Document:

364 Day Credit Agreement

    

    EXECUTION
      VERSION

     

    [Published
      CUSIP Number: ____________]

     

    364
      DAY CREDIT AGREEMENT

     

    Dated
      as of March 28, 2007

    

    among

    

    TOYOTA
      MOTOR FINANCE (NETHERLANDS) B.V.,

    TOYOTA
      MOTOR CREDIT CORPORATION,

    TOYOTA
      FINANCIAL SERVICES (UK) PLC,

    TOYOTA
      KREDITBANK GMBH,

    TOYOTA
      CREDIT DE PUERTO RICO CORP.

    TOYOTA
      CREDIT CANADA INC.,

    and

    TOYOTA
      LEASING GMBH,

    as
      the Borrowers,

    

    BANK
      OF AMERICA, N.A.,

    as
      Administrative Agent, Swing Line Agent and Swing Line Lender

    

    and

    

    The
      Other Lenders Party Hereto

    ____________________________________________

    

    BANC
      OF AMERICA SECURITIES LLC

    and

    CITIGROUP
      GLOBAL MARKETS INC.,

    as
      Joint Lead Arrangers and Joint Book Managers

    _____________________________________________

    

    CITICORP
      USA, INC.,

    as
      Syndication Agent and Swing Line Lender

    ______________________________________________

    

    THE
      BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

    BNP
      PARIBAS

    and

    JPMORGAN
      CHASE BANK, N.A.

    as
      Documentation Agents

    

    

    
      
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    TABLE
      OF CONTENTS

    

    

     

    
      	 	
              Page

            
	
              ARTICLE
                I DEFINITIONS

            	
              1

            
	
              Section
                1.1 Definitions

            	
              1

            
	
              Section
                1.2 Other Interpretive Provisions

            	
              24

            
	
              Section
                1.3 Accounting Terms

            	
              25

            
	
              Section
                1.4 References to Agreements and Laws

            	
              25

            
	
              Section
                1.5 Exchange Rates; Currency Equivalents

            	
              25

            
	
              Section
                1.6 Additional Alternative Currencies

            	
              26

            
	
              Section
                1.7 Change of Currency

            	
              26

            
	
              Section
                1.8 Times of Day

            	
              27

            
	
              ARTICLE
                II THE CREDITS

            	
              27

            
	
              Section
                2.1 Committed Loans

            	
              27

            
	
              Section
                2.2 Borrowings, Conversions and Continuations of Committed
                Loans

            	
              28

            
	
              Section
                2.3 Money Market Loans

            	
              30

            
	
              Section
                2.4 Prepayments

            	
              33

            
	
              Section
                2.5 Termination or Reduction of Commitments

            	
              35

            
	
              Section
                2.6 Repayment of Loans

            	
              36

            
	
              Section
                2.7 Interest

            	
              36

            
	
              Section
                2.8 Fees

            	
              37

            
	
              Section
                2.9 Computation of Interest and Fees

            	
              38

            
	
              Section
                2.10 Evidence of Debt

            	
              38

            
	
              Section
                2.11 Payments Generally

            	
              39

            
	
              Section
                2.12 Sharing of Payments

            	
              41

            
	
              Section
                2.13 Extension of Maturity Date

            	
              42

            
	
              Section
                2.14 Increase in Commitments

            	
              44

            
	
              Section
                2.15 Drawings of Bankers’ Acceptances, Drafts and BA Equivalent
                Notes

            	
              45

            
	
              Section
                2.16 Swing Line Loans

            	
              48

            
	
              ARTICLE
                III TAXES, YIELD PROTECTION AND ILLEGALITY

            	
              52

            
	
              Section
                3.1 Taxes

            	
              52

            
	
              Section
                3.2 Illegality

            	
              53

            
	
              Section
                3.3 Inability to Determine Rates

            	
              54

            
	
              Section
                3.4 Increased Cost and Reduced Return; Capital Adequacy; Reserves
                on
                Eurocurrency Rate Loans

            	
              55

            
	
              Section
                3.5 Funding Losses

            	
              56

            
	
              Section
                3.6 Matters Applicable to all Requests for Compensation

            	
              56

            
	
              ARTICLE
                IV CONDITIONS

            	
              57

            
	
              Section
                4.1 Effectiveness

            	
              57

            
	
              Section
                4.2 Conditions to all Loans

            	
              59

            
	
              ARTICLE
                V REPRESENTATIONS AND WARRANTIES

            	
              60

            
	
              Section
                5.1 Corporate Existence and Power

            	
              60

            
	
              Section
                5.2 Corporate and Governmental Authorization: No
                Contravention

            	
              60

            
	
              Section
                5.3 Binding Effect

            	
              60

            
	
              Section
                5.4 Financial Information

            	
              60

            
	
              Section
                5.5 Litigation

            	
              61

            
	
              Section
                5.6 Compliance with ERISA

            	
              61

            
	
              Section
                5.7 Taxes

            	
              61

            
	
              Section
                5.8 Subsidiaries

            	
              61

            
	
              Section
                5.9 Not an Investment Company

            	
              61

            
	
              Section
                5.10 Disclosure

            	
              62

            
	
              Section
                5.11 Representations as to Non-US Obligors

            	
              62

            
	
              ARTICLE
                VI COVENANTS

            	
              63

            
	
              Section
                6.1 Information

            	
              63

            
	
              Section
                6.2 Maintenance of Property; Insurance

            	
              65

            
	
              Section
                6.3 Conduct of Business and Maintenance of Existence

            	
              65

            
	
              Section
                6.4 Compliance with Laws

            	
              65

            
	
              Section
                6.5 Negative Pledge

            	
              66

            
	
              Section
                6.6 Consolidations

            	
              67

            
	
              Section
                6.7 Use of Proceeds

            	
              68

            
	
              ARTICLE
                VII DEFAULTS

            	
              68

            
	
              Section
                7.1 Events of Default

            	
              68

            
	
              Section
                7.2 Application of Funds

            	
              70

            
	
              ARTICLE
                VIII THE ADMINISTRATIVE AGENT

            	
              70

            
	
              Section
                8.1 Appointment and Authorization of Administrative Agent

            	
              71

            
	
              Section
                8.2 Delegation of Duties

            	
              71

            
	
              Section
                8.3 Liability of Administrative Agent

            	
              71

            
	
              Section
                8.4 Reliance by Administrative Agent

            	
              71

            
	
              Section
                8.5 Notice of Default

            	
              72

            
	
              Section
                8.6 Credit Decision; Disclosure of Information by Administrative
                Agent

            	
              72

            
	
              Section
                8.7 Indemnification of Administrative Agent

            	
              73

            
	
              Section
                8.8 Administrative Agent in its Individual Capacity

            	
              73

            
	
              Section
                8.9 Successor Administrative Agent and Sub-Agents

            	
              73

            
	
              Section
                8.10 Administrative Agent May File Proofs of Claim

            	
              74

            
	
              Section
                8.11 Other Agents, Arrangers and Managers

            	
              75

            
	
              Section
                8.12 Sub-Agent

            	
              75

            
	
              ARTICLE
                IX MISCELLANEOUS

            	
              76

            
	
              Section
                9.1 Amendments, Etc

            	
              76

            
	
              Section
                9.2 Notices and Other Communications; Facsimile Copies

            	
              77

            
	
              Section
                9.3 No Waiver; Cumulative Remedies

            	
              78

            
	
              Section
                9.4 Attorney Costs, Expenses and Taxes

            	
              78

            
	
              Section
                9.5 Indemnification by the Borrowers

            	
              79

            
	
              Section
                9.6 Payments Set Aside

            	
              80

            
	
              Section
                9.7 Successors and Assigns

            	
              80

            
	
              Section
                9.8 Confidentiality

            	
              83

            
	
              Section
                9.9 Set-off

            	
              84

            
	
              Section
                9.10 Interest Rate Limitation

            	
              84

            
	
              Section
                9.11 Counterparts

            	
              84

            
	
              Section
                9.12 Integration

            	
              84

            
	
              Section
                9.13 Survival of Representations and Warranties

            	
              85

            
	
              Section
                9.14 Severability

            	
              85

            
	
              Section
                9.15 Tax Forms

            	
              85

            
	
              Section
                9.16 Replacement of Lenders

            	
              87

            
	
              Section
                9.17 Governing Law

            	
              88

            
	
              Section
                9.18 No Advisory or Fiduciary Responsibility

            	
              89

            
	
              Section
                9.19 Patriot Act Notice

            	
              89

            
	
              Section
                9.20 Judgment

            	
              90

            
	
              Section
                9.21 Waiver of Right to Trial by Jury

            	
              90

            

    

    

    

    
      
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    Schedules

    

    Schedule
      1.1  Mandatory
      Cost

    Schedule
      2.1  Commitments
      and Pro Rata Shares

    Schedule
      4.1(d) List
      of Agreements to be Terminated

    Schedule
      9.2  Administrative
      Agent’s Office, Certain Addresses for Notices

    

    

    Exhibits

    

    Exhibit
      A-1  Form
      of Committed Loan Notice

    Exhibit
      A-2  Form
      of Swing Line Loan Notice

    Exhibit
      B  Form
      of Note

    Exhibit
      C  Form
      of Compliance Certificate

    Exhibit
      D  Assignment
      and Assumption

    Exhibit
      E  Form
      of Money Market Quote Request

    Exhibit
      F  Form
      of Invitation for Money Market Quotes

    Exhibit
      G  Form
      of Money Market Quote

    Exhibit
      H  Form
      of Opinion of Counsel for the Borrowers

    Exhibit
      I-1  Form
      of Opinion of Peitrantoni Mendez & Alvarez LLP

    Exhibit
      I-2  Form
      of Opinion of Stikeman Elliot

    Exhibit
      I-3  Form
      of Opinion of Freshfields Bruckhaus Deringer as Netherlands     Counsel
      to TMFNL

    Exhibit
      I-4  Form
      of Opinion of Freshfields Bruckhaus Deringer as English Counsel to    TFSUK

    Exhibit
      I-5  Form
      of Opinion of Freshfields Bruckhaus Deringer as German Counsel to    TKG
      and TLG

    Exhibit
      J  Form
      of Opinion of Shearman & Sterling LLP

    

    

    

    

    
      
        
          
            

          

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    364
      DAY CREDIT AGREEMENT 

     

    THIS
      364 DAY CREDIT AGREEMENT (this “Agreement”) dated as of March 28, 2007 is made
      among TOYOTA MOTOR FINANCE (NETHERLANDS) B.V., a corporation organized under
      the
      laws of the Netherlands (“TMFNL”),
      TOYOTA MOTOR CREDIT CORPORATION, a California corporation (“TMCC”),
      TOYOTA FINANCIAL SERVICES (UK) PLC, a corporation organized under the laws
      of
      England (“TFSUK”),
      TOYOTA KREDITBANK GMBH , a corporation organized under the laws of Germany
      (“TKG”),
      TOYOTA CREDIT DE PUERTO RICO CORP., a corporation organized under the laws
      of
      the Commonwealth of Puerto Rico (“TCPR”),
      TOYOTA CREDIT CANADA INC., a corporation incorporated under the laws of Canada
      (“TCCI”),
      TOYOTA LEASING GMBH, a corporation organized under the laws of Germany
      (“TLG”
      and, together with TMFNL, TMCC, TFSUK, TKG, TCPR and TCCI, the “Borrowers”),
      each lender from time to time party hereto (collectively, the “Lenders”
      and, individually, a “Lender”),
      BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Agent and Swing
      Line
      Lender, BANC OF AMERICA SECURITIES LLC and CITIGROUP GLOBAL MARKETS INC, as
      Joint Lead Arrangers and Joint Book Managers, CITICORP USA, INC., as Syndication
      Agent and Swing Line Lender, and THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., BNP
      PARIBAS and JPMORGAN CHASE BANK, N.A., as Documentation Agents.

     

    WHEREAS,
      the Borrowers have requested that the Lenders provide a revolving credit
      facility that may be converted to a term facility, and the Lenders are willing
      to do so on the terms and conditions set forth herein.

     

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

     

     

    ARTICLE
      I

     

    DEFINITIONS

     

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

     

    “Absolute
      Rate Auction”
      means a solicitation of Money Market Quotes setting forth Money Market Absolute
      Rates pursuant to Section
      2.3.

     

    “Administrative
      Agent”
      means Bank of America, in its capacity as Administrative Agent for the Lenders
      hereunder, and its successors in such capacity.

     

    “Administrative
      Agent’s
      Office”
      means, with respect to any currency, the Administrative Agent’s
      address and, as appropriate, account as set forth on Schedule
      9.2
      with respect to such currency, or such other address or account with respect
      to
      such currency as the Administrative Agent may from time to time notify to the
      Borrowers and the Lenders.

     

    

    
      
        
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    “Administrative
      Questionnaire”
      means, with respect to each Lender, an administrative questionnaire in the
      form
      prepared by the Administrative Agent and submitted to the Administrative Agent
      (with a copy to the Borrowers) duly completed by such Lender.

     

    “Affiliate”
      means, with respect to any Person, another Person that directly, or indirectly
      through one or more intermediaries, Controls or is Controlled by or is under
      common Control with the Person specified. “Control”
      means the possession, directly or indirectly, of the power to direct or cause
      the direction of the management or policies of a Person, whether through the
      ability to exercise voting power, by contract or otherwise. “Controlling”
      and “Controlled”
      have meanings correlative thereto. 

     

    “Agent-Related
      Persons”
      means the Administrative Agent, together with its Affiliates (including, in
      the
      case of Bank of America in its capacity as the Administrative Agent, Banc of
      America LLC. as an Arranger, Bank of America, acting through its Canada Branch
      in its capacity as Canadian Sub-Agent and Bank of America’s London Branch in its
      capacity as Swing Line Agent), and the officers, directors, employees, agents
      and attorneys-in-fact of such Persons and Affiliates.

     

    “Aggregate
      Commitments”
      means (i) the Commitments of all the Lenders, (ii) when used in relation to
      the
      Tranche A Borrowers, the Aggregate Tranche A Commitments, (iii) when used in
      relation to TCPR, the Aggregate Tranche B Commitments, (iv) when used in
      relation to TCCI, the Aggregate Tranche C Commitments and (v) when used in
      relation to TLG, the Aggregate Tranche D Commitments.

     

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

     

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

     

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

     

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

     

    “Agreement”
      means this Credit Agreement.

     

    “Alternative
      Currency”
      means each of Euro, Sterling, Canadian Dollars and each other currency (other
      than US Dollars) that is approved in accordance with Section 1.6.

     

    “Alternative
      Currency Equivalent”
      means, at any time, with respect to any amount denominated in US Dollars, the
      equivalent amount thereof in the applicable Alternative Currency as determined
      by the Administrative Agent at such time on the basis of the Spot Rate
      (determined in respect of the most recent Revaluation Date) for the purchase
      of
      such Alternative Currency with US Dollars.

     

    “Applicable
      Rate”
      means the following percentages per annum:

     

    
      
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              Applicable
                Rate

               

            
	
              Facility
                Fee

               

            	
              Eurocurrency
                Rate / Bankers’ Acceptances / Drafts/ BA Equivalent Notes/ Swing Line
                Rate

               

            	
              Base
                Rate / Canadian Prime Rate

               

            
	
              0.020%

               

            	
              0.130%

               

            	
              0.000%

               

            

    

    If
      any Borrower converts the Loans made to it to Term Loans pursuant to
Section
      2.13(c),
      the “Applicable Rate” for Eurocurrency Rate Loans, Bankers’ Acceptances, Drafts
      and BA Equivalent Notes shall be 0.230% per annum.

     

    “Applicable
      Time”
      means, with respect to any borrowings and payments in any Alternative Currency,
      the local time in the place of settlement for such Alternative Currency as
      may
      be determined by the Administrative Agent to be necessary for timely settlement
      on the relevant date in accordance with normal banking procedures in the place
      of payment.

     

    “Applicable
      Tranche Lenders”
      means (i) with respect to the Tranche A Borrowers, the Tranche A Lenders, (ii)
      with respect to TCPR, the Tranche B Lenders, (iii) with respect to TCCI, the
      Tranche C Lenders and (iv) with respect to TLG, the Tranche D
      Lenders.

     

    “Arranger”
      means either of Banc of America Securities LLC or Citigroup Global Markets
      Inc.,
      in its capacity as a joint lead arranger and a joint book manager.

     

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

     

    “Attorney
      Costs”
      means and includes all reasonable fees, expenses and disbursements of any law
      firm or other external counsel and, without duplication, the reasonable
      allocated cost of internal legal services and all expenses and disbursements
      of
      internal counsel.

     

    “Audited
      Financial Statements”
      means (i) for TMFNL, the audited balance sheet of TMFNL for the fiscal year
      ended March 31, 2006 (or such later date for which audited financial statements
      are delivered pursuant to this Agreement) and the related statement of income
      or
      operations, shareholders’ equity and cash flows for such fiscal year, including
      the notes thereto, (ii) for TMCC, the audited consolidated balance sheet of
      TMCC
      and its Subsidiaries for the fiscal year ended March 31, 2006 (or such later
      date for which audited financial statements are delivered pursuant to this
      Agreement) and the related consolidated statement of income or operations,
      shareholders’ equity and cash flows for such fiscal year of TMCC and its
      Subsidiaries, including the notes thereto, (iii) for TFSUK, the audited
      consolidated and company balance sheets of TFSUK for the fiscal year ended
      March
      31, 2006 (or such later date for which audited financial statements are
      delivered pursuant to this Agreement), the consolidated profit 

     

    

    
      
        
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    and
      loss account and statement of total recognized gains and losses for such
      financial year of TFSUK and its Subsidiaries, including the notes thereto (iv)
      for TKG, the audited consolidated balance sheet of TKG for the fiscal year
      ended
      March 31, 2006 (or such later date for which audited financial statements are
      delivered pursuant to this Agreement) and the related consolidated statement
      of
      income or operations and shareholders’ equity for such fiscal year, including
      the notes thereto (v) for TCPR, the audited balance sheet of TCPR for the fiscal
      year ended March 31, 2006 (or such later date for which audited financial
      statements are delivered pursuant to this Agreement) and the related statement
      of income or operations, shareholders’ equity and cash flows for such fiscal
      year, including the notes thereto, (vi) for TCCI, the audited balance sheet
      of
      TCCI for the fiscal year ended March 31, 2006 (or such later date for which
      audited financial statements are delivered pursuant to this Agreement) and
      the
      related statement of income or operations, shareholders’ equity and cash flows
      for such fiscal year, including the notes thereto and (vii) for TLG, the audited
      balance sheet of TLG for the fiscal year ended March 31, 2006 (or such later
      date for which audited financial statements are delivered pursuant to this
      Agreement) and the related statement of income or operations and shareholders’
equity for such fiscal year, including the notes thereto .

     

    “BA
      Equivalent Note”
      has the meaning specified in Section 2.15(i).

     

    “BA
      Maturity Date”
      means, for each Bankers’ Acceptance, Draft or BA Equivalent Note comprising part
      of the same Drawing, the date on which the Face Amount for such Bankers’
Acceptance, Draft or BA Equivalent Note, as the case may be, becomes due and
      payable in accordance with the provisions set forth below, which shall be a
      Canadian Business Day occurring 30, 60, 90 or 180 days (or, subject to
      availability, such greater period not to exceed 364 days) after the date on
      which such Bankers’ Acceptance, Draft or BA Equivalent Note is created and
      purchased as part of any Drawing, as TCCI may select upon notice received by
      the
      Administrative Agent not later than 11:00 A.M. (Toronto time) on a Canadian
      Business Day at least two Canadian Business Days prior to the date on which
      such
      Bankers’ Acceptance or Draft is to be purchased or BA Equivalent Note is to be
      made (whether as a new Drawing or by renewal); provided,
      however,
      that:

     

    (a) TCCI
      may not select any BA Maturity Date for any Bankers’ Acceptance, Draft or BA
      Equivalent Note that occurs after the then scheduled Revolving Maturity
      Date;

     

    (b) the
      BA Maturity Date for all Bankers’ Acceptances, Drafts and BA Equivalent Notes
      comprising part of the same Drawing shall occur on the same date;
      and

     

    (c) whenever
      the BA Maturity Date for any Bankers’ Acceptance, Draft or BA Equivalent Note
      would otherwise occur on a day other than a Canadian Business Day, such BA
      Maturity Date shall be extended to occur on the next succeeding Canadian
      Business Day.

     

    Notwithstanding
      the foregoing, TCCI may select a BA Maturity Date which would end after the
      Revolving Maturity Date applicable to TCCI only if it has previously delivered,
      or delivers concurrently with the applicable Committed Loan Notice, an election
      to 

     

    

    
      
        
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    extend
      the Maturity Date to the Term Maturity Date pursuant to Section
      2.13(c).
      

     

    “Bankers’
      Acceptance”
      has the meaning specified in Section 2.1(c).

     

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

     

    “Base
      Rate”
      means, (a) in respect of Tranche A, Tranche B or Tranche D, for any day, a
      fluctuating rate per annum equal to the higher of (i) the Federal Funds Rate
      plus 1/2 of 1% and (ii) the rate of interest in effect for such day as publicly
      announced from time to time by Bank of America as its “prime rate.” The “prime
      rate” is a rate set by Bank of America based upon various factors including Bank
      of America’s costs and desired return, general economic conditions and other
      factors, and is used as a reference point for pricing some loans, which may
      be
      priced at, above, or below such announced rate and (b) in respect of Tranche
      C,
      for any day, the fluctuating rate per annum determined in accordance with clause
      (a) plus 0.5%. Any change in such rate announced by Bank of America shall take
      effect at the opening of business on the day specified in the public
      announcement of such change.

     

    “Base
      Rate Committed Loan”
      means a Committed Loan that is a Base Rate Loan.

     

    “Base
      Rate
      Loan”
      means a Loan denominated in US Dollars that bears interest based on the Base
      Rate. All Base Rate Loans shall be denominated in US Dollars.

     

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

     

    “Borrower”
      means any of TMFNL, TMCC, TFSUK, TKG, TCPR, TCCI or TLG, as
      applicable.

     

    “Borrower
      Materials”
      has the meaning specified in Section
      6.1.

     

    “Borrowing”
      means a Committed Borrowing, a Money Market Borrowing or a Swing Line Borrowing,
      as the context may require.

     

    “Business
      Day”
      means (i) any day other than a Saturday, Sunday or other day on which commercial
      banks are authorized to close under the Laws of, or are in fact closed in,
      any
      of the following: the state where the Administrative Agent’s Office is located,
      California, New York, and San Juan, Puerto Rico, (ii) if such day relates to
      any
      Eurocurrency Rate Loan or Money Market LIBOR Loan denominated in US Dollars,
      any
      such day on which dealings in US Dollar deposits are conducted by and between
      banks in the London interbank eurodollar market, (iii) if such day relates
      to
      any interest rate settings as to a Eurocurrency Rate Loan, Money Market LIBOR
      Loan or Swing Line Loan denominated in Euro, a TARGET Day; (iv) if such day
      relates to any interest rate settings as to a Eurocurrency Rate Loan, Money
      Market LIBOR Loan or Swing Line Loan denominated in a currency other than US
      Dollars or Euro, means any such day on which dealings in deposits in the
      relevant currency are conducted by and between banks in the London or other
      applicable offshore interbank market for such currency; and (v) if such day
      relates to any Tranche C Loan, a Canadian Business Day.

    
 

     

    “Canadian
      Business Day”
      means a day of the year on which banks are not required or authorized by law
      to
      close in Toronto, Ontario, Canada.

     

    “Canadian
      Dollars”
      and “CDN$”
      each means lawful money of Canada.

     

    
      
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    “Canadian
      Prime Rate”
      means, on any day, a fluctuating rate of interest per annum equal to the average
      of the rates of interest per annum most recently announced by each Canadian
      Reference Bank as its reference rate of interest for loans made in Canadian
      Dollars to Canadian customers and designated as such Canadian Reference Bank’s
“prime rate” (a Canadian Reference Bank’s “prime rate” being a rate set by such
      Canadian Reference Bank based upon various factors, including such Canadian
      Reference Bank’s costs and desired returns and general economic conditions, and
      is used as a reference point for pricing some loans, which may be priced at,
      above or below such announced rate). Any change in such rate announced by the
      Canadian Sub-Agent shall take effect at the opening of business on the day
      specified in the public announcement of such change. Each interest rate based
      upon the Canadian Prime Rate shall be adjusted simultaneously with any change
      in
      the Canadian Prime Rate.

     

    “Canadian
      Prime Rate
      Loan”
      means a Tranche C Loan denominated in Canadian Dollars that bears interest
      based
      on the Canadian Prime Rate.

     

    “Canadian
      Reference Banks”
      means Bank of America, acting through its Canada Branch, Royal Bank of Canada
      and Canadian Imperial Bank of Commerce.

     

    “Canadian
      Sub-Agent”
      means Bank of America, acting through its Canada Branch.

     

    “Canadian
      Sub-Agent’s
      Office”
      means, with respect to Canadian Dollars, the Canadian Sub-Agent’s
      address and, as appropriate, account as set forth on Schedule
      9.2,
      or such other address or account with respect to such currency as the Canadian
      Sub-Agent may from time to time notify to TCCI and the Tranche C
      Lenders.

     

    “Closing
      Date”
      means the first date all the conditions precedent in Section
      4.1
      are satisfied or waived in accordance with Section
      4.1
      (or, in the case of Section
      4.1(b),
      waived by the Person entitled to receive the applicable payment).

     

    “Code”
      means the Internal Revenue Code of 1986, as amended and any successor
      statute.

     

    “Commitment”
      means, as to each Lender, its Tranche A Commitment, its Tranche B Commitment,
      its Tranche C Commitment or its Tranche D Commitment, as
      applicable.

     

    “Commitment
      Cap”
      means, as to each Lender, the amount set opposite its name on Schedule 2.1
      as
      such Lender’s “Commitment Cap” or in the Assignment and Assumption pursuant to
      which such Lender becomes a party hereto, as applicable, as such amount may
      be
      adjusted from time to time in accordance with this Agreement.

    
 

     

    “Committed
      Borrowing”
      means a borrowing consisting of simultaneous Committed Loans of the same Type
      and Tranche and, in the case of Eurocurrency Rate Loans, having the same
      Interest Period made by each of the appropriate Lenders pursuant to Section
      2.1.

     

    “Committed
      Loan”
      means a Committed Tranche A Loan, a Committed Tranche B Loan, a Committed
      Tranche C Loan or a Committed Tranche D Loan.

     

    “Committed
      Loan Notice”
      means a notice of (a) a Committed Borrowing, (b) a conversion of Committed
      Loans
      from one Type to the other and (c) a continuation of Eurocurrency Rate Loans,
      pursuant to Section
      2.2(a),
      which, if in writing, shall be substantially in the form of Exhibit
      A-1.
      A Committed Loan Notice for a Eurocurrency Rate Loan with an Interest Period
      extending beyond the Revolving Maturity Date applicable to the Borrower giving
      such notice may only be delivered concurrently with (or, in the case of (b)
      or
      (c) above, concurrently with or subsequently to) a notice of election by such
      Borrower to extend the Maturity Date applicable to such Borrower to the Term
      Maturity Date pursuant to Section
      2.13(c).
      A Committed Loan Notice for Bankers’ Acceptances or BA Equivalent Notes with BA
      Maturity Date extending beyond the Revolving Maturity Date applicable to TCCI
      may only be delivered concurrently with (or, in the case of (b) or (c) above,
      concurrently with or subsequently to) a notice of election by TCCI to extend
      the
      Maturity Date applicable to TCCI to the Term Maturity Date pursuant to
Section
      2.13(c).
      

     

    
      
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    “Committed
      Tranche A Loan”
      means a loan made by a Tranche A Lender pursuant to Section
      2.1(a).

     

    “Committed
      Tranche B Loan”
      means a loan made by a Tranche B Lender pursuant to Section
      2.1(b).

     

    “Committed
      Tranche C Loan”
      means a loan made by, or the purchase or acceptance of Bankers’ Acceptances or
      purchase of Drafts by, a Tranche C Lender pursuant to Section
      2.1(c).

     

    “Committed
      Tranche D Loan”
      means a loan made by a Tranche D Lender pursuant to Section
      2.1(d).

     

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

     

    “Consenting
      Lenders”
      has the meaning specified in Section
      2.13(b).

     

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

     

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

     

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

     

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

     

    “Default
      Rate”
      means an interest rate equal to (a) in the case of Loans denominated in US
      Dollars (i) the Base Rate plus
      (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus
      (iii) 2% per annum; provided,
      however,
      that with respect to a Eurocurrency Rate Loan or Money Market Loan, the Default
      Rate shall be an interest rate equal to the interest rate (including any
      Applicable Rate and any Mandatory Cost) otherwise applicable to such Loan plus
      2% per annum and (b) in the case of Loans denominated in Canadian Dollars (i)
      the Canadian Prime Rate plus
      (ii) the Applicable Rate, if any, applicable to Canadian Prime Rate Loans
plus
      (iii) 2% per annum, in each case to the fullest extent permitted by applicable
      Laws. 

     

    
      
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    “Defaulting
      Lender”
      means any Lender that (a) has failed to fund any portion of the Committed Loans
      or participations in Swing Line Loans required to be funded by it hereunder
      within three Business Days of the date required to be funded by it hereunder,
      and such failure is continuing or (b) has otherwise failed to pay over to the
      Administrative Agent or any other Lender any other amount required to be paid
      by
      it hereunder within three Business Days of the date when due, and such failure
      is continuing, unless the subject of a good faith dispute.

     

    “Discount
      Rate”
      means, in respect of any Bankers’ Acceptances or Drafts to be purchased by a
      Tranche C Lender pursuant to Section 2.1(c): (i) for a Tranche C Lender that
      is
      a Schedule I Bank, the average rate (calculated on an annual basis of a year
      of
      365 days and rounded up to the nearest five decimal places, if such average
      is
      not such a multiple) for Canadian Dollar bankers’ acceptances having a
      comparable term that appears on the Reuters Screen CDOR Page (or such other
      page
      as is a replacement page for such bankers’ acceptances) at 10:00 A.M. (Toronto
      time) or, if such rate is not available at such time, the applicable discount
      rate in respect of such Bankers’ Acceptances or Drafts shall be the average (as
      determined by the Canadian Sub-Agent) of the respective actual discount rates
      (calculated on an annual basis of 365 days and rounded up to the nearest five
      decimal places, if such average is not such a multiple), quoted to the Canadian
      Sub-Agent by each Canadian Reference Bank as the discount rate at which such
      Canadian Reference Bank would purchase, as of 10:00 A.M. (Toronto time) on
      the
      date of such Drawing, its own bankers’ acceptances having an aggregate Face
      Amount equal to and with a term to maturity the same as the Bankers’ Acceptances
      or Drafts to be acquired by such Lender as part of such Drawing; and (ii) for
      each other Tranche C Lender and any other Lender or Person, the average rate
      determined by the Canadian Sub-Agent pursuant to clause (a) plus
      0.05%.

     

    “Dollar
      Equivalent”
      means, at any time, (a) with respect to any amount denominated in US
      Dollars, such amount, and (b) with respect to any amount denominated in any
      Alternative Currency, the equivalent amount thereof in US Dollars as determined
      by the Administrative Agent at such time on the basis of the Spot Rate
      (determined in respect of the most recent Revaluation
      Date) for the purchase of US Dollars with such Alternative
      Currency.

     

    “Draft”
      means, at any time, either a depository bill within the meaning of the
Depository
      Bills and Notes Act,
      or a bill of exchange within the meaning of the Bills
      of Exchange Act
      (Canada), drawn by TCCI on a Lender or any other Person and bearing such
      distinguishing letters and numbers as the Lender or the Person may determine,
      but which at such time has not been completed as the payee or accepted by the
      Lender or the Person.

     

    “Drawing”
      means the simultaneous (i) creation and purchase of Bankers’ Acceptances by the
      Tranche C Lenders, in accordance with Section 2.15(a), or (ii) the purchase
      of completed Drafts by a Tranche C Lender in accordance with Section
      2.15(a).

     

    
      
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    “Drawing
      Fee”
      means, with respect to each Draft drawn by TCCI and purchased by any Person
      on
      any Drawing Date and subject to the provisions of Section 2.15, an amount equal
      to the product of (i) the Applicable Rate times the aggregate Face Amount of
      the
      Draft, multiplied by (ii) a fraction the numerator of which is the number of
      days in the term to maturity of such Draft and the denominator of which is
      365
      or 366, as applicable.

     

    “Drawing
      Purchase Price”
      means, with respect to each Bankers’ Acceptance or Draft to be purchased by any
      Tranche C Lender at any time, the amount (adjusted to the nearest whole cent
      or,
      if there is no nearest whole cent, the next higher whole cent) obtained by
      dividing (i) the aggregate Face Amount of such Bankers’ Acceptance, by
      (ii) the sum of (A) one and (B) the product of (1) the
      Discount Rate applicable to such Tranche C Lender in effect at such time
      (expressed as a decimal) multiplied
      by
      (2) a fraction the numerator of which is the number of days in the term to
      maturity of such Bankers’ Acceptance or Draft and the denominator of which is
      365 days.

     

    “Eligible
      Assignee”
      has the meaning specified in Section
      9.7(h).

     

    “EMU”
      means the economic and monetary union in accordance with the Treaty of Rome
      1957, as amended by the Single European Act 1986, the Maastricht Treaty of
      1992
      and the Amsterdam Treaty of 1998.

     

    “EMU
      Legislation”
      means the legislative measures of the European Council for the introduction
      of,
      changeover to or operation of a single or unified European
      currency.

     

    “Environmental
      Laws”
      means any and all Laws relating to the environment, the effect of the
      environment on human health or to emissions, discharges or releases of
      pollutants, contaminants, hazardous substances or wastes into the environment
      including, without limitation, ambient air, surface water, ground water, or
      land, or otherwise relating to the manufacture, processing, distribution, use,
      treatment, storage, disposal, transport or handling of pollutants, contaminants,
      hazardous substances or wastes or the clean-up or other remediation
      thereof.

     

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

     

    “ERISA
      Group”
      means any Borrower organized under the laws of the United States or any
      State thereof, the District of Columbia or Puerto Rico, any Subsidiary of such
      Borrower and all members of a controlled group of corporations and all trades
      or
      businesses (whether or not incorporated) under common control which, together
      with such Borrower, or any such Subsidiary, are treated as a single employer
      under Section 414 of the Code.

     

    “Euro”
      and “EUR”
      mean the lawful currency of the Participating Member States introduced in
      accordance with the EMU Legislation.

     

    “Eurocurrency
      Base Rate”
      has the meaning set forth in the definition of Eurocurrency Rate.

     

    
      
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    “Eurocurrency
      Rate”
      means for any Interest Period with respect to any Eurocurrency Rate Loan, a
      rate
      per annum determined by the Administrative Agent pursuant to the following
      formula:

     

    Eurocurrency
      Rate =  Eurocurrency
      Base Rate  

    1.00
      minus Eurocurrency Reserve Percentage

    Where,

     

    “Eurocurrency
      Base Rate”
      means, for such Interest Period, the rate per annum equal to the British Bankers
      Association LIBOR Rate (“BBA
      LIBOR”),
      as published by Reuters (or other commercially available source providing
      quotations of BBA LIBOR as designated by the Administrative Agent from time
      to
      time) at approximately 11:00 a.m., London time, two Business Days prior to
      the
      commencement of such Interest Period, for deposits in the relevant currency
      (for
      delivery on the first day of such Interest Period) with a term equivalent to
      such Interest Period. If such rate is not available at such time for any reason,
      then the “Eurocurrency Base Rate” for such Interest Period shall be the rate per
      annum determined by the Administrative Agent to be the rate at which deposits
      in
      the relevant currency for delivery on the first day of such Interest Period
      in
      Same Day Funds in the approximate amount of the Eurocurrency Rate Loan being
      made, continued or converted by Bank of America’s London Branch and with a term
      equivalent to such Interest Period would be offered by Bank of America’s London
      Branch (or other Bank of America branch or Affiliate) to major banks in the
      London or other offshore interbank market for such currency at their request
      at
      approximately 11:00 a.m. (London time) two Business Days prior to the first
      day
      of such Interest Period.

     

    “Eurocurrency
      Reserve Percentage”
      means, for any day during any Interest Period, the reserve percentage (expressed
      as a decimal, carried out to five decimal places) in effect on such day, whether
      or not applicable to any Lender, under regulations issued from time to time
      by
      the FRB for determining the maximum reserve requirement (including any
      emergency, supplemental or other marginal reserve requirements) with respect
      to
      Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The
      Eurocurrency Rate for each outstanding Eurocurrency Rate Loan shall be adjusted
      automatically as of the effective date of any change in the Eurocurrency Reserve
      Percentage.

    

     

    “Eurocurrency
      Rate Loan”
      means a Committed Loan that bears interest at a rate based on the Eurocurrency
      Rate. Eurocurrency Rate Loans may be denominated in US Dollars or in an
      Alternative Currency. All Committed Loans denominated in an Alternative Currency
      (other than Canadian Dollar Loans made under Tranche C) must be Eurocurrency
      Rate Loans.

     

    “Event
      of Default”
      has the meaning set forth in Section
      7.1.

     

    “Exempt
      Lender”
      means a Tranche B Lender that is any of the following: (i) a Corporate Lender
      organized under the Laws of Puerto Rico, (ii) a Corporate Lender organized
      under
      the Laws of a jurisdiction other than Puerto Rico that is engaged in the conduct
      of a trade or business in Puerto Rico, or (iii) a Lender organized under the
      Laws of a jurisdiction other than Puerto Rico that is not engaged in the conduct
      of a trade or business in Puerto Rico and that is not a “related person” to TCPR
      for purposes of Section 1231(a)(1)(A)(i) of the Puerto Rico Code by reason
      of
      the fact that such Lender does not own, directly or indirectly in accordance
      with the attribution rules of Section 1231(a)(3) of the Puerto Rico Code, 50%
      or
      more of the value of the stock of TCPR. As used in this definition, “Corporate
      Lender” means a Lender that is taxable as a corporation under the Puerto Rico
      Code.

     

    
      
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    “Face
      Amount”
      means, with respect to any Bankers’ Acceptance, Drafts or BA Equivalent Note,
      the amount payable to the holder of such Bankers’ Acceptance, Draft or BA
      Equivalent Note on its maturity date.

     

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

     

    “Fee
      Letter”
      means a letter, dated as of February 22, 2007 among TMCC, the Administrative
      Agent, Citibank, N.A. and the Arrangers.

     

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

     

    “GAAP”
      means, (i) in the case of TMCC and TCPR, generally accepted accounting
      principles in the United States set forth in the opinions and pronouncements
      of
      the Accounting Principles Board and the American Institute of Certified Public
      Accountants and statements and pronouncements of the Financial Accounting
      Standards Board, consistently applied, (ii) in the case of TCCI, accounting
      principles generally accepted in Canada as recommended in the Handbook of the
      Canadian Institute of Chartered Accountants, consistently applied, and (iii)
      in
the
      case of any other Borrower to which United States generally accepted accounting
      principles are not applicable, accounting principles generally accepted in
      the
      country in which such Borrower is organized, as adopted, recommended or declared
      by the applicable accounting board or similar entity regularly determining
      such
      matters in such country, consistently applied. 

     

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

     

    “ICTA”
      means the United Kingdom Income and Corporation Taxes Act 1988.

     

    “Indemnified
      Liabilities”
      has the meaning set forth in Section
      9.5.

     

    “Indemnitees”
      has the meaning set forth in Section
      9.5.

     

    
      
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    “Interest
      Payment Date”
      means, (a) as to any Eurocurrency Rate Loan or Money Market Loan, the last
      day
      of each Interest Period applicable to such Loan and the Maturity Date;
provided,
      however,
      that if any Interest Period for a Eurocurrency Rate Loan or Money Market Loan
      exceeds three months, the respective dates that fall every three months after
      the beginning of such Interest Period shall also be Interest Payment Dates;
      and
      (b) as to any Base Rate Committed Loan, any Canadian Prime Rate Loan or any
      Swing Line Loan, the last Business Day of each March,
      June, September and December, the Revolving Maturity Date applicable
      to the Borrower of such Loan,
      and, if later than the Revolving Maturity Date, the Maturity Date applicable
      to
      the Borrower of such Loan.

     

    “Interest
      Period”
      means, (a) as to each Eurocurrency Rate Loan, the period commencing on the
      date
      such Loan is disbursed or converted to or continued as a Eurocurrency Rate
      Loan
      and ending on the date one, two, three or six months thereafter, as selected
      by
      the applicable Borrower in its Committed Loan Notice, (b) as to each Money
      Market LIBOR Loan, the period commencing on the date such Loan is disbursed
      and
      ending on the date that is such whole number of months thereafter as the
      applicable Borrower may elect in accordance with Section
      2.3,
      (c) as to each Money Market Absolute Rate Loan, the period commencing on the
      date such Loan is disbursed and ending on the date that is such number of days
      thereafter as the applicable Borrower may elect in accordance with Section
      2.3
      and (d) as to each Swing Line Loan, the period commencing on the date such
      Loan
      is disbursed and ending on the date that is such number of days thereafter
      as
      the applicable Borrower may elect in accordance with Section
      2.16;
      provided
      that:

     

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

     

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

     

    (iii) no
      Interest Period for a Eurocurrency Rate Loan shall extend beyond the Maturity
      Date applicable to such Borrower, and no Interest Period for Money Market Loans
      shall extend beyond the Revolving Maturity Date applicable to such
      Borrower.

     

    Notwithstanding
      the foregoing, a Borrower may select an Interest Period for a Eurocurrency
      Rate
      Loan which would end after the Revolving Maturity Date applicable to such
      Borrower only if it has previously delivered, or delivers concurrently with
      the
      applicable Committed Loan Notice, an election to extend the Maturity Date to
      the
      Term Maturity Date pursuant to Section
      2.13(c).
      

     

    “Invitation
      for Money Market Quotes”
      means an Invitation for Money Market Quotes substantially in the form of
Exhibit
      F
      hereto.

     

    “IRS”
      means the United States Internal Revenue Service.

     

    
      
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    “ITA”
      means the Income
      Tax Act
      (Canada) as amended.

     

    “Laws”
      means, collectively, all federal, state and local statutes, executive orders,
      treaties, rules, guidelines, regulations, ordinances, codes and administrative
      authorities, including the interpretation or administration thereof by any
      Governmental Authority charged with the enforcement, interpretation or
      administration thereof, and all applicable administrative orders of any
      Governmental Authority. 

     

    “Lender”
      has the meaning specified in the introductory paragraph hereto and, as the
      context requires, includes each Swing Line Lender. 

     

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

     

    “LIBOR
      Auction”
      means a solicitation of Money Market Quotes setting forth Money Market Margins
      based on the Eurocurrency Rate pursuant to Section
      2.3.

     

    “Loan”
      means an extension of credit by a Lender to a Borrower under Article
      II
      in the form of a Committed Loan, a Money Market Loan or a Swing Line Loan,
      including a Loan converted to a Term Loan pursuant to Section
      2.13(c).

     

    “Loan
      Documents”
      means this Agreement, each Note, and the Fee Letter.

     

    “Mandatory
      Cost”
      means, with respect to any period, the percentage rate per annum determined
      in
      accordance with Schedule 1.1. 

     

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

    

     

    “Maturity
      Date”
      means, with respect to each Borrower, the Revolving Maturity Date applicable
      to
      such Borrower, or if the Loans made to such Borrower are converted to Term
      Loans
      pursuant to Section
      2.13,
      the Term Maturity Date applicable to such Borrower.

     

    “Money
      Market Absolute Rate”
      has the meaning set forth in Section
      2.3(d)(ii).

     

    “Money
      Market Absolute Rate Loan”
      means a loan denominated in US Dollars to be made by a Lender pursuant to an
      Absolute Rate Auction.

     

    “Money
      Market Borrowing”
      means a borrowing consisting of simultaneous Money Market Loans of the same
      Type
      and, in the case of Money Market LIBOR Loans bearing interest calculated based
      on the Eurocurrency Rate, having the same Interest Period made by a Lender
      pursuant to Section
      2.3.

     

    “Money
      Market LIBOR Loan”
      means a loan denominated in US Dollars to be made by a Lender pursuant to a
      LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant
      to Section
      3.2).

     

    
      
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    “Money
      Market Loan”
      means a Money Market LIBOR Loan or a Money Market Absolute Rate
      Loan.

     

    “Money
      Market Margin”
      has the meaning set forth in Section
      2.3(d)(ii).

     

    “Money
      Market Quote”
      means an offer, substantially in the form of Exhibit
      G
      hereto, by a Lender to make a Money Market Loan in accordance with Section
      2.3.

     

    “Money
      Market Quote Request”
      means a Money Market Quote Request substantially in the form of Exhibit
      E
      hereto.

     

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

     

    “Note”
      or “Notes”
      means a promissory note or promissory notes made by a Borrower in favor of
      a
      Lender evidencing Loans made by such Lender to such Borrower, substantially
      in
      the form of Exhibit
      B.

     

    “Obligations”
      means, with respect to any Borrower, all advances to, and debts, liabilities,
      obligations, covenants and duties of, such Borrower arising under any Loan
      Document or otherwise with respect to any Loan made to such Borrower, whether
      direct or indirect (including those acquired by assumption), absolute or
      contingent, due or to become due, now existing or hereafter arising and
      including interest and fees that accrue after the commencement by or against
      such Borrower of any proceeding under any Debtor Relief Laws naming such
      Borrower as
      the debtor in such proceeding, regardless of whether such interest and fees
      are
      allowed claims in such proceeding.

     

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

     

    “Other
      Taxes”
      means any and all present or future stamp or documentary taxes and any other
      excise or property taxes or charges or similar levies which arise from any
      payment made under any Loan Document or from the execution, delivery,
      performance, enforcement or registration of, or otherwise with respect to,
      any
      Loan Document, excluding
      taxes, charges and levies payable in respect of any Money Market Loan for any
      reason except a Regulatory Change occurring after the date that the Money Market
      Quote for such Money Market Loan was delivered.

     

    
      
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    “Outstanding
      Amount”
      means (i) with respect to Committed Loans and Money Market Loans on any date,
      the aggregate outstanding principal amount or in the case of Bankers’
Acceptances, Drafts and BA Equivalent Notes, Face Amount thereof after giving
      effect to any borrowing and prepayments or repayments of Committed Loans and
      Money Market Loans, as the case may be, occurring on such date; and (ii) with
      respect to Swing Line Loans on any date, the aggregate outstanding principal
      amount thereof after giving effect to any borrowings and prepayments or
      repayments of such Swing Line Loans occurring on such date.

     

    “Overnight
      Rate”
      means, for any day, (a) with respect to any amount denominated in US Dollars,
      the Federal Funds Rate, (b) with respect to any amount denominated in Canadian
      Dollars, an overnight rate determined by the Administrative Agent, the Swing
      Line Agent or Canadian Sub-Agent, as the case may be, in accordance with banking
      industry rules on interbank compensation, and (c) with respect to any amount
      denominated in an Alternative Currency other than Canadian Dollars, the rate
      of
      interest per annum at which overnight deposits in the applicable Alternative
      Currency, in an amount approximately equal to the amount with respect to which
      such rate is being determined, would be offered for such day by a branch or
      Affiliate of Bank of America in the applicable offshore interbank market for
      such currency to major banks in such interbank market. 

     

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

     

    “Participant”
      has the meaning set forth in Section
      9.7(d).

     

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

     

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

     

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

     

    “Platform”
      has the meaning specified in Section
      6.1.

     

    “Pro
      Rata Share”
      means (a) with respect to each Tranche A Lender at any time, a fraction
      (expressed as a percentage, carried out to the ninth decimal place), the
      numerator of which is the amount of the Tranche A Commitment of such Lender
      at
      such time and the denominator of which is the amount of the Aggregate Tranche
      A
      Commitments at such time; provided
      that if the commitment of each Lender to make Loans has been terminated pursuant
      to Section
      7.1
      or if the Tranche A Loans have been converted to Term Loans pursuant to
Section
      2.13(c),
      then the Pro Rata Share of each Tranche A Lender shall be determined based
      on
      the Pro Rata Share of such Lender immediately prior to such termination or
      conversion and after giving effect to any subsequent assignments made pursuant
      to the terms hereof, (b) with respect to each Tranche B Lender at any time,
      a
      fraction (expressed as a percentage, carried out to the ninth decimal place),
      the numerator of which is the amount of the Tranche B Commitment of such Lender
      at such time and the denominator of which is the amount of the Aggregate Tranche
      B Commitments at such time; provided
      that if the commitment of each Lender to make Loans has been terminated pursuant
      to Section
      7.1
      or if the Tranche B Loans have been converted to Term Loans pursuant to
Section
      2.13(c),
      then the Pro Rata Share of each Tranche B Lender shall be determined based
      on
      the Pro Rata Share of such Lender immediately prior to such termination or
      conversion and after giving effect to any subsequent assignments made pursuant
      to the terms hereof, (c) with respect to each Tranche C Lender at any time,
      a
      fraction (expressed as a percentage, carried out to the ninth decimal place),
      the numerator of which is the amount of the Tranche C Commitment of such Lender
      at such time and the denominator of which is the amount of the Aggregate Tranche
      C Commitments at such time; provided
      that if the commitment of each Lender to make Loans has been terminated pursuant
      to Section
      7.1
      or if the Tranche C Loans have been converted to Term Loans pursuant to
Section
      2.13(c),
      then the Pro Rata Share of each Tranche C Lender shall be determined based
      on
      the Pro Rata Share of such Lender immediately prior to such termination or
      conversion and after giving effect to any subsequent assignments made pursuant
      to the terms hereof, (d) with respect to each Tranche D Lender at any time,
      a
      fraction (expressed as a percentage, carried out to the ninth decimal place),
      the numerator of which is the amount of the Tranche D Commitment of such Lender
      at such time and the denominator of which is the amount of the Aggregate Tranche
      D Commitments at such time; provided
      that if the commitment of each Lender to make Loans has been terminated pursuant
      to Section
      7.1
      or if the Tranche D Loans have been converted to Term Loans pursuant to
Section
      2.13(c),
      then the Pro 

     

    

    
      
        
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    Rata
      Share of each Tranche D Lender shall be determined based on the Pro Rata Share
      of such Lender immediately prior to such termination or conversion and after
      giving effect to any subsequent assignments made pursuant to the terms hereof.
      The initial Pro Rata Share of each Lender is set forth opposite the name of
      such
      Lender on Schedule
      2.1
      or in the Assignment and Assumption pursuant to which such Lender becomes a
      party hereto, as applicable, and (e) with respect to the aggregate Commitments
      of all Lenders at any time, a fraction (expressed as a percentage, carried
      out
      to the ninth decimal place), the numerator of which is the amount of such
      Lender’s Commitment Cap and the denominator of which is the aggregate amount of
      the Commitments at such time. 

     

    “Public
      Lender”
      has the meaning specified in Section
      6.1.

     

    “Puerto
      Rico”
      means the Commonwealth of Puerto Rico.

     

    “Puerto
      Rico Code”
      means the Puerto Rico Internal Revenue Code of 1994, as amended and any
      successor statute.

     

    “Register”
      has the meaning set forth in Section
      9.7(c).

     

    “Regulation
      U”
      means Regulation U of the FRB, as in effect from time to time.

     

    “Regulatory
      Change”
      shall mean, with respect to any Lender, the introduction of or any change in
      or
      in the interpretation of any Law, or such Lender’s compliance
      therewith.

     

    
      
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    “Request
      for Loans”
      means (a) with respect to a Borrowing, conversion or continuation of Committed
      Loans, a Committed Loan Notice, (b) with respect to a Money Market Borrowing,
      a
      Notice of Money Market Borrowing (as defined in Section
      2.3(f))
      and (c) with respect to a Swing Line Loan, a Swing Line Loan
      Notice.

     

    “Required
      Lenders”
      means, (a) with respect to matters related solely to the Tranche A Borrowers
      as
      of any date of determination, Lenders having more than 50% of the Aggregate
      Tranche A Commitments or, if the commitment of each Tranche A Lender to make
      Loans has been terminated pursuant to Section
      7.1
      or if the Tranche A Loans have been converted to Term Loans pursuant to
Section
      2.13(c),
      Tranche A Lenders holding in the aggregate more than 50% of the Total
      Outstandings applicable to the Tranche A Borrowers (with the aggregate amount
      of
      each Lender’s risk participation and funded participation in Swing Line Loans
      under Tranche A being deemed “held” by such Lender for purposes of this
      definition); provided
      that the Commitment of, and the portion of the Total Outstandings applicable
      to
      the Tranche A Borrowers held or deemed held by, any Defaulting Lender shall
      be
      excluded for purposes of making a determination of Required Lenders, (b) with
      respect to matters related solely to TCPR as of any date of determination,
      Lenders having more than 50% of the Aggregate Tranche B Commitments or, if
      the
      commitment of each Tranche B Lender to make Loans has been terminated pursuant
      to Section
      7.1
      or if the Tranche B Loans have been converted to Term Loans pursuant to
Section
      2.13(c),
      Tranche B Lenders holding in the aggregate more than 50% of the Total
      Outstandings applicable to TCPR (with the aggregate amount of each Lender’s risk
      participation and funded participation in Swing Line Loans under Tranche B
      being
      deemed “held” by such Lender for purposes of this definition); provided
      that the Commitment of, and the portion
      of the Total Outstandings applicable to TCPR held or deemed held by, any
      Defaulting Lender shall be excluded for purposes of making a determination
      of
      Required Lenders, (c) with respect to matters related solely to TCCI as of
      any
      date of determination, Lenders having more than 50% of the Aggregate Tranche
      C
      Commitments or, if the commitment of each Tranche C Lender to make Loans has
      been terminated pursuant to Section
      7.1
      or if the Tranche C Loans have been converted to Term Loans pursuant to
Section
      2.13(c),
      Tranche C Lenders holding in the aggregate more than 50% of the Total
      Outstandings applicable to TCCI (with the aggregate amount of each Lender’s risk
      participation and funded participation in Swing Line Loans under Tranche C
      being
      deemed “held” by such Lender for purposes of this definition); provided
      that the Commitment of, and the portion of the Total Outstandings applicable
      to
      TCCI held or deemed held by, any Defaulting Lender shall be excluded for
      purposes of making a determination of Required Lenders, (d) with respect to
      matters related solely to TLG as of any date of determination, Lenders having
      more than 50% of the Aggregate Tranche D Commitments or, if the commitment
      of
      each Tranche D Lender to make Loans has been terminated pursuant to Section
      7.1
      or if the Tranche D Loans have been converted to Term Loans pursuant to
Section
      2.13(c),
      Tranche D Lenders holding in the aggregate more than 50% of the Total
      Outstandings applicable to TLG (with the aggregate amount of each Lender’s risk
      participation and funded participation in Swing Line Loans under Tranche D
      being
      deemed “held” by such Lender for purposes of this definition); provided
      that the Commitment of, and the portion of the Total Outstandings applicable
      to
      TLG held or deemed held by, any Defaulting Lender shall be excluded for purposes
      of making a determination of Required Lenders and (e) in all other cases,
      Lenders having more than 50% of the Aggregate Commitments of all Lenders or,
      to
      the extent the Commitments have been terminated or the Loans have been converted
      to Term Loans, more than 50% of the Total Outstandings of all Loans, provided
      that the Commitment of, and the portion of the Total Outstandings held or deemed
      held by, any Defaulting Lender shall be excluded for purposes of making a
      determination of Required Lenders.

     

    “Responsible
      Officer”
      means the chief executive officer, president, chief financial officer, treasurer
      or assistant treasurer of the applicable Borrower as set forth in a written
      notice from such Borrower to the Administrative Agent. The Administrative Agent
      may conclusively rely on each such notice unless and until a subsequent writing
      shall be delivered by a Borrower to the Administrative Agent that identifies
      the
      prior writing that is to be superseded and stating that it is to be so
      superseded. Any document delivered hereunder that is signed by a Responsible
      Officer of a Borrower shall be conclusively presumed to have been authorized
      by
      all necessary corporate action on the part of such Borrower.

     

    “Revaluation
      Date”
      means each of the following: (i) each date of a Borrowing of a Eurocurrency
      Rate
      Loan denominated in an Alternative Currency, (ii) each date of a continuation
      of
      a Eurocurrency Rate Loan denominated in an Alternative Currency pursuant to
      Section 2.02,
      and (iii) such additional dates as the Administrative Agent shall determine
      or
      the Required Lenders shall request. 

     

    “Revolving
      Maturity Date”
      means, with respect to any Borrower, the later of (a) March 26, 2008, and (b)
      if
      maturity is extended upon the request of such Borrower pursuant to Section
      2.13(b),
      such extended revolving maturity date as determined pursuant to such Section;
      provided,
      however,
      that the Revolving Maturity Date of any Lender that is a non-Consenting Lender
      to any 

     

    

    
      
        
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    requested
      extension pursuant to Section
      2.13(b)
      shall be the Revolving Maturity Date in effect immediately prior to the
      applicable Revolving Extension Effective Date for all purposes of this
      Agreement.

     

    “Same
      Day Funds”
      means (a) with respect to disbursements and payments in US Dollars, immediately
      available funds, and (b) with respect to disbursements and payments in an
      Alternative Currency, same day or other funds as may be determined by the
      Administrative Agent to be customary in the place of disbursement or payment
      for
      the settlement of international banking transactions in the relevant Alternative
      Currency.

     

    “Schedule
      I Banks”
      shall mean, at any time, the Lenders
      that are listed in Schedule I to the Bank Act (Canada) at such
      time.

     

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

     

    “Significant
      Subsidiary”
      means any Subsidiary which would meet the definition of “Significant Subsidiary”
contained in Regulation S-X (or similar successor provision) of the Securities
      and Exchange Commission.

     

    “Special
      Notice Currency”
      means at any time an Alternative Currency, other than the currency of a country
      that is a member of the Organization for Economic Cooperation and Development
      at
      such time located in North America or Europe.

     

    “Spot
      Rate”
      for a currency means the rate determined by the Administrative Agent to be
      the
      rate quoted by the Person acting in such capacity as the spot rate for the
      purchase by such Person of such currency with another currency through its
      principal foreign exchange trading office at approximately 11:00 a.m. on the
      date two Business Days prior to the date as of which the foreign exchange
      computation is made; provided that
      the Administrative Agent may obtain such spot rate from another financial
      institution designated by the Administrative Agent if the Person acting in
      such
      capacity does not have as of the date of determination a spot buying rate for
      any such currency. 

     

    “Sterling”
      and “£”
      mean the lawful currency
      of the United Kingdom.

     

    “Sub-Agents”
      means the Canadian Sub-Agent and the Swing Line Agent.

     

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

     

    “Swing
      Line Agent”
      means Bank of America, acting through its London Branch.

     

    “Swing
      Line Borrowing”
      means a borrowing of a Swing Line Loan pursuant to Section
      2.16.

     

    

    
      
        
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    “Swing
      Line Commitment”
      means, as to each Swing Line Lender, its obligation to make Swing Line Loans
      in
      an aggregate principal amount at any one time outstanding not to exceed the
      amount set forth opposite such Lender’s name on Schedule
      2.1
      as its “Swing Line Commitment” or in the Assignment and Assumption pursuant to
      which such Lender becomes a party hereto, as applicable, as such amount may
      be
      adjusted from time to time in accordance with this Agreement.

     

    “Swing
      Line Lenders”
      means each of the Lenders that has a Swing Line Commitment on Schedule 2.1
      hereto, or any successor swing line lender hereunder.

     

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

     

    “Swing
      Line Loan Notice”
      means a notice of a Swing Line Borrowing pursuant to Section
      2.16(b),
      which, if in writing, shall be substantially in the form of Exhibit
      A-2.

     

    “Swing
      Line Rate”
      means, (a) in respect of Swing Line Loans made in US Dollars or any Alternate
      Currency other than Canadian Dollars, for any Interest Period, the sum of (i)
      the rate per annum determined by the Swing Line Agent as the rate of interest
      (rounded upward to the next 1/100th of 1%) at which deposits in the relevant
      currency for delivery on the first day of such Swing Line Loan in Same Day
      Funds
      in the approximate amount of the Swing Line Loan being made by the Swing Line
      Agent (or its affiliate) and with a term equivalent to such Interest Period
      would be offered by Bank of America’s London Branch to major banks in the London
      or other offshore interbank market for such currency at their request at
      approximately 11:00 A.M. (London time) on the first day of such Swing Line
      Loan
      (ii) the Applicable Rate and (iii) the applicable Mandatory Cost and (b) in
      the
      case of Swing Line Loans made in Canadian Dollars, the Canadian Prime
      Rate

     

    “Swing
      Line Sublimit”
      means an amount equal to the least of (a) US$1,000,000,000, (b) the aggregate
      Swing Line Commitments of the Swing Line Lenders and (c) the Aggregate
      Commitments. The Swing Line Sublimit is part of, and not in addition to, the
      Aggregate Commitments.

     

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

     

    “Taxes”
      means, with respect to any payment by a Borrower under this Agreement or any
      other Loan Document, any and all present or future taxes, duties, levies,
      imposts, deductions, assessments, fees, withholdings or similar charges, and
      all
      liabilities with respect thereto, excluding,
      (i) in the case of the Administrative Agent and each Lender, taxes imposed
      on or
      measured by its overall net income, and franchise and similar taxes imposed
      on
      it, by the jurisdiction (or any political subdivision thereof) under the Laws
      of
      which the Administrative Agent or such Lender, as the case may be, is organized
      or where the Administrative Agent’s Office or a Lender’s Lending Office is
      located and (ii) any (1) United States or Puerto Rico withholding tax imposed
      on
      payments by the Tranche A Borrowers or TCPR, respectively, under 

     

    

    
      
        
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    this
      Agreement or any other Loan Document or (2) Canadian withholding tax imposed
      on
      payments by TCCI, under this Agreement or any other Loan Document to a Tranche
      C
      Lender that is subject to such withholding tax (x) with respect to payments
      on a
      Money Market Loan, on the date that such Lender delivers a Money Market Quote
      for such Money Market Loan and (y) with respect to all other payments, on the
      date such Lender becomes a party to this Agreement.

     

    “Term
      Loans”
      of a Borrower means each Loan made to such Borrower that is outstanding on
      the
      date that such Borrower elects to convert such Loans to term Loans in accordance
      with Section
      2.13(c).

     

    “Term
      Maturity Date”
      applicable to a Borrower means the date selected by such Borrower that is no
      later than one year from the Revolving Maturity Date applicable to such Borrower
      upon conversion of the Loans made to such Borrower to Term Loans in accordance
      with Section
      2.13(c).

     

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

     

    “Total
      Outstandings”
      means (i) the aggregate Outstanding Amount of all Loans, (ii) when used in
      relation to the Tranche A Borrowers, the Outstanding Amount of all Loans made
      to
      the Tranche A Borrowers, (iii) when used in relation to TCPR, the Outstanding
      Amount of all Loans made to TCPR, (iv) when used in relation to TCCI, the
      Outstanding Amount of all Loans made to TCCI and (v) when used in relation
      to
      TLG, the Outstanding Amount of all Loans made to TLG.

     

    “Tranche
      A Availability Period”
      means the period from and including the Closing Date to the earliest of (a)
      the
      Revolving Maturity Date applicable to the Tranche A Borrowers, (b) the date
      of
      termination of the Aggregate Tranche A Commitments pursuant to Section
      2.5,
      and (c) the date of termination of the commitment of each Tranche A Lender
      to
      make Loans pursuant to
      Section 7.1.

     

    “Tranche
      A Borrowers”
      means TMFNL, TMCC, TFSUK and TKG.

     

    “Tranche
      A Commitment”
      means, as to each Lender, its obligation to (a) make Committed Loans to the
      Tranche A Borrowers pursuant to Section
      2.1(a)
      and (b) purchase participations in Swing Line Loans, in an aggregate principal
      amount at any one time outstanding not to exceed the amount set forth opposite
      such Lender’s name on Schedule
      2.1
      as its “Tranche A Commitment” or in the Assignment and Assumption pursuant to
      which such Lender becomes a party hereto, as applicable, as such amount may
      be
      adjusted from time to time in accordance with this Agreement.

     

    “Tranche
      A Facility”
      means the aggregate of the Tranche A Commitments.

     

    “Tranche
      A Lender”
      means each Lender that has a Tranche A Commitment on Schedule 2.1 or any Lender
      to which a portion of the Tranche A Commitment hereunder has been assigned
      pursuant to an Assignment and Assumption.

     

    

    
      
        
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    “Tranche
      A Loan”
      means an extension of credit by a Lender to a Tranche A Borrower under
Article
      II
      in the form of a Committed Loan or a Money Market Loan, including a Loan
      converted to a term Loan pursuant to Section
      2.13(c).
      Tranche A Loans shall be denominated in US Dollars or any Alternative
      Currency.

     

    “Tranche
      B Availability Period”
      means the period from and including the Closing Date to the earliest of (a)
      the
      Revolving Maturity Date applicable to TCPR, (b) the date of termination of
      the
      Aggregate Tranche B Commitments pursuant to Section
      2.5,
      and (c) the date of termination of the commitment of each Tranche B Lender
      to
      make Loans pursuant to
      Section 7.1.

     

    “Tranche
      B Commitment”
      means, as to each Lender, its obligation to (a) make Committed Loans to TCPR
      pursuant to Section
      2.1(b)
      and (b) purchase participations in Swing Line Loans, in an aggregate principal
      amount at any one time outstanding not to exceed the amount set forth opposite
      such Lender’s name on Schedule
      2.1
      as its “Tranche B Commitment” or in the Assignment and Assumption pursuant to
      which such Lender becomes a party hereto, as applicable, as such amount may
      be
      adjusted from time to time in accordance with this Agreement.

     

    “Tranche
      B Facility”
      means the aggregate of the Tranche B Commitments.

     

    “Tranche
      B Lender”
      means each Lender that has a Tranche B Commitment on Schedule 2.1 or any Lender
      to which a portion of the Tranche B Commitment hereunder has been assigned
      pursuant to an Assignment and Assumption.

     

    “Tranche
      B Loan”
      means an extension of credit by a Lender to TCPR under Article
      II
      in the form of a Committed Loan or a Money Market Loan, including a Loan
      converted to a term Loan pursuant to Section
      2.13(c).
      Tranche B Loans shall be denominated in US Dollars or any Alternative
      Currency.

     

    “Tranche
      C Availability Period”
      means the period from and including the Closing Date to the earliest of (a)
      the
      Revolving Maturity Date applicable to TCCI, (b) the date of termination of
      the
      Aggregate Tranche C Commitments pursuant to Section
      2.5,
      and (c) the date of termination of the commitment of each Tranche C Lender
      to
      make Loans pursuant to
      Section 7.1.

     

    “Tranche
      C Commitment”
      means, as to each Lender, its obligation to (a) make Committed Loans to TCCI
      pursuant to Section
      2.1(c)
      and (b) purchase participations in Swing Line Loans, in an aggregate principal
      amount at any one time outstanding not to exceed the amount set forth opposite
      such Lender’s name on Schedule
      2.1
      as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to
      which such Lender becomes a party hereto, as applicable, as such amount may
      be
      adjusted from time to time in accordance with this Agreement.

     

    “Tranche
      C Facility”
      means the aggregate of the Tranche C Commitments.

     

    “Tranche
      C Lender”
      means each Lender that has a Tranche C Commitment on Schedule 2.1 or any Lender
      to which a portion of the Tranche C Commitment hereunder has been assigned
      pursuant to an Assignment and Assumption.

     

    

    
      
        
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    “Tranche
      C Loan”
      means an extension of credit by a Lender to TCCI under Article
      II
      and shall, unless the context otherwise requires, be deemed to include Drafts
      accepted or purchased by any such Lender, and BA Equivalent Notes issued to
      such
      Lender in exchange for Drafts, including a Loan converted to a term Loan
      pursuant to Section
      2.13(c).
      Tranche C Loans may be denominated in Canadian Dollars (as Canadian Prime Rate
      Loans, Bankers’ Acceptances, Drafts or BA Equivalent Notes), US Dollars (as Base
      Rate Loans or Eurocurrency Rate Loans) or any Alternative Currency (as
      Eurocurrency Rate Loans).

     

    “Tranche
      D Availability Period”
      means the period from and including the Closing Date to the earliest of (a)
      the
      Revolving Maturity Date applicable to TLG, (b) the date of termination of the
      Aggregate Tranche D Commitments pursuant to Section
      2.5,
      and (c) the date of termination of the commitment of each Tranche D Lender
      to
      make Loans pursuant to
      Section 7.1.

     

    “Tranche
      D Commitment”
      means, as to each Lender, its obligation to (a) make Committed Loans to TLG
      pursuant to Section
      2.1(d)
      and (b) purchase participations in Swing Line Loans, in an aggregate principal
      amount at any one time outstanding not to exceed the amount set forth opposite
      such Lender’s name on Schedule
      2.1
      as its “Tranche D Commitment” or in the Assignment and Assumption pursuant to
      which such Lender becomes a party hereto, as applicable, as such amount may
      be
      adjusted from time to time in accordance with this Agreement.

     

    “Tranche
      D Facility”
      means the aggregate of the Tranche D Commitments.

     

    “Tranche
      D Lender”
      means each Lender that has a Tranche D Commitment on Schedule 2.1 or any Lender
      to which a portion of the Tranche D Commitment hereunder has been assigned
      pursuant to an Assignment and Assumption.

     

    “Tranche
      D Loan”
      means an extension of credit by a Lender to TLG under Article
      II
      in the form of a Committed Loan or a Money Market Loan, including a Loan
      converted to a term Loan pursuant to Section
      2.13(c).
      Tranche D Loans shall be denominated in US Dollars or any Alternative
      Currency.

     

    “Type”
      means, with respect to a Loan, its character as a Base Rate Loan, a Canadian
      Prime Rate Loan, a Eurocurrency Rate Loan, a Money Market LIBOR Loan or a Money
      Market Absolute Rate Loan.

     

    “UK
      Qualifying Lender”
      means a Lender which is (a) beneficially entitled to interest payable to that
      Lender in respect of a Loan to TFSUK and is (i) a Lender: (1) which is a bank
      (as defined for the purpose of section 349 ICTA) making an advance to TFSUK
      under this Agreement; or (2) in respect of an advance made under this Agreement
      to TFSUK by a person that was a bank (as defined for the purpose of section
      349
      ICTA) at the time the advance was made, and which is within the charge to United
      Kingdom corporation tax as regards any payment of interest made in respect
      of
      that advance; or (ii) a Lender which is: (1) a company resident in the United
      Kingdom for United Kingdom tax purposes, (2) a company not so resident in the
      United Kingdom which carries on a trade in the United Kingdom through a
      permanent 

     

    

    
      
        
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    establishment
      and the payment falls to be brought into account in computing its chargeable
      profits (within the meaning given by section 11(2) ICTA); or (iii) a UK Treaty
      Lender or (b) a US LLC Lender.

     

    “UK
      Treaty Lender”
      means a Lender which:

     

    (i) is
      treated as a resident of a jurisdiction having a double taxation agreement
      with
      the  United
      Kingdom which makes provision for full exemption from Tax imposed by the
 United
      Kingdom on interest; and

     

    (ii) does
      not carry on business in the United Kingdom through a permanent establishment
       with
      which that Lender’s participation in respect of a Loan to TFSUK is effectively
 connected;
      and

     

    
      	
              (iii)

            	
              if
                a US Lender, is fully entitled to the benefits of the UK/US Treaty
                (or if
                not so entitled, would have been so entitled but for its failure
                to be so
                fully entitled being attributable to (x) the status of or any action
                or
                omission of TFSUK or any affiliate thereof or to any relationship
                between
                the Lender and TFSUK or any affiliate thereof or (y) any steps taken
                pursuant to Section
                9.16),

            

    

     

    provided
      that “UK Treaty Lender” shall mean any Lender in respect of a Loan to TFSUK, if
      such Lender becomes a Lender when an Event of Default has occurred and is
      continuing. 

     

    “UK/US
      Treaty”
      means the convention between the Government of the United Kingdom of Great
      Britain and Northern Ireland and the Government of the United States of America
      for the avoidance of double taxation and the prevention of fiscal evasion with
      respect to taxes on income and on capital gains which is, on the date the
      relevant payment of interest on a Loan falls due, in force.

     

    “Unfunded
      Liabilities”
      means, with respect to any Plan at any time, the amount (if any) by which (i)
      the value of all benefit liabilities under such Plan, determined on a plan
      termination basis using the assumptions prescribed by the PBGC for purposes
      of
      Section 4044 of ERISA, exceeds (ii) the fair market value of all Plan assets
      allocable to such liabilities under Title IV of ERISA (excluding any accrued
      but
      unpaid contributions), all determined as of the then most recent valuation
      date
      for such Plan, but only to the extent that such excess represents a potential
      liability of a member of the ERISA Group to the PBGC or any other Person under
      Title IV of ERISA.

     

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

     

    “Unused
      Tranche A Commitment”
      means, with respect to any Tranche A Lender at any time (a) such Lender’s
      Tranche A Commitment at such time minus
      (b) the sum of (i) the aggregate principal amount of all Tranche A Loans made
      by
      such Lender and outstanding at such time plus
      (ii) such Lender’s Pro Rata Share of the aggregate principal amount of all Money
      Market Loans made to the Tranche A Borrowers pursuant to Section 2.3 and
      outstanding at such time plus
      (iii) such Lender’s Pro Rata Share of the aggregate principal amount of all
      Swing Line 

     

    

    
      
        
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    Loans
      made to the Tranche A Borrowers pursuant to Section 2.16 and outstanding at
      such
      time plus
      (iv) in the case of a Tranche A Lender that is (or has an Affiliate that is)
      a
      Tranche B Lender, such Tranche B Lender’s Pro Rata Share of the Total
      Outstandings applicable to TCPR in excess of US$200,000,000 plus
      (v) in the case of a Tranche A Lender that is (or has an Affiliate that is)
      a
      Tranche C Lender, such Tranche C Lender’s Pro Rata Share of the Total
      Outstandings applicable to TCCI in excess of US$183,333,333 plus
      (vi) in the case of a Tranche A Lender that is (or has an Affiliate that is)
      a
      Tranche D Lender, such Tranche D Lender’s Pro Rata Share of the Total
      Outstandings applicable to TLG in excess of US$83,333,333, provided,
      that the amounts set forth in clauses (iv), (v) and (vi) shall be decreased
      pro
      rata if the applicable Commitment is decreased as provided in Section 2.5 and
      shall be increased pro rata if the applicable Commitment is increased as
      provided in Section 2.14.

     

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

     

    “US
      Lender”
      means a Lender which is treated as resident (for the purposes of the UK/US
      Treaty) in the United States of America.

     

    “US
      LLC Lender” means
      a Lender in respect of a Loan to TFSUK which is a US limited liability company
      where each ultimate recipient of the interest payable to that Lender would
      be a
      UK Qualifying Lender pursuant to limb (a) of the definition of UK Qualifying
      Lender were that ultimate recipient a Lender in respect of that
      Loan.

     

    Section  1.2
      Other
      Interpretive Provisions.
      With reference to this Agreement and each other Loan Document, unless otherwise
      specified herein or in such other Loan Document:

     

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

     

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

     

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

     

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

     

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

     

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

     

    

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

     

    Section  1.3
      Accounting
      Terms. All
      accounting terms not specifically or completely defined herein shall be
      construed in conformity with, and all financial data required to be submitted
      pursuant to this Agreement shall be prepared in conformity with, GAAP applied
      on
      a consistent basis as in effect from time to time, applied in a manner
      consistent with that used in preparing the Audited Financial
      Statements.

     

    Section  1.4
      References
      to Agreements and Laws. Unless
      otherwise expressly provided herein, (a) references to Organization Documents,
      agreements (including the Loan Documents) and other contractual instruments
      shall be deemed to include all subsequent amendments, restatements, extensions,
      supplements and other modifications thereto; and (b) references to any Law
      shall
      include all statutory and regulatory provisions consolidating, amending,
      replacing, supplementing
      or interpreting such Law.

     

    Section  1.5
      Exchange
      Rates; Currency Equivalents. (a)
      The Administrative Agent shall determine the Spot Rates as of each Revaluation
      Date to be used for calculating Dollar Equivalent amounts of Loan and
      Outstanding Amounts denominated in Alternative Currencies. Such Spot Rates
      shall
      become effective as of such Revaluation Date and shall be the Spot Rates
      employed in converting any amounts between the applicable currencies until
      the
      next Revaluation Date to occur. Except for purposes of financial statements
      delivered by the Borrowers hereunder or calculating financial covenants
      hereunder or except as otherwise provided herein, the applicable amount of
      any
      currency (other than US Dollars) for purposes of the Loan Documents shall be
      such Dollar Equivalent amount as so determined by the Administrative
      Agent.

     

    (b) Wherever
      in this Agreement in connection with a Committed Borrowing, conversion,
      continuation or prepayment of a Eurocurrency Rate Loan, an amount, such as
      a
      required minimum or multiple amount, is expressed in US Dollars, but such
      Committed Borrowing or Eurocurrency Rate Loan is denominated in an Alternative
      Currency, such amount shall be the relevant Alternative Currency Equivalent
      of
      such US Dollar amount (rounded to the nearest unit of such Alternative Currency,
      with 0.5 of a unit being rounded upward), as determined by the Administrative
      Agent.

     

    
      
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    Section  1.6
      Additional
      Alternative Currencies. (a)
      The Borrowers may from time to time request that Eurocurrency Rate Loans be
      made
      in a currency other than those specifically listed in the definition of
“Alternative Currency;” provided
      that such requested currency is a lawful currency (other than US Dollars) that
      is readily available and freely transferable and convertible into US Dollars.
      In
      the case of any such request with respect to the making of Eurocurrency Rate
      Loans, such request shall be subject to the approval of the Administrative
      Agent
      and the Lenders.

     

    (b) Any
      such request shall be made to the Administrative Agent not later than 11:00
      a.m.,
      20 Business Days prior to the date of the desired Committed Loan (or such other
      time or date as may be agreed by the Administrative Agent in its sole
      discretion). In the case of any such request pertaining to Eurocurrency Rate
      Loans, the Administrative Agent shall promptly notify each Lender thereof.
      Each
      Lender (in the case of any such request pertaining to Eurocurrency Rate Loans)
      shall notify the Administrative Agent, not later than 11:00 a.m., ten Business
      Days after receipt of such request whether it consents, in its sole discretion,
      to the making of Eurocurrency Rate Loans in such requested
      currency.

     

    (c) Any
      failure by a Lender to respond to such request within the time period specified
      in the preceding sentence shall be deemed to be a refusal by such Lender to
      permit Eurocurrency Rate Loans to be made in such requested currency. If the
      Administrative Agent and all the Lenders consent to making Eurocurrency Rate
      Loans in such requested currency, the Administrative Agent shall so notify
      the
      Borrowers and such currency shall thereupon be deemed for all purposes to be
      an
      Alternative Currency hereunder for purposes of any Committed Borrowings of
      Eurocurrency Rate Loans. If the Administrative Agent shall fail to obtain
      consent to any request for an additional currency under this Section
      1.6,
      the Administrative Agent shall promptly so notify the Borrowers.

     

    Section
      1.7 Change
      of Currency.
      (a) Each obligation of the Borrowers to make a payment denominated in the
      national currency unit of any member state of the European Union that adopts
      the
      Euro as its lawful currency after the date hereof shall be redenominated into
      Euro at the time of such adoption (in accordance with the EMU Legislation).
      If,
      in relation to the currency of any such member state, the basis of accrual
      of
      interest expressed in this Agreement in respect of that currency shall be
      inconsistent with any convention or practice in the London interbank market
      for
      the basis of accrual of interest in respect of the Euro, such expressed basis
      shall be replaced by such convention or practice with effect from the date
      on
      which such member state adopts the Euro as its lawful currency; provided
      that if any Committed Borrowing in the currency of such member state is
      outstanding immediately prior to such date, such replacement shall take effect,
      with respect to such Committed Borrowing, at the end of the then current
      Interest Period.

     

    (b) Each
      provision of this Agreement shall be subject to such reasonable changes of
      construction as the Administrative Agent may from time to time specify to be
      appropriate to reflect the adoption of the Euro by any member state of the
      European Union and any relevant market conventions or practices relating to
      the
      Euro. 

     

    
      
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    (c) Each
      provision of this Agreement also shall be subject to such reasonable changes
      of
      construction as the Administrative Agent may from time to time specify to be
      appropriate to reflect a change in currency of any other country and any
      relevant market conventions or practices relating to the change in
      currency.

     

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

     

    

    

     

     

    ARTICLE
      II

     

    THE
      CREDITS

     

    Section
      2.1 Committed
      Loans.
      (a) Subject to the terms and conditions set forth herein, each Tranche A Lender
      severally agrees to make loans in US Dollars or in one or more Alternative
      Currencies (each such loan, a “Committed
      Tranche A Loan”)
      to the Tranche A Borrowers from time to time, on any Business Day during the
      Tranche A Availability Period, in an amount not to exceed the amount of such
      Lender’s Unused Tranche A Commitment at such time. Within the limits of each
      Lender’s Unused Tranche A Commitment, and subject to the other terms and
      conditions hereof, the Tranche A Borrowers may borrow under this Section
      2.1(a),
      prepay under Section
      2.4,
      and, unless converted to a Term Loan pursuant to Section
      2.13(c),
      reborrow under this Section
      2.1(a).
      Committed Tranche A Loans may be Base Rate Loans
      or Eurocurrency Rate Loans, as further provided herein. 

     

    (b) Subject
      to the terms and conditions set forth herein, each Tranche B Lender severally
      agrees to make loans in US Dollars or in one or more Alternative Currencies
      (each such loan, a “Committed
      Tranche B Loan”)
      to TCPR from time to time, on any Business Day during the Tranche B Availability
      Period, in an aggregate amount not to exceed at any time outstanding the amount
      of such Lender’s Tranche B Commitment; provided,
      however,
      that after giving effect to any Committed Borrowing made by the Tranche B
      Lenders, (i) the Total Outstandings applicable to TCPR shall not exceed the
      Aggregate Tranche B Commitments, and (ii) the aggregate Outstanding Amount
      of
      the Committed Tranche B Loans of any Tranche B Lender plus
      such Lender’s ratable share of the Outstanding Amount of all Money Market Loans
      made to TCPR plus
      such Lender’s ratable share of the Outstanding Amount of all Swing Line Loans
      made to TCPR shall not exceed such Lender’s Tranche B Commitment. Within the
      limits of each Lender’s Tranche B Commitment, and subject to the other terms and
      conditions hereof, TCPR may borrow under this Section
      2.1(b),
      prepay under Section
      2.4,
      and, unless converted to a Term Loan pursuant to Section
      2.13(c),
      reborrow under this Section
      2.1(b).
      Committed Tranche B Loans may be Base Rate Loans or Eurocurrency Rate Loans,
      as
      further provided herein. 

     

    (c) Subject
      to the terms and conditions set forth herein, each Tranche C Lender severally
      agrees to make loans to TCCI in US Dollars or in one or more Alternative
      Currencies, and (i) in the case of a Tranche C Lender willing and able to accept
      Drafts, to create acceptances (“Bankers’
      Acceptances”)
      by accepting Drafts and to purchase such Bankers’ Acceptances in accordance with
      Section 2.15(a) and (ii) in the case of a Tranche C Lender which is unwilling
      or
      unable to accept Drafts, to purchase completed Drafts, which will not be
      accepted by the Tranche C Lender or any other Tranche C Lender in accordance
      with Section 2.15(a) from time to time, on any Business Day during the Tranche
      C
      Availability Period, in an aggregate amount not to exceed at any time
      outstanding the amount of such Lender’s Tranche C Commitment; provided,
      however,
      that after giving effect to any Committed Borrowing made by the Tranche C
      Lenders, (i) the Total Outstandings applicable to TCCI shall not exceed the
      Aggregate Tranche C 

     

    

    
      
        
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    Commitments,
      and (ii) the aggregate Outstanding Amount of the Committed Tranche C Loans
      of
      any Tranche C Lender plus
      such Lender’s ratable share of the Outstanding Amount of all Swing Line Loans
      made to TCCI shall not exceed such Lender’s Tranche C Commitment. Within the
      limits of each Lender’s Tranche C Commitment, and subject to the other terms and
      conditions hereof, TCCI may borrow under this Section
      2.1(c),
      prepay under Section
      2.4,
      and, unless converted to a Term Loan pursuant to Section
      2.13(c),
      reborrow under this Section
      2.1(c).
      Committed Tranche C Loans may be Base Rate Loans, Eurocurrency Rate Loans,
      Canadian Prime Rate Loans, Bankers’ Acceptances or BA Equivalent Notes, as
      further provided herein. 

     

    (d) Subject
      to the terms and conditions set forth herein, each Tranche D Lender severally
      agrees to make loans in US Dollars or in one or more Alternative Currencies
      (each such loan, a “Committed
      Tranche D Loan”)
      to TLG from time to time, on any Business Day during the Tranche D Availability
      Period, in an aggregate amount not to exceed at any time outstanding the amount
      of such Lender’s Tranche D Commitment; provided,
      however,
      that after giving effect to any Committed Borrowing made by the Tranche D
      Lenders, (i) the Total Outstandings applicable to TLG shall not exceed the
      Aggregate Tranche D Commitments, and (ii) the aggregate Outstanding Amount
      of
      the Committed Tranche D Loans of any Tranche D Lender plus
      such Lender’s ratable share of the Outstanding Amount of all Money Market Loans
      made to TLG plus
      such Lender’s ratable share of the Outstanding Amount of all Swing Line Loans
      made to TLG shall not exceed such Lender’s Tranche D Commitment. Within the
      limits of each Lender’s Tranche D Commitment, and subject to the other terms and
      conditions hereof, TLG may borrow under this Section
      2.1(d),
      prepay under Section
      2.4,
      and, unless converted to a Term Loan pursuant to Section
      2.13(c),
      reborrow under this Section
      2.1(d).
      Committed Tranche D Loans may be Base Rate Loans or Eurocurrency Rate Loans,
      as
      further provided herein. 

     

    (e) After
      giving effect to Committed Loans made pursuant to this Section 2.1, the
      aggregate Outstanding Amount of all Loans (other than Money Market Loans) made
      by such Lender or its Affiliates shall not exceed such Lender’s Commitment
      Cap.

     

    Section
      2.2 Borrowings,
      Conversions and Continuations of Committed Loans.

     

    (a) Each
      Committed Borrowing, each conversion of Committed Loans from one Type to the
      other, and each continuation of Eurocurrency Rate Loans shall be made upon
      the
      applicable Borrower’s irrevocable notice to the Administrative Agent (or
      Canadian Sub-Agent, in the case of Tranche C), which may be given by telephone.
      Each such notice must be received by the Administrative Agent or the Canadian
      Sub-Agent, as applicable, not later than 10:00 a.m. (Pacific time), (i) three
      Business Days prior to the requested date of any Borrowing of, conversion to
      or
      continuation of Eurocurrency Rate Loans denominated in US Dollars or of any
      conversion of Eurocurrency Rate Loans denominated in US Dollars to Base Rate
      Loans, (ii) four Business Days (or five Business Days in the case of a
      Special Notice Currency) prior
      to the requested date of any Borrowing or continuation of Eurocurrency Rate
      Loans denominated in Alternative Currencies, (iii) on the requested date of
      any Borrowing of or conversion of Eurocurrency Rate Loans to Base Rate Committed
      Loans, (iv) on the requested date of any Borrowing of Canadian Prime Rate Loans
      and (v) as set forth in Section
      2.15(a)
      for Bankers’ Acceptances or BA Equivalent Notes.
      Each telephonic notice by a Borrower pursuant to this 

     

    

    
      
        
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    Section
      2.2(a)
      must be confirmed promptly by delivery to the Administrative Agent or Canadian
      Sub-Agent, as applicable, of a written Committed Loan Notice, appropriately
      completed and signed by a Responsible Officer or any other Person designated
      in
      writing by a Responsible Officer of such Borrower to the Administrative Agent
      or
      Canadian Sub-Agent, as applicable. Except as otherwise provided in Section
      2.15(a),
      each Borrowing of, conversion to or continuation of Loans shall be (x) for
      Loans
      other than Tranche C Loans denominated in Canadian Dollars, in a principal
      amount of US$50,000,000 or a whole multiple of US$5,000,000 in excess thereof
      (or the Dollar Equivalent thereof);
      provided
      that, in the case of TMFNL, such amount shall not be less than the Dollar
      Equivalent of EUR 50,000 or (y) for Tranche C Loans denominated in Canadian
      Dollars, in a principal amount of CDN$5,000,000 or integral multiples of
      CDN$1,000,000 in excess thereof. Each Committed Loan Notice (whether telephonic
      or written) shall specify (i) whether the applicable Borrower is requesting
      a
      Committed Borrowing, a conversion of Committed Loans from one Type to the other,
      or a continuation of Eurocurrency Rate Loans, (ii) the requested date of the
      Borrowing, conversion or continuation, as the case may be (which shall be a
      Business Day), (iii) the principal amount of Committed Loans to be borrowed,
      converted or continued, (iv) the Type of Committed Loans to be borrowed or
      to
      which existing Committed Loans are to be converted,
      (v) if applicable, the duration of the Interest Period with respect thereto
      and (vi) the currency of the Committed Loans to be borrowed.
      If
      any Borrower fails to specify a currency in a Committed Loan Notice requesting
      a
      Borrowing, then the Committed Loans so requested shall be made in US Dollars.
      If
any
      Borrower fails to specify a Type of Committed Loan in a Committed Loan Notice
      or
      if such Borrower fails to give a timely notice requesting a conversion or
      continuation, then the applicable Committed Loans shall be made as, or converted
      to, (x) in the case of Loans denominated in Canadian Dollars, Canadian Prime
      Rate Loans or (y) in the case of Loans denominated in a currency other than
      Canadian Dollars, Base Rate Loans
      in an amount being the Dollar Equivalent of such Loans; provided,
      however,
      that in the case of a failure to timely request a continuation of Committed
      Loans denominated in an Alternative Currency other than Canadian Dollars, such
      Loans shall be continued as Eurocurrency Rate Loans in their original currency
      with an Interest Period of one month. Any such
      automatic conversion to Base Rate Loans shall be effective as of the last day
      of
      the Interest Period then in effect with respect to the applicable Eurocurrency
      Rate Loans. If the applicable Borrower requests a Borrowing of, conversion
      to,
      or continuation of Eurocurrency Rate Loans in any such Committed Loan Notice,
      but fails to specify an Interest Period, it will be deemed to have specified
      an
      Interest Period of one month.
      No Committed Loan may be converted into or continued as a Committed Loan
      denominated in a different currency, but instead must be prepaid in the original
      currency of such Committed Loan and reborrowed in the other currency.

     

    (b) Following
      receipt of a Committed Loan Notice, the Administrative Agent shall promptly
      notify each appropriate Lender of the contents thereof and the amount
      (and currency) of its Pro Rata Share of the applicable Committed Loans, and
      if
      no timely notice of a conversion or continuation is provided by the applicable
      Borrower, the Administrative Agent shall notify each appropriate Lender of
      the
      details of any automatic conversion to Base Rate Loans or continuation of
      Committed Loans denominated in a currency other than US Dollars, in each case
      as
      described in the preceding subsection. In the case of a Committed Borrowing,
      each appropriate Tranche A Lender, Tranche B Lender and Tranche D Lender shall
      make the amount of its Committed Loan available to the Administrative Agent,
      and
      each appropriate Tranche C 

     

    

    
      
        
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    Lender
      shall make the amount of its Committed Loan available to the Canadian Sub-Agent,
      in Same Day Funds at the Administrative Agent’s
      Office for the applicable currency or the office of the Canadian Sub-Agent
      located in Toronto, Canada, as the case may be, not later than 1:00 p.m. on
      the
      Business Day specified, in the case of any Committed Loan denominated in US
      Dollars, and not later than the Applicable Time specified by the Administrative
      Agent in the case of any Committed Loan in an Alternative Currency, in the
      applicable Committed Loan Notice. Upon satisfaction of the applicable conditions
      set forth in Section
      4.2,
      the Administrative Agent or the Canadian Sub-Agent, as the case may be, shall
      make all funds so received available to the applicable Borrower in like funds
      as
      received by the Administrative Agent or the Canadian Sub-Agent either by (i)
      crediting the account of such Borrower on the books of Bank of America with
      the
      amount of such funds or (ii) wire transfer of such funds, in each case in
      accordance with instructions provided to (and reasonably acceptable to) the
      Administrative Agent or the Canadian Sub-Agent by such Borrower.

     

    (c) Except
      as otherwise provided herein, a Eurocurrency Rate Loan may be continued or
      converted only on the last day of an Interest Period for such Eurocurrency
      Rate
      Loan. During the existence of an Event of Default, no Loans may be requested
      as,
      converted to or continued as Eurocurrency Rate Loans (whether in US Dollars
      or
      any Alternative Currency) without the consent of the applicable Required
      Lenders, and the Required Lenders may demand that any or all of the then
      outstanding Eurocurrency Rate Loans denominated in an Alternative Currency
      be
      prepaid, or redenominated into US Dollars in the amount of the Dollar Equivalent
      thereof, on the last day of the then current Interest Period with respect
      thereto.

     

    (d) The
      Administrative Agent shall promptly notify the applicable Borrower and the
      appropriate Lenders of the interest rate applicable to any Interest Period
      for
      Eurocurrency Rate Loans upon determination of such interest rate. The
      determination of the Eurocurrency Rate by the Administrative Agent shall be
      conclusive in the absence of manifest error. At any time that Base Rate Loans
      are outstanding, the Administrative Agent shall notify the applicable Borrower
      and the appropriate Lenders of any change in Bank of America’s prime rate used
      in determining the Base Rate promptly following the public announcement of
      such
      change. At any time that Canadian Prime Rate Loans are outstanding, the Canadian
      Sub-Agent shall notify TCCI and the Tranche C Lenders of any change in the
      Canadian Prime Rate promptly following the public announcement of a change
      in a
      Canadian Reference Bank’s “prime rate” by any Canadian Reference
      Bank.

     

    (e) After
      giving effect to all Committed Borrowings, all conversions of Committed Loans
      from one Type to the other, and all continuations of Committed Loans as the
      same
      Type, there shall not be more than fifteen (15) Interest Periods in effect
      with
      respect to Committed Loans.

     

    Section 2.3
      Money
      Market Loans.

     

    (a) In
      addition to Committed Loans pursuant to Section
      2.1,
      the Tranche A Borrowers, TCPR or TLG may, as set forth in this Section, request
      the appropriate Lenders during the Tranche A Availability Period, the Tranche
      B
      Availability Period or the Tranche D Availability Period, as applicable, to
      make
      offers to make Money Market Loans in US Dollars to 

     

    

    
      
        
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    such
      Borrower; provided,
      however,
      that after giving effect to any Money Market Borrowing (i) the Total
      Outstandings applicable to the Tranche A Borrowers shall not exceed the
      Aggregate Tranche A Commitments, (ii) the Total Outstandings applicable to
      TCPR
      shall not exceed the Aggregate Tranche B Commitments and (iii) the Total
      Outstandings applicable to TLG shall not exceed the Aggregate Tranche D
      Commitments. The Lenders may, but shall have no obligation to, make such offers
      and the applicable Borrower may, but shall have no obligation to, accept any
      such offers in the manner set forth in this Section.

     

    (b) When
      any Tranche A Borrower, TCPR or TLG wishes to request offers to make Money
      Market Loans under this Section, it shall transmit to the Administrative Agent
      by facsimile transmission a Money Market Quote Request, appropriately completed
      and signed by a Responsible Officer or any other Person designated in writing
      by
      a Responsible Officer of such Borrower to the Administrative Agent, so as to
      be
      received no later than 9:00 a.m. on (x) the fourth Business Day prior to the
      date of Borrowing proposed therein, in the case of a LIBOR Auction or (y) the
      Business Day next preceding the date of Borrowing proposed therein, in the
      case
      of an Absolute Rate Auction (or, in either case, such other time or date as
      such
      Borrower and the Administrative Agent shall have mutually agreed and shall
      have
      notified to the Lenders not later than the date of the Money Market Quote
      Request for the first LIBOR Auction or Absolute Rate Auction for which such
      change is to be effective) specifying: (i) the proposed date of Borrowing,
      which
      shall be a Business Day, (ii) the aggregate amount of such Borrowing, which
      shall be US$50,000,000 or a larger multiple of US$5,000,000 (provided
      that, in the case of TMFNL, the aggregate amount of such Borrowing shall not
      be
      less than the Dollar Equivalent of EUR 50,000),
      (iii) the duration of the Interest Period applicable thereto, subject to the
      provisions of the definition of Interest Period, and (iv) whether the Money
      Market Quotes requested are to set forth a Money Market Margin or a Money Market
      Absolute Rate. The applicable Borrower may request offers to make Money Market
      Loans for more than one Interest Period in a single Money Market Quote Request.
      No Money Market Quote Request shall be given within five Business Days (or
      such
      other number of days as such Borrower and the Administrative Agent may agree)
      of
      any other Money Market Quote Request.

     

    (c) Promptly
      upon receipt of a Money Market Quote Request, the Administrative Agent shall
      send to the appropriate Lenders by facsimile transmission an Invitation for
      Money Market Quotes, which shall constitute an invitation by the applicable
      Tranche A Borrower, TCPR or TLG, as applicable, to each Lender to submit Money
      Market Quotes offering to make the Money Market Loans to which such Money Market
      Quote Request relates in accordance with this Section.

     

    (d) (i)
       Each
      Tranche A Lender may submit a Money Market Quote containing an offer or offers
      to make Money Market Loans in response to any Invitation for Money Market Quotes
      made by a Tranche A Borrower, each Tranche B Lender may submit a Money Market
      Quote containing an offer or offers to make Money Market Loans in response
      to
      any Invitation for Money Market Quotes made by TCPR and each Tranche D Lender
      may submit a Money Market Quote containing an offer or offers to make Money
      Market Loans in response to any Invitation for Money Market Quotes made by
      TLG.
      Each Money Market Quote must comply with the requirements of this subsection
      (d)
      and must be submitted to the Administrative Agent by facsimile transmission
      at
      the 

     

    

    
      
        
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    Administrative
      Agent’s Office not later than (x) 1:00 p.m. on the fourth Business Day prior to
      the proposed date of Borrowing, in the case of a LIBOR Auction or (y) 9:00
      a.m.
      on the proposed date of Borrowing, in the case of an Absolute Rate Auction
      (or,
      in either case, such other time or date as such Tranche A Borrower, TCPR or
      TLG,
      as applicable, and the Administrative Agent shall have mutually agreed and
      shall
      have notified to the Lenders not later than the date of the Money Market Quote
      Request for the first LIBOR Auction or Absolute Rate Auction for which such
      change is to be effective); provided that Money Market Quotes submitted by
      the
      Administrative Agent (or any Affiliate of the Administrative Agent) in the
      capacity of a Lender may be submitted, and may only be submitted, if the
      Administrative Agent or such Affiliate notifies such Borrower of the terms
      of
      the offer or offers contained therein not later than 15 minutes prior to the
      deadline for the other Lenders. Subject to Articles
      IV
      and VII,
      any Money Market Quote so made shall be irrevocable except with the written
      consent of the Administrative Agent given on the instructions of such Tranche
      A
      Borrower, TCPR or TLG, as applicable.

     

    (ii) Each
      Money Market Quote shall specify (A) the proposed date of Borrowing; (B) the
      principal amount of the Money Market Loan for which each such offer is being
      made, which principal amount (w) may be greater than or less than the Commitment
      of the quoting Lender, (x) must be US$5,000,000 or a larger multiple of
      US$l,000,000, (y) may not exceed the principal amount of Money Market Loans
      for
      which offers were requested and (z) may be subject to an aggregate limitation
      as
      to the principal amount of Money Market Loans for which offers being made by
      such quoting Lender may be accepted; (C) in the case of a LIBOR Auction, the
      margin above or below the applicable Eurocurrency Rate (the “Money
      Market Margin”)
      offered for each such Money Market Loan, expressed as a percentage (specified
      to
      the nearest 1/10,000th of 1%) to be added to or subtracted from such base rate;
      (D) in the case of an Absolute Rate Auction, the rate of interest per annum
      (specified to the nearest 1/10,000th of 1%) (the “Money
      Market Absolute Rate”)
      offered for each such Money Market Loan; and (E) the identity of the quoting
      Lender. A Money Market Quote may set forth up to five separate offers by the
      quoting Lender with respect to each Interest Period specified in the related
      Invitation for Money Market Quotes.

     

    (iii) Any
      Money Market Quote shall be disregarded if it (A) is not substantially in
      conformity with the definition thereof or does not specify all of the
      information required by subsection (d)(ii); (B) contains qualifying, conditional
      or similar language; (C) proposes terms other than or in addition to those
      set
      forth in the applicable Invitation for Money Market Quotes; or (D) arrives
      after
      the time set forth in subsection (d)(i).

     

    (e) The
      Administrative Agent shall promptly notify the applicable Tranche A Borrower,
      TCPR or TLG, as applicable, of the terms (i) of any Money Market Quote submitted
      by a Lender that is in accordance with subsection (d) and (ii) of any Money
      Market Quote that amends, modifies or is otherwise inconsistent with a previous
      Money Market Quote submitted by such Lender with respect to the same Money
      Market Quote Request. Any such subsequent Money Market Quote shall be
      disregarded by the Administrative Agent unless such subsequent Money Market
      Quote is submitted solely to correct a manifest error in such former Money
      Market Quote. The Administrative Agent’s notice to the applicable Borrower shall
      specify (i) 

     

    

    
      
        
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    the
      aggregate principal amount of Money Market Loans for which offers have been
      received for each Interest Period specified in the related Money Market Quote
      Request, (ii) the respective principal amounts and Money Market Margins or
      Money
      Market Absolute Rates, as the case may be, so offered and (iii) if applicable,
      limitations on the aggregate principal amount of Money Market Loans for which
      offers in any single Money Market Quote may be accepted.

     

    (f) Not
      later than 9:00 a.m. on the third Business Day prior to the proposed date of
      Borrowing of Money Market LIBOR Loans or 10:00 a.m. on the Business Day of
      the
      proposed date of Borrowing of Money Market Absolute Rate Loans (or such other
      time or date as the applicable Borrower and the Administrative Agent shall
      have
      mutually agreed and shall have notified to the Lenders not later than the date
      of the Money Market Quote Request for the first LIBOR Auction or Absolute Rate
      Auction for which such change is to be effective), the applicable Tranche A
      Borrower, TCPR or TLG, as applicable, shall notify the Administrative Agent
      of
      its acceptance or non-acceptance of the offers so notified to it pursuant to
      subsection (e). In the case of acceptance, such notice (a “Notice
      of Money Market Borrowing”)
      shall specify the aggregate principal amount of offers for each Interest Period
      that are accepted. The applicable Borrower may accept any Money Market Quote
      in
      whole or in part; provided that (i) the aggregate principal amount of each
      Money
      Market Borrowing may not exceed the applicable amount set forth in the related
      Money Market Quote Request; (ii) the principal amount of each Money Market
      Borrowing must be US$50,000,000 or a larger multiple of US$5,000,000
      (provided
      that, in the case of TMFNL, the aggregate amount of such Borrowing shall not
      be
      less than the Dollar Equivalent of EUR 50,000);
      and (iii) acceptance of offers may only be made on the basis of ascending Money
      Market Margins or Money Market Absolute Rates, as the case may be.

     

    (g) If
      offers are made by two or more Lenders with the same Money Market Margins or
      Money Market Absolute Rates, as the case may be, for a greater aggregate
      principal amount than the amount in respect of which such offers are accepted
      for the related Interest Period, the principal amount of Money Market Loans
      in
      respect of which such offers are accepted shall be allocated by the
      Administrative Agent among such Lenders as nearly as possible (in multiples
      of
      US$1,000,000, as the Administrative Agent may deem appropriate) in proportion
      to
      the aggregate principal amounts of such offers. Determinations by the
      Administrative Agent of the amounts of Money Market Loans shall be conclusive
      in
      the absence of manifest error.

     

    Section
      2.4 Prepayments.

     

    (a) The
      Tranche A Borrowers, TCPR and TLG may, upon notice to the Administrative Agent,
      and TCCI may, upon notice to the Canadian Sub-Agent, at any time or from time
      to
      time voluntarily prepay Committed Loans (other than Bankers’ Acceptances, Drafts
      and BA Equivalent Notes) or Money Market Loans made to it bearing interest
      at
      the Base Rate in whole or in part without premium or penalty; provided
      that (i) such notice must be received by the Administrative Agent or the
      Canadian Sub-Agent, as applicable, not later than 10:00 a.m. (Pacific time),
      (A)
      three Business Days prior to any date of prepayment of Eurocurrency Rate Loans
      denominated in US Dollars, (B) four Business Days (or five, in the case of
      prepayment of Loans denominated in Special Notice Currencies) prior to any
      date
      of prepayment of Eurocurrency Rate Loans denominated in Alternative Currencies,
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    prepayment
      of Base Rate or the Canadian Prime Rate Committed Loans or Money Market Loans
      bearing interest at the Base Rate pursuant to Section
      3.2;
      (ii) any prepayment of Loans other than Tranche C Loans denominated in Canadian
      Dollars shall be in a principal amount of US$50,000,000 or a whole multiple
      of
      US$1,000,000 in excess thereof; and (iii) any prepayment of Tranche C Loans
      denominated in Canadian Dollars shall be in a principal amount of CDN$5,000,000
      or a whole multiple of CDN$500,000 in excess thereof. Except as provided in
      the
      preceding sentence, a Borrower may not prepay all or any portion of the
      principal amount of any Money Market Loan made to it prior to the last day
      of
      the Interest Period therefor. Each such notice shall specify the date and amount
      of such prepayment, whether the Loans to be prepaid are Committed Loans or
      Money
      Market Loans, and the Type(s) of Loans to be prepaid. The Administrative Agent
      or the Canadian Sub-Agent, as the case may be, will promptly notify each
      appropriate Lender of its receipt of each such notice and the contents thereof
      with respect to Committed Loans, and of the amount of such Lender’s
      Pro Rata Share of such prepayment of such Committed Loans. The Administrative
      Agent will promptly notify each Lender that has made a Money Market Loan that
      is
      to be prepaid of the receipt by the Administrative Agent of each notice and
      the
      contents thereof with respect to such Money Market Loan and the contents thereof
      and of the amount of such prepayment of such Money Market Loan. If such notice
      is given by a Borrower, such Borrower shall make such prepayment and the payment
      amount specified in such notice shall be due and payable on the date specified
      therein. Any prepayment of a Eurocurrency Rate Loan shall be accompanied by
      all
      accrued interest thereon, together with any additional amounts required pursuant
      to Section
      3.5.
      Each such prepayment of Committed Loans shall be applied to the Committed Loans
      of the appropriate Lenders in accordance with their respective Pro Rata Shares.
      Each such prepayment of Money Market Loans shall be applied ratably to the
      Money
      Market Loans of the Lenders that made such Loans. 

     

    (b) (i)
      If for any reason the Total Outstandings applicable to the Tranche A Borrowers
      at any time exceed the Aggregate Tranche A Commitments then in effect, the
      Tranche A Borrowers shall immediately prepay Loans in an aggregate amount equal
      to such excess.
      (ii) If for any reason the Total Outstandings applicable to TCPR at any time
      exceed the Aggregate Tranche B Commitments then in effect, TCPR shall
      immediately prepay Loans in an aggregate amount equal to such excess. (iii)
      If
      for any reason the Total Outstandings applicable to TCCI at any time exceed
      the
      Aggregate Tranche C Commitments then in effect, TCCI shall (x) immediately
      prepay Loans in an aggregate amount equal to such excess and
      (y) to the extent necessary after TCCI has made all prepayments required
      pursuant to clause (x), cash collateralize the outstanding Bankers’ Acceptances,
      Drafts and BA Equivalent Notes in accordance with Section 2.15(n) in any
      aggregate amount sufficient to eliminate such excess. (iv)
      If for any reason the Total Outstandings applicable to TLG at any time exceed
      the Aggregate Tranche D Commitments then in effect, TLG shall immediately prepay
      Loans in an aggregate amount equal to such excess. 

     

    (c) Any
      Borrower may, upon notice to the Swing Line Agent (with a copy to the
      Administrative Agent), at any time or from time to time, voluntarily prepay
      Swing Line Loans made to it in whole or in part without premium or penalty;
      provided
      that (i) such notice must be received by the Swing Line Agent and the
      Administrative Agent not later than 10:00 a.m. (London, England time) in
      the case of any Swing Line Loans funded in Europe or 10:00 a.m. (Pacific time)
      in the case of any Swing Line Loans funded in North America on the date of
      the

     

    

    
      
        
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    prepayment,
      and (ii) any such prepayment shall be in a minimum principal amount of
      US$1,000,000. Each such notice shall specify the date and amount of such
      prepayment. If such notice is given by the applicable Borrower, such Borrower
      shall make such prepayment and the payment amount specified in such notice
      shall
      be due and payable on the date specified therein.

     

    (d) If
      the Administrative Agent notifies at any time (i) the Tranche A Borrowers that
      the Total Outstandings under the Tranche A Facility at such time exceed an
      amount equal to 105% of the Aggregate Commitments then in effect in respect
      of
      Tranche A, (ii) TCPR that the Total Outstandings under the Tranche B Facility
      at
      such time exceed an amount equal to 105% of the Aggregate Commitments then
      in
      effect in respect of Tranche B, (iii) TCCI that the Total Outstandings under
      the
      Tranche C Facility at such time exceed an amount equal to 105% of the Aggregate
      Commitments then in effect in respect of Tranche C, or (iv) TLG that the Total
      Outstandings under the Tranche D Facility at such time exceed an amount equal
      to
      105% of the Aggregate Commitments then in effect in respect of Tranche D, then
      in each case, within two Business Days after receipt of such notice, the
      applicable Borrower(s) shall prepay Loans and in an aggregate amount sufficient
      to reduce such Outstanding Amount as of such date of payment to an amount not
      to
      exceed 100% of the Aggregate Commitments then in effect in respect of such
      Tranche.

     

    (e) If
      at any time Section
      2.4(d)
      does not apply to any Tranche, and the Administrative Agent notifies the
      Borrowers that the aggregate of a Lender’s Tranche A Loans, Tranche B Loans,
      Tranche C Loans and Tranche D Loans plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
      exceeds such Lender’s Commitment Cap, then within two Business Days after
      receipt of such notice, then (i) the Tranche A Borrowers shall prepay Tranche
      A
      Loans in an aggregate amount sufficient to reduce the aggregate of such Lender’s
      Tranche A Loans, Tranche B Loans, Tranche C Loans and Tranche D Loans
plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
      to an amount not to exceed 100% of such Lender’s Commitment Cap then in effect,
      (ii) TCPR shall prepay Tranche B Loans in an aggregate amount sufficient to
      reduce the aggregate of such Lender’s Tranche A Loans, Tranche B Loans, Tranche
      C Loans and Tranche D Loans plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
      to an amount not to exceed 100% of such Lender’s Commitment Cap then in effect,
      (iii) TCCI shall prepay Tranche C Loans in an aggregate amount sufficient to
      reduce the aggregate of such Lender’s Tranche A Loans, Tranche B Loans, Tranche
      C Loans and Tranche D Loans plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
      to an amount not to exceed 100% of such Lender’s Commitment Cap then in effect
      and (iv) TLG shall prepay Tranche D Loans in an aggregate amount sufficient
      to
      reduce the aggregate of such Lender’s Tranche A Loans, Tranche B Loans, Tranche
      C Loans and Tranche D Loans plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans;
      provided that each Borrower shall be deemed to have met its obligations under
      this Section 2.4(e) once the aggregate amount of such Lender’s Tranche A Loans,
      Tranche B Loans, Tranche C Loans and Tranche D Loans plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
      has been reduced to an amount not greater than 100% of such Lender’s Commitment
      Cap then in effect.

     

    Section
      2.5 Termination
      or Reduction of Commitments.
      The Tranche A Borrowers may, upon notice to the 

     

    

    
      
        
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    Administrative
      Agent, terminate the Aggregate Tranche A Commitments, or from time to time
      permanently reduce the Aggregate Tranche A Commitments; TCPR may, upon notice
      to
      the Administrative Agent, terminate the Aggregate Tranche B Commitments, or
      from
      time to time permanently reduce the Aggregate Tranche B Commitments; TCCI may,
      upon notice to the Canadian Sub-Agent and the Administrative Agent, terminate
      the Aggregate Tranche C Commitments, or from time to time permanently reduce
      the
      Aggregate Tranche C Commitments; and TLG may, upon notice to the Administrative
      Agent, terminate the Aggregate Tranche D Commitments, or from time to time
      permanently reduce the Aggregate Tranche D Commitments; provided
      that (i) any such notice shall be received by the Administrative Agent or the
      Canadian Sub-Agent, as applicable, not later than 10:00 a.m. (Pacific time),
      three Business Days prior to the date of termination or reduction, (ii) any
      such
      partial reduction shall be in an aggregate amount of US$25,000,000 or any whole
      multiple of US$5,000,000 in excess thereof, (iii) such Borrower shall not
      terminate or reduce such Aggregate Commitments if, after giving effect thereto
      and to any concurrent prepayments hereunder, the Total Outstandings applicable
      to such Borrower would exceed the Aggregate Commitments applicable to such
      Borrower, and (iv) if, after giving effect to any reduction of the Aggregate
      Commitments, the Swing Line Sublimit exceeds the amount of the Aggregate
      Commitments, such Sublimit shall be automatically reduced by the amount of
      such
      excess. The Administrative Agent will promptly notify the Lenders of any such
      notice of termination or reduction of the Aggregate Commitments. Any reduction
      of the Aggregate Commitments shall be applied to the applicable Commitment
      of
      each appropriate Lender according to its Pro Rata Share. All facility fees
      accrued for the account of the applicable Borrower until the effective date
      of
      any termination of the applicable Aggregate Commitments shall be paid on the
      effective date of such termination.

     

    Section
      2.6 Repayment
      of Loans.

     

    (a) Each
      Borrower shall repay to the Administrative Agent for the account of the Lenders
      on the Maturity Date applicable to such Borrower the aggregate principal amount
      of Loans made to it and outstanding on such date. 

     

    (b) Each
      Borrower shall repay each Money Market Loan made to it on the earlier to occur
      of (i) the last day of the Interest Period therefor and (ii) the Revolving
      Maturity Date applicable to such Borrower.

     

    (c) Each
      Borrower shall repay each Swing Line Loan made to it on the earlier to occur
      of
      (i) the date ten Business Days after such Loan is made and (ii) the Revolving
      Maturity Date applicable to such Borrower.

     

    Section
      2.7 Interest.

     

    (a) Subject
      to the provisions of subsection (b) below, (i) subject to Section
      3.2,
      each Eurocurrency Rate Loan shall bear interest on the outstanding principal
      amount thereof for each Interest Period at a rate per annum equal to the
      Eurocurrency Rate for such Interest Period plus
      the Applicable Rate plus
      in the case of a Eurocurrency Rate Loan of any Lender which is lent from a
      Lending Office in the United Kingdom or a Participating Member State, the
      Mandatory Cost; (ii) each Base Rate Committed Loan shall bear interest on the
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    thereof
      from the applicable borrowing date at a rate per annum equal to the Base Rate
      plus
      the Applicable Rate; (iii) each Canadian Prime Rate Loan shall bear interest
      on
      the outstanding principal amount thereof from the applicable borrowing date
      at a
      rate per annum equal to the Canadian Prime Rate plus
      the Applicable Rate; (iv) each Swing Line Loan shall bear interest on the
      outstanding principal amount thereof from the applicable borrowing date at
      a
      rate per annum equal to the Swing Line Rate; (v) subject to Section
      3.2,
      each Money Market LIBOR Loan shall bear interest on the outstanding principal
      amount thereof for the Interest Period applicable thereto at a rate per annum
      equal to the sum of the Eurocurrency Rate for such Interest Period plus
      or
      minus
      the Money Market Margin quoted by the Lender making such Loan; and (vi) each
      Money Market Absolute Rate Loan shall bear interest on the outstanding principal
      amount thereof for the Interest Period applicable thereto at a rate per annum
      equal to the Money Market Absolute Rate quoted by the Lender making such Loan.
      

     

    (b) If
      any amount payable by any Borrower under any Loan Document is not paid when
      due
      (without regard to any applicable grace periods), whether at stated maturity,
      by
      acceleration or otherwise, such amount shall thereafter bear interest at a
      fluctuating interest rate per annum at all times equal to the Default Rate
      to
      the fullest extent permitted by applicable Laws. Furthermore, upon the request
      of the applicable Required Lenders, while any Event of Default exists with
      respect to any Borrower, such Borrower shall pay interest on the principal
      amount of all outstanding Obligations of such Borrower hereunder at a
      fluctuating interest rate per annum at all times equal to the Default Rate
      to
      the fullest extent permitted by applicable Laws. Accrued and unpaid interest
      on
      past due amounts (including interest on past due interest) shall be due and
      payable on demand.

     

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

     

    Section
      2.8 Fees. 

     

    (a) Facility
      Fee.
      TMCC, for the account of the Borrowers, shall pay or cause to be paid (i) to
      the
      Administrative Agent for the account of each Tranche A Lender in accordance
      with
      its Pro Rata Share, a facility fee in US Dollars equal to the Applicable Rate
      times
      the actual daily amount of the Aggregate Tranche A Commitments, regardless
      of
      usage (or, if the Aggregate Tranche A Commitments have terminated, on the
      Outstanding Amount of all Tranche A Loans and Swing Line Loans made to the
      Tranche A Borrowers), which fee shall accrue at all times during the Tranche
      A
      Availability Period (and thereafter so long as any Tranche A Loans or Swing
      Line
      Loans made to any Tranche A Borrower remain outstanding), including at any
      time
      during which one or more of the conditions in Article
      IV
      is not met, (ii) to the Administrative Agent for the account of each Tranche
      B
      Lender in accordance with its Pro Rata Share, a facility fee in US Dollars
      equal
      to the Applicable Rate times
      the actual daily amount of the Aggregate Tranche B Commitments, regardless
      of
      usage (or, if the Aggregate Tranche B Commitments have terminated, on the
      Outstanding Amount of all Tranche B Loans and Swing Line Loans made to TCPR),
      which fee shall accrue at all times during the Tranche B Availability

     

    

    
      
        
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    Period
      (and thereafter so long as any Tranche B Loans or Swing Line Loans made to
      TCPR
      remain outstanding), including at any time during which one or more of the
      conditions in Article
      IV
      is not met, (iii) to the Canadian Sub-Agent for the account of each Tranche
      C
      Lender in accordance with its Pro Rata Share, a facility fee in US Dollars
      equal
      to the Applicable Rate times
      the actual daily amount of the Aggregate Tranche C Commitments, regardless
      of
      usage (or, if the Aggregate Tranche C Commitments have terminated, on the
      Outstanding Amount of all Tranche C Loans and Swing Line Loans made to TCCI),
      which fee shall accrue at all times during the Tranche C Availability Period
      (and thereafter so long as any Tranche C Loans or Swing Line Loans made to
      TCCI
      remain outstanding), including at any time during which one or more of the
      conditions in Article
      IV
      is not met, and (iv) to the Administrative Agent for the account of each Tranche
      D Lender in accordance with its Pro Rata Share, a facility fee in US Dollars
      equal to the Applicable Rate times
      the actual daily amount of the Aggregate Tranche D Commitments, regardless
      of
      usage (or, if the Aggregate Tranche D Commitments have terminated, on the
      Outstanding Amount of all Tranche D Loans and Swing Line Loans made to TLG),
      which fee shall accrue at all times during the Tranche D Availability Period
      (and thereafter so long as any Tranche D Loans or Swing Line Loans made to
      TLG
      remain outstanding), including at any time during which one or more of the
      conditions in Article
      IV
      is not met. Facility fees shall be calculated quarterly in arrears, and are
      due
      and payable quarterly in arrears on the last Business Day of each March, June,
      September and December, commencing with the first such date to occur after
      the
      Closing Date, and on the Maturity Date (and, if applicable, thereafter on
      demand). Notwithstanding the above, the facility fees payable to each Lender
      shall be calculated with respect to such Lender’s Commitment Cap, such that in
      no event shall the aggregate amount of the facility fees paid to any Lender
      pursuant to this Section
      2.8(a)
      exceed the facility fees that would have been payable to such Lender if the
      aggregate amount of such Lender’s Commitments were equal to the amount of its
      Commitment Cap.

     

    (b) Other
      Fees. The
      Borrowers shall pay to the Arrangers and the Administrative Agent for their
      own
      respective accounts fees in the amounts and at the times specified in the Fee
      Letter. Such fees shall be fully earned when paid and shall not be refundable
      for any reason whatsoever.

     

    Section
      2.9 Computation
      of Interest and Fees.
      All computations (a) of interest for Base Rate Loans when the Base Rate is
      determined by Bank of America’s “prime rate” and (b) of interest for Canadian
      Prime Rate Loans shall be made on the basis of a year of 365 or 366 days, as
      the
      case may be, and actual days elapsed. All computations of Drawing Fees shall
      be
      made on the basis of a year of 365 or 366 days, as applicable, and the term
      to
      maturity of the applicable Draft. All computations of a Drawing Purchase Price
      shall be made on the basis of a year of 365 days, and the term to maturity
      of
      the applicable Draft. All other computations of fees and interest shall be
      made
      on the basis of a 360-day year and actual days elapsed (which results in more
      fees or interest, as applicable, being paid than if computed on the basis of
      a
      365-day year), or, in the case of interest in respect of Committed Loans
      denominated in Alternative Currencies as to which market practice differs from
      the foregoing, in accordance with such market practice. Interest shall accrue
      on
      each Loan for the day on which the Loan is made, and shall not accrue on a
      Loan,
      or any portion thereof, for the day on which the Loan or such portion is paid,
      provided
      that any Loan that is repaid on the same day on which it is made shall, subject
      to Section
      2.11(a),
      bear interest
      for one day.

     

    Section
      2.10 Evidence
      of Debt.
      The Loans made by each Lender shall be evidenced by one or more accounts or
      records maintained by such Lender and by the Administrative Agent in the
      ordinary course of business. The accounts or records maintained by the
      Administrative Agent and each Lender shall be conclusive absent manifest error
      of the amount of the Loans made by the Lenders to each Borrower and the interest
      and payments thereon. Any failure to so record or any error in doing so shall
      not, however, limit or otherwise affect the obligation of any Borrower under
      the
      Loan Documents to pay any amount owing with respect to the Obligations of such
      Borrower. In the event of any conflict between the accounts and records
      maintained by any Lender and the accounts and records of the Administrative
      Agent in respect of such matters, the accounts and records of the Administrative
      Agent shall control in the absence of manifest error. Upon the request of any
      Lender made through the Administrative Agent, each Borrower shall execute and
      deliver to such Lender (through the Administrative Agent) a Note, which shall
      evidence such Lender’s Loans in addition to such accounts or records. Each
      Lender may attach schedules to its Note and endorse thereon the date, Type
      (if
      applicable), amount, currency and maturity of its Loans and payments with
      respect thereto. 

     

    
      
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    Section
      2.11 Payments
      Generally.

     

    (a) All
      payments to be made by the Borrowers shall be made without condition or
      deduction for any counterclaim, defense, recoupment or setoff. Except as
      otherwise expressly provided herein and except with respect to principal of
      and
      interest on Loans denominated in an Alternative Currency, all payments by the
      Borrowers hereunder shall be made to the Administrative Agent, for the account
      of the respective Lenders to which such payment is owed, at the applicable
      Administrative Agent’s
      (or in the case of Tranche C Lenders, the Canadian Sub-Agent’s) Office in US
      Dollars and in Same Day Funds not later than 2:00 p.m. (or in the case of the
      Tranche C Lenders, not later than 12:00 p.m.) on the date specified herein.
      Except as otherwise expressly provided herein, all payments by the Borrowers
      hereunder with respect to principal and interest on Loans denominated in an
      Alternative Currency shall be made to the Administrative Agent (or in the case
      of TCCI, the Canadian Sub-Agent), for the account of the respective Lenders
      to
      which such payment is owed, at the applicable Administrative Agent’s Office or
      Canadian Sub-Agent’s Office in such Alternative Currency and in Same Day Funds
      not later than the Applicable Time specified by the Administrative Agent on
      the
      dates specified herein. Except as otherwise expressly provided herein, all
      payments by (i) the Tranche A Borrowers, TCPR and TLG shall be made to the
      Administrative Agent and (ii) TCCI shall be made to the Canadian Sub-Agent,
      for
      the account of the respective Lenders to which such payment is owed. Without
      limiting the generality of the foregoing, the Administrative Agent may require
      that (x) any payment by any Borrower due under this Agreement, other than any
      payment to be made in respect of the Tranche C Facility, be made in the United
      States and (y) any payments to be made by TCCI in respect of the Tranche C
      Facility be made in Canada. If, for any reason, any Borrower is prohibited
      by
      any Law from making any required payment hereunder in an Alternative Currency,
      such Borrower shall make such payment in US Dollars in the Dollar Equivalent
      of
      the Alternative Currency payment amount. The Administrative Agent or the
      Canadian Sub-Agent, as the case may be, will promptly distribute to each Lender
      its Pro Rata
      Share (or other applicable share as provided herein) of such payment in like
      funds as received by wire transfer to such Lender’s Lending Office. All payments
      received by the Administrative Agent or the Canadian Sub-Agent (i) after
      2:00 p.m., in the case of payments in US Dollars, or (ii) after the
      Applicable Time specified by the Administrative Agent or the Canadian Sub-Agent
      in the case of payments in an Alternative Currency, shall in each case be deemed
      received on the next succeeding Business Day and any applicable interest or
      fee
      shall continue to accrue. 

     

    
      
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    (b) If
      any payment to be made by any Borrower shall come due on a day other than a
      Business Day, payment shall be made on the next following Business Day, and
      such
      extension of time shall be reflected in computing interest or fees, as the
      case
      may be. Whenever any payment hereunder in respect of Bankers’ Acceptances,
      Drafts or BA Equivalent Notes shall be stated to be due on a day other than
      a
      Canadian Business Day such payment shall be made on the next succeeding Canadian
      Business Day.

     

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

     

    (i) if
      a Borrower failed to make such payment, each Lender shall forthwith on demand
      repay to the Administrative Agent or the Canadian Sub-Agent, as the case may
      be,
      the portion of such assumed payment that was made available to such Lender
      in
      Same Day Funds, together with interest thereon in respect of each day from
      and
      including the date such amount was made available by the Administrative Agent
      or
      the Canadian Sub-Agent to such Lender to the date such amount is repaid to
      the
      Administrative Agent or Canadian Sub-Agent in Same Day Funds at the Overnight
      Rate from time to time in effect; and

     

    (ii) if
      any Lender failed to make such payment, such Lender shall forthwith on demand
      pay to the Administrative Agent or the Canadian Sub-Agent, as the case may
      be,
      the amount thereof in Same Day Funds, together with interest thereon for the
      period from the date such amount was made available by the Administrative Agent
      or the Canadian Sub-Agent to the applicable Borrower to the date such amount
      is
      recovered by the Administrative Agent or the Canadian Sub-Agent (the
“Compensation
      Period”)
      at a rate per annum equal to the Overnight Rate from time to time in effect.
      If
      such Lender pays such amount to the Administrative Agent or the Canadian
      Sub-Agent, then such amount shall constitute such Lender’s Loan included in the
      applicable Borrowing. If such Lender does not pay such amount forthwith upon
      the
      Administrative Agent’s or the Canadian Sub-Agent’s
      demand therefor, the Administrative Agent or the Canadian Sub-Agent may make
      a
      demand therefor upon the applicable Borrower, and such Borrower shall pay such
      

        amount
      to the
      Administrative Agent or the Canadian Sub-Agent, together with interest thereon
      for the Compensation Period at a rate per annum equal to the rate of interest
      applicable to the applicable Borrowing. Nothing herein shall be deemed to
      relieve any Lender from its obligation to fulfill its Commitment or to prejudice
      any rights which the Administrative Agent, the Canadian Sub-Agent or any
      Borrower may have against any Lender as a result of any default by such Lender
      hereunder.

     

    
      
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    A
      notice of the Administrative Agent or the Canadian Sub-Agent, as the case may
      be, to any Lender or any Borrower with respect to any amount owing under this
      subsection (c) shall be conclusive, absent manifest error.

     

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

     

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

     

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

     

    (g) For
      the purposes of the Interest
      Act
      (Canada) and disclosure under such act, whenever any interest or fees to be
      paid
      by TCCI under this Agreement is to be calculated on the basis of a period of
      time that is less than a calendar year, the yearly rate of interest to which
      the
      rate determined pursuant to such calculation is equivalent is the rate so
      determined multiplied by the number of days in the calendar year in which the
      same is to be ascertained and divided by the actual number of days in such
      period of time.

     

    (h) Notwithstanding
      any provision of this Agreement, in no event shall the aggregate “interest” (as
      defined in section 347 of the Criminal
      Code
      (Canada)) payable by TCCI under this Agreement exceed the effective annual
      rate
      of interest on the “credit advanced” (as defined in that section) under this
      Agreement lawfully permitted by that section and, if any payment, collection
      or
      demand pursuant to this Agreement in respect of “interest” (as defined in that
      section) payable by TCCI is determined to be contrary to the provisions of
      that
      section, such payment, collection or demand shall be deemed to have been made
      by
      mutual mistake of TCCI, the Administrative Agent and the Lenders and the amount
      of such payment or collection shall be refunded
      to TCCI. For the purposes of this Agreement, the effective annual rate of
      interest shall be determined in accordance with generally accepted actuarial
      practices and principles over the relevant term and, in the event of dispute,
      a
      certificate of a Fellow of the Canadian Institute of Actuaries appointed by
      the
      Administrative Agent will be prima
      facie
      evidence of such rate.

     

    Section
      2.12 Sharing
      of Payments.
      If, other than as expressly provided elsewhere herein, any Lender shall obtain
      on account of the Committed Loans made by it to a Borrower, or the
      participations in Swing Line Loans held by it resulting in such Lender’s
      receiving payment of a proportion of the aggregate amount of such Committed
      Loans or participations and accrued interest thereon greater than its
pro rata
      share thereof as provided herein, then the Lender receiving such greater
      proportion shall (a) notify the Administrative Agent or the Canadian Sub-Agent,
      as the case may be, of such fact, and (b) purchase from the other Lenders such
      participations in the Committed Loans and subparticipations in Swing Line Loans
      and Swing Line Loans made by them to such Borrower as shall be necessary to
      cause such purchasing Lender to share the excess payment in respect of such
      Committed Loans and Swing Line Loans pro rata with each of them; provided,
      however,
      that if all or any portion of such excess payment is thereafter recovered from
      the purchasing Lender under any of the circumstances described in Section
      9.6
      (including pursuant to any settlement entered into by the purchasing Lender
      in
      its discretion), such purchase shall to that extent be rescinded and each other
      Lender shall repay to the purchasing Lender the purchase price paid therefor,
      together with an amount equal to such paying Lender’s ratable share (according
      to the proportion of (i) the amount of such paying Lender’s required repayment
      to (ii) the total amount so recovered from the purchasing Lender) of any
      interest or other amount paid or payable by the purchasing Lender in respect
      of
      the total amount so recovered, without further interest thereon. Each Borrower
      agrees that any Lender so purchasing a participation or subparticipation from
      another Lender may, to the fullest extent permitted by Law, exercise all of
      its
      rights of payment (including any right of set-off, but subject to Section
      9.9)
      with respect to such participation or subparticipation as fully as if such
      Lender were the direct creditor of such Borrower in the amount of such
      participation or subparticipation. The Administrative Agent or the Canadian
      Sub-Agent, as the case may be, will keep records (which shall be conclusive
      and
      binding in the absence of manifest error) of participations or subparticipation
      purchased under this Section and will in each case notify the Lenders following
      any such purchases or repayments. Each Lender that purchases a participation
      or
      subparticipation pursuant to this Section shall from and after such purchase
      have the right to give all notices, requests, demands, directions and other
      communications under this Agreement with respect to the portion of the
      Obligations purchased to the same extent as though the purchasing Lender were
      the original owner of the Obligations purchased.

     

    
      
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    Section
      2.13 Extension
      of Maturity Date; Conversion to Term Loans. 

     

    (a) Not
      earlier than 60 days prior to, nor later than 45 days prior to, the Revolving
      Maturity Date applicable to a Borrower then in effect, such Borrower may, upon
      notice to the Administrative Agent (which shall promptly notify the appropriate
      Lenders), request a 364-day extension of the Revolving Maturity Date applicable
      to such Borrower then in effect. Within 30 days of delivery of such notice,
      each
      appropriate Lender shall notify the Administrative Agent whether
      or not it consents to such extension (which consent may be given or withheld
      in
      such Lender’s sole and absolute discretion). Any Lender not responding within
      the above time period shall be deemed not to have consented to such extension.
      The Administrative Agent shall notify the applicable Borrower and the
      appropriate Lenders of the Lenders’ responses not less than 15 days prior to the
      Revolving Maturity Date. If any Lender declines, or is deemed to have declined,
      to consent to such extension, the applicable Borrower may, at its own expense,
      cause any such Lender to be replaced as a Lender pursuant to Section
      9.16.
      The applicable Borrower shall be deemed to have withdrawn any request to extend
      the Revolving Maturity Date applicable to such Borrower if it delivers or is
      required to deliver a notice of election to convert the Loans to Term Loans
      pursuant to Section
      2.13(c).
      

     

    
      
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    (b) The
      Revolving Maturity Date applicable to a Borrower shall be extended only if
      all
      appropriate Lenders committed to lend to such Borrower (after giving effect
      to
      any replacements of Lenders permitted herein) (the “Consenting
      Lenders”)
      have consented thereto. If so extended, the Revolving Maturity Date applicable
      to such Borrower, as to the Consenting Lenders, shall be extended to a date
      364
      days from the Revolving Maturity Date applicable to such Borrower then in
      effect, effective as of the Revolving Maturity Date applicable to such Borrower
      then in effect (such existing Revolving Maturity Date being the “Revolving
      Extension Effective Date”).
      The Administrative Agent and the applicable Borrower shall promptly confirm
      to
      the Lenders such extension and the Revolving Extension Effective Date. As a
      condition precedent to such extension, the applicable Borrower shall deliver
      to
      the Administrative Agent a certificate of such Borrower dated as of the
      Revolving Extension Effective Date (in sufficient copies for each appropriate
      Lender) signed by a Responsible Officer of such Borrower (i) certifying and
      attaching the resolutions adopted by such Borrower approving or consenting
      to
      such extension and (ii) certifying that, before and after giving effect to
      such
      extension, (A) the representations and warranties of such Borrower contained
      in
Article
      V
      and the other Loan Documents are true and correct on and as of the Revolving
      Extension Effective Date, except to the extent that such representations and
      warranties specifically refer to an earlier date, in which case they are true
      and correct as of such earlier date, and except that for purposes of this
Section
      2.13,
      the representations and warranties contained in subsections (a) and (b) of
Section
      5.4
      shall be deemed to refer to the most recent statements furnished pursuant to
      subsections (a) and (b), respectively, of Section
      6.1,
      and (B) no Default with respect to such Borrower exists. The applicable Borrower
      shall prepay any Committed Loans outstanding on the Revolving Extension
      Effective Date (and pay any additional amounts required pursuant to Section
      3.5)
      to the extent necessary to keep outstanding Committed Loans ratable with any
      revised and new Pro Rata Shares of all the Lenders.

     

    (c) Not
      later than 30 days prior to the Revolving Maturity Date applicable to a
      Borrower, such Borrower may, upon notice to the Administrative Agent (which
      shall promptly notify the appropriate Lenders), elect to convert the Loans
      made
      to such Borrower into term Loans payable on the date (the “Term
      Maturity Date”)
      selected by the Borrower, but in no event later than one year from the Revolving
      Maturity Date applicable to such Borrower. Concurrently with delivering any
      Request for Loans relating to Eurocurrency Rate Loans with an Interest Period
      ending after the Revolving Maturity Date applicable to such Borrower such
      Borrower shall deliver a notice to the Administrative Agent that it elects
      to
      convert the Loans into term Loans in accordance with the preceding sentence.
      If
      a Borrower so elects to convert the Loans made to it to term Loans, subject
      to
      the satisfaction of the conditions precedent contained in this Section
      2.13(c),
      the Maturity Date applicable to such Borrower shall automatically be extended
      to
      the Term Maturity Date effective as of the Revolving Maturity Date applicable
      to
      such Borrower then in effect (such existing Revolving Maturity Date being the
      “Term
      Extension Effective Date”),
      and, on and after the Term Extension Effective Date, the Loans made to such
      Borrower shall be term Loans that (a) may not be reborrowed once repaid, (b)
      in
      the case of loans denominated in US Dollars, may be converted from Base Rate
      Loans to Eurocurrency Rate Loans and from Eurocurrency Rate Loans to Base Rate
      Loans and, in the case of Loans denominated in Canadian Dollars, may be
      continued as Canadian Prime Rate Loans, Bankers’ Acceptances, Drafts or BA
      Equivalent Notes as provided therein, and (c) are payable in full on the Term
      Maturity Date applicable to such Borrower. The Administrative Agent and the
      applicable Borrower shall promptly confirm to the appropriate Lenders such
      extension and the Term Extension Effective Date. As conditions precedent to
      such
      extension, (i) the applicable Borrower shall deliver to the Administrative
      Agent
      a certificate of such Borrower dated as of the Term Extension Effective Date
      (in
      sufficient copies for each appropriate Lender) signed by a Responsible Officer
      of such Borrower certifying that no Default applicable to such Borrower exists,
      and (ii) as of the Term Extension Effective Date, any outstanding Money Market
      Loans made to such Borrower shall have been prepaid, to the extent permitted
      by
Section
      2.4(a),
      or repaid in accordance with this Agreement, and if such prepayment or repayment
      is to be made in whole or in part from Committed Loans, such Committed Loans
      shall have been made at least one Business Day prior to the Term Extension
      Effective Date. 

    

    
      
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    (d) Any
      election by a Tranche A Borrower made pursuant to Section
      2.13(b)
      in relation to the Tranche A Loans made to such Tranche A Borrower shall be
      immediately binding on all other Tranche A Borrowers, without further action
      or
      notice by the Administrative Agent. 

     

    (e) This
      Section shall supersede any provisions in Section
      2.12
      or Section
      9.1
      to the contrary. 

     

    Section
      2.14 Increase
      in Commitments.

     

    (a) Provided
      there exists no Default applicable to a Borrower (or in the case of a Tranche
      A
      Borrower, provided there exists no Default applicable to any Tranche A
      Borrower), upon notice by such Borrower to the Administrative Agent (which
      shall
      promptly notify the appropriate Lenders), such Borrower may from time to time,
      request an increase in the Aggregate Commitments applicable to such Borrower
      (or, in the case of a Tranche A Borrower, to all Tranche A Borrowers) to an
      amount (for all such requests) not exceeding (w) in the case of the Tranche
      A
      Commitments, US$4,533,333,333, (x) in the case of the Tranche B Commitments,
      US$333,333,333, (y) in the case of the Tranche C Commitments, US$333,333,333
      and
      (z) in the case of the Tranche D Commitments, US$333,333,333; provided that
      in
      no event shall the Aggregate Commitments applicable to all Borrowers exceed
      US$5,000,000,000. At the time of sending such notice, such Borrower (in
      consultation with the Administrative Agent) shall specify the time period within
      which each Lender is requested to respond (which shall in no event be less
      than
      10 Business Days from the date of delivery of such notice to the appropriate
      Lenders). Each appropriate Lender shall notify the Administrative Agent within
      such time period whether or not it agrees to increase its Commitment and, if
      so,
      whether by an amount equal to, greater than, or 

    less
      than its Pro Rata Share of such requested increase. Any appropriate Lender
      not
      responding within such time period shall be deemed to have declined to increase
      its Commitment. The Administrative Agent shall notify the applicable Borrower
      (or, where a request was made by a Tranche A Borrower, all of the Tranche A
      Borrowers) and each appropriate Lender of the Lenders’ responses to each request
      made hereunder. To achieve the full amount of a requested increase, the
      applicable Borrower may also invite additional Eligible Assignees to become
      Lenders pursuant to a joinder agreement in form and substance satisfactory
      to
      the Administrative Agent and its counsel; provided that
      the minimum commitment of each such Eligible Assignee is not less than
      US$25,000,000.
      The consent of the Lenders is not required to increase the amount of the
      Aggregate Commitments pursuant to this Section, except that each appropriate
      Lender shall have the right to consent to an increase in the amount of its
      Commitment as set forth in this Section
      2.14(a).
      If the Lenders and Eligible Assignees do not agree to increase the applicable
      Aggregate Commitments by the amount requested by the applicable Borrower
      pursuant to this Section
      2.14(a),
      such Borrower may (i) withdraw its request for an increase in its entirety
      or
      (ii) accept, in whole or in part, the increases that have been offered.

     

    
      
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    (b) If
      the applicable Aggregate Commitments are increased in accordance with this
      Section, the Administrative Agent and the applicable Borrower shall determine
      the effective date (the “Increase
      Effective Date”)
      and the final allocation of such increase. The Administrative Agent shall
      promptly notify the applicable Borrower and the appropriate Lenders of the
      final
      allocation of such increase and the Increase Effective Date. As a condition
      precedent to such increase, the applicable Borrower shall deliver to the
      Administrative Agent a certificate of such Borrower dated as of the Increase
      Effective Date (in sufficient copies for each appropriate Lender) signed by
      a
      Responsible Officer of such Borrower certifying that no Default applicable
      to
      such Borrower exists. The applicable Borrower shall prepay any Committed Loans
      outstanding on the Increase Effective Date (and pay any additional amounts
      required pursuant to Section
      3.5)
      to the extent necessary to keep the outstanding Committed Loans ratable with
      any
      revised Pro Rata Shares arising from any nonratable increase in the Commitments
      under this Section. 

    

    (c) This
      Section shall supersede any provisions in Sections
      2.12
      or 9.1
      to the contrary.

    

    Section
      2.15 Drawings
      of Bankers’ Acceptances, Drafts and BA Equivalent Notes.

     

    (a) Request
      for Drawing.
      Each Drawing shall be made on notice, given not later than 11:00 A.M. (Toronto
      time) on a Canadian Business Day at least two Canadian Business Days prior
      to
      the date of the proposed Drawing, by TCCI to the Canadian Sub-Agent, which
      shall
      give each Tranche C Lender prompt notice thereof by telecopier. Each notice
      of a
      Drawing shall be in writing (including by telecopier), in substantially the
      form
      of Exhibit A-1 hereto, specifying therein the requested (i) date of such Drawing
      (which shall be a Canadian Business Day), (ii) aggregate Face Amount of such
      Drawing and (iii) initial BA Maturity Date for each Bankers’ Acceptance and
      Draft comprising part of such Drawing; provided,
      however,
      that, if the Canadian Sub-Agent determines in good faith (which determination
      shall be conclusive and binding upon TCCI) that the Drafts to be accepted and
      purchased (or purchased, as the case may be) as part of 

    any
      Drawing cannot, due solely to the requested aggregate Face Amount thereof,
      be
      accepted and/or purchased ratably by the Tranche C Lenders in accordance with
      Section 2.01(c), then the aggregate Face Amount of such Bankers’ Acceptances to
      be created and purchased and Drafts to be purchased shall be reduced to such
      lesser amount as the Canadian Sub-Agent determines will permit such Drafts
      comprising part of such Drawing to be so accepted and purchased (or to be
      purchased, as the case may be). The Canadian Sub-Agent agrees that it will,
      as
      promptly as practicable, notify TCCI of the unavailability of Bankers’
Acceptances. Each Draft in connection with any requested Drawing (A) shall
      be in
      a minimum amount of CDN$5,000,000 or an integral multiple of CDN$1,000,000
      in
      excess thereof, and (B) shall be dated the date of the proposed Drawing. Each
      Tranche C Lender shall, before 1:00 P.M. (Toronto time) on the date of each
      Drawing, (i) complete one or more Drafts in accordance with the related
      Committed Loan Notice, accept such Drafts and purchase the Bankers’ Acceptances
      created thereby for the Drawing Purchase Price; or (ii) complete one or more
      Drafts in accordance with the Drawing Notice and purchase such Drafts for the
      Drawing Purchase Price and shall, before 1:00 P.M. (Toronto time) on such date,
      make available for the account of its Applicable Lending Office to the Canadian
      Sub-Agent at its Canadian Sub-Agent’s Office, in same day funds, the Drawing
      Purchase Price payable by such Tranche C Lender for such Drafts less the Drawing
      Fee payable to such Tranche C Lender with respect thereto under Section 2.15(b).
      Upon the fulfillment of the applicable conditions set forth in Section 4.2,
      the
      Canadian Sub-Agent will make the funds it has received from the Tranche C
      Lenders available to TCCI at the applicable Canadian Sub-Agent’s
      Office.

     

    
      
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    (b) Drawing
      Fees.
      TCCI shall, on the date of each Drawing and on the date of each renewal of
      any
      outstanding Bankers’ Acceptances or BA Equivalent Notes, pay to the Canadian
      Sub-Agent, in Canadian Dollars, for the ratable account of the Tranche C Lenders
      accepting Drafts and purchasing Bankers’ Acceptances or purchasing Drafts which
      have not been accepted by any Tranche C Lender, the Drawing Fee with respect
      to
      such Drafts.
      TCCI irrevocably authorizes each such Tranche C Lender to deduct the Drawing
      Fee
      payable with respect to each Draft of such Tranche C Lender from the Drawing
      Purchase Price payable by such Tranche C Lender in respect of such Draft in
      accordance with this Section 2.15 and to apply such amount so withheld to
      the payment of such Drawing Fee for the account of TCCI and, to the extent
      such
      Drawing Fee is so withheld and legally permitted to be so applied, TCCI’s
      obligations under the preceding sentence in respect of such Drawing Fee shall
      be
      satisfied.

     

    (c)
       Limitations
      on Drawings.
      Anything in Section 2.15(a) to the contrary notwithstanding, TCCI may not
      select a Drawing if the obligation of the Tranche C Lenders to purchase and
      accept Bankers’ Acceptances shall then be suspended pursuant to
      Section 2.15(e) or 3.2(b).

     

    (d) Binding
      Effect of Committed Loan Notices.
      Each Committed Loan Notice for a Drawing shall be irrevocable and binding on
      TCCI. In the case of any proposed Drawing, TCCI shall indemnify each Tranche
      C
      Lender (absent any gross negligence by the Tranche C Lender) against any loss,
      cost or expense incurred by such Tranche C Lender as a result of any failure
      to
      fulfill on or before the date specified in the Committed Loan Notice for such
      Drawing the applicable conditions set forth in Section 4.2, including, without
      limitation, any loss, cost or expense incurred by reason of the liquidation
      or
      reemployment of deposits or other funds acquired
      by such Tranche C Lender to fund the Drawing Purchase Price to be paid by such
      Tranche C Lender for Drafts when, as a result of such failure, such Drafts
      are
      not issued on such date (but, in any event, excluding any loss of profit and
      the
      Drawing Fee applicable to such Drafts).

     

    (e) Circumstances
      Making Bankers’ Acceptances Unavailable.
      If the Canadian Sub-Agent in good faith determines that for any reason a market
      for Bankers’ Acceptances does not exist at any time or the Tranche C Lenders
      cannot for other reasons, after reasonable efforts, readily sell Bankers’
Acceptances or perform their other obligations under this Agreement with respect
      to Bankers’ Acceptances, the Canadian Sub-Agent will promptly so notify TCCI and
      each Tranche C Lender. Thereafter, TCCI’s right to request the acceptance and/or
      purchase of Drafts shall be and remain suspended until the Canadian Sub-Agent
      determines and notifies TCCI and each Tranche C Lender that the condition
      causing such determination no longer exists.

     

    
      
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    (f) Presigned
      Draft Forms.
      To enable the Tranche C Lenders to create Bankers’ Acceptances or purchase
      Drafts, as the case may be, in accordance with Section 2.01(c) and this
      Section 2.15, TCCI hereby appoints each Tranche C Lender as its attorney to
      sign and endorse on its behalf (for the purpose of acceptance and/or purchase
      of
      Drafts pursuant to this Agreement), in handwriting or by facsimile or mechanical
      signature as and when deemed necessary by such Tranche C Lender, blank forms
      of
      Drafts. In this respect, it is each Tranche C Lender’s responsibility to
      maintain an adequate supply of blank forms of Drafts for acceptance under this
      Agreement. TCCI recognizes and agrees that all Drafts signed and/or endorsed
      on
      its behalf by a Tranche C Lender shall bind TCCI as fully and effectually as
      if
      signed in the handwriting of and duly issued by the proper signing officers
      of
      TCCI. Each Tranche C Lender is hereby authorized (for the purpose of acceptance
      and/or purchase of Drafts pursuant to this Agreement) to complete and issue
      such
      Drafts endorsed in blank in such face amounts as may be determined by such
      Tranche C Lender; provided
      that the aggregate amount thereof is equal to the aggregate amount of Drafts
      required to be purchased by such Tranche C Lender. On request by TCCI, a Tranche
      C Lender shall cancel all forms of Drafts which have been pre-signed or
      pre-endorsed by or on behalf of TCCI and which are held by such Tranche C Lender
      and have not yet been issued in accordance herewith. Each Tranche C Lender
      further agrees to retain such records in the manner and/or the statutory periods
      provided in the various Canadian provincial or federal statutes and regulations
      which apply to such Tranche C Lender. Each Tranche C Lender shall maintain
      a
      record with respect to Drafts held by it in blank hereunder, voided by it for
      any reason, accepted and purchased by it hereunder, and cancelled at their
      respective maturities. Each Tranche C Lender agrees to provide such records
      to
      TCCI at TCCI’s expense upon request. Drafts shall be signed by a duly authorized
      officer or officers of TCCI or by its attorneys, including its attorneys
      appointed pursuant to this Section 2.15(f). Notwithstanding that any person
      whose signature appears on any Drafts as a signatory for TCCI may no longer
      be
      an authorized signatory for TCCI at the date of issuance of a Drafts , such
      signature shall nevertheless be valid and sufficient for all purposes as if
      such
      authority had remained in force at the time of such issuance, and any such
      Drafts so signed shall be binding on TCCI.

     

    (g) Distribution
      of Bankers’ Acceptances.
      Bankers’ Acceptances and Drafts purchased by a Tranche C Lender in accordance
      with the terms of Section 2.01(c) and this Section 2.15 may, in such
      Tranche C Lender’s sole discretion, be held by such Tranche C Lender
for
      its own account until the applicable BA Maturity Date or sold, rediscounted
      or
      otherwise disposed of by it at any time prior thereto in any relevant market
      therefor.

     

    (h) Failure
      to Fund in Respect of Drawings.
      The failure of any Tranche C Lender to fund the Drawing Purchase Price to be
      funded by it as part of any Drawing shall not relieve any other Tranche C Lender
      of its obligation hereunder to fund its Drawing Purchase Price on the date
      of
      such Drawing, but no Tranche C Lender shall be responsible for the failure
      of
      any other Tranche C Lender to fund the Drawing Purchase Price to be funded
      or
      made, as the case may be by such other Tranche C Lender on the date of any
      Drawing.

     

    (i) Issue
      of BA Equivalent Notes.
      TCCI shall, at the request of a Tranche C Lender, issue one or more non-interest
      bearing promissory notes (each a “BA
      Equivalent Note”)
      payable on the date of maturity of the unaccepted Draft referred to below,
      in
      such form as such Tranche C Lender may specify, in a principal amount equal
      to
      the Face Amount of, and in exchange for, any unaccepted Drafts which such
      Tranche C Lender has purchased or has arranged to have purchased in accordance
      with Section 2.1(c).

     

    
      
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    (j) Payment,
      Conversion or Renewal of Bankers’ Acceptances.
      Upon the maturity of a Bankers’ Acceptance, Draft or BA Equivalent Note, TCCI
      may (i) elect to issue a replacement Bankers’ Acceptance, Draft or BA Equivalent
      Note by giving a Drawing Notice in accordance with Section 2.15(a), (ii) elect
      to have all or a portion of the Face Amount of such Bankers’ Acceptance, Draft
      or BA Equivalent Note converted to a Canadian Prime Rate Loan, by giving a
      Notice of Borrowing in accordance with Section 2.2, or (iii) pay, on or before
      10:00 a.m. (Toronto time) on the maturity date for such Bankers’ Acceptance,
      Draft or BA Equivalent Note, an amount in Canadian Dollars equal to the Face
      Amount of such Bankers’ Acceptance, Draft or BA Equivalent Note (notwithstanding
      that a Tranche C Lender may be the holder thereof at maturity). Any such payment
      shall satisfy TCCI’s obligations under the Bankers’ Acceptance, Draft or BA
      Equivalent Note to which it relates and the relevant Lender shall thereafter
      be
      solely responsible for the payment of such Bankers’ Acceptances, Drafts or BA
      Equivalent Notes.

     

    (k) Automatic
      Conversion.
      If TCCI fails to pay any Bankers’ Acceptance, Draft or BA Equivalent Note when
      due, or to issue a replacement Bankers’ Acceptance, Draft or BA Equivalent Note
      in the Face Amount of such Bankers’ Acceptance, Draft or BA Equivalent Note
      pursuant to Section 2.15 (j), the unpaid amount due and payable in respect
      thereof shall be converted, as of such date, and without any necessity for
      TCCI
      to give a Notice of Borrowing in accordance with Section 2.2, to a Canadian
      Prime Rate Loan made by the Tranche C Lenders ratably under this Agreement
      and
      shall bear interest calculated and payable as provided in Section
      2.7

     

    (l) Payment
      of Bankers Acceptances on Default.
      In
      the event that the maturity of outstanding Bankers’ Acceptances, Drafts and BA
      Equivalent Notes is accelerated pursuant to Section 6.01, TCCI shall pay to
      the
      Canadian Sub-Agent in Canadian Dollars in same-day funds the aggregate principal
      amount of all such Bankers’ Acceptances, Drafts and BA Equivalent Notes in
      satisfaction of its obligations in respect thereof.

     

    

    (m) Inconsistencies.
      In the event of any inconsistency between the provisions of this Section 2.15
      and any other provision of Article II with respect to Bankers’ Acceptances or BA
      Equivalent Notes, the provisions of this Section 2.15 shall
      prevail.

     

    Section
      2.16 Swing
      Line Loans.

     

    (a) The
      Swing Line.
      Subject to the terms and conditions set forth herein, each Swing Line Lender
      severally agrees, in reliance upon the agreements of the other Lenders set
      forth
      in this Section
      2.16
      to make loans in US Dollars or any Alternative Currency (each such loan, a
      “Swing
      Line Loan”)
      to the Borrowers from time to time on any Business Day during the Availability
      Period applicable to such Borrower in an aggregate amount not to exceed at
      any
      time outstanding (i) for each Swing Line Lender, such Swing Line Lender’s Swing
      Line Commitment or (ii) for all Swing Line Loans, the amount of the Swing Line
      Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated
      with the ratable share of the Outstanding Amount of Committed Loans and Money
      Market Loans of the Lender acting as Swing Line Lender, may exceed the amount
      of
      such Lender’s Commitments; provided,
      however,
      that after giving effect to any Swing Line Loan, (i) the Total Outstandings
      in respect of the Tranche A Borrowers, TCPR, TCCI or TLG, respectively, shall
      not exceed the applicable Aggregate Commitments, (ii) the aggregate
      Outstanding Amount of the Committed Loans of any Lender under the Tranche A
      Commitments, Tranche B Commitments, Tranche C Commitments or Tranche D
      Commitments, as applicable, plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
      to the applicable Borrower(s) shall not exceed such Lender’s Commitment
      applicable to such Borrower(s) and (iii) the aggregate Outstanding Amount of
      Committed Loans of any Lender under the Tranche A Facility, Tranche B Facility,
      Tranche C Facility and Tranche D Facility, plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
      shall not exceed such Lender’s Commitment Cap, and provided,
      further,
      that the Borrowers shall not use the proceeds of any Swing Line Loan to
      refinance any outstanding Swing Line Loan. Each Swing Line Borrowing shall
      consist of borrowings made from the several Swing Line Lenders ratably to their
      respective Swing Line Commitments. Within the foregoing limits, and subject
      to
      the other terms and conditions hereof, the Borrowers may borrow under this
      Section
      2.16,
      prepay under Section
      2.4,
      and reborrow under this Section
      2.16.
      Immediately upon the making of a Swing Line Loan, each Lender shall be deemed
      to, and hereby irrevocably and unconditionally agrees to, purchase from the
      Swing Line Lender a risk participation in such Swing Line Loan in an amount
      equal to the product of such Lender’s ratable share times
      the amount of such Swing Line Loan.

     

    
      
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    (b) Borrowing
      Procedures.
      Each Swing Line Borrowing shall be made upon the applicable Borrower’s
      irrevocable notice to the Swing Line Agent and the Administrative Agent, which
      (x) in the case of Swing Line Loans requested by notice to the Administrative
      Agent, may be given by telephone and (y) in the case of Swing Line Loans
      requested by notice to the Swing Line Agent, may not be given by telephone,
      but
      may be given by facsimile, confirmed promptly by delivery to the Swing Line
      Agent and the Administrative Agent of an original Swing Line Loan Notice,
      appropriately completed and signed by a Responsible Officer of the applicable
      Borrower. Each such notice must be received by the Swing Line Agent and the
      Administrative Agent not later than 10:00 a.m. (London, England time) in
      the case of any Swing Line Loans to be funded in Europe or 10:00 a.m. (Pacific
      time) in the case of any Swing Line Loans to be funded
      in North America on the requested borrowing date, and shall specify (i) the
      amount and currency to be borrowed, which shall be a minimum of US$1,000,000,
      (or CDN$500,000 where the Swing Line Borrowing is requested by TCCI)
      (provided
      that, in the case of TMFNL, such amount shall not be less than the Dollar
      Equivalent of EUR 50,000),
      and (ii) the requested borrowing date, which shall be a Business Day. Each
      such
      telephonic notice must be confirmed promptly by delivery to the Swing Line
      Agent
      and the Administrative Agent of a written Swing Line Loan Notice, appropriately
      completed and signed by a Responsible Officer of the applicable Borrower.
      Promptly after receipt by the Swing Line Agent of any telephonic Swing Line
      Loan
      Notice, the Swing Line Agent will confirm with the Administrative Agent (by
      telephone or in writing) that the Administrative Agent has also received such
      Swing Line Loan Notice and, if not, the Swing Line Agent will notify the
      Administrative Agent (by telephone or in writing) of the contents thereof,
      and
      will notify each Swing Line Lender (by telephone or in writing) of the contents
      thereof. Unless the Swing Line Agent has received notice (by telephone or in
      writing) from the Administrative Agent (including at the request of any Lender)
      prior to 2:00 p.m. (London, England time, in the case of any Swing Line Loan
      to
      be funded in Europe, or New York City time, in the case of any Swing Line Loan
      to be funded in North America) on the date of the proposed Swing Line Borrowing
      (A) directing each Swing Line Lender not to make such Swing Line Loan as a
      result of the limitations set forth in the first proviso to the first sentence
      of Section
      2.16(a),
      or (B) that one or more of the applicable conditions specified in Article
      IV
      is not then satisfied, then, subject to the terms and conditions hereof, each
      Swing Line Lender will, not later than 3:00 p.m. (London, England time, in
      the
      case of any Swing Line Loan to be funded in Europe or Pacific time, in the
      case
      of any Swing Line Loan to be funded in North America) on the borrowing date
      specified in such Swing Line Loan Notice, make the amount of its Swing Line
      Loan
      available to the applicable Borrower at its office by crediting the account
      of
      such Borrower on the books of the Swing Line Agent in Same Day Funds or as
      otherwise directed by such Borrower.

     

    
      
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    (c) Refinancing
      of Swing Line Loans.

     

    (i) The
      Swing Line Lenders at any time in their respective sole and absolute discretion
      may direct the Swing Line Agent to request, on behalf of the applicable Borrower
      (and each Borrower hereby irrevocably authorizes the Swing Line Agent to so
      request on its behalf), that each Applicable Tranche Lender make a Base Rate
      Committed Loan for the account of such Borrower in an amount equal to such
      Lender’s ratable share of (A) the amount of Swing Line Loans made to such
      Borrower and then outstanding, in the case of Swing Line Loans denominated
      in US
      Dollars, or (B) the Dollar Equivalent of the amount of Swing Line Loans made
      to
      such Borrower and then outstanding, in the case of Swing Line Loans denominated
      in any Alternative Currency. Such request shall be made in writing (which
      written request shall be deemed to be a Committed Loan Notice for purposes
      hereof) and in accordance with the requirements of Section
      2.2,
      without regard to the minimum and multiples specified therein for the principal
      amount of Base Rate Loans, but subject to the unutilized portion of the
      Aggregate Commitments and the conditions set forth in Section
      4.2.
      The Swing Line Agent shall furnish the applicable Borrower with a copy of the
      applicable Committed Loan Notice promptly after delivering such notice to the
      Administrative Agent or the Canadian Sub-Agent, as applicable. Each Applicable
      Tranche Lender shall make an amount equal to its ratable share
      of the amount specified in such Committed Loan Notice available to the
      Administrative Agent or the Canadian Sub-Agent, as applicable, in Same Day
      Funds
      for the account of the Swing Line Lenders at the Administrative Agent’s Office
      or the Canadian Sub-Agent’s Office, as applicable, for US Dollar-denominated
      payments not later than 1:00 p.m. on the day specified in such Committed Loan
      Notice, whereupon, subject to Section
      2.16(c)(ii),
      each Lender that so makes funds available shall be deemed to have made a Base
      Rate Committed Loan to the applicable Borrower in such amount. The
      Administrative Agent or the Canadian Sub-Agent, as applicable shall remit the
      funds so received to the Swing Line Lenders.

     

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

     

    (iii) If
      any Applicable Tranche Lender fails to make available to the Administrative
      Agent or the Canadian Sub-Agent, as applicable, for the account of the Swing
      Line Lenders any amount required to be paid by such Lender pursuant to the
      foregoing provisions of this Section
      2.16(c)
      by the time specified in Section
      2.16(c)(i),
      the Swing Line Lenders shall be entitled to recover from such Lender (acting
      through the Administrative Agent or the Canadian Sub-Agent, as applicable),
      on
      demand, such amount with interest thereon for the period from the date such
      payment is required to the date on which such payment is immediately available
      to the Swing Line Lenders at a rate per annum equal to the applicable Overnight
      Rate from time to time in effect, plus any administrative, processing or similar
      fees customarily charged by the applicable Swing Line Lender in connection
      with
      the foregoing. If such Lender pays such amount (with interest and fees as
      aforesaid), the amount so paid shall constitute such Lender’s Committed Loan
      included in the relevant Committed Borrowing or funded participation in the
      relevant Swing Line Loan, as the case may be. A certificate of a Swing Line
      Lender submitted to any Lender (through the Administrative Agent or the Canadian
      Sub-Agent, as applicable) with respect to any amounts owing under this clause
      (iii) shall be conclusive absent manifest error.

     

    
      
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    (iv) Each
      Lender’s obligation to make Committed Loans or to purchase and fund risk
      participations in Swing Line Loans pursuant to this Section
      2.16(c)
      shall be absolute and unconditional and shall not be affected by any
      circumstance, including (A) any setoff, counterclaim, recoupment, defense or
      other right which such Lender may have against any Swing Line Lender, any
      Borrower or any other Person for any reason whatsoever, (B) the occurrence
      or
      continuance of a Default, or (C) any other occurrence, event or condition,
      whether or not similar to any of the foregoing; provided,
      however,
      that each Lender’s obligation to make Committed Loans pursuant to this
Section
      2.16(c)
      is subject to the conditions set forth in Section
      4.2.
      No such funding of risk participations shall
      relieve or otherwise impair the obligation of any Borrower to repay Swing Line
      Loans made to it, together with interest as provided herein.

     

    (d) Repayment
      of Participations.
      

     

    (i) At
      any time after any Lender has purchased and funded a risk participation in
      a
      Swing Line Loan, if the applicable Swing Line Lender receives any payment on
      account of such Swing Line Loan, the Swing Line Lender will promptly distribute
      to such Lender its ratable share thereof in the same funds as those received
      by
      such Swing Line Lender.

     

    (ii) If
      any payment received by a Swing Line Lender in respect of principal or interest
      on any Swing Line Loan is required to be returned by such Swing Line Lender
      under any of the circumstances described in Section
      9.6
      (including pursuant to any settlement entered into by such Swing Line Lender
      in
      its discretion), each Lender shall pay to such Swing Line Lender its ratable
      share thereof on demand of the Administrative Agent, plus interest thereon
      from
      the date of such demand to the date such amount is returned, at a rate per
      annum
      equal to the applicable Overnight Rate. The Administrative Agent will make
      such
      demand upon the request of the applicable Swing Line Lender. The obligations
      of
      the Lenders under this clause shall survive the payment in full of the
      Obligations and the termination of this Agreement.

     

    
      
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    (e) Interest
      for Account of Swing Line Lenders.
      The Swing Line Agent shall be responsible for invoicing the applicable Borrower
      for interest on the Swing Line Loans. Until each Lender funds its Base Rate
      Committed Loan or risk participation pursuant to this Section
      2.16
      to refinance such Lender’s ratable share of any Swing Line Loan, interest in
      respect of such ratable share shall be solely for the account of the respective
      Swing Line Lenders.

     

    (f) Payments
      Directly to Swing Line Lender.
      Each Borrower shall make all payments of principal and interest in respect
      of
      the Swing Line Loans made directly to the Swing Line Agent, for the account
      of
      the respective Swing Line Lenders.

     

    ARTICLE
      III

    

    TAXES,
      YIELD PROTECTION AND ILLEGALITY

    

    Section
      3.1 Taxes.

    

    (a) Any
      and all payments by any Borrower to or for the account of the Administrative
      Agent or any Lender under any Loan Document shall be made free and clear of
      and
      without deduction for any and all present or future Taxes. If any Borrower
      shall
      be required by any Laws to deduct any Taxes or Other Taxes from or in respect
      of
      any sum payable under any Loan Document to the Administrative Agent or any
      Lender, (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), each of the Administrative Agent and such Lender
      receives
      an amount equal to the sum it would have received had no such deductions been
      made, (ii) such Borrower shall make such deductions, (iii) such Borrower shall
      pay the full amount deducted to the relevant taxation authority or other
      authority in accordance with applicable Laws, and (iv) within 30 days after
      the
      date of such payment, such Borrower shall furnish to the Administrative Agent
      (which shall forward the same to such Lender) the original or a certified copy
      of a receipt evidencing payment thereof.

     

    (b) In
      addition, each Borrower agrees to pay to each appropriate Lender Other Taxes
      incurred by such Lender.

     

    (c) If
      any Borrower shall be required to deduct or pay any Taxes or Other Taxes from
      or
      in respect of any sum payable under any Loan Document to the Administrative
      Agent or any Lender, such Borrower shall also pay to the Administrative Agent
      or
      to such Lender, as the case may be, at the time interest is paid, such
      additional amount that the Administrative Agent or such Lender specifies is
      necessary to preserve the after-tax yield (after factoring in all taxes,
      including taxes imposed on or measured by net income) that the Administrative
      Agent or such Lender would have received if such Taxes or Other Taxes had not
      been imposed.

     

    (d) Each
      Borrower agrees to indemnify the Administrative Agent and each appropriate
      Lender for (i) the full amount of Taxes and Other Taxes (including any Taxes
      or
      Other Taxes imposed or asserted by any jurisdiction on amounts payable under
      this Section) paid by the Administrative Agent and such Lender, (ii) amounts
      payable under Section
      3.1(c)
      and (iii) any liability (including additions to tax, penalties, interest and
      expenses) arising therefrom or with respect thereto. Payment under this
      subsection (d) shall be made within 15 days after the date the Lender or the
      Administrative
      Agent makes a demand therefor. 

     

    
      
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    (e) In
      the case of interest payments made by TKG, this Section
      3.1
      shall only apply to a Lender who is the beneficial owner of amounts received
      pursuant to this Agreement and has provided evidence to TKG: (i) that such
      Lender is a person (a corporate body or an individual) which is, for taxation
      purposes, resident outside of the territory of the Federal Republic of Germany,
      (ii) if such Lender is a partnership, that all direct and indirect partners
      of
      that partnership are persons who are, for taxation purposes, resident outside
      of
      the territory of the Federal Republic of Germany, and does not hold any amounts
      received pursuant to this Agreement through a permanent establishment or a
      permanent representative in Germany or (iii) that such Lender qualifies as
      a
      credit institution or financial institution within the meaning of the German
      Banking Act (Kreditwesengesetz).

     

    (f) TFSUK
      is not required to pay additional amounts to a Lender (other than a new Lender
      pursuant to a request by a Borrower under Section
      9.16)
      pursuant to Section
      3.1(a)
      in respect of any Tax that is required by the United Kingdom to be withheld
      from
      a payment of interest on a Loan made to TFSUK if at the time the payment falls
      due (i) the relevant Lender is not a UK Qualifying Lender and that Tax would
      not
      have been required to be withheld had that Lender been a UK Qualifying Lender
      unless the reason that that Lender is not a UK Qualifying Lender is a change
      after the date on which it became a Lender under this Agreement in (or in the
      interpretation, administration or application of) any law or double taxation
      agreement or any published practice or published concession of any relevant
      Governmental Authority; or (ii) the relevant
      Lender is a UK Treaty Lender and TFSUK is able to demonstrate that that Tax
      is
      required to be withheld as a result of the failure of the relevant Lender to
      comply with its obligations under Section
      9.15(a).
      Any Lender which is a Lender in respect of a Loan to TFSUK and which is not,
      or
      ceases to be, a UK Qualifying Lender, for whatever reason, shall promptly notify
      the Administrative Agent and TFSUK.

     

    Section
      3.2 Illegality.

    

    (a) If
      any Lender determines that any Regulatory Change occurring on or after the
      date
      of this Agreement has made it unlawful, or that any Governmental Authority
      has
      asserted that it is unlawful as a result of such Regulatory Change, for any
      Lender or its applicable Lending Office to make, maintain or fund Eurocurrency
      Rate Loans (whether denominated in US Dollars or an Alternative Currency) or
      Money Market LIBOR Loans, or to determine or charge interest rates based upon
      the Eurocurrency Rate, or any Governmental Authority has imposed material
      restrictions on the authority of such Lender to purchase or sell, or to take
      deposits of, US Dollars or any Alternative Currency in the applicable interbank
      market, then, on notice thereof by such Lender to the applicable Borrower
      through the Administrative Agent, any obligation of such Lender to make or
      continue Eurocurrency Rate Loans in the affected currency or currencies or,
      in
      the case of Eurocurrency Rate Loans in US Dollars, to convert Base Rate
      Committed Loans to Eurocurrency Rate Loans or to make a Money Market LIBOR
      Loan
      for which a Money Market Quote has been delivered shall be suspended until
      such
      Lender notifies the Administrative Agent and the applicable Borrower that the
      circumstances giving rise to such determination no longer exist (and such Lender
      shall give such notice promptly upon receiving knowledge that such circumstances
      no longer exist). If a Lender shall determine that it may not lawfully continue
      to maintain and fund any of its outstanding Eurocurrency Rate Loans or Money
      Market LIBOR Loans to maturity and shall so specify in a notice pursuant to
      the
      preceding sentence, upon receipt of such notice, the applicable Borrower shall,
      upon demand from such Lender (with a copy to the Administrative Agent), prepay
      or, if applicable and such Loans are denominated in US Dollars, convert all
      Eurocurrency Rate Loans or Money Market LIBOR Loans, as the case may be, of
      such
      Lender to Base Rate Loans, either on the last day of the Interest Period
      therefor, if such Lender may lawfully continue to maintain such Eurocurrency
      Rate Loans or Money Market LIBOR Loans to such day, or immediately, if such
      Lender may not lawfully continue to maintain such Eurocurrency Rate Loans.
      Upon
      any such prepayment or conversion, the applicable Borrower shall also pay
      accrued interest on the amount so prepaid or converted. Each Lender agrees
      to
      designate a different Lending Office if such designation will avoid the need
      for
      such notice and will not, in the good faith judgment of such Lender, otherwise
      be materially
      disadvantageous to such Lender. 

    

    
      
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    (b) Notwithstanding
      any other provision of this Agreement, if the introduction of or any change
      in
      the interpretation of any law or regulation shall make it unlawful, or any
      central bank or other governmental authority shall assert that it is unlawful,
      for any Tranche C Lender or its Lending Office to perform its obligations
      hereunder to complete and accept Drafts, to purchase Bankers’ Acceptances or to
      purchase Drafts or to continue to fund or maintain Bankers’ Acceptances or BA
      Equivalent Notes hereunder, then, on notice thereof and demand therefor by
      such
      Tranche C Lender to TCCI through the Administrative Agent (i) an amount
      equal to the aggregate Face Amount of all Bankers’ Acceptances, Drafts and BA
      Equivalent Notes outstanding
      at such time shall, upon such demand, be deposited by TCCI with the
      Administrative Agent in accordance with Section 2.15(l) until the BA Maturity
      Date of each such Bankers’ Acceptance, Drafts and BA Equivalent Note,
      (ii) upon the BA Maturity Date of any Bankers’ Acceptance, Draft or BA
      Equivalent Note in respect of which any such deposit has been made, the
      Administrative Agent shall be, and hereby is, authorized (without notice to
      or
      any further action by TCCI) to apply such amount (or the applicable portion
      thereof) to the payment of such Bankers’ Acceptance, Draft or (iii) the
      obligation of the Tranche C Lenders to complete and accept Drafts and purchase
      Bankers’ Acceptances and to purchase Drafts that have not been accepted by a
      Tranche C Lender shall be suspended until the Administrative Agent shall notify
      TCCI that such Tranche C Lender has determined that the circumstances causing
      such suspension no longer exist (and such Lender shall give such notice promptly
      upon receiving knowledge that such circumstances no longer exist).

     

    Section
      3.3 Inability
      to Determine Rates.
      If the applicable Required Lenders determine that for any reason in connection
      with any request for a Eurocurrency Rate Loan or a conversion to or continuation
      thereof that (a) deposits (whether in US Dollars or an Alternative
      Currency) are not being offered to banks in the applicable offshore interbank
      market for such currency for the applicable amount and Interest Period of such
      Eurocurrency Rate Loan, (b) adequate and reasonable means do not exist for
      determining the Eurocurrency Base Rate for any requested Interest Period with
      respect to a proposed Eurocurrency Rate Loan (whether denominated in US Dollars
      or an Alternative Currency) made to a Borrower, or (c) the Eurocurrency
      Base Rate for any requested Interest Period with respect to a proposed
      Eurocurrency Rate Loan made to a Borrower does not adequately and fairly reflect
      the cost to such Lenders of funding such Loan, the Administrative Agent will
      promptly so notify such Borrower and each Lender. Thereafter, the obligation
      of
      the appropriate Lenders to make or maintain Eurocurrency Rate Loans in the
      affected currency or currencies to such Borrower shall be suspended until the
      Administrative Agent (upon the instruction of the applicable Required Lenders)
      revokes such notice (which revocation shall be made promptly upon such
      instruction from the applicable Required Lenders). Upon receipt of such notice,
      the applicable Borrower may revoke any pending request for a Borrowing of,
      conversion to or continuation of Eurocurrency Rate Loans in the affected
      currency or currencies or, failing that, will be deemed to have converted such
      request into a request for a Committed Borrowing of Base Rate Loans in the
      amount specified therein.

    

    
      
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    Section
      3.4 Increased
      Cost and Reduced Return; Capital Adequacy;
      Reserves on Eurocurrency Rate Loans. 

    

    (a) If
      on or after (i) the date hereof, in the case of Eurocurrency Rate Loans,
      Bankers’ Acceptances, Drafts and BA Equivalent Notes, or (ii) the date that a
      Money Market Quote is given for a Money Market LIBOR Loan, any Lender determines
      that as a result of a Regulatory Change, there shall be a material increase
      in
      the cost to such Lender of agreeing to make or making, funding or maintaining
      Eurocurrency Rate Loans or Money Market LIBOR Loan or of purchasing, accepting,
      making or maintaining Bankers’ Acceptances or BA Equivalent Notes, or a
      reduction in the amount received or receivable by such Lender in connection
      with
      any Eurocurrency Rate Loan, Money Market LIBOR Loan, Bankers’ Acceptance, Draft
      or BA Equivalent
      Note (excluding for purposes of this subsection (a) any such increased costs
      or
      reduction in amount resulting from (i) Taxes or Other Taxes (as to which
Section
      3.1
      shall govern), (ii) changes in the basis of taxation of overall net income
      or
      overall gross income by the United States, Puerto Rico, Canada or any foreign
      jurisdiction or any political subdivision of either thereof under the Laws
      of
      which such Lender is organized or has its Lending Office, and (iii) reserve
      requirements utilized in the determination of the Eurocurrency Rate), then
      from
      time to time within 15 days of demand by such Lender (with a copy of such demand
      to the Administrative Agent), subject to Section
      3.4(c),
      the applicable Borrower shall pay to such Lender such additional amounts as
      will
      compensate such Lender for such increased cost or reduction.

    

    (b) If
      any Lender determines that the introduction of any Law after the date hereof
      regarding capital adequacy or any change therein or in the interpretation
      thereof, or compliance by such Lender (or its Lending Office) therewith
      (including determination that, for purposes of capital adequacy requirements,
      the Commitment of such Lender does not constitute a commitment with an original
      maturity of one year or less), has the effect of materially reducing the rate
      of
      return on the capital of such Lender or any corporation controlling such Lender
      as a consequence of such Lender’s obligations hereunder (taking into
      consideration its policies with respect to capital adequacy and such Lender’s
      desired return on capital), then from time to time upon demand of such Lender
      (with a copy of such demand to the Administrative Agent), subject to
Section
      3.4(c),the
      applicable Borrower shall pay within 15 days of demand by such Lender such
      additional amounts as will compensate such Lender for such reduction.

    

    (c) Promptly
      after receipt of knowledge of any Regulatory Change or other event that will
      entitle any Lender to compensation under this Section
      3.4,
      such Lender shall give notice thereof to the applicable Borrower and the
      Administrative Agent certifying the basis for such request for compensation
      in
      accordance with Section
      3.6(a)
      and designate a different Lending Office if such designation will avoid, or
      reduce the amount of, compensation payable under this Section
      3.4
      and will not, in the good faith judgment of such Lender, otherwise be materially
      disadvantageous to such Lender. Notwithstanding anything in Sections
      3.4(a)
      or 3.4(b)
      to the contrary, no Borrower shall be obligated to compensate any Lender for
      any
      amount arising or accruing before the earlier of (i) 180 days prior to the
      date
      on which such Lender gives notice to such Borrower and the Administrative Agent
      under this Section
      3.4(c)
      or (ii) the date such amount arose or began accruing (and such Lender did not
      know such amount was arising or accruing) as a result of the retroactive
      application of Regulatory Change or other event giving rise to the claim for
      compensation. 

    

    
      
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    Section
      3.5 Funding
      Losses. Within
      15 days after delivery of the certificate described in the Section
      3.6(a)
      by any Lender (with a copy to the Administrative Agent) from time to time,
      each
      Borrower shall promptly compensate such Lender for and hold such Lender harmless
      from any loss, cost or expense incurred by it as a result of each of the
      following (except to the extent incurred by any Lender as a result of any action
      taken pursuant to Section
      3.2):
      

    

    (a) any
      continuation, conversion, payment or prepayment of any Loan made to such
      Borrower other than a Base Rate Loan or a Canadian Prime Rate Loan on a day
      other than the last
      day of the Interest Period for such Loan (whether voluntary, mandatory,
      automatic, by reason of acceleration, or otherwise);

    

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

    

    (c) any
      failure by any Borrower to make payment of any Loan (or interest due thereon)
      denominated in an Alternative Currency on its scheduled due date or any payment
      thereof in a different currency; or

    

    (d) any
      assignment of a Eurocurrency Rate Loan on a day other than the last day of
      the
      Interest Period therefor as a result of a request by such Borrower pursuant
      to
Section 9.16;

    

    including
      any foreign exchange loss and any loss or expense arising from the liquidation
      or reemployment of funds obtained by it to maintain such Loan or from fees
      payable to terminate the deposits from which such funds were obtained but
      excluding loss of margin for the period after which any such payment or failure
      to convert, borrow or prepay.
      The applicable Borrower shall also pay any customary administrative fees charged
      by such Lender in connection with the foregoing.

     

    Section
      3.6 Matters
      Applicable to all Requests for Compensation. 

    

    (a) A
      certificate of the Administrative Agent or any Lender claiming compensation
      under this Article
      III
      and setting forth in reasonable detail the additional amount or amounts to
      be
      paid to it hereunder shall be conclusive if prepared reasonably and in good
      faith. In determining such amount, the Administrative Agent or such Lender
      may
      use any reasonable averaging and attribution methods. 

    

    
      
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    (b) If
      (i) the obligation of any Lender to make Eurocurrency Rate Loans shall be
      suspended pursuant to Section
      3.2
      or (ii) any Lender has demanded compensation under Section
      3.1
      or Section
      3.4
      with respect to Eurocurrency Rate Loans, the applicable Borrower may give notice
      to such Lender through the Administrative Agent that, unless and until such
      Lender notifies such Borrower that the circumstances giving rise to such
      suspension or demand for compensation no longer exist, effective 5 Business
      Days
      after the date of such notice from such Borrower (A) all Loans which would
      otherwise be made by such Lender as Eurocurrency Rate Loans shall be made
      instead as Base Rate Loans (on which interest and principal shall be payable
      contemporaneously with the related Eurocurrency Rate Loans of the other
      Lenders), and (B) after each of such Lender’s Eurocurrency Rate Loans has been
      repaid, all payments of principal which would otherwise be applied to
      Eurocurrency Rate Loans shall be applied to repay such Lender’s Base Rate Loans
      instead.

    

    (c) If
      any Lender makes a claim for compensation or other payment under Section
      3.1
      or Section
      3.4
      or if any Lender determines that it is unlawful or impermissible for it to
      make,
maintain
      or fund Eurocurrency Rate Loans or Money Market LIBOR Loans pursuant to
Section
      3.2,
      the applicable Borrower may replace such Lender in accordance with Section
      9.16.
      

    

    (d) Prior
      to giving notice pursuant to Section
      3.2
      or to demanding compensation or other payment pursuant to Section
      3.1
      or Section
      3.4,
      each Lender shall consult with the applicable Borrower and the Administrative
      Agent with reference to the circumstances giving rise thereto; provided
      that nothing in this Section
      3.6(d)
      shall limit the right of any Lender to require full performance by such Borrower
      of its obligations under such Sections.

    

     

    ARTICLE
      IV

     

    CONDITIONS

     

    Section
      4.1 Effectiveness.
      This Agreement shall become effective on the date that each of the following
      conditions shall have been satisfied:

     

    (a) Receipt
      by the Administrative Agent of the following, each of which shall be originals
      or facsimiles (followed promptly by originals) unless otherwise specified,
      each
      properly executed by a Responsible Officer of the applicable Borrower, each
      dated the Closing Date (or, in the case of certificates of governmental
      officials, a recent date before the Closing Date) and each in form and substance
      satisfactory to the Administrative Agent and its legal counsel:

    

    (i) executed
      counterparts of this Agreement, sufficient in number for distribution to the
      Administrative Agent, each Lender and each Borrower;

    

    (ii) a
      Note executed by each Borrower in favor of each Lender requesting a
      Note;

    

    (iii) such
      certificates of resolutions or other action, incumbency certificates and/or
      other certificates of Responsible Officers of each Borrower as the
      Administrative Agent may require evidencing the identity, authority and capacity
      of each Responsible Officer thereof authorized to act as a Responsible Officer
      in connection with this Agreement and the other Loan Documents;

    

    
      
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    (iv) such
      documents and certifications as the Administrative Agent may reasonably require
      to evidence that each Borrower is duly organized or formed, and that such
      Borrower is validly existing, in good standing and qualified to engage in
      business, in its jurisdiction of organization;

    

    (v) a
      favorable opinion of O’Melveny & Myers LLP, counsel to TMCC, addressed to
      the Administrative Agent and each Lender, as to the matters and in the form
      set
      forth in Exhibit
      H;

    

    (vi) a
      favorable opinion of Pietrantoni Méndez & Alvarez LLP, counsel to the
      Administrative Agent, addressed to the Administrative Agent and each Lender,
      as
      to the matters and in the form set forth in Exhibit
      I-1;

    

    

    (vii) a
      favorable opinion of Stikeman Elliott LLP, counsel to TCCI, addressed to the
      Administrative Agent and each Lender, as to the matters and in the form set
      forth in Exhibit
      I-2;

    

    (viii) favorable
      opinions of Freshfields Bruckhaus Deringer, counsel to TMFNL, TFSUK, TKG and
      TLG, addressed to the Administrative Agent and each Lender, as to the matters
      and in the forms set forth in Exhibit
      I-3,
      Exhibit
      I-4
      and Exhibit
      I-5;

    

    (ix) a
      favorable opinion of Shearman & Sterling LLP, counsel to the Administrative
      Agent, addressed to the Administrative Agent and each Lender, as to the matters
      and in the form set forth in Exhibit
      J;

    

    (x) on
      the Closing Date, the following statements shall be true and the Administrative
      Agent shall have received for the account of each Lender a certificate of a
      Responsible Officer of each Borrower, stating that:

    

    (A)
      the representations and warranties contained in Article V hereof are
 correct
      on and as of the Closing Date; and

    

    (B)
      no event has occurred and is continuing that constitutes a Default;
      and

    

    (xi) such
      other assurances, certificates, documents or consents as the Administrative
      Agent, the Swing Line Lenders or the applicable Required Lenders reasonably
      may
      require.

    

    (b) Any
      fees required to be paid on or before the Closing Date shall have been
      paid.

    

    (c) Unless
      waived by the Administrative Agent, the Borrowers shall have paid all Attorney
      Costs of the Administrative Agent to the extent invoiced prior to or on the
      Closing Date, plus such additional amounts of Attorney Costs as shall constitute
      its reasonable estimate of Attorney Costs incurred or to be incurred by it
      through the closing proceedings (provided that such estimate shall not
      thereafter preclude a final settling of accounts between the Borrowers and
      the
      Administrative Agent).

    

    
      
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    (d) The
      Borrowers shall have terminated the commitments, and paid in full all
      indebtedness, interest, fees and other amounts outstanding, under (i) the
      364-Day Credit Agreement dated as of March 29, 2006 among TMCC, TCPR, TCCI,
      the
      lenders parties thereto, Bank of America, N.A., as syndication agent, The Bank
      of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas and JPMorgan Chase Bank, N.A., as
      documentation agents, and Citicorp USA, Inc., as administrative agent for the
      lenders and (ii) the credit facilities of TMFNL and TFSUK listed on Schedule
      4.1(d) hereto. Each of the Lenders that is a party to any of the foregoing
      credit facilities hereby waives, upon execution of this Agreement, the
      requirement of prior notice under such credit agreement relating to the
      termination of commitments thereunder.

    
 

    Without
      limiting the generality of the provisions of Section
      8.3,
      for purposes of determining compliance with the conditions specified in this
      Section
      4.1,
      each Lender that has signed this Agreement shall be deemed to have consented
      to,
      approved or accepted or to be satisfied with, each document or other matter
      required thereunder to be consented to or approved by or acceptable or
      satisfactory to a Lender unless the Administrative Agent shall have received
      notice from such Lender prior to the proposed Closing Date specifying its
      objection thereto.

    

    Section
      4.2 Conditions
      to all Loans.
      The obligation of each Lender to honor any Request for Loans (other than a
      Committed Loan Notice requesting only a conversion of Committed Loans to the
      other Type, or a continuation of Eurocurrency Rate Loans) made by any Borrower
      is subject to the following conditions precedent:

    

    (a) The
      representations and warranties of such Borrower contained in Article
      V
      (except for the representations and warranties set forth in Section
      5.4(b),
      the accuracy of which it is expressly agreed shall not be a condition to making
      Loans) shall be true and correct on and as of the date of such Loan, except
      (A)
      to the extent that such representations and warranties specifically refer to
      an
      earlier date, in which case they shall be true and correct as of such earlier
      date, and (B) except that for purposes of this Section
      4.2,
      the representations and warranties contained in Section
      5.4(a)
      shall be deemed to refer to the most recent statements furnished from time
      to
      time pursuant to Section
      6.1(a).
      

    

    (b) No
      Default with respect to such Borrower shall exist, or would result from such
      proposed Loan.

    

    (c) The
      Administrative Agent, the Canadian Sub-Agent or Swing Line Agent, as applicable,
      shall have received a Request for Loans in accordance with the requirements
      hereof.

    

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

    

     

    
      
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    ARTICLE
      V

     

    REPRESENTATIONS
      AND WARRANTIES

     

    Each
      Borrower represents and warrants to the Administrative Agent and the Lenders
      that:

     

    Section  5.1
      Corporate
      Existence and Power.
      Such Borrower is a corporation duly incorporated, validly existing and in good
      standing under the Laws of its jurisdiction or organization, and has all
      corporate powers and
      all material governmental licenses, authorizations, consents and approvals
      required to carry on its business as now conducted. Such Borrower is in
      compliance with all Laws except (i) where failure to be so could not reasonably
      be expected to cause a material adverse change in the business, financial
      position or results of operations of such Borrower and its Consolidated
      Subsidiaries considered as a whole or (ii) such requirement of Law or order,
      writ, injunction or decree is being contested in good faith by appropriate
      proceedings diligently conducted. 

     

    Section  5.2
      Corporate
      and Governmental Authorization: No Contravention.
      The execution, delivery and performance by such Borrower of this Agreement
      and
      each other Loan Document are within such Borrower’s corporate powers, have been
      duly authorized by all necessary corporate action, require no action by or
      in
      respect of, or filing with, any Governmental Authority and do not contravene,
      or
      constitute a default under, (i) any provision of applicable Law or of the
      Organization Documents of such Borrower or (ii) of any agreement, judgment,
      injunction, order, decree or other instrument binding upon such Borrower or
      any
      of its Subsidiaries where such default, individually or in the aggregate, would
      be reasonably likely to result in a material adverse change in the business,
      financial position or results of operations of such Borrower and its
      Subsidiaries, considered as a whole.

     

    Section  5.3
      Binding
      Effect.
      This Agreement constitutes a valid and binding agreement of such Borrower and
      each other Loan Document, when executed and delivered by such Borrower in
      accordance with this Agreement, will constitute a valid and binding obligation
      of such Borrower, in each case enforceable in accordance with its terms, except
      as may be limited by bankruptcy, insolvency, reorganization, moratorium or
      similar laws relating to or limiting creditors’ rights generally or by equitable
      principles relating to enforceability.

     

    Section  5.4
      Financial
      Information.

     

    (a) The
      Audited Financial Statements applicable to such Borrower (i) were prepared
      in
      accordance with GAAP consistently applied throughout the period covered thereby,
      except as otherwise expressly noted therein and (ii) fairly present, in
      conformity with GAAP consistently applied throughout the period covered thereby,
      except as otherwise expressly provided therein, (A) in the case of TMCC, the
      consolidated financial position of TMCC and its Consolidated Subsidiaries as
      of
      such date and their consolidated results of operations and cash flows for such
      fiscal year, (B) in the case of TFSUK, the consolidated financial position
      of
      TFSUK and its Consolidated Subsidiaries as of such date and their consolidated
      results of operations for such fiscal year , (C) in the case of TKG, the
      consolidated financial position of TKG and its Consolidated Subsidiaries as
      of
      such date and their consolidated results of operations for such fiscal year
      and
      (D) in the case of each other Borrower, the financial position of such Borrower
      as of such date and its results of operations and cash flow for such fiscal
      year.

     

    
      
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    (b) Since
      the date of the Audited Financial Statements, there has been no material adverse
      change in the business, financial position or results of operations of such
      Borrower and its Consolidated Subsidiaries, considered as a whole.

    

    Section  5.5
      Litigation.
      There is no action, suit or proceeding pending against, or to the knowledge
      of
      such Borrower threatened against or affecting, such Borrower or any of its
      Subsidiaries before any court, arbiter, or Governmental Authority in which
      there
      is a reasonable likelihood of an adverse decision which could materially
      adversely affect the business, consolidated financial position or consolidated
      results of operations of such Borrower and its Subsidiaries, considered as
      a
      whole, or which contests the validity of this Agreement or any Loan
      Document.

     

    Section  5.6
      Compliance
      with ERISA.
      Each member of the ERISA Group has fulfilled its obligations under the minimum
      funding standards of ERISA and the Internal Revenue Code with respect to each
      Plan and is in compliance in all material respects with the presently applicable
      provisions of ERISA, the Internal Revenue Code and the Puerto Rico Code with
      respect to each Plan. No member of the ERISA Group has (i) sought a waiver
      of
      the minimum funding standard under Section 412 of the Internal Revenue Code
      in
      respect of any Plan, (ii) failed to make any contribution or payment to any
      Plan
      or Multiemployer Plan or in respect of any Benefit Arrangement, or made any
      amendment to any Plan or Benefit Arrangement, which has resulted or could result
      in the imposition of a lien or the posting of a bond or other security under
      ERISA or the Internal Revenue Code or (iii) incurred any liability under Title
      IV of ERISA other than a liability to the PBGC for premiums under Section 4007
      of ERISA.

     

    Section  5.7
      Taxes.
      Such Borrower and its Subsidiaries have filed all income tax returns required
      to
      be filed under the Code, the Puerto Rico Code and the ITA and all other material
      tax returns which are required to be filed by them and have paid all taxes,
      assessments, fees and other governmental charges due pursuant to such returns
      or
      pursuant to any assessment received by such Borrower or any Subsidiary, except
      any assessment that is being contested in good faith by appropriate proceedings
      diligently conducted and for which reserves have been provided in accordance
      with GAAP. The charges, accruals and reserves on the books of such Borrower
      and
      its Subsidiaries in respect of taxes or other governmental charges are, in
      the
      opinion of such Borrower, adequate.

     

    Section  5.8
      Subsidiaries.
      Each Significant Subsidiary of any Borrower is a Person duly organized, validly
      existing and in good standing under the Laws of its jurisdiction of
      incorporation, and has all organizational powers and all material governmental
      licenses, authorizations, consents and approvals required to carry on its
      business as now conducted.

     

    Section  5.9
      Not
      an Investment Company.
      Such Borrower is not an “investment company” within the meaning of the
      Investment Company Act of 1940, as amended.

     

    
      
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    Section  5.10
      Disclosure.
      All written information heretofore furnished by such Borrower to the
      Administrative Agent or any Lender for purposes of or in connection with this
      Agreement or any transaction contemplated hereby is, and all such information
      hereafter furnished by such Borrower to the Administrative Agent or any Lender
      will, on the date as of which such information is delivered or certified, not
      contain any
      material misstatement of fact or omit to state any material fact necessary
      to
      make the statements therein, in light of the circumstances under which they
      were
      made, not misleading; provided
      that, with respect to projected financial information, the Borrowers represent
      only that such information was prepared in good faith based upon assumptions
      believed by them to be reasonable at the time (it being understood that
      projections are not to be viewed as facts and that actual results may differ
      significantly from such projections).

     

    Section  5.11
      Representations
      as to Non-US Obligors.
      Each
      of TMFNL, TFSUK, TKG, TCCI and TLG (each, a “Non-US
      Obligor”)
      additionally represents and warrants to the Administrative Agent and the Lenders
      that:

     

    (a) Such
      Non-US Obligor
      is subject to Laws with respect to its obligations under this Agreement and
      the
      other Loan Documents to which it is a party (collectively as to such Non-US
      Obligor, the “Applicable
      Non-US Obligor Documents”),
      and the execution, delivery and performance by such Non-US Obligor of the
      Applicable Non-US Obligor Documents constitute and will constitute private
      and
      commercial acts and not public or governmental acts. Neither such Non-US Obligor
      nor any of its property has any immunity from jurisdiction of any court or
      from
      any legal process (whether through service or notice, attachment prior to
      judgment, attachment in aid of execution, execution or otherwise) under the
      laws
      of the jurisdiction in which such Non-US Obligor is organized and existing
      in
      respect of its obligations under the Applicable Non-US Obligor
      Documents.

     

    (b) The
      Applicable Non-US Obligor Documents are in proper legal form under the Laws
      of
      the jurisdiction in which such Non-US Obligor is organized and existing for
      the
      enforcement thereof against such Non-US Obligor under the Laws of such
      jurisdiction, and to ensure the legality, validity, enforceability, priority
      or
      admissibility in evidence of the Applicable Non-US Obligor Documents. It is
      not
      necessary to ensure the legality, validity, enforceability, priority or
      admissibility in evidence of the Applicable Non-US Obligor Documents that the
      Applicable Non-US Obligor Documents be filed, registered or recorded with,
      or
      executed or notarized before, any court or other authority in the jurisdiction
      in which such Non-US Obligor is organized and existing or that any registration
      charge or stamp or similar tax be paid on or in respect of the Applicable Non-US
      Obligor Documents or any other document, except for (i) any such filing,
      registration, recording, execution or notarization as has been made or is not
      required to be made until the Applicable Non-US Obligor Document or any other
      document is sought to be enforced and (ii) any charge or tax as has been timely
      paid.

     

    (c) There
      is no tax, levy, impost, duty, fee, assessment or other governmental charge,
      or
      any deduction or withholding, imposed by any Governmental Authority in or of
      the
      jurisdiction in which such Non-US Obligor is organized and existing either
      (i)
      on or by virtue of the execution or delivery of the Applicable Non-US Obligor
      Documents or (ii) on any payment to be made by such Non-US Obligor pursuant
      to
      the Applicable Non-US Obligor Documents, except as has been disclosed to the
      Administrative Agent.

     

    

    
      
        
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    (d) The
      execution, delivery and performance of the Applicable Non-US Obligor Documents
      executed by such Non-US Obligor are, under applicable foreign exchange control
      regulations of the jurisdiction in which such Non-US Obligor is organized and
      existing, not subject to any notification or authorization except (i) such
      as
      have been made or obtained or (ii) such as cannot be made or obtained until
      a
      later date (provided
      that any notification or authorization described in clause (ii) shall be made
      or
      obtained as soon as is reasonably practicable).

     

     

    

     

     

    ARTICLE
      VI

     

    COVENANTS

     

    Each
      Borrower agrees that, so long as any Lender has any Commitment hereunder to
      such
      Borrower or any Loan or any Obligation of such Borrower hereunder shall remain
      unpaid or unsatisfied:

     

    Section  6.1
      Information.
      Such Borrower will deliver to the Administrative Agent and each of the
      Lenders:

     

    (a) as
      soon as available and in any event within 180 days after the end of each fiscal
      year of such Borrower, a consolidated balance sheet of such Borrower and its
      Consolidated Subsidiaries as of the end of such fiscal year and the related
      consolidated statements of income and cash flows for such fiscal year (to the
      extent that such Borrower is required to prepare statements of cash flows in
      accordance with GAAP), setting forth in each case in comparative form the
      figures for the previous fiscal year, all reported on by independent public
      accountants of nationally recognized standing;

     

    (b) as
      soon as available and in any event within 60 days after the end of each of
      the
      first three quarters of each fiscal year of such Borrower, a consolidated
      balance sheet of such Borrower and its Consolidated Subsidiaries as of the
      end
      of such quarter and the related consolidated statements of income and cash
      flows
      for such quarter and for the portion of such Borrower’s fiscal year ended at the
      end of such quarter setting forth in the case of such statements of income
      and
      cash flow in comparative form the figures for the corresponding quarter and
      the
      corresponding portion of such Borrower’s fiscal year; provided,
      however,
      that no Borrower other than TMCC and TCPR shall be required to provide financial
      information under this subsection (b);

     

    (c) simultaneously
      with the delivery of each set of financial statements referred to in subsection
      (a) above, a Compliance Certificate;

     

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

     

    
      
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    (e) promptly
      after the same are available, copies of all annual registration statements
      (other
      than exhibits thereto, pricing supplements and any registration statements
      (x)
      on Form S-8 or its equivalent or (y) in connection with asset securitization
      transactions) and reports on Forms 10-K, 10-Q and 8-K (or their equivalents)
      which such Borrower shall have filed with the SEC under Section 13 or 15(d)
      of
      the Securities Exchange Act of 1934 and not otherwise required to be delivered
      to the Administrative Agent pursuant hereto;

     

    (f) within
      15 days after any officer of such Borrower at any time obtains knowledge that
      any representation or warranty set forth in Section
      5.6
      would not be true if made at such time, a certificate of the chief financial
      officer or the chief accounting officer of such Borrower setting forth the
      details thereof and the action which such Borrower is taking or proposes to
      take
      with respect thereto; and 

     

    (g) from
      time to time such additional information regarding the financial position or
      business of such Borrower and its Subsidiaries as the Administrative Agent,
      at
      the request of any Lender, may reasonably request.

     

    Documents
      required to be delivered pursuant to Section
      6.1(a),
      (b)
      or (e)
      may be delivered electronically and if so delivered, shall be deemed to have
      been delivered on the date (i) on which such Borrower posts such documents,
      or
      provides a link thereto on such Borrower's website on the Internet at the
      website address listed on Schedule
      9.2;
      or (ii) on which such documents are posted on such Borrower’s behalf on
      IntraLinks/IntraAgency or another relevant website, if any, to which each Lender
      and the Administrative Agent have access (whether a commercial, third-party
      website or whether sponsored by the Administrative Agent); provided
      that: (i) such Borrower shall deliver paper copies of such documents to the
      Administrative Agent or any Lender that requests such Borrower to deliver such
      paper copies until a written request to cease delivering paper copies is given
      by the Administrative Agent or such Lender and (ii) such Borrower shall notify
      (which may be by facsimile or electronic mail) the Administrative Agent, which
      shall notify the Lenders, of the posting of any such documents and provide
      to
      the Administrative Agent by electronic mail electronic versions (i.e.,
      soft copies) of such documents. The Administrative Agent shall have no
      obligation to request the delivery or to maintain copies of the documents
      referred to above, and in any event shall have no responsibility to monitor
      compliance by any Borrower with any such request for delivery, and each Lender
      shall be solely responsible for requesting delivery to it or maintaining its
      copies of such documents.

     

    Each
      Borrower hereby acknowledges that (a) the Administrative Agent, the Sub-Agents
      and the Arrangers will make available to the Lenders materials and/or
      information provided by or on behalf of such Borrower hereunder (collectively,
      “Borrower
      Materials”)
      by posting the Borrower Materials on IntraLinks or another similar electronic
      system (the “Platform”)
      and (b) certain of the Lenders (each, a “Public
      Lender”)
      may have personnel who do not wish to receive material non-public information
      with respect to any of the Borrowers or their respective Affiliates, or the
      respective securities of any of the foregoing, and who may be engaged in
      investment and other market-related activities with respect to such Persons’
securities. The Administrative Agent, the Sub-Agents, the Arrangers and each
      Borrower hereby agree that (w) no Borrower Materials shall be made available
      to
      Public Lenders unless such Borrower has clearly and conspicuously marked such
      Borrower Materials “PUBLIC” which, at a minimum, shall mean that the word
“PUBLIC” shall appear prominently on the first page thereof; (x) by marking
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    Sub-Agents,
      the Arrangers and the Lenders to treat such Borrower Materials as not containing
      any material non-public information with respect to the Borrowers or their
      respective securities for purposes of United States Federal and state securities
      laws (provided,
      however,
      that to the extent such Borrower Materials constitute Information, they shall
      be
      treated as set forth in Section
      9.8);
      (y) all Borrower Materials marked “PUBLIC” are permitted to be made available
      through a portion of the Platform designated “Public Investor;” and (z) the
      Administrative Agent, the Sub-Agents and the Arrangers shall treat any Borrower
      Materials that are not marked “PUBLIC” as being suitable only for posting on a
      portion of the Platform not designated “Public Investor.” 

    

    Section  6.2
      Maintenance
      of Property; Insurance.

     

    (a) Such
      Borrower will keep, and will cause each Significant Subsidiary to keep, all
      material property useful and necessary in its business in good working order
      and
      condition, ordinary wear and tear excepted.

     

    (b) Such
      Borrower will maintain, and will cause each Significant Subsidiary to maintain,
      with financially sound and reputable insurance companies insurance in at least
      such amounts and against at least such risks (and with such risk retention)
      as
      are usually insured against by companies of established repute engaged in the
      same or similar business as such Borrower or such Significant Subsidiary, and
      such Borrower will promptly furnish to the Administrative Agent and the Lenders
      such information as to insurance carried as may be reasonably requested in
      writing by the Administrative Agent.

     

    Section 6.3
      Conduct
      of Business and Maintenance of Existence.
      Such Borrower will continue, and will cause each Significant Subsidiary to
      continue, to engage in business of the same general type as conducted by such
      Borrower and its Significant Subsidiaries on the Closing Date and business
      reasonably related or incidental thereto and will preserve, renew and keep
      in
      full force and effect, and will cause each Significant Subsidiary to preserve,
      renew and keep in full force and effect, their respective corporate existence
      and their respective rights, privileges and franchises necessary or desirable
      in
      the normal conduct of business; provided
      that nothing in this Section
      6.3
      shall prohibit (i) any merger or consolidation involving such Borrower which
      is
      permitted by Section
      6.6,
      (ii) the merger of a Significant Subsidiary into such Borrower or the merger
      or
      consolidation of a Significant Subsidiary with or into another Person if the
      corporation surviving such consolidation or merger is a Significant Subsidiary
      and if, in each case, after giving effect thereto, no Default with respect
      to
      such Borrower shall have occurred and be continuing or (iii) the termination
      of
      the corporate existence of any Significant Subsidiary if such Borrower in good
      faith determines that such termination is in the best interest of such Borrower
      and is not materially disadvantageous to the Lenders.

     

    Section  6.4
      Compliance
      with Laws.
      Such Borrower will comply, and cause each Significant Subsidiary to comply,
      in
      all material respects with all applicable Laws (including, without limitation,
      Environmental Laws and ERISA and the rules and regulations thereunder) except
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    therewith
      is contested in good faith by appropriate proceedings.

     

    Section  6.5
      Negative
      Pledge.
      Such Borrower will not pledge or otherwise subject to any lien any property
      or
      assets of such Borrower unless the Loans and the Obligations of such Borrower
      under this Agreement are secured by such lien equally and ratably with all
      other
      obligations secured thereby so long as such other obligations shall be so
      secured; provided,
      however,
      that such covenant will not apply to liens securing obligations which do not
      in
      the aggregate at any one time outstanding exceed 20% of Net Tangible Assets
      (as
      defined below) of such Borrower and its Consolidated Subsidiaries and also
      will
      not apply to:

     

    (a) the
      pledge of any assets of such Borrower to secure any financing by such Borrower
      of the exporting of goods to or between, or the marketing thereof in,
      jurisdictions other than the United States, Puerto Rico, Canada, the
      Netherlands, Germany and the United Kingdom in connection with which such
      Borrower reserves the right, in accordance with customary and established
      banking practice, to deposit, or otherwise subject to a lien, cash, securities
      or receivables, for the purpose of securing banking accommodations or as the
      basis for the issuance of bankers’ acceptances or in aid of other similar
      borrowing arrangements;

     

    (b) the
      pledge of receivables of such Borrower payable in currencies other than US
      Dollars to secure borrowings in jurisdictions other than the United States,
      Puerto Rico, Canada, the Netherlands, Germany and the United
      Kingdom;

     

    (c) any
      deposit
      of assets
      of such Borrower in favor of any governmental bodies to secure progress, advance
      or other payments under a contract or statute;

     

    (d) any
      lien or charge on any property of such Borrower, tangible or intangible, real
      or
      personal, existing at the time of acquisition or construction of such property
      (including acquisition through merger or consolidation) or given to secure
      the
      payment of all or any part of the purchase or construction price thereof or
      to
      secure any indebtedness incurred prior to, at the time of, or within one year
      after, the acquisition or completion of construction thereof for the purpose
      of
      financing all or any part of the purchase or construction price
      thereof;

     

    (e) bankers’
      liens or rights
      of offset;

     

    (f) any
      lien securing the performance of any contract or undertaking not directly or
      indirectly in connection with the borrowing of money, obtaining of advances
      or
      credit or the securing of debt, if made and continuing in the ordinary course
      of
      business;

     

    (g) any
      lien to secure nonrecourse obligations in connection with such Borrower’s
      engaging in leveraged or single-investor lease transactions;

     

    (h) any
      lien to secure payment obligations with respect to (x) rate swap transactions,
      swap options, basis swaps, forward rate transactions, commodity swaps, commodity
      options, equity or equity index swaps, equity or equity index options, bond
      options, interest rate options, foreign exchange transactions, cap transactions,
      floor transactions, collar transactions, currency swap transactions,
      cross-currency rate swap transactions, currency options, credit protection
      

     

    

    
      
        
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    transactions,
      credit swaps, credit default swaps, credit default options, total return swaps,
      credit spread transactions, repurchase transactions, reverse repurchase
transactions,
      buy/sell-back transactions, securities lending transactions, weather index
      transactions, or forward purchases or sales of a security, commodity or other
      financial instrument or interest (including any option with respect to any
      of
      these transactions), or (y) transactions that are similar to those described
      above; 

     

        
(i)
      for the
      avoidance of doubt, any lien or security interest granted or arising in
      connection with a bona fide securitization transaction by which such
      Borrower sells vehicle loan receivables, vehicle installment contracts, vehicle
      leases (together with or without the underlying vehicles), and/or other
      receivables or assets, the records relating thereto and the proceeds, rights
      and
      benefits accruing to it thereunder (the "Securitized Assets") and
      underlying vehicles if not included with the Securitized Assets to a trust
      or
      entity established for the purpose of, among other things, purchasing, holding
      or owning Securitized Assets; and

     

    (j) any
      extension, renewal or replacement (or successive extensions, renewals or
      replacements), in whole or in part, of any lien, charge or pledge referred
      to in
      the foregoing clauses (a) to (i), inclusive, of this Section
      6.5;
      provided,
      however,
      that the amount of any and all obligations and indebtedness secured thereby
      shall not exceed the amount thereof so secured immediately prior to the time
      of
      such extension, renewal or replacement and that such extension, renewal or
      replacement shall be limited to all or a part of the property which secured
      the
      charge or lien so extended, renewed or replaced (plus improvements on such
      property).

     

    “Net
      Tangible Assets”
      means, with respect to any Borrower, the aggregate amount of assets (less
      applicable reserves and other properly deductible items) of such Borrower and
      its Consolidated Subsidiaries after deducting therefrom all goodwill, trade
      names, trademarks, patents, unamortized debt discount and expense and other
      like
      intangibles of such Borrower and its Consolidated Subsidiaries, all as set
      forth
      on the most recent balance sheet of such Borrower and its Consolidated
      Subsidiaries prepared in accordance with GAAP.

     

    Section  6.6
      Consolidations.
      Mergers
      and Sales of Assets.
      (a) Such Borrower shall not consolidate with or merge into any other Person
      or
      convey, transfer or lease (whether in one transaction or in a series of
      transactions) all or substantially all of its properties and assets to any
      Person, unless:

     

    (i) the
      Person formed by such consolidation or into which such Borrower is merged or
      the
      Person which acquires by conveyance or transfer, or which leases, all or
      substantially all of the properties and assets of such Borrower shall be a
      Person organized and existing under the Laws of the jurisdiction of organization
      of such Borrower, the United States of America, any State thereof, the District
      of Columbia or Puerto Rico or, in the case of TCCI, Canada or any province
      of
      Canada (the “Successor
      Corporation”)
      and shall expressly assume, by an amendment or supplement to this Agreement,
      signed by such Borrower and such Successor Corporation and delivered to the
      Administrative Agent, such Borrower’s obligation with respect to the due and
      punctual payment of the principal of and interest on all the Loans made to
      such
      Borrower and the due and punctual payment of all other Obligations payable
      by
      such Borrower 

     

    

    
      
        
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    hereunder
      and the performance or observance of every covenant herein on the part of such
      Borrower to be performed or observed; 

     

    (ii) immediately
      after giving effect to such transaction and treating any indebtedness which
      becomes an obligation of such Borrower as a result of such transaction as having
      been incurred by such Borrower at the time of such transaction, no Default
      with
      respect to such Borrower shall have happened and be continuing;

     

    (iii) if,
      as a result of any such consolidation or merger or such conveyance, transfer
      or
      lease, properties or assets of such Borrower would become subject to a mortgage,
      pledge, lien, security interest or other encumbrance which would not be
      permitted by Section
      6.5
      hereof, such Borrower or the Successor Corporation, as the case may be, takes
      such steps as shall be necessary effectively to secure the Loans and the
      Obligations of such Borrower under this Agreement equally and ratably with
      (or
      prior to) all indebtedness secured thereby; and

     

    (iv) such
      Borrower has delivered to the Administrative Agent a certificate signed by
      an
      executive officer, together with a written opinion or opinions of counsel
      satisfactory to the Administrative Agent (who may be counsel to such Borrower),
      stating that such amendment or supplement to this Agreement complies with this
      Section
      6.6
      and that all conditions precedent herein provided for relating to such
      transaction have been complied with.

     

    (b) Upon
      any consolidation or merger or any conveyance, transfer or lease of all or
      substantially all of the properties and assets of such Borrower in accordance
      with Section
      6.6(a),
      the Successor Corporation shall succeed to, and be substituted for, and may
      exercise every right and power of, such Borrower under this Agreement and the
      Loans with the same effect as if the Successor Corporation had been named as
      a
      Borrower therein and herein, and thereafter, such Borrower, except in the case
      of a lease of such Borrower’s properties and assets, shall be released from its
      liability as obligor on any of the Loans and under this Agreement.

     

    Section  6.7
      Use
      of Proceeds.
      The proceeds of the Loans made under this Agreement will be used by such
      Borrower for its general corporate purposes including, without limitation,
      the
      refunding of its maturing commercial paper. None of such proceeds will be used,
      directly or indirectly, for the purpose, whether immediate, incidental or
      ultimate of buying or carrying any “margin stock” within the meaning of
      Regulation U. During the Tranche A Availability Period, the Tranche B
      Availability Period, the Tranche C Availability Period and the Tranche D
      Availability Period, as applicable, subject to the other terms and conditions
      of
      this Agreement, such Borrower may request and use the proceeds of Loans of
      one
      Type to repay outstanding Loans of another Type.

     

     

    ARTICLE
      VII

     

    DEFAULTS

     

    Section  7.1
      Events
      of Default.
      If one or more of the following events (“Events
      of Default”)
      shall have occurred and be continuing with respect
      to a Borrower:

     

    (a) such
      Borrower shall fail to pay when due any principal of any Loan made to it or
      shall fail to pay within 5 days of the due date thereof any interest on any
      Loan, any fees or any other amount payable by it hereunder; 

     

    
      
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    (b) such
      Borrower shall fail to observe or perform any covenant contained in Section
      6.1(d),
      Section
      6.5,
      Section
      6.6
      or Section
      6.7;

     

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

     

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

     

    (e) indebtedness
      for borrowed money of such Borrower or any of its Subsidiaries in an aggregate
      amount in excess of US$ 50,000,000 or its Dollar Equivalent shall not be paid
      when due or shall be accelerated prior to its stated maturity date and, within
      10 days after written notice thereof is given to such Borrower by the
      Administrative Agent, such indebtedness shall not be discharged or such
      acceleration shall not be rescinded or annulled;

     

    (f) such
      Borrower or any Significant Subsidiary of such Borrower shall commence or
      consent to the commencement of any proceeding under any Debtor Relief Law,
      or
      makes an assignment for the benefit of creditors; or applies for or consents
      to
      the appointment of any receiver, trustee, custodian, conservator, liquidator,
      rehabilitator or similar officer for it or for all or any material part of
      its
      property; or any receiver, trustee, custodian, conservator, liquidator,
      rehabilitator or similar officer is appointed without the application or consent
      of such Person and the appointment continues undischarged or unstayed for 60
      calendar days; or any proceeding under any Debtor Relief Law relating to any
      such Person or to all or any material part of its property is instituted without
      the consent of such Person and continues undismissed or unstayed for 60 calendar
      days, or an order for relief is entered in any such proceeding;

     

    (g) any
      member of the ERISA Group shall fail to pay when due an amount or amounts
      aggregating in excess of US$10,000,000 which it shall have become liable to
      pay
      under Title IV of ERISA; or notice of intent to terminate a Material Plan shall
      be filed under Title IV of ERISA by any member of the ERISA Group, any plan
      administrator or any combination of the foregoing; or the PBGC shall institute
      proceedings under Title IV of ERISA to terminate, to impose liability (other
      than for premiums under Section 4007 of ERISA) in respect of, or to cause a
      trustee to be appointed to administer any Material Plan; or a condition shall
      exist by reason of which the PBGC would be entitled to obtain a decree
      adjudicating that any Material Plan must be terminated; or there shall occur
      a
      complete or partial withdrawal from, or a default, within the meaning of Section
      4219(c)(5) of ERISA, with respect to, one or more Multiemployer Plans
      which could cause one or more members of the ERISA Group to incur a current
      payment obligation in excess of US$50,000,000;

     

    (h) judgments
      or orders for the payment of money in excess of US$50,000,000 or its Dollar
      Equivalent in the aggregate shall be rendered against such Borrower or any
      Significant Subsidiary of such Borrower and such judgments or orders shall
      continue unsatisfied and unstayed for a period of 30 days; or

     

    
      
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    (i) such
      Borrower shall cease to be a TMC Consolidated Subsidiary;

     

    then,
      and in every such event, the Administrative Agent shall, at the request of,
      or
      may, with the consent of, the applicable Required Lenders and after notice
      to
      the applicable Borrower (i) terminate the commitment of each Lender to make
      Loans to such Borrower, and they shall thereupon terminate, and (ii) declare
      the
      unpaid principal amount of all outstanding Loans made to such Borrower, all
      interest accrued and unpaid thereon, and all other amounts owing or payable
      hereunder or under any other Loan Document by such Borrower to be immediately
      due and payable without presentment, demand, protest or other notice of any
      kind, all of which are hereby expressly waived by each Borrower; provided,
      however,
      that upon the occurrence of an actual or deemed entry of an order for relief
      with respect to any Borrower under the Bankruptcy Code of the United States,
      the
      obligation of each Lender to make Loans to such Borrower shall automatically
      terminate, the unpaid principal amount of all outstanding Loans made to such
      Borrower and all interest and other amounts as aforesaid shall automatically
      become due and payable.

     

    Section
      7.2 Application
      of Funds. After
      the exercise of remedies provided for in Section
      7.1
      (or after the Loans have automatically become immediately due and payable),
      any
      amounts received on account of the Obligations of any Borrower shall be applied
      by the Administrative Agent in the following order:

    

    First,
      to payment of that portion of the Obligations of such Borrower constituting
      fees, indemnities, expenses and other amounts (including Attorney Costs and
      amounts payable under Article
      III)
      payable to the Administrative Agent in its capacity as such;

    

    Second,
      to payment of that portion of the Obligations of such Borrower constituting
      fees, indemnities and other amounts (other than principal and interest) payable
      to the appropriate Lenders (including Attorney Costs and amounts payable under
      Article
      III),
      ratably among them in proportion to the amounts described in this clause
Second
      payable to them;

    

    Third,
      to payment of that portion of the Obligations of such Borrower constituting
      accrued and unpaid interest on the Loans, ratably among the appropriate Lenders
      in proportion to the respective amounts described in this clause Third
      payable to them;

    

    Fourth,
      to payment of that portion of the Obligations of such Borrower constituting
      unpaid principal of the Loans, ratably among the appropriate Lenders in
      proportion to the respective amounts described in this clause Fourth
      held by them; and

    

    

    Last,
      the balance, if any, after all of the Obligations of such Borrower have been
      indefeasibly paid in full, to such Borrower or as otherwise required by
      Law.

    

    ARTICLE
      VIII

     

    THE
      ADMINISTRATIVE AGENT

     

    

     

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

    

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

    

    Section
      8.3 Liability
      of Administrative Agent. No
      Agent-Related Person shall (a) be liable for any action taken or omitted to
      be
      taken by any of them under or in connection with this Agreement or any other
      Loan Document or the transactions contemplated hereby (except for its own gross
      negligence or willful misconduct in connection with its duties expressly set
      forth herein) or (b) be responsible in any manner to any Lender or participant
      for any recital, statement, representation or warranty made by any Borrower
      or
      any officer thereof, contained herein or in any other Loan Document, or in
      any
      certificate, report, statement or other document referred to or provided for
      in,
      or received by the Administrative Agent under or in connection with, this
      Agreement or any other Loan Document, or the validity, effectiveness,
      genuineness, enforceability or sufficiency of this Agreement or any other Loan
      Document, or for any failure of any Borrower or any other party to any
      Loan Document to perform its obligations hereunder or thereunder. No
      Agent-Related Person shall be under any obligation to any Lender or participant
      to ascertain or to inquire as to the observance or performance of any of the
      agreements contained in, or conditions of, this Agreement or any other Loan
      Document, or to inspect the properties, books or records of any Borrower or
      any
      Affiliate thereof.

    

    
      
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    Section
      8.4 Reliance
      by Administrative Agent.
      The Administrative Agent shall be entitled to rely, and shall be fully protected
      in relying, upon any writing, communication, signature, resolution,
      representation, notice, consent, certificate, affidavit, letter, facsimile
      or
      telephone message, electronic mail message, statement or other document or
      conversation believed by it to be genuine and correct and to have been signed,
      sent or made by the proper Person or Persons, and upon advice and statements
      of
      legal counsel (including counsel to the Borrowers), independent accountants
      and
      other experts selected by the Administrative Agent. The Administrative Agent
      shall be fully justified in failing or refusing to take any action under any
      Loan Document unless it shall first receive such advice or concurrence of the
      applicable Required Lenders as it deems appropriate and, if it so requests,
      it
      shall first be indemnified to its satisfaction by the Lenders against any and
      all liability and expense which may be incurred by it by reason of taking or
      continuing to take any such action. The Administrative Agent shall in all cases
      be fully protected in acting, or in refraining from acting, under this Agreement
      or any other Loan Document in accordance with a request or consent of the
      applicable Required Lenders (or such greater number of Lenders as may be
      expressly required hereby in any instance) and such request and any action
      taken
      or failure to act pursuant thereto shall be binding upon all the
      Lenders.

    

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

     

    Section
      8.6 Credit
      Decision; Disclosure of Information by Administrative Agent. Each
      Lender acknowledges that no Agent-Related Person has made any representation
      or
      warranty to it, and that no act by the Administrative Agent hereafter taken,
      including any consent to and acceptance of any assignment or review of the
      affairs of any Borrower or any Affiliate thereof, shall be deemed to constitute
      any representation or warranty by any Agent-Related Person to any Lender as
      to
      any matter, including whether Agent-Related Persons have disclosed material
      information in their possession. Each Lender acknowledges that it has,
      independently and without reliance upon any Agent-Related Person and based
      on
      such documents and information as it has deemed appropriate, made its own
      appraisal of and investigation into the business,
      prospects, operations, property, financial and other condition and
      creditworthiness of each Borrower, and all applicable bank or other regulatory
      Laws relating to the transactions contemplated hereby, and made its own decision
      to enter into this Agreement and to extend credit to a Borrower hereunder.
      Each
      Lender also acknowledges that it will, independently and without reliance upon
      any Agent-Related Person and based on such documents and information as it
      shall
      deem appropriate at the time, continue to make its own credit analysis,
      appraisals and decisions in taking or not taking action under this Agreement
      and
      the other Loan Documents, and to make such investigations as it deems necessary
      to inform itself as to the business, prospects, operations, property, financial
      and other condition and creditworthiness of each Borrower. Except for notices,
      reports and other documents expressly required to be furnished to the Lenders
      by
      the Administrative Agent herein, the Administrative Agent shall not have any
      duty or responsibility to provide any Lender with any credit or other
      information concerning the business, prospects, operations, property, financial
      and other condition or creditworthiness of any Borrower or any of its Affiliates
      which may come into the possession of any Agent-Related Person.

    

    
      
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    Section
      8.7 Indemnification
      of Administrative Agent.
      Whether or not the transactions contemplated hereby are consummated, the Lenders
      shall indemnify upon demand each Agent-Related Person (to the extent not
      reimbursed by or on behalf of the Borrowers and without limiting the obligation
      of the Borrowers to do so), pro rata, and hold harmless each Agent-Related
      Person from and against any and all Indemnified Liabilities incurred by it;
      provided,
      however,
      that no Lender shall be liable for the payment to any Agent-Related Person
      of
      any portion of such Indemnified Liabilities to the extent determined in a final,
      nonappealable judgment by a court of competent jurisdiction to have resulted
      from such Agent-Related Person’s
      own gross negligence or willful misconduct; provided,
      however,
      that no action taken in accordance with the directions of the applicable
      Required Lenders shall be deemed to constitute gross negligence or willful
      misconduct for purposes of this Section; provided,
      further,
      that such Indemnified Liability was incurred by or asserted against such
      Agent-Related Person acting as or for the Administrative Agent in connection
      with such capacity. Without limitation of the foregoing, each Lender shall
      reimburse the Administrative Agent upon demand for its ratable share of any
      costs or out-of-pocket expenses (including Attorney Costs) incurred by the
      Administrative Agent in connection with the preparation, execution, delivery,
      administration, modification, amendment or enforcement (whether through
      negotiations, legal proceedings or otherwise) of, or legal advice in respect
      of
      rights or responsibilities under, this Agreement, any other Loan Document,
      or
      any document contemplated by or referred to herein, to the extent that the
      Administrative Agent is not reimbursed for such expenses by or on behalf of
      the
      Borrowers. The undertaking in this Section shall survive termination of the
      Aggregate Commitments, the payment of all other Obligations and the resignation
      of the Administrative Agent.

    

    Section
      8.8 Administrative
      Agent in its Individual Capacity.
      Bank of America and its Affiliates may make loans to, issue letters of credit
      for the account of, accept deposits from, acquire equity interests in and
      generally engage in any kind of banking, trust, financial advisory, underwriting
      or other business with each Borrower and its Affiliates as though Bank of
      America were not the Administrative Agent hereunder and without notice to or
      consent of the Lenders. The Lenders 

    acknowledge
      that, pursuant to such activities, Bank of America or its Affiliates may receive
      information regarding a Borrower or any of its Affiliates (including information
      that may be subject to confidentiality obligations in favor of a Borrower or
      such Affiliate) and acknowledge that the Administrative Agent shall be under
      no
      obligation to provide such information to them. With respect to its Loans,
      Bank
      of America shall have the same rights and powers under this Agreement as any
      other Lender and may exercise such rights and powers as though it were not
      the
      Administrative Agent, and the terms “Lender” and “Lenders” include Bank of
      America in its individual capacity.

    

    Section
      8.9 Successor
      Administrative Agent and Sub-Agents.
      (a) The Administrative Agent and each Sub-Agent may resign as Administrative
      Agent or Sub-Agent, as applicable, upon 30 days’ notice to the applicable
      Lenders. If (i) the Administrative Agent resigns under this Agreement, the
      Required Lenders shall appoint from among the Lenders a successor administrative
      agent for the Lenders, (ii) the Canadian Sub-Agent resigns, the Required Lenders
      referred to in paragraph
      (c)
      in the definition of “Required Lenders” shall appoint from among the Tranche C
      Lenders a successor Canadian sub-agent, which shall be a bank that is not a
      non-resident of Canada for the purposes of Part XIII of the ITA and (iii) the
      Swing Line Agent resigns, the Required Lenders shall appoint from among the
      Swing Line Lenders a successor Swing Line agent, which shall be a bank with
      an
      office in the United Kingdom, or an Affiliate of any such bank with an office
      in
      the United Kingdom, which successor, in each case, shall be consented to by
      the
      Borrowers in writing at all times other than during the existence of an Event
      of
      Default (which consent of the Borrowers shall not be unreasonably withheld).
      If
      no such successor is so appointed prior to the effective date of the resignation
      of the Administrative Agent or applicable Sub-Agent, the Administrative Agent
      or
      Sub-Agent, as applicable, may appoint, after consulting with the Lenders and
      the
      Borrowers, a successor meeting the qualifications set forth above. Upon the
      acceptance of its appointment as successor administrative agent or sub-agent
      hereunder, the Person acting as such successor administrative agent or sub-agent
      shall succeed to all the rights, powers and duties of the retiring
      Administrative Agent or Sub-Agent and the term “Administrative Agent” or
“Sub-Agent”, as applicable, shall mean such successor administrative agent or
      sub-agent, and the retiring Administrative Agent’s or Sub-Agent’s appointment,
      powers and duties as Administrative Agent or Sub-Agent shall be terminated.
      After any retiring Administrative Agent’s or Sub-Agent’s resignation hereunder
      as Administrative Agent or Sub-Agent, the provisions of this Article
      VIII
      and Sections 9.4
      and 9.5
      shall inure to its benefit as to any actions taken or omitted to be taken by
      it
      while it was Administrative Agent or Sub-Agent under this Agreement. If no
      successor administrative agent or sub-agent, as applicable, has accepted
      appointment as Administrative Agent or Sub-Agent by the date which is 30 days
      following a retiring Administrative Agent’s or Sub-Agent’s notice of
      resignation, the retiring Administrative Agent’s or Sub-Agent’s resignation
      shall nevertheless thereupon become effective and the Lenders shall perform
      all
      of the duties of the Administrative Agent or Sub-Agent hereunder until such
      time, if any, as the Required Lenders appoint a successor agent as provided
      for
      above.

    

    
      
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    (b)
      Notwithstanding anything to the contrary contained herein, if at any time Bank
      of America assigns all of its Commitments and Committed Loans pursuant to
subsection
      9.7(b),
      Bank of America may, upon 30 days’ notice to the Borrowers, resign as Swing Line
      Agent and Swing
      Line Lender. In the event of any such resignation as Swing Line Agent and Swing
      Line Lender, the Borrowers shall be entitled to appoint from among the Lenders
      a
      successor Swing Line Agent and successor Swing Line Lender hereunder;
provided,
      however,
      that no failure by the Borrowers to appoint any such successor shall affect
      the
      resignation of Bank of America as Swing Line Agent and Swing Line Lender. If
      Bank of America resigns as Swing Line Agent and Swing Line Lender, it shall
      retain all the rights of the Swing Line Agent and Swing Line Lender provided
      for
      hereunder with respect to Swing Line Loans made by it and outstanding as of
      the
      effective date of such resignation, including the right to require the Lenders
      to make Base Rate Committed Loans or fund risk participations in outstanding
      Swing Line Loans pursuant to Section
      2.16(c).
      Upon the appointment of a successor Swing Line Agent and Swing Line Lender,
      such
      successor shall succeed to and become vested with all of the rights, powers,
      privileges and duties of the retiring Swing Line Agent and Swing Line Lender.
      

    

    Section
      8.10 Administrative
      Agent May File Proofs of Claim. 
      In case of the pendency of any receivership, insolvency, liquidation,
      bankruptcy, reorganization, arrangement, adjustment, composition or other
      judicial proceeding relative to a Borrower, the Administrative Agent
      (irrespective of whether the principal of any Loan shall then be due and payable
      as herein expressed or by declaration or otherwise and irrespective of whether
      the Administrative Agent shall have made any demand on such Borrower) shall
      be
      entitled and empowered, by intervention in such proceeding or
      otherwise

    

    
      
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    (a) to
      file and prove a claim for the whole amount of the principal and interest owing
      and unpaid in respect of the Loans and all other Obligations that are owing
      by
      such Borrower and unpaid and to file such other documents as may be necessary
      or
      advisable in order to have the claims of the Lenders and the Administrative
      Agent (including any claim for the reasonable compensation, expenses,
      disbursements and advances of the Lenders and the Administrative Agent and
      their
      respective agents and counsel and all other amounts due the Lenders and the
      Administrative Agent under Section
      2.8
      and Section
      9.4)
      allowed in such judicial proceeding; and

    

    (b) to
      collect and receive any monies or other property payable or deliverable on
      any
      such claims and to distribute the same;

    

    and
      any custodian, receiver, assignee, trustee, liquidator, sequestrator or other
      similar official in any such judicial proceeding is hereby authorized by each
      Lender to make such payments to the Administrative Agent and, in the event
      that
      the Administrative Agent shall consent to the making of such payments directly
      to the Lenders, to pay to the Administrative Agent any amount due for the
      reasonable compensation, expenses, disbursements and advances of the
      Administrative Agent and its agents and counsel, and any other amounts due
      the
      Administrative Agent under Section
      2.8
      and Section
      9.4.
      Nothing contained herein shall be deemed to authorize the Administrative Agent
      to authorize or consent to or accept or adopt on behalf of any Lender any plan
      of reorganization, arrangement, adjustment or composition affecting the
      Obligations or the rights of any Lender or to authorize the Administrative
      Agent
      to vote in respect of the claim of any Lender in any such
      proceeding.

    

    

    Section
      8.11 Other
      Agents, Arrangers and Managers.
      None of the Lenders or other Persons identified on the facing page or signature
      pages of this Agreement as a “syndication agent,” “documentation agent,”
“co-agent,” “book manager,” “lead manager,” “arranger,” “lead arranger” or
“co-arranger” shall have any right, power, obligation, liability, responsibility
      or duty under this Agreement other than, in the case of such Lenders, those
      applicable to all Lenders as such. Without limiting the foregoing, none of
      the
      Lenders or other Persons so identified shall have or be deemed to have any
      fiduciary relationship with any Lender. Each Lender acknowledges that it has
      not
      relied, and will not rely, on any of the Lenders or other Persons so identified
      in deciding to enter into this Agreement or in taking or not taking action
      hereunder.

    

    Section
      8.12 Canadian
      Sub-Agent.
      The Canadian Sub-Agent is not a non-resident of Canada for purposes of Part
      XIII
      of the ITA and, as such, it and not the Administrative Agent has been designated
      under this Agreement to carry out certain duties of the Administrative Agent
      in
      respect of TCCI. The Canadian Sub-Agent shall be subject to each of the
      obligations in this Agreement to be performed by the Administrative Agent,
      and
      each of TCCI and the Tranche C Lenders agrees that the Canadian Sub-Agent shall
      be entitled to exercise each of the rights and shall be entitled to each of
      the
      benefits of the Administrative Agent under this Agreement as relate to the
      performance of its obligations hereunder. References in Sections 2.15 and 3.1
      to
      the Administrative Agent shall also include the Canadian Sub-Agent.

    

    
      
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    ARTICLE
      IX

    

    MISCELLANEOUS

    Section
      9.1 Amendments,
      Etc.
      Except as otherwise set forth in the last sentence of this Section, no amendment
      or waiver of any provision of this Agreement or any other Loan Document, and
      no
      consent to any departure by any Borrower therefrom, shall be effective unless
      in
      writing signed by the applicable Required Lenders and the applicable Borrower,
      and acknowledged by the Administrative Agent, and each such waiver or consent
      shall be effective only in the specific instance and for the specific purpose
      for which given; provided,
      however,
      that no such amendment, waiver or consent shall:

    

    (a) waive
      any condition set forth in Section
      4.1(a)
      without the written consent of each Lender;

    

    (b) extend
      or increase the Commitment or Commitment Cap of any Lender (or reinstate any
      Commitment terminated pursuant to Section
      7.1)
      without the written consent of such Lender;

    

    (c) postpone
      any date fixed by this Agreement or any other Loan Document for any payment
      of
      principal, interest, fees or other amounts due to the Lenders (or any of them)
      hereunder or under any other Loan Document without the written consent of each
      Lender directly affected thereby;

    

    

    

    (d) reduce
      the principal of, or the rate of interest specified herein on, any Loan, or
      any
      fees or other amounts payable hereunder or under any other Loan Document without
      the written consent of each Lender directly affected thereby; provided,
      however,
      that only the consent of the applicable Required Lenders shall be necessary
      to
      amend the definition of “Default Rate” or to waive any obligation of any
      Borrower to pay interest at the Default Rate;

    

    (e) change
      Section
      2.12
      or Section
      7.2
      in a manner that would alter the pro rata sharing of payments required thereby
      without the written consent of each affected Lender;

    

    (f) amend
      Section 1.6
      or the definition of “Alternative Currency” without the written consent of each
      Lender; or

    

    (g) change
      any provision of this Section or the definition of “Required Lenders” or any
      other provision hereof specifying the number or percentage of Lenders required
      to amend, waive or otherwise modify any rights hereunder or make any
      determination or grant any consent hereunder, without the written consent of
      each Lender that has a Commitment under the affected Tranche; 

    

    
      
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    provided further,
      that (i) no amendment, waiver or consent shall, unless in writing and signed
      by
      the Administrative Agent in addition to the Lenders required above, affect
      the
      rights or duties of the Administrative Agent under this Agreement or any other
      Loan Document; (ii) no amendment, waiver or consent shall, unless in writing
      and
      signed by a Swing Line Lender in addition to the Lenders required above, affect
      the rights or duties of such Swing Line Lender under this Agreement; (iii)
      no
      amendment, waiver or consent shall, unless in writing and signed by the Swing
      Line Agent in addition to the Lenders required above, affect the rights or
      duties of such Swing Line Agent under this Agreement; and (iv) the Fee Letter
      may be amended, or rights or privileges thereunder waived, in a writing executed
      only by the parties thereto. Notwithstanding anything to the contrary herein,
      any amendment or waiver of any term of any Money Market Loan (except the
      increase in the principal amount thereof or the extension of any Interest Period
      until after the Revolving Maturity Date applicable to the Borrower of such
      Loan)
      made by a Lender hereunder shall be effective if signed by such Lender and
      the
      applicable Borrower and acknowledged by the Administrative Agent and
      (ii) no Defaulting Lender shall have any right to approve or disapprove any
      amendment, waiver or consent hereunder, except that the Commitment of such
      Lender may not be increased or extended without
      the consent of such Lender.

    

    Section
      9.2 Notices
      and Other Communications; Facsimile Copies.  

    

    (a) General.
      Unless otherwise expressly provided herein, all notices and other communications
      provided for hereunder shall be in writing (including by facsimile
      transmission). All such written notices shall be mailed, faxed or delivered
      to
      the applicable address, facsimile number or (subject to subsection (c) below)
      electronic mail address, and all notices and other communications expressly
      permitted hereunder to be given by telephone shall be made to the applicable
      telephone number, as follows:

    

    

    (i) if
      to a Borrower, the Administrative Agent or the Swing Line Agent, to the address,
      facsimile number, electronic mail address or telephone number specified for
      such
      Person on Schedule
      9.2
      or to such other address, facsimile number, electronic mail address or telephone
      number as shall be designated by such party in a notice to the other parties;
      and 

    

    (ii) if
      to any other Lender, to the address, facsimile number, electronic mail address
      or telephone number specified in its Administrative Questionnaire or to such
      other address, facsimile number, electronic mail address or telephone number
      as
      shall be designated by such party in a notice to the Borrowers and the
      Administrative Agent.

    

    
      
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    All
      such notices and other communications shall be deemed to be given or made upon
      the earlier to occur of (i) actual receipt by the relevant party hereto and
      (ii)
      (A) if delivered by hand or by courier, when signed for by or on behalf of
      the
      relevant party hereto; (B) if delivered by mail, four Business Days after
      deposit in the mails, postage prepaid; (C) if delivered by facsimile, when
      sent
      and receipt has been confirmed by telephone; and (D) if delivered by electronic
      mail (which form of delivery is subject to the provisions of subsection (c)
      below), when delivered; provided,
      however,
      that notices and other communications to the Administrative Agent pursuant
      to
Article
      II
      shall not be effective until actually received by such Person. In no event
      shall
      a voicemail message be effective as a notice, communication or confirmation
      hereunder.

    

    (b) Effectiveness
      of Facsimile Documents and Signatures.
      Loan Documents may be transmitted and/or signed by facsimile. The effectiveness
      of any such documents and signatures shall, subject to applicable Law, have
      the
      same force and effect as manually-signed originals and shall be binding on
      the
      Borrowers, the Administrative Agent, the Swing Line Agent and the Lenders.
      The
      Borrowers may also require that any such documents and signatures be confirmed
      by a manually-signed original thereof; provided,
      however,
      that the failure to request or deliver the same shall not limit the
      effectiveness of any facsimile document or signature.

    

    (c) Limited
      Use of Electronic Mail. Electronic
      mail and Internet and intranet websites may be used only to distribute routine
      communications, such as financial statements and other information as provided
      in Section
      6.1,
      and to distribute Loan Documents (or amendments or waivers thereto) for
      execution by the parties thereto, and may not be used for any other
      purpose.

    

    (d) Reliance
      by Administrative Agent, the Swing Line Agent and Lenders. The
      Administrative Agent, the Swing Line Agent and the Lenders shall be entitled
      to
      rely and act upon any notices (including telephonic Committed Loan Notices
      and
      Swing Line Loan Notices) purportedly given by or on behalf of a Responsible
      Officer of a Borrower or any other Person designated in writing by a Responsible
      Officer of a Borrower to the Administrative Agent and the Swing Line Agent
      even
      if (i) such notices were not otherwise made in a manner specified herein, were
      incomplete or were not preceded or followed by any other form of notice
      specified herein, or (ii) the terms thereof, as understood by the recipient,
      varied from any confirmation thereof. The Borrowers shall indemnify each
      Agent-Related Person and each Lender from all losses, costs, expenses and
      liabilities resulting from the reliance by such Person on each notice

    purportedly
      given by or on behalf of a Responsible Officer of a Borrower or any other Person
      designated in writing by a Responsible Officer of a Borrower to the
      Administrative Agent. All telephonic notices to and other communications with
      the Administrative Agent may be recorded by the Administrative Agent, and each
      of the parties hereto hereby consents to such recording.

    

    Section
      9.3 No
      Waiver; Cumulative Remedies. No
      failure by any Lender or the Administrative Agent to exercise, and no delay
      by
      any such Person in exercising, any right, remedy, power or privilege hereunder
      shall operate as a waiver thereof; nor shall any single or partial exercise
      of
      any right, remedy, power or privilege hereunder preclude any other or further
      exercise thereof or the exercise of any other right, remedy, power or privilege.
      The rights, remedies, powers and privileges herein provided are cumulative
      and
      not exclusive of any rights, remedies, powers and privileges provided by
      Law.

    

    Section
      9.4 Attorney
      Costs, Expenses and Taxes. The
      Borrowers agree (a) to pay or reimburse the Administrative Agent for all costs
      and expenses incurred in connection with the development, preparation,
      negotiation and execution of this Agreement and the other Loan Documents and
      any
      amendment, waiver, consent or other modification of the provisions hereof and
      thereof (whether or not the transactions contemplated hereby or thereby are
      consummated), and the consummation and administration of the transactions
      contemplated hereby and thereby, including all Attorney Costs of a single
      counsel (and one local counsel in each jurisdiction or other additional counsel
      to the extent required due to a conflict of interest), and (b) to pay or
      reimburse the Administrative Agent and each Lender for all costs and expenses
      incurred in connection with the enforcement, attempted enforcement, or
      preservation of any rights or remedies under this Agreement or the other Loan
      Documents (including all such costs and expenses incurred during any “workout”
or restructuring in respect of the Obligations and during any legal proceeding,
      including any proceeding under any Debtor Relief Law), including all Attorney
      Costs. The foregoing costs and expenses shall include all search and filing
      charges and fees and taxes related thereto, and other out-of-pocket expenses
      incurred by the Administrative Agent and the cost of independent public
      accountants and other outside experts retained by the Administrative Agent
      or
      any Lender. All amounts due under this Section
      9.4
      shall be payable within ten Business Days after delivery to the Borrowers of
      a
      certificate setting forth in reasonable detail the basis for the amounts
      demanded. The agreements in this Section shall survive the termination of the
      Aggregate Commitments and repayment of all other Obligations.

    

    
      
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    Section
      9.5 Indemnification
      by the Borrowers. Whether
      or not the transactions contemplated hereby are consummated, the Borrowers
      shall
      indemnify and hold harmless each Agent-Related Person, each Lender and their
      respective Affiliates, directors, officers, employees, counsel, agents and
      attorneys-in-fact (collectively the “Indemnitees”)
      from and against any and all liabilities, obligations, losses, damages,
      penalties, claims, demands, actions, judgments, suits, costs, expenses and
      disbursements (including Attorney Costs) of any kind or nature whatsoever which
      may at any time be imposed on, incurred by or asserted against any such
      Indemnitee in any way relating to or arising out of or in connection with (a)
      the execution, delivery, enforcement, performance or administration of any
      Loan
      Document or any other agreement, letter or instrument delivered in connection
      with the transactions contemplated thereby or the consummation of the
      transactions contemplated thereby, (b) any Commitment, Loan or the use or
      proposed use of the proceeds therefrom, or (c)
      any actual or prospective claim, litigation, investigation or proceeding
      relating to any of the foregoing, whether based on contract, tort or any other
      theory (including any investigation of, preparation for, or defense of any
      pending or threatened claim, investigation, litigation or proceeding) and
      regardless of whether any Indemnitee is a party thereto (all the foregoing,
      collectively, the “Indemnified
      Liabilities”);
      provided
      that such indemnity shall not, as to any Indemnitee, be available to the extent
      that such liabilities, obligations, losses, damages, penalties, claims, demands,
      actions, judgments, suits, costs, expenses or disbursements are determined
      by a
      court of competent jurisdiction by final and nonappealable judgment to have
      resulted from the gross negligence or willful misconduct of such Indemnitee.
      No
      Indemnitee shall be liable for any damages arising from the use by others of
      any
      information or other materials obtained through IntraLinks or other similar
      information transmission systems in connection with this Agreement, nor shall
      any Indemnitee have any liability for any indirect or consequential damages
      relating to this Agreement or any other Loan Document or arising out of its
      activities in connection herewith or therewith (whether before or after the
      Closing Date). All amounts due under this Section
      9.5
      shall be payable within 10 Business Days after the Borrowers receive demand
      therefor setting forth in reasonable detail the basis for such demand. The
      agreements in this Section shall survive the resignation of the Administrative
      Agent, the replacement of any Lender, the termination of the Aggregate
      Commitments and the repayment, satisfaction or discharge of all the other
      Obligations. Notwithstanding the foregoing, the Borrowers shall not, in
      connection with any single proceeding or series of related proceedings in the
      same jurisdiction, be liable for the fees and expenses of more than one separate
      firm or internal legal department (in addition to any local counsel) for all
      Indemnitees, such firm or internal legal department to be selected by the
      Administrative Agent; provided
      that if an Indemnitee shall have reasonably concluded that (i) there may be
      legal defenses available to it which are different from or additional to those
      available to other Indemnitees and may conflict therewith or (ii) the
      representation of such Indemnitee and the other Indemnitees by the same counsel
      would otherwise be inappropriate under applicable principles of professional
      responsibility, such Indemnitee shall have the right to select and retain
      separate counsel to represent such Indemnitee in connection with such
      proceeding(s) at the expense of the Borrowers.

    

    
      
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    Section
      9.6 Payments
      Set Aside. To
      the extent that any payment by or on behalf of any Borrower is made to the
      Administrative Agent or any Lender, or the Administrative Agent or any Lender
      exercises any right of set-off, and such payment or the proceeds of such set-off
      or any part thereof is subsequently invalidated, declared to be fraudulent
      or
      preferential, set aside or required (including pursuant to any settlement
      entered into by the Administrative Agent or such Lender in its discretion)
      to be
      repaid to a trustee, receiver or any other party, in connection with any
      proceeding under any Debtor Relief Law or otherwise, then (a) to the extent
      of
      such recovery, the obligation or part thereof originally intended to be
      satisfied shall be revived and continued in full force and effect as if such
      payment had not been made or such set-off had not occurred, and (b) each Lender
      severally agrees to pay to the Administrative Agent upon demand its applicable
      share of any amount so recovered from or repaid by the Administrative Agent,
      plus interest thereon from the date of such demand
      to the date such payment is made at a rate per annum equal to the Overnight
      Rate
      from time to time in effect, in the applicable currency of such recovery or
      payment.

    

    Section
      9.7 Successors
      and Assigns.

    

    (a) The
      provisions of this Agreement shall be binding upon and inure to the benefit
      of
      the parties hereto and their respective successors and assigns permitted hereby,
      except that no Borrower may assign or otherwise transfer any of its rights
      or
      obligations hereunder without the prior written consent of each Lender and
      no
      Lender may assign or otherwise transfer any of its rights or obligations
      hereunder except (i) to an Eligible Assignee in accordance with the provisions
      of subsection (b) of this Section, (ii) by way of participation in accordance
      with the provisions of subsection (d) of this Section, or (iii) by way of pledge
      or assignment of a security interest subject to the restrictions of subsection
      (f) of this Section (and any other attempted assignment or transfer by any
      party
      hereto shall be null and void). Nothing in this Agreement, expressed or implied,
      shall be construed to confer upon any Person (other than the parties hereto,
      their respective successors and assigns permitted hereby, Participants to the
      extent provided in subsection (d) of this Section and, to the extent expressly
      contemplated hereby, the Indemnitees) any legal or equitable right, remedy
      or
      claim under or by reason of this Agreement.

    

    (b) Any
      Lender may at any time assign to one or more Eligible Assignees all or a portion
      of its rights and obligations under this Agreement (including all or a portion
      of its Commitment and the Committed Loans (including for purposes of this
      subsection (b), participations in Swing Line Loans) at the time owing to it);
      provided
      that (i) except in the case of an assignment of the entire remaining amount
      of
      the assigning Lender’s Commitment and the Committed Loans at the time owing to
      it or in the case of an assignment to a Lender or an Affiliate of a Lender
      or an
      Approved Fund (as defined in subsection (f) of this Section) with respect to
      a
      Lender, the aggregate amount of the Commitment (which for this purpose includes
      Committed Loans outstanding thereunder) subject to each such assignment,
      determined as of the date the Assignment and Assumption with respect to such
      assignment is delivered to the Administrative Agent or, if “Trade Date” is
      specified in the Assignment and Assumption, as of the Trade Date, shall not
      be
      less than US$10,000,000 (provided
      that, in the case of TMFNL, such amount shall not be less than the Dollar
      Equivalent of EUR 50,000) unless
      each of the Administrative Agent and, so long as no Event of Default has
      occurred and is continuing in respect of such Borrower, the applicable Borrower
      otherwise consents (each such consent not to be unreasonably withheld or
      delayed); (ii) 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 with respect to the Committed Loans or the Commitment assigned;
      (iii) any assignment of a Commitment must be approved by the Administrative
      Agent (which approval shall not be unreasonably withheld or delayed) unless
      the
      Person that is the proposed assignee is itself a Lender or an Affiliate of
      a
      Lender (whether or not the proposed assignee would otherwise qualify as an
      Eligible Assignee); (iv) if the assigning Lender has a Commitment in more than
      one Tranche, such Lender shall make a pro rata assignment to its assignee of
      its
      Commitments under each such Tranche; and (v) 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, which
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    discretion.
      Subject to acceptance and recording thereof by the Administrative Agent pursuant
      to subsection (c) of this Section, from and after the effective date specified
      in each Assignment and Assumption, the Eligible Assignee thereunder shall be
      a
      party to this Agreement and, to the extent of the interest assigned by such
      Assignment and Assumption, have the rights and obligations of a Lender under
      this Agreement, and the assigning Lender thereunder shall, to the extent of
      the
      interest assigned by such Assignment and Assumption, be released from its
      obligations under this Agreement (and, in the case of an Assignment and
      Assumption covering all of the assigning Lender’s rights and obligations under
      this Agreement, such Lender shall cease to be a party hereto but shall continue
      to be entitled to the benefits of Sections
      3.1,
      3.4,
      3.5,
      9.4
      and 9.5
      with respect to facts and circumstances occurring prior to the effective date
      of
      such assignment). Upon request, each Borrower (at its expense) shall execute
      and
      deliver a Note to the assignee Lender. Any assignment or transfer by a Lender
      of
      rights or obligations under this Agreement that does not comply with this
      subsection shall be treated for purposes of this Agreement as a sale by such
      Lender of a participation in such rights and obligations in accordance with
      subsection (d) of this Section. If the Eligible Assignee is required to deliver
      documents pursuant to Section
      9.15,
      it shall deliver those documents to the applicable Borrower and the
      Administrative Agent in accordance with Section
      9.15.

    

    (c) The
      Administrative Agent, acting solely for this purpose as an agent of the
      Borrowers, shall maintain at the Administrative Agent’s Office a copy of each
      Assignment and Assumption delivered to it and a register for the recordation
      of
      the names and addresses of the Lenders, and the Commitments of, and principal
      amounts of the Loans owing to each Lender pursuant to the terms hereof from
      time
      to time (the “Register”).
      The entries in the Register shall be conclusive absent manifest error, and
      the
      Borrowers, the Administrative Agent 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 Borrowers and
      any Lender, at any reasonable time and from time to time upon reasonable prior
      notice.

    

    
      
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    (d) Any
      Lender may at any time, without the consent of, or notice to, any Borrower
      or
      the Administrative Agent, sell participations to any Person (other than a
      natural person or a Borrower or any of the Borrowers’ Affiliates) (each, a
“Participant”)
      in all or a portion of such Lender’s rights and/or obligations under this
      Agreement (including all or a portion of its Commitment and/or the Loans
      (including such Lender’s participations in Swing Line Loans) owing to it);
provided
      that (i) such Lender’s obligations under this Agreement shall remain
      unchanged, (ii) such Lender shall remain solely responsible to the other
      parties hereto for the performance of such obligations, (iii) in the case of
      a
      Tranche C Lender, such Participant is not a non-resident of Canada for the
      purposes of Part XIII of the ITA, (iv) in
      the case of TMFNL, the amount of such participations sold shall not be less
      than
      the Dollar Equivalent of EUR 50,000
      and (v) the Borrowers, the Administrative Agent and the other Lenders shall
      continue to deal solely and directly with such Lender in connection with such
      Lender’s rights and obligations under this Agreement. Any agreement or
      instrument pursuant to which a Lender sells such a participation shall provide
      that such Lender shall retain the sole right to enforce this Agreement and
      to
      approve any amendment, modification or waiver of any provision of this
      Agreement; provided
      that such agreement or instrument may provide that such Lender will not, without
      the consent of the Participant, agree to any amendment, waiver or other
      modification described in the
      first proviso to Section
      9.1
      that directly affects such Participant. Subject to subsection (e) of this
      Section, the Borrowers agree that each Participant shall be entitled to the
      benefits of Sections
      3.1,
      3.4
      and 3.5 to
      the same extent as if it were a Lender and had acquired its interest by
      assignment pursuant to subsection (b) of this Section. To the extent permitted
      by Law, each Participant also shall be entitled to the benefits of Section
      9.9
      as though it were a Lender, provided such Participant agrees to be subject
      to
Section
      2.12
      as though it were a Lender. 

    

    (e) A
      Participant shall not be entitled to receive any greater payment under
Section
      3.1
      or Section
      3.4 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 Borrowers’ prior written consent. A
      Participant shall not be entitled to the benefits of Section
      3.1
      unless the Borrowers are notified of the participation sold to such Participant
      and such Participant agrees, for the benefit of each Borrower, to comply with
      Section
      9.15
      as though it were a Lender.

    

    (f) Any
      Lender may at any time pledge or assign a security interest in all or any
      portion of its rights under this Agreement (including under its Note, if any)
      to
      secure obligations of such Lender, including any pledge or assignment to secure
      obligations to a Federal Reserve Bank; provided
      that no such pledge or assignment shall release such Lender from any of its
      obligations hereunder or substitute any such pledgee or assignee for such Lender
      as a party hereto.

    

    (g) Where
      a Lender (the “Designating
      Lender”)
      has designated in its Administrative Questionnaire an Affiliate of the
      Designating Lender as the entity which shall participate in or make Loans to
      a
      particular Borrower (i) the Commitment shall be held by the Designating Lender,
      (ii) such Affiliate shall be entitled to all rights and benefits (other than
      voting rights, which remain with the Designating Lender) under this Agreement
      relating to its participation in any Loan and (iii) the Designating Lender
      shall
      procure that such Affiliate complies with the corresponding duties in relation
      to such Loan.

    

    
      
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    (h) As
      used herein, the following terms have the following meanings:

    

    “Eligible
      Assignee”
      means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and
      (d)
      any other Person (other than a natural person) approved by (i) the
      Administrative Agent and (ii) unless an Event of Default with respect to such
      Borrower has occurred and is continuing, the applicable Borrower (each such
      approval not to be unreasonably withheld or delayed); provided
      that (w) notwithstanding the foregoing, no Person shall qualify as an Eligible
      Assignee without the approval of each Swing Line Lender (such approval not
      to be
      unreasonably withheld or delayed), (x) notwithstanding the foregoing, “Eligible
      Assignee” shall not include a Borrower or any of the Borrowers’ Affiliates; and
      (y) with respect to any Tranche C Commitment or any Tranche C Loans, any Person
      that is a non-resident of Canada for the purposes of Part XIII of the ITA shall
      not qualify as an Eligible Assignee.

    
 

    

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

    

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

    Section
      9.8 Confidentiality.
      Each of the Administrative Agent 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 or self-regulatory body; (c) to the extent required by
      applicable Laws or by any subpoena or similar legal process; (d) to any other
      party to this Agreement; (e) in connection with the exercise of any remedies
      hereunder or any suit, action or proceeding relating to this Agreement or the
      enforcement of rights hereunder; (f) subject to an agreement containing
      provisions substantially the same as those of this Section, to (i) any Eligible
      Assignee of or Participant in, or any prospective Eligible Assignee of or
      Participant in, any of its rights or obligations under this Agreement or (ii)
      any direct or indirect contractual counterparty or prospective counterparty
      (or
      such contractual counterparty’s or prospective counterparty’s professional
      advisor) to any credit derivative transaction relating to obligations of a
      Borrower; (g) with the consent of the applicable Borrower; (h) to the
      extent such Information (i) becomes publicly available other than as a
      result of a breach of this Section or (ii) becomes available to the
      Administrative Agent or any Lender on a nonconfidential basis from a source
      other than a Borrower; or (i) to the National Association of Insurance
      Commissioners or any other similar organization. In addition, the Administrative
      Agent and the Lenders may disclose the existence of this Agreement and
      information about this Agreement to market data collectors, similar service
      providers to the lending industry, and service providers to the Administrative
      Agent and the Lenders in connection with the administration and management
      of
      this Agreement, the other Loan Documents, the Commitments, and the Loans. For
      the purposes of this Section, “Information”
      means all information received from a Borrower relating to such Borrower or
      its
      business, other than any such information that is available to the
      Administrative Agent or any Lender on a nonconfidential basis prior to
      disclosure by such Borrower; provided
      that, in the case of information received from a Borrower after the date hereof,
      such information is clearly identified in writing at the time of delivery as
      confidential. 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. 

     

    
      
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        Section
      9.9
Set-off.
      Upon the occurrence and during the continuance of any Event of Default with
      respect to a Borrower, nothing in this 

    Agreement
      shall preclude any Lender, at any time and from time to time, from exercising
      any right of set off, counterclaim, or other rights it may have otherwise than
      under this Agreement and or from applying amounts realized against any and
      all
      Obligations owing by such Borrower to such Lender hereunder or under any other
      Loan Document, now or hereafter existing. Each Lender agrees promptly to notify
      the applicable Borrower and the Administrative Agent after any such set-off
      and
      application made by such Lender; provided,
      however,
      that the failure to give such notice shall not affect the validity of such
      set-off and application.

    Section
      9.10 Interest
      Rate Limitation.
      Notwithstanding anything to the contrary contained in any Loan Document, the
      interest paid or agreed to be paid under the Loan Documents shall not exceed
      the
      maximum rate of non-usurious interest permitted by applicable Law (the
“Maximum
      Rate”).
      If the Administrative Agent or any Lender shall receive interest in an amount
      that exceeds the Maximum Rate, the excess interest shall be applied to the
      principal of the Loans or, if it exceeds such unpaid principal, refunded to
      the
      applicable Borrower. 

    

    Section
      9.11 Counterparts.
      This Agreement may be executed in one or more counterparts, each of which shall
      be deemed an original, but all of which together shall constitute one and the
      same instrument.

    

    Section
      9.12 Integration.
      This Agreement, together with the other Loan Documents, comprises the complete
      and integrated agreement of the parties on the subject matter hereof and thereof
      and supersedes all prior agreements, written or oral, on such subject matter.
      In
      the event of any conflict between the provisions of this Agreement and those
      of
      any other Loan Document, the provisions of this Agreement shall control;
provided
      that the inclusion of supplemental rights or remedies in favor of the
      Administrative Agent or the Lenders in any other Loan Document shall not be
      deemed a conflict with this Agreement. Each Loan Document was drafted with
      the
      joint participation of the respective parties thereto and shall be construed
      neither against nor in favor of any party, but rather in accordance with the
      fair meaning thereof.

     

    
      
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    Section
      9.13 Survival
      of Representations and Warranties.
      All representations and warranties made hereunder and in any other Loan Document
      or other document delivered pursuant hereto or thereto or in connection herewith
      or therewith shall survive the execution and delivery hereof and thereof. Such
      representations and warranties have been or will be relied upon by the
      Administrative Agent and each Lender, regardless of any investigation made
      by
      the Administrative Agent or any Lender or on their behalf and notwithstanding
      that the Administrative Agent or any Lender may have had notice or knowledge
      of
      any Default at the time of any Borrowing and shall continue in full force and
      effect as long as any Loan or any other Obligation hereunder shall remain unpaid
      or unsatisfied or any Letter of Credit shall remain outstanding.

    

    Section
      9.14 Severability. If
      any provision of this Agreement or the other Loan Documents is held to be
      illegal, invalid or unenforceable, (a) the legality, validity and enforceability
      of the remaining provisions of this Agreement and the other
      Loan Documents shall not be affected or impaired thereby and (b) the parties
      shall endeavor in good faith negotiations to replace the illegal, invalid or
      unenforceable provisions with valid provisions the economic effect of which
      comes as close as possible to that of the illegal, invalid or unenforceable
      provisions. The invalidity of a provision in a particular jurisdiction shall
      not
      invalidate or render unenforceable such provision in any other
      jurisdiction.

    

    Section
      9.15 Tax
      Forms.

     

    (a) (i)
      Each Tranche A Lender and Tranche D Lender that is not a “United States person”
within the meaning of Section 7701(a)(30) of the Code (a “Foreign
      Lender”)
      shall deliver to the Administrative Agent, prior to becoming a party to this
      Agreement (or upon accepting an assignment of an interest herein), two duly
      signed completed copies of either IRS Form W-8BEN or any successor thereto
      (relating to such Foreign Lender and entitling it to an exemption from, or
      reduction of, withholding tax on all payments to be made to such Foreign Lender
      by TMCC pursuant to this Agreement) or IRS Form W-8ECI or any successor thereto
      (relating to all payments to be made to such Foreign Lender by TMCC pursuant
      to
      this Agreement) or such other evidence satisfactory to TMCC and the
      Administrative Agent that such Foreign Lender is entitled to an exemption from,
      or reduction of, U.S. withholding tax, including any exemption pursuant to
      Section 881(c) of the Code. Thereafter and from time to time, each such Foreign
      Lender shall, to the extent it may lawfully do so, (A) promptly submit to the
      Administrative Agent such additional duly completed and signed copies of one
      of
      such forms (or such successor forms as shall be adopted from time to time by
      the
      relevant United States taxing authorities) as may then be available under then
      current United States Laws and regulations to avoid, or such evidence as is
      satisfactory to TMCC and the Administrative Agent of any available exemption
      from or reduction of, United States withholding taxes in respect of all payments
      to be made to such Foreign Lender by TMCC pursuant to this Agreement, (B)
      promptly notify the Administrative Agent of any change in circumstances which
      would modify or render invalid any claimed exemption or reduction, and (C)
      take
      such steps as shall not be materially disadvantageous to it, in the reasonable
      judgment of such Lender, and as may be reasonably necessary (including the
      re-designation of its Lending Office) to avoid any requirement of applicable
      Laws that TMCC make any deduction or withholding for taxes from amounts payable
      to such Foreign Lender. In relation to all payments to be made to a Tranche
      A
      Lender by TFSUK, such Lender shall cooperate, to the extent it is able to do
      so,
      with TFSUK in completing any procedural formalities necessary for TFSUK to
      obtain authorization to make such a payment without a deduction or withholding
      for or on account of UK Taxes including, to the extent reasonably practicable,
      making and filing an appropriate application for relief under a double taxation
      agreement.

    

    
      
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    (ii) As
      of the date that each Lender becomes a Tranche B Lender under this Agreement,
      each such Lender represents and warrants to the Administrative Agent and each
      Borrower that it is an Exempt Lender and agrees that, if Puerto Rico or United
      States taxing authorities at any time after the date of this Agreement require
      that such Lender deliver any certificate, statement or form as a condition
      to
      exemption from, or reduction of, withholding taxes under the Puerto Rico Code
      or
      the Code on any payments by TCPR to such Lender under this Agreement, such
      Lender shall deliver such certificate, statement or form to the Administrative
      Agent prior to becoming a party to this Agreement (or upon accepting an
      assignment of an interest herein). Thereafter and from time to time, each such
      Lender shall (A) promptly
      submit to the Administrative Agent such duly completed and signed certificates,
      statements or forms as shall be adopted from time to time by the relevant Puerto
      Rico or United States taxing authorities and such other evidence as is
      satisfactory to TCPR and the Administrative Agent of any available exemption
      from, or reduction of, Puerto Rico and United States withholding taxes in
      respect of all payments to be made to such Lender by TCPR pursuant to this
      Agreement, (B) promptly notify the Administrative Agent of any change in
      circumstances which would modify or render invalid any claimed exemption or
      reduction, and (C) take such steps as shall not be materially disadvantageous
      to
      it, in the reasonable judgment of such Lender, and as may be reasonably
      necessary (including the re-designation of its Lending Office) to avoid any
      requirement of applicable Laws that TCPR make any deduction or withholding
      for
      taxes from amounts payable to such Lender.

    

    (iii) As
      of the date that each Lender becomes a Tranche C Lender under this Agreement,
      each such Lender represents and warrants to the Administrative Agent and TCCI
      that it is not a non-resident in Canada for the purposes of Part XIII of the
      ITA
      and agrees that as long as it is a Tranche C Lender it will not be a
      non-resident of Canada for the purposes of Part XIII of the ITA.

    

    (iv) Each
      Lender, to the extent it does not act or ceases to act for its own account
      with
      respect to any portion of any sums paid or payable to such Lender under any
      of
      the Loan Documents (for example, in the case of a typical participation by
      such
      Lender), shall deliver to the Administrative Agent on the date when such Lender
      ceases to act for its own account with respect to any portion of any such sums
      paid or payable, and at such other times as may be necessary in the
      determination of the Administrative Agent (in the reasonable exercise of its
      discretion), (A) two duly signed completed copies of the certificates,
      statements or forms required to be provided by such Lender as set forth above,
      to establish the portion of any such sums paid or payable with respect to which
      such Lender acts for its own account that is not, in the case of a Tranche
      A
      Lender, subject to United States withholding tax or in the case of a Tranche
      B
      Lender, subject to Puerto Rico or United States withholding tax; (B) any
      information such Lender chooses to transmit with such certificates, statements
      or forms, and any other certificate or statement of exemption required under
      the
      Code; and (C) in the case of a Tranche C Lender evidence that no Person for
      whom
      such Lender is receiving any portion of any sums paid or payable to such Lender
      is a non-resident of Canada for purposes of Part XIII of the ITA.

    

    
      
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    (v) No
      Borrower (other than TFSUK) shall be required to pay any additional amount
      to
      any Lender under Section
      3.1
      (A) with respect to any Taxes required to be deducted or withheld on the basis
      of the information, certificates or statements of exemption such Lender
      transmits pursuant to this Section
      9.15(a)
      or (B) if such Lender shall have failed to satisfy the foregoing provisions
      of
      this Section
      9.15(a);
      provided
      that if such Lender shall have satisfied the requirement of this Section
      9.15(a)
      on the date such Lender became a Lender or ceased to act for its own account
      with respect to any payment under any of the Loan Documents, nothing in this
      Section
      9.15(a)
      shall relieve such Borrower of its obligation to pay any amounts pursuant to
      Section
      3.1
      in the event that, as a result of any change in any applicable Law, treaty
      or
      governmental rule, regulation or order, or any change in the interpretation,
      administration or application thereof, such Lender is no longer properly
      entitled to deliver forms, certificates or other evidence at a subsequent date
      establishing the fact that such Lender or other Person for the account
      of which such Lender receives any sums payable under any of the Loan Documents
      is not subject to withholding or is subject to withholding at a reduced
      rate.

    

    (vi) The
      Administrative Agent may, without reduction, withhold any Taxes required to
      be
      deducted and withheld from any payment under any of the Loan Documents with
      respect to which a Borrower is not required to pay additional amounts under
      this
Section
      9.15(a).
      

    

    (b) Upon
      the request of the Administrative Agent, each Lender that is a “United States
      person” within the meaning of Section 7701(a)(30) of the Code shall deliver to
      the Administrative Agent two duly signed completed copies of IRS Form W-9.
      If
      such Lender fails to deliver such forms, then the Administrative Agent may
      withhold from any interest payment to such Lender an amount equivalent to the
      applicable back-up withholding tax imposed by the Code, without
      reduction.

    

    (c) If
      any Governmental Authority asserts that the Administrative Agent did not
      properly withhold or backup withhold, as the case may be, any tax or other
      amount from payments made to or for the account of any Lender, such Lender
      shall
      indemnify the Administrative Agent therefor, including all penalties and
      interest, any taxes imposed by any jurisdiction on the amounts payable to the
      Administrative Agent under this Section, and costs and expenses (including
      Attorney Costs) of the Administrative Agent. The obligation of the Lenders
      under
      this Section shall survive the termination of the Aggregate Commitments,
      repayment of all other Obligations hereunder and the resignation of the
      Administrative Agent.

    

    Section
      9.16 Replacement
      of Lenders.
      Under any circumstances set forth herein providing that a Borrower shall have
      the right to replace a Lender as a party to this Agreement and (i) if any Lender
      is a Defaulting Lender, (ii) any Lender has been deemed insolvent or become
      the
      subject of a bankruptcy or insolvency proceeding or (iii) any Lender fails
      to
      consent to an amendment, modification or waiver of this Agreement, or to a
      request that Eurocurrency Rate Loans be made in a currency other than those
      specifically listed in the definition of “Alternative Currency”, that pursuant
      to the terms hereof requires consent of all of the Lenders or all of the Lenders
      affected thereby (provided
      that, (x) such amendment, modification, waiver or currency request has been
      consented to by the Required Lenders and (y) all such non-consenting Lenders
      are
      replaced on the same terms), such Borrower may, upon notice to such Lender
      and
      the Administrative Agent, replace such Lender by causing such Lender to assign
      its Commitment (with the assignment fee to be paid by such Borrower in such
      instance) pursuant to Section 9.7(b)
      to one or more other Lenders or Eligible Assignees procured by such Borrower;
      provided, however,
      that if such Borrower elects to exercise such rights with respect to any Lender
      pursuant to Section
      3.6(c),
      it shall be obligated to replace all Lenders that have made similar requests
      for
      compensation pursuant to Section
      3.1
      or 3.4.
      The applicable Borrower shall (y) pay in full all principal, accrued interest,
      accrued fees and other amounts owing to such Lender through the date of
      replacement (including any amounts payable pursuant to Section
      3.5)
      and (z) release such Lender from its obligations under the Loan Documents.
      Any
      Lender being replaced shall execute and deliver an Assignment and Assumption
      with respect to such Lender’s Commitment and outstanding Loans.

    

    
      
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    Section
      9.17 Governing
      Law. 

    

    

    

    (a) THIS
      AGREEMENT SHALL, IN ACCORDANCE WITH SECTION 5-1401 OF THE GENERAL OBLIGATIONS
      LAW OF THE STATE OF NEW YORK, BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
      THE
      LAW
      OF THE STATE OF NEW YORK APPLICABLE
      TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE; PROVIDED
      THAT THE ADMINISTRATIVE
      AGENT
      AND EACH LENDER SHALL RETAIN ALL RIGHTS
      ARISING UNDER FEDERAL LAW.

    

    (b) ANY
      LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN
      DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN THE
      COUNTY OF NEW YORK IN THE CITY OF NEW YORK OR OF THE UNITED STATES FOR THE
      SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS
      AGREEMENT, EACH BORROWER, THE ADMINISTRATIVE
      AGENT
      AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE
      NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH BORROWER, THE ADMINISTRATIVE
      AGENT
      AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO
      THE
      LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM
      NON CONVENIENS,
      WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING
      IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED
      THERETO. EACH BORROWER, THE ADMINISTRATIVE
      AGENT
      AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER
      PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH
      STATE. 

    

    (c) EACH
      BORROWER OTHER THAN TMCC HEREBY IRREVOCABLY DESIGNATES, APPOINTS AND EMPOWERS
      TMCC, IN THE CASE OF ANY SUIT, ACTION OR PROCEEDING BROUGHT IN THE UNITED STATES
      OF AMERICA AS ITS DESIGNEE, APPOINTEE AND AGENT TO RECEIVE, ACCEPT AND
      ACKNOWLEDGE FOR AND ON ITS BEHALF, AND IN RESPECT OF ITS PROPERTY, SERVICE
      OF
      ANY AND ALL LEGAL PROCESS, SUMMONS, NOTICES AND DOCUMENTS THAT MAY BE SERVED
      IN
      ANY ACTION OR PROCEEDING ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT
      OR
      ANY LOAN DOCUMENT, AND TMCC HEREBY IRREVOCABLY ACCEPTS SUCH DESIGNATION,
      APPOINTMENT AND EMPOWERMENT. SUCH SERVICE MAY BE MADE BY MAILING (BY REGISTERED
      OR CERTIFIED MAIL, POSTAGE PREPAID) OR DELIVERING A COPY OF SUCH PROCESS TO
      SUCH
      BORROWER IN CARE OF TMCC AT TMCC’S ADDRESS SPECIFIED IN SCHEDULE 9.2, AND EACH
      BORROWER HEREBY IRREVOCABLY AUTHORIZES AND DIRECTS TMCC TO ACCEPT SUCH SERVICE
      ON ITS BEHALF. AS AN ALTERNATIVE METHOD OF SERVICE, THE BORROWER IRREVOCABLY
      CONSENTS TO THE SERVICE OF ANY AND ALL PROCESS IN ANY SUCH ACTION OR PROCEEDING
      BY THE MAILING (BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID) OF COPIES
      OF
      SUCH PROCESS TO TMCC OR THE BORROWER OR SUCH LOAN PARTY AT ITS ADDRESS SPECIFIED
      IN SCHEDULE 9.2. NOTHING IN THIS 

    

    
      
        
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    AGREEMENT
      WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER
      PERMITTED BY APPLICABLE LAW. 

    

    Section
      9.18 No
      Advisory or Fiduciary ResponsibilityIn
      connection with all aspects of each transaction contemplated hereby (including
      in connection with any amendment, waiver or other
      modification hereof or of any other Loan Document), each Borrower acknowledges
      and agrees, and acknowledges its Affiliates’ understanding, that: (i) (A) the
      arranging and other services regarding this Agreement provided by the
      Administrative Agent, the Sub-Agents, the Arrangers and the Lenders are
      arm’s-length commercial transactions between such Borrower and its Affiliates,
      on the one hand, and the Administrative Agent, the Sub-Agents, the Arrangers
      and
      the Lenders, on the other hand, (B) such Borrower has consulted its own legal,
      accounting, regulatory and tax advisors to the extent it has deemed appropriate,
      and (C) such Borrower is capable of evaluating, and understands and accepts,
      the
      terms, risks and conditions of the transactions contemplated hereby and by
      the
      other Loan Documents; (ii) (A) each of the Administrative Agent, the Sub-Agents,
      the Arrangers and the Lenders is and has been acting solely as a principal
      and,
      except as expressly agreed in writing by the relevant parties, has not been,
      is
      not, and will not be acting as an advisor, agent or fiduciary for such Borrower
      or any of its Affiliates, or any other Person and (B) none of the Administrative
      Agent, the Sub-Agents, the Arrangers or the Lenders has any obligation to such
      Borrower or any of its Affiliates with respect to the transactions contemplated
      hereby except those obligations expressly set forth herein and in the other
      Loan
      Documents; and (iii) the Administrative Agent, the Sub-Agents, the Arrangers
      and
      the Lenders and their respective Affiliates may be engaged in a broad range
      of
      transactions that involve interests that differ from those of such Borrower
      and
      its Affiliates, and neither the Administrative Agent, nor any Sub-Agent, nor
      any
      Arranger, nor any Lender has any obligation to disclose any of such interests
      to
      the Borrower or its Affiliates. To the fullest extent permitted by law, each
      of
      the Borrowers hereby waives and releases any claims
      that it may have against the Administrative Agent, the Sub-Agents, the Arrangers
      and the Lenders with respect to any breach or alleged breach of agency or
      fiduciary duty in connection with any aspect of any transaction contemplated
      hereby.

     

    

    Section
      9.19 Patriot
      Act Notice.
      Each Lender that is subject to the Act (as hereinafter defined) and the Agent
      (for itself and not on behalf of any Lender) hereby notifies each Borrower
      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 such Borrower, which information
      includes the name and address of such Borrower and other information that will
      allow such Lender or the Agent, as applicable, to identify such Borrower in
      accordance with the Act.

    

    
      
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    Section
      9.20 Judgment.
      (a)
      If for the purposes of obtaining judgment in any court it is necessary to
      convert a sum due hereunder in US Dollars or Canadian Dollars 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 Agent could purchase US Dollars or Canadian Dollars with such
      other
      currency at Bank of America’s principal office in London at 11:00 A.M. (London
      time) on the Business Day preceding that on which final judgment is
      given.

    

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

    

    Section
      9.21 Waiver
      of Right to Trial by Jury.
      EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY
      JURY
      OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT
      OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE
      PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE
      TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER
      ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY
      HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF
      ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO
      THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH
      ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE
      WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

    

     

    

    

    
      
        
          
            

          

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    IN
      WITNESS WHEREOF, the
      parties hereto have caused this Agreement to be duly executed as of the date
      first above written.

     

    TOYOTA
      MOTOR FINANCE 

     

    (NETHERLANDS)
      B.V.

     

    

    

    By:
      /s/
      Richard Garry     

    Title:
      Power of Attorney

    

    

     

    TOYOTA
      MOTOR CREDIT CORPORATION

     

    

    

    By:
      /s/
      George Borst     

    Title:
      President and Chief Executive Officer

    

    

     

    TOYOTA
      FINANCIAL SERVICES (UK) PLC

     

    

    

    By:
      /s/
      Richard Garry     

    Title:
      Authorized Signatory

    

    

     

    TOYOTA
      KREDITBANK GMBH 

     

    

    

     

    By:
      /s/
      Peter Pollhammer 

     

    Title:
      Managing Director

     

    

    

    By:
      /s/
      Christian Ruben    

    Title:
      Managing Director

    

    
      
        
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    TOYOTA
      CREDIT DE PUERTO RICO CORP. 

     

    

    

    By:
      /s/
      George Borst     

    Title:
      President and Chief Executive Officer

    

     

    

     

    TOYOTA
      CREDIT CANADA INC.

     

    

    

    By:
      /s/
      Lorenzo Baldesarra    

    Title:
      S.V.P.

    

    

     

    TOYOTA
      LEASING GMBH

     

    

    

    By:
      /s/
      Peter Pollhammer    

    Title:
      Managing Director

     

    

    

    By:
      /s/
      Christian Ruben    

    Title:
      Managing Director

    

    

    BANK
      OF AMERICA, N.A., as
      administrative Agent, Swing Line Agent, a Swingline Lender and a
      Lender

    

     

     

    By:
      /s/
      Alan H. Roche    

    Title:
      Managing Director

    

    
      
        
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    BANK
      OF AMERICA, N.A., acting
      through its Canada Branch as Canadian Sub-Agent and as a Lender

    

     

     

    By:
      /s/
      Medina Sales de Andrade   

    Title:
      Vice President

    

    

    CITICORP
      USA, INC, as
      Syndication Agent, a Swing Line Lender and a Lender

    

     

     

    By:
      /s/
      Kevin Ege     

    Title:
      Vice President

    

     

    CITIBANK,
      N.A., CANADIAN BRANCH,
      as a Lender

    

     

     

    By:
      /s/
      Sheryl Homes     

    Title:
      Authorized Signer

    

    

    BANK
      OF TOKYO- MITSUBISHI UFJ , LTD, as
      a Documentation Agent and as a Lender 

    

     

     

    By:
      /s/
      Kimihisa Imada    

    Title:
      General Manager

     

    

     

    

    BANK
      OF TOKYO MITSUBISHI UFJ (CANADA), 

    as
      a Lender

    

     

     

    By:
      /s/
      Yoshio Furuhashi    

    Title:
      President and Chief Executive Officer

    

    
      
        
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    BNP
      PARIBAS, 

    as
      a Documentation Agent and as a Lender

    

     

    By:
      /s/
      Andrew Strait     

    Title:
      Managing Director

    

     

     

    By:
      /s/
      Christopher Grumboski   

    Title:
      Director

    

    

    BNP
      PARIBAS (CANADA), 

    as
      a Lender

    

     

     

    By:
      /s/
      Colin Dickinson    

    Title:
      Director Corporate Banking

    

     

     

    By:
      /s/
      Don R. Lee     

    Title:
      Managing Director Corporate Banking

    

     

    

    JP
      MORGAN CHASE BANK N.A., 

    as
      a Documentation Agent and as a Lender

    

     

     

    By:
      /s/
      Frances F. Bonham    

    Title:
      Managing Director

     

    

    JP
      MORGAN CHASE BANK N.A., TORONTO BRANCH 

    as
      a Lender

    

     

     

    By:
      /s/
      Drew McDonald    

    Title:
      Executive Director

     

    

    

    
      
        
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    BARCLAYS
      BANK PLC, 

    as
      a Lender

    

     

     

    By:
      /s/
      Nicholas Bell       

    Title:
      Director

     

    

    

    DEUTSCHE
      BANK AG, NEW YORK BRANCH, 

    as
      a Lender

    

     

     

    By:
      /s/
      Wolfgang Winter    

    Title:
      Manging Director

    

     

    By:
      /s/
      Yvonne Tilden     

    Title:
      Vice President

    

    DEUTSCHE
      BANK AG, CANADA BRANCH, 

    as
      a Lender

    

     

     

    By:
      /s/
      Paul M. Jurist     

    Title:
      Managing Director & Principal Officer

     

     

    By:
      /s/
      Marcellus Leung      

    Title:
      Assistant Vice President

    

    

    HSBC
      BANK USA, NATIONAL ASSOCIATION, 

    as
      a Lender

     

    

    By:
      /s/
      Eduardo Abello     

    Title:
      Vice President 

    

    
      
        
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    HSBC
      BANK USA, NATIONAL ASSOCIATION (TORONTO BRANCH), 

    as
      a Lender

    

     

     

    By:
      /s/
      Jody Sanderson      

    Title:
      Director  

     

    ROYAL
      BANK OF CANADA, 

    as
      a Lender

    

     

     

    By:
      /s/
      Meredith Majesty      

    Title:
      Authorized Signatory 

    

     

     

    By:
      /s/
      Mark Beck       

    Title:
      Attorney-in-fact

    

     

     

    By:
      /s/
      Michael Ellison      

    Title:
      Managing Director

    

    

    SUMITOMO
      MITSUI BANKING CORPORATION, 

    as
      a Lender

    

     

     

    By:
      /s/
      Yoshiaki Kageyama     

    Title:
      Senior Vice President

    

     

     

    By:
      /s/
      Philippe Devos      

    Title:
      Deputy General Manager

    

     

     

    

    
      
        
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    By:
      /s/
      Koichi Matsuki      

    Title:
      Deputy General Manager

    

    

    SUMITOMO
      MITSUI BANKING CORPORATION OF CANADA, 

    as
      a Lender

    

     

     

    By:
      /s/
      Yusuke Ono      

    Title:
      Senior Vice President

     

    

    BANCO
      SANTANDER CENTRAL HISPANO, S.A. NY BRANCH, 

    as
      a Lender

    

     

     

    By:
      /s/
      Ignacio Campillo      

    Title:
      Executive Director

    

     

     

    By:
      /s/
      Jose Castello       

    Title:
      Managing Director

     

    

    CREDIT
      SUISSE, CAYMAN ISLANDS BRANCH 

    as
      a Lender

    

     

     

    By:
      /s/
      Mark E. Gleason     

    Title:
      Managing Director  

    

     

     

    By:
      /s/
      Mikhail Faybusovich      

    Title:
      Associate

    

    
      
        
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    FORTIS
      BANK S.A./N.V., 

    as
      a Lender

    

     

     

    By:
      /s/
      Hans De Langhe      

    Title:
      Manager

    

     

     

    By:
      /s/
      Natalie Gilbert      

    Title:
      Manager

    

    

    ING
      BELGIUM FINANCIAL SERVICES DUBLIN LIMITED, 

    as
      a Lender

    

     

     

    By:
      /s/
      Aidan Neill       

    Title:
      Vice President

    

     

     

    By:
      /s/
      Maurice Kenny      

    Title:
      Director

    

     

    

    MERRILL
      LYNCH BANK USA, 

    as
      a Lender

    

     

     

    By:
      /s/
      Derek Befus       

    Title:
      Vice President

     

    

    MIZUHO
      CORPORATE BANK, LTD., 

    as
      a Lender

    

     

     

    By:
      /s/
      Shinji Yamada      

    Title:
      Joint General Manager

     

    

    

    
      
        
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    MIZUHO
      CORPORATE BANK, LTD., 

    as
      Agent for MIZUHO CORPORATE BANK (CANADA)

    

     

     

    By:
      /s/
      Shinji Yamada      

    Title:
      Joint General Manager

     

     

    

    MORGAN
      STANLEY BANK, 

    as
      a Lender

    

     

     

    By:
      /s/
      Daniel Twenge     

    Title:
      Vice President

    

    

    THE
      ROYAL BANK OF SCOTLAND PLC, 

    as
      a Lender

    

     

     

    By:
      /s/
      Frank Guerra      

    Title:
      Managing Director, Autos & Industrials

     

    

    TORONTO
      DOMINION BANK 

    as
      a Lender

    

     

     

    By:
      /s/
      Debbi L. Brito    

    Title:
      Authorized Signatory

    

    

    UBS
      LOAN FINANCE LLC, 

    as
      a Lender

    

     

     

    By:
      /s/
      Richard L. Tavrow    

    Title:
      Director

    

     

    By:
      /s/
      Irja R. Otsa 

     

    Title:
      Associate Director

    

    
      
        
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    UBS
      AG CANADA BRANCH, 

    as
      a Lender

    

     

     

    By:
      /s/
      Amy Fung     

    Title:
      Director

    

     

     

    By:
      /s/
      Barbara Ezell-McMichael   

    Title:
      Associate Director

    

    BANK
      OF MONTREAL, LONDON BRANCH

    as
      a Lender

    

     

     

    By:
      /s/
      A.L. Ebdon     

    Title:
      Director

     

    

    BANK
      OF MONTREAL, TORONTO BRANCH

    as
      a Lender

    

     

     

    By:
      /s/
      Ben Ciallella     

    Title:
      Vice President

    

    BANK
      OF MONTREAL, CHICAGO BRANCH

    as
      a Lender

    

     

     

    By:
      /s/
      Stephen Maenhout    

    Title:
      Vice President

    

    BANK
      OF MONTREAL IRELAND PLC

    as
      a Lender

    

     

     

    By:
      /s/
      Finbarr Farrell     

    Title:
      Risk Manager

    

    
      
        
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    CIBC,
      INC., 

    as
      a Lender

     

     

    By:
      /s/
      Dominic J. Sorresso    

    Title:
      Executive Director

     

    CIBC
      World Markets Corp. Authorized Signatory

     

    

    CANADIAN
      IMPERIAL BANK OF COMMERCE,

    as
      a Lender

    

     

     

    By:
      /s/
      David J. Cohen    

    Title:
      Executive Director

    

     

     

    By:
      /s/
      Patti Perras Shugart    

    Title:
      Managing Director

    

    

    DRESDNER
      BANK AG NEW YORK BRANCH AND GRAND CAYMAN BRANCH, 

    as
      a Lender 

    

    By:
      /s/
      Mark van der Griend    

    Title:
      Managing Director

    

     

     

    By:
      /s/
      Joseph M. Mormak    

    Title:
      Vice President 

    

    INTESA
      SANPAOLO S.P.A., 

    as
      a Lender

    

     

     

    By:
      /s/
      Vittorio Oliva     

    Title:
      Co-Chief Manager of London Branch

    

     

     

    By:
      /s/
      Guy Pashley     

    Title:
      Senior Relationship Manager-Nordic Region

    

    
      
        
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    SCOTIABANC,
      INC., 

    as
      a Lender

    

     

     

    By:
      /s/
      William E. Zarrett    

    Title:
      Managing Director

     

    

    THE
      BANK OF NOVA SCOTIA,

    as
      a Lender

    

     

     

    By:
      /s/
      William E. Zarrett    

    Title:
      Managing Director

    

    

    WACHOVIA
      BANK, NATIONAL ASSOCIATION, 

    as
      a Lender

    

     

     

    By:
      /s/
      James Travagline    

    Title:
      Vice President

     

    

    COMERICA
      BANK, 

    as
      a Lender

    

     

     

    By:
      /s/
      Toru Ogura     

    Title:
      Vice President

     

    

    FIFTH
      THIRD BANK, 

    as
      a Lender

    

     

     

    By:
      /s/
      Gary Losey     

    Title:
      Vice President

    

    
      
        
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    KBC
      BANK NV DUBLIN BRANCH, 

    as
      a Lender

    

     

     

    By:
      /s/
      Elizabeth Stafford    

    Title:
      Manager

     

     

    By:
      /s/
      Michael P. Monaghan    

    Title:
      General Manager 

    

    MELLON
      BANK, N.A., 

    as
      a Lender

    

     

     

    By:
      /s/
      David B. Wirl     

    Title:
      First Vice President

     

    

    SOCIETE
      GENERALE, 

    as
      a Lender

     

     

    By:
      /s/
      Carol Radice     

    Title:
      Director

     

    

    SOCIETE
      GENERALE (CANADA BRANCH), 

    as
      a Lender

     

     

    By:
      /s/
      David Baldoni    

    Title:
      Managing Director

    

    By:
      /s/
      Vincent Gonzalez    

    Title:
      Vice President

    

    NORDEA
      BANK FINLAND PLC, 

    as
      a Lender

    

     

     

    By:
      /s/
      Henrik M. Steffensen    

    Title:
      Senior Vice President

     

     

    By:
      /s/
      Gerald E. Chelius, Jr.    

    Title:
      SVP Credit

    

    
      
        
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    PNC
      BANK, NATIONAL ASSOCIATION, 

    as
      a Lender

    

     

     

    By:
      /s/
      Philip K. Liebscher    

    Title:
      Senior Vice President

     

    

    THE
      BANK OF NEW YORK, 

    as
      a Lender

    

     

     

    By:
      /s/
      Robert Besser     

    Title:
      Vice President

     

    

    BANCO
      POPULAR DE PUERTO RICO,

    as
      Lender

    

     

     

    By:
      /s/
      Hector J. Gonzalez    

    Title:
      Vice President

     

    

     

    

    

    
      
        
          
          

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    SCHEDULE
      1.1

     

    MANDATORY
      COST FORMULAE

     

    1.The
      Mandatory Cost (to the extent applicable) is an addition to the interest rate
      to
      compensate Lenders for the cost of compliance with:

     

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

     

    (b)the
      requirements of the European Central Bank.

     

    2.On
      the first day of each Interest Period (or as soon as possible thereafter) the
      Administrative Agent shall calculate, as a percentage rate, a rate (the
“Additional
      Cost Rate”)
      for each Lender, in accordance with the paragraphs set out below. The Mandatory
      Cost will be calculated by the Administrative Agent as a weighted average of
      the
      Lenders’ Additional Cost Rates (weighted in proportion to the percentage
      participation of each Lender in the relevant Loan) and will be expressed as
      a
      percentage rate per annum.
      The Administrative Agent will, at the request of any Borrower or any Lender,
      deliver to such Borrower or such Lender as the case may be, a statement setting
      forth the calculation of any Mandatory Cost.

     

    3.The
      Additional Cost Rate for any Lender lending from a Lending Office in a
      Participating Member State will be the percentage notified by that Lender to
      the
      Administrative Agent. This percentage will be certified by such Lender in its
      notice to the Administrative Agent to be its reasonable determination of the
      cost (expressed as a percentage of such Lender’s participation in all Loans made
      from such Lending Office) of complying with the minimum reserve requirements
      of
      the European Central Bank in respect of Loans made from that Lending
      Office.

     

    4.The
      Additional Cost Rate for any Lender lending from a Lending Office in the United
      Kingdom will be calculated by the Administrative Agent as follows:

     

    (a)in
      relation to any Loan in Sterling:

     

    
      	
              AB+C(B-D)+E
                x 0.01

            	
              per
                cent per annum

            
	
              100
                - (A+C)

            

    

     

    (b)in
      relation to any Loan in any currency other than Sterling:

     

    
      	
              E
                x 0.01 

            	
              per
                cent per annum

            
	
              300

            

    

     

    Where:

     

    “A” is
      the percentage of Eligible Liabilities (assuming these to be in excess of any
      

     

    

    
      
        
          
            Schedule
              1.1

            Page 1

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    stated
      minimum) which that Lender is from time to time required to maintain as an
      interest free cash ratio deposit with the Bank of England to comply with cash
      ratio requirements.

     

    “B” is
      the percentage rate of interest (excluding the Applicable Rate, the Mandatory
      Cost and any interest charged on overdue amounts pursuant to the first sentence
      of Section
      2.08(b)
      and, in the case of interest (other than on overdue amounts) charged at the
      Default Rate, without counting any increase in interest rate effected by the
      charging of the Default Rate) payable for the relevant Interest Period of such
      Loan.

     

    “C” is
      the percentage (if any) of Eligible Liabilities which that Lender is required
      from time to time to maintain as interest bearing Special Deposits with the
      Bank
      of England.

     

    “D” is
      the percentage rate per annum payable by the Bank of England to the
      Administrative Agent on interest bearing Special Deposits.

     

    “E” is
      designed to compensate Lenders for amounts payable under the Fees Rules and
      is
      calculated by the Administrative Agent as being the average of the most recent
      rates of charge supplied by the Lenders to the Administrative Agent pursuant
      to
paragraph
      7
      below and expressed in pounds per £1,000,000.

     

    5.For
      the purposes of this Schedule:

     

    (a)“Eligible
      Liabilities”
      and “Special
      Deposits”
      have the meanings given to them from time to time under or pursuant to the
      Bank
      of England Act 1998 or (as may be appropriate) by the Bank of
      England;

     

    (b)“Fees
      Rules”
      means the rules on periodic fees contained in the FSA Supervision Manual or
      such
      other law or regulation as may be in force from time to time in respect of
      the
      payment of fees for the
      acceptance of deposits;

     

    (c)“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 taking into account any applicable discount rate);
      and

     

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

     

    6.In
      application of the above formulae, A, B, C and D will be included in the
      formulae as percentages (i.e.
      5% will be included in the formula as 5 and not as 0.05). A negative result
      obtained by subtracting D from B shall be taken as zero. The resulting figures
      shall be rounded to four decimal places.

     

    7.If
      requested by the Administrative Agent or any Borrower, each Lender with a
      Lending 

     

    

    
      
        
          
            Schedule
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    Office
      in the United Kingdom or a Participating Member State shall, as soon as
      practicable after publication by the Financial Services Authority, supply to
      the
      Administrative Agent and such Borrower, the rate of charge payable by such
      Lender to the Financial Services Authority pursuant to the Fees Rules in respect
      of the relevant financial year of the Financial Services Authority (calculated
      for this purpose by such Lender as being the average of the Fee Tariffs
      applicable to such Lender for that financial year) and expressed in pounds
      per
£1,000,000 of the Tariff Base of such Lender.

     

    8.Each
      Lender shall supply any information required by the Administrative Agent for
      the
      purpose of calculating its Additional Cost Rate. In particular, but without
      limitation, each Lender shall supply the following information in writing on
      or
      prior to the date on which it becomes a Lender:

     

    (a)the
      jurisdiction of the Lending Office out of which it is making available its
      participation in the relevant Loan; and

     

    (b)any
      other information that the Administrative Agent may reasonably require for
      such
      purpose.

     

     

    Each
      Lender shall promptly notify the Administrative Agent in writing of any change
      to the information provided by it pursuant to this paragraph.

     

    9.The
      percentages of each Lender for the purpose of A and C above and the rates of
      charge of each Lender for the purpose of E above shall be determined by the
      Administrative Agent based upon the information supplied to it pursuant to
      paragraphs
      7
      and 8
      above and on the assumption that, unless a Lender notifies the Administrative
      Agent to the contrary, each Lender’s obligations in relation to cash ratio
      deposits and Special Deposits are the same as those of a typical bank from
      its
      jurisdiction of incorporation with a Lending Office in the same jurisdiction
      as
      its Lending Office.

     

    10.The
      Administrative Agent shall have no liability to any Person if such determination
      results in an Additional Cost Rate which over- or under-compensates any Lender
      and shall be entitled to assume that the information provided by any Lender
      pursuant to paragraphs
      3,
      7
      and 8
      above is true and correct in all respects.

     

    11.The
      Administrative Agent shall distribute the additional amounts received as a
      result of the Mandatory Cost to the Lenders on the basis of the Additional
      Cost
      Rate for each Lender based on the information provided by each Lender pursuant
      to paragraphs
      3,
      7
      and 8
      above.

     

    12.Any
      determination by the Administrative Agent pursuant to this Schedule in relation
      to a formula, the Mandatory Cost, an Additional Cost Rate or any amount payable
      to a Lender shall, in the absence of manifest error, be conclusive and binding
      on all parties hereto.

     

    13.The
      Administrative Agent may from time to time, after consultation with the
      Borrowers and the Lenders, determine and notify to all parties any amendments
      which are required to be made to this Schedule in order to comply with any
      change in law, regulation or any 

     

    

    
      
        
          
            Schedule
              1.1

            Page 3

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    requirements
      from time to time imposed by the Bank of England, the Financial Services
      Authority or the European Central Bank (or, in any case, any other authority
      which replaces all or any of its functions) and any such determination shall,
      in
      the absence of manifest error, be conclusive and binding on all parties
      hereto.

     

    

    

     

    

    
      
        
          
            Schedule 1.1

            Page 4

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

    SCHEDULE
      2.1

     

    COMMITMENTS

     

    AND
      PRO RATA SHARES

     

    
      	
              Lender

               

            	
              Tranche
                A Commitment (US$)

               

            	
              Tranche
                B Commitment (US$)

               

            	
              Tranche
                C Commitment (US$)

               

            	
              Tranche
                D Commitment (US$)

               

            	
              Swing
                Line Commitment (US$)

               

            	
              Commitment
                Cap (US$)

               

            
	
              Bank
                of America, N.A. (Tranche C Commitment is held by Bank of America,
                Canada
                Branch)

               

            	
              278,666,666

               

            	
              15,666,667

               

            	
              20,833,333

               

            	
              25,333,335

               

            	
              500,000,000

               

            	
              301,666,666
                

               

            
	
              Citicorp
                USA, Inc. (Tranche C Commitment is held by Citibank, N.A., Canadian
                Branch)

               

            	
              278,666,666

               

            	
              15,666,667

               

            	
              20,833,333

               

            	
              25,333,334

               

            	
              500,000,000

               

            	
              301,666,666

               

            
	
              Bank
                of Tokyo-Mitsubishi UFJ, Ltd (Tranche C Commitment is held by Bank
                of
                Tokyo Mitsubishi UFJ (Canada))

               

            	
              224,666,667

               

            	
              12,333,333

               

            	
              16,666,667

               

            	
              20,000,000

               

            	
              0

               

            	
              241,666,667

               

            
	
              BNP
                Paribas (Tranche C Commitment is held by BNP Paribas
                (Canada))

               

            	
              228,000,000

               

            	
              12,333,333

               

            	
              8,333,333

               

            	
              20,000,000

               

            	
              0

               

            	
              241,666,667

               

            
	
              JP
                Morgan Chase Bank NA (Tranche C Commitment is held by JP Morgan Chase
                Bank, N.A., Toronto Branch)

               

            	
              228,000,000

               

            	
              12,333,333

               

            	
              8,333,333

               

            	
              20,000,000

               

            	
              0

               

            	
              241,666,667

               

            
	
              Barclays
                Bank PLC

               

            	
              160,666,667

               

            	
              8,000,000

               

            	
              0

               

            	
              14,333,333

               

            	
              0

               

            	
              166,666,667

               

            
	
              Deutsche
                Bank AG, New York Branch (Tranche C Commitment is held by Deutsche
                Bank
                AG, Canada Branch)

               

            	
              155,666,667

               

            	
              8,000,000

               

            	
              8,333,333

               

            	
              14,333,333

               

            	
              0

               

            	
              166,666,667

               

            
	
              HSBC
                Bank USA, National Association (Tranche C Commitment is held by HSBC
                Bank
                USA, National Assoication (Toronto Branch)

               

            	
              155,666,667

               

            	
              8,000,000

               

            	
              8,333,333

               

            	
              14,333,333

               

            	
              0

               

            	
              166,666,667

               

            
	
              Royal
                Bank of Canada

               

            	
              124,000,000

               

            	
              8,000,000

               

            	
              66,666,669

               

            	
              14,333,333

               

            	
              0

               

            	
              166,666,667

               

            
	
              Sumitomo
                Mitsui Banking Corporation (Tranche C Commitment is held by Sumitomo
                Mitsui Banking Corporation of Canada)

               

            	
              152,333,333

               

            	
              8,000,000

               

            	
              16,666,667

               

            	
              14,333,333

               

            	
              0

               

            	
              166,666,667

               

            
	
              Banco
                Santander Central Hispano, S.A. NY Branch

               

            	
              112,250,000

               

            	
              5,666,667

               

            	
              0

               

            	
              10,666,667

               

            	
              0

               

            	
              116,666,667

               

            
	
              Credit
                Suisse, Cayman Islands Branch

               

            	
              112,250,000

               

            	
              5,666,667

               

            	
              0

               

            	
              10,666,667

               

            	
              0

               

            	
              116,666,667

               

            
	
              Fortis
                Bank S.A./N.V.

               

            	
              114,000,000

               

            	
              0

               

            	
              0

               

            	
              10,666,667

               

            	
              0

               

            	
              116,666,667

               

            
	
              ING
                Belgium Financial Services Dublin Limited

               

            	
              112,250,000

               

            	
              5,666,667

               

            	
              0

               

            	
              10,666,667

               

            	
              0

               

            	
              116,666,667

               

            
	
              Merrill
                Lynch Bank USA

               

            	
              0

               

            	
              116,666,667

               

            	
              0

               

            	
              0

               

            	
              0

               

            	
              116,666,667

               

            
	
              Mizuho
                Corporate Bank, Ltd. Los Angeles Agency (Tranche C Commitment is
                held by
                Mizuho Corporate Bank (Canada))

               

            	
              107,250,000

               

            	
              5,666,667

               

            	
              8,333,333

               

            	
              10,666,667

               

            	
              0

               

            	
              116,666,667

               

            
	
              Morgan
                Stanley Bank

               

            	
              112,250,000

               

            	
              5,666,667

               

            	
              0

               

            	
              10,666,667

               

            	
              0

               

            	
              116,666,667

               

            
	
              The
                Royal Bank of Scotland plc

               

            	
              112,250,000

               

            	
              5,666,667

               

            	
              0

               

            	
              10,666,667

               

            	
              0

               

            	
              116,666,667

               

            
	
              The
                Toronto Dominion Bank

               

            	
              93,916,667

               

            	
              5,666,667

               

            	
              33,333,333

               

            	
              10,666,667

               

            	
              0

               

            	
              116,666,667

               

            
	
              UBS
                Loan Finance LLC (Tranche C Commitment is held by UBS AG Canada
                Branch)

               

            	
              107,250,000

               

            	
              5,666,667

               

            	
              8,333,333

               

            	
              10,666,667

               

            	
              0

               

            	
              116,666,667

               

            
	
              Bank
                of Montreal

               

            	
              42,250,000

               

            	
              4,000,000

               

            	
              33,333,333

               

            	
              6,333,333

               

            	
              0

               

            	
              63,333,333

               

            
	
              CIBC,
                Inc. (Tranche C Commitment is held by Canadian Imperial Bank of
                Commerce)

               

            	
              33,916,667

               

            	
              4,000,000

               

            	
              50,000,000

               

            	
              6,333,333

               

            	
              0

               

            	
              63,333,333

               

            
	
              Dresdner
                Bank AG New York Branch and Grand Cayman Branch

               

            	
              60,583,333

               

            	
              4,000,000

               

            	
              0

               

            	
              6,333,333

               

            	
              0

               

            	
              63,333,333

               

            
	
              Intesa
                Sanpaolo S.p.A.

               

            	
              63,333,333

               

            	
              0

               

            	
              0

               

            	
              0

               

            	
              0

               

            	
              63,333,333

               

            
	
              Scotiabanc
                Inc. (Tranche C Commitment is held by The Bank of Nova
                Scotia)

               

            	
              52,250,000

               

            	
              4,000,000

               

            	
              16,666,667

               

            	
              6,333,333

               

            	
              0

               

            	
              63,333,333

               

            
	
              Wachovia
                Bank, National Association

               

            	
              60,583,333

               

            	
              4,000,000

               

            	
              0

               

            	
              6,333,333

               

            	
              0

               

            	
              63,333,333

               

            
	
              Comerica
                Bank

               

            	
              31,583,333

               

            	
              3,000,000

               

            	
              0

               

            	
              3,333,333

               

            	
              0

               

            	
              33,333,333

               

            
	
              Fifth
                Third Bank

               

            	
              32,416,667

               

            	
              3,000,000

               

            	
              0

               

            	
              0

               

            	
              0

               

            	
              33,333,333

               

            
	
              KBC
                Bank NV Dublin Branch

               

            	
              32,500,000

               

            	
              0

               

            	
              0

               

            	
              3,333,333

               

            	
              0

               

            	
              33,333,333

               

            
	
              Mellon
                Bank, N.A.

               

            	
              31,583,333

               

            	
              3,000,000

               

            	
              0

               

            	
              3,333,333

               

            	
              0

               

            	
              33,333,333

               

            
	
              Societe
                Generale (Tranche C Commitment is held by Societe Generale (Canada
                Branch))

               

            	
              26,583,333

               

            	
              3,000,000

               

            	
              8,333,333

               

            	
              3,333,333

               

            	
              0

               

            	
              33,333,333

               

            
	
              Nordea
                Bank Finland plc

               

            	
              31,916,667

               

            	
              2,000,000

               

            	
              0

               

            	
              3,333,333

               

            	
              0

               

            	
              33,333,333

               

            
	
              PNC
                Bank, National Association

               

            	
              31,916,667

               

            	
              2,000,000

               

            	
              0

               

            	
              3,333,333

               

            	
              0

               

            	
              33,333,333

               

            
	
              The
                Bank of New York

               

            	
              31,916,667

               

            	
              2,000,000

               

            	
              0

               

            	
              3,333,333

               

            	
              0

               

            	
              33,333,333

               

            
	
              Banco
                Popular de Puerto Rico

               

            	
              0

               

            	
              25,000,000

               

            	
              0

               

            	
              0

               

            	
              0

               

            	
              25,000,000

               

            
	
              TOTAL:

               

            	
              3,533,333,333

               

            	
              333,333,333

               

            	
              333,333,333

               

            	
              333,333,333

               

            	
              1,000,000,000

               

            	
              4,000,000,000

               

            

    

    

     

    

    
      
        
          
             

            

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

    

     

    
      	
              Lender

               

            	
              Pro
                Rata Share of Tranche A

               

            	
              Pro
                Rata Share of Tranche B

               

            	
              Pro
                Rata Share of Tranche C

               

            	
              Pro
                Rata Share of Tranche D

               

            	
              Pro
                Rata Share of Commitment Cap

               

            
	
              Bank
                of America, N.A. (Tranche C Commitment is held by Bank of America,
                Canada
                Branch)

               

            	
              7.886792435%

               

            	
              4.700000105%

               

            	
              6.249999906%

               

            	
              7.600000508%

               

            	
              7.541666650%

               

            
	
              Citicorp
                USA, Inc. (Tranche C Commitment is held by Citibank, N.A., Canadian
                Branch)

               

            	
              7.886792435%

               

            	
              4.700000105%

               

            	
              6.249999906%

               

            	
              7.600000508%

               

            	
              7.541666650%

               

            
	
              Bank
                of Tokyo-Mitsubishi UFJ, Ltd (Tranche C Commitment is held by Bank
                of
                Tokyo Mitsubishi UFJ (Canada))

               

            	
              6.356490576%

               

            	
              3.699999904%

               

            	
              5.000000105%

               

            	
              6.000000006%

               

            	
              6.041666675%

               

            
	
              BNP
                Paribas (Tranche C Commitment is held by BNP Paribas
                (Canada))

               

            	
              6.452830189%

               

            	
              3.699999904%

               

            	
              2.499999903%

               

            	
              6.000000006%

               

            	
              6.041666675%

               

            
	
              JP
                Morgan Chase Bank NA (Tranche C Commitment is held by JP Morgan Chase
                Bank, N.A., Toronto Branch)

               

            	
              6.452830189%

               

            	
              3.699999904%

               

            	
              2.499999903%

               

            	
              6.000000006%

               

            	
              6.041666675%

               

            
	
              Barclays
                Bank PLC

               

            	
              4.547169821%

               

            	
              2.400000002%

               

            	
              0

               

            	
              4.299999904%

               

            	
              4.166666675%

               

            
	
              Deutsche
                Bank AG, New York Branch (Tranche C Commitment is held by Deutsche
                Bank
                AG, Canada Branch)

               

            	
              4.405660387%

               

            	
              2.400000002%

               

            	
              2.499999903%

               

            	
              4.299999904%

               

            	
              4.166666675%

               

            
	
              HSBC
                Bank USA, National Association (Tranche C Commitment is held by HSBC
                Bank
                USA, National Assoication (Toronto Branch)

               

            	
              4.405660387%

               

            	
              2.400000002%

               

            	
              2.499999903%

               

            	
              4.299999904%

               

            	
              4.166666675%

               

            
	
              Royal
                Bank of Canada

               

            	
              3.509433963%

               

            	
              2.400000002%

               

            	
              20.000000720%

               

            	
              4.299999904%

               

            	
              4.166666675%

               

            
	
              Sumitomo
                Mitsui Banking Corporation (Tranche C Commitment is held by Sumitomo
                Mitsui Banking Corporation of Canada)

               

            	
              4.311320746%

               

            	
              2.400000002%

               

            	
              5.000000105%

               

            	
              4.299999904%

               

            	
              4.166666675%

               

            
	
              Banco
                Santander Central Hispano, S.A. NY Branch

               

            	
              3.176886793%

               

            	
              1.700000102%

               

            	
              0

               

            	
              3.200000103%

               

            	
              2.916666675%

               

            
	
              Credit
                Suisse, Cayman Islands Branch

               

            	
              3.176886793%

               

            	
              1.700000102%

               

            	
              0

               

            	
              3.200000103%

               

            	
              2.916666675%

               

            
	
              Fortis
                Bank S.A./N.V.

               

            	
              3.226415095%

               

            	
              0

               

            	
              0

               

            	
              3.200000103%

               

            	
              2.916666675%

               

            
	
              ING
                Belgium Financial Services Dublin Limited

               

            	
              3.176886793%

               

            	
              1.700000102%

               

            	
              0

               

            	
              3.200000103%

               

            	
              2.916666675%

               

            
	
              Merrill
                Lynch Bank USA

               

            	
              0

               

            	
              34.999999235%

               

            	
              0

               

            	
              0

               

            	
              2.916666675%

               

            
	
              Mizuho
                Corporate Bank, Ltd. Los Angeles Agency (Tranche C Commitment is
                held by
                Mizuho Corporate Bank (Canada))

               

            	
              3.035377359%

               

            	
              1.700000102%

               

            	
              2.499999903%

               

            	
              3.200000103%

               

            	
              2.916666675%

               

            
	
              Morgan
                Stanley Bank

               

            	
              3.176886793%

               

            	
              1.700000102%

               

            	
              0

               

            	
              3.200000103%

               

            	
              2.916666675%

               

            
	
              The
                Royal Bank of Scotland plc

               

            	
              3.176886793%

               

            	
              1.700000102%

               

            	
              0

               

            	
              3.200000103%

               

            	
              2.916666675%

               

            
	
              The
                Toronto Dominion Bank

               

            	
              2.658018878%

               

            	
              1.700000102%

               

            	
              9.999999910%

               

            	
              3.200000103%

               

            	
              2.916666675%

               

            
	
              UBS
                Loan Finance LLC (Tranche C Commitment is held by UBS AG Canada
                Branch)

               

            	
              3.035377359%

               

            	
              1.700000102%

               

            	
              2.499999903%

               

            	
              3.200000103%

               

            	
              2.916666675%

               

            
	
              Bank
                of Montreal

               

            	
              1.195754717%

               

            	
              1.200000001%

               

            	
              9.999999910%

               

            	
              1.899999902%

               

            	
              1.583333325%

               

            
	
              CIBC,
                Inc. (Tranche C Commitment is held by Canadian Imperial Bank of
                Commerce)

               

            	
              0.959905670%

               

            	
              1.200000001%

               

            	
              15.000000015%

               

            	
              1.899999902%

               

            	
              1.583333325%

               

            
	
              Dresdner
                Bank AG New York Branch and Grand Cayman Branch

               

            	
              1.714622632%

               

            	
              1.200000001%

               

            	
              0

               

            	
              1.899999902%

               

            	
              1.583333325%

               

            
	
              Intesa
                Sanpaolo S.p.A.

               

            	
              1.792452821%

               

            	
              0

               

            	
              0

               

            	
              0

               

            	
              1.583333325%

               

            
	
              Scotiabanc
                Inc. (Tranche C Commitment is held by The Bank of Nova
                Scotia)

               

            	
              1.478773585%

               

            	
              1.200000001%

               

            	
              5.000000105%

               

            	
              1.899999902%

               

            	
              1.583333325%

               

            
	
              Wachovia
                Bank, National Association

               

            	
              1.714622632%

               

            	
              1.200000001%

               

            	
              0

               

            	
              1.899999902%

               

            	
              1.583333325%

               

            
	
              Comerica
                Bank

               

            	
              0.893867915%

            	
              0.900000001%

               

            	
              0

               

            	
              0.999999901%

               

            	
              0.833333325%

               

            
	
              Fifth
                Third Bank

               

            	
              0.917452840%

            	
              0.900000001%

               

            	
              0

               

            	
              0

               

            	
              0.833333325%

               

            
	
              KBC
                Bank NV Dublin Branch

               

            	
              0.919811321%

               

            	
              0

               

            	
              0

               

            	
              0.999999901%

               

            	
              0.833333325%

               

            
	
              Mellon
                Bank, N.A.

               

            	
              0.893867915%

               

            	
              0.900000001%

               

            	
              0

               

            	
              0.999999901%

               

            	
              0.833333325%

               

            
	
              Societe
                Generale (Tranche C Commitment is held by Societe Generale (Canada
                Branch))

               

            	
              0.752358481%

               

            	
              0.900000001%

               

            	
              2.499999903%

               

            	
              0.999999901%

               

            	
              0.833333325%

               

            
	
              Nordea
                Bank Finland plc

               

            	
              0.903301896%

               

            	
              0.600000001%

               

            	
              0

               

            	
              0.999999901%

               

            	
              0.833333325%

               

            
	
              PNC
                Bank, National Association

               

            	
              0.903301896%

               

            	
              0.600000001%

               

            	
              0

               

            	
              0.999999901%

               

            	
              0.833333325%

               

            
	
              The
                Bank of New York

               

            	
              0.903301896%

               

            	
              0.600000001%

               

            	
              0

               

            	
              0.999999901%

               

            	
              0.833333325%

               

            
	
              Banco
                Popular de Puerto Rico

               

            	
              0

               

            	
              7.500000008%

               

            	
              0

               

            	
              0

               

            	
              0.625000000%

               

            
	
              TOTAL:

               

            	
              100.00%

               

            	
              100.00%

               

            	
              100.00%

               

            	
              100.00%

               

            	
              100%

               

            

    

    

     

    

    

    
      
        
          
             

            

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

     

     SCHEDULE
      4.1(d)

     

    

    LIST
      OF AGREEMENTS TO BE TERMINATED

    

     

    Agreements
      to be terminated on or before the Closing Date

     

    

     

    Full
      Name   
Amount     Date
      

    

    
      	
              Toyota
                Financial Services (UK) plc, Toyota (GB) plc and Toyota Motor Finance
                (Netherlands) 

              B.V.
€800,000,000

              Facility
                Agreement.

               

               

            	
              €550,000,000

               

              Total:  €550,000,000

            	
              12/16/2005

            

    

     

     

     

    

     

    

    

    
      
        
          
             

            1

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

    SCHEDULE
      9.2

     

    ADMINISTRATIVE
      AGENT’S OFFICE,

     

    CERTAIN
      ADDRESSES FOR NOTICES

     

    ADMINISTRATIVE
      AGENT:

    

    Administrative
      Agent’s
      Office 

    (for
      Notices of Payments and Requests for Loans):

    Bank
      of America, N.A.

    2001
      Clayton Road

    Concord,
      CA 94520

    Mail
      Code: CA4-702-02-25

    Attention:
      Kristine Kelleher

    
      	  	
              Telephone:(925)
                675-8373

            

    

    
      	  	
              Facsimile:
                (888)
                969-2414

            

    

    
      	  	
              Electronic
                Mail:
                kristine.l.kelleher@bankofamerica.com

            

    

    
      	  	 

    

    
      	 	
              (for
                Payments):

            

    

    US
      Dollars

    Bank
      of America NA

    New
      York, NY

    ABA
      026009593

    Acct:
      3750836479

    Ref: 
      Toyota Motor Credit

    Attn: 
      Kristine Kelleher

    
      	 	 

    

    Euro

    Bank
      of America 

    London,
      England

    Swift
      BOFAGB22

    Acct:
      65280019

    Ref: 
      Toyota Motor Credit

     

    Sterling

    Bank
      of America

    London,
      England

    Sort
      Code: 16-50-50

    Swift
      Code BOFAGB22

    Acct:
      65280027

    Ref: 
      Toyota Motor Credit

     

    Canadian
      Dollars

    Bank
      of America

    Toronto
      Canada

    Transit
      # 01312

    Swift
      Code:  BOFACATT

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    Acct:
      711465003220

    Ref: 
      Toyota Motor Credit

    
      	 	 

    

    

    (Other
      Notices as Administrative Agent):

    

    Bank
      of America, N.A.

    Agency
      Management

    335
      Madison Avenue

    Mail
      Code: NY1-503-04-03

    New
      York, NY 10017

    Attn:
      Steven Gazzillo

    
      	  	
              Telephone:(212)
                503-8328

            

    

    
      	  	
              Facsimile:
                (212)
                901-7842

            

    

    
      	  	
              Electronic
                Mail:
                steven.gazzillo@bankofamerica.com

            

    

    

    CANADIAN
      SUB-AGENT:

    

    (for
      Notices of Payments and Requests for Loans):

    Bank
      of America, N.A., Canada Branch

    200
      Front Street West, Suite 2700

    Toronto,
      Ontario M5V3L2

    Attention:
      Clara McGibbon

    
      	 	
              Telephone:(416)
                349-5484

            

    

    
      	 	
              Facsimile:
                (416)
                349-4282

            

    

    
      	 	
              Electronic
                Mail:
                clara.mcgibbon@bankofamerica.com

            

    

    
      	 	 

    

    
      	 	
              (for
                Payments):

            

    

    
      	
              US
                Dollar

            
	
              BankAmerica
                International New York

            
	
              335
                Madison Avenue, New York, NY. 10017

            
	
              Swift
                Code: BOFAUS3N 

              ABA#
                026009593

            
	
              For
                the Account of: Bank of America, Canada Branch

            
	
              Account
                #: 65502-01805

            
	
              Swift
                Code: BOFACATT

            
	
              Ref:
                Toyota Credit Canada Inc.

            

    

    
      	 	 

    

    
      	
              Canadian
                Dollar

            
	
              LVTS
                - Large Value Transaction System

            
	
              Bank
                of America, N.A., Canada Branch

            
	
              200
                Front Street West, Toronto

            
	
              Attn:
                Agency Loans Admin.

            
	
              Swift
                Code: BOFACATT

            
	
              Transit
                #: 56792-241 Account #: 90083255

            
	
              Ref:
                Toyota Credit Canada Inc.

            
	
              Euro

            
	
              BANK
                OF AMERICA NT & SA LONDON SWIFT CODE BOFAGB22

            
	
              FOR
                THE ACCOUNT OF BANK OF AMERICA NA CANADA BRANCH,

              ACCOUNT
                # 6008-14866034, SWIFT CODE: BOFACATT. 

            
	
              ATTENTION:
                LOANS DEPARTMENT.

              Ref:
                Toyota Credit Canada Inc.

            
	 
	
              Sterling

            
	
              BANK
                OF AMERICA NT & SA LONDON SWIFT CODE BOFAGB22

            
	
              FOR
                THE ACCOUNT OF BANK OF AMERICA NA CANADA BRANCH, ACCOUNT # 14866-018,
                SWIFT CODE: BOFACATT. 

            
	
              ATTENTION:
                LOANS DEPARTMENT.

              Ref:
                Toyota Credit Canada Inc.

            
	 

    

    
      	  	 

    

    
      	  	 

    

    SWING
      LINE AGENT:

    

    (for
      Notices of Payments and Requests for Loans):

    
      	  	 

    

    Bank
      of America NA

    London
      E14 5AQ

    United
      Kingdom

    Fax
      number: +44
      208 313 2149

    E-mail:  emea.7115loansagency@bankofamerica.com

    Attention: Loans
      Agency

    
      	  	 

    

    
      	 	
              (for
                Payments):

            

    

    US
      Dollars

     BANK
      OF AMERICA NA, NEW YORK 

    ACCOUNT
      BANK OF AMERICA NA, LONDON 

    A/C
      6550360564

    ATTN:
      LOANS AGENCY

    
      	 	 

    

    Euro

    BANK
      OF AMERICA NA., LONDON (SWIFT BOFAGB22)

    ACCOUNT
      NUMBER: GB54BOFA16505096008050

    ATTN:
      LOANS AGENCY

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    Sterling

    BANK
      OF AMERICA N.A., LONDON (SWIFT BOFAGB22)

    CHAPS
      SORT CODE: 16-50-50

    ACCOUNT
      NO. 11020104

    ATTN:
      LOANS AGENCY

    

    Canadian
      Dollar

    BANK
      OF AMERICA NA., TORONTO CANADA BRANCHE

    ACCOUNT
      BANK OF AMERICA NA, LONDON 

    ACCOUNT
      NO. 65652225

    ATTN:
      LOANS AGENCY

    

     

    BORROWERS:

    

     

    Toyota
      Motor Credit Corporation

     

    19001
      South Western Avenue 

    P.O.
      Box 2958

    Mail
      Stop NF-10

    Torrance,
      CA 90509-2958

    Attention:
      Janet Rydell, Cash Manager and Jeff Carter, National Treasury
      Manager

    Telephone:
      (310) 468-6176

    Facsimile:
      (310) 381-5219

    

    Toyota
      Motor Finance (Netherlands) B.V.

     

    c/o
      Toyota Financial Services (UK) plc

    Great
      Burgh

    Burgh
      Heath Epson

    Surrey
      KT185UZ

    United
      Kingdom

    Attention:
      Treasury Manager

    Telephone:
      44 (0) 1737 365 590

    Facsimile:
      44 (0) 1737 365 596

    

    With
      a copy to:

     

    Toyota
      Motor Credit Corporation

    19001
      South Western Avenue 

    P.O.
      Box 2958

    Mail
      Stop NF-10

    Torrance,
      CA 90509-2958

    Attention:
      Janet Rydell, Cash Manager and Jeff Carter, National Treasury
      Manager

    Telephone:
      (310) 468-6176 

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    Facsimile:
      (310) 381-5219

    

    Toyota
      Financial Services (UK) plc

     

    Great
      Burgh

    Burgh
      Heath Epson

    Surrey
      KT185UZ

    United
      Kingdom

    Attention:
      Treasury Manager

    Telephone:
      44 (0) 1737 365 590

    Facsimile:
      44 (0) 1737 365 596

    

    With
      a copy to:

     

    Toyota
      Motor Credit Corporation

    19001
      South Western Avenue 

    P.O.
      Box 2958

    Mail
      Stop NF-10

    Torrance,
      CA 90509-2958

    Attention:
      Janet Rydell, Cash Manager and Jeff Carter, National Treasury
      Manager

    Telephone:
      (310) 468-6176

    Facsimile:
      (310) 381-5219

     

    Toyota
      Kreditbank GmbH

     

    c/o
      Toyota Financial Services (UK) plc

    Great
      Burgh

    Burgh
      Heath Epson

    Surrey
      KT185UZ

    United
      Kingdom

    Attention:
      Treasury Manager

    Telephone:
      44 (0) 1737 365 590

    Facsimile:
      44 (0) 1737 365 596

    

    With
      a copy to:

     

    Toyota
      Motor Credit Corporation

    19001
      South Western Avenue 

    P.O.
      Box 2958

    Mail
      Stop NF-10

    Torrance,
      CA 90509-2958

    Attention:
      Janet Rydell, Cash Manager and Jeff Carter, National Treasury
      Manager

    Telephone:
      (310) 468-6176

    Facsimile:
      (310) 381-5219

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

     

    Toyota
      Credit de Puerto Rico Corp.

     

    c/o
      Toyota Motor Credit Corporation

    19001
      South Western Avenue 

    P.O.
      Box 2958

    Mail
      Stop NF-10

    Torrance,
      CA 90509-2958

    Attention:
      Janet Rydell, Cash Manager and Jeff Carter, National Treasury
      Manager

    Telephone:
      (310) 468-6176

    Facsimile:
      (310) 381-5219

     

    Toyota
      Credit Canada Inc.

     

    80
      Micro Court, Suite 200

    Markham,
      Ontario

    Canada
      L3R 9Z5

    Attention:
      Treasury Manager

    Telephone:
      (905) 513-5409

    

    With
      a copy to:

     

    Toyota
      Motor Credit Corporation

    19001
      South Western Avenue 

    P.O.
      Box 2958

    Mail
      Stop NF-10

    Torrance,
      CA 90509-2958

    Attention:
      Janet Rydell, Cash Manager and Jeff Carter, National Treasury
      Manager

    Telephone:
      (310) 468-6176

    Facsimile:
      (310) 381-5219

     

    Toyota
      Leasing GmbH

     

    c/o
      Toyota Financial Services (UK) plc

    Great
      Burgh

    Burgh
      Heath Epson

    Surrey
      KT185UZ

    United
      Kingdom

    Attention:
      Treasury Manager

    Telephone:
      44 (0) 1737 365 590

    Facsimile:
      44 (0) 1737 365 596

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    With
      a copy to:

     

    Toyota
      Motor Credit Corporation

    19001
      South Western Avenue 

    P.O.
      Box 2958

    Mail
      Stop NF-10

    Torrance,
      CA 90509-2958

    Attention:
      Janet Rydell, Cash Manager and Jeff Carter, National Treasury
      Manager

    Telephone:
      (310) 468-6176

    Facsimile:
      (310) 381-5219

     

    

     

    Website:

     

    None

     

    

     

    

     

    

    
      
        
          
             

            

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

    EXHIBIT
      A-1

     

    FORM
      OF COMMITTED LOAN NOTICE

     

    

     

    Date:
      ___________, _____

    
      	
              To:

            	
              Bank
                of America, N.A., as Administrative
                Agent

            

    

     

    Ladies
      and Gentlemen:

    

    Reference
      is made to that certain 364 Day Credit Agreement, dated as of March 28, 2007
      (as
      amended, restated, extended, supplemented or otherwise modified in writing
      from
      time to time, the “Agreement;”
      the terms defined therein being used herein as therein defined), among Toyota
      Motor Finance (Netherlands) B.V., a corporation organized under the laws of
      the
      Netherlands, Toyota Motor Credit Corporation, a California corporation, Toyota
      Financial Services (UK) plc, a corporation organized under the laws of England,
      Toyota Kreditbank GmbH, a corporation organized under the laws of Germany,
      Toyota Credit de Puerto Rico Corp., a corporation organized under the laws
      of
      Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws
      of Canada, Toyota Leasing GmbH, a corporation organized under the laws of
      Germany, the Lenders from time to time party thereto, Bank of America, N.A.,
      as
      Administrative Agent, Banc of America Securities LLC and Citigroup Global
      Markets Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp USA,
      Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
      JPMorgan Chase Bank, N.A., as Documentation Agents.

    

    The
      undersigned hereby requests (select one):

    

    __
      A Borrowing of Committed Loans 
      __ A conversion or continuation of Loans

    

    1. On
      _____________________ 
      (a Business Day).

    

    2. In
      the amount of [US$][CDN$][€][£] ______________.

    

    3. Comprised
      of __________________________. [Type
      of Committed Loan requested]

    

    4. For
      Eurocurrency Rate Loans: with an Interest Period of ___
      months.

    

    5. For
      Bankers’ Acceptances, Drafts and BA Equivalent Notes: with a BA Maturity Date
      of ___
      days.

    

    [The
      Committed Borrowing requested herein complies with the proviso to the first
      sentence of Section
      2.1[(a)][(b)][(c)][(d]]
      of the Agreement.]

    

    [The
      undersigned hereby represents and warrants that the conditions set forth in
      Section
      4.2(a)
      and (b)
      have been satisfied on and as of the date the Committed Loans are borrowed,
      including, without limitation, that the Borrowing is within the Committed
      Borrower’s corporate 

    

    
      
        
          
            A-1-1

            Form of Committed Loan Notice

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    powers,
      has been duly authorized by all necessary corporate action, and the amount
      of
      the Committed Borrowing does not exceed such authorization.]

    

    [TOYOTA
      MOTOR FINANCE (NETHERLANDS) B.V.]

    [TOYOTA
      MOTOR CREDIT CORPORATION]

    [TOYOTA
      FINANCIAL SERVICES (UK) PLC]

    [TOYOTA
      KREDITBANK GMBH]

    [TOYOTA
      CREDIT DE PUERTO RICO CORP.]

    [TOYOTA
      CREDIT CANADA INC.]

    [TOYOTA
      LEASING GMBH]

     

    

     

    By:
       

     

    Name:
       

     

    Title:
       

     

    

     

    

    

    
      
        
          
            A-1-2

            Form of Committed Loan Notice

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

    EXHIBIT
      A-2

     

    FORM
      OF SWING
      LINE LOAN NOTICE

     

    

     

    Date:
      ___________, _____

    
      	
              To:

            	
              Bank
                of America, N.A., as Swing Line
                Agent

            

    

     

    Bank
      of America, N.A., as Administrative Agent

     

    Ladies
      and Gentlemen:

    

    Reference
      is made to that certain 364 Day Credit Agreement, dated as of March 28, 2007
      (as
      amended, restated, extended, supplemented or otherwise modified in writing
      from
      time to time, the “Agreement;”
      the terms defined therein being used herein as therein defined), among Toyota
      Motor Finance (Netherlands) B.V., a corporation organized under the laws of
      the
      Netherlands, Toyota Motor Credit Corporation, a California corporation, Toyota
      Financial Services (UK) plc, a corporation organized under the laws of England,
      Toyota Kreditbank GmbH, a corporation organized under the laws of Germany,
      Toyota Credit de Puerto Rico Corp., a corporation organized under the laws
      of
      Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws
      of Canada, Toyota Leasing GmbH, a corporation organized under the laws of
      Germany, the Lenders from time to time party thereto, Bank of America, N.A.,
      as
      Administrative Agent, Banc of America Securities LLC and Citigroup Global
      Markets Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp USA,
      Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
      JPMorgan Chase Bank, N.A., as Documentation Agents.

    

    The
      undersigned hereby requests a Swing Line Loan: 

    

    1. On
      _______________________ 
      (a Business Day).

    

    2. In
      the amount of [US$][CDN$][€][£]________________.

    

    The
      Swing Line Borrowing requested herein complies with the requirements of the
      provisos to the first sentence of Section
      2.16(a)
      of the Agreement.

    

    The
      undersigned hereby represents and warrants that the conditions set forth in
      Section
      4.2(a)
      and (b)
      have been satisfied on and as of the date the Committed Loans are borrowed,
      including, without limitation, that the Borrowing is within the Committed
      Borrower’s corporate powers, has been duly authorized by all necessary corporate
      action, and the amount of the Committed Borrowing does not exceed such
      authorization.

    

    [TOYOTA
      MOTOR FINANCE (NETHERLANDS) B.V.]

    [TOYOTA
      MOTOR CREDIT CORPORATION]

    [TOYOTA
      FINANCIAL SERVICES (UK) PLC]

    [TOYOTA
      KREDITBANK GMBH]

    

    
      
        
          
            A-2-1

            Form of Swing Line Loan Notice

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    [TOYOTA
      CREDIT DE PUERTO RICO CORP.]

    [TOYOTA
      CREDIT CANADA INC.]

    [TOYOTA
      LEASING GMBH]

     

    By:
       

     

    Name:
       

     

    Title:
       

     

    

     

    

    

    
      
        
          
            A-2-2

            Form of Swing Line Loan Notice

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

    EXHIBIT
      B

     

    FORM
      OF NOTE

     

     

    __________,
      200_

     

    

    FOR
      VALUE RECEIVED, the undersigned (the “Borrower”),
      hereby promises to pay, without setoff or counterclaim, to _____________________
      or to its order (the “Lender”),
      in accordance with the provisions of the Agreement (as hereinafter defined),
      the
      principal amount of each Loan from time to time made by the Lender to the
      Borrower under that certain 364 Day Credit Agreement, dated as of March 28,
      2007
      (as amended, restated, extended, supplemented or otherwise modified in writing
      from time to time, the “Agreement;”
      the terms defined therein being used herein as therein defined), among Toyota
      Motor Finance (Netherlands) B.V., a corporation organized under the laws of
      the
      Netherlands, Toyota Motor Credit Corporation, a California corporation, Toyota
      Financial Services (UK) plc, a corporation organized under the laws of England,
      Toyota Kreditbank GmbH, a corporation organized under the laws of Germany,
      Toyota Credit de Puerto Rico Corp., a corporation organized under the laws
      of
      Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws
      of Canada, Toyota Leasing GmbH, a corporation organized under the laws of
      Germany, the Lenders from time to time party thereto, Bank of America, N.A.,
      as
      Administrative Agent, Banc of America Securities LLC and Citigroup Global
      Markets Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp USA,
      Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
      JPMorgan Chase Bank, N.A., as Documentation Agents.

    

    The
      Borrower promises to pay interest on the unpaid principal amount of each Loan
      from the date of such Loan until such principal amount is paid in full, at
      such
      interest rates and at such times as provided in the Agreement. All payments
      of
      principal and interest shall be made to the Administrative Agent for the account
      of the Lender in US Dollars in immediately available funds at the Administrative
      Agent’s
      Office. If any amount is not paid in full when due hereunder, such unpaid amount
      shall bear interest, to be paid upon demand, from the due date thereof until
      the
      date of actual payment (and before as well as after judgment) computed at the
      per annum rate set forth in the Agreement.

    

    This
      Note is one of the Notes referred to in the Agreement, is entitled to the
      benefits thereof and may be prepaid in whole or in part subject to the terms
      and
      conditions provided therein. Upon the occurrence and continuation of one or
      more
      of the Events of Default specified in the Agreement, all amounts then remaining
      unpaid on this Note shall become, or may be declared to be, immediately due
      and
      payable all as provided in the Agreement. Loans made by the Lender shall be
      evidenced by one or more loan accounts or records maintained by the Lender
      in
      the ordinary course of business. The Lender may also attach schedules to this
      Note and endorse thereon the date, amount and maturity of its Loans and payments
      with respect thereto.

    

    

    
      
        
          
            B-1

            Form of Note

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    THIS
      NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
      STATE
      OF NEW YORK.

     

    [TOYOTA
      MOTOR FINANCE (NETHERLANDS) B.V.]

    [TOYOTA
      MOTOR CREDIT CORPORATION]

    [TOYOTA
      FINANCIAL SERVICES (UK) PLC]

    [TOYOTA
      KREDITBANK GMBH]

    [TOYOTA
      CREDIT DE PUERTO RICO CORP.]

    [TOYOTA
      CREDIT CANADA INC.]

    [TOYOTA
      LEASING GMBH]

     

    

     

    By:
       

     

    Name:
       

     

    Title: 

    

    
      
        
          
            B-2

            Form of Note

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    LOANS
      AND PAYMENTS WITH RESPECT THERETO

     

    

     

    
      	
              Date

               

            	
              Type
                of Loan Made

               

            	
              Amount
                of Loan Made

               

            	
              End
                of Interest Period

               

            	
              Amount
                of Principal or Interest Paid This Date

               

            	
              Outstanding
                Principal Balance This Date

               

            	
              Notation
                Made By

               

            
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

    

    

    

    
      
        
          
             

            

          

          
            B-3

            Form of Note

          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

    EXHIBIT
      C

     

    FORM
      OF COMPLIANCE CERTIFICATE

     

    

     

    

     

            
      As required by Section
      6.1(c)
      of the 364 Day Credit Agreement, dated as of March 28, 2007 (as amended,
      restated, extended, supplemented or otherwise modified in writing from time
      to
      time, the “Agreement;”
      the terms defined therein being used herein as therein defined), among Toyota
      Motor Finance (Netherlands) B.V., a corporation organized under the laws of
      the
      Netherlands, Toyota Motor Credit Corporation, a California corporation, Toyota
      Financial Services (UK) plc, a corporation organized under the laws of England,
      Toyota Kreditbank GmbH, a corporation organized under the laws of Germany,
      Toyota Credit de Puerto Rico Corp., a corporation organized under the laws
      of
      Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws
      of Canada, Toyota Leasing GmbH, a corporation organized under the laws of
      Germany, the Lenders from time to time party thereto, Bank of America, N.A.,
      as
      Administrative Agent, Banc of America Securities LLC and Citigroup Global
      Markets, Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp USA,
      Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
      JPMorgan Chase Bank, N.A., as Documentation Agents (the “Agreement”), I,
      __________________, do hereby certify that I am the chief financial officer
      of
      [Toyota Motor Finance (Netherlands) B.V.] [Toyota Motor Credit Corporation]
      [Toyota Financial Services (UK) plc] [Toyota Kreditbank GmbH] [Toyota Credit
      de
      Puerto Rico Corp.] [Toyota Credit Canada Inc.] [Toyota Leasing GmbH] (the
“Company”), and further certify on behalf of the Company that, to the best of my
      knowledge, no Default (as defined in the Agreement) under the Agreement exists
      as of the date of this Certificate.

    

     

    Certified
      this _____ day of ______________, 200_

      

      

     

     

     

    Name:
      ___________________________________

    

    

    

    
      
        
          
             

            

          

          
            C-1

            Form of Compliance Certificate

          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

    EXHIBIT
      D

     

    ASSIGNMENT
      AND ASSUMPTION

     

    This
      Assignment and Assumption (this “Assignment
      and Assumption”)
      is
      dated as of the Effective Date set forth below and is entered into by and
      between [Insert
      name of Assignor]
      (the
“Assignor”)
      and
      [Insert
      name of Assignee]
      (the
“Assignee”).
      Capitalized terms used but not defined herein shall have the meanings given
      to
      them in the Credit Agreement identified below (the “Credit
      Agreement”),
      receipt of a copy of which is hereby acknowledged by the Assignee. The Standard
      Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed
      to
      and incorporated herein by reference and made a part of this Assignment and
      Assumption as if set forth herein in full.

    

    For
      an
      agreed consideration, the Assignor hereby irrevocably sells and assigns to
      the
      Assignee, and the Assignee hereby irrevocably purchases and assumes from the
      Assignor, subject to and in accordance with the Standard Terms and Conditions
      and the Credit Agreement, as of the Effective Date inserted by the
      Administrative Agent as contemplated below (i) all of the Assignor’s rights and
      obligations as a Lender under the Credit Agreement and any other documents
      or
      instruments delivered pursuant thereto to the extent related to the amount
      and
      percentage interest identified below of all of such outstanding rights and
      obligations of the Assignor under the respective facilities identified below
      and
      (ii) to the extent permitted to be assigned under applicable Law, all claims,
      suits, causes of action and any other right of the Assignor (in its capacity
      as
      a Lender) against any Person, whether known or unknown, arising under or in
      connection with the Credit Agreement, any other documents or instruments
      delivered pursuant thereto or the loan transactions governed thereby or in
      any
      way based on or related to any of the foregoing, including, but not limited
      to,
      contract claims, tort claims, malpractice claims, statutory claims and all
      other
      claims at Law or in equity related to the rights and obligations sold and
      assigned pursuant to clause (i) above (the rights and obligations sold and
      assigned pursuant to clauses (i) and (ii) above being referred to herein
      collectively as, the
      “Assigned
      Interest”).
      Such
      sale and assignment is without recourse to the Assignor and, except as expressly
      provided in this Assignment and Assumption, without representation or warranty
      by the Assignor.

    

    1.Assignor:______________________________

    2.Assignee:______________________________[and
      is
      an Affiliate/Approved Fund of [identify
      Lender]1
       

      
        3.Borrower(s):[Toyota
          Motor Finance (Netherlands) B.V.] [Toyota Motor Credit Corporation] [Toyota
          Financial Services (UK) plc] [Toyota Kreditbank GmbH] [Toyota Credit de
          Puerto
          Rico Corp.] [Toyota Credit Canada Inc.] [Toyota Leasing GmbH] 

         

        
          4.Administrative
            Agent: ______________________, as the administrative agent under the
            Credit
            Agreement

           

          
            5.Credit
              Agreement:364
              Day
              Credit Agreement, dated as of March 28, 2007 (as
              amended, restated, extended, supplemented or otherwise modified in
              writing from
              time to time, the “Agreement;”
              the terms defined therein being used herein as therein defined),
              among
              Toyota Motor Finance (Netherlands) B.V., a corporation organized under
              the laws
              of the Netherlands, Toyota Motor Credit Corporation, a California corporation,
              Toyota Financial Services (UK) plc, a corporation organized under the
              laws of
              England, Toyota Kreditbank GmbH, a corporation organized under the
              laws of
              Germany, Toyota Credit de Puerto Rico Corp., a corporation organized
              under the
              laws of Puerto Rico, Toyota Credit Canada Inc., a corporation organized
              under
              the laws of Canada, Toyota Leasing GmbH, a corporation organized under
              the laws
              of Germany, the Lenders from time to time party thereto, Bank of America,
              N.A.,
              as Administrative Agent, Banc of America Securities LLC and Citigroup
              Global
              Markets Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp
              USA,
              Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd.
              and
              JPMorgan Chase Bank, N.A., as Documentation Agents.

            ________________________

            1
              Select as applicable.

             

            
              
                
                  D-1

                  Assignment and Assumption

                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          

        

      

    

     

    6.Assigned
      Interest:2

      

    
      	
                

                

                

                Facility
                Assigned:

                Tranche
                [A][B][C][D]

            	
                Aggregate

                Amount
                of

                Tranche
                [A][B][C][D] Commitment/Loans

                for
                all Lenders*

            	
                

                Amount
                of

                Tranche
                [A][B][C][D] Commitment/Loans

                Assigned*

            	
                

                Percentage

                Assigned
                of

                Tranche
                [A][B][C][D] Commitment/Loans3

               

            	
                

                Assignee’s
                

                Commitment
                Cap

            
	
               

            	
                

            	
               

            	
               

            	
               

            
	
                Commitment/Committed
                Loans being assigned

               

            	
                US$_______________

            	
                US$________________

            	
                ______________%

            	
                US$________________

            

    

     

    [7. Trade
      Date: __________________]4 

    Effective
      Date: __________________, 20__ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND
      WHICH
      SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER
      THEREFOR.]

     

    [8. The
      Assignee represents and warrants to the Assignor and to TCCI that it is not
      a
      non-resident of Canada for the purposes of Part XIII of the Income
      Tax Act
      (Canada).]5 

     

    ______________________

    *
      Amount
      to be adjusted by the counterparties to take into account any payments or
      prepayments made between the Trade Date and the Effective
      Date.

    
      2 The
        reference to “Loans” in the table should be used only if the Credit Agreement
        provides for Term Loans.

       

    

    3
      Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans
      of
      all Lenders thereunder.

    4 
      To be completed if the Assignor and the Assignee intend that the minimum
      assignment amount is to be determined as of the Trade Date.

    5
      To
      be inserted in the case of an assignment by a Tranche C
      Lender.

    
 

    
      
        
          D-2

          Assignment and Assumption

        

      

      
        
        

        
          

        

      

      
        
        

      

    

    The
      terms
      set forth in this Assignment and Assumption are hereby agreed to:

     

    ASSIGNOR

     [NAME
      OF
      ASSIGNOR]

      

     By:
      _____________________________

     Title:

      

     ASSIGNEE

     [NAME
      OF
      ASSIGNEE]

      

     By:
      _____________________________

     Title:

     

    
      
        
          D-3

          Assignment and Assumption

        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Consented
      to and]6
      Accepted:

      

    [NAME
      OF
      ADMINISTRATIVE AGENT], as

    Administrative
      Agent

      

    By:
      _________________________________

    Title:

      

    [Consented
      to:]7

      

    By:
      _________________________________

    Title:

     

    _______________________

    6 To be added only if the consent of the Administrative Agent is required
      by the terms of the Credit Agreement.

    7 To be added only if the consent of the applicable Borrower and/or other
      parties is required by the terms of the Credit Agreement.

    

    
      
        
          
            D-4

            Assignment and Assumption

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ANNEX
      1 TO ASSIGNMENT AND ASSUMPTION

    

    (364
      DAY CREDIT AGREEMENT, DATED AS OF MARCH 28, 2007 (AS AMENDED, RESTATED,
      EXTENDED, SUPPLEMENTED OR OTHERWISE MODIFIED IN WRITING FROM TIME TO TIME,
      THE
“AGREEMENT;”
      THE TERMS DEFINED THEREIN BEING USED HEREIN AS THEREIN DEFINED), AMONG TOYOTA
      MOTOR FINANCE (NETHERLANDS) B.V., A CORPORATION ORGANIZED UNDER THE LAWS OF
      THE
      NETHERLANDS, TOYOTA MOTOR CREDIT CORPORATION, A CALIFORNIA CORPORATION, TOYOTA
      FINANCIAL SERVICES (UK) PLC, A CORPORATION ORGANIZED UNDER THE LAWS OF ENGLAND,
      TOYOTA KREDITBANK GMBH, A CORPORATION ORGANIZED UNDER THE LAWS OF GERMANY,
      TOYOTA CREDIT DE PUERTO RICO CORP., A CORPORATION ORGANIZED UNDER THE LAWS
      OF
      PUERTO RICO, TOYOTA CREDIT CANADA INC., A CORPORATION ORGANIZED UNDER THE LAWS
      OF CANADA, TOYOTA LEASING GMBH, A CORPORATION ORGANIZED UNDER THE LAWS OF
      GERMANY, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A.,
      AS
      ADMINISTRATIVE AGENT, BANC OF AMERICA SECURITIES LLC AND CITIGROUP GLOBAL
      MARKETS INC., AS JOINT LEAD ARRANGERS AND JOINT BOOK MANAGERS, CITICORP USA,
      INC., AS SYNDICATION AGENT, AND THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. AND
      JPMORGAN CHASE BANK, N.A., AS DOCUMENTATION AGENTS)

    

    STANDARD
      TERMS AND CONDITIONS FOR 

    ASSIGNMENT
      AND ASSUMPTION

    

    1. Representations
      and Warranties.

    

    1.1. Assignor.
      The Assignor (a) represents and warrants that (i) it is the legal and beneficial
      owner of the Assigned Interest, (ii) the Assigned Interest is free and clear
      of
      any lien, encumbrance or other adverse claim created by the Assignor and (iii)
      it has full power and authority, and has taken all action necessary, to execute
      and deliver this Assignment and Assumption and to consummate the transactions
      contemplated hereby; and (b) assumes no responsibility with respect to (i)
      any
      statements, warranties or representations made in or in connection with the
      Credit Agreement or any other Loan Document, (ii) the execution, legality,
      validity, enforceability, genuineness, sufficiency or value of the Loan
      Documents or any collateral thereunder, (iii) the financial condition of any
      Borrower or any of its Affiliates or any other Person obligated in respect
      of
      any Loan Document or (iv) the performance or observance by any Borrower or
      any
      of its Affiliates or any other Person of any of their respective obligations
      under any Loan Document. 

    

    1.2. Assignee.
      The Assignee (a) represents and warrants that (i) it has full power and
      authority, and has taken all action necessary, to execute and deliver this
      Assignment and Assumption and to consummate the transactions contemplated hereby
      and to become a Lender under the Credit Agreement, (ii) it meets all
      requirements of an Eligible Assignee under the Credit Agreement (subject to
      receipt of such consents as may be required under the Credit Agreement), (iii)
      from and after the Effective Date, it shall be bound by the provisions of the
      Credit Agreement as a Lender thereunder and, to the extent of the Assigned
      Interest, shall have the obligations of a Lender thereunder, (iv) it has
      received a copy of the Credit Agreement, 

    

    
      
        
          
            D-5

            Assignment and Assumption

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    together
      with copies of the most recent financial statements delivered pursuant to
Section
      6.1
      thereof, as applicable, and such other documents and information as it has
      deemed appropriate to make its own credit analysis and decision to enter into
      this Assignment and Assumption and to purchase the Assigned Interest on the
      basis of which it has made such analysis and decision independently and without
      reliance on the Administrative Agent or any other Lender, and (v) attached
      hereto is any withholding tax documentation required to be delivered by it
      pursuant to the terms of the Credit Agreement, duly completed and executed
      by
      the Assignee; and (b) agrees that (i) it will, independently and without
      reliance on the Administrative Agent, the Assignor or any other Lender, and
      based on such documents and information as it shall deem appropriate at the
      time, continue to make its own credit decisions in taking or not taking action
      under the Loan Documents, and (ii) it will perform in accordance with their
      terms all of the obligations which by the terms of the Loan Documents are
      required to be performed by it as a Lender.

    

    2. Payments.
      From and after the Effective Date, the Administrative Agent shall make all
      payments in respect of the Assigned interest (including payments of principal,
      interest, fees and other amounts) to the Assignee whether such amounts have
      accrued prior to or on or after the Effective Date. The Assignor and the
      Assignee shall make all appropriate adjustments in payments by the
      Administrative Agent for periods prior to the Effective Date or with respect
      to
      the making of this assignment directly between themselves.

    

    3. General
      Provisions.
      This Assignment and Assumption shall be binding upon, and inure to the benefit
      of, the parties hereto and their respective successors and assigns. This
      Assignment and Assumption may be executed in any number of counterparts, which
      together shall constitute one instrument. Delivery of an executed counterpart
      of
      a signature page of this Assignment and Assumption by telecopy shall be
      effective as delivery of a manually executed counterpart of this Assignment
      and
      Assumption. This Assignment and Assumption shall be governed by, and construed
      in accordance with, the Law of the State of New York.

    

    

    
      
        
          D-6

          Assignment and Assumption

        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

      

      
        
        

      

    

     

    

    EXHIBIT
      E

     

    FORM
      OF MONEY MARKET QUOTE REQUEST

     

    Date:
      ___________, _____

    
      	
              To:

            	
              Bank
                of America, N.A.., as Administrative
                Agent

            

    

     

    Ladies
      and Gentlemen:

    

    Reference
      is made to that certain 364 Day Credit Agreement, dated as of March 28,
      2007
      (as amended, restated, extended, supplemented or otherwise modified in writing
      from time to time, the “Agreement;”
      the terms defined therein being used herein as therein defined), among Toyota
      Motor Finance (Netherlands) B.V., a corporation organized under the laws of
      the
      Netherlands, Toyota Motor Credit Corporation, a California corporation, Toyota
      Financial Services (UK) plc, a corporation organized under the laws of England,
      Toyota Kreditbank GmbH, a corporation organized under the laws of Germany,
      Toyota Credit de Puerto Rico Corp., a corporation organized under the laws
      of
      Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws
      of Canada, Toyota Leasing GmbH, a corporation organized under the laws of
      Germany, the Lenders from time to time party thereto, Bank of America, N.A.,
      as
      Administrative Agent, Banc of America Securities LLC and Citigroup Global
      Markets Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp USA,
      Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
      JPMorgan Chase Bank, N.A., as Documentation Agents.

    

    The
      undersigned hereby requests Money Market Quotes for (select one):

    

    __
      Money Market Absolute Rate for

        
      Money Market Abolute Rate Loans

     

    __ Money
      Market Margin for

        
      Money Market LIBOR Loans

    

    1. On
      ___________________ 
      (a Business Day).

    

    2. In
      the amount of US$ ___________________.

    

    3. For
      an Interest Period of  _____________.

    

    The
      Money Market Loans for which Money Market Quotes are requested herein would
      comply with the proviso to the first sentence of Section
      2.3(a)
      of the Agreement.

    

    [TOYOTA
      MOTOR FINANCE (NETHERLANDS) B.V.]

    [TOYOTA
      MOTOR CREDIT CORPORATION]

    [TOYOTA
      FINANCIAL SERVICES (UK) PLC]

    [TOYOTA
      KREDITBANK GMBH]

    [TOYOTA
      CREDIT DE PUERTO RICO CORP.]

    [TOYOTA
      CREDIT CANADA INC.]

    [TOYOTA
      LEASING GMBH]

    

    
      
        
          
            E-1

            Form of Money Market Quote Request

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

     

    

     

    By:     

     

    Name:
       

     

    Title:  

     

    

     

    

    

    
      
        
          
            E-2

            Form
              of Money Market Quote Request

            

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

    EXHIBIT
      F

     

    FORM
      OF INVITATION FOR MONEY MARKET QUOTES

     

    Date:
      ___________, _____

    
      	
              To:

            	
              Lenders
                party to the Agreement (as defined
                below)

            

    

     

    Ladies
      and Gentlemen:

    

    Reference
      is made to that certain 364 Day Credit Agreement, dated as of March 28,
      2007
      (as amended, restated, extended, supplemented or otherwise modified in writing
      from time to time, the “Agreement;”
      the terms defined therein being used herein as therein defined), among Toyota
      Motor Finance (Netherlands) B.V., a corporation organized under the laws of
      the
      Netherlands, Toyota Motor Credit Corporation, a California corporation, Toyota
      Financial Services (UK) plc, a corporation organized under the laws of England,
      Toyota Kreditbank GmbH, a corporation organized under the laws of Germany,
      Toyota Credit de Puerto Rico Corp., a corporation organized under the laws
      of
      Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws
      of Canada, Toyota Leasing GmbH, a corporation organized under the laws of
      Germany, the Lenders from time to time party thereto, Bank of America, N.A.,
      as
      Administrative Agent, Banc of America Securities LLC and Citigroup Global
      Markets Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp USA,
      Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
      JPMorgan Chase Bank, N.A., as Documentation Agents.

    

    On
      behalf of [Toyota Motor Finance (Netherlands) B.V.] [Toyota Motor Credit
      Corporation] [Toyota Financial Services (UK) plc] [Toyota Kreditbank GmbH]
      [Toyota Credit de Puerto Rico Corp.] [Toyota Credit Canada Inc.] [Toyota Leasing
      GmbH], you are invited to submit Money Market Quotes for (select
      one):

    

    ___
      Money Market Absolute Rate for 

          
Money
      Market Absolute Rate
      Loans

     

    ___ Money
      Market Margin for

          
      Money Market LIBOR Loans

    

    1. On
      _______________________________________ (a Business Day).

    

    2. In
      the amount of US$ _____________________.

    

    3. For
      an Interest Period of  __________________.

    

     

    Please
      respond to this invitation by no later than [1 :00 p.m.] [9:00 a.m.] on
      [date].

     

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

     

    By:        

     

    Authorized
      Officer

     

    

     

    

     

    

    
      
        
          
             

            

          

          
            F-1

            Form of Invitation for Money Market Quotes

          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    
 

    
 

    
      
        
          F-2

          Form of Invitation for Money Market Quotes

        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      G

     

    FORM
      OF MONEY MARKET QUOTE

     

    Date:
      ___________, _____

    
      	
              To:

            	
              Bank
                of America, N.A., as Administrative
                Agent

            

    

     

    Ladies
      and Gentlemen:

    

    Reference
      is made to that certain 364 Day Credit Agreement, dated as of March 28,
      2007
      (as amended, restated, extended, supplemented or otherwise modified in writing
      from time to time, the “Agreement;”
      the terms defined therein being used herein as therein defined), among Toyota
      Motor Finance (Netherlands) B.V., a corporation organized under the laws of
      the
      Netherlands, Toyota Motor Credit Corporation, a California corporation, Toyota
      Financial Services (UK) plc, a corporation organized under the laws of England,
      Toyota Kreditbank GmbH, a corporation organized under the laws of Germany,
      Toyota Credit de Puerto Rico Corp., a corporation organized under the laws
      of
      Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws
      of Canada, Toyota Leasing GmbH, a corporation organized under the laws of
      Germany, the Lenders from time to time party thereto, Bank of America, N.A.,
      as
      Administrative Agent, Banc of America Securities LLC and Citigroup Global
      Markets Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp USA,
      Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
      JPMorgan Chase Bank, N.A., as Documentation Agents.

    

    In
      response to your invitation on behalf of [Toyota Motor Finance (Netherlands)
      B.V.] [Toyota Motor Credit Corporation] [Toyota Financial Services (UK) plc]
      [Toyota Kreditbank GmbH] [Toyota Credit de Puerto Rico Corp.] [Toyota Credit
      Canada Inc.] [Toyota Leasing GmbH] dated ______________, 20__, we hereby make
      the following Money Market Quote on the following terms:

     

    1. Quoting
      Lender:      ________________________

     

    2. Person
      to contact at Quoting Lender:  

     

    Name: ________________________      

    Tel:   
       ________________________

    Fax:  
       ________________________

    email:  ________________________

     

    3. Date
      of Borrowing:      _______________________8 

     

    
      	
              4.

            	
              We
                hereby offer to make Money Market Loan(s) in the following principal
                amounts, for the following Interest Periods and at the following
                rates:

            

    

     

    _______________________

    
      8
        As specified in the related Invitation.

    

    
      
        
          G-1

          Form of Money Market Quote

        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              Principal

               

              Amount9 

            	
              Interest

               

              Period10 

            	
              [Money
                Market

               

              Margin]11 

            	
              [Absolute
                Rate12 ]

               

            
	
              US$

               

            	 	 	 
	
              US$

               

            	 	 	 

    

    

     

    The
      Money Market Loans for which Money Market Quotes are submitted herein comply
      with the requirements of the Agreement.

    

    We
      understand and agree that the offer(s) set forth above, subject to the
      satisfaction of the applicable conditions set forth in the Agreement,
      irrevocably obligates us to make the Money Market Loan(s) for which any offer(s)
      are accepted, in whole or in part.

     

    Very
      truly yours,

     

    [NAME
      OF LENDER]

     

    Dated:      By:     

     

    Authorized
      Officer

     

    

     

    

      

      
         

      

      
        9
          Principal amount bid for each Interest Period may not exceed principal
          amount
          requested. Specify aggregate limitation if the sum of the individual offer
          exceeds the amount the Lender is willing to lend. Bids must be made for
          US$5,000,000 or larger multiple of US$1,000,000.

         

      

      
        10
          Not less than one month or not less than 14 days, as specified in the related
          Invitation. No more than five bids are permitted for each Interest
          Period

         

      

      
        11
          Margin over or under the Eurocurrency Rate determined for the applicable
          Interest Period. Specify percentage (to the nearest 1/100,000 of 1%) and
          specify
          whether “PLUS” or “MINUS.”

         

      

      
        12
          Specify rate of interest per annum (to the nearest 1/10,000th of
          1%).

         

      

    

    

    
      
        
          
             

            

          

          
            G-2

            Form of Money Market Quote

          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

    EXHIBIT
      H

     

    FORM
      OF OPINION OF COUNSEL FOR THE BORROWERS

     

    [To
      be supplied]

     

    

     

    

     

    

    
      
        
          
             

            

          

          
            H-1

            Form of Opinion of Counsel to the Borrower

          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

    EXHIBIT
      I-1

     

    

     

    FORM
      OF OPINION Of PIETRANTONI MÉNDEZ & ALVAREZ LLP

    

     

     

    To
      the Lenders and the Administrative Agent 

     

     

    Referred
      to Below 

     

     

    c/o
      Bank of America, N.A., as Administrative Agent 

     

     

    [Address]

     

     

    Re:
      Credit Agreement

     

    Ladies
      and Gentlemen:

     

    We
      have acted as special Commonwealth of Puerto Rico counsel for Bank of America,
      N.A., as Administrative Agent (the “Administrative Agent”), in connection with
      the 364 Day Credit Agreement, dated as of March 28,
      2007,
      among Toyota Motor Finance (Netherlands) B.V., a corporation organized under
      the
      laws of the Netherlands, Toyota Motor Credit Corporation, a California
      corporation, Toyota Financial Services (UK) plc, a corporation organized under
      the laws of England, Toyota Kreditbank GmbH, a corporation organized under
      the
      laws of Germany, Toyota Credit de Puerto Rico Corp., a corporation organized
      under the laws of Puerto Rico, Toyota Credit Canada Inc., a corporation
      organized under the laws of Canada, Toyota Leasing GmbH, a corporation organized
      under the laws of Germany, the Lenders from time to time party thereto, Bank
      of
      America, N.A., as Administrative Agent, Banc of America Securities LLC and
      Citigroup Global Markets Inc., as Joint Lead Arrangers and Joint Book Managers,
      Citicorp USA, Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi
      UFJ,
      Ltd. and JPMorgan Chase Bank, N.A., as Documentation Agents. Terms defined
      in
      the Credit Agreement are used herein as therein defined. This opinion is being
      rendered to you pursuant to Section 4.1(a)(vi) of the Credit
      Agreement.

     

    We
      have participated in the negotiation of the Credit Agreement and have examined
      originals or copies, certified or otherwise identified to our satisfaction,
      of
      such documents, corporate records, certificates of public officials and other
      instruments and have conducted such other investigations of fact and Law as
      we
      have deemed necessary or advisable for purposes of this opinion.

     

    Upon
      the basis of the foregoing and in reliance thereon, we are of the opinion,
      subject to the assumptions and limitations set forth herein, that:

     

    1. The
      Borrower is a corporation duly incorporated, validly existing and in good
      standing under the Laws of Puerto Rico, and has all corporate powers and all
      material governmental licenses, authorizations, consents and approvals required
      to carry on its business as now conducted.

     

    

    
      
        
          
            I-1

            Form of Opinion of Pietrantoni Mendez & Alvarez LLP

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

     

    2. The
      execution, delivery and performance by the Borrower of the Credit Agreement
      and
      the Notes are within the Borrower’s corporate powers, have been duly authorized
      by all necessary corporate action, require no action by or in respect of, or
      filing with, any Governmental Authority and do not contravene, or constitute
      a
      default under, any provision of applicable Law or of the articles of
      incorporation or bylaws of the Borrower. 

     

    3. The
      Credit Agreement and the Notes are governed, by their terms, by New York Law.
      We
      express no opinion on the enforceability of the Loan Documents under New York
      Law. If the Law of Puerto Rico were to apply, the Credit Agreement would
      constitute a valid and binding agreement of the Borrower and each Note would
      constitute a valid and binding obligation of the Borrower, in each case
      enforceable in accordance with its terms. 

     

    The
      opinion set forth in paragraph 3 is subject to: (i) the effect of applicable
      bankruptcy, reorganization, insolvency, moratorium, fraudulent conveyance or
      other similar Laws of general application relating to or affecting the
      enforcement of creditors’ rights generally, (ii) limitations on the remedy of
      specific performance and injunctive and other forms of equitable relief due
      to
      the possible existence of equitable defenses or due to the discretion of the
      court before which any proceeding therefor may be brought, (iii) the
      unenforceability under certain circumstances of provisions to the effect that
      failure to exercise, or delay in exercising, rights or remedies will not operate
      as a waiver of any such right or remedy, (iv) limitations based upon statutes
      or
      upon public policy limiting a Person’s right to waive the benefits of statutory
      provisions or of a common law right, (v) limitations on the right of a creditor
      to exercise remedies or impose penalties for late payments or other defaults
      by
      a borrower, if it is determined that (a) either the defaults are not material,
      such penalties bear no reasonable relation to the damage suffered by the
      creditor as a result of such delinquencies or defaults, or it cannot be
      demonstrated that the enforcement of such restrictions or burdens is reasonably

      necessary for the protection of the creditor, or (b) the creditor’s enforcement
      of such covenants or provisions under the circumstances would violate the
      creditor’s implied covenant of good faith and fair dealing, (vi) the
      unenforceability under certain circumstances, under the Law of Puerto Rico
      or
      federal Law or court decisions, of provisions releasing a party from, or
      indemnifying a party against, liability for its own wrongful or negligent acts
      or where such release or indemnification is contrary to public policy, (vii)
      the
      effect of the Law of Puerto Rico, which provides that a court may refuse to
      enforce, or may limit the application of, a contract or any clause of a contract
      which the court finds to have been unconscionable at the time it was made,
      or an
      unfair portion of an adhesion contract, (viii) compliance with, and limitations
      imposed by, procedural requirements of the Law of Puerto Rico; and (ix)
      limitations under the Law of Puerto Rico as to the right to retain or collect
      unearned interest. The foregoing limitations, however, do not render the Credit
      Agreement and the Notes invalid as a whole, and there exists, in the Credit
      Agreement and the Notes or pursuant to applicable Law, legally adequate remedies
      for the realization of the principal benefits intended to be provided by the
      Credit Agreement and the Notes.

     

    

    
      
        
          
            I-2

            Form of Opinion of Pietrantoni Mendez & Alvarez LLP

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

     

    We
      are members of the Bar of the Commonwealth of Puerto Rico and the foregoing
      opinion is limited to the Laws of Puerto Rico and the federal Laws of the United
      States of America. In giving the foregoing opinion, (i) we express no opinion
      as
      to the effect (if any) of any Law of any jurisdiction (except Puerto Rico)
      in
      which any Lender is located which limits the rate of interest that such Lender
      may charge or collect; and (ii) we have assumed, without independent
      investigation, that the execution, delivery and performance by the Lenders
      of
      the Credit Agreement and the Notes are within the Lenders’ powers and have been
      duly authorized by all necessary action..

     

    This
      opinion is furnished to you in connection with the Credit Agreement, is solely
      for your benefit and may not be relied upon by, nor may copies be delivered
      to,
      any other person, other than an Eligible Assignee or Participant pursuant to
      Section
      9.7
      of the Credit Agreement, without our prior written consent. Notwithstanding
      the
      foregoing grant of permission to Eligible Assignees to rely on this opinion,
      we
      express no opinion with respect to the effect of any such Eligible Assignee
      failing to comply with any legal requirement in order for it to enforce the
      Credit Agreement. 

     

    Respectfully
      submitted,

     

     

     

    

     

    

    
      
        
           
            I-3

            Form of Opinion of Pietrantoni Mendez & Alvarez LLP

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

    

     

    EXHIBITS
      I-2, I-3, I-4, I-5

     

    [To
      be supplied]

     

    

     

    

     

    

    
      
        
          
          

           
            
            I-1

            Form
              of Opinion of Pietrantoni Mendez & Alvarez
              LLP

          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

    

    EXHIBIT
      J

     

    FORM
      OF OPINION OF SHEARMAN & STERLING LLP

     

     

    __________,
      2006

     

    To
      the initial Lenders party to the Credit

    Agreement
      referred to below and to

    Bank
      of America, N.A., as Administrative Agent 

    

     

    Toyota
      Motor Finance (Netherlands) B.V.

    Toyota
      Motor Credit Corporation 

    Toyota
      Financial Services (UK) plc

    Toyota
      Kreditbank GmbH

    Toyota
      Credit De Puerto Rico Corp.

    Toyota
      Credit Canada Inc.

    Toyota
      Leasing GmbH

    

    Ladies
      and Gentlemen:

     

    We
      have acted as counsel to Bank of America, N.A., as Administrative Agent (the
      “Agent”),
      in connection with the 364-Day Credit Agreement, dated as of March 28,
      2007
      (the “Credit
      Agreement”),
      among Toyota Motor Finance (Netherlands) B.V., a corporation organized under
      the
      laws of the Netherlands (“TMFNL”), Toyota Motor Credit Corporation, a California
      corporation (“TMMC”), Toyota Financial Services (UK) plc, a corporation
      organized under the laws of England (“TFSUK”), Toyota Kreditbank GmbH, a
      corporation organized under the laws of Germany (“TKG”), Toyota Credit de Puerto
      Rico Corp., a corporation organized under the laws of Puerto Rico (“TCPR”),
      Toyota Credit Canada Inc., a corporation organized under the laws of Canada
      (“TCCI”), Toyota Leasing GmbH, a corporation organized under the laws of Germany
      (“TLG” and, together with TMFNL, TMCC, TFSUK, TKG, TCPR and TCCI, the
“Borrowers”
      ), and each of you. Unless otherwise defined herein, terms defined in the Credit
      Agreement are used herein as therein defined.

     

    In
      that connection, we have reviewed originals or copies of the following
      documents:

     

    
      	(a)  	
              The
                Credit Agreement.

            

    

    

    
      	(b)  	
              The
                Notes executed by the Borrowers and delivered on the date
                hereof.

            

    

    

    The
      documents described in the foregoing clauses (a) and (b) are collectively
      referred to herein as the “Opinion
      Documents”.

     

    

    
      
        
          
            J-1

            Opinion of Shearman & Sterling LLP

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

     

    We
      have also reviewed originals or copies of such other agreements and documents
      as
      we have deemed necessary as a basis for the opinion expressed
      below.

     

    In
      our review of the Opinion Documents and other documents, we have
      assumed:

     

    
      	(A)  	
              The
                genuineness of all signatures. 

            

    

     

    
      	(B)  	
              The
                authenticity of the originals of the documents submitted to
                us.

            

    

     

    
      	(C)  	
              The
                conformity to authentic originals of any documents submitted to us
                as
                copies.

            

    

     

    
      	(D)  	
              As
                to matters of fact, the truthfulness of the representations made
                in the
                Credit Agreement.

            

    

     

    
      	(E)  	
              That
                the Credit Agreement is the legal, valid and binding obligation of
                each
                party thereto, other than the Borrowers, enforceable against each
                such
                party in accordance with its terms.

            

    

     

    
      	(F)  	
              That:
                

            

    

     

    (1) Each
      Borrower is an entity duly organized and validly existing under the laws of
      the
      jurisdiction of its organization.

     

    (2) Each
      Borrower has full power to execute, deliver and perform, and has duly executed
      and delivered, the Opinion Documents to which it is a party.

     

    (3) The
      execution, delivery and performance by each Borrower of the Opinion Documents
      to
      which it is a party have been duly authorized by all necessary action (corporate
      or otherwise) and do not: 

     

    (a) contravene
      its certificate or articles of incorporation, by-laws or other organizational
      documents; 

     

    (b) except
      with respect to Generally Applicable Law, violate any law, rule or regulation
      applicable to it; or 

     

    (c) result
      in any conflict with or breach of any agreement or document binding on it of
      which any addressee hereof has knowledge, has received notice or has reason
      to
      know.

     

    (4) Except
      with respect to Generally Applicable Law, no authorization, approval or other
      action by, and no notice to or filing with, 

     

    

    
      
        
          
            J-2

            Opinion of Shearman & Sterling LLP

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    any
      governmental authority or regulatory body or (to the extent the same is required
      under any agreement or document binding on it of which an addressee hereof
      has
      knowledge, has received notice or has reason to know) any other third party
      is
      required for the due execution, delivery or performance by each Borrower of
      any
      Opinion Document or, if any such authorization, approval, action, notice or
      filing is required, it has been duly obtained, taken, given or made and is
      in
      full force and effect.

     

    We
      have not independently established the validity of the foregoing assumptions.
      

     

    “Generally
      Applicable Law”
      means the federal law of the United States of America, and the law of the State
      of New York (including the rules or regulations promulgated thereunder or
      pursuant thereto), that a New York lawyer exercising customary professional
      diligence would reasonably be expected to recognize as being applicable to
      either Borrower, the Opinion Documents or the transactions governed by the
      Opinion Documents. Without limiting the generality of the foregoing definition
      of Generally Applicable Law, the term “Generally Applicable Law” does not
      include any law, rule or regulation that is applicable to either Borrower,
      the
      Opinion Documents or such transactions solely because such law, rule or
      regulation is part of a regulatory regime applicable to any party to any of
      the
      Opinion Documents or any of its affiliates due to the specific assets or
      business of such party or such affiliate.

     

    Based
      upon the foregoing and upon such other investigation as we have deemed necessary
      and subject to the qualifications set forth below, we are of the opinion that
      each Opinion Document is the legal, valid and binding obligation of each
      Borrower that is a party thereto, enforceable against such Borrower in
      accordance with its terms.

     

    Our
      opinion expressed above is subject to the following qualifications:

     

    (a) Our
      opinion is subject to (i) the effect of any applicable bankruptcy, insolvency,
      reorganization, moratorium or similar laws affecting creditors’ rights generally
      (including without limitation all laws relating to fraudulent transfers) and
      (ii) possible judicial action giving effect to governmental actions or foreign
      laws affecting creditors’ rights.

    

    (b) Our
      opinion is subject to the effect of general principles of equity, including
      without limitation concepts of materiality, reasonableness, good faith and
      fair
      dealing (regardless of whether considered in a proceeding in equity or at
      law).

    

    (c) We
      express no opinion with respect to the enforceability of indemnification
      provisions, or of release or exculpation provisions, contained in the Opinion
      Documents to the extent that enforcement thereof is contrary to public policy
      regarding the indemnification against or release or exculpation of criminal
      violations, intentional harm or violations of securities laws.

    

    
      
        
          
            J-3

            Opinion of Shearman & Sterling LLP

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    

    (d) We
      express no opinion with respect to the enforceability of any indemnity against
      loss in converting into a specified currency the proceeds or amount of a court
      judgment in another currency.

    

    (e) Our
      opinion is limited to Generally Applicable Law.

     

    A
      copy of this opinion letter may be delivered by any of you to any person that
      becomes a Lender in accordance with the provisions of the Credit Agreement.
      Any
      such person may rely on the opinion expressed above as if this opinion letter
      were addressed and delivered to such person on the date hereof.

     

    This
      opinion letter is rendered to you in connection with the transactions
      contemplated by the Opinion Documents. This opinion letter may not be relied
      upon by you or any person entitled to rely on this opinion pursuant to the
      preceding paragraph for any other purpose without our prior written
      consent.

     

    This
      opinion letter speaks only as of the date hereof. We expressly disclaim any
      responsibility to advise you of any development or circumstance of any kind,
      including any change of law or fact, that may occur after the date of this
      opinion letter that might affect the opinion expressed herein.

     

    Very
      truly yours,

    

    

    

    

    SLH

     

    
      
        
          J-4

          Opinion of Shearman & Sterling LLPFive Year Credit Agreement

    EXECUTION
      VERSION

     

    [Published
      CUSIP Number:________]

     

    

     

    FIVE
      YEAR CREDIT AGREEMENT

     

    Dated
      as of March 28, 2007

    

    among

    

    TOYOTA
      MOTOR FINANCE (NETHERLANDS) B.V.

    TOYOTA
      MOTOR CREDIT CORPORATION

    TOYOTA
      FINANCIAL SERVICES (UK) PLC

    TOYOTA
      KREDITBANK GMBH

    TOYOTA
      CREDIT DE PUERTO RICO CORP.

    TOYOTA
      CREDIT CANADA INC.

    and

    TOYOTA
      LEASING GMBH,

    as
      the Borrowers,

    

    BANK
      OF AMERICA, N.A.,

    as
      Administrative Agent, Swing Line Agent and Swing Line Lender

    

    and

    

    The
      Other Lenders Party Hereto

    ____________________________________________

    

    BANC
      OF AMERICA SECURITIES LLC

    and

    CITIGROUP
      GLOBAL MARKETS INC.,

    as
      Joint Lead Arrangers and Joint Book Managers

    _____________________________________________

    

    CITICORP
      USA, INC.,

    as
      Syndication Agent and Swing Line Lender

    ______________________________________________

    

    THE
      BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

    BNP
      PARIBAS

    and

    JPMORGAN
      CHASE BANK, N.A.,

    as
      Documentation Agents

    

    

     

    

    
      
        
          NYDOCS03/828371

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    TABLE
      OF CONTENTS

    

    
      	 	
              Page

            
	
              ARTICLE
                I DEFINITIONS

            	
              1

            
	
              Section
                1.1 Definitions

            	
              1

            
	
              Section
                1.2 Other Interpretive Provisions

            	
              25

            
	
              Section
                1.3 Accounting Terms

            	
              25

            
	
              Section
                1.4 References to Agreements and Laws

            	
              25

            
	
              Section
                1.5 Exchange Rates; Currency Equivalents

            	
              26

            
	
              Section
                1.6 Additional Alternative Currencies

            	
              26

            
	
              Section
                1.7 Change of Currency

            	
              27

            
	
              Section
                1.8 Times of Day

            	
              27

            
	
              ARTICLE
                II THE CREDITS

            	
              27

            
	
              Section
                2.1 Committed Loans

            	
              27

            
	
              Section
                2.2 Borrowings, Conversions and Continuations of Committed
                Loans

            	
              29

            
	
              Section
                2.3 Money Market Loans

            	
              31

            
	
              Section
                2.4 Prepayments

            	
              34

            
	
              Section
                2.5 Termination or Reduction of Commitments

            	
              36

            
	
              Section
                2.6 Repayment of Loans

            	
              36

            
	
              Section
                2.7 Interest

            	
              37

            
	
              Section
                2.8 Fees

            	
              37

            
	
              Section
                2.9 Computation of Interest and Fees

            	
              38

            
	
              Section
                2.10 Evidence of Debt

            	
              39

            
	
              Section
                2.11 Payments Generally

            	
              39

            
	
              Section
                2.12 Sharing of Payments

            	
              42

            
	
              Section
                2.13 Extension of Maturity Date

            	
              42

            
	
              Section
                2.14 Increase in Commitments

            	
              43

            
	
              Section
                2.15 Drawings of Bankers’ Acceptances, Drafts and BA Equivalent
                Notes

            	
              45

            
	
              Section
                2.16 Swing Line Loans

            	
              48

            
	
              ARTICLE
                III TAXES, YIELD PROTECTION AND ILLEGALITY

            	
              51

            
	
              Section
                3.1 Taxes

            	
              51

            
	
              Section
                3.2 Illegality

            	
              53

            
	
              Section
                3.3 Inability to Determine Rates

            	
              54

            
	
              Section
                3.4 Increased Cost and Reduced Return; Capital Adequacy; Reserves
                on
                Eurocurrency Rate Loans

            	
              54

            
	
              Section
                3.5 Funding Losses

            	
              55

            
	
              Section
                3.6 Matters Applicable to all Requests for Compensation

            	
              56

            
	
              ARTICLE
                IV CONDITIONS

            	
              57

            
	
              Section
                4.1 Effectiveness

            	
              57

            
	
              Section
                4.2 Conditions to all Loans

            	
              59

            

    

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              ARTICLE
                V REPRESENTATIONS AND WARRANTIES

            	
              59

            
	
              Section
                5.1 Corporate Existence and Power

            	
              59

            
	
              Section
                5.2 Corporate and Governmental Authorization: No
                Contravention

            	
              60

            
	
              Section
                5.3 Binding Effect

            	
              60

            
	
              Section
                5.4 Financial Information

            	
              60

            
	
              Section
                5.5 Litigation

            	
              60

            
	
              Section
                5.6 Compliance with ERISA

            	
              61

            
	
              Section
                5.7 Taxes

            	
              61

            
	
              Section
                5.8 Subsidiaries

            	
              61

            
	
              Section
                5.9 Not an Investment Company

            	
              61

            
	
              Section
                5.10 Disclosure

            	
              61

            
	
              Section
                5.11 Representations as to Non-US Obligors

            	
              61

            
	
              ARTICLE
                VI COVENANTS

            	
              63

            
	
              Section
                6.1 Information

            	
              63

            
	
              Section
                6.2 Maintenance of Property; Insurance

            	
              65

            
	
              Section
                6.3 Conduct of Business and Maintenance of Existence

            	
              65

            
	
              Section
                6.4 Compliance with Laws

            	
              65

            
	
              Section
                6.5 Negative Pledge

            	
              65

            
	
              Section
                6.6 Consolidations

            	
              67

            
	
              Section
                6.7 Use of Proceeds

            	
              68

            
	
              ARTICLE
                VII DEFAULTS

            	
              68

            
	
              Section
                7.1 Events of Default

            	
              68

            
	
              Section
                7.2 Application of Funds

            	
              70

            
	
              ARTICLE
                VIII THE ADMINISTRATIVE AGENT

            	
              70

            
	
              Section
                8.1 Appointment and Authorization of Administrative Agent

            	
              70

            
	
              Section
                8.2 Delegation of Duties

            	
              71

            
	
              Section
                8.3 Liability of Administrative Agent

            	
              71

            
	
              Section
                8.4 Reliance by Administrative Agent

            	
              71

            
	
              Section
                8.5 Notice of Default

            	
              72

            
	
              Section
                8.6 Credit Decision; Disclosure of Information by Administrative
                Agent

            	
              72

            
	
              Section
                8.7 Indemnification of Administrative Agent

            	
              72

            
	
              Section
                8.8 Administrative Agent in its Individual Capacity

            	
              73

            
	
              Section
                8.9 Successor Administrative Agent and Sub-Agents

            	
              73

            
	
              Section
                8.10 Administrative Agent May File Proofs of Claim

            	
              74

            
	
              Section
                8.11 Other Agents, Arrangers and Managers

            	
              75

            
	
              Section
                8.12 Sub-Agent

            	
              75

            
	
              ARTICLE
                IX MISCELLANEOUS

            	
              76

            
	
              Section
                9.1 Amendments, Etc

            	
              76

            
	
              Section
                9.2 Notices and Other Communications; Facsimile Copies

            	
              77

            
	
              Section
                9.3 No Waiver; Cumulative Remedies

            	
              78

            
	
              Section
                9.4 Attorney Costs, Expenses and Taxes

            	
              78

            

    

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Section
                9.5 Indemnification by the Borrowers

            	
              79

            
	
              Section
                9.6 Payments Set Aside

            	
              80

            
	
              Section
                9.7 Successors and Assigns

            	
              80

            
	
              Section
                9.8 Confidentiality

            	
              83

            
	
              Section
                9.9 Set-off

            	
              84

            
	
              Section
                9.10 Interest Rate Limitation

            	
              84

            
	
              Section
                9.11 Counterparts

            	
              84

            
	
              Section
                9.12 Integration

            	
              84

            
	
              Section
                9.13 Survival of Representations and Warranties

            	
              84

            
	
              Section
                9.14 Severability

            	
              85

            
	
              Section
                9.15 Tax Forms

            	
              85

            
	
              Section
                9.16 Replacement of Lenders

            	
              87

            
	
              Section
                9.17 Governing Law

            	
              88

            
	
              Section
                9.18 No Advisory or Fiduciary Responsibility

            	
              89

            
	
              Section
                9.19 Patriot Act Notice

            	
              89

            
	
              Section
                9.20 Judgment

            	
              90

            
	
              Section
                9.21 Waiver of Right to Trial by Jury

            	
              90

            

    

    

     

    Schedules

    

    Schedule
      1.1  Mandatory
      Cost

    Schedule
      2.1  Commitments
      and Pro Rata Shares

    Schedule
      4.1(d) List
      of Agreements to be Terminated

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Schedule
      9.2  Administrative
      Agent’s Office, Certain Addresses for Notices

    

    

    Exhibits

    

    Exhibit
      A-1  Form
      of Committed Loan Notice

    Exhibit
      A-2  Form
      of Swing Line Loan Notice

    Exhibit
      B  Form
      of Note

    Exhibit
      C  Form
      of Compliance Certificate

    Exhibit
      D  Assignment
      and Assumption

    Exhibit
      E  Form
      of Money Market Quote Request

    Exhibit
      F  Form
      of Invitation for Money Market Quotes

    Exhibit
      G  Form
      of Money Market Quote

    Exhibit
      H  Form
      of Opinion of Counsel for the Borrowers

    Exhibit
      I-1  Form
      of Opinion of Peitrantoni Mendez & Alvarez LLP

    Exhibit
      I-2  Form
      of Opinion of Stikeman Elliot

    Exhibit
      I-3  Form
      of Opinion of Freshfields Bruckhaus Deringer as Netherlands  Counsel
      to TMFNL

    Exhibit
      I-4  Form
      of Opinion of Freshfields Bruckhaus Deringer as English Counsel to TFSUK

    Exhibit
      I-5  Form
      of Opinion of Freshfields Bruckhaus Deringer as German Counsel to TKG
      and TLG

    Exhibit
      J  Form
      of Opinion of Shearman & Sterling LLP

    

    

    

    

    
      
        
          NYDOCS03/828371

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    FIVE
      YEAR CREDIT AGREEMENT 

     

    THIS
      FIVE YEAR CREDIT AGREEMENT (this “Agreement”) dated as of March 28, 2007, is
      made among TOYOTA MOTOR FINANCE (NETHERLANDS) B.V., a corporation organized
      under the laws of the Netherlands (“TMFNL”),
      TOYOTA MOTOR CREDIT CORPORATION, a California corporation (“TMCC”),
      TOYOTA FINANCIAL SERVICES (UK) PLC, a corporation organized under the laws
      of
      England (“TFSUK”),
      TOYOTA KREDITBANK GMBH, a corporation organized under the laws of Germany
      (“TKG”),
      TOYOTA CREDIT DE PUERTO RICO CORP., a corporation organized under the laws
      of
      the Commonwealth of Puerto Rico (“TCPR”),
      TOYOTA CREDIT CANADA INC., a corporation incorporated under the laws of Canada
      (“TCCI”),
      TOYOTA LEASING GMBH, a corporation organized under the laws of Germany
      (“TLG”
      and, together with TMFNL, TMCC, TFSUK, TKG, TCPR and TCCI the “Borrowers”),
      each lender from time to time party hereto (collectively, the “Lenders”
      and, individually, a “Lender”),
      BANK OF AMERICA, N.A.., as Administrative Agent, Swing Line Agent and Swing
      Line
      Lender, BANC OF AMERICA SECURITIES LLC and CITIGROUP GLOBAL MARKETS INC, as
      Joint Lead Arrangers and Joint Book Managers, CITICORP USA, INC., as Syndication
      Agent and Swing Line Lender, and THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., BNP
      PARIBAS and JPMORGAN CHASE BANK, N.A., as Documentation Agents.

     

    WHEREAS,
      the Borrowers have requested that the Lenders provide a revolving credit
      facility that may be converted to a term facility, and the Lenders are willing
      to do so on the terms and conditions set forth herein.

     

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

     

     

    ARTICLE
      I

     

    DEFINITIONS

     

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

     

    “Absolute
      Rate Auction”
      means a solicitation of Money Market Quotes setting forth Money Market Absolute
      Rates pursuant to Section
      2.3.

     

    “Administrative
      Agent”
      means Bank of America in its capacity as Administrative Agent for the Lenders
      hereunder, and its successors in such capacity.

     

    “Administrative
      Agent's
      Office”
      means, with respect to any currency, the Administrative Agent's
      address and, as appropriate, account as set forth on Schedule
      9.2
      with respect to such currency, or such other address or account with respect
      to
      such currency as the Administrative Agent may from time to time notify to the
      Borrowers and the Lenders.

     

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    “Administrative
      Questionnaire”
      means, with respect to each Lender, an administrative questionnaire in the
      form
      prepared by the Administrative Agent and submitted to the Administrative Agent
      (with a copy to the Borrowers) duly completed by such Lender.

     

    “Affiliate”
      means, with respect to any Person, another Person that directly, or indirectly
      through one or more intermediaries, Controls or is Controlled by or is under
      common Control with the Person specified. “Control”
      means the possession, directly or indirectly, of the power to direct or cause
      the direction of the management or policies of a Person, whether through the
      ability to exercise voting power, by contract or otherwise. “Controlling”
      and “Controlled”
      have meanings correlative thereto. 

     

    “Agent-Related
      Persons”
      means the Administrative Agent, together with its Affiliates (including, in
      the
      case of Bank of America in its capacity as the Administrative Agent, Banc of
      America LLC. as an Arranger, Bank of America, acting through its Canada Branch
      in its capacity as Canadian Sub-Agent and Bank of America’s London Branch in its
      capacity as Swing Line Agent), and the officers, directors, employees, agents
      and attorneys-in-fact of such Persons and Affiliates.

     

    “Aggregate
      Commitments”
      means (i) the Commitments of all the Lenders, (ii) when used in relation to
      the
      Tranche A Borrowers, the Aggregate Tranche A Commitments, (iii) when used in
      relation to TCPR, the Aggregate Tranche B Commitments, (iv) when used in
      relation to TCCI, the Aggregate Tranche C Commitments and (v) when used in
      relation to TLG, the Aggregate Tranche D Commitments.

     

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

     

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

     

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

     

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

     

    “Agreement”
      means this Credit Agreement.

     

    “Alternative
      Currency”
      means each of Euro, Sterling, Canadian Dollars and each other currency (other
      than US Dollars) that is approved in accordance with Section 1.6.

     

    “Alternative
      Currency Equivalent”
      means, at any time, with respect to any amount denominated in US Dollars, the
      equivalent amount thereof in the applicable Alternative Currency as determined
      by the Administrative Agent at such time on the basis of the Spot Rate
      (determined in respect of the most recent Revaluation Date) for the purchase
      of
      such Alternative Currency with US Dollars.

     

    
      
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    “Applicable
      Rate”
      means, from time to time, the following percentages per annum, based upon the
      Debt Rating as set forth below:

     

    
      	
              Applicable
                Rate

               

            
	
              Pricing
                Level

               

            	
              Debt
                Ratings

               

              S&P/Moody's

               

            	
              Facility
                Fee

               

            	
              Eurocurrency
                Rate/ Bankers’ Acceptances/ Drafts/ BA Equivalent Notes/ Swing Line
                Rate

               

            	
              Base
                Rate/ Canadian Prime Rate

               

            
	
              1

            	
              ≥AA-
                or Aa3

            	
              0.040%

            	
              0.11%

            	
              0.00%

               

            
	
              2

            	
              Lower
                than Level 1 but at least A or A2

            	
              0.070%

            	
              0.18%

            	
              0.00%

               

            
	
              3

            	
              Lower
                than Level 2 or unrated

            	
              0.090%

            	
              0.21%

            	
              0.00%

               

            

    

    

     

    “Debt
      Rating”
      means, as of any date of determination, the rating as determined by either
      Rating Agency (collectively, the “Debt Ratings”) of TMCC's Consolidated long
      term unsecured debt; provided that if a Debt Rating is issued by each of the
      Rating Agencies, then the higher of such Debt Ratings shall apply (with the
      Debt
      Rating for Pricing Level 1 being the highest and the Debt Rating for Pricing
      Level 3 being the lowest), unless there is a split in Debt Ratings of more
      than
      one level, in which case the Pricing Level that is one level higher than the
      Pricing Level of the lower Debt Rating shall apply.

     

    Initially,
      the Applicable Rate shall be determined based upon the Debt Ratings on the
      Closing Date. Thereafter, each change in the Applicable Rate resulting from
      a
      publicly announced change in the Debt Rating shall be effective, in the case
      of
      an upgrade, during the period commencing on the date of delivery by TMCC to
      the
      Administrative Agent of notice thereof pursuant to Section
      6.1(g)
      and ending on the date immediately preceding the effective date of the next
      change and, in the case of a downgrade, during the period commencing on the
      date
      of the public announcement thereof and ending on the date immediately preceding
      the effective date of the next such change.

     

    “Applicable
      Time”
      means, with respect to any borrowings and payments in any Alternative Currency,
      the local time in the place of settlement for such Alternative Currency as
      may
      be determined by the Administrative Agent to be necessary for timely settlement
      on the relevant date in accordance with normal banking procedures in the place
      of payment.

     

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    “Applicable
      Tranche Lenders”
      means (i) with respect to the Tranche A Borrowers, the Tranche A Lenders, (ii)
      with respect to TCPR, the Tranche B Lenders, (iii) with respect to TCCI, the
      Tranche C Lenders and (iv) with respect to TLG, the Tranche D
      Lenders.

     

    “Arranger”
      means either of Banc of America Securities LLC or Citigroup Global Markets
      Inc.,
      in its capacity as a joint lead arranger and a joint book manager.

     

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

     

    “Attorney
      Costs”
      means and includes all reasonable fees, expenses and disbursements of any law
      firm or other external counsel and, without duplication, the reasonable
      allocated cost of internal legal services and all expenses and disbursements
      of
      internal counsel.

     

    “Audited
      Financial Statements”
      means (i) for TMFNL, the audited balance sheet of TMFNL for the fiscal year
      ended March 31, 2006 (or such later date for which audited financial statements
      are delivered pursuant to this Agreement) and the related statement of income
      or
      operations, shareholders' equity and cash flows for such fiscal year, including
      the notes thereto, (ii) for TMCC, the audited consolidated balance sheet of
      TMCC
      and its Subsidiaries for the fiscal year ended March 31, 2006 (or such later
      date for which audited financial statements are delivered pursuant to this
      Agreement) and the related consolidated statement of income or operations,
      shareholders' equity and cash flows for such fiscal year of TMCC and its
      Subsidiaries, including the notes thereto, (iii) for TFSUK, the audited
      consolidated and company balance sheets of TFSUK for the fiscal year ended
      March
      31, 2006 (or such later date for which audited financial statements are
      delivered pursuant to this Agreement), the consolidated profit and loss account
      and statement of total recognized gains and losses for such financial year
      of
      TFSUK and its Subsidiaries, including the notes thereto, (iv) for TKG, the
      audited consolidated balance sheet of TKG for the fiscal year ended March 31,
      2006 (or such later date for which audited financial statements are delivered
      pursuant to this Agreement) and the related consolidated statement of income
      or
      operations and shareholders' equity for such fiscal year, including the notes
      thereto, (v) for TCPR, the audited balance sheet of TCPR for the fiscal year
      ended March 31, 2006 (or such later date for which audited financial statements
      are delivered pursuant to this Agreement) and the related statement of income
      or
      operations, shareholders' equity and cash flows for such fiscal year, including
      the notes thereto, (vi) for TCCI, the audited balance sheet of TCCI for the
      fiscal year ended March 31, 2006 (or such later date for which audited financial
      statements are delivered pursuant to this Agreement) and the related statement
      of income or operations, shareholders’ equity and cash flows for such fiscal
      year, including the notes thereto and (vii) for TLG, the audited balance sheet
      of TLG for the fiscal year ended March 31, 2006 (or such later date for which
      audited financial statements are delivered pursuant to this Agreement) and
      the
      related statement of income or operations, and shareholders’ equity for such
      fiscal year, including the notes thereto .

     

    “BA
      Equivalent Note”
      has the meaning specified in Section 2.15(i).

     

    
      
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    “BA
      Maturity Date”
      means, for each Bankers’ Acceptance, Draft or BA Equivalent Note comprising part
      of the same Drawing, the date on which the Face Amount for such Bankers’
Acceptance, Draft or BA Equivalent Note, as the case may be, becomes due and
      payable in accordance with the provisions set forth below, which shall be a
      Canadian Business Day occurring 30, 60, 90 or 180 days (or subject to
      availability, such greater period not to exceed 364 days) after the date on
      which such Bankers’ Acceptance, Draft or BA Equivalent Note is created and
      purchased as part of any Drawing, as TCCI may select upon notice received by
      the
      Administrative Agent not later than 11:00 A.M. (Toronto time) on a Canadian
      Business Day at least two Canadian Business Days prior to the date on which
      such
      Bankers’ Acceptance or Draft is to be purchased or BA Equivalent Note is to be
      made (whether as a new Drawing or by renewal); provided,
      however, that:

     

    (a) TCCI
      may not select any BA Maturity Date for any Bankers’ Acceptance, Draft or BA
      Equivalent Note that occurs after the then scheduled Revolving Maturity
      Date;

     

    (b) the
      BA Maturity Date for all Bankers’ Acceptances, Drafts and BA Equivalent Notes
      comprising part of the same Drawing shall occur on the same date;
      and

     

    (c) whenever
      the BA Maturity Date for any Bankers’ Acceptance, Draft or BA Equivalent Note
      would otherwise occur on a day other than a Canadian Business Day, such BA
      Maturity Date shall be extended to occur on the next succeeding Canadian
      Business Day.

     

    Notwithstanding
      the foregoing, TCCI may select a BA Maturity Date which would end after the
      Revolving Maturity Date applicable to TCCI only if it has previously delivered,
      or delivers concurrently with the applicable Committed Loan Notice, an election
      to extend the Revolving Maturity Date pursuant to Section 2.13(c)

     

    “Bankers’
      Acceptance”
      has the meaning specified in Section 2.1(c).

     

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

     

    “Base
      Rate”
      means, (a) in respect of Tranche A, Tranche B or Tranche D, for any day a
      fluctuating rate per annum equal to the higher of (i) the Federal Funds Rate
      plus 1/2 of 1% and (ii) the rate of interest in effect for such day as publicly
      announced from time to time by Bank of America as its “prime rate.” The “prime
      rate” is a rate set by Bank of America based upon various factors including Bank
      of America’s costs and desired return, general economic conditions and other
      factors, and is used as a reference point for pricing some loans, which may
      be
      priced at, above, or below such announced rate and (b) in respect of Tranche
      C,
      for any day, the fluctuating rate per annum determined in accordance with clause
      (a) plus 0.5%. Any change in such rate announced by Bank of America shall take
      effect at the opening of business on the day specified in the public
      announcement of such change.

     

    “Base
      Rate Committed Loan”
      means a Committed Loan that is a Base Rate Loan.

     

    
      
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    “Base
      Rate
      Loan”
      means a Loan denominated in US Dollars that bears interest based on the Base
      Rate. All Base Rate Loans shall be denominated in US Dollars.

     

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

     

    “Borrower”
      means any of TMFNL, TMCC, TFSUK, TKG, TCPR, TCCI or TLG, as
      applicable.

     

    “Borrower
      Materials”
      has the meaning specified in Section
      6.1.

     

    “Borrowing”
      means a Committed Borrowing, a Money Market Borrowing or a Swing Line Borrowing,
      as the context may require.

     

    “Business
      Day”
      means (i) any day other than a Saturday, Sunday or other day on which commercial
      banks are authorized to close under the Laws of, or are in fact closed in,
      any
      of the following: the state where the Administrative Agent's Office is located,
      California, New York, and San Juan, Puerto Rico, (ii) if such day relates to
      any
      Eurocurrency Rate Loan or Money Market LIBOR Loan denominated in US Dollars,
      any
      such day on which dealings in US Dollar deposits are conducted by and between
      banks in the London interbank eurodollar market, (iii) if such day relates
      to
      any interest rate settings as to a Eurocurrency Rate Loan, Money Market LIBOR
      Loan or Swing Line Loan denominated in Euro, a TARGET Day; (iv) if such day
      relates to any interest rate settings as to a Eurocurrency Rate Loan, Money
      Market LIBOR Loan or Swing Line Loan denominated in a currency other than US
      Dollars or Euro, means any such day on which dealings in deposits in the
      relevant currency are conducted by and between banks in the London or other
      applicable offshore interbank market for such currency; and (v) if such day
      relates to any Tranche C Loan, a Canadian Business Day.

     

    “Canadian
      Business Day”
      means a day of the year on which banks are not required or authorized by law
      to
      close in Toronto, Ontario, Canada.

     

    “Canadian
      Dollars”
      and “CDN$”
      each means lawful money of Canada.

     

    “Canadian
      Prime Rate”
      means, on any day, a fluctuating rate of interest per annum equal to the average
      of the rates of interest per annum most recently announced by each Canadian
      Reference Bank as its reference rate of interest for loans made in Canadian
      Dollars to Canadian customers and designated as such Canadian Reference Bank’s
“prime rate” (a Canadian Reference Bank’s “prime rate” being a rate set by such
      Canadian Reference Bank based upon various factors, including such Canadian
      Reference Bank’s costs and desired returns and general economic conditions, and
      is used as a reference point for pricing some loans, which may be priced at,
      above or below such announced rate). Any change in such rate announced by the
      Canadian Sub-Agent shall take effect at the opening of business on the day
      specified in the public announcement of such change. Each interest rate based
      upon the Canadian Prime Rate shall be adjusted simultaneously with any change
      in
      the Canadian Prime Rate.

     

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    “Canadian
      Prime Rate Loan”
      means a Tranche C Loan denominated in Canadian Dollars that bears interest
      based
      on the Canadian Prime Rate.

     

    “Canadian
      Reference Banks”
      means Bank of America, acting through its Canada Branch, Royal Bank of Canada
      and Canadian Imperial Bank of Commerce.

     

    “Canadian
      Sub-Agent”
      means Bank of America, acting through its Canada Branch.

     

    “Canadian
      Sub-Agent’s
      Office”
      means, with respect to Canadian Dollars, the Canadian Sub-Agent’s
      address and, as appropriate, account as set forth on Schedule
      9.2,
      or such other address or account with respect to such currency as the Canadian
      Sub-Agent may from time to time notify to TCCI and the Tranche C
      Lenders.

     

    “Closing
      Date”
      means the first date all the conditions precedent in Section
      4.1
      are satisfied or waived in accordance with Section
      4.1
      (or, in the case of Section
      4.1(b),
      waived by the Person entitled to receive the applicable payment).

     

    “Code”
      means the Internal Revenue Code of 1986, as amended and any successor
      statute.

     

    “Commitment”
      means, as to each Lender, its Tranche A Commitment, its Tranche B Commitment,
      its Tranche C Commitment or its Tranche D Commitment, as
      applicable.

     

    “Commitment
      Cap”
      means, as to each Lender, the amount set opposite its name on Schedule 2.1
      as
      such Lender’s “Commitment Cap” or in the Assignment and Assumption pursuant to
      which such Lender becomes a party hereto, as applicable, as such amount may
      be
      adjusted from time to time in accordance with this Agreement.

     

    “Committed
      Borrowing”
      means a borrowing consisting of simultaneous Committed Loans of the same Type
      and Tranche and, in the case of Eurocurrency Rate Loans, having the same
      Interest Period made by each of the appropriate Lenders pursuant to Section
      2.1.

     

    “Committed
      Loan”
      means a Committed Tranche A Loan, a Committed Tranche B Loan, a Committed
      Tranche C Loan or a Committed Tranche D Loan.

     

    “Committed
      Loan Notice”
      means a notice of (a) a Committed Borrowing, (b) a conversion of Committed
      Loans
      from one Type to the other and (c) a continuation of Eurocurrency Rate Loans,
      pursuant to Section
      2.2(a),
      which, if in writing, shall be substantially in the form of Exhibit
      A-1.
      A Committed Loan Notice for a Eurocurrency Rate Loan with an Interest Period
      extending beyond the Revolving Maturity Date applicable to the Borrower giving
      such notice may only be delivered concurrently with (or, in the case of (b)
      or
      (c) above, concurrently with or subsequently to) a notice of election by such
      Borrower to extend the Revolving Maturity Date applicable to such Borrower
      pursuant to Section
      2.13(c).
      A Committed Loan Notice for Bankers’ Acceptances or BA Equivalent Notes with BA
      Maturity Date extending beyond the Revolving Maturity Date applicable to TCCI
      may only be delivered concurrently with (or, in the case of (b) or (c) above,
      concurrently with or subsequently to) a 

     

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    notice
      of election by TCCI to extend the Revolving Maturity Date applicable to TCCI
      pursuant to Section
      2.13(c).
      

     

    “Committed
      Tranche A Loan”
      means a loan made by a Tranche A Lender pursuant to Section
      2.1(a).

     

    “Committed
      Tranche B Loan”
      means a loan made by a Tranche B Lender pursuant to Section
      2.1(b).

     

    “Committed
      Tranche C Loan”
      means a loan made by, or the purchase or acceptance of Bankers’ Acceptances or
      purchase of Drafts by, a Tranche C Lender pursuant to Section
      2.1(c).

     

    “Committed
      Tranche D Loan”
      means a loan made by a Tranche D Lender pursuant to Section
      2.1(d).

     

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

     

    “Consenting
      Lenders”
      has the meaning specified in Section
      2.13(b).

     

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

     

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

     

    “Debt
      Rating”
      has the meaning set forth in the definition of “Applicable Rate”.

     

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

     

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

     

    “Default
      Rate”
      means an interest rate equal to (a) in the case of Loans denominated in US
      Dollars, (i) the Base Rate plus
      (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus
      (iii) 2% per annum; provided,
      however,
      that with respect to a Eurocurrency Rate Loan or Money Market Loan, the Default
      Rate shall be an interest rate equal to the interest rate (including any
      Applicable Rate and any Mandatory Cost) otherwise applicable to such Loan plus
      2% per annum and (b) in the case of Loans denominated in Canadian Dollars (i)
      the Canadian Prime Rate plus (ii) the Applicable Rate, if any, applicable to
      Canadian Prime Rate Loans plus (iii) 2% per annum, in each case to the fullest
      extent permitted by applicable Laws. 

     

    “Defaulting
      Lender”
      means any Lender that (a) has failed to fund any portion of the Committed Loans
      or participations in Swing Line Loans required to be funded by it hereunder
      

     

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    within
      three Business Days of the date required to be funded by it hereunder, and
      such
      failure is continuing, or (b) has otherwise failed to pay over to the
      Administrative Agent or any other Lender any other amount required to be paid
      by
      it hereunder within three Business Days of the date when due, and such failure
      is continuing, unless the subject of a good faith dispute. 

     

    “Discount
      Rate”
      means, in respect of any Bankers’ Acceptances or Drafts to be purchased by a
      Tranche C Lender pursuant to Section 2.1(c): (i) for a Tranche C Lender that
      is
      a Schedule I Bank, the average rate (calculated on an annual basis of a year
      of
      365 days and rounded up to the nearest five decimal places, if such average
      is
      not such a multiple) for Canadian Dollar bankers’ acceptances having a
      comparable term that appears on the Reuters Screen CDOR Page (or such other
      page
      as is a replacement page for such bankers’ acceptances) at 10:00 A.M. (Toronto
      time) or, if such rate is not available at such time, the applicable discount
      rate in respect of such Bankers’ Acceptances or Drafts shall be the average (as
      determined by the Canadian Sub-Agent) of the respective actual discount rates
      (calculated on an annual basis of 365 days and rounded up to the nearest five
      decimal places, if such average is not such a multiple), quoted to the Canadian
      Sub-Agent by each Canadian Reference Bank as the discount rate at which such
      Canadian Reference Bank would purchase, as of 10:00 A.M. (Toronto time) on
      the
      date of such Drawing, its own bankers’ acceptances having an aggregate Face
      Amount equal to and with a term to maturity the same as the Bankers’ Acceptances
      or Drafts to be acquired by such Lender as part of such Drawing; and (ii) for
      each other Tranche C Lender and any other Lender or Person, the average rate
      determined by the Canadian Sub-Agent pursuant to clause (a) plus
      0.05%.

     

    “Dollar
      Equivalent”
      means, at any time, (a) with respect to any amount denominated in US
      Dollars, such amount, and (b) with respect to any amount denominated in any
      Alternative Currency, the equivalent amount thereof in US Dollars as determined
      by the Administrative Agent at such time on the basis of the Spot Rate
      (determined in respect of the most recent Revaluation Date) for the purchase
      of
      US Dollars with such Alternative Currency.

     

    “Draft”
      means, at any time, either a depository bill within the meaning of the
      Depository Bills and Notes Act, or a bill of exchange within the meaning of
      the
      Bills of Exchange Act (Canada), drawn by TCCI on a Lender or any other Person
      and bearing such distinguishing letters and numbers as the Lender or the Person
      may determine, but which at such time has not been completed as the payee or
      accepted by the Lender or the Person.

     

    “Drawing”
      means the simultaneous (i) creation and purchase of Bankers’ Acceptances by the
      Tranche C Lenders, in accordance with Section 2.15(a), or (ii) the purchase
      of
      completed Drafts by a Tranche C Lender in accordance with Section
      2.15(a).

     

    “Drawing
      Fee”
      means, with respect to each Draft drawn by TCCI and purchased by any Person
      on
      any Drawing Date and subject to the provisions of Section 2.15, an amount equal
      to the product of (i) the Applicable Rate times the aggregate Face Amount of
      the
      Draft, multiplied by (ii) a fraction the numerator of which is the number of
      days in the term to maturity of such Draft and the denominator of which is
      365
      or 366, as applicable.

     

    “Drawing
      Purchase Price”
      means, with respect to each Bankers’ Acceptance or Draft to be purchased by any
      Tranche C Lender at any time, the amount (adjusted to the nearest whole

     

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    cent
      or, if there is no nearest whole cent, the next higher whole cent) obtained
      by
      dividing (i) the aggregate Face Amount of such Bankers’ Acceptance, by (ii) the
      sum of (A) one and (B) the product of (1) the Discount Rate applicable to such
      Tranche C Lender in effect at such time (expressed as a decimal) multiplied
      by
      (2) a fraction the numerator of which is the number of days in the term to
      maturity of such Bankers’ Acceptance or Draft and the denominator of which is
      365 days.

     

    “Eligible
      Assignee”
      has the meaning specified in Section
      9.7(h).

     

    “EMU”
      means the economic and monetary union in accordance with the Treaty of Rome
      1957, as amended by the Single European Act 1986, the Maastricht Treaty of
      1992
      and the Amsterdam Treaty of 1998.

     

    “EMU
      Legislation”
      means the legislative measures of the European Council for the introduction
      of,
      changeover to or operation of a single or unified European
      currency.

     

    “Environmental
      Laws”
      means any and all Laws relating to the environment, the effect of the
      environment on human health or to emissions, discharges or releases of
      pollutants, contaminants, hazardous substances or wastes into the environment
      including, without limitation, ambient air, surface water, ground water, or
      land, or otherwise relating to the manufacture, processing, distribution, use,
      treatment, storage, disposal, transport or handling of pollutants, contaminants,
      hazardous substances or wastes or the clean-up or other remediation
      thereof.

     

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

     

    “ERISA
      Group”
      means any Borrower organized under the laws of the United States or any State
      thereof, the District of Columbia or Puerto Rico, any Subsidiary of such
      Borrower and all members of a controlled group of corporations and all trades
      or
      businesses (whether or not incorporated) under common control which, together
      with such Borrower, or any such Subsidiary, are treated as a single employer
      under Section 414 of the Code.

     

    “Euro”
      and “EUR”
      mean the lawful currency of the Participating Member States introduced in
      accordance with the EMU Legislation.

     

    “Eurocurrency
      Base Rate”
      has the meaning set forth in the definition of Eurocurrency Rate.

     

    “Eurocurrency
      Rate”
      means for any Interest Period with respect to any Eurocurrency Rate Loan, a
      rate
      per annum determined by the Administrative Agent pursuant to the following
      formula:

     

    Eurocurrency
      Rate =  Eurocurrency
      Base Rate  

    1.00
      minus Eurocurrency Reserve Percentage

    Where,

     

    
      
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    “Eurocurrency
      Base Rate”
      means, for such Interest Period, the rate per annum equal to the British Bankers
      Association LIBOR Rate (“BBA
      LIBOR”),
      as published by Reuters (or other commercially available source providing
      quotations of BBA LIBOR as designated by the Administrative Agent from time
      to
      time) at approximately 11:00 a.m., London time, two Business Days prior to
      the
      commencement of such Interest Period, for deposits in the relevant currency
      (for
      delivery on the first day of such Interest Period) with a term equivalent to
      such Interest Period. If such rate is not available at such time for any reason,
      then the “Eurocurrency Base Rate” for such Interest Period shall be the rate per
      annum determined by the Administrative Agent to be the rate at which deposits
      in
      the relevant currency for delivery on the first day of such Interest Period
      in
      Same Day Funds in the approximate amount of the Eurocurrency Rate Loan being
      made, continued or converted by Bank of America’s London Branch and with a term
      equivalent to such Interest Period would be offered by Bank of America’s London
      Branch (or other Bank of America branch or Affiliate) to major banks in the
      London or other offshore interbank market for such currency at their request
      at
      approximately 11:00 a.m. (London time) two Business Days prior to the first
      day
      of such Interest Period.

     

    “Eurocurrency
      Reserve Percentage”
      means, for any day during any Interest Period, the reserve percentage (expressed
      as a decimal, carried out to five decimal places) in effect on such day, whether
      or not applicable to any Lender, under regulations issued from time to time
      by
      the FRB for determining the maximum reserve requirement (including any
      emergency, supplemental or other marginal reserve requirements) with respect
      to
      Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The
      Eurocurrency Rate for each outstanding Eurocurrency Rate Loan shall be adjusted
      automatically as of the effective date of any change in the Eurocurrency Reserve
      Percentage.

     

    “Eurocurrency
      Rate Loan”
      means a Committed Loan that bears interest at a rate based on the Eurocurrency
      Rate. Eurocurrency Rate Loans may be denominated in US Dollars or in an
      Alternative Currency. All Committed Loans denominated in an Alternative Currency
      (other than Canadian Dollar Loans made under Tranche C) must be Eurocurrency
      Rate Loans.

     

    “Event
      of Default”
      has the meaning set forth in Section
      7.1.

     

    “Exempt
      Lender”
      means a Tranche B Lender that is any of the following: (i) a Corporate Lender
      organized under the Laws of Puerto Rico, (ii) a Corporate Lender organized
      under
      the Laws of a jurisdiction other than Puerto Rico that is engaged in the conduct
      of a trade or business in Puerto Rico, or (iii) a Lender organized under the
      Laws of a jurisdiction other than Puerto Rico that is not engaged in the conduct
      of a trade or business in Puerto Rico and that is not a “related person” to TCPR
      for purposes of Section 1231(a)(1)(A)(i) of the Puerto Rico Code by reason
      of
      the fact that such Lender does not own, directly or indirectly in accordance
      with the attribution rules of Section 1231(a)(3) of the Puerto Rico Code, 50%
      or
      more of the value of the stock of TCPR. As used in this definition, “Corporate
      Lender” means a Lender that is taxable as a corporation under the Puerto Rico
      Code.

     

    
      
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    “Face
      Amount”
      means, with respect to any Bankers’ Acceptance, Drafts or BA Equivalent Note,
      the amount payable to the holder of such Bankers’ Acceptance, Draft or BA
      Equivalent Note on its maturity date.

     

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

     

    “Fee
      Letter”
      means a letter, dated as of February 22, 2007 among TMCC, the Administrative
      Agent, Citibank, N.A. and the Arrangers.

     

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

     

    “GAAP”
      means, (i) in the case of TMCC and TCPR, generally accepted accounting
      principles in the United States set forth in the opinions and pronouncements
      of
      the Accounting Principles Board and the American Institute of Certified Public
      Accountants and statements and pronouncements of the Financial Accounting
      Standards Board, consistently applied, (ii) in the case of TCCI, accounting
      principles generally accepted in Canada as recommended in the Handbook of the
      Canadian Institute of Chartered Accountants, consistently applied, and (iii)
      in
      the case of any other Borrower to which United States generally accepted
      accounting principles are not applicable, accounting principles generally
      accepted in the country in which such Borrower is organized, as adopted,
      recommended or declared by the applicable accounting board or similar entity
      regularly determining such matters in such country, consistently applied.

     

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

     

    “ICTA”
      means the United Kingdom Income and Corporation Taxes Act 1988.

     

    “Indemnified
      Liabilities”
      has the meaning set forth in Section
      9.5.

     

    “Indemnitees”
      has the meaning set forth in Section
      9.5.

     

    “Interest
      Payment Date”
      means, (a) as to any Eurocurrency Rate Loan or Money Market Loan, the last
      day
      of each Interest Period applicable to such Loan and the Revolving Maturity
      Date;
provided,
      however,
      that if any Interest Period for a Eurocurrency Rate Loan or Money 

     

    
      
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    Market
      Loan exceeds three months, the respective dates that fall every three months
      after the beginning of such Interest Period shall also be Interest Payment
      Dates; and (b) as to any Base Rate Committed Loan, any Canadian Prime Rate
      Loan
      or any Swing Line Loan, the last Business Day of each March,
      June, September and December, the Revolving Maturity Date applicable to the
      Borrower of such Loan, and, if later than the Revolving Maturity
      Date, the Maturity Date applicable to the Borrower of such Loan.

     

    “Interest
      Period”
      means, (a) as to each Eurocurrency Rate Loan, the period commencing on the
      date
      such Loan is disbursed or converted to or continued as a Eurocurrency Rate
      Loan
      and ending on the date one, two, three or six months, thereafter, as selected
      by
      the applicable Borrower in its Committed Loan Notice, (b) as to each Money
      Market LIBOR Loan, the period commencing on the date such Loan is disbursed
      and
      ending on the date that is such whole number of months thereafter as the
      applicable Borrower may elect in accordance with Section
      2.3,
      (c) as to each Money Market Absolute Rate Loan, the period commencing on the
      date such Loan is disbursed and ending on the date that is such number of days
      thereafter as the applicable Borrower may elect in accordance with Section
      2.3
      and (d) as to each Swing Line Loan, the period commencing on the date such
      Loan
      is disbursed and ending on the date that is such number of days thereafter
      as
      the applicable Borrower may elect in accordance with Section 2.16; provided
      that:

     

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

     

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

     

    (iii) no
      Interest Period for a Eurocurrency Rate Loan shall extend beyond the Maturity
      Date applicable to such Borrower, and no Interest Period for Money Market Loans
      shall extend beyond the Revolving Maturity Date applicable to such
      Borrower.

     

    Notwithstanding
      the foregoing, a Borrower may select an Interest Period for a Eurocurrency
      Rate
      Loan which would end after the Revolving Maturity Date applicable to such
      Borrower only if it has previously delivered, or delivers concurrently with
      the
      applicable Committed Loan Notice, an election to extend the Revolving Maturity
      Date pursuant to Section
      2.13(c).

     

    “Invitation
      for Money Market Quotes”
      means an Invitation for Money Market Quotes substantially in the form of
Exhibit
      F
      hereto.

     

    “IRS”
      means the United States Internal Revenue Service.

     

    “ITA”
      means the Income
      Tax Act
      (Canada), as amended.

     

    
      
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    “Laws”
      means, collectively, all federal, state and local statutes, executive orders,
      treaties, rules, guidelines, regulations, ordinances, codes and administrative
      authorities, including the interpretation or administration thereof by any
      Governmental Authority charged with the enforcement, interpretation or
      administration thereof, and all applicable administrative orders of any
      Governmental Authority. 

     

    “Lender”
      has the meaning specified in the introductory paragraph hereto and, as the
      context requires, includes each Swing Line Lender. 

     

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

     

    “LIBOR
      Auction”
      means a solicitation of Money Market Quotes setting forth Money Market Margins
      based on the Eurocurrency Rate pursuant to Section
      2.3.

     

    “Loan”
      means an extension of credit by a Lender to a Borrower under Article
      II
      in the form of a Committed Loan, a Money Market Loan or a Swing Line
      Loan.

     

    “Loan
      Documents”
      means this Agreement, each Note, and the Fee Letter.

     

    “Mandatory
      Cost”
      means, with respect to any period, the percentage rate per annum determined
      in
      accordance with Schedule 1.1.

     

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

     

    “Money
      Market Absolute Rate”
      has the meaning set forth in Section
      2.3(d)(ii).

     

    “Money
      Market Absolute Rate Loan”
      means a loan denominated in US Dollars to be made by a Lender pursuant to an
      Absolute Rate Auction.

     

    “Money
      Market Borrowing”
      means a borrowing consisting of simultaneous Money Market Loans of the same
      Type
      and, in the case of Money Market LIBOR Loans bearing interest calculated based
      on the Eurocurrency Rate, having the same Interest Period made by a Lender
      pursuant to Section
      2.3.

     

    “Money
      Market LIBOR Loan”
      means a loan denominated in US Dollars to be made by a Lender pursuant to a
      LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant
      to Section
      3.2).

     

    “Money
      Market Loan”
      means a Money Market LIBOR Loan or a Money Market Absolute Rate
      Loan.

     

    “Money
      Market Margin”
      has the meaning set forth in Section
      2.3(d)(ii).

     

    
      
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    “Money
      Market Quote”
      means an offer, substantially in the form of Exhibit
      G
      hereto, by a Lender to make a Money Market Loan in accordance with Section
      2.3.

     

    “Money
      Market Quote Request”
      means a Money Market Quote Request substantially in the form of Exhibit
      E
      hereto.

     

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

     

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

     

    “Note”
      or “Notes”
      means a promissory note or promissory notes made by a Borrower in favor of
      a
      Lender evidencing Loans made by such Lender to such Borrower, substantially
      in
      the form of Exhibit
      B.

     

    “Obligations”
      means, with respect to any Borrower, all advances to, and debts, liabilities,
      obligations, covenants and duties of, such Borrower arising under any Loan
      Document or otherwise with respect to any Loan made to such Borrower, whether
      direct or indirect (including those acquired by assumption), absolute or
      contingent, due or to become due, now existing or hereafter arising and
      including interest and fees that accrue after the commencement by or against
      such Borrower of any proceeding under any Debtor Relief Laws naming such
      Borrower as the debtor in such proceeding, regardless of whether such interest
      and fees are allowed claims in such proceeding.

     

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

     

    “Other
      Taxes”
      means any and all present or future stamp or documentary taxes and any other
      excise or property taxes or charges or similar levies which arise from any
      payment made under any Loan Document or from the execution, delivery,
      performance, enforcement or registration of, or otherwise with respect to,
      any
      Loan Document, excluding
      taxes, charges and levies payable in respect of any Money Market Loan for any
      reason except a Regulatory Change occurring after the date that the Money Market
      Quote for such Money Market Loan was delivered.

     

    
      
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    “Outstanding
      Amount”
      means, (i) with respect to Committed Loans and Money Market Loans on any date,
      the aggregate outstanding principal amount or, in the case of Bankers’
Acceptances, Drafts and BA Equivalent Notes, Face Amount thereof after giving
      effect to any borrowing and prepayments or repayments of Committed Loans and
      Money Market Loans, as the case may be, occurring on such date; and (ii) with
      respect to Swing Line Loans on any date, the aggregate outstanding principal
      amount thereof after giving effect to any borrowings and prepayments or
      repayments of such Swing Line Loans occurring on such date.

     

    “Overnight
      Rate”
      means, for any day, (a) with respect to any amount denominated in US Dollars,
      the Federal Funds Rate, (b) with respect to any amount denominated in Canadian
      Dollars, an overnight rate determined by the Administrative Agent, the Swing
      Line Agent or Canadian Sub-Agent, as the case may be, in accordance with banking
      industry rules on interbank compensation, and (c) with respect to any amount
      denominated in an Alternative Currency other than Canadian Dollars, the rate
      of
      interest per annum at which overnight deposits in the applicable Alternative
      Currency, in an amount approximately equal to the amount with respect to which
      such rate is being determined, would be offered for such day by a branch or
      Affiliate of Bank of America in the applicable offshore interbank market for
      such currency to major banks in such interbank market. 

     

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

     

    “Participant”
      has the meaning set forth in Section
      9.7(d).

     

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

     

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

     

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

     

    “Platform”
      has the meaning specified in Section
      6.1.

     

    “Pro
      Rata Share”
      means (a) with respect to each Tranche A Lender at any time, a fraction
      (expressed as a percentage, carried out to the ninth decimal place), the
      numerator of which is the amount of the Tranche A Commitment of such Lender
      at
      such time and the denominator of which is the amount of the Aggregate Tranche
      A
      Commitments at such time; provided
      that if the commitment of each Lender to make Loans has been terminated pursuant
      to Section
      7.1,
      then the Pro Rata Share of each Tranche A Lender shall be determined based
      on
      the Pro Rata Share of such Lender immediately prior to such termination and
      after giving effect to any subsequent

     

    
      
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    assignments
      made pursuant to the terms hereof, (b) with respect to each Tranche B Lender
      at
      any time, a fraction (expressed as a percentage, carried out to the ninth
      decimal place), the numerator of which is the amount of the Tranche B Commitment
      of such Lender at such time and the denominator of which is the amount of the
      Aggregate Tranche B Commitments at such time; provided
      that if the commitment of each Lender to make Loans has been terminated pursuant
      to Section
      7.1,
      then the Pro Rata Share of each Tranche B Lender shall be determined based
      on
      the Pro Rata Share of such Lender immediately prior to such termination and
      after giving effect to any subsequent assignments made pursuant to the terms
      hereof, (c) with respect to each Tranche C Lender at any time, a fraction
      (expressed as a percentage, carried out to the ninth decimal place), the
      numerator of which is the amount of the Tranche C Commitment of such Lender
      at
      such time and the denominator of which is the amount of the Aggregate Tranche
      C
      Commitments at such time; provided
      that if the commitment of each Lender to make Loans has been terminated pursuant
      to Section
      7.1,
      then the Pro Rata Share of each Tranche C Lender shall be determined based
      on
      the Pro Rata Share of such Lender immediately prior to such termination and
      after giving effect to any subsequent assignments made pursuant to the terms
      hereof, (d) with respect to each Tranche D Lender at any time, a fraction
      (expressed as a percentage, carried out to the ninth decimal place), the
      numerator of which is the amount of the Tranche D Commitment of such Lender
      at
      such time and the denominator of which is the amount of the Aggregate Tranche
      D
      Commitments at such time; provided
      that if the commitment of each Lender to make Loans has been terminated pursuant
      to Section
      7.1,
      then the Pro Rata Share of each Tranche D Lender shall be determined based
      on
      the Pro Rata Share of such Lender immediately prior to such termination and
      after giving effect to any subsequent assignments made pursuant to the terms
      hereof. The initial Pro Rata Share of each Lender is set forth opposite the
      name
      of such Lender on Schedule
      2.1
      or in the Assignment and Assumption pursuant to which such Lender becomes a
      party hereto, as applicable and (e) with respect to the aggregate Commitments
      of
      all Lenders at any time, a fraction (expressed as a percentage, carried out
      to
      the ninth decimal place), the numerator of which is the amount of such Lender’s
      Commitment Cap and the denominator of which is the aggregate amount of the
      Commitments at such time. 

     

    “Public
      Lender”
      has the meaning specified in Section
      6.1.

     

    “Puerto
      Rico”
      means the Commonwealth of Puerto Rico.

     

    “Puerto
      Rico Code”
      means the Puerto Rico Internal Revenue Code of 1994, as amended and any
      successor statute.

     

    “Rating
      Agency”
      means S&P or Moody's.

     

    “Register”
      has the meaning set forth in Section
      9.7(c).

     

    “Regulation
      U”
      means Regulation U of the FRB, as in effect from time to time.

     

    “Regulatory
      Change”
      shall mean, with respect to any Lender, the introduction of or any change in
      or
      in the interpretation of any Law, or such Lender's compliance
      therewith.

     

    “Request
      for Loans”
      means (a) with respect to a Borrowing, conversion or continuation of Committed
      Loans, a Committed Loan Notice, (b) with respect to a Money Market
      Borrowing,

     

    
      
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    a
      Notice of Money Market Borrowing (as defined in Section
      2.3(f)),
      and (c) with respect to a Swing Line Loan, a Swing Line Loan
      Notice.

     

    “Required
      Lenders”
      means, (a) with respect to matters related solely to the Tranche A Borrowers
      as
      of any date of determination, Lenders having more than 50% of the Aggregate
      Tranche A Commitments or, if the commitment of each Tranche A Lender to make
      Loans has been terminated pursuant to Section
      7.1,
      Tranche A Lenders holding in the aggregate more than 50% of the Total
      Outstandings applicable to the Tranche A Borrowers (with the aggregate amount
      of
      each Lender’s risk participation and funded participation in Swing Line Loans
      under Tranche A being deemed “held” by such Lender for purposes of this
      definition); provided
      that the Commitment of, and the portion of the Total Outstandings applicable
      to
      the Tranche A Borrowers held or deemed held by, any Defaulting Lender shall
      be
      excluded for purposes of making a determination of Required Lenders, (b) with
      respect to matters related solely to TCPR as of any date of determination,
      Lenders having more than 50% of the Aggregate Tranche B Commitments or, if
      the
      commitment of each Tranche B Lender to make Loans has been terminated pursuant
      to Section
      7.1,
      Tranche B Lenders holding in the aggregate more than 50% of the Total
      Outstandings applicable to TCPR (with the aggregate amount of each Lender’s risk
      participation and funded participation in Swing Line Loans under Tranche B
      being
      deemed “held” by such Lender for purposes of this definition); provided
      that the Commitment of, and the portion of the Total Outstandings applicable
      to
      TCPR held, or deemed held by, any Defaulting Lender shall be excluded for
      purposes of making a determination of Required Lenders, (c) with respect to
      matters related solely to TCCI as of any date of determination, Lenders having
      more than 50% of the Aggregate Tranche C Commitments or, if the commitment
      of
      each Tranche C Lender to make Loans has been terminated pursuant to Section
      7.1,
      Tranche C Lenders holding in the aggregate more than 50% of the Total
      Outstandings applicable to TCCI (with the aggregate amount of each Lender’s risk
      participation and funded participation in Swing Line Loans under Tranche C
      being
      deemed “held” by such Lender for purposes of this definition); provided
      that the Commitment of, and the portion of the Total Outstandings applicable
      to
      TCCI held, or deemed held by, any Defaulting Lender shall be excluded for
      purposes of making a determination of Required Lenders, (d) with respect to
      matters related solely to TLG as of any date of determination, Lenders having
      more than 50% of the Aggregate Tranche D Commitments or, if the commitment
      of
      each Tranche D Lender to make Loans has been terminated pursuant to Section
      7.1,
      Tranche D Lenders holding in the aggregate more than 50% of the Total
      Outstandings applicable to TLG (with the aggregate amount of each Lender’s risk
      participation and funded participation in Swing Line Loans under Tranche D
      being
      deemed “held” by such Lender for purposes of this definition); provided
      that the Commitment of, and the portion of the Total Outstandings applicable
      to
      TLG held, or deemed held by, any Defaulting Lender shall be excluded for
      purposes of making a determination of Required Lenders and (e) in all other
      cases, Lenders having more than 50% of the Aggregate Commitments of all Lenders
      or, to the extent the Commitments have been terminated, more than 50% of the
      Total Outstandings of all Loans, provided that the Commitment of, and the
      portion of the Total Outstandings held or deemed held by, any Defaulting Lender
      shall be excluded for purposes of making a determination of Required
      Lenders.

     

    “Responsible
      Officer”
      means the chief executive officer, president, chief financial officer, treasurer
      or assistant treasurer of the applicable Borrower as set forth in a written
      notice from such Borrower to the Administrative Agent. The Administrative Agent
      may conclusively 

     

    
      
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    rely
      on each such notice unless and until a subsequent writing shall be delivered
      by
      a Borrower to the Administrative Agent that identifies the prior writing that
      is
      to be superseded and stating that it is to be so superseded. Any document
      delivered hereunder that is signed by a Responsible Officer of a Borrower shall
      be conclusively presumed to have been authorized by all necessary corporate
      action on the part of such Borrower.

     

    “Revaluation
      Date”
      means each of the following: (i) each date of a Borrowing of a Eurocurrency
      Rate
      Loan denominated in an Alternative Currency, (ii) each date of a continuation
      of
      a Eurocurrency Rate Loan denominated in an Alternative Currency pursuant to
      Section 2.02,
      and (iii) such additional dates as the Administrative Agent shall determine
      or
      the Required Lenders shall request. 

     

    “Revolving
      Maturity Date”
      means, with respect to any Borrower, the later of (a) March 27, 2012, and (b)
      if
      maturity is extended upon the request of such Borrower pursuant to Section
      2.13(b),
      such extended revolving maturity date as determined pursuant to such Section;
      provided,
      however, that the Revolving Maturity Date of any Lender that is a non-Consenting
      Lender to any requested extension pursuant to Section
      2.13(b)
      shall be the Revolving Maturity Date in effect immediately prior to the
      applicable Revolving Extension Effective Date for all purposes of this
      Agreement.

     

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

     

    “Same
      Day Funds”
      means (a) with respect to disbursements and payments in US Dollars, immediately
      available funds, and (b) with respect to disbursements and payments in an
      Alternative Currency, same day or other funds as may be determined by the
      Administrative Agent to be customary in the place of disbursement or payment
      for
      the settlement of international banking transactions in the relevant Alternative
      Currency.

     

    “Schedule
      I Banks”
      shall mean, at any time, the Lenders that are listed in Schedule I to the Bank
      Act (Canada) at such time.

     

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

     

    “Significant
      Subsidiary”
      means any Subsidiary which would meet the definition of “Significant Subsidiary”
contained in Regulation S-X (or similar successor provision) of the Securities
      and Exchange Commission.

     

    “Special
      Notice Currency”
      means at any time an Alternative Currency, other than the currency of a country
      that is a member of the Organization for Economic Cooperation and Development
      at
      such time located in North America or Europe.

     

    “Spot
      Rate”
      for a currency means the rate determined by the Administrative Agent to be
      the
      rate quoted by the Person acting in such capacity as the spot rate for the
      purchase by such Person of such currency with another currency through its
      principal foreign exchange trading office at approximately 11:00 a.m. on the
      date two Business Days prior to the date as of which the foreign exchange
      computation is made; provided that
      the Administrative Agent may obtain 

     

    
      
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    such
      spot rate from another financial institution designated by the Administrative
      Agent if the Person acting in such capacity does not have as of the date of
      determination a spot buying rate for any such currency. 

     

    “Sterling”
      and “£”
      mean the lawful currency
      of the United Kingdom.

     

    “Sub-Agents”
      means the Canadian Sub-Agent and the Swing Line Agent.

     

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

     

    “Swing
      Line Agent”
      means Bank of America, acting through its London Branch.

     

    “Swing
      Line Borrowing”
      means a borrowing of a Swing Line Loan pursuant to Section
      2.16.

     

    “Swing
      Line Commitment”
      means, as to each Swing Line Lender, its obligation to make Swing Line Loans
      in
      an aggregate principal amount at any one time outstanding not to exceed the
      amount set forth opposite such Lender’s name on Schedule
      2.1
      as its “Swing Line Commitment” or in the Assignment and Assumption pursuant to
      which such Lender becomes a party hereto, as applicable, as such amount may
      be
      adjusted from time to time in accordance with this Agreement.

     

    “Swing
      Line Lenders”
      means each of the Lenders that has a Swing Line Commitment on Schedule 2.1
      hereto, or any successor swing line lender hereunder.

     

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

     

    “Swing
      Line Loan Notice”
      means a notice of a Swing Line Borrowing pursuant to Section
      2.16(b),
      which, if in writing, shall be substantially in the form of Exhibit
      A-2.

     

    “Swing
      Line Rate”
      means, (a) in respect of Swing Line Loans made in US Dollars or any Alternate
      Currency other than Canadian Dollars, for any Interest Period, the sum of (i)
      the rate per annum determined by the Swing Line Agent as the rate of interest
      (rounded upward to the next 1/100th of 1%) at which deposits in the relevant
      currency for delivery on the first day of such Swing Line Loan in Same Day
      Funds
      in the approximate amount of the Swing Line Loan being made by the Swing Line
      Agent (or its affiliate) and with a term equivalent to such Interest Period
      would be offered by Bank of America’s London Branch to major banks in the London
      or other offshore interbank market for such currency at their request at
      approximately 11:00 A.M. (London time) on the first day of such Swing Line
      Loan
      (ii) the Applicable Rate and (iii) the applicable Mandatory Cost and (b) in
      the
      case of Swing Line Loans made in Canadian Dollars, the Canadian Prime
      Rate.

     

    “Swing
      Line Sublimit”
      means an amount equal to the least of (a) US$2,000,000,000, (b) the aggregate
      Swing Line Commitments of the Swing Line Lenders and (c) the Aggregate

     

    
      
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    Commitments.
      The Swing Line Sublimit is part of, and not in addition to, the Aggregate
      Commitments.

     

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

     

    “Taxes”
      means, with respect to any payment by a Borrower under this Agreement or any
      other Loan Document, any and all present or future taxes, duties, levies,
      imposts, deductions, assessments, fees, withholdings or similar charges, and
      all
      liabilities with respect thereto, excluding,
      (i) in the case of the Administrative Agent and each Lender, taxes imposed
      on or
      measured by its overall net income, and franchise and similar taxes imposed
      on
      it, by the jurisdiction (or any political subdivision thereof) under the Laws
      of
      which the Administrative Agent or such Lender, as the case may be, is organized
      or where the Administrative Agent's Office or a Lender's Lending Office is
      located and (ii) any (1) United States or Puerto Rico withholding tax imposed
      on
      payments by the Tranche A Borrowers or TCPR, respectively under this Agreement
      or any other Loan Document, or (2) Canadian withholding tax imposed on payments
      by TCCI, under this Agreement or any other Loan Document to a Tranche C Lender
      that is subject to such withholding tax (x) with respect to payments on a Money
      Market Loan, on the date that such Lender delivers a Money Market Quote for
      such
      Money Market Loan and (y) with respect to all other payments, on the date such
      Lender becomes a party to this Agreement.

     

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

     

    “Total
      Outstandings”
      means (i) the aggregate Outstanding Amount of all Loans, (ii) when used in
      relation to the Tranche A Borrowers, the Outstanding Amount of all Loans made
      to
      the Tranche A Borrowers, (iii) when used in relation to TCPR, the Outstanding
      Amount of all Loans made to TCPR, (iv) when used in relation to TCCI, the
      Outstanding Amount of all Loans made to TCCI and (v) when used in relation
      to
      TLG, the Outstanding Amount of all Loans made to TLG.

     

    “Tranche
      A Availability Period”
      means the period from and including the Closing Date to the earliest of (a)
      the
      Revolving Maturity Date applicable to the Tranche A Borrowers, (b) the date
      of
      termination of the Aggregate Tranche A Commitments pursuant to Section
      2.5,
      and (c) the date of termination of the commitment of each Tranche A Lender
      to
      make Loans pursuant to
      Section 7.1.

     

    “Tranche
      A Borrowers”
      means TMFNL, TMCC, TFSUK and TKG.

     

    “Tranche
      A Commitment”
      means, as to each Lender, its obligation to (a) make Committed Loans to the
      Tranche A Borrowers pursuant to Section
      2.1(a)
      and (b) purchase participations in Swing Line Loans, in an aggregate principal
      amount at any one time outstanding not to exceed the amount set forth opposite
      such Lender's name on Schedule
      2.1
      as its “Tranche A Commitment” or in the Assignment and Assumption pursuant to
      which such 

     

    
      
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    Lender
      becomes a party hereto, as applicable, as such amount may be adjusted from
      time
      to time in accordance with this Agreement.

     

    “Tranche
      A Facility”
      means the aggregate of the Tranche A Commitments.

     

    “Tranche
      A Lender”
      means each Lender that has a Tranche A Commitment on Schedule 2.1 or any Lender
      to which a portion of the Tranche A Commitment hereunder has been assigned
      pursuant to an Assignment and Assumption.

     

    “Tranche
      A Loan”
      means an extension of credit by a Lender to a Tranche A Borrower under
Article
      II
      in the form of a Committed Loan or a Money Market Loan. Tranche A Loans shall
      be
      denominated in US Dollars or any Alternative Currency.

     

    “Tranche
      B Availability Period”
      means the period from and including the Closing Date to the earliest of (a)
      the
      Revolving Maturity Date applicable to TCPR, (b) the date of termination of
      the
      Aggregate Tranche B Commitments pursuant to Section
      2.5,
      and (c) the date of termination of the commitment of each Tranche B Lender
      to
      make Loans pursuant to
      Section 7.1.

     

    “Tranche
      B Commitment”
      means, as to each Lender, its obligation to (a) make Committed Loans to TCPR
      pursuant to Section
      2.1(b)
      and (b) purchase participations in Swing Line Loans, in an aggregate principal
      amount at any one time outstanding not to exceed the amount set forth opposite
      such Lender's name on Schedule
      2.1
      as its “Tranche
      B Commitment”
      or in the Assignment and Assumption pursuant to which such Lender becomes a
      party hereto, as applicable, as such amount may be adjusted from time to time
      in
      accordance with this Agreement.

     

    “Tranche
      B Facility”
      means the aggregate of the Tranche B Commitments.

     

    “Tranche
      B Lender”
      means each Lender that has a Tranche B Commitment on Schedule
      2.1
      or any Lender to which a portion of the Tranche B Commitment hereunder has
      been
      assigned pursuant to an Assignment and Assumption.

     

    “Tranche
      B Loan”
      means an extension of credit by a Lender to TCPR under Article
      II
      in the form of a Committed Loan or a Money Market Loan. Tranche B Loans shall
      be
      denominated in US Dollars or any Alternative Currency.

     

    “Tranche
      C Availability Period”
      means the period from and including the Closing Date to the earliest of (a)
      the
      Revolving Maturity Date applicable to TCCI, (b) the date of termination of
      the
      Aggregate Tranche C Commitments pursuant to
      Section 2.5,
      and (c) the date of termination of the commitment of each Tranche C Lender
      to
      make Loans pursuant to Section
      7.1.

     

    “Tranche
      C Commitment”
      means, as to each Lender, its obligation to (a) make Committed Loans to TCCI
      pursuant to Section
      2.1(c)
      and (b) purchase participations in Swing Line Loans, in an aggregate principal
      amount at any one time outstanding not to exceed the amount set forth opposite
      such Lender’s name on Schedule
      2.1
      as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to
      which such Lender becomes a party hereto, as applicable, as such amount may
      be
      adjusted from time to time in accordance with this Agreement.

     

    
      
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    “Tranche
      C Facility”
      means the aggregate of the Tranche C Commitments.

     

    “Tranche
      C Lender”
      means each Lender that has a Tranche C Commitment on Schedule
      2.1
      or any Lender to which a portion of the Tranche C Commitment hereunder has
      been
      assigned pursuant to an Assignment and Assumption.

     

    “Tranche
      C Loan”
      means an extension of credit by a Lender to TCCI under Article
      II
      and shall, unless the context otherwise requires, be deemed to include Drafts
      accepted or purchased by any such Lender, and BA Equivalent Notes issued to
      such
      Lender in exchange for Drafts. Tranche C Loans may be denominated in Canadian
      Dollars (as Canadian Prime Rate Loans, Bankers’ Acceptances, Drafts or BA
      Equivalent Notes), US Dollars (as Base Rate Loans or Eurocurrency Rate Loans)
      or
      any Alternative Currency (as Eurocurrency Rate Loans).

     

    “Tranche
      D Availability Period”
      means the period from and including the Closing Date to the earliest of (a)
      the
      Revolving Maturity Date applicable to TLG, (b) the date of termination of the
      Aggregate Tranche D Commitments pursuant to Section
      2.5,
      and (c) the date of termination of the commitment of each Tranche D Lender
      to
      make Loans pursuant to
      Section 7.1.

     

    “Tranche
      D Commitment”
      means, as to each Lender, its obligation to (a) make Committed Loans to TLG
      pursuant to Section
      2.1(d)
      and (b) purchase participations in Swing Line Loans, in an aggregate principal
      amount at any one time outstanding not to exceed the amount set forth opposite
      such Lender's name on Schedule
      2.1
      as its “Tranche D Commitment” or in the Assignment and Assumption pursuant to
      which such Lender becomes a party hereto, as applicable, as such amount may
      be
      adjusted from time to time in accordance with this Agreement.

     

    “Tranche
      D Facility”
      means the aggregate of the Tranche D Commitments.

     

    “Tranche
      D Lender”
      means each Lender that has a Tranche D Commitment on Schedule
      2.1
      or any Lender to which a portion of the Tranche D Commitment hereunder has
      been
      assigned pursuant to an Assignment and Assumption.

     

    “Tranche
      D Loan”
      means an extension of credit by a Lender to TLG under Article
      II
      in the form of a Committed Loan or a Money Market Loan. Tranche D Loans shall
      be
      denominated in US Dollars or any Alternative Currency.

     

    “Type”
      means, with respect to a Loan, its character as a Base Rate Loan, a Canadian
      Prime Rate Loan, a Eurocurrency Rate Loan, a Money Market LIBOR Loan or a Money
      Market Absolute Rate Loan.

     

    “UK
      Qualifying Lender”
      means (a) a Lender which is beneficially entitled to interest payable to that
      Lender in respect of a Loan to TFSUK and is (i) a Lender: (1) which is a bank
      (as defined for the purpose of section 349 ICTA) making an advance to TFSUK
      under this Agreement; or (2) in respect of an advance made under this Agreement
      to TFSUK by a person that was a bank (as defined for the purpose of section
      349
      ICTA) at the time the advance was

     

    
      
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    made,
      and which is within the charge to United Kingdom corporation tax as regards
      any
      payment of interest made in respect of that advance; or (ii) a Lender which
      is:
      (1) a company resident in the United Kingdom for United Kingdom tax purposes,
      (2) a company not so resident in the United Kingdom which carries on a trade
      in
      the United Kingdom through a permanent establishment and the payment falls
      to be
      brought into account in computing its chargeable profits (within the meaning
      given by section 11(2) ICTA); or (iii) a UK Treaty Lender, or (b) a US LLC
      Lender.

     

    “UK
      Treaty Lender”
      means a Lender which: 

     

    (i)
      is treated as a resident of a jurisdiction having a double taxation agreement
      with the  United
      Kingdom which makes provision for full exemption from Tax imposed by the
 United
      Kingdom on interest; and 

     

    (ii)
      does not carry on business in the United Kingdom through a permanent
      establishment  with
      which that Lender’s participation in respect of a Loan to TFSUK is effectively
 connected;
      and

     

    (iii)
      if a US Lender, is fully entitled to the benefits of the UK/US Treaty (or if
      not
      so  entitled,
      would have been so entitled but for its failure to be so fully entitled being
       attributable
      to (x) the status of or any action or omission of TFSUK or any affiliate
 thereof
      or to any relationship between the Lender and TFSUK or any affiliate thereof
      or
 (y)
      any steps taken pursuant to Section 9.16),

     

    provided
      that “UK Treaty Lender” shall mean any Lender in respect of a Loan to TFSUK, if
      such Lender becomes a Lender when an Event of Default has occurred and is
      continuing.

     

    “UK/US
      Treaty”
      means the convention between the Government of the United Kingdom of Great
      Britain and Northern Ireland and the Government of the United States of America
      for the avoidance of double taxation and the prevention of fiscal evasion with
      respect to taxes on income and on capital gains which is, on the date the
      relevant payment of interest on a Loan falls due, in force.

     

    “Unfunded
      Liabilities”
      means, with respect to any Plan at any time, the amount (if any) by which (i)
      the value of all benefit liabilities under such Plan, determined on a plan
      termination basis using the assumptions prescribed by the PBGC for purposes
      of
      Section 4044 of ERISA, exceeds (ii) the fair market value of all Plan assets
      allocable to such liabilities under Title IV of ERISA (excluding any accrued
      but
      unpaid contributions), all determined as of the then most recent valuation
      date
      for such Plan, but only to the extent that such excess represents a potential
      liability of a member of the ERISA Group to the PBGC or any other Person under
      Title IV of ERISA.

     

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

     

    “Unused
      Tranche A Commitment”
      means, with respect to any Tranche A Lender at any time (a) such Lender’s
      Tranche A Commitment at such time minus
      (b) the sum of (i) the 

     

    
      
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    aggregate
      principal amount of all Tranche A Loans made by such Lender and outstanding
      at
      such time plus
      (ii) such Lender’s Pro Rata Share of the aggregate principal amount of all Money
      Market Loans made to the Tranche A Borrowers pursuant to Section 2.3 and
      outstanding at such time plus
      (iii) such Lender’s Pro Rata Share of the aggregate principal amount of all
      Swing Line Loans made to the Tranche A Borrowers pursuant to Section 2.16 and
      outstanding at such time plus
      (iv) in the case of a Tranche A Lender that is (or has an Affiliate that is)
      a
      Tranche B Lender, such Tranche B Lender’s Pro Rata Share of the Total
      Outstandings applicable to TCPR in excess of US$400,000,000 plus
      (v) in the case of a Tranche A Lender that is (or has an Affiliate that is)
      a
      Tranche C Lender, such Tranche C Lender’s Pro Rata Share of the Total
      Outstandings applicable to TCCI in excess of US$366,666,667 plus
      (vi) in the case of a Tranche A Lender that is (or has an Affiliate that is)
      a
      Tranche D Lender, such Tranche D Lender’s Pro Rata Share of the Total
      Outstandings applicable to TLG in excess of US$166,666,667, provided,
      that the amounts set forth in clauses (iv), (v) and (vi) shall be decreased
      pro
      rata if the applicable Commitment is decreased as provided in Section 2.5 and
      shall be increased pro rata if the applicable Commitment is increased as
      provided in Section 2.14.

     

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

     

    “US
      Lender”
      means a Lender which is treated as resident (for the purposes of the UK/US
      Treaty) in the United States of America.

     

    “US
      LLC Lender”
      means a Lender in respect of a Loan to TFSUK which is a US limited liability
      company where each ultimate recipient of the interest payable to that Lender
      would be a UK Qualifying Lender pursuant to limb (a) of the definition of UK
      Qualifying Lender were that ultimate recipient a Lender in respect of that
      Loan.

     

    Section  1.2
      Other
      Interpretive Provisions.
      With reference to this Agreement and each other Loan Document, unless otherwise
      specified herein or in such other Loan Document:

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

    Section
      1.3 Accounting
      Terms.
      All accounting terms not specifically or completely defined herein shall be
      construed in conformity with, and all financial data required to be submitted
      pursuant to this Agreement shall be prepared in conformity with, GAAP applied
      on
      a consistent basis as in effect from time to time, applied in a manner
      consistent with that used in preparing the Audited Financial
      Statements.

     

    Section
      1.4 References
      to Agreements and Laws.
      Unless otherwise expressly provided herein, (a) references to Organization
      Documents, agreements (including the Loan Documents) and other contractual
      instruments shall be deemed to include all subsequent amendments, restatements,
      extensions, supplements and other modifications thereto; and (b) references
      to
      any Law shall include all statutory and regulatory provisions consolidating,
      amending, replacing, supplementing
      or interpreting such Law.

     

    Section  1.5
      Exchange
      Rates; Currency Equivalents.
      (a) The Administrative Agent shall determine the Spot Rates as of each
      Revaluation Date to be used for calculating Dollar Equivalent amounts of Loan
      and Outstanding Amounts denominated in Alternative Currencies. Such Spot Rates
      shall become effective as of such Revaluation Date and shall be the Spot Rates
      employed in converting any amounts between the applicable currencies until
      the
      next Revaluation Date to occur. Except for purposes of financial statements
      delivered by the Borrowers hereunder or calculating financial covenants
      hereunder or except as otherwise provided herein, the applicable amount of
      any
      currency (other than US Dollars) for purposes of the Loan Documents shall be
      such Dollar Equivalent amount as so determined by the Administrative
      Agent.

     

    (b) Wherever
      in this Agreement in connection with a Committed Borrowing, conversion,
      continuation or prepayment of a Eurocurrency Rate Loan, an amount, such as
      a
      required minimum or multiple amount, is expressed in US Dollars, but such
      Committed Borrowing or Eurocurrency Rate Loan is denominated in an Alternative
      Currency, such amount shall be the relevant Alternative Currency Equivalent
      of
      such US Dollar amount (rounded to the nearest unit of such Alternative Currency,
      with 0.5 of a unit being rounded upward), as determined by the Administrative
      Agent.

     

    Section  1.6
      Additional
      Alternative Currencies. (a)
      The Borrowers may from time to time request that Eurocurrency Rate Loans be
      made
      in a currency other than those specifically listed in the definition of

     

    
      
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    “Alternative
      Currency;” provided
      that such requested currency is a lawful currency (other than

     

    US
      Dollars) that is readily available and freely transferable and convertible
      into
      US Dollars. In the case of any such request with respect to the making of
      Eurocurrency Rate Loans, such request shall be subject to the approval of the
      Administrative Agent and the Lenders.

     

    (b) Any
      such request shall be made to the Administrative Agent not later than 11:00
      a.m., 20 Business Days prior to the date of the desired Committed Loan (or
      such
      other time or date as may be agreed by the Administrative Agent in its sole
      discretion). In the case of any such request pertaining to Eurocurrency Rate
      Loans, the Administrative Agent shall promptly notify each Lender thereof.
      Each
      Lender (in the case of any such request pertaining to Eurocurrency Rate Loans)
      shall notify the Administrative Agent, not later than 11:00 a.m., ten Business
      Days after receipt of such request whether it consents, in its sole discretion,
      to the making of Eurocurrency Rate Loans in such requested
      currency.

     

    (c) Any
      failure by a Lender to respond to such request within the time period specified
      in the preceding sentence shall be deemed to be a refusal by such Lender to
      permit Eurocurrency Rate Loans to be made in such requested currency. If the
      Administrative Agent and all the Lenders consent to making Eurocurrency Rate
      Loans in such requested currency, the Administrative Agent shall so notify
      the
      Borrowers and such currency shall thereupon be deemed for all purposes to be
      an
      Alternative Currency hereunder for purposes of any Committed Borrowings of
      Eurocurrency Rate Loans. If the Administrative Agent shall fail to obtain
      consent to any request for an additional currency under this Section
      1.6,
      the Administrative Agent shall promptly so notify the Borrowers.

     

    Section
      1.7 Change
      of Currency.
      (a) Each obligation of the Borrowers to make a payment denominated in the
      national currency unit of any member state of the European Union that adopts
      the
      Euro as its lawful currency after the date hereof shall be redenominated into
      Euro at the time of such adoption (in accordance with the EMU Legislation).
      If,
      in relation to the currency of any such member state, the basis of accrual
      of
      interest expressed in this Agreement in respect of that currency shall be
      inconsistent with any convention or practice in the London interbank market
      for
      the basis of accrual of interest in respect of the Euro, such expressed basis
      shall be replaced by such convention or practice with effect from the date
      on
      which such member state adopts the Euro as its lawful currency; provided
      that if any Committed Borrowing in the currency of such member state is
      outstanding immediately prior to such date, such replacement shall take effect,
      with respect to such Committed Borrowing, at the end of the then current
      Interest Period.

     

    (b) Each
      provision of this Agreement shall be subject to such reasonable changes of
      construction as the Administrative Agent may from time to time specify to be
      appropriate to reflect the adoption of the Euro by any member state of the
      European Union and any relevant market conventions or practices relating to
      the
      Euro. 

     

    (c) Each
      provision of this Agreement also shall be subject to such reasonable changes
      of
      construction as the Administrative Agent may from time to time specify to be
      appropriate to reflect a change in currency of any other country and any
      relevant market conventions or practices relating to the change in
      currency.

     

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

     

     

    ARTICLE
      II

     

    THE
      CREDITS

     

    Section
      2.1 Committed
      Loans.
      (a) Subject to the terms and conditions set forth herein, each Tranche A Lender
      severally agrees to make loans in US Dollars or in one or more Alternative
      Currencies (each such loan, a “Committed
      Tranche A Loan”)
      to the Tranche A Borrowers from time to time, on any Business Day during the
      Tranche A Availability Period, in an amount not to exceed the amount of such
      Lender’s Unused Tranche A Commitment at such time. Within the limits of each
      Lender's Unused Tranche A Commitment, and subject to the other terms and
      conditions hereof, the Tranche A Borrowers may borrow under this Section
      2.1(a),
      prepay under Section
      2.4,
      and reborrow under this Section
      2.1(a).
      Committed Tranche A Loans may be Base Rate Loans or Eurocurrency Rate
      Loans,
      as further provided herein. 

     

    (b) Subject
      to the terms and conditions set forth herein, each Tranche B Lender severally
      agrees to make loans in US Dollars or in one or more Alternative Currencies
      (each such loan, a “Committed
      Tranche B Loan”)
      to TCPR from time to time, on any Business Day during the Tranche B Availability
      Period, in an aggregate amount not to exceed at any time outstanding the amount
      of such Lender's Tranche B Commitment; provided,
      however,
      that after giving effect to any Committed Borrowing made by the Tranche B
      Lenders, (i) the Total Outstandings applicable to TCPR shall not exceed the
      Aggregate Tranche B Commitments, and (ii) the aggregate Outstanding Amount
      of
      the Committed Tranche B Loans of any Tranche B Lender plus such Lender’s ratable
      share of the Outstanding Amount of all Money Market Loans made to TCPR plus
      such
      Lender’s ratable share of the Outstanding Amount of all Swing Line Loans made to
      TCPR shall not exceed such Lender's Tranche B Commitment. Within the limits
      of
      each Lender's Tranche B Commitment, and subject to the other terms and
      conditions hereof, TCPR may borrow under this Section
      2.1(b),
      prepay under Section
      2.4,
      and reborrow under this Section
      2.1(b).
      Committed Tranche B Loans may be Base Rate Loans or Eurocurrency Rate Loans,
      as
      further provided herein. 

     

    (c) Subject
      to the terms and conditions set forth herein, each Tranche C Lender severally
      agrees to make loans to TCCI in US Dollars or in one or more Alternative
      Currencies, and (i) in the case of a Tranche C Lender willing and able to accept
      Drafts, to create acceptances (“Bankers’
      Acceptances”)
      by accepting Drafts and to purchase such Bankers’ Acceptances in accordance with
Section
      2.15(a)
      and (ii) in the case of a Tranche C Lender which is unwilling or unable to
      accept Drafts, to purchase completed Drafts, which will not be accepted by
      the
      Tranche C Lender or any other Tranche C Lender in accordance with Section
      2.15(a)
      from time to time, on any Business Day during the Tranche C Availability Period,
      in an aggregate amount not to exceed at any time outstanding the amount of
      such
      Lender’s Tranche C Commitment; provided,
      however,
      that after giving effect to any Committed Borrowing made by the Tranche C
      Lenders,

     

    
      
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    (i)
      the Total Outstandings applicable to TCCI shall not exceed the Aggregate Tranche
      C Commitments, and (ii) the aggregate Outstanding Amount of the Committed
      Tranche C Loans of any Tranche C Lender plus such Lender’s ratable share of the
      Outstanding Amount of all Swing Line Loans made to TCCI shall not exceed such
      Lender’s Tranche C Commitment. Within the limits of each Lender’s Tranche C
      Commitment, and subject to the other terms and conditions hereof, TCCI may
      borrow under this Section
      2.1(c),
      prepay under Section
      2.4,
      and reborrow under this Section
      2.1(c).
      Committed Tranche C Loans may be Base Rate Loans, Eurocurrency Rate Loans,
      Canadian Prime Rate Loans, Bankers’ Acceptances or BA Equivalent Notes, as
      further provided herein. 

     

    (d) Subject
      to the terms and conditions set forth herein, each Tranche D Lender severally
      agrees to make loans in US Dollars or in one or more Alternative Currencies
      (each such loan, a “Committed
      Tranche D Loan”)
      to TLG from time to time, on any Business Day during the Tranche D Availability
      Period, in an aggregate amount not to exceed at any time outstanding the amount
      of such Lender's Tranche D Commitment; provided,
      however,
      that after giving effect to any Committed Borrowing made by the Tranche D
      Lenders, (i) the Total Outstandings applicable to TLG shall not exceed the
      Aggregate Tranche D Commitments, and (ii) the aggregate Outstanding Amount
      of
      the Committed Tranche D Loans of any Tranche D Lender plus such Lender’s ratable
      share of the Outstanding Amount of all Money Market Loans made to TLG plus
      such
      Lender’s ratable share of the Outstanding Amount of all Swing Line Loans made to
      TLG shall not exceed such Lender's Tranche D Commitment. Within the limits
      of
      each Lender's Tranche D Commitment, and subject to the other terms and
      conditions hereof, TLG may borrow under this Section
      2.1(d),
      prepay under Section
      2.4,
      and reborrow under this Section
      2.1(d).
      Committed Tranche D Loans may be Base Rate Loans or Eurocurrency Rate Loans,
      as
      further provided herein.

     

    (e) After
      giving effect to Committed Loans made pursuant to this Section
      2.1,
      the aggregate Outstanding Amount of all Loans (other than Money Market Loans)
      made by such Lender or its Affiliates shall not exceed such Lender’s Commitment
      Cap.

     

    Section
      2.2 Borrowings,
      Conversions and Continuations of Committed Loans.

     

    (a) Each
      Committed Borrowing, each conversion of Committed Loans from one Type to the
      other, and each continuation of Eurocurrency Rate Loans shall be made upon
      the
      applicable Borrower's irrevocable notice to the Administrative Agent (or
      Canadian Sub-Agent, in the case of Tranche C), which may be given by telephone.
      Each such notice must be received by the Administrative Agent or the Canadian
      Sub-Agent, as applicable, not later than 10:00 a.m. (Pacific time), (i) three
      Business Days prior to the requested date of any Borrowing of, conversion to
      or
      continuation of Eurocurrency Rate Loans denominated in US Dollars or of any
      conversion of Eurocurrency Rate Loans denominated in US Dollars to Base Rate
      Loans, (ii) four Business Days (or five Business Days in the case of a Special
      Notice Currency) prior to the requested date of any Borrowing or continuation
      of
      Eurocurrency Rate Loans denominated in Alternative Currencies, (iii) on the
      requested date of any Borrowing of or conversion of Eurocurrency Rate Loans
      to
      Base Rate Committed Loans, (iv) on the requested date of any Borrowing of
      Canadian Prime Rate Loans and (v) as set forth in Section
      2.15(a)
      for Bankers’ Acceptances or BA Equivalent Notes.
      Each telephonic notice by a Borrower pursuant to this 

     

    
      
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    Section
      2.2(a)
      must be confirmed promptly by delivery to the Administrative Agent or Canadian
      Sub-Agent, as applicable, of a written Committed Loan Notice, appropriately
      completed and signed by a Responsible Officer or any other Person designated
      in
      writing by a Responsible Officer of such Borrower to the Administrative Agent
      or
      Canadian Sub-Agent, as applicable. Except as otherwise provided in Section
      2.15(a),
      each Borrowing of, conversion to or continuation of Loans shall be (x) for
      Loans
      other than Tranche C Loans denominated in Canadian Dollars, in a principal
      amount of US$50,000,000 or a whole multiple of US$5,000,000 in excess thereof
      (or the Dollar Equivalent thereof); provided
      that,
      in the case of TMFNL, such amount shall not be less than the Dollar Equivalent
      of EUR50,000 or (y) for Tranche C Loans denominated in Canadian Dollars, in
      a
      principal amount of CDN$5,000,000 or integral multiples of CDN$1,000,000 in
      excess thereof. Each Committed Loan Notice (whether telephonic or written)
      shall
      specify (i) whether the applicable Borrower is requesting a Committed Borrowing,
      a conversion of Committed Loans from one Type to the other, or a continuation
      of
      Eurocurrency Rate Loans, (ii) the requested date of the Borrowing, conversion
      or
      continuation, as the case may be (which shall be a Business Day), (iii) the
      principal amount of Committed Loans to be borrowed, converted or continued,
      (iv)
      the Type of Committed Loans to be borrowed or to which existing Committed Loans
      are to be converted, (v) if applicable, the duration of the Interest Period
      with
      respect thereto and (vi) the currency of the Committed Loans to be borrowed.
      If
      any Borrower fails to specify a currency in a Committed Loan Notice requesting
      a
      Borrowing, then the Committed Loans so requested shall be made in US Dollars.
      If
      any Borrower fails to specify a Type of Committed Loan in a Committed Loan
      Notice or if such Borrower fails to give a timely notice requesting a conversion
      or continuation, then the applicable Committed Loans shall be made as, or
      converted to, (x) in the case of Loans denominated in Canadian Dollars, Canadian
      Prime Rate Loans or (y) in the case of Loans denominated in a currency other
      than Canadian Dollars, Base Rate Loans in an amount being the Dollar Equivalent
      of such Loans; provided, however, that in the case of a failure to timely
      request a continuation of Committed Loans denominated in an Alternative Currency
      other than Canadian Dollars, such Loans shall be continued as Eurocurrency
      Rate
      Loans in their original currency with an Interest Period of one month. Any
      such
      automatic conversion to Base Rate Loans shall be effective as of the last day
      of
      the Interest Period then in effect with respect to the applicable Eurocurrency
      Rate Loans. If the applicable Borrower requests a Borrowing of, conversion
      to,
      or continuation of Eurocurrency Rate Loans in any such Committed Loan Notice,
      but fails to specify an Interest Period, it will be deemed to have specified
      an
      Interest Period of one month. No Committed Loan may be converted into or
      continued as a Committed Loan denominated in a different currency, but instead
      must be prepaid in the original currency of such Committed Loan and reborrowed
      in the other currency.

     

    (b) Following
      receipt of a Committed Loan Notice, the Administrative Agent shall promptly
      notify each appropriate Lender of the contents thereof and the amount
      (and currency) of its Pro Rata Share of the applicable Committed Loans, and
      if
      no timely notice of a conversion or continuation is provided by the applicable
      Borrower, the Administrative Agent shall notify each appropriate Lender of
      the
      details of any automatic conversion to Base Rate Loans or continuation of
      Committed Loans denominated in a currency other than US Dollars, in each case
      as
      described in the preceding subsection. In the case of a Committed Borrowing,
      each appropriate Tranche A Lender, Tranche B Lender and Tranche D Lender shall
      make the amount of its Committed Loan available to the Administrative Agent,
      and
      each appropriate Tranche C Lender shall make the amount of its Committed Loan
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    Same
      Day Funds at the Administrative Agent's
      Office for the applicable currency or the office of the Canadian Sub-Agent
      located in Toronto, Canada, as the case may be, not later than 1:00 p.m. on
      the
      Business Day specified, in the case of any Committed Loan denominated in US
      Dollars, and not later than the Applicable Time specified by the Administrative
      Agent in the case of any Committed Loan in an Alternative Currency in the
      applicable Committed Loan Notice. Upon satisfaction of the applicable conditions
      set forth in Section
      4.2,
      the Administrative Agent, or the Canadian Sub-Agent, as the case may be, shall
      make all funds so received available to the applicable Borrower in like funds
      as
      received by the Administrative Agent or the Canadian Sub-Agent either by (i)
      crediting the account of such Borrower on the books of Bank of America with
      the
      amount of such funds or (ii) wire transfer of such funds, in each case in
      accordance with instructions provided to (and reasonably acceptable to) the
      Administrative Agent or the Canadian Sub-Agent by such Borrower.

     

    (c) Except
      as otherwise provided herein, a Eurocurrency Rate Loan may be continued or
      converted only on the last day of an Interest Period for such Eurocurrency
      Rate
      Loan. During the existence of an Event of Default, no Loans may be requested
      as,
      converted to or continued as Eurocurrency Rate Loans (whether in US Dollars
      or
      any Alternative Currency) without the consent of the applicable Required
      Lenders, and the Required Lenders may demand that any or all of the then
      outstanding Eurocurrency Rate Loans denominated in an Alternative Currency
      be
      prepaid, or redenominated into US Dollars in the amount of the Dollar Equivalent
      thereof, on the last day of the then current Interest Period with respect
      thereto.

     

    (d) The
      Administrative Agent shall promptly notify the applicable Borrower and the
      appropriate Lenders of the interest rate applicable to any Interest Period
      for
      Eurocurrency Rate Loans upon determination of such interest rate. The
      determination of the Eurocurrency Rate by the Administrative Agent shall be
      conclusive in the absence of manifest error. At any time that Base Rate Loans
      are outstanding, the Administrative Agent shall notify the applicable Borrower
      and the appropriate Lenders of any change in Bank of America’s prime rate used
      in determining the Base Rate promptly following the public announcement of
      such
      change. At any time that Canadian Prime Rate Loans are outstanding, the Canadian
      Sub-Agent shall notify TCCI and the Tranche C Lenders of any change in the
      Canadian Prime Rate promptly following the public announcement of a change
      in a
      Canadian Reference Bank’s “prime rate” by any Canadian Reference
      Bank.

     

    (e) After
      giving effect to all Committed Borrowings, all conversions of Committed Loans
      from one Type to the other, and all continuations of Committed Loans as the
      same
      Type, there shall not be more than fifteen (15) Interest Periods in effect
      with
      respect to Committed Loans.

     

    Section 2.3
      Money
      Market Loans.

     

    (a) In
      addition to Committed Loans pursuant to Section
      2.1,
      the Tranche A Borrowers, TCPR or TLG may, as set forth in this Section, request
      the appropriate Lenders during the Tranche A Availability Period, the Tranche
      B
      Availability Period or the Tranche D Availability Period, as applicable, to
      make
      offers to make Money Market Loans in US Dollars to such Borrower; provided,
      however,
      that after giving effect to any Money Market Borrowing (i) the Total
      Outstandings applicable to the Tranche A Borrowers shall not exceed the
      Aggregate 

     

    
      
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    Tranche
      A Commitments, (ii) the Total Outstandings applicable to TCPR shall not exceed
      the Aggregate Tranche B Commitments and (iii) the Total Outstandings applicable
      to TLG shall not exceed the Aggregate Tranche D Commitments. The Lenders may,
      but shall have no obligation to, make such offers and the applicable Borrower
      may, but shall have no obligation to, accept any such offers in the manner
      set
      forth in this Section.

     

    (b) When
      any Tranche A Borrower, TCPR or TLG wishes to request offers to make Money
      Market Loans under this Section, it shall transmit to the Administrative Agent
      by facsimile transmission a Money Market Quote Request, appropriately completed
      and signed by a Responsible Officer or any other Person designated in writing
      by
      a Responsible Officer of such Borrower to the Administrative Agent, so as to
      be
      received no later than 9:00 a.m. on (x) the fourth Business Day prior to the
      date of Borrowing proposed therein, in the case of a LIBOR Auction or (y) the
      Business Day next preceding the date of Borrowing proposed therein, in the
      case
      of an Absolute Rate Auction (or, in either case, such other time or date as
      such
      Borrower and the Administrative Agent shall have mutually agreed and shall
      have
      notified to the Lenders not later than the date of the Money Market Quote
      Request for the first LIBOR Auction or Absolute Rate Auction for which such
      change is to be effective) specifying: (i) the proposed date of Borrowing,
      which
      shall be a Business Day, (ii) the aggregate amount of such Borrowing, which
      shall be US$50,000,000 or a larger multiple of US$5,000,000 (provided
      that, in case of TMFNL, the aggregate amount of such Borrowing shall not be
      less
      than the Dollar Equivalent of EUR 50,000),
      (iii) the duration of the Interest Period applicable thereto, subject to the
      provisions of the definition of Interest Period, and (iv) whether the Money
      Market Quotes requested are to set forth a Money Market Margin or a Money Market
      Absolute Rate. The applicable Borrower may request offers to make Money Market
      Loans for more than one Interest Period in a single Money Market Quote Request.
      No Money Market Quote Request shall be given within five Business Days (or
      such
      other number of days as such Borrower and the Administrative Agent may agree)
      of
      any other Money Market Quote Request.

     

    (c) Promptly
      upon receipt of a Money Market Quote Request, the Administrative Agent shall
      send to the appropriate Lenders by facsimile transmission an Invitation for
      Money Market Quotes, which shall constitute an invitation by the applicable
      Tranche A Borrower, TCPR or TLG, as applicable, to each Lender to submit Money
      Market Quotes offering to make the Money Market Loans to which such Money Market
      Quote Request relates in accordance with this Section.

     

    (d) (i)
       Each
      Tranche A Lender may submit a Money Market Quote containing an offer or offers
      to make Money Market Loans in response to any Invitation for Money Market Quotes
      made by a Tranche A Borrower, each Tranche B Lender may submit a Money Market
      Quote containing an offer or offers to make Money Market Loans in response
      to
      any Invitation for Money Market Quotes made by TCPR, and each Tranche D Lender
      may submit a Money Market Quote containing an offer or offers to make Money
      Market Loans in response to any Invitation for Money Market Quotes made by
      TLG.
      Each Money Market Quote must comply with the requirements of this subsection
      (d)
      and must be submitted to the Administrative Agent by facsimile transmission
      at
      the Administrative Agent's Office not later than (x) 1:00 p.m. on the fourth
      Business Day prior to the proposed date of Borrowing, in the case of a LIBOR
      Auction or (y) 9:00 a.m. on the proposed date of Borrowing, in the case of
      an
      Absolute Rate Auction (or, in either 

     

    
      
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    case,
      such other time or date as such Tranche A Borrower, TCPR or TLG, as applicable,
      and the Administrative Agent shall have mutually agreed and shall have notified
      to the Lenders not later than the date of the Money Market Quote Request for
      the
      first LIBOR Auction or Absolute Rate Auction for which such change is to be
      effective); provided that Money Market Quotes submitted by the Administrative
      Agent (or any Affiliate of the Administrative Agent) in the capacity of a Lender
      may be submitted, and may only be submitted, if the Administrative Agent or
      such
      Affiliate notifies such Borrower of the terms of the offer or offers contained
      therein not later than 15 minutes prior to the deadline for the other Lenders.
      Subject to Articles
      IV
      and VII,
      any Money Market Quote so made shall be irrevocable except with the written
      consent of the Administrative Agent given on the instructions of such Tranche
      A
      Borrower, TCPR or TLG, as applicable.

     

    (ii) Each
      Money Market Quote shall specify (A) the proposed date of Borrowing; (B) the
      principal amount of the Money Market Loan for which each such offer is being
      made, which principal amount (w) may be greater than or less than the Commitment
      of the quoting Lender, (x) must be US$5,000,000 or a larger multiple of
      US$1,000,000, (y) may not exceed the principal amount of Money Market Loans
      for
      which offers were requested and (z) may be subject to an aggregate limitation
      as
      to the principal amount of Money Market Loans for which offers being made by
      such quoting Lender may be accepted; (C) in the case of a LIBOR Auction, the
      margin above or below the applicable Eurocurrency Rate (the “Money
      Market Margin”)
      offered for each such Money Market Loan, expressed as a percentage (specified
      to
      the nearest 1/10,000th of 1%) to be added to or subtracted from such base rate;
      (D) in the case of an Absolute Rate Auction, the rate of interest per annum
      (specified to the nearest 1/10,000th of 1%) (the “Money
      Market Absolute Rate”)
      offered for each such Money Market Loan; and (E) the identity of the quoting
      Lender. A Money Market Quote may set forth up to five separate offers by the
      quoting Lender with respect to each Interest Period specified in the related
      Invitation for Money Market Quotes.

     

    (iii) Any
      Money Market Quote shall be disregarded if it (A) is not substantially in
      conformity with the definition thereof or does not specify all of the
      information required by subsection (d)(ii); (B) contains qualifying, conditional
      or similar language; (C) proposes terms other than or in addition to those
      set
      forth in the applicable Invitation for Money Market Quotes; or (D) arrives
      after
      the time set forth in subsection (d)(i).

     

    (e) The
      Administrative Agent shall promptly notify the applicable Tranche A Borrower,
      TCPR or TLG, as applicable, of the terms (i) of any Money Market Quote submitted
      by a Lender that is in accordance with subsection (d) and (ii) of any Money
      Market Quote that amends, modifies or is otherwise inconsistent with a previous
      Money Market Quote submitted by such Lender with respect to the same Money
      Market Quote Request. Any such subsequent Money Market Quote shall be
      disregarded by the Administrative Agent unless such subsequent Money Market
      Quote is submitted solely to correct a manifest error in such former Money
      Market Quote. The Administrative Agent's notice to the applicable Borrower
      shall
      specify (i) the aggregate principal amount of Money Market Loans for which
      offers have been received for each Interest Period specified in the related
      Money Market Quote Request, (ii) the respective principal amounts and Money
      Market Margins or Money Market Absolute Rates, as the case 

     

    
      
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    may
      be, so offered and (iii) if applicable, limitations on the aggregate principal
      amount of Money Market Loans for which offers in any single Money Market Quote
      may be accepted.

     

    (f) Not
      later than 9:00 a.m. on the third Business Day prior to the proposed date of
      Borrowing of Money Market LIBOR Loans or 10:00 a.m. on the Business Day of
      the
      proposed date of Borrowing of Money Market Absolute Rate Loans (or such other
      time or date as the applicable Borrower and the Administrative Agent shall
      have
      mutually agreed and shall have notified to the Lenders not later than the date
      of the Money Market Quote Request for the first LIBOR Auction or Absolute Rate
      Auction for which such change is to be effective), the applicable Tranche A
      Borrower, TCPR or TLG, as applicable, shall notify the Administrative Agent
      of
      its acceptance or non-acceptance of the offers so notified to it pursuant to
      subsection (e). In the case of acceptance, such notice (a “Notice
      of Money Market Borrowing”)
      shall specify the aggregate principal amount of offers for each Interest Period
      that are accepted. The applicable Borrower may accept any Money Market Quote
      in
      whole or in part; provided that (i) the aggregate principal amount of each
      Money
      Market Borrowing may not exceed the applicable amount set forth in the related
      Money Market Quote Request; (ii) the principal amount of each Money Market
      Borrowing must be US$50,000,000 or a larger multiple of US$5,000,000
      (provided
      that, in case of TMFNL, the aggregate amount of such Borrowing shall not be
      less
      than the Dollar Equivalent of EUR 50,000);
      and (iii) acceptance of offers may only be made on the basis of ascending Money
      Market Margins or Money Market Absolute Rates, as the case may be.

     

    (g) If
      offers are made by two or more Lenders with the same Money Market Margins or
      Money Market Absolute Rates, as the case may be, for a greater aggregate
      principal amount than the amount in respect of which such offers are accepted
      for the related Interest Period, the principal amount of Money Market Loans
      in
      respect of which such offers are accepted shall be allocated by the
      Administrative Agent among such Lenders as nearly as possible (in multiples
      of
      US$1,000,000, as the Administrative Agent may deem appropriate) in proportion
      to
      the aggregate principal amounts of such offers. Determinations by the
      Administrative Agent of the amounts of Money Market Loans shall be conclusive
      in
      the absence of manifest error.

     

    Section
      2.4 Prepayments.

     

    (a) The
      Tranche A Borrowers, TCPR and TLG may, upon notice to the Administrative Agent,
      and TCCI may, upon notice to the Canadian Sub-Agent, at any time or from time
      to
      time voluntarily prepay Committed Loans (other than Bankers’ Acceptances, Drafts
      and BA Equivalent Notes) or Money Market Loans made to it bearing interest
      at
      the Base Rate in whole or in part without premium or penalty; provided
      that (i) such notice must be received by the Administrative Agent or the
      Canadian Sub-Agent, as applicable, not later than 10:00 a.m. (Pacific time),
      (A)
      three Business Days prior to any date of prepayment of Eurocurrency Rate Loans
      denominated in US Dollars, (B) four Business Days (or five, in the case of
      prepayment of Loans denominated in Special Notice Currencies) prior to any
      date
      of prepayment of Eurocurrency Rate Loans denominated in Alternative Currencies
      and (C) on the date of prepayment of Base Rate or the Canadian Prime Rate
      Committed Loans or Money Market Loans bearing interest at the Base Rate pursuant
      to Section
      3.2;
      (ii) any prepayment of Loans other than Tranche C Loans denominated in Canadian
      Dollars shall be in a principal amount of US$50,000,000 or a whole multiple
      of
      US$1,000,000 in excess thereof; and (iii) any prepayment 

     

    
      
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    of
      Tranche C Loans denominated in Canadian Dollars shall be in a principal amount
      of CDN$5,000,000 or a whole multiple of CDN$500,000 in excess thereof. Except
      as
      provided in the preceding sentence, a Borrower may not prepay all or any portion
      of the principal amount of any Money Market Loan made to it prior to the last
      day of the Interest Period therefor. Each such notice shall specify the date
      and
      amount of such prepayment, whether the Loans to be prepaid are Committed Loans
      or Money Market Loans, and the Type(s) of Loans to be prepaid. The
      Administrative Agent or the Canadian Sub-Agent, as the case may be, will
      promptly notify each appropriate Lender of its receipt of each such notice
      and
      the contents thereof with respect to Committed Loans, and of the amount of
      such
      Lender's
      Pro Rata Share of such prepayment of such Committed Loans. The Administrative
      Agent will promptly notify each Lender that has made a Money Market Loan that
      is
      to be prepaid of the receipt by the Administrative Agent of each notice and
      the
      contents thereof with respect to such Money Market Loan and the contents thereof
      and of the amount of such prepayment of such Money Market Loan. If such notice
      is given by a Borrower, such Borrower shall make such prepayment and the payment
      amount specified in such notice shall be due and payable on the date specified
      therein. Any prepayment of a Eurocurrency Rate Loan shall be accompanied by
      all
      accrued interest thereon, together with any additional amounts required pursuant
      to Section
      3.5.
      Each such prepayment of Committed Loans shall be applied to the Committed Loans
      of the appropriate Lenders in accordance with their respective Pro Rata Shares.
      Each such prepayment of Money Market Loans shall be applied ratably to the
      Money
      Market Loans of the Lenders that made such Loans. 

     

    (b) (i)
      If for any reason the Total Outstandings applicable to the Tranche A Borrowers
      at any time exceed the Aggregate Tranche A Commitments then in effect, the
      Tranche A Borrowers shall immediately prepay Loans in an aggregate amount equal
      to such excess.
      (ii) If for any reason the Total Outstandings applicable to TCPR at any time
      exceed the Aggregate Tranche B Commitments then in effect, TCPR shall
      immediately prepay Loans in an aggregate amount equal to such excess. (iii)
      If
      for any reason the Total Outstandings applicable to TCCI at any time exceed
      the
      Aggregate Tranche C Commitments then in effect, TCCI shall (x) immediately
      prepay Loans in an aggregate amount equal to such excess and (y) to the extent
      necessary after TCCI has made all prepayments required pursuant to clause (x),
      cash collateralize the outstanding Bankers’ Acceptances, Drafts and BA
      Equivalent Notes in accordance with Section 2.15(n) in any aggregate amount
      sufficient to eliminate such excess. (iv) If for any reason the Total
      Outstandings applicable to TLG at any time exceed the Aggregate Tranche D
      Commitments then in effect, TLG shall immediately prepay Loans in an aggregate
      amount equal to such excess. 

     

    (c) Any
      Borrower may, upon notice to the Swing Line Agent (with a copy to the
      Administrative Agent), at any time or from time to time, voluntarily prepay
      Swing Line Loans made to it in whole or in part without premium or penalty;
      provided
      that (i) such notice must be received by the Swing Line Agent and the
      Administrative Agent not later than 10:00 a.m. (London, England time) in the
      case of any Swing Line Loans funded in Europe or 10:00 a.m. (Pacific time)
      in
      the case of any Swing Line Loans funded in North America on the date of the
      prepayment, and (ii) any such prepayment shall be in a minimum principal amount
      of US$1,000,000. Each such notice shall specify the date and amount of such
      prepayment. If such notice is given by the applicable Borrower, such Borrower
      shall make such prepayment and the payment amount specified in such notice
      shall
      be due and payable on the date specified therein.

     

    
      
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    (d) If
      the Administrative Agent notifies at any time (i) the Tranche A Borrowers that
      the Total Outstandings under the Tranche A Facility at such time exceed an
      amount equal to 105% of the Aggregate Commitments then in effect in respect
      of
      Tranche A, (ii) TCPR that the Total Outstandings under the Tranche B Facility
      at
      such time exceed an amount equal to 105% of the Aggregate Commitments then
      in
      effect in respect of Tranche B, (iii) TCCI that the Total Outstandings under
      the
      Tranche C Facility at such time exceed an amount equal to 105% of the Aggregate
      Commitments then in effect in respect of Tranche C, or (iv) TLG that the Total
      Outstandings under the Tranche D Facility at such time exceed an amount equal
      to
      105% of the Aggregate Commitments then in effect in respect of Tranche D, then
      in each case, within two Business Days after receipt of such notice, the
      applicable Borrower(s) shall prepay Loans and in an aggregate amount sufficient
      to reduce such Outstanding Amount as of such date of payment to an amount not
      to
      exceed 100% of the Aggregate Commitments then in effect in respect of such
      Tranche.

     

    (e) If
      at any time Section
      2.4(d)
      does not apply to any Tranche, and the Administrative Agent notifies the
      Borrowers that the aggregate of a Lender’s Tranche A Loans, Tranche B Loans,
      Tranche C Loans and Tranche D Loans plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
      exceeds such Lender’s Commitment Cap, then within two Business Days after
      receipt of such notice, then (i) the Tranche A Borrowers shall prepay Tranche
      A
      Loans in an aggregate amount sufficient to reduce the aggregate of such Lender’s
      Tranche A Loans, Tranche B Loans, Tranche C Loans and Tranche D Loans
plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
      to an amount not to exceed 100% of such Lender’s Commitment Cap then in effect,
      (ii) TCPR shall prepay Tranche B Loans in an aggregate amount sufficient to
      reduce the aggregate of such Lender’s Tranche A Loans, Tranche B Loans, Tranche
      C Loans and Tranche D Loans plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
      to an amount not to exceed 100% of such Lender’s Commitment Cap then in effect,
      (iii) TCCI shall prepay Tranche C Loans in an aggregate amount sufficient to
      reduce the aggregate of such Lender’s Tranche A Loans, Tranche B Loans, Tranche
      C Loans and Tranche D Loans plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
      to an amount not to exceed 100% of such Lender’s Commitment Cap then in effect
      and (iv) TLG shall prepay Tranche D Loans in an aggregate amount sufficient
      to
      reduce the aggregate of such Lender’s Tranche A Loans, Tranche B Loans, Tranche
      C Loans and Tranche D Loans plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans;
      provided that each Borrower shall be deemed to have met its obligations under
      this Section 2.4(e) once the aggregate amount of such Lender’s Tranche A Loans,
      Tranche B Loans, Tranche C Loans and Tranche D Loans plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
      has been reduced to an amount not greater than 100% of such Lender’s Commitment
      Cap then in effect.

     

    Section
      2.5 Termination
      or Reduction of Commitments.
      The Tranche A Borrowers may, upon notice to the Administrative Agent, terminate
      the Aggregate Tranche A Commitments, or from time to time permanently reduce
      the
      Aggregate Tranche A Commitments, TCPR may, upon notice to the Administrative
      Agent, terminate the Aggregate Tranche B Commitments, or from time to time
      permanently reduce the Aggregate Tranche B Commitments, TCCI may, upon notice
      to
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    Canadian
      Sub-Agent and the Administrative Agent, terminate the Aggregate Tranche C
      Commitments, or from time to time permanently reduce the Aggregate Tranche
      C
      Commitments and TLG may, upon notice to the Administrative Agent, terminate
      the
      Aggregate Tranche D Commitments, or from time to time permanently reduce the
      Aggregate Tranche D Commitments; provided
      that (i) any such notice shall be received by the Administrative Agent or the
      Canadian Sub-Agent, as applicable, not later than 10:00 a.m. (Pacific time),
      three Business Days prior to the date of termination or reduction, (ii) any
      such
      partial reduction shall be in an aggregate amount of US$25,000,000 or any whole
      multiple of US$5,000,000 in excess thereof, (iii) such Borrower shall not
      terminate or reduce such Aggregate Commitments if, after giving effect thereto
      and to any concurrent prepayments hereunder, the Total Outstandings applicable
      to such Borrower would exceed the Aggregate Commitments applicable to such
      Borrower, and (iv) if, after giving effect to any reduction of the Aggregate
      Commitments, the Swing Line Sublimit exceeds the amount of the Aggregate
      Commitments, such Sublimit shall be automatically reduced by the amount of
      such
      excess. The Administrative Agent will promptly notify the Lenders of any such
      notice of termination or reduction of the Aggregate Commitments. Any reduction
      of the Aggregate Commitments shall be applied to the applicable Commitment
      of
      each appropriate Lender according to its Pro Rata Share. All facility fees
      accrued for the account of the applicable Borrower until the effective date
      of
      any termination of the applicable Aggregate Commitments shall be paid on the
      effective date of such termination.

     

    Section
      2.6 Repayment
      of Loans.

     

    (a) Each
      Borrower shall repay to the Administrative Agent for the account of the Lenders
      on the Revolving Maturity Date applicable to such Borrower the aggregate
      principal amount of Loans made to it and outstanding on such date. 

     

    (b) Each
      Borrower shall repay each Money Market Loan made to it on the earlier to occur
      of (i) the last day of the Interest Period therefor and (ii) the Revolving
      Maturity Date applicable to such Borrower.

     

    (c) Each
      Borrower shall repay each Swing Line Loan made to it on the earlier to occur
      of
      (i) the date ten Business Days after such Loan is made and (ii) the Revolving
      Maturity Date applicable to such Borrower.

     

    Section
      2.7 Interest.

     

    (a) Subject
      to the provisions of subsection (b) below, (i) subject to Section
      3.2,
      each Eurocurrency Rate Loan shall bear interest on the outstanding principal
      amount thereof for each Interest Period at a rate per annum equal to the
      Eurocurrency Rate for such Interest Period plus
      the Applicable Rate plus
      in the case of a Eurocurrency Rate Loan of any Lender which is lent from a
      Lending Office in the United Kingdom or a Participating Member State, the
      Mandatory Cost; (ii) each Base Rate Committed Loan shall bear interest on the
      outstanding principal amount thereof from the applicable borrowing date at
      a
      rate per annum equal to the Base Rate plus
      the Applicable Rate; (iii) each Canadian Prime Rate Loan shall bear interest
      on
      the outstanding principal amount thereof from the applicable borrowing date
      at a
      rate per annum equal to the Canadian Prime Rate plus the Applicable Rate; (iv)
      each Swing Line Loan shall bear interest on the outstanding principal amount
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    equal
      to the Swing Line Rate; (v) subject to Section
      3.2,
      each Money Market LIBOR Loan shall bear interest on the outstanding principal
      amount thereof for the Interest Period applicable thereto at a rate per annum
      equal to the sum of the Eurocurrency Rate for such Interest Period plus
      or
      minus
      the Money Market Margin quoted by the Lender making such Loan; and (vi) each
      Money Market Absolute Rate Loan shall bear interest on the outstanding principal
      amount thereof for the Interest Period applicable thereto at a rate per annum
      equal to the Money Market Absolute Rate quoted by the Lender making such Loan.
      

     

    (b) If
      any amount payable by any Borrower under any Loan Document is not paid when
      due
      (without regard to any applicable grace periods), whether at stated maturity,
      by
      acceleration or otherwise, such amount shall thereafter bear interest at a
      fluctuating interest rate per annum at all times equal to the Default Rate
      to
      the fullest extent permitted by applicable Laws. Furthermore, upon the request
      of the applicable Required Lenders, while any Event of Default exists with
      respect to any Borrower, such Borrower shall pay interest on the principal
      amount of all outstanding Obligations of such Borrower hereunder at a
      fluctuating interest rate per annum at all times equal to the Default Rate
      to
      the fullest extent permitted by applicable Laws. Accrued and unpaid interest
      on
      past due amounts (including interest on past due interest) shall be due and
      payable on demand.

     

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

     

    Section
      2.8 Fees. 

     

    (a) Facility
      Fee.
      TMCC, for the account of the Borrowers, shall pay or cause to be paid (i) to
      the
      Administrative Agent for the account of each Tranche A Lender in accordance
      with
      its Pro Rata Share, a facility fee in US Dollars equal to the Applicable Rate
      times
      the actual daily amount of the Aggregate Tranche A Commitments, regardless
      of
      usage (or, if the Aggregate Tranche A Commitments have terminated, on the
      Outstanding Amount of all Tranche A Loans and Swing Line Loans made to the
      Tranche A Borrowers), which fee shall accrue at all times during the Tranche
      A
      Availability Period (and thereafter so long as any Tranche A Loans or Swing
      Line
      Loans made to any Tranche A Borrower remain outstanding), including at any
      time
      during which one or more of the conditions in Article
      IV
      is not met, (ii) to the Administrative Agent for the account of each Tranche
      B
      Lender in accordance with its Pro Rata Share, a facility fee in US Dollars
      equal
      to the Applicable Rate times
      the actual daily amount of the Aggregate Tranche B Commitments, regardless
      of
      usage (or, if the Aggregate Tranche B Commitments have terminated, on the
      Outstanding Amount of all Tranche B Loans and Swing Line Loans made to TCPR),
      which fee shall accrue at all times during the Tranche B Availability Period
      (and thereafter so long as any Tranche B Loans or Swing Line Loans made to
      TCPR
      remain outstanding), including at any time during which one or more of the
      conditions in Article
      IV
      is not met, (iii) to the Canadian Sub-Agent for the account of each Tranche
      C
      Lender in accordance with its Pro Rata Share, a facility fee in US Dollars
      equal
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    amount
      of the Aggregate Tranche C Commitments, regardless of usage (or, if the
      Aggregate Tranche C Commitments have terminated, on the Outstanding Amount
      of
      all Tranche C Loans and Swing Line Loans made to TCCI), which fee shall accrue
      at all times during the Tranche C Availability Period (and thereafter so long
      as
      any Tranche C Loans or Swing Line Loans made to TCCI remain outstanding),
      including at any time during which one or more of the conditions in Article
      IV
      is not met, and (iv) to the Administrative Agent for the account of each Tranche
      D Lender in accordance with its Pro Rata Share, a facility fee in US Dollars
      equal to the Applicable Rate times
      the actual daily amount of the Aggregate Tranche D Commitments, regardless
      of
      usage (or, if the Aggregate Tranche D Commitments have terminated, on the
      Outstanding Amount of all Tranche D Loans and Swing Line Loans made to TLG),
      which fee shall accrue at all times during the Tranche D Availability Period
      (and thereafter so long as any Tranche D Loans or Swing Line Loans made to
      TLG
      remain outstanding), including at any time during which one or more of the
      conditions in Article
      IV
      is not met. Facility fees shall be calculated quarterly in arrears, and are
      due
      and payable quarterly in arrears on the last Business Day of each March, June,
      September and December, commencing with the first such date to occur after
      the
      Closing Date, and on the Maturity Date (and, if applicable, thereafter on
      demand). Notwithstanding the above, the facility fees payable to each Lender
      shall be calculated with respect to such Lender’s Commitment Cap, such that in
      no event shall the aggregate amount of the facility fees paid to any Lender
      pursuant to this Section
      2.8(a)
      exceed the facility fees that would have been payable to such Lender if the
      aggregate amount of such Lender’s Commitments were equal to the amount of its
      Commitment Cap.

     

    (b) Other
      Fees. The
      Borrowers shall pay to the Arrangers and the Administrative Agent for their
      own
      respective accounts fees in the amounts and at the times specified in the Fee
      Letter. Such fees shall be fully earned when paid and shall not be refundable
      for any reason whatsoever.

     

    Section
      2.9 Computation
      of Interest and Fees.
      All computations (a) of interest for Base Rate Loans when the Base Rate is
      determined by Bank of America’s “prime rate” and (b) of interest for Canadian
      Prime Rate Loans shall be made on the basis of a year of 365 or 366 days, as
      the
      case may be, and actual days elapsed. All computations of Drawing Fees shall
      be
      made on the basis of a year of 365 or 366 days, as applicable, and the term
      to
      maturity of the applicable Draft. All computations of a Drawing Purchase Price
      shall be made on the basis of a year of 365 days, and the term to maturity
      of
      the applicable Draft. All other computations of fees and interest shall be
      made
      on the basis of a 360-day year and actual days elapsed (which results in more
      fees or interest, as applicable, being paid than if computed on the basis of
      a
      365-day year), or, in the case of interest in respect of Committed Loans
      denominated in Alternative Currencies as to which market practice differs from
      the foregoing, in accordance with such market practice. Interest shall accrue
      on
      each Loan for the day on which the Loan is made, and shall not accrue on a
      Loan,
      or any portion thereof, for the day on which the Loan or such portion is paid,
      provided
      that any Loan that is repaid on the same day on which it is made shall, subject
      to Section
      2.11(a),
      bear interest for one day.

     

    
      
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    Section
      2.10 Evidence
      of Debt.
      The Loans made by each Lender shall be evidenced by one or more accounts or
      records maintained by such Lender and by the Administrative Agent in the
      ordinary course of business. The accounts or records maintained by the
      Administrative Agent and each Lender shall be conclusive absent manifest error
      of the amount of the Loans made by the Lenders to each Borrower and the interest
      and payments thereon. Any failure to so record or any error in doing so shall
      not, however, limit or otherwise affect the obligation of any Borrower under
      the
      Loan Documents to pay any amount owing with respect to the Obligations of such
      Borrower. In the event of any conflict between the accounts and records
      maintained by any Lender and the accounts and records of the Administrative
      Agent in respect of such matters, the accounts and records of the Administrative
      Agent shall control in the absence of manifest error. Upon the request of any
      Lender made through the Administrative Agent, each Borrower shall execute and
      deliver to such Lender (through the Administrative Agent) a Note, which shall
      evidence such Lender's Loans in addition to such accounts or records. Each
      Lender may attach schedules to its Note and endorse thereon the date, Type
      (if
      applicable), amount, currency and maturity of its Loans and payments with
      respect thereto. 

     

    Section
      2.11 Payments
      Generally.

     

    (a) All
      payments to be made by the Borrowers shall be made without condition or
      deduction for any counterclaim, defense, recoupment or setoff. Except as
      otherwise expressly provided herein and except with respect to principal of
      and
      interest on Loans denominated in an Alternative Currency, all payments by the
      Borrowers hereunder shall be made to the Administrative Agent, for the account
      of the respective Lenders to which such payment is owed, at the applicable
      Administrative Agent’s
      (or in the case of Tranche C Lenders, the Canadian Sub-Agent’s) Office in US
      Dollars and in Same Day Funds not later than 2:00 p.m. (or in the case of the
      Tranche C Lenders, not later than 12:00 p.m.) on the date specified herein.
      Except as otherwise expressly provided herein, all payments by the Borrowers
      hereunder with respect to principal and interest on Loans denominated in an
      Alternative Currency shall be made to the Administrative Agent (or in the case
      of TCCI, the Canadian Sub-Agent), for the account of the respective Lenders
      to
      which such payment is owed, at the applicable Administrative Agent’s Office or
      Canadian Sub-Agent’s Office in such Alternative Currency and in Same Day Funds
      not later than the Applicable Time specified by the Administrative Agent on
      the
      dates specified herein. Except as otherwise expressly provided herein, all
      payments by (i) the Tranche A Borrowers, TCPR and TLG shall be made to the
      Administrative Agent and (ii) TCCI shall be made to the Canadian Sub-Agent,
      for
      the account of the respective Lenders to which such payment is owed. Without
      limiting the generality of the foregoing, the Administrative Agent may require
      that (x) any payment by any Borrower due under this Agreement, other than any
      payment to be made in respect of the Tranche C Facility, be made in the United
      States and (y) any payments to be made by TCCI in respect of the Tranche C
      Facility be made in Canada. If, for any reason, any Borrower is prohibited
      by
      any Law from making any required payment hereunder in an Alternative Currency,
      such Borrower shall make such payment in US Dollars in the Dollar Equivalent
      of
      the Alternative Currency payment amount. The Administrative Agent or the
      Canadian Sub-Agent, as the case may be, will promptly distribute to each Lender
      its Pro Rata Share (or other applicable share as provided herein) of such
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    received
      by wire transfer to such Lender's Lending Office. All payments received by
      the
      Administrative Agent or the Canadian Sub-Agent (i) after 2:00 p.m., in the
      case
      of payments in US Dollars, or (ii) after the Applicable Time specified by the
      Administrative Agent or the Canadian Sub-Agent, in the case of payments in
      an
      Alternative Currency, shall in each case be
      deemed received on the next succeeding Business Day and any applicable interest
      or fee shall continue to accrue. 

     

    (b) If
      any payment to be made by any Borrower shall come due on a day other than a
      Business Day, payment shall be made on the next following Business Day, and
      such
      extension of time shall be reflected in computing interest or fees, as the
      case
      may be. Whenever any payment hereunder in respect of Bankers’ Acceptances,
      Drafts or BA Equivalent Notes shall be stated to be due on a day other than
      a
      Canadian Business Day, such payment shall be made on the next succeeding
      Canadian Business Day.

     

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

     

    (i) if
      a Borrower failed to make such payment, each Lender shall forthwith on demand
      repay to the Administrative Agent or the Canadian Sub-Agent, as the case may
      be,
      the portion of such assumed payment that was made available to such Lender
      in
      Same Day Funds, together with interest thereon in respect of each day from
      and
      including the date such amount was made available by the Administrative Agent
      or
      the Canadian Sub-Agent to such Lender to the date such amount is repaid to
      the
      Administrative Agent or Canadian Sub-Agent in Same Day Funds at the Overnight
      Rate from time to time in effect; and

     

    (ii) if
      any Lender failed to make such payment, such Lender shall forthwith on demand
      pay to the Administrative Agent or the Canadian Sub-Agent, as the case may
      be,
      the amount thereof in Same Day Funds, together with interest thereon for the
      period from the date such amount was made available by the Administrative Agent
      or the Canadian Sub-Agent to the applicable Borrower to the date such amount
      is
      recovered by the Administrative Agent or the Canadian Sub-Agent (the
“Compensation
      Period”)
      at a rate per annum equal to the Overnight Rate from time to time in effect.
      If
      such Lender pays such amount to the Administrative Agent or the Canadian
      Sub-Agent, then such amount shall constitute such Lender's Loan included in
      the
      applicable Borrowing. If such Lender does not pay such amount forthwith upon
      the
      Administrative Agent's
      or the Canadian Sub-Agent’s demand therefor, the Administrative Agent or the
      Canadian Sub-Agent may make a demand therefor upon the applicable Borrower,
      and
      such Borrower shall pay such amount to the Administrative Agent or the Canadian
      Sub-Agent, together with interest thereon for the Compensation Period at a
      rate
      per annum equal to the rate of interest 

     

    
      
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    applicable
      to the applicable Borrowing. Nothing herein shall be deemed to relieve any
      Lender from its obligation to fulfill its Commitment or to prejudice any rights
      which the Administrative Agent, the Canadian Sub-Agent or any Borrower may
      have
      against any Lender as a result of any default by such Lender
      hereunder.

     

    A
      notice of the Administrative Agent or the Canadian Sub-Agent, as the case may
      be, to any Lender or any Borrower with respect to any amount owing under this
      subsection (c) shall be conclusive, absent manifest error.

     

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

     

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

     

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

     

    (g) For
      the purposes of the Interest
      Act
      (Canada) and disclosure under such act, whenever any interest or fees to be
      paid
      by TCCI under this Agreement is to be calculated on the basis of a period of
      time that is less than a calendar year, the yearly rate of interest to which
      the
      rate determined pursuant to such calculation is equivalent is the rate so
      determined multiplied by the number of days in the calendar year in which the
      same is to be ascertained and divided by the actual number of days in such
      period of time.

     

    (h) Notwithstanding
      any provision of this Agreement, in no event shall the aggregate “interest” (as
      defined in section 347 of the Criminal
      Code
      (Canada)) payable by TCCI under this Agreement exceed the effective annual
      rate
      of interest on the “credit advanced” (as defined in that section) under this
      Agreement lawfully permitted by that section and, if any payment, collection
      or
      demand pursuant to this Agreement in respect of “interest” (as defined in that
      section) payable by TCCI is determined to be contrary to the provisions of
      that
      section, such payment, collection or demand shall be deemed to have been made
      by
      mutual mistake of TCCI, the Administrative Agent and the Lenders and the amount
      of such payment or collection shall be refunded to TCCI. For the purposes of
      this Agreement, the effective annual rate of interest shall be determined in
      accordance with generally accepted actuarial practices and principles over
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    relevant
      term and, in the event of dispute, a certificate of a Fellow of the Canadian
      Institute of Actuaries appointed by the Administrative Agent will be
prima
      facie
      evidence of such rate.

     

    Section
      2.12 Sharing
      of Payments. If,
      other than as expressly provided elsewhere herein, any Lender shall obtain
      on
      account of the Committed Loans made by it to a Borrower, or the participations
      in Swing Line Loans held by it resulting in such Lender’s receiving payment of a
      proportion of the aggregate amount of such Committed Loans or participations
      and
      accrued interest thereon greater than its pro rata
      share thereof as provided herein, then the Lender receiving such greater
      proportion shall (a) notify the Administrative Agent or the Canadian Sub-Agent,
      as the case may be, of such fact, and (b) purchase from the other Lenders such
      participations in the Committed Loans and subparticipations in Swing Line Loans
      and Swing Line Loans made by them to such Borrower as shall be necessary to
      cause such purchasing Lender to share the excess payment in respect of such
      Committed Loans and Swing Line Loans pro rata with each of them; provided,
      however,
      that if all or any portion of such excess payment is thereafter recovered from
      the purchasing Lender under any of the circumstances described in Section
      9.6
      (including pursuant to any settlement entered into by the purchasing Lender
      in
      its discretion), such purchase shall to that extent be rescinded and each other
      Lender shall repay to the purchasing Lender the purchase price paid therefor,
      together with an amount equal to such paying Lender’s ratable share (according
      to the proportion of (i) the amount of such paying Lender’s required repayment
      to (ii) the total amount so recovered from the purchasing Lender) of any
      interest or other amount paid or payable by the purchasing Lender in respect
      of
      the total amount so recovered, without further interest thereon. Each Borrower
      agrees that any Lender so purchasing a participation or subparticipation from
      another Lender may, to the fullest extent permitted by Law, exercise all of
      its
      rights of payment (including any right of set-off, but subject to Section
      9.9)
      with respect to such participation or subparticipation as fully as if such
      Lender were the direct creditor of such Borrower in the amount of such
      participation or subparticipation. The Administrative Agent or the Canadian
      Sub-Agent, as the case may be, will keep records (which shall be conclusive
      and
      binding in the absence of manifest error) of participations or subparticipation
      purchased under this Section and will in each case notify the Lenders following
      any such purchases or repayments. Each Lender that purchases a participation
      or
      subparticipation pursuant to this Section shall from and after such purchase
      have the right to give all notices, requests, demands, directions and other
      communications under this Agreement with respect to the portion of the
      Obligations purchased to the same extent as though the purchasing Lender were
      the original owner of the Obligations purchased.

     

    Section
      2.13 Extension
      of Maturity Date. 

     

    (a) Not
      earlier than 60 days prior to, nor later than 30 days prior to, the first
      anniversary of the Closing Date, the Borrowers may, upon notice to the
      Administrative Agent (which shall promptly notify the appropriate Lenders),
      request a one year extension of the Revolving Maturity Date then in effect.
      Not
      earlier than 60 days prior to, nor later than 30 days prior to, the second
      anniversary of the Closing Date, the Borrowers may, upon notice to the
      Administrative Agent (which shall promptly notify the appropriate Lenders),
      request a one year extension of the Revolving Maturity Date then in effect.
      No
      earlier than 30 days prior to, nor later than 20 days prior to such anniversary
      of the Closing Date, each appropriate Lender shall

     

    
      
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    notify
      the Administrative Agent whether or not it consents to such extension (which
      consent may be given or withheld in such Lender’s sole and absolute discretion).
      Any Lender not responding within the above time period shall be deemed not
      to
      have consented to such extension. No later than 15 days prior to such
      anniversary, the Administrative Agent shall promptly notify the applicable
      Borrower and the appropriate Lenders of the Lenders’ responses. 

     

    (b) The
      Revolving Maturity Date applicable to the Borrowers shall be extended only
      if
      Lenders holding at least 51% of all outstanding commitments (after giving effect
      to any replacements of Lenders permitted herein) (the “Consenting
      Lenders”)
      have consented thereto. If so extended, the Revolving Maturity Date applicable
      to the Borrowers, as to the Consenting Lenders, shall be extended to a date
      one
      year from the Revolving Maturity Date then in effect, effective as of such
      existing Revolving Maturity Date (such existing Revolving Maturity Date being
      the “Revolving
      Extension Effective Date”).
      The Administrative Agent and the Borrowers shall promptly confirm to the Lenders
      such extension and the Revolving Extension Effective Date. As a condition
      precedent to such extension, each Borrower shall deliver to the Administrative
      Agent a certificate of such Borrower dated as of the Revolving Extension
      Effective Date (in sufficient copies for each appropriate Lender) signed by
      a
      Responsible Officer of such Borrower (i) certifying and attaching the
      resolutions adopted by the Borrower approving or consenting to such extension
      and (ii) certifying that, before and after giving effect to such extension,
      (A)
      the representations and warranties of such Borrower contained in Article
      V
      and the other Loan Documents are true and correct on and as of the Revolving
      Extension Effective Date, except to the extent that such representations and
      warranties specifically refer to an earlier date, in which case they are true
      and correct as of such earlier date, and except that for purposes of this
Section
      2.13,
      the representations and warranties contained in subsections (a) and (b) of
      Section
      5.4
      shall be deemed to refer to the most recent statements furnished pursuant to
      subsections (a) and (b), respectively, of Section
      6.1,
      and (B) no Default with respect to such Borrower exists. 

     

    (c) If
      any Lender declines, or is deemed to have declined, to consent to such
      extension, such Lender’s Commitment will be terminated on Revolving Extension
      Effective Date. Upon the Revolving Extension Effective Date, the Borrowers
      may
      accept commitments from third party financial institutions acceptable to the
      Administrative Agent and the swingline participants in an amount equal to the
      amount of the Commitment of any such declining Lender, provided that the
      Consenting Lenders shall have the right to increase their commitments up to
      the
      amount of such declining Lender's Commitment before the Borrowers shall be
      permitted to substitute any other financial institutions for such declining
      Lender.

     

    (d) This
      Section shall supersede any provisions in Section
      2.12
      or Section
      9.1
      to the contrary. 

     

    Section
      2.14 Increase
      in Commitments.

     

    (a) Provided
      there exists no Default applicable to a Borrower (or in the case of a Tranche
      A
      Borrower, provided there exists no Default applicable to any Tranche A
      Borrower), upon notice by such Borrower to the Administrative Agent (which
      shall
      promptly notify the appropriate Lenders), such Borrower may from time to time,
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    Aggregate
      Commitments applicable to such Borrower (or, in the case of a Tranche A
      Borrower, to all Tranche A Borrowers) to an amount (for all such requests)
      not
      exceeding (w) in the case of the Tranche A Commitments, US$9,066,666,667, (x)
      in
      the case of the Tranche B Commitments, US$666,666,667, (y) in the case of the
      Tranche C Commitments, US$666,666,667 and (z) in the case of the Tranche D
      Commitments, US$666,666,667; provided,
      that in no event shall the Aggregate Commitments applicable to all Borrowers
      exceed US$10,000,000,000. At the time of sending such notice, such Borrower
      (in
      consultation with the Administrative Agent) shall specify the time period within
      which each Lender is requested to respond (which shall in no event be less
      than
      10 Business Days from the date of delivery of such notice to the appropriate
      Lenders). Each appropriate Lender shall notify the Administrative Agent within
      such time period whether or not it agrees to increase its Commitment and, if
      so,
      whether by an amount equal to, greater than, or less than its Pro Rata Share
      of
      such requested increase. Any appropriate Lender not responding within such
      time
      period shall be deemed to have declined to increase its Commitment. The
      Administrative Agent shall notify the applicable Borrower (or, where a request
      was made by a Tranche A Borrower, all of the Tranche A Borrowers) and each
      appropriate Lender of the Lenders' responses to each request made hereunder.
      To
      achieve the full amount of a requested increase, the applicable Borrower may
      also invite additional Eligible Assignees to become Lenders pursuant to a
      joinder agreement in form and substance satisfactory to the Administrative
      Agent
      and its counsel; provided that the minimum commitment of each such Eligible
      Assignee is not less than US$25,000,000.. The consent of the Lenders is not
      required to increase the amount of the Aggregate Commitments pursuant to this
      Section, except that each appropriate Lender shall have the right to consent
      to
      an increase in the amount of its Commitment as set forth in this Section
      2.14(a).
      If the Lenders and Eligible Assignees do not agree to increase the applicable
      Aggregate Commitments by the amount requested by the applicable Borrower
      pursuant to this Section
      2.14(a),
      such Borrower may (i) withdraw its request for an increase in its entirety
      or
      (ii) accept, in whole or in part, the increases that have been offered.

     

    (b) If
      the applicable Aggregate Commitments are increased in accordance with this
      Section, the Administrative Agent and the applicable Borrower shall determine
      the effective date (the “Increase
      Effective Date”)
      and the final allocation of such increase. The Administrative Agent shall
      promptly notify the applicable Borrower and the appropriate Lenders of the
      final
      allocation of such increase and the Increase Effective Date. As a condition
      precedent to such increase, the applicable Borrower shall deliver to the
      Administrative Agent a certificate of such Borrower dated as of the Increase
      Effective Date (in sufficient copies for each appropriate Lender) signed by
      a
      Responsible Officer of such Borrower certifying that no Default applicable
      to
      such Borrower exists. The applicable Borrower shall prepay any Committed Loans
      outstanding on the Increase Effective Date (and pay any additional amounts
      required pursuant to Section
      3.5)
      to the extent necessary to keep the outstanding Committed Loans ratable with
      any
      revised Pro Rata Shares arising from any nonratable increase in the Commitments
      under this Section. 

    

    (c) This
      Section shall supersede any provisions in Sections
      2.12
      or 9.1
      to the contrary.

    

    Section
      2.15 Drawings
      of Bankers’ Acceptances, Drafts and BA Equivalent Notes.

     

    
      
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    (a) Request
      for Drawing.
      Each Drawing shall be made on notice, given not later than 11:00 A.M. (Toronto
      time) on a Canadian Business Day at least two Canadian Business Days prior
      to
      the date of the proposed Drawing, by TCCI to the Canadian Sub-Agent, which
      shall
      give each Tranche C Lender prompt notice thereof by telecopier. Each notice
      of a
      Drawing shall be in writing (including by telecopier), in substantially the
      form
      of Exhibit A-1 hereto, specifying therein the requested (i) date of such Drawing
      (which shall be a Canadian Business Day), (ii) aggregate Face Amount of such
      Drawing and (iii) initial BA Maturity Date for each Bankers’ Acceptance and
      Draft comprising part of such Drawing; provided,
      however,
      that, if the Canadian Sub-Agent determines in good faith (which determination
      shall be conclusive and binding upon TCCI) that the Drafts to be accepted and
      purchased (or purchased, as the case may be) as part of any Drawing cannot,
      due
      solely to the requested aggregate Face Amount thereof, be accepted and/or
      purchased ratably by the Tranche C Lenders in accordance with Section 2.01(c),
      then the aggregate Face Amount of such Bankers’ Acceptances to be created and
      purchased and Drafts to be purchased shall be reduced to such lesser amount
      as
      the Canadian Sub-Agent determines will permit such Drafts comprising part of
      such Drawing to be so accepted and purchased (or to be purchased, as the case
      may be). The Canadian Sub-Agent agrees that it will, as promptly as practicable,
      notify TCCI of the unavailability of Bankers’ Acceptances. Each Draft in
      connection with any requested Drawing (A) shall be in a minimum amount of
      CDN$5,000,000 or an integral multiple of CDN$1,000,000 in excess thereof, and
      (B) shall be dated the date of the proposed Drawing. Each Tranche C Lender
      shall, before 1:00 P.M. (Toronto time) on the date of each Drawing, (i) complete
      one or more Drafts in accordance with the related Committed Loan Notice, accept
      such Drafts and purchase the Bankers’ Acceptances created thereby for the
      Drawing Purchase Price; or (ii) complete one or more Drafts in accordance with
      the Drawing Notice and purchase such Drafts for the Drawing Purchase Price
      and
      shall, before 1:00 P.M. (Toronto time) on such date, make available for the
      account of its Applicable Lending Office to the Canadian Sub-Agent at its
      Canadian Sub-Agent’s Office, in same day funds, the Drawing Purchase Price
      payable by such Tranche C Lender for such Drafts less the Drawing Fee payable to
      such Tranche C Lender with respect thereto under Section 2.15(b). Upon the
      fulfillment of the applicable conditions set forth in Section 4.2, the Canadian
      Sub-Agent will make the funds it has received from the Tranche C Lenders
      available to TCCI at the applicable Canadian Sub-Agent’s Office.

     

    (b) Drawing
      Fees.
      TCCI shall, on the date of each Drawing and on the date of each renewal of
      any
      outstanding Bankers’ Acceptances or BA Equivalent Notes, pay to the Canadian
      Sub-Agent, in Canadian Dollars, for the ratable account of the Tranche C Lenders
      accepting Drafts and purchasing Bankers’ Acceptances or purchasing Drafts which
      have not been accepted by any Tranche C Lender, the Drawing Fee with respect
      to
      such Drafts.
      TCCI irrevocably authorizes each such Tranche C Lender to deduct the Drawing
      Fee
      payable with respect to each Draft of such Tranche C Lender from the Drawing
      Purchase Price payable by such Tranche C Lender in respect of such Draft in
      accordance with this Section 2.15 and to apply such amount so withheld to
      the payment of such Drawing Fee for the account of TCCI and, to the extent
      such
      Drawing Fee is so withheld and legally permitted to be so applied, TCCI’s
      obligations under the preceding sentence in respect of such Drawing Fee shall
      be
      satisfied.

     

    
      
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    (c)
       Limitations
      on Drawings.
      Anything in Section 2.15(a) to the contrary notwithstanding, TCCI may not
      select a Drawing if the obligation of the Tranche C Lenders to purchase and
      accept Bankers’ Acceptances shall then be suspended pursuant to
      Section 2.15(e) or 3.2(b).

     

    (d) Binding
      Effect of Committed Loan Notices.
      Each Committed Loan Notice for a Drawing shall be irrevocable and binding on
      TCCI. In the case of any proposed Drawing, TCCI shall indemnify each Tranche
      C
      Lender (absent any gross negligence by the Tranche C Lender) against any loss,
      cost or expense incurred by such Tranche C Lender as a result of any failure
      to
      fulfill on or before the date specified in the Committed Loan Notice for such
      Drawing the applicable conditions set forth in Section 4.2, including, without
      limitation, any loss, cost or expense incurred by reason of the liquidation
      or
      reemployment of deposits or other funds acquired by such Tranche C Lender to
      fund the Drawing Purchase Price to be paid by such Tranche C Lender for Drafts
      when, as a result of such failure, such Drafts are not issued on such date
      (but,
      in any event, excluding any loss of profit and the Drawing Fee applicable to
      such Drafts).

     

    (e) Circumstances
      Making Bankers’ Acceptances Unavailable.
      If the Canadian Sub-Agent in good faith determines that for any reason a market
      for Bankers’ Acceptances does not exist at any time or the Tranche C Lenders
      cannot for other reasons, after reasonable efforts, readily sell Bankers’
Acceptances or perform their other obligations under this Agreement with respect
      to Bankers’ Acceptances, the Canadian Sub-Agent will promptly so notify TCCI and
      each Tranche C Lender. Thereafter, TCCI’s right to request the acceptance and/or
      purchase of Drafts shall be and remain suspended until the Canadian Sub-Agent
      determines and notifies TCCI and each Tranche C Lender that the condition
      causing such determination no longer exists.

     

    (f) Presigned
      Draft Forms.
      To enable the Tranche C Lenders to create Bankers’ Acceptances or purchase
      Drafts, as the case may be, in accordance with Section 2.01(c) and this
      Section 2.15, TCCI hereby appoints each Tranche C Lender as its attorney to
      sign and endorse on its behalf (for the purpose of acceptance and/or purchase
      of
      Drafts pursuant to this Agreement), in handwriting or by facsimile or mechanical
      signature as and when deemed necessary by such Tranche C Lender, blank forms
      of
      Drafts. In this respect, it is each Tranche C Lender’s responsibility to
      maintain an adequate supply of blank forms of Drafts for acceptance under this
      Agreement. TCCI recognizes and agrees that all Drafts signed and/or endorsed
      on
      its behalf by a Tranche C Lender shall bind TCCI as fully and effectually as
      if
      signed in the handwriting of and duly issued by the proper signing officers
      of
      TCCI. Each Tranche C Lender is hereby authorized (for the purpose of acceptance
      and/or purchase of Drafts pursuant to this Agreement) to complete and issue
      such
      Drafts endorsed in blank in such face amounts as may be determined by such
      Tranche C Lender; provided
      that the aggregate amount thereof is equal to the aggregate amount of Drafts
      required to be purchased by such Tranche C Lender. On request by TCCI, a Tranche
      C Lender shall cancel all forms of Drafts which have been pre-signed or
      pre-endorsed by or on behalf of TCCI and which are held by such Tranche C Lender
      and have not yet been issued in accordance herewith. Each Tranche C Lender
      further agrees to retain such records in the manner and/or the statutory periods
      provided in the various Canadian provincial or federal statutes and regulations
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    shall
      maintain a record with respect to Drafts held by it in blank hereunder, voided
      by it for any reason, accepted and purchased by it hereunder, and cancelled
      at
      their respective maturities. Each Tranche C Lender agrees to provide such
      records to TCCI at TCCI’s expense upon request. Drafts shall be signed by a duly
      authorized officer or officers of TCCI or by its attorneys, including its
      attorneys appointed pursuant to this Section 2.15(f). Notwithstanding that
      any
      person whose signature appears on any Drafts as a signatory for TCCI may no
      longer be an authorized signatory for TCCI at the date of issuance of a Drafts
      ,
      such signature shall nevertheless be valid and sufficient for all purposes
      as if
      such authority had remained in force at the time of such issuance, and any
      such
      Drafts so signed shall be binding on TCCI.

     

    (g) Distribution
      of Bankers’ Acceptances.
      Bankers’ Acceptances and Drafts purchased by a Tranche C Lender in accordance
      with the terms of Section 2.01(c) and this Section 2.15 may, in such
      Tranche C Lender’s sole discretion, be held by such Tranche C Lender for its own
      account until the applicable BA Maturity Date or sold, rediscounted or otherwise
      disposed of by it at any time prior thereto in any relevant market
      therefor.

     

    (h) Failure
      to Fund in Respect of Drawings.
      The failure of any Tranche C Lender to fund the Drawing Purchase Price to be
      funded by it as part of any Drawing shall not relieve any other Tranche C Lender
      of its obligation hereunder to fund its Drawing Purchase Price on the date
      of
      such Drawing, but no Tranche C Lender shall be responsible for the failure
      of
      any other Tranche C Lender to fund the Drawing Purchase Price to be funded
      or
      made, as the case may be by such other Tranche C Lender on the date of any
      Drawing.

     

    (i) Issue
      of BA Equivalent Notes.
      TCCI shall, at the request of a Tranche C Lender, issue one or more non-interest
      bearing promissory notes (each a “BA
      Equivalent Note”)
      payable on the date of maturity of the unaccepted Draft referred to below,
      in
      such form as such Tranche C Lender may specify, in a principal amount equal
      to
      the Face Amount of, and in exchange for, any unaccepted Drafts which such
      Tranche C Lender has purchased or has arranged to have purchased in accordance
      with Section 2.1(c).

     

    (j) Payment,
      Conversion or Renewal of Bankers’ Acceptances.
      Upon the maturity of a Bankers’ Acceptance, Draft or BA Equivalent Note, TCCI
      may (i) elect to issue a replacement Bankers’ Acceptance, Draft or BA Equivalent
      Note by giving a Drawing Notice in accordance with Section 2.15(a), (ii) elect
      to have all or a portion of the Face Amount of such Bankers’ Acceptance, Draft
      or BA Equivalent Note converted to a Canadian Prime Rate Loan, by giving a
      Notice of Borrowing in accordance with Section 2.2, or (iii) pay, on or before
      10:00 a.m. (Toronto time) on the maturity date for such Bankers’ Acceptance,
      Draft or BA Equivalent Note, an amount in Canadian Dollars equal to the Face
      Amount of such Bankers’ Acceptance, Draft or BA Equivalent Note (notwithstanding
      that a Tranche C Lender may be the holder thereof at maturity). Any such payment
      shall satisfy TCCI’s obligations under the Bankers’ Acceptance, Draft or BA
      Equivalent Note to which it relates and the relevant Lender shall thereafter
      be
      solely responsible for the payment of such Bankers’ Acceptances, Drafts or BA
      Equivalent Notes.

     

    (k) Automatic
      Conversion.
      If TCCI fails to pay any Bankers’ Acceptance, Draft or BA Equivalent Note when
      due, or to issue a replacement Bankers’ Acceptance, Draft or BA Equivalent Note
      in the Face Amount of such Bankers’ Acceptance, Draft or BA Equivalent Note
      pursuant to Section 2.15 (j), the unpaid amount due and payable in respect
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    converted,
      as of such date, and without any necessity for TCCI to give a Notice of
      Borrowing in accordance with Section 2.2, to a Canadian Prime Rate Loan made
      by
      the Tranche C Lenders ratably under this Agreement and shall bear interest
      calculated and payable as provided in Section 2.7

     

    (l) Payment
      of Bankers Acceptances on Default.
      In
      the event that the maturity of outstanding Bankers’ Acceptances, Drafts and BA
      Equivalent Notes is accelerated pursuant to Section 6.01, TCCI shall pay to
      the
      Canadian Sub-Agent in Canadian Dollars in same-day funds the aggregate principal
      amount of all such Bankers’ Acceptances, Drafts and BA Equivalent Notes in
      satisfaction of its obligations in respect thereof.

     

    (m) Inconsistencies.
      In the event of any inconsistency between the provisions of this Section 2.15
      and any other provision of Article II with respect to Bankers’ Acceptances or BA
      Equivalent Notes, the provisions of this Section 2.15 shall
      prevail.

    

    Section
      2.16 Swing
      Line Loans.

     

    (a) The
      Swing Line.
      Subject to the terms and conditions set forth herein, each Swing Line Lender
      severally agrees, in reliance upon the agreements of the other Lenders set
      forth
      in this Section
      2.16
      to make loans in US Dollars or any Alternative Currency (each such loan, a
      “Swing
      Line Loan”)
      to the Borrowers from time to time on any Business Day during the Availability
      Period applicable to such Borrower in an aggregate amount not to exceed at
      any
      time outstanding (i) for each Swing Line Lender, such Swing Line Lender’s Swing
      Line Commitment or (ii) for all Swing Line Loans, the amount of the Swing Line
      Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated
      with the ratable share of the Outstanding Amount of Committed Loans and Money
      Market Loans of the Lender acting as Swing Line Lender, may exceed the amount
      of
      such Lender’s Commitments; provided,
      however,
      that after giving effect to any Swing Line Loan, (i) the Total Outstandings
      in respect of the Tranche A Borrowers, TCPR, TCCI or TLG, respectively, shall
      not exceed the applicable Aggregate Commitments, (ii) the aggregate
      Outstanding Amount of the Committed Loans of any Lender under the Tranche A
      Commitments, Tranche B Commitments, Tranche C Commitments or Tranche D
      Commitments, as applicable, plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
      to the applicable Borrower(s) shall not exceed such Lender’s Commitment
      applicable to such Borrower(s) and (iii) the aggregate Outstanding Amount of
      Committed Loans of any Lender under the Tranche A Facility, Tranche B Facility,
      Tranche C Facility and Tranche D Facility, plus
      such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
      shall not exceed such Lender’s Commitment Cap and provided,
      further,
      that the Borrowers shall not use the proceeds of any Swing Line Loan to
      refinance any outstanding Swing Line Loan. Each Swing Line Borrowing shall
      consist of borrowings made from the several Swing Line Lenders ratably to their
      respective Swing Line Commitments. Within the foregoing limits, and subject
      to
      the other terms and conditions hereof, the Borrowers may borrow under this
      Section
      2.16,
      prepay under Section
      2.4,
      and reborrow under this Section
      2.16.
      Immediately upon the making of a Swing Line Loan, each Lender shall be deemed
      to, and hereby irrevocably and unconditionally agrees to, purchase from the
      Swing Line Lender a risk participation in such Swing Line Loan in an amount
      equal to the product of such Lender’s ratable share times
      the amount of such Swing Line Loan.

     

    
      
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    (b) Borrowing
      Procedures.
      Each Swing Line Borrowing shall be made upon the applicable Borrower’s
      irrevocable notice to the Swing Line Agent and the Administrative Agent, which
      (x) in the case of Swing Line Loans requested by notice to the Administrative
      Agent, may be given by telephone and (y) in the case of Swing Line Loans
      requested by notice to the Swing Line Agent, may not be given by telephone,
      but
      may be given by facsimile, confirmed promptly by delivery to the Swing Line
      Agent and the Administrative Agent of an original Swing Line Loan Notice,
      appropriately completed and signed by a Responsible Officer of the applicable
      Borrower. Each such notice must be received by the Swing Line Agent and the
      Administrative Agent not later than 10:00 a.m. (London, England time) in
      the case of any Swing Line Loans to be funded in Europe or 10:00 a.m. (Pacific
      time) in the case of any Swing Line Loans to be funded in North America on
      the
      requested borrowing date, and shall specify (i) the amount and currency to
      be
      borrowed, which shall be a minimum of US$1,000,000 (or CDN$500,000 where the
      Swing Line Borrowing is requested by TCCI) (provided
      that, in case of TMFNL, such amount shall not be less than the Dollar Equivalent
      of EUR 50,000),
      and (ii) the requested borrowing date, which shall be a Business Day. Each
      such
      telephonic notice must be confirmed promptly by delivery to the Swing Line
      Agent
      and the Administrative Agent of a written Swing Line Loan Notice, appropriately
      completed and signed by a Responsible Officer of the applicable Borrower.
      Promptly after receipt by the Swing Line Agent of any telephonic Swing Line
      Loan
      Notice, the Swing Line Agent will confirm with the Administrative Agent (by
      telephone or in writing) that the Administrative Agent has also received such
      Swing Line Loan Notice and, if not, the Swing Line Agent will notify the
      Administrative Agent (by telephone or in writing) of the contents thereof,
      and
      will notify each Swing Line Lender (by telephone or in writing) of the contents
      thereof. Unless the Swing Line Agent has received notice (by telephone or in
      writing) from the Administrative Agent (including at the request of any Lender)
      prior to 2:00 p.m. (London, England time, in the case of any Swing Line Loan
      to
      be funded in Europe or New York City time, in the case of any Swing Line Loan
      to
      be funded in North America) on the date of the proposed Swing Line Borrowing
      (A)
      directing each Swing Line Lender not to make such Swing Line Loan as a result
      of
      the limitations set forth in the first proviso to the first sentence of
Section
      2.16(a),
      or (B) that one or more of the applicable conditions specified in Article
      IV
      is not then satisfied, then, subject to the terms and conditions hereof, each
      Swing Line Lender will, not later than 3:00 p.m. (London, England time, in
      the
      case of any Swing Line Loan to be funded in Europe or Pacific time, in the
      case
      of any Swing Line Loan to be funded in North America) on the borrowing date
      specified in such Swing Line Loan Notice, make the amount of its Swing Line
      Loan
      available to the applicable Borrower at its office by crediting the account
      of
      such Borrower on the books of the Swing Line Agent in Same Day Funds or as
      otherwise directed by such Borrower.

     

    (c) Refinancing
      of Swing Line Loans.

     

    (i) The
      Swing Line Lenders at any time in their respective sole and absolute discretion
      may direct the Swing Line Agent to request, on behalf of the applicable Borrower
      (and each Borrower hereby irrevocably authorizes the Swing Line Agent to so
      request on its behalf), that each Applicable Tranche Lender make a Base Rate
      Committed Loan for the account of such Borrower in an amount equal to such
      Lender’s ratable share of (A) the amount of Swing Line Loans made to such
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    the
      case of Swing Line Loans denominated in US Dollars, or (B) the Dollar Equivalent
      of the amount of Swing Line Loans made to such Borrower and then outstanding,
      in
      the case of Swing Line Loans denominated in any Alternative Currency. Such
      request shall be made in writing (which written request shall be deemed to
      be a
      Committed Loan Notice for purposes hereof) and in accordance with the
      requirements of Section
      2.2,
      without regard to the minimum and multiples specified therein for the principal
      amount of Base Rate Loans, but subject to the unutilized portion of the
      Aggregate Commitments and the conditions set forth in Section
      4.2.
      The Swing Line Agent shall furnish the applicable Borrower with a copy of the
      applicable Committed Loan Notice promptly after delivering such notice to the
      Administrative Agent or the Canadian Sub-Agent, as applicable. Each Applicable
      Tranche Lender shall make an amount equal to its ratable share of the amount
      specified in such Committed Loan Notice available to the Administrative Agent
      or
      the Canadian Sub-Agent, as applicable, in Same Day Funds for the account of
      the
      Swing Line Lenders at the Administrative Agent’s Office or the Canadian
      Sub-Agent’s Office, as applicable, for US Dollar-denominated payments not later
      than 1:00 p.m. on the day specified in such Committed Loan Notice, whereupon,
      subject to Section
      2.16(c)(ii),
      each Lender that so makes funds available shall be deemed to have made a Base
      Rate Committed Loan to the applicable Borrower in such amount. The
      Administrative Agent or the Canadian Sub-Agent, as applicable, shall remit
      the
      funds so received to the Swing Line Lenders.

     

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

     

    (iii) If
      any Applicable Tranche Lender fails to make available to the Administrative
      Agent or the Canadian Sub-Agent, as applicable, for the account of the Swing
      Line Lenders any amount required to be paid by such Lender pursuant to the
      foregoing provisions of this Section
      2.16(c)
      by the time specified in Section
      2.16(c)(i),
      the Swing Line Lenders shall be entitled to recover from such Lender (acting
      through the Administrative Agent or the Canadian Sub-Agent, as applicable),
      on
      demand, such amount with interest thereon for the period from the date such
      payment is required to the date on which such payment is immediately available
      to the Swing Line Lenders at a rate per annum equal to the applicable Overnight
      Rate from time to time in effect, plus any administrative, processing or similar
      fees customarily charged by the applicable Swing Line Lender in connection
      with
      the foregoing. If such Lender pays such amount (with interest and fees as
      aforesaid), the amount so paid shall constitute such Lender’s Committed Loan
      included in the relevant Committed Borrowing or funded participation in the
      relevant Swing Line Loan, as the case may be. A certificate of a Swing Line
      Lender submitted to any Lender (through the Administrative Agent or the Canadian
      Sub-Agent, as applicable) with respect to any amounts owing under this clause
      (iii) shall be conclusive absent manifest error.

     

    
      
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    (iv) Each
      Lender’s obligation to make Committed Loans or to purchase and fund risk
      participations in Swing Line Loans pursuant to this Section
      2.16(c)
      shall be absolute and unconditional and shall not be affected by any
      circumstance, including (A) any setoff, counterclaim, recoupment, defense or
      other right which such Lender may have against any Swing Line Lender, any
      Borrower or any other Person for any reason whatsoever, (B) the occurrence
      or
      continuance of a Default, or (C) any other occurrence, event or condition,
      whether or not similar to any of the foregoing; provided,
      however,
      that each Lender’s obligation to make Committed Loans pursuant to this
Section
      2.16(c)
      is subject to the conditions set forth in Section
      4.2.
      No such funding of risk participations shall relieve or otherwise impair the
      obligation of any Borrower to repay Swing Line Loans made to it, together with
      interest as provided herein.

     

    (d) Repayment
      of Participations.
      

     

    (i) At
      any time after any Lender has purchased and funded a risk participation in
      a
      Swing Line Loan, if the applicable Swing Line Lender receives any payment on
      account of such Swing Line Loan, the Swing Line Lender will promptly distribute
      to such Lender its ratable share thereof in the same funds as those received
      by
      such Swing Line Lender.

     

    (ii) If
      any payment received by a Swing Line Lender in respect of principal or interest
      on any Swing Line Loan is required to be returned by such Swing Line Lender
      under any of the circumstances described in Section
      9.6
      (including pursuant to any settlement entered into by such Swing Line Lender
      in
      its discretion), each Lender shall pay to such Swing Line Lender its ratable
      share thereof on demand of the Administrative Agent, plus interest thereon
      from
      the date of such demand to the date such amount is returned, at a rate per
      annum
      equal to the applicable Overnight Rate. The Administrative Agent will make
      such
      demand upon the request of the applicable Swing Line Lender. The obligations
      of
      the Lenders under this clause shall survive the payment in full of the
      Obligations and the termination of this Agreement.

     

    (e) Interest
      for Account of Swing Line Lenders.
      The Swing Line Agent shall be responsible for invoicing the applicable Borrower
      for interest on the Swing Line Loans. Until each Lender funds its Base Rate
      Committed Loan or risk participation pursuant to this Section
      2.16
      to refinance such Lender’s ratable share of any Swing Line Loan, interest in
      respect of such ratable share shall be solely for the account of the respective
      Swing Line Lenders.

     

    (f) Payments
      Directly to Swing Line Lender.
      Each Borrower shall make all payments of principal and interest in respect
      of
      the Swing Line Loans made directly to the Swing Line Agent, for the account
      of
      the respective Swing Line Lenders.

    

    

    ARTICLE
      III

    
      
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    TAXES,
      YIELD PROTECTION AND ILLEGALITY

    

    Section
      3.1 Taxes.

    

    (a) Any
      and all payments by any Borrower to or for the account of the Administrative
      Agent or any Lender under any Loan Document shall be made free and clear of
      and
      without deduction for any and all present or future Taxes. If any Borrower
      shall
      be required by any Laws to deduct any Taxes or Other Taxes from or in respect
      of
      any sum payable under any Loan Document to the Administrative Agent or any
      Lender, (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), each of the Administrative Agent and such Lender
      receives an amount equal to the sum it would have received had no such
      deductions been made, (ii) such Borrower shall make such deductions, (iii)
      such
      Borrower shall pay the full amount deducted to the relevant taxation authority
      or other authority in accordance with applicable Laws, and (iv) within 30 days
      after the date of such payment, such Borrower shall furnish to the
      Administrative Agent (which shall forward the same to such Lender) the original
      or a certified copy of a receipt evidencing payment thereof.

     

    (b) In
      addition, each Borrower agrees to pay to each appropriate Lender Other Taxes
      incurred by such Lender.

     

    (c) If
      any Borrower shall be required to deduct or pay any Taxes or Other Taxes from
      or
      in respect of any sum payable under any Loan Document to the Administrative
      Agent or any Lender, such Borrower shall also pay to the Administrative Agent
      or
      to such Lender, as the case may be, at the time interest is paid, such
      additional amount that the Administrative Agent or such Lender specifies is
      necessary to preserve the after-tax yield (after factoring in all taxes,
      including taxes imposed on or measured by net income) that the Administrative
      Agent or such Lender would have received if such Taxes or Other Taxes had not
      been imposed.

     

    (d) Each
      Borrower agrees to indemnify the Administrative Agent and each appropriate
      Lender for (i) the full amount of Taxes and Other Taxes (including any Taxes
      or
      Other Taxes imposed or asserted by any jurisdiction on amounts payable under
      this Section) paid by the Administrative Agent and such Lender, (ii) amounts
      payable under Section
      3.1(c)
      and (iii) any liability (including additions to tax, penalties, interest and
      expenses) arising therefrom or with respect thereto. Payment under this
      subsection (d) shall be made within 15 days after the date the Lender or the
      Administrative
      Agent makes a demand therefor. 

     

    (e) In
      the case of interest payments made by TKG, this Section
      3.1
      shall only apply to a Lender who is the beneficial owner of amounts received
      pursuant to this Agreement and has provided evidence to TKG: (i) that such
      Lender is a person (a corporate body or an individual) which is, for taxation
      purposes, resident outside of the territory of the Federal Republic of Germany,
      or (ii) if such Lender is a partnership, that all direct and indirect partners
      of that partnership are persons who are, for taxation purposes, resident outside
      of the territory of the Federal Republic of Germany, and does not hold any
      amounts received pursuant to this Agreement through a permanent establishment
      or
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    that
      such Lender qualifies as a credit institution or financial institution within
      the meaning of the German Banking Act (Kreditwesengesetz).

     

    (f) TFSUK
      is not required to pay additional amounts to a Lender (other than a new Lender
      pursuant to a request by a Borrower under Section
      9.16)
      pursuant to Section
      3.1(a)
      in respect of any Tax that is required by the United Kingdom to be withheld
      from
      a payment of interest on a Loan made to TFSUK if at the time the payment falls
      due (i) the relevant Lender is not a UK Qualifying Lender and that Tax would
      not
      have been required to be withheld had that Lender been a UK Qualifying Lender
      unless the reason that that Lender is not a UK Qualifying Lender is a change
      after the date on which it became a Lender under this Agreement in (or in the
      interpretation, administration or application of) any law or double taxation
      agreement or any published practice or published concession of any relevant
      Governmental Authority; or (ii) the relevant Lender is a UK Treaty Lender and
      TFSUK is able to demonstrate that that Tax is required to be withheld as a
      result of the failure of the relevant Lender to comply with its obligations
      under Section
      9.15(a).
      Any Lender which is a Lender in respect of a Loan to TFSUK and which is not,
      or
      ceases to be, a UK Qualifying Lender, for whatever reason, shall promptly notify
      the Administrative Agent and TFSUK.

     

    Section
      3.2 Illegality. 

    

    (a) If
      any Lender determines that any Regulatory Change occurring on or after the
      date
      of this Agreement has made it unlawful, or that any Governmental Authority
      has
      asserted that it is unlawful as a result of such Regulatory Change, for any
      Lender or its applicable Lending Office to make, maintain or fund Eurocurrency
      Rate Loans (whether denominated in US Dollars or an Alternative Currency) or
      Money Market LIBOR Loans, or to determine or charge interest rates based upon
      the Eurocurrency Rate, or any Governmental Authority has imposed material
      restrictions on the authority of such Lender to purchase or sell, or to take
      deposits of, US Dollars or any Alternative Currency in the applicable interbank
      market, then, on notice thereof by such Lender to the applicable Borrower
      through the Administrative Agent, any obligation of such Lender to make or
      continue Eurocurrency Rate Loans in the affected currency or currencies or,
      in
      the case of Eurocurrency Rate Loans in US Dollars, to convert Base Rate
      Committed Loans to Eurocurrency Rate Loans or to make a Money Market LIBOR
      Loan
      for which a Money Market Quote has been delivered shall be suspended until
      such
      Lender notifies the Administrative Agent and the applicable Borrower that the
      circumstances giving rise to such determination no longer exist (and such Lender
      shall give such notice promptly upon receiving knowledge that such circumstances
      no longer exist). If a Lender shall determine that it may not lawfully continue
      to maintain and fund any of its outstanding Eurocurrency Rate Loans or Money
      Market LIBOR Loans to maturity and shall so specify in a notice pursuant to
      the
      preceding sentence, upon receipt of such notice, the applicable Borrower shall,
      upon demand from such Lender (with a copy to the Administrative Agent), prepay
      or, if applicable and such Loans are denominated in US Dollars, convert all
      Eurocurrency Rate Loans or Money Market LIBOR Loans, as the case may be, of
      such
      Lender to Base Rate Loans, either on the last day of the Interest Period
      therefor, if such Lender may lawfully continue to maintain such Eurocurrency
      Rate Loans or Money Market LIBOR Loans to such day, or immediately, if such
      Lender may not lawfully continue to maintain such Eurocurrency Rate Loans.
      Upon
      any such prepayment or conversion, the applicable Borrower shall also pay
      accrued interest on the amount so prepaid or converted. Each Lender agrees
      to
      designate a different Lending Office if such designation will

    
      
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    avoid
      the need for such notice and will not, in the good faith judgment of such
      Lender, otherwise be materially
      disadvantageous to such Lender. 

    

    (b) Notwithstanding
      any other provision of this Agreement, if the introduction of or any change
      in
      the interpretation of any law or regulation shall make it unlawful, or any
      central bank or other governmental authority shall assert that it is unlawful,
      for any Tranche C Lender or its Lending Office to perform its obligations
      hereunder to complete and accept Drafts, to purchase Bankers’ Acceptances or to
      purchase Drafts or to continue to fund or maintain Bankers’ Acceptances or BA
      Equivalent Notes hereunder, then, on notice thereof and demand therefor by
      such
      Tranche C Lender to TCCI through the Administrative Agent (i) an amount
      equal to the aggregate Face Amount of all Bankers’ Acceptances, Drafts and BA
      Equivalent Notes outstanding at such time shall, upon such demand, be deposited
      by TCCI with the Administrative Agent in accordance with Section 2.15(l) until
      the BA Maturity Date of each such Bankers’ Acceptance, Drafts and BA Equivalent
      Note, (ii) upon the BA Maturity Date of any Bankers’ Acceptance, Draft or
      BA Equivalent Note in respect of which any such deposit has been made, the
      Administrative Agent shall be, and hereby is, authorized (without notice to
      or
      any further action by TCCI) to apply such amount (or the applicable portion
      thereof) to the payment of such Bankers’ Acceptance, Draft or (iii) the
      obligation of the Tranche C Lenders to complete and accept Drafts and purchase
      Bankers’ Acceptances and to purchase Drafts that have not been accepted by a
      Tranche C Lender shall be suspended until the Administrative Agent shall notify
      TCCI that such Tranche C Lender has determined that the circumstances causing
      such suspension no longer exist (and such Lender shall give such notice promptly
      upon receiving knowledge that such circumstances no longer exist).

    

    Section
      3.3 Inability
      to Determine Rates.
      If the applicable Required Lenders determine that for any reason in connection
      with any request for a Eurocurrency Rate Loan or a conversion to or continuation
      thereof that (a) deposits (whether in US Dollars or an Alternative Currency)
      are
      not being offered to banks in the applicable offshore interbank market for
      such
      currency for the applicable amount and Interest Period of such Eurocurrency
      Rate
      Loan, (b) adequate and reasonable means do not exist for determining the
      Eurocurrency Base Rate for any requested Interest Period with respect to a
      proposed Eurocurrency Rate Loan (whether denominated in US Dollars or an
      Alternative Currency) made to a Borrower, or (c) the Eurocurrency Base Rate
      for
      any requested Interest Period with respect to a proposed Eurocurrency Rate
      Loan
      made to a Borrower does not adequately and fairly reflect the cost to such
      Lenders of funding such Loan, the Administrative Agent will promptly so notify
      such Borrower and each Lender. Thereafter, the obligation of the appropriate
      Lenders to make or maintain Eurocurrency Rate Loans in the affected currency
      or
      currencies to such Borrower shall be suspended until the Administrative Agent
      (upon the instruction of the applicable Required Lenders) revokes such notice
      (which revocation shall be made promptly upon such instruction from the
      applicable Required Lenders). Upon receipt of such notice, the applicable
      Borrower may revoke any pending request for a Borrowing of, conversion to or
      continuation of Eurocurrency Rate Loans in the affected currency or currencies
      or, failing that, will be deemed to have converted such request into a request
      for a Committed Borrowing of Base Rate Loans in the amount specified
      therein.

    
      
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    Section
      3.4 Increased
      Cost and Reduced Return; Capital Adequacy;
      Reserves on Eurocurrency Rate Loans. 

    

    (a) If
      on or after (i) the date hereof, in the case of Eurocurrency Rate Loans,
      Bankers’ Acceptances, Drafts and BA Equivalent Notes, or (ii) the date that a
      Money Market Quote is given for a Money Market LIBOR Loan, any Lender determines
      that as a result of a Regulatory Change, there shall be a material increase
      in
      the cost to such Lender of agreeing to make or making, funding or maintaining
      Eurocurrency Rate Loans or Money Market LIBOR Loan or of purchasing, accepting,
      making or maintaining Bankers’ Acceptances or BA Equivalent Notes, or a
      reduction in the amount received or receivable by such Lender in connection
      with
      any Eurocurrency Rate Loan, Money Market LIBOR Loan, Bankers’ Acceptance Draft
      or BA Equivalent Note (excluding for purposes of this subsection (a) any such
      increased costs or reduction in amount resulting from (i) Taxes or Other Taxes
      (as to which Section
      3.1
      shall govern), (ii) changes in the basis of taxation of overall net income
      or
      overall gross income by the United States, Puerto Rico, Canada or any foreign
      jurisdiction or any political subdivision of either thereof under the Laws
      of
      which such Lender is organized or has its Lending Office, and (iii) reserve
      requirements utilized in the determination of the Eurocurrency Rate), then
      from
      time to time within 15 days of demand by such Lender (with a copy of such demand
      to the Administrative Agent), subject to Section
      3.4(c),
      the applicable Borrower shall pay to such Lender such additional amounts as
      will
      compensate such Lender for such increased cost or reduction.

    

    (b) If
      any Lender determines that the introduction of any Law after the date hereof
      regarding capital adequacy or any change therein or in the interpretation
      thereof, or compliance by such Lender (or its Lending Office) therewith
      (including determination that, for purposes of capital adequacy requirements,
      the Commitment of such Lender does not constitute a commitment with an original
      maturity of one year or less), has the effect of materially reducing the rate
      of
      return on the capital of such Lender or any corporation controlling such Lender
      as a consequence of such Lender's obligations hereunder (taking into
      consideration its policies with respect to capital adequacy and such Lender's
      desired return on capital), then from time to time upon demand of such Lender
      (with a copy of such demand to the Administrative Agent), subject to
Section
      3.4(c),the
      applicable Borrower shall pay within 15 days of demand by such Lender such
      additional amounts as will compensate such Lender for such reduction.

    

    (c) Promptly
      after receipt of knowledge of any Regulatory Change or other event that will
      entitle any Lender to compensation under this Section
      3.4,
      such Lender shall give notice thereof to the applicable Borrower and the
      Administrative Agent certifying the basis for such request for compensation
      in
      accordance with Section
      3.6(a)
      and designate a different Lending Office if such designation will avoid, or
      reduce the amount of, compensation payable under this Section
      3.4
      and will not, in the good faith judgment of such Lender, otherwise be materially
      disadvantageous to such Lender. Notwithstanding anything in Sections
      3.4(a)
      or 3.4(b)
      to the contrary, no Borrower shall be obligated to compensate any Lender for
      any
      amount arising or accruing before the earlier of (i) 180 days prior to the
      date
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    such
      Borrower and the Administrative Agent under this Section
      3.4(c)
      or (ii) the date such amount arose or began accruing (and such Lender did not
      know such amount was arising or accruing) as a result of the retroactive
      application of Regulatory Change or other event giving rise to the claim for
      compensation. 

    

    Section
      3.5 Funding
      Losses. Within
      15 days after delivery of the certificate described in the Section
      3.6(a)
      by any Lender (with a copy to the Administrative Agent) from time to time,
      each
      Borrower shall promptly compensate such Lender for and hold such Lender harmless
      from any loss, cost or expense incurred by it as a result of each of the
      following (except to the extent incurred by any Lender as a result of any action
      taken pursuant to Section
      3.2):
      

    

    (a) any
      continuation, conversion, payment or prepayment of any Loan made to such
      Borrower other than a Base Rate Loan or a Canadian Prime Rate Loan on a day
      other than the last day of the Interest Period for such Loan (whether voluntary,
      mandatory, automatic, by reason of acceleration, or otherwise);

    

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

    

    (c) any
      failure by any Borrower to make payment of any Loan (or interest due thereon)
      denominated in an Alternative Currency on its scheduled due date or any payment
      thereof in a different currency; or

     

    (d) any
      assignment of a Eurocurrency Rate Loan on a day other than the last day of
      the
      Interest Period therefor as a result of a request by such Borrower pursuant
      to
Section 9.16;

    

    including
      any foreign exchange loss and any loss or expense arising from the liquidation
      or reemployment of funds obtained by it to maintain such Loan or from fees
      payable to terminate the deposits from which such funds were obtained but
      excluding loss of margin for the period after which any such payment or failure
      to convert, borrow or prepay.
      The applicable Borrower shall also pay any customary administrative fees charged
      by such Lender in connection with the foregoing.

    Section
      3.6 Matters
      Applicable to all Requests for Compensation. 

    

    (a) A
      certificate of the Administrative Agent or any Lender claiming compensation
      under this Article
      III
      and setting forth in reasonable detail the additional amount or amounts to
      be
      paid to it hereunder shall be conclusive if prepared reasonably and in good
      faith. In determining such amount, the Administrative Agent or such Lender
      may
      use any reasonable averaging and attribution methods. 

    

    (b) If
      (i) the obligation of any Lender to make Eurocurrency Rate Loans shall be
      suspended pursuant to Section
      3.2
      or (ii) any Lender has demanded compensation under Section
      3.1
      or Section
      3.4
      with respect to Eurocurrency Rate Loans, the applicable Borrower may give

    
      
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    notice
      to such Lender through the Administrative Agent that, unless and until such
      Lender notifies such Borrower that the circumstances giving rise to such
      suspension or demand for compensation no longer exist, effective 5 Business
      Days
      after the date of such notice from such Borrower (A) all Loans which would
      otherwise be made by such Lender as Eurocurrency Rate Loans shall be made
      instead as Base Rate Loans (on which interest and principal shall be payable
      contemporaneously with the related Eurocurrency Rate Loans of the other
      Lenders), and (B) after each of such Lender's Eurocurrency Rate Loans has been
      repaid, all payments of principal which would otherwise be applied to
      Eurocurrency Rate Loans shall be applied to repay such Lender's Base Rate Loans
      instead.

    

    (c) If
      any Lender makes a claim for compensation or other payment under Section
      3.1
      or Section
      3.4
      or if any Lender determines that it is unlawful or impermissible for it to
      make,
      maintain or fund Eurocurrency Rate Loans or Money Market LIBOR Loans pursuant
      to
Section
      3.2,
      the applicable Borrower may replace such Lender in accordance with Section
      9.16.
      

    

    (d) Prior
      to giving notice pursuant to Section
      3.2
      or to demanding compensation or other payment pursuant to Section
      3.1
      or Section
      3.4,
      each Lender shall consult with the applicable Borrower and the Administrative
      Agent with reference to the circumstances giving rise thereto; provided that
      nothing in this Section
      3.6(d)
      shall limit the right of any Lender to require full performance by such Borrower
      of its obligations under such Sections.

    

     

    ARTICLE
      IV

     

    CONDITIONS

     

    Section
      4.1 Effectiveness.
      This Agreement shall become effective on the date that each of the following
      conditions shall have been satisfied:

     

    (a) Receipt
      by the Administrative Agent of the following, each of which shall be originals
      or facsimiles (followed promptly by originals) unless otherwise specified,
      each
      properly executed by a Responsible Officer of the applicable Borrower, each
      dated the Closing Date (or, in the case of certificates of governmental
      officials, a recent date before the Closing Date) and each in form and substance
      satisfactory to the Administrative Agent and its legal counsel:

    

    (i) executed
      counterparts of this Agreement, sufficient in number for distribution to the
      Administrative Agent, each Lender and each Borrower;

    

    (ii) a
      Note executed by each Borrower in favor of each Lender requesting a
      Note;

    

    (iii) such
      certificates of resolutions or other action, incumbency certificates and/or
      other certificates of Responsible Officers of each Borrower as the
      Administrative Agent may require evidencing the identity, authority and capacity
      of each Responsible Officer thereof authorized to act as a Responsible Officer
      in connection with this Agreement and the other Loan Documents;

    
      
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    (iv) such
      documents and certifications as the Administrative Agent may reasonably require
      to evidence that each Borrower is duly organized or formed, and that such
      Borrower is validly existing, in good standing and qualified to engage in
      business in its jurisdiction of organization;

    

    (v) a
      favorable opinion of O’Melveny & Myers LLP, counsel to TMCC, addressed to
      the Administrative Agent and each Lender, as to the matters and in the form
      set
      forth in Exhibit
      H;

    

    (vi) a
      favorable opinion of Pietrantoni Méndez & Alvarez LLP, counsel to the
      Administrative Agent, addressed to the Administrative Agent and each Lender,
      as
      to the matters and in the form set forth in Exhibit
      I-1;

    

    (vii) a
      favorable opinion of Stikeman Elliott LLP, counsel to TCCI, addressed to the
      Administrative Agent and each Lender, as to the matters and in the form set
      forth in Exhibit
      I-2;

    

    (viii) favorable
      opinions of Freshfields Bruckhaus Deringer, counsel to TMFNL, TFSUK, TKG and
      TLG, addressed to the Administrative Agent and each Lender, as to the matters
      and in the forms set forth in Exhibit
      I-3,
      Exhibit
      I-4
      and Exhibit
      I-5;

    

    (ix) a
      favorable opinion of Shearman & Sterling LLP, counsel to the Administrative
      Agent, addressed to the Administrative Agent and each Lender, as to the matters
      and in the form set forth in Exhibit
      J;
      

    

    (x) on
      the Closing Date, the following statements shall be true and the Administrative
      Agent shall have received for the account of each Lender a certificate of a
      Responsible Officer of each Borrower, stating that:

    

    (A)
      the representations and warranties contained in Article V hereof are
 correct
      on and as of the Closing Date; and

    

    (B)
      no event has occurred and is continuing that constitutes a Default;
      and

     

    (xi) such
      other assurances, certificates, documents or consents as the Administrative
      Agent, the Swing Line Lenders or the applicable Required Lenders reasonably
      may
      require.

    

    (b) Any
      fees required to be paid on or before the Closing Date shall have been
      paid.

    

    (c) Unless
      waived by the Administrative Agent, the Borrowers shall have paid all Attorney
      Costs of the Administrative Agent to the extent invoiced prior to or on the
      Closing Date, plus such additional amounts of Attorney Costs as shall constitute
      its reasonable estimate 

    
      
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    of
      Attorney Costs incurred or to be incurred by it through the closing proceedings
      (provided that such estimate shall not thereafter preclude a final settling
      of
      accounts between the Borrowers and the Administrative Agent).

    

    (d) The
      Borrowers shall have terminated the commitments, and paid in full all
      indebtedness, interest, fees and other amounts outstanding, under (i) the Five
      Year Credit Agreement dated as of March 29, 2006, among TMCC, TCPR, the lenders
      parties thereto, Bank of America, N.A., as syndication agent, The Bank of
      Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas and JPMorgan Chase Bank, N.A., as
      documentation agents, and Citicorp USA, Inc., as administrative agent for the
      lenders and (ii) the credit facilities of TMFNL and TFSUK listed on Schedule
      4.1(d)
      hereto. Each of the Lenders that is a party to any of the foregoing credit
      facilities hereby waives, upon execution of this Agreement, the requirement
      of
      prior notice under such credit agreement relating to the termination of
      commitments thereunder.

    

    Without
      limiting the generality of the provisions of Section
      8.3,
      for purposes of determining compliance with the conditions specified in this
      Section
      4.1,
      each Lender that has signed this Agreement shall be deemed to have consented
      to,
      approved or accepted or to be satisfied with, each document or other matter
      required thereunder to be consented to or approved by or acceptable or
      satisfactory to a Lender unless the Administrative Agent shall have received
      notice from such Lender prior to the proposed Closing Date specifying its
      objection thereto.

    

    Section
      4.2 Conditions
      to all Loans.
      The obligation of each Lender to honor any Request for Loans (other than a
      Committed Loan Notice requesting only a conversion of Committed Loans to the
      other Type, or a continuation of Eurocurrency Rate Loans) made by any Borrower
      is subject to the following conditions precedent:

    

    (a) The
      representations and warranties of such Borrower contained in Article
      V
      (except for the representations and warranties set forth in Section
      5.4(b),
      the accuracy of which it is expressly agreed shall not be a condition to making
      Loans) shall be true and correct on and as of the date of such Loan, except
      (A)
      to the extent that such representations and warranties specifically refer to
      an
      earlier date, in which case they shall be true and correct as of such earlier
      date, and (B) except that for purposes of this Section
      4.2,
      the representations and warranties contained in Section
      5.4(a)
      shall be deemed to refer to the most recent statements furnished from time
      to
      time pursuant to Section
      6.1(a).
      

    

    (b) No
      Default with respect to such Borrower shall exist, or would result from such
      proposed Loan.

    

    (c) The
      Administrative Agent, the Canadian Sub-Agent or Swing Line Agent, as applicable,
      shall have received a Request for Loans in accordance with the requirements
      hereof.

    

    Each
      Request for Loans (other than a Committed Loan Notice requesting only a
      conversion of Committed Loans to the other Type or a continuation of
      Eurocurrency Rate Loans) submitted by any Borrower shall be deemed to be a
      representation and warranty by such

    
      
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    Borrower
      that the conditions specified in Sections
      4.2(a)
      and (b)
      have been satisfied on and as of the date of the applicable Loans.

    

     

    ARTICLE
      V

     

    REPRESENTATIONS
      AND WARRANTIES

     

    Each
      Borrower represents and warrants to the Administrative Agent and the Lenders
      that:

     

    Section  5.1
      Corporate
      Existence and Power.
      Such Borrower is a corporation duly incorporated, validly existing and in good
      standing under the Laws of its jurisdiction or organization, and has all
      corporate powers and all material governmental licenses, authorizations,
      consents and approvals required to carry on its business as now conducted.
      Such
      Borrower is in compliance with all Laws except (i) where failure to be so could
      not reasonably be expected to cause a material adverse change in the business,
      financial position or results of operations of such Borrower and its
      Consolidated Subsidiaries considered as a whole or (ii) such requirement of
      Law
      or order, writ, injunction or decree is being contested in good faith by
      appropriate proceedings diligently conducted. 

     

    Section  5.2
      Corporate
      and Governmental Authorization: No Contravention.
      The execution, delivery and performance by such Borrower of this Agreement
      and
      each other Loan Document are within such Borrower's corporate powers, have
      been
      duly authorized by all necessary corporate action, require no action by or
      in
      respect of, or filing with, any Governmental Authority and do not contravene,
      or
      constitute a default under (i) any provision of applicable Law or of the
      Organization Documents of such Borrower or (ii) of any agreement, judgment,
      injunction, order, decree or other instrument binding upon such Borrower or
      any
      of its Subsidiaries where such default, individually or in the aggregate, would
      be reasonably likely to result in a material adverse change in the business,
      financial position or results of operations of such Borrower and its
      Subsidiaries, considered as a whole.

     

    Section  5.3
      Binding
      Effect.
      This Agreement constitutes a valid and binding agreement of such Borrower and
      each other Loan Document, when executed and delivered by such Borrower in
      accordance with this Agreement, will constitute a valid and binding obligation
      of such Borrower, in each case enforceable in accordance with its terms, except
      as may be limited by bankruptcy, insolvency, reorganization, moratorium or
      similar laws relating to or limiting creditors’ rights generally or by equitable
      principles relating to enforceability.

     

    Section  5.4
      Financial
      Information.

     

    (a) The
      Audited Financial Statements applicable to such Borrower (i) were prepared
      in
      accordance with GAAP consistently applied throughout the period covered thereby,
      except as otherwise expressly noted therein and (ii) fairly present, in
      conformity with GAAP consistently applied throughout the period covered thereby,
      except as otherwise expressly provided therein, (A) in the case of TMCC, the
      consolidated financial position of TMCC and its Consolidated 

     

    
      
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    Subsidiaries
      as of such date and their consolidated results of operations and cash flows
      for
      such fiscal year, (B) in the case of TFSUK, the consolidated financial position
      of TFSUK and its Consolidated Subsidiaries as of such date and their
      consolidated results of operations for such fiscal year , (C) in the case of
      TKG, the consolidated financial position of TKG and its Consolidated
      Subsidiaries as of such date and their consolidated results of operations for
      such fiscal year and (D) in the case of each other Borrower, the financial
      position of such Borrower as of such date and its results of operations and
      cash
      flow for such fiscal year.

     

    (b) Since
      the date of the Audited Financial Statements, there has been no material adverse
      change in the business, financial position or results of operations of such
      Borrower and its Consolidated Subsidiaries, considered as a whole.

     

    Section  5.5
      Litigation.
      There is no action, suit or proceeding pending against, or to the knowledge
      of
      such Borrower threatened against or affecting, such Borrower or any of its
      Subsidiaries before any court, arbiter, or Governmental Authority in which
      there
      is a reasonable likelihood of an adverse decision which could materially
      adversely affect the business, consolidated financial position or consolidated
      results of operations of such Borrower and its Subsidiaries, considered as
      a
      whole, or which contests the validity of this Agreement or any Loan
      Document.

     

    Section  5.6
      Compliance
      with ERISA.
      Each member of the ERISA Group has fulfilled its obligations under the minimum
      funding standards of ERISA and the Internal Revenue Code with respect to each
      Plan and is in compliance in all material respects with the presently applicable
      provisions of ERISA, the Internal Revenue Code and the Puerto Rico Code with
      respect to each Plan. No member of the ERISA Group has (i) sought a waiver
      of
      the minimum funding standard under Section 412 of the Internal Revenue Code
      in
      respect of any Plan, (ii) failed to make any contribution or payment to any
      Plan
      or Multiemployer Plan or in respect of any Benefit Arrangement, or made any
      amendment to any Plan or Benefit Arrangement, which has resulted or could result
      in the imposition of a lien or the posting of a bond or other security under
      ERISA or the Internal Revenue Code or (iii) incurred any liability under Title
      IV of ERISA other than a liability to the PBGC for premiums under Section 4007
      of ERISA.

     

    Section  5.7
      Taxes.
      Such Borrower and its Subsidiaries have filed all income tax returns required
      to
      be filed under the Code, the Puerto Rico Code and the ITA and all other material
      tax returns which are required to be filed by them and have paid all taxes,
      assessments, fees and other governmental charges due pursuant to such returns
      or
      pursuant to any assessment received by such Borrower or any Subsidiary, except
      any assessment that is being contested in good faith by appropriate proceedings
      diligently conducted and for which reserves have been provided in accordance
      with GAAP. The charges, accruals and reserves on the books of such Borrower
      and
      its Subsidiaries in respect of taxes or other governmental charges are, in
      the
      opinion of such Borrower, adequate.

     

    Section  5.8
      Subsidiaries.
      Each Significant Subsidiary of any Borrower is a Person duly organized, validly
      existing and in good standing under the Laws of its jurisdiction of
      incorporation, and has all organizational powers and all 

     

    
      
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    material
      governmental licenses, authorizations, consents and approvals required to carry
      on its business as now conducted.

     

    Section  5.9
      Not
      an Investment Company.
      Such Borrower is not an “investment company” within the meaning of the
      Investment Company Act of 1940, as amended.

     

    Section  5.10
      Disclosure.
      All written information heretofore furnished by such Borrower to the
      Administrative Agent or any Lender for purposes of or in connection with this
      Agreement or any transaction contemplated hereby is, and all such information
      hereafter furnished by such Borrower to the Administrative Agent or any Lender
      will, on the date as of which such information is delivered or certified, not
      contain any material misstatement of fact or omit to state any material fact
      necessary to make the statements therein, in light of the circumstances under
      which they were made, not misleading; provided
      that, with respect to projected financial information, the Borrowers represent
      only that such information was prepared in good faith based upon assumptions
      believed by them to be reasonable at the time (it being understood that
      projections are not to be viewed as facts and that actual results may differ
      significantly from such projections).

     

    Section  5.11
      Representations
      as to Non-US Obligors.
      Each
      of TMFNL, TFSUK, TKG, TCCI and TLG (each, a “Non-US
      Obligor”)
      additionally represents and warrants to the Administrative Agent and the Lenders
      that:

     

    (a) Such
      Non-US Obligor
      is subject to Laws with respect to its obligations under this Agreement and
      the
      other Loan Documents to which it is a party (collectively as to such Non-US
      Obligor, the “Applicable
      Non-US Obligor Documents”),
      and the execution, delivery and performance by such Non-US Obligor of the
      Applicable Non-US Obligor Documents constitute and will constitute private
      and
      commercial acts and not public or governmental acts. Neither such Non-US Obligor
      nor any of its property has any immunity from jurisdiction of any court or
      from
      any legal process (whether through service or notice, attachment prior to
      judgment, attachment in aid of execution, execution or otherwise) under the
      laws
      of the jurisdiction in which such Non-US Obligor is organized and existing
      in
      respect of its obligations under the Applicable Non-US Obligor
      Documents.

     

    (b) The
      Applicable Non-US Obligor Documents are in proper legal form under the Laws
      of
      the jurisdiction in which such Non-US Obligor is organized and existing for
      the
      enforcement thereof against such Non-US Obligor under the Laws of such
      jurisdiction, and to ensure the legality, validity, enforceability, priority
      or
      admissibility in evidence of the Applicable Non-US Obligor Documents. It is
      not
      necessary to ensure the legality, validity, enforceability, priority or
      admissibility in evidence of the Applicable Non-US Obligor Documents that the
      Applicable Non-US Obligor Documents be filed, registered or recorded with,
      or
      executed or notarized before, any court or other authority in the jurisdiction
      in which such Non-US Obligor is organized and existing or that any registration
      charge or stamp or similar tax be paid on or in respect of the Applicable Non-US
      Obligor Documents or any other document, 

     

    
      
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    except
      for (i) any such filing, registration, recording, execution or notarization
      as
      has been made or is not required to be made until the Applicable Non-US Obligor
      Document or any other document is sought to be enforced and (ii) any charge
      or
      tax as has been timely paid.

     

    (c) There
      is no tax, levy, impost, duty, fee, assessment or other governmental charge,
      or
      any deduction or withholding, imposed by any Governmental Authority in or of
      the
      jurisdiction in which such Non-US Obligor is organized and existing either
      (i)
      on or by virtue of the execution or delivery of the Applicable Non-US Obligor
      Documents or (ii) on any payment to be made by such Non-US Obligor pursuant
      to
      the Applicable Non-US Obligor Documents, except as has been disclosed to the
      Administrative Agent.

     

    (d) The
      execution, delivery and performance of the Applicable Non-US Obligor Documents
      executed by such Non-US Obligor are, under applicable foreign exchange control
      regulations of the jurisdiction in which such Non-US Obligor is organized and
      existing, not subject to any notification or authorization except (i) such
      as
      have been made or obtained or (ii) such as cannot be made or obtained until
      a
      later date (provided
      that any notification or authorization described in clause (ii) shall be made
      or
      obtained as soon as is reasonably practicable).

     

     

    ARTICLE
      VI

     

    COVENANTS

     

    Each
      Borrower agrees that, so long as any Lender has any Commitment hereunder to
      such
      Borrower or any Loan or any Obligation of such Borrower hereunder shall remain
      unpaid or unsatisfied:

     

    Section  6.1
      Information.
      Such Borrower will deliver to the Administrative Agent and each of the
      Lenders:

     

    (a) as
      soon as available and in any event within 180 days after the end of each fiscal
      year of such Borrower, a consolidated balance sheet of such Borrower and its
      Consolidated Subsidiaries as of the end of such fiscal year and the related
      consolidated statements of income and cash flows for such fiscal year (to the
      extent that such Borrower is required to prepare statements of cash flow in
      accordance with GAAP), setting forth in each case in comparative form the
      figures for the previous fiscal year, all reported on by independent public
      accountants of nationally recognized standing;

     

    (b) as
      soon as available and in any event within 60 days after the end of each of
      the
      first three quarters of each fiscal year of such Borrower, a consolidated
      balance sheet of such Borrower and its Consolidated Subsidiaries as of the
      end
      of such quarter and the related consolidated statements of income and cash
      flows
      for such quarter and for the portion of such Borrower's fiscal year ended at
      the
      end of such quarter setting forth in the case of such statements of income
      and
      cash flow in comparative form the figures for the corresponding quarter and
      the
      corresponding portion of such Borrower's fiscal year; provided,
      however, that no Borrower other than TMCC and TCPR shall be required to provide
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    this
      subsection
      (b);

     

    (c) simultaneously
      with the delivery of each set of financial statements referred to in subsection
      (a) above, a Compliance Certificate;

     

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

     

    (e) promptly
      after the same are available, copies of all annual registration statements
      (other than exhibits thereto, pricing supplements and any registration
      statements (x) on Form S-8 or its equivalent or (y) in connection with asset
      securitization transactions) and reports on Forms 10-K, 10-Q and 8-K (or their
      equivalents) which such Borrower shall have filed with the SEC under Section
      13
      or 15(d) of the Securities Exchange Act of 1934 and not otherwise required
      to be
      delivered to the Administrative Agent pursuant hereto;

     

    (f) within
      15 days after any officer of such Borrower at any time obtains knowledge that
      any representation or warranty set forth in Section
      5.6
      would not be true if made at such time, a certificate of the chief financial
      officer or the chief accounting officer of such Borrower setting forth the
      details thereof and the action which such Borrower is taking or proposes to
      take
      with respect thereto; 

     

    (g) promptly
      upon occurrence, notice of any announcement by a Rating Agency of a change
      in a
      Debt Rating that results or will result in a change in the Applicable Rate;
      and

     

    (h) from
      time to time such additional information regarding the financial position or
      business of such Borrower and its Subsidiaries as the Administrative Agent,
      at
      the request of any Lender, may reasonably request.

     

    Documents
      required to be delivered pursuant to Section
      6.1(a),
      (b)
      or (e)
      may be delivered electronically and if so delivered, shall be deemed to have
      been delivered on the date (i) on which such Borrower posts such documents,
      or
      provides a link thereto on such Borrower's website on the Internet at the
      website address listed on Schedule
      9.2;
      or (ii) on which such documents are posted on such Borrower's behalf on
      IntraLinks/IntraAgency or another relevant website, if any, to which each Lender
      and the Administrative Agent have access (whether a commercial, third-party
      website or whether sponsored by the Administrative Agent); provided
      that: (i) such Borrower shall deliver paper copies of such documents to the
      Administrative Agent or any Lender that requests such Borrower to deliver such
      paper copies until a written request to cease delivering paper copies is given
      by the Administrative Agent or such Lender and (ii) such Borrower shall notify
      (which may be by facsimile or electronic mail) the Administrative Agent, which
      shall notify the Lenders, of the posting of any such documents and provide
      to
      the Administrative Agent by electronic mail electronic versions (i.e.,
      soft copies) of such documents. The Administrative Agent shall have no
      obligation to request the delivery or to maintain copies of the documents
      referred to above, and in any event shall have no responsibility to monitor
      compliance by any Borrower with any such request for delivery, and each Lender
      shall be solely responsible for requesting delivery to it or maintaining its
      copies of such documents.

     

    
      
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    Each
      Borrower hereby acknowledges that (a) the Administrative Agent, the Sub-Agents
      and the Arrangers will make available to the Lenders materials and/or
      information provided by or on behalf of such Borrower hereunder (collectively,
      “Borrower
      Materials”)
      by posting the Borrower Materials on IntraLinks or another similar electronic
      system (the “Platform”)
      and (b) certain of the Lenders (each, a “Public
      Lender”)
      may have personnel who do not wish to receive material non-public information
      with respect to any of the Borrowers or their respective Affiliates, or the
      respective securities of any of the foregoing, and who may be engaged in
      investment and other market-related activities with respect to such Persons’
securities. The Administrative Agent, the Sub-Agents, the Arrangers and each
      Borrower hereby agree that (w) no Borrower Materials shall be made available
      to
      Public Lenders unless such Borrower has clearly and conspicuously marked such
      Borrower Materials “PUBLIC” which, at a minimum, shall mean that the word
“PUBLIC” shall appear prominently on the first page thereof; (x) by marking
      Borrower Materials “PUBLIC,” the Borrowers shall be deemed to have authorized
      the Administrative Agent, the Sub-Agents, the Arrangers and the Lenders to
      treat
      such Borrower Materials as not containing any material non-public information
      with respect to the Borrowers or their respective securities for purposes of
      United States Federal and state securities laws (provided, however, that to
      the
      extent such Borrower Materials constitute Information, they shall be treated
      as
      set forth in Section 9.8); (y) all Borrower Materials marked “PUBLIC” are
      permitted to be made available through a portion of the Platform designated
      “Public Investor;” and (z) the Administrative Agent, the Sub-Agents and the
      Arrangers shall treat any Borrower Materials that are not marked “PUBLIC” as
      being suitable only for posting on a portion of the Platform not designated
      “Public Investor.” 

    

    Section  6.2
      Maintenance
      of Property; Insurance.

     

    (a) Such
      Borrower will keep, and will cause each Significant Subsidiary to keep, all
      material property useful and necessary in its business in good working order
      and
      condition, ordinary wear and tear excepted.

     

    (b) Such
      Borrower will maintain, and will cause each Significant Subsidiary to maintain,
      with financially sound and reputable insurance companies insurance in at least
      such amounts and against at least such risks (and with such risk retention)
      as
      are usually insured against by companies of established repute engaged in the
      same or similar business as such Borrower or such Significant Subsidiary, and
      such Borrower will promptly furnish to the Administrative Agent and the Lenders
      such information as to insurance carried as may be reasonably requested in
      writing by the Administrative Agent.

     

    Section  6.3
      Conduct
      of Business and Maintenance of Existence.
      Such Borrower will continue, and will cause each Significant Subsidiary to
      continue, to engage in business of the same general type as conducted by such
      Borrower and its Significant Subsidiaries on the Closing Date, and business
      reasonably related or incidental thereto and will preserve, renew and keep
      in
      full force and effect, and will cause each Significant Subsidiary to preserve,
      renew and keep in full force and effect, their respective corporate existence
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    franchises
      necessary or desirable in the normal conduct of business; provided
      that nothing in this Section
      6.3
      shall prohibit (i) any merger or consolidation involving such Borrower which
      is
      permitted by Section
      6.6,
      (ii) the merger of a Significant Subsidiary into such Borrower or the merger
      or
      consolidation of a Significant Subsidiary with or into another Person if the
      corporation surviving such consolidation or merger is a Significant Subsidiary
      and if, in each case, after giving effect thereto, no Default with respect
      to
      such Borrower shall have occurred and be continuing or (iii) the termination
      of
      the corporate existence of any Significant Subsidiary if such Borrower in good
      faith determines that such termination is in the best interest of such Borrower
      and is not materially disadvantageous to the Lenders.

     

    Section  6.4
      Compliance
      with Laws.
      Such Borrower will comply, and cause each Significant Subsidiary to comply,
      in
      all material respects with all applicable Laws (including, without limitation,
      Environmental Laws and ERISA and the rules and regulations thereunder) except
      where the necessity of compliance therewith is contested in good faith by
      appropriate proceedings.

     

    Section  6.5
      Negative
      Pledge.
      Such Borrower will not pledge or otherwise subject to any lien any property
      or
      assets of such Borrower unless the Loans and the Obligations of such Borrower
      under this Agreement are secured by such lien equally and ratably with all
      other
      obligations secured thereby so long as such other obligations shall be so
      secured; provided,
      however,
      that such covenant will not apply to liens securing obligations which do not
      in
      the aggregate at any one time outstanding exceed 20% of Net Tangible Assets
      (as
      defined below) of such Borrower and its Consolidated Subsidiaries and also
      will
      not apply to:

     

    (a) the
      pledge of any assets of such Borrower to secure any financing by such Borrower
      of the exporting of goods to or between, or the marketing thereof in,
      jurisdictions other than the United States, Puerto Rico, Canada, the
      Netherlands, Germany and the United Kingdom in connection with which such
      Borrower reserves the right, in accordance with customary and established
      banking practice, to deposit, or otherwise subject to a lien, cash, securities
      or receivables, for the purpose of securing banking accommodations or as the
      basis for the issuance of bankers' acceptances or in aid of other similar
      borrowing arrangements;

     

    (b) the
      pledge of receivables of such Borrower payable in currencies other than US
      Dollars to secure borrowings in jurisdictions other than the United States,
      Puerto Rico, Canada, the Netherlands, Germany and the United
      Kingdom;

     

    (c) any
      deposit
      of assets
      of such
      Borrower in
      favor of any governmental bodies to secure progress, advance or other payments
      under a contract or statute;

     

    (d) any
      lien or charge on any property of such Borrower, tangible or intangible, real
      or
      personal, existing at the time of acquisition or construction of such property
      (including acquisition through merger or consolidation) or given to secure
      the
      payment of all or any part of the purchase or construction price thereof or
      to
      secure any indebtedness incurred prior to, at the time of, or within one year
      after, the acquisition or completion of construction thereof for the purpose
      of
      financing all or any part of the purchase or construction price
      thereof;

     

    
      
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    (e) bankers’
      liens or rights
      of offset;

     

    (f) any
      lien securing the performance of any contract or undertaking not directly or
      indirectly in connection with the borrowing of money, obtaining of advances
      or
      credit or the securing of debt, if made and continuing in the ordinary course
      of
      business;

     

    (g) any
      lien to secure nonrecourse obligations in connection with such Borrower's
      engaging in leveraged or single-investor lease transactions;

     

    (h) any
      lien to secure payment obligations with respect to (x) rate swap transactions,
      swap options, basis swaps, forward rate transactions, commodity swaps, commodity
      options, equity or equity index swaps, equity or equity index options, bond
      options, interest rate options, foreign exchange transactions, cap transactions,
      floor transactions, collar transactions, currency swap transactions,
      cross-currency rate swap transactions, currency options, credit protection
      transactions, credit swaps, credit default swaps, credit default options, total
      return swaps, credit spread transactions, repurchase transactions, reverse
      repurchase transactions,
      buy/sell-back transactions, securities lending transactions, weather index
      transactions, or forward purchases or sales of a security, commodity or other
      financial instrument or interest (including any option with respect to any
      of
      these transactions), or (y) transactions that are similar to those described
      above; 

     

                   
      (i) for the avoidance of doubt, any lien or security interest granted or arising
      in connection with a bona fide securitization transaction by which such
      Borrower sells vehicle loan receivables, vehicle installment contracts, vehicle
      leases (together with or without the underlying vehicles), and/or other
      receivables or assets, the records relating thereto and the proceeds, rights
      and
      benefits accruing to it thereunder (the “Securitized Assets”) and
      underlying vehicles if not included with the Securitized Assets to a trust
      or
      entity established for the purpose of, among other things, purchasing, holding
      or owning Securitized Assets; and

     

    (j) any
      extension, renewal or replacement (or successive extensions, renewals or
      replacements), in whole or in part, of any lien, charge or pledge referred
      to in
      the foregoing clauses (a) to (i), inclusive, of this Section 6.5;
provided, however, that the amount of any and all obligations and
      indebtedness secured thereby shall not exceed the amount thereof so secured
      immediately prior to the time of such extension, renewal or replacement and
      that
      such extension, renewal or replacement shall be limited to all or a part of
      the
      property which secured the charge or lien so extended, renewed or replaced
      (plus
      improvements on such property).

     

    “Net
      Tangible Assets”
      means, with respect to any Borrower, the aggregate amount of assets (less
      applicable reserves and other properly deductible items) of such Borrower and
      its Consolidated Subsidiaries after deducting therefrom all goodwill, trade
      names, trademarks, patents, unamortized debt discount and expense and other
      like
      intangibles of such Borrower and its Consolidated Subsidiaries, all as set
      forth
      on the most recent balance sheet of such Borrower and its Consolidated
      Subsidiaries prepared in accordance with GAAP.

     

    Section  6.6
      Consolidations.
      Mergers
      and Sales of Assets.
      (a) Such Borrower shall not consolidate with or merge into any other Person
      or

     

    
      
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    convey,
      transfer or lease (whether in one transaction or in a series of transactions)
      all or substantially all of its properties and assets to any Person,
      unless:

     

    (i) the
      Person formed by such consolidation or into which such Borrower is merged or
      the
      Person which acquires by conveyance or transfer, or which leases, all or
      substantially all of the properties and assets of such Borrower shall be a
      Person organized and existing under the Laws of the jurisdiction of organization
      of such Borrower, the United States of America, any State thereof, the District
      of Columbia or Puerto Rico or, in the case of TCCI, Canada or any province
      of
      Canada (the “Successor
      Corporation”)
      and shall expressly assume, by an amendment or supplement to this Agreement,
      signed by such Borrower and such Successor Corporation and delivered to the
      Administrative Agent, such Borrower's obligation with respect to the due and
      punctual payment of the principal of and interest on all the Loans made to
      such
      Borrower and the due and punctual payment of all other Obligations payable
      by
      such Borrower hereunder and the performance or observance of every covenant
      herein on the part of such Borrower to be performed or observed; 

     

    (ii) immediately
      after giving effect to such transaction and treating any indebtedness which
      becomes an obligation of such Borrower as a result of such transaction as having
      been incurred by such Borrower at the time of such transaction, no Default
      with
      respect to such Borrower shall have happened and be continuing;

     

    (iii) if,
      as a result of any such consolidation or merger or such conveyance, transfer
      or
      lease, properties or assets of such Borrower would become subject to a mortgage,
      pledge, lien, security interest or other encumbrance which would not be
      permitted by Section
      6.5
      hereof, such Borrower or the Successor Corporation, as the case may be, takes
      such steps as shall be necessary effectively to secure the Loans and the
      Obligations of such Borrower under this Agreement equally and ratably with
      (or
      prior to) all indebtedness secured thereby; and

     

    (iv) such
      Borrower has delivered to the Administrative Agent a certificate signed by
      an
      executive officer, together with a written opinion or opinions of counsel
      satisfactory to the Administrative Agent (who may be counsel to such Borrower),
      stating that such amendment or supplement to this Agreement complies with this
      Section
      6.6
      and that all conditions precedent herein provided for relating to such
      transaction have been complied with.

     

    (b) Upon
      any consolidation or merger or any conveyance, transfer or lease of all or
      substantially all of the properties and assets of such Borrower in accordance
      with Section
      6.6(a),
      the Successor Corporation shall succeed to, and be substituted for, and may
      exercise every right and power of, such Borrower under this Agreement and the
      Loans with the same effect as if the Successor Corporation had been named as
      a
      Borrower therein and herein, and thereafter, such Borrower, except in the case
      of a lease of such Borrower's properties and assets, shall be released from
      its
      liability as obligor on any of the Loans and under this Agreement.

     

    Section  6.7
      Use
      of Proceeds.
      The proceeds of the Loans made under this Agreement will be used by such
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    corporate
      purposes including, without limitation, the refunding of its maturing commercial
      paper. None of such proceeds will be used, directly or indirectly, for the
      purpose, whether immediate, incidental or ultimate of buying or carrying any
      “margin stock” within the meaning of Regulation U. During the Tranche A
      Availability Period, the Tranche B Availability Period, the Tranche C
      Availability Period and the Tranche D Availability Period, as applicable,
      subject to the other terms and conditions of this Agreement, such Borrower
      may
      request and use the proceeds of Loans of one Type to repay outstanding Loans
      of
      another Type.

     

     

    ARTICLE
      VII

     

    DEFAULTS

     

    Section  7.1
      Events
      of Default.
      If one or more of the following events (“Events of Default”) shall have occurred
      and be continuing with respect to a Borrower:

     

    (a) such
      Borrower shall fail to pay when due any principal of any Loan made to it or
      shall fail to pay within 5 days of the due date thereof any interest on any
      Loan, any fees or any other amount payable by it hereunder; 

     

    (b) such
      Borrower shall fail to observe or perform any covenant contained in Section
      6.1(d),
      Section
      6.5,
      Section
      6.6
      or Section
      6.7;

     

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

     

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

     

    (e) indebtedness
      for borrowed money of such Borrower or any of its Subsidiaries in an aggregate
      amount in excess of US$50,000,000 or its Dollar Equivalent shall not be paid
      when due or shall be accelerated prior to its stated maturity date and, within
      10 days after written notice thereof is given to such Borrower by the
      Administrative Agent, such indebtedness shall not be discharged or such
      acceleration shall not be rescinded or annulled; 

    

    (f) such
      Borrower or any Significant Subsidiary of such Borrower shall commence or
      consent to the commencement of any proceeding under any Debtor Relief Law,
      or
      makes an assignment for the benefit of creditors; or applies for or consents
      to
      the appointment of any receiver, trustee, custodian, conservator, liquidator,
      rehabilitator or similar officer for it or for all or any material part of
      its
      property; or any receiver, trustee, custodian, conservator, liquidator,
      rehabilitator or similar officer is appointed without the application or consent
      of such Person and the appointment continues undischarged or unstayed for 60
      calendar days; or any proceeding under any Debtor Relief Law relating to any
      such Person or to all or any material part of its 

     

    
      
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    property
      is instituted without the consent of such Person and continues undismissed
      or
      unstayed for 60 calendar days, or an order for relief is entered in any such
      proceeding; 

     

    (g) any
      member of the ERISA Group shall fail to pay when due an amount or amounts
      aggregating in excess of US$10,000,000 which it shall have become liable to
      pay
      under Title IV of ERISA; or notice of intent to terminate a Material Plan shall
      be filed under Title IV of ERISA by any member of the ERISA Group, any plan
      administrator or any combination of the foregoing; or the PBGC shall institute
      proceedings under Title IV of ERISA to terminate, to impose liability (other
      than for premiums under Section 4007 of ERISA) in respect of, or to cause a
      trustee to be appointed to administer any Material Plan; or a condition shall
      exist by reason of which the PBGC would be entitled to obtain a decree
      adjudicating that any Material Plan must be terminated; or there shall occur
      a
      complete or partial withdrawal from, or a default, within the meaning of Section
      4219(c)(5) of ERISA, with respect to, one or more Multiemployer Plans which
      could cause one or more members of the ERISA Group to incur a current payment
      obligation in excess of US$50,000,000;

     

    (h) judgments
      or orders for the payment of money in excess of US$50,000,000 or its Dollar
      Equivalent in the aggregate shall be rendered against such Borrower or any
      Significant Subsidiary of such Borrower and such judgments or orders shall
      continue unsatisfied and unstayed for a period of 30 days; or

     

    (i) such
      Borrower shall cease to be a TMC Consolidated Subsidiary;

     

    then,
      and in every such event, the Administrative Agent shall, at the request of,
      or
      may, with the consent of, the applicable Required Lenders and after notice
      to
      the applicable Borrower (i) terminate the commitment of each Lender to make
      Loans to such Borrower, and they shall thereupon terminate, and (ii) declare
      the
      unpaid principal amount of all outstanding Loans made to such Borrower, all
      interest accrued and unpaid thereon, and all other amounts owing or payable
      hereunder or under any other Loan Document by such Borrower to be immediately
      due and payable without presentment, demand, protest or other notice of any
      kind, all of which are hereby expressly waived by each Borrower; provided,
      however,
      that upon the occurrence of an actual or deemed entry of an order for relief
      with respect to any Borrower under the Bankruptcy Code of the United States,
      the
      obligation of each Lender to make Loans to such Borrower shall automatically
      terminate, the unpaid principal amount of all outstanding Loans made to such
      Borrower and all interest and other amounts as aforesaid shall automatically
      become due and payable.

     

    Section
      7.2 Application
      of Funds. After
      the exercise of remedies provided for in Section
      7.1
      (or after the Loans have automatically become immediately due and payable),
      any
      amounts received on account of the Obligations of any Borrower shall be applied
      by the Administrative Agent in the following order:

    

    First,
      to payment of that portion of the Obligations of such Borrower constituting
      fees, indemnities, expenses and other amounts (including Attorney Costs and
      amounts payable under Article
      III)
      payable to the Administrative Agent in its capacity as such;

    
      
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    Second,
      to payment of that portion of the Obligations of such Borrower constituting
      fees, indemnities and other amounts (other than principal and interest) payable
      to the appropriate Lenders (including Attorney Costs and amounts payable under
      Article
      III),
      ratably among them in proportion to the amounts described in this clause
Second
      payable to them;

    

    Third,
      to payment of that portion of the Obligations of such Borrower constituting
      accrued and unpaid interest on the Loans, ratably among the appropriate Lenders
      in proportion to the respective amounts described in this clause Third
      payable to them;

    

    Fourth,
      to payment of that portion of the Obligations of such Borrower constituting
      unpaid principal of the Loans, ratably among the appropriate Lenders in
      proportion to the respective amounts described in this clause Fourth
      held by them; and

    

    Last,
      the balance, if any, after all of the Obligations of such Borrower have been
      indefeasibly paid in full, to such Borrower or as otherwise required by
      Law.

    

    ARTICLE
      VIII

     

    

     

    THE
      ADMINISTRATIVE AGENT

     

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

    

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

    
      
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    Section
      8.3 Liability
      of Administrative Agent. No
      Agent-Related Person shall (a) be liable for any action taken or omitted to
      be
      taken by any of them under or in connection with this Agreement or any other
      Loan Document or the transactions contemplated hereby (except for its own gross
      negligence or willful misconduct in connection with its duties expressly set
      forth herein), or (b) be responsible in any manner to any Lender or participant
      for any recital, statement, representation or warranty made by any Borrower
      or
      any officer thereof, contained herein or in any other Loan Document, or in
      any
      certificate, report, statement or other document referred to or provided for
      in,
      or received by the Administrative Agent under or in connection with, this
      Agreement or any other Loan Document, or the validity, effectiveness,
      genuineness, enforceability or sufficiency of this Agreement or any other Loan
      Document, or for any failure of any Borrower or any other party to any Loan
      Document to perform its obligations hereunder or thereunder. No Agent-Related
      Person shall be under any obligation to any Lender or participant to ascertain
      or to inquire as to the observance or performance of any of the agreements
      contained in, or conditions of, this Agreement or any other Loan Document,
      or to
      inspect the properties, books or records of any Borrower or any Affiliate
      thereof.

    

    Section
      8.4 Reliance
      by Administrative Agent. 

    

    The
      Administrative Agent shall be entitled to rely, and shall be fully protected
      in
      relying, upon any writing, communication, signature, resolution, representation,
      notice, consent, certificate, affidavit, letter, facsimile or telephone message,
      electronic mail message, statement or other document or conversation believed
      by
      it to be genuine and correct and to have been signed, sent or made by the proper
      Person or Persons, and upon advice and statements of legal counsel (including
      counsel to the Borrowers), independent accountants and other experts selected
      by
      the Administrative Agent. The Administrative Agent shall be fully justified
      in
      failing or refusing to take any action under any Loan Document unless it shall
      first receive such advice or concurrence of the applicable Required Lenders
      as
      it deems appropriate and, if it so requests, it shall first be indemnified
      to
      its satisfaction by the Lenders against any and all liability and expense which
      may be incurred by it by reason of taking or continuing to take any such action.
      The Administrative Agent shall in all cases be fully protected in acting, or
      in
      refraining from acting, under this Agreement or any other Loan Document in
      accordance with a request or consent of the applicable Required Lenders (or
      such
      greater number of Lenders as may be expressly required hereby in any instance)
      and such request and any action taken or failure to act pursuant thereto shall
      be binding upon all the Lenders.

    

    Section
      8.5 Notice
      of Default. The
      Administrative Agent shall not be deemed to have knowledge or notice of the
      occurrence of any Default, except with respect to defaults in the payment of
      principal, interest and fees required to be paid to the Administrative Agent
      for
      the account of the Lenders, unless the Administrative Agent shall have received
      written notice from a Lender or a Borrower referring to this Agreement,
      describing such Default and stating that such notice is a “notice of default.”
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    Administrative
      Agent shall take such action with respect to such Default as may be directed
      by
      the applicable Required Lenders in accordance with Article
      VII;
      provided,
      however,
      that unless and until the Administrative Agent has received any such direction,
      the Administrative Agent may (but shall not be obligated to) take such action,
      or refrain from taking such action, with respect to such Default as it shall
      deem advisable or in the best interest of the Lenders.

     

    Section
      8.6 Credit
      Decision; Disclosure of Information by Administrative Agent. Each
      Lender acknowledges that no Agent-Related Person has made any representation
      or
      warranty to it, and that no act by the Administrative Agent hereafter taken,
      including any consent to and acceptance of any assignment or review of the
      affairs of any Borrower or any Affiliate thereof, shall be deemed to constitute
      any representation or warranty by any Agent-Related Person to any Lender as
      to
      any matter, including whether Agent-Related Persons have disclosed material
      information in their possession. Each Lender acknowledges that it has,
      independently and without reliance upon any Agent-Related Person and based
      on
      such documents and information as it has deemed appropriate, made its own
      appraisal of and investigation into the business, prospects, operations,
      property, financial and other condition and creditworthiness of each Borrower,
      and all applicable bank or other regulatory Laws relating to the transactions
      contemplated hereby, and made its own decision to enter into this Agreement
      and
      to extend credit to a Borrower hereunder. Each Lender also acknowledges that
      it
      will, independently and without reliance upon any Agent-Related Person and
      based
      on such documents and information as it shall deem appropriate at the time,
      continue to make its own credit analysis, appraisals and decisions in taking
      or
      not taking action under this Agreement and the other Loan Documents, and to
      make
      such investigations as it deems necessary to inform itself as to the business,
      prospects, operations, property, financial and other condition and
      creditworthiness of each Borrower. Except for notices, reports and other
      documents expressly required to be furnished to the Lenders by the
      Administrative Agent herein, the Administrative Agent shall not have any duty
      or
      responsibility to provide any Lender with any credit or other information
      concerning the business, prospects, operations, property, financial and other
      condition or creditworthiness of any Borrower or any of its Affiliates which
      may
      come into the possession of any Agent-Related Person.

    

    Section
      8.7 Indemnification
      of Administrative Agent.
      Whether or not the transactions contemplated hereby are consummated, the Lenders
      shall indemnify upon demand each Agent-Related Person (to the extent not
      reimbursed by or on behalf of the Borrowers and without limiting the obligation
      of the Borrowers to do so), pro rata, and hold harmless each Agent-Related
      Person from and against any and all Indemnified Liabilities incurred by it;
      provided,
      however,
      that no Lender shall be liable for the payment to any Agent-Related Person
      of
      any portion of such Indemnified Liabilities to the extent determined in a final,
      nonappealable judgment by a court of competent jurisdiction to have resulted
      from such Agent-Related Person's
      own gross negligence or willful misconduct; provided,
      however,
      that no action taken in accordance with the directions of the applicable
      Required Lenders shall be deemed to constitute gross negligence or willful
      misconduct for purposes of this Section; provided,
      further,
      that such Indemnified Liability was incurred by or asserted against such
      Agent-Related Person acting as or for the Administrative Agent in connection
      with such capacity. Without limitation of the foregoing, each Lender shall
      reimburse the Administrative Agent upon demand for its ratable share of any
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    pocket
      expenses (including Attorney Costs) incurred by the Administrative Agent in
      connection with the preparation, execution, delivery, administration,
      modification, amendment or enforcement (whether through negotiations, legal
      proceedings or otherwise) of, or legal advice in respect of rights or
      responsibilities under, this Agreement, any other Loan Document, or any document
      contemplated by or referred to herein, to the extent that the Administrative
      Agent is not reimbursed for such expenses by or on behalf of the Borrowers.
      The
      undertaking in this Section shall survive termination of the Aggregate
      Commitments, the payment of all other Obligations and the resignation of the
      Administrative Agent.

    

    Section
      8.8 Administrative
      Agent in its Individual Capacity.
      Bank of America and its Affiliates may make loans to, issue letters of credit
      for the account of, accept deposits from, acquire equity interests in and
      generally engage in any kind of banking, trust, financial advisory, underwriting
      or other business with each Borrower and its Affiliates as though Bank of
      America were not the Administrative Agent hereunder and without notice to or
      consent of the Lenders. The Lenders acknowledge that, pursuant to such
      activities, Bank of America or its Affiliates may receive information regarding
      a Borrower or any of its Affiliates (including information that may be subject
      to confidentiality obligations in favor of a Borrower or such Affiliate) and
      acknowledge that the Administrative Agent shall be under no obligation to
      provide such information to them. With respect to its Loans, Bank of America
      shall have the same rights and powers under this Agreement as any other Lender
      and may exercise such rights and powers as though it were not the Administrative
      Agent, and the terms “Lender” and “Lenders” include Bank of America in its
      individual capacity.

    

    Section
      8.9 Successor
      Administrative Agent and Sub-Agents.
      (a) The Administrative Agent and each Sub-Agent may resign as Administrative
      Agent or Sub-Agent, as applicable, upon 30 days' notice to the applicable
      Lenders. If (i) the Administrative Agent resigns under this Agreement, the
      Required Lenders shall appoint from among the Lenders a successor administrative
      agent for the Lenders, (ii) the Canadian Sub-Agent resigns, the Required Lenders
      referred to in paragraph (c) in the definition of “Required Lenders” shall
      appoint from among the Tranche C Lenders a successor Canadian sub-agent, which
      shall be a bank that is not a non-resident of Canada for the purposes of Part
      XIII of the ITA and (iii) the Swing Line Agent resigns, the Required Lenders
      shall appoint from among the Swing Line Lenders a successor Swing Line agent,
      which shall be a bank with an office in the United Kingdom, or an Affiliate
      of
      any such bank with an office in the United Kingdom, which successor, in each
      case, shall be consented to by the Borrowers in writing at all times other
      than
      during the existence of an Event of Default (which consent of the Borrowers
      shall not be unreasonably withheld). If no such successor is so appointed prior
      to the effective date of the resignation of the Administrative Agent or
      applicable Sub-Agent, the Administrative Agent or Sub-Agent, as applicable,
      may
      appoint, after consulting with the Lenders and the Borrowers, a successor
      meeting the qualifications set forth above. Upon the acceptance of its
      appointment as successor administrative agent or sub-agent hereunder, the Person
      acting as such successor administrative agent or sub-agent shall succeed to
      all
      the rights, powers and duties of the retiring Administrative Agent or Sub-Agent
      and the term “Administrative Agent” or “Sub-Agent”, as applicable, shall mean
      such successor administrative agent or sub-agent, and the retiring
      Administrative Agent's or Sub-Agent’s appointment, powers

    
      
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    and
      duties as Administrative Agent or Sub-Agent shall be terminated. After any
      retiring Administrative Agent's or Sub-Agent’s resignation hereunder as
      Administrative Agent or Sub-Agent, the provisions of this Article
      VIII
      and Sections 9.4
      and 9.5
      shall inure to its benefit as to any actions taken or omitted to be taken by
      it
      while it was Administrative Agent or Sub-Agent under this Agreement. If no
      successor administrative agent or sub-agent, as applicable, has accepted
      appointment as Administrative Agent or Sub-Agent by the date which is 30 days
      following a retiring Administrative Agent's or Sub-Agent’s notice of
      resignation, the retiring Administrative Agent's or Sub-Agent’s resignation
      shall nevertheless thereupon become effective and the Lenders shall perform
      all
      of the duties of the Administrative Agent or Sub-Agent hereunder until such
      time, if any, as the Required Lenders appoint a successor agent as provided
      for
      above.

    

    (b)
      Notwithstanding anything to the contrary contained herein, if at any time Bank
      of America assigns all of its Commitments and Committed Loans pursuant to
subsection
      9.7(b),
      Bank of America may, upon 30 days’ notice to the Borrowers, resign as Swing Line
      Agent and Swing Line Lender. In the event of any such resignation as Swing
      Line
      Agent and Swing Line Lender, the Borrowers shall be entitled to appoint from
      among the Lenders a successor Swing Line Agent and successor Swing Line Lender
      hereunder; provided,
      however,
      that no failure by the Borrowers to appoint any such successor shall affect
      the
      resignation of Bank of America as Swing Line Agent and Swing Line Lender. If
      Bank of America resigns as Swing Line Agent and Swing Line Lender, it shall
      retain all the rights of the Swing Line Agent and Swing Line Lender provided
      for
      hereunder with respect to Swing Line Loans made by it and outstanding as of
      the
      effective date of such resignation, including the right to require the Lenders
      to make Base Rate Committed Loans or fund risk participations in outstanding
      Swing Line Loans pursuant to Section
      2.16(c).
      Upon the appointment of a successor Swing Line Agent and Swing Line Lender,
      such
      successor shall succeed to and become vested with all of the rights, powers,
      privileges and duties of the retiring Swing Line Agent and Swing Line Lender.
      

    

    Section
      8.10 Administrative
      Agent May File Proofs of Claim. 
      In case of the pendency of any receivership, insolvency, liquidation,
      bankruptcy, reorganization, arrangement, adjustment, composition or other
      judicial proceeding relative to a Borrower, the Administrative Agent
      (irrespective of whether the principal of any Loan shall then be due and payable
      as herein expressed or by declaration or otherwise and irrespective of whether
      the Administrative Agent shall have made any demand on such Borrower) shall
      be
      entitled and empowered, by intervention in such proceeding or
      otherwise

    

    (a) to
      file and prove a claim for the whole amount of the principal and interest owing
      and unpaid in respect of the Loans and all other Obligations that are owing
      by
      such Borrower and unpaid and to file such other documents as may be necessary
      or
      advisable in order to have the claims of the Lenders and the Administrative
      Agent (including any claim for the reasonable compensation, expenses,
      disbursements and advances of the Lenders and the Administrative Agent and
      their
      respective agents and counsel and all other amounts due the Lenders and the
      Administrative Agent under Section
      2.8
      and Section
      9.4)
      allowed in such judicial proceeding;

    
      
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    and

    

    (b) to
      collect and receive any monies or other property payable or deliverable on
      any
      such claims and to distribute the same;

    

    and
      any custodian, receiver, assignee, trustee, liquidator, sequestrator or other
      similar official in any such judicial proceeding is hereby authorized by each
      Lender to make such payments to the Administrative Agent and, in the event
      that
      the Administrative Agent shall consent to the making of such payments directly
      to the Lenders, to pay to the Administrative Agent any amount due for the
      reasonable compensation, expenses, disbursements and advances of the
      Administrative Agent and its agents and counsel, and any other amounts due
      the
      Administrative Agent under Section
      2.8
      and Section
      9.4.
      Nothing contained herein shall be deemed to authorize the Administrative Agent
      to authorize or consent to or accept or adopt on behalf of any Lender any plan
      of reorganization, arrangement, adjustment or composition affecting the
      Obligations or the rights of any Lender or to authorize the Administrative
      Agent
      to vote in respect of the claim of any Lender in any such
      proceeding.

    

    Section
      8.11 Other
      Agents, Arrangers and Managers.
      None of the Lenders or other Persons identified on the facing page or signature
      pages of this Agreement as a “syndication agent,” “documentation agent,”
“co-agent,” “book manager,” “lead manager,” “arranger,” “lead arranger” or
“co-arranger” shall have any right, power, obligation, liability, responsibility
      or duty under this Agreement other than, in the case of such Lenders, those
      applicable to all Lenders as such. Without limiting the foregoing, none of
      the
      Lenders or other Persons so identified shall have or be deemed to have any
      fiduciary relationship with any Lender. Each Lender acknowledges that it has
      not
      relied, and will not rely, on any of the Lenders or other Persons so identified
      in deciding to enter into this Agreement or in taking or not taking action
      hereunder.

    

    Section
      8.12 Canadian
      Sub-Agent.
      The Canadian Sub-Agent is not a non-resident of Canada for purposes of Part
      XIII
      of the ITA and, as such, it and not the Administrative Agent has been designated
      under this Agreement to carry out certain duties of the Administrative Agent
      in
      respect of TCCI. The Canadian Sub-Agent shall be subject to each of the
      obligations in this Agreement to be performed by the Administrative Agent,
      and
      each of TCCI and the Tranche C Lenders agrees that the Canadian Sub-Agent shall
      be entitled to exercise each of the rights and shall be entitled to each of
      the
      benefits of the Administrative Agent under this Agreement as relate to the
      performance of its obligations hereunder. References in Sections 2.15 and 3.1
      to
      the Administrative Agent shall also include the Canadian Sub-Agent.

    

    ARTICLE
      IX

    

    MISCELLANEOUS

    Section
      9.1 Amendments,
      Etc.
      Except as otherwise set forth in the last sentence of this Section, no amendment
      or waiver of any provision of this Agreement or any other Loan Document, and
      no
      consent to any departure by any

    
      
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    Borrower
      therefrom, shall be effective unless in writing signed by the applicable
      Required Lenders and the applicable Borrower, and acknowledged by the
      Administrative Agent, and each such waiver or consent shall be effective only
      in
      the specific instance and for the specific purpose for which given; provided,
      however,
      that no such amendment, waiver or consent shall:

    

    (a) waive
      any condition set forth in Section
      4.1(a)
      without the written consent of each Lender;

    

    (b) extend
      or increase the Commitment or Commitment Cap of any Lender (or reinstate any
      Commitment terminated pursuant to Section
      7.1)
      without the written consent of such Lender;

    

    (c) postpone
      any date fixed by this Agreement or any other Loan Document for any payment
      of
      principal, interest, fees or other amounts due to the Lenders (or any of them)
      hereunder or under any other Loan Document without the written consent of each
      Lender directly affected thereby;

    

    (d) reduce
      the principal of, or the rate of interest specified herein on, any Loan, or
      any
      fees or other amounts payable hereunder or under any other Loan Document without
      the written consent of each Lender directly affected thereby; provided,
      however,
      that only the consent of the applicable Required Lenders shall be necessary
      to
      amend the definition of “Default Rate” or to waive any obligation of any
      Borrower to pay interest at the Default Rate;

    

    (e) change
      Section
      2.12
      or Section
      7.2
      in a manner that would alter the pro rata sharing of payments required thereby
      without the written consent of each affected Lender;

    

    (f) amend
      Section
      1.6
      or the definition of “Alternative Currency” without the written consent of each
      Lender; or

    

    (g) change
      any provision of this Section or the definition of “Required Lenders” or any
      other provision hereof specifying the number or percentage of Lenders required
      to amend, waive or otherwise modify any rights hereunder or make any
      determination or grant any consent hereunder, without the written consent of
      each Lender that has a Commitment under the affected Tranche; 

    

    provided further,
      that (i) no amendment, waiver or consent shall, unless in writing and signed
      by
      the Administrative Agent in addition to the Lenders required above, affect
      the
      rights or duties of the Administrative Agent under this Agreement or any other
      Loan Document; (ii) no amendment, waiver or consent shall, unless in writing
      and
      signed by a Swing Line Lender in addition to the Lenders required above, affect
      the rights or duties of such Swing Line Lender under this Agreement; (iii)
      no
      amendment, waiver or consent shall, unless in writing and signed by the Swing
      Line Agent in addition to the Lenders required above, affect the rights or
      duties of such Swing Line Agent under this Agreement; and (iv) the Fee Letter
      may be amended, or rights or privileges thereunder waived, in a writing executed
      only by the parties thereto. Notwithstanding anything to the contrary herein,
      any amendment or waiver of any term of any Money Market Loan (except the
      increase in the principal amount thereof) made by a Lender 

    
      
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    hereunder
      shall be effective if signed by such Lender and the applicable Borrower and
      acknowledged by the Administrative Agent and
      (ii) no Defaulting Lender shall have any right to approve or disapprove any
      amendment, waiver or consent hereunder, except that the Commitment of such
      Lender may not be increased or extended without
      the consent of such Lender.

    

    Section
      9.2 Notices
      and Other Communications; Facsimile Copies.  

    

    (a) General.
      Unless otherwise expressly provided herein, all notices and other communications
      provided for hereunder shall be in writing (including by facsimile
      transmission). All such written notices shall be mailed, faxed or delivered
      to
      the applicable address, facsimile number or (subject to subsection (c) below)
      electronic mail address, and all notices and other communications expressly
      permitted hereunder to be given by telephone shall be made to the applicable
      telephone number, as follows:

    

    (i) if
      to a Borrower, the Administrative Agent or the Swing Line Agent, to the address,
      facsimile number, electronic mail address or telephone number specified for
      such
      Person on Schedule
      9.2
      or to such other address, facsimile number, electronic mail address or telephone
      number as shall be designated by such party in a notice to the other parties;
      and 

    

    (ii) if
      to any other Lender, to the address, facsimile number, electronic mail address
      or telephone number specified in its Administrative Questionnaire or to such
      other address, facsimile number, electronic mail address or telephone number
      as
      shall be designated by such party in a notice to the Borrowers and the
      Administrative Agent.

    

    All
      such notices and other communications shall be deemed to be given or made upon
      the earlier to occur of (i) actual receipt by the relevant party hereto and
      (ii)
      (A) if delivered by hand or by courier, when signed for by or on behalf of
      the
      relevant party hereto; (B) if delivered by mail, four Business Days after
      deposit in the mails, postage prepaid; (C) if delivered by facsimile, when
      sent
      and receipt has been confirmed by telephone; and (D) if delivered by electronic
      mail (which form of delivery is subject to the provisions of subsection (c)
      below), when delivered; provided,
      however,
      that notices and other communications to the Administrative Agent pursuant
      to
Article
      II
      shall not be effective until actually received by such Person. In no event
      shall
      a voicemail message be effective as a notice, communication or confirmation
      hereunder.

    

    (b) Effectiveness
      of Facsimile Documents and Signatures.
      Loan Documents may be transmitted and/or signed by facsimile. The effectiveness
      of any such documents and signatures shall, subject to applicable Law, have
      the
      same force and effect as manually-signed originals and shall be binding on
      the
      Borrowers, the Administrative Agent, the Swing Line Agent and the Lenders.
      The
      Borrowers may also require that any such documents and signatures be confirmed
      by a manually-signed original thereof; provided,
      however,
      that the failure to request or deliver the same shall not limit the
      effectiveness of any facsimile document or signature.

    

    (c) Limited
      Use of Electronic Mail. Electronic
      mail and Internet and intranet websites may be used only to distribute routine
      communications, such as financial statements 

    
      
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    and
      other information as provided in Section
      6.1,
      and to distribute Loan Documents (or amendments or waivers thereto) for
      execution by the parties thereto, and may not be used for any other
      purpose.

    

    (d) Reliance
      by Administrative Agent, the Swing Line Agent and Lenders. The
      Administrative Agent, the Swing Line Agent and the Lenders shall be entitled
      to
      rely and act upon any notices (including telephonic Committed Loan Notices
      and
      Swing Line Loan Notices) purportedly given by or on behalf of a Responsible
      Officer of a Borrower or any other Person designated in writing by a Responsible
      Officer of a Borrower to the Administrative Agent and the Swing Line Agent
      even
      if (i) such notices were not otherwise made in a manner specified herein, were
      incomplete or were not preceded or followed by any other form of notice
      specified herein, or (ii) the terms thereof, as understood by the recipient,
      varied from any confirmation thereof. The Borrowers shall indemnify each
      Agent-Related Person and each Lender from all losses, costs, expenses and
      liabilities resulting from the reliance by such Person on each notice
      purportedly given by or on behalf of a Responsible Officer of a Borrower or
      any
      other Person designated in writing by a Responsible Officer of a Borrower to
      the
      Administrative Agent. All telephonic notices to and other communications with
      the Administrative Agent may be recorded by the Administrative Agent, and each
      of the parties hereto hereby consents to such recording.

    

    Section
      9.3 No
      Waiver; Cumulative Remedies. No
      failure by any Lender or the Administrative Agent to exercise, and no delay
      by
      any such Person in exercising, any right, remedy, power or privilege hereunder
      shall operate as a waiver thereof; nor shall any single or partial exercise
      of
      any right, remedy, power or privilege hereunder preclude any other or further
      exercise thereof or the exercise of any other right, remedy, power or privilege.
      The rights, remedies, powers and privileges herein provided are cumulative
      and
      not exclusive of any rights, remedies, powers and privileges provided by
      Law.

    

    Section
      9.4 Attorney
      Costs, Expenses and Taxes. The
      Borrowers agree (a) to pay or reimburse the Administrative Agent for all costs
      and expenses incurred in connection with the development, preparation,
      negotiation and execution of this Agreement and the other Loan Documents and
      any
      amendment, waiver, consent or other modification of the provisions hereof and
      thereof (whether or not the transactions contemplated hereby or thereby are
      consummated), and the consummation and administration of the transactions
      contemplated hereby and thereby, including all Attorney Costs of a single
      counsel (and one local counsel in each jurisdiction or other additional counsel
      to the extent required due to a conflict of interest), and (b) to pay or
      reimburse the Administrative Agent and each Lender for all costs and expenses
      incurred in connection with the enforcement, attempted enforcement, or
      preservation of any rights or remedies under this Agreement or the other Loan
      Documents (including all such costs and expenses incurred during any “workout”
or restructuring in respect of the Obligations and during any legal proceeding,
      including any proceeding under any Debtor Relief Law), including all Attorney
      Costs. The foregoing costs and expenses shall include all search and filing
      charges and fees and taxes related thereto, and other out-of-pocket expenses
      incurred by the Administrative Agent and the cost of independent public
      accountants and other outside experts retained by the Administrative Agent
      or
      any Lender. All amounts due under this Section
      9.4
      shall be payable within ten Business Days after delivery to 

    
      
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    the
      Borrowers of a certificate setting forth in reasonable detail the basis for
      the
      amounts demanded. The agreements in this Section shall survive the termination
      of the Aggregate Commitments and repayment of all other
      Obligations.

    

    Section
      9.5 Indemnification
      by the Borrowers. Whether
      or not the transactions contemplated hereby are consummated, the Borrowers
      shall
      indemnify and hold harmless each Agent-Related Person, each Lender and their
      respective Affiliates, directors, officers, employees, counsel, agents and
      attorneys-in-fact (collectively the “Indemnitees”)
      from and against any and all liabilities, obligations, losses, damages,
      penalties, claims, demands, actions, judgments, suits, costs, expenses and
      disbursements (including Attorney Costs) of any kind or nature whatsoever which
      may at any time be imposed on, incurred by or asserted against any such
      Indemnitee in any way relating to or arising out of or in connection with (a)
      the execution, delivery, enforcement, performance or administration of any
      Loan
      Document or any other agreement, letter or instrument delivered in connection
      with the transactions contemplated thereby or the consummation of the
      transactions contemplated thereby, (b) any Commitment, Loan or the use or
      proposed use of the proceeds therefrom, or (c)
      any actual or prospective claim, litigation, investigation or proceeding
      relating to any of the foregoing, whether based on contract, tort or any other
      theory (including any investigation of, preparation for, or defense of any
      pending or threatened claim, investigation, litigation or proceeding) and
      regardless of whether any Indemnitee is a party thereto (all the foregoing,
      collectively, the “Indemnified
      Liabilities”);
      provided
      that such indemnity shall not, as to any Indemnitee, be available to the extent
      that such liabilities, obligations, losses, damages, penalties, claims, demands,
      actions, judgments, suits, costs, expenses or disbursements are determined
      by a
      court of competent jurisdiction by final and nonappealable judgment to have
      resulted from the gross negligence or willful misconduct of such Indemnitee.
      No
      Indemnitee shall be liable for any damages arising from the use by others of
      any
      information or other materials obtained through IntraLinks or other similar
      information transmission systems in connection with this Agreement, nor shall
      any Indemnitee have any liability for any indirect or consequential damages
      relating to this Agreement or any other Loan Document or arising out of its
      activities in connection herewith or therewith (whether before or after the
      Closing Date). All amounts due under this Section
      9.5
      shall be payable within 10 Business Days after the Borrowers receive demand
      therefor setting forth in reasonable detail the basis for such demand. The
      agreements in this Section shall survive the resignation of the Administrative
      Agent, the replacement of any Lender, the termination of the Aggregate
      Commitments and the repayment, satisfaction or discharge of all the other
      Obligations. Notwithstanding the foregoing, the Borrowers shall not, in
      connection with any single proceeding or series of related proceedings in the
      same jurisdiction, be liable for the fees and expenses of more than one separate
      firm or internal legal department (in addition to any local counsel) for all
      Indemnitees, such firm or internal legal department to be selected by the
      Administrative Agent; provided that if an Indemnitee shall have reasonably
      concluded that (i) there may be legal defenses available to it which are
      different from or additional to those available to other Indemnitees and may
      conflict therewith or (ii) the representation of such Indemnitee and the other
      Indemnitees by the same counsel would otherwise be inappropriate under
      applicable principles of professional responsibility, such Indemnitee shall
      have
      the right to select and retain separate counsel to represent such Indemnitee
      in
      connection with such proceeding(s) at the expense of the
      Borrowers.

    
      
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    Section
      9.6 Payments
      Set Aside. To
      the extent that any payment by or on behalf of any Borrower is made to the
      Administrative Agent or any Lender, or the Administrative Agent or any Lender
      exercises any right of set-off, and such payment or the proceeds of such set-off
      or any part thereof is subsequently invalidated, declared to be fraudulent
      or
      preferential, set aside or required (including pursuant to any settlement
      entered into by the Administrative Agent or such Lender in its discretion)
      to be
      repaid to a trustee, receiver or any other party, in connection with any
      proceeding under any Debtor Relief Law or otherwise, then (a) to the extent
      of
      such recovery, the obligation or part thereof originally intended to be
      satisfied shall be revived and continued in full force and effect as if such
      payment had not been made or such set-off had not occurred, and (b) each Lender
      severally agrees to pay to the Administrative Agent upon demand its applicable
      share of any amount so recovered from or repaid by the Administrative Agent,
      plus interest thereon from the date of such demand to the date such payment
      is
      made at a rate per annum equal to the Overnight Rate from time to time in
      effect, in the applicable currency of such recovery or payment.

    

    Section
      9.7 Successors
      and Assigns.

    

    (a) The
      provisions of this Agreement shall be binding upon and inure to the benefit
      of
      the parties hereto and their respective successors and assigns permitted hereby,
      except that no Borrower may assign or otherwise transfer any of its rights
      or
      obligations hereunder without the prior written consent of each Lender and
      no
      Lender may assign or otherwise transfer any of its rights or obligations
      hereunder except (i) to an Eligible Assignee in accordance with the provisions
      of subsection (b) of this Section, (ii) by way of participation in accordance
      with the provisions of subsection (d) of this Section, or (iii) by way of pledge
      or assignment of a security interest subject to the restrictions of subsection
      (f) of this Section (and any other attempted assignment or transfer by any
      party
      hereto shall be null and void). Nothing in this Agreement, expressed or implied,
      shall be construed to confer upon any Person (other than the parties hereto,
      their respective successors and assigns permitted hereby, Participants to the
      extent provided in subsection (d) of this Section and, to the extent expressly
      contemplated hereby, the Indemnitees) any legal or equitable right, remedy
      or
      claim under or by reason of this Agreement.

    

    (b) Any
      Lender may at any time assign to one or more Eligible Assignees all or a portion
      of its rights and obligations under this Agreement (including all or a portion
      of its Commitment and the Committed Loans (including for purposes of this
subsection
      (b),
      participations in Swing Line Loans) at the time owing to it); provided
      that (i) except in the case of an assignment of the entire remaining amount
      of
      the assigning Lender's Commitment and the Committed Loans at the time owing
      to
      it or in the case of an assignment to a Lender or an Affiliate of a Lender
      or an
      Approved Fund (as defined in subsection (f) of this Section) with respect to
      a
      Lender, the aggregate amount of the Commitment (which for this purpose includes
      Committed Loans outstanding thereunder) subject to each such assignment,
      determined as of the date the Assignment and Assumption with respect to such
      assignment is delivered to the Administrative Agent or, if “Trade Date” is
      specified in the Assignment and Assumption, as of the Trade Date, shall not
      be
      less than US$10,000,000 (provided
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    amount
      shall not be less than the Dollar Equivalent of EUR 50,000), unless
      each of the Administrative Agent and, so long as no Event of Default has
      occurred and is continuing in respect of such Borrower, the applicable Borrower
      otherwise consents (each such consent not to be unreasonably withheld or
      delayed); (ii) 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 with respect to the Committed Loans or the Commitment assigned;
      (iii) any assignment of a Commitment must be approved by the Administrative
      Agent (which approval shall not be unreasonably withheld or delayed) unless
      the
      Person that is the proposed assignee is itself a Lender or an Affiliate of
      a
      Lender (whether or not the proposed assignee would otherwise qualify as an
      Eligible Assignee); (iv) if the assigning Lender has a Commitment in more than
      one Tranche, such Lender shall make a pro rata assignment to its assignee of
      its
      Commitments under each such Tranche; and (v) 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, which
      fee may be waived by the Administrative Agent in its sole discretion. Subject
      to
      acceptance and recording thereof by the Administrative Agent pursuant to
      subsection (c) of this Section, from and after the effective date specified
      in
      each Assignment and Assumption, the Eligible Assignee thereunder shall be a
      party to this Agreement and, to the extent of the interest assigned by such
      Assignment and Assumption, have the rights and obligations of a Lender under
      this Agreement, and the assigning Lender thereunder shall, to the extent of
      the
      interest assigned by such Assignment and Assumption, be released from its
      obligations under this Agreement (and, in the case of an Assignment and
      Assumption covering all of the assigning Lender's rights and obligations under
      this Agreement, such Lender shall cease to be a party hereto but shall continue
      to be entitled to the benefits of Sections
      3.1,
      3.4,
      3.5,
      9.4
      and 9.5
      with respect to facts and circumstances occurring prior to the effective date
      of
      such assignment). Upon request, each Borrower (at its expense) shall execute
      and
      deliver a Note to the assignee Lender. Any assignment or transfer by a Lender
      of
      rights or obligations under this Agreement that does not comply with this
      subsection shall be treated for purposes of this Agreement as a sale by such
      Lender of a participation in such rights and obligations in accordance with
      subsection (d) of this Section. If the Eligible Assignee is required to deliver
      documents pursuant to Section
      9.15,
      it shall deliver those documents to the applicable Borrower and the
      Administrative Agent in accordance with Section
      9.15.

    

    (c) The
      Administrative Agent, acting solely for this purpose as an agent of the
      Borrowers, shall maintain at the Administrative Agent's Office a copy of each
      Assignment and Assumption delivered to it and a register for the recordation
      of
      the names and addresses of the Lenders, and the Commitments of, and principal
      amounts of the Loans owing to each Lender pursuant to the terms hereof from
      time
      to time (the “Register”).
      The entries in the Register shall be conclusive absent manifest error, and
      the
      Borrowers, the Administrative Agent 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 Borrowers and
      any Lender, at any reasonable time and from time to time upon reasonable prior
      notice.

    

    (d) Any
      Lender may at any time, without the consent of, or notice to, any Borrower
      or
      the Administrative Agent, sell participations to any Person (other than a
      natural person or a Borrower or any of the Borrowers' Affiliates) (each, a
      “Participant”)
      in all or a portion of such

    
      
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    Lender's
      rights and/or obligations under this Agreement (including all or a portion
      of
      its Commitment and/or the Loans (including such Lender’s participations in Swing
      Line Loans) owing to it); provided
      that (i) such Lender's obligations under this Agreement shall remain
      unchanged, (ii) such Lender shall remain solely responsible to the other
      parties hereto for the performance of such obligations, (iii) in the case of
      a
      Tranche C Lender, such Participant is not a non-resident of Canada for the
      purposes of Part XIII of the ITA, (iv) in the case of TMFNL, the amount of
      such
      participations sold shall not be less than the Dollar Equivalent of EUR 50,000
      and (v) the Borrowers, the Administrative Agent and the other Lenders shall
      continue to deal solely and directly with such Lender in connection with such
      Lender's rights and obligations under this Agreement. Any agreement or
      instrument pursuant to which a Lender sells such a participation shall provide
      that such Lender shall retain the sole right to enforce this Agreement and
      to
      approve any amendment, modification or waiver of any provision of this
      Agreement; provided
      that such agreement or instrument may provide that such Lender will not, without
      the consent of the Participant, agree to any amendment, waiver or other
      modification described in the first proviso to Section
      9.1
      that directly affects such Participant. Subject to subsection (e) of this
      Section, the Borrowers agree that each Participant shall be entitled to the
      benefits of Sections
      3.1,
      3.4
      and 3.5 to
      the same extent as if it were a Lender and had acquired its interest by
      assignment pursuant to subsection (b) of this Section. To the extent permitted
      by Law, each Participant also shall be entitled to the benefits of Section
      9.9
      as though it were a Lender, provided such Participant agrees to be subject
      to
Section
      2.12
      as though it were a Lender. 

    

    (e) A
      Participant shall not be entitled to receive any greater payment under
Section
      3.1
      or Section
      3.4 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 Borrowers' prior written consent. A
      Participant shall not be entitled to the benefits of Section
      3.1
      unless the Borrowers are notified of the participation sold to such Participant
      and such Participant agrees, for the benefit of each Borrower, to comply with
      Section
      9.15
      as though it were a Lender.

    

    (f) Any
      Lender may at any time pledge or assign a security interest in all or any
      portion of its rights under this Agreement (including under its Note, if any)
      to
      secure obligations of such Lender, including any pledge or assignment to secure
      obligations to a Federal Reserve Bank; provided
      that no such pledge or assignment shall release such Lender from any of its
      obligations hereunder or substitute any such pledgee or assignee for such Lender
      as a party hereto.

    

    (g) Where
      a Lender (the “Designating Lender”) has designated in its Administrative
      Questionnaire an Affiliate of the Designating Lender as the entity which shall
      participate in or make Loans to a particular Borrower (i) the Commitment shall
      be held by the Designating Lender, (ii) such Affiliate shall be entitled to
      all
      rights and benefits (other than voting rights, which remain with the Designating
      Lender) under this Agreement relating to its participation in any Loan and
      (iii)
      the Designating Lender shall procure that such Affiliate complies with the
      corresponding duties in relation to such Loan.

    

    (h) As
      used herein, the following terms have the following meanings:

    
      
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    “Eligible
      Assignee”
      means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and
      (d)
      any other Person (other than a natural person) approved by (i) the
      Administrative Agent and (ii) unless an Event of Default with respect to such
      Borrower has occurred and is continuing, the applicable Borrower (each such
      approval not to be unreasonably withheld or delayed); provided
      that (w) notwithstanding the foregoing, no Person shall qualify as an Eligible
      Assignee without the approval of each Swing Line Lender (such approval not
      to be
      unreasonably withheld or delayed), (x) notwithstanding the foregoing, “Eligible
      Assignee” shall not include a Borrower or any of the Borrowers' Affiliates; and
      (y) with respect to any Tranche C Commitment or any Tranche C Loans, any Person
      that is a non-resident of Canada for the purposes of Part XIII of the ITA shall
      not qualify as an Eligible Assignee.

    

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

    

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

    

    Section
      9.8 Confidentiality.
      Each of the Administrative Agent 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 or self-regulatory body; (c) to the extent required by
      applicable Laws or by any subpoena or similar legal process; (d) to any other
      party to this Agreement; (e) in connection with the exercise of any remedies
      hereunder or any suit, action or proceeding relating to this Agreement or the
      enforcement of rights hereunder; (f) subject to an agreement containing
      provisions substantially the same as those of this Section, to (i) any Eligible
      Assignee of or Participant in, or any prospective Eligible Assignee of or
      Participant in, any of its rights or obligations under this Agreement or (ii)
      any direct or indirect contractual counterparty or prospective counterparty
      (or
      such contractual counterparty's or prospective counterparty's professional
      advisor) to any credit derivative transaction relating to obligations of a
      Borrower; (g) with the consent of the applicable Borrower; (h) to the
      extent such Information (i) becomes publicly available other than as a
      result of a breach of this Section or (ii) becomes available to the
      Administrative Agent or any Lender on a nonconfidential basis from a source
      other than a Borrower; or (i) to the National Association of Insurance
      Commissioners or any other similar organization. In addition, the Administrative
      Agent and the Lenders may disclose the existence of this Agreement and
      information about this Agreement to market data collectors, similar service
      providers to the lending industry, and service providers to the Administrative
      Agent and the Lenders in connection with the administration and management
      of
      this Agreement, the other Loan Documents, the Commitments, and the Loans.

    
      
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    For
      the purposes of this Section, “Information”
      means all information received from a Borrower relating to such Borrower or
      its
      business, other than any such information that is available to the
      Administrative Agent or any Lender on a nonconfidential basis prior to
      disclosure by such Borrower; provided
      that, in the case of information received from a Borrower after the date hereof,
      such information is clearly identified in writing at the time of delivery as
      confidential. 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.

    Section
      9.9 Set-off.
      Upon the occurrence and during the continuance of any Event of Default with
      respect to a Borrower, nothing in this Agreement shall preclude any Lender,
      at
      any time and from time to time, from exercising any right of set off,
      counterclaim, or other rights it may have otherwise than under this Agreement
      and or from applying amounts realized against any and all Obligations owing
      by
      such Borrower to such Lender hereunder or under any other Loan Document, now
      or
      hereafter existing. Each Lender agrees promptly to notify the applicable
      Borrower and the Administrative Agent after any such set-off and application
      made by such Lender; provided,
      however,
      that the failure to give such notice shall not affect the validity of such
      set-off and application.

    Section
      9.10 Interest
      Rate Limitation.
      Notwithstanding anything to the contrary contained in any Loan Document, the
      interest paid or agreed to be paid under the Loan Documents shall not exceed
      the
      maximum rate of non-usurious interest permitted by applicable Law (the
“Maximum
      Rate”).
      If the Administrative Agent or any Lender shall receive interest in an amount
      that exceeds the Maximum Rate, the excess interest shall be applied to the
      principal of the Loans or, if it exceeds such unpaid principal, refunded to
      the
      applicable Borrower. 

    

    Section
      9.11 Counterparts.
      This Agreement may be executed in one or more counterparts, each of which shall
      be deemed an original, but all of which together shall constitute one and the
      same instrument.

    

    Section
      9.12 Integration.
      This Agreement, together with the other Loan Documents, comprises the complete
      and integrated agreement of the parties on the subject matter hereof and thereof
      and supersedes all prior agreements, written or oral, on such subject matter.
      In
      the event of any conflict between the provisions of this Agreement and those
      of
      any other Loan Document, the provisions of this Agreement shall control;
provided
      that the inclusion of supplemental rights or remedies in favor of the
      Administrative Agent or the Lenders in any other Loan Document shall not be
      deemed a conflict with this Agreement. Each Loan Document was drafted with
      the
      joint participation of the respective parties thereto and shall be construed
      neither against nor in favor of any party, but rather in accordance with the
      fair meaning thereof.

    Section
      9.13
      Survival of Representations and Warranties.
      All representations and warranties made hereunder and in any other Loan Document
      or other document delivered pursuant hereto or 

    
      
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    thereto
      or in connection herewith or therewith shall survive the execution and delivery
      hereof and thereof. Such representations and warranties have been or will be
      relied upon by the Administrative Agent and each Lender, regardless of any
      investigation made by the Administrative Agent or any Lender or on their behalf
      and notwithstanding that the Administrative Agent or any Lender may have had
      notice or knowledge of any Default at the time of any Borrowing and shall
      continue in full force and effect as long as any Loan or any other Obligation
      hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall
      remain outstanding.

    

    Section
      9.14 Severability. If
      any provision of this Agreement or the other Loan Documents is held to be
      illegal, invalid or unenforceable, (a) the legality, validity and enforceability
      of the remaining provisions of this Agreement and the other Loan Documents
      shall
      not be affected or impaired thereby and (b) the parties shall endeavor in good
      faith negotiations to replace the illegal, invalid or unenforceable provisions
      with valid provisions the economic effect of which comes as close as possible
      to
      that of the illegal, invalid or unenforceable provisions. The invalidity of
      a
      provision in a particular jurisdiction shall not invalidate or render
      unenforceable such provision in any other jurisdiction.

    

    Section
      9.15 Tax
      Forms.

     

    (a) (i)
      Each Tranche A Lender and Tranche D Lender that is not a “United States person”
within the meaning of Section 7701(a)(30) of the Code (a “Foreign
      Lender”)
      shall deliver to the Administrative Agent, prior to becoming a party to this
      Agreement (or upon accepting an assignment of an interest herein), two duly
      signed completed copies of either IRS Form W-8BEN or any successor thereto
      (relating to such Foreign Lender and entitling it to an exemption from, or
      reduction of, withholding tax on all payments to be made to such Foreign Lender
      by TMCC pursuant to this Agreement) or IRS Form W-8ECI or any successor thereto
      (relating to all payments to be made to such Foreign Lender by TMCC pursuant
      to
      this Agreement) or such other evidence satisfactory to TMCC and the
      Administrative Agent that such Foreign Lender is entitled to an exemption from,
      or reduction of, U.S. withholding tax, including any exemption pursuant to
      Section 881(c) of the Code. Thereafter and from time to time, each such Foreign
      Lender shall, to the extent it may lawfully do so, (A) promptly submit to the
      Administrative Agent such additional duly completed and signed copies of one
      of
      such forms (or such successor forms as shall be adopted from time to time by
      the
      relevant United States taxing authorities) as may then be available under then
      current United States Laws and regulations to avoid, or such evidence as is
      satisfactory to TMCC and the Administrative Agent of any available exemption
      from or reduction of, United States withholding taxes in respect of all payments
      to be made to such Foreign Lender by TMCC pursuant to this Agreement, (B)
      promptly notify the Administrative Agent of any change in circumstances which
      would modify or render invalid any claimed exemption or reduction, and (C)
      take
      such steps as shall not be materially disadvantageous to it, in the reasonable
      judgment of such Lender, and as may be reasonably necessary (including the
      re-designation of its Lending Office) to avoid any requirement of applicable
      Laws that TMCC make any deduction or withholding for taxes from amounts payable
      to such Foreign Lender. In relation to all payments to be made to a Tranche
      A
      Lender by TFSUK, such Lender shall cooperate, to the extent it is able to do
      so,
      with TFSUK in completing any procedural formalities necessary for TFSUK to
      obtain authorization to make such a payment without a deduction or withholding
      for or on account of UK Taxes, including, to 

    
      
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    the
      extent reasonably practicable, making and filing an appropriate application
      for
      relief under a double taxation agreement.

    

    (ii)
      As of the date that each Lender becomes a Tranche B Lender under this Agreement,
      each such Lender represents and warrants to the Administrative Agent and each
      Borrower that it is an Exempt Lender and agrees that, if Puerto Rico or United
      States taxing authorities at any time after the date of this Agreement require
      that such Lender deliver any certificate, statement or form as a condition
      to
      exemption from, or reduction of, withholding taxes under the Puerto Rico Code
      or
      the Code on any payments by TCPR to such Lender under this Agreement, such
      Lender shall deliver such certificate, statement or form to the Administrative
      Agent prior to becoming a party to this Agreement (or upon accepting an
      assignment of an interest herein). Thereafter and from time to time, each such
      Lender shall (A) promptly submit to the Administrative Agent such duly completed
      and signed certificates, statements or forms as shall be adopted from time
      to
      time by the relevant Puerto Rico or United States taxing authorities and such
      other evidence as is satisfactory to TCPR and the Administrative Agent of any
      available exemption from, or reduction of, Puerto Rico and United States
      withholding taxes in respect of all payments to be made to such Lender by TCPR
      pursuant to this Agreement, (B) promptly notify the Administrative Agent of
      any
      change in circumstances which would modify or render invalid any claimed
      exemption or reduction, and (C) take such steps as shall not be materially
      disadvantageous to it, in the reasonable judgment of such Lender, and as may
      be
      reasonably necessary (including the re-designation of its Lending Office) to
      avoid any requirement of applicable Laws that TCPR make any deduction or
      withholding for taxes from amounts payable to such Lender.

    

    (iii) As
      of the date that each Lender becomes a Tranche C Lender under this Agreement,
      each such Lender represents and warrants to the Administrative Agent and TCCI
      that it is not a non-resident in Canada for the purposes of Part XIII of the
      ITA
      and agrees that as long as it is a Tranche C Lender, it will not be a
      non-resident of Canada for the purposes of Part XIII of the ITA.

    

    (iv) Each
      Lender, to the extent it does not act or ceases to act for its own account
      with
      respect to any portion of any sums paid or payable to such Lender under any
      of
      the Loan Documents (for example, in the case of a typical participation by
      such
      Lender), shall deliver to the Administrative Agent on the date when such Lender
      ceases to act for its own account with respect to any portion of any such sums
      paid or payable, and at such other times as may be necessary in the
      determination of the Administrative Agent (in the reasonable exercise of its
      discretion), (A) two duly signed completed copies of the certificates,
      statements or forms required to be provided by such Lender as set forth above,
      to establish the portion of any such sums paid or payable with respect to which
      such Lender acts for its own account that is not, in the case of a Tranche
      A
      Lender, subject to United States withholding tax or, in the case of a Tranche
      B
      Lender, subject to Puerto Rico or United States withholding tax; (B) any
      information such Lender chooses to transmit with such certificates, statements
      or forms, and any other certificate or statement of exemption required under
      the
      Code; and (C) in the case of a Tranche C Lender, evidence that no Person for
      whom such Lender is receiving any portion of any 

    
      
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    sums
      paid or payable to such Lender is a non-resident of Canada for purposes of
      Part
      XIII of the ITA.

    

    (v) No
      Borrower (other than TFSUK) shall be required to pay any additional amount
      to
      any Lender under Section
      3.1
      (A) with respect to any Taxes required to be deducted or withheld on the basis
      of the information, certificates or statements of exemption such Lender
      transmits pursuant to this Section
      9.15(a)
      or (B) if such Lender shall have failed to satisfy the foregoing provisions
      of
      this Section
      9.15(a);
      provided
      that if such Lender shall have satisfied the requirement of this Section
      9.15(a)
      on the date such Lender became a Lender or ceased to act for its own account
      with respect to any payment under any of the Loan Documents, nothing in this
      Section
      9.15(a)
      shall relieve such Borrower of its obligation to pay any amounts pursuant to
      Section
      3.1
      in the event that, as a result of any change in any applicable Law, treaty
      or
      governmental rule, regulation or order, or any change in the interpretation,
      administration or application thereof, such Lender is no longer properly
      entitled to deliver forms, certificates or other evidence at a subsequent date
      establishing the fact that such Lender or other Person for the account of which
      such Lender receives any sums payable under any of the Loan Documents is not
      subject to withholding or is subject to withholding at a reduced
      rate.

    

    (vi) The
      Administrative Agent may, without reduction, withhold any Taxes required to
      be
      deducted and withheld from any payment under any of the Loan Documents with
      respect to which a Borrower is not required to pay additional amounts under
      this
Section
      9.15(a).
      

    

    (b) Upon
      the request of the Administrative Agent, each Lender that is a “United States
      person” within the meaning of Section 7701(a)(30) of the Code shall deliver to
      the Administrative Agent two duly signed completed copies of IRS Form W-9.
      If
      such Lender fails to deliver such forms, then the Administrative Agent may
      withhold from any interest payment to such Lender an amount equivalent to the
      applicable back-up withholding tax imposed by the Code, without
      reduction.

    

    (c) If
      any Governmental Authority asserts that the Administrative Agent did not
      properly withhold or backup withhold, as the case may be, any tax or other
      amount from payments made to or for the account of any Lender, such Lender
      shall
      indemnify the Administrative Agent therefor, including all penalties and
      interest, any taxes imposed by any jurisdiction on the amounts payable to the
      Administrative Agent under this Section, and costs and expenses (including
      Attorney Costs) of the Administrative Agent. The obligation of the Lenders
      under
      this Section shall survive the termination of the Aggregate Commitments,
      repayment of all other Obligations hereunder and the resignation of the
      Administrative Agent.

    

    Section
      9.16 Replacement
      of Lenders.
      Under any circumstances set forth herein providing that a Borrower shall have
      the right to replace a Lender as a party to this Agreement and (i) if any Lender
      is a Defaulting Lender, (ii) any Lender has been deemed insolvent or become
      the
      subject of a bankruptcy or insolvency proceeding or (iii) any Lender fails
      to
      consent to an amendment, modification or waiver of this Agreement, or to a
      request that Eurocurrency Rate Loans be made in a currency other than those
      

    
      
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    specifically
      listed in the definition of “Alternative Currency”, that pursuant to the terms
      hereof requires consent of all of the Lenders or all of the Lenders affected
      thereby (provided that, (x) such amendment, modification, waiver or currency
      request has been consented to by the Required Lenders and (y) all such
      non-consenting Lenders are replaced on the same terms) such Borrower may, upon
      notice to such Lender and the Administrative Agent, replace such Lender by
      causing such Lender to assign its Commitment (with the assignment fee to be
      paid
      by such Borrower in such instance) pursuant to Section 9.7(b)
      to one or more other Lenders or Eligible Assignees procured by such Borrower;
      provided, however,
      that if such Borrower elects to exercise such rights with respect to any Lender
      pursuant to Section
      3.6(c),
      it shall be obligated to replace all Lenders that have made similar requests
      for
      compensation pursuant to Section
      3.1
      or 3.4.
      The applicable Borrower shall (y) pay in full all principal, accrued interest,
      accrued fees and other amounts owing to such Lender through the date of
      replacement (including any amounts payable pursuant to Section
      3.5)
      and (z) release such Lender from its obligations under the Loan Documents.
      Any
      Lender being replaced shall execute and deliver an Assignment and Assumption
      with respect to such Lender's Commitment and outstanding Loans.

    

    Section
      9.17 Governing
      Law. 

    

    (a) THIS
      AGREEMENT SHALL, IN ACCORDANCE WITH SECTION 5-1401 OF THE GENERAL OBLIGATIONS
      LAW OF THE STATE OF NEW YORK, BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
      THE
      LAW
      OF THE STATE OF NEW YORK APPLICABLE
      TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE; PROVIDED
      THAT THE ADMINISTRATIVE
      AGENT
      AND EACH LENDER SHALL RETAIN ALL RIGHTS
      ARISING UNDER FEDERAL LAW.

    

    (b) ANY
      LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN
      DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN THE
      COUNTY OF NEW YORK IN THE CITY OF NEW YORK OR OF THE UNITED STATES FOR THE
      SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS
      AGREEMENT, EACH BORROWER, THE ADMINISTRATIVE
      AGENT
      AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE
      NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH BORROWER, THE ADMINISTRATIVE
      AGENT
      AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO
      THE
      LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM
      NON CONVENIENS,
      WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING
      IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED
      THERETO. EACH BORROWER, THE ADMINISTRATIVE
      AGENT
      AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER
      PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH
      STATE.

    

    (c)EACH
      BORROWER OTHER THAN TMCC HEREBY IRREVOCABLY DESIGNATES, APPOINTS AND EMPOWERS
      TMCC, IN THE CASE OF ANY SUIT, ACTION OR PROCEEDING BROUGHT IN THE UNITED STATES
      OF AMERICA AS ITS 

     

    
      
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    DESIGNEE,
      APPOINTEE AND AGENT TO RECEIVE, ACCEPT AND ACKNOWLEDGE FOR AND ON ITS BEHALF,
      AND IN RESPECT OF ITS PROPERTY, SERVICE OF ANY AND ALL LEGAL PROCESS, SUMMONS,
      NOTICES AND DOCUMENTS THAT MAY BE SERVED IN ANY ACTION OR PROCEEDING ARISING
      OUT
      OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY LOAN DOCUMENT, AND TMCC HEREBY
      IRREVOCABLY ACCEPTS SUCH DESIGNATION, APPOINTMENT AND EMPOWERMENT. SUCH SERVICE
      MAY BE MADE BY MAILING (BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID) OR
      DELIVERING A COPY OF SUCH PROCESS TO SUCH BORROWER IN CARE OF TMCC AT TMCC’S
      ADDRESS SPECIFIED IN SCHEDULE 9.2, AND EACH BORROWER HEREBY IRREVOCABLY
      AUTHORIZES AND DIRECTS TMCC TO ACCEPT SUCH SERVICE ON ITS BEHALF. AS AN
      ALTERNATIVE METHOD OF SERVICE, THE BORROWER IRREVOCABLY CONSENTS TO THE SERVICE
      OF ANY AND ALL PROCESS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING (BY
      REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID) OF COPIES OF SUCH PROCESS TO
      TMCC
      OR THE BORROWER OR SUCH LOAN PARTY AT ITS ADDRESS SPECIFIED IN SCHEDULE 9.2.
      NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE
      PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

     

    Section
      9.18 No
      Advisory or Fiduciary Responsibility. In
      connection with all aspects of each transaction contemplated hereby (including
      in connection with any amendment, waiver or other
      modification hereof or of any other Loan Document), each Borrower acknowledges
      and agrees, and acknowledges its Affiliates’ understanding, that: (i) (A) the
      arranging and other services regarding this Agreement provided by the
      Administrative Agent, the Sub-Agents, the Arrangers and the Lenders are
      arm’s-length commercial transactions between such Borrower and its Affiliates,
      on the one hand, and the Administrative Agent, the Sub-Agents, the Arrangers
      and
      the Lenders, on the other hand, (B) such Borrower has consulted its own legal,
      accounting, regulatory and tax advisors to the extent it has deemed appropriate,
      and (C) such Borrower is capable of evaluating, and understands and accepts,
      the
      terms, risks and conditions of the transactions contemplated hereby and by
      the
      other Loan Documents; (ii) (A) each of the Administrative Agent, the Sub-Agents,
      the Arrangers and the Lenders is and has been acting solely as a principal
      and,
      except as expressly agreed in writing by the relevant parties, has not been,
      is
      not, and will not be acting as an advisor, agent or fiduciary for such Borrower
      or any of its Affiliates, or any other Person and (B) none of the Administrative
      Agent, the Sub-Agents, the Arrangers or the Lenders has any obligation to such
      Borrower or any of its Affiliates with respect to the transactions contemplated
      hereby except those obligations expressly set forth herein and in the other
      Loan
      Documents; and (iii) the Administrative Agent, the Sub-Agents, the Arrangers
      and
      the Lenders and their respective Affiliates may be engaged in a broad range
      of
      transactions that involve interests that differ from those of such Borrower
      and
      its Affiliates, and neither the Administrative Agent, nor any Sub-Agent, nor
      any
      Arranger, nor any Lender has any obligation to disclose any of such interests
      to
      the Borrower or its Affiliates. To the fullest extent permitted by law, each
      of
      the Borrowers hereby waives and releases any claims
      that it may have against the Administrative Agent, the Sub-Agents, the Arrangers
      and the Lenders with respect to any breach or alleged breach of agency or
      fiduciary duty in connection with any aspect of any transaction contemplated
      hereby.

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    Section
      9.19 Patriot
      Act Notice.
      Each Lender that is subject to the Act (as hereinafter defined) and the Agent
      (for itself and not on behalf of any Lender) hereby notifies each Borrower
      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 such Borrower, which information
      includes the name and address of such Borrower and other information that will
      allow such Lender or the Agent, as applicable, to identify such Borrower in
      accordance with the Act.

    

    Section
      9.20 Judgment.
      (a) If for the purposes of obtaining judgment in any court it is necessary
      to
      convert a sum due hereunder in US Dollars or Canadian Dollars 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 Agent could purchase US Dollars or Canadian Dollars with such
      other currency at Bank of America’s principal office in London at 11:00 A.M.
      (London time) on the Business Day preceding that on which final judgment is
      given.

    

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

     

    Section
      9.21 Waiver
      of Right to Trial by Jury.
      EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY
      JURY
      OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT
      OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE
      PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE
      TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER
      ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY
      HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF
      ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO
      THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH
      ANY

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    COURT
      AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER
      OF
      THEIR RIGHT TO TRIAL BY JURY.

     

    

    
      
        
          NYDOCS03/828371

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

     

    IN
      WITNESS WHEREOF, the
      parties hereto have caused this Agreement to be duly executed as of the date
      first above written.

     

    TOYOTA
      MOTOR FINANCE 

     

    (NETHERLANDS)
      B.V.

     

    

    

    By:
      /s/
      Richard Garry     

    Title:
      Power of Attorney

    

    

     

    TOYOTA
      MOTOR CREDIT CORPORATION

     

    

    

    By:
      /s/
      George Borst     

    Title:
      President and Chief Executive Officer

    

    

     

    TOYOTA
      FINANCIAL SERVICES (UK) PLC

     

    

    

    By:
      /s/
      Richard Garry     

    Title:
      Authorized Signatory

    

    

     

    TOYOTA
      KREDITBANK GMBH 

     

    

    

     

    By:
      /s/
      Peter Pollhammer 

     

    Title:
      Managing Director

     

    

    

    By:
      /s/
      Christian Ruben    

    Title:
      Managing Director

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    TOYOTA
      CREDIT DE PUERTO RICO CORP. 

     

    

    

    By:
      /s/
      George Borst     

    Title:
      President and Chief Executive Officer

    

     

    

     

    TOYOTA
      CREDIT CANADA INC.

     

    

    

    By:
      /s/
      Lorenzo Baldesarra    

    Title:
      S.V.P.

    

    

     

    TOYOTA
      LEASING GMBH

     

    

    

    By:
      /s/
      Peter Pollhammer    

    Title:
      Managing Director

     

    

    

    By:
      /s/
      Christian Ruben    

    Title:
      Managing Director

    

    

    BANK
      OF AMERICA, N.A., as
      administrative Agent, Swing Line Agent, a Swingline Lender and a
      Lender

    

     

     

    By:
      /s/
      Alan H. Roche    

    Title:
      Managing Director

    
      
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    BANK
      OF AMERICA, N.A., acting
      through its Canada Branch as Canadian Sub-Agent and as a Lender

    

     

     

    By:
      /s/
      Medina Sales de Andrade   

    Title:
      Vice President

    

    

    CITICORP
      USA, INC, as
      Syndication Agent, a Swing Line Lender and a Lender

    

     

     

    By:
      /s/
      Kevin Ege     

    Title:
      Vice President

    

     

    CITIBANK,
      N.A., CANADIAN BRANCH,
      as a Lender

    

     

     

    By:
      /s/
      Sheryl Homes     

    Title:
      Authorized Signer

    

    

    BANK
      OF TOKYO- MITSUBISHI UFJ , LTD, as
      a Documentation Agent and as a Lender 

    

     

     

    By:
      /s/
      Kimihisa Imada    

    Title:
      General Manager

     

    

     

    

    BANK
      OF TOKYO MITSUBISHI UFJ (CANADA), 

    as
      a Lender

    

     

     

    By:
      /s/
      Yoshio Furuhashi    

    Title:
      President and Chief Executive Officer

    
      
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    BNP
      PARIBAS, 

    as
      a Documentation Agent and as a Lender

    

     

    By:
      /s/
      Andrew Strait     

    Title:
      Managing Director

    

     

     

    By:
      /s/
      Christopher Grumboski   

    Title:
      Director

    

    

    BNP
      PARIBAS (CANADA), 

    as
      a Lender

    

     

     

    By:
      /s/
      Colin Dickinson    

    Title:
      Director Corporate Banking

    

     

     

    By:
      /s/
      Don R. Lee     

    Title:
      Managing Director Corporate Banking

    

     

    

    JP
      MORGAN CHASE BANK N.A., 

    as
      a Documentation Agent and as a Lender

    

     

     

    By:
      /s/
      Frances F. Bonham    

    Title:
      Managing Director

     

    

    JP
      MORGAN CHASE BANK N.A., TORONTO BRANCH 

    as
      a Lender

    

     

     

    By:
      /s/
      Drew McDonald    

    Title:
      Executive Director

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    

     

    

    BARCLAYS
      BANK PLC, 

    as
      a Lender

    

     

     

    By:
      /s/
      Nicholas Bell       

    Title:
      Director

     

    

    

    DEUTSCHE
      BANK AG, NEW YORK BRANCH, 

    as
      a Lender

    

     

     

    By:
      /s/
      Wolfgang Winter    

    Title:
      Manging Director

    

     

    By:
      /s/
      Yvonne Tilden     

    Title:
      Vice President

    

    DEUTSCHE
      BANK AG, CANADA BRANCH, 

    as
      a Lender

    

     

     

    By:
      /s/
      Paul M. Jurist     

    Title:
      Managing Director & Principal Officer

     

     

    By:
      /s/
      Marcellus Leung      

    Title:
      Assistant Vice President

    

    

    HSBC
      BANK USA, NATIONAL ASSOCIATION, 

    as
      a Lender

     

    

    By:
      /s/
      Christopher Samms     

    Title:
      Vice President 

    
      
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    HSBC
      BANK USA, NATIONAL ASSOCIATION (TORONTO BRANCH), 

    as
      a Lender

    

     

     

    By:
      /s/
      Jody Sanderson      

    Title:
      Director  

     

    ROYAL
      BANK OF CANADA, 

    as
      a Lender

    

     

     

    By:
      /s/
      Meredith Majesty      

    Title:
      Authorized Signatory 

    

     

     

    By:
      /s/
      Mark Beck       

    Title:
      Attorney-in-fact

    

     

     

    By:
      /s/
      Michael Ellison      

    Title:
      Managing Director

    

    

    SUMITOMO
      MITSUI BANKING CORPORATION, 

    as
      a Lender

    

     

     

    By:
      /s/
      Yoshiaki Kageyama     

    Title:
      Senior Vice President

    

     

     

    By:
      /s/
      Philippe Devos      

    Title:
      Deputy General Manager

    
      
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    By:
      /s/
      Koichi Matsuki      

    Title:
      Deputy General Manager

    

    

    SUMITOMO
      MITSUI BANKING CORPORATION OF CANADA, 

    as
      a Lender

    

     

     

    By:
      /s/
      Yusuke Ono      

    Title:
      Senior Vice President

     

    

    BANCO
      SANTANDER CENTRAL HISPANO, S.A. NY BRANCH, 

    as
      a Lender

    

     

     

    By:
      /s/
      Ignacio Campillo      

    Title:
      Executive Director

    

     

     

    By:
      /s/
      Jose Castello       

    Title:
      Managing Director

     

    

    CREDIT
      SUISSE, CAYMAN ISLANDS BRANCH 

    as
      a Lender

    

     

     

    By:
      /s/
      Mark E. Gleason     

    Title:
      Managing Director  

    

     

     

    By:
      /s/
      Mikhail Faybusovich      

    Title:
      Associate

    
      
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    FORTIS
      BANK S.A./N.V., 

    as
      a Lender

    

     

     

    By:
      /s/
      Hans De Langhe      

    Title:
      Manager

    

     

     

    By:
      /s/
      Natalie Gilbert      

    Title:
      Manager

    

    

    ING
      BELGIUM FINANCIAL SERVICES DUBLIN LIMITED, 

    as
      a Lender

    

     

     

    By:
      /s/
      Aidan Neill       

    Title:
      Vice President

    

     

     

    By:
      /s/
      Maurice Kenny      

    Title:
      Director

    

     

    

    MERRILL
      LYNCH BANK USA, 

    as
      a Lender

    

     

     

    By:
      /s/
      Derek Befus       

    Title:
      Vice President

     

    

    MIZUHO
      CORPORATE BANK, LTD., 

    as
      a Lender

    

     

     

    By:
      /s/
      Shinji Yamada      

    Title:
      Joint General Manager

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    

     

    

    MIZUHO
      CORPORATE BANK, LTD., 

    as
      Agent for MIZUHO CORPORATE BANK (CANADA)

    

     

     

    By:
      /s/
      Shinji Yamada      

    Title:
      Joint General Manager

     

     

    

    MORGAN
      STANLEY BANK, 

    as
      a Lender

    

     

     

    By:
      /s/
      Daniel Twenge     

    Title:
      Vice President

    

    

    THE
      ROYAL BANK OF SCOTLAND PLC, 

    as
      a Lender

    

     

     

    By:
      /s/
      Frank Guerra      

    Title:
      Managing Director, Autos & Industrials

     

    

    TORONTO
      DOMINION BANK 

    as
      a Lender

    

     

     

    By:
      /s/
      Debbi L. Brito    

    Title:
      Authorized Signatory

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    UBS
      LOAN FINANCE LLC, 

    as
      a Lender

    

     

     

    By:
      /s/
      Richard L. Tavrow    

    Title:
      Director

    

     

    By:
      /s/
      Irja R. Otsa 

     

    Title:
      Associate Director 

    

    

    UBS
      AG CANADA BRANCH, 

    as
      a Lender

    

     

     

    By:
      /s/
      Amy Fung     

    Title:
      Director

    

     

     

    By:
      /s/
      Barbara Ezell-McMichael   

    Title:
      Associate Director

    

    BANK
      OF MONTREAL, LONDON BRANCH

    as
      a Lender

    

     

     

    By:
      /s/
      A.L. Ebdon     

    Title:
      Director

     

    

    BANK
      OF MONTREAL, TORONTO BRANCH

    as
      a Lender

    

     

     

    By:
      /s/
      Ben Ciallella     

    Title:
      Vice President

    
      
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    BANK
      OF MONTREAL, CHICAGO BRANCH

    as
      a Lender

    

     

     

    By:
      /s/
      Stephen Maenhout    

    Title:
      Vice President

    

    BANK
      OF MONTREAL IRELAND PLC

    as
      a Lender

    

     

     

    By:
      /s/
      Finbarr Farrell     

    Title:
      Risk Manager

    

    CIBC,
      INC., 

    as
      a Lender

     

     

    By:
      /s/
      Dominic J. Sorresso    

    Title:
      Executive Director

     

    CIBC
      World Markets Corp. Authorized Signatory

     

    

    CANADIAN
      IMPERIAL BANK OF COMMERCE,

    as
      a Lender

    

     

     

    By:
      /s/
      David J. Cohen    

    Title:
      Executive Director

    

     

     

    By:
      /s/
      Patti Perras Shugart    

    Title:
      Managing Director

    

    

    DRESDNER
      BANK AG NEW YORK BRANCH AND GRAND CAYMAN BRANCH, 

    as
      a Lender 

    

    By:
      /s/
      Mark van der Griend    

    Title:
      Managing Director

    
      
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    By:
      /s/
      Joseph M. Mormak    

    Title:
      Vice President 

    

    INTESA
      SANPAOLO S.P.A., 

    as
      a Lender

    

     

     

    By:
      /s/
      Vittorio Oliva     

    Title:
      Co-Chief Manager of London Branch

    

     

     

    By:
      /s/
      Guy Pashley     

    Title:
      Senior Relationship Manager-Nordic Region

     

    

    SCOTIABANC,
      INC., 

    as
      a Lender

    

     

     

    By:
      /s/
      William E. Zarrett    

    Title:
      Managing Director

     

    

    THE
      BANK OF NOVA SCOTIA,

    as
      a Lender

    

     

     

    By:
      /s/
      William E. Zarrett    

    Title:
      Managing Director

    

    

    WACHOVIA
      BANK, NATIONAL ASSOCIATION, 

    as
      a Lender

    

     

     

    By:
      /s/
      James Travagline    

    Title:
      Vice President

    
      
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    COMERICA
      BANK, 

    as
      a Lender

    

     

     

    By:
      /s/
      Toru Ogura     

    Title:
      Vice President

     

    

    FIFTH
      THIRD BANK, 

    as
      a Lender

    

     

     

    By:
      /s/
      Gary Losey     

    Title:
      Vice President

    

    KBC
      BANK NV DUBLIN BRANCH, 

    as
      a Lender

    

     

     

    By:
      /s/
      Elizabeth Stafford    

    Title:
      Manager

     

     

    By:
      /s/
      Michael P. Monaghan    

    Title:
      General Manager 

    

    MELLON
      BANK, N.A., 

    as
      a Lender

    

     

     

    By:
      /s/
      David B. Wirl     

    Title:
      First Vice President

     

    

    SOCIETE
      GENERALE, 

    as
      a Lender

     

     

    By:
      /s/
      Carol Radice     

    Title:
      Director

     

    

    SOCIETE
      GENERALE (CANADA BRANCH), 

    as
      a Lender

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

     

    By:
      /s/
      David Baldoni    

    Title:
      Managing Director

    

    By:
      /s/
      Vincent Gonzalez    

    Title:
      Vice President

    

    NORDEA
      BANK FINLAND PLC, 

    as
      a Lender

    

     

     

    By:
      /s/
      Henrik M. Steffensen    

    Title:
      Senior Vice President

     

     

    By:
      /s/
      Gerald E. Chelius, Jr.    

    Title:
      SVP Credit

    

    PNC
      BANK, NATIONAL ASSOCIATION, 

    as
      a Lender

    

     

     

    By:
      /s/
      Philip K. Liebscher    

    Title:
      Senior Vice President

     

    

    THE
      BANK OF NEW YORK, 

    as
      a Lender

    

     

     

    By:
      /s/
      Robert Besser     

    Title:
      Vice President

     

    

    BANCO
      POPULAR DE PUERTO RICO,

    as
      Lender

    

     

     

    By:
      /s/
      Hector J. Gonzalez    

    Title:
      Vice President

     

    

     

    

    
      
        
          NYDOCS03/828371

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    SCHEDULE
      1.1

     

    MANDATORY
      COST FORMULAE

     

    1.The
      Mandatory Cost (to the extent applicable) is an addition to the interest rate
      to
      compensate Lenders for the cost of compliance with:

     

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

     

    (b)the
      requirements of the European Central Bank.

     

    2.On
      the first day of each Interest Period (or as soon as possible thereafter) the
      Administrative Agent shall calculate, as a percentage rate, a rate (the
“Additional
      Cost Rate”)
      for each Lender, in accordance with the paragraphs set out below. The Mandatory
      Cost will be calculated by the Administrative Agent as a weighted average of
      the
      Lenders’ Additional Cost Rates (weighted in proportion to the percentage
      participation of each Lender in the relevant Loan) and will be expressed as
      a
      percentage rate per annum.
      The Administrative Agent will, at the request of any Borrower or any Lender,
      deliver to such Borrower or such Lender as the case may be, a statement setting
      forth the calculation of any Mandatory Cost.

     

    3.The
      Additional Cost Rate for any Lender lending from a Lending Office in a
      Participating Member State will be the percentage notified by that Lender to
      the
      Administrative Agent. This percentage will be certified by such Lender in its
      notice to the Administrative Agent to be its reasonable determination of the
      cost (expressed as a percentage of such Lender’s participation in all Loans made
      from such Lending Office) of complying with the minimum reserve requirements
      of
      the European Central Bank in respect of Loans made from that Lending
      Office.

     

    4.The
      Additional Cost Rate for any Lender lending from a Lending Office in the United
      Kingdom will be calculated by the Administrative Agent as follows:

     

    (a)in
      relation to any Loan in Sterling:

     

    
      	
              AB+C(B-D)+E
                x 0.01

            	
              per
                cent per annum

            
	
              100
                - (A+C)

            

    

     

    (b)in
      relation to any Loan in any currency other than Sterling:

     

    
      	
              E
                x 0.01 

            	
              per
                cent per annum

            
	
              300

            

    

     

    Where:

     

    “A” is
      the percentage of Eligible Liabilities (assuming these to be in excess of any
      

     

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    stated
      minimum) which that Lender is from time to time required to maintain as an
      interest free cash ratio deposit with the Bank of England to comply with cash
      ratio requirements.

     

    “B” is
      the percentage rate of interest (excluding the Applicable Rate, the Mandatory
      Cost and any interest charged on overdue amounts pursuant to the first sentence
      of Section
      2.08(b)
      and, in the case of interest (other than on overdue amounts) charged at the
      Default Rate, without counting any increase in interest rate effected by the
      charging of the Default Rate) payable for the relevant Interest Period of such
      Loan.

     

    “C” is
      the percentage (if any) of Eligible Liabilities which that Lender is required
      from time to time to maintain as interest bearing Special Deposits with the
      Bank
      of England.

     

    “D” is
      the percentage rate per annum payable by the Bank of England to the
      Administrative Agent on interest bearing Special Deposits.

     

    “E” is
      designed to compensate Lenders for amounts payable under the Fees Rules and
      is
      calculated by the Administrative Agent as being the average of the most recent
      rates of charge supplied by the Lenders to the Administrative Agent pursuant
      to
paragraph
      7
      below and expressed in pounds per £1,000,000.

     

    5.For
      the purposes of this Schedule:

     

    (a)“Eligible
      Liabilities”
      and “Special
      Deposits”
      have the meanings given to them from time to time under or pursuant to the
      Bank
      of England Act 1998 or (as may be appropriate) by the Bank of
      England;

     

    (b)“Fees
      Rules”
      means the rules on periodic fees contained in the FSA Supervision Manual or
      such
      other law or regulation as may be in force from time to time in respect of
      the
      payment of fees for the
      acceptance of deposits;

     

    (c)“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 taking into account any applicable discount rate);
      and

     

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

     

    6.In
      application of the above formulae, A, B, C and D will be included in the
      formulae as percentages (i.e.
      5% will be included in the formula as 5 and not as 0.05). A negative result
      obtained by subtracting D from B shall be taken as zero. The resulting figures
      shall be rounded to four decimal places.

     

    7.If
      requested by the Administrative Agent or any Borrower, each Lender with a
      Lending Office in the United Kingdom or a Participating Member State shall,
      as
      soon as

     

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    practicable
      after publication by the Financial Services Authority, supply to the
      Administrative Agent and such Borrower, the rate of charge payable by such
      Lender to the Financial Services Authority pursuant to the Fees Rules in respect
      of the relevant financial year of the Financial Services Authority (calculated
      for this purpose by such Lender as being the average of the Fee Tariffs
      applicable to such Lender for that financial year) and expressed in pounds
      per
£1,000,000 of the Tariff Base of such Lender.

     

    8.Each
      Lender shall supply any information required by the Administrative Agent for
      the
      purpose of calculating its Additional Cost Rate. In particular, but without
      limitation, each Lender shall supply the following information in writing on
      or
      prior to the date on which it becomes a Lender:

     

    (a)the
      jurisdiction of the Lending Office out of which it is making available its
      participation in the relevant Loan; and

     

    (b)any
      other information that the Administrative Agent may reasonably require for
      such
      purpose.

     

     

    Each
      Lender shall promptly notify the Administrative Agent in writing of any change
      to the information provided by it pursuant to this paragraph.

     

    9.The
      percentages of each Lender for the purpose of A and C above and the rates of
      charge of each Lender for the purpose of E above shall be determined by the
      Administrative Agent based upon the information supplied to it pursuant to
      paragraphs
      7
      and 8
      above and on the assumption that, unless a Lender notifies the Administrative
      Agent to the contrary, each Lender’s obligations in relation to cash ratio
      deposits and Special Deposits are the same as those of a typical bank from
      its
      jurisdiction of incorporation with a Lending Office in the same jurisdiction
      as
      its Lending Office.

     

    10.The
      Administrative Agent shall have no liability to any Person if such determination
      results in an Additional Cost Rate which over- or under-compensates any Lender
      and shall be entitled to assume that the information provided by any Lender
      pursuant to paragraphs
      3,
      7
      and 8
      above is true and correct in all respects.

     

    11.The
      Administrative Agent shall distribute the additional amounts received as a
      result of the Mandatory Cost to the Lenders on the basis of the Additional
      Cost
      Rate for each Lender based on the information provided by each Lender pursuant
      to paragraphs
      3,
      7
      and 8
      above.

     

    12.Any
      determination by the Administrative Agent pursuant to this Schedule in relation
      to a formula, the Mandatory Cost, an Additional Cost Rate or any amount payable
      to a Lender shall, in the absence of manifest error, be conclusive and binding
      on all parties hereto.

     

    13.The
      Administrative Agent may from time to time, after consultation with the
      Borrowers and the Lenders, determine and notify to all parties any amendments
      which are required to be made to this Schedule in order to comply with any
      change in law, regulation or any requirements from time to time imposed by
      the
      Bank of England, the Financial Services Authority or the European Central Bank
      (or, in any case, any other authority which 

     

    
      
        NYDOCS03/828371

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    replaces
      all or any of its functions) and any such determination shall, in the absence
      of
      manifest error, be conclusive and binding on all parties hereto.

     

     

    

    

    

    
      
        
          NYDOCS03/828371

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    SCHEDULE
      2.1

     

    COMMITMENTS

     

    AND
      PRO RATA SHARES

     

    
      	
              Lender

               

            	
              Tranche
                A Commitment

               

            	
              Tranche
                B Commitment

               

            	
              Tranche
                C Commitment

               

            	
              Tranche
                D Commitment

               

            	
              Swing
                Line Commitment

               

            	
              Commitment
                Cap

               

            
	
              Bank
                of America, N.A. (Tranche C Commitment is held by Bank of America,
                Canada
                Branch)

               

            	
              557,333,333

               

            	
              31,333,333

               

            	
              41,666,667

               

            	
              50,666,667

               

            	
              1,000,000,000

               

            	
              603,333,333

               

            
	
              Citicorp
                USA, Inc. (Tranche C Commitment is held by Citibank, N.A., Canadian
                Branch)

               

            	
              557,333,333

               

            	
              31,333,333

               

            	
              41,666,667

               

            	
              50,666,667

               

            	
              1,000,000,000

               

            	
              603,333,333

               

            
	
              Bank
                of Tokyo-Mitsubishi UFJ, Ltd (Tranche C Commitment is held by Bank
                of
                Tokyo Mitsubishi UFJ (Canada))

               

            	
              449,333,333

               

            	
              24,666,667

               

            	
              33,333,333

               

            	
              40,000,000

               

            	
              0

               

            	
              483,333,333

               

            
	
              BNP
                Paribas (Tranche C Commitment is held by BNP Paribas
                (Canada))

               

            	
              456,000,000

               

            	
              24,666,667

               

            	
              16,666,667

               

            	
              40,000,000

               

            	
              0

               

            	
              483,333,333

               

            
	
              JP
                Morgan Chase Bank NA (Tranche C Commitment is held by JP Morgan Chase
                Bank, N.A., Toronto Branch)

               

            	
              456,000,000

               

            	
              24,666,667

               

            	
              16,666,667

               

            	
              40,000,000

               

            	
              0

               

            	
              483,333,333

               

            
	
              Barclays
                Bank PLC

               

            	
              321,333,333

               

            	
              16,000,0000

               

            	
              0

               

            	
              28,666,667

               

            	
              0

               

            	
              333,333,333

               

            

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    
      	 	 	 	 	 	 	 
	
              Deutsche
                Bank AG, New York Branch (Tranche C Commitment is held by Deutsche
                Bank
                AG, Canada Branch)

               

            	
              311,333,333

               

            	
              16,000,0000

               

            	
              16,666,667

               

            	
              28,666,667

               

            	
              0

               

            	
              333,333,333

               

            
	
              HSBC
                Bank USA, National Association (Tranche C Commitment is held by HSBC
                Bank
                USA, National Assoication (Toronto Branch)

               

            	
              311,333,333

               

            	
              16,000,0000

               

            	
              16,666,667

               

            	
              28,666,667

               

            	
              0

               

            	
              333,333,333

               

            
	
              Royal
                Bank of Canada

               

            	
              248,000,000

               

            	
              16,000,0000

               

            	
              133,333,333

               

            	
              28,666,667

               

            	
              0

               

            	
              333,333,333

               

            
	
              Sumitomo
                Mitsui Banking Corporation (Tranche C Commitment is held by Sumitomo
                Mitsui Banking Corporation of Canada)

               

            	
              304,666,667

               

            	
              16,000,0000

               

            	
              33,333,333

               

            	
              28,666,667

               

            	
              0

               

            	
              333,333,333

               

            
	
              Banco
                Santander Central Hispano, S.A. NY Branch

               

            	
              224,500,000

               

            	
              11,333,333

               

            	
              0

               

            	
              21,333,333

               

            	
              0

               

            	
              233,333,333

               

            
	
              Credit
                Suisse, Cayman Islands Branch

               

            	
              224,500,000

               

            	
              11,333,333

               

            	
              0

               

            	
              21,333,333

               

            	
              0

               

            	
              233,333,333

               

            
	
              Fortis
                Bank S.A./N.V.

               

            	
              228,000,000

               

            	
              0

               

            	
              0

               

            	
              21,333,333

               

            	
              0

               

            	
              233,333,333

               

            
	
              ING
                Belgium Financial Services Dublin Limited

               

            	
              224,500,000

               

            	
              11,333,333

               

            	
              0

               

            	
              21,333,333

               

            	
              0

               

            	
              233,333,333

               

            
	
              Merrill
                Lynch Bank USA

               

            	
              0

               

            	
              233,333,333

               

            	
              0

               

            	
              0

               

            	
              0

               

            	
              233,333,333

               

            

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    
      	
              Mizuho
                Corporate Bank, Ltd. Los Angeles Agency (Tranche C Commitment is
                held by
                Mizuho Corporate Bank (Canada))

               

            	
              214,500,000

               

            	
              11,333,333

               

            	
              16,666,667

               

            	
              21,333,333

               

            	
              0

               

            	
              233,333,333

               

            
	
              Morgan
                Stanley Bank

               

            	
              224,500,000

               

            	
              11,333,333

               

            	
              0

               

            	
              21,333,333

               

            	
              0

               

            	
              233,333,333

               

            
	
              The
                Royal Bank of Scotland plc

               

            	
              224,500,000

               

            	
              11,333,333

               

            	
              0

               

            	
              21,333,333

               

            	
              0

               

            	
              233,333,333

               

            
	
              The
                Toronto Dominion Bank

               

            	
              187,833,333

               

            	
              11,333,333

               

            	
              66,666,667

               

            	
              21,333,333

               

            	
              0

               

            	
              233,333,333

               

            
	
              UBS
                Loan Finance LLC (Tranche C Commitment is held by UBS AG Canada
                Branch)

               

            	
              214,500,000

               

            	
              11,333,333

               

            	
              16,666,667

               

            	
              21,333,333

               

            	
              0

               

            	
              233,333,333

               

            
	
              Bank
                of Montreal

               

            	
              84,500,000

               

            	
              8,000,000

               

            	
              66,666,667

               

            	
              12,666,667

               

            	
              0

               

            	
              126,666,667

               

            
	
              CIBC,
                Inc. (Tranche C Commitment is held by Canadian Imperial Bank of
                Commerce)

               

            	
              67,833,333

               

            	
              8,000,000

               

            	
              100,000,000

               

            	
              12,666,667

               

            	
              0

               

            	
              126,666,667

               

            
	
              Dresdner
                Bank AG New York Branch and Grand Cayman Branch

               

            	
              121,166,667

               

            	
              8,000,000

               

            	
              0

               

            	
              12,666,667

               

            	
              0

               

            	
              126,666,667

               

            
	
              Intesa
                Sanpaolo S.p.A.

               

            	
              126,666,667

               

            	
              0

               

            	
              0

               

            	
              0

               

            	
              0

               

            	
              126,666,667

               

            
	
              Scotiabanc
                Inc. (Tranche C Commitment is held by The Bank of Nova
                Scotia)

               

            	
              104,500,000

               

            	
              8,000,000

               

            	
              33,333,333

               

            	
              12,666,667

               

            	
              0

               

            	
              126,666,667

               

            

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    
      	
              Wachovia
                Bank, National Association

               

            	
              121,166,667

               

            	
              8,000,000

               

            	
              0

               

            	
              12,666,667

               

            	
              0

               

            	
              126,666,667

               

            
	
              Comerica
                Bank

               

            	
              63,166,667

               

            	
              6,000,000

               

            	
              0

               

            	
              6,666,667

               

            	
              0

               

            	
              66,666,667

               

            
	
              Fifth
                Third Bank

               

            	
              64,833,333

               

            	
              6,000,000

               

            	
              0

               

            	
              0

               

            	
              0

               

            	
              66,666,667

               

            
	
              KBC
                Bank NV Dublin Branch

               

            	
              65,000,000

               

            	
              0

               

            	
              0

               

            	
              6,666,667

               

            	
              0

               

            	
              66,666,667

               

            
	
              Mellon
                Bank, N.A.

               

            	
              63,166,667

               

            	
              6,000,000

               

            	
              0

               

            	
              6,666,667

               

            	
              0

               

            	
              66,666,667

               

            
	
              Societe
                Generale (Tranche C Commitment is held by Societe Generale (Canada
                Branch))

               

            	
              53,166,667

               

            	
              6,000,000

               

            	
              16,666,667

               

            	
              6,666,667

               

            	
              0

               

            	
              66,666,667

               

            
	
              Nordea
                Bank Finland plc

               

            	
              63,833,333

               

            	
              4,000,000

               

            	
              0

               

            	
              6,666,667

               

            	
              0

               

            	
              66,666,667

               

            
	
              PNC
                Bank, National Association

               

            	
              63,833,333

               

            	
              4,000,000

               

            	
              0

               

            	
              6,666,667

               

            	
              0

               

            	
              66,666,667

               

            
	
              The
                Bank of New York

               

            	
              63,833,333

               

            	
              4,000,000

               

            	
              0

               

            	
              6,666,667

               

            	
              0

               

            	
              66,666,667

               

            
	
              Banco
                Popular de Puerto Rico

               

            	
              0

               

            	
              50,000,000

               

            	
              0

               

            	
              0

               

            	
              0

               

            	
              50,000,000

               

            
	
              TOTAL:

               

            	
              7,066,666,667

               

            	
              666,666,667

               

            	
              666,666,667

               

            	
              666,666,667

               

            	
              2,000,000,000

               

            	
              8,000,000,000

               

            

    

    

     

    
      
        
           

          

        

        4

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    

     

    
      	
              Lender

               

            	
              Pro
                Rata Share of Tranche A

               

            	
              Pro
                Rata Share of Tranche B

               

            	
              Pro
                Rata Share of Tranche C

               

            	
              Pro
                Rata Share of Tranche D

               

            	
              Pro
                Rata Share of Commitment Cap

               

            
	
              Bank
                of America, N.A. (Tranche C Commitment is held by Bank of America,
                Canada
                Branch)

               

            	
              7.886792462%

               

            	
              4.699999948%

               

            	
              6.250000047%

               

            	
              7.599999746%

               

            	
              7.541666675%

               

            
	
              Citicorp
                USA, Inc. (Tranche C Commitment is held by Citibank, N.A., Canadian
                Branch)

               

            	
              7.886792462%

               

            	
              4.699999948%

               

            	
              6.250000047%

               

            	
              7.599999896%

               

            	
              7.541666675%

               

            
	
              Bank
                of Tokyo-Mitsubishi UFJ, Ltd (Tranche C Commitment is held by Bank
                of
                Tokyo Mitsubishi UFJ (Canada))

               

            	
              6.356490561%

               

            	
              3.700000048%

               

            	
              4.999999948%

               

            	
              5.999999997%

               

            	
              6.041666663%

               

            
	
              BNP
                Paribas (Tranche C Commitment is held by BNP Paribas
                (Canada))

               

            	
              6.452830188%

               

            	
              3.700000048%

               

            	
              2.500000049%

               

            	
              5.999999997%

               

            	
              6.041666663%

               

            
	
              JP
                Morgan Chase Bank NA (Tranche C Commitment is held by JP Morgan Chase
                Bank, N.A., Toronto Branch)

               

            	
              6.452830188%

               

            	
              3.700000048%

               

            	
              2.500000049%

               

            	
              5.999999997%

               

            	
              6.041666663%

               

            
	
              Barclays
                Bank PLC

               

            	
              4.547169806%

               

            	
              2.399999999%

               

            	
              0

               

            	
              4.300000048%

               

            	
              4.166666663%

               

            
	
              Deutsche
                Bank AG, New York Branch (Tranche C Commitment is held by Deutsche
                Bank
                AG, Canada Branch)

               

            	
              4.405660372%

               

            	
              2.399999999%

               

            	
              2.500000049%

               

            	
              4.300000048%

               

            	
              4.166666663%

               

            

    

    
      
        

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              HSBC
                Bank USA, National Association (Tranche C Commitment is held by HSBC
                Bank
                USA, National Assoication (Toronto Branch)

               

            	
              4.405660372%

               

            	
              2.399999999%

               

            	
              2.500000049%

               

            	
              4.300000048%

               

            	
              4.166666663%

               

            
	
              Royal
                Bank of Canada

               

            	
              3.509433962%

               

            	
              2.399999999%

               

            	
              19.999999640%

               

            	
              4.300000048%

               

            	
              4.166666663%

               

            
	
              Sumitomo
                Mitsui Banking Corporation (Tranche C Commitment is held by Sumitomo
                Mitsui Banking Corporation of Canada)

               

            	
              4.311320759%

               

            	
              2.399999999%

               

            	
              4.999999948%

               

            	
              4.300000048%

               

            	
              4.166666663%

               

            
	
              Banco
                Santander Central Hispano, S.A. NY Branch

               

            	
              3.176886792%

               

            	
              1.699999949%

               

            	
              0

               

            	
              3.199999948%

               

            	
              2.916666663%

               

            
	
              Credit
                Suisse, Cayman Islands Branch

               

            	
              3.176886792%

               

            	
              1.699999949%

               

            	
              0

               

            	
              3.199999948%

               

            	
              2.916666663%

               

            
	
              Fortis
                Bank S.A./N.V.

               

            	
              3.226415094%

               

            	
              0

               

            	
              0

               

            	
              3.199999948%

               

            	
              2.916666663%

               

            
	
              ING
                Belgium Financial Services Dublin Limited

               

            	
              3.176886792%

               

            	
              1.699999949%

               

            	
              0

               

            	
              3.199999948%

               

            	
              2.916666663%

               

            
	
              Merrill
                Lynch Bank USA

               

            	
              0

               

            	
              35.000000383%

               

            	
              0

               

            	
              0

               

            	
              2.916666663%

               

            
	
              Mizuho
                Corporate Bank, Ltd. Los Angeles Agency (Tranche C Commitment is
                held by
                Mizuho Corporate Bank (Canada))

               

            	
              3.035377358%

               

            	
              1.699999949%

               

            	
              2.500000049%

               

            	
              3.199999948%

               

            	
              2.916666663%

               

            
	
              Morgan
                Stanley Bank

               

            	
              3.176886792%

               

            	
              1.699999949%

               

            	
              0

               

            	
              3.199999948%

               

            	
              2.916666663%

               

            
	
              The
                Royal Bank of Scotland plc

               

            	
              3.176886792%

               

            	
              1.699999949%

               

            	
              0

               

            	
              3.199999948%

               

            	
              2.916666663%

               

            

    

    
      
        

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              The
                Toronto Dominion Bank

               

            	
              2.658018863%

               

            	
              1.699999949%

               

            	
              10.000000045%

               

            	
              3.199999948%

               

            	
              2.916666663%

               

            
	
              UBS
                Loan Finance LLC (Tranche C Commitment is held by UBS AG Canada
                Branch)

               

            	
              3.035377358%

               

            	
              1.699999949%

               

            	
              2.500000049%

               

            	
              3.199999948%

               

            	
              2.916666663%

               

            
	
              Bank
                of Montreal

               

            	
              1.195754717%

               

            	
              1.200000001%

               

            	
              10.000000045%

               

            	
              1.900000049%

               

            	
              1.583333338%

               

            
	
              CIBC,
                Inc. CIBC, Inc. (Tranche C Commitment is held by Canadian Imperial
                Bank of
                Commerce)

               

            	
              0.959905656%

               

            	
              1.200000001%

               

            	
              14.999999993%

               

            	
              1.900000049%

               

            	
              1.583333338%

               

            
	
              Dresdner
                Bank AG New York Branch and Grand Cayman Branch

               

            	
              1.714622646%

               

            	
              1.200000001%

               

            	
              0

               

            	
              1.900000049%

               

            	
              1.583333338%

               

            
	
              Intesa
                Sanpaolo S.p.A.

               

            	
              1.792452835%

               

            	
              0

               

            	
              0

               

            	
              0

               

            	
              1.583333338%

               

            
	
              Scotiabanc
                Inc. (Tranche C Commitment is held by The Bank of Nova
                Scotia)

               

            	
              1.478773585%

               

            	
              1.200000001%

               

            	
              4.999999948%

               

            	
              1.900000049%

               

            	
              1.583333338%

               

            
	
              Wachovia
                Bank, National Association

               

            	
              1.714622646%

               

            	
              1.200000001%

               

            	
              0

               

            	
              1.900000049%

               

            	
              1.583333338%

               

            
	
              Comerica
                Bank

               

            	
              0.893867929%

            	
              0.900000001%

               

            	
              0

               

            	
              1.000000050%

               

            	
              0.833333338%

               

            
	
              Fifth
                Third Bank

               

            	
              0.917452825%

            	
              0.900000000%

               

            	
              0

               

            	
              0

               

            	
              0.833333338%

               

            
	
              KBC
                Bank NV Dublin Branch

               

            	
              0.919811321%

               

            	
              0

               

            	
              0

               

            	
              1.000000050%

               

            	
              0.833333338%

               

            
	
              Mellon
                Bank, N.A.

               

            	
              0.893867929%

               

            	
              0.900000000%

               

            	
              0

               

            	
              1.000000050%

               

            	
              0.833333338%

               

            

    

    
      
        

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Societe
                Generale (Tranche C Commitment is held by Societe Generale (Canada
                Branch))

               

            	
              0.752358495%

               

            	
              0.900000000%

               

            	
              2.500000049%

               

            	
              1.000000050%

               

            	
              0.833333338%

               

            
	
              Nordea
                Bank Finland plc

               

            	
              0.903301882%

               

            	
              0.600000000%

               

            	
              0

               

            	
              1.000000050%

               

            	
              0.833333338%

               

            
	
              PNC
                Bank, National Association

               

            	
              0.903301882%

               

            	
              0.600000000%

               

            	
              0

               

            	
              1.000000050%

               

            	
              0.833333338%

               

            
	
              The
                Bank of New York

               

            	
              0.903301882%

               

            	
              0.600000000%

               

            	
              0

               

            	
              1.000000050%

               

            	
              0.833333338%

               

            
	
              Banco
                Popular de Puerto Rico

               

            	
              0

               

            	
              7.499999996%

               

            	
              0

               

            	
              0

               

            	
              0.625000000%

               

            
	
              TOTAL:

               

            	
              100.00%

               

            	
              100.00%

               

            	
              100.00%

               

            	
              100.00%

               

            	
              100%

               

            

    

    

    
      
        
          

           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

     

    SCHEDULE
      4.1(d)

     

    

    LIST
      OF AGREEMENTS TO BE TERMINATED

    

     

    Agreements
      to be terminated on or before the Closing Date

     

    

     

    Full
      Name   Amount         Date
      

    

    
      	
              Toyota
                Financial Services (UK) plc, Toyota (GB) plc and 
                Toyota
                  Motor

                Finance

                Netherlands)
                  

                B.V.
                  

                €800,000,000
                  

                Facility
                  

                Agreement. 

              

               

            	
                      €550,000,000

            	
              12/16/2005

            

    

     

                   Total:  €550,000,000

     

    

     

    

    
      
        
          

           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    SCHEDULE
      9.2

     

    ADMINISTRATIVE
      AGENT’S OFFICE,

     

    CERTAIN
      ADDRESSES FOR NOTICES

     

    

    

    ADMINISTRATIVE
      AGENT:

    

    Administrative
      Agent’s
      Office 

    (for
      Notices of Payments and Requests for Loans):

    Bank
      of America, N.A.

    2001
      Clayton Road

    Concord,
      CA 94520

    Mail
      Code: CA4-702-02-25

    Attention:
      Kristine Kelleher

    
      	  	
              Telephone:(925)
                675-8373

            

    

    
      	  	
              Facsimile:
                (888)
                969-2414

            

    

    
      	  	
              Electronic
                Mail:
                kristine.l.kelleher@bankofamerica.com

            

    

    
      	  	 

    

    
      	 	
            

    

    
      (for
        Payments):

    

    US
      Dollars

    Bank
      of America NA

    New
      York, NY

    ABA
      026009593

    Acct:
      3750836479

    Ref: 
      Toyota Motor Credit

    Attn: 
      Kristine Kelleher

    
      	  	 

    

    Euro

    Bank
      of America 

    London,
      England

    Swift
      BOFAGB22

    Acct:
      65280019

    Ref: 
      Toyota Motor Credit

     

    Sterling

    Bank
      of America

    London,
      England

    Sort
      Code: 16-50-50

    Swift
      Code BOFAGB22

    Acct:
      65280027

    Ref: 
      Toyota Motor Credit

     

    Canadian
      Dollars

    Bank
      of America

    Toronto
      Canada

    Transit
      # 01312

    
      
        

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Swift
      Code:  BOFACATT

    Acct:
      711465003220

    Ref: 
      Toyota Motor Credit

    
      	  	 

    

    
      	  	 

    

    
      	  	 

    

    
      	  	 

    

    (Other
      Notices as Administrative Agent):

    

    Bank
      of America, N.A.

    Agency
      Management

    335
      Madison Avenue

    Mail
      Code: NY1-503-04-03

    New
      York, NY 10017

    Attn:
      Steven Gazzillo

    
      	 	
              Telephone:(212)
                503-8328

            

    

    
      	  	
              Facsimile:
                (212)
                901-7842

            

    

    
      	  	
              Electronic
                Mail:
                steven.gazzillo@bankofamerica.com

            

    

    

    CANADIAN
      SUB-AGENT:

    

    (for
      Notices of Payments and Requests for Loans):

    Bank
      of America, N.A., Canada Branch

    200
      Front Street West, Suite 2700

    Toronto,
      Ontario M5V3L2

    Attention:
      Clara McGibbon

    
      	  	
              Telephone:(416)
                349-5484

            

    

    
      	  	
              Facsimile:
                (416)
                349-4282

            

    

    
      	  	
              Electronic
                Mail:
                clara.mcgibbon@bankofamerica.com

            

    

    
      	  	 

    

    
      	 	
              (for
                Payments):

            

    

    
      	
              US
                Dollar

            
	
              BankAmerica
                International New York

            
	
              335
                Madison Avenue, New York, NY. 10017

            
	
              Swift
                Code: BOFAUS3N 

              ABA#
                026009593

            
	
              For
                the Account of: Bank of America, Canada Branch

            
	
              Account
                #: 65502-01805

            
	
              Swift
                Code: BOFACATT

            
	
              Ref:
                Toyota Credit Canada Inc.

            

    

    
      	 	 

    

    
      	
              Canadian
                Dollar

            

    

    
      
        

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              LVTS
                - Large Value Transaction System

            
	 
	
              Bank
                of America, N.A., Canada Branch

            
	
              200
                Front Street West, Toronto

            
	
              Attn:
                Agency Loans Admin.

            
	
              Swift
                Code: BOFACATT

            
	
              Transit
                #: 56792-241 Account #: 90083255

            
	
              Ref:
                Toyota Credit Canada Inc.

            
	
              Euro

            
	
              BANK
                OF AMERICA NT & SA LONDON SWIFT CODE BOFAGB22

            
	
              FOR
                THE ACCOUNT OF BANK OF AMERICA NA CANADA BRANCH,

              ACCOUNT
                # 6008-14866034, SWIFT CODE: BOFACATT. 

            
	
              ATTENTION:
                LOANS DEPARTMENT.

              Ref:
                Toyota Credit Canada Inc.

            
	 
	
              Sterling

            
	
              BANK
                OF AMERICA NT & SA LONDON SWIFT CODE BOFAGB22

            
	
              FOR
                THE ACCOUNT OF BANK OF AMERICA NA CANADA BRANCH, ACCOUNT # 14866-018,
                SWIFT CODE: BOFACATT. 

            
	
              ATTENTION:
                LOANS DEPARTMENT.

              Ref:
                Toyota Credit Canada Inc.

            
	 

    

    
      	  	 

    

    
      	  	 

    

    SWING
      LINE AGENT:

    (for
      Notices of Payments and Requests for Loans):

    
      	  	 

    

    Bank
      of America NA

    London
      E14 5AQ

    United
      Kingdom

    Fax
      number: +44
      208 313 2149

    E-mail:  emea.7115loansagency@bankofamerica.com

    Attention: Loans
      Agency

    
      	  	 

    

    
      	 	
              (for
                Payments):

            

    

    US
      Dollars

     BANK
      OF AMERICA NA, NEW YORK 

    ACCOUNT
      BANK OF AMERICA NA, LONDON 

    A/C
      6550360564

    ATTN:
      LOANS AGENCY

    
      
        

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	 	 

    

    Euro

    BANK
      OF AMERICA NA., LONDON (SWIFT BOFAGB22)

    ACCOUNT
      NUMBER: GB54BOFA16505096008050

    ATTN:
      LOANS AGENCY

    

    Sterling

    BANK
      OF AMERICA N.A., LONDON (SWIFT BOFAGB22)

    CHAPS
      SORT CODE: 16-50-50

    ACCOUNT
      NO. 11020104

    ATTN:
      LOANS AGENCY

    

    Canadian
      Dollar

    BANK
      OF AMERICA NA., TORONTO CANADA BRANCHE

    ACCOUNT
      BANK OF AMERICA NA, LONDON 

    ACCOUNT
      NO. 65652225

    ATTN:
      LOANS AGENCY

    

    

    BORROWERS:

    

     

    Toyota
      Motor Credit Corporation

     

    19001
      South Western Avenue 

    P.O.
      Box 2958

    Mail
      Stop NF-10

    Torrance,
      CA 90509-2958

    Attention:
      Janet Rydell, Cash Manager and Jeff Carter, National Treasury
      Manager

    Telephone:
      (310) 468-6176

    Facsimile:
      (310) 381-5219

    

    Toyota
      Motor Finance (Netherlands) B.V.

     

    c/o
      Toyota Financial Services (UK) plc

    Great
      Burgh

    Burgh
      Heath Epson

    Surrey
      KT185UZ

    United
      Kingdom

    Attention:
      Treasury Manager

    Telephone:
      44 (0) 1737 365 590

    Facsimile:
      44 (0) 1737 365 596

    

    With
      a copy to:

     

    Toyota
      Motor Credit Corporation

    
      
        

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    19001
      South Western Avenue 

    P.O.
      Box 2958

    Mail
      Stop NF-10

    Torrance,
      CA 90509-2958

    Attention:
      Janet Rydell, Cash Manager and Jeff Carter, National Treasury
      Manager

    Telephone:
      (310) 468-6176

    Facsimile:
      (310) 381-5219

    

    Toyota
      Financial Services (UK) plc

     

    Great
      Burgh

    Burgh
      Heath Epson

    Surrey
      KT185UZ

    United
      Kingdom

    Attention:
      Treasury Manager

    Telephone:
      44 (0) 1737 365 590

    Facsimile:
      44 (0) 1737 365 596

    

    With
      a copy to:

     

    Toyota
      Motor Credit Corporation

    19001
      South Western Avenue 

    P.O.
      Box 2958

    Mail
      Stop NF-10

    Torrance,
      CA 90509-2958

    Attention:
      Janet Rydell, Cash Manager and Jeff Carter, National Treasury
      Manager

    Telephone:
      (310) 468-6176

    Facsimile:
      (310) 381-5219

     

    Toyota
      Kreditbank GmbH

     

    c/o
      Toyota Financial Services (UK) plc

    Great
      Burgh

    Burgh
      Heath Epson

    Surrey
      KT185UZ

    United
      Kingdom

    Attention:
      Treasury Manager

    Telephone:
      44 (0) 1737 365 590

    Facsimile:
      44 (0) 1737 365 596

    

    With
      a copy to:

     

    Toyota
      Motor Credit Corporation

    19001
      South Western Avenue 

    P.O.
      Box 2958

    Mail
      Stop NF-10

    
      
        

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Torrance,
      CA 90509-2958

    Attention:
      Janet Rydell, Cash Manager and Jeff Carter, National Treasury
      Manager

    Telephone:
      (310) 468-6176

    Facsimile:
      (310) 381-5219

     

    Toyota
      Credit de Puerto Rico Corp.

     

    c/o
      Toyota Motor Credit Corporation

    19001
      South Western Avenue 

    P.O.
      Box 2958

    Mail
      Stop NF-10

    Torrance,
      CA 90509-2958

    Attention:
      Janet Rydell, Cash Manager and Jeff Carter, National Treasury
      Manager

    Telephone:
      (310) 468-6176

    Facsimile:
      (310) 381-5219

     

    Toyota
      Credit Canada Inc.

     

    80
      Micro Court, Suite 200

    Markham,
      Ontario

    Canada
      L3R 9Z5

    Attention:
      Treasury Manager

    Telephone:
      (905) 513-5409

    

    With
      a copy to:

     

    Toyota
      Motor Credit Corporation

    19001
      South Western Avenue 

    P.O.
      Box 2958

    Mail
      Stop NF-10

    Torrance,
      CA 90509-2958

    Attention:
      Janet Rydell, Cash Manager and Jeff Carter, National Treasury
      Manager

    Telephone:
      (310) 468-6176

    Facsimile:
      (310) 381-5219

     

    Toyota
      Leasing GmbH

     

    c/o
      Toyota Financial Services (UK) plc

    Great
      Burgh

    Burgh
      Heath Epson

    Surrey
      KT185UZ

    United
      Kingdom

    Attention:
      Treasury Manager

    Telephone:
      44 (0) 1737 365 590

    Facsimile:
      44 (0) 1737 365 596

    
      
        

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    With
      a copy to:

     

    Toyota
      Motor Credit Corporation

    19001
      South Western Avenue 

    P.O.
      Box 2958

    Mail
      Stop NF-10

    Torrance,
      CA 90509-2958

    Attention:
      Janet Rydell, Cash Manager and Jeff Carter, National Treasury
      Manager

    Telephone:
      (310) 468-6176

    Facsimile:
      (310) 381-5219

     

    Website:

     

    None

     

    

    

    
      
        
          

           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      A-1

     

    FORM
      OF COMMITTED LOAN NOTICE

     

    

     

    Date:
      ___________, _____

    
      	
              To:

            	
              Bank
                of America, N.A., as Administrative
                Agent

            

    

     

    Ladies
      and Gentlemen:

    

    Reference
      is made to that certain Five Year Credit Agreement, dated as of March 28, 2007
      (as amended, restated, extended, supplemented or otherwise modified in writing
      from time to time, the “Agreement;”
      the terms defined therein being used herein as therein defined), among Toyota
      Motor Finance (Netherlands) B.V., a corporation organized under the laws of
      the
      Netherlands, Toyota Motor Credit Corporation, a California corporation, Toyota
      Financial Services (UK) plc, a corporation organized under the laws of England,
      Toyota Kreditbank GmbH, a corporation organized under the laws of Germany,
      Toyota Credit de Puerto Rico Corp., a corporation organized under the laws
      of
      Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws
      of Canada,Toyota Leasing GmbH, a corporation organized under the laws of
      Germany, the Lenders from time to time party thereto, Bank of America, N.A.,
      as
      Administrative Agent, Banc of America Securities LLC and Citigroup Global
      Markets Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp USA,
      Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
      JPMorgan Chase Bank, N.A., as Documentation Agents.

    

    The
      undersigned hereby requests (select one):

    

    __A
      Borrowing of Committed Loans 
      __A conversion or continuation of Loans

    

    1. On ____(a
      Business Day).

    

    2. In
      the amount of [US$][CDN$][€][£]___.

    

    3. Comprised
      of ____. [Type
      of Committed Loan requested]

    

    4. For
      Eurocurrency Rate Loans: with an Interest Period of___
      months.

     

    5. For
      Bankers’ Acceptances, Drafts and BA Equivalent Notes: with a BA Maturity Date of
      __ days.

    

    [The
      Committed Borrowing requested herein complies with the proviso to the first
      sentence of Section
      2.1[(a)][(b)][(c)][(d)]
      of the Agreement.]

    

    [The
      undersigned hereby represents and warrants that the conditions set forth in
      Section
      4.2(a)
      and (b)
      have been satisfied on and as of the date the Committed Loans are borrowed,
      including, without limitation, that the Borrowing is within the Committed
      Borrower’s corporate 

    
      
        A-1-
          1 

        Form
          of Committed Loan Notice

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    powers,
      has been duly authorized by all necessary corporate action, and the amount
      of
      the Committed Borrowing does not exceed such authorization.]

    

    

    [TOYOTA
      MOTOR FINANCE (NETHERLANDS) B.V.]

    [TOYOTA
      MOTOR CREDIT CORPORATION]

    [TOYOTA
      FINANCIAL SERVICES (UK) PLC]

    [TOYOTA
      KREDITBANK GMBH]

    [TOYOTA
      CREDIT DE PUERTO RICO CORP.]

    [TOYOTA
      CREDIT CANADA INC.]

    [TOYOTA
      LEASING GMBH]

     

    

     

    By:
       

     

    Name:
       

     

    Title:
       

     

    

     

    

    
      
        
          A-1-2
             

          Form
            of Committed Loan Notice

           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      A-2

     

    FORM
      OF SWING LINE LOAN NOTICE

     

    

     

    Date:
      ___________, _____

    
      	
              To:

            	
              Bank
                of America, N.A., as Swing Line
                Agent

            

    

    
      	 	
              Bank
                of America, N.A., as Administrative
                Agent

            

    

     

    Ladies
      and Gentlemen:

    

    Reference
      is made to that certain Five Year Credit Agreement, dated as of March 28, 2007
      (as amended, restated, extended, supplemented or otherwise modified in writing
      from time to time, the “Agreement;”
      the terms defined therein being used herein as therein defined), among Toyota
      Motor Finance (Netherlands) B.V., a corporation organized under the laws of
      the
      Netherlands, Toyota Motor Credit Corporation, a California corporation, Toyota
      Financial Services (UK) plc, a corporation organized under the laws of England,
      Toyota Kreditbank GmbH, a corporation organized under the laws of Germany,
      Toyota Credit de Puerto Rico Corp., a corporation organized under the laws
      of
      Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws
      of Canada, Toyota Leasing GmbH, a corporation organized under the laws of
      Germany, the Lenders from time to time party thereto, Bank of America, N.A.,
      as
      Administrative Agent, Banc of America Securities LLC and Citigroup Global
      Markets Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp USA,
      Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
      JPMorgan Chase Bank, N.A., as Documentation Agents.

    

    The
      undersigned hereby requests a Swing Line Loan: 

    

    1. On__
      (a Business Day).

    

    2. In
      the amount of [US$][CDN$][€][£]_____.

    

    The
      Swing Line Borrowing requested herein complies with the requirements of the
      provisos to the first sentence of Section
      2.16(a)
      of the Agreement.

    

    The
      undersigned hereby represents and warrants that the conditions set forth in
      Section
      4.2(a)
      and (b)
      have been satisfied on and as of the date the Committed Loans are borrowed,
      including, without limitation, that the Borrowing is within the Committed
      Borrower’s corporate powers, has been duly authorized by all necessary corporate
      action, and the amount of the Committed Borrowing does not exceed such
      authorization.

    

    

    [TOYOTA
      MOTOR FINANCE (NETHERLANDS) B.V.]

    [TOYOTA
      MOTOR CREDIT CORPORATION]

    
      
        

        A-2-
           1

        Form
          of Committed Loan Notice

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    [TOYOTA
      FINANCIAL SERVICES (UK) PLC]

    [TOYOTA
      KREDITBANK GMBH]

    [TOYOTA
      CREDIT DE PUERTO RICO CORP.]

    [TOYOTA
      CREDIT CANADA INC.]

    [TOYOTA
      LEASING GMBH]

     

    

     

    By:
       

     

    Name:
       

     

    Title:
       

    
      
        

        A-2-
           2

        Form
          of Committed Loan Notice

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

     

    FORM
      OF NOTE

     

     

    __________,
      200_

     

    

    FOR
      VALUE RECEIVED, the undersigned (the “Borrower”),
      hereby promises to pay, without setoff or counterclaim, to _____________________
      or to its order (the “Lender”),
      in accordance with the provisions of the Agreement (as hereinafter defined),
      the
      principal amount of each Loan from time to time made by the Lender to the
      Borrower under that certain Five Year Credit Agreement, dated as of March 28,
      2007 (as amended, restated, extended, supplemented or otherwise modified in
      writing from time to time, the “Agreement;”
      the terms defined therein being used herein as therein defined), among Toyota
      Motor Finance (Netherlands) B.V., a corporation organized under the laws of
      the
      Netherlands, Toyota Motor Credit Corporation, a California corporation, Toyota
      Financial Services (UK) plc, a corporation organized under the laws of England,
      Toyota Kreditbank GmbH, a corporation organized under the laws of Germany,
      Toyota Credit de Puerto Rico Corp., a corporation organized under the laws
      of
      Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws
      of Canada,Toyota Leasing GmbH, a corporation organized under the laws of
      Germany, the Lenders from time to time party thereto, Bank of America, N.A.,
      as
      Administrative Agent, Banc of America Securities LLC and Citigroup Global
      Markets Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp USA,
      Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
      JPMorgan Chase Bank, N.A., as Documentation Agents.

    

    The
      Borrower promises to pay interest on the unpaid principal amount of each Loan
      from the date of such Loan until such principal amount is paid in full, at
      such
      interest rates and at such times as provided in the Agreement. All payments
      of
      principal and interest shall be made to the Administrative Agent for the account
      of the Lender in US Dollars in immediately available funds at the Administrative
      Agent's
      Office. If any amount is not paid in full when due hereunder, such unpaid amount
      shall bear interest, to be paid upon demand, from the due date thereof until
      the
      date of actual payment (and before as well as after judgment) computed at the
      per annum rate set forth in the Agreement.

     

    This
      Note is one of the Notes referred to in the Agreement, is entitled to the
      benefits thereof and may be prepaid in whole or in part subject to the terms
      and
      conditions provided therein. Upon the occurrence and continuation of one or
      more
      of the Events of Default specified in the Agreement, all amounts then remaining
      unpaid on this Note shall become, or may be declared to be, immediately due
      and
      payable all as provided in the Agreement. Loans made by the Lender shall be
      evidenced by one or more loan accounts or records maintained by the Lender
      in
      the ordinary course of business. The Lender may also attach schedules to this
      Note and endorse thereon the date, amount and maturity of its Loans and payments
      with respect thereto.

    

    
      
        

        B-
           1

        Form
          of Note

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    THIS
      NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
      STATE
      OF NEW YORK.

     

    [TOYOTA
      MOTOR FINANCE (NETHERLANDS) B.V.]

    [TOYOTA
      MOTOR CREDIT CORPORATION]

    [TOYOTA
      FINANCIAL SERVICES (UK) PLC]

    [TOYOTA
      KREDITBANK GMBH]

    [TOYOTA
      CREDIT DE PUERTO RICO CORP.]

    [TOYOTA
      CREDIT CANADA INC.]

    [TOYOTA
      LEASING GMBH]

     

    

     

    By:
       

     

    Name:
       

     

    Title: 

    
      
        

        B-
          2 

        Form
          of Note

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    LOANS
      AND PAYMENTS WITH RESPECT THERETO

     

    

     

    
      	
              Date

               

            	
              Type
                of Loan Made

               

            	
              Amount
                of Loan Made

               

            	
              End
                of Interest Period

               

            	
              Amount
                of Principal or Interest Paid This Date

               

            	
              Outstanding
                Principal Balance This Date

               

            	
              Notation
                Made By

               

            
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

    

    

    
      
        
          

          B-3
             

          Form
            of Note

           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      C

     

    FORM
      OF COMPLIANCE CERTIFICATE

     

    

     

    

     

    As
      required by Section
      6.1(c)
      of the Five Year Credit Agreement, dated as of March 28, 2007 (as amended,
      restated, extended, supplemented or otherwise modified in writing from time
      to
      time, the “Agreement;”
      the terms defined therein being used herein as therein defined), among Toyota
      Motor Finance (Netherlands) B.V., a corporation organized under the laws of
      the
      Netherlands, Toyota Motor Credit Corporation, a California corporation, Toyota
      Financial Services (UK) plc, a corporation organized under the laws of England,
      Toyota Kreditbank GmbH, a corporation organized under the laws of Germany,
      Toyota Credit de Puerto Rico Corp., a corporation organized under the laws
      of
      Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws
      of Canada,Toyota Leasing GmbH, a corporation organized under the laws of
      Germany, the Lenders from time to time party thereto, Bank of America, N.A.,
      as
      Administrative Agent, Banc of America Securities LLC and Citigroup Global
      Markets Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp USA,
      Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
      JPMorgan Chase Bank, N.A., as Documentation Agents, (the “Agreement”), I,
      __________________, do hereby certify that I am the chief financial officer
      of
      [Toyota Motor Finance (Netherlands) B.V.] [Toyota Motor Credit Corporation]
      [Toyota Financial Services (UK) plc] [Toyota Kreditbank GmbH] [Toyota Credit
      de
      Puerto Rico Corp.] [Toyota Credit Canada Inc.] [Toyota Leasing GmbH] (the
“Company”), and further certify on behalf of the Company that, to the best of my
      knowledge, no Default (as defined in the Agreement) under the Agreement exists
      as of the date of this Certificate.

    

     

    Certified
      this _____ day of ______________, 200_

      

      

     

     

     

    Name:
      ___________________________________

    

    

    
      
        
          C-
             1

          Form
            of Compliance Certificate

           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      D

     

    ASSIGNMENT
      AND ASSUMPTION

     

    This
      Assignment and Assumption (this “Assignment
      and Assumption”)
      is
      dated as of the Effective Date set forth below and is entered into by and
      between [Insert
      name of Assignor]
      (the
“Assignor”)
      and
      [Insert
      name of Assignee]
      (the
“Assignee”).
      Capitalized terms used but not defined herein shall have the meanings given
      to
      them in the Credit Agreement identified below (the “Credit
      Agreement”),
      receipt of a copy of which is hereby acknowledged by the Assignee. The Standard
      Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed
      to
      and incorporated herein by reference and made a part of this Assignment and
      Assumption as if set forth herein in full.

    

    For
      an
      agreed consideration, the Assignor hereby irrevocably sells and assigns to
      the
      Assignee, and the Assignee hereby irrevocably purchases and assumes from the
      Assignor, subject to and in accordance with the Standard Terms and Conditions
      and the Credit Agreement, as of the Effective Date inserted by the
      Administrative Agent as contemplated below (i) all of the Assignor's rights
      and
      obligations as a Lender under the Credit Agreement and any other documents
      or
      instruments delivered pursuant thereto to the extent related to the amount
      and
      percentage interest identified below of all of such outstanding rights and
      obligations of the Assignor under the respective facilities identified below
      and
      (ii) to the extent permitted to be assigned under applicable Law, all claims,
      suits, causes of action and any other right of the Assignor (in its capacity
      as
      a Lender) against any Person, whether known or unknown, arising under or in
      connection with the Credit Agreement, any other documents or instruments
      delivered pursuant thereto or the loan transactions governed thereby or in
      any
      way based on or related to any of the foregoing, including, but not limited
      to,
      contract claims, tort claims, malpractice claims, statutory claims and all
      other
      claims at Law or in equity related to the rights and obligations sold and
      assigned pursuant to clause (i) above (the rights and obligations sold and
      assigned pursuant to clauses (i) and (ii) above being referred to herein
      collectively as, the
      “Assigned
      Interest”).
      Such
      sale and assignment is without recourse to the Assignor and, except as expressly
      provided in this Assignment and Assumption, without representation or warranty
      by the Assignor.

    

                                 1.Assignor:______________________________

     

    
      	  	
              2.Assignee:____________________________________

              [and
                is an Affiliate/Approved Fund of [identify
                Lender]1]

            

    

     

    
      	  	
              3.Borrower(s):[Toyota
                Motor Finance (Netherlands) B.V.] [Toyota Motor Credit Corporation]
                [Toyota Financial Services (UK) Plc] [Toyota Kreditbank GmbH] [Toyota
                Credit de Puerto Rico Corp.] [Toyota Credit Canada Inc.] [Toyota
                Leasing
                GmbH]

            

    

      

    
      	 	
              4.Administrative
                Agent: ______________________, as the administrative agent under
                the
                Credit Agreement

            

    

    ___________________

     

    1
      Select as applicable.

     

      

    
      
        D-1

      

      
        Assignment
          and Assumption

        
          

        

      

      
        
        

      

    

    
      	  	
              5.Credit
                Agreement:Five
                Year Credit Agreement, dated as of
                March 28, 2007 (as amended, restated, extended, supplemented or otherwise
                modified in writing from time to time, the “Agreement;”
                the terms defined therein being used herein as therein defined),
                among
                Toyota Motor Finance (Netherlands) B.V., a corporation organized
                under the
                laws of the Netherlands, Toyota Motor Credit Corporation, a California
                corporation, Toyota Financial Services (UK) plc, a corporation organized
                under the laws of England, Toyota Kreditbank GmbH, a corporation
                organized
                under the laws of Germany, Toyota Credit De Puerto Rico Corp., a
                corporation organized under the laws of Puerto Rico, Toyota Credit
                Canada
                Inc., a corporation organized under the laws of Canada,Toyota Leasing
                GmbH, a corporation organized under the laws of Germany, the Lenders
                from
                time to time party thereto, Bank of America, N.A., as Administrative
                Agent, Banc of America Securities LLC and Citigroup Global Markets
                Inc.,
                as Joint Lead Arrangers and Joint Book Managers, Citicorp USA, Inc.,
                as
                Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
                JPMorgan
                Chase Bank, N.A., as Documentation
                Agents.

            

    

      

    6.Assigned
      Interest:2

      

    
      	
                

                

                

                Facility
                Assigned:

                [Tranche
                A] [Tranche B] [Tranche C] [Tranche D]

            	
                Aggregate

                Amount
                of

                Tranche
                [A][B] [C] [D] Commitment/Loans

                for
                all Lenders*

            	
                

                Amount
                of

                Tranche
                [A][B] [C][D] Commitment/Loans

                Assigned*

            	
                

                Percentage

                Assigned
                of

                Tranche
                [A][B] [C][D] Commitment/Loans3

            	
                

                Assignee’s
                Commitment Cap

            
	
                

            	
                

            	
                

            	
                

            	
                

            
	
                Commitment/Committed
                Loans being assigned

            	
                US$______________

            	
                US$______________

            	
                ________________%

            	
                US$______________

            

    

     

    [7. Trade
      Date: __________________]4

     

    Effective
      Date: __________________, 20__ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND
      WHICH
      SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER
      THEREFOR.]

    _____________________

     

    *Amount
      to
      be adjusted by the counterparties to take into account any payments or
      prepayments made between the Trade Date and the Effective Date. 

     

    2 The
      reference to “Loans” in the table should be used only if the Credit Agreement
      provides for Term Loans.

     

    3
      Set
      forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all
      Lenders thereunder.

     

    4
      To be
      completed if the Assignor and the Assignee intend that the minimum assignment
      amount is to be determined as of the Trade Date.

     

    

    
      
        D-2

      

      
        Assignment
          and Assumption

        
          

        

      

      
        
        

      

    

     

    [8. The
      Assignee represents and warrants to the Assignor and to TCCI that it is not
      a
      non-resident of Canada for the purposes of Part XIII of the Income
      Tax Act (Canada).]5

    

    The
      terms
      set forth in this Assignment and Assumption are hereby agreed to:

     

    ASSIGNOR

    [NAME
      OF
      ASSIGNOR]

    By:
      ____________________________

    Title:

     

    ASSIGNEE

    [NAME
      OF
      ASSIGNEE]

    By:
      _____________________________

    Title:

      

    __________

     5
      To
      be inserted in the case of an assignment by a Tranche C Lender.  

    
      
        D-3

      

      
        Assignment
          and Assumption

        
          

        

      

      
        
        

      

    

      

    [Consented
      to and]6 Accepted:

     

    [NAME
      OF
      ADMINISTRATIVE AGENT], as

      
      Administrative Agent

      

      By:
      _________________________________

      Title:

      

      [Consented
      to:]7

      

      By:
      _________________________________

      Title:

      

      

      

      

     

      

     ____________________

    6
      To be
      added only if the consent of the Administrative Agent is required by the terms
      of the Credit Agreement.

     

    7
      To be
      added only if the consent of the applicable Borrower and/or other parties is
      required by the terms of the Credit Agreement.

     

    
      
        D-4

        Assignment
          and Assumption

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ANNEX
      1 TO ASSIGNMENT AND ASSUMPTION

    

    (FIVE
      YEAR CREDIT AGREEMENT, DATED AS OF MARCH 28, 2007 (AS AMENDED, RESTATED,
      EXTENDED, SUPPLEMENTED OR OTHERWISE MODIFIED IN WRITING FROM TIME TO TIME,
      THE
“AGREEMENT;”
      THE TERMS DEFINED THEREIN BEING USED HEREIN AS THEREIN DEFINED), AMONG TOYOTA
      MOTOR FINANCE (NETHERLANDS) B.V., A CORPORATION ORGANIZED UNDER THE LAWS OF
      THE
      NETHERLANDS, TOYOTA MOTOR CREDIT CORPORATION, A CALIFORNIA CORPORATION, TOYOTA
      FINANCIAL SERVICES (UK) PLC, A CORPORATION ORGANIZED UNDER THE LAWS OF ENGLAND,
      TOYOTA KREDITBANK GMBH, A CORPORATION ORGANIZED UNDER THE LAWS OF GERMANY,
      TOYOTA CREDIT DE PUERTO RICO CORP., A CORPORATION ORGANIZED UNDER THE LAWS
      OF
      PUERTO RICO, TOYOTA CREDIT CANADA INC., A CORPORATION ORGANIZED UNDER THE LAWS
      OF CANADA, TOYOTA LEASING GMBH, A CORPORATION ORGANIZED UNDER THE LAWS OF
      GERMANY, THE LENDERS FROM TIME TO TIME PARTY THERETO, BANK OF AMERICA, N.A.,
      AS
      ADMINISTRATIVE AGENT, BANC OF AMERICA SECURITIES LLC AND CITIGROUP GLOBAL
      MARKETS INC., AS JOINT LEAD ARRANGERS AND JOINT BOOK MANAGERS, CITICORP USA,
      INC., AS SYNDICATION AGENT, AND THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. AND
      JPMORGAN CHASE BANK, N.A., AS DOCUMENTATION AGENTS.)

    

    STANDARD
      TERMS AND CONDITIONS FOR 

    ASSIGNMENT
      AND ASSUMPTION

    

    1. Representations
      and Warranties.

    

    1.1. Assignor.
      The Assignor (a) represents and warrants that (i) it is the legal and beneficial
      owner of the Assigned Interest, (ii) the Assigned Interest is free and clear
      of
      any lien, encumbrance or other adverse claim created by the Assignor and (iii)
      it has full power and authority, and has taken all action necessary, to execute
      and deliver this Assignment and Assumption and to consummate the transactions
      contemplated hereby; and (b) assumes no responsibility with respect to (i)
      any
      statements, warranties or representations made in or in connection with the
      Credit Agreement or any other Loan Document, (ii) the execution, legality,
      validity, enforceability, genuineness, sufficiency or value of the Loan
      Documents or any collateral thereunder, (iii) the financial condition of any
      Borrower or any of its Affiliates or any other Person obligated in respect
      of
      any Loan Document or (iv) the performance or observance by any Borrower or
      any
      of its Affiliates or any other Person of any of their respective obligations
      under any Loan Document. 

    

    1.2. Assignee.
      The Assignee (a) represents and warrants that (i) it has full power and
      authority, and has taken all action necessary, to execute and deliver this
      Assignment and Assumption and to consummate the transactions contemplated hereby
      and to become a Lender under the Credit Agreement, (ii) it meets all
      requirements of an Eligible Assignee under the Credit Agreement (subject to
      receipt of such consents as may be required under the Credit Agreement), (iii)
      from and after the Effective Date, it shall be bound by the provisions of the
      Credit Agreement as a Lender thereunder and, to the extent of the Assigned
      Interest, shall have the obligations of a Lender thereunder, (iv) it has
      received a copy of the Credit Agreement, together with copies of the most recent
      financial statements delivered pursuant to Section
      6.1 

    
      
        D-
           5

        Assignment
          and Assumption

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    thereof,
      as applicable, and such other documents and information as it has deemed
      appropriate to make its own credit analysis and decision to enter into this
      Assignment and Assumption and to purchase the Assigned Interest on the basis
      of
      which it has made such analysis and decision independently and without reliance
      on the Administrative Agent or any other Lender, and (v) attached hereto is
      any
      withholding tax documentation required to be delivered by it pursuant to the
      terms of the Credit Agreement, duly completed and executed by the Assignee;
      and
      (b) agrees that (i) it will, independently and without reliance on the
      Administrative Agent, the Assignor or any other Lender, and based on such
      documents and information as it shall deem appropriate at the time, continue
      to
      make its own credit decisions in taking or not taking action under the Loan
      Documents, and (ii) it will perform in accordance with their terms all of the
      obligations which by the terms of the Loan Documents are required to be
      performed by it as a Lender.

    

    2. Payments.
      From and after the Effective Date, the Administrative Agent shall make all
      payments in respect of the Assigned interest (including payments of principal,
      interest, fees and other amounts) to the Assignee whether such amounts have
      accrued prior to or on or after the Effective Date. The Assignor and the
      Assignee shall make all appropriate adjustments in payments by the
      Administrative Agent for periods prior to the Effective Date or with respect
      to
      the making of this assignment directly between themselves.

    

    3. General
      Provisions.
      This Assignment and Assumption shall be binding upon, and inure to the benefit
      of, the parties hereto and their respective successors and assigns. This
      Assignment and Assumption may be executed in any number of counterparts, which
      together shall constitute one instrument. Delivery of an executed counterpart
      of
      a signature page of this Assignment and Assumption by telecopy shall be
      effective as delivery of a manually executed counterpart of this Assignment
      and
      Assumption. This Assignment and Assumption shall be governed by, and construed
      in accordance with, the Law of the State of New York.

    

    

     

    
      
        
          D-
             6

          Assignment
            and Assumption

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      E

     

    FORM
      OF MONEY MARKET QUOTE REQUEST

     

    Date:
      ___________, _____

    
      	
              To:

            	
              Bank
                of America, N.A., as Administrative
                Agent

            

    

     

    Ladies
      and Gentlemen:

    

    Reference
      is made to that certain Five Year Credit Agreement, dated as of March 28, 2007
      (as amended, restated, extended, supplemented or otherwise modified in writing
      from time to time, the “Agreement;”
      the terms defined therein being used herein as therein defined), among Toyota
      Motor Finance (Netherlands) B.V., a corporation organized under the laws of
      the
      Netherlands, Toyota Motor Credit Corporation, a California corporation, Toyota
      Financial Services (UK) plc, a corporation organized under the laws of England,
      Toyota Kreditbank GmbH, a corporation organized under the laws of Germany,
      Toyota Credit de Puerto Rico Corp., a corporation organized under the laws
      of
      Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws
      of Canada, Toyota Leasing GmbH, a corporation organized under the laws of
      Germany, the Lenders from time to time party thereto, Bank of America, N.A.,
      as
      Administrative Agent, Banc of America Securities LLC and Citigroup Global
      Markets Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp USA,
      Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
      JPMorgan Chase Bank, N.A., as Documentation Agents.

    

    The
      undersigned hereby requests Money Market Quotes for (select one):

    

    ____
      Money Market Absolute Rate for 

               
      Money Market Absolute Rate Loans    

       
      

    ____Money
      Market Margin for         

          
Money
      Market LIBOR Loans

    

    1. On _____ (a
      Business Day).

    

    2. In
      the amount of US$ ________.

    

    3. For
      an Interest Period of  _____________.

    

    The
      Money Market Loans for which Money Market Quotes are requested herein would
      comply with the proviso to the first sentence of Section
      2.3(a)
      of the Agreement.

    

    [TOYOTA
      MOTOR FINANCE (NETHERLANDS) B.V.]

    [TOYOTA
      MOTOR CREDIT CORPORATION]

    [TOYOTA
      FINANCIAL SERVICES (UK) PLC]

    [TOYOTA
      KREDITBANK GMBH]

    [TOYOTA
      CREDIT DE PUERTO RICO CORP.]

    [TOYOTA
      CREDIT CANADA INC.]

    [TOYOTA
      LEASING GMBH]

    
      
        E-
           1

        Form
          of Money Market Quote Request

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    By:
       

     

    Name:
       

     

    Title:
       

    
      
        
          E-
             2

          Form
            of Money Market Quote Request

           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      F

     

    FORM
      OF INVITATION FOR MONEY MARKET QUOTES

     

    Date:
      ___________, _____

    
      	
              To:

            	
              Lenders
                party to the Agreement (as defined
                below)

            

    

     

    Ladies
      and Gentlemen:

    

    Reference
      is made to that certain Five Year Credit Agreement, dated as of March 28, 2007
      (as amended, restated, extended, supplemented or otherwise modified in writing
      from time to time, the “Agreement;”
      the terms defined therein being used herein as therein defined), among Toyota
      Motor Finance (Netherlands) B.V., a corporation organized under the laws of
      the
      Netherlands, Toyota Motor Credit Corporation, a California corporation, Toyota
      Financial Services (UK) plc, a corporation organized under the laws of England,
      Toyota Kreditbank GmbH, a corporation organized under the laws of Germany,
      Toyota Credit de Puerto Rico Corp., a corporation organized under the laws
      of
      Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws
      of Canada, Toyota Leasing GmbH, a corporation organized under the laws of
      Germany, the Lenders from time to time party thereto, Bank of America, N.A.,
      as
      Administrative Agent, Banc of America Securities LLC and Citigroup Global
      Markets Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp USA,
      Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
      JPMorgan Chase Bank, N.A., as Documentation Agents.

    

    On
      behalf of [Toyota Motor Finance (Netherlands) B.V.] [Toyota Motor Credit
      Corporation] [Toyota Financial Services (UK) plc] [Toyota Kreditbank GmbH]
      [Toyota Credit de Puerto Rico Corp.] [Toyota Credit Canada Inc.] [Toyota Leasing
      GmbH], you are invited to submit Money Market Quotes for (select
      one):

    

    ____Money
      Market Absolute Rate for  

    Money
      Market Absolute Rate Loans 

     

    _____Money
      Market Margin for

    Money
      Market LIBOR Loans

    

    1. On
      _______________________________________ (a Business Day).

    

    2. In
      the amount of US$ _______.

    

    3. For
      an Interest Period of  __________________.

    

     

    Please
      respond to this invitation by no later than [1 :00 p.m.] [9:00 a.m.] on
      [date].

     

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

     

    
      
        F-1

        Form
          of
          Invitation for Money Market Quotes

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    

     

    By:        

     

    Authorized
      Officer

     

    
      
        
          
            F-2

            Form
              of
              Invitation for Money Market Quotes

          

           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      G

     

    FORM
      OF MONEY MARKET QUOTE

     

    Date:
      ___________, _____

    
      	
              To:

            	
              Bank
                of America, N.A., as Administrative
                Agent

            

    

     

    Ladies
      and Gentlemen:

    

    Reference
      is made to that certain Five Year Credit Agreement, dated as of March 28, 2007
      (as amended, restated, extended, supplemented or otherwise modified in writing
      from time to time, the “Agreement;”
      the terms defined therein being used herein as therein defined), among Toyota
      Motor Finance (Netherlands) B.V., a corporation organized under the laws of
      the
      Netherlands, Toyota Motor Credit Corporation, a California corporation, Toyota
      Financial Services (UK) plc, a corporation organized under the laws of England,
      Toyota Kreditbank GmbH, a corporation organized under the laws of Germany,
      Toyota Credit de Puerto Rico Corp., a corporation organized under the laws
      of
      Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws
      of Canada, Toyota Leasing GmbH, a corporation organized under the laws of
      Germany, the Lenders from time to time party thereto, Bank of America, N.A.,
      as
      Administrative Agent, Banc of America Securities LLC and Citigroup Global
      Markets Inc., as Joint Lead Arrangers and Joint Book Managers, Citicorp USA,
      Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and
      JPMorgan Chase Bank, N.A., as Documentation Agents.

    

    In
      response to your invitation on behalf of [Toyota Motor Finance (Netherlands)
      B.V.] [Toyota Motor Credit Corporation] [Toyota Financial Services (UK) plc]
      [Toyota Kreditbank GmbH] [Toyota Credit de Puerto Rico Corp.] [Toyota Credit
      Canada Inc.] [Toyota Leasing GmbH] dated ______________, 20__, we hereby make
      the following Money Market Quote on the following terms:

     

    1. Quoting
      Lender:      ________________________

     

    2. Person
      to contact at Quoting Lender:  Name: ________________________      

                      
      Tel: ________________________

    Fax: ________________________

    email: ________________________

     

    3. Date
      of Borrowing:      _______________________8

     

    
      	
              4.

            	
              We
                hereby offer to make Money Market Loan(s) in the following principal
                amounts, for the following Interest Periods and at the following
                rates:

            

    

     

    

     

    ___________________________

     

    8
      As specified in the related Invitation.

     

    
      
        Form
          of Money Market Quote 

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    
      	
              Principal

               

              Amount9

               

            	
              Interest

               

              Period10

               

            	
              [Money
                Market

               

              Margin]11

               

            	
              [Absolute
                Rate12]

               

            
	
              US$

               

            	 	 	 
	
              US$

               

            	 	 	 

    

    

    The
      Money Market Loans for which Money Market Quotes are submitted herein comply
      with the requirements of the Agreement.

    

    We
      understand and agree that the offer(s) set forth above, subject to the
      satisfaction of the applicable conditions set forth in the Agreement,
      irrevocably obligates us to make the Money Market Loan(s) for which any offer(s)
      are accepted, in whole or in part.

     

    Very
      truly yours,

     

    [NAME
      OF LENDER]

     

    Dated:___________      By:____________________     

                                        Authorized
      Officer

     

    

     

    

     

    ____________________________

     

    9
      Principal amount bid for each Interest Period may not exceed principal amount
      requested. Specify aggregate limitation if the sum of the individual offer
      exceeds the amount the Lender is willing to lend. Bids must be made for
      US$5,000,000 or larger multiple of US$1,000,000.

     

    10
      Not less than one month or not less than 14 days, as specified in the related
      Invitation. No more than five bids are permitted for each Interest
      Period

     

    11
      Margin
      over or under the Eurocurrency Rate determined for the applicable Interest
      Period. Specify percentage (to the nearest 1/100,000 of 1%) and specify whether
      “PLUS” or “MINUS.”

     

    12
      Specify rate of interest per annum (to the nearest 1/10,000th of
      1%).

     

     

     

    

     

    
      
        
          Form
            of Money Market Quote

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      H

     

    FORM
      OF OPINION OF COUNSEL FOR THE BORROWERS

     

    [To
      be supplied]

     

    

     

    
      
        H-1

        Form
          of Opinion of Counsel to the Borrower 

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      I-1

     

    FORM
      OF OPINION Of PIETRANTONI MÉNDEZ & ALVAREZ LLP

    

     

     

    To
      the Lenders and the Administrative Agent 

     

    Referred
      to Below 

     

    c/o
      Bank of America, N.A.,

    [Address]

     

     

    Re:
      Credit Agreement

     

    Ladies
      and Gentlemen:

     

    We
      have acted as special Commonwealth of Puerto Rico counsel for Bank of America,
      N.A., as Administrative Agent (the “Administrative Agent”), in connection with
      the Five Year Credit Agreement, dated as of March 28,
      2007,
      among Toyota Motor Finance (Netherlands) B.V., a corporation organized under
      the
      laws of the Netherlands, Toyota Motor Credit Corporation, a California
      corporation, Toyota Financial Services (UK) plc, a corporation organized under
      the laws of England, Toyota Kreditbank GmbH, a corporation organized under
      the
      laws of Germany, Toyota Credit de Puerto Rico Corp., a corporation organized
      under the laws of Puerto Rico, Toyota Credit Canada Inc., a corporation
      organized under the laws of Canada, Toyota Leasing GmbH, a corporation organized
      under the laws of Germany, the Lenders from time to time party thereto, Bank
      of
      America, N.A., as Administrative Agent, Banc of America Securities LLC and
      Citigroup Global Markets Inc., as Joint Lead Arrangers and Joint Book Managers,
      Citicorp USA, Inc., as Syndication Agent, and The Bank of Tokyo-Mitsubishi
      UFJ,
      Ltd. and JPMorgan Chase Bank, N.A., as Documentation Agents. Terms defined
      in
      the Credit Agreement are used herein as therein defined. This opinion is being
      rendered to you pursuant to Section 4.1(a)(vi) of the Credit
      Agreement.

     

    We
      have participated in the negotiation of the Credit Agreement and have examined
      originals or copies, certified or otherwise identified to our satisfaction,
      of
      such documents, corporate records, certificates of public officials and other
      instruments and have conducted such other investigations of fact and Law as
      we
      have deemed necessary or advisable for purposes of this opinion.

     

    Upon
      the basis of the foregoing and in reliance thereon, we are of the opinion,
      subject to the assumptions and limitations set forth herein, that:

     

    1. The
      Borrower is a corporation duly incorporated, validly existing and in good
      standing under the Laws of Puerto Rico, and has all corporate powers and all
      material governmental licenses, authorizations, consents and approvals required
      to carry on its business as now conducted.

     

    
      
         

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    2. The
      execution, delivery and performance by the Borrower of the Credit Agreement
      and
      the Notes are within the Borrower's corporate powers, have been duly authorized
      by all necessary corporate action, require no action by or in respect of, or
      filing with, any Governmental Authority and do not contravene, or constitute
      a
      default under, any provision of applicable Law or of the articles of
      incorporation or bylaws of the Borrower. 

     

    3. The
      Credit Agreement and the Notes are governed, by their terms, by New York Law.
      We
      express no opinion on the enforceability of the Loan Documents under New York
      Law. If the Law of Puerto Rico were to apply, the Credit Agreement would
      constitute a valid and binding agreement of the Borrower and each Note would
      constitute a valid and binding obligation of the Borrower, in each case
      enforceable in accordance with its terms. 

     

    The
      opinion set forth in paragraph 3 is subject to: (i) the effect of applicable
      bankruptcy, reorganization, insolvency, moratorium, fraudulent conveyance or
      other similar Laws of general application relating to or affecting the
      enforcement of creditors' rights generally, (ii) limitations on the remedy
      of
      specific performance and injunctive and other forms of equitable relief due
      to
      the possible existence of equitable defenses or due to the discretion of the
      court before which any proceeding therefor may be brought, (iii) the
      unenforceability under certain circumstances of provisions to the effect that
      failure to exercise, or delay in exercising, rights or remedies will not operate
      as a waiver of any such right or remedy, (iv) limitations based upon statutes
      or
      upon public policy limiting a Person's right to waive the benefits of statutory
      provisions or of a common law right, (v) limitations on the right of a creditor
      to exercise remedies or impose penalties for late payments or other defaults
      by
      a borrower, if it is determined that (a) either the defaults are not material,
      such penalties bear no reasonable relation to the damage suffered by the
      creditor as a result of such delinquencies or defaults, or it cannot be
      demonstrated that the enforcement of such restrictions or burdens is reasonably
      necessary for the protection of the creditor, or (b) the creditor's enforcement
      of such covenants or provisions under the circumstances would violate the
      creditor's implied covenant of good faith and fair dealing, (vi) the
      unenforceability under certain circumstances, under the Law of Puerto Rico
      or
      federal Law or court decisions, of provisions releasing a party from, or
      indemnifying a party against, liability for its own wrongful or negligent acts
      or where such release or indemnification is contrary to public policy, (vii)
      the
      effect of the Law of Puerto Rico, which provides that a court may refuse to
      enforce, or may limit the application of, a contract or any clause of a contract
      which the court finds to have been unconscionable at the time it was made,
      or an
      unfair portion of an adhesion contract, (viii) compliance with, and limitations
      imposed by, procedural requirements of the Law of Puerto Rico; and (ix)
      limitations under the Law of Puerto Rico as to the right to retain or collect
      unearned interest. The foregoing limitations, however, do not render the Credit
      Agreement and the Notes invalid as a whole, and there exists, in the Credit
      Agreement and the Notes or pursuant to applicable Law, legally adequate remedies
      for the realization of the principal benefits intended to be provided by the
      Credit Agreement and the Notes.

     

    
      
         

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    We
      are members of the Bar of the Commonwealth of Puerto Rico and the foregoing
      opinion is limited to the Laws of Puerto Rico and the federal Laws of the United
      States of America. In giving the foregoing opinion, (i) we express no opinion
      as
      to the effect (if any) of any Law of any jurisdiction (except Puerto Rico)
      in
      which any Lender is located which limits the rate of interest that such Lender
      may charge or collect; and (ii) we have assumed, without independent
      investigation, that the execution, delivery and performance by the Lenders
      of
      the Credit Agreement and the Notes are within the Lenders' powers and have
      been
      duly authorized by all necessary action..

     

    This
      opinion is furnished to you in connection with the Credit Agreement, is solely
      for your benefit and may not be relied upon by, nor may copies be delivered
      to,
      any other person, other than an Eligible Assignee or Participant pursuant to
      Section
      9.7
      of the Credit Agreement, without our prior written consent. Notwithstanding
      the
      foregoing grant of permission to Eligible Assignees to rely on this opinion,
      we
      express no opinion with respect to the effect of any such Eligible Assignee
      failing to comply with any legal requirement in order for it to enforce the
      Credit Agreement. 

     

    Respectfully
      submitted,

     

    

     

    

     

    

     

     

     

    

     

    

     

    
      
        
           

           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBITS
      I-2, I-3, I-4, I-5

     

    

     

    [To
      be supplied]

     

    
      
        
           

           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      J

     

    FORM
      OF OPINION OF SHEARMAN & STERLING LLP

     

     

    __________,
      2006

     

    To
      the initial Lenders party to the Credit

    Agreement
      referred to below and to

    Bank
      of America, N.A., as Administrative Agent 

    

     

    Toyota
      Motor Finance (Netherlands) B.V.

    Toyota
      Motor Credit Corporation

    Toyota
      Financial Services (UK) plc

    Toyota
      Kreditbank GmbH

    Toyota
      Credit De Puerto Rico Corp.

    Toyota
      Credit Canada Inc.

    Toyota
      Leasing GmbH

    

     

    Ladies
      and Gentlemen:

     

    We
      have acted as counsel to Bank of America, N.A., as Administrative Agent (the
      “Agent”),
      in connection with the Five Year Credit Agreement, dated as of March
28,
      2007
      (the “Credit
      Agreement”),
      among Toyota Motor Finance (Netherlands) B.V., a corporation organized under
      the
      laws of the Netherlands (“TMFNL”), Toyota Motor Credit Corporation, a California
      corporation (“TMMC”), Toyota Financial Services (UK) plc, a corporation
      organized under the laws of England (“TFSUK”), Toyota Kreditbank GmbH, a
      corporation organized under the laws of Germany (“TKG”), Toyota Credit de Puerto
      Rico Corp., a corporation organized under the laws of Puerto Rico (“TCPR”),
      Toyota Credit Canada Inc., a corporation organized under the laws of Canada
      (“TCCI”), Toyota Leasing GmbH, a corporation organized under the laws of Germany
      (“TLG” and, together with TMFNL, TMCC, TFSUK, TKG, TCPR and TCCI, the
“Borrowers”
      ), and each of you. Unless otherwise defined herein, terms defined in the Credit
      Agreement are used herein as therein defined.

    

    In
      that connection, we have reviewed originals or copies of the following
      documents:

     

    
      	(a)  	
              The
                Credit Agreement.

            

    

    

    
      	(b)  	
              The
                Notes executed by the Borrowers and delivered on the date
                hereof.

            

    

    
      
        
          J-1

          Opinion
            of Shearman & Sterling LLP

        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    The
      documents described in the foregoing clauses (a) and (b) are collectively
      referred to herein as the “Opinion
      Documents”.

     

    We
      have also reviewed originals or copies of such other agreements and documents
      as
      we have deemed necessary as a basis for the opinion expressed
      below.

     

    In
      our review of the Opinion Documents and other documents, we have
      assumed:

     

    
      	(A)  	
              The
                genuineness of all signatures. 

            

    

     

    
      	(B)  	
              The
                authenticity of the originals of the documents submitted to
                us.

            

    

     

    
      	(C)  	
              The
                conformity to authentic originals of any documents submitted to us
                as
                copies.

            

    

     

    
      	(D)  	
              As
                to matters of fact, the truthfulness of the representations made
                in the
                Credit Agreement.

            

    

     

    
      	(E)  	
              That
                the Credit Agreement is the legal, valid and binding obligation of
                each
                party thereto, other than the Borrowers, enforceable against each
                such
                party in accordance with its terms.

            

    

     

    
      	(F)  	
              That:
                

            

    

     

    (1) Each
      Borrower is an entity duly organized and validly existing under the laws of
      the
      jurisdiction of its organization.

     

    (2) Each
      Borrower has full power to execute, deliver and perform, and has duly executed
      and delivered, the Opinion Documents to which it is a party.

     

    (3) The
      execution, delivery and performance by each Borrower of the Opinion Documents
      to
      which it is a party have been duly authorized by all necessary action (corporate
      or otherwise) and do not: 

     

    (a) contravene
      its certificate or articles of incorporation, by-laws or other organizational
      documents; 

     

    (b) except
      with respect to Generally Applicable Law, violate any law, rule or regulation
      applicable to it; or 

     

    
      
        
          J-2

          Opinion
            of Shearman & Sterling LLP

        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    (c) result
      in any conflict with or breach of any agreement or document binding on it of
      which any addressee hereof has knowledge, has received notice or has reason
      to
      know.

     

    (4) Except
      with respect to Generally Applicable Law, no authorization, approval or other
      action by, and no notice to or filing with, any governmental authority or
      regulatory body or (to the extent the same is required under any agreement
      or
      document binding on it of which an addressee hereof has knowledge, has received
      notice or has reason to know) any other third party is required for the due
      execution, delivery or performance by each Borrower of any Opinion Document
      or,
      if any such authorization, approval, action, notice or filing is required,
      it
      has been duly obtained, taken, given or made and is in full force and
      effect.

     

    We
      have not independently established the validity of the foregoing assumptions.
      

     

    “Generally
      Applicable Law”
      means the federal law of the United States of America, and the law of the State
      of New York (including the rules or regulations promulgated thereunder or
      pursuant thereto), that a New York lawyer exercising customary professional
      diligence would reasonably be expected to recognize as being applicable to
      either Borrower, the Opinion Documents or the transactions governed by the
      Opinion Documents. Without limiting the generality of the foregoing definition
      of Generally Applicable Law, the term “Generally Applicable Law” does not
      include any law, rule or regulation that is applicable to either Borrower,
      the
      Opinion Documents or such transactions solely because such law, rule or
      regulation is part of a regulatory regime applicable to any party to any of
      the
      Opinion Documents or any of its affiliates due to the specific assets or
      business of such party or such affiliate. 

     

    Based
      upon the foregoing and upon such other investigation as we have deemed necessary
      and subject to the qualifications set forth below, we are of the opinion that
      each Opinion Document is the legal, valid and binding obligation of each
      Borrower that is a party thereto, enforceable against such Borrower in
      accordance with its terms.

     

    Our
      opinion expressed above is subject to the following qualifications:

     

    (a) Our
      opinion is subject to (i) the effect of any applicable bankruptcy, insolvency,
      reorganization, moratorium or similar laws affecting creditors' rights generally
      (including without limitation all laws relating to fraudulent transfers) and
      (ii) possible judicial action giving effect to governmental actions or foreign
      laws affecting creditors’ rights.

    
      
        J-3

      

      
        Opinion
          of
          Shearman & Sterling LLP

        
          

        

      

      
        
        

      

    

    

    

    (b) Our
      opinion is subject to the effect of general principles of equity, including
      without limitation concepts of materiality, reasonableness, good faith and
      fair
      dealing (regardless of whether considered in a proceeding in equity or at
      law).

    

    (c) We
      express no opinion with respect to the enforceability of indemnification
      provisions, or of release or exculpation provisions, contained in the Opinion
      Documents to the extent that enforcement thereof is contrary to public policy
      regarding the indemnification against or release or exculpation of criminal
      violations, intentional harm or violations of securities laws.

    

    (d) We
      express no opinion with respect to the enforceability of any indemnity against
      loss in converting into a specified currency the proceeds or amount of a court
      judgment in another currency.

     

    (e) Our
      opinion is limited to Generally Applicable Law.

     

    A
      copy of this opinion letter may be delivered by any of you to any person that
      becomes a Lender in accordance with the provisions of the Credit Agreement.
      Any
      such person may rely on the opinion expressed above as if this opinion letter
      were addressed and delivered to such person on the date hereof.

     

    This
      opinion letter is rendered to you in connection with the transactions
      contemplated by the Opinion Documents. This opinion letter may not be relied
      upon by you or any person entitled to rely on this opinion pursuant to the
      preceding paragraph for any other purpose without our prior written
      consent.

     

    
      
        
          J-4

          Opinion
            of Shearman & Sterling LLP

        

      

      
        
        

        
          

        

      

      
        
        

      

    

    This
      opinion letter speaks only as of the date hereof. We expressly disclaim any
      responsibility to advise you of any development or circumstance of any kind,
      including any change of law or fact, that may occur after the date of this
      opinion letter that might affect the opinion expressed herein.

     

    Very
      truly yours,

    

    

    

    

    SLH

     

    

     

    
      
        
          J-5

          Opinion
            of Shearman & Sterling LLP

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