Document:

EMPLOYMENT AGREEMENT
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Agreement  made  as  of  September  16,  2005  between   Standard   Microsystems
Corporation,  a  Delaware  corporation  having  an  office  at 80  Arkay  Drive,
Hauppauge, New York 11788 ("Company"),  and David S. Smith, residing at 26 Birch
Road, Darien, Connecticut 06820 ("Executive").

                              W I T N E S S E T H:
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WHEREAS,  Company  desires to employ  Executive  as  Company's  Chief  Financial
Officer  ("CFO"),  upon the terms and conditions  hereinafter in this Employment
Agreement (the "Agreement") set forth, and Executive desires to be so employed;

Now,  therefore,  in  consideration of the promises and the mutual covenants and
conditions contained herein, the parties hereto agree as follows:

1.   Employment.

Subject to the next  sentence,  Company hereby agrees to employ  Executive,  and
Executive  hereby  accepts  such  employment,  upon  the  terms  and  conditions
hereinafter set forth.  The Agreement shall not be effective  unless approved by
Company's Board of Directors.

2.   Title and Duties.

Company shall employ Executive as Senior Vice President upon the commencement of
such  employment,  and Chief  Financial  Officer  ("CFO"),  effective  as of the
retirement of the current CFO, Andrew Caggia on approximately  October 12, 2005.
Executive will render his services faithfully and to the best of his ability and
devote his full  business  time and  attention to the services to be rendered by
him hereunder.

3.   Term; Severance; Change in Control.

a.   The term of employment under the Agreement shall commence as  of  September
16, 2005 and shall continue through September 15, 2008 (the "Employment  Term").
Thereafter,  the Employment  Term shall be  automatically  extended for one-year
periods,  unless  either  party  shall give  notice  ("Contrary  Notice") as per
section  12 (e)  herein,  at least six  months  prior to the end of the  initial
Employment Term, or any extended Employment Term, that the Employment Term shall
not be so extended.

b.   Notwithstanding Section 3.a, the  Employment  Term shall terminate prior to
any date otherwise specified in Section 3.a, upon:

     (i)    Executive's  death  or   disability  ("disability"  shall  mean  the
     physical or mental  incapacity  of  Executive,  which cannot be overcome by
     making any  reasonable  accommodations  and which  prevents  Executive from
     performing Executive's duties as herein provided for a continuous period of
     60 days or an aggregate period of 90 days during any consecutive  six-month
     period,  and  disability  shall be deemed to have occurred as of the end of
     the applicable period);

     (ii)   Notice  by  Company  of  termination   for cause,  which  shall mean
     Executive's  (x)  material  dishonesty  in the  course of  employment,  (y)
     willful and  material  failure to perform his duties  hereunder,  following
     delivery of written notice thereof and a reasonable  period,  not to exceed
     30 days from  delivery of notice,  to cure such  failure,  or (z)  conduct,
     regardless  whether in the course of  employment,  constituting a felony or
     any crime  involving  moral  turpitude or being  charged or sanctioned by a
     federal  or state  government  or  governmental  authority  or agency  with
     violations  of  federal  or  state  securities  laws  in  any  judicial  or
     administrative process or proceeding,  or having been found by any court or
     governmental authority or agency to have committed any such violation;

     (iii)  Notice by Company  of  termination  other  than for cause. Reduction
     of  compensation  or duties,  OR  relocation  of  Executive's  location  of
     employment  outside of Long  Island OR other  breach  hereof and failure to
     cure within 30 days  following  delivery of written  notice  thereof by the
     Executive to the Company shall be considered  notice of  termination  under
     this subsection; or,

     (iv)   Notice  of  voluntary  termination  by  Executive  within six months
     after a Change in Control of Company  (for  purposes  hereof,  a "Change in
     Control of Company"  shall mean an event that Company  would be required to
     report as such pursuant to Securities and Exchange  Commission ("SEC") Form
     8-K).

c.   Should Company terminate  the  Employment  Term  pursuant to clauses (i) or
(iii) of Section 3.b: (i) Company shall pay Executive, in lump sum on the day of
termination,  an amount equal to one year's Base Salary,  any vested or unvested
stock grants, any deferred  compensation (e.g. stock appreciation rights (SARs),
etc., excluding the SERP addressed in Section 5.), any accrued,  unused vacation
and unreimbursed business expenses (including automobile expenses, and tax gross
up on such  automobile  expenses);  (ii) Company  shall pay any accrued,  unpaid
Bonus,  as  hereinafter  defined,  (i.e.,  a pro-rated  amount of the Bonus that
Executive  would have earned if  Executive  remained  employed  through the then
current  fiscal  year of  Company,  to be based on the number of weeks  employed
during the then current fiscal year),  payable at the same time such Bonus would
have been paid for such fiscal year;  (iii)  Company  shall  continue to provide
paid coverage for any  Company-paid  individual  life  insurance,  and all group
health  insurance plans under COBRA,  provided by Company to Executive as of the
date of such termination, excluding group life and group disability plans, for a
period of 18 months from the date of  termination  of the  Employment  Term,  or
until Executive shall have sooner obtained full-time employment; (iv) insofar as
any stock option or SAR granted by Company to Executive would have, but for such
termination, become exercisable in accordance with its terms within 24 months of
the date of such termination,  such option or SAR shall become exercisable as of
such termination date, remain exercisable during the 24-month period immediately
following such termination  date, and expire at the end of such 24-month period,
except that if the  termination of the Employment  Term pursuant to clause (iii)
of Section 3.b occurs within twelve months from the date of grant of such option
or SAR,  such option or SAR shall  become  exercisable  to the extent  permitted
under the  provisions  of the plan from which any such  stock  option or SAR was
granted. This Section 3.c sets forth Company's entire obligation to Executive in
case of  termination  of the  Employment  Term on any basis  referred to in this
Section 3.c.

d.   Should   Company   terminate   the  Employment  Term pursuant to clause 3.b
(ii), Company's obligations hereunder shall then be fully satisfied upon payment
by Company to Executive of any unpaid Base Salary, accrued, unused vacation time
and unreimbursed  business  expenses through the date of termination,  provided,
however,  that such payment  shall not prevent the Company  from seeking  relief
respecting any claim it might have against the Executive hereunder or otherwise.

e.   In  the  event  of a Change in Control of Company  all stock  options,  all
stock grants (RSAs), and deferred  compensation (e.g. stock appreciation rights,
etc.,  excluding the SERP  addressed in Section 5.) shall  immediately  vest and
become exercisable,  and should Executive's employment be terminated pursuant to
clause 3.b (iv) or,  within six months  after the Change in Control,  by Company
pursuant  to clause 3.b  (iii),  Executive  shall be  entitled  to the  payments
referred to in clause 3.c (i), the insurance  coverage referred to in clause 3.c
(iii),  a  payment  in an  amount  equal  to 50% of  Base  Salary  on the day of
termination,  and any unexercised  stock option or SAR shall remain  exercisable
for the 24-month period immediately following such termination.  With respect to
the immediate  vesting of any stock option or SAR in this section 3.e. by reason
of a Change in Control of Company that occurs within twelve months from the date
of grant,  immediate  vesting will only occur to the extent  permitted under the
provisions of the plan from which any such stock option or SAR was granted.

f.   Notwithstanding   any   provisions   to  the  contrary,  to the  extent the
provisions  of this  Section or any other  provisions  of this  Agreement  would
result in any adverse tax  consequences  under Section 409A of the Code of 1986,
the Executive  agrees to delay and/or  accelerate the payment of any benefits to
the extent necessary to satisfy Section 409A. For example, Section 409A provides
that  any  form of  nonqualified  deferred  compensation  may not be paid to key
employees of a publicly traded company for a period of at least six months after
the date of a separation from service.  Accordingly, any required payments under
the  deferred  compensation  provision  above  shall not be paid until after the
expiration of the applicable six-month period. Similarly, severance benefits may
be subject to Section 409A. To the extent that any severance benefits are deemed
to result  in a  deferral  of  compensation,  acceleration  of  payments  may be
required,  such as the commitment to provide certain benefits for a period of 18
months.

4.   Annual compensation.

a.   In consideration  of  the  services to be rendered by Executive  hereunder,
Company shall pay to Executive:

     (i)    An annual base salary of $325,000,  which may be increased,  but not
            decreased  without  Executive's  consent,  from  time  to  time,  by
            Company's  Board of  Directors,  based upon  Compensation  Committee
            review and  recommendation  ("Base  Salary")  and

     (ii)   A  management  incentive  bonus  ("Bonus")  target,  with respect to
            fiscal year 2006 ending February 28, 2006 and  thereafter,  equal to
            60 percent of Base Salary,  i.e., $195,000 (the "At Plan Bonus"). An
            additional bonus payment for performance  against strategic goals as
            defined by the Board of Directors (the "Strategic Plan Bonus") equal
            to 50% of the At Plan Bonus  amount.  Therefore,  the maximum  total
            bonus is 90% of Base Salary. Any Bonus plan approved by the Board of
            Directors  for  Executive  will be  consistent  with the  management
            incentive bonus plan for other Company  executives.  For fiscal year
            2006  only,  both the At Plan and  Strategic  Plan  bonuses  will be
            prorated  based on the number of days  employed  during  fiscal year
            2006.  Executive  shall be paid a minimum  Bonus equal to 50% of the
            prorated At Plan Bonus for fiscal year 2006.

     (iii)  Any Bonus payable  shall be paid 50% in cash,  and the balance shall
            be paid in shares of Company  restricted stock having a total Market
            Value equal to 50% of the amount of such Bonus. All restricted stock
            so issued  shall be subject to the same  transfer  restrictions  and
            forfeiture  under the same  conditions  as shall apply  generally to
            Company  bonus  awards  of  Company  restricted  stock,   except  as
            otherwise  provided  herein in paragraphs 3 and 6.  Executive  shall
            have the  right to  demand  registration  for all  vested  stock and
            Company shall use best effort to cause such  registration at Company
            expense to be effective.

b.   For   purposes  hereof, Market Value of a share of Company restricted stock
(RSA) shall mean the closing sale price of Company  stock on the date the RSA is
actually granted following  approval by the Compensation  Committee of Company's
Board of Directors.

5.   Benefits; Expenses.

Executive  shall be  entitled  to such  benefits as are  provided  generally  to
Company's senior executive  officers.  In addition,  the Company shall lease for
Executive's  use an  automobile  at a monthly lease expense not to exceed $1,100
plus  insurance,  and will also  reimburse for fuel and normal  travel  expenses
(i.e. tolls,  parking,  etc.). The preceding expenses  (excluding the automobile
lease) are fully tax protected.

Company shall furnish  Executive  with  individual  supplemental  life insurance
coverage in the amount of $250,000 and individual  disability income coverage if
insurance  underwriting can be obtained based on Executive's  health examination
results.

Company shall furnish and maintain continuously directors and officers liability
insurance coverage during employment, and will continue to indemnify and advance
legal  expenses  on  behalf  of  Executive,  during  Employment  Term and  after
termination  for  actions  occurring  during the  Employment  Term to the extent
permitted by law.

Executive shall accrue vacation time at a rate of twenty days per year.

Company will grant  Executive on September 16, 2005 options to purchase  150,000
shares of  Company  Common  Stock  with  five-year  (20% per year)  vesting  and
ten-year expiration.

Company will grant  Executive on  September  16, 2005 50,000 Stock  Appreciation
Rights  (SARs)  shares  with  five-year  (20% per  year)  vesting  and  ten-year
expiration.

Executive's benefit under the Executive  Retirement Plan (the "SERP") shall vest
50% after five years of service and  pro-ratably  over the next five years as to
the remaining 50%. Executive's  eligibility for and enrollment in the SERP shall
commence upon  Executive's  first day of employment with Company.  The Company's
Board of Directors shall fully vest  Executive's  SERP benefits upon a Change in
Control of Company.  The  acceleration of vesting does not otherwise  change the
distribution rules in existence under the SERP.

In the case of a Change in  Control  of  Company,  Executive  is  entitled  to a
"gross-up"  payment in an amount  sufficient  to offset the effect of any excise
tax incurred in  accordance  with  Section 280G of the Internal  Revenue Code of
1986, as amended (the "Code").

Executive  must follow the  Company's  stock,  options and  appreciation  rights
trading policy.

6.   Appointment Bonus.

On September  16,  2005,  the Company  shall grant a  restricted  stock bonus of
$200,000 to Executive.  Restrictions  on 50% of this bonus will be removed after
one  year of  continuous  service  with  the  Company  and  restrictions  on the
remaining 50% will be removed after two years of continuous  employment with the
Company.

7.   Intellectual Property; Noncompetition.

a.          Assignment of Inventions.

            (i) Subject to paragraph (a)(ii) below, Executive hereby assigns and
            agrees to assign to Company,  or to any business concern  controlled
            by or under common  control with Company  ("Company  Affiliate")  as
            Company shall specify,  all of Executive's right, title and interest
            in and to any inventions,  formulas,  techniques,  processes, ideas,
            algorithms,  discoveries,  designs,  developments  and  improvements
            which  Executive  may make,  reduce to practice,  conceive,  invent,
            discover,  design or otherwise acquire during Executive's employment
            by  Company or any  Company  Affiliate,  whether or not made  during
            regular  working  hours,  relating  to  the  actual  or  anticipated
            business,  products,  research  or  development  of  Company  or any
            Company Affiliate (collectively, "Inventions").

            (ii) The foregoing  shall not apply to, and  Executive  shall not be
            required to assign any of  Executive's  rights in, an invention that
            Executive  developed  entirely on Executive's own time without using
            any equipment,  supplies,  facilities,  computer programs,  or trade
            secret(s) and/or other proprietary and/or  confidential  information
            of Company or any  Company  Affiliate,  except for those  inventions
            that either:

                 (1)  Relate directly or indirectly at the time of conception or
                      reduction to practice of the invention, to the business of
                      Company  or any  Company  Affiliate,  or to the  actual or
                      contemplated products,  research or development of Company
                      or any Company Affiliate, or

                 (2)  Result from any work performed by Executive for Company or
                      any Company Affiliate.

b.   Trade Secrets.  Executive  shall  regard and preserve as confidential:  (x)
all trade  secrets  and/or other  proprietary  and/or  confidential  information
belonging to Company or any Company Affiliate;  and (y) all trade secrets and/or
other proprietary  and/or  confidential  information  belonging to a third party
which have been  confidentially  disclosed to Company or any Company  Affiliate,
which trade secrets and/or other  proprietary  and/or  confidential  information
described in (x) and (y) above (collectively,  "Confidential  Information") have
been or may be  developed  or obtained by or disclosed to Executive by reason of
Executive's  employment.  Executive shall not,  without  written  authority from
Company to do so, use for Executive's own benefit or purposes, or the benefit or
purpose of any person or entity other than Company or any Company Affiliate, nor
disclose  to  others,  either  during  Executive's  employment  with  Company or
thereafter,  except as required in the course of employment  with Company or any
Company  Affiliate,  or except as required by law, any Confidential  Information
(Executive,  as CFO, shall have the usual and customary  discretion to determine
when  disclosure is required for the benefit of Company).  This provision  shall
not apply to Confidential Information that has been voluntarily disclosed to the
public by Company or any  Company  Affiliate,  or  otherwise  entered the public
domain through lawful means.  Confidential Information shall include, but not be
limited to, all nonpublic information relating to any of the following regarding
Company or any  Company  Affiliate:  (1)  business,  research,  development  and
marketing plans,  strategies and forecasts;  (2) business; (3) products (whether
existing,  in development,  or being contemplated);  (4) customers'  identities,
usages, and requirements;  (5) reports;  (6) formulas;  (7) specifications;  (8)
designs,  software and other technology;  (9) research and development programs;
and (10) terms of contracts.

c.   Works of Authorship.Executive agrees that any original works of authorship,
including, without limitation, all documents,  blueprints,  drawings, mask works
and computer programs (including,  without limitation,  all software,  firmware,
object code, source code, documentation, specifications, revisions, supplements,
modules,  and upgrades),  conceived,  created,  performed or produced during the
term of Executive's  employment with Company or any Company  Affiliate,  and all
foreign and domestic,  registered  and  unregistered,  copyrights  and mask work
rights and applications for registrations  therefore related to any such work of
authorship,  in each case,  whether or not made during  regular  working  hours,
relating  to  the  actual  or  anticipated  business,   products,   research  or
development  of  Company  or any  Company  Affiliate  (collectively,  "Works  of
Authorship") shall be the exclusive property of Company or any Company Affiliate
as Company shall specify. To the extent that Executive has or obtains any right,
title or interest in or to any Works of Authorship, Executive hereby assigns and
agrees to assign to Company or any Company  Affiliate as Company shall  specify,
all of such right,  title and interest therein and thereto.  This paragraph does
not include any publicly available  materials,  unless such materials shall have
become public in violation of this Agreement.

d.   Disclosure.  Executive shall  promptly  and  fully  disclose  any  and  all
Inventions  and  Works of  Authorship  to  Company's  General  Counsel  or other
official as Company's Board of Directors may designate for such purpose.

e.   Further Assistance.  Executive shall,  during  Executive's  employment with
Company or any Company Affiliate and at any time thereafter, upon the request of
and at the expense of Company or such Company  Affiliate,  but at no  additional
compensation to Executive: do all acts and things including, but not limited to,
making  and  executing  documents,   applications  and  instruments  and  giving
information and testimony, in each case, deemed by Company from time to time, in
its sole discretion, to be necessary or appropriate (1) to vest, secure, defend,
protect or evidence  the right,  title and interest of Company in and to any and
all Inventions,  Works of Authorship and  Confidential  Information;  and (2) to
obtain  for  Company,   in  relation  to  all  such,   letters  patent,   design
registrations,  copyright  registrations and/or mask work registrations,  in the
United States and any foreign  countries,  and/or any reissues,  renewals and/or
extensions thereof.

f.   Previous Obligations.  Executive  represents  and  warrants to Company that
Executive has no continuing obligation with respect to assignment of inventions,
developments  or  improvements  to  any  previous  employer(s),  respecting  any
invention,  development,  or  improvement  made prior to September 16, 2005, nor
does Executive claim any existing title in any previous  unpatented  inventions,
developments or improvements within the scope of this Section 7 except as may be
set forth on an Exhibit  hereto  acknowledged  on the face thereof as an Exhibit
hereto by an authorized representative of Company.

g.   Return of Documents. All media on which any Inventions, Works of Authorship
or  Confidential  Information  may be recorded or  located,  including,  without
limitation,  documents, samples, models, blueprints,  photocopies,  photographs,
drawings,  descriptions,  reproductions,  cards,  tapes, discs and other storage
facilities  (collectively,  "Documentation") made by Executive or that come into
Executive's  possession by reason of Executive's  employment are the property of
Company  and shall be  returned  to Company by  Executive  upon  termination  of
employment.  Executive  will not  deliver,  reproduce,  or in any way  allow any
Documentation  to be  delivered  or used by any third party  without the written
direction or consent of a duly authorized representative of Company.

8.   Competition.

Executive  covenants  and agrees that (a) for so long as he shall be employed by
Company or any  Company  Affiliate,  he shall not,  directly or  indirectly,  as
principal,  partner,  agent,  servant,  employee,   stockholder,  or  otherwise,
anywhere  in the world  (the  "Territory"),  engage or  attempt to engage in any
business  activity  competitive  with the business  being  conducted  or, to the
knowledge of Executive  prior to Notice of  Termination  or actual  termination,
whichever  is earlier,  being  planned to be conducted by Company or any Company
Affiliate,  and (b) for one year after termination,  Executive shall not, in the
Territory,  so engage or attempt to engage in any business activity  competitive
with any business  conducted or planned to be conducted by any of Company or any
Company affiliate within one year prior to termination.  The foregoing shall not
prohibit   Executive,   his  affiliates,   spouse,   and  children  from  owning
beneficially any publicly traded security,  so long as the beneficial  ownership
by all of them,  when  combined with the  beneficial  ownership of such publicly
traded  security by any person (as defined in Section 13(d) of the Exchange Act)
of which any of them is a member,  constitutes less than 5% of the class of such
publicly traded security.  Executive  recognizes that the foregoing  territorial
and time  limitations  are  reasonable  and  properly  required for the adequate
protection  of the  business  of  Company  and that in the  event  that any such
territorial or time limitation is deemed to be unreasonable in any proceeding to
enforce  these  provisions  or otherwise,  Executive  agrees to request,  and to
submit to, the reduction of said  territorial or time limitation to such an area
or period as shall be deemed reasonable by the relevant  tribunal.  In the event
that  Executive  shall be in violation of the foregoing  restrictive  covenants,
then the time  limitation  thereof shall be extended for a period of time during
which such breach or breaches  shall occur.  The existence of any claim or cause
of action by Executive  against Company,  if any,  whether  predicated upon this
Agreement or otherwise,  shall not  constitute a defense to the  enforcement  by
Company of the foregoing restrictive covenants.

9.   Non-solicitation of Employees.

Executive  covenants and agrees that for a period of 24 months after Executive's
termination  of  employment  with Company for any reason,  Executive  shall not,
directly or indirectly,  whether on behalf of the Executive or others,  solicit,
lure or hire  away  any  employees  of  Company  or  assist  or aid in any  such
activity.

10.  Release of Violation of Covenants.

Any options or SARs that are granted to Executive are an incentive for Executive
to remain employed by Company and to exert his best efforts to enhance the value
of  Company  over the  long-term.  Accordingly,  in  addition  to all the rights
Company  shall have  against  Executive,  in the event  Executive  violates  the
provisions  of  Section  7,  Intellectual  Property/Non-Competition;  Section 8,
regarding  Competition;  and  Section  9,  addressing  the  Non-Solicitation  of
Employees ("Violation"), Company shall have the following rights:

a.        Any  stock  option or  SAR granted to Executive during his employment,
whether or not fully  vested,  shall be  immediately  canceled as of the date of
such "Violation".

b.        Any  gain  attributable  to the exercise of any stock option or SAR by
Executive  (represented by the closing market price on the date of exercise over
the exercise price, multiplied by the number of option shares or SARs exercised,
without regard to any subsequent  market price decreases or increases)  within a
period  of 12  months  prior  to the  date  of any  Violation  shall  be paid by
Executive to Company.

Executive hereby agrees to pay to Company the difference between the fair market
value of  Company  stock on the date of  exercise,  and the option or SAR price,
without regard to any income taxes  Executive may have paid or be responsible to
pay relating to the exercise of any options or SARs.

For purposes of this Section 10, the date of the Violation  shall be established
in good faith by Company. The date of Violation shall be deemed to have occurred
within 10 days after Company provides Executive with notice of any Violation. If
Executive  disagrees  with  the  determination  of any  Violation,  the  date of
Violation shall be extended until the dispute is resolved, but the damages shall
nevertheless be determined as of the date of Violation determined by Company, if
such  Violation  is upheld in any Court  Order,  mediator's  decision,  or other
similar forum.

Company  shall  have the  right,  in its sole  discretion,  not to  enforce  the
provisions of this Section 10 with respect to Executive.

11.  Release from prior agreements.

Executive  releases  Company  and  Company  releases  Executive  from any  prior
agreements  between  Company and Executive upon the  commencement of the term of
this Employment  Agreement,  except for any continuing  obligations of Executive
relating to proprietary or confidential information of the Company.

12.  Miscellaneous.

a.        Executive   agrees  that a remedy at law for any breach or proposed or
attempted breach of the provisions of Sections 7, 8 or 9 shall be inadequate and
that Company shall be entitled to injunctive  relief with respect to such breach
or proposed or attempted  breach, in addition to any other remedy it might have.
The provisions of Sections 7, 8 and 9 shall be enforceable  notwithstanding  the
existence  of any claim or cause of action of Executive  against  Company or any
Company Affiliate, whether predicated on such Section or otherwise.

b.        Except  as  otherwise  provided  herein,  the agreements,  assignments
and  appointments  made by Executive  hereunder and the obligations of Executive
herein shall survive the  termination  of Executive's  employment  with Company,
whether by Executive or Company.

c.        This  Agreement  may be modified only  by  a written  instrument  duly
executed by the parties hereto.  No term or provision of this Agreement shall be
deemed waived. And no breach excused,  unless such waiver or consent shall be in
writing and signed by the  parties  hereto.  The failure of either  party or any
Company  Affiliate at any time to enforce  performance  of any provision of this
Agreement shall in no way affect such person's rights  thereafter to enforce the
same,  nor shall the waiver by any such  person of any  breach of any  provision
hereof be  deemed  to be a waiver  of any other  breach of the same or any other
provision hereof.

d.        If  any  provision of  this  Agreement,  or  the  application  of such
provision,  is held invalid, the remainder of this Agreement and the application
of such provision to persons or circumstances other than those as to which it is
held invalid shall not be affected thereby.

e.        Any  notice  authorized  or  required to be given  hereunder  shall be
deemed given or made, if in writing,  upon personal delivery, by telecopy on the
date that transmission is confirmed electronically,  if such confirmation occurs
by 4:00 PM on such date and such date is a business  day, or  otherwise,  on the
first  business  day  thereafter,  or three days after  mailing by  certified or
registered mail, return receipt  requested,  to the Company,  at the address set
forth at the top of the first page, to the attention of Mr. Steven J.  Bilodeau,
Chief Executive Officer, or to the Executive at the address to which this letter
is  addressed,  as set forth above,  or such other address of which either party
shall give notice to the other.

f.        This  agreement  shall  be  governed  by  the laws of the state of New
York, applicable to an agreement negotiated,  signed, and wholly to be performed
in such state.

g.        Any  dispute  arising   hereunder  (including   but  not  limited   to
interpretation  of performance)  shall be resolved in New York NY by arbitration
before the  American  Arbitration  Association,  in  accordance  with its rules,
except  that  the  arbitrator  shall  be an  active  member  of the New York bar
specializing  for at  least  15 years in  general  corporate  law and  contracts
practice,  who shall apply the terms of this agreement and make findings of fact
and conclusions of law in making his award.

IN WITNESS  WHEREOF,  the undersigned  have executed this agreement on the dates
below as of the date first written above.

         EXECUTIVE                        STANDARD MICROSYSTEMS CORPORATION

By:   /S/ DAVID S. SMITH                  By:   /S/ STEVEN J. BILODEAU
     ---------------------------               -------------------------------
     David S. Smith                            Steven J. Bilodeau,
     Date:  September 16, 2005                 Chief Executive Officer
                                               Date:  September 16, 2005Exhibit 10.1 - 2nd Amend. and Rest. Credit Agr.

    Exhibit
      10.1 

    

     

    Execution
      Copy

     

    

     

    

     

    

     

    

     

     

    SECOND
      AMENDED AND RESTATED CREDIT AGREEMENT

     

    dated
      as of September 15, 2005

     

    among

     

    SEMCO
      ENERGY, INC.

     

    as
      the Company

     

    THE
      VARIOUS FINANCIAL INSTITUTIONS PARTY HERETO,

     

    as
      Lenders,

     

    and

     

    LASALLE
      BANK MIDWEST NATIONAL ASSOCIATION, A NATIONAL BANKING ASSOCIATION, as
      Administrative Agent

     

    NATIONAL
      CITY BANK OF THE MIDWEST, A NATIONAL BANKING ASSOCIATION, as Syndication
      Agent

     

    U.S.
      BANK, N.A., as Documentation Agent

     

     

    LASALLE
      BANK MIDWEST NATIONAL ASSOCIATION, A NATIONAL BANKING
      ASSOCIATION

     

    as
      Arranger

     

    

     

    
      
        
          

        

         

      

      
         

        
          

        

      

      
         

        
        

      

    

    ANNEXES

    

    ANNEX
      A   Lenders
      and Pro Rata Shares

    ANNEX
      B   Addresses
      for Notices

    

    

    SCHEDULES

    

    SCHEDULE
      9.6  Litigation
      and Contingent Liabilities

    SCHEDULE
      9.15  Environmental
      Matters

    SCHEDULE
      9.16  Insurance

    SCHEDULE
      9.21  Labor
      Matters

    SCHEDULE
      11.1  Existing
      Debt

    SCHEDULE
      11.2  Existing
      Liens

    SCHEDULE
      11.11  Investments

    

    

    EXHIBITS

    

    EXHIBIT
      A   Form
      of
      Note (Section 3.1)

    EXHIBIT
      B   Form
      of
      Compliance Certificate (Section 10.1.3)

    EXHIBIT
      C   Form
      of
      New Lender Addendum

    EXHIBIT
      D   Form
      of
      Assignment Agreement (Section 15.6.1)

    EXHIBIT
      E   Form
      of
      Notice of Borrowing (Section 2.2.2)

    EXHIBIT
      F   Form
      of
      Notice of Conversion/Continuation (Section 2.2.3)

    EXHIBIT
      G   Investment
      Policy

    

     

    
      
         

      

      
         

        
          

        

      

      
         

        
        

      

    

    SECOND
      AMENDED AND RESTATED CREDIT AGREEMENT

     

    

     

    THIS
      SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of September 15, 2005
      (this “Agreement”) is entered into among SEMCO ENERGY, INC. (the “Company”), the
      financial institutions that are or may from time to time become parties hereto
      (together with their respective successors and assigns, the “Lenders”) and
      LASALLE BANK MIDWEST NATIONAL ASSOCIATION, a national banking association (in
      its individual capacity, “LaSalle Midwest”), as administrative agent for the
      Lenders, NATIONAL CITY BANK OF THE MIDWEST, a national banking association,
      as
      syndication agent and U.S. BANK, N.A., as documentation agent. 

     

    The
      Lenders have previously made available to the Company certain loans pursuant
      to
      the terms of that certain Amended and Restated Credit Agreement dated as of
      June
      25, 2004 by and among the Company, LaSalle Midwest (formerly known as Standard
      Federal Bank N.A.) and certain other financial institutions party thereto from
      time to time, (as amended prior to the date hereof, the “Prior Credit
      Agreement”), and, at the request of the Company, the Administrative Agent and
      the Lenders have agreed to amend the Prior Credit Agreement as set forth herein
      upon the terms and conditions below.

     

    In
      consideration of the mutual agreements herein contained, the parties hereto
      agree as follows:

     

    SECTION
      1. DEFINITIONS.

     

    1.1 Definitions.
      When
      used herein the following terms shall have the following meanings:

     

    Acquired
      Debt
      means
      mortgage Debt or purchase money Debt or Debt with respect to Capital Leases
      of a
      Person existing at the time such Person became a Subsidiary or Debt assumed
      by
      the Company or a Subsidiary of the Company pursuant to an Acquisition permitted
      hereunder (and not created or incurred in connection with or in anticipation
      of
      such Acquisition).

     

    Acquisition
      means
      any transaction or series of related transactions for the purpose of or
      resulting, directly or indirectly, in (a) the acquisition of all or
      substantially all of the assets of a Person, or of all or substantially all
      of
      any business or division of a Person, (b) the acquisition of in excess of 50%
      of
      the Capital Securities of any Person, or otherwise causing any Person to become
      a Subsidiary, or (c) a merger or consolidation or any other combination with
      another Person (other than a Person that is already a Subsidiary).

     

    Administrative
      Agent
      or
Agent
      means
      LaSalle Midwest in its capacity as administrative agent for the Lenders
      hereunder and any successor thereto in such capacity.

     

    Affected
      Loan
      - see
Section
      8.3.

     

    Affiliate
      of any
      Person means (a) any other Person which, directly or indirectly, controls or
      is
      controlled by or is under common control with such Person, (b) any officer
      or
      director of such Person and (c) with respect to any Lender, any entity
      administered or managed by such Lender or an Affiliate or investment advisor
      thereof and which is engaged in making, purchasing, holding or otherwise
      investing in commercial loans. A Person shall be deemed to be “controlled by”
      any other Person if such Person possesses, directly or indirectly, power to
      direct or cause the direction of the management and policies of such Person
      whether by contract or otherwise. Unless expressly stated otherwise herein,
      neither the Administrative Agent nor any Lender shall be deemed an Affiliate
      of
      any Affiliated Party.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Affiliated
      Party
      means
      the Company and each Subsidiary. 

     

    Agent
      Proposal Letter
      means
      the Proposal Letter dated as of July 27, 2005 between the Company and the
      Administrative Agent.

     

    Agreement
      - see
      the Preamble.

     

    Applicable
      Margin
      means,
      for any day, the rate per annum set forth below opposite the level (the
“Level”)
      then
      in effect, it being understood that the Applicable Margin for (i) LIBOR Loans
      shall be the percentage set forth under the column “LIBOR Margin”, (ii) Base
      Rate Loans shall be the percentage set forth under the column “Base Rate
      Margin”, (iii) the Facility Fee Rate shall be the percentage set forth under the
      column “Facility Fee Rate” and (iv) the L/C Fee shall be the percentage set
      forth under the column “L/C Fee Rate”:

     

    
      	
               

              Level

            	
              S&P/Moody’s
                Unsecured Senior Debt Ratings

            	
              LIBOR

              Margin

              (in
                basis points)

            	
              Base
                Rate

              Margin
                (in basis points)

            	
              Facility

              Fee
                Rate (in basis points)

            	
              L/C
                Fee

              Rate
                (in basis points)

            
	
              1

            	
              >
                BBB/Baa2

            	
              65.0

            	
              0.0

            	
              10.0

            	
              65.0

            
	
              2

            	
              >
                BBB-/Baa3

            	
              85.0

            	
              0.0

            	
              15.0

            	
              85.0

            
	
              3

            	
              >BB+/Ba1

            	
              105.0

            	
              0.0

            	
              20.0

            	
              105.0

            
	
              4

            	
              >BB/Ba2

            	
              125.0

            	
              0.0

            	
              25.0

            	
              125.0

            
	
              5

            	
              >BB-/Ba3

            	
              145.0

            	
              25.0

            	
              30.0

            	
              145.0

            
	
              6

            	
              <BB-/Ba3

            	
              225.0

            	
              125.0

            	
              50.0

            	
              225.0

            

    

    

    In
      case
      of a split rating between S&P and Moody’s, the lower rating shall apply,
      unless the Company shall have secured an unsecured senior debt rating of BBB-
      or
      Baa3 or better from both S&P and Moody’s in which case the higher rating
      shall apply. If the rating is split by two or more levels, the average of the
      two ratings shall apply which if not a whole number shall be rounded down (if
      <.5) or up (if >.5),
      as
      applicable (for example, if the split ratings are Level 1 and 3, Level 2 shall
      apply). The LIBOR Margin, the Base Rate Margin, the Facility Fee Rate and the
      L/C Fee Rate shall be adjusted, to the extent applicable, promptly following
      receipt of the new rating. No reduction to any Applicable Margin shall become
      effective at any time when an Event of Default or Unmatured Event of Default
      has
      occurred and is continuing. 

     

    Assignee
      - see
Section
      15.6.1.

     

    Assignment
      Agreement
      - see
Section
      15.6.1.

     

    Attorney
      Costs
      means,
      with respect to any Person, all reasonable fees and charges of any counsel
      to
      such Person, the reasonable allocable cost of internal legal services of such
      Person if outside counsel is not used, all reasonable out-of-pocket
      disbursements of such internal counsel (if outside counsel is not used) and
      all
      court costs and similar legal expenses.

     

    4

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Base
      Rate
      means at
      any time the greater of (a) the Federal Funds Rate plus 0.5% and (b) the Prime
      Rate.

     

    Base
      Rate Loan
      means
      any Loan which bears interest at or by reference to the Base Rate.

     

    Base
      Rate Margin
      - see
      the definition of Applicable Margin.

     

    Business
      Day
      means
      any day on which LaSalle Midwest is open for commercial banking business in
      Detroit, Michigan and, in the case of a Business Day which relates to a LIBOR
      Loan, on which dealings are carried on in the London interbank eurodollar
      market.

     

    Capital
      Expenditures
      means
      all expenditures which, in accordance with GAAP, would be required to be
      capitalized and shown on the Consolidated balance sheet of the Company,
      including expenditures in respect of Capital Leases, but excluding expenditures
      made in connection with the replacement, substitution or restoration of assets
      to the extent financed (a) from insurance proceeds (or other similar recoveries)
      paid on account of the loss of or damage to the assets being replaced or
      restored or (b) with awards of compensation arising from the taking by eminent
      domain or condemnation of the assets being replaced.

     

    Capital
      Lease
      means,
      with respect to any Person, any lease of (or other agreement conveying the
      right
      to use) any real or personal property by such Person that, in conformity with
      GAAP, is accounted for as a capital lease on the balance sheet of such
      Person.

     

    Capital
      Securities
      means,
      with respect to any Person, all shares, interests, participations or other
      equivalents (however designated, whether voting or non-voting) of such Person’s
      capital, whether now outstanding or issued or acquired after the Closing Date,
      including common shares, preferred shares, preference shares, membership
      interests in a limited liability company, limited or general partnership
      interests in a partnership or any other equivalent of such ownership
      interest.

     

    Capitalized
      Rentals
      of any
      Person means as of the date of any determination thereof the amount at which
      the
      aggregate Rentals due and to become due under all Capital Leases under which
      such Person is a lessee would be reflected as a liability on a Consolidated
      balance sheet of such Person in accordance with GAAP.

     

    Cash
      Collateralize
      means to
      deliver cash collateral to the Administrative Agent, to be held as cash
      collateral for outstanding Letters of Credit, pursuant to documentation
      satisfactory to the Administrative Agent. Derivatives of such term have
      corresponding meanings.

     

    Cash
      Equivalent Investment
      means,
      at any time, any Investment made in accordance with the investment guidelines
      attached hereto as Exhibit G, as such guidelines may be amended or modified
      from
      time to time with the approval of the Board of Directors of the Company, upon
      delivery of such amendments or modifications to the Administrative Agent,
provided,
      however,
      that no
      Investment with (a) a tenor longer than one calendar year (unless puttable
      within one calendar year) and (b) a Rating Agencies’ rating of lower than
      BBB+/Baa1 shall be deemed Cash Equivalent Investments hereunder. 

     

    5

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Closing
      Date
      - see
Section
      12.1.

     

    Code
      means
      the Internal Revenue Code of 1986.

     

    Commitment
      means,
      as
      to any Lender, such Lender’s commitment to make Loans, and to issue or
      participate in Letters of Credit, under this Agreement. The initial amount
      of
      each Lender’s commitment to make Loans is set forth on Annex
      A.

     

    Company
      - see
      the Preamble.

     

    Compliance
      Certificate
      means a
      Compliance Certificate in substantially the form of Exhibit B.

     

    Consolidated
      (or “consolidated”) or Consolidating (or “consolidating”)
      shall
      mean, when used with reference to any financial term in this Agreement, the
      aggregate for two or more Persons of the amounts signified by such term for
      all
      such Persons determined on a consolidated (or consolidating) basis in accordance
      with GAAP, applied on a consistent basis. Unless otherwise specified herein,
      “Consolidated” and “Consolidating” shall refer to Company and its
      Subsidiaries.

     

    Consolidated
      Adjusted Funded Debt
      means
      all Consolidated Funded Debt (i) minus Guaranteed Amounts to the extent included
      in determining such Consolidated Funded Debt and (ii) plus Additional Funded
      Debt; provided,
      however,
      that
      (a) no Funded Debt shall for purposes of this definition be included as
      Consolidated Funded Debt if money sufficient to pay such Funded Debt in full
      (either on the date of maturity expressed therein or on such earlier date as
      such Funded Debt may be called for redemption) shall be held in trust for such
      purpose by the trustee or proper depository under the instrument pursuant to
      which such Funded Debt was issued, and (b) in the event of the issuance of
      Funded Debt (“New
      Funded Debt”),
      for
      purposes of this definition there shall be excluded from Consolidated Funded
      Debt at the time of such issuance and thereafter:

     

    (a) existing
      Funded Debt which is paid in full substantially concurrently with the issuance
      of the New Funded Debt and out of proceeds therefrom; and

     

    (b) existing
      Funded Debt which is paid out of the proceeds from the issuance of the New
      Funded Debt in compliance with the following:

     

    (i) on
      the
      date of the issuance of the New Funded Debt (the “Issuance
      Date”)
      an
      amount from the proceeds sufficient to pay such existing Funded Debt in full
      if
      called for redemption as hereinafter described shall be deposited in an escrow
      account (the “Escrow
      Account”)
      with a
      third party selected by the Company with written instructions from the Company
      that the proceeds shall be used for such purpose;

     

    6

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (ii) not
      later
      than the 30th day following the Issuance Date, such existing Funded Debt shall
      be called for redemption on a date which is not later than the 70th day
      following the Issuance Date; and

     

    (iii) on
      a date
      which is not later than the 70th day following the Issuance Date, such existing
      Funded Debt shall be paid in full from the proceeds deposited in the Escrow
      Account.

     

    As
      used
      in this definition, the term “Additional
      Funded Debt”
      means
      at any time an amount equal to the excess, if any, of (i) the lowest daily
      average of the smallest aggregate principal amount of Consolidated Current
      Debt
      minus Guaranteed Amounts to the extent included in determining such Consolidated
      Current Debt outstanding on each day for any period of 30 consecutive days
      during the 12-month period immediately preceding the date of determination,
      over
      (ii) the sum of $10,000,000.

     

    Consolidated
      Adjusted Total Capitalization
      means,
      as of the date of any determination thereof, the sum of (i) the aggregate
      principal amount of Consolidated Adjusted Funded Debt then outstanding,
plus
      (ii)
      Consolidated Net Worth.

     

    Consolidated
      Current Debt
      means
      all Current Debt of the Company and its Subsidiaries determined on a
      consolidated basis eliminating intercompany items.

     

    Consolidated
      Funded Debt
      means
      all Funded Debt of the Company and its Subsidiaries determined on a consolidated
      basis eliminating intercompany items.

     

    Consolidated
      Net Income
      for any
      period means the net income of the Company and its Subsidiaries for such period
      determined on a consolidated basis in accordance with GAAP but excluding all
      non-cash charges taken by the Company in accordance with GAAP under Statement
      of
      Financial Accounting Standards (“FAS”) No. 142 or FAS No. 144 during such period
      and less other proper charges (including taxes on income), determined on a
      consolidated basis, but excluding in any event:

     

    (a) any
      gains
      or losses on the sale or other disposition of Investments or fixed or capital
      assets, and any taxes on such excluded gains and any tax deductions or credits
      on account of any such excluded losses;

     

    (b) the
      proceeds of any life insurance policy;

     

    (c) net
      earnings and losses of any Subsidiary accrued prior to the date it became a
      Subsidiary;

     

    (d) net
      earnings and losses of any corporation (other than a Subsidiary), substantially
      all the assets of which have been acquired in any manner by the Company or
      any
      Subsidiary, realized by such corporation prior to the date of such
      acquisition;

     

    (e) net
      earnings and losses of any corporation (other than a Subsidiary) with which
      the
      Company or a Subsidiary shall have consolidated or which shall have merged
      into
      or with the Company or a Subsidiary prior to the date of such consolidation
      or
      merger;

     

    7

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (f) net
      earnings of any business entity (other than a Subsidiary) in which the Company
      or any Subsidiary has an ownership interest unless such net earnings shall
      have
      actually been received by the Company or such Subsidiary in the form of cash
      distributions;

     

    (g) any
      portion of the net earnings of any Subsidiary which for any reason is
      unavailable for payment of dividends to the Company or any other
      Subsidiary;

     

    (h) earnings
      resulting from any reappraisal, revaluation or write-up of assets;

     

    (i) any
      deferred or other credit representing any excess of the equity in any Subsidiary
      at the date of acquisition thereof over the amount invested in such
      Subsidiary;

     

    (j) any
      gain
      arising from the acquisition of any Securities of the Company or any
      Subsidiary;

     

    (k) any
      reversal of any contingency reserve, except to the extent that provision for
      such contingency reserve shall have been made from income arising during such
      period, and any gain or loss resulting from accounting method changes;
      and

     

    (l) any
      items
      other than those described in clauses (a) through (k) above of this definition
      which are properly classified under GAAP as extraordinary items.

     

    Consolidated
      Net Worth
      means,
      as of the date of any determination thereof, the stockholders’ capital and
      surplus of the Company and its Subsidiaries determined on a consolidated basis
      in accordance with GAAP, and which shall include (whether or not includible
      under GAAP) the principal amount of the Junior Capital and adding back an amount
      equal to all non-cash charges, less any tax deductions or credits on account
      of
      such charges, taken by the Company in accordance with GAAP under FAS No. 142
      or
      FAS No. 144 after December 31, 2004; provided, that for the Fiscal Quarter
      ending September 30, 2005, only, Consolidated Net Worth shall be deemed
      increased by the amount of $17,400,000 being the asset impairment charge
      recognized by the Company in the Fiscal Quarter ending September 30,
      2003.

     

    Consolidated
      Operating Income
      means,
      as of the date of any determination thereof, the operating income of the Company
      and its Subsidiaries determined on a consolidated basis in accordance with
      GAAP
      as shown on the financial statements delivered to Agent pursuant to Sections
      10.1.1 and 10.1.2 of this Agreement, as applicable but (i) excluding from the
      calculation hereof, whether or not otherwise includable under GAAP, (a) the
      payment of $5,500,000 to Atlas Pipeline Partners, L.P. on December 31, 2004
      made
      pursuant to the terms of that certain Settlement Agreement dated as of December
      31, 2004 and (b) all pre-tax gains or losses from the sale of assets permitted
      under this Agreement, and (ii) adding back an amount equal to all pre-tax
      non-cash charges, taken by the Company in accordance with GAAP under FAS No.
      142
      or FAS No. 144. Acquisitions by the Company or any of its Subsidiaries made
      in
      compliance with this Agreement shall be given pro forma effect in calculation
      of
      Consolidated Operating Income.

     

    Consolidated
      Storage Income
      means
      the “Storage Income” of the Company and its Subsidiaries on a consolidated basis
      in accordance with GAAP, as shown under the heading “Other Income” on the
      Company’s consolidated statement of operations delivered to the Agent pursuant
      to the requirements of Sections 10.1.1 and 10.1.2 of this
      Agreement.

     

    8

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Controlled
      Group
      means
      all members of a controlled group of corporations, all members of a controlled
      group of trades or businesses (whether or not incorporated) under common control
      and all members of an affiliated service group which, together with the Company
      or any of its Subsidiaries, are treated as a single employer under Section
      414
      of the Code or Section 4001 of ERISA.

     

    Credit
      Party
      means
      Company and each Guarantor.

     

    Current
      Debt of any Person
      means as
      of the date of any determination thereof (i) all Debt of such Person for
      borrowed money other than Funded Debt of such Person and (ii) Guaranty
      Obligations of such Person relating to the Current Debt of others.

     

    Debt
      of any
      Person means, without duplication, (a) all indebtedness of such Person for
      borrowed money, whether or not evidenced by bonds, debentures, notes or similar
      instruments, (b) all obligations of such Person as lessee under Capital Leases
      which have been or should be recorded as liabilities on a balance sheet of
      such
      Person in accordance with GAAP, (c) all obligations of such Person to pay the
      deferred purchase price of property or services (excluding trade accounts
      payable in the ordinary course of business), (d) all Debt secured by a Lien
      on
      the property of such Person, whether or not such Debt shall have been assumed
      by
      such Person; provided that if such Person has not assumed or otherwise become
      liable for such Debt, such Debt shall be measured at the fair market value
      of
      such property securing such Debt at the time of determination, (e) all
      obligations, contingent or otherwise, with respect to the face amount of all
      letters of credit (whether or not drawn), bankers’ acceptances and similar
      obligations issued for the account of such Person (including the Letters of
      Credit), (f) all Guaranty Obligations relating to the Debt of other Persons
      or
      the payment of dividends or distributions on the Capital Securities of any
      Person and (g) all Debt of any partnership of which such Person is a general
      partner except where the only asset which may be used as a source of repayment
      is such Person’s partnership interest in the partnership obligated on the
      Debt.

     

    Designated
      Proceeds
      - see
Section
      6.2.2(a).

     

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

     

    Environmental
      Claims
      means
      all claims, however asserted, by any governmental, regulatory or judicial
      authority or other Person alleging potential liability or responsibility for
      violation of any Environmental Law, or for release or injury to the
      environment.

     

    Environmental
      Laws
      means
      all present or future federal, state or local laws, statutes, common law duties,
      rules, regulations, ordinances and codes, together with all administrative
      or
      judicial orders, consent agreements, directed duties, requests, licenses,
      authorizations and permits of, and agreements with, any governmental authority,
      in each case relating to any matter arising out of or relating to public health
      and safety, or pollution or protection of the environment or workplace,
      including any of the foregoing relating to the presence, use, production,
      generation, handling, transport, treatment, storage, disposal, distribution,
      discharge, emission, release, threatened release, control or cleanup of any
      Hazardous Substance. 

     

    Environmental
      Matters
      means
      any matter arising out of or relating to pollution or protection of the
      environment or workplace, including any of the foregoing relating to the
      presence, use, production, generation, handling, transport, treatment, storage,
      disposal, distribution, discharge, release, control or cleanup of any Hazardous
      Substance. 

     

    9

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ERISA
      means
      the Employee Retirement Income Security Act of 1974. 

     

    Event
      of Default
      means
      any of the events described in Section
      13.1.

     

    Excluded
      Taxes
      means
      taxes based upon, or measured by, the Lender’s or Administrative Agent’s (or a
      branch of the Lender’s or Administrative Agent’s) overall net income, overall
      net receipts, or overall net profits (including franchise taxes imposed in
      lieu
      of such taxes), but only to the extent such taxes are imposed by a taxing
      authority (a) in a jurisdiction in which such Lender or Administrative Agent
      is
      organized, (b) in a jurisdiction which the Lender’s or Administrative Agent’s
      principal office is located, or (c) in a jurisdiction in which such Lender’s or
      Administrative Agent’s lending office (or branch) in respect of which payments
      under this Agreement are made is located.

     

    Facility
      Fee Rate
      - see
      the definition of Applicable Margin.

     

    Federal
      Funds Rate
      means,
      for any day, a fluctuating interest rate equal for each day during such period
      to the weighted average of the rates on overnight Federal funds transactions
      with members of the Federal Reserve System arranged by Federal funds brokers,
      as
      published for such day (or, if such day is not a Business Day, for the next
      preceding Business Day) by the Federal Reserve Bank of New York, or, if such
      rate is not so published for any day which is a Business Day, the average of
      the
      quotations for such day on such transactions received by the Administrative
      Agent from three Federal funds brokers of recognized standing selected by the
      Administrative Agent. The Administrative Agent’s determination of such rate
      shall be binding and conclusive absent manifest error.

     

    Fiscal
      Quarter
      means a
      fiscal quarter of a Fiscal Year.

     

    Fiscal
      Year
      means
      the fiscal year of the Company and its Subsidiaries, which period shall be
      the
      12-month period ending on December 31 of each year. References to a Fiscal
      Year
      with a number corresponding to any calendar year (e.g., “Fiscal
      Year 2005”)
      refer
      to the Fiscal Year ending on December 31 of such calendar year.

     

    FRB
      means
      the Board of Governors of the Federal Reserve System or any successor
      thereto.

     

    Funded
      Debt
      of any
      Person means, without duplication, (i) all Debt of such Person for borrowed
      money or which has been incurred in connection with the acquisition of assets
      in
      each case having a final maturity of one or more than one year from the date
      of
      origin thereof (or which is renewable or extendible at the option of the obligor
      for a period or periods more than one year from the date of origin), including
      all principal payments in respect thereof that are required to be made within
      one year from the date of any determination of Funded Debt, whether or not
      the
      obligation to make such payments shall constitute a current liability of the
      obligor under GAAP , provided, however, that Funded Debt shall not include
      (a)
      Junior Capital, (b) all outstanding Loans made to such Person pursuant to the
      Revolving Commitment and (c) any notes of such Person evidencing Debt of such
      Person which when issued constitute a current liability of such Person under
      GAAP, (ii) all Capitalized Rentals of such Person, and (iii) Off Balance Sheet
      Liabilities.

     

    10

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    GAAP
      means
      generally accepted accounting principles set forth from time to time in the
      opinions and pronouncements of the Accounting Principles Board and the American
      Institute of Certified Public Accountants and statements and pronouncements
      of
      the Financial Accounting Standards Board (or agencies with similar functions
      of
      comparable stature and authority within the U.S. accounting profession) and
      the
      Securities and Exchange Commission, which are applicable to the circumstances
      as
      of the date of determination.

     

    Gas
      Related Business
      means
      any business permitted under Sections 10.5 and 11.10 hereof involving the
      purchase, distribution, sale, storage and/or transport of natural
      gas.

     

    Guaranteed
      Amounts
      means as
      of any date the aggregate amounts of Debt of others guaranteed by the Company
      and/or any of its Subsidiaries determined on a consolidated basis.

     

    Guarantor(s)
      means
      any Subsidiaries of the Company which shall hereafter execute and deliver that
      certain Guaranty (or a joinder thereto) with respect to the Obligations.

     

    Guaranty
      means
      any Guaranty (and any joinders thereto), in form and substance reasonably
      acceptable to the Administrative Agent and the Required Lenders, that may be
      hereafter executed and delivered by certain Subsidiaries of the Company, as
      the
      same may be amended, restated or otherwise modified from time to
      time.

     

    Guaranty
      Event
      means
      the failure at any time of the Company and the Guarantors, as of the last day
      of
      any Fiscal Quarter (determined on a consolidated basis for the Company and
      the
      Guarantors but without regard to any Subsidiaries which are not Guarantors),
      to
      constitute the source of at least seventy percent (70%) of the Consolidated
      Operating Income of the Company and its Subsidiaries for the four Fiscal Quarter
      period ending on such date or to hold at least seventy percent (70%) of the
      Consolidated total assets of the Company and its Subsidiaries on such
      date.

     

    Guaranty
      Obligations
      shall
      mean a guaranty, an endorsement, a contingent agreement to purchase or to
      furnish funds for the payment or maintenance of, or otherwise to be or become
      contingently liable under or with respect to, the Debt, other obligations,
      net
      worth, working capital or earnings of any Person, or a guarantee of the payment
      of dividends or other distributions upon the Capital Securities of any Person,
      or an agreement to purchase, sell or lease (as lessee or lessor) real property,
      products, materials, supplies or services primarily for the purpose of enabling
      a debtor to make payment of such debtor's obligations or an agreement to assure
      a creditor against loss, and including, without limitation, causing a bank
      or
      other financial institution to issue a letter of credit or other similar
      instrument for the benefit of another Person, but excluding endorsements for
      collection or deposit in the ordinary course of business.

     

    Group
      - see
Section
      2.2.1.

     

    Hazardous
      Substances
      means
      (a) any petroleum or petroleum products, radioactive materials, asbestos in
      any
      form that is or could become friable, urea formaldehyde foam insulation,
      dielectric fluid containing levels of polychlorinated biphenyls, radon gas
      and
      mold; (b) any chemicals, materials, pollutant or substances defined as or
      included in the definition of “hazardous substances”, “hazardous waste”,
“hazardous materials”, “extremely hazardous substances”, “restricted hazardous
      waste”, “toxic substances”, “toxic pollutants”, “contaminants”, “pollutants” or
      words of similar import, under any applicable Environmental Law; and (c) any
      other chemical, material or substance, the exposure to, or release of which
      is
      prohibited, limited or regulated by any governmental authority or for which
      any
      duty or standard of care is imposed pursuant to, any Environmental
      Law.

     

    11

    
      
        
        

      

      
         

        
          

        

      

      
         

      

    

    Hedging
      Agreement
      means
      any interest rate, currency or commodity swap agreement, cap agreement or collar
      agreement, and any other agreement or arrangement designed to protect a Person
      against fluctuations in interest rates, currency exchange rates or commodity
      prices.

     

    Hedging
      Obligation
      means,
      with respect to any Person, any liability of such Person under any Hedging
      Agreement. The amount of any Person’s obligation in respect of any Hedging
      Obligation shall be deemed to be the incremental obligation that would be
      reflected in the financial statements of such Person in accordance with
      GAAP.

     

    Indemnified
      Liabilities
      - see
Section
      15.16.

     

    Interest
      Coverage Ratio
      shall
      mean the sum of the Consolidated Operating Income and the Consolidated Storage
      Income of the Company and its Subsidiaries divided by all interest paid or
      payable in cash on any Debt of the Company or any Subsidiary, including all
      interest, dividends or distributions paid or payable in cash on the Junior
      Capital but excluding a premium in the aggregate amount of $8,170,000 paid
      by
      the Company on March 15, 2005.

     

    Interest
      Charges
      for any
      period means all interest and all amortization of debt discount and expense
      on
      any particular Debt for which such calculations are being made.

     

    Interest
      Period
      means,
      as to any LIBOR Loan, the period commencing on the date such Loan is borrowed
      or
      continued as, or converted into, a LIBOR Loan and ending on the date one, two,
      three or six months thereafter as selected by the Company pursuant to
Section
      2.2.2
      or
2.2.3,
      as the
      case may be; provided
      that:

     

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

     

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

     

    (c) the
      Company may not select any Interest Period for a Revolving Loan which would
      extend beyond the scheduled Termination Date.

     

    Investment
      means,
      with respect to any Person, any investment in another Person, whether by
      acquisition of any debt security or Capital Security, by making any loan or
      advance (excluding the extension of trade credit in the ordinary course of
      business), by becoming obligated with respect to a contingent liability in
      respect of obligations of such other Person (other than travel and similar
      advances to employees in the ordinary course of business) or by making an
      Acquisition.

     

    12

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Issuing
      Lender
      means
      LaSalle Midwest, in its capacity as the issuer of Letters of Credit hereunder,
      any Affiliate of LaSalle Midwest that may from time to time issue Letters of
      Credit, any other Lender or any Affiliate of any other Lender that may from
      time
      to time issue Letters of Credit and their respective successors and assigns
      in
      such capacity.

     

    Junior
      Capital
      means,
      without duplication (i) Subordinated Debt, (ii) the Trust Preferred Securities,
      and such other trust preferred securities which may be issued by unconsolidated
      capital trust subsidiaries of the Company from time to time, (iii) the Series
      B
      Preferred Stock and (iv) all other preferred stock or preference stock issued
      by
      the Company that by their terms rank junior to the Series B Preferred
      Stock.

     

    LaSalle
      Midwest
      is
      defined in the Preamble.

     

    L/C
      Application
      means,
      with respect to any request for the issuance of a Letter of Credit, a letter
      of
      credit application in the form being used by an Issuing Lender at the time
      of
      such request for the type of letter of credit requested.

     

    L/C
      Fee Rate
      - see
      the definition of Applicable Margin.

     

    Lender
      - see
      the Preamble.
      References to the “Lenders” shall include each Issuing Lender; for purposes of
      clarification only, to the extent that such Issuing Lender may have any rights
      or obligations in addition to those of the other Lenders due to its status
      as an
      Issuing Lender, its status as such will be specifically referenced.

     

    Lender
      Party
      - see
Section
      15.16.

     

    Letter
      of Credit
      - see
Section
      2.1.3.

     

    LIBOR
      Loan
      means
      any Loan which bears interest at a rate determined by reference to the LIBOR
      Rate.

     

    LIBOR
      Margin
      - see
      the definition of Applicable Margin.

     

    LIBOR
      Office
      means
      with respect to any Lender the office or offices of such Lender which shall
      be
      making or maintaining the LIBOR Loans of such Lender hereunder. A LIBOR Office
      of any Lender may be, at the option of such Lender, either a domestic or foreign
      office.

     

    LIBOR
      Rate
      means a
      rate of interest equal to (a) the per annum rate of interest at which United
      States dollar deposits in an amount comparable to the amount of the relevant
      LIBOR Loan and for a period equal to the relevant Interest Period are offered
      in
      the London Interbank Eurodollar market at 11:00 A.M. (London time) two (2)
      Business Days prior to the commencement of such Interest Period (or three (3)
      Business Days prior to the commencement of such Interest Period if banks in
      London, England were not open and dealing in offshore United States dollars
      on
      such second preceding Business Day), as displayed in the Bloomberg
      Financial Markets
      system
      (or other authoritative source selected by the Administrative Agent in its
      sole
      discretion) or, if the Bloomberg
      Financial Markets
      system
      or another authoritative source is not available, as the LIBOR Rate is otherwise
      determined by the Administrative Agent in its sole and absolute discretion,
      divided by (b) a number determined by subtracting from 1.00 the then stated
      maximum reserve percentage for determining reserves to be maintained by member
      banks of the Federal Reserve System for Eurocurrency funding or liabilities
      as
      defined in Regulation D (or any successor category of liabilities under
      Regulation D), such rate to remain fixed for such Interest Period. The
      Administrative Agent’s determination of the LIBOR Rate shall be conclusive,
      absent manifest error.

     

    13

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Lien
      means,
      with respect to any Person, any interest granted by such Person in any real
      or
      personal property, asset or other right owned or being purchased or acquired
      by
      such Person (including an interest in respect of a Capital Lease) which secures
      payment or performance of any obligation and shall include any mortgage, lien,
      encumbrance, title retention lien, charge or other security interest of any
      kind, whether arising by contract, as a matter of law, by judicial process
      or
      otherwise.

     

    Loan
      Documents
      means
      this Agreement, the Notes, the Letters of Credit, the Master Letter of Credit
      Agreement, the L/C Applications, the Agent Proposal Letter, the Subordination
      Agreements and all documents, instruments and agreements delivered in connection
      with the foregoing.

     

    Loan
      or Loans
      means,
      as the context may require, Revolving Loans, and/or Swing Line
      Loans.

     

    Margin
      Stock
      means
      any “margin stock” as defined in Regulation U.

     

    Master
      Letter of Credit Agreement
      means,
      at any time, with respect to the issuance of Letters of Credit, a master letter
      of credit agreement or reimbursement agreement in the form, if any, being used
      by an Issuing Lender at such time.

     

    Material
      Adverse Effect
      means
      (a) a material adverse change in, or a material adverse effect upon, the
      financial condition, operations, assets, business, or properties of the
      Affiliated Parties taken as a whole, (b) a material impairment of the ability
      of
      any Credit Party to perform any of the Obligations under any Loan Document
      or
      (c) a material adverse effect upon any substantial portion of the assets of
      the
      Credit Parties, taken as a whole, or upon the legality, validity, binding effect
      or enforceability against any Credit Party of any Loan Document. 

     

    Moody’s
      means
      Moody’s Investors Service, Inc., and any successor thereto.

     

    Mortgage
      means a
      mortgage, deed of trust, leasehold mortgage or similar instrument granting
      the
      Administrative Agent a Lien on real property of any Affiliated
      Party.

     

    Multiemployer
      Pension Plan
      means a
      multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which the
      Company or any other member of the Controlled Group may have any
      liability.

     

    14

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    New
      Capital Adjustment
      means
      that amount to be added to the minimum Consolidated Net Worth required to be
      maintained under Section
      11.14.3
      consisting of an amount equal to one hundred percent (100%) of the proceeds
      of
      each New Capital Offering conducted by the Company or any of its Subsidiaries
      on
      or after June 30, 2005, net of costs of issuance on a cumulative basis, less
      the
      aggregate principal amount (excluding any capitalized interest) of any Junior
      Capital which is retired, prepaid, or redeemed in connection with a New Capital
      Offering.

     

    New
      Capital Offering
      means
      the issuance and sale for cash or other consideration, on and after June 30,
      2005, by the Company or any of its Subsidiaries of additional Capital Securities
      or other equity interests or of Junior Capital.

     

    New
      Lender
      is
      defined in Sections
      2.1.2(b).

     

    New
      Lender Addendum
      means an
      addendum, substantially in the form of Exhibit
      C,
      to be
      executed and delivered by each Bank becoming a party to this Agreement pursuant
      to Section
      2.1.2.

     

    Non-U.S.
      Participant
      - see
Section
      7.6(d).

     

    Note
      means a
      promissory note substantially in the form of Exhibit
      A.

     

    Notice
      of Borrowing
      - see
Section
      2.2.2.

     

    Notice
      of Conversion/Continuation
      - see
Section
      2.2.3.

     

    Obligations
      means
      all obligations (monetary (including post-petition interest, allowed or not)
      or
      otherwise) of any Affiliated Party under this Agreement and any other Loan
      Document including Attorney Costs and any reimbursement obligations of each
      Affiliated Party in respect of Letters of Credit, all in each case howsoever
      created, arising or evidenced, whether direct or indirect, absolute or
      contingent, now or hereafter existing, or due or to become due.

     

    OFAC
      - see
Section
      10.4.

     

    Off-Balance
      Sheet Liability
      of a
      Person shall mean (i) any repurchase obligation or liability of such Person
      with
      respect to accounts or notes receivable sold by such Person and (ii) any
      liability under any so-called “synthetic lease” or “tax ownership operating
      lease” transaction entered into by such Person.

     

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

     

    Participant
      - see
      Section 15.6.2.

     

    Pension
      Plan
      means a
“pension plan”, as such term is defined in Section 3(2) of ERISA, which is
      subject to Title IV of ERISA or the minimum funding standards of ERISA (other
      than a Multiemployer Pension Plan), and as to which the Company or any member
      of
      the Controlled Group may have any liability, including any liability by reason
      of having been a substantial employer within the meaning of Section 4063 of
      ERISA at any time during the preceding five years, or by reason of being deemed
      to be a contributing sponsor under Section 4069 of ERISA.

     

    15

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Permitted
      Lien
      means a
      Lien expressly permitted hereunder pursuant to Section
      11.2.

     

    Person
      means
      any natural person, corporation, partnership, trust, limited liability company,
      association, governmental authority or unit, or any other entity, whether acting
      in an individual, fiduciary or other capacity.

     

    Prime
      Rate
      means,
      for any day, the rate of interest in effect for such day as publicly announced
      from time to time by the Administrative Agent as its prime rate (whether or
      not
      such rate is actually charged by the Administrative Agent), which is not
      intended to be the Administrative Agent’s lowest or most favorable rate of
      interest at any one time. Any change in the Prime Rate announced by the
      Administrative Agent shall take effect at the opening of business on the day
      specified in the public announcement of such change; provided
      that the
      Administrative Agent shall not be obligated to give notice of any change in
      the
      Prime Rate.

     

    Prior
      Credit Agreement
      has the
      meaning set forth in the Recitals hereto.

     

    Pro
      Rata Share
      means
      with respect to a Lender’s obligation to make Revolving Loans, participate in
      Letters of Credit, reimburse each Issuing Lender, and receive payments of
      principal, interest, fees, costs, and expenses with respect thereto, (x) prior
      to the Revolving Commitment being terminated or reduced to zero, the percentage
      obtained by dividing (i) such Lender’s Revolving Commitment, by (ii) the
      aggregate Revolving Commitment of all Lenders and (y) from and after the time
      the Revolving Commitment has been terminated or reduced to zero, the percentage
      obtained by dividing (i) the aggregate unpaid principal amount of such Lender’s
      Revolving Outstandings (after settlement and repayment of all Swing Line Loans
      by the Lenders) by (ii) the aggregate unpaid principal amount of all Revolving
      Outstandings.

     

    Rating
      Agencies
      means
      Moody’s and S&P, or such other rating agencies acceptable to the Required
      Lenders in their sole discretion.

     

    Refunded
      Swing Line Loan
      - see
Section
      2.2.4(c).

     

    Regulation
      D
      means
      Regulation D of the FRB.

     

    Regulation
      U
      means
      Regulation U of the FRB.

     

    Regulatory
      Body(ies)
      means
      any federal or state board or commission, department or other regulatory body
      in
      the United States of America (or any international equivalent thereof) which
      regulates the distribution, transportation or storage of natural gas, or other
      material lines of business in which the Company or any of its Subsidiaries
      is
      engaged from time to time.

     

    Release
      has the
      meaning specified in CERCLA and the term “Disposal”
      (or
“Disposed”)
      has
      the meaning specified in RCRA; provided
      that in
      the event either CERCLA or RCRA is amended so as to broaden or narrow the
      meaning of any term defined thereby, such broader or narrower meaning shall
      apply as of the effective date of such amendment; and provided,
      further,
      that to
      the extent that the laws of a state wherein any affected property lies establish
      a meaning for “Release”
      or
“Disposal”
      which
      is broader than is specified in either CERCLA or RCRA, such broader meaning
      shall apply.

     

    16

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Replacement
      Lender
      - see
Section
      8.7(b).

     

    Rentals
      means
      and include as of the date of any determination thereof all fixed payments
      (including as such all payments which the lessee is obligated to make to the
      lessor on termination of the lease or surrender of the property) payable by
      the
      Company or a Subsidiary, as lessee or sublessee under a lease of real or
      personal property, but shall be exclusive of any amounts required to be paid
      by
      the Company or a Subsidiary (whether or not designated as rents or additional
      rents) on account of maintenance, repairs, insurance, taxes and similar charges.
      Fixed rents under any so-called “percentage leases” shall be computed solely on
      the basis of the minimum rents, if any, required to be paid by the lessee
      regardless of sales volume or gross revenues.

     

    Request
      for Revolving Commitment Increase is
      defined in Section
      2.1.2

     

    Required
      Lenders
      means,
      at any time, Lenders whose Pro Rata Shares equal or exceed 51%.

     

    Revolving
      Commitment
      means
      $120,000,000, as reduced from time to time pursuant to Section 6.1 or as
      increased by the Revolving Commitment Optional Increase pursuant to Section
      2.1.2.

     

    Revolving
      Commitment Optional Increase
      means an
      amount up to $5,000,000, minus the portions thereof applied from time to time
      to
      increase the Revolving Commitment.

     

    Revolving
      Loan
      - see
Section
      2.1.1.

     

    Revolving
      Loan Availability
      means
      the Revolving Commitment.

     

    Revolving
      Outstandings
      means,
      at any time, the sum of (a) the aggregate principal amount of all outstanding
      Revolving Loans, plus (b) the Stated Amount of all outstanding Letters of
      Credit.

     

    S&P
      means
      Standard & Poor’s Ratings Group, a division of McGraw-Hill Companies, and
      any successor thereto.

     

    SEC
      means
      the Securities and Exchange Commission or any other governmental authority
      succeeding to any of the principal functions thereof.

     

    Senior
      Notes
      shall
      mean the Company’s 7.125% Senior Notes due 2008.

     

    Senior
      Officer
      means,
      with respect to any Affiliated Party, any of the chief executive officer, the
      chief financial officer, the chief operating officer or the treasurer of such
      Affiliated Party.

     

    17

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Series
      B Preferred Stock means
      the
      Company’s 5% Series B Convertible Cumulative Preferred Stock. 

     

    Stated
      Amount
      means,
      with respect to any Letter of Credit at any date of determination, (a) the
      maximum aggregate amount available for drawing thereunder under any and all
      circumstances plus (b) the aggregate amount of all unreimbursed payments and
      disbursements under such Letter of Credit.

     

    Subordinated
      Debt
      means
      (i) the Company’s existing unsecured subordinated debt identified on
Schedule
      10.7
      and (ii)
      any other unsecured Debt of the Company which has subordination terms, covenants
      and default provisions which have been approved in writing by the Required
      Lenders.

     

    Subordinated
      Debt Documents
      means
      all documents and instruments relating to the Subordinated Debt and all
      amendments and modifications thereof approved by the Administrative
      Agent.

     

    Subordination
      Agreements
      means
      all subordination agreements executed by a holder of Subordinated Debt in favor
      of the Administrative Agent and the Lenders from time to time after the Closing
      Date.

     

    Subsidiary
      means,
      with respect to any Person, a corporation, partnership, limited liability
      company or other entity of which such Person owns, directly or indirectly,
      such
      number of outstanding Capital Securities as have more than 50% of the ordinary
      voting power for the election of directors or other managers of such
      corporation, partnership, limited liability company or other entity ;provided,
      however, in the case of the Company, “Subsidiary” shall not include any
      unconsolidated capital trust subsidiary of the Company. Unless the context
      otherwise requires, each reference to Subsidiaries herein shall be a reference
      to Subsidiaries of the Company.

     

    Swing
      Line Availability
      means
      the lesser (a) the Swing Line Commitment Amount and (b) Revolving Loan
      Availability (less Revolving Outstandings at such time).

     

    Swing
      Line Commitment Amount
      means
      $40,000,000, as reduced from time to time pursuant to Section
      6.1,
      which
      commitment constitutes a subfacility of the Revolving Commitment of the Swing
      Line Lender.

     

    Swing
      Line Lender
      means
      LaSalle Midwest.

     

    Swing
      Line Loan
      -
see
      Section 2.2.4.

     

    Taxes
      means
      any and all present and future taxes, duties, levies, imposts, deductions,
      assessments, charges or withholdings, and any and all liabilities (including
      interest and penalties and other additions to taxes) with respect to the
      foregoing, but excluding Excluded Taxes.

     

    Termination
      Date
      means
      the earlier to occur of (a) September 15, 2008 or (b) such other date on which
      the Commitments terminate pursuant to Section
      6
      or
13.

     

    18

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Trust-Preferred
      Securities
      means
      the trust-preferred securities issued by SEMCO Capital Trust I, a wholly-owned
      Subsidiary of the Company, under the SEMCO Capital Trust I Amended and Restated
      Trust Agreement dated as of April 19, 2000 and the related documents and
      instruments, all as amended (subject to the terms hereof) from time to
      time.

     

    type
      - see
Section
      2.2.1.

     

    Unmatured
      Event of Default
      means
      any event that, if it continues uncured, will, with lapse of time or notice
      or
      both, constitute an Event of Default.

     

    Withholding
      Certificate
      - see
Section
      7.6(d).

     

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

     

    (a) Section,
      Annex,
      Schedule and Exhibit references are to this Agreement unless otherwise
      specified.

     

    (b) The
      term
“including” is not limiting and means “including without
      limitation.”

     

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

     

    (d) Unless
      otherwise expressly provided herein, (i) references to agreements (including
      this Agreement and the other Loan Documents) and other contractual instruments
      shall be deemed to include all subsequent amendments, restatements, supplements
      and other modifications thereto, but only to the extent such amendments,
      restatements, supplements and other modifications are not prohibited by the
      terms of any Loan Document, and (ii) references to any statute or regulation
      shall be construed as including all statutory and regulatory provisions
      amending, replacing, supplementing or interpreting such statute or
      regulation.

     

    (e) This
      Agreement and the other Loan Documents may use several different limitations,
      tests or measurements to regulate the same or similar matters. All such
      limitations, tests and measurements are cumulative and each shall be performed
      in accordance with its terms.

     

    (f) This
      Agreement and the other Loan Documents are the result of negotiations among
      and
      have been reviewed by counsel to the Administrative Agent, the Company, the
      Lenders and the other parties thereto and are the products of all parties.
      Accordingly, they shall not be construed against the Administrative Agent or
      the
      Lenders merely because of the Administrative Agent’s or Lenders’ involvement in
      their preparation.

     

    SECTION
      2. COMMITMENTS
      OF THE LENDERS; BORROWING, CONVERSION AND LETTER OF CREDIT
      PROCEDURES.

     

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    2.1 Commitments.
      On and
      subject to the terms and conditions of this Agreement, each of the Lenders,
      severally and for itself alone, agrees to make loans to, and to issue or
      participate in letters of credit for the account of, the Company as
      follows:

     

    2.1.1 Revolving
      Loan Commitment.
      Each
      Lender with a Revolving Loan Commitment agrees to make loans on a revolving
      basis (“Revolving
      Loans”)
      from
      time to time until the Termination Date in such Lender’s Pro Rata Share of such
      aggregate amounts as the Company may request from all Lenders; provided that
      the
      Revolving Outstandings will not at any time exceed Revolving Loan Availability
      (less the amount of any Swing Line Loans outstanding at such time).

     

    2.1.2 Revolving
      Commitment Optional Increase.
      So long
      as no Unmatured Event of Default or Event of Default has occurred and is
      continuing, and the Company has not previously elected to terminate the
      Revolving Commitment, the Company may request that the Revolving Commitment
      be
      increased in an aggregate amount not to exceed the Revolving Commitment Optional
      Increase, subject, in each case, to Section 8.4 and to the satisfaction
      concurrently with or prior to the date of each such request of the following
      conditions:

     

    (a) the
      Company shall have delivered to the Agent not less than 90 days prior to the
      Termination Date then in effect a written request for such increase, specifying
      the amount of Revolving Commitment Optional Increase thereby requested (each
      such request, a “Request
      for Revolving Commitment Increase”);
      provided,
      however
      that in
      the event the Company has previously delivered a Request for Revolving
      Commitment Increase pursuant to this Section
      2.1.2,
      the
      Company may not deliver a subsequent Request for Revolving Commitment Increase
      until all the conditions to effectiveness of such first Request for Revolving
      Commitment Increase have been fully satisfied hereunder (or such Request for
      Revolving Commitment Increase has been withdrawn); and provided,
      further
      that the
      Company may make no more than two Requests for Increase in any
      year;

     

    (b) a
      lender
      or lenders meeting the requirements of this Agreement and reasonably acceptable
      to the Company and the Agent (including, for the purposes of this Section
      2.1.2,
      any
      existing Lender which agrees to increase its Commitment, each a “New Lender” and
      collectively, the “New Lenders”) shall have become a party to this Agreement by
      executing and delivering a New Lender Addendum for a minimum amount (including
      for the purposes of this Section
      2.1.2
      the
      existing commitment of any existing Lender) for each such New Lender of
      $5,000,000 and an aggregate amount for all such New Lenders of that portion
      of
      the Revolving Commitment Optional Increase, taking into account the amount
      of
      any prior increase in the Revolving Commitment (pursuant to this Section
      2.1.2),
      covered by the applicable Request, provided,
      however
      that (i)
      each New Lender shall remit to the Agent funds in an amount equal to its Pro
      Rata Share (after giving effect to this Section
      2.1.2,
      but
      taking into account, in the case of any existing Lender, any Revolving Loan
      Outstandings then funded by such Lender) of the Revolving Outstandings, such
      sums to be reallocated among and paid to the existing Lenders based upon the
      new
      Pro Rata Shares as determined below;

     

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    (c) the
      Company shall have paid to the Agent for distribution to the existing Lenders,
      as applicable, all interest, fees and other amounts, if any, accrued to the
      effective date of such increase and any breakage fees attributable to the
      reduction (prior to the last day of the applicable Interest Period) of any
      outstanding Eurodollar Loan, calculated on the basis set forth in Section
      8.4
      as
      though the Company has prepaid such Loans;

     

    (d) the
      Company shall have executed and delivered to the Agent new Revolving Credit
      Notes payable to each of the New Lenders in the face amount of each such New
      Lender’s Pro Rata Share of the Revolving Commitment (after giving effect to this
Section
      2.1.2)
      and, if
      applicable, renewal and replacement Revolving Credit Notes payable to each
      of
      the existing Lenders in the face amount of each such Lender’s Pro Rata Share of
      the Revolving Commitment (after giving effect to this Section
      2.1.2),
      each
      of such Revolving Credit Notes to be dated as of the effective date of such
      increase (with appropriate insertions relevant to such Notes and acceptable
      to
      the applicable Lender, including the New Lenders);

     

    (e) except
      to
      the extent such representations and warranties are not, by their terms,
      continuing representations and warranties, but speak only as of a specific
      date,
      the representations and warranties made by the Company (excluding the Agent
      and
      the Lenders) in this Agreement or any of the other Loan Documents, and the
      representations and warranties of any of the foregoing which are contained
      in
      any certificate, document or financial or other statement furnished at any
      time
      hereunder or thereunder or in connection herewith or therewith shall have been
      true and correct in all material respects when made and shall be true and
      correct in all material respects on and as of the effective date of such
      increase; in each case except for changes therein occurring in the ordinary
      course of business and which do not violate this Agreement and no Unmatured
      Event of Default or Event of Default shall have occurred and be continuing
      as of
      such date; and

     

    (f) such
      other acknowledgments, consents, authority documents or other documents, if
      any,
      shall have been executed and delivered and/or obtained by the Company as
      reasonably required by Agent or the Required Lenders.

     

    Promptly
      on or after the date on which all of the conditions to such Request for Increase
      in the Revolving Commitment set forth above have been satisfied, the Agent
      shall
      notify the Company and each of the Lenders of the amount of the Revolving
      Commitment as increased pursuant this Section
      2.1.2
      and the
      date on which such increase has become effective and shall prepare and
      distribute to Company and each of the Lenders (including the New Lenders) a
      revised Annex
      A
      setting
      forth the applicable new Pro Rata Shares of the Lenders (including the New
      Lender(s), taking into account such increase and assignments (if
      any).

     

    2.1.3 L/C
      Commitment.
      Subject
      to Section 2.3.1, each Issuing Lender agrees to issue letters of credit, in
      each
      case containing such terms and conditions as are permitted by this Agreement
      and
      are reasonably satisfactory to such Issuing Lender (each, a “Letter
      of Credit”),
      at
      the request of and for the account of the Company from time to time before
      the
      scheduled Termination Date and, as more fully set forth in Section
      2.3.2,
      each
      Lender agrees to purchase a participation in each such Letter of Credit;
provided
      that (a)
      the aggregate Stated Amount of all Letters of Credit shall not at any time
      exceed $72,000,000, provided that upon the Revolving Commitment being increased
      as set forth in Section 2.1.2, the aggregate Stated Amount of all Letters of
      Credit shall not exceed an amount equal to sixty percent (60%) of the Revolving
      Commitment after giving effect to such increase and (b) the Revolving
      Outstandings shall not at any time exceed Revolving Loan Availability (less
      the
      amount of any Swing Line Loans outstanding at such time).

     

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    2.2 Loan
      Procedures.

     

    2.2.1 Various
      Types of Loans.
      Each
      Revolving Loan shall be divided into tranches which are, either a Base Rate
      Loan
      or a LIBOR Loan (each a “type”
      of
      Loan), as the Company shall specify in the related notice of borrowing or
      conversion pursuant to Section
      2.2.2
      or
2.2.3.
      LIBOR
      Loans having the same Interest Period are sometimes called a “Group”
      or
      collectively “Groups”. Base Rate Loans and LIBOR Loans may be outstanding at the
      same time, provided that not more than seven (7) different Groups of LIBOR
      Loans
      shall be outstanding at any one time. All borrowings, conversions and repayments
      of Revolving Loans shall be effected so that each Lender will have a ratable
      share (according to its Pro Rata Share) of all types and Groups of Loans.

     

    2.2.2 Borrowing
      Procedures.
      The
      Company shall give written notice (each such written notice, a “Notice
      of Borrowing”)
      substantially in the form of Exhibit
      E
      or
      telephonic notice (followed immediately by a Notice of Borrowing) to the
      Administrative Agent of each proposed borrowing not later than (a) in the case
      of a Base Rate borrowing, noon, Detroit time, on the proposed date of such
      borrowing, and (b) in the case of a LIBOR borrowing, noon, Detroit time, at
      least three Business Days prior to the proposed date of such borrowing. Each
      such notice shall be effective upon receipt by the Administrative Agent, shall
      be irrevocable, and shall specify the date, amount and type of borrowing and,
      in
      the case of a LIBOR borrowing, the initial Interest Period therefor. Promptly
      upon receipt of such notice, the Administrative Agent shall advise each Lender
      thereof. Not later than 3:00 P.M., Detroit time, on the date of a proposed
      borrowing, each Lender shall provide the Administrative Agent at the office
      specified by the Administrative Agent with immediately available funds covering
      such Lender’s Pro Rata Share of such borrowing and, so long as the
      Administrative Agent has not received written notice that the conditions
      precedent set forth in Section 11 with respect to such borrowing have not been
      satisfied, the Administrative Agent shall pay over the funds received by the
      Administrative Agent to the Company on the requested borrowing date. Each
      borrowing shall be on a Business Day. Each Base Rate borrowing shall be in
      an
      aggregate amount of at least $500,000 and an integral multiple of $100,000,
      and
      each LIBOR borrowing shall be in an aggregate amount of at least $1,000,000
      and
      an integral multiple of at least $500,000.

     

    2.2.3 Conversion
      and Continuation Procedures.
      (a)
      Subject to Section
      2.2.1,
      the
      Company may, upon irrevocable written notice to the Administrative Agent in
      accordance with clause
      (b)
      below:

     

    (A) elect,
      as
      of any Business Day, to convert any Loans (or any part thereof in an aggregate
      amount not less than $500,000 a higher integral multiple of $100,000) into
      Loans
      of the other type; or

     

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    (B) elect,
      as
      of the last day of the applicable Interest Period, to continue any LIBOR Loans
      having Interest Periods expiring on such day (or any part thereof in an
      aggregate amount not less than $1,000,000 or a higher integral multiple of
      $500,000) for a new Interest Period;

     

    provided
      that after giving effect to any prepayment, conversion or continuation, the
      aggregate principal amount of each Group of LIBOR Loans shall be at least
      $1,000,000 and an integral multiple of $500,000.

     

    (b) The
      Company shall give written notice (each such written notice, a “Notice
      of Conversion/Continuation”)
      substantially in the form of Exhibit
      F
      or
      telephonic notice (followed immediately by a Notice of Conversion/Continuation)
      to the Administrative Agent of each proposed conversion or continuation not
      later than (i) in the case of conversion into Base Rate Loans, noon, Detroit
      time, on the proposed date of such conversion and (ii) in the case of conversion
      into or continuation of LIBOR Loans, noon, Detroit time, at least three Business
      Days prior to the proposed date of such conversion or continuation, specifying
      in each case:

     

    (A) the
      proposed date of conversion or continuation;

     

    (B) the
      aggregate amount of Loans to be converted or continued;

     

    (C) the
      type
      of Loans resulting from the proposed conversion or continuation;
      and

     

    (D) in
      the
      case of conversion into, or continuation of, LIBOR Loans, the duration of the
      requested Interest Period therefor.

     

    (c) If
      upon
      the expiration of any Interest Period applicable to LIBOR Loans, the Company
      has
      failed to select timely a new Interest Period to be applicable to such LIBOR
      Loans, the Company shall be deemed to have elected to convert such LIBOR Loans
      into Base Rate Loans effective on the last day of such Interest
      Period.

     

    (d) The
      Administrative Agent will promptly notify each Lender of its receipt of a notice
      of conversion or continuation pursuant to this Section
      2.2.3
      or, if
      no timely notice is provided by the Company, of the details of any automatic
      conversion.

     

    (e) Any
      conversion of a LIBOR Loan on a day other than the last day of an Interest
      Period therefor shall be subject to Section
      8.4.

     

    2.2.4 Swing
      Line Facility.

     

    (a) The
      Administrative Agent shall notify the Swing Line Lender upon the Administrative
      Agent’s receipt of any Notice of Borrowing. Subject to the terms and conditions
      hereof, the Swing Line Lender may, in its sole discretion, make available from
      time to time until the Termination Date advances (each, a “Swing
      Line Loan”)
      in
      accordance with any such notice, notwithstanding that after making a requested
      Swing Line Loan, the sum of the Swing Line Lender’s Pro Rata Share of the
      Revolving Outstanding and all outstanding Swing Line Loans, may exceed the
      Swing
      Line Lender’s Pro Rata Share of the Revolving Commitment. The provisions of this
Section
      2.2.4
      shall
      not relieve Lenders of their obligations to make Revolving Loans under
Section
      2.1.1;
      provided that if the Swing Line Lender makes a Swing Line Loan pursuant to
      any
      such notice, such Swing Line Loan shall be in lieu of any Revolving Loan that
      otherwise may be made by the Lenders pursuant to such notice. The aggregate
      amount of Swing Line Loans outstanding shall not exceed at any time Swing Line
      Availability. Until the Termination Date, the Company may from time to time
      borrow, repay and reborrow under this Section 2.2.4. Each Swing Line Loan shall
      be made pursuant to a Notice of Borrowing delivered by the Company to the
      Administrative Agent in accordance with Section
      2.2.2.
      Any
      such notice must be given no later than 2:00 P.M., Detroit time, on the Business
      Day of the proposed Swing Line Loan. Unless the Swing Line Lender has received
      at least one Business Day’s prior written notice from Requisite Lenders that the
      conditions set forth in Section
      12.2
      have not
      been satisfied, the Swing Line Lender shall, notwithstanding the failure of
      any
      condition precedent set forth in Section
      12.2,
      be
      entitled to fund that Swing Line Loan, and to have such Lender make Revolving
      Loans in accordance with Section
      2.2.4(c)
      or
      purchase participating interests in accordance with Section
      2.2.4(d).
      Notwithstanding any other provision of this Agreement or the other Loan
      Documents, each Swing Line Loan shall constitute a Base Rate Loan.

     

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    (b) The
      entire unpaid balance of each Swing Line Loan and all other noncontingent
      Obligations shall be immediately due and payable in full in immediately
      available funds on the Termination Date if not sooner paid in full.

     

    (c) The
      Swing
      Line Lender, at any time and from time to time no less frequently than once
      weekly, shall on behalf of the Company (and the Company hereby irrevocably
      authorizes the Swing Line Lender to so act on its behalf) request each Lender
      with a Revolving Commitment (including the Swing Line Lender) to make a
      Revolving Loan to the Company (which shall be a Base Rate Loan) in an amount
      equal to that Lender’s Pro Rata Share of the principal amount of all Swing Line
      Loans (the “Refunded
      Swing Line Loan”)
      outstanding on the date such notice is given. Unless any of the events described
      in Section
      13.1.4
      has
      occurred (in which event the procedures of Section
      2.2.4(d)
      shall
      apply) and regardless of whether the conditions precedent set forth in this
      Agreement to the making of a Revolving Loan are then satisfied, each Lender
      shall disburse directly to the Administrative Agent, its Pro Rata Share on
      behalf of the Swing Line Lender, prior to 3:00 P.M., Detroit time, in
      immediately available funds on date that notice is given (provided
      that
      such notice is given by 1:00 P.M., Detroit time, on such date). The proceeds
      of
      those Revolving Loans shall be immediately paid to the Swing Line Lender and
      applied to repay the Refunded Swing Line Loan. 

     

    (d) If,
      prior
      to refunding a Swing Line Loan with a Revolving Loan pursuant to Section
      2.2.4(c),
      one of
      the events described in Section
      13.1.4
      has
      occurred, then, subject to the provisions of Section
      2.2.4(e)
      below,
      each Lender shall, on the date such Revolving Loan was to have been made for
      the
      benefit of the Company, purchase from the Swing Line Lender an undivided
      participation interest in the Swing Line Loan in an amount equal to its Pro
      Rata
      Share of such Swing Line Loan. Upon request, each Lender shall promptly transfer
      to the Swing Line Lender, in immediately available funds, the amount of its
      participation interest.

     

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    (e) Each
      Lender’s obligation to make Revolving Loans in accordance with Section
      2.2.4(c)
      and to
      purchase participation interests in accordance with Section
      2.2.4(d)
      shall be
      absolute and unconditional and shall not be affected by any circumstance,
      including (i) any setoff, counterclaim, recoupment, defense or other right
      that
      such Lender may have against the Swing Line Lender, the Company or any other
      Person for any reason whatsoever; (ii) the occurrence or continuance of any
      Unmatured Event of Default or Event of Default; (iii) any inability of the
      Company to satisfy the conditions precedent to borrowing set forth in this
      Agreement at any time or (iv) any other circumstance, happening or event
      whatsoever, whether or not similar to any of the foregoing. If and to the extent
      any Lender shall not have made such amount available to the Administrative
      Agent
      or the Swing Line Lender, as applicable, by 2:00 P.M., Detroit time, the amount
      required pursuant to Sections
      2.2.4(c) or 2.2.4(d),
      as the
      case may be, on the Business Day on which such Lender receives notice from
      the
      Administrative Agent of such payment or disbursement (it being understood that
      any such notice received after noon, Detroit time, on any Business Day shall
      be
      deemed to have been received on the next following Business Day), such Lender
      agrees to pay interest on such amount to the Administrative Agent for the Swing
      Line Lender’s account forthwith on demand, for each day from the date such
      amount was to have been delivered to the Administrative Agent to the date such
      amount is paid, at a rate per annum equal to (a) for the first three days after
      demand, the Federal Funds Rate from time to time in effect and (b) thereafter,
      the Base Rate from time to time in effect.

     

    2.3 Letter
      of Credit Procedures. 

     

    2.3.1 L/C
      Applications.
      The
      Company shall execute and deliver to the applicable Issuing Lenders the Master
      Letter of Credit Agreements from time to time in effect. The Company shall
      give
      notice to the Administrative Agent and the applicable Issuing Lender of the
      proposed issuance of each Letter of Credit on a Business Day which is at least
      three Business Days (or such lesser number of days as the applicable Issuing
      Lender shall agree in any particular instance in their sole discretion) prior
      to
      the proposed date of issuance of such Letter of Credit. Each such notice shall
      be accompanied by an L/C Application, duly executed by the Company and in all
      respects satisfactory to the Administrative Agent and the applicable Issuing
      Lender, together with such other documentation as the Administrative Agent
      or
      the applicable Issuing Lender may request in support thereof, it being
      understood that each L/C Application shall specify, among other things, the
      date
      on which the proposed Letter of Credit is to be issued, the expiration date
      of
      such Letter of Credit (which, unless such Letter of Credit is Cash
      Collateralized, shall not be later than the earlier of (a) seven days prior
      to
      the scheduled Termination Date and (b) one year after the issuance thereof
      (provided,
      however,
      that
      such Letter of Credit may provide for one year renewals thereof, so long as
      the
      expiration date is never later than that set forth in clause (a) above)) and
      whether such Letter of Credit is to be transferable in whole or in part. Any
      Letter of Credit outstanding after the scheduled Termination Date which is
      Cash
      Collateralized for the benefit of a particular Issuing Lender shall be the
      sole
      responsibility of such Issuing Lender. So long as the applicable Issuing Lender
      has not received written notice that the conditions precedent set forth in
      Section 12 with respect to the issuance of such Letter of Credit have not been
      satisfied, such Issuing Lender shall issue such Letter of Credit on the
      requested issuance date. Each Issuing Lender shall promptly advise the
      Administrative Agent of the issuance of each Letter of Credit and of any
      amendment thereto, extension thereof or event or circumstance changing the
      amount available for drawing thereunder. In the event of any inconsistency
      between the terms of the Master Letter of Credit Agreement, any L/C Application
      and the terms of this Agreement, the terms of this Agreement shall control.
      

     

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    2.3.2 Participations
      in Letters of Credit.
      Concurrently with the issuance of each Letter of Credit, each Issuing Lender
      shall be deemed to have sold and transferred to each Lender with a Revolving
      Loan Commitment, and each such Lender shall be deemed irrevocably and
      unconditionally to have purchased and received from such Issuing Lender, without
      recourse or warranty, an undivided interest and participation, to the extent
      of
      such Lender’s Pro Rata Share, in such Letter of Credit and the Company’s
      reimbursement obligations with respect thereto. If the Company does not pay
      any
      reimbursement obligation when due, the Company shall be deemed to have
      immediately requested that the Lenders make a Revolving Loan which is a Base
      Rate Loan in a principal amount equal to such reimbursement obligations. The
      Administrative Agent shall promptly notify such Lenders of such deemed request
      and, without the necessity of compliance with the requirements of Section
      2.2.2,
      12.2
      or
      otherwise such Lender shall make available to the Administrative Agent its
      Pro
      Rata Share of such Loan. The proceeds of such Loan shall be paid over by the
      Administrative Agent to the applicable Issuing Lender for the account of the
      Company in satisfaction of such reimbursement obligations. For the purposes
      of
      this Agreement, the unparticipated portion of each Letter of Credit shall be
      deemed to be the applicable Issuing Lender’s “participation” therein. Each
      Issuing Lender hereby agrees, upon request of the Administrative Agent or any
      Lender, to deliver to the Administrative Agent or such Lender a list of all
      outstanding Letters of Credit issued by such Issuing Lender, together with
      such
      information related thereto as the Administrative Agent or such Lender may
      reasonably request.

     

    2.3.3 Reimbursement
      Obligations.
      (a)
      The
      Company hereby unconditionally and irrevocably agrees to reimburse each Issuing
      Lender for each payment or disbursement made by such Issuing Lender under any
      Letter of Credit honoring any demand for payment made by the beneficiary
      thereunder, in each case on the date that such payment or disbursement is made
      provided, however, unless Company shall have made payment to the Administrative
      Agent for the account of such Issuing Lender on the date of disbursement, upon
      each such disbursement by such Issuing Lender, the Administrative Agent shall
      be
      deemed to have disbursed to Company and Company shall be deemed to have elected
      to substitute for the reimbursement obligation, with respect to the applicable
      Letters of Credit, a Base Rate Loan under the Revolving Commitment for the
      account of the Lenders in an amount equal to the amount so paid by such Issuing
      Lender in respect of such draft or other demand under such Letters of Credit.
      Such Base Rate Loan shall be deemed disbursed notwithstanding any failure to
      satisfy any conditions for disbursement of a Loan set forth in this Agreement,
      provided, however, that if the Company has failed to satisfy any conditions
      for
      disbursement of a Loan as set forth in this Agreement, the Administrative Agent,
      upon notice to the Company, may require that the applicable reimbursement
      obligations be paid within five (5) days of the applicable Issuing Lender’s
      disbursement under the applicable Letter of Credit. The applicable Issuing
      Lender shall notify the Company and the Administrative Agent whenever any demand
      for payment is made under any Letter of Credit by the beneficiary thereunder;
      provided that the failure of an Issuing Lender to so notify the Company shall
      not affect the rights of such Issuing Lender or the Lenders in any manner
      whatsoever.

     

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    (b) The
      Company’s reimbursement obligations hereunder shall be irrevocable and
      unconditional under all circumstances, including (a) any lack of validity or
      enforceability of any Letter of Credit, this Agreement or any other Loan
      Document, (b) the existence of any claim, set-off, defense or other right which
      any Affiliated Party may have at any time against a beneficiary named in a
      Letter of Credit, any transferee of any Letter of Credit (or any Person for
      whom
      any such transferee may be acting), the Administrative Agent, any Issuing
      Lender, any Lender or any other Person, whether in connection with any Letter
      of
      Credit, this Agreement, any other Loan Document, the transactions contemplated
      herein or any unrelated transactions (including any underlying transaction
      between any Affiliated Party and the beneficiary named in any Letter of Credit),
      (c) the validity, sufficiency or genuineness of any document which an Issuing
      Lender has determined complies on its face with the terms of the applicable
      Letter of Credit, even if such document should later prove to have been forged,
      fraudulent, invalid or insufficient in any respect or any statement therein
      shall have been untrue or inaccurate in any respect, or (d) the surrender or
      impairment of any security for the performance or observance of any of the
      terms
      hereof. Without limiting the foregoing, no action or omission whatsoever by
      the
      Administrative Agent or any Lender (excluding any Lender in its capacity as
      an
      Issuing Lender) under or in connection with any Letter of Credit or any related
      matters shall result in any liability of the Administrative Agent or any Lender
      to the Company, or relieve the Company of any of its obligations hereunder
      to
      any such Person.

     

    2.3.4 Existing
      Letters of Credit.
      The
      Letters of Credit outstanding immediately prior to the amending and restating
      of
      this Agreement (the “Existing Letters of Credit”) shall be deemed for all
      purposes of this Agreement to be Letters of Credit, and each application and
      master letter of credit agreement submitted in connection with the Existing
      Letters of Credit shall be deemed for all purposes of this Agreement to be
      L/C
      Applications and Master Letter of Credit Agreements. On the Closing Date, the
      Issuing Lender for the Existing Letters of Credit shall be deemed automatically
      to have sold and transferred, and each other Lender shall be deemed
      automatically, irrevocably, and unconditionally to have purchased and received
      from such Issuing Lender, without recourse or warranty, an undivided interest
      and participation, to the extent of such other Lender’s Pro Rata Share, in the
      Existing Letters of Credit and the related obligations with respect
      thereto.

     

    2.3.5 Funding
      by Lenders to Issuing Lenders.
      If an
      Issuing Lender makes any payment or disbursement under any Letter of Credit
      and
      (a) the Company has not reimbursed such Issuing Lender in full for such payment
      or disbursement by 11:00 A.M., Detroit time, on the date of such payment or
      disbursement, (b) a Revolving Loan may not be made in accordance with
Section
      2.3.2
      or (c)
      any reimbursement received by such Issuing Lender from the Company is or must
      be
      returned or rescinded upon or during any bankruptcy or reorganization of the
      Company or otherwise, each other Lender with a Revolving Loan Commitment shall
      be obligated to pay to the Administrative Agent for the account of such Issuing
      Lender, in full or partial payment of the purchase price of its participation
      in
      such Letter of Credit, its Pro Rata Share of such payment or disbursement (but
      no such payment shall diminish the obligations of the Company under Section
      2.3.3),
      and,
      upon notice from such Issuing Lender, the Administrative Agent shall promptly
      notify each other Lender thereof. Each other Lender irrevocably and
      unconditionally agrees to so pay to the Administrative Agent in immediately
      available funds for the applicable Issuing Lender’s account the amount of such
      other Lender’s Pro Rata Share of such payment or disbursement. If and to the
      extent any Lender shall not have made such amount available to the
      Administrative Agent by 2:00 P.M., Detroit time, on the Business Day on which
      such Lender receives notice from the Administrative Agent of such payment or
      disbursement (it being understood that any such notice received after noon,
      Detroit time, on any Business Day shall be deemed to have been received on
      the
      next following Business Day), such Lender agrees to pay interest on such amount
      to the Administrative Agent for the applicable Issuing Lender’s account
      forthwith on demand, for each day from the date such amount was to have been
      delivered to the Administrative Agent to the date such amount is paid, at a
      rate
      per annum equal to (a) for the first three days after demand, the Federal Funds
      Rate from time to time in effect and (b) thereafter, the Base Rate from time
      to
      time in effect. Any Lender’s failure to make available to the Administrative
      Agent its Pro Rata Share of any such payment or disbursement shall not relieve
      any other Lender of its obligation hereunder to make available to the
      Administrative Agent such other Lender’s Pro Rata Share of such payment, but no
      Lender shall be responsible for the failure of any other Lender to make
      available to the Administrative Agent such other Lender’s Pro Rata Share of any
      such payment or disbursement.

     

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    2.4 Commitments
      Several.
      The
      failure of any Lender to make a requested Loan on any date shall not relieve
      any
      other Lender of its obligation (if any) to make a Loan on such date, but no
      Lender shall be responsible for the failure of any other Lender to make any
      Loan
      to be made by such other Lender.

     

    2.5 Certain
      Conditions.
      Notwithstanding any other provision of this Agreement, no Lender shall have
      an
      obligation to make any Loan, or to permit the continuation of or any conversion
      into any LIBOR Loan, and no Issuing Lender shall have any obligation to issue
      any Letter of Credit, if an Event of Default or Unmatured Event of Default
      exists.

     

    SECTION
      3. EVIDENCING
      OF LOANS.

     

    3.1 Notes.
      The
      Loans of each Lender shall be evidenced by a Note, with appropriate insertions,
      payable to the order of such Lender in a face principal amount equal to the
      sum
      of such Lender’s Revolving Loan Commitment.

     

    3.2 Recordkeeping.
      The
      Administrative Agent, on behalf of each Lender, shall record in its records,
      the
      date and amount of each Loan made by each Lender, each repayment or conversion
      thereof and, in the case of each LIBOR Loan, the dates on which each Interest
      Period for such Loan shall begin and end. The aggregate unpaid principal amount
      so recorded shall be rebuttably presumptive evidence of the principal amount
      of
      the Loans owing and unpaid. The failure to so record any such amount or any
      error in so recording any such amount shall not, however, limit or otherwise
      affect the Obligations of the Company hereunder or under any Note to repay
      the
      principal amount of the Loans hereunder, together with all interest accruing
      thereon.

     

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    SECTION
      4. INTEREST.

     

    4.1 Interest
      Rates.
      The
      Company promises to pay interest on the unpaid principal amount of each Loan
      for
      the period commencing on the date of such Loan until such Loan is paid in full
      as follows:

     

    (a) at
      all
      times while a Revolving Loan is a Base Rate Loan, at a rate per annum equal
      to
      the sum of the Base Rate from time to time in effect plus the Base Rate Margin
      from time to time in effect; 

     

    (b) at
      all
      times while a Revolving Loan is a LIBOR Loan, at a rate per annum equal to
      the
      sum of the LIBOR Rate applicable to each Interest Period for such Loan plus
      the
      LIBOR Margin from time to time in effect; and

     

    (c) in
      the
      case of any Swing Line Loan, at a rate per annum equal to the Base Rate from
      time to time in effect minus fifty (50) basis points, or, at the Company’s
      request, at another rate negotiated between the Company and the Swing Line
      Lender from time to time; 

     

    provided,
      at any
      time an Event of Default exists, if the Required Lenders so request, the
      interest rate applicable to each Loan shall be increased by 2% (and, in the
      case
      of Obligations not bearing interest, such Obligations shall bear interest at
      the
      Base Rate applicable to Revolving Loans plus 2%), provided further
      that
      such increase may thereafter be rescinded by the Required Lenders,
      notwithstanding Section
      15.1.
      Notwithstanding the foregoing, upon the occurrence of an Event of Default under
      Section
      13.1.1
      or
13.1.4,
      such
      increase shall occur automatically.

     

    4.2 Interest
      Payment Dates.
      Accrued
      interest on each Base Rate Loan shall be payable in arrears on the last day
      of
      each calendar month and at maturity. Accrued interest on each LIBOR Loan shall
      be payable on the last day of each Interest Period relating to such Loan (and,
      in the case of a LIBOR Loan with an Interest Period in excess of three months,
      on the three-month anniversary of the first day of such Interest Period), upon
      a
      prepayment of such Loan, and at maturity. After maturity, and at any time an
      Event of Default exists, accrued interest on all Loans shall be payable on
      demand.

     

    4.3 Setting
      and Notice of LIBOR Rates.
      The
      applicable LIBOR Rate for each Interest Period shall be determined by the
      Administrative Agent, and notice thereof shall be given by the Administrative
      Agent promptly to the Company and each Lender. Each determination of the
      applicable LIBOR Rate by the Administrative Agent shall be conclusive and
      binding upon the parties hereto, in the absence of demonstrable error. The
      Administrative Agent shall, upon written request of the Company or any Lender,
      deliver to the Company or such Lender a statement showing the computations
      used
      by the Administrative Agent in determining any applicable LIBOR Rate
      hereunder.

     

    4.4 Computation
      of Interest.
      Interest shall be computed for the actual number of days elapsed on the basis
      of
      a year of 360 days for LIBOR Loans, and on the basis of a year of 365/366 days
      for Base Rate Loans. The applicable interest rate for each Base Rate Loan shall
      change simultaneously with each change in the Base Rate.

     

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    SECTION
      5. FEES.

     

    5.1 Facility
      Fee.
      The
      Company agrees to pay to the Administrative Agent for the account of each Lender
      a facility fee, for the period from the Closing Date to the Termination Date,
      at
      the Facility Fee Rate in effect from time to time of such Lender’s Pro Rata
      Share (as adjusted from time to time) of the Revolving Commitment. Such facility
      fee shall be payable in arrears on the last day of each calendar quarter and
      on
      the Termination Date for any period then ending for which such facility fee
      shall not have previously been paid. The facility fee shall be computed for
      the
      actual number of days elapsed on the basis of a year of 360 days. Such facility
      fee shall not be refundable.

     

    5.2 Letter
      of Credit Fees.
      (a) The
      Company agrees to pay to the Administrative Agent for the account of each Lender
      a letter of credit fee for each Letter of Credit equal to the L/C Fee Rate
      in
      effect from time to time of such Lender’s Pro Rata Share (as adjusted from time
      to time) of the undrawn amount of such Letter of Credit (computed for the actual
      number of days elapsed on the basis of a year of 360 days); provided
      that,
      unless the Required Lenders otherwise consent, the rate applicable to each
      Letter of Credit shall be increased by 2% at any time that the Loans are bearing
      interest at the default rate described in Section 4.1 of this Agreement. Such
      letter of credit fee shall be payable in arrears on the last day of each
      calendar quarter and on the Termination Date (or such later date on which such
      Letter of Credit expires or is terminated) for the period from the date of
      the
      issuance of each Letter of Credit (or the last day on which the letter of credit
      fee was paid with respect thereto) to the date such payment is due or, if
      earlier, the date on which such Letter of Credit expired or was terminated.
      

     

    (b) In
      addition, with respect to each Letter of Credit, the Company agrees to pay
      to
      each Issuing Lender, for its own account, (i) such fees and expenses as the
      Issuing Lender customarily requires in connection with the issuance,
      negotiation, processing and/or administration of letters of credit in similar
      situations and (ii) a letter of credit fronting fee in the amount and at the
      times agreed to by the Company and such Issuing Lender.

     

    The
      fees
      set forth in this Section 5.2 shall not be refundable.

     

    5.3 Administrative
      Agent’s Fees.
      The
      Company agrees to pay to the Administrative Agent such agent’s fees as are
      mutually agreed to from time to time by the Company and the Administrative
      Agent
      including the fees set forth in the Agent Proposal Letter.

     

    SECTION
      6. REDUCTION
      OR TERMINATION OF THE REVOLVING COMMITMENT; PREPAYMENTS.

     

    6.1 Reduction
      or Termination of the Revolving Commitment. 

     

    6.1.1 Voluntary
      Reduction or Termination of the Revolving Commitment.
      The
      Company may from time to time on at least two Business Days’ prior written
      notice received by the Administrative Agent (which shall promptly advise each
      Lender thereof) permanently reduce the Revolving Commitment to an amount not
      less than the Revolving Outstandings plus the outstanding amount of all Swing
      Line Loans. Any such reduction shall be in an amount not less than $3,000,000
      or
      a higher integral multiple of $500,000. Concurrently with any reduction of
      the
      Revolving Commitment to zero, the Company shall pay all interest on the
      Revolving Loans, all facility fees and all letter of credit fees and shall
      Cash
      Collateralize in full all obligations arising with respect to the Letters of
      Credit.

     

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    6.1.2 All
      Reductions of the Revolving Commitment.
      All
      reductions of the Revolving Commitment shall reduce the Commitments ratably
      among the Lenders according to their respective Pro Rata Shares.

     

    6.2 Prepayments. 

     

    6.2.1 Voluntary
      Prepayments.
      The
      Company may from time to time prepay the Loans in whole or in part; provided
      that the Company shall give the Administrative Agent (which shall promptly
      advise each Lender) notice thereof not later than 11:00 A.M., Detroit time,
      on
      the day of such prepayment (which shall be a Business Day), specifying the
      Loans
      to be prepaid and the date and amount of prepayment. Any such partial prepayment
      shall be in an amount equal to $1,000,000 or a higher integral multiple of
      $500,000.

     

    6.2.2 Mandatory
      Prepayments.

     

    If
      on any
      day the Revolving Outstandings plus the outstanding amount of the aggregate
      Swing Line Loans exceeds the Revolving Commitment, the Company shall immediately
      prepay Revolving Loans and/or Cash Collateralize the outstanding Letters of
      Credit, or do a combination of the foregoing, in an amount sufficient to
      eliminate such excess. 

     

    6.3 Manner
      of Prepayments. 

     

    6.3.1 All
      Prepayments.
      Each
      voluntary partial prepayment shall be in a principal amount of $1,000,000 or
      a
      higher integral multiple of $500,000. Any partial prepayment of a Group of
      LIBOR
      Loans shall be subject to the proviso to Section
      2.2.3(a).
      Any
      prepayment of a LIBOR Loan on a day other than the last day of an Interest
      Period therefor shall include interest on the principal amount being repaid
      and
      shall be subject to Section
      8.4.
      Except
      as otherwise provided by this Agreement, all principal payments in respect
      of
      the Loans (other than the Swing Line Loans) shall be applied first, to repay
      outstanding Base Rate Loans and then to repay outstanding LIBOR Rate Loans
      in
      direct order of Interest Period maturities.

     

    6.4 Repayments.

     

    The
      Company shall repay the Revolving Loans of each Lender in full on the
      Termination Date and the Revolving Commitment shall terminate on the Termination
      Date.

     

    SECTION
      7. MAKING
      AND PRORATION OF PAYMENTS; SETOFF; TAXES.

     

    7.1 Making
      of Payments.
      All
      payments of principal or interest on the Notes, and of all fees, shall be made
      by the Company to the Administrative Agent in immediately available funds at
      the
      office specified by the Administrative Agent not later than 1:00 P.M., Detroit
      time, on the date due; and funds received after that hour shall be deemed to
      have been received by the Administrative Agent on the following Business Day.
      The Administrative Agent shall promptly remit to each Lender its share of all
      such payments received in collected funds by the Administrative Agent for the
      account of such Lender. All payments under Section 8.1 shall be made by the
      Company directly to the Lender entitled thereto without setoff, counterclaim
      or
      other defense.

     

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    7.2 Application
      of Certain Payments.
      So long
      as no Unmatured Event of Default or Event of Default has occurred and is
      continuing, (a) payments matching specific scheduled payments then due shall
      be
      applied to those scheduled payments and (b) voluntary and mandatory prepayments
      shall be applied as set forth in Sections
      6.2
      and
6.3.
      After
      the occurrence and during the continuance of an Event of Default, all amounts
      collected or received by the Administrative Agent or any Lender as proceeds
      from
      the sale of, or other realization upon, all or any part of the assets of the
      Affiliated Parties shall be applied as the Administrative Agent shall determine
      in its discretion. Concurrently with each remittance to any Lender of its share
      of any such payment, the Administrative Agent shall advise such Lender as to
      the
      application of such payment. 

     

    7.3 Due
      Date Extension.
      If any
      payment of principal or interest with respect to any of the Loans, or of any
      fees, falls due on a day which is not a Business Day, then such due date shall
      be extended to the immediately following Business Day and, in the case of
      principal, additional interest shall accrue and be payable for the period of
      any
      such extension.

     

    7.4 Setoff.
      The
      Company agrees that the Administrative Agent and each Lender have all rights
      of
      set-off and bankers’ lien provided by applicable law, and in addition thereto,
      the Company agrees that at any time any Event of Default exists, the
      Administrative Agent and each Lender may apply to the payment of any Obligations
      of the Company hereunder, whether or not then due, any and all balances,
      credits, deposits, accounts or moneys of the Company then or thereafter with
      the
      Administrative Agent or such Lender.

     

    7.5 Proration
      of Payments.
      If any
      Lender shall obtain any payment or other recovery (whether voluntary,
      involuntary, by application of offset or otherwise, on account of (a) principal
      of or interest on any Loan, but excluding (i) any payment pursuant to
Section
      8.7
      or
15.6
      and (ii)
      payments of interest on any Affected Loan) or (b) its participation in any
      Letter of Credit) in excess of its applicable Pro Rata Share of payments and
      other recoveries obtained by all Lenders on account of principal of and interest
      on the Loans (or such participation) then held by them, then such Lender shall
      purchase from the other Lenders such participations in the Loans (or
      sub-participations in Letters of Credit) held by them as shall be necessary
      to
      cause such purchasing Lender to share the excess payment or other recovery
      ratably with each of them; provided
      that if
      all or any portion of the excess payment or other recovery is thereafter
      recovered from such purchasing Lender, the purchase shall be rescinded and
      the
      purchase price restored to the extent of such recovery.

     

    7.6 Taxes. 

     

    (a) All
      payments made by the Company hereunder or under any Loan Documents shall be
      made
      without setoff, counterclaim, or other defense. To the extent permitted by
      applicable law, all payments hereunder or under the Loan Documents (including
      any payment of principal, interest, or fees) to, or for the benefit, of any
      Person shall be made by the Company free and clear of and without deduction
      or
      withholding for, or account of, any Taxes now or hereinafter imposed by any
      taxing authority.

     

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    (b) If
      the
      Company makes any payment hereunder or under any Loan Document in respect of
      which it is required by applicable law to deduct or withhold any Taxes, the
      Company shall increase the payment hereunder or under any such Loan Document
      such that after the reduction for the amount of Taxes withheld (and any taxes
      withheld or imposed with respect to the additional payments required under
      this
Section
      7.6(b)),
      the
      amount paid to the Lenders or the Administrative Agent equals the amount that
      was payable hereunder or under any such Loan Document without regard to this
      Section
      7.6(b).
      To the
      extent the Company withholds any Taxes on payments hereunder or under any Loan
      Document, the Company shall pay the full amount deducted to the relevant taxing
      authority within the time allowed for payment under applicable law and shall
      deliver to the Administrative Agent within 30 days after it has made payment
      to
      such authority a receipt issued by such authority (or other evidence
      satisfactory to the Administrative Agent) evidencing the payment of all amounts
      so required to be deducted or withheld from such payment. 

     

    (c) If
      any
      Lender or the Administrative Agent is required by law to make any payments
      of
      any Taxes on or in relation to any amounts received or receivable hereunder
      or
      under any other Loan Document, or any Tax is assessed against a Lender or the
      Administrative Agent with respect to amounts received or receivable hereunder
      or
      under any other Loan Document, the Company will indemnify such Person against
      (i) such Tax (and any reasonable counsel fees and expenses associated with
      such
      Tax) and (ii) any taxes imposed as a result of the receipt of the payment under
      this Section
      7.6(c).
      A
      certificate prepared in good faith as to the amount of such payment by such
      Lender or the Administrative Agent shall, absent manifest error, be final,
      conclusive, and binding on all parties.

     

    (d) (i) Each
      Lender that is not a United States person within the meaning of Code section
      7701(a)(30) (a “Non-U.S.
      Participant”)
      shall,
      as a condition precedent to becoming a Lender hereunder, deliver to the Company
      and the Administrative Agent on or prior to the Closing Date (or in the case
      of
      a Lender that is an Assignee, on the date of such assignment to such Lender)
      two
      accurate and complete original signed copies of IRS Form W-8BEN, W-8ECI, or
      W-8IMY (or any successor or other applicable form prescribed by the IRS)
      certifying to such Lender’s entitlement to a complete exemption from, or a
      reduced rate in, United States withholding tax on interest payments to be made
      hereunder or any Loan. If a Lender that is a Non-U.S. Participant is claiming
      a
      complete exemption from withholding on interest pursuant to Sections 871(h)
      or
      881(c) of the Code, the Lender shall deliver (along with two accurate and
      complete original signed copies of IRS Form W-8BEN) a certificate in form and
      substance reasonably acceptable to Administrative Agent (any such certificate,
      a
“Withholding
      Certificate”).
      In
      addition, each Lender that is a Non-U.S. Participant agrees that from time
      to
      time after the Closing Date, (or in the case of a Lender that is an Assignee,
      after the date of the assignment to such Lender), when a lapse in time (or
      change in circumstances occurs) renders the prior certificates hereunder
      obsolete or inaccurate in any material respect, such Lender shall, to the extent
      permitted under applicable law, deliver to the Company and the Administrative
      Agent two new and accurate and complete original signed copies of an IRS Form
      W-8BEN, W-8ECI, or W-8IMY (or any successor or other applicable forms prescribed
      by the IRS), and if applicable, a new Withholding Certificate, to confirm or
      establish the entitlement of such Lender or the Administrative Agent to an
      exemption from, or reduction in, United States withholding tax on interest
      payments to be made hereunder or any Loan.

     

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              (ii)

            	
              Each
                Lender that is not a Non-U.S. Participant (other than any such Lender
                which is taxed as a corporation for U.S. federal income tax purposes)
                shall provide two properly completed and duly executed copies of
                IRS Form
                W-9 (or any successor or other applicable form) to the Company and
                the
                Administrative Agent certifying that such Lender is exempt from United
                States backup withholding tax. To the extent that a form provided
                pursuant
                to this Section
                7.6(d)(ii)
                is
                rendered obsolete or inaccurate in any material respect as result
                of a
                change in circumstances with respect to the status of a Lender, such
                Lender shall, to the extent permitted by applicable law, deliver
                to the
                Company and the Administrative Agent revised forms necessary to confirm
                or
                establish the entitlement to such Lender’s or Agent’s exemption from
                United States backup withholding
                tax.

            

    

     

    
      	 	
              (iii)

            	
              The
                Company shall not be required to pay additional amounts to a Lender,
                or
                indemnify any Lender, under this Section
                7.6
                to
                the extent that such obligations would not have arisen but for the
                failure
                of such Lender to comply with Section
                7.6(d)
                or
                any Taxes applicable to a Lender on the date that such Lender became
                a
                Lender hereunder.

            

    

     

    
      	 	
              (iv)

            	
              Each
                Lender agrees to indemnify the Administrative Agent and hold the
                Administrative Agent harmless for the full amount of any and all
                present
                or future Taxes and related liabilities (including penalties, interest,
                additions to tax and expenses, and any Taxes imposed by any jurisdiction
                on amounts payable to the Administrative Agent under this Section
                7.6)
                which are imposed on or with respect to principal, interest or fees
                payable to such Lender hereunder and which are not paid by the Company
                pursuant to this Section
                7.6,
                whether or not such Taxes or related liabilities were correctly or
                legally
                asserted. This indemnification shall be made within 30 days from
                the date
                the Administrative Agent makes written demand
                therefor.

            

    

     

    SECTION
      8. INCREASED
      COSTS; SPECIAL PROVISIONS FOR LIBOR LOANS.

     

    8.1 Increased
      Costs.
      (a) If,
      after the date hereof, the adoption of, or any change in, any applicable law,
      rule or regulation, or any change in the interpretation or administration of
      any
      applicable law, rule or regulation by any governmental authority, central bank
      or comparable agency charged with the interpretation or administration thereof,
      or compliance by any Lender with any request or directive (whether or not having
      the force of law) of any such authority, central bank or comparable agency:
      (i)
      shall impose, modify or deem applicable any reserve (including any reserve
      imposed by the FRB, but excluding any reserve included in the determination
      of
      the LIBOR Rate pursuant to Section
      4),
      special deposit or similar requirement against assets of, deposits with or
      for
      the account of, or credit extended by any Lender; or (ii) shall impose on any
      Lender any other condition affecting its LIBOR Loans, its Note or its obligation
      to make LIBOR Loans; and the result of anything described in clauses (i) and
      (ii) above is to increase the cost to (or to impose a cost on) such Lender
      (or
      any LIBOR Office of such Lender) of making or maintaining any LIBOR Loan, or
      to
      reduce the amount of any sum received or receivable by such Lender (or its
      LIBOR
      Office) under this Agreement or under its Note with respect thereto, then upon
      demand by such Lender (which demand shall be accompanied by a statement setting
      forth the basis for such demand and a calculation of the amount thereof in
      reasonable detail, a copy of which shall be furnished to the Administrative
      Agent), the Company shall pay directly to such Lender such additional amount
      as
      will compensate such Lender for such increased cost or such reduction, so long
      as such amounts have accrued on or after the day which is 100 days prior to
      the
      date on which such Lender first made demand therefor.

     

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    (b) If
      any
      Lender shall reasonably determine that any change in, or the adoption or
      phase-in of, any applicable law, rule or regulation regarding capital adequacy,
      or any change in the interpretation or administration thereof by any
      governmental authority, central bank or comparable agency charged with the
      interpretation or administration thereof, or the compliance by any Lender or
      any
      Person controlling such Lender with any request or directive regarding capital
      adequacy (whether or not having the force of law) of any such authority, central
      bank or comparable agency, has or would have the effect of reducing the rate
      of
      return on such Lender’s or such controlling Person’s capital as a consequence of
      such Lender’s obligations hereunder or under any Letter of Credit to a level
      below that which such Lender or such controlling Person could have achieved
      but
      for such change, adoption, phase-in or compliance (taking into consideration
      such Lender’s or such controlling Person’s policies with respect to capital
      adequacy) by an amount deemed by such Lender or such controlling Person to
      be
      material, then from time to time, upon demand by such Lender (which demand
      shall
      be accompanied by a statement setting forth the basis for such demand and a
      calculation of the amount thereof in reasonable detail, a copy of which shall
      be
      furnished to the Administrative Agent), the Company shall pay to such Lender
      such additional amount as will compensate such Lender or such controlling Person
      for such reduction so long as such amounts have accrued on or after the day
      which is 100 days prior to the date on which such Lender first made demand
      therefor. 

     

    8.2 Basis
      for Determining Interest Rate Inadequate or Unfair.
      If

     

    (a) the
      Administrative Agent reasonably determines (which determination shall be binding
      and conclusive on the Company) that by reason of circumstances affecting the
      interbank LIBOR market adequate and reasonable means do not exist for
      ascertaining the applicable LIBOR Rate; or

     

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    (b) the
      Required Lenders advise the Administrative Agent that the LIBOR Rate as
      determined by the Administrative Agent will not adequately and fairly reflect
      the cost to such Lenders of maintaining or funding LIBOR Loans for such Interest
      Period (taking into account any amount to which such Lenders may be entitled
      under Section
      8.1)
      or that
      the making or funding of LIBOR Loans has become impracticable as a result of
      an
      event occurring after the date of this Agreement which in the opinion of such
      Lenders materially affects such Loans;

     

    then
      the
      Administrative Agent shall promptly notify the other parties thereof and, so
      long as such circumstances shall continue, (i) no Lender shall be under any
      obligation to make LIBOR Loans or convert any Base Rate Loans into LIBOR Loans
      and (ii) on the last day of the current Interest Period for each LIBOR Loan,
      such Loan shall, unless then repaid in full, automatically convert to a Base
      Rate Loan.

     

    8.3 Changes
      in Law Rendering LIBOR Loans Unlawful.
      If any
      change in, or the adoption of any new, law or regulation, or any change in
      the
      interpretation of any applicable law or regulation by any governmental or other
      regulatory body charged with the administration thereof, should make it (or
      in
      the good faith judgment of any Lender cause a substantial question as to whether
      it is) unlawful for any Lender to make, maintain or fund LIBOR Loans, then
      such
      Lender shall promptly notify each of the other parties hereto and, so long
      as
      such circumstances shall continue, (a) such Lender shall have no obligation
      to
      make LIBOR Loans or convert any Base Rate Loan into a LIBOR Loan (but shall
      make
      Base Rate Loans concurrently with the making of or conversion of Base Rate
      Loans
      into LIBOR Loans by the Lenders which are not so affected, in each case in
      an
      amount equal to the amount of LIBOR Loans which would be made or converted
      into
      by such Lender at such time in the absence of such circumstances) and (b) on
      the
      last day of the current Interest Period for each LIBOR Loan of such Lender
      (or,
      in any event, on such earlier date as may be required by the relevant law,
      regulation or interpretation), such LIBOR Loan shall, unless then repaid in
      full, automatically convert to a Base Rate Loan. Each Base Rate Loan made by
      a
      Lender which, but for the circumstances described in the foregoing sentence,
      would be a LIBOR Loan (an “Affected
      Loan”)
      shall
      remain outstanding for the period corresponding to the Group of LIBOR Loans
      of
      which such Affected Loan would be a part absent such circumstances.

     

    8.4 Funding
      Losses.
      The
      Company hereby agrees that upon demand by any Lender (which demand shall be
      accompanied by a statement setting forth the basis for the amount being claimed,
      a copy of which shall be furnished to the Administrative Agent), the Company
      will indemnify such Lender against any net loss or expense which such Lender
      may
      sustain or incur (including any net loss or expense incurred by reason of the
      liquidation or reemployment of deposits or other funds acquired by such Lender
      to fund or maintain any LIBOR Loan but excluding the loss of the Applicable
      Margin), as reasonably determined by such Lender, as a result of (a) any
      payment, prepayment or conversion of any LIBOR Loan of such Lender on a date
      other than the last day of an Interest Period for such Loan (including any
      conversion pursuant to Section
      8.3)
      or (b)
      any failure of the Company to borrow, convert or continue any LIBOR Loan on
      a
      date specified therefor in a notice of borrowing, conversion or continuation
      pursuant to this Agreement. For this purpose, all notices to the Administrative
      Agent pursuant to this Agreement shall be deemed to be irrevocable.

     

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    8.5 Right
      of Lenders to Fund through Other Offices.
      Each
      Lender may, if it so elects, fulfill its commitment as to any LIBOR Loan by
      causing a foreign branch or Affiliate of such Lender to make such Loan;
provided
      that in
      such event for the purposes of this Agreement such Loan shall be deemed to
      have
      been made by such Lender and the obligation of the Company to repay such Loan
      shall nevertheless be to such Lender and shall be deemed held by it, to the
      extent of such Loan, for the account of such branch or Affiliate.

     

    8.6 Discretion
      of Lenders as to Manner of Funding.
      Notwithstanding any provision of this Agreement to the contrary, each Lender
      shall be entitled to fund and maintain its funding of all or any part of its
      Loans in any manner it sees fit, it being understood, however, that for the
      purposes of this Agreement all determinations hereunder shall be made as if
      such
      Lender had actually funded and maintained each LIBOR Loan during each Interest
      Period for such Loan through the purchase of deposits having a maturity
      corresponding to such Interest Period and bearing an interest rate equal to
      the
      LIBOR Rate for such Interest Period.

     

    8.7 Mitigation
      of Circumstances; Replacement of Lenders.
      (a)
      Each Lender shall promptly notify the Company and the Administrative Agent
      of
      any event of which it has knowledge which will result in, and will use
      reasonable commercial efforts available to it (and not, in such Lender’s sole
      judgment, otherwise materially disadvantageous to such Lender) to mitigate
      or
      avoid, (i) any obligation by the Company to pay any amount pursuant to
Section
      7.6
      or
8.1
      or (ii)
      the occurrence of any circumstances described in Section
      8.2
      or
8.3
      (and, if
      any Lender has given notice of any such event described in clause (i) or (ii)
      above and thereafter such event ceases to exist, such Lender shall promptly
      so
      notify the Company and the Administrative Agent). Without limiting the
      foregoing, each Lender will designate a different funding office if such
      designation will avoid (or reduce the cost to the Company of) any event
      described in clause (i) or (ii) above and such designation will not, in such
      Lender’s sole judgment, be otherwise materially disadvantageous to such
      Lender.

     

    (b) If
      the
      Company becomes obligated to pay additional amounts to any Lender pursuant
      to
      Section 7.6 or 8.1, or any Lender gives notice of the occurrence of any
      circumstances described in Section 8.2 or 8.3, the Company may designate another
      lender which is reasonably acceptable to the Administrative Agent in its
      reasonable discretion (such other bank being called a “Replacement
      Lender”)
      to
      purchase the Loans of such Lender and such Lender’s rights hereunder, without
      recourse to or warranty (except as set forth in the applicable Assignment
      Agreement) by, or expense to, such Lender, for a purchase price equal to the
      outstanding principal amount of the Loans payable to such Lender plus any
      accrued but unpaid interest on such Loans and all accrued but unpaid fees owed
      to such Lender and any other amounts payable to such Lender under this
      Agreement, and to assume all the obligations of such Lender hereunder, and,
      upon
      such purchase and assumption (pursuant to an Assignment Agreement), such Lender
      shall no longer be a party hereto or have any rights hereunder (other than
      rights with respect to indemnities and similar rights applicable to such Lender
      prior to the date of such purchase and assumption) and shall be relieved from
      all obligations to the Company hereunder, and the Replacement Lender shall
      succeed to the rights and obligations of such Lender hereunder.

     

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    8.8 Conclusiveness
      of Statements; Survival of Provisions.
      Determinations and statements of any Lender pursuant to Section
      8.1,
      8.2,
      8.3
      or
8.4
      shall be
      conclusive absent demonstrable error. Lenders may use reasonable averaging
      and
      attribution methods in determining compensation under Sections
      8.1
      and
8.4,
      and the
      provisions of such Sections shall survive repayment of the Obligations,
      cancellation of any Notes, expiration or termination of the Letters of Credit
      and termination of this Agreement.

     

    SECTION
      9. REPRESENTATIONS
      AND WARRANTIES.

     

    To
      induce
      the Administrative Agent and the Lenders to enter into this Agreement and to
      induce the Lenders to make Loans and issue and participate in Letters of Credit
      hereunder, the Company represents and warrants to the Administrative Agent
      and
      the Lenders that:

     

    9.1 Organization.
      Each
      Affiliated Party is validly existing and in good standing under the laws of
      its
      jurisdiction of organization; and each Affiliated Party is duly qualified to
      do
      business in each jurisdiction where, because of the nature of its activities
      or
      properties, such qualification is required, except for such jurisdictions where
      the failure to so qualify would not reasonably be expected to have a Material
      Adverse Effect.

     

    9.2 Authorization;
      No Conflict.
      Each
      Affiliated Party is duly authorized to execute and deliver each Loan Document
      to
      which it is a party, the Company is duly authorized to borrow monies hereunder
      and each Affiliated Party is duly authorized to perform its Obligations under
      each Loan Document to which it is a party. The execution, delivery and
      performance by each Affiliated Party of each Loan Document to which it is a
      party, and the borrowings by the Company hereunder, do not and will not (a)
      require any consent or approval of any governmental agency or authority (other
      than any consent or approval which has been obtained and is in full force and
      effect), (b) conflict with (i) any provision of law the violation of which
      would
      reasonably be expected to have a Material Adverse Effect (ii) the charter,
      by-laws or other organizational documents of any Affiliated Party or (iii)
      any
      agreement, indenture, instrument or other document, or any judgment, order
      or
      decree, which is binding upon any Affiliated Party or any of their respective
      properties the violation of which would reasonably be expected to have a
      Material Adverse Effect or (c) require, or result in, the creation or imposition
      of any Lien on any asset of any Affiliated Party.

     

    9.3 Validity
      and Binding Nature.
      Each of
      this Agreement and each other Loan Document to which any Affiliated Party is
      a
      party is the legal, valid and binding obligation of such Person, enforceable
      against such Person in accordance with its terms, subject to bankruptcy,
      insolvency and similar laws affecting the enforceability of creditors’ rights
      generally and to general principles of equity.

     

    9.4 Financial
      Condition.
      The
      audited consolidated financial statements of the Company and its Subsidiaries
      as
      at December 31, 2004 and the unaudited consolidated financial statements of
      the
      Company and its Subsidiaries as at June 30, 2005, copies of each of which have
      been delivered to each Lender, were prepared in accordance with GAAP (subject,
      in the case of such unaudited statements, to the absence of footnotes and to
      normal year-end adjustments) and present fairly the consolidated financial
      condition of the Company and its Subsidiaries as at such dates and the results
      of their operations for the periods then ended.

     

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    9.5 No
      Material Adverse Change.
      Since
      December 31, 2004, there has been no material adverse change in the financial
      condition, operations, assets, business, or properties of the Affiliated Parties
      taken as a whole.

     

    9.6 Litigation.
      No
      litigation (including derivative actions), arbitration proceeding or
      governmental investigation or proceeding is pending or, to the Company’s
      knowledge, threatened against any Affiliated Party which would reasonably be
      expected to have a Material Adverse Effect, except as set forth in Schedule
      9.6.

     

    9.7 Ownership
      of Properties; Liens.
      Each
      Affiliated Party owns, to the extent needed for operation of its business,
      good
      and, in the case of real property, marketable title to all of its properties
      and
      assets, real and personal, tangible and intangible, of any nature whatsoever
      (including patents, trademarks, trade names, service marks and copyrights),
      free
      and clear of all Liens except as permitted by Section
      11.2.

     

    9.8 [Intentionally
      Omitted]

     

    9.9 Pension
      Plans
      (a)
      During the twelve-consecutive-month period prior to the date of the execution
      and delivery of this Agreement or the making of any Loan or the issuance of
      any
      Letter of Credit, (i) no steps have been taken to terminate any Pension Plan
      and
      (ii) no contribution failure has occurred with respect to any Pension Plan
      sufficient to give rise to a Lien under Section 302(f) of ERISA. No condition
      exists or event or transaction has occurred with respect to any Pension Plan
      which could result in the incurrence by the Company of any material liability,
      fine or penalty.

     

    (b) (i)
      All
      contributions (if any) have been made to any Multiemployer Pension Plan that
      are
      required to be made by the Company or any other member of the Controlled Group
      under the terms of the plan or of any collective bargaining agreement or by
      applicable law; (ii) other than withdrawal from and withdrawal liabilities
      under
      the Teamsters Central States Pension Fund, which would not reasonably be
      expected to have a Material Adverse Effect, neither the Company nor any member
      of the Controlled Group has withdrawn or partially withdrawn from any
      Multiemployer Pension Plan, incurred any withdrawal liability with respect
      to
      any such plan or received notice of any claim or demand for withdrawal liability
      or partial withdrawal liability from any such plan, and no condition has
      occurred which, if continued, might result in a withdrawal or partial withdrawal
      from any such plan; and (iii) neither the Company nor any member of the
      Controlled Group has received any notice that any Multiemployer Pension Plan
      is
      in reorganization, that increased contributions may be required to avoid a
      reduction in plan benefits or the imposition of any excise tax, that any such
      plan is or has been funded at a rate less than that required under Section
      412
      of the Code, that any such plan is or may be terminated, or that any such plan
      (other than the Teamsters Central States Pension Fund) is or may become
      insolvent.

     

    9.10 Investment
      Company Act.
      No
      Affiliated Party is an “investment company” or a company “controlled” by an
“investment company” or a “subsidiary” of an “investment company,” within the
      meaning of the Investment Company Act of 1940.

     

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    9.11 Public
      Utility Holding Company Act.
      No
      Affiliated Party 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.

     

    9.12 Regulation
      U.
      No
      Affiliated Party engaged principally, or as one of its important activities,
      in
      the business of extending credit for the purpose of purchasing or carrying
      Margin Stock.

     

    9.13 Taxes;
      Tax Shelter Registration.

     

    (a) Each
      Affiliated Party has timely filed all tax returns and reports required by law
      to
      have been filed by it and has paid all taxes and governmental charges due and
      payable with respect to such return, except any such taxes or charges which
      are
      being diligently contested in good faith by appropriate proceedings and for
      which adequate reserves in accordance with GAAP shall have been set aside on
      its
      books. The Affiliated Parties have made adequate reserves on their books and
      records in accordance with GAAP for all taxes that have accrued but which are
      not yet due and payable. No Affiliated Party has participated in any transaction
      that relates to a year of the taxpayer (which is still open under the applicable
      statute of limitations) which is a “reportable transaction” within the meaning
      of Treasury Regulation section 1.6011-4(b)(2) (irrespective of the date when
      the
      transaction was entered into).

     

    (b) No
      Affiliated Party intends to treat any of the transactions contemplated by any
      Loan Document as being a “reportable transaction” within the meaning of Treasury
      Regulation Section 1.6011-4.

     

    9.14 Solvency,
      etc.
      On the
      Closing Date, and immediately prior to and after giving effect to the issuance
      of each Letter of Credit and each borrowing hereunder and the use of the
      proceeds thereof, with respect to each Credit Party, individually, (a) the
      fair
      value of its assets is greater than the amount of its liabilities (including
      disputed, contingent and unliquidated liabilities) as such value is established
      and liabilities evaluated, (b) the present fair saleable value of its assets
      is
      not less than the amount that will be required to pay the probable liability
      on
      its debts as they become absolute and matured, (c) it is able to realize upon
      its assets and pay its debts and other liabilities (including disputed,
      contingent and unliquidated liabilities) as they mature in the normal course
      of
      business, (d) it does not intend to, and does not believe that it will, incur
      debts or liabilities beyond its ability to pay as such debts and liabilities
      mature and (e) it is not engaged in business or a transaction, and is not about
      to engage in business or a transaction, for which its property would constitute
      unreasonably small capital.

     

    9.15 Environmental
      Matters.
      No
      Violations.
      Except
      as set forth on Schedule
      9.15,
      neither
      the Company nor any Subsidiary, nor any operator of the Company’s or any
      Subsidiary’s properties, is in violation, or alleged violation, of any judgment,
      decree, order, law, permit, license, rule or regulation pertaining to
      Environmental Matters, including those arising under the Resource Conservation
      and Recovery Act (“RCRA”),
      the
      Comprehensive Environmental Response, Compensation and Liability Act of 1980,
      as
      amended (“CERCLA”)
      or any
      of the Environmental Law which individually or in the aggregate otherwise would
      reasonably be expected to have a Material Adverse Effect.

     

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    b) Notices.
      Except
      as set forth on Schedule
      9.15
      and for
      matters arising after the Closing Date, in each case none of which would singly
      or in the aggregate be expected to have a Material Adverse Effect, neither
      the
      Company nor any Subsidiary has received notice from any Federal, state or local
      governmental authority: (i) that any one of them has been identified by the
      U.S.
      Environmental Protection Agency as a potentially responsible party under CERCLA
      with respect to a site listed on the National Priorities List, 40 C.F.R. Part
      300 Appendix B; (ii) that any Hazardous Substances which any one of them has
      generated, transported or disposed of has been found at any site at which a
      Federal, state or local agency or other third party has conducted a remedial
      investigation, removal or other response action pursuant to any Environmental
      Law; (iii) that the Company or any Subsidiary must conduct a remedial
      investigation, removal, response action or other activity pursuant to any
      Environmental Law; or (iv) of any Environmental Claim, in each case that would
      reasonably be expected to result in a liability to the Company that would
      reasonably be expected to have a Material Adverse Effect.

     

    (c) Handling
      of Hazardous Substances.
      Except
      as set forth on Schedule
      9.15
      as of
      the Closing Date, (i) no portion of the real property or other assets of the
      Company or any Subsidiary has been used by the Company or any Subsidiary or,
      to
      the best knowledge of the Company, by any third party for the handling,
      processing, storage or disposal of Hazardous Substances except in accordance
      in
      all material respects with applicable Environmental Laws; and no underground
      tank or other underground storage receptacle for Hazardous Substances is located
      on such properties; (ii) in the course of any activities conducted by the
      Company, any Subsidiary or the operators of any real property of the Company
      or
      any Subsidiary, no Hazardous Substances have been generated or are being used
      on
      such properties except in accordance in all material respects with applicable
      Environmental Laws; (iii) there have been no Releases or, to best knowledge
      of
      the Company, threatened Releases of Hazardous Substances, upon, into or from
      any
      real property or other assets of the Company or any Subsidiary, which Releases
      singly or in the aggregate would reasonably be expected to have a material
      adverse effect on the value of such real property or assets (provided that
      with
      respect to any Releases or threatened Releases which occurred prior to the
      ownership, occupancy or use of such property or assets, as applicable, by the
      Company or any Subsidiary, such representation is given to the best knowledge
      of
      the Company); (iv) there have been no Releases to the best knowledge of the
      Company on, upon, from or into any real property in the vicinity of the real
      property or other assets of the Company or any Subsidiary which, through soil
      or
      groundwater contamination, may have come to be located on, and which would
      reasonably be expected to have a Material Adverse Effect; and (v) any Hazardous
      Substances generated by the Company and its Subsidiaries have been transported
      offsite only by properly licensed carriers and delivered only to treatment
      or
      disposal facilities maintaining valid permits as required under applicable
      Environmental Laws, which transporters and facilities to the best knowledge
      of
      the Company have been and are operating in compliance in all material respects
      with such permits and applicable Environmental Laws.

     

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    9.16 Insurance.
      Set
      forth on Schedule
      9.16
      is a
      complete and accurate summary of the property and casualty insurance program
      of
      the Affiliated Parties as of the Closing Date (including the names of all
      insurers, policy numbers, expiration dates, amounts and types of coverage,
      annual premiums, exclusions, deductibles, self-insured retention, and a
      description in reasonable detail of any self-insurance program, retrospective
      rating plan, fronting arrangement or other risk assumption arrangement involving
      any Affiliated Party). Each Affiliated Party and its properties are insured
      with
      financially sound and reputable insurance companies which are not Affiliates
      of
      the Affiliated Parties, in such amounts, with such deductibles and covering
      such
      risks as are customarily carried by companies engaged in similar businesses
      and
      owning similar properties in localities where such Affiliated Parties operate.
      

     

    9.17 Intentionally
      Omitted.

     

    9.18 Information.
      (a) The
      Company’s annual report on Form 10-K for the fiscal year ended at December 31,
      2004 and the Company’s quarterly report on Form 10-Q for the fiscal quarter
      ended on June 30, 2005, copies of which have been furnished by the Company
      to
      the Administrative Agent and the Lenders, did not, as of the respective dates
      such Form 10-K and Form 10-Q were filed with the Securities and Exchange
      Commission, contain any untrue statement of a material fact or omit to state
      a
      material fact necessary to make the statements therein, in light of the
      circumstances under which they were made, not misleading (b) from the date
      of
      filing of the Company’s quarterly report on Form 10-Q for the fiscal quarter
      ended on June 30, 2005 through the date hereof, the Company has not filed a
      current report on Form 8-K with the Securities and Exchange Commission and,
      as
      of the date hereof, no event or condition exists which would require such filing
      by the Company pursuant to the Securities Exchange Act of 1934, as amended,
      except for any such event or condition which has heretofore been disclosed
      in
      writing to the Lenders by delivery to the Lenders of a Form 8-K prior to or
      contemporaneously with the filing thereof, and (c) any projections, forecasts
      or
      other information heretofore or contemporaneously herewith furnished in writing
      by any Affiliated Party to the Administrative Agent or any Lender pursuant
      hereto or in connection herewith are based on good faith estimates and
      assumptions believed by the Affiliated Parties to be reasonable as of the date
      of the applicable projections or assumptions or shall otherwise have been
      prepared in good faith by the Affiliated Parties.

     

    9.19 Intellectual
      Property.
      Each
      Affiliated Party owns and possesses or has a license or other right to use
      all
      patents, patent rights, trademarks, trademark rights, trade names, trade name
      rights, service marks, service mark rights and copyrights as are necessary
      for
      the conduct of the businesses of the Affiliated Parties, without any
      infringement upon rights of others which would reasonably be expected to have
      a
      Material Adverse Effect.

     

    9.20 Intentionally
      Omitted

     

    9.21 Labor
      Matters.
      Except
      as set forth on Schedule
      9.21,
      as of
      the Closing Date, no Affiliated Party is subject to any labor or collective
      bargaining agreement. There are no existing or threatened strikes, lockouts
      or
      other labor disputes involving any Affiliated Party that singly or in the
      aggregate would reasonably be expected to have a Material Adverse Effect.

     

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    9.22 No
      Default.
      No
      Event of Default or Unmatured Event of Default exists or would result from
      the
      incurrence by any Affiliated Party of any Debt hereunder or under any other
      Loan
      Document.

     

    9.23 Compliance
      With Laws.
      The
      nature and transaction of the Company’s business and operations and the use of
      its properties and assets do not and during the term of the Loans shall not,
      violate or conflict with any applicable law, statute, ordinance, rule,
      regulation or order of any kind or nature, including, without limitation, the
      provisions of the Fair Labor Standards Act or any zoning, land use, building,
      noise abatement, occupational health and safety or other laws, any building
      permit or any condition, grant, easement, covenant, condition or restriction,
      whether recorded or not except such as would not reasonably be expected to
      have
      a Material Adverse Effect.

     

    SECTION
      10. AFFIRMATIVE
      COVENANTS.

     

    Until
      the
      expiration or termination of the Commitments and thereafter until all
      Obligations hereunder and under the other Loan Documents are paid in full and
      all Letters of Credit have been terminated, the Company agrees that, unless
      at
      any time the Required Lenders shall otherwise expressly consent in writing,
      it
      will:

     

    10.1 Reports,
      Certificates and Other Information.
      Furnish
      or make available to the Administrative Agent and each Lender:

     

    10.1.1 Annual
      Report.
      Promptly when available and in any event within 105 days after the close of
      each
      Fiscal Year: a copy of the annual audit report of the Company and its
      Subsidiaries for such Fiscal Year, including therein consolidated balance sheets
      and statements of earnings and cash flows of the Company and its Subsidiaries
      as
      at the end of such Fiscal Year, certified without adverse reference to going
      concern value and without qualification by independent auditors of recognized
      standing selected by the Company and reasonably acceptable to the Administrative
      Agent, together with a written statement from such accountants to the effect
      that in making the examination necessary for the signing of such annual audit
      report by such accountants, nothing came to their attention that caused them
      to
      believe that the Company was not in compliance with any provision of
Sections
      11.1,
      11.3,
      11.4
      or
11.14
      of this
      Agreement insofar as such provision relates to accounting matters or, if
      something has come to their attention that caused them to believe that the
      Company was not in compliance with any such provision, describing such
      non-compliance in reasonable detail.

     

    10.1.2 Interim
      Reports.
      Promptly when available and in any event within 60 days after the end of each
      Fiscal Quarter (except the last Fiscal Quarter of each Fiscal Year),
      consolidated (and consolidating, upon the request of the Administrative Agent)
      balance sheets of the Company and its Subsidiaries as of the end of such Fiscal
      Quarter, together with consolidated statements of earnings and cash flows for
      such Fiscal Quarter and for the period beginning with the first day of such
      Fiscal Year and ending on the last day of such Fiscal Quarter. 

     

    10.1.3 Compliance
      Certificates.
      Contemporaneously with the furnishing of a copy of each annual audit report
      pursuant to Section
      10.1.1
      and each
      set of quarterly statements pursuant to Section
      10.1.2,
      a duly
      completed compliance certificate in the form of Exhibit
      B,
      with
      appropriate insertions, dated the date of such annual report or such quarterly
      statements and signed by a Senior Officer of the Company, containing (i) a
      computation of each of the financial ratios and restrictions set forth in
Section
      11.14
      and to
      the effect that such officer has not become aware of any Event of Default or
      Unmatured Event of Default that has occurred and is continuing or, if there
      is
      any such event, describing it and the steps, if any, being taken to cure it
      and
      (ii) a written statement as to whether a Guaranty Event has
      occurred.

     

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    10.1.4 Reports
      to the SEC and to Shareholders; Regulatory Bodies.
      (a)
      Promptly upon the filing or sending thereof, copies of all regular, periodic
      or
      special reports of any Affiliated Party filed with the SEC; copies of all
      registration statements of any Affiliated Party filed with the SEC (other than
      on Form S-8); and copies of all proxy statements or other communications made
      to
      security holders generally; and

     

    (b) Promptly
      upon request of the Administrative Agent, copies of all regular, periodic or
      special reports of the Company or any Subsidiary filed with any Regulatory
      Bodies, and copies of all rate or similar applications of the Company or any
      Subsidiary filed with any Regulatory Bodies.

     

    10.1.5 Notice
      of Default, Litigation and ERISA Matters.
      Promptly upon becoming aware of any of the following, written notice describing
      the same and the steps being taken by the Company or the Subsidiary affected
      thereby with respect thereto:

     

    (a) the
      occurrence of an Event of Default or an Unmatured Event of Default;

     

    (b) any
      litigation, arbitration or governmental investigation or proceeding not
      previously disclosed by the Company to the Lenders which has been instituted
      or,
      to the knowledge of the Company, is threatened against any Affiliated Party
      or
      to which any of the properties of any thereof is subject which would reasonably
      be expected to have a Material Adverse Effect;

     

    (c) the
      institution of any steps by any member of the Controlled Group or any other
      Person to terminate any Pension Plan, or the failure of any member of the
      Controlled Group to make a required contribution to any Pension Plan (if such
      failure is sufficient to give rise to a Lien under Section 302(f) of ERISA)
      or
      to any Multiemployer Pension Plan, or the taking of any action with respect
      to a
      Pension Plan which could result in the requirement that the Company furnish
      a
      bond or other security to the PBGC or such Pension Plan, or the occurrence
      of
      any event with respect to any Pension Plan or Multiemployer Pension Plan which
      could result in the incurrence by any member of the Controlled Group of any
      material liability, fine or penalty (including any claim or demand for
      withdrawal liability or partial withdrawal from any Multiemployer Pension Plan),
      or any material increase in the contingent liability of the Company with respect
      to any post-retirement welfare benefit plan or other employee benefit plan
      of
      the Company or another member of the Controlled Group, or any notice that any
      Multiemployer Pension Plan is in reorganization, that increased contributions
      may be required to avoid a reduction in plan benefits or the imposition of
      an
      excise tax, that any such plan is or has been funded at a rate less than that
      required under Section 412 of the Code, that any such plan is or may be
      terminated, or that any such plan is or may become insolvent; or

     

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    (d) any
      other
      event (including (i) any violation of any Environmental Law or the assertion
      of
      any Environmental Claim or (ii) the enactment or effectiveness of any law,
      rule
      or regulation) which would reasonably be expected to have a Material Adverse
      Effect.

     

    10.1.6 Intentionally
      Omitted

     

    10.1.7 Management
      Reports.
      Promptly upon receipt thereof, copies of all detailed financial and management
      reports submitted to the Company by independent auditors in connection with
      each
      annual or interim audit made by such auditors of the books of the
      Company.

     

    10.1.8 Projections.
      As soon
      as practicable, and in any event not later than 105 days after the commencement
      of each Fiscal Year, financial projections for the Company and its Subsidiaries
      for such Fiscal Year (including quarterly operating and cash flow budgets)
      prepared in a manner consistent with the projections delivered by the Company
      to
      the Lenders prior to the Closing Date or otherwise in a manner reasonably
      satisfactory to the Administrative Agent.

     

    10.1.9 Junior
      Capital Notices.
      Promptly following receipt, copies of any material notices (including, in any
      event, notices of default or acceleration) received from any holder or trustee
      of, under or with respect to any Junior Capital or sent by the Company or any
      other Affiliated Party to any holder or trustee of, under or with respect to
      any
      Junior Capital.

     

    10.1.10 Other
      Information.
      Promptly from time to time, such other information concerning the Affiliated
      Parties as any Lender or the Administrative Agent may reasonably
      request.

     

    10.2 Books,
      Records and Inspections.
      Keep,
      and cause each other Affiliated Party to keep, its books and records in
      accordance with sound business practices sufficient to allow the preparation
      of
      financial statements in accordance with GAAP; (a) permit, and cause each other
      Affiliated Party to permit, any Lender or the Administrative Agent or any
      representative thereof to, at any reasonable time and with reasonable notice,
      taking into the account the potential effect on the business and operations
      of
      such Affiliated Party (or at any time without notice if an Event of Default
      exists), inspect the properties and operations of the Affiliated Parties, all
      such inspections to be at the inspecting Lender’s or the Administrative Agent’s
      expense, unless an Event of Default exists at the time such inspection is made
      (in which case such inspections shall be at the Company’s expense) provided,
      however, that the Administrative Agent may make an inspection of the Affiliated
      Parties’ properties and operations as set forth in this clause (a) at the
      Company’s expense not more than once during each 12-month period regardless of
      whether an Event of Default exists at the time such inspection is made; (b)
      permit and cause each other Affiliated Party to permit, at any reasonable time
      and with reasonable notice taking into account the potential effect on the
      business operations of the Affiliated Parties (or at any time without notice
      if
      an Event of Default exists), any Lender or the Administrative Agent or any
      representative thereof to visit any or all of its offices, to discuss its
      financial matters with its officers and its independent auditors (and the
      Company hereby authorizes such independent auditors to discuss such financial
      matters with any Lender or the Administrative Agent or any representative
      thereof), and to examine (and, at the expense of the Affiliated Parties,
      photocopy extracts from) any of its books or other records.

     

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    10.3 Maintenance
      of Property; Insurance.
      (a)
      Keep, and cause each other Affiliated Party to keep, all property useful and
      necessary in the business of the Affiliated Parties in good working order and
      condition, ordinary wear and tear excepted.

     

    (b) Maintain,
      and cause each other Affiliated Party to maintain, with responsible insurance
      companies, such insurance coverage as may be required by any law or governmental
      regulation or court decree or order applicable to it and such other insurance,
      to such extent and against such hazards and liabilities, as is customarily
      maintained by companies similarly situated, and, upon request of the
      Administrative Agent or any Lender, furnish to the Administrative Agent or
      such
      Lender a certificate setting forth in reasonable detail the nature and extent
      of
      all insurance maintained by the Affiliated Parties. 

     

    10.4 Compliance
      with Laws; Payment of Taxes and Liabilities.
      (a)
      Comply, and cause each other Affiliated Party to comply, in all material
      respects with all applicable laws, rules, regulations, decrees, orders,
      judgments, licenses and permits, except where failure to comply would not
      reasonably be expected to have a Material Adverse Effect; (b) without limiting
      clause (a) above, ensure, and cause each other Affiliated Party to ensure,
      that
      no Person who owns a controlling interest in or otherwise controls a Affiliated
      Party is or shall be (i) listed on the Specially Designated Nationals and
      Blocked Person List maintained by the Office of Foreign Assets Control
      (“OFAC”),
      Department of the Treasury, and/or any other similar lists maintained by OFAC
      pursuant to any authorizing statute, Executive Order or regulation or (ii)
      a
      Person designated under Section 1(b), (c) or (d) of Executive Order No. 13224
      (September 23, 2001), any related enabling legislation or any other similar
      Executive Orders, (c) without limiting clause (a) above, comply, and cause
      each
      other Affiliated Party to comply, with all applicable Bank Secrecy Act and
      anti-money laundering laws and regulations of which they are aware and (d)
      pay,
      and cause each other Affiliated Party to pay, prior to delinquency, all taxes
      and other governmental charges against it or any of its assets, as well as
      claims of any kind which, if unpaid, could become a Lien on any of its property;
      provided that the foregoing shall not require any Affiliated Party to pay any
      such tax or charge so long as it shall contest the validity thereof in good
      faith by appropriate proceedings and shall set aside on its books adequate
      reserves with respect thereto in accordance with GAAP and, in the case of a
      claim which could become a Lien on any assets, such contest proceedings shall
      stay the foreclosure of such Lien or the sale of any portion of the assets
      to
      satisfy such claim.

     

    10.5 Maintenance
      of Existence, etc.
      Maintain and preserve, and (subject to Section
      11.5)
      cause
      each other Affiliated Party to maintain and preserve, (a) its existence and
      good
      standing in the jurisdiction of its organization and (b) its qualification
      to do
      business and good standing in each jurisdiction where the nature of its business
      makes such qualification necessary (other than such jurisdictions in which
      the
      failure to be qualified or in good standing would not reasonably be expected
      to
      have a Material Adverse Effect).

     

    10.6 Use
      of
      Proceeds.
      Use the
      proceeds of the Loans, and the Letters of Credit, solely to refinance existing
      obligations of the Company, for working capital purposes, for Acquisitions
      permitted by Section
      11.5,
      for
      Capital Expenditures and for other general business purposes; and not use or
      permit any proceeds of any Loan to be used, either directly or indirectly,
      for
      the purpose, whether immediate, incidental or ultimate, of “purchasing or
      carrying” any Margin Stock in violation of Regulation U.

     

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    10.7 Employee
      Benefit Plans.

     

    (a) Maintain,
      and cause each other member of the Controlled Group to maintain, each Pension
      Plan in substantial compliance with all applicable requirements of law and
      regulations except for such non-compliance as would not reasonably be expected
      to have a Material Adverse Effect.

     

    (b) Make,
      and
      cause each other member of the Controlled Group to make, on a timely basis,
      all
      required contributions to any Multiemployer Pension Plan.

     

    (c) Not,
      and
      not permit any other member of the Controlled Group to (i) seek a waiver of
      the
      minimum funding standards of ERISA, (ii) terminate or withdraw from any Pension
      Plan or Multiemployer Pension Plan or (iii) take any other action with respect
      to any Pension Plan that would reasonably be expected to entitle the PBGC to
      terminate, impose liability in respect of, or cause a trustee to be appointed
      to
      administer, any Pension Plan, unless the actions or events described in clauses
      (i), (ii) and (iii) individually or in the aggregate would not have a Material
      Adverse Effect.

     

    10.8 Environmental
      Matters.
      If any
      release or threatened release or other disposal of Hazardous Substances shall
      occur or shall have occurred on any real property or any other assets of any
      Affiliated Party, the Company shall, or shall cause the applicable Affiliated
      Party to, cause the prompt containment and removal of such Hazardous Substances
      and the remediation of such real property or other assets as necessary to comply
      in all material respects with all Environmental Laws and to preserve, the value
      of such real property or other assets except where the failure to take such
      action would not reasonably be expected to have a Material Adverse Effect.
      Without limiting the generality of the foregoing, the Company shall, and shall
      cause each other Affiliated Party to, comply with any Federal or state judicial
      or administrative order (which is either final and unappealable or which has
      not
      been stayed) requiring the performance at any real property of any Affiliated
      Party of activities in response to the release or threatened release of a
      Hazardous Substance. To the extent that the transportation of Hazardous
      Substances is permitted by this Agreement, the Company shall, and shall cause
      its Subsidiaries to, dispose of such Hazardous Substances, or of any other
      wastes, only at licensed disposal facilities operating in compliance with
      Environmental Laws, except where the failure to take such action would not
      reasonably be expected to have a Material Adverse Effect.

     

    10.9 Tax
      Shelter Registration.
      Notify
      the Administrative Agent of any action (or the intention to take an action)
      inconsistent with the representation in Section
      9.13(b).
      If the
      Company so notifies the Administrative Agent, the Company acknowledges and
      agrees that the Administrative Agent and the Lenders may treat the transactions
      contemplated hereby (or any single transaction contemplated hereby) as part
      of a
      transaction that is subject to Treasury Regulation Section 301.6112-1, and
      the
      Administrative Agent and such Lender, as applicable, may maintain the lists
      and
      other regulations required by such Treasury Regulation. To the extent the
      Administrative Agent or a Lender determines to maintain such list, each
      Affiliated Party shall cooperate with the Administrative Agent and Lenders
      in
      obtaining the information required under such Treasury Regulation. Within 10
      days after notifying the Administrative Agent under this Section
      10.9,
      the
      Company shall deliver to the Administrative Agent a duly completed copy of
      IRS
      Form 8886 or any successor form.

     

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    10.10 Further
      Assurances.
      After
      the occurrence of a Guaranty Event, take, and cause each other Affiliated Party
      to take, such actions as are necessary or as the Administrative Agent or the
      Required Lenders may reasonably request from time to time to ensure that the
      Obligations of each Affiliated Party under the Loan Documents are guaranteed
      by
      those Subsidiaries required to deliver a Guaranty pursuant to the terms of
      this
      Agreement, including the execution and delivery of the Guaranty and any joinder
      agreements thereto, and other related ancillary documents reasonably requested
      by the Administrative Agent such as authority documents and opinions.

     

    10.11 Deposit
      Accounts.
      Unless
      the Administrative Agent otherwise consents in writing, maintain all of the
      Company’s primary deposit accounts with any Lender or a domestic bank affiliate
      of any Lender.

     

    10.12 Guaranty
      Event.
      Within
      ninety (90) days of the occurrence of a Guaranty Event, the Company shall cause
      certain Subsidiaries approved of by the Administrative Agent (which approval
      shall not be unreasonably withheld) to execute and deliver a Guaranty (or
      execute and deliver joinder agreements thereto), together with such
      certificates, resolutions, formation documents and opinions of counsel to the
      Guarantors as the Administrative Agent may reasonably request, such that upon
      execution and delivery of the Guaranty (or the applicable joinder agreements),
      the Guarantors, together with the Company, are the source of at least seventy
      percent (70%) of the Consolidated Operating Income of the Company and all its
      Subsidiaries for the four Fiscal Quarter period most recently ended prior to
      such date and hold at least seventy percent (70%) of the Consolidated total
      assets of the Company and all its Subsidiaries as of the last day of the Fiscal
      Quarter then most recently ended.

     

    10.13 Maintain
      Debt Rating.
      Use
      reasonable commercial efforts to cause the Rating Agencies to maintain, on
      an
      ongoing basis, a debt rating of the Company’s long term, publicly traded,
      non-credit enhanced senior unsecured Debt (whether or not such Debt is then
      outstanding).

     

    10.14 Subordinated
      Debt.
      The
      subordination provisions of any Subordinated Debt outstanding from time to
      time
      shall be enforceable against the holders of such Subordinated Debt by the
      Administrative Agent and the Lenders. All Obligations shall constitute senior
      Debt entitled to the benefits of the subordination provisions contained in
      any
      Subordinated Debt outstanding from time to time.

     

    SECTION
      11. NEGATIVE
      COVENANTS

     

    Until
      the
      expiration or termination of the Commitments and thereafter until all
      Obligations hereunder and under the other Loan Documents are paid in full and
      all Letters of Credit have been terminated, the Company agrees that, unless
      at
      any time the Required Lenders shall otherwise expressly consent in writing,
      it
      will:

     

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    11.1 Debt.
      Not,
      and not permit any other Affiliated Party to, create, incur, assume or suffer
      to
      exist any Debt, except:

     

    (a) Obligations
      under this Agreement and the other Loan Documents;

     

    (b) Debt
      secured by Liens permitted by Section 11.2(e),
      and
      extensions, renewals and refinancings thereof; provided that the aggregate
      amount of all such Debt secured by Liens permitted by Section 11.2(d) at any
      time outstanding shall not exceed $15,000,000; 

     

    (c) (i)
      Debt
      of the Company to any Subsidiary and (ii) Debt of any Subsidiary to the Company
      or another Subsidiary, provided, however, that the aggregate principal amount
      of
      Debt of any foreign Subsidiaries to Company or to any domestic Subsidiaries,
      outstanding from time to time, when incurred, shall not be in excess of an
      amount equal to twenty percent (20%) of Consolidated Net Worth as of the
      Company’s most recent Fiscal Year end;

     

    (d) Subordinated
      Debt;

     

    (e) Debt
      described on Schedule
      11.1
      and any
      extension, renewal or refinancing thereof so long as the principal amount
      thereof is not increased and no Default or Unmatured Event of Default shall
      have
      occurred and been continuing or would result therefrom.

     

    (f) Contingent
      Liabilities arising with respect to customary indemnification obligations in
      favor of sellers in connection with Acquisitions permitted under Section 11.5
      and purchasers in connection with dispositions permitted under Section 11.5;
      

     

    (g) Acquired
      Debt assumed in Acquisitions permitted under Section 11.5; and

     

    (h) the
      Senior Notes, and any refinancing of the Senior Notes which mature in 2008,
      provided that
      in
      connection with such refinancing that (i) the Company shall not incur Debt
      (other than Subordinated Debt or Revolving Loans) in excess of $155,000,000,
      and
      (ii) all the proceeds thereof are used to refinance the Senior Notes on the
      stated maturity thereof and to pay the reasonable costs of issuing such Debt,
      provided
      that (A)
      no Unmatured Event of Default or Event of Default shall have occurred and been
      continuing at the time of incurring such Debt; (B) the documents governing
      or
      describing such Debt shall be provided to the Administrative Agent in draft
      form
      at least three days prior to the incurrence of the Debt; (C) the Company shall
      provide a certificate executed by a Senior Officer, in form and substance
      acceptable to the Administrative Agent, evidencing that as of the end of the
      Fiscal Quarter immediately preceding such refinancing and as of the date of
      such
      refinancing calculated on a pro forma basis, giving effect to thereto (x) the
      Company’s Maximum Leverage Ratio, calculated in accordance with Section 11.14.2,
      does not exceed sixty three percent (63%) and (y) the Company’s Interest
      Coverage Ratio, calculated in accordance with Section 11.14.1, is not less
      than
      the level set forth for the applicable period in Section 11.14.1 plus 0.10
      and
      (D) the Administrative Agent shall concur with the calculations contained in
      the
      certification provided by the Company pursuant to clause (C) above (provided
      that such concurrence shall not be unreasonably withheld or delayed) and,
provided,
      further,
      that
      this clause (h) shall not restrict the repayment of the Senior Notes with the
      proceeds of Subordinated Debt, a Revolving Loan, a New Capital Offering, or
      any
      combination thereof;

     

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    (i) Guaranty
      Obligations relating to Debt to the extent permitted under Section 11.16 of
      this
      Agreement.

     

    (j) other
      unsecured Debt, in addition to the Debt listed above, in an aggregate
      outstanding amount not at any time exceeding an amount equal to twenty percent
      (20%) of Consolidated Net Worth as of the Company’s most recent Fiscal Year end,
      provided that at the time of incurring such Debt, no Default or Unmatured Event
      of Default shall have occurred and been continuing or would result
      therefrom.

     

    11.2 Liens.
      Not,
      and not permit any other Affiliated Party to, create or permit to exist any
      Lien
      on any of its real or personal properties, assets or rights of whatsoever nature
      (whether now owned or hereafter acquired), except:

     

    (a) Liens
      for
      taxes or other governmental charges not at the time delinquent or thereafter
      payable without penalty or being contested in good faith by appropriate
      proceedings and, in each case, for which it maintains adequate
      reserves;

     

    (b) Liens
      arising in the ordinary course of business (such as (i) Liens of carriers,
      warehousemen, mechanics and materialmen and other similar Liens and (ii) Liens
      in the form of deposits or pledges incurred in connection with worker’s
      compensation, unemployment compensation and other types of social security
      (excluding Liens arising under ERISA) or in connection with surety bonds, bids,
      performance bonds and similar obligations) for sums not overdue or being
      contested in good faith by appropriate proceedings and not involving any
      advances or borrowed money or the deferred purchase price of property or
      services and, in each case, for which it maintains adequate
      reserves;

     

    (c) Liens
      described on Schedule
      11.2
      as of
      the Closing Date;

     

    (d) cash
      deposits made with or pledged to gas suppliers of the Affiliated Parties,
provided
      that the
      obligation to post such cash deposits arises under gas contracts entered into
      by
      the Company or such Subsidiary in the ordinary course of business and the amount
      of gas purchased pursuant to such contracts does not exceed the greater of
      (a)
      the requirements established by the applicable regulatory authorities (as in
      effect from time to time) with jurisdiction over the Affiliated Parties or
      (b)
      ten (10) billion cubic feet;

     

    (e) subject
      to the limitation set forth in Section
      11.1(b),
      (i)
      Liens arising in connection with Capital Leases (and attaching only to the
      property being leased), (ii) Liens existing on property at the time of the
      acquisition thereof by any Affiliated Party (and not created in contemplation
      of
      such acquisition) and (iii) Liens that constitute purchase money security
      interests on any property securing debt incurred for the purpose of financing
      all or any part of the cost of acquiring such property, provided
      that any
      such Lien attaches to such property within 60 days of the acquisition thereof
      and attaches solely to the property so acquired;

     

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    (f) Liens
      in
      favor of customs and revenue authorities arising as a matter of law to secure
      payment of customs duties in connection with the importation of inventory or
      other goods;

     

    (g) attachments,
      appeal bonds, judgments and other similar Liens which do not constitute Events
      of Default hereunder;

     

    (h) easements,
      rights of way, restrictions, minor defects or irregularities in title and other
      similar Liens not interfering in any material respect with the ordinary conduct
      of the business of any Affiliated Party; and

     

    (i) the
      replacement, extension or renewal of any Lien permitted by clause (c) above
      upon
      or in the same property subject thereto arising out of the extension, renewal
      or
      replacement of the Debt secured thereby (without increase in the amount
      thereof).

     

    11.3 Hedging
      Agreements.No
      Affiliated Party shall enter into any Hedging Agreement except for Hedging
      Agreements used solely as a part of its normal business operations as a risk
      management strategy and/or hedge against changes resulting from market
      operations in accordance with its customary policies and not as a means to
      speculate for investment purposes on trends and shifts in financial or
      commodities markets.

     

    11.4 Restricted
      Payments; Subordinated Debt.
      Not,
      and not permit any other Affiliated Party to (a) make any distribution to any
      holders of its Capital Securities or of the Junior Capital, (b) repay, prepay,
      defease, purchase or redeem any of its Capital Securities or Junior Capital,
      (c)
      pay any management fees or similar fees to any of its equityholders, and (d)
      set
      aside funds for any of the foregoing. Notwithstanding the foregoing, (i) any
      Subsidiary may pay dividends or make other distributions to the Company or
      to a
      Subsidiary, provided
      that no
      domestic Subsidiaries shall pay dividends or make other distributions to any
      foreign Subsidiaries in excess of $10,000,000, in the aggregate amount during
      any Fiscal Year and no Guarantor shall pay dividends or make other distributions
      to any Subsidiary except Subsidiaries which are also Guarantors; (ii) so long
      as
      no Event of Default or Unmatured Event of Default exists or would result
      therefrom, the Company may make, pay, declare or authorize any dividend, payment
      or other distribution in respect of any class of its capital stock or any
      dividend, payment or distribution in connection with the redemption, purchase,
      retirement or other acquisition, directly or indirectly, of any shares of its
      Capital Securities, to the extent in each case payable solely in shares of
      Capital Securities of the Company, (iii) the Company may make, pay, declare
      or
      authorize any dividend, payment or other distribution in respect of any class
      of
      its Capital Securities or any dividend, payment or distribution in connection
      with the redemption, purchase, retirement or other acquisition, directly or
      indirectly, of any shares of its Capital Securities, provided, however, that
      immediately before and after giving effect to such dividend, payment or other
      distribution, no Event of Default or Unmatured Event of Default shall exist
      or
      shall have occurred and be continuing and that the Company, both before and
      after giving effect (on a pro forma basis) to the payment of such dividends
      or
      distributions shall be in compliance with the financial covenants set forth
      in
Section
      11.14
      of this
      Agreement, (iv) the Company may redeem all of its outstanding Series A 10.25%
      Subordinated Debentures due 2040 (of which $30,927,850 in aggregate principal
      amount is outstanding on the date hereof), which will in turn cause the
      redemption of all of the 10.25% Cumulative Trust Preferred Securities of SEMCO
      Capital Trust I (the “Trust”) (of which 1,200,000 trust preferred securities are
      outstanding on the date hereof) and all of the common securities of the Trust
      (of which 37,114 common securities were outstanding on the date hereof) for
      which all of the foregoing notices were sent out calling for such redemption
      to
      occur on September 14, 2005, (v) the Company may prepay, purchase, redeem or
      defease Subordinated Debt with the proceeds of a New Capital Offering or of
      Subordinated Debt in each case issued in accordance with the terms of this
      Agreement, provided that no Unmatured Event of Default or Event of Default
      has
      occurred and is continuing; and (vi) the Company may make any payment of
      regularly scheduled interest or of principal at maturity under any of the Trust
      Preferred Securities, if the Company has provided not less than five (5)
      Business Days prior written notice to the Agent of its intent to make such
      payment, accompanied by a certification (which is true and correct when given)
      that both before and after giving effect to such payment (and taking into
      account the making thereof), no Unmatured Event of Default or Event of Default
      has occurred and is continuing (or will occur as of the last day of the next
      succeeding reporting period) and that such payment would be permitted under
      the
      terms of this Agreement. 

     

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    11.5 Mergers,
      Consolidations, Acquisitions, Sales.
      Not,
      and not permit any other Affiliated Party to, (a) be a party to any merger
      or
      consolidation, or purchase or otherwise acquire all or substantially all of
      the
      assets or any Capital Securities of any class of, or any partnership or joint
      venture interest in, any other Person, (b) sell, transfer, convey or lease
      all
      or any substantial part of its assets or Capital Securities (including the
      sale
      of Capital Securities of any Subsidiary) except for sales of inventory in the
      ordinary course of business, or (c) sell or assign with or without recourse
      any
      receivables, except for (i) any such merger, consolidation, sale, transfer,
      conveyance, lease or assignment of or by any Subsidiary into the Company or
      into
      any other domestic Subsidiary, provided,
      however,
      that
      any merger or consolidation between a Guarantor and another Subsidiary shall
      only be permitted if the survivor of the merger remains subject to the
      obligations set forth in the Guaranty to which the Guarantor was originally
      subject; (ii) any such purchase or other acquisition by the Company or any
      Subsidiary of the assets or Capital Securities of any Subsidiary (provided,
      however,
      that
      the aggregate net book value of any assets transferred or sold by (x) the
      Guarantors to any Subsidiaries shall not be in excess of $5,000,000 for any
      Fiscal Year and (y) the Company and any domestic Subsidiaries to any foreign
      Subsidiaries shall not be in excess of $10,000,000 for any Fiscal Year); (iii)
      sales and dispositions of assets (including the Capital Securities of
      Subsidiaries but excluding the Capital Securities of any Guarantor) for at
      least
      fair market value (as determined by the Board of Directors of the Company)
      so
      long as the net book value of all assets sold or otherwise disposed of in any
      Fiscal Year does not exceed 10% of the net book value of the consolidated assets
      of the Affiliated Parties as of the last day of the preceding Fiscal Year,
      except to the extent the proceeds of such sales or dispositions are used to
      purchase comparable replacement assets within 180 days following the date of
      such sale or disposition (or if within 180 days following the date of such
      sale
      or disposition the Company has entered into a binding purchase order or contract
      for such purchase, within 360 days following the date of such sale or
      disposition); and (iv) any Acquisition by the Company or any domestic Subsidiary
      where:

     

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    (A) the
      business or division acquired are for use, or the Person acquired is principally
      engaged, in the Gas Related Businesses engaged in by the Affiliated Parties
      on
      the Closing Date;

     

    (B) immediately
      before and after giving effect to such Acquisition, no Event of Default or
      Unmatured Event of Default shall exist;

     

    (C) the
      aggregate consideration to be paid by the Affiliated Parties (including any
      Debt
      assumed or issued in connection therewith, the amount thereof to be calculated
      in accordance with GAAP) in connection with such Acquisition (or any series
      of
      related Acquisitions) is not more than $50,000,000 and shall not exceed
      $150,000,000 in total for all Acquisitions from the Closing Date until the
      Termination Date, provided,
      however,
      that
      the limitations on such consideration specified under this clause shall not
      apply during such periods as the Company maintains senior unsecured debt ratings
      of BBB- and Baa3 or better from S&P and Moody’s respectively and
provided,
      further,
      no
      Event of Default shall be deemed to occur or be continuing if the Company has
      paid more than $150,000,000 in consideration for Acquisitions during the period
      when the limitations contained in this clause (C) were lifted but subsequently
      re-imposed so long as the Company does not make any further Acquisitions while
      the limitations are re-imposed; 

     

    (D) immediately
      after giving effect to such Acquisition, the Company is in pro forma compliance
      with all the financial ratios and restrictions set forth in Section
      11.14;

     

    (E) in
      the
      case of the Acquisition of any Person, the Board of Directors of such Person
      has
      approved such Acquisition;

     

    (F) reasonably
      prior to such Acquisition, the Administrative Agent shall have received complete
      executed or conformed copies of each material document, instrument and agreement
      to be executed in connection with such Acquisition together with all lien search
      reports and lien release letters and other documents as the Administrative
      Agent
      may require to evidence the termination of Liens on the assets or business
      to be
      acquired; and

     

    (G) not
      less
      than ten Business Days prior to such Acquisition, the Administrative Agent
      shall
      have received an acquisition summary with respect to the Person and/or business
      or division to be acquired, such summary to include a reasonably detailed
      description thereof (including financial information) and operating results
      (including financial statements for the most recent 12 month period for which
      they are available and as otherwise available), the terms and conditions,
      including economic terms, of the proposed Acquisition, and the Company’s
      calculation of pro forma Net Operating Income relating thereto.

     

    11.6 [Intentionally
      Omitted]

     

    11.7 Transactions
      with Affiliates.
      Not,
      and not permit any other Affiliated Party to, enter into, or cause, suffer
      or
      permit to exist any transaction, arrangement or contract with any of its other
      Affiliates (other than the Affiliated Parties) which is on terms which are
      less
      favorable than are obtainable from any Person which is not one of its
      Affiliates.

     

    11.8 [Intentionally
      Omitted]

     

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    11.9 Inconsistent
      Agreements.
      Not,
      and not permit any other Affiliated Party to, enter into any agreement
      containing any provision which would (a) be violated or breached by any
      borrowing by the Company hereunder or by the performance by any Affiliated
      Party
      of any of its Obligations hereunder or under any other Loan Document, or (b)
      create or permit to exist or become effective any encumbrance or restriction
      on
      the ability of any Subsidiary to (i) pay dividends or make other distributions
      to the Company or any other Subsidiary, or pay any Debt owed to the Company
      or
      any other Subsidiary, (ii) make loans or advances to any Affiliated Party or
      (iii) transfer any of its assets or properties to any Affiliated Party, other
      than (A) customary restrictions and conditions contained in agreements relating
      to the sale of all or a substantial part of the assets of any Subsidiary pending
      such sale, provided
      that
      such restrictions and conditions apply only to the Subsidiary to be sold and
      such sale is permitted hereunder (B) restrictions or conditions imposed by
      any
      agreement relating to purchase money Debt, Capital Leases, Junior Capital and
      other Debt permitted by this Agreement, (C) customary provisions in leases
      and
      other contracts restricting the assignment thereof, (D) Liens securing
      Indebtedness otherwise permitted to be incurred, under the provisions of Section
      11.2 hereof that limit the right of the debtor to dispose of the assets subject
      to such Liens; (E) provisions with respect to the disposition or distribution
      of
      assets or property in joint venture agreements asset sale agreements, stock
      sale
      agreements and other similar agreements entered into in the ordinary course
      of
      business; and (F) restrictions on deposits (to the extent permitted hereunder)
      imposed by customers under contracts entered into in the ordinary course of
      business.

     

    11.10 Business
      Activities; Issuance of Equity.
      Not,
      and not permit any other Affiliated Party to, engage in any line of business
      other than the businesses engaged in on the date hereof and businesses
      reasonably related and incidental thereto. Not permit any Subsidiary to issue
      any Capital Securities other than any issuance by a Subsidiary to the Company
      or
      another Subsidiary in accordance with Section
      11.4,
      except
      to the extent such issuance would fit within the basket set forth for asset
      sales pursuant to Section 11.5(c)(iii) of this Agreement.

     

    11.11 Investments.
      Not,
      and not permit any other Affiliated Party to, make or permit to exist any
      Investment in any other Person, except the following:

     

    (a) Investments
      by (i) the Company or any of its domestic Subsidiaries in any of the Company’s
      foreign Subsidiaries, provided, that the aggregate amount of such investments
      shall not be in excess of an amount equal to twenty percent (20%) of
      Consolidated Net Worth as of the Company’s most recent Fiscal Year end tested as
      of the date the applicable investment is made and (ii) the Company in any of
      its
      domestic Subsidiaries, or by any Subsidiary in any of its domestic Subsidiaries
      and;

     

    (b) Investments
      constituting Debt permitted by Section
      11.1
      and
      Hedging Agreements permitted by Section
      11.3;

     

    (c) Contingent
      Liabilities constituting Debt permitted by Section
      11.1
      or Liens
      permitted by Section
      11.2;

     

    (d) Cash
      Equivalent Investments;

     

    (e) bank
      deposits in the ordinary course of business and cash deposits with gas supplies
      of the Company, provided that the obligation to post such cash deposits arises
      under gas contracts entered into by the Company in the ordinary course of
      business and the amount of gas purchased pursuant to such contracts does not
      exceed the greater of (a) the requirements established by the applicable
      regulatory authorities (as in effect from time to time) with jurisdiction over
      the Company or (b) ten (10) billion cubic feet;

     

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    (f) Investments
      in securities of account debtors received pursuant to any plan of reorganization
      or similar arrangement upon the bankruptcy or insolvency of such account
      debtors;

     

    (g) Investments
      to consummate Acquisitions permitted by Section
      11.5;
      

     

    (h) Investments
      listed on Schedule
      11.11
      as of
      the Closing Date;

     

    (i) joint
      ventures that are principally engaged in Gas Related Businesses, provided
      however, that the aggregate amount invested such joint ventures shall not exceed
      an amount equal to twenty percent (20%) of Consolidated Net Worth as of the
      Company’s most recent Fiscal Year end tested as of the date the applicable
      investment is made; and

     

    (j) other
      Investments not set forth above which are not, in the aggregate, in excess
      of
      $5,000,000;

     

    provided
      that (x)
      any Investment which when made complies with the requirements of the definition
      of the term “Cash
      Equivalent Investment”
      may
      continue to be held notwithstanding that such Investment if made thereafter
      would not comply with such requirements; (y) no Investment otherwise permitted
      by clause (b), (c),
      (g),
      (i)
      or (j)
      shall be permitted to be made if, immediately before or after giving effect
      thereto, any Event of Default or Unmatured Event of Default exists. In valuing
      any Investments for the purpose of applying the limitations set forth in this
      Section
      11.11
      (except
      as otherwise expressly provided herein), such Investment shall be taken at
      the
      original cost thereof, without allowance for any subsequent write-offs or
      appreciation or depreciation, but less any amount repaid or recovered on account
      of capital or principal.

     

    11.12 Restriction
      of Amendments to Certain Documents.
      Not
      amend or otherwise modify, or waive any rights under any documents relating
      to
      the Junior Capital if, in any case, such amendment, modification or waiver
      could
      be adverse to the interests of the Lenders or would reasonably be expected
      to
      have a Material Adverse Effect

     

    11.13 Fiscal
      Year.
      Not
      change its Fiscal Year or that of any Affiliated Party.

     

    11.14 Financial
      Covenants

     

    11.14.1 Minimum
      Interest Coverage Ratio.
      Not
      permit the Interest Coverage Ratio for any period of four consecutive Fiscal
      Quarters ending on the last day of a Fiscal Quarter to be less than as
      follows:

     

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              Periods

               

            	
              Interest
                Coverage Ratio

               

            
	
              Each
                Fiscal Quarter through September 30, 2007

               

            	
              1.25
                to 1.00

               

            
	
              Each
                Fiscal Quarter thereafter

               

            	
              1.30
                to 1.00

               

            

    

    

     

    11.14.2 Maximum
      Leverage Ratio.
      Not
      permit, as of the last day of each Fiscal Quarter a ratio of (i) Consolidated
      Adjusted Funded Debt to (ii) Consolidated Adjusted Total Capitalization to
      be
      more than sixty five percent (65%).

     

    11.14.3 Minimum
      Consolidated Net Worth.
      Not
      permit the Consolidated Net Worth, as of the last day of each Fiscal Quarter,
      to
      be less than an amount equal to (a) the Net Worth Base Amount, plus (b) the
      New
      Capital Adjustment through the date of determination. 

     

    Net
      Worth Base Amount
      means
      $225,000,000 plus 50% of Consolidated Net Income (if positive) earned during
      each Fiscal Year, commencing with the Fiscal Year ending December 31, 2005,
      provided, however, that for Fiscal Year 2005, Consolidated Net Income for
      purposes of this Section 11.14.3, shall be calculated to include only the last
      three fiscal quarters of such Fiscal Year.

     

    11.15 Cancellation
      of Debt; More Favorable Terms.
      (a)
      Not, and not permit any other Affiliated Party to, cancel any claim or debt
      owing to it (except from another Affiliated Party), except for reasonable
      consideration or in the ordinary course of business, and except for the
      cancellation of debts or claims not to exceed $10,000,000 in any Fiscal
      Year.

     

    (b) Not
      enter
      into any amendment or modification of the senior notes set forth on Schedule
      11.15(b) and any additional senior notes issued on a pari passu basis with
      the
      Obligations from time to time or any related loan documentation for such senior
      notes or any refinancing of such senior notes if such amendment or modification
      shall include, or be issued pursuant to any amendment or other agreement which
      includes (i) financial covenants (other than incurrence-type covenants which
      permit the Affiliated Parties to take specified actions only if certain
      financial tests are met) or event of default provisions (other than any event
      of
      default provisions which are comparable to Sections 13.1.1, 13.1.5 and 13.1.6
      hereof) which are more restrictive than or substantially different from the
      financial covenants and default provisions set forth in this Agreement unless,
      prior to entering into any such amendment, the Company notifies the
      Administrative Agent and the Lenders of its intent to enter into any such
      amendment and, if the Required Lenders determine that some or all of the
      financial covenants or default provisions set forth in such amendment are more
      favorable to the lender thereunder than the covenants or default provisions
      set
      forth in this Agreement (“More Favorable Terms”), and that the Required Lenders
      desire that this Agreement be further amended to incorporate the More Favorable
      Terms, the Company shall, within thirty days following receipt from
      Administrative Agent of notice that the Required Lenders have made the foregoing
      determination, enter into an amendment to this Agreement incorporating, on
      terms
      and conditions acceptable to the Required Lenders, the More Favorable Terms
      or
      (ii) a covenant or agreement requiring any of the Subsidiaries of the Company
      to
      guaranty the senior notes described above or any refinancing of such senior
      notes, unless prior to or simultaneously with the grant of such guaranty, such
      Subsidiaries shall execute and deliver a Guaranty for the benefit of the
      Administrative Agent and the Lenders, together with such resolutions, opinions,
      certificates and other documents as Agent may reasonably request, each in form
      and substance reasonably acceptable to Agent.

     

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    SECTION
      12. EFFECTIVENESS;
      CONDITIONS OF LENDING, ETC.

     

    The
      obligation of each Lender to make its Loans and of each Issuing Lender to issue
      Letters of Credit is subject to the following conditions precedent:

     

    12.1 Initial
      Credit Extension.
      The
      obligation of the Lenders to make the initial Loans and the obligation of each
      Issuing Lender to issue its initial Letter of Credit (whichever first occurs)
      is, in addition to the conditions precedent specified in Section
      12.2,
      subject
      to the conditions precedent that the Administrative Agent shall have received
      all of the following, each duly executed and dated the Closing Date (or such
      earlier date as shall be satisfactory to the Administrative Agent), in form
      and
      substance satisfactory to the Administrative Agent (and the date on which all
      such conditions precedent have been satisfied or waived in writing by the
      Administrative Agent and the Lenders is called the “Closing
      Date”):

     

    12.1.1 Notes.
      A Note
      for each Lender.

     

    12.1.2 Authorization
      Documents.
      For
      each Affiliated Party executing and delivering Loan Documents, such Person’s (a)
      charter (or similar formation document), certified by the appropriate
      governmental authority; (b) good standing certificates in its state of
      incorporation (or formation) and in each other state in which a Affiliated
      Party
      is qualified as a foreign corporation and which is requested by the
      Administrative Agent; (c) bylaws (or similar governing document); (d)
      resolutions of its board of directors (or similar governing body) approving
      and
      authorizing such Person’s execution, delivery and performance of the Loan
      Documents to which it is party and the transactions contemplated thereby; and
      (e) signature and incumbency certificates of its officers executing any of
      the
      Loan Documents (it being understood that the Administrative Agent and each
      Lender may conclusively rely on each such certificate until formally advised
      by
      a like certificate of any changes therein), all certified by its secretary
      or an
      assistant secretary (or similar officer) as being in full force and effect
      without modification.

     

    12.1.3 Consents,
      etc.
      Certified copies of all documents evidencing any necessary corporate or
      partnership action, consents and governmental approvals (if any) required for
      the execution, delivery and performance by the Affiliated Parties of the
      documents referred to in this Section 12.

     

    12.1.4 Letter
      of Direction.
      A
      letter of direction containing funds flow information with respect to the
      proceeds of the Loans on the Closing Date.

     

    12.1.5 Opinions
      of Counsel.
      Opinions of counsel for each Affiliated Party party to the Loan
      Documents.

     

    12.1.6 Intentionally
      Omitted

     

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    12.1.7 Payment
      of Fees.
      Evidence of payment by the Company of all accrued and unpaid fees, costs and
      expenses to the extent then due and payable on the Closing Date, together with
      (a) all Attorney Costs of the Administrative Agent to the extent invoiced prior
      to the Closing Date, plus
      such
      additional amounts of Attorney Costs as shall constitute the Administrative
      Agent’s reasonable estimate of Attorney Costs incurred or to be incurred by the
      Administrative Agent through the closing proceedings (provided
      that
      such estimate shall not thereafter preclude final settling of accounts between
      the Company and the Administrative Agent) and (b) an upfront fee in the amount
      set forth in the Agent Proposal Letter to be divided by the Administrative
      Agent
      amongst the Lenders according to their respective Pro Rata Shares upon the
      effectiveness of this Agreement.

     

    12.1.8 Income
      Statements, Balance Sheets and Cash Flow Statements.
      The
      Administrative Agent shall have received projected income statements, balance
      sheets and cash flow statements prepared by the Company and giving effect to
      the
      transactions contemplated by this Agreement and the use of proceeds therefrom,
      in each case in form and substance acceptable to the Administrative
      Agent.

     

    12.1.9 Financial
      Statements.The
      Administrative Agent shall have received (i) audited Consolidated financial
      statements for the Company and its Subsidiaries for the Fiscal Years ending
      2002, 2003 and 2004 and (ii) unaudited interim Consolidated financial statements
      for the Company and its Subsidiaries for each fiscal quarter ended after the
      latest Fiscal Year 2004, in each case in form and substance acceptable to the
      Administrative Agent.

     

    12.1.10 Search
      Results; Lien Terminations.
      Certified copies of Uniform Commercial Code search reports from the Secretary
      of
      State of Michigan dated a date reasonably near to the Closing Date, listing
      all
      effective financing statements which name the Company (under its present names)
      as debtor, together with (a) copies of such financing statements, and (b) such
      other Uniform Commercial Code termination statements as the Administrative
      Agent
      may reasonably request with respect to Liens other than Permitted
      Liens.

     

    12.1.11 Closing
      Certificate, Consents and Permits.
      A
      certificate executed by an officer of the Company on behalf of the Company
      certifying the matters set forth in Section
      12.2.1
      as of
      the Closing Date.

     

    12.1.12 Other.
      Such
      other documents as the Administrative Agent or any Lender may reasonably
      request.

     

    12.2 Conditions.
      The
      obligation (a) of each Lender to make each Loan and (b) of each Issuing Lender
      to issue each Letter of Credit is subject to the following further conditions
      precedent that:

     

    12.2.1 Compliance
      with Warranties, No Default, etc.
      Both
      before and after giving effect to any borrowing and the issuance of any Letter
      of Credit, the following statements shall be true and correct:

     

    (a) the
      representations and warranties of each Affiliated Party set forth in this
      Agreement and the other Loan Documents shall be true and correct in all respects
      with the same effect as if then made (except to the extent stated to relate
      to a
      specific earlier date, in which case such representations and warranties shall
      be true and correct as of such earlier date) and except for changes therein
      occurring in the ordinary course of business and which do not violate this
      Agreement; and

     

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    (b) no
      Event
      of Default or Unmatured Event of Default shall have then occurred and be
      continuing.

     

    12.2.2 Confirmatory
      Certificate.
      If
      requested by the Administrative Agent or any Lender, the Administrative Agent
      shall have received a certificate dated the date of such requested Loan or
      Letter of Credit and signed by a duly authorized representative of the Company
      as to the matters set out in Section
      12.2.1
      (it
      being understood that each request by the Company for the making of a Loan
      or
      the issuance of a Letter of Credit shall be deemed to constitute a
      representation and warranty by the Company that the conditions precedent set
      forth in Section
      12.2.1
      will be
      satisfied at the time of the making of such Loan or the issuance of such Letter
      of Credit), together with such other documents as the Administrative Agent
      or
      any Lender may reasonably request in support thereof.

     

    SECTION
      13. EVENTS
      OF
      DEFAULT AND THEIR EFFECT.

     

    13.1 Events
      of Default.
      Each of
      the following shall constitute an Event of Default under this
      Agreement:

     

    13.1.1 Non-Payment
      of the Loans, etc.
      Default
      in the payment when due of the principal of any Loan; or default, and
      continuance thereof for five days, in the payment when due of any interest,
      fee,
      reimbursement obligation with respect to any Letter of Credit or other amount
      payable by the Company hereunder or under any other Loan Document.

     

    13.1.2 Non-Payment
      of Other Debt.
      Any
      default shall occur under the terms applicable to any Debt of any Affiliated
      Party in an aggregate amount (for all such Debt so affected and including
      undrawn committed or available amounts and amounts owing to all creditors under
      any combined or syndicated credit arrangement) exceeding $10,000,000 and shall
      continue beyond any applicable notice, grace or cure period, and such default
      shall (a) consist of the failure to pay such Debt when due, whether by
      acceleration or otherwise, or (b) accelerate the maturity of such Debt or permit
      the holder or holders thereof, or any trustee or agent for such holder or
      holders, to cause such Debt to become due and payable (or require any Affiliated
      Party to purchase or redeem such Debt or post cash collateral in respect
      thereof) prior to its expressed maturity.

     

    13.1.3 Intentionally
      Omitted.

     

    13.1.4 Bankruptcy,
      Insolvency, etc.
      Any
      Affiliated Party becomes insolvent or generally fails to pay, or admits in
      writing its inability or refusal to pay, debts as they become due; or any
      Affiliated Party applies for, consents to, or acquiesces in the appointment
      of a
      trustee, receiver or other custodian for such Affiliated Party or any property
      thereof, or makes a general assignment for the benefit of creditors; or, in
      the
      absence of such application, consent or acquiescence, a trustee, receiver or
      other custodian is appointed for any Affiliated Party or for a substantial
      part
      of the property of any thereof and is not discharged within 60 days; or any
      bankruptcy, reorganization, debt arrangement, or other case or proceeding under
      any bankruptcy or insolvency law, or any dissolution or liquidation proceeding,
      is commenced in respect of any Affiliated Party, and if such case or proceeding
      is not commenced by such Affiliated Party, it is consented to or acquiesced
      in
      by such Affiliated Party, or remains for 60 days undismissed; or any Affiliated
      Party takes any action to authorize, or in furtherance of, any of the
      foregoing.

     

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    13.1.5 Non-Compliance
      with Loan Documents.
      (a)
      Failure by any Affiliated Party to comply with or to perform any covenant set
      forth in Section
      10.1.5,
      10.5
      or
10.9
      or
Section
      11;
      or (b)
      failure by any Affiliated Party to comply with or to perform any other provision
      of this Agreement or any other Loan Document (and not constituting an Event
      of
      Default under any other provision of this Section
      13)
      and
      continuance of such failure described in this clause
      (b)
      for 30
      days following the earlier to occur of (i) the obtaining of actual knowledge
      by
      the Company or any Subsidiary of such default or (ii) the receipt of written
      notice by any senior officer of the Company of such default; provided,
      in each
      case that an Event of Default arising from a breach of Sections 10.1.1 through
      10.1.4 or 10.1.10 shall be deemed to have been cured upon delivery of the
      required item; and provided, further, that the Event of Default arising solely
      due to a breach of Section 10.1.5(a) shall be deemed cured upon the earlier
      of
      (i) the giving of notice as required by that Section and (ii) the date upon
      which the Event of Default or Unmatured Event of Default giving rise to the
      notice obligation has been cured or waived.

     

    13.1.6 Representations;
      Warranties.
      Any
      representation or warranty made by any Affiliated Party herein or any other
      Loan
      Document is breached or is false or misleading in any material respect, or
      any
      schedule, certificate, financial statement, report, notice or other writing
      furnished by any Affiliated Party to the Administrative Agent or any Lender
      in
      connection herewith is false or misleading in any material respect on the date
      as of which the facts therein set forth are stated or certified.

     

    13.1.7 Pension
      Plans.
      (a) Any
      Person institutes steps to terminate a Pension Plan if as a result of such
      termination the Company or any member of the Controlled Group could be required
      to make a contribution to such Pension Plan, or could incur a liability or
      obligation to such Pension Plan, in excess of $5,000,000; (b) a contribution
      failure occurs with respect to any Pension Plan sufficient to give rise to
      a
      Lien under Section 302(f) of ERISA; or (c) there shall occur any withdrawal
      or
      partial withdrawal from a Multiemployer Pension Plan and the withdrawal
      liability (without unaccrued interest) to Multiemployer Pension Plans as a
      result of such withdrawal (including any outstanding withdrawal liability that
      the Company or any member of the Controlled Group have incurred on the date
      of
      such withdrawal) exceeds $5,000,000.

     

    13.1.8 Judgments.
      Final
      judgments which exceed an aggregate of $5,000,000 shall be rendered against
      any
      Affiliated Party and shall not have been paid, discharged or vacated or had
      execution thereof stayed pending appeal within 30 days after entry or filing
      of
      such judgments.

     

    13.1.9 Intentionally
      Omitted.

     

    13.1.10 Invalidity
      of Subordination Provisions, etc.
      (i) Any
      subordination provision in any document or instrument governing Subordinated
      Debt aggregating $5,000,000 or more, or any subordination provision in any
      guaranty by any Subsidiary of any Subordinated Debt aggregating $5,000,000
      or
      more, shall cease to be in full force and effect, or (ii) any Affiliated Party
      or any other Person (including the holder of any applicable Subordinated Debt)
      shall contest in any manner the validity, binding nature or enforceability
      of
      any such provision.

     

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    13.1.11 Change
      of Control. 

     

    (a)
      Any
      Person or group of Persons (within the meaning of Section 13 or 14 of the
      Securities Exchange Act of 1934) shall acquire beneficial ownership (within
      the
      meaning of Rule 13d-3 promulgated under such Act) of more than 35% of the
      outstanding securities (on a fully diluted basis and taking into account any
      securities or contract rights exercisable, exchangeable or convertible into
      equity securities) of the Company having voting rights in the election of
      directors under normal circumstances; (b) a majority of the members of the
      Board
      of Directors of the Company shall cease to be Continuing Members. For purposes
      of the foregoing; “Continuing Member” means a member of the Board of Directors
      of the Company who either (i) was a member of the Company’s Board of Directors
      on the day before the Closing Date and has been such continuously thereafter
      or
      (ii) became a member of such Board of Directors after the day before the Closing
      Date and whose election or nomination for election was approved by a vote of
      the
      majority of the Continuing Members then members of the Company’s Board of
      Directors, (c) any “change of control” shall occur under any documents or
      agreements relating to the Junior Capital, or (d) the Company shall no longer
      hold, either directly or indirectly, 100% of the Capital Securities of any
      Guarantor. 

     

    13.2 Effect
      of Event of Default.
      If any
      Event of Default described in Section
      13.1.4
      shall
      occur in respect of the Company, the Commitments shall immediately terminate
      and
      the Loans and all other Obligations hereunder shall become immediately due
      and
      payable and the Company shall become immediately obligated to Cash Collateralize
      all Letters of Credit, all without presentment, demand, protest or notice of
      any
      kind; and, if any other Event of Default shall occur and be continuing, the
      Administrative Agent may (and, upon the written request of the Required Lenders
      shall) declare the Commitments to be terminated in whole or in part and/or
      declare all or any part of the Loans and all other Obligations hereunder to
      be
      due and payable and/or demand that the Company immediately Cash Collateralize
      all or any Letters of Credit, whereupon the Commitments shall immediately
      terminate (or be reduced, as applicable) and/or the Loans and other Obligations
      hereunder shall become immediately due and payable (in whole or in part, as
      applicable) and/or the Company shall immediately become obligated to Cash
      Collateralize the Letters of Credit (all or any, as applicable), all without
      presentment, demand, protest or notice of any kind. Any cash collateral
      delivered hereunder shall be held by the Administrative Agent (without liability
      for interest thereon) and applied to the Obligations arising in connection
      with
      any drawing under a Letter of Credit. After the expiration or termination of
      all
      Letters of Credit, such cash collateral shall be applied by the Administrative
      Agent to any remaining Obligations hereunder and any excess shall be delivered
      to the Company or as a court of competent jurisdiction may elect.

     

    SECTION
      14. THE
      AGENTS.

     

    14.1 Appointment
      and Authorization.
      Each
      Lender hereby irrevocably (subject to Section
      14.10)
      appoints, designates and authorizes the Administrative Agent to take such action
      on its behalf under the provisions of this Agreement and each other Loan
      Document and to exercise such powers and perform such duties as are expressly
      delegated to it by the terms of this Agreement or any other Loan Document,
      together with such powers as are reasonably incidental thereto. Notwithstanding
      any provision to the contrary contained elsewhere in this Agreement or in any
      other Loan Document, the Administrative Agent shall not have any duty or
      responsibility except those expressly set forth herein, nor shall the
      Administrative Agent have or be deemed to have any fiduciary relationship with
      any Lender or participant, and no implied covenants, functions,
      responsibilities, duties, obligations or liabilities shall be read into this
      Agreement or any other Loan Document or otherwise exist against the
      Administrative Agent. Without limiting the generality of the foregoing sentence,
      the use of the term “agent” herein and in other Loan Documents with reference to
      the Agent is not intended to connote any fiduciary or other implied (or express)
      obligations arising under agency doctrine of any applicable law. Instead, such
      term is used merely as a matter of market custom, and is intended to create
      or
      reflect only an administrative relationship between independent contracting
      parties.

     

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    14.2 Issuing
      Lender.
      Each
      Issuing Lender shall act on behalf of the Lenders (according to their Pro Rata
      Shares) with respect to any Letters of Credit issued by it and the documents
      associated therewith. Each Issuing Lender shall have all of the benefits and
      immunities (a) provided to the Administrative Agent in this Section
      14
      with
      respect to any acts taken or omissions suffered by each Issuing Lender in
      connection with Letters of Credit issued by it or proposed to be issued by
      it
      and the applications and agreements for letters of credit pertaining to such
      Letters of Credit as fully as if the term “Administrative Agent”, as used in
      this Section
      14,
      included each Issuing Lender with respect to such acts or omissions and (b)
      as
      additionally provided in this Agreement with respect to each Issuing
      Lender.

     

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

     

    14.4 Exculpation
      of Administrative Agent.
      None of
      the Administrative Agent nor any of its directors, officers, employees or agents
      shall (a) be liable for any action taken or omitted to be taken by any of them
      under or in connection with this Agreement or any other Loan Document or the
      transactions contemplated hereby (except to the extent resulting from its own
      gross negligence or willful misconduct in connection with its duties expressly
      set forth herein as determined by a final, nonappealable judgment by a court
      of
      competent jurisdiction), or (b) be responsible in any manner to any Lender
      or
      participant for any recital, statement, representation or warranty made by
      any
      Affiliated Party or Affiliate of the Company, or any officer thereof, contained
      in this Agreement or in any other Loan Document, or in any certificate, report,
      statement or other document referred to or provided for in, or received by
      the
      Administrative Agent under or in connection with, this Agreement or any other
      Loan Document, or the validity, effectiveness, genuineness, enforceability
      or
      sufficiency of this Agreement or any other Loan Document (or the creation,
      perfection or priority of any Lien or security interest therein), or for any
      failure of the Company or any other party to any Loan Document to perform its
      Obligations hereunder or thereunder. The Administrative Agent shall not be
      under
      any obligation to any Lender to ascertain or to inquire as to the observance
      or
      performance of any of the agreements contained in, or conditions of, this
      Agreement or any other Loan Document, or to inspect the properties, books or
      records of the Company or any of the Company’s Subsidiaries or
      Affiliates.

     

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    14.5 Reliance
      by Administrative Agent.
      The
      Administrative Agent shall be entitled to rely, and shall be fully protected
      in
      relying, upon any writing, communication, signature, resolution, representation,
      notice, consent, certificate, electronic mail message, affidavit, letter,
      telegram, facsimile, telex or telephone message, statement or other document
      or
      conversation believed by it to be genuine and correct and to have been signed,
      sent or made by the proper Person or Persons, and upon advice and statements
      of
      legal counsel (including counsel to the Company), independent accountants and
      other experts selected by the Administrative Agent. The Administrative Agent
      shall be fully justified in failing or refusing to take any action under this
      Agreement or any other Loan Document unless it shall first receive such advice
      or concurrence of the Required Lenders (or all Lenders if such action
      specifically requires the approval of all Lenders under this Agreement) as
      it
      deems appropriate and, if it so requests, confirmation from the Lenders of
      their
      obligation to indemnify the Administrative Agent against any and all liability
      and expense which may be incurred by it by reason of taking or continuing to
      take any such action. The Administrative Agent shall in all cases be fully
      protected in acting, or in refraining from acting, under this Agreement or
      any
      other Loan Document in accordance with a request or consent of the Required
      Lenders (or all Lenders if such action specifically requires the approval of
      all
      Lenders under this Agreement) and such request and any action taken or failure
      to act pursuant thereto shall be binding upon each Lender. For purposes of
      determining compliance with the conditions specified in Section
      12.1,
      each
      Lender that has signed this Agreement shall be deemed to have consented to,
      approved or accepted or to be satisfied with, each document or other matter
      required thereunder to be consented to or approved by or acceptable or
      satisfactory to a Lender unless the Administrative Agent shall have received
      written notice from such Lender prior to the proposed Closing Date specifying
      its objection thereto.

     

    14.6 Notice
      of Default.
      The
      Administrative Agent shall not be deemed to have knowledge or notice of the
      occurrence of any Event of Default or Unmatured Event of Default except with
      respect to defaults in the payment of principal, interest and fees required
      to
      be paid to the Administrative Agent for the account of the Lenders, unless
      the
      Administrative Agent shall have received written notice from a Lender or the
      Company referring to this Agreement, describing such Event of Default or
      Unmatured Event of Default and stating that such notice is a “notice of
      default”. The Administrative Agent will notify the Lenders of its receipt of any
      such notice. The Administrative Agent shall take such action with respect to
      such Event of Default or Unmatured Event of Default as may be requested by
      the
      Required Lenders in accordance with Section
      13;
      provided
      that
      unless and until the Administrative Agent has received any such request, the
      Administrative Agent may (but shall not be obligated to) take such action,
      or
      refrain from taking such action, with respect to such Event of Default or
      Unmatured Event of Default as it shall deem advisable or in the best interest
      of
      the Lenders.

     

    14.7 Credit
      Decision.
      Each
      Lender acknowledges that the Administrative Agent has not made any
      representation or warranty to it, and that no act by the Administrative Agent
      hereafter taken, including any consent and acceptance of any assignment or
      review of the affairs of the Affiliated Parties, shall be deemed to constitute
      any representation or warranty by the Administrative Agent to any Lender as
      to
      any matter, including whether the Administrative Agent has disclosed material
      information in its possession. Each Lender represents to the Administrative
      Agent that it has, independently and without reliance upon the Administrative
      Agent and based on such documents and information as it has deemed appropriate,
      made its own appraisal of and investigation into the business, prospects,
      operations, property, financial and other condition and creditworthiness of
      the
      Affiliated Parties, and made its own decision to enter into this Agreement
      and
      to extend credit to the Company hereunder. Each Lender also represents that
      it
      will, independently and without reliance upon the Administrative Agent and
      based
      on such documents and information as it shall deem appropriate at the time,
      continue to make its own credit analysis, appraisals and decisions in taking
      or
      not taking action under this Agreement and the other Loan Documents, and to
      make
      such investigations as it deems necessary to inform itself as to the business,
      prospects, operations, property, financial and other condition and
      creditworthiness of the Company. Except for notices, reports and other documents
      expressly herein required to be furnished to the Lenders by the Administrative
      Agent, the Administrative Agent shall not have any duty or responsibility to
      provide any Lender with any credit or other information concerning the business,
      prospects, operations, property, financial or other condition or
      creditworthiness of the Company which may come into the possession of the
      Administrative Agent.

     

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    14.8 Indemnification.
      Whether
      or not the transactions contemplated hereby are consummated, each Lender shall
      indemnify upon demand the Administrative Agent and its directors, officers,
      employees and agents (to the extent not reimbursed by or on behalf of the
      Company and without limiting the obligation of the Company to do so), according
      to its applicable Pro Rata Share, from and against any and all Indemnified
      Liabilities (as hereinafter defined); provided
      that no
      Lender shall be liable for any payment to any such Person of any portion of
      the
      Indemnified Liabilities to the extent determined by a final, nonappealable
      judgment by a court of competent jurisdiction to have resulted from the
      applicable Person’s own gross negligence or willful misconduct. No action taken
      in accordance with the directions of the Required Lenders (or all Lenders for
      actions specifically requiring the consent of all Lenders under this Agreement)
      shall be deemed to constitute gross negligence or willful misconduct for
      purposes of this Section. Without limitation of the foregoing, each Lender
      shall
      reimburse the Administrative Agent upon demand for its ratable share of any
      costs or out of pocket expenses (including Attorney Costs and Taxes) incurred
      by
      the Administrative Agent in connection with the preparation, execution,
      delivery, administration, modification, amendment or enforcement (whether
      through negotiations, legal proceedings or otherwise) of, or legal advice in
      respect of rights or responsibilities under, this Agreement, any other Loan
      Document, or any document contemplated by or referred to herein, to the extent
      that the Administrative Agent is not reimbursed for such expenses by or on
      behalf of the Company. The undertaking in this Section shall survive repayment
      of the Loans, cancellation of the Notes, expiration or termination of the
      Letters of Credit, termination of this Agreement and the resignation or
      replacement of the Administrative Agent.

     

    14.9 Administrative
      Agent in Individual Capacity.
      LaSalle
      Midwest and its Affiliates may make loans to, issue letters of credit for the
      account of, accept deposits from, acquire equity interests in and generally
      engage in any kind of banking, trust, financial advisory, underwriting or other
      business with the Affiliated Parties and Affiliates as though LaSalle Midwest
      were not the Administrative Agent hereunder and without notice to or consent
      of
      any Lender. Each Lender acknowledges that, pursuant to such activities, LaSalle
      Midwest or its Affiliates may receive information regarding the Company or
      its
      Affiliates (including information that may be subject to confidentiality
      obligations in favor of the Company or such Affiliate) and acknowledge that
      the
      Administrative Agent shall be under no obligation to provide such information
      to
      them. With respect to their Loans (if any), LaSalle Midwest and its Affiliates
      shall have the same rights and powers under this Agreement as any other Lender
      and may exercise the same as though LaSalle Midwest were not the Administrative
      Agent, and the terms “Lender” and “Lenders” include LaSalle Midwest and its
      Affiliates, to the extent applicable, in their individual
      capacities.

     

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    14.10 Successor
      Administrative Agent.
      The
      Administrative Agent may resign as Administrative Agent upon 30 days’ notice to
      the Lenders. If the Administrative Agent resigns under this Agreement, the
      Required Lenders shall, with (so long as no Event of Default exists) the consent
      of the Company (which shall not be unreasonably withheld or delayed), appoint
      from among the Lenders a successor agent for the Lenders. If no successor agent
      is appointed prior to the effective date of the resignation of the
      Administrative Agent, the Administrative Agent may appoint, after consulting
      with the Lenders and the Company, a successor agent from among the Lenders.
      Upon
      the acceptance of its appointment as successor agent hereunder, such successor
      agent shall succeed to all the rights, powers and duties of the retiring
      Administrative Agent and the term “Administrative Agent” shall mean such
      successor agent, and the retiring Administrative Agent’s appointment, powers and
      duties as Administrative Agent shall be terminated. After any retiring
      Administrative Agent’s resignation hereunder as Administrative Agent, the
      provisions of this Section
      14
      and
Sections
      15.5
      and
15.16
      shall
      inure to its benefit as to any actions taken or omitted to be taken by it while
      it was Administrative Agent under this Agreement. If no successor agent has
      accepted appointment as Administrative Agent by the date which is 30 days
      following a retiring Administrative Agent’s notice of resignation, the retiring
      Administrative Agent’s resignation shall nevertheless thereupon become effective
      and the Lenders shall perform all of the duties of the Administrative Agent
      hereunder until such time, if any, as the Required Lenders appoint a successor
      agent as provided for above.

     

    14.11 Intentionally
      Omitted

     

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

     

    (a) to
      file
      and prove a claim for the whole amount of the principal and interest owing
      and
      unpaid in respect of the Loans, and all other Obligations that are owing and
      unpaid and to file such other documents as may be necessary or advisable in
      order to have the claims of the Lenders and the Administrative Agent (including
      any claim for the reasonable compensation, expenses, disbursements and advances
      of the Lenders and the Administrative Agent and their respective agents and
      counsel and all other amounts due the Lenders and the Administrative Agent
      under
Sections
      5,
      15.5
      and
15.16)
      allowed
      in such judicial proceedings; and 

     

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

     

    and
      any
      custodian, receiver, assignee, trustee, liquidator, sequestrator or other
      similar official in any such judicial proceeding is hereby authorized by each
      Lender to make such payments to the Administrative Agent and, in the event
      that
      the Administrative Agent shall consent to the making of such payments directly
      to the Lenders, to pay to the Administrative Agent any amount due for the
      reasonable compensation, expenses, disbursements and advances of the
      Administrative Agent and its agents and counsel, and any other amounts due
      the
      Administrative Agent under Sections 5, 15.5 and 15.16.

     

    Nothing
      contained herein shall be deemed to authorize the Administrative Agent to
      authorize or consent to or accept or adopt on behalf of any Lender any plan
      of
      reorganization, arrangement, adjustment or composition affecting the Obligations
      or the rights of any Lender or to authorize the Administrative Agent to vote
      in
      respect of the claim of any Lender in any such proceeding.

     

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

     

    SECTION
      15. GENERAL.

     

    15.1 Waiver;
      Amendments.
      No
      delay on the part of the Administrative Agent or any Lender in the exercise
      of
      any right, power or remedy shall operate as a waiver thereof, nor shall any
      single or partial exercise by any of them of any right, power or remedy preclude
      other or further exercise thereof, or the exercise of any other right, power
      or
      remedy. No amendment, modification or waiver of, or consent with respect to,
      any
      provision of this Agreement or the other Loan Documents shall in any event
      be
      effective unless the same shall be in writing and acknowledged by Lenders having
      an aggregate Pro Rata Shares of not less than the aggregate Pro Rata Shares
      expressly designated herein with respect thereto or, in the absence of such
      designation as to any provision of this Agreement, by the Required Lenders,
      and
      then any such amendment, modification, waiver or consent shall be effective
      only
      in the specific instance and for the specific purpose for which given. No
      amendment, modification, waiver or consent shall (a) extend or increase the
      Commitment of any Lender without the written consent of such Lender, (b) extend
      the date scheduled for payment of any principal of or interest on the Loans
      or
      any fees payable hereunder without the written consent of each Lender directly
      affected thereby, (c) reduce the principal amount of any Loan, the rate of
      interest thereon or any fees payable hereunder, without the consent of each
      Lender directly affected thereby; or (d) release any party from its obligations
      under the Guaranty (except in connection with the permitted sale of the
      applicable Guarantor, in which case the Administrative Agent may release the
      applicable Guarantor, provided,
      however,
      that no
      Guaranty Event shall result therefrom (determined on a pro forma basis as of
      the
      proposed date of sale)), change the definition of Required Lenders, any
      provision of this Section
      15.1
      or
      reduce the aggregate Pro Rata Share required to effect an amendment,
      modification, waiver or consent, without, in each case, the written consent
      of
      all Lenders. No provision of Section
      14
      or other
      provision of this Agreement affecting the Administrative Agent in its capacity
      as such shall be amended, modified or waived without the consent of the
      Administrative Agent. No provision of this Agreement relating to the rights
      or
      duties of each Issuing Lender in its capacity as such shall be amended, modified
      or waived without the consent of each Issuing Lender. No provision of this
      Agreement relating to the rights or duties of the Swing Line Lender in its
      capacity as such shall be amended, modified or waived without the consent of
      the
      Swing Line Lender.

     

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    15.2 Confirmations.
      The
      Company and each holder of a Note agree from time to time, upon written request
      received by it from the other, to confirm to the other in writing (with a copy
      of each such confirmation to the Administrative Agent) the aggregate unpaid
      principal amount of the Loans then outstanding under such Note.

     

    15.3 Notices.
      Except
      as otherwise provided in Sections
      2.2.2
      and
2.2.3,
      all
      notices hereunder shall be in writing (including facsimile transmission) and
      shall be sent to the applicable party at its address shown on Annex B or at
      such
      other address as such party may, by written notice received by the other
      parties, have designated as its address for such purpose. Notices sent by
      facsimile transmission shall be deemed to have been given when sent; notices
      sent by mail shall be deemed to have been given three Business Days after the
      date when sent by registered or certified mail, postage prepaid; and notices
      sent by hand delivery or overnight courier service shall be deemed to have
      been
      given when received. For purposes of Sections 2.2.2
      and
2.2.3,
      the
      Administrative Agent shall be entitled to rely on telephonic instructions from
      any Person that the Administrative Agent in good faith believes is an authorized
      officer or employee of the Company, and the Company shall hold the
      Administrative Agent and each other Lender harmless from any loss, cost or
      expense resulting from any such reliance.

     

    15.4 Computations.
      Where
      the character or amount of any asset or liability or item of income or expense
      is required to be determined, or any consolidation or other accounting
      computation is required to be made, for the purpose of this Agreement, such
      determination or calculation shall, to the extent applicable and except as
      otherwise specified in this Agreement, be made in accordance with GAAP,
      consistently applied; provided
      that if
      the Company notifies the Administrative Agent that the Company wishes to amend
      any covenant in Section 10 (or any related definition) to eliminate or to take
      into account the effect of any change in GAAP on the operation of such covenant
      (or if the Administrative Agent notifies the Company that the Required Lenders
      wish to amend Section 10 (or any related definition) for such purpose), then
      the
      Company’s compliance with such covenant shall be determined on the basis of GAAP
      in effect immediately before the relevant change in GAAP became effective,
      until
      either such notice is withdrawn or such covenant (or related definition) is
      amended in a manner satisfactory to the Company and the Required
      Lenders.

     

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    15.5 Costs,
      Expenses and Taxes.
      The
      Company agrees to pay on demand all reasonable and documented out-of-pocket
      costs and expenses of the Administrative Agent (including Attorney Costs and
      any
      Taxes) in connection with the preparation, execution, syndication, delivery
      and
      administration (including the costs of Intralinks (or other similar service),
      if
      applicable) of this Agreement, the other Loan Documents and all other documents
      provided for herein or delivered or to be delivered hereunder or in connection
      herewith (including any amendment, supplement or waiver to any Loan Document),
      whether or not the transactions contemplated hereby or thereby shall be
      consummated, and all reasonable out-of-pocket costs and expenses (including
      Attorney Costs and any Taxes) incurred by the Administrative Agent and each
      Lender after an Event of Default in connection with the collection of the
      Obligations or the enforcement of this Agreement the other Loan Documents or
      any
      such other documents or during any workout, restructuring or negotiations in
      respect thereof. In addition, the Company agrees to pay, and to save the
      Administrative Agent and the Lenders harmless from all liability for, any fees
      of the Company’s auditors in connection with any reasonable exercise by the
      Administrative Agent and the Lenders of their rights pursuant to Section
      10.2.
      All
      Obligations provided for in this Section
      15.5
      shall
      survive repayment of the Loans, cancellation of the Notes, expiration or
      termination of the Letters of Credit and termination of this
      Agreement.

     

    15.6 Assignments;
      Participations.

     

    15.6.1 Assignments.
      (a) Any
      Lender may at any time assign to one or more Persons (any such Person, an
“Assignee”) all or any portion of such Lender’s Loans and Commitments, with the
      prior written consent of the Administrative Agent, each Issuing Lender (for
      an
      assignment of the Revolving Loans and the Revolving Commitment) and, so long
      as
      no Event of Default exists, the Company (which consents shall not be
      unreasonably withheld or delayed and shall not be required for an assignment
      by
      a Lender to a Lender or an Affiliate of a Lender). Except as the Administrative
      Agent may otherwise agree, any such assignment shall be in a minimum aggregate
      amount equal to $5,000,000 or, if less, the remaining Commitment and Loans
      held
      by the assigning Lender. The Company and the Administrative Agent shall be
      entitled to continue to deal solely and directly with such Lender in connection
      with the interests so assigned to an Assignee until the Administrative Agent
      shall have received and accepted an effective assignment agreement in
      substantially the form of Exhibit
      D
      hereto
      (an “Assignment
      Agreement”)
      executed, delivered and fully completed by the applicable parties thereto and
      a
      processing fee of $3,500. No assignment may be made to any Person if at the
      time
      of such assignment the Company would be obligated to pay any greater amount
      under Section
      7.6
      or
8
      to the
      Assignee than the Company is then obligated to pay to the assigning Lender
      under
      such Sections (and if any assignment is made in violation of the foregoing,
      the
      Company will not be required to pay such greater amounts). Any attempted
      assignment not made in accordance with this Section
      15.6.1
      shall be
      treated as the sale of a participation under Section
      15.6.2.
      

     

    (b) From
      and
      after the date on which the conditions described above have been met, (i) such
      Assignee shall be deemed automatically to have become a party hereto and, to
      the
      extent that rights and obligations hereunder have been assigned to such Assignee
      pursuant to such Assignment Agreement, shall have the rights and obligations
      of
      a Lender hereunder and (ii) the assigning Lender, to the extent that rights
      and
      obligations hereunder have been assigned by it pursuant to such Assignment
      Agreement, shall be released from its rights (other than its indemnification
      rights) and obligations hereunder. Upon the request of the Assignee (and, as
      applicable, the assigning Lender) pursuant to an effective Assignment Agreement,
      the Company shall execute and deliver to the Administrative Agent for delivery
      to the Assignee (and, as applicable, the assigning Lender) a Note in the
      principal amount of the Assignee’s Pro Rata Share of the Revolving Commitment
      (and, as applicable, a Note in the principal amount of the Pro Rata Share of
      the
      Revolving Commitment retained by the assigning Lender). Each such Note shall
      be
      dated the effective date of such assignment. Upon receipt by the assigning
      Lender of such Note, the assigning Lender shall return to the Company any prior
      Note held by it.

     

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

     

    15.6.2 Participations.
      Any
      Lender may at any time sell to one or more Persons participating interests
      in
      its Loans, Commitments or other interests hereunder (any such Person, a
“Participant”).
      In
      the event of a sale by a Lender of a participating interest to a Participant,
      (a) such Lender’s obligations hereunder shall remain unchanged for all purposes,
      (b) the Company and the Administrative Agent shall continue to deal solely
      and
      directly with such Lender in connection with such Lender’s rights and
      obligations hereunder and (c) all amounts payable by the Company shall be
      determined as if such Lender had not sold such participation and shall be paid
      directly to such Lender. No Participant other than an Affiliate of a Lender
      shall have any direct or indirect voting rights hereunder except with respect
      to
      any event described in Section
      15.1
      expressly requiring the unanimous vote of all Lenders or, as applicable, all
      affected Lenders. Each Lender agrees to incorporate the requirements of the
      preceding sentence into each participation agreement which such Lender enters
      into with any Participant which is not an Affiliate of a Lender. The Company
      agrees that if amounts outstanding under this Agreement are due and payable
      (as
      a result of acceleration or otherwise), each Participant shall be deemed to
      have
      the right of set-off in respect of its participating interest in amounts owing
      under this Agreement and with respect to any Letter of Credit to the same extent
      as if the amount of its participating interest were owing directly to it as
      a
      Lender under this Agreement; provided
      that
      such right of set-off shall be subject to the obligation of each Participant
      to
      share with the Lenders, and the Lenders agree to share with each Participant,
      as
      provided in Section
      7.5.
      The
      Company also agrees that each Participant shall be entitled to the benefits
      of
Section
      7.6
      or
8
      as if it
      were a Lender (provided
      that on
      the date of the participation no Participant shall be entitled to any greater
      compensation pursuant to Section
      7.6
      or
8
      than
      would have been paid to the participating Lender on such date if no
      participation had been sold and that each Participant complies with Section
      7.6(d)
      as if it
      were an Assignee).

     

    15.7 Register.
      The
      Administrative Agent shall maintain a copy of each Assignment Agreement
      delivered and accepted by it and register (the “Register”)
      for
      the recordation of names and addresses of the Lenders and the Commitment of
      each
      Lender from time to time and whether such Lender is the original Lender or
      the
      Assignee. No assignment shall be effective unless and until the Assignment
      Agreement is accepted and registered in the Register. All records of transfer
      of
      a Lender’s interest in the Register shall be conclusive, absent manifest error,
      as to the ownership of the interests in the Loans. The Administrative Agent
      shall not incur any liability of any kind with respect to any Lender with
      respect to the maintenance of the Register. 

     

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    15.8 GOVERNING
      LAW.
      THIS AGREEMENT AND EACH NOTE SHALL BE A CONTRACT MADE UNDER AND GOVERNED BY
      THE
      INTERNAL LAWS OF THE STATE OF MICHIGAN APPLICABLE TO CONTRACTS MADE AND TO
      BE
      PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO CONFLICT OF LAWS
      PRINCIPLES.

     

    15.9 Confidentiality.
      The
      Administrative Agent and each Lender agree to use commercially reasonable
      efforts (equivalent to the efforts the Administrative Agent or such Lender
      applies to maintain the confidentiality of its own confidential information)
      to
      maintain as confidential all information provided to them by any Affiliated
      Party and designated as confidential, except that the Administrative Agent
      and
      each Lender may disclose such information (a) to Persons employed or engaged
      by
      the Administrative Agent or such Lender in evaluating, approving, structuring
      or
      administering the Loans and the Commitments provided that such Persons are
      bound
      by, or agree in writing to be bound by this Section 15.9 or are otherwise
      required to maintain confidentiality as set forth herein; (b) to any assignee
      or
      participant or potential assignee or participant that has agreed to comply
      with
      the covenant contained in this Section
      15.9
      (and any
      such assignee or participant or potential assignee or participant may disclose
      such information to Persons employed or engaged by them as described in clause
      (a) above); (c) as required or requested by any federal or state regulatory
      authority or examiner, or any insurance industry association, or as reasonably
      believed by the Administrative Agent or such Lender to be compelled by any
      court
      decree, subpoena or legal or administrative order or process; (d) as, on the
      advice of the Administrative Agent’s or such Lender’s counsel, is required by
      law; (e) in connection with the exercise of any right or remedy under the Loan
      Documents or in connection with any litigation to which the Administrative
      Agent
      or such Lender is a party; (f) to any nationally recognized rating agency that
      requires access to information about a Lender’s investment portfolio in
      connection with ratings issued with respect to such Lender; (g) to any Affiliate
      of the Administrative Agent, Issuing Lenders or any other Lender who may provide
      bank products to the Affiliated Parties provided such Affiliates are bound
      by or
      agree in writing to be bound by this Section 15.9 or are otherwise required
      to
      maintain confidentiality as set forth herein; or (h) that ceases to be
      confidential through no fault of the Administrative Agent or any Lender.
      Notwithstanding the foregoing, the Company consents to the publication by the
      Administrative Agent or any Lender of a tombstone or similar advertising
      material relating to the financing transactions contemplated by this Agreement,
      and the Administrative Agent reserves the right to provide to industry trade
      organizations information necessary and customary for inclusion in league table
      measurements. Notwithstanding anything in this Agreement or any other Loan
      Document to the contrary, any information with respect to the “tax treatment” or
“tax structure” (in each case, within the meaning of Treasury Regulation Section
      1.6011-4) of the transactions contemplated hereby shall not be confidential
      and
      the Administrative Agent and the Lenders and other parties hereto may disclose
      without limitation of any kind any information that is provided to the
      Administrative Agent or the Lenders with respect to the “tax treatment” or “tax
      structure” (in each case, within the meaning of Treasury Regulation Section
      1.6011-4); provided,
      that to
      the extent any Loan Document contains information that relates to the “tax
      treatment” or “tax structure” and contains other information, this paragraph
      shall only apply to the information regarding the “tax treatment” or “tax
      structure.”

     

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    15.10 Severability.
      Whenever possible each provision of this Agreement shall be interpreted in
      such
      manner as to be effective and valid under applicable law, but if any provision
      of this Agreement shall be prohibited by or invalid under applicable law, such
      provision shall be ineffective to the extent of such prohibition or invalidity,
      without invalidating the remainder of such provision or the remaining provisions
      of this Agreement. All obligations of the Company and rights of the
      Administrative Agent and the Lenders expressed herein or in any other Loan
      Document shall be in addition to and not in limitation of those provided by
      applicable law.

     

    15.11 Nature
      of Remedies.
      All
      rights of the Administrative Agent and the Lenders expressed herein or in any
      other Loan Document shall be in addition to and not in limitation of those
      provided by applicable law. No failure to exercise and no delay in exercising,
      on the part of the Administrative Agent or any Lender, any right, remedy, power
      or privilege hereunder, shall operate as a waiver thereof; nor shall any single
      or partial exercise of any right, remedy, power or privilege hereunder preclude
      any other or further exercise thereof or the exercise of any other right,
      remedy, power or privilege.

     

    15.12 Entire
      Agreement; Amendment and Restatement.
      This
      Agreement, together with the other Loan Documents, embodies the entire agreement
      and understanding among the parties hereto and supersedes all prior or
      contemporaneous agreements and understandings of such Persons, verbal or
      written, relating to the subject matter hereof and thereof (except as relates
      to
      the fees described in Section
      5.3)
      and any
      prior arrangements made with respect to the payment by the Company of (or any
      indemnification for) any fees, costs or expenses payable to or incurred (or
      to
      be incurred) by or on behalf of the Administrative Agent or the Lenders. This
      Agreement constitutes an amendment and restatement of the Prior Credit
      Agreement, which Prior Credit Agreement is fully superseded and amended and
      restated in its entirety hereby; provided that the Obligations governed by
      the
      Prior Credit Agreement shall remain outstanding and in full force and effect
      and
      provided further that this Agreement does not constitute a novation of such
      Obligations. 

     

    15.13 Counterparts.
      This
      Agreement may be executed in any number of counterparts and by the different
      parties hereto on separate counterparts and each such counterpart shall be
      deemed to be an original, but all such counterparts shall together constitute
      but one and the same Agreement. Receipt of an executed signature page to this
      Agreement by facsimile or other electronic transmission shall constitute
      effective delivery thereof. Electronic records of executed Loan Documents
      maintained by the Lenders shall deemed to be originals.

     

    15.14 Successors
      and Assigns.
      This
      Agreement shall be binding upon the Company, the Lenders and the Administrative
      Agent and their respective successors and assigns, and shall inure to the
      benefit of the Company, the Lenders and the Administrative Agent and the
      successors and assigns of the Lenders and the Administrative Agent. No other
      Person shall be a direct or indirect legal beneficiary of, or have any direct
      or
      indirect cause of action or claim in connection with, this Agreement or any
      of
      the other Loan Documents. The Company may not assign or transfer any of its
      rights or Obligations under this Agreement without the prior written consent
      of
      the Administrative Agent and each Lender.

     

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    15.15 Captions.
      Section
      captions used in this Agreement are for convenience only and shall not affect
      the construction of this Agreement.

     

    15.16 INDEMNIFICATION
      BY THE COMPANY.
      IN CONSIDERATION OF THE EXECUTION AND DELIVERY OF THIS AGREEMENT BY THE
      ADMINISTRATIVE AGENT AND THE LENDERS AND THE AGREEMENT TO EXTEND THE COMMITMENTS
      PROVIDED HEREUNDER, THE COMPANY HEREBY AGREES TO INDEMNIFY, EXONERATE AND HOLD
      THE ADMINISTRATIVE AGENT, EACH LENDER AND EACH OF THE OFFICERS, DIRECTORS,
      EMPLOYEES, AFFILIATES AND AGENTS OF THE ADMINISTRATIVE AGENT AND EACH LENDER
      (EACH A “LENDER PARTY”) FREE AND HARMLESS FROM AND AGAINST ANY AND ALL ACTIONS,
      CAUSES OF ACTION, SUITS, LOSSES, LIABILITIES, DAMAGES AND EXPENSES, INCLUDING
      ATTORNEY COSTS (COLLECTIVELY, THE “INDEMNIFIED LIABILITIES”), INCURRED BY THE
      LENDER PARTIES OR ANY OF THEM AS A RESULT OF, OR ARISING OUT OF, OR RELATING
      TO
      (A) ANY TENDER OFFER, MERGER, PURCHASE OF CAPITAL SECURITIES, PURCHASE OF
      ASSETS) OR OTHER SIMILAR TRANSACTION FINANCED OR PROPOSED TO BE FINANCED IN
      WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITH THE PROCEEDS OF ANY OF THE LOANS,
      (B) THE USE, HANDLING, RELEASE, EMISSION, DISCHARGE, TRANSPORTATION, STORAGE,
      TREATMENT OR DISPOSAL OF ANY HAZARDOUS SUBSTANCE AT ANY PROPERTY OWNED OR LEASED
      BY ANY AFFILIATED PARTY, (C) ANY VIOLATION OF ANY ENVIRONMENTAL LAWS WITH
      RESPECT TO CONDITIONS AT ANY PROPERTY OWNED OR LEASED BY ANY AFFILIATED PARTY
      OR
      THE OPERATIONS CONDUCTED THEREON, (D) THE INVESTIGATION, CLEANUP OR REMEDIATION
      OF OFFSITE LOCATIONS AT WHICH ANY AFFILIATED PARTY OR THEIR RESPECTIVE
      PREDECESSORS ARE ALLEGED TO HAVE DIRECTLY OR INDIRECTLY DISPOSED OF HAZARDOUS
      SUBSTANCES OR (E) THE EXECUTION, DELIVERY, PERFORMANCE OR ENFORCEMENT OF THIS
      AGREEMENT OR ANY OTHER LOAN DOCUMENT BY ANY OF THE LENDER PARTIES, EXCEPT FOR
      ANY SUCH INDEMNIFIED LIABILITIES ARISING ON ACCOUNT OF THE APPLICABLE LENDER
      PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT AS DETERMINED BY A COURT OF
      COMPETENT JURISDICTION. IF AND TO THE EXTENT THAT THE FOREGOING UNDERTAKING
      MAY
      BE UNENFORCEABLE FOR ANY REASON, THE COMPANY HEREBY AGREES TO MAKE THE MAXIMUM
      CONTRIBUTION TO THE PAYMENT AND SATISFACTION OF EACH OF THE INDEMNIFIED
      LIABILITIES WHICH IS PERMISSIBLE UNDER APPLICABLE LAW. ALL OBLIGATIONS PROVIDED
      FOR IN THIS SECTION
      15.16
      SHALL SURVIVE REPAYMENT OF THE LOANS, CANCELLATION OF THE NOTES, EXPIRATION
      OR
      TERMINATION OF THE LETTERS OF CREDIT, ANY FORECLOSURE UNDER, OR ANY
      MODIFICATION, RELEASE OR DISCHARGE OF THE GUARANTY AND TERMINATION OF THIS
      AGREEMENT.

     

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    15.17 Nonliability
      of Lenders.
      The
      relationship between the Company on the one hand and the Lenders and the
      Administrative Agent on the other hand shall be solely that of borrower and
      lender. Neither the Administrative Agent nor any Lender has any fiduciary
      relationship with or duty to any Affiliated Party arising out of or in
      connection with this Agreement or any of the other Loan Documents, and the
      relationship between the Affiliated Parties, on the one hand, and the
      Administrative Agent and the Lenders, on the other hand, in connection herewith
      or therewith is solely that of debtor and creditor. Neither the Administrative
      Agent nor any Lender undertakes any responsibility to any Affiliated Party
      to
      review or inform any Affiliated Party of any matter in connection with any
      phase
      of any Affiliated Party’s business or operations. The Company agrees, on behalf
      of itself and each other Affiliated Party, that neither the Administrative
      Agent
      nor any Lender shall have liability to any Affiliated Party (whether sounding
      in
      tort, contract or otherwise) for losses suffered by any Affiliated Party in
      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 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. NO
      LENDER PARTY SHALL BE LIABLE FOR ANY DAMAGES ARISING FROM THE USE BY OTHERS
      OF
      ANY INFORMATION OR OTHER MATERIALS OBTAINED THROUGH INTRALINKS OR OTHER SIMILAR
      INFORMATION TRANSMISSION SYSTEMS IN CONNECTION WITH THIS AGREEMENT, NOR SHALL
      ANY LENDER PARTY HAVE ANY LIABILITY WITH RESPECT TO, AND THE COMPANY ON BEHALF
      OF ITSELF AND EACH OTHER AFFILIATED PARTY, HEREBY WAIVES, RELEASES AND AGREES
      NOT TO SUE FOR ANY SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES RELATING TO THIS
      AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ARISING OUT OF ITS ACTIVITIES IN
      CONNECTION HEREWITH OR THEREWITH (WHETHER BEFORE OR AFTER THE CLOSING
      DATE).
      The
      Company acknowledges that it has been advised by counsel in the negotiation,
      execution and delivery of this Agreement and the other Loan Documents to which
      it is a party. No joint venture is created hereby or by the other Loan Documents
      or otherwise exists by virtue of the transactions contemplated hereby among
      the
      Lenders or among the Grantors and the Lenders.

     

    15.18 FORUM
      SELECTION AND CONSENT TO JURISDICTION.
      ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH
      THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, SHALL BE BROUGHT AND MAINTAINED
      EXCLUSIVELY IN THE COURTS OF THE STATE OF MICHIGAN OR IN THE UNITED STATES
      DISTRICT COURT FOR THE EASTERN DISTRICT OF MICHIGAN; PROVIDED
      THAT NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE THE
      ADMINISTRATIVE AGENT FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY
      OTHER JURISDICTION. THE COMPANY, THE ADMINISTRATIVE AGENT, EACH ISSUING LENDER
      AND EACH LENDER HEREBY EXPRESSLY AND IRREVOCABLY SUBMITS TO THE JURISDICTION
      OF
      THE COURTS OF THE STATE OF MICHIGAN AND OF THE UNITED STATES DISTRICT COURT
      FOR
      THE EASTERN DISTRICT OF MICHIGAN FOR THE PURPOSE OF ANY SUCH LITIGATION AS
      SET
      FORTH ABOVE. THE COMPANY, THE ADMINISTRATIVE AGENT, EACH ISSUING LENDER AND
      EACH
      LENDER FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS BY REGISTERED
      MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF
      MICHIGAN. THE COMPANY, THE ADMINISTRATIVE AGENT, EACH ISSUING LENDER AND EACH
      LENDER HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED
      BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE
      OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY
      CLAIM
      THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT
      FORUM.

     

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    15.19 WAIVER
      OF JURY TRIAL.
      EACH OF THE COMPANY, THE ADMINISTRATIVE AGENT, EACH ISSUING LENDER AND EACH
      LENDER HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING
      TO
      ENFORCE OR DEFEND ANY RIGHTS UNDER THIS AGREEMENT, ANY NOTE, ANY OTHER LOAN
      DOCUMENT AND ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR
      WHICH
      MAY IN THE FUTURE BE DELIVERED IN CONNECTION HEREWITH OR THEREWITH OR ARISING
      FROM ANY LENDING RELATIONSHIP EXISTING IN CONNECTION WITH ANY OF THE FOREGOING,
      AND AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT
      AND
      NOT BEFORE A JURY.

     

    [signature
      pages follow]

     

    74

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    The
      parties hereto have caused this Agreement to be duly executed and delivered
      by
      their duly authorized officers as of the date first set forth
      above.

     

    
      	 	 	 
	 	SEMCO
              ENERGY, INC.
	 
 	 
 	 
 
	
            	By:  	/s/ Michael
              V. Palmeri
	 	
              

            
	 	
              Title: 
                Michael Palmeri

                  
                Senior
                Vice President, Chief Financial Officer and
                Treasurer 

            

    

     

     

    75

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
       

      
        	 	 	 
	 	LASALLE
                BANK MIDWEST NATIONAL ASSOCIATION, a national banking association,
                as
                Administrative Agent, as Issuing Lender and as a
                Lender
	 
 	 
 	 
 
	
              	By:  	/s/ Gregory
                E. Castle
	 	
                

              
	 	
                    Gregory
                  E. Castle

                Title: 
                  First
                  Vice President

              

      

       

    

       

    
      
         

        
          	 	 	 
	 	NATIONAL
                  CITY BANK OF THE MIDWEST 
	 
 	 
 	 
 
	
                	By:  	/s/ Kenneth
                  R. Ehrhardt
	 	
                  

                
	 	
                  Title: 
                    SVP

                

        

         

      

         

    

    
      
        
           

          
            	 	 	 
	 	U.S.
                    BANK, N.A. 
	 
 	 
 	 
 
	
                  	By:  	/s/ Jeff
                    Janza
	 	
                    

                  
	 	
                    Title: 
                      Vice President

                  

          

           

        

           

      

    

    
      
         

        
          	 	 	 
	 	FIFTH
                  THIRD BANK, EASTERN MICHIGAN
	 
 	 
 	 
 
	
                	By:  	/s/ David
                  J. Mannarino
	 	
                  

                
	 	
                  Title: 
                    Assistant Vice President

                

        

         

      

      

        
           

          
            	 	 	 
	 	THE
                    HUNTINGTON NATIONAL BANK
	 
 	 
 	 
 
	
                  	By:  	/s/ Kevin
                    D. Szachta
	 	
                    

                  
	 	
                        Kevin
                      D. Szachta

                    Title: 
                      Vice President

                  

          

           

        

        
          

          
             

            
              	 	 	 
	 	COMERICA
                      BANK
	 
 	 
 	 
 
	
                    	By:  	/s/ Scott
                      M. Kowalski
	 	
                      

                    
	 	
                      Title: 
                        Assistant Vice President

                    

            

             

          

          
            

        

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

        
        

      

    

    ANNEX
      A

     

    LENDERS
      AND PRO RATA SHARES

     

    

    
      	
               

               

              Lender

            	
              Revolving

              Commitment

              Amount

            	
              Pro

              Rata

              Share

            
	
              LaSalle
                Bank Midwest National Association**

            	
              $32,750,000.00

            	
              27.291666667%

            
	
              National
                City Bank of the Midwest

            	
              $23,000,000.00

            	
              19.166666667%

            
	
              U.S.
                Bank, N.A.

            	
              $23,000,000.00

            	
              19.166666667%

            
	
              Fifth
                Third Bank, Eastern Michigan

            	
              $13,750,000.00

            	
              11.458333333%

            
	
              The
                Huntington National Bank

            	
              $13,750,000.00

            	
              11.458333333%

            
	
              Comerica
                Bank

            	
              $13,750,000.00

            	
              11.458333333%

            
	
               

              TOTALS

            	
               

              $120,000,000.00

            	
               

              100%

            

    

    

    

     

     

    

    

    

    

    

    ** Includes
      Swing Line Commitment Amount of $40,000,000.00.

    

    
      
         

      

      
         

        
          

        

      

      
         

        
        

      

    

    TABLE
      OF CONTENTS

     

    Pages

    

    

      
        	
                SECTION
                  1.

              	
                DEFINITIONS.

              	
                3

              
	 	
                1.1

              	
                Definitions

              	
                3

              
	 	
                1.2

              	
                Other
                  Interpretive Provisions

              	
                19

              
	 	 	 	 	 
	
                SECTION
                  2.

              	
                COMMITMENTS
                  OF THE LENDERS; BORROWING, CONVERSION AND LETTER OF CREDIT
                  PROCEDURES.

              	
                19

              
	 	
                2.1

              	
                Commitments

              	
                20

              
	 	 	
                2.1.1

              	
                Revolving
                  Loan Commitment

              	
                20

              
	 	 	
                2.1.2

              	
                Revolving
                  Commitment Optional Increase

              	
                20

              
	 	 	
                2.1.3

              	
                L/C
                  Commitment

              	
                21

              
	 	
                2.2

              	
                Loan
                  Procedures

              	
                22

              
	 	 	
                2.2.1

              	
                Various
                  Types of Loans

              	
                22

              
	 	 	
                2.2.2

              	
                Borrowing
                  Procedures

              	
                22

              
	 	 	
                2.2.3

              	
                Conversion
                  and Continuation Procedures

              	
                22

              
	 	 	
                2.2.4

              	
                Swing
                  Line Facility

              	
                23

              
	 	
                2.3

              	
                Letter
                  of Credit Procedures

              	
                25

              
	 	 	
                2.3.1

              	
                L/C
                  Applications

              	
                25

              
	 	 	
                2.3.2

              	
                Participations
                  in Letters of Credit

              	
                26

              
	 	 	
                2.3.3

              	
                Reimbursement
                  Obligations

              	
                26

              
	 	 	
                2.3.4

              	
                Existing
                  Letters of Credit

              	
                27

              
	 	 	
                2.3.5

              	
                Funding
                  by Lenders to Issuing Lenders

              	
                27

              
	 	
                2.4

              	
                Commitments
                  Several

              	
                28

              
	 	
                2.5

              	
                Certain
                  Conditions

              	
                28

              
	 	 	 	 	 
	
                SECTION
                  3.

              	
                EVIDENCING
                  OF LOANS.

              	
                28

              
	 	
                3.1

              	
                Notes

              	
                28

              
	 	
                3.2

              	
                Recordkeeping

              	
                28

              
	 	 	 	 	 
	
                SECTION
                  4.

              	
                INTEREST.

              	
                29

              
	 	
                4.1

              	
                Interest
                  Rates

              	
                29

              
	 	
                4.2

              	
                Interest
                  Payment Dates

              	
                29

              
	 	
                4.3

              	
                Setting
                  and Notice of LIBOR Rates

              	
                29

              
	 	
                4.4

              	
                Computation
                  of Interest

              	
                29

              
	 	 	 	 	 
	
                SECTION
                  5.

              	
                FEES.

              	
                30

              
	 	
                5.1

              	
                Facility
                  Fee

              	
                30

              
	 	
                5.2

              	
                Letter
                  of Credit Fees

              	
                30

              
	 	
                5.3

              	
                Administrative
                  Agent’s Fees

              	
                30

              
	 	 	 	 	 
	
                SECTION
                  6.

              	
                REDUCTION
                  OR TERMINATION OF THE REVOLVING COMMITMENT;
                  PREPAYMENTS.

              	
                30

              

         

        i 

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        
          	 	
                  6.1

                	
                  Reduction
                    or Termination of the Revolving Commitment

                	
                  30

                
	 	 	
                  6.1.1

                	
                  Voluntary
                    Reduction or Termination of the Revolving
                    Commitment

                	
                  30

                
	 	 	
                  6.1.2

                	
                  All
                    Reductions of the Revolving Commitment

                	
                  31

                
	 	
                  6.2

                	
                  Prepayments

                	
                  31

                
	 	 	
                  6.2.1

                	
                  Voluntary
                    Prepayments

                	
                  31

                
	 	 	
                  6.2.2

                	
                  Mandatory
                    Prepayments

                	
                  31

                
	 	
                  6.3

                	
                  Manner
                    or Prepayments

                	
                  31

                
	 	 	
                  6.3.1

                	
                  All
                    Prepayments

                	
                  31

                
	 	
                  6.4

                	
                  Repayments

                	
                  31

                
	 	 	 	 	 
	
                  SECTION
                    7.

                	
                  MAKING
                    AND PRORATION OF PAYMENTS; SETOFF; TAXES.

                	
                  31

                
	 	
                  7.1

                	
                  Making
                    of Payments

                	
                  31

                
	 	
                  7.2

                	
                  Application
                    of Certain Payments

                	
                  32

                
	 	
                  7.3

                	
                  Due
                    Date Extension

                	
                  32

                
	 	
                  7.4

                	
                  Setoff

                	
                  32

                
	 	
                  7.5

                	
                  Proration
                    of Payments

                	
                  32

                
	 	
                  7.6

                	
                  Taxes

                	
                  32

                
	 	 	 	 	 
	
                  SECTION
                    8.

                	
                  INCREASED
                    COSTS; SPECIAL PROVISIONS FOR LIBOR LOANS.

                	
                  34

                
	 	
                  8.1

                	
                  Increased
                    Costs

                	
                  34

                
	 	
                  8.2

                	
                  Basis
                    for Determining Interest Rate Inadequate or
                    Unfair

                	
                  35

                
	 	
                  8.3

                	
                  Changes
                    in Law Rendering LIBOR Loans Unlawful

                	
                  36

                
	 	
                  8.4

                	
                  Funding
                    Losses

                	
                  36

                
	 	
                  8.5

                	
                  Right
                    of Lenders to Fund through Other Offices

                	
                  37

                
	 	
                  8.6

                	
                  Discretion
                    of Lenders as to Manner of Funding

                	
                  37

                
	 	
                  8.7

                	
                  Mitigation
                    of Circumstances; Replacement of Lenders

                	
                  37

                
	 	
                  8.8

                	
                  Conclusiveness
                    of Statements; Survival of Provisions

                	
                  38

                
	 	 	 	 	 
	
                  SECTION
                    9.

                	
                  REPRESENTATIONS
                    AND WARRANTIES.

                	
                  38

                
	 	
                  9.1

                	
                  Organization

                	
                  38

                
	 	
                  9.2

                	
                  Authorization;
                    No Conflict

                	
                  38

                
	 	
                  9.3

                	
                  Validity
                    and Binding Nature

                	
                  38

                
	 	
                  9.4

                	
                  Financial
                    Condition

                	
                  38

                
	 	
                  9.5

                	
                  No
                    Material Adverse Change

                	
                  39

                
	 	
                  9.6

                	
                  Litigation

                	
                  39

                
	 	
                  9.7

                	
                  Ownership
                    of Properties; Liens

                	
                  39

                
	 	
                  9.8

                	
                  [Intentionally
                    Omitted]

                	
                  39

                
	 	
                  9.9

                	
                  Pension
                    Plans

                	
                  39

                
	 	
                  9.10

                	
                  Investment
                    Company Act

                	
                  39

                
	 	
                  9.11

                	
                  Public
                    Utility Holding Company Act

                	
                  40

                
	 	
                  9.12

                	
                  Regulation
                    U

                	
                  40

                
	 	
                  9.13

                	
                  Taxes;
                    Tax Shelter Registration

                	
                  40

                

           

          ii 

          
            
               

            

            
               

              
                

              

            

            
               

            

          

          
            	 	
                    9.14

                  	
                    Solvency,
                      etc.

                  	
                    40

                  
	 	
                    9.15

                  	
                    Environmental
                      Matters

                  	
                    40

                  
	 	
                    9.16

                  	
                    Insurance

                  	
                    42

                  
	 	
                    9.17

                  	
                    Intentionally
                      Omitted

                  	
                    42

                  
	 	
                    9.18

                  	
                    Information

                  	
                    42

                  
	 	
                    9.19

                  	
                    Intellectual
                      Property

                  	
                    42

                  
	 	
                    9.20

                  	
                    Intentionally
                      Omitted

                  	
                    42

                  
	 	
                    9.21

                  	
                    Labor
                      Matters

                  	
                    42

                  
	 	
                    9.22

                  	
                    No
                      Default

                  	
                    43

                  
	 	
                    9.23

                  	
                    Compliance
                      With Laws

                  	
                    43

                  
	 	 	 	 	 
	
                    SECTION
                      10.

                  	
                    AFFIRMATIVE
                      COVENANTS.

                  	
                    43

                  
	 	
                    10.1

                  	
                    Reports,
                      Certificates and Other Information

                  	
                    43

                  
	 	 	
                    10.1.1

                  	
                    Annual
                      Report

                  	
                    43

                  
	 	 	
                    10.1.2

                  	
                    Interim
                      Reports

                  	
                    43

                  
	 	 	
                    10.1.3

                  	
                    Compliance
                      Certificates

                  	
                    43

                  
	 	 	
                    10.1.4

                  	
                    Reports
                      to the SEC and to Shareholders; Regulatory Bodies

                  	
                    44

                  
	 	 	
                    10.1.5

                  	
                    Notice
                      of Default, Litigation and ERISA Matters

                  	
                    44

                  
	 	 	
                    10.1.6

                  	
                    Intentionally
                      Omitted

                  	
                    45

                  
	 	 	
                    10.1.7

                  	
                    Management
                      Reports

                  	
                    45

                  
	 	 	
                    10.1.8

                  	
                    Projections

                  	
                    45

                  
	 	 	
                    10.1.9

                  	
                    Junior
                      Capital Notices

                  	
                    45

                  
	 	 	
                    10.1.10

                  	
                    Other
                      Information

                  	
                    45

                  
	 	
                    10.2

                  	
                    Books,
                      Records and Inspections

                  	
                    45

                  
	 	
                    10.3

                  	
                    Maintenance
                      of Property; Insurance

                  	
                    46

                  
	 	
                    10.4

                  	
                    Compliance
                      with Laws; Payment of Taxes and Liabilities

                  	
                    46

                  
	 	
                    10.5

                  	
                    Maintenance
                      of Existence, etc.

                  	
                    46

                  
	 	
                    10.6

                  	
                    Use
                      of Proceeds

                  	
                    46

                  
	 	
                    10.7

                  	
                    Employee
                      Benefit Plans

                  	
                    47

                  
	 	
                    10.8

                  	
                    Environmental
                      Matters

                  	
                    47

                  
	 	
                    10.9

                  	
                    Tax
                      Shelter Registration

                  	
                    47

                  
	 	
                    10.10

                  	
                    Further
                      Assurances

                  	
                    48

                  
	 	
                    10.11

                  	
                    Deposit
                      Accounts

                  	
                    48

                  
	 	
                    10.12

                  	
                    Guaranty
                      Event

                  	
                    48

                  
	 	
                    10.13

                  	
                    Maintain
                      Debt Rating

                  	
                    48

                  
	 	
                    10.14

                  	
                    Subordinated
                      Debt

                  	
                    48

                  
	 	 	 	 	 
	
                    SECTION
                      11.

                  	
                    NEGATIVE
                      COVENANTS.

                  	
                    48

                  
	 	
                    11.1

                  	
                    Debt

                  	
                    49

                  
	 	
                    11.2

                  	
                    Liens

                  	
                    50

                  
	 	
                    11.3

                  	
                    Hedging
                      Agreements

                  	
                    51

                  
	 	
                    11.4

                  	
                    Restricted
                      Payments; Subordinated Debt

                  	
                    51

                  
	 	
                    11.5

                  	
                    Mergers,
                      Consolidations, Acquisitions, Sales

                  	
                    52

                  
	 	
                    11.6

                  	
                    [Intentionally
                      Omitted]

                  	
                    53

                  
	 	
                    11.7

                  	
                    Transactions
                      with Affiliates

                  	
                    53

                  

             

            iii 

            
              
                 

              

              
                 

                
                  

                

              

              
                 

              

            

            
              	 	
                      11.8

                    	
                      [Intentionally
                        Omitted]

                    	
                      53

                    
	 	
                      11.9

                    	
                      Inconsistent
                        Agreements

                    	
                      54

                    
	 	
                      11.10

                    	
                      Business
                        Activities; Issuance of Equity

                    	
                      54

                    
	 	
                      11.11

                    	
                      Investments

                    	
                      54

                    
	 	
                      11.12

                    	
                      Restriction
                        of Amendments to Certain Documents

                    	
                      55

                    
	 	
                      11.13

                    	
                      Fiscal
                        Year

                    	
                      55

                    
	 	
                      11.14

                    	
                      Financial
                        Covenants

                    	
                      55

                    
	 	 	
                      11.14.1

                    	
                      Minimum
                        Interest Coverage Ratio

                    	
                      55

                    
	 	 	
                      11.14.2

                    	
                      Maximum
                        Leverage Ratio

                    	
                      56

                    
	 	 	
                      11.14.3

                    	
                      Minimum
                        Consolidated Net Worth

                    	
                      56

                    
	 	
                      11.15

                    	
                      Cancellation
                        of Debt; More Favorable Terms

                    	
                      56

                    
	 	 	 	 	 
	
                      SECTION
                        12.

                    	
                      EFFECTIVENESS;
                        CONDITIONS OF LENDING, ETC.

                    	
                      57

                    
	 	
                      12.1

                    	
                      Initial
                        Credit Extension

                    	
                      57

                    
	 	 	
                      12.1.1

                    	
                      Notes

                    	
                      57

                    
	 	 	
                      12.1.2

                    	
                      Authorization
                        Documents

                    	
                      57

                    
	 	 	
                      12.1.3

                    	
                      Consents,
                        etc.

                    	
                      57

                    
	 	 	
                      12.1.4

                    	
                      Letter
                        of Direction

                    	
                      57

                    
	 	 	
                      12.1.5

                    	
                      Opinions
                        of Counsel

                    	
                      57

                    
	 	 	
                      12.1.6

                    	
                      Intentionally
                        Omitted

                    	
                      57

                    
	 	 	
                      12.1.7

                    	
                      Payment
                        of Fees

                    	
                      58

                    
	 	 	
                      12.1.8

                    	
                      Income
                        Statements, Balance Sheets and Cash Flow
                        Statements

                    	
                      58

                    
	 	 	
                      12.1.9

                    	
                      Financial
                        Statements

                    	
                      58

                    
	 	 	
                      12.1.10

                    	
                      Search
                        Results; Lien Terminations

                    	
                      58

                    
	 	 	
                      12.1.11

                    	
                      Closing
                        Certificate, Consents and Permits

                    	
                      58

                    
	 	 	
                      12.1.12

                    	
                      Other

                    	
                      58

                    
	 	
                      12.2

                    	
                      Conditions

                    	
                      58

                    
	 	 	
                      12.2.1

                    	
                      Compliance
                        with Warranties, No Default, etc.

                    	
                      58

                    
	 	 	
                      12.2.2

                    	
                      Confirmatory
                        Certificate

                    	
                      59

                    
	 	 	 	 	 
	
                      SECTION
                        13.

                    	
                      EVENTS
                        OF DEFAULT AND THEIR EFFECT.

                    	
                      59

                    
	 	
                      13.1

                    	
                      Events
                        of Default

                    	
                      59

                    
	 	 	
                      13.1.1

                    	
                      Non-Payment
                        of the Loans, etc.

                    	
                      59

                    
	 	 	
                      13.1.2

                    	
                      Non-Payment
                        of Other Debt

                    	
                      59

                    
	 	 	
                      13.1.3

                    	
                      Intentionally
                        Omitted

                    	
                      59

                    
	 	 	
                      13.1.4

                    	
                      Bankruptcy,
                        Insolvency, etc.

                    	
                      59

                    
	 	 	
                      13.1.5

                    	
                      Non-Compliance
                        with Loan Documents

                    	
                      60

                    
	 	 	
                      13.1.6

                    	
                      Representations;
                        Warranties

                    	
                      60

                    
	 	 	
                      13.1.7

                    	
                      Pension
                        Plans

                    	
                      60

                    
	 	 	
                      13.1.8

                    	
                      Judgments

                    	
                      60

                    
	 	 	
                      13.1.9

                    	
                      Intentionally
                        Omitted

                    	
                      60

                    
	 	 	
                      13.1.10

                    	
                      Invalidity
                        of Subordination Provisions, etc.

                    	
                      60

                    
	 	 	
                      13.1.11

                    	
                      Change
                        of Control

                    	
                      61

                    
	 	
                      13.2

                    	
                      Effect
                        of Event of Default

                    	
                      61

                    

               

              iv 

              
                
                   

                

                
                   

                  
                    

                  

                

                
                   

                

              

              
                	 	 	 	 	 
	
                        SECTION
                          14.

                      	
                        THE
                          AGENTS

                      	
                        61

                      
	 	
                        14.1

                      	
                        Appointment
                          and Authorization

                      	
                        61

                      
	 	
                        14.2

                      	
                        Issuing
                          Lender

                      	
                        62

                      
	 	
                        14.3

                      	
                        Delegation
                          of Duties

                      	
                        62

                      
	 	
                        14.4

                      	
                        Exculpation
                          of Administrative Agent

                      	
                        62

                      
	 	
                        14.5

                      	
                        Reliance
                          by Administrative Agent

                      	
                        63

                      
	 	
                        14.6

                      	
                        Notice
                          of Default

                      	
                        63

                      
	 	
                        14.7

                      	
                        Credit
                          Decision

                      	
                        63

                      
	 	
                        14.8

                      	
                        Indemnification

                      	
                        64

                      
	 	
                        14.9

                      	
                        Administrative
                          Agent in Individual Capacity

                      	
                        64

                      
	 	
                        14.10

                      	
                        Successor
                          Administrative Agent

                      	
                        65

                      
	 	
                        14.11

                      	
                        Intentionally
                          Omitted

                      	
                        65

                      
	 	
                        14.12

                      	
                        Administrative
                          Agent May File Proofs of Claim

                      	
                        65

                      
	 	
                        14.13

                      	
                        Other
                          Agents; Arrangers and Managers

                      	
                        66

                      
	 	 	 	 	 
	
                        SECTION
                          15.

                      	
                        GENERAL.

                      	
                        66

                      
	 	
                        15.1

                      	
                        Waiver;
                          Amendments

                      	
                        66

                      
	 	
                        15.2

                      	
                        Confirmations

                      	
                        67

                      
	 	
                        15.3

                      	
                        Notices

                      	
                        67

                      
	 	
                        15.4

                      	
                        Computations

                      	
                        67

                      
	 	
                        15.5

                      	
                        Costs,
                          Expenses and Taxes

                      	
                        68

                      
	 	
                        15.6

                      	
                        Assignments;
                          Participations

                      	
                        68

                      
	 	 	
                        15.6.1

                      	
                        Assignments

                      	
                        68

                      
	 	 	
                        15.6.2

                      	
                        Participations

                      	
                        69

                      
	 	
                        15.7

                      	
                        Register

                      	
                        69

                      
	 	
                        15.8

                      	
                        GOVERNING
                          LAW

                      	
                        70

                      
	 	
                        15.9

                      	
                        Confidentiality

                      	
                        70

                      
	 	
                        15.10

                      	
                        Severability

                      	
                        71

                      
	 	
                        15.11

                      	
                        Nature
                          of Remedies

                      	
                        71

                      
	 	
                        15.12

                      	
                        Entire
                          Agreement; Amendment and Restatement

                      	
                        71

                      
	 	
                        15.13

                      	
                        Counterparts

                      	
                        71

                      
	 	
                        15.14

                      	
                        Successors
                          and Assigns

                      	
                        71

                      
	 	
                        15.15

                      	
                        Captions

                      	
                        72

                      
	 	
                        15.16

                      	
                        INDEMNIFICATION
                          BY THE COMPANY

                      	
                        72

                      
	 	
                        15.17

                      	
                        Nonliability
                          of Lenders

                      	
                        73

                      
	 	
                        15.18

                      	
                        FORUM
                          SELECTION AND CONSENT TO JURISDICTION

                      	
                        73

                      
	 	
                        15.19

                      	
                        WAIVER
                          OF JURY TRIAL

                      	
                        74

                      

              

            

          

        

      

    

     

    v

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]