Document:

Exhibit
10.12

THIS
SERVICES AGREEMENT (the “Agreement”) is entered into as of this 26th day of June 2006, between
CEMUSA, Inc., a Delaware corporation having an office at 420 Lexington Avenue,
Suite 2533, New York, New York 10170 (“CEMUSA”), and Shelter Express
Corp., a New York corporation, having an office at 53-01 Vernon Boulevard, Long
Island City, New York 11101 (“Shelter Express”).

WITNESSETH:

WHEREAS, CEMUSA has entered into a certain Franchise
Agreement with the City of New York (the “City”), acting through its
Department of Transportation, dated as of May 19, 2006 (the “Franchise
Agreement”), a copy of which has been supplied to Shelter Express, pursuant
to which the City granted CEMUSA a non-exclusive franchise for the occupancy
and use of City property to install, operate, and maintain bus shelters,
newsstands, self-cleaning automatic public toilets, and certain public service
structures in the City (collectively, the “Coordinated Franchise Structures,”
as hereinafter more fully defined); and

WHEREAS, Shelter Express is in the business of
providing maintenance services for street furniture, including the assembly,
installation, posting, maintenance and refurbishing of advertising displays on
street furniture, and the maintenance, repair and replacement of street
furniture; and

WHEREAS, Shelter Express is desirous of providing
its street furniture maintenance services to CEMUSA pursuant to the terms set
forth herein.

NOW, THEREFORE, the parties agree as follows:

1.    DEFINITIONS

1.l   “APTs”
shall mean the automatic public toilets that make up a part of the Coordinated
Franchise Structures under the Franchise Agreement.

1.2  “Bus
Shelters” shall mean the Existing Shelters and the New Shelters,
collectively.

1.3  “Coordinated
Franchise Structures” shall include the Bus Shelters, the APTs, the
Newsstands, and the PSSs, and also any associated equipment, wiring, and/or
cables that are attached to such structures (unless owned by third-parties),
and the advertising panels installed thereon.

1.4  “Effective
Date” shall mean the date set forth above.

1.5  “Existing
Shelters” shall mean the Bus Shelters that are part of the Coordinated
Franchise Structures that are installed and existing in the City as of the date
hereof, and that are included as Schedule A to the Franchise Agreement,
as such may be updated or supplemented from time to time to reflect the actual
location of Shelters.

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1.6  “Liquidated
Damages” shall mean the schedule of liquidated damages set forth at
Appendix A of the Franchise Agreement.

1.7  “Locations”
shall mean locations of all Shelters identified in Schedule A of the
Franchise Agreement, as that may be updated and supplemented from time to time
by the City or the parties hereto to reflect the actual location of the
Shelters.

1.8  “Newsstands”
shall mean the newsstands to be installed by CEMUSA pursuant to the Franchise
Agreement.

1.9  “New
Shelters” shall mean the new bus shelters that make up a part of the
Coordinated Franchise Structures to be installed by CEMUSA pursuant to the
Franchise Agreement.

1.10  “Posting”
shall mean the application and installation of advertising posters on the Coordinated
Franchise Structures in a clean and attractive manner, and in a manner
consistent with Cemusa’s requirements and the specifications set forth in the
Franchise Agreement.

2.    TERM

The
term (the “Term”) of this Agreement shall be for five years commencing on the
Effective Date, subject to the conditions set forth in Section 3 of this
Agreement.

3.    BUS
SHELTERS

3.1  Maintenance
and Electrical Services. Shelter Express shall provide labor, equipment,
and supervision to service the Bus Shelters as described herein. CEMUSA shall
provide any and all structural components and electrical parts needed in order
for Shelter Express to carry out these services, either by direct purchase, or,
upon approval in advance by CEMUSA, by Shelter Express purchase with
reimbursement by CEMUSA. For the first two years of the Term for all of the Bus
Shelters, and for the full five years of the Term for the Existing Shelters,
Shelter Express shall be responsible for servicing said Bus Shelters in
accordance with the requirements set forth in Section 3 of the Franchise
Agreement, including, without limitation:

(a)           All maintenance, including, but not limited to,
preventative maintenance, cleaning and removing graffiti, dirt, stickers and
refuse, the replacement of any bulbs, ballasts, fuses, switches, and sockets,
all to occur on at least two nonconsecutive days each week; promptly clearing
and removing debris, snow and ice from the ground in and around the Bus
Shelters up to three feet on each side of the Bus Shelter and to the curb on
the curb-side of the Bus Shelter (including clearing a three-foot access path
for wheelchairs in the case of snow and ice and spreading salt or ice remover).
Subject to Section 6.2 hereof, Shelter Express shall comply with the
regulations for snow removal set forth in section 16-123 of the New York City
Administrative Code as may be amended or modified from time to time

(b)           Inspections on at least two nonconsecutive days each week
for damage, debris and unsafe conditions.

(c)           Inspections of electrical wiring and connections including
service and post connections and testing for stray voltage shall take place at
least once each year during

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the Term. Shelter Express shall record in CEMUSA’S
electronic inventory management system (“EIMIS”) the date(s) of such
inspections and testing in a form and manner acceptable to CEMUSA, and provide
CEMUSA with a written report of the results of such inspections and testing in
a format acceptable to CEMUSA within five days of each inspection.

(d)           Maintain, replace or repair any parts or components which
are broken, deteriorated or damaged within the minimum standards and timeframes
set forth on Appendix C of the Franchise Agreement, including any extensions of
time that may be granted by the City to CEMUSA under the Franchise Agreement

(e)           Assure adequate illumination between dusk and daylight, or
whenever artificial lighting is required for the protection, safety and welfare
of the public.

(f)            Remove broken glass, such that the Bus Shelter is made
safe, within 24 hours after Shelter Express becomes aware of the problem, (the
glass shall be replaced when practicable within 24 hours of Shelter Express
becoming aware of the problem but in no event later than 48 hours, provided
that CEMUSA shall have provided for Shelter Express’s use of adequate supplies
of replacement glass.  )

(g)           (i)   Complete
repairs, replacement of parts, or removal of the structure or components
thereof as necessary to ensure public safety within 24 hours after Shelter Express
becomes aware of the problem. Should a permit be required, the period for
completion of such repair, replacement or removal shall be extended to within
24 hours of receipt of a permit, such permit to be applied for and obtained by
CEMUSA. Shelter Express shall make the structure safe while permits are
pending.

(ii)  Complete repairs, replacement of parts or removals not covered by
the preceding clause (g)(i), within 5 days of the time Shelter Express becomes
aware of the problem, unless a permit is required. Should a permit be required,
the period for completion of such repair, replacement or removal shall be
extended to within 5 days of receipt of a permit, such permit to be applied for
and obtained by CEMUSA.

3.2     Inventory
Report. Within thirty days of the Effective Date, Shelter Express shall
complete a visual inspection and written inventory report in a form acceptable
to CEMUSA of all the Existing Shelters to confirm the accuracy of the Locations
and to provide a qualitative assessment of the appearance of each Existing
Shelter.

3.3.    Rehabilitation
Services. Shelter Express shall commence a Rehabilitation program on the
Existing Shelters thirty days after the Effective Date hereof. The Rehabilitation
of the Existing Shelters shall be completed no later than the six month
anniversary of said date. CEMUSA may designate a priority listing of Bus
Shelters for such Rehabilitation, which Shelter Express shall implement. “Rehabilitation”
shall mean, at the direction of CEMUSA, the physical repair and improvement of
the appearance of the Existing Shelters to include, but not be limited to:
painting each entire Existing Shelter, replacing the back wall glass, replacing
ad box glass, replacing or adding decals, replacing roof light diffusers,
replacement of seriously deteriorated parts, and nearby sidewalk repair.

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3.4     Storage,
Warehousing and Spare Parts Services. During the Term, Shelter Express
shall remove, dismantle and store up to 100 Existing Shelters, as may be
identified by CEMUSA from time to time, or their equivalent in parts, for use
as spare parts in the Rehabilitation or for repairs to be carried out
hereunder. To the extent spare parts are required by Shelter Express to perform
its obligations hereunder, Shelter Express may request that CEMUSA furnish such
spare parts. In such case, CEMUSA shall be responsible for furnishing the spare
parts, or, in CEMUSA’S discretion, may request that Shelter Express purchase
said parts. Shelter Express shall make any such purchases at reasonable and
customary prices, and CEMUSA shall pay to Shelter Express, upon receipt of an
invoice, the reasonable and customary cost of such spare parts, plus a handling
charge of five percent (5%).

3.5     Heavy
Labor Services. In addition to the services listed above in this section,
Shelter Express shall perform the following other services upon request during
the Term in accordance with the requirements of Section 3 of the Franchise
Agreement:

(a)  Existing Shelter Removal, including but not limited to removal as a
result of damage to the structure, or at the direction of the City;

(b)  Existing Shelter Installation, including the installation of an
existing shelter type in a new location, as well as pre-construction site surveys
for assessment of sidewalk conditions and the location of a power source;

(c)  Existing Shelter Reinstallation, including the installation of an
existing shelter at the same location, exclusive of trenching and electrical
work;

(d)  Existing Bus Shelter Relocation, including the relocation and installation
of an Existing Shelter from one location to another nearby location, exclusive
of sidewalk renovation, new foundation, trenching, or electrical connections;

(e)  Sidewalk Renovation and Restoration, for standard City sidewalks (each
sidewalk flag measuring 5’x5’), and as otherwise required by Section 2.5.2 of
the Franchise Agreement, “Sidewalk and Historic Pavement”; and

(f)   Electrical Connections and Trenching, including trenching of
electrical connections along the sidewalk to the nearest available lamppost or
alternative electrical source approved by the City.

(g)         If Shelter Express removes a Bus Shelter and such Bus
Shelter is to be replaced at the same location, such replacement will take
place within the tune frames set forth in Appendix G of the Franchise
Agreement. If a permit is required, the time period shall be measured from the
date of receipt of permit, such permit to be applied for and obtained by
CEMUSA.

3.6     Metal
Recycling Program. During the Term, and as directed by CEMUSA, Shelter
Express, at no additional cost, will make available to CEMUSA any unusable
parts resulting from the services described in this Section 3 for use by CEMUSA
in connection with its metal recycling program.

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4.      POSTING ON BUS SHELTERS, NEWSSTANDS, AND APTs

4.1    Posting
Services. During the first two years of the Term, Shelter Express shall
perform the Posting Services on each and all of the Bus Shelters, APTs and
Newsstands on which CEMUSA places advertising:

(a)  post all advertisements in accordance with the terms and conditions
of the Franchise Agreement (including section 4.5 thereof) in a timely manner
as directed by CEMUSA;

(b)  perform at least twice weekly visual inspections of all advertising
posters and the quality of the Posting;

(c)  provide CEMUSA with written inventory reports of advertising
posters received and held in storage, poster damage reports based on visual
inspections, and Posting completion status reports, each such report to include
representative digital photographs of at least 20% of each client’s showing
unless otherwise agreed by the parties, and to be delivered to CEMUSA on a
weekly basis in a form and manner to be determined by CEMUSA; and

(d)  for Bus Shelters only, store a sufficient supply of replacement
glass and ad box parts to carry out any necessary repairs to the ad boxes, and
maintain a sufficient advertising poster inventory to replace damaged posters
within one day of visual inspection findings of disrepair, provided that CEMUSA
supplies Shelter Express with an adequate overage supply of posters.

4.2    Pricing.
The fixed monthly price for Posting set out in Exhibit 1 hereto shall remain
constant regardless of the number of posters mounted, replaced or otherwise
changed during the month.

5.      COVENANTS OF SHELTER EXPRESS

5.1.   Qualified
Personnel. Shelter Express shall provide qualified and experienced
individuals to perform all its obligations hereunder.

5.2    Required
Procedural Adjustments. Notwithstanding Shelter Express’s performance of its
obligations hereunder, if CEMUSA or Shelter Express is advised by the City that
complaint levels of reasonably verified complaints indicating that the Bus
Shelters for which Shelter Express is responsible pursuant to this Agreement
are unsafe, or unclean, or in disrepair have increased by 20% or more during
any six month period as compared to the previous six month period, then CEMUSA
may require Shelter Express, at Shelter Express’s sole cost and expense, to
adopt and implement such modifications to its inspection, maintenance, repair
or cleaning procedures as CEMUSA, with the advice and input of Shelter Express,
deems appropriate to ensure that such Bus Shelters are maintained in a clean
and safe condition and in good repair.

5.3.   Maximum
Out-of-Service Threshold. Shelter Express shall diligently perform the
Maintenance and Electric Services hereunder so that no more than ten percent of
the Bus Shelters for which Shelter Express is responsible pursuant to this
Agreement shall ever be out of service at any given time.

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5.4.   Compliance
with Laws. Shelter Express shall comply with all federal, state, municipal,
and local laws, rules, executive orders and regulations that may be applicable
to this Agreement, including the procurement of any necessary licenses. Shelter
Express shall not be responsible for procurement of sidewalk opening and other
construction related permits.

5.5.   Vendor
Information Exchange System. Shelter Express hereby warrants and affirms
that, at all times during the Term, it will comply with the City’s Vendor
Information Exchange System (“VENDEX”).

5.6.   Adequate
Resources, Shelter Express shall maintain the necessary personnel,
vehicles, electrical parts and material inventory to satisfactorily perform its
services hereunder.

5.7.   Warehouse
Facilities. Shelter Express agrees to provide, at its sole cost and
expense, one or more warehouse facilities in the City to warehouse and store,
subject to Section 3.4 of this Agreement, Coordinated Franchise Structures and
other materials and equipment which may be required for the maintenance and
repair of the Coordinated Franchise Structures.

5.8.   Agreement
Subordinate to Franchise Agreement. Notwithstanding the termination provisions
in Section 9 below, this Agreement is subject and subordinate to the Franchise Agreement,
and may be terminated or modified at any time by CEMUSA, without penalty to CEMUSA,
in the event the City, or any agency thereof, advises CEMUSA that termination
or modification is required.

6.     COMPENSATION

6.1   Basic
Compensation. In consideration of the services provided by Shelter Express
pursuant to Sections 3 through 5 of this Agreement, CEMUSA shall compensate
Shelter Express for its work as set out in Exhibit 1 hereto.

6.2   Additional
Compensation. Notwithstanding Section 6.1 hereof, in the event that CEMUSA directs
Shelter Express to remove snow from the Bus Shelters after a continuous
snowfall of more than three inches throughout the City, Shelter Express shall
be paid Additional Compensation of $20 per Bus Shelter for each Bus Shelter
from which it removes snow. CEMUSA’s direction to Shelter Express may be given
in writing (including by email), or, if given orally, promptly confirmed in
writing (including by email). The provision of the services in this Section 6.2
by Shelter Express must be approved in advance by CEMUSA. As set forth in Section
3.1 above, Shelter Express shall comply with the regulations for snow removal
set forth in section 16-123 of the New York City Administrative Code as may be
amended or modified from time to time.

6.3   No
Indemnity. If CEMUSA determines not to direct Shelter Express to remove snow
after a continuous snowfall of more than three inches throughout the City,
then, in that particular circumstance, Shelter Express shall not be obligated
to indemnify CEMUSA for any Liquidated Damages that may be assessed against
CEMUSA for the failure to remove such snow.

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6.4   Measurement.
In determining whether a continuous snowfall is greater than three inches, the
parties will rely on the final measurements made by the City of New York,
unless the parties agree in writing on a different measurement standard.

7.     INVOICING AND PAYMENTS

7.1   Monthly
Invoicing. Shelter Express shall submit monthly invoices to CEMUSA.

7.2   Invoice
Information. Each invoice shall contain the following information: (a)
description of the work completed by location and type of Coordinated Franchise
Structure; (b) name and address to where payment is to be sent; (c) invoice
number; and (d) any other services, supplies, and/or items covered by the
invoice.

7.3   Timing
of Payments. CEMUSA agrees to pay Shelter Express within 30 days of
receiving Shelter Express’s invoice unless any charged item therein is
erroneous or subject to dispute. CEMUSA will use reasonable efforts to
reconcile any discrepancies with Shelter Express without undue delay. To the
extent the parties cannot agree on an invoiced item within 90 days of the date
of the invoice, the invoice shall become a disputed item to be resolved
pursuant to Section 8 below.

8.     DISPUTES

8.1   Arbitration.
Any dispute that the Parties are unable to resolve within ten (10) days shall
be submitted to arbitration by either party in accordance with the following
procedures:

(a)           Any dispute arising out of or relating to this Agreement
shall be settled by arbitration administered by the American Arbitration
Association (the “AAA”) in accordance with its Commercial Arbitration
Rules, and judgment on the award rendered by the arbitrator may be entered in
any court having jurisdiction thereof.

(b)           The place of the arbitration shall be the offices of
counsel for CEMUSA in New York City, or such other location in New York City as
CEMUSA may designate.

(c)           All disputes shall be heard and determined by one (1)
arbitrator, who is a lawyer with background in, and knowledge of, the street
furniture services industry. The arbitrator shall be selected by the Parties’
agreement; provided,  however, that if the Parties cannot agree on
the appointment of the arbitrator within five (5) days after the respondent receives
a demand for arbitration, the AAA shall select the arbitrator.

(d)           The decision and award rendered by the arbitrator will be
final and binding. Judgment on the award may be entered in and enforced by any
court of competent jurisdiction. In no event shall the arbitrator have
authority to award punitive damages.

8.2   Continued
Performance. Except where clearly prevented by the applicable dispute, the Parties
agree to continue performing their obligations under this Agreement while the
dispute is being resolved as provided herein.

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9.     TERMINATION

9.1   Termination.
Either CEMUSA or Shelter Express may terminate this Agreement upon (i) mutual
written consent at any time, or (ii) upon the other party’s material breach of
this Agreement, provided that: (a) the non-breaching party sends written notice
to the breaching party describing the breach in reasonable detail; (b) the
breaching party does not cure the breach within seven (7) days following its
receipt of such written notice; and (c) following the expiration of the seven
(7) days cure period, the non-breaching party sends a second written notice to
the breaching party indicating the non-breaching Party’s intention to terminate
this Agreement, and the date upon which termination shall be effective. CEMUSA
and Shelter Express each shall also have the right to terminate this Agreement
upon sixty (60) days written notice at any time after the second year of the
Term.

9.2   Compensation
For Work Performed. Shelter Express will be compensated for its services rendered
to the date of termination for work completed and not otherwise in dispute.
CEMUSA shall not be liable for, and shall have no obligation to pay or
reimburse Shelter Express for lost opportunities, lost profits, unabsorbed
overhead, incidental costs, expenses due to termination, or consequential,
special, punitive, or indirect damages of any kind.

10.   INDEMNITY

10.1 Indemnification
for Losses. Shelter Express shall defend, indemnify, and hold harmless CEMUSA
and its affiliates and their respective officers, partners, directors,
employees, agents, successors, and assigns from and against any and all losses,
claims, damages, liabilities, suits, and expenses of any kind (including,
without limitation, fees and disbursements of legal counsel) (collectively, “Losses”),
that arise from, or in connection with, Shelter Express’s negligent performance
of, or its negligent failure to perform, its obligations under this Agreement,
without limitation.

10.2 Franchise
Agreement Indemnification. Shelter Express agrees to indemnify, defend and hold
harmless CEMUSA hereunder for any and all amounts that CEMUSA is required to
pay to the City pursuant to the Franchise Agreement including Liquidated
Damages as defined above, fines, penalties, and/or other damages or
assessments, where, in CEMUSA’s reasonable judgment, such payment to the City
is attributable to Shelter Express’s performance, or lack of performance, under
this Agreement. Notwithstanding the above, where Shelter Express’s obligations
are conditioned on notice, Shelter Express’s performance or failure to perform
is conditioned on its timely receipt of notice from CEMUSA, the City, or other
source.

10.3 Responsibility
for Agents, et al. Shelter Express shall be fully responsible under this Agreement
for the acts and omissions of its agents and affiliates, including Shelter
Electric Maintenance Corp., and of any persons either directly or indirectly
employed by them or acting for them, as it is for the acts and omissions of
persons directly employed by it. Shelter Express shall not be relieved of any
responsibility under this Agreement by any subcontract.

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11.   INSURANCE

11.1 Types
of Insurance. Shelter Express shall provide the following types of
insurance coverage in compliance with, and as otherwise required under, the
terms of the Franchise Agreement, including Section 12.2.5 thereof:

(a)      a Commercial General Liability Insurance Policy covering CEMUSA
and the City as Additional Insured which shall specifically include the City’s
officials, employees and agents, and shall be at least as broad as Insurance
Services Office (“ISO”) Form CG 2010 (11/85 ed.) (No later edition of ISO Form
CG 2010, and no more limited form or endorsement, is acceptable.) This policy
shall protect the City, CEMUSA, and Shelter Express from claims for property
damage and/or bodily injury, including death, which may arise from any of the
services performed under this Agreement. Coverage under this policy shall be at
least as broad as that provided by ISO Form CG 0001 (1/96 ed.), must be “occurrence”
based rather than “claims-made”, and shall include, without limitation, the
following types of coverage: Premises Operations, Products and Completed
Operations, Contractual Liability (including the tort liability of another
assumed in a contract), Broad Form Property Damage, Medical Payments, Independent
Contractors, Personal Injury (Contractual Exclusion deleted), Cross Liability, Explosion,
Collapse and Underground Property, and Incidental Malpractice, and such policy shall
include the endorsements, special conditions, and minimum limits specified in Schedule E
to the Franchise Agreement, If such insurance contains an aggregate limit,
it shall apply separately to this Agreement.

(b)      Workers Compensation Insurance and Disability Benefits
Insurance in. accordance with the laws of the State of New York on behalf of
all employees providing services under this Agreement, and such policy shall
include the endorsements, special conditions, and minimum limits specified in Schedule
E to the Franchise Agreement.

(c)      Employers Liability Insurance affording compensation due to
bodily injury by accident or disease sustained by any employee arising out of
use of and in the course of his/her employment under this Agreement, and such
policy shall include the endorsements, special conditions, and minimum limits
specified in Schedule E to the Franchise Agreement.

(d)      a Comprehensive Business Automobile Liability policy for
liability arising out of any automobile including owned, non-owned, leased and
hired automobiles to be used in connection with this Agreement, naming CEMUSA
and the City as additional insureds (ISO Form CA0001, ed. 6.92, code 1 “any
auto”), and such policy shall include the endorsements, special conditions, and
minimum limits specified in Schedule E to the Franchise Agreement.

(e)      to the extent not covered by (a) above, a Professional
Liability Insurance Policy covering breach of Professional Duty, including
actual or alleged negligent acts, errors or omissions committed by Shelter
Express, its agents or employees, arising out of the performance of
professional services rendered to or for CEMUSA. The policy shall provide
coverage for Bodily Injury, Property Damage and Personal Injury, and such
policy shall include the endorsements, special conditions, and minimum limits
specified in Schedule E to the Franchise Agreement. If the Professional
Liability Insurance Policy is written on a claims-made basis, such policy shall
provide that the policy retroactive date coincides or precedes Shelter Express’s

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initial
services under this Agreement and shall continue until the expiration or
termination of this Agreement. The policy must contain no less than a
three-year extended reporting period for acts or omissions that occurred but
were not reported during the policy period.

11.2 Insurers’
Waiver of Subrogation Rights. Shelter Express shall obtain the waiver of
its insurers from their rights of subrogation against the City or CEMUSA and
their respective officials, employees and agents.

11.3 No
limitation. The insurance coverage required hereunder is not limited by the
indemnification language of this Agreement or any limitation placed on
indemnity in this Agreement given as a matter of law.

11.4 Additional
Insurance. Shelter Express shall provide such additional insurance coverage
as may be required by CEMUSA from time to time.

11.5 Certificates
of Insurance. Within two weeks of the date hereof, but in all events prior
to the Effective Date, Shelter Express shall provide CEMUSA with certificates
of insurance in a form acceptable to CEMUSA that shall certify the issuance and
effectiveness of the types of insurance specified in this Section 14 with the
minimum coverage levels required by CEMUSA.

11.6 No
Waiver. Insurance coverage in the minimum amounts provided for herein shall
not relieve Shelter Express or its subcontractors of any liability under this
Agreement, nor shall it preclude CEMUSA from exercising any rights or taking
such other actions as are available to it under any other provisions of this
Agreement or law.

12.   ASSIGNMENT AND SUBCONTRACTING

12.1 Assignment
by CEMUSA. CEMUSA may assign, transfer, or otherwise delegate the performance
of its duties and obligations under this Agreement to any person or third party
who, in the sole judgment of CEMUSA, is qualified to render the services
required, which assignee shall expressly include its affiliate CEMUSA NY, LLC,
or any other affiliate, parent or subsidiary of CEMUSA. Any such assignment
shall not relieve CEMUSA of any of its obligations to Shelter Express under
this Agreement.

12.2 Assignment
by Shelter Express. Shelter Express may not assign, transfer, or otherwise dispose
of, its rights, duties, or obligations under this Agreement to any other person
or entity, in whole or in part, without the prior express written consent of
CEMUSA, which consent CEMUSA may elect to give in its sole discretion. Any
assignment, transfer, or other disposition attempted without such prior consent
shall be null and void, provided that CEMUSA hereby agrees that, subject to
Section 10 hereof, Shelter Electric Maintenance Corp., a licensed electrical company
and an affiliate of Shelter Express, will perform certain electrical services
under the direction of Shelter Express pursuant to this Agreement. A merger or
other business combination shall be deemed an assignment for the purposes of
this subsection.

12.3 Subcontracting.
Shelter Express may not subcontract any or all of the work to be performed by
it under this Agreement without the prior written consent of CEMUSA.

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13.
OTHER TERMS AND CONDITIONS

13.1     Notices.
All notices and correspondence shall be sent by either party to the other to
the addresses shown in the Preamble hereto. Any notice, request, demand,
waiver, or other communications required or permitted to be given under this
Agreement shall be in writing and shall be deemed properly given or made: (i)
on the date delivered if hand-delivered or sent by fax or email (with
electronic and verbal confirmation thereof), (ii) the day scheduled for receipt
by the courier if sent by overnight delivery service or (iii) three (3) days
after being deposited in the United States mails, certified or registered mail,
return receipt requested, with postage pre-paid.

13.2     Modifications.
No agreement or modification varying the terms or conditions of this Agreement
shall be binding, unless reduced to writing and properly executed by authorized
signatories of both Parties.

13.3     Confidentiality.
The parties agree that all information related to the Coordinated Franchise
Structures shall be considered confidential information. Shelter Express shall
not disclose any such confidential information to any person outside its employ
either during or after the Term of this Agreement (other than the City when
authorized by CEMUSA), and shall use such confidential information only for the
performance of this Agreement and for no other purpose. Further, to the extent
that Shelter Express is provided access to EIMIS, such access shall only be for
the purpose of recording the results of the Services it is obligated to perform
under this Agreement, and shall be limited in manner, scope and form as CEMUSA
shall determine in its discretion.

13.4     Independent
Contractor. It is understood and agreed that Shelter Express shall perform
its obligations under this Agreement as an independent contractor. Shelter
Express’s personnel who are to perform the services hereunder shall be under
the employment, and ultimate control, management, and supervision of Shelter
Express.

13.5     Governing
Law. This Agreement is governed by, and all disputes arising under or in
connection with this Agreement shall be resolved in accordance with, the laws
of New York State, without regard to its conflict of laws rules.

13.6     Interpretation.
This Agreement constitutes the entire agreement between CEMUSA and Shelter
Express and supersedes all communications, oral or written, between CEMUSA and
Shelter Express in relation to the terms and conditions of this Agreement.

13.7     Severability.
Should any provision of this Agreement be found to be illegal, invalid, or
unenforceable, such finding shall not affect the legality, validity, or
enforceability of any other provision condition of this Agreement. Furthermore,
this Agreement shall be construed as though such illegal, invalid, or unenforceable
provision had not been included herein.

13.8     Calendar
Days. Unless otherwise stated, all periods of days referred to in this
Agreement shall be measured in calendar days.

13.9     Force Majeure. Any event of Force
Majeure as described in the Franchise Agreement that excuses all or part of
CEMUSA’s obligation to perform thereunder, shall, to the same extent, also
serve to excuse the performance of each of the parties’ obligations hereunder.

 11
 

 

13.10       Effect of Waiver. The waiver or
failure of CEMUSA to exercise, in any respect, any right provided for herein
shall not be deemed a waiver of any further right hereunder.

13.11      Consequential
Damages. Other than as described in Section 10 of this Agreement, neither
CEMUSA nor Shelter Express shall be liable to each other for consequential
damages.

IN
WITNESS WHEREOF, the Parties hereto have executed this Agreement by their duly
authorized officers as of the date first above written.

	
  CEMUSA, INC.

  	
   

  	
  SHELTER EXPRESS CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
   

  	
  By

  
	
   

  	
   

  	
   

  
	
  /s/ Toulla Constantinou

  	
   

  	
  /s/ Jerome Cooper

  
	
  Name:  Toulla Constantinou

  	
   

  	
  Name:  Jerome Cooper

  
	
  Title:  CEO Cemusa Inc.

  	
   

  	
  Title:  Pres.

  

 

 12
 

 

EXHIBIT 1

Coordinated Franchise Structures, Types of
Maintenance Services, Posting and Duration

1.             Maintenance and Electrical
Services, and Posting Services

The
tables below sets forth the agreed pricing (other than reimbursement for parts
and components), on a per month, per Structure basis, for the Maintenance and
Electrical Services, and Posting Services that Shelter Express will provide
pursuant to, and as described in, Sections 3.1, 3.2, 3.4, 4.1 and 4.2 of this
Agreement.

	
   

  	
   

  	
  Existing Shelters and New

  Shelters

  	
   

  	
  Existing Shelters Only

  	
   

  
	
   

  	
   

  	
  Year 1

  	
   

  	
  Year 2

  	
   

  	
  Year 3

  	
   

  	
  Year 4

  	
   

  	
  Year 5

  	
   

  
	
  Bus Shelter
  Maintenance and Electrical Services

  	
   

  	
  $

  	
  115

  	
   

  	
  $

  	
  125

  	
   

  	
  $

  	
  145

  	
   

  	
  $

  	
  160

  	
   

  	
  $

  	
  175

  	
   

  
	
  Bus Shelter
  Posting (regardless of frequency)

  	
   

  	
  No fee

  	
   

  	
  No fee

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  
	
  Electric

  	
   

  	
  $

  	
  25

  	
   

  	
  $

  	
  26

  	
   

  	
  $

  	
  28.50

  	
   

  	
  $

  	
  30

  	
   

  	
  $

  	
  32

  	
   

  
	
  TOTAL (per month, per Bus Shelter)

  	
   

  	
  $

  	
  140

  	
   

  	
  $

  	
  151

  	
   

  	
  $

  	
  173.50

  	
   

  	
  $

  	
  190

  	
   

  	
  $

  	
  207

  	
   

  

 

	
  

  	
   

  	
  Year 1

  	
   

  	
  Year 2

  
	
  Monthly Price for Posting of
  all APTs and Newsstands, regardless of frequency

  	
   

  	
  $12.50

  per face (multiplied by total number of faces on all APTs and Newsstands)

  	
   

  	
  $12.50

  per face (multiplied by total number of faces on all APTs and Newsstands)

  

 

a.   Other
Services: Concrete Work: supplying, pouring and finishing new sidewalk flags at
the prices set forth below in Section 3 of this Exhibit “Sidewalk
Renovation/Restoration; sidewalk trenching and installation of new pads to
support the New Shelters, to be provided on a unit price basis at prices to be
agreed between the parties.

 13
 

 

 

b.   Storage, Warehousing, Spare Parts: Removal
of Existing Shelters designated by CEMUSA from time to time; warehousing the
removed Existing Shelters, and dismantlement of the removed Existing Shelters
to obtain replacement parts for use exclusively on the Existing Shelters
pursuant to the terms of this Agreement shall be included as part of the Bus
Shelter Maintenance and Electrical Services described in this Exhibit 1 above,
and shall not have any additional charges.

2.             Rehabilitation and Repairs

The following chart sets
out the per unit labor costs for repairs and replacement of parts, including
for the Rehabilitation Services set forth at Section 3.3. All parts are to be
supplied by CEMUSA (or by reimbursement by CEMUSA to Shelter Express at
purchase price plus five percent), with the exception of paint.

	
  DESCRIPTION

  	
   

  	
  UNIT LABOR COST

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  AD BOX COMPLETE
  INSTALL

  	
   

  	
  $

  	
  250

  	
   

  
	
  AD BOX COMPLETE
  RESET

  	
   

  	
  $

  	
  200

  	
   

  
	
  AD BOX COMPLETE
  REMOVAL

  	
   

  	
  $

  	
  225

  	
   

  
	
  AD BOX COMPLETE
  REMOVAL/INSTALL SAME LOC.

  	
   

  	
  $

  	
  300

  	
   

  
	
  AD BOX DIFFUSER

  	
   

  	
  $

  	
  55

  	
   

  
	
  AD BOX DIFFUSER
  + GLASS

  	
   

  	
  $

  	
  100

  	
   

  
	
  AD BOX DOOR

  	
   

  	
  $

  	
  105

  	
   

  
	
  AD BOX DOOR
  REPAIR

  	
   

  	
  $

  	
  60

  	
   

  
	
  AD BOX GLASS

  	
   

  	
  $

  	
  80

  	
   

  
	
  BACKWALL CHANNEL
  PIN (B) 12” RESET

  	
   

  	
  $

  	
  60

  	
   

  
	
  BACKWALL CHANNEL
  PIN (T) 9”

  	
   

  	
  $

  	
  60

  	
   

  
	
  BACKWALL
  COMPLETE

  	
   

  	
  $

  	
  250

  	
   

  
	
  BACKWALL GLASS
  REMOVE

  	
   

  	
  $

  	
  35

  	
   

  
	
  BACKWALL GLASS

  	
   

  	
  $

  	
  75

  	
   

  
	
  BACKWALL GLASS
  GASKET STRIP

  	
   

  	
  $

  	
  20

  	
   

  
	
  BACKWALL GLASS
  SUP. CHANNEL (B)

  	
   

  	
  $

  	
  75

  	
   

  
	
  BACKWALL GLASS
  SUP. CHANNEL (T)

  	
   

  	
  $

  	
  60

  	
   

  
	
  BACKWALL GLASS
  SUPPORT CHANNEL CAP

  	
   

  	
  $

  	
  20

  	
   

  
	
  BACKWALL REMOVAL
  ABC GLASS/RAIL $ PINS

  	
   

  	
  $

  	
  225

  	
   

  
	
  BACKWALL REMOVE
  BOTTOM RAIL/PINS/GLASS

  	
   

  	
  $

  	
  180

  	
   

  
	
  ROOF COMPLETE

  	
   

  	
  $

  	
  180

  	
   

  
	
  ROOF DRAIN HOUSE

  	
   

  	
  $

  	
  45

  	
   

  
	
  ROOF FACIA

  	
   

  	
  $

  	
  100

  	
   

  
	
  ROOF LIGHT FIX,
  DIFF (LIGHT SHIELD)

  	
   

  	
  $

  	
  50

  	
   

  
	
  ROOF LIGHT FIX,
  DOOR (FRAME)

  	
   

  	
  $

  	
  200

  	
   

  
	
  ROOF SUPPORT LEG

  	
   

  	
  $

  	
  175

  	
   

  
	
  ROOF SUPPORT LEG
  RESET

  	
   

  	
  $

  	
  175

  	
   

  
	
  BENCH INSTALL

  	
   

  	
  $

  	
  85

  	
   

  
	
  PAINTING OF ENTIRE
  SHELTER

  	
   

  	
  $

  	
  250

  	
   

  

 

 14
 

 

3.
Heavy Labor Services

The
following is a labor cost pricing schedule for Heavy Labor Service repairs to
Existing Shelters as set forth in Section 3.5 that are required by CEMUSA and
which CEMUSA directs Shelter Express to perform as services outside of the
Rehabilitation program.

	
  Existing Bus Shelter Removal

  	
   

  	
   

  
	
  For temporary removals after an accident because of
  construction, or permanent removal pursuant to a NYCDOT directive.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  $450 per bus shelter

  
	
   

  	
   

  	
   

  
	
  Existing
  Bus Shelter Installation

  	
   

  	
   

  
	
  Installation of an existing bus shelter type in a
  new location. This price includes a preconstruction site survey for
  assessment of sidewalk conditions and the location of a power source.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  $1,250 per bus shelter

  
	
   

  	
   

  	
   

  
	
  Existing
  Bus Shelter Reinstallation

  	
   

  	
   

  
	
  Within the same
  bus stop, excluding trenching and electrical work.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  $1,250 per bus shelter

  
	
   

  	
   

  	
   

  
	
  Existing
  Bus Shelter Relocation

  	
   

  	
   

  
	
  Involving the move of an existing bus stop shelter
  from a location on a city block to a nearby location without having to bring
  the bus shelter back to our warehouse. Excluded from this price are sidewalk
  restoration, new foundation, trenching or electrical connections.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  $1,250 per bus shelter

  
	
   

  	
   

  	
   

  
	
  Sidewalk
  Renovation/Restoration

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  For standard New York city sidewalk (each sidewalk
  flag measures 5’ x 5’), or as required by Section 3.5(e) hereof

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  $290 per flag (with cost of historic sidewalk and
  pavement to be determined on case by case basis)

  

 

 15
 

 

Electrical
Connections and Trenching

A.                                   Current connections should be able to be
easily re-used and Shelter Express’ work for reconnections will be billed on a
T&M basis. Shelter Express’ current union labor rate for electrical work is
$90.00 per hour.

B.                                     Trenching of electrical connections along the
sidewalk to the nearest available lamppost. The price quoted is for the first
30 feet (inclusive of an 8-inch trench and concrete restoration of the trench).

	
  

  	
   

  	
  $2,500 for the first 30
  linear feet

  $42 per additional linear foot

  

 

 16Exhibit
10.1

EXECUTION
COPY

Published CUSIP Number:  855031AA8

 

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

 

dated as of
October 13, 2006

 

STAPLES, INC.

 

THE LENDERS NAMED HEREIN,

 

BANK OF AMERICA, N.A.,

as
ADMINISTRATIVE AGENT,

 

CITIBANK
N.A.,

as Syndication
Agent,

and

HSBC BANK USA, JPMORGAN CHASE BANK, N.A. and

WACHOVIA BANK, NATIONAL ASSOCIATION,

as
Co-Documentation Agents

 

with

 

BANC OF
AMERICA SECURITIES LLC

Having
Acted as sole Lead Arranger and sole Book Manager

Table of Contents

 

	
  

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  §1.

  	
  DEFINITIONS AND RULES OF INTERPRETATION

  	
  1

  
	
   

  	
  §1.1.

  	
  Definitions

  	
  1

  
	
   

  	
  §1.2.

  	
  Rules of Interpretation

  	
  20

  
	
   

  	
  §1.3.

  	
  Exchange Rates; Currency Equivalents

  	
  21

  
	
   

  	
  §1.4.

  	
  Additional Alternative Currencies

  	
  21

  
	
   

  	
  §1.5.

  	
  Change of Currency

  	
  22

  
	
   

  	
  §1.6.

  	
  Letter of Credit Amounts

  	
  23

  
	
  §2.

  	
  THE REVOLVING CREDIT FACILITY

  	
  23

  
	
   

  	
  §2.1.

  	
  Commitment to Lend Syndicated Loans

  	
  23

  
	
   

  	
  §2.2.

  	
  Requests for Syndicated Loans

  	
  23

  
	
   

  	
  §2.3.

  	
  Competitive Bid Loans

  	
  24

  
	
   

  	
   

  	
  §2.3.1.

  	
  Competitive Bid Borrowings

  	
  24

  
	
   

  	
   

  	
  §2.3.2.

  	
  Maximum Competitive Bid Loans; Funding Losses

  	
  28

  
	
   

  	
   

  	
  §2.3.3.

  	
  Repayment of Competitive Bid Loans

  	
  28

  
	
   

  	
  §2.4.

  	
  Funds for Revolving Credit Loans

  	
  28

  
	
   

  	
   

  	
  §2.4.1.

  	
  Funding Procedures

  	
  28

  
	
   

  	
   

  	
  §2.4.2.

  	
  Advances by Administrative Agent

  	
  29

  
	
   

  	
  §2.5.

  	
  Reduction of Total Commitment

  	
  30

  
	
   

  	
  §2.6.

  	
  Maturity and Other Mandatory Repayments of Revolving
  Credit Loans

  	
  30

  
	
   

  	
  §2.7.

  	
  Optional Repayments of Revolving Credit Loans

  	
  31

  
	
   

  	
  §2.8.

  	
  Interest on Revolving Credit Loans

  	
  32

  
	
   

  	
  §2.9.

  	
  Conversion Options

  	
  33

  
	
   

  	
   

  	
  §2.9.1.

  	
  Conversion to Different Type of Syndicated Loan

  	
  33

  
	
   

  	
   

  	
  §2.9.2.

  	
  Continuation of Type of Syndicated Loan

  	
  33

  
	
   

  	
   

  	
  §2.9.3.

  	
  Eurocurrency Rate Loans

  	
  34

  
	
   

  	
  §2.10.

  	
  The Swing Line

  	
  34

  
	
   

  	
   

  	
  §2.10.1.

  	
  The Swing Line Loans

  	
  34

  
	
   

  	
   

  	
  §2.10.2.

  	
  Notice of Borrowing

  	
  34

  
	
   

  	
   

  	
  §2.10.3.

  	
  Interest on Swing Line Loans

  	
  35

  

 

 i
 

 

	
  

  	
   

  	
  Page

  
	
  

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  §2.10.4.

  	
  Repayment of Swing Line Loans

  	
  35

  
	
   

  	
  §2.11.

  	
  Evidence of Debt

  	
  36

  
	
   

  	
  §2.12.

  	
  Increase in Commitments

  	
  37

  
	
  §3.

  	
  LETTERS OF CREDIT

  	
  38

  
	
   

  	
  §3.1.

  	
  Letters of Credit

  	
  38

  
	
   

  	
  §3.2.

  	
  Procedures for Issuance and Amendment of Letters of
  Credit; Auto-Extension of Letters of Credit

  	
  40

  
	
   

  	
  §3.3.

  	
  Drawings and Reimbursements

  	
  42

  
	
   

  	
  §3.4.

  	
  Repayment of Participations

  	
  44

  
	
   

  	
  §3.5.

  	
  Obligations Absolute

  	
  44

  
	
   

  	
  §3.6.

  	
  Role of Issuing Bank

  	
  45

  
	
   

  	
  §3.7.

  	
  Cash Collateral

  	
  46

  
	
   

  	
  §3.8.

  	
  Applicability of ISP and UCP

  	
  47

  
	
   

  	
  §3.9.

  	
  Transitional Letters of Credit

  	
  47

  
	
   

  	
  §3.10.

  	
  Letter of Credit Fee

  	
  47

  
	
   

  	
  §3.11.

  	
  Conflict with Issuer Documents

  	
  48

  
	
  §4.

  	
  CERTAIN GENERAL PROVISIONS; FEES

  	
  48

  
	
   

  	
  §4.1.

  	
  Closing and Administrative Agent Fees

  	
  48

  
	
   

  	
  §4.2.

  	
  Other Fees

  	
  48

  
	
   

  	
   

  	
  §4.2.1.

  	
  Facility Fee

  	
  48

  
	
   

  	
   

  	
  §4.2.2.

  	
  Utilization Fee

  	
  48

  
	
   

  	
  §4.3.

  	
  Funds for Payments

  	
  48

  
	
   

  	
   

  	
  §4.3.1.

  	
  Payments to Administrative Agent

  	
  48

  
	
   

  	
   

  	
  §4.3.2.

  	
  No Offset, Etc

  	
  49

  
	
   

  	
   

  	
  §4.3.3.

  	
  Withholding

  	
  49

  
	
   

  	
  §4.4.

  	
  Computations

  	
  51

  
	
   

  	
  §4.5.

  	
  Inability to Determine Eurocurrency Rate

  	
  51

  
	
   

  	
  §4.6.

  	
  Illegality

  	
  52

  
	
   

  	
  §4.7.

  	
  Additional Costs, Etc

  	
  52

  
	
   

  	
  §4.8.

  	
  Capital Adequacy

  	
  54

  
	
   

  	
  §4.9.

  	
  Certificate

  	
  54

  

 

 ii
 

 

	
  

  	
   

  	
  Page

  
	
  

  	
   

  	
   

  	
   

  	
   

  
	
  

  	
  §4.10.

  	
  Indemnity

  	
  54

  
	
   

  	
  §4.11.

  	
  Interest After Default

  	
  55

  
	
   

  	
  §4.12.

  	
  Replacement of Individual Lenders

  	
  55

  
	
   

  	
  §4.13.

  	
  Additional Reserve Requirements

  	
  56

  
	
   

  	
  §4.14.

  	
  Guaranties

  	
  56

  
	
  §5.

  	
  REPRESENTATIONS AND WARRANTIES

  	
  57

  
	
   

  	
  §5.1.

  	
  Corporate Authority

  	
  57

  
	
   

  	
   

  	
  §5.1.1.

  	
  Incorporation; Good Standing

  	
  57

  
	
   

  	
   

  	
  §5.1.2.

  	
  Authorization

  	
  57

  
	
   

  	
   

  	
  §5.1.3.

  	
  Enforceability

  	
  57

  
	
   

  	
  §5.2.

  	
  Governmental Approvals

  	
  57

  
	
   

  	
  §5.3.

  	
  Title to Properties; Leases

  	
  58

  
	
   

  	
  §5.4.

  	
  Financial Statements; Fiscal Year

  	
  58

  
	
   

  	
  §5.5.

  	
  No Material Changes, Etc

  	
  58

  
	
   

  	
  §5.6.

  	
  Franchises, Patents, Copyrights, Etc

  	
  59

  
	
   

  	
  §5.7.

  	
  Litigation

  	
  59

  
	
   

  	
  §5.8.

  	
  Compliance with Other Instruments, Laws, Etc

  	
  59

  
	
   

  	
  §5.9.

  	
  Tax Status

  	
  59

  
	
   

  	
  §5.10.

  	
  No Event of Default

  	
  59

  
	
   

  	
  §5.11.

  	
  Holding Company and Investment Company Acts

  	
  60

  
	
   

  	
  §5.12.

  	
  Employee Benefit Plans

  	
  60

  
	
   

  	
   

  	
  §5.12.1.

  	
  In General

  	
  60

  
	
   

  	
   

  	
  §5.12.2.

  	
  Terminability of Welfare Plans

  	
  60

  
	
   

  	
   

  	
  §5.12.3.

  	
  Guaranteed Pension Plans

  	
  60

  
	
   

  	
   

  	
  §5.12.4.

  	
  Multiemployer Plans

  	
  61

  
	
   

  	
  §5.13.

  	
  Regulations U and X, Etc

  	
  61

  
	
   

  	
  §5.14.

  	
  Environmental Compliance

  	
  61

  
	
   

  	
  §5.15.

  	
  Foreign Assets Control Regulations, Etc

  	
  62

  
	
   

  	
  §5.16.

  	
  Subsidiaries, Etc

  	
  62

  
	
   

  	
  §5.17.

  	
  Taxpayer Identification Numbers

  	
  62

  

 

 iii
 

 

	
  

  	
   

  	
  Page

  
	
  

  	
   

  	
   

  	
   

  	
   

  
	
  §6.

  	
  AFFIRMATIVE COVENANTS OF THE BORROWER

  	
  63

  
	
   

  	
  §6.1.

  	
  Punctual Payment

  	
  63

  
	
   

  	
  §6.2.

  	
  Maintenance of Office

  	
  63

  
	
   

  	
  §6.3.

  	
  Records and Accounts

  	
  63

  
	
   

  	
  §6.4.

  	
  Financial Statements, Certificates and Information

  	
  63

  
	
   

  	
  §6.5.

  	
  Notices

  	
  65

  
	
   

  	
  §6.6.

  	
  Legal Existence; Maintenance of Properties

  	
  66

  
	
   

  	
  §6.7.

  	
  Insurance

  	
  67

  
	
   

  	
  §6.8.

  	
  Taxes

  	
  67

  
	
   

  	
  §6.9.

  	
  Inspection of Properties and Books, Etc

  	
  67

  
	
   

  	
  §6.10.

  	
  Compliance with Laws, Contracts, Licenses, and
  Permits

  	
  67

  
	
   

  	
  §6.11.

  	
  Employee Benefit Plans

  	
  68

  
	
   

  	
  §6.12.

  	
  Use of Proceeds

  	
  68

  
	
   

  	
  §6.13.

  	
  Licenses and Permits

  	
  68

  
	
   

  	
  §6.14.

  	
  Guaranties

  	
  68

  
	
   

  	
  §6.15.

  	
  Further Assurances

  	
  69

  
	
  §7.

  	
  CERTAIN NEGATIVE COVENANTS OF THE BORROWER

  	
  69

  
	
   

  	
  §7.1.

  	
  Restrictions on Indebtedness

  	
  69

  
	
   

  	
  §7.2.

  	
  Restrictions on Liens

  	
  71

  
	
   

  	
  §7.3.

  	
  Restrictions on Investments

  	
  73

  
	
   

  	
  §7.4.

  	
  Distributions

  	
  74

  
	
   

  	
  §7.5.

  	
  Employee Benefit Plans

  	
  74

  
	
   

  	
  §7.6.

  	
  Merger and Consolidation; Acquisitions

  	
  74

  
	
   

  	
  §7.7.

  	
  Disposition of Assets and Sale-Leaseback
  Transactions

  	
  75

  
	
   

  	
  §7.8.

  	
  Subordinated Debt

  	
  75

  
	
   

  	
  §7.9.

  	
  Transactions with Affiliates

  	
  76

  
	
  §8.

  	
  FINANCIAL COVENANTS OF THE BORROWER

  	
  76

  
	
   

  	
  §8.1.

  	
  Fixed Charge Coverage Ratio

  	
  76

  
	
   

  	
  §8.2.

  	
  Adjusted Funded Debt to Total Capitalization Ratio

  	
  76

  
	
  §9.

  	
  CLOSING CONDITIONS

  	
  76

  
					

 

 iv
 

 

	
  

  	
   

  	
  Page

  
	
  

  	
   

  	
   

  	
   

  	
   

  
	
  

  	
  §9.1.

  	
  Loan Documents

  	
  76

  
	
   

  	
  §9.2.

  	
  Certified Copies of Charter Documents

  	
  77

  
	
   

  	
  §9.3.

  	
  Corporate Action

  	
  77

  
	
   

  	
  §9.4.

  	
  Incumbency Certificate

  	
  77

  
	
   

  	
  §9.5.

  	
  Opinion of Counsel

  	
  77

  
	
   

  	
  §9.6.

  	
  Payment of Fees

  	
  77

  
	
   

  	
  §9.7.

  	
  Existing Credit Agreement

  	
  77

  
	
   

  	
  §9.8.

  	
  Compliance Certificate

  	
  78

  
	
   

  	
  §9.9.

  	
  UCC Search Results

  	
  78

  
	
   

  	
  §9.10.

  	
  Certificate of Insurance

  	
  78

  
	
   

  	
  §9.11.

  	
  No Material Adverse Change

  	
  78

  
	
  §10.

  	
  CONDITIONS TO ALL BORROWINGS

  	
  78

  
	
   

  	
  §10.1.

  	
  Representations True; No Event of Default

  	
  78

  
	
   

  	
  §10.2.

  	
  No Legal Impediment

  	
  78

  
	
   

  	
  §10.3.

  	
  Governmental Regulation

  	
  79

  
	
   

  	
  §10.4.

  	
  Proceedings and Documents

  	
  79

  
	
   

  	
  §10.5.

  	
  Alternative Currency

  	
  79

  
	
  §11.

  	
  EVENTS OF DEFAULT; ACCELERATION; ETC

  	
  79

  
	
   

  	
  §11.1.

  	
  Events of Default and Acceleration

  	
  79

  
	
   

  	
  §11.2.

  	
  Termination of Commitments

  	
  83

  
	
   

  	
  §11.3.

  	
  Remedies

  	
  83

  
	
  §12.

  	
  SETOFF

  	
  83

  
	
  §13.

  	
  THE ADMINISTRATIVE AGENT

  	
  84

  
	
   

  	
  §13.1.

  	
  Authorization

  	
  84

  
	
   

  	
  §13.2.

  	
  Employees and Agents

  	
  85

  
	
   

  	
  §13.3.

  	
  No Liability

  	
  85

  
	
   

  	
  §13.4.

  	
  No Representations

  	
  86

  
	
   

  	
   

  	
  §13.4.1.

  	
  General

  	
  86

  
	
   

  	
   

  	
  §13.4.2.

  	
  Closing Documentation, etc.

  	
  87

  
	
   

  	
  §13.5.

  	
  Payments

  	
  87

  
						

 

 v
 

 

	
  

  	
   

  	
  Page

  
	
  

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  §13.5.1.

  	
  Payments to Administrative Agent

  	
  87

  
	
   

  	
   

  	
  §13.5.2.

  	
  Distribution by Administrative Agent

  	
  87

  
	
   

  	
   

  	
  §13.5.3.

  	
  Delinquent Lenders

  	
  87

  
	
   

  	
  §13.6.

  	
  Holders of Notes

  	
  88

  
	
   

  	
  §13.7.

  	
  Indemnity

  	
  88

  
	
   

  	
  §13.8.

  	
  Administrative Agent as Lender; Etc

  	
  88

  
	
   

  	
  §13.9.

  	
  Resignation

  	
  88

  
	
   

  	
  §13.10.

  	
  Notification of Defaults and Events of Default

  	
  89

  
	
   

  	
  §13.11.

  	
  Administrative Agent May File Proofs of Claim

  	
  90

  
	
  §14.

  	
  EXPENSES

  	
  90

  
	
  §15.

  	
  INDEMNIFICATION

  	
  91

  
	
  §16.

  	
  SURVIVAL OF COVENANTS, ETC

  	
  92

  
	
  §17.

  	
  ASSIGNMENT AND PARTICIPATION

  	
  93

  
	
   

  	
  §17.1.

  	
  General Conditions and Conditions to Assignment

  	
  93

  
	
   

  	
  §17.2.

  	
  Certain Representations and Warranties; Limitations;
  Covenants

  	
  94

  
	
   

  	
  §17.3.

  	
  Register

  	
  95

  
	
   

  	
  §17.4.

  	
  Participations

  	
  95

  
	
   

  	
  §17.5.

  	
  Limitation upon Participant Rights

  	
  96

  
	
   

  	
  §17.6.

  	
  Assignee or Participant Affiliated with the Borrower

  	
  96

  
	
   

  	
  §17.7.

  	
  Miscellaneous Assignment Provisions

  	
  97

  
	
   

  	
  §17.8.

  	
  Resignation after Assignment

  	
  97

  
	
  §18.

  	
  NOTICES, ETC

  	
  98

  
	
  §19.

  	
  GOVERNING LAW

  	
  99

  
	
  §20.

  	
  HEADINGS

  	
  100

  
	
  §21.

  	
  COUNTERPARTS

  	
  100

  
	
  §22.

  	
  ENTIRE AGREEMENT, ETC

  	
  100

  
	
  §23.

  	
  WAIVER OF JURY TRIAL

  	
  100

  
	
  §24.

  	
  CONSENTS, AMENDMENTS, WAIVERS, ETC

  	
  101

  
	
  §25.

  	
  TREATMENT OF CERTAIN CONFIDENTIAL INFORMATION

  	
  101

  
	
   

  	
  §25.1.

  	
  Confidentiality

  	
  101

  
						

 

 vi
 

 

	
  

  	
   

  	
  Page

  
	
  

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  §25.2.

  	
  Prior Notification

  	
  102

  
	
   

  	
  §25.3.

  	
  Other

  	
  103

  
	
  §26.

  	
  SEVERABILITY

  	
  103

  
	
  §27.

  	
  JUDGMENT CURRENCY

  	
  103

  
	
  §28.

  	
  USA PATRIOT ACT NOTICE

  	
  103

  
	
  §29.

  	
  NO ADVISORY OR FIDUCIARY RESPONSIBILITY

  	
  104

  
	
  §30.

  	
  TRANSITIONAL ARRANGEMENTS

  	
  105

  
					

 

 vii

EXHIBITS
AND SCHEDULES

	
  Exhibit A

  	
  Form of Loan Request

  
	
  Exhibit B

  	
  Form of Competitive Bid Quote Request

  
	
  Exhibit C

  	
  Form of Invitation for Competitive Bid Quotes

  
	
  Exhibit D-1

  	
  Form of Competitive Bid Quote

  
	
  Exhibit D-2

  	
  Form of Notice of Competitive Bid Borrowing

  
	
  Exhibit D-3

  	
  Form of Notice of Competitive Bid Loans

  
	
  Exhibit E

  	
  Form of Guaranty

  
	
  Exhibit F

  	
  Form of Compliance Certificate

  
	
  Exhibit G

  	
  Form of Assignment and Acceptance

  
	
  Exhibit H

  	
  Form of Swing Line Loan Request

  
	
  Exhibit I

  	
  Form of Joinder Agreement

  
	
   

  	
   

  
	
  Schedule 1

  	
  Lenders

  
	
  Schedule 2

  	
  Guarantors

  
	
  Schedule 3

  	
  Mandatory Costs

  
	
  Schedule 3.9

  	
  Transitional Letters of Credit

  
	
  Schedule 5.3

  	
  Title to Properties, Leases

  
	
  Schedule 5.7

  	
  Litigation

  
	
  Schedule 5.9

  	
  Taxes

  
	
  Schedule 5.12

  	
  Pension Liabilities

  
	
  Schedule 5.14

  	
  Environmental Compliance

  
	
  Schedule 5.16(a)

  	
  Subsidiaries

  
	
  Schedule 5.16(b)

  	
  Joint Ventures and Partnerships

  
	
  Schedule 5.16(c)

  	
  Equity Interests of 50% or Less

  
	
  Schedule 5.17

  	
  Tax Payer Identification Numbers

  
	
  Schedule 7.1

  	
  Existing Indebtedness

  
	
  Schedule 7.2

  	
  Existing Liens

  
	
  Schedule 7.3

  	
  Existing Investments

  

 

AMENDED
AND RESTATED REVOLVING CREDIT AGREEMENT

This AMENDED AND
RESTATED  REVOLVING CREDIT AGREEMENT, dated as of October 13, 2006, is by and among (a) STAPLES, INC. (the “Borrower”),
a Delaware corporation having its principal place of business at 500 Staples
Drive, Framingham, MA 01701, (b) BANK OF AMERICA, N.A.
and the other lending institutions listed on Schedule  1 attached
hereto (the “Lenders”), (c) BANK OF AMERICA, N.A., as administrative agent (in such
capacity, the “Administrative Agent”) for
the Lenders, (d) CITIBANK N.A., as syndication agent for the Lenders (the “Syndication Agent”), and (e) HSBC BANK USA, JPMORGAN CHASE BANK, N.A. and
WACHOVIA BANK, NATIONAL ASSOCIATION, as co-documentation
agents for the Lenders (collectively the “Co-Documentation Agents”).

WHEREAS, the
Borrower, the lenders and agents party thereto (the “Existing  Lenders”)
are parties to that Existing Credit Agreement (as hereinafter defined),
pursuant to which the Existing Lenders have made loans and other extensions of
credit to the Borrower.

WHEREAS, the
Lenders are willing to amend and restate the Existing Credit Agreement, and the
Lenders are willing to make loans and other extensions of credit to the
Borrower, all on the terms and conditions set forth herein.

NOW THEREFORE, in
consideration of the foregoing, and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged (these recitals
being an integral part of this Credit Agreement), the Borrower, the
Administrative Agent and the Lenders hereby agree that, as of the Closing Date
(as defined below), the Existing Credit Agreement shall be amended and restated
in its entirety and shall remain in full force and effect only as set forth
herein and the parties hereto hereby agree as follows:

§1.          DEFINITIONS AND RULES
OF INTERPRETATION.

§1.1.       Definitions.  The following terms shall have the meanings
set forth in this §1 or elsewhere in the provisions of this Credit Agreement
referred to below:

Absolute Rate.  With respect to any Competitive Bid Loan
(other than a Eurocurrency Loan), the fixed rate of interest per annum
specified by the Lender making such Competitive Bid Loan in its related
Competitive Bid Quote.

Absolute Rate
Competitive  Bid  Loan 
A Competitive Bid Loan bearing interest at an Absolute Rate.

Adjustment Date.  The date which is three (3) Business Days
after each Compliance Certificate is delivered by the Borrower pursuant to
§§6.4(a) and (b) hereof.

Administrative  Agent.  As defined in the preamble hereto.

Administrative  Agent  Fees.  See §4.1 hereof.

Administrative  Agent’s  Head
Office.  The Administrative Agent’s
office located at 1850 Gateway Blvd., Concord CA 94520-3282, or at such other
location as the Administrative Agent may designate from time to time.

Administrative  Questionnaire  An Administrative Questionnaire in a form
supplied by the Administrative Agent.

Administrative  Agent’s  Special
Counsel.  Bingham McCutchen LLP or
such other counsel as may be approved by the Administrative Agent.

Affiliate.  Any Person that would be considered to be an
affiliate of a Person under Rule 144(a) of the Rules and Regulations of the
Securities and Exchange Commission, as in effect on the Closing Date, if such
Person were issuing securities.

Agents.  Collectively, (a) the Administrative Agent,
(b) the Syndication Agent and (c) the Co-Documentation Agents.

Agreement  Currency.  See §27 hereof.

Alternative  Currency. Each of
the Euro, the Sterling, the Canadian Dollar and each other currency (other than
Dollars) that is approved in accordance with §1.4 hereof.

Alternative  Currency  Equivalent.
At any time, with respect to any amount denominated in Dollars, the equivalent
amount thereof in the applicable Alternative Currency as determined by the
Administrative Agent or the Issuing Bank, as the case may be, 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 Dollars.

Alternative  Currency  Sublimit.
An amount equal to the lesser of the Total Commitment and $375,000,000.  The Alternative Currency Sublimit is part of,
and not in addition to, the Total Commitments.

Applicable Margin.  The Applicable Margin shall be in effect for
each period commencing on an Adjustment Date through the date immediately
preceding the next Adjustment Date (each a “Rate
Adjustment Period”) based on a determination of the Fixed Charge Coverage
Ratio and the Senior Debt Rating.  The
Fixed Charge Coverage Ratio shall be determined as at the end of the fiscal
period for which financial statements and a Compliance Certificate have most
recently been delivered to the Administrative Agent pursuant to §6.4 hereof and
the Senior Debt Rating shall be determined as of the last day of the preceding
Rate Adjustment Period.  The Applicable
Margin shall be the applicable rate per annum,
corresponding to the lower of the Levels set forth in the table below (with
Level I being the lowest level and Level V being the highest level)
corresponding to the Fixed Charge Coverage Ratio or the Senior Debt
Rating.  In the event that the Senior
Debt Ratings assigned by Moody’s and S&P are not equivalent, the following
criteria shall determine which Level shall be applicable to the Senior Debt 

 2
 

Rating: (a) if the Senior
Debt Ratings are one Level apart, the Level applicable to the Senior Debt
Rating shall be the lower of the two Levels and (b) if the Senior Debt Ratings
are more than one Level apart, the Level applicable to the Senior Debt Rating
shall be one Level below the higher of the two Levels.  For purposes of clarity, the parties hereto
acknowledge that (i) the Applicable Margin with respect to Eurocurrency Rate
Loans shall be the rate per annum set forth in column D in the table below,
(ii) the Facility Fee shall be the rate per annum set forth in column E in the
table below and (iii) the Utilization Fee shall be the rate per annum set forth
in column F.

 

	
  A

  Level

  	
   

  	
  B

  Fixed Charge

  Coverage

  Ratio

  	
   

  	
  C

  Senior Debt

  Rating

  	
   

  	
  D

  Eurocurrency

  Rate Loans

  	
   

  	
  E

  Facility Fee

  	
   

  	
  F

  Utilization Fee

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  I

  	
   

  	
  >4.00:1

  	
   

  	
  S&P: A Moody’s: A2 or better

  	
   

  	
  0.140%

  	
   

  	
  0.060%

  	
   

  	
  0.050%

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  II

  	
   

  	
  >2.75:1
  and <4.00:1

  	
   

  	
  S&P: A- Moody’s: A3 or better

  	
   

  	
  0.180%

  	
   

  	
  0.070%

  	
   

  	
  0.050%

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  III

  	
   

  	
  >2.5:1
  and <2.75:1

  	
   

  	
  S&P: BBB+ Moody’s: Baa1 or better

  	
   

  	
  0.270%

  	
   

  	
  0.080%

  	
   

  	
  0.050%

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  IV

  	
   

  	
  >2.25:1
  and <2.5:1

  	
   

  	
  S&P: BBB Moody’s: Baa2 or better

  	
   

  	
  0.310%

  	
   

  	
  0.090%

  	
   

  	
  0.100%

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  V

  	
   

  	
  < 2.25:1

  	
   

  	
  S&P: BBB- or lower Moody’s: Baa3 or lower

  	
   

  	
  0.375%

  	
   

  	
  0.125%

  	
   

  	
  0.100%

  

Notwithstanding the
foregoing, if the Borrower fails to deliver any Compliance Certificate pursuant
to §§6.4(a) or (b) hereof then, for the period commencing on the date such
Compliance Certificate was due through the date immediately preceding the
Adjustment Date that occurs immediately following the date on which such
Compliance Certificate is delivered, the Applicable Margin shall be the
Applicable Margin corresponding to Level V above.

 3
 

Applicable  Pension  Legislation.  At any time, any pension or retirement
benefits legislation (be it national, federal, provincial, territorial or otherwise)
then applicable to the Borrower or any of its Subsidiaries.

Applicable  Time. 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 or the Issuing Bank, as the case may be, to be
necessary for timely settlement on the relevant date in accordance with normal
banking procedures in the place of payment.

Approved Fund.  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.

Arranger.  Banc of America Securities LLC, a Delaware
limited liability company.

Assignment  and  Acceptance.  See §17.1 hereof.

Auto-Extension Letter  of  Credit. See
§3.2(c) hereof.

Balance  Sheet  Date.  January 28, 2006.

Bank  of  America. Bank
of America, N.A. a national banking association, in its individual capacity.

Base  Rate.  The higher of (a) the annual rate of interest
publicly announced from time to time by Bank of America at its office in
Charlotte, North Carolina, as its “prime rate” and (b) one-half of one percent
(1/2%) per annum above the Federal Funds Effective Rate.  “Federal
Funds Effective Rate” shall mean 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 for the Business Day next succeeding (or, if such day is not
a Business Day, for the next preceding Business Day) by the Federal Reserve
Bank of New York, or, if such rate is not so published for any next succeeding
Business Day, the Federal Funds Effective Rate for any such day shall be the
average rate per annum (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. 
Changes in the “prime rate” resulting from any changes in Bank of
America’s “prime rate” shall take place immediately without notice or demand of
any kind.

Base  Rate  Loans.  Any Revolving Credit Loans bearing interest
calculated by reference to the Base Rate. All Base Rate Loans shall be
denominated in Dollars.

Borrower.  As defined in the preamble hereto.

Borrower  Materials.  See §6.4 hereof.

 4
 

Business  Day.  Any day on which banking institutions in New
York, New York, are open for the transaction of banking business and:

(a)           if such day relates to
any interest rate settings as to a Eurocurrency Rate Loan denominated in
Dollars, any fundings, disbursements, settlements and payments in Dollars in
respect of any such Eurocurrency Rate Loan, or any other dealings in Dollars to
be carried out pursuant to this Credit Agreement in respect of any such
Eurocurrency Rate Loan, means any such day on which dealings in deposits in
Dollars are conducted by and between banks in the London interbank eurodollar
market;

(b)           if such day relates to
any interest rate settings as to a Eurocurrency Rate Loan denominated in Euro,
any fundings, disbursements, settlements and payments in Euro in respect of any
such Eurocurrency Rate Loan, or any other dealings in Euro to be carried out
pursuant to this Credit Agreement in respect of any such Eurocurrency Rate
Loan, means a TARGET Day;

(c)           if such day relates to
any interest rate settings as to a Eurocurrency Rate Loan denominated in a
currency other than 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

(d)           if such day relates to
any fundings, disbursements, settlements and payments in a currency other than
Dollars or Euro in respect of a Eurocurrency Rate Loan denominated in a
currency other than Dollars or Euro, or any other dealings in any currency
other than Dollars or Euro to be carried out pursuant to this Credit Agreement
in respect of any such Eurocurrency Rate Loan (other than any interest rate settings),
means any such day on which banks are open for foreign exchange business in the
principal financial center of the country of such currency.

Canadian Dollars.  Dollars in lawful
currency of Canada.

Capital Stock.  With respect to any corporation, partnership,
trust, unincorporated association, joint venture, limited liability company, or
other legal or business entity, any and all shares, interests, participations
or other equivalent (however designated) of capital stock of such entity, any
and all limited or general partnership interests and equivalent ownership
interests in such entity, any and all warrants and options to purchase any of
the foregoing, and any securities convertible into any of the foregoing.

Capitalized  Leases.  Leases under which the Borrower or any of its
Subsidiaries is the lessee or obligor, the discounted future rental payment
obligations under which are required to be capitalized on the balance sheet of
the lessee or obligor in accordance with GAAP.

Cash Collateralize.  See §3.7(c) hereof.

CERCLA.  The Comprehensive Environmental Response,
Compensation and Liability Act of 1980.

 5
 

Closing  Date.  The first date on which the conditions set
forth in §9 hereof have been satisfied, which shall be no later than November
30, 2006.

Code.  The Internal Revenue Code of 1986.

Co-Documentation
Agents.  As defined in the preamble
hereto.

Commitment.  The agreement of each Lender, subject to the
terms and conditions of this Credit Agreement, to make Revolving Credit Loans
to, and to participate in Swing Line Loans and the issuance, extension and
renewal of Letters of Credit for the account of the Borrower.

Commitment  Amount.  With respect to each Lender, the amount of
such Lender’s Commitment set forth on Schedule  1 attached hereto,
as the same may be increased or reduced from time to time in accordance with
the terms of this Credit Agreement; or if the Total Commitment is terminated
pursuant to the provisions hereof, zero.

Commitment  Percentage.  With respect to each Lender, the percentage
set forth on Schedule  1 attached hereto as such Lender’s
percentage of the Total Commitment.

Competitive Bid Loan(s).  A borrowing hereunder consisting of one or
more revolving credit loans made by any of the Lenders whose offer to make a
revolving credit loan as part of such borrowing has been accepted by the
Borrower under the auction bidding procedure described in §2.3 hereof.
Competitive Bid Loans may only be denominated in Dollars.

Competitive Bid Quote.  An offer by a Lender to make a Competitive
Bid Loan in accordance with §2.3 hereof.

Competitive Bid Quote
Request.  See §2.3.1(b)
hereof.

Competitive Bid Rate.  With respect to any Competitive Bid Quote,
the Margin or Absolute Rate, as applicable, offered by the Lender making such
Competitive Bid Quote.

Competitive Bid Sublimit.  $200,000,000.

Compliance  Certificate.  See §6.4(a) hereof.

Confidential Information.  All information relating to the Borrower or
any of its Subsidiaries that is labeled by the Borrower or such Subsidiary as
confidential at the time such information is supplied by the Borrower or such
Subsidiary to a Lender, other than information which (a) is public knowledge or
generally available to the public, or (b) is obtained by any of the Lenders,
whether prior to or after disclosure to such Lender by the Borrower or any of
its Subsidiaries, from a source other than the Borrower or any of its
Subsidiaries, provided that such information is not known by such Lender to
have been disclosed by any party in violation of a confidentiality agreement
with the Borrower or any of its Subsidiaries, any other obligation of
nondisclosure with respect to the Borrower 

 6
 

or any of its
Subsidiaries or any applicable statutory or regulatory limitation imposed on
the disclosure of such information.

Consolidated  or  consolidated.  With reference to any term defined herein,
shall mean that term as applied to the accounts of the Borrower and its
Subsidiaries, consolidated in accordance with GAAP.

Consolidated Adjusted
Funded  Debt.  With respect
to the Borrower and its Subsidiaries, as at any date of determination, on a
consolidated basis, the aggregate of (a) Consolidated Total Funded Debt as of
such date plus (b) (i) Rental Expense for the period of twelve
consecutive months then ended multiplied  by (ii) eight (8).

Consolidated EBIT.  For any period, consolidated net income (or
deficit) of the Borrower and its Subsidiaries, after deducting all expenses and
other proper charges other than interest expense, taxes and any noncash
nonrecurring charges, and excluding, without duplication, (a) all extraordinary
and nonrecurring items of (i) income or (ii) cash losses in an aggregate amount
not to exceed $100,000,000 on a cumulative basis from the Closing Date, as
determined in accordance with GAAP and (b) all income or loss from any
corporation, partnership, limited liability company, joint venture or other
entity in which the Borrower or any of its Subsidiaries holds not more than a
fifty percent (50%) ownership interest, as determined in accordance with GAAP; provided
that there shall be further excluded in calculating consolidated net income (or
deficit) for purposes of this definition, without duplication, any noncash (x)
losses attributable to the use of a fair value methodology for recognition and
measurement of impairment of goodwill not identified with impaired assets in
accordance with Accounting Principles Board Opinion No. 142 and (y) SFAS 123R
expenses.

Consolidated  Total  Assets.  All assets of the Borrower and its
Subsidiaries determined on a consolidated basis in accordance with GAAP.

Consolidated  Total Funded  Debt.  With respect to the Borrower and its
Subsidiaries, as at any date of determination, on a consolidated basis, the
aggregate (without duplication) of (a) all outstanding Indebtedness of the
Borrower and its Subsidiaries relating to or in respect of (i) the borrowing of
money or the obtaining of credit, including the issuance of notes or bonds and
standby letters of credit outstanding but excluding documentary letters of
credit, (ii) the deferred purchase price of assets (other than trade payables
incurred in the ordinary course of business), (iii) any Synthetic Leases or any
Capitalized Leases, and (iv) the transactions permitted under §7.1(q) hereof, plus
(b) all Indebtedness of the type referred to in clause (a) of another Person
guaranteed by the Borrower or any of its Subsidiaries.

Consolidated  Total  Interest
Expense.  For any period, the
aggregate amount of interest required to be paid or accrued by the Borrower and
its Subsidiaries during such period on all Indebtedness of the Borrower and its
Subsidiaries outstanding during all or any part of such period, whether such
interest was or is required to be reflected as an item of expense or
capitalized, including payments consisting of interest in respect of 

 7
 

Capitalized Leases and
Synthetic Leases, and including facility fees, commitment fees, usage fees,
agency fees, balance deficiency fees, and similar fees or expenses in
connection with the borrowing of money, as determined in accordance with GAAP.

Contingent Liabilities.  Any guaranties, endorsements, obligations to
reimburse the issuer in respect of any letters of credit, agreements to
purchase or provide funds for the payment of obligations of others, or other
liabilities which would be classified as contingent in accordance with GAAP
consistently applied, excluding, however, (a) product warranties given in the
ordinary course of business, (b) endorsements of checks or other negotiable
instruments for deposit or collection in the ordinary course of business, and
(c) reimbursement obligations in respect of documentary trade letters of
credit.

Conversion  Request.  A notice given by the Borrower to the
Administrative Agent of the Borrower’s election to convert or continue a
Syndicated Loan in accordance with §2.9 hereof.

Credit  Agreement.  This Revolving Credit Agreement, including
the Schedules and Exhibits hereto.

Default.  See §11.1 hereof.

Delinquent  Lender.  See §13.5.3 hereof.

Distribution.  The declaration or payment of any dividend on
or in respect of any shares of any class of Capital Stock of the Borrower,
other than dividends payable solely in shares of common stock of the Borrower;
the purchase, redemption, or other retirement of any shares of any class of
Capital Stock of the Borrower, directly or indirectly through a Subsidiary of
the Borrower or otherwise; the return of capital by the Borrower to its
shareholders as such; or any other distribution on or in respect of any shares
of any class of Capital Stock of the Borrower.

Dollars or $.  Dollars in lawful currency of the United
States of America.

Dollar  Equivalent. At any
time, (a) with respect to any amount denominated in Dollars, such amount,
and (b) with respect to any amount denominated in any Alternative
Currency, the equivalent amount thereof in Dollars as determined by the
Administrative Agent or the Issuing Bank, as the case may be, at such time on
the basis of the Spot Rate (determined in respect of the most recent
Revaluation Date) for the purchase of Dollars with such Alternative Currency.

Domestic Subsidiary.  Any Subsidiary that is organized under the
laws of the United States of America, any state or territory thereof or the
District of Columbia.

Drawdown  Date.  The date on which any Syndicated Loan is made
or is to be made, and the date on which any Syndicated Loan is converted or
continued in accordance with §2.9 hereof.

 8
 

Eligible  Assignee.  Any of (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 the Issuing Bank, and (ii)
unless an Event of Default has occurred and is continuing, the Borrower (each
such approval not to be unreasonably withheld or delayed, and in the case of
(ii), it being understood that it shall be reasonable for the Borrower to
withhold such approval if the proposed Person does not have an investment grade
rating).

Employee  Benefit  Plan.  Any employee benefit plan within the meaning
of §3(3) of ERISA maintained or contributed to by the Borrower, other than a
Guaranteed Pension Plan or a Multiemployer Plan.

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

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

Environmental  Laws.  Any judgment, decree, order, law, license,
rule or regulation pertaining to environmental matters, including without
limitation, those arising under the Resource Conservation and Recovery Act (“RCRA”), CERCLA, the Superfund Amendments and
Reauthorization Act of 1986 (“SARA”), the
Federal Clean Water Act, the Federal Clean Air Act, the Toxic Substances
Control Act, or any state or local statute, regulation, ordinance, order or
decree relating to health, safety or the environment.

Environmental Notice.  Any notice to the Borrower or any of its
Subsidiaries from any third party including, without limitation: any federal,
state or local governmental authority, (a) that it has been identified by the
United States Environmental Protection Agency as a potentially responsible
party under CERCLA with respect to a site listed on the National Priorities
List, 40 C.F.R. Part 300 Appendix B; (b) that any Hazardous Substances which it
has generated, transported or disposed of has been found at any site at which a
federal, state or local agency or other third party has conducted or has
ordered that the Borrower or any of its Subsidiaries conduct a remedial
investigation, removal or other response action pursuant to any Environmental
Law; or (c) that it is or shall be a named party to any claim, action, cause of
action, complaint, or legal or administrative proceeding in connection with the
release of Hazardous Substances.

ERISA.  The Employee Retirement Income Security Act
of 1974.

ERISA  Affiliate.  Any Person which is treated as a single
employer with the Borrower under §414 of the Code.

ERISA  Reportable  Event.  A reportable event with respect to a
Guaranteed Pension Plan within the meaning of §4043 of ERISA and the
regulations promulgated thereunder as to which the requirement of notice has
not been waived.

 9
 

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

Eurocurrency  Rate  Competitive
Bid  Loan.  A Competitive
Bid Loan bearing interest at a Eurocurrency Rate.

Eurocurrency  Rate. For any
Interest Period with respect to a Eurocurrency Rate Loan, 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 (2) 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 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 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 (2) Business Days prior to the commencement of such Interest Period.

Eurocurrency Rate
Loans.  Any Syndicated Loans
bearing interest calculated by reference to the Eurocurrency Rate. Eurocurrency
Rate Loans (excluding Eurocurrency Rate Competitive Bid Loans) may be
denominated in Dollars or in an Alternative Currency.  All Loans denominated in an Alternative
Currency must be Eurocurrency Rate Loans.

Event  of  Default.  See §11.1 hereof.

Existing Credit Agreement.  That certain Revolving Credit Agreement dated
as of December 14, 2004, as amended, by and among the Borrower, the lending
institutions party thereto and Bank of America as administrative agent for such
lending institutions.

Existing  Letters  of  Credit.  See §3.9 hereof.

Facility Fee.  See §4.2.1 hereof.

Fee Letter.  See §4.1 hereof.

Financial  Affiliate.  A Subsidiary of the bank holding company
controlling any Lender, which Subsidiary is engaging in any of the activities
permitted by §4(e) of the Bank Holding Company Act of 1956 (12 U.S.C. §1843).

Fixed
Charge Coverage Ratio. 
See §8.1 hereof.

 10
 

Fixed  Rate
Loan.  A Swing Line Loan bearing
interest at a fixed rate determined in accordance with clause (b) of the
definition of “Money Market Rate” contained in this §1.1. Fixed Rate Loans may
only be denominated in Dollars.

Fund.  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.

GAAP or generally
accepted accounting principles.  (a) When used in §§7 and 8 hereof, whether
directly or indirectly through reference to a capitalized term used therein,
means (i) principles that are consistent with the principles promulgated or
adopted by the Financial Accounting Standards Board and its predecessors, in
effect for the fiscal year ended on the Balance Sheet Date, and (ii) to the
extent consistent with such principles, the accounting practice of the Borrower
reflected in its financial statements for the year ended on the Balance Sheet
Date, and (b) when used in general, other than as provided above, means
principles that are (i) consistent with the principles promulgated or adopted
by the Financial Accounting Standards Board and its predecessors, as in effect
from time to time, and (ii) consistently applied with past financial statements
of the Borrower adopting the same principles, provided that in each case
referred to in this definition of GAAP a certified public accountant would,
insofar as the use of such accounting principles is pertinent, be in a position
to deliver an unqualified opinion (other than a qualification regarding changes
in GAAP) as to financial statements in which such principles have been properly
applied.

Guaranteed  Pension  Plan.  Any employee pension benefit plan within the
meaning of §3(2) of ERISA maintained or contributed to by the Borrower or any
ERISA Affiliate the benefits of which are guaranteed on termination in full or
in part by the PBGC pursuant to Title IV of ERISA, other than a Multiemployer
Plan.

Guaranties.  The Guaranty by each Guarantor in favor of
the Administrative Agent for the benefit of the Lenders and the Administrative
Agent, dated as of the date hereof, and each additional guaranty executed by a
Subsidiary of the Borrower acquired or formed after the date hereof.

Guarantors.  Those Subsidiaries of the Borrower listed on Schedule 2 attached hereto, as such schedule
may be modified from time to time in accordance with §4.14 hereof.

Hazardous  Substances.  Any hazardous waste, as defined by 42 U.S.C.
§6903(5), any hazardous substances as defined by 42 U.S.C. §9601(14), any
pollutant or contaminant as defined by 42 U.S.C. §9601(33) and any toxic
substances, oil or hazardous materials or other chemicals or substances
regulated by any Environmental Laws.

Honor  Date. See §3.3(a)
hereof.

 11
 

Indebtedness.  All obligations, contingent and otherwise,
that in accordance with GAAP should be classified upon the obligor’s balance
sheet as liabilities, or to which reference should be made by footnotes
thereto, including in any event and whether or not so classified: (a) all debt
and similar monetary obligations, whether direct or indirect; (b) all
liabilities secured by any mortgage, pledge, security interest, lien, charge or
other encumbrance existing on property owned or acquired subject thereto,
whether or not the liability secured thereby shall have been assumed; (c) all
obligations in respect of interest rate protection arrangements and exchange
rate protection arrangements; (d) all guarantees, endorsements and other
contingent obligations whether direct or indirect in respect of indebtedness of
others, including any obligation to supply funds to or in any manner to invest
in, directly or indirectly, the debtor, to purchase indebtedness, or to assure
the owner of indebtedness against loss, through an agreement to purchase goods,
supplies, or services for the purpose of enabling the debtor to make payment of
the indebtedness held by such owner or otherwise, and the obligations to
reimburse the issuer in respect of any letters of credit; and (e) every
obligation of such Person under any Synthetic Lease.

Interest  Payment  Date.  (a) As to any Base Rate Loan, the last day of
the calendar quarter which includes the Drawdown Date thereof; (b) as to any
Eurocurrency Rate Loan in respect of which the Interest Period is (i) 3 months
or less, the last day of such Interest Period and (ii) more than 3 months, the
date that is 3 months from the first day of such Interest Period, the last day
of each 3 month period thereafter, and, in addition, the last day of such
Interest Period; (c) as to any Competitive Bid Loan, on the last day of the
Interest Period applicable thereto; and (d) with respect to any Swing Line
Loan, the day that such Swing Line Loan is required to be repaid.

Interest  Period.  With respect to each Loan (a) initially, the
period commencing on the Drawdown Date of such Loan and ending on the last day
of one of the periods set forth below, as selected by the Borrower in a Loan
Request (i) for any Base Rate Loan, the last day of the calendar quarter; (ii)
for any Eurocurrency Rate Loan, 1, 2, 3 or 6 months; (iii) for any Absolute
Rate Competitive Bid Loan, from 14 through 180 days; (iv) for any Eurocurrency
Rate Competitive Bid Loan, 1, 2, 3, or 6 months; and (v) for any Fixed Rate Loan,
the period requested by the Borrower and agreed to by the Administrative Agent
(but not exceeding ten (10) days) pursuant to §2.10.3 hereof and (b)
thereafter, each period commencing on the last day of the next preceding
Interest Period applicable to such Loan and ending on the last day of one of
the periods set forth above, as selected by the Borrower in a Conversion
Request; provided that all of the foregoing provisions relating to
Interest Periods are subject to the following:

(a)           if any Interest Period with respect to a Eurocurrency
Rate Loan would otherwise end on a day that is not a Business Day, that
Interest Period shall be extended to the next succeeding Business Day unless
the result of such extension would be to carry such Interest Period into another
calendar month, in which event such Interest Period shall end on the
immediately preceding Business Day;

 12
 

(b)           if any Interest Period with respect to a Base Rate
Loan would end on a day that is not a Business Day, that Interest Period shall
end on the next succeeding Business Day;

(c)           if the Borrower shall fail to give notice as provided
in §2.9 hereof, the Borrower shall be deemed to have requested a conversion of
the affected Eurocurrency Rate Loan to a Base Rate Loan and the continuance of
all Base Rate Loans as Base Rate Loans on the last day of the then current
Interest Period with respect thereto;

(d)           any Interest Period relating to any Eurocurrency Rate
Loan 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 a calendar
month;

(e)           any Interest Period relating to any Revolving Credit
Loan that would otherwise extend beyond the Maturity Date shall end on the
Maturity Date; and

(f)            if the Borrower shall
fail to give notice to the Administrative Agent of its intention to continue a
Fixed Rate Loan as provided in §2.10.3, the Borrower shall be deemed to have
requested a conversion of the affected Fixed Rate Loan to a Swing Line Loan
which is not a Fixed Rate Loan on the last day of the then current Interest
Period with respect thereto.

Investments.  All expenditures made and all liabilities
incurred (contingently or otherwise) for the acquisition of stock or
Indebtedness of, or for loans, advances, capital contributions or transfers of
property to, or in respect of any guaranties (or other commitments as described
under Indebtedness), or obligations of, any Person.  In determining the aggregate amount of
Investments outstanding at any particular time: (a) the amount of any
Investment represented by a guaranty shall be taken at not less than the
principal amount of the obligations guaranteed and still outstanding; (b) there
shall be included as an Investment all interest accrued with respect to
Indebtedness constituting an Investment unless and until such interest is paid;
(c) there shall be deducted in respect of each such Investment any amount
received as a return of capital (but only by repurchase, redemption,
retirement, repayment, liquidating dividend or liquidating distribution); (d)
there shall not be deducted in respect of any Investment any amounts received
as earnings on such Investment, whether as dividends, interest or otherwise, except
that accrued interest included as provided in the foregoing clause (b) may be
deducted when paid; and (e) there shall not be deducted from the aggregate
amount of Investments any decrease in the value thereof.

Invitation  for  Competitive
Bid  Quotes.  See §2.3.1(c)
hereof.

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

 13
 

Issuing Bank.  Bank of America or such other Lender as may
be selected by the Borrower, with the consent of the Administrative Agent (such
consent not to be unreasonably withheld) and such other Lender, to issue
Letters of Credit hereunder.  Nothing
herein shall be deemed to restrict the right of an Issuing Bank to issue
letters of credit outside of this Credit Agreement.

Joinder Agreements.  Joinder agreements in substantially the form
of Exhibit I hereto pursuant to which
Subsidiaries of the Borrower become parties to and agree to be bound by the
provisions of the Guaranty as a Guarantor.

Judgment  Currency.  See §27 hereof.

Lender Affiliate.  With respect to any Lender, (a) an Affiliate
of such Lender or (b) any Approved Fund.

Lenders.  As defined in the preamble hereto, which term
shall include any other Person who becomes an assignee of any rights and
obligations of a Lender pursuant to §17 hereof. Unless the context otherwise
requires, the term “Lenders” includes the Issuing Bank and the Administrative
Agent in its capacity as lender of the Swing Line Loans.

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

Letter(s) of Credit.  Standby and documentary letters of credit
issued by the Issuing Bank from time to time for the account of the Borrower
hereunder. Letters of Credit may be issued in Dollars or in an Alternative
Currency.

Letter  of  Credit  Application  An application and agreement for the issuance
or amendment of a Letter of Credit in the form from time to time in use by the
Issuing Bank.

Letter of Credit Fee.  See §3.10 hereof.

Letter of Credit Sublimit.  The lesser of $375,000,000 and the Total
Commitment.

Loan  Documents.  This Credit Agreement, the Guaranties, the
Fee Letter and any other documents delivered pursuant to this Credit Agreement.

Loan  Request.  See §2.2 hereof.

Loans.  Revolving Credit Loans made or to be made by
the Lenders to the Borrower pursuant to §2 hereof, whether Syndicated Loans or
Competitive Bid Loans, and Swing Line Loans.

Mandatory  Cost. With respect
to any period, the percentage rate per annum determined in accordance with Schedule
3.

 14
 

Margin.  With respect to any Competitive Bid Loan
bearing interest at a rate based on the Eurocurrency Rate, the marginal rate of
interest, if any, to be added to the Eurocurrency Rate to determine the rate of
interest applicable to such Competitive Bid Loan, as specified by the Lender
making such Competitive Bid Loan in its related Competitive Bid Quote.

Margin  Regulations.  See §5.13 hereof.

Maturity Date.  October 13, 2011.

Maximum Drawing Amount.  On the date as of which the maximum drawing
amount is to be determined, the Dollar Equivalent of the aggregate maximum
amount which the beneficiaries may draw from time to time under Letters of
Credit issued for the account of the Borrower pursuant to §3.1 hereof. For all
purposes of this Agreement, if on any date of determination a Letter of Credit
has expired by its terms but any amount may still be drawn thereunder by reason
of the operation of Rule 3.14 of the ISP, the Maximum Drawing Amount of such
Letter of Credit shall be the aggregate maximum amount so remaining available
to be drawn.

Measurement Period.  See §8.1 hereof.

Money  Market  Rate.  With respect to any Swing Line Loan, the
lesser of (a) the Base Rate and (b) such other rate per annum as is quoted by
the Administrative Agent from time to time for Swing Line Loans.

Moody’s.  Moody’s Investors Service, Inc.

Multiemployer  Plan.  Any multiemployer plan within the meaning of
§3(37) of ERISA maintained or contributed to by the Borrower or any ERISA
Affiliate.

Non-Extension Notice  Date. See
§3.2(c) hereof.

Notes.  Notes issued pursuant to §2.11.

Notice of Competitive Bid
Borrowing.  See
§2.3.1(f) hereof.

Obligations.  All indebtedness, obligations and liabilities
of any of the Borrower and its Subsidiaries to any of the Lenders and the
Administrative Agent, individually or collectively, existing on the date of
this Credit Agreement or arising thereafter, direct or indirect, joint or
several, absolute or contingent, matured or unmatured, liquidated or
unliquidated, secured or unsecured, arising by contract, operation of law or
otherwise, arising or incurred under this Credit Agreement or any of the other
Loan Documents or in respect of any of the Loans made or Reimbursement
Obligations incurred, or any of the Letter of Credit Applications, Letters of Credit
or other instruments at any time evidencing any thereof.

 15
 

Obligor  Group.  Collectively, the Borrower and the Guarantors
(including any Subsidiary of the Borrower which as of any date of determination
has become a Guarantor pursuant to the provisions of this Credit Agreement).

Outstanding
or outstanding.  With respect to the Loans, the Dollar
Equivalent of the aggregate unpaid principal thereof as of any date of
determination.

Overnight  Rate. For any day,
(a) with respect to any amount denominated in Dollars, the greater of (i) the
Federal Funds Effective Rate and (ii) an overnight rate determined by the
Administrative Agent or the Issuing Bank, as the case may be, in accordance
with banking industry rules on interbank compensation, and (b) with respect to
any amount denominated in an Alternative Currency, 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.

Participant.  See §17.4 hereof.

Participating  Member  State.
Each state so described in any EMU Legislation.

PBGC.  The Pension Benefit Guaranty Corporation
created by §4002 of ERISA and any successor entity or entities having similar
responsibilities.

Permitted  Liens.  Liens, security interests and other
encumbrances permitted under §7.2 hereof.

Person.  Any individual, corporation, limited
liability company, partnership, limited liability partnership, trust,
unincorporated association, business, or other legal entity, and any government
or any governmental agency or political subdivision thereof.

Platform.  See §6.4 hereof.

Rate  Adjustment  Period.  See definition of Applicable Margin.

Real  Estate.  All real property at any time owned or leased
(as lessee or sublessee) by the Borrower or any of its Subsidiaries.

Reimbursement Obligation.  The Borrower’s obligation to reimburse the
Issuing Bank on account of any drawing under any Letter of Credit.

Rental  Expense.  All obligations of
the Borrower or any of its Subsidiaries under any rental agreements or leases
of real property relating to retail stores, other than obligations in respect
of Capitalized Leases and Synthetic Leases.

 16
 

Related  Parties  With respect to any Person, such Person’s
Affiliates and the partners, directors, officers, employees, agents and
advisors of such Person and of such Person’s Affiliates.

Replacement  Lender.  See §4.12 hereof.

Required  Lenders.  As of any date, the Lenders holding more than
fifty percent (50%) of the sum of the outstanding principal amount of the
Syndicated Loans on such date plus the aggregate amount of risk participation
with respect to the Maximum Drawing Amount plus the Unpaid Reimbursement
Obligations on such date and the participation with respect to the outstanding
principal amount of Swing Line Loans on such date (excluding any participations
of a Delinquent Lender); and if no such principal and/or participation is
outstanding, the Lenders whose aggregate Commitment Amounts constitute more
than fifty percent (50%) of the Total Commitment.

Revaluation  Date.  With respect to any Syndicated Loan, 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
§2.9.2 hereof, and (iii) such additional dates as the Administrative Agent
shall determine or the Required Lenders or the Borrower shall require.

Revolver Period.  The period beginning on the Closing Date to
and including the day immediately preceding the Maturity Date.

Revolving Credit Loans.  Collectively, the Syndicated Loans and the
Competitive Bid Loans.

Same  Day  Funds. (a)
With respect to disbursements and payments in 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 or the
Issuing Bank, as the case may be, to be customary in the place of disbursement
or payment for the settlement of international banking transactions in the
relevant Alternative Currency.

S&P.  Standard & Poor’s Ratings Group, a
division of McGraw-Hill, Inc.

Senior Debt Rating.  The rating issued by S&P or Moody’s with
respect to unsecured Indebtedness of the Borrower not maturing within twelve
months, issued without third-party credit enhancement, and not subordinated by
its term in right of payment to other Indebtedness of the Borrower.  In the event that no such ratings are
available on such unsecured Indebtedness of the Borrower, the Senior Debt
Rating shall be the rating implied, in the reasonable discretion of the
Administrative Agent, to such unsecured Indebtedness by reference to such other
Indebtedness of the Borrower as shall be so rated.

 17
 

Senior Debt Rating Threshold.  “BBB-” assigned by S&P and “Baa3”
assigned by Moody’s, in each case, with a stable outlook.

SFAS 123R.  Financial Accounting Standards Board
Statement No. 123 (revised 2004), Share Based Payment,
as amended or revised from time to time.

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

Spot  Rate. For a currency
means the rate determined by the Administrative Agent or the Issuing Bank, as
applicable, 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. (New York time) on the date two (2) Business Days prior to the date
as of which the foreign exchange computation is made; provided that the Administrative Agent or the Issuing Bank may
obtain such spot rate from another financial institution designated by the
Administrative Agent or the Issuing Bank if the Person acting in such capacity
does not have as of the date of determination a spot buying rate for any such
currency; and provided  further that the Issuing Bank may use such
spot rate quoted on the date as of which the foreign exchange computation is
made in the case of any Letter of Credit denominated in an Alternative
Currency.

Sterling and “£. The lawful
currency of the United Kingdom.

Stockholders’ Equity.  As at any date of determination, the sum of
(a) the capital accounts including common stock and preferred stock, but
excluding treasury stock of the Borrower plus (b) the earned surplus and
capital surplus of the Borrower (excluding adjustments to translate foreign
assets and liabilities for changes in foreign exchange rates made in accordance
with Financial Accounting Standards Board Statement No. 52), as determined in
accordance with GAAP.

Subordinated Debt.  Unsecured Indebtedness of the Borrower or any
of its Subsidiaries that is expressly subordinated and made junior to the
payment and performance of the Obligations, and evidenced as such by a written
instrument containing subordination provisions in form and substance approved
by the Required Lenders in writing.

Subsidiary.  Any corporation, association, trust, or other
business entity of which the designated parent shall at any time own directly
or indirectly through a Subsidiary or Subsidiaries at least a majority (by
number of votes) of the outstanding Voting Stock and the accounts of which are
consolidated with such designated parent in accordance with GAAP.

Substituted Lender.  See §4.12 hereof.

 18
 

Swing Line Loan Maturity
Date.  With respect to
any Swing Line Loan, the date specified by the Borrower in the Swing Line Loan
Request relating thereto as the maturity date of such Swing Line Loan, which in
no event shall be later than the earlier to occur of (a) ten (10) days after
the Drawdown Date of such Swing Line Loan and (b) the Maturity Date.

Swing Line Loan Request.  See §2.10.1 hereof.

Swing Line Loans.  See §2.10.1 hereof.

Swing Line Sublimit.  $60,000,000.

Syndicated Loan(s).  One or more revolving credit loans funded by
the Lenders in accordance with their respective Commitment Percentages.

Syndication Agent.  As defined in the preamble hereto.

Synthetic  Lease.  Any lease of goods or other property, whether
real or personal, which is treated as an operating lease under GAAP and as a
loan or financing for U.S. income tax purposes.

TARGET  Day. 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.

Total  Commitment.  The sum of the Commitment Amounts of the
Lenders, as in effect from time to time. 
The Total Commitment as of the Closing Date is $750,000,000.

Type.  As to any Syndicated Loan, its nature as a
Base Rate Loan or a Eurocurrency Rate Loan and as to any Competitive Bid Loan,
its nature as an Absolute Rate Competitive Bid Loan or a Eurocurrency
Competitive Bid Loan.

Unpaid Reimbursement
Obligation.  The Dollar
Equivalent of any Reimbursement Obligation for which the Borrower has not
reimbursed the Issuing Bank.

Unreimbursed  Amount. See
§3.3(a) hereof.

Utilization Fee.  See §4.2.2 hereof.

Voting  Stock.  Stock or similar interests, of any class or
classes (however designated), the holders of which are at the time entitled, as
such holders, to vote for the election of a majority of the directors (or
persons performing similar functions) of the corporation, association, trust or
other business entity involved, whether or not the right so to vote exists by
reason of the happening of a contingency.

 19

§1.2.       Rules of Interpretation

(a)           A reference to any document or agreement shall include
such document or agreement as amended, modified or supplemented from time to
time in accordance with its terms and the terms of this Credit Agreement.

(b)           The singular includes the plural and the plural
includes the singular.

(c)           A reference to any law includes any amendment or
modification to such law.

(d)           A reference to any Person includes its permitted
successors and permitted assigns.

(e)           Accounting terms not otherwise defined herein have the
meanings assigned to them by generally accepted accounting principles applied
on a consistent basis by the accounting entity to which they refer.

(f)            The words “include”,
“includes” and “including” are not limiting.

(g)           All terms not specifically defined herein or by GAAP,
which terms are defined in the Uniform Commercial Code as in effect in the
Commonwealth of Massachusetts, have the meanings assigned to them therein, with
the term “instrument” being that defined under Article 9 of the Uniform
Commercial Code.

(h)           Reference to a particular “§” refers to that section
of this Credit Agreement unless otherwise indicated.

(i)            The words “herein”,
“hereof”, “hereunder”
and words of like import shall refer to this Credit Agreement as a whole and
not to any particular section or subdivision of this Credit Agreement.

(j)            Unless otherwise expressly indicated, 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.”

(k)           This Credit Agreement and the other Loan Documents may
use several different limitations, tests or measurements to regulate the same
or similar matters.  All such
limitations, tests and measurements are, however, additive and are to be
performed in accordance with the terms thereof.

(l)            This Credit Agreement and the other Loan Documents are
the result of negotiation among, and have been reviewed by counsel to, among
others, the Administrative Agent and the Borrower and are the product of
discussions and negotiations among all parties. 
Accordingly, this Credit Agreement and the other Loan Documents are not
intended to be construed against the Administrative Agent or any of 

 20
 

the Lenders merely on
account of the Administrative Agent’s or any Lender’s involvement in the
preparation of such documents.

§1.3.       Exchange Rates; Currency
Equivalents.

(a)           The Administrative
Agent or the Issuing Bank, as applicable, shall determine the Spot Rates as of
each Revaluation Date to be used for calculating Dollar Equivalent amounts of
Loans, Maximum Drawing Amounts and Reimbursement Obligations 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 Borrower hereunder or calculating
financial covenants hereunder or except as otherwise provided herein, the
applicable amount of any currency (other than Dollars) for purposes of the Loan
Documents shall be such Dollar Equivalent amount as so determined by the
Administrative Agent or the Issuing Bank, as applicable.

(b)           Wherever in this Credit
Agreement in connection with a making, conversion, continuation or prepayment
of a Eurocurrency Rate Loan or the issuance, amendment or extension of a Letter
of Credit, an amount, such as a required minimum or multiple amount, is
expressed in Dollars, but, such Eurocurrency Rate Loan or Letter of Credit is
denominated in an Alternative Currency, such minimum or maximum amount shall be
the relevant Alternative Currency Equivalent of such 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 or the Issuing Bank, as the
case may be.

§1.4.       Additional Alternative Currencies.

(a)           The Borrower may from
time to time request that Eurocurrency Rate Loans (excluding Eurocurrency Rate
Competitive Bid Loans) be made or Letters of Credit issued 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 Dollars) that is
readily available and freely transferable and convertible into 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; and in the case of any
such request with respect to the issuance of Letters of Credit, such request
shall be subject to the approval of the Administrative Agent and the Issuing
Bank.

(b)           Any such request shall
be made to the Administrative Agent not later than 11:00 a.m. (New York time),
twenty (20) Business Days prior to the date of the desired Loan or issuance of
Letter of Credit (or such other time or date as may be agreed by the Administrative
Agent and, in the case of any such request pertaining to Letters of Credit, the
Issuing Bank, in its or their sole discretion). In the case of any such request
pertaining to Eurocurrency Rate Loans, the Administrative Agent shall promptly
notify each Lender thereof; and in the case of any such request pertaining to
Letters of Credit, 

 21
 

the Administrative Agent
shall promptly notify the Issuing Bank thereof. 
Each Lender (in the case of a request pertaining to Eurocurrency Rate
Loans) or the Issuing Bank (in the case of a request pertaining to Letters of
Credit) shall notify the Administrative Agent, not later than 11:00 a.m. (New
York time), ten (10) Business Days after receipt of such request whether it
consents, in its sole discretion, to the making of Eurocurrency Rate Loans or
the issuance of Letters of Credit, as the case may be, in such requested
currency.

(c)           Any failure by a Lender
or the Issuing Bank, as the case may be, to respond to such request within the
time period specified in the preceding sentence shall be deemed to be a refusal
by such Lender or the Issuing Bank, as the case may be, to permit Eurocurrency
Rate Loans to be made or Letters of Credit to be issued 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 Borrower and such
currency shall thereupon be deemed for all purposes to be an Alternative
Currency hereunder for purposes of any Eurocurrency Rate Loans; and if the
Administrative Agent and the Issuing Bank consent to the issuance of Letters of
Credit in such requested currency, the Administrative Agent shall so notify the
Borrower and such currency shall thereupon be deemed for all purposes to be an
Alternative Currency hereunder for purposes of any Letter of Credit issuances.
If the Administrative Agent shall fail to obtain consent to any request for an
additional currency under this §1.4, the Administrative Agent shall promptly so
notify the Borrower.

§1.5.       Change of Currency.

(a)           Each obligation of the
Borrower 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 Credit
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 Eurocurrency Rate
Loan in the currency of such member state is outstanding immediately prior to
such date, such replacement shall take effect, with respect to such
Eurocurrency Rate Loan, at the end of the then current Interest Period.

(b)           Each provision of this
Credit 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
Credit Agreement also shall be subject to such reasonable changes of
construction as the Administrative Agent may from time to 

 22
 

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.

§1.6.       Letter of Credit Amounts.  Unless otherwise specified herein, the Maximum
Drawing Amount of a Letter of Credit at any time shall be deemed to be the
Dollar Equivalent of the stated amount of such Letter of Credit in effect at
such time; provided, however, that with respect to any Letter of
Credit that, by its terms or the terms of any document related thereto,
provides for one or more automatic increases in the stated amount thereof, the
Maximum Drawing Amount of such Letter of Credit shall be deemed to be the
Dollar Equivalent of the maximum stated amount of such Letter of Credit after
giving effect to all such increases, whether or not such maximum stated amount
is in effect at such time.

§2.          THE
REVOLVING CREDIT FACILITY.

§2.1.       Commitment to Lend
Syndicated Loans.  Subject to the
terms and conditions set forth in this Credit Agreement, each of the Lenders
severally agrees from time to time during the Revolver Period to make
Syndicated Loans to the Borrower in Dollars or in one or more Alternative
Currencies and in such amounts as are requested by the Borrower, provided, that
the sum of the aggregate principal amount of Syndicated Loans made by each
Lender (after giving effect to all amounts requested) shall not at any time
exceed such Lender’s Commitment Amount (without regard to any Competitive Bid
Loans of such Lender outstanding at such time), and provided, further, that (a) at no time shall the sum of, without
duplication, (i) the Dollar Equivalent of the outstanding Syndicated Loans,
plus (ii) the outstanding Swing Line Loans, plus (iii) the Maximum Drawing
Amount, plus (iv) all Unpaid Reimbursement Obligations, plus (v) the
outstanding Competitive Bid Loans exceed the Total Commitment, (b) at no time
shall the sum of, without duplication, (i) the Dollar Equivalent of the
aggregate outstanding Loans denominated in Alternative Currencies plus (ii) the
Maximum Drawing Amount of all Letters of Credit denominated in Alternative
Currencies plus (iii) all Unpaid Reimbursement Obligations with respect to
Letters of Credit denominated in Alternative Currencies exceed the Alternative
Currency Sublimit and (c) subject to §2.4.1 and §13.5.3, at all times the
Dollar Equivalent of the outstanding aggregate principal amount of all
Syndicated Loans made by each Lender shall equal such Lender’s Commitment
Percentage of the outstanding Syndicated Loans made by all Lenders pursuant to
the terms of this Credit Agreement. 
Subject to the terms and conditions set forth in this Credit Agreement,
the Borrower may borrow, repay and reborrow Syndicated Loans from time to time
during the Revolver Period upon notice by the Borrower to the Administrative
Agent given in accordance with §2.2 hereof. 
Each request for a Syndicated Loan hereunder shall constitute a
representation and warranty by the Borrower that the conditions set forth in
§§9 and 10 hereof, in the case of the initial Syndicated Loans to be made on
the Closing Date, and §10 hereof, in the case of all other Syndicated Loans,
shall have been satisfied on the date of such request.

§2.2.       Requests for Syndicated
Loans.  The Borrower shall give
to the Administrative Agent written notice in the form of Exhibit A attached
hereto (or 

 23
 

telephonic notice confirmed in a writing in the form
of Exhibit A attached hereto) of each Syndicated Loan requested hereunder (a “Loan
Request”) not later than (a) 12:00 noon (New York time) on the proposed
Drawdown Date of any Base Rate Loan, (b) 12:00 noon (New York time) three (3)
Business Days prior to the proposed Drawdown Date of any Eurocurrency Rate Loan
that is denominated in Dollars and (c) 12:00 noon (New York time) four (4)
Business Days (or five (5) Business Days in the case of a Special Notice
Currency) prior to the proposed Drawdown Date of any Eurocurrency Rate Loan
that is denominated in Alternative Currencies. 
Each such notice shall specify (i) the principal amount of the
Syndicated Loan requested, (ii) the proposed Drawdown Date of such Syndicated
Loan, (iii) the Interest Period for such Syndicated Loan, (iv) the Type of such
Syndicated Loan and (v) the currency of such Syndicated Loan. If the Borrower
fails to specify a currency in a Loan Request, then the Loan so requested shall
be made in Dollars.  Promptly upon
receipt of any such notice, the Administrative Agent shall notify each of the
Lenders thereof. Each Loan Request shall be irrevocable and binding on the
Borrower and shall obligate the Borrower to accept the Syndicated Loan
requested from the Lenders on the proposed Drawdown Date.  Each Loan Request shall be (A) in a minimum
aggregate amount of $1,000,000 or an integral multiple thereof with respect to
Base Rate Loans and (B) in a minimum aggregate amount of $5,000,000 or an
integral multiple of $l,000,000 with respect to Eurocurrency Rate Loans.

§2.3.       Competitive Bid Loans.

§2.3.1.       Competitive Bid
Borrowings.

(a)           The
Competitive Bid Option.  In addition to the Syndicated Loans permitted
to be made hereunder pursuant to §2.1 hereof, the Borrower may, from time to
time during the Revolver Period pursuant to the terms of this §2.3, cause the
Administrative Agent to request the Lenders to make offers to fund Competitive
Bid Loans to the Borrower from time to time prior to the Maturity Date.  The Lenders may, but shall have no obligation
to, make such offers and the Borrower may, but shall have no obligation to,
accept such offers in the manner set forth in this §2.3.  Each Lender may make Competitive Bid Loans in
an aggregate amount (after giving effect to all amounts requested) not to
exceed the lesser of (i) the Total Commitment and (ii) the Competitive Bid
Sublimit, provided that, at no time shall the sum of (A) the Dollar Equivalent
of the aggregate amount of all outstanding Syndicated Loans, plus (B) the
aggregate amount of all outstanding Swing Line Loans, plus (C) the Maximum
Drawing Amount, plus (D) all Unpaid Reimbursement Obligations, plus (E) the
aggregate outstanding amount of Competitive Bid Loans exceed the Total
Commitment.

(b)           Competitive Bid Quote
Request.  When the Borrower wishes to request offers to
make Competitive Bid Loans under this §2.3, it shall transmit to the
Administrative Agent a Competitive Bid Quote Request substantially in the form
of Exhibit B attached hereto (a “Competitive  Bid  Quote  Request”)
so as to be received, in the case of a request for a Eurocurrency Rate
Competitive Bid Loan, no later than 1:00 p.m. (New York time) on the fourth
Business Day prior to the requested Drawdown Date and, in the case of a request
for an Absolute Rate Competitive Bid Loan, no later than 

 24
 

1:00 p.m. (New York time)
on the second Business Day prior to the requested Drawdown Date, specifying (i)
the requested Drawdown Date (which must be a Business Day), (ii) the principal
amount of such Competitive Bid Loan (which must be a minimum of $10,000,000 or
any greater integral multiple of $5,000,000 and may not exceed the lesser of
(A) the Total Commitment and (B) the Competitive Bid Sublimit), (iii) the Type
of such Competitive Bid Loan and (iv) the Interest Period of such Competitive
Bid Loan, subject to the provisions of the definition of Interest Period.  A Competitive Bid fee of $750 shall be
payable by the Borrower to the Administrative Agent with respect to each
Competitive Bid Quote Request on the last day of the calendar quarter in which
such Competitive Bid Quote Request was made. 
The Borrower may request offers to make Competitive Bid Loans for one
amount and Type and three Interest Periods in a single Competitive Bid Quote
Request. No new Competitive Bid Quote Request shall be given until the Borrower
has notified the Administrative Agent of its acceptance or non-acceptance of the
Competitive Bid Quotes relating to any outstanding Competitive Bid Quote
Request.

(c)           Invitation for Competitive
Bid Quotes; Alternative Manner of Auction.  Subsequent to
timely receipt of a Competitive Bid Quote Request, the Administrative Agent
shall deliver to the Lenders an Invitation for Competitive Bid Quotes
substantially in the form of Exhibit C attached hereto (an “Invitation  for
Competitive  Bid  Quotes”), as promptly as possible but not
later than, in the case of a Eurocurrency Rate Competitive Bid Loan, 3:00 p.m.
(New York time) four (4) Business Days prior to the proposed Drawdown Date, and
in the case of an Absolute Rate Competitive Bid Loan, 3:00 p.m. (New York
time), on the second Business Day prior to the requested Drawdown Date, which
shall constitute an invitation by the Borrower to each Lender to submit
Competitive Bid Quotes offering to make Competitive Bid Loans to which such
Competitive Bid Quote Request relates in accordance with this §2.3.  If, after receipt by the Administrative Agent
of a Competitive Bid Quote Request from the Borrower in accordance with
subsection (b) of this §2.3.1, the Administrative Agent or any Lender shall be
unable to complete any procedure of the auction process described in
subsections (c) through (f) (inclusive) of this §2.3.1 due to the inability of
such Person to transmit or receive communications through the means specified
therein, such Person may rely on telephonic notice for the transmission or
receipt of such communications.  In any
case where such Person shall rely on telephone transmission or receipt, any
communication made by telephone shall, as soon as possible thereafter, be
followed by written confirmation thereof.

(d)           Submission and  Contents  of  Competitive
Bid  Quotes.

(i)            Each Lender may, but shall be under no obligation to,
submit a Competitive Bid Quote containing an offer or offers to make
Competitive Bid Loans in response to any Invitation for Competitive Bid
Quotes.  Each Competitive Bid Quote must
comply with the requirements of this subsection (d) and must be submitted to
the Administrative Agent not later than, in the case of a Eurocurrency Rate
Competitive Bid Loan, 10:00 a.m. (New York time) three (3) Business Days prior
to the proposed Drawdown Date and in the case of an Absolute Rate Competitive
Bid Loan, 

 25
 

10:00 a.m. (New York
time) on the requested Drawdown Date, provided, that Competitive Bid Quotes may
be made by the Administrative Agent in its capacity as a Lender only if it
notifies the Borrower of the terms of its Competitive Bid Quote no later than
9:30 a.m. (New York time) on the requested Drawdown Date.  Subject to the provisions of §§9 and 10
hereof, any Competitive Bid Quote so made shall be irrevocable except with the
written consent of the Administrative Agent given on the instructions of the
Borrower.

(ii)           Each Competitive Bid Quote shall be in substantially
the form of Exhibit D-1 attached hereto and shall in any case specify:

(A)          the requested Drawdown
Date and Interest Periods;

(B)           the principal amount of
the Competitive Bid Loan for which each such offer is being made, which
principal amount (x) may be greater than the Commitment Amount of the quoting
Lender but may not exceed the lesser of (I) the Total Commitment and (II) the
Competitive Bid Sublimit, (y) must be in Dollars and in the amount of
$10,000,000 or a larger multiple of $5,000,000 and (z) may not exceed the
aggregate principal amount of Competitive Bid Loans for which offers were
requested,

(C)           the Competitive Bid
Rate per annum rate of interest (rounded to the nearest 1/1000th of 1%) offered
for each such Competitive Bid Loan; and

(D)          the identity of the
quoting Lender.

(iii)          Any Competitive Bid Quote shall be disregarded if it:

(A)          is not substantially in
the form of Exhibit D-1 attached hereto or does not specify all of the
information required by subsection (d)(ii) of this §2.3.1;

(B)           contains qualifying,
conditional or similar language (except that it may, in the case of a quote
relating to more than one Interest Period, contain the condition that the
Lender will fund any one, but not more, of the Competitive Bid Loans offered in
such Competitive Bid Quote);

(C)           proposes terms other
than or in addition to those set forth in the applicable Invitation for
Competitive Bid Quotes; or

(E)           arrives after the time
set forth in subsection (d)(i) of this §2.3.1.

(e)           Notice to Borrower. 
Not later than 10:30 a.m. (New York time) on the requested Drawdown
Date, the Administrative Agent shall notify the Borrower of the terms of all
Competitive Bid Quotes submitted by the Lenders in accordance with subsection
(d) of this §2.3.1.  The Administrative
Agent’s notice to the Borrower shall specify (i) the aggregate principal amount
of Competitive Bid Loans for which offers 

 26
 

have been received for
each Interest Period specified in the related Competitive Bid Quote Request,
and (ii) the respective principal amounts and Competitive Bid Rates so offered.

(f)            Acceptance and Notice by
Borrower.  Not later than, in the case of Eurocurrency
Rate Competitive Bid Loans, 11:00 a.m. (New York time) three (3) Business Days
prior to the proposed Drawdown Date and, in the case of Absolute Competitive
Bid Loans, 11:00 a.m. (New York time) on the requested Drawdown Date, the
Borrower shall notify the Administrative Agent, and the Administrative Agent
shall promptly notify each Lender with respect to its offer, of the Borrower’s
acceptance or non-acceptance of the offers of which it was notified pursuant to
subsection (e) of this §2.3.1.  In the
case of an acceptance, such notice shall (i) be substantially in the form of
Exhibit D-2 attached hereto (a “Notice  of  Competitive  Bid
Borrowing”), (ii) be irrevocable by the Borrower, and (iii) specify the
aggregate principal amount of offers for each Interest Period that are
accepted.  Each acceptance by the
Borrower of Competitive Bid Loans hereunder shall constitute a representation
and warranty by the Borrower that the conditions set forth in §§9 and 10 hereof
have been satisfied on the date of such acceptance.  The Borrower may accept any Competitive Bid Quote
in whole or in part; provided that:

(i)            the aggregate
principal amount of each Competitive Bid Loan may not exceed the applicable
amount set forth in the related Competitive Bid Quote Request,

(ii)           the aggregate principal
amount of each Competitive Bid Loan must be $10,000,000 or a larger multiple of
$5,000,000, and

(iii)          acceptance of offers may
only be made on the basis of ascending Competitive Bid Rates.

(g)           Allocation by Administrative
Agent; Usage of Commitments.  If offers are made by two or more Lenders
with the same Competitive Bid Rates, for a greater aggregate principal amount
than the amount in respect of which offers are accepted for the related
Interest Period, the principal amount of Competitive Bid Loans in respect of
which such offers are accepted shall be allocated by the Administrative Agent
among such Lenders as nearly as possible (in such multiples, not less than
$100,000 as the Administrative Agent may deem appropriate) in proportion to the
aggregate principal amounts of such offers. 
Determination by the Administrative Agent of the amounts of Competitive
Bid Loans and the allocation thereof shall be conclusive in the absence of
manifest error.  The Administrative Agent
shall, promptly after the funding of any Competitive Bid Loan, notify the
Lenders thereof pursuant to a notice substantially in the form of Exhibit D-3 attached hereto.

(h)           Funding of Competitive Bid
Loans.  If, on or prior to the Drawdown Date of any
Competitive Bid Loan, the Total Commitment has not terminated in full and if,
on such Drawdown Date, the applicable conditions of §§9 and 10 hereof are 

 27
 

satisfied, the Lender or
Lenders whose offers the Borrower has accepted will fund each Competitive Bid
Loan so accepted as provided in §2.4.1 hereof.

§2.3.2.       Maximum Competitive Bid
Loans; Funding Losses.  (a)
Notwithstanding any other provision herein to the contrary, at no time shall
the aggregate principal amount of Competitive Bid Loans outstanding at any time
exceed the lesser of (i) the Total Commitment minus the sum of (A) the Dollar
Equivalent of the aggregate principal amount of Syndicated Loans outstanding at
such time plus (B) the aggregate principal amount of Swing Line Loans
outstanding at such time plus (C) the Maximum Drawing Amount plus (D) all
Unpaid Reimbursement Obligations and (ii) the Competitive Bid Sublimit.

(a)           If after acceptance of any Competitive Bid Quote
pursuant to §2.3.1(f) hereof, the Borrower fails to borrow any Competitive Bid
Loan so accepted on the date specified therefor, the Borrower shall indemnify
the Lender funding such Competitive Bid Loan against any loss or expense
incurred by reason of the liquidation or reemployment of deposits or other
funds acquired by such Lender to fund or maintain such unborrowed Competitive
Bid Loans, including, without limitation, compensation as provided in §4.10
hereof.

§2.3.3.       Repayment of Competitive
Bid Loans.  The principal of each
Competitive Bid Loan shall become absolutely due and payable by the Borrower on
the last day of the Interest Period relating thereto, and the Borrower hereby
absolutely and unconditionally promises to pay to the Administrative Agent, for
the accounts of the relevant Lenders, on the last day of the Interest Period
relating thereto the principal amount of all such Competitive Bid Loans plus
interest thereon at the applicable Competitive Bid Rate.  Subject to the terms of this Credit
Agreement, the Borrower may reborrow any amounts so repaid from time to time
prior to the Maturity Date.

§2.4.       Funds for Revolving
Credit Loans.

§2.4.1.       Funding Procedures.  Each of the relevant Lenders will make
available to the Administrative Agent, at the Administrative Agent’s Head
Office, in Same Day Funds, the amount of such Lender’s Commitment Percentage of
the amount of the requested Syndicated Loans or the amount of such Lender’s
Competitive Bid Loan, as applicable, not later than 1:30 p.m. (New York time)
on the proposed Drawdown Date of any Syndicated Loans or Competitive Bid Loans
denominated in Dollars and not later than the Applicable Time specified by the
Administrative Agent in the case of any Syndicated Loans denominated in an
Alternative Currency.  Upon receipt from
each Lender of such amount, and upon receipt of the documents required by §§9
and 10 hereof and the satisfaction of the other conditions set forth therein,
to the extent applicable, the Administrative Agent will make available to the
Borrower the aggregate amount of such Revolving Credit Loans made available to
the Administrative Agent by the relevant Lenders.  The failure or refusal of any Lender to make
available to the Administrative Agent its Commitment Percentage of the
requested Syndicated Loans or (in the case of Lenders whose offers to make a
Competitive Bid Loan have been accepted) the amount 

 28
 

of such Lender’s Competitive
Bid Loan, as applicable, on any Drawdown Date shall not excuse any other Lender
from making available to the Administrative Agent the amount of such other
Lender’s Commitment Percentage of any requested Syndicated Loans or the amount
of such other Lender’s offered Competitive Bid Loan accepted by the Borrower.

§2.4.2.       Advances by
Administrative Agent.

(a)           The Administrative
Agent may, unless notified to the contrary by any Lender prior to a Drawdown
Date, assume that such Lender has made available to the Administrative Agent on
such Drawdown Date the amount of such Lender’s Commitment Percentage of the
Syndicated Loans (or, in the case of Competitive Bid Loans, the amount of such
Lender’s accepted offers of Competitive Bid Loans, if any) to be made on such
Drawdown Date, and the Administrative Agent may (but it shall not be required
to), in reliance upon such assumption, make available to the Borrower a
corresponding amount.  If any Lender
makes available to the Administrative Agent such amount on a date after such
Drawdown Date, such Lender shall pay to the Administrative Agent on demand an
amount equal to the product of (a) the average computed for the period referred
to in clause (c) below, of the Overnight Rate for each day included in such
period, times (b) the amount of such Lender’s Commitment Percentage of such
Syndicated Loans (or accepted offers of Competitive Bid Loans, as applicable),
times (c) a fraction, the numerator of which is the number of days that elapse
from and including such Drawdown Date to the date on which the amount of such
Lender’s Syndicated Loans or Competitive Bid Loans, as applicable, shall become
immediately available to the Administrative Agent, and the denominator of which
is 360.  A statement of the
Administrative Agent submitted to such Lender with respect to any amounts owing
under this §2.4.2 shall be prima facie evidence of the amount due and owing to
the Administrative Agent by such Lender. 
If the amount of such Lender’s Syndicated Loans or Competitive Bid
Loans, as applicable, is not made available to the Administrative Agent by such
Lender within three (3) Business Days following such Drawdown Date, the
Administrative Agent shall be entitled to recover such amount from the Borrower
on demand, with interest thereon at the rate per annum applicable to the
Syndicated Loans or Competitive Bid Loans, as applicable, made on such Drawdown
Date and the Borrower may take the actions permitted under §4.12 hereof to
replace such Lender.  Any payment by the
Borrower to the Administrative Agent of any Syndicated Loans or Competitive Bid
Loans pursuant to this §2.4.2 shall be deemed to be a payment of the Revolving
Credit Loans that were to be made by the Lender that failed to make such
Syndicated Loans or Competitive Bid Loans, as applicable.

(b)           Unless the Borrower has
notified the Administrative Agent prior to the date any payment is required to
be made by it to the Administrative Agent hereunder, that the Borrower will not
make such payment, the Administrative Agent may assume that the Borrower has
timely made such payment and may (but shall not be so required to), in reliance
thereon, make available a corresponding amount to such Lender.  If and to the extent that such payment was
not in fact made to the Administrative Agent by the Borrower in Same Day Funds,
then each Lender shall forthwith on demand repay to the Administrative Agent
the portion of such assumed payment that was made available to 

 29
 

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 to such
Lender to the date such amount is repaid to the Administrative Agent in Same
Day Funds at the Overnight Rate from time to time in effect.

(c)           A notice of the
Administrative Agent to any Lender or the Borrower with respect to any amount
owing under §§2.4.2(a) and (b) shall be conclusive, absent manifest error.

§2.5.       Reduction of Total Commitment.  The Borrower shall have the right at any time
and from time to time prior to the Maturity Date upon three (3) Business Days’
prior written notice to the Administrative Agent to reduce by $5,000,000 or an
integral multiple thereof or terminate entirely the Total Commitment, whereupon
the Commitment Amount of each Lender shall be reduced pro rata in accordance
with its Commitment Percentage by the amount specified in such notice or, as
the case may be, terminated.  Promptly
after receiving any notice of the Borrower delivered pursuant to this §2.5, the
Administrative Agent will notify the Lenders of the substance thereof.  Upon the effective date of any such reduction
or termination, the Borrower shall pay to the Administrative Agent for the
respective accounts of the Lenders the full amount of the Facility Fee then
accrued on the amount of the reduction. 
No reduction or termination of the Total Commitment may be reinstated.

§2.6.       Maturity and Other Mandatory Repayments of Revolving Credit Loans.

(a)           The Borrower promises
to pay on the Maturity Date, and there shall become absolutely due and payable
on the Maturity Date, all of the Revolving Credit Loans outstanding to the
Borrower on such date, together with any and all accrued and unpaid interest
thereon.

(b)           If at any time the
Administrative Agent notifies the Borrower that the sum, without duplication,
of (i) the Dollar Equivalent of the outstanding aggregate principal amount of
the Revolving Credit Loans plus (ii) the outstanding aggregate principal amount
of Swing Line Loans plus (iii) the Maximum Drawing Amount plus (iv) all Unpaid
Reimbursement Obligations is equal to or exceeds an amount equal to 102% of the
Total Commitment, then the Borrower shall, within two (2) Business Days after
receipt of such notice, pay to the Administrative Agent an amount sufficient to
reduce the sum of clauses (i)-(iv) as of such date of payment to an amount not
to exceed 100% of the Total Commitment then in effect, such payment to be
applied to the Revolving Credit Loans or Unpaid Reimbursement Obligations for
the respective accounts of the Lenders.

(c)           If at any time the
Administrative Agent notifies the Borrower that the sum, without duplication,
of (i) the Dollar Equivalent of the outstanding aggregate principal amount of
the Revolving Credit Loans plus (ii) the outstanding aggregate principal amount
of Swing Line Loans plus (iii) the Maximum Drawing Amount plus (iv) all Unpaid
Reimbursement Obligations exceeds an amount equal to 100% of the Total 

 30
 

Commitment, but is less
than 102%, then the Borrower shall, within five (5) Business Days after receipt
of such notice, pay to the Administrative Agent an amount sufficient to reduce
the sum of clauses (i)-(iv) as of such date of payment to an amount not to
exceed 100% of the Total Commitment then in effect, such payment to be applied
to the Revolving Credit Loans or Unpaid Reimbursement Obligations for the
respective accounts of the Lenders.

(d)           If at any time the
Administrative Agent notifies the Borrower that the sum, without duplication,
of (i) the Dollar Equivalent of the outstanding aggregate principal amount of
the Syndicated Loans denominated in Alternative Currencies plus (ii) the
Maximum Drawing Amount of all Letters of Credit denominated in Alternative
Currencies plus (iii) all Unpaid Reimbursement Obligations with respect to
Letters of Credit denominated in Alternative Currencies exceeds an amount equal
to 102% of the Alternative Currency Sublimit, then the Borrower shall, within
two (2) Business Days after receipt of such notice, pay to the Administrative
Agent an amount sufficient to reduce the sum of clauses (i)-(iii) as of such
date of payment to an amount not to exceed 100% of the Alternative Currency
Sublimit then in effect, such payment to be applied to such Syndicated Loans or
Unpaid Reimbursement Obligations for the respective accounts of the Lenders.

(e)           If at any time the
Administrative Agent notifies the Borrower that the sum, without duplication,
of (i) the Dollar Equivalent of the outstanding aggregate principal amount of
the Syndicated Loans denominated in Alternative Currencies plus (ii) the
Maximum Drawing Amount of all Letters of Credit denominated in Alternative
Currencies plus (iii) all Unpaid Reimbursement Obligations with respect to
Letters of Credit denominated in Alternative Currencies exceeds an amount equal
to 100% of the Alternative Currency Sublimit, but is less than 102%, then the
Borrower shall, within five (5) Business Days after receipt of such notice, pay
to the Administrative Agent an amount sufficient to reduce the sum of clauses
(i)-(iii) as of such date of payment to an amount not to exceed 100% of the
Alternative Currency Sublimit then in effect, such payment to be applied to
such Syndicated Loans or Unpaid Reimbursement Obligations for the respective
accounts of the Lenders.

(f)            So long as no Event of
Default has occurred and is continuing, each prepayment of Revolving Credit
Loans shall be allocated among the Lenders, in proportion, as nearly as
practicable to the respective unpaid principal amount of the Syndicated Loans
made by each Lender, with adjustments to the extent practicable to equalize any
prior payments or repayments not exactly in proportion, and if no Syndicated
Loans are outstanding, to the Competitive Bid Loans, in proportion, as nearly
as practicable, to the unpaid principal amount of the Competitive Bid Loans
made by each Lender.

§2.7.       Optional Repayments of
Revolving Credit Loans.  The
Borrower shall have the right, at its election, to repay the outstanding amount
of the Revolving Credit Loans, as a whole or in part, at any time without
penalty or premium, provided that any full or partial repayment of the
outstanding amount of any Eurocurrency Rate Loans or 

 31
 

Competitive Bid Loan pursuant to this §2.7 may be made
only on the last day of the Interest Period relating thereto unless the
Borrower pays each Lender, or, in the case of a Competitive Bid Loan, the
applicable Lender, in accordance with §4.10, the costs and expenses incurred by
such Lender as a result of the repayment of such Eurocurrency Rate Loan or, as
the case may be, Competitive Bid Loan on a day other than the last day of the
Interest Period relating thereto.  The
Borrower shall give the Administrative Agent, prior written notice no later
than 1:00 p.m., (New York time), on the date of any proposed repayment pursuant
to this §2.7 of Base Rate Loans, no later than 1:00 p.m., (New York time),
three (3) Business Days’ prior to any proposed repayment pursuant to this §2.7
of Eurocurrency Rate Loans denominated in Dollars and Competitive Bid Loans,
and no later than 1:00 p.m., (New York time), four (4) Business Days’ (or five
(5), in the case of prepayment of Eurocurrency Rate Loans denominated in
Special Notice Currencies) prior to any proposed repayment pursuant to this
§2.7 of Eurocurrency Rate Loans denominated in an Alternative Currency, in each
case specifying the proposed date of repayment of such Revolving Credit Loans
and, the principal amount to be repaid. 
Each such partial repayment of the Revolving Credit Loans shall be in an
integral multiple of $5,000,000 and shall be applied, in the case of Syndicated
Loans, in the absence of instruction by the Borrower, first to the principal of
Base Rate Loans and then to the principal of Eurocurrency Rate Loans and, in
the case of a Competitive Bid Loan, to such Competitive Bid Loan.  Each partial repayment of Syndicated Loans
shall be allocated among the Lenders, in proportion, as nearly as practicable,
to the respective unpaid principal amount of the Syndicated Loans made by each
Lender being repaid, with adjustments to the extent practicable to equalize any
prior repayments not exactly in proportion.

§2.8.       Interest on Revolving
Credit Loans.  (a) During the
Revolver Period, except as otherwise provided in §4.11 hereof,

(i)            each Base Rate Loan shall bear interest for the period
commencing with the Drawdown Date thereof and ending on the last day of the
Interest Period with respect thereto at the rate per annum equal to the Base
Rate;

(ii)           each Eurocurrency Rate Loan shall bear interest for
the period commencing with the Drawdown Date thereof and ending on the last day
of the Interest Period with respect thereto at the rate per annum equal to the
Eurocurrency Rate determined for such Interest Period plus the Applicable
Margin plus (in the case of a Eurocurrency Rate Loan of any Lender which is
denominated in an Alternative Currency and is lent from a Lending Office in the
United Kingdom or a Participating Member State) the Mandatory Cost; and

(iii)          each Competitive Bid Loan shall bear interest at the
rate per annum specified in the applicable Competitive Bid Quote with respect
to such Competitive Bid Loan.

(b)           The Borrower promises to pay interest on each
Revolving Credit Loan in arrears on each Interest Payment Date applicable with
respect thereto.

 32
 

§2.9.       Conversion Options.

§2.9.1.       Conversion to Different
Type of Syndicated Loan.  The
Borrower may elect from time to time to convert any outstanding Syndicated Loan
to a Syndicated Loan of another Type, provided that (a) with respect to any
such conversion of a Eurocurrency Rate Loan denominated in Dollars to a Base
Rate Loan, the Borrower shall give the Administrative Agent at least one (1) Business Day’s prior written notice of such election; (b)
with respect to any such conversion of a Eurocurrency Rate Loan denominated in
an Alternative Currency to a Base Rate Loan, the Borrower shall give the
Administrative Agent at least four (4) Business Day’s (or five (5) Business
Days in the case of a Special Notice Currency) prior written notice of such
election; (c) with respect to any such conversion of a Base Rate Loan to a
Eurocurrency Rate Loan denominated in Dollars, the Borrower shall give the
Administrative Agent at least three (3) Business Days’ prior written notice of
such election; (d) with respect to any such conversion of a Base Rate Loan to a
Eurocurrency Rate Loan denominated in an Alternative Currency, the Borrower
shall give the Administrative Agent at least four (4) Business Days’ (or five
(5) Business Days in the case of a Special Notice Currency) prior written
notice of such election; (e) with respect to any such conversion of a
Eurocurrency Rate Loan into a Base Rate Loan, such conversion shall only be
made on the last day of the Interest Period with respect thereto; and (f) no
Base Rate Loan may be converted into a Eurocurrency Rate Loan when any Default
or Event of Default has occurred and is continuing, and during the continuance
of any Default or Event of Default, 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 Dollars in the amount of
the Dollar Equivalent thereof, on the last day of the then current Interest
Period with respect thereto.  On the date
on which such conversion is being made each Lender shall take such action as is
necessary to transfer its Commitment Percentage of such Syndicated Loans to its
Lending Office for domestic loans or its Lending Office for Eurocurrency Rate
Loans, as the case may be.  All or any
part of outstanding Syndicated Loans of any Type may be converted into a
Syndicated Loan of another Type as provided herein, provided that any partial
conversion shall be in an aggregate principal amount of $5,000,000 or a whole
multiple of $1,000,000 in excess thereof. 
Each Conversion Request relating to the conversion of a Syndicated Loan
to a Eurocurrency Rate Loan shall be irrevocable by the Borrower.
Notwithstanding the foregoing, no Loan may be converted into a Loan denominated
in a different currency, but instead must be prepaid in the original currency
of such Loan and reborrowed in the other currency.

§2.9.2.       Continuation of Type of
Syndicated Loan.  Any Syndicated
Loan of any Type may be continued as a Syndicated Loan of the same Type upon
the expiration of an Interest Period with respect thereto by compliance by the
Borrower with the notice provisions contained in §2.9.1 hereof; provided that
no Eurocurrency Rate Loan may be continued as such when any Default or Event of
Default has occurred and is continuing, but shall be automatically converted to
a Base Rate Loan on the last day of the first Interest Period relating thereto
ending during the continuance of any Default or Event of Default of which
officers of the Administrative Agent active upon the Borrower’s account have
actual knowledge.  In the event that the
Borrower fails to 

 33
 

provide any such notice
with respect to continuation of a Eurocurrency Rate Loan as such, than such
Eurocurrency Rate shall be automatically converted to a Base Rate Loan on the
last day of the Interest Period relating thereto; provided, however,
that in the case of a failure to timely request a continuation of a
Eurocurrency Rate Loan denominated in an Alternative Currency, such Loans shall
be continued as Eurocurrency Rate Loans in their original currency with an
Interest Period of one month.   The
Administrative Agent shall notify the Lenders and the Borrower promptly when
any such automatic conversion contemplated by this §2.9.2 is scheduled to
occur.

§2.9.3.       Eurocurrency Rate Loans.  Any conversion to or from Eurocurrency Rate
Loans shall be in such amounts and be made pursuant to such elections so that,
after giving effect thereto, the aggregate principal amount of all Eurocurrency
Rate Loans having the same Interest Period shall not be less than $5,000,000 or
a whole multiple of $1,000,000 in excess thereof.  No more than six (6) Eurocurrency Rate Loans
having different Interest Periods may be outstanding at any time.

§2.10.     The Swing Line

§2.10.1.     The Swing
Line Loans.  Subject to the terms and conditions
hereinafter set forth, upon notice by the Borrower to the Administrative Agent
in accordance with this §2.10, the Administrative Agent agrees, in reliance
upon the agreements of the other Lenders set forth in this §2.10, to make loans
in Dollars to the Borrower (the “Swing  Line  Loans”) on any
Business Day prior to the Maturity Date in an aggregate principal amount not to
exceed the Swing Line Sublimit at any one time outstanding.  Each Swing Line Loan shall be in a minimum
amount equal to $1,000,000 or an integral multiple thereof.  Notwithstanding any other provisions of this
Credit Agreement and in addition to the limit set forth above, at no time shall
the aggregate principal amount of all outstanding Swing Line Loans exceed the
remainder of (a) the Total Commitment then in effect minus (b) the sum of,
without duplication, (i) the Dollar Equivalent of the aggregate principal
amount of all Syndicated Loans outstanding, plus (ii) the aggregate amount of
Competitive Bid Loans outstanding at such time, plus (iii) the Maximum Drawing
Amount, plus (iv) all Unpaid Reimbursement Obligations.

§2.10.2.     Notice of Borrowing.  When the Borrower desires the Administrative
Agent to make a Swing Line Loan, it shall send to the Administrative Agent
written notice in the form of Exhibit H hereto
(or telephonic notice confirmed in a writing in the form of Exhibit H hereto) of each Swing Line Loan
requested hereunder (a “Swing  Line  Loan  Request”)
not later than 2:00 p.m. (New York time) on the proposed Drawdown Date of any
Swing Line Loan.  Each such Swing Line
Loan Request shall set forth the principal amount of the proposed Swing Line
Loan and the Swing Line Loan Maturity Date relating to such Swing Line Loan,
which shall in no event be later than Maturity Date.  Each Swing Line Loan Request shall be
irrevocable and binding on the Borrower and shall obligate the Borrower to
borrow the Swing Line Loan from the Administrative Agent on the proposed
Drawdown Date thereof.  Upon satisfaction
of the applicable conditions set forth in this Credit Agreement, on the
proposed Drawdown Date 

 34
 

the Administrative Agent
shall make the Swing Line Loan available to the Borrower no later than 3:00
p.m. (New York time) on the proposed Drawdown Date by crediting the amount of
the Swing Line Loan to the account specified by the Borrower; provided that the Administrative Agent shall
not advance any Swing Line Loans after it has received notice from any Lender
that a Default or Event of Default has occurred and stating that no new Swing
Line Loans are to be made until such Default or Event of Default has been cured
or waived in accordance with the provisions of this Credit Agreement.

§2.10.3.     Interest on Swing Line
Loans.  Each Swing Line Loan
shall, except as otherwise provided in §4.11 hereof, bear interest from the
Drawdown Date thereof until repaid in full at the rate per annum equal to the
Money Market Rate, which shall be paid on each Interest Payment Date for Base
Rate Loans.  The Borrower may elect from
time to time that a Swing Line Loan bear interest at a fixed rate for a period
of one week or such other period of time as may be agreed to by the
Administrative Agent (not to exceed ten (10) days), in which case, the interest
rate on such Swing Line Loan shall be the fixed rate of interest quoted by the
Administrative Agent for such Swing Line Loan for such Interest Period in
accordance with clause (b) of the definition of “Money Market Rate” contained
in §1.1 hereof.  The Borrower shall give
the Administrative Agent notice no later than 12:00 noon (New York time) on the
last day of the Interest Period relating to a Swing Line Loan that is a Fixed
Rate Loan of its intention to continue such Swing Line Loan as a Fixed Rate
Loan; provided that, the aggregate Interest Period for any Swing Line Loan
that is a Fixed Rate Loan may not exceed one week or such other period of time
as may be agreed to by the Administrative Agent and shall not extend beyond the
Swing Line Loan Maturity Date of such Swing Line Loan.  In the event that the Borrower fails to give
such notice, such Swing Line Loan shall, on the last day of such Interest
Period, cease to be a Fixed Rate Loan.

§2.10.4.     Repayment of Swing Line
Loans.  The Borrower absolutely
and unconditionally promises to pay each outstanding Swing Line Loan on or
prior to the Swing Line Loan Maturity Date relating thereto.  Upon notice by the Administrative Agent on
any Business Day following the Swing Line Loan Maturity Date relating to each
Swing Line Loan, in the event that the Borrower has not repaid such Swing Line
Loan, each of the Lenders hereby agrees to make Syndicated Loans to the
Borrower constituting Base Rate Loans, on the next succeeding Business Day
following such notice, in an amount equal to such Lender’s Commitment
Percentage of the aggregate amount of all Swing Line Loans outstanding and
overdue.  The proceeds thereof shall be
applied directly by the Administrative Agent to repay outstanding Swing Line
Loans.  Each Lender hereby absolutely,
unconditionally and irrevocably agrees to make such Syndicated Loans upon one
Business Day’s notice as set forth above, notwithstanding (a) that the amount
of such Syndicated Loan may not comply with the applicable minimums set forth
herein, (b) the failure of the Borrower to meet the applicable conditions set
forth herein, (c) the occurrence or continuance of a Default or an Event of
Default hereunder, and (d) the Total Commitment in effect at such time.  In the event that it is impracticable for
such Syndicated Loan to be made for any reason on the date otherwise required
above, then each Lender hereby agrees that it shall forthwith purchase (as of
the date such Syndicated Loan would have been made, but adjusted for any
payments received from 

 35
 

the Borrower on or after
such date and prior to such purchase) from the Administrative Agent, and the
Administrative Agent shall sell to each Lender, such participations in the
Swing Line Loans (including all accrued and unpaid interest thereon)
outstanding as shall be necessary to cause the Lender’s to share in such Swing
Line Loans pro rata based on their
respective Commitment Percentages (without regard to any termination of the
Total Commitment hereunder) by making available to the Administrative Agent an
amount equal to such Lender’s participation in the Swing Line Loans; provided that (i) all interest payable on the
Swing Line Loans (other than interest received by the Administrative Agent
pursuant to clause (ii)) shall be for the account of the Administrative Agent
as a funding and administrative fee until the date as of which the respective
participation is purchased, and (ii) at the time any purchase of such
participation is actually made, the purchasing Lender shall be required to pay
the Administrative Agent interest on the principal amount of the participation
so purchased for each day from and including the date such Loan would otherwise
have been made until the date of payment for such participation at the rate of
interest then applicable to such Swing Line Loans during such period.  The Borrower shall have the right, at its
election, to repay the outstanding amount of a Swing Line Loan, as a whole or
in part, at any time without penalty or premium; provided that any full
or partial repayment of the outstanding amount of any Swing Line Loan that is a
Fixed Rate Loan may be made only on the last day of the Interest Period
relating thereto unless the Borrower pays, in accordance with §4.10, to the
Administrative Agent the costs and expenses incurred by the Administrative
Agent as a result of the repayment of such Swing Line Loan on a day other than
the last day of such Interest Period relating thereto.

§2.11.     Evidence of Debt.

(a)           The Loans made by each
Lender and the Letters of Credit issued or extended 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 and the Letters of Credit issued or extended by
the Lenders to the Borrower and the interest and payments thereon.  Any failure to so record or any error in
doing so shall not, however, limit or otherwise affect the obligation of the
Borrower hereunder to pay any amount owing with respect to the
Obligations.  In the event of any
conflict between the accounts and records maintained by any Lender and the
accounts and records of the Administrative Agent in respect of such matters,
the accounts and records of the Administrative Agent shall control in the
absence of manifest error.  Upon the
request of any Lender made through the Administrative Agent, the Borrower shall
execute and deliver to such Lender (through the Administrative Agent) a Note (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 and maturity of its Loans and payments with respect
thereto.

(b)           In addition to the
accounts and records referred to in subsection (a), each Lender and the
Administrative Agent shall maintain in accordance with its usual 

 36
 

practice accounts or
records evidencing the purchases by such Lender of participations in Letters of
Credit and Swing Line Loans.  In the
event of any conflict between the accounts and records maintained by the
Administrative Agent and the accounts and records of any Lender in respect of
such matters, the accounts and records of the Administrative Agent shall
control in the absence of manifest error.

§2.12.     Increase in Commitments.

(a)           Request for Increase.  Provided
there exists no Default or Event of Default, upon notice to the Administrative
Agent (which shall promptly notify the Lenders), the Borrower may from time to
time, request an increase in the Total Commitment by an amount (for all such
requests) not exceeding $250,000,000; provided that (i) any such request
for an increase shall be in a minimum amount of $25,000,000, and (ii) the
Borrower may make a maximum of three such requests.  At the time of sending such notice, the
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 ten Business Days from the date of delivery of such notice
to the Lenders).

(b)           Lender Elections to Increase. 
Each Lender shall notify the Administrative Agent within such time
period whether or not it agrees to increase its Commitment Amount and, if so,
whether by an amount equal to, greater than, or less than its Commitment
Percentage of such requested increase. 
Any Lender not responding within such time period shall be deemed to
have declined to increase its Commitment Amount.

(c)           Notification by Administrative Agent; Additional
Lenders.  The Administrative Agent shall notify the
Borrower and each Lender of the Lenders’ responses to each request made
hereunder.  To achieve the full amount of
a requested increase and subject to the approval of the Administrative Agent,
the L/C Issuer and the lender of the Swing Line Loans (which approvals shall
not be unreasonably withheld), the 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.

(d)           Effective Date and Allocations. 
If the Total Commitment is increased in accordance with this Section,
the Administrative Agent and the Borrower shall determine the effective date
(the “Increase  Effective  Date”) and the final allocation
of such increase.  The Administrative
Agent shall promptly notify the Borrower and the Lenders of the final
allocation of such increase and the Increase Effective Date.  An increase in the Total Commitment pursuant
to this §2.12 and any amendments to this Credit Agreement made solely to
evidence such increase shall not require the consent of any Lender not
participating in such increase.

(e)           Conditions to Effectiveness of Increase. 
As a condition precedent to such increase, the Borrower shall deliver to
the Administrative Agent a certificate of 

 37
 

each member of the
Obligor Group dated as of the Increase Effective Date (in sufficient copies for
each Lender) signed by an authorized officer of such Person (i) certifying and
attaching the resolutions adopted by such Person approving or consenting to
such increase, and (ii) in the case of the Borrower, certifying that, no
Default or Event of Default exists.  The
Borrower shall prepay any Syndicated Loans outstanding on the Increase
Effective Date (and pay any additional amounts required pursuant to §4.10) to
the extent necessary to keep the outstanding Syndicated Loans ratable with any
revised Commitment Percentages arising from any nonratable increase in the
Commitment Amounts under this Section.

(f)            Conflicting Provisions.  This Section
shall supersede any provisions in §24 to the contrary.

§3.          LETTERS
OF CREDIT.

§3.1.       Letters of Credit.

(a)           Subject to the terms
and conditions set forth herein, (i) the Issuing Bank agrees, in reliance upon
the agreements of the Lenders set forth in this §3, (A) from time to time on
any Business Day during the period from the Closing Date until the Maturity
Date, to issue Letters of Credit denominated in Dollars or in one or more
Alternative Currencies for the account of the Borrower, and to amend or extend
Letters of Credit previously issued by it, in accordance with §3.2 below, and
(B) to honor drawings under the Letters of Credit; and (ii) the Lenders
severally agree to participate in Letters of Credit issued for the account of
the Borrower and any drawings thereunder; provided that at no time shall the Maximum Drawing Amount of all Letters
of Credit outstanding exceed the Letter of Credit Sublimit or, if less, the
Total Commitment, and provided further that, at no time shall the sum of
(a) the Dollar Equivalent of the aggregate principal amount of all Syndicated
Loans outstanding, plus (b) the aggregate principal amount of all Swing Line
Loans outstanding, plus (c) the aggregate principal amount of all Competitive
Bid Loans outstanding, plus (d) the aggregate Maximum Drawing Amount and all
Unpaid Reimbursement Obligations exceed the Total Commitment then in effect,
and provided further that, subject to §2.6 hereof, at no time shall the
sum of (x) the Dollar Equivalent of the aggregate principal amount of all
Syndicated Loans denominated in Alternative Currencies outstanding plus (y) the
aggregate Maximum Drawing Amount of all Letters of Credit denominated in
Alternative Currencies and all Unpaid Reimbursement Obligations with respect to
Letters of Credit denominated in Alternative Currencies exceed the Alternative
Currency Sublimit.  Each request
by the Borrower for the issuance or amendment of a Letter of Credit shall be
deemed to be a representation by the Borrower that the issuance or amendment so
requested complies with the conditions set forth in the proviso to the
preceding sentence.  Within the foregoing
limits, and subject to the terms and conditions hereof, the Borrower’s ability
to obtain Letters of Credit shall be fully revolving, and accordingly the
Borrower may, during the foregoing period, obtain Letters of Credit to replace
Letters of Credit that have expired or will expire or that have been drawn upon
and reimbursed.

 38
 

(b)           The Issuing Bank shall
not issue any Letter of Credit, if:

(i)            subject to §3.2(c),
the expiry date of such requested Letter of Credit would occur more than twelve
(12) months after the date of issuance or last extension, unless the Required
Lenders have approved such expiry date; or

(ii)           the expiry date of such
requested Letter of Credit would occur after the date that is ten (10) days prior to the Maturity Date,
unless all the Lenders have approved such expiry date.

(c)           The Issuing Bank shall
not be under any obligation to issue any Letter of Credit if:

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

(ii)           the issuance of such
Letter of Credit would violate one or more policies of general applicability of
the Issuing Bank;

(iii)          except as otherwise
agreed by the Administrative Agent and the Issuing Bank such Letter of Credit
is in an initial stated amount less than $10,000;

(iv)          except as otherwise
agreed by the Administrative Agent and the Issuing Bank, such Letter of Credit
is to be denominated in a currency other than Dollars or an Alternative
Currency;

(v)           the Issuing Bank does
not as of the issuance date of such requested Letter of Credit issue Letters of
Credit in the requested currency;

(vi)          a default of any Lender’s
obligations to fund under §3.3 exists or any Lender is at such time a
Delinquent Lender hereunder, unless the Issuing Bank has entered into
satisfactory arrangements with the Borrower or such Lender to eliminate the
Issuing Bank’s risk with respect to such Lender.

 39

(d)           The Issuing Bank shall
not amend any Letter of Credit if the Issuing Bank would not be permitted at
such time to issue such Letter of Credit in its amended form under the terms
hereof.

(e)           The Issuing Bank shall
be under no obligation to amend any Letter of Credit if (i) the Issuing Bank
would have no obligation at such time to issue such Letter of Credit in its
amended form under the terms hereof, or (ii) the beneficiary of such Letter of
Credit does not accept the proposed amendment to such Letter of Credit.

(f)            The Issuing Bank shall
act on behalf of the Lenders with respect to any Letters of Credit issued by it
and the documents associated therewith, and the Issuing Bank shall have all of
the benefits and immunities (i) provided to the Administrative Agent in
§13 with respect to any acts taken or omissions suffered by the Issuing Bank in
connection with Letters of Credit issued by it or proposed to be issued by it
and the documents related thereto pertaining to such Letters of Credit as fully
as if the term “Administrative Agent” as used in §13 included the Issuing Bank
with respect to such acts or omissions, and (ii) as additionally provided
herein with respect to the Issuing Bank.

§3.2.       Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension
of Letters of Credit.

(a)           Each Letter of Credit
shall be issued or amended, as the case may be, upon the request of the
Borrower delivered to the Issuing Bank (with a copy to the Administrative
Agent) in the form of a Letter of Credit Application, appropriately completed
and signed by an authorized officer of the Borrower.  Such Letter of Credit Application must be
received by the Issuing Bank and the Administrative Agent not later than (i)
11:00 a.m. (New York time) at least five (5) Business Days (provided
that the Issuing Bank shall use its best efforts to issue such Letter of Credit
within two (2) Business Days following its receipt of any written request
therefor) prior to the proposed issuance date or date of amendment, as the case
may be, of any Letter of Credit denominated in Dollars and (ii) 11:00 a.m. (New
York time) at least eight (8) Business Days (provided that the Issuing
Bank shall use its best efforts to issue such Letter of Credit within five (5)
Business Days following its receipt of any written request therefor) prior to
the proposed issuance date or date of amendment, as the case may be, of any
Letter of Credit denominated in an Alternative Currency; or in each case, such
later date and time as the Administrative Agent and the Issuing Bank may agree
in a particular instance in their sole discretion.  In the case of a request for an initial
issuance of a Letter of Credit, such Letter of Credit Application shall specify
in form and detail satisfactory to the Issuing Bank: (i) the proposed issuance
date of the requested Letter of Credit (which shall be a Business Day); (ii)
the amount and currency thereof; (iii) the expiry date thereof; (iv) the name
and address of the beneficiary thereof; (v) the documents to be presented by
such beneficiary in case of any drawing thereunder; (vi) the full text of any
certificate to be presented by such beneficiary in case of any drawing
thereunder; and (vii) such other matters as the Issuing Bank may reasonably
require.  In the case of a request for an
amendment of any outstanding Letter of Credit, such Letter of Credit 

 40
 

Application shall specify
in form and detail satisfactory to the Issuing Bank (i) the Letter of Credit to
be amended; (ii) the proposed date of amendment thereof (which shall be a Business
Day); (iii) the nature of the proposed amendment; and (iv) such other matters
as the Issuing Bank may reasonably require. 
Additionally, the Borrower shall furnish to the Issuing Bank and the
Administrative Agent such other documents and information pertaining to
such requested Letter of Credit issuance or amendment, including any documents
relating thereto, as the Issuing Bank or the Administrative Agent may
reasonably require.

(b)           Promptly after receipt
of any Letter of Credit Application, the Issuing Bank will confirm with the
Administrative Agent (by telephone or in writing) that the Administrative Agent
has received a copy of such Letter of Credit Application from the Borrower and,
if not, the Issuing Bank will provide the Administrative Agent with a copy
thereof.  Unless the Issuing Bank has
received written notice from any Lender, the Administrative Agent or the
Borrower, at least one Business Day prior to the requested date of issuance or
amendment of the applicable Letter of Credit, that one or more applicable
conditions contained in §§9 or 10 shall not then be satisfied, then, subject to
the terms and conditions hereof, the Issuing Bank shall, on the requested date,
issue a Letter of Credit for the account of the Borrower or enter into the applicable
amendment, as the case may be, in each case in accordance with the Issuing Bank’s
usual and customary business practices. 
Immediately upon the issuance of each Letter of Credit, each Lender
shall be deemed to, and hereby irrevocably and unconditionally agrees to,
purchase from the Issuing Bank a risk participation in such Letter of Credit in
an amount equal to the product of such Lender’s Commitment Percentage times
the amount of such Letter of Credit.

(c)            If the Borrower so requests in any applicable Letter of Credit
Application, and subject to the terms and conditions set forth in §3.1(a)
hereof, the Issuing Bank agrees to issue a Letter of Credit that has automatic
extension provisions (each, an “Auto-Extension  Letter  of  Credit”);
provided that any such Auto-Extension Letter of Credit must permit the
Issuing Bank to prevent any such extension at least once in each twelve-month
period (commencing with the date of issuance of such Letter of Credit) by
giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension
Notice  Date”) in each such twelve-month period to be agreed upon
at the time such Letter of Credit is issued. 
Unless otherwise directed by the Issuing Bank, the Borrower shall not be
required to make a specific request to the Issuing Bank for any such
extension.  Once an Auto-Extension Letter
of Credit has been issued, the Lenders, except as provided below, shall be
deemed to have authorized (but may not require) the Issuing Bank, and the
Issuing Bank, except as provided below, shall have agreed, to permit the
extension of such Letter of Credit at any time to an expiry date not later than
the date that is ten (10) days prior to the Maturity Date; provided, however,
that the Issuing Bank shall prevent such extension if (i) the Issuing Bank has
determined that it would not be permitted at such time to issue such Letter of
Credit in its revised form (as extended) under the terms hereof (by reason of
the provisions of clause §3.1(b) or otherwise), or (ii) it has received notice
(which may be by telephone or in writing) on or before the day that is five (5)
Business Days before the Non-Extension Notice Date (A) 

 41
 

from
the Administrative Agent that the Required Lenders have elected to prevent such
extension (but only if such election is consistent with the terms of the
applicable Letter of Credit and the Borrower would not be entitled to the
issuance of such Letter of Credit in its revised form (as extended) under the
terms hereof) or (B) from the Administrative Agent, any Lender or the Borrower
that one or more of the applicable conditions specified in §§9 or 10 is not
then satisfied, and in each such case directing the Issuing Bank not to permit
such extension. Notwithstanding the foregoing, the Issuing Bank may prevent any
extension pursuant to this §3.2(c) if it has determined that it would have no
obligation at such time to issue such Letter of Credit in its revised form (as
extended) under the terms hereof (by reason of the provisions of clause §3.1(c)
or otherwise).

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

§3.3.       Drawings and
Reimbursements.

(a)           Upon receipt from the
beneficiary of any Letter of Credit of any notice of a drawing under such
Letter of Credit, the Issuing Bank shall notify the Borrower and the Administrative
Agent thereof.  In the case of a Letter
of Credit denominated in an Alternative Currency, the Borrower shall reimburse
the Issuing Bank in such Alternative Currency, unless the Borrower shall have
notified the Issuing Bank promptly following receipt of the notice of drawing
that the Borrower will reimburse the Issuing Bank in Dollars.  In the case of any such reimbursement in
Dollars of a drawing under a Letter of Credit denominated in an Alternative Currency,
the Issuing Bank shall notify the Borrower of the Dollar Equivalent of the
amount of the drawing promptly following the determination thereof. Not later
than 11:00 a.m. (New York time) (or in the event the Borrower has not been
notified of such drawing prior to such time, within two hours of receipt of
such notice) on the date of any payment by the Issuing Bank under a Letter of
Credit to be reimbursed in Dollars, or the Applicable Time on the date of any
payment by the Issuing Bank to be reimbursed in an Alternative Currency (each
such date, an “Honor  Date”), the Borrower shall reimburse the
Issuing Bank through the Administrative Agent in an amount equal to the amount
of such drawing and in the applicable currency. 
If the Borrower fails to so reimburse the Issuing Bank by such time, the
Administrative Agent shall promptly notify each Lender of the Honor Date and
the amount of the unreimbursed drawing (expressed in Dollars in the amount of
the Dollar Equivalent thereof in the case of a Letter of Credit denominated in
an Alternative Currency) (the “Unreimbursed  Amount”).  In such event, the Borrower shall be deemed
to have requested a Base Rate Loan to be disbursed on the Honor Date in an
amount equal to the Unreimbursed Amount, without regard to the minimum and
multiples specified in §2.2 for the principal amount of Base Rate Loans, but
subject to the amount of the unutilized portion of the Total Commitment and the
conditions set forth in §§9 and 10 (other than the delivery of a Loan
Request).  Any notice given by the
Issuing Bank or the Administrative Agent pursuant to this §3.3(a) may be given
by telephone if 

 42
 

immediately confirmed in
writing; provided that the lack of such an immediate confirmation shall
not affect the conclusiveness or binding effect of such notice.

(b)           Each Lender shall upon
any notice pursuant to §3.3(a) make funds available to the Administrative Agent
for the account of the Issuing Bank, in Dollars, at the Administrative Agent’s
Head Office for Dollar-denominated payments, an amount equal to its Commitment
Percentage times the Unreimbursed Amount not later than 1:00 p.m. (New
York time) on the Business Day specified in such notice by the Administrative
Agent, whereupon, subject to the provisions of §3.3(c), each Lender that so
makes funds available shall be deemed to have made a Base Rate Loan to the
Borrower in such amount.  The
Administrative Agent shall remit the funds so received to the Issuing Bank in
Dollars.

(c)           With respect to any
Unreimbursed Amount that is not fully refinanced by a Base Rate Loan on the
Honor Date because the conditions set forth in §§9 and 10 cannot be satisfied
or for any other reason, such amount shall be an Unpaid Reimbursement
Obligation, which Unpaid Reimbursement Obligation shall be due and payable on
demand (together with interest) and shall bear interest at the Default
Rate.  In such event, each Lender’s
payment to the Administrative Agent for the account of the Issuing Bank
pursuant to §3.3(b) shall be deemed payment in respect of its reimbursement
obligation in satisfaction of its participation obligation under this §3.3.

(d)           Until each Lender funds
its Loan or reimbursement obligation pursuant to this §3.3 to reimburse the
Issuing Bank for any amount drawn under any Letter of Credit, interest in
respect of such Lender’s Commitment Percentage of such amount shall be solely
for the account of the Issuing Bank.

(e)           Each Lender’s
obligation to make Loans or payments with respect to its reimbursement
obligation under this §3.3 to reimburse the Issuing Bank for amounts drawn
under Letters of Credit, as contemplated by this §3.3, shall be absolute and
unconditional and shall not be affected by any circumstance, including (i) any
setoff, counterclaim, recoupment, defense or other right which such Lender may
have against the Issuing Bank, the Borrower, any Subsidiary of the Issuing Bank
or the Borrower or any other Person for any reason whatsoever; (ii) the
occurrence or continuance of a Default, or (iii) any other occurrence, event or
condition, whether or not similar to any of the foregoing; provided, however,
that each Lender’s obligation to make Loans pursuant to this §3.3 is subject to
the conditions set forth in §§9 and 10 (other than delivery by the Borrower of
a Loan Request).  No such payment of any
Lender’s reimbursement obligations under this §3.3 shall relieve or otherwise
impair the obligation of the Borrower to reimburse the Issuing Bank for the
amount of any payment made by the Issuing Bank under any Letter of Credit,
together with interest as provided herein.

(f)            If any Lender fails to
make available to the Administrative Agent for the account of the Issuing Bank
any amount required to be paid by such Lender pursuant to the foregoing
provisions of this §3.3 by the time specified in §3.3(b) the Issuing Bank shall
be entitled to recover from such Lender (acting through the 

 43
 

Administrative Agent), on
demand, such amount with interest thereon for the period from the date such
payment is required to the date on which such payment is immediately available
to the Issuing Bank 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 Issuing Bank in connection with the
foregoing.  A certificate of the Issuing
Bank submitted to any Lender (through the Administrative Agent) with respect to
any amounts owing under this clause (f) shall be conclusive absent manifest
error.

§3.4.       Repayment of Participations.  At any time after the Issuing Bank has made a
payment under any Letter of Credit and has received from any Lender such Lender’s
payment in respect of its reimbursement obligation under §3.3, if the
Administrative Agent receives for the account of the Issuing Bank any payment
in respect of the related Unreimbursed Amount or interest thereon (whether
directly from the Borrower or otherwise, including proceeds of Cash Collateral
applied thereto by the Administrative Agent), the Administrative Agent will
distribute to such Lender its Commitment Percentage thereof (appropriately
adjusted, in the case of interest payments, to reflect the period of time
during which such Lender’s reimbursement obligation under §3.3 was outstanding)
in Dollars and in the same funds as those received by the Administrative Agent.
If any payment received by the Administrative Agent for the account of the
Issuing Bank pursuant to §3.3(a) is required to be returned in connection with
any bankruptcy or insolvency proceeding or otherwise (including pursuant to any
settlement entered into by the Issuing Bank in its discretion), each Lender
shall pay to the Administrative Agent for the account of the Issuing Bank its
Commitment Percentage thereof on demand of the Administrative Agent, plus
interest thereon from the date of such demand to the date such amount is
returned by such Lender, at a rate per annum equal to the applicable Overnight
Rate from time to time in effect.  The
obligations of the Lenders under the immediately preceding sentence shall
survive the payment in full of the Obligations and the termination of this Credit
Agreement.

§3.5.       Obligations Absolute.  The
obligation of the Borrower to reimburse the Issuing Bank for each drawing under
each Letter of Credit shall be absolute, unconditional and irrevocable, and
shall be paid strictly in accordance with the terms of this Credit Agreement
under all circumstances, including the following:

(a)           any lack of validity or
enforceability of such Letter of Credit, this Credit Agreement, or any other
Loan Document;

(b)           the existence of any
claim, counterclaim, setoff, defense or other right that the Borrower or any
Subsidiary of the Borrower may have at any time against any beneficiary or any
transferee of such Letter of Credit (or any Person for whom any such
beneficiary or any such transferee may be acting), the Issuing Bank or any
other Person, whether in connection with this Credit Agreement, the
transactions contemplated hereby or by such Letter of Credit or any agreement
or instrument relating thereto, or any unrelated transaction;

 44
 

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

(d)           any payment by the
Issuing Bank under such Letter of Credit against presentation of a draft or
certificate that does not strictly comply with the terms of such Letter of
Credit; or any payment made by the Issuing Bank under such Letter of Credit to
any Person purporting to be a trustee in bankruptcy, debtor-in-possession,
assignee for the benefit of creditors, liquidator, receiver or other
representative of or successor to any beneficiary or any transferee of such
Letter of Credit, including any arising in connection with any proceeding under
any insolvency law;

(e)           any adverse change in
the relevant exchange rates or in the availability of the relevant Alternative
Currency to the Borrower or in the relevant currency markets generally; or

(f)            any other circumstance
or happening whatsoever, whether or not similar to any of the foregoing,
including any other circumstance that might otherwise constitute a defense
available to, or a discharge of, the Borrower or any Subsidiary of the Borrower
provided that nothing in this clause (f) shall impair the rights of the
Borrower under §3.6.

The Borrower shall
promptly examine a copy of each Letter of Credit and each amendment thereto
that is delivered to it and, in the event of any claim of noncompliance with
the Borrower’s instructions or other irregularity, the Borrower will promptly
notify the Issuing Bank.  The Borrower
shall be conclusively deemed to have waived any such claim against the Issuing
Bank and its correspondents unless such notice is given as aforesaid.

§3.6.       Role of Issuing Bank. 
Each Lender and the Borrower agree that, in paying any drawing under a
Letter of Credit, the Issuing Bank shall not have any responsibility to obtain
any document (other than any sight draft, certificates and documents expressly
required by the Letter of Credit) or to ascertain or inquire as to the validity
or accuracy of any such document or the authority of the Person executing or
delivering any such document.  None of
the Issuing Bank, the Administrative Agent, any of their respective Affiliates,
directors, officers, employees, agents and advisors nor any correspondent,
participant or assignee of the Issuing Bank shall be liable to any Lender for
(i) any action taken or omitted in connection herewith at the request or with
the approval of the Lenders or the Required Lenders, as applicable; (ii) any
action taken or omitted in the absence of gross negligence or willful
misconduct; or (iii) the due execution, effectiveness, validity or
enforceability of any document or instrument related to any Letter of Credit or
any other document relating thereto.  The
Borrower hereby assumes all risks of the acts or omissions of any beneficiary
or transferee with respect to its use of any Letter of Credit; provided,
however, that this assumption is not intended to, 

 45
 

and shall not, preclude the Borrower’s pursuing such
rights and remedies as it may have against the beneficiary or transferee at law
or under any other agreement.  None of
the Issuing Bank, the Administrative Agent, any of their respective Affiliates,
directors, officers, employees, agents and advisors nor any correspondent,
participant or assignee of the Issuing Bank shall be liable or responsible for
any of the matters described in clauses (a) through (e) of §3.5; provided,
however, that anything in such clauses to the contrary notwithstanding,
the Borrower may have a claim against the Issuing Bank, and the Issuing Bank
may be liable to the Borrower, to the extent, but only to the extent, of any
direct, as opposed to consequential or exemplary, damages suffered by the
Borrower which the Borrower proves were caused by the Issuing Bank’s willful
misconduct or gross negligence or the Issuing Bank’s willful failure to pay
under any Letter of Credit after the presentation to it by the beneficiary of a
sight draft and certificate(s) strictly complying with the terms and conditions
of a Letter of Credit.  In furtherance and not in limitation of the
foregoing, the Issuing Bank may accept documents that appear on their face to
be in order, without responsibility for further investigation, regardless of
any notice or information to the contrary, and the Issuing Bank shall not be
responsible for the validity or sufficiency of any instrument transferring or
assigning or purporting to transfer or assign a Letter of Credit or the rights
or benefits thereunder or proceeds thereof, in whole or in part, which may
prove to be invalid or ineffective for any reason. The responsibility of the
Issuing Bank and its correspondents to the Borrower and the Lenders shall be
only to determine that the documents (including each draft) delivered under
each Letter of Credit in connection with such presentment shall be in
conformity on their face in all material respects with such Letter of Credit.

§3.7.       Cash Collateral. 
(a) (i) If the Issuing Bank has honored any full or partial drawing
request under any Letter of Credit and such drawing has resulted in Unpaid
Reimbursement Obligations, or (ii) if, as of the date which is ten (10) days
prior to the Maturity Date, any Letter of Credit or Unpaid Reimbursement
Obligation for any reason
remains outstanding, the Administrative Agent may require, and at the direction
of the Required Lenders, shall require, that the Borrower shall, in each case,
immediately Cash Collateralize the then outstanding amount of Unpaid
Reimbursement Obligations plus the Maximum Drawing Amount.

(b)           The Administrative
Agent may, at any time and from time to time after the initial deposit of Cash
Collateral, request that additional Cash Collateral be provided in order to
protect against the results of exchange rate fluctuations.

(c)           “Cash  Collateralize”
means to pledge and deposit with or deliver to the Administrative Agent, for
the benefit of the Issuing Bank and the Lenders, as collateral for the
outstanding amount of all Unpaid Reimbursement Obligations plus the
Maximum Drawing Amount, cash or deposit account balances pursuant to
documentation in form and substance satisfactory to the Administrative Agent
and the Issuing Bank (which documents are hereby consented to by the
Lenders).  Derivatives of such term have
corresponding meanings.  The Borrower hereby
grants to the Administrative Agent, for the benefit of the Issuing Bank and the
Lenders, a security interest in all such cash, deposit accounts and all
balances therein and all proceeds of the foregoing.  Cash 

 46
 

Collateral shall be
maintained in blocked, non-interest bearing deposit accounts at Bank of
America.

§3.8.       Applicability of ISP and
UCP.  Unless otherwise expressly
agreed by the Issuing Bank and the Borrower when a Letter of Credit is issued (including any such agreement applicable to
an Existing Letter of Credit), (i) the rules of the ISP shall apply to
each standby Letter of Credit, and (ii) the rules of the Uniform Customs and
Practice for Documentary Credits, as most recently published by the
International Chamber of Commerce at the time of issuance shall apply to each
commercial Letter of Credit.

§3.9.       Transitional Letters of Credit.  Schedule 3.9
contains a list of certain letters of credit issued prior to the Closing Date
for the account of the Borrower under the Existing Credit Agreement (the “Existing Letters of Credit”).  On the Closing Date, (a) the Existing Letters
of Credit shall be deemed to be Letters of Credit issued pursuant to this §3
and shall be subject to all of the provisions applicable to Letters of Credit
under this Credit Agreement and (b) all liabilities of the Borrower with
respect to the Existing Letters of Credit shall constitute Obligations of such
Borrower with respect to Letters of Credit in accordance with this Credit
Agreement and the Loan Documents as though such Borrower had delivered a Letter
of Credit Application under this Credit Agreement.  On the Closing Date, the letter of credit
fees owing with respect to the Existing Letters of Credit under §3.10 of the
Existing Credit Agreement shall be calculated and paid in full.  From and after the Closing Date, the Borrower
shall pay Letter of Credit Fees and such other fees as provided in §3.10, in
each case when due pursuant to §3.10, with respect to each of the Existing
Letters of Credit.

§3.10.     Letter of Credit Fee.  The Borrower shall, on the first day of each
calendar quarter for the immediately preceding calendar quarter, pay to the
Administrative Agent, in Dollars, a fee (the “Letter  of  Credit
Fee”) for each Letter of Credit issued, extended or renewed during such
calendar quarter by the Issuing Bank at a rate per annum equal to (a) with
respect to each standby Letter of Credit, the Applicable Margin with respect to
Eurocurrency Rate Loans in effect from time to time and (b) with respect to
documentary Letters of Credit, one-half (1/2) the Applicable Margin with
respect to Eurocurrency Rate Loans in effect from time to time, in each case,
on the Maximum Drawing Amount of such Letter of Credit for the period such
Letter of Credit is outstanding.  The
Administrative Agent shall, in turn, remit to each Lender (including Bank of
America) such Lender’s Commitment Percentage of the Letter of Credit Fee.  In addition, in respect of each Letter of
Credit, the Borrower shall pay the Issuing Bank for its own account (i)
quarterly in arrears on the last day of each calendar quarter, a fronting fee as
set forth in the Fee Letter or as otherwise agreed between the Borrower and the
applicable Issuing Bank, and, (ii) at such other time or times as such charges
are customarily made by the Issuing Bank, the Issuing Bank’s customary
issuance, amendment, negotiation or document examination and other
administrative fees as in effect from time to time

 47
 

§3.11.     Conflict with Issuer Documents.  In the event of any conflict between the
terms hereof and the terms of any Letter of Credit Application or any other
document related thereto, the terms hereof shall control.

§4.          CERTAIN
GENERAL PROVISIONS; FEES.

§4.1.       Closing and
Administrative Agent Fees.  The
Borrower shall pay (a) to the Administrative Agent for the accounts of the
Lenders on the Closing Date a closing fee as set forth in that certain letter
agreement, dated as of the September 22, 2006 (as such agreement may be amended
and in effect from time to time, the “Fee  Letter”) by and among
the Borrower, the Administrative Agent and the Arranger and (b) the fees (the “Administrative Agent Fees”) to the
Administrative Agent and the Arranger in the amounts and at the times set forth
in the Fee Letter.

§4.2.       Other Fees.

§4.2.1.       Facility Fee.  During the Revolver Period, the Borrower
agrees to pay to the Administrative Agent for the accounts of the Lenders in
accordance with their respective Commitment Percentages a facility fee (the “Facility Fee”), which shall be calculated for
each day at a per annum rate as set forth in the definition of Applicable
Margin with respect to the Facility Fee in effect at such time on the Total
Commitment.  The Facility Fee shall be
payable quarterly in arrears on the last day of each calendar quarter for the
calendar quarter then ended commencing on the first such date following the Closing
Date, with a final payment on the Maturity Date or any earlier date on which
the Total Commitment shall terminate.

§4.2.2.       Utilization Fee.  During the Revolver Period, for any day on
which the outstanding principal amount of Loans plus the Maximum Drawing
Amount exceeds an amount equal to fifty percent (50%) of the Total Commitment
then in effect, the Borrower agrees to pay to the Administrative Agent for the
accounts of the Lenders in accordance with their respective Commitment
Percentages a utilization fee (the “Utilization
Fee”), which shall be calculated for each day at a per annum rate as set
forth in the definition of Applicable Margin with respect to the Utilization
Fee in effect at such time on the outstanding principal amount of the
Loans.  The Utilization Fee shall be
payable quarterly in arrears on the last day of each calendar quarter for the
calendar quarter then ended commencing on the first such date following the
Closing Date, with a final payment on the Maturity Date or any earlier date on
which the Total Commitment shall terminate.

§4.3.       Funds for Payments.

§4.3.1.       Payments to
Administrative Agent.  All
payments of principal, interest, Facility Fees, Utilization Fees, Letter of
Credit Fees and any other fees or amounts due hereunder or under any of the
other Loan Documents shall be made to the Administrative Agent, for the
respective accounts of the Lenders and the Administrative Agent, not later
than, except with respect to principal and interest on Loans denominated in an
Alternative Currency, 2:00 p.m. (New York time), at the Administrative Agent’s 

 48
 

Head Office or at such
other location designated by the Administrative Agent that the Administrative
Agent may from time to time designate, in each case in Same Day Funds. Except
as otherwise expressly provided herein, all payments by the Borrower hereunder
with respect to principal and interest on Loans denominated in an Alternative
Currency shall be made to the Administrative Agent, for the account of the
respective Lenders to which such payment is owed, at the Administrative Agent’s
Head Office, or at such other location designated by the Administrative Agent
that the Administrative Agent may from time to time designate, 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. Without
limiting the generality of the foregoing, the Administrative Agent may require
that any payments due under this Credit Agreement be made in the United States.

§4.3.2.       No Offset, Etc.  All payments by the Borrower hereunder and
under any of the other Loan Documents shall be made without condition or
deduction for any recoupment, defense, setoff or counterclaim and free and
clear of and without deduction for any taxes, levies, imposts, duties, charges,
fees, deductions, withholdings, compulsory loans, restrictions or conditions of
any nature now or hereafter imposed or levied by any jurisdiction or any
political subdivision thereof or taxing or other authority therein unless the
Borrower is compelled by law to make such deduction or withholding.  If any such obligation is imposed upon the
Borrower with respect to any amount payable by it hereunder or under any of the
other Loan Documents, other than (a) with respect to taxes based upon the
Administrative Agent’s or any Lender’s net income, or (b) with respect to
amounts owing to a Lender that (i) is not incorporated under the laws of the
United States of America or a state thereof and (ii) has not delivered to the
Administrative Agent the forms referred to in §4.3.3 hereof, the Borrower will
pay to the Administrative Agent, for the account of the Lenders or (as the case
may be) the Administrative Agent, on the date on which such amount is due and
payable hereunder or under such other Loan Document, such additional amount in
Dollars or the applicable Alternative Currency as shall be necessary to enable
the Lenders or the Administrative Agent to receive the same net amount which
the Lenders or the Administrative Agent would have received on such due date
had no such obligation been imposed upon the Borrower.  The Borrower will deliver promptly to the
Administrative Agent certificates or other valid vouchers for all taxes or
other charges deducted from or paid with respect to payments made by the
Borrower hereunder or under such other Loan Document.

§4.3.3.       Withholding.
 Each Lender and the Administrative
Agent that is not a U.S. Person as defined in Section 7701(a)(30) of the Code
for federal income tax purposes (a “Non-U.S.  Lender”) hereby
agrees that, if and to the extent it is legally able to do so, it shall, on the
date it becomes a Lender hereunder, deliver to the Borrower and the
Administrative Agent such certificates, documents or other evidence, as and
when required by the Code or Treasury Regulations issued pursuant thereto,
including (a) in the case of a Non-U.S. Lender that is a “bank” for purposes of
Section 881(c)(3)(A) of the Code, two (2) duly completed copies of Internal
Revenue Service Form W-8BEN or Form W-8ECI and any other certificate or
statement of exemption required by Treasury Regulations, or any subsequent
versions thereof or successors thereto, properly completed and duly executed by
such Lender or the Administrative Agent establishing 

 49
 

that with respect to
payments of principal, interest or fees hereunder it is (i) not subject to
United States federal withholding tax under the Code because such payment is
effectively connected with the conduct by such Lender or Administrative Agent
of a trade or business in the United States or (ii) totally exempt from United
States federal withholding tax under a provision of an applicable tax treaty
and (b) in the case of a Non-U.S. Lender that is not a “bank” for purposes of
Section 881(c)(3)(A) of the Code, a certificate in form and substance
reasonably satisfactory to the Administrative Agent and the Borrower and to the
effect that (i) such Non-U.S. Lender is not a “bank” for purposes of
Section 881(c)(3)(A) of the Code, is not subject to regulatory or other legal requirements
as a bank in any jurisdiction, and has not been treated as a bank for purposes
of any tax, securities law or other filing or submission made to any
governmental authority, any application made to a rating agency or
qualification for any exemption from any tax, securities law or other legal
requirements, (ii) is not a ten (10) percent shareholder for purposes of
Section 881(c)(3)(B) of the Code and (iii) is not a controlled foreign
corporation receiving interest from a related person for purposes of Section
881(c)(3)(C) of the Code, together with a properly completed Internal Revenue
Service Form W-8 or W-9, as applicable (or successor forms).  Each Lender or the Administrative Agent
agrees that it shall, promptly upon a change of its lending office or the
selection of any additional lending office, to the extent the forms previously
delivered by it pursuant to this section are no longer effective, and promptly
upon the Borrower’s or the Administrative Agent’s reasonable request after the
occurrence of any other event (including the passage of time) requiring the
delivery of a Form W-8BEN, Form W-8ECI, Form W-8 or W-9 in addition to or in
replacement of the forms previously delivered, deliver to the Borrower and the
Administrative Agent, as applicable, if and to the extent it is properly
entitled to do so, a properly completed and executed Form W-8BEN, Form W-8ECI,
Form W-8 or W-9, as applicable (or any successor forms thereto). Without
limiting the obligations of the Lenders set forth above regarding delivery of
certain forms and documents to establish each Lender’s status for U.S.
withholding tax purposes, each Lender agrees promptly to deliver to the
Administrative Agent or the Borrower, as the Administrative Agent or the
Borrower shall reasonably request, on or prior to the Closing Date, and in a
timely fashion thereafter, such other documents and forms required by any
relevant taxing authorities under the laws of any other jurisdiction, duly
executed and completed by such Lender, as are required under such laws to
confirm such Lender’s entitlement to any available exemption from, or reduction
of, applicable withholding taxes in respect of all payments to be made to such
Lender outside of the U.S. by the Borrower pursuant to this Credit Agreement or
otherwise to establish such Lender’s status for withholding tax purposes in
such other jurisdiction.  Each Lender
shall promptly (A) notify the Administrative Agent of any change in
circumstances which would modify or render invalid any such claimed exemption
or reduction, and (B) take such reasonable steps as shall not be materially
disadvantageous to it, in the reasonable judgment of such Lender, and as may be
reasonably necessary to avoid any requirement of applicable laws of any such
jurisdiction that the Borrower make any deduction or withholding for taxes from
amounts payable to such Lender. 
Additionally, the Borrower shall promptly deliver to the Administrative
Agent or any Lender, as the Administrative Agent or such Lender shall
reasonably request, on or prior to the Closing Date, and in a timely fashion
thereafter, such documents and forms required by any relevant taxing

 50
 

authorities under the
laws of any jurisdiction, duly executed and completed by the Borrower, as are
required to be furnished by such Lender or the Administrative Agent under such
laws in connection with any payment by the Administrative Agent or any Lender
of taxes or otherwise in connection with the Loan Documents, with respect to
such jurisdiction. This §4.3.3 shall not be construed to require the
Administrative Agent, any Lender or the Issuing Bank to make available its tax
returns (or any other information relating to its taxes that it deems
confidential) to the Borrower or any other Person.

§4.4.       Computations.  All computations of interest for Base Rate
Loans when the Base Rate is determined by Bank of America’s “prime rate” shall
be made on the basis of a year of 365 or 366 days, as the case may be, and
actual days elapsed.  All other
computations of fees and interest shall be based on a 360-day year, and, in
each case, paid for the actual number of days elapsed, or, in the case of
interest in respect of Loans denominated in Alternative Currencies as to which
market practice differs from the foregoing, in accordance with such market
practice. Except as otherwise provided in the definition of the term “Interest Period” with respect to Eurocurrency
Rate Loans, whenever a payment hereunder or under any of the other Loan
Documents becomes due on a day that is not a Business Day, the due date for
such payment shall be extended to the next succeeding Business Day, and
interest shall accrue during such extension.

§4.5.       Inability to Determine
Eurocurrency Rate.  In the event,
prior to the commencement of any Interest Period relating to any Eurocurrency
Rate Loan (whether denominated in Dollars or an Alternative Currency), the
Administrative Agent shall determine or be notified by the Required Lenders
that adequate and reasonable methods do not exist for ascertaining the
Eurocurrency Rate that would otherwise determine the rate of interest to be
applicable to any Eurocurrency Rate Loan during any Interest Period, the
Administrative Agent shall forthwith give notice of such determination (which
shall be conclusive and binding on the Borrower and the Lenders) to the
Borrower and the Lenders.  In such event
(a) any Loan Request or Conversion Request with respect to Eurocurrency Rate
Loans in the affected currency or currencies shall be automatically withdrawn
and, in the case of Loans requested in Alternative Currencies, shall be deemed
a request for a Loan denominated in Dollars (or at the timely request of the
Borrower, a Loan denominated in an unaffected Alternative Currency), and in the
case of Loans requested in Dollars, shall be deemed a request for Base Rate
Loans, (b) each Eurocurrency Loan in the affected currency or currencies, will
automatically, on the last day of the then current Interest Period relating
thereto, (i) in the case of Eurocurrency Rate Loans denominated in an Alternative
Currency, become a Loan denominated in Dollars (or at the timely request of the
Borrower, a Loan denominated in an unaffected Alternative Currency) and (ii) in
the case of a Eurocurrency Rate Loan denominated in Dollars, become a Base Rate
Loan, and (c) the obligations of the Lenders to make Eurocurrency Rate Loans in
the affected currency or currencies shall be suspended until the Administrative
Agent or the Required Lenders, as applicable, determine that the circumstances
giving rise to such suspension no longer exist, whereupon the Administrative
Agent or, as the case may be, the Administrative Agent upon the instruction of
the Required Lenders, shall so notify the Borrower and the Lenders.

 51
 

§4.6.       Illegality.  Notwithstanding any other provisions herein,
if any present or future law, regulation, treaty or directive or in the
interpretation or application thereof shall make it unlawful for any Lender to
make or maintain Eurocurrency Rate Loans (whether denominated in Dollars or an
Alternative Currency), such Lender shall forthwith give notice of such
circumstances to the Borrower and the other Lenders and thereupon the
commitment of such Lender to make Eurocurrency Rate Loans in the affected
currency or currencies or convert Loans of another Type to Eurocurrency Rate
Loans in the affected currency or currencies shall forthwith be suspended and
such Lender’s Loans then outstanding as Eurocurrency Rate Loans in the affected
currency or currencies, if any, shall be automatically, on the last day of the
then current Interest Period relating thereto or within such earlier period as
may be required by law, (a) in the case of Eurocurrency Rate Loans denominated
in an Alternative Currency, converted to a Loan denominated in Dollars (or at
the timely request of the Borrower, a Loan denominated in an unaffected
Alternative Currency) and (b) in the case of a Eurocurrency Rate Loan
denominated in Dollars, converted to a Base Rate Loan.  The Borrower hereby agrees promptly to pay the
Administrative Agent for the account of such Lender, upon demand by such
Lender, any additional amounts necessary to compensate such Lender for any
costs incurred by such Lender in making any conversion in accordance with this
§4.6, including any interest or fees payable by such Lender to lenders of funds
obtained by it in order to make or maintain its Eurocurrency Rate Loans
hereunder.

§4.7.       Additional Costs, Etc.  If any change after the Closing Date to any
present applicable law or if any future applicable law, which expression, as
used herein, includes statutes, rules and regulations thereunder and
interpretations thereof by any competent court or by any governmental or other
regulatory body or official charged with the administration or the
interpretation thereof and requests, directives, instructions and notices at
any time or from time to time hereafter made upon or otherwise issued to any
Lender or the Administrative Agent by any central bank or other fiscal,
monetary or other authority (whether or not having the force of law), shall:

(a)           subject any Lender or the Administrative Agent to any
tax, levy, impost, duty, charge, fee, deduction or withholding of any nature
with respect to this Credit Agreement, the other Loan Documents, such Lender’s
Commitment, the Loans or the Letters of Credit or any risk participation with
respect to such Letters of Credit (other than taxes based upon or measured by
the income or profits of such Lender or the Administrative Agent), or

(b)           materially change the basis of taxation (except for
changes in taxes on income or profits) of payments to any Lender of the
principal of or the interest on any Loans or any other amounts payable to any
Lender or the Administrative Agent under this Credit Agreement or any of the
other Loan Documents, or

(c)           impose or increase or render applicable
(other than to the extent specifically provided for elsewhere in this Credit
Agreement) any special deposit, reserve, assessment, liquidity, capital
adequacy or other similar requirements (whether or not having the force of law)
against assets held by, or deposits in or for the account of, or 

 52
 

loans by, or letters of
credit issued by (or any risk participation with respect to such letters of
credit), or commitments of an office of any Lender,

(d)           impose on any Lender or the Administrative Agent any
other conditions or requirements with respect to this Credit Agreement, the
other Loan Documents, the Loans, the Letters of Credit or any risk
participation with respect to such Letters of Credit, such Lender’s Commitment,
or any class of loans, letters of credit or commitments of which any of the
Loans or such Lender’s Commitment forms a part, or

(e)           result in the Mandatory
Cost, as calculated hereunder, not representing the cost to any Lender of
complying with the requirements of the Bank of England and/or the Financial
Services Authority or the European Central Bank in relation to its making,
funding or maintaining Eurocurrency Rate Loans denominated in an Alternative
Currency,

and
the result of any of the foregoing is:

(i)            to increase the cost to any Lender, of making,
funding, issuing, renewing, extending or maintaining any of the Loans, the
Letters of Credit or such Lender’s Commitment, or

(ii)           to reduce the amount of principal, interest, or other
amount payable to such Lender or the Administrative Agent hereunder on account
of such Lender’s Commitment, or any of the Loans or Letters of Credit, or

(iii)          to require such Lender or the Administrative Agent to
make any payment or to forego any interest or other sum payable hereunder, the
amount of which payment or foregone interest or other sum is calculated by
reference to the gross amount of any sum receivable or deemed received by such
Lender or the Administrative Agent from the Borrower hereunder,

then, in each such case
and to the extent that the amount of such additional cost, reduction, payment,
foregone interest or other sum is not reflected in the Base Rate or the
Eurocurrency Rate, the Borrower will, upon demand made by such Lender or (as
the case may be) the Administrative Agent at any time and from time to time and
as often as the occasion therefor may arise, pay to such Lender or the
Administrative Agent such additional amounts as will be sufficient to
compensate such Lender or the Administrative Agent for such additional cost,
reduction, payment or foregone interest or other sum (without duplication for
recovery of such amounts under any other provision hereof), provided
that the Borrower shall not be liable to any Lender or the Administrative Agent
for costs incurred more than sixty (60) days prior to receipt by the Borrower
of such demand for payment from such Lender or (as the case may be) the
Administrative Agent unless such costs were incurred prior to such 60-day
period solely as a result of such present or future applicable law being
retroactive to a date which occurred prior to such 60-day period.

 53
 

§4.8.       Capital Adequacy.  If after the Closing Date any Lender or the
Administrative Agent determines that the adoption of or change in any law,
governmental rule, regulation, policy, guideline or directive (whether or not
having the force of law) regarding capital requirements for banks or bank
holding companies or any change in the interpretation or application thereof by
a court or governmental authority with appropriate jurisdiction has the effect
of reducing the return on such Lender’s or the Administrative Agent’s
commitment with respect to any Loans or Letters of Credit to a level below that
which such Lender or the Administrative Agent could have achieved but for such
adoption, change or compliance (taking into consideration such Lender’s or the
Administrative Agent’s then existing policies with respect to capital adequacy
and assuming full utilization of such entity’s capital) by any amount deemed by
such Lender or (as the case may be) the Administrative Agent to be material,
then such Lender or the Administrative Agent may notify the Borrower of such
fact.  To the extent that the amount of
such reduction in the return on capital is not reflected in the Base Rate or
the Eurocurrency Rate then the Borrower agrees to pay such Lender or (as the
case may be) the Administrative Agent for the amount of such reduction in the
return on capital as and when such reduction is determined upon presentation by
such Lender or (as the case may be) the Administrative Agent of a certificate
in accordance with §4.9 hereof, provided that the Borrower shall not be liable
to any Lender or the Administrative Agent for costs incurred more than sixty
(60) days prior to receipt by the Borrower of the notice referred to in the
immediately preceding sentence from such Lender or (as the case may be) the
Administrative Agent.  Each Lender shall
allocate such cost increases among its customers in good faith and on an
equitable basis.

§4.9.       Certificate.  A certificate setting forth any additional
amounts payable pursuant to §§4.7 or 4.8 hereof and a brief explanation of such
amounts which are due, submitted by any Lender or the Administrative Agent to
the Borrower, shall be conclusive, absent manifest error, that such amounts are
due and owing.  If the Borrower is
required to pay any additional amounts pursuant to §§4.7 or 4.8 hereof with
respect to any Lender, the Borrower may, following payment in full of the
amount or amounts due set forth in such certificate, take the actions permitted
by §4.12 hereof to replace such Lender.

§4.10.     Indemnity.  The Borrower agrees to indemnify each Lender
and to hold each Lender harmless from and against all redeployment costs or
expenses that such Lender may reasonably sustain or incur as a consequence of
(a) default by the Borrower in payment of the principal amount of or any
interest on any Eurocurrency Rate Loan, Competitive Bid Loan or Swing Line Loan
which is a Fixed Rate Loan as and when due and payable, including any such cost
or expense arising from interest or fees payable by such Lender to lenders of
funds obtained by it in order to maintain its Eurocurrency Rate Loans,
Competitive Bid Loans or such Swing Line Loans, (b) default by the Borrower in
making a borrowing or conversion after the Borrower has given (or is deemed to
have given) a Loan Request or a Conversion Request relating thereto in
accordance with §§2.2 or 2.9 hereof, (c) the making of any payment of a
Eurocurrency Rate Loan, Competitive Bid Loan or Swing Line Loan which is a
Fixed Rate Loan or the making of any conversion of any such Loan to a Base Rate
Loan on a day that is not the last day of the 

 54
 

applicable Interest Period with respect thereto,
including interest or fees payable by such Lender to lenders of funds obtained
by it in order to maintain any such Loans, or (d) any failure by the 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.

§4.11.     Interest After Default.  Overdue principal and (to the extent
permitted by applicable law) interest on the Loans and all other overdue
amounts payable hereunder or under any of the other Loan Documents, if not
repaid on or before the fifth calendar day following the day such payment was
due, shall bear interest from the due date thereof, compounded monthly and
payable on demand at any time from and after the fifth calendar day following
the day such payment was due, at a rate per annum equal to two percent (2%)
above the rate of interest then applicable thereto (or, if no rate of interest
is then applicable thereto, the Base Rate) until such amount shall be paid in
full (after as well as before judgment).

§4.12.     Replacement of Individual
Lenders.  Upon the happening of
any of the events set forth in §§2.4.2, 4.3.2, 4.3.3, 4.6, 4.7, 4.8 or 4.13, or
in the case of a Delinquent Lender, the Borrower may (provided that at the time
no Default or Event of Default exists or would result after giving effect to
the Borrower’s action) prepay in full all Loans and other obligations owing by
the Borrower to each affected Lender under §§2.4.2, 4.3.2, 4.3.3, 4.6, 4.7, 4.8
or 4.13 and/or each Delinquent Lender (each such Lender being called a “Substituted Lender”), together with all
amounts payable by the Borrower under §4.10 hereof with respect to such
prepayment, and terminate the Commitment(s) of such Lender(s) subject to the
following conditions:

(a)           the Borrower shall have delivered to the
Administrative Agent not less than ten (10) Business Days prior to the exercise
of its rights under this §4.12 a written commitment in form and substance
satisfactory to the Administrative Agent and each of the Lenders from a banking
institution (the “Replacement  Lender”) reasonably acceptable to
the Administrative Agent and each of the remaining Lenders (other than the
Substituted Lender) in which such Replacement Lender agrees to become a “Lender”
under this Credit Agreement, having a Commitment Amount in the amount of the Substituted
Lender’s Commitment Amount;

(b)           the Borrower shall have given appropriate notice of
any prepayment under this §4.12 as required by §4.7 and subject to all other
provisions of this Credit Agreement; and

(c)           simultaneously with any prepayment of all Loans and
other obligations owing by the Borrower to a Substituted Lender under this
§4.12, the Substituted Lender shall have assigned, pursuant to §17 hereof of
this Credit Agreement the Commitment of such Substituted Lender to the
Replacement Lender and such Replacement Lender shall have become a Lender under
this Credit Agreement, having a Commitment Amount in the amount of such
Substituted Lender’s Commitment Amount and such Replacement Lender shall have
simultaneously funded all such Loans prepaid 

 55
 

hereunder. Each of the
Lenders agrees that in the event that it becomes a Substituted Lender pursuant
to this §4.12, it will cooperate and assign its Commitment pursuant to this
§4.12(c).

§4.13.     Additional Reserve
Requirements.  The Borrower shall pay to each Lender,
(i) as long as such Lender shall be required to maintain reserves with respect
to liabilities or assets consisting of or including Eurocurrency funds or
deposits (currently known as “Eurocurrency liabilities”), additional interest
on the unpaid principal amount of each Eurocurrency Rate Loan equal to the
actual costs of such reserves allocated to such Loan by such Lender (as
determined by such Lender in good faith, which determination shall be
conclusive), and (ii) as long as such Lender shall be required to comply
with any reserve ratio requirement or analogous requirement of any other central banking or financial
regulatory authority imposed in respect of the maintenance of the Commitments
or the funding of the Eurocurrency Rate Loans in an Alternative Currency, such
additional costs, (expressed as a percentage per annum and rounded upwards, if
necessary, to the nearest five decimal places), to the extent not reflected in
the Mandatory Cost, equal to the actual
costs allocated to such Commitment or Loan by such Lender (as determined by
such Lender in good faith, which determination shall be conclusive), which in each case shall be due and payable on each date on which interest is payable on
such Loan, provided the Borrower shall have received at least ten (10)
days’ prior notice (with a copy to the Administrative Agent) of such additional
interest or costs from such
Lender.  If a Lender fails to give notice
ten (10) days prior to the relevant Interest Payment Date, such additional interest
or costs shall be due and payable ten
(10) days from receipt of such notice.

§4.14.     Guaranties.  The payment and performance of the
Obligations shall be guaranteed by each Guarantor pursuant to the Guaranties,
each of which shall be in the form of Exhibit E
hereto.  The Borrower may cause
additional Subsidiaries of the Borrower to become Guarantors hereunder by
causing such Subsidiary or Subsidiaries to agree to be bound by the provisions
of the Guaranty, to execute and deliver a Joinder Agreement and to deliver such
legal opinions and other documents and instruments as the Administrative Agent
may request.  The Administrative Agent
and the Lenders hereby agree that they shall, upon the written request of the
Borrower and at the cost and expense of the Borrower, release any Guarantor
from its obligations to the Administrative Agent and the Lenders under the
Guaranty to which such Guarantor is a party if, and only if, (a) such Guarantor
is not a guarantor of any of the Borrower’s publicly issued notes or bonds
outstanding from time to time, (b) no Default or Event of Default shall have
occurred and be continuing on the date of such release and (c) the Borrower
shall have delivered to the Administrative Agent and the Lenders on the date of
such release a certificate signed by an authorized officer of the Borrower and
evidence satisfactory to the Administrative Agent and the Lenders showing
compliance with the provisions of clauses (a) and (b) hereof.  The Borrower shall deliver to the Lenders an
updated Schedule  2 upon the release or addition of any Guarantor
as provided in this §4.14.

 56
 

§5.          REPRESENTATIONS
AND WARRANTIES.

The
Borrower represents and warrants to the Lenders and the Administrative Agent as
follows:

§5.1.       Corporate Authority.

§5.1.1.       Incorporation; Good Standing.  The Borrower and each Guarantor (a) is a
corporation (or similar business entity) or, as the case may be, a
Massachusetts Business Trust duly organized, validly existing and in good
standing under the laws of its state of incorporation or organization, (b) has
all requisite corporate (or the equivalent company) or, as the case may be,
trust power to own its property and conduct its business as now conducted and
as presently contemplated, and (c) is in good standing as a foreign corporation
(or similar business entity) and is duly authorized to do business in each
jurisdiction where such qualification is necessary except where a failure to be
so qualified would not have a materially adverse effect on the business, assets
or financial condition of the Borrower.

§5.1.2.       Authorization.  The execution, delivery and performance of
this Credit Agreement and the other Loan Documents by the Borrower and each
Guarantor which is or is to become a party thereto, and the transactions
contemplated hereby and thereby (a) are within the corporate (or the equivalent
company) or, as the case may be, trust authority of such Person, (b) have been
duly authorized by all necessary corporate (or the equivalent company) or, as
the case may be, trust proceedings, (c) do not conflict with or result in any
breach or contravention of any provision of law, statute, rule or regulation to
which such Person is subject which would have a material adverse effect either
individually or in the aggregate on the Borrower and its Subsidiaries taken as
a whole or on the ability of such Person to fulfill its obligations under this
Credit Agreement and the other Loan Documents to which it is a party, (d) do
not conflict with or result in any breach or contravention of any judgment,
order, writ, injunction, license or permit applicable to the Borrower or any
Guarantor and (e) do not conflict with any provision of the corporate charter
or bylaws (or similar constitutive documents) or, as the case may be, the
Agreement and Declaration of Trust of, or any agreement or other instrument
binding upon, the Borrower or any Guarantor.

§5.1.3.       Enforceability.  The execution and delivery of this Credit
Agreement and the other Loan Documents to which the Borrower or any Guarantor
is or is to become a party will result in valid and legally binding obligations
of such Person enforceable against it in accordance with the respective terms
and provisions hereof and thereof, except as enforceability is limited by
bankruptcy, insolvency, reorganization, moratorium or other laws relating to or
affecting generally the enforcement of creditors’ rights and except to the
extent that availability of the remedy of specific performance or injunctive
relief is subject to the discretion of the court before which any proceeding therefor
may be brought.

§5.2.       Governmental Approvals.  The execution, delivery and performance by
the Borrower and the Guarantors of this Credit Agreement and the other Loan
Documents to which the Borrower or any Guarantor is or is to become a party and
the transactions 

 57
 

contemplated hereby and thereby do not require the
approval or consent of, or filing with, any governmental agency or authority
other than those already obtained.

§5.3.       Title to Properties;
Leases.  Except as indicated on Schedule
5.3 hereto, the Borrower and its Subsidiaries own all of the assets
reflected in the consolidated balance sheet of the Borrower as at the Balance
Sheet Date or acquired since that date (except property and assets sold or
otherwise disposed of in the ordinary course of business since that date),
subject to no rights of others, including any mortgages, leases, conditional
sales agreements, title retention agreements, liens or other encumbrances
except Permitted Liens.

§5.4.       Financial Statements;
Fiscal Year.  (a) There has been
furnished to each of the Lenders an audited consolidated balance sheet of the
Borrower and its Subsidiaries as at the Balance Sheet Date, and consolidated
statements of income and cash flow of the Borrower and its Subsidiaries for the
fiscal year then ended, certified by Ernst & Young LLP.  Such balance sheet and statements of income
and cash flows have been prepared in accordance with GAAP and fairly present
the financial condition of the Borrower and its Subsidiaries as at the close of
business on the date thereof and the results of operations for the fiscal year
then ended.  There are no contingent
liabilities of the Borrower or any of its Subsidiaries as of such date
involving material amounts, known to the officers of the Borrower, which were
not disclosed in such balance sheet and the notes related thereto.

(a)           There has been furnished to each of the Lenders an
unaudited consolidated balance sheet of the Borrower and its Subsidiaries as at
July 29, 2006, and unaudited consolidated statements of income and cash flow of
the Borrower and its Subsidiaries for the fiscal quarter then ended.  Such balance sheet and statements of income
and cash flows have been prepared in accordance with GAAP and fairly present
the financial condition of the Borrower and its Subsidiaries as at the close of
business on the date thereof and the results of operations for the fiscal
quarter then ended (subject to year-end adjustments).  There are no contingent liabilities of the Borrower
or any of its Subsidiaries as of such date involving material amounts, known to
the officers of the Borrower, which were not disclosed in such balance sheet
and the notes related thereto.

(b)           The Borrower has a fiscal year which is the 52/53 week
period ending on the Saturday closest to January 31st of each year.

§5.5.       No Material Changes, Etc.  Since the Balance Sheet Date there has
occurred no change in the operations, business, properties, assets or financial
condition of the Borrower and its Subsidiaries as shown on or reflected in the
consolidated balance sheet of the Borrower and its Subsidiaries as at the
Balance Sheet Date, or the consolidated statements of income and cash flows for
the fiscal year then ended, other than changes in the ordinary course of
business that have not had any materially adverse effect either individually or
in the aggregate on the business, assets or financial condition of the Borrower
and its Subsidiaries taken as a whole. 
Since the Balance Sheet Date, the 

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Borrower has not made any Distributions except
Distributions made in compliance with §7.4 hereof.

§5.6.       Franchises, Patents,
Copyrights, Etc.  The Borrower
and each of its Subsidiaries possesses all franchises, patents, copyrights,
trademarks, trade names, licenses and permits, and rights in respect of the
foregoing, adequate for the conduct of its business substantially as now
conducted without known conflict with any rights of others.

§5.7.       Litigation.  Except as set forth in Schedule  5.7
hereto, there are no actions, suits, proceedings or investigations of any kind
pending or, to the best of the Borrower’s knowledge, threatened against the
Borrower or any of its Subsidiaries before any court, tribunal or
administrative agency or board that, either in any case or in the aggregate,
would be reasonably likely to (i) materially adversely affect the properties,
assets, financial condition or business of the Borrower and its Subsidiaries
taken as a whole, (ii) materially impair the right of the Borrower and each of
its Subsidiaries to carry on business substantially as now conducted by it,
(iii) result in any substantial liability not adequately covered by insurance,
or for which adequate reserves are not maintained on the consolidated balance
sheet of the Borrower and its Subsidiaries or (iv) question the validity of
this Credit Agreement or any of the other Loan Documents, or any action taken
or to be taken pursuant hereto or thereto.

§5.8.       Compliance with Other
Instruments, Laws, Etc.  Neither
the Borrower nor any of its Subsidiaries is in violation of any provision of
its charter documents, bylaws (or equivalent constitutive documents), or any
agreement or instrument to which it may be subject or by which it or any of its
properties may be bound or any decree, order, judgment, statute, license, rule
or regulation, in any of the foregoing cases in a manner that could result in
the imposition of substantial penalties or materially and adversely affect the
financial condition, properties or business of the Borrower and its
Subsidiaries taken as a whole.

§5.9.       Tax Status.  The Borrower and each of its Subsidiaries (a)
has made or filed all applicable federal and state income and all other tax
returns, reports and declarations required by any jurisdiction to which it is
subject, (b) has paid all taxes and other governmental assessments and charges
shown or determined to be due on such returns, reports and declarations, except
those being contested in good faith and by appropriate proceedings and (c) has
set aside on its books provisions reasonably adequate for the payment of all
taxes for periods subsequent to the periods to which such returns, reports or
declarations apply.  Except as set forth
on Schedule  5.9 attached hereto, there are no unpaid taxes in any
material amount claimed to be due by the taxing authority of any jurisdiction,
and the officers of the Borrower know of no basis for any such claim.

§5.10.     No Event of Default.  No Default or Event of Default has occurred
and is continuing.

 59

§5.11.     Holding Company and
Investment Company Acts.  Neither
the Borrower nor any of its Subsidiaries is a “holding
company”, or a “subsidiary company” of
a “holding company”, or an “affiliate” of a “holding company”, as such terms are defined in the Public Utility
Holding Company Act of 1935; nor is such Person an “investment company”, or a “principal
underwriter” of an “investment company”, or a company controlled
by an “investment company”, as such terms
are defined in the Investment Company Act of 1940.

§5.12.     Employee Benefit Plans.

§5.12.1.     In General.  Each Employee Benefit Plan has been
maintained and operated in compliance in all material respects with the
provisions of ERISA, all Applicable Pension Legislation, and, to the extent
applicable, the Code, including but not limited to the provisions thereunder
respecting the bonding of fiduciaries and other persons handling plan funds as
required by §412 of ERISA.  No prohibited
transaction has occurred that would result in material liability for the Borrower
or any of its Subsidiaries.

§5.12.2.     Terminability of Welfare
Plans.  No Employee Benefit Plan
which is an employee welfare benefit plan within the meaning of §3(1) or
§3(2)(B) of ERISA provides benefit coverage subsequent to termination except as
required by Title I, Subtitle B, Part 6 of ERISA or applicable state law. The
Borrower may terminate each such Plan at any time (or at any time subsequent to
the expiration of any applicable bargaining agreement) in the discretion of the
Borrower without liability to any Person other than for claims arising or
benefits accruing prior to termination.

§5.12.3.     Guaranteed Pension Plans.  Each contribution required to be made to a
Guaranteed Pension Plan, whether required to be made to avoid the incurrence of
an accumulated funding deficiency, the notice or lien provisions of §302(f) of
ERISA, or otherwise, has been timely made. 
No waiver of an accumulated funding deficiency or extension of
amortization periods has been received with respect to any Guaranteed Pension
Plan, and neither the Borrower nor any ERISA Affiliate is obligated to or has
posted security in connection with an amendment to a Guaranteed Pension Plan
pursuant to §307 of ERISA or §401(a)(29) of the Code.  No liability to the PBGC (other than required
insurance premiums, all of which have been paid) has been incurred by the
Borrower or any ERISA Affiliate with respect to any Guaranteed Pension Plan and
there has not been any ERISA Reportable Event, or any other event or condition
which presents a material risk of termination of any Guaranteed Pension Plan by
the PBGC. Based on the latest valuation of each Guaranteed Pension Plan (which
in each case occurred within twelve months of the date of this representation),
and on the actuarial methods and assumptions employed for that valuation,
except as set forth on Schedule 5.12
attached hereto, the aggregate benefit liabilities of all such Guaranteed
Pension Plans within the meaning of §4001 of ERISA did not exceed the aggregate
value of the assets of all such Guaranteed Pension Plans, disregarding for this
purpose the benefit liabilities and assets of any Guaranteed Pension Plan with
assets in excess of benefit liabilities.

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§5.12.4.     Multiemployer Plans.  Neither the Borrower nor any ERISA Affiliate
has incurred any material liability (including secondary liability) to any
Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan under §4201 of ERISA or as a result of a sale of assets
described in §4204 of ERISA.  Neither the
Borrower nor any ERISA Affiliate has been notified that any Multiemployer Plan
is in reorganization or insolvent under and within the meaning of §4241 or
§4245 of ERISA or is at risk of entering reorganization or becoming insolvent,
or that any Multiemployer Plan intends to terminate or has been terminated
under §4041A of ERISA.

§5.13.     Regulations U and X, Etc.  The proceeds of the Revolving Credit Loans
shall be used for the purposes described in §6.12 hereof.  No portion of any Revolving Credit Loan is to
be used for the purpose of purchasing or carrying any “margin security” or “margin stock”
(as such terms are used in Regulations U and X of the Board of Governors of the
Federal Reserve System, 12 C.F.R. Parts 221 and 224 (the “Margin Regulations”)) in violation of the Margin Regulations.

§5.14.     Environmental Compliance.  The Borrower has taken all reasonably
necessary steps to investigate the past and present condition and usage of the
Real Estate and the operations conducted thereon and, based upon such diligent
investigation, has determined that:

(a)           none of the Borrower, its Subsidiaries nor any
operator of the Real Estate or any operations thereon is in violation, or
alleged violation, of any Environmental Laws, which violation would have a material
adverse effect on the business, assets or financial condition of the Borrower
and its Subsidiaries taken as a whole;

(b)           neither the Borrower nor any of its Subsidiaries has
received any Environmental Notice during the last five (5) years that has the
potential to materially affect the assets, liabilities, financial condition or
operations of the Borrower and its Subsidiaries taken as a whole, except as set
forth on Schedule 5.14 hereto;

(c)           except as set forth on Schedule  5.14
attached hereto: (i) no portion of the Real Estate has been used for the
handling, processing, storage or disposal of Hazardous Substances; and no
underground tank or other underground storage receptacle for Hazardous
Substances is located on any portion of the Real Estate; in each case except in
accordance with applicable Environmental Laws the noncompliance with which
would have a material adverse effect on the business, assets or financial
condition of the Borrower and its Subsidiaries, taken as a whole; (ii) in the
course of any activities conducted by the Borrower or operators of its
properties, no Hazardous Substances have been generated or are being used on
the Real Estate except in accordance with applicable Environmental Laws the
noncompliance with which would have a material adverse effect on the business,
assets or financial condition of the Borrower and its Subsidiaries, taken as a
whole; (iii) there have been no releases or threatened releases of Hazardous
Substances on, upon, into or from the properties of the Borrower or any of its 

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Subsidiaries, which
releases would have a material adverse effect on the business, assets or
financial condition of the Borrower and its Subsidiaries, taken as a whole;
(iv) to the best of the Borrower’s knowledge, there have been no releases on,
upon, from or into any real property in the vicinity of any of the Real Estate
which, through soil or groundwater contamination, may have come to be located
on the Real Estate and which would have a material adverse effect on the
Borrower and its Subsidiaries, taken as a whole; and (v) in addition, any
Hazardous Substances that have been generated on any of the Real Estate have,
to the best of the Borrower’s knowledge, been transported offsite only as
required under and in compliance with applicable Environmental Laws.

§5.15.      Foreign Assets Control Regulations, Etc.  None of the requesting or borrowing of the
Loans, the requesting or issuance, extension or renewal of any Letters of
Credit or the use of the proceeds of any thereof will violate the Trading With
the Enemy Act (50 U.S.C. § 1 et seq., as amended) (the “Trading With the Enemy Act”) or any of the foreign assets control
regulations of the United States Treasury Department (31 CFR, Subtitle B,
Chapter V, as amended) (the “Foreign Assets
Control Regulations”) or any enabling legislation or executive order
relating thereto (which for the avoidance of doubt shall include, but shall not
be limited to (a) Executive Order 13224 of September 21, 2001 Blocking Property
and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or
Support Terrorism (66 Fed. Reg. 49079 (2001)) (the “Executive Order”) and (b) the Uniting and Strengthening America by
Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of
2001 (Public Law 107-56)).  Furthermore,
neither the Borrower nor any of its Subsidiaries or, to Borrower’s knowledge,
other Affiliates (a) is or will become a “blocked person” as described in the
Executive Order, the Trading With the Enemy Act or the Foreign Assets Control
Regulations or (b) engages or will engage in any dealings or transactions, or
be otherwise associated, with any such “blocked person”.

§5.16.     Subsidiaries, Etc.  As of the Closing Date, other than those
Subsidiaries of the Borrower described on Schedule
5.16(a) attached hereto, the Borrower has no other Subsidiaries.  As of the Closing Date, except as set forth
on Schedule  5.16(b) attached hereto, neither the Borrower nor any
Subsidiary of the Borrower is engaged in any joint venture or partnership with
any other Person.  As of the Closing
Date, except as set forth on Schedule 5.16(c)
attached hereto, neither the Borrower nor any Subsidiary of the Borrower owns
or has acquired an equity interest of fifty percent (50%) or less in any other
Person.  The Borrower hereby agrees to
deliver to the Lenders an updated Schedule 5.16(a), Schedule  5.16(b)
or Schedule 5.16(c), as applicable, upon
the acquisition or formation by the Borrower of any Subsidiary, the formation
of any joint venture or partnership by the Borrower or any of its Subsidiaries
with any other Person or the acquisition by the Borrower or any of its
Subsidiaries of an equity interest of fifty percent (50%) or less in any other
Person, in each case in accordance with the provisions of this Credit
Agreement.

§5.17.     Taxpayer Identification Numbers.  The true and correct U.S. taxpayer
identification number of the Borrower and each Guarantor is set forth on Schedule
5.17.

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§6.          AFFIRMATIVE
COVENANTS OF THE BORROWER.

The Borrower covenants and agrees that, so long as any
Loan or Letter of Credit is outstanding or any Lender has any obligation to
make any Loans or the Issuing Bank has any obligation to issue, extend or renew
any Letters of Credit:

§6.1.       Punctual Payment.  The Borrower will duly and punctually pay or
cause to be paid the principal and interest on the Loans, the Facility Fee, the
Utilization Fee, the Letter of Credit Fees, the Administrative Agent Fees, all
other fees and other amounts provided for in this Credit Agreement and the
other Loan Documents to which the Borrower is a party, all in accordance with
the terms of this Credit Agreement and such other Loan Documents.

§6.2.       Maintenance of Office.  The Borrower will maintain its chief
executive office in Framingham, Massachusetts, or at such other place in the
United States of America as the Borrower shall designate upon written notice to
the Administrative Agent, where notices, presentations and demands to or upon
the Borrower in respect of the Loan Documents to which the Borrower is a party
may be given or made.

§6.3.       Records and Accounts.  The Borrower will (a) keep, and cause each of
its Subsidiaries to keep, true and accurate records and books of account in
which full, true and correct entries will be made in accordance with GAAP and (b)
maintain adequate accounts and reserves for all taxes, depreciation, depletion,
obsolescence and amortization of its properties and the properties of its
Subsidiaries, contingencies, and other reserves.

§6.4.       Financial Statements,
Certificates and Information. 
The Borrower will deliver to the Administrative Agent (and the
Administrative Agent will promptly, after receipt thereof, deliver to the
Lenders):

(a)           as soon as practicable, but in any event not later
than ninety (90) days after the end of each fiscal year of the Borrower, (i)
the consolidated balance sheet of the Borrower and its Subsidiaries as at the
end of such year, and the related consolidated statement of income and
consolidated statement of cash flow for such year, each setting forth in comparative
form the figures for the previous fiscal year and all such consolidated
statements to be in reasonable detail, prepared in accordance with GAAP, and
certified without qualification by Ernst & Young LLP, any nationally
recognized firm of independent certified public accountants or by other
independent certified public accountants reasonably satisfactory to the
Administrative Agent and (ii) a statement certified by the chief financial
officer or the treasurer of the Borrower in substantially the form of Exhibit F
attached hereto (a “Compliance Certificate”)
and setting forth in reasonable detail computations evidencing compliance with
the covenants contained in §8 hereof and (if applicable) reconciliations to
reflect changes in GAAP since the Balance Sheet Date;

(b)           as soon as practicable, but in any event not later
than forty-five (45) days after the end of each of the first three fiscal
quarters of each fiscal year of the 

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Borrower, (i) copies of
the unaudited consolidated balance sheet of the Borrower and its Subsidiaries
as at the end of such quarter, and the related consolidated statement of income
and consolidated statement of cash flow for the portion of the Borrower’s
fiscal year then elapsed, all in reasonable detail and prepared in accordance
with GAAP, together with a certification by the chief financial officer or the
treasurer of the Borrower that to the best of the Borrower’s knowledge, the
information contained in such financial statements fairly presents the
financial position of the Borrower and its Subsidiaries on the date thereof
(subject to year-end adjustments) and (ii) a Compliance Certificate as of such
fiscal quarter end;

(c)           from time to time such other financial data and
information as the Administrative Agent or any Lender may reasonably request;

(d)           (i) promptly upon becoming aware of the occurrence of
any actual or claimed “Event of Termination”
or similar event under and as defined in any of the documents relating to any
receivables securitization transaction or other financing of any special
purpose receivables Subsidiary of the Borrower, entered into or guaranteed by
the Borrower and/or any of its Subsidiaries and then in effect, notice thereof,
which notice shall describe such Event of Termination or similar event and indicate
what steps the Borrower and its Subsidiaries are taking to remedy the same and
(ii) promptly upon request therefor, such other information with respect
thereto as the Administrative Agent shall reasonably request; and

(e)           promptly after the same are available, copies of each
annual report, proxy or financial statement or other report or communication
sent to the stockholders of the Borrower, and copies of all annual, regular,
periodic and special reports and registration statements which the Borrower may
file or be required to file with the Securities Exchange Commission 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.

All Confidential Information concerning the Borrower
supplied by the Borrower to the Lenders pursuant to the terms hereof will be
held in confidence by the Lenders and the Lenders shall not disclose such
Confidential Information except as permitted by §25 of this Credit Agreement.

Documents required to be
delivered pursuant to this §6.4 (to the extent any such documents are included
in materials otherwise filed with the United States Securities and Exchange
Commission) may be delivered electronically and if so delivered, shall be deemed
to have been delivered on the date (i) on which the Borrower posts such
documents, or provides a link thereto on the Borrower’s website on the Internet
at staples.com; or (ii) on which such documents are posted on the Borrower’s
behalf on an Internet or intranet website, if any, to which each Lender, the
Issuing Bank and the Administrative Agent has access (whether a commercial,
third-party website or whether sponsored by the Administrative Agent); provided
that: (i) the Borrower shall deliver paper copies of such documents to the
Administrative Agent, the Issuing Bank or any 

 64
 

Lender
that requests in writing that the Borrower deliver such paper copies until a
written request to cease delivering paper copies is given by the Administrative
Agent, the Issuing Bank or such Lender and (ii) the Borrower shall notify the
Administrative Agent (by telecopier or electronic mail) 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.  Notwithstanding anything contained herein, in
every instance the Borrower shall be required to provide paper copies of the
Compliance Certificates required by §§6.4(a) and (b) to the Administrative Agent.  Except for such Compliance Certificates, 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 the Borrower with any such request
for delivery, and each Lender and the Issuing Bank shall be solely responsible
for requesting delivery to it or maintaining its copies of such documents.

The Borrower hereby
acknowledges that (i) the Administrative Agent and/or the Arranger will make
available to the Lenders and the Issuing Bank materials and/or information
provided by or on behalf of the Borrower hereunder (collectively, “Borrower
Materials”) by posting the Borrower Materials on IntraLinks or another
similar electronic system (the “Platform”) and (ii) certain of the
Lenders may be “public-side” Lenders (i.e.,
Lenders that do not wish to receive material non-public information with
respect to the Borrower or its securities) (each, a “Public  Lender”).  The Borrower hereby agrees that (A) all
Borrower Materials that are to be made available to Public Lenders shall be
clearly and conspicuously marked “PUBLIC” by the Borrower which, at a minimum,
shall mean that the word “PUBLIC” shall appear prominently on the first page
thereof; (B) by marking Borrower Materials “PUBLIC,” the Borrower shall be
deemed to have authorized the Administrative Agent, the Arranger, the Issuing
Bank and the Lenders to treat such Borrower Materials as not containing any
material non-public information with respect to the Borrower or its securities
for purposes of United States Federal and state securities laws (provided,
however, (x) to the extent such Borrower Materials constitute Confidential
Information, they shall be treated as set forth in §25 and (y) to the extent
such Borrower Materials are not marked “PUBLIC” and posted on the Platform,
such Borrower Materials will also be subject to the additional confidentiality
provisions included on the Platform); (C) all Borrower Materials marked “PUBLIC”
are permitted to be made available through a portion of the Platform designated
“Public Investor;” and (D) the Administrative Agent and the Arranger shall be
entitled to treat any Borrower Materials that are not marked “PUBLIC” as being
suitable only for posting on a portion of the Platform not designated “Public
Investor” and the Administrative Agent, the Issuing Bank and the Lenders agree
not to trade securities on the basis of any Borrower Materials that are posted
on the Platform and are not marked “PUBLIC.” 
Notwithstanding the foregoing, the Borrower shall be under no obligation
to mark any Borrower Materials “PUBLIC.”

§6.5.       Notices.  The Borrower will promptly notify the
Administrative Agent for the benefit of the Lenders in writing of the
occurrence of any Default or Event of Default. 
The Borrower will promptly give notice to the Administrative Agent for
the benefit of the Lenders (a) of any material violation of any Environmental
Law that the Borrower or any 

 65
 

of its Subsidiaries reports in writing or is
reportable by such Person in writing (or for which any written report
supplemental to any oral report is made) to any federal, state or local
environmental agency, (b) upon becoming aware thereof, of any inquiry,
proceeding, investigation, or other action, including a notice from any agency
of potential environmental liability, or any federal, state or local
environmental agency or board, that has the potential to materially affect the
assets, liabilities, financial conditions or operations of the Borrower, (c)
upon becoming aware thereof, of any inquiry, proceeding, investigation, or
other action, including a notice from any agency of potential ERISA liability,
that has the potential to materially affect the assets, liabilities, financial
conditions or operations of the Borrower and (d) of any material change in
accounting policies or financial reporting practices by the Borrower or any
Subsidiary of the Borrower.  The Borrower
will give notice to the Administrative Agent for the benefit of the Lenders in
writing within fifteen (15) days of becoming aware of any litigation or
proceedings threatened in writing or any pending litigation and proceedings
affecting the Borrower or any of its Subsidiaries or to which the Borrower or
any of its Subsidiaries is or becomes a party involving an uninsured claim
against the Borrower or any of its Subsidiaries that could reasonably be
expected to have a materially adverse effect on the Borrower and its
Subsidiaries taken as a whole and stating the nature and status of such
litigation or proceedings.  The Borrower
will, and will cause each of its Subsidiaries to, give notice to the
Administrative Agent for the benefit of the Lenders, in writing, in form and
detail satisfactory to the Administrative Agent, within ten (10) days of any
judgment not covered by insurance, final or otherwise, against the Borrower or
any of its Subsidiaries in an amount in excess of $25,000,000.

§6.6.       Legal Existence;
Maintenance of Properties.  The
Borrower will do or cause to be done all things necessary to preserve and keep
in full force and effect its legal existence, rights and franchises and those
of its Subsidiaries and will not, and will not cause or permit any of the
Guarantors to, convert to a limited liability company or a limited liability
partnership unless simultaneously with such conversion the Borrower or such
Guarantor shall have executed and delivered to the Administrative Agent all
documentation which the Administrative Agent reasonably determines is necessary
to continue the Borrower’s or such Guarantor’s obligations in respect of this
Credit Agreement or the Guaranty, as applicable.  It (a) will cause all of its properties and
those of its Subsidiaries used or useful in the conduct of its business or the
business of its Subsidiaries to be maintained and kept in good condition,
repair and working order and supplied with all necessary equipment, (b) will
cause to be made all necessary repairs, renewals, replacements, betterments and
improvements thereof, all as in the judgment of the Borrower may be necessary so
that the business carried on in connection therewith may be properly and
advantageously conducted at all times, and (c) will, and will cause each of its
Subsidiaries to, continue to engage primarily in the businesses now conducted
by them and in related businesses; provided that nothing in this §6.6 shall
prevent the Borrower from discontinuing the operation and maintenance of any of
its properties or any of those of its Subsidiaries if such discontinuance is,
in the judgment of the Borrower, desirable in the conduct of its or their
business and does not in the aggregate materially adversely affect the business
of the Borrower and its Subsidiaries on a consolidated basis.

 66
 

§6.7.       Insurance.  The Borrower will, and will cause each of its
Subsidiaries to, maintain with financially sound and reputable insurers
insurance with respect to its properties and business against such casualties
and contingencies as shall be in accordance with the general practices of
businesses engaged in similar activities in similar geographic areas and in
amounts, containing such terms, in such forms and for such periods as may be
reasonable and prudent.  At the request
of the Administrative Agent, the Borrower shall deliver from time to time a
summary schedule indicating all insurance then in force with respect to the
Borrower and its Subsidiaries.

§6.8.       Taxes.  The Borrower will, and will cause each of its
Subsidiaries to, duly pay and discharge, or cause to be paid and discharged,
before the same shall become overdue, all taxes, assessments and other
governmental charges imposed upon it and its real properties, sales and
activities, or any part thereof, or upon the income or profits therefrom, as
well as all claims for labor, materials, or supplies that if unpaid might by
law become a lien or charge upon any of its property; provided that any such
tax, assessment, charge, levy or claim need not be paid if the validity or
amount thereof shall currently be contested in good faith by appropriate
proceedings and if the Borrower or such Subsidiary shall have set aside on its
books adequate reserves with respect thereto; and provided further that the
Borrower and each Subsidiary of the Borrower will pay all such taxes,
assessments, charges, levies or claims forthwith upon the commencement of
proceedings to foreclose any lien that may have attached as security therefor
or shall have obtained such bonding as may be required to release such lien.

§6.9.       Inspection of Properties
and Books, Etc.  The Borrower
shall permit the Lenders, through the Administrative Agent or any of the
Lenders’ other designated representatives, no more frequently than once each
calendar year, or more frequently as determined by the Lenders upon the
occurrence and during the continuance of an Event of Default, to visit and
inspect any of the properties of the Borrower or any of its Subsidiaries, and
each such inspection, if no Event of Default has occurred and is continuing,
shall be at the Lenders’ expense.  The
Borrower shall also permit the Lenders, through the Administrative Agent or any
of the Lenders’ other designated representatives, to examine the books of
account of the Borrower and its Subsidiaries (and to make copies thereof and
extracts therefrom), and to discuss the affairs, finances and accounts of the
Borrower and its Subsidiaries with, and to be advised as to the same by, its
and their officers, all at such reasonable times and intervals as the
Administrative Agent or any Lender may reasonably request.  The Borrower authorizes the Administrative
Agent and, if accompanied by the Administrative Agent, the Lenders to
communicate directly with the Borrower’s independent certified public
accountants and authorizes such accountants to disclose to the Administrative
Agent and the Lenders any and all financial statements and other supporting
financial documents and schedules with respect to the business, financial
condition and other affairs of the Borrower or any of its Subsidiaries.

§6.10.     Compliance with Laws,
Contracts, Licenses, and Permits. 
The Borrower will, and will cause each of its Subsidiaries to, comply
with (a) the applicable laws and regulations wherever its business is
conducted, including all Environmental 

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Laws, (b) the provisions of its charter documents and
by-laws (or equivalent constitutive documents), (c) all agreements and
instruments by which it or any of its properties may be bound and (d) all
applicable decrees, orders, and judgments, in each case if noncompliance with
which would have a material adverse effect on the business, assets or financial
condition of the Borrower and its Subsidiaries, taken as a whole, or on the
ability of the Borrower or any of the Guarantors to fulfill its obligations
under this Credit Agreement or any of the other Loan Documents to which such
Person is a party.  If any authorization,
consent, approval, permit or license from any officer, agency or
instrumentality of any government shall become necessary or required in order
that the Borrower may fulfill any of its obligations hereunder or any of the
other Loan Documents to which the Borrower is a party, the Borrower will, or
(as the case may be) will cause such Subsidiary to, immediately take or cause
to be taken all reasonable steps within the power of the Borrower or such
Subsidiary to obtain such authorization, consent, approval, permit or license
and furnish the Administrative Agent and the Lenders with evidence thereof.

§6.11.     Employee Benefit Plans.  The Borrower will (a) promptly upon request
of the Administrative Agent, furnish to the Administrative Agent a copy of the
most recent actuarial statement required to be submitted under §103(d) of ERISA
and Annual Report, Form 5500, with all required attachments, in respect of each
Guaranteed Pension Plan and (b) promptly upon receipt or dispatch, furnish to
the Administrative Agent any notice, report or demand sent or received in
respect of a Guaranteed Pension Plan under §§302, 4041, 4042, 4043, 4063, 4065,
4066 and 4068 of ERISA, or in respect of a Multiemployer Plan, under §§4041A,
4202, 4219, 4242, or 4245 of ERISA.

§6.12.     Use of Proceeds.  The Borrower will use the proceeds of the
Revolving Credit Loans and the Letters of Credit solely for the repayment of
all amounts under the Existing Credit Agreement and other existing Indebtedness
(unless repayment or prepayment thereof is otherwise prohibited hereunder), and
for working capital and capital expenditures and all other lawful corporate
purposes, including, without limitation, for the payment of dividends permitted
hereunder and for the acquisition of assets and or Capital Stock of Persons in
the same line of business as the Borrower or any Subsidiary of the Borrower and
for share repurchases, in each case, to the extent permitted under this Credit
Agreement.

§6.13.     Licenses and Permits.  The Borrower will maintain and renew any and
all licenses or permits now held or hereafter acquired by the Borrower or any
of its Subsidiaries unless the loss, suspension, revocation or failure to renew
any such licenses or permits would not have a material adverse effect on the
business or financial condition of the Borrower and such Subsidiary.

§6.14.     Guaranties.  In the event that any Subsidiary of the
Borrower, which is not a Guarantor hereunder, becomes a guarantor of any of the
Borrower’s publicly issued notes or bonds outstanding from time to time, the
Borrower shall cause such Subsidiary to become a Guarantor hereunder pursuant
to §4.14.

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§6.15.     Further Assurances.  The Borrower will, and will cause each of the
Guarantors to, cooperate with the Lenders and the Administrative Agent and
execute such further instruments and documents as the Lenders or the
Administrative Agent shall reasonably request to carry out to their
satisfaction the transactions contemplated by this Credit Agreement and the
other Loan Documents.

§7.          CERTAIN
NEGATIVE COVENANTS OF THE BORROWER.

The
Borrower covenants and agrees that, so long as any Loan or Letter of Credit is
outstanding or any Lender has any obligation to make any Loans or the Issuing
Bank has any obligation to issue, extend or renew any Letter of Credit:

§7.1.       Restrictions on
Indebtedness.  The Borrower will
not, and will not permit any of its Subsidiaries to, create, incur, assume,
guarantee or become or remain liable, contingently or otherwise, with respect
to Indebtedness other than:

(a)           Indebtedness to the Lenders and the Administrative
Agent arising under any of the Loan Documents;

(b)           current liabilities of the Borrower or such Subsidiary
incurred in the ordinary course of business not incurred through (i) the
borrowing of money, or (ii) the obtaining of credit except for credit on an
open account basis customarily extended and in fact extended in connection with
normal purchases of goods and services;

(c)           Indebtedness in respect of taxes, assessments,
governmental charges or levies and claims for labor, materials and supplies to
the extent that payment therefor shall not at the time be required to be made
in accordance with the provisions of §6.8 hereof;

(d)           Indebtedness in respect of judgments or awards that
have been in force for less than the applicable period for taking an appeal so
long as execution is not levied thereunder or in respect of which the Borrower
or such Subsidiary shall at the time in good faith be prosecuting an appeal or
proceedings for review and in respect of which a stay of execution shall have
been obtained pending such appeal or review;

(e)           endorsements for collection, deposit or negotiation
and warranties of products or services, in each case incurred in the ordinary
course of business;

(f)            Indebtedness in respect of documentary letters of
credit issued in the ordinary course of business;

(g)           Indebtedness of the Borrower in respect of interest
rate protection arrangements and exchange rate protection arrangements;

(h)           Indebtedness existing on the Closing Date and listed
and described on Schedule 7.1 hereto or any refinancing
thereof on substantially similar terms as the Indebtedness being refinanced;

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(i)            Subordinated Debt;

(j)            obligations under Capitalized Leases;

(k)           Indebtedness in respect of intercompany loans,
guaranties and, so long as no Default or Event of Default shall have occurred
and be continuing at the time such Indebtedness is incurred, other Investments
and contingent obligations to make Investments, (i) from the Borrower to any of
its Subsidiaries or of any of its Subsidiaries’ obligations or (ii) between
Subsidiaries of the Borrower or of any of the Borrower’s Subsidiaries’
obligations, or (iii) from any Subsidiary of the Borrower to the Borrower or of
any of the Borrower’s obligations;

(l)            Indebtedness incurred in connection with the
acquisition after the Closing Date of any real or personal property by the
Borrower or any Subsidiary of the Borrower as contemplated by §7.2(ix) hereof;

(m)          Indebtedness secured by a lien on Real Estate of the
Borrower or its Subsidiaries; provided that the aggregate amount of
Indebtedness permitted pursuant to this §7.1(m) shall not, at any time, exceed
the fair market value of the Real Estate securing such Indebtedness;

(n)           other Indebtedness of the Borrower and its
Subsidiaries (whether or not such Subsidiaries are Guarantors), provided that (i) with respect to Indebtedness
incurred by the Borrower or a Guarantor, such Indebtedness contains covenants
that are no more restrictive on the Borrower or such Guarantor than the
covenants contained in this Credit Agreement and (ii) immediately after such
incurrence of Indebtedness, and after giving effect thereto on a pro forma basis, no Default or Event of Default shall then
exist;

(o)           Indebtedness consisting of Investments permitted under
§7.3(m) hereof;

(p)           Indebtedness payable at the election of the Borrower
by the issuance of the Borrower’s capital stock; and

(q)           Indebtedness of the
Borrower and its Subsidiaries in respect of receivables securitization
transactions or other financing of any special purpose receivables Subsidiary
of the Borrower, entered into or guaranteed by the Borrower and/or any of its
Subsidiaries; provided that, the aggregate amount of all such
Indebtedness shall not exceed $300,000,000 outstanding at any time.

Notwithstanding the
foregoing, at no time shall the aggregate amount of Indebtedness of the
Borrower and its Subsidiaries consisting of guaranties and other Contingent
Liabilities (excluding (i) Indebtedness permitted pursuant to §7.1 to the extent
such Indebtedness (or if such Indebtedness is a Contingent Liability of the
Borrower and/or its Subsidiaries, the underlying Indebtedness relating to such
Contingent Liability) is included in the calculation of Consolidated Total
Funded Debt and (ii) obligations in 

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respect of documentary
letters of credit) exceed, in the aggregate, 15% of the Stockholders’ Equity of
the Borrower at such time.  For purposes
of this Section, the amount of Contingent Liabilities in respect of interest
rate protection arrangements and exchange rate protection arrangements
permitted under §7.1(g) at any time shall be the net liability of the Borrower
and its Subsidiaries under such arrangements at such time, calculated on a
basis satisfactory to the Administrative Agent in accordance with accepted
practice.

§7.2.       Restrictions on Liens.  The Borrower will not, and will not permit
any of its Subsidiaries to, (a) create or incur or suffer to be created or
incurred or to exist any lien, encumbrance, mortgage, pledge, charge, restriction
or other security interest of any kind upon any of its property or assets of
any character whether now owned or hereafter acquired, or upon the income or
profits therefrom; (b) transfer any of such property or assets or the income or
profits therefrom for the purpose of subjecting the same to the payment of
Indebtedness or performance of any other obligation in priority to payment of
its general creditors; (c) acquire, or agree or have an option to acquire, any
property or assets upon conditional sale or other title retention or purchase
money security agreement, device or arrangement; (d) suffer to exist for a
period of more than thirty (30) days after the same shall have been incurred
any Indebtedness or claim or demand against it that if unpaid might by law or
upon bankruptcy or insolvency under the laws of the United States of America or
any state thereof, or otherwise, be given any priority whatsoever over its
general creditors; or (e) sell, assign, pledge or otherwise transfer any
accounts, contract rights, general intangibles, chattel paper or instruments,
with or without recourse; provided that the Borrower and any Subsidiary of the
Borrower may create or incur or suffer to be created or incurred or to exist:

(i)            liens in favor of the Borrower on all or part of the
assets of Subsidiaries of the Borrower securing Indebtedness owing by
Subsidiaries of the Borrower to the Borrower;

(ii)           liens to secure taxes, assessments and other
government charges and liens to secure claims for labor, material or supplies,
in each case in respect of obligations not overdue or which are being contested
in good faith and by appropriate proceedings and for which the Borrower or such
Subsidiary has set aside on its books adequate reserves with respect thereto;

(iii)          deposits or pledges made in connection with, or to
secure payment of, worker’s compensation, unemployment insurance, old age
pensions or other social security obligations;

(iv)          liens in respect of judgments or awards that have been
in force for less than the applicable period for taking an appeal so long as
execution is not levied thereunder or in respect of which the Borrower or such
Subsidiary is at the time in good faith prosecuting an appeal and in respect of
which a stay of execution shall have been obtained pending such appeal or shall
have obtained an unsecured bond sufficient to release such lien;

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(v)           liens of carriers, warehousemen, mechanics and
materialmen, and other like liens, in respect of obligations not overdue or, if
such obligations are overdue, being contested in good faith by appropriate
proceedings and for which the Borrower or such Subsidiary shall have set aside
on its books adequate reserves with respect thereto, provided that no
proceeding to foreclose any such lien shall have been commenced;

(vi)          encumbrances on Real Estate consisting of easements,
rights of way, zoning restrictions, restrictions on the use of real property
and defects and irregularities in the title thereto, landlord’s or lessor’s
liens under Capitalized Leases to which the Borrower or a Subsidiary of the
Borrower is a party, and other minor liens or encumbrances none of which in the
opinion of the Borrower interferes materially with the use of the property
affected in the ordinary conduct of the business of the Borrower and its
Subsidiaries, which defects do not individually or in the aggregate have a
materially adverse effect on the business of the Borrower individually or of
the Borrower and its Subsidiaries on a consolidated basis;

(vii)         liens existing on the Closing Date and listed on Schedule
7.2 attached hereto or liens on the same assets in connection with the
refinancing of such existing liens;

(viii)        liens arising in the ordinary course of business of
the Borrower or a Subsidiary of the Borrower none of which in the opinion of
the Borrower interferes materially with the use of the property affected in the
ordinary course of business of the Borrower and its Subsidiaries and which do
not, individually or in the aggregate, have a materially adverse effect on the
business of the Borrower or such Subsidiary individually or of the Borrower and
its Subsidiaries on a consolidated basis;

(ix)           purchase money security interests in or purchase money
mortgages on real or personal property acquired after the Closing Date to
secure purchase money Indebtedness of the type permitted by §7.1(l) hereof,
incurred in connection with the acquisition of such property, which security
interests or mortgages cover only the real or personal property so acquired;

(x)            liens on accounts receivable of the Borrower and/or
its Subsidiaries that are the subject of and secure the Indebtedness permitted
under §7.1(q);

(xi)           liens securing other permitted Indebtedness that does
not exceed $50,000,000 in the aggregate;

(xii)          liens in respect of the interests of lessors under
Capitalized Leases; and

(xiii)         liens on Real Estate securing Indebtedness permitted
under §7.1(m) hereof.

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§7.3.       Restrictions on
Investments.  The Borrower will
not, and will not permit any of its Subsidiaries to, make or permit to exist or
to remain outstanding any Investment except Investments in:

(a)           marketable direct or guaranteed obligations of the
United States of America or any country which is a member of the OECD;

(b)           demand deposits, certificates of deposit, bankers
acceptances and time deposits of (i) United States or Canadian banks having
total assets in excess of $1,000,000,000 or (ii) a commercial bank organized
under the laws of any other country which is a member of the Organization for
Economic Cooperation and Development (the “OECD”),
or a political subdivision of such country, and having total assets in excess
of $1,000,000,000, provided that such bank is acting through a branch or agency
located in the country in which its is organized or another country which is a
member of the OECD;

(c)           (i) securities commonly known as “commercial paper”
denominated in Dollars or any Alternative Currency which at the time of
purchase have been rated and the ratings for which are not less than “P 1”
if rated by Moody’s, and not less than “A 1” if rated by S&P; and (ii)
securities commonly known as “short-term bank notes” issued by any Lender
denominated in Dollars or any Alternative Currency which at the time of
purchase have been rated and the ratings for which are not less than “P 2”
if rated by Moody’s, and not less than “A 2” if rated by S&P;

(d)           Investments existing on the Closing Date and listed on
Schedule 7.3 attached hereto;

(e)           Investments with respect to Indebtedness permitted by
§7.1(k) hereof so long as such entities remain Subsidiaries of the Borrower;

(f)            taxable or tax-exempt securities which at the time of
purchase have been rated and the ratings for which are not less than A 3
if rated by Moody’s, and not less than A- if rated by S&P;

(g)           Investments consisting of loans and advances to
employees of the Borrower or any Subsidiary of the Borrower, not exceeding
$10,000,000 in the aggregate at any one time outstanding;

(h)           options to invest in or to lease real property to be
used in the operations of the Borrower or any Subsidiary of the Borrower;

(i)            guaranties by endorsement of negotiable instruments
for deposit or collection or similar transactions effected in the ordinary
course of business;

(j)            (i) the Borrower’s or any Subsidiary’s guaranty of the
Indebtedness of any Subsidiary or the Borrower, and (ii) any other Investments
by the Borrower or any Subsidiary of the Borrower in any Subsidiary of the
Borrower or the Borrower;

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(k)           Investments by the Borrower or any Subsidiary of the
Borrower to acquire a more than fifty percent (50%) equity interest in any
Person, provided that such acquisition is permitted under §7.6 hereof;

(l)            Investments by the Borrower or any Subsidiary of the
Borrower to acquire up to a fifty percent (50%) equity interest in another
Person, provided that (i) such Person is in the same line of business as the
Borrower or such Subsidiary, as applicable and (ii) the aggregate amount of (A)
such Investments in such Person and (B) existing Investments made by the
Borrower or any Subsidiary of the Borrower pursuant to this §7.3(l) shall at no
time exceed 65% of the Stockholders’ Equity of the Borrower;

(m)          Investments consisting of Distributions permitted by
§7.4;

(n)           Investments consisting
of loans and advances to, guaranties of the obligations of and equity
Investments in, Persons in a related line of business as the Borrower, not
exceeding $25,000,000 in the aggregate at any one time outstanding;

(o)           shares of money market
mutual or similar funds which invest exclusively in assets satisfying the
requirements of clauses (a) (b), (c) and (f) contained in this §7.3; and

(p)           shares of money market
mutual or similar funds which have an Aaa or MR1+ money market fund rating from
Moody’s or an AAA money market fund rating from S&P.

§7.4.       Distributions.  The Borrower will not declare any dividend or
make any Distribution if any Default or Event of Default has occurred and is
continuing or would result after giving effect to such Distribution.

§7.5.       Employee Benefit Plans.  Neither the Borrower nor any ERISA Affiliate
will: (a) engage in any “prohibited transaction”
within the meaning of §406 of ERISA or §4975 of the Code which could result in
a material liability for the Borrower or any of its Subsidiaries; or (b) permit
any Guaranteed Pension Plan to incur an “accumulated
funding deficiency”, as such term is defined in §302 of ERISA, whether or
not such deficiency is or may be waived; or (c) fail to contribute to any
Guaranteed Pension Plan to an extent which, or terminate any Guaranteed Pension
Plan in a manner which, could result in the imposition of a lien or encumbrance
on the assets of the Borrower or any of its Subsidiaries pursuant to §302(f) or
§4068 of ERISA; or (d) amend any Guaranteed Pension Plan in circumstances
requiring the posting of security pursuant to §307 of ERISA or §401(a)(29) of
the Code; or (e) permit or take any action which would result in the aggregate
benefit liabilities (with the meaning of §4001 of ERISA) of all Guaranteed
Pension Plans exceeding the value of the aggregate assets of such Plans,
disregarding for this purpose the benefit liabilities and assets of any such
Plan with assets in excess of benefit liabilities.

§7.6.       Merger and
Consolidation; Acquisitions.  The
Borrower will not, and will not permit any of its Subsidiaries to, merge or
consolidate with any other Person; 

 74
 

enter into any stock or asset acquisitions (other than
the acquisition of assets in the ordinary course of such Person’s business and
other than the acquisition of stock permitted under §7.3(j) or §7.3(l) hereof);
enter into any joint venture or partnerships (except to the extent permitted
under §7.3 hereof); or enter into any new lines of business or otherwise change
the conduct of the Borrower’s or such Subsidiary’s business as presently
conducted other than (a) the merger or consolidation of one or more
Subsidiaries of the Borrower with and into the Borrower, provided that the
Borrower is the surviving entity, (b) the merger or consolidation of two or
more Subsidiaries of the Borrower, provided that, if one of the Subsidiaries is
a Guarantor, that the Guarantor is the surviving entity, or (c) the acquisition
(whether of stock or assets or by means of a merger) of (i) a more than fifty
percent (50%) equity interest in any other Person or (ii) assets of any other Person;
provided that (A) immediately after such acquisition, and after giving
effect thereto on a pro forma
basis, no Default or Event of Default shall then exist, (B) if required by
applicable law, the board of directors and the shareholders or the equivalent,
of such other Person has approved such acquisition, (C) such other Person is in
the business of selling office services, products and/or supplies, and (D) if
the Borrower or a Guarantor and such other Person merge, the Borrower or such
Guarantor is the surviving entity.

§7.7.       Disposition of Assets
and Sale-Leaseback Transactions. 
The Borrower will not, and will not permit any of its Subsidiaries to,
dispose of or sell assets other than:

(a)           the disposition of assets in the ordinary course of
business;

(b)           sale-leaseback transactions and other dispositions of
assets that do not have a materially adverse effect on the business, assets or
financial condition of the Borrower or any of its Subsidiaries, provided that
(i) the aggregate net book value of the assets to be sold plus the net book
value of all other assets of the Borrower and its Subsidiaries sold under this
clause (b) during the period of time from the Closing Date through the date of
such sale does not, at the time of such sale, exceed 25% of the Consolidated
Total Assets of the Borrower and its Subsidiaries, (ii) such assets are sold in
an arm’s length transaction for fair market value (after giving effect to all
tax benefits, if any, associated with such sale), and (iii) the Borrower shall,
if an Event of Default exists or would result from such sale, prepay the
Revolving Credit Loans by an amount equal to (A) 50% of the amount by which the
aggregate net sale proceeds of all assets sold pursuant to this clause (b)
exceeds $20,000,000 but is less than or equal to $50,000,000 plus (B) 100% of
the amount by which the aggregate net sale proceeds of all assets sold pursuant
to this clause (b) exceeds $50,000,000; and

(c)           the sale of accounts receivable of the Borrower and/or
its Subsidiaries pursuant to the transactions permitted under §7.1(q).

§7.8.       Subordinated Debt.  The Borrower will not effect or permit any
change in or amendment to any document or instrument pertaining to the
subordination, covenants, events of default, terms of payment or required
prepayments of any Subordinated Debt, give any notice of redemption or
prepayment or offer to repurchase 

 75
 

under any such document or instrument or, directly or
indirectly, make any payment of principal of or interest on or in redemption,
retirement or repurchase of any Subordinated Debt, except that (a) the Borrower
may make regularly scheduled payments when required by the terms of the
Subordinated Debt, and (b) the Borrower may refinance all or a portion of the
Subordinated Debt so long as such refinancing Subordinated Debt (i) has a
maturity that is no earlier than the Subordinated Debt being refinanced and
(ii) is subordinated to the Obligations on terms at least as favorable to the
Administrative Agent and the Lenders, in the opinion of the Administrative
Agent and the Required Lenders, as the Subordinated Debt being refinanced.

§7.9.       Transactions with Affiliates.  The Borrower will not, and will not permit
any of its Subsidiaries to, enter into any transaction of any kind with any
Affiliate of the Borrower (excluding transactions between the Borrower and any
of its Subsidiaries and transactions between any Subsidiary of the Borrower and
any other Subsidiary of the Borrower), whether or not in the ordinary course of
business, other than on fair and reasonable terms substantially as favorable to
the Borrower or such Subsidiary as would be obtainable by the Borrower or such
Subsidiary at the time in a comparable arm’s length transaction with a Person
other than an Affiliate.

§8.          FINANCIAL
COVENANTS OF THE BORROWER.

The
Borrower covenants and agrees that, so long as any Loan or Letter of Credit is
outstanding or any Lender has any obligation to make any Loans or the Issuing
Bank has any obligation to issue, extend or renew any Letter of Credit:

§8.1.       Fixed Charge Coverage
Ratio.  As at the end of each
fiscal quarter of the Borrower, the Borrower will not permit the ratio (the “Fixed Charge Coverage Ratio”) of (a) the sum
of (i) Consolidated EBIT for the period of the four consecutive fiscal quarters
(the “Measurement Period”) ending on such
date plus (ii) the Rental Expense for such Measurement Period, to (b) the sum
of (i) the Consolidated Total Interest Expense for such Measurement Period plus
(ii) the Rental Expense for such Measurement Period, to be less than 1.50 to 1.

§8.2.       Adjusted Funded Debt to
Total Capitalization Ratio.  As
at the end of each fiscal quarter of the Borrower, the Borrower will not permit
the ratio of (a) Consolidated Adjusted Funded Debt as at such date to (b) the
sum of (i) Consolidated Adjusted Funded Debt as at such date plus (ii)
Stockholders’ Equity as of such date, to be greater than 0.75 to 1.

§9.          CLOSING
CONDITIONS.

The
obligations of the Lenders to make the initial Loans and the Issuing Bank to
issue the initial Letter of Credit (if issued on the Closing Date) shall be
subject to the satisfaction of the following conditions precedent:

§9.1.       Loan Documents.  Each of the Loan Documents shall have been
duly executed and delivered by the respective parties thereto, shall be in full
force and effect 

 76
 

and shall be in form and substance satisfactory to
each of the Lenders.  The Administrative
Agent shall have received a fully executed counterpart of each such document.

§9.2.       Certified Copies of
Charter Documents.  The
Administrative Agent shall have received from the Borrower and each of the
Guarantors a copy, certified by a duly authorized officer of such Person to be
true and complete on the Closing Date, of each of (a) its charter or other
incorporation documents (or the equivalent constitutive documents) as in effect
on such date of certification, and (b) its by-laws or the equivalent
constitutive documents as in effect on such date.

§9.3.       Corporate Action.  All corporate (or other) action necessary for
the valid execution, delivery and performance by the Borrower and each of the
Guarantors of this Credit Agreement and the other Loan Documents to which it is
or is to become a party shall have been duly and effectively taken, and
evidence thereof satisfactory to the Lenders shall have been provided to the
Administrative Agent.

§9.4.       Incumbency Certificate.  The Administrative Agent shall have received
from the Borrower and each of the Guarantors an incumbency certificate, dated
as of the Closing Date, signed by a duly authorized officer of the Borrower and
each Guarantor, as applicable, and giving the name and bearing a specimen
signature of each individual who shall be authorized: (a) to sign, in the name
and to the benefit of each of the Borrower and the Guarantors, each of the Loan
Documents; (b) with respect to the Borrower, to make Loan Requests, Conversion
Requests, Swing Line Loan Requests and Notices of Competitive Bid Borrowing;
and (c) to give notices and to take other action on its behalf under the Loan
Documents.

§9.5.       Opinion of Counsel.  The Administrative Agent shall have received
favorable legal opinions addressed to the Lenders and the Administrative Agent,
dated as of the Closing Date, in form and substance satisfactory to the Lenders
and the Administrative Agent, from (a) Jack A. VanWoerkom Esq., general counsel
to the Borrower and the Guarantors and (b) Wilmer Cutler Pickering Hale and
Dorr LLP, special counsel to the Borrower and the Guarantors.

§9.6.       Payment of Fees.  The Borrower shall have paid to the
Administrative Agent and the Arranger, as appropriate, the Administrative Agent
Fees, closing fees and all other fees and expenses (including without
limitation all reasonable legal fees and disbursements of the Administrative
Agent’s Special Counsel) required to be paid by it on or prior to the Closing
Date.

§9.7.       Existing Credit
Agreement.  All amounts
outstanding under the Existing Credit Agreement shall have been paid in full,
all commitments thereunder of lenders who are not parties to this Credit
Agreement shall have been terminated and all commitments thereunder of the
Lenders party to this Credit Agreement shall be evidenced only by this Credit
Agreement.

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§9.8.       Compliance Certificate.  The Borrower shall have delivered to the
Lenders a Compliance Certificate based on the financial statements of the
Borrower for the fiscal quarter ended July 29, 2006.

§9.9.       UCC Search Results.  The Administrative Agent shall have received
the results of UCC searches (and the equivalent thereof in all applicable
foreign jurisdictions), indicating no Liens other than Permitted Liens and
otherwise in form and substance satisfactory to the Administrative Agent.

§9.10.     Certificate of Insurance.  The Administrative Agent shall have received
a certificate of insurance from an independent insurance broker dated as of the
Closing Date, identifying insurers, types of insurance, insurance limits, and
policy terms, and otherwise describing the insurance of the Borrower and its
Subsidiaries.

§9.11.     No Material Adverse Change.  The Administrative Agent shall be satisfied
that there shall have occurred no material adverse change in the business,
operations, liabilities (actual or contingent) assets, properties or condition
of the Borrower or its Subsidiaries since the Balance Sheet Date.

§10.        CONDITIONS
TO ALL BORROWINGS.

The obligations of the Lenders to make any Loan and
the Issuing Bank to issue, extend, renew or amend any Letter of Credit, in each
case whether on or after the Closing Date, shall also be subject to the
satisfaction of the following conditions precedent:

§10.1.     Representations True; No
Event of Default.  Each of the
representations and warranties of any of the Borrower and its Subsidiaries
contained in this Credit Agreement, the other Loan Documents or in any document
or instrument delivered pursuant to or in connection with this Credit Agreement
(excluding, unless the Senior Debt Rating is lower than the Senior Debt Rating
Threshold at the time of any loan or the issuance, extension, renewal or
amendment of any Letter of Credit, the representation and warranty contained in
§5.5 hereof) shall be true as of the date as of which they were made and shall
also be true at and as of the time of the making of such Loan or the issuance,
renewal or extension of such Letter of Credit, with the same effect as if made
at and as of that time (except to the extent of changes resulting from
transactions contemplated or permitted by this Credit Agreement and the other
Loan Documents and changes occurring in the ordinary course of business that singly
or in the aggregate are not materially adverse, and to the extent that such
representations and warranties relate expressly to an earlier date) and no
Default or Event of Default shall have occurred and be continuing.

§10.2.     No Legal Impediment.  No change shall have occurred in any law or
regulations thereunder or interpretations thereof that in the reasonable
opinion of any Lender would make it illegal for such Lender to make such Loan
or for the Issuing Bank to issue, extend or renew such Letter of Credit.

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§10.3.     Governmental Regulation.  Each Lender shall have received such
statements in substance and form reasonably satisfactory to such Lender as such
Lender shall require for the purpose of compliance with any applicable
regulations of the Comptroller of the Currency or the Board of Governors of the
Federal Reserve System.

§10.4.     Proceedings and Documents.  All proceedings in connection with the
transactions contemplated by this Credit Agreement, the other Loan Documents
and all other documents incident thereto shall be reasonably satisfactory in
substance and in form to the Lenders and to the Administrative Agent and the
Administrative Agent’s Special Counsel, and the Lenders, the Administrative
Agent and such counsel shall have received all information and such counterpart
originals or certified or other copies of such documents as the Administrative
Agent may reasonably request.

§10.5.     Alternative Currency.  In the case of any Loan to be denominated in
an Alternative Currency, there shall not have occurred any change in national
or international financial, political or economic conditions or currency
exchange rates or exchange controls which in the reasonable opinion of the
Administrative Agent or the Required Lenders would make it impracticable for such
Loan to be denominated in the relevant Alternative Currency.

§11.        EVENTS
OF DEFAULT; ACCELERATION; ETC.

§11.1.     Events of Default and
Acceleration.  If any of the
following events (“Events of Default” or,
if the giving of notice or the lapse of time or both is required, then, prior
to such notice or lapse of time, “Defaults”)
shall occur and be continuing:

(a)           the Borrower shall fail to pay any principal of the
Loans when the same shall become due and payable, whether at the stated date of
maturity or any accelerated date of maturity or at any other date fixed for
payment;

(b)           the Borrower or any Guarantor shall fail to pay any
interest on the Loans, the Facility Fee, the Utilization Fees, the
Administrative Agent Fees, other fees or other sums due hereunder or under any
of the other Loan Documents, within five (5) Business Days of the date when the
same shall become due and payable, whether at the stated date of maturity or
any accelerated date of maturity or at any other date fixed for payment;

(c)           the Borrower (i) shall fail to comply with any of its
covenants contained in §§6.4, 6.5, 6.10, 7 or 8 hereof, or (ii) shall fail to
comply with its covenant contained in §6.6 hereof and such failure shall
continue for thirty (30) days;

(d)           the Borrower or any of its Subsidiaries shall fail to
perform any term, covenant or agreement contained herein or in any of the other
Loan Documents (other than those specified elsewhere in this §11.1) for thirty
(30) days after written notice of such failure has been given to the Borrower
by the Administrative Agent;

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(e)           any material representation or warranty of the
Borrower or any of its Subsidiaries in this Credit Agreement or any of the
other Loan Documents or in any other document or instrument delivered pursuant
to or in connection with this Credit Agreement shall prove to have been false
in any material respect upon the date when made or deemed to have been made or
repeated;

(f)            the Borrower or any of its Subsidiaries shall fail to
pay when due, or within any applicable period of grace, any obligation for
borrowed money or credit received or in respect of any Capitalized Leases or
any obligations with respect to interest rate protection arrangements or
exchange rate protection arrangements which, in the aggregate, represents
Indebtedness (calculated, with respect to interest rate protection arrangements
and exchange rate protection arrangements based on the notional principal
amount thereof) of $50,000,000 or more, or fail to observe or perform any
material term, covenant or agreement contained in any agreement by which it is
bound, evidencing or securing borrowed money or credit received or in respect
of any Capitalized Leases or evidencing any interest rate protection
arrangement or exchange rate protection arrangement which in the aggregate
represents Indebtedness (calculated, with respect to interest rate protection
arrangements and exchange rate protection arrangements based on the notional
principal amount thereof) of $50,000,000 or more, and for such period of time
as would permit (assuming the giving of appropriate notice if required) the
holder or holders thereof or of any obligations issued thereunder to accelerate
the maturity thereof;

(g)           the Borrower or any of its Subsidiaries shall make an
assignment for the benefit of creditors, or admit in writing its inability to
pay or generally fail to pay its debts as they mature or become due, or shall
petition or apply for the appointment of a trustee or other custodian,
liquidator or receiver of the Borrower or any of its Subsidiaries or of any
substantial part of the assets of the Borrower or any of its Subsidiaries or
shall commence any case or other proceeding relating to the Borrower or any of
its Subsidiaries under any bankruptcy, reorganization, arrangement, insolvency,
readjustment of debt, dissolution or liquidation or similar law of any
jurisdiction, now or hereafter in effect, or shall take any action to authorize
or in furtherance of any of the foregoing, or if any such petition or
application shall be filed or any such case or other proceeding shall be commenced
against the Borrower or any of its Subsidiaries and shall not have been
dismissed within sixty (60) days, or the Borrower or any of its Subsidiaries
shall indicate its approval thereof, consent thereto or acquiescence therein;

(h)           a decree or order is entered appointing any such
trustee, custodian, liquidator or receiver or adjudicating the Borrower or any
of its Subsidiaries bankrupt or insolvent, or approving a petition in any such
case or other proceeding, or a decree or order for relief is entered in respect
of the Borrower or any Subsidiary of the Borrower in an involuntary case under
federal bankruptcy laws as now or hereafter constituted;

(i)            there shall remain in force, undischarged, unsatisfied
and unstayed, for more than sixty (60) days, whether or not consecutive, any
final judgment against the Borrower or any of its Subsidiaries that, with other
outstanding final judgments, 

 80
 

undischarged, against the
Borrower or any of its Subsidiaries exceeds in the aggregate $50,000,000;

(j)            with respect to any Guaranteed Pension Plan, an ERISA
Reportable Event, or a failure to make a required installment or other payment
(within the meaning of §302(f)(1) of ERISA), shall have occurred and the
Required Lenders shall have determined in their reasonable discretion that such
event reasonably could be expected to result in liability of the Borrower or
any of its Subsidiaries to the PBGC or such Guaranteed Pension Plan in an
aggregate amount exceeding $10,000,000 and such event in the circumstances
occurring reasonably could constitute grounds for the termination of such
Guaranteed Pension Plan by the PBGC, for the appointment by the appropriate
United States District Court of a trustee to administer such Guaranteed Pension
Plan or for the imposition of a Lien in favor of such Guaranteed Pension Plan;
or a trustee shall have been appointed by the United States District Court to
administer such Plan; or the PBGC shall have instituted proceedings to
terminate such Guaranteed Pension Plan;

(k)           the holders of all or any part of the Subordinated
Debt shall accelerate the maturity of all or any part of the Subordinated Debt
or the Subordinated Debt shall be prepaid, redeemed or repurchased in whole or
in part, or an offer to prepay, redeem or repurchase the Subordinated Debt in
whole or in part shall have been made, in each case in violation of the
provisions of this Credit Agreement;

(l)            if any of the Loan Documents shall be canceled,
terminated, revoked or rescinded, in each case otherwise than in accordance
with the terms thereof or with the express prior written agreement, consent or
approval of the Lenders, or any action at law, suit or in equity or other legal
proceeding to cancel, revoke or rescind any of the Loan Documents shall be
commenced by or on behalf of the Borrower or any of its Subsidiaries party
thereto or any of their respective stockholders, or any court or any other
governmental or regulatory authority or agency of competent jurisdiction shall
make a determination that, or issue a judgment, order, decree or ruling to the
effect that, any one or more of the Loan Documents is illegal, invalid or
unenforceable in accordance with the terms thereof; or

(m)          a “Change in Control”
shall have occurred (which for the purposes of this subsection (m) shall mean the
occurrence of any of the following events):

(i)            the acquisition by any Person (including any syndicate
or group deemed to be a “person” under Section 13(d)(3) of the Securities and
Exchange Act of 1934, as amended) of beneficial ownership, directly or indirectly,
through a purchase, merger or other acquisition transaction or series of
transactions, of shares of Capital Stock of the Borrower entitling such Person
to exercise 50% or more of the total voting power of all shares of Capital
Stock of the Borrower entitled to vote generally in the elections of directors
(any shares of voting stock of which such person or group is the beneficial
owner that are not then outstanding being deemed outstanding for purposes of
calculating such percentage);

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(ii)           any consolidation of the Borrower with, or merger of
the Borrower into, any other Person, any merger of another Person into the
Borrower, or any sale or transfer of all or substantially all of the assets of
the Borrower to another Person (other than a transfer of assets to one or more
Guarantors or a merger (A) which does not result in any reclassification,
conversion, exchange or cancellation of outstanding shares of Capital Stock of
the Borrower or (B) which is effected solely to change the jurisdiction of incorporation
of the Borrower); or

(iii)          during any consecutive two-year period, individuals
who at the beginning of such period constituted the Board of Directors of the
Borrower (together with any new directors whose election by such Board of
Directors or whose nomination for election by the stockholders of the Borrower
was approved by a vote of 66-2/3% of the directors then still in office who
were either directors at the beginning of such period or whose election or
nomination for election was previously so approved) cease for any reason to
constitute a majority of the Board of Directors of the Borrower then in office;
or

(n)           any of (i) the Borrower or any of its Subsidiaries
shall fail to make any payment under any transaction permitted under §7.1(q)
hereof when the same becomes due and payable (whether by scheduled maturity,
required prepayment, acceleration, demand, or otherwise), and any such failure
shall continue after the applicable grace period, if any, specified in the
documents relating to such transaction, or (ii) the “Termination Date” or similar date (under and as defined in any of
the documents relating to the transactions permitted under §7.1(q) hereof)
shall have been declared to have occurred, or (iii) any “Event of Termination” or similar event (under and as defined in any
of the documents relating to the transactions permitted under §7.1(q) hereof)
shall occur and continue after the applicable grace period, if any, specified
in such documents if either, pursuant to such documents, (A) the existence of
such Event of Termination or similar event would automatically cause the
Termination Date or similar date to occur or (B) the existence of such Event of
Termination or similar event would permit the purchaser or lender under such
documents to declare the Termination Date or similar date to have occurred and
such Event of Termination or similar event continues unremedied or unwaived for
a period of more than ninety (90) days after the date that the Administrative
Agent gives notice to the Borrower of such Event of Termination or similar
event;

then, and in any such
event, so long as the same may be continuing, the Administrative Agent may, and
upon the request of the Required Lenders shall, by notice in writing to the
Borrower declare all amounts owing with respect to this Credit Agreement, the
Letters of Credit and the other Loan Documents and all Reimbursement
Obligations to be, and they shall thereupon forthwith become, immediately due
and payable without presentment, demand, protest or other notice of any kind,
all of which are hereby expressly waived by the Borrower; provided that
in the event of any Event of Default specified in §§11.1(g) or 11.1(h) hereof,
all such amounts shall become immediately due and payable automatically and
without any requirement of notice from the Administrative Agent or any Lender.

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§11.2.     Termination of Commitments.  If any one or more of the Events of Default
specified in §§11.1(g) or 11.1(h) hereof shall occur, any unused portion of the
credit hereunder shall forthwith terminate and each of the Lenders shall be
relieved of all further obligations to make Loans to the Borrower and the
Issuing Bank shall be relieved of all further obligations to issue, extend or
renew Letters of Credit.  If any other
Event of Default shall have occurred and be continuing, the Administrative
Agent may and, upon the request of the Required Lenders, shall, by notice to
the Borrower, terminate the unused portion of the credit hereunder, and upon
such notice being given such unused portion of the credit hereunder shall
terminate immediately and each of the Lenders shall be relieved of all further
obligations to make Loans and the Issuing Bank shall be relieved of all further
obligations to issue, extend or renew Letters of Credit.  No termination of the credit hereunder shall
relieve the Borrower of any of the Obligations.

§11.3.     Remedies.  In case any one or more of the Events of
Default shall have occurred and be continuing, and whether or not the Lenders
shall have accelerated the maturity of the Loans pursuant to §11.1 hereof, each
Lender, if owed any amount with respect to the Loans or Letters of Credit may,
with the consent of the Required Lenders, but not otherwise, proceed to protect
and enforce its rights by suit in equity, action at law or other appropriate
proceeding, whether for the specific performance of any covenant or agreement
contained in this Credit Agreement and the other Loan Documents or any
instrument pursuant to which the Obligations to such Lender are evidenced,
including as permitted by applicable law the obtaining of the ex parte
appointment of a receiver, and, if such amount shall have become due, by
declaration or otherwise, proceed to enforce the payment thereof or any other
legal or equitable right of such Lender.  No remedy herein conferred upon any Lender or
the Administrative Agent or the holder of any Note is intended to be exclusive
of any other remedy and each and every remedy shall be cumulative and shall be
in addition to every other remedy given hereunder or now or hereafter existing
at law or in equity or by statute or any other provision of law.

§12.        SETOFF.

Regardless of the adequacy of any collateral, during
the continuance of any Event of Default, any deposits or other sums credited by
or due from any of the Lenders or any of the Subsidiaries of the holding
company owning such Lender to the Borrower and any securities or other property
of the Borrower in the possession of such Lender or such Subsidiary of the
holding company owning such Lender may be applied to or set off by such Lender
or such Subsidiary of the holding company owning such Lender against the
payment of Obligations and any and all other liabilities, direct, or indirect,
absolute or contingent, due or to become due, now existing or hereafter
arising, of the Borrower to such Lender. 
Each of the Lenders agrees with each other Lender that (a) if an amount
to be set off is to be applied to Indebtedness of the Borrower to such Lender,
other than Indebtedness evidenced by the Credit Agreement or constituting
Reimbursement Obligations owed to such Lender, such amount shall be applied
ratably to such other Indebtedness (except that no amounts shall be applied to
documentary letters of credit) and to the Indebtedness evidenced by the Credit
Agreement or constituting Reimbursement Obligations owed to such Lender, and
(b) if such Lender shall receive 

 83
 

from the Borrower,
whether by voluntary payment, exercise of the right of setoff, counterclaim,
cross action, enforcement of the claim evidenced by the Credit Agreement, or
constituting Reimbursement Obligations owed to, such Lender by proceedings
against the Borrower at law or in equity or by proof thereof in bankruptcy,
reorganization, liquidation, receivership or similar proceedings, or otherwise,
and shall retain and apply to the payment of the Obligations held by such
Lender any amount in excess of its ratable portion of the payments received by
all of the Lenders with respect to the Loans made by, and Reimbursement
Obligations owed to, all of the Lenders, such Lender will make such disposition
and arrangements with the other Lenders with respect to such excess, either by
way of distribution, pro tanto assignment of claims, subrogation or otherwise
as shall result in each Lender receiving in respect of the Loans made by it or
Reimbursement Obligations owed it, its proportionate payment as contemplated by
this Credit Agreement; provided that if all or any part of such excess payment
is thereafter recovered from such Lender, such disposition and arrangements
shall be rescinded and the amount restored to the extent of such recovery, but
without interest.

§13.        THE
ADMINISTRATIVE AGENT.

§13.1.     Authorization.

(a)           Each of the Lenders hereby irrevocably appoints Bank
of America to act on its behalf as administrative agent hereunder and under the
other Loan Documents. The Administrative Agent is authorized to take such
action on behalf of each of the Lenders and to exercise all such powers as are
hereunder and under any of the other Loan Documents and any related documents
delegated to the Administrative Agent, together with such powers as are
reasonably incident thereto, provided that no duties or responsibilities not
expressly assumed herein or therein shall be implied to have been assumed by
the Administrative Agent.

(b)           The relationship between the Administrative Agent and
the Lenders is and shall be that of an independent contractor.  The use of the term “Administrative Agent”
herein is for convenience only and is used to describe, as a form of
convention, the independent contractual relationship between the Administrative
Agent and each of the Lenders.  Nothing
contained in this Credit Agreement or any of the other Loan Documents shall be
construed to create an agency, trust or other fiduciary relationship between
the Administrative Agent and any of the Lenders.

(c)           As an independent contractor empowered by the Lenders
to exercise certain rights and perform certain duties and responsibilities
hereunder and under the other Loan Documents, the Administrative Agent is
nevertheless a “representative” of the Lenders, as that term is defined in
Article 1 of the Uniform Commercial Code, for purposes of actions for the
benefit of the Lenders with respect to all collateral security and guaranties
contemplated by the Loan Documents.  Such
actions include the designation of the Administrative Agent as “secured party”, “mortgagee”, “lienholder” or the
like on all financing statements, motor vehicle titles and other documents and
instruments, whether recorded or otherwise, relating to the attachment, 

 84
 

perfection, priority or
enforcement of any security interests, mortgages, liens or deeds of trust in
collateral security intended to secure the payment or performance of any of the
Obligations, all for the benefit of the Lenders and the Administrative Agent.

§13.2.     Employees and Agents.  The Administrative Agent may exercise its
powers and execute its duties by or through employees or agents and shall be
entitled to take, and to rely on, advice of counsel concerning all matters pertaining
to its rights and duties under this Credit Agreement and the other Loan
Documents.  The Administrative Agent may
utilize the services of such Persons as the Administrative Agent in its sole
discretion may reasonably determine, and all reasonable fees and expenses of
any such Persons shall be paid by the Borrower.

§13.3.     No
Liability.  Neither the
Administrative Agent nor any of its shareholders, directors, officers or
employees nor any other Person assisting them in their duties nor any agent or
employee thereof, shall be liable to the Lenders for any waiver, consent or
approval given or any action taken, or omitted to be taken, in good faith by it
or them hereunder or under any of the other Loan Documents, or in connection
herewith or therewith, or be responsible for the consequences of any oversight
or error of judgment whatsoever, except that the Administrative Agent or such
other Person, as the case may be, may be liable for losses due to its willful
misconduct or gross negligence. The
Administrative Agent shall be entitled to rely upon, and shall not incur any
liability to any Lender for relying upon, any writing, communication,
signature, resolution, representation, notice, consent, certificate, affidavit,
letter, telegram, facsimile, telex, 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 Borrower), independent
accountants and other experts selected by the Administrative Agent. With
respect to the Lenders, 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 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; provided
that the Administrative Agent shall not be required to take any action that, in
its opinion or the opinion of its counsel, is contrary to any Loan Document or
applicable law; provided  further that, the Administrative Agent
shall not be required to take any action (other than an action expressly
required by this Credit Agreement to be taken by it under such circumstances)
that, in its opinion or the opinion of its counsel, may expose the
Administrative Agent to liability. The Administrative Agent shall in all cases
be fully protected, as against the Lenders, in acting, or in refraining from
acting, under this Credit Agreement or any other Loan Document in accordance
with a request or consent of the Required Lenders (or such greater number of
Lenders as may be expressly required hereby in any instance) and such request
and any action taken or failure to act pursuant thereto shall be binding upon
all the Lenders. Except as expressly set forth herein and in the other Loan
Documents, the Administrative Agent shall have no duty to disclose, and shall
not be liable for the failure to disclose, any information relating to the
Borrower or any of their respective Affiliates 

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that is communicated to or
obtained by the Person serving as the Administrative Agent or any of its
Affiliates in any capacity.  The
Administrative Agent shall be deemed not to have knowledge of any Default
unless and until notice describing such Default is given to the Administrative
Agent by the Borrower or a Lender.

THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.”  THE AGENT PARTIES (AS DEFINED BELOW) DO NOT
WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY
OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS
FROM THE BORROWER MATERIALS.  NO WARRANTY
OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD
PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY
AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM.  In no event shall the Administrative Agent or
any of its Related Parties (collectively, the “Agent Parties”) have any
liability to the Borrower, any Lender, the L/C Issuer or any other Person for
losses, claims, damages, liabilities or expenses of any kind (whether in tort,
contract or otherwise) arising out of the Borrower’s or the Administrative
Agent’s transmission of Borrower Materials through the Internet, except to the
extent that such losses, claims, damages, liabilities or expenses are
determined by a court of competent jurisdiction by a final and nonappealable
judgment to have resulted from the gross negligence or willful misconduct of
such Agent Party; provided, however, that in no event shall any
Agent Party have any liability to the Borrower, any Lender, the L/C Issuer or
any other Person for indirect, special, incidental, consequential or punitive
damages (as opposed to direct or actual damages).

§13.4.     No Representations.

§13.4.1.     General.  The Administrative Agent shall not be
responsible for the execution or validity or enforceability of this Credit
Agreement, the Letters of Credit, any of the other Loan Documents or any
instrument at any time constituting, or intended to constitute, collateral
security for the Obligations, or for the value of any such collateral security
or for the validity, enforceability or collectibility of any such amounts owing
with respect to this Credit Agreement or for any recitals or statements,
warranties or representations made herein or in any of the other Loan Documents
or in any certificate or instrument hereafter furnished to it by or on behalf
of the Borrower or any of its Subsidiaries, or be bound to ascertain or inquire
as to the performance or observance of any of the terms, conditions, covenants
or agreements herein or in any instrument at any time constituting, or intended
to constitute, collateral security for the Obligations or to inspect any of the
properties, books or records of the Borrower or any of its Subsidiaries.  The Administrative Agent shall not be bound
to ascertain whether any notice, consent, waiver or request delivered to it by
the Borrower or any Lender shall have been duly authorized or is true, accurate
and complete.  The Administrative Agent
has not made nor does it now make any representations or warranties, express or
implied, nor does it assume any liability to the Lenders, with respect to the
creditworthiness or financial 

 86
 

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

§13.4.2.     Closing Documentation,
etc..  For purposes of
determining compliance with the conditions set forth in §9, each Lender that
has executed this Credit Agreement shall be deemed to have consented to,
approved or accepted, or to be satisfied with, each document and matter either
sent, or made available, by the Administrative Agent or
the Arranger to such Lender for consent, approval, acceptance or satisfaction,
or required thereunder to be consented to or approved by or acceptable or
satisfactory to such Lender, unless an officer of the Administrative Agent or the Arranger active upon the Borrower’s account shall
have received notice from such Lender prior to the Closing Date specifying such
Lender’s objection thereto and such objection shall not have been withdrawn by
notice to the Administrative Agent or the Arranger to such effect on or prior
to the Closing Date.

§13.5.     Payments.

§13.5.1.     Payments to Administrative
Agent.  A payment by the Borrower
to the Administrative Agent hereunder or any of the other Loan Documents for
the account of any Lender shall constitute a payment to such Lender.  The Administrative Agent agrees promptly to
distribute to each Lender such Lender’s pro rata share of payments received by
the Administrative Agent for the account of the Lenders except as otherwise
expressly provided herein or in any of the other Loan Documents.

§13.5.2.     Distribution by
Administrative Agent.  If in the
opinion of the Administrative Agent the distribution of any amount received by
it in such capacity hereunder or under any of the other Loan Documents might
involve it in liability, it may refrain from making distribution until its
right to make distribution shall have been adjudicated by a court of competent
jurisdiction.  If a court of competent
jurisdiction shall adjudge that any amount received and distributed by the
Administrative Agent is to be repaid, each Person to whom any such distribution
shall have been made shall either repay to the Administrative Agent its
proportionate share of the amount so adjudged to be repaid or shall pay over
the same in such manner and to such Persons as shall be determined by such
court.

§13.5.3.     Delinquent Lenders.  Notwithstanding anything to the contrary
contained in this Credit Agreement or any of the other Loan Documents, any
Lender that fails (a) to make available to the Administrative Agent its pro
rata share of any Loan, to make available to the Issuing Bank its pro rata share of each drawing under any
Letter of Credit or to participate in any Swing Line Loan or (b) to comply with
the provisions of §12 hereof with respect to making dispositions and
arrangements with the other Lenders, where such Lender’s share of any payment
received, whether by setoff or otherwise, is in excess of its pro rata share of
such payments due and payable to all of the Lenders, in each case as, when and
to the full extent required by the provisions of this Credit 

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Agreement, shall be
deemed delinquent (a “Delinquent Lender”)
and shall be deemed a Delinquent Lender until such time as such delinquency is
satisfied.  A Delinquent Lender shall be
deemed to have assigned any and all payments due to it from the Borrower,
whether on account of outstanding Loans, interest, fees or otherwise, to the
remaining nondelinquent Lenders for application to, and reduction of, their
respective pro rata shares of all outstanding Syndicated Loans.  The Delinquent Lender hereby authorizes the
Administrative Agent to distribute such payments to the nondelinquent Lenders
in proportion to their respective pro rata shares of all outstanding Syndicated
Loans.  A Delinquent Lender shall be
deemed to have satisfied in full a delinquency when and if, as a result of
application of the assigned payments to all outstanding Syndicated Loans of the
nondelinquent Lenders, the Lenders’ respective pro rata shares of all
outstanding Syndicated Loans have returned to those in effect immediately prior
to such delinquency and without giving effect to the nonpayment causing such
delinquency.

§13.6.     Holders
of Notes.  The Administrative Agent may deem and treat
the payee of any Note as the absolute owner or purchaser thereof for all
purposes hereof until it shall have been furnished in writing with a different
name by such payee or by a subsequent holder, assignee or transferee.

§13.7.     Indemnity.  To the extent not reimbursed by the Borrower,
the Lenders ratably agree hereby to indemnify and hold harmless the
Administrative Agent and its Affiliates (including
any of the officers, directors, employees, agents and attorneys-in-fact of any
thereof) (each an “Indemnified Party”) from and against any and all
claims, actions and suits (whether groundless or otherwise), losses, damages,
costs, expenses (including any expenses for which such Indemnified Party has
not been reimbursed by the Borrower as required by §14 hereof), and liabilities
of every nature and character arising out of or related to this Credit
Agreement, the Letters of Credit or any of the other Loan Documents or the
transactions contemplated or evidenced hereby or thereby, or such Indemnified
Party’s actions taken hereunder or thereunder, except to the extent that any of
the same shall be directly caused by such Indemnified Party’s willful
misconduct, gross negligence or, in the absence of instruction or concurrence
of the Required Lenders, breach of contract

§13.8.     Administrative Agent as
Lender; Etc.  In its individual
capacity, Bank of America shall have the same obligations and the same rights,
powers and privileges in respect to its Commitment and the Loans made by it, as
it would have were it not also the Administrative Agent.  None of the Co-Documentation Agents or the
Syndication Agent shall have any obligation, liability, responsibility or duty
under this Credit Agreement other than as a Lender hereunder.

§13.9.     Resignation.  (a) The Administrative Agent may resign at
any time by giving seventy five (75) days’ prior written notice thereof to the
Lenders and the Borrower.  Upon any such
resignation, the Required Lenders shall have the right to appoint a successor
Administrative Agent.  Unless a Default
or Event of Default shall have occurred and be continuing, such successor
Administrative Agent shall be reasonably acceptable to the Borrower.  Upon the earlier of (i) acceptance of any 

 88
 

appointment as Administrative Agent hereunder by a
successor Administrative Agent (subject to such successor’s agreement to
succeed as Issuing Bank and lender of the Swing Line Loans pursuant to
§13.9(b)) and (ii) the date on which the Administrative Agent notifies the
Borrower that no qualifying Person has accepted such appointment within seventy
five (75) days after the Administrative Agent shall have provided notice to the
Lenders and the Borrowers of its resignation, (A) the retiring Administrative
Agent shall be discharged from its duties and obligations hereunder and (B) all
payments, communications and determinations provided to be made by, to or
through the Administrative Agent shall instead be made, in the case of clause
(i), by or to the successor Administrative Agent and in the case of clause
(ii), by or to each Lender and the Issuing Bank directly, until such time as
the Required Lenders appoint a successor Administrative Agent as provided for
above in this §13.9(a). Upon the acceptance of a successor’s appointment as
Administrative Agent hereunder, such successor shall succeed to and become
vested with all of the rights, powers, privileges and duties of the retiring
(or retired) Administrative Agent, and the retiring Administrative Agent shall
be discharged from all of its duties and obligations hereunder or under the
other Loan Documents (if not already discharged therefrom as provided above in
this §13.9(a)).  The fees payable by the
Borrower to a successor Administrative Agent shall be the same as those payable
to its predecessor unless otherwise agreed between the Borrower and such
successor.  After the retiring
Administrative Agent’s resignation hereunder and under the other Loan
Documents, the provisions of this §13 and §§14 and 15 shall continue in effect
for the benefit of such retiring Administrative Agent, its sub-agents and their
respective Affiliates, partners, directors, officers, employees, agents and
advisors in respect of any actions taken or omitted to be taken by any of them
while the retiring Administrative Agent was acting as Administrative Agent.

(b)           Any resignation by Bank
of America as administrative agent pursuant to this §13.9 shall also constitute its resignation as Issuing Bank and as
lender of the Swing Line Loans to the extent that Bank of America is acting in
such capacities at such time.  Upon the
acceptance of a successor’s appointment as Administrative Agent hereunder, (a)
such successor shall succeed to and become vested with all of the rights,
powers, privileges and duties of the retiring Issuing Bank and the lender of
the Swing Line Loans, (b) the retiring Issuing Bank and lender of the Swing
Line Loans shall be discharged from all of their respective duties and
obligations hereunder or under the other Loan Documents, and (c) the successor
Issuing Bank shall issue letters of credit in substitution for the Letters of
Credit, if any, outstanding at the time of such succession or make other
arrangements satisfactory to the retiring Issuing Bank to effectively assume
the obligations of the retiring Issuing Bank with respect to such Letters of
Credit.

§13.10.    Notification of Defaults and
Events of Default.  Each Lender
hereby agrees that, upon learning of the existence of a Default or an Event of
Default, it shall promptly notify the Administrative Agent thereof.  The Administrative Agent hereby agrees that
upon receipt of any notice under this §13.10 it shall promptly notify the other
Lenders and the Borrower of the existence of such Default or Event of Default.

 89
 

§13.11.    Administrative Agent May File Proofs of Claim.

(a)           In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial, administrative or like proceeding or any assignment for the benefit
of creditors relative to Borrower or any of its Subsidiaries, the
Administrative Agent (irrespective of whether the principal of any Loan,
Reimbursement Obligation or Unpaid Reimbursement Obligation shall then be due
and payable as herein expressed or by declaration or otherwise and irrespective
of whether the Administrative Agent shall have made any demand on the Borrower)
shall be entitled and empowered, by intervention in such proceeding, under any
such assignment or otherwise:

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

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

(b)           Any custodian, receiver, assignee, trustee, liquidator, sequestrator or
other similar official in any such proceeding or under any such assignment 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, nevertheless 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 due the Administrative
Agent under the terms of the Credit Agreement, and any other amounts due the
Administrative Agent under the terms of this Credit Agreement.

(c)           Nothing contained herein shall authorize the Administrative Agent to
consent to or accept or adopt on behalf of any Lender any plan of
reorganization, arrangement, adjustment or composition affecting the Obligations
owed to such Lender 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 or under any such assignment.

§14.        EXPENSES.

The
Borrower agrees to pay (a) the Administrative Agent’s reasonable costs of
producing and reproducing this Credit Agreement, the other Loan Documents and
the other agreements and instruments mentioned herein, (b) any taxes (including
any interest and penalties in respect thereto) payable by the Administrative
Agent or any of the Lenders (other than taxes based upon the Administrative
Agent’s or any Lender’s net 

 90
 

income or taxes not payable by the Borrower pursuant
to the provisions of this Credit Agreement) on the transactions contemplated by
this Credit Agreement (the Borrower hereby agreeing to indemnify the
Administrative Agent and each Lender with respect thereto), (c) the reasonable
fees, expenses and disbursements of the Administrative Agent’s Special Counsel
or any local counsel to the Administrative Agent incurred in connection with
the preparation, administration or interpretation of the Loan Documents and
other instruments mentioned herein, each closing hereunder, and amendments,
modifications, approvals, consents or waivers hereto or hereunder, (d) the
reasonable fees, expenses and disbursements of the Administrative Agent or any
of its Affiliates incurred by the Administrative Agent or such Affiliate in
connection with the preparation, administration or interpretation of the Loan
Documents and other instruments mentioned herein, including all insurance
premiums and surveyor, engineering and appraisal charges, (e) all reasonable
out-of-pocket expenses incurred by the Issuing Bank in connection with the
issuance, amendment, renewal or extension of any Letter of Credit or any demand
for payment thereunder, (f) all reasonable out-of-pocket expenses (including,
without limitation, reasonable attorneys’ fees and costs and reasonable
accounting, appraisal, investment banking and similar professional fees and
charges) incurred by the Administrative Agent or any Lender in connection with
(i) the enforcement of or preservation of rights under any of the Loan
Documents against the Borrower or any of its Subsidiaries or the administration
thereof after the occurrence of an Event of Default (including all such
out-of-pocket expenses incurred during any workout, restructuring or
negotiation) and (ii) any other litigation, proceeding or dispute whether
arising hereunder or otherwise, in any way related to any Lender’s or the
Administrative Agent’s relationship with the Borrower or any of its
Subsidiaries (other than any litigation, proceeding or dispute referred to in
§15 hereof) but only if such Lender or the Administrative Agent is the
prevailing party in such litigation, proceeding or dispute, and (g) all
reasonable fees, expenses and disbursements of the Administrative Agent
incurred in connection with UCC searches. 
The Borrower shall not pay the fees, expenses and disbursements incurred
by any Lender other than the Administrative Agent in connection with the review
and preparation of this Credit Agreement, the other Loan Documents and the
other agreements and instruments mentioned herein.  The covenants of this §14 shall survive
payment or satisfaction of all other Obligations.

§15.        INDEMNIFICATION.

The
Borrower agrees to indemnify and hold harmless the Administrative Agents, the
Arranger, the Lenders and their respective Affiliates, officers, directors and
employees (each such Person being called an “Indemnitee”) from and
against any and all claims, actions and suits whether groundless or otherwise,
and from and against any and all liabilities, losses, damages and expenses of
every nature and character arising out of this Credit Agreement or any of the
other Loan Documents or the transactions contemplated hereby including, without
limitation, (a) any actual or proposed use by the Borrower or any of its
Subsidiaries of the proceeds of any of the Loans or the Letters of Credit, (b)
the Borrower or any of its Subsidiaries entering into or performing this Credit
Agreement or any of the other Loan Documents or (c) with respect to the
Borrower and its Subsidiaries and their respective properties and assets, the
violation of any 

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Environmental Law, the presence, disposal, escape,
seepage, leakage, spillage, discharge, emission, release or threatened release
of any Hazardous Substances or any action, suit, proceeding or investigation
brought or threatened with respect to any Hazardous Substances (including, but
not limited to, claims with respect to wrongful death, personal injury or
damage to property), in each case including, without limitation, the reasonable
fees and disbursements of counsel incurred in connection with any such
investigation, litigation or other proceeding, but excluding liabilities,
losses, damages or expenses which are determined by a court of competent
jurisdiction by final order to result from the gross negligence, willful
misconduct or breach of contract of the Person seeking indemnification hereunder.  In litigation, or the preparation therefor,
the Indemnitee shall be entitled to select its own counsel and, in addition to
the foregoing indemnity, the Borrower agrees to pay promptly the reasonable
fees and expenses of such counsel. 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 which was disseminated in
connection with this Credit Agreement or the transactions contemplated hereby
or for any damages arising from the use by unintended recipients of any
information or other materials distributed by it through telecommunications,
electronic or other information transmission systems in connection with this Credit
Agreement or the other Loan Documents or the transactions contemplated hereby
or thereby, except, in each case, to the extent such damages are found in a
final, nonappealable judgment by a court of competent jurisdiction to have
resulted from such Indemnitee’s gross negligence, willful misconduct or breach
of contract relating to its treatment or handling of such Intralinks
information, electronic telecommunications or other information transmission
system.  If, and to the extent
that the obligations of the Borrower under this §15 are unenforceable for any
reason, the Borrower hereby agrees to make the maximum contribution to the
payment in satisfaction of such obligations which is permissible under
applicable law.  The covenants contained
in this §15 shall survive payment or satisfaction in full of all other
Obligations.

§16.        SURVIVAL
OF COVENANTS, ETC.

All
covenants, agreements, representations and warranties made herein, in any of
the other Loan Documents or in any documents or other papers delivered by or on
behalf of the Borrower or any of its Subsidiaries pursuant hereto shall be
deemed to have been relied upon by the Lenders and the Administrative Agent,
notwithstanding any investigation heretofore or hereafter made by any of them
and notwithstanding that the Administrative Agent or any Lender may have had
notice or knowledge of any Default, and shall survive the making by the Lenders
of any of the Loans or the issuance of any Letters of Credit, as herein
contemplated, and shall continue in full force and effect so long as any amount
due under this Credit Agreement or any Letter of Credit or the other Loan
Documents remains outstanding or any Lender has any obligation to make any
Loans or the Issuing Bank has any obligation to issue, renew or extend Letters
of Credit, and for such further time as may be otherwise expressly specified in
this Credit Agreement.  All statements
contained in any certificate or other paper delivered to any Lender or the
Administrative Agent at any time by or on behalf of the Borrower or any of its
Subsidiaries pursuant hereto or in connection with the transactions
contemplated 

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hereby shall constitute representations and warranties
by the Borrower or such Subsidiary hereunder.

§17.        ASSIGNMENT
AND PARTICIPATION.

§17.1.     General Conditions and
Conditions to Assignment.  The
provisions of this Credit Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns
permitted hereby, except that the Borrower may not assign or otherwise transfer
any of its rights or obligations hereunder without the prior written consent of
the Administrative Agent and each Lender and no Lender may assign or otherwise
transfer any of its rights or obligations hereunder except:

(a)           any Lender may assign
to one or more Eligible Assignees all or a portion of its interests, rights and
obligations under this Credit Agreement (including all or a portion of its
Commitment Percentage and Commitment and the same portion of the Loans at the
time owing to it and its risk associated with Letters of Credit); provided that

(i)            except in the case of
an assignment of the entire remaining amount of the assigning Lender’s
Commitment and the 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 with
respect to a Lender, the aggregate amount of the Commitment (which for this
purpose includes Loans outstanding thereunder) or, if the Commitment is not
then in effect, the principal outstanding balance of the Loans of the assigning
Lender subject to each such assignment, determined as of the date the
Assignment and Acceptance with respect to such assignment is delivered to the
Administrative Agent or, if “Trade Date” is specified in the Assignment and Acceptance,
as of the Trade Date, shall not be less than $5,000,000 unless
each of the Administrative Agent and, so long as no Event of Default has
occurred and is continuing, the Borrower otherwise consents (each such consent
not to be unreasonably withheld or delayed);

(ii)           the parties to such
assignment shall execute and deliver to the Administrative Agent, for recording
in the Register (as hereinafter defined), an Assignment and Acceptance,
substantially in the form of Exhibit G attached hereto (an “Assignment and Acceptance”), together with any
Notes subject to such assignment, a processing and recordation fee in the
amount of $3,500 (provided, however, that the Administrative Agent may, in its
sole discretion, elect to waive such processing and recordation fee in the case
of any assignment) and, in the case of a Foreign Lender, any documents,
certificates or evidence required to be delivered under §4.3.3, and the
Eligible Assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire;

(iii)          each partial assignment
shall be made as an assignment of a proportionate part of all the assigning
Lender’s rights and obligations under this Credit Agreement with respect to the
Loans or the Commitment assigned, except that this clause (iii) shall not apply
to rights in respect of Swing Line Loans; and

 93

(iv)          (A) any assignment of a
Commitment must be approved by the Administrative Agent, the Issuing Bank and
the lender of the Swing Line Loans unless the Person that is the proposed
assignee is itself a Lender (whether or not the proposed assignee would otherwise
qualify as an Eligible Assignee) and (B) unless an Event of Default has
occurred and is continuing, in the case of any assignment to an Eligible
Assignee who would impose costs or burdens on the Borrower under §§4.3.2,
4.3.3, 4.6, 4.7, 4.8 and/or 4.13 not applicable to the assigning Lender (or in
the aggregate greater than any such costs or burdens imposed by the assigning
Lender), such assignment must be approved by the Borrower (each such approval,
whether referred to in clause (A) or (B), not to be unreasonably withheld or
delayed).

Subject to the approvals
pursuant to §17.1(a)(iv), upon such execution, delivery, acceptance and
recording, from and after the effective date specified in each Assignment and
Acceptance, (i) the assignee thereunder shall be a party hereto and, to the
extent provided in such Assignment and Acceptance, have the rights and
obligations of a Lender hereunder, and (ii) the assigning Lender shall, to the
extent of its interest being assigned by such Assignment and Acceptance (and,
in the case of an Assignment and Acceptance covering all of the assigning
Lender’s rights and obligations under this Credit Agreement, such Lender shall
cease to be a party hereto), be released from its obligations under this Credit
Agreement but, notwithstanding
such assignment, shall continue to be entitled to the benefits of (i) §§4.3.2,
4.7, 4.8 and 4.10 and (ii) §15, with respect to facts and circumstances
occurring prior to the effective date of such assignment. Any assignment or
transfer by a Lender of rights or obligations under this Credit Agreement that
does not comply with this paragraph shall be treated for purposes of this
Credit Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with §17.4;

(b)           by way of participation in accordance with the provisions of §17.4; or

(c)           by way of pledge or assignment of a security interest subject to the
restrictions of §17.7 (and any other attempted assignment or transfer by any
party hereto shall be null and void).

Nothing
in this Credit 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 §17.4 and, to
the extent expressly contemplated hereby, the respective Affiliates, directors,
officers, employees, agents and advisors of each of the Administrative Agent,
the Issuing Bank and the Lenders) any legal or equitable right, remedy or claim
under or by reason of this Credit Agreement or any of the other Loan Documents.

§17.2.     Certain Representations
and Warranties; Limitations; Covenants. 
By executing and delivering an Assignment and Acceptance, the parties to
the assignment thereunder confirm to and agree with each other and the other
parties hereto as follows:  (a) other
than the representation and warranty that it is the legal and beneficial owner
of 

 94
 

the interest being assigned thereby free and clear of
any adverse claim, the assigning Lender makes no representation or warranty,
express or implied, and assumes no responsibility with respect to any
statements, warranties or representations made in or in connection with this
Credit Agreement or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of this Credit Agreement, the other Loan
Documents or any other instrument or document furnished pursuant hereto or the
attachment, perfection or priority of any security interest or mortgage; (b)
the assigning Lender makes no representation or warranty and assumes no
responsibility with respect to the financial condition of the Borrower and its
Subsidiaries or any other Person primarily or secondarily liable in respect of
any of the Obligations, or the performance or observance by the Borrower and
its Subsidiaries or any other Person primarily or secondarily liable in respect
of any of the Obligations of any of their obligations under this Credit
Agreement or any of the other Loan Documents or any other instrument or
document furnished pursuant hereto or thereto; (c) such assignee confirms that
it has received a copy of this Credit Agreement, together with copies of the
most recent financial statements referred to in §§5.4 and 6.4 hereof and such
other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into such Assignment and Acceptance; (d)
such assignee will, independently and without reliance upon the assigning
Lender, the Administrative Agent 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 this Credit
Agreement; (e) such assignee represents and warrants that it is an Eligible
Assignee; (f) such assignee appoints and authorizes the Administrative Agent to
take such action as agent on its behalf and to exercise such powers under this
Credit Agreement and the other Loan Documents as are delegated to the
Administrative Agent by the terms hereof or thereof, together with such powers
as are reasonably incidental thereto; (g) such assignee agrees that it will
perform in accordance with their terms all of the obligations that by the terms
of this Credit Agreement are required to be performed by it as a Lender; (h)
such assignee represents and warrants that it is legally authorized to enter
into such Assignment and Acceptance; and (i) such assignee acknowledges that it
has made satisfactory arrangements with the assigning Lender with respect to
its pro rata share of Letter of Credit Fees
in respect of outstanding Letters of Credit.

§17.3.     Register.  The Administrative Agent shall maintain a
copy of each Assignment and Acceptance delivered to it and a register or
similar list (the “Register”) for the
recordation of the names and addresses of the Lenders and the Commitment
Percentage of, and principal amount of the Loans owing to the Lenders from time
to time. The entries in the Register shall be conclusive, in the absence of
manifest error, and the Borrower, the Administrative Agent and the Lenders may
treat each Person whose name is recorded in the Register as a Lender hereunder
for all purposes of this Credit Agreement. 
The Register shall be available for inspection by the Borrower and the
Lenders at any reasonable time and from time to time upon reasonable prior
notice.

§17.4.     Participations.  Each Lender may sell participations to one or
more Persons (other than a natural person) (each, a “Participant”) in
all or a portion of such Lender’s rights and obligations under this Credit
Agreement and the other Loan 

 95
 

Documents; provided that (a) except in the case of any
such participation sold to a Lender or an Affiliate of a Lender or an Approved
Fund with respect to a Lender, each such participation shall be in an amount of
not less than $5,000,000 or shall be in an amount of such Lender’s entire
remaining Commitment and the Loans at the time owing to it, (b) any such sale
or participation shall not affect the rights and duties of the selling Lender
hereunder to the Borrower, (c) such Lender shall remain solely responsible to
the other parties hereto for the performance of such obligations and (d) the
Borrower, the Administrative Agent, the Lenders and the Issuing Bank shall
continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Credit 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 Credit Agreement and to approve any amendment,
modification or waiver of any provision of this Credit Agreement; provided that
such agreement or instrument may provide that such Lender will not, without the
consent of the Participant, agree to any amendment, modification or waiver that
would reduce the principal of or the interest rate on any Loans subject to such
participation, extend the term or increase the amount of the Commitment of such
Lender as it relates to such Participant, reduce the amount of any fees to
which such Participant is entitled or extend any regularly scheduled payment
date for principal or interest with respect to Loans subject to such
participation.  Subject to §17.5, the
Borrower agrees that each Participant shall be entitled to the benefits of
§§4.3.2, 4.7, 4.8 and 4.10  to the same
extent as if it were a Lender and had acquired its interest by assignment
pursuant to §17.1.  To the extent
permitted by law, each Participant also shall be entitled to the benefits of
§12 as though it were a Lender, provided such Participant agrees to be subject
to §12 as though it were a Lender

§17.5.     Limitation upon Participant Rights.  A Participant shall not be entitled to
receive any greater payment under §4.3.2, 4.7 and 4.8 than the applicable
Lender would have been entitled to receive with respect to the participation
sold to such Participant, unless the sale of the participation to such
Participant is made with the Borrower’s prior written consent.  Without limiting the foregoing, a Participant
that would be a Foreign Lender if it were a Lender shall not be entitled to the
benefits of §4.3.2 unless the Borrower is notified of the participation sold to
such Participant and such Participant agrees, for the benefit of the Borrower,
to comply with §4.3.3 as though it were a Lender.

§17.6.     Assignee or Participant
Affiliated with the Borrower.  If
any assignee Lender is an Affiliate of the Borrower, then any such assignee
Lender shall have no right to vote as a Lender hereunder or under any of the
other Loan Documents for purposes of granting consents or waivers or for
purposes of agreeing to amendments or other modifications to any of the Loan
Documents or for purposes of making requests to the Administrative Agent
pursuant to §§11.1 or 11.2 hereof, and the determination of the Required
Lenders shall for all purposes of this Credit Agreement and the other Loan
Documents be made without regard to such assignee Lender’s interest in any of
the Loans.  If any Lender sells a
participating interest in any of the Loans to a Participant, and such
Participant is the Borrower or an Affiliate of the Borrower, then such
transferor Lender shall promptly notify the Administrative Agent of the sale of
such participation.  

 96
 

A transferor Lender shall have no right to vote as a
Lender hereunder or under any of the other Loan Documents for purposes of
granting consents or waivers or for purposes of agreeing to amendments or
modifications to any of the Loan Documents or for purposes of making requests
to the Administrative Agent pursuant to §§11.1 or 11.2 hereof to the extent
that such participation is beneficially owned by the Borrower or any Affiliate
of the Borrower, and the determination of the Required Lenders shall for all
purposes of this Credit Agreement and the other Loan Documents be made without
regard to the interest of such transferor Lender in the Loans to the extent of
such participation.

§17.7.     Miscellaneous Assignment
Provisions.  Any Lender may at any time grant a security
interest in all or any portion of its rights under this Credit Agreement to
secure obligations of such Lender, including without limitation (a) any pledge
or assignment to secure obligations to any of the twelve Federal Reserve Banks
organized under §4 of the Federal Reserve Act, 12 U.S.C. §341 and (b) with
respect to any Lender that is a Fund, to any lender or any trustee for, or any
other representative of, holders of obligations owed or securities issued by
such Fund as security for such obligations or securities or any institutional
custodian for such Fund or for such lender; provided that no such grant shall
release such Lender from any of its obligations hereunder or under any of the
other Loan Documents, provide any voting rights hereunder to the secured party
thereof, substitute any such secured party for such Lender as a party hereto or
affect any rights or obligations of the Borrower or the Administrative Agent
hereunder.  The words “execution,” “signed,”
“signature,”  and words of like import in
any Assignment and Acceptance shall be deemed to include electronic signatures
or the keeping of records in electronic form, each of which shall be of the
same legal effect, validity or enforceability as a manually executed signature
or the use of a paper-based recordkeeping system, as the case may be, to the
extent and as provided for in any applicable law, including the Federal
Electronic Signatures in Global and National Commerce Act, the New York State
Electronic Signatures and Records Act, or any other similar state laws based on
the Uniform Electronic Transactions Act.

§17.8.     Resignation after Assignment.  Notwithstanding anything to the contrary
contained herein, if at any time Bank of America assigns all of its Commitment
and Loans pursuant to §17.1, Bank of America may, (i) upon seventy five (75)
days’ notice to the Borrower and the Lenders, resign as Issuing Bank and/or
(ii) upon seventy five (75) days’ notice to the Borrower, resign as lender of
the Swing Line Loans.  In the event of
any such resignation as Issuing Bank or lender of the Swing Line Loans, the
Borrower shall be entitled to appoint from among the Lenders a successor
Issuing Bank or lender of the Swing Line Loans hereunder; provided, however,
that no failure by the Borrower to appoint any such successor shall affect the
resignation of Bank of America as Issuing Bank or lender of the Swing Line
Loans, as the case may be.  If Bank of
America resigns as Issuing Bank, it shall retain all the rights and obligations
of the Issuing Bank hereunder with respect to all Letters of Credit outstanding
as of the effective date of its resignation as Issuing Bank and all Unpaid
Reimbursement Obligations plus the Maximum Drawing Amount with respect thereto
(including the right to require the Lenders to make Base Rate Loans or make
payments with respect to Reimbursement Obligations).  If Bank of America resigns as lender of the
Swing Line Loans, it shall retain all the rights of the 

 97
 

lender of the Swing Line Loans provided for hereunder
with respect to Swing Line Loans made by it and outstanding as of the effective
date of such resignation, including the right to require the Lenders to make
Base Rate Loans or fund risk participations in outstanding Swing Line Loans
pursuant to §2.10.

§18.        NOTICES,
ETC.

Except
as otherwise expressly provided in this Credit Agreement, all notices and other
communications made or required by this Credit Agreement or any Letter of
Credit Applications shall be in writing and shall be delivered in hand, mailed
by United States registered or certified first class mail, postage prepaid,
sent by overnight courier, or sent by telegraph, telecopy, facsimile or telex
and confirmed by delivery via courier or postal service, addressed as follows:

(a)           if to the Borrower, at 500 Staples Drive, Framingham,
MA 01701, Attention: Mr. John J. Mahoney (phone: 508-253-7298) (fax:
508-253-8955) (e-mail: john.mahoney@staples.com), or at such other address for
notice as the Borrower shall last have furnished in writing to the Person
giving the notice, with a copy to Jack A. VanWoerkom, Esq., Executive Vice
President and General Counsel, Staples, Inc., 500 Staples Drive, Framingham, MA
01701 (phone: 508-253-8614) (fax: 508-253-8955) (e-mail:
jack.vanwoerkom@staples.com);

(b)           if to the Administrative Agent, (i) for payments and
requests for Loans, at 2001 Clayton Rd., CA4-702-02-25, Concord, CA 94520-2405
Attention:  Adam J. Stoner (phone:
925-675-8825) (fax: 888-206-6220) (int’l fax: 415-796-1425) (e-mail:
adam.j.stoner@bankofamerica.com), (ii) for all other notices, 101 North Tryon
Street, Mail Code: NC1-001-15-14, Charlotte, NC 28255-0001, Attention: Anne
Brooke Lazorik (phone: 704-387-5453) (fax: 704-409-0632) (e-mail:
annebrooke.lazorik@bankofamerica.com), or such other addresses for notice as
the Administrative Agent shall last have furnished in writing to the Person
giving the notice; and

(c)           if to any Lender, at such Lender’s address set forth
on Schedule  1 hereto, or such other address for notice as such
Lender shall have last furnished in writing to the Person giving the notice.

Any
such notice or demand shall be deemed to have been duly given or made and to
have become effective (i) if delivered by hand, overnight courier or facsimile
to a responsible officer of the party to which it is directed, at the time of
the receipt thereof by such officer and (ii) if sent by registered or certified
first-class mail return receipt requested, postage prepaid, on the third
Business Day following the mailing thereof.

Notices
and other communications to the Lenders and the Issuing Bank hereunder may be
delivered or furnished by electronic communication (including e-mail and
Internet or intranet websites) pursuant to procedures approved by the
Administrative Agent, provided that the foregoing shall not apply to
notices to any Lender or the Issuing Bank pursuant to §§2 and 3 if such Lender
or the Issuing Bank, as applicable, has notified 

 98
 

the Administrative Agent that it is incapable of
receiving notices under such §§2 and 3 by electronic communication.  The Administrative Agent or the Borrower may,
in its discretion, agree to accept notices and other communications to it
hereunder by electronic communications pursuant to procedures approved by it, provided
that approval of such procedures may be limited to particular notices or
communications.

Unless the Administrative
Agent otherwise prescribes, (i) notices and other communications sent to
an e-mail address shall be deemed received upon the sender’s receipt of an
acknowledgement from the intended recipient (such as by the “return receipt
requested” function, as available, return e-mail or other written
acknowledgement), provided that if such notice or other communication is
not sent during the normal business hours of the recipient, such notice or
communication shall be deemed to have been sent at the opening of business on
the next business day for the recipient, and (ii) notices or
communications posted to an Internet or intranet website shall be deemed
received upon the deemed receipt by the intended recipient at its e-mail
address as described in the foregoing clause (i) of notification that such
notice or communication is available and identifying the website address
therefor.

Each Lender agrees
to notify the Administrative Agent from time to time to ensure that the
Administrative Agent has on record (i) an effective address, contact name,
telephone number, telecopier number and electronic mail address to which
notices and other communications may be sent and (ii) accurate wire
instructions for such Lender.

The Administrative
Agent, the Issuing Bank and the Lenders shall be entitled to reasonably rely
and act in good faith upon any notices (including telephonic Loan Requests and
Swing Line Loan Requests) purportedly given by or on behalf of the Borrower
even if (i) such notices were not made in a manner specified herein, were
incomplete or were not preceded or followed by any other form of notice
specified herein, or (ii) the terms thereof, as understood by the recipient,
varied from any confirmation thereof. 
The Borrower shall indemnify the Administrative Agent, the Issuing Bank,
each Lender and the directors, officers, employees, agents and advisors of each
of them from all losses, costs, expenses and liabilities resulting from the
reliance by such Person pursuant to this §18 on each notice purportedly given
by or on behalf of the Borrower.  All
telephonic notices to and other telephonic communications with the
Administrative Agent may be recorded by the Administrative Agent, and each of
the parties hereto hereby consents to such recording.

§19.        GOVERNING
LAW.

THIS CREDIT AGREEMENT AND, EXCEPT
AS OTHERWISE SPECIFICALLY PROVIDED THEREIN, EACH OF THE OTHER LOAN DOCUMENTS
ARE CONTRACTS UNDER THE LAWS OF THE STATE OF NEW YORK AND SHALL FOR ALL
PURPOSES BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF SAID STATE
(EXCLUDING THE LAWS APPLICABLE TO CONFLICTS OR CHOICE OF LAW).  THE BORROWER AGREES THAT ANY SUIT FOR THE
ENFORCEMENT OF THIS CREDIT AGREEMENT OR ANY OF THE OTHER 

 99
 

LOAN DOCUMENTS MAY BE BROUGHT IN
THE COURTS OF THE STATE OF NEW YORK OR ANY FEDERAL COURT SITTING IN SUCH STATE
AND CONSENTS TO THE NONEXCLUSIVE JURISDICTION OF SUCH COURT AND SERVICE OF
PROCESS IN ANY SUCH SUIT BEING MADE UPON THE BORROWER BY MAIL AT THE ADDRESS
SPECIFIED IN §18 HEREOF.  THE BORROWER
HEREBY WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF
ANY SUCH SUIT OR ANY SUCH COURT OR THAT SUCH SUIT IS BROUGHT IN AN INCONVENIENT
COURT.

§20.        HEADINGS.

The
captions in this Credit Agreement are for convenience of reference only and
shall not define or limit the provisions hereof.

§21.        COUNTERPARTS.

This
Credit Agreement and any amendment hereof may be executed in several
counterparts and by each party on a separate counterpart, each of which when
executed and delivered shall be an original, and all of which together shall
constitute one instrument.  In proving
this Credit Agreement it shall not be necessary to produce or account for more
than one such counterpart signed by the party against whom enforcement is
sought.  Delivery by facsimile by any of
the parties hereto of an executed counterpart hereof or of any amendment or
waiver hereto shall be as effective as an original executed counterpart hereof
or of such amendment or waiver and shall be considered a representation that an
original executed counterpart hereof or such amendment or waiver, as the case
may be, will be delivered.

§22.        ENTIRE
AGREEMENT, ETC.

The
Loan Documents and any other documents executed in connection herewith or
therewith express the entire understanding of the parties with respect to the
transactions contemplated hereby. Neither this Credit Agreement nor any term
hereof may be changed, waived, discharged or terminated, except as provided in
§24 hereof.

§23.        WAIVER
OF JURY TRIAL.

Each
party hereto hereby waives its right to a jury trial with respect to any action
or claim arising out of any dispute in connection with this Credit Agreement or
any of the other Loan Documents, any rights or obligations hereunder or
thereunder or the performance of which rights and obligations.  Except as prohibited by law, the Borrower
hereby waives any right it may have to claim or recover in any litigation
referred to in the preceding sentence any special, exemplary, punitive or
consequential damages or any damages other than, or in addition to, actual
damages.  The Borrower (a) certifies that
no representative, agent or attorney of any Lender or the Administrative Agent
has represented, expressly or otherwise, that such Lender or the Administrative
Agent would not, in the event of litigation, seek to enforce the foregoing
waivers and (b) acknowledges that the Administrative Agent and the Lenders have
been induced to enter into this Credit 

 100
 

Agreement, the other Loan Documents to which it is a
party by, among other things, the waivers and certifications contained herein.

§24.        CONSENTS,
AMENDMENTS, WAIVERS, ETC.

Any consent or approval required or permitted by this
Credit Agreement to be given by the Lenders may be given, and any term of this
Credit Agreement, the other Loan Documents or any other instrument related
hereto or mentioned herein may be amended, and the performance or observance by
the Borrower or any of its Subsidiaries of any terms of this Credit Agreement,
the other Loan Documents or such other instrument or the continuance of any
Default or Event of Default may be waived (either generally or in a particular
instance and either retroactively or prospectively) with, but only with, the
written consent of the Borrower, the written consent of the Required Lenders
and the written acknowledgment of the Administrative Agent.  Notwithstanding the foregoing, (a) the rate
of interest on the Loans and the amount of any Facility Fees or Utilization
Fees may not be reduced or forgiven, the term of the Loans or the Commitments may
not be extended, the regularly scheduled payment date for principal or interest
on the Loans, the Reimbursement Obligations or any Facility Fees or Utilization
Fees may not be postponed or extended, and the Commitment Amounts of a Lender
may not be increased, in each case without the written consent of the Borrower
and the written consent of each Lender directly affected thereby; (b) the
principal amount of any Loans or the Reimbursement Obligations may not be
forgiven without the written consent of each Lender directly affected thereby;
(c) this §24 may not be changed without the written consent of the Borrower and
the written consent of all of the Lenders; (d) the definition of Required
Lenders may not be amended without the written consent of all of the Lenders;
(e) the Administrative Agent may not release any guaranty for the Obligations
(except as provided in §4.14 hereof) without the written consent of all the
Lenders; (f) the amount of the Administrative Agent Fees payable for the
account of the Administrative Agent, any provision applicable to the Swing Line
Loans and the Administrative Agent in its capacity as lender of the Swing Line
Loans, and §13 hereof may not be amended without the written consent of the
Administrative Agent; (g) no provision applicable to the Issuing Bank may be amended
without the written consent of the Issuing Bank; and (h) §1.5 or the definition
of “Alternative Currency” may not be amended without the written consent of
each Lender. No waiver shall extend to or affect any obligation not expressly
waived or impair any right consequent thereon. 
No course of dealing or delay or omission on the part of the
Administrative Agent or any Lender in exercising any right shall operate as a
waiver thereof or otherwise be prejudicial thereto.  No notice to or demand upon the Borrower
shall entitle the Borrower to other or further notice or demand in similar or
other circumstances.

§25.        TREATMENT
OF CERTAIN CONFIDENTIAL INFORMATION.

§25.1.     Confidentiality.  Each of the Lenders and the Administrative
Agent agrees, on behalf of itself and each of its Affiliates, directors,
officers, employees and representatives, to use reasonable precautions to keep
confidential, in accordance with their customary procedures for handling
confidential information of the same nature and 

 101
 

in accordance with safe and sound banking practices,
any Confidential Information supplied to it by the Borrower or any of its
Subsidiaries pursuant to this Credit Agreement, provided that nothing herein
shall limit the disclosure of any such information (a) after such information
shall have become public other than through a violation of this §25 or becomes
available to any of the Lenders or the Administrative Agent on a
nonconfidential basis from a source other than the Borrower or any of its
Subsidiaries, (b) to the extent required by statute, rule, regulation or
judicial process, (c) to counsel for any of the Lenders or the Administrative
Agent, (d) to bank examiners, any other regulatory authority having
jurisdiction over any Lender or the Administrative Agent (to the extent
required by such Lender by law or subpoena, but only to the extent permitted by
applicable laws and regulations, including those applying to classified
materials), or to auditors or accountants (provided such auditor or accountant
has agreed to be bound by this §25), (e) to the Administrative Agent, any
Lender or, solely in connection with this Credit Agreement and the transactions
contemplated hereby, any Financial Affiliate (provided such Financial Affiliate
has agreed in a writing enforceable by the Borrower to be bound by this §25),
(f) in connection with any litigation to which any one or more of the Lenders,
the Administrative Agent or any Financial Affiliate is a party, or in
connection with the enforcement of rights or remedies hereunder or under any
other Loan Document, (g) solely in connection with this Credit Agreement and
the transactions contemplated hereby, to a Lender Affiliate or a Subsidiary or
Affiliate of the Administrative Agent (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), (h) to
any assignee or participant (or prospective assignee or participant) or any
actual or prospective counterparty (or its advisors) to any swap or derivative
transactions referenced to credit or other risks or events arising under this
Credit Agreement or any other Loan Document so long as such assignee,
participant or counterparty, as the case may be, agrees in a writing
enforceable by the Borrower to be bound by the provisions of this §25 or (i)
with the consent of the Borrower.

§25.2.     Prior Notification.  Unless specifically prohibited by applicable
law or court order, each of the Lenders and the Administrative Agent shall,
prior to disclosure thereof, notify the Borrower of any request for disclosure
of any such non-public information by any governmental agency or representative
thereof (other than any such request in connection with an examination of the
financial condition of such Lender by such governmental agency) or pursuant to
legal process including, without limitation, any disclosure under §25.1(b), (d)
or (f).  In addition to, and without
limiting the foregoing, each of the Lenders and the Administrative Agent shall
permit the Borrower to intervene in any relevant proceedings to protect its
interests in the non-public information and shall provide reasonable
cooperation to the Borrower, at the Borrower’s expense, in seeking to obtain
such protection.  Each of the Lenders and
the Administrative Agent further agrees that if the Borrower is not successful
in precluding the court or other legal body from requiring the disclosure of
the non-public information, such Lender or the Administrative Agent, as the case
may be, will furnish only that portion of the non-public information which it
in good faith reasonably considers to be legally required and, at the request
and expense of the Borrower, will exercise all reasonable efforts to obtain
reliable assurances that confidential treatment will be accorded the non-public
information.

 102
 

§25.3.     Other.  In no event shall any Lender or the
Administrative Agent be obligated or required to return any materials furnished
to it or any Financial Affiliate by the Borrower or any of its
Subsidiaries.  The obligations of each
Lender under this §25 shall supersede and replace the obligations of such
Lender under any confidentiality letter in respect of this financing signed and
delivered by such Lender to the Borrower prior to the date hereof and shall be
binding upon any assignee of, or purchaser of any participation in, any
interest in any of the Loans or Reimbursement Obligations from any Lender.

§26.        SEVERABILITY.

The provisions of this Credit Agreement are severable
and if any one clause or provision hereof shall be held invalid or
unenforceable in whole or in part in any jurisdiction, then such invalidity or
unenforceability shall affect only such clause or provision, or part thereof,
in such jurisdiction, and shall not in any manner affect such clause or
provision in any other jurisdiction, or any other clause or provision of this
Credit Agreement in any jurisdiction.

§27.        JUDGMENT CURRENCY.

If, for the purposes of obtaining judgment in any
court, it is necessary to convert a sum due hereunder or any other Loan
Document in one currency into another currency, the rate of exchange used shall
be that at which in accordance with normal banking procedures the
Administrative Agent could purchase the first currency with such other currency
on the Business Day preceding that on which final judgment is given.  The obligation of the Borrower in respect of
any such sum due from it to the Administrative Agent or the Lenders hereunder
or under the other Loan Documents shall, notwithstanding any judgment in a
currency (the “Judgment  Currency”) other than that in which such
sum is denominated in accordance with the applicable provisions of this Credit
Agreement (the “Agreement  Currency”), be discharged only to the
extent that on the Business Day following receipt by the Administrative Agent
of any sum adjudged to be so due in the Judgment Currency, the Administrative
Agent may in accordance with normal banking procedures purchase the Agreement
Currency with the Judgment Currency.  If
the amount of the Agreement Currency so purchased is less than the sum
originally due to the Administrative Agent from the Borrower in the Agreement
Currency, such Borrower agrees, as a separate obligation and notwithstanding
any such judgment, to indemnify the Administrative Agent or the Person to whom
such obligation was owing against such loss. 
If the amount of the Agreement Currency so purchased is greater than the
sum originally due to the Administrative Agent in such currency, the
Administrative Agent agrees to return the amount of any excess to such Borrower
(or to any other Person who may be entitled thereto under applicable law).

§28.        USA PATRIOT Act Notice.

Each Lender that is subject to the Act (as hereinafter
defined) and the Administrative Agent (for itself and not on behalf of any
Lender) hereby notifies the 

 103
 

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 the Borrower, which information
includes the name and address of the Borrower and other information that will
allow such Lender or the Administrative Agent, as applicable, to identify such
Borrower in accordance with the Act.

§29.        NO ADVISORY OR FIDUCIARY
RESPONSIBILITY.

In connection with all
aspects of each transaction contemplated hereby, the Borrower acknowledges and
agrees, and acknowledges its Affiliates’ understanding, that: (i) the credit
facility provided for hereunder and any related arranging or other services in
connection therewith (including in connection with any amendment, waiver or
other modification hereof or of any other Loan Document) are an arm’s-length
commercial transaction between the Borrower and its Affiliates, on the one
hand, and the Administrative Agent, the Arranger and the Lenders, on the other
hand, and the Borrower is capable of evaluating and understanding and
understands and accepts the terms, risks and conditions of the transactions
contemplated hereby and by the other Loan Documents (including any amendment,
waiver or other modification hereof or thereof); (ii) in connection with the
process leading to such transaction, the Administrative Agent, the Arranger and
the Lenders each is and has been acting solely as a principal and is not the
financial advisor, agent or fiduciary, for the Borrower or any of its
Affiliates, stockholders, creditors or employees or any other Person; (iii)
none of the Administrative Agent, the Arranger nor any Lender has assumed or
will assume an advisory, agency or fiduciary responsibility in favor of the
Borrower with respect to any of the transactions contemplated hereby or the
process leading thereto, including with respect to any amendment, waiver or
other modification hereof or of any other Loan Document (irrespective of
whether the Administrative Agent, the Arranger or any Lender has advised or is
currently advising the Borrower or its Affiliates on other matters) and none of
the Administrative Agent, the Arranger nor any Lender has any obligation to the
Borrower or its Affiliates with respect to the transactions contemplated hereby
except those obligations expressly set forth herein and in the other Loan
Documents; (iv) the Administrative Agent, the Arranger, the Lenders and their
respective Affiliates may be engaged in a broad range of transactions that
involve interests that differ from those of the Borrower and its Affiliates,
and none of the Administrative Agent, the Arranger nor any Lender has any
obligation to disclose any of such interests by virtue of any advisory, agency
or fiduciary relationship; and (v) none of the Administrative Agent, the
Arranger nor any Lender has provided or will provide any legal, accounting,
regulatory or tax advice with respect to any of the transactions contemplated
hereby (including any amendment, waiver or other modification hereof or of any
other Loan Document) and the Borrower has consulted its own legal, accounting,
regulatory and tax advisors to the extent it has deemed appropriate.  The Borrower hereby waives and releases, to
the fullest extent permitted by law, any claims that it may have against the
Administrative Agent, the Arranger or any Lender with respect to any breach or
alleged breach of agency or fiduciary duty.

 104
 

§30.        TRANSITIONAL ARRANGEMENTS.

(a)           On the Closing Date, this
Agreement shall supersede the Existing Credit Agreement in its entirety, except
as provided in this §30.  On the Closing
Date, the rights and obligations of the parties evidenced by the Existing
Credit Agreement shall be evidenced by this Credit Agreement and the other Loan
Documents, and the Existing Letters of Credit issued by any Issuing Bank for
the account of the Borrower prior to the Closing Date shall be converted into
Letters of Credit under this Credit Agreement.

(b)           All interest and fees and
expenses, if any, owing or accruing under or in respect of the Existing Credit
Agreement through the Closing Date shall be calculated as of the Closing Date
(pro rated in the case of any fractional periods), and shall be paid on the
Closing Date.  Commencing on the Closing
Date, the Facility Fee and Utilization Fee shall be payable by the Borrower to
the Administrative Agent for the account of the Lenders in accordance with §4.2.1
and §4.2.2, respectively.

[signature
pages follow]

 105

IN
WITNESS WHEREOF, the undersigned have duly executed this
Credit Agreement as a sealed instrument as of the date first set forth above.

	
   

  	
  STAPLES, INC.

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ John J. Mahoney

  	
   

  
	
   

  	
  Name: John J. Mahoney

  
	
   

  	
  Title: Vice Chairman and Chief Financial Officer

  
	
   

  	
   

  
	
   

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

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ John Pocalyko

  	
   

  
	
   

  	
  Name: John Pocalyko

  
	
   

  	
  Title: Senior Vice President

  
	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A., as
  Issuing Bank, lender of Swing Line Loans and a Lender

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ John Pocalyko

  	
   

  
	
   

  	
  Name: John Pocalyko

  
	
   

  	
  Title: Senior Vice President

  
	
   

  	
   

  
	
   

  	
  CITIBANK N.A., individually
  and as Syndication Agent

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ D. Lawther

  	
   

  
	
   

  	
  Name: D. Lawther

  
	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
   

  	
  HSBC BANK USA, NATIONAL ASSOCIATION, individually
  and as Documentation Agent

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Kyu Hwang

  	
   

  
	
   

  	
  Name: Kyu Hwang

  
	
   

  	
  Title: Senior Vice President

  
	
   

  	
   

  
	
   

  	
  JPMORGAN CHASE BANK, N.A.,
  individually and as Co-Documentation Agent

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Christine Herrick

  	
   

  
	
   

  	
  Name: Christine Herrick

  
	
   

  	
  Title: Vice President

  

 

 

	
  

  	
  WACHOVIA BANK, NATIONAL ASSOCIATION, individually
  and as Co-Documentation Agent

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Mark S. Supple

  	
   

  
	
   

  	
  Name: Mark S. Supple

  
	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
   

  	
  KEY BANK NATIONAL ASSOCIATION

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Marianne T. Meil

  	
   

  
	
   

  	
  Name: Marianne T. Meil

  
	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
   

  	
  SOVEREIGN BANK

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Judith C.E. Kelly

  	
   

  
	
   

  	
  Name: Judith C.E. Kelly

  
	
   

  	
  Title: Senior Vice President

  
	
   

  	
   

  
	
   

  	
  UNION BANK OF CALIFORNIA, N.A.

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Tawny J. Palovchik

  	
   

  
	
   

  	
  Name: Tawny J. Palovchik

  
	
   

  	
  Title: Investment Banking Officer

  
	
   

  	
   

  
	
   

  	
  U.S. BANK NATIONAL ASSOCIATION

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Kenneth Ziebart

  	
   

  
	
   

  	
  Name: Kenneth Ziebart

  
	
   

  	
  Title: Banking Officer

  
	
   

  	
   

  
	
   

  	
  THE BANK OF NEW YORK

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ William Barnum

  	
   

  
	
   

  	
  Name: William Barnum

  
	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
   

  	
  THE BANK OF NOVA SCOTIA

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Todd S. Meller

  	
   

  
	
   

  	
  Name: Todd S. Meller

  
	
   

  	
  Title: Managing Director

  
						

 

 

	
  

  	
  BARCLAYS BANK PLC

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Nicholas Bell

  	
   

  
	
   

  	
  Name: Nicholas Bell

  
	
   

  	
  Title: Director

  
	
   

  	
   

  
	
   

  	
  CREDIT SUISSE, CAYMAN ISLANDS BRANCH

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Vanessa Gomez

  	
   

  
	
   

  	
  Name: Vanessa Gomez

  
	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Shaheen Malik

  	
   

  
	
   

  	
  Name: Shaheen Malik

  
	
   

  	
  Title: Associate

  
	
   

  	
   

  
	
   

  	
  DEUTSCHE BANK AG NEW YORK BRANCH

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Frederick W. Laird

  	
   

  
	
   

  	
  Name: Frederick W. Laird

  
	
   

  	
  Title: Managing Director

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Vincent K. Wong

  	
   

  
	
   

  	
  Name: Vincent K. Wong

  
	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
   

  	
  LEHMAN COMMERCIAL PAPER INC.

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Janine M. Shugan

  	
   

  
	
   

  	
  Name: Janine M. Shugan

  
	
   

  	
  Title: Authorized Signatory

  
	
   

  	
   

  
	
   

  	
  PNC BANK, N.A.

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Michael Richards

  	
   

  
	
   

  	
  Name: Michael Richards

  
	
   

  	
  Title: Senior Vice President

  
	
   

  	
   

  
	
   

  	
  SUMITOMO MITSUI BANKING CORP., NEW YORK

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Shigeru Tsuru

  	
   

  
	
   

  	
  Name: Shigeru Tsuru

  
	
   

  	
  Title: Joint General Manager

  
					

 

 

	
  

  	
  WILLIAM STREET CREDIT CORPORATION

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Mark Walton

  	
   

  
	
   

  	
  Name: Mark Walton

  
	
   

  	
  Title: Assistant Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]