Document:

EX-10.2

 Exhibit 10.2 
  

							
	 Personal & Confidential
  
	 		 	

	  	 

  

		 		  	Sysco Corporation
		 		  	1390 Enclave Parkway
		 		  	Houston, Texas 77077
		 		  	Telephone: 281-584-1390
		 		  	
	January 12, 2020	 		  	
		 		  	

 Thomas L. Bené 
 2139
Bancroft Drive 
 Houston, Texas 77027 
  

	 	Re:	 Employment with Sysco Corporation 

Dear Tom: 
 This letter agreement (this “Agreement”)
sets forth the payments and benefits you will be entitled to upon your departure from Sysco Corporation (the “Company”), subject to the terms of this Agreement. 

1. Timing of Your Departure: Your last date of employment will be March 1, 2020 (the “Separation Date”). Effective
as of January 13, 2020, you hereby resign as Chairman and a member of the Board of Directors of the Company. Effective January 31, 2020, you hereby resign from all positions you hold with the Company and its affiliates, including as
President and Chief Executive Officer as well as all other positions or appointments that you may hold by or through the Company and its affiliates, including but not limited to any industry panels or benefit plans. Between February 1, 2020 and
March 1, 2010, you will serve in an Executive Advisor role. Effective February 1, 2020 you will no longer be an officer of Sysco Corporation or a participant in the Management Incentive Plan (MIP). Because you will no longer be an MIP
participant, you will cease participation in the Disability Income Plan and any additional group life and accidental death and dismemberment benefits that have been in effect for you as a member of the plan. In addition, you will cease participation
in the Management Savings Plan and any associated salary/incentive deferrals will end. During the period between February 1, 2020 and the Separation Date, you will remain eligible for your base pay and other
non-MIP benefits. 
 Effective as of the Separation Date, you will no longer be eligible for a fiscal year 2020
annual incentive award under the Management Incentive Plan or otherwise. You agree to execute, promptly upon request by the Company or its affiliate, any additional documents reasonably necessary to effectuate any such resignation. 

 2. Separation Benefits: Upon the Separation Date, you will be eligible for the
benefits described as follows, contingent upon your compliance with the terms of this Agreement, including, but not limited to, your timely execution, without revocation, of a general release of claims (the “General Release”), provided to
you concurrently with this Agreement: 
 Severance Payment: You will be paid a one-time lump
sum cash severance payment equal to two (2) times the sum of your current base salary plus your target annual MIP bonus, in the aggregate amount of $6,000,000, less applicable taxes and deductions (the “Severance Payment”). The
Severance Payment will not be considered compensation under any compensation or benefit plan sponsored or maintained by Sysco. You will not be eligible for any other severance payment except as described herein, and there will be no duplication of
benefits. The Severance Payment will be made as soon as practicable but no later than thirty (30) days following the effective date of your executed and non-revoked General Release. 

Company-Subsidized Health Insurance Coverage: You will be eligible to receive coverage by Sysco of the entire premium cost for health care continuation
(the “Company-Subsidized Health Care Coverage”) in accordance with the terms provided herein. You will continue to be eligible for the Company-Subsidized Health Care Coverage until the earlier to occur of: (1) the date twenty-four
(24) months after your active employee coverage ends (the “Company Subsidized Health Care Coverage Period”); or (2) the date you are eligible to enroll in the health, dental and/or vision plans of another employer. During the
first eighteen (18) months of the Company Subsidized Health Care Coverage Period, your continued health care coverage will be provided through the federal law commonly known as COBRA. To be eligible for the Company- Subsidized Health Care
Coverage, your eligible dependents, if any, must be participating in Sysco’s group health, dental and vision plans on the Separation Date and must elect on a timely basis to continue that participation in some or all of the offered plans. In
addition, your continued access to the Company-Subsidized Health Care Coverage is dependent on you and your dependents continuing to be eligible to participate in Sysco’s offered plans through COBRA. You agree to notify Sysco promptly if you
are eligible to enroll in the plans of another employer or if you or any of your dependents cease to be eligible to continue participation in Company plans through COBRA. You will receive information under separate cover regarding the COBRA
enrollment process. After the end of such 18 month period, the Company will allow you and your dependents to continue to participate in, and receive coverage under, the Company’s group health plans for the following six
(6) months for your monthly payment of an amount equal to the premium then charged by the 

 
applicable group health plan for comparable continuation coverage under COBRA and the Company will reimburse you for the amount of the premium you pay no later than the last day of the month in
which you pay such premium. 
 In order to receive the Severance Payment and Company-Subsidized Health Care Coverage (the “Separation Benefits”),
you must execute a General Release on a timely basis. You will have at least (twenty-one days to consider whether to sign consider the release. As described more fully in the General Release, you have seven
days following the date you execute the General Release to revoke your signature by delivering a written revocation to Eve McFadden, Vice President - Legal, General Counsel and Corporate Secretary at the contact specified below. The General Release
will not become effective until you sign it and the seven-day revocation period has passed without you having exercised your right to revoke your signature. You will have until March 23, 2020 to execute
the General Release and if you do not execute the General Release on or before March 23, 2020 or if you revoke the General Release after you execute it, you will not receive the Separation Benefits. You are advised to consult an attorney prior
to executing the General Release. 
 3.    Post-Employment Restrictions: Your receipt of the Separation Benefits is
also contingent upon your adherence to your ongoing obligations to the Company regarding intellectual property, confidential information to which you had access by virtue of your employment, restrictions on competitive activities, and non-solicitation of employees and customers, including, but not limited to the restrictions contained in any existing noncompetition agreement with the Company. Failure to comply with restrictions on your
post-employment activities entitles Sysco to cease any remaining payments or benefits owed to you under this Agreement and if you breach any of your obligations to the Company or its affiliates related to restrictions on competitive activities or non-solicitation of employees or customers or your obligations under Section 4 of this Agreement, you will be obligated to repay to the Company the Severance Payment within ten (10) business days after a
final, non-appealable judgement is rendered by a court that you so breach such provision. Within ten (10) business days after the Separation Date, you will return to the Company all Company property in
your possession or control and all documents (electronic or otherwise) that are Company property or contain proprietary or confidential information of the Company or its affiliate. 

4.    Non-Disparagement; Cooperation. You agree that you will not make
or cause to be made, directly or indirectly, any statement or communication (whether oral, written, or electronic) that is, or may reasonably be considered to be, disparaging or negative about: (a) the Company or any of its affiliates;
(b) any director, officer or employee of the Company or any of its affiliates; or (c) the reputation or business of any of the foregoing. 

 
The Company agrees that the Company will instruct its directors to not, make or cause to be made, directly or indirectly, any statement or communication (whether oral, written, or electronic)
that is, or may reasonably be considered to be, disparaging or negative about you or your service to or employment with the Company. You further agree to reasonably cooperate with and assist the Company and each of its affiliate in any legal dispute
or regulatory matter in which the Company or an affiliate may become involved, including providing information, documents, submitting to depositions, and providing testimony, if requested, related to events which predate this Agreement. The
Company’s requests for cooperation shall not materially interfere with your work, civic or other responsibilities. The Company shall pay any expenses incurred by you in connection with such cooperation. 

5.    Career Transition Services: You are immediately eligible for executive outplacement services using a vendor of
Sysco’s choice. 
 6.    Other Compensation and Benefits: You will be paid for any earned but
unused vacation at the time of your separation from employment, and you also will be reimbursed for eligible business expenses that you incurred during the course of your employment per Company policy and are submitted (along with the requisite
documentation) within twenty-one (21) calendar days after the Separation Date, provided that you will not be reimbursed for any such expenses incurred on or after the Separation Date. The automatic
company contribution under the 401(k) plan will continue through the Separation Date, but you will not be eligible for the 50% company match for 2020 because you will not be employed by Sysco at the end of calendar 2020. You are not eligible for a
company match under the MSP for calendar year 2020. Distributions from your 401k and MSP balances will be governed by the terms of each plan and any applicable distribution elections you have made. You agree that except as specifically stated in
this Agreement or with respect to any vested benefits under any tax-qualified employee benefit plan or eligible claims submitted in accordance with the Company’s group health, dental and vision plans and
that arose prior to the Separation Date, you are not entitled to any other compensation from the Company or its affiliates. Unless otherwise provided herein, you shall continue to be entitled to benefits under every other employee benefit plan
maintained by the Company in which you participate in accordance with the terms of such plan through the Separation Date. 

7.    Long Term Incentive and Equity Awards: Vesting of any equity awards held by you, including but not
limited to stock options, restricted stock units (“RSUs”) and performance share units (“PSUs”), will cease as of the Separation Date and any unvested equity awards that you hold will be forfeited as of the Separation Date. Vested
stock options must be exercised no later than the date that is 90 days after the Separation Date, in accordance with the terms of the applicable equity incentive plan and award agreements. 

 8.    Notices. All notices, demands, consents or
communications required or permitted hereunder will be in writing and will be deemed to be given if addressed and delivered as provided below (or at such other physical or electronic address as specified by the addressee for purposes of notice under
this Agreement): 
  

			
	To the Company:	  	Sysco Corporation
		  	1390 Enclave Parkway Houston, TX
		  	Attention: General Counsel
		  	Fax: (281) 584-2510
		
	To the executive:	  	Thomas L. Bené
		  	At address currently on the Company’s records

 9.    Governing Law and Interpretation. This Agreement will be governed and
controlled by and in accordance with the laws of the State of Texas without regard to its conflict of laws provisions. In the event you or the Company breaches any provision of this Agreement, you and the Company affirm that either may institute an
action to specifically enforce any term or terms of this Agreement. Should any provision of this Agreement be declared illegal or unenforceable and cannot be modified to be enforceable, excluding the General Release language, such provision will
immediately become null and void, leaving the remainder of this Agreement in full force and effect. 
 10.    Section
409A. The Severance Payment is intended to be exempt from the requirements of Section 409A under the short-term deferral exception and the group health plan continuation coverage benefits under this Agreement are intended to
comply with Section 409A, to the extent subject thereto, and accordingly, such payments and benefits will be interpreted and administered to be in compliance with or exempt from Section 409A. Notwithstanding anything to the contrary, you
will not be considered to have terminated employment with Sysco for purposes of any payments or benefits under this Agreement which are subject to Section 409A until you have incurred a “separation from service” within the meaning of
Section 409A. Each amount to be paid or benefit to be provided under this Agreement will be construed as a separate identified payment for purposes of Section 409A. To the extent required in order to avoid accelerated taxation and/or tax
penalties under Section 409A, payments and benefits that would otherwise be paid or provided pursuant to any other arrangement between you and Sysco during the six-month period immediately following your
separation from service will instead be paid on the first business day after the date that is six months following your separation from service (or, if earlier, your date of death). To the extent required to avoid any accelerated or additional tax
under Section 409A, amounts reimbursable to you under this Agreement will be paid to you on or before the last day of the year following the year in which the expense was incurred and the amount of expenses eligible for reimbursement (and
in-

 
kind benefits provided to you) during one year may not affect amounts reimbursable or provided in any subsequent year. Sysco makes no representation that any or all of the payments and benefits
described in this Agreement will be exempt from or comply with Section 409A and makes no undertaking to preclude Section 409A from applying to any such payment. 

11.    Amendment: This Agreement may not be modified, altered or changed except upon express written consent
of you and the Company wherein specific reference is made to this Agreement, and in accordance with Section 409A. 

12.    Attorney’s Fees. The Company will pay or reimburse you for up to $10,000 in attorney’s fees you
incur in negotiating this Agreement. 
 13.    Entire Agreement: This Agreement sets forth the entire
agreement between you, the Company and its affiliates with respect to the subject matter contained herein and this Agreement fully supersedes any prior agreements or understandings between the parties, except as specified herein. Each party
acknowledges that it has not relied on any representations, promises, or agreements of any kind made to it in connection with the other party’s decision to enter into this Agreement. 

Please sign below and return an executed original of this Agreement to me by the Release Date to acknowledge your understanding of and agreement with the
terms and conditions above. 
  

	
	Sincerely,
	
	 /s/ Edward D. Shirley

	Edward D. Shirley
	
	Member, Board of Directors of Sysco Corporation
	
	Enclosure

  

	cc:	 John M. Cassaday, Chair, Compensation and Leadership Development 

Committee of the Board of Directors of Sysco Corporation 

Paul T. Moskowitz, Executive Vice President, Human Resources 

Eve McFadden, Vice President, Legal, General Counsel and Corporate Secretary 

 AGREED: 
 I
have read, understand, and agree to the terms and conditions set forth in the Agreement from Edward D. Shirley dated January 12, 2020. 
  

	
	 /s/ Thomas L. Bené

	Thomas L. Bené
	
	Date: 01/13/2020a8kexhibit

                                                          EXECUTION VERSION                INCREMENTAL AMENDMENT NO. 8 (this “Amendment”), dated as of  January 15, 2020, among ARAMARK Services, Inc., a Delaware corporation (the “Company” or  the “U.S. Borrower”), ARAMARK INTERMEDIATE HOLDCO CORPORATION, a Delaware  corporation (“Holdings”), each Subsidiary Guarantor, each U.S. Term B-4 Lender (as defined  below) party hereto, and JPMORGAN CHASE BANK, N.A., as administrative agent for the  Lenders and collateral agent for the Secured Parties (in such capacities, the “Agent”) to the  Credit Agreement, dated as of March 28, 2017 (as amended by Incremental Amendment No. 1,  dated as of September 20, 2017, as further amended by Incremental Amendment No. 2, dated as  of December 11, 2017, as further amended by Incremental Amendment No. 3, dated as of  February 28, 2018, as further amended by Amendment No. 4, dated as of May 11, 2018, as  further amended by Amendment No. 5, dated as of May 24, 2018, as further amended by  Amendment No. 6, dated as of June 12, 2018, as further amended by Amendment No. 7, dated as  of October 1, 2018 and as amended, supplemented, amended and restated or otherwise modified  from time to time prior to the Incremental Amendment No. 8 Effective Date (as defined below),  the “Existing Credit Agreement”), among the Borrowers (as defined therein), Holdings, the  Subsidiary Guarantors (as defined therein) from time to time party thereto, the Agent and the  other parties thereto from time to time.  The Existing Credit Agreement as amended hereby is  referred to as the “Amended Credit Agreement.”  Capitalized terms used and not otherwise  defined herein shall have the meanings assigned to them in the Amended Credit Agreement.                 WHEREAS, the U.S. Borrower desires to amend the Existing Credit Agreement  to incur New Term Loans in the form of U.S. Term B-4 Loans (as defined in the Amended  Credit Agreement) in an aggregate principal amount of approximately $900,000,000 (the “U.S.  Term B-4 Loans”), pursuant to Section 2.19 of the Existing Credit Agreement, the proceeds of  which, together with borrowings under the revolving credit facility, shall be used to redeem all of  the U.S. Borrower’s outstanding 5.125% Senior Notes due 2024 (the “2024 Notes”) and to pay  fees and expenses in connection with the transactions contemplated hereby;               WHEREAS, each Person listed in Schedule 1 hereto (each a “U.S. Term B-4  Lender”) has agreed to provide U.S. Term B-4 Loans in the aggregate principal amount set forth  opposite such U.S. Term B-4 Lender’s name therein (the “U.S. Term B-4 Commitments”), which  shall be available on the Incremental Amendment No. 8 Effective Date and structured as a new  tranche of term loans of a new class under the Amended Credit Agreement;               WHEREAS, each U.S. Term B-4 Lender shall hereby become a Lender under the  Amended Credit Agreement and a party to the Loss Sharing Agreement in accordance with  Section 2.19(a) of the Existing Credit Agreement;                WHEREAS, Credit Suisse Loan Funding LLC, Barclays Bank PLC, BofA  Securities, Inc., Goldman Sachs Lending Partners LLC, JPMorgan Chase Bank, N.A. and Wells  Fargo Securities, LLC (collectively, the “Incremental Amendment No. 8 Joint Lead Arrangers”)  are joint lead arranger and joint bookrunners for this Amendment;               WHEREAS, Capital One, National Association, Citigroup Global Markets Inc.,  Coӧperatieve Rabobank U.A., New York Branch, Morgan Stanley Senior Funding, Inc., PNC  Capital Markets LLC, Sumitomo Mitsui Banking Corporation, TD Securities (USA) LLC, The  Bank of Nova Scotia and U.S. Bank National Association (collectively, the “Incremental                                                

 

                                     -2-    Amendment No. 8 Co-Documentation Agents” and, together with the Incremental Amendment  No. 8 Joint Lead Arrangers, the “Incremental Amendment No. 8 Arrangers”) are co- documentation agents for this Amendment; and                NOW, THEREFORE, in consideration of the premises contained herein and for  other good and valuable consideration, the receipt and sufficiency of which are hereby  acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:               Section 1.  Establishment of New Term Loans and New Term  Commitments.  Subject to the terms and conditions set forth in this Amendment and in the  Existing Credit Agreement, as of the Incremental Amendment No. 8 Effective Date, each U.S.  Term B-4 Lender agrees to provide U.S. Term B-4 Loans in the amount set forth opposite its  name on Schedule 1 to this Amendment under the caption “U.S. Term B-4 Commitments”.               Section 2.  Amendment.  The Existing Credit Agreement is, effective as of  the Incremental Amendment No. 8 Effective Date, hereby amended to delete the stricken text  (indicated textually in the same manner as the following example: stricken text) and to add the  double-underlined text (indicated textually in the same manner as the following example:  double-underlined text) as set forth in the pages attached as Exhibit A hereto, except for the  Reference Rate Replacement Amendments (as defined in the Amended Credit Agreement),  which shall be effective on and subject to the occurrence of the Reference Rate Replacement  Amendments Effective Date (as defined in the Amended Credit Agreement).               Section 3.  Effectiveness. The Amendment shall become effective on the date  (the “Incremental Amendment No. 8 Effective Date”) that each of the conditions set forth below  in this Section 3 has been satisfied:               (a)   Execution of this Amendment.  The Agent (or its counsel) shall have  received from the U.S. Borrower, each Loan Guarantor, the Agent and each U.S. Term B-4  Lender either (A) a counterpart of this Amendment signed on behalf of such party or (B) written  evidence satisfactory to the Agent (which may include facsimile transmission of a signed  signature page of this Amendment) that such party has signed a counterpart of the Amendment.                 (b)   Legal Opinions.  The Agent shall have received, on behalf of itself and the  Lenders on the Incremental Amendment No. 8 Effective Date, a written opinion of Simpson  Thacher & Bartlett LLP, New York counsel for the Loan Parties (A) dated the Incremental  Amendment No. 8 Effective Date, (B) addressed to the Agent and the Lenders and (C) in form  and substance reasonably satisfactory to the Agent and covering such other matters relating to  the Loan Documents and the transactions contemplated by this Amendment, as the Agent shall  reasonably request.               (c)   Closing Certificates; Certified Certificate of Incorporation; Good Standing  Certificates.  The Agent shall have received (i) a certificate of the U.S. Borrower, dated the  Incremental Amendment No. 8 Effective Date and executed by its Secretary, Assistant Secretary  or director, which shall (A) certify the resolutions of its Board of Directors, members or other  body authorizing the execution, delivery and performance of the Loan Documents to which it is a                                             

 

                                     -3-    party, (B) identify by name and title and bear the signatures of the other officers of the U.S.  Borrower authorized to sign the Loan Documents to which it is a party, and (C) contain  appropriate attachments, including the certificate or articles of incorporation or organization of  the U.S. Borrower and a true and correct copy of its by-laws and articles of incorporation (or, in  each case, certify that there have been no modifications to such documents since those  previously delivered to the Administrative Agent or the Incremental Amendment No. 8 Joint  Lead Arrangers), and (ii) a good standing certificate for the U.S. Borrower and each of the Loan  Guarantors from its respective jurisdiction of organization.               (d)   Officers’ Certificate.  The Agent shall have received an Officers’  Certificate, dated as of the Incremental Amendment No. 8 Effective Date, certifying as to the  satisfaction of the conditions set forth in Section 3(h) below.               (e)   Fees.  The Agent shall have received (i) all fees required to be paid to  them by the U.S. Borrower mutually agreed prior to the Incremental Amendment No. 8 Effective  Date and (ii) all out-of-pocket expenses (including the reasonable documented fees and expenses  of external legal counsel) for which invoices have been presented to such U.S. Borrower at least  three business days prior to the Incremental Amendment No. 8 Effective Date.                 (f)   Solvency.  The Agent shall have received a customary certificate from the  chief financial officer of the U.S. Borrower certifying that Holdings and its Subsidiaries, on a  consolidated basis on the Incremental Amendment No. 8 Effective Date after giving effect to the  transactions contemplated hereby, are solvent (within the meaning of Section 3.15 of the Credit  Agreement).               (g)   Borrowing Notice.  The Agent shall have received from the U.S. Borrower  a customary borrowing notice in accordance with the terms of the Amended Credit Agreement.               (h)   No Default; Representations and Warranties.  (x) No Default or Event of  Default has occurred or is continuing on the Incremental Amendment No. 8 Effective Date  before or after giving effect to the U.S. Term B-4 Commitments and the transactions  contemplated hereby; (y) the U.S. Borrower and the Restricted Subsidiaries are in pro forma  compliance with Section 6.10 of the Credit Agreement as of the last day of the most recently  ended fiscal quarter prior to the Incremental Amendment No. 8 Effective Date and as in effect on  the Incremental Amendment No. 8 Effective Date after giving effect to the U.S. Term B-4  Commitments; and (z) the representations and warranties set forth in Article III of the Credit  Agreement and in the other Loan Documents are true and correct in all material respects on and  as of the Incremental Amendment No. 8 Effective Date, except to the extent such representations  and warranties expressly relate to an earlier date, in which case such representations and  warranties are true and correct in all material respects as of such earlier date; provided that any  representation or warranty that is qualified as to materiality or “Material Adverse Effect” shall be  true and correct in all respects.                (i)   Redemption of the 2024 Notes.  Substantially simultaneously with the  initial borrowing of the U.S. Term B-4 Loans, the U.S. Borrower shall deposit with the trustee  for the 2024 Notes such amounts as are necessary for the redemption of the 2024 Notes in whole.                                             

 

                                     -4-                (j)   Flood Documentation. The Agent shall have received, with respect to each  Mortgaged Property, (x) a completed “Life-of-Loan” Federal Emergency Management Agency  Standard Flood Hazard Determination and (y) if any improvement is located on any portion of  any Mortgaged Property in an area identified by the Federal Emergency Management Agency  (or any successor agency) as a Special Flood Hazard Area with respect to which flood insurance  has been made available under the National Flood Insurance Reform Act of 1994 (as now or  hereafter in effect or successor act thereto), a notice about special flood hazard area status and  flood disaster assistance duly executed by the U.S. Borrower relating thereto and the evidence of  flood insurance required by Section 5.10 of the Amended Credit Agreement and the Flood  Insurance Laws.               Section 4.  Post-Closing Covenants.  No later than 90 days following the  Incremental Amendment No. 8 Effective Date (or such longer time period as may be reasonably  agreed to by the Agent), the U.S. Borrower shall deliver or cause to be delivered to the Agent  with respect to each Mortgage either:               (a)   No Mortgage Amendment Necessary               Written or e-mail confirmation from local counsel in the jurisdiction in which        such Mortgaged Property is located substantially to the effect that: (i) the recording of        the existing Mortgage (and any related fixture filing) is the only filing or recording        necessary to give constructive notice to third parties of the lien created by such        Mortgage as security for the Obligations, including the Obligations evidenced by this        Amendment and the other documents executed in connection herewith, for the benefit of        the Secured Parties, and (ii) no other documents, instruments, filings, recordings, re-       recordings, re-filings or other actions, including, without limitation, the payment of any        mortgage recording taxes or similar taxes are necessary or appropriate under applicable        law in order to maintain the continued enforceability, validity or priority of the lien        created by such Mortgage as security for the Obligations, including the Obligations        evidenced by this Amendment and the other documents executed in connection        herewith, for the benefit of the Secured Parties; or, for any Mortgage recorded in a        jurisdiction in which local counsel is unable to provide the foregoing written or email        confirmation, with respect to such Mortgage, the deliverables listed in Section 4(b)        below; or                (b)   Mortgage Amendment Necessary                (i)  An amendment to such Mortgage (each, a “Mortgage Amendment”) duly        executed and acknowledged by the applicable Loan Party, and in form for recording in        the recording office where the respective Mortgage was recorded, together with such        certificates, affidavits, questionnaires or returns as shall be required in connection with        the recording or filing thereof under applicable law, in each case in form and substance        reasonably satisfactory to the Agent;                                              

 

                                     -5-                 (ii) executed legal opinions regarding the enforceability of the Mortgages, as        amended by the applicable Mortgage Amendment, and other customary opinions, in        form and substance satisfactory to the Agent;                (iii) a datedown endorsement to the existing mortgage title insurance policies        relating to the Mortgage encumbering the Mortgaged Property subject to such Mortgage        assuring the Agent that such Mortgage, as amended by such Mortgage Amendment is a        valid and enforceable first priority lien on such Mortgaged Property in favor of the Agent        free and clear of all defects, encumbrances and liens except for Permitted Liens, and such        endorsements shall otherwise be in form and substance reasonably satisfactory to the        Agent; and                (iv) evidence acceptable to the Agent of payment by the U.S. Borrower of all        applicable title insurance premiums, search and examination charges, and related        charges, mortgage recording taxes, fees, charges, costs and expenses required for the        recording of the Mortgage Amendments and issuance of the title endorsements.               Notwithstanding anything herein to the contrary, the Agent may waive the  requirements of this Section 4 if the Agent determines (in its sole discretion) that the burden,  cost, time or consequences of obtaining such items is excessive in relation to the benefits to be  obtained therefrom by the Secured Parties.                Section 5.  U.S. Term B-4 Lenders. Each U.S. Term B-4 Lender  (a) represents and warrants that (i) it is not an Ineligible Institution and has full power and  authority, and has taken all action necessary, to execute and deliver this Amendment and to  consummate the transactions contemplated hereby and to become a Lender under the Credit  Agreement and a party to the Loss Sharing Agreement, dated as of March 28, 2017 (the “Loss  Sharing Agreement”), by and among the Lenders, (ii) it satisfies the requirements specified in the  Credit Agreement that are required to be satisfied by it in order to become a Lender, (iii) from  and after the Incremental Amendment No. 8 Effective Date, it shall be bound by the provisions  of the Credit Agreement and the Loss Sharing Agreement as a Lender thereunder and shall have  the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement and  the Loss Sharing Agreement, together with copies of the most recent financial statements  referred to in Section 3.04(a) of the Credit Agreement or delivered pursuant to Section 5.01  thereof, as applicable, and such other documents and information as it has deemed appropriate to  make its own credit analysis and decision to enter into this Amendment and to make its U.S.  Term B-4 Loans on the basis of which it has made such analysis and decision independently and  without reliance on the Agent, any Incremental Amendment No. 8 Arranger or any other Lender  and (v) it has delivered to the Agent any documentation required to be delivered by it pursuant to  the terms of Section 2.15 of the Credit Agreement, duly completed and executed by the U.S.  Term B-4 Lender and (b) agrees that (i) it will, independently and without reliance on the Agent,  any Incremental Amendment No. 8 Arranger or any other Lender, and based on such documents  and information as it shall deem appropriate at the time, continue to make its own credit  decisions in taking or not taking action under the Loan Documents, (ii) it will appoint and  authorize the Agent to take such action on its behalf and to exercise such powers under the  Credit Agreement as are delegated to the Agent, by the terms thereof, together with such powers                                             

 

                                     -6-    as are reasonably incidental thereto, and (iii) it will perform in accordance with their terms all of  the obligations which by the terms of the Loan Documents are required to be performed by it as a  Lender.               Section 6.  Reference Rate Replacement Amendments.  The Existing Credit  Agreement is hereby further amended to include the Reference Rate Replacement Amendments,  which delete the stricken text (indicated textually in the same manner as the following example:  stricken text) and add the double-underlined text (indicated textually in the same manner as the  following example: double-underlined text) in the specified provisions as set forth in the pages  attached as Exhibit A hereto; provided that the Reference Rate Replacement Amendments shall  only become effective upon the occurrence of the Reference Rate Replacement Amendments  Effective Date.  Each U.S. Term B-4 Lender hereby consents to the Reference Rate Replacement  Amendments (it being understood and agreed that such consent shall be binding on each such  U.S. Term B-4 Lender’s successors or assigns and such successors or assigns shall in turn be  deemed to have consented to such amendments). Each U.S. Term B-4 Loan (whether held by a  U.S. Term B-4 Lender party hereto or its successors or assigns) shall at all times be deemed for  purposes of the Amended Credit Agreement (as such agreement may be further amended,  supplemented, amended and restated or otherwise modified from time to time) to be held by a  Lender that has consented to the Reference Rate Replacement Amendments.                Section 7.  Counterparts.  This Amendment may be executed in any number  of counterparts and by different parties hereto on separate counterparts, each of which when so  executed and delivered shall be deemed to be an original, but all of which when taken together  shall constitute a single instrument.  Delivery of an executed counterpart of a signature page of  this Amendment by facsimile or any other electronic transmission shall be effective as delivery  of a manually executed counterpart hereof.               Section 8.  Applicable Law; Jurisdiction.  THIS AMENDMENT SHALL  BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE  WITH, THE LAWS OF THE STATE OF NEW YORK.  The U.S. Borrower and each of the  Loan Guarantors hereby irrevocably and unconditionally submits, for itself and its property, to  the non-exclusive jurisdiction of any U.S. Federal or New York State court sitting in the  Borough of Manhattan, New York, New York in any action or proceeding arising out of or  relating to this Amendment, or for recognition or enforcement of any judgment, and each of the  parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any  such action or proceeding may be heard and determined in such New York State or, to the extent  permitted by law, Federal court.  Each of the parties hereto agrees that a final judgment in any  such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit  on the judgment or in any other manner provided by law.               Section 9.  Waiver of Jury Trial.  EACH PARTY HERETO HEREBY  WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT  IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR  INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT (WHETHER  BASED ON CONTRACT, TORT OR ANY OTHER THEORY).  EACH PARTY HERETO (A)  CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER                                             

 

                                     -7-    PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER  PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE  FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER  PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AMENDMENT BY,  AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS  SECTION 9.               Section 10. Headings.  The headings of this Amendment are for purposes of  reference only and shall not limit or otherwise affect the meaning hereof.               Section 11. Effect of Amendment.  Except as expressly set forth herein,  (i) this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or  otherwise affect the rights and remedies of the Lenders, the Agent or the Issuing Banks, in each  case under the Existing Credit Agreement or any other Loan Document, and (ii) shall not alter,  modify, amend or in any way affect any of the terms, conditions, obligations, covenants or  agreements contained in the Existing Credit Agreement or any other provision of either such  agreement or any other Loan Document.  Each and every term, condition, obligation, covenant  and agreement contained in the Existing Credit Agreement or any other Loan Document is  hereby ratified and re-affirmed in all respects and shall continue in full force and effect.  The  U.S. Borrower and each Loan Guarantor reaffirms its obligations under the Loan Documents to  which it is party and the validity of the Liens granted by it pursuant to the Security Documents.   This Amendment shall constitute a Loan Document for purposes of the Amended Credit  Agreement and from and after the Incremental Amendment No. 8 Effective Date, all references  to the Credit Agreement in any Loan Document and all references in the Credit Agreement to  “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Credit  Agreement, shall, unless expressly provided otherwise, refer to the Amended Credit Agreement.   The U.S. Borrower and each of the Loan Guarantors hereby consents to this Amendment and  confirms that all obligations of the U.S. Borrower or each such Loan Guarantor under the Loan  Documents to which the U.S. Borrower and such Loan Guarantor is a party shall continue to  apply to the Amended Credit Agreement.  This Amendment shall not constitute a novation of the  Existing Credit Agreement or any other Loan Document.                               [Signature Pages Follow]                                             

 

                                                     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be  duly executed by their respective authorized officers as of the day and year first above written.                                                                              ARAMARK SERVICES, INC.                                                                               By:   /s/ James J. Tarangelo                                                    Name: James J. Tarangelo                                            Title: Vice President and Treasurer                                       ARAMARK INTERMEDIATE HOLDCO                                      CORPORATION                                       By:  /s/ James J. Tarangelo                                                          Name: James J. Tarangelo                                           Title: Vice President and Treasurer                     [Aramark – Signature Page to Incremental Amendment No. 8]                                            

 

                                                 EACH OF THE SUBSIDIARY GUARANTORS                            LISTED ON SCHEDULE I HERETO                         By:  /s/ James J. Tarangelo                                            Name: James J. Tarangelo                             Title: Treasurer                    [Aramark – Signature Page to Incremental Amendment No. 8]                                           

 

                                                 JPMORGAN CHASE BANK, N.A.,                        as Agent                          By:  /s/ Tony Yung                                                     Name: Tony Yung                             Title: Executive Director    [Aramark – Signature Page to Incremental Amendment No. 8]                                           

 

                                      CREDIT SUISSE AG, CAYMAN ISLANDS                        BRANCH,                        as U.S. Term B-4 Lender                         By:  /s/ Judith E. Smith                                               Name: Judith E. Smith                             Title: Authorized Signatory                         By:  /s/ Nicolas Thierry                                               Name: Nicolas Thierry                             Title: Authorized Signatory                   [Aramark – Signature Page to Incremental Amendment No. 8] 

 

                                           SCHEDULE I                                   SUBSIDIARY GUARANTORS                                  Subsidiary Guarantors                     Jurisdiction of Formation  1.                     L&N Uniform Supply, LLC                            California  2.                      Lake Tahoe Cruises, LLC                           California  3.                        Old Time Coffee Co.                             California  4.                      Paradise Hornblower, LLC                          California  5.                          1st & Fresh, LLC                              Delaware  6.                      AmeriPride Services, LLC                          Delaware  7.                   Aramark Asia Management, LLC                         Delaware  8.              Aramark Aviation Services Limited Partnership             Delaware  9.                  Aramark Business & Industry, LLC                      Delaware  10.                   Aramark Business Center, LLC                        Delaware  11.                  Aramark Business Facilities, LLC                     Delaware  12.                      Aramark Campus, LLC                              Delaware  13.            Aramark Cleanroom Services (Puerto Rico), Inc.             Delaware  14.                 Aramark Cleanroom Services, LLC                       Delaware  15.                     Aramark Confection, LLC                           Delaware  16.            Aramark Construction and Energy Services, LLC              Delaware  17.                 Aramark Construction Services, Inc.                   Delaware  18.                 Aramark Correctional Services, LLC                    Delaware  19.                  Aramark Educational Group, LLC                       Delaware  20.                 Aramark Educational Services, LLC                     Delaware  21.                    Aramark Entertainment, LLC                         Delaware  22.                   Aramark Facility Services, LLC                      Delaware  23.                Aramark FHC Business Services, LLC                     Delaware  24.                Aramark FHC Campus Services, LLC                       Delaware  25.               Aramark FHC Correctional Services, LLC                  Delaware  26.            Aramark FHC Healthcare Support Services, LLC               Delaware  27.               Aramark FHC Refreshment Services, LLC                   Delaware  28.              Aramark FHC School Support Services, LLC                 Delaware  29.                    Aramark FHC Services, LLC                          Delaware  30.          Aramark FHC Sports and Entertainment Services, LLC           Delaware  31.                        Aramark FHC, LLC                               Delaware  32.            Aramark Food and Support Services Group, Inc.              Delaware  33.                    Aramark Food Service, LLC                          Delaware  34.                        Aramark FSM, LLC                               Delaware  35.                       Aramark Global, Inc.                            Delaware  36.      Aramark Healthcare Support Services of the Virgin Islands, Inc.  Delaware  37.              Aramark Healthcare Support Services, LLC                 Delaware  38.                  Aramark Industrial Services, LLC                     Delaware  39.                       Aramark Japan, LLC                              Delaware  40.                    Aramark Management, LLC                            Delaware  41.           Aramark Management Services Limited Partnership             Delaware                                                     

 

                                                                             Subsidiary Guarantors                     Jurisdiction of Formation  42.                    Aramark Mexico Group, LLC                          Delaware  43.                Aramark Organizational Services, LLC                   Delaware  44.                     Aramark Processing, LLC                           Delaware  45.                    Aramark Rail Services, LLC                         Delaware  46.                        Aramark RBI, Inc.                              Delaware  47.                  Aramark Refreshment Group, Inc.                      Delaware  48.             Aramark Refreshment Services of Tampa, LLC                Delaware  49.                 Aramark Refreshment Services, LLC                     Delaware  50.                  Aramark Schools Facilities, LLC                      Delaware  51.                      Aramark Schools, LLC                             Delaware  52.                        Aramark SCM, Inc.                              Delaware  53.                Aramark Senior Living Services, LLC                    Delaware  54.                Aramark Services of Puerto Rico, Inc.                  Delaware  55.               Aramark SM Management Services, Inc.                    Delaware  56.                       Aramark SMMS LLC                                Delaware  57.                  Aramark SMMS Real Estate LLC                         Delaware  58.             Aramark Sports and Entertainment Group, LLC               Delaware  59.            Aramark Sports and Entertainment Services, LLC             Delaware  60.                   Aramark Sports Facilities, LLC                      Delaware  61.                       Aramark Sports, LLC                             Delaware  62.                      Aramark Togwotee, LLC                            Delaware  63.                  Aramark Trademark Services, Inc.                     Delaware  64.                Aramark U.S. Offshore Services, LLC                    Delaware  65.            Aramark Uniform & Career Apparel Group, Inc.               Delaware  66.               Aramark Uniform & Career Apparel, LLC                   Delaware  67.              Aramark Uniform Manufacturing Company                    Delaware  68.             Aramark Uniform Services (Matchpoint) LLC                 Delaware  69.              Aramark Uniform Services (Rochester) LLC                 Delaware  70.              Aramark Uniform Services (Syracuse) LLC                  Delaware  71.               Aramark Uniform Services (Texas) LLC                    Delaware  72.             Aramark Uniform Services (West Adams) LLC                 Delaware  73.                    Aramark Venue Services, Inc.                       Delaware  74.                       Aramark WTC, LLC                                Delaware  75.                       Aramark/HMS, LLC                                Delaware  76.                          Avendra, LLC                                 Delaware  77.                    Avendra Replenishment, LLC                         Delaware  78.                      Avendra Gaming, LLC                              Delaware  79.                        BuyEfficient, LLC                              Delaware  80.                Canyonlands Rafting Hospitality, LLC                   Delaware  81.                        D.G. Maren II, Inc.                            Delaware  82.                         Delsac VIII, LLC                              Delaware  83.                   Filterfresh Coffee Service, LLC                     Delaware  84.                  Filterfresh Franchise Group, LLC                     Delaware  85.                      Fine Host Holdings, LLC                          Delaware  86.                Harrison Conference Associates, LLC                    Delaware  87.                      Harry M. Stevens, LLC                            Delaware  88.                   HPSI Purchasing Services LLC                        Delaware                                                    

 

                                                                             Subsidiary Guarantors                     Jurisdiction of Formation  89.                 Institutional Processing Services LLC                 Delaware  90.                 Landy Textile Rental Services, LLC                    Delaware  91.                  Lifeworks Restaurant Group, LLC                      Delaware  92.                     Yosemite Hospitality, LLC                         Delaware  93.                  American Snack & Beverage, LLC                        Florida  94.                 Aramark Distribution Services, LLC                    Delaware  95.                     Aramark FHC Kansas, Inc.                           Kansas  96.                  Aramark Services of Kansas, Inc.                      Kansas  97.                          Restaura, Inc.                               Michigan  98.                       Travel Systems, LLC                              Nevada  99.                 Harry M. Stevens Inc. of New Jersey.                 New Jersey  100.                Active Industrial Uniform Co., LLC                    Delaware  101.           Aramark Technical Services North Carolina, Inc.          North Carolina  102.         Harrison Conference Services of North Carolina, LLC        North Carolina  103.               Aramark American Food Services, LLC                      Ohio  104.               Aramark Consumer Discount Company                    Pennsylvania  105.                   Harry M. Stevens Inc. of Penn                    Pennsylvania  106.                        MyAssistant, Inc.                           Pennsylvania  107.           Aramark Business Dining Services of Texas, LLC              Texas  108.            Aramark Educational Services of Texas, LLC                 Texas  109.                Aramark Food Service of Texas, LLC                     Texas  110.       Aramark Sports and Entertainment Services of Texas, LLC         Texas  111.                    Brand Coffee Service, Inc.                         Texas  112.            Aramark Educational Services of Vermont, Inc.             Vermont  113.                  Overall Laundry Services, LLC                       Delaware                                                                                                          

 

                                                                        Schedule 1                            U.S. Term B-4 Commitments                Lenders                       U.S. Term B-4 Commitments  Credit Suisse AG, Cayman Islands Branch           $900,000,000                 Total                              $900,000,000                                                                                                                                                        

 

       Exhibit A   [attached]                        

 

                                                                                                   EXHIBIT A                                                                        TO INCREMENTAL AMENDMENT NO. 8                                                                                                                                                                                                                                                                                  CREDIT AGREEMENT                                              Dated as of March 28, 2017                                                      Among                                 THE FINANCIAL INSTITUTIONS PARTY HERETO,                                            as Lenders and Issuing Banks                                                        and                                          JPMORGAN CHASE BANK, N.A.,                                     as Administrative Agent and Collateral Agent                                                        and                                            ARAMARK SERVICES, INC.,                                           ARAMARK CANADA LTD.,                                      ARAMARK INVESTMENTS LIMITED,                                ARAMARK INTERNATIONAL FINANCE, S.À R.L.,                                   ARAMARK IRELAND HOLDINGS LIMITED,                 ARAMARK REGIONAL TREASURY EUROPE, DESIGNATED ACTIVITY COMPANY                                                       and  ARAMARK HOLDING DEUTSCHLAND GMBH (as successor by merger to ARAMARK HOLDINGS GMBH & CO. KG),                                                   as Borrowers                                                                                                               and                                                                                      ARAMARK INTERMEDIATE HOLDCO CORPORATION,                                                   as Holdings                                                       and                        THE OTHER GUARANTORS FROM TIME TO TIME PARTY HERETO                                                  ___________                                          JPMORGAN CHASE BANK, N.A.                                    as a Joint Lead Arranger and Joint Bookrunner                                   GOLDMAN SACHS LENDING PARTNERS LLC,                                     CREDIT SUISSE SECURITIES (USA) LLC,                         MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,                                        WELLS FARGO SECURITIES, LLC                                             BARCLAYS BANK PLC,                                          PNC CAPITAL MARKETS LLC                                                       and                               MORGAN STANLEY MUFG LOAN PARTNERS, LLC,                          as Joint Lead Arrangers, Joint Bookrunners and Co-Syndication Agents                                       U.S. BANK NATIONAL ASSOCIATION,                                          THE BANK OF NOVA SCOTIA,                                  SUMITOMO MITSUI BANKING CORPORATION,                            COӦPERATIEVE RABOBANK U.A., NEW YORK BRANCH,                                           TD SECURITIES (USA) LLC                                                       and                                         COMERICA SECURITIES, INC.,                                            as Co-Documentation Agents                                            

 

                               TABLE OF CONTENTS                                                                             Page                                     ARTICLE I                                                                            DEFINITIONS   SECTION 1.01   Defined Terms .............................................................................................................. 2  SECTION 1.02   Classification of Loans and Borrowings ................................................................ 6872  SECTION 1.03   Conversion of Currencies ....................................................................................... 6872  SECTION 1.04   Terms Generally ..................................................................................................... 6872  SECTION 1.05   Certain Calculations and Tests ............................................................................... 6973  SECTION 1.06   Change of Currency................................................................................................ 6973  SECTION 1.07   Funding Through Applicable Lending Offices ...................................................... 6973  SECTION 1.08   Accounting Terms; GAAP ..................................................................................... 6974  SECTION 1.09   Additional Available Currencies ............................................................................ 7074  SECTION 1.10   Limited Condition Acquisitions ............................................................................. 7075  SECTION 1.11   Luxembourg Terms ................................................................................................ 7176  SECTION 1.12   Interest Rates; LIBOR Notification...... .................................................................... 76                                     ARTICLE II                                                                            THE CREDITS   SECTION 2.01   Commitments ......................................................................................................... 7277  SECTION 2.02   Loans and Borrowings............................................................................................ 7479  SECTION 2.03   [Reserved] .............................................................................................................. 7581  SECTION 2.04   Letters of Credit ..................................................................................................... 7681  SECTION 2.05   Termination and Reduction of Commitments ........................................................ 8186  SECTION 2.06   Repayment of Loans ............................................................................................... 8186  SECTION 2.07   Evidence of Debt .................................................................................................... 8591  SECTION 2.08   Optional Prepayment of Loans ............................................................................... 8692  SECTION 2.09   Mandatory Prepayment of Loans ........................................................................... 8794  SECTION 2.10   Fees......................................................................................................................... 8996  SECTION 2.11   Interest .................................................................................................................... 9096  SECTION 2.12   Conversion/Continuation Options .......................................................................... 9298  SECTION 2.13   Payments and Computations .................................................................................. 9399  SECTION 2.14   Increased Costs; Change of Law, Etc. .................................................................. 94100  SECTION 2.15   Taxes .................................................................................................................... 97104  SECTION 2.16   Allocation of Proceeds; Sharing of Setoffs ........................................................ 102110  SECTION 2.17   Mitigation Obligations; Replacement of Lenders .............................................. 104111  SECTION 2.18   [Reserved] .......................................................................................................... 104111  SECTION 2.19   Incremental Facilities ......................................................................................... 104111  SECTION 2.20   Defaulting Lenders ............................................................................................. 108115                                    ARTICLE III                                                                 REPRESENTATIONS AND WARRANTIES   SECTION 3.01   Organization; Powers ......................................................................................... 109116                                         -i-     

 

                                                                         Page   SECTION 3.02   Authorization; Enforceability ............................................................................. 109117  SECTION 3.03   Governmental Approvals; No Conflicts ............................................................. 110117  SECTION 3.04   Financial Condition; No Material Adverse Change ........................................... 110117  SECTION 3.05   Properties ............................................................................................................ 110117  SECTION 3.06   Litigation and Environmental Matters................................................................ 111118  SECTION 3.07   Compliance with Laws and Agreements; Licenses and Permits ........................ 111119  SECTION 3.08   Investment Company Status ............................................................................... 112119  SECTION 3.09   Taxes .................................................................................................................. 112119  SECTION 3.10   Deduction of Tax ................................................................................................ 112119  SECTION 3.11   No Filing or Stamp Taxes .................................................................................. 112119  SECTION 3.12   ERISA ................................................................................................................ 112120  SECTION 3.13   Disclosure ........................................................................................................... 112120  SECTION 3.14   Material Agreements .......................................................................................... 113120  SECTION 3.15   Solvency ............................................................................................................. 113120  SECTION 3.16   Insurance ............................................................................................................ 113121  SECTION 3.17   Capitalization and Subsidiaries .......................................................................... 113121  SECTION 3.18   Security Interest in Collateral ............................................................................. 114121  SECTION 3.19   Labor Disputes ................................................................................................... 114121  SECTION 3.20   Federal Reserve Regulations .............................................................................. 114121  SECTION 3.21   Anti-Corruption and Sanctions Laws ................................................................. 114122                                    ARTICLE IV                                                                            CONDITIONS   SECTION 4.01   Conditions Precedent to Effectiveness ............................................................... 115123  SECTION 4.02   Conditions Precedent to Each Loan and Letter of Credit ................................... 118125                                     ARTICLE V                                                                      AFFIRMATIVE COVENANTS   SECTION 5.01   Financial Statements and Other Information ...................................................... 119126  SECTION 5.02   Notices of Material Events ................................................................................. 121129  SECTION 5.03   Existence; Conduct of Business ......................................................................... 121129  SECTION 5.04   Payment of Taxes ............................................................................................... 122129  SECTION 5.05   Maintenance of Properties .................................................................................. 122129  SECTION 5.06   Books and Records; Inspection Rights ............................................................... 122129  SECTION 5.07   Maintenance of Ratings ...................................................................................... 122130  SECTION 5.08   Compliance with Laws ....................................................................................... 122130  SECTION 5.09   Use of Proceeds .................................................................................................. 123130  SECTION 5.10   Insurance ............................................................................................................ 123131  SECTION 5.11   Additional Collateral; Further Assurances ......................................................... 124131  SECTION 5.12   Post-Closing Requirements ................................................................................ 126134                                         -ii-   

 

                                                                         Page                                    ARTICLE VI                                                                       NEGATIVE COVENANTS   SECTION 6.01   Limitation on Incurrence of Indebtedness and Issuance of Disqualified                  Stock and Preferred Stock .............................................................................. 126134  SECTION 6.02   Limitation on Liens ............................................................................................ 134141  SECTION 6.03   Merger, Consolidation or Sale of All or Substantially All Assets ...................... 134141  SECTION 6.04   Limitation on Restricted Payments .................................................................... 138145  SECTION 6.05   Limitations on Transactions with Affiliates ....................................................... 141148  SECTION 6.06   Dispositions ........................................................................................................ 143150  SECTION 6.07   Limitation on Investments and Designation of Unrestricted Subsidiaries ......... 145152  SECTION 6.08   Dividends and Other Payment Restrictions Affecting Restricted                  Subsidiaries .................................................................................................... 145153  SECTION 6.09   Amendments to Subordinated Indebtedness ...................................................... 147154  SECTION 6.10   Maximum Consolidated Secured Debt Ratio ..................................................... 147155  SECTION 6.11   Business of U.S. Borrower and Restricted Subsidiaries ..................................... 147155                                    ARTICLE VII                                                                        EVENTS OF DEFAULT   SECTION 7.01   Events of Default ................................................................................................ 147155  SECTION 7.02   Remedies upon Event of Default ........................................................................ 150157                                    ARTICLE VIII                                                                            THE AGENT   SECTION 8.01   Credit Bidding .................................................................................................... 153161  SECTION 8.02   Withholding Taxes ............................................................................................. 154162                                    ARTICLE IX                                                                          MISCELLANEOUS   SECTION 9.01   Notices ................................................................................................................ 154162  SECTION 9.02   Waivers; Amendments ....................................................................................... 158166  SECTION 9.03   Expenses; Indemnity; Damage Waiver .............................................................. 161168  SECTION 9.04   Successors and Assigns ...................................................................................... 162170  SECTION 9.05   Survival .............................................................................................................. 166173  SECTION 9.06   Counterparts; Integration; Effectiveness; Electronic Execution ........................ 166174  SECTION 9.07   Severability ......................................................................................................... 167174  SECTION 9.08   Right of Setoff .................................................................................................... 167174  SECTION 9.09   Governing Law; Jurisdiction; Consent to Service of Process ............................ 167175  SECTION 9.10   Waiver of Jury Trial ........................................................................................... 168176  SECTION 9.11   Headings ............................................................................................................. 169176  SECTION 9.12   Confidentiality .................................................................................................... 169177  SECTION 9.13   Several Obligations; Nonreliance; Violation of Law ......................................... 169177  SECTION 9.14   USA PATRIOT Act ........................................................................................... 170177                                        -iii-   

 

                                                                         Page   SECTION 9.15   Disclosure ........................................................................................................... 170177  SECTION 9.16   Interest Rate Limitation ...................................................................................... 170178  SECTION 9.17   Material Non-Public Information ....................................................................... 170178  SECTION 9.18   No Fiduciary Duty, etc. ...................................................................................... 171178  SECTION 9.19   Keepwell ............................................................................................................. 172180  SECTION 9.20   Acknowledgement and Consent to Bail-In of EEA Financial Institutions ......... 172180                                     ARTICLE X                                                                          LOAN GUARANTY   SECTION 10.01  Guaranty ............................................................................................................. 173181  SECTION 10.02  Guaranty of Payment .......................................................................................... 174182  SECTION 10.03  No Discharge or Diminishment of Loan Guaranty ............................................ 174182  SECTION 10.04  Defenses Waived ................................................................................................ 174182  SECTION 10.05  Rights of Subrogation ......................................................................................... 175183  SECTION 10.06  Reinstatement; Stay of Acceleration .................................................................. 175183  SECTION 10.07  Information ......................................................................................................... 175183  SECTION 10.08  [Reserved] .......................................................................................................... 175183  SECTION 10.09  Maximum Liability ............................................................................................ 175183  SECTION 10.10  Contribution ....................................................................................................... 176184  SECTION 10.11  Liability Cumulative........................................................................................... 176184  SECTION 10.12  Release of Loan Guarantors ............................................................................... 176184                                           -iv-   

 

   SCHEDULES:  Schedule I     —     Commitments  Schedule 1.01(a) —   Immaterial Subsidiaries  Schedule 1.01(b) —   Mortgaged Properties  Schedule 3.05(a) —   Principal Place of Business and Chief Executive Office  Schedule 3.05(f) —   Intellectual Property  Schedule 3.06  —     Disclosed Matters  Schedule 3.17  —     Capitalization and Subsidiaries  Schedule 3.19  —     Labor Disputes  Schedule 4.01(b) —   Local Counsel  Schedule 5.12  —     Post-Closing Requirements  Schedule 6.01  —     Existing Indebtedness  Schedule 6.02  —     Existing Liens  Schedule 6.04  —     Restricted Payments  Schedule 6.05  —     Existing Affiliate Transactions  Schedule 6.07  —     Existing Investments  Schedule 9.01  —     Borrowers’ Website for Electronic Delivery   EXHIBITS:   Exhibit A      —     Form of Administrative Questionnaire  Exhibit B      —     Form of Assignment and Assumption  Exhibit C      —     Form of Compliance Certificate  Exhibit D      —     Joinder Agreement  Exhibit E      —     Form of Borrowing Request  Exhibit F-1    —     Form of Revolving Credit Note  Exhibit F-2    —     Form of Term Loan Note  Exhibit G      —     Form of Conversion or Continuation Notice  Exhibit H      —     Form of First Lien Intercreditor Agreement  Exhibit I      —     Form of Junior Lien Intercreditor Agreement  Exhibit J-1        —         Form of U.S. Tax Compliance Certificate  Exhibit J-2        —         Form of U.S. Tax Compliance Certificate  Exhibit J-3        —         Form of U.S. Tax Compliance Certificate  Exhibit J-4        —         Form of U.S. Tax Compliance Certificate                                        -v-     

 

                CREDIT AGREEMENT dated as of March 28, 2017 (as supplemented by Incremental  Amendment No. 1 (as defined herein), Incremental Amendment No. 2 (as defined herein), Supplement  No. 1, dated as of January 22, 2018, Incremental Amendment No. 3 (as defined herein), Amendment No.  4, dated as of May 11, 2018, Amendment No. 5 (as defined herein), Amendment No. 6 (as defined  herein), dated as of June 12, 2018, and Amendment No. 7 (as defined herein), dated as of October 1,  2018, and Incremental Amendment No. 8 (as defined herein), dated as of January 15, 2020 and as the  same may be further amended, supplemented or otherwise modified from time to time, this  “Agreement”), among ARAMARK SERVICES, INC., a Delaware corporation (the “U.S. Borrower”),  ARAMARK CANADA LTD., a company organized under the laws of Canada (the “Canadian  Borrower”), ARAMARK INVESTMENTS LIMITED, a limited company incorporated under the laws of  England and Wales (the “U.K. Borrower”), ARAMARK IRELAND HOLDINGS LIMITED, a company  incorporated under the laws of Ireland, ARAMARK REGIONAL TREASURY EUROPE,  DESIGNATED ACTIVITY COMPANY, a company incorporated under the laws of Ireland (together  with Aramark Ireland Holdings Limited, the “Irish Borrowers” and each an “Irish Borrower”),  ARAMARK HOLDING DEUTSCHLAND GMBH, a limited liability company established under the  laws of Germany (as successor by merger to ARAMARK HOLDINGS GMBH & CO. KG, a limited  partnership (Kommanditgesellschaft) established under the laws of Germany) (the “German Borrower”)  and ARAMARK INTERNATIONAL FINANCE S.À R.L., a private limited liability company (société à  responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg (“Luxembourg”)  having its registered office at 57, rue des trois cantons,  L-3961 Ehlange/Mess., Luxembourg and  registered with the Luxembourg trade and companies register (Registre de commerce et des sociétés,  Luxembourg) (the “Luxembourg Register”) under number B 213.360 (the “Lux Borrower” and, together  with the U.S. Borrower, the Canadian Borrower, the U.K. Borrower, the Irish Borrowers, the German  Borrower and any Additional Foreign Borrower, the “Borrowers”), ARAMARK INTERMEDIATE  HOLDCO CORPORATION, a Delaware corporation (“Holdings”), each Subsidiary of the U.S. Borrower  that, from time to time, becomes a party hereto, the Lenders (as defined in Article I), the Issuing Banks  named herein, and JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders and  collateral agent for the Secured Parties hereunder (in such capacities, together with its successors and  assigns in such capacities, the “Agent”).               WHEREAS, the Borrowers have requested that (a) certain of the Term Lenders extend  Term Loans on the Closing Date be in the form of (i) $650,000,000 of U.S. Term A Loans to the U.S.  Borrower, (ii) C$133,400,000 of Canadian Term A Loans to the Canadian Borrower, (iii) $1,750,000,000  of Term B Loans to the U.S. Borrower, (iv) ¥11,107,000,000 of Yen Term C Loans to the U.S. Borrower  and (b) the Revolving Lenders provide Initial Revolving Commitments to the Borrowers in an aggregate  principal amount of $1,000,000,000.               WHEREAS, the proceeds of the Loans funded on the Closing Date, together with the  proceeds of the New Senior Notes, will be used on the Closing Date to (i) redeem in full the 2020 Senior  Notes and (ii) repay all outstanding indebtedness under that certain amended and restated credit  agreement, originally dated as of January 26, 2007 and last amended and restated on February 24, 2014  by and among certain of the Loan Parties, JPMorgan Chase Bank, N.A., as administrative agent and  collateral agent, the lenders party thereto and the other parties thereto (as further amended or  supplemented prior to the date hereof, the “Existing Credit Agreement”) and to terminate in full the  commitments thereunder and to pay fees and expenses in connection with the foregoing (the borrowing of  the Loans on the Closing Date, the issuance of the New Senior Notes, the application of the proceeds  thereof as provided above and the payment of fees and expenses in connection with the foregoing, the  “Refinancing Transactions”).               NOW THEREFORE, the parties hereto agree as follows:      

 

                                      ARTICLE I                                                                           DEFINITIONS               SECTION 1.01  Defined Terms.  As used in this Agreement, the following terms have  the meanings specified below:               “2018 Tranche Revolving Commitments” means with respect to each Revolving Lender,  the commitment of such Revolving Lender to make 2018 Tranche Revolving Loans in the aggregate  principal amount set forth opposite such Revolving Lender’s name on the Commitments Schedule (for the  avoidance of doubt, as supplemented pursuant to Amendment No. 7 on the Amendment No. 7 Effective  Date) under the heading “2018 Tranche Revolving Commitments,” as adjusted to reflect each Assignment  and Assumption executed by such Revolving Lender and as such amount may be increased or reduced  pursuant to this Agreement, and “2018 Tranche Revolving Commitments” means the aggregate 2018  Tranche Revolving Commitments of all Revolving Lenders, which amount, initially as of the Amendment  No. 7 Effective Date, is $1,000.0 million.               “2018 Tranche Revolving Facility” means the 2018 Tranche Revolving Commitments  and the provisions herein related to the 2018 Tranche Revolving Loans and the Letters of Credit  thereunder.               “2018 Tranche Revolving Loan” has the meaning provided in Section 2.01(a).               “2020 Senior Notes” means the 5.75% Senior Notes due 2020 of the U.S. Borrower.               “Acquired Entity or Business” means any Person, property, business or asset acquired by  the U.S. Borrower or any Restricted Subsidiary, to the extent not subsequently sold, transferred or  otherwise disposed by the U.S. Borrower or such Restricted Subsidiary.               “Acquired Indebtedness” means, with respect to any specified Person, (a) Indebtedness of  any other Person existing at the time such other Person is merged with or into or became a Restricted  Subsidiary of such specified Person, including Indebtedness incurred in connection with, or in  contemplation of, such other Person merging with or into, or becoming a Restricted Subsidiary of such  specified Person, and (b) Indebtedness secured by a Lien encumbering any asset acquired by such  specified Person.               “Additional Canadian Term A Commitment” means, with respect to each Canadian Term  A Lender, the commitment of such Lender to make Canadian Term A Loans to the Canadian Borrower on  the Incremental Amendment No. 1 Effective Date in the aggregate principal amount outstanding not to  exceed the amount set forth opposite such Lender’s name on Schedule I to Incremental Amendment No. 1  under the caption “Additional Canadian Term A Commitments,” as adjusted to reflect each Assignment  and Assumption executed by such Lender and as such amount may be increased or reduced pursuant to  this Agreement, and “Additional Canadian Term A Commitments” shall mean the aggregate Additional  Canadian Term A Commitments of all Lenders, which amount, initially as of the Incremental Amendment  No. 1 Effective Date, shall be C$120 million.               “Additional Foreign Borrower” means any Restricted Subsidiary of the U.S. Borrower  formed under the laws of Canada, Germany, Ireland, Luxembourg, the United Kingdom or any other  jurisdiction reasonably satisfactory to the Agent and the Revolving Lenders that is designated as an  Additional Foreign Borrower hereunder pursuant to an Officers’ Certificate delivered to the Agent and  which has become a Foreign Borrower hereunder pursuant to a supplement to this Agreement and other      

 

    documentation reasonably satisfactory to the Agent; provided that (i) in no event shall any Restricted  Subsidiary that is organized under the laws of a Sanctioned Country or that is a Sanctioned Person  become an Additional Foreign Borrower and (ii) in the case of any Additional Foreign Borrower under  any Revolving Facility, the U.S. Borrower shall have provided not less than fifteen (15) Business Days  prior notice thereof to the Revolving Lenders under such Revolving Facility and shall have furnished to  the Agent and such Revolving Lenders all information and documents as may reasonably be requested by  any of them within five (5) Business Days of the date such notice is provided in order to comply with  applicable “know your customer” requirements.               “Additional U.S. Term B-2 Commitment” means, with respect to the Additional U.S.  Term B-2 Lender, the commitment of such Lender to make U.S. Term B-2 Loans to the U.S. Borrower in  an aggregate principal amount set forth on Schedule II to Amendment No. 5.                “Additional U.S. Term B-2 Lender” means the Person listed on Schedule II to  Amendment No. 5 as having an Additional U.S. Term B-2 Commitment.               “Additional U.S. Term B-3 Commitment” means, with respect to the Additional U.S.  Term B-3 Lender, the commitment of such Lender to make U.S. Term B-3 Loans to the U.S. Borrower in  an aggregate principal amount set forth on Schedule II to Amendment No. 6.               “Additional U.S. Term B-3 Lender” means the Person listed on Schedule II to  Amendment No. 6 as having an Additional U.S. Term B-3 Commitment.               “Administrative Questionnaire” means an Administrative Questionnaire in the form  supplied by the Agent.               “Affiliate” of any specified Person means any other Person directly or indirectly  controlling or controlled by or under direct or indirect common control with such specified Person.  For  purposes of this Agreement, “control” (including, with correlative meanings, the terms “controlling,”  “controlled by” and “under common control with”), as used with respect to any Person, shall mean the  possession, directly or indirectly, of the power to direct or cause the direction of the management or  policies of such Person, whether through the ownership of voting securities, by agreement or otherwise.               “Affiliate Transaction” has the meaning assigned to such term in Section 6.05(a).               “Agent” has the meaning assigned to such term in the preamble to this Agreement.               “Agent’s Office” means, with respect to any currency, the Agent’s address and, as  appropriate, account with respect to such currency as the Agent may from time to time notify the U.S.  Borrower and the Lenders.               “Agreement Currency” has the meaning assigned to such term in Section 9.09(f).               “AIM” means AIM Services Co., Ltd., a limited company organized under the laws of  Japan, and its successors.               “Alternative Currency” means any lawful currency other than Dollars that is freely  transferable into Dollars.               “Amendment No. 5” means Amendment No. 5, dated as of May 24, 2018 by and among  the Loan Parties, the Agent and the Lenders party thereto.      

 

                “Amendment No. 5 Arrangers” means Credit Suisse Loan Funding LLC, JPMorgan  Chase Bank, N.A., Barclays Bank PLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC  Capital Markets LLC, The Bank of Nova Scotia, TD Securities (USA) LLC and Wells Fargo Securities,  LLC, each in its capacity as joint lead arranger.                “Amendment No. 5 Consenting Lender” means each U.S. Term B Lender that has  returned an executed counterpart to Amendment No. 5 to the Agent prior to the Amendment No. 5  Effective Date.               “Amendment No. 5 Effective Date” has the meaning set forth in Amendment No. 5.               “Amendment No. 6” means Amendment No. 6, dated as of June 12, 2018 by and among  the Loan Parties, the Agent and the Lenders party thereto.               “Amendment No. 6 Arrangers” means Credit Suisse Loan Funding LLC, JPMorgan  Chase Bank, N.A., Barclays Bank PLC, Capital One, National Association, Merrill Lynch, Pierce, Fenner  & Smith Incorporated, Morgan Stanley Senior Funding, Inc., PNC Capital Markets LLC and Wells Fargo  Securities, LLC, each in its capacity as joint lead arranger.                “Amendment No. 6 Consenting Lender” means each U.S. Term B-1 Lender that has  returned an executed counterpart to Amendment No. 6 to the Agent prior to the Amendment No. 6  Effective Date.               “Amendment No. 6 Effective Date” has the meaning set forth in Amendment No. 6.               “Amendment No. 7” means Amendment No. 7, dated as of October 1, 2018 by and  among the Loan Parties, the Agent and the Lenders party thereto.               “Amendment No. 7 Arrangers” means JPMorgan Chase Bank, N.A. and Merrill Lynch,  Pierce, Fenner & Smith Incorporated, PNC Capital Markets LLC, Wells Fargo Securities, LLC, Goldman  Sachs Lending Partners LLC, Credit Suisse Securities (USA) LLC, Barclays Bank PLC and Morgan  Stanley MUFG Loan Partners LLC, each in its capacity as joint lead arranger.                “Amendment No. 7 Effective Date” has the meaning set forth in Amendment No. 7.               “Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction  applicable to the Borrowers or any of their direct or indirect parent companies or Subsidiaries from time  to time concerning or relating to bribery or corruption.               “Applicable Amount” means, at any time (the “Reference Time”), an amount equal to (a)  the sum, without duplication, of:               (i)   an amount equal to 50% of the Consolidated Net Income (excluding from        Consolidated Net Income, for this purpose only, any amount that otherwise increased the        Applicable Amount pursuant to clause (iv) or (v) below) of the U.S. Borrower for the period        (taken as one accounting period) from October 1, 2016 to the end of the U.S. Borrower’s most        recently ended fiscal quarter for which financial statements have been delivered pursuant to        Section 5.01 at the Reference Time, or, in case such Consolidated Net Income for such period is a        deficit, minus 100% of such deficit, plus       

 

                (ii)  the amount of any capital contributions in cash, marketable securities or        Qualified Proceeds made to, or any proceeds in cash, marketable securities or Qualified Proceeds        of an issuance of Equity Interests of the U.S. Borrower or any of its direct or indirect parent        companies (or debt securities that have been converted or exchanged into Equity Interests of the        U.S. Borrower or any of its direct or indirect parent companies (other than Disqualified Stock))        (in each case, other than (w) Excluded Contributions, (x) proceeds from Equity Interests of any        direct or indirect parent company of the U.S. Borrower constituting the consideration for an        Investment made in reliance on clause (j) of the definition of “Permitted Investments,” (y) the        Designated Equity Amount and (z) the proceeds of Disqualified Stock of the U.S. Borrower and        Designated Preferred Stock) received by, the U.S. Borrower from and including the Business Day        immediately following the Closing Date through and including the Reference Time, including        any such proceeds from the issuance of Equity Interests of any direct or indirect parent of the        U.S. Borrower to the extent the cash proceeds thereof are contributed to the U.S. Borrower, plus              (iii)  to the extent not already reflected as an increase to Consolidated Net Income or        reflected as a return of capital or deemed reduction in the amount of such Investment pursuant to        clause (b)(ii) below, the amount of any distribution in cash, marketable securities or Qualified        Proceeds received in respect of any Investment made in reliance on clause (q) of the definition of        “Permitted Investments” and any dividend in cash, marketable securities or Qualified Proceeds        received from an Unrestricted Subsidiary, in each case by the U.S. Borrower or any Restricted        Subsidiary, plus              (iv)   to the extent not already reflected as a return of capital or deemed reduction in        the amount of such Investment pursuant to clause (b)(ii) below, the aggregate amount received in        cash or marketable securities and the fair market value, as determined in good faith by the U.S.        Borrower, of Qualified Proceeds received after the Closing Date by the U.S. Borrower and its        Restricted Subsidiaries by means of (1) the sale or other disposition (other than to the U.S.        Borrower or a Restricted Subsidiary) of Investments made in reliance on clause (q) of the        definition of “Permitted Investments,” repurchases and redemptions of such Investments (other        than by the U.S. Borrower or any Restricted Subsidiary) and repayments of loans or advances that        constitute such Investments or (2) the sale (other than to the U.S. Borrower or a Restricted        Subsidiary) of Equity Interests in an Unrestricted Subsidiary (solely to the extent that such        Investments in Unrestricted Subsidiaries were outstanding in reliance on clause (q) of the        definition of “Permitted Investments”), plus                (v)   to the extent not already reflected as a return of capital or deemed reduction in        the amount of such Investment pursuant to clause (b)(ii) below, the excess, if any, of (x) the fair        market value of any Unrestricted Subsidiary redesignated after the Closing Date as a Restricted        Subsidiary (as determined by the U.S. Borrower in good faith or, if such fair market value        exceeded $150.0 million in writing by an Independent Financial Advisor) at the time of such        redesignation to the extent that any Investment in such Unrestricted Subsidiary by the U.S.        Borrower or any Restricted Subsidiary was made in reliance on clause (q) of the definition of        “Permitted Investments” over (y) the aggregate actual amount of Investments in such Unrestricted        Subsidiary made in reliance on clause (q) of the definition of “Permitted Investments,” plus              (vi)   $1,400.0 million,   minus (b) the sum, without duplication, of:               (i)   the aggregate actual amount of Restricted Payments made pursuant to Section        6.04(i) since the Closing Date and prior to the Reference Time; and      

 

                (ii)  the aggregate actual amount of Investments made in reliance on clause (q) of the        definition of “Permitted Investments” (net of any return of capital in respect of such Investment        or deemed reduction in the amount of such Investment including, without limitation, upon the        redesignation of any Unrestricted Subsidiary as a Restricted Subsidiary or the sale of any such        Investment for cash or Qualified Proceeds).               “Applicable Lending Office” means, with respect to each Lender, (a) its U.S. Lending  Office in the case of a Loan to the U.S. Borrower, (b) its U.K. Lending Office in the case of a Loan to the  U.K. Borrower, (c) its Canadian Lending Office in the case of a Loan to the Canadian Borrower, (d) its  Irish Lending Office in the case of a Loan to any Irish Borrower, (e) its German Lending Office, in the  case of a Loan made to the German Borrower and (f) its Luxembourg Lending Office in the case of a  Loan made to the Lux Borrower.               “Applicable Percentage” means, with respect to any Lender, the percentage of the total  Dollar Equivalent of the aggregate outstanding Term Loans and Commitments represented by such  Lender’s Term Loans and Commitments; provided that in the case of Section 2.19 when a Defaulting  Lender shall exist, “Applicable Percentage” shall mean the percentage of the total Dollar Equivalent of  the aggregate outstanding Term Loans and Commitments (disregarding any Defaulting Lender’s Term  Loans and Commitments) represented by such Lender’s Dollar Equivalent of the aggregate outstanding  Term Loans and Commitments.  If the Term Loans have been repaid and the Commitments have  terminated or expired, the Applicable Percentages shall be determined based upon the Term Loans and  Commitments most recently in effect, giving effect to any assignments and to any Lender’s status as a  Defaulting Lender at the time of determination.               “Applicable Rate” means a percentage per annum equal to:               (a)   with respect to U.S. Term B Loans (i) until delivery of financial statements for        the fiscal quarter ending June 30, 2017 pursuant to Section 5.01(b) and the related Compliance        Certificate pursuant to Section 5.01(c), (A) for Eurocurrency Rate Loans, 2.00%, and (B) for        Base Rate Loans, 1.00% and (ii) thereafter, the following percentages per annum, based upon the        Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by        the Agent pursuant to Section 5.01(c):          Pricing       Consolidated       Eurocurrency   Base Rate          Level       Leverage Ratio       Rate Loans      Loans            1           > 3.00 to 1.00        2.00%         1.00%           2           < 3.00 to 1.00        1.75%         0.75%                            Any increase or decrease in the Applicable Rate pursuant to this clause (a) resulting from        a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day        immediately following the date a Compliance Certificate is delivered pursuant to Section 5.01(c);        provided that, if a Compliance Certificate is not delivered by the date required by Section 5.01(c)        then, at the option of the Required Class Lenders under the U.S. Term B Loan Facility, Pricing        Level 1 shall apply from the Business Day following the date such Compliance Certificate was        required to be delivered until the first Business Day following the date such Compliance        Certificate is delivered;               (b)   with respect to Canadian Term A-2 Loans, Euro Term A-1 Loans, Yen Term C-1        Loans, 2018 Tranche Revolving Loans and Commitment Fees and LC Fees under the 2018      

 

                              Tranche Revolving Facility, (i) until delivery of financial statements for the fiscal year ending  September 28, 2018 pursuant to Section 5.01(b) and the related Compliance Certificate pursuant  to Section 5.01(c), (A) for Eurocurrency Rate Loans, BA Rate Loans and LC Fees, 1.500%, (B)  for Base Rate Loans and Canadian Base Rate Loans, 0.500%, and (C) for Commitment Fees,  0.250% and (ii) thereafter, the following percentages per annum, based upon the Consolidated  Leverage Ratio as set forth in the most recent Compliance Certificate received by the Agent  pursuant to Section 5.01(c):                                     Eurocurrency   Base Rate                                    Rate Loans,    Loans and   Pricing       Consolidated      BA Rate Loans Canadian Base  Commitment    Level       Leverage Ratio      and LC Fees    Rate Loans     Fee Rate     1           > 4.75 to 1.00       1.625%        0.625%        0.300%     2         < 4.75 to 1.00 but     1.500%        0.500%        0.250%                 > 4.25 to 1.00     3         < 4.25 to 1.00 but     1.375%        0.375%        0.200%                 > 3.75 to 1.00     3         < 3.75 to 1.00 but     1.250%        0.250%        0.200%                 > 3.25 to 1.00     4           < 3.25 to 1.00       1.125%        0.125%        0.150%                       Any increase or decrease in the Applicable Rate pursuant to this clause (b) resulting from  a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day  immediately following the date a Compliance Certificate is delivered pursuant to Section 5.01(c);  provided that, if a Compliance Certificate is not delivered by the date required by Section 5.01(c)  then, (i) in the case of the 2018 Tranche Revolving Loans, Canadian Term A-2 Loans, Euro Term  A-1 Loans, Commitment Fees and LC Fees, at the option of the Required Financial Covenant  Lenders, Pricing Level 1 shall apply from the Business Day following the date such Compliance  Certificate was required to be delivered until the first Business Day following the date such  Compliance Certificate is delivered and (ii) in the case of the Yen Term C-1 Loans, at the option  of the Required Class Lenders under the Yen Term C-1 Loan Facility, Pricing Level 1 shall apply  from the Business Day following the date such Compliance Certificate was required to be  delivered until the first Business Day following the date such Compliance Certificate is delivered;        (c)   with respect to U.S. Term B-1 Loans (i) until delivery of financial statements for  the first fiscal quarter ending after the Incremental Amendment No. 2 Effective Date pursuant to  Section 5.01(b) and the related Compliance Certificate pursuant to Section 5.01(c), (A) for  Eurocurrency Rate Loans, 2.00%, and (B) for Base Rate Loans, 1.00% and (ii) thereafter, the  following percentages per annum, based upon the Consolidated Leverage Ratio as set forth in the  most recent Compliance Certificate received by the Agent pursuant to Section 5.01(c):    Pricing       Consolidated       Eurocurrency   Base Rate    Level       Leverage Ratio       Rate Loans      Loans      1           > 3.00 to 1.00        2.00%         1.00%     2           < 3.00 to 1.00        1.75%         0.75%                                               

 

                Any increase or decrease in the Applicable Rate pursuant to this clause (e) resulting from        a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day        immediately following the date a Compliance Certificate is delivered pursuant to Section 5.01(c);        provided that, if a Compliance Certificate is not delivered by the date required by Section 5.01(c)        then, at the option of the Required Class Lenders under the U.S. Term B-1 Loan Facility, Pricing        Level 1 shall apply from the Business Day following the date such Compliance Certificate was        required to be delivered until the first Business Day following the date such Compliance        Certificate is delivered;               (d)   with respect to U.S. Term B-2 Loans, (A) for Eurocurrency Rate Loans, 1.75%,        and (B) for Base Rate Loans, 0.75%;                (e)   with respect to U.S. Term B-3 Loans, (A) for Eurocurrency Rate Loans, 1.75%,        and (B) for Base Rate Loans, 0.75%; and               (f)   with respect to U.S. Term B-4 Loans, (A) for Eurocurrency Rate Loans, 1.75%,        and (B) for Base Rate Loans, 0.75%; and               (fg)  with respect to any New Term Loan or Extended Term Loan of any Class or any        Revolving Loan, Commitment Fee or LC Fee under any New Revolving Facility, the “Applicable        Rates” set forth in the supplement relating thereto entered into pursuant to Section 2.19.               “Approved Electronic Communications” means each notice, demand, communication,  information, document and other material that any Loan Party is obligated to, or otherwise chooses to,  provide to the Agent pursuant to any Loan Document or the transactions contemplated therein, including  (a) any supplement, joinder or amendment to the Collateral Documents and any other written contractual  obligation delivered or required to be delivered in respect of any Loan Document or the transactions  contemplated therein and (b) any financial statement, financial and other report, notice, request, certificate  and other information material.               “Approved Fund” has the meaning assigned to it in Section 9.04(b).               “Asset Sale Prepayment Event” means any Disposition of any business units, assets or  other property of the U.S. Borrower or any of the Restricted Subsidiaries not in the ordinary course of  business (including any Disposition of any Equity Interests of any Subsidiary of the U.S. Borrower owned  by the U.S. Borrower or a Restricted Subsidiary).  Notwithstanding the foregoing, the term “Asset Sale  Prepayment Event” shall not include any transaction permitted (or not expressly prohibited) by Section  6.06, other than transactions consummated in reliance on Section 6.06(j) or (n).               “Assignment and Assumption” means an assignment and assumption entered into by a  Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and  accepted by the Agent, in the form of Exhibit B or any other form approved by the Agent.               “Attributable Debt” in respect of a Sale and Lease-Back Transaction means, as at the  time of determination, the present value (discounted at the interest rate then borne by the U.S. Term B  Loans that are Eurocurrency Rate Loans (as if such Loans were currently outstanding at such time),  compounded annually) of the total obligations of the lessee for rental payments during the remaining term  of the lease included in such Sale and Lease-Back Transaction (including any period for which such lease  has been extended); provided, however, that if such Sale and Lease-Back Transaction results in a  Capitalized Lease Obligation, the amount of Indebtedness represented thereby will be determined in  accordance with the definition of “Capitalized Lease Obligation.”      

 

                “Available Currency” means each of Dollars, Euro, Sterling and Canadian Dollars and  any other currency approved in accordance with Section 1.09.               “BA Interest Period” means, relative to any BA Rate Loan, the period beginning on (and  including) the date on which such BA Rate Loan is made or continued to (but excluding) the date which  is one, two or three months thereafter, as selected by the applicable Borrower; provided that (a) if any BA  Interest Period would end on a day other than a Business Day, such BA Interest Period shall be extended  to the next succeeding Business Day unless such next succeeding Business Day would fall in the next  calendar month, in which case such BA Interest Period shall end on the next preceding Business Day, (b)  any BA Interest Period that commences on the last Business Day of a calendar month (or on a day for  which there is no numerically corresponding day in the last calendar month of such BA Interest Period)  shall end on the last Business Day of the last calendar month of such BA Interest Period and (c) no BA  Interest Period shall end after the final maturity for the applicable Facility.               “BA Rate” means, with respect to any BA Interest Period for any BA Rate Loan, (a) in  the case of any Lender named in Schedule I of the Bank Act (Canada), the rate determined by the Agent  to be the average offered rate for bankers’ acceptances for the applicable BA Interest Period appearing on  Reuters Screen CDOR (Certificate of Deposit Offered Rate) page as of 10:00 a.m. (New York City time)  on the second full Business Day next preceding the first day of each BA Interest Period and (b) in the case  of any other Lender, (i) the rate per annum set forth in clause (a) above plus (ii) 0.10%.  In the event that  such rate does not appear on the Reuters Screen CDOR (Certificate of Deposit Offered Rate) page (or  otherwise on the Reuters screen), the BA Rate for the purposes of this definition shall be determined by  reference to such other comparable publicly available service for displaying bankers’ acceptance rates as  may be selected by the Agent.  Notwithstanding the foregoing, in the event that the BA Rate as  determined above for any BA Interest Period shall be less than 0.00% per annum, the BA Rate for such  BA Interest Period shall instead be deemed to be 0.00% per annum.               “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the  applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.               “Bail-In Legislation” means, with respect to any EEA Member Country implementing  Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European  Union, the implementing law for such EEA Member Country from time to time which is described in the  EU Bail-In Legislation Schedule.               “Bankruptcy Event” means, with respect to any Person, such Person becomes the subject  of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator,  custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or  liquidation of its business appointed for it, or, in the good faith determination of the Agent, has taken any  action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding  or appointment; provided that a Bankruptcy Event shall not result solely by virtue of any ownership  interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or  instrumentality thereof, unless such ownership interest results in or provides such Person with immunity  from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of  attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to  reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person.               “Base Rate” means, for any day, a rate per annum equal to the greater of (a) the Prime  Rate in effect on such day, (b) the NYFRB Rate in effect on such day plus 1⁄2 of 1% and (c) the  Eurocurrency Rate for a one month Interest Period for Loans in Dollars on such day (or if such day is not  a Business Day, the immediately preceding Business Day) plus 1%; provided that for the purpose of this      

 

    definition, the Eurocurrency Rate for any day shall be based on the Eurocurrency Screen Rate (or if the  Eurocurrency Screen Rate is not available for such one month Interest Period, the Interpolated Rate) at  approximately 11:00 a.m. London time on such day.  Any change in the Base Rate due to a change in the  Prime Rate, the NYFRB Rate or the Eurocurrency Rate shall be effective from and including the effective  date of such change in the Prime Rate, the NYFRB Rate or the Eurocurrency Rate, respectively.               “Benchmark Replacement” means the sum of: (a) the alternate benchmark rate (which  may, in the case of any Dollar-denominated Loans, be a SOFR-Based Rate) for the applicable currency  that has been selected by the Administrative Agent and the applicable Borrowers giving due consideration  to (i) any selection or recommendation of a replacement rate or the mechanism for determining such a  rate by the Relevant Governmental Body and/or (ii) any evolving or then-prevailing market convention  for determining a rate of interest as a replacement to the Eurocurrency Rate or BA Rate, as applicable, for  syndicated credit facilities denominated in an applicable currency and (b) the Benchmark Replacement  Adjustment; provided that, if the Benchmark Replacement as so determined would be less than zero, the  Benchmark Replacement will be deemed to be zero for the purposes of this Agreement; provided further  that any such Benchmark Replacement shall be administratively feasible as determined by the  Administrative Agent in its sole discretion.               “Benchmark Replacement Adjustment” means the spread adjustment, or method for  calculating or determining such spread adjustment, (which may be a positive or negative value or zero)  for the applicable currency that has been selected by the Administrative Agent and the applicable  Borrowers giving due consideration to (i) any selection or recommendation of a spread adjustment, or  method for calculating or determining such spread adjustment, for the replacement of the Eurocurrency  Rate or BA Rate, as applicable, with the applicable Unadjusted Benchmark Replacement by the Relevant  Governmental Body and/or (ii) any evolving or then-prevailing market convention for determining a  spread adjustment, or method for calculating or determining such spread adjustment, for the replacement  of the Eurocurrency Rate or BA Rate, as applicable, with the applicable Unadjusted Benchmark  Replacement for syndicated credit facilities denominated in an applicable currency at such time (for the  avoidance of doubt, such Benchmark Replacement Adjustment shall not be in the form of a reduction to  the Applicable Rate).               “Benchmark Replacement Conforming Changes” means, with respect to any Benchmark  Replacement, any technical, administrative or operational changes (including changes to the definition of  “Base Rate,” the definition of “Canadian Base Rate,” the definition of “Interest Period,” the definition of  “Eurocurrency Interest Period” or the definition of “BA Interest Period,” timing and frequency of  determining rates and making payments of interest and other administrative matters) that the  Administrative Agent decides in its reasonable discretion may be appropriate to reflect the adoption and  implementation of such Benchmark Replacement and to permit the administration thereof by the  Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative  Agent decides that adoption of any portion of such market practice is not administratively feasible or if  the Administrative Agent determines that no market practice for the administration of the Benchmark  Replacement exists, in such other manner of administration as the Administrative Agent decides is  reasonably necessary in connection with the administration of this Agreement).               “Benchmark Replacement Date” means the earlier to occur of the following events with  respect to the Eurocurrency Rate or BA Rate, as applicable, for any currency:                (1) in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the        later of (a) the date of the public statement or publication of information referenced therein and        (b) the date on which the administrator of the Eurocurrency Screen Rate (or, in the case the BA        Rate, the administrator of the Canadian Dollar Offered Rate) permanently or indefinitely ceases      

 

          to provide the Eurocurrency Screen Rate (or, in the case the BA Rate, the Canadian Dollar        Offered Rate); or               (2) in the case of clause (3) of the definition of “Benchmark Transition Event,” the date        of the public statement or publication of information referenced therein.               “Benchmark Transition Event” means the occurrence of one or more of the following  events with respect to the Eurocurrency Rate or BA Rate, as applicable, for any currency:                (1) a public statement or publication of information by or on behalf of the administrator        of the Eurocurrency Screen Rate (or, in the case the BA Rate, the administrator of the Canadian        Dollar Offered Rate) announcing that such administrator has ceased or will cease to provide the        Eurocurrency Screen Rate (or, in the case the BA Rate, the Canadian Dollar Offered Rate),        permanently or indefinitely, provided that, at the time of such statement or publication, there is no        successor administrator that will continue to provide the Eurocurrency Screen Rate (or, in the        case the BA Rate, the Canadian Dollar Offered Rate);                (2) a public statement or publication of information by the regulatory supervisor for the        administrator of the Eurocurrency Screen Rate (or, in the case the BA Rate, the administrator of        the Canadian Dollar Offered Rate), the U.S. Federal Reserve System, an insolvency official with        jurisdiction over the administrator for the Eurocurrency Screen Rate (or, in the case the BA Rate,        the administrator of the Canadian Dollar Offered Rate), a resolution authority with jurisdiction        over the administrator for the Eurocurrency Screen Rate (or, in the case the BA Rate, the        administrator of the Canadian Dollar Offered Rate) or a court or an entity with similar insolvency        or resolution authority over the administrator for the Eurocurrency Screen Rate (or, in the case the        BA Rate, the administrator of the Canadian Dollar Offered Rate), in each case which states that        the administrator of the Eurocurrency Screen Rate (or, in the case the BA Rate, the administrator        of the Canadian Dollar Offered Rate) has ceased or will cease to provide the Eurocurrency Screen        Rate (or, in the case the BA Rate, the Canadian Dollar Offered Rate) permanently or indefinitely,        provided that, at the time of such statement or publication, there is no successor administrator that        will continue to provide the Eurocurrency Screen Rate (or, in the case the BA Rate, the Canadian        Dollar Offered Rate); and/or                (3) a public statement or publication of information by the regulatory supervisor for the        administrator of the Eurocurrency Screen Rate (or, in the case the BA Rate, the administrator of        the Canadian Dollar Offered Rate) announcing that the Eurocurrency Screen Rate (or, in the case        the BA Rate, the Canadian Dollar Offered Rate) is no longer representative.               “Benchmark Transition Start Date” means (a) in the case of a Benchmark Transition  Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark  Transition Event is a public statement or publication of information of a prospective event, the 90th day  prior to the expected date of such event as of such public statement or publication of information (or if the  expected date of such prospective event is fewer than 90 days after such statement or publication, the date  of such statement or publication) and (b) in the case of an Early Opt-in Election, the date specified by the  Administrative Agent or the Required Class Lenders of each Facility providing for Loans in the  applicable currency, as applicable, by notice to the applicable Borrowers, the Administrative Agent (in  the case of such notice by the Required Class Lenders of each Facility providing for Loans in the  applicable currency) and the Lenders.               “Benchmark Unavailability Period” means, if a Benchmark Transition Event and its  related Benchmark Replacement Date have occurred with respect to the Eurocurrency Rate or BA Rate,      

 

    as applicable, for the applicable currency and solely to the extent that such Eurocurrency Rate or BA  Rate, as applicable, has not been replaced with a Benchmark Replacement, the period (x) beginning at the  time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement  has replaced the Eurocurrency Rate or BA Rate, as applicable, for all purposes hereunder in accordance  with Section 2.14 and (y) ending at the time that a Benchmark Replacement has replaced the  Eurocurrency Rate or BA Rate, as applicable, for all purposes hereunder pursuant to Section 2.14.               “Board” means the Board of Governors of the Federal Reserve System of the United  States of America.               “Board of Directors” means (a) with respect to a corporation, the board of directors of the  corporation, (b) with respect to a partnership, the board of directors of the general partner of the  partnership and (c) with respect to any other Person, the board or committee of such Person serving a  similar function.               “Board Resolution” means, with respect to the U.S. Borrower, a duly adopted resolution  of the Board of Directors of the U.S. Borrower or any committee thereof.               “Borrower DTTP Filing” means an HMRC Form DTTP2 duly completed and filed by the  relevant U.K. Borrower, which:               (a) where it relates to a Treaty Lender that is a Lender on the day this Agreement is  entered into, contains the scheme reference number and jurisdiction of tax residence stated opposite that  Lender’s name in Schedule I, and:               (i) where the U.K. Borrower is a Borrower on the day this Agreement is entered into, is  filed with HMRC within 30 days of the date of this Agreement; or               (ii) where the U.K. Borrower is not a Borrower on the day this Agreement is entered into,  is filed with HMRC within 30 days of the date on which that U.K. Borrower becomes a Borrower; or               (b) where it relates to a Treaty Lender that is not a party to this Agreement on the date on  which this Agreement is entered into, contains the scheme reference number and jurisdiction of tax  residence stated in respect of that Lender in the relevant Assignment and Assumption or as otherwise  notified to the Agent or to the U.K. Borrower in writing on the relevant Lender becoming a party to this  Agreement; and:               (i) where the U.K. Borrower is a Borrower as at the relevant assignment date, is filed  with HM Revenue & Customs within 30 days of that date; or               (ii) where the U.K. Borrower is not a Borrower as at the relevant assignment date, is filed  with HM Revenue & Customs within 30 days of the date on which that U.K. Borrower becomes a  Borrower.               “Borrowers” has the meaning assigned to such term in the preamble to this Agreement;  provided that upon the repayment in full of all Loans made to any Foreign Borrower and the return of all  Letters of Credit issued for such Foreign Borrower or the assumption of such Foreign Borrower’s Foreign  Obligations by another Person as contemplated by the definition of “Change of Control” or as permitted  by Section 6.03, then such Foreign Borrower shall cease to constitute a “Borrower” or “Foreign  Borrower” (or any equivalent term) hereunder.      

 

                “Borrowing” means any Loans of the same Class, Type and currency to the same  Borrower made, converted or continued on the same date and, in the case of Eurocurrency Rate Loans or  BA Rate Loans, as to which a single Interest Period is in effect; provided that the Canadian Term A Loans  funded on the Incremental Amendment No. 1 Effective Date shall take the form of a pro rata increase in  each then outstanding Borrowing of Canadian Term A Loans.               “Borrowing Date” means a date on which any Borrowing is made pursuant to Section  2.02.               “Borrowing Request” means a request by a Borrower for a Borrowing in accordance with  Section 2.02 and substantially in the form attached hereto as Exhibit E, or such other form as shall be  approved by the Agent.               “Business Day” means any day that is not a Saturday, Sunday or other day on which  commercial banks in New York City are authorized or required by law to remain closed and (a) if the  applicable Business Day relates to notices, determinations, fundings and payments in connection with the  Eurocurrency Rate for any Eurocurrency Rate Loan denominated in Dollars, Sterling or Yen a day on  which banks are open for general business in London; (b) if the applicable Business Day relates to  notices, determinations, fundings and payments in connection with EURIBOR or any Eurocurrency Rate  Loan denominated in Euro, any day (i) on which banks are open for general business in London and (ii)  which is a TARGET Day and (c) if the applicable Business Day relates to notices, determinations,  fundings and payments in connection with the Canadian Base Rate, the BA Rate, Canadian Base Rate  Loans or BA Rate Loans, a day of the year on which banks are not required or authorized to close in  Toronto, Canada.               “Canadian Base Rate” means the rate determined by the Agent as the higher of (i) the  annual rate of interest announced by the Agent (or any of its branches) as being its “prime rate” for  determining interest rates on Canadian Dollar-denominated commercial loans made by it in Canada and  (ii) the BA Rate (after giving effect to any minimum rate set forth in the definition thereof) for a one  month BA Interest Period commencing on such day (or, if such day is not a Business Day, the  immediately preceding Business Day) plus 1.00%.               “Canadian Borrower” has the meaning assigned to such term in the preamble to this  Agreement.               “Canadian Dollar” and “C$” each mean the lawful currency of Canada.               “Canadian Lending Office” means, with respect to any Lender, the office of such Lender  specified as its “Canadian Lending Office” in its Administrative Questionnaire or such other office of  such Lender as such Lender may from time to time specify to the U.S. Borrower and the Agent.               “Canadian Term A Commitment” means, with respect to each Canadian Term A Lender,  the commitment of such Lender to make Canadian Term A Loans to the Canadian Borrower in the  aggregate principal amount outstanding not to exceed the amount set forth opposite such Lender’s name  on the Commitments Schedule under the caption “Canadian Term A Commitments,” as adjusted to reflect  each Assignment and Assumption executed by such Lender and as such amount may be increased or  reduced pursuant to this Agreement, and “Canadian Term A Commitments” shall mean the aggregate  Canadian Term A Commitments of all Canadian Term A Lenders, which amount, initially as of the  Closing Date, shall be C$133.4 million.                     

 

                “Canadian Term A Lender” means each Lender that has a Canadian Term A  Commitment, an Additional Canadian Term A Commitment or that is a holder of Canadian Term A  Loans.                “Canadian Term A Loan” has the meaning assigned to such term in Section 2.01(b)(iii)  and shall include all Canadian Term A Loans funded on the Incremental Amendment No. 1 Effective  Date pursuant to the Additional Canadian Term A Commitments.               “Canadian Term A Loan Facility” means the provisions herein related to the Canadian  Term A Commitments, Additional Canadian Term A Commitments and the Canadian Term A Loans.               “Canadian Term A Loan Maturity Date” means March 28, 2022.               “Canadian Term A-1 Commitment” means, with respect to each Canadian Term A-1  Lender, the commitment of such Lender to make Canadian Term A-1 Loans to the Canadian Borrower on  the Incremental Amendment No. 3 Effective Date in the aggregate principal amount outstanding not to  exceed the amount set forth opposite such Lender’s name on Schedule 1 to Incremental Amendment No.  3 under the caption “Canadian Term A-1 Commitments,” as adjusted to reflect each Assignment and  Assumption executed by such Lender and as such amount may be increased or reduced pursuant to this  Agreement, and “Canadian Term A-1 Commitments” shall mean the aggregate Canadian Term A-1  Commitments of all Canadian Term A-1 Lenders, which amount, initially as of the Incremental  Amendment No. 3 Effective Date, shall be C$200.0 million.               “Canadian Term A-1 Lender” means each Lender that has a Canadian Term A-1  Commitment.                “Canadian Term A-1 Loan” has the meaning assigned to such term in Section 2.01(b)(vii)  and shall include all Canadian Term A-1 Loans funded on the Incremental Amendment No. 3 Effective  Date pursuant to the Canadian Term A-1 Commitments.               “Canadian Term A-1 Loan Facility” means the provisions herein related to the Canadian  Term A-1 Commitments and the Canadian Term A-1 Loans.               “Canadian Term A-1 Loan Maturity Date” means February 28, 2023.               “Canadian Term A-2 Commitment” means, with respect to each Canadian Term A-2  Lender, the commitment of such Lender to make Canadian Term A-2 Loans to the Canadian Borrower on  the Amendment No. 7 Effective Date in the aggregate principal amount outstanding not to exceed the  amount set forth opposite such Lender’s name on Schedule II to Amendment No. 7 under the caption  “Canadian Term A-2 Commitment,” as adjusted to reflect each Assignment and Assumption executed by  such Lender and as such amount may be increased or reduced pursuant to this Agreement, and “Canadian  Term A-2 Commitments” shall mean the aggregate Canadian Term A-2 Commitments of all Canadian  Term A-2 Lenders, which amount, initially as of the Amendment No. 7 Effective Date, shall be C$380.0  million.               “Canadian Term A-2 Lender” means each Lender that has a Canadian Term A-2  Commitment.                “Canadian Term A-2 Loan” has the meaning assigned to such term in Section 2.01(b)(xi)  and shall include all Canadian Term A-2 Loans funded on the Amendment No. 7 Effective Date pursuant  to the Canadian Term A-2 Commitments.      

 

                “Canadian Term A-2 Loan Facility” means the provisions herein related to the Canadian  Term A-2 Commitments and the Canadian Term A-2 Loans.               “Canadian Term A-2 Loan Maturity Date” means October 1, 2023.               “Capital Expenditures” means, for any period, the aggregate, without duplication, of (a)  all expenditures (whether paid in cash or accrued as liabilities) by the U.S. Borrower and the Restricted  Subsidiaries during such period that, in conformity with GAAP, are or are required to be included as  additions during such period to property, plant or equipment reflected in the consolidated balance sheet of  the U.S. Borrower and the Restricted Subsidiaries; (b) the capitalized amount of any Capitalized Lease  Obligations incurred by the U.S. Borrower and its Restricted Subsidiaries during such period; and (c)  expenditures made for client contract investments and included as additions during the period to other  assets reflected in the consolidated balance sheet of the U.S. Borrower and the Restricted Subsidiaries.               “Capital Stock” means (a) in the case of a corporation, corporate stock, (b) in the case of  an association or business entity, any and all shares, interests, participations, rights or other equivalents  (however designated) of corporate stock, (c) in the case of a partnership or limited liability company,  partnership or membership interests (whether general or limited) and (d) any other interest or participation  that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets  of, the issuing Person.               “Capitalized Lease Obligation” means, subject to Section 1.08, at the time any  determination thereof is to be made, the amount of the liability in respect of a capital lease that would at  such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the  footnotes thereto) in accordance with GAAP.               “Cash Equivalents” means:               (a)   Dollars;               (b)   Canadian Dollars, Yen, Sterling, Euro or, in the case of any Foreign Subsidiary,        such local currencies held by it from time to time in the ordinary course of business;               (c)   securities issued or directly and fully and unconditionally guaranteed or insured        by the government of the United States of America or any agency or instrumentality thereof the        securities of which are unconditionally guaranteed as a full faith and credit obligation of such        government with maturities of 24 months or less from the date of acquisition;               (d)   certificates of deposit, time deposits and eurodollar time deposits with maturities        of one year or less from the date of acquisition, bankers’ acceptances with maturities not        exceeding one year and overnight bank deposits, in each case with any commercial bank having        capital and surplus in excess of $250.0 million;               (e)   repurchase obligations for underlying securities of the types described in        clauses (c) and (d) above entered into with any financial institution meeting the qualifications        specified in clause (d) above;               (f)   commercial paper rated at least “P-1” by Moody’s or at least “A-1” by S&P and        in each case maturing within 12 months after the date of issuance thereof;       

 

                (g)   investment funds investing at least 95% of their assets in securities of the types        described in clauses (a) through (f) above;               (h)   readily marketable direct obligations issued by any state of the United States of        America or any political subdivision thereof having one of the two highest rating categories        obtainable from either Moody’s or S&P with maturities of 24 months or less from the date of        acquisition;               (i)   Indebtedness or Preferred Stock issued by Persons with a rating of “A” or higher        from S&P or “A2” or higher from Moody’s with maturities of 12 months or less from the date of        acquisition; and               (j)   in the case of any Foreign Subsidiary, investments of comparable tenure and        credit quality to those described in the foregoing clauses (a) through (i) or other high quality        short-term investments, in each case, customarily utilized in countries in which such Foreign        Subsidiary operates for short-term cash management purposes.               Notwithstanding the foregoing, Cash Equivalents shall include amounts denominated in  currencies other than those set forth in clauses (a) and (b) above; provided that such amounts are  converted into one or more of the currencies set forth in clauses (a) and (b) above as promptly as  practicable and in any event within ten (10) Business Days following the receipt of such amounts.               “Cash Management Agreement” means any agreement or arrangement to provide cash  management services, including treasury, depository, overdraft, credit or debit card, purchase card,  electronic funds transfer, bilateral letters of credit and other cash management arrangements.               “Casualty Event” means, with respect to any equipment, fixed assets or real property  (including any improvements thereon) of the U.S. Borrower or any Restricted Subsidiary, any loss of or  damage to, or any condemnation or other taking by a Governmental Authority of, such property, the date  on which the U.S. Borrower or any of the Restricted Subsidiaries receives insurance proceeds, or  proceeds of a condemnation award or other compensation to replace or repair such property, in each case,  in excess of $10.0 million with respect to any such event.               “CFC” means a Foreign Subsidiary that is a “controlled foreign corporation” within the  meaning of Section 957 of the Code.               “Change in Law” means the occurrence after the date of this Agreement of any of the  following:  (a) the adoption or taking effect of any law, rule, regulation or treaty; (b) any change in any  law, rule, regulation or treaty or in the administration, interpretation or application thereof by any  Governmental Authority; or (c) compliance by the Lender (or, for purposes of Section 2.14(c)(ii), by any  lending office of the Lender or by the Lender’s holding company, if any) with any request, guideline,  requirement or directive (whether or not having the force of law) of any Governmental Authority made or  issued after the date of this Agreement; provided that notwithstanding anything herein to the contrary, (x)  the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines,  requirements or directives thereunder or issued in connection therewith or in the implementation thereof,  and (y) all requests, rules, guidelines, requirements or directives promulgated by the Bank for  International Settlements, the Basel Committee on Banking Supervision (or any successor or similar  authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in  each case be deemed to be a “Change in Law,” regardless of the date enacted, adopted, issued or  implemented, but only to the extent such rules, regulations, or published interpretations or directives are      

 

    applied to the U.S. Borrower and its Subsidiaries by the Agent or any Lender in substantially the same  manner as applied to other similarly situated borrowers under comparable syndicated credit facilities.               “Change of Control” means the earliest to occur of:               (a)   the sale, lease or transfer, in one or a series of related transactions, of all or        substantially all of the assets of the U.S. Borrower and its Subsidiaries, taken as a whole, to any        Person other than a Permitted Holder; provided that the sale, lease or transfer of a Designated        Business pursuant to Section 6.04(xviii) or Section 6.06(j) will not constitute the sale, lease or        transfer, in one or a series of related transactions, of all or substantially all of the assets of the        U.S. Borrower and its Subsidiaries, taken as a whole, for purposes of this clause (a) so long as the        Consolidated Leverage Ratio would be no greater than 6.00 to 1.00 after giving pro forma effect        to such sale (including the application of the net proceeds therefrom);               (b)   the acquisition by any Person or group, including any group acting for the        purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1)        under the Exchange Act as in effect on the Closing Date), other than the Permitted Holders, in a        single transaction or in a series of related transactions, by way of merger, consolidation or other        business combination or purchase of beneficial ownership of 40% or more of the total voting        power of the Voting Stock of the U.S. Borrower or any of its direct or indirect parent companies;               (c)   the occurrence of any “Change of Control” (or any comparable term) in any        document pertaining to the New Senior Notes;               (d)   the U.S. Borrower ceasing to be a direct Wholly-Owned Subsidiary of Holdings;        or               (e)   at any time when any Foreign Obligations (other than contingent obligations for        unasserted claims) of a Foreign Borrower remain outstanding, such Foreign Borrower ceasing to        be a direct or indirect Restricted Subsidiary of the U.S. Borrower (unless a Borrower or a        Subsidiary Guarantor shall expressly have assumed all the Foreign Obligations of such Foreign        Borrower under this Agreement and the other Loan Documents to which such Foreign Borrower        is a party pursuant to an agreement in form reasonably satisfactory to the Agent and the U.S.        Borrower).         For purposes of this definition, including other defined terms used herein in connection with this  definition, (i) “beneficial ownership” shall be as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange  Act as in effect on the date hereof and (ii) the phrase Person or group is within the meaning of Section  13(d) or 14(d) of the Exchange Act, but excluding any employee benefit plan of such Person or group or  its subsidiaries and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of  any such plan.            Notwithstanding anything to the contrary in this definition or any provision of Section 13d-3 of  the Exchange Act, a Person or group shall not be deemed to beneficially own Equity Interests to be  acquired by such Person or group pursuant to a stock or asset purchase agreement, merger agreement,  option agreement, warrant agreement or similar agreement until the consummation of the acquisition of  the Equity Interests in connection with the transactions contemplated by such agreement.               “Class” when used (a) in reference to any Loan or Borrowing, refers to whether such  Loan, or the Loans comprising such Borrowing, are 2018 Tranche Revolving Loans, Revolving Loans  under any other Revolving Facility, U.S. Term A Loans, Canadian Term A-2 Loans, Euro Term A-1      

 

    Loans, U.S. Term B-2 Loans, U.S. Term B-3 Loans, U.S. Term B-4 Loans, Yen Term C-1 Loans, New  Term Loans of any Series or Extended Term Loans of any Extension Series, (b) in reference to any  Commitment refers to whether such Commitment is an 2018 Tranche Revolving Commitment, New  Revolving Commitment under any New Revolving Facility, U.S. Term A Commitment, Canadian Term  A-2 Commitment, Euro Term A-1 Commitment, U.S. Term B-2 Commitment, U.S. Term B-3  Commitment, U.S. Term B-4 Commitment, Yen Term C-1 Commitment or New Term Commitment  (with respect to a Series of New Term Loans) and (c) in reference to any Lender, refers to whether such  Lender is a Revolving Lender under a particular Revolving Facility, U.S. Term A Lender, Canadian Term  A-2 Lender, Euro Term A-1 Lender, U.S. Term B-2 Lender, U.S. Term B-3 Lender, U.S. Term B-4  Lender, Yen Term C-1 Lender or Lender with a New Term Commitment or holding New Term Loans or  Extended Term Loans of any other Class.               “Closing Date” means March 28, 2017.               “Co-Documentation Agents” means U.S. Bank National Association, The Bank of Nova  Scotia, Sumitomo Mitsui Banking Corporation, Coöperatieve Rabobank U.A., New York Branch, TD  Securities (USA) LLC and Comerica Securities, Inc.               “Code” means the Internal Revenue Code of 1986, as amended from time to time.               “Collateral” means any “Collateral” as defined in the Security Agreement, Mortgaged  Property and any and all property owned, leased or operated by a Person from time to time subject to a  security interest or Lien in favor of the Agent for the benefit of the Secured Parties under the Collateral  Documents.               “Collateral Documents” means, collectively, the Security Agreement, the Mortgages and  any other documents granting a Lien upon the Collateral as security for payment of the Secured  Obligations.               “Commitment” means, with respect to any Lender, such Lender’s Revolving  Commitments, if any, and such Lender’s Term Commitments, if any.               “Commitment Fee” has the meaning assigned to such term in Section 2.10(a).               “Commitments” means the aggregate Revolving Commitments and Term Commitments  of all Lenders.               “Commitments Schedule” means Schedule I, as supplemented by Schedule II to  Amendment No. 7 on the Amendment No. 7 Effective Date.               “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.),  as amended from time to time, and any successor statute.               “Compliance Certificate” means a certificate of the U.S. Borrower substantially in the  form of Exhibit C.               “Compounded SOFR” means the compounded average of SOFRs for the applicable  Corresponding Tenor, with the rate, or methodology for this rate, and conventions for this rate (which  may include compounding in arrears with a lookback and/or suspension period as a mechanism to  determine the interest amount payable prior to the end of each Interest Period) being established by the  Administrative Agent in accordance with:       

 

                               (1)   the rate, or methodology for this rate, and conventions for this rate selected or        recommended by the Relevant Governmental Body for determining compounded SOFR;        provided that:               (2)   if, and to the extent that, the Administrative Agent determines that Compounded        SOFR cannot be determined in accordance with clause (1) above, then the rate, or methodology        for this rate, and conventions for this rate that the Administrative Agent determines in its        reasonable discretion are substantially consistent with any evolving or then-prevailing market        convention for determining compounded SOFR for Dollar-denominated syndicated credit        facilities at such time;    provided, further, that if the Administrative Agent decides that any such rate, methodology or convention  determined in accordance with clause (1) or clause (2) is not administratively feasible for the  Administrative Agent, then Compounded SOFR will be deemed unable to be determined for purposes of  the definition of “Benchmark Replacement.”                “Consolidated Depreciation and Amortization Expense” means with respect to any  Person for any period, the total amount of depreciation and amortization expense of such Person and its  Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance  with GAAP.               “Consolidated Interest Expense” means, with respect to any Person for any period, the  sum, without duplication, of (a) consolidated interest expense of such Person and its Restricted  Subsidiaries for such period, to the extent such expense was deducted in computing Consolidated Net  Income (including (i) amortization of original issue discount resulting from the issuance of Indebtedness  at less than par, (ii) all commissions, discounts and other fees and charges owed with respect to letters of  credit or bankers’ acceptances, (iii) noncash interest payments (but excluding any noncash interest  expense attributable to the movement in the mark-to-market valuation of Hedging Obligations or other  derivative instruments pursuant to GAAP), (iv) the interest component of Capitalized Lease Obligations,  (v) net payments, if any, pursuant to interest rate Hedging Obligations with respect to Indebtedness and  (vi) all commissions, discounts, yield and other fees and charges in the nature of interest expense related  to any Receivables Facility, and excluding (A) amortization of deferred financing fees, debt issuance  costs, commissions, fees and expenses, (B) any expensing of bridge, commitment and other financing fees  and (C) any redemption premiums paid in connection with the redemption of any Indebtedness, plus (b)  consolidated capitalized interest of such Person and its Restricted Subsidiaries for such period, whether  paid or accrued, less (c) interest income for such period, plus (d) to the extent that EBITDA attributable to  AIM that is accounted for by the equity method of accounting is included in EBITDA of the U.S.  Borrower by operation of clause (i) of the last paragraph of the definition thereof, a proportionate amount  of the consolidated interest expense of such Persons.  For purposes of this definition, interest on a  Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by such  Person to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP.               “Consolidated Leverage Ratio” with respect to any Person as of any date of  determination, means the ratio of (a) the excess of Consolidated Total Indebtedness of such Person as of  the end of the most recent fiscal quarter for which financial statements have been delivered pursuant to  Section 5.01 over the amount of cash and Cash Equivalents of the U.S. Borrower and its Restricted  Subsidiaries on such date that are free and clear of any Lien (other than non-consensual Permitted Liens  and Permitted Liens of the type set forth in clauses (u) through (x) of the definition of “Permitted Liens”)  to (b) the aggregate amount of EBITDA of such Person for the period of the most recently ended Test      

 

    Period, in each case with such pro forma adjustments to Consolidated Total Indebtedness and EBITDA as  are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of  “Interest Coverage Ratio.”               “Consolidated Net Income” means, with respect to any Person for any period, the  aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a  consolidated basis, and otherwise determined in accordance with GAAP; provided that, without  duplication:               (a)   any net after tax extraordinary, non-recurring or unusual gains or losses (less all        fees and expenses relating thereto) or expenses (including relating to severance, relocation,        unusual contract terminations, one time compensation charges, warrants or options to purchase        Capital Stock of a direct or indirect parent of the U.S. Borrower) shall be excluded,               (b)   the Net Income for such period shall not include the cumulative effect of a        change in accounting principles during such period in accordance with GAAP,               (c)   any net after-tax income (loss) from disposed or discontinued operations and any        net after-tax gains or losses on disposal of disposed or discontinued operations shall be excluded,               (d)   any net after-tax gains or losses (less all fees and expenses relating thereto)        attributable to asset dispositions or the sale or other disposition of any Capital Stock of any        Person other than in the ordinary course of business, as determined in good faith by the U.S.        Borrower, shall be excluded,               (e)   the Net Income for such period of any Person that is not a Restricted Subsidiary,        or that is accounted for by the equity method of accounting, shall be excluded; provided that        Consolidated Net Income of the U.S. Borrower shall be increased by the amount of dividends or        distributions or other payments that are actually paid in cash (or to the extent converted into cash)        to the U.S. Borrower or a Restricted Subsidiary thereof in respect of such period (subject in the        case of dividends, distributions or other payments made to a Restricted Subsidiary to the        limitations contained in clause (f) below),               (f)   solely for the purpose of determining the Applicable Amount and Excess Cash        Flow, the Net Income for such period of any Restricted Subsidiary (other than any Subsidiary        Guarantor) shall be excluded if the declaration or payment of dividends or similar distributions by        that Restricted Subsidiary of its Net Income is not at the date of determination wholly permitted        without any prior governmental approval (which has not been obtained) or, directly or indirectly,        by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order,        statute, rule, or governmental regulation applicable to that Restricted Subsidiary or its        stockholders, unless such restriction with respect to the payment of dividends or similar        distributions has been legally waived; provided that Consolidated Net Income of the U.S.        Borrower will be increased by the amount of dividends or other distributions or other payments        actually paid in cash (or to the extent converted into cash) to the U.S. Borrower or a Restricted        Subsidiary thereof in respect of such period, to the extent not already included therein,               (g)   any increase in amortization or depreciation or other noncash charges resulting        from the application of purchase accounting in relation to any acquisition (including, for the        avoidance of doubt, the acquisition of Aramark Corporation in January 2007) that is        consummated before or after the Closing Date, net of taxes, shall be excluded,      

 

                (h)   any net after-tax income (loss) from the early extinguishment of Indebtedness or        Hedging Obligations or other derivative instruments shall be excluded,               (i)   any impairment charge or asset write-off, in each case pursuant to GAAP, and        the amortization of intangibles arising pursuant to GAAP shall be excluded, and               (j)   any noncash compensation expense resulting from the application of Accounting        Standards Codification 718 or any deferred compensation charges net of any cash payments made        under such deferred compensation plans during such period to officers, directors, managers,        consultants or employees (or their estates, Controlled Investment Affiliates or Immediate Family        Members) shall be excluded.               “Consolidated Secured Debt Ratio” as of any date of determination means the ratio of (a)  the excess of (i) Consolidated Total Indebtedness that is secured by any Lien as of the end of the most  recent fiscal quarter for which financial statements have been delivered pursuant to Section 5.01 (or, for  purposes of Section 6.10, as of such date) over (ii) an amount equal to the amount of cash and Cash  Equivalents of the U.S. Borrower and its Restricted Subsidiaries on such date that are free and clear of  any Lien (other than non-consensual Permitted Liens and Permitted Liens of the type set forth in clauses  (u) through (x) of the definition of “Permitted Liens”) to (b) EBITDA of the U.S. Borrower for the period  of the most recently ended Test Period, in each case with such pro forma adjustments to Consolidated  Total Indebtedness and EBITDA, mutatis mutandis, as are set forth in the definition of “Interest Coverage  Ratio”; provided that, for the purposes of testing whether an Event of Default has occurred under Section  6.10 as of any date, no pro forma adjustments shall be made with respect to any event occurring after such  date.               “Consolidated Total Indebtedness” means, as at any date of determination, an amount  equal to the sum of (a) the aggregate amount of all outstanding Indebtedness of the U.S. Borrower and the  Restricted Subsidiaries on a consolidated basis consisting of Indebtedness for borrowed money,  obligations in respect of Capitalized Lease Obligations, Attributable Debt in respect of Sale and Lease- Back Transactions and debt obligations evidenced by bonds, notes, debentures or similar instruments or  letters of credit or bankers’ acceptances (and excluding any undrawn letters of credit), (b) the aggregate  amount of all outstanding Disqualified Stock of the U.S. Borrower and all Disqualified Stock and  Preferred Stock of the Restricted Subsidiaries on a consolidated basis, with the amount of such  Disqualified Stock and Preferred Stock equal to the greater of their respective voluntary or involuntary  liquidation preferences and Maximum Fixed Repurchase Prices and (c) the aggregate outstanding amount  of advances under any Receivables Facility of the U.S. Borrower or any of its Restricted Subsidiaries, in  each case determined on a consolidated basis in accordance with GAAP.  For purposes of this definition,  the “Maximum Fixed Repurchase Price” of any Disqualified Stock or Preferred Stock that does not have a  fixed repurchase price shall be calculated in accordance with the terms of such Disqualified Stock or  Preferred Stock as if such Disqualified Stock or Preferred Stock were purchased on any date on which  Consolidated Total Indebtedness shall be required to be determined pursuant to this Agreement, and if  such price is based upon, or measured by, the fair market value of such Disqualified Stock or Preferred  Stock, such fair market value shall be determined reasonably and in good faith by the U.S. Borrower.               “Consolidated Working Capital” means, at any date, the excess of (a) the sum of all  amounts (other than cash and Cash Equivalents) that would, in conformity with GAAP, be set forth  opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet of the U.S.  Borrower and its Restricted Subsidiaries at such date over (b) the sum of all amounts that would, in  conformity with GAAP, be set forth opposite the caption “total current liabilities” (or any like caption) on  a consolidated balance sheet of the U.S. Borrower and its Restricted Subsidiaries on such date, including  deferred revenue but excluding, without duplication, (i) the current portion of any Funded Debt, (ii) the      

 

    current portion of accrued interest and (iii) the current portion of current and deferred income taxes;  provided that for the purposes of calculating increases or decreases of Consolidated Working Capital in  the definition of Excess Cash Flow, any changes in current assets or current liabilities shall be excluded to  the extent arising as a result of (x) the effect of fluctuations in the amount of recognized assets or  liabilities under Hedge Agreements, (y) any reclassification of assets or liabilities between current and  noncurrent in accordance with GAAP (other than as a result of the passage of time) and (z) the effects of  acquisition method accounting.               “Contingent Obligations” means, with respect to any Person, any obligation of such  Person guaranteeing any leases, dividends or other obligations that do not constitute Indebtedness (the  “primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or  indirectly, including any obligation of such Person, whether or not contingent, (a) to purchase any such  primary obligation or any property constituting direct or indirect security therefor, (b) to advance or  supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working  capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the  primary obligor, or (c) to purchase property, securities or services primarily for the purpose of assuring  the owner of any such primary obligation of the ability of the primary obligor to make payment of such  primary obligation against loss in respect thereof.               “Controlled Investment Affiliate” means, as to any Person, any other Person which  directly or indirectly is in control of, is controlled by, or is under common control with such Person and is  organized by such Person (or any Person controlling such Person) primarily for making direct or indirect  equity or debt investments in the U.S. Borrower and/or other companies.               “Converted U.S. Term B-2 Loan” means each Existing U.S. Term B Loan held by a  Converting U.S. Term B-2 Lender on the Amendment No. 5 Effective Date immediately prior to the  extension of credit hereunder on the Amendment No. 5 Effective Date; provided that the amount of such  Converting U.S. Term B-2 Lender’s Converted U.S. Term B-2 Loans may be less than the amount of the  Existing U.S. Term B Loans held by such Converting U.S. Term B-2 Lender, which lower amount shall  be notified to such Converting U.S. B-2 Lender by the Amendment No. 5 Arrangers prior to the  Amendment No. 5 Effective Date (with any amounts that are not converted to be repaid).                “Converted U.S. Term B-3 Loan” means each Existing U.S. Term B-1 Loan held by a  Converting U.S. Term B-3 Lender on the Amendment No. 6 Effective Date immediately prior to the  extension of credit hereunder on the Amendment No. 6 Effective Date; provided that the amount of such  Converting U.S. Term B-3 Lender’s Converted U.S. Term B-3 Loans may be less than the amount of the  Existing U.S. Term B-1 Loans held by such Converting U.S. Term B-3 Lender, which lower amount shall  be notified to such Converting U.S. B-3 Lender by the Amendment No. 6 Arrangers prior to the  Amendment No. 6 Effective Date (with any amounts that are not converted to be repaid).               “Converting U.S. Term B-2 Lenders” means each Lender that has returned an executed  counterpart to Amendment No. 5 to the Agent prior to the Amendment No. 5 Effective Date indicating an  election to convert their outstanding Existing U.S. Term B Loans into a like principal amount in Dollars  of new U.S. Term B-2 Loans (or such lesser amount as allocated to such Lender by the Amendment No. 5  Arrangers).               “Converting U.S. Term B-3 Lenders” means each Lender that has returned an executed  counterpart to Amendment No. 6 to the Agent prior to the Amendment No. 6 Effective Date indicating an  election to convert their outstanding Existing U.S. Term B-1 Loans into a like principal amount in Dollars  of new U.S. Term B-3 Loans (or such lesser amount as allocated to such Lender by the Amendment No. 6  Arrangers).      

 

                “Corresponding Tenor” with respect to a Benchmark Replacement means a tenor  (including overnight) having approximately the same length (disregarding business day adjustment) as the  applicable tenor for the applicable Interest Period with respect to the Eurocurrency Rate or BA Rate, as  applicable.               “Credit Party” means the Agent, each Issuing Bank and any other Lender.               “CTA 2009” means the U.K. Corporation Tax Act 2009.               “Debt Incurrence Prepayment Event” means any issuance or incurrence by the U.S.  Borrower or any of the Restricted Subsidiaries of (a) any Indebtedness (excluding any Indebtedness  permitted to be issued or incurred under Section 6.01 other than pursuant to Section 6.01(b)(iv) or Section  6.01(b)(xxv)(A)) or (b) any Refinancing Term Loans.               “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other  liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,  arrangement, rearrangement, receivership, insolvency, reorganization, examinership or similar debtor  relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting  the rights of creditors generally (including, in the case of the U.K. Borrower, administration,  administrative receivership, voluntary arrangement and schemes of arrangement and, in the case of the  Canadian Borrower, the Canada Business Corporations Act).               “Default” means any event that is, or with the passage of time or the giving of notice or  both would be, an Event of Default.               “Defaulting Lender” means any Lender that (a) has failed, within two Business Days of  the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its  participations in Letters of Credit or (iii) pay over to any Credit Party any other amount required to be  paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Agent in writing that  such failure is the result of such Lender’s good faith determination that a condition precedent to funding  (specifically identified and including the particular Default, if any) has not been satisfied, (b) has notified  any Borrower or any Credit Party in writing, or has made a public statement to the effect, that it does not  intend or expect to comply with any of its funding obligations under this Agreement (unless such writing  or public statement indicates that such position is based on such Lender’s good faith determination that a  condition precedent (specifically identified and including the particular Default, if any) to funding a loan  under this Agreement cannot be satisfied) or generally under other agreements in which it commits to  extend credit, (c) has failed, within three Business Days after request by a Credit Party, acting in good  faith (whether acting on its own behalf or at the reasonable request of any Borrower (it being understood  that the Agent shall comply with any such reasonable request)), to provide a certification in writing from  an authorized officer of such Lender that it will comply with its obligations (and is financially able to  meet such obligations) to fund prospective Loans and participations in then outstanding Letters of Credit  under this Agreement; provided that such Lender shall cease to be a Defaulting Lender pursuant to this  clause (c) upon such Credit Party’s receipt of such certification in form and substance satisfactory to it  and the Agent, or (d) has become the subject of (A) a Bankruptcy Event or (B) a Bail-In Action.                “Deferred Net Cash Proceeds” has the meaning provided such term in the definition of  “Net Cash Proceeds.”               “Derivative Transaction” means (a) an interest-rate transaction, including an interest-rate  swap, basis swap, forward rate agreement, interest rate option (including a cap, collar, and floor), and any  other instrument linked to interest rates that gives rise to similar credit risks (including when-issued      

 

    securities and forward deposits accepted), (b) an exchange-rate transaction, including a cross-currency  interest-rate swap, a forward foreign-exchange contract, a currency option, and any other instrument  linked to exchange rates that gives rise to similar credit risks and (c) a commodity (including precious  metal) derivative transaction, including a commodity-linked swap, a commodity-linked option, a forward  commodity-linked contract, and any other instrument linked to commodities that gives rise to similar  credit risks.               “Designated Business” means the operations and/or assets comprising one or more lines  of business or similar internal business unit of the U.S. Borrower and/or its Subsidiaries (including but  not limited to all assets used in or reasonably related to such business, Equity Interests of any Subsidiary  owning or operating any such business and cash and Cash Equivalents that are incidental to such business  but excluding any other cash and Cash Equivalents) designated in writing by the U.S. Borrower to the  Agent as a “Designated Business” so long as the sum of the Designated Business EBITDA of such  Designated Business plus the Designated Business EBITDA of each other Designated Business  previously disposed of pursuant to Section 6.04(xviii) does not account for more than 25% (plus, solely to  the extent not included in the EBITDA of the U.S. Borrower and its Restricted Subsidiaries, the  Designated Business EBITDA of each Designated Business previously disposed of pursuant to Section  6.04(xviii)) after the Closing Date of the EBITDA of the U.S. Borrower and its Restricted Subsidiaries for  the most recently ended Test Period.               “Designated Business EBITDA” means, with respect to any Designated Business  disposed of pursuant to Section 6.04(xviii), the amount of EBITDA of the U.S. Borrower and its  Restricted Subsidiaries for the most recently ended Test Period prior to the date of such disposition that is  derived from or otherwise attributable to such Designated Business.                “Designated Equity Amount” has the meaning provided such term in Section 6.01(b)(xx).               “Designated Noncash Consideration” means the fair market value of noncash  consideration received by the U.S. Borrower or a Restricted Subsidiary in connection with a Disposition  pursuant to Section 6.06(j) that is designated as Designated Noncash Consideration pursuant to a  certificate of a Responsible Officer delivered to the Agent, setting forth the basis of such valuation (which  amount will be reduced by any cash proceeds subsequently received by the U.S. Borrower or any  Restricted Subsidiary (other than from the U.S. Borrower or a Restricted Subsidiary) in connection with  any subsequent repayment, redemption or Disposition of such noncash consideration).               “Designated Obligations” means all obligations of the Borrowers with respect to (a)  principal of and interest on the Loans, (b) LC Disbursements and interest thereon and (c) accrued and  unpaid fees under the Loan Documents.               “Designated Preferred Stock” means Preferred Stock of the U.S. Borrower or any direct  or indirect parent company thereof (in each case other than Disqualified Stock) that is issued for cash  (other than to a Restricted Subsidiary) and is so designated as Designated Preferred Stock pursuant to an  Officers’ Certificate delivered to the Agent that is executed by a Responsible Officer of the U.S.  Borrower on the issuance date thereof, the cash proceeds of which are excluded from the calculation set  forth in the definition of “Applicable Amount.”               “Determination Date” means (a) with respect to any Eurocurrency Rate Loan or BA Rate  Loan denominated in any currency other than Dollars, each date of determination of the Eurocurrency  Rate or BA Rate applicable to such Loan (and, if any Eurocurrency Interest Period has a duration of more  than three months, on each date during such Interest Period occurring every three months from the first  day of such Eurocurrency Interest Period), (b) with respect to any Canadian Base Rate Loan, the date      

 

    such Loan is made and each date on which interest is invoiced on such Loan, and (c) with respect to each  Letter of Credit denominated in any currency other than Dollars, the first Business Day of each calendar  month.               “Discharge of Obligations” shall be deemed to have occurred on the first date that (a) all  Commitments shall have been terminated, (b) all Obligations arising under the Loan Documents (other  than contingent obligations for unasserted claims) shall have been repaid in full and (c) no Letters of  Credit shall be outstanding (except to the extent consented to by issuer thereof pursuant to arrangements  reasonably acceptable to such issuer in its sole discretion).               “Disclosed Matters” means the actions, suits and proceedings and the environmental  matters disclosed in Schedule 3.06.               “Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition  (including any Sale and Lease-Back Transaction and any issuance or sale of Equity Interests of any  Subsidiary) of any property of the U.S. Borrower or any of the Restricted Subsidiaries.               “Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person  which, by its terms, or by the terms of any security into which it is convertible or for which it is  convertible or exchangeable, or upon the happening of any event, matures or is mandatorily redeemable  (other than solely for Capital Stock that is not Disqualified Stock), other than as a result of a change of  control or asset sale, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of  the holder thereof (other than as a result of a change of control or asset sale to the extent the terms of such  Capital Stock provide that such Capital Stock shall not be required to be repurchased or redeemed until  the Discharge of Obligations has occurred or such repurchase or redemption is otherwise permitted by  this Agreement (including as a result of a waiver hereunder)), in whole or in part, in each case prior to the  date that is ninety-one (91) days after the earlier of the Latest Maturity Date at the time of issuance  thereof and the Discharge of Obligations; provided that if such Capital Stock is issued to any plan for the  benefit of employees of the U.S. Borrower or its Subsidiaries or by any such plan to such employees, such  Capital Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased  by the U.S. Borrower or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations;  provided, further, that any Capital Stock held by any future, present or former employee, director,  manager or consultant (or their respective estates, Controlled Investment Affiliates or Immediate Family  Members), of the U.S. Borrower, any of its Subsidiaries or any of its direct or indirect parent companies’  or any other entity in which the U.S. Borrower or a Restricted Subsidiary has an Investment and is  designated in good faith as an “affiliate” by the Board of Directors of the U.S. Borrower (or the  Compensation Committee thereof), in each case pursuant to any stockholders’ agreement, management  equity plan or stock incentive plan or any other management or employee benefit plan or agreement shall  not constitute Disqualified Stock solely because it may be required to be repurchased by the U.S.  Borrower or its Subsidiaries following the termination of employment of any such employee, director,  manager or consultant with the U.S. Borrower or its Subsidiaries.               “Dollar Equivalent” of any amount means, at the time of determination thereof, (a) if  such amount is expressed in Dollars, such amount, (b) if such amount is expressed in an Alternative  Currency, the equivalent of such amount in Dollars determined by using the rate of exchange for the  purchase of the Dollars with the Alternative Currency in the London foreign exchange market at or about  11:00 a.m. London time (or New York time, as applicable) on a particular day as displayed by ICE Data  Services  as the “ask price”, or as displayed on such other information service which publishes that rate of  exchange from time to time in place of ICE Data Services (or if such service ceases to be available, the  equivalent of such amount in Dollars as determined by the Agent using any method of determination it  deems appropriate in its sole discretion) and (c) if such amount is denominated in any other currency, the      

 

    equivalent of such amount in Dollars as determined by the Agent using any method of determination it  deems appropriate in its sole reasonable discretion.               “Dollars” and the sign “$” each mean the lawful money of the United States of America.               “Domestic Obligations” means all unpaid principal of and accrued and unpaid interest on  the Loans made to the U.S. Borrower or LC Disbursements made pursuant to Letters of Credit issued for  the account of the U.S. Borrower, including on behalf of any of its U.S. subsidiaries (not including, for  the avoidance of doubt, any Foreign Borrower or its subsidiaries), all accrued and unpaid fees (including  pursuant to Section 2.10 of this Agreement) and all expenses, reimbursements, indemnities and other  obligations of the Loan Parties to the Lenders or to any Lender, the Agent, any Issuing Bank or any  indemnified party arising under the Loan Documents (including interest and fees accruing after  commencement of any bankruptcy or insolvency proceeding against any Loan Party, whether or not  allowed in such proceeding).               “Domestic Subsidiary” means, with respect to any Person, any Restricted Subsidiary of  such Person other than a Foreign Subsidiary.               “Early Opt-in Election” means the occurrence of:               (1)   (i) a determination by the Administrative Agent in consultation with the        applicable Borrowers or (ii) a notification by the Required Class Lenders for each Facility        providing for Loans in the applicable currency to the Administrative Agent (with a copy to the        applicable Borrowers) that the Required Class Lenders for each Facility providing for Loans in        the applicable currency have determined that syndicated credit facilities denominated in such        applicable currency being executed at such time, or that include language similar to that        contained in Section 2.14 are being executed or amended, as applicable, to incorporate or adopt a        new benchmark interest rate to replace the Eurocurrency Rate or BA Rate, as applicable, and                (2)   (i) the election by the Administrative Agent in consultation with the applicable        Borrowers or (ii) the election by the Required Class Lenders for each Facility providing for Loans        in the applicable currency to declare that an Early Opt-in Election has occurred and the provision,        as applicable, by the Administrative Agent of written notice of such election to the applicable        Borrowers and the Lenders or by the Required Class Lenders of each Facility providing for Loans        in the applicable currency of written notice of such election to the Administrative Agent.               “ECF Percentage” means, with respect to the prepayment required by Section 2.09(a)  with respect to any fiscal year of the U.S. Borrower, if the Consolidated Secured Debt Ratio (prior to  giving effect to the applicable prepayment pursuant to Section 2.09(a), but after giving effect to any  voluntary prepayments made pursuant to such Section prior to the date of such prepayment) as of the end  of such fiscal year is (a) greater than 3.25 to 1.00, 50% of Excess Cash Flow for such fiscal year, (b) less  than or equal to 3.25 to 1.00 but greater than 2.75 to 1.00, 25% of Excess Cash Flow for such fiscal year  and (c) equal to or less than 2.75:1.00, 0% of Excess Cash Flow for such fiscal year.               “EBITDA” means, with respect to any Person for any period, the Consolidated Net  Income of such Person for such period,               (a)   increased by (without duplication):                 (i) provision for taxes based on income or profits, plus franchise or similar taxes, for such        period deducted in computing Consolidated Net Income for such period, plus       

 

                                    (ii) consolidated Interest Charges for such period to the extent the same was deducted in  calculating Consolidated Net Income for such period, plus          (iii) Consolidated Depreciation and Amortization Expense for such period to the extent  such depreciation and amortization were deducted in computing Consolidated Net Income for  such period, plus          (iv) any expenses or charges related to the Refinancing Transactions, any Equity  Offering, Permitted Investment, acquisition, disposition, recapitalization or the incurrence of  Indebtedness permitted to be incurred hereunder including a refinancing thereof (whether or not  successful and including any such transaction prior to the Closing Date) and any amendment or  modification to the terms of any such transactions, including all fees, expenses or charges  deducted in computing Consolidated Net Income for such period, plus          (v) the amount of any restructuring charge or reserve deducted in such period in  computing Consolidated Net Income for such period, including any one-time costs incurred in  connection with (A) acquisitions whether consummated before or after the Closing Date or (B)  the closing or consolidation of facilities whether before or after the Closing Date, plus          (vi) any write-offs, write-downs or other noncash charges reducing Consolidated Net  Income for such period, in each case, in excess of $2.0 million individually, excluding any such  charge that represents an accrual or reserve for a cash expenditure for a future period, plus          (vii) the amount of any non-controlling interest expense deducted in calculating  Consolidated Net Income for such period, plus          (viii) the amount of net cost savings projected by the U.S. Borrower in good faith to be  realized during such period (calculated on a pro forma basis as though such cost savings had been  realized on the first day of such period) as a result of actions taken or to be taken in connection  with any acquisition or disposition by the U.S. Borrower or any Restricted Subsidiary, net of the  amount of actual benefits realized during such period from such actions; provided that (A) such  cost savings are reasonably identifiable and factually supportable, (B) such actions are taken or  expected to be taken within 18 months after the date of such acquisition or disposition and (C) the  aggregate amount of cost savings added pursuant to this clause (viii) shall not exceed 20% of  EBITDA of the U.S. Borrower for the most recently ended Test Period prior to the determination  date (calculated after giving effect to any adjustments pursuant to this clause (viii)) for any Test  Period (which adjustments may be incremental to pro forma adjustments made pursuant to the  second paragraph of the definition of “Interest Coverage Ratio”), plus          (ix) any costs or expenses incurred by the U.S. Borrower or a Restricted Subsidiary  pursuant to any management equity plan or stock option plan or any other management or  employee benefit plan or agreement or any stock subscription or stockholders agreement, to the  extent that such costs or expenses are funded with cash proceeds contributed to the capital of the  U.S. Borrower or net cash proceeds of issuance of Equity Interests of the U.S. Borrower (other  than Disqualified Stock) in each case, solely to the extent that such cash proceeds are excluded  from the calculation of the Applicable Amount, plus          (x) any net after-tax non-recurring or unusual gains or losses (less all fees and expenses  relating thereto) or expenses (including relating to severance, relocation, unusual contract  terminations, one-time compensation charges, warrants or options to purchase Capital Stock of  Holdings or any direct or indirect parent thereof), plus                                 

 

                (xi) to the extent covered by insurance and actually reimbursed, or, so long as the U.S.        Borrower has made a determination that there exists reasonable evidence that such amount will in        fact be reimbursed by the insurer and only to the extent that such amount is (A) not denied by the        applicable carrier in writing within 180 days and (B) in fact reimbursed within 365 days of the        date of such evidence (with a deduction for any amount so added back to the extent not so        reimbursed within such 365 days), expenses with respect to liability or casualty events or        business interruption;               (b)   decreased by (without duplication) noncash gains included in Consolidated Net        Income of such Person for such period, in excess of $2.0 million individually, excluding any        noncash gains that represent the reversal of any accrual of, or cash reserve for, anticipated cash        charges in any prior period (other than such cash charges that have been added back to        Consolidated Net Income in calculating EBITDA in accordance with this definition); and               (c)   increased (by losses) or decreased (by gains), as applicable, by (without        duplication) (i) any net noncash gain or loss resulting in such period from Hedging Obligations        and the application of Financial Accounting Codification 815 and (ii) any net noncash gain or        loss resulting in such period from currency translation gains or losses related to currency        remeasurements of Indebtedness and (iii) revaluations of intercompany balances.               Notwithstanding the foregoing with respect to the U.S. Borrower’s investment in AIM  which are accounted for by the equity method of accounting, EBITDA will include, without duplication,  the U.S. Borrower’s proportionate share of EBITDA of AIM (as calculated in accordance with the  foregoing definition without reference to this sentence).               “EEA Financial Institution” means (a) any credit institution or investment firm  established in any EEA Member Country which is subject to the supervision of an EEA Resolution  Authority, (b) any entity established in an EEA Member Country which is a parent of an institution  described in clause (a) of this definition, or (c) any financial institution established in an EEA Member  Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is  subject to consolidated supervision with its parent.               “EEA Member Country” means any of the member states of the European Union,  Iceland, Liechtenstein, and Norway.               “EEA Resolution Authority” means any public administrative authority or any Person  entrusted with public administrative authority of any EEA Member Country (including any delegee)  having responsibility for the resolution of any EEA Financial Institution.               “Effective Yield” for any Indebtedness on any date of determination will be determined  by the Agent in consultation with the U.S. Borrower and consistent with generally accepted financial  practices utilizing (a) if applicable, any “Eurocurrency Rate floor” applicable to such Indebtedness on  such date, (b) the interest margin for such Indebtedness on such date and (c) the issue price of such  Indebtedness (after giving effect to any original issue discount (with original issue discount being equated  to interest based on an assumed four-year average life to maturity on a straight-line basis)) or upfront fees  (which shall be deemed to constitute like amounts of original issue discount), in each case, incurred or  payable to the lenders of such Indebtedness but excluding arrangement, underwriting, commitment,  structuring, ticking, unused line, amendment fees and other similar fees not paid generally to all lenders in  the primary syndication of such Indebtedness; provided that with respect to any Indebtedness that  includes a “Eurocurrency floor,” (i) to the extent that the Eurocurrency Rate (without giving effect to any  floors in such definitions), as applicable, on the date that the Effective Yield is being calculated is less      

 

    than such floor, the amount of such difference shall be deemed added to the interest rate margin for such  Indebtedness and (ii) to the extent that the Eurocurrency Rate (without giving effect to any floors in such  definitions), as applicable, on such date is greater than such floor, then the floor shall be disregarded.               “Electronic Signature” means an electronic sound, symbol, or process attached to, or  associated with, a contract or other record and adopted by a person with the intent to sign, authenticate or  accept such contract or record.               “Electronic System” means any electronic system, including e-mail, e-fax, Intralinks®,  ClearPar®, Debt Domain, Syndtrak and any other Internet or extranet-based site, whether such electronic  system is owned, operated or hosted by the Agent and or any Issuing Bank and any of its respective  Related Parties or any other Person, providing for access to data protected by passcodes or other security  system.               “EMU” means the economic and monetary union contemplated by the Treaty of the  European Union.               “Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders,  decrees, judgments, injunctions or legally binding agreements issued, promulgated or entered into by any  Governmental Authority, relating in any way to the protection of the environment, preservation or  reclamation of natural resources, the management, release or threatened release of, or exposure to, any  Hazardous Material or, to the extent relating to human exposure to Hazardous Materials, health and safety  matters.               “Environmental Liability” means any liability, contingent or otherwise (including,  without limitation, any liability for damages, costs of environmental investigation, remediation,  restoration or monitoring, fines, penalties or indemnities), of the U.S. Borrower or any Restricted  Subsidiary directly or indirectly resulting from or based upon (a) violation of or liability under any  Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any  Hazardous Materials, (c) human or animal exposure to any Hazardous Materials, (d) the release or  threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or  other legally binding consensual arrangement pursuant to which liability is assumed or imposed with  respect to any of the foregoing.               “Equity Interests” means Capital Stock and all warrants, options or other rights to acquire  Capital Stock, but excluding any debt security that is convertible into, or exchangeable for, Capital Stock.               “Equity Offering” means any public or private sale of common stock or Preferred Stock  of the U.S. Borrower or any of its direct or indirect parent companies (excluding Disqualified Stock),  other than (a) public offerings with respect to the U.S. Borrower’s or any direct or indirect parent  company’s common stock registered on Form S-4 or Form S-8, (b) any such public or private sale that  constitutes an Excluded Contribution and (c) an issuance to any direct or indirect parent company of the  U.S. Borrower, the U.S. Borrower or any Subsidiary of the U.S. Borrower.               “ERISA” means the Employee Retirement Income Security Act of 1974, as amended  from time to time.               “ERISA Affiliate” means any trade or business (whether or not incorporated) that,  together with the U.S. Borrower, is treated as a single employer under Section 414(b) or (c) of the Code  or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single  employer under Section 414 of the Code.      

 

                “ERISA Event” means (a) any “reportable event,” as defined in Section 4043 of ERISA  or the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day  notice period is waived); (b) the existence with respect to any Plan of an “accumulated funding  deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c)  the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a  waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the U.S.  Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the  termination of any Plan; (e) the receipt by the U.S. Borrower or any ERISA Affiliate from the PBGC or a  plan administrator of any notice of an intent to terminate any Plan or Plans or to appoint a trustee to  administer any Plan; (f) the incurrence by the U.S. Borrower or any of its ERISA Affiliates of any  liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g)  the receipt by the U.S. Borrower or any ERISA Affiliate of any notice, or the receipt by any  Multiemployer Plan from the U.S. Borrower or any ERISA Affiliate of any notice, concerning the  imposition of Withdrawal Liability or a determination that a Multiemployer Plan is insolvent, within the  meaning of Title IV of ERISA.               “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published  by the Loan Market Association (or any successor Person), as in effect from time to time.               “Euro” and the sign “€” each mean the single currency of participating member states of  the EMU.               “Euro Term A Commitment” means, with respect to each Euro Term A Lender, the  commitment of such Lender to make Euro Term A Loans to the U.K. Borrower in the aggregate principal  amount outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule II to  Incremental Amendment No. 1 under the caption “Euro Term A Commitments,” as adjusted to reflect  each Assignment and Assumption executed by such Lender and as such amount may be increased or  reduced pursuant to this Agreement, and “Euro Term A Commitments” shall mean the aggregate Euro  Term A Commitments of all Euro Term A Lenders, which amount, initially as of the Incremental  Amendment No. 1 Effective Date, shall be €170 million.               “Euro Term A Lender” means each Lender that has a Euro Term A Commitment or that  is a holder of Euro Term A Loans.                “Euro Term A Loan” has the meaning assigned to such term in Section 2.01(b)(v).               “Euro Term A Loan Facility” means the provisions herein related to the Euro Term A  Commitments and the Euro Term A Loans.               “Euro Term A Loan Maturity Date” means March 28, 2022.               “Euro Term A-1 Commitment” means, with respect to each Euro Term A-1 Lender, the  commitment of such Lender to make Euro Term A-1 Loans to the U.K. Borrower on the Amendment No.  7 Effective Date in the aggregate principal amount outstanding not to exceed the amount set forth  opposite such Lender’s name on Schedule II to Amendment No. 7 under the caption “Euro Term A-1  Commitment,” as adjusted to reflect each Assignment and Assumption executed by such Lender and as  such amount may be increased or reduced pursuant to this Agreement, and “Euro Term A-1  Commitments” shall mean the aggregate Euro Term A-1 Commitments of all Euro Term A-1 Lenders,  which amount, initially as of the Amendment No. 7 Effective Date, shall be €130.0 million.               “Euro Term A-1 Lender” means each Lender that has a Euro Term A-1 Commitment.       

 

                “Euro Term A-1 Loan” has the meaning assigned to such term in Section 2.01(b)(xii) and  shall include all Euro Term A-1 Loans funded on the Amendment No. 7 Effective Date pursuant to the  Euro Term A-1 Commitments.               “Euro Term A-1 Loan Facility” means the provisions herein related to the Euro Term A-1  Commitments and the Euro Term A-1 Loans.               “Euro Term A-1 Loan Maturity Date” means October 1, 2023.               “Eurocurrency Interest Period” means with respect to any Eurocurrency Rate Borrowing,  the period commencing on the date of such Borrowing and ending on the numerically corresponding day  in the calendar month that is one, two, three or six months (or, to the extent agreed to by the Agent and  each Lender making such Eurocurrency Rate Borrowing, twelve months or any shorter period) thereafter,  as a Borrower may elect; provided that (a) if any Eurocurrency Interest Period would end on a day other  than a Business Day, such Eurocurrency Interest Period shall be extended to the next succeeding Business  Day unless such next succeeding Business Day would fall in the next calendar month, in which case such  Eurocurrency Interest Period shall end on the next preceding Business Day, (b) any Eurocurrency Interest  Period that commences on the last Business Day of a calendar month (or on a day for which there is no  numerically corresponding day in the last calendar month of such Eurocurrency Interest Period) shall end  on the last Business Day of the last calendar month of such Eurocurrency Interest Period and (c) no  Eurocurrency Interest Period for any (i) Eurocurrency Rate Revolving Loan shall end after the latest  Scheduled Termination Date for the applicable Revolving Commitments under the applicable Revolving  Facility or (ii) Eurocurrency Rate Term Loans shall end after the stated maturity date of such Term Loans.               “Eurocurrency Liabilities” has the meaning assigned to such term in Regulation D of the  Federal Reserve Board.               “Eurocurrency Rate” means, in relation to any Loan denominated in a LIBOR Quoted  Currency for any Eurocurrency Interest Period, the rate obtained by dividing (i) the Eurocurrency Screen  Rate at approximately 11:00 a.m., London time, on the relevant Quotation Day; provided that if the  Eurocurrency Screen Rate shall not be available at such time for such Interest Period (an “Impacted  Interest Period”) with respect to the applicable currency then the Eurocurrency Rate shall be the  Interpolated Rate on the Quotation Day by (ii) a percentage equal to 1 minus the stated maximum rate  (stated as a decimal) of all reserves, if any, required to be maintained against Eurocurrency Liabilities  (including any marginal, emergency, special or supplemental reserves); provided that the Eurocurrency  Rate shall not be less than 0.00%.               “Eurocurrency Screen Rate” means, for any day and time, in relation to any Loan  denominated in a LIBOR Quoted Currency for any Eurocurrency Interest Period, the London interbank  offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the  administration of such rate for the relevant currency for a period equal in length to such Eurocurrency  Interest Period as displayed on such day and time on pages LIBOR01 or LIBOR02 of the Reuters screen  that displays such rate (or, in the event such rate does not appear on a Reuters page or screen, on any  successor or substitute page on such screen that displays such rate, or on the appropriate page of such  other information service that publishes such rate from time to time as selected by the Agent in its  reasonable discretion)).               “European Borrowers” means, collectively, the German Borrower, the Irish Borrowers,  the Lux Borrower and the U.K. Borrower.               “Event of Default” has the meaning assigned to such term in Section 7.01.      

 

                “Excess Cash Flow” means, for any Excess Cash Flow Period, an amount equal to the  excess of:               (a)   the sum, without duplication, of:                     (i)   Consolidated Net Income of the U.S. Borrower for such period,                     (ii)  an amount equal to the amount of all noncash charges to the extent              deducted in arriving at such Consolidated Net Income,                    (iii)  decreases in Consolidated Working Capital and long-term account              receivables for such period (other than any such decreases arising from acquisitions by              the U.S. Borrower and its Restricted Subsidiaries completed during such period), and                    (iv)   an amount equal to the aggregate net noncash loss on the sale, lease,              transfer or other disposition of assets by the U.S. Borrower and its Restricted Subsidiaries              during such period (other than sales in the ordinary course of business) to the extent              deducted in arriving at such Consolidated Net Income; over               (b)   the sum, without duplication, of:                     (i)   an amount equal to the amount of all noncash credits included in arriving              at such Consolidated Net Income and cash charges described in clauses (a) through (j) of              the definition of “Consolidated Net Income” and included in arriving at such              Consolidated Net Income,                     (ii)  without duplication of amounts deducted in arriving at such Consolidated              Net Income or pursuant to clause (xi) below in prior periods, the amount of Capital              Expenditures made in cash during such period, except to the extent that such Capital              Expenditures were not financed with Internally Generated Funds,                    (iii)  the aggregate amount of all principal payments of Indebtedness of the              U.S. Borrower and its Restricted Subsidiaries (including (x) the principal component of              payments in respect of Capitalized Lease Obligations and (y) the amount of any              prepayment of Loans pursuant to Section 2.06 or, to the extent made with the proceeds of              a Disposition that resulted in an increase to Consolidated Net Income and not in excess of              the amount of such increase, Section 2.09(b) but excluding all other prepayments of the              Loans) made during such period (other than in respect of any revolving credit facility to              the extent there is not an equivalent permanent reduction in commitments thereunder),              except to the extent financed with the proceeds of other Indebtedness of the U.S.              Borrower or its Restricted Subsidiaries (other than under any revolving credit facility),                    (iv)   an amount equal to the aggregate net noncash gain on the sale, lease,              transfer or other disposition of assets by the U.S. Borrower and its Restricted Subsidiaries              during such period (other than sales in the ordinary course of business) to the extent              included in arriving at such Consolidated Net Income,                     (v)   increases in Consolidated Working Capital and long-term account              receivables for such period (other than any such increases arising from acquisitions of a              Person or business unit by the U.S. Borrower and its Restricted Subsidiaries during such              period),      

 

                                   (vi)   cash payments by the U.S. Borrower and its Restricted Subsidiaries  during such period in respect of long-term liabilities of the U.S. Borrower and its  Restricted Subsidiaries other than Indebtedness,        (vii)  without duplication of amounts deducted pursuant to clause (xi) below in  prior periods, the amount of Investments and acquisitions made during such period to the  extent permitted under Section 6.07 (excluding Investments in (x) Cash Equivalents, (y)  Investment Grade Securities and (z) the U.S. Borrower or any of its Restricted  Subsidiaries), to the extent that such Investments and acquisitions were financed with  Internally Generated Funds,       (viii)  the amount of Restricted Payments made in cash during such period to  the extent permitted under clauses (i), (iii), (v), (vii), (ix), (xi), (xii), (xiv), (xv), (xvi) and  (xvii) of Section 6.04, to the extent that such Restricted Payments were financed with  Internally Generated Funds,        (ix)   the aggregate amount of expenditures actually made by the U.S.  Borrower and the Restricted Subsidiaries in cash during such period (including  expenditures for the payment of financing fees) to the extent that such expenditures are  not expensed during such period,         (x)   the aggregate amount of any premium, make-whole or penalty payments  actually paid in cash by the U.S. Borrower and the Restricted Subsidiaries during such  period that are required to be made in connection with any prepayment of Indebtedness,        (xi)   without duplication of amounts deducted in arriving at such Consolidated  Net Income or deducted from Excess Cash Flow in prior periods, (A) the aggregate  consideration required to be paid in cash by the U.S. Borrower or any of its Restricted  Subsidiaries pursuant to binding contracts, letters of intent or purchase orders (the  “Contract Consideration”) entered into prior to or during such period relating to  acquisitions or Capital Expenditures and (B) to the extent set forth in a certificate of a  Financial Officer delivered to the Agent prior to the relevant Excess Cash Flow  Application Date, the aggregate amount of cash that is reasonably expected to be paid in  respect of planned cash Capital Expenditures by the U.S. Borrower or any of its  Restricted Subsidiaries (“Planned Capital Expenditures”), in each case to be  consummated or made during the period of four consecutive fiscal quarters of the U.S.  Borrower following the end of such period; provided that to the extent the aggregate  amount of Internally Generated Funds actually utilized to finance such acquisitions,  Capital Expenditures or Planned Capital Expenditures during such period of four  consecutive fiscal quarters is less than the Contract Consideration or Planned Capital  Expenditures, the amount of such shortfall shall be added to the calculation of Excess  Cash Flow at the end of such period of four consecutive fiscal quarters,        (xii)  the amount of cash taxes paid in such period to the extent they exceed the  amount of tax expense deducted in determining Consolidated Net Income for such  period, and       (xiii)  an amount equal to the aggregate net cash losses on the sale, lease,  transfer or other disposition of assets by the U.S. Borrower and its Restricted Subsidiaries  during such period (other than sales in the ordinary course of business) to the extent  deducted in determining Consolidated Net Income.                                

 

                “Excess Cash Flow Period” means (a) the period from and including April 1, 2017  through and including September 30, 2017 and (b) each fiscal year of the U.S. Borrower, commencing  with the fiscal year ending September 30, 2018.               “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules  and regulations of the SEC promulgated thereunder.               “Excluded Asset” has the meaning assigned to such term in the Security Agreement.               “Excluded Contribution” means net cash proceeds, marketable securities or Qualified  Proceeds received by the U.S. Borrower from (a) contributions to its common equity capital (other than  from the proceeds of Designated Preferred Stock) and (b) the sale (other than to a Subsidiary of the U.S.  Borrower or to any management equity plan or stock option plan or any other management or employee  benefit plan or agreement of the U.S. Borrower) of Capital Stock (other than Disqualified Stock or  Designated Preferred Stock) of the U.S. Borrower, in each case designated as Excluded Contributions  pursuant to an Officers’ Certificate executed by an executive vice president and the principal financial  officer of the U.S. Borrower on the date such capital contributions are made or the date such Equity  Interests are sold, as the case may be, which are excluded from the calculation of the Applicable Amount.               “Excluded Subsidiary” means any Domestic Subsidiary that is (a) not a Wholly-Owned  Subsidiary, (b) an Unrestricted Subsidiary, (c) a FSHCO, (d) a Subsidiary of a Foreign Subsidiary that is  a CFC, (e) a Receivables Subsidiary, (f) an Immaterial Subsidiary, (g) regulated as an insurance company,  (h) organized as a not-for-profit organization or (i) prohibited by any agreement binding on such  Subsidiary at the time such Domestic Subsidiary became a Subsidiary and not created in contemplation  thereof from becoming a Subsidiary Guarantor (for so long as such prohibition remains in effect).               “Excluded Swap Obligation” means, with respect to any Loan Party, any Swap  Obligation if, and to the extent that, all or a portion of the guarantee of such Loan Party of, or the grant by  such Loan Party of a security interest to secure, such Swap Obligation (or any guarantee thereof) is or  becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity  Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such  Loan Party’s failure for any reason to constitute an “eligible contract participant” as defined in the  Commodity Exchange Act at the time the guarantee of such Loan Party becomes effective with respect to  such related Swap Obligation.               “Excluded Taxes” means, with respect to any Agent, Issuing Bank, Lender or any other  recipient of any payment to be made by or on account of any obligation of any Borrower or any other  Loan Party hereunder, (a) income or franchise Taxes (or Canadian capital Taxes) imposed on (or  measured by) its net income (however denominated) (or capital, in the case of Canadian capital Taxes) by  a jurisdiction as a result of the recipient being organized or having its principal office or, in the case of  any Lender, having its Applicable Lending Office, in such jurisdiction, (b) any branch profits Taxes under  Section 884 of the Code, or any similar Tax, imposed by a jurisdiction described in clause (a), (c) in the  case of a Lender (other than an assignee pursuant to a request by a Borrower under Section 2.17(b) or a  Lender purchasing a participation pursuant to Section 2.16(b) with respect to that participation), (i) with  respect to any payment made on account of any obligation in respect of any Loan made to the U.S.  Borrower (or any portion allocable to any such Loan, in the case of any obligation that relates to the  Agreement or the Loans as a whole, including any Commitment Fee) or any Letter of Credit issued for  the account of the U.S. Borrower, any U.S. federal withholding Tax that is imposed on amounts payable  to such Lender pursuant to a law in effect on the date such Lender becomes a party to this Agreement (or  designates a new lending office), except to the extent such Lender (or its assignor, if any) was entitled, at  the time of designation of a new lending office (or assignment), to receive additional amounts from the      

 

    U.S. Borrower or any other Loan Party with respect to such withholding Tax pursuant to Section 2.15(a)  or (e) and (ii) with respect to any payment made by or on account of any Loan made to the Canadian  Borrower or a Letter of Credit issued for the Canadian Borrower, any Canadian federal withholding Tax  (A) that is imposed on amounts payable to such Lender or the applicable Issuing Bank, as the case may  be, at the time such Lender or Issuing Bank becomes a party to this Agreement (or designates a new  lending office), except to the extent such Lender or Issuing Bank (or its assignor, if any) was entitled, at  the time of designation of a new lending office (or assignment), to receive additional amounts from the  Canadian Borrower or any other Loan Party with respect to such withholding Tax pursuant to Section  2.15(a) or (e) or (B) resulting from (x) such Lender or Issuing Bank not dealing at arm’s length with the  Canadian Borrower for purposes the Income Tax Act (Canada) or (y) such Lender or Issuing Bank being,  or not dealing at arm’s length with, a “specified shareholder” of the Canadian Borrower for purposes of  subsection 18(5) of the Income Tax Act (Canada) (other than where the non-arm’s length relationship  arises, or where the Lender is a “specified shareholder”, or does not deal at arm’s length with a “specified  shareholder”, as a result of the Lender having become a party to, received or perfected a security interest  under or received or enforced any rights under, a Loan Document), (d) any Taxes imposed under FATCA,  and (e) any withholding Tax that is attributable to a Lender’s failure to comply with Section 2.15(g).               “Existing Class” has the meaning assigned to such term in Section 2.19(e).               “Existing Credit Agreement” has the meaning assigned to such term in the recitals hereto.               “Existing Letters of Credit” means all “Letters of Credit” (as defined in the Existing  Credit Agreement) outstanding under the Existing Credit Agreement for the U.S. Borrower on the  Closing Date.               “Existing U.S. Term B Loan” means the U.S. Term B Loans outstanding under this  Agreement immediately prior to the Amendment No. 5 Effective Date.                “Existing U.S. Term B-1 Loan” means the U.S. Term B-1 Loans outstanding under this  Agreement immediately prior to the Amendment No. 6 Effective Date.               “Extended Term Loans” has the meaning assigned to such term in Section 2.19(e).               “Extending Lender” has the meaning assigned to such term in Section 2.19(e).               “Extension Election” has the meaning assigned to such term in Section 2.19(e).               “Extension Request” has the meaning assigned to such term in Section 2.19(e).               “Extension Series” means all Extended Term Loans that are established pursuant to the  same supplement pursuant to Section 2.19 (except to the extent such supplement expressly provides that  the Extended Term Loans provided for therein are intended to be a part of any previously established  Class of Term Loans) and that provide for the same interest margins, extension fees and amortization  schedule.                 “Facility” means a Revolving Facility or a Term Loan Facility, as applicable.               “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this  Agreement (or any amended or successor version that is substantively comparable and not materially  more onerous to comply with), any current or future regulations or official interpretations thereof and any  agreement entered into pursuant to Section 1471(b)(1) of the Code as of the date of this Agreement (or      

 

    any amended or successor version described above), and any intergovernmental agreements (together  with any related laws, rules, practices, legislation or official administrative guidance) implementing the  foregoing.               “Federal Funds Effective Rate” means, for any day, the rate calculated by the NYFRB  based on such day’s federal funds transactions by depositary institutions, as determined in such manner as  the NYFRB shall set forth on its public website from time to time, and published on the next succeeding  Business Day by the NYFRB as the federal funds effective rate; provided that if the Federal Funds  Effective Rate shall be less than 0.00%, such rate shall be deemed 0.00% for the purposes of this  Agreement.               “Federal Reserve Bank of New York’s Website” means the website of the NYFRB at  http://www.newyorkfed.org, or any successor source.               “Fees” means all amounts payable pursuant to or referred to in Section 2.10.               “Financial Officer” means the chief financial officer, treasurer or controller of the U.S.  Borrower.               “First Lien Intercreditor Agreement” means an agreement in substantially the form of  Exhibit H, with such changes thereto as are reasonably acceptable to the Agent and the U.S. Borrower;  provided that such changes shall not be materially adverse to the interests of the Lenders.               “Flood Insurance Laws” means, collectively, (i) National Flood Insurance Reform Act of  1994 (which comprehensively revised the National Flood Insurance Act of 1968 and the Flood Disaster  Protection Act of 1973) as now or hereafter in effect or any successor statute thereto, (ii) the Flood  Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (iii) the  Biggert-Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect or any successor statute  thereto.               “Foreign Borrower” means any Borrower other than the U.S. Borrower.               “Foreign Obligations” means all unpaid principal of and accrued and unpaid interest on  the Loans made to Foreign Borrowers or LC Disbursements made pursuant to Letters of Credit issued for  the account of any Foreign Borrower or on behalf of any of its Subsidiaries, all accrued and unpaid fees  (including pursuant to Section 2.10(b) of this Agreement) and all expenses, reimbursements, indemnities  and other obligations of the Foreign Borrowers to the Lenders or to any Lender, the Agent, any Issuing  Bank or any indemnified party arising under the Loan Documents to which such Foreign Borrower is a  party (including interest and fees accruing after commencement of any bankruptcy or insolvency  proceeding against any Loan Party, whether or not allowed in such proceeding).               “Foreign Subsidiary” means, with respect to any Person, any Restricted Subsidiary of  such Person that is not organized under the laws of the United States of America, any state thereof or the  District of Columbia.               “Foreign Subsidiary Total Assets” means the total amount of all assets of Foreign  Subsidiaries of the U.S. Borrower, determined on a consolidated basis in accordance with GAAP.                “FSHCO” means any Domestic Subsidiary that, directly or indirectly, has no material  assets other than Capital Stock (or Capital Stock and Indebtedness) of one or more Foreign Subsidiaries  that are CFCs.      

 

                “Funded Debt” means all Indebtedness of the U.S. Borrower and its Restricted  Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures  within one year from such date that is renewable or extendable, at the option of such Person, to a date  more than one year from such date or arises under a revolving credit or similar agreement that obligates  the lender or lenders to extend credit during a period of more than one year from such date, including  Indebtedness in respect of the Loans.               “GAAP” means generally accepted accounting principles in the United States of America  as in effect, subject to Section 1.08, from time to time.               “German Borrower” has the meaning assigned to such term in the preamble to this  Agreement.               “German Lending Office” means, with respect to any Lender, the office of such Lender  specified as its “German Lending Office” in its Administrative Questionnaire or such other office of such  Lender as such Lender may from time to time specify to the U.S. Borrower and the Agent.               “German Relevant Person” means any member of the Group (together with any director,  officer, employee or agent thereof) incorporated, established or resident in Germany (Inländer within the  meaning of section 2 paragraph 15 of the German Foreign Trade Law (Außenwirtschaftsgesetz, AWG).   For purposes of this definition, “Group” means Holdings and each of its Subsidiaries.               “Governmental Authority” means the government of the United States of America, any  other nation, sovereign or government, any state, province or territory or any political subdivision thereof,  whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or  other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or  functions of or pertaining to government.               “guarantee” means a guarantee (other than by endorsement of negotiable instruments for  collection in the ordinary course of business), direct or indirect, in any manner (including letters of credit  and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other  obligations, and, when used as a verb, shall have a corresponding meaning.               “Guaranteed Obligations” has the meaning assigned to such term in Section 10.01(a).               “Guarantor Percentage” has the meaning assigned to such term in Section 10.10.               “Hazardous Materials” means all explosive or radioactive substances or wastes and all  hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates,  asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical  wastes and all other substances or wastes of any nature regulated as hazardous or deleterious pursuant to  any Environmental Law.               “Hedge Agreement” means any agreement with respect to any Derivative Transaction  between the U.S. Borrower or any Restricted Subsidiary and any other Person.               “Hedging Obligations” means, with respect to any Person, the obligations of such Person  under any Hedge Agreement.               “HMRC” means Her Majesty’s Revenue and Customs.      

 

                “Holdings” has the meaning assigned to such term in the preamble to this Agreement.               “Immaterial Subsidiary” means, at any date of determination, any Restricted Subsidiary  designated as such in writing by the U.S. Borrower that (a) contributed 2.5% or less of EBITDA of the  U.S. Borrower for the most recently ended Test Period and (b) had consolidated assets representing 2.5%  or less of Total Assets on the last day of the most recent fiscal quarter for which financial statements have  been delivered pursuant to Section 5.01.  The Immaterial Subsidiaries as of the Closing Date are listed on  Schedule 1.01(a).               “Immediate Family Members” means with respect to any individual, such individual’s  child, stepchild, grandchild or more remote descendant, parent, stepparent, grandparent, spouse, former  spouse, qualified domestic partner, sibling, mother-in-law, father-in-law, son-in-law and daughter-in-law  (including adoptive relationships) and any trust, partnership or other bona fide estate-planning vehicle the  only beneficiaries of which are any of the foregoing individuals or any private foundation or fund that is  controlled by any of the foregoing individuals or any donor-advised fund of which any such individual is  the donor.               “Impacted Interest Period” has the meaning assigned to it in the definition of  “Eurocurrency Rate.”               “Increased Amount Date” has the meaning assigned to such term in Section 2.19(a).               “incur” has the meaning set forth in Section 6.01(a).               “incurrence” has the meaning set forth in Section 6.01(a).               “Incremental Amendment No. 1” means Incremental Amendment No. 1, dated as of  September 20, 2017 by and among the Loan Parties, the Administrative Agent and the Lenders party  thereto.               “Incremental Amendment No. 1 Effective Date” has the meaning set forth in Incremental  Amendment No. 1.               “Incremental Amendment No. 2” means Incremental Amendment No. 2, dated as of  December 11, 2017 by and among the Loan Parties, the Administrative Agent and the Lenders party  thereto.               “Incremental Amendment No. 2 Co-Documentation Agents” means TD Securities (USA)  LLC, Capital One, National Association, Coӧperatieve Rabobank U.A., New York Branch, U.S. Bank  National Association, Commerzbank AG and SunTrust Bank.               “Incremental Amendment No. 2 Effective Date” has the meaning set forth in Incremental  Amendment No. 2.               “Incremental Amendment No. 2 Joint Lead Arrangers” means JPMorgan Chase Bank,  N.A., Goldman Sachs Lending Partners LLC, Morgan Stanley Senior Funding, Inc., Merrill Lynch,  Pierce, Fenner & Smith Incorporated (or any other registered broker-dealer wholly-owned by Bank of  America Corporation to which all or substantially all of Bank of America Corporation’s or any of its  subsidiaries’ investment banking, commercial lending services or related businesses may be transferred  following the date of this Agreement), Barclays Bank PLC, Wells Fargo Securities, LLC, PNC Capital  Markets LLC, Sumitomo Mitsui Banking Corporation and The Bank of Nova Scotia      

 

                “Incremental Amendment No. 3” means Incremental Amendment No. 3, dated as of  February 28, 2018 by and among the Loan Parties, the Administrative Agent and the Lenders party  thereto.               “Incremental Amendment No. 3 Effective Date” has the meaning set forth in Incremental  Amendment No. 3.               “Incremental Amendment No. 3 Arranger” means JPMorgan Chase Bank, N.A.               “Incremental Amendment No. 8” means Incremental Amendment No. 8, dated as of  January 15, 2020 by and among the Loan Parties, the Administrative Agent and the Lenders party thereto.               “Incremental Amendment No. 8 Co-Documentation Agents” means Capital One,  National Association, Citigroup Global Markets Inc., Coӧperatieve Rabobank U.A., New York Branch,  Morgan Stanley Senior Funding, Inc., PNC Capital Markets LLC, Sumitomo Mitsui Banking  Corporation, TD Securities (USA) LLC, The Bank of Nova Scotia and U.S. Bank National Association.               “Incremental Amendment No. 8 Effective Date” has the meaning set forth in Incremental  Amendment No. 8.               “Incremental Amendment No. 8 Joint Lead Arrangers” means Credit Suisse Loan  Funding LLC, Barclays Bank PLC, BofA Securities, Inc., Goldman Sachs Lending Partners LLC,  JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC.               “Indebtedness” means, with respect to any Person, (a) any indebtedness (including  principal and premium) of such Person, whether or not contingent (i) in respect of borrowed money, (ii)  evidenced by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances  (or, without duplication, reimbursement agreements in respect thereof), (iii) representing the balance  deferred and unpaid of the purchase price of any property (including Capitalized Lease Obligations),  except any such balance that constitutes a trade payable or similar obligation to a trade creditor, in each  case accrued in the ordinary course of business, (iv) advances under, or in respect of Receivables  Facilities or (v) representing any Hedging Obligations, if and to the extent that any of the foregoing  Indebtedness (other than letters of credit and Hedging Obligations) would appear as a liability upon a  balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; (b) to  the extent not otherwise included, any obligation by such Person to be liable for, or to pay, as obligor,  guarantor or otherwise, on the obligations of the type referred to in clause (a) of another Person (whether  or not such items would appear upon the balance sheet of such obligor or guarantor), other than by  endorsement of negotiable instruments for collection in the ordinary course of business; (c) to the extent  not otherwise included, the obligations of the type referred to in clause (a) of another Person secured by a  Lien on any asset owned by such Person, whether or not such obligations are assumed by such Person and  whether or not such obligations would appear upon the balance sheet of such Person; provided that the  amount of such Indebtedness will be the lesser of the fair market value of such asset at the date of  determination and the amount of Indebtedness so secured; and (d) Attributable Debt in respect of Sale and  Lease-Back Transactions; provided, however, that notwithstanding the foregoing, Indebtedness will be  deemed not to include Contingent Obligations incurred in the ordinary course of business with respect to  obligations not constituting Indebtedness of a type described in any of clauses (a) through (d) above.               “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with  respect to any payment made by or on account of any obligation of any Loan Party under any Loan  Document and (b) to the extent not otherwise described in (a), Other Taxes.      

 

                “Independent Financial Advisor” means an accounting, appraisal, investment banking  firm or consultant of nationally recognized standing that is, in the good faith judgment of the U.S.  Borrower, qualified to perform the task for which it has been engaged and that is independent of the U.S.  Borrower and its Affiliates.               “Ineligible Institution” has the meaning assigned to it in Section 9.04(b).               “Information” has the meaning set forth in Section 3.13(a).               “Information Memorandum” means the Confidential Information Memorandum dated  March 2017, relating to this Agreement.               “Initial Revolving Commitments” means with respect to each Revolving Lender, the  commitment of such Revolving Lender to make Initial Revolving Loans in the aggregate principal  amount set forth opposite such Revolving Lender’s name on the Commitments Schedule under the  heading “Initial Revolving Commitments,” as adjusted to reflect each Assignment and Assumption  executed by such Revolving Lender and as such amount may be increased or reduced pursuant to this  Agreement, and “Initial Revolving Commitments” means the aggregate Initial Revolving Commitments  of all Revolving Lenders, which amount, initially as of the Closing Date, is $1,000.0 million.  Upon the  effectiveness of Amendment No. 7, the Initial Revolving Commitments shall be reduced to $0 and shall  be replaced in full by the 2018 Tranche Revolving Commitments.               “Initial Revolving Facility” means the Initial Revolving Commitments and the provisions  herein related to the Initial Revolving Loans and the Letters of Credit thereunder.               “Initial Revolving Loan” has the meaning provided in Section 2.01(a).               “Interbank Rate” means, for any period, (a) in respect of Loans denominated in Dollars,  the Federal Funds Effective Rate and (b) in respect of Loans denominated in any other currency, the  Agent’s cost of funds for such currency (as reasonably determined by the Agent) for such period.               “Interest Charges” means, with respect to any Person for any period, the sum of (a)  Consolidated Interest Expense of such Person for such period, (b) the consolidated amount of all cash  dividend payments (excluding items eliminated in consolidation) on any series of Preferred Stock  (including any dividends paid to any direct or indirect parent company of the U.S. Borrower in order to  permit the payment of dividends by such parent company on its Designated Preferred Stock) paid by such  Person and its Restricted Subsidiaries during such period and (c) the consolidated amount of all cash  dividend payments (excluding items eliminated in consolidation) by such Person and its Restricted  Subsidiaries on any series of Disqualified Stock made during such period.               “Interest Coverage Ratio” means, with respect to any Person for any period, the ratio of  EBITDA of such Person for such period to the Interest Charges of such Person for such period.  In the  event that the U.S. Borrower or any Restricted Subsidiary incurs, assumes, guarantees, redeems, retires or  extinguishes any Indebtedness (other than Indebtedness incurred under any revolving credit facility unless  such revolving credit facility has been permanently repaid and has not been replaced) or issues or redeems  Disqualified Stock or Preferred Stock subsequent to the commencement of the period for which the  Interest Coverage Ratio is being calculated but prior to or simultaneously with the event for which the  calculation of the Interest Coverage Ratio is made (the “Calculation Date”), then the Interest Coverage  Ratio shall be calculated giving pro forma effect to such incurrence, assumption, guarantee, redemption,  retirement or extinguishing of Indebtedness, or such issuance or redemption of Disqualified Stock or      

 

    Preferred Stock, as if the same had occurred at the beginning of the applicable four-quarter period (the  “reference period”).               For purposes of making the computation referred to above, Investments, acquisitions,  Dispositions, mergers, consolidations and disposed operations (as determined in accordance with GAAP)  that have been made by the U.S. Borrower or any Restricted Subsidiary during the four-quarter reference  period or subsequent to such reference period and on or prior to or simultaneously with the Calculation  Date shall be calculated on a pro forma basis assuming that all such Investments, acquisitions,  Dispositions, mergers, consolidations and disposed operations (and the change in any associated Interest  Charges and the change in EBITDA resulting therefrom) had occurred on the first day of the reference  period; provided that, at the option of the U.S. Borrower, no such pro forma adjustment to EBITDA shall  be made in respect of any such transaction to the extent the aggregate consideration with respect to any  such transaction was less than $25.0 million for the reference period.  If since the beginning of such  period any Person (that subsequently became a Restricted Subsidiary or was merged with or into the U.S.  Borrower or any Restricted Subsidiary since the beginning of such period) shall have made any  Investment, acquisition, Disposition, merger, consolidation or disposed operation that would have  required adjustment pursuant to this definition, then the Interest Coverage Ratio shall be calculated giving  pro forma effect thereto for such period as if such Investment, acquisition, Disposition, merger,  consolidation or disposed operation had occurred at the beginning of the reference period (subject to the  threshold specified in the previous sentence).               For purposes of this definition, whenever pro forma effect is to be given to a transaction,  the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of  the U.S. Borrower.  If any Indebtedness bears a floating rate of interest and is being given pro forma  effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Calculation Date  had been the applicable rate for the entire period (taking into account any Hedging Obligations applicable  to such Indebtedness).  Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest  rate reasonably determined by a Financial Officer of the U.S. Borrower in accordance with GAAP.  For  purposes of making the computation referred to above, interest on any Indebtedness under a revolving  credit facility computed on a pro forma basis shall be computed based upon the average daily balance of  such Indebtedness during the applicable period.  Interest on Indebtedness that may optionally be  determined at an interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank  offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none,  then based upon such optional rate chosen as the U.S. Borrower may designate.               “Interest Election Request” means a request by a Borrower to convert or continue a  Borrowing in accordance with Section 2.12.               “Interest Period” means (a) in the case of any Eurocurrency Rate Loan, the applicable  Eurocurrency Interest Period and (b) in the case of any BA Rate Loan, the applicable BA Interest Period.               “Internally Generated Funds” means any amount expended by the U.S. Borrower and its  Restricted Subsidiaries and not representing (a) a reinvestment by the U.S. Borrower or any Restricted  Subsidiaries of the Net Cash Proceeds of any Disposition outside the ordinary course of business or  Casualty Event, (b) the proceeds of any issuance of Indebtedness of the U.S. Borrower or any Restricted  Subsidiary (other than Indebtedness under any revolving credit facility) or (c) any credit received by the  U.S. Borrower or any Restricted Subsidiary with respect to any trade in of property for substantially  similar property or any “like kind exchange” of assets.               “Interpolated Rate” means, at any time, for any Eurocurrency Interest Period, the rate per  annum (rounded to the same number of decimal places as the Eurocurrency Screen Rate) determined by      

 

    the Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the  rate that results from interpolating on a linear basis between:  (a) the Eurocurrency Screen Rate for the  longest period (for which the Eurocurrency Screen Rate is available for the applicable currency) that is  shorter than the Impacted Interest Period; and (b) the Eurocurrency Screen Rate for the shortest period  (for which that Eurocurrency Screen Rate is available for the applicable currency) that exceeds the  Impacted Interest Period, in each case, as of the relevant Quotation Day.               “Investment Grade Securities” means (a) securities issued or directly and fully  guaranteed or insured by the government of the United States of America or any agency or  instrumentality thereof (other than Cash Equivalents), (b) debt securities or debt instruments with a rating  of BBB- or higher by S&P or Baa3 or higher by Moody’s or the equivalent of such rating by such rating  organization, or, if no rating of S&P or Moody’s then exists, the equivalent of such rating by any other  nationally recognized securities rating agency, but excluding any debt securities or instruments  constituting loans or advances among the U.S. Borrower and its subsidiaries, (c) investments in any fund  that invests exclusively in investments of the type described in clauses (a) and (b), which fund may also  hold immaterial amounts of cash pending investment or distribution and (d) corresponding instruments in  countries other than the United States of America customarily utilized for high quality investments, in  each case, consistent with the U.S. Borrower’s cash management and investment practices.               “Investments” means, with respect to any Person, all investments by such Person in other  Persons (including Affiliates) in the form of guarantees, loans or advances of money or capital  contributions to such Person (but excluding any such loan, advance or capital contribution arising in the  ordinary course of business and having a term not exceeding 364 days and furthermore excluding, for the  avoidance of doubt, any extensions of trade credit in the ordinary course of business) or purchases or  other acquisitions of stocks, bonds, debentures, notes or similar securities issued by such Person.  For  purposes of the definition of “Unrestricted Subsidiary” and Section 6.07, (a) “Investments” shall include  the portion (proportionate to the U.S. Borrower’s equity interest in such Subsidiary) of the fair market  value of the net assets of a Subsidiary of the U.S. Borrower at the time that such Subsidiary is designated  an Unrestricted Subsidiary; provided that upon a redesignation of such Unrestricted Subsidiary as a  Restricted Subsidiary, the U.S. Borrower shall be deemed to continue to have a permanent “Investment”  in an Unrestricted Subsidiary in an amount (if positive) equal to (i) the U.S. Borrower’s “Investment” in  such Subsidiary at the time of such redesignation, less (ii) the portion (proportionate to the U.S.  Borrower’s equity interest in such Subsidiary) of the fair market value of the net assets of such Subsidiary  at the time of such redesignation, and (b) any property transferred to or from an Unrestricted Subsidiary  shall be valued at its fair market value at the time of such transfer, in each case as determined in good  faith by the U.S. Borrower.  For the avoidance of doubt, a guarantee by a specified Person of the  obligations of another Person (the “primary obligor”) shall be deemed to be an Investment by such  specified Person in the primary obligor to the extent of such guarantee except that any guarantee by any  Loan Party of the obligations of a primary obligor in favor of a Loan Party shall be deemed to be an  Investment by a Loan Party in another Loan Party.               “Irish Borrowers” has the meaning assigned to such term in the preamble to this  Agreement.               “Irish Lending Office” means, with respect to any Lender, the office of such Lender  specified as its “Irish Lending Office” in its Administrative Questionnaire or such other office of such  Lender as such Lender may from time to time specify to the U.S. Borrower and the Agent.               “Irish Qualifying Jurisdiction” means (a) a member state of the European Union other  than Ireland; (b) a jurisdiction with which Ireland has entered into a Treaty that has the force of law; or (c)      

 

    a jurisdiction with which Ireland has entered into a Treaty where that treaty will (on completion of  necessary procedures) have the force of law.               “Irish Qualifying Lender” means a Lender which is beneficially entitled to interest  payable to that Lender in respect of an advance under this Agreement and is:               (a)   a bank whose Applicable Lending Office is located in Ireland and which is        carrying on a bona fide banking business in Ireland for the purposes of Section 246(3) of TCA; or                (b)   a building society within the meaning of Section 256(1) of TCA whose        Applicable Lending Office is located in Ireland and which is carrying on a bona fide banking        business in Ireland for the purposes of Section 246(3) of TCA; or               (c)   a body corporate (i) which, by virtue of the law of an Irish Qualifying        Jurisdiction, is resident in the Irish Qualifying Jurisdiction for the purposes of tax and that        jurisdiction imposes a tax that generally applies to interest receivable in that jurisdiction by        companies from sources outside that jurisdiction; or (ii) where the interest (1) is exempted from        the charge to Irish income tax under a Treaty in force on the date the interest is paid, or (2) would        be exempted from the charge to Irish income tax if a Treaty which has been signed but is not yet        in force had the force of law on the date the interest is paid; except where, in respect of each of        clauses (i) and (ii), interest payable to that body corporate in respect of an advance under this        Agreement is paid in connection with a trade or business which is carried on in Ireland by that        body corporate through a branch or agency; or               (d)   a body corporate which advances money in the ordinary course of a trade which        includes the lending of money, and whose Applicable Lending Office is located in Ireland, the        interest is taken into account in computing the trading income of such a person; and which has        complied with the notification requirements under Section 246(5) of TCA; or               (e)   a person in respect of which an authorization granted and not revoked by the        Revenue Commissioners of Ireland is subsisting on each interest payment date entitling any        Borrower to pay such person interest without deduction of income tax, by virtue of an applicable        Treaty between Ireland and the country in which such person is resident for the purposes of such        treaty, where such double taxation treaty specifies that no withholding tax is to be made on        interest provided such person does not provide its commitment through a branch or agency in        Ireland; or               (f)   a qualifying company within the meaning of Section 110 of TCA; or               (g)   a company that is incorporated in the United States and subject to tax in the        United States of America on its worldwide income except where interest is paid under this        Agreement to the United States of America company in connection with a trade or business        which is carried on in Ireland by it through a branch or agency; or               (h)   a limited liability company (“LLC”) organized under the laws of the United        States of America, any state thereof or the District of Columbia, where the ultimate recipients of        the interest payable under this Agreement are Irish Qualifying Lenders within sub-paragraphs (c)        or (g) of this definition and the business conducted through the LLC is so structured for market        reasons and not for tax avoidance purposes except where interest is paid under this Agreement to        the LLC in connection with a trade or business which is carried on in Ireland by it through a        branch or agency; or      

 

                (i)   an exempt approved scheme within the meaning of section 774 TCA; or               (j)   an investment undertaking within the meaning of section 739B TCA.               “Irish Tax Confirmation” means a confirmation by a Lender that the person beneficially  entitled to interest payable to that Lender in respect of an advance under this Agreement is an Irish  Qualifying Lender.               “IRS” means the U.S. Internal Revenue Service.               “ISP” means, with respect to any Letter of Credit, the “International Standby Practices  1998” published by the Institute of International Banking Law & Practice (or such later version thereof as  may be in effect at the time of issuance).               “Issuing Bank” means (a) each Person listed on the Commitments Schedule under the  heading “Letter of Credit Commitments” and (b) any other Revolving Lender approved by the Agent and  the U.S. Borrower (such approvals not to be unreasonably withheld) which has agreed to act as an Issuing  Bank hereunder.  Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be  issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such  Affiliate with respect to Letters of Credit issued by such Affiliate and, except as otherwise agreed to by  such Issuing Bank, all payments required to be made to such Issuing Bank hereunder with respect to  Letters of Credit issued by such Issuing Bank shall instead be made to the Affiliate that issued such Letter  of Credit.  Notwithstanding the foregoing, no Issuing Bank under a Revolving Facility shall be required to  serve as an Issuing Bank under any New Revolving Facility unless it affirmatively consents in writing to  do so at or after the time such New Revolving Facility is established.               “ITA 2007” means the U.K. Income Tax Act 2007.               “Joinder Agreement” has the meaning assigned to such term in Section 5.11.               “Joint Lead Arrangers” means JPMorgan Chase Bank, N.A, Goldman Sachs Lending  Partners LLC, Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith, Incorporated  (or any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or  substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking,  commercial lending services or related businesses may be transferred following the date of this  Agreement), Wells Fargo Securities, LLC, Barclays Bank PLC, PNC Capital Markets LLC and Morgan  Stanley MUFG Loan Partners, LLC acting through Morgan Stanley Senior Funding, Inc. and The Bank of  Tokyo-Mitsubishi UFJ, Ltd.                “Judgment Currency” has the meaning assigned to such term in Section 9.09(f).               “Junior Lien Intercreditor Agreement” means an agreement in substantially the form of  Exhibit I, with such changes thereto as are reasonably acceptable to the Agent and the U.S. Borrower;  provided that such changes shall not be materially adverse to the interests of the Lenders.               “Latest Maturity Date” means, at any time, the latest final maturity date then in effect for  any Class of Commitments or Term Loans outstanding under this Agreement.               “LC Disbursement” means a payment made by an Issuing Bank pursuant to a Letter of  Credit.  All LC Disbursements with respect to each Letter of Credit shall (following the funding thereof      

 

    by the applicable Issuing Bank in the currency in which the applicable Letter of Credit is denominated) be  denominated in Dollars based on the Dollar Equivalent amount of the applicable drawing.               “LC Exposure” means, at any time, with respect to any Revolving Facility, the Dollar  Equivalent of the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit under  such Revolving Facility at such time plus (b) the aggregate amount of all LC Disbursements in respect of  Letters of Credit outstanding under such Revolving Facility that have not yet been reimbursed by or on  behalf of the Borrowers at such time.  The LC Exposure of any Revolving Lender under any Revolving  Facility at any time shall be its Ratable Portion of the total LC Exposure under such Revolving Facility at  such time.               “LC Fees” has the meaning assigned to such term in Section 2.10(b)(ii).               “LCT Election” has the meaning provided in Section 1.10.               “LCT Test Date” has the meaning provided in Section 1.10.               “Lender Parent” means, with respect to any Lender, any Person as to which such Lender  is, directly or indirectly, a subsidiary.               “Lenders” means the lenders having Commitments or Loans from time to time or at any  time and, as the context requires, includes the Issuing Banks and their respective successors and assigns  as permitted hereunder and any other Person that shall have become a party hereto pursuant to Section  2.19 or an Assignment and Assumption, other than any such Person that ceases to be a party hereto  pursuant to an Assignment and Assumption.               “Letter of Credit” means a letter of credit issued pursuant to Section 2.04(a).  A Letter of  Credit may only be issued as a standby letter of credit.  Letters of Credit shall not be issued in a form that  would permit the face amount to be reinstated upon the occurrence of a draw under such letter of credit.               “Letter of Credit Commitment” means, with respect to each Issuing Bank, the  commitment of such Issuing Bank to issue Letters of Credit hereunder.  The initial amount of each  Issuing Bank’s Letter of Credit Commitment is set forth on the Commitments Schedule under the heading  “Letter of Credit Commitments,” or if an Issuing Bank has entered into an Assignment and Assumption,  the amount set forth for such Issuing Bank as its Letter of Credit Commitment in the Register maintained  by the Agent.               “LIBOR Quoted Currency” means Dollars, Euro, Sterling and Yen.               “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security  interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise  perfected under applicable law, including any conditional sale or other title retention agreement, any lease  in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of  or agreement to give any financing statement under the UCC (or equivalent statutes) of any jurisdiction;  provided that in no event shall an operating lease or license be deemed to constitute a Lien.               “Limited Condition Acquisition” means any acquisition of an Acquired Entity or  Business by the Borrower or any Restricted Subsidiary the consummation of which is not conditioned on  the availability of financing.       

 

                “Loan Documents” means this Agreement, any promissory notes issued pursuant to this  Agreement and the Collateral Documents.  Any reference in this Agreement or any other Loan Document  to a Loan Document shall include all appendices, exhibits or schedules thereto, and all amendments,  restatements, supplements or other modifications thereto.               “Loan Guarantor” means each Loan Party (other than the Borrowers).               “Loan Guaranty” means Article X of this Agreement.               “Loan Parties” means Holdings, each Borrower, each of the Domestic Subsidiaries of the  U.S. Borrower that is a party to this Agreement as a Loan Guarantor on the Closing Date or that becomes  a party to this Agreement as a Loan Guarantor pursuant to a Joinder Agreement, and their respective  successors and assigns except for any such Domestic Subsidiary that has been released as a Loan  Guarantor in accordance herewith.                “Loans” means, collectively, the Revolving Loans and Term Loans.               “Loss Sharing Agreement” means the Loss Sharing Agreement, dated as of the Closing  Date among the Lenders (it being understood that no Loan Party and no Borrower is a party to such  agreement), as the same may be amended or supplemented from time to time.               “Lux Borrower” has the meaning assigned to such term in the preamble to this  Agreement.               “Luxembourg Lending Office” means, with respect to any Lender, the office of such  Lender specified as its “Luxembourg Lending Office” in its Administrative Questionnaire or such other  office of such Lender as such Lender may from time to time specify to the U.S. Borrower and the Agent.                “Management Stockholders” means the members of management (and their Controlled  Investment Affiliates and Immediate Family Members) of the U.S. Borrower or its direct or indirect  parent who are holders of Equity Interests of any direct or indirect parent company of the U.S. Borrower  on the Closing Date.               “Margin Stock” has the meaning assigned to such term in Regulation U.               “Material Adverse Effect” means a material adverse effect on (a) the business, assets,  operations or financial condition of the U.S. Borrower and the Restricted Subsidiaries taken as a whole,  (b) the ability of the Borrowers and the other Loan Parties (taken as a whole) to perform their payment  obligations under the Loan Documents or (c) the rights of, or remedies available to the Agent or the  Lenders under the Loan Documents.               “Material Indebtedness” means Indebtedness (other than the Loans), or obligations in  respect of one or more Hedge Agreements, of any one or more of the U.S. Borrower and the Restricted  Subsidiaries in an aggregate principal amount exceeding $150.0 million.  For purposes of determining  Material Indebtedness, the “obligations” of the U.S. Borrower or any Restricted Subsidiary in respect of  any Hedge Agreement at any time shall be the maximum aggregate amount (giving effect to any netting  agreements) that the U.S. Borrower or such Restricted Subsidiary would be required to pay if such Hedge  Agreement were terminated at such time.               “Maximum Incremental Amount” means, at any time, the sum of (a) $1,400.0 million  minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New      

 

    Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or  incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the  time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing  Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other  than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit  facility) and other than Revolving Commitments replaced with New Revolving Commitments) following  the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant  to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable  prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount)  plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including  the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating  any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted  Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or  not actually secured (but without giving effect to any substantially simultaneous incurrence of any New  Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made  pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed  3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause  (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).               “Maximum Liability” has the meaning assigned to such term in Section 10.09.               “Minimum Currency Threshold” means (i) in the case of Base Rate Loans, $2.0 million  or an integral multiple of $1.0 million in excess thereof, (ii) in the case of Eurocurrency Rate Loans  denominated in Dollars, $5.0 million or an integral multiple of $1.0 million in excess thereof, (iii) in the  case of Loans denominated in Euro, €2.0 million or an integral multiple of €1.0 million in excess thereof,  (iv) in the case of Loans denominated in Sterling, £1.0 million or an integral multiple of £500,000 in  excess thereof, (v) in the case of Loans denominated in Canadian Dollars, C$1.0 million or an integral  multiple of C$1.0 million in excess thereof and (vi) in the case of Loans denominated in Yen, ¥100.0  million or an integral multiple of ¥100.0 million in excess thereof.               “Moody’s” means Moody’s Investors Service, Inc. and any successor to its rating agency  business.               “Mortgaged Properties” means, initially, the owned real properties of the Loan Parties  specified on Schedule 1.01(b), and shall include each other parcel of real property and improvements  thereto with respect to which a Mortgage is granted pursuant to Section 5.11.               “Mortgages” means any mortgage, deed of trust or other agreement which conveys or  evidences a Lien in favor of the Agent, for the benefit of the Agent and the other Secured Parties, on fee- owned real property of a Loan Party, including any amendment, modification or supplement thereto.               “Multiemployer Plan” means a multiemployer plan as defined in Section 3(37) or  4001(a)(3) of ERISA.               “Net Cash Proceeds” means, with respect to any Prepayment Event, (a) the gross cash  proceeds (including payments from time to time in respect of installment obligations, if applicable) as and  when actually received by or freely transferable for the account of the U.S. Borrower or any of the  Restricted Subsidiaries in respect of such Prepayment Event, less (b) the sum of:               (i)   the amount, if any, of all taxes paid or estimated to be payable by the U.S.        Borrower or any of the Restricted Subsidiaries in connection with such Prepayment Event,      

 

                (ii)  the amount of any reasonable reserve established in accordance with GAAP in        respect of (A) the sale price of the assets that are the subject of an Asset Sale Prepayment Event        (including in respect of working capital adjustments or an evaluation of such assets) or (B) any        liabilities (other than any taxes deducted pursuant to clause (i) above) (x) associated with the        assets that are the subject of such Prepayment Event and (y) retained by the U.S. Borrower or any        of the Restricted Subsidiaries, including pension and other post-employment benefit liabilities        and liabilities related to environmental matters or against any indemnification obligations        associated with such transaction; provided that the amount of any subsequent reduction of such        reserve (other than in connection with a payment in respect of any purchase price adjustments or        such liability) shall be deemed to be Net Cash Proceeds of such a Prepayment Event occurring on        the date of such reduction,              (iii)  the principal amount, premium or penalty, if any, interest and other amounts        payable on or in respect of any Indebtedness secured by a Lien on the assets that are the subject        of such Prepayment Event (other than Indebtedness under this Agreement and Indebtedness        secured on a pari passu basis with or junior priority basis to the Obligations) to the extent that        such Indebtedness is, or under the instrument creating or evidencing such Indebtedness, is        required to be repaid upon consummation of such Prepayment Event,              (iv)   in the case of any Asset Sale Prepayment Event or Casualty Event, the amount of        any proceeds of such Prepayment Event that the U.S. Borrower or any Restricted Subsidiary has        reinvested (or intends to reinvest within the Reinvestment Period) in the business of the U.S.        Borrower or any of the Restricted Subsidiaries; provided that any portion of such proceeds that        has not been so reinvested within such Reinvestment Period (with respect to such Prepayment        Event, the “Deferred Net Cash Proceeds”) shall (x) be deemed to be Net Cash Proceeds of an        Asset Sale Prepayment Event or Casualty Event occurring on the last day of such Reinvestment        Period, and (y) be applied to the repayment of Term Loans in accordance with Section 2.09(b)        and               (v)   the reasonable out-of-pocket fees and expenses actually incurred in connection        with such Prepayment Event.               “Net Income” means, with respect to any Person, the net income (loss) of such Person,  determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends.               “Neubauer Stockholders” means Joseph Neubauer and his Controlled Investment  Affiliates.               “New Commitments” has the meaning assigned thereto in Section 2.19(a).               “New Lender” means each Lender providing a New Commitment.               “New Revolving Commitments” has the meaning assigned thereto in Section 2.19(a).               “New Revolving Facility” has the meaning assigned thereto in Section 2.19(a).               “New Revolving Lender” has the meaning assigned thereto in Section 2.19(b).               “New Revolving Loan” has the meaning assigned thereto in Section 2.19(b).                     

 

                “New Senior Dollar Notes” means $600 million aggregate principal amount of senior  notes due 2025 of the U.S. Borrower issued on March 22, 2017.               “New Senior Euro Notes” means €325 million aggregate principal amount of senior notes  due 2025 of Aramark International Finance S.à r.l. issued on March 27, 2017.               “New Senior Notes” means, collectively, the New Senior Dollar Notes and the New  Senior Euro Notes.               “New Senior Note Documents” means the New Senior Dollar Notes Indenture, the New  Senior Euro Notes Indenture and all other instruments, agreements and other documents evidencing the  New Senior Notes or providing for any guarantee or other right in respect thereof.               “New Senior Dollar Notes Indenture” means the Indenture dated as of March 22, 2017,  among the U.S. Borrower, as issuer, certain of its subsidiaries, as guarantors, and The Bank of New York,  as trustee, pursuant to which the New Senior Dollar Notes are issued.               “New Senior Euro Notes Indenture” means the Indenture dated as of March 27, 2016,  among Aramark International Finance S.à r.l., as issuer, certain of its subsidiaries, as guarantors, and The  Bank of New York, as trustee, pursuant to which the New Senior Euro Notes are issued.               “New Term A Loans” means New Term Loans that are designated in the applicable  supplement pursuant to Section 2.19 as “New Term A Loans,” which designation shall only be permitted  to the extent the Agent (acting reasonably) determines in consultation with the U.S. Borrower that such  New Term Loans are being syndicated primarily to Persons regulated as banks in the primary syndication  thereof (it being understood that the New Term Loans established pursuant to Incremental Amendment  No. 1 and Incremental Amendment No. 3 are hereby designated as “New Term A Loans”).               “New Term Commitments” has the meaning assigned thereto in Section 2.19(a).               “New Term Loan” has the meaning assigned thereto in Section 2.19(c).               “New Term Loan Lender” has the meaning assigned thereto in Section 2.19(c).               “Non-Consenting Lender” has the meaning assigned to such term in Section 9.02(e).               “Non-Funding Lender” has the meaning provided in Section 2.02(e).               “Non-Paying Guarantor” has the meaning assigned to such term in Section 10.10.               “Non-U.S. Lender” means a Lender that is not a “United States person” within the  meaning of Section 7701(a)(30) of the Code.               “NYFRB” means the Federal Reserve Bank of New York.               “NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate in  effect on such day and (b) the Overnight Bank Funding Rate in effect on such day (or for any day that is  not a Business Day, for the immediately preceding Business Day); provided that if none of such rates is  published for any day that is a Business Day, the term “NYFRB Rate” means the rate for a federal funds  transaction quoted at 11:00 a.m. on such day received by the Agent from a Federal funds broker of      

 

    recognized standing selected by it; provided, further, that if any of the aforesaid rates shall be less than  zero, such rate shall be deemed to be zero for purposes of this Agreement.               “Obligated Party” has the meaning assigned to such term in Section 10.02.               “Obligations” means the Domestic Obligations and the Foreign Obligations.               “Officer” means the Chairman of the Board, the Chief Executive Officer, the President,  the Chief Financial Officer, the Treasurer, any Executive Vice President, Senior Vice President or Vice  President or the Secretary of the U.S. Borrower.               “Officers’ Certificate” means a certificate signed on behalf of the U.S. Borrower by an  Officer of the U.S. Borrower.               “Other Information” has the meaning assigned to such term in Section 3.13(b).               “Other Taxes” means any and all present or future stamp, registration, court or  documentary, intangible, recording, filing or similar Taxes arising from any payment made or required to  be made under, from the execution, delivery performance, enforcement or registration of, from the receipt  or perfection of a security interest under, or otherwise with respect to, this Agreement or any other Loan  Document, except any such Taxes described in clauses (a) or (b) of the definition of Excluded Taxes  which are imposed with respect to an assignment (other than an assignment made pursuant to Section  2.17(b)).               “Overnight Bank Funding Rate” means, for any day, the rate comprised of both overnight  federal funds and overnight eurodollar borrowings by U.S.-managed banking offices of depository  institutions, as such composite rate shall be determined by the NYFRB as set forth on its public website  from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight  bank funding rate (from and after such date as the NYFRB shall commence to publish such composite  rate).               “Participant” has the meaning assigned to such term in Section 9.04(c).               “Participant Register” has the meaning assigned to such term in Section 9.04(c).               “Paying Guarantor” has the meaning assigned to such term in Section 10.10.               “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in  ERISA and any successor entity performing similar functions.               “Perfection Certificate” means a certificate in the form of Exhibit B to the Security  Agreement or any other form approved by the Agent.               “Permitted Alternative Incremental Facilities Debt” has the meaning assigned to such  term in Section 6.01(b)(xxvii).               “Permitted Business” means any business conducted by the U.S. Borrower or any of its  Restricted Subsidiaries that is not in contravention of Section 6.11.               “Permitted Holders” means each of the Neubauer Stockholders and Management  Stockholders and any group (as such term is used in the definition of “Change of Control”) of which any      

 

    of the foregoing are members; provided that, in the case of such group and without giving effect to the  existence of such group or any other group, the Neubauer Stockholders and Management Stockholders,  collectively, have beneficial ownership of more than 50% of the total voting power of the Voting Stock of  the U.S. Borrower or any of its direct or indirect parent companies.               “Permitted Investments” means:               (a)   any Investment by the U.S. Borrower or any Restricted Subsidiary in the U.S.        Borrower or any Restricted Subsidiary;               (b)   any Investment in cash and Cash Equivalents or Investment Grade Securities;               (c)   (i) any Investment by the U.S. Borrower or any Restricted Subsidiary in any        Person (or in exchange for the Equity Interests of such Person) if as a result of such Investment        (A) such Person becomes a Restricted Subsidiary or (B) such Person, in one transaction or a        series of related transactions, is merged, consolidated or amalgamated with or into, or transfers or        conveys substantially all of its assets to, or is liquidated into, the U.S. Borrower or a Restricted        Subsidiary; (ii) any Investment held by such Person and not acquired by such Person in        contemplation of such acquisition, merger, consolidation or transfer; and (iii) any Investment by        the U.S. Borrower or any Restricted Subsidiary in exchange for all or any portion of a business if,        as a result of such Investment, the assets acquired thereby become owned by the U.S. Borrower        or any Restricted Subsidiary;                (d)   any Investment in securities or other assets not constituting cash, Cash        Equivalents or Investment Grade Securities and received in connection with a Disposition made        pursuant to Section 6.06;               (e)   any Investment existing on the Closing Date or made pursuant to legally binding        written commitments in existence on the Closing Date; provided that to the extent such        Investment was made, or such legally binding written commitment was entered into, after        December 30, 2016, such Investment shall be set forth on Schedule 6.07;               (f)   loans and advances to, and guarantees of Indebtedness of, employees not in        excess of $15.0 million outstanding at any one time, in the aggregate;               (g)   any Investment acquired by the U.S. Borrower or any Restricted Subsidiary (i) in        exchange for any other Investment or accounts receivable held by the U.S. Borrower or any such        Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization        or recapitalization of the Person in which such other Investment is made or which is the obligor        with respect to such accounts receivable, (ii) in satisfaction of judgments against other Persons or        (iii) as a result of a foreclosure by the U.S. Borrower or any Restricted Subsidiary with respect to        any secured Investment or other transfer of title with respect to any Investment in default;               (h)   Hedging Obligations permitted under Section 6.01(b)(xii);               (i)   loans and advances to officers, directors and employees (i) for business-related        travel expenses, moving expenses and other similar expenses, in each case incurred in the        ordinary course of business or consistent with past practice or (ii) to fund such Person’s purchase        of Equity Interests of the U.S. Borrower or any direct or indirect parent company thereof under        compensation plans approved by the Board of Directors of the U.S. Borrower or the        compensation committee thereof in good faith; provided that to the extent that the net proceeds of      

 

                              any such purchase is made to any direct or indirect parent of the U.S. Borrower, such net  proceeds are contributed to the U.S. Borrower;         (j)   Investments the payment for which consists of Equity Interests of Holdings or  any of its direct or indirect parent companies;         (k)   (i) performance guarantees in the ordinary course of business, (ii) guarantees  expressly permitted under Section 6.01(b)(xiv) and (iii) guarantees of obligations of the U.S.  Borrower or any Restricted Subsidiary to any employee benefit plan of the U.S. Borrower and its  Restricted Subsidiaries and any Person acting in its capacity as trustee, agent or other fiduciary of  any such plan;         (l)   Investments consisting of purchases and acquisitions of inventory, supplies,  material or equipment or the licensing or contribution of intellectual property pursuant to joint  marketing arrangements with other Persons in the ordinary course of business;         (m)   Investments consisting of purchases and acquisitions of assets or services in the  ordinary course of business;         (n)   Investments made in the ordinary course of business in connection with  obtaining, maintaining or renewing client contracts;         (o)   Investments in, and solely to the extent contemplated by the organizational  documents (as in existence on the Closing Date) of, joint ventures to which the U.S. Borrower or  its Restricted Subsidiaries are a party on the Closing Date and disclosed on Schedule 6.07;          (p)   customary Investments relating to a Receivables Facility;         (q)   Investments out of the Applicable Amount; provided that no Investment in any  Unrestricted Subsidiary shall be permitted pursuant to this clause (q) unless at the time of the  making of such Investment, the U.S. Borrower would have been permitted to make a Restricted  Payment in the amount of such Investment in reliance on Section 6.04(i);         (r)   Investments out of Excluded Contributions;         (s)   any transaction to the extent it constitutes an Investment that is permitted under  Section 6.04 or is made in accordance with the provisions of Section 6.05(b) (other than any  transaction set forth in clauses (i), (v) and (xiv) of Section 6.05(b);         (t)   additional Investments having an aggregate fair market value, taken together with  all other Investments made pursuant to this clause (t) that are at that time outstanding, not to  exceed an amount equal to the greater of (x) $700.0 million and (y) 6.75% of Total Assets (with  the fair market value of each Investment being measured at the time made and without giving  effect to subsequent changes in value but net of any actual return on capital in respect of such  Investment); and         (u)   Investments in an amount (when taken together with all Restricted Payments  made in reliance on Section 6.04(xii) and net of any actual return on capital in respect of such  Investment) not to exceed the greater of (x) $200.0 million and (y) 15.0% of EBITDA for the  most recently ended Test Period as of such time any such Investment is made (with the fair                                

 

                              market value of each Investment being measured at the time made and without giving effect to  subsequent changes in value but net of any actual return on capital in respect of such Investment).         “Permitted Liens” means, with respect to any Person:         (a)   (i) Liens on accounts, payment intangibles and related assets to secure any  Receivables Facility and (ii) Liens arising under the Loan Documents;         (b)   pledges or deposits by such Person under workmen’s compensation laws,  unemployment insurance laws or similar legislation, or good faith deposits to secure bids, tenders,  contracts (other than for the payment of Indebtedness) or leases to which such Person is a party,  or deposits to secure public or statutory obligations of such Person or deposits of cash or U.S.  government bonds to secure surety or appeal bonds to which such Person is a party, or deposits as  security for contested taxes or import duties or for the payment of rent, in each case incurred in  the ordinary course of business;         (c)   Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ Liens  and other similar Liens, in each case, for sums not yet overdue for a period of more than thirty  (30) days or being contested in good faith by appropriate proceedings or other Liens arising out of  judgments or awards against such Person with respect to which such Person shall then be  proceeding with an appeal or other proceedings for review, if adequate reserves with respect  thereto are maintained on the books of such Person in accordance with GAAP;         (d)   Liens for taxes, assessments or other governmental charges or claims not yet  payable or overdue for a period of more than thirty (30) days or which are being contested in  good faith by appropriate proceedings diligently conducted, if adequate reserves with respect  thereto are maintained on the books of such Person in accordance with GAAP;         (e)   Liens in favor of issuers of performance and surety bonds or bid bonds or with  respect to other regulatory requirements or letters of credit issued pursuant to the request of and  for the account of such Person in the ordinary course of its business;         (f)   minor survey exceptions, minor encumbrances, easements or reservations of, or  rights of others for, licenses, rights-of-way, sewers, electric lines, telegraph and telephone lines  and other similar purposes, or zoning or other restrictions as to the use of real properties or Liens  incidental to the conduct of the business of such Person or to the ownership of its properties, in  each case, which were not incurred in connection with Indebtedness and which do not in the  aggregate materially adversely affect the value of said properties or materially impair their use in  the operation of the business of such Person;         (g)   Liens existing on the Closing Date; provided that any Lien securing Funded Debt  in excess of (x) $75.0 million individually or (y) $100.0 million in the aggregate (when taken  together with all other Liens securing obligations outstanding in reliance on this clause (g) that  are not listed on Schedule 6.02) shall not be permitted pursuant to this clause (g) except to the  extent such Lien is listed on Schedule 6.02;         (h)   Liens on property of a Person at the time such Person becomes a Restricted  Subsidiary; provided that such Liens are not created or incurred in connection with, or in  contemplation of, such other Person becoming such a Restricted Subsidiary; provided, further,  that such Liens may not extend to any other property owned by the U.S. Borrower or any  Restricted Subsidiary;                                

 

                                    (i)   Liens on property at the time the U.S. Borrower or a Restricted Subsidiary  acquired the property, including any acquisition by means of a merger or consolidation with or  into the U.S. Borrower or any Restricted Subsidiary; provided that such Liens are not created or  incurred in connection with, or in contemplation of, such acquisition; provided, further, that the  Liens may not extend to any other property owned by the U.S. Borrower or any Restricted  Subsidiary;         (j)   Liens securing Indebtedness or other obligations of the U.S. Borrower or a  Restricted Subsidiary owing to the U.S. Borrower or another Restricted Subsidiary permitted to  be incurred in accordance with clause (ix) or (x) of Section 6.01(b);         (k)   Liens on specific items of inventory or other goods and proceeds of any Person  securing such Person’s obligations in respect of bankers’ acceptances issued or created for the  account of such Person to facilitate the purchase, shipment or storage of such inventory or other  goods;         (l)   leases, subleases, licenses and sublicenses granted to others in the ordinary  course of business which do not materially interfere with the ordinary conduct of the business of  the U.S. Borrower or any of the Restricted Subsidiaries and do not secure any Indebtedness;         (m)   Liens arising from financing statement filings under the UCC or similar state or  provincial laws regarding operating leases entered into by the U.S. Borrower and its Restricted  Subsidiaries in the ordinary course of business;         (n)   Liens in favor of the U.S. Borrower or any Subsidiary Guarantor;         (o)   Liens on inventory or equipment of the U.S. Borrower or any Restricted  Subsidiary granted in the ordinary course of business to the U.S. Borrower’s or such Restricted  Subsidiary’s client at which such inventory or equipment is located;         (p)   Liens to secure any refinancing, refunding, extension, renewal or replacement (or  successive refinancing, refunding, extensions, renewals or replacements) as a whole, or in part, of  any Indebtedness secured by any Lien referred to in clauses (g), (h), (i) and (q) of this definition;  provided that (x) such new Lien shall be limited to all or part of the same property that secured  the original Lien (plus improvements on such property), and (y) the Indebtedness secured by such  Lien at such time is not increased to any amount greater than the sum of (A) the outstanding  principal amount or, if greater, committed amount of the Indebtedness described under clauses  (g), (h), (i) and (q) of this definition at the time the original Lien became a Permitted Lien  pursuant to this Agreement, and (B) an amount necessary to pay any fees and expenses, including  premiums, related to such refinancing, refunding, extension, renewal or replacement;         (q)   Liens securing Indebtedness permitted to be incurred pursuant to Section  6.01(b)(vi), (b)(xix), (b)(xxi) and (b)(xxii); provided that (A) Liens securing Indebtedness  permitted to be incurred pursuant to Section 6.01(b)(vi) do not at any time encumber any property  other than the property financed by such Indebtedness and the proceeds and the products thereof,  (B) Liens securing Indebtedness permitted to be incurred pursuant to Section 6.01(b)(xix) extend  only to the assets of Foreign Subsidiaries, (C) Liens securing Indebtedness permitted to be  incurred pursuant to Section 6.01(b)(xxi) only extend to the property Disposed of in the  applicable Sale and Lease-Back Transaction and (D) Liens securing Indebtedness permitted to be  incurred pursuant to Section 6.01(b)(xxii) are solely on acquired property or the assets (including  any acquired Equity Interests) of the Acquired Entity or Business, as the case may be;                                

 

                                    (r)   deposits in the ordinary course of business to secure liability to insurance  carriers;         (s)   Liens securing judgments for the payment of money not constituting an Event of  Default under clause (h) of Section 7.01, so long as such Liens are adequately bonded and any  appropriate legal proceedings that may have been duly initiated for the review of such judgment  and have not been finally terminated or the period within which such proceedings may be  initiated has not expired;         (t)   Liens in favor of customs and revenue authorities arising as a matter of law to  secure payment of customs duties in connection with the importation of goods in the ordinary  course of business;         (u)   Liens (i) of a collection bank arising under Section 4-210 of the UCC on items in  the course of collection, (ii) attaching to commodity trading accounts or other commodity  brokerage accounts incurred in the ordinary course of business and (iii) in favor of banking  institutions arising as a matter of law encumbering deposits (including the right of setoff) and  which are within the general parameters customary in the banking industry;         (v)   Liens that are contractual rights of setoff (i) relating to the establishment of  depository relations with banks not given in connection with the issuance of Indebtedness, (ii)  relating to pooled deposit or sweep accounts of the U.S. Borrower or any of its Restricted  Subsidiaries to permit satisfaction of overdraft or similar obligations incurred in the ordinary  course of business of the U.S. Borrower and its Restricted Subsidiaries or (iii) relating to  purchase orders and other agreements entered into with customers of the U.S. Borrower or any of  its Restricted Subsidiaries in the ordinary course of business;         (w)   Liens encumbering reasonable customary initial deposits and margin deposits  and similar Liens attaching to commodity trading accounts or other brokerage accounts incurred  in the ordinary course of business and not for speculative purposes;         (x)   Liens deemed to exist in connection with Investments in repurchase agreements  permitted under Section 6.01; provided that such Liens do not extend to any assets other than  those assets that are the subject of such repurchase agreement;         (y)   Liens on the assets of any Foreign Subsidiary securing Indebtedness permitted to  be incurred pursuant to Section 6.01(b);         (z)   other Liens securing obligations in an aggregate amount not to exceed the greater  of (x) $250.0 million and (y) 17.5% of EBITDA for the most recently ended Test Period as of  such time any such Lien is incurred;          (aa)  Liens on the assets of Foreign Subsidiaries securing Hedging Obligations entered  into by such Foreign Subsidiaries that are permitted by Section 6.01(b)(xii) and that do not  constitute Secured Obligations;          (bb)  Liens on the Collateral (or any portion thereof) securing Indebtedness issued  pursuant to Section 6.01(b)(xxv) and Section 6.01(b)(xxvii), so long as at the time of the  incurrence of such Indebtedness the holders of such Indebtedness (or a representative thereof on  behalf of such holders) shall have entered into a First Lien Intercreditor Agreement or Junior Lien                                

 

          Intercreditor Agreement with the Agent agreeing that such Liens are subject to the terms thereof;        and               (cc)  Liens on the assets of a Designated Business which Liens do not attach to the        assets of the U.S. Borrower or any of its Restricted Subsidiaries other than those of any Restricted        Subsidiary included in such Designated Business and which Secured Indebtedness is permitted by        Section 6.01(b)(xxvi).               “Permitted Refinancing Notes” means senior secured notes, senior unsecured or senior  subordinated debt securities of the U.S. Borrower(or of a Subsidiary Guarantor which are guaranteed by  the U.S. Borrower) incurred after the Closing Date (a) the terms of which do not provide for any  scheduled principal repayment, mandatory redemption or sinking fund obligations prior to the Latest  Maturity Date on the date such debt securities are issued (other than customary offers to repurchase upon  a change of control, asset sale or event of loss and customary acceleration rights after an event of default),  (b) the covenants, events of default, guarantees, collateral and other terms of which (other than interest  rate, call protection and redemption premiums), taken as a whole, are not more restrictive to the U.S.  Borrower and the Subsidiaries than those set forth in this Agreement; provided that a certificate of a  Financial Officer of the U.S. Borrower delivered to the Agent in good faith at least three Business Days  (or such shorter period as the Agent may reasonably agree) prior to the incurrence of such Indebtedness,  together with a reasonably detailed description of the material terms and conditions of such Indebtedness  or drafts of the documentation relating thereto, stating that the U.S. Borrower has determined in good  faith that such terms and conditions satisfy the foregoing requirement shall be conclusive evidence that  such terms and conditions satisfy the foregoing requirement, (c) of which no Subsidiary of the U.S.  Borrower is an issuer or guarantor other than any Loan Party and (d) which are not secured by any Liens  on any assets of the U.S. Borrower or any of its Subsidiaries other than assets of the Loan Parties that  constitute Collateral.               “Person” means any individual, corporation, limited liability company, partnership, joint  venture, association, joint stock company, trust, unincorporated organization, company, government or  any agency or political subdivision thereof or any other entity.               “Plan” means any employee pension benefit plan (other than a Multiemployer Plan)  subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and  in respect of which the U.S. Borrower or any ERISA Affiliate is (or, if such plan were terminated, would  under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.               “Platform” means Debt Domain, Intralinks, Syndtrak or a substantially similar electronic  transmission system.               “Preferred Stock” means any Equity Interest with preferential rights of payment of  dividends or upon liquidation, dissolution, or winding-up.               “Prepayment Event” means any Asset Sale Prepayment Event, Debt Incurrence  Prepayment Event or Casualty Event.               “Prime Rate” means the rate of interest per annum publicly announced from time to time  by JPMorgan Chase Bank, N.A. as its prime rate in effect at its office located at 270 Park Avenue, New  York, New York; each change in the Prime Rate shall be effective from and including the date such  change is publicly announced as being effective.       

 

                “Projections” means the projections of the U.S. Borrower and the Restricted Subsidiaries  included in the Information Memorandum and any other projections and any forward-looking statements  of such entities furnished to the Lenders or the Agent by or on behalf of Holdings, the U.S. Borrower or  any of the Subsidiaries prior to the Closing Date.               “Public-Sider” means a Lender whose representatives may trade in securities of the U.S.  Borrower or its controlling person or any of its Subsidiaries while in possession of the financial  statements provided by the U.S. Borrower under the terms of this Agreement.               “Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Loan  Guarantor that has total assets exceeding $10,000,000 at the time the relevant guarantee under this  Agreement or grant of the relevant security interest becomes effective with respect to such Swap  Obligation or that otherwise constitutes an “eligible contract participant” under the Commodity Exchange  Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible  contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the  Commodity Exchange Act.               “Qualified Proceeds” means assets that are used or useful in a Permitted Business;  provided that the fair market value of any such assets shall be determined by the U.S. Borrower in good  faith.               “Qualifying Lender” means an Irish Qualifying Lender or a U.K. Qualifying Lender.               “Quotation Day” means, with respect to any Eurocurrency Rate Borrowing for any  Eurocurrency Interest Period, (i) if the currency is Sterling, the first day of such Interest Period, (ii) if the  currency is Euro, two TARGET Days before the first day of such Interest Period, (iii) for any other  currency, two Business Days prior to the commencement of such Interest Period (unless, in each case,  market practice differs in the relevant market where the Eurocurrency Rate for such currency (other than  Dollars) is to be determined, in which case the Quotation Day will be determined by the Agent in  accordance with market practice in such market (and if quotations would normally be given on more than  one day, then the Quotation Day will be the last of those days)).               “Ratable Portion” means, (i) subject to Section 2.20, with respect to any Revolving  Lender under any Revolving Facility, the percentage obtained by dividing the amount of Revolving  Commitments of such Revolving Lender under such Revolving Facility by the aggregate amount of  Revolving Commitments of all Revolving Lenders under such Revolving Facility (or if the Revolving  Commitments under such Revolving Facility have been terminated, the percentage obtained by dividing  the Revolving Loans outstanding of such Revolving Lender under such Revolving Facility by the  Revolving Loans outstanding of all Revolving Lenders under such Revolving Facility) and (ii) with  respect to any Term Loan Lender under any Term Loan Facility, the percentage obtained by dividing the  amount of Term Loans held by such Term Loan Lender under such Term Loan Facility by the aggregate  amount of Term Loans of all Term Loan Lenders under such Term Loan Facility.               “Receivables Facility” means the receivables facility established for ARAMARK  Receivables, LLC pursuant to the Amended and Restated Receivables Purchase Agreement, dated as of  January 26, 2007, among ARAMARK Receivables, LLC and the other parties thereto and one or more  additional receivables financing facilities, in each case, as amended, supplemented, modified, extended,  increased, renewed, restated, refunded, replaced or refinanced from time to time, the Indebtedness of  which is non-recourse (except for Standard Receivables Facility Undertakings) to the U.S. Borrower and  its Restricted Subsidiaries, other than any Receivables Subsidiary, pursuant to which the U.S. Borrower  or any of its Restricted Subsidiaries sells its accounts, payment intangibles and related assets to either (a)      

 

    a Person that is not a Restricted Subsidiary or (b) a Receivables Subsidiary that in turn sells its accounts,  payment intangibles and related assets to a Person that is not a Restricted Subsidiary.               “Receivables Facility Repurchase Obligation” means any obligation of the U.S. Borrower  or a Restricted Subsidiary that is a seller of assets in a Receivables Facility to repurchase the assets it sold  thereunder as a result of a breach of a representation, warranty or covenant or otherwise, including as a  result of a receivable or portion thereof becoming subject to any asserted defense, dispute, offset or  counterclaim of any kind as a result of any action taken by, any failure to take action by or any other  event relating to the seller.               “Receivables Fees” means distributions or payments made directly or by means of  discounts with respect to any participation interest issued or sold in connection with, and other fees paid  to a Person that is not a Restricted Subsidiary in connection with, any Receivables Facility.               “Receivables Subsidiary” means any Subsidiary formed solely for the purpose of  engaging, and that engages only, in one or more Receivables Facilities.               “Reference Rate Replacement Amendments” means (i) the addition of the defined terms  “Benchmark Replacement,” “Benchmark Replacement Adjustment,” “Benchmark Replacement  Conforming Changes,” “Benchmark Replacement Date,” “Benchmark Transition Event,” “Benchmark  Transition Start Date,” “Benchmark Unavailability Period,” “Compounded SOFR,” “Corresponding  Tenor,” “Early Opt-in Election,” “Federal Reserve Bank of New York’s Website,” “Reference Rate  Replacement Amendments,” “Reference Rate Replacement Amendments Effective Date,” “Relevant  Governmental Body,” “SOFR,” “SOFR-Based Rate,” “Term SOFR,” “Unadjusted Benchmark  Replacement,” (ii) the addition of Section 1.12, (iii) the addition of the proviso at the end of clause (i) of  the first sentence of Section 2.14(b) and (iv) the addition of Section 2.14(f).               “Reference Rate Replacement Amendments Effective Date” means the first date upon  which the Borrowers, the Administrative Agent and each Lender shall have consented or be deemed to  have consented to the Reference Rate Replacement Amendments.               “Refinancing Indebtedness” has the meaning assigned to such term in  Section 6.01(b)(xv).               “Refinancing Term Loan” means any New Term Loan that is designated as a  “Refinancing Term Loan” in the applicable supplement creating such New Term Loan in accordance with  Section 2.19.               “Refinancing Transactions” has the meaning provided in the recitals hereto.               “Register” has the meaning assigned to such term in Section 9.04(b)(iv).               “Regulation T” means Regulation T of the Board as from time to time in effect and all  official rulings and interpretations thereunder or thereof, and any successor provision thereto.               “Regulation U” means Regulation U of the Board as from time to time in effect and all  official rulings and interpretations thereunder or thereof, and any successor provision thereto.               “Regulation X” means Regulation X of the Board as from time to time in effect and all  official rulings and interpretations thereunder or thereof, and any successor provision thereto.      

 

                “Reinvestment Period” means 15 months following the date of an Asset Sale Prepayment  Event or Casualty Event (or, if later, 180 days after the date the U.S. Borrower or a Restricted Subsidiary  has entered into a binding commitment to reinvest the proceeds of any such Asset Sale Prepayment Event  or Casualty Event prior to the expiration of such 15 months).               “Related Parties” means, with respect to any specified Person, such Person’s Affiliates  and the respective directors, officers, trustees, employees, agents and advisors of such Person and such  Person’s Affiliates.               “Relevant Borrower’s Tax Jurisdiction” means (a) in the case of a Loan made to the U.K.  Borrower, the United Kingdom and (b) in the case of a Loan made to an Irish Borrower, Ireland.                “Relevant Governmental Body” means the Federal Reserve Board and/or the NYFRB, or  a committee officially endorsed or convened by the Federal Reserve Board and/or the NYFRB or, in each  case, any successor thereto.               “Remaining Term Percentage” means, with respect to any Term Loan Facility, 100% on  the date such Term Loan Facility is established; provided that on each date (and thereafter, until the next  adjustment pursuant to this proviso) that (a) any Term Loans under such Term Loan Facility are  converted to Term Loans under any other Term Loan Facility or (b) any New Term Loans are borrowed  under such Term Loan Facility following the date of incurrence of the initial Term Loans under such  Term Loan Facility, the Remaining Term Percentage with respect to such Term Loan Facility shall be  equal to the product of (i) the Remaining Term Percentage for such Term Loan Facility in effect  immediately prior to such conversion or the borrowing of such New Term Loans on such date multiplied  by (ii) a fraction, (x) the numerator of which is the principal amount of Term Loans under such Term  Loan Facility on the specified date following the conversion of Term Loans or the borrowing of such  New Term Loans on such date occurring on such date and (y) the denominator of which is the principal  amount of Term Loans outstanding on such date under such Term Loan Facility immediately prior to such  conversion or the borrowing of such New Term Loans on such date.               “Replacement Revolving Commitments” means New Revolving Commitments that are  designated in the applicable supplement creating such New Revolving Commitments in accordance with  Section 2.19 as “Replacement Revolving Commitments”; provided that New Revolving Commitments  may only be designated as “Replacement Revolving Commitments” to the extent that after giving effect  to the establishment of such Replacement Revolving Commitments on any Increased Amount Date (and  any concurrent reduction in the amount of any other Revolving Commitments), the aggregate amount of  Revolving Commitments in effect would not exceed the amount of Revolving Commitments in effect  immediately prior to the effectiveness of such New Revolving Commitments (provided that any  additional New Revolving Commitments that do not constitute Replacement Revolving Commitments  and that are established concurrently therewith in accordance with Section 2.19 shall be disregarded for  the purposes of such calculation).               “Repricing Transaction” means, other than in connection with a transaction constituting a  Change of Control or Transformative Acquisition, (i) any prepayment or repayment of any U.S. Term B-2  Loan or, U.S. Term B-3 Loan or U.S. Term B-4 Loan, as applicable, with the proceeds of, or any  conversion of any U.S. Term B-2 Loan or, U.S. Term B-3 Loan or U.S. Term B-4 Loan, as applicable,  into, any new or replacement Indebtedness denominated in the same currency and constituting term loans  with an Effective Yield less than the Effective Yield applicable to the U.S. Term B-2 Loans or, the U.S.  Term B-3 Loans or the U.S. Term B-4 Loans, respectively and (ii) any amendment to this Agreement  which reduces the Effective Yield applicable to any U.S. Term B-2 Loan or, U.S. Term B-3 Loan or U.S.  Term B-4 Loan, as applicable, and, in the case of each of clauses (i) and (ii), which was for the primary      

 

    purpose of reducing the Effective Yield on the U.S. Term B-2 Loans or, U.S. Term B-3 Loans or U.S.  Term B-4 Loans, as applicable.               “Required Class Lenders” means (i) with respect to any Term Loan Facility, Lenders  holding more than 50% of the Term Commitments and Term Loans under such Term Loan Facility, (ii)  with respect to any Revolving Facility, Lenders holding more than 50% of the Revolving Commitments  under such Revolving Facility or, if the Revolving Credit Termination Date has occurred with respect to  such Revolving Facility, more than 50% of the Revolving Outstandings under such Revolving Facility  and (iii) with respect to the Revolving Facilities, the Required Revolving Lenders.  The Term Loans,  Revolving Commitments and Revolving Outstandings of any Defaulting Lender shall not be included in  the calculation of “Required Class Lenders.”               “Required Financial Covenant Lenders” means, collectively, Lenders having more than  50% of the sum of the Dollar Equivalent of (a) the aggregate outstanding amount of the Revolving  Commitments or, with respect to any Revolving Facility after the Revolving Credit Termination Date  with respect to such Revolving Facility, the Revolving Outstandings under such Revolving Facility plus  (b) the aggregate outstanding amount of all U.S. Term A Loans, Canadian Term A-2 Loans, Euro Term  A-1 Loans, New Term A Loans and Extended Term Loans in respect of any of the foregoing then  outstanding.  The Revolving Commitments, Revolving Outstandings and Term Loans of any Defaulting  Lender shall not be included in the calculation of “Required Financial Covenant Lenders.”               “Required Lenders” means, collectively, Lenders having more than 50% of the sum of  the Dollar Equivalent of (a) the aggregate outstanding amount of the Revolving Commitments or, with  respect to any Revolving Facility after the Revolving Credit Termination Date with respect to such  Revolving Facility, the Revolving Outstandings under such Revolving Facility) and (b) the aggregate  principal amount of all Term Loans then outstanding.  The Term Loans, Revolving Commitments and  Revolving Outstandings of any Defaulting Lender shall not be included in the calculation of “Required  Lenders.”               “Required Revolving Lenders” means, collectively, Lenders having more than 50% of  the sum of the Dollar Equivalent of the aggregate outstanding amount of the Revolving Commitments or,  with respect to any Revolving Facility after the Revolving Credit Termination Date with respect to such  Revolving Facility, the Revolving Outstandings under such Revolving Facility.  The Revolving  Commitments and Revolving Outstandings of any Defaulting Lender shall not be included in the  calculation of “Required Revolving Lenders.”               “Requirement of Law” means, as to any Person, the Certificate of Incorporation and  By-Laws or other organizational or governing documents of such Person, and any law, treaty, rule,  executive order or regulation or determination of an arbitrator or a court or other Governmental Authority,  in each case applicable to or binding upon such Person or any of its property or to which such Person or  any of its property is subject.               “Responsible Officer” of any Person means the chief executive officer, the president, any  vice president, any director, the chief operating officer or any financial officer of such Person and any  other officer or similar official thereof responsible for the administration of the obligations of such Person  in respect of this Agreement, and, as to any document delivered on the Closing Date (but subject to the  express requirements set forth in Section 4.01), shall include any secretary or assistant secretary of a Loan  Party.  Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be  conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action  on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted  on behalf of such Loan Party.      

 

                “Restricted Lender” means a Lender that is incorporated, established or resident in  Germany (Inländer within the meaning of section 2 paragraph 15 of the German Foreign Trade Law  (Außenwirtschaftsgesetz, AWG)) or that notifies the Agent to this effect.               “Restricted Payments” has the meaning assigned to such term in Section 6.04.               “Restricted Subsidiary” means, at any time, any direct or indirect Subsidiary of the U.S.  Borrower (including any Foreign Subsidiary) that is not then an Unrestricted Subsidiary; provided that  upon the occurrence of an Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such  Subsidiary shall be included in the definition of “Restricted Subsidiary.”               “Revolving Available Credit” means, at any time under any Revolving Facility, (a) the  then effective aggregate Revolving Commitments under such Revolving Facility minus (b) the aggregate  Revolving Outstandings at such time under such Revolving Facility.                “Revolving Commitments” means the Initial Revolving Commitments, the 2018 Tranche  Revolving Commitments and any New Revolving Commitments.               “Revolving Credit Borrowing” means any Borrowing under any Revolving Facility.               “Revolving Credit Note” means a promissory note of the Borrowers under a Revolving  Facility substantially in the form of Exhibit F-1.               “Revolving Credit Termination Date” means, with respect to any Revolving Facility, the  earliest of (a) the Scheduled Termination Date for such Revolving Facility, (b) the date of termination of  all of the Revolving Commitments under such Revolving Facility pursuant to Section 2.05 the date on  which the Loans under such Revolving Facility become due and payable pursuant to Section 7.02(a) or  the Revolving Commitments under such Revolving Facility are terminated.               “Revolving Facilities” means collectively the Initial Revolving Facility, the 2018  Tranche Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such  facility individually.               “Revolving Lender” means a Lender with a Revolving Commitment or Revolving  Outstandings, in its capacity as such.               “Revolving Loan” means an Initial Revolving Loan, the 2018 Revolving Loans or a New  Revolving Loan.                “Revolving Outstandings” means, at any particular time under any Revolving Facility,  the sum of (a) the Dollar Equivalent of the principal amount of the Revolving Loans outstanding at such  time under such Revolving Facility and (b) the LC Exposure at such time under such Revolving Facility.   When used with respect to (i) any Borrower, the Revolving Outstandings shall constitute the portion of  the Revolving Outstandings made to or on behalf of such Borrower and (ii) with respect to any Revolving  Lender, the Revolving Outstandings of such Lender under any Revolving Facility shall be the Dollar  Equivalent of its Revolving Loans and LC Exposure under such Revolving Facility.               “Revolving Sublimit” means (i) with respect to the Canadian Borrower, $150,000,000,  (ii) with respect to the U.K. Borrower, $150,000,000, (iii) with respect to each Irish Borrower,  $150,000,000, (iv) with respect to the German Borrower, $150,000,000, (v) with respect to the Lux  Borrower, $150,000,000 and (vi) with respect to any Additional Foreign Borrower that is a Borrower      

 

    under any Revolving Facility, the amount agreed by the Agent and the U.S. Borrower at the time such  Additional Foreign Borrower becomes a Borrower under such Revolving Facility.               “Sale and Lease-Back Transaction” means any arrangement with any Person providing  for the leasing by the U.S. Borrower or any Restricted Subsidiary of any real or tangible personal  property, which property has been or is to be sold or transferred by the U.S. Borrower or such Restricted  Subsidiary to such Person in contemplation of such leasing.               “S&P” means Standard & Poor’s Financial Services LLC, a division of the McGraw-Hill  Companies, Inc., and any successor to its rating agency business.                “Sanctioned Country” means, at any time, a country, region or territory which is or  whose government is the subject or target of country-wide Sanctions (as of the Closing Date, Cuba, Iran,  North Korea, Sudan, Syria and Crimea).               “Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related  list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of  the Treasury, the U.S. Department of State, or by the United Nations Security Council, Her Majesty’s  Treasury, the Office of the Superintendent of Financial Institutions or the European Union, (b) any Person  located, operating, organized or resident in a Sanctioned Country or (c) any Person that is 50% or more  owned by a Person or Persons described in (a) or (b) of this definition.               “Sanctions” means economic or financial sanctions or trade embargoes imposed,  administered or enforced from time to time by (a) the U.S. government, including those administered by  the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of  State, or (b) the United Nations Security Council, Her Majesty’s Treasury, the Office of the  Superintendent of Financial Institutions or the European Union.               “Scheduled Termination Date” means (i) with respect to the 2018 Tranche Revolving  Facility, October 1, 2023, and (ii) with respect to any New Revolving Facility, the date specified as such  in the applicable supplement pursuant to Section 2.19 establishing such New Revolving Facility.               “SEC” means the Securities and Exchange Commission, or any Governmental Authority  succeeding to any or all of its functions.               “Secured Cash Management Obligations” means all obligations owing by the U.S.  Borrower or any Restricted Subsidiary to the Agent, a Joint Lead Arranger, Co-Documentation Agent,  any Affiliate of any of the foregoing or a Person that was a Lender or an Affiliate of a Lender on the  Closing Date or at the time the Cash Management Agreement giving rise to such obligations was entered  into.               “Secured Hedging Obligations” means all Hedging Obligations owing by the U.S.  Borrower or any Restricted Subsidiary to the Agent, a Joint Lead Arranger, Co-Documentation Agent or  any Affiliate of any of the foregoing or a Person that was a Lender or an Affiliate of a Lender on the  Closing Date or at the time the Hedge Agreement giving rise to such Hedging Obligations was entered  into.                 “Secured Indebtedness” means any Indebtedness secured by a Lien.       

 

                “Secured Obligations” means all Obligations, together with all Secured Hedging  Obligations and Secured Cash Management Obligations, excluding, with respect to any Loan Party,  Excluded Swap Obligations of such Loan Party.               “Secured Parties” has the meaning assigned to such term in the Security Agreement.               “Securities Act” means the Securities Act of 1933, as amended, and the rules and  regulations of the SEC promulgated thereunder.               “Security Agreement” means that certain U.S. Pledge and Security Agreement, dated as  of the Closing Date, between the Loan Parties and the Agent, for the benefit of the Agent and the other  Secured Parties.               “Series” has the meaning assigned to such term in Section 2.19(a).               “Significant Subsidiary” means any Subsidiary (or group of Subsidiaries as to which any  condition specified in clause (f) or (g) of Section 7.01 applies) of the U.S. Borrower that would be a  “significant subsidiary” as defined in Article I, Rule 2-02 of Regulation S-X, promulgated pursuant to the  Securities Act, as such regulation is in effect on the date hereof.               “SOFR” with respect to any day means the secured overnight financing rate published for  such day by the NYFRB, as the administrator of the benchmark (or a successor administrator), on the  Federal Reserve Bank of New York’s Website.               “SOFR-Based Rate” means SOFR, Compounded SOFR or Term SOFR.               “Specified Representations” means the representations and warranties contained in  Sections 3.01(a), 3.02 (limited to the transactions contemplated by Incremental Amendment No. 2),  3.03(c) and (d) (in each case, limited to the transactions contemplated by Incremental Amendment No. 2  not conflicting with any existing indentures governing outstanding debt securities of the U.S. Borrower  and the Loan Guarantors and this Agreement), 3.08, 3.15(a), 3.18, 3.20 and 3.21(limited to the use of  proceeds of the U.S. Term B-1 Loans on the Incremental Amendment No. 2 Effective Date).                “Standard Receivables Facility Undertakings” means representations, warranties,  covenants and indemnities entered into by the U.S. Borrower or any Restricted Subsidiary of the U.S.  Borrower that the U.S. Borrower has determined in good faith to be customary in financings similar to a  Receivables Facility, including, without limitation, those relating to the servicing of the assets of a  Receivables Facility Subsidiary, it being understood that any Receivables Facility Repurchase Obligation  shall be deemed to be a Standard Receivables Facility Undertaking.               “Sterling” and the sign “£” each mean the lawful money of the United Kingdom.               “Subordinated Indebtedness” means any Material  Indebtedness of the U.S. Borrower or  any Subsidiary Guarantor (other than Indebtedness owing to the U.S. Borrower or a Restricted  Subsidiary) that by its terms is expressly subordinated to the obligations of the U.S. Borrower or such  Subsidiary Guarantor under this Agreement with respect to the Obligations.               “Subsequent Transaction” has the meaning provided in Section 1.10.               “Subsidiary” means, with respect to any Person, (a) any corporation, association, or other  business entity (other than a partnership, joint venture, limited liability company or similar entity) of      

 

    which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the  occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the  time of determination owned or controlled, directly or indirectly, by such Person or one or more of the  other subsidiaries of that Person or a combination thereof and (b) any partnership, joint venture, limited  liability company or similar entity of which (i) more than 50% of the capital accounts, distribution rights,  total equity and voting interests or general or limited partnership interests, as applicable, are owned or  controlled, directly or indirectly, by such Person or one or more of the other subsidiaries of that Person or  a combination thereof whether in the form of membership, general, special or limited partnership or  otherwise, and (ii) such Person or any subsidiary of such Person is a controlling general partner or  otherwise controls such entity.               “Subsidiary Guarantor” means each Restricted Subsidiary of the U.S. Borrower that  executes this Agreement as a Loan Guarantor on the Closing Date and each other Restricted Subsidiary of  the U.S. Borrower that thereafter becomes a Subsidiary Guarantor pursuant to a Joinder Agreement  except for any Restricted Subsidiary that has been released as a Subsidiary Guarantor in accordance with  the terms of this Agreement.               “Successor Foreign Borrower” has the meaning assigned to such term in Section  6.03(d)(i).               “Successor Holdings Guarantor” has the meaning assigned to such term in Section  6.03(c).               “Successor Person” has the meaning assigned to such term in Section 6.03(b)(i).               “Successor U.S. Borrower” has the meaning assigned to such term in Section 6.03(a)(i).               “Swap Obligation” means, with respect to any Loan Party, any obligation to pay or  perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of  section 1a(47) of the Commodity Exchange Act.               “TARGET” means Trans-European Automated Real-time Gross Settlement Express  Transfer payment system.               “TARGET Day” means any day on which TARGET is open for the settlement of  payments in Euro.               “Taxes” means all present or future taxes, levies, imposts, duties, deductions,  withholdings (including backup withholding), assessments, fees or other charges imposed by any  Governmental Authority, including any interest, penalties or additions to tax applicable thereto.               “TCA” means the Irish Taxes Consolidation Act 1997.               “Term Commitments” means each of the U.S. Term A Commitments, U.S. Term B  Commitments, U.S. Term B-1 Commitments, U.S. Term B-2 Commitments, U.S. Term B-3  Commitments, U.S. Term B-4 Commitments, Canadian Term A-2 Commitments, Euro Term A-1  Commitments, Yen Term C-1 Commitments and, if applicable, New Term Commitments with respect to  any Series.       

 

                “Term Loan” means each of the U.S. Term A Loans, U.S. Term B-2 Loans, U.S. Term B- 3 Loans, U.S. Term B-4 Loans, the Canadian Term A-2 Loans, the Euro Term A-1 Loans, the Yen Term  C-1 Loans and, if applicable, New Term Loans with respect to any Series and any Extended Term Loans.               “Term Loan Borrowing” means a Borrowing consisting of Term Loans under a particular  Term Loan Facility.               “Term Loan Facility” means, as the context requires, the U.S. Term A Loan Facility, U.S.  Term B-2 Loan Facility, U.S. Term B-3 Loan Facility, U.S. Term B-4 Loan Facility, the Canadian Term  A-2 Loan Facility, the Euro Term A-1 Loan Facility, the Yen Term C-1 Loan Facility, each other  Extension Series of Extended Term Loans and each Series of New Term Loans.               “Term Loan Lender” means each Lender that has a Term Commitment or that holds a  Term Loan.               “Term Loan Note” means a promissory note of the applicable Borrower substantially in  the form of Exhibit F-2.               “Term SOFR” means the forward-looking term rate based on SOFR that has been  selected or recommended by the Relevant Governmental Body.                “Test Period” means, at any date of determination, (i) for purposes of determining actual  compliance with Section 6.10, the most recently completed four consecutive fiscal quarters of the U.S.  Borrower ending on the date specified therein and (ii) for all other purposes, the most recently completed  four consecutive fiscal quarters of the U.S. Borrower ending on or prior to such date for which financial  statements have been (or were required to have been) delivered pursuant to Section 5.01; provided that  prior to the first date financial statements have been delivered pursuant to 5.01, the Test Period in effect  shall be the period of four consecutive fiscal quarters of the U.S. Borrower ended December 31, 2016.               “Total Assets” means the total amount of all assets of the U.S. Borrower and the  Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP as shown on the  most recent balance sheet of the U.S. Borrower.               “Transformative Acquisition” means any acquisition of an Acquired Entity or Business  by the U.S. Borrower or any Restricted Subsidiary or other similar Investment that is either (a) not  permitted hereunder immediately prior to the consummation of such transaction or (b) if permitted  hereunder immediately prior to the consummation of such transaction, this Agreement would not provide  the U.S. Borrower and its Restricted Subsidiaries with adequate flexibility for the continuation or  expansion of their combined operations following such consummation, as reasonably determined by the  U.S. Borrower acting in good faith.               “Treaty” means (a) a double taxation agreement or (b) for purposes of the Irish  Borrowers only, a double taxation agreement into which Ireland has entered which contains an article  dealing with interest or income from debt claims.               “Treaty Lender” means a Lender which:               (a)   is treated as a resident of a Treaty State for the purposes of the relevant Treaty        and which is entitled under the terms of the Treaty to claim a full exemption from Tax imposed        by Relevant Borrower’s Tax Jurisdiction on interest paid in respect of any Loan, subject only to        the completion of any procedural formalities; and      

 

                (b)   does not carry on a business in the Relevant Borrower’s Tax Jurisdiction through        a permanent establishment with which that Lender’s participation in a Loan is effectively        connected.               “Treaty State” means a jurisdiction having a Treaty with the Relevant Borrower’s Tax  Jurisdiction which makes provision for full exemption from Tax imposed by the Relevant Borrower’s Tax  Jurisdiction on interest.               “Type,” when used in reference to any Loan or Borrowing, refers to whether the rate of  interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the  Eurocurrency Rate, the Base Rate, the Canadian Base Rate or the BA Rate.               “UCC” means the Uniform Commercial Code as in effect from time to time in the state  of New York or any other state the laws of which are required to be applied in connection with the issue  of perfection of security interests.               “U.K. Borrower” has the meaning assigned to such term in the preamble to this  Agreement.               “U.K. Lending Office” means, with respect to any Lender, the office of such Lender  specified as its “U.K. Lending Office” in its Administrative Questionnaire (or, if no such office is  specified, its U.S. Lending Office) or such other office of such Lender as such Lender may from time to  time specify to the U.S. Borrower and the Agent.               “U.K. Qualifying Lender” means:               (i)   a Lender (other than a Lender within subparagraph (ii) below) which is        beneficially entitled to interest payable to that Lender in respect of an advance to the U.K.        Borrower and is:                     (A)   a Lender:                           (1)   which is a bank (as defined for the purpose of section 879 of the                    ITA 2007) making an advance to the U.K. Borrower; or                           (2)   in respect of an advance made to the U.K. Borrower by a person                    that was a bank (as defined for the purpose of section 879 of the ITA 2007) at the                    time that that advance was made,               and which is within the charge to United Kingdom corporation tax as respects any              payments of interest made in respect of the advance or, in the case of a bank making an              advance, would be within such charge as respects such payments apart from section 18A              of the CTA 2009; or                     (B)   a Lender which is:                           (1)   a company resident in the United Kingdom for United Kingdom                    tax purposes; or       

 

                            (2)   a partnership each member of which is:                                 (a)   a company resident in the United Kingdom for United                          Kingdom tax purposes; or                                 (b)   a company not so resident in the United Kingdom which                          carries on a trade in the United Kingdom through a permanent                          establishment and which brings into account in computing its chargeable                          profits (for the purposes of section 19 of the CTA 2009) the whole of any                          share of interest payable in respect of that advance that falls to it by                          reason of part 17 of the CTA 2009; or                           (3)   a company not so resident in the United Kingdom which carries                    on a trade in the United Kingdom through a permanent establishment and which                    brings into account interest payable in respect of that advance in computing the                    chargeable profits (for the purposes of section 19 of the CTA 2009) of that                    company; or                     (C)   a Treaty Lender; or               (ii)  a building society (as defined for the purpose of Section 880 of the ITA 2007).               “U.K. Tax Confirmation” means a confirmation by a Lender that the person beneficially  entitled to interest payable to that Lender in respect of an advance to the U.K. Borrower is either:               (i)   a company resident in the United Kingdom for United Kingdom Tax purposes; or               (ii)  a partnership each member of which is:                     (A)   a company so resident in the United Kingdom; or                      (B)   a company not so resident in the United Kingdom which carries on a              trade in the United Kingdom through a permanent establishment and which brings into              account in computing its chargeable profits (for the purposes of section 19 of the CTA              2009) the whole of any share of interest payable in respect of that advance that falls to it              by reason of part 17 of the CTA 2009; or              (iii)  a company not so resident in the United Kingdom which carries on a trade in the        United Kingdom through a permanent establishment and which brings into account interest        payable in respect of that advance in computing the chargeable profits (for the purposes of section        19 of the CTA 2009) of that company.               “U.K. Tax Deduction” means a deduction or withholding for, or on account of, Tax  imposed by the United Kingdom from a payment under a Loan Document.               “Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding  the Benchmark Replacement Adjustment; provided that, if the Unadjusted Benchmark Replacement as so  determined would be less than zero, the Unadjusted Benchmark Replacement will be deemed to be zero  for the purposes of this Agreement.       

 

                “Unrestricted Subsidiary” means (a) any Subsidiary of the U.S. Borrower that at the time  of determination is an Unrestricted Subsidiary (as designated by the U.S. Borrower, as provided below)  and (b) any Subsidiary of an Unrestricted Subsidiary.   So long as no Default has occurred and is continuing, the U.S. Borrower may designate any Restricted  Subsidiary of the U.S. Borrower (other than any Foreign Borrower) (including any existing Restricted  Subsidiary and any newly acquired or newly formed Subsidiary) to be an Unrestricted Subsidiary unless  such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds  any Lien on, any property of, the U.S. Borrower or any Subsidiary of the U.S. Borrower (other than any  Subsidiary of the Subsidiary to be so designated); provided that (i) any Unrestricted Subsidiary must be  an entity of which shares of the capital stock or other equity interests (including partnership interests)  entitled to cast at least a majority of the votes that may be cast by all shares or equity interests having  ordinary voting power for the election of directors or other governing body are owned, directly or  indirectly, by the U.S. Borrower, (ii) such designation complies with Section 6.07 and (iii) each of (A) the  Subsidiary to be so designated and (B) its subsidiaries has not at the time of designation, and does not  thereafter, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable with  respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of the U.S.  Borrower or any Restricted Subsidiary.               The U.S. Borrower may designate any Unrestricted Subsidiary to be a Restricted  Subsidiary; provided that, immediately after giving effect to such designation no Default shall have  occurred and be continuing and either (x) the U.S. Borrower could incur at least $1.00 of additional  Indebtedness pursuant to the Interest Coverage Ratio test described in Section 6.01(a) or (y) the Interest  Coverage Ratio for the U.S. Borrower and its Restricted Subsidiaries would be greater than such ratio for  the U.S. Borrower and its Restricted Subsidiaries immediately prior to such designation, in each case on a  pro forma basis taking into account such designation.               Any such designation by the U.S. Borrower shall be notified by the U.S. Borrower to the  Agent by promptly delivering to the Agent a copy of any applicable Board Resolution giving effect to  such designation and an Officers’ Certificate certifying that such designation complied with the foregoing  provisions.  Notwithstanding the foregoing, as of the Closing Date, all of the Subsidiaries of the U.S.  Borrower will be Restricted Subsidiaries.               “U.S. Borrower” has the meaning assigned to such term in the preamble to this  Agreement; provided that when used in the context of determining the fair market value of an asset or  liability under this Agreement, “U.S. Borrower” shall, unless otherwise expressly stated, be deemed to  mean the Board of Directors of the U.S. Borrower when the fair market value of such asset or liability is  equal to or in excess of $100.0 million.               “U.S. Borrower Guaranteed Obligations” has the meaning assigned to such term in  Section 10.01(b).               “U.S. Lending Office” means, with respect to any Lender, the office of such Lender  specified as its “U.S. Lending Office” in its Administrative Questionnaire or such other office of such  Lender as such Lender may from time to time specify to the U.S. Borrower and the Agent.               “U.S. Tax Compliance Certificate” has the meaning assigned to such term in  Section 2.15(g).               “U.S. Term A Commitment” means, with respect to each U.S. Term A Lender, the  commitment of such Lender to make U.S. Term A Loans to the U.S. Borrower in the aggregate principal      

 

    amount set forth opposite such Lender’s name on the Commitments Schedule under the caption “U.S.  Term A Commitments” as adjusted to reflect each Assignment and Assumption executed by such Lender  and as such amount may be increased or reduced pursuant to this Agreement, and “U.S. Term A  Commitments” shall mean the aggregate U.S. Term A Commitments of all U.S. Term A Lenders, which  amount, initially as of the Closing Date, shall be $650.0 million.               “U.S. Term A Lender” means each Lender that has a U.S. Term A Commitment or that is  a holder of U.S. Term A Loans.               “U.S. Term A Loan” has the meaning assigned to such term in Section 2.01(b)(i).               “U.S. Term A Loan Facility” means the provisions herein related to the U.S. Term A  Commitments and U.S. Term A Loans.               “U.S. Term A Loan Maturity Date” means March 28, 2022.               “U.S. Term B Commitment” means, with respect to each U.S. Term B Lender, the  commitment of such Lender to make U.S. Term B Loans to the U.S. Borrower in the aggregate principal  amount set forth opposite such Lender’s name on the Commitments Schedule under the caption “U.S.  Term B  Commitments” as adjusted to reflect each Assignment and Assumption executed by such Lender  and as such amount may be increased or reduced pursuant to this Agreement, and “U.S. Term B  Commitments” shall mean the aggregate U.S. Term B Commitments of all U.S. Term B Lenders, which  amount, initially as of the Closing Date, shall be $1,750.0 million.               “U.S. Term B Lender” means each Lender that has a U.S. Term B Commitment or that is  a holder of U.S. Term B Loans.               “U.S. Term B Loan” has the meaning assigned to such term in Section 2.01(b)(ii).               “U.S. Term B Loan Facility” means the provisions herein related to the U.S. Term B  Commitments and U.S. Term B Loans.               “U.S. Term B-1 Commitment” means, with respect to each U.S. Term B-1 Lender, the  commitment of such Lender to make U.S. Term B-1 Loans to the U.S. Borrower in the aggregate  principal amount set forth opposite such Lender’s name on the Schedule 1 to Incremental Amendment  No. 2 under the caption “U.S. Term B-1 Commitments” as adjusted to reflect each Assignment and  Assumption executed by such Lender and as such amount may be increased or reduced pursuant to this  Agreement, and “U.S. Term B-1 Commitments” shall mean the aggregate U.S. Term B-1 Commitments  of all U.S. Term B-1 Lenders, which amount, initially as of the Incremental Amendment No. 2 Effective  Date, shall be $1,785.0 million.               “U.S. Term B-1 Lender” means each Lender that has a U.S. Term B-1 Commitment or  that is a holder of U.S. Term B-1 Loans.               “U.S. Term B-1 Loan” has the meaning assigned to such term in Section 2.01(b)(vi).               “U.S. Term B-1 Loan Facility” means the provisions herein related to the U.S. Term B-1  Commitments and U.S. Term B-1 Loans.                “U.S. Term B-2 Commitment” means, (i) with respect to the Additional U.S. Term B-2  Lender, its Additional U.S. Term B-2 Commitment, (ii) with respect to each Converting U.S. Term B-2       

 

    Lender, its commitment to make a U.S. Term B-2 Loan on the Amendment No. 5 Effective Date in an  aggregate amount equal to its Converted U.S. Term B-2 Loan and (iii) with respect to all other U.S. Term  B-2 Lenders, its commitment to make a U.S. Term B-2 Loan in an aggregate principal amount as  reflected on each Assignment and Assumption executed by such Lender and as such amount may be  increased or reduced pursuant to this Agreement, and “U.S. Term B-2 Commitments” shall mean the  aggregate U.S. Term B-2 Commitments of all U.S. Term B-2 Lenders, which amount, initially as of the  Amendment No. 5 Effective Date, shall be $1,410,625,000.               “U.S. Term B-2 Lender” means each Lender that has a U.S. Term B-2 Commitment or  that is a holder of U.S. Term B-2 Loans, including the Additional U.S. Term B-2 Lender and each  Amendment No. 5 Consenting Lender.               “U.S. Term B-2 Loan” has the meaning assigned to such term in Section 2.01(b)(viii).               “U.S. Term B-2 Loan Facility” means the provisions herein related to the U.S. Term B-2  Commitments and U.S. Term B-2 Loans.               “U.S. Term B-2 Loan Maturity Date” means March 28, 2024.               “U.S. Term B-3 Commitment” means, (i) with respect to the Additional U.S. Term B-3  Lender, its Additional U.S. Term B-3 Commitment, (ii) with respect to each Converting U.S. Term B-3   Lender, its commitment to make a U.S. Term B-3 Loan on the Amendment No. 6 Effective Date in an  aggregate amount equal to its Converted U.S. Term B-3 Loan and (iii) with respect to all other U.S. Term  B-3 Lenders, its commitment to make a U.S. Term B-3 Loan in an aggregate principal amount as  reflected on each Assignment and Assumption executed by such Lender and as such amount may be  increased or reduced pursuant to this Agreement, and “U.S. Term B-3 Commitments” shall mean the  aggregate U.S. Term B-3 Commitments of all U.S. Term B-3 Lenders, which amount, initially as of the  Amendment No. 6 Effective Date, shall be $1,780,537,500.               “U.S. Term B-3 Lender” means each Lender that has a U.S. Term B-3 Commitment or  that is a holder of U.S. Term B-3 Loans, including the Additional U.S. Term B-3 Lender and each  Amendment No. 6 Consenting Lender.               “U.S. Term B-3 Loan” has the meaning assigned to such term in Section 2.01(b)(viii).               “U.S. Term B-3 Loan Facility” means the provisions herein related to the U.S. Term B-3  Commitments and U.S. Term B-3 Loans.               “U.S. Term B-3 Loan Maturity Date” means March 11, 2025.               “U.S. Term B-4 Commitment” means, with respect to each U.S. Term B-4 Lender, the  commitment of such Lender to make U.S. Term B-4 Loans to the U.S. Borrower in the aggregate  principal amount set forth opposite such Lender’s name on the Schedule 1 to Incremental Amendment  No. 8 under the caption “U.S. Term B-4 Commitments” as adjusted to reflect each Assignment and  Assumption executed by such Lender and as such amount may be increased or reduced pursuant to this  Agreement, and “U.S. Term B-4 Commitments” shall mean the aggregate U.S. Term B-4 Commitments  of all U.S. Term B-4 Lenders, which amount, initially as of the Incremental Amendment No. 8 Effective  Date, shall be $900.0 million.               “U.S. Term B-4 Lender” means each Lender that has a U.S. Term B-4 Commitment or  that is a holder of U.S. Term B-4 Loans.      

 

                “U.S. Term B-4 Loan” has the meaning assigned to such term in Section 2.01(b)(xiv).               “U.S. Term B-4 Loan Facility” means the provisions herein related to the U.S. Term B-4  Commitments and U.S. Term B-4 Loans.               “U.S. Term B-4 Loan Maturity Date” means January 15, 2027.               “USA PATRIOT Act” means The Uniting and Strengthening America by Providing  Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107- 56 (signed into law October 26, 2001)), as amended from time to time.               “VAT” means:               (a)   any tax imposed in compliance with the Council Directive of 28 November 2006  on the common system of value added tax (EC Directive 2006/112); and               (b)   any other tax of a similar nature, whether imposed in a member state of the  European Union in substitution for, or levied in addition to, such tax referred to in paragraph (a) above, or  imposed elsewhere.               “Voting Stock” of any Person as of any date means the Capital Stock of such Person that  is at the time entitled to vote in the election of the Board of Directors of such Person.               “Weighted Average Life to Maturity” means, when applied to any Indebtedness,  Disqualified Stock or Preferred Stock, as the case may be, at any date, the quotient obtained by dividing  (1) the sum of the products of the number of years from the date of determination to the date of each  successive scheduled principal payment of such Indebtedness or redemption or similar payment with  respect to such Disqualified Stock or Preferred Stock multiplied by the amount of such payment, by (2)  the sum of all such payments.               “Wholly-Owned Subsidiary” of any Person means a Restricted Subsidiary of such  Person, 100% of the outstanding Capital Stock or other ownership interests of which (other than  directors’ qualifying shares) shall at the time be owned by such Person or by one or more Wholly-Owned  Subsidiaries of such Person.               “Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete  or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of  Title IV of ERISA.               “Write-Down and Conversion Powers” means, with respect to any EEA Resolution  Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time  under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion  powers are described in the EU Bail-In Legislation Schedule.               “Yen” or “¥” means lawful currency of Japan.               “Yen Term C Commitment” means, with respect to each Yen Term C Lender, the  commitment of such Lender to make Yen Term C Loans to the U.S. Borrower in the aggregate principal  amount not to exceed the amount set forth opposite such Lender’s name on the Commitments Schedule  under the caption “Yen Term C Commitments,” as adjusted to reflect each Assignment and Assumption  executed by such Lender and as such amount may be increased or reduced pursuant to this Agreement,      

 

    and “Yen Term C Commitments” shall mean the aggregate Yen Term C Commitments of all Yen Term C  Lenders, which amount, initially as of the Closing Date, shall be ¥11,107 million.               “Yen Term C Lender” means each Lender that has a Yen Term C Commitment or that is  a holder of Yen Term C Loans.                “Yen Term C Loan” has the meaning provided in Section 2.01(b)(iv).               “Yen Term C Loan Facility” means the provisions herein related to the Yen Term C  Commitments and the Yen Term C Loans.               “Yen Term C Loan Maturity Date” means March 28, 2022.               “Yen Term C-1 Commitment” means, with respect to each Yen Term C-1 Lender, the  commitment of such Lender to make Yen Term C-1 Loans to the U.S. Borrower on the Amendment No. 7  Effective Date in the aggregate principal amount outstanding not to exceed the amount set forth opposite  such Lender’s name on Schedule II to Amendment No. 7 under the caption “Yen Term C-1  Commitment,” as adjusted to reflect each Assignment and Assumption executed by such Lender and as  such amount may be increased or reduced pursuant to this Agreement, and “Yen Term C-1  Commitments” shall mean the aggregate Yen Term C-1 Commitments of all Yen Term C-1  Lenders,  which amount, initially as of the Amendment No. 7 Effective Date, shall be ¥ 10,801.5575 million.               “Yen Term C-1 Lender” means each Lender that has a Yen Term C-1 Commitment or  that is a holder of Yen Term C-1 Loans.                “Yen Term C-1 Loan” has the meaning assigned to such term in Section 2.01(b)(xiii) and  shall include all Yen Term C-1 Loans funded on the Amendment No. 7 Effective Date pursuant to the  Yen Term C-1 Commitments.               “Yen Term C-1 Loan Facility” means the provisions herein related to the Yen Term C-1  Commitments and the Yen Term C-1 Loans.               “Yen Term C-1 Loan Maturity Date” means October 1, 2023.               SECTION 1.02  Classification of Loans and Borrowings.  For purposes of this  Agreement, Loans may be classified and referred to by Class (e.g., a “2018 Tranche Revolving Loan”) or  by Type (e.g., a “Eurocurrency Rate Loan”) or by Class and Type (e.g., a “Eurocurrency Rate 2018  Tranche Revolving Loan”).  Borrowings also may be classified and referred to by Class (e.g., a “2018  Tranche Revolving Borrowing”) or by Type (e.g., a “Eurocurrency Rate Borrowing”) or by Class and  Type (e.g., a “Eurocurrency Rate 2018 Tranche Revolving Borrowing”).               SECTION 1.03  Conversion of Currencies.               (a)   Dollar Equivalents.  The Agent shall determine the Dollar Equivalent of any  amount as required hereby, and a determination thereof by the Agent shall be presumed correct absent  manifest error.  The Agent may, but shall not be obligated to, rely on any determination made by any  Loan Party in any document delivered to the Agent.  The Agent shall determine or redetermine the Dollar  Equivalent of each Loan and each Letter of Credit on each Determination Date and, unless otherwise  specified herein, the Agent may determine or redetermine the Dollar Equivalent of any amount hereunder  on any other date in its reasonable discretion.  For purposes of any calculation of whether the requisite  percentage of Lenders have consented to any amendment, waiver or modification of any Loan Document,      

 

    the Agent may, in consultation with the U.S. Borrower, set a record date for determining the Dollar  Equivalent amount of any Loan or Commitment so long as such record date is within 30 days of the  effective date of such amendment, waiver or modification.               (b)   Rounding-Off.  The Agent may set up appropriate rounding off mechanisms or  otherwise round off amounts hereunder to the nearest higher or lower amount in whole Dollar or cent to  ensure amounts owing by any party hereunder or that otherwise need to be calculated or converted  hereunder are expressed in whole Dollars or in whole cents, as may be necessary or appropriate.               (c)   Negative Covenants, Etc.  The Borrowers shall not be deemed to have violated  any of the covenants set forth in Article VI (other than Section 6.10) solely as a result of currency  fluctuations following the date any action is taken if such action was permitted on the date on which it  was taken.               SECTION 1.04  Terms Generally.  The definitions of terms herein shall apply equally  to the singular and plural forms of the terms defined.  Whenever the context may require, any pronoun  shall include the corresponding masculine, feminine and neuter forms.  The words “include,” “includes”  and “including” shall be deemed to be followed by the phrase “without limitation.”  Unless otherwise  specifically indicated, the term “consolidated” with respect to any Person refers to such Person  consolidated with its Restricted Subsidiaries, and excludes from such consolidation any Unrestricted  Subsidiary as if such Unrestricted Subsidiary were not an Affiliate of such Person.  The word “will” shall  be construed to have the same meaning and effect as the word “shall.”  Unless the context requires  otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall  be construed as referring to such agreement, instrument or other document as from time to time amended,  supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or  modifications set forth herein), (b) any reference herein to any Person shall be construed to include such  Person’s successors and assigns, (c) the words “herein,” “hereof” and “hereunder,” and words of similar  import, shall be construed to refer to this Agreement in its entirety and not to any particular provision  hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall, except as otherwise  indicated, be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement  and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to  refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and  contract rights.               SECTION 1.05  Certain Calculations and Tests.  For purposes of determining the  permissibility of any action, change, transaction or event that requires a calculation of any financial ratio  or test hereunder (including any Consolidated Leverage Ratio test, any Consolidated Secured Debt Ratio  test, and/or Interest Coverage Ratio test, the amount of EBITDA and/or Total Assets), such financial ratio  or test shall be calculated (subject to Section 1.10) at the time such action is taken, such change is made,  such transaction is consummated or such event occurs, as the case may be, and no Default or Event of  Default shall be deemed to have occurred solely as a result of a change in such financial ratio or test  occurring after the time such action is taken, such change is made, such transaction is consummated or  such event occurs, as the case may be.                 SECTION 1.06  Change of Currency.  Each provision of this Agreement shall be  subject to such reasonable changes of construction as the Agent may from time to time specify with the  U.S. Borrower’s consent to appropriately reflect a change in currency of any country and any relevant  market conventions or practices relating to such change in currency.               SECTION 1.07  Funding Through Applicable Lending Offices.  Any Lender may, by  notice to the Agent and the U.S. Borrower, designate an Affiliate of such Lender as its Applicable      

 

    Lending Office with respect to any Loans to be made by such Lender to any Borrower (and, for the  avoidance of doubt, a Lender may designate different Applicable Lending Offices to make Loans to the  U.S. Borrower, on the one hand, and any Foreign Borrower, on the other hand, under the same Revolving  Facility) or make any Loan available to any Borrower by causing any foreign or domestic branch or  Affiliate of such Lender to make such Loans.  In the event that a Lender designates an Affiliate of such  Lender as its Applicable Lending Office for Loans to any Borrower under any Facility or makes any Loan  available to any Borrower by causing any foreign or domestic branch or Affiliate of such Lender to make  such Loans, then all Loans and reimbursement obligations to be funded by such Lender under such  Facility to such Borrower shall be funded by such Applicable Lending Office or foreign or domestic  branch or Affiliate, as applicable, and all payments of interest, fees, principal and other amounts payable  to such Lender under such Facility shall be payable to such Applicable Lending Office or foreign or  domestic branch or Affiliate, as applicable.  Except as provided in the immediately preceding sentence, no  designation by any Lender of an Affiliate as its Applicable Lending Office or making any Loan available  to any Borrower by causing any foreign or domestic branch or Affiliate of such Lender to make such  Loans shall alter the obligation of the applicable Borrower to pay any principal, interest, fees or other  amounts hereunder.               SECTION 1.08  Accounting Terms; GAAP.  Except as otherwise expressly provided  herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in  effect from time to time; provided that, if the U.S. Borrower notifies the Agent that the U.S. Borrower  requests an amendment to any provision hereof to eliminate the effect of any change occurring after the  date hereof in GAAP or in the application thereof on the operation of such provision (or if the Agent  notifies the U.S. Borrower that the Required Lenders request an amendment to any provision hereof for  such purpose), regardless of whether any such notice is given before or after such change in GAAP or in  the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and  applied immediately before such change shall have become effective until such notice shall have been  withdrawn or such provision amended in accordance herewith.  Notwithstanding any other provision  contained herein (i) all terms of an accounting or financial nature used herein shall be construed, and all  computations of amounts and ratios referred to herein shall be made, without giving effect to any election  under Financial Accounting Standards Board Accounting Standards Codification 825 (or any other  Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other  liabilities of the U.S. Borrower or any Subsidiary at “fair value,” as defined therein and (ii) the accounting  for any lease (and whether the obligations thereunder shall constitute “Capitalized Lease Obligations”)  shall be based on GAAP as in effect on the Closing Date and without giving effect to any subsequent  changes in GAAP (or the required implementation of any previously promulgated changes in GAAP)  relating to the treatment of a lease as an operating lease or capitalized lease.               SECTION 1.09  Additional Available Currencies.               (a)   The U.S. Borrower may from time to time request that Eurocurrency Rate  Revolving Loans be made and/or Letters of Credit be issued under any Revolving Facility in a currency  other than those specifically listed in the definition of “Available 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  Revolving Loans, such request shall be subject to the reasonable approval of the Agent and the Revolving  Lenders under the applicable Revolving Facility; and in the case of any such request with respect to the  issuance of Letters of Credit, such request shall be subject to the reasonable approval of the Agent and  each Issuing Bank that is requested to issue Letters of Credit in such currency.               (b)   Any such request shall be made to the Agent not later than 11:00 a.m., fifteen  (15) Business Days prior to the date of the desired Revolving Loan or issuance of any Letter of Credit in      

 

    the applicable currency (or such other time or date as may be agreed by the Agent and, in the case of any  such request pertaining to Letters of Credit, each applicable Issuing Bank, in its or their sole discretion).   In the case of any such request pertaining to Eurocurrency Rate Loans under any Revolving Facility, the  Agent shall promptly notify each Revolving Lender under such Revolving Facility thereof; and in the  case of any such request pertaining to Letters of Credit, the Agent shall promptly notify each Issuing  Bank that is requested to issue Letters of Credit in such currency thereof.  Each Revolving Lender (in the  case of any such request pertaining to Eurocurrency Rate Loans) under the applicable Revolving Facility  or each applicable Issuing Bank (in the case of a request pertaining to Letters of Credit to be issued by  such Issuing Bank) shall notify the Agent, not later than 11:00 a.m., five (5) 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 an 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 such 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 Agent and all the Revolving Lenders  under the applicable Revolving Facility consent to making Eurocurrency Rate Loans in such requested  currency, the Agent shall so notify the U.S. Borrower and such currency shall thereupon be deemed for all  purposes to be an Available Currency hereunder under such Revolving Facility for purposes of any  Eurocurrency Rate Revolving Loans; and if the Agent and an Issuing Bank consent to the issuance of  Letters of Credit in such requested currency, the Agent shall so notify the U.S. Borrower and such  currency shall thereupon be deemed for all purposes to be an Available Currency hereunder for purposes  of any Letter of Credit issuances by such Issuing Bank.  If the Agent shall fail to obtain consent to any  request for an additional currency under this Section 1.09, the Agent shall promptly so notify the U.S.  Borrower.               SECTION 1.10  Limited Condition Acquisitions.  As it relates to any action being  taken solely in connection with a Limited Condition Acquisition, for purposes of:               (i)   determining compliance with any provision of this Agreement (other than        determining whether an Event of Default has occurred under Section 6.10) which requires the        calculation of any financial ratio or financial test,               (ii)  testing availability under baskets set forth in this Agreement (including baskets        determined by reference to EBITDA or Total Assets) or              (iii)  testing whether a Default or Event of Default has occurred and, with respect to        any New Term Loan to finance such Limited Condition Acquisition, testing whether any        representation or warranty in any Loan Document is correct as of such date,   in each case, at the option of the U.S. Borrower (the U.S. Borrower’s election to exercise such option in  connection with any Limited Condition Transaction, an “LCT Election”), the date of determination of  whether any such action is permitted hereunder, any such Default or Event of Default exists and any such  representation or warranty is correct shall be deemed to be the date the definitive agreements for such  Limited Condition Acquisition are entered into (the “LCT Test Date”), and if, after giving pro forma  effect to the Limited Condition Acquisition (and the other transactions to be entered into in connection  therewith, including any incurrence of Indebtedness and the use of proceeds thereof, as if they had  occurred on the first day of the most recently ended Test Period prior to the LCT Test Date), the U.S.  Borrower or the applicable Restricted Subsidiary would have been permitted to take such action on the  relevant LCT Test Date in compliance with such ratio, test or basket, such ratio, test or basket shall be  deemed to have been complied with or if no such Default or Event of Default shall exist on such LCT      

 

    Test Date or such representation or warranty is correct as of such LCT Test Date then such condition shall  be deemed satisfied on the date of consummation of such LCT Test Date for purposes of clause (iii)  above; provided that if financial statements for one or more subsequent fiscal periods shall have become  available, the U.S. Borrower may elect, in its sole discretion, to redetermine all such ratios, tests or  baskets on the basis of such financial statements, in which case, such date of redetermination shall  thereafter be deemed to be the applicable LCT Test Date.  For the avoidance of doubt, if the U.S.  Borrower has made an LCT Election and any of the ratios, tests or baskets for which compliance was  determined or tested as of the LCT Test Date would have failed to have been complied with as a result of  fluctuations in any such ratio, test or basket, including due to fluctuations in EBITDA or Total Assets of  the Borrower or the Person subject to such Limited Condition Acquisition, at or prior to the  consummation of the relevant transaction or any Default or Event of Default has occurred and is  continuing or any such representation or warranty in any Loan Document is not correct on the date of  such Limited Condition Acquisition, such baskets, tests or ratios or requirement will not be deemed to  have failed to have been complied with as a result of such circumstance; however, if any ratios improve  or baskets increase as a result of such fluctuations, such improved ratios or baskets may be utilized.  If the  U.S. Borrower has made an LCT Election for any Limited Condition Acquisition, then in connection with  any calculation of any ratio, test or basket availability with respect to any transaction permitted hereunder  (each, a “Subsequent Transaction”) following the relevant LCT Test Date and prior to the earlier of the  date on which such Limited Condition Acquisition is consummated or the date that the definitive  agreement for such Limited Condition Acquisition is terminated or expires without consummation of such  Limited Condition Acquisition, for purposes of determining whether such Subsequent Transaction is  permitted under this Agreement, any such ratio, test or basket shall be required to be satisfied on a pro  forma basis assuming such Limited Condition Acquisition and other transactions in connection therewith  (including any incurrence of Indebtedness and the use of proceeds thereof) have been consummated.               SECTION 1.11  Luxembourg Terms.  In this Agreement, where it relates to a  company incorporated under the laws of Luxembourg, a reference to:             (i)     a “winding-up”, “administration” or “dissolution” includes, without limitation,        bankruptcy (faillite), insolvency, voluntary or judicial liquidation (liquidation volontaire ou        judiciaire), composition with creditors (concordat préventif de la faillite), reprieve from payment        (sursis de paiement), controlled management (gestion contrôlée), general settlement with        creditors, reorganisation or similar laws affecting the rights of creditors generally;            (ii)     a “receiver”, “administrative receiver”, “administrator” or the like includes,        without limitation, a juge délégué, commissaire, juge-commissaire, liquidateur or curateur; and            (iii)    a person being “unable to pay its debts” includes that person being in a state of        cessation of payments (cessation de paiements).                SECTION 1.12  Interest Rates; LIBOR Notification.  The interest rate on a Loan  denominated in Dollars, any LIBOR Quoted Currency, any other Available Currency or an Alternative  Currency may be derived from an interest rate benchmark that is, or may in the future become, the subject  of regulatory reform.  Regulators have signaled the need to use alternative benchmark reference rates for  some of these interest rate benchmarks and, as a result, such interest rate benchmarks may cease to  comply with applicable laws and regulations, may be permanently discontinued, and/or the basis on  which they are calculated may change. The London interbank offered rate is intended to represent the rate  at which contributing banks may obtain short-term borrowings from each other in the London interbank  market.  In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it  would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark  Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for      

 

    purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing  in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an  appropriate reference rate upon which to determine the interest rate on Eurocurrency Rate Loans. In light  of this eventuality, public and private sector industry initiatives are currently underway to identify new or  alternative reference rates to be used in place of the London interbank offered rate.  Upon the occurrence  of a Benchmark Transition Event or an Early Opt-In Election, Section 2.14(f)(i) provides a mechanism  for determining an alternative rate of interest.  The Administrative Agent will promptly notify the  applicable Borrowers, pursuant to Section 2.14(f)(iii), of any change to the reference rate upon which the  interest rate on Eurocurrency Rate Loans or BA Rate Loans, as applicable, is based.  However, the  Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability  with respect to, the administration, submission or any other matter related to the London interbank offered  rate, any other rates in the definition of “Eurocurrency Rate” or any rates in the definition of “BA Rate”  or with respect to any alternative or successor rate thereto, or replacement rate thereof (including, without  limitation, (i) any such alternative, successor or replacement rate implemented pursuant to Section  2.14(f)(i), whether upon the occurrence of a Benchmark Transition Event or an Early Opt-in Election, and  (ii) the implementation of any Benchmark Replacement Conforming Changes pursuant to Section  2.14(f)(ii)), including without limitation, whether the composition or characteristics of any such  alternative, successor or replacement reference rate will be similar to, or produce the same value or  economic equivalence of, the Eurocurrency Rate or BA Rate, as applicable, or have the same volume or  liquidity as did the London interbank offered rate or Canadian Doller Offered Rate, as applicable, prior to  its discontinuance or unavailability.                                    ARTICLE II                                                                           THE CREDITS               SECTION 2.01  Commitments.               (a)   Initial Revolving Commitments.  On the terms and subject to the conditions  contained in this Agreement, each Revolving Lender severally agrees to make loans in any Available  Currency to any Borrower (each an “Initial Revolving Loan”) from time to time on any Business Day  during the period from the Closing Date until the Amendment No. 7 Effective Date with respect to the  Initial Revolving Commitments in an aggregate Dollar Equivalent amount at any time outstanding for all  such Loans by such Revolving Lender that, when aggregated with such Lender’s LC Exposure under the  Initial Revolving Facility, shall not exceed such Revolving Lender’s Revolving Commitment; provided,  however, that at no time shall any Revolving Lender be obligated to make an Initial Revolving Loan in  excess of such Revolving Lender’s Ratable Portion of the Initial Revolving Commitments; provided,  further, that at no time shall any Revolving Lender be obligated to make an Initial Revolving Loan to any  Foreign Borrower if the making of such an Initial Revolving Loan would result in the Revolving  Outstandings in respect of such Foreign Borrower exceeding such Foreign Borrower’s Revolving  Sublimit. Within the limits of the Initial Revolving Commitment of each Revolving Lender, amounts of  Initial Revolving Loans repaid may be reborrowed by the Borrowers under this Section 2.01(a).               (b)   Term Commitments.               (i)   U.S. Term A Commitments.  On the terms and subject to the conditions  contained in this Agreement, each U.S. Term A Lender severally agrees to make a loan (each a “U.S.  Term A Loan”) in Dollars to the U.S. Borrower on the Closing Date, in an amount equal to such Lender’s  U.S. Term A Commitment.  Amounts of U.S. Term A Loans repaid or prepaid may not be reborrowed.       

 

                (ii)  U.S. Term B Commitments.  On the terms and subject to the conditions  contained in this Agreement, each U.S. Term B Lender severally agrees to make a loan (each a “U.S.  Term B Loan”) in Dollars to the U.S. Borrower on the Closing Date, in an amount equal to such Lender’s  U.S. Term B Commitment.  Amounts of U.S. Term B Loans repaid or prepaid may not be reborrowed.              (iii)  Canadian Term A Commitments and Additional Canadian Term A  Commitments.  On the terms and subject to the conditions contained in this Agreement, each Canadian  Term A Lender severally agrees to make a loan (each a “Canadian Term A Loan”) in Canadian Dollars to  the Canadian Borrower on (x) the Closing Date, in an amount equal to such Canadian Term A Lender’s  Canadian Term A Commitment and (y) the Incremental Amendment No. 1 Effective Date, in an amount  equal to such Canadian Term A Lender’s Additional Canadian Term A Commitment.  Amounts of  Canadian Term A Loans repaid or prepaid may not be reborrowed.              (iv)   Yen Term C Commitments.  On the terms and subject to the conditions contained  in this Agreement, each Yen Term C Lender severally agrees to make a loan (each a “Yen Term C Loan”)  in Yen to the U.S. Borrower on the Closing Date in an amount equal to such Yen Term C Lender’s Yen  Term C Commitment.  Amounts of Yen Term C Loans repaid or prepaid may not be reborrowed.               (v)   Euro Term A Commitments.  On the terms and subject to the conditions  contained in this Agreement, each Euro Term A Lender severally agrees to make a loan (each a “Euro  Term A Loan”) in Euro to the U.K. Borrower on a single occasion on the Incremental Amendment No. 1  Effective Date in an amount equal to such Euro Term A Lender’s Euro Term A Commitment.  Amounts  of Euro Term A Loans repaid or prepaid may not be reborrowed.              (vi)   U.S. Term B-1 Commitments.  On the terms and subject to the conditions  contained in this Agreement, each U.S. Term B-1 Lender severally agrees to make a loan (each a “U.S.  Term B-1 Loan”) in Dollars to the U.S. Borrower on the Incremental Amendment No. 2 Effective Date,  in an amount equal to such Lender’s U.S. Term B-1 Commitment.  Amounts of U.S. Term B-1 Loans  repaid or prepaid may not be reborrowed.              (vii)  Canadian Term A-1 Commitments.  On the terms and subject to the conditions  contained in this Agreement, each Canadian Term A-1 Lender severally agrees to make a loan (each a  “Canadian Term A-1 Loan”) in Canadian Dollars to the Canadian Borrower on a single occasion on the  Incremental Amendment No. 3 Effective Date in an amount equal to such Canadian Term A-1 Lender’s  Canadian Term A-1 Commitment.  Amounts of Canadian Term A-1 Loans repaid or prepaid may not be  reborrowed.             (viii)  U.S. Term B-2 Commitments.  On the terms and subject to the conditions  contained in this Agreement, each U.S. Term B-2 Lender severally agrees to make a loan (each a “U.S.  Term B-2 Loan”) in Dollars to the U.S. Borrower on the Amendment No. 5 Effective Date, in an amount  equal to such Lender’s U.S. Term B-2 Commitment.  Amounts of U.S. Term B-2 Loans repaid or prepaid  may not be reborrowed.              (ix)   U.S. Term B-3 Commitments.  On the terms and subject to the conditions  contained in this Agreement, each U.S. Term B-3 Lender severally agrees to make a loan (each a “U.S.  Term B-3 Loan”) in Dollars to the U.S. Borrower on the Amendment No. 6 Effective Date, in an amount  equal to such Lender’s U.S. Term B-3 Commitment.  Amounts of U.S. Term B-3 Loans repaid or prepaid  may not be reborrowed.               (x)   2018 Tranche Revolving Commitments.  On the terms and subject to the  conditions contained in this Agreement, each Revolving Lender severally agrees to make loans in any      

 

    Available Currency to any Borrower (each a “2018 Tranche Revolving Loan”) from time to time on any  Business Day during the period from the Closing Date until the Revolving Credit Termination Date with  respect to the 2018 Tranche Revolving Commitments in an aggregate Dollar Equivalent amount at any  time outstanding for all such Loans by such Revolving Lender that, when aggregated with such Lender’s  LC Exposure under the 2018 Tranche Revolving Facility, shall not exceed such Revolving Lender’s  Revolving Commitment; provided, however, that at no time shall any Revolving Lender be obligated to  make an 2018 Tranche Revolving Loan in excess of such Revolving Lender’s Ratable Portion of the 2018  Tranche Revolving Commitments; provided, further, that at no time shall any Revolving Lender be  obligated to make an 2018 Tranche Revolving Loan to any Foreign Borrower if the making of such an  2018 Tranche Revolving Loan would result in the Revolving Outstandings in respect of such Foreign  Borrower exceeding such Foreign Borrower’s Revolving Sublimit; provided further, that the German  Borrower shall not be permitted to request any 2018 Tranche Revolving Loans, and no Revolving Lender  shall be obligated to make any 2018 Tranche Revolving Loans to the German Borrower, until three (3)  Business Days after the German Borrower shall have furnished to the Agent and such Revolving Lenders  all information and documents requested by any of them on or prior to the Amendment No. 7 Effective  Date in order to comply with applicable “know your customer” requirements. Within the limits of the  2018 Tranche Revolving Commitment of each Revolving Lender, amounts of 2018 Tranche Revolving  Loans repaid may be reborrowed by the Borrowers under this Section 2.01(a).              (xi)   Canadian Term A-2 Commitments.  On the terms and subject to the conditions  contained in this Agreement, each Canadian Term A-2 Lender severally agrees to make a loan (each a  “Canadian Term A-2 Loan”) in Canadian Dollars to the Canadian Borrower on a single occasion on the  Amendment No. 7 Effective Date in an amount equal to such Canadian Term A-2 Lender’s Canadian  Term A-2 Commitment.  Amounts of Canadian Term A-2 Loans repaid or prepaid may not be  reborrowed.              (xii)  Euro Term A-1 Commitments.  On the terms and subject to the conditions  contained in this Agreement, each Euro Term A-1 Lender severally agrees to make a loan (each a “Euro  Term A-1 Loan”) in Euro to the U.K. Borrower on a single occasion on the Amendment No. 7 Effective  Date in an amount equal to such Euro Term A-1 Lender’s Euro Term A-1 Commitment.  Amounts of  Euro Term A-1 Loans repaid or prepaid may not be reborrowed.             (xiii)  Yen Term C-1 Commitments.  On the terms and subject to the conditions  contained in this Agreement, each Yen Term C-1 Lender severally agrees to make a loan (each a “Yen  Term C-1 Loan”) in Yen to the U.S. Borrower on a single occasion on the Amendment No. 7 Effective  Date in an amount equal to such Yen Term C-1 Lender’s Yen Term C-1 Commitment.  Amounts of Yen  Term C-1 Loans repaid or prepaid may not be reborrowed.             (xiv)   U.S. Term B-4 Commitments.  On the terms and subject to the conditions  contained in this Agreement, each U.S. Term B-4 Lender severally agrees to make a loan (each a “U.S.  Term B-4 Loan”) in Dollars to the U.S. Borrower on the Incremental Amendment No. 8 Effective Date,  in an amount equal to such Lender’s U.S. Term B-4 Commitment.  Amounts of U.S. Term B-4 Loans  repaid or prepaid may not be reborrowed.               SECTION 2.02  Loans and Borrowings.               (a)   Revolving Credit Borrowings.  Each Borrowing under any Revolving Facility  shall be made on notice, in the form of a Borrowing Request, given by the applicable Borrower to the  Agent not later than (i) 1:00 p.m. (New York City time) on the same Business Day as the date of the  proposed Borrowing, in the case of a Borrowing of Base Rate Loans, (ii) 11:00 a.m. (New York City  time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of      

 

    Canadian Base Rate Loans and (iii) 1:00 p.m. (New York City time) three Business Days prior to the date  of the proposed Borrowing, in the case of a Borrowing of Eurocurrency Rate Loans or BA Rate Loans.   Each such notice shall be in substantially the form of Exhibit E and shall specify (A) the date of such  proposed Borrowing, (B) the aggregate amount of such proposed Borrowing, (C) the Revolving Facility  pursuant to which such Loan is to be made, (D) the Borrower to which such Revolving Loan is being  made, (E) the currency in which such Loan is to be denominated, (F) in the case of any Borrowing in  Dollars, whether any portion of the proposed Borrowing will be of Eurocurrency Rate Loans, (G) in the  case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be  BA Rate Loans, (H) in the case of any Eurocurrency Rate Loan, the initial Eurocurrency Interest Period  or Eurocurrency Interest Periods thereof and in the case of any BA Rate Loan, the initial BA Interest  Period or BA Interest Periods thereof and (I) the account or accounts into which the proceeds of such  Borrowing are to be deposited.  Loans denominated in Dollars shall be made as Base Rate Loans unless,  subject to Section 2.14, the Borrowing Request specifies that all or a portion thereof shall be  Eurocurrency Rate Loans.  Loans denominated in Canadian Dollars shall be made as Canadian Base Rate  Loans unless the Borrowing Request specifies that all or a portion thereof shall be BA Rate Loans.  If no  Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate Loan, then the  applicable Borrower shall be deemed to have selected a Eurocurrency Interest Period of one month’s  duration.  If no BA Interest Period is specified with respect to any requested BA Rate Loan, then the  applicable Borrower shall be deemed to have selected a BA Interest Period of 30 days’ duration.  Each  Borrowing shall be in an aggregate amount of not less than the Minimum Currency Threshold.  Each of  the existing Initial Revolving Loans outstanding on the Amendment No. 7 Effective Date shall be deemed  to be 2018 Tranche Revolving Loans upon the effectiveness of Amendment No. 7.               (b)   Term Loan Borrowings.  All Term Loan Borrowings shall be made upon receipt  of a Borrowing Request given by the U.S. Borrower (which each Foreign Borrower hereby authorizes the  U.S. Borrower to provide) to the Agent not later than 12:00 noon (New York City time) (i) one Business  Day prior to the requested date of Borrowing, in the case of Base Rate Loans and (ii) three Business Days  prior to the requested date of Borrowing, in the case of Eurocurrency Rate Loans or BA Rate Loans (or,  in the case of any Borrowing on the Closing Date, at such later time as may be agreed by the Agent).  The  Borrowing Request shall specify (A) the requested date of Borrowing, (B) the aggregate amount of each  proposed Borrowing and the Term Loan Facility under which such Borrowing is to be made, (C) in the  case of Loans denominated in Dollars, whether any portion of the proposed Borrowing will be  Eurocurrency Rate Loans, (D) in the case of Loans denominated in Canadian Dollars, whether any  portion of the proposed Borrowing will be BA Rate Loans, (E) in the case of any Eurocurrency Rate  Loans, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods for any Eurocurrency  Rate Loans and in the case of any BA Rate Loan, the initial BA Interest Period or BA Interest Periods  thereof and (F) the account or accounts into which the proceeds of such Term Loans are to be deposited.   If no Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate Loan,  then the applicable Borrower shall be deemed to have selected a Eurocurrency Interest Period of one  month’s duration.  If no BA Interest Period is specified with respect to a BA Rate Loan then the Canadian  Borrower shall be deemed to have selected a BA Interest Period of one month.  Each such Term Loan  Borrowing shall be in an aggregate amount of not less than the Minimum Currency Threshold.   Notwithstanding the foregoing, all Canadian Term A Loans borrowed on the Incremental Amendment  No. 1 Effective Date shall initially take the form of a pro rata increase in each then outstanding  Borrowing of Canadian Term A Loans. Notwithstanding anything to the contrary provided in this  Agreement, the initial Borrowing of U.S. Term B-4 Loans on the Incremental Amendment No. 8  Effective Date shall be a Borrowing of Eurocurrency Rate Loans with an initial Eurocurrency Interest  Period ending on February 28, 2020 and an initial Eurocurrency Rate of 1.72028%.                (c)   The Agent shall give to each applicable Lender prompt notice of the Agent’s  receipt of a Borrowing Request and, if Eurocurrency Rate Loans or BA Rate Loans are properly requested      

 

    in such Borrowing Request, the applicable interest rate determined pursuant to Section 2.11(a).  Each  applicable Lender shall, before 3:00 p.m. (New York City time) on the date of the proposed Borrowing,  make available to the Agent at the Agent’s Office, in immediately available funds, such Lender’s Ratable  Portion of such proposed Borrowing.  If a Lender funds such Borrowing to the Agent, upon fulfillment  (or due waiver in accordance with Section 9.02) on the requested date of Borrowing of the conditions set  forth in Section 4.01 or Section 4.02, as applicable, and after the Agent’s receipt of such funds, the Agent  shall make such funds available to the applicable Borrower.               (d)   Unless the Agent shall have received notice from a Lender prior to the date of  any proposed Borrowing that such Lender will not make available to the Agent such Lender’s Ratable  Portion of such Borrowing (or any portion thereof), the Agent may assume that such Lender has made  such Ratable Portion available to the Agent on the date of such Borrowing in accordance with this Section  2.02 and the Agent may, in reliance upon such assumption, make available to the applicable Borrower on  such date a corresponding amount.  If and to the extent that such Lender shall not have so made such  Ratable Portion available to the Agent, such Lender and the applicable Borrower severally agree to repay  to the Agent forthwith on demand such corresponding amount together with interest thereon for each day  from the date such amount is made available to the applicable Borrower until the date such amount is  repaid to the Agent at (i) in the case of a Borrower, the interest rate applicable at the time to the Loans  comprising such Borrowing and (ii) in the case of such Lender, the Interbank Rate for the first Business  Day and thereafter at the interest rate applicable at the time to the Loans comprising such Borrowing.  If  such Lender shall repay to the Agent such corresponding amount, such amount so repaid shall constitute  such Lender’s Loan as part of such Borrowing for purposes of this Agreement.  If the applicable  Borrower shall repay to the Agent such corresponding amount, such payment shall not relieve such  Lender of any obligation it may have hereunder to such Borrower.               (e)   The failure of any Lender to make on the date specified any Loan or any payment  required by it (such Lender, during the period of such failure, being a “Non-Funding Lender”), including  any payment in respect of its participation in Letters of Credit, shall not relieve any other Lender of its  obligations to make such Loan or payment on such date but no such other Lender shall be responsible for  the failure of any Non-Funding Lender to make a Loan or payment required under this Agreement.               SECTION 2.03  [Reserved].               SECTION 2.04  Letters of Credit.               (a)   General.  Subject to the terms and conditions set forth herein, any Borrower may  request (and the applicable Issuing Bank shall issue) the issuance of standby Letters of Credit under any  Revolving Facility with respect to which it is a Borrower at any time and from time to time from and after  the Closing Date to but excluding the Revolving Credit Termination Date for the latest maturing  Revolving Commitments under such Revolving Facility for the account of such Borrower or any  Restricted Subsidiary, in a form reasonably acceptable to the Agent and the relevant Issuing Bank, as the  case may be.  Any Letter of Credit issued under any Revolving Facility may be denominated in any  Available Currency selected by the applicable Borrower.  In the event of any inconsistency between the  terms and conditions of this Agreement and the terms and conditions of any form of letter of credit  application or other agreement submitted by such Borrower to, or entered into by such Borrower with, an  Issuing Bank, relating to any Letter of Credit, the terms and conditions of this Agreement shall control.   Notwithstanding anything herein to the contrary, no Issuing Bank shall have any obligation hereunder to  issue, renew, amend or extend any Letter of Credit the proceeds of which would be made available to any  Person (i) to fund any activity or business of or with any Sanctioned Person, or in any country or territory  that, at the time of such funding, is the subject of any Sanctions or (ii) in any manner that would result in  a violation of any Sanctions by any party to this Agreement.  Notwithstanding anything to the contrary      

 

    provided in this Agreement, (i) each Existing Letter of Credit shall be deemed issued under this  Agreement from and after the Closing Date and (ii) each Letter of Credit that is outstanding on the  Amendment No. 7 Effective Date shall be deemed issued under the 2018 Tranche Revolving Facility  upon the effectiveness of Amendment No. 7.               (b)   Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions.  To  request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding  Letter of Credit), the requesting Borrower shall hand deliver or telecopy (or transmit by electronic  communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to the  applicable Issuing Bank and the Agent (reasonably in advance of the requested date of issuance,  amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the  Letter of Credit to be amended, renewed or extended, and specifying (A) the date of issuance,  amendment, renewal or extension (which shall be a Business Day), (B) the date on which such Letter of  Credit is to expire (which shall comply with Section 2.04(c), (C) the amount of such Letter of Credit, (D)  the currency in which such Letter of Credit is to be denominated (which shall comply with Section  2.04(a)), (E) the Revolving Facility under which such Letter of Credit is to be issued, (F) the name and  address of the beneficiary thereof and (G) such other information as shall be necessary to issue, amend,  renew or extend such Letter of Credit.  If requested by the applicable Issuing Bank, the requesting  Borrower shall also submit a letter of credit application on such Issuing Bank’s standard form in  connection with any request for a Letter of Credit.  A Letter of Credit shall not be issued, amended,  renewed or extended if (and upon issuance, amendment, renewal or extension of each Letter of Credit the  requesting Borrower shall be deemed to represent and warrant that), after giving effect to such issuance,  amendment, renewal or extension, (I) unless otherwise agreed by the applicable Issuing Bank in its sole  discretion, (x) the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit issued  by such Issuing Bank at such time plus (y) the aggregate amount of all LC Disbursements made by such  Issuing Bank that have not yet been reimbursed by or on behalf of the Borrower at such time would  exceed its Letter of Credit Commitment, (II) the Revolving Outstandings under the applicable Revolving  Facility would exceed the Revolving Commitments under such Revolving Facility, (III) the Revolving  Available Credit under the applicable Revolving Facility would be less than zero or (IV) the Revolving  LC Exposure under all Revolving Facilities would exceed $250.0 million; it being understood that, for  purposes of determining compliance with the foregoing clauses (I) through (IV), the Agent shall calculate  the Dollar Equivalent with respect to any Letter of Credit requested to be denominated in any Alternative  Currency on the date on which the requesting Borrower delivers a notice requesting such Letter of Credit  and on each Determination Date, in each case in accordance with Section 1.03.  Upon the issuance of any  Letter of Credit or increase in the amount of a Letter of Credit, the U.S. Borrower shall promptly notify  the Agent thereof.  Additionally, no Issuing Bank shall be required to issue, amend, extend or renew any  Letter of Credit (x) issued pursuant to any Revolving Facility if any Revolving Lender under such  Revolving Facility is then a Defaulting Lender, unless such Issuing Bank shall be satisfied that the related  exposure will be 100% covered by the Revolving Commitments of the non-Defaulting Lenders and/or  cash collateral shall be provided by the Borrower in accordance with Section 2.20 and participating  interests in any such newly issued Letter of Credit shall be allocated among non-Defaulting Lenders in a  manner consistent with Section 2.20 (and Defaulting Lenders shall not participate therein), or (y) if the  expiration date of such Letter of Credit is after the Scheduled Termination Date for such Revolving  Facility unless the U.S. Borrower has entered into arrangements satisfactory to the Agent and the  applicable Issuing Bank to eliminate the potential for such Issuing Bank to have uncovered exposure with  respect to such Letter of Credit following such Scheduled Termination Date.  Each Issuing Bank will also  furnish to the Agent an activity report with respect to the Letters of Credit issued by it no later than five  Business Days following the end of each calendar quarter and on any other date reasonably requested by  the Agent.         

 

                (c)   Expiration Date.  Each Letter of Credit shall expire at or prior to the close of  business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit or, in  the case of any renewal or extension thereof, one year after such renewal or extension; provided that, if  the requesting Borrower and the applicable Issuing Bank so agree, any Letter of Credit may provide for  the automatic renewal of such Letter of Credit for successive one year terms (subject to clause (ii)) and  (ii) the date that is five Business Days prior to the Scheduled Termination Date for the Revolving Facility  under which such Letter of Credit is issued.               (d)   Participations.               (i)   By the issuance of a Letter of Credit (or an amendment to a Letter of Credit  increasing the amount thereof) pursuant to any Revolving Facility and without any further action on the  part of the applicable Issuing Bank issuing such Letter of Credit or the Revolving Lenders under such  Revolving Facility, each Issuing Bank hereby grants to each Revolving Lender under such Revolving  Facility, and each such Revolving Lender hereby acquires from each Issuing Bank, a participation in each  such Letter of Credit equal to such Lender’s Ratable Portion of the aggregate amount available to be  drawn under such Letter of Credit.  In consideration and in furtherance of the foregoing, each Revolving  Lender hereby absolutely and unconditionally agrees to pay to the Agent, for the account of the applicable  Issuing Bank, such Revolving Lender’s Ratable Portion of each Revolving LC Disbursement made by  such Issuing Bank with respect to any Letter of Credit issued pursuant to any Revolving Facility under  which such Lender holds a Revolving Commitment and not reimbursed by a Borrower on the date due as  provided in Section 2.04(e) or of any reimbursement payment required to be refunded to such Borrower.   Each Revolving Lender acknowledges and agrees that its obligation to acquire participations pursuant to  this Section 2.04(d) in respect of Letters of Credit issued pursuant to the Revolving Facility under which  such Lender holds Revolving Commitments is absolute and unconditional and shall not be affected by  any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or  the occurrence and continuance of a Default or reduction or termination of the Revolving Commitments,  and that each such payment shall be made without any offset, abatement, withholding or reduction  whatsoever.               (e)   Reimbursement.               (i)   If an Issuing Bank shall make any LC Disbursement in respect of a Letter of  Credit issued by it, the applicable Borrower shall reimburse such LC Disbursement by paying to the  applicable Issuing Bank an amount equal to such LC Disbursement in Dollars based on the Dollar  Equivalent amount thereof not later than the Business Day immediately following the day that such  Borrower receives notice that an LC Disbursement has been made; provided that, so long as no Default is  continuing of which the Agent has been notified and subject to the availability of unused Revolving  Commitments under the Revolving Facility, the Borrowers, each Issuing Bank, the Agent and the Lenders  hereby agree that in the event an Issuing Bank makes any LC Disbursement under a Letter of Credit  issued pursuant to a Revolving Facility and the applicable Borrower shall not have reimbursed such  amount when due pursuant to this Section 2.04(e)(i), such unreimbursed LC Disbursement and all  obligations of such Borrower relating thereto shall be satisfied when due and payable by the borrowing of  one or more Revolving Loans denominated in Dollars that are Base Rate Loans in an amount equal to the  Dollar Equivalent of such unreimbursed LC Disbursement which the Borrowers hereby acknowledge are  requested and the Revolving Lenders hereby agree to fund; provided, further, that prior to any such  Revolving Loans being made, the Agent may, but shall not be required to, confirm with the U.S.  Borrower that the conditions set forth in Section 4.02 are met, and if the U.S. Borrower does not confirm  that such condition shall be met then the Agent shall be under no obligation to cause such Revolving  Loans to be made.      

 

                (ii)  If a Borrower fails to make any payment due under Section 2.04(e)(i) with  respect to a Letter of Credit when due, the Agent shall notify each Revolving Lender under the applicable  Revolving Facility of the applicable Revolving LC Disbursement, the payment then due from such  Borrower in respect thereof and such Lender’s Ratable Portion thereof.  Promptly following receipt of  such notice, each Revolving Lender shall pay to the Agent its Ratable Portion of the payment then due  from such Borrower in Dollars, in the same manner as provided in Section 2.02 with respect to Loans  made by such Lender (and Section 2.02 shall apply, mutatis mutandis, to the payment obligations of the  Revolving Lenders), and the Agent shall promptly pay to the Issuing Bank that has made the Revolving  LC Disbursement the amounts so received by it from the Revolving Lenders.  Promptly following receipt  by the Agent of any payment from a Borrower pursuant to this paragraph, the Agent shall distribute such  payment to the applicable Issuing Bank or, to the extent that Revolving Lenders have made payments  pursuant to this paragraph to reimburse such Issuing Bank, then to such Revolving Lenders and the  applicable Issuing Bank as their interests may appear.  Any payment made by a Revolving Lender  pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding  of Base Rate Revolving Loans as contemplated above) shall not constitute a Loan and shall not relieve the  applicable Borrower of its obligation to reimburse such LC Disbursement.               (f)   Obligations Absolute.  Each Borrower’s obligations to reimburse LC  Disbursements as provided in Section 2.04(e) shall be absolute, unconditional and irrevocable, and shall  be performed strictly in accordance with the terms of this Agreement under any and all circumstances  whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this  Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of  Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or  inaccurate in any respect, (iii) payment by an Issuing Bank under a Letter of Credit against presentation of  a draft or other document that does not comply with the terms of such Letter of Credit (except as  otherwise provided below), or (iv) any other event or circumstance whatsoever, whether or not similar to  any of the foregoing, that might, but for the provisions of this Section 2.04, constitute a legal or equitable  discharge of, or provide a right of setoff against, the Borrowers’ obligations hereunder; provided that the  foregoing shall not be construed to excuse an Issuing Bank from liability to any Borrower to the extent of  any direct damages (as opposed to special, indirect, consequential or punitive damages, claims in respect  of which are hereby waived by each Borrower to the extent permitted by applicable law) suffered by any  Borrower that are caused by such Issuing Bank’s gross negligence or willful misconduct (as finally  determined by a court of competent jurisdiction).  Neither the Agent, the Lenders, the Issuing Banks, nor  any of their Related Parties shall have any liability or responsibility by reason of or in connection with the  issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder  (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission,  interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or  relating to any Letter of Credit (including any document required to make a drawing thereunder), any  error in interpretation of technical terms or any consequence arising from causes beyond the control of the  applicable Issuing Bank; provided that the foregoing shall not be construed to excuse an Issuing Bank  from liability to any Borrower to the extent of any direct damages (as opposed to special, indirect,  consequential or punitive damages, claims in respect of which are hereby waived by each Borrower to the  extent permitted by applicable law) suffered by any Borrower that are caused by such Issuing Bank’s  failure to exercise care when determining whether drafts and other documents presented under a Letter of  Credit comply with the terms thereof.  In the absence of gross negligence or willful misconduct on the  part of an Issuing Bank such Issuing Bank shall be deemed to have exercised care in each such  determination.  In furtherance of the foregoing and without limiting the generality thereof, the parties  agree that, with respect to documents presented which appear on their face to be in substantial compliance  with the terms of a Letter of Credit, the applicable Issuing Bank may, in its sole discretion, either accept  and make payment upon such documents without responsibility for further investigation, regardless of      

 

    any notice or information to the contrary, or refuse to accept and make payment upon such documents if  such documents are not in strict compliance with the terms of such Letter of Credit.               (g)   Disbursement Procedures.  An Issuing Bank shall, promptly following its receipt  thereof, subject to the terms of the applicable Letter of Credit, examine all documents purporting to  represent a demand for payment under a Letter of Credit.  An Issuing Bank shall promptly notify the  Agent and the Agent shall notify the U.S. Borrower by telephone of such demand for payment and  whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any  failure to give or delay in giving such notice shall not relieve any Borrower of its obligation to reimburse  the Issuing Bank and the Revolving Lenders with respect to any such LC Disbursement.               (h)   Interim Interest.  If an Issuing Bank shall make any LC Disbursement, then,  unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC  Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the  date such LC Disbursement is made to but excluding the date Borrower (or any other account party)  reimburses such LC Disbursement, at the rate per annum then applicable to Base Rate Revolving Loans  under the applicable Revolving Facility; provided that, if a Borrower fails to reimburse (or cause another  account party to reimburse) such LC Disbursement when due pursuant to Section 2.04(e), then Section  2.11(c) shall apply from such due date until such reimbursement is made.  Interest accrued pursuant to  this paragraph shall be for the account of the Issuing Bank making such LC Disbursement except that  interest accrued on and after the date of payment by any Revolving Lender pursuant to Section 2.04(e)(ii)  to reimburse an Issuing Bank shall be for the account of such Lender to the extent of such payment.               (i)   Replacement of Issuing Banks; Limitation on Obligations of Issuing Banks to  Act in Such Capacities.               (i)   An Issuing Bank may be replaced at any time by written agreement among the  U.S. Borrower, the Agent, the replaced Issuing Bank and the successor Issuing Bank.  The Agent shall  notify the Revolving Lenders of any such replacement of an Issuing Bank.  At the time any such  replacement shall become effective, each Borrower shall pay all unpaid fees accrued for the account of  the replaced Issuing Bank pursuant to Section 2.10.  From and after the effective date of any such  replacement, (1) the successor Issuing Bank shall have all the rights and obligations of an Issuing Bank  under this Agreement with respect to Letters of Credit to be issued thereafter and (2) references herein to  the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to  such successor and all previous Issuing Banks, as the context shall require.  After the replacement of an  Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have  all the rights and obligations of the Issuing Bank under this Agreement with respect to Letters of Credit  issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit or to  amend or extend any previously issued Letters of Credit.                 (ii)  Notwithstanding anything in this Agreement to the contrary, each Issuing Bank  shall have the right, by notice to the Borrower, to decline to act as an Issuing Bank for any New  Revolving Facility established following the Closing Date with a Scheduled Termination Date after the  Scheduled Termination Date for the Revolving Facilities in effect on the Closing Date.  In the event any  Issuing Bank declines to act in such capacity, the Borrower may, with the consent of the replacement  Issuing Bank, as applicable, appoint a financial institution reasonably satisfactory to the Agent to act in  such capacity for such New Revolving Facility.               (j)   Cash Collateralization.  If any Event of Default shall occur and be continuing, on  the Business Day that the U.S. Borrower receives notice from the Agent or the Required Revolving  Lenders demanding the deposit of cash collateral pursuant to this paragraph or if a Borrower is required to      

 

    cash collateralize Letters of Credit pursuant to Section 2.09(d), each Borrower shall deposit in one or  more accounts which shall by established at such time by the Agent, in the name of the Agent and for the  benefit of the Revolving Lenders, the Issuing Banks, an amount in cash in the currency in which the  applicable Revolving LC Exposure is denominated equal to the Revolving LC Exposure as of such date  plus any accrued and unpaid fees thereon; provided that the obligation to deposit such cash collateral shall  become immediately due and payable, without demand or other notice of any kind, upon the occurrence  of any Event of Default described in Section 7.01(f) or (g) with respect to the U.S. Borrower.  Each such  deposit shall be held by the Agent as collateral for the payment and performance of the obligations of the  Borrowers under this Agreement with respect to such LC Exposure and shall be invested in short term  cash equivalents selected by the Agent in its sole discretion (it being understood that the Agent shall in no  event be liable for the selection of such cash equivalents or for investment losses with respect thereto,  including losses incurred as a result of the liquidation of such cash equivalents prior to stated maturity).   The Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over  such account.  Other than any interest earned on the investment of such deposits, which investments shall  be made with the Agent’s consent and at the Borrowers’ risk and expense, such deposits shall not bear  interest.  Interest or profits, if any, on such investments shall accumulate in such account.  Moneys in such  account shall be applied by the Agent to reimburse each Issuing Bank for LC Disbursements for which it  has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the  reimbursement obligations of Borrowers for the LC Exposure, as applicable, at such time.  If any  Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an  Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to such Borrower  promptly and in any event within three Business Days after all Events of Default have been cured or  waived.  If any Borrower is required to provide an amount of cash collateral hereunder, such amount (to  the extent not applied as aforesaid) shall be returned to such Borrower as and to the extent that, after  giving effect to such return, no Default shall have occurred and be continuing.               (k)   Assignment.  The parties acknowledge and agree that (a) the entity acting as  Issuing Bank, in its capacity as such, may, without the consent of any party hereto, assign to an Affiliate  all right, title and interest of (the “Affiliate Assigned Rights”) in, to and under any and all obligations of  the Borrowers under Section 2.04(e) to reimburse the Issuing Bank for Revolving LC Disbursements (the  “Reimbursement Obligations”), (b) in respect of all such Reimbursement Obligations constituting  Affiliate Assigned Rights, for all purposes of this Agreement such Affiliate shall be deemed the “Issuing  Bank,” (c) the obligations of the Revolving Lenders and Borrowers to the Issuing Bank shall, in the case  of the Affiliate Assigned Rights, inure to the benefit of the Affiliate acquiring or having acquired such  Affiliate Assigned Rights and be enforceable by such Affiliate and/or by the Issuing Bank on behalf of  such Affiliate and (d) all payments made by Borrowers and/or any Revolving Lender to such Affiliate  acquiring or having acquired such Affiliate Assigned Rights shall discharge all such obligations otherwise  owing to the Issuing Bank that has assigned such Affiliate Assigned Rights, to the extent so paid.  The  foregoing shall not otherwise affect the rights and obligations of the entities acting as Issuing Banks  hereunder.               (l)   Applicability of ISP and UCP.  Unless otherwise expressly agreed by the Issuing  Bank and the applicable Borrower when a Letter of Credit is issued, the rules of the ISP shall apply to  each Letter of Credit.               SECTION 2.05  Termination and Reduction of Commitments.  The U.S. Borrower  may, upon at least three Business Days’ prior notice to the Agent, terminate in whole or reduce in part the  unused portions of the Revolving Commitments under any Revolving Facility; provided, however, that (i)  each partial reduction shall be in an aggregate amount of not less than the Minimum Currency Threshold  and (ii) any such reduction shall apply to proportionately and permanently reduce the Revolving  Commitment of each of the Lenders under such Revolving Facility except that, notwithstanding the      

 

    foregoing, in connection with the establishment on any date of any Replacement Revolving Commitments  pursuant to Section 2.19, the Revolving Commitments of any one or more Lenders providing any such  Replacement Revolving Commitments on such date may be reduced in whole or in part on such date on a  non-pro rata basis with the other Lenders under the applicable Revolving Facility; provided, further, that  after giving effect to any such reduction and to the repayment of any Revolving Loans actually made on  such date, the Revolving Outstandings of any Revolving Lender under such Revolving Facility does not  exceed the Revolving Commitment thereof).  To the extent not previously utilized, all Term  Commitments in effect on the Closing Date shall terminate at 5:00 p.m. (New York City time) on the  Closing Date.                SECTION 2.06  Repayment of Loans.               (a)   Each Borrower promises to repay on the Scheduled Termination Date for any  Revolving Facility, the entire unpaid principal amount of the Revolving Loans thereunder made to such  Borrower under such Revolving Facility in the currency in which such Loans are denominated.               (b)   [Reserved].               (c)   The U.S. Borrower promises to repay in Dollars the U.S. Term B-2 Loans on  each date set forth below in an amount equal to the product of (x) the Remaining Term Percentage of the  U.S. Term B-2 Loans as of such date multiplied by (y) the amount set forth below opposite such date  (subject to Sections 2.08(b), 2.08(d) and 2.09(c)):                           Date                    Amount                         09/30/18               $3,526,562.50                         12/31/18               $3,526,562.50                         03/31/19               $3,526,562.50                         06/30/19               $3,526,562.50                         09/30/19               $3,526,562.50                         12/31/19               $3,526,562.50                         03/31/20               $3,526,562.50                         06/30/20               $3,526,562.50                         09/30/20               $3,526,562.50                         12/31/20               $3,526,562.50                         03/31/21               $3,526,562.50                         06/30/21               $3,526,562.50                         09/30/21               $3,526,562.50                         12/31/21               $3,526,562.50                         03/31/22               $3,526,562.50                         06/30/22               $3,526,562.50                         09/30/22               $3,526,562.50                         12/31/22               $3,526,562.50                         03/31/23               $3,526,562.50                         06/30/23               $3,526,562.50                         09/30/23               $3,526,562.50                         12/31/23               $3,526,562.50                     U.S. Term B-2 Loan        $1,333,040,625                       Maturity Date        

 

    ; provided, however, that the U.S. Borrower shall repay the entire unpaid principal amount of the U.S.  Term B-2 Loans on the U.S. Term B-2 Loan Maturity Date.               (d)   The Canadian Borrower promises to repay in Canadian Dollars the Canadian  Term A-2 Loans on each date set forth below in an amount equal to the product of (x) the Remaining  Term Percentage of the Canadian Term A-2 Loans as of such date multiplied by (y) the amount set forth  below opposite such date (subject to Sections 2.08(b), 2.08(d) and 2.09(c)):                           Date                   Amount                         12/31/18              C$4,750,000.00                         03/31/19              C$4,750,000.00                         06/30/19              C$4,750,000.00                         09/30/19              C$4,750,000.00                         12/31/19              C$4,750,000.00                         03/31/20              C$4,750,000.00                         06/30/20              C$4,750,000.00                         09/30/20              C$4,750,000.00                         12/31/20              C$7,125,000.00                         03/31/21              C$7,125,000.00                         06/30/21              C$7,125,000.00                         09/30/21              C$7,125,000.00                         12/31/21              C$9,500,000.00                         03/31/22              C$9,500,000.00                         06/30/22              C$9,500,000.00                         09/30/22              C$9,500,000.00                         12/31/22             C$14,250,000.00                         03/31/23             C$14,250,000.00                         06/30/23             C$14,250,000.00                         09/30/23             C$14,250,000.00                   Canadian Term A-2 Loan                                              C$218,500,000.00                       Maturity Date    ; provided, however, that the Canadian Borrower shall repay the entire unpaid principal amount of the  Canadian Term A-2 Loans on the Canadian Term A-2 Loan Maturity Date.               (e)   The U.S. Borrower promises to repay in Yen the Yen Term C-1 Loans on each  date set forth below in an amount equal to the product of (x) the Remaining Term Percentage of the Yen  Term C-1 Loans as of such date multiplied by (y) the amount set forth below opposite such date (subject  to Sections 2.08(b), 2.08(d) and 2.09(c)):                            Date                   Amount                         12/31/18              ¥135,019,468.80                         03/31/19              ¥135,019,468.80                         06/30/19              ¥135,019,468.80                         09/30/19              ¥135,019,468.80                         12/31/19              ¥135,019,468.80                         03/31/20              ¥135,019,468.80                         06/30/20              ¥135,019,468.80                         09/30/20              ¥135,019,468.80      

 

                             Date                   Amount                         12/31/20              ¥189,027,256.30                         03/31/21              ¥189,027,256.30                         06/30/21              ¥189,027,256.30                         09/30/21              ¥189,027,256.30                         12/31/21              ¥270,038,937.50                         03/31/22              ¥270,038,937.50                         06/30/22              ¥270,038,937.50                         09/30/22              ¥270,038,937.50                         12/31/22              ¥405,058,406.30                         03/31/23              ¥405,058,406.30                         06/30/23              ¥405,058,406.30                         09/30/23              ¥405,058,406.30                  Yen Term C-1 Loan Maturity                                              ¥6,264,903,350.00                           Date    ; provided, however, that the U.S. Borrower shall repay the entire unpaid principal amount of the Yen  Term C-1 Loans on the Yen Term C-1 Loan Maturity Date.               (f)   The U.K. Borrower promises to repay in Euro the Euro Term A-1 Loans on each  date set forth below in an amount equal to the product of (x) the Remaining Term Percentage of the Euro  Term A-1 Loans as of such date multiplied by (y) the amount set forth below opposite such date (subject  to Sections 2.08(b), 2.08(d) and 2.09(c)):                            Date                   Amount                         12/31/18               €1,625,000.00                         03/31/19               €1,625,000.00                         06/30/19               €1,625,000.00                         09/30/19               €1,625,000.00                         12/31/19               €1,625,000.00                         03/31/20               €1,625,000.00                         06/30/20               €1,625,000.00                         09/30/20               €1,625,000.00                         12/31/20               €2,275,000.00                         03/31/21               €2,275,000.00                         06/30/21               €2,275,000.00                         09/30/21               €2,275,000.00                         12/31/21               €3,250,000.00                         03/31/22               €3,250,000.00                         06/30/22               €3,250,000.00                         09/30/22               €3,250,000.00                         12/31/22               €4,875,000.00                         03/31/23               €4,875,000.00                         06/30/23               €4,875,000.00                         09/30/23               €4,875,000.00                 Euro Term A-1 Loan Maturity    €75,400,000.00                           Date        

 

    ; provided, however, that the U.K. Borrower shall repay the entire unpaid principal amount of the Euro  Term A-1 Loans on the Euro Term A-1 Loan Maturity Date.               (g)   The U.S. Borrower promises to repay in Dollars the U.S. Term B-3 Loans on  each date set forth below in an amount equal to the product of (x) the Remaining Term Percentage of the  U.S. Term B-3 Loans as of such date multiplied by (y) the amount set forth below opposite such date  (subject to Sections 2.08(b), 2.08(d) and 2.09(c)):                           Date                    Amount                         09/30/18               $4,451,343.75                         12/31/18               $4,451,343.75                         03/31/19               $4,451,343.75                         06/30/19               $4,451,343.75                         09/30/19               $4,451,343.75                         12/31/19               $4,451,343.75                         03/31/20               $4,451,343.75                         06/30/20               $4,451,343.75                         09/30/20               $4,451,343.75                         12/31/20               $4,451,343.75                          03/31/21               $4,451,343.75                          06/30/21               $4,451,343.75                          09/30/21               $4,451,343.75                          12/31/21               $4,451,343.75                          03/31/22               $4,451,343.75                          06/30/22               $4,451,343.75                          09/30/22               $4,451,343.75                          12/31/22               $4,451,343.75                          03/31/23               $4,451,343.75                          06/30/23               $4,451,343.75                          09/30/23               $4,451,343.75                          12/31/23               $4,451,343.75                          03/31/24               $4,451,343.75                          06/30/24               $4,451,343.75                          09/30/24               $4,451,343.75                          12/31/24               $4,451,343.75                      U.S. Term B-3 Loan       $1,664,802,562.50                       Maturity Date    ; provided, however, that the U.S. Borrower shall repay the entire unpaid principal amount of the U.S.  Term B-3 Loans on the U.S. Term B-3 Loan Maturity Date.               (h)   [Reserved].               (i)   The U.S. Borrower shall repay all Existing U.S. Term B Loans (other than  Converted U.S. Term B-2 Loans) on the Amendment No. 5 Effective Date, together with all accrued  interest on all Existing U.S. Term B Loans to but excluding the Amendment No. 5 Effective Date.       

 

                (j)   The U.S. Borrower shall repay all Existing U.S. Term B-1 Loans (other than  Converted U.S. Term B-3 Loans) on the Amendment No. 6 Effective Date, together with all accrued  interest on all Existing U.S. Term B-1 Loans to but excluding the Amendment No. 6 Effective Date.               (k)   The Canadian Borrower shall repay all outstanding Canadian Term A Loans and  Canadian Term A-1 Loans on the Amendment No. 7 Effective Date, together with all accrued interest on  such Loans to but excluding the Amendment No. 7 Effective Date.               (l)   The U.K. Borrower shall repay all outstanding Euro Term A Loans on the  Amendment No. 7 Effective Date, together with all accrued interest on such Euro Term A Loans to but  excluding the Amendment No. 7 Effective Date.               (m)   The U.S. Borrower shall repay all outstanding Yen Term C Loans on the  Amendment No. 7 Effective Date, together with all accrued interest on such Yen Term C Loans to but  excluding the Amendment No. 7 Effective Date.               (n)   The U.S. Borrower promises to repay in Dollars the U.S. Term B-4 Loans on  each date set forth below in an amount equal to the product of (x) the Remaining Term Percentage of the  U.S. Term B-4 Loans as of such date multiplied by (y) the amount set forth below opposite such date  (subject to Sections 2.08(b), 2.08(d) and 2.09(c)):                           Date                    Amount                         06/30/20                $2,250,000                         09/30/20                $2,250,000                         12/31/20                $2,250,000                         03/31/21                $2,250,000                         06/30/21                $2,250,000                         09/30/21                $2,250,000                         12/31/21                $2,250,000                         03/31/22                $2,250,000                         06/30/22                $2,250,000                         09/30/22                $2,250,000                         12/31/22                $2,250,000                         03/31/23                $2,250,000                         06/30/23                $2,250,000                         09/30/23                $2,250,000                         12/31/23                $2,250,000                         03/31/24                $2,250,000                         06/30/24                $2,250,000                         09/30/24                $2,250,000                         12/31/24                $2,250,000                         03/31/25                $2,250,000                         06/30/25                $2,250,000                         09/30/25                $2,250,000                         12/31/25                $2,250,000                         03/31/26                $2,250,000                         06/30/26                $2,250,000                         09/30/26                $2,250,000                         12/31/26                $2,250,000      

 

                            Date                    Amount                     U.S. Term B-4 Loan         $839,250,000                       Maturity Date    ; provided, however, that the U.S. Borrower shall repay the entire unpaid principal amount of the U.S.  Term B-4 Loans on the U.S. Term B-4 Loan Maturity Date.                              SECTION 2.07  Evidence of Debt.               (a)   Each Lender shall maintain in accordance with its usual practice an account or  accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Loan made by  such Lender, including the amounts of principal and interest payable and paid to such Lender from time to  time hereunder.               (b)   The Agent shall maintain accounts in which it shall record (i) the amount of each  Loan made hereunder, the Type thereof and the Interest Period (if any) applicable to each Loan  hereunder, (ii) the amount of any principal, interest and fees due and payable or to become due and  payable from each Borrower to each Lender hereunder and (iii) the amount of any sum received by the  Agent hereunder for the account of the Lenders and each Lender’s share thereof.               (c)   The entries made in the accounts maintained pursuant to paragraph (a) or (b) of  this Section 2.07 shall be prima facie evidence of the existence and amounts of the obligations recorded  therein; provided that the failure of any Lender or the Agent to maintain such accounts or any error  therein shall not in any manner affect the obligation of any Borrower to repay its Obligations in  accordance with the terms of this Agreement.               (d)   Any Lender may request that Loans made by it be evidenced by a promissory  note.  In such event, the applicable Borrower shall reasonably promptly prepare, execute and deliver to  such Lender a Revolving Credit Note or Term Loan Note payable to such Lender and its registered  assigns and in substantially the form of Exhibit F-1 or Exhibit F-2 hereto, as applicable, with appropriate  insertions and deletions.               SECTION 2.08  Optional Prepayment of Loans.               (a)   Revolving Loans.  Each Borrower may upon prior notice to the Agent not later  than (x) 1:00 p.m. (London time) in the case of Loans denominated in Euro, Sterling or Yen or (y) 11:00  a.m. (New York City time) in the case of Loans denominated in any other currency, in each case (i) at  least three Business Days prior to the date of prepayment, in the case of any prepayment of Eurocurrency  Rate Loans or BA Rate Loans and (ii) on the date of prepayment in the case of Base Rate Loans and  Canadian Base Rate Loans, prepay without premium or penalty the outstanding principal amount of any  or all of its Revolving Loans under any Revolving Facility, in whole or in part at any time in the  currencies in which such Loans are denominated; provided, however, that if any prepayment of any  Eurocurrency Rate Loan or BA Rate Loan is made by a Borrower other than on the last day of an Interest  Period for such Loan, such Borrower shall also pay all interest and fees accrued to the date of such  prepayment on the principal amount prepaid and any amount owing pursuant to Section 2.14(e); provided,  further, that each partial prepayment shall be in an aggregate principal amount not less than the applicable  Minimum Currency Threshold.  Upon the giving of any notice of prepayment, the principal amount of  Revolving Loans specified therein to be prepaid shall become due and payable on the date specified      

 

    therein for such prepayment (except that any notice of prepayment in connection with the refinancing of  all or any portion of the Facilities may be contingent upon the consummation of such refinancing).               (b)   Term Loans.  Any Borrower may, upon prior notice to the Agent not later than  (x) 1:00 p.m. (London time) in the case of Loans denominated in Euro, Sterling or Yen or (y) 11:00 a.m.  (New York City time) in the case of Loans denominated in any other currency, in each case (i) at least  three Business Days prior to the date of prepayment, in the case of any prepayment of Eurocurrency Rate  Loans or BA Rate Loans and (ii) on the date of prepayment, in the case of any prepayment of Base Rate  Loans, prepay without premium or penalty (except as set forth in clause (c) below) its Term Loans under  any Term Loan Facility in the currency in which such Term Loans are denominated, in whole or in part,  together with accrued interest to the date of such prepayment on the principal amount prepaid; provided,  however, that if any prepayment of any Eurocurrency Rate Loan or BA Rate Loan is made by a Borrower  other than on the last day of an Interest Period for such Loan, such Borrower shall also pay any amounts  owing pursuant to Section 2.14(e); provided, further, that each partial prepayment shall be in an aggregate  amount not less than the Minimum Currency Threshold and that any such partial prepayment shall be  applied to reduce the remaining installments of the outstanding principal amount of the Term Loans under  the applicable Term Loan Facility as directed by the U.S. Borrower.  Upon the giving of any notice of  prepayment, the principal amount of the Term Loans specified therein to be prepaid shall become due and  payable on the date specified therein for such prepayment (except that any notice of prepayment in  connection with the refinancing of all or any portion of the Facilities may be contingent upon the  consummation of such refinancing).               (c)   Prepayment Premiums.                 (i)   In the event that, within 6 months of the Amendment No. 5 Effective Date, (x)  the U.S. Borrower makes any prepayment of U.S. Term B-2 Loans in connection with any Repricing  Transaction, or (y) effects any amendment of this Agreement resulting in a Repricing Transaction, the  U.S. Borrower shall pay to the Agent, for the account of each U.S. Term B-2 Lender (including any  Lender that is required to assign its Loans pursuant to Section 9.02(e) in connection therewith but not its  assignee), (I) in the case of clause (x), a prepayment premium of 1% of the amount of such Lender’s U.S.  Term B-2 Loans being repaid in connection with such Repricing Transaction and (II) in the case of clause  (y), a payment equal to 1% of the aggregate amount of such Lender’s U.S. Term B-2 Loans that are  subject to such Repricing Transaction and outstanding immediately prior to such amendment.               (ii)  In the event that, within 6 months of the Amendment No. 6 Effective Date, (x)  the U.S. Borrower makes any prepayment of U.S. Term B-3 Loans in connection with any Repricing  Transaction, or (y) effects any amendment of this Agreement resulting in a Repricing Transaction, the  U.S. Borrower shall pay to the Agent, for the account of each U.S. Term B-3 Lender (including any  Lender that is required to assign its Loans pursuant to Section 9.02(e) in connection therewith but not its  assignee), (I) in the case of clause (x), a prepayment premium of 1% of the amount of such Lender’s U.S.  Term B-3 Loans being repaid in connection with such Repricing Transaction and (II) in the case of clause  (y), a payment equal to 1% of the aggregate amount of such Lender’s U.S. Term B-3 Loans that are  subject to such Repricing Transaction and outstanding immediately prior to such amendment.              (iii)  In the event that, within 6 months of the Incremental Amendment No. 8 Effective  Date, (x) the U.S. Borrower makes any prepayment of U.S. Term B-4 Loans in connection with any  Repricing Transaction, or (y) effects any amendment of this Agreement resulting in a Repricing  Transaction, the U.S. Borrower shall pay to the Agent, for the account of each U.S. Term B-4 Lender  (including any Lender that is required to assign its Loans pursuant to Section 9.02(e) in connection  therewith but not its assignee), (I) in the case of clause (x), a prepayment premium of 1% of the amount of  such Lender’s U.S. Term B-4 Loans being repaid in connection with such Repricing Transaction and (II)      

 

    in the case of clause (y), a payment equal to 1% of the aggregate amount of such Lender’s U.S. Term B-4  Loans that are subject to such Repricing Transaction and outstanding immediately prior to such  amendment.               (d)   In addition to any prepayment of Term Loans pursuant to Section 2.08(b), any  Borrower may at any time prepay Term Loans of any Class of any Lender at such price or prices as may  be mutually agreed by the Borrower and such Lender (which, for avoidance of doubt, may be a  prepayment at a discount to par), pursuant to individually negotiated transactions with any Lender or  offers to prepay that are open to all Lenders of Term Loans of any Class selected by such Borrower so  long as (i) at the time of, and after giving effect to, any such prepayment pursuant to this Section 2.08(d),  no Event of Default has occurred and is continuing, (ii) no proceeds of Revolving Loans are utilized to  fund any such prepayment and (iii) such Borrower and each Lender whose Term Loans are to be prepaid  pursuant to this Section 2.08(d) execute and deliver to the Agent an instrument identifying the amount of  Term Loans of each Class of each such Lender to be so prepaid, the date of such prepayment and the  prepayment price therefor.  The principal amount of any Term Loans of any Class prepaid pursuant to this  paragraph (d) shall reduce remaining scheduled amortization for such Class of Term Loans on a pro rata  basis.               (e)   Notwithstanding anything in this Agreement to the contrary, in the event that on  any date, an outstanding Term Loan of a Lender would otherwise be prepaid pursuant to Section 2.08(b),  2.08(d) or 2.09 from the proceeds of any new Term Loans to be established on such date, then, if agreed  to by the Borrower and such Lender in writing delivered to the Agent, such outstanding Term Loan of  such Lender may be converted on a “cashless roll” basis into a new Term Loan being established on such  date.               SECTION 2.09  Mandatory Prepayment of Loans.               (a)   Subject to clause (d) below, no later than three Business Days after the earlier of  (i) ninety (90) days after the end of each fiscal year of the U.S. Borrower, commencing with the fiscal  year ending on or around September 30, 2017 (or, (x) solely with respect to the U.S. Term B-2 Loans and  the U.S. Term B-3 Loans, commencing with the fiscal year ending on or around September 30, 2018 and  (y) solely with respect to the U.S. Term B-4 Loans, commencing with the fiscal year ending on or around  September 30, 2020), and (ii) the date on which the financial statements with respect to such fiscal year  are delivered pursuant to Section 5.01(a) (the “Excess Cash Flow Application Date”), the U.S. Borrower  shall prepay (or cause the other Borrowers to prepay) outstanding Term Loans in an aggregate principal  amount equal to the ECF Percentage for the Excess Cash Flow Period then ended; provided that no such  prepayment shall be required for any Excess Cash Flow Period to the extent Excess Cash Flow for such  Excess Cash Flow Period was less than $10,000,000; provided, further, that the amount of such  prepayment shall be further reduced (without duplication of any amount that has reduced the amount of  Loans required to be prepaid pursuant to this clause (a) in any other year) by an amount equal to the  amount of Loans prepaid pursuant to Section 2.08 during the time period commencing at the beginning of  the Excess Cash Flow Period with respect to which such prepayment is required and ending on the day  preceding the Excess Cash Flow Application Date (other than a prepayment of Revolving Loans except to  the extent accompanied by a corresponding reduction in the amount of the Revolving Commitments and,  in the case of a prepayment of Term Loans pursuant to Section 2.08(d), limited to the amount of cash  expended), other than prepayments funded with the proceeds of the incurrence of long-term Indebtedness  (other than under any revolving credit facility).               (b)   Subject to clause (d) below, on each occasion that a Prepayment Event occurs,  the U.S. Borrower shall (or shall cause the other Borrowers to) within five Business Days after the  occurrence of such Prepayment Event (or, in the case of Deferred Net Cash Proceeds, within five      

 

    Business Days after the last day of the Reinvestment Period relating to such Prepayment Event), prepay,  in accordance with clause (c) below, a principal amount of Term Loans (or, at the election of the U.S.  Borrower in connection with a Debt Incurrence Prepayment Event, reduce an amount of Revolving  Commitments) equal to 100% of the Net Cash Proceeds from such Prepayment Event; provided that no  prepayment shall be required as a result of any Asset Sale Prepayment Event until the aggregate amount  of Net Cash Proceeds from all Asset Sale Prepayment Events following the Closing Date that have not  previously been applied to prepay Loans in accordance with this Section 2.09 exceeds $100.0 million and  then only the excess over $100.0 million shall be required to be applied to prepay Loans; provided further  that with respect to the Net Cash Proceeds of an Asset Sale Prepayment Event or Casualty Event, the U.S.  Borrower may use a portion of such Net Cash Proceeds to prepay or repurchase other Indebtedness (other  than Loans)  secured on a pari passu basis with the Obligations (and, in the case of any revolving  Indebtedness, to correspondingly reduce commitments) to the extent the U.S. Borrower is required to  prepay such other Indebtedness as a result of such Prepayment Event, in each case in an amount not to  exceed the product of (x) the amount of such Net Cash Proceeds multiplied by (y) a fraction, the  numerator of which is the outstanding principal amount of such other Indebtedness and the denominator  of which is the sum of the outstanding principal amount of such other Indebtedness and the outstanding  principal amount of Term Loans.               (c)   The U.S. Borrower shall deliver to the Agent, at the time of each prepayment  required under Section 2.09(a) or (b), (i) a certificate signed by a Financial Officer of the U.S. Borrower  setting forth in reasonable detail the calculation of the amount of such prepayment and (ii) to the extent  practicable, at least three (3) Business Days prior written notice of such prepayment.  Amounts required  to be applied to the prepayment of Term Loans in accordance with clauses (a) and (b) above shall be  applied pro rata to prepay Term Loans under the Term Loan Facilities (based on the Dollar Equivalent  amount of Term Loans outstanding under each Term Facility on the date of prepayment) and shall be  applied to scheduled amortization of such Term Loans as directed by the U.S. Borrower; provided that  notwithstanding the foregoing, the U.S. Borrower may elect in its sole discretion to apply the Net Cash  Proceeds from any Debt Incurrence Prepayment Event to prepay any Class of Term Loans (or to reduce  any Class of Revolving Commitments) selected by the U.S. Borrower.  Each notice of prepayment shall  specify the prepayment date, the Type of each Loan being prepaid and the principal amount of each Loan  (or portion thereof) to be prepaid.  Prepayments shall be accompanied by accrued interest as required by  Section 2.11.  All prepayments of Borrowings under this Section 2.09 shall be subject to Section 2.14  (and, in the case of a Repricing Transaction, Section 2.08(c)), but shall otherwise be without premium or  penalty.               (d)   If at any time the Agent notifies the U.S. Borrower that the aggregate Dollar  Equivalent of Revolving Outstandings under any Revolving Facility exceeds the aggregate Revolving  Commitments under such Revolving Facility at such time, each Borrower under such Revolving Facility  shall forthwith prepay on a pro rata basis with any other Borrower under such Revolving Facility an  amount of Revolving Loans made to such Borrower under such Revolving Facility then outstanding in an  aggregate amount with respect to the Borrower(s) under such Revolving Facility equal to such excess;  provided, however, that, to the extent such excess results solely by reason of a change in exchange rates,  no Borrower shall be required to make such prepayment unless the amount of such excess causes the  Revolving Outstandings under such Revolving Facility to exceed 105% of the Revolving Commitments  under such Revolving Facility.  If any such excess remains after prepayment in full of the aggregate  outstanding Revolving Loans under the applicable Revolving Facility, each applicable Borrower shall  provide cash collateral on a pro rata basis with any other Borrower under such Revolving Facility for the  Letters of Credit issued for the account of such Borrower under such Revolving Facility in the manner set  forth in Section 2.04(j) in an aggregate amount with respect to the Borrower(s) under such Revolving  Facility equal to such excess.      

 

                (e)   Notwithstanding any other provisions of this Section 2.09, (A) to the extent that  any of or all the Net Cash Proceeds of any Asset Sale Prepayment Event by a Foreign Subsidiary giving  rise to a prepayment pursuant to Section 2.09(b) (a “Foreign Prepayment Event”) or Excess Cash Flow  are prohibited or delayed by any Requirement of Law from being repatriated to a Borrower with respect  to Term Loans in an aggregate principal amount equal to the ECF Percentage for the Excess Cash Flow  Period then ended, the portion of such Net Cash Proceeds or Excess Cash Flow so affected will not be  required to be applied to repay Term Loans at the times provided in this Section 2.09, as the case may be,  and such amounts may be retained by the applicable Foreign Subsidiary so long, but only so long, as the  applicable Requirement of Law will not permit repatriation to a Borrower (the Borrowers hereby agreeing  to cause the applicable Foreign Subsidiary to promptly take all actions reasonably required by the  applicable Requirement of Law to permit such repatriation), and once such repatriation of any of such  affected Net Cash Proceeds or Excess Cash Flow is permitted under the applicable Requirement of Law,  such repatriation will be promptly effected and such repatriated Net Cash Proceeds or Excess Cash Flow  will be promptly (and in any event not later than three Business Days after such repatriation) applied (net  of additional taxes payable or reserved against as a result thereof) to the repayment of the Term Loans  pursuant to Section 2.09 and (B) to the extent that and for so long as a Borrower has determined in good  faith that repatriation of any of or all the Net Cash Proceeds of any Foreign Prepayment Event or Excess  Cash Flow would have a material adverse tax consequence to the U.S. Borrower and its Subsidiaries  (taking into account any foreign tax credit or benefit actually realized in connection with such  repatriation) with respect to such Net Cash Proceeds or Excess Cash Flow, the Net Cash Proceeds or  Excess Cash Flow so affected will not be required to be applied to repay Term Loans at the times  provided in this Section 2.09, and such amounts may be retained by the applicable Foreign Subsidiary;  provided that when such Borrower determines in good faith that repatriation of any of or all the Net Cash  Proceeds of any Foreign Prepayment Event or Excess Cash Flow would no longer have a material adverse  tax consequence to the U.S. Borrower and its Subsidiaries (taking into account any foreign tax credit or  benefit actually realized in connection with such repatriation) with respect to such Net Cash Proceeds or  Excess Cash Flow, such Net Cash Proceeds or Excess Cash Flow shall be promptly (and in any event not  later than three Business Days after such repatriation) applied (net of additional taxes payable or reserved  against as a result thereof) to the repayment of the Term Loans pursuant to this Section 2.09.               SECTION 2.10  Fees.               (a)   Commitment Fees.  The U.S. Borrower, agrees to pay, in Dollars in immediately  available funds, (i) to each Revolving Lender a commitment fee (a “Revolving Commitment Fee”) on the  Dollar Equivalent of the actual daily amount by which the Revolving Commitment of such Revolving  Lender under the applicable Revolving Facility exceeds such Revolving Lender’s (A) outstanding  principal amount of Revolving Loans under such Revolving Facility and (B) LC Exposure under such  Revolving Facility, in each case, from the date hereof through the Revolving Credit Termination Date for  such Revolving Facility at the Applicable Rate, payable in arrears (x) for the preceding calendar quarter,  no later than the tenth Business Day of each calendar quarter, commencing on the first such Business Day  following the Closing Date and (y) on the Revolving Credit Termination Date for such Revolving  Facility.               (b)   Letter of Credit Fees.  Each Borrower agrees to pay, in immediately available  funds, the following amounts denominated in Dollars with respect to Letters of Credit issued by any  Issuing Bank at the request of such Borrower:               (i)   to each Issuing Bank with respect to each Letter of Credit issued by such Issuing        Bank, an issuance fee equal to 0.125% per annum of the Dollar Equivalent of the maximum        undrawn amount of such Letter of Credit, payable in arrears (A) for the preceding calendar        quarter, no later than the tenth Business Day of each calendar quarter, commencing on the first      

 

          such Business Day following the issuance of such Letter of Credit and (B) on the Revolving        Credit Termination Date for the Revolving Facility under which such Letter of Credit was issued;               (ii)  to the Agent for the ratable benefit of the Revolving Lenders under any        Revolving Facility under which a Letter of Credit was issued, a fee (a “Revolving LC Fee”)        accruing at a rate per annum equal to the Applicable Rate for each Letter of Credit calculated on        the Dollar Equivalent of the maximum undrawn face amount of such Letter of Credit, payable in        arrears (A) no later than the tenth Business Day of each calendar quarter, commencing on the first        such Business Day following the issuance of such Letter of Credit and (B) on the Revolving        Credit Termination Date for the Revolving Facility under which such Letter of Credit was issued;        and              (iii)  to each Issuing Bank with respect to any Letter of Credit issued by it, with        respect to the issuance, amendment or transfer of each Letter of Credit and each drawing made        thereunder, documentary and processing charges in accordance with such Issuing Bank’s standard        schedule for such charges in effect at the time of issuance, amendment, transfer or drawing, as the        case may be.               (c)   Additional Fees.  The U.S. Borrower shall pay to the Agent additional fees as  have been separately agreed between the U.S. Borrower and the Agent.               SECTION 2.11  Interest.               (a)   Rate of Interest.               (i)   Subject to the terms and conditions set forth in this Agreement at the option of  the applicable Borrower, (A) all Loans denominated in Dollars shall be made as Base Rate Loans or  Eurocurrency Rate Loans, (B) all Loans denominated in Canadian Dollars shall be made as Canadian  Base Rate Loans or BA Rate Loans and (C) all Loans denominated in any currency other than Dollars or  Canadian Dollars shall be made as Eurocurrency Rate Loans.               (ii)  All Loans shall bear interest on the unpaid principal amount thereof which shall  accrue and be payable in the currency in which such Loan is denominated from the date such Loans are  made as follows:               (A)   if a Base Rate Loan, at a rate per annum equal to the sum of (1) the Base Rate as        in effect from time to time and (2) the Applicable Rate in effect from time to time;               (B)   if a Canadian Base Rate Loan, at a rate per annum equal to the sum of (1) the        Canadian Base Rate in effect from time to time and (2) the Applicable Rate in effect from time to        time;               (C)   if a Eurocurrency Rate Loan, at a rate per annum equal to the sum of (A) the        Eurocurrency Rate determined for the applicable Eurocurrency Interest Period and (B) the        Applicable Rate in effect from time to time during such Eurocurrency Interest Period;               (D)   if a BA Rate Loan, at a rate per annum equal to the sum of (A) the BA Rate        determined for the applicable BA Interest Period and (B) the Applicable Rate in effect from time        to time during such BA Interest Period.       

 

                (b)   Interest Payments.  (i) Interest accrued on each Base Rate Loan or Canadian Base  Rate Loan shall be payable in arrears (A) for the preceding calendar quarter, no later than the fourth  Business Day of each calendar quarter, commencing on the first such day following the making of such  Base Rate Loan or Canadian Base Rate Loan, (B) in the case of Base Rate Loans that are Term Loans,  upon the payment or prepayment thereof in full or in part and (C) if not previously paid in full, at maturity  (whether by acceleration or otherwise) of such Base Rate Loan or Canadian Base Rate Loan, (ii) interest  accrued on each Eurocurrency Rate Loan and each BA Rate Loan shall be payable in arrears (A) on the  last day of each Interest Period applicable to such Loan and, if such Interest Period has a duration of more  than three months, on each date during such Interest Period occurring every three months from the first  day of such Interest Period, (B) upon the payment or prepayment thereof in full or in part and (C) if not  previously paid in full, at maturity (whether by acceleration or otherwise) of such Eurocurrency Rate  Loan or BA Rate Loan, as the case may be and (iii) interest accrued on the amount of all other  Obligations shall be payable on demand from and after the time such Obligation becomes due and  payable (whether by acceleration or otherwise).               (c)   Default Interest.  If all or a portion of (i) the principal amount of any Loan or any  LC Disbursement or (ii) any interest payable thereon, Commitment Fees or LC Fees shall not be paid  when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear  interest at a rate per annum that is (x) in the case of overdue principal, the rate that would otherwise be  applicable thereto plus 2%, (y) in the case of any LC Disbursement, at the rate applicable under Section  2.04(h) plus 2% and (z) in the case of any overdue interest, Commitment Fees or LC Fees, to the extent  permitted by applicable law, the rate described in Section 2.10 or Section 2.11(a), as applicable, plus 2%  from and including the date of such non-payment to but excluding the date on which such amount is paid  in full (after as well as before judgment).               (d)   Criminal Interest Rate/Interest Act (Canada).               (i)   For purposes of the Interest Act (Canada), whenever any interest is calculated on  the basis of a period of time other than a year of 365 or 366 days, as applicable, the annual rate of interest  to which each rate of interest utilized pursuant to such calculation is equivalent to such rate so utilized  multiplied by the actual number of days in the calendar year in which the same is to be ascertained and  divided by the number of days used in such calculation.  The principle of deemed reinvestment of interest  will not apply to any interest calculation under the Loan Documents, and the rates of interest stipulated in  this Agreement are intended to be nominal rates and not effective rates or yields.               (ii)  If any provision of this Agreement or any of the other Loan Documents would  obligate the Canadian Borrower to make any payment of interest or other amount payable to any Lender  under any Loan Documents in an amount or calculated at a rate which would be prohibited by law or  would result in a receipt by that Lender of interest at a criminal rate (as construed under the Criminal  Code (Canada)), then notwithstanding that provision, that amount or rate shall be deemed to have been  adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would  not be so prohibited by law or result in a receipt by that Lender of interest at a criminal rate, the  adjustment to be effected, to the extent necessary, (A) first, by reducing the amount or rate of interest  required to be paid to the affected Lender under this Section 2.11 and (B) thereafter, by reducing any fees,  commissions, premiums and other amounts required to be paid to the affected Lender which would  constitute interest for purposes of Section 347 of the Criminal Code (Canada).              (iii)  Notwithstanding clause (d)(ii), and after giving effect to all adjustments  contemplated thereby, if any Lender shall have received an amount in excess of the maximum permitted  by the Criminal Code (Canada), then the Canadian Borrower shall be entitled, by notice in writing to the  affected Lender, to obtain reimbursement from that Lender in an amount equal to the excess, and pending      

 

    reimbursement, the amount of the excess shall be deemed to be an amount payable by that Lender to the  Canadian Borrower.              (iv)   Any amount or rate of interest referred to in this Section 2.11(d) shall be  determined in accordance with generally accepted actuarial practices and principles as an effective annual  rate of interest over the term of the Agreement on the assumption that any charges, fees or expenses that  fall within the meaning of interest (as defined in the Criminal Code (Canada)) shall be prorated over that  period of time and, in the event of a dispute, a certificate of a Fellow of the Canadian Institute of  Actuaries appointed by the Agent shall be conclusive for the purposes of that determination.               SECTION 2.12  Conversion/Continuation Options.               (a)   (i) Each Borrower may elect (x) at any time on any Business Day to convert Base  Rate Loans or any portion thereof to Eurocurrency Rate Loans or (y) at the end of any Eurocurrency  Interest Period applicable to any Loan that is denominated in Dollars, to convert such Loan into a Base  Rate Loan, (ii) the U.S. Borrower or the Canadian Borrower may elect (x) at any time on any Business  Day to convert Canadian Base Rate Loans to BA Rate Loans or (y) at the end of any BA Interest Period,  to convert BA Rate Loans to Canadian Base Rate Loans, (iii) each applicable Borrower may elect at the  end of any applicable Interest Period, to continue Eurocurrency Rate Loans or BA Rate Loans or any  portion thereof for an additional Interest Period; provided, however, that in the case of clauses (i) and (ii)  above the aggregate amount of the Eurocurrency Rate Loans or BA Rate Loans, as the case may be, for  each Interest Period shall not be less than the Minimum Currency Threshold.  Each conversion or  continuation shall be allocated among the Loans of each Lender in accordance with such Lender’s  Ratable Portion.  Each such election shall be in substantially the form of Exhibit G and shall be made by  giving the Agent prior written notice by 12:00 noon (New York City time) at least three Business Days in  advance specifying (A) the amount and type of Loan being converted or continued, (B) in the case of a  conversion to or a continuation of Eurocurrency Rate Loans or BA Rate Loans, the applicable Interest  Period and (C) in the case of a conversion, the date of such conversion.               (b)   The Agent shall promptly notify each applicable Lender of its receipt of an  Interest Election Request and of the options selected therein.  Notwithstanding the foregoing, (i) Loans  denominated in any currency other than Dollars may not be converted to Base Rate Loans, (ii) Loans  denominated in any currency other than Canadian Dollars may not be converted to Canadian Base Rate  Loans or BA Rate Loans, (iii) Loans denominated in Canadian Dollars may not be converted into  Eurocurrency Rate Loans, (iv) no (A) conversion in whole or in part of Base Rate Loans to Eurocurrency  Rate Loans or Canadian Base Rate Loans to BA Rate Loans, (B) continuation in whole or in part of  Eurocurrency Rate Loans denominated in Dollars or BA Rate Loans upon the expiration of any applicable  Interest Period or (C) continuation of any Eurocurrency Rate Loan denominated in any currency other  than Dollars for a Eurocurrency Interest Period of other than one month’s duration, in each case, shall be  permitted at any time at which (I) an Event of Default shall have occurred and be continuing and the  Agent or the Required Lenders shall have determined not to permit such continuation or conversion or (II)  the continuation of, or conversion into, a Eurocurrency Rate Loan or BA Rate Loans would violate any  provision of Section 2.14(b).  If, within the time period required under the terms of this Section 2.12, the  Agent does not receive an Interest Election Request from the applicable Borrower containing a permitted  election to continue any Eurocurrency Rate Loans or BA Rate Loans for an additional Interest Period or  to convert any such Loans, then, upon the expiration of the applicable Interest Period, Loans denominated  in Dollars shall be automatically converted into Base Rate Loans, Loans denominated in Canadian  Dollars shall be automatically converted into Canadian Base Rate Loans and Loans denominated in any  currency other than Dollars or Canadian Dollars shall be automatically continued as Eurocurrency Rate  Loans with a Eurocurrency Interest Period of one month.  Each Interest Election Request shall be  irrevocable.      

 

                SECTION 2.13  Payments and Computations.               (a)   Each Borrower shall make each payment hereunder (including fees and  expenses) not later than (x) 1:00 p.m. (London time) in the case of Loans denominated in Euro, Sterling  or Yen or (y) 1:00 p.m. (New York City time) in the case of Loans denominated in any other currency, in  each case on the day when due, in the currency specified herein (or, if no such currency is specified, in  Dollars), except as specified in the following sentence, to the Agent at the Agent’s Office for payments in  such currency in immediately available funds without setoff or counterclaim.  The Agent shall promptly  thereafter cause to be distributed immediately available funds relating to the payment of principal, interest  or fees to the Applicable Lending Offices of the applicable Lenders for such payments ratably in  accordance with the amount of such principal, interest or fees due and owing to such Lenders on such  date; provided, however, that (x) amounts payable pursuant to Section 2.14 or Section 2.15 shall be paid  only to the affected Issuing Bank, Lender or Lenders and (y) amounts payable to the Issuing Banks in  accordance with Section 2.10 shall be paid directly to such Issuing Banks.  Payments received by the  Agent after (x) 1:00 p.m. (London time) in the case of Loans denominated in Euro, Sterling or Yen or (y)  1:00 p.m. (New York City time) in the case of Loans denominated in any other currency, shall, at the  option of the Agent, be deemed to be received on the next Business Day.               (b)   All computations of interest and of fees shall be made by the Agent on the basis  of a year of 360 days (other than computations of interest (i) for Base Rate Loans calculated by reference  to the Prime Rate, Canadian Base Rate Loans and Loans denominated in Sterling which shall be made by  the Agent on the basis of a year of 365 or 366 days, as the case may be, and (ii) for BA Rate Loans which  shall be made by the Agent on the basis of a year of 365 days), in each case, for the actual number of days  (including the first day but excluding the last day) occurring in the period for which such interest and fees  are payable.  Each determination by the Agent of a rate of interest hereunder shall be conclusive and  binding for all purposes, absent manifest error.               (c)   Except as otherwise provided herein, each payment by a Borrower with respect  to any Loan or Letter of Credit and each reimbursement of reimbursable expenses or indemnified  liabilities shall be made in the currency in which such Loan was made, such Letter of Credit issued or  such expense or liability was incurred.               (d)   Whenever any payment hereunder shall be stated to be due on a day other than a  Business Day, the due date for such payment shall be extended to the next succeeding Business Day, and  such extension of time shall in such case be included in the computation of payment of interest or fees, as  the case may be; provided, however, that, if such extension would cause payment of interest on or  principal of any Eurocurrency Rate Loan to be made in the next calendar month, such payment shall be  made on the immediately preceding Business Day.  All repayments of any Revolving Loans or Term  Loans that are denominated in Dollars or Canadian Dollars shall be applied as follows:  first, to repay  such Loans outstanding as Base Rate Loans or Canadian Base Rate Loans, as applicable, and second, to  repay such Loans outstanding as Eurocurrency Rate Loans or BA Rate Loans, with those Eurocurrency  Rate Loans or BA Rate Loans having earlier expiring Interest Periods being repaid prior to those having  later expiring Interest Periods.               (e)   Unless the Agent shall have received notice from any Borrower to the Lenders  prior to the date on which any payment is due hereunder that such Borrower will not make such payment  in full, the Agent may assume that such Borrower has made such payment in full to the Agent on such  date and the Agent may, in reliance upon such assumption, cause to be distributed to each applicable  Lender on such due date an amount equal to the amount then due such Lender.  If and to the extent that  such Borrower shall not have made such payment in full to the Agent, each applicable Lender shall repay  to the Agent forthwith on demand such amount distributed to such Lender together with interest thereon      

 

    (at the Interbank Rate for the first Business Day, and, thereafter, at the rate applicable to Base Rate  Loans) for each day from the date such amount is distributed to such Lender until the date such Lender  repays such amount to the Agent.               SECTION 2.14  Increased Costs; Change of Law, Etc.               (a)   Determination of Interest Rate.  Each of the (i) Eurocurrency Rate for each  Eurocurrency Interest Period for Eurocurrency Rate Loans and (ii) the BA Rate for each BA Interest  Period for BA Rate Loans shall be determined by the Agent pursuant to the procedures set forth in the  definition of “Eurocurrency Rate” or “BA Rate,” as applicable.                (b)   Interest Rate Unascertainable, Inadequate or Unfair.  In the event that (i) the  Agent determines that adequate and fair means do not exist for ascertaining the applicable interest rates  by reference to which the Eurocurrency Rate or the BA Rate then being determined is to be fixed;  provided that no Benchmark Transition Event shall have occurred at such time or (ii) the Required Class  Lenders of the affected Facility notify the Agent that the Eurocurrency Rate or the BA Rate for any  Interest Period will not adequately reflect the cost to the Lenders of making or maintaining such Loans in  the applicable currency for such Interest Period, the Agent shall forthwith so notify the U.S. Borrower and  the Lenders, whereupon (x) each affected Eurocurrency Rate Loan denominated in Dollars shall  automatically, on the last day of the current Interest Period for such Loan, convert into a Base Rate Loan  and the obligations of the Lenders to make Eurocurrency Rate Loans denominated in Dollars or to convert  Base Rate Loans into Eurocurrency Rate Loans shall be suspended until the Agent shall notify the U.S.  Borrower that the Required Class Lenders under the affected Facility have determined that the  circumstances causing such suspension no longer exist, (y) each BA Rate Loan shall automatically, on the  last day of the current Interest Period for such Loan, convert into a Canadian Base Rate Loan and the  obligations of the Revolving Lenders to make BA Rate Loans or to convert Canadian Base Rate Loans  into BA Rate Loans shall be suspended until the Agent shall notify the U.S. Borrower that the Required  Class Lenders under the affected Facility have determined that the circumstances causing such suspension  no longer exist and (z) each Eurocurrency Rate Loan that is denominated in a currency other than Dollars,  the affected Eurocurrency Rate Loans shall be made or continued, as the case may be, as Eurocurrency  Rate Loans with an Interest Period of one month and the amount of interest payable in respect of any such  Eurocurrency Rate Loan shall be determined in accordance with the following provisions:               (i)   if the Agent so requires, within five days of such notification the Agent and the        applicable Borrower, as applicable, shall enter into negotiations with a view to agreeing on a        substitute basis for determining the rate of interest (a “Substitute Interest Rate”) which may be        applicable to affected Eurocurrency Rate Loans of such Borrower in the future and any such        Substitute Interest Rate that is agreed shall take effect in accordance with its terms and be binding        on each party hereto; provided that the Agent may not agree on any such Substitute Interest Rate        without the prior consent of the Required Class Lenders under the affected Facility;               (ii)  if no Substitute Interest Rate is agreed pursuant to clause (i) above, any affected        Eurocurrency Rate Loan shall bear interest during the subsequent Interest Period at the rate per        annum otherwise applicable to Eurocurrency Rate Loans under such Facility, except that in the        place of the Eurocurrency Rate, in respect of Eurocurrency Rate Loans denominated in any        currency other than Dollars, the Agent shall use the cost to the applicable Lender (as conclusively        certified by such Lender in a certificate to the Agent and the applicable Borrower and expressed        as a rate per annum) and containing a general description of the source selected of funding such        Loan from whatever source it shall reasonably select; and       

 

               (iii)  if the Agent has required a Borrower to enter into negotiations pursuant to clause        (i) above, the Agent may (acting on the instructions of the Required Class Lenders under the        affected Facility) declare that no further Eurocurrency Rate Loans in the applicable currency shall        be converted, continued or made unless a Substitute Interest Rate has been agreed by the        applicable Borrower and the Agent within 30 days of the Agent having so required negotiations.               (c)   Increased Costs.               (i)   If any Change in Law shall:               (A)   impose, modify or deem applicable any reserve, special deposit or similar        requirement against assets of, deposits with or for the account of, or credit extended by, any        Lender or Issuing Bank (except any such reserve requirement reflected in the Eurocurrency Rate);                (B)   impose on any Lender (including any Issuing Bank) or the London interbank        market any other condition affecting this Agreement or Eurocurrency Rate Loans or BA Rate        Loans made by such Lender; or               (C)   subject any Lender (including any Issuing Bank) to any Taxes (other than        Indemnified Taxes indemnifiable under Section 2.15 or Excluded Taxes) on its Loans, Letters of        Credit, Commitments, or other obligations, or its deposits, reserves, other liabilities or capital        attributable thereto;   and the result of any of the foregoing shall be to increase the cost to such Lender of making or  maintaining any Loan or the cost to an Issuing Bank of issuing or maintaining Letters of Credit or to  reduce the amount of any sum received or receivable by such Lender or Issuing Bank hereunder (whether  of principal, interest or otherwise), then, following delivery of the certificate contemplated by paragraph  (iii) of this clause (c), the applicable Borrower will pay to such Lender or Issuing Bank in accordance  with clause (iii) below such additional amount or amounts as will compensate such Lender or Issuing  Bank for such additional costs incurred or reduction suffered, as reasonably determined by such Lender or  Issuing Bank (which determination shall be made in good faith (and not on an arbitrary or capricious  basis)) and in a manner consistent with similarly situated borrowers of such Lender or Issuing Bank as  applicable, under agreements having provisions similar to this Section 2.14.               (ii)  If any Lender or Issuing Bank determines that any Change in Law regarding  capital or liquidity requirements has or would have the effect of reducing the rate of return on such  Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this  Agreement or the Loans made by such Lender or Letters of Credit issued by such Issuing Bank to a level  below that which such Person or such Person’s holding company could have achieved but for such  Change in Law (taking into consideration such Person’s policies and the policies of such Person’s holding  company with respect to capital adequacy and liquidity), then from time to time following delivery of the  certificate contemplated by paragraph (iii) of this clause (c) of this Section 2.14 the applicable Borrower  will pay to such Lender or Issuing Bank in accordance with clause (iii) below such additional amount or  amounts as will compensate such Person or such Person’s holding company for any such reduction  suffered, as reasonably determined by such Lender or Issuing Bank (which determination shall be made in  good faith (and not on an arbitrary or capricious basis)) and in a manner consistent with similarly situated  borrowers of such Lender or Issuing Bank, as applicable, under agreements having provisions similar to  this Section 2.14.              (iii)  A certificate of a Lender or Issuing Bank setting forth the amount or amounts  necessary to compensate such Lender or Issuing Bank or its holding company as specified in paragraph (i)      

 

    or (ii) of this clause (c) and setting forth in reasonable detail the manner in which such amount or amounts  were determined shall be delivered to the applicable Borrower and shall be conclusive absent manifest  error.  The applicable Borrower shall pay such Lender or Issuing Bank the amount shown as due on any  such certificate within ten (10) days after receipt thereof.              (iv)   Failure or delay on the part of any Lender or Issuing Bank to demand  compensation pursuant to this clause (c) shall not constitute a waiver of such Person’s right to demand  such compensation; provided that no Borrower shall be required to compensate a Lender or Issuing Bank  pursuant to this clause (c) for any increased costs or reductions incurred more than 180 days prior to the  date that such Lender or Issuing Bank notifies such Borrower of the Change in Law giving rise to such  increased costs or reductions and of such Person’s intention to claim compensation therefor; provided,  further, that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the  180-day period referred to above shall be extended to include the period of retroactive effect thereof.               (d)   Illegality.  Notwithstanding any other provision of this Agreement, if any Lender  determines that the introduction of, or any change in or in the interpretation of, any law, treaty or  governmental rule, regulation or order after the date of this Agreement shall make it unlawful, or any  central bank or other Governmental Authority shall assert that it is unlawful, for such Lender or its  Applicable Lending Office to make Eurocurrency Rate Loans or BA Rate Loans or to continue to fund or  maintain Eurocurrency Rate Loans or BA Rate Loans, then, on notice thereof and demand therefor by  such Lender to the U.S. Borrower through the Agent, (i) the obligation of such Lender to make or to  continue Eurocurrency Rate Loans or BA Rate Loans and to convert Base Rate Loans into Eurocurrency  Rate Loans or BA Rate Loans shall be suspended, and each such Lender shall make a Base Rate Loan or  Canadian Base Rate Loan, as applicable, as part of any requested Borrowing of Eurocurrency Rate Loans  or BA Rate Loans, (ii) if any affected Loans are then outstanding that are denominated in Dollars or  Canadian Dollars as Eurocurrency Rate Loans or BA Rate Loans, the applicable Borrower shall  immediately convert each such Loan into Base Rate Loans or Canadian Base Rate Loans, as applicable  and (iii) in the case of any affected Loans that are not denominated in Dollars or Canadian Dollars, such  Loans shall bear interest at an alternate rate determined by the Agent to adequately reflect such Lender’s  cost of capital.  If, at any time after a Lender gives notice under this clause (d), such Lender determines  that it may lawfully make Eurocurrency Rate Loans or BA Rate Loans, such Lender shall promptly give  notice of that determination to the U.S. Borrower and the Agent, and the Agent shall promptly transmit  the notice to each other Lender.  Each Borrower’s right to request, and such Lender’s obligation, if any, to  make Eurocurrency Rate Loans or BA Rate Loans, as applicable, shall thereupon be restored.               (e)   Breakage Costs.  In addition to all amounts required to be paid by the Borrowers  pursuant to Section 2.11, each Borrower shall compensate each Lender that has made a Loan to such  Borrower, upon written request in accordance with this paragraph (e), for all losses, expenses and  liabilities (including 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 Lender’s Eurocurrency Rate  Loans or BA Rate Loans to such Borrower but excluding any loss of the Applicable Rate on the relevant  Loans) that such Lender may sustain (i) if for any reason (other than by reason of such Lender being a  Non-Funding Lender) a proposed Borrowing, conversion into or continuation of Eurocurrency Rate  Loans or BA Rate Loans does not occur on a date specified therefor in a Borrowing Request or an Interest  Election Request given by a Borrower or in a telephonic request by it for borrowing or conversion or  continuation or a successive Interest Period does not commence after notice therefor is given pursuant to  Section 2.12, (ii) if for any reason any Eurocurrency Rate Loan or BA Rate Loan is repaid or prepaid  (including pursuant to Section 2.09) on a date that is not the last day of the applicable Interest Period, (iii)  as a consequence of a required conversion of a Eurocurrency Rate Loan or BA Rate Loan to a Base Rate  Loan or Canadian Base Rate Loans, as applicable, as a result of any of the events indicated in clause (d)  above or (iv) as a result of any assignment of any Eurocurrency Rate Loans or BA Rate Loans pursuant to      

 

    a request by the applicable Borrower pursuant to Section 2.17.  In the case of a Eurocurrency Rate Loan,  such loss, cost or expense to any Lender shall be deemed to be the amount determined by such Lender to  be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of  such Loan had such event not occurred, at the Eurocurrency Rate that would have been applicable to such  Loan for the period from the date of such event to the last day of the then current Interest Period therefor  (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest  Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for  such period at the interest rate which such Lender would bid were it to bid, at the commencement of such  period, for dollar deposits of a comparable amount and period from other banks in the eurodollar market.   For the purpose of calculating amounts payable to a Lender under this subsection, each Lender shall be  deemed to have actually funded its relevant BA Rate Loan through the purchase of a deposit bearing  interest at the BA Rate in an amount equal to the amount of that BA Rate Loan and having a maturity  comparable to the relevant BA Interest Period; provided that each Lender may fund each of its BA Rate  Loans in any manner it sees fit, and the foregoing assumption shall be utilized only for the calculation of  amounts payable under this subsection.  The applicable Borrower shall pay the applicable Lender the  amount shown as due on any certificate delivered to such Borrower and setting forth any amount or  amounts that such Lender is entitled to receive pursuant to this clause (e) and the basis therefor within ten  (10) days after receipt thereof; provided such certificate sets forth in reasonable detail the manner in  which such amount or amounts was determined.               (f)   Alternate Rate of Interest.               (i)   Notwithstanding anything to the contrary herein or in any other Loan Document,  upon the occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, the  Administrative Agent and the applicable Borrowers may amend this Agreement to replace the  Eurocurrency Rate or BA Rate, as applicable, with a Benchmark Replacement. Any such amendment  with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th)  Business Day after the Administrative Agent has posted such proposed amendment to all Lenders and the  Borrowers, so long as the Administrative Agent has not received, by such time, written notice of  objection to such proposed amendment from Lenders comprising the Required Class Lenders of each  Facility providing for Loans in the applicable currency; provided that, solely with respect to any Dollar- denominated Loans or Commitments, with respect to any proposed amendment containing any SOFR- Based Rate, the applicable Lenders shall be entitled to object only to the Benchmark Replacement  Adjustment contained therein.  Any such amendment with respect to an Early Opt-in Election will  become effective on the date that Lenders comprising the Required Class Lenders of each Facility  providing for Loans in the applicable currency have delivered to the Administrative Agent written notice  that such Required Class Lenders accept such amendment. No replacement of Eurocurrency Rate or BA  Rate, as applicable, with a Benchmark Replacement will occur prior to the applicable Benchmark  Transition Start Date.               (ii)  In connection with the implementation of a Benchmark Replacement, the  Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from  time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any  amendments implementing such Benchmark Replacement Conforming Changes will become effective  without any further action or consent of any other party to this Agreement.              (iii)  The Administrative Agent will promptly notify the applicable Borrowers and the  Lenders of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable,  (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark  Replacement Conforming Changes and (iv) the commencement or conclusion of any Benchmark  Unavailability Period.  Any determination, decision or election that may be made by the Administrative      

 

    Agent or Lenders pursuant to this Section 2.14, including any determination with respect to a tenor, rate  or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision  to take or refrain from taking any action, will be conclusive and binding absent manifest error and may be  made in its or their sole discretion and without consent from any other party hereto, except, in each case,  as expressly required pursuant to this Section 2.14.              (iv)   Upon the applicable Borrowers’ receipt of notice of the commencement of a  Benchmark Unavailability Period, (i) any Interest Election Request that requests the conversion of any  Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Eurocurrency Rate Borrowing  or BA Rate Borrowing, as applicable, shall be ineffective and (ii) (x) if any Borrowing Request requests a  Eurocurrency Rate Revolving Borrowing, such Borrowing shall be made as a Base Rate Borrowing and  (y) if any Borrowing Request requests a BA Rate Revolving Borrowing, such Borrowing shall be made as  a Canadian Base Rate Borrowing.               (v)   Notwithstanding anything to the contrary contained in this Agreement, this  Section 2.14(f) and each of the other Reference Rate Replacement Amendments shall become effective  on the Reference Rate Replacement Amendments Effective Date.               SECTION 2.15  Taxes.               (a)   Any and all payments by or on account of any obligation of any Borrower or any  other Loan Party under any Loan Document shall be made free and clear of and without deduction or  withholding for or on account of any Taxes unless a deduction or withholding is required by law;  provided that if any applicable withholding agent shall be required by law to deduct or withhold any  Taxes from any such payment, then (i) to the extent such Tax is an Indemnified Tax, the sum payable by  such Borrower or other Loan Party shall be increased as necessary so that after all such required  deductions or withholdings (including deductions or withholdings applicable to additional sums payable  under this Section 2.15) by the applicable withholding agent, the Lender (or, in the case of a payment  received by the Agent for its account, the Agent) receives an amount equal to the sum it would have  received had no such deductions or withholdings been made, (ii) the applicable withholding agent shall  make such required deductions or withholdings and (iii) the applicable withholding agent shall timely pay  the full amount deducted or withheld to the relevant Governmental Authority within the time allowed and  in accordance with applicable law.  If at any time a Borrower or a Loan Party is required by applicable  law to make any deduction or withholding from any sum payable under any Loan Document, such  Borrower or such Loan Party shall promptly notify the relevant Agent or Lender upon becoming aware of  the same.                 (b)   This Section 2.15(b) applies solely in respect of a Loan to the U.K. Borrower.               (i)   The U.K. Borrower is not required to make an increased payment to a Lender in  respect of any payment of interest on any Loan to the U.K. Borrower under Section 2.15(a) (or an  indemnity payment under Section 2.15(e)) for any deduction or withholding for or on account of any  Indemnified Taxes where that Tax is imposed by the United Kingdom if on the date on which the  payment falls due:                (A)   the payment could have been made to the relevant Lender without a deduction or        withholding for or on account of Indemnified Taxes if it was a U.K. Qualifying Lender, but on        that date that Lender is not or has ceased to be a U.K. Qualifying Lender other than as a result of        any Change in Law (including any change in any Treaty or in any published practice or        concession of any relevant taxing authority) after the date it became a Lender under this        Agreement; or       

 

                (B)   (1) the relevant Lender is a U.K. Qualifying Lender solely under subclause (i)(B)        of the definition of “U.K. Qualifying Lender”; and (2) an officer of HMRC has given (and not        revoked) a Direction under section 931 of the ITA 2007 (as that provision has effect on the date        on which the relevant Lender became a party to this Agreement) which relates to that payment        and that Lender has received from that Borrower a certified copy of that Direction; and (3) the        payment could have been made to the Lender without any deduction or withholding for or on        account of Taxes in the absence of that Direction; or                (C)   the relevant Lender is a U.K. Qualifying Lender solely under subclause (i)(B) of        the definition of “U.K. Qualifying Lender” and it has not, other than by reason of any change        after the date of this Agreement in (or in the interpretation, administration or application of) any        law, or any published practice or concession of any relevant Governmental Authority, given a        U.K. Tax Confirmation to a Borrower; or                (D)   the relevant Lender is a Treaty Lender and the relevant Borrower making the        payment is able to demonstrate that the payment could have been made to that Lender without the        deduction or withholding for or on account of any Taxes had that Lender complied with its        obligations under clauses (iii), (iv) and (v) below.               (ii)  Each Lender in respect of a Loan to the U.K. Borrower on the day on which this  Agreement is entered into, who is a U.K. Qualifying Lender solely under subparagraph (i)(B) of the  definition of “U.K. Qualifying Lender,” gives a U.K. Tax Confirmation to the U.K. Borrower by entering  into this Agreement.  A Lender in respect of a Loan to the U.K. Borrower who is a Qualifying Lender  under sub-paragraph (i)(B) of the definition of “U.K. Qualifying Lender” must promptly notify the Agent  of any change to its status that may affect any confirmation made by it.  A Lender in respect of a Loan to  the U.K. Borrower who has given and not revoked a U.K. Tax Confirmation as at the Closing Date shall  be deemed to have given a U.K. Tax Confirmation.              (iii)  Each Lender in respect of a Loan made to the U.K. Borrower that is a Treaty  Lender and does not hold or does not wish to use a passport under the HMRC DT Treaty Passport scheme  undertakes to use reasonable endeavors to process as soon as practicable the appropriate HMRC Form  DT-Company to enable interest on the Loan made by it to the U.K. Borrower under this Agreement to be  paid to it without any deduction or withholding for or on account of any Indemnified Taxes imposed by  the United Kingdom and, if appropriate, to seek, at the U.K. Borrower’s expense, a refund of any such tax  previously withheld (and in respect of which additional amounts have been paid by the U.K. Borrower  pursuant to this Section 2.15) from interest payments made to that Treaty Lender.              (iv)                   (A)   Subject to Section 2.15(b)(iv)(B) below, a Lender and each U.K. Borrower which        makes a payment to which that Lender is entitled shall co-operate promptly in completing any        procedural formalities necessary for that U.K. Borrower to obtain authorization to make that        payment without a U.K. Tax Deduction.               (B)   (1) A Lender which becomes a Party on the day on which this Agreement is        entered into that holds a passport under the HMRC DT Treaty Passport scheme, and which        wishes that scheme to apply to this Agreement, shall confirm its scheme reference number and its        jurisdiction of tax residence opposite its name in Schedule I.                     (2) A Lender that is not a party to this Agreement on the date on which this        Agreement is entered into that holds a passport under the HMRC DT Treaty Passport scheme, and      

 

          which wishes that scheme to apply to this Agreement, shall confirm its scheme reference number        and its jurisdiction of tax residence in the Assignment and Assumption, which it executes, or        otherwise in writing to the Agent or the U.K. Borrower on becoming a party to this Agreement,                      and, having done so, that Lender shall be under no obligation pursuant to Section        2.15(b)(iv)(A).               (v)   If a Lender has confirmed its scheme reference number and its jurisdiction of tax        residence in accordance with paragraph (iv) above and (i) the U.K. Borrower making a payment        to that Lender has not made a Borrower DTTP Filing in respect of that Lender; or (ii) the U.K.        Borrower making a payment to that Lender has made a Borrower DTTP Filing in respect of that        Lender but (A) that Borrower DTTP Filing has been rejected by HMRC; or (B) HMRC has not        given the Borrower authority to make payments to that Lender without a U.K. Tax Deduction        within 60 days of the date of the Borrower DTTP Filing, and in each case the U.K. Borrower has        notified that Lender in writing, that Lender and the U.K. Borrower shall co-operate in completing        any additional procedural formalities necessary for the U.K. Borrower to make that payment        without a U.K. Tax Deduction.              (vi)   If a Lender has not confirmed its scheme reference number and jurisdiction of tax        residence in accordance with paragraph (iv) above, the U.K. Borrower shall not make a Borrower        DTTP Filing or file any other form relating to the HMRC DT Treaty Passport scheme in respect        of that Lender’s Commitment(s) or its participation in any Loan unless the Lender otherwise        agrees.              (vii)  The U.K. Borrower shall, promptly on making a Borrower DTTP Filing, deliver        a copy of that Borrower DTTP Filing to the Agent for delivery to the relevant Lender.               (c)   This Section 2.15(c) applies solely in respect of a Loan to an Irish Borrower.                 (i)   No Irish Borrower is required to make any increased payment to a Lender in  respect of any payment of interest on any Loan to such  Irish Borrower under Section 2.15 (a) (or an  indemnity payment under Section 2.15(e)) for any deduction or withholding for or on account of  Indemnified Taxes imposed by Ireland if on a date on which the payment falls due:                (A)   the payment could have been made to the Lender without a deduction or        withholding for or on account of Indemnified Taxes if it was an Irish Qualifying Lender, but on        that date that Lender is not or has ceased to be an Irish Qualifying Lender other than as a result of        any Change in Law (including any change in any Treaty to which Ireland is a party or in any        published practice or concession of any relevant taxing authority) that occurred after the Closing        Date; or                (B)   the relevant Lender is an Irish Qualifying Lender by reason of paragraph (e) of        that definition and the Borrower making the payment is able to demonstrate that the payment        could have been made to that Lender without the deduction or withholding for or on account of        any Taxes had that Lender complied with its obligations under clause (g) below.               (ii)  Each Lender in respect of a Loan to an Irish Borrower on the day on which this  Agreement is entered into, gives an Irish Tax Confirmation by entering into this Agreement.  Any Lender  in respect of a Loan to an Irish Borrower who is an Irish Qualifying Lender must promptly notify the  Agent of any change to its status that may affect the Irish Tax Confirmation made by it.      

 

                (d)   The Borrowers and the other Loan Parties shall pay to the relevant Governmental  Authority in accordance with applicable law, or at the option of the Agent timely reimburse it for the  payment of, any Other Taxes.               (e)   Each Borrower and each other Loan Party shall severally, and not jointly,  indemnify the Agent and each Lender, within ten (10) days after written demand therefor, for the full  amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to  amounts payable under this Section 2.15) payable or paid by such Agent or Lender or required to be  withheld or deducted from a payment to such Agent or Lender and any reasonable expenses arising  therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally  imposed or asserted by the relevant Governmental Authority.  A certificate as to the amount of such  payment or liability delivered to the applicable Borrower by a Lender, or by the Agent on its own behalf  or on behalf of any Lender, shall be conclusive absent manifest error.               (f)   As soon as practicable after any payment of any Taxes by a Borrower or other  Loan Party to a Governmental Authority pursuant to this Section 2.15, such Borrower or other Loan Party  shall deliver to the Agent the original or a certified copy of a receipt issued by such Governmental  Authority evidencing such payment, a copy of the return reporting such payment or other evidence of  such payment reasonably satisfactory to the Agent.               (g)                  (i)   Each Lender that is legally entitled to an exemption from or reduction of  withholding tax with respect to any payments made under any Loan Document shall deliver to the  applicable Borrower and the Agent, at the time or times reasonably requested by the applicable Borrower  or the Agent, such properly completed and executed documentation reasonably requested by such  Borrower or the Agent as will permit such payments to be made without withholding or at a reduced rate  of withholding.  In addition, any Lender, if reasonably requested by the applicable Borrower or the Agent,  shall deliver such other documentation prescribed by applicable law or reasonably requested by a  Borrower or the Agent as will enable such Borrower or the Agent to determine whether or not such  Lender is subject to backup withholding or information reporting requirements.  Notwithstanding  anything to the contrary in the preceding two sentences, the completion, execution and submission of  such documentation (other than such documentation set forth in Section 2.15(g)(ii)(A), (ii)(B), and (ii)(D)  below or, in respect of Canadian withholding Taxes, CRA Forms NR301, NR302, or NR303, as  applicable, and any successor forms thereto) shall not be required if in the Lender’s reasonable judgment  such completion, execution or submission would subject such Lender to any material unreimbursed cost  or expense or would materially prejudice the legal or commercial position of such Lender.  Each Lender  agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in  any respect, it shall update such form or certification or promptly notify the applicable Borrower and the  Agent in writing of its legal inability to do so.               (ii)  Without limiting the generality of Section 2.15(g)(i) above, with respect to any  Loan to the U.S. Borrower:               (A)   Each Lender that is a United States Person agrees to complete and deliver to the        U.S. Borrower and the Agent, on or prior to the date on which such Lender becomes a Lender        under this Agreement (and from time to time thereafter upon the reasonable request of the U.S.        Borrower or the Agent), two duly completed and executed copies of IRS Form W-9 (or successor        form) certifying that such Lender is exempt from U.S. federal backup withholding tax.       

 

                (B)   Each Non-U.S. Lender, shall deliver to the U.S. Borrower and the Agent two        duly completed and executed copies of whichever of the following is applicable:               (I)   In the case of a Non-U.S. Lender claiming the benefits of an income tax treaty to        which the United States is a party, IRS Form W-8BEN–E (or any successor thereto) establishing        an exemption from, or reduction of, U.S. federal withholding tax pursuant to such treaty;                            (II)  IRS Form W-8ECI (or any successor thereto);                            (III) In the case of a Non-U.S. Lender claiming the benefits of the exemption for        portfolio interest under Section 881(c) of the Code, a certificate substantially in the form of        Exhibit J-1 to the effect that such Non-U.S. Lender is not a “bank” as defined in        Section 881(c)(3)(A) of the Code, a “10-percent shareholder” of the U.S. Borrower within the        meaning of Section 881(c) (3)(B) of the Code, or a “controlled foreign corporation” described in        Section 881(c)(3)(C) of the Code and that the interest payments in respect of such Loans are not        effectively connected with such Non-U.S. Lender’s conduct of a U.S. trade or business (a “U.S.        Tax Compliance Certificate”); or                            (IV)  To the extent a Non-U.S. Lender is not the beneficial owner, duly signed,        properly completed copies of IRS Form W–8IMY, accompanied by IRS Form W–8ECI, IRS        Form W–8BEN, IRS Form W–8BEN–E, a U.S. Tax Compliance Certificate substantially in the        form of Exhibit J-2 or Exhibit J-3, IRS Form W–9, and/or other certification documents from        each beneficial owner, as applicable; provided that if the Non-U.S. Lender is a partnership and        one or more direct or indirect partners of such Non-U.S. Lender are claiming the portfolio interest        exemption, such Non-U.S. Lender may provide a U.S. Tax Compliance Certificate substantially        in the form of Exhibit J-4 on behalf of each such direct and indirect partner;               (C)   Each Non-U.S. Lender shall deliver to the U.S. Borrower and the Agent (in such        number of copies as shall be requested by the recipient) such other duly completed and executed        forms or certificates prescribed by applicable law as a basis for claiming exemption from, or        reduction in, U.S. federal withholding Tax, together with such supplementary documentation as        may be prescribed by applicable law to permit the U.S. Borrower or the Agent to determine the        withholding or deduction required to be made; and               (D)   Each Lender shall deliver to the U.S. Borrower and the Agent at the time or times        prescribed by law and at such time or times reasonably requested by the U.S. Borrower or the        Agent such documentation prescribed by applicable law (including as prescribed by Section        1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the        U.S. Borrower or the Agent as may be necessary for the Borrower and the Agent to comply with        their obligations under FATCA and to determine whether such Lender has complied with such        Lender's obligations under FATCA or to determine the amount to deduct and withhold from such        payment.  Solely for purposes of this clause (D), “FATCA” shall include any amendments made        to FATCA after the date of this Agreement.              (iii)  Notwithstanding anything to the contrary in this Section 2.15(g), no Lender shall  be required to provide any documentation that such Lender is not legally eligible to provide.              (iv)   Each Lender hereby authorizes the Agent to deliver to the Borrowers and other  Loan Parties and to any successor Agent any documentation provided by such Lender to the Agent  pursuant to this Section 2.15(g).      

 

                (h)   If the Agent or a Lender determines, in its sole discretion exercised in good faith,  that it has received and retained a refund of any Indemnified Taxes as to which it has been indemnified by  a Borrower or other Loan Party or with respect to which such Borrower or such Loan Party has paid  additional amounts pursuant to this Section 2.15, it shall pay over such refund to such Borrower or such  Loan Party (but only to the extent of indemnity payments made, or additional amounts paid, by such  Borrower or such Loan Party under this Section 2.15 with respect to the Taxes giving rise to such refund),  net of all out-of-pocket expenses (including Taxes) of the Agent or such Lender  as is determined by the  Agent or such Lender in its sole discretion exercised in good faith, and without interest (other than any  interest paid by the relevant Governmental Authority with respect to such refund); provided that such  Borrower or such Loan Party, upon the request of the Agent or such Lender, agrees to repay as soon as  reasonably practicable the amount paid over to such Borrower or such Loan Party (plus any penalties,  interest or other charges imposed by the relevant Governmental Authority) to the Agent or such Lender in  the event the Agent or such Lender is required to repay such refund to such Governmental Authority.   Notwithstanding anything to the contrary in this Section 2.15(h), in no event will any Agent or Lender be  required to pay any amount to any Borrower other Loan Party pursuant to this Section 2.15 the payment  of which would place such Agent or Lender in a less favorable net after-Tax position than it would have  been in if the Tax subject to indemnification and giving rise to such refund had not been deducted,  withheld or otherwise imposed and the indemnification payments or additional amounts with respect to  such Tax had never been paid.  This Section 2.15(h) shall not be construed to require the Agent or any  Lender to make available its tax returns (or any other information relating to its taxes that it deems  confidential) to any Borrower or any other Loan Party or any other Person.               (i)   Any amount payable under this Agreement or any other Loan Document by any  party is exclusive of any VAT or any other Tax of a similar nature which might be chargeable in  connection with that amount.  If any such Tax is chargeable, the applicable Borrower or applicable other  Loan Party must pay to the Agent or Lender (as applicable) (in addition to and at the same time as paying  that amount) an amount equal to the amount of that Tax against the delivery of a valid VAT invoice  (where applicable).               (j)   Where this Agreement or any other Loan Document requires any party to  reimburse the Agent or any Lender (as the case may be) for any costs or expenses, that party must also at  the same time pay and indemnify the Agent or Lender (as the case may be) against all VAT or any other  Tax of a similar nature incurred by the Agent or Lender (as the case may be) in respect of those costs or  expenses but only to the extent that the Agent or Lender (as the case may be) (acting reasonably)  determines that it is not entitled to credit or repayment from the relevant tax authority in respect of the  Tax.               (k)   For the avoidance of doubt, for purposes of this Section 2.15, the term “Lender”  includes any Issuing Bank.               SECTION 2.16  Allocation of Proceeds; Sharing of Setoffs.               (a)   All proceeds of any Collateral received by the Agent after an Event of Default  has occurred and is continuing and all or any portion of the Loans shall have been accelerated hereunder  pursuant to Section 7.02, shall upon election by the Agent or at the direction of the Required Lenders be  applied, first, to, ratably, pay any fees, indemnities, or expense reimbursements then due to the Agent  from any Borrower (other than in connection with Secured Hedging Obligations or Secured Cash  Management Obligations), second, ratably, to pay any expense reimbursements then due to the Issuing  Bank or Lenders from the Borrowers (other than in connection with Secured Hedging Obligations or  Secured Cash Management Obligations), third, to pay Commitments Fees, interest due and payable in  respect of the Loans and LC Fees, ratably, fourth, to pay principal on the Loans and unpaid LC      

 

    Disbursements and any amounts owing with respect to Secured Hedging Obligations or Secured Cash  Management Obligations, and to cash collateralize Letters of Credit in an amount equal to the outstanding  face amount thereof (it being understood that, if any Letter of Credit shall expire undrawn, any cash  collateral held for the undrawn portion of such Letter of Credit shall be applied to the other Secured  Obligations in the order specified in clauses first through fifth of this sentence), ratably, fifth, to the  payment of any other Secured Obligation due to the Agent or any Lender, and sixth, to the applicable  Loan Party or as the U.S. Borrower shall direct.  Notwithstanding the foregoing, (i) the Agent shall not be  required to pay any amount pursuant to this Section 2.16(a) to any holder of Secured Hedging Obligations  or Secured Cash Management Obligations unless the holder thereof or the U.S. Borrower has provided  notice to the Agent thereof prior to the date of the applicable payment pursuant to this Section 2.16(a) and  (ii) no amount received on the account of any Collateral of any Loan Party shall be applied to the  payment of any Secured Obligations in respect of Excluded Swap Obligations of such Loan Party.               (b)   If, following any Event of Default under Section 7.01(a) (but only to the extent  that prior to the waiver of such Event of Default an Event of Default under Section 7.01(f) (with respect  to the U.S. Borrower) or an acceleration of the Loans pursuant to Section 7.02 occurs), Section 7.01(f)  (with respect to the U.S. Borrower) or any acceleration of the Loans pursuant to Section 7.02, any Lender  shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any  fees, principal of or interest on any of its Loans resulting in such Lender receiving payment of a greater  proportion of the aggregate amount of its Loans and accrued interest and fees thereon than the proportion  received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash  at face value) participations in the Loans of other Lenders at such time outstanding to the extent necessary  so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the  aggregate amount of principal of and accrued interest and fees on their respective Loans; provided that (i)  if any such participations are purchased and all or any portion of the payment giving rise thereto is  recovered, such participations shall be rescinded and the purchase price restored to the extent of such  recovery, without interest, (ii) the provisions of this paragraph shall not be construed to apply to any  payment made by any Borrower pursuant to and in accordance with the express terms of this Agreement  (including, without limitation, Section 2.08(d)) or any payment obtained by a Lender as consideration for  the assignment of or sale of a participation in any of its Loans to any assignee or participant) and (iii) in  the event that any Lender would be required to purchase any participations in Domestic Obligations as a  result of the receipt by such Lender of any amount from any Foreign Borrower, such Lender shall not be  required to purchase any participations in any such Domestic Obligations.  Each Borrower consents to the  foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender  acquiring a participation pursuant to the foregoing arrangements may exercise against such Borrower  rights of setoff, consolidation and counterclaim with respect to such participation as fully as if such  Lender were a direct creditor of such Borrower in the amount of such participation.               (c)   If any Lender shall fail to make any payment required to be made by it pursuant  to this Agreement, then the Agent may, in its discretion (notwithstanding any contrary provision hereof),  apply any amounts thereafter received by the Agent for the account of such Lender to satisfy such  obligations of such Lender until all such unsatisfied obligations are fully paid.               SECTION 2.17  Mitigation Obligations; Replacement of Lenders.               (a)   If any Lender requests compensation under Section 2.14, or if a Borrower is  required to pay any additional amount to any Lender or any Governmental Authority for the account of  any Lender pursuant to Section 2.15, then such Lender shall use reasonable efforts to designate a different  lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder  to another of its offices, branches or affiliates, if, in the reasonable judgment of such Lender, such  designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.14 or      

 

    2.15, as applicable, in the future and (ii) would not subject such Lender (or its parent companies) to any  material unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender in any  material respect.  The U.S. Borrower hereby agrees to pay all reasonable costs and expenses incurred by  any Lender in connection with any such designation or assignment.               (b)   If any Lender requests compensation under Section 2.14, or if a Borrower is  required to pay any additional amount to any Lender or any Governmental Authority for the account of  any Lender pursuant to Section 2.15, or if any Lender becomes a Non-Funding Lender, then such  Borrower may, at its sole expense and effort, upon notice to such Lender and the Agent, replace such  Lender by requiring such Lender to assign and delegate (and such Lender shall be obligated to assign and  delegate), without recourse (in accordance with and subject to the restrictions contained in Section 9.04),  all its interests, rights and obligations under this Agreement to an assignee that shall assume such  obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that  (i) such Borrower shall have received the prior written consent of the Agent, which consent shall not  unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal to the  outstanding principal of its Loans and any participations in Letters of Credit funded by such Lender, if  any, accrued interest thereon, accrued fees and all other amounts due and payable to it hereunder, from  the assignee (to the extent of such outstanding principal or participation) or such Borrower (in the case of  all other amounts) and (iii) in the case of any such assignment resulting from a claim for compensation  under Section 2.14 or payments required to be made pursuant to Section 2.15, such assignment will result  in a reduction in such compensation or payments.  A Lender shall not be required to make any such  assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the  circumstances entitling the applicable Borrower to require such assignment and delegation cease to apply.               SECTION 2.18  [Reserved].               SECTION 2.19  Incremental Facilities.               (a)   Any Borrower may by written notice to the Agent elect to request the  establishment of one or more (x) additional tranches of term loans of any class in Dollars, Euros, Sterling,  Yen, Canadian Dollars or any other currency reasonably acceptable to the Agent or new Commitments to  increase any existing Class of Term Loans (the commitments described in this clause (x), the “New Term  Commitments”), (y) increases in Revolving Commitments under one or more of the then existing  Revolving Facilities or new revolving commitments under a new revolving facility (a “New Revolving  Facility”) (any such commitments described in this clause (y), the “New Revolving Commitments” and,  together with the New Term Commitments, the “New Commitments”) in a Dollar Equivalent amount at  any time not to exceed (other than in the case of any New Commitments with respect to Refinancing  Term Loans and/or Replacement Revolving Commitments) the Maximum Incremental Amount at such  time and not less than the Dollar Equivalent of $25.0 million individually (or such lesser amount which  shall be approved by the Agent or such lesser amount that shall constitute the entire remaining availability  hereunder).  Each such notice shall specify the date (each, an “Increased Amount Date”) on which the  applicable Borrower proposes that the New Commitments shall be effective, which shall be a date not less  than five Business Days after the date on which such notice is delivered to Agent (or such shorter period  as may be agreed by the Agent); provided that any Lender offered or approached to provide all or a  portion of the New Commitments may elect or decline, in its sole discretion, to provide a New  Commitment.  Such New Commitments shall become effective, as of such Increased Amount Date;  provided that (i) subject to Section 1.10, no Default or Event of Default shall exist on such Increased  Amount Date before or after giving effect to such New Commitments, as applicable; (ii) subject to  Section 1.10, both before and after giving effect to the making of any New Term Loans or New  Revolving Loans, each of the conditions set forth in Section 4.02 shall be satisfied; (iii) subject to Section  1.10, the U.S. Borrower and the Restricted Subsidiaries shall be in pro forma compliance with Section      

 

    6.10 as of the last day of the most recently ended fiscal quarter prior to such Increased Amount Date and  as in effect on such Increased Amount Date after giving effect to such New Commitments and any  Investment to be consummated in connection therewith; (iv) the New Commitments shall be effected  pursuant to one or more supplements to this Agreement executed and delivered by the Loan Parties, the  New Lenders and the Agent; and (v) any such supplement shall provide that each New Lender shall  automatically become party to the Loss Sharing Agreement pursuant to such supplement.  The Canadian  Term A-2 Loans, the Euro Term A-1 Loans, the Yen Term C-1 Loans and any other New Term Loans  (other than any New Term Loans which are designated as an increase in the amount of any previously  established Class of Term Loans) made on an Increased Amount Date shall be designated a separate  series (a “Series”) of New Term Loans for all purposes of this Agreement.  In connection with the  obtaining of any New Commitments pursuant to this Section 2.19(a), the U.S. Borrower shall, or shall  cause the other applicable Loan Parties to, make such amendments to the Collateral Documents and take  such other customary actions, if any, as the Agent may reasonably request in order to preserve and protect  the Liens on the Collateral securing the Obligations (either prior to or within 30 days (or such longer  period as to which the Agent may consent) following the Increased Amount Date for such New  Commitments).                (b)   On any Increased Amount Date on which New Revolving Commitments are  effected under any existing Revolving Facility (but not any New Revolving Facility being established on  such date), subject to the satisfaction of the foregoing terms and conditions, (a) each of the Lenders with  Revolving Commitments under the applicable Revolving Facility shall assign to each Lender with a New  Revolving Commitment (each, a “New Revolving Lender”) and each of the New Revolving Lenders shall  purchase from each of the Lenders with Revolving Commitments under the applicable Revolving Facility,  at the principal amount thereof, such interests in the Revolving Loans outstanding under the applicable  Revolving Facility on such Increased Amount Date as shall be necessary in order that, after giving effect  to all such assignments and purchases, such Revolving Loans will be held by existing Lenders with  Revolving Loans under the applicable Revolving Facility and New Revolving Lenders ratably in  accordance with their Ratable Portions after giving effect to the addition of such New Revolving  Commitments to such Revolving Facility, (b) each such New Revolving Commitment shall be deemed for  all purposes a Revolving Commitment under the applicable Revolving Facility and each Loan made  thereunder (a “New Revolving Loan”) shall be deemed, for all purposes, a Revolving Loan under the  applicable Revolving Facility and (c) each New Revolving Lender with a New Revolving Commitment  under an existing Revolving Facility shall become a Lender under the applicable Revolving Facility with  respect to the New Revolving Commitment and all matters relating thereto.  On any Increased Amount  Date on which New Revolving Commitments are effected under any New Revolving Facility, subject to  the satisfaction of the foregoing terms and conditions, the Agent and the Borrowers shall enter into an  amendment to this Agreement to incorporate the terms of such New Revolving Facility hereunder on  substantially the same terms as were applicable to the existing Revolving Facilities (except with respect to  the rate of interest and the Scheduled Termination Date applicable to such New Revolving Facility and  except as otherwise reasonably acceptable to the Agent).               (c)   On any Increased Amount Date on which any New Term Commitments of any  Class are effective, subject to the satisfaction of the foregoing terms and conditions, (i) each Lender with  a New Term Commitment (each, a “New Term Loan Lender”) of any Class shall make a Loan to the  applicable Borrower (a “New Term Loan”) in the requested currency in an amount equal to its New Term  Commitment of such Class, and (ii) each New Term Loan Lender of any Class shall become a Lender  hereunder with respect to the New Term Commitment of such Class and the New Term Loans of such  Class made pursuant thereto.               (d)   The terms and provisions of the New Term Loans and New Term Commitments  shall be, except as otherwise set forth herein or in the applicable supplement relating thereto, identical to      

 

    the existing Term Loans; provided that (i) the final maturity date of the New Term Loans shall be no  earlier than (x) in the case of Refinancing Term Loans, the Term Loans or Revolving Commitments  refinanced therewith, (y) in the case of New Term A Loans, the U.S. Term A Loan Maturity Date and (z)  in the case of any other New Term Loans, the U.S. Term B-34 Loan Maturity Date, and, in the case of all  New Term Loans, the mandatory prepayment provisions applicable to the New Term Loans shall not  require that any mandatory prepayment pursuant to Section 2.09 apply to such New Term Loans on a  greater basis than ratable basis then outstanding Term Loans, (ii) the currency, optional prepayment  provisions, rate of interest and the amortization schedule applicable to any New Term Loans of each  Series shall be determined by the applicable Borrower and the applicable new Lenders and shall be set  forth in the applicable supplement relating thereto; provided that (A) the Weighted Average Life to  Maturity of any New Term Loans will be no shorter than (x) in the case of Refinancing Term Loans, the  Weighted Average Life to Maturity of the Term Loans refinanced or Revolving Commitments replaced  thereby, (y) in the case of New Term A Loans, the then remaining Weighted Average Life to Maturity of  the Canadian Term A-2 Loans, the Euro Term A-1 Loans or the Yen Term C-1 Loans and (z) in the case  of any other New Term Loans, the then remaining Weighted Average Life to Maturity of the U.S. Term  B-34 Loans, (B) if the Effective Yield of any New Term Loans (other than Refinancing Term Loans)  denominated in Dollars established on any Increased Amount Date occurring on or prior to the twelve  (12) month anniversary of the Closing Date exceeds the Effective Yield of the U.S. Term B Loans by  more than 50 basis points, the Applicable Rates for the U.S. Term B Loans shall be increased to the extent  necessary so that, after giving effect to such increase, the Effective Yield of the U.S. Term B Loans is  equal to the Effective Yield of such New Term Loans minus 50 basis points and (C) if the Effective Yield  of any New Term Loans (other than Refinancing Term Loans) denominated in Dollars established on any  Increased Amount Date occurring on or prior to the twelve (12) month anniversary of the Incremental  Amendment No. 2 Effective Date exceeds the Effective Yield of the U.S. Term B-3 Loans by more than  50 basis points, the Applicable Rates for the U.S. Term B-3 Loans shall be increased to the extent  necessary so that, after giving effect to such increase, the Effective Yield of the U.S. Term B-3 Loans is  equal to the Effective Yield of such New Term Loans minus 50 basis points, (iii) New Term Loans shall  not be guaranteed by any Subsidiary of the U.S. Borrower that is not a Loan Party and shall be secured on  a pari passu basis with the other Obligations pursuant to the Collateral Documents and (iv) all other terms  applicable to the New Term Loans of each Series that differ from the existing Term Loans shall be  reasonably acceptable to the Agent (as evidenced by its execution of the applicable supplement relating  thereto).  The terms and provisions of the New Revolving Loans and New Revolving Commitments  forming an increase in any then existing Revolving Facility shall be identical to the Revolving Loans and  the Revolving Commitments under such Revolving Facility; provided that, with respect to any New  Revolving Facility, (i) the Scheduled Termination Date with respect thereto shall be set forth in the  applicable supplement and shall be no earlier than the Scheduled Termination Date of any then  outstanding Revolving Facility in effect at such time, (ii) the rate of interest and fees applicable thereto  shall be determined by the applicable Borrower and the applicable new Lenders and shall be set forth in  the applicable supplement relating thereto, (iii) such New Revolving Facility shall not be guaranteed by  any Subsidiary of the U.S. Borrower that is not a Loan Party and shall be secured on a pari passu basis  with the other Obligations pursuant to the Collateral Documents and (iv) all other terms applicable thereto  that differ from the existing Revolving Loans and Revolving Commitments under the existing Revolving  Facilities (including but not limited to any currency available under or any Borrower of such New  Revolving Facility) shall be reasonably acceptable to the Agent (as evidenced by the execution of the  applicable supplement relating thereto).               (e)   (i)  Any Borrower may at any time and from time to time request that all or a  portion of the Term Loans under any Term Loan Facility of such Borrower (an “Existing Class”) be  converted to extend the scheduled maturity date(s) of any payment of principal with respect to all or a  portion of any principal amount of such Term Loans and/or amended to lower the Effective Yield thereof  (any such Term Loans which have been so converted and/or extended, “Extended Term Loans”) and to      

 

    provide for other terms consistent with this Section 2.19(e).  In order to establish any Extended Term  Loans, the applicable Borrower shall provide a notice to the Agent (who shall provide a copy of such  notice to each of the Lenders of the applicable Existing Class) (an “Extension Request”) setting forth the  proposed terms of the Extended Term Loans to be established, which shall be identical to the Term Loans  of the Existing Class from which they are to be converted except (w) all or any of the scheduled  amortization payments of principal of the Extended Term Loans may be delayed to later dates than the  scheduled amortization of principal of the Term Loans of such Existing Class, (x) (A) the interest rate and  fee provisions with respect to the Extended Term Loans may be different from those applicable to the  Term Loans of such Existing Class (and Extended Term Loans may provide for prepayment protection  that is different from those applicable to such Existing Class) and/or (B) additional fees may be payable to  the Lenders providing such Extended Term Loans in addition to or in lieu of any increased margins  contemplated by the preceding clause (A), (y) the supplement providing for such Extended Term Loans  may provide for other terms applicable to such Extended Term Loans so long as either (A) such  additional terms do not apply until all Term Loans and Commitments outstanding immediately prior to  the establishment of such Extended Term Loans have been repaid, terminated or returned as applicable,  (B) such additional terms are less favorable to the holders of the Extended Term Loans than the  corresponding Existing Class or (C) such additional terms have been approved by the Required Lenders  and (z) the mandatory prepayment rights of the Extended Term Loans and such Existing Class may be  different so long as the proportion (if any) of the proceeds thereof to which such Extended Term Loans  are entitled is no greater on a proportionate basis than the portion of such proceeds to which the Existing  Class is entitled to receive.               (ii)  The Borrowers shall provide the applicable Extension Request at least five (5)  Business Days prior to the date on which Lenders under the Existing Class are requested to respond (or  such shorter period as may be agreed by the Agent).  Any Lender (an “Extending Lender”) wishing to  have all or a portion of its Term Loans of the Existing Class subject to such Extension Request converted  into Extended Term Loans shall notify the Agent (an “Extension Election”) on or prior to the date  specified in such Extension Request of the amount of its Term Loans of the Existing Class which it has  elected to convert into Extended Term Loans.  In the event that the aggregate amount of Term Loans of  the Existing Class subject to Extension Elections exceeds the amount of Extended Term Loans requested  pursuant to the Extension Request, Term Loans subject to Extension Elections shall be converted to  Extended Term Loans on a pro rata basis based on the amount of Term Loans included in each such  Extension Election (subject to such rounding as the Agent deems expedient).  For the avoidance of doubt,  each Lender agrees that any Term Loan that is converted to an Extended Term Loan (and the Extending  Lender providing such Extended Term Loan) shall continue to be subject to the Loss Sharing Agreement  to the same extent as the Term Loan from which such Extended Term Loan was converted.  Any  Extended Term Loans shall be established on the date set forth in the applicable supplement entered into  by the applicable Borrower and the Agent pursuant to this Section 2.19(e) (it being understood that by  providing an Extension Election, an Extending Lender will agree to be bound thereby).               (f)   Each supplement pursuant to this Section 2.19 may, without the consent of any  other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be  necessary or appropriate, in the opinion of the Agent and the Joint Lead Arrangers, to effect the provision  of this Section 2.19.               (g)   The provisions of this Section 2.19 shall override any provisions of Section 9.02  to the contrary and, for the avoidance of doubt Section 2.09(b).               SECTION 2.20  Defaulting Lenders.  Notwithstanding any provision of this  Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions  shall apply for so long as such Lender is a Defaulting Lender:      

 

                                 (a)      Commitment Fees shall cease to accrue on the unfunded portion of the  Revolving Commitments of such Defaulting Lender pursuant to Section 2.10(a);      (b)      the Revolving Commitments and Revolving Outstandings of such Defaulting  Lender shall not be included in determining whether the Required Lenders (or other requisite  percentage of any Lenders pursuant to Article VII or Section 9.02) have taken or may take any  action hereunder (including any consent to any amendment, waiver or other modification  pursuant to Section 9.02); provided that this clause (b) shall not apply to the vote of a Defaulting  Lender in the case of an amendment, waiver or other modification requiring the consent of such  Lender or each Lender affected thereby;        (c)     if any Letters of Credit or LC Disbursements are outstanding under a Revolving  Facility under which such Defaulting Lender is a Revolving Lender, then             (i)  all or any part of the participation of such Lender in Letters of Credit and        Revolving LC Disbursements shall be reallocated among the non-Defaulting Lenders        under such Revolving Facility in accordance with their respective Ratable Portions but        only to the extent (x) the sum of all non-Defaulting Lenders’ Revolving Outstandings        under such Revolving Facility plus such Defaulting Lender’s Ratable Portion of the        Letters of Credit and LC Disbursements does not exceed the total of all non-Defaulting        Lenders’ Revolving Commitments under such Revolving Facility and (y) the conditions        set forth in Section 4.02(b) would be satisfied at such time (determined as if such        reallocation constituted the issuance of a new Letter of Credit at such time);            (ii)  if the reallocation described in clause (i) above cannot, or can only partially,        be effected, the applicable Borrower shall within one Business Day following notice by        the Agent cash collateralize such Defaulting Lender’s Ratable Portion of the Letters of        Credit and LC Disbursements under such Revolving Facility (after giving effect to any        partial reallocation pursuant to clause (i) above) in accordance with the procedures set        forth in Section 2.04(j) for so long as such Letters of Credit or LC Disbursements are        outstanding;            (iii) if the Borrower cash collateralizes any portion of such Defaulting Lender’s        LC Exposure pursuant to clause (ii) above, the Borrower shall not be required to pay any        fees to such Defaulting Lender pursuant to Section 2.10(b)(ii) with respect to such        Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC        Exposure is cash collateralized;            (iv)  if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to        clause (i) above, then the fees payable to the Lenders pursuant to Section 2.10(a) and        Section 2.10(b)(ii) shall be adjusted in accordance with such non-Defaulting Lenders’        Ratable Portions; and            (v)   if all or any portion of such Defaulting Lender’s LC Exposure is neither        reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then, without        prejudice to any rights or remedies of any applicable Issuing Bank or any other Lender        hereunder, all letter of credit fees payable under Section 2.10(b)(ii) with respect to such        Defaulting Lender’s Revolving LC Exposure shall be payable to the Issuing Bank that        has issued the Letters of Credit accounting for such LC Exposure until and to the extent        that such LC Exposure is reallocated and/or cash collateralized; and                                

 

              (d)     so long as such Lender is a Defaulting Lender, no Issuing Bank shall be required        to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure and        the Defaulting Lender’s then outstanding LC Exposure will be 100% covered by the Revolving        Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the        Borrower in accordance with Section 2.20(c), and participation obligations with respect to any        newly made LC Exposure related to any newly issued or increased Letter of Credit shall be        allocated among non-Defaulting Lenders in a manner consistent with Section 2.20(c)(i) (and such        Defaulting Lender shall not participate therein).               If (i) a Bankruptcy Event or a Bail-In Action with respect to a Lender Parent shall occur  following the date hereof and for so long as such event shall continue or (ii) any Issuing Bank has a good  faith belief that any Lender has defaulted in fulfilling its obligations under one or more other agreements  in which such Lender commits to extend credit, no Issuing Bank shall be required to issue, amend or  increase any Letter of Credit, unless such Issuing Bank shall have entered into arrangements with the  Borrowers or such Lender, satisfactory to such Issuing Bank to defease any risk to it in respect of such  Lender hereunder.               In the event that the Agent, the Borrower and each Issuing Bank each agrees that a  Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting  Lender, then the participation obligations in respect of LC Exposure of the Lenders shall be readjusted to  reflect the inclusion of such Lender’s Revolving Commitment and on such date such Lender shall  purchase at par such of the Revolving Loans of the other Revolving Lenders as the Agent shall determine  may be necessary in order for such Revolving Lender to hold such Revolving Loans in accordance with  its Ratable Portion.                                    ARTICLE III                                                                REPRESENTATIONS AND WARRANTIES               Each Loan Party represents and warrants to the Lenders that:               SECTION 3.01  Organization; Powers.  Except as would not individually or in the  aggregate reasonably be expected to result in a Material Adverse Effect, each of the Loan Parties and each  of the Restricted Subsidiaries (a) is duly organized or incorporated and validly existing under the laws of  the jurisdiction of its organization or incorporation, as the case may be, and (b) has all requisite power and  authority to own its property and assets and to carry on its business as now conducted and is qualified to  do business in, and is in good standing (to the extent such concepts exist in the applicable jurisdictions) in  every jurisdiction where such qualification is required.               SECTION 3.02  Authorization; Enforceability.  The Refinancing Transactions are  within each applicable Loan Party’s and Foreign Borrower’s corporate powers and have been duly  authorized by all necessary corporate and, if required, stockholder action of such Loan Party.  Each Loan  Document to which each Loan Party is a party has been duly executed and delivered by such Loan Party  and is a legal, valid and binding obligation of such Loan Party, enforceable in accordance with its terms,  subject to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and to  general principles of equity.               SECTION 3.03  Governmental Approvals; No Conflicts.  The Refinancing  Transactions (a) do not require any consent or approval of, registration or filing with, or any other action  by, any Governmental Authority, except (A) such as have been obtained or made and are in full force and  effect and (B) for filings and registrations necessary to perfect Liens created pursuant to the Loan      

 

    Documents, (b) will not violate any Requirement of Law applicable to any Loan Party or any of the  Restricted Subsidiaries, (c) will not violate or result in a default under any indenture, agreement or other  instrument binding upon any Loan Party or any of the Restricted Subsidiaries or their respective assets, or  (except for the Refinancing Transactions) give rise to a right thereunder to require any payment to be  made by any Loan Party or any of the Restricted Subsidiaries, and (d) will not result in the creation or  imposition of any Lien on any asset of any Loan Party or any of the Restricted Subsidiaries, except Liens  created pursuant to the Loan Documents; except, in the case of each of clauses (a) through (d) above, to  the extent that any such violation, default or right, or any failure to obtain such consent or approval or to  take any such action, would not reasonably be expected to result in a Material Adverse Effect.               SECTION 3.04  Financial Condition; No Material Adverse Change.               (a)   The U.S. Borrower has heretofore furnished to the Lenders the consolidated  balance sheet and statements of earnings, shareholders’ equity and cash flows of Aramark, the indirect  parent company of the U.S. Borrower, (i) as of and for the fiscal years ended September 30, 2016, each  reported on by KPMG LLP, an independent registered public accounting firm and (ii) as of and for the  fiscal quarter ended December 31, 2016.  Such financial statements present fairly, in all material respects,  the financial position and results of operations and cash flows of the U.S. Borrower and its consolidated  subsidiaries as of such dates and for such periods in accordance with GAAP.               (b)   No event, change or condition has occurred that has had, or would reasonably be  expected to have, a Material Adverse Effect, since September 30, 2016.               SECTION 3.05  Properties.               (a)   As of the Closing Date, Schedule 1.01(b) sets forth the address of each parcel of  real property (or each set of parcels that collectively comprise one operating property) that is owned by  each Loan Party with an aggregate fair market value (as determined by the U.S. Borrower in good faith)  in excess of $15.0 million or that the U.S. Borrower has otherwise agreed shall initially be a Mortgaged  Property.  Schedule 3.05(a) identifies the principal place of business and chief executive office of each  Loan Party as of the Closing Date.               (b)   Each of the U.S. Borrower and each of the Restricted Subsidiaries has good and  insurable fee simple title to, or valid leasehold interests in, or easements or other limited property interests  in, all its real properties (including all Mortgaged Properties) and has good and marketable title to its  personal property and assets, in each case, except for defects in title that do not materially interfere with  its ability to conduct its business as currently conducted or to utilize such properties and assets for their  intended purposes and except where the failure to have such title would not reasonably be expected to  have, individually or in the aggregate, a Material Adverse Effect.  All such properties and assets are free  and clear of Liens, other than Permitted Liens.               (c)   Each of the U.S. Borrower and each of the Restricted Subsidiaries has complied  with all obligations under all leases to which it is a party, except where the failure to comply would not  reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and all such  leases are in full force and effect, except leases in respect of which the failure to be in full force and effect  would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.   Each of the U.S. Borrower and each of the Restricted Subsidiaries enjoys peaceful and undisturbed  possession under all such leases, other than leases in respect of which the failure to enjoy peaceful and  undisturbed possession would not reasonably be expected to have, individually or in the aggregate, a  Material Adverse Effect.      

 

                (d)   As of the Closing Date, neither Holdings nor the U.S. Borrower has received any  notice of, or has any knowledge of, any pending or contemplated condemnation proceeding affecting any  of the Mortgaged Properties or any sale or disposition thereof in lieu of condemnation.               (e)   To the U.S. Borrower’s knowledge, as of the Closing Date, none of the U.S.  Borrower or any Restricted Subsidiary is obligated under any right of first refusal, option or other  contractual right to sell, assign or otherwise dispose of any Mortgaged Property or any interest therein.               (f)   To the U.S. Borrower’s knowledge, each of the U.S. Borrower and the Restricted  Subsidiaries owns or possesses, or is licensed to use, all patents, trademarks, service marks, trade names  and copyrights and all licenses and rights with respect to the foregoing, necessary for the present conduct  of its business, without any conflict with the rights of others, and free from any burdensome restrictions  on the present conduct of its business, except where such failure to own, possess or hold pursuant to a  license or such conflicts and restrictions would not reasonably be expected to have, individually or in the  aggregate, a Material Adverse Effect or except as set forth on Schedule 3.05(f).               SECTION 3.06  Litigation and Environmental Matters.               (a)   Other than the Disclosed Matters, there are no actions, suits or proceedings by or  before any Governmental Authority pending against or, to the knowledge of the U.S. Borrower,  threatened against the Loan Parties or any of their Subsidiaries (i) as to which there is a reasonable  possibility of an adverse determination and that, if adversely determined, would reasonably be expected,  individually or in the aggregate, to result in a Material Adverse Effect or (ii) on the Closing Date, that  involve any Loan Documents or the Refinancing Transactions.               (b)   Except for the Disclosed Matters and any other matters that, individually or in the  aggregate, together with the Disclosed Matters, would not reasonably be expected to result in a Material  Adverse Effect (i) no Loan Party nor any of its Subsidiaries has received written notice of any claim with  respect to any Environmental Liability and (ii) no Loan Party nor any of its Subsidiaries (1) has failed to  comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other  approval required under any Environmental Law or (2) is subject to any Environmental Liability.               (c)   Since the date of this Agreement, there has been no change in the status of the  Disclosed Matters that, individually or in the aggregate, has resulted in, or would reasonably be expected  to result in, a Material Adverse Effect.               SECTION 3.07  Compliance with Laws and Agreements; Licenses and Permits.               (a)   Each Loan Party and each Restricted Subsidiary is in compliance with all  Requirements of Law applicable to it or its property and all indentures, agreements and other instruments  binding upon it or its property, except where the failure to do so, individually or in the aggregate, would  not reasonably be expected to result in a Material Adverse Effect.               (b)   Each Loan Party and the Restricted Subsidiaries have obtained and hold in full  force and effect, all franchises, licenses, leases, permits, certificates, authorizations, qualifications,  easements, rights of way and other rights and approvals which are necessary or advisable for the  operation of their businesses as presently conducted and as proposed to be conducted, except where the  failure to have so obtained or hold or to be in force, individually or in the aggregate, would not reasonably  be expected to result in a Material Adverse Effect.  No Loan Party or any of the Restricted Subsidiaries is  in violation of the terms of any such franchise, license, lease, permit, certificate, authorization,      

 

    qualification, easement, right of way, right or approval, except where any such violation, individually or  in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.               SECTION 3.08  Investment Company Status.  No Loan Party is an “investment  company” as defined in, or is required to be registered under, the Investment Company Act of 1940.               SECTION 3.09  Taxes.  The Loan Parties and the Subsidiaries have timely filed or  caused to be filed all Tax returns and reports required to have been filed and have paid or caused to be  paid all Taxes required to have been paid by them (whether or not shown on a tax return), except (a)  Taxes that are being contested in good faith by appropriate proceedings and for which such Loan Party or  such Subsidiary, as applicable, has set aside on its books adequate reserves in accordance with GAAP or  (b) to the extent that the failure to do so, individually or in the aggregate, would not reasonably be  expected to result in a Material Adverse Effect.  All amounts have been withheld by each of the Loan  Parties and the Subsidiaries from their respective employees for all periods in compliance with the tax,  social security and unemployment withholding provisions of the applicable law and such withholdings  have been timely paid to the respective Governmental Authorities, except to the extent that the failure to  withhold and pay would not reasonably be expected to, individually or in the aggregate, result in a  Material Adverse Effect.  No Borrower is either Tax resident or maintains a permanent establishment in  any jurisdiction other than its jurisdiction of incorporation or, in case of the German Borrower, the  jurisdiction of its establishment.  For the avoidance of doubt, in relation to the incorporation of the U.K.  Borrower, England and Wales has the same meaning as United Kingdom.               SECTION 3.10  Deduction of Tax.  Without prejudice to the operation of Section  2.15, provided the Lenders in respect of any Loans to the U.K. Borrower or to any Irish Borrower are  U.K. Qualifying Lenders and Irish Qualifying Lenders, respectively, and subject to the completion by any  such Lenders of any procedural formalities in respect of such Loans, none of the U.K. Borrower or the  Irish Borrowers is required to make any deduction for or on account of Tax from any payment it may  make under this Agreement.  The German Borrower is not required to make any deduction or withholding  for or on account of Tax from any payment it may make under this Agreement.               SECTION 3.11  No Filing or Stamp Taxes. It is not necessary under the laws of any  jurisdiction in which any Borrower is resident for Tax purposes that this Agreement be filed, recorded or  enrolled with any court or other authority in that jurisdiction or that any stamp, registration or similar tax  be paid on or in relation to this Agreement or the transactions contemplated by this Agreement.               SECTION 3.12  ERISA.  No ERISA Event has occurred in the five year period prior  to the date on which this representation is made or deemed made and is continuing or is reasonably  expected to occur that, when taken together with all other such ERISA Events for which liability is  reasonably expected to occur, would reasonably be expected to result in a Material Adverse Effect.   Except as would not reasonably be expected to have a Material Adverse Effect, the present value of all  accumulated benefit obligations under all Plans (based on the assumptions used for purposes of Statement  of Financial Accounting Standards No. 87) did not, as of the date of the most recent financial statements  reflecting such amounts, exceed the fair market value of the assets of such Plans, in the aggregate.               SECTION 3.13  Disclosure.               (a)   All written information (other than the Projections, the pro forma financial  statements and estimates and information of a general economic nature) concerning Holdings, the U.S.  Borrower, the Restricted Subsidiaries, the Refinancing Transactions and any other transactions  contemplated hereby included in the Information Memorandum or otherwise prepared by or on behalf of  the foregoing or their representatives and made available to the Lenders or the Agent in writing in      

 

    connection with the Refinancing Transactions on or before the Closing Date (the “Information”), when  taken as a whole, as of the date such Information was furnished to the Agent or such Lenders, as the case  may be, did not contain any untrue statement of a material fact as of any such date or omit to state a  material fact necessary in order to make the statements contained therein not materially misleading in  light of the circumstances under which such statements were made.               (b)   The Projections, pro forma financial statements and estimates and information of  a general economic nature prepared by or on behalf of the U.S. Borrower or any of its representatives and  that have been made available to any Lenders or the Agent in writing in connection with the Refinancing  Transactions on or before the Closing Date (the “Other Information”) (i) have been prepared in good faith  based upon assumptions believed by the U.S. Borrower to be reasonable as of the date thereof (it being  understood that actual results may vary materially from the Other Information), and (ii) as of the Closing  Date, have not been modified in any material respect by the U.S. Borrower.               SECTION 3.14  Material Agreements.  Neither any Loan Party nor any Restricted  Subsidiary is in default in any material respect in the performance, observance or fulfillment of any of its  obligations contained in (i) any material agreement to which it is a party or (ii) any agreement or  instrument to which it is a party evidencing or governing Indebtedness, except where any such default  would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.               SECTION 3.15  Solvency.               (a)   Immediately after the consummation of the Refinancing Transactions on the  Closing Date, (i) the fair value of the assets of the Loan Parties on a consolidated basis, at a fair valuation,  will exceed the debts and liabilities, direct, subordinated, contingent or otherwise, of the Loan Parties on a  consolidated basis; (ii) the present fair saleable value of the property of the Loan Parties on a consolidated  basis will be greater than the amount that will be required to pay the probable liability of the Loan Parties  on a consolidated basis, on their debts and other liabilities, direct, subordinated, contingent or otherwise,  as such debts and other liabilities become absolute and matured; (iii) the Loan Parties on a consolidated  basis will be able to pay their debts and liabilities, direct, subordinated, contingent or otherwise, as such  debts and liabilities become absolute and matured; and (iv) the Loan Parties on a consolidated basis will  not have unreasonably small capital with which to conduct the businesses in which they are engaged as  such businesses are now conducted and are proposed to be conducted following the Closing Date.               (b)   The Loan Parties do not intend to incur debts beyond their ability to pay such  debts as they mature, taking into account the timing and amounts of cash to be received by the Loan  Parties and the timing and amounts of cash to be payable by the Loan Parties on or in respect of their  Indebtedness.               SECTION 3.16  Insurance.  Schedule 9 to the Perfection Certificate delivered on the  Closing Date sets forth a true, complete and correct description of all commercial insurance maintained  by or on behalf of the Loan Parties and the Restricted Subsidiaries as of the Closing Date.  As of the  Closing Date, all such insurance is in full force and effect and all premiums in respect of such insurance  have been duly paid.  The U.S. Borrower believes that the insurance maintained by or on behalf of the  U.S. Borrower and the Restricted Subsidiaries is adequate and is in accordance with normal industry  practice.               SECTION 3.17  Capitalization and Subsidiaries.  As of the Closing Date, Schedule  3.17 sets forth (a) a correct and complete list of the name and relationship to the U.S. Borrower of each  and all of the U.S. Borrower’s Subsidiaries, (b) a true and complete listing of each class of each of the  U.S. Borrower’s authorized Equity Interests, of which all of such issued shares are validly issued,      

 

    outstanding, fully paid and non-assessable, and owned beneficially and of record by the Persons identified  on Schedule 3.17, and (c) the type of entity of the U.S. Borrower and each of its Domestic Subsidiaries.   All of the issued and outstanding Equity Interests of the Restricted Subsidiaries owned by any Loan Party  have been (to the extent such concepts are relevant with respect to such ownership interests) duly  authorized and issued and are fully paid and non-assessable free and clear of all Liens (other than Liens  created under the Loan Documents).               SECTION 3.18  Security Interest in Collateral.  The provisions of the Collateral  Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the benefit of the  Secured Parties; and upon the proper filing of UCC financing statements required pursuant to paragraph  (k) of Section 4.01 and any Mortgages with respect to Mortgaged Properties and with regard to Collateral  that is perfected by control, upon delivery of possession or control, which shall be delivered to the extent  required by the Collateral Documents, such Liens constitute perfected and continuing Liens on the  Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third  parties, and having priority over all other Liens on the Collateral except Permitted Liens but only to the  extent that such Liens are required to be perfected by the terms of the Loan Documents (including Section  5.11(c)).               SECTION 3.19  Labor Disputes.  Except as, individually or in the aggregate, would  not reasonably be expected to have a Material Adverse Effect, there are no strikes, lockouts or slowdowns  against any Loan Party currently occurring or, to the knowledge of the U.S. Borrower, threatened.  Except  (i) as, individually or in the aggregate, would not reasonably be expected to have a Material Adverse  Effect or (ii) as set forth on Schedule 3.19, the consummation of the Transactions will not give rise to a  right of termination or right of renegotiation on the part of any union under any collective bargaining  agreement to which Holdings, the U.S. Borrower or any of the Restricted Subsidiaries (or any  predecessor) is a party or by which Holdings, the U.S. Borrower or any of the Restricted Subsidiaries (or  any predecessor) is bound.               SECTION 3.20  Federal Reserve Regulations.               (a)   None of the Collateral is Margin Stock.               (b)   None of Holdings, the U.S. Borrower and the Restricted Subsidiaries is engaged  principally, or as one of its important activities, in the business of extending credit for the purpose of  buying or carrying Margin Stock.               (c)   No part of the proceeds of any Loan will be used, whether directly or indirectly,  and whether immediately, incidentally or ultimately, (i) to purchase or carry Margin Stock or to extend  credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness  originally incurred for such purpose, or (ii) for any purpose that entails a violation of, or that is  inconsistent with, the provisions of Regulation T, U or X.               SECTION 3.21  Anti-Corruption and Sanctions Laws.                 (a)   The U.S. Borrower and each of its Subsidiaries have implemented and maintain  in effect policies and procedures reasonably designed to promote compliance by the U.S. Borrower, its  Subsidiaries and their respective directors, officers and employees while acting on behalf of the U.S.  Borrower or its Subsidiaries with applicable Anti-Corruption Laws and applicable Sanctions. The U.S.  Borrower, its Subsidiaries and to the knowledge of the U.S. Borrower, their respective directors, officers  and employees, are in compliance with applicable (i) Anti-Corruption Laws, except where the failure to  do so would not reasonably be expected to result in a Material Adverse Effect and (ii) Sanctions in all      

 

    material respects and are not knowingly engaged in any activity that would reasonably be expected to  result in any such Person being designated as a Sanctioned Person.  None of (a) the U.S. Borrower or any  Subsidiary or (b) to the knowledge of the U.S. Borrower, any director, officer, employee or agent of the  U.S. Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the credit  facilities established hereby, is a Sanctioned Person.                 (b)   The representations contained in Section 3.21 (Anti-Corruption and Sanctions  Laws) above are only given by any German Relevant Person to the extent that, by agreeing to it,  compliance with it, exercising it, having such obligation or right, or otherwise, it would not be placed in  violation of any law applicable to it relating to foreign trades (Außenwirtschaft) (including without  limitation EU Regulation (EC) 2271/96 and section 7 foreign trade rules (AWV)  (Außenwirtschaftsverordnung) in conjunction with section 4 and section 19 paragraph 3 no. 1 a) of the  German Foreign Trade Act (Außenwirtschaftsgesetz, AWG)) and Section 3.21 (Anti-Corruption and  Sanctions Laws) shall be so limited and shall not apply to that extent.               (c)   In relation to each Restricted Lender, the representations contained in Section  3.21 (Anti-Corruption and Sanctions Laws) above shall only apply for the benefit of that Restricted  Lender to the extent that such benefit would not result in (i) any violation of, conflict with or liability  under EU Regulation (EC) 2271/96 or (ii) a violation or conflict with section 7 foreign trade rules (AWV)  (Außenwirtschaftsverordnung) (in connection with section 4 and section 19 paragraph 3 no. 1 a) of the  German Foreign Trade Akt (Außenwirtschaftsgesetz, AWG)) or a similar anti-boycott statute by such  Restricted Lender. In connection with any amendment, waiver, determination or direction relating to any  part of Section 3.21 (Anti-Corruption and Sanctions Laws) of which a Restricted Lender does not have  the benefit, the Commitments of that Restricted Lender will be excluded for the purpose of determining  whether any applicable quorum has been obtained or whether the determination or direction such  applicable quorum has been made.                                    ARTICLE IV                                                                            CONDITIONS               SECTION 4.01  Conditions Precedent to Effectiveness.  This Agreement shall become  effective on and as of the date on which all of the following conditions precedent shall have been  satisfied:               (a)    Credit Agreement and Loan Documents.  The Agent shall have received (i) from  each party hereto either (A) a counterpart of this Agreement signed on behalf of such party or (B) written  evidence satisfactory to the Agent that such party has signed a counterpart of this Agreement and (ii) fully  executed copies of the other Loan Documents to be entered into on the Closing Date and such other  certificates, documents, instruments and agreements as the Agent shall reasonably request in connection  with the transactions contemplated by this Agreement and the other Loan Documents, including any  promissory notes requested by a Lender pursuant to Section 2.07 at least five (5) Business Days prior to  the Closing Date.               (b)   Legal Opinions.  The Agent shall have received, on behalf of itself and the  Lenders on the Closing Date, a favorable written opinion of (i) Simpson Thacher & Bartlett LLP, special  New York counsel for the Loan Parties and (ii) local or other counsel reasonably satisfactory to the Agent  as specified on Schedule 4.01(b), in each case (A) dated the Closing Date, (B) addressed to the Agent and  the Lenders as of the Closing Date and (C) in form and substance reasonably satisfactory to the Agent and  covering such customary matters under the laws of the respective jurisdiction in which such counsel is      

 

    admitted to practice relating to the Loan Documents and the Transactions, as the Agent shall reasonably  request.               (c)   Financial Statements and Projections.  The Lenders shall have received (i) the  financial statements referred to in Sections 3.04(a) and (b) and (ii) projections for the U.S. Borrower and  its Restricted Subsidiaries on a pro forma basis for completion of the Refinancing Transactions for the  fiscal years 2017 through 2021.               (d)   Closing Certificates; Certified Certificate of Incorporation; Good Standing  Certificates.  The Agent shall have received (i) a certificate of each Loan Party (other than any Foreign  Borrower) and the Canadian Borrower, dated the Closing Date and executed by its Secretary, Assistant  Secretary or director, which shall (A) certify the resolutions of its Board of Directors, members or other  body authorizing the execution, delivery and performance of the Loan Documents to which it is a party,  (B) identify by name and title and bear the signatures of the other officers of such Loan Party authorized  to sign the Loan Documents to which it is a party, and (C) contain appropriate attachments, including the  certificate or articles of incorporation or organization of each such Loan Party or Canadian Borrower (and  in the case of any such Loan Party, certified by the relevant authority of the jurisdiction of organization of  such Loan Party), and a true and correct copy of its by-laws, memorandum and articles of incorporation  or operating, management, partnership or equivalent agreement to the extent applicable, and (ii) a good  standing certificate for each Loan Party (other than any Foreign Borrower) from its jurisdiction of  organization to the extent such concept exists in such jurisdiction.               (e)   Fees.  The Lenders and the Agent shall have received all fees required to be paid,  and all expenses for which invoices have been presented by three (3) Business Days prior to the Closing  Date (including the reasonable documented fees and expenses of legal counsel), on or before the Closing  Date.               (f)   Lien and Judgment Searches.  The Agent shall have received the results of recent  lien and judgment searches in each of the jurisdictions reasonably requested by it.               (g)   Solvency.  The Agent shall have received a customary certificate from the chief  financial officer of the U.S. Borrower certifying that the Loan Parties, on a consolidated basis after giving  effect to the Refinancing Transactions to occur on the Closing Date, are solvent (within the meaning of  Section 3.15).               (h)   Pledged Stock; Stock Powers; Pledged Notes.  To the extent not previously  delivered to the Agent under the Existing Credit Agreement, the Agent shall have received (i) the  certificates representing the shares of Capital Stock of each Domestic Subsidiary pledged pursuant to the  Security Agreement, together with an undated stock power for each such certificate executed in blank by  a duly authorized officer of the pledgor thereof, (ii) each promissory note and other instrument (if any)  pledged to the Agent pursuant to the Security Agreement (to the extent required thereby) endorsed  (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof  and (iii) the certificates representing the shares of Capital Stock of each Restricted Subsidiary formed  under the laws of Canada (or any province thereof) that are pledged pursuant to the Security Agreement  (to the extent required thereby), together with an undated stock power for each such certificate executed  in blank by a duly authorized officer of the pledgor thereof.               (i)   Perfection Certificate; Filings, Registrations and Recordings.  The Agent shall  have received (i) a completed Perfection Certificate dated the Closing Date and signed by a Responsible  Officer of the U.S. Borrower, together with all attachments contemplated thereby and (ii) each document  (including any UCC financing statement) reasonably requested by the Agent to be filed, registered or      

 

    recorded in order to create in favor of the Agent, for the benefit of the Secured Parties, a perfected Lien  on the Collateral.               (j)   Refinancing Transactions.  The Agent shall be reasonably satisfied with the  arrangements to consummate the Refinancing Transactions substantially concurrently with the initial  credit extensions hereunder and to release all Liens securing the Existing Credit Agreement.               (k)   PATRIOT Act.  The Agent shall have received all documentation and other  information reasonably requested by it at least five (5) Business Days prior to the Closing Date that is  required to be obtained or maintained by it by regulatory authorities under applicable “know your  customer” and anti-money laundering or terrorist financing rules and regulations, including the USA  PATRIOT Act.               (l)   European Borrower Closing Deliverables.  The Agent (or its counsel) shall have  received from the European Borrowers:       (i)     A copy of the constitutional documents of each European Borrower (being, in respect of              the Lux Borrower, its up-to-date articles of association (statuts coordonnés) and an              excerpt from the Luxembourg Register pertaining to the Lux Borrower) or a certificate of              an authorized signatory of each European Borrower certifying that the constitutional              documents previously delivered to the Agent for the purposes of the Existing Credit              Agreement have not been amended and remain in full force and effect;      (ii)     In respect of the German Borrower an up-to-date excerpt from the commercial register              (Handelsregister) at which such German Borrower is registered;      (iii)    In respect of the Lux Borrower, a negative certificate (certificat de non inscription d'une              décision judiciaire) pertaining to each obligor issued by the Luxembourg Register, dated              the date of this Agreement or, if this Agreement is signed outside business hours in              Luxembourg, either the date of this Agreement or (if this Agreement is signed after              midnight) the day before stating that on the day immediately prior to the date of issuance              of the negative certificate, there were no records at the Luxembourg Register of any court              order regarding, amongst others, a (i) bankruptcy adjudication against the obligor, (ii)              reprieve from payment (sursis de paiement), (iii) controlled management (gestion              contrôlée) or (iv) composition with creditors (concordat préventif de la faillite).      (iv)     To the extent applicable, a copy of a resolution of the Board of Directors or equivalent              body of each European Borrower (or a committee of its board of directors) approving the              terms of, the transactions contemplated by, and the execution, delivery and performance              of the Loan Documents to which it is a party;      (v)      If applicable, a copy of a resolution of the Board of Directors or equivalent body of each              European Borrower establishing the committee referred to in clause (iii) above;      (vi)     A specimen of the signature of each person authorized on behalf of each European              Borrower to execute or witness the execution of any Loan Document or to sign or send              any document or notice in connection with any Loan Document;     (vii)     If applicable, a copy of a resolution, signed by all of the holders of the issued or (in the              case of the German Borrower) allotted shares, approving the terms of, the transactions      

 

                contemplated by, and the execution, delivery and performance of the Loan Documents to              which it is a party;     (viii)    A certificate of an authorized signatory of each European Borrower:                     (A)   confirming that borrowing by the European Borrower of the              Commitments to such European Borrower would not breach any borrowing, guarantee or              similar limit binding on it (in each case, subject to any limitations set out in this              Agreement);                      (B)   certifying that each copy document relating to it and specified in this              clause (s) as being delivered by it is correct and complete and that the original of each of              those documents is in full force and effect and has not been amended or superseded as at              a date no earlier than the Closing Date; and                     (C)   in respect of the Lux Borrower, confirming that (i) that it is solvent, (ii)              that the entry by it into the Loan Documents to which it is a party will neither              compromise its financial position nor render it insolvent as a matter of Luxembourg law              and (iii) it does not carry on any activity that would require the holding of a license under              Luxembourg law.               (m)   The Agent shall have received a certificate dated the Closing Date and signed by  a Responsible Officer of the U.S. Borrower certifying that each of the conditions set forth in Section  4.02(b) have been satisfied.               SECTION 4.02  Conditions Precedent to Each Loan and Letter of Credit.  The  obligation of each Lender on any date to make any Loan or of any Issuing Bank to issue, increase, renew,  amend or extend any Letter of Credit is subject to the satisfaction of each of the following conditions  precedent:               (a)   Request for Borrowing or Issuance of Letter of Credit.  With respect to any Loan,        the Agent shall have received a duly executed Borrowing Request, and, with respect to any Letter        of Credit, the Agent and the relevant Issuing Bank shall have received a request for a Letter of        Credit complying with Section 2.04.               (b)   Representations and Warranties; No Defaults.  Subject to Section 1.10, on the        date of such Loan or issuance, both before and after giving effect thereto and, in the case of any        Loan, to the application of the proceeds thereof:                     (i)   the representations and warranties set forth in Article III and in the other              Loan Documents shall be true and correct in all material respects with the same effect as              though made on and as of such date, except to the extent such representations and              warranties expressly relate to an earlier date, in which case such representations and              warranties shall have been true and correct in all material respects as of such earlier date;              provided that any representation or warranty that is qualified as to materiality or              “Material Adverse Effect” shall be true and correct in all respects; and                     (ii)  no Default shall have occurred and be continuing.   Subject to Section 1.10, the acceptance by a Borrower of the proceeds of each Loan requested in any  Borrowing Request, and the issuance of each Letter of Credit requested hereunder at the request of any      

 

    Borrower, shall be deemed to constitute a representation and warranty by such Borrower as to the matters  specified in clause (b) above on the date of the making of such Loan or the issuance of such Letter of  Credit (except that no opinion need be expressed as to the Agent’s or the Required Lenders’ satisfaction  with any document, instrument or other matter).                                    ARTICLE V                                                                     AFFIRMATIVE COVENANTS               Until the Discharge of Obligations, each Loan Party covenants and agrees, jointly and  severally with all of the Loan Parties, with the Lenders that:               SECTION 5.01  Financial Statements and Other Information.  The U.S. Borrower will  furnish to the Agent (which will promptly furnish such information to the Lenders in accordance with its  customary practice):               (a)   within ninety (90) days after the end of each fiscal year of the U.S. Borrower,        commencing with the fiscal year ending September 30, 2017, its audited consolidated balance        sheet and related statements of earnings, shareholders’ equity and cash flows as of the end of and        for such year, setting forth in each case in comparative form the figures for the previous fiscal        year, all reported on by KPMG LLP or other independent public accountants of recognized        national standing and reasonably acceptable to the Agent (without a “going concern” or like        qualification or exception or exception as to the scope of such audit (other than a “going concern”        qualification attributable solely to upcoming maturity under this Agreement)) to the effect that        such consolidated financial statements present fairly, in all material respects, the financial        position and results of operations of the U.S. Borrower and its consolidated Subsidiaries on a        consolidated basis in accordance with GAAP;               (b)   within forty-five (45) days after the end of each of the first three fiscal quarters of        each fiscal year of the U.S. Borrower commencing with the fiscal quarter ending March 31, 2017,        its consolidated balance sheet and related statements of earnings and cash flows as of the end of        and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each        case in comparative form the figures for the corresponding period or periods of (or, in the case of        the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial        Officers as presenting fairly, in all material respects, the financial position and results of        operations of the U.S. Borrower and its consolidated Subsidiaries on a consolidated basis in        accordance with GAAP, subject to normal year-end audit adjustments;               (c)   concurrently with any delivery of financial statements under clause (a) or (b)        above commencing with the financial statements for the fiscal quarter ending June 30, 2017, a        Compliance Certificate signed by a Financial Officer of the U.S. Borrower in substantially the        form of Exhibit C (i) setting forth the calculations required to establish whether the U.S.        Borrower and the Restricted Subsidiaries were in compliance with the provisions of Section 6.10        as at the end of such fiscal year or period, as the case may be, (ii) certifying that no Event of        Default or Default has occurred or, if an Event of Default or Default has occurred, specifying the        details thereof and any action taken or proposed to be taken with respect thereto and (iii) setting        forth, in the case of the financial statements delivered under clause (a), (x) commencing with the        fiscal year ending on or around September 30, 2017, the U.S. Borrower’s calculation of Excess        Cash Flow for the Excess Cash Flow Period ending on the last day of such fiscal year and (y) a        list of names of all Immaterial Subsidiaries (if any), that each Restricted Subsidiary set forth on        such list individually qualifies as an Immaterial Subsidiary and that all Domestic Subsidiaries      

 

          listed as Immaterial Subsidiaries in the aggregate comprise less than 5% of Total Assets of the        U.S. Borrower and the Restricted Subsidiaries at the end of the period to which such financial        statements relate and represented (on a contribution basis) less than 5% of EBITDA of the U.S.        Borrower for the period to which such financial statements relate;               (d)   concurrently with any delivery of consolidated financial statements under clause        (a) or (b) above, the related unaudited consolidating financial information reflecting the        adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such        consolidated financial statements;               (e)   [Reserved];               (f)   as soon as practicable upon the reasonable request of the Agent, deliver an        updated Perfection Certificate (or, to the extent such request relates to specified information        contained in the Perfection Certificate, such information) reflecting all changes since the date of        the information most recently received pursuant to this clause (f) or Section 5.11;               (g)   promptly after the same become publicly available, copies of all periodic and        other reports, proxy statements and other materials publicly filed by the U.S. Borrower or any        Restricted Subsidiary with the SEC, or with any other securities exchange, or, after an initial        public offering of shares of Capital Stock of the U.S. Borrower, distributed by the U.S. Borrower        to its shareholders generally, as the case may be;               (h)   promptly following the Agent’s request therefor, all documentation and other        information that the Agent reasonably requests on its behalf or on behalf of any Lender in order        to comply with its ongoing obligations under applicable “know your customer” and anti-money        laundering or terrorist financing rules and regulations, including the USA PATRIOT Act; and               (i)   as promptly as reasonably practicable from time to time following the Agent’s        request therefor, such other information regarding the operations, business affairs and financial        condition of Holdings, the U.S. Borrower or any Restricted Subsidiary, or compliance with the        terms of any Loan Document, as the Agent may reasonably request (on behalf of itself or any        Lender).               Notwithstanding the foregoing, the obligations in clauses (a) and (b) of this Section 5.01  may be satisfied with respect to financial information of the U.S. Borrower and its Subsidiaries by  furnishing (A) the applicable financial statements of Holdings (or any direct or indirect parent of  Holdings) or (B) the U.S. Borrower’s or Holdings’ (or any direct or indirect parent thereof), as applicable,  Form 10-K or 10-Q, as applicable, filed with the SEC; provided that, with respect to each of clauses (A)  and (B), (i) to the extent such information relates to Holdings (or a parent thereof), such information is  accompanied by consolidating information that explains in reasonable detail the differences between the  information relating to Holdings (or such parent), on the one hand, and the information relating to the  U.S. Borrower and its Subsidiaries on a standalone basis, on the other hand and (ii) to the extent such  information is in lieu of information required to be provided under clause (a) of this Section 5.01, such  materials are accompanied by a report and opinion of KPMG LLP or other independent public  accountants of recognized national standing and reasonably acceptable to the Agent, which report and  opinion shall be prepared in accordance with generally accepted auditing standards and shall not be  subject to any “going concern” or like qualification or exception or any qualification or exception as to  the scope of such audit (other than a “going concern” attributable solely to an upcoming maturity under  this Agreement).      

 

                The U.S. Borrower represents and warrants that it, its controlling Person and any  Subsidiary, in each case, if any, either (i) has no registered or publicly traded securities outstanding, or (ii)  files its financial statements (or those of its controlling Person together with consolidating information  with respect to the U.S. Borrower) with the SEC and/or makes its financial statements (or those of its  controlling Person together with consolidating information with respect to the U.S. Borrower) available to  potential holders of its 144A securities, and, accordingly, the U.S. Borrower hereby (i) authorizes the  Agent to make the financial statements to be provided under Section 5.01(a) and (b) above, along with the  Loan Documents, available to Public-Siders and (ii) agrees that at the time such financial statements are  provided hereunder, they shall already have been made available to holders of its securities.  The  Borrower will not request that any other material be posted to Public-Siders without expressly  representing and warranting to the Agent in writing that such materials do not constitute material non- public information within the meaning of the federal securities laws or that the U.S. Borrower and each of  its controlling Persons has no outstanding publicly traded securities, including 144A securities.   Notwithstanding anything herein to the contrary, in no event shall the U.S. Borrower request that the  Agent make available to Public-Siders budgets or any certificates, reports or calculations with respect to  the Borrower’s compliance with the covenants contained herein.                 Documents required to be delivered pursuant to clause (a), (b), (d) or (f) of this  Section 5.01 may be delivered electronically and if so delivered, shall be deemed to have been delivered  on the date (i) on which the U.S. Borrower posts such documents, or provides a link thereto on the U.S.  Borrower’s website on the Internet at the website address listed on Schedule 9.01; (ii) on which such  documents are posted on the U.S. Borrower’s behalf on IntraLinksTM or a substantially similar electronic  platform, if any, to which each Lender and the Agent have access (whether a commercial, third-party  website or whether sponsored by the Agent); or (iii) on which such documents are filed for public  availability on the SEC’s Electronic Data Gathering and Retrieval System; provided that the U.S.  Borrower shall notify (which may be by facsimile or electronic mail) the Agent of the posting of any such  documents and provide to the Agent by electronic mail electronic versions (i.e., soft copies) of such  documents.               SECTION 5.02  Notices of Material Events.  The U.S. Borrower will furnish to the  Agent written notice of the following promptly after any Responsible Officer of Holdings or the U.S.  Borrower obtains knowledge thereof:               (a)   the occurrence of any Event of Default or Default;                (b)   the filing or commencement of any action, suit or proceeding, whether at law or        in equity or by or before any Governmental Authority or in arbitration, against Holdings, the U.S.        Borrower or any of the Restricted Subsidiaries as to which an adverse determination is reasonably        probable and which, if adversely determined, would reasonably be expected to have a Material        Adverse Effect; and               (c)   the occurrence of any ERISA Event that, together with all other ERISA Events        that have occurred and are continuing, would reasonably be expected to have a Material Adverse        Effect.   Each notice delivered under this Section 5.02 shall be accompanied by a statement of a Responsible  Officer of the U.S. Borrower setting forth the details of the event or development requiring such notice  and any action taken or proposed to be taken with respect thereto.               SECTION 5.03  Existence; Conduct of Business.  Each Loan Party will, and will cause  each Restricted Subsidiary to, do or cause to be done all things reasonably necessary to preserve, renew      

 

    and keep in full force and effect its legal existence and the rights, qualifications, licenses, permits,  franchises, governmental authorizations, intellectual property rights, licenses and permits (except as such  would otherwise reasonably expire, be abandoned or permitted to lapse in the ordinary course of  business), necessary in the normal conduct of its business, and maintain all requisite authority to conduct  its business in each jurisdiction in which its business is conducted, except (i) other than with respect to  Holdings’ or any Borrower’s existence, to the extent such failure to do so would not reasonably be  expected to have a Material Adverse Effect or (ii) pursuant to a transaction permitted by Section 6.03.               SECTION 5.04  Payment of Taxes.  Each Loan Party will, and will cause each  Subsidiary to, pay or discharge all material Tax liabilities, before the same shall become delinquent or in  default, except where (a) the validity or amount thereof is being contested in good faith by appropriate  proceedings, (b) such Loan Party or such Subsidiary has set aside on its books adequate reserves with  respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest,  individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.               SECTION 5.05  Maintenance of Properties.  Each Loan Party will, and will cause each  Restricted Subsidiary to (a) at all times maintain and preserve all material property necessary to the  normal conduct of its business in good repair, working order and condition, ordinary wear and tear  excepted and casualty or condemnation excepted and (b) make, or cause to be made, all needful and  proper repairs, renewals, additions, improvements and replacements thereto as necessary in accordance  with prudent industry practice in order that the business carried on in connection therewith, if any, may be  properly conducted at all times, except, in each case, where the failure to do so, individually or in the  aggregate, would not reasonably be expected to result in a Material Adverse Effect.               SECTION 5.06  Books and Records; Inspection Rights.  The U.S. Borrower shall, and  shall cause its Restricted Subsidiaries, to permit representatives and independent contractors of the Agent  and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating  records, and make abstracts therefrom, and to discuss its affairs, finances and accounts with its directors,  officers, and independent public accountants, all at the reasonable expense of the U.S. Borrower and at  such reasonable times during normal business hours and as often as may be reasonably desired, upon  reasonable advance notice to the U.S. Borrower (it being understood that, in the case of any such  meetings or advice from such independent accountants, the U.S. Borrower shall be deemed to have  satisfied its obligations under this Section 5.06 to the extent that it has used commercially reasonable  efforts to cause its independent accountants to participate in any such meeting); provided that, excluding  any such visits, meetings and inspections during the continuation of an Event of Default, only the Agent  on behalf of the Lenders may exercise rights of the Agent and the Lenders under this Section 5.06 and the  Agent shall not exercise such rights more often than two (2) times during any calendar year absent the  existence of an Event of Default and only one (1) such time shall be at the U.S. Borrower’s expense;  provided, further, that when an Event of Default exists, the Agent or any Lender (or any of their  respective representatives or independent contractors) may do any of the foregoing at the expense of the  U.S. Borrower at any time during normal business hours and upon reasonable advance notice.  The Agent  and the Lenders shall give the U.S. Borrower the opportunity to participate in any discussions with the  U.S. Borrower’s independent public accountants.               SECTION 5.07  Maintenance of Ratings.  Holdings and the U.S. Borrower shall use  their commercially reasonable efforts to cause the credit facilities provided for herein to be continuously  rated by S&P and Moody’s and to maintain a corporate family rating of the U.S. Borrower from each of  S&P and Moody’s.               SECTION 5.08  Compliance with Laws.  Each Loan Party will, and will cause each  Subsidiary to, comply in all material respects with all Requirements of Law applicable to it or its      

 

    property, except where the failure to do so, individually or in the aggregate, would not reasonably be  expected to result in a Material Adverse Effect.               SECTION 5.09  Use of Proceeds.               (a)   The proceeds of the Loans and other extensions of credit under this Agreement  will be used only for the purposes specified in the introductory statement to this Agreement or, in the case  of the Canadian Term A-1 Loans funded on the Incremental Amendment No. 3 Effective Date, the U.S.  Term B-2 Loans funded on the Amendment No. 5 Effective Date, the U.S. Term B-3 Loans funded on the  Amendment No. 6 Effective Date and, each of the Canadian Term A-2 Loans, Euro Term A-1 Loans and  Yen Term C-1 Loans funded on the Amendment No. 7 Effective Date, and the U.S. Term B-4 Loans  funded on the Incremental Amendment No. 8 Effective Date, in the introductory statement to Incremental  Amendment No. 3, Amendment No. 5, Amendment No. 6 and, Amendment No. 7 and Incremental  Amendment No. 8, respectively.  No part of the proceeds of any Loan or other extension of credit  hereunder will be used, whether directly or indirectly, for any purpose that would entail a violation of  Regulation T, U or X.               (b)   The Borrowers will not, and will not permit any of their Subsidiaries to, request  any Borrowing or Letter of Credit, and the Borrowers shall not use, and shall procure that their  Subsidiaries and their respective directors, officers, employees and agents of the Borrowers and their  Subsidiaries shall not use the proceeds of any Borrowing or Letter of Credit for the purpose of (A)  offering, paying, promising to pay or authorizing of the payment or giving of money, or anything else of  value, to any Person in violation of any applicable Anti-Corruption Law, (B) funding, financing or  facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned  Country, except to the extent permitted for a Person required to comply with Sanctions or (C) in any  manner that would result in the violation of any Sanctions applicable to any party hereto.                (c)   The undertaking contained in Section 5.09 (Use of Proceeds) above is only given  by any German Relevant Person to the extent that, by agreeing to it, compliance with it, exercising it,  having such obligation or right, or otherwise, it would not be placed in violation of any law applicable to  it relating to foreign trades (Außenwirtschaft) (including without limitation EU Regulation (EC) 2271/96  and section 7 foreign trade rules (AWV) (Außenwirtschaftsverordnung) in conjunction with section 4 and  section 19 paragraph 3 no. 1 a) of the German Foreign Trade Act (Außenwirtschaftsgesetz, AWG)) and  Section 5.09 (Use of Proceeds) shall be so limited and shall not apply to that extent.               (d)   In relation to each Restricted Lender, the undertaking contained in Section 3.21  (Anti-Corruption and Sanctions Laws) above shall only apply for the benefit of that Restricted Lender to  the extent that such benefit would not result in (i) any violation of, conflict with or liability under EU  Regulation (EC) 2271/96 or (ii) a violation or conflict with section 7 foreign trade rules (AWV)  (Außenwirtschaftsverordnung) (in connection with section 4 and section 19 paragraph 3 no. 1 a) of the  German Foreign Trade Akt (Außenwirtschaftsgesetz, AWG)) or a similar anti-boycott statute by such  Restricted Lender. In connection with any amendment, waiver, determination or direction relating to any  part of Section 5.09 (Use of Proceeds) of which a Restricted Lender does not have the benefit, the  Commitments of that Restricted Lender will be excluded for the purpose of determining whether any  applicable quorum has been obtained or whether the determination or direction such applicable quorum  has been made.               SECTION 5.10  Insurance.               (a)   Each Loan Party will, and will cause each Restricted Subsidiary to, maintain,  with financially sound and reputable insurance companies (i) insurance in such amounts and against such      

 

    risks, as are customarily maintained by similarly situated companies engaged in the same or similar  businesses operating in the same or similar locations (after giving effect to any self-insurance reasonable  and customary for similarly situated companies) and (ii) all insurance required pursuant to the Collateral  Documents (and shall use commercially reasonable efforts to cause the Agent to be listed as a loss payee  on property and casualty policies covering loss or damage to Collateral and as an additional insured on  commercial general liability policies).  The U.S. Borrower will furnish to the Agent, upon request,  information in reasonable detail as to the insurance so maintained.               (b)   With respect to each Mortgaged Property, if at any time the area in which any  improvements are located on any Mortgaged Property is designated a special “flood hazard area” in any  Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor  agency), (i) maintain flood insurance in such total amount as the Agent may from time to time reasonably  require and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant  to the Flood Insurance Laws and which shall otherwise be in form and substance reasonably satisfactory  to the Agent and comply with the Flood Insurance Laws and (ii) deliver to the Agent evidence of such  compliance in form and substance reasonably acceptable to the Agent including, without limitation,  evidence of annual renewals of such insurance.               SECTION 5.11  Additional Collateral; Further Assurances.               (a)   The U.S. Borrower shall cause (i) each of its Domestic Subsidiaries (other than  any Excluded Subsidiary) which becomes a Domestic Subsidiary after the Closing Date (other than any  Subsidiary created pursuant to and solely for the purpose of Section 6.06(r)) and (ii) any such Domestic  Subsidiary that was an Excluded Subsidiary but, as of the end of the most recently ended fiscal quarter of  the U.S. Borrower has ceased to qualify as an Immaterial Subsidiary (other than any Subsidiary which  ceases to qualify as an Excluded Subsidiary pursuant to the Disposition permitted in Section 6.06(r)), to  become a Loan Party as promptly thereafter as reasonably practicable (and in any event within 30 days of  the date such Subsidiary becomes a Domestic Subsidiary or ceases to be an Excluded Subsidiary (or such  longer time period as may be reasonably agreed to by the Agent)) by executing a Joinder Agreement in  substantially the form set forth as Exhibit D hereto (the “Joinder Agreement”).  Upon execution and  delivery thereof, each such Person (i) shall automatically become a Loan Guarantor hereunder and  thereupon shall have all of the rights, benefits, duties, and obligations in such capacity under the Loan  Documents and (ii) will simultaneously therewith or as soon as practicable thereafter (and in any event  within 30 days of the date such Subsidiary becomes a Domestic Subsidiary or ceases to be an Excluded  Subsidiary (or such longer time period as may be reasonably agreed to by the Agent)) grant Liens to the  Agent, for the benefit of the Agent and the other Secured Parties to the extent required by the terms of the  Collateral Documents, in any property (subject to the limitations with respect to Equity Interests set forth  in paragraph (b) of this Section 5.11 and the Security Agreement, the limitations with respect to real  property set forth in paragraph (f) of this Section 5.11 and any other limitations set forth in the Security  Agreement) of such Loan Party (other than Excluded Assets), on such terms as may be required pursuant  to the terms of the Collateral Documents or otherwise constitute Excluded Assets.               (b)   The U.S. Borrower and each Domestic Subsidiary that is a Loan Party will cause  (i) 100% of the issued and outstanding Equity Interests of each of its Domestic Subsidiaries, other than  (x) any FSHCO, (y) any Receivables Subsidiary and (z) any Subsidiary created pursuant to and solely for  the purpose of Section 6.06(r), and (ii) (A) 65% of the issued and outstanding Equity Interests entitled to  vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and (B) 100% of the issued and  outstanding Equity Interests not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2))  in each case of clause (A) and (B) above, of each Foreign Subsidiary and FSHCO owned directly by the  U.S. Borrower or any Subsidiary Guarantor to be subject at all times to a first priority perfected Lien in  favor of the Agent pursuant to the terms and conditions of the Loan Documents or other security      

 

    documents as the Agent shall reasonably request; provided, however, that (x) this clause (b) shall not  require any Loan Party to grant a security interest in the Equity Interests of any Unrestricted Subsidiary  and (y) no pledge of any Equity Interests shall be required to the extent such Equity Interests are excluded  from the Collateral pursuant to the terms of the Security Agreement.               (c)   Without limiting the foregoing, each Loan Party (other than any Foreign  Borrower) will, and will cause each Loan Party (other than any Foreign Borrower) to, execute and  deliver, or cause to be executed and delivered, to the Agent such documents, agreements and instruments,  and will take or cause to be taken such further actions (including the filing and recording of financing  statements, fixture filings, mortgages, deeds of trust and other documents and such other actions or  deliveries of the type required by Article IV, as applicable), which are required by law and which the  Agent may, from time to time, reasonably request to carry out the terms and conditions of this Agreement  and the other Loan Documents and to ensure perfection and priority of the Liens created or intended to be  created by the Collateral Documents (subject to the limitations with respect to Equity Interests set forth in  paragraph (b) of this Section 5.11, the limitations with respect to real property set forth in paragraph (f) of  this Section 5.11 and any other limitations set forth in the Security Agreement), all at the expense of the  Loan Parties.               (d)   Subject to the limitations set forth or referred to in this Section 5.11, if any  material assets (including any real property or improvements thereto or any interest therein) are acquired  by the U.S. Borrower or any Subsidiary that is a Loan Party after the Closing Date (other than (i)  Excluded Assets and (ii) assets constituting Collateral under the Security Agreement that become subject  to the Lien in favor of the Agent upon acquisition thereof), the U.S. Borrower will notify the Agent and  the Lenders thereof, and the U.S. Borrower will cause such assets to be subjected to a Lien securing the  Secured Obligations and will take, and cause the Loan Parties that are Subsidiaries to take, such actions  (including, with respect to real property, the deliverables listed on Schedule 5.12) as shall be necessary or  reasonably requested by the Agent to grant and perfect such Liens (in each case, to the extent required  under clauses (a), (b) and (c) above, clause (f) below, Section 5.12 and by the Security Agreement),  including actions described in clause (c) of this Section 5.11, all at the expense of the Loan Parties.               (e)   If, at any time and from time to time after the Closing Date, Domestic  Subsidiaries that are Excluded Subsidiaries solely because they are Immaterial Subsidiaries comprise in  the aggregate more than 5% of Total Assets as of the end of the most recently ended fiscal quarter of the  U.S. Borrower or more than 5% of EBITDA of the U.S. Borrower for the most recently ended Test  Period, then the U.S. Borrower shall, not later than 45 days after the date by which financial statements  for such quarter are required to be delivered pursuant to this Agreement, cause one or more such  Domestic Subsidiaries to become additional Loan Parties (notwithstanding that such Domestic  Subsidiaries are, individually, Immaterial Subsidiaries) such that the foregoing condition ceases to be  true.               (f)   Notwithstanding anything to the contrary in this Section 5.11, real property  required to be mortgaged under this Section 5.11 shall be limited to real property located in the United  States of America owned in fee by a Loan Party having a fair market value at the time of the acquisition  thereof of $15.0 million or more and that does not otherwise constitute an Excluded Asset (as defined in  the Security Agreement) (provided that the cost of perfecting such Lien is not unreasonable in relation to  the benefits to the Lenders of the security afforded thereby in the Agent’s reasonable judgment after  consultation with the U.S. Borrower).                (g)   Notwithstanding the foregoing provisions of this definition or anything in this  Agreement or any other Loan Document to the contrary, (a) the foregoing provisions of this Section 5.11  (or other provision of the Loan Documents) shall not require the creation or perfection of pledges of or      

 

    security interests in, or the obtaining of title insurance, legal opinions or other deliverables with respect  to, particular assets of the Loan Parties, or the provision of guarantees by any Subsidiary, if, and for so  long as and to the extent that the Agents and the U.S. Borrower reasonably agree in writing that the cost  of creating or perfecting such pledges or security interests in such assets, or obtaining such title insurance,  legal opinions or other deliverables in respect of such assets, or providing such guarantees (taking into  account any material adverse Tax consequences to Holdings and its Subsidiaries (including the imposition  of withholding or other material Taxes)), shall be excessive in view of the benefits to be obtained by the  Lenders therefrom, (b) in no event shall control agreements or other control or similar arrangements be  required with respect to deposit accounts, securities accounts or commodities accounts, (c) no perfection  actions shall be required with respect to vehicles and other assets subject to certificates of title (other than  the filing of UCC financing statements), (d) no perfection actions shall be required with respect to  commercial tort claims with a value less than $10.0 million and no perfection actions shall be required  with respect to promissory notes evidencing debt for borrowed money in a principal amount of less than  $10.0 million (other than the filing of UCC financing statements), (e) no actions in any non-U.S.  jurisdiction or required by the laws of any non-U.S. jurisdiction shall be required to be taken to create any  security interests in assets located or titled outside of the United States (including any Equity Interests of  Foreign Subsidiaries and any foreign intellectual property) or to perfect or make enforceable any security  interests in any such assets (it being understood that there shall be no security agreements or pledge  agreements governed under the laws of any non-U.S. jurisdiction), (f) no actions shall be required to  perfect a security interest in letter of credit rights (other than the filing of UCC financing statements) and  (g) in no event shall the Collateral include any Excluded Assets.  The Agent may grant extensions of time  or waivers for the creation and perfection of security interests in or the obtaining of title insurance, legal  opinions or other deliverables with respect to particular assets or the provision of any guarantee by any  Subsidiary where it determines that such action cannot be accomplished without undue effort or expense  by the time or times at which it would otherwise be required to be accomplished by this Agreement or the  other Loan Documents.               SECTION 5.12  Post-Closing Requirements.  Except as otherwise agreed by the Agent  in its sole discretion, the U.S. Borrower shall, and shall cause each of the other Loan Parties to, deliver  each of the documents, instruments and agreements and take each of the actions set forth on Schedule  5.12, if any, within the time periods set forth therein (or such longer time periods as determined by the  Agent in its sole discretion).                                    ARTICLE VI                                                                       NEGATIVE COVENANTS               Until the Discharge of Obligations, the Loan Parties covenant and agree, jointly and  severally, with the Lenders that:               SECTION 6.01  Limitation on Incurrence of Indebtedness and Issuance of  Disqualified Stock and Preferred Stock.               (a)   The U.S. Borrower will not, and will not permit any Restricted Subsidiary to,  directly or indirectly, create, incur, issue, assume, guarantee or otherwise become directly or indirectly  liable, contingently or otherwise (collectively, “incur” and collectively, an “incurrence”), with respect to  any Indebtedness (including Acquired Indebtedness), and the U.S. Borrower will not issue any shares of  Disqualified Stock and will not permit any Restricted Subsidiary to issue any shares of Disqualified Stock  or Preferred Stock; provided that so long as no Event of Default has occurred and is continuing the U.S.  Borrower may incur Indebtedness (including Acquired Indebtedness) or issue shares of Disqualified  Stock, and any Restricted Subsidiary may incur Indebtedness (including Acquired Indebtedness), issue      

 

    shares of Disqualified Stock or issue shares of Preferred Stock, if the U.S. Borrower’s Interest Coverage  Ratio for the U.S. Borrower’s most recently ended Test Period would have been at least 2.00 to 1.00,  determined on a pro forma basis (including a pro forma application of the net proceeds therefrom), as if  the additional Indebtedness had been incurred, or the Disqualified Stock or Preferred Stock had been  issued, as the case may be, and the application of the proceeds therefrom had occurred at the beginning of  such Test Period; provided, further, that any incurrence of Indebtedness or issuance of Disqualified Stock  or Preferred Stock by any Restricted Subsidiary that is not a Subsidiary Guarantor pursuant to this clause  (a) shall be subject to the limitations set forth in Section 6.01(g).               (b)   The limitations set forth in clause (a) of this Section 6.01 shall not apply to any  of the following items:               (i)   Indebtedness under any Receivables Facility;               (ii)  Indebtedness of the U.S. Borrower and any of its Restricted Subsidiaries under        the Loan Documents;              (iii)  the incurrence by the U.S. Borrower and any Subsidiary Guarantor of        Indebtedness represented by the New Senior Notes issued prior to the Closing Date (including        any guarantees thereof by the Subsidiary Guarantors);              (iv)   [Reserved];               (v)   Indebtedness (other than Indebtedness under any Receivables Facility) existing        on the Closing Date; provided that any Indebtedness which is in excess of (x) $10.0 million        individually or (y) $50.0 million in the aggregate (when taken together with all other        Indebtedness outstanding in reliance on this clause (v) that is not set forth on Schedule 6.01) shall        only be permitted under this clause (v) to the extent such Indebtedness is set forth on        Schedule 6.01;              (vi)   Indebtedness (including Capitalized Lease Obligations), Disqualified Stock and        Preferred Stock incurred by the U.S. Borrower or any of the Restricted Subsidiaries, to finance        the development, construction, purchase, lease (other than the lease, pursuant to Sale and Lease-       Back Transactions, of property (real or personal), equipment or other fixed or capital assets        owned by the U.S. Borrower or any Restricted Subsidiary as of the Closing Date or acquired by        the U.S. Borrower or any Restricted Subsidiary after the Closing Date in exchange for, or with        the proceeds of the sale of, such assets owned by the U.S. Borrower or any Restricted Subsidiary        as of the Closing Date), repairs, additions or improvement of property (real or personal),        equipment or other fixed or capital assets; provided that either (x) at the time of incurrence of        such Indebtedness or issuance of such Disqualified Stock or Preferred Stock, the aggregate        amount of all outstanding Indebtedness, Disqualified Stock and Preferred Stock incurred pursuant        to this clause (vi), when aggregated with the then outstanding amount of Indebtedness under        clause (xv) incurred to refinance Indebtedness incurred in reliance on this clause (vi), does not        exceed the greater of (A) $400.0 million and (B) 30% of EBITDA for the most recently ended        Test Period as of the time any such Indebtedness is incurred or (y) after giving effect to the        incurrence of such Indebtedness or issuance of such Disqualified Stock or Preferred Stock, the        U.S. Borrower would be in compliance with a Consolidated Secured Debt Ratio of no greater        than 4.50 to 1.00 as of the most recently ended fiscal quarter for which financial statements have        been delivered pursuant to Section 5.01;       

 

                                   (vii)  Indebtedness incurred by the U.S. Borrower or any Restricted Subsidiary  constituting reimbursement obligations with respect to letters of credit or surety bonds issued in  the ordinary course of business, including letters of credit in respect of workers’ compensation  claims, or other Indebtedness with respect to reimbursement type obligations regarding workers’  compensation claims; provided that, upon the drawing of such letters of credit or the incurrence  of such Indebtedness, such obligations are reimbursed within thirty (30) days following such  drawing or incurrence;       (viii)  Indebtedness arising from agreements of the U.S. Borrower or a Restricted  Subsidiary providing for indemnification, adjustment of purchase price or similar obligations, in  each case, incurred or assumed in connection with the disposition of any business, assets or a  Subsidiary, other than guarantees of Indebtedness incurred by any Person acquiring all or any  portion of such business, assets or Subsidiary for the purpose of financing such acquisition;  provided that (A) such Indebtedness is not reflected on the balance sheet of the U.S. Borrower or  any Restricted Subsidiary (contingent obligations referred to in a footnote to financial statements  and not otherwise reflected on the balance sheet shall not be deemed to be reflected on such  balance sheet for purposes of this clause (A)) and (B) the maximum assumable liability in respect  of all such Indebtedness (other than for those indemnification obligations that are not customarily  subject to a cap) shall at no time exceed the gross proceeds including noncash proceeds (the fair  market value of such noncash proceeds being measured at the time received and without giving  effect to any subsequent changes in value) actually received by the U.S. Borrower and the  Restricted Subsidiaries in connection with such disposition;        (ix)   Indebtedness of the U.S. Borrower to a Restricted Subsidiary; provided that any  such Indebtedness owing to a Restricted Subsidiary that is not a Subsidiary Guarantor is  subordinated in right of payment to the Obligations; provided, further, that any subsequent  issuance or transfer of any Capital Stock or any other event which results in any such Restricted  Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such  Indebtedness (except to the U.S. Borrower or another Restricted Subsidiary) shall be deemed, in  each case, to be an incurrence of such Indebtedness;         (x)   Indebtedness of a Restricted Subsidiary to the U.S. Borrower or another  Restricted Subsidiary; provided that if a Subsidiary Guarantor incurs such Indebtedness to a  Restricted Subsidiary that is not a Subsidiary Guarantor, such Indebtedness is subordinated in  right of payment to the obligations of such Subsidiary Guarantor under its Loan Guaranty;  provided, further, that any subsequent issuance or transfer of Capital Stock or any other event that  results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any subsequent  transfer of any such Indebtedness (except to the U.S. Borrower or another Restricted Subsidiary)  shall be deemed, in each case, to be an incurrence of such Indebtedness not permitted by this  clause (x);        (xi)   subject to compliance with Section 6.07, shares of Preferred Stock of a Restricted  Subsidiary issued to the U.S. Borrower or another Restricted Subsidiary; provided that any  subsequent issuance or transfer of Capital Stock or any other event that results in any such  Restricted Subsidiary ceasing to be a Restricted Subsidiary or any subsequent transfer of any such  Preferred Stock (except to the U.S. Borrower or another Restricted Subsidiary) shall be deemed,  in each case, to be an issuance of such shares of Preferred Stock not permitted by this clause (xi);        (xii)  Hedging Obligations (excluding Hedging Obligations entered into for speculative  purposes) for the purpose of limiting:  (A) interest rate risk with respect to any Indebtedness that                                

 

                              is permitted under this Agreement to be outstanding, (B) exchange rate risk or (C) commodity  pricing risk;       (xiii)  obligations in respect of performance, bid, appeal and surety bonds and  completion guarantees and similar obligations provided by the U.S. Borrower or any Restricted  Subsidiary in the ordinary course of business;       (xiv)   (A) any guarantee by the U.S. Borrower or a Restricted Subsidiary of  Indebtedness or other obligations of any Restricted Subsidiary, so long as, in the case of any  guarantee of Indebtedness, the incurrence of such Indebtedness is permitted under the terms of  this Agreement or (B) any guarantee by a Restricted Subsidiary of Indebtedness of the U.S.  Borrower permitted to be incurred under the terms of this Agreement; provided, in each case, that  in the case of any guarantee of Indebtedness of the U.S. Borrower or any Subsidiary Guarantor by  any Restricted Subsidiary that is not a Subsidiary Guarantor, such Restricted Subsidiary executes  a Joinder Agreement in order to become a Subsidiary Guarantor under this Agreement;        (xv)   the incurrence by the U.S. Borrower or any Restricted Subsidiary of  Indebtedness, Disqualified Stock or Preferred Stock that serves to extend, replace, refund,  refinance, renew or defease any Indebtedness, Disqualified Stock or Preferred Stock of such  Person incurred as permitted under paragraph (a) of this Section 6.01 and clauses (iii), (iv), (v)  and (vi) above, this clause (xv) and clauses (xvi), (xvii), (xx)(B) and (xxii) of this paragraph (b)  or any Indebtedness, Disqualified Stock or Preferred Stock issued to so extend, replace, refund,  refinance, renew or defease such Indebtedness, Disqualified Stock or Preferred Stock including  additional Indebtedness, Disqualified Stock or Preferred Stock incurred to pay premiums and fees  (including reasonable lender premiums) in connection therewith (the “Refinancing  Indebtedness”) prior to its respective maturity; provided, however, that such Refinancing  Indebtedness (A) has a Weighted Average Life to Maturity at the time such Refinancing  Indebtedness is incurred which is not less than the remaining Weighted Average Life to Maturity  of the Indebtedness, Disqualified Stock or Preferred Stock being extended, replaced, refunded,  refinanced, renewed or defeased, (B) to the extent such Refinancing Indebtedness extends,  replaces, refunds, refinances, renews or defeases (1) Indebtedness subordinated to the Obligations  or the Loan Guaranty of any Subsidiary Guarantor, such Refinancing Indebtedness is  subordinated to the Obligations or such Loan Guaranty at least to the same extent as the  Indebtedness being extended, replaced, refunded, refinanced, renewed or defeased or (2)  Disqualified Stock or Preferred Stock, such Refinancing Indebtedness must be Disqualified Stock  or Preferred Stock, respectively, and (C) shall not include (1) Indebtedness, Disqualified Stock or  Preferred Stock of a Restricted Subsidiary that is not a Subsidiary Guarantor that refinances  Indebtedness, Disqualified Stock or Preferred Stock of the U.S. Borrower, (2) Indebtedness,  Disqualified Stock or Preferred Stock of a Restricted Subsidiary that is not a Subsidiary  Guarantor that refinances Indebtedness, Disqualified Stock or Preferred Stock of a Subsidiary  Guarantor or (3) Indebtedness, Disqualified Stock or Preferred Stock of the U.S. Borrower or a  Restricted Subsidiary that refinances Indebtedness, Disqualified Stock or Preferred Stock of an  Unrestricted Subsidiary; provided, further, that any incurrence of Indebtedness or issuance of  Disqualified Stock or Preferred Stock by any Restricted Subsidiary that is not a Subsidiary  Guarantor pursuant to this clause (xv) shall be subject to the limitations set forth in Section  6.01(g) to the same extent as the Indebtedness refinanced;       (xvi)   Indebtedness, Disqualified Stock or Preferred Stock (x) of the U.S. Borrower or  any Restricted Subsidiary incurred to finance any Investment permitted by clause (c)(i)(A) or (B)  or (c)(iii) of the definition of “Permitted Investments” or (y) of Persons that are acquired by the  U.S. Borrower or any Restricted Subsidiary or Persons that are merged into the U.S. Borrower or                                

 

                              a Restricted Subsidiary in accordance with the terms of this Agreement or that is assumed by the  U.S. Borrower or a Restricted Subsidiary in connection with such Investment; provided that (A)  in the case of Secured Indebtedness assumed under clause (y) above only, on a pro forma basis  for the issuance or assumption of such Indebtedness, Disqualified Stock or Preferred Stock and  the application of proceeds therefrom, the U.S. Borrower would be in compliance with Section  6.10 for the U.S. Borrower’s most recently ended Test Period; (B) in the case of clauses (x) and  (y) above, on a pro forma basis for the issuance or assumption of such Indebtedness, Disqualified  Stock or Preferred Stock and the application of proceeds therefrom, either (i) the U.S. Borrower  would be permitted to incur at least $1.00 of additional Indebtedness pursuant to Section 6.01(a)  or (ii) the Interest Coverage Ratio of the U.S. Borrower for the U.S. Borrower’s most recently  ended Test Period would be greater than immediately prior to such acquisition or merger; (C) in  the case of clause (x), such Indebtedness, Disqualified Stock or Preferred Stock is not Secured  Indebtedness, (D) such Indebtedness, Disqualified Stock or Preferred Stock is not incurred while  an Event of Default exists and no Event of Default shall result therefrom, (E) in the case of  clause (x) above only, such Indebtedness, Disqualified Stock or Preferred Stock does not mature  (and is not mandatorily redeemable in the case of Disqualified Stock or Preferred Stock) and does  not require any payment of principal prior to the Latest Maturity Date in effect at such time; and  (F) in the case of clause (y) above only, such Indebtedness, Disqualified Stock or Preferred Stock  is not incurred in contemplation of such acquisition or merger; provided, further, that any  incurrence of Indebtedness or issuance of Disqualified Stock or Preferred Stock by any Restricted  Subsidiary that is not a Subsidiary Guarantor pursuant to this clause (xvi) shall be subject to the  limitations set forth in Section 6.01(g);       (xvii)  Indebtedness arising from the honoring by a bank or other financial institution of  a check, draft or similar instrument drawn against insufficient funds in the ordinary course of  business; provided that such Indebtedness is extinguished within ten (10) Business Days of its  incurrence;      (xviii)  Indebtedness supported by a Letter of Credit in a principal amount not to exceed  the face amount of such Letter of Credit;       (xix)   Indebtedness incurred by a Foreign Subsidiary which, when aggregated with the  principal amount of all other Indebtedness incurred pursuant to this clause (xix) and then  outstanding, does not exceed the greater of (x) $150.0 million and (y) 10.0% of EBITDA for the  most recently ended Test Period as of the time such Indebtedness is incurred;        (xx)   Indebtedness, Disqualified Stock and Preferred Stock of the U.S. Borrower or  any Restricted Subsidiary not otherwise permitted hereunder in an aggregate principal amount or  liquidation preference which, when aggregated with the principal amount and liquidation  preference of all other Indebtedness, Disqualified Stock and Preferred Stock incurred pursuant to  this clause (xx) and then outstanding (together with any Refinancing Indebtedness in respect of  any such Indebtedness, Disqualified Stock or Preferred Stock which is then outstanding in  reliance on clause (xv) above), does not at any one time outstanding exceed the sum of (A) the  greater of (I) $400.0 million and (II) 30% of EBITDA for the most recently ended Test Period as  of the time such Indebtedness, Disqualified Stock or Preferred Stock is incurred (it being  understood that any Indebtedness, Disqualified Stock and Preferred Stock incurred pursuant to  this clause (xx) shall for purposes of this clause (xx) cease to be deemed incurred or outstanding  under this clause (xx) but shall be deemed incurred pursuant to Section 6.01(a) from and after the  first date on which the U.S. Borrower or such Restricted Subsidiary, as applicable, could have  incurred such Indebtedness, Disqualified Stock or Preferred Stock pursuant to Section 6.01(a)  without reliance on this clause (xx)(A)), plus (B) 100% of the net cash proceeds received by the                                

 

                              U.S. Borrower since the Closing Date from the issue or sale of Equity Interests of the U.S.  Borrower or cash contributed to the capital of the U.S. Borrower (in each case, other than  proceeds of Disqualified Stock or sales of Equity Interests to the U.S. Borrower or any of its  Restricted Subsidiaries) as determined in accordance with clause (a)(ii) of the definition of  “Applicable Amount” to the extent such net cash proceeds or cash has not been applied to make  Restricted Payments or to make Permitted Investments (other than Permitted Investments of the  type specified in clause (a) and (c) of the definition thereof) (such amount, the “Designated  Equity Amount”), plus (C) the excess of (I) $250.0 million over (II) the amount of Indebtedness  outstanding in reliance on clause (xxii) at the time any Indebtedness is incurred in reliance on this  subclause (C); provided that any incurrence of Indebtedness or issuance of Disqualified Stock or  Preferred Stock by any Restricted Subsidiary that is not a Subsidiary Guarantor pursuant to this  clause (xx) shall be subject to the limitations set forth in Section 6.01(g);       (xxi)   Attributable Debt incurred by the U.S. Borrower or any Restricted Subsidiary  pursuant to Sale and Lease-Back Transactions of property (real or personal), equipment or other  fixed or capital assets owned by the U.S. Borrower or any Restricted Subsidiary as of the Closing  Date or acquired by the U.S. Borrower or any Restricted Subsidiary after the Closing Date in  exchange for, or with the proceeds of the sale of, such assets owned by the U.S. Borrower or any  Restricted Subsidiary as of the Closing Date; provided that the aggregate amount of Attributable  Debt incurred under this clause (xxi) does not exceed the greater of (x) $250.0 million and (y)  20% of EBITDA for the most recently ended Test Period as of the time such Attributable Debt is  incurred;       (xxii)  Indebtedness, Disqualified Stock and Preferred Stock of the U.S. Borrower or  any Restricted Subsidiary (A) assumed in connection with any Investment permitted by clause (c)  of the definition of “Permitted Investments” or in connection with the acquisition of minority  investments held by Persons other than the U.S. Borrower or a Wholly-Owned Subsidiary in any  non-Wholly-Owned Subsidiary or (B) incurred to finance any Investment permitted by clause (c)  of the definition of “Permitted Investments” or in connection with the acquisition of minority  investments held by Persons other than the U.S. Borrower or a Wholly-Owned Subsidiary in any  non-Wholly-Owned Subsidiary, in each case, that is secured only by the assets or business  acquired in the applicable Permitted Investment (including any acquired Equity Interests) and so  long as both immediately prior and after giving effect thereto no Event of Default shall exist or  result therefrom; provided that the aggregate principal amount or liquidation preference of such  Indebtedness (when aggregated with any outstanding Refinancing Indebtedness in respect  thereof) at any one time outstanding under this clause (xxii) does not exceed the excess of (x) the  greater of (A) $325.0 million and (B) 22.5% of EBITDA for the most recently ended Test Period  as of the time such Indebtedness, Disqualified Stock or Preferred Stock is incurred over (y) the  aggregate amount of Indebtedness outstanding in reliance on this clause (xxii) at the time of any  incurrence of Indebtedness in reliance on this clause (xxii); provided, further, that any incurrence  of Indebtedness or issuance of Disqualified Stock or Preferred Stock by any Restricted Subsidiary  that is not a Subsidiary Guarantor pursuant to subclause (B) of this clause (xxii) shall be subject  to the limitations set forth in Section 6.01(g);      (xxiii)  Indebtedness, Disqualified Stock and Preferred Stock of the U.S. Borrower  issued to former, future and current employees, officers, managers, directors or consultants, (or  their respective estates, Controlled Investment Affiliates or Immediate Family Members) of the  U.S. Borrower, any of its Subsidiaries or any direct or indirect parent company of the U.S.  Borrower in each case to finance the purchase or redemption of Equity Interests of the U.S.  Borrower or any direct or indirect parent company of the U.S. Borrower permitted by Section  6.04(iii);                                

 

                                 (xxiv)   [Reserved];        (xxv)   Indebtedness of the Loan Parties in respect of Permitted Refinancing Notes (A)  issued for cash consideration to the extent that the Net Cash Proceeds therefrom are applied to  permanently repay Term Loans or reduce Revolving Commitments in accordance with Section  2.09, (B) issued in exchange for all or any portion of the Term Loans under any Term Loan  Facility (and with a principal amount not to exceed the principal amount of Term Loans received  by the U.S. Borrower in exchange therefor) pursuant to an exchange offer by the U.S. Borrower  conducted pursuant to exchange procedures satisfactory to the Agent and the U.S. Borrower  (including, without limitation, with respect to compliance with United States Federal and State  securities laws) for all or any portion of the Term Loans outstanding under any Term Loan  Facility (or, in the case of an exchange offer of Permitted Refinancing Notes that have not been  registered under the Securities Act, for all or any portion of such Term Loans that are held by  Lenders that are “qualified institutional buyers” (as defined in Rule 144A promulgated pursuant  to the Securities Act)), it being understood and agreed that no Lender shall be required to  participate in any such exchange offer; provided that any Term Loans acquired by the U.S.  Borrower in connection with any such offer shall be deemed to have been repaid immediately  upon the acquisition thereof by the U.S. Borrower and (C) any refinancing, refunding, renewal or  extension of any Indebtedness specified in subclause (A) or (B) above; provided that (x) the  principal amount of any such Indebtedness is not increased above the principal amount thereof  outstanding immediately prior to such refinancing, refunding, renewal or extension (except for  any original issue discount thereon, accrued and unpaid interest and the amount of fees, expenses  and premium in connection with such refinancing) and (y) such refinancing, refunding, renewal  or extension meets the requirements set forth in the definition of Permitted Refinancing Notes;  and      (xxvi)   Indebtedness of a Designated Business which Indebtedness is incurred  substantially concurrently with the disposition of such Designated Business pursuant to Section  6.04(xviii) and which Indebtedness is non-recourse to the U.S. Borrower and its Restricted  Subsidiaries other than any Restricted Subsidiary included in such Designated Business.      (xxvii)  (A) Indebtedness (in the form of senior secured, senior unsecured, senior  subordinated, or subordinated notes or junior lien or unsecured loans) incurred by the U.S.  Borrower in an aggregate principal amount not to exceed the then remaining Maximum  Incremental Amount deemed such Indebtedness to be incurred in reliance on, Section 2.19;  provided that (i) such Indebtedness shall not mature earlier than the Latest Maturity Date in effect  at such time, (ii) as of the date of the incurrence of such Indebtedness, the Weighted Average Life  to Maturity of such Indebtedness in the form of notes or term loans shall be no shorter than that of  the Weighted Average Life to Maturity of the existing Term Loans under any Term Loan Facility,  (iii) no Restricted Subsidiary is a borrower or guarantor with respect to such Indebtedness other  than any Loan Party (other than a Foreign Borrower), (iv) the covenants, events of default,  guarantees, collateral and other terms of such Indebtedness (other than pricing and optional  prepayment or redemption terms), taken as a whole, are not more materially restrictive to the U.S.  Borrower and the Subsidiaries, as reasonably determined by the U.S. Borrower, than those set  forth in this Agreement; (v) if such indebtedness is secured by Collateral, at the time of  incurrence the holders of such Indebtedness (or a representative thereof on behalf of such holders)  shall have entered into a First Lien Intercreditor Agreement or Junior Lien Intercreditor  Agreement with the Agent agreeing that any Liens securing such Indebtedness are subject to the  terms thereof and (vi) the U.S. Borrower has delivered to the Agent a certificate of a Responsible  Officer of the U.S. Borrower, together with a reasonably detailed description of the material  terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating                                

 

          that the U.S. Borrower has determined in good faith that such terms and conditions satisfy the        foregoing requirements set forth in clauses (i)-(iv) (and which shall be conclusive evidence that        such terms and conditions satisfy the foregoing requirement) (such Indebtedness incurred        pursuant to this clause (xxvii) being referred to as “Permitted Alternative Incremental Facilities        Debt”) and (B) any refinancing, refunding, renewal or extension of any Indebtedness specified in        subclause (A) above; provided that (x) the principal amount of any such Indebtedness is not        increased above the principal amount thereof outstanding immediately prior to such refinancing,        refunding, renewal or extension (except for any original issue discount thereon, accrued and        unpaid interest and the amount of fees, expenses and premium in connection with such        refinancing) and (y) such refinancing, refunding, renewal or extension meets the requirements set        forth in clauses (A)(i) through (A)(vi) above.               (c)   For purposes of determining compliance with this Section 6.01, in the event that  an item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) at any time meets  the criteria of more than one of the categories described in subclauses (i) through (xxvii) of clause (b) of  this Section 6.01 or is entitled to be incurred pursuant to clause (a) of this Section 6.01, the U.S.  Borrower, in its sole discretion, shall classify or reclassify, or later divide, classify or reclassify, such item  of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) and shall only be required  to include the amount and type of such Indebtedness, Disqualified Stock or Preferred Stock in one or  more of the above clauses at such time; provided that (x) all Indebtedness outstanding under the Loan  Documents shall at all times be deemed to have been incurred in reliance on the exception in  subclause (ii) of Section 6.01(b), (y) Indebtedness incurred in reliance on the Maximum Incremental  Amount may not be later reclassified among the clauses set forth in such definition and (z) all  Indebtedness outstanding under any Receivables Facility shall at all times be deemed to have been  incurred in reliance on the exception in subclause (i) of Section 6.01(b).               (d)   The accrual of interest, the accretion of accreted value and the payment of  interest in the form of additional Indebtedness, Disqualified Stock or Preferred Stock shall not be deemed  to be an incurrence of Indebtedness, Disqualified Stock or Preferred Stock for purposes of this Section  6.01.               (e)   For purposes of determining compliance with any Dollar-denominated restriction  on the incurrence of Indebtedness, the Dollar Equivalent principal amount of Indebtedness denominated  in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date  such Indebtedness was incurred, in the case of term debt, or first committed, in the case of revolving  credit debt; provided that, if such Indebtedness is incurred to extend, replace, refund, refinance, renew or  defease other Indebtedness denominated in a foreign currency, and such extension, replacement,  refunding, refinancing, renewal or defeasance would cause the applicable Dollar-denominated restriction  to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such extension,  replacement, refunding, refinancing, renewal or defeasance, such Dollar-denominated restriction shall be  deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does  not exceed the principal amount of such Indebtedness being extended, replaced, refunded, refinanced,  renewed or defeased.               (f)   The principal amount of any Indebtedness incurred to extend, replace, refund,  refinance, renew or defease other Indebtedness, if incurred in a different currency from the Indebtedness  being extended, replaced, refunded, refinanced, renewed or defeased, shall be calculated based on the  currency exchange rate applicable to the currencies in which such respective Indebtedness is denominated  that is in effect on the date of such extension, replacement, refunding, refinancing, renewal or defeasance.       

 

                (g)   Notwithstanding anything to the contrary contained in this clause (a) or (b) of  this Section 6.01, no Restricted Subsidiary of the U.S. Borrower that is not a Subsidiary Guarantor shall  incur any Indebtedness or issue any Disqualified Stock or Preferred Stock in reliance on Section 6.01(a)  or under clauses (xvi), (xx) and (xxii) of Section 6.01(b) (the foregoing provisions (except to the extent  specifically excluded) being referred to collectively as the “Limited Guarantor Debt Exceptions”) if the  amount of such Indebtedness, Disqualified Stock and Preferred Stock, when aggregated with the amount  of all other Indebtedness, Disqualified Stock and Preferred Stock outstanding under the Limited  Guarantor Debt Exceptions (together with any Refinancing Indebtedness in respect thereof) would exceed  the greater of (A) $700.0 million and (B) 50.0% of EBITDA for the most recently ended Test Period as of  the time such Indebtedness, Disqualified Stock or Preferred Stock is incurred; provided that in no event  shall any Indebtedness, Disqualified Stock or Preferred Stock of any Restricted Subsidiary that is not a  Subsidiary Guarantor (i) existing at the time it became a Restricted Subsidiary or (ii) assumed in  connection with any acquisition, merger or acquisition of minority interests of a non-Wholly-Owned  Subsidiary (and in the case of subclauses (i) and (ii), not created in contemplation of such Person  becoming a Restricted Subsidiary or such acquisition, merger or acquisition of minority interests) be  deemed to be Indebtedness outstanding under the Limited Guarantor Debt Exceptions for purposes of this  clause (g).               SECTION 6.02  Limitation on Liens.  Holdings and the U.S. Borrower will not, and  the U.S. Borrower will not permit any of the Subsidiary Guarantors to, directly or indirectly, create, incur,  assume or suffer to exist any Lien (other than Permitted Liens) on any asset or property of Holdings, the  U.S. Borrower or any Restricted Subsidiary now owned or hereafter acquired, or any income or profits  therefrom, or assign or convey any right to receive income therefrom.               SECTION 6.03  Merger, Consolidation or Sale of All or Substantially All Assets.               (a)   The U.S. Borrower shall not consolidate or merge with or into or wind up into  (whether or not the U.S. Borrower is the surviving entity), or sell, assign, transfer, lease, convey or  otherwise dispose of properties and assets constituting all or substantially all of the properties or assets of  the U.S. Borrower and the Restricted Subsidiaries on a consolidated basis, in one or more related  transactions, to any Person unless:               (i)   the U.S. Borrower is the surviving corporation or the Person formed by or        surviving any such consolidation or merger (if other than the U.S. Borrower) or to which such        sale, assignment, transfer, lease, conveyance or other disposition shall have been made is a        corporation, limited partnership or limited liability company organized or existing under the laws        of the United States of America, any state thereof, the District of Columbia, or any territory        thereof (the U.S. Borrower or such Person, as the case may be, being herein called the “Successor        U.S. Borrower”);               (ii)  the Successor U.S. Borrower, if other than the U.S. Borrower, expressly assumes        all the obligations of the U.S. Borrower under this Agreement and the other Loan Documents        pursuant to supplements to the Loan Documents or other documents or instruments in form        reasonably satisfactory to the Agent;              (iii)  immediately after such transaction, no Default exists;              (iv)   immediately after giving pro forma effect to such transaction, as if such        transaction had occurred at the beginning of the most recently ended Test Period, either (A) the        Successor U.S. Borrower would be permitted to incur at least $1.00 of additional Indebtedness        pursuant to the Interest Coverage Ratio test set forth in Section 6.01(a) or (B) the Interest      

 

          Coverage Ratio for the Successor U.S. Borrower and the Restricted Subsidiaries on a        consolidated basis would be greater than such ratio for the U.S. Borrower and the Restricted        Subsidiaries immediately prior to such transaction;               (v)   each Loan Guarantor, unless it is the other party to the transactions described        above and is not the Successor U.S. Borrower, shall have by supplement to the Loan Documents        confirmed that its guarantee of the Obligations shall apply to such Successor U.S. Borrower’s        obligations under the Loan Documents and the Loans; and              (vi)   the U.S. Borrower shall have delivered to the Agent an Officers’ Certificate and        an opinion of counsel, each stating that such consolidation, merger or transfer and such        supplements to the Loan Documents, if any, comply with this Agreement and the other Loan        Documents;   provided that the U.S. Borrower shall promptly notify the Agent of any such transaction and shall take all  required actions either prior to or within 30 days following such transaction (or such longer period as to  which the Agent may consent) in order to preserve and protect the Liens on the Collateral securing the  Secured Obligations; provided, further, the U.S. Borrower shall, promptly following a request by the  Agent (on behalf of itself or any Lender), provide all reasonable documentation and other information that  the Agent or such Lender reasonably requests with respect to such Successor U.S. Borrower that is a  Requirement of Law in order to comply with its ongoing obligations under applicable “know your  customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act .               Upon compliance with the foregoing requirements, the Successor U.S. Borrower shall  succeed to, and be substituted for, the U.S. Borrower under this Agreement and the other Loan  Documents and, except in the case of a lease transaction, the predecessor U.S. Borrower will be released  from its obligations hereunder and thereunder.  Notwithstanding clauses (iii) and (iv) of paragraph (a) of  this Section 6.03, (i) any Restricted Subsidiary may consolidate with, merge into or transfer all or part of  its properties and assets to, the U.S. Borrower, and (ii) the U.S. Borrower may merge with an Affiliate of  the U.S. Borrower incorporated solely for the purpose of reincorporating the U.S. Borrower in another  state of the United States of America so long as the amount of Indebtedness of the U.S. Borrower and the  Restricted Subsidiaries is not increased thereby.               (b)   Subject to Section 10.12, no Subsidiary Guarantor shall, and the U.S. Borrower  shall not permit any Subsidiary Guarantor to, consolidate or merge with or into or wind up into (whether  or not such Subsidiary Guarantor is the surviving corporation), or sell, assign, transfer, lease, convey or  otherwise dispose of all or substantially all of its properties or assets in one or more related transactions  to, any Person unless:               (i)   (A) such Subsidiary Guarantor is the surviving corporation or the Person formed        by or surviving any such consolidation or merger (if other than such Subsidiary Guarantor) or to        which such sale, assignment, transfer, lease, conveyance or other disposition shall have been        made is a corporation, partnership, limited partnership, limited liability company or trust        organized or existing under the laws of the United States of America, any state thereof, the        District of Columbia, or any territory thereof (such Subsidiary Guarantor or such Person, as the        case may be, being herein called the “Successor Person”), (B) the Successor Person, if other than        such Subsidiary Guarantor, expressly assumes all the obligations of such Subsidiary Guarantor        under such Subsidiary Guarantor’s Loan Guaranty and the other Loan Documents, pursuant to a        Joinder Agreement and supplements to the Loan Documents or other documents or instruments in        form reasonably satisfactory to the Agent, (C) immediately after such transaction, no Event of        Default exists, and (D) the U.S. Borrower shall have delivered to the Agent an Officers’      

 

          Certificate and an opinion of counsel, each stating that such consolidation, merger or transfer and        such Joinder Agreement and supplements, if any, comply with this Agreement and the other Loan        Documents; or               (ii)  the transaction is made in compliance with Section 6.06 (other than clause (e)        thereof) or Section 6.07;   provided that the U.S. Borrower shall notify the Agent of any transaction referred to in subclause (i)  above and shall take all required actions either prior to or within 30 days following such transaction (or  such longer period as to which the Agent may consent) in order to preserve and protect the Liens on the  Collateral securing the Secured Obligations.               Upon compliance with the requirements of subclause (i) above, the Successor Person  shall succeed to, and be substituted for, such Subsidiary Guarantor under such Subsidiary Guarantor’s  Loan Guaranty and the other Loan Documents and, except in the case of a lease transaction, such  Subsidiary Guarantor will be released from its obligations thereunder.  Notwithstanding the foregoing,  any Subsidiary Guarantor may merge into or transfer all or part of its properties and assets to another  Subsidiary Guarantor or the U.S. Borrower.               (c)   Holdings will not consolidate or merge with or into or wind up into (whether or  not Holdings is the surviving corporation), or sell, assign, transfer, lease, convey or otherwise dispose of  all or substantially all of its properties or assets in one or more related transactions to, any Person unless  (i) Holdings is the surviving corporation or the Person formed by or surviving any such consolidation or  merger (if other than Holdings) or to which such sale, assignment, transfer, lease, conveyance or other  disposition shall have been made is a corporation, limited partnership or limited liability company  organized or existing under the laws of the United States of America, any state thereof, the District of  Columbia, or any territory thereof (Holdings or such Person, as the case may be, being herein called the  “Successor Holdings Guarantor”), (ii) the Successor Holdings Guarantor, if other than Holdings,  expressly assumes all the obligations of Holdings under Holdings’ Loan Guaranty and the other Loan  Documents, pursuant to a Joinder Agreement or other supplements or other documents or instruments in  form reasonably satisfactory to the Agent, (iii) immediately after such transaction, no Event of Default or  payment Default exists and (iv) the U.S. Borrower shall have delivered to the Agent an Officers’  Certificate and an opinion of counsel, each stating that such consolidation, merger or transfer and the  Joinder Agreement and such supplements or other documents or instruments, if any, comply with this  Agreement; provided that the U.S. Borrower shall promptly notify the Agent of any such transaction and,  if applicable, shall take all required actions either prior to or within 30 days following the consummation  of such transaction (or such longer period as to which the Agent may consent) in order to preserve and  protect the Liens on the Collateral owned by Holdings securing the Secured Obligations; provided,  further, the U.S. Borrower shall or shall cause to, promptly following a request by the Agent (on behalf of  itself or any Lender), provide all reasonable documentation and other information that the Agent or such  Lender reasonably requests with respect to such Successor Holdings Guarantor that is a Requirement of  Law in order to comply with its ongoing obligations under applicable “know your customer” and anti- money laundering rules and regulations, including the USA PATRIOT Act.               Upon compliance with the foregoing requirements, the Successor Holdings Guarantor  will succeed to, and be substituted for, Holdings under Holdings’ Loan Guaranty and the other Loan  Documents and, except in the case of a lease transaction, the predecessor Holdings will be released from  its obligations thereunder.  Notwithstanding the foregoing, Holdings may merge into or transfer all or part  of its properties and assets to a Restricted Subsidiary or the U.S. Borrower, and Holdings may merge with  an Affiliate of the U.S. Borrower incorporated solely for the purpose of reincorporating Holdings in      

 

    another state of the United States of America so long as the amount of Indebtedness of Holdings, the U.S.  Borrower and the Restricted Subsidiaries is not increased thereby.               (d)   No Foreign Borrower shall consolidate, amalgamate or merge with or into or  wind up into (whether or not such Foreign Borrower is the surviving entity), or sell, assign, transfer,  lease, convey or otherwise dispose of all or substantially all of its properties or assets, in one or more  related transactions, to any Person unless (A) a Borrower or a Subsidiary Guarantor shall expressly  assume all the Obligations of such Foreign Borrower under this Agreement and the other Loan  Documents pursuant to supplements to the Loan Documents or other documents or instruments in form  reasonably satisfactory to the Agent, (B) all such Obligations (other than contingent obligations for  unasserted claims) of such Foreign Borrower shall have been repaid and no Letters of Credit issued for  the account of such Foreign Borrower shall be outstanding or (C) the following conditions shall be  satisfied:               (i)   such Foreign Borrower is the surviving corporation or the Person formed by or        surviving any such consolidation, amalgamation or merger (if other than such Foreign Borrower)        or to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been        made is a corporation, limited partnership or other limited liability company organized or existing        under the laws of the United States, the jurisdiction in which such Foreign Borrower is organized        or incorporated, as the case may be (such Foreign Borrower or such Person, as the case may be,        being herein called a “Successor Foreign Borrower”);               (ii)  the Successor Foreign Borrower, if other than such Foreign Borrower, expressly        assumes all the obligations of such Foreign Borrower under this Agreement pursuant to a        supplement to this Agreement in form reasonably satisfactory to the Agent;              (iii)  immediately after such transaction, no Event of Default exists;              (iv)   the U.S. Borrower and each Loan Guarantor shall have by supplement to the        Loan Documents confirmed that its guarantee of the Obligations shall apply to such Successor        Foreign Borrower’s obligations under this Agreement; and               (v)   the U.S. Borrower shall have delivered to the Agent an Officers’ Certificate and        an opinion of counsel, each stating that such consolidation, amalgamation, merger or transfer and        such supplements to the Loan Documents, if any, comply with this Agreement and the other Loan        Documents;   provided, the U.S. Borrower shall or shall cause to, promptly following a request by the Agent (on behalf  of itself or any Lender), provide all reasonable documentation and other information that the Agent or  such Lender reasonably requests with respect to such Successor Foreign Borrower that is a Requirement  of Law in order to comply with its ongoing obligations under applicable “know your customer” and anti- money laundering rules and regulations, including the USA PATRIOT Act.               Upon compliance with the foregoing requirements, the Successor Foreign Borrower shall  succeed to, and be substituted for, the applicable Foreign Borrower under this Agreement and, except in  the case of a lease transaction, the applicable predecessor Foreign Borrower will be released from its  obligations hereunder and thereunder.  Notwithstanding the foregoing, any Foreign Borrower may  transfer all or part of its properties and assets (other than through a merger or consolidation) to any  Foreign Borrower, the U.S. Borrower or a Subsidiary Guarantor in compliance with Section 6.06 and  Section 6.07.      

 

                (e)   [Reserved].               (f)   For purposes of this Section 6.03, the sale, lease, conveyance, assignment,  transfer or other disposition of all or substantially all of the properties and assets of one or more  Subsidiaries of the U.S. Borrower or Holdings, as applicable, which properties and assets, if held by the  U.S. Borrower or Holdings, as applicable, instead of such Subsidiaries, would constitute all or  substantially all of the properties and assets of the U.S. Borrower and its Restricted Subsidiaries on a  consolidated basis or Holdings and its Subsidiaries on a consolidated basis, as applicable (excluding from  such determination any Person that is not a Restricted Subsidiary of the U.S. Borrower), shall be deemed  to be the transfer of all or substantially all of the properties and assets of the U.S. Borrower or Holdings,  as applicable, on a consolidated basis.  However, transfers of assets between or among the U.S. Borrower  and the Restricted Subsidiaries in compliance with Section 6.06 and Section 6.07 shall not be subject to  this Section 6.03(f).               (g)   Notwithstanding anything to the contrary in this Agreement or any other Loan  Document, the Disposition of a Designated Business shall not be deemed to be a sale, assignment,  transfer, lease, conveyance or other disposition of properties or assets constituting all or substantially all  of the properties or assets of the U.S. Borrower and the Restricted Subsidiaries on a consolidated basis.               SECTION 6.04  Limitation on Restricted Payments.  The U.S. Borrower shall not, and  shall not permit any Restricted Subsidiary to, directly or indirectly (x) declare or pay any dividend or  make any distribution on account of the U.S. Borrower’s or any Restricted Subsidiary’s Equity Interests,  including any dividend or distribution payable in connection with any merger, amalgamation or  consolidation, other than (A) dividends or distributions by the U.S. Borrower payable in Equity Interests  (other than Disqualified Stock) of the U.S. Borrower or (B) dividends or distributions by a Restricted  Subsidiary so long as, in the case of any dividend or distribution payable on or in respect of any class or  series of securities issued by a Restricted Subsidiary other than a Wholly-Owned Subsidiary, the U.S.  Borrower or a Restricted Subsidiary receives at least its pro rata share of such dividend or distribution in  accordance with its Equity Interests in such class or series of securities, (y) purchase, redeem, defease or  otherwise acquire or retire for value any Equity Interests of the U.S. Borrower or any direct or indirect  parent of the U.S. Borrower, including in connection with any merger or consolidation, or (z) make any  principal payment on, or redeem, repurchase, defease or otherwise acquire or retire for value in each case,  prior to any scheduled repayment, sinking fund payment or maturity, any Subordinated Indebtedness  (other than the purchase, repurchase or other acquisition of Subordinated Indebtedness purchased in  anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case  due within one year of the date of purchase, repurchase or acquisition) (all such payments and other  actions set forth in clauses (x) through (z) above being collectively referred to as “Restricted Payments”),  other than:               (i)   Restricted Payments in an amount not to exceed the Applicable Amount;        provided that at the time any such Restricted Payment is made and after giving pro forma effect        to such Restricted Payment (x) no Event of Default has occurred and is continuing and (y) the        U.S. Borrower would be permitted to incur at least $1.00 of Indebtedness pursuant to Section        6.01(a);               (ii)  the defeasance, redemption, repurchase or other acquisition or retirement of        Subordinated Indebtedness of the U.S. Borrower or a Subsidiary Guarantor made by exchange        for, or out of the proceeds of the substantially concurrent sale of, Refinancing Indebtedness of        such Person that is incurred in compliance with Section 6.01(b)(xv);       

 

                                   (iii)  a Restricted Payment to pay for the repurchase, retirement or other acquisition or  retirement for value of Equity Interests in any direct or indirect parent companies of the U.S.  Borrower held by any future, present or former employee, director, manager or consultant (or  their respective estates, Controlled Investment Affiliates or Immediate Family Members) of the  U.S. Borrower, any of its Subsidiaries or any of its direct or indirect parent companies or any  other entity in which the U.S. Borrower or a Restricted Subsidiary has an Investment and that is  designated in good faith as an “affiliate by the Board of Directors of the U.S. Borrower (or the  compensation committee thereof), in each case pursuant to any stockholders’ agreement, any  management equity plan or stock incentive plan or any other management or employee benefit  plan or agreement; provided that the aggregate Restricted Payments made under this clause (iii)  do not exceed $60.0 million in the first fiscal year following the Closing Date (with unused  amounts in any fiscal year being carried over to succeeding fiscal years subject to a maximum  (without giving effect to the following proviso) of $100.0 million in any fiscal year; provided,  further, that such amount in any fiscal year may be increased by an amount not to exceed the (A)  cash proceeds of key man life insurance policies received by the U.S. Borrower and the  Restricted Subsidiaries after the Closing Date, plus (B) the cash proceeds from the sale of Equity  Interests (other than Disqualified Stock) of the U.S. Borrower and, to the extent contributed to the  U.S. Borrower, Equity Interest of any of the U.S. Borrower’s direct or indirect parent companies,  in each case to members of management, directors, managers or consultants (or their respective  estates, Controlled Investment Affiliates or Immediate Family Members), of the U.S. Borrower,  any of its Subsidiaries or any of its direct or indirect parent companies that occurs after the  Closing Date, to the extent the cash proceeds from the sale of such Equity Interests have not  otherwise been applied to the payment of Restricted Payments in reliance on clause (i) of this  Section 6.04 or the making of Investments in reliance on clause (q) of the definition of Permitted  Investments, less (C) the amount of any Restricted Payments previously made pursuant to  clauses (A) and (B) of this clause (iii); and provided, further, that cancellation of Indebtedness  owing to the U.S. Borrower or any Restricted Subsidiary from members of management,  directors, managers or consultants (or their respective estates, Controlled Investment Affiliates or  Immediate Family Members), of the U.S. Borrower, any of its direct or indirect parent companies  or any Restricted Subsidiary in connection with a repurchase of Equity Interests of any of the  U.S. Borrower’s direct or indirect parent companies shall not be deemed to constitute a Restricted  Payment for purposes of this Section 6.04 or any other provision of this Agreement;        (iv)   Restricted Payments that are made with Excluded Contributions;         (v)   the declaration and payment of dividends by the U.S. Borrower to, or the making  of loans to, its direct or indirect parent company in amounts required for the U.S. Borrower’s  direct or indirect parent companies to pay, in each case without duplication, (A) franchise taxes,  and other fees and expenses, required to maintain their corporate existence, (B) for any period in  which the U.S. Borrower is a member of a group filing consolidated, combined or unitary income  tax returns for which a direct or indirect parent of the U.S. Borrower is the common parent (a  “Tax Group”), to pay the foreign, federal, state and/or local income taxes (as applicable) of such  Tax Group for such taxable period, to the extent such income taxes are attributable to the income  of the U.S. Borrower and its Restricted Subsidiaries and, to the extent of the amount actually  received from its Unrestricted Subsidiaries for such purpose, income taxes to the extent  attributable to the income of such Unrestricted Subsidiaries; provided that in each case the  amount of such payments for any fiscal year does not exceed the amount that the U.S. Borrower,  its Restricted Subsidiaries and its Unrestricted Subsidiaries (to the extent described above) would  be required to pay in respect of such foreign, federal, state and/or local income taxes (as  applicable) for such fiscal year were the U.S. Borrower, its Restricted Subsidiaries and its  Unrestricted Subsidiaries (to the extent described above) to pay such taxes as a stand-alone group,                                

 

                              less any such taxes payable directly by the U.S. Borrower or its Restricted Subsidiaries; (C)  customary salary, bonus and other benefits payable to officers and employees of any direct or  indirect parent company of the U.S. Borrower to the extent such salaries, bonuses and other  benefits are attributable to the ownership or operation of the U.S. Borrower and the Restricted  Subsidiaries, (D) general corporate overhead expenses of any direct or indirect parent company of  the U.S. Borrower to the extent such expenses are attributable to the ownership or operation of  the U.S. Borrower and its Restricted Subsidiaries, and (E) reasonable fees and expenses incurred  in connection with any unsuccessful debt or equity offering by such direct or indirect parent  company of the U.S. Borrower;        (vi)   [Reserved];        (vii)  distributions or payments of Receivables Fees;       (viii)  the redemption, repurchase, retirement or other acquisition of any Equity  Interests of the U.S. Borrower or any Equity Interests of any direct or indirect parent company of  the U.S. Borrower, in exchange for, or out of the proceeds of the substantially concurrent sale  (other than to a Restricted Subsidiary) of, Equity Interests of the U.S. Borrower (other than any  Disqualified Stock) or, to the extent the proceeds thereof have actually been contributed to the  U.S. Borrower, Equity Interests of any direct or indirect parent company of the U.S. Borrower  (“Refunding Capital Stock”);        (ix)   the payment of any dividend or distribution within 60 days after the date of  declaration thereof, if at the date of declaration such payment would have complied with the  provisions of this Agreement;         (x)   repurchases of Equity Interests deemed to occur upon exercise of stock options or  warrants if such Equity Interests represent a portion of the exercise price of such options or  warrants;        (xi)   Restricted Payments made pursuant to agreements set forth on Schedule 6.04;        (xii)  other Restricted Payments in an amount which, when taken together with all  other Restricted Payments made pursuant to this clause (xii) and all Investments outstanding in  reliance on clause (u) of the definition of “Permitted Investments,” does not exceed the greater of  (x) $200.0 million and (y) 15% of EBITDA for the most recently ended Test Period as of the time  any such Restricted Payment is made;       (xiii)  the distribution, as a dividend or otherwise (and the declaration of such  dividend), of shares of Equity Interest of, or Indebtedness issued to the U.S. Borrower or a  Restricted Subsidiary by, any Unrestricted Subsidiary (other than Unrestricted Subsidiaries, the  primary assets of which are cash and/or Cash Equivalents);       (xiv)   the declaration and payment of dividends to holders of any class or series of  Disqualified Stock of the U.S. Borrower or any Restricted Subsidiary issued in accordance with  Section 6.01 to the extent such dividends are included in the definition of “Interest Charges”;        (xv)   the declaration and payment of dividends (A) to holders of any class or series of  Designated Preferred Stock (other than Disqualified Stock) issued by the U.S. Borrower after the  Closing Date, (B) to a direct or indirect parent company of the U.S. Borrower, the proceeds of  which will be used to fund the payment of dividends to holders of any class or series of                                

 

          Designated Preferred Stock (other than Disqualified Stock) of such parent company issued after        the Closing Date, or (C) on Refunding Capital Stock that is Preferred Stock (provided that the        amount of dividends paid pursuant to subclause (B) shall not exceed the aggregate amount of        cash actually contributed to the U.S. Borrower from the sale of such Preferred Stock); provided        that (x) all such dividends are included in “Interest Charges” and (y) in the case of each of (A),        (B) and (C) of this clause (xv), that for the most recently ended Test Period, after giving effect to        such issuance or declaration on a pro forma basis, the U.S. Borrower and the Restricted        Subsidiaries on a consolidated basis would have had an Interest Coverage Ratio of at least 2.00 to        1.00;             (xvi)   the declaration and payment of dividends on the U.S. Borrower’s common stock        in an amount equal to 6% of the net proceeds received by or contributed to the U.S. Borrower in        or from any public underwriting offering of any common stock of any direct or indirect parent        company of the U.S. Borrower (including, for the avoidance of doubt, any such offering        consummated after January 26, 2007 and prior to the Closing Date), other than public offerings        with respect to the U.S. Borrower’s common stock registered on Form S−4 or Form S−8 and        other than any public sale constituting an Excluded Contribution;             (xvii)  payments made or expected to be made by the U.S. Borrower or any Restricted        Subsidiary in respect of any repurchases (including in respect of withholding or similar Taxes        payable in connection therewith) of Equity Interests held by any future, present or former        employee, director, manager or consultant (or their respective estates, Controlled Investment        Affiliates or Immediate Family Members) including deemed repurchases in connection with the        exercise of stock options;            (xviii)  Restricted Payments consisting of a dividend or other distribution or exchange        (and the declaration thereof) of Equity Interests of any entity or entities constituting the        Designated Business; provided that (i) as of the last day of the most recently ended fiscal quarter        for which financial statements have been delivered pursuant to Section 5.01(a) or (b) prior to the        date of such Restricted Payment, after giving pro forma effect to such Restricted Payment        (including the application of the net proceeds therefrom), the Consolidated Secured Debt Ratio at        such time does not exceed 4.90:1.00 and (ii) no Event of Default has occurred and is continuing;        and             (xix)   repurchases, redemptions or repayments of any Subordinated Indebtedness from        net cash proceeds of any Indebtedness incurred pursuant to Section 6.01(b)(xxvi);   provided, however, that at the time of, and after giving effect to, any Restricted Payment permitted under  clauses (i), (xii) and (xvi) of this Section 6.04, no Default shall have occurred and be continuing or would  occur as a consequence thereof.               SECTION 6.05  Limitations on Transactions with Affiliates.               (a)   The U.S. Borrower shall not, and shall not permit any Restricted Subsidiary to,  make any payment to, or sell, lease, transfer or otherwise dispose of any of its properties or assets to, or  purchase any property or assets from, or enter into or make or amend any transaction, contract,  agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate of the U.S.  Borrower (each of the foregoing, an “Affiliate Transaction”) involving aggregate payments or  consideration in excess of $20.0 million, unless (i) such Affiliate Transaction is on terms that are not  materially less favorable to the U.S. Borrower or the relevant Restricted Subsidiary than those that would  have been obtained in a comparable transaction by the U.S. Borrower or such Restricted Subsidiary with      

 

    an unrelated Person and (ii) the U.S. Borrower delivers to the Agent with respect to any Affiliate  Transaction or series of related Affiliate Transactions involving aggregate payments or consideration in  excess of $50.0 million, a Board Resolution adopted by the majority of the members of the Board of  Directors of the U.S. Borrower approving such Affiliate Transaction and set forth in an Officers’  Certificate certifying that such Affiliate Transaction complies with clause (i) above.               (b)   The limitations set forth in paragraph (a) of this Section 6.05 shall not apply to:               (i)   transactions between or among the U.S. Borrower or any of the Restricted        Subsidiaries;               (ii)  Restricted Payments that are permitted by the provisions of Section 6.04 and        Permitted Investments;              (iii)  the payment of reasonable and customary fees paid to, and indemnities provided        on behalf of, officers, directors, managers, employees or consultants of the U.S. Borrower, any of        its direct or indirect parent companies or any Restricted Subsidiary;              (iv)   [Reserved];               (v)   transactions in which the U.S. Borrower or any Restricted Subsidiary, as the case        may be, delivers to the Agent a letter from an Independent Financial Advisor stating that such        transaction is fair to the U.S. Borrower or such Restricted Subsidiary from a financial point of        view or meets the requirements of clause (i) of paragraph (a) of this Section 6.05;              (vi)   (A) payments and Indebtedness, Disqualified Stock and Preferred Stock (and        cancellations of any thereof) of the U.S. Borrower and its Restricted Subsidiaries to any future,        present or former employee, director, manager or consultant (or their respective estates,        Controlled Investment Affiliates or Immediate Family Members) of the U.S. Borrower, any of its        Subsidiaries or any of its direct or indirect parent companies or any other entity in which the U.S.        Borrower or a Restricted Subsidiary has an Investment and that is designated in good faith as an        “affiliate” by the Board of Directors of the U.S. Borrower (or the compensation committee        thereof), in each case pursuant to any stockholders’ agreement, management equity plan or stock        option plan or any other management or employee benefit, plan or agreement; and (B) any        employment agreements, stock option plans and other compensatory arrangements (including,        without limitation, the U.S. Borrower’s 2001 and 2005 Stock Unit Retirement Plans (and any        successor plans thereto) and any supplemental executive retirement benefit plans or        arrangements) with any such employees, directors, managers or consultants (or their respective        estates, Controlled Investment Affiliates or Immediate Family Members) that are, in each case,        approved by the U.S. Borrower in good faith;              (vii)  any agreement, instrument or arrangement as in effect as of the Closing Date and,        to the extent such agreement, instrument or arrangement was entered into after December 30,        2016 and involves an aggregate consideration in excess of $20.0 million, set forth on Schedule        6.05, or any amendment thereto (so long as any such amendment is not disadvantageous to the        Lenders when taken as a whole in any material respect as compared to the applicable agreement        as in effect on the Closing Date as reasonably determined in good faith by the U.S. Borrower);             (viii)  the existence of, or the performance by the U.S. Borrower or any of the        Restricted Subsidiaries of its obligations under the terms of, any stockholders agreement or its        equivalent (including any registration rights agreement or purchase agreement related thereto) to      

 

          which it is a party as of the Closing Date, and any similar agreements which it may enter into        thereafter; provided, however, that the existence of, or the performance by the U.S. Borrower or        any Restricted Subsidiary of obligations under any future amendment to any such existing        agreement or under any similar agreement entered into after the Closing Date shall only be        permitted by this clause (viii) to the extent that the terms of any such existing agreement together        with all amendments thereto, taken as a whole, or new agreement do not require payments by the        U.S. Borrower or any Restricted Subsidiary that are materially in excess of those required        pursuant to the terms of the original agreement in effect on the Closing Date as reasonably        determined in good faith by the U.S. Borrower;              (ix)   [Reserved];               (x)   transactions with customers, clients, suppliers, or purchasers or sellers of goods        or services, in each case in the ordinary course of business and otherwise in compliance with the        terms of this Agreement that are fair to the U.S. Borrower and the Restricted Subsidiaries, in the        reasonable determination of the Board of Directors or the senior management of the U.S.        Borrower, or are on terms at least as favorable as might reasonably have been obtained at such        time from an unaffiliated party;              (xi)   the issuance or transfer of Equity Interests (other than Disqualified Stock) of        Holdings to any Permitted Holder or to any former, current or future director, manager, officer,        employee or consultant (or their respective estates, Controlled Investment Affiliates or Immediate        Family Members) of the U.S. Borrower, any of its Subsidiaries or any direct or indirect parent        company thereof;              (xii)  sales of accounts receivable, payment intangibles and related assets or        participations therein, in connection with any Receivables Facility and Standard Receivables        Facility Undertakings;             (xiii)  [Reserved]; and             (xiv)   payments to or from, and transactions with, any joint venture in the ordinary        course of business.               SECTION 6.06  Dispositions.  The U.S. Borrower shall not and shall not permit any  Restricted Subsidiary to make any Disposition or enter into any agreement to make any Disposition,  except:               (a)   Dispositions of obsolete or worn out property, whether now owned or hereafter        acquired, in the ordinary course of business and Dispositions of property no longer used or useful        in the conduct of the business of the U.S. Borrower and the Restricted Subsidiaries;               (b)   Dispositions of inventory, goods held for sale and immaterial assets in the        ordinary course of business;               (c)   Dispositions of property to the extent that (i) such property is exchanged for        credit against the purchase price of similar replacement property or (ii) the proceeds of such        Disposition are promptly applied to the purchase price of such replacement property;               (d)   Dispositions of property to the U.S. Borrower or to a Restricted Subsidiary        (including through the dissolution of any Restricted Subsidiary);      

 

                                    (e)   Dispositions permitted by Sections 6.03 and 6.04, Liens permitted by Section  6.02 and Investments permitted by Section 6.07;         (f)   Dispositions of Cash Equivalents;         (g)   Dispositions of accounts receivable in connection with the collection or  compromise thereof or Dispositions of accounts receivable, payment intangibles and related  assets in connection with any Receivables Facility permitted under Section 6.01(b)(i);         (h)   leases, subleases, assignments, licenses or sublicenses, in each case in the  ordinary course of business and which do not materially interfere with the business of Holdings,  the U.S. Borrower and the Restricted Subsidiaries;         (i)   transfers of property subject to Casualty Events upon receipt of the Net Cash  Proceeds of such Casualty Event;         (j)   Dispositions of property (other than any disposition of assets in connection with a  securitization transaction) not otherwise permitted under this Section 6.06; provided that (i) at the  time of such Disposition (other than any such Disposition made pursuant to a legally binding  commitment entered into at a time when no Default exists), no Default shall exist or would result  from such Disposition and (ii) with respect to any Disposition pursuant to this clause (j) with an  aggregate fair market value in excess of $50.0 million, the U.S. Borrower or a Restricted  Subsidiary shall receive not less than 75% of such consideration in the form of cash or Cash  Equivalents (in each case, free and clear of all Liens at the time received, other than  nonconsensual Liens permitted by Section 7.02); provided, however, that for the purposes of this  clause (ii), (A) any liabilities (as shown on the most recent consolidated balance sheet of the U.S.  Borrower provided hereunder or in the footnotes thereto) of the U.S. Borrower or such Restricted  Subsidiary, other than with respect to Indebtedness that is not secured by the assets disposed of,  that are assumed by the transferee with respect to the applicable Disposition and for which the  U.S. Borrower and all of the Restricted Subsidiaries shall have been validly released by all  applicable creditors, (B) any securities received by the U.S. Borrower or such Restricted  Subsidiary from such transferee that are converted by the U.S. Borrower or such Restricted  Subsidiary into cash (to the extent of the cash received) within 180 days following the closing of  the applicable Disposition and (C) any Designated Noncash Consideration received by the U.S.  Borrower or such Restricted Subsidiary in respect of such Disposition having an aggregate fair  market value, taken together with all other Designated Noncash Consideration received pursuant  to this clause (C) that is at that time outstanding, not in excess of the greater of (x) $300.0 million  and (y) 3% of Total Assets of the U.S. Borrower at the time of the receipt of such Designated  Noncash Consideration, with the fair market value of each item of Designated Noncash  Consideration being measured at the time received and without giving effect to subsequent  changes in value, shall in each case of clauses (A), (B) and (C) be deemed to be cash;         (k)   any issuance or sale of Equity Interests in, or Indebtedness or other securities of,  an Unrestricted Subsidiary;         (l)   to the extent allowable under Section 1031 of the Code (or comparable or  successor provision), any exchange of like property (excluding any boot thereon permitted by  such provision) for use in a Permitted Business;         (m)   the unwinding of any Hedging Obligations;                                

 

                (n)   Dispositions in connection with Sale and Lease-Back Transactions permitted by        Section 6.01(b)(xxi);               (o)   Dispositions of Investments in joint ventures to the extent required by, or made        pursuant to customary buy/sell arrangements between, the joint venture parties set forth in joint        venture arrangements and similar binding arrangements;                (p)   any Disposition to the extent not involving property (when taken together with        any related Disposition or series of Dispositions) with a fair market value in excess of $25.0        million;                (q)   [Reserved]; and               (r)   Dispositions, in connection with a Disposition of a Designated Business pursuant        to Section 6.04(xviii), of assets comprising of such Designated Business to any existing        Subsidiary of the U.S. Borrower or any newly formed Subsidiary of the U.S. Borrower prior to        such Disposition of a Designated Business that are completed substantially concurrently with, or        reasonably in advance of, the disposition of such Designated Business pursuant to Section        6.04(xviii);   provided that any Disposition or series of related Dispositions of any property pursuant to this Section  6.06 (other than Section 6.06(d) or Section 6.06(r)) with a fair market value in excess of $50.0 million,  shall be for no less than the fair market value of such property at the time of such Disposition.  To the  extent any Collateral is Disposed of as expressly permitted by this Section 6.06 to any Person other than a  Loan Party, such Collateral shall be sold free and clear of the Liens created by the Loan Documents, and  the Agent shall be authorized to take any actions deemed appropriate in order to effect the foregoing.               SECTION 6.07  Limitation on Investments and Designation of Unrestricted  Subsidiaries.               (a)   The U.S. Borrower shall not, and shall not permit any Restricted Subsidiary to,  directly or indirectly, make any Investment other than Permitted Investments.               (b)   The U.S. Borrower shall not permit any Unrestricted Subsidiary to become a  Restricted Subsidiary except pursuant to the penultimate paragraph of the definition of “Unrestricted  Subsidiary.”  For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all  outstanding Investments by the U.S. Borrower and the Restricted Subsidiaries (except to the extent  repaid) in the subsidiary so designated shall be deemed to be Investments in an amount determined as set  forth in the last sentence of the definition of “Investment.”  Such designation shall be permitted only if an  Investment by the U.S. Borrower and its Restricted Subsidiaries pursuant to the definition of Permitted  Investments and if such Subsidiary otherwise meets the definition of an “Unrestricted Subsidiary.”               SECTION 6.08  Dividends and Other Payment Restrictions Affecting Restricted  Subsidiaries.               (a)   The U.S. Borrower shall not, and shall not permit any Restricted Subsidiary that  is not a Subsidiary Guarantor to, directly or indirectly, create or otherwise cause or suffer to exist or  become effective any consensual encumbrance or consensual restriction on the ability of any such  Restricted Subsidiary to:       

 

                (i)   (A) pay dividends or make any other distributions to the U.S. Borrower or any        Restricted Subsidiary on its Capital Stock or with respect to any other interest or participation in,        or measured by, its profits, or (B) pay any Indebtedness owed to the U.S. Borrower or any        Restricted Subsidiary;               (ii)  make loans or advances to the U.S. Borrower or any Restricted Subsidiary; or              (iii)  sell, lease or transfer any of its properties or assets to the U.S. Borrower or any        Restricted Subsidiary.               (b)   The limitations set forth in clause (a) of this Section 6.08 shall not apply (in each  case) to such encumbrances or restrictions existing under or by reason of:               (i)   contractual encumbrances or restrictions in effect on the Closing Date, including        pursuant to the Loan Documents and the related documentation (including Collateral Documents)        and Hedging Obligations;               (ii)  the New Senior Note Documents and the New Senior Notes and the subsidiary        guarantees of the New Senior Notes issued thereunder;              (iii)  purchase money obligations for property acquired in the ordinary course of        business and Capitalized Lease Obligations that impose restrictions of the nature described in        clause (iii) of paragraph (a) of this Section 6.08 on the property so acquired;              (iv)   applicable law or any applicable rule, regulation or order;               (v)   any agreement or other instrument of a Person acquired by the U.S. Borrower or        any Restricted Subsidiary in existence at the time of such acquisition (but not created in        connection therewith or in contemplation thereof), which encumbrance or restriction is not        applicable to any Person, or the properties or assets of any Person, other than the Person, or the        property or assets of the Person, so acquired;              (vi)   contracts for the sale of assets, including customary restrictions with respect to a        Restricted Subsidiary pursuant to an agreement that has been entered into for the sale or        disposition of all or substantially all of the Capital Stock or assets of such Restricted Subsidiary;              (vii)  Secured Indebtedness otherwise permitted to be incurred pursuant to Sections        6.01 and 6.02 that limit the right of the debtor to dispose of the assets securing such Indebtedness;             (viii)  restrictions on cash or other deposits or net worth imposed by customers under        contracts entered into in the ordinary course of business;              (ix)   other Indebtedness, Disqualified Stock or Preferred Stock of Foreign Subsidiaries        permitted to be incurred after the Closing Date pursuant to Section 6.01;               (x)   customary provisions in joint venture agreements and other similar agreements;              (xi)   customary provisions contained in leases and other agreements entered into in the        ordinary course of business;       

 

               (xii)  restrictions created in connection with any Receivables Facility; provided that, in        the case of Receivables Facilities established after the Closing Date, such restrictions are        necessary or advisable, in the good faith determination of the U.S. Borrower, to effect such        Receivables Facility;             (xiii)  restrictions or conditions contained in any trading, netting, operating,        construction, service, supply, purchase or other agreement to which the U.S. Borrower or any of        its Restricted Subsidiaries is a party entered into in the ordinary course of business; provided that        such agreement prohibits the encumbrance of solely the property or assets of the U.S. Borrower        or such Restricted Subsidiary that are the subject of such agreement, the payment rights arising        thereunder or the proceeds thereof and does not extend to any other asset or property of the U.S.        Borrower or such Restricted Subsidiary or the assets or property of any other Restricted        Subsidiary; and             (xiv)   encumbrances or restrictions contained in Indebtedness permitted to be incurred        pursuant to Section 6.01(b)(xxii)(B) that apply only to the Person or assets acquired with the        proceeds of such Indebtedness;               (xv)   restrictions on cash or other deposits or net worth imposed by customers under        contracts entered into in the ordinary course of business;              (xvi)   any encumbrances or restrictions of the type referred to in clauses (i), (ii) and (iii)        of paragraph (a) of this Section 6.08 imposed by any amendments, modifications, restatements,        renewals, increases, supplements, refundings, replacements or refinancings of the contracts,        instruments or obligations referred to in clauses (i) through (xv) of this paragraph (b); provided        that such amendments, modifications, restatements, renewals, increases, supplements, refundings,        replacements or refinancings are, in the good faith judgment of the U.S. Borrower, not materially        more restrictive with respect to such encumbrance and other restrictions than those prior to such        amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or        refinancing; provided, further, that, with respect to contracts, instruments or obligations existing        on the Closing Date, any amendments, modifications, restatements, renewals, increases,        supplements, refundings, replacements or refinancings are not materially more restrictive with        respect to such encumbrances and other restrictions than those contained in such contracts,        instruments or obligations as in effect on the Closing Date; and             (xvii)  any encumbrances or restrictions contained in Indebtedness permitted to be        incurred by Section 6.01(b)(xxvi) that apply only to the Designated Business incurring such        Indebtedness.               SECTION 6.09  Amendments to Subordinated Indebtedness.  The U.S. Borrower will  not, and will not permit any Subsidiary Guarantor to, amend, modify or alter the documentation  governing any Subordinated Indebtedness in any manner that is materially adverse to the interests of the  Lenders.               SECTION 6.10  Maximum Consolidated Secured Debt Ratio.  For so long as any  Revolving Commitment, Canadian Term A-2 Loan, Euro Term A-1 Loan, New Term A Loan or  Extended Term Loan in respect of any of the foregoing is outstanding, the U.S. Borrower shall maintain a  Consolidated Secured Debt Ratio, as determined as of the last day of each fiscal quarter of the U.S.  Borrower, commencing with the fiscal quarter ending June 30, 2017, not to exceed 5.125 to 1.00.       

 

                SECTION 6.11  Business of U.S. Borrower and Restricted Subsidiaries.  The U.S.  Borrower and the Restricted Subsidiaries, taken as a whole, will not fundamentally and substantially alter  the character of their business, taken as a whole, from the business conducted by the U.S. Borrower and  the Restricted Subsidiaries, taken as a whole, on the Closing Date.  For the avoidance of doubt, the  Disposition of a Designated Business shall not be deemed to fundamentally and substantially alter the  character of the business, taken as a whole of the U.S. Borrower and the Restricted Subsidiaries, taken as  a whole.                                    ARTICLE VII                                                                        EVENTS OF DEFAULT               SECTION 7.01  Events of Default.  If any of the following events (“Events of  Default”) shall occur:               (a)   Non-Payment.  Any Borrower or any other Loan Party fails to pay (i) when and        as required to be paid herein, any amount of principal of any Loan, or (ii) within ten (10)        Business Days after the same becomes due, any interest on any Loan or any other amount payable        hereunder or with respect to any other Loan Document; or               (b)   Specific Covenants.  The U.S. Borrower fails to perform or observe any term,        covenant or agreement contained in any of Sections 5.02(a) or 5.03 (solely with respect to        Holdings and the Borrowers), Section 5.09(b) or Article 6; provided that any Event of Default        under Section 6.10 shall not constitute an Event of Default with respect to any Term Loans (other        than Term Loans referred to in clause (b) of the definition of “Required Financial Covenant        Lenders”) until the date on which the Required Financial Covenant Lenders exercise any        remedies with respect to the Revolving Facilities and the Term Loans referred to in the definition        of “Required Financial Covenant Lenders” in accordance with Section 7.02; provided further that        any Event of Default under Section 6.10 may be waived, amended or otherwise modified from        time to time by the Required Financial Covenant Lenders; or               (c)   Other Defaults.  Any Loan Party fails to perform or observe any other covenant        or agreement (not specified in Section 7.01(a) or (b) above) contained in any Loan Document on        its part to be performed or observed and such failure continues for thirty (30) days after notice        thereof by the Agent to the U.S. Borrower; or               (d)   Representations and Warranties.  Any representation, warranty, certification or        statement of fact made or deemed made by or on behalf of the U.S. Borrower or any other Loan        Party herein, in any other Loan Document, or in any document required to be delivered in        connection herewith or therewith shall be incorrect or misleading in any material respect when        made or deemed made; or               (e)   Cross-Default.  Any Loan Party or any Restricted Subsidiary (A) fails to make        any payment beyond the applicable grace period with respect thereto, if any (whether by        scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any        Material Indebtedness, or (B) fails to observe or perform any other agreement or condition        relating to any such Material Indebtedness, or any other event occurs, the effect of which default        or other event is to cause, or to permit the holder or holders of such Material Indebtedness (or a        trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with        the giving of notice if required, such Material Indebtedness to become due or to be repurchased,        prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay,      

 

                              defease or redeem such Indebtedness to be made, prior to its stated maturity; provided that this  clause (e)(B) shall not apply to (i) secured Material Indebtedness that becomes due as a result of  the voluntary sale or transfer of the property or assets securing such Material Indebtedness, if  such sale or transfer is permitted hereunder or (ii) termination events or similar events occurring  under any Hedge Agreement that constitutes Material Indebtedness (it being understood that  clause (e)(B) will apply to any failure to make any payment required as a result of any such  termination or similar event); or         (f)   Insolvency Proceedings, Etc.  Holdings, any Borrower or any Significant  Subsidiary institutes or consents to the institution of any proceeding under any Debtor Relief  Law, or makes an assignment for the benefit of creditors; or applies for or consents to the  appointment of any receiver, receiver-manager, trustee, custodian, conservator, liquidator,  rehabilitator, administrator, administrative receiver, examiner or similar officer for it or for all or  any material part of its property; or any receiver, trustee, custodian, conservator, liquidator,  rehabilitator, administrator, administrative receiver, examiner or similar officer is appointed  without the application or consent of such Person and (except in the case of the U.K. Borrower)  the appointment continues undischarged or unstayed for sixty (60) calendar days; or any  proceeding under any Debtor Relief Law relating to any such Person or to all or any material part  of its property is instituted without the consent of such Person and (x) except in the case of the  U.K. Borrower, continues undismissed or unstayed for sixty (60) calendar days, or an order for  relief is entered in any such proceeding and (y) in the case of a winding-up petition relating to a  U.K. Borrower, continues undismissed or unstayed for fourteen (14) calendar days from the  commencement; or         (g)   Inability to Pay Debts; Attachment.  (i) Holdings, any Borrower or any  Significant Subsidiary becomes unable or admits in writing its inability or fails generally to pay  its Material Indebtedness as it becomes due, or (ii) any writ or warrant of attachment or execution  or similar process is issued or levied against all or any material part of the property of the Loan  Parties, taken as a whole, and is not released, vacated or fully bonded within sixty (60) days after  its issue or levy; or         (h)   Judgments.  There is entered against any Loan Party or any Restricted Subsidiary  a final judgment or order for the payment of money in an aggregate amount exceeding $100.0  million (to the extent not covered by independent third-party insurance as to which the insurer has  been notified of such judgment or order and has not denied coverage, it being understood for  purposes of this Agreement that the issuance of reservation of rights letter will not be considered  a denial of coverage) and such judgment or order shall not have been satisfied, vacated,  discharged or stayed or bonded pending an appeal for a period of sixty (60) consecutive days; or         (i)   ERISA.  (i) An ERISA Event occurs with respect to a Plan or Multiemployer  Plan which has resulted or could reasonably be expected to result in liability of any Loan Party  under Title IV of ERISA in an aggregate amount which could reasonably be expected to result in  a Material Adverse Effect, or (ii) any Loan Party or any ERISA Affiliate fails to pay when due,  after the expiration of any applicable grace period, any installment payment with respect to its  withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate  amount which could reasonably be expected to result in a Material Adverse Effect; or         (j)   Invalidity of Loan Documents.  Any material provision of any Loan Document,  at any time after its execution and delivery and for any reason other than as expressly permitted  hereunder or thereunder (including as a result of a transaction permitted under Section 6.03 or  6.05) or as a result of acts or omissions by the Agent or any Lender or the Discharge of                                

 

          Obligations, ceases to be in full force and effect; or any Loan Party or Foreign Borrower contests        in writing the validity or enforceability of any provision of any Loan Document; or any Loan        Party or Foreign Borrower denies in writing that it has any or further liability or obligation under        any Loan Document (other than as a result of the discharge of such Loan Party’s or Foreign        Borrower’s obligations hereunder in accordance with the terms of this Agreement), or purports in        writing to revoke or rescind any Loan Document; or               (k)   Change of Control.  There occurs any Change of Control; or               (l)   Collateral Documents.  To the extent unremedied for a period of 10 Business        Days (i) after any Responsible Officer of Holdings or the U.S. Borrower obtains knowledge        thereof (including upon notice thereof by the Agent to Holdings or the U.S. Borrower) or        reasonably should have known thereof, any Collateral Document after delivery thereof pursuant        to Section 4.01, 5.11 or 5.12 or pursuant to the Collateral Documents shall for any reason (other        than pursuant to the terms thereof including as a result of a transaction permitted under Section        6.03 or 6.05) cease to create a valid and perfected lien, with the priority required by the Collateral        Documents, (or other security purported to be created on the applicable Collateral) on and        security interest in any portion of the Collateral purported to be covered thereby, subject to Liens        permitted under Section 6.02, except to the extent that any such loss of perfection or priority        results from the failure of the Agent to maintain possession of certificates actually delivered to it        representing securities pledged under the Collateral Documents or to file UCC continuation        statements and except as to Collateral consisting of real property to the extent that such losses are        covered by a lender’s title insurance policy and such insurer has not denied coverage, or (ii) any        of the Equity Interests of the U.S. Borrower ceasing to be pledged pursuant to the Security        Agreement free of Liens other than Liens created by the Security Agreement or any        nonconsensual Liens arising solely by operation of law, in the case of clauses (i) and (ii), to the        extent such Equity Interests or other Collateral have an aggregate fair market value in excess of        $100.0 million.               SECTION 7.02  Remedies upon Event of Default.  If any Event of Default occurs and  is continuing, the Agent, at the request of the Required Lenders, shall take any or all of the following  actions (it being understood that during any period during which an Event of Default under Section 6.10  exists solely with respect to the Revolving Facilities and the Term Loans included in the definition of  “Required Financial Covenant Lenders”, the Agent at the request of the Required Financial Covenant  Lenders, shall take any of the actions described below solely as they relate to the Revolving Facilities and  the Term Loans included in clause (b) of the definition of “Required Financial Covenant Lenders”):               (a)   declare the commitment of each Lender to make Loans and any obligation of the        Issuing Banks to issue, amend or renew Letters of Credit to be terminated, whereupon such        commitments and obligation shall be terminated;               (b)   declare the unpaid principal amount of all outstanding Loans, all interest accrued        and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan        Document to be immediately due and payable, without presentment, demand, protest or other        notice of any kind, all of which are hereby expressly waived by the Borrowers and require all        outstanding Letters of Credit to be cash collateralized in accordance with Section 2.04(j); and               (c)   exercise on behalf of itself, the Issuing Banks and the Lenders all rights and        remedies available to it, the Issuing Banks and the Lenders under the Loan Documents or        applicable law;      

 

    provided that upon the occurrence of an actual or deemed entry of an order for relief with respect to the  U.S. Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make  Loans and any obligation of the Issuing Banks to issue, amend or renew Letters of Credit shall  automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other  amounts as aforesaid shall automatically become due and payable, in each case without further act of the  Agent, the Issuing Banks or any Lender.               In connection with any acceleration of the Obligations as contemplated above, the  Designated Obligations shall, automatically and with no further action required by the Agent, any Loan  Party or any Lender, be converted into the Dollar Equivalent, determined as of the date of such  acceleration (or, in the case of any LC Disbursements following the date of such acceleration, as of the  date of drawing under the applicable Letter of Credit) and from and after such date all amounts accruing  and owed to the Lenders in respect of such Designated Obligations shall accrue and be payable in Dollars  at the rate otherwise applicable hereunder.                                   ARTICLE VIII                                                                            THE AGENT               Each of the Lenders hereby irrevocably appoints the Agent (together with its Affiliates  and branches) as its agent and authorizes the Agent to take such actions on its behalf, including execution  of the other Loan Documents, and to exercise such powers as are delegated to the Agent by the terms of  the Loan Documents, together with such actions and powers as are reasonably incidental thereto.               The bank serving as the Agent hereunder shall have the same rights and powers in its  capacity as a Lender as any other Lender and may exercise the same as though it were not the Agent, and  such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of  business with the Loan Parties or any Subsidiary of a Loan Party or other Affiliate thereof as if it were not  the Agent hereunder.               The Agent shall also act as the “collateral agent” under the Loan Documents, and each of  the Lenders and Issuing Banks (including in its capacities as a holder of Secured Hedging Obligations and  Secured Cash Management, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact  appointed by the Agent for purposes of holding or enforcing any Lien on the Collateral (or any portion  thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at  the direction of the Agent, shall be entitled to the benefits of all provisions of this Article VIII and Article  IX (as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan  Documents) as if set forth in full herein with respect thereto.               The Agent shall not have any duties or obligations except those expressly set forth in the  Loan Documents.  Without limiting the generality of the foregoing, (a) the Agent shall not be subject to  any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b)  the Agent shall not have any duty to take any discretionary action or exercise any discretionary powers,  except discretionary rights and powers expressly contemplated by the Loan Documents that the Agent is  required to exercise in writing as directed by the Required Lenders (or such other number or percentage  of the Lenders as shall be necessary under the circumstances as provided in Section 9.02), and (c) except  as expressly set forth in the Loan Documents, the Agent shall not have any duty to disclose, and shall not  be liable for the failure to disclose, any information relating to any Loan Party or any of its Subsidiaries  that is communicated to or obtained by the bank serving as Agent or any of its Affiliates in any capacity.   The Agent shall not be liable for any action taken or not taken by it with the consent or at the request of  the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the      

 

    circumstances as provided in Section 9.02) or in the absence of its own gross negligence or willful  misconduct as determined by a court of competent jurisdiction by a final and nonappealable judgment.   The Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof  is given to the Agent by the U.S. Borrower or a Lender, and the Agent shall not be responsible for or have  any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection  with any Loan Document, (ii) the contents of any certificate, report or other document delivered  hereunder or in connection with any Loan Document, (iii) the performance or observance of any of the  covenants, agreements or other terms or conditions set forth in any Loan Document, (iv) the validity,  enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or  document, (v) the value or sufficiency of the Collateral or the creation, perfection or priority of Liens on  the Collateral or the existence of the Collateral, or (vi) the satisfaction of any condition set forth in  Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required  to be delivered to the Agent.               The Agent shall be entitled to rely upon, and shall not incur any liability for relying upon,  any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to  be genuine and to have been signed or sent by the proper Person.  The Agent also may rely upon any  statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall  not incur any liability for relying thereon.  The Agent may consult with legal counsel (who may be  counsel for the Loan Parties), independent accountants and other experts selected by it, and shall not be  liable for any action taken or not taken by it in accordance with the advice of any such counsel,  accountants or experts.               The Agent may perform any and all its duties and exercise its rights and powers by or  through any one or more sub-agents appointed by the Agent.  The Agent and any such sub-agent may  perform any and all its duties and exercise its rights and powers through their respective Related Parties.   The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the  Related Parties of the Agent and any such sub-agent, and shall apply to their respective activities in  connection with the syndication of the credit facilities provided for herein as well as activities as Agent.               Each of the Lenders, the Issuing Banks and the Loan Parties agree, that the Agent may,  but shall not be obligated to, make the Approved Electronic Communications available to the Lenders and  the Issuing Banks by posting such Approved Electronic Communications on IntraLinksTM or a  substantially similar electronic platform chosen by the Agent to be its electronic transmission system (the  “Approved Electronic Platform”).               Although the Approved Electronic Platform and its primary web portal are secured with  generally-applicable security procedures and policies implemented or modified by the Agent from time to  time (including, as of the Closing Date, a dual firewall and a User ID/Password Authorization System)  and the Approved Electronic Platform is secured through a single-user-per-deal authorization method  whereby each user may access the Approved Electronic Platform only on a deal-by-deal basis, each of the  Lenders and the Issuing Banks and the Loan Parties acknowledge and agree that the distribution of  material through an electronic medium is not necessarily secure and that there are confidentiality and  other risks associated with such distribution.  In consideration for the convenience and other benefits  afforded by such distribution and for the other consideration provided hereunder, the receipt and  sufficiency of which is hereby acknowledged, each of the Lenders, the Loan Parties and the Issuing Banks  hereby approve distribution of the Approved Electronic Communications through the Approved  Electronic Platform and understands and assumes the risks of such distribution.               The Approved Electronic Communications and the Approved Electronic Platform are  provided “as is” and “as available.”  None of the Agent or any of its Affiliates or any of their respective      

 

    officers, directors, employees, agents, advisors or representatives (the “Agent Affiliates”) warrant the  accuracy, adequacy or completeness of the Approved Electronic Communications and the Approved  Electronic Platform and each expressly disclaims liability for errors or omissions in the Approved  Electronic Communications and the Approved Electronic Platform.  No warranty of any kind, express,  implied or statutory (including, without limitation, any warranty of merchantability, fitness for a  particular purpose, noninfringement of third party rights or freedom from viruses or other code defects) is  made by the Agent Affiliates in connection with the approved electronic communications or the approved  electronic platform.               Each of the Lenders, the Issuing Banks and the Loan Parties agrees that the Agent may,  but (except as may be required by applicable law) shall not be obligated to, store the Approved Electronic  Communications on the Approved Electronic Platform in accordance with the Agent’s generally- applicable document retention procedures and policies.               Subject to the appointment and acceptance of a successor Agent as provided in this  paragraph, the Agent may resign at any time by notifying the Lenders, the Issuing Banks and the U.S.  Borrower.  Upon any such resignation, the Required Lenders shall have the right, with the consent (not to  be unreasonably withheld or delayed) of the U.S. Borrower, to appoint a successor; provided that, during  the existence and continuation of an Event of Default, no consent of the U.S. Borrower shall be required.   If no successor shall have been so appointed by the Required Lenders and shall have accepted such  appointment within thirty (30) days after the retiring Agent gives notice of its resignation, then the  retiring Agent may, on behalf of the Lenders and the Issuing Banks appoint a successor Agent which shall  be a commercial bank or an Affiliate of any such commercial bank reasonably acceptable to the U.S.  Borrower.  Upon the acceptance of its appointment as Agent hereunder by a successor, such successor  shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent,  and the retiring Agent shall be discharged from its duties and obligations hereunder.  The fees payable by  the Borrowers to a successor Agent shall be the same as those payable to its predecessor unless otherwise  agreed between the Borrowers and such successor.  After the Agent’s resignation hereunder, the  provisions of this Article and Section 9.03 shall continue in effect for the benefit of such retiring Agent,  its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by  any of them while it was acting as Agent.                 Each Lender acknowledges that it has, independently and without reliance upon the  Agent, any Joint Lead Arranger, any Co-Documentation Agent or any other Lender or a Related Party of  any of the foregoing and based on such documents and information as it has deemed appropriate, made its  own credit analysis and decision to enter into this Agreement.  Each Lender also acknowledges that it  will, independently and without reliance upon the Agent, any Joint Lead Arranger, any Co- Documentation Agent or any other Lender or a Related Party of any of the foregoing and based on such  documents and information as it shall from time to time deem appropriate, continue to make its own  decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or  related agreement or any document furnished hereunder or thereunder.               The co-arrangers, joint bookrunners, co-syndication agents and the co-documentation  agent shall not have any right, power, obligation, liability, responsibility or duty under this Agreement  other than those applicable to all Lenders as such.               Each Lender authorizes and directs the Agent to, upon the request of the U.S. Borrower,  enter into any intercreditor agreement with any agent under any Receivables Facility of the U.S. Borrower  or any of its Restricted Subsidiaries and each Lender agrees to be bound by the terms thereof that are  applicable to it thereunder.      

 

                Any supplement to this agreement effecting any Subsidiary of the U.S. Borrower  becoming an Additional Foreign Borrower may include “parallel debt” provisions or similar customary  provisions for credit facilities of borrowers organized in the jurisdiction of organization of such  Additional Foreign Borrower.               SECTION 8.01  Credit Bidding.  The Secured Parties hereby irrevocably authorize the  Agent, at the direction of the Required Lenders, to credit bid all or any portion of the Obligations  (including by accepting some or all of the Collateral in satisfaction of some or all of the Obligations  pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase (either directly or  through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof  conducted under the provisions of the Bankruptcy Code of the United States, including under Sections  363, 1123 or 1129 of the Bankruptcy Code of the United States, or any similar laws in any other  jurisdictions, or (b) at any other sale, foreclosure or acceptance of collateral in lieu of debt conducted by  (or with the consent or at the direction of) the Agent (whether by judicial action or otherwise) in  accordance with any applicable law.  In connection with any such credit bid and purchase, the Obligations  owed to the Secured Parties shall be entitled to be, and shall be, credit bid by the Agent at the direction of  the Required Lenders on a ratable basis (with Obligations with respect to contingent or unliquidated  claims receiving contingent interests in the acquired assets on a ratable basis that shall vest upon the  liquidation of such claims in an amount proportional to the liquidated portion of the contingent claim  amount used in allocating the contingent interests) for the asset or assets so purchased (or for the equity  interests or debt instruments of the acquisition vehicle or vehicles that are issued in connection with such  purchase).  In connection with any such bid (i) the Agent shall be authorized to form one or more  acquisition vehicles and to assign any successful credit bid to such acquisition vehicle or vehicles (ii) each  of the Secured Parties’ ratable interests in the Obligations which were credit bid shall be deemed without  any further action under this Agreement to be assigned to such vehicle or vehicles for the purpose of  closing such sale, (iii) the Agent shall be authorized to adopt documents providing for the governance of  the acquisition vehicle or vehicles (provided that any actions by the Agent with respect to such acquisition  vehicle or vehicles, including any disposition of the assets or equity interests thereof, shall be governed,  directly or indirectly, by, and the governing documents shall provide for, control by the vote of the  Required Lenders or their permitted assignees under the terms of this Agreement or the governing  documents of the applicable acquisition vehicle or vehicles, as the case may be, irrespective of the  termination of this Agreement and without giving effect to the limitations on actions by the Required  Lenders contained in Section 9.02 of this Agreement), (iv) the Agent on behalf of such acquisition vehicle  or vehicles shall be authorized to issue to each of the Secured Parties, ratably on account of the relevant  Obligations which were credit bid, interests, whether as equity, partnership, limited partnership interests  or membership interests, in any such acquisition vehicle and/or debt instruments issued by such  acquisition vehicle, all without the need for any Secured Party or acquisition vehicle to take any further  action, and (v) to the extent that Obligations that are assigned to an acquisition vehicle are not used to  acquire Collateral for any reason (as a result of another bid being higher or better, because the amount of  Obligations assigned to the acquisition vehicle exceeds the amount of Obligations credit bid by the  acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Secured  Parties pro rata and the equity interests and/or debt instruments issued by any acquisition vehicle on  account of such Obligations shall automatically be cancelled, without the need for any Secured Party or  any acquisition vehicle to take any further action.  Notwithstanding that the ratable portion of the  Obligations of each Secured Party are deemed assigned to the acquisition vehicle or vehicles as set forth  in clause (ii) above, each Secured Party shall execute such documents and provide such information  regarding the Secured Party (and/or any designee of the Secured Party which will receive interests in or  debt instruments issued by such acquisition vehicle) as the Agent may reasonably request in connection  with the formation of any acquisition vehicle, the formulation or submission of any credit bid or the  consummation of the transactions contemplated by such credit bid.      

 

                SECTION 8.02  Withholding Taxes.  To the extent required by any applicable laws,  the Agent may withhold from any payment to any Lender an amount equivalent to any applicable  withholding Tax.  Without limiting or expanding the provisions of Section 2.15, each Lender shall  indemnify and hold harmless the Agent against, within ten (10) days after written demand therefor, any  and all Taxes and any and all related losses, claims, liabilities and expenses (including fees, charges and  disbursements of any counsel for the Agent) incurred by or asserted against the Agent by the IRS or any  other Governmental Authority as a result of the failure of the Agent to properly withhold Tax from  amounts paid to or for the account of any Lender for any reason (including, without limitation, because  the appropriate form was not delivered or not properly executed, or because such Lender failed to notify  the Agent of a change in circumstance that rendered the exemption from, or reduction of withholding Tax  ineffective).  A certificate as to the amount of such payment or liability delivered to any Lender by the  Agent shall be conclusive absent manifest error.  Each Lender hereby authorizes the Agent to set off and  apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan  Document against any amount due the Agent under this Article VIII.  For the avoidance of doubt, a  “Lender” shall, for purposes of this paragraph, include any Issuing Bank. The agreements in this  paragraph shall survive the resignation and/or replacement of the Agent, any assignment of rights by, or  the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or  discharge of all other Obligations.                                    ARTICLE IX                                                                         MISCELLANEOUS               SECTION 9.01  Notices.               (a)   Except in the case of notices and other communications expressly permitted to be  given by telephone (and subject to paragraph (b) below), all notices and other communications provided  for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by  certified or registered mail or sent by facsimile, as follows:               if to any Loan Party or any Foreign Borrower, to it in care of the U.S. Borrower at:                     Aramark Services, Inc.                    1101 Market Street                    Philadelphia, PA  19107                    Attention:  Treasurer                    Facsimile No:  (215) 413-8841               with a copy to:                     Aramark Services, Inc.                    1101 Market Street                    Philadelphia, PA  19107                    Attention:  General Counsel                    Facsimile No:  (215) 238-3388               with a copy to:                     Simpson Thacher & Bartlett LLP                    425 Lexington Avenue                    New York, New York 10017      

 

                                    Attention:  Jennifer Hobbs        Fax No.:  (212) 455-2502        E-Mail Address:  jhobbs@stblaw.com                 if to the Agent, to it at:           JPMorgan Chase Bank, N.A.        Loan & Agency        500 Stanton Christiana Road, Ops 2, Floor 3        Newark, Delaware 19713-2107        Attention:  Jane Dreisbach        Facsimile No:  (302) 634-8459        E-Mail Address:  jane.dreisbach@Jpmorgan.com   and a copy to:         Cahill Gordon & Reindel LLP        80 Pine Street        New York, New York  10005        Attention:  Corey Wright        Fax No.:  (212) 269-5420        E-Mail Address:  cwright@cahill.com   if to the respective Issuing Banks for Letters of Credit (as applicable):         JPMorgan Chase Bank, N.A.        Loan & Agency        500 Stanton Christiana Road, Ops 2, Floor 3        Newark, Delaware 19713-2107        Attention:  Jane Dreisbach        Facsimile No:  (302) 634-8459        E-Mail Address:  jane.dreisbach@Jpmorgan.com         Goldman Sachs Lending Partners LLC        C/o Goldman Sachs Loan Operations        Attention: Letter of Credit Dpt. Manager         6011 Connection Drive        Irving, TX 75039        Facimile No.: 917-977-4587        E-mail Address: GS-LOC-OPERATIONS@NY.EMAIL.GS.COM                Bank of America, N.A.         1 Fleet Way         PA6-580-02-30        Scranton, PA 18507-1999        Attention: Charles Herron        Facsimile No.: 800-755-8743        E-mail Address: Charles.P.Herron@baml.com                        Credit Suisse AG        Trade Finance Services Department                                

 

                                    Eleven Madison Avenue, 9th Floor        New York, New York 10010        Facsimile No.: (212) 325-8315        E-mail Address:  list.ib-lettersofcredit-ny@credit-suisse.com                Wells Fargo Bank, N.A.        One South Broad St.,         8th Floor, Y1375-086        Philadelphia, PA 19107        Attention:  James Travagline        Facsimile No:  267-321-6700        E-Mail Address: james.travagline@wellsfargo.com                Barclays        700 Prides Crossing        Newark, DE 19713        Attention: Millie Ado        Facsimile No.: (201) 510 8101        E-mail Address: 12015108101@tls.ldsprod.com                 PNC Bank, N.A.        300 Fifth Avenue        Pittsburgh, PA 15222        Attention:  Lisa Pierce        Facsimile No:  412-762-2760        E-Mail Address: lisa.pierce@pnc.com          The Bank of Tokyo-Mitsubishi UFJ, Ltd., Canada Branch        Suite 1800, 200 Bay Street, RBC South Tower, Toronto, ON, M5J 2J1        Attention:  Theresa Algenio        Facsimile No:  416-367-3579        E-Mail Address: talgenio@ca.mufg.jp                 Morgan Stanley Bank, N.A.        1300 Thames Street Wharf, 4th floor Baltimore, MD 21231        Attention:  Morgan Stanley Loan Servicing        Facsimile No:  718-233-2140        E-Mail Address: msloanservicing@morganstanley.com                         if to the Agent with respect to Yen Term C Loans, to it at:         JPMorgan Europe Limited        Agency Loans        125 London Wall, Fl. 9        London, EC2Y 5AJ, UK        Attention:  James Beard        Facsimile No:  +44 (0) 207 777 2360        E-Mail Address:  james.uk.beard@jpmorgan.com                                 

 

                if to any other Lender, to it at its address or facsimile number set forth in its              Administrative Questionnaire.   All such notices and other communications (i) sent by hand or overnight courier service, or mailed by  certified or registered mail, shall be deemed to have been given when received or (ii) sent by facsimile  shall be deemed to have been given when sent and when receipt has been confirmed by telephone;  provided that if not given during normal business hours for the recipient, shall be deemed to have been  given at the opening of business on the next Business Day for the recipient.               (b)   Notices and other communications to the Lenders and the Issuing Banks  hereunder may be delivered or furnished by using Electronic Systems pursuant to procedures approved by  the Agent; provided that the foregoing shall not apply to notices pursuant to Article II unless otherwise  agreed by the Agent and the applicable Lender.  The Agent or the U.S. Borrower (on behalf of the Loan  Parties) 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 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), 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; provided that, for both        clauses (i) and (ii) above, if such notice, email 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.               (c)   Any party hereto may change its address or facsimile number for notices and  other communications hereunder by notice to the other parties hereto.               (d)   Electronic Systems.               (i)   Each Loan Party agrees that the Agent may, but shall not be obligated to, make  Communications (as defined below) available to the Issuing Banks and the other Lenders by posting the  Communications on Debt Domain, Intralinks, Syndtrak, ClearPar or a substantially similar Electronic  System.               (ii)  Any Electronic System used by the Agent is provided “as is” and “as available.”   The Agent Parties (as defined below) do not warrant the adequacy of such Electronic Systems and  expressly disclaim liability for errors or omissions in the Communications.  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 Communications or any Electronic System.  In no event shall the  Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower or  the other Loan Parties, any Lender, any Issuing Bank or any other Person or entity for damages of any  kind, including direct or indirect, special, incidental or consequential damages, losses or expenses  (whether in tort, contract or otherwise) arising out of any Loan Party’s or the Agent’s transmission of  communications through an Electronic System.  “Communications” means, collectively, any notice,  demand, communication, information, document or other material provided by or on behalf of any Loan  Party pursuant to any Loan Document or the transactions contemplated therein which is distributed by the      

 

    Agent, any Lender or any Issuing Bank by means of electronic communications pursuant to this Section,  including through an Electronic System.               SECTION 9.02  Waivers; Amendments.               (a)   No failure or delay by the Agent, any Issuing Bank or any Lender in exercising  any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor  shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of  steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any  other right or power.  The rights and remedies of the Agent, the Issuing Bank and the Lenders hereunder  and under any other Loan Document are cumulative and are not exclusive of any rights or remedies that  they would otherwise have.  No waiver of any provision of any Loan Document or consent to any  departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted  by paragraph (b) of this Section 9.02, and then such waiver or consent shall be effective only in the  specific instance and for the purpose for which given.  Without limiting the generality of the foregoing, to  the extent permitted by law, the making of a Loan or issuing of a Letter of Credit shall not be construed as  a waiver of any Default, regardless of whether the Agent, any Issuing Bank or any Lender may have had  notice or knowledge of such Default at the time.               (b)   Neither this Agreement nor any other Loan Document nor any provision hereof  or thereof may be waived, amended or modified except (i) in the case of this Agreement, pursuant to an  agreement or agreements in writing entered into by the Borrowers and the Required Lenders or, (ii) in the  case of any other Loan Document (other than any such amendment to effectuate any modification thereto  expressly contemplated by the terms of the other Loan Documents), pursuant to an agreement or  agreements in writing entered into by the Agent and the Loan Party or Loan Parties that are parties  thereto, with the consent of the Required Lenders; provided that no such agreement shall (A) increase the  Commitment of any Lender without the written consent of such Lender; it being understood that a waiver  of any condition precedent set forth in Article IV or the waiver of any Default or mandatory prepayment  shall not constitute an increase of any Commitment of any Lender, (B) reduce or forgive the principal  amount of any Loan or reimbursement obligation hereunder with respect to LC Disbursements or reduce  the rate of interest thereon, or reduce or forgive any interest or fees payable hereunder or change the  currency in which any such amount is required to be paid, without the written consent of each Lender  directly affected thereby, (C) postpone any scheduled date of payment of the principal amount of any  Loan, or any date for the payment of any interest, fees or other Obligations payable hereunder or the  reimbursement of any LC Disbursement, or reduce the amount of, waive or excuse any such payment, or  postpone the scheduled date of expiration of any Commitment, without the written consent of each  Lender directly affected thereby; provided that only the consent of the Required Lenders shall be  necessary to amend the provisions of Section 2.11(c) providing for the default rate of interest, or to waive  any obligations of any Borrower to pay interest at such default rate, (D) change Section 2.16(a) or (b) in a  manner that would alter the manner in which payments are shared, without the written consent of each  Lender adversely affected thereby, (E) change any of the provisions of this Section 9.02 or the definition  of “Required Lenders,” “Required Class Lenders,” “Required Financial Covenant Lenders” or “Required  Revolving Lenders” or any other provision of any Loan Document specifying the number or percentage  of Lenders required to waive, amend or modify any rights thereunder or make any determination or grant  any consent thereunder, without the written consent of each Lender adversely affected thereby, (F) release  all or substantially all of the Subsidiary Guarantors or the U.S. Borrower from their or its obligation under  its Loan Guaranty (except as otherwise permitted herein or in the other Loan Documents), without the  written consent of each Lender, (G) except as provided in clauses (c) and (d) of this Section 9.02 or in any  Collateral Document, release all or substantially all of the Collateral, without the written consent of each  Lender, (H) amend the definition of “Secured Obligations,” “Secured Hedge Obligations,” or “Secured  Cash Management Obligations” without the written consent of each Lender adversely affected thereby or      

 

    (I) waive any condition set forth in Section 4.02 as to any Borrowing under one or more Revolving  Facilities without the written consent of the Required Revolving Lenders (and, for the avoidance of doubt,  no consent of the Required Lenders shall be required); provided, further, that no such agreement shall  amend, modify or otherwise (x) affect the rights or duties of the Agent or any Issuing Bank hereunder  without the prior written consent of the Agent or such Issuing Bank, as applicable or (y) make any change  to the documents that by its terms affects the rights of any Class of Lenders to receive payments in any  manner different than any other Class of Lenders without the written consent of the Required Class  Lenders of such Class; and provided, further, that no amendment, modification, waiver of or consent with  respect to any of the terms and provisions (and related definitions) of Section 6.10 shall be effective  without the written consent of the Required Financial Covenant Lenders and any such amendment,  supplement, modification or waiver shall be effective with the written consent of only the Required  Financial Covenant Lenders (or the Agent with the prior written consent thereof), on the one hand, and  the Borrowers, on the other hand.  Notwithstanding anything to the contrary contained herein, no  amendment shall require any Revolving Lender to make Revolving Loans to a Borrower other than the  applicable Borrowers under such Revolving Facility without the consent of such Revolving Lender.               (c)   The Lenders hereby irrevocably agree that the Liens granted to the Agent by the  Loan Parties on any Collateral shall be automatically released (i) upon the Discharge of Obligations, (ii)  upon the sale or other disposition of the property constituting such Collateral (including as part of or in  connection with any other sale or other disposition permitted hereunder) to any Person other than another  Loan Party, to the extent such sale or other disposition is made in compliance with the terms of this  Agreement (and the Agent may rely conclusively on a certificate to that effect provided to it by any Loan  Party upon its reasonable request without further inquiry), (iii) subject to paragraph (b) of this  Section 9.02, if the release of such Lien is approved, authorized or ratified in writing by the Required  Lenders, (iv) to the extent the property constituting such Collateral is owned by any Loan Guarantor,  upon the release of such Loan Guarantor from its obligations under its Loan Guaranty in accordance with  the provisions of this Agreement, (v) as required to effect any sale or other disposition of such Collateral  in connection with any exercise of remedies of the Agent and the Lenders pursuant to the Collateral  Documents or (vi) with respect to any Mortgaged Property, upon such Mortgaged Property becoming an  Excluded Asset (as defined in the Security Agreement); provided that the Agent may, in its discretion,  release the Lien on Collateral valued in the aggregate not in excess of $10.0 million during each fiscal  year without consent of any Lender.  Any such release shall not in any manner discharge, affect, or impair  the Obligations or any Liens (other than those expressly being released) upon (or obligations of the Loan  Parties in respect of) all interests retained by the Loan Parties, including the proceeds of any sale, all of  which shall continue to constitute part of the Collateral to the extent required under the provisions of the  Loan Documents. The Lenders irrevocably authorize the Agent to release or subordinate any Lien on any  property granted to or held by the Agent or the Collateral Agent under any Loan Document to the holder  of any Lien on such property that is permitted by paragraph (q) of the definition of Permitted Liens  (solely as it relates to Indebtedness permitted to be incurred pursuant to Sections 6.01(b)(vi), (b)(xxi) or  (b)(xxii)(A)) (in each case, to the extent required by the terms of the obligations secured by such Liens)  pursuant to documents reasonably acceptable to the Agent).               (d)   Notwithstanding anything to the contrary contained in this Section 9.02, (A)  guarantees and related documents, if any, executed by Foreign Subsidiaries in connection with this  Agreement may be in a form reasonably determined by the Agent and may be amended and waived with  the consent of the Agent at the request of the U.S. Borrower without the need to obtain the consent of any  other Lenders if such amendment or waiver is delivered in order (i) to comply with local law or advice of  local counsel, (ii) to cure ambiguities or defects or (iii) to cause such guarantee or other document to be  consistent with this Agreement and the other Loan Documents and (B) any waiver, amendment or  modification of this Agreement that by its terms affects the rights or duties under this Agreement of  Lenders holding Loans or Commitments of a particular Class (but not the Lenders holding Loans or      

 

    Commitments of any other Class) and is not adverse in any material respect to any other Class may be  effected by an agreement or agreements in writing entered into solely by the U.S. Borrower, the Agent  and the requisite percentage in interest of the affected Class of Lenders stating that would be required to  consent thereto under this Section if such Class of Lenders were the only Class of Lenders hereunder at  time.               (e)   If, in connection with any proposed amendment, waiver or consent requiring the  consent of “each Lender” or “each Lender directly affected thereby,” the consent of the Required Lenders  is obtained, but the consent of other necessary Lenders is not obtained (any such Lender whose consent is  necessary but not obtained being referred to herein as a “Non-Consenting Lender”), then the U.S.  Borrower may elect to replace a Non-Consenting Lender as a Lender party to this Agreement (or to  replace such Non-Consenting Lender from the Class for which consent is being sought); provided that,  concurrently with such replacement, (i) another bank or other entity which is reasonably satisfactory to  the U.S. Borrower and the Agent, and, with respect to assignees that are Revolving Lenders, each Issuing  Bank shall agree, as of such date, to purchase for cash the Loans and other Obligations due to the Non- Consenting Lender pursuant to an Assignment and Assumption and to become a Lender for all purposes  under this Agreement and to assume all obligations of the Non-Consenting Lender to be terminated as of  such date and to comply with the requirements of clause (b)(ii) of Section 9.04, (ii) the replacement  Lender shall grant its consent with respect to the applicable proposed amendment, waiver or consent and  (iii) the applicable Borrower shall pay to such Non-Consenting Lender in same day funds on the day of  such replacement all interest, fees and other amounts then accrued but unpaid to such Non-Consenting  Lender by such Borrower hereunder to and including the date of termination, including without limitation  payments due to such Non-Consenting Lender under Sections 2.14 and 2.15 (assuming that the Loans of  such Non-Consenting Lender have been prepaid on such date rather than sold to the replacement Lender).               (f)   if the Agent and the Borrower acting together identify any ambiguity, omission,  mistake, typographical error or other defect in any provision of this Agreement or any other Loan  Document, then the Agent and the Borrower shall be permitted to amend, modify or supplement such  provision to cure such ambiguity, omission, mistake, typographical error or other defect, and such  amendment shall become effective without any further action or consent of any other party to this  Agreement.               SECTION 9.03  Expenses; Indemnity; Damage Waiver.               (a)   The U.S. Borrower shall pay (and, to the extent directly attributable to the  facilities provided to any Foreign Borrower hereunder, each Foreign Borrower shall severally and not  jointly with the U.S. Borrower be obligated to pay) (i) all reasonable documented out-of-pocket expenses  incurred by the Agent and its Affiliates, including the reasonable fees, charges and disbursements of  Cahill Gordon & Reindel LLP, counsel for the Agent, and each other local non-U.S. counsel for the Agent  in connection with the syndication and distribution (including, without limitation, via the internet or  through a service such as Intralinks) of the credit facilities provided for herein and the preparation of the  Loan Documents and related documentation, (ii) all reasonable documented out-of-pocket expenses  incurred by the Agent and its Affiliates, including the reasonable fees, charges and disbursements of  outside legal counsel to the Agent, in connection with any amendments, modifications or waivers of the  provisions of any Loan Documents (whether or not the transactions contemplated thereby shall be  consummated), (iii) all reasonable documented out-of-pocket expenses incurred by the Agent, the Issuing  Banks or the Lenders, including the reasonable documented fees, charges and disbursements of any  counsel for the Agent and for one law firm retained by the Issuing Banks and the Lenders (and such  additional counsel as the Agent or any Lender or group of Lenders determines are necessary in light of  actual or potential conflicts of interest or the availability of different claims of defenses), in connection  with the enforcement, collection or protection of its rights in connection with the Loan Documents,      

 

    including its rights under this Section, or in connection with the Loans and other extensions of credit  made hereunder, including all such reasonable documented out-of-pocket expenses incurred during any  workout, restructuring or related negotiations in respect of such Loans, and (iv) subject to any other  provisions of this Agreement, of the Loan Documents or of any separate agreement entered into by the  Borrowers and the Agent with respect thereto, all reasonable documented out-of-pocket expenses incurred  by the Agent in the administration of the Loan Documents.  Expenses reimbursable by the U.S. Borrower  under this Section include, without limiting the generality of the foregoing, subject to any other applicable  provision of any Loan Document, reasonable documented out-of-pocket costs and expenses incurred in  connection with:               (i)   lien and title searches and title insurance; and               (ii)  taxes, fees and other charges for recording the Mortgages, filing financing        statements and continuations, and other actions to perfect, protect, and continue the Agent’s        Liens.               (b)   The Borrowers shall indemnify the Agent, each Issuing Bank and each Lender, in  their capacities as such, and each Related Party of any of the foregoing Persons (except for any Related  Party that is an initial purchaser of the New Senior Notes acting in its capacity as such) (each such Person  being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses,  claims, damages, penalties, liabilities and related expenses, including the fees, charges and disbursements  of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in  connection with, or as a result of (i) the execution or delivery of the Loan Documents or any agreement or  instrument contemplated thereby, the performance by the parties hereto of their respective obligations  thereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii)  any Environmental Liability related in any way to the U.S. Borrower or any of its Subsidiaries or to any  property owned or operated by the U.S. Borrower or any of its Subsidiaries, (iii) any actual or prospective  claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract,  tort or any other theory and regardless of whether any Indemnitee is a party thereto (and regardless of  whether such matter is initiated by a third party or by any Borrower, any other Loan Party or any of their  respective Affiliates) or (iv) any Loan or Letter of Credit or the use or proposed use of the proceeds  therefrom; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that  such losses, claims, damages, penalties, liabilities or related expenses are determined by a court of  competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or  willful misconduct of such Indemnitee.               (c)   To the extent that the Borrowers fail to pay any amount required to be paid by it  to the Agent under paragraph (a) or (b) of this Section 9.03, each Lender severally agrees to pay to the  Agent such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed  expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense  or indemnified loss, claim, damage, penalty, liability or related expense, as the case may be, was incurred  by or asserted against the Agent in its capacity as such.               (d)   To the extent permitted by applicable law, no party to this Agreement shall  assert, and each hereby waives, any claim against any other party hereto or any Related Party thereof, on  any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or  actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or  instrument contemplated hereby, the Transactions, any Loan, any Letter of Credit or the use of the  proceeds thereof; provided that, nothing in this clause (d) shall relieve any Borrower of any obligation it  may have to indemnify an Indemnitee against special, indirect, consequential or punitive damages  asserted against such Indemnitee by a third party.      

 

                (e)   Other than to the extent required to be paid on the Closing Date, all amounts due  under clauses (a) and (b) above shall be payable by the applicable Borrower within ten (10) Business  Days of receipt of an invoice relating thereto and setting forth such expenses in reasonable detail.  All  amounts due from the Lenders under clause (c) above shall be paid promptly after written demand  therefor.               SECTION 9.04  Successors and Assigns.                (a)   The provisions of this Agreement shall be binding upon and inure to the benefit  of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate  of any Issuing Bank that issues any Letter of Credit), except that (i) except as permitted by Section 6.03  or the definition of “Change of Control,” no Borrower may assign or otherwise transfer any of its rights or  obligations hereunder without the prior written consent of each Lender (and any attempted assignment or  transfer by any such Borrower without such consent shall be null and void) and (ii) no Lender may assign  or otherwise transfer its rights or obligations hereunder except in accordance with this Section.  Nothing  in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the  parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of any  Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this  Section) and, to the extent expressly contemplated hereby, the Related Parties of each of the Agent, the  Issuing Banks and the Lenders) any legal or equitable right, remedy or claim under or by reason of this  Agreement.               (b)   (i)  Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may  assign to one or more Persons (other than an Ineligible Institution) all or a portion of its rights and  obligations under this Agreement (including all or a portion of its Commitment, participations in Letters  of Credit and the Loans at the time owing to it) with the prior written consent (such consent not to be  unreasonably withheld or delayed) of:               (A)   the U.S. Borrower; provided that, the U.S. Borrower shall be deemed to have        consented to an assignment of Term Loans unless it shall have objected thereto by written notice        to the Agent within ten (10) Business Days after having received notice thereof; provided that no        consent of the U.S. Borrower shall be required for an assignment to a Lender, an Affiliate of a        Lender, an Approved Fund or, if an Event of Default specified in paragraph (a), (f) or (g) of        Section 7.01 has occurred and is continuing, any other assignee;               (B)   the Agent; provided that no consent of the Agent shall be required for an        assignment of (x) any Revolving Commitment to an assignee that is a Lender (other than a        Defaulting Lender) with a Revolving Commitment immediately prior to giving effect to such        assignment and (y) all or any portion of a Term Loan to a Lender, an Affiliate of a Lender or an        Approved Fund; and               (C)   each Issuing Bank; provided that no consent of the Issuing Banks shall be        required for an assignment of all or any portion of a Term Loan.               (ii)  Assignments shall be subject to the following additional conditions:               (A)   except in the case of an assignment to a Lender or an Affiliate of a Lender or an        assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans of        any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such        assignment (determined as of the date the Assignment and Assumption with respect to such        assignment is delivered to the Agent) shall not be less than, (u) in the case of any Revolving      

 

          Commitments or Revolving Loans, $5,000,000, (v) in the case of a U.S. Term A Loan,        $1,000,000 or an integral multiple of $1,000,000 in excess thereof, (w) in the case of a U.S. Term        B-2 Loan or, U.S. Term B-3 Loan or U.S. Term B-4 Loan, $250,000 or an integral multiple of        $250,000 in excess thereof, (x) in the case of a Canadian Dollar denominated Term Loan,        C$1,000,000 or an integral multiple of C$1,000,000 in excess thereof, (y) in the case of a Yen        denominated Term Loan, ¥100,000,000 or an integral multiple in of ¥100,000,000 in excess        thereof or (z) in the case of a Euro denominated Term Loan, €1,000,000 or an integral multiple in        of €1,000,000 in excess thereof, in each case unless each of the Borrower and the Agent        otherwise consent; provided that no such consent of the Borrower shall be required if an Event of        Default specified in paragraph (a), (f), or (g) of Section 7.01 has occurred and is continuing;               (B)   each partial assignment shall be made as an assignment of a proportionate part of        all the assigning Lender’s rights and obligations under this Agreement; provided that this clause        shall not be construed to prohibit the assignment of a proportionate part of all the assigning        Lender’s rights and obligations in respect of one Class of Commitments or Loans;               (C)   the parties to each assignment shall execute and deliver to the Agent (x) an        Assignment and Assumption or (y) to the extent applicable, an agreement incorporating an        Assignment and Assumption by reference pursuant to a Platform as to which the Agent and the        parties to the Assignment and Assumption are participants), together with a processing and        recordation fee of $3,500; and               (D)   the assignee, if it shall not be a Lender, shall deliver to the Agent an        Administrative Questionnaire in which the assignee designates one or more Credit Contacts to        whom all syndicate-level information (which may contain material non-public information about        the Loan Parties and their related parties or their respective securities) will be made available and        who may receive such information in accordance with the assignee’s compliance procedures and        applicable laws, including Federal and state securities laws.               For the purposes of this Section 9.04(b), the terms “Approved Fund” and “Ineligible  Institution” have the following meanings:               “Approved Fund” means any Person (other than a natural person) that is engaged in  making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary  course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or  (c) an entity or an Affiliate of an entity that administers or manages a Lender.               “Ineligible Institution” means (a) a natural person, (b) a Defaulting Lender or its Lender  Parent, (c) a holding company, investment vehicle or trust for, or owned and operated for the primary  benefit of, a natural person or relative(s) thereof or (d) a Borrower or any of its Affiliates; provided that,  with respect to clause (c), such holding company, investment vehicle or trust shall not constitute an  Ineligible Institution if it (x) has not been established for the primary purpose of acquiring any Loans or  Commitments, (y) is managed by a professional advisor, who is not such natural person or a relative  thereof, having significant experience in the business of making or purchasing commercial loans, and (z)  has assets greater than $25,000,000 and a significant part of its activities consist of making or purchasing  commercial loans and similar extensions of credit in the ordinary course of its business.              (iii)  Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this  Section, from and after the effective date specified in each Assignment and Assumption the assignee  thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and  Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender      

 

    thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released  from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering  all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a  party hereto but shall continue to be entitled to the benefits of Sections 2.14, 2.15 and 9.03 with respect to  facts and circumstances occurring on or prior to the effective date of such assignment).  Any assignment  or transfer by a Lender of rights or obligations under this Agreement that does not comply with this  Section 9.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in  such rights and obligations in accordance with paragraph (c) of this Section.              (iv)   The Agent, acting for this purpose as a non-fiduciary agent of the Borrowers,  shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a  register for the recordation of the names and addresses of the Lenders, and the Commitment of, and  principal amount (and stated interest) of the Loans and LC Disbursements owing to, each Lender pursuant  to the terms hereof from time to time (the “Register”).  The entries in the Register shall be conclusive,  absent manifest error, and each Borrower, the Agent, the Issuing Banks and the Lenders shall treat each  Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all  purposes of this Agreement, notwithstanding notice to the contrary.  The Register shall be available for  inspection by any Borrower, and solely with respect to their own interests, any Issuing Bank and any  Lender, at any reasonable time and from time to time upon reasonable prior notice.               (v)   Upon its receipt of (x) a duly completed Assignment and Assumption executed  by an assigning Lender and an assignee or (y) to the extent applicable, an agreement incorporating an  Assignment and Assumption by reference pursuant to a Platform as to which the Agent and the parties to  the Assignment and Assumption are participants), the assignee’s completed Administrative Questionnaire  (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in  paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this  Section, the Agent shall accept such Assignment and Assumption and record the information contained  therein in the Register; provided that if either the assigning Lender or the assignee shall have failed to  make any payment required to be made by it pursuant to Section 2.02, 2.04, 2.16(b) or 9.03(c), the Agent  shall have no obligation to accept such Assignment and Assumption and record the information therein in  the Register unless and until such payment shall have been made in full, together with all accrued interest  thereon.  No assignment shall be effective for purposes of this Agreement unless it has been recorded in  the Register as provided in this paragraph.               (c)   Any Lender may, without the consent of any Borrower, the Agent or the Issuing  Banks, sell participations to one or more banks or other entities (a “Participant”), other than an Ineligible  Institution, in all or a portion of such Lender’s rights and obligations under this Agreement (including all  or a portion of its Commitment and the Loans owing to it); provided that (A) such Lender’s obligations  under this Agreement shall remain unchanged; (B) such Lender shall remain solely responsible to the  other parties hereto for the performance of such obligations; and (C) each Borrower, the Agent, the  Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender in  connection with such Lender’s rights and obligations under this Agreement.  Any agreement or  instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall  retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of  any provision of this Agreement; provided that such agreement or instrument may provide that such  Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver  described in clauses (A), (B), (C), (D), (F) and (G) of the first proviso to Section 9.02(b) that affects such  Participant.  The Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.14  and 2.15 (subject to the requirements and limitations of such Sections, it being understood and agreed that  the documentation required under Section 2.15(g) shall be delivered solely to the participating Lender) to  the same extent as if it were a Lender and had acquired its interest by assignment pursuant to      

 

    paragraph (b) of this Section 9.04; provided that such Participant shall not be entitled to receive any  greater payment under Section 2.14 or 2.15, with respect to any participation, than its participating Lender  would have been entitled to receive, except to the extent such entitlement to receive a greater payment  results from a Change in Law that occurs after the Participant acquired the applicable participation.  To  the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.08 as  though it were a Lender; provided that such Participant agrees to be subject to Section 2.16(c) as though it  were a Lender.  Each Lender that sells a participation shall, acting solely for this purpose as a non- fiduciary agent of the applicable Borrower, maintain a register on which it enters the name and address of  each Participant and the principal amounts (and stated interest) of each Participant’s interest in the  applicable Loans or other obligations under the Loan Documents (the “Participant Register”); provided  that no Lender shall have any obligation to disclose all or any portion of the Participant Register  (including the identity of any Participant or any information relating to a Participant’s interest in any  Commitments, Loans, Letters of Credit or its other obligations under any Loan Document) to any Person  except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of  Credit or other obligation is in registered form under Section 5f.103-1(c) of the U.S. Treasury  Regulations.  The entries in the Participant Register shall be conclusive absent manifest error, and such  Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such  participation for all purposes of this Agreement notwithstanding any notice to the contrary.  For the  avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for maintaining a  Participant Register.               (d)   Any Lender may at any time pledge or assign a security interest in all or any  portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or  assignment to secure obligations to a Federal Reserve Bank, and this Section shall not apply to any such  pledge or assignment of a security interest; provided that no such pledge or assignment of a security  interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or  assignee for such Lender as a party hereto.               (e)   Any reference in the Loan Documents to "Bank of America Merrill Lynch  International Limited" is a reference to its successor in title Bank of America Merrill Lynch International  Designated Activity Company (including, without limitation, its branches) pursuant to and with effect  from the merger between Bank of America Merrill Lynch International Limited and Bank of America  Merrill Lynch International Designated Activity Company that takes effect in accordance with Chapter II,  Title II of Directive (EU) 2017/1132 (which repeals and codifies the Cross-Border Mergers Directive  (2005/56/EC)), as implemented in the United Kingdom and Ireland.  Notwithstanding anything to the  contrary in the Loan Documents, a transfer of rights and obligations from Bank of America Merrill Lynch  International Limited to Bank of America Merrill Lynch International Designated Activity Company  pursuant to such merger shall be permitted.               SECTION 9.05  Survival.  All covenants, agreements, representations and warranties  made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in  connection with or pursuant to this Agreement or any other Loan Document shall be considered to have  been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan  Documents and the making of any Loans, regardless of any investigation made by any such other party or  on its behalf and notwithstanding that the Agent or any Lender may have had notice or knowledge of any  Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall  continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee  or any other amount payable under this Agreement is outstanding and unpaid and so long as the  Commitments have not expired or terminated.  The provisions of Sections 2.14, 2.15 and 9.03 and  Article VIII shall survive and remain in full force and effect regardless of the consummation of the      

 

    transactions contemplated hereby, the Discharge of Obligations or the termination of this Agreement or  any provision hereof.               SECTION 9.06  Counterparts; Integration; Effectiveness; Electronic Execution.                 (a)   This Agreement may be executed in counterparts (and by different parties hereto  on different counterparts), each of which shall constitute an original, but all of which when taken together  shall constitute a single contract.  This Agreement, the other Loan Documents and the Fee Letter, dated as  of February 28, 2017, by and among the U.S. Borrower and JPMorgan Chase Bank, N.A., and any  separate letter agreements with respect to fees payable to the Agent constitute the entire contract among  the parties relating to the subject matter hereof and supersede any and all previous agreements and  understandings, oral or written, relating to the subject matter hereof.  Except as provided in Article IV,  this Agreement shall become effective when it shall have been executed by the Agent and when the Agent  shall have received counterparts hereof which, when taken together, bear the signatures of each of the  other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and  their respective successors and assigns.  Delivery of an executed counterpart of a signature page of this  Agreement by facsimile shall be effective as delivery of a manually executed counterpart of this  Agreement.               (b)   Delivery of an executed counterpart of a signature page of this Agreement by  telecopy, emailed pdf. or any other electronic means that reproduces an image of the actual executed  signature page shall be effective as delivery of a manually executed counterpart of this Agreement.  The  words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to any  document to be signed in connection with this Agreement and the transactions contemplated hereby shall  be deemed to include Electronic Signatures, deliveries 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,  physical delivery thereof 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; provided that nothing herein shall  require the Agent to accept electronic signatures in any form or format without its prior written consent.               SECTION 9.07  Severability.  To the extent permitted by law, any provision of any  Loan Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such  jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting  the validity, legality and enforceability of the remaining provisions thereof; and the invalidity of a  particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.               SECTION 9.08  Right of Setoff.  If an Event of Default shall have occurred and be  continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time,  to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or  demand, provisional or final) at any time held and other obligations at any time owing by such Lender or  Affiliate to or for the credit or the account of any Borrower or any Loan Guarantor against any of and all  the Secured Obligations held by such Lender, irrespective of whether or not such Lender shall have made  any demand under the Loan Documents and although such obligations may be unmatured.  The applicable  Lender shall notify such Borrower and the Agent of such setoff or application; provided that any failure to  give or any delay in giving such notice shall not affect the validity of any such setoff or application under  this Section 9.08.  The rights of each Lender under this Section 9.08 are in addition to other rights and  remedies (including other rights of setoff) which such Lender may have.  NOTWITHSTANDING THE  FOREGOING, AT ANY TIME THAT ANY OF THE SECURED OBLIGATIONS SHALL BE  SECURED BY REAL PROPERTY LOCATED IN CALIFORNIA, NO LENDER SHALL EXERCISE      

 

    A RIGHT OF SETOFF, LENDER’S LIEN OR COUNTERCLAIM OR TAKE ANY COURT OR  ADMINISTRATIVE ACTION OR INSTITUTE ANY PROCEEDING TO ENFORCE ANY  PROVISION OF THIS AGREEMENT OR ANY LOAN DOCUMENT UNLESS IT IS TAKEN WITH  THE CONSENT OF THE LENDERS REQUIRED BY SECTION 9.02 OF THIS AGREEMENT, IF  SUCH SETOFF OR ACTION OR PROCEEDING WOULD OR MIGHT (PURSUANT TO  SECTIONS 580a, 580b, 580d AND 726 OF THE CALIFORNIA CODE OF CIVIL PROCEDURE OR  SECTION 2924 OF THE CALIFORNIA CIVIL CODE, IF APPLICABLE, OR OTHERWISE) AFFECT  OR IMPAIR THE VALIDITY, PRIORITY, OR ENFORCEABILITY OF THE LIENS GRANTED TO  THE AGENT PURSUANT TO THE COLLATERAL DOCUMENTS OR THE ENFORCEABILITY OF  THE OBLIGATIONS HEREUNDER, AND ANY ATTEMPTED EXERCISE BY ANY LENDER OR  ANY SUCH RIGHT WITHOUT OBTAINING SUCH CONSENT OF THE PARTIES AS REQUIRED  ABOVE, SHALL BE NULL AND VOID.  THIS PARAGRAPH SHALL BE SOLELY FOR THE  BENEFIT OF EACH OF THE LENDERS.               SECTION 9.09  Governing Law; Jurisdiction; Consent to Service of Process.               (a)   THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER  THAN AS EXPRESSLY SET FORTH IN ANY OTHER LOAN DOCUMENT) SHALL BE  CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF  NEW YORK.               (b)   Each Loan Party hereby irrevocably and unconditionally submits, for itself and  its property, to the exclusive jurisdiction of any U.S. Federal or New York State court sitting in the  Borough of Manhattan, New York, New York in any action or proceeding arising out of or relating to any  Loan Documents, or for recognition or enforcement of any judgment, and each of the parties hereto  hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding  may be heard and determined in such New York State or, to the extent permitted by law, in such Federal  court.  Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be  conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner  provided by law.  Nothing in this Agreement or any other Loan Document shall affect any right that the  Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or  any other Loan Document against any Loan Party or its properties in the courts of any jurisdiction.               (c)   Each Loan Party hereby irrevocably and unconditionally waives, to the fullest  extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying  of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan  Document in any court referred to in paragraph (b) of this Section 9.09.  Each of the parties hereto hereby  irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the  maintenance of such action or proceeding in any such court.               (d)   Each of the Foreign Borrowers hereby irrevocably designates, appoints and  empowers Aramark Services, Inc. (the “Process Agent”), in the case of any suit, action or proceeding  brought in the United States of America as its designee, appointee and agent to receive, accept and  acknowledge for and on its behalf, and in respect of its property, service of any and all legal process,  summons, notices and documents that may be served in any action or proceeding arising out of or in  connection with this Agreement or any other Loan Document.  Such service may be made by mailing (by  registered or certified mail, postage prepaid) or delivering a copy of such process to such Foreign  Borrower in care of the Process Agent at the Process Agent’s above address, and each of the Foreign  Borrowers hereby irrevocably authorizes and directs the Process Agent to accept such service on its  behalf.  As an alternative method of service, each of the Foreign Borrowers irrevocably consents to the  service of any and all process in any such action or proceeding by the mailing (by registered or certified      

 

    mail, postage prepaid) of copies of such process to the Process Agent or such Foreign Borrower at its  address specified in Section 9.01.  Aramark Services, Inc. hereby acknowledges and accepts its  appointment as Process Agent for each of the Foreign Borrowers and the corresponding rights and  obligations set forth in this paragraph (d).               (e)   To the extent permitted by law, each party to this Agreement hereby irrevocably  waives personal service of any and all process upon it and agrees that all such service of process may be  made by registered mail (return receipt requested) directed to it at its address for notices as provided for in  Section 9.01 or, in the case of any Foreign Borrower, as provided for in Section 9.09(d).  Nothing in this  Agreement or any other Loan Document will affect the right of any party to this Agreement to serve  process in any other manner permitted by law.               (f)   If for the purposes of obtaining judgment in any court it is necessary to convert a  sum due hereunder in Dollars, Canadian Dollars, Euros, Sterling or Yen into another currency, the parties  hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be  that at which in accordance with normal banking procedures the Agent could purchase Dollars, Canadian  Dollars, Euros, Sterling or Yen, as the case may be, with such other currency at the spot rate of exchange  quoted by the Agent at 11:00 a.m. (New York City time) on the Business Day preceding that on which  final judgment is given, for the purchase of Dollars, Canadian Dollars, Euros, Sterling or Yen, as the case  may be, for delivery two Business Days thereafter.  The obligation of each Borrower in respect of any  such sum due from it to the 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 sum is  denominated in accordance with the applicable provisions of this Agreement (the “Agreement  Currency”), be discharged only to the extent that on the Business Day following receipt by the Agent of  any sum adjudged to be so due in the Judgment Currency, the 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 Agent in the Agreement  Currency, each Borrower agrees, as a separate obligation and notwithstanding any such judgment, to  indemnify the Agent or the Person to whom such obligation was owing against such loss.               SECTION 9.10  WAIVER OF JURY TRIAL.  EACH PARTY HERETO HEREBY  WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT  MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY  ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR  THE TRANSACTIONS CONTEMPLATED THEREBY (WHETHER BASED ON CONTRACT, TORT  OR ANY OTHER THEORY).  EACH PARTY HERETO (A) CERTIFIES THAT NO  REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED,  EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF  LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES  THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS  AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS  IN THIS SECTION 9.10.               SECTION 9.11  Headings.  Article and Section headings and the Table of Contents  used herein are for convenience of reference only, are not part of this Agreement and shall not affect the  construction of, or be taken into consideration in interpreting, this Agreement.               SECTION 9.12  Confidentiality.  The Agent and each Lender agrees to maintain the  confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its  Affiliates and it and its Affiliates’ directors, officers, employees and agents, including accountants, legal  counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be      

 

    informed of the confidential nature of such Information and instructed to keep such Information  confidential), (b) to the extent requested by any regulatory, governmental or administrative authority, (c)  to the extent required by law or by any subpoena or similar legal process, (d) to any other party to this  Agreement, (e) in connection with the exercise of any remedies hereunder or under any other Loan  Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the  enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions  substantially similar to or consistent with those of this Section 9.12, to (i) any assignee of or Participant  in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement,  (ii) any pledgee referred to in Section 9.04(d) or (iii) any actual or prospective counterparty (or its  advisors) to any swap or derivative transaction relating to the Loan Parties and their obligations, (g) with  the consent of the U.S. Borrower or (h) to the extent such Information (i) becomes publicly available  other than as a result of a breach of this Section 9.12 or (ii) becomes available to the Agent or any Lender  on a nonconfidential basis from a source other than any Borrower.  For the purposes of this Section 9.12,  “Information” means all information received from any Loan Party or any Foreign Borrower relating to  the Loan Parties, the Subsidiaries or their respective businesses or the Transactions other than any such  information that is available to the Agent or any Lender on a nonconfidential basis prior to disclosure by  any Loan Party or any of the Subsidiaries or that becomes publicly available other than as a result of a  breach by such Agent or Lender of its obligations hereunder.  Any Person required to maintain the  confidentiality of Information as provided in this Section 9.12 shall be considered to have complied with  its obligation to do so if such Person has exercised substantially the same degree of care to maintain the  confidentiality of such Information as such Person would accord to its own confidential information.               SECTION 9.13  Several Obligations; Nonreliance; Violation of Law.  The respective  obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any  Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its  obligations hereunder.  Each Lender hereby represents that (a) it is not relying on or looking to any  Margin Stock for the repayment of the Borrowings and other credit extensions provided for herein and  acknowledges that the Collateral shall not include any Margin Stock and (b) it is not and will not become  a “creditor” as defined in Regulation T or a “foreign branch of a broker-dealer” within the meaning of  Regulation X.  Anything contained in this Agreement to the contrary notwithstanding, no Lender shall be  obligated to extend credit to any Borrower in violation of any Requirement of Law.               SECTION 9.14  USA PATRIOT Act.  Each Lender that is subject to the requirements  of the USA PATRIOT Act or the Proceeds of Crime (Money Laundering) and Terrorist Financing Act  (Canada) hereby notifies each Loan Party that pursuant to the requirements of such Act or Acts, it is  required to obtain, verify and record information that identifies each Loan Party, which information  includes the name and address of each Loan Party and other information that will allow such Lender to  identify each Loan Party in accordance with such Acts.  Each Loan Party shall, promptly following a  request by the Agent (on behalf of itself or any Lender), provide all reasonable documentation and other  information that the Agent or such Lender reasonably requests that is a Requirement of Law in order to  comply with its ongoing obligations under applicable “know your customer” and anti-money laundering  rules and regulations, including the USA PATRIOT Act and the Proceeds of Crime (Money Laundering)  and Terrorist Financing Act (Canada).               SECTION 9.15  Disclosure.  Each Loan Party and each Lender hereby acknowledges  and agrees that the Agent and/or its Affiliates from time to time may hold investments in, make other  loans to or have other relationships with any of the Loan Parties and their respective Affiliates.  In  addition, each Loan Party and each Lender hereby acknowledges that Affiliates of the Joint Lead  Arrangers, the Co-Documentation Agent, the Agent and certain of the Lenders will be initial purchasers  of the New Senior Notes.      

 

                SECTION 9.16  Interest Rate Limitation.  Notwithstanding anything herein to the  contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other  amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”),  shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged,  taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate  of interest payable in respect of such Loan hereunder, together with all Charges payable in respect  thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that  would have been payable in respect of such Loan but were not payable as a result of the operation of this  Section 9.16 shall be cumulated and the interest and Charges payable to such Lender in respect of other  Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated  amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall  have been received by such Lender.               SECTION 9.17  Material Non-Public Information.               (a)   EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED  IN SECTION 9.12(a) FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE  MATERIAL NON-PUBLIC INFORMATION CONCERNING THE BORROWER AND  ITS  RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS  DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON- PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC  INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW,  INCLUDING FEDERAL AND STATE SECURITIES LAWS.               (b)   ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND  AMENDMENTS, FURNISHED BY THE BORROWER OR THE AGENT PURSUANT TO, OR IN  THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL  INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT  THE LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES.   ACCORDINGLY, EACH LENDER REPRESENTS TO THE BORROWER AND THE AGENT THAT  IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO  MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC  INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE  LAW.               SECTION 9.18  No Fiduciary Duty, etc.  Each Borrower acknowledges and agrees,  and acknowledges its subsidiaries’ understanding, that none of the Agent, any Joint Lead Arranger, any  Incremental Amendment No. 2 Joint Lead Arranger, the Incremental Amendment No. 3 Arranger, any  Amendment No. 5 Arranger, any Amendment No. 6 Arranger, any Amendment No. 7 Arranger, any  Incremental Amendment No. 8 Joint Lead Arranger, any Co-Documentation Agent, any Incremental  Amendment No. 2 Co-Documentation Agent, any Incremental Amendment No. 8 Co-Documentation  Agent, any Issuing Bank or any Lender will have any obligations except those obligations expressly set  forth herein and in the other Loan Documents and each of the Agent, each Joint Lead Arranger, each  Incremental Amendment No. 2 Joint Lead Arranger, the Incremental Amendment No. 3 Arranger, each  Amendment No. 5 Arranger, each Amendment No. 6 Arranger, each Amendment No. 7 Arranger, each  Incremental Amendment No. 8 Joint Lead Arranger, each Co-Documentation Agent, each Incremental  Amendment No. 2 Co-Documentation Agent, each Incremental Amendment No. 8 Co-Documentation  Agent, each Issuing Bank and each Lender is acting solely in the capacity of an arm’s length contractual  counterparty to such Borrower with respect to the Loan Documents and the transaction contemplated  therein and not as a financial advisor or a fiduciary to, or an agent of, such Borrower or any other person  (including, without limitation, each other Loan Party).  Each Borrower agrees that it will not assert any      

 

    claim against the Agent, any Joint Lead Arranger, any Incremental Amendment No. 2 Joint Lead  Arranger, the Incremental Amendment No. 3 Arranger, any Amendment No. 5 Arranger, any Amendment  No. 6 Arranger, any Amendment No. 7 Arranger, any Incremental Amendment No. 8 Joint Lead  Arranger, any Co-Documentation Agent, any Incremental Amendment No. 2 Co-Documentation Agent,  any Incremental Amendment No. 8 Co-Documentation Agent, any Issuing Bank or any Lender based on  an alleged breach of fiduciary duty by such Agent, Joint Lead Arranger, Incremental Amendment No. 2  Joint Lead Arranger, Incremental Amendment No. 3 Arranger, Amendment No. 5 Arranger, Amendment  No. 6 Arranger, Amendment No. 7 Arranger, Incremental Amendment No. 8 Joint Lead Arranger, Co- Documentation Agent, Incremental Amendment No. 2 Co-Documentation Agent, Incremental  Amendment No. 8 Co-Documentation Agent, Issuing Bank or Lender in connection with this Agreement  and the transactions contemplated hereby.  Additionally, each Borrower acknowledges and agrees that  none of the Agent, any Joint Lead Arranger, any Incremental Amendment No. 2 Joint Lead Arranger, the  Incremental Amendment No. 3 Arranger, any Amendment No. 5 Arranger, any Amendment No. 6  Arranger, any Amendment No. 7 Arranger, any Incremental Amendment No. 8 Joint Lead Arranger, any  Co-Documentation Agent, any Incremental Amendment No. 2 Co-Documentation Agent, any  Incremental Amendment No. 8 Co-Documentation Agent, any Issuing Bank or any Lender is advising  such Borrower as to any legal, tax, investment, accounting, regulatory or any other matters in any  jurisdiction.  Each Borrower shall consult with its own advisors concerning such matters and shall be  responsible for making its own independent investigation and appraisal of the transactions contemplated  hereby, and none of the Agent, any Joint Lead Arranger, any Incremental Amendment No. 2 Joint Lead  Arranger, the Incremental Amendment No. 3 Arranger, any Amendment No. 5 Arranger, any Amendment  No. 6 Arranger, any Amendment No. 7 Arranger, any Incremental Amendment No. 8 Joint Lead  Arranger, any Co-Documentation Agent, any Incremental Amendment No. 2 Co-Documentation Agent,  any Incremental Amendment No. 8 Co-Documentation Agent, any Issuing Bank or any Lender shall have  any responsibility or liability to such Borrower with respect thereto.              Each Borrower further acknowledges and agrees, and acknowledges its subsidiaries’  understanding, that each of the Agent, each Joint Lead Arranger, each Incremental Amendment No. 2  Joint Lead Arranger, the Incremental Amendment No. 3 Arranger, each Amendment No. 5 Arranger, each  Amendment No. 6 Arranger, each Amendment No. 7 Arranger, each Incremental Amendment No. 8 Joint  Lead Arranger, each Co-Documentation Agent, each Incremental Amendment No. 2 Co-Documentation  Agent, each Incremental Amendment No. 8 Co-Documentation Agent and each Issuing Bank is, and  certain of the Lenders are, full service securities or banking firms engaged in securities trading and  brokerage activities as well as providing investment banking and other financial services.  In the ordinary  course of business, any of the Agent, any Joint Lead Arranger, any Incremental Amendment No. 2 Joint  Lead Arranger, the Incremental Amendment No. 3 Arranger, any Amendment No. 5 Arranger, any  Amendment No. 6 Arranger, any Amendment No. 7 Arranger, any Incremental Amendment No. 8 Joint  Lead Arranger, any Co-Documentation Agent, any Incremental Amendment No. 2 Co-Documentation  Agent, any Incremental Amendment No. 8 Co-Documentation Agent, any Issuing Bank or any Lender  may provide investment banking and other financial services to, and/or acquire, hold or sell, for its own  accounts and the accounts of customers, equity, debt and other securities and financial instruments  (including bank loans and other obligations) of, you and other companies with which you may have  commercial or other relationships.  With respect to any securities and/or financial instruments so held by  any of the Agent, any Joint Lead Arranger, any Incremental Amendment No. 2 Joint Lead Arranger, the  Incremental Amendment No. 3 Arranger, any Amendment No. 5 Arranger, any Amendment No. 6  Arranger, any Amendment No. 7 Arranger, any Incremental Amendment No. 8 Joint Lead Arranger, any  Co-Documentation Agent, any Incremental Amendment No. 2 Co-Documentation Agent, any  Incremental Amendment No. 8 Co-Documentation Agent, any Issuing Bank or any Lender or any of its  customers, all rights in respect of such securities and financial instruments, including any voting rights,  will be exercised by the holder of the rights, in its sole discretion.       

 

                In addition, each Borrower acknowledges and agrees, and acknowledges its subsidiaries’  understanding, that each of the Agent, any Joint Lead Arranger, any Incremental Amendment No. 2 Joint  Lead Arranger, the Incremental Amendment No. 3 Arranger, any Amendment No. 5 Arranger, any  Amendment No. 6 Arranger, any Amendment No. 7 Arranger, any Incremental Amendment No. 8 Joint  Lead Arranger, any Co-Documentation Agent, any Incremental Amendment No. 2 Co-Documentation  Agent, any Incremental Amendment No. 8 Co-Documentation Agent, any Issuing Bank or any Lender  and any of their respective affiliates may be providing debt financing, equity capital or other services  (including financial advisory services) to other companies in respect of which you may have conflicting  interests regarding the transactions described herein and otherwise.  None of the Agent, any Joint Lead  Arranger, any Incremental Amendment No. 2 Joint Lead Arranger, the Incremental Amendment No. 3  Arranger, any Amendment No. 5 Arranger, any Amendment No. 6 Arranger, any Amendment No. 7  Arranger, any Incremental Amendment No. 8 Joint Lead Arranger, any Co-Documentation Agent, any  Incremental Amendment No. 2 Co-Documentation Agent, any Incremental Amendment No. 8 Co- Documentation Agent, any Issuing Bank or any Lender will use confidential information obtained from  you by virtue of the transactions contemplated by the Loan Documents or its other relationships with you  in connection with the performance by such Person of services for other companies, and none of the  Agent, any Joint Lead Arranger, any Incremental Amendment No. 2 Joint Lead Arranger, the Incremental  Amendment No. 3 Arranger, any Amendment No. 5 Arranger, any Amendment No. 6 Arranger, any  Amendment No. 7 Arranger, any Incremental Amendment No. 8 Joint Lead Arranger, any Co- Documentation Agent, any Incremental Amendment No. 2 Co-Documentation Agent, any Incremental  Amendment No. 8 Co-Documentation Agent, any Issuing Bank or any Lender will furnish any such  information to other companies.  You also acknowledge that none of the Agent, any Joint Lead Arranger,  any Incremental Amendment No. 2 Joint Lead Arranger, the Incremental Amendment No. 3 Arranger,  any Amendment No. 5 Arranger, any Amendment No. 6 Arranger, any Amendment No. 7 Arranger, any  Incremental Amendment No. 8 Joint Lead Arranger, any Co-Documentation Agent, any Incremental  Amendment No. 2 Co-Documentation Agent, any Incremental Amendment No. 8 Co-Documentation  Agent, any Issuing Bank or any Lender has any obligation to use in connection with the transactions  contemplated by the Loan Documents, or to furnish to you, confidential information obtained from other  companies.               SECTION 9.19  Keepwell.  Each Qualified ECP Guarantor hereby jointly and  severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as  may be needed from time to time by each other Loan Party to honor all of its obligations under this  Agreement in respect of Swap Obligations (provided, however, that each Qualified ECP Guarantor shall  only be liable under this Section 9.19 for the maximum amount of such liability that can be hereby  incurred without rendering its obligations under this Section 9.19, or otherwise under this Agreement,  voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any  greater amount). The obligations of each Qualified ECP Guarantor under this Section 9.19 shall remain in  full force and effect until the satisfaction and discharge of all Guaranteed Obligations.  The U.S.  Borrower and each Qualified ECP Guarantor intends that this Section 9.19 constitute, and this Section  9.19 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of the U.S.  Borrower and each Qualified ECP Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the  Commodity Exchange Act.                SECTION 9.20  Acknowledgement and Consent to Bail-In of EEA Financial  Institutions.  Notwithstanding anything to the contrary in any Loan Document or in any other agreement,  arrangement or understanding among any such parties, each party hereto acknowledges that any liability  of any EEA Financial Institution arising under any Loan Document, to the extent such liability is  unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and  agrees and consents to, and acknowledges and agrees to be bound by:      

 

                (a)   the application of any Write-Down and Conversion Powers by an EEA        Resolution Authority to any such liabilities arising hereunder which may be payable to it by any        party hereto that is an EEA Financial Institution; and               (b)   the effects of any Bail-In Action on any such liability, including, if applicable:                     (i)   a reduction in full or in part or cancellation of any such liability;                     (ii)  a conversion of all, or a portion of, such liability into shares or other              instruments of ownership in such EEA Financial Institution, its parent undertaking, or a              bridge institution that may be issued to it or otherwise conferred on it, and that such              shares or other instruments of ownership will be accepted by it in lieu of any rights with              respect to any such liability under this Agreement or any other Loan Document; or                     (iii) the variation of the terms of such liability in connection with the exercise              of the write-down and conversion powers of any EEA Resolution Authority.                                    ARTICLE X                                                                         LOAN GUARANTY               SECTION 10.01 Guaranty.               (a)   Each Loan Guarantor hereby agrees that it is jointly and severally liable for, and,  as primary obligor and not merely as surety, and absolutely and unconditionally guarantees to the Secured  Parties the prompt payment when due, whether at stated maturity, upon acceleration or otherwise, and at  all times thereafter, of the Secured Obligations (collectively the “Guaranteed Obligations”).  Each Loan  Guarantor further agrees that the Guaranteed Obligations may be extended or renewed in whole or in part  without notice to or further assent from it, and that it remains bound upon its guarantee notwithstanding  any such extension or renewal. For the avoidance of doubt, unless required by applicable law, the parties  hereto acknowledge and agree to report consistently therewith that each Loan Guarantor that is a  Domestic Subsidiary of the U.S. Borrower shall be treated as a primary obligor of the U.S. Borrower  Guaranteed Obligations for U.S. federal and state tax purposes.               (b)   The U.S. Borrower hereby agrees that it is jointly and severally liable for, and, as  primary obligor and not merely as surety, and absolutely and unconditionally guarantees to the Secured  Parties the prompt payment when due, whether at stated maturity, upon acceleration or otherwise, and at  all times thereafter, of the Secured Obligations (other than Secured Obligations that are expressly the  obligations of the U.S. Borrower pursuant to the terms of any Loan Document, Hedge Agreement or Cash  Management Agreement, which Secured Obligations shall continue to be the primary obligations of the  U.S. Borrower) (collectively the “U.S. Borrower Guaranteed Obligations”).  The U.S. Borrower further  agrees that the U.S. Borrower Guaranteed Obligations may be extended or renewed in whole or in part  without notice to or further assent from it, and that it remains bound upon its guarantee notwithstanding  any such extension or renewal.  The provisions of this Article X (other than Section 10.12) shall apply  equally to the U.S. Borrower as guarantor of the U.S. Borrower Guaranteed Obligations as to the Loan  Guarantors as guarantors of the Guaranteed Obligations.               SECTION 10.02 Guaranty of Payment.  This Loan Guaranty is a guaranty of payment  and not of collection.  Each Loan Guarantor waives any right to require the Agent or any Secured Party to  sue any Borrower, any Loan Guarantor, any other guarantor, or any other Person obligated for all or any      

 

    part of the Guaranteed Obligations (each, an “Obligated Party”), or otherwise to enforce its payment  against any collateral securing all or any part of the Guaranteed Obligations.               SECTION 10.03 No Discharge or Diminishment of Loan Guaranty.               (a)   Except as otherwise provided for herein, the obligations of each Loan Guarantor  hereunder are unconditional and absolute and not subject to any reduction, limitation, impairment or  termination for any reason (other than the indefeasible payment in full in cash of the Guaranteed  Obligations), including (i) any claim of waiver, release, extension, renewal, settlement, surrender,  alteration, or compromise of any of the Guaranteed Obligations, by operation of law or otherwise; (ii) any  change in the corporate existence, structure or ownership of any Borrower or any other guarantor of or  other Person liable for any of the Guaranteed Obligations; (iii) any insolvency, bankruptcy, reorganization  or other similar proceeding affecting any Obligated Party, or their assets or any resulting release or  discharge of any obligation of any Obligated Party; or (iv) the existence of any claim, setoff or other  rights which any Loan Guarantor may have at any time against any Obligated Party, the Agent, any  Secured Party, or any other Person, whether in connection herewith or in any unrelated transactions.               (b)   The obligations of each Loan Guarantor hereunder are not subject to any defense  or setoff, counterclaim, recoupment, or termination whatsoever by reason of the invalidity, illegality, or  unenforceability of any of the Guaranteed Obligations or otherwise, or any provision of applicable law or  regulation purporting to prohibit payment by any Obligated Party, of the Guaranteed Obligations or any  part thereof.               (c)   Further, the obligations of any Loan Guarantor hereunder are not discharged or  impaired or otherwise affected by:  (i) the failure of the Agent or any Secured Party to assert any claim or  demand or to enforce any remedy with respect to all or any part of the Guaranteed Obligations; (ii) any  waiver or modification of or supplement to any provision of any agreement relating to the Guaranteed  Obligations; (iii) any release, non-perfection, or invalidity of any indirect or direct security for the  obligations of any Borrower for all or any part of the Guaranteed Obligations or any obligations of any  other guarantor of or other Person liable for any of the Guaranteed Obligations; (iv) any action or failure  to act by the Agent or any Secured Party with respect to any collateral securing any part of the  Guaranteed Obligations; or (v) any default, failure or delay, willful or otherwise, in the payment or  performance of any of the Guaranteed Obligations, or any other circumstance, act, omission or delay that  might in any manner or to any extent vary the risk of such Loan Guarantor or that would otherwise  operate as a discharge of any Loan Guarantor as a matter of law or equity (other than the indefeasible  payment in full in cash of the Guaranteed Obligations).               SECTION 10.04 Defenses Waived.  To the fullest extent permitted by applicable law,  each Loan Guarantor hereby waives any defense based on or arising out of any defense of any Borrower  or any Loan Guarantor or the unenforceability of all or any part of the Guaranteed Obligations from any  cause, or the cessation from any cause of the liability of any Borrower or any Loan Guarantor, other than  the indefeasible payment in full in cash of the Guaranteed Obligations.  Without limiting the generality of  the foregoing, each Loan Guarantor irrevocably waives acceptance hereof, presentment, demand, protest  and, to the fullest extent permitted by law, any notice not provided for herein, as well as any requirement  that at any time any action be taken by any Person against any Obligated Party, or any other Person.  The  Agent may, at its election, foreclose on any Collateral held by it by one or more judicial or nonjudicial  sales, accept an assignment of any such Collateral in lieu of foreclosure or otherwise act or fail to act with  respect to any collateral securing all or a part of the Guaranteed Obligations, compromise or adjust any  part of the Guaranteed Obligations, make any other accommodation with any Obligated Party or exercise  any other right or remedy available to it against any Obligated Party, without affecting or impairing in any  way the liability of such Loan Guarantor under this Loan Guaranty except to the extent the Guaranteed      

 

    Obligations have been fully and indefeasibly paid in cash.  To the fullest extent permitted by applicable  law, each Loan Guarantor waives any defense arising out of any such election even though that election  may operate, pursuant to applicable law, to impair or extinguish any right of reimbursement or  subrogation or other right or remedy of any Loan Guarantor against any Obligated Party or any security.               SECTION 10.05 Rights of Subrogation.  No Loan Guarantor will assert any right,  claim or cause of action, including, without limitation, a claim of subrogation, contribution or  indemnification that it has against any Obligated Party, or any collateral, until the Loan Parties and the  Loan Guarantors have fully performed all their obligations to the Agent and the Secured Parties.               SECTION 10.06 Reinstatement; Stay of Acceleration.  If at any time any payment of  any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the  insolvency, bankruptcy, or reorganization of any Borrower or otherwise, each Loan Guarantor’s  obligations under this Loan Guaranty with respect to that payment shall be reinstated at such time as  though the payment had not been made.  If acceleration of the time for payment of any of the Guaranteed  Obligations is stayed upon the insolvency, bankruptcy or reorganization of any Borrower, all such  amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed  Obligations shall nonetheless be payable by the Loan Guarantors forthwith on demand by the Secured  Party.               SECTION 10.07 Information.  Each Loan Guarantor assumes all responsibility for  being and keeping itself informed of each Borrower’s financial condition and assets, and of all other  circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope  and extent of the risks that each Loan Guarantor assumes and incurs under this Loan Guaranty, and agrees  that neither the Agent nor any Secured Party shall have any duty to advise any Loan Guarantor of  information known to it regarding those circumstances or risks.               SECTION 10.08 [Reserved].                 SECTION 10.09 Maximum Liability.  The provisions of this Loan Guaranty are  severable, and in any action or proceeding involving any state corporate law, or any state, Federal or  foreign bankruptcy, insolvency, reorganization or other law affecting the rights of creditors generally, if  the obligations of any Loan Guarantor under this Loan Guaranty would otherwise be held or determined  to be avoidable, invalid or unenforceable on account of the amount of such Loan Guarantor’s liability  under this Loan Guaranty, then, notwithstanding any other provision of this Loan Guaranty to the  contrary, the amount of such liability shall, without any further action by the Loan Guarantors or the  Secured Parties, be automatically limited and reduced to the highest amount that is valid and enforceable  as determined in such action or proceeding (such highest amount determined hereunder being the relevant  Loan Guarantor’s “Maximum Liability”).  This Section 10.09 with respect to the Maximum Liability of  each Loan Guarantor is intended solely to preserve the rights of the Secured Parties to the maximum  extent not subject to avoidance under applicable law, and no Loan Guarantor nor any other Person or  entity shall have any right or claim under this Section 10.09 with respect to such Maximum Liability,  except to the extent necessary so that the obligations of any Loan Guarantor hereunder shall not be  rendered voidable under applicable law.  Each Loan Guarantor agrees that the Guaranteed Obligations  may at any time and from time to time exceed the Maximum Liability of each Loan Guarantor without  impairing this Loan Guaranty or affecting the rights and remedies of the Secured Parties hereunder;  provided that nothing in this sentence shall be construed to increase any Loan Guarantor’s obligations  hereunder beyond its Maximum Liability.               SECTION 10.10 Contribution.  In the event any Loan Guarantor (a “Paying  Guarantor”) shall make any payment or payments under this Loan Guaranty or shall suffer any loss as a      

 

    result of any realization upon any collateral granted by it to secure its obligations under this Loan  Guaranty, each other Loan Guarantor (each a “Non-Paying Guarantor”) shall contribute to such Paying  Guarantor an amount equal to such Non-Paying Guarantor’s “Guarantor Percentage” of such payment or  payments made, or losses suffered, by such Paying Guarantor.  For purposes of this Article X, each Non- Paying Guarantor’s “Guarantor Percentage” with respect to any such payment or loss by a Paying  Guarantor shall be determined as of the date on which such payment or loss was made by reference to the  ratio of (i) such Non-Paying Guarantor’s Maximum Liability as of such date (without giving effect to any  right to receive, or obligation to make, any contribution hereunder) or, if such Non-Paying Guarantor’s  Maximum Liability has not been determined, the aggregate amount of all monies received by such Non- Paying Guarantor from any Borrower after the Closing Date (whether by loan, capital infusion or by other  means) to (ii) the aggregate Maximum Liability of all Loan Guarantors hereunder (including such Paying  Guarantor) as of such date (without giving effect to any right to receive, or obligation to make, any  contribution hereunder), or to the extent that a Maximum Liability has not been determined for any Loan  Guarantor, the aggregate amount of all monies received by such Loan Guarantors from any Borrower  after the Closing Date (whether by loan, capital infusion or by other means).  Nothing in this provision  shall affect any Loan Guarantor’s several liability for the entire amount of the Guaranteed Obligations (up  to such Loan Guarantor’s Maximum Liability).  Each of the Loan Guarantors covenants and agrees that  its right to receive any contribution under this Loan Guaranty from a Non-Paying Guarantor shall be  subordinate and junior in right of payment to the payment in full in cash of the Guaranteed Obligations.   This provision is for the benefit of both the Agent, the Secured Parties  and the Loan Guarantors and may  be enforced by any one, or more, or all of them in accordance with the terms hereof.               SECTION 10.11 Liability Cumulative.  The liability of each Loan Party as a Loan  Guarantor under this Article X is in addition to and shall be cumulative with all liabilities of each Loan  Party to the Agent and the Secured Parties under this Agreement and the other Loan Documents to which  such Loan Party is a party or in respect of any obligations or liabilities of the other Loan Parties, without  any limitation as to amount, unless the instrument or agreement evidencing or creating such other liability  specifically provides to the contrary.               SECTION 10.12 Release of Loan Guarantors.  Notwithstanding anything in  Section 9.02(b) to the contrary (i) a Subsidiary Guarantor shall automatically be released from its  obligations hereunder and its Loan Guaranty shall be automatically released upon the consummation of  any transaction permitted hereunder as a result of which such Subsidiary Guarantor ceases to be a  Domestic Subsidiary of the U.S. Borrower and (ii) so long as no Event of Default has occurred and is  continuing (A) if a Loan Guarantor is or becomes an Immaterial Subsidiary, and such release would not  result in any Immaterial Subsidiary being required pursuant to Section 5.11(e) to become a Loan Party  hereunder (except to the extent that on and as of the date of such release, one or more other Immaterial  Subsidiaries become Loan Guarantors hereunder and the provisions of Section 5.11(e) are satisfied upon  giving effect to all such additions and releases), (B) a Restricted Subsidiary is designated as an  Unrestricted Subsidiary in accordance with Section 6.07, (C) a Restricted Subsidiary is designated as a  Receivables Subsidiary in connection with a Receivables Facility otherwise permitted hereunder and such  Restricted Subsidiary owns no assets or engages in no activities other than such assets or activities which  are the subject of such Receivables Facility or (D) a Loan Guarantor ceases to be a Wholly-Owned  Subsidiary as a result of a transaction permitted by this Agreement, then in the case of each of clauses  (A), (B), (C) and (D), such Subsidiary Guarantor shall be automatically released from its obligations  hereunder and its Loan Guaranty shall be automatically released upon notification thereof from the U.S.  Borrower to the Agent.  In connection with any such release, the Agent shall execute and deliver to any  Subsidiary Guarantor, at such Subsidiary Guarantor’s expense, all documents that such Subsidiary  Guarantor shall reasonably request to evidence such termination or release.  Any execution and delivery  of documents pursuant to the preceding sentence of this Section 10.12 shall be without recourse to or  warranty by the Agent.       

 

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