Document:

ex10-2.htm

EXHIBIT 10.2

 

Director Fee Arrangements for 2009

 

Each director of Southern Missouri Bancorp, Inc. (the "Company") also is a director of Southern Bank (the "Bank"). For 2009, each director receives an annual fee of $10,800 for serving on the Company's Board of Directors and $13,200 for serving on the Bank's Board of Directors.exv10w1

Exhibit 10.1

 

Amended and Restated

Credit Agreement

dated as of September 24, 2009

Among

The Shaw Group Inc.,

as the Borrower,

BNP Paribas,

as Administrative Agent

and

The Other Lenders Signatory Hereto

BNP Paribas Securities Corp.,

as Joint Lead Arranger and Sole Book Runner

BBVA Compass,

as Joint Lead Arranger and Co-Syndication Agent

Bank of America Securities LLC

Joint Lead Arranger and

Bank of America, N.A.,

as Co-Syndication Agent

Bank of Montreal,

as Joint Lead Arranger and Co-Syndication Agent

Regions Bank,

as Co-Documentation Agent

Bank of Nova Scotia, 

as Co-Documentation Agent

$1,214,000,000 Facility

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	ARTICLE I DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	ARTICLE II THE CREDITS
	 	 	27	 
	2.1 Commitments
	 	 	27	 
	2.2 Required Payments, Termination
	 	 	29	 
	2.3 Ratable Loans
	 	 	31	 
	2.4 Types of Advances
	 	 	31	 
	2.5 Commitment Fee, Reductions in Aggregate Commitment
	 	 	31	 
	2.6 Minimum Amount of Each Advance
	 	 	31	 
	2.7 Optional Principal Payments
	 	 	31	 
	2.8 Method of Selecting Types and Interest Periods for New Advances
	 	 	32	 
	2.9 Conversion and Continuation of Outstanding Advances
	 	 	32	 
	2.10 Change in Interest Rate, etc.
	 	 	33	 
	2.11 Rates Applicable After Default
	 	 	33	 
	2.12 Method of Payment
	 	 	34	 
	2.13 Noteless Agreement, Evidence of Indebtedness
	 	 	34	 
	2.14 Telephonic Notices
	 	 	35	 
	2.15 Interest Payment Dates, Interest and Fee Basis
	 	 	35	 
	2.16 Notification of Advances, Interest Rates, Prepayments and Commitment Reductions
	 	 	36	 
	2.17 Lending Installations
	 	 	36	 
	2.18 Non-Receipt of Funds by the Agent
	 	 	36	 
	2.19 Facility LCs
	 	 	36	 
	2.20 Replacement of Lender
	 	 	42	 
	2.21 Increase of the Commitments
	 	 	42	 
	2.22 Defaulting Lenders
	 	 	43	 
	 
	 	 	 	 
	ARTICLE III YIELD PROTECTION; TAXES
	 	 	45	 
	3.1 Yield Protection
	 	 	45	 
	3.2 Changes in Capital Adequacy Regulations
	 	 	46	 
	3.3 Availability of Types of Advances
	 	 	47	 
	3.4 Funding Indemnification
	 	 	48	 
	3.5 Taxes
	 	 	48	 

- i -

 

	 	 	 	 	 
	3.6 Lender Statements; Survival of Indemnity
	 	 	50	 
	3.7 Effect of Yield Protection
	 	 	50	 
	 
	 	 	 	 
	ARTICLE IV CONDITIONS PRECEDENT
	 	 	51	 
	4.1 Effectiveness
	 	 	51	 
	4.2 Each Credit Extension
	 	 	52	 
	4.3 Reaffirmations of Warranties
	 	 	52	 
	 
	 	 	 	 
	ARTICLE V REPRESENTATIONS AND WARRANTIES
	 	 	52	 
	5.1 Existence and Standing
	 	 	52	 
	5.2 Authorization and Validity
	 	 	53	 
	5.3 No Conflict; Government Consent
	 	 	53	 
	5.4 Financial Statements
	 	 	53	 
	5.5 Material Adverse Change
	 	 	54	 
	5.6 Taxes
	 	 	54	 
	5.7 Litigation and Contingent Obligations
	 	 	54	 
	5.8 Subsidiaries
	 	 	54	 
	5.9 ERISA
	 	 	55	 
	5.10 Accuracy of Information
	 	 	55	 
	5.11 Regulation T, U and X
	 	 	55	 
	5.12 Material Agreements
	 	 	55	 
	5.13 Compliance With Laws
	 	 	55	 
	5.14 Ownership of Properties
	 	 	55	 
	5.15 Plan Assets; Prohibited Transactions
	 	 	55	 
	5.16 Environmental Matters
	 	 	56	 
	5.17 Investment Company Act
	 	 	56	 
	5.18 Public Utility Holding Company Act
	 	 	56	 
	5.19 No Default
	 	 	56	 
	5.20 Post-Retirement Benefits
	 	 	56	 
	5.21 Insurance
	 	 	56	 
	5.22 Solvency
	 	 	56	 
	5.23 Bond Obligations
	 	 	57	 
	5.24 Intellectual Property
	 	 	57	 
	5.25 Revisions or Updates to the Schedules
	 	 	57	 

- ii -

 

	 	 	 	 	 
	5.26 Commercial Activity; Absence of Immunity
	 	 	57	 
	 
	 	 	 	 
	ARTICLE VI COVENANTS
	 	 	58	 
	6.1 Financial Reporting
	 	 	58	 
	6.2 Use of Proceeds
	 	 	60	 
	6.3 Notice of Default
	 	 	60	 
	6.4 Conduct of Business; Books and Records
	 	 	60	 
	6.5 Taxes
	 	 	60	 
	6.6 Insurance
	 	 	61	 
	6.7 Compliance with Laws
	 	 	61	 
	6.8 Maintenance of Properties
	 	 	61	 
	6.9 Inspection
	 	 	61	 
	6.10 Dividends; Publicly Traded Capital Stock
	 	 	61	 
	6.11 Indebtedness
	 	 	62	 
	6.12 Merger
	 	 	63	 
	6.13 Sale of Assets
	 	 	64	 
	6.14 Investments and Acquisitions
	 	 	64	 
	6.15 Liens
	 	 	66	 
	6.16 Affiliates
	 	 	67	 
	6.17 Prepayment of Other Indebtedness
	 	 	67	 
	6.18 Sale of Accounts
	 	 	67	 
	6.19 Contingent Obligations
	 	 	67	 
	6.20 Letters of Credit
	 	 	68	 
	6.21 Financial Contracts
	 	 	69	 
	6.22 Financial Covenants
	 	 	69	 
	6.23 Subsidiaries
	 	 	69	 
	6.24 Acquisitions
	 	 	70	 
	6.25 Limitation on Leases
	 	 	70	 
	6.26 Name, Fiscal Year and Accounting Method
	 	 	70	 
	6.27 Agreements Restricting Liens and Distributions
	 	 	70	 
	6.28 Post-Closing Requirements
	 	 	71	 
	6.29 Further Assurances
	 	 	71	 
	6.30 Excluded SPV
	 	 	72	 

- iii -

 

	 	 	 	 	 
	6.31 Mortgages
	 	 	72	 
	6.32 Landlord Agreement; Deposit Account Control Agreements; Receivables
	 	 	73	 
	 
	 	 	 	 
	ARTICLE VII DEFAULTS
	 	 	73	 
	 
	 	 	 	 
	ARTICLE VIII ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES
	 	 	76	 
	8.1 Acceleration; Facility LC Collateral Account
	 	 	76	 
	8.2 Amendments
	 	 	78	 
	8.3 Preservation of Rights
	 	 	79	 
	 
	 	 	 	 
	ARTICLE IX GENERAL PROVISIONS
	 	 	79	 
	9.1 Survival of Representations
	 	 	79	 
	9.2 Governmental Regulation
	 	 	79	 
	9.3 Headings
	 	 	79	 
	9.4 Entire Agreement
	 	 	79	 
	9.5 Several Obligations; Benefits of this Agreement
	 	 	79	 
	9.6 Expenses; Indemnification
	 	 	80	 
	9.7 Accounting
	 	 	81	 
	9.8 Severability of Provisions
	 	 	81	 
	9.9 Nonliability of Lenders
	 	 	81	 
	9.10 Confidentiality
	 	 	82	 
	9.11 Nonreliance
	 	 	82	 
	9.12 Disclosure
	 	 	82	 
	9.13 Interest
	 	 	82	 
	9.14 Excess Share Certificates
	 	 	83	 
	9.15 Survival of Prior Agreements
	 	 	83	 
	 
	 	 	 	 
	ARTICLE X THE AGENT
	 	 	84	 
	10.1 Appointment; Nature of Relationship
	 	 	84	 
	10.2 Powers
	 	 	84	 
	10.3 General Immunity
	 	 	84	 
	10.4 No Responsibility for Loans, Recitals, etc.
	 	 	84	 
	10.5 Action on Instructions of Lenders
	 	 	85	 
	10.6 Employment of Agents and Counsel
	 	 	85	 
	10.7 Reliance on Documents; Counsel
	 	 	85	 

- iv -

 

	 	 	 	 	 
	10.8 Agent’s Reimbursement and Indemnification
	 	 	85	 
	10.9 Notice of Default
	 	 	86	 
	10.10 Rights as a Lender
	 	 	86	 
	10.11 Lender Credit Decision
	 	 	86	 
	10.12 Successor Agent
	 	 	86	 
	10.13 Agent’s Fee
	 	 	87	 
	10.14 Delegation to Affiliates
	 	 	87	 
	10.15 Execution of Collateral Documents
	 	 	87	 
	10.16 Collateral Releases
	 	 	88	 
	 
	 	 	 	 
	ARTICLE XI SETOFF; RATABLE PAYMENTS
	 	 	88	 
	11.1 Setoff
	 	 	88	 
	11.2 Ratable Payments
	 	 	88	 
	 
	 	 	 	 
	ARTICLE XII BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS
	 	 	89	 
	12.1 Successors and Assigns
	 	 	89	 
	12.2 Participations
	 	 	89	 
	12.3 Assignments
	 	 	90	 
	12.4 Dissemination of Information
	 	 	92	 
	12.5 Tax Treatment
	 	 	92	 
	 
	 	 	 	 
	ARTICLE XIII NOTICES
	 	 	92	 
	13.1 Notices
	 	 	92	 
	13.2 Change of Address
	 	 	92	 
	 
	 	 	 	 
	ARTICLE XIV COUNTERPARTS
	 	 	93	 
	 
	 	 	 	 
	ARTICLE XV CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL; ETC
	 	 	93	 
	15.1 CHOICE OF LAW
	 	 	93	 
	15.2 CONSENT TO JURISDICTION
	 	 	93	 
	15.3 WAIVER OF JURY TRIAL
	 	 	94	 
	15.4 Judgment Currency
	 	 	94	 
	15.5 USA PATRIOT Act
	 	 	94	 
	15.6 Waiver of Immunity
	 	 	94	 
	15.7 Delivery of Lender Addendum
	 	 	95	 
	15.8 Separateness of Excluded SPV
	 	 	95	 

- v -

 

	 	 	 
	PRICING SCHEDULE
	 	 
	 
	 	 
	ANNEX I

	 	LENDERS
	EXHIBIT 2.13(d)

	 	NOTE
	EXHIBIT 6.1(d)

	 	COMPLIANCE CERTIFICATE
	EXHIBIT 6.1(l)

	 	BACKLOG REPORT
	EXHIBIT 12.3.1

	 	ASSIGNMENT AGREEMENT
	 
	 	 
	SCHEDULE 2.19

	 	EXISTING FACILITY LCS
	SCHEDULE 5.7

	 	LITIGATION AND CONTINGENT OBLIGATIONS
	SCHEDULE 5.8

	 	SUBSIDIARIES
	SCHEDULE 5.12

	 	MATERIAL AGREEMENTS
	SCHEDULE 5.14

	 	OWNERSHIP OF PROPERTIES; ENCUMBRANCES
	SCHEDULE 5.23

	 	BOND OBLIGATIONS
	SCHEDULE 6.11(b)

	 	INDEBTEDNESS AND LIENS
	SCHEDULE 6.14(b)

	 	SUBSIDIARIES AND OTHER INVESTMENTS
	SCHEDULE 6.15(c)

	 	EXISTING LIENS
	SCHEDULE 6.19(d)

	 	CONTINGENT OBLIGATIONS
	SCHEDULE 6.28

	 	POST-CLOSING ITEMS
	SCHEDULE 6.31

	 	PERMITTED MORTGAGE EXTENSIONS

- vi -

 

CREDIT AGREEMENT

     This Amended and Restated Credit Agreement, dated as of September 24, 2009 (the
“Restatement Effective Date”), is entered into by and among THE SHAW GROUP INC., a
Louisiana corporation (the “Borrower”), the Subsidiaries of the Borrower listed on the
signature pages hereto as Guarantors (together with each other Person who subsequently becomes a
Guarantor, collectively the “Guarantors”) and BNP PARIBAS, as administrative agent for the
Lenders as defined below (in such capacity together with any other Person who becomes the agent,
the “Agent”).

     WHEREAS, the Borrower, the Lenders and BNP Paribas, as administrative agent and as a Lender,
and other parties, entered into a Credit Agreement dated as of April 25, 2005 (the Credit Agreement
as heretofore amended, modified, supplemented and in effect immediately before giving effect to the
amendment and restatement thereof contemplated hereby being referred to as the “Existing
Facility”).

     WHEREAS, the Borrower has requested and the requisite Lenders have consented to the amendment
and restatement of the Existing Facility as set forth below.

     NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto
hereby agree that the Existing Facility shall, upon the satisfaction of the conditions precedent
specified in Section 4.1, but effective as of the Restatement Effective Date, be amended
and restated to read as follows:

ARTICLE I

DEFINITIONS

     As used in this Agreement:

     “2010 Lender” means any Lender in its capacity as having a Commitment that is
scheduled to terminate on the 2010 Termination Date.

     “2011 Lender” means any Lender in its capacity as having a Commitment that is
scheduled to terminate on the 2011 Termination Date.

     “2012 Lender” means any Lender in its capacity as having a Commitment that is
scheduled to terminate on the 2012 Termination Date.

     “2010 Termination Date” means April 25, 2010.

     “2011 Termination Date” means April 25, 2011.

     “2012 Termination Date” means October 25, 2012.

     “Acceptable Security Interest” means a security interest which (i) exists in favor of
the Agent for its benefit and the ratable benefit of the Lenders, (ii) is superior to all Liens or
rights of any other Person in the Property encumbered thereby, other than Liens permitted by
Section 6.15, (iii) secures the Obligations and (iv) is perfected and enforceable.

 

 

     “Accounts” has the meaning stated in the New York Uniform Commercial Code in effect
from time to time.

     “Acquisition” means any transaction, or any series of related transactions,
consummated on or after the Original Effective Date, by which the Borrower or any of its
Subsidiaries (i) acquires from a third party that is not a Subsidiary any going concern business or
all or substantially all of the assets of any Person that is not a Subsidiary, or division thereof,
whether through purchase of assets, merger or otherwise or (ii) directly or indirectly acquires
from a third party that is not a Subsidiary (in one transaction or as the most recent transaction
in a series of transactions) at least a majority (in number of votes) of the securities of a
corporation that is not a Subsidiary which have ordinary voting power for the election of directors
(other than securities having such power only by reason of the happening of a contingency) or a
majority (by percentage or voting power) of the outstanding ownership interests of a Person other
than a corporation that is not a Subsidiary.

     “Advance” means a borrowing hereunder, (i) in respect of any Loan other than a Swing
Line Loan, (x) made by the Lenders on the same Borrowing Date, or (y) converted or continued by the
Lenders on the same date of conversion or continuation, consisting, in either case, of the
aggregate amount of the several Loans of the same Type and, in the case of Eurodollar Loans, for
the same Interest Period, and (ii) in respect of a Swing Line Loan, a borrowing made by the Swing
Line Lender.

     “Affected Lender” is defined in Section 2.20.

     “Affiliate” of any Person means any other Person directly or indirectly controlling,
controlled by or under common control with such Person. A Person shall be deemed to control
another Person if the controlling Person owns 10% or more of any class of voting securities (or
other ownership interests) of the controlled Person or possesses, directly or indirectly, the power
to direct or cause the direction of the management or policies of the controlled Person, whether
through ownership of stock, by contract or otherwise.

     “Agent” has the meaning given in the recital of parties hereto.

     “Aggregate Commitment” means $1,214,000,000, as reduced or increased from time to time
pursuant to the terms hereof.

     “Aggregate Facility LC Commitment” means $1,214,000,000, as reduced or increased from
time to time pursuant to the terms hereof.

     “Aggregate Outstanding Credit Exposure” means, at any time, the aggregate of the
Outstanding Credit Exposure of all the Lenders (including the Swing Line Lender).

     “Agreed Currencies” means (i) Dollars, (ii) so long as such currencies remain Eligible
Currencies, Australian Dollars, British Pounds Sterling, Canadian Dollars and Euros, (iii) India
Rupees, Qatar Riyals, Hong Kong Dollars, Malaysian Ringgit, Rial Omani, New Taiwan Dollars, UAE
Dirham, Algerian Dinar, Nigerian Naira, Mexican New Peso, Japanese Yen, Bahraini

- 2 -

 

Dinar, Venezuelan Bolivar, Saudi Arabian Riyals, Singapore Dollars and Thai Baht (a) only so
long as such currency remains an Eligible Currency and (b) only for purposes of a Facility LC which
supports an Existing Facility LC that was issued in such currency, and (iv) any other Eligible
Currency which the Borrower requests the Agent to include as an Agreed Currency hereunder and which
is acceptable to all of the Lenders. For the purposes of this definition, each of the specific
currencies referred to in clauses (ii) and (iii), above, shall mean and be deemed to refer to the
lawful currency of the jurisdiction referred to in connection with such currency, e.g., “Australian
Dollars” means the lawful currency of Australia. Notwithstanding anything to the contrary, no
Issuer shall be required to issue a Facility LC hereunder in any currency other than Dollars,
British Pounds Sterling or Euros unless such Issuer customarily issues other letters of credit in
such currency in the ordinary course of business.

     “Agreement” means this Credit Agreement, as it may be renewed, extended, amended,
restated or modified and in effect from time to time.

     “Agreement Accounting Principles” means United States generally accepted accounting
principles as in effect from time to time, applied in a manner consistent with that used in
preparing the financial statements referred to in Section 5.4.

     “Alternate Base Rate” means, for any day, a rate of interest per annum equal to the
higher of (i) the Corporate Base Rate for such day and (ii) the sum of the Federal Funds Effective
Rate for such day plus 1/2% per annum.

     “Applicable Fee Rate” means, at any time, the percentage rate per annum at which
commitment fees are accruing on the unused portion of the Aggregate Commitment (excluding the Swing
Line Commitment) at such time as set forth in the Pricing Schedule.

     “Applicable LC Fee Rate” means, at any time, the percentage rate per annum for LC Fees
at such time as set forth in the Pricing Schedule.

     “Applicable Margin” means, with respect to Advances of any Type at any time, the
percentage rate per annum which is applicable at such time with respect to Advances of such Type as
set forth in the Pricing Schedule.

     “Article” means an article of this Agreement unless another document is specifically
referenced.

     “Authorized Officer” of any Person, means any of the President, Chairman of the Board,
Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, Senior Vice President,
Executive Vice President, Treasurer, Assistant Treasurer, Vice President, Secretary or Assistant
Secretary of such Person.

     “BNPP” means BNP Paribas, in its individual capacity, and its successors and assigns.

     “BNPPSC” means BNP Paribas Securities Corp., as joint lead arranger and sole book
runner.

     “Borrower” has the meaning given in the recital of parties hereto.

- 3 -

 

     “Borrowing Date” means a date on which a Credit Extension is made hereunder.

     “Borrowing Notice” is defined in Section 2.8.

     “Business Day” means a day (other than a Saturday or Sunday) on which banks generally
are open in New York, New York for the conduct of substantially all of their commercial lending
activities and on which dealings in Dollars are carried on in the London interbank market.

     “Calculation Period” means a four quarter period ending on the date of the Borrower’s
fiscal quarter end or fiscal year end for which the relevant calculation is being made.

     “Capital Expenditures” means, without duplication, any expenditures for any purchase
or other acquisition of any asset which would be classified as a fixed or capital asset on a
consolidated balance sheet of the Consolidated Group prepared in accordance with Agreement
Accounting Principles.

     “Capitalized Lease” of a Person means any lease of Property by such Person as lessee
which would be capitalized on a balance sheet of such Person prepared in accordance with Agreement
Accounting Principles.

     “Capitalized Lease Obligations” of a Person means the amount of the obligations of
such Person under Capitalized Leases which would be shown as a liability on a balance sheet of such
Person prepared in accordance with Agreement Accounting Principles.

     “Capital Stock” means any and all shares, interests, participations or other
equivalents (however designated) of capital stock of a corporation, including, without limitation,
any preferred stock of a corporation, any and all equivalent ownership interests in a Person (other
than a corporation) and any and all warrants or options to purchase any of the foregoing.

     “Cash Equivalent Investments” means (i) short-term obligations of, or fully guaranteed
by, the United States of America, (ii) commercial paper rated A-1 or better by S&P or P-1 or better
by Moody’s, (iii) demand deposit accounts maintained in the ordinary course of business,
(iv) certificates of deposit issued by and time deposits with commercial banks (whether domestic or
foreign) having capital and surplus in excess of $100,000,000, (v) investments in Eurodollars
issued by any bank or trust company having capital, surplus and undivided profits aggregating at
least $100,000,000 and whose long term certificates of deposit are, at the time of acquisition
thereof by Borrower or any Subsidiary, rated A-1 or better by S&P or P-1 or better by Moody’s, and
(vi) investments by Foreign Subsidiaries in short term investments, in connection with the cash
management programs of such Foreign Subsidiaries, provided that such investments in excess of
$10,000,000 in the aggregate shall be with funds held by institutions rated A (or Am) or better by
S&P or A2 (or its equivalent) or better by Moody’s or otherwise acceptable to the Agent and
Required Lenders; provided further in each case of clauses (i) through (vi) above, that the same
provides for payment of both principal and interest (and not principal alone or interest alone) and
is not subject to any contingency regarding the payment of principal or interest.

     “Change” has the meaning specified in Section 3.2.

- 4 -

 

     “Change in Control” means an event or series of events by which (i) any “person” (as
such term is used in Section 13(d) and 14(d) of the Exchange Act), or related persons constituting
a “group” (as such term is used in Rule 13d-5 under the Exchange Act) is or becomes or has the
absolute, unconditional right to become the “beneficial owner” (as defined in Rules 13d-3 and 13d-5
under the Exchange Act), directly or indirectly, of 25% or more of the total voting power of the
voting stock of the Borrower; (ii) the Borrower consolidates with or merges into another Person or
conveys, transfers or leases all or substantially all of its assets to any Person, or any Person
consolidates with, or merges into, the Borrower in a transaction not otherwise permitted hereunder;
(iii) the Borrower conveys, transfers or leases all or substantially all of its assets to any
Person; (iv) the stockholders of the Borrower approve any plan of liquidation or dissolution of the
Borrower; or (v) during any period of twelve consecutive months, individuals who, at the beginning
of such period, constituted the board of directors of the Borrower (together with any new director
whose election by the Borrower’s board of directors or whose nomination for election by the
Borrower’s stockholders was approved by a vote of at least a majority of the directors then still
in office who either were directors at the beginning of such period or whose election or nomination
for election was previously so approved) cease for any reason (other than due to death or
disability) to constitute a majority of the board of directors of the Borrower then in office.

     “Class”, when used in reference to any subset of Lenders, refers to whether such
subset consists of 2010 Lenders, 2011 Lenders or 2012 Lenders, in each case as the context
requires.

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

     “Collateral” means Accounts, Equipment, Inventory, Fixtures, General Intangibles, and
the Mortgaged Property including, without limitation, intellectual property and contracts, stock
and all other items described as collateral in any of the Collateral Documents, including without
limitation, all deposit accounts, plus all proceeds thereof; provided, however that Collateral
shall not include (a) Permitted Cash Collateral, (b) deposits to secure the performance of bids,
trade contracts, leases, statutory obligations, surety and appeal bonds and performance bonds and
(c) escrow deposits or accounts, project specific deposit accounts or other deposit relationships
established by contract with the Borrower’s customers, in each case referred to in the preceding
clauses (b) and (c) maintained in the ordinary course of business for the purpose
of facilitating disbursements or surety coverage with respect to a specific project.

     “Collateral Documents” means, collectively, any and all documents executed as security
for the Obligations, as the same may be amended, including without limitation the following
documents: (i) the Security Agreement, (ii) the Guaranty, (iii) Uniform Commercial Code financing
statements relating to the above described security and pledge agreements, (iv) stock powers
executed in blank by the Borrower and any Guarantor, as applicable, relating to the shares of stock
of its Subsidiaries pledged by the above described security and pledge agreements, and (v) stock
certificates for all of Borrowers’ and its Subsidiaries’ shares of stock pledged by the above
described security and pledge agreements.

     “Collateral Release” has the meaning specified in Section 10.15(b).

- 5 -

 

     “Collateral Release Event” means the achievement by the Borrower of a corporate credit
rating of at least BBB- from S&P and Baa3 from Moody’s.

     “Collateral Shortfall Amount” has the meaning specified in Section 8.1.

     “Commitment” means, for each Lender, the Revolving Credit Commitment and the Facility
LC Commitment for such Lender.

     “Computation Date” is defined in Section 2.19.13.

     “Confidential Information Memorandum” means the informational materials furnished by
Borrower to the Lenders on August 26, 2009 in connection with the syndication of the Commitments
made under this Agreement (together with all amendments, supplements and subsequent updates
thereto).

     “Consolidated Group” means the Borrower, its Subsidiaries and all other Persons (other
than the Excluded SPV) treated as if they were Subsidiaries of the Borrower for purposes of
preparing consolidated financial statements of the Borrower in accordance with Agreement Accounting
Principles, including those Persons required to be consolidated by reason of FIN 46.

     “Consolidated Interest Expense” means, with reference to any period, the actual
interest expense of the Consolidated Group calculated on a consolidated basis.

     “Consolidated Net Income” means, with reference to any period, the net income (or
loss) of the Consolidated Group calculated according to Agreement Accounting Principles on a
consolidated basis for such period, excluding any such net income attributable to any Investment in
any Person (including the Excluded SPV) that is not a Subsidiary except to the extent of cash
distributions from such Person (including the Excluded SPV) to the Borrower or its Subsidiaries.

     “Consolidated Net Worth” means at any time the consolidated stockholders’ equity of
the Consolidated Group calculated on a consolidated basis as of such time plus any preferred stock
of the Consolidated Group to the extent it has not been redeemed for Indebtedness, as determined in
accordance with Agreement Accounting Principles.

     “Consolidated Tangible Net Worth” means at any time Consolidated Net Worth at such
time minus goodwill of the Consolidated Group calculated on a consolidated basis as of such time,
as determined in accordance with Agreement Accounting Principles.

     “Consolidated Total Indebtedness” means at any time, all Indebtedness, and all
Contingent Obligations, without duplication, that are interest bearing or to which interest is
attributable or to which interest accrues, including guarantees and Financial Letters of Credit, of
the Consolidated Group calculated on a consolidated basis as of such time.

     “Contingent Obligation” of a Person means any agreement, undertaking or arrangement by
which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds
for the payment of, or otherwise becomes or is contingently liable upon, the obligation or
liability of any other Person, or agrees to maintain the net worth or working capital or other
financial condition of any other Person, or otherwise assures any creditor of such other Person

- 6 -

 

against loss, including, without limitation, any limited recourse or recourse note or other
obligation, comfort letter (other than a comfort letter that does not evidence Indebtedness or any
payment obligation), operating agreement, take-or-pay contract or the obligations of any such
Person as general partner of a partnership with respect to the liabilities of the partnership, but
excluding contingent liabilities in respect of Performance Letters of Credit.

     “Controlled Group” means all members of a controlled group of corporations or other
business entities and all trades or businesses (whether or not incorporated) under common control
which, together with the Borrower or any of its Subsidiaries, are treated as a single employer
under Section 414 of the Code.

     “Conversion/Continuation Notice” has the meaning specified in Section 2.9.

     “Corporate Base Rate” means the rate of interest established by BNP Paribas as its
“base rate,” with each change in such rate to be effective for purposes of this Agreement and the
transactions contemplated hereby without necessity of any action on the part of any Person, on the
day on which such change is effective, it being understood that such rate does not and shall not
necessarily reflect the best or lowest rate of interest available to BNP Paribas’ best or preferred
commercial customers. Such rate is a rate set by BNP Paribas based upon various factors including
BNP Paribas’ costs and desired return, general economic conditions and other factors, and is used
as a reference point for pricing some loans, which may be priced at, above, or below such announced
rate.

     “Costs in Excess of Billings” means all costs and estimated earnings in excess of
billings on uncompleted contracts (excluding any that is the subject of a disputed contract where
the total disputed amount receivable by the Consolidated Group thereunder exceeds $25,000,000, but
then excluding only the amount of such receivable that exceeds $25,000,000) subject to an
Acceptable Security Interest and otherwise reasonably acceptable to the Agent. For purposes of
determining Costs in Excess of Billings, it shall be assumed that all Costs in Excess of Billings
of the Borrower or any other Person in the Consolidated Group and shown on the consolidated balance
sheet of the Borrower for the applicable period is subject to an Acceptable Security Interest
unless and until the Agent notifies the Borrower to the contrary. For purposes hereof, “disputed
contract” means any contract in which a party to a contract has invoked its rights under any
dispute resolution clause of such contract.

     “Credit Extension” means the making of an Advance or the issuance, extension, renewal
or increase in the amount of a Facility LC hereunder.

     “Credit Extension Date” means the Borrowing Date for an Advance or the issuance date
for a Facility LC.

     “Debt Incurrence” means any issuance by the Borrower or any of its Subsidiaries of any
Indebtedness after the Original Effective Date other than Indebtedness permitted under
Section 6.11.

     “Debt Incurrence Proceeds” means, with respect to any Debt Incurrence, all cash and
Cash Equivalent Investments received by the Borrower or any of its Subsidiaries from such Debt
Incurrence after payment of, or provision for, all underwriter fees and expenses, SEC and blue

- 7 -

 

sky fees, printing costs, fees and expenses of accountants, lawyers and other professional
advisors, brokerage commissions and other out-of-pocket fees and expenses actually incurred in
connection with such Debt Incurrence.

     “Debt Service Coverage Ratio” means, for any Calculation Period, the ratio of (a)
(1) Shaw EBITDA for such Calculation Period less (2) Non-Financed Capital Expenditures for such
Calculation Period; to (b) the sum for such Calculation Period of (i) Consolidated Interest Expense
excluding any amortization of financing fees, amortization of discounts and other interest expenses
not paid in cash, (ii) mandatory scheduled principal payments on any Indebtedness (other than
principal due upon any Facility Termination Date) and (iii) any reimbursement payments made in
respect of disbursements under the Excluded SPV Letters of Credit (but without double-counting of
any such payments and amounts referred to in either of the preceding clauses (i) and (ii)).

     “Default” means an event described in Article VII.

     “Defaulting Lender” means any Lender, as determined by the Agent, that has (a) failed
to fund any portion of its Loans or participations in Facility LCs or Swing Line Loans within three
Business Days of the date required to be funded by it hereunder, (b) notified the Borrower, the
Agent, any Issuer, the Swing Line Lender or any Lender in writing that it does not intend to comply
with any of its funding obligations under this Agreement, (c) made a public statement to the effect
that it does not intend to comply with its funding obligations under this Agreement or under other
agreements in which it commits to extend credit, (d) failed, within three Business Days after
request by the Agent, to confirm that it will comply with the terms of this Agreement relating to
its obligations to fund prospective Loans and participations in then outstanding Facility LCs or
Swing Line Loans, (e) otherwise failed to pay over to the Agent, any Issuer, the Swing Line Lender
or any other Lender any other amount required to be paid by it hereunder within three Business Days
of the date when due, unless the subject of a good faith dispute, or (f) (i) become or is insolvent
or has a parent company that has become or is insolvent or (ii) become the subject of a bankruptcy
or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, assignee for
the benefit of creditors or similar Person charged with reorganization or liquidation of its
business or custodian, appointed for it, or has taken any action in furtherance of, or indicating
its consent to, approval of or acquiescence in any such proceeding or appointment or has a parent
company that has become the subject of a bankruptcy or insolvency proceeding, or has had a
receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar
Person charged with reorganization or liquidation of its business or custodian appointed for it, or
has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence
in any such proceeding or appointment.

     “Dollar Amount” of any currency at any date shall mean (i) the amount of such currency
if such currency is Dollars or (ii) the equivalent in Dollars of any amount of such currency if
such currency is any currency other than Dollars, calculated on the basis of the arithmetical mean
of the buy and sell spot rates of exchange of the Agent for such currency on the London market at
11:00 a.m., London time, on or as of the most recent Computation Date provided for in
Section 2.19.13.

     “Dollars” and “$” means the lawful currency of the United States of America.

- 8 -

 

     “Domestic Subsidiary” means any Subsidiary of Borrower that is formed under the laws
of the United States of America or any state.

     “EBITDA” means, for any Person for any period, the Consolidated Net Income of such
Person for that period plus, to the extent deducted from revenues in determining Consolidated Net
Income, without duplication (i) Consolidated Interest Expense, (ii) expense for taxes paid or
accrued, (iii) depreciation, (iv) amortization, (v) other non-cash losses, charges and expenses for
such period to the extent that such charges do not represent cash disbursements during such
applicable period, including, without limitation, any amortization of financing fees,
(vi) non-recurring cash charges related to the Transactions, (vii) minority interest,
(viii) non-cash charges arising in connection with capital stock based compensation paid by the
Borrower, (ix) minus, to the extent included in Consolidated Net Income, non-cash gains, all
calculated for such Person on a consolidated basis. Notwithstanding the foregoing, in calculating
EBITDA, EBITDA shall be increased by divestiture and restructuring charges for the fiscal year
ending August 31, 2005 in an amount not to exceed $12,000,000 in the aggregate.

     “Eligible Currency” means any currency other than Dollars (i) that is readily
available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in
the London interbank market, (iv) which is convertible into Dollars in the international interbank
market and (v) as to which an Equivalent Amount may be readily calculated. If, after the
designation by the Lenders of any currency as an Agreed Currency, (x) currency control or other
exchange regulations are imposed in the country in which such currency is issued with the result
that different types of such currency are introduced, (y) such currency is, in the determination of
the Agent, no longer readily available or freely traded or (z) in the determination of the Agent,
an Equivalent Amount of such currency is not readily calculable, the Agent shall promptly notify
the Lenders and the Borrower, and such currency shall no longer be an Agreed Currency until such
time as all of the Lenders agree to reinstate such currency as an Agreed Currency.

     “Employee Tax Remittance” means the remittance by the Borrower, on behalf of employees
of the Borrower and its Subsidiaries, of federal and state income taxes and payroll taxes on the
transfer or vesting of compensation awards to such employees based upon the stock of the Borrower,
in exchange for the conveyance to or withholding by the Borrower of a portion of such employees’
stock in the Borrower, the amount of such remittance to be not greater than the value of the stock
of the Borrower so conveyed to or withheld by the Borrower.

     “Environmental Laws” means any and all federal, state, local and foreign statutes,
laws, judicial decisions, regulations, ordinances, rules, judgments, orders, decrees, plans,
injunctions, permits, concessions, grants, franchises, licenses, agreements and other governmental
restrictions relating to (i) the protection of the environment, (ii) the effect of the environment
on human health, (iii) emissions, discharges or releases of pollutants, contaminants, hazardous
substances or wastes into surface water, ground water or land, or (iv) the manufacture, processing,
distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants,
hazardous substances or wastes or the clean-up or other remediation thereof.

     “Equipment” has the meaning stated in the New York Uniform Commercial Code in effect
from time to time.

- 9 -

 

     “Equity Issuance” means any issuance of equity securities (including any preferred
equity securities) by the Borrower or any of its Subsidiaries other than equity securities issued
(i) to the Borrower or one of its Subsidiaries, and (ii) pursuant to employee or director and
officer stock option plans in the ordinary course of business.

     “Equity Issuance Proceeds” means, with respect to any Equity Issuance, all cash and
Cash Equivalent Investments received by the Borrower or any of its Subsidiaries from such Equity
Issuance after payment of, or provision for, all underwriter fees and expenses, SEC and blue sky
fees, printing costs, fees and expenses of accountants, lawyers and other professional advisors,
brokerage commissions and other out-of-pocket fees and expenses actually incurred in connection
with such Equity Issuance.

     “Equivalent Amount” of any currency with respect to any amount of Dollars at any date
shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of
the arithmetical mean of the buy and sell spot rates of exchange of the Agent for such other
currency at 11:00 a.m., London time, on the date on or as of which such amount is to be determined.

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from
time to time, and any rule or regulation issued thereunder.

     “Eurodollar Advance” means an Advance which, except as otherwise provided in
Section 2.11, bears interest at the applicable Eurodollar Rate.

     “Eurodollar Loan” means a Loan which, except as otherwise provided in
Section 2.11, bears interest at the applicable Eurodollar Rate.

     “Eurodollar Rate” means, with respect to a Eurodollar Advance for the relevant
Interest Period, the sum of (i) the quotient of (A) the LIBOR applicable to such Interest Period,
divided by (B) one minus the Eurodollar Reserve Percentage applicable to such Interest Period,
plus (ii) the Applicable Margin; provided, that in no event shall the Eurodollar Rate
exceed the Highest Lawful Rate. The Eurodollar Rate shall be rounded to the next higher multiple
of 1/16 of 1% if the rate is not such a multiple.

     “Eurodollar Reserve Percentage” means for any Interest Period for Eurodollar Loans the
maximum reserve percentage (expressed as a decimal, rounded upward, if necessary, to the nearest
1/100th of one percent) as determined by the Agent in effect on the date the LIBOR for such
Interest Period is determined (whether or not applicable to any Lender) under regulations issued
from time to time by the Federal Reserve Board for determining the maximum reserve requirement
(including basic, emergency, supplemental and other marginal reserve requirements) with respect to
liabilities or assets consisting of or including Eurocurrency liabilities having a term equal to
such Interest Period. Each determination by the Agent of the Eurodollar Reserve Percentage shall
be conclusive and binding, absent manifest error.

     “Exchange Act” means the Securities Exchange Act of 1934, as in effect on the
Restatement Effective Date.

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     “Excluded SPV” means Nuclear Energy Holdings, L.L.C., a Delaware limited liability
company, which is a special purpose vehicle created for the sole purpose of making the Westinghouse
Investments and engaging in certain transactions related thereto.

     “Excluded SPV Letters of Credit” has the meaning specified in Section 6.30.

     “Excluded SPV Notes” has the meaning specified in Section 6.30.

     “Excluded Taxes” means, in the case of each Lender or applicable Lending Installation
and the Agent, taxes imposed on its overall net income, and franchise taxes imposed on it, by
(i) the jurisdiction under the laws of which such Lender or the Agent is incorporated or organized
or (ii) the jurisdiction in which the Agent’s or such Lender’s principal executive office or such
Lender’s applicable Lending Installation is located.

     “Exhibit” refers to an exhibit to this Agreement, unless another document is
specifically referenced.

     “Existing Facility” has the meaning specified in the recitals hereto.

     “Existing Facility LCs” means, collectively, the Letters of Credit listed on
Schedule 2.19.

     “Facility LC” has the meaning specified in Section 2.19.1.

     “Facility LC Application” has the meaning specified in Section 2.19.3.

     “Facility LC Collateral Account” has the meaning specified in Section 2.19.11.

     “Facility LC Commitment” means the commitment of each Lender to participate in
Facility LCs issued by an Issuer in the amount not exceeding that set forth opposite its signature
below or on its Lender Addendum or as set forth in any assignment executed pursuant to
Section 12.3.1, as modified from time to time pursuant to the terms hereof. In the case of
any Lender that executes and delivers a Lender Addendum, the amount of its Facility LC Commitment
as set forth therein shall supersede the amount of its Facility LC Commitment theretofore in
effect.

     “Facility Termination Date” means (a) in the case of each 2010 Lender, the 2010
Termination Date, (b) in the case of each 2011 Lender, the 2011 Termination Date and (c) in the
case of each 2012 Lender, the 2012 Termination Date; or, in each of the cases referred to in the
preceding clauses (a), (b) and (c), any earlier date on which the Aggregate Commitment is reduced
to zero or otherwise terminated pursuant to the terms hereof.

     “Federal Funds Effective Rate” means, for any day, an interest rate per annum equal to
the weighted average of the rates on overnight Federal funds transactions with members of the
Federal Reserve System arranged by Federal funds brokers on such day, as published for such day
(or, if such day is not a Business Day, for the immediately preceding Business Day) by the Federal
Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day,
the average of the quotations at approximately 11:00 a.m. New York, New York

- 11 -

 

time on such day on such transactions received by the Agent from three Federal funds brokers
of recognized standing selected by the Agent in its sole discretion.

     “Fee Letter” means that certain letter agreement dated August 11, 2009 among the
Borrower, the Agent and BNPPSC which sets forth the fees to be paid to the Agent and BNPPSC.

     “FIN 46” means Financial Accounting Series Interpretation Number (FIN) 46,
“Consolidation of Variable Interest Entities,” as amended from time to time.

     “Financial Contract” of a Person means (i) any exchange-traded or over-the-counter
futures, forward, swap or option contract or other financial instrument with similar
characteristics, (ii) any agreements, devices or arrangements providing for payments related to
fluctuations of interest rates, exchange rates, forward rates or commodity prices, including, but
not limited to, interest rate swap or exchange agreements, forward currency exchange agreements,
interest rate cap or collar protection agreements, forward rate currency or interest rate options,
puts or warrants or (iii) any other similar contract.

     “Financial LC Obligation” means, at any time, the sum, without duplication, of (i) the
aggregate undrawn stated amount under all Financial Letters of Credit outstanding at such time,
plus (ii) the aggregate unpaid amount at such time of all Financial Reimbursement
Obligations.

     “Financial Letter of Credit” means a Letter of Credit qualifying as a “financial
guarantee-type letter of credit” under 12 CFR Part 3, Appendix A, Section 3(b)(1)(i) or any
successor U.S. Comptroller of the Currency regulation and issued by an Issuer under the terms of
this Agreement.

     “Financial Reimbursement Obligations” means, at any time, the aggregate of all
obligations of the Borrower then outstanding under Section 2.19 to reimburse an Issuer for
amounts paid by such Issuer in respect of any one or more drawings under Financial Letters of
Credit.

     “Fixtures” has the meaning stated in the New York Uniform Commercial Code in effect
from time to time.

     “Floating Rate” means, for any day, a rate per annum equal to (i) the Alternate Base
Rate for such day plus (ii) the Applicable Margin, in each case changing when and as the
Alternate Base Rate or the Applicable Margin changes; provided, that in no event shall the Floating
Rate exceed the Highest Lawful Rate.

     “Floating Rate Advance” means an Advance which, except as otherwise provided in
Section 2.11, bears interest at the Floating Rate.

     “Floating Rate Loan” means a Loan which, except as otherwise provided in
Section 2.11, bears interest at the Floating Rate.

     “Foreign Subsidiary” means any Subsidiary of Borrower that is organized under the laws
of any jurisdiction other than the United States of America or a state thereof.

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     “Fronting Fee” is defined in Section 2.19.4.

     “General Intangibles” has the meaning stated in the New York Uniform Commercial Code
in effect from time to time including, without limitation, all Costs in Excess of Billings, all
contract rights, rights to receive payments of money, chooses in action, causes of action,
judgments, tax refunds and tax refund claims, patents, trademarks, trade names, copyrights,
licenses, franchises, computer programs, software, goodwill, customer and supplier contracts,
interests in general or limited partnerships, joint ventures or limited liability companies,
reversionary interests in pension and profit sharing plans and reversionary, beneficial and
residual interests in trusts, leasehold interests in real or personal property, rights to receive
rentals of real or personal property and guarantee and indemnity claims.

     “Guarantors” means collectively all of the Borrower’s Domestic Subsidiaries that are
Material Subsidiaries as of the Restatement Effective Date and any other Domestic Subsidiary of
Borrower that shall become a guarantor hereunder pursuant to Section 6.23.

     “Guaranty” means that certain Guaranty dated as of the Original Effective Date
executed by the Guarantors in favor of the Agent, for the ratable benefit of the Lenders, and each
guaranty executed pursuant to Section 6.23 hereof, as each of such may be amended or
modified and in effect from time to time.

     “Highest Lawful Rate” means, with respect to each Lender, the maximum nonusurious
interest rate, if any, that at any time or from time to time may be contracted for, taken,
reserved, charged or received on the principal amount of the Obligations under laws applicable to
such Lender which are presently in effect or, to the extent allowed by law, under such applicable
laws which may hereafter be in effect and which allow a higher maximum nonusurious interest rate
than applicable laws now allow.

     “Indebtedness” of a Person means, without duplication, such Person’s (i) obligations
for borrowed money, (ii) obligations representing the deferred purchase price of Property or
services (other than accounts payable arising in the ordinary course of such Person’s business
payable on terms customary in the trade in the applicable jurisdiction), (iii) obligations, whether
or not assumed, secured by Liens or payable out of the proceeds or production from Property now or
hereafter owned or acquired by such Person, (iv) obligations which are evidenced by notes,
acceptances, or other instruments, (v) obligations of such Person to purchase or repurchase
securities, accounts or other Property arising out of or in connection with the sale of the same or
substantially similar securities or Property, (vi) Capitalized Lease Obligations, (vii) Off-Balance
Sheet Liabilities, (viii) Net Mark-to-Market Exposure under Financial Contracts, (ix) reimbursement
obligations in respect of Financial Letters of Credit (but excluding reimbursement obligations in
respect of Performance Letters of Credit) and (x) any other obligation for borrowed money which in
accordance with Agreement Accounting Principles would be shown as a liability on the consolidated
balance sheet of such Person.

     “Interest Period” means, with respect to a Eurodollar Advance, a period of one, two,
three or six months commencing on a Business Day selected by the Borrower pursuant to this
Agreement. Such Interest Period shall end on the day which corresponds numerically to such date
one, two, three or six months thereafter, provided, however, that if there is no such

- 13 -

 

numerically corresponding day in such next, second, third or sixth succeeding month, such
Interest Period shall end on the last Business Day of such next, second, third or sixth succeeding
month. If an Interest Period would otherwise end on a day which is not a Business Day, such
Interest Period shall end on the next succeeding Business Day, provided, however, that if said next
succeeding Business Day falls in a new calendar month, such Interest Period shall end on the
immediately preceding Business Day.

     “Inventory” has the meaning stated in the New York Uniform Commercial Code in effect
from time to time, including, without limitation, all goods held for sale or lease, or furnished or
to be furnished under contracts of service, or consumed in the applicable party’s business, raw
materials, intermediates, work in process, packaging materials, finished goods, semi-finished
inventory, scrap inventory, manufacturing supplies and spare parts (to the extent not covered by
purchase money liens of manufacturers), all such goods that have been returned to or repossessed by
or on behalf of the Borrower or a Guarantor, as applicable, and all such goods released to the
Borrower, a Guarantor or to third parties under trust receipts or similar documents.

     “Investment” of a Person means any loan, advance (other than commission, travel and
similar advances to officers and employees made in the ordinary course of business), extension of
credit (other than Accounts arising in the ordinary course of business on terms customary in the
trade in the applicable jurisdiction) or contribution of capital by such Person; stocks, bonds,
mutual funds, partnership interests, notes, debentures or other securities owned by such Person;
any deposit accounts and certificate of deposit owned by such Person; and structured notes,
derivative financial instruments and other similar instruments or contracts owned by such Person.

     “Issuer” means BNPP and any other Lender (or any subsidiary or affiliate designated by
or such Lender) that agrees to issue Letters of Credit hereunder, in each case in its capacity as
issuer of Facility LCs hereunder.

     “Issuer LC Agreement” means, with respect to each Issuer, a separate agreement between
such Issuer and the Borrower that is not inconsistent with the terms of this Agreement and that may
specify additional terms and conditions upon which such Issuer is prepared to issue Facility LCs
under this Agreement (including, without limitation, as to the applicable Fronting Fee and the
maximum aggregate amount of Facility LCs of such Issuer to be outstanding at any time).

     “LC Fee” is defined in Section 2.19.4.

     “LC Obligations” means, at any time, the sum, without duplication, of (i) the
aggregate undrawn stated amount of all Facility LCs outstanding at such time, plus (ii) the
aggregate unpaid amount at such time of all Reimbursement Obligations.

     “LC Payment Date” has the meaning specified in Section 2.19.5.

     “Legal Requirements” means any law, statute, code, ordinance, order, determination,
rule, regulation, judgment, decree, injunction, franchise, permit, certificate, license, rule of
common law, authorization or other directive or requirement, whether now or hereinafter in effect,
of any government or public body or authority, or any subdivision, instrumentality or agency
thereof.

- 14 -

 

     “Lenders” means the lending institutions listed on Annex I of this Agreement and their
respective successors and assigns and the lending institutions executing a Lender Addendum and
their respective successors and assigns; provided that (a) from and after the 2010 Termination
Date, upon the 2010 Lenders being paid all amounts owing to them under this Agreement, the 2010
Lenders shall no longer be Lenders and (b) from and after the 2011 Termination Date, upon the 2011
Lenders being paid all amounts owing to them under this Agreement, the 2011 Lenders shall no longer
be Lenders. In the event that any Person is more than one of a 2010 Lender, a 2011 Lender and a
2012 Lender, such Person shall be deemed to be a separate Lender hereunder in each such capacity.

     “Lender Addendum” means a Lender Addendum, substantially in the form of Exhibit 2.21,
pursuant to which an existing Lender at such time shall have increased its Commitments or a Person
shall have become a Lender and undertaken new Commitments at such time.

     “Lending Installation” means, with respect to a Lender or the Agent, the office,
branch, subsidiary or affiliate of such Lender or the Agent listed on the signature pages hereof or
on a Schedule or otherwise selected by such Lender or the Agent pursuant to Section 2.17.

     “Letter of Credit” of a Person means a letter of credit which is issued upon the
application of such Person or upon which such Person is an account party or for which such Person
is in any way liable.

     “Leverage Ratio” means, on any date, the ratio of Total Debt on such date to Shaw
EBITDA for the Calculation Period ending on or most recently ended prior to such date.

     “LIBOR” means for any Interest Period for Eurodollar Loans, the per annum rate of
interest determined by the Agent to be the arithmetic mean (rounded upward, if necessary, to the
nearest 1/100th of one percent) of the offered quotations appearing on Telerate Page 3750 (or if
such Telerate page shall not be available, any successor or similar service selected by the Agent).
If none of such Telerate Page 3750 or any successor or similar service is available, “LIBOR”
applicable to any Interest Period for Eurodollar Loans shall be the per annum rate (rounded upward,
if necessary, to the nearest 1/100th of one percent) determined by the Agent based upon rates
quoted at approximately 10:00 a.m. (London time) (or as soon thereafter as practicable) on the day
two Business Days prior to the first day of such Interest Period for the offering by the Agent to
leading dealers in the London interbank Dollar market of Dollar deposits for delivery on the first
day of such Interest Period, in immediately available funds and having a term comparable to such
Interest Period and in an amount comparable to the principal amount of the respective Eurodollar
Rate Loan to which such Interest Period relates. Each determination by the Agent of LIBOR shall be
conclusive and binding, absent manifest error.

     “Lien” means any lien (statutory or other), mortgage, pledge, hypothecation,
assignment, deposit arrangement, encumbrance or preference, priority or other security agreement or
preferential arrangement of any kind or nature whatsoever (including, without limitation, the
interest of a vendor or lessor under any conditional sale, Capitalized Lease or other title
retention agreement).

- 15 -

 

     “Loan” means, with respect to a Lender, such Lender’s loan made pursuant to
Article II (or any conversion or continuation thereof).

     “Loan Documents” means this Agreement, the Collateral Documents, the Facility LC
Applications, any Notes issued pursuant to Section 2.13, all documents required under
Article IV, and all other documents and instruments executed in connection with this
Agreement or the Obligations; provided, that upon the Collateral Release, the Collateral Documents
shall cease to be Loan Documents (but without limiting the effect of any provision of any
Collateral Document that is expressly stated to survive the termination of such Collateral
Document).

     “Material Adverse Effect” means a material adverse effect on (i) the business,
Property, condition (financial or otherwise), prospects or results of operations of the Borrower
and its Subsidiaries taken as a whole, (ii) the Transactions, (iii) the ability of the Borrower and
the Guarantors taken as a whole to perform their respective obligations under the Loan Documents to
which any of them is a party, or (iv) the validity or enforceability of any of the Loan Documents
or the rights or remedies of the Agent, an Issuer or the Lenders thereunder.

     “Material Indebtedness” has the meaning specified in Section 7.5.

     “Material Subsidiary” shall mean a Subsidiary of Borrower having: (i) assets of
$5,000,000 or more or (ii) annual operating cash flow of $1,000,000 or more.

     “Modify” and “Modification” have the meaning specified in
Section 2.19.1.

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

     “Mortgage” means each of the mortgages, deeds of trust, leasehold mortgages, leasehold
deeds of trust, collateral assignments of leases or other real estate security documents delivered
by the Borrower or any Subsidiary to the Agent with respect to the Mortgaged Property, all in form
and substance reasonably satisfactory to the Agent.

     “Mortgaged Property” shall mean all real properties owned or leased by the Borrower or
any of its Subsidiaries with a market value as defined in the S&P draft report dated July 31, 2003
in excess of $1,000,000, or if not shown on such report, then based on the original acquisition
cost.

     “Multiemployer Plan” means a Plan maintained pursuant to a collective bargaining
agreement or any other arrangement to which the Borrower or any member of the Controlled Group is a
party to which more than one employer is obligated to make contributions.

     “Net Cash Proceeds” means, with respect to any sale, transfer, assignment or other
disposition of Property (each, an “Asset Sale”) to a Person other than the Borrower or any
of its Subsidiaries, all cash and Cash Equivalent Investments received by the Borrower or any of
its Subsidiaries from such Asset Sale after payment of, or provision for, all taxes, commissions
and other reasonable out-of-pockets fees and expenses actually incurred in connection with, and
necessary for, any such Asset Sale.

- 16 -

 

     “Net Mark-to-Market Exposure” of a Person means, as of any date of determination, and
determined in accordance with Agreement Accounting Principles, the excess (if any) of all
unrealized losses over all unrealized profits of such Person arising from Financial Contracts.
“Unrealized losses” means the fair market value of the cost to such Person of replacing such
Financial Contract as of the date of determination (assuming the Financial Contract was to be
terminated as of that date), and “unrealized profits” means the fair market value of the gain to
such Person of replacing such Financial Contract as of the date of determination (assuming such
Financial Contract was to be terminated as of that date).

     “Non-Financed Capital Expenditures” means, without duplication, any Capital
Expenditures other than that portion of such Capital Expenditures financed with (i) operating
leases, (ii) Capitalized Leases or (iii) purchase money Indebtedness permitted under
Section 6.11.

     “Non-Recourse Indebtedness” means Indebtedness of any Person in the Consolidated Group
(i) in respect of which neither the Borrower nor any of its Subsidiaries (other than Special
Purpose Subsidiaries) shall have any liability whatsoever, whether direct or indirect, contingent
or otherwise, and (ii) the provider of which shall have no recourse to any assets of the Borrower
or its Subsidiaries (other than the assets for which such Indebtedness was incurred, the proceeds
(including, without limitation, proceeds from associated contracts and insurance) of, and
improvements, accessories and upgrades to, such assets and the ownership interests of any Special
Purpose Subsidiary that owns, whether directly or indirectly, such assets), other than Special
Purchase Subsidiaries (as to which recourse of any kind or nature is allowed), each as determined
by the Agent in its reasonable discretion.

     “Non-U.S. Lender” has the meaning specified in Section 3.5(d).

     “Note” means any promissory note issued at the request of a Lender pursuant to
Section 2.13(c) in the form of Exhibit 2.13(d).

     “Obligations” means all unpaid principal of and accrued and unpaid interest on the
Loans, Swing Line Loans, all Reimbursement Obligations, Rate Hedging Obligations owing to a Lender
or any Affiliate of a Lender, all accrued and unpaid fees and all expenses, reimbursements,
indemnities and other obligations of the Borrower and the Guarantors to the Lenders or to any
Lender, the Agent, an Issuer or any indemnified party arising under the Loan Documents.

     “Off-Balance Sheet Liability” of a Person means (i) any repurchase obligation or
liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any
liability under any so-called “synthetic lease” transaction (a transaction that is treated as an
operating lease under Agreement Accounting Principles but a Capitalized Lease for federal income
tax purposes) entered into by such Person, or (iii) any obligation arising with respect to any
other transaction which is the functional equivalent of or takes the place of borrowing but which
does not constitute a liability on the balance sheets of such Person, but excluding from this
clause (iii) Operating Leases.

- 17 -

 

     “Operating Lease” of a Person means any lease of Property (other than a Capitalized
Lease) by such Person as lessee which has an original term (including any required renewals and any
renewals effective at the option of the lessor) of one year or more.

     “Original Effective Date” means April 25, 2005.

     “Other Taxes” has the meaning specified in Section 3.5(b).

     “Outstanding Credit Exposure” means (i) as to any Lender at any time, the sum of
(x) the aggregate principal amount of its Loans outstanding at such time, plus (y) an
amount equal to its Pro Rata Share of the LC Obligations at such time, and (ii) as to the Swing
Line Lender only, at any time, the aggregate principal amount of outstanding Swing Line Loans at
such time.

     “Participants” has the meaning specified in Section 12.2.1.

     “Payment Date” means the last Business Day of each month of February, May, August and
November from and including the Original Effective Date through and including the applicable
Facility Termination Date.

     “PBGC” means the Pension Benefit Guaranty Corporation, or any successor thereto.

     “Performance LC Obligation” means, at any time, the sum, without duplication, of
(i) the aggregate undrawn stated amount under all Performance Letters of Credit outstanding at such
time, plus (ii) the aggregate unpaid amount at such time of all Performance Reimbursement
Obligations.

     “Performance Letter of Credit” means a Letter of Credit qualifying as a
“performance-based standby letter of credit” under 12 CFR Part 3, Appendix A, Section 3(b)(2)(i) or
as a “commercial letter of credit” or other short-term self liquidating instrument used to finance
the movement of goods that are collateralized by the underlying shipment under 12 CFR Part 3,
Appendix A, Section 3(b)(3), or in each case under any successor U.S. Comptroller of the Currency
regulation.

     “Performance Reimbursement Obligations” means, at any time, the aggregate of all
obligations of the Borrower then outstanding under Section 2.19 to reimburse an Issuer for
amounts paid by such Issuer in respect of any one or more drawings under Performance Letters of
Credit.

     “Permitted Asset Sale” means any sale of Property permitted by Section 6.13.

     “Permitted Businesses” means the businesses of Borrower and its Subsidiaries carried
on as of the Restatement Effective Date and any businesses, services or activities incident or
related thereto, and the businesses of the clients of Borrower and its Subsidiaries.

     “Permitted Business Investments” means:

     (i) loans and other extensions of credit to officers, directors and employees of
Borrower or any Subsidiary for travel, entertainment, moving and similar expenses or

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advances made in direct furtherance and in the ordinary course of the business of
Borrower or the Subsidiaries, provided that the aggregate principal amount of loans and
other extensions of credit made pursuant to this clause (i) does not exceed
$1,500,000 at any one time outstanding;

     (ii) Investments in Persons operating Permitted Businesses not to exceed 15% of
Borrower’s Consolidated Net Worth, provided that no such Investment shall be a Permitted
Business Investment if such Investment could reasonably be expected to have a Material
Adverse Effect;

     (iii) Loans and other extensions of credit to an officer or employee of Borrower or a
Subsidiary extended in connection with hiring that Person that is the functional equivalent
of a signing bonus and is to be forgiven over time if said Person continues his or her
employment;

     (iv) Investments by Foreign Subsidiaries in other Foreign Subsidiaries;

     (v) Investments by Borrower in Domestic Subsidiaries and Investments by Domestic
Subsidiaries in Borrower; and

     (vi) Investments by Borrower and its Domestic Subsidiaries in Foreign Subsidiaries,
which Investments are effected after the Original Effective Date, such Investments not to
exceed $60,000,000 and, if constituting Indebtedness, to be evidenced prior to the
occurrence of the Collateral Release Event by a promissory note or other similar document
that is pledged to the Agent as Collateral; and

     (vii) Investments by Subsidiaries in Borrower.

     For purposes of clauses (ii) and (vi) of this definition, the aggregate amount of an
Investment at any time shall be deemed to be equal to (A) the aggregate amount of cash, together
with the aggregate fair market value of property, loaned, advanced, contributed, transferred or
otherwise invested, but excluding (1) Inventory sold by Borrower or its Subsidiaries to any Foreign
Subsidiary on arms’ length terms in the ordinary course of business, that gives rise to such
Investment, and (2) ordinary course trade payables and receivables, minus (B) the aggregate
amount of dividends, distributions or other payments received in cash in respect of such
Investment; the amount of an Investment shall not in any event be reduced by reason of any
write-off of such Investment nor increased by any increase in the amount of earnings retained in
the Person in which such Investment is made that have not been dividended, distributed or otherwise
paid out.

     “Permitted Cash Collateral” is defined in Section 6.15(j).

     “Permitted Financial Investments” means the following kinds of instruments:

     (i) receivables arising from the sale of goods and services in the ordinary course of
business of Borrower or any Subsidiaries;

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     (ii) currency or commodity price hedging agreements, using customary ISDA swap
documentation or comparable documentation, entered into with a Lender for the purpose of
hedging actual exposure on the currency or commodity price risks of its business and not
speculation; and

     (iii) Capital Stock or obligations or securities received in settlement of debts
(created in the ordinary course of business) owing to Borrower or any Subsidiary.

     “Permitted Liens” means any of the following:

     (i) Liens for taxes, assessments or governmental charges or levies on its Property if
the same shall not at the time be delinquent or thereafter can be paid without penalty, or
are being contested in good faith and by appropriate proceedings and for which adequate
reserves in accordance with Agreement Accounting Principles shall have been set aside on its
books;

     (ii) Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ liens and
other similar liens arising in the ordinary course of business which secure payment of
obligations not more than 60 days past due or which are being contested in good faith by
appropriate proceedings and for which adequate reserves shall have been set aside on its
books;

     (iii) Liens arising out of pledges or deposits under worker’s compensation laws,
unemployment insurance, old age pensions, or other social security or retirement benefits,
or similar legislation;

     (iv) deposits or Liens to secure the performance of bids, trade contracts, leases,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a
like nature, in each case in the ordinary course of business, including, without limitation
such deposits or Liens for the benefit of member insurance companies of the American
International Companies (“AIC”) or their respective Affiliates or such other
sureties as may be required from time to time in the ordinary course of business; further
provided that Borrower may provide any such surety with access to the premises, projects and
equipment of Borrower that are related to the bonding obligations of such surety as
necessary to allow such surety to enforce its rights under and in accordance with applicable
laws; further provided that such access shall not be construed as the granting of a Lien on,
nor shall any Liens granted in favor of such surety encumber, Inventory, Receivables or
Costs in Excess of Billings.

     (v) utility easements, building and zoning restrictions, minor defects or
irregularities in title and such other encumbrances or charges against real property as are
of a nature generally existing with respect to properties of a similar character and which
do not in any material way adversely affect the marketability of the same or interfere with
the use thereof in the business of the Borrower or its Subsidiaries;

     (vi) judgment and attachment liens not giving rise to a Default or liens created by or
existing from any litigation or legal proceeding that are being contested in good faith by
appropriate proceedings, promptly instituted and diligently conducted, and for

- 20 -

 

which adequate reserves have been made to the extent required by Agreement Accounting
Principles in respect of a claim, not to exceed $500,000 in the aggregate;

     (vii) liens in favor of collecting or payor banks having a right of setoff, revocation,
refund or chargeback in favor of collecting or payor banks with respect to money or
instruments of the Borrower or any of its Subsidiaries on deposit with or in possession of
such bank, including setoff rights arising in connection with worldwide consolidated cash
management systems;

     (viii) customary set off rights and related financial settlement procedures under Rate
Hedging Obligations entered into for the purpose of hedging and not for speculation; and

     (ix) to the extent not permitted by clause (iii) above, Liens arising out of pledges or
deposits of cash or Cash Equivalent Investments securing deductibles, self-insurance,
insurance premiums, co-payment, co-insurance, retentions and similar obligations to
providers of insurance in the ordinary course of business, not to exceed $30,000,000 in the
aggregate;

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

     “Person” means any natural person, corporation, firm, joint venture, partnership,
limited liability company, association, enterprise, trust or other entity or organization, or any
government or political subdivision or any agency, department or instrumentality thereof.

     “Plan” means an employee pension benefit plan which is covered by Title IV of ERISA or
subject to the minimum funding standards under Section 412 of the Code as to which the Borrower or
any member of the Controlled Group may have any liability.

     “Pricing Schedule” means the Schedule attached hereto identified as such.

     “Pro Forma Liquidity” means, at any time, Unrestricted cash and Cash Equivalent
Investments of the Borrower and its Subsidiaries at such time plus the aggregate amount of
Revolving Credit Commitments available to be drawn.

     “Projections” means the financial projections (including projected balance sheets,
income statements and cash flow statements) for the Borrower and its Subsidiaries, together with
the assumptions upon which those projections were based, delivered by the Borrower in connection
with the amendment and restatement of the Existing Facility contemplated hereby for the 2010
through 2012 fiscal years of the Borrower and included in the Confidential Information Memorandum.

     “Property” of a Person means any and all property, whether real, personal, tangible,
intangible, or mixed, of such Person, or other assets owned, leased or operated by such Person.

     “Pro Rata Share” means, with respect to a Lender, a portion equal to a fraction the
numerator of which is such Lender’s Commitment and the denominator of which is the Aggregate
Commitment. If the Commitments have been terminated at any time that a Pro Rata

- 21 -

 

Share is to be calculated, such calculation shall be made by reference to the Commitments in
effect immediately before giving effect to such termination.

     “Purchasers” has the meaning specified in Section 12.3.1.

     “Qualified Stock” means, with respect to any Person, any common stock of such Person
or a Subsidiary of such Person.

     “Rate Hedging Agreement” means an agreement, device or arrangement entered into with
any Lender or any Affiliate of a Lender providing for payments which are related to fluctuations of
interest rates, exchange rates or forward rates, including, but not limited to, dollar-denominated
or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest
rate cap or collar protection agreements, forward rate currency or interest rate options, puts and
warrants.

     “Rate Hedging Obligation” of a Person means any and all obligations of such Person,
whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired
(including all renewals, extensions and modifications thereof and substitutions therefor), under
(i) any and all Rate Hedging Agreements, and (ii) any and all cancellations, buy backs, reversals,
terminations or assignments of any Rate Hedging Agreement. For purposes hereof, it is understood
that any obligations to any Person arising under a Rate Hedging Agreement entered into at a time
such Person (or an Affiliate thereof) is party to this Agreement as a Lender shall continue to
constitute “Rate Hedging Obligation” and therefore “Obligations” and “Secured Obligations”
hereunder, notwithstanding that such Person (or its Affiliate) has ceased to be a Lender party to
this Agreement (by assignment of its interests herein or otherwise) at the time a claim is to be
made in respect of such Rate Hedging Agreement.

     “Receivables” means and includes, as to any Person, all of such Person’s then owned or
existing and future acquired or arising (i) Accounts, (ii) rights to payment evidenced by chattel
paper, documents or an instrument, (iii) rights or claims to receive money that are General
Intangibles, (iv) rights or claims to the payment of money or other forms of consideration of any
kind including, but not limited to, letters of credit and the right to receive payment thereunder,
and all other debts, obligations and liabilities in whatever form from any Person and guaranties,
security and Liens securing payment thereof, and (v) cash and non-cash proceeds of any of the
foregoing.

     “Refunded Swing Line Loans” has the meaning specified in Section 2.1.2(a).

     “Regulations T, U and X” and “Regulations T, U or X” mean the corresponding
regulation of the Board of Governors of the Federal Reserve System as from time to time in effect
and any successor or other regulation or official interpretation of said Board of Governors, and
all official rulings and interpretations thereunder or thereof.

     “Reimbursement Obligations” means, at any time, the aggregate of all Financial
Reimbursement Obligations and Performance Reimbursement Obligations.

     “Reportable Event” means a reportable event as defined in Section 4043 of ERISA and
the regulations issued under such section, with respect to a Plan, excluding, however, such events

- 22 -

 

as to which the PBGC has by regulation waived the requirement of Section 4043(a) of ERISA that
it be notified within 30 days of the occurrence of such event, provided, however, that a failure to
meet the minimum funding standard of Section 412 of the Code and of Section 302 of ERISA shall be a
Reportable Event regardless of the issuance of any such waiver of the notice requirement in
accordance with either Section 4043(a) of ERISA or Section 412(d) of the Code.

     “Reports” has the meaning specified in Section 9.6.

     “Required Lenders” means (1) Lenders in the aggregate having more than 50% of the
Aggregate Commitment or, if the Aggregate Commitment has been terminated, Lenders in the aggregate
holding more than 50% of the aggregate Outstanding Credit Exposure and (2) when used in the context
of a Class of Lenders, Lenders of such Class in the aggregate having more than 50% of the Aggregate
Commitment relating to such Class or, if the Aggregate Commitment has been terminated, Lenders of
such Class in the aggregate holding more than 50% of the aggregate Outstanding Credit Exposure
relating to such Class.

     “Restatement Effective Date” has the meaning specified in the preamble hereto.

     “Revolving Credit Commitment” means, for each Lender, the obligation of such Lender to
make Revolving Credit Loans, other than Swing Line Loans, to Borrower in an aggregate amount not
exceeding the amount specified on such Lender’s signature page hereto or on its Lender Addendum or
as set forth in any assignment executed pursuant to Section 12.3.1, as such amount may be modified
from time to time pursuant to the terms hereof.

     “Revolving Credit Loan” means a loan made under Section 2.1, but shall not
include a participation in a Facility LC.

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

     “Sale and Leaseback Transaction” means any sale or other transfer of Property by any
Person to a transferee together with the leasing back of such Property from such transferee by such
Person as lessee.

     “Schedule” refers to a specific schedule to this Agreement, unless another document is
specifically referenced.

     “SEC” means the Securities and Exchange Commission, or any successor governmental
agency or authority performing a similar function.

     “Section” means a numbered section of this Agreement, unless another document is
specifically referenced.

     “Secured Obligations” means the Obligations.

     “Security Agreement” means the security and pledge agreement dated as of the Original
Effective Date executed by Borrower and the Guarantors creating (A) a first and prior lien in favor
of the Agent for the ratable benefit of the Lenders on all of such Persons’ Accounts,

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Inventory, General Intangibles, the proceeds and products thereof and all other personal
property, including, without limitation, all inter-company notes and receivables and (B) a first
and prior lien in favor of the Agent for the ratable benefit of the Lenders on, among other
Collateral, all of the issued and outstanding shares of the Borrower’s or such Guarantor’s Domestic
Subsidiaries and 66% of the issued and outstanding shares of the Borrower’s or such Guarantor’s
Foreign Subsidiaries that are owned by the Borrower or a Domestic Subsidiary, together with any
security and pledge agreement to be executed by the Borrower or any Guarantor and delivered to the
Agent pursuant to Section 6.23 hereof.

     “Shaw EBITDA” means, for any period, EBITDA for the Consolidated Group. In
calculating Shaw EBITDA, (i) for any Acquisition permitted hereunder by Borrower or a Subsidiary of
any Person or assets during a Calculation Period for which EBITDA is calculated (A) the EBITDA of
such Person or assets for the trailing twelve (12) months immediately preceding the Acquisition
shall be included in the first such calculation with respect to such Person or assets and (B) in
any subsequent calculation, to the extent such Person or asset’s EBITDA is not consolidated with
Borrower’s under Agreement Accounting Principles for a full Calculation Period, the actual EBITDA
of such Person or assets for the most recent period prior to the time it was acquired by Borrower
or a Subsidiary shall be added to the EBITDA of Borrower to reach a total of a full Calculation
Period’s EBITDA for such Person or assets being a part of the calculation of Borrower’s EBITDA; and
(ii) Shaw EBITDA shall be reduced by EBITDA attributable to any assets sold during the applicable
Calculation Period.

     “Single Employer Plan” means a Plan maintained by the Borrower or any member of the
Controlled Group for employees of the Borrower or any member of the Controlled Group.

     “Special Purpose Subsidiary” means any Subsidiary of the Borrower whose principal
purpose is to incur Non-Recourse Indebtedness or to become an owner of interests in a Person
created to conduct the business activities for which such Indebtedness was incurred, and
substantially all the fixed assets of such Subsidiary or Person are those fixed assets being
financed (or to be financed) in whole or in part by such Indebtedness.

     “Subordination Agreement” means the Intercompany Subordination Agreement among the
Borrower, all Foreign Subsidiaries, all Domestic Subsidiaries and the Agent dated as of the
Original Effective Date.

     “Subsidiary” of a Person means (i) any corporation (other than the Excluded SPV) more
than 50% of the outstanding securities having ordinary voting power of which shall at the time be
owned or controlled, directly or indirectly, by such Person or by one or more of its Subsidiaries
or by such Person and one or more of its Subsidiaries, or (ii) any partnership, limited liability
company, association, joint venture or similar business organization (other than the Excluded SPV)
more than 50% of the ownership interests having ordinary voting power of which shall at the time be
so owned or controlled. Unless otherwise expressly provided, all references herein to a
“Subsidiary” shall mean a Subsidiary of the Borrower. Without limiting the foregoing provisions of
this definition, no Person shall be deemed to be a Subsidiary of the Borrower solely by reason of
FIN 46.

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     “Substantial Portion” means, with respect to the Property of the Borrower and its
Subsidiaries, Property which (i) represents more than 10% of the consolidated assets of the
Borrower and its Subsidiaries as would be shown in the consolidated financial statements of the
Borrower and its Subsidiaries as at the beginning of the twelve-month period ending with the month
in which such determination is made, or (ii) is responsible for more than 10% of the consolidated
net sales or of the consolidated net income of the Borrower and its Subsidiaries as reflected in
the financial statements referred to in clause (i) above.

     “Supplemental Credit Facility” means any revolving credit facility, term loan
facility, letter of credit facility and/or any combination of any of the foregoing entered into by
the Borrower (other than any such facility entered into as permitted by Section 6.20(b), (d) or (e)
hereof), subject to the conditions that:

     (i) no such facility shall contain any covenant, representation, warranty, event of
default, mandatory prepayment provision or any other measure of financial performance that
is not included in this Agreement or that would be more onerous or restrictive on the
Borrower or its Subsidiaries than the analogous provision contained in this Agreement;

     (ii) no such facility shall require the Borrower to make any regularly scheduled
prepayment or amortization or require a reduction of the commitments under such facility
prior to the 2012 Termination Date;

     (iii) each such facility that is secured by assets of the Borrower or any of its
Subsidiaries shall contain a provision for the release thereof that is no more onerous to
the Borrower and its Subsidiaries than the provision set forth in Section 10.15(b) hereof;
and

     (iv) notwithstanding the preceding clause (iii), no such facility shall be secured by
any assets of the Borrower or any of its Subsidiaries after the Collateral Release has
occurred pursuant to Section 10.15(b) hereof.

For purposes hereof, the amount of any Supplemental Credit Facility shall be the higher of the
aggregate amount of extensions of credit thereunder and the aggregate amount of the commitments to
provide extensions of credit thereunder.

     “Swing Line Commitment” means the Swing Line Lender’s obligation to make Swing Line
Loans pursuant to Section 2.1.2.

     “Swing Line Lender” means BNPP in its capacity as provider of the Swing Line Loans.

     “Swing Line Loan” or “Swing Line Loans” has the meaning specified in
Section 2.1.2.

     “Taxes” means any and all present or future taxes, duties, levies, imposts,
deductions, charges or withholdings, and any and all liabilities with respect to the foregoing, but
excluding Excluded Taxes.

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     “Total Debt” means all Indebtedness (other than in respect of Performance Letters of
Credit) for which the Consolidated Group is obligated or which is binding on it or any of its
Property, whether directly or by means of Contingent Obligations, determined on a consolidated
basis without duplication in accordance with Agreement Accounting Principles.

     “Transactions” means the amendment and restatement of the Existing Facility
contemplated hereby.

     “Transferee” has the meaning specified in Section 12.4.

     “Type” means, with respect to any Advance, its nature as a Floating Rate Advance or a
Eurodollar Advance.

     “Unfunded Liabilities” means the amount (if any) by which the present value of all
vested and unvested accrued benefits under all Single Employer Plans exceeds the fair market value
of all such Plan assets allocable to such benefits, all determined as of the then most recent
valuation date for such Plans using PBGC actuarial assumptions for single employer plan
terminations.

     “Unmatured Default” means an event which but for the lapse of time or the giving of
notice, or both, would constitute a Default.

     “Unrestricted” means, with respect to cash and Cash Equivalent Investments, all cash
and Cash Equivalent Investments excluding any amounts thereof that are subject to a Lien or a
reserve on the balance sheet of the Borrower or any of its Subsidiaries.

     “Westinghouse Entities” means (a) Toshiba Nuclear Holdings (US) Inc., a Delaware
corporation, and (b) Toshiba Nuclear Holdings (UK) Limited, an English company.

     “Westinghouse Investments” means the acquisition of up to 20.0% of the issued and
outstanding capital stock of each Westinghouse Entity.

     “Wholly-Owned Subsidiary” of a Person means (i) any Subsidiary all of the outstanding
voting securities (excluding directors’ qualifying shares) of which shall at the time be owned or
controlled, directly or indirectly, by such Person or one or more Wholly-Owned Subsidiaries of such
Person, or by such Person and one or more Wholly-Owned Subsidiaries of such Person, or (ii) any
partnership, limited liability company, association, joint venture or similar business organization
(other than the Excluded SPV) 100% of the ownership interests having ordinary voting power of which
shall at the time be so owned or controlled.

     The foregoing definitions shall be equally applicable to both the singular and plural forms of
the defined terms.

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ARTICLE II

THE CREDITS

     2.1 Commitments

     2.1.1 Loan Commitment. From and including the Original Effective Date and
prior to the Facility Termination Date applicable to it, each Lender severally agrees, on
the terms and conditions set forth in this Agreement, to (i) make Loans to the Borrower and
(ii) participate in Facility LCs issued upon the request of the Borrower, provided that,
after giving effect to the making of each such Loan and the issuance of each such Facility
LC (in each case determined after giving effect to any reductions or increases in
Commitments scheduled to occur on the date on which each such Loan is to be made or such
Facility LC is to be issued), (A) such Lender’s Outstanding Credit Exposure shall not exceed
its Commitment and (B) the Aggregate Outstanding Credit Exposure shall not exceed the
Aggregate Commitment. Subject to the terms of this Agreement, the Borrower may borrow,
repay and reborrow at any time prior to the Business Day prior to the 2012 Termination Date.
All Commitments of the 2010 Lenders shall expire on the 2010 Termination Date, all
Commitments of the 2011 Lenders shall expire on the 2011 Termination Date and all
Commitments of the 2012 Lenders shall expire on the 2012 Termination Date. For the
avoidance of doubt, to the extent that any Lender qualifies as more than one of a 2010
Lender, 2011 Lender and 2012 Lender, only the Commitments allocated to such Lender in its
capacity as a 2010 Lender, 2011 Lender or 2012 Lender, as applicable, shall expire on the
corresponding Facility Termination Date. Issuers will issue Facility LCs hereunder on the
terms and conditions set forth in Section 2.19.

     2.1.2 Swing Line Commitment

     (a) Subject to the terms and conditions hereof, the Swing Line Lender agrees at
any time and from time to time on and after the Original Effective Date and prior to
the Facility Termination Date applicable to it, to make Swing Line loans (each, a
“Swing Line Loan” and collectively, the “Swing Line Loans”) to the
Borrower in an aggregate principal amount at any one time outstanding not to exceed
$25,000,000, which Swing Line Loans (i) shall be made and maintained pursuant to one
or more Advances comprised of Floating Rate Advances and which shall not be entitled
to be converted into Eurodollar Advances, (ii) shall be made in the minimum amount
of $1,000,000 (or if less, in the aggregate amount of the remaining unused portion
of the Aggregate Commitment), and (iii) may be repaid and, so long as no Default or
Unmatured Default exists hereunder, reborrowed, at the option of the Borrower, in
accordance with the provisions hereof. Swing Line Loans shall constitute
“Loans” for all purposes hereunder, except they shall be held by the Swing
Line Lender (subject to Section 2.1.2(b) below) and, only for purposes of
calculating the commitment fee under Section 2.5, shall not be considered a
utilization of the Commitment of any Lender hereunder. Notwithstanding the
foregoing, the Aggregate Outstanding Credit Exposure shall not exceed the Aggregate
Commitment at any time.

     (b) If any Swing Line Loan is not repaid when due, the Swing Line Lender shall
give notice to the Agent to request each Lender, including the Swing Line Lender, to
make a Loan as a Floating Rate Advance in an amount equal to the product of such
Lender’s Pro Rata Share times the outstanding principal
balance of such Swing Line Loan (the “Refunded Swing Line Loan”)
outstanding on the date such notice is given; provided that the provision of this
subsection

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shall not affect the obligation of the Borrower to prepay Swing Line
Loans in accordance with Section 2.2. Each Lender shall make the proceeds
of such Loan available to the Agent for the account of the Swing Line Lender on the
next Business Day following such request, in immediately available funds. The
proceeds of such Loans shall be immediately applied to repay the Refunded Swing Line
Loan.

     (c) At any time before or after a Default or Unmatured Default, if the
Commitments of the Lenders of any Class shall have expired or be terminated while
any Swing Line Loan is outstanding, each Relevant Lender (as defined below), at the
sole option of the Swing Line Lender, shall either (A) notwithstanding the
expiration or termination of the Commitments, make a Loan as a Floating Rate
Advance, which such Loan shall be deemed a “Loan” for all purposes of this
Agreement and the other Loan Documents, or (B) be deemed, without further action by
any Person, to have purchased from the Swing Line Lender a participation in such
Swing Line Loan, in either case in an amount equal to the product of such Lender’s
Pro Rata Share times the outstanding principal balance of such Swing Line Loan. The
Agent shall notify each such Lender of the amount of such Loan or participation, and
such Lender will transfer to the Agent for the account of the Swing Line Lender on
the next Business Day following such notice, in immediately available funds, the
amount of such Loan or participation. For purposes hereof, (i) “Relevant
Lender” shall mean, in connection with any termination or expiration of
Commitments, (x) if such expiration or termination occurs pursuant to Section 2.1.1
and after giving effect thereto the Aggregate Outstanding Credit Exposure does not
exceed the Aggregate Commitment, each Lender holding a Commitment after giving
effect to such expiration or termination and (y) otherwise, each Lender holding a
Commitment immediately before giving effect to such expiration or termination and
(ii) the Pro Rata Shares of the Relevant Lenders shall be calculated as if the
Aggregate Commitment were equal to the sum of the Commitments of the Relevant
Lenders as in effect immediately prior to such termination or expiration.

     (d) If any such Lender shall not have so made its Loan or its percentage
participation available to the Agent pursuant to this Section 2.1.2, such
Lender agrees to pay interest thereon for each day from such date until the date
such amount is paid at the lesser of (i) the Federal Funds Effective Rate for such
day for the first three days and thereafter the interest rate applicable to the
Loan, and (ii) the Highest Lawful Rate. Whenever, at any time after the Agent has
received from any Lender such Lender’s Loan or participating interest in a Swing
Line Loan, the Agent receives any payment on account thereof, the Agent will pay to
such Lender its participating interest in such amount (appropriately adjusted, in
the case of interest payments, to reflect the period of time during which such
Lender’s Loan or participating interest was outstanding and funded), which payment
shall be subject to repayment by such Lender if such payment received by the Agent
is required to be returned. Each Revolving Credit Lender’s
obligation to make the Loans or purchase such participating interests pursuant
to this Section 2.1.2 shall be absolute and unconditional and shall not be
affected by

- 28 -

 

any circumstance, including, without limitation, (A) any set-off,
counterclaim, recoupment, defense or other right which such Lender or any other
Person may have against the Swing Line Lender, the Agent or any other Person for any
reason whatsoever; (B) the occurrence or continuance of a Default or an Unmatured
Default or the termination of the Commitments; (C) the occurrence of any Material
Adverse Effect; (D) any breach of this Agreement by the Borrower or any other
Lender; or (E) any other circumstance, happening or event whatsoever, whether or not
similar to any of the foregoing. Each Swing Line Loan, once so participated by any
Lender, shall cease to be a Swing Line Loan with respect to that amount for purposes
of this Agreement, but shall continue to be a Loan.

     2.2 Required Payments, Termination. The Borrower shall make the following mandatory
payments:

     (a) (i) All Loans, all outstanding Reimbursement Obligations and all other
unpaid Obligations owing to the 2010 Lenders shall be paid in full by the Borrower
on the 2010 Termination Date, (ii) all Loans, all outstanding Reimbursement
Obligations and all other unpaid Obligations owing to the 2011 Lenders shall be paid
in full by the Borrower on the 2011 Termination Date, (iii) all Loans, all
outstanding Reimbursement Obligations and all other unpaid Obligations owing to the
2012 Lenders shall be paid in full by the Borrower on the 2012 Termination Date, in
each case except to the extent that such Obligations are expressly required hereby
to be paid on an earlier date.

     (b) Subject to Section 2.2(a), each Swing Line Loan shall be paid in
full on the fifth Business Day from the date such Swing Line Loan was made by the
Swing Line Lender.

     (c) Notwithstanding anything to the contrary contained in this Agreement or in
any other Loan Document, (i) the Aggregate Outstanding Credit Exposure shall not
exceed the Aggregate Commitment and (ii) (x) at no time prior to the 2010
Termination Date may the sum of the aggregate undrawn stated amount of all
outstanding Facility LCs that expire after the fifth Business Day prior to the 2010
Termination Date plus the aggregate amount of the 2011 Lenders’ and 2012 Lenders’
Pro Rata Shares of all Loans (including Swing Line Loans) exceed the aggregate
amount of the Commitments of all of the 2011 Lenders and 2012 Lenders (any such
excess constituting a “2010 Funding Excess”) and (y) at no time prior to the
2011 Termination Date may the sum of the aggregate undrawn stated amount of all
outstanding Facility LCs that expire after the fifth Business Day prior to the 2011
Termination Date plus the aggregate amount of the 2012 Lenders’ Pro Rata Shares of
all Loans (including Swing Line Loans) exceed the aggregate amount of the
Commitments of all of the 2012 Lenders (any such excess constituting a “2011
Funding Excess”). The Lenders shall never be required to make any Advance or

- 29 -

 

issue or participate in any Facility
LC, and the Swing Line Lender shall never be required to make any Swing Line
Loan, that would cause the Aggregate Outstanding Credit Exposure to exceed the
Aggregate Commitment, and no Lender shall be required to make any Advance or issue
or participate in any Facility LC that would cause such Lender’s Outstanding Credit
Exposure to exceed its individual, total Commitment. If the Aggregate Outstanding
Credit Exposure exceeds the Aggregate Commitment or if there is a 2010 Funding
Excess or a 2011 Funding Excess, the Borrower shall in each case, within 60 days
after the earlier of (x) receiving written notice thereof from the Agent or
(y) actual knowledge of such deficiency by an officer of the Borrower, repay the
principal of the Revolving Credit Loans in an amount equal to such excess, in each
case as applicable. If after giving effect to any such principal repayment there
shall be in existence a Collateral Shortfall Amount, Borrower shall immediately pay
to the Agent such Collateral Shortfall Amount in immediately available funds, which
funds shall be held in the Facility LC Collateral Account.

     (d) The Borrower shall prepay the Swing Line Loans, or if the Swing Line Loans
have been repaid in full, prepay the Revolving Credit Loans, by an amount equal to:

     (i) 100% of the Debt Incurrence Proceeds that the Borrower or any of
its Subsidiaries receives from each Debt Incurrence after the Original
Effective Date upon receipt of such Debt Incurrence Proceeds;

     (ii) the total amount of any insurance proceeds or condemnation award
received by the Borrower or any of its Subsidiaries in excess of $5,000,000
by reason of theft, loss, physical destruction or damage, condemnation or
any other similar event with respect to any property or assets of the
Borrower or any of its Subsidiaries if such insurance proceeds are not
applied or contractually committed to rebuild, restore or replace the
damaged or destroyed property within 180 days of the receipt thereof;

     (iii) upon the sale of either (x) any asset other than Permitted Asset
Sales or (y) any stock in any of the Borrower’s Subsidiaries allowed under
Section 6.13(e), in each case for $5,000,000 or more in cash
proceeds, the entire amount of the Net Cash Proceeds resulting therefrom,
provided that, notwithstanding the foregoing, the Borrower shall not be
required to make a prepayment under this clause (iii) to the extent
that (A) the Borrower advises the Agent at the time of the relevant sale
that it intends to use such cash proceeds to finance one or more
Acquisitions permitted under Section 6.24 or otherwise to reinvest
the proceeds thereof into the business of the Borrower and its Subsidiaries
within one year of receipt of such proceeds and (B) such cash proceeds are
in fact so applied to such Acquisitions permitted under Section 6.24
or reinvested within one year of such sale. Any non-cash proceeds received
from such sale prior to
the occurrence of the Collateral Release Event shall be pledged as
additional Collateral.

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     2.3 Ratable Loans. Each Advance hereunder, other than Advance of Swing Line Loans,
shall consist of Loans made from the several Lenders ratably according to their Pro Rata Shares.

     2.4 Types of Advances. The Advances (other than Advances made in respect of a Swing
Line Loan which must be Floating Rate Advances) may be Floating Rate Advances or Eurodollar
Advances, or a combination thereof, selected by the Borrower in accordance with Section 2.8 and
Section 2.9.

     2.5 Commitment Fee, Reductions in Aggregate Commitment.

     (a) The Borrower agrees to pay to the Agent for the account of each Lender according to
its Pro Rata Share a commitment fee at a per annum rate equal to the Applicable Fee Rate on
the average daily excess of the Aggregate Commitment over the Aggregate Outstanding Credit
Exposure (other than Swing Line Loans) from the Restatement Effective Date to and including
the Facility Termination Date applicable to such Lender, payable quarterly in arrears on
each Payment Date hereafter and on such Facility Termination Date.

     (b) The Borrower may permanently reduce the Aggregate Commitment in whole or in part by
reducing the Aggregate Facility LC Commitment in integral multiples of $5,000,000, upon at
least three Business Day’s prior written notice to the Agent, which notice shall specify the
amount of any such reduction, provided, however, that (i) the amount of the Aggregate
Commitment may not be reduced below the Aggregate Outstanding Credit Exposure and (ii) the
Aggregate Facility LC Commitment shall not be reduced below the amount of the LC
Obligations. All accrued commitment fees shall be payable on the effective date of any
termination of the obligations of the Lenders to make Credit Extensions hereunder. The
Aggregate Commitment and the Aggregate Facility LC Commitment shall each be automatically
reduced (x) in the case of the 2010 Lenders, on the 2010 Termination Date by the aggregate
amount of the Commitments of all of the 2010 Lenders and (y) in the case of the 2011
Lenders, on the 2011 Termination Date by the aggregate amount of the Commitments of all of
the 2011 Lenders.

     2.6 Minimum Amount of Each Advance. Each Eurodollar Advance shall be in the minimum
amount of $2,500,000 (and in multiples of $500,000 if in excess thereof), and each Floating Rate
Advance other than those constituting Swing Line Loans, shall be in the minimum amount of
$2,500,000 (and in multiples of $500,000 if in excess thereof), provided, however, that any
Floating Rate Advance may be in the amount of the remaining unused portion of the aggregate
Revolving Credit Commitments at such time.

     2.7 Optional Principal Payments. The Borrower may from time to time pay or prepay,
without penalty or premium, all outstanding Floating Rate Advances, or, in a minimum aggregate
amount of $2,500,000 or any integral multiple of $500,000 in excess thereof, any portion of the
outstanding Floating Rate Advances after giving notice to the Agent of such prepayment no later
than 1:00 p.m. New York time one Business Day prior to such prepayment. The Borrower may from time
to time pay or prepay, subject to the payment of any funding indemnification amounts required by
Section 3.4 but without penalty or premium, all outstanding

- 31 -

 

Eurodollar Advances, or, in a minimum
aggregate amount of $2,500,000 or any integral multiple of $500,000 in excess thereof, any portion
of the outstanding Eurodollar Advances after giving notice to the Agent of such prepayment no later
than 1:00 p.m. New York time three Business Days prior to such prepayment.

     2.8 Method of Selecting Types and Interest Periods for New Advances.

     2.8.1 Loans. The Borrower shall select the Type of Advance and, in the case of
each Eurodollar Advance, the Interest Period applicable thereto from time to time. The
Borrower shall give the Agent irrevocable notice (a “Borrowing Notice”) not later
than 10:00 a.m. New York time on the Borrowing Date of each Floating Rate Advance and three
Business Days before the Borrowing Date for each Eurodollar Advance, specifying:

     (a) the Borrowing Date, which shall be a Business Day, of such Advance,

     (b) the aggregate amount of such Advance,

     (c) the Type of Advance selected, and

     (d) in the case of each Eurodollar Advance, the Interest Period applicable
thereto.

The Agent shall promptly notify each Lender of the receipt of a Borrowing Notice. Not later
than 12:00 p.m. New York time on each Borrowing Date, each Lender shall make available its
Loan or Loans in funds immediately available in New York, New York to the Agent at its
address specified pursuant to Article XIII. The Agent will make the funds so
received from the Lenders available to the Borrower at the Agent’s aforesaid address. The
Borrower shall be entitled to have a maximum of five separate Eurodollar Advances hereunder
for all Loans outstanding at any one time.

     2.8.2 Swing Line Loans. Whenever the Borrower requires an Advance under the
Swing Line Loans, it shall give written notice thereof (or telephonic notice promptly
confirmed in writing) to the Swing Line Lender not later than 11:00 a.m. New York, New York
time on the date of such Advance. Each notice shall be irrevocable and shall specify the
aggregate principal amount of such Advance and the Borrowing Date of such Advance (which
shall be a Business Day). No later than 12:00 p.m. New York, New
York time on the requested date, the Swing Line Lender shall make available to the
Borrower in immediately available funds the amount of such Advance at the Borrower’s general
deposit account maintained with the Swing Line Lender, or as otherwise directed by the
Borrower.

     2.9 Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall
continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into
Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or
Section 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the
then applicable Interest Period therefor, at which time such Eurodollar Advance shall be
automatically converted into a Floating Rate Advance unless (a) such

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Eurodollar Advance is or was
repaid in accordance with Section 2.7 or (b) the Borrower shall have given the Agent a
Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest
Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest
Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert
all or any part of a Floating Rate Advance into a Eurodollar Advance. The Borrower shall give the
Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate
Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 11:00 a.m.
New York time at least three Business Days prior to the date of the requested conversion or
continuation, specifying:

     (i) the requested date, which shall be a Business Day, of such conversion or
continuation,

     (ii) the aggregate amount and Type of the Advance which is to be converted or
continued, and

     (iii) the amount of such Advance which is to be converted into or continued as
a Eurodollar Advance and the duration of the Interest Period applicable thereto.

Advances under the Swing Line Loan shall at all times remain Floating Rate Advances, and may not be
converted into Eurodollar Advances.

     2.10 Change in Interest Rate, etc. Each Floating Rate Advance shall bear interest on
the outstanding principal amount thereof, for each day from and including the date such Advance is
made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant
to Section 2.9, to but excluding the date it is paid or is converted into a Eurodollar Advance (and
on which date, if a conversion has occurred, the Eurodollar Rate is charged), at a rate per annum
equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any
Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in
the Alternate Base Rate or Applicable Margin, as applicable. Each Eurodollar Advance shall bear
interest on the outstanding principal amount thereof from and including the first day of the
Interest Period applicable thereto to the last day of such Interest Period at the interest rate
determined by the Agent as applicable to such Eurodollar Advance based upon the Borrower’s
selections under Section 2.8 and Section 2.9 and otherwise in accordance with the terms hereof.
Changes in the rate of interest on that portion of any Advance maintained as a Eurodollar Advance
will take effect simultaneously with each change in the Applicable Margin regardless of whether
such date falls during an existing Interest Period. No Interest Period for any Eurodollar Advance
held by any Lender may begin before and end after the applicable Facility Termination Date for such
Lender.

     2.11 Rates Applicable After Default. Notwithstanding anything to the contrary
contained in Section 2.8 or Section 2.9, during the continuance of a Default or Unmatured Default
the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked
at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring
unanimous consent of the Lenders to changes in interest rates), declare that no Advance may be made
as, converted into or continued as a Eurodollar Advance. Upon the

- 33 -

 

occurrence and during the
continuance of a Default the Required Lenders may, at their option, by notice to the Borrower
(which notice may be revoked at the option of the Required Lenders notwithstanding any provision of
Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that
(i) each Eurodollar Advance shall bear interest, after as well as before judgment, for the
remainder of the applicable Interest Period at the lesser of (x) the Eurodollar Rate calculated by
adding the Applicable Margin for Level V (as set forth on the Pricing Schedule) plus 2% per annum
and (y) the Highest Lawful Rate, (ii) each Floating Rate Advance shall bear interest, after as well
as before judgment, at a rate per annum equal to the lesser of (x) the Floating Rate calculated by
adding the Applicable Margin for Level V plus 2% per annum and (y) the Highest Lawful Rate and
(iii) the LC Fee shall be calculated by using the Applicable Margin for Level V increased by 2% per
annum, provided that, during the continuance of a Default under Section 7.6 or Section 7.7, the
interest rates set forth in clauses (i) and (ii) above and the increase in the LC Fee set forth in
clause (iii) above shall be applicable to all Credit Extensions without any election or action on
the part of the Agent or any Lender. Default interest shall be payable on demand.

     2.12 Method of Payment. All payments of the Obligations hereunder shall be made,
without setoff, deduction, or counterclaim, in immediately available funds to the Agent at the
following address: BNP Paribas New York, ABA #026007689 (CHIPS: 768), favor BNP Paribas San
Francisco (BNPAUS6S), A/C 521 315 434 01, Ref: The Shaw Group, Attention: San Francisco Loan
Operations (or by wire transfer to the Agent in accordance with Agent’s written instructions), or
at any other Lending Installation of the Agent specified in writing by the Agent to the Borrower,
by noon (local time) on the date when due and shall (except in the case of Reimbursement
Obligations for which an Issuer has not been fully indemnified by the Lenders, or as otherwise
specifically required hereunder) be applied ratably by the Agent among the Lenders. Each payment
delivered to the Agent for the account of any Lender shall be delivered promptly by the Agent to
such Lender in the same type of funds that the Agent received at its address specified pursuant to
Article XIII or at any Lending Installation specified in a notice received by the Agent from such
Lender. The Agent is hereby authorized to charge the account of the Borrower maintained with BNPP
for each payment of principal, interest, Reimbursement Obligations and fees as it becomes
due hereunder. Each reference to the Agent in this Section 2.12 shall also be deemed to
refer, and shall apply equally, to an Issuer, in the case of payments required to be made by the
Borrower to an Issuer pursuant to Section 2.19.6.

     2.13 Noteless Agreement, Evidence of Indebtedness.

     (a) Each Lender shall maintain in accordance with its usual practice an account or
accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan
made by such Lender from time to time, including the amounts of principal and interest
payable and paid to such Lender from time to time hereunder.

     (b) The Agent shall also maintain accounts in which it will record (i) the amount of
each Loan made hereunder, the Type thereof and the Interest Period with respect thereto,
(ii) the amount of any principal or interest due and payable or to become due and payable
from the Borrower to each Lender hereunder, (iii) the original stated amount of each
Facility LC and the amount of LC Obligations outstanding at any time,

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and (iv) the amount of
any sum received by the Agent hereunder from the Borrower and each Lender’s share thereof.

     (c) The entries maintained in the accounts maintained pursuant to
Section 2.13(a) and Section 2.13(b) above shall be prima facie evidence of
the existence and amounts of the Obligations therein recorded, provided, however, that the
failure of the Agent or any Lender to maintain such accounts or any error therein shall not
in any manner affect the obligation of the Borrower to repay the Obligations in accordance
with their terms.

     (d) Any Lender may request that its Loans be evidenced by a promissory note (a
“Note”). In such event, the Borrower shall prepare, execute and deliver to such
Lender a Note payable to the order of such Lender in the form of Exhibit 2.13(d)
attached hereto. Thereafter, the Loans evidenced by such Note and interest thereon shall at
all times (including after any assignment pursuant to Section 12.3) be represented
by one or more Notes payable to the order of the payee named therein or any assignee
pursuant to Section 12.3, except to the extent that any such Lender or assignee
subsequently returns any such Note for cancellation and requests that such Loans once again
be evidenced as described in Section 2.13(a) and Section 2.13(b) above.

     2.14 Telephonic Notices. The Borrower hereby authorizes the Lenders and the Agent to
extend, convert or continue Advances, effect selections of Types of Advances and to transfer funds
based on telephonic notices made by any person or persons the Agent or any Lender in good faith
believes to be acting on behalf of the Borrower, it being understood that the foregoing
authorization is specifically intended to allow Borrowing Notices and Conversion/Continuation
Notices to be given telephonically. The Borrower agrees to deliver promptly to the Agent a written
confirmation of each telephonic notice signed by an Authorized Officer of the Borrower. If the
written confirmation differs in any material respect from the action taken by the Agent and
the Lenders, the records of the Agent and the Lenders shall govern absent manifest error.

     2.15 Interest Payment Dates, Interest and Fee Basis. Interest accrued on each
Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to
occur after the Original Effective Date, on any date on which the Floating Rate Advance is prepaid,
whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the
outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a
day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each
Eurodollar Advance shall be payable in arrears on the last day of its applicable Interest Period,
on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and
at maturity. Interest accrued on each Eurodollar Advance having an Interest Period longer than
three months shall also be payable on the last day of each three-month interval during such
Interest Period, and upon any prepayment. Interest on Floating Rate Advances shall be calculated
for actual days elapsed on the basis of a 365/366-day year. Interest on Eurodollar Advances,
commitment fees and LC Fees shall be calculated for actual days elapsed on the basis of a 360-day
year. Interest shall be payable for the day an Advance is made but not for the day of any payment
on the amount paid if payment is received prior to noon (local time) at the place of payment. If
any payment of principal of or interest on an Advance shall become due on a day which is not a
Business Day, such payment shall be made

- 35 -

 

on the next succeeding Business Day and, in the case of a
principal payment, such extension of time shall be included in computing interest in connection
with such payment. Notwithstanding the foregoing, the Borrower will pay to the Agent, for the
account of each Lender, interest at the applicable rate in accordance with Section 2.11.

     2.16 Notification of Advances, Interest Rates, Prepayments and Commitment Reductions.
Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate
Commitment reduction notice, Commitment increase notice, Borrowing Notice, Conversion/Continuation
Notice, and repayment notice received by it hereunder. Promptly after notice from an Issuer, the
Agent will notify each Lender of the contents of each request for issuance of a Facility LC
hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar
Advance promptly upon determination of such interest rate and will give each Lender prompt notice
of each change in the Alternate Base Rate.

     2.17 Lending Installations. Each Lender may book its Loans and its participation in
any LC Obligations and an Issuer may book the Facility LCs at any Lending Installation selected by
such Lender or such Issuer, as the case may be, and may change its Lending Installation from time
to time. All terms of this Agreement shall apply to any such Lending Installation and the Loans,
Facility LCs, participations in LC Obligations and any Notes issued hereunder shall be deemed held
by each Lender or each Issuer, as the case may be, for the benefit of any such Lending
Installation. Each Lender and each Issuer may, by written notice to the Agent and the Borrower in
accordance with Article XIII, designate replacement or additional Lending Installations through
which Loans will
be made by it or Facility LCs will be issued by it and for whose account Loan payments or
payments with respect to Facility LCs are to be made.

     2.18 Non-Receipt of Funds by the Agent. Unless the Borrower or a Lender, as the case
may be, notifies the Agent prior to the time and date on which it is scheduled to make payment to
the Agent of (a) in the case of a Lender, the proceeds of a Loan or (b) in the case of the
Borrower, a payment of principal, interest or fees to the Agent for the account of the Lenders,
that it does not intend to make such payment, the Agent may assume that such payment has been made.
The Agent may, but shall not be obligated to, make the amount of such payment available to the
intended recipient in reliance upon such assumption. If such Lender or the Borrower, as the case
may be, has not in fact made such payment to the Agent, the recipient of such payment shall, on
demand by the Agent, repay to the Agent the amount so made available together with interest thereon
in respect of each day during the period commencing on the date such amount was so made available
by the Agent until the date the Agent recovers such amount at a rate per annum equal to (x) in the
case of payment by a Lender, the Federal Funds Effective Rate for such day for the first three days
and, thereafter, the interest rate applicable to the relevant Loan or (y) in the case of payment by
the Borrower, the interest rate applicable to the relevant Loan.

     2.19 Facility LCs.

     2.19.1 Issuance. The parties hereto acknowledge that on and after the Original
Effective Date the Existing Facility LCs shall be Facility LCs issued by an Issuer pursuant
to this Agreement. Facility LCs issued hereunder may be issued in any Agreed Currency.
Each Issuer hereby agrees, on the terms and conditions set forth in this Agreement and the
applicable Issuer LC Agreement, if any, to issue Financial Letters of

- 36 -

 

Credit and Performance
Letters of Credit (each, a “Facility LC”) and to renew, extend, increase, decrease
or otherwise modify each Facility LC (“Modify” and each such action, a
“Modification”), from time to time from and including the Original Effective Date
and prior to the fifteenth Business Day prior to the 2012 Termination Date upon the request
of the Borrower; subject to the conditions that, immediately after each such Facility LC is
issued or Modified and after giving effect to any reductions or increases in Commitments and
Outstanding Credit Exposures scheduled to occur on the date on which each such Facility LC
is issued or Modified, (i) the Aggregate Outstanding Credit Exposure shall not exceed the
Aggregate Commitment and (ii) (x) at no time prior to the 2010 Termination Date may the sum
of the aggregate undrawn stated amount of all outstanding Facility LCs that expire after the
fifth Business Day prior to the 2010 Termination Date plus the aggregate amount of the 2011
Lenders’ and 2012 Lenders’ Pro Rata Shares of all Loans (including Swing Line Loans) exceed
the aggregate amount of the Commitments of all of the 2011 Lenders and 2012 Lenders and
(y) at no time prior to the 2011 Termination Date may the sum of the aggregate undrawn
stated amount of all outstanding Facility LCs that expire after the fifth Business Day prior
to the 2011 Termination Date plus the aggregate amount of the 2012 Lenders’ Pro Rata Shares
of all Loans (including Swing Line Loans) exceed the aggregate amount of the Commitments of
all of the 2012
Lenders. No Facility LC issued on or after the Original Effective Date shall have an
expiry date later than the fifth Business Day prior to the 2012 Termination Date.

     2.19.2 Participations. Immediately upon the issuance or Modification by an
Issuer of a Facility LC in accordance with this Section 2.19, such Issuer shall be
deemed, without further action by any party hereto, to have unconditionally and irrevocably
sold to each Lender, and each Lender shall be deemed, without further action by any party
hereto, to have unconditionally and irrevocably purchased from such Issuer, an undivided
interest and participation in such Facility LC (and each Modification thereof and the
related LC Obligations in proportion to its Pro Rata Share), the Obligations of the Borrower
in respect thereof, and the liability of such Issuer thereunder, in an amount equal to such
Lender’s Pro Rata Share of the full amount of such Facility LC.

     2.19.3 Notice. Subject to Section 2.19.1, the Borrower shall give the
applicable Issuer and the Agent, notice prior to 10:00 a.m. New York, New York time at least
five Business Days prior to the proposed date of issuance or Modification of each Facility
LC, specifying the beneficiary, the proposed date of issuance (or Modification) and the
expiry date of such Facility LC, and describing the proposed terms of such Facility LC and
the nature of the transactions proposed to be supported thereby. Upon receipt of such
notice, such Issuer shall promptly notify the Agent, and the Agent shall promptly notify
each Lender, of the contents thereof and of the amount of such Lender’s participation in
such proposed Facility LC. The issuance or Modification by such Issuer of any Facility LC
shall, in addition to the conditions precedent set forth in Article IV (the
satisfaction of which such Issuer shall have no duty to ascertain), be subject to the
conditions precedent that such Facility LC shall be satisfactory to such Issuer and that the
Borrower shall have executed and delivered such application agreement and/or such other
instruments and agreements relating to such Facility LC as such Issuer shall have reasonably
requested (each, a “Facility LC Application”). In the event of any conflict between
the terms of this

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Agreement and the terms of any Facility LC Application, the terms of this
Agreement shall control.

     2.19.4 LC Fees. The Borrower shall pay to the Agent, for the account of the
Lenders ratably in accordance with their respective Pro Rata Shares, a fee on the amount of
each Facility LC available for drawing at a per annum rate equal to the Applicable LC Fee
Rate, such fee to be payable in quarterly arrears to the Agent for the ratable benefit of
the Lenders (including each Issuer), plus (without duplication of the fees provided for in
connection with the Fronting Fee (as defined below)), documentation and processing charges
and other standard costs of issuance (such fee an “LC Fee”). The Borrower shall
also pay to each Issuer for its own account (a) quarterly in arrears, a fronting fee (the
“Fronting Fee”) at a rate per annum equal to .125% per annum (or as otherwise agreed
in the applicable Issuer LC Agreement, if any) on the amount of each Facility LC issued by
such Issuer available for drawing, and (b) documentary and processing charges in connection
with the issuance or Modification of and draws under Facility LCs in accordance with such
Issuer’s standard schedule for such charges as in effect from time to time with respect to
the issuance, amendment, cancellation, negotiation or transfer of each Letter of Credit and
each drawing made thereunder. For purposes of calculating the LC Fee and Fronting Fees
hereunder, the face amount of each Facility LC made in an
Agreed Currency other than Dollars shall be at any time the Dollar Amount of such
Facility LC as determined on the most recent Computation Date with respect to such Facility
LC.

     2.19.5 Administration, Reimbursement by Lenders. Upon receipt from the
beneficiary of any Facility LC of any demand for payment under such Facility LC, the
applicable Issuer shall notify the Agent and the Agent shall promptly notify the Borrower
and each other Lender as to the amount to be paid by such Issuer as a result of such demand
and the proposed payment date (the “LC Payment Date”). The responsibility of each
Issuer to the Borrower and each Lender shall be only to determine that the documents
(including each demand for payment) delivered under each Facility LC issued by such Issuer
in connection with such presentment shall be in conformity in all material respects with
such Facility LC. Each Issuer shall endeavor to exercise the same care in the issuance and
administration of the Facility LCs issued by it as it does with respect to letters of credit
in which no participations are granted, it being understood that in the absence of any gross
negligence or willful misconduct by such Issuer, each Lender shall be unconditionally and
irrevocably liable without regard to the occurrence of any Default or any condition
precedent whatsoever, to reimburse such Issuer on demand for (a) such Lender’s Pro Rata
Share of the Dollar Amount of each payment made by such Issuer under each Facility LC (such
Dollar Amount to be determined at the time of such payment by such Issuer) to the extent
such amount is not reimbursed by the Borrower pursuant to Section 2.19.6 below,
plus (b) interest on the foregoing amount to be reimbursed by such Lender, for each
day from the date of such Issuer’s demand for such reimbursement (or, if such demand is made
after 10:00 a.m. New York, New York time on such date, from the next succeeding Business
Day) to the date on which such Lender pays the amount to be reimbursed by it, at a rate of
interest per annum equal to the Federal Funds Effective Rate for the first three days and,
thereafter, at a rate of interest equal to the rate applicable to Floating Rate Advances.

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     2.19.6 Reimbursement by Borrower. The Borrower shall be irrevocably and
unconditionally obligated to reimburse each Issuer on or before the applicable LC Payment
Date for the Dollar Amount to be paid by such Issuer upon any drawing under any Facility LC
such Dollar Amount to be determined at the time of such payment by such Issuer, without
presentment, demand, protest or other formalities of any kind, in the currency in which such
Facility LC was issued; provided that neither the Borrower nor any Lender shall hereby be
precluded from asserting any claim for direct (but not consequential) damages suffered by
the Borrower or such Lender to the extent, but only to the extent, caused by (a) the willful
misconduct or gross negligence of such Issuer in determining whether a request presented
under any Facility LC issued by it complied with the terms of such Facility LC or (b) such
Issuer’s failure to pay under any Facility LC issued by it after the presentation to it of a
request strictly complying with the terms and conditions of such Facility LC. All
outstanding Reimbursement Obligations not paid in full on the applicable LC Payment Date
shall bear interest, payable on demand, for each day until paid at a rate per annum equal to
the sum of 2% plus the rate applicable to Floating Rate Advances for such day. Each Issuer
will pay to each Lender ratably in accordance with its Pro Rata Share the Dollar Amount of
all amounts received by it from the Borrower for application in payment, in whole or in
part, of the Reimbursement
Obligation in respect of any Facility LC issued by such Issuer, but only to the extent
such Lender has made payment to such Issuer in respect of such Facility LC pursuant to
Section 2.19.5. Subject to the terms and conditions of this Agreement (including
without limitation the submission of a Borrowing Notice in compliance with
Section 2.8 and the satisfaction of the applicable conditions precedent set forth in
Article IV), the Borrower may request an Advance hereunder for the purpose of
satisfying any Reimbursement Obligation.

     2.19.7 Obligations Absolute. The Borrower’s obligations under this
Section 2.19 shall be absolute and unconditional under any and all circumstances and
irrespective of any setoff, counterclaim or defense to payment that the Borrower may have or
have had against any Issuer, any Lender or any beneficiary of a Facility LC. The Borrower
further agrees with each Issuer and each Lender that the Issuers and the Lenders shall not
be responsible for, and the Borrower’s Reimbursement Obligation in respect of any Facility
LC shall not be affected by, among other things, the validity or genuineness of documents or
of any endorsements thereon, even if such documents should in fact prove to be in any or all
respects invalid, fraudulent or forged, or any dispute between or among the Borrower, any of
its Affiliates, the beneficiary of any Facility LC or any financing institution or other
party to whom any Facility LC may be transferred or any claims or defenses whatsoever of the
Borrower or of any of its Affiliates against the beneficiary of any Facility LC or any such
transferee. No Issuer shall be liable for any error, omission, interruption or delay in
transmission, dispatch or delivery of any message or advice, however transmitted, in
connection with any Facility LC. The Borrower agrees that any action taken or omitted by
any Issuer or any Lender under or in connection with each Facility LC and the related drafts
and documents, if done without gross negligence or willful misconduct, shall be binding upon
the Borrower and shall not put any Issuer or any Lender under any liability to the Borrower.
Nothing in this Section 2.19.7 is intended to limit the right of the Borrower to
make a claim against any Issuer for damages as contemplated by the proviso to the first
sentence of Section 2.19.6.

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     2.19.8 Actions of Issuer. Each Issuer shall be entitled to rely, and shall be
fully protected in relying, upon any Facility LC, draft, writing, resolution, notice,
consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype
message, statement, order or other document believed by it to be genuine and correct and to
have been signed, sent or made by the proper Person or Persons, and upon advice and
statements of legal counsel, independent accountants and other experts selected by such
Issuer. Each Issuer shall be fully justified in failing or refusing to take any action
under this Agreement unless it shall first have received such advice or concurrence of the
Required Lenders as it reasonably deems appropriate or it shall first be indemnified to its
reasonable satisfaction by the Lenders against any and all liability and expense which may
be incurred by it by reason of taking or continuing to take any such action.
Notwithstanding any other provision of this Section 2.19, each Issuer shall in all
cases be fully protected in acting, or in refraining from acting, under this Agreement in
accordance with a request of the Required Lenders, and such request and any action taken or
failure to act pursuant thereto shall be binding upon the Lenders and any future holders of
a participation in any Facility LC.

     2.19.9 Indemnification. The Borrower hereby agrees to indemnify and hold
harmless each Lender, each Issuer and the Agent, and their respective directors, officers,
agents and employees from and against any and all claims and damages, losses, liabilities,
costs or expenses which such Lender, such Issuer or the Agent may incur (or which may be
claimed against such Lender, such Issuer or the Agent by any Person whatsoever) by reason of
or in connection with the issuance, execution and delivery or transfer of or payment or
failure to pay under any Facility LC or any actual or proposed use of any Facility LC,
including, without limitation, any claims, damages, losses, liabilities, costs or expenses
which such Issuer may incur by reason of or in connection with (a) the failure of any other
Lender to fulfill or comply with its obligations to such Issuer hereunder (but nothing
herein contained shall affect any rights the Borrower may have against any defaulting
Lender) or (b) by reason of or on account of such Issuer issuing any Facility LC which
specifies that the term “Beneficiary” included therein includes any successor by
operation of law of the named Beneficiary, but which Facility LC does not require that any
drawing by any such successor Beneficiary be accompanied by a copy of a legal document,
satisfactory to such Issuer, evidencing the appointment of such successor Beneficiary,
provided that the Borrower shall not be required to indemnify any Lender, any Issuer or the
Agent for any claims, damages, losses, liabilities, costs or expenses to the extent, but
only to the extent, caused by (i) the willful misconduct or gross negligence of any Issuer
or (ii) any Issuer’s failure to pay under any Facility LC after the presentation to it of a
request strictly complying with the terms and conditions of such Facility LC. Nothing in
this Section 2.19.9 is intended to limit the obligations of the Borrower under any
other provision of this Agreement.

     2.19.10 Lenders’ Indemnification. Each Lender shall, ratably in accordance
with its Pro Rata Share (determined at the time such indemnity is sought), indemnify each
Issuer, its affiliates and their respective directors, officers, agents and employees (to
the extent not reimbursed by the Borrower) against any cost, expense (including reasonable
counsel fees and disbursements), claim, demand, action, loss or liability (except such as
result from such indemnitees’ gross negligence or willful misconduct or such Issuer’s

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failure to pay under any Facility LC after the presentation to it of a request strictly
complying with the terms and conditions of the Facility LC) that such indemnitees may suffer
or incur in connection with this Section 2.19 or any action taken or omitted by such
indemnitees hereunder.

     2.19.11 Facility LC Collateral Account. The Borrower agrees that it will, upon
the request of the Agent or the Required Lenders and until the final expiration date of any
Facility LC and thereafter as long as any amount is payable to any Issuer or the Lenders in
respect of any Facility LC, maintain a special interest bearing collateral account pursuant
to arrangements satisfactory to the Agent (the “Facility LC Collateral Account”) at
the Agent’s office at the address specified pursuant to Article III, in the name of
the Borrower but under the sole dominion and control of the Agent, for the benefit of the
Lenders and in which such Borrower shall have no interest other than as set forth in
Section 8.1. The Borrower hereby pledges, assigns and grants to the Agent, on
behalf of and for the ratable benefit of the Lenders and the Issuers, a security interest in
all of the Borrower’s right, title and interest in and to all funds which may from time to
time be on deposit in the Facility LC Collateral Account to secure the prompt and
complete payment and performance of the Obligations. Nothing in this
Section 2.19.11 shall either obligate the Agent to require the Borrower to deposit
any funds in the Facility LC Collateral Account or limit the right of the Agent to release
any funds held in the Facility LC Collateral Account in each case other than as required by
Section 8.1.

     2.19.12 Rights as a Lender. In its capacity as a Lender, an Issuer shall have
the same rights and obligations as any other Lender.

     2.19.13 Agreed Currency Provisions. The Agent will determine the Dollar Amount
of the LC Obligations as of (a) the date five Business Days prior to the proposed date of
issuance or Modification and (b) on and as of the last Business Day of each fiscal quarter
of the Borrower and on any other Business Day at the Agent’s reasonable discretion or upon
instruction by the Required Lenders. Each day upon or as of which the Agent determines
Dollar Amounts as described in the preceding clauses (a) and (b) is herein described as a
“Computation Date”. If at any time the Dollar Amount of the sum of the aggregate principal
amount of all outstanding LC Obligations (calculated, with respect to those LC Obligations
denominated in Agreed Currencies other than Dollars, as of the most recent Computation Date)
exceeds the Aggregate Facility LC Commitment at any time, the Borrower shall immediately
make deposits to the Facility LC Collateral Account to the extent of the Collateral
Shortfall Amount.

     2.19.14 Termination and Re-allocation of Facility LC Participations on Fifth
Business Day prior to the 2010 Termination Date or 2011 Termination Date.
Notwithstanding anything contained in this Agreement or any other Loan Document to the
contrary, on the fifth Business Day prior to (x) the 2010 Termination Date, in the case of
the 2010 Lenders and (y) the 2011 Termination Date, in the case of the 2011 Lenders, the
respective interests and participations of the 2010 Lenders and 2011 Lenders in the Facility
LCs outstanding as at the fifth Business Day prior to the 2010 Termination Date or 2011
Termination Date, as the case may be, shall automatically terminate and (i) from and after
the fifth Business Day prior to the 2010 Termination Date or 2011 Termination

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Date, as
applicable, the 2010 Lenders and 2011 Lenders shall have no liability arising from, relating
to, in connection with or otherwise in respect of, such interests and participations or any
Facility LCs, and (ii) such interests and participations in outstanding Facility LCs shall
thereupon automatically and without further action be re-allocated to the extent necessary
such that the interests and participations in such Facility LCs shall be held by the
remaining Lenders ratably in proportion to their respective Pro Rata Shares (determined
after giving effect to the termination of the interests and participations of the 2010
Lenders and 2011 Lenders on the fifth Business Day prior to the applicable Facility
Termination Date, with all such terminations of interests and participations being treated
as reductions in Commitments solely for the purposes of this calculation).

     2.20 Replacement of Lender. If the Borrower is required pursuant to Section 3.1,
Section 3.2 or Section 3.5 to make any additional payment to any Lender or if any Lender’s
obligation to make or continue, or to convert Floating Rate Advances into, Eurodollar Advances
shall be suspended pursuant to Section 3.3 or if any Lender shall become a Defaulting Lender (any
Lender so affected or
becoming a Defaulting Lender, an “Affected Lender”), the Borrower may elect, with the consent
of the Issuers and the Swing Line Lender (each consent not to be unreasonably withheld), if such
amounts continue to be charged, such suspension is still effective or such Lender continues to be a
Defaulting Lender, to replace such Affected Lender as a Lender party to this Agreement, provided
that no Default or Unmatured Default shall have occurred and be continuing at the time of such
replacement, and provided further that, concurrently with such replacement, (a) another bank or
other entity which is reasonably satisfactory to the Borrower and the Agent shall agree, as of such
date, to purchase for cash the Advances and other Obligations due to the Affected Lender pursuant
to an assignment substantially in the form of Exhibit 12.3.1 and to become a Lender for all
purposes under this Agreement and to assume all obligations of the Affected Lender which as to the
Affected Lender shall be terminated as of such date and to comply with the requirements of
Section 12.3 applicable to assignments, and (b) the Borrower shall pay to such Affected Lender in
same day funds on the day of such replacement all interest, fees and other amounts then accrued but
unpaid to such Affected Lender by the Borrower hereunder to and including the date of termination,
including without limitation payments due to such Affected Lender under Section 3.1, Section 3.2
and Section 3.5.

     2.21 Increase of the Commitments.

     (a) Subject to Section 2.21(b) below, the amount of the Aggregate Facility LC
Commitment may be increased up to an amount (immediately after giving effect to such
increase) not to exceed the difference of (x) $1,614,000,000 minus (y) the Aggregate
Facility LC Commitment on the Restatement Effective Date minus (z) the aggregate
amount of all outstanding Supplemental Credit Facilities permitted by
Section 6.11(p), at the request of the Borrower from time to time as follows:
(i) the Borrower shall designate one or more financial institutions acceptable to the Agent
(which acceptance will not be unreasonably withheld), to assume Facility LC Commitments in
an aggregate amount equal to the amount of such increase and (ii) on the date that such
increase becomes effective, Revolving Credit Loans shall be repaid and/or borrowed to the
extent necessary such that they shall be held by the Lenders ratably in proportion to their
respective Pro Rata Shares (determined after giving effect to such designations). In the
event of the designation by the Borrower of a financial institution pursuant to clause (i)
of the

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preceding sentence (each financial institution being so designated being referred to
herein as an “Assuming Lender”), and subject to the execution and delivery to the
Agent by the Borrower and such Assuming Lender of documentation satisfactory to the Agent in
its reasonable discretion to effect such designation: (x) such Assuming Lender shall become
(or, if such Assuming Lender was theretofore a Lender shall continue as) a Lender having a
Facility LC Commitment equal to the amount of such increase allocated to such Assuming
Lender in such designation (plus, if such Assuming Lender was theretofore a Lender, the
amount of the Facility LC Commitment held by such Assuming Lender immediately prior to such
designation) and (y) the participations in outstanding Facility LCs and Reimbursement
Obligations shall thereupon automatically and without further action be re-allocated all to
the extent necessary such that the participations in such Facility LCs and Reimbursement
Obligations shall be held by the Lenders ratably in
proportion to their respective Pro Rata Shares (determined after giving effect to such
designations). In no event shall any Lender be required to become an Assuming Lender.

     (b) The Borrower shall furnish to the Agent, each in form and substance satisfactory to
the Agent and to the extent required by the title insurance company: (i) evidence that any
amendment to the Mortgages to reflect the increase in Commitments pursuant to the Lender
Addenda shall have been made, within 30 days after the date of such increase in Commitments
and (ii) evidence satisfactory to the Agent that date down endorsements or the functional
equivalent thereof, current to the date of the amendments to the Mortgages that reflect the
increase in Commitments pursuant to the Lender Addenda, are issued in connection with each
of the existing Mortgage Policies issued, within 60 days after the date of such increase in
Commitments; provided that the Agent shall be able to grant extensions in its sole
discretion for the date down endorsements or functional equivalent thereof for the
Mortgages. The failure of the Borrower to furnish any document in clauses (i) and
(ii) above within the time frames noted above shall constitute a Default under the Credit
Agreement and any other Loan Document.

     (c) Each increase in the Aggregate Facility LC Commitment pursuant to Section 2.21(a)
shall automatically and simultaneously increase the Aggregate Commitment by the same amount.

     2.22 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) fees shall cease to accrue on the unfunded portion of the Commitment of such
Defaulting Lender pursuant to Sections 2.5 and 2.19.4, or as otherwise accruing under this
Agreement;

     (b) in determining whether all Lenders or the Required Lenders have taken or may take
any action hereunder (including any consent to any amendment or waiver pursuant to
Section 8.2), such Defaulting Lender shall be deemed to have taken or withheld the same such
action as the Lenders holding a majority of the Pro Rata Shares (calculated without regard
to the Commitments and Pro Rata Shares of Defaulting Lenders) shall have taken or withheld,
as the case may be, provided that any waiver,

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amendment or modification requiring the
consent of all Lenders or each affected Lender (x) pursuant to Section 8.2(a)(i), (ii) or
(iv) or (y) which affects such Defaulting Lender differently than other Lenders shall
require the consent of such Defaulting Lender;

     (c) if any Outstanding Credit Exposure exists at the time a Lender becomes a Defaulting
Lender then:

     (i) all or any part of such Lender’s Outstanding Credit Exposure in respect of
LC Obligations and Swing Line Loans shall be reallocated among the non-Defaulting
Lenders in accordance with their respective Pro Rata Shares but only to the extent
that (x) the sum of all non-Defaulting Lenders’ Outstanding
Credit Exposure (after giving effect to such reallocation) does not exceed the
total of all non-Defaulting Lenders’ Commitments and (y) the conditions set forth in
Section 4.2 are satisfied at such time; and

     (ii) if the reallocation described in clause (i) above cannot, or can only
partially, be effected, the Borrower shall within one Business Day following notice
by the Agent cash collateralize such Defaulting Lender’s Outstanding Credit Exposure
in respect of LC Obligations and Swing Line Loans, if any, (after giving effect to
any partial reallocation pursuant to clause (i) above) in accordance with the
procedures set forth in Section 8.1(a) for so long as such Defaulting Lender’s
Outstanding Credit Exposure is outstanding (for the purposes of this clause (ii),
any such Outstanding Credit Exposure in respect of Swing Line Loans will be added to
“LC Obligations” pursuant to clause (i) of Section 8.1(a));

     (iii) if the Borrower cash collateralizes any portion of such Defaulting
Lender’s Outstanding Credit Exposure in respect of LC Obligations and Swing Line
Loans pursuant to Section 2.22(c)(ii), the Borrower shall not be required to pay any
fees to such Defaulting Lender pursuant to Section 2.19.4 with respect to such cash
collateralized Outstanding Credit Exposure so long as such Outstanding Credit
Exposure is cash collateralized;

     (iv) if the Outstanding Credit Exposure in respect of LC Obligations and Swing
Line Loans, of the non-Defaulting Lenders is reallocated pursuant to Section
2.22(c)(i), then the fees payable to the Lenders pursuant to Section 2.5 and Section
2.19.4 shall be adjusted ratably in accordance with such non-Defaulting Lenders’ Pro
Rata Share; and

     (v) if any Defaulting Lender’s Outstanding Credit Exposure in respect of LC
Obligations and Swing Line Loans is neither cash collateralized nor reallocated
pursuant to Section 2.22(c)(i) or (ii), then, without prejudice to any rights or
remedies of any Issuer or Lender hereunder, all commitment fees that otherwise would
have been payable to such Defaulting Lender (solely with respect to the portion of
such Defaulting Lender’s Commitment that was utilized by such Outstanding Credit
Exposure in respect of LC Obligations and Swing Line Loans, if any,) and LC Fees
payable under Section 2.19.4 with respect to such Defaulting Lender’s Outstanding
Credit Exposure in respect of LC

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Obligations and Swing Line Loans, if any, shall be
payable to such Issuer until such Outstanding Credit Exposure is cash collateralized
and/or reallocated;

     (d) so long as any Lender is a Defaulting Lender, the Swing Line Lender shall not be
required to fund any Swing Line Loan and no Issuer shall be required to issue, amend or
increase any Facility LC, unless it is satisfied that the related exposure will be 100%
covered by the Commitments of the non-Defaulting Lenders and/or cash collateral will be
provided by the Borrower in accordance with Section 2.22(c)(ii), and participating interests
in any such newly issued or increased Facility LC or newly made Swing Line Loan shall be
allocated among the non-Defaulting Lenders in a manner consistent with Section 2.22(c)(i)
(and Defaulting Lenders shall not participate therein); and

     (e) The Borrower shall not be required to (i) reimburse any Defaulting Lender pursuant
to Section 9.6(a) or otherwise for any costs, charges or expenses paid or incurred
by such Lender in connection with any dispute over or with respect to such Lender’s status
as a Defaulting Lender or (ii) indemnify any Defaulting Lender pursuant to Section
2.19.9 or Section 9.6(b) to the extent that such indemnification obligation
relates to such Lender’s status as a Defaulting Lender.

In the event that the Agent, the Borrower, the Issuers and the Swing Line Lender each agrees that a
Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting
Lender, then (x) the Outstanding Credit Exposure of the Lenders in respect of LC Obligations and
Swing Line Loans shall be readjusted to reflect the inclusion of such Lender’s Commitment and on
such date such Lender shall purchase at par such of the Loans of the other Lenders (other than
Swing Line Loans) as the Agent shall determine may be necessary in order for such Lender to hold
such Loans in accordance with its Pro Rata Share, (y) all cash collateral provided by the Borrower
under Section 2.22(c)(ii) shall be returned to it and (z) the Borrower shall no longer be
required to provide cash collateral under Section 2.22(c)(ii) unless and until the
circumstances described therein requiring such cash collateral thereafter occur.

ARTICLE III

YIELD PROTECTION; TAXES

     3.1 Yield Protection.

     (a) If any law or any governmental or quasi-governmental rule, regulation, policy,
guideline or directive (whether or not having the force of law), or any interpretation or
administration thereof by any governmental or quasi-governmental authority, central bank or
comparable agency charged with the interpretation or administration thereof, or compliance
by any Lender or applicable Lending Installation with any request or directive (whether or
not having the force of law) of any such authority, central bank or comparable agency:

     (i) subjects any Lender or any applicable Lending Installation or any Issuer to
any Taxes, or changes the basis of taxation of payments (other than with

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respect to
Excluded Taxes) to any Lender or any Issuer in respect of its Eurodollar Loans,
Facility LCs or participations therein, or

     (ii) imposes or increases or deems applicable any reserve, assessment,
insurance charge, special deposit or similar requirement against assets of, deposits
with or for the account of, or credit extended by, any Lender or any applicable
Lending Installation or any Issuer (other than reserves and assessments taken into
account in determining the interest rate applicable to Eurodollar Advances), or

     (iii) imposes any other condition the result of which is to increase the cost
to any Lender or any applicable Lending Installation or any Issuer of making,
funding or maintaining its Eurodollar Loans, or of issuing or participating in
Facility LCs, or reduces any amount receivable by any Lender or any applicable
Lending Installation or any Issuer in connection with its Eurodollar Loans, Facility
LCs or participations therein, or requires any Lender or any applicable Lending
Installation or any Issuer to make any payment calculated by reference to the amount
of Eurodollar Loans, Facility LCs or participations therein held or interest or LC
Fees received by it, by an amount deemed material by such Lender or any Issuer as
the case may be,

and the result of any of the foregoing is to increase the cost to such Lender or applicable Lending
Installation or such Issuer, as the case may be, of making or maintaining its Eurodollar Loans,
Commitment, or of issuing or participating in Facility LCs or to reduce the return received by such
Lender or applicable Lending Installation or such Issuer, as the case may be, in connection with
such Eurodollar Loans, Commitment, Facility LCs or participations therein, then, within 10 days of
demand by such Lender or such Issuer, as the case may be, the Borrower shall pay such Lender or
such Issuer, as the case may be, such additional amount or amounts as will compensate such Lender
or such Issuer, as the case may be, for such increased cost or reduction in amount received. A
Lender claiming compensation under this section shall notify the Borrower in writing of such claim,
and shall only be entitled to compensation under this Section 3.1 for increased costs
occurring (A) from and after the date of such notice until the events giving rise to such claim
have ceased to exist, and (B) during the one hundred twenty (120) day period preceding the date the
Borrower receives notice from Agent or such Lender setting forth the described claim for
compensation.

     (b) Borrower may, if obligated to make a payment under this Section 3.1,
require the Lender(s) collecting such payment to (i) to the extent reasonably possible,
change its Lending Installation to a different location so as to minimize such payment
obligation, so long as such designation would not, in the judgment of such Lender, result in
an increase in costs to such Lender or would otherwise be disadvantageous to such Lender, or
(ii) sell its interests herein to a Lender or other Person reasonably satisfactory to Agent
in accordance with Section 12.3.

     3.2 Changes in Capital Adequacy Regulations.

     (a) If a Lender or an Issuer determines the amount of capital required or expected to
be maintained by such Lender or such Issuer, any Lending Installation of

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such Lender or such
Issuer, or any corporation controlling such Lender or such Issuer is increased as a result
of a Change, then, within 10 days of demand by such Lender or such Issuer, the Borrower
shall pay such Lender or such Issuer the amount necessary to compensate for any shortfall in
the rate of return on the portion of such increased capital which such Lender or such Issuer
determines is attributable to this Agreement, its Outstanding Credit Exposure or its
Commitment to make Loans and issue or participate in Facility LCs, as the case may be,
hereunder (after taking into account such Lender’s or such Issuer’s policies as to capital
adequacy). “Change” means (i) any change after the Restatement Effective Date in
the Risk-Based Capital Guidelines or (ii) any adoption of or change in any other law,
governmental or quasi-governmental rule, regulation, policy,
guideline, interpretation, or directive (whether or not having the force of law) after
the Restatement Effective Date which affects the amount of capital required or expected to
be maintained by any Lender or any Issuer or any Lending Installation or any corporation
controlling any Lender or any Issuer. “Risk-Based Capital Guidelines” means (i) the
risk-based capital guidelines of any court, central bank, regulator or other governmental
authority that are in effect in the United States on the Restatement Effective Date,
including transition rules, and (ii) the corresponding capital regulations promulgated by
regulatory authorities outside the United States implementing the July 1988 report of the
Basle Committee on Banking Regulation and Supervisory Practices Entitled “International
Convergence of Capital Measurements and Capital Standards,” including transition rules,
and any amendments to such regulations adopted prior to the Restatement Effective Date. A
Lender claiming compensation under this section shall notify the Borrower in writing of such
claim, and shall only be entitled to compensation under this Section 3.2 for
increased costs as a result of a Change occurring (A) from and after the date of such notice
until the events giving rise to such claim have ceased to exist, and (B) during the one
hundred twenty (120) day period preceding the date the Borrower receives notice from Agent
or such Lender setting forth the described claim for compensation resulting from such
Change.

     (b) Borrower may, if obligated to make a payment under this Section 3.2,
require the Lender(s) collecting such payment to (i) to the extent reasonably possible,
change its Lending Installation to a different location so as to minimize such payment
obligation, so long as such designation is not, in the judgment of such Lender,
disadvantageous to such Lender, or (ii) sell its interests herein to a Lender or other
Person reasonably satisfactory to Agent in accordance with Section 12.3.

     3.3 Availability of Types of Advances. If any Lender determines that maintenance of
its Eurodollar Loans at a suitable Lending Installation would violate any applicable law, rule,
regulation, or directive, whether or not having the force of law, or if the Required Lenders of any
Class determines before the commencement of any Interest Period for Eurodollar Advances to be made
or continued by them or converted from Floating Rate Advances held by them that (a) deposits of a
type and maturity appropriate to match fund such Eurodollar Advances are not available or (b) the
interest rate applicable to such Eurodollar Advances does not accurately reflect the cost of making
or maintaining such Eurodollar Advances, then, for so long as such circumstances continue, the
Agent, on behalf of the affected Class of Lenders, shall suspend the availability of Eurodollar
Advances from such Class of Lenders for such Interest Period and require any affected outstanding
Eurodollar Advances held by such Class of Lenders to be

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converted to Floating Rate Advances on the
last days of the respective Interest Periods for such affected outstanding Eurodollar Advances.

     3.4 Funding Indemnification. If (i) any payment, conversion or (pursuant to
Section 2.20) assignment of a Eurodollar Advance occurs on a date which is not the last day of the
applicable Interest Period, whether because of acceleration, prepayment or otherwise or (ii) any
Loan is not made, prepaid or continued on the date specified by the Borrower for any reason other
than default by the Lenders,
then the Borrower will indemnify each Lender for any loss or cost incurred by it resulting
therefrom, including, without limitation, any loss or cost in liquidating or employing deposits
acquired to fund or maintain such Eurodollar Advance.

     3.5 Taxes.

     (a) All payments by the Borrower to or for the account of any Lender, any Issuer or the
Agent hereunder or under any Note or Facility LC Application shall be made free and clear of
and without deduction for any and all Taxes. If the Borrower shall be required by law to
deduct any Taxes from or in respect of any sum payable hereunder to any Lender, any Issuer
or the Agent, (i) the sum payable shall be increased as necessary so that after making all
required deductions (including deductions applicable to additional sums payable under this
Section 3.5) such Lender, any Issuer or the Agent (as the case may be) receives an
amount equal to the sum it would have received had no such deductions been made, (ii) the
Borrower shall make such deductions, (iii) the Borrower shall pay the full amount deducted
to the relevant authority in accordance with applicable law and (iv) the Borrower shall
furnish to the Agent the original copy of a receipt evidencing payment thereof within
30 days after such payment is made.

     (b) In addition, the Borrower hereby agrees to pay any present or future stamp or
documentary taxes and any other excise or property taxes, charges or similar levies which
arise from any payment made hereunder or under any Note or Facility LC Application or from
the execution or delivery of, or otherwise with respect to, this Agreement or any Note or
Facility LC Application (“Other Taxes”).

     (c) The Borrower hereby agrees to indemnify the Agent, each Issuer and each Lender for
the full amount of Taxes or Other Taxes (including, without limitation, any Taxes or Other
Taxes imposed on amounts payable under this Section 3.5) paid by the Agent, each
Issuer or such Lender and any liability (including penalties, interest and expenses) arising
therefrom or with respect thereto. Payments due under this indemnification shall be made
within 30 days of the date the Agent or such Lender makes demand therefor pursuant to
Section 3.6.

     (d) Each Lender that is not incorporated under the laws of the United States of America
or a state thereof (each, a “Non-U.S. Lender”) agrees that it will, not less than
ten Business Days after the date it becomes a Lender, (i) deliver to each of the Borrower
and the Agent two duly completed copies of United States Internal Revenue Service
Form W-8BEN or W-8ECI or replacement or successor forms as the case may be, certifying in
either case that such Lender is entitled to receive payments under this Agreement without
deduction or withholding of any United States federal income taxes,

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and (ii) deliver to each
of the Borrower and the Agent a United States Internal Revenue Form W-8 or W-9 when it
becomes a Lender, as the case may be, and certify that it is entitled to an exemption from
United States backup withholding tax. Each Non-U.S. Lender further undertakes to deliver to
each of the Borrower and the Agent (A) renewals or additional copies of such form (or any
successor form) on or before the
date that such form expires or becomes obsolete, and (B) after the occurrence of any
event requiring a change in the most recent forms so delivered by it, such additional forms
or amendments thereto as may be reasonably requested by the Borrower or the Agent. All
forms or amendments described in the preceding sentence shall certify that such Lender is
entitled to receive payments under this Agreement without deduction or withholding of any
United States federal income taxes, unless an event (including without limitation any change
in treaty, law or regulation) has occurred prior to the date on which any such delivery
would otherwise be required which renders all such forms inapplicable or which would prevent
such Lender from duly completing and delivering any such form or amendment with respect to
it and such Lender advises the Borrower and the Agent that it is not capable of receiving
payments without any deduction or withholding of United States federal income tax.

     (e) For any period during which a Non-U.S. Lender has failed to provide the Borrower
with an appropriate form pursuant to Section 3.5(c) above (unless such failure is
due to a change in treaty, law or regulation, or any change in the interpretation or
administration thereof by any governmental authority, occurring subsequent to the date on
which a form originally was required to be provided), such Non-U.S. Lender shall not be
entitled to indemnification under this Section 3.5 with respect to Taxes imposed by
the United States; provided that, should a Non-U.S. Lender which is otherwise exempt from or
subject to a reduced rate of withholding tax become subject to Taxes because of its failure
to deliver a form required under Section 3.5(c) above, the Borrower shall take such
steps as such Non-U.S. Lender shall reasonably request to assist such Non-U.S. Lender to
recover such Taxes.

     (f) Any Lender that is entitled to an exemption from or reduction of withholding tax
with respect to payments under this Agreement or any Note pursuant to the law of any
relevant jurisdiction or any treaty shall deliver to the Borrower (with a copy to the
Agent), at the time or times prescribed by applicable law, such properly completed and
executed documentation prescribed by applicable law as will permit such payments to be made
without withholding or at a reduced rate.

     (g) If the U.S. Internal Revenue Service or any other governmental authority of the
United States or any other country or any political subdivision thereof asserts a claim that
the Agent did not properly withhold tax from amounts paid to or for the account of any
Lender (because the appropriate form was not delivered or properly completed, because such
Lender failed to notify the Agent of a change in circumstances which rendered its exemption
from withholding ineffective, or for any other reason), such Lender shall indemnify the
Agent fully for all amounts paid, directly or indirectly, by the Agent as tax, withholding
therefor, or otherwise, including penalties and interest, and including taxes imposed by any
jurisdiction on amounts payable to the Agent under this subsection, together with all costs
and expenses related thereto (including attorneys fees

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and time charges of attorneys for the
Agent, which attorneys may be employees of the Agent). The obligations of the Lenders under
this Section 3.5(g) shall survive the payment of the Obligations and termination of
this Agreement.

     (h) In the event that Borrower reimburses any Lender or the Agent for any Taxes or pays
any Taxes on any Lender’s or the Agent’s behalf pursuant to this Section 3.5 and
such Lender or Agent thereafter receives any refund or credit of such Taxes, such Lender or
Agent shall promptly pay Borrower the amount, as determined by such Lender in good faith, of
any such refund or credit that was actually received by such Lender as a consequence of such
refund; provided that the Lender shall not be required to make available its tax returns or
any other information relating to its taxes that it deems to be confidential.

     3.6 Lender Statements; Survival of Indemnity. To the extent reasonably possible, each
Lender shall designate an alternate Lending Installation with respect to its Eurodollar Loans to
reduce any liability of the Borrower to such Lender under Section 3.1, Section 3.2 and Section 3.5
or to avoid the unavailability of Eurodollar Advances under Section 3.3, so long as such
designation is not, in the judgment of such Lender, disadvantageous to such Lender. Each Lender
shall deliver a written statement of such Lender to the Borrower (with a copy to the Agent) as to
the amount due, if any, under Section 3.1, Section 3.2, Section 3.4 or Section 3.5. Such written
statement shall set forth in reasonable detail the calculations upon which such Lender determined
such amount and shall be presumed correct in the absence of manifest error. Determination of
amounts payable under such Sections in connection with a Eurodollar Loan shall be calculated as
though each Lender funded its Eurodollar Loan through the purchase of a deposit of the type and
maturity corresponding to the deposit used as a reference in determining the Eurodollar Rate
applicable to such Loan, whether in fact that is the case or not. Unless otherwise provided
herein, the amount specified in the written statement of any Lender shall be payable within 10 days
after receipt by the Borrower of such written statement. The obligations of the Borrower under
Section 3.1, Section 3.2, Section 3.4 and Section 3.5 shall survive payment of the Obligations and
termination of this Agreement.

     3.7 Effect of Yield Protection. The provisions of Section 3.1, Section 3.2,
Section 3.3, Section 3.4, Section 3.5 and Section 3.6 shall be interpreted in the broadest possible
terms to include any costs, payments or reduced income due to taxes, capital adequacy provisions,
reserve requirements and withholding obligations (a) required by law, governmental or
quasi-governmental rule, regulation, policy, guideline or directive (whether or not having the
force of law), or any interpretation or administration thereof by any governmental or
quasi-governmental authority, central bank or comparable agency charged with the interpretation or
administration thereof, (b) as a result of a Change, or (c) due to the payment of any sums on a
date other than the regularly scheduled date. The Borrower does hereby indemnify and hold harmless
the Agent and each Lender for all such costs and does hereby agree to pay same or cover the Agent’s
or any Lender’s expenses or losses in regard to same. The Borrower shall pay such sums to the
Agent or to any Lender as are necessary to mitigate all such items. This obligation is in addition
to all other Obligations of the Borrower hereunder.

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ARTICLE IV

CONDITIONS PRECEDENT

     4.1 Effectiveness. This Agreement shall not be effective until the date that the
following conditions precedent are satisfied:

     (a) Closing Documents. The Borrower shall have furnished the following to the
Agent each in form and substance satisfactory to the Agent and with sufficient copies for
the Lenders, where appropriate, executed by the relevant Person:

     (i) Copies of the articles or certificate of incorporation or organization, as
applicable, of the Borrower and the Guarantors, together with all amendments,
certified by the appropriate governmental officer in such Person’s jurisdiction of
organization or at Borrower’s option, by an appropriate officer of Borrower or the
relevant Subsidiary.

     (ii) Copies, certified by an Authorized Officer acceptable to the Agent of the
Borrower and the Guarantors, as applicable, of their respective by-laws, operating
agreement or other management agreement.

     (iii) Copies, certified by an Authorized Officer acceptable to the Agent of the
Borrower and the Guarantors, as applicable, along with certificates of good standing
and existence or authority to do business as a foreign entity, as applicable, of
resolutions of their respective boards of directors or members and of any other body
authorizing the execution of the Loan Documents to which such Person is a party.

     (iv) Incumbency certificates, executed by an Authorized Officer acceptable to
the Agent of the Borrower and the Guarantors, as applicable, which shall identify by
name and title and bear the signatures of the Authorized Officers and any other
officers or managers of the Borrower and the Guarantors authorized to sign the Loan
Documents to which such Person is a party, upon which certificates the Agent and the
Lenders shall be entitled to rely until informed of any change in writing by the
Borrower.

     (v) A written opinion or opinions of counsel to the Borrower and the
Guarantors, addressed to the Lenders and covering such matters as may be required by
Agent, in form and substance reasonably satisfactory to the Agent.

     (vi) Any Notes requested by a Lender pursuant to Section 2.13 payable
to the order of each such requesting Lender.

     (vii) Such other documents as any Lender or its counsel may have reasonably
requested.

     (b) Fees and Expenses.

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     (i) All fees, costs, and expenses of BNPP and its affiliates (including,
without limitation, legal fees and expenses of counsel to the Agent) to be paid on
the Restatement Effective Date shall have been paid.

     (ii) The Borrower shall have paid to the Agent and BNPPSC, for their respective
accounts, the fees agreed to pursuant to the terms of the Fee Letter, or as
otherwise agreed from time to time.

     (iii) The Borrower shall have paid to the Agent, for respective accounts of
each of the Lenders, the upfront fees set forth in the Confidential Information
Memorandum.

     4.2 Each Credit Extension. In addition to the above, the Lenders shall not be
required to make any Credit Extension unless on the applicable Credit Extension Date:

     (a) There exists no Default or Unmatured Default both before and after giving effect to
such Credit Extension.

     (b) The representations and warranties contained in Article V are true and
correct as of such Credit Extension Date except to the extent any such representation or
warranty is stated to relate solely to an earlier date, in which case such representation or
warranty shall have been true and correct on and as of such earlier date.

     (c) Agent has received a Borrowing Notice.

     (d) All legal matters incidental to the making of such Credit Extension shall be
satisfactory to the Lenders and their counsel.

     (e) Borrower has and has caused the Guarantors to execute and deliver this Agreement to
the Agent.

     4.3 Reaffirmations of Warranties. Each Borrowing Notice or request for issuance of,
extension, renewal or increase in the amount of a Facility LC with respect to each such Credit
Extension shall constitute a representation and warranty by the Borrower that the conditions
contained in Section 4.1 and Section 4.2 have been satisfied. Any Lender may require a duly
completed compliance certificate in substantially the form of Exhibit 6.1(d) as a condition to
making a Credit Extension.

ARTICLE V

REPRESENTATIONS AND WARRANTIES

     The Borrower for itself and each of its Domestic Subsidiaries represents and warrants to the
Lenders that:

     5.1 Existence and Standing. Each of the Borrower and its Subsidiaries is a
corporation, partnership (in the case of Subsidiaries only) or limited liability company duly and
properly incorporated or organized, as the case may be, validly existing and (to the extent such

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concept applies to such entity) in good standing under the laws of its jurisdiction of
incorporation or organization and has all requisite authority to conduct its business in each
jurisdiction in which its business is conducted, except where the failure to so qualify would not
have a Material Adverse Effect.

     5.2 Authorization and Validity. The Borrower and each of its Subsidiaries has the
requisite power and authority and legal right to execute and deliver the Loan Documents to which it
is a party and to perform its obligations thereunder. The execution and delivery by the Borrower
and each of its Subsidiaries of the Loan Documents to which it is a party and the performance of
its respective obligations thereunder have been duly authorized by proper corporate proceedings,
and the Loan Documents to which the Borrower and each of its Subsidiaries is a party constitute
legal, valid and binding obligations of such Person enforceable against such Person in accordance
with their terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws
affecting the enforcement of creditors’ rights generally.

     5.3 No Conflict; Government Consent. Neither the execution and delivery by the
Borrower or any of its Domestic Subsidiaries of any of the Loan Documents to which it is a party,
nor the consummation of the transactions therein contemplated, nor compliance with the provisions
thereof will violate (a) any law, rule, regulation, order, writ, judgment, injunction, decree or
award binding on the Borrower or any of its Material Subsidiaries, except for such violations or
defaults as would not have a Material Adverse Effect or (b) the Borrower’s or any Subsidiary’s
articles or certificate of incorporation, partnership agreement, certificate of partnership,
articles or certificate of organization, by-laws, or operating or other management agreement, as
the case may be, or (c) the provisions of any indenture, instrument or agreement to which the
Borrower or any of its Subsidiaries is a party or is subject, or by which it, or its Property, is
bound, or conflict with or constitute a default thereunder, or result in, or require, the creation
or imposition of any Lien in, of or on the Property of the Borrower or any Subsidiary pursuant to
the terms of any such indenture, instrument or agreement, except for such conflicts, violations or
defaults as would not have a Material Adverse Effect. No order, consent, adjudication, approval,
license, authorization, or validation of, or filing, recording or registration with, or exemption
by, or other action in respect of any governmental or public body or authority, or any subdivision
thereof, which has not been obtained by the Borrower or any of its Domestic Subsidiaries, is
required to be obtained by the
Borrower or any of its Subsidiaries in connection with the execution and delivery of the Loan
Documents, the borrowings under this Agreement, the payment and performance by the Borrower of the
Obligations, the performance by any Material Subsidiary of its obligations under its Guaranty or
the legality, validity, binding effect or enforceability of any of the Loan Documents.

     5.4 Financial Statements. (a) The audited consolidated balance sheet of the Borrower
and its Subsidiaries as at August 31, 2008 and the related consolidated statements of income, cash
flow, and retained earnings of the Borrower and its Subsidiaries for each of the fiscal years then
ended, copies of which have been furnished to the Agent, and (b) the consolidated balance sheets of
the Borrower and its Subsidiaries as of and for each fiscal quarter in and the portion of the
fiscal year ending May 31, 2009 and the related consolidated statements of income, cash flow, and
retained earnings of the Borrower and its Subsidiaries, certified by the chief financial officer of
the Borrower, for each of such fiscal quarters, copies of which have been furnished to the Agent,
were prepared in accordance with generally accepted accounting principles in effect

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on the date
such statements were prepared and fairly present, in all material respects, the consolidated
financial condition and operations of the Borrower and its Subsidiaries at such date and the
consolidated results of their operations for the period then ended. The Projections were prepared
by the Borrower in good faith, based on assumptions that the Borrower believes are reasonable as of
the Restatement Effective Date.

     5.5 Material Adverse Change. Since August 31, 2008, and except for matters disclosed
by the Borrower in writing in filings with the United States Securities and Exchange Commission
between August 31, 2008 and the Restatement Effective Date, there has been no change in the
business, Property, condition (financial or otherwise) or prospects of the Borrower and its
Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

     5.6 Taxes. The Borrower and each of its Domestic Subsidiaries have filed all United
States federal tax returns and all other tax returns which are required to be filed and have paid
all taxes due pursuant to said returns or pursuant to any assessment received by the Borrower or
any of its Subsidiaries, except (a) such taxes, if any, as are being contested in good faith and as
to which adequate reserves have been provided in accordance with Agreement Accounting Principles
and as to which no Lien exists, and (b) for such failures to file or failures to pay as could not
have a Material Adverse Effect. No tax liens have been filed with respect to any such taxes. The
charges, accruals and reserves on the books of the Borrower and its Subsidiaries in respect of any
taxes or other governmental charges are adequate in all material respects in accordance with
Agreement Accounting Principles.

     5.7 Litigation and Contingent Obligations. Except as disclosed on Schedule 5.7, there
is no litigation, arbitration, governmental investigation, proceeding or inquiry pending or, to the
knowledge of any of their executive
officers, threatened against or affecting the Borrower or any of its Subsidiaries which could
reasonably be expected to have a Material Adverse Effect that is not covered by insurance or which
seeks to prevent, enjoin or delay the making of any Credit Extensions. Except as disclosed on
Schedule 5.7, other than any liability incident to any litigation, arbitration or proceeding which
could not reasonably be expected to have a Material Adverse Effect, the Borrower has no material
contingent obligations not provided for or disclosed in the financial statements referred to in
Section 5.4 which should be disclosed under Agreement Accounting Principles.

     5.8 Subsidiaries. Schedule 5.8 contains an accurate list of all Subsidiaries of the
Borrower as of the Restatement Effective Date, setting forth for each Subsidiary (a) such
Subsidiary’s jurisdiction of incorporation or organization, (b) the percentage of such Subsidiary’s
Capital Stock or other ownership interests owned by the Borrower or any other Subsidiary, (c) the
principal places of business and the chief executive offices of such Subsidiary and (d) subject to
Section 6.28, whether each of such Subsidiaries is a Material Subsidiary and if such Subsidiary is
a Material Subsidiary, any past names or d/b/a’s used by such Subsidiary during the two (2) years
prior to the Restatement Effective Date. All of the issued and outstanding shares of Capital Stock
or other ownership interests of such Subsidiaries 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.

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     5.9 ERISA. The Unfunded Liabilities of all Single Employer Plans do not in the
aggregate exceed $2,000,000. Neither the Borrower nor any other member of the Controlled Group has
incurred, or is reasonably expected to incur, any withdrawal liability to Multiemployer Plans in
excess of $2,000,000 in the aggregate. Each Plan complies in all material respects with all
applicable requirements of law and regulations, no Reportable Event has occurred with respect to
any Plan that could have a Material Adverse Effect, neither the Borrower nor any other member of
the Controlled Group has withdrawn from any Multiemployer Plan or initiated steps to do so, and no
steps have been taken to reorganize or terminate any Plan.

     5.10 Accuracy of Information. No information, exhibit or report furnished by the
Borrower or any of its Subsidiaries to the Agent or to any Lender in connection with the
negotiation of, or compliance with, the Loan Documents contained any material misstatement of fact
or omitted to state a material fact or any fact necessary to make the statements contained therein
not misleading.

     5.11 Regulation T, U and X. The Loans and other transactions contemplated hereunder
will not violate the provisions of Regulations T, U or X.

     5.12 Material Agreements. Except as disclosed on Schedule 5.12, neither the Borrower nor any Subsidiary is a party to
any loan transaction or guaranty of the Indebtedness of another Person as of the Original Effective
Date. Neither the Borrower nor any Subsidiary is a party to any agreement or instrument or subject
to any charter or other corporate restriction which could reasonably be expected to have a Material
Adverse Effect. Neither the Borrower nor any Subsidiary is in default in the performance,
observance or fulfillment of any of the obligations, covenants or conditions contained in (a) any
agreement to which it is a party, which default could reasonably be expected to have a Material
Adverse Effect or (b) any agreement or instrument evidencing or governing Indebtedness in excess of
$2,000,000.

     5.13 Compliance With Laws. The Borrower and its Subsidiaries have complied with all
applicable statutes, rules, regulations, orders and restrictions of any domestic or foreign
government or any instrumentality or agency thereof having jurisdiction over the conduct of their
respective businesses or the ownership of their respective Property except where the failure to so
comply could not have a Material Adverse Effect.

     5.14 Ownership of Properties. Except as set forth on Schedule 5.14, as of the
Original Effective Date, the Borrower and its Subsidiaries will have good title, free of all Liens
other than those permitted by Section 6.15, to all of the Property and assets reflected in the
Borrower’s most recent consolidated financial statements provided to the Agent as owned by the
Borrower and its Subsidiaries.

     5.15 Plan Assets; Prohibited Transactions. The Borrower is not an entity deemed to
hold “plan assets” within the meaning of 29 C.F.R. § 2510.3-101 of an employee benefit plan (as
defined in Section 3(3) of ERISA) which is subject to Title I of ERISA or any plan (within the
meaning of Section 4975 of the Code), and neither the execution of this Agreement nor the making of
Credit Extensions hereunder gives rise to a prohibited transaction that could have a

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Material
Adverse Effect within the meaning of Section 406 of ERISA or Section 4975 of the Code.

     5.16 Environmental Matters. In the ordinary course of its business, the officers of
the Borrower consider the effect of Environmental Laws on the business of the Borrower and its
Subsidiaries, in the course of which they identify and evaluate potential risks and liabilities
accruing to the Borrower due to Environmental Laws. On the basis of this consideration, the
Borrower has concluded that any noncompliance, if any, of Borrower or any of its Subsidiaries with
Environmental Laws could not reasonably be expected to have a Material Adverse Effect. Neither the
Borrower nor any Subsidiary has received any notice to the effect that its operations are not in
material compliance with any of the requirements of applicable Environmental Laws or are the
subject of any federal or state investigation evaluating whether any remedial action is needed to
respond to a release of any toxic or hazardous waste or substance into the environment, which
non-compliance or remedial action could reasonably be expected to have a Material Adverse Effect.

     5.17 Investment Company Act. Neither the Borrower nor any Subsidiary is an
“investment company” or a company “controlled” by an “investment company,” within the meaning of
the Investment Company Act of 1940, as amended.

     5.18 Public Utility Holding Company Act. Neither the Borrower nor any Subsidiary is a
“holding company” or a “subsidiary company” of a “holding company,” or an “affiliate” of a “holding
company” or of a “subsidiary company” of a “holding company,” within the meaning of the Public
Utility Holding Company Act of 1935, as amended.

     5.19 No Default. On the Restatement Effective Date, no Default or Unmatured Default
will have occurred or be continuing.

     5.20 Post-Retirement Benefits. The present value of the expected cost of
post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its
employees and former employees, as estimated by the Borrower in accordance with procedures and
assumptions deemed reasonable by the Required Lenders, does not exceed $2,000,000.

     5.21 Insurance. The certificate signed by the President or Chief Financial Officer of
the Borrower, that attests to the existence and adequacy of, and summarizes, the property and
casualty insurance program carried by the Borrower with respect to itself and its Subsidiaries and
that has been furnished by the Borrower to the Agent and the Lenders, is complete and accurate in
all material respects. This summary includes the insurer’s or insurers’ name(s), policy number(s),
expiration date(s), amount(s) of coverage, type(s) of coverage, exclusion(s), and deductibles.
This summary also includes similar information, and describes any reserves, relating to any
self-insurance program that is in effect.

     5.22 Solvency.

     (a) After giving effect to the application of the proceeds of the Credit Extension on
the Restatement Effective Date, (i) the fair value of the assets of the Borrower and its
Subsidiaries on a consolidated basis, at a fair valuation, will exceed the debts and
liabilities, subordinated, contingent or otherwise, of the Borrower and its

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Subsidiaries on
a consolidated basis; (ii) the present fair saleable value of the Property of the Borrower
and its Subsidiaries on a consolidated basis will be greater than the amount that will be
required to pay the probable liability of the Borrower and its Subsidiaries on a
consolidated basis on their debts and other liabilities, subordinated, contingent or
otherwise, as such debts and other liabilities become absolute and matured; (iii) the
Borrower and its Subsidiaries on a consolidated basis will be able to pay their debts and
liabilities, subordinated, contingent or otherwise, as such debts and liabilities become
absolute and matured; and (iv) the Borrower and its Subsidiaries 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 after the
Restatement Effective Date and as of the Restatement Effective Date.

     (b) The Borrower does not intend to, or to permit any of its Subsidiaries to, and does
not believe that it or any of its Subsidiaries will, incur debts beyond its ability to pay
such debts as they mature, taking into account the timing of and amounts of cash to be
received by it or any such Subsidiary and the timing of the amounts of cash to be payable on
or in respect of its Indebtedness or the Indebtedness of any such Subsidiary.

     5.23 Bond Obligations. As of the date set forth on Schedule 5.23, neither the
Borrower nor any of its Domestic Subsidiaries have any reimbursement or guaranty obligations owing
to bonding companies except as described on Schedule 5.23.

     5.24 Intellectual Property. The Borrower and each of its Subsidiaries has obtained
rights to use all patents, trademarks, service marks, trade names, copyrights, licenses and other
intellectual property rights, except for such rights the failure to obtain any of which would not
reasonably be expected to have a Material Adverse Effect.

     5.25 Revisions or Updates to the Schedules. Should any of the information or
disclosures provided on any of the schedules originally attached hereto become outdated or
incorrect in any material respect, the Borrower from time to time shall deliver to the Agent and
the Lenders such revisions or updates to such schedule(s) whereupon such schedules shall be deemed
to be amended by such revisions or updates, as may be necessary or appropriate to update or correct
such schedule(s), provided that, notwithstanding the foregoing, no such revisions or updates shall
be deemed to have amended, modified, or superseded any such schedules as originally attached
hereto, or to have cured any breach of warranty or representation resulting from the inaccuracy or
incompleteness of any such schedules, unless and until the Agent and the Required Lenders shall
have accepted in writing such revisions or updates to any such schedules.

     5.26 Commercial Activity; Absence of Immunity. The Borrower and its Subsidiaries are
subject to civil and commercial law with respect to their respective obligations under the Loan
Documents and the making and performance of the Loan Documents by them constitute private and
commercial acts rather than public or governmental acts. None of the Borrower, its Subsidiaries or
any of their respective properties or revenues, is entitled to any immunity on the ground of
sovereignty or the like from the
jurisdiction of any court or from any action, suit or proceeding, or the service of process in
connection therewith, arising under the Loan Documents.

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ARTICLE VI

COVENANTS

     During the term of this Agreement, unless the Required Lenders shall otherwise consent in
writing:

     6.1 Financial Reporting. The Borrower will maintain, for itself and each Subsidiary,
a system of accounting established and administered in accordance with generally accepted
accounting principles, and furnish to the Lenders:

     (a) Within 90 days after the close of each of its fiscal years, an unqualified audit
report certified by independent certified public accountants acceptable to the Lenders, it
being understood that the Borrower’s auditors as of the Restatement Effective Date are
acceptable to the Agent and the Lenders, prepared in accordance with Agreement Accounting
Principles on a consolidated basis for itself and its Subsidiaries, including balance sheets
as of the end of such period, related profit and loss and statement of stockholders’ equity,
and a statement of cash flows, accompanied by a certificate of said accountants that, in the
course of their examination necessary for their certification of the foregoing, they have
obtained no knowledge of any Default or Unmatured Default under any of the terms, covenants,
provisions or conditions of Section 6.22 insofar as they relate to accounting
matters, or if, in the opinion of such accountants, any Default or Unmatured Default shall
exist, stating the nature and status thereof and within 150 days after the close of its
fiscal years, a letter prepared by said accountants to the audit committee of the Borrower’s
Board of Directors describing significant internal control deficiencies, if any, identified
by said accountants (it being understood and agreed that the Borrower’s filing of a Form
10-K with the SEC with respect to a fiscal year within the period specified above shall be
deemed to satisfy the Borrower’s obligations under this Section 6.1(a) with respect to such
fiscal year).

     (b) Within 45 days after the close of the first three quarterly periods of each of its
fiscal years, for itself and its Subsidiaries, consolidated unaudited balance sheets as at
the close of each such quarterly period and consolidated profit and loss and a statement of
cash flows for the period from the beginning of such fiscal year to the end of such quarter,
together with a certification by its Chief Executive Officer and its Chief Financial Officer
in accordance with the Sarbanes-Oxley Act of 2002 (it being understood and agreed that the
Borrower’s filing of a Form 10-Q with the SEC with respect to a fiscal quarter within the
period specified above shall be deemed to satisfy the Borrower’s obligations under this
Section 6.1(b) with respect to such fiscal quarter).

     (c) As soon as available, but in any event prior to the beginning of each fiscal year
of the Borrower, a copy of a plan and forecast (including a projected consolidated
balance sheet, income statement and cash flow statement) of the Borrower for the
upcoming fiscal year and, if requested by the Required Lenders, as soon as available (but in
any event after such request prior to the beginning of third fiscal quarter for such fiscal
year), an updated copy of the plan and forecast (including a projected consolidated

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balance
sheet, income statement and cash flow statement) of the Borrower for the remaining six
months of such fiscal year.

     (d) Together with the financial statements required under Section 6.1(a) and
Section 6.1(b), a compliance certificate in substantially the form of
Exhibit 6.1(d) signed by the Chief Financial Officer of the Borrower showing the
calculations necessary to determine compliance with this Agreement and stating that no
Default or Unmatured Default exists, or if any Default or Unmatured Default exists, stating
the nature and status thereof.

     (e) Within 270 days after the close of each fiscal year, a statement of the Unfunded
Liabilities of each Single Employer Plan, certified as correct by an actuary enrolled under
ERISA.

     (f) As soon as possible and in any event within 10 days after the Borrower knows that
any Reportable Event has occurred with respect to any Plan, a statement, signed by the Chief
Financial Officer of the Borrower, describing said Reportable Event and the action which the
Borrower proposes to take with respect thereto.

     (g) As soon as possible and in any event within 10 days after receipt by the Borrower,
a copy of (i) any notice or claim to the effect that the Borrower or any of its Subsidiaries
is or may be liable to any Person as a result of the release by the Borrower, any of its
Subsidiaries, or any other Person of any toxic or hazardous waste or substance into the
environment, and (ii) any notice alleging any violation of any federal, state or local
environmental, health or safety law or regulation by the Borrower or any of its
Subsidiaries, which in each case (A) could reasonably be expected to have a Material Adverse
Effect, or (B) could result in liability to the Borrower or any of is Subsidiaries in excess
of $5,000,000.

     (h) Promptly upon the furnishing thereof to the shareholders of the Borrower, copies of
all financial statements, reports and proxy statements so furnished (it being understood and
agreed that the Borrower’s filing of such financial statements, reports and proxy statements
with the SEC shall be deemed to satisfy the Borrower’s obligations under this Section 6.1(h)
with respect thereto).

     (i) Promptly upon the filing thereof, copies of all registration statements and annual,
quarterly, monthly or other regular reports, except for those filed on Form S-8, which the
Borrower or any of its Subsidiaries files with the Securities and Exchange Commission.

     (j) Promptly upon request by the Agent or the Required Lenders, such information as may
be reasonably required to facilitate an annual on site inspection and audit of Borrower’s
Property.

     (k) [Reserved].

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     (l) Together with the financial statements required under Section 6.1(a) and
Section 6.1(b), a Backlog Report, in substantially the form of
Exhibit 6.1(l) and signed by the Chief Financial Officer of the Borrower.

     (m) Such other information (including non-financial information) as the Agent or any
Lender may from time to time reasonably request.

     6.2 Use of Proceeds. The Borrower will use the proceeds of the Advances and the
Facility LCs to finance working capital needs, for general corporate purposes (including funding
acquisitions) of the Borrower and its Subsidiaries in the ordinary course of business, and to pay
transaction fees and expenses in connection with the financing contemplated hereby. Such purposes
will not violate and are otherwise consistent with the terms of the Loan Documents and all laws,
rules and regulations, including Regulations T, U and X. The Borrower will not, nor will it permit
any Subsidiary to, use any of the proceeds of the Advances to purchase or carry any “margin stock”
(as defined in Regulation U).

     6.3 Notice of Default. The Borrower will, and will cause each Subsidiary to, give
prompt notice in writing to the Lenders of the occurrence of any Default or Unmatured Default and
of any other development, financial or otherwise, which could reasonably be expected to have a
Material Adverse Effect.

     6.4 Conduct of Business; Books and Records. The Borrower will, and will cause each
Subsidiary to, carry on and conduct its business in substantially the same manner and in
substantially the same fields of enterprise as it is presently conducted, shall maintain books and
records thereof in accordance with Agreement Accounting Principles and its current practice, and
shall do all things necessary to remain duly incorporated or organized, validly existing and (to
the extent such concept applies to such entity) in good standing as a domestic corporation,
partnership or limited liability company in its jurisdiction of incorporation or organization, as
the case may be, and maintain all requisite authority to conduct its business in each jurisdiction
in which its business is conducted except for (a) mergers and consolidations of Subsidiaries with
and into Borrower or any Domestic Subsidiaries, to the extent permitted under Section 6.12 hereof,
(b) the dissolution or liquidation of Subsidiaries if the net proceeds from any such dissolution
are paid to Borrower or any Domestic Subsidiary, and (c) any failure of a Subsidiary to be in good
standing where such failure could not have a Material Adverse Effect. In addition to the
foregoing, the Borrower will, and will cause each Subsidiary to, maintain accurate and materially
complete records with respect to the Collateral, and furnish to the Agent, with sufficient copies
for each of the Lenders, such reports relating to the Collateral as the Agent shall from time to
time reasonably request. The Borrower will, and will cause each Subsidiary to, give prompt notice
in writing to the Agent and the Lenders of any event with respect to its Property that would result
in the total amount of
any insurance proceeds or condemnation award payable to the Borrower or any of its
Subsidiaries in excess of $5,000,000.

     6.5 Taxes. The Borrower will, and will cause each Subsidiary to, timely file complete
and correct United States federal and applicable foreign, state and local tax returns required by
law and pay when due all taxes, assessments and governmental charges and levies upon it or its
income, profits or Property, except those which are being contested in good faith by appropriate
proceedings and with respect to which adequate reserves have been set aside in accordance with

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Agreement Accounting Principles and with respect to which no Lien exists. At any time that the
Borrower or any of its Subsidiaries is organized as a limited liability company, each such limited
liability company will qualify for partnership tax treatment under United States federal tax law.

     6.6 Insurance. The Borrower will, and will cause each Subsidiary to, maintain with
financially sound and reputable insurance companies insurance on all their Property in such amounts
and covering such risks as is consistent with sound business practice, including, without
limitation, general liability insurance and fire and extended coverage insurance on all Inventory,
and in each case, (a) with such deductibles and with such self-insurance provisions as are
customarily maintained by similar businesses, (b) prior to the occurrence of the Collateral Release
naming the Agent as loss payee or as an additional insured, as appropriate, for the benefit of the
Lenders and, in any case consistent with the requirements of the Collateral Documents and
(c) providing that said insurance will not be terminated except after at least 30 days’ written
notice from the insurance company to the Agent. The Borrower will furnish to any Lender upon
request full information as to the insurance carried.

     6.7 Compliance with Laws. The Borrower will, and will cause each Subsidiary to,
comply with all laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards
to which it may be subject including, without limitation, all Environmental Laws and ERISA except
for such failures to comply as could not reasonably be expected to have a Material Adverse Effect.

     6.8 Maintenance of Properties. The Borrower will, and will cause each Subsidiary to,
do all things necessary to maintain, preserve, protect and keep its Property in good repair,
working order and condition, and in the case of any Inventory, in saleable condition, and make all
necessary and proper repairs, renewals and replacements so that its business carried on in
connection therewith may be properly conducted at all times, except that the foregoing shall not
apply to Property disposed of by Borrower in accordance with Section 6.13 hereof.

     6.9 Inspection. The Borrower will, and will cause each Subsidiary to, permit the
Agent and the Lenders, by their respective representatives and agents, to inspect any of the
Property, books and
financial records of the Borrower and each Subsidiary, to examine and make copies of the books
of accounts and other financial records of the Borrower and each Subsidiary, and to discuss the
affairs, finances and accounts of the Borrower and each Subsidiary with, and to be advised as to
the same by, their respective officers at such reasonable times and intervals as the Agent or any
Lender may designate.

     6.10 Dividends; Publicly Traded Capital Stock. The Borrower will not, nor will it
permit any Subsidiary to, declare or pay any dividends or make any distributions on its Capital
Stock (other than stock splits or dividends payable in its own Capital Stock) or redeem, repurchase
or otherwise acquire or retire any of its Capital Stock at any time outstanding, or make any
Investments in publicly traded Capital Stock, except that

     (a) any Subsidiary may declare and pay dividends or make distributions ratably on its
Capital Stock;

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     (b) the Borrower may take any such action if (i) no Default or Unmatured Default has
occurred and is continuing, (ii) the sole consideration delivered by the Borrower in
connection therewith is cash and (iii) either (x) if at the time of such payment and after
giving effect thereto, Unrestricted cash and Cash Equivalent Investments of the Borrower is
less than $500,000,000, the aggregate amount thereof does not exceed $25,000,000 in any
fiscal year or (y) if at the time of such payment and after giving effect thereto,
Unrestricted cash and Cash Equivalent Investments of the Borrower (minus the aggregate
outstanding principal amount of the Loans) is at least $500,000,000, the aggregate amount
thereof does not exceed $250,000,000 from and after the Restatement Effective Date; and

     (c) the Borrower may make Employee Tax Remittances; and

     (d) the Borrower may make Investments in publicly traded Capital Stock permitted by
Section 6.14(m).

     6.11 Indebtedness. The Borrower will not, nor will it permit any Subsidiary to,
create, incur or suffer to exist any Indebtedness, except:

     (a) Indebtedness created hereunder.

     (b) Indebtedness, including, without limitation, contingent liabilities, existing on
the Original Effective Date and described in Schedule 6.11(b).

     (c) Secured or unsecured Indebtedness incurred in the ordinary course of business in
connection with the acquisition of Property by the Borrower, or any Subsidiary (excluding
Indebtedness assumed on any assets acquired pursuant to an Acquisition), provided that the
aggregate principal amount of such Indebtedness shall not exceed the value of the Property
so acquired, and in any event, the outstanding principal
amount of such purchase money Indebtedness shall not exceed $50,000,000 in the
aggregate at any time and any Lien securing any such Indebtedness shall attach only to the
Property so acquired.

     (d) Secured or unsecured Indebtedness having terms and conditions reasonably acceptable
to the Agent assumed by the Borrower or a Subsidiary in connection with an Acquisition
permitted hereunder and not discharged on the Original Effective Date which shall not exceed
$75,000,000 in the aggregate after the Original Effective Date; provided that such
Indebtedness was not created or increased in anticipation of such Acquisition and any Lien
securing any such secured Indebtedness shall attach only to the Property securing such
Indebtedness prior to its assumption.

     (e) Non-Recourse Indebtedness.

     (f) Indebtedness of Foreign Subsidiaries to the Borrower or a Domestic Subsidiary
incurred to facilitate the operations and funding of said Foreign Subsidiaries not to exceed
the sum of (i) such Indebtedness to the extent outstanding on the Original Effective Date
and described on Schedule 6.11(b) plus (ii) $60,000,000 in the aggregate outstanding
at any one time, provided that prior to the occurrence of the Collateral

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Release Event, all
such Indebtedness is evidenced by promissory notes that become part of the Collateral in a
manner reasonably satisfactory to the Agent.

     (g) Indebtedness of Foreign Subsidiaries to non-Affiliates of Borrower in a principal
amount not to exceed $50,000,000; provided that before and after giving effect to such
Indebtedness, no Default or Unmatured Default shall have occurred and be continuing.

     (h) Indebtedness of Borrower or a Domestic Subsidiary owing to the Borrower or any
Domestic Subsidiary.

     (i) Indebtedness of a Foreign Subsidiary owing to a Foreign Subsidiary.

     (j) Indebtedness of a Domestic Subsidiary owing to a Foreign Subsidiary.

     (k) Indebtedness of Borrower owing to a Foreign Subsidiary.

     (l) Indebtedness constituting the net obligations of a Person as of the date of a
required calculation under a Rate Hedging Agreement in the ordinary course of business and
not for the purposes of speculation.

     (m) Unsecured obligations, including, without limitation, contingent liabilities, in
respect of letters of credit permitted by Section 6.20(b).

     (n) Indebtedness that constitutes a renewal, refinancing or extension of any
Indebtedness referred to in this Section 6.11; provided that (i) no Lien existing at
the time of such renewal, refinancing or extension shall be extended to cover any property
not already subject to such Lien, and (ii) the principal amount of any Indebtedness renewed,
refinanced or extended shall not exceed the amount of such Indebtedness outstanding
immediately prior to such renewal, refinancing or extension.

     (o) Contingent Liabilities permitted under Section 6.19.

     (p) Indebtedness under Supplemental Credit Facilities, provided that the aggregate
amount of all outstanding Supplemental Credit Facilities shall not exceed the difference of
(x) $400,000,000 minus (y) the aggregate amount by which the Aggregate Facility LC
Commitments have been increased pursuant to Section 2.21 following the
Restatement Effective Date.

     6.12 Merger. The Borrower will not, nor will it permit any Subsidiary to, merge or
consolidate with or into any other Person, except that if at the time thereof and immediately after
giving effect thereto no Default or Unmatured Default shall have occurred and be continuing,
(a) any Subsidiary may merge into or be consolidated with the Borrower in a transaction in which
the Borrower is the surviving Person, (b) any Subsidiary may merge into or be consolidated with any
Domestic Subsidiary in a transaction in which the surviving entity is a Domestic Subsidiary,
(c) any Foreign Subsidiary may merge into or be consolidated with any Foreign Subsidiary and
(d) mergers and consolidations constituting Acquisitions permitted under Section 6.24.

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     6.13 Sale of Assets. The Borrower will not, nor will it permit any Material
Subsidiary to, lease, sell or otherwise dispose of (in one transaction or in a series of
transactions) its Property to any other Person, except:

     (a) Sales of Inventory in the ordinary course of business.

     (b) Sales, leases or other dispositions by Borrower or any Subsidiary of obsolete,
underutilized, damaged or defective Property or equipment that is no longer used or useful
in the business of Borrower or its Subsidiaries.

     (c) Any sale, lease or other disposition (i) from the Borrower to any Guarantor,
(ii) from any Domestic Subsidiary that is not a Guarantor to the Borrower, another Domestic
Subsidiary or any Foreign Subsidiary, (iii) from any Guarantor to the Borrower or any other
Guarantor, (iv) from any Foreign Subsidiary to the Borrower, another Foreign Subsidiary or
any Domestic Subsidiary, (v) from the Borrower or any Guarantor to any Subsidiary that is
not a Guarantor in an aggregate amount not to exceed $50,000,000 during any fiscal year or
(vi) from the Borrower or any of its Subsidiaries to the Borrower or any other Subsidiary in
the ordinary course of business, in an aggregate amount not to exceed (without the Agent’s
prior written consent) $5,000,000 during any fiscal year.

     (d) Leases or licenses (but not a sale, lease, exclusive license or other transfer
other than any such lease or license in respect of which (i) the Borrower or any of its
Subsidiaries retains, without material restriction, the right to continue to use the
Property
subject to the lease or license or (ii) the term is for no more than five years), by
the Borrower or any Subsidiary of patents, trademarks, copyrights, know-how or other
intellectual property to any other Person in the ordinary course of business.

     (e) The sale, lease, exclusive license or transfer of other assets in any fiscal year
in an aggregate amount not to exceed 10% of Consolidated Tangible Net Worth as of the end of
the immediately preceding fiscal year of the Borrower.

     (f) The sale of real property by Landbank Properties, L.L.C. and its Subsidiaries in
the ordinary course of business.

     (g) The sale, lease, exclusive license or transfer of other Property with an aggregate
value not exceeding $250,000 in any fiscal year of the Borrower.

     6.14 Investments and Acquisitions. The Borrower will not, nor will it permit any
Subsidiary to, make or suffer to exist any Investments (including without limitation, loans and
advances to, and other Investments in, Foreign Subsidiaries), or commitments therefor, or to create
any Subsidiary (except in accordance with Section 6.23 and Section 6.24) or to become or remain a
partner in any partnership or joint venture, or to make any Acquisition of any Person, except:

     (a) Cash Equivalent Investments.

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     (b) Investments in existence on the Original Effective Date and described in
Schedule 6.14(b) in an amount not greater than the amount thereof on the Original
Effective Date.

     (c) Acquisitions permitted under Section 6.24.

     (d) Investments in corporate debt obligations rated A or better by S&P or A2 or better
by Moody’s and maturing not more than twenty four (24) months from the date of acquisition
thereof.

     (e) Investments in money market funds rated AAm or better by S&P and having assets
greater than $500,000,000.

     (f) Repurchase agreements relating to Cash Equivalent Investments, which shall be
collateralized for at least 100% of face value, issued by any of the Lenders or any other
bank or trust company organized under the laws of the United States or any state thereof,
which bank or trust company (other than the Lenders to which such restrictions shall not
apply) is a member of both the Federal Deposit Insurance Corporation and the Federal Reserve
System and is rated B or better by Thompson Bank Watch Service (all of which must mature
within twelve (12) months from the time of acquisition thereof).

     (g) Settlement accounts between the Borrower and its Domestic Subsidiaries or its
Domestic Subsidiaries and other Domestic Subsidiaries arising by operation of the
cash management system of the Borrower and its Domestic Subsidiaries in the ordinary
course of business.

     (h) Permitted Business Investments.

     (i) Permitted Financial Investments.

     (j) Investments by Borrower or any Subsidiary thereof in any Person to the extent the
consideration paid consists solely of Qualified Stock of Borrower, unless the nature of such
Investment could reasonably be expected to cause a Material Adverse Effect.

     (k) Investments not otherwise permitted by this Section 6.14, the aggregate
amount (at original cost) of all such Investments of the Borrower and all of its
Subsidiaries shall never exceed $25,000,000.

     (l) Investments in the capital stock of the Excluded SPV, the Excluded SPV Letters of
Credit and any reimbursement payments made in respect of disbursements under the Excluded
SPV Letters of Credit.

     (m) The Borrower may make Investments in publicly traded Capital Stock (i) up to an
aggregate amount of $100,000,000, if at the time of each such Investment and after giving
effect thereto Unrestricted cash and Cash Equivalent Investments of the Borrower is at least
$500,000,000, and (ii) to the extent permitted by any of paragraphs (c),
(h), (i), (j) and (k) of this Section 6.14.

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     6.15 Liens. The Borrower will not, nor will it permit any Subsidiary to, create,
incur, or suffer to exist any Lien in, of or on the Property of the Borrower or any of its
Subsidiaries, nor will it covenant with any other Person not to grant such a Lien to the Agent,
except:

     (a) Permitted Liens.

     (b) Liens in favor of the Agent, for the benefit of the Lenders, granted pursuant to
any Collateral Document.

     (c) Liens existing on the Original Effective Date and described in
Schedule 6.15(c).

     (d) Liens incurred in connection with any Acquisition permitted under
Section 6.24; provided that such Liens shall encumber only the Property so acquired
and were not created in contemplation of such Acquisition.

     (e) Liens securing Indebtedness permitted under Section 6.11(c),
Section 6.11(d) or Section 6.11(h) and only to the extent the Liens are
limited by such sections.

     (f) Any renewal, extension or replacement of any Lien referred to in
Section 6.15(c) and Section 6.15(d) above; provided that no Lien arising or
existing as a result of such extension, renewal or replacement shall be extended to cover
any property not theretofore subject to the Lien being extended, renewed or replaced and
provided further that the principal amount of the Indebtedness secured thereby shall not
exceed the principal amount of the Indebtedness so secured at the time of such extension,
renewal or replacement.

     (g) Liens on (i) deposits to secure the performance of bids, trade contracts, leases,
statutory obligations, surety and appeal bonds and performance bonds and (ii) escrow
deposits or accounts, project specific deposit accounts or other deposit relationships
established by contract with the Borrower’s customers, in each case referred to in the
preceding clause (i) and (ii) maintained in the ordinary course of business for the purpose
of facilitating disbursements or surety coverage with respect to a specific project.

     (h) (1) Liens on Property of the Foreign Subsidiaries securing Indebtedness of the
Foreign Subsidiaries, not exceeding $10,000,000 in the aggregate, and (2) Liens securing
payments in respect of Letters of Credit issued with respect to Indebtedness of Foreign
Subsidiaries, not exceeding $100,000,000 in the aggregate.

     (i) Liens securing obligations under Supplemental Credit Facilities permitted by
Section 6.11(p) on assets constituting collateral security under the Collateral
Documents; provided that such Liens shall rank pari passu in priority with the Liens created
by the Collateral Documents pursuant to an intercreditor agreement reasonably satisfactory
to the Agent (and as to which the Required Lenders have not objected in writing after having
had not less than 10 days to review the same).

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     (j) Liens over cash collateral in an aggregate amount not exceeding $300,000,000
securing payment in respect of Letters of Credit (“Permitted Cash Collateral”),
provided that at each time any such Permitted Cash Collateral is posted, and immediately
after giving effect thereto, the Borrower and its Subsidiaries shall have Unrestricted cash
or Cash Equivalent Investments of not less than $500,000,000, which cash and Cash Equivalent
Investments shall be free and clear of all Liens (other than Liens in favor of the Agent,
for the benefit of the Lenders, granted pursuant to any Collateral Document).

     6.16 Affiliates. The Borrower will not, and will not permit any Subsidiary to, enter
into any transaction (including, without limitation, the purchase or sale of any Property or
service) with, or make any payment or transfer to, any Affiliate except in the ordinary course of
business and pursuant to the reasonable requirements of the Borrower’s or such Subsidiary’s
business and upon fair and reasonable terms no less favorable to the Borrower or such Subsidiary
than the Borrower or such Subsidiary would obtain in a comparable arms-length transaction, provided
this Section 6.16 shall not prohibit inter-company transfers not otherwise restricted hereunder
(except those permitted by operation of Section 6.13(c)(v)).

     6.17 Prepayment of Other Indebtedness. The Borrower will not, and will not permit any
Subsidiary to (a) make voluntary prepayments of principal or interest on any other of the
Borrower’s or such Subsidiary’s Indebtedness except (i) as expressly provided herein,
(ii) prepayments of principal or interest secured by liens on Property sold in accordance with
Section 6.13 hereof, or (iii) in an amount not to exceed (A) $25,000,000 in the aggregate for
Borrower and its Subsidiaries during the fiscal year 2010 and (B) $10,000,000 in the aggregate for
Borrower and its Subsidiaries during any other fiscal year of Borrower during the term hereof; or
(b) amend or obtain or grant a waiver of any term of any of such Indebtedness, without the prior
written consent of the Required Lenders other than in respect of inter-company transfers or
inter-company Indebtedness not otherwise prohibited hereunder.

     6.18 Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to,
sell or otherwise dispose of any notes receivable or Accounts, with or without recourse; provided
that the foregoing shall not limit or restrict compromises of doubtful or disputed accounts in the
ordinary course of business of Borrower and the Subsidiaries.

     6.19 Contingent Obligations. The Borrower will not, nor will it permit any Subsidiary
to, make or suffer to exist any Contingent Obligation (including, without limitation, any
Contingent Obligation with respect to the obligations of a Subsidiary), except for:

     (a) endorsement of instruments for deposit or collection in the ordinary course of
business,

     (b) Reimbursement Obligations,

     (c) the Guaranty,

     (d) guaranties and other Contingent Obligations listed on Schedule 6.19(d)
attached hereto,

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     (e) guaranties by Borrower or any of its Subsidiaries made in the ordinary course of
business of any payment to a vendor of goods or services to the Borrower or its
Subsidiaries, guaranties by Borrower of any obligations of the Subsidiaries owed to any
customer of Borrower or a Subsidiary made with respect to the performance by Borrower or
such Subsidiary of a contract for the sale of goods or the delivery of services to such
customer, or guarantees by the Borrower or any of its Subsidiaries relating to contracts for
sales of goods or services where the party to the contract is a joint venture or other
Person in which the Borrower or any of its Subsidiaries has an ownership interest,

     (f) the contingent liability evidenced by a guaranty executed by the Borrower to
guarantee obligations of Foreign Subsidiaries under one or more credit facilities for
working capital and letters of credit; provided, that the aggregate obligations of the
Borrower under such guaranties shall not exceed $50,000,000 plus accrued unpaid
interest at any time outstanding,

     (g) such Contingent Obligations as would be permitted to be incurred if such Contingent
Obligations were incurred as Indebtedness by such Borrower or any such Subsidiary under
Section 6.11,

     (h) reimbursement or guaranty obligations owing to bonding companies issuing bonds on
behalf of the Borrower or any of its Subsidiaries incurred in the ordinary course of the
Borrower’s business, and

     (i) guaranties by Borrower or any of its Subsidiaries with respect to any Indebtedness
or other obligations of a joint venture or other Person in which the Borrower or any of its
Subsidiaries has an ownership interest if (i) in the case that such joint venture or other
Person is a manufacturer of modular units for the completion of nuclear facilities in Lake
Charles, Louisiana, (x) such Indebtedness and other obligations consist of (A) obligations
to return state, parish and local governmental authorities incentives received by such joint
venture or other Person for doing business and constructing its manufacturing facility in
Lake Charles, Louisiana in an aggregate amount for all such obligations not to exceed
$70,000,000 and (B) principal of and interest on bonds in an aggregate principal amount not
exceeding $70,000,000 issued to finance the construction of such manufacturing facility, and
customary related costs, expenses and indemnities, and (y) the Borrower and its Subsidiaries
are not liable under such guaranties for more than their proportionate share of any such
obligations (determined by reference to the direct and indirect ownership interests held by
the Borrower in such joint venture or other Person) or (ii) in all other cases, the
aggregate amount of such guaranties does not exceed $20,000,000 at any time outstanding.

     6.20 Letters of Credit. The Borrower will not, nor will it permit any Subsidiary to,
apply for or become liable upon or in respect of any Letter of Credit other than:

     (a) Facility LCs,

     (b) Performance Letters of Credit in an aggregate amount (excluding Letters of Credit
described in the other clauses of this Section 6.20) not to exceed $200,000,000

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in
the aggregate for Borrower and its Subsidiaries provided that the account party’s
reimbursement obligations with respect to the Letters of Credit described in this clause (b)
are unsecured,

     (c) Letters of Credit issued under Supplemental Credit Facilities,

     (d) Subject to Section 6.15(j), Letters of Credit in an aggregate amount
(excluding Letters of Credit described in the other clauses of this Section 6.20)
not to exceed $300,000,000 in the aggregate for Borrower and its Subsidiaries, and

     (e) Subject to Section 6.15(h)(2), Performance Letters of Credit in an
aggregate amount (excluding Letters of Credit described in the other clauses of this
Section 6.20) not to exceed $100,000,000 in the aggregate for the Foreign
Subsidiaries.

     6.21 Financial Contracts. The Borrower will not, nor will it permit any Subsidiary
to, enter into or remain liable upon any Financial Contract, except (a) Rate Hedging Agreements
made for nonspeculative purposes and (b) Financial Contracts in respect of commodities entered into
with any Lender or any Affiliate of a Lender for nonspeculative purposes.

     6.22 Financial Covenants .

     6.22.1 Leverage Ratio. With effect from and after August 31, 2009, Borrower
will not permit the Leverage Ratio to exceed (i) 2.75 to 1.00 as of the last day of any of
its fiscal quarters ending prior to August 31, 2007; and (ii) 2.50 to 1.00 as of the last
day of any of its fiscal quarters ending on or after August 31, 2007.

     6.22.2 Debt Service Coverage Ratio. With effect from and after August 31,
2009, Borrower will not permit the Debt Service Coverage Ratio for any Calculation Period to
be less than 3.00 to 1.00.

     6.22.3 Minimum Consolidated Net Worth. With effect from and after August 31,
2009, Borrower will not permit Consolidated Net Worth on of the last day of any of its
fiscal quarters, beginning with the fiscal quarter ending February 28, 2005 to be less than
the sum of (a) $975,000,000 plus (b) 50% of Consolidated Net Income (if Consolidated Net
Income is positive) or zero (if Consolidated Net Income is negative) for each fiscal quarter
ending after the Original Effective Date plus (c) 80% of any Equity Issuance Proceeds
received after the Restatement Effective Date.

     6.23 Subsidiaries. The Borrower will, and will cause each of its Domestic Subsidiaries to,
cause any Person (whether now existing or hereafter created) becoming a Material Subsidiary that is
or becomes a Domestic Subsidiary of the Borrower (a) to execute, in form and substance satisfactory
to the Agent, a guaranty in favor of the Agent for the benefit of the Lenders sufficient to
obligate such Subsidiary for repayment of all or a portion of the Obligations and (b) prior to the
occurrence of the Collateral Release Event, to execute, in form and substance satisfactory to the
Agent, a security agreement and/or other security instruments in favor of the Agent for the benefit
of the Lenders sufficient to pledge all or a portion of such Subsidiary’s assets as would
constitute Collateral as security for the Obligations. The Borrower and each Subsidiary shall have
pledged to the Agent for the benefit of the Lenders at all times prior to the

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occurrence of the
Collateral Release Event 100% of Borrower’s and a Domestic Subsidiary’s ownership interest in any
Domestic Subsidiary that is a Material Subsidiary and 66% of Borrower’s and a Domestic Subsidiary’s
ownership interest in any Foreign Subsidiary that is a Material Subsidiary pursuant to a pledge
agreement in form and substance satisfactory to the Agent.

     6.24 Acquisitions. The Borrower will not, and will not allow its Subsidiaries to make
Acquisitions unless (a) if Pro Forma Liquidity both immediately before and after giving effect
thereto is less than $100,000,000, the aggregate cash consideration (defined as total net cash to
be paid, plus Indebtedness and Contingent Obligations to be assumed in connection with any
Acquisition, plus the Acquisition costs associated with such Acquisition) for such Acquisition is
less than $25,000,000, (b) the aggregate cash consideration (as so defined) for all Acquisitions
made from and after the Restatement Effective Date does not exceed $300,000,000, (c) the
acquisition target is in the same or similar line of business as the Permitted Businesses; (d) the
acquisition target has a positive EBITDA, (e) no Default or Unmatured Default shall exist before or
after giving effect to any such Acquisition; (f) the Borrower or a Subsidiary is the surviving
entity holding greater than fifty percent (50%) of the Capital Stock or ownership interests in the
Acquisition target; (g) a substantial portion of the Borrower’s executive management team as of the
Restatement Effective Date (to include in all cases the chief executive officer and the chief
financial officer of the Borrower) is the surviving management team; (h) all Acquisitions shall be
completed in accordance with applicable laws in all material respects; (i) Agent shall be provided
with satisfactory opinions with regard to any Acquisition as it may request; (j) the terms of
Section 6.23 are satisfied; and (k) the board of directors of the Acquisition target approves the
Acquisition.

     6.25 Limitation on Leases. The Borrower will not incur, and will not allow its
Subsidiaries to incur, on a consolidated basis, Operating Leases requiring total payments of more
than $50,000,000 per annum excluding Operating Leases recorded in the Borrower’s financial
statements as cost of sales.

     6.26 Name, Fiscal Year and Accounting Method. The Borrower shall not, and shall not
permit any of its Subsidiaries to, change its name, fiscal year or method of accounting except as
required by Agreement Accounting Principles; provided, however, that (a) any of the Borrower and
its Subsidiaries may change its name if the Borrower has given the Agent 30 days prior written
notice of such name change and taken such action as Agent deems reasonably necessary to continue
the perfection of the Liens securing payment of the Secured Obligations and (b) the Borrower may
change its fiscal year on a single occasion if the Borrower has given the Agent 30 days prior
written notice of such change.

     6.27 Agreements Restricting Liens and Distributions. The Borrower shall not, nor
shall it permit any of its Subsidiaries to, create or otherwise cause or suffer to exist any
prohibition, encumbrance or restriction which prohibits or otherwise restricts (a) the ability of
any Subsidiary to (i) pay dividends or make other distributions or pay any Indebtedness owed to the
Borrower or any Subsidiary of the Borrower, (ii) make loans or advances to the Borrower or any
Subsidiary of the Borrower, or (iii) transfer any of its Properties to the Borrower or any
Subsidiary of the Borrower or (b) the ability of the Borrower or any
Subsidiary of the Borrower to create, incur, assume or suffer to exist any Lien upon its
Property to secure the Obligations or

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to become a guarantor of the Obligations, other than
prohibitions or restrictions existing under or by reason of: (i) this Agreement and the other Loan
Documents; (ii) applicable Legal Requirements; (iii) customary non-assignment provisions entered
into in the ordinary course of business and consistent with past practices; (iv) any restriction or
encumbrance with respect to a Subsidiary of the Borrower imposed pursuant to an agreement which has
been entered into for the sale or disposition of all or substantially all of the Capital Stock or
assets of such Subsidiary, so long as such sale or disposition is permitted under this Agreement;
(v) any restriction arising under the credit facility permitted under Section 6.11(g) and
(vi) Liens, prohibitions or restrictions permitted by Section 6.1 and any documents or instruments
governing the terms of any Indebtedness or other obligations secured by any such Liens, provided
that such prohibitions or restrictions apply only to the Property subject to such Liens.

     6.28 Post-Closing Requirements. Within ninety days (or such longer period agreed to
by the Agent) after the Restatement Effective Date (unless waived by the Agent), the Borrower shall
deliver to the Agent the documents identified on Schedule 6.28, each in form and substance
satisfactory to the Agent and with sufficient copies for the Lenders, where appropriate, executed
by the relevant Person; provided that (i) with respect to the landlord’s agreements, the Borrower
shall not be required to deliver such agreements for locations that individually hold less than
$1,000,000 of Inventory so long as the aggregate amount of Inventory held at such locations does
not exceed $10,000,000 at any time, and (ii) with respect to the account control agreements, the
Borrower shall not be required to deliver such agreements for bank accounts that individually have
an end-of-day balance of less than $250,000 so long as the aggregate end-of-day balance of such
bank accounts does not exceed $3,000,000 at any time.

     6.29 Further Assurances.

     6.29.1 Subsidiaries. Prior to the occurrence of the Collateral Release Event,
the Borrower shall, and shall cause each of its Subsidiaries to, protect and perfect the
Liens contemplated by the Collateral Documents. The Borrower at its expense shall, and
shall cause each of its Subsidiaries to, promptly execute and deliver all such other and
further documents, agreements and instruments in compliance with or accomplishment of the
covenants and agreements of the Borrower or any of its Subsidiaries in the Loan Documents.

     6.29.2 Property. Prior to the occurrence of the Collateral Release Event, the
Borrower shall, and shall cause each of its Subsidiaries to deliver or cause to be delivered
to the Agent with respect to any Mortgaged Property acquired after the Restatement Effective
Date:

     (i) Mortgages executed by the Borrower or such Subsidiary that owns such
Mortgaged Property granting a Lien to the Agent in the Mortgaged Property
described therein to secure the Obligations, together with any other documents,
agreements or instruments necessary to create an Acceptable Security Interest in
such Mortgaged Property;

     (ii) favorable opinions from local counsel located in the jurisdiction of each
such Mortgaged Property;

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     (iii) Mortgage Policies in form and substance and in amounts reasonably
satisfactory to the Agent assuring the Agent that the Mortgages are valid and
enforceable first priority mortgage liens on such Mortgaged Property, free and clear
of all defects and encumbrances except Permitted Liens, and

     (iv) current surveys, certified by a licensed surveyor, for all real property
that is the subject of the Mortgage Policies for which a Mortgage Policy is issued.

     6.30 Excluded SPV.

     (a) Notwithstanding anything to the contrary contained in this Agreement, the Borrower
shall not permit the Excluded SPV to engage in any business or activity, other than making
the Westinghouse Investments and issuing notes, the proceeds of which shall be used to make
the Westinghouse Investments (the “Excluded SPV Notes”).

     (b) Notwithstanding anything to the contrary contained in this Agreement, the Borrower
shall not, and shall not permit any Subsidiary to, make any Investment in the Excluded SPV
or incur any Indebtedness or provide other credit support for the direct or indirect benefit
of the Excluded SPV (including any direct or indirect guarantee or other credit support of
any Indebtedness of the Excluded SPV), other than (i) causing revolving Financial Letters of
Credit to be issued under this Agreement in a maximum amount for the Excluded SPV at any
time not to exceed ¥16,000,000,000 to provide for payments of principal of and interest on
the Excluded SPV Notes (the “Excluded SPV Letters of Credit”), (ii) an equity
Investment not to exceed $35,000,000 in the Excluded SPV and (iii) the payment of certain
transaction costs and expenses not to exceed $25,000,000 in the aggregate for the Excluded
SPV, relating to the formation of the Excluded SPV, the issuance of the Excluded SPV Notes
and the making of the Westinghouse Investments.

     (c) The Borrower shall cause to be inserted into the indenture or similar instrument
governing the Excluded SPV Notes no later than the time the same are issued a provision
reasonably satisfactory to the Agent in form and substance substantially to the effect of
Section 15.8 hereof, but with such changes as shall be necessary to constitute such
provision an acknowledgement by the holders of the Excluded SPV Notes that neither the
Borrower nor any of the Guarantors shall have any liability with respect to the Excluded SPV
Notes.

     6.31 Mortgages.

     The Borrower shall furnish to the Agent, each in form and substance satisfactory to the Agent:

     (i) evidence that any amendment to the Mortgages to reflect the amendment and
restatement of the Existing Facility and increase in Commitments pursuant to the
Lender Addenda shall have been made,

     (ii) evidence satisfactory to the Agent that date down endorsements or the
functional equivalent thereof, current to the date of the amendments to the

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Mortgages that reflect the amendment and restatement of the Existing Facility and
the increase in Commitments pursuant to the Lender Addenda, are issued in connection
with each of the existing Mortgage Policies issued; provided that the Agent shall be
able to grant extensions in its sole discretion for the date down endorsements or
functional equivalent thereof for the Mortgages identified on Schedule 6.31.

     6.32 Landlord Agreement; Deposit Account Control Agreements; Receivables. 

     (a) The Borrower shall, at all times prior to the Collateral Release Event, cause the
value of Inventory held at locations of the Borrower and the Guarantors not covered by
landlord’s agreements satisfactory to the Agent (other than any bank account with respect to
which the Agent has waived the requirement for an account control agreement) to be less than
$1,000,000 at any one location and less than $10,000,000 in the aggregate for all such
locations.

     (b) The Borrower shall, at all times prior to the Collateral Release Event, cause the
deposits held in the bank accounts of the Borrower and the Guarantors not covered by bank
account control agreements satisfactory to the Agent to be less than $250,000 in any one
bank account and less than $3,000,000 in the aggregate for all such bank accounts.

     (c) The Borrower hereby acknowledges and agrees that neither the Agent nor any Lender
waives or relinquishes any of its respective rights or interests arising under the Loan
Documents, including without limitation, any security interest granted therein, by
permitting the Borrower or any Subsidiary to hold Inventory at a location that is not
covered by landlord’s agreement or to maintain a bank account that is not covered by a bank
account control agreement.

     (d) If prior to the occurrence of the Collateral Release Event any Receivable is
subject to the Assignment of Claims Act of 1940, as amended from time to time, or any
applicable law now or hereafter existing similar in effect thereto, or to any provision
prohibiting the assignment or requiring notice of or consent to such assignment with respect
to any Receivable, the Borrower shall, upon the request of either the Agent or the Required
Lenders, have such Receivables duly assigned to the Agent in compliance with all applicable
governmental requirements so that the Agent is recognized by the applicable account debtor
to have all of the rights of an assignee of such Receivable.

ARTICLE VII

DEFAULTS

     The occurrence of any one or more of the following events shall constitute a Default:

     7.1 Any representation or warranty made or deemed made by or on behalf of the Borrower or any
of its Subsidiaries to the Lenders or the Agent under or in connection with this Agreement, any
Credit Extension, or any certificate or information delivered in connection with

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this Agreement or
any other Loan Document shall be materially false on the date as of which made.

     7.2 Nonpayment of (a) principal when due, (b) interest within three (3) days of when due on
any Loan, (c) nonpayment of any Reimbursement Obligation within three (3) days of when the same
becomes due, or (d) nonpayment of any commitment fee, LC Fee or other obligations under any of the
Loan Documents within five (5) days of when the same becomes due.

     7.3 The breach by the Borrower of any of the terms or provisions of Section 6.2,
Section 6.3, or Sections 6.10 through 6.29.

     7.4 The breach by the Borrower (other than a breach which constitutes a Default under another
Section of this Article VII) of any of the terms or provisions of this Agreement which is not
remedied within fifteen (15) days.

     7.5 Failure of the Borrower or any of its Subsidiaries to pay when due any Indebtedness
aggregating in excess of $20,000,000 (“Material Indebtedness”); or the default by the
Borrower or any of its Subsidiaries in the performance (beyond the applicable grace period with
respect thereto, if any) of any term, provision or condition contained in any agreement under which
any such Material Indebtedness was created or is governed, or any other event shall occur or
condition exist, the effect of which default or event is to cause, or to permit the holder or
holders of such Material Indebtedness to cause, such Material Indebtedness to become due prior to
its stated maturity; or any Material Indebtedness of the Borrower or any of its Subsidiaries shall
be declared to be due and payable or required to be prepaid or repurchased (other than by a
regularly scheduled payment) prior to the stated maturity thereof; or the Borrower or any of its
Subsidiaries shall not pay, or admit in writing its inability to pay, its debts generally as they
become due.

     7.6 The Borrower or any of its Subsidiaries shall:

     (a) have an order for relief entered with respect to it under the Federal bankruptcy
laws as now or hereafter in effect,

     (b) make an assignment for the benefit of creditors,

     (c) apply for, seek, consent to, or acquiesce in, the appointment of a receiver,
custodian, trustee, examiner, liquidator or similar official for it or any Substantial
Portion of its Property,

     (d) institute any proceeding seeking an order for relief under the Federal bankruptcy
laws as now or hereafter in effect or seeking to adjudicate it a bankrupt or insolvent, or
seeking dissolution, winding up, liquidation, reorganization, arrangement or composition of
it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief
of debtors or fail to file an answer or other pleading denying the material allegations of
any such proceeding filed against it,

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     (e) take any corporate or partnership action to authorize or effect any of the
foregoing actions set forth in this Section 7.6 or

     (f) fail to contest in good faith any appointment or proceeding described in
Section 7.7.

     7.7 Without the application, approval or consent of the Borrower or any of its Subsidiaries, a
receiver, trustee, examiner, liquidator or similar official shall be appointed for the Borrower or
any of its Subsidiaries or any Substantial Portion of its Property, or a proceeding described in
Section 7.6(c) shall be instituted against the Borrower or any of its Subsidiaries and such
appointment continues undischarged or such proceeding continues undismissed or unstayed for a
period of 30 consecutive days.

     7.8 Any court, government or governmental agency shall condemn, seize or otherwise
appropriate, or take custody or control of, all or any portion of the Property of the Borrower or
any Guarantor which, when taken together with all other Property of the Borrower or such Guarantor
so condemned, seized, appropriated, or taken custody or control of, during the twelve-month period
ending with the month in which any such action occurs, constitutes a Substantial Portion.

     7.9 The Borrower or any of its Subsidiaries shall fail within 30 days to pay, bond or
otherwise discharge one or more (a) judgments or orders for the payment of money in excess of
$2,000,000 (or the equivalent thereof in currencies other than U.S. Dollars) in the aggregate, or
(b) nonmonetary judgments or orders which, individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect, which judgment(s), in any such case, is/are not stayed
on appeal or otherwise being appropriately contested in good faith.

     7.10 The Unfunded Liabilities of all Single Employer Plans shall exceed in the aggregate
$5,000,000 or any Reportable Event shall occur in connection with any Plan.

     7.11 The Borrower or any other member of the Controlled Group shall have been notified by the
sponsor of a Multiemployer Plan that it has incurred withdrawal liability to such Multiemployer
Plan in an amount which, when aggregated with all other amounts required to be paid to
Multiemployer Plans by the Borrower or any other member of the Controlled Group as withdrawal
liability (determined as of the date of such notification), exceeds $5,000,000 or requires payments
exceeding $1,000,000 per annum.

     7.12 The Borrower or any other member of the Controlled Group shall have been notified by the
sponsor of a Multiemployer Plan that such Multiemployer Plan is in reorganization or is being
terminated, within the meaning of Title IV of ERISA, if as a result of such reorganization or
termination the aggregate annual contributions of the Borrower and the other members of the
Controlled Group (taken as a whole) to all Multiemployer Plans which are then in reorganization or
being terminated have been or will be increased over the amounts contributed to such Multiemployer
Plans for the respective plan years of each such Multiemployer Plan immediately preceding the plan
year in which the reorganization or termination occurs by an amount exceeding $5,000,000.

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     7.13 The Borrower or any of its Subsidiaries shall (a) be the subject of any proceeding or
investigation pertaining to the release by the Borrower, any of its Subsidiaries or any other
Person of any toxic or hazardous waste or substance into the environment, or (b) violate any
Environmental Law, which, in the case of an event described in clause (a) or clause (b), could
reasonably be expected to have a Material Adverse Effect.

     7.14 Any Change in Control shall occur.

     7.15 The occurrence of any “default,” as defined in any Loan Document (other than this
Agreement) or the breach of any of the terms or provisions of any Loan Document (other than this
Agreement), which default or breach continues beyond any period of grace therein provided.

     7.16 Any Guaranty shall fail to remain in full force or effect or any action shall be taken to
discontinue or to assert the invalidity or unenforceability of any Guaranty, or any Guarantor shall
fail to comply with any of the terms or provisions of any Guaranty to which it is a party, or any
Guarantor shall deny that it has any further liability under any Guaranty to which it is a party,
or shall give notice to such effect.

     7.17 Prior to the occurrence of the Collateral Release Event, any Collateral Document shall
for any reason fail to create a valid and perfected first priority security interest in any
collateral purported to be covered thereby, except as permitted by the terms of any Collateral
Document, or any Collateral Document shall fail to remain in full force or effect or any action
shall be taken to discontinue or to assert the invalidity or unenforceability of any Collateral
Document, or the Borrower or any Subsidiary shall fail to comply with any of the terms or
provisions of any Collateral Document.

     7.18 The representations and warranties set forth in Section 5.15 shall at any time
not be true and correct.

     7.19 The Borrower or any Subsidiary shall fail to pay when due any obligation aggregating in
excess of $5,000,000 under any Operating Lease, with respect to a Letter of Credit, or any
Contingent Obligation.

     7.20 Nonpayment by the Borrower of any Rate Hedging Obligation when due or the breach by the
Borrower of any term, provision or condition contained in any Rate Hedging Agreement.

ARTICLE VIII

ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES

     8.1 Acceleration; Facility LC Collateral Account.

     (a) If any Default described in Section 7.6 or Section 7.7 occurs and
is continuing, the obligations of the Lenders to make Credit Extensions hereunder and the
obligation and power of each Issuer to issue Facility LCs shall automatically terminate and
the Obligations shall immediately become due and payable without any election or

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action on
the part of the Agent, any Issuer or any Lender and the Borrower will be and become thereby
unconditionally obligated, without any further notice, act or demand, to pay to the Agent an
amount in immediately available funds, which funds shall be held in the Facility LC
Collateral Account, equal to the difference of (i) the amount of LC Obligations at such
time, less (ii) the amount on deposit in the Facility LC Collateral Account at such time
which is free and clear of all rights and claims of third parties and has not been applied
against the Obligations (such difference, the “Collateral Shortfall Amount”). If
any other Default occurs and is continuing, the Required Lenders (or the Agent with the
consent of the Required Lenders) may (A) terminate or suspend the obligations of the Lenders
to make Credit Extensions hereunder and the obligation and power of each Issuer to issue
Facility LCs, or declare the Obligations and any affected Lender may declare the Rate
Hedging Obligations to be due and payable, or both, whereupon the Obligations shall become
immediately due and payable, without presentment, demand, protest or notice of any kind, all
of which the Borrower hereby expressly waives, and (B) upon notice to the Borrower and in
addition to the continuing right to demand payment of all amounts payable under this
Agreement, make demand on the Borrower to pay, and the Borrower will, forthwith upon such
demand and without any further notice or act, pay to the Agent the Collateral Shortfall
Amount, which funds shall be deposited in the Facility LC Collateral Account.

     (b) If at any time while any Default has occurred and is continuing, the Agent
determines that the Collateral Shortfall Amount at such time is greater than zero, the Agent
may make demand on the Borrower to pay, and the Borrower will, forthwith upon such demand
and without any further notice or act, pay to the Agent the Collateral Shortfall Amount,
which funds shall be deposited in the Facility LC Collateral Account.

     (c) The Agent may at any time or from time to time after funds are deposited in the
Facility LC Collateral Account, apply such funds to the payment of the Obligations and any
other amounts as shall from time to time have become due and payable by the Borrower to the
Lenders or the Issuers under the Loan Documents.

     (d) At any time while any Default has occurred and is continuing, neither the Borrower
nor any Person claiming on behalf of or through the Borrower shall have any right to
withdraw any of the funds held in the Facility LC Collateral Account. After all of the
Obligations have been indefeasibly paid in full and the Aggregate Commitment has
been terminated, any funds remaining, in the Facility LC Collateral Account shall be
returned by the Agent to the Borrower or paid to whomever may be legally entitled thereto at
such time.

     (e) If, within 30 days after acceleration of the maturity of the Obligations or
termination of the obligations of the Lenders to make Credit Extensions and the obligation
and power of the Issuers to issue Facility LCs hereunder as a result of any Default (other
than any Default as described in Section 7.6 or Section 7.7 with respect to
the Borrower) and before any judgment or decree for the payment of the Obligations due shall
have been obtained or entered, the Required Lenders (in their sole discretion) shall so
direct, the Agent shall, by notice to the Borrower, rescind and annul such acceleration
and/or termination.

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     8.2 Amendments. Subject to the provisions of this Article VIII, the Required Lenders
(or the Agent with the consent in writing of the Required Lenders) and the Borrower may enter into
agreements supplemental hereto for the purpose of adding or modifying any provisions to the Loan
Documents or changing in any manner the rights of the Lenders or the Borrower hereunder or waiving
any Default hereunder; provided, however, that:

     (a) no such supplemental agreement shall, without the consent of each Lender directly
affected thereby:

     (i) reduce the amount or postpone or extend the mandatory payments required
under Section 2.2 or any other regularly scheduled payment of principal of
any Loan or any payment date for, or forgive all or any portion of the principal
amount thereof or any Reimbursement Obligation related thereto, or reduce the rate
or extend the time of payment of interest or fees on any Loan or any Reimbursement
Obligations related thereto;

     (ii) increase the amount of such Lender’s Revolving Credit Commitment or the
Facility LC Commitment;

     (iii) reduce the amount of such Lender’s Revolving Credit Commitment or the
Facility LC Commitment, except as otherwise provided in Section 2.5(b);

     (iv) extend the termination date of any Revolving Credit Commitment or Facility
LC Commitment or the expiry date of any Facility LC beyond a date that is later than
the fifth Business Day prior to the Facility Termination Date; or

     (v) amend Section 11.2 or alter the manner in which payments or
prepayments or principal, interest or other amounts shall be applied as among the
Lenders or Types of Loan;

     (b) no such supplemental agreement shall, without the consent of all of the Lenders:

     (i) reduce the percentage specified in the definition of “Required Lenders”;

     (ii) amend this Section 8.2; and

     (iii) release all or substantially all of the Guarantors of any Credit
Extension or, except as provided in the Collateral Documents, release substantially
all of the Collateral; provided, however, that any Guarantor or Collateral may be
released if such Guarantor or such Collateral is sold or transferred as permitted
under this Agreement or any other Loan Document. For purposes of this subsection,
“substantial” means any Collateral, the aggregate book value of which is worth an
amount equal to or greater than ten percent (10%) of the tangible net worth of
Borrower calculated pursuant to Agreement Accounting Principles and as of the
immediately preceding fiscal quarter end;

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     (c) No amendment of any provision of this Agreement relating to the Agent shall be
effective without the written consent of the Agent; and

     (d) No amendment of any provision relating to any Issuer shall be effective without the
written consent of such Issuer.

Notwithstanding the foregoing, the Agent may waive payment of the fee required under
Section 12.3.2 without obtaining the consent of any other party to this Agreement.

     8.3 Preservation of Rights. No delay or omission of the Lenders, the Issuers or the
Agent to exercise any right under the Loan Documents shall impair such right or be construed to be
a waiver of any Default or an acquiescence therein, and the making of a Credit Extension
notwithstanding the existence of a Default or the inability of the Borrower to satisfy the
conditions precedent to such Credit Extension shall not constitute any waiver or acquiescence. Any
single or partial exercise of any such right shall not preclude other or further exercise thereof
or the exercise of any other right, and no waiver, amendment or other variation of the terms,
conditions or provisions of the Loan Documents whatsoever shall be valid unless in writing signed
by the Lenders required pursuant to Section 8.2, and then only to the extent in such writing
specifically set forth. All remedies contained in the Loan Documents or by law afforded shall be
cumulative and all shall be available to the Agent, the Issuers and the Lenders until the
Obligations have been paid in full.

ARTICLE IX

GENERAL PROVISIONS

     9.1 Survival of Representations. All representations and warranties of the Borrower
contained in this Agreement shall survive the making of the Credit Extensions herein contemplated.

     9.2 Governmental Regulation. Anything contained in this Agreement to the contrary notwithstanding, neither any Issuer
nor any Lender shall be obligated to extend credit to the Borrower in violation of any limitation
or prohibition provided by any applicable statute or regulation.

     9.3 Headings. Section headings in the Loan Documents are for convenience of reference
only, and shall not govern the interpretation of any of the provisions of the Loan Documents.

     9.4 Entire Agreement. The Loan Documents embody the entire agreement and
understanding among the Borrower, the Agent, the Issuers and the Lenders and supersede all prior
agreements and understandings among the Borrower, the Agent, the Issuers and the Lenders relating
to the subject matter thereof other than the Fee Letter. In the event of any conflict between the
terms of this Agreement and those of any other Loan Document, the terms of this Agreement shall
control, subject to the provisions of Section 9.15.

     9.5 Several Obligations; Benefits of this Agreement. The respective obligations of
the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any

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other (except to the extent to which the Agent is authorized to act as such) or shall be
responsible for any other Lender’s failure to make Loans as required hereby. The failure of any
Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of
its obligations hereunder. This Agreement shall not be construed so as to confer any right or
benefit upon any Person other than the parties to this Agreement and their respective successors
and assigns, provided, however, that the parties hereto expressly agree that BNPPSC shall enjoy the
benefits of the provisions of Section 9.6, Section 9.9 and Section 10.11 to the extent specifically
set forth therein and shall have the right to enforce such provisions on its own behalf and in its
own name to the same extent as if it were a party to this Agreement.

     9.6 Expenses; Indemnification.

     (a) The Borrower shall reimburse the Agent and BNPPSC for any costs, internal charges
and reasonable out-of-pocket expenses (including attorneys’ and accountants’ fees and time
charges of attorneys and accountants for the Agent, which attorneys may be employees of the
Agent) paid or incurred by the Agent or BNPPSC in connection with the preparation,
negotiation, execution, delivery, syndication, review, amendment, modification, and
administration of the Loan Documents. The Borrower also agrees to reimburse the Agent,
BNPPSC, the Issuers and the Lenders for any costs, internal charges and out-of-pocket
expenses (including attorneys’ fees and time charges of attorneys for the Agent, BNPPSC, the
Issuers and the Lenders, which attorneys may be employees of the Agent, BNPPSC, the Issuers
or the Lenders) paid or incurred by the Agent, BNPPSC, the Issuers or any Lender in
connection with the collection and enforcement of the Loan Documents. Notwithstanding the
foregoing sentence, the
Lenders shall only be reimbursed for the attorneys’ fees and time charges of attorneys
of one counsel that will represent all the Lenders unless (i) a conflict arises such that
the Lenders divergent interest can not be represented by one counsel or (ii) it has been
determined that special local counsel is necessary in connection with the collection and
enforcement of the Loan Documents. Expenses being reimbursed by the Borrower under this
Section include, without limitation, the cost and expense of an annual on site inspection
and audit of Borrower’s Inventory (or any other collateral the subject of the Collateral
Documents) and costs and expenses incurred in connection with the Reports described in the
following sentence. The Borrower acknowledges that from time to time the Agent may prepare
and may distribute to the Lenders (but shall have no obligation or duty to prepare or to
distribute to the Lenders) certain audit reports (the “Reports”) pertaining to the
Borrower’s assets for internal use by the Agent from information furnished to it by or on
behalf of the Borrower, after the Agent has exercised its rights of inspection pursuant to
this Agreement.

     (b) The Borrower hereby further agrees to indemnify the Agent, BNPPSC, the Issuers,
each Lender, the Affiliates of each of the foregoing and their respective directors,
officers, employees, advisors and agents (collectively, the “Indemnitees”) against
all losses, claims, damages, penalties, judgments, liabilities and expenses (including,
without limitation, all expenses of litigation or preparation therefor whether or not the
Indemnitee is a party thereto) which any of them may pay or incur arising out of or relating
to this Agreement, the other Loan Documents, the transactions contemplated hereby or the
direct or indirect application or proposed application of the proceeds of any Credit

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Extension hereunder, including any of such arising from any of said Indemnitees own
negligence or under any doctrine of strict liability, except to the extent that they are
determined in a final non-appealable judgment by a court of competent jurisdiction to have
resulted from the gross negligence or willful misconduct of Indemnitee seeking
indemnification. The obligations of the Borrower under this Section 9.6 shall
survive the termination of this Agreement.

     (c) Numbers of Documents. All statements, notices, closing documents, and
requests hereunder shall be furnished to the Agent with sufficient counterparts so that the
Agent may furnish one to each of the Lenders.

     9.7 Accounting. Except as otherwise expressly provided herein, all terms of an
accounting or financial nature are to be construed in accordance with the Agreement Accounting
Principles, as in effect from time to time, except that if the Borrower notifies the Agent that the
Borrower requests an amendment to any provision of this Agreement to eliminate the effect of any
change occurring after the Restatement Effective Date in Agreement Accounting Principles or in the
application thereof on the operation of such provision (or if the Agent notifies the Borrower that
the Required Lenders request an amendment to any provision of this Agreement for such purpose),
regardless of whether any such notice is given before or after such change in the Agreement
Accounting Principles or in the application thereof, then such provision will be interpreted on the
basis of the Agreement Accounting Principles as in effect and applied immediately before such
change becomes effective until such notice shall have been withdrawn or such provision
amended in accordance herewith. Notwithstanding anything in this Agreement to the contrary,
for purposes of calculating the net income, net worth, indebtedness and all other amounts included
in any financial ratio or test under this Agreement in each case of any Person in the Consolidated
Group other than the Borrower or its Subsidiaries (each such Person, a “FIN 46 Entity”), the
portion of such FIN 46 Entity’s net income, net worth, indebtedness or other such amount that shall
be included in such calculation under this Agreement for purposes of the Consolidated Group shall
equal (a) the total amount of such FIN 46 Entity’s net income, net worth, indebtedness or other
such amount multiplied by (b) the percentage of such FIN 46 Entity’s voting Capital Stock (or, if
no such Capital Stock exists, such FIN 46 Entity’s ownership interest) that is directly or (through
one or more Subsidiaries) indirectly held by the Borrower.

     9.8 Severability of Provisions. Any provision in any Loan Document that is held to be
inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be
inoperative, unenforceable, or invalid without affecting the remaining provisions in that
jurisdiction or the operation, enforceability, or validity of that provision in any other
jurisdiction, and to this end the provisions of all Loan Documents are declared to be severable.

     9.9 Nonliability of Lenders. The relationship between the Borrower on the one hand
and the Lenders, the Issuers and the Agent on the other hand shall be solely that of borrower and
lender. Neither the Agent, BNPPSC, any Issuer nor any Lender shall have any fiduciary
responsibilities to the Borrower. Neither the Agent, BNPPSC, any Issuer nor any Lender undertakes
any responsibility to the Borrower to review or inform the Borrower of any matter in connection
with any phase of the Borrower’s business or operations. The Borrower agrees that neither the
Agent, BNPPSC, any Issuer nor any Lender shall have liability to the Borrower (whether sounding in
tort, contract or otherwise) for losses suffered by the Borrower in

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connection with, arising out
of, or in any way related to, the transactions contemplated and the relationship established by the
Loan Documents, or any act, omission or event occurring in connection therewith, unless it is
determined in a final non-appealable judgment by a court of competent jurisdiction that such losses
resulted from the gross negligence or willful misconduct of the party from which recovery is
sought. Neither the Agent, BNPPSC, any Issuer nor any Lender shall have any liability with respect
to, and the Borrower hereby waives, releases and agrees not to sue for, any special, indirect or
consequential damages suffered by the Borrower in connection with, arising out of, or in any way
related to the Loan Documents or the transactions contemplated thereby.

     9.10 Confidentiality. Each Lender agrees to hold any confidential information which
it may receive from the Borrower pursuant to this Agreement in confidence, except for disclosure
(a) to its Affiliates and to other Lenders and their respective Affiliates, (b) to legal counsel,
accountants, and other professional advisors to such Lender or to a Transferee, (c) to regulatory
officials, (d) to any Person as required by law, regulation, or legal process, (e) to any Person in
connection with any legal proceeding to which such Lender is a party, (f) to such Lender’s direct
or indirect
contractual counterparties in swap agreements or to legal counsel, accountants and other
professional advisors to such counterparties, and (g) permitted by Section 12.4.

     9.11 Nonreliance. Each Lender hereby represents that it is not relying on or looking
to any margin stock (as defined in Regulation U of the Board of Governors of the Federal Reserve
System) for the repayment of the Credit Extensions provided for herein.

     9.12 Disclosure. Each party hereto (a) acknowledges and agrees that the Agent,
BNPPSC, any Issuer or any Lender and/or their respective Affiliates from time to time may hold
other investments in, make other loans to or have other relationships with the Borrower and its
Subsidiaries, and (b) waives any liability of any such party to any other party hereto,
respectively, arising out of or resulting from such investments, loans or relationships other than
liabilities arising out of the gross negligence or willful misconduct of the party holding such
investment, making such other loan or having such other relationship with the Borrower and its
Subsidiaries.

     9.13 Interest. Each provision in this Agreement and each other Loan Document is
expressly limited so that in no event whatsoever shall the amount paid, or otherwise agreed to be
paid, to the Agent or any Lender, or charged, contracted for, reserved, taken or received by the
Agent or any Lender, for the use, forbearance or detention of the money to be loaned under this
Agreement or any Loan Document or otherwise (including any sums paid as required by any covenant or
obligation contained herein or in any other Loan Document which is for the use, forbearance or
detention of such money), exceed that amount of money which would cause the effective rate of
interest to exceed the Highest Lawful Rate, and all amounts owed under this Agreement and each
other Loan Document shall be held to be subject to reduction to the effect that such amounts so
paid or agreed to be paid, charged, contracted for, reserved, taken or received which are for the
use, forbearance or detention of money under this Agreement or such Loan Document shall in no event
exceed that amount of money which would cause the effective rate of interest to exceed the Highest
Lawful Rate. Anything herein or in any Note or any other Loan Document to the contrary
notwithstanding, the Borrower shall not be required to pay unearned interest and the Borrower shall
not be required to pay interest on the Obligations at a

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rate in excess of the Highest Lawful Rate,
and if the effective rate of interest which would otherwise be payable hereunder, under such Note
or such Loan Documents would exceed the Highest Lawful Rate, or if any Lender or the holder of such
Note shall receive any unearned interest or shall receive monies that are deemed to constitute
interest which would increase the effective rate of interest payable by the Borrower hereunder or
under such Note or other Loan Documents to a rate in excess of the Highest Lawful Rate, then
(a) the amount of interest which would otherwise be payable by the Borrower shall be reduced to the
amount allowed under applicable law and (b) any unearned interest paid by the Borrower or any
interest paid by the Borrower in excess of the Highest Lawful Rate shall in the first instance be
credited on the principal of the Obligations of the Borrower (or if all such Obligations shall have
been paid in full, refunded to the Borrower). It is further agreed that, without limitation of the
foregoing, all calculations of the
rate of interest contracted for, reserved, taken, charged or received by any Lender under the
Notes and the Obligations and under the other Loan Documents are made for the purpose of
determining whether such rate exceeds the Highest Lawful Rate, and shall be made, to the extent
permitted by usury laws applicable to such Lender, by amortizing, prorating and spreading in equal
parts during the period of the full stated term of the Notes and this Agreement all interest at any
time contracted for, charged or received by such Lender in connection therewith. Furthermore, in
the event that the maturity of any Obligation is accelerated or in the event of any required or
permitted prepayment, then such consideration that constitutes interest under applicable law may
never include more than the maximum amount allowed by applicable law and excess interest, if any,
provided for in this Agreement, any Note or otherwise shall be canceled automatically as of the
date of such acceleration or prepayment and, if theretofore paid, shall be refunded to the
Borrower.

     9.14 Excess Share Certificates. The Agent and the Lenders acknowledge that
circumstances have required that the Borrower deliver to the Agent such stock certificates of
Foreign Subsidiaries, and in some cases, while the Borrower has agreed to pledge to the Agent and
the Lenders only 66% of the Capital Stock of first tier Foreign Subsidiaries, the Borrower has in
fact delivered to the Agent stock certificates representing, in some cases, 100% of the Capital
Stock of certain Foreign Subsidiaries. Each Lender and the Agent acknowledge and agree that in no
event shall the Agent or any Lender be deemed to have (and they each hereby disclaim and deny) any
Lien upon, security interest in or claim upon any shares of Capital Stock in excess of 66% thereof,
and the Agent and the Lenders agree to surrender such stock certificates as may evidence more than
66% of the Capital Stock of any Foreign Subsidiary to the Borrower upon request of Borrower, in
exchange for a stock certificate representing 66% of the Capital Stock of any such Foreign
Subsidiary.

     9.15 Survival of Prior Agreements. The rights and privileges afforded the Agent and
BNPPSC in the Fee Letter and in that letter agreement dated March 14, 2005 among BNPPSC, the Agent
and the Borrower, shall survive the execution of this Agreement and the Restatement Effective Date
and Agent and BNPPSC shall continue to be entitled to the benefits thereof.

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ARTICLE X

THE AGENT

     10.1 Appointment; Nature of Relationship. BNPP is hereby appointed by each of the
Lenders as its contractual representative (herein referred to as the “Agent”) hereunder and under
each other Loan Document, and each of the Lenders irrevocably authorizes the Agent to act as the
contractual representative of such Lender with the rights and duties expressly set forth herein and
in the other Loan Documents. The Agent agrees to act as such contractual representative upon the
express conditions contained in this Article X. Notwithstanding the use of the defined term
“Agent”, it is expressly
understood and agreed that the Agent shall not have any fiduciary responsibilities to any
Lender by reason of this Agreement or any other Loan Document and that the Agent is merely acting
as the contractual representative of the Lenders with only those duties as are expressly set forth
in this Agreement and the other Loan Documents. In its capacity as the Lenders’ contractual
representative, the Agent (a) does not hereby assume any fiduciary duties to any of the Lenders,
(b) is a “representative” of the Lenders within the meaning of Section 9-105 of the
Uniform Commercial Code and (c) is acting as an independent contractor, the rights and duties of
which are limited to those expressly set forth in this Agreement and the other Loan Documents.
Each of the Lenders hereby agrees to assert no claim against the Agent on any agency theory or any
other theory of liability for breach of fiduciary duty, all of which claims each Lender hereby
waives.

     10.2 Powers. The Agent shall have and may exercise such powers under the Loan
Documents as are specifically delegated to the Agent by the terms of each thereof, together with
such powers as are reasonably incidental thereto. The Agent shall have no implied duties to the
Lenders, or any obligation to the Lenders to take any action thereunder except any action
specifically provided by the Loan Documents to be taken by the Agent.

     10.3 General Immunity. Neither the Agent nor any of its directors, officers, agents
or employees shall be liable to the Borrower, any Lenders or any Issuer for any action taken or
omitted to be taken by it or them hereunder or under any other Loan Document or in connection
herewith or therewith except to the extent such action or inaction is determined in a final
non-appealable judgment by a court of competent jurisdiction to have arisen from the gross
negligence or willful misconduct of such Person.

     10.4 No Responsibility for Loans, Recitals, etc. Neither the Agent nor any of its
directors, officers, agents or employees shall be responsible for or have any duty to ascertain,
inquire into, or verify (a) any statement, warranty or representation made in connection with any
Loan Document or any borrowing hereunder; (b) the performance or observance of any of the covenants
or agreements of any obligor under any Loan Document, including, without limitation, any agreement
by an obligor to furnish information directly to each Lender; (c) the satisfaction of any condition
specified in Article IV, except receipt of items required to be delivered solely to the Agent;
(d) the existence or possible existence of any Default or Unmatured Default; (e) the validity,
enforceability, effectiveness, sufficiency or genuineness of any Loan Document or any other
instrument or writing furnished in connection therewith; (f) the value, sufficiency, creation,
perfection or priority of any Lien in any collateral security; or (g) the financial condition of
the Borrower or any guarantor of any of the Obligations or of any of the Borrower’s or any such

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guarantor’s respective Subsidiaries. The Agent shall have no duty to disclose to the Lenders
information that is not required to be furnished by the Borrower to the Agent at such time, but is
voluntarily furnished by the Borrower to the Agent (either in its capacity as Agent or in its
individual capacity).

     10.5 Action on Instructions of Lenders. The Agent shall in all cases be fully
protected in acting, or in refraining from acting, hereunder and under any other Loan Document in
accordance with written instructions signed by the Required Lenders or 100% of the Lenders where
required hereunder, and such instructions and any action taken or failure to act pursuant thereto
shall be binding on all of the Lenders. The Lenders hereby acknowledge that the Agent shall be
under no duty to take any discretionary action permitted to be taken by it pursuant to the
provisions of this Agreement or any other Loan Document unless it shall be requested in writing to
do so by the Required Lenders. The Agent shall be fully justified in failing or refusing to take
any action hereunder and under any other Loan Document unless it shall first be indemnified to its
satisfaction by the Lenders pro rata against any and all liability, cost and expense that it may
incur by reason of taking or continuing to take any such action.

     10.6 Employment of Agents and Counsel. The Agent may execute any of its duties as
Agent hereunder and under any other Loan Document by or through employees, agents, and
attorneys-in-fact and shall not be answerable to the Lenders, except as to money or securities
received by it or its authorized agents, for the default or misconduct of any such agents or
attorneys-in-fact selected by it with reasonable care. The Agent shall be entitled to advice of
counsel concerning the contractual arrangement between the Agent and the Lenders and all matters
pertaining to the Agent’s duties hereunder and under any other Loan Document.

     10.7 Reliance on Documents; Counsel. The Agent shall be entitled to rely upon any
Note, notice, consent, certificate, affidavit, letter, telegram, statement, paper or document
believed by it to be genuine and correct and to have been signed or sent by the proper person or
persons, and, in respect to legal matters, upon the opinion of counsel selected by the Agent, which
counsel may be employees of the Agent.

     10.8 Agent’s Reimbursement and Indemnification. The Lenders agree to reimburse and
indemnify the Agent ratably in proportion to their respective Commitments (or, if the Commitments
have been terminated, in proportion to their Commitments immediately prior to such termination)
(determined at the time such indemnity is sought) (a) for any amounts not reimbursed by the
Borrower for which the Agent is entitled to reimbursement by the Borrower under the Loan Documents,
(b) for any other expenses incurred by the Agent on behalf of the Lenders, in connection with the
preparation, execution, delivery, administration and enforcement of the Loan Documents (including,
without limitation, for any expenses incurred by the Agent in connection with any dispute between
the Agent and any Lender or between two or more of the Lenders) and (c) for any liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted
against the Agent in any way relating to or arising out of the Loan Documents or any other document
delivered in connection therewith or the transactions contemplated thereby (including, without
limitation, for any such amounts incurred by or asserted against the Agent in connection with any
dispute
between the Agent and any Lender or between two or more of the Lenders), or the enforcement of
any of the terms of the Loan

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Documents or of any such other documents, including any of such
arising from the Agent’s own negligence or under any doctrine of strict liability, in each case in
the Agent’s capacity as such, provided that (i) no Lender shall be liable for any of the foregoing
to the extent any of the foregoing is found in a final non-appealable judgment by a court of
competent jurisdiction to have resulted from the gross negligence or willful misconduct of the
Agent and (ii) any indemnification required pursuant to Section 3.5(f) shall, notwithstanding the
provisions of this Section 10.8, be paid by the relevant Lender in accordance with the provisions
thereof. The obligations of the Lenders under this Section 10.8 shall survive payment of the
Obligations and termination of this Agreement.

     10.9 Notice of Default. The Agent shall not be deemed to have knowledge or notice of
the occurrence of any Default or Unmatured Default hereunder unless the Agent has received written
notice from a Lender or the Borrower referring to this Agreement describing such Default or
Unmatured Default and stating that such notice is a “notice of default.” In the event that the
Agent receives such a notice, the Agent shall give prompt notice thereof to the Lenders. Receipt
by Agent of a notice of termination from any of the Guarantors under the “Termination” Section of
the Guaranty shall be a notice of default.

     10.10 Rights as a Lender. In the event the Agent is a Lender, the Agent shall have
the same rights and powers hereunder and under any other Loan Document with respect to its
Commitment and its Credit Extensions as any Lender and may exercise the same as though it were not
the Agent, and the term “Lender” or “Lenders” shall, at any time when the Agent is a Lender, unless
the context otherwise indicates, include the Agent in its individual capacity. The Agent and its
Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust,
debt, equity or other transaction, in addition to those contemplated by this Agreement or any other
Loan Document, with the Borrower or any of its Subsidiaries in which the Borrower or such
Subsidiary is not restricted hereby from engaging with any other Person. The Agent, in its
individual capacity, is not obligated to remain a Lender.

     10.11 Lender Credit Decision. Each Lender acknowledges that it has, independently and
without reliance upon the Agent, BNPPSC or any other Lender and based on the financial statements
prepared by the Borrower and such other documents and information as it has deemed appropriate,
made its own credit analysis and decision to enter into this Agreement and the other Loan
Documents. Each Lender also acknowledges that it will, independently and without reliance upon the
Agent, BNPPSC or any other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action
under this Agreement and the other Loan Documents.

     10.12 Successor Agent. The Agent may resign at any time by giving written notice thereof to the Lenders and the
Borrower, such resignation to be effective upon the appointment of a successor Agent or, if no
successor Agent has been appointed, forty-five days after the retiring Agent gives notice of its
intention to resign. The Agent may be removed at any time with or without cause by written notice
received by the Agent from the Required Lenders, such removal to be effective on the date specified
by the Required Lenders. Upon any such resignation or removal, the Required Lenders shall have the
right to appoint, on behalf of the Borrower and the Lenders, a successor Agent. If no successor
Agent shall have been so appointed by the Required Lenders within thirty days after the resigning
Agent’s giving notice of

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its intention to resign, then the resigning Agent may appoint, on behalf
of the Borrower and the Lenders, a successor Agent. Notwithstanding the previous sentence, the
Agent may at any time without the consent of the Borrower or any Lender, appoint any of its
Affiliates which is a commercial bank as a successor Agent hereunder. If the Agent has resigned or
been removed and no successor Agent has been appointed, the Lenders may perform all the duties of
the Agent hereunder and the Borrower shall make all payments in respect of the Obligations to the
applicable Lender and for all other purposes shall deal directly with the Lenders. No successor
Agent shall be deemed to be appointed hereunder until such successor Agent has accepted the
appointment. Any such successor Agent shall be a commercial bank having capital and retained
earnings of at least $100,000,000. Upon the acceptance of any appointment as Agent hereunder by a
successor Agent, such successor Agent shall thereupon succeed to and become vested with all the
rights, powers, privileges and duties of the resigning or removed Agent. Upon the effectiveness of
the resignation or removal of the Agent, the resigning or removed Agent shall be discharged from
its duties and obligations hereunder and under the Loan Documents. After the effectiveness of the
resignation or removal of an Agent, the provisions of this Article X shall continue in effect for
the benefit of such Agent in respect of any actions taken or omitted to be taken by it while it was
acting as the Agent hereunder and under the other Loan Documents. In the event that there is a
successor to the Agent by merger, or the Agent assigns its duties and obligations to an Affiliate
pursuant to this Section 10.12, then the term “Corporate Base Rate” as used in this Agreement shall
mean the prime rate, base rate or other analogous rate of the new Agent.

     10.13 Agent’s Fee. The Borrower agrees to pay to the Agent, for its own account, the
fees agreed to by the Borrower and the Agent pursuant to the Fee Letter, or as otherwise agreed
from time to time.

     10.14 Delegation to Affiliates. The Borrower and the Lenders agree that the Agent may
delegate any of its duties under this Agreement to any of its Affiliates. Any such Affiliate (and
such Affiliate’s directors, officers, agents and employees) which performs duties in connection
with this Agreement shall be entitled to the same benefits of the indemnification, waiver and other
protective provisions to which the Agent is entitled under Article IX and Article X.

     10.15 Execution of Collateral Documents.

     (a) The Lenders hereby empower and authorize the Agent to execute and deliver to the
Borrower on their behalf the Collateral Documents and all related financing statements and
any financing statements, agreements, documents or instruments as shall be necessary or
appropriate to effect the purposes of the Collateral Documents. Notwithstanding anything to
the contrary contained in this Agreement, the Agent is hereby empowered and authorized to
execute and deliver, on behalf of the Lenders, any intercreditor agreement reasonably
satisfactory to the Required Lenders pursuant to Section 6.15(i).

     (b) Notwithstanding any other provision of this Agreement, on the first date following
the Restatement Effective Date on which: (1) the Borrower has satisfied the Collateral
Release Event and (2) all Collateral under every Supplemental Credit Facility has
theretofore been or substantially contemporaneously therewith shall be released, the

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Borrower may request the Agent to take, and the Agent shall take promptly, any action
necessary to release all “Collateral” as defined in the Security Agreement and all Mortgaged
Property (collectively, such release, the “Collateral Release”). Notwithstanding
anything contained herein to the contrary, Borrower shall not be entitled to make the
request referred to in the preceding sentence until after the first date on which all
Lenders party to this Agreement shall have consented to this Section 10.15(b), whether by
means of executing and delivering a consent to the amendment and restatement of the Existing
Facility, acquiring an assignment interest hereunder from a Lender that has consented
thereto or is bound by a consent thereto, or otherwise.

     10.16 Collateral Releases. The Lenders hereby empower and authorize the Agent (1) to
execute and deliver to the Borrower on their behalf any agreements, documents or instruments as
shall be necessary or appropriate to effect any releases of Collateral which shall be permitted by
the terms hereof or of any other Loan Document or which shall otherwise have been approved by the
Required Lenders (or, if required by the terms of Section 8.2, all of the Lenders) in writing and
(2) to release from the Liens of the Collateral Documents any Property that does not constitute
“Collateral” by reason of the proviso of the definition of that term.

ARTICLE XI

SETOFF; RATABLE PAYMENTS

     11.1 Setoff.

     11.1.1 As Against the Borrower. In addition to, and without limitation of, any
rights of the Lenders under applicable law, if the Borrower becomes insolvent, however
evidenced, or any Default occurs, any and all deposits (including all account balances,
whether provisional or final and whether or not collected or available) and any other
Indebtedness at any time held or owing by any Lender or any Affiliate of any Lender to or
for the credit or account of the Borrower may be offset and applied toward the
payment of the Obligations owing to such Lender, whether or not the Obligations, or any
part hereof, shall then be due.

     11.1.2 As Against a Defaulting Lender. If any Lender fails to make any payment
required to be made by it pursuant to Section 2.1, Section 2.19.1 or 2.19.10, then the Agent
may, in its discretion and notwithstanding any contrary provision hereof, (i) apply any
amounts thereafter received by the Agent for the account of such Lender and for the benefit
of the Agent, the Swing Line Lender or the Issuer to satisfy such Lender’s obligations under
such Section until all such unsatisfied obligations are fully paid, and/or (ii) hold any
such amounts in a segregated account as cash collateral for, and application to, any future
funding obligations of such Lender under such Section, in any case referred to in either of
clauses (i) and (ii) above, in any order as determined by the Agent in its discretion.

     11.2 Ratable Payments. If any Lender, whether by setoff or otherwise, has payment
made to it upon its Outstanding Credit Exposure (other than payments received pursuant to
Section 3.1, Section 3.2, Section 3.4 or Section 3.5) in a greater proportion than that received by

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any other Lender, such Lender agrees, promptly upon demand, to purchase a portion of the Aggregate
Outstanding Credit Exposure held by the other Lenders so that after such purchase each Lender will
hold its Pro Rata Share of the Aggregate Outstanding Credit Exposure. If any Lender, whether in
connection with setoff or amounts which might be subject to setoff or otherwise, receives
collateral or other protection for its Obligations or such amounts which may be subject to setoff,
such Lender agrees, promptly upon demand, to take such action necessary such that all Lenders share
in the benefits of such collateral ratably in proportion to their respective Pro Rata Shares of the
Aggregate Outstanding Credit Exposure. In case any such payment is disturbed by legal process, or
otherwise, appropriate further adjustments shall be made.

ARTICLE XII

BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS

     12.1 Successors and Assigns. The terms and provisions of the Loan Documents shall be
binding upon and inure to the benefit of the Borrower and the Lenders and their respective
successors and assigns, except that (a) the Borrower shall not have the right to assign its rights
or obligations under the Loan Documents and (b) any assignment by any Lender must be made in
compliance with Section 12.3. Notwithstanding clause (b) of this Section, any Lender may at any
time, without the consent of the Borrower or the Agent, assign all or any portion of its rights
under this Agreement and any Note to a Federal Reserve Bank; provided, however, that no such
assignment to a Federal Reserve Bank shall release the transferor Lender from its obligations
hereunder. The Agent may treat the Person which made any Credit Extension or which holds any Note
as the owner thereof for all purposes hereof unless and until such Person complies with
Section 12.3 in the case of an assignment thereof or, in the case of any other transfer, a written
notice of the transfer is filed with the Agent. Any assignee or transferee of the rights to any
Credit Extension or any Note agrees by acceptance of such transfer or assignment to be bound
by all the terms and provisions of the Loan Documents. Any request, authority or consent of any
Person, who at the time of making such request or giving such authority or consent is the owner of
the rights to any Credit Extension (whether or not a Note has been issued in evidence thereof),
shall be conclusive and binding on any subsequent holder, transferee or assignee of the rights to
such Credit Extension.

     12.2 Participations.

     12.2.1 Permitted Participants; Effect. Any Lender may, in the ordinary course
of its business and in accordance with applicable law, at any time sell to one or more banks
or other entities (“Participants”) participating interests in any Outstanding Credit
Exposure of such Lender, any Note held by such Lender, any Commitment of such Lender or any
other interest of such Lender under the Loan Documents. In the event of any such sale by a
Lender of participating interests to a Participant, such Lender’s obligations under the Loan
Documents shall remain unchanged, such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations, such Lender shall remain the owner
of its Outstanding Credit Exposure and the holder of any Note issued to it in evidence
thereof for all purposes under the Loan Documents, all amounts payable by the Borrower under
this Agreement shall be determined as if such

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Lender had not sold such participating
interests, and the Borrower and the Agent shall continue to deal solely and directly with
such Lender in connection with such Lender’s rights and obligations under the Loan
Documents.

     12.2.2 Voting Rights. Each Lender shall retain the sole right to approve,
without the consent of any Participant, any amendment, modification or waiver of any
provision of the Loan Documents other than any amendment, modification or waiver with
respect to any Credit Extension or Commitment in which such Participant has an interest
which forgives principal, interest, or any Reimbursement Obligation or reduces the interest
rate or fees payable with respect to any such Credit Extension or Commitment, extends the
Facility Termination Date applicable to it, postpones any date fixed for any
regularly-scheduled payment of principal of or interest on any Loan in which such
Participant has an interest, or any regularly-scheduled payment of fees on any such Credit
Extension or Commitment, releases any guarantor of any such Credit Extension or releases
(except in connection with the Collateral Release) any Collateral held in the Facility LC
Collateral Account (except in accordance with the terms hereof) or all or substantially all
of any other Collateral, if any, securing any such Credit Extension.

     12.2.3 Benefit of Setoff. The Borrower agrees that each Participant shall be
deemed to have the right of setoff provided in Section 11.1 in respect of its
participating interest in amounts owing under the Loan Documents to the same extent as if
the amount of its participating interest were owing directly to it as a Lender under the
Loan Documents, provided that each Lender shall retain the right of setoff provided in
Section 11.1 with respect to the amount of participating interests sold to each
Participant. The Lenders agree to share with each Participant, and each Participant, by
exercising the
right of setoff provided in Section 11.1, agrees to share with each Lender, any
amount received pursuant to the exercise of its right of setoff, such amounts to be shared
in accordance with Section 11.2 as if each Participant were a Lender.

     12.3 Assignments.

     12.3.1 Permitted Assignments. Any Lender may, in the ordinary course of its
business and in accordance with applicable law, at any time assign to one or more banks or
other entities (“Purchasers”) all or any part of its rights and obligations under
the Loan Documents, provided (a) any such assignment must be of a Pro Rata Share of both the
Revolving Credit Commitment and the Facility LC Commitment of such assignor. Such
assignment shall be substantially in the form of Exhibit 12.3.1 or in such other
form as may be agreed to by the parties thereto and (b) if such Lender shall not have
theretofore consented to Section 10.15(b) hereof (by means of executing and delivering a
consent to the amendment and restatement of the Existing Facility or otherwise), then any
assignee must consent thereto at the time of such assignment in a manner reasonably
acceptable to the Agent (it being understood and agreed that any such consent theretofore
granted by a Lender shall be binding upon all immediate and subsequent assignees holding the
interests so assigned). The consent of the Borrower, the Agent, the Swing Line Lender and
each Issuer shall be required prior to an assignment becoming effective; provided if a
Default has occurred and is continuing, or if the assignment is to a Lender or an Affiliate
thereof, the consent of the Borrower shall not be required. Such consent shall not be

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unreasonably withheld or delayed; provided, however, that in the event that the prospective
assignee is unable or unwilling to deliver to the Borrower Forms W-8BEN or W-8ECI (or
successor forms, as applicable) demonstrating such assignee’s exemption from United States
Taxes with respect to all interest payments to be made to such assignee hereunder, then such
inability or unwillingness shall constitute a reasonable basis for refusing to consent to
such transfer. Each such assignment with respect to a Purchaser which is not a Lender or an
Affiliate thereof shall (unless each of the Borrower and the Agent otherwise consents) be in
an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the
assigning Lender’s Commitment (calculated as at the date of such assignment) or outstanding
Credit Extensions (if the applicable Commitment has been terminated), unless otherwise
agreed by the Borrower and the Agent.

     12.3.2 Effect; Effective Date. Upon (i) delivery to the Agent of an
assignment, together with any consents required by Section 12.3.1, and (ii) payment
of a $3,500 fee to the Agent for processing such assignment, such assignment shall become
effective on the effective date specified in such assignment. The assignment shall contain
a representation by the Purchaser to the effect that none of the consideration used to make
the purchase of the Commitment and Outstanding Credit Exposure under the applicable
assignment agreement constitutes “plan assets” as defined under ERISA and that the rights
and interests of the Purchaser in and under the Loan Documents will not be “plan assets”
under ERISA. On and after the effective date of such assignment, such Purchaser shall for
all purposes be a Lender party to this Agreement and any other Loan Document
executed by or on behalf of the Lenders and shall have all the rights and obligations
of a Lender under the Loan Documents, to the same extent as if it were an original party
hereto, and no further consent or action by the Borrower, the Lenders or the Agent shall be
required to release the transferor Lender with respect to the percentage of the Aggregate
Commitment and Outstanding Credit Exposure assigned to such Purchaser. Upon the
consummation of any assignment to a Purchaser pursuant to this Section 12.3.2, the
transferor Lender, the Agent and the Borrower shall, if the transferor Lender or the
Purchaser desires that its Loans be evidenced by Notes, make appropriate arrangements so
that new Notes or, as appropriate, replacement Notes are issued to such transferor Lender
and new Notes or, as appropriate, replacement Notes, are issued to such Purchaser, in each
case in principal amounts reflecting their respective Commitments, as adjusted pursuant to
such assignment.

     12.3.3 Dissenting Lender. If any Lender shall inform the Agent that such
Lender (“Dissenting Lender”) will not consent to, or otherwise agree with, any
consent, waiver, amendment, supplement or other modification of any provisions of this
Agreement or any other Loan Document, or that such Dissenting Lender will not otherwise
agree with the decisions made by the Purchasing Lender (as defined below), the Lenders, the
Agent and the Borrower hereby agree that BNPP (or any successor Agent pursuant to the terms
hereof) in its individual capacity as a Lender (the “Purchasing Lender”) may, but
shall not be obligated to, with the Borrower’s consent, (a) purchase all of the Dissenting
Lenders’ rights and obligations under the Loan Documents pursuant to an assignment
substantially in the form of Exhibit 12.3.1 or in such other form as may be agreed
to by the parties thereto for cash consideration equal to 100% of the outstanding Advances,

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interest, fees and other amounts then accrued but unpaid to such Dissenting Lender,
(b) assume all obligations of the Dissenting Lender under the Loan Documents which
obligations as to the Dissenting Lender shall be terminated as of such date, and (c) to
comply with the requirements of Section 12.3 applicable to such assignments;
provided that, the Borrower’s consent required under this Section shall not be unreasonably
withheld and shall not be required if an Event of Default has occurred and is continuing.

     12.4 Dissemination of Information. The Borrower authorizes each Lender to disclose to
any Participant or Purchaser or any other Person acquiring an interest in the Loan Documents by
operation of law (each, a “Transferee”) and any prospective Transferee any and all information in
such Lender’s possession concerning the creditworthiness of the Borrower and its Subsidiaries,
including without limitation any information contained in any Reports; provided that each
Transferee and prospective Transferee agrees to be bound by Section 9.10 of this Agreement.

     12.5 Tax Treatment. If any interest in any Loan Document is transferred to any
Transferee which is organized under the laws of any jurisdiction other than the United States or
any State thereof, the transferor Lender shall cause such Transferee, concurrently with the
effectiveness of such transfer, to comply with the provisions of Section 3.5(c).

ARTICLE XIII

NOTICES

     13.1 Notices. Except as otherwise permitted by Section 2.14 with respect to borrowing
notices, all notices, requests and other communications to any party hereunder shall be in writing
(including electronic transmission, facsimile transmission or similar writing) and shall be given
to such party: (a) in the case of the Borrower or the Agent, at its address or facsimile number set
forth on the signature pages hereof or in the case of electronic transmission, to the electronic
addresses given to the Agent in writing prior to the Restatement Effective Date, (b) in the case of
any Lender, at its address or facsimile number set forth on its signature page hereof or (c) in the
case of any party, at such other address or facsimile number as such party may hereafter specify
for the purpose by notice to the Agent and the Borrower in accordance with the provisions of this
Section 13.1. Each such notice, request or other communication shall be effective (i) if given by
facsimile transmission, when transmitted to the facsimile number specified in this Section and
confirmation of receipt is received, (ii) if given by mail, 72 hours after such communication is
deposited in the mails with first class postage prepaid, addressed as aforesaid, or (iii) if given
by any other means, when delivered (or, in the case of electronic transmission, received) at the
address specified in this Section; provided that notices to the Agent under Article II shall not be
effective until received.

     13.2 Change of Address. The Borrower, the Agent and any Lender may each change the
address for service of notice upon it by a notice in writing to the other parties hereto.

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ARTICLE XIV

COUNTERPARTS

     This Agreement may be executed in any number of counterparts, all of which taken together
shall constitute one agreement, and any of the parties hereto may execute this Agreement by signing
any such counterpart. This Agreement shall be effective when it has been executed by the Borrower,
the Agent, and the Lenders and each party has notified the Agent by facsimile transmission or
telephone that it has taken such action.

ARTICLE XV

CHOICE OF LAW; CONSENT TO JURISDICTION;

WAIVER OF JURY TRIAL; ETC

     15.1 CHOICE OF LAW. THE LOAN DOCUMENTS (OTHER THAN THOSE CONTAINING A CONTRARY
EXPRESS CHOICE OF LAW PROVISION) SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (WITHOUT
REGARD TO THE
CONFLICT OF LAWS PROVISIONS) OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS
APPLICABLE TO NATIONAL BANKS. WITHOUT LIMITATION OF THE FOREGOING, NOTHING IN THIS AGREEMENT, OR
IN THE NOTES OR IN ANY OTHER LOAN DOCUMENT SHALL BE DEEMED TO CONSTITUTE A WAIVER OF ANY RIGHTS
WHICH ANY LENDER MAY HAVE UNDER APPLICABLE FEDERAL LEGISLATION RELATING TO THE AMOUNT OF INTEREST
WHICH SUCH LENDER MAY CONTRACT FOR, TAKE, RECEIVE OR CHARGE IN RESPECT OF THE LOAN AND THE LOAN
DOCUMENTS, INCLUDING ANY RIGHT TO TAKE, RECEIVE, RESERVE AND CHARGE INTEREST AT THE RATE ALLOWED BY
THE LAW OF THE STATE WHERE ANY LENDER IS LOCATED.

     15.2 CONSENT TO JURISDICTION. THE BORROWER AND EACH GUARANTOR HEREBY IRREVOCABLY
SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR NEW YORK STATE COURT
SITTING IN NEW YORK, NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN
DOCUMENTS AND THE BORROWER AND EACH GUARANTOR HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT
OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES
ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING
BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT
THE RIGHT OF THE AGENT, ANY ISSUER OR ANY LENDER TO BRING PROCEEDINGS AGAINST THE BORROWER OR ANY
GUARANTOR IN THE COURTS OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY THE BORROWER OR ANY
GUARANTOR AGAINST THE AGENT, ANY ISSUER, ANY LENDER OR ANY AFFILIATE OF THE AGENT, ANY ISSUER OR
ANY LENDER INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING

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OUT OF, RELATED TO, OR
CONNECTED WITH ANY LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A COURT IN NEW YORK, NEW YORK.

     15.3 WAIVER OF JURY TRIAL. THE BORROWER, EACH GUARANTOR, THE AGENT, EACH ISSUER AND
EACH LENDER HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR
INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF,
RELATED TO, OR CONNECTED WITH ANY LOAN DOCUMENT OR THE RELATIONSHIP ESTABLISHED THEREUNDER.

     15.4 Judgment Currency. If for the purposes of obtaining judgment in any court it is
necessary to convert a sum due from the Borrower hereunder in the currency expressed to be payable
herein (the “specified
currency”) into another currency, the parties hereto agree, to the fullest extent that they
may effectively do so, that the rate of exchange used shall be that at which in accordance with
normal banking procedures the Agent could purchase the specified currency with such other currency
at the Agent’s main New York office on the Business Day preceding that on which final,
non-appealable judgment is given. The obligations of the Borrower in respect of any sum due to any
Lender, any Issuer or the Agent hereunder shall, notwithstanding any judgment in a currency other
than the specified currency, be discharged only to the extent that on the Business Day following
receipt by such Lender, such Issuer or the Agent (as the case may be) of any sum adjudged to be so
due in such other currency such Lender, such Issuer or the Agent (as the case may be) may in
accordance with normal, reasonable banking procedures purchase the specified currency with such
other currency. If the amount of the specified currency so purchased is less than the sum
originally due to such Lender, such Issuer or the Agent, as the case may be, in the specified
currency, the Borrower agrees, to the fullest extent that it may effectively do so, as a separate
obligation and notwithstanding any such judgment, to indemnify such Lender, such Issuer or the
Agent, as the case may be, against such loss, and if the amount of the specified currency so
purchased exceeds (a) the sum originally due to any Lender, any Issuer or the Agent, as the case
may be, in the specified currency and (b) any amounts shared with other Lenders as a result of
allocations of such excess as a disproportionate payment to such Lender under Section 11.2, such
Lender, such Issuer or the Agent, as the case may be, agrees to remit such excess to the Borrower.

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

     15.6 Waiver of Immunity. To the extent that the Borrower or any Guarantor may be or
become entitled to claim for itself or its Property any immunity on the ground of sovereignty or
the like from suit, court jurisdiction, attachment prior to judgment, attachment in aid of
execution of a judgment or execution of a judgment, and to the extent that in any such jurisdiction
there may be attributed such an immunity (whether or not claimed), the Borrower and each Guarantor
hereby irrevocably agrees not to claim and hereby irrevocably waives such immunity with respect to
its obligations under the Loan Documents.

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     15.7 Delivery of Lender Addendum. Each Lender that executes and delivers a Lender
Addendum shall by executing its Lender Addendum be bound by and entitled to the benefits of the
Loan Documents as a Lender with the Commitments set forth opposite its name in such Lender
Addendum.

     15.8 Separateness of Excluded SPV. The Lenders acknowledge (i) the separateness of the Excluded SPV from other Persons,
(ii) that each holder of the Excluded SPV Notes has likely purchased the Excluded SPV Notes in
reliance upon the separateness of the Excluded SPV from other Persons, (iii) that the Excluded SPV
has assets and liabilities that are separate from those of other Persons, (iv) that the obligations
of the Borrower and the Guarantors under the Loan Documents, and any certificate, notice,
instrument or document delivered pursuant thereto (A) do not constitute a debt or obligation of the
Excluded SPV and (B) have not been guaranteed by the Excluded SPV, and (v) that the Excluded SPV
shall not be personally liable to the Lenders for any amounts payable or any liability under any
Loan Document or and any certificate, notice, instrument or document delivered pursuant thereto.

[Remainder of this page intentionally left blank. Signature pages follow.]

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     IN WITNESS WHEREOF, the Borrower, the Guarantors, the Lenders and the Agent
have executed this Agreement as of the date first above written.

	 	 	 	 	 	 	 	 	 
	 	 	THE SHAW GROUP INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Brian K. Ferraioli	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	  Brian K. Ferraioli	 	 
	 

	 	 	 	Title:
	 	
  Executive Vice President and

  Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	Address: 4171 Essen Lane	 	 
	 

	 	 	 	 	 	  Baton Rouge, Louisiana 70809	 	 
	 

	 	 	 	 	 	  Attention: David Kinnison	 	 
	 

	 	 	 	 	 	  Telephone: 225-932-2573	 	 
	 

	 	 	 	 	 	  Telecopy: 225-987-3114	 	 

   

 

GUARANTORS:

LANDBANK PROPERTIES, L.L.C.

By its sole member

	 	 	 	 	 
	 	The LandBank Group, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and Assistant Treasurer 	 
	 

ARLINGTON AVENUE E VENTURE, LLC

BENICIA NORTH GATEWAY II, L.L.C.

CAMDEN ROAD VENTURE, LLC

CHIMENTO WETLANDS, L.L.C.

GREAT SOUTHWEST PARKWAY VENTURE, LLC

HL NEWHALL II, L.L.C.

JERNEE MILL ROAD, L.L.C.

KATO ROAD II, L.L.C.

KIP I, L.L.C.

LANDBANK BAKER, L.L.C.

MILLSTONE RIVER WETLAND SERVICES, L.L.C.

NORWOOD VENTURE I, L.L.C.

OTAY MESA VENTURES II, L.L.C.

PLATTSBURG VENTURE, L.L.C.

RARITAN VENTURE I, L.L.C.

WHIPPANY VENTURE I, L.L.C.

By their sole member

LandBank Properties, L.L.C.

by its sole member

	 	 	 	 	 
	 	The LandBank Group, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Assistant Treasurer 	 
	 

 

 

AMERICAN PLASTIC PIPE AND SUPPLY, L.L.C.

LFG SPECIALTIES, L.L.C.

SO-GLEN GAS CO., LLC

By their sole member

	 	 	 	 	 
	 	EMCON/OWT, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

SHAW FT. LEONARD WOOD HOUSING, L.L.C.

SHAW BEALE HOUSING, L.L.C.

SHAW HANSCOM HOUSING, L.L.C.

SHAW LITTLE ROCK HOUSING, L.L.C.

SHAW NORTHEAST HOUSING, L.L.C.

SHAW NORTHWEST HOUSING, L.L.C.

By their sole member

	 	 	 	 	 
	 	Shaw Infrastructure, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

 

 

FT. LEONARD WOOD MANAGEMENT COMPANY, L.L.C.

By its sole member

Shaw Ft. Leonard Wood Housing II, L.L.C.

By its sole member

Shaw Ft. Leonard Wood Housing, L.L.C.

By its sole member

	 	 	 	 	 
	 	 	Shaw Infrastructure, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

SHAW GBB, LLC

SHAW LIQUID SOLUTIONS, LLC

By their sole member

Shaw Environmental & Infrastructure, Inc.

	 	 	 	 	 
	 	 	 
	 	By:  	                                              /s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

SHAW GBB INTERNATIONAL, LLC

By its sole member

Shaw GBB, L.L.C.

By its sole member

	 	 	 	 	 
	 	Shaw Environmental & Infrastructure, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

 

 

SELS ADMINISTRATIVE SERVICES, L.L.C.

By its sole member

Shaw Environmental Liability Solutions, L.L.C.

By its sole member

	 	 	 	 	 
	 	Shaw E & I Investment Holdings, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

SHAW ENVIRONMENTAL LIABILITY SOLUTIONS, L.L.C.

By its sole member

	 	 	 	 	 
	 	Shaw E & I Investment Holdings, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

HYDRO POWER SOLUTIONS LLC

By its sole member

Shaw California, L.L.C.

By its sole member

	 	 	 	 	 
	 	Shaw Environmental, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and

Treasurer 	 
	 

 

 

SHAW CALIFORNIA, L.L.C.

By its sole member

	 	 	 	 	 
	 	Shaw Environmental, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

BADGER TECHNOLOGY HOLDINGS, L.L.C.

By its sole member

Badger Technologies, L.L.C.

By its sole member

	 	 	 	 	 
	 	Stone & Webster Process Technology, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	President and Treasurer 	 
	 

BADGER TECHNOLOGIES, L.L.C.

By its sole member

	 	 	 	 	 
	 	Stone & Webster Process Technology, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	President and Treasurer 	 
	 

 

 

NUCLEAR TECHNOLOGY SOLUTIONS, L.L.C.

By its sole member

SC Woods, L.L.C.

By its sole member

	 	 	 	 	 
	 	Stone & Webster, Inc.

 	 
	 	By:  	/s/    Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

SC WOODS, L.L.C.

INTERNATIONAL CONSULTANTS, L.L.C.

STONE & WEBSTER SERVICES, L.L.C.

By their sole member

	 	 	 	 	 
	 	Stone & Webster, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

STONE & WEBSTER CONSTRUCTION SERVICES, L.L.C.

By its sole member

	 	 	 	 	 
	 	Stone & Webster Construction, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

 

 

SHAW RIO GRANDE HOLDINGS, L.L.C.

By its sole member

Shaw Rio Grande Valley Fabrication & Manufacturing, L.L.C.

By its sole member

	 	 	 	 	 
	 	Shaw Power Services, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

SHAW RIO GRANDE VALLEY FABRICATION & 

MANUFACTURING, L.L.C.

By its sole member

	 	 	 	 	 
	 	Shaw Power Services, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

EDS EQUIPMENT COMPANY, LLC

By its sole member

	 	 	 	 	 
	 	Shaw Transmission & Distribution Services, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

 

 

GREATER BATON ROUGE ETHANOL, L.L.C.

By its sole member

Shaw Biofuels, L.L.C.

By its sole member

	 	 	 	 	 
	 	Shaw Capital, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

SHAW BIOFUELS, L.L.C.

By its sole member

	 	 	 	 	 
	 	Shaw Capital, Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Treasurer 	 
	 

SHAW MEXICO, L.L.C.

By its sole member

Shaw Americas, L.L.C.

By its sole member

	 	 	 	 	 
	 	The Shaw Group Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Chief Financial Officer 	 
	 

 

 

SHAW AMERICAS, L.L.C.

SHAW JV HOLDINGS, L.L.C.

SHAW POWER SERVICES GROUP, L.L.C.

SHAW REMEDIATION SERVICES, L.L.C.

SHAW SERVICES, L.L.C.

By their sole member

	 	 	 	 	 
	 	The Shaw Group Inc.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	GFM REAL ESTATE LLC

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Manager 	 
	 

INTEGRATED SITE SOLUTIONS, L.L.C.

SHAW GLOBAL, L.L.C.

	 	 	 	 	 
	 	 	 
	 	By:  	                /s/ George P. Bevan
 	 
	 	 	Name:  	George P. Bevan 	 
	 	 	Title:  	President and Treasurer 	 
	 

 

 

B.F. SHAW, INC.

C.B.P. ENGINEERING CORP.

EMCON/OWT, INC.

ENVIROGEN, INC.

GHG SOLUTIONS, INC.

MWR, INC.

PIKE PROPERTIES I, INC.

PIKE PROPERTIES II, INC.

PROSPECT INDUSTRIES (HOLDINGS), INC.

SHAW ALASKA, INC.

SHAW ALLOY PIPING PRODUCTS, INC.

SHAW APP TUBELINE, INC.

SHAW BENECO, INC.

SHAW CAPITAL, INC.

SHAW CMS, INC.

SHAW COASTAL, INC.

SHAW CONNEX, INC.

SHAW CONSULTANTS INTERNATIONAL, INC.

SHAW E & I INVESTMENT HOLDINGS, INC.

SHAW ENERGY & CHEMICALS, INC.

SHAW ENERGY & CHEMICALS INTERNATIONAL, INC.

SHAW ENVIRONMENTAL & INFRASTRUCTURE, INC.

SHAW ENVIRONMENTAL & INFRASTRUCTURE INTERNATIONAL, INC.

SHAW ENVIRONMENTAL INTERNATIONAL, INC.

SHAW ENVIRONMENTAL & INFRASTRUCTURE MASSACHUSETTS, INC.

SHAW ENVIRONMENTAL, INC.

SHAW EUROPE, INC.

SHAW FABRICATION & MANUFACTURING, INC.

SHAW FABRICATION & MANUFACTURING 

INTERNATIONAL, INC.

SHAW FABRICATORS, INC.

SHAW FACILITIES, INC.

SHAW FIELD SERVICES, INC.

SHAW GBB MAINTENANCE, INC.

SHAW GLOBAL ENERGY SERVICES, INC.

SHAW GLOBAL OFFSHORE SERVICES, INC.

SHAW GRP OF CALIFORNIA

SHAW HOME LOUISIANA, INC.

SHAW INDUSTRIAL SUPPLY CO., INC.

SHAW INFRASTRUCTURE, INC.

SHAW MAINTENANCE, INC.

SHAW MID STATES PIPE FABRICATING, INC.

SHAW MORGAN CITY TERMINAL, INC.

 

 

	 	 	 	 	 
	 	SHAW NAPTECH, INC.

SHAW NC COMPANY, INC.

SHAW NORTH CAROLINA, INC.

SHAW NUCLEAR SERVICES, INC.

SHAW POWER, INC.

SHAW POWER DELIVERY SYSTEMS, INC.

SHAW POWER INTERNATIONAL, INC.

SHAW POWER SERVICES, INC.

SHAW PROCESS AND INDUSTRIAL GROUP, INC.

SHAW PROCESS FABRICATORS, INC.

SHAW PROJECT SERVICES GROUP, INC.

SHAW SSS FABRICATORS, INC.

SHAW STONE & WEBSTER PUERTO RICO, INC.

SHAW SUNLAND FABRICATORS, INC.

SHAW TRANSMISSION & DISTRIBUTION SERVICES, INC.

SHAW TRANSMISSION & DISTRIBUTION SERVICES 

INTERNATIONAL, INC.

SHAW TULSA FABRICATORS, INC.

STONE & WEBSTER, INC.

STONE & WEBSTER ASIA, INC.

STONE & WEBSTER CONSTRUCTION, INC.

STONE & WEBSTER HOLDING ONE, INC

STONE & WEBSTER HOLDING TWO, INC.

STONE & WEBSTER INTERNATIONAL, INC.

STONE & WEBSTER MASSACHUSETTS, INC.

STONE & WEBSTER MICHIGAN, INC.

STONE & WEBSTER PROCESS TECHNOLOGY, INC.

THE LANDBANK GROUP, INC.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	Executive Vice President and 

Assistant Treasurer 	 
	 

 

 

	 	 	 	 	 
	 	FIELD SERVICES, INC.

SHAW CAPITAL (NEVADA), INC.

SHAW INTELLECTUAL PROPERTY HOLDINGS, INC.

SHAW INTERNATIONAL, INC.

SHAW INTERNATIONAL MANAGEMENT 
SERVICES ONE, INC.

SHAW INTERNATIONAL MANAGEMENT 

SERVICES TWO, INC.

SHAW MANAGED SERVICES, INC.

SHAW MANAGEMENT SERVICES ONE, INC.

SHAW PROPERTY HOLDINGS, INC.

STONE & WEBSTER INTERNATIONAL HOLDINGS, INC.

 	 
	 	By:  	/s/ Brian K. Ferraioli
 	 
	 	 	Name:  	Brian K. Ferraioli 	 
	 	 	Title:  	President and Treasurer 	 
	 
	 	SHAW ENERGY SERVICES, INC.

 	 
	 	By:  	/s/ Clarence Ray
 	 
	 	 	Name:  	Clarence Ray 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	SHAW CONSTRUCTORS, INC.

 	 
	 	By:  	/s/ Samuel K. Robison
 	 
	 	 	Name:  	Samuel K. Robison 	 
	 	 	Title:  	Vice President and Secretary 	 
	 

 

 

	 	 	 	 	 
	 	AGENT:

BNP PARIBAS, as Agent

 	 
	 	By:  	/s/ John D. Emery
 	 
	 	 	Name:  	John D. Emery 	 
	 	 	Title:  	Director, Loan and High Yield Capital Markets 	 
	 
	 	 	 
	 	By:  	                            /s/ John Treadwell
 	 
	 	 	Name:  	John Treadwell 	 
	 	 	Title:  	Vice President 	 
	 

 

 

ANNEX I

LENDERS

Amegy Bank N.A.

Arab Banking Corporation (B.S.C.)

Bank of America, N.A.

The Bank of Nova Scotia

BMO Capital Markets Financing, Inc.

BNP Paribas

Compass Bank

Credit Suisse, Cayman Islands Branch

Fifth Third Bank

HSBC Bank USA, National Association

KeyBank National Association

Metropolitan Life Insurance Company

Mizuho Corporate Bank, Ltd.

Morgan Stanley Bank, N.A.

Natixis

Preferred Bank

Regions Bank

Sumitomo Mitsui Banking Corporation

SunTrust Bank

The Governor and Company of the Bank of Ireland

The Norinchukin Bank, New York Branch

UBS Loan Finance LLC

United Overseas Bank Limited, New York Agency

Wachovia Bank, N.A.

Exhibits and Schedules — Page 1  

 

PRICING SCHEDULE

     The Applicable Margin and Applicable Fee Rate shall be determined in accordance with the
following tables, so long as the Loans are rated by Moody’s and S&P, based upon the ratings by
Moody’s and S&P, respectively, applicable on such date to the Loans:

     The following table applies to 2010 Lenders and 2011 Lenders:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Applicable	 	Applicable	 	Financial LC	 	Performance	 	 
	Level	 	Rating Levels	 	LIBOR Margin	 	ABR Margin	 	Fee	 	LC Fee	 	Commitment Fee
	I	 	BBB-/Baa3 or above
	 	 	1.500	%	 	 	0.000	%	 	 	1.500	%	 	 	1.125	%	 	 	0.250	%
	II	 	BB+/Ba1
	 	 	1.750	%	 	 	0.250	%	 	 	1.750	%	 	 	1.375	%	 	 	0.300	%
	III	 	BB/Ba2
	 	 	2.000	%	 	 	0.250	%	 	 	2.000	%	 	 	1.500	%	 	 	0.375	%
	IV	 	BB-/Ba3
	 	 	2.500	%	 	 	0.500	%	 	 	2.500	%	 	 	1.875	%	 	 	0.500	%
	V	 	B+/B1 or below
	 	 	3.000	%	 	 	0.500	%	 	 	3.000	%	 	 	2.500	%	 	 	0.625	%

The following table applies to 2012 Lenders:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Applicable	 	Applicable	 	Financial LC	 	Performance	 	 
	Level	 	Rating Levels	 	LIBOR Margin	 	ABR Margin	 	Fee	 	LC Fee	 	Commitment Fee
	I	 	BBB/Baa2 or above
	 	 	2.500	%	 	 	1.000	%	 	 	2.500	%	 	 	1.500	%	 	 	0.375	%
	II	 	BBB-/Baa3
	 	 	2.750	%	 	 	1.250	%	 	 	2.750	%	 	 	1.650	%	 	 	0.375	%
	III	 	BB+/Ba1
	 	 	3.000	%	 	 	1.500	%	 	 	3.000	%	 	 	1.800	%	 	 	0.500	%

Exhibits and Schedules — Page 2  

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Applicable	 	Applicable	 	Financial LC	 	Performance	 	 
	Level	 	Rating Levels	 	LIBOR Margin	 	ABR Margin	 	Fee	 	LC Fee	 	Commitment Fee
	IV	 	BB/Ba2
	 	 	3.250	%	 	 	1.750	%	 	 	3.250	%	 	 	1.950	%	 	 	0.625	%
	V	 	BB-/Ba3
	 	 	3.750	%	 	 	2.250	%	 	 	3.750	%	 	 	2.250	%	 	 	0.750	%
	VI	 	B+/B1 or below
	 	 	4.250	%	 	 	2.750	%	 	 	4.250	%	 	 	2.550	%	 	 	0.875	%

     For purposes of the foregoing pricing schedules, (a) if either Moody’s or S&P (but not both)
shall have in effect a rating for the Loans, then the level shall be based upon that rating; (b) if
the ratings established or deemed to have been established by Moody’s and S&P for the Loans, as the
case may be, shall fall within different Levels, the Applicable Margin and Applicable Fee Rate
shall be based on the higher of the two ratings unless one of the two ratings is two or more Levels
lower than the other, in which case the Applicable Margin and Applicable Fee Rate shall be
determined by reference to the Level next above that of the lower of the two ratings; and (c) if
the ratings established or deemed to have been established by Moody’s or S&P for the Loans shall be
changed (other than as a result of a change in the rating system of Moody’s or S&P), such change
shall be effective as of the date on which it is first announced or published by the applicable
rating agency or, in the absence of such announcement or publication, on the effective date of such
rating as determined by the Agent. Each change in the Applicable Margin and Applicable Fee Rate
shall apply during the period commencing on the effective date of such change and ending on the
date immediately preceding the effective date of the next such change. If the rating system of
Moody’s or S&P shall change, or if both such rating agencies shall cease to be in the business of
rating corporate debt obligations, the Borrower and the Lenders shall negotiate in good faith to
amend this definition to reflect such changed rating system or the unavailability of ratings from
such rating agencies and, pending the effectiveness of any such amendment, the Applicable Margin
and Applicable Fee Rate shall be determined by reference to the rating most recently in effect
prior to such change or cessation.

     If neither Moody’s nor S&P shall have in effect a rating for the Loans, the Applicable Margin
and Applicable Fee Rate shall be determined in accordance with the following tables, based upon the
Leverage Ratio as of the then-most recently delivered financial statements of the Borrower and its
Subsidiaries referred to in Section 6.1:

     The following table applies to 2010 Lenders and 2011 Lenders:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Leveraged	 	Applicable	 	Applicable	 	Financial LC	 	Performance	 	 
	Level	 	Ratio	 	LIBOR Margin	 	ABR Margin	 	Fee	 	LC Fee	 	Commitment Fee
	I	 	<1.00
	 	 	1.750	%	 	 	0.000	%	 	 	1.750	%	 	 	1.375	%	 	 	0.300	%

Exhibits and Schedules — Page 3  

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Leveraged	 	Applicable	 	Applicable	 	Financial LC	 	Performance	 	 
	Level	 	Ratio	 	LIBOR Margin	 	ABR Margin	 	Fee	 	LC Fee	 	Commitment Fee
	II	 	31.00<1.50x
	 	 	2.000	%	 	 	0.250	%	 	 	2.000	%	 	 	1.500	%	 	 	0.375	%
	III	 	31.50<2.00x
	 	 	2.250	%	 	 	0.500	%	 	 	2.250	%	 	 	1.625	%	 	 	0.500	%
	IV	 	32.00
	 	 	2.750	%	 	 	0.500	%	 	 	2.750	%	 	 	2.250	%	 	 	0.500	%

     The following table applies to 2012 Lenders:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Leveraged	 	Applicable	 	Applicable	 	Financial LC	 	Performance	 	 
	Level	 	Ratio	 	LIBOR Margin	 	ABR Margin	 	Fee	 	LC Fee	 	Commitment Fee
	I	 	<1.00
	 	 	3.000	%	 	 	1.500	%	 	 	3.000	%	 	 	1.800	%	 	 	0.500	%
	II	 	31.00<1.50x
	 	 	3.250	%	 	 	1.750	%	 	 	3.250	%	 	 	1.950	%	 	 	0.625	%
	III	 	31.50<2.00x
	 	 	3.750	%	 	 	2.250	%	 	 	3.750	%	 	 	2.250	%	 	 	0.750	%
	IV	 	32.00
	 	 	4.250	%	 	 	2.750	%	 	 	4.250	%	 	 	2.550	%	 	 	0.875	%

Exhibits and Schedules — Page 4

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