Document:

Exhibit 10.1

 

 

AMENDED
AND RESTATED

CREDIT AGREEMENT

 

 

among

 

 

IHS
INC.,

INFORMATION HANDLING SERVICES GROUP INC.,

INFORMATION HANDLING SERVICES INC.,

IHS ENERGY GROUP INC.

 

and

 

THE
FOREIGN BORROWERS NAMED HEREIN,

as Borrowers,

 

 

THE
LENDERS NAMED HEREIN,

as Lenders,

 

 

and

 

 

KEYBANK
NATIONAL ASSOCIATION,

as Lead Arranger, Sole Book Runner and
Administrative Agent,

 

U.S.
BANK NATIONAL ASSOCIATION,

as Co-Documentation Agent,

 

and

 

WELLS
FARGO BANK, NATIONAL ASSOCIATION,

as Co-Documentation Agent

 

 

dated as
of

January 6, 2005

 

 

 

 

TABLE OF
CONTENTS

 

	
  ARTICLE I. DEFINITIONS

  	
   

  
	
  Section 1.1. Definitions

  	
   

  
	
  Section 1.2.
  Accounting Terms

  	
   

  
	
  Section 1.3.
  Terms Generally

  	
   

  
	
   

  	
   

  
	
  ARTICLE II.
  AMOUNT AND TERMS OF CREDIT

  	
   

  
	
  Section 2.1.
  Amount and Nature of Credit

  	
   

  
	
  Section 2.2. Revolving
  Credit

  	
   

  
	
  Section
  2.3. Interest

  	
   

  
	
  Section
  2.4. Evidence of Indebtedness

  	
   

  
	
  Section
  2.5. Notice of Credit Event; Funding of Loans

  	
   

  
	
  Section
  2.6. Payment on Loans and Other Obligations

  	
   

  
	
  Section
  2.7. Prepayment

  	
   

  
	
  Section
  2.8. Facility and Other Fees

  	
   

  
	
  Section
  2.9. Modifications to Commitment

  	
   

  
	
  Section
  2.10. Computation of Interest and Fees

  	
   

  
	
  Section
  2.11. Mandatory Payment

  	
   

  
	
  Section
  2.12. Liability of Borrowers

  	
   

  
	
  Section
  2.13. Addition of Foreign Borrowers or Foreign Guarantors

  	
   

  
	
  Section
  2.14. Extension of Commitment

  	
   

  
	
   

  	
   

  
	
  ARTICLE III. ADDITIONAL PROVISIONS
  RELATING TO LIBOR FIXED RATE LOANS; INCREASED CAPITAL; TAXES

  	
   

  
	
  Section
  3.1. Requirements of Law

  	
   

  
	
  Section
  3.2. Taxes

  	
   

  
	
  Section
  3.3. Funding Losses

  	
   

  
	
  Section
  3.4. Eurodollar Rate or Alternate Currency Rate Lending Unlawful; Inability
  to Determine Rate

  	
   

  
	
   

  	
   

  
	
  ARTICLE IV. CONDITIONS PRECEDENT

  	
   

  
	
  Section
  4.1. Conditions to Each Credit Event

  	
   

  
	
  Section
  4.2. Conditions to the First Credit Event

  	
   

  
	
  Section
  4.3. Post-Closing Conditions

  	
   

  
	
   

  	
   

  
	
  ARTICLE V. COVENANTS

  	
   

  
	
  Section
  5.1. Insurance

  	
   

  
	
  Section
  5.2. Money Obligations

  	
   

  
	
  Section
  5.3. Financial Statements and Information

  	
   

  
	
  Section
  5.4. Financial Records

  	
   

  
	
  Section
  5.5. Franchises; Change in Business

  	
   

  
	
  Section
  5.6. ERISA Compliance

  	
   

  
	
  Section
  5.7. Financial Covenants

  	
   

  

 

i

 

	
  Section
  5.8. Borrowing

  	
   

  
	
  Section
  5.9. Liens

  	
   

  
	
  Section
  5.10. Regulations T, U and X

  	
   

  
	
  Section
  5.11. Investments, Loans and Guaranties

  	
   

  
	
  Section
  5.12. Merger and Sale of Assets

  	
   

  
	
  Section
  5.13. Acquisitions

  	
   

  
	
  Section
  5.14. Notice

  	
   

  
	
  Section
  5.15. Environmental Compliance

  	
   

  
	
  Section
  5.16. Affiliate Transactions

  	
   

  
	
  Section
  5.17. Use of Proceeds

  	
   

  
	
  Section
  5.18. Corporate Names

  	
   

  
	
  Section
  5.19. Restricted Payments

  	
   

  
	
  Section
  5.20. Subsidiary Guaranties

  	
   

  
	
  Section
  5.21. Restrictive Agreements

  	
   

  
	
  Section
  5.22. Amendment of Organizational Documents

  	
   

  
	
  Section
  5.23. Negative Pledge on IHS Stock

  	
   

  
	
   

  	
   

  
	
  ARTICLE VI. REPRESENTATIONS AND
  WARRANTIES

  	
   

  
	
  Section
  6.1. Corporate Existence; Subsidiaries; Foreign Qualification

  	
   

  
	
  Section
  6.2. Corporate Authority

  	
   

  
	
  Section
  6.3. Compliance with Laws and Contracts

  	
   

  
	
  Section
  6.4. Litigation and Administrative Proceedings

  	
   

  
	
  Section
  6.5. Title to Assets

  	
   

  
	
  Section
  6.6. Liens and Security Interests

  	
   

  
	
  Section
  6.7. Tax Returns

  	
   

  
	
  Section
  6.8. Environmental Laws

  	
   

  
	
  Section
  6.9. Continued Business

  	
   

  
	
  Section
  6.10. Employee Benefits Plans

  	
   

  
	
  Section
  6.11. Consents or Approvals

  	
   

  
	
  Section
  6.12. Solvency

  	
   

  
	
  Section
  6.13. Financial Statements

  	
   

  
	
  Section
  6.14. Regulations

  	
   

  
	
  Section
  6.15. Material Agreements

  	
   

  
	
  Section
  6.16. Intellectual Property

  	
   

  
	
  Section
  6.17. Insurance

  	
   

  
	
  Section
  6.18. Accurate and Complete Statements

  	
   

  
	
  Section
  6.19. Investment Company; Holding Company

  	
   

  
	
  Section
  6.20. Defaults

  	
   

  
	
   

  	
   

  
	
  ARTICLE VII.
  EVENTS OF DEFAULT

  	
   

  
	
  Section
  7.1. Payments

  	
   

  
	
  Section
  7.2. Special Covenants

  	
   

  
	
  Section
  7.3. Other Covenants

  	
   

  

 

ii

 

	
  Section
  7.4. Representations and Warranties

  	
   

  
	
  Section
  7.5. Cross Default

  	
   

  
	
  Section
  7.6. ERISA Default

  	
   

  
	
  Section
  7.7. Change in Control

  	
   

  
	
  Section
  7.8. Money Judgment

  	
   

  
	
  Section
  7.9. Material Adverse Change

  	
   

  
	
  Section
  7.10. Validity of Loan Documents

  	
   

  
	
  Section
  7.11. Discontinue Business

  	
   

  
	
  Section
  7.12. Solvency of Certain Companies

  	
   

  
	
  Section
  7.13. Solvency

  	
   

  
	
   

  	
   

  
	
  ARTICLE VIII.
  REMEDIES UPON DEFAULT

  	
   

  
	
  Section
  8.1. Optional Defaults

  	
   

  
	
  Section
  8.2. Automatic Defaults

  	
   

  
	
  Section
  8.3. Letters of Credit

  	
   

  
	
  Section
  8.4. Offsets

  	
   

  
	
  Section
  8.5. Equalization Provision

  	
   

  
	
  Section
  8.6. Other Remedies

  	
   

  
	
   

  	
   

  
	
  ARTICLE IX. THE AGENT

  	
   

  
	
  Section
  9.1. Appointment and Authorization

  	
   

  
	
  Section
  9.2. Note Holders

  	
   

  
	
  Section
  9.3. Consultation With Counsel

  	
   

  
	
  Section
  9.4. Documents

  	
   

  
	
  Section
  9.5. Agent and Affiliates

  	
   

  
	
  Section
  9.6. Knowledge of Default

  	
   

  
	
  Section
  9.7. Action by Agent

  	
   

  
	
  Section
  9.8. Notice of Default

  	
   

  
	
  Section
  9.9. Release of Guarantor of Payment

  	
   

  
	
  Section
  9.10. Indemnification of Agent

  	
   

  
	
  Section
  9.11. Successor Agent

  	
   

  
	
  Section
  9.12. Other Agents

  	
   

  
	
   

  	
   

  
	
  ARTICLE X. MISCELLANEOUS

  	
   

  
	
  Section
  10.1. Lenders’ Independent Investigation

  	
   

  
	
  Section
  10.2. No Waiver; Cumulative Remedies

  	
   

  
	
  Section
  10.3. Amendments, Consents

  	
   

  
	
  Section
  10.4. Notices

  	
   

  
	
  Section
  10.5. Costs, Expenses and Taxes

  	
   

  
	
  Section
  10.6. Indemnification

  	
   

  
	
  Section
  10.7. Obligations Several; No Fiduciary Obligations

  	
   

  
	
  Section
  10.8. Execution in Counterparts

  	
   

  
	
  Section
  10.9. Binding Effect; Borrowers’ Assignment

  	
   

  

 

iii

 

	
  Section
  10.10. Lender Assignments

  	
   

  
	
  Section
  10.11. Sale of Participations

  	
   

  
	
  Section
  10.12. Patriot Act Notice

  	
   

  
	
  Section
  10.13. Severability of Provisions; Captions; Attachments

  	
   

  
	
  Section
  10.14. Entire Agreement

  	
   

  
	
  Section
  10.15. Legal Representation of Parties

  	
   

  
	
  Section
  10.16. Currency

  	
   

  
	
  Section
  10.17. Governing Law; Submission to Jurisdiction

  	
   

  
	
  Section
  10.18. Jury Trial Waiver

  	
   

  

 

	
  Exhibit A

  	
   

  	
  Form of U.S. Borrower Revolving Credit Note

  
	
  Exhibit B

  	
   

  	
  Form of Foreign Borrower Revolving Credit
  Note

  
	
  Exhibit C

  	
   

  	
  Form of Swing Line Note

  
	
  Exhibit D

  	
   

  	
  Form of Notice of Loan

  
	
  Exhibit E

  	
   

  	
  Form of Compliance Certificate

  
	
  Exhibit F

  	
   

  	
  Form of Assignment and Acceptance Agreement

  
	
  Exhibit G

  	
   

  	
  Form of Foreign Borrower Assumption Agreement

  
	
  Exhibit H

  	
   

  	
  Form of Request for Extension

  
	
   

  	
   

  	
   

  
	
  Schedule 1

  	
   

  	
  Commitment of Lenders

  
	
  Schedule 2

  	
   

  	
  Foreign Borrowers

  
	
  Schedule 2.2

  	
   

  	
  Existing Letters of Credit

  
	
  Schedule 3

  	
   

  	
  Guarantors of Payment

  
	
  Schedule 4

  	
   

  	
  Additional Foreign Borrower Maximum Amount

  
	
  Schedule 5.8

  	
   

  	
  Indebtedness

  
	
  Schedule 5.9

  	
   

  	
  Liens

  
	
  Schedule 5.11

  	
   

  	
  Foreign Subsidiary Loans and Investments

  
	
  Schedule 5.12

  	
   

  	
  Disposition of Assets

  
	
  Schedule 5.20

  	
   

  	
  Joint Venture Subsidiaries

  
	
  Schedule 6.1

  	
   

  	
  Corporate Existence; Subsidiaries

  
	
  Schedule 6.4

  	
   

  	
  Litigation and Administrative Proceedings

  
	
  Schedule 6.8

  	
   

  	
  Environmental Litigation

  
	
  Schedule 6.10

  	
   

  	
  Employee Benefit Plans

  
	
  Schedule 6.15

  	
   

  	
  Material Agreements

  
	
  Schedule 6.17

  	
   

  	
  Insurance

  

 

iv

 

This AMENDED AND RESTATED CREDIT AGREEMENT (as the
same may from time to time be amended, restated or otherwise modified, this
“Agreement”) is made effective as of the 6thday of January, 2005, among: 

 

(a)           IHS
INC., formerly known as IHS Group Inc. and HAIC Inc., a Delaware corporation
(“IHS”); 

 

(b)           INFORMATION
HANDLING SERVICES GROUP INC., a Delaware corporation (“IHS Group”); 

 

(c)           INFORMATION
HANDLING SERVICES INC., a Delaware corporation (“IHS Services”); 

 

(d)           IHS
ENERGY GROUP INC., a Delaware corporation (“IHS Energy” and, together with IHS,
IHS Group and IHS Services, collectively, “US Borrowers” and, individually,
each a “US Borrower”); 

 

(e)           each
Foreign Borrower, as hereinafter defined (each such Foreign Borrower, together
with each US Borrower shall be referred to herein, collectively, as “Borrowers”
and, individually, each a “Borrower”); 

 

(f)            the
lenders listed on Schedule 1 hereto and each other Eligible Transferee,
as hereinafter defined, that becomes a party hereto pursuant to Section 2.9(b)
or 10.10 hereof (collectively, the “Lenders” and, individually, each a
“Lender”); 

 

(g)           KEYBANK
NATIONAL ASSOCIATION, as lead arranger, sole book runner and administrative
agent for the Lenders under this Agreement (“Agent”); 

 

(h)           U.S.
BANK NATIONAL ASSOCIATION, as co-documentation agent (“Co-Documentation
Agent”); and 

 

(i)            WELLS
FARGO BANK, NATIONAL ASSOCIATION, as co-documentation agent (“Co-Documentation
Agent”). 

 

WITNESSETH: 

 

WHEREAS, IHS Group, IHS Services, IHS Energy, each of
the foreign borrowers named therein, the lenders named therein and Key
Corporate Capital Inc. entered into that certain Credit Agreement, dated as of
October 22, 2002 (as amended, the “Original Credit Agreement”); 

 

WHEREAS, Key Corporate Capital Inc. has assigned all
of its rights and obligations as agent under the Original Credit Agreement and
all related documentation to KeyBank National Association, as agent, and all of
its rights and obligations as a Lender under the Original Credit Agreement to
KeyBank National Association, as a lender; 

 

 

WHEREAS, this
Agreement amends and restates in its entirety the Original Credit Agreement
and, upon the effectiveness of this Agreement, on the Closing Date, the terms
and provisions of the Original Credit Agreement shall be superseded hereby. All
references to “Credit Agreement” contained in the Loan Documents, as defined in
the Original Credit Agreement, delivered in connection with the Original Credit
Agreement shall be deemed to refer to this Agreement. Notwithstanding the
amendment and restatement of the Original Credit Agreement by this Agreement,
the Debt outstanding under the Original Credit Agreement as of the Closing Date
shall remain outstanding and constitute Obligations hereunder. Such outstanding
Obligations and the guaranties of payment thereof shall in all respects be
continuing, and this Agreement shall not be deemed to evidence or result in a
novation or repayment and re-borrowing of such Obligations. In furtherance of
and, without limiting the foregoing, from and after the Closing Date and except
as expressly specified herein, the terms, conditions, and covenants governing
the Indebtedness outstanding under the Original Credit Agreement shall be solely
as set forth in this Agreement, which shall supersede the Original Credit
Agreement in its entirety; and

 

WHEREAS,
Borrowers, Agent and the Lenders desire to contract for the establishment of
credits in the aggregate principal amounts hereinafter set forth, to be made
available to Borrowers upon the terms and subject to the conditions hereinafter
set forth; 

 

NOW,
THEREFORE, it is mutually agreed as follows:

 

ARTICLE I.
DEFINITIONS

 

Section 1.1. Definitions.
As used in this Agreement, the following terms shall have the following
meanings:

 

“Acquisition”
shall mean 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 any Person (other than a Company), or any
business or division of any Person (other than a Company), (b) the acquisition
of in excess of fifty percent (50%) of the stock (or other equity interest) of
any Person (other than a Company), or (c) the acquisition of another Person (other
than a Company) by a merger, amalgamation or consolidation or any other
combination with such Person.

 

“Additional
Commitment” shall mean that term as defined in Section 2.9(b) hereof.

 

“Additional
Foreign Borrower Maximum Amount” shall mean that term as defined in Section
2.13(a) hereof.

 

“Additional
Foreign Guarantor Maximum Amount” shall mean that term as defined in Section
2.13(b) hereof.

 

“Additional
Lender” shall mean an Eligible Transferee that shall become a Lender during the
Commitment Increase Period pursuant to Section 2.9(b) hereof. 

 

2

 

“Additional
Lender Assumption Agreement” shall mean an additional lender assumption
agreement, in form and substance satisfactory to Agent, wherein an Additional
Lender shall become a Lender.

 

“Additional
Lender Assumption Effective Date” shall mean that term as defined in Section
2.9(b) hereof.

 

“Administrative
Borrower” shall mean IHS.

 

“Advantage”
shall mean any payment (whether made voluntarily or involuntarily, by offset of
any deposit or other indebtedness or otherwise) received by any Lender in
respect of the Obligations, if such payment results in that Lender having less
than its pro rata share (based upon its Commitment Percentage) of the Obligations
then outstanding.

 

“Affiliate”
shall mean any Person, directly or indirectly, controlling, controlled by or
under common control with a Company and “control” (including the correlative
meanings, the terms “controlling”, “controlled by” and “under common control
with”) shall mean the power, directly or indirectly, to direct or cause the
direction of the management and policies of a Company, whether through the
ownership of voting securities, by contract or otherwise.

 

“Agent Fee
Letter” shall mean the Agent Fee Letter among US Borrowers and Agent, dated as
of the Closing Date, as the same may from time to time be amended, restated or
otherwise modified.

 

“Alternate
Currency” shall mean Euros, Pounds Sterling, Swiss Francs, Canadian Dollars,
Japanese Yen or any other currency, other than Dollars, agreed to by Agent that
shall be freely transferable and convertible into Dollars.

 

“Alternate
Currency Exposure” shall mean, at any time and without duplication, the sum of
the Dollar Equivalent of (a) the aggregate principal amount of Alternate
Currency Loans outstanding, and (b) the Letter of Credit Exposure that is
denominated in one or more Alternate Currencies.

 

“Alternate
Currency Loan” shall mean a Loan described in Section 2.2 hereof that shall be
denominated in an Alternate Currency and on which Borrowers shall pay interest
at a rate based upon the Alternate Currency Rate applicable to such Alternate
Currency.

 

“Alternate
Currency Maximum Amount” shall mean Fifty Million Dollars ($50,000,000).

 

“Alternate
Currency Rate” shall mean, with respect to an Alternate Currency Loan, for any
Interest Period, a rate per annum equal to the quotient obtained (rounded
upwards, if necessary, to the nearest 1/16thof 1%) by dividing (a) the rate of
interest, determined by Agent in accordance with its usual procedures (which
determination shall be conclusive absent manifest error) as of approximately
11:00 A.M. (London time) three Business Days prior to the beginning of such
Interest Period pertaining to such Alternate Currency Loan, as listed on
British Bankers

 

3

 

Association Interest Rate LIBOR
01 or 02 as provided by Reuters (or, if for any reason such rate is unavailable
from Reuters, from any other similar company or service that provides rate
quotations comparable to those currently provided by Reuters) as the rate in
the London interbank market for deposits in the relevant Alternate Currency in
immediately available funds with a maturity comparable to such Interest Period,
provided that, in the event that such rate quotation is not available for any
reason, then the Alternate Currency Rate shall be the average (rounded upward
to the nearest 1/16th of 1%) of the per annum rates at
which deposits in immediately available funds in the relevant Alternate
Currency for the relevant Interest Period and in the amount of the Alternate
Currency Loan to be disbursed or to remain outstanding during such Interest
Period, as the case may be, are offered to Agent (or an affiliate of Agent, in
Agent’s discretion) by prime banks in any Alternate Currency market reasonably
selected by Agent, determined as of 11:00 A.M. (London time) (or as soon
thereafter as practicable), three Business Days prior to the beginning of the
relevant Interest Period pertaining to such Alternate Currency Loan hereunder;
by (b) 1.00 minus the Reserve Percentage.

 

“Applicable
Facility Fee Rate” shall mean:

 

(a)           for the period from
the Closing Date through February 28, 2005, fifteen (15.00) basis points; and

 

(b)           commencing with the
Consolidated financial statements of IHS for the fiscal quarter ending November
30, 2004, the number of basis points set forth in the following matrix, based
upon the result of the computation of the Leverage Ratio, shall be used to
establish the number of basis points that will go into effect on March 1, 2005
and thereafter:

 

	
  Leverage Ratio

  	
   

  	
  Applicable Facility Fee Rate

  
	
  Greater than
  or equal to 1.00 to 1.00

  	
   

  	
  25.00 basis points

  
	
  Less than
  1.00 to 1.00

  	
   

  	
  15.00 basis points

  

 

After March 1, 2005, changes to
the Applicable Facility Fee Rate shall be effective on the first day of each
month following the date upon which Agent should have received, pursuant to
Section 5.3(a) or (b) hereof, the financial statements of the Companies. The
above matrix does not modify or waive, in any respect, the requirements of
Section 5.7 hereof, the rights of Agent and the Lenders to charge the Default
Rate, or the rights and remedies of Agent and the Lenders pursuant to Articles
VII and VIII hereof.

 

“Applicable
Margin” shall mean:

 

(a)           for the period from
the Closing Date through February 28, 2005, seventy-five (75.00) basis points;
and

 

(b)           commencing with the
Consolidated financial statements of IHS for the fiscal quarter ending November
30, 2004, the number of basis points set forth in the following matrix, based
upon the result of the computation of the Leverage Ratio, shall 

 

4

 

be used to
establish the number of basis points that will go into effect on March 1, 2005
and thereafter:

 

	
  Leverage Ratio

  	
   

  	
  Applicable Margin

  
	
  Greater than
  or equal to 2.00 to 1.00

  	
   

  	
  160.00 basis points

  
	
  Greater than
  or equal to 1.50 to 1.00 but less than 2.00 to 1.00

  	
   

  	
  137.50 basis points

  
	
  Greater than
  or equal to 1.00 to 1.00 but less than 1.50 to 1.00

  	
   

  	
  125.00 basis points

  
	
  Greater than
  or equal to .50 to 1.00 but less than 1.00 to 1.00

  	
   

  	
  100.00 basis points

  
	
  Less than
  .50 to 1.00

  	
   

  	
  75.00 basis points

  

 

After March 1, 2005, changes to
the Applicable Margin shall be effective on the first day of each month
following the date upon which Agent should have received, pursuant to Section
5.3(a) or (b) hereof, the financial statements of the Companies. The above
matrix does not modify or waive, in any respect, the requirements of Section
5.7 hereof, the rights of Agent and the Lenders to charge the Default Rate, or
the rights and remedies of Agent and the Lenders pursuant to Articles VII and
VIII hereof.

 

“Assignment
Agreement” shall mean an Assignment and Acceptance Agreement in the form of the
attached Exhibit F.

 

“Authorized
Officer” shall mean a Financial Officer or other individual authorized by a
Financial Officer in writing (with a copy to Agent) to handle certain
administrative matters in connection with this Agreement.

 

“Base Rate”
shall mean a rate per annum equal to the greater of (a) the Prime Rate or (b)
one-half of one percent (.50%) in excess of the Federal Funds Effective Rate.
Any change in the Base Rate shall be effective immediately from and after such
change in the Base Rate.

 

“Base Rate Loan”
shall mean a Revolving Loan described in Section 2.2(a) hereof, that shall be
denominated in Dollars and on which Borrowers shall pay interest at a rate
based on the Base Rate.

 

“Business Day”
shall mean any day that is not a Saturday, Sunday or other day on which
national banks are authorized or required to close, and, if the applicable
Business Day relates to a Eurodollar Loan, a day of the year on which dealings
in deposits are carried on in the London interbank Eurodollar market and, if
the applicable Business Day relates to an Alternate Currency Loan, a day of the
year on which dealings in deposits are carried on in the relevant Alternate
Currency.

 

“Capital
Distribution” shall mean a payment made, liability incurred or other
consideration given by a Company to any Person that is not a Company, for the
purchase,

 

5

 

acquisition, redemption,
repurchase or retirement of any capital stock or other equity interest of such
Company or as a dividend, return of capital or other distribution (other than
any stock dividend, stock split or other equity distribution payable only in
capital stock or other equity of such Company) in respect of such Company’s
capital stock or other equity interest; provided, however, that Capital
Distribution shall exclude (a) the purchase of capital stock or other equity
interest in order to effect, or as a negotiated provision with respect to, an
Acquisition and (b) the purchase (in an arms-length transaction for no greater
than fair market value) by a Company of the minority interest of a Company
other than IHS.

 

“Capitalized
Lease Obligations” shall mean obligations of the Companies for the payment of
rent for any real or personal property under leases or agreements to lease
that, in accordance with GAAP, have been or should be capitalized on the books
of the lessee and, for purposes hereof, the amount of any such obligation shall
be the capitalized amount thereof determined in accordance with GAAP.

 

“Change in
Control” shall mean (a) at any time prior to the IHS IPO, if TBG Holdings N.V.
and the Current Holder Group shall cease to own, directly or indirectly, at
least sixty six and two thirds percent (66 2/3%) of the record and beneficial
ownership of IHS; (b) the acquisition of, or, if earlier, the shareholder or
director approval of the acquisition of, ownership or voting control, directly
or indirectly, beneficially or of record, on or after the Closing Date, by any
Person or group (within the meaning of Rule 13d-3 of the SEC under the
Securities Exchange Act of 1934, as then in effect), other than the Current
Holder Group, of shares representing more than thirty-three percent (33%) (or,
after the IHS IPO, twenty-five percent (25%)) of the aggregate ordinary Voting
Power represented by the issued and outstanding capital stock of IHS; (c) if
IHS shall cease to own, directly or indirectly, one hundred percent (100%) of
the record an beneficial ownership of each other Borrower; (d) the occupation
of a majority of the seats (other than vacant seats) on the board of directors
or other governing body of IHS by Persons who were neither (i) nominated by the
board of directors or other governing body of such Borrower nor (ii) appointed
by directors so nominated or elected by a majority of shareholders; or (e) the
occurrence of a change in control, or other similar provision, as defined in
any Material Indebtedness Agreement.

 

“Closing
Commitment Amount” shall mean One Hundred Twenty-Five Million Dollars
($125,000,000).

 

“Closing Date”
shall mean the effective date of this Agreement as set forth in the first
paragraph of this Agreement.

 

“Closing Fee
Letter” shall mean the Closing Fee Letter among US Borrowers and Agent, dated
as of the Closing Date.

 

“Code” shall
mean the Internal Revenue Code of 1986, as amended, together with the rules and
regulations promulgated thereunder.

 

6

 

“Commitment”
shall mean the obligation hereunder of the Lenders, during the Commitment
Period, to make Loans and to participate in the issuance of Letters of Credit
pursuant to the Revolving Credit Commitments, up to the Total Commitment
Amount.

 

“Commitment
Increase Period” shall mean the period from the Closing Date to the date that
is three months prior to the last day of the Commitment Period.

 

“Commitment
Percentage” shall mean, for each Lender, the percentage set forth opposite such
Lender’s name under the column headed “Commitment Percentage”, as listed in Schedule
1 hereto.

 

“Commitment
Period” shall mean the period from the Closing Date to January 5, 2010, or such
earlier date on which the Commitment shall have been terminated pursuant to
Article VIII hereof.

 

“Companies”
shall mean all Borrowers and Subsidiaries.

 

“Company”
shall mean a Borrower or Subsidiary.

 

“Compliance
Certificate” shall mean a certificate in the form of the attached Exhibit E.

 

“Confirmation
of Guaranty of Payment” shall mean each Confirmation of Guaranty of Payment of
Debt executed and delivered on or after the Closing Date in connection with this
Agreement by a Foreign Guarantor of Payment, as the same may from time to time
be amended, restated or otherwise modified.

 

“Consolidated”
shall mean the resultant consolidation of the financial statements of IHS and
its Subsidiaries in accordance with GAAP, including principles of consolidation
consistent with those applied in preparation of the consolidated financial
statements referred to in Section 6.13 hereof.

 

“Consolidated
Capital Expenditures” shall mean, for any period, the amount of capital expenditures
of IHS, as determined on a Consolidated basis and in accordance with GAAP.

 

“Consolidated
Depreciation and Amortization Charges” shall mean, for any period, the
aggregate of all depreciation and amortization charges for fixed assets,
leasehold improvements and general intangibles (specifically including
goodwill) of IHS for such period, as determined on a Consolidated basis and in
accordance with GAAP.

 

“Consolidated
EBITDA” shall mean, for any period, as determined on a Consolidated basis and in
accordance with GAAP, Consolidated Net Earnings for such period plus the
aggregate amounts deducted in determining such Consolidated Net Earnings in
respect of (a) Consolidated Interest Expense, (b) Consolidated Income Tax
Expense, (c) Consolidated Depreciation and Amortization Charges, (d) non-cash
or cash non-recurring charges or expenses in connection with the buyout of
stock options plan of IHS Group Inc. and in connection with options, restricted
stock or other equity level awards under any IHS incentive plan, and (e) (i)

 

7

 

non-cash losses or charges
(including charges incurred pursuant to the refinancing of the credit facility
entered into in connection with the Original Credit Agreement) that are unusual
or non-recurring, minus (ii) extraordinary or unusual one time gains; provided
that, for purposes of calculating the Leverage Ratio and the Fixed Charge
Coverage Ratio, a pro forma calculation of Consolidated EBITDA shall be made
and included in the calculation for Threshold EBITDA Acquisitions made during
such period.

 

“Consolidated
Fixed Charges” shall mean, for any period, as determined on a Consolidated
basis and in accordance with GAAP, without duplication, the aggregate of (a)
Consolidated Interest Expense (including, without limitation, the “imputed
interest” portion of Capitalized Lease Obligations, synthetic leases and asset
securitizations, if any), (b) rent expenses, (c) Consolidated Income Tax
Expense (excluding any such Consolidated Income Tax Expense (i) associated with
dividends of Extruded Metals preferred stock, or (ii) paid with respect to
extraordinary or unusual one time gains that were excluded from the calculation
of Consolidated EBITDA) paid in cash (net of cash tax refunds received, but in
no event to exceed the Consolidated Income Tax Expense for such period), (d)
current maturities of long term Indebtedness (excluding the Loans), (e)
Restricted Payments (excluding the dividend of the preferred stock of Extruded
Metals and the non-recurring cash charges in connection with the buyout of the
stock and option plans of IHS Group Inc.), and (f) Consolidated Capital
Expenditures.

 

“Consolidated
Funded Indebtedness” shall mean, at any date, all Indebtedness (other than net
obligations under any Hedge Agreement), including, but not limited to, current,
long-term and Subordinated Indebtedness, if any, of IHS, as determined on a
Consolidated basis and in accordance with GAAP.

 

“Consolidated
Income Tax Expense” shall mean, for any period, all provisions for taxes paid
or payable based on the gross or net income of IHS (including, without
limitation, any additions to such taxes, and any penalties and interest with
respect thereto), and all franchise taxes of IHS, as determined on a
Consolidated basis and in accordance with GAAP.

 

“Consolidated
Interest Expense” shall mean, for any period, the interest expense of IHS for
such period, as determined on a Consolidated basis and in accordance with GAAP.

 

“Consolidated
Net Earnings” shall mean, for any period, the net income (loss) of IHS for such
period, as determined on a Consolidated basis and in accordance with GAAP.

 

“Consolidated
Net Worth” shall mean, at any date, the stockholders’ equity of IHS, determined
as of such date on a Consolidated basis and in accordance with GAAP.

 

“Controlled
Group” shall mean a Company and each Person required to be aggregated with a
Company under Code Section 414(b), (c), (m) or (o).

 

“Credit Event”
shall mean the making by the Lenders of a Loan, the conversion by the Lenders
of a Base Rate Loan to a Eurodollar Loan, the continuation by the Lenders of a

 

8

 

Eurodollar Loan after the end
of the applicable Interest Period, the making by the Swing Line Lender of a
Swing Loan, or the issuance by the Fronting Lender of a Letter of Credit.

 

“Credit Party”
shall mean each Borrower and any Subsidiary or other Affiliate that is a
Guarantor of Payment.

 

“Current
Holder Group” shall mean (a) that certain trust that is the sole shareholder of
TBG Holdings N.V. as of the Closing Date (the “Trust”), and (b) other trusts
whose beneficiary or beneficiaries are the beneficiaries (as of the Closing
Date) of the Trust.

 

“Default”
shall mean an event or condition that constitutes, or with the lapse of any
applicable grace period or the giving of notice or both would constitute, an
Event of Default, and that has not been waived by the Required Lenders (or, if
applicable, all of the Lenders) in writing.

 

“Default Rate”
shall mean (a) with respect to any Loan, a rate per annum equal to two percent
(2%) in excess of the rate otherwise applicable thereto, and (b) with respect
to any other amount, if no rate is specified or available, a rate per annum
equal to two percent (2%) in excess of the Base Rate from time to time in
effect.

 

“Derived LIBOR
Fixed Rate” shall mean (a) with respect to a Eurodollar Loan, a rate per annum
equal to the sum of the Applicable Margin (from time to time in effect) plus
the Eurodollar Rate, and (b) with respect to an Alternate Currency Loan, a rate
per annum equal to the sum of the Applicable Margin (from time to time in
effect) plus the Alternate Currency Rate applicable to the relevant Alternate
Currency.

 

“Derived Swing
Loan Rate” shall mean a rate per annum equal to (a) Agent’s cost of funds as
quoted to Administrative Borrower by Agent and agreed to by Administrative
Borrower, plus (b) the Applicable Margin (from time to time in effect).

 

“Disposition”
shall mean the lease, transfer or other disposition of assets (whether in one
or more than one transaction) by a Company, other than a sale, lease, transfer
or other disposition made by a Company pursuant to Section 5.12 hereof or in
the ordinary course of business.

 

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

 

“Dollar
Equivalent” shall mean (a) with respect to an Alternate Currency Loan or Letter
of Credit denominated in an Alternate Currency, the Dollar equivalent of the
amount of such Alternate Currency Loan or Letter of Credit determined by Agent
on the basis of its spot rate at approximately 11:00 A.M. London time on the
date three Business Days before the date of such Alternate Currency Loan, for
the purchase of the relevant Alternate Currency with Dollars for delivery on
the date of such Alternate Currency Loan or Letter of Credit, and (b) with
respect to any other amount, if such amount is denominated in Dollars, then
such amount in Dollars and, otherwise the Dollar equivalent of such amount,
determined by Agent on the basis of its spot rate at approximately 11:00 A.M.
London time on the date for which the Dollar equivalent amount of such amount
is being determined, for the purchase of the relevant Alternate Currency with

 

9

 

Dollars for delivery on such
date; provided, however, that, in calculating the Dollar Equivalent for
purposes of determining (i) any Borrower’s obligation to prepay Loans and
Letters of Credit pursuant to Section 2.11 hereof, or (ii) any Borrower’s
ability to request additional Loans or Letters of Credit pursuant to the
Commitment, Agent may, in its discretion, on any Business Day selected by Agent
(prior to payment in full of the Obligations), calculate the Dollar Equivalent
of each such Loan or Letter of Credit. Agent shall notify Borrowers of the
Dollar Equivalent of such Alternate Currency Loan or any other amount, at the
time that such Dollar Equivalent shall have been determined.

 

“Domestic
Guarantor of Payment” shall mean each of the Companies designated a “Domestic
Guarantor of Payment” on Schedule 3 hereto, each of which is executing
and delivering a Guaranty of Payment on the Closing Date, and any other
Domestic Subsidiary that shall deliver a Guaranty of Payment to Agent
subsequent to the Closing Date.

 

“Domestic
Subsidiary” shall mean a Subsidiary that is not a Foreign Subsidiary.

 

“Dormant
Subsidiary” shall mean a Company that (a) is not a Credit Party, (b) has
aggregate assets of less than Fifty Thousand Dollars ($50,000), and (c) has no
direct or indirect Subsidiaries with aggregate assets for all such Subsidiaries
of more than Fifty Thousand Dollars ($50,000).

 

“EBITDA” shall
mean, for any period, in accordance with GAAP, the net earnings of a Company
(without giving effect to extraordinary losses or gains) for such period plus
the aggregate amounts deducted in determining such net earnings in respect of
(a) interest expense of such Company, (b) income taxes of such Company and (c)
the aggregate of all depreciation and amortization charges of such Company.

 

“Eligible
Transferee” shall mean a commercial bank, financial institution or other
“accredited investor” (as defined in SEC Regulation D) that is not a Borrower,
a Subsidiary or an Affiliate.

 

“Environmental
Laws” shall mean all provisions of law, statutes, ordinances, rules,
regulations, permits, licenses, judgments, writs, injunctions, decrees, orders,
awards and standards promulgated by a Governmental Authority concerning
environmental health or safety and protection of, or regulation of the discharge
of substances into, the environment.

 

“ERISA” shall
mean the Employee Retirement Income Security Act of 1974, as amended from time
to time, and the regulations promulgated pursuant thereto.

 

“ERISA Event”
shall mean (a) the existence of a condition or event with respect to an ERISA
Plan that presents a risk of the imposition of an excise tax or any other
liability on a Company or of the imposition of a Lien on the assets of a
Company; (b) the engagement by a Controlled Group member in a non-exempt “prohibited
transaction” (as defined under ERISA Section 406 or Code Section 4975) or a
breach of a fiduciary duty under ERISA that could result in liability to a
Company; (c) the application by a Controlled Group member for a waiver from the
minimum funding requirements of Code Section 412 or ERISA Section 302 or a
Controlled

 

10

 

Group member is required to
provide security under Code Section 401(a)(29) or ERISA Section 307; (d) the
occurrence of a Reportable Event with respect to any Pension Plan as to which
notice is required to be provided to the PBGC; (e) the withdrawal by a
Controlled Group member from a Multiemployer Plan in a “complete withdrawal” or
a “partial withdrawal” (as such terms are defined in ERISA Sections 4203 and
4205, respectively); (f) the involvement of, or occurrence or existence of any
event or condition that makes likely the involvement of, a Multiemployer Plan
in any reorganization under ERISA Section 4241; (g) the failure of an ERISA Plan
(and any related trust) that is intended to be qualified under Code Sections
401 and 501 to be so qualified or the failure of any “cash or deferred
arrangement” under any such ERISA Plan to meet the requirements of Code Section
401(k); (h) the taking by the PBGC of any steps to terminate a Pension Plan or
appoint a trustee to administer a Pension Plan, or the taking by a Controlled
Group member of any steps to terminate a Pension Plan; (i) the failure by a
Controlled Group member or an ERISA Plan to satisfy any requirements of law
applicable to an ERISA Plan; (j) the commencement, existence or threatening of
a claim, action, suit, audit or investigation with respect to an ERISA Plan,
other than a routine claim for benefits; or (k) any incurrence by or any expectation
of the incurrence by a Controlled Group member of any liability for
post-retirement benefits under any Welfare Plan, other than (i) as required by
ERISA Section 601, et.  seq. or Code Section 4980B or (ii)
anticipated by IHS in the ordinary course of business.

 

“ERISA Plan”
shall mean an “employee benefit plan” (within the meaning of ERISA Section
3(3)) that a Controlled Group member at any time sponsors, maintains,
contributes to, has liability with respect to or has an obligation to
contribute to such plan.

 

“Eurocurrency
Liabilities” shall have the meaning assigned to that term in Regulation D of
the Board of Governors of the Federal Reserve System, as in effect from time to
time.

 

“Eurodollar”
shall mean a Dollar denominated deposit in a bank or branch outside of the
United States.

 

“Eurodollar
Loan” shall mean a Revolving Loan described in Section 2.2(a) hereof, that
shall be denominated in Dollars and on which Borrowers shall pay interest at a
rate based upon the Derived LIBOR Fixed Rate applicable to Eurodollar Loans.

 

“Eurodollar
Rate” shall mean, with respect to a Eurodollar Loan, for any Interest Period, a
rate per annum equal to the quotient obtained (rounded upwards, if necessary,
to the nearest 1/16thof
1%) by dividing (a) the rate of interest, determined by Agent in accordance
with its usual procedures (which determination shall be conclusive absent
manifest error) as of approximately 11:00 A.M. (London time) three Business
Days prior to the beginning of such Interest Period pertaining to such
Eurodollar Loan, as listed on British Bankers Association Interest Rate LIBOR
01 or 02 as provided by Reuters (or, if for any reason such rate is unavailable
from Reuters, from any other similar company or service that provides rate
quotations comparable to those currently provided by Reuters) as the rate in
the London interbank market for Dollar deposits in immediately available funds
with a maturity comparable to such Interest Period, provided that, in the event
that such rate quotation is not available for any reason, then the Eurodollar
Rate shall be the average (rounded upward to the nearest 1/16th of

 

11

 

1%) of the per annum rates at
which deposits in immediately available funds in Dollars for the relevant
Interest Period and in the amount of the Eurodollar Loan to be disbursed or to
remain outstanding during such Interest Period, as the case may be, are offered
to Agent (or an affiliate of Agent, in Agent’s discretion) by prime banks in
any Eurodollar market reasonably selected by Agent, determined as of 11:00 A.M.
(London time) (or as soon thereafter as practicable), three Business Days prior
to the beginning of the relevant Interest Period pertaining to such Eurodollar
Loan hereunder; by (b) 1.00 minus the Reserve Percentage.

 

“Event of
Default” shall mean an event or condition that shall constitute an event of
default as defined in Article VII hereof.

 

“Excluded
Taxes” shall mean net income taxes (and franchise taxes imposed in lieu of net
income taxes) imposed on Agent or any Lender by the Governmental Authority
located in the jurisdiction where Agent or such Lender is organized (other than
any such taxes arising solely from Agent or such Lender having executed,
delivered or performed its obligations or received a payment under, or
enforced, this Agreement or any other Loan Document).

 

“Existing
Letter of Credit” shall mean that term as defined in Section 2.2(b)(vi) hereof.

 

“Extruded
Metals” shall mean Extruded Metals, Inc., a Delaware corporation, and its
successors and permitted assigns.

 

“Federal Funds
Effective Rate” shall mean, for any day, the rate per annum (rounded upward to
the nearest one one-hundredth of one percent (1/100 of 1%)) announced by the
Federal Reserve Bank of New York (or any successor) on such day as being the
weighted average of the rates on overnight federal funds transactions arranged
by federal funds brokers on the previous trading day, as computed and announced
by such Federal Reserve Bank (or any successor) in substantially the same
manner as such Federal Reserve Bank computes and announces the weighted average
it refers to as the “Federal Funds Effective Rate” as of the Closing Date.

 

“Financial
Officer” shall mean any of the following officers: chief executive officer,
president, chief financial officer or treasurer. Unless otherwise qualified,
all references to a Financial Officer in this Agreement shall refer to a
Financial Officer of IHS.

 

“Fixed Charge
Coverage Ratio” shall mean, as determined for the most recently completed four
fiscal quarters of IHS, the ratio of (a) Consolidated EBITDA plus rent
expenses, to (b) Consolidated Fixed Charges.

 

“Foreign
Borrower” shall mean each of the Foreign Subsidiaries of IHS set forth on
Schedule 2 hereto, together with any other Foreign Subsidiary of IHS that, on
or after the Closing Date, shall have satisfied, in the opinion of Agent, the
requirements of Section 2.13(a) hereof.

 

“Foreign
Borrower Assumption Agreement” shall mean each of the Foreign Borrower
Assumption Agreements executed by a Foreign Borrower after the Closing Date, in
the form of

 

12

 

the attached Exhibit G,
as the same may from time to time be amended, restated or otherwise modified.

 

“Foreign
Borrower Revolving Credit Note” shall mean a Foreign Borrower Revolving Credit
Note executed and delivered by a Foreign Borrower pursuant to Section 2.4(b)
hereof.

 

“Foreign
Guarantor of Payment” shall mean each of the Companies set forth on Schedule
3 hereto that shall have been designated a “Foreign Guarantor of Payment”,
that are executing and delivering (or have executed and delivered) a Guaranty
of Payment on or as of the closing date of the Original Credit Agreement or on
or as of the Closing Date, or any other Foreign Subsidiary that shall execute
and deliver a Guaranty of Payment to Agent subsequent to the Closing Date.

 

“Foreign
Subsidiary” shall mean a Subsidiary that is organized outside of the United
States.

 

“Fronting
Lender” shall mean, (a) as to any Letter of Credit transaction hereunder, Agent
as issuer of the Letter of Credit, or, in the event that Agent either shall be
unable to issue or shall agree that another Lender may issue a Letter of
Credit, such other Lender as shall agree to issue the Letter of Credit in its
own name, but on behalf of the Lenders hereunder, or (b) as to any Existing
Letter of Credit, KeyBank National Association.

 

“GAAP” shall
mean generally accepted accounting principles in the United States as then in
effect, which shall include the official interpretations thereof by the
Financial Accounting Standards Board, applied on a basis (other than with
respect to database costs, pension accounting and goodwill amortization)
consistent with the past accounting practices and procedures of IHS, subject to
absence of footnotes (with respect to interim statements) and year end
adjustments.

 

“Governmental
Authority” shall mean any nation or government, any state, province or
territory or other political subdivision thereof, any governmental agency, department,
authority, instrumentality, regulatory body, court, central bank or other
governmental entity exercising executive, legislative, judicial, taxing,
regulatory or administrative functions of or pertaining to government, any
securities exchange and any self-regulatory organization.

 

“Guarantor”
shall mean a Person that shall have pledged its credit or property in any
manner for the payment or other performance of the indebtedness, contract or
other obligation of another and includes (without limitation) any guarantor
(whether of payment or of collection), surety, co-maker, endorser or Person
that shall have agreed conditionally or otherwise to make any purchase, loan or
investment in order thereby to enable another to prevent or correct a default of
any kind.

 

“Guarantor of
Payment” shall mean a Domestic Guarantor of Payment or Foreign Guarantor of
Payment, or any other Person that shall deliver a Guaranty of Payment to Agent
subsequent to the Closing Date.

 

13

 

“Guaranty of
Payment” shall mean each Guaranty of Payment and each Amended and Restated
Guaranty of Payment, as any of the foregoing may from time to time be executed
and delivered on or after the Closing Date in connection with this Agreement by
the Guarantors of Payment, as the same may from time to time be amended,
restated or otherwise modified.

 

“Hedge
Agreement” shall mean any (a) hedge agreement, interest rate swap, basis swap
agreement, cap, collar or floor agreement, or other interest rate management
device (including forward rate agreements) entered into by a Company with any
Person in connection with any Indebtedness of such Company, or (b) currency
swap agreement, forward currency purchase agreement or similar arrangement or
agreement designed to protect against fluctuations in currency exchange rates
entered into by a Company.

 

“IHS IPO”
shall mean the initial public offering of IHS.

 

“Indebtedness”
shall mean, for any Company (excluding in all cases trade payables payable in
the ordinary course of business by such Company), without duplication, (a) all
obligations to repay borrowed money, direct or indirect, incurred, assumed, or
guaranteed, (b) all obligations for the deferred purchase price of capital
assets, (c) all obligations under conditional sales or other title retention
agreements, (d) all obligations (contingent or otherwise) under any letter of
credit or banker’s acceptance, (e) all net obligations under any currency swap
agreement, interest rate swap, cap, collar or floor agreement or other interest
rate management device or any Hedge Agreement, (f) all synthetic leases, (g)
all lease obligations (excluding operating leases) that have been or should be
capitalized on the books of such Company in accordance with GAAP, (h) all obligations
of such Company with respect to asset securitization financing programs to the
extent that there is recourse against such Company or such Company is liable
(contingent or otherwise) under any such program, (i) all obligations to
advance funds to, or to purchase assets, property or services from, any other
Person in order to maintain the financial condition of such Person, (j) all
indebtedness of any partnership in which such Company is a general partner, (k)
any other transaction (including forward sale or purchase agreements) having
the commercial effect of a borrowing of money entered into by such Company to
finance its operations or capital requirements, and (l) any guaranty of any
obligation described in subparts (a) through (k) hereof.

 

“Interest
Adjustment Date” shall mean the last day of each Interest Period.

 

“Interest
Period” shall mean, with respect to a LIBOR Fixed Rate Loan, the period
commencing on the date such LIBOR Fixed Rate Loan is made and ending on the
last day of such period, as selected by Administrative Borrower (or the
appropriate Foreign Borrower) pursuant to the provisions hereof, and thereafter
(unless, with respect to a Eurodollar Loan, such LIBOR Fixed Rate Loan is
converted to a Base Rate Loan) each subsequent period commencing on the last
day of the immediately preceding Interest Period and ending on the last day of
such period, as selected by Administrative Borrower (or the appropriate Foreign
Borrower) pursuant to the provisions hereof. The duration of each Interest Period
for a LIBOR Fixed Rate Loan shall be one month, two months, three months or six
months, in each case as Administrative Borrower (or the appropriate Foreign
Borrower) may select upon notice, as set forth in Section 2.5 hereof; provided
that (a) if Administrative Borrower (or the appropriate Foreign Borrower)

 

14

 

shall fail to so select the
duration of any Interest Period for a Eurodollar Loan at least three Business
Days prior to the Interest Adjustment Date applicable to such Eurodollar Loan,
Borrowers shall be deemed to have converted such Eurodollar Loan to a Base Rate
Loan at the end of the then current Interest Period; and (b) each Alternate
Currency Loan must be repaid on the last day of the Interest Period applicable
thereto.

 

“Joint Venture
Subsidiary” shall mean a joint venture of the Companies listed on Schedule
5.20 hereto (or provided in written notice to Agent and the Lenders), in
which the Companies have Voting Power of more than fifty percent (50%) but less
than one hundred percent (100%), which, by the terms of the agreement under
which such joint venture was created, is prohibited from entering into a
Guaranty of Payment without the consent of the other joint venture party.

 

“Letter of
Credit” shall mean a standby letter of credit that shall be issued by the
Fronting Lender for the account of a Borrower or Guarantor of Payment,
including amendments thereto, if any, and shall have an expiration date no
later than the earlier of (a) one year after its date of issuance, or (b)
fifteen (15) days prior to the last day of the Commitment Period.

 

“Letter of
Credit Commitment” shall mean the commitment of the Fronting Lender, on behalf
of the Lenders, to issue Letters of Credit in an aggregate face amount of up to
Twenty Million Dollars ($20,000,000).

 

“Letter of
Credit Exposure” shall mean, at any time, the Dollar Equivalent of the sum of
(a) the aggregate undrawn face amount of all issued and outstanding Letters of
Credit, and (b) the aggregate of the draws made on Letters of Credit that have
not been reimbursed by Borrowers or converted to a Revolving Loan pursuant to
Section 2.2(b)(iv) hereof.

 

“Leverage
Ratio” shall mean, as determined on a Consolidated basis and in accordance with
GAAP, the ratio of (a) Consolidated Funded Indebtedness (for the most recently
completed fiscal quarter of IHS) to (b) Consolidated EBITDA (for the most
recently completed four fiscal quarters of IHS).

 

“LIBOR Fixed
Rate Loan” shall mean a Eurodollar Loan or an Alternate Currency Loan.

 

“Lien” shall
mean any mortgage, deed of trust, security interest, lien (statutory or other),
charge, encumbrance on, pledge or deposit of, or conditional sale, leasing
(other than operating leases), sale with a right of redemption or other title
retention agreement and any capitalized lease with respect to any property
(real or personal) or asset.

 

“Liquidity
Amount” shall mean, at any time, the sum of (a) (i) the Total Commitment
Amount, minus (ii) the Revolving Credit Exposure; plus (b) all cash of IHS;
plus (c) all cash equivalents of IHS having maturities of not more than one
year from the date of acquisition thereof; as determined on a Consolidated
basis and in accordance with GAAP.

 

“Loan” shall
mean a Revolving Loan or Swing Loan granted to Borrowers by the Lenders in
accordance with Section 2.2(a) or (c) hereof.

 

15

 

“Loan
Documents” shall mean, collectively, this Agreement, each Note, each Guaranty
of Payment, each Confirmation of Guaranty of Payment, all documentation
relating to each Letter of Credit, the Agent Fee Letter and the Closing Fee
Letter, as any of the foregoing may from time to time be amended, restated or
otherwise modified or replaced, and any other document delivered pursuant
thereto.

 

“Material
Adverse Effect” shall mean a material adverse effect on (a) the business,
operations, property or condition (financial or otherwise) of a US Borrower, UK
Borrower or Swiss Borrower, (b) the business, operations, property or condition
(financial or otherwise) of the Companies taken as a whole, or (c) the validity
or enforceability of this Agreement or any of the other Loan Documents or the
rights and remedies of Agent or the Lenders hereunder or thereunder.

 

“Material
Indebtedness Agreement” shall mean any debt instrument, lease (capital,
operating or otherwise), guaranty, contract, commitment, agreement or other
arrangement evidencing any Indebtedness of any Company or the Companies in
excess of the amount of Ten Million Dollars ($10,000,000).

 

“Maximum
Amount” shall mean, for each Lender, the amount set forth opposite such
Lender’s name under the column headed “Maximum Amount” as set forth on Schedule
1 hereto, subject to decreases determined pursuant to Section 2.9(a)
hereof, increases pursuant to Section 2.9(b) hereof and assignments of
interests pursuant to Section 10.10 hereof; provided, however, that the Maximum
Amount for the Swing Line Lender shall exclude the Swing Line Commitment (other
than its pro rata share), and the Maximum Amount of the Fronting Lender shall
exclude the Letter of Credit Commitment (other than its pro rata share).

 

“Maximum
Commitment Amount” shall mean Two Hundred Fifty Million Dollars ($250,000,000).

 

“Moody’s”
shall mean Moody’s Investors Service, Inc., or any successor to such company.

 

“Multiemployer
Plan” shall mean a Pension Plan that is subject to the requirements of Subtitle
E of Title IV of ERISA.

 

“Non-Credit
Party” shall mean a Company that is not a Credit Party.

 

“Non-Credit
Party Exposure” shall mean the aggregate amount, after the Closing Date, of
loans by a Company to, investments by a Company in, guaranties by a Company of
Indebtedness of, and Letters of Credit issued to or for the benefit of, a
Foreign Subsidiary that is a Non-Credit Party.

 

“Note” shall
mean a Revolving Credit Note or the Swing Line Note, or any other promissory
note delivered pursuant to this Agreement.

 

16

 

“Notice of
Loan” shall mean a Notice of Loan in the form of the attached Exhibit D.

 

“Obligations”
shall mean, collectively, (a) all Indebtedness and other obligations incurred
by a Borrower to Agent, the Fronting Lender, the Swing Line Lender or any
Lender pursuant to this Agreement, and includes the principal of and interest
on all Loans and all obligations pursuant to Letters of Credit; (b) each
extension, renewal or refinancing of the foregoing, in whole or in part; and
(c) the facility fees, other fees and any prepayment fees payable hereunder,
and all fees and charges in connection with the Letters of Credit.

 

“Organizational
Documents” shall mean, with respect to any Person (other than an individual),
such Person’s Articles (Certificate) of Incorporation, operating agreement or
equivalent formation documents, and Regulations (Bylaws), or equivalent
governing documents, and any amendments to any of the foregoing.

 

“Other Taxes”
shall mean any and all present or future stamp or documentary taxes or any
other excise, ad valorem or property taxes, goods and services taxes,
harmonized sales taxes and other sales taxes, use taxes, value added taxes,
charges or similar taxes or levies arising from any payment made hereunder or
from the execution, delivery or enforcement of, or otherwise with respect to,
this Agreement or any other Loan Document.

 

“Patriot Act”
shall mean Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism Act of 2001, USA Patriot Act,
Title III of Pub. L. 107-56, signed into law October 26, 2001, as amended from
time to time.

 

“PBGC” shall
mean the Pension Benefit Guaranty Corporation, or its successor.

 

“Pension Plan”
shall mean an ERISA Plan that is a “pension plan” (within the meaning of ERISA
Section 3(2)).

 

“Permitted
Foreign Subsidiary Loans and Investments” shall mean:

 

(a)           the investments by IHS or a Domestic
Subsidiary in a Foreign Subsidiary that is not a Credit Party, existing as of
the Closing Date and set forth on Schedule 5.11 hereto;

 

(b)           the loans by IHS or a Domestic
Subsidiary to a Foreign Subsidiary that is not a Credit Party, in such amounts
existing as of the Closing Date and set forth on Schedule 5.11 hereto;

 

(c)           any investment by a Foreign
Subsidiary in, or loan from a Foreign Subsidiary to, or guaranty from a Foreign
Subsidiary of Indebtedness of a Company that is a Credit Party;

 

(d)           any Non-Credit Party Exposure with
respect to a Foreign Subsidiary or any loan by a US Borrower to a Foreign
Subsidiary, not otherwise permitted under this definition, up to the aggregate
amount of One Million Dollars ($1,000,000) for such Foreign Subsidiary, so long
as the Non-Credit Party Exposure and loans by all US Borrowers to all Foreign
Subsidiaries

 

17

 

incurred pursuant to this
subpart (d) does not exceed the aggregate amount of Five Million Dollars
($5,000,000) at any time outstanding; and

 

(e)           any investment by a Foreign
Subsidiary that is a Non-Credit Party in, or loan by a Foreign Subsidiary that
is a Non-Credit Party to, a Company.

 

“Permitted
Investment” shall mean an investment of a Company in the stock (or other debt
or equity instruments) of a Person (other than a Credit Party), so long as (a)
the Company making the investment is a Credit Party; and (b) the aggregate
amount of all such investments of all Companies does not exceed, at any time,
an aggregate amount of Twenty Million Dollars ($20,000,000).

 

“Person” shall
mean any individual, sole proprietorship, partnership, joint venture,
unincorporated organization, corporation, limited liability company, unlimited
liability company, institution, trust, estate, government or other agency or
political subdivision thereof or any other entity.

 

“Prime Rate”
shall mean the interest rate established from time to time by Agent as Agent’s
prime rate, whether or not such rate shall be publicly announced; the Prime
Rate may not be the lowest interest rate charged by Agent for commercial or
other extensions of credit. Each change in the Prime Rate shall be effective
immediately from and after such change.

 

“Regularly
Scheduled Payment Date” shall mean the last day of each February, May, August
and November of each year.

 

“Related
Writing” shall mean each Loan Document and any other assignment, mortgage,
security agreement, guaranty agreement, subordination agreement, financial
statement or audit report furnished by any Credit Party, or any of its
officers, to Agent or the Lenders pursuant to or otherwise in connection with
this Agreement.

 

“Reportable
Event” shall mean any of the events described in Section 4043 of ERISA except
where notice is waived by the PBGC.

 

“Request for
Extension” shall mean a notice, substantially in the form of the attached Exhibit
H.

 

“Requested
Availability” shall mean that term as defined in Section 2.13(a) hereof.

 

“Required Lenders”
shall mean the holders of at least fifty-one percent (51%) of (a) during the
Commitment Period, the Total Commitment Amount, and (b) after the termination
of the Commitment Period, the sum of (i) the aggregate outstanding principal
amount of Revolving Loans, (ii) the Letter of Credit Exposure and (iii) the
Swing Line Exposure; provided, however, that, if there shall be two or more
Lenders, Required Lenders shall constitute at least two Lenders.

 

18

 

“Requirement
of Law” shall mean, as to any Person, any law, treaty, rule or regulation or
determination or policy statement or interpretation of an arbitrator or a court
or other Governmental Authority, in each case applicable to or binding upon
such Person or any of its property.

 

“Reserve
Percentage” shall mean for any day that percentage (expressed as a decimal)
that is in effect on such day, as prescribed by the Board of Governors of the
Federal Reserve System (or any successor) for determining the maximum reserve
requirement (including, without limitation, all basic, supplemental, marginal
and other reserves and taking into account any transitional adjustments or
other scheduled changes in reserve requirements) for a member bank of the
Federal Reserve System in Cleveland, Ohio, in respect of Eurocurrency
Liabilities. The Derived LIBOR Fixed Rate shall be adjusted automatically on
and as of the effective date of any change in the Reserve Percentage.

 

“Restricted
Payment” shall mean, with respect to any Company, (a) any Capital Distribution,
(b) any amount paid by such Company in repayment, redemption, retirement or
repurchase, directly or indirectly, of any Subordinated Indebtedness, or (c)
any amount paid by such Company in respect of any management, consulting or
other similar arrangement with any shareholder of a Company (other than a
Company) or Affiliate in excess of the aggregate amount of One Hundred Thousand
Dollars ($100,000) in any fiscal year.

 

“Revolving
Credit Commitment” shall mean the obligation hereunder, during the Commitment
Period, of (a) each Lender to make Revolving Loans up to the Maximum Amount for
such Lender, (b) the Fronting Lender to issue and each Lender to participate in
Letters of Credit pursuant to the Letter of Credit Commitment, and (c) the
Swing Line Lender to make and each Lender to participate in Swing Loans
pursuant to the Swing Line Commitment.

 

“Revolving
Credit Exposure” shall mean, at any time, the Dollar Equivalent of the sum of
(a) the aggregate principal amount of all Revolving Loans outstanding, (b) the
Swing Line Exposure, and (c) the Letter of Credit Exposure.

 

“Revolving
Credit Note” shall mean a US Borrower Revolving Credit Note or a Foreign
Borrower Revolving Credit Note.

 

“Revolving
Loan” shall mean a Loan granted to US Borrowers or a Foreign Borrower by the
Lenders in accordance with Section 2.2(a) hereof.

 

“SEC” shall
mean the United States Securities and Exchange Commission, or any governmental
body or agency succeeding to any of its principal functions.

 

“Significant
Asset Disposition” shall mean a Disposition or a related series of Dispositions
in which the aggregate fair market value or book value, whichever is greater,
of the assets sold, leased, transferred or otherwise disposed of shall be
greater than or equal to five percent (5%) of the Consolidated total assets of
the Companies.

 

19

 

“Standard
& Poor’s” shall mean Standard & Poor’s Ratings Group, a division of
McGraw-Hill, Inc., or any successor to such company.

 

“Subordinated”
shall mean, as applied to Indebtedness, Indebtedness that shall have been
subordinated (by written terms or written agreement being, in either case, in
form and substance satisfactory to Agent and the Required Lenders) in favor of
the prior payment in full of the Obligations.

 

“Subsidiary”
of a Company shall mean (a) a corporation more than fifty percent (50%) of the
Voting Power of which is owned, directly or indirectly, by such Company or by
one or more other subsidiaries of such Company or by such Company and one or
more subsidiaries of such Company, (b) a partnership, limited liability company
or unlimited liability company of which such Company, one or more other
subsidiaries of such Company or such Company and one or more subsidiaries of
such Company, directly or indirectly, is a general partner or managing member,
as the case may be, or otherwise has an ownership interest greater than fifty
percent (50%) of all of the ownership interests in such partnership, limited
liability company or unlimited liability company, or (c) any other Person
(other than a corporation, partnership, limited liability company or unlimited
liability company) in which such Company, one or more other subsidiaries of
such Company or such Company and one or more subsidiaries of such Company,
directly or indirectly, has at least a majority interest in the Voting Power or
the power to elect or direct the election of a majority of directors or other
governing body of such Person.

 

“Subsidiary
Borrower” shall mean a Borrower other than (a) IHS, or (b) a Foreign Borrower.

 

“Swing Line
Commitment” shall mean the commitment of the Swing Line Lender to make Swing
Loans to US Borrowers up to the aggregate amount at any time outstanding of
Twenty Million Dollars ($20,000,000).

 

“Swing Line
Exposure” shall mean, at any time, the aggregate principal amount of all Swing
Loans outstanding.

 

“Swing Line
Lender” shall mean KeyBank National Association, as holder of the Swing Line
Commitment.

 

“Swing Line
Note” shall mean the Swing Line Note executed and delivered pursuant to Section
2.4(c) hereof.

 

“Swing Loan”
shall mean a loan that shall be denominated in Dollars granted to US Borrowers
by the Swing Line Lender under the Swing Line Commitment.

 

“Swing Loan
Maturity Date” shall mean, with respect to any Swing Loan, the earlier of (a)
fifteen (15) days after the date such Swing Loan is made, or (b) the last day
of the Commitment Period.

 

20

 

“Swiss
Borrower” shall mean Petroconsultants S.A., and its successors and permitted
assigns.

 

“Taxes” shall
mean any and all present or future taxes of any kind, including but not limited
to, levies, imposts, duties, charges, fees, deductions or withholdings now or
hereafter imposed, levied, collected, withheld or assessed by any Governmental
Authority (together with any interest, penalties, additions to taxes or similar
liabilities with respect thereto) other than Excluded Taxes.

 

“Threshold
EBITDA Acquisition” shall mean an Acquisition, made after the Closing Date,
that generates EBITDA for the Company making such Acquisition or the acquired
Company in excess of negative Five Million Dollars (-$5,000,000).

 

“Total
Commitment Amount” shall mean the Closing Commitment Amount, as such amount may
be increased up to the Maximum Commitment Amount pursuant to Section 2.9(b)
hereof, or decreased pursuant to Section 2.9(a) hereof.

 

“U.C.C.
Financing Statement” shall mean a financing statement filed or to be filed in
accordance with the Uniform Commercial Code, as in effect from time to time, in
the relevant state or states.

 

“UK Borrower”
shall mean IHS Engineering Group UK Ltd., and its successors and permitted
assigns.

 

“US Borrower
Revolving Credit Note” shall mean a US Borrower Revolving Credit Note, executed
and delivered by US Borrowers to each Lender pursuant to Section 2.4(a) hereof.

 

“Voting Power”
shall mean, with respect to any Person, the exclusive ability to control,
through the ownership of shares of capital stock, partnership interests, membership
interests or otherwise, the election of members of the board of directors or
other similar governing body of such Person. The holding of a designated
percentage of Voting Power of a Person means the ownership of shares of capital
stock, partnership interests, membership interests or other interests of such
Person sufficient to control exclusively the election of that percentage of the
members of the board of directors or similar governing body of such Person.

 

“Welfare Plan”
shall mean an ERISA Plan that is a “welfare plan” within the meaning of ERISA
Section 3(l).

 

“Wholly-Owned
Subsidiary” shall mean, with respect to any Person, any corporation, limited
liability company, unlimited liability company or other entity, all of the
securities or other ownership interest of which having ordinary Voting Power to
elect a majority of the board of directors, or other persons performing similar
functions, are at the time directly or indirectly owned by such Person.

 

Section 1.2.
Accounting Terms. Any accounting term not specifically defined in this
Article I shall have the meaning ascribed thereto by GAAP.

 

21

 

Section 1.3.
Terms Generally. The foregoing definitions shall be applicable to the
singular and plurals of the foregoing defined terms.

 

ARTICLE II. AMOUNT AND TERMS OF CREDIT

 

Section 2.1.
Amount and Nature of Credit.

 

(a)           Subject to the terms and conditions
of this Agreement, the Lenders, during the Commitment Period and to the extent
hereinafter provided, shall make Loans to Borrowers participate in Swing Loans
made by the Swing Line Lender to US Borrowers and issue or participate in
Letters of Credit at the request of Administrative Borrower, in such aggregate
amount as Borrowers shall request pursuant to the Commitment; provided,
however, that in no event shall the Revolving Credit Exposure be in excess of
the Total Commitment Amount.

 

(b)           Each Lender, for itself and not one
for any other, agrees to make Loans, participate in Swing Loans made by the
Swing Line Lender to US Borrowers, and issue or participate in Letters of
Credit, during the Commitment Period, on such basis that, immediately after the
completion of any borrowing by Borrowers or the issuance of a Letter of Credit:

 

(i)            the Dollar
Equivalent of the aggregate outstanding principal amount of Revolving Loans
made by such Lender, when combined with such Lender’s pro rata share of the
Letter of Credit Exposure and the Swing Line Exposure shall not be in excess of
the Maximum Amount for such Lender; and

 

(ii)           the aggregate
outstanding principal amount of Revolving Loans made by such Lender shall
represent that percentage of the aggregate principal amount then outstanding on
all Revolving Loans, together with such Lender’s interest in the Letter of Credit
Exposure and the Swing Line Exposure that shall be such Lender’s Commitment
Percentage.

 

Each borrowing (other than
Swing Loans which shall be risk participated on a pro rata basis) from the
Lenders shall be made pro rata according to the respective Commitment
Percentages of the Lenders.

 

(c)           The Loans may be made as Revolving
Loans as described in Section 2.2 (a) hereof and Swing Loans as described in
Section 2.2 (c) hereof, and Letters of Credit may be issued in accordance with
Section 2.2(b) hereof.

 

Section 2.2. Revolving
Credit.

 

(a)           Revolving Loans. Subject to
the terms and conditions of this Agreement, during the Commitment Period, the
Lenders shall make a Revolving Loan or Revolving Loans to US Borrowers or a
Foreign Borrower in such amount or amounts as Administrative Borrower may from
time to time request, but not exceeding in aggregate principal amount at any
time

 

22

 

outstanding hereunder the Total
Commitment Amount, when such Revolving Loans are combined with the Letter of
Credit Exposure and the Swing Line Exposure; provided, however, that Borrowers
shall not request any Alternate Currency Loan (and the Lenders shall not be
obligated to make an Alternate Currency Loan) if, after giving effect thereto,
the Alternate Currency Exposure would exceed the Alternate Currency Maximum
Amount. Borrowers shall have the option, subject to the terms and conditions
set forth herein, to borrow Revolving Loans, maturing on the last day of the
Commitment Period, by means of any combination of Base Rate Loans, Eurodollar
Loans or Alternate Currency Loans. With respect to each Alternate Currency
Loan, subject to the other provisions of this Agreement, US Borrowers or the
appropriate Foreign Borrower, as applicable, shall receive all of the proceeds
of such Alternate Currency Loan in one Alternate Currency and repay such
Alternate Currency Loan in the same Alternate Currency. Subject to the
provisions of this Agreement, Borrowers shall be entitled under this Section 2.2(a)
to borrow funds, repay the same in whole or in part and re-borrow hereunder at
any time and from time to time during the Commitment Period.

 

(b)           Letters of Credit.

 

(i)            Generally.
Subject to the terms and conditions of this Agreement, during the Commitment
Period, the Fronting Lender shall, in its own name, on behalf of the Lenders,
issue such Letters of Credit for the account of a Credit Party, as
Administrative Borrower may from time to time request. Administrative Borrower
shall not request any Letter of Credit (and the Fronting Lender shall not be
obligated to issue any Letter of Credit) if, after giving effect thereto, (A)
the Letter of Credit Exposure would exceed the Letter of Credit Commitment, (B)
the Revolving Credit Exposure would exceed the Total Commitment Amount, or (C)
with respect to a request for a Letter of Credit to be issued in an Alternate
Currency, the Alternate Currency Exposure would exceed the Alternate Currency
Maximum Amount. The issuance of each Letter of Credit shall confer upon each
Lender the benefits and liabilities of a participation consisting of an
undivided pro rata interest in the Letter of Credit to the extent of such
Lender’s Commitment Percentage.

 

(ii)           Request for
Letter of Credit. Each request for a Letter of Credit shall be delivered to
Agent (and to the Fronting Lender, if the Fronting Lender is a Lender other
than Agent) by an Authorized Officer not later than 11:00 A.M. (Mountain time)
three Business Days prior to the day upon which the Letter of Credit is to be
issued. Each such request shall be in a form acceptable to Agent (and the
Fronting Lender, if the Fronting Lender is a Lender other than Agent) and shall
specify the face amount thereof, the account party, the beneficiary, the
intended date of issuance, the expiry date thereof, the Alternate Currency if
other than Dollars are requested, and the nature of the transaction to be
supported thereby. Concurrently with each such request, Administrative
Borrower, and any Credit Party for whose account the Letter of Credit is to be
issued (which may be a Borrower or a Guarantor of Payment), shall execute and
deliver to the Fronting Lender an appropriate application and agreement, being
in the standard form of the Fronting Lender for such letters of credit, as amended
to conform to the provisions of this Agreement if required by Agent. Agent
shall give the Fronting Lender and each Lender notice of each such request for
a Letter of Credit.

 

23

 

(iii)          Letter
of Credit Fees.  With respect to each
Letter of Credit and the drafts thereunder, if any, whether issued for the
account of a Borrower or any other Credit Party, US Borrowers agree (and each
Foreign Borrower agrees to pay, with respect to Letters of Credit issued for
its own account) to (A) pay to Agent, for the pro rata benefit of the Lenders,
a non-refundable commission based upon the face amount of such Letter of
Credit, which shall be paid quarterly in arrears, on each Regularly Scheduled Payment
Date, at the rate per annum of the Applicable Margin (in effect on such
Regularly Scheduled Payment Date) multiplied by the face amount of such Letter
of Credit; (B) pay to Agent, for the sole benefit of the Fronting Lender, an
additional Letter of Credit fee, which shall be paid on each date that such
Letter of Credit shall be issued, amended or renewed at the rate of one-eighth
percent (1/8%) of the face amount of such Letter of Credit; and (C) pay to
Agent, for the sole benefit of the Fronting Lender, such other issuance,
amendment, negotiation, draw, acceptance, telex, courier, postage and similar
transactional fees as are generally charged by the Fronting Lender under its
fee schedule as in effect from time to time.

 

(iv)          Refunding
of Letters of Credit with Revolving Loans. 
Whenever a Letter of Credit shall be drawn, US Borrowers, and any
Foreign Borrower for whose account such Letter of Credit was issued, shall
immediately reimburse the Fronting Lender for the amount drawn.  In the event that the amount drawn is not in
an Alternate Currency and shall not have been reimbursed by such Borrowers, as
applicable, within one Business Day of the drawing of such Letter of Credit, at
the sole option of Agent (and the Fronting Lender, if the Fronting Lender is a
Lender other than Agent), such Borrowers shall be deemed to have requested a
Revolving Loan, subject to the provisions of subsection (a) of this Section 2.2
and Section 2.5 hereof (other than the requirement set forth in Section 2.5(d)
hereof), in the amount drawn.  Such
Revolving Loan shall be evidenced by the Revolving Credit Notes.  Each Lender agrees, subject to no conditions
precedent whatsoever, to make a Revolving Loan on the date of receipt of notice
from Agent of a request to make such Revolving Loan.  Each Lender acknowledges and agrees that its
obligation to make a Revolving Loan pursuant to subsection (a) of this Section 2.2
when required by this Section 2.2(b)(iv) shall be absolute and
unconditional and shall not be affected by any circumstance whatsoever,
including, without limitation, the occurrence and continuance of a Default or
Event of Default, and that its payment to Agent, for the account of the
Fronting Lender, of the proceeds of such Revolving Loan shall be made without
any offset, abatement, recoupment, counterclaim, withholding or reduction
whatsoever and whether or not such Lender’s Revolving Credit Commitment shall
have been reduced or terminated. 
Borrowers irrevocably authorize and instruct Agent to apply the proceeds
of any borrowing pursuant to this subsection (iv) to reimburse, in full
(other than the Fronting Lender’s pro rata share of such borrowing), the
Fronting Lender for the amount drawn on such Letter of Credit.  Each such Revolving Loan shall be deemed to
be a Base Rate Loan unless otherwise requested by and available to Borrowers
hereunder.  Each Lender is hereby
authorized to record on its records relating to its Revolving Credit Note such
Lender’s pro rata share of the amounts paid and not reimbursed on the Letters
of Credit.

 

24

 

(v)           Participation
in Letters of Credit.  If, for any
reason, the Fronting Lender shall be unable to or, in the opinion of Agent, it
shall be impracticable to, convert any Letter of Credit to a Revolving Loan
pursuant to the preceding subsection or if the amount not reimbursed is a
Letter of Credit drawn in an Alternate Currency, the Fronting Lender shall have
the right to request that each Lender purchase a participation in the amount due
with respect to such Letter of Credit, and Agent shall promptly notify each
Lender thereof (by facsimile or telephone, confirmed in writing).  Upon such notice, but without further action,
the Fronting Lender hereby agrees to grant to each Lender, and each Lender
hereby agrees to acquire from the Fronting Lender, an undivided participation
interest in the amount due with respect to such Letter of Credit in an amount
equal to such Lender’s Commitment Percentage of the principal amount due with
respect to such Letter of Credit.  In
consideration and in furtherance of the foregoing, each Lender hereby
absolutely and unconditionally agrees, upon receipt of notice as provided
above, to pay to Agent, for the account of the Fronting Lender, such Lender’s
ratable share of the amount due with respect to such Letter of Credit
(determined in accordance with such Lender’s Commitment Percentage).  Each Lender acknowledges and agrees that its
obligation to acquire participations in the amount due under any Letter of Credit
that is drawn but not reimbursed by Borrowers pursuant to this subsection (v)
shall be absolute and unconditional and shall not be affected by any
circumstance whatsoever, including, without limitation, the occurrence and
continuance of a Default or Event of Default, and that each such payment shall
be made without any offset, abatement, recoupment, counterclaim, withholding or
reduction whatsoever and whether or not such Lender’s Revolving Credit
Commitment shall have been reduced or terminated.  Each Lender shall comply with its obligation
under this subsection (v) by wire transfer of immediately available funds
in Dollars (except in the case of a Letter of Credit issued and drawn in an
Alternate Currency, and, in such case, in such Alternate Currency), in the same
manner as provided in Section 2.5 hereof with respect to Revolving
Loans.  Each Lender is hereby authorized
to record on its records such Lender’s pro rata share of the amounts paid and
not reimbursed on the Letters of Credit. 
In addition, each Lender agrees to risk participate in the Existing
Letters of Credit as provided in subsection (vi) below.

 

(vi)          Existing
Letters of Credit.  Schedule 2.2
hereto contains a description of all letters of credit outstanding on, and to
continue in effect after, the Closing Date. Each such letter of credit issued
by a bank that is or becomes a Lender under this Agreement on the Closing Date
(each, an “Existing Letter of Credit”) shall constitute a “Letter of Credit”
for all purposes of this Agreement, issued, for purposes of Section 2.2(b)(vi)
hereof, on the Closing Date.  Borrowers,
Agent and the applicable Lenders hereby agree that, from and after such date,
the terms of this Agreement shall apply to the Existing Letters of Credit,
superseding any other agreement theretofore applicable to them to the extent
inconsistent with the terms hereof. 
Notwithstanding anything to the contrary in any reimbursement agreement
applicable to the Existing Letters of Credit, the fees payable in connection
with each Existing Letter of Credit to be shared with the Lenders shall accrue
from the Closing Date at the rate provided in Section 2.2(b)(iii) hereof.

 

25

 

(c)           Swing Loans.

 

(i)            Generally.  Subject to the terms and conditions of this
Agreement, during the Commitment Period, the Swing Line Lender shall make a
Swing Loan or Swing Loans to US Borrowers in such amount or amounts as
Administrative Borrower, through an Authorized Officer, may from time to time
request; provided that Administrative Borrower shall not request any Swing Loan
if, after giving effect thereto, (A) the Revolving Credit Exposure would exceed
the Total Commitment Amount, or (B) the Swing Line Exposure would exceed the
Swing Line Commitment.  Each Swing Loan shall
be due and payable on the Swing Loan Maturity Date applicable thereto.  US Borrowers shall not request that more than
two Swing Loans be outstanding at any time. 
Each Swing Loan shall be made in Dollars.

 

(ii)           Refunding
of Swing Loans.  If the Swing Line
Lender so elects, by giving notice to Administrative Borrower and the Lenders,
US Borrowers agree that the Swing Line Lender shall have the right, in its sole
discretion, to require that any Swing Loan be refinanced as a Revolving Loan.  Such Revolving Loan shall be a Base Rate Loan
unless otherwise requested by and available to US Borrowers hereunder.  Upon receipt of such notice by US Borrowers
and the Lenders, US Borrowers shall be deemed, on such day, to have requested a
Revolving Loan in the principal amount of the Swing Loan in accordance with subsection (a)
of this Section 2.2 and Section 2.5 hereof (other than the
requirement set forth in Section 2.5(d) hereof).  Such Revolving Loan shall be evidenced by the
Revolving Credit Notes.  Each Lender
agrees to make a Revolving Loan on the date of such notice, subject to no
conditions precedent whatsoever.  Each
Lender acknowledges and agrees that such Lender’s obligation to make a
Revolving Loan pursuant to subsection (a) of this Section when
required by this subsection (ii) is absolute and unconditional and shall
not be affected by any circumstance whatsoever, including, without limitation,
the occurrence and continuance of a Default or Event of Default, and that its
payment to Agent, for the account of the Swing Line Lender, of the proceeds of
such Revolving Loan shall be made without any offset, abatement, recoupment,
counterclaim, withholding or reduction whatsoever and whether or not such
Lender’s Revolving Credit Commitment shall have been reduced or
terminated.  US Borrowers irrevocably
authorize and instruct Agent to apply the proceeds of any borrowing pursuant to
this subsection (ii) to repay in full such Swing Loan.  Each Lender is hereby authorized to record on
its records relating to its US Borrower Revolving Credit Note such Lender’s pro
rata share of the amounts paid to refund such Swing Loan.

 

(iii)          Participation
in Swing Loans.  If, for any reason,
Agent is unable to or, in the opinion of Agent, it is impracticable to, convert
any Swing Loan to a Revolving Loan pursuant to the preceding subsection (ii),
then o n any day that a Swing Loan is outstanding (whether before or after the
maturity thereof), Agent shall have the right to request that each Lender
purchase a participation in such Swing Loan, and Agent shall promptly notify
each Lender thereof (by facsimile or telephone, confirmed in writing).  Upon such notice, but without further action,
the Swing Line Lender hereby agrees to grant to each Lender, and each Lender
hereby agrees to acquire from the Swing Line Lender, an undivided participation
interest in such Swing Loan in an amount equal to

 

26

 

such Lender’s Commitment Percentage of the principal amount of such
Swing Loan.  In consideration and in
furtherance of the foregoing, each Lender hereby absolutely and unconditionally
agrees, upon receipt of notice as provided above, to pay to Agent, for the
benefit of the Swing Line Lender, such Lender’s ratable share of such Swing
Loan (determined in accordance with such Lender’s Commitment Percentage).  Each Lender acknowledges and agrees that its
obligation to acquire participations in Swing Loans pursuant to this subsection (iii)
is absolute and unconditional and shall not be affected by any circumstance
whatsoever, including, without limitation, the occurrence and continuance of a
Default or an Event of Default, and that each such payment shall be made
without any offset, abatement, recoupment, counterclaim, withholding or
reduction whatsoever and whether or not such Lender’s Revolving Credit
Commitment shall have been reduced or terminated.  Each Lender shall comply with its obligation
under this subsection (iii) by wire transfer of immediately available
funds, in the same manner as provided in Section 2.5 hereof with respect
to Revolving Loans to be made by such Lender.

 

Section 2.3.  Interest.

 

(a)           Revolving Loans.

 

(i)            Base
Rate Loan.  The appropriate Borrower
or Borrowers shall pay interest on the unpaid principal amount of a Base Rate
Loan outstanding from time to time from the date thereof until paid at the Base
Rate from time to time in effect. 
Interest on such Base Rate Loan shall be payable, commencing February 28,
2005, and on each Regularly Scheduled Payment Date thereafter and at the
maturity thereof.

 

(ii)           LIBOR
Fixed Rate Loans.  The appropriate
Borrower or Borrowers shall pay interest on the unpaid principal amount of each
LIBOR Fixed Rate Loan outstanding from time to time, fixed in advance on the
first day of the Interest Period applicable thereto through the last day of the
Interest Period applicable thereto (but subject to changes in the Applicable
Margin), at the Derived LIBOR Fixed Rate. 
Interest on such LIBOR Fixed Rate Loan shall be payable on each Interest
Adjustment Date with respect to an Interest Period (provided that if an
Interest Period shall exceed three months, the interest must be paid every
three months, commencing three months from the beginning of such Interest
Period).

 

(b)           Swing Loans.  US Borrowers shall pay interest to Agent, for
the sole benefit of the Swing Line Lender (and any Lender that shall have
purchased a participation in such Swing Loan), on the unpaid principal amount
of each Swing Loan outstanding from time to time from the date thereof until paid
at the Derived Swing Loan Rate applicable to such Swing Loan.  Interest on each Swing Loan shall be payable
on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear
interest for a minimum of one day.

 

(c)           Default Rate.  Anything herein to the contrary
notwithstanding, if an Event of Default shall occur hereunder and during the
continuance thereof, upon the election of the Required Lenders (i) the
principal of each Loan and the unpaid interest thereon shall bear

 

27

 

interest,
until paid, at the Default Rate, (ii) the fee for the aggregate undrawn face
amount of all issued and outstanding Letters of Credit shall be increased by
two percent (2%) in excess of the rate otherwise applicable thereto, and (iii)
in the case of any other amount due from Borrowers hereunder or under any other
Loan Document, such amount shall bear interest at the Default Rate; provided
that, during an Event of Default under Section 7.13 hereof, the applicable
Default Rate shall apply without any election or action on the part of Agent or
any Lender.

 

(d)           Limitation on
Interest.  In no event shall the rate
of interest hereunder exceed the maximum rate allowable by law.  Notwithstanding anything to the contrary
contained in any Loan Document, the interest paid or agreed to be paid under
the Loan Documents shall not exceed the maximum rate of non-usurious interest
permitted by applicable Law (the “Maximum Rate”).  If Agent or any Lender shall receive interest
in an amount that exceeds the Maximum Rate, the excess interest shall be
applied to the principal of the Loans or, if it exceeds such unpaid principal,
refunded to the applicable Borrower.  In
determining whether the interest contracted for, charged, or received by Agent
or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted
by applicable law, (i) characterize any payment that is not principal as an
expense, fee, or premium rather than interest, (ii) exclude voluntary
prepayments and the effects thereof, and (iii) amortize, prorate, allocate, and
spread in equal or unequal parts the total amount of interest throughout the
contemplated term of the Obligations, so long as the foregoing does not
adversely affect a Borrower.

 

Section 2.4.  Evidence of Indebtedness.

 

(a)           US Borrower
Revolving Loans.  The obligation of
US Borrowers to repay the Base Rate Loans and LIBOR Fixed Rate Loans made by
each Lender and to pay interest thereon shall be evidenced by a US Borrower
Revolving Credit Note of US Borrowers in the form of the attached Exhibit A,
payable to the order of such Lender in the principal amount of its Revolving
Credit Commitment or, if less, the aggregate unpaid principal amount of
Revolving Loans made by such Lender.

 

(b)           Foreign Borrower
Revolving Loans.  The obligation of
each Foreign Borrower to repay the Base Rate Loans and LIBOR Fixed Rate Loans
made by each Lender and to pay interest thereon shall be evidenced by a Foreign
Borrower Revolving Credit Note of such Foreign Borrower in the form of the
attached Exhibit B, payable to the order of such Lender in the principal
amount of its Revolving Credit Commitment or, if less, the aggregate unpaid
principal amount of Revolving Loans made to such Foreign Borrower by such
Lender.

 

(c)           Swing Loan.  The obligation of US Borrowers to repay the
Swing Loans and to pay interest thereon shall be evidenced by a Swing Line Note
of US Borrowers in the form of the attached Exhibit C, and payable to
the order of the Swing Line Lender in the principal amount of the Swing Line
Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans
made by the Swing Line Lender.

 

28

 

Section 2.5.  Notice of Credit Event; Funding of Loans.

 

(a)           Notice of Credit
Event.  Administrative Borrower,
through an Authorized Officer, shall provide to Agent a Notice of Loan prior to
(i) 11:00 A.M. (Mountain time) on the proposed date of borrowing or conversion
of any Base Rate Loan, (ii) 11:00 A.M. (Mountain time) three Business Days
prior to the proposed date of borrowing, conversion or continuation of any
LIBOR Fixed Rate Loan, and (iii) 2:00 P.M. (Mountain time) on the proposed date
of borrowing of any Swing Loan; provided, however, that an Authorized Officer
of Administrative Borrower may verbally request a Loan, so long as a Notice of
Loan is received by the end of the same Business Day, and, if Agent or any
Lender provides funds or initiates funding based upon such verbal request,
Administrative Borrower shall bear the risk with respect to any information
regarding such funding that is later determined to have been incorrect.

 

(b)           Funding of Loans.  Agent shall notify each Lender of the date,
amount, type of currency and Interest Period (if applicable) promptly upon the
receipt of a Notice of Loan, and, in any event, by 2:00 P.M. (Mountain time) on
the date such Notice of Loan is received. 
On the date that the Credit Event set forth in such Notice of Loan is to
occur, each such Lender shall provide to Agent, not later than 3:00 P.M.
(Mountain time), the amount in Dollars, or, with respect to an Alternate
Currency, in the applicable Alternate Currency, in federal or other immediately
available funds, required of it.  If
Agent shall elect to advance the proceeds of such Loan prior to receiving funds
from such Lender, Agent shall have the right, upon prior notice to
Administrative Borrower, to debit any account of any US Borrower or otherwise
receive such amount from US Borrowers or the appropriate Foreign Borrower, on
demand, in the event that such Lender shall fail to reimburse Agent in
accordance with this subsection.  Agent
shall also have the right to receive interest from such Lender at the Federal
Funds Effective Rate in the event that such Lender shall fail to provide its
portion of the Loan on the date requested and Agent shall elect to provide such
funds.

 

(c)           Conversion of Loans.  At the request of Administrative Borrower to
Agent, subject to the notice and other provisions of this Section 2.5, the
Lenders shall convert a Base Rate Loan to one or more Eurodollar Loans at any
time and shall convert a Eurodollar Loan to a Base Rate Loan on any Interest
Adjustment Date applicable thereto. 
Swing Loans may be converted by the Swing Line Lender to Revolving Loans
in accordance with Section 2.2(c)(ii) hereof.  No Alternate Currency Loan may be converted
to a Base Rate Loan or Eurodollar Loan and no Base Rate Loan or Eurodollar Loan
may be converted to an Alternate Currency Loan.

 

(d)           Minimum Amount.  Each request for:

 

(i)            a
Base Rate Loan shall be in an amount of not less than Three Million Dollars
($3,000,000), increased by increments of One Million Dollars ($1,000,000);

 

(ii)           a
LIBOR Fixed Rate Loan shall be in an amount (or, with respect to an Alternate
Currency Loan, the Dollar Equivalent (or, in the discretion of Agent, such
approximately comparable amount as shall result in a rounded number)) of not
less than Three Million Dollars ($3,000,000), increased by increments of One
Million Dollars ($1,000,000) (or, with respect to an Alternate Currency Loan,
the Dollar Equivalent (or,

 

29

 

in the discretion of Agent, such approximately comparable amount as
shall result in a rounded number)); and

 

(iii)          a
Swing Loan shall be in an amount of not less than Five Hundred Thousand Dollars
($500,000).

 

(e)           Interest Periods.  At no time shall Borrowers request that LIBOR
Fixed Rate Loans be outstanding for more than twelve different Interest
Periods.

 

Section 2.6.  Payment on Loans and Other Obligations.

 

(a)           Payments Generally.  Each payment made hereunder by a Credit Party
shall be made without any offset, abatement, recoupment, counterclaim,
withholding or reduction whatsoever.

 

(b)           Payments in
Alternate Currency to Agent or Lenders. 
With respect to any Alternate Currency Loan or any Alternate Currency
Letter of Credit, all payments (including prepayments) to any Lender of the
principal of or interest on such Alternate Currency Loan or Alternate Currency
Letter of Credit shall be made in the same Alternate Currency as the original
Loan or Letter of Credit.  All such
payments shall be remitted by Borrowers to Agent, at the address of Agent for
notices referred to in Section 10.4 hereof, (or at such other office or
account as designated in writing by Agent to Administrative Borrower) for the
account of the Lenders (or the Fronting Lender, as appropriate) not later than
11:00 A.M. (Mountain time) on the due date thereof in same day funds.  Any payments received by Agent after 11:00
A.M. (Mountain time) shall be deemed to have been made and received on the next
Business Day.

 

(c)           Payments in Dollars
to Agent or Lenders.  With respect to
(i) any Loan (other than an Alternate Currency Loan), or (ii) any other payment
to Agent and the Lenders that shall not be covered by subsection (b)
above, all such payments (including prepayments) to Agent of the principal of
or interest on such Loan or other payment, including but not limited to
principal, interest, fees or any other amount owed by any Borrower under this
Agreement, shall be made in Dollars.  All
payments described in this subsection (c) shall be remitted to Agent, at
the address of Agent for notices referred to in Section 10.4 hereof, for
the account of the Lenders (or the Fronting Lender or the Swing Line Lender, as
appropriate) not later than 11:00 A.M. (Mountain time) on the due date thereof
in immediately available funds.  Any such
payments received by Agent after 11:00 A.M. (Mountain time) shall be deemed to
have been made and received on the next Business Day.

 

(d)           Payments to Lenders
from Agent.  Upon Agent’s receipt of
payments hereunder, Agent shall immediately distribute to the Lenders (except
with respect to Swing Loans, which shall be paid to the Swing Line Lender or,
with respect to Letters of Credit, certain of which payments shall be made to
the Fronting Lender) their respective ratable shares, if any, of the amount of
principal, interest, and facility and other fees received by Agent for the
account of such Lender.  Payments received
by Agent in Dollars shall be delivered to the Lenders in Dollars in immediately
available funds.  Payments received by
Agent in any Alternate Currency shall be delivered to the Lenders in such
Alternate Currency in same day funds. 
Each Lender shall

 

30

 

record any
principal, interest or other payment, the principal amounts of Base Rate Loans,
LIBOR Fixed Rate Loans, Swing Loans and Letters of Credit, the type of currency
for each Loan, all prepayments and the applicable dates, including Interest
Periods, with respect to the Loans made, and payments received by such Lender,
by such method as such Lender may generally employ; provided, however, that
failure to make any such entry shall in no way detract from the obligations of
Borrowers under this Agreement or any Note. 
The aggregate unpaid amount of Loans, types of Loans, Interest Periods
and similar information with respect to the Loans and Letters of Credit set
forth on the records of Agent shall be rebuttably presumptive evidence with
respect to such information, including the amounts of principal, interest and
fees owing to each Lender.

 

(e)           Timing of Payments.  Whenever any payment to be made hereunder,
including, without limitation, any payment to be made on any Loan, shall be
stated to be due on a day that is not a Business Day, such payment shall be
made on the next Business Day and such extension of time shall in each case be
included in the computation of the interest payable on such Loan; provided,
however, that, with respect to any LIBOR Fixed Rate Loan, if the next Business
Day shall fall in the succeeding calendar month, such payment shall be made on
the preceding Business Day and the relevant Interest Period shall be adjusted
accordingly.

 

Section 2.7.  Prepayment.

 

(a)           Right to Prepay.  Borrowers shall have the right at any time or
from time to time to prepay, on a pro rata basis for all of the Lenders (except
with respect to Swing Loans, which shall be paid to the Swing Line Lender), all
or any part of the principal amount of the Loans, as designated by
Borrowers.  Such payment shall include
interest accrued on the amount so prepaid to the date of such prepayment and
any amount payable under Article III hereof with respect to the amount
being prepaid.  Prepayments of Base Rate
Loans shall be without any premium or penalty, other than any prepayment fees,
penalties or other charges that may be contained in any Hedge Agreement.

 

(b)           Notice of Prepayment.  Administrative Borrower shall give Agent notice
of prepayment of a Base Rate Loan or Swing Loan not later than 1:00 P.M.
(Mountain time) one Business Day before the Business Day on which such
prepayment is to be made and written notice of the prepayment of any LIBOR
Fixed Rate Loan not later than 1:00 P.M. (Mountain time) three Business Days
before the Business Day on which such prepayment is to be made.

 

(c)           Minimum Amount.  Each prepayment of a LIBOR Fixed Rate Loan
shall be in the principal amount of not less than One Million Dollars
($1,000,000), (or, with respect to an Alternate Currency Loan, the Dollar
Equivalent (rounded to a comparable amount of such amount)) or, with respect to
a Swing Loan, the principal balance of such Swing Loan, except in the case of a
mandatory payment pursuant to Section 2.11 or Article III hereof.

 

Section 2.8.  Facility and Other Fees.

 

(a)           Facility Fee.  US Borrowers shall pay to Agent, for the
ratable account of the Lenders, as a consideration for the Commitment, a
facility fee from the Closing Date to and

 

31

 

including the
last day of the Commitment Period, payable quarterly, at a rate per annum equal
to (i) the Applicable Facility Fee Rate in effect on the payment date,
multiplied by (ii) the average daily Total Commitment Amount in effect during
such quarter.  The facility fee shall be
payable quarterly in arrears, on February 28, 2005 and continuing on each
Regularly Scheduled Payment Date thereafter, and on the last day of the
Commitment Period.

 

(b)           Agent Fee.  US Borrowers shall pay to Agent, for its sole
benefit, the fees set forth in the Agent Fee Letter.

 

Section 2.9.  Modifications to Commitment.

 

(a)           Optional Reduction
of Commitment.  Borrowers may at any
time and from time to time permanently reduce in whole or ratably in part the
Commitment hereunder to an amount not less than the then existing Revolving
Credit Exposure, by Administrative Borrower giving Agent not fewer than three
Business Days’ written notice of such reduction, provided that any such partial
reduction shall be in an aggregate amount, for all of the Lenders, of not less
than Five Million Dollars ($5,000,000), increased by increments of One Million
Dollars ($1,000,000).  Agent shall
promptly notify each Lender of the date of each such reduction and such Lender’s
proportionate share thereof.  After each
such reduction, the facility fees payable hereunder shall be calculated upon
the Total Commitment Amount as so reduced. 
If Borrowers reduce in whole the Commitment on the effective date of
such reduction (the appropriate Borrowers having prepaid in full the unpaid
principal balance, if any, of the Loans, together with all interest and
facility and other fees accrued and unpaid and provided that no Letter of
Credit Exposure or Swing Line Exposure shall exist), all of the Notes shall be
delivered to Agent marked “Canceled” and Agent shall redeliver such Notes to
Administrative Borrower.  Any partial
reduction in the Total Commitment Amount shall be effective during the
remainder of the Commitment Period.

 

(b)           Increase in
Commitment.  At any time during the
Commitment Increase Period, Administrative Borrower may request that Agent
increase the Total Commitment Amount from the Closing Commitment Amount up to
the Maximum Commitment Amount by either, at the option of Administrative
Borrower, (i) increasing, for one or more Lenders, with their prior written
consent, their respective Revolving Credit Commitments, or (ii) including one
or more Additional Lenders, acceptable to Administrative Borrower, each with a
new Revolving Credit Commitment, as a party to this Agreement (collectively,
the “Additional Commitment”); provided, however, that existing Lenders shall be
given the first opportunity to provide the Additional Commitments.  During the Commitment Increase Period, the
Lenders agree that Agent, in its sole discretion, may permit one or more
Additional Commitments upon satisfaction of the following requirements: (A)
each Additional Lender, if any, shall execute an Additional Lender Assumption
Agreement, (B) Agent shall provide to each Lender a revised Schedule 1
to this Agreement, including revised Commitment Percentages for each of the
Lenders, if appropriate, at least three Business Days prior to the
effectiveness of such Additional Commitments (each an “Additional Lender
Assumption Effective Date”), and (C) US Borrowers and, as appropriate, each
Foreign Borrower shall execute and deliver to Agent and the Lenders such
replacement or additional Revolving Credit Notes as shall be required by
Agent.  The Lenders hereby authorize
Agent to execute each Additional Lender Assumption Agreement on

 

32

 

behalf of the
Lenders.  On each Additional Lender
Assumption Effective Date, the Lenders shall make adjustments among themselves
with respect to the Revolving Loans then outstanding and amounts of principal,
interest, facility fees and other amounts paid or payable with respect thereto
as shall be necessary, in the opinion of Agent, in order to reallocate among
such Lenders such outstanding amounts, based on the revised Commitment
Percentages and to otherwise carry out fully the intent and terms of this Section 2.9(b).  Borrowers shall not request any increase in
the Commitment pursuant to this Section 2.9(b) if a Default or an Event of
Default shall then exist, or immediately after giving effect to any such
increase would exist.

 

Section 2.10.  Computation of Interest and Fees.  With the exception of Base Rate Loans,
interest on Loans and facility and other fees and charges hereunder shall be
computed on the basis of a year having three hundred sixty (360) days and
calculated for the actual number of days elapsed.  With respect to Base Rate Loans, interest
shall be computed on the basis of a year having three hundred sixty-five (365)
days or three hundred sixty-six (366) days, as the case may be, and calculated
for the actual number of days elapsed.

 

Section 2.11.  Mandatory Payment.

 

(a)           Revolving Credit
Exposure.  If, at any time, the
Revolving Credit Exposure shall exceed the Total Commitment Amount as then in
effect, US Borrowers (and the appropriate Foreign Borrowers) shall, as promptly
as practicable, but in no event later than the next Business Day, prepay an
aggregate principal amount of the Loans sufficient to bring the Revolving
Credit Exposure within the Total Commitment Amount.

 

(b)           Swing Line Exposure.  If, at any time, the Swing Line Exposure
shall exceed the Swing Line Commitment, US Borrowers shall, as promptly as
practicable, but in no event later than the next Business Day, prepay an
aggregate principal amount of the Swing Loans sufficient to bring the Swing
Line Exposure within the Swing Line Commitment.

 

(c)           Mandatory Payments
Generally.  Unless otherwise
designated by Borrowers, each prepayment pursuant to Section 2.11(a)
hereof shall be applied in the following order (i) first, to the outstanding
Base Rate Loans, and (ii) second, to the outstanding LIBOR Fixed Rate Loans,
provided that if the outstanding principal amount of any LIBOR Fixed Rate Loan
shall be reduced to an amount less than the minimum amount set forth in Section 2.5(d)
hereof as a result of such prepayment, then such LIBOR Fixed Rate Loan shall be
converted into a Base Rate Loan on the date of such prepayment.  Any prepayment of a LIBOR Fixed Rate Loan or
Swing Loan pursuant to this Section 2.11 shall be subject to the
prepayment provisions set forth in Article III hereof.

 

Section 2.12.  Liability of Borrowers.

 

(a)           Joint and Several
Liability.  Each US Borrower
acknowledges and agrees that Agent and the Lenders are entering into this
Agreement at the request of each US Borrower and with the understanding that
each US Borrower is and shall remain fully liable, jointly and severally, for
payment in full of the Obligations.  Each
US Borrower agrees that it is receiving or will receive a direct pecuniary
benefit for each Loan made or Letter of Credit issued hereunder.

 

33

 

(b)           Appointment of
Administrative Borrower.  Each
Borrower hereby irrevocably appoints IHS as the borrowing agent and
attorney-in- fact for all Borrowers (“Administrative Borrower”) which
appointment shall remain in full force and effect unless and until Agent shall
have received prior written notice signed by each Borrower that such
appointment has been revoked and that another Borrower has been appointed
Administrative Borrower.  Each Borrower
hereby irrevocably appoints and authorizes Administrative Borrower to (i)
provide Agent with all notices with respect to Loans and Letters of Credit
obtained for the benefit of any Borrower and all other notices and instructions
under this Agreement, (ii) take such action as Administrative Borrower deems
appropriate on its behalf to obtain Loans and Letters of Credit, and (iii)
exercise such other powers as are reasonably incidental thereto to carry out
the purposes of this Agreement.

 

(c)           Maximum Liability of
Each Borrower.  Anything in this
Agreement or any other Loan Document to the contrary notwithstanding, in no
event shall the maximum liability of any Subsidiary Borrower exceed the maximum
amount that (after giving effect to the incurring of the obligations hereunder
and to any rights to contribution of such Subsidiary Borrower from other
Affiliates of such Subsidiary Borrower) would not render the rights to payment
of Agent and the Lenders hereunder void, voidable or avoidable under any
applicable fraudulent transfer law.

 

(d)           Waivers of Each
Borrower.  In the event that any
obligation of any Borrower under this Agreement is deemed to be an agreement by
such Borrower to answer for the debt or default of another Credit Party or as a
hypothecation of property as security therefore, each Borrower represents and
warrants that (i) no representation has been made to such Borrower as to the creditworthiness
of such other Credit Party, and (ii) such Borrower has established adequate
means of obtaining from such other Credit Party on a continuing basis,
financial or other information pertaining to such other Credit Party’s
financial condition.  Each Borrower
expressly waives, except as expressly required under this Agreement, diligence,
demand, presentment, protest and notice of every kind and nature whatsoever,
consents to the taking by Agent and the Lenders of any additional security, if
any, of another Credit Party for the obligations secured hereby, or the
alteration or release in any manner of any security, if any, of another Credit
Party now or hereafter held in connection with the Obligations, and consents
that Agent, the Lenders and any other Credit Party may deal with each other in
connection with such obligations or otherwise, or alter any contracts now or
hereafter existing between them, in any manner whatsoever, including without
limitation the renewal, extension, acceleration or changes in time for payment
of any such obligations or in the terms or conditions of any security
held.  Agent and the Lenders are hereby
expressly given the right, at their option, to proceed in the enforcement of
any of the Obligations independently of any other remedy or security they may
at any time hold in connection with such obligations secured and it shall not
be necessary for Agent and the Lenders to proceed upon or against or exhaust
any other security or remedy before proceeding to enforce their rights against
such Borrower.  Each Borrower further
subordinates any right of subrogation, reimbursement, exoneration,
contribution, indemnification, setoff or other recourse in respect of sums paid
to Agent and the Lenders by any other Credit Party.

 

34

 

(e)           Liability of Foreign
Borrowers.  Anything herein to the
contrary notwithstanding, no Foreign Borrower shall at any time be liable for
the Indebtedness of US Borrowers under this Agreement.

 

Section 2.13.  Addition of Foreign Borrowers or Foreign
Guarantors.

 

(a)           Addition of Foreign
Borrower.  At the request of
Administrative Borrower, a Foreign Subsidiary of IHS that shall not then be a
Foreign Borrower may become a Foreign Borrower hereunder, provided that all of
the following requirements shall have been met to the satisfaction of
Agent:  (i) Administrative Borrower shall
have provided to Agent a written request that such Foreign Subsidiary be
designated as a Foreign Borrower pursuant to the terms of this Agreement, which
request shall specify the amount of Revolving Loans and Letters of Credit
requested to be made available to such Foreign Subsidiary (the “Requested
Availability”); (ii) Agent shall have approved the amount of the Requested
Availability or otherwise agreed with Administrative Borrower as to the revised
amount of availability, and, upon such approval or reaching such agreement,
Agent is hereby authorized to record such amount on Schedule 4
hereto as the “Additional Foreign Borrower Maximum Amount” with respect to such
Foreign Subsidiary; (iii) such Foreign Subsidiary shall be a Wholly-Owned
Subsidiary of IHS; (iv) IHS and each Domestic Guarantor of Payment shall have
guaranteed the obligations of such Foreign Subsidiary under this Agreement
pursuant to the terms of a Guaranty of Payment; (v) such Foreign Subsidiary
shall have executed a Foreign Borrower Assumption Agreement and Foreign
Borrower Revolving Credit Notes, and any other Foreign Subsidiary that Agent
and Administrative Borrower agree shall become a Foreign Guarantor of Payment
with respect to such Foreign Subsidiary, shall have executed a Guaranty of
Payment with respect to the obligations of such Foreign Subsidiary (provided
that there shall be no adverse tax consequences or adverse legal impact); and
(vi) IHS and such Foreign Subsidiary that shall become a Foreign Guarantor of
Payment shall have provided to Agent such corporate governance and
authorization documents and an opinion of counsel and any other items as may be
deemed necessary or advisable by Agent.

 

(b)           Addition of Foreign
Guarantor of Payment.  At the request
of Administrative Borrower, a Foreign Subsidiary of IHS that shall not then be
a Foreign Guarantor of Payment may become a Foreign Guarantor of Payment
hereunder, provided that all of the following requirements shall have been met
to the satisfaction of Agent: (i) Administrative Borrower shall have provided
to Agent a written request that such Foreign Subsidiary be designated as a
Foreign Guarantor of Payment pursuant to the terms of this Agreement, which
request shall specify the Requested Availability for such Foreign Subsidiary;
(ii) Agent shall have approved the amount of the Requested Availability or
otherwise agreed with Administrative Borrower as to the revised amount of
availability, and, upon such approval or reaching such agreement, Agent is
hereby authorized to record such amount on Schedule 4 hereto as the
“Additional Foreign Guarantor Maximum Amount” with respect to such Foreign
Subsidiary; (ii) such Foreign Subsidiary shall be a Wholly-Owned Subsidiary of
IHS; (iii) such Foreign Subsidiary shall have executed a Guaranty of Payment
with respect to the obligations of one or more Foreign Borrowers as may be
required by Agent (provided that there shall be no adverse tax consequences or
adverse legal impact); and (iii) such Foreign Subsidiary that shall become a
Foreign Guarantor of Payment

 

35

 

shall have
provided to Agent such corporate governance and authorization documents and an
opinion of counsel and any other items as may be deemed necessary or advisable
by Agent.

 

(c)           Additional Credit
Party Bound by Provisions.  Upon
satisfaction by Administrative Borrower and any such Foreign Subsidiary of the
requirements set forth in subsections (a) and (b) above, Agent shall promptly
notify Administrative Borrower and the Lenders, whereupon such Foreign
Subsidiary shall be designated a “Foreign Borrower” or “Foreign Guarantor of
Payment”, as applicable, pursuant to the terms and conditions of this
Agreement, and such Foreign Subsidiary shall become bound by all
representations, warranties, covenants, provisions and conditions of this
Agreement and each other Loan Document applicable to the Foreign Borrowers or
Foreign Guarantors of Payment, as the case may be, as if such Foreign Borrower
or Foreign Guarantor had been the original party making such representations,
warranties and covenants.

 

(d)           Alternative
Structures.  Agent, the Lenders and
Borrowers agree that if the addition of a Foreign Borrower or Foreign Guarantor
of Payment pursuant to this Section would result in a requirement by such
Foreign Borrower or Foreign Guarantor of Payment to pay to any Lenders
additional amounts pursuant to Section 3.2 hereof, then Agent, the Lenders
and Borrowers agree to use reasonable efforts to designate a different lending
office or otherwise propose an alternate structure that would avoid the need
for, or reduce the amount of, such additional amounts so long as the same would
not, in the judgment of Agent and the Lenders, be otherwise disadvantageous to
Agent and the Lenders.

 

Section 2.14.  Extension of Commitment.  Contemporaneously with the delivery of the
financial statements required pursuant to Section 5.3(b) hereof (beginning
with the financial statements for the fiscal year of IHS ending November 30,
2005), Borrowers may deliver a Request for Extension, requesting that the
Lenders extend the maturity of the Commitment for an additional year.  Each such extension shall require the unanimous
written consent of all of the Lenders and shall be upon such terms and
conditions as may be agreed to by Agent, Borrowers and the Lenders.  Borrowers shall pay any attorneys’ fees or
other expenses of Agent in connection with the documentation of any such
extension, as well as such other fees as may be agreed upon between Borrowers
and Agent.

 

ARTICLE III.  ADDITIONAL PROVISIONS RELATING TO

LIBOR FIXED RATE LOANS; INCREASED CAPITAL; TAXES

 

Section 3.1.  Requirements of Law.

 

(a)           If, after the Closing Date,
(i) the adoption of or any change in any Requirement of Law or in the
interpretation or application thereof or (ii) the compliance by any Lender with
any request or directive (whether or not having the force of law) from any
central bank or other Governmental Authority:

 

(A)          shall
subject any Lender to any tax of any kind whatsoever with respect to this
Agreement, any Letter of Credit or any LIBOR Fixed Rate Loan made by it, or

 

36

 

change the basis of taxation of payments to such Lender in respect
thereof (except for Taxes and Excluded Taxes which are governed by Section 3.2
hereof);

 

(B)           shall
impose, modify or hold applicable any reserve, special deposit, compulsory loan
or similar requirement against assets held by, deposits or other liabilities in
or for the account of, advances, loans or other extensions of credit by, or any
other acquisition of funds by, any office of such Lender that is not otherwise
included in the determination of the Eurodollar Rate or the Alternate Currency
Rate; or

 

(C)           shall
impose on such Lender any other condition;

 

and the result
of any of the foregoing is to increase the cost to such Lender of making,
converting into, continuing or maintaining LIBOR Fixed Rate Loans or issuing or
participating in Letters of Credit, or to reduce any amount receivable
hereunder in respect thereof, then, in any such case, US Borrowers (and any
Foreign Borrower to which such Loan was made) shall pay to such Lender,
promptly after receipt of a written request therefor, any additional amounts
necessary to compensate such Lender for such increased cost or reduced amount
receivable.  If any Lender becomes
entitled to claim any additional amounts pursuant to this subsection (a),
such Lender shall promptly notify Administrative Borrower (with a copy to
Agent) of the event by reason of which it has become so entitled.

 

(b)           If any Lender shall
have determined that, after the Closing Date, the adoption of or any change in
any Requirement of Law regarding capital adequacy or in the interpretation or
application thereof or compliance by such Lender or any corporation controlling
such Lender with any request or directive regarding capital adequacy (whether
or not having the force of law) from any Governmental Authority shall have the
effect of reducing the rate of return on such Lender’s or such corporation’s
capital as a consequence of its obligations hereunder, or under or in respect
of any Letter of Credit, to a level below that which such Lender or such corporation
could have achieved but for such adoption, change or compliance (taking into
consideration the policies of such Lender or corporation with respect to
capital adequacy), then from time to time, upon submission by such Lender to
Administrative Borrower (with a copy to Agent) of a written request therefor
(which shall include the method for calculating such amount), US Borrowers (and
any Foreign Borrower to which such Loan was made) shall promptly pay or cause
to be paid to such Lender such additional amount or amounts as will compensate
such Lender for such reduction.

 

(c)           A certificate as to any
additional amounts payable pursuant to this Section 3.1 submitted by any
Lender to Administrative Borrower (with a copy to Agent) shall be conclusive
absent manifest error.  In determining
any such additional amounts, such Lender may use any method of averaging and
attribution that it (in its sole discretion) shall deem applicable.  The obligations of Borrowers pursuant to this
Section 3.1 shall survive the termination of this Agreement and the
payment of the Loans and all other amounts payable hereunder.

 

37

 

Section 3.2.  Taxes.

 

(a)           All payments made by
any Credit Party under any Loan Document shall be made free and clear of, and
without deduction or withholding for or on account of any Taxes or Other
Taxes.  If any Taxes or Other Taxes are
required to be deducted or withheld from any amounts payable to Agent or any
Lender hereunder, the amounts so payable to Agent or such Lender shall be
increased to the extent necessary to yield to Agent or such Lender (after
deducting, withholding and payment of all Taxes and Other Taxes) interest or
any such other amounts payable hereunder at the rates or in the amounts specified
in the Loan Documents.

 

(b)           In addition, the Credit
Parties shall pay Taxes and Other Taxes to the relevant Governmental Authority
in accordance with applicable law.

 

(c)           Whenever any Taxes or
Other Taxes are required to be withheld and paid by a Credit Party, such Credit
Party shall timely withhold and pay such taxes to the relevant Governmental
Authorities.  As promptly as possible
thereafter, such Credit Party shall send to Agent for its own account or for the
account of the relevant Lender, as the case may be, a certified copy of an
original official receipt received by such Credit Party showing payment
thereof.  If such Credit Party shall fail
to pay any Taxes or Other Taxes when due to the appropriate Governmental
Authority or fails to remit to Agent the required receipts or other required
documentary evidence, US Borrowers and such Credit Party shall indemnify Agent
and the Lenders on demand for any incremental Taxes or Other Taxes paid or
payable by Agent or such Lender as a result of any such failure.

 

(d)           If any Lender shall be
so indemnified by a Credit Party, such Lender shall use reasonable efforts to
obtain the benefits of any refund, deduction or credit for any taxes or other
amounts with respect to the amount paid by such Credit Party and shall
reimburse such Credit Party to the extent, but only to the extent, that such
Lender shall receive a refund with respect to the amount paid by such Credit
Party or an effective net reduction in taxes or other governmental charges
(including any taxes imposed on or measured by the total net income of such
Lender) of the United States or any state or subdivision or any other
Governmental Authority thereof by virtue of any such deduction or credit, after
first giving effect to all other deductions and credits otherwise available to
such Lender.  If, at the time any audit
of such Lender’s income tax return is completed, such Lender determines, based
on such audit, that it shall not have been entitled to the full amount of any
refund reimbursed to such Credit Party as aforesaid or that its net income
taxes shall not have been reduced by a credit or deduction for the full amount
reimbursed to such Credit Party as aforesaid, such Credit Party, upon request
of such Lender, shall promptly pay to such Lender the amount so refunded to
which such Lender shall not have been so entitled, or the amount by which the
net income taxes of such Lender shall not have been so reduced, as the case may
be.

 

(e)           Each Lender that is not
(i) a citizen or resident of the United States of America, (ii) a corporation,
partnership or other entity created or organized in or under the laws of the
United States of America (or any jurisdiction thereof), or (iii) an estate or
trust that is subject to federal income taxation regardless of the source of
its income (any such Person, a “Non-U.S. Lender”) shall deliver to
Administrative Borrower and Agent two copies of either U.S. Internal

 

38

 

Revenue
Service Form W-8BEN or Form W-8ECI, or, in the case of a Non-U.S. Lender
claiming exemption from U.S. federal withholding tax under Section 871(h)
or 881(c) of the Code with respect to payments of “portfolio interest”, a
statement with respect to such interest and a Form W-8BEN, or any subsequent
versions thereof or successors thereto, properly completed and duly executed by
such Non-U.S. Lender claiming complete exemption from, or a reduced rate of,
U.S. federal withholding tax on all payments by Credit Parties under this
Agreement and the other Loan Documents. 
Such forms shall be delivered by each Non-U.S. Lender on or before the
date it becomes a party to this Agreement or such other Loan Document.  In addition, each Non-U.S. Lender shall
deliver such forms or appropriate replacements promptly upon the obsolescence
or invalidity of any form previously delivered by such Non-U.S. Lender.  Each Non-U.S. Lender shall promptly notify
Administrative Borrower at any time it determines that such Lender is no longer
in a position to provide any previously delivered certificate to Administrative
Borrower (or any other form of certification adopted by the U.S. taxing
authorities for such purpose). 
Notwithstanding any other provision of this subsection (e), a
Non-U.S. Lender shall not be required to deliver any form pursuant to this subsection (e)
that such Non-U.S. Lender is not legally able to deliver.

 

(f)            The agreements in this
Section 3.2 shall survive the termination of the Loan Documents and the
payment of the Loans and all other amounts payable hereunder.

 

Section 3.3.  Funding Losses.  US Borrowers (and any appropriate Foreign
Borrower) agree to indemnify each Lender, promptly after receipt of a written
request therefor, and to hold each Lender harmless from, any loss or expense
that such Lender may sustain or incur as a consequence of (a) default by a
Borrower in making a borrowing of, conversion into or continuation of LIBOR
Fixed Rate Loans after such Borrower has given a notice requesting the same in
accordance with the provisions of this Agreement, (b) default by a Borrower in
making any prepayment of or conversion from LIBOR Fixed Rate Loans after such
Borrower has given a notice thereof in accordance with the provisions of this
Agreement, (c) the making of a prepayment of a LIBOR Fixed Rate Loan on a day
that is not the last day of an Interest Period applicable thereto, (d) any
conversion of a LIBOR Fixed Rate Loan to a Base Rate Loan on a day that is not
the last day of an Interest Period applicable thereto.  Such indemnification shall be in an amount
equal to the excess, if any, of (i) the amount of interest that would have
accrued on the amounts so prepaid, or not so borrowed, converted or continued,
for the period from the date of such prepayment or of such failure to borrow,
convert or continue to the last day of such Interest Period (or, in the case of
a failure to borrow, convert or continue, the Interest Period that would have
commenced on the date of such failure) in each case at the applicable rate of
interest for such Loans provided for herein (excluding, however, the Applicable
Margin included therein, if any) over (ii) the amount of interest (as
reasonably determined by such Lender) that would have accrued to such Lender on
such amount b y placing such amount on deposit for a comparable period with
leading banks in the appropriate London interbank market, along with any
administration fee charged by such Lender. 
A certificate as to any amounts payable pursuant to this Section 3.3
submitted to Borrower (with a copy to Agent) by any Lender shall be conclusive
absent manifest error.  The obligations
of Administrative Borrower pursuant to this Section 3.3 shall survive the
termination of this Agreement and the payment of the Loans and all other
amounts payable hereunder.

 

39

 

Section 3.4.  Eurodollar Rate or Alternate Currency Rate
Lending Unlawful; Inability to Determine Rate.

 

(a)           If any Lender shall
determine (which determination shall, upon notice thereof to Administrative
Borrower and Agent, be conclusive and binding on Borrowers) that, after the
Closing Date, (i) the introduction of or any change in or in the interpretation
of any law makes it unlawful, or (ii) any Governmental Authority asserts that
it is unlawful, for such Lender to make or continue any Loan as, or to convert
(if permitted pursuant to this Agreement) any Loan into, a LIBOR Fixed Rate
Loan, the obligations of such Lender to make, continue or convert any such
LIBOR Fixed Rate Loan shall, upon such determination, be suspended until such
Lender shall notify Agent that the circumstances causing such suspension no
longer exist, and all outstanding LIBOR Fixed Rate Loans payable to such Lender
shall automatically convert (if conversion is permitted under this Agreement)
into a Base Rate Loan, or be repaid (if no conversion is permitted) at the end
of the then current Interest Periods with respect thereto or sooner, if
required by law or such assertion.

 

(b)           If Agent or the
Required Lenders determine that for any reason adequate and reasonable means do
not exist for determining the Eurodollar Rate or Alternate Currency Rate for
any requested Interest Period with respect to a proposed LIBOR Fixed Rate Loan,
or that the Eurodollar Rate or Alternate Currency Rate for any requested
Interest Period with respect to a proposed LIBOR Fixed Rate Loan does not
adequately and fairly reflect the cost to the Lenders of funding such Loan,
Agent will promptly so notify Administrative Borrower and each Lender.  Thereafter, the obligation of the Lenders to make
or maintain such LIBOR Fixed Rate Loan shall be suspended until Agent (upon the
instruction of the Required Lenders) revokes such notice.  Upon receipt of such notice, Administrative
Borrower may revoke any pending request for a borrowing of, conversion to or
continuation of such LIBOR Fixed Rate Loan or, failing that, will be deemed to
have converted such request into a request for a borrowing of a Base Rate Loan
in the amount specified therein.

 

ARTICLE IV.  CONDITIONS PRECEDENT

 

Section 4.1.  Conditions to Each Credit Event.  The obligation of the Lenders, the Fronting
Lender and the Swing Line Lender to participate in any Credit Event shall be
conditioned, in the case of each Credit Event, upon the following:

 

(a)           all conditions
precedent as listed in Section 4.2 hereof required to be satisfied prior
to the first Credit Event shall have been satisfied prior to or as of the first
Credit Event;

 

(b)           Administrative Borrower
shall have submitted a Notice of Loan (or with respect to a Letter of Credit,
complied with the provisions of Section 2.2(b) hereof) and otherwise
complied with Section 2.5 hereof;

 

(c)           no Default or Event of
Default shall then exist or immediately after the Credit Event would exist; and

 

40

 

(d)           each of the
representations and warranties contained in Article VI hereof shall be
true in all material respects as if made on and as of the date of the Credit
Event, except to the extent that any thereof expressly relate to an earlier
date.

 

Each request
by Borrowers (or Administrative Borrower) for a Credit Event shall be deemed to
be a representation and warranty by Borrowers as of the date of such request as
to the satisfaction of the conditions precedent specified in subsections (c)
and (d) above.

 

Section 4.2.  Conditions to the First Credit Event.  The obligation of the Lenders, the Fronting
Lender and the Swing Line Lender to participate in the first Credit Event is
subject to Borrowers satisfying each of the following conditions prior to or
concurrently with such Credit Event:

 

(a)           Notes.  US Borrowers shall have executed and
delivered to each Lender a U.S. Revolving Credit Note, each Foreign Borrower
shall have executed and delivered to each Lender a Foreign Borrower Revolving
Credit Note, and IHS shall have executed and delivered to the Swing Line Lender
the Swing Line Note.

 

(b)           Guaranties of
Payment.  Each Domestic Guarantor of
Payment shall have executed and delivered to Agent a Guaranty of Payment and
each Foreign Guarantor of Payment (other than the Companies set forth in Section 4.3(c)
hereof) shall have executed and delivered to Agent a Confirmation of Guaranty
of Payment.

 

(c)           Officer’s
Certificate, Resolutions, Organizational Documents.  Each Borrower and Domestic Guarantor of Payment
shall have delivered to Agent an officer’s certificate (or comparable domestic
or foreign documents) certifying the names of the officers of such Credit Party
authorized to sign the Loan Documents, together with the true signatures of
such officers and certified copies of (i) the resolutions of the board of
directors (or comparable domestic or foreign documents) of such Credit Party
evidencing approval of the execution and delivery of the Loan Documents and the
execution of other Related Writings to which such Credit Party is a party, and
(ii) the Organizational Documents of such Credit Party.

 

(d)           Good Standing and
Full Force and Effect Certificates. 
Borrowers shall have delivered to Agent a good standing certificate or
full force and effect certificate, as the case may be, for each Borrower and
Domestic Guarantor of Payment, issued on or about the Closing Date by the
Secretary of State in the state or states where such Credit Party is
incorporated or formed.

 

(e)           Agent Fee Letter,
Closing Fee Letter and Other Fees. 
Borrowers shall have (i) executed and delivered to Agent the Agent Fee
Letter and paid to Agent, for its sole account, the fees stated therein, (ii)
executed and delivered to Agent the Closing Fee Letter and paid to Agent, for
the benefit of the Lenders, the fees stated therein, and (iii) paid all legal
fees and expenses of Agent in connection with the preparation and negotiation
of the Loan Documents.

 

(f)            Lien Searches.
With respect to the property owned or leased by each Borrower and Domestic
Guarantor of Payment, Borrowers shall have caused to be delivered to Agent (i)
the results of Uniform Commercial Code lien searches (updated since the closing
of the Original

 

41

 

Credit
Agreement), satisfactory to Agent and the Lenders, (ii) the results of federal
and state tax lien and judicial lien searches, satisfactory to Agent and the
Lenders, and (iii) Uniform Commercial Code termination statements reflecting
termination of all financing statements previously filed by any Person and not
expressly permitted pursuant to Section 5.9 hereof.

 

(g)           Closing Certificate.  Borrowers shall have delivered to Agent and
the Lenders an officer’s certificate certifying that, as of the Closing Date,
(i) all conditions precedent set forth in this Article IV have been
satisfied, (ii) no Default or Event of Default exists nor immediately after the
making of the first Loan or the issuance of the first Letter of Credit will
exist, and (iii) each of the representations and warranties contained in Article VI
hereof are true and correct as of the Closing Date.

 

(h)           No Material Adverse
Change.  No material adverse change,
in the opinion of Agent, shall have occurred in the financial condition,
operations or prospects of the Companies since August 31, 2004.

 

(i)            Miscellaneous.  Borrowers shall have provided to Agent and
the Lenders such other items and shall have satisfied such other conditions as
may be reasonably required by Agent or the Lenders.

 

Section 4.3.  Post-Closing Conditions.

 

(a)           Schedules.  No later than seven days after the Closing
Date, Borrower shall have delivered to Agent, in form and substance
satisfactory to Agent and the Lenders, final schedules to this Agreement;

 

(b)           Legal Opinion.  No later than thirty (30) days after the
Closing Date, Borrowers shall have delivered to Agent an opinion of counsel for
each Borrower and Domestic Guarantor of Payment, in form and substance
satisfactory to Agent and the Lenders.

 

(c)           New Foreign
Guarantors of Payment.  No later than
thirty (30) days after the Closing Date (unless a longer period is agreed to in
writing by Agent), Research Associates (Canada) Inc., Cambridge Energy Research
Associates (Germany) GmbH and Cambridge Energy Research Associates (UK)
Limited, shall each execute and deliver to Agent, for the benefit of the
Lenders, a Guaranty of Payment and Administrative Borrower shall deliver to
Agent such other supporting documentation, corporate governance and
authorization documents, and an opinion of counsel as may be deemed necessary
or advisable by Agent; provided that, if the execution and delivery of such
Guaranty of Payment, under the laws of such foreign jurisdiction is impractical
or cost prohibitive, in the opinion of Agent, after consultation with Administrative
Borrower, then Agent may forego such Guaranty of Payment in such foreign
jurisdiction.

 

42

 

ARTICLE V.  COVENANTS

 

Section 5.1.  Insurance.  Each Company shall (a) maintain insurance to
such extent and against such hazards and liabilities as is commonly maintained
by Persons similarly situated; and (b) within ten days of any Lender’s written
request, furnish to such Lender such information about such Company’s insurance
as that Lender may from time to time reasonably request, which information
shall be prepared in form and detail satisfactory to such Lender and certified
by a Financial Officer of such Company.

 

Section 5.2.  Money Obligations.  Each Company shall pay in full (a) prior in
each case to the date when penalties would attach, all taxes, assessments and
governmental charges and levies (except only those so long as and to the extent
that the same shall be contested in good faith by appropriate and timely
proceedings and for which adequate provisions have been established in
accordance with GAAP) for which it may be or become liable or to which any or
all of its properties may be or become subject; (b) in the case of each US
Borrower, all of its wage obligations to its employees in compliance with the
Fair Labor Standards Act (29 U.S.C. §§ 206-207) or any comparable
provisions; and (c) except to the extent that the nonpayment would not have a
Material Adverse Effect, all of its other obligations calling for the payment
of money (except only those so long as and to the extent that the same shall be
contested in good faith and for which adequate provisions have been established
in accordance with GAAP) before such payment becomes overdue.

 

Section 5.3.  Financial Statements and Information.

 

(a)           Quarterly Financials.  Borrowers shall deliver to Agent and the
Lenders, within forty- five (45) days after the end of each of the first three
quarter-annual periods of each fiscal year of IHS, balance sheets of the
Companies as of the end of such period and statements of income (loss) and
cash- flow for the quarter and fiscal year to date periods, all prepared on a
Consolidated and consolidating basis, in accordance with GAAP, and in form and
detail satisfactory to Agent and the Lenders and certified by a Financial
Officer of IHS.

 

(b)           Annual Audit Report.  Borrowers shall deliver to Agent and the
Lenders, within ninety (90) days after the end of each fiscal year of IHS, an
annual audit report of the Companies for that year prepared on a Consolidated
and consolidating basis, in accordance with GAAP, and in form and detail
satisfactory to Agent and the Lenders and certified by an independent public
accountant satisfactory to Agent, which report shall include balance sheets and
statements of income (loss), stockholders’ equity and cash-flow for that
period.

 

(c)           Compliance
Certificate.  Borrowers shall deliver
to Agent and the Lenders, concurrently with the delivery of the financial
statements set forth in subsections (a) and (b) above, a Compliance
Certificate.

 

(d)           Management Report.  Borrowers shall deliver to Agent and the
Lenders, concurrently with the delivery of the quarterly and annual financial
statements set forth in subsection (b) above, a copy of any management
report, letter or similar writing furnished to the Companies by the accountants
in respect of the Companies’ systems, operations, financial condition or
properties.

 

43

 

(e)           Shareholder and SEC
Documents.  Borrowers shall deliver
to Agent and the Lenders, as soon as available, copies of all notices, reports,
definitive proxy or other statements and other documents sent by Borrowers to
their shareholders, to the holders of any of its debentures or bonds or the
trustee of any indenture securing the same or pursuant to which they are
issued, or sent by Borrowers (in final form) to any securities exchange or over
the counter authority or system, or to the SEC or any similar federal agency
having regulatory jurisdiction over the issuance of any Borrower’s securities.

 

(f)            Financial
Information of Companies.  Borrowers
shall deliver to Agent and the Lenders, within ten days of the written request
of Agent or any Lender, such other information about the financial condition,
properties and operations of any Company as Agent or such Lender may from time
to time reasonably request, which information shall be submitted in form and
detail satisfactory to Agent or such Lender and certified by a Financial
Officer of the Company or Companies in question.

 

Notwithstanding
anything herein to the contrary, after the completion of the IHS IPO, Borrowers
shall be required to deliver to Agent and the Lenders the financial statements,
pursuant to subsections (a) and (b) above, within the time period required by
the SEC for financial reporting by public companies.

 

Section 5.4.  Financial Records.  Each Company shall at all times maintain true
and complete records and books of account, including, without limiting the
generality of the foregoing, appropriate provisions for possible losses and
liabilities, all in accordance with GAAP, and at all reasonable times (during
normal business hours and upon notice to such Company) permit Agent, or any
representative of Agent, to examine such Company’s books and records and to
make excerpts therefrom and transcripts thereof.

 

Section 5.5.  Franchises; Change in Business.

 

(a)           Each Company (other
than a Dormant Subsidiary) shall preserve and maintain at all times its
existence, and its rights and franchises material to its business, except as otherwise
permitted pursuant to Section 5.12 hereof.

 

(b)           No Company shall engage
in any business if, as a result thereof, the general nature of the business of
the Companies taken as a whole would be substantially changed from the general
nature of the business the Companies are engaged in on the Closing Date.

 

Section 5.6.  ERISA Compliance.  No Company shall incur any material
accumulated funding deficiency within the meaning of ERISA, or any material
liability to the PBGC, established thereunder in connection with any ERISA
Plan. Borrowers shall furnish to the Lenders (a) as soon as possible and in any
event within thirty (30) days after any Company knows or has reason to know
that any Reportable Event with respect to any ERISA Plan has occurred, a statement
of a Financial Officer of such Company, setting forth details as to such
Reportable Event and the action that such Company proposes to take with respect
thereto, together with a copy of the notice of such Reportable Event given to
the PBGC if a copy of such notice is available to such Company, and (b)
promptly after receipt thereof a copy of any notice

 

44

 

such Company,
or any member of the Controlled Group may receive from the PBGC or the Internal
Revenue Service with respect to any ERISA Plan administered by such Company;
provided that this latter clause shall not apply to notices of general
application promulgated by the PBGC or the Internal Revenue Service.  Borrowers shall promptly notify the Lenders
of any material taxes assessed, proposed to be assessed or that Borrowers have
reason to believe may be assessed against a Company by the Internal Revenue
Service with respect to any ERISA Plan. As used in this Section 5.6, “material”
means the measure of a matter of significance that shall be determined as being
an amount equal to five percent (5%) of Consolidated Net Worth.  As soon as practicable, and in any event
within twenty (20) days, after any Company shall become aware that an ERISA
Event shall have occurred, such Company shall provide Agent with notice of such
ERISA Event with a certificate by a Financial Officer of such Company setting
forth the details of the event and the action such Company or another
Controlled Group member proposes to take with respect thereto.  Borrowers shall, at the request of Agent or
any Lender, deliver or cause to be delivered to Agent or such Lender, as the
case may be, true and correct copies of any documents relating to the ERISA
Plan of any Company.

 

Section 5.7.  Financial Covenants.

 

(a)           Leverage Ratio.  Borrowers shall not suffer or permit at any
time the Leverage Ratio to exceed 2.00 to 1.00; provided, however, that, upon
(i) the completion of the IHS IPO, and (ii) the receipt by IHS of net proceeds
from the IHS IPO of at least One Hundred Million Dollars ($100,000,000),
Borrowers shall not suffer or permit at any time the Leverage Ratio to exceed
2.50 to 1.00.

 

(b)           Fixed Charge
Coverage Ratio.  Borrowers shall not
suffer or permit at any time the Fixed Charge Coverage Ratio to be less than
1.10 to 1.00.

 

Section 5.8.  Borrowing.  No Company shall create, incur or have
outstanding any Indebtedness of any kind; provided that this Section 5.8
shall not apply to the following:

 

(a)           the Loans, the Letters
of Credit and any other Indebtedness under this Agreement;

 

(b)           any loans granted to or
Capitalized Lease Obligations entered into by any Company for the purchase or
lease of fixed assets (and refinancings of such loans or Capitalized Lease
Obligations), which loans and Capitalized Lease Obligations shall only be
secured by the fixed assets being purchased, so long as the aggregate principal
amount of all such loans and Capitalized Lease Obligations for all Companies
shall not exceed Ten Million Dollars ($10,000,000) at any time outstanding;

 

(c)           the Indebtedness
existing on the Closing Date, in addition to the other Indebtedness permitted
to be incurred pursuant to this Section 5.8, as set forth in Schedule 5.8
hereto (and any extension, renewal or refinancing thereof so long as the
principal amount thereof shall not be increased after the Closing Date);

 

(d)           loans to a Company from
a Company so long as each such Company is a Credit Party;

 

45

 

(e)                                  Indebtedness
under any Hedge Agreement, so long as such Hedge Agreement shall have been
entered into in the ordinary course of business and not for speculative
purposes;

 

(f)                                    Permitted
Foreign Subsidiary Loans and Investments; and

 

(g)                                 additional
unsecured Indebtedness, so long as the aggregate principal amount of all such
Indebtedness for all Companies shall not exceed Twenty Million Dollars
($20,000,000) at any time outstanding, provided that the financial covenants
and defaults under the agreements relating to such Indebtedness (for an
aggregate amount of Indebtedness over One Million Dollars ($1,000,000)) shall
not be more restrictive than any such provisions of this Agreement.

 

Section 5.9.  Liens. 
No Company shall create, assume or suffer to exist (upon the happening
of a contingency or otherwise) any Lien upon any of its property or assets,
whether now owned or hereafter acquired; provided that this Section 5.9
shall not apply to the following:

 

(a)                                  Liens
for taxes not yet due or that are being actively contested in good faith by
appropriate proceedings and for which adequate reserves shall have been
established in accordance with GAAP;

 

(b)                                 other
statutory Liens incidental to the conduct of its business or the ownership of
its property and assets that (i) were not incurred in connection with the
borrowing of money or the obtaining of advances or credit, and (ii) do not
in the aggregate materially detract from the value of its property or assets or
materially impair the use thereof in the operation of its business;

 

(c)                                  Liens
on property or assets of a Subsidiary to secure obligations of such Subsidiary
to a Credit Party;

 

(d)                                 purchase
money Liens on fixed assets securing the loans and Capitalized Lease
Obligations pursuant to Section 5.8 (b) hereof, provided that
such Lien is limited to the purchase price and only attaches to the property
being acquired;

 

(e)                                  the
Liens existing on the Closing Date as set forth in Schedule 5.9
hereto and replacements, extensions, renewals, refundings or refinancings thereof,
but only to the extent that the amount of debt secured thereby shall not be
increased;

 

(f)                                    easements
or other minor defects or irregularities in title of real property not
interfering in any material respect with the use of such property in the business
of any Company;

 

(g)                                 any
Lien granted to Agent, for the benefit of the Lenders; and

 

(h)                                 other
Liens, in addition to the Liens listed above, securing amounts, in the
aggregate for all Companies, not to exceed Five Million Dollars ($5,000,000)
and not incurred in connection with the borrowing of money.

 

46

 

No Company
shall enter into any contract or agreement (other than a contract or agreement
entered into in connection with the purchase or lease of fixed assets that
prohibits Liens on such fixed assets or a contract or agreement entered into in
the ordinary course of business that does not permit Liens on, or collateral
assignment of, the property relating to such contract or agreement) that would
prohibit Agent or the Lenders from acquiring a security interest, mortgage or
other Lien on, or a collateral assignment of, any of the material property or
assets of such Company.

 

Section 5.10.  Regulations T, U and X.  No Company shall take any action that would
result in any non-compliance of the Loans or Letters of Credit with Regulations
T, U or X, or any other applicable regulation, of the Board of Governors of the
Federal Reserve System.

 

Section 5.11.  Investments, Loans and Guaranties.  No Company shall, without the prior written
consent of Agent and the Required Lenders, (a) create, acquire or hold any
Subsidiary, (b) make or hold any investment in any stocks, bonds or
securities of any kind, (c) be or become a party to any joint venture or
other partnership, (d) make or keep outstanding any advance or loan (in
cash) to any Person, or (e) be or become a Guarantor of any kind; provided
that this Section 5.11 shall not apply to the following:

 

(i)                                     any endorsement of
a check or other medium of payment for deposit or collection through normal
banking channels or similar transaction in the normal course of business;

 

(ii)                                  any investment in
direct obligations of the United States of America or in certificates of
deposit issued by a member bank (having capital resources in excess of One
Hundred Million Dollars ($100,000,000)) of the Federal Reserve System;

 

(iii)                               any investment in
commercial paper or securities that at the time of such investment is assigned
the highest quality rating in accordance with the rating systems employed by
either Moody’s or Standard & Poor’s;

 

(iv)                              the holding of
Subsidiaries listed on Schedule 6.1 hereto and investments therein
existing on the Closing Date;

 

(v)                                 the holding of
interests in joint ventures (including any Joint Venture Subsidiary) listed on Schedule 5.11
hereto and the investments therein existing on the Closing Date;

 

(vi)                              the holding of interests
in joint ventures (including any Joint Venture Subsidiary) created pursuant to
contract after the Closing Date so long as all investments therein, together
with Permitted Investments, do not in the aggregate exceed Twenty Million
Dollars ($20,000,000);

 

(vii)                           investments in, loans to and
guaranties of Indebtedness of a Company by or from a Company so long as each
such Company is a Credit Party;

 

47

 

(viii)                        any Permitted Investment or
Permitted Foreign Subsidiary Loans and Investments, so long as no Default or
Event of Default shall then exist or would result therefrom;

 

(ix)                                the creation of a
Subsidiary, including for the purpose of making an Acquisition permitted by Section 5.13
hereof, so long as such Subsidiary becomes a Guarantor of Payment promptly
following such creation or Acquisition (unless such Subsidiary shall be a Joint
Venture Subsidiary);

 

(x)                                   the holding of any
Subsidiary as a result of an Acquisition made pursuant to Section 5.13
hereof so long as such Subsidiary becomes a Guarantor of Payment promptly
following such Acquisition;

 

(xi)                                any
advance or loan to an officer or employee of a Company as an advance on
commissions, travel and other items in the ordinary course of business, so long
as all such advances and loans from all Companies aggregate not more than the
maximum principal sum of One Million Dollars ($1,000,000) at any time
outstanding; or

 

(xii)                             any
arms- length distribution or similar contractual arrangement with a Person
(other than a Company or an Affiliate) where no separate or new legal entity
has been created.

 

Section 5.12.  Merger and Sale of Assets.  No Company shall merge, amalgamate or
consolidate with any other Person, or sell, lease or transfer or otherwise
dispose of any assets to any Person other than in the ordinary course of
business, except that, if no Default or Event of Default shall then exist or
immediately thereafter shall begin to exist:

 

(a)                                  any
Domestic Subsidiary (other than a Borrower) may merge with (i) a US
Borrower (provided that such US Borrower shall be the continuing or surviving
Person) or (ii) any one or more Domestic Guarantors of Payment;

 

(b)                                 any
US Borrower may merge with IHS (provided that IHS shall be the continuing or
surviving Person);

 

(c)                                  any
Domestic Subsidiary may sell, lease, transfer or otherwise dispose of any of
its assets to a US Borrower or, except for a US Borrower, any Domestic
Guarantor of Payment;

 

(d)                                 any
Company may sell, lease, transfer or otherwise dispose of any of its assets to
IHS;

 

(e)                                  any
Domestic Subsidiary (other than a Credit Party) may merge with or sell, lease,
transfer or otherwise dispose of any of its assets to any other Domestic
Subsidiary;

 

(f)                                    any
Foreign Subsidiary may merge or amalgamate with a Credit Party provided that a
Credit Party shall be the continuing or surviving Person and each Borrower
shall be a continuing or surviving Person;

 

48

 

(g)                                 any
Foreign Subsidiary may sell, lease, transfer or otherwise dispose of any of its
assets to a Credit Party;

 

(h)                                 any
Foreign Subsidiary (other than a Credit Party) may merge or amalgamate with or
sell, lease, transfer or otherwise dispose of any of its assets to any other
Foreign Subsidiary;

 

(i)                                     any
Company may sell, lease, transfer or otherwise dispose of any assets (including
stock) (i) that are obsolete or no longer useful in such Company’s
business, or (B) in connection with the shutting down or sale of a
particular line of business; provided that no Company shall, without the prior
written consent of Agent and the Required Lenders, effect a Significant Asset
Disposition (other than pursuant to subsection (k) hereof);

 

(j)                                     Acquisitions
may be effected in accordance with the provisions of Section 5.13 hereof;

 

(k)                                  the
Companies may effect a Disposition of the assets listed on Schedule 5.12
hereto;

 

(l)                                     a
Domestic Subsidiary (other than a US Borrower) may be liquidated and its assets
distributed to a US Borrower or a Domestic Guarantor of Payment; or

 

(m)                               a
Foreign Subsidiary (other than a Foreign Borrower) may be liquidated and its
assets distributed to a Foreign Borrower or a Foreign Guarantor of Payment.

 

Section 5.13.  Acquisitions.  No Company shall effect an Acquisition;
provided, however, that a Credit Party may effect an Acquisition so long as:

 

(a)                                  in
the case of a merger, amalgamation or other combination including a Borrower,
such Borrower shall be the surviving entity or the surviving entity shall
become a Credit Party immediately following such combination;

 

(b)                                 in
the case of a merger, amalgamation or other combination including a Credit
Party (other than a Borrower), a Credit Party shall be the surviving entity or
become a Credit Party following the Acquisition;

 

(c)                                  the
business to be acquired shall be similar to the lines of business of the
Companies;

 

(d)                                 the
Companies shall be in full compliance with the Loan Documents both prior to and
subsequent to the transaction;

 

(e)                                  no
Default or Event of Default shall exist prior to or after giving effect to such
Acquisition;

 

49

 

(f)                                    Borrowers
shall have provided to Agent and the Lenders, at least twenty (20) days prior
to such Acquisition, historical financial statements of the target entity and a
pro forma financial statement of the Companies accompanied by a certificate of
a Financial Officer of a Borrower showing pro forma compliance with Sections
5.7 and 5.13(h) hereof, both before and after the proposed Acquisition;

 

(g)                                 such
Acquisition is not actively opposed by the board of directors (or similar
governing body) of the selling Persons or the Persons whose equity interests
are to be acquired; and

 

(h)                                 the
Liquidity Amount shall be no less than Fifteen Million Dollars ($15,000,000)
after giving effect to such Acquisition.

 

Section 5.14.  Notice.  Each Borrower shall cause a Financial Officer
of such Borrower to notify Agent and the Lenders in writing, within five days
after the occurrence of any Default or Event of Default, or if any
representation or warranty made in Article VI hereof or elsewhere in this
Agreement or in any Related Writing ceases in any material respect to be true
and complete.

 

Section 5.15.  Environmental Compliance.  Each Company shall comply in all material
respects with any and all Environmental Laws including, without limitation, all
Environmental Laws in jurisdictions in which such Company owns or operates a
facility or site, arranges for disposal or treatment of hazardous substances,
solid waste or other wastes, accepts for transport any hazardous substances,
solid waste or other wastes or holds any interest in real property or
otherwise. Borrowers shall furnish to the Lenders, promptly after receipt
thereof, a copy of any notice such Company may receive from any Governmental
Authority or private Person or otherwise that any material litigation or
proceeding pertaining to any environmental, health or safety matter has been
filed or is threatened against such Company, any real property in which such
Company holds any interest or any past or present operation of such Company. No
Company shall allow the release or disposal of hazardous waste, solid waste or
other wastes on, under or to any real property in which any Company holds any
ownership interest or performs any of its operations, in material violation of
any Environmental Law.  As used in this
Section, “litigation or proceeding” means any demand, claim, notice, suit, suit
in equity action, administrative action, investigation or inquiry whether
brought by any Governmental Authority or private Person or otherwise. Borrowers
shall defend, indemnify and hold Agent and the Lenders harmless against all
costs, expenses, claims, damages, penalties and liabilities of every kind or
nature whatsoever (including attorneys’ fees) arising out of or resulting from
the noncompliance of any Company with any Environmental Law.  Such indemnification shall survive any
termination of this Agreement.

 

Section 5.16.  Affiliate Transactions.  No Company shall, directly or indirectly,
enter into or permit to exist any transaction (including, without limitation,
the purchase, sale, lease or exchange of any property or the rendering of any
service) with any Affiliate (other than a Company that is a Credit Party) on
terms that shall be less favorable to such Company than those that might be
obtained at the time in a transaction with a non-Affiliate; provided, however,
that the foregoing shall not prohibit the payment of customary and reasonable
directors’ fees to directors who are not employees of a Company or an
Affiliate.

 

50

 

Section 5.17.  Use of Proceeds.  Borrowers’ use of the proceeds of the Loans
shall be solely for working capital and other general corporate purposes of the
Companies and for Acquisitions.

 

Section 5.18.  Corporate Names.  No Company shall change its corporate name or
its state of organization, unless, in each case, Administrative Borrower shall
have provided Agent and the Lenders with at least ten (10) days prior
written notice thereof.

 

Section 5.19.  Restricted Payments.  No Company shall make or commit itself to
make any Restricted Payment, except that such Company may make a Restricted
Payment so long as no Default or Event of Default shall exist or would exist
immediately after giving effect to such proposed action.

 

Section 5.20.  Subsidiary Guaranties.

 

(a)                                  Domestic
Subsidiary Guaranties.  Each Domestic
Subsidiary of a Company (that is not a Dormant Subsidiary) created, acquired or
held subsequent to the Closing Date, shall immediately execute and deliver to
Agent, for the benefit of the Lenders, a Guaranty of Payment of all of the
Obligations, such agreements to be in form and substance acceptable to Agent,
along with any such other supporting documentation, corporate governance and
authorization documents, and an opinion of counsel as may be deemed necessary
or advisable by Agent.

 

(b)                                 Foreign
Subsidiary Guaranties.  So long as
there shall be no adverse tax consequences, each Foreign Subsidiary that (i) is
not a Credit Party and (ii) (A) the amount of the Non-Credit Party
Exposure with respect to such Foreign Subsidiary exceeds One Million Dollars
($1,000,000) or (B) the amount of the Non-Credit Party Exposure with
respect to all such Foreign Subsidiaries exceeds Five Million Dollars
($5,000,000) at any time, shall execute and deliver to Agent, for the benefit
of the Lenders, a Guaranty of Payment of the Obligations of such Foreign
Borrower in an amount equal to no less than the amount of Non-Credit Party
Exposure (to the extent not prohibited by law) with respect to such Foreign
Subsidiary, and Administrative Borrower shall deliver to Agent such other
supporting documentation, corporate governance and authorization documents, and
an opinion of counsel as may be deemed necessary or advisable by Agent,
provided that, if the execution and delivery of such Guaranty of Payment under
the laws of such foreign jurisdiction is impractical or cost prohibitive, in
the opinion of Agent, after consultation with Administrative Borrower, then
Agent may forego such Guaranty of Payment in such foreign jurisdiction.

 

(c)                                  Joint
Venture Subsidiary Guaranties. 
Anything in this Section to the contrary notwithstanding, no Joint
Venture Subsidiary shall be required to execute a Guaranty of Payment, provided
that (i) no Joint Venture Subsidiary shall own, directly or indirectly, in
full or in part, any other Subsidiary; (ii) no Joint Venture Subsidiary
may receive any advances or loans unless permitted pursuant to Section 5.11(v) or
(vi) hereof; (iii) no other Company may make any investment in a
Joint Venture Subsidiary unless permitted pursuant to Section 5.11(v) or
(vi) hereof; (iv) no Company shall guarantee any Indebtedness of a
Joint Venture Subsidiary; and (v)

 

51

 

IHS shall
provide written notice to Agent and the Lenders of the creation of any Joint
Venture Subsidiary.

 

Section 5.21.  Restrictive Agreements.  Except as set forth in this Agreement,
Borrowers shall not, and shall not permit any of their Subsidiaries to,
directly or indirectly, create or otherwise cause or suffer to exist or become
effective any encumbrance or restriction on the ability of any Subsidiary to (a) make,
directly or indirectly, any Capital Distribution to any Borrower, (b) make,
directly or indirectly, loans or advances or capital contributions to any
Borrower or (c) transfer, directly or indirectly, any of the properties or
assets of such Subsidiary to any Borrower; except for such encumbrances or
restrictions existing under or by reason of (i) applicable law, (ii) customary
non-assignment provisions in leases or other agreements entered in the ordinary
course of business and consistent with past practices, or (iii) customary
restrictions in security agreements or mortgages securing Indebtedness or
Capitalized Lease Obligations, of a Company to the extent such restrictions
shall only restrict the transfer of the property subject to such security
agreement, mortgage or lease.

 

Section 5.22.  Amendment of Organizational Documents.  No Company shall amend its Organizational
Documents, if it would have a Material Adverse Effect, without the prior
written consent of Agent.

 

Section 5.23.  Negative Pledge on IHS Stock.  IHS shall not suffer or permit any Lien to
exist upon the capital stock or other equity interest of IHS owned (or held for
the benefit of) TBG Holdings N.V. or any affiliate thereof.

 

ARTICLE VI.  REPRESENTATIONS AND WARRANTIES

 

Section 6.1.  Corporate Existence; Subsidiaries; Foreign
Qualification.  Each Credit Party is
duly organized, validly existing and in good standing under the laws of its
state or jurisdiction of incorporation or organization, and is duly qualified
and authorized to do business and is in good standing as a foreign entity in
the jurisdictions set forth opposite its name on Schedule 6.1
hereto, which are all of the states or jurisdictions where the character of its
property or its business activities makes such qualification necessary, except
where a failure to qualify will not result in a Material Adverse Effect.  Schedule 6.1 hereto sets forth,
as of the Closing Date, each Subsidiary of a Borrower (and whether such
Subsidiary is a Dormant Subsidiary) and each Person that is an owner of a
Borrower’s stock, its state of formation, its relationship to each Borrower,
including the percentage of each class of stock (or membership interests) owned
by a Company or the percentage of stock or other equity interest of a Borrower
owned by it, the location of its chief executive office and its principal place
of business.  Except as set forth in Schedule 6.1,
on the date hereof, each Borrower owns all of the equity interests of each of
its Subsidiaries.

 

Section 6.2.  Corporate Authority.  Each Company has the right and power and is
duly authorized and empowered to enter into, execute and deliver the Loan
Documents to which it is a party and to perform and observe the provisions of
the Loan Documents.  The Loan Documents
to which each Company is a party have been duly authorized and approved by such
Company’s

 

52

 

board of
directors or other governing body, as applicable, and are the valid and binding
obligations of such Company, enforceable against such Company in accordance
with their respective terms.  The
execution, delivery and performance of the Loan Documents will not conflict
with, result in any breach in any of the provisions of, constitute a default
under, or result in the creation of any Lien (other than Liens permitted under Section 5.9
hereof) upon any assets or property of any Company under, the provisions of,
such Company’s Organizational Documents or any agreement.

 

Section 6.3.  Compliance with Laws and Contracts.  Each Company:

 

(a)                                  holds
all material permits, certificates, licenses, orders, registrations,
franchises, authorizations, and other approvals from any Governmental Authority
necessary for the conduct of its business and is in compliance with all
applicable laws relating thereto;

 

(b)                                 is
in material compliance with all federal, state, local, or foreign applicable
statutes, rules, regulations, and orders including, without limitation, those
relating to environmental protection, occupational safety and health, and equal
employment practices; and

 

(c)                                  is
not in violation of or in default under any agreement to which it is a party or
by which its assets are subject or bound, except with respect to any violation
or default that would not have a Material Adverse Effect.

 

Section 6.4.  Litigation and Administrative Proceedings.  Except as disclosed on Schedule 6.4
hereto, there are (a) no lawsuits, actions, investigations, or other
proceedings pending or, to the knowledge of Administrative Borrower, threatened
against any Company, or in respect of which any Company may have any liability,
in any court or before any Governmental Authority, arbitration board, or other
tribunal, (b) no orders, writs, injunctions, judgments, or decrees of any
court or government agency or instrumentality to which any Company is a party
or by which the property or assets of any Company are bound, and (c) no
grievances, disputes, or controversies outstanding with any union or other
organization of the employees of any Company, or threats of work stoppage,
strike, or pending demands for collective bargaining, that, as to (a) through
(c) above, if violated or determined adversely, would have a Material
Adverse Effect.

 

Section 6.5.  Title to Assets.  Each Company has good title to and ownership
o f substantially all property it purports to own, which property is free and
clear of all Liens, except those permitted under Section 5.9 hereof.

 

Section 6.6.  Liens and Security Interests.  On and after the Closing Date, except for
Liens permitted pursuant to Section 5.9 hereof, (a) there is and will
be no U.C.C. Financing Statement or similar notice of Lien outstanding covering
any personal property of any Company, (b) there is and will be no mortgage
outstanding covering any real property of any Company; and (c) no real or
personal property of any Company is subject to any security interest or Lien of
any kind other than any security interest or Lien that may be granted to Agent,
for the benefit of the Lenders.  No
Company has entered into any contract or agreement (other than a contract or
agreement entered into in connection with the purchase or lease of fixed assets
that prohibits

 

53

 

Liens on such
fixed assets or a contract or agreement entered into in the ordinary course of
business that does not permit Liens on, or collateral assignment of, the
property relating to such contract or agreement) that exists on or after the
Closing Date that would prohibit Agent or the Lenders from acquiring a Lien on,
or a collateral assignment of, any of the property or assets of any Company.

 

Section 6.7.  Tax Returns.  All federal, state, provincial and local tax
returns and other reports required by law to be filed in respect of the income,
business, properties and employees of each Company have been filed and all
taxes, assessments, fees and other governmental charges that are due and
payable have been paid, except as otherwise permitted herein.  The provision for taxes on the books of each
Company is adequate for all years not closed by applicable statutes and for the
current fiscal year.

 

Section 6.8.  Environmental Laws.  Each Company is in substantial compliance
with all Environmental Laws, including, without limitation, all Environmental
Laws in all jurisdictions in which any Company owns or operates, or has owned
or operated, a facility or site, arranges or has arranged for disposal or
treatment of hazardous substances, solid waste or other wastes, accepts or has
accepted for transport any hazardous substances, solid waste or other wastes or
holds or has held any interest in real property or otherwise.  Except as disclosed on Schedule 6.8
hereto, no material litigation or proceeding arising under, relating to or in
connection with any Environmental Law is pending or, to the best knowledge of
each Company, threatened, against any Company, any real property in which any
Company holds or has held an interest or any past or present operation of any
Company.  Except as disclosed on Schedule 6.8
hereto, no material release, threatened release or disposal of hazardous waste,
solid waste or other wastes is occurring, or has occurred (other than those
that are currently being cleaned up in accordance with Environmental Laws), on,
under or to any real property in which any Company holds any interest or
performs any of its operations, in violation of any Environmental Law. As used
in this Section 6.8, “litigation or proceeding” means any demand, claim,
notice, suit, suit in equity, action, administrative action, investigation or
inquiry whether brought by any Governmental Authority or private Person, or
otherwise.

 

Section 6.9.  Continued Business.  There exists no actual, pending, or, to each
Borrower’s knowledge, any threatened termination, cancellation or limitation
of, or any modification or change in the business relationship of any Company
and any customer or supplier, or any group of customers or suppliers of any
Company, that would have a Material Adverse Effect.

 

Section 6.10.  Employee Benefits Plans.  Schedule 6.10 hereto identifies
each ERISA Plan as of the Closing Date covering employees of a Company.  No ERISA Event has occurred or is expected to
occur with respect to an ERISA Plan.  Full
payment has been made of all amounts that a Controlled Group member is
required, under applicable law or under t he governing documents, to have paid
as a contribution to or a benefit under each ERISA Plan.  The liability of each Controlled Group member
with respect to each ERISA Plan has been fully funded to the extent required by
law, based upon reasonable and proper actuarial assumptions, has been fully
insured, or has been fully reserved for on its financial statements.  With respect to each ERISA Plan that is
intended to be qualified under Code Section 401(a), (a) the ERISA
Plan and any associated trust operationally comply in all material respects
with the applicable

 

54

 

requirements
of Code Section 401(a); (b) the ERISA Plan and any associated trust
have been amended to comply with all such requirements as currently in effect,
other than those requirements for which a retroactive amendment can be made
within the “remedial amendment period” available under Code Section 401(b) (as
extended under Treasury Regulations and other Treasury pronouncements upon
which taxpayers may rely); (c) the ERISA Plan and any associated trust
have received a favorable determination letter from the Internal Revenue
Service stating that the ERISA Plan qualifies under Code Section 401(a),
that the associated trust qualifies under Code Section 501(a) and, if
applicable, that any cash or deferred arrangement under the ERISA Plan
qualifies under Code Section 401(k), unless the ERISA Plan was first
adopted at a time for which the above-described “remedial amendment period” has
not yet expired; (d) the ERISA Plan currently satisfies the requirements
of Code Section 410(b), subject to any retroactive amendment that may be
made within the above-described “remedial amendment period”; and (e) no
contribution made to the ERISA Plan is subject to an excise tax under Code Section 4972.  With respect to any Pension Plan, the “accumulated
benefit obligation” of Controlled Group members with respect to the Pension
Plan (as determined in accordance with Statement of Accounting Standards No. 87,
“Employers’ Accounting for Pensions”) does not, in any material way, exceed the
fair market value of Pension Plan assets.

 

Section 6.11.  Consents or Approvals.  No consent, approval or authorization of, or
filing, registration or qualification with, any Governmental Authority or any
other Person is required to be obtained or completed by any Company in
connection with the execution, delivery or performance of any of the Loan
Documents, that has not already been obtained or completed.

 

Section 6.12.  Solvency.

 

(a)                                  US
Borrowers.  Each US Borrower has
received consideration that is the reasonable equivalent value of the
obligations and liabilities that such Borrower has incurred to Agent and the
Lenders.  No US Borrower is insolvent as
defined in any applicable state, federal or relevant foreign statute, nor will
such US Borrower be rendered insolvent by the execution and delivery of the
Loan Documents to Agent and the Lenders. 
No US Borrower is engaged or about to engage in any business or
transaction for which the assets retained by it are or will be an unreasonably
small amount of capital, taking into consideration the obligations to Agent and
the Lenders incurred hereunder.  No US
Borrower intends to, nor does it believe that it will, incur debts beyond its
ability to pay such debts as they mature.

 

(b)                                 Foreign
Borrowers.  Each Foreign Borrower has
received consideration that is the reasonable equivalent value of the
obligations and liabilities that such Foreign Borrower has incurred to the
Lenders.  No Foreign Borrower is
insolvent as defined in any applicable state, federal or relevant foreign
statute, nor will such Foreign Borrower be rendered insolvent by the execution
and delivery of the Loan Documents to Agent and the Lenders.  No Foreign Borrower has liabilities,
including contingent liabilities, greater than its assets.  No Foreign Borrower intends to, nor does it
believe that it will, incur debts beyond its ability to pay such debts as they
mature.

 

Section 6.13.  Financial Statements.  The audited Consolidated financial statements
of IHS Group for the fiscal year ended November 30, 2003 and the unaudited
Consolidated

 

55

 

financial
statements of IHS Group for the fiscal quarter ended August 31, 2004
furnished to Agent and the Lenders, are true and complete, have been prepared
in accordance with GAAP (except with respect to the absence of footnotes), and
fairly present the financial condition of the Companies included in the
consolidation as of the dates of such financial statements and the results of
their operations for the periods then ending. 
Since the dates of such statements, there has been no material adverse
change in the financial condition, properties or business of the Companies
taken as a whole or any change in the accounting procedures of the Companies.

 

Section 6.14.  Regulations.  No Company is engaged principally or as one
of its important activities, in the business of extending credit for the purpose
of purchasing or carrying any “margin stock” (within the meaning of Regulation
U of the Board of Governors of the Federal Reserve System of the United States
of America). Neither the granting of any Loan (or any conversion thereof) or
Letter of Credit nor the use of the proceeds of any Loan or Letter of Credit
will violate, or be inconsistent with, the provisions of Regulation T, U or X
or any other Regulation of such Board of Governors.

 

Section 6.15.  Material Agreements.  Except as disclosed on Schedule 6.15
hereto, on the Closing Date, no Company is a party to any (a) debt
instrument (excluding the Loan Documents); (b) lease (capital, operating
or otherwise), whether as lessee or lessor thereunder; (c) contract,
commitment, agreement, or other arrangement involving the purchase or sale of
any inventory by it, or the license of any right to or by it; (d) contract,
commitment, agreement, or other arrangement with any of its “Affiliates” (as
such term is defined in the Securities Exchange Act of 1934, as amended) other
than a Company; (e) management or employment contract or contract for
personal services with any of its Affiliates that is not otherwise terminable
at will or on less than ninety (90) days’ notice without liability; (f) collective
bargaining agreement; or (g) other contract, agreement, understanding, or
arrangement with a third party that, as to subsections (a) through (g),
above, if violated, breached, or terminated for any reason, would have a
Material Adverse Effect.

 

Section 6.16.  Intellectual Property.  Each Company owns or has the right to use all
of the material patents, patent applications, industrial designs, trademarks,
service marks, copyrights and licenses, and rights with respect to the
foregoing, necessary for the conduct of its business without any known conflict
with the rights of others.

 

Section 6.17.  Insurance.  Each Company maintains with financially sound
and reputable insurers insurance with coverage and limits as required by law
and as is customary with Persons engaged in the same businesses as the
Companies.  Schedule 6.17
hereto sets forth all insurance carried by the Companies on the Closing Date,
setting forth in detail the amount and type of such insurance.

 

Section 6.18.  Accurate and Complete Statements.  Neither the Loan Documents nor any written
statement made by any Company in connection with any of the Loan Documents
contains any untrue statement of a material fact or omits a material fact
necessary to make the statements contained therein or in the Loan Documents not
misleading.  After due inquiry by
Borrowers, there is no known fact that any Company has not disclosed to Agent
and the Lenders that has or is likely to have a Material Adverse Effect.

 

56

 

Section 6.19.  Investment Company; Holding Company.  No Company is (a) an “investment company”
or a company “controlled” by an “investment company” within the meaning of the
Investment Company Act of 1940, as amended, or (b) subject to regulation
under the Public Utility Holding Company Act of 1935 or the Federal Power Act,
each as amended, or any foreign, federal, state or local statute or regulation
limiting its ability to incur Indebtedness.

 

Section 6.20.  Defaults.  No Default or Event of Default exists hereunder,
nor will any begin to exist immediately after the execution and delivery
hereof.

 

ARTICLE VII.  EVENTS OF
DEFAULT

 

Each of the following shall constitute an Event of Default hereunder:

 

Section 7.1.  Payments.  If (a) the interest on any Loan or any facility
or other fee shall not be paid in full when due and payable or within five days
thereafter, or (b) the principal of any Loan or any obligation under any
Letter of Credit shall not be paid in full when due and payable.

 

Section 7.2.  Special Covenants.  If any Company shall fail or omit to perform
and observe Section 5.7, 5.8, 5.9, 5.11, 5.12, 5.13, 5.19 or 5.20 hereof.

 

Section 7.3.  Other Covenants.  If any Company shall fail or omit to perform
and observe any agreement or other provision (other than those referred to in Section 7.1
or 7.2 hereof) contained or referred to in this Agreement or any Related
Writing that is on such Company’s part to be complied with, and that Default
shall not have been fully corrected within twenty (20) days after the giving of
written notice thereof to Administrative Borrower by Agent or the Required
Lenders that the specified Default is to be remedied.

 

Section 7.4.  Representations and Warranties.  If any representation or warranty made in or
pursuant to this Agreement or any Related Writing furnished by any Company to
the Lenders or any thereof or any other holder of any Note, shall be false or
erroneous in any material respect when made.

 

Section 7.5.  Cross Default.  If any Company shall default in the payment
of principal or interest due and owing upon any other obligation for borrowed
money in excess of the aggregate, for all such obligations of all such
Companies, of Five Million Dollars ($5,000,000), beyond any period of grace
provided with respect thereto or in the performance or observance of any other
agreement, term or condition contained in any agreement under which such
obligation is created, if the effect of such default is to allow the
acceleration of the maturity of such Indebtedness or to permit the holder
thereof to cause such Indebtedness to become due prior to its stated maturity.

 

Section 7.6.  ERISA Default.  The occurrence of one or more ERISA Events
that (a) could have a Material Adverse Effect, or (b) results in a
Lien on any of the assets of any Company.

 

57

 

Section 7.7.  Change in Control.  If any Change in Control shall occur.

 

Section 7.8.  Money Judgment.  A final judgment or order for the payment of
money shall be rendered against any Company by a court of competent
jurisdiction, that remains unpaid or unstayed and undischarged for a period
(during which execution shall not be effectively stayed) of thirty (30) days
after the date on which the right to appeal has expired , provided that the aggregate
of all such judgments, for all such Companies, shall exceed One Million Dollars
($1,000,000).

 

Section 7.9.  Material Adverse Change.  There shall have occurred any condition or
event that has or is reasonably likely to have a Material Adverse Effect.

 

Section 7.10.  Validity of Loan Documents.  (a) Any material provision of any Loan
Document shall at any time for any reason cease to be valid, binding and
enforceable against any Credit Party; (b) the validity, binding effect or
enforceability of any Loan Document against any Credit Party shall be contested
by any Credit Party; (c) any Credit Party shall deny that it has any or
further liability or obligation under any Loan Document ; or (d) any Loan
Document shall be terminated, invalidated or set aside, or be declared
ineffective or inoperative or in any way cease to give or provide to Agent and
the Lenders the benefits purported to be created thereby.  In addition to any other material Loan
Documents, this Agreement, each Note and each Guaranty of Payment shall be
deemed to be “material”.

 

Section 7.11.  Discontinue Business.  If any Company with assets over One Million
Dollars ($1,000,000) shall, except as permitted pursuant to Sections 5.5 or
5.12 hereof, discontinue business.

 

Section 7.12.  Solvency of Certain Companies.  If any Company (other than a Dormant
Subsidiary or a Credit Party) with assets of less than One Million Dollars
($1,000,000) shall engage in or permit to occur (whether voluntarily or
involuntarily) any of the activities set forth in Section 7.13 hereof.

 

Section 7.13.  Solvency.  If any Credit Party or any other Company with
assets over One Million Dollars ($1,000,000) shall (a) generally not pay
its debts as such debts become due, (b) make a general assignment for the
benefit of creditors, (c) apply for or consent to the appointment of an
interim receiver, a receiver and manager, an administrator, sequestrator,
monitor, a custodian, a trustee, an interim trustee or liquidator of all or a
substantial part of its assets or of such Company, (d) be adjudicated a
debtor or insolvent or have entered against it an order for relief under Title
11 of the United States Code, or under any other bankruptcy insolvency,
liquidation, winding- up, corporate or similar statute or law, foreign, federal,
state or provincial, in any applicable jurisdiction, now or hereafter existing,
as any of the foregoing may be amended from time to time, or other applicable
statute for jurisdictions outside of the United States, as the case may be, (e) file
a voluntary petition in bankruptcy, or file a proposal or notice of intention
to file a proposal or have an involuntary proceeding filed against it and the
same shall continue undismissed for a period of sixty (60) days from
commencement of such proceeding or case, or file a petition or an answer or an
application or a proposal seeking reorganization or an arrangement with
creditors or seeking to take advantage of any other law

 

58

 

(whether
federal, provincial or state, or, if applicable, other jurisdiction) relating
to relief of debtors, or admit (by answer, by default or otherwise) the
material allegations of a petition filed against it in any bankruptcy,
reorganization, insolvency or other proceeding (whether federal, provincial or
state, or, if applicable, other jurisdiction) relating to relief of debtors, (f) suffer
or permit to continue unstayed and in effect for thirty (30) consecutive days
any judgment, decree or order entered by a court of competent jurisdiction,
that approves a petition or an application or a proposal seeking its
reorganization or appoints an interim receiver, a receiver and manager, an
administrator, custodian, trustee, interim trustee or liquidator of all or a
substantial part of its assets, or of such Company, (g) have an
administrative receiver appointed over the whole or substantially the whole of
its assets, or (h) have a moratorium declared in respect of any of its
Indebtedness, or any analogous procedure or step is taken in any jurisdiction.

 

ARTICLE VIII.  REMEDIES UPON
DEFAULT

 

Notwithstanding any contrary provision or inference herein or
elsewhere:

 

Section 8.1.  Optional Defaults.  If any Event of Default referred to in Section 7.1,
7.2, 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.9, 7.10, 7.11 or 7.12 hereof shall occur,
Agent may, with the consent of the Required Lenders, and shall, at the written
request of the Required Lenders, give written notice to Borrowers to:

 

(a)                                  terminate
the Commitment, if not previously terminated, and, immediately upon such
election, the obligations of the Lenders, and each thereof, to make any further
Loan and the obligation of the Fronting Lender to issue any Letter of Credit
immediately shall be terminated; and/or

 

(b)                                 accelerate
the maturity of all of the Obligations (if the Obligations are not already due
and payable), whereupon all of the Obligations shall become and thereafter be
immediately due and payable in full without any presentment or demand and
without any further or other notice of any kind, all of which are hereby waived
by each Borrower.

 

Section 8.2.  Automatic Defaults.  If any Event of Default referred to in Section 7.13
hereof shall occur:

 

(a)                                  all
of the Commitment shall automatically and immediately terminate, if not
previously terminated, and no Lender thereafter shall be under any obligation
to grant any further Loan, nor shall the Fronting Lender be obligated to issue
any Letter of Credit; and

 

(b)                                 the
principal of and interest then outstanding on all of the Loans, and all of the
other Obligations, shall thereupon become and thereafter be immediately due and
payable in full (if the Obligations are not already due and payable), all
without any presentment, demand or notice of any kind, which are hereby waived
by each Borrower.

 

Section 8.3.  Letters of Credit.  If the maturity of the Obligations shall be
accelerated pursuant to Section 8.1 or 8.2 hereof, US Borrowers shall
immediately deposit with Agent, as

 

59

 

security for
the obligations of US Borrowers and any Domestic Guarantor of Payment to
reimburse Agent and the Lenders for any then outstanding Letters of Credit,
cash equal to the sum of the aggregate undrawn balance of any then outstanding
Letters of Credit.  Agent and the Lenders
are hereby authorized, at their option, to deduct any and all such amounts from
any deposit balances then owing by any Lender (or any affiliate of such Lender,
wherever located) to or for the credit or account of any US Borrower or
Domestic Guarantor of Payment, as security for the obligations of US Borrowers
and any Domestic Guarantor of Payment to reimburse Agent and the Lenders for
any then outstanding Letters of Credit.

 

Section 8.4.  Offsets.  If there shall occur or exist any Event of
Default referred to in Section 7.13 hereof or if the maturity of the
Obligations is accelerated pursuant to Section 8.1 or 8.2 hereof, each
Lender shall have the right at any time to set off against, and to appropriate
and apply toward the payment of, any and all of the Obligations then owing by a
Borrower or Guarantor of Payment to such Lender (including, without limitation,
any participation purchased or to be purchased pursuant to Section 2.2 or
8.5 hereof), whether or not the same shall then have matured, any and all
deposit (general or special) balances and all other Indebtedness then held or
owing by such Lender (including, without limitation, by branches and agencies
or any affiliate of such Lender, wherever located) to or for the credit or
account of such Borrower or Guarantor of Payment, all without notice to or
demand upon such Borrower or any other Person, all such notices and demands
being hereby expressly waived by each Borrower.

 

Section 8.5.  Equalization Provision.  Each Lender agrees with the other Lenders
that if it, at any time, shall obtain any Advantage over the other Lenders or
any thereof in respect of the Obligations (except as to Swing Loans and Letters
of Credit prior to Agent’s giving of notice to participate and except under Article III
hereof), it shall purchase from the other Lenders, for cash and at par, such
additional participation in the Obligations as shall be necessary to nullify
the Advantage.  If any such Advantage
resulting in the purchase of an additional participation as aforesaid shall be
recovered in whole or in part from the Lender receiving the Advantage, each
such purchase shall be rescinded, and the purchase price restored (but without
interest unless the Lender receiving the Advantage is required to pay interest
on the Advantage to the Person recovering the Advantage from such Lender)
ratably to the extent of the recovery. 
Each Lender further agrees with the other Lenders that if it at any time
shall receive any payment for or on behalf of any Borrower on any Indebtedness
owing by any Borrower to that Lender (whether by voluntary payment, by
realization upon security, by reason of offset of any deposit or other
indebtedness, by counterclaim or cross-action, by the enforcement of any right
under any Loan Document, or otherwise) it will apply such payment first to any
and all Obligations owing by such Borrower to that Lender (including, without
limitation, any participation purchased or to be purchased pursuant to this Section 8.5
or any other Section of this Agreement). 
Each Credit Party agrees that any Lender so purchasing a participation
from the other Lenders or any thereof pursuant to this Section 8.5 may
exercise all of its rights of payment (including the right of set-off) with
respect to such participation as fully as if such Lender were a direct creditor
of such Credit Party in the amount of such participation.

 

Section 8.6.  Other Remedies.  The remedies in this Article VIII are in
addition to, not in limitation of, any other right, power, privilege, or
remedy, either in law, in equity, or otherwise, to which the Lenders may be
entitled.  Agent shall exercise the
rights under this Article VIII and

 

60

 

all other
collection efforts on behalf of the Lenders and no Lender shall act independently
with respect thereto, except as otherwise specifically set forth in this
Agreement.

 

ARTICLE IX.  THE AGENT

 

The Lenders authorize KeyBank National Association and KeyBank National
Association hereby agrees to act as agent for the Lenders in respect of this
Agreement upon the terms and conditions set forth elsewhere in this Agreement,
and upon the following terms and conditions:

 

Section 9.1.  Appointment and Authorization.  Each Lender hereby irrevocably appoints and
authorizes Agent to take such action as agent on its behalf and to exercise
such powers hereunder as are delegated to Agent by the terms hereof, together
with such powers as are reasonably incidental thereto.  Neither Agent nor any of its affiliates,
directors, officers, attorneys or employees shall (a) be liable for any
action taken or omitted to be taken by it or them hereunder or in connection
herewith, except for its or their own gross negligence or willful misconduct
(as determined by a court of competent jurisdiction), or be responsible in any
manner to any of the Lenders for the effectiveness, enforceability,
genuineness, validity or due execution of this Agreement or any other Loan
Documents, (b) be under any obligation to any Lender to ascertain or to
inquire as to the performance or observance of any of the terms, covenants or
conditions hereof or thereof on the part of Borrowers or any other Company, or
the financial condition of Borrowers or any other Company, or (c) be
liable to any of the Companies for consequential damages resulting from any
breach of contract, tort or other wrong in connection with the negotiation,
documentation, administration or collection of the Loans or Letters of Credit
or any of the Loan Documents.

 

Section 9.2.  Note Holders.  Agent may treat the payee of any Note as the
holder thereof until written notice of transfer shall have been filed with
Agent, signed by such payee and in form satisfactory to Agent.

 

Section 9.3.  Consultation With Counsel.  Agent may consult with legal counsel selected
by Agent and shall not be liable for any action taken or suffered in good faith
by Agent in accordance with the opinion of such counsel.

 

Section 9.4.  Documents.  Agent shall not be under any duty to examine
into or pass upon the validity, effectiveness, genuineness or value of any Loan
Document or any other Related Writing furnished pursuant hereto or in
connection herewith or the value of any collateral obtained hereunder, and
Agent shall be entitled to assume that the same are valid, effective and
genuine and what they purport to be.

 

Section 9.5.  Agent and Affiliates.  With respect to the Loans, Agent shall have
the same rights and powers hereunder as any other Lender and may exercise the
same as though it were not Agent, and Agent and its affiliates may accept deposits
from, lend money to and generally engage in any kind of business with any
Company or any Affiliate.

 

61

 

Section 9.6.  Knowledge of Default.  It is expressly understood and agreed that
Agent shall be entitled to assume that no Default or Event of Default has
occurred, unless Agent has been notified by a Lender in writing that such
Lender believes that a Default or Event of Default has occurred and is
continuing and specifying the nature thereof or has been notified by a Borrower
pursuant to Section 5.14 hereof.

 

Section 9.7.  Action by Agent.  Subject to the other terms and conditions
hereof, so long as Agent shall be entitled, pursuant to Section 9.6
hereof, to assume that no Default or Event of Default shall have occurred and
be continuing, Agent shall be entitled to use its discretion with respect to
exercising or refraining from exercising any rights that may be vested in it
by, or with respect to taking or refraining from taking any action or actions
that it may be able to take under or in respect of, this Agreement. Agent shall
incur no liability under or in respect of this Agreement by acting upon any
notice, certificate, warranty or other paper or instrument believed by it to be
genuine or authentic or to be signed by the proper party or parties, or with
respect to anything that it may do or refrain from doing in the reasonable
exercise of its judgment, or that may seem to it to be necessary or desirable
in the premises.

 

Section 9.8.  Notice of Default.  In the event that Agent shall have acquired
actual knowledge of any Default or Event of Default, Agent shall promptly
notify the Lenders and shall take such action and assert such rights under this
Agreement as the Required Lenders shall direct and Agent shall inform the other
Lenders in writing of the action taken. 
Agent may take such action and assert such rights as it deems to be
advisable, in its discretion, for the protection of the interests of the holders
of the Obligations.

 

Section 9.9.  Release of Guarantor of Payment.  In the event of a transfer of assets
permitted by Section 5.12 hereof (or otherwise permitted pursuant to this
Agreement), Agent, at the request and expense of Borrower, is hereby authorized
by the Lenders to release a Guarantor of Payment in connection with such
permitted transfer.

 

Section 9.10.  Indemnification of Agent.  The Lenders agree to indemnify Agent (to the
extent not reimbursed by Borrowers) ratably, according to their respective
Commitment Percentages, from and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses
(including attorneys’ fees) or disbursements of any kind or nature whatsoever
that may be imposed on, incurred by or asserted against Agent in its capacity
as agent in any way relating to or arising out of this Agreement or any Loan
Document or any action taken or omitted by Agent with respect to this Agreement
or any Loan Document, provided that no Lender shall be liable for any portion of
such liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses (including attorneys’ fees) or disbursements resulting
from Agent’s gross negligence or willful misconduct as determined by a court of
competent jurisdiction, or from any action taken or omitted by Agent in any
capacity other than as agent under this Agreement or any other Loan Document.

 

Section 9.11.  Successor Agent.  Agent may resign as agent hereunder by giving
not fewer than thirty (30) days prior written notice to Borrowers and the
Lenders.  If Agent shall resign under
this Agreement, then either (a) the Required Lenders shall appoint from
among the Lenders a successor agent for the Lenders (with the consent of
Administrative Borrower so long

 

62

 

as an Event of
Default has not occurred and which consent shall not be unreasonably withheld),
or (b) if a successor agent shall not be so appointed and approved within
the thirty (30) day period following Agent’s notice to the Lenders of its
resignation, then Agent shall appoint a successor agent that shall serve as
agent until such time as the Required Lenders appoint a successor agent.  Upon its appointment, such successor agent
shall succeed to the rights, powers and duties as agent, and the term “Agent”
shall mean such successor effective upon its appointment, and the former agent’s
rights, powers and duties as agent shall be terminated without any other or
further act or deed on the part of such former agent or any of the parties to
this Agreement.

 

Section 9.12.  Other Agents.  As used in this Agreement, the term “Agent”
shall only include Agent.  Neither
Co-Documentation Agent shall have any rights, obligations or responsibilities
hereunder in such capacity.

 

ARTICLE X.  MISCELLANEOUS

 

Section 10.1.  Lenders’ Independent Investigation.  Each Lender, by its signature to this
Agreement, acknowledges and agrees that Agent has made no representation or
warranty, express or implied, with respect to the creditworthiness, financial
condition, or any other condition of any Company or with respect to the
statements contained in any information memorandum furnished in connection
herewith or in any other oral or written communication between Agent and such
Lender.  Each Lender represents that it
has made and shall continue to make its own independent investigation of the
creditworthiness, financial condition and affairs of the Companies in
connection with the extension of credit hereunder, and agrees that Agent has no
duty or responsibility, either initially or on a continuing basis, to provide
any Lender with any credit or other information with respect thereto (other
than such notices as may be expressly required to be given by Agent to the
Lenders hereunder), whether coming into its possession before the first Credit
Event hereunder or at any time or times thereafter.  Each Lender further represents that it has
reviewed each of the Loan Documents.

 

Section 10.2.  No Waiver; Cumulative Remedies.  No omission or course of dealing on the part
of Agent, any Lender or the holder of any Note in exercising any right, power
or remedy hereunder or under any of the Loan Documents shall operate as a
waiver thereof; nor shall any single or partial exercise of any such right,
power or remedy preclude any other or further exercise thereof or the exercise
of any other right, power or remedy hereunder or under any of the Loan
Documents. The remedies herein provided are cumulative and in addition to any
other rights, powers or privileges held by operation of law, by contract or
otherwise.

 

Section 10.3.  Amendments, Consents.  No amendment, modification, termination, or
waiver of any provision of any Loan Document nor consent to any variance
therefrom, shall be effective unless the same shall be in writing and signed by
the Required Lenders and then such waiver or consent shall be effective only in
the specific instance and for the specific purpose for which given.  Anything herein to the contrary notwithstanding,
unanimous consent of the Lenders shall be required with respect to (a) any
increase in the Commitment hereunder (except as specified in Section 2.9(b) hereof),
(b) the extension of maturity of the Loans, the payment

 

63

 

date of interest
or scheduled principal thereunder, or the payment date of facility or other
fees or amounts payable hereunder, (c) any reduction in the rate of
interest on the Loans (provided that the institution of the Default Rate and a
subsequent removal o f the Default Rate shall not constitute a decrease in
interest rate of this Section 10.3), or in any amount of scheduled
principal or interest due on any Loan, or the payment of facility or other fees
hereunder or any change in the manner of pro rata application of any payments
made by Borrowers to the Lenders hereunder, (d) any change in any
percentage voting requirement, voting rights, or the Required Lenders
definition in this Agreement, (e) the release of any Borrower or Guarantor
of Payment, except as specifically permitted hereunder, or (f) any
amendment to this Section 10.3 or Section 8.5 hereof.  Notice of amendments or consents ratified by
the Lenders hereunder shall be forwarded by Agent to all of the Lenders.  Each Lender or other holder of a Note (or interest
in any Loan) shall be bound by any amendment, waiver or consent obtained as
authorized by this Section, regardless of its failure to agree thereto.

 

Section 10.4.  Notices.  All notices, requests, demands and other
communications provided for hereunder shall be in writing and, if to a
Borrower, mailed or delivered to it, addressed to it at the address specified
on the signature pages of this Agreement (including a courtesy notice to
Stephen Green, Esq., mailed or delivered to him, addressed to him at 1350
Avenue of the Americas, Suite 840, New York, New York 10019, provided that
a failure to give such courtesy notice shall have no legal effect hereunder),
if to a Lender, mailed or delivered to it, addressed to the address of such
Lender specified on the signature pages of this Agreement, or, as to each
party, at such other address as shall be designated by such party in a written
notice to each of the other parties.  All
notices, statements, requests, demands and other communications provided for
hereunder shall be given by overnight delivery or first class mail with postage
prepaid by registered or certified mail, addressed as aforesaid, or sent by
facsimile with telephonic confirmation of receipt (and confirmation copy by
mail or overnight delivery), except that all notices hereunder shall not be
effective until received.

 

Section 10.5.  Costs, Expenses and Taxes.  US Borrowers agree to pay on demand all costs
and expenses of Agent, including but not limited to, (a) reasonable
syndication, administration, travel and out-of-pocket expenses, including but
not limited to attorneys’ fees and expenses, of Agent in connection with the
preparation, negotiation and closing of the Loan Documents and the
administration of the Loan Documents, the collection and disbursement of all
funds hereunder and the other instruments and documents to be delivered
hereunder, (b) extraordinary expenses of Agent in connection with the
administration of the Loan Documents and the other instruments and documents to
be delivered hereunder, and (c) the reasonable fees and out-of-pocket
expenses of special counsel for Agent, with respect to the foregoing, and of
local counsel, if any, who may be retained by said special counsel with respect
thereto.  US Borrowers also agree to pay
on demand all costs and expenses of Agent and the Lenders, including reasonable
attorneys’ fees, in connection with the restructuring or enforcement of the
Obligations, this Agreement or any Related Writing.  In addition, US Borrowers and any other
appropriate Borrower shall pay any and all stamp, transfer, documentary and
other taxes, assessments, charges and fees payable or determined to be payable
in connection with the execution and delivery of the Loan Documents, and the
other instruments and documents to be delivered hereunder, and agree to hold
Agent and each Lender harmless from and against any

 

64

 

and all
liabilities with respect to or resulting from any delay in paying or failure to
pay such taxes or fees.

 

Section 10.6.  Indemnification.  Each US Borrower, and each Foreign Borrower
to the extent relating to the Loans and other credit extensions to such Foreign
Borrower, agrees to defend, indemnify and hold harmless Agent and the Lenders
(and their respective affiliates, officers, directors, attorneys, agents and
employees) from and against any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses (including
reasonable attorneys’ fees) or disbursements of any kind or nature whatsoever
that may be imposed on, incurred by or asserted against Agent or any Lender in
connection with any investigative, administrative or judicial proceeding
(whether or not such Lender or Agent shall be designated a party thereto) or
any other claim by any Person relating to or arising out of any Loan Document
or any actual or proposed use of proceeds of the Loans or any o f the
Obligations, or any activities of any Company or its Affiliates; provided that
no Lender nor Agent shall have the right to be indemnified under this Section 10.6
for its own gross negligence or willful misconduct as determined by a court of
competent jurisdiction.  All obligations
provided for in this Section 10.6 shall survive any termination of this
Agreement.

 

Section 10.7.  Obligations Several; No Fiduciary
Obligations.  The obligations of the
Lenders hereunder are several and not joint. Nothing contained in this
Agreement and no action taken by Agent or the Lenders pursuant hereto shall be
deemed to constitute Agent or the Lenders a partnership, association, joint
venture or other entity. No default by any Lender hereunder shall excuse the
other Lenders from any obligation under this Agreement; but no Lender shall
have or acquire any additional obligation of any kind by reason of such
default.  The relationship between
Borrowers and the Lenders with respect to the Loan Documents and the Related
Writings is and shall be solely that of debtors and creditors, respectively,
and neither Agent nor any Lender shall have any fiduciary obligation toward any
Credit Party with respect to any such documents or the transactions
contemplated thereby.

 

Section 10.8.  Execution in Counterparts.  This Agreement may be executed in any number
of counterparts and by different parties hereto in separate counterparts and by
facsimile signature, each of which counterparts when so executed and delivered
shall be deemed to be an original and all of which taken together shall
constitute but one and the same agreement.

 

Section 10.9.  Binding Effect; Borrowers’ Assignment.  This Agreement shall become effective when it
shall have been executed by each Borrower, Agent and each Lender and thereafter
shall be binding upon and inure to the benefit of each Borrower, Agent and each
of the Lenders and their respective successors and assigns, except that no
Borrower shall have the right to assign its rights hereunder or any interest
herein without the prior written consent of Agent and all of the Lenders.

 

Section 10.10.  Lender Assignments.

 

(a)                                  Assignments
of Commitments.  Each Lender shall
have the right at any time or times to assign to an Eligible Transferee (other
than to a Lender that shall not be in compliance with this Agreement), without
recourse, all or a percentage of all of the following: (i) such

 

65

 

Lender’s
Commitment, (ii) all Loans made by that Lender, (iii) such Lender’s
Notes, and (iv) such Lender’s interest in any Letter of Credit or Swing
Loan, and any participation purchased pursuant to Section 2.2 or 8.5
hereof.

 

(b)                                 Prior
Consent.  No assignment may be
consummated pursuant to this Section 10.10 without the prior written
consent of Administrative Borrower and Agent (other than an assignment by any
Lender to any affiliate of such Lender which affiliate is an Eligible
Transferee and either wholly-owned by a Lender or is wholly-owned by a Person
that wholly owns, either directly or indirectly, such Lender, or to another
Lender), which consent of Administrative Borrower and Agent shall not be
unreasonably withheld; provided, however, that the consent of Administrative
Borrower shall not be required if, at the time of the proposed assignment, any
Default or Event of Default shall then exist. 
Anything herein to the contrary notwithstanding, any Lender may at any
time make a collateral assignment of all or any portion of its rights under the
Loan Documents to a Federal Reserve Bank, and no such assignment shall release
such assigning Lender from its obligations hereunder.

 

(c)                                  Minimum
Amount.  Each such assignment shall
be in a minimum amount of the lesser of Ten Million Dollars ($10,000,000) of
the assignor’s Commitment and interest herein, or the entire amount of the
assignor’s Commitment and interest herein.

 

(d)                                 Assignment
Fee.  Unless the assignment shall be
to an affiliate of the assignor or the assignment shall be due to merger of the
assignor or for regulatory purposes, either the assignor or the assignee shall
remit to Agent, for its own account, an administrative fee of Three Thousand
Five Hundred Dollars ($3,500).

 

(e)                                  Assignment
Agreement.  Unless the assignment
shall be due to merger of the assignor or a collateral assignment for
regulatory purposes, the assignor shall (i) cause the assignee to execute
and deliver to Administrative Borrower and Agent an Assignment Agreement, and (ii) execute
and deliver, or cause the assignee to execute and deliver, as the case may be,
to Agent such additional amendments, assurances and other writings as Agent may
reasonably require.

 

(f)                                    Non-U.S.
Assignee.  If the assignment is to be
made to an assignee that is organized under the laws of any jurisdiction other
than the United States or any state thereof, the assignor Lender shall cause
such assignee, at least five Business Days prior to the effective date of such
assignment, (i) to represent to the assignor Lender (for the benefit of
the assignor Lender, Agent and Borrowers) that under applicable law and
treaties no taxes will be required to be withheld by Agent, Borrowers or the
assignor with respect to any payments to be made to such assignee in respect of
the Loans hereunder, (ii) to furnish to the assignor Lender (and, in the
case of any assignee registered in the Register (as defined below), Agent and
Borrowers) either U.S. Internal Revenue Service Form W-8ECI or U.S.
Internal Revenue Service Form W-8BEN, as applicable (wherein such
assignee claims entitlement to complete exemption from U.S. federal withholding
tax on all interest payments hereunder), and (iii) to agree (for the
benefit of the assignor, Agent and Borrowers) to provide to the assignor Lender
(and, in the case of any assignee registered in the Register, to Agent and
Borrowers) a new Form W-8ECI or Form W-8BEN, as
applicable, upon the expiration or obsolescence of any previously delivered
form

 

66

 

and comparable
statements in accordance with applicable U.S. laws and regulations and
amendments duly executed and completed by such assignee, and to comply from
time to time with all applicable U.S. laws and regulations with regard to such
withholding tax exemption.

 

(g)                                 Deliveries
by Borrowers.  Upon satisfaction of
all applicable requirements specified in subsections (a) through (f) above,
Borrowers shall execute and deliver (i) to Agent, the assignor and the
assignee, any consent or release (of all or a portion of the obligations of the
assignor) required to be delivered by Borrowers in connection with the
Assignment Agreement, and (ii) to the assignee and the assignor, if
applicable, an appropriate Note or Notes. 
After delivery of the new Note or Notes, the assignor’s Note or Notes
being replaced shall be returned to Borrowers marked “replaced”.

 

(h)                                 Effect
of Assignment.  Upon satisfaction of
all applicable requirements set forth in subsections (a) through (g) above,
and any other condition contained in this Section 10.10, (i) the
assignee shall become and thereafter be deemed to be a “Lender” for the
purposes of this Agreement, (ii) the assignor shall be released from its
obligations hereunder to the extent that its interest has been assigned, (iii) in
the event that the assignor’s entire interest has been assigned, the assignor
shall cease to be and thereafter shall no longer be deemed to be a “Lender” and
(iv) the signature pages hereto and Schedule 1 hereto
shall be automatically amended, without further action, to reflect the result
of any such assignment.

 

(i)                                     Agent
to Maintain Register.  Agent shall
maintain at the address for notices referred to in Section 10.4 hereof a
copy of each Assignment Agreement delivered to it and a register (the “Register”)
for the recordation of the names and addresses of the Lenders and the
Commitment of, and principal amount of the Loans owing to, each Lender from
time to time.  The entries in the Register
shall be conclusive, in the absence of manifest error, and Borrowers, Agent and
the Lenders may treat each Person whose name is recorded in the Register as the
owner of the Loan recorded therein for all purposes of this Agreement. The
Register shall be available for inspection by Borrowers or any Lender at any
reasonable time and from time to time upon reasonable prior notice.

 

Section 10.11.  Sale of Participations.  Any Lender may, in the ordinary course of its
commercial banking business and in accordance with applicable law, at any time
sell participations to one or more Eligible Transferees (each a “Participant”)
in all or a portion of its rights or obligations under this Agreement and the
other Loan Documents (including, without limitation, all or a portion of the
Commitment and the Loans and participations owing to it and the Note held by
it); provided that:

 

(a)                                  any
such Lender’s obligations under this Agreement and the other Loan Documents
shall remain unchanged;

 

(b)                                 such
Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations;

 

67

 

(c)                                  the
parties hereto shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement and
each of the other Loan Documents;

 

(d)                                 such
Participant shall be bound by the provisions of Section 8.5 hereof, and
the Lender selling such participation shall obtain from such Participant a
written confirmation of its agreement to be so bound; and

 

(e)                                  no
Participant (unless such Participant is itself a Lender) shall be entitled to
require such Lender to take or refrain from taking action under this Agreement
or under any other Loan Document, except that such Lender may agree with such
Participant that such Lender will not, without such Participant’s consent, take
action of the type described as follows:

 

(i)                                     increase the
portion of the participation amount of any Participant over the amount thereof
then in effect, or extend the Commitment Period, without the written consent of
each Participant affected thereby; or

 

(ii)                                  reduce the principal
amount of or extend the time for any payment of principal of any Loan, or
reduce the rate of interest or extend the time for payment of interest on any
Loan, or reduce the facility fee, without the written consent of each
Participant affected thereby.

 

Borrowers
agree that any Lender that sells participations pursuant to this Section shall
still be entitled to the benefits of Article III hereof, notwithstanding
any such transfer; provided, however, that the obligations of Borrowers shall
not increase as a result of such transfer and Borrowers shall have no
obligation to any Participant.

 

Section 10.12.  Patriot Act Notice.  Each Lender and Agent (for itself and not on
behalf of any other party) hereby notifies the Credit Parties that, pursuant to
the requirements of the Patriot Act, such Lender and Agent are required to
obtain, verify and record information that identifies the Credit Parties, which
information includes the name and address of the Credit Parties and other
information that will allow such Lender or Agent, as applicable, to identify
the Credit Parties in accordance with the Patriot Act.  Administrative Borrower shall provide, to the
extent commercially reasonable, such information and take such actions as are
reasonably requested by Agent or any Lenders in order to assist Agent and the
Lender in maintaining compliance with the Patriot Act.

 

Section 10.13.  Severability of Provisions; Captions;
Attachments.  Any provision of this
Agreement that shall be prohibited or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof or
affecting the validity or enforceability of such provision in any other
jurisdiction. The several captions to Sections and subsections herein are
inserted for convenience only and shall be ignored in interpreting the provisions
of this Agreement.  Each schedule or
exhibit attached to this Agreement shall be incorporated herein and shall be
deemed to be a part hereof.

 

68

 

Section 10.14.  Entire Agreement.  This Agreement, any Note and any other Loan
Document or other agreement, document or instrument attached hereto or executed
on or as of the Closing Date integrate all of the terms and conditions
mentioned herein or incidental hereto and supersede all oral representations
and negotiations and prior writings with respect to the subject matter hereof.

 

Section 10.15.  Legal Representation of Parties.  The Loan Documents were negotiated by the
parties with the benefit of legal representation and any rule of
construction or interpretation otherwise requiring this Agreement or any other
Loan Document to be construed or interpreted against any party shall not apply
to any construction or interpretation hereof or thereof.

 

Section 10.16.  Currency.

 

(a)                                  Currency
Equivalent Generally.  For the
purposes of making valuations or computations under this Agreement (but not for
the purposes of the preparation of any financial statements delivered pursuant
hereto), unless expressly provided otherwise, where a reference is made to a
dollar amount the amount is to be considered as the amount in Dollars and,
therefor, each other currency shall be converted into the Dollar Equivalent.

 

(b)                                 Judgment
Currency.  If Agent, on behalf of the
Lenders, obtains a judgment or judgments against any Credit Party in an
Alternate Currency, the obligations of such Credit Party in respect of any sum
adjudged to be due to Agent or the Lenders hereunder or under the Notes (the “Judgment
Amount”) shall be discharged only to the extent that, on the Business Day following
receipt by Agent of the Judgment Amount in the Alternate Currency, Agent, in
accordance with normal banking procedures, purchases Dollars with the Judgment
Amount in such Alternate Currency.  If
the amount of Dollars so purchased is less than the amount of Dollars that
could have been purchased with the Judgment Amount on the date or dates the
Judgment Amount (excluding the portion of the Judgment Amount that has accrued
as a result of the failure of such Credit Party to pay the sum originally due hereunder
or under the Notes when it was originally due and owing to Agent or the Lenders
hereunder or under the Notes) was originally due and owing to Agent or the
Lenders hereunder or under the Notes (the “Original Due Date”) (the “Loss”),
such Credit Party agrees as a separate obligation and notwithstanding any such
judgment, to indemnify Agent or such Lender, as the case may be, against the
Loss, and if the amount of Dollars so purchased exceeds the amount of Dollars
that could have been purchased with the Judgment Amount on the Original Due
Date, Agent or such Lender agrees to remit such excess to such Credit Party.

 

Section 10.17.  Governing Law; Submission to Jurisdiction.  This Agreement, each of the Notes and any
Related Writing shall be governed by and construed in accordance with the laws
of the State of Ohio and the respective rights and obligations of Borrowers,
Agent, and the Lenders shall be governed by Ohio law, without regard to
principles of conflicts of laws.  Each
Borrower hereby irrevocably submits to the non-exclusive jurisdiction of any
Ohio state or federal court sitting in Cleveland, Ohio, over any action or
proceeding arising out of or relating to this Agreement, the Obligations or any
Related Writing, and each Borrower hereby irrevocably agrees that all claims in
respect of such action or proceeding may be heard and

 

69

 

 

determined in such Ohio state or federal court. Each Borrower, on
behalf of itself and its Subsidiaries, hereby irrevocably waives, to the
fullest extent permitted by law, any objection it may now or hereafter have to
the laying of venue in any action or proceeding in any such court as well as
any right it may now or hereafter have to remove such action or proceeding,
once commenced, to another court on the grounds of FORUM NON CONVENIENS or
otherwise. Each Borrower agrees that a final, nonappealable judgment in any
such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law.

 

[Remainder of page left intentionally blank]

 

70

 

Section 10.18. 
JURY TRIAL WAIVER.  TO THE
EXTENT PERMITTED BY LAW, EACH BORROWER, AGENT AND EACH LENDER WAIVE ANY RIGHT
TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN
CONTRACT, TORT OR OTHERWISE, AMONG BORROWERS, AGENT AND THE LENDERS, OR ANY
THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE
RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR ANY
NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION
HEREWITH OR THE TRANSACTIONS RELATED THERETO.

 

IN WITNESS
WHEREOF, the parties have executed and delivered this Credit Agreement as of
the date first set forth above.

 

	
  Address:

  	
  15 Inverness
  Way East

  	
  IHS INC.

  
	
   

  	
  Englewood,
  Colorado 80112

  	
   

  
	
   

  	
  Attn: Chief
  Financial Officer

  	
  By:

  	
  /s/ Francis J. Mullins

  
	
   

  	
  Facsimile:
  303-754-4025

  	
  Name:

  	
  FRANCIS J. MULLINS

  
	
   

  	
   

  	
  Title:

  	
   VICE PRESIDENT 

  
	
   

  	
   

  	
   

  
	
  Address:

  	
  15 Inverness
  Way East

  	
  INFORMATION
  HANDLING SERVICES

  
	
   

  	
  Englewood,
  Colorado 80112

  	
  GROUP INC.

  
	
   

  	
  Attn: Chief
  Financial Officer

  	
   

  
	
   

  	
  Facsimile:
  303-754-4025

  	
  By:

  	
  /s/ Francis J. Mullins

  
	
   

  	
   

  	
  Name:

  	
  FRANCIS J. MULLINS

  
	
   

  	
   

  	
  Title:

  	
   VICE PRESIDENT 

  
	
   

  	
   

  	
   

  
	
  Address:

  	
  15 Inverness
  Way East

  	
  INFORMATION
  HANDLING SERVICES

  
	
   

  	
  Englewood,
  Colorado 80112

  	
  INC.

  
	
   

  	
  Attn: Chief
  Financial Officer

  	
   

  
	
   

  	
  Facsimile:
  303-754-4025

  	
  By:

  	
  /s/ Francis J. Mullins

  
	
   

  	
   

  	
  Name:

  	
  FRANCIS J. MULLINS

  
	
   

  	
   

  	
  Title:

  	
   VICE PRESIDENT 

  
	
   

  	
   

  	
   

  
	
  Address:

  	
  15 Inverness
  Way East

  	
  IHS ENERGY
  GROUP INC.

  
	
   

  	
  Englewood,
  Colorado 80112

  	
   

  
	
   

  	
  Attn: Chief
  Financial Officer

  	
  By:

  	
  /s/ Francis J. Mullins

  
	
   

  	
  Facsimile:
  303-754-4025

  	
  Name:

  	
  FRANCIS J. MULLINS

  
	
   

  	
   

  	
  Title:

  	
   VICE PRESIDENT 

  
								

 

71

 

	
  Address:

  	
  Technical
  Indexes Ltd

  	
  IHS
  ENGINEERING GROUP UK LTD.

  
	
   

  	
  Willoughby
  Road

  	
   

  
	
   

  	
  Bracknell,
  Berkshire RG 12, 8DW

  	
  By:

  	
  /s/ Francis J. Mullins

  
	
   

  	
  UNITED
  KINGDOM

  	
   

  	
  Francis J.
  Mullins

  
	
   

  	
  Attn: Chief
  Financial Officer

  	
   

  	
  VICE
  PRESIDENT 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  and

  	
  /s/ Michael J. Sullivan

  
	
   

  	
   

  	
   

  	
  Michael J.
  Sullivan

  
	
   

  	
   

  	
   

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  24 Chemin de
  la Mairie

  	
  PETROCONSULTANTS
  S.A.

  
	
   

  	
  1258 Perly

  	
   

  	
   

  
	
   

  	
  Geneva

  	
  By:

  	
  /s/ Michael
  R. McCrory

  
	
   

  	
  Attn: Chief
  Financial Officer

  	
   

  	
  Michael R.
  McCrory

  
	
   

  	
   

  	
   

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  127 Public
  Square

  	
  KEYBANK
  NATIONAL ASSOCIATION,

  
	
   

  	
  Cleveland,
  Ohio 44114

  	
  as Agent and as a Lender

  
	
   

  	
  Attn: Key
  Technology Finance

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Vijaya N.
  Kulkarni

  
	
   

  	
   

  	
   

  	
  Vice
  President

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  DN-CO-BB4A

  	
  U.S. BANK
  NATIONAL ASSOCIATION

  
	
   

  	
  918 17th
  Street, 4th Floor

  	
   

  
	
   

  	
  Denver,
  Colorado 80202

  	
  By:

  	
   

  
	
   

  	
  Attn: Commercial
  Banking

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  MAC
  C7301-037

  	
  WELLS FARGO BANK, NATIONAL

  
	
   

  	
  1740 Broadway

  	
  ASSOCIATION

  
	
   

  	
  Denver,
  Colorado 80274

  	
   

  	
   

  
	
   

  	
  Attn: Commercial
  Banking

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Catherine M.
  Jones

  
	
   

  	
   

  	
   

  	
  Vice
  President

  
						

 

72

 

	
  Address:

  	
  Technical
  Indexes Ltd

  	
  IHS
  ENGINEERING GROUP UK LTD.

  
	
   

  	
  Willoughby
  Road

  	
   

  
	
   

  	
  Bracknell,
  Berkshire RG 12, 8DW

  	
  By:

  	
   

  
	
   

  	
  UNITED
  KINGDOM

  	
  Name:

  	
   

  
	
   

  	
  Attn: Chief
  Financial Officer

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  and

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  24 Chemin de
  la Mairie

  	
  PETROCONSULTANTS
  S.A.

  
	
   

  	
  1258 Perly

  	
   

  	
   

  
	
   

  	
  Geneva

  	
  By:

  	
   

  
	
   

  	
  Attn: Chief
  Financial Officer

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  127 Public
  Square

  	
  KEYBANK
  NATIONAL ASSOCIATION,

  
	
   

  	
  Cleveland,
  Ohio 44114

  	
  as Agent and as a Lender

  
	
   

  	
  Attn: Key
  Technology Finance

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Thomas
  A. Crandell

  
	
   

  	
   

  	
   

  	
  Thomas A.
  Crandell

  
	
   

  	
   

  	
   

  	
  Senior Vice
  President

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  DN-CO-BB4A

  	
  U.S. BANK
  NATIONAL ASSOCIATION

  
	
   

  	
  918 17th
  Street, 4th Floor

  	
   

  
	
   

  	
  Denver,
  Colorado 80202

  	
   

  
	
   

  	
  Attn: Commercial
  Banking

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  MAC
  C7301-037

  	
  WELLS FARGO BANK, NATIONAL

  
	
   

  	
  1740
  Broadway

  	
  ASSOCIATION

  
	
   

  	
  Denver,
  Colorado 80274

  	
   

  	
   

  
	
   

  	
  Attn: Commercial
  Banking

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Catherine M.
  Jones

  
	
   

  	
   

  	
   

  	
  Vice
  President

  
						

 

73

 

	
  Address:

  	
  Technical
  Indexes Ltd

  	
  IHS
  ENGINEERING GROUP UK LTD.

  
	
   

  	
  Willoughby
  Road

  	
   

  
	
   

  	
  Bracknell,
  Berkshire RG 12, 8DW

  	
  By:

  	
   

  
	
   

  	
  UNITED
  KINGDOM

  	
  Name:

  	
   

  
	
   

  	
  Attn: Chief
  Financial Officer

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  and

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  24 Chemin de
  la Mairie

  	
  PETROCONSULTANTS
  S.A.

  
	
   

  	
  1258 Perly

  	
   

  	
   

  
	
   

  	
  Geneva

  	
  By:

  	
   

  
	
   

  	
  Attn: Chief
  Financial Officer

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  127 Public Square

  	
  KEYBANK
  NATIONAL ASSOCIATION,

  
	
   

  	
  Cleveland,
  Ohio 44114

  	
  as Agent and as a Lender

  
	
   

  	
  Attn: Key
  Technology Finance

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Vijaya N.
  Kulkarni

  
	
   

  	
   

  	
   

  	
  Vice
  President

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  DN-CO-BB4A

  	
  U.S. BANK
  NATIONAL ASSOCIATION

  
	
   

  	
  918 17th
  Street, 4th Floor

  	
   

  
	
   

  	
  Denver,
  Colorado 80202

  	
   

  
	
   

  	
  Attn: Commercial
  Banking

  	
  By:

  	
  /s/ Thomas J
  McCarthy

  
	
   

  	
   

  	
   

  	
  Thomas J
  McCarthy

  
	
   

  	
   

  	
   

  	
  Vice
  President

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  MAC
  C7301-037

  	
  WELLS FARGO BANK, NATIONAL

  
	
   

  	
  1740
  Broadway

  	
  ASSOCIATION

  
	
   

  	
  Denver,
  Colorado 80274

  	
   

  	
   

  
	
   

  	
  Attn: Commercial
  Banking

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Catherine M.
  Jones

  
	
   

  	
   

  	
   

  	
  Vice
  President

  
						

 

74

 

	
  Address:

  	
  Technical
  Indexes Ltd

  	
  IHS
  ENGINEERING GROUP UK LTD.

  
	
   

  	
  Willoughby
  Road

  	
   

  
	
   

  	
  Bracknell,
  Berkshire RG 12, 8DW

  	
  By:

  	
   

  
	
   

  	
  UNITED
  KINGDOM

  	
  Name:

  	
   

  
	
   

  	
  Attn: Chief
  Financial Officer

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  and

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  24 Chemin de
  la Mairie

  	
  PETROCONSULTANTS
  S.A.

  
	
   

  	
  1258 Perly

  	
   

  	
   

  
	
   

  	
  Geneva

  	
  By:

  	
   

  
	
   

  	
  Attn: Chief
  Financial Officer

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  127 Public
  Square

  	
  KEYBANK
  NATIONAL ASSOCIATION,

  
	
   

  	
  Cleveland,
  Ohio 44114

  	
  as Agent and as a Lender

  
	
   

  	
  Attn: Key
  Technology Finance

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Vijaya N.
  Kulkarni

  
	
   

  	
   

  	
   

  	
  Vice
  President

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  DN-CO-BB4A

  	
  U.S. BANK
  NATIONAL ASSOCIATION

  
	
   

  	
  918 17th
  Street, 4th Floor

  	
   

  
	
   

  	
  Denver,
  Colorado 80202

  	
  By:

  	
   

  
	
   

  	
  Attn: Commercial
  Banking

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  MAC
  C7301-037

  	
  WELLS FARGO BANK, NATIONAL

  
	
   

  	
  1740
  Broadway

  	
  ASSOCIATION

  
	
   

  	
  Denver,
  Colorado 80274

  	
   

  	
   

  
	
   

  	
  Attn: Commercial
  Banking

  	
  By:

  	
  /s/ Catherine
  M. Jones

  
	
   

  	
   

  	
   

  	
  Catherine M.
  Jones

  
	
   

  	
   

  	
   

  	
  Vice
  President

  
						

 

75

 

SCHEDULE 1

 

	
  LENDERS

  	
   

  	
  COMMITMENT

  PERCENTAGE

  	
   

  	
  REVOLVING

  CREDIT

  COMMITMENT

  AMOUNT

  	
   

  	
  MAXIMUM

  AMOUNT

  	
   

  
	
  KeyBank National Association

  	
   

  	
  44

  	
  %

  	
  $

  	
  55,000,000

  	
   

  	
  $

  	
  55,000,000

  	
   

  
	
  U.S. Bank National Association

  	
   

  	
  28

  	
  %

  	
  $

  	
  35,000,000

  	
   

  	
  $

  	
  35,000,000

  	
   

  
	
  Wells Fargo Bank, National Association

  	
   

  	
  28

  	
  %

  	
  $

  	
  35,000,000

  	
   

  	
  $

  	
  35,000,000

  	
   

  
	
  Total Commitment Amount

  	
   

  	
  100

  	
  %

  	
  $

  	
  125,000,000

  	
   

  	
  $

  	
  125,000,000

  	
   

  

 

S-1

 

SCHEDULE 2

 

FOREIGN BORROWERS

 

IHS Engineering Group UK Ltd.

Petroconsultants S.A. 

 

S-2

 

SCHEDULE 2.2

 

EXISTING LETTERS OF CREDIT

 

	
  SBLC No.

  	
   

  	
  Amount

  	
   

  	
  Renewal Date

  	
   

  	
  Expiry Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S305381000

  	
   

  	
  50,000.00

  	
   

  	
  10/22/04

  	
   

  	
  10/22/05

  
	
  S305384000

  	
   

  	
  200,000.00

  	
   

  	
  9/19/04

  	
   

  	
  9/19/05

  
	
  S305387000

  	
   

  	
  81,874.00

  	
   

  	
  6/30/04

  	
   

  	
  6/30/05

  
	
  S306195000

  	
   

  	
  164,461.35

  	
   

  	
  3/10/04

  	
   

  	
  12/15/05

  
	
  S306929000

  	
   

  	
  188,400.00

  	
   

  	
  6/30/04

  	
   

  	
  6/30/05

  
	
  S307166000

  	
   

  	
  300,570.00

  	
   

  	
  7/31/04

  	
   

  	
  7/31/05

  
	
  S307718000

  	
   

  	
  53,295.00

  	
   

  	
  12/31/04

  	
   

  	
  12/30/05

  
	
  S307787000

  	
   

  	
  47,757.00

  	
   

  	
  12/31/04

  	
   

  	
  12/30/05

  
	
  S307790000

  	
   

  	
  53,295.00

  	
   

  	
  12/31/04

  	
   

  	
  12/30/05

  
	
  S307793000

  	
   

  	
  45,804.00

  	
   

  	
  12/31/04

  	
   

  	
  12/30/05

  
	
  S307796000

  	
   

  	
  48,082.00

  	
   

  	
  12/31/04

  	
   

  	
  12/31/05

  
	
  S307823000

  	
   

  	
  53,295.10

  	
   

  	
  12/31/04

  	
   

  	
  12/30/05

  
	
  S307830000

  	
   

  	
  59,166.00

  	
   

  	
  1/31/05

  	
   

  	
  1/31/05

  
	
  S307833000

  	
   

  	
  44,409.00

  	
   

  	
  1/31/05

  	
   

  	
  12/31/05

  
	
  S307836000

  	
   

  	
  49,067.00

  	
   

  	
  12/31/04

  	
   

  	
  12/31/05

  
	
  S307883000

  	
   

  	
  58,955.00

  	
   

  	
  1/31/05

  	
   

  	
  1/31/05

  
	
  S308290000

  	
   

  	
  72,420.00

  	
   

  	
  1/31/05

  	
   

  	
  1/31/05

  
	
  S308501000

  	
   

  	
  30,908.10

  	
   

  	
  12/15/05

  	
   

  	
  12/15/05

  
	
  S309828000A

  	
   

  	
  10,042.00

  	
   

  	
  11/24/04

  	
   

  	
  12/31/05

  
	
  S309829000A

  	
   

  	
  34,876.00

  	
   

  	
  11/24/04

  	
   

  	
  12/31/05

  
	
  S309884000A

  	
   

  	
  65,163.00

  	
   

  	
  12/9/04

  	
   

  	
  12/31/05

  
	
  S309885000A

  	
   

  	
  6,531.00

  	
   

  	
  12/9/04

  	
   

  	
  12/31/05

  
	
  S309886000A

  	
   

  	
  9,251.00

  	
   

  	
  12/9/04

  	
   

  	
  12/31/05

  
	
  S309920000A

  	
   

  	
  45,804.00

  	
   

  	
  12/20/04

  	
   

  	
  12/31/05

  
	
  S309928000A

  	
   

  	
  10,195.00

  	
   

  	
  12/22/04

  	
   

  	
  12/31/05

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total:

  	
   

  	
  1,783,620.55

  	
   

  	
   

  	
   

  	
   

  

 

S-3

 

SCHEDULE 3

 

GUARANTORS OF PAYMENT (DOMESTIC & FOREIGN)

 

Domestic Guarantors of Payment

 

	
  State of Organization

  	
   

  	
  Company

  
	
   

  	
   

  	
   

  
	
  Colorado

  	
   

  	
  IHS Group
  Inc.

  
	
   

  	
   

  	
   

  
	
  Delaware

  	
   

  	
  IHS Inc.

  
	
   

  	
   

  	
  Information
  Handling Services Group Inc.

  
	
   

  	
   

  	
  Information
  Handling Services Inc.

  
	
   

  	
   

  	
  IHS Energy
  Group Inc.

  
	
   

  	
   

  	
  IHS Group
  Services Inc.

  
	
   

  	
   

  	
  IHS Property
  Management Inc.

  
	
   

  	
   

  	
  IHS South
  Africa Publishing Inc.

  
	
   

  	
   

  	
  IHS Africa
  Holdings Inc.

  
	
   

  	
   

  	
  Information
  Handling Services South Africa Inc.

  
	
   

  	
   

  	
  IHS Canada
  Limited

  
	
   

  	
   

  	
  IHS
  iMonitoring Inc.

  
	
   

  	
   

  	
  Nexdata
  Solutions, Inc.

  
	
   

  	
   

  	
  IHS Database
  Services Inc.

  
	
   

  	
   

  	
  PID
  Acquisition Corp.

  
	
   

  	
   

  	
  Dwights
  Acquisition Corp.

  
	
   

  	
   

  	
  Petroleum
  Information/Dwights LLC

  
	
   

  	
   

  	
  Petroconsultants-MAI
  Inc.

  
	
   

  	
   

  	
   

  
	
  Massachusetts

  	
   

  	
  Cambridge
  Energy Research Associates, Inc.

  
	
   

  	
   

  	
   

  
	
  Texas

  	
   

  	
  Data Logic
  Services Corp.

  
	
   

  	
   

  	
  IHS Energy
  Log Services, Inc.

  
	
   

  	
   

  	
   

  
	
  Virginia

  	
   

  	
  USA
  Information Systems, Inc.

  

 

Foreign
Guarantors of Payment

 

	
  Country

  	
   

  	
  Company

  
	
   

  	
   

  	
   

  
	
  Australia

  	
   

  	
  IHS
  Australia Pty Ltd.

  
	
   

  	
   

  	
  IHS
  Enterprise Solutions (Australia) Pty Limited

  
	
   

  	
   

  	
   

  
	
  Canada

  	
   

  	
  IHS Energy
  (Canada) Ltd. (fka IHS Accumap Ltd.)

  
	
   

  	
   

  	
  IHS Group
  Canada Ltd.

  
	
   

  	
   

  	
  IHS
  Solutions Limited

  
	
   

  	
   

  	
  Cambridge
  Energy Research Associates (Canada) Inc.

  

 

S-4

 

	
  Denmark

  	
   

  	
  Information
  Handling Services Nordic A/S

  
	
   

  	
   

  	
   

  
	
  France

  	
   

  	
  IHS France
  SA

  
	
   

  	
   

  	
   

  
	
  Germany

  	
   

  	
  IHS Holdings
  GmbH

  
	
   

  	
   

  	
  Cambridge
  Energy Research Associates (Germany) GmbH

  
	
   

  	
   

  	
   

  
	
  Hong Kong

  	
   

  	
  IHS Hong
  Kong Limited

  
	
   

  	
   

  	
   

  
	
  Japan

  	
   

  	
  Information
  Handling Services Japan Inc.

  
	
   

  	
   

  	
   

  
	
  Malaysia

  	
   

  	
  Information
  Handling Services (Malaysia) Sdn. Bhd. (95% ownership)

  
	
   

  	
   

  	
   

  
	
  Mexico

  	
   

  	
  Information Handling Services de Mexico S.A. de C.V.

  
	
   

  	
   

  	
   

  
	
  Sweden

  	
   

  	
  IHS Nordic
  Tech AB

  
	
   

  	
   

  	
   

  
	
  Switzerland

  	
   

  	
  Petroconsultants
  S.A.

  
	
   

  	
   

  	
  TFV Technischer Fachbuch Vertrieb AG (80% ownership)

  
	
   

  	
   

  	
   

  
	
  United
  Kingdom

  	
   

  	
  IHS
  Engineering Group UK Ltd.

  
	
   

  	
   

  	
  IHS Group
  Holdings Limited

  
	
   

  	
   

  	
  ESDU
  International Plc

  
	
   

  	
   

  	
  Technical
  Indexes Limited

  
	
   

  	
   

  	
  Wessex
  Software International Limited

  
	
   

  	
   

  	
  Wessex
  Software (UK) Limited

  
	
   

  	
   

  	
  Wessex
  Software (Maintenance) Limited

  
	
   

  	
   

  	
  Integrated
  Exploration and Development Services Limited

  
	
   

  	
   

  	
  IHS Energy
  Ltd.

  
	
   

  	
   

  	
  IHS Energy
  Group UK Limited

  
	
   

  	
   

  	
  Petroconsultants-MAI
  Limited

  
	
   

  	
   

  	
  Petroconsultants
  (UK) Limited

  
	
   

  	
   

  	
  Petroleum
  Information (ERICO) Limited

  
	
   

  	
   

  	
  Cambridge
  Energy Research Associates (UK) Limited

  

 

S-5

 

SCHEDULE 4

 

ADDITIONAL FOREIGN GUARANTOR MAXIMUM AMOUNT

 

None.

 

S-6

 

EXHIBIT A

FORM OF

US BORROWER REVOLVING CREDIT NOTE

 

	
  $                     

  	
   

  	
   

  	
  January 6, 2005

  

 

FOR VALUE
RECEIVED, the undersigned, IHS INC., INFORMATION HANDLING SERVICES GROUP INC.,
INFORMATION HANDLING SERVICES INC. and IHS ENERGY GROUP INC. (collectively, “US
Borrowers” and, individually, each a “US Borrower”), jointly and severally,
promise to pay, on the last day of the Commitment Period, as defined in the
Credit Agreement (as hereinafter defined), to the order of [             ]
(“Lender”) at the main office of KEYBANK NATIONAL ASSOCIATION, as Agent, as
hereinafter defined, 127 Public Square, Cleveland, Ohio 44114 the principal sum
of

 

DOLLARS

 

or the
aggregate unpaid principal amount of all Revolving Loans, as defined in the
Credit Agreement made by Lender to US Borrowers pursuant to Section 2.2(a) of
the Credit Agreement, whichever is less, in lawful money of the United States
of America; provided that Revolving Loans that are Alternate Currency Loans, as
defined in the Credit Agreement, shall be payable in the applicable Alternate
Currency, as defined in the Credit Agreement, at the place or places designated
in the Credit Agreement.  US Borrowers
also agree to pay any additional amount that is required to be paid pursuant to
Section 10.15 of the Credit Agreement.

 

As used
herein, “Credit Agreement” means the Amended and Restated Credit Agreement
dated as of January 6, 2005, among US Borrowers, the Foreign Borrowers, as
defined therein, the Lenders, as defined therein, KeyBank National Association,
as lead arranger, sole book runner and administrative agent for the Lenders (“Agent”),
U.S. Bank National Association, as co-documentation agent, and Wells Fargo
Bank, National Association, as co-documentation agent, as the same may from
time to time be amended, restated or otherwise modified.  Each capitalized term used herein that is
defined in the Credit Agreement and not otherwise defined herein shall have the
meaning ascribed to it in the Credit Agreement.

 

US Borrowers
also promise to pay interest on the unpaid principal amount of each Revolving
Loan from time to time outstanding, from the date of such Revolving Loan until
the payment in full thereof, at the rates per annum that shall be determined in
accordance with the provisions of Section 2.3(a) of the Credit
Agreement.  Such interest shall be
payable on each date provided for in such Section 2.3(a); provided,
however, that interest on any principal portion that is not paid when due shall
be payable on demand.

 

The portions
of the principal sum hereof from time to time representing Base Rate Loans and
LIBOR Fixed Rate Loans, and payments of principal of any thereof, shall be
shown on the records of Lender by such method as Lender may generally employ;
provided, however, that failure to make any such entry shall in no way detract
from the obligations of US Borrowers under this Note.

 

E-1

 

If this Note
shall not be paid at maturity, whether such maturity occurs by reason of lapse
of time or by operation of any provision for acceleration of maturity contained
in the Credit Agreement, the principal hereof and the unpaid interest thereon
shall bear interest, until paid, at a rate per annum equal to the Default
Rate.  All payments of principal of and
interest on this Note shall be made in immediately available funds.

 

This Note is
one of the US Borrower Revolving Credit Notes referred to in the Credit
Agreement.  Reference is made to the
Credit Agreement for a description of the right of the undersigned to anticipate
payments hereof, the right of the holder hereof to declare this Note due prior
to its stated maturity, and other terms and conditions upon which this Note is
issued.

 

Except as
expressly provided in the Credit Agreement, US Borrowers expressly waive
presentment, demand, protest and notice of any kind.  This Note shall be governed by and construed
in accordance with the laws of the State of Ohio, without regard to conflicts
of laws provisions.

 

JURY TRIAL
WAIVER.  EACH OF
THE UNDERSIGNED, TO THE EXTENT PERMITTED BY LAW, HEREBY WAIVE ANY RIGHT TO HAVE
A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT
OR OTHERWISE, AMONG US BORROWERS, AGENT AND THE LENDERS, OR ANY THEREOF,
ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE
RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR ANY
NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN
CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO.

 

	
  INFORMATION HANDLING SERVICES

  INC.

  	
   

  	
  IHS INC.

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  IHS ENERGY
  GROUP INC.

  	
   

  	
  INFORMATION HANDLING SERVICES

  GROUP INC.

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
											

 

E-2

 

EXHIBIT B

FORM OF

FOREIGN BORROWER REVOLVING CREDIT NOTE

 

	
  $                     

  	
   

  	
   

  	
  January 6, 2005

  

 

FOR VALUE
RECEIVED, the undersigned, [                     ]
(“Foreign Borrower”), promises to pay, on the last day of the Commitment
Period, as defined in the Credit Agreement (as hereinafter defined), to the
order of [                                              ]
(“Lender”) at the main office of KEYBANK NATIONAL ASSOCIATION, as Agent, as
hereinafter defined, 127 Public Square, Cleveland, Ohio 44114 the principal sum
of

 

DOLLARS

 

or the
aggregate unpaid principal amount of all Revolving Loans, as defined in the
Credit Agreement made by Lender to a Foreign Borrower pursuant to Section 2.2(a) of
the Credit Agreement, whichever is less, in lawful money of the United States
of America; provided that Revolving Loans that are Alternate Currency Loans, as
defined in the Credit Agreement, shall be payable in the applicable Alternate
Currency, as defined in the Credit Agreement, at the place or places designated
in the Credit Agreement.  Foreign
Borrower also agrees to pay any additional amount that is required to be paid
pursuant to Section 10.15 of the Credit Agreement.

 

As used
herein, “Credit Agreement” means the Amended and Restated Credit Agreement
dated as of January 6, 2005, among Foreign Borrowers, as defined therein,
US Borrowers, as defined therein, the Lenders, as defined therein, KeyBank
National Association, as lead arranger, sole book runner and administrative
agent for the Lenders (“Agent”), U.S. Bank National Association, as
co-documentation agent, and Wells Fargo Bank, National Association, as
co-documentation agent, as the same may from time to time be amended, restated
or otherwise modified.  Each capitalized
term used herein that is defined in the Credit Agreement and not otherwise
defined herein shall have the meaning ascribed to it in the Credit Agreement.

 

Foreign
Borrower also promises to pay interest on the unpaid principal amount of each
Revolving Loan from time to time outstanding, from the date of such Revolving
Loan until the payment in full thereof, at the rates per annum that shall be
determined in accordance with the provisions of Section 2.3(a) of the
Credit Agreement.  Such interest shall be
payable on each date provided for in such Section 2.3(a); provided,
however, that interest on any principal portion that is not paid when due shall
be payable on demand.

 

The portions
of the principal sum hereof from time to time representing Base Rate Loans and
LIBOR Fixed Rate Loans, and payments of principal of any thereof, shall be
shown on the records of Lender by such method as Lender may generally employ;
provided, however, that failure to make any such entry shall in no way detract
from the obligations of Foreign Borrowers under this Note.

 

If this Note
shall not be paid at maturity, whether such maturity occurs by reason of lapse
of time or by operation of any provision for acceleration of maturity contained
in the Credit

 

E-3

 

Agreement, the
principal hereof and the unpaid interest thereon shall bear interest, until
paid, at a rate per annum equal to the Default Rate. All payments of principal
of and interest on this Note shall be made in immediately available funds.

 

This Note is
one of the Foreign Borrower Revolving Credit Notes referred to in the Credit
Agreement.  Reference is made to the
Credit Agreement for a description of the right of the undersigned to
anticipate payments hereof, the right of the holder hereof to declare this Note
due prior to its stated maturity, and other terms and conditions upon which
this Note is issued.

 

Except as
expressly provided in the Credit Agreement, Foreign Borrower expressly waives
presentment, demand, protest and notice of any kind.  This Note shall be governed by and construed
in accordance with the laws of the State of Ohio, without regard to conflicts
of laws provisions.

 

JURY TRIAL
WAIVER.  FOREIGN
BORROWER, TO THE EXTENT PERMITTED BY LAW, HEREBY WAIVES ANY RIGHT TO HAVE A
JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT
OR OTHERWISE, AMONG FOREIGN BORROWER, AGENT AND THE LENDERS, OR ANY THEREOF,
ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE
RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR ANY
NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN
CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO.

 

 

	
   

  	
  [FOREIGN
  BORROWER]

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
					

 

E-4

 

EXHIBIT C

FORM OF

SWING LINE NOTE

 

	
  $20,000,000

  	
   

  	
  January 6, 2005

  

 

FOR VALUE
RECEIVED, the undersigned, IHS INC., INFORMATION HANDLING SERVICES GROUP INC.,
INFORMATION HANDLING SERVICES INC. and IHS ENERGY GROUP INC. (collectively, “US
Borrowers” and, individually, each a “US Borrower”), jointly and severally,
promise to pay to the order of KEYBANK NATIONAL ASSOCIATION (“Lender”) at the
main office of KEYBANK NATIONAL ASSOCIATION, as Agent, as hereinafter defined,
127 Public Square, Cleveland, Ohio 44114 the principal sum of

 

	
  TWENTY
  MILLION AND 00/100 

  	
  DOLLARS

  

 

or the
aggregate unpaid principal amount of all Swing Loans, as defined in the Credit
Agreement (as hereinafter defined) made by Lender to US Borrowers pursuant to Section 2.2(c) of
the Credit Agreement, whichever is less, in lawful money of the United States
of America on the earlier of the last day of the Commitment Period, as defined
in the Credit Agreement, or, with respect to each Swing Loan, the Swing Loan
Maturity Date applicable thereto.

 

As used
herein, “Credit Agreement” means the Amended and Restated Credit Agreement
dated as of January 6, 2005, among US Borrowers, Foreign Borrowers, as
defined therein, the Lenders, as defined therein, KeyBank National Association,
as lead arranger, sole book runner and administrative agent for the Lenders (“Agent”),
U.S. Bank National Association, as co-documentation agent, and Wells Fargo
Bank, National Association, as co-documentation agent, as the same may from
time to time be amended, restated or otherwise modified.  Each capitalized term used herein that is
defined in the Credit Agreement and not otherwise defined herein shall have the
meaning ascribed to it in the Credit Agreement.

 

US Borrowers
also promise to pay interest on the unpaid principal amount of each Swing Loan
from time to time outstanding, from the date of such Swing Loan until the
payment in full thereof, at the rates per annum that shall be determined in
accordance with the provisions of Section 2.3(b) of the Credit
Agreement.  Such interest shall be
payable on each date provided for in such Section 2.3(b); provided,
however, that interest on any principal portion that is not paid when due shall
be payable on demand.

 

The principal
sum hereof from time to time and the payments of principal and interest
thereon, shall be shown on the records of Lender by such method as Lender may
generally employ; provided, however, that failure to make any such entry shall
in no way detract from the obligations of US Borrowers under this Note.

 

If this Note
shall not be paid at maturity, whether such maturity occurs by reason of lapse
of time or by operation of any provision for acceleration of maturity contained
in the Credit Agreement, the principal hereof and the unpaid interest thereon
shall bear interest, until paid, at a

 

E-5

 

rate per annum
equal to the Default Rate. All payments of principal of and interest on this
Note shall be made in immediately available funds.

 

This Note is
the Swing Line Note referred to in the Credit Agreement.  Reference is made to the Credit Agreement for
a description of the right of the undersigned to anticipate payments hereof,
the right of the holder hereof to declare this Note due prior to its stated
maturity, and other terms and conditions upon which this Note is issued.

 

Except as
expressly provided in the Credit Agreement, US Borrowers expressly waives
presentment, demand, protest and notice of any kind.  This Note shall be governed by and construed
in accordance with the laws of the State of Ohio, without regard to conflicts
of laws provisions.

 

JURY TRIAL
WAIVER.  US BORROWERS, TO THE EXTENT
PERMITTED BY LAW, HEREBY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN
RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG
BORROWERS, AGENT AND THE LENDERS, OR ANY THEREOF, ARISING OUT OF, IN CONNECTION
WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN
CONNECTION WITH THIS NOTE OR ANY OTHER NOTE OR OTHER INSTRUMENT, DOCUMENT OR
AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS
RELATED THERETO.

 

	
  INFORMATION HANDLING SERVICES

  INC.

  	
   

  	
  IHS INC.

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  IHS ENERGY
  GROUP INC.

  	
   

  	
  INFORMATION HANDLING SERVICES

  GROUP INC.

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
											

 

E-6

 

EXHIBIT D

FORM OF

NOTICE OF LOAN

 

	
   

  	
  [Date]                                ,
  20

  

 

KeyBank
National Association, as Agent

127 Public Square

Cleveland, Ohio  44114-0616

Attention: Institutional Banking

 

Ladies and
Gentlemen:

 

The
undersigned, IHS INC. (“Administrative Borrower”) refers to the Amended and
Restated Credit Agreement, dated as of January 6, 2005 (“Credit Agreement”,
the terms defined therein being used herein as therein defined), among the
Borrowers, the Lenders, KeyBank National Association, as Agent, U.S. Bank
National Association, as co-documentation agent, and Wells Fargo Bank, National
Association, as co-documentation agent, and hereby gives you notice, pursuant
to Section 2.5 of the Credit Agreement that Borrowers hereby request a
Loan under the Credit Agreement, and in connection therewith sets forth below
the information relating to the Loan (the “Proposed Loan”) as required by Section 2.5
of the Credit Agreement:

 

(a)                                  The
Borrower requesting the Loan is IHS Inc., on behalf of                               .

 

(b)                                 The
Business Day of the Proposed Loan is                  ,
20     .

 

(c)                                  The
amount of the Proposed Loan is $                         .

 

(d)                                 The
Proposed Loan is to be a Base Rate Loan       ,
Alternate Currency Loan       , Eurodollar Loan       ,
Swing Loan       .  (Check one.)

 

(e)                                  If
the Proposed Loan is an Alternate Currency Loan or a Eurodollar Loan, the
Interest Period requested is: one month       ,
two months       , three months       ,
six months       .  (Check one.)

 

The
undersigned hereby certifies on behalf of Borrowers that the following
statements are true on the date hereof, and will be true on the date of the
Proposed Loan:

 

(i)                                     the
representations and warranties contained in each Loan Document are correct in
all material respects, before and after giving effect to the Proposed Loan and
the application of the proceeds therefrom, as though made on and as of such date,
except to the extent that any thereof expressly relate to an earlier date;

 

E-7

 

(ii)                                  no
event has occurred and is continuing, or would result from such Proposed Loan,
or the application of proceeds therefrom, that constitutes a Default or Event
of Default; and

 

(iii)                               the
conditions set forth in Section 2.5 and Article IV of the Credit
Agreement have been satisfied.

 

 

	
   

  	
  IHS INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
					

 

E-8

 

EXHIBIT E

FORM OF

COMPLIANCE CERTIFICATE

 

For Fiscal Quarter ended                             

 

THE
UNDERSIGNED HEREBY CERTIFIES THAT:

 

(1)                                  I
am the duly elected President or Chief Financial Officer of IHS INC., a
Delaware corporation (“IHS”);

 

(2)                                  I
am familiar with the terms of that certain Amended and Restated Credit
Agreement, dated as of January 6, 2005, among the Borrowers, as defined
therein, the lenders named on Schedule 1 thereto (together with
their respective successors and assigns, collectively, the “Lenders”), KeyBank
National Association, as Agent, U.S. Bank National Association, as
co-documentation agent, and Wells Fargo Bank, National Association, as
co-documentation agent (as the same may from time to time be amended, restated
or otherwise modified, the “Credit Agreement”, the terms defined therein being
used herein as therein defined), and the terms of the other Loan Documents, and
I have made, or have caused to be made under my supervision, a review in
reasonable detail of the transactions and condition of Borrowers and their
Subsidiaries during the accounting period covered by the attached financial
statements;

 

(3)                                  The
review described in paragraph (2) above did not disclose, and I have no
knowledge of, the existence of any condition or event that constitutes or
constituted a Default or Event of Default, at the end of the accounting period
covered by the attached financial statements or as of the date of this
Certificate;

 

(4)                                  The
representations and warranties made by the Credit Parties contained in each
Loan Document are true and correct in all material respects as though made on
and as of the date hereof; except to the extent that any thereof expressly
relate to an earlier date; and

 

(5)                                  Set
forth on Attachment I hereto are calculations of the financial covenants set
forth in Sections 5.7 of the Credit Agreement, which calculations show
compliance with the terms thereof.

 

IN WITNESS WHEREOF, I have signed this certificate the       
day of                   ,
20      .

 

	
   

  	
   

  	
  IHS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  
							

 

E-9

EXHIBIT F

FORM OF

ASSIGNMENT AND ACCEPTANCE AGREEMENT

 

This Assignment and Acceptance Agreement (this “Assignment Agreement”)
between                                             
(the “Assignor”) and                                             
(the “Assignee”) is dated as of                 ,
20  .  The parties hereto agree
as follows:

 

1.                                       Preliminary
Statement.  Assignor is a party to a
Amended and Restated Credit Agreement, dated as of January 6, 2005 (as the
same may from time to time be amended, restated or otherwise modified, the “Credit
Agreement”), among IHS INC., INFORMATION HANDLING SERVICES GROUP INC.,
INFORMATION HANDLING SERVICES INC. and IHS ENERGY GROUP INC. (collectively, “US
Borrowers”), each Foreign Borrower, as defined in the Credit Agreement (each
such Foreign Borrower, together with US Borrowers shall be referred to herein,
collectively, as “Borrowers” and, individually, each a “Borrower”), the lenders
named on Schedule 1 thereto (together with their respective
successors and assigns, collectively, the “Lenders” and, individually, each a “Lender”),
KEYBANK NATIONAL ASSOCIATION, as lead arranger, sole book runner and
administrative agent for the Lenders (“Agent”), U.S. BANK NATIONAL ASSOCIATION,
as co-documentation agent, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as
co-documentation agent.  Capitalized
terms used herein and not otherwise defined herein shall have the meanings
attributed to them in the Credit Agreement.

 

2.                                       Assignment
and Assumption.  Assignor hereby
sells and assigns to Assignee, and Assignee hereby purchases and assumes from
Assignor, an interest in and to Assignor’s rights and obligations under the
Credit Agreement, effective as of the Assignment Effective Date (as hereinafter
defined), equal to the percentage interest specified on Annex 1 hereto
(hereinafter, “Assignee’s Percentage”) of Assignor’s right, title and interest
in and to (a) the Commitment of Assignor as set forth on Annex 1
hereto (hereinafter, the “Assigned Amount”), (b) any Loan made by Assignor
that is outstanding on the Assignment Effective Date, (c) Assignor’s
interest in any Letter of Credit outstanding on the Assignment Effective Date, (d) any
Note delivered to Assignor pursuant to the Credit Agreement, and (e) the
Credit Agreement and the other Related Writings.  After giving effect to such sale and
assignment and on and after the Assignment Effective Date, Assignee shall be
deemed to have a “Commitment Percentage” under the Credit Agreement equal to
the Commitment Percentage set forth in subpart II.A on Annex 1 hereto.

 

3.                                       Assignment
Effective Date.  The Assignment
Effective Date (the “Assignment Effective Date”) shall be [                
    ,         ] (or
such other date agreed to by Agent).  On
or prior to the Assignment Effective Date, Assignor shall satisfy the following
conditions:

 

(a)                                  receipt
by Agent of  this Assignment Agreement,
including Annex 1 hereto, properly executed by Assignor and Assignee and accepted
and consented to by Agent and, if necessary pursuant to the provisions of Section 10.10(b) of
the Credit Agreement, by Administrative Borrower;

 

E-10

(b)                                 receipt
by Agent from Assignor of a fee of Three Thousand Five Hundred Dollars
($3,500), if required by Section 10.10(d) of the Credit Agreement;

 

(c)                                  receipt
by Agent from Assignee of an administrative questionnaire, or other similar
document, which shall include (i) the address for notices under the Credit
Agreement, (ii) the address of its Lending Office, (iii) wire
transfer instructions for delivery of funds by Agent, (iv) and such other
information as Agent shall request; and

 

(d)                                 receipt
by Agent from Assignor or Assignee of any other information required pursuant
to Section 10.10 of the Credit Agreement or otherwise necessary to
complete the transaction contemplated hereby.

 

4.                                       Payment
Obligations.  In consideration for
the sale and assignment of Loans hereunder, Assignee shall pay to Assignor, on the
Assignment Effective Date, the amount agreed to by Assignee and Assignor.  Any interest, fees and other payments accrued
prior to the Assignment Effective Date with respect to the Assigned Amount
shall be for the account of Assignor. 
Any interest, fees and other payments accrued on and after the
Assignment Effective Date with respect to the Assigned Amount shall be for the
account of Assignee.  Each of Assignor
and Assignee agrees that it will hold in trust for the other part any interest,
fees or other amounts which it may receive to which the other party is entitled
pursuant to the preceding sentence and to pay the other party any such amounts
which it may receive promptly upon receipt thereof.

 

5.                                       Credit
Determination; Limitations on Assignor’s Liability.  Assignee represents and warrants to Assignor,
Borrowers, Agent and the Lenders (a) that it is capable of making and has
made and shall continue to make its own credit determinations and analysis
based upon such information as Assignee deemed sufficient to enter into the
transaction contemplated hereby and not based on any statements or
representations by Assignor, (b) Assignee confirms that it meets the
requirements to be an assignee as set forth in Section 10.10 of the Credit
Agreement; (c) Assignee confirms that it is able to fund the Loans and the
Letters of Credit as required by the Credit Agreement; (d) Assignee agrees
that it will perform in accordance with their terms all of the obligations
which by the terms of the Credit Agreement and the Related Writings are
required to be performed by it as a Lender thereunder; and (e) Assignee
represents that it has reviewed each of the Loan Documents.  It is understood and agreed that the
assignment and assumption hereunder are made without recourse to Assignor and
that Assignor makes no representation or warranty of any kind to Assignee and
shall not be responsible for (i) the due execution, legality, validity,
enforceability, genuineness, sufficiency or collectability of the Credit
Agreement or any Related Writings, (ii) any representation, warranty or
statement made in or in connection with the Credit Agreement or any of the
Related Writings, (iii) the financial condition or creditworthiness of any
Borrower or Guarantor of Payment, (iv) the performance of or compliance
with any of the terms or provisions of the Credit Agreement or any of the
Related Writings, (v) the inspection of any of the property, books or
records of Borrowers, or (vi) the validity, enforceability, perfection,
priority, condition, value or sufficiency of any collateral securing or
purporting to secure the Loans or Letters of Credit.  Neither Assignor nor any of its officers,
directors, employees, agents or attorneys shall be liable for any mistake,
error of judgment, or action taken or omitted to be taken in connection with
the Loans, the Letters of

 

E-11

Credit, the
Credit Agreement or the Related Writings, except for its or their own bad faith
or willful misconduct.  Assignee appoints
Agent to take such action as agent on its behalf and to exercise such powers
under the Credit Agreement as are delegated to Agent by the terms thereof.

 

6.                                       Indemnity.  Assignee agrees to indemnify and hold
Assignor harmless against any and all losses, cost and expenses (including,
without limitation, attorneys’ fees) and liabilities incurred by Assignor in
connection with or arising in any manner from Assignee’s performance or
non-performance of obligations assumed under this Assignment Agreement.

 

7.                                       Subsequent
Assignments.  After the Assignment
Effective Date, Assignee shall have the right pursuant to Section 10.10 of
the Credit Agreement to assign the rights which are assigned to Assignee
hereunder, provided that (a) any such subsequent assignment does not violate
any of the terms and conditions of the Credit Agreement, any of the Related
Writings, or any law, rule, regulation, order, writ, judgment, injunction or
decree and that any consent required under the terms of the Credit Agreement or
any of the Related Writings has been obtained, (b) the assignee under such
assignment from Assignee shall agree to assume all of Assignee’s obligations
hereunder in a manner satisfactory to Assignor and (c) Assignee is not
thereby released from any of its obligations to Assignor hereunder.

 

8.                                       Reductions
of Aggregate Amount of Commitments. 
If any reduction in the Total Commitment Amount occurs between the date
of this Assignment Agreement and the Assignment Effective Date, the percentage
of the Total Commitment Amount assigned to Assignee shall remain the percentage
specified in Section 1 hereof and the dollar amount of the Commitment of
Assignee shall be recalculated based on the reduced Total Commitment Amount.

 

9.                                       Acceptance
of Agent; Notice by Assignor.  This
Assignment Agreement is conditioned upon the acceptance and consent of Agent
and, if necessary pursuant to Section 10.10 of the Credit Agreement, upon
the acceptance and consent of Administrative Borrower; provided, that the
execution of this Assignment Agreement by Agent and, if necessary, by
Administrative Borrower is evidence of such acceptance and consent.

 

10.                                 Entire
Agreement.  This Assignment Agreement
embodies the entire agreement and understanding between the parties hereto and
supersedes all prior agreements and understandings between the parties hereto
relating to the subject matter hereof.

 

11.                                 Governing
Law.  This Assignment Agreement shall
be governed by the laws of the State of Ohio, without regard to conflicts of
laws.

 

12.                                 Notices.  Notices shall be given under this Assignment
Agreement in the manner set forth in the Credit Agreement.  For the purpose hereof, the addresses of the
parties hereto (until notice of a change is delivered) shall be the address set
forth under each party’s name on the signature pages hereof.

 

[Remainder of page intentionally left
blank.]

 

E-12

13.                                 JURY
TRIAL WAIVER.  EACH OF THE UNDERSIGNED,
TO THE EXTENT PERMITTED BY LAW, WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN
RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE, AMONG
AGENT, ANY OF THE LENDERS AND BORROWERS, OR ANY THEREOF, ARISING OUT OF, IN
CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED
AMONG THEM IN CONNECTION WITH THIS INSTRUMENT OR ANY NOTE OR OTHER AGREEMENT,
INSTRUMENT OR DOCUMENT EXECUTED OR DELIVERED IN CONNECTION THEREWITH OR THE
TRANSACTIONS RELATED HERETO.

 

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

 

	
   

  	
   

  	
   

  	
  ASSIGNOR:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Phone:

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Fax:

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
												

 

 

	
   

  	
   

  	
   

  	
  ASSIGNEE:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Phone:

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Fax:

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
												

 

	
  Accepted
  and Consented to this     day of
      , 20  :

  	
  Accepted
  and Consented to this     day of
      , 20  :

  
	
   

  	
   

  
	
  KEYBANK
  NATIONAL ASSOCIATION,

  	
  IHS
  INC.

  
	
    as
  Agent

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
								

 

E-13

ANNEX 1

TO

ASSIGNMENT AND ACCEPTANCE AGREEMENT

 

On and after the Assignment Effective Date, the Commitment of Assignee,
and, if this is less than an assignment of all of Assignor’s interest,
Assignor, shall be as follows:

 

	
  I.

  	
  INTEREST OF
  ASSIGNOR BEING ASSIGNED TO ASSIGNEE

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  A.

  	
  Assignee’s
  Percentage

  	
   

  	
   

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  B.

  	
  Assigned
  Amount

  	
   

  	
  $

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  II.

  	
  ASSIGNEE’S
  COMMITMENT (as of the Assignment Effective Date)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  A.

  	
  Assignee’s
  Commitment Percentage under the Credit Agreement

  	
   

  	
   

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  B.

  	
  Assignee’s
  Commitment Amount under the Credit Agreement

  	
   

  	
  $

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  III.

  	
  ASSIGNOR’S
  COMMITMENT (as of the Assignment Effective Date)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  A.

  	
  Assignor’s
  Commitment Percentage under the Credit Agreement

  	
   

  	
   

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  B.

  	
  Assignor’s
  Commitment Amount under the Credit Agreement

  	
   

  	
  $

  	
   

  

 

E-14

EXHIBIT G

FORM OF

FOREIGN BORROWER ASSUMPTION AGREEMENT

 

This FOREIGN BORROWER ASSUMPTION AGREEMENT (“Agreement”) is made
effective as of                         ,
20    , by and among                                 ,
a                   
(the “Obligor”), IHS INC., a Delaware corporation (“IHS”), INFORMATION HANDLING
SERVICES GROUP INC., a Delaware corporation (“IHS Group”), INFORMATION HANDLING
SERVICES INC., a Delaware corporation (“IHS Services”), IHS ENERGY GROUP INC.,
a Delaware corporation (“IHS Energy” and, together with IHS, IHS Group and IHS
Services, collectively, “US Borrowers”), each Foreign Borrower, as defined in
the Credit Agreement referred to below (each such Foreign Borrower, together
with US Borrowers shall be referred to herein, collectively, as “Borrowers”
and, individually, each a “Borrower”), KEYBANK NATIONAL ASSOCIATION, as lead
arranger, sole book runner and administrative agent for the Lenders (“Agent”),
on behalf of and for the benefit of each of the banks named therein
(collectively, the “Lenders” and, individually, each a “Lender”), U.S. BANK
NATIONAL ASSOCIATION, as co-documentation agent, and WELLS FARGO BANK, NATIONAL
ASSOCIATION, as co-documentation agent :

 

WHEREAS, Borrowers, Agent, and the Lenders are parties to the Amended
and Restated Credit Agreement, dated as of January 6, 2005 (as the same
may from time to time be amended, restated or otherwise modified, the “Credit
Agreement”, each capitalized term not defined herein being used herein as
therein defined) wherein Agent and the Lenders have agreed to make Loans to
Borrowers, and the Fronting Lender has agreed to issue Letters of Credit to IHS
on behalf of the Lenders, all upon certain terms and conditions;

 

WHEREAS, pursuant to Section 2.13 of the Credit Agreement, IHS has
requested that, effective on                           ,
20       (the “FB Assumption Effective Date”),
the Obligor shall be designated as a “Foreign Borrower” under the Credit
Agreement; and

 

WHEREAS, Agent and the Lenders are willing to permit the Obligor to
become a “Foreign Borrower” under the Credit Agreement and the Lenders are
willing to make Loans to the Obligor pursuant to the Commitment, upon certain
terms and conditions as set forth in the Credit Agreement, one of which is that
the Obligor shall assume all of the Obligations, as hereinafter defined, and
this Agreement is being executed and delivered in consideration of each
financial accommodation, if any, granted to the Obligor by Agent and the
Lenders and for other valuable considerations;

 

NOW, THEREFORE, in consideration of the foregoing premises and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Obligor hereby agrees as follows:

 

1.                                       Assumption.
On and after the FB Assumption Effective Date, the Obligor irrevocably and
unconditionally assumes and shall be liable for all of the obligations of a
Foreign Borrower under the Credit Agreement, the Notes and the Related Writings
(the “Obligations”) as fully as if such Obligor had been an original party to
the Credit Agreement, including, but not

 

E-15

limited to (a) all
Loans and Letters of Credit made to or for the benefit of the Obligor; (b) all
other indebtedness now owing or hereafter incurred by the Obligor to Agent and
the Lenders pursuant to the Credit Agreement and the Notes executed in
connection therewith; and (c) each renewal, extension, consolidation or
refinancing of any of the foregoing, in whole or in part.

 

2.                                       Obligor
Party to the Credit Agreement.  On
and after the FB Assumption Effective Date, the Obligor shall (a) be
designated a “Foreign Borrower” pursuant to the terms and conditions of the
Credit Agreement, and (b) become bound by all representations, warranties,
covenants, provisions and conditions of the Credit Agreement and each other
Loan Document applicable to the Foreign Borrowers as if the Obligor had been
the original party making such representations, warranties and covenants.

 

3.                                       Representations
and Warranties of the Obligor.  The
Obligor represents and warrants to Agent and each Lender that:

 

(a)                                  the Obligor is an
entity duly organized or formed, validly existing and in good standing or in
full force and effect under the laws of its jurisdiction of organization or
formation, as the case may be, and is duly qualified or authorized to do
business in each jurisdiction in which the Obligor is doing business, to the
extent the failure to be so authorized would have an adverse material impact on
the Obligor;

 

(b)                                 the Obligor has full
power, authority and legal right to execute and deliver this Agreement, and to
perform and observe the provisions hereof and of the Credit Agreement and the
Notes executed by the Obligor, and the officers acting on behalf of the Obligor
have been duly authorized to execute and deliver this Agreement;

 

(c)                                  this Agreement, the
Credit Agreement and the Notes executed by the Obligor are each valid and
binding upon the Obligor and enforceable against the Obligor in accordance with
their respective terms; and

 

(d)                                 each of the
representations and warranties set forth in Article VI of the Credit
Agreement applicable to a Foreign Borrower are true and complete in all
material respects with respect to the Obligor as a Foreign Borrower under the
Credit Agreement, except to the extent that any thereof expressly relate to an
earlier date.

 

4.                                       Representations
and Warranties of Borrowers and the Obligor.  The Borrowers and the Obligor represent and
warrant to Agent and each Lender that:

 

(a)                                  no Default or Event
of Default exists under the Credit Agreement, nor will any occur immediately
after the execution and delivery of this Agreement or by the performance or
observance of any provision hereof; and

 

(b)                                 neither the execution
and delivery of this Agreement, nor the performance and observance of the
provisions hereof, by the Obligor will conflict with, or constitute a violation
or default under, any provision of any applicable law or of any material
contract

 

E-16

(including, without limitation, the Obligor’s organizational,
constituting or governing documents) or of any other material writing binding
upon the Obligor in any manner.

 

5.                                       Obligations
of Borrowers and Each Guarantor Not Affected.  Anything herein to the contrary
notwithstanding, Borrowers and each Guarantor of Payment shall remain bound by
the terms and conditions of all of the Loan Documents to which such Borrower or
Guarantor of Payment is a party regardless of the assumption of the Obligations
by the Obligor hereunder or the enforceability thereof or of the Notes.

 

6.                                       Conditions
Precedent.  Concurrently with the
execution of this Agreement, Borrowers and the Obligor, as appropriate, shall:

 

(a)                                  satisfy each of the
conditions set forth in Section 2.13 of the Credit Agreement;

 

(b)                                 pay all reasonable
legal fees and expenses of Agent incurred in connection with this Agreement;

 

(c)                                  cause each Guarantor
of Payment to consent and agree to and acknowledge the terms of this Agreement;
and

 

(d)                                 provide such other
items as may be reasonably required by Agent or the Lenders in connection with
this Agreement.

 

7.                                       Binding
Nature of Agreement.  All provisions
of the Credit Agreement shall remain in full force and effect and be unaffected
hereby.  This Agreement is a Related
Writing as defined in the Credit Agreement. 
This Agreement shall bind and benefit Borrowers, the Obligor and Agent
and the Lenders and their respective successors and assigns.

 

8.                                       Counterparts.  This Agreement may be executed in any number
of counterparts, by different parties hereto in separate counterparts and by
facsimile signature, each of which when so executed and delivered shall be deemed
to be an original and all of which taken together shall constitute but one and
the same agreement.

 

9.                                       Ohio
Law to Govern.  The rights and
obligations of all parties hereto shall be governed by the laws of the State of
Ohio, without regard to principles of conflicts of laws.

 

[Remainder of page intentionally left
blank.]

 

E-17

10.                                 JURY
TRIAL WAIVER.  EACH OF THE
UNDERSIGNED, TO THE EXTENT PERMITTED BY LAW, HEREBY WAIVES ANY RIGHT TO HAVE A
JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT,
OR OTHERWISE, AMONG AGENT, THE LENDERS, OBLIGOR AND BORROWERS, OR ANY THEREOF,
ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE
RELATIONSHIP ESTABLISHED AMONG EACH OF THEM IN CONNECTION WITH THIS INSTRUMENT
OR ANY NOTE OR OTHER AGREEMENT, INSTRUMENT OR DOCUMENT EXECUTED OR DELIVERED IN
CONNECTION THEREWITH OR THE TRANSACTIONS RELATED HERETO.

 

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

 

 

	
   

  	
  OBLIGOR:

  
	
   

  	
   

  
	
   

  	
  [                                                ]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  IHS INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  [OTHER
  BORROWERS]

  
	
   

  	
   

  
	
   

  	
  AGENT:

  
	
   

  	
   

  
	
   

  	
  KEYBANK
  NATIONAL ASSOCIATION,

  
	
   

  	
     as
  Agent on behalf of and for the benefit

  
	
   

  	
     of
  the Lenders

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
					

 

E-18

GUARANTOR ACKNOWLEDGMENT

 

Each of the undersigned consents and agrees to and acknowledges the
terms of the foregoing Foreign Borrower Assumption Agreement.  Each of the undersigned specifically agrees
to the waivers set forth in such agreement, including, but not limited to, the
jury trial waiver.  Each of the
undersigned further agrees that the obligations of each of the undersigned
pursuant to the Guaranty of Payment and any other Loan Document to which any of
the undersigned is a party shall remain in full force and effect and be
unaffected hereby.

 

 

	
   

  	
  [                                                ]

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  [INCLUDE ALL
  GUARANTORS]

  	
   

  
					

 

E-19

EXHIBIT H

FORM OF

REQUEST FOR EXTENSION

 

                                 ,
                   

 

KeyBank
National Association, as Agent

127 Public Square

Cleveland, Ohio 44114-0616

Attention: Institutional Banking

 

Ladies and
Gentlemen:

 

The undersigned, IHS INC., INFORMATION HANDLING SERVICES GROUP INC.,
INFORMATION HANDLING SERVICES INC. and IHS ENERGY GROUP INC. (collectively, “US
Borrowers”), each Foreign Borrower, as defined in the Credit Agreement referred
to below (each such Foreign Borrower, together with US Borrowers shall be
referred to herein, collectively, as “Borrowers” and, individually, each a “Borrower”),
refer to the Amended and Restated Credit Agreement, dated as of January 6,
2005 (as the same may from time to time be amended, restated or otherwise
modified, the “Credit Agreement”, the terms defined therein being used herein
as therein defined), among Borrowers, the Lenders, as defined in the Credit
Agreement, KEYBANK NATIONAL ASSOCIATION, as lead arranger, sole book runner and
administrative agent for the Lenders (“Agent”), U.S. BANK NATIONAL ASSOCIATION,
as co-documentation agent, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as
co-documentation agent, and hereby gives you notice, pursuant to Section 2.14
of the Credit Agreement that the undersigned hereby requests an extension as
set forth below (the “Extension”) under the Credit Agreement, and in connection
with the Extension sets forth below the information relating to the Extension
as required by Section 2.14 of the Credit Agreement.

 

The undersigned hereby requests Agent and the Lenders to extend the
Commitment Period from                             
          , 200  
to                                 
          , 200  .

 

The undersigned hereby certifies that the following statements are true
on the date hereof, and will be true on the date of the Extension: (a) the
representations and warranties contained in each Loan Document are correct in
all material respects, before and after giving effect to the Extension and the
application of the proceeds therefrom, as though made on and as of such date
except to the extent that any thereof expressly relate to an earlier date; (b) no
event has occurred

 

E-20

and is
continuing, or would result from such Extension, or the application of proceeds
therefrom, which constitutes a Default or an Event of Default; and (c) the
conditions set forth in Section 2.14 and Article IV of the Credit
Agreement have been satisfied.

 

	
   

  	
  Very truly
  yours,

  
	
   

  	
   

  
	
   

  	
  IHS INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
					

 

E-21QuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 10.20  

 
 

IHS GROUP    
    
    Executive    
    
    Relocation Policy    
    
    2004    
    

 
IHS GROUP EXECUTIVE RELOCATION POLICY  

Policy  

        It is the policy of IHS Group and its participating companies (hereinafter referred to as Company) to relocate employees and their families as expeditiously as
possible and with the least amount of inconvenience to the relocating family. All relocations are to be approved in advance by an ExCom member. All relocation expenses are to be charged to the
department that the employee will be employed in. Any questions should be directed to the Relocation Department, IHS Denver. 

Provisions  

I.     Eligibility  

        This policy applies to grade levels S-13 and above. 

All
employees permanently (more than twelve months) relocated at the convenience of the Company are eligible for benefits under this policy. Contingent eligibility requirements include the
following: 

	•
	The
move should be completed within six months after transfer; no longer than twelve months.

	•
	Eligibility
ceases immediately if the employee is terminated for any reason. In addition, employees who voluntarily terminate their employment or who are discharged for
cause within twelve months after the date of the relocation will be required to repay, on a pro-rata basis, all relocation expenses paid on their behalf by the Company. A Relocation
Reimbursement
Agreement Form must be signed by the employee and returned to the Relocation Administrator at the IHS Denver office prior to commencement of the relocation process.

	•
	The
new place of work must be at least 50 miles further from the former residence than was the former place of employment.

	•
	The
employee must be the owner, one of the owners, or a bona fide head of household in the property owned by a close relative, which was the place of residence immediately
prior to transfer. "Home" is defined, for the purpose of this policy, as completed real estate used as a year-round one or two family primary residence. This includes condominiums and
townhouses, and excludes summer or second homes or excess land or acreage adjacent to the primary home. 

II.    Standard Expense Reimbursement  

	A.
	Employees
are given a miscellaneous moving allowance equal to two weeks base salary at the rate in effect at the new location, or $3,000 (whichever is lower), to be used for any
miscellaneous relocation expenses not specifically mentioned in this policy. The miscellaneous moving allowance will be paid only one time in any twelve-month period regardless of the number of moves. 

It
is a good idea to keep all receipts during your move, especially the ones that are not reimbursed by IHS, to help reduce the tax impact of the miscellaneous moving allowance. You may use these
receipts to credit against the miscellaneous moving allowance when you fill out your 3903 at tax time. 

	B.
	Lease
Breaking

	1.
	Company
may cover cost and penalties to terminate a rental lease if approved by an Ex Com member.

	2.
	Company
limits lease breaking costs to a maximum amount equal to two months' rent if approved by an Ex Com member. 

2

 

	C.
	Selection
of a New Home/Househunting Pre-Move Visits

	1.
	Employee
and spouse/partner may be reimbursed for one trip up to one week's duration, to the new work location for the purpose of selecting a home.

	2.
	Reimbursable
home finding expenditures will also include expenses incurred for lodging, meals and rental car for one week's duration. Receipts are required and should be attached to a
company expense report.

	D.
	Movement
of Household Goods (Primary Domicile Only)

	1.
	The
Company will engage the services of a moving company to facilitate the transportation of all reasonable household effects. Arrangements for the special handling and movement of
unusual items such as trailers, boats, livestock, hot tubs/spas, building materials, firewood, hobby items, etc., are not covered. Any exception requires an Ex Com members approval.

	2.
	Payment
by the Company will be made only for the initial move from the employee's old primary residence to the new primary residence. The employee must pay for any additional
pick-ups other than the primary residence and any additional deliveries at the new location.

	3.
	The
following additional services are included:

	a.
	Insurance
at full replacement value at time of estimate. NOTE: any items of high value, such as antiques, should be brought to the attention of the Relocation Department and the moving
company involved.

	b.
	Packing
and Loading

	c.
	Transporting
and Unloading

	d.
	Partial
Unpacking

	e.
	Debris
pick-up

	f.
	Normal
appliance services

	g.
	Necessary
storage of household effects for up to 30 days. The moving company will arrange storage. You will need to make payment to the moving company if your storage exceeds
thirty days. The company will pay to deliver your goods out of storage to your permanent residence one time. If you request the moving company to deliver your household goods to a
"self-storage" type unit, the Company will not pay to move your goods out of this type of storage.

	h.
	Permanent
storage may be available when the move is international as long as the employee remains on the international assignment for the specified time agreed to before the move.

	4.
	The
company will not pay for:

	a.
	Housecleaning

	b.
	Snow
removal

	c.
	Labor
to take down draperies, curtains, shades, blinds

	d.
	Cost
of extra pick up or delivery at second location

	e.
	Piano
or organ tuning, clock servicing, electronic equipment tuning

	f.
	Dismantling
of swing sets, bookshelves, outdoor recreational equipment

	g.
	Above
ground pools 

3

 

	h.
	Furnishings
of secondary homes

	5.
	The
Company will select the mover.

	6.
	Items
that cannot be moved by the moving company:

	a.
	Bank
bills, Deeds, Valuable papers, Coins, Notes, Currency, Drafts

	b.
	Watches,
Jewelry

	c.
	Liquor

	d.
	Furs

	e.
	Firearms

	f.
	Open
paint cans, Aerosol cans, Propane

	g.
	Precious
metals

	h.
	Live
ammunition

	i.
	Coin,
Stamp collections

	j.
	Flammable
materials

	7.
	Transporting
Pets

	a.
	Costs
for the transportation of up to two pets, each no larger than a dog, to the new location will be reimbursed up to $150 per animal only if it is impossible for you to transport
such pets along with the family during your final move trip. Reimbursement will be made only upon the presentation of a detailed original receipt attached to a company expense report form. The company
will accept no liability for shipping pets.

	E.
	Transportation
of Employee and Family

	1.
	Unless
the distance is unreasonable, or where other factors do not make it practical, the employee is expected to drive his or her personal vehicle. Mileage will be paid at the
prevailing Company rate, plus tolls and parking. Shipment of a second automobile is authorized when the distance exceeds 400 miles. Any requests other than the above must have the written approval
from an Ex Com member.

	2.
	If
airline transportation is involved, the Company will reserve the lowest rate available through the company travel department.

	3.
	A
midsize automobile rental may be included for a maximum of two weeks or until your personal vehicle has arrived. This does not apply to a second personal vehicle. The company travel
department will assist you with car rental reservations.

	4.
	Meal
and lodging expenses are covered and are based on reasonable expenses incurred while moving to a new location. Receipts are required.

	5.
	Employees
who are required to move to the new location before the new residence is available for possession, or arrive before their household effects, will be reimbursed for temporary
residence for up to 30 days unless permanent housing is available sooner. This expense covers lodging only; it does not include food, meals and other expenses incurred while in temporary
lodging. The relocation department will arrange all temporary housing.

	6.
	Household
good moves are awarded to carriers who provide professional service to our employees at all times. Every employee is asked to complete a Service Performance Report following
the move. The carrier is evaluated on the basis of these performances. The 

4

 

relocation
department will provide you with this form. Please return to the relocation department within three weeks of your completed move. 

	F.
	Assistance
in the Sale of Primary Domicile/Purchase of New Home

	1.
	In
order to be eligible for this benefit the employee must own a home at the old location. Expenses connected directly with the primary domicile (second homes or resort condominiums
not included) shall be eligible for reimbursement within the following guidelines:

	a.
	Payment
of closing costs, including real estate fees, legal fees and miscellaneous fees normally associated with closing costs. Closing costs are actual costs and should not exceed
8.5% of the selling price when selling a home, and 4.5% of the purchase price when purchasing a home. Points reimbursed by the Company on the purchase end shall not exceed (2) points. The loan
origination fee and the loan discount points cannot exceed (2) points in total.

	b.
	Mortgage
points, penalty points, loan origination fees (on selling end), taxes and interest associated with closings costs are not paid
by the Company.

	2.
	The
payment of closing costs on either the buying or selling end have certain restrictions, making some homes ineligible. Examples of these include:

	a.
	Excess
acreage/Farms

	b.
	Commercial
or Rental Properties

	c.
	Closing
costs are capped on homes valued at $750,000

	d.
	Properties
with structural problems 

Contact
the relocation department if you have questions about the eligibility of your home. 

III.  Method of Reimbursement  

	A.
	Expenses
for Travel, Temporary Living and other Related Expenses

	1.
	The
employee shall submit expenses to the relocation department on a standard company expense report form.

	2.
	The
employee's immediate supervisor must approve the expense report form before sending to the Relocation Department in Denver. This form must also be approved by the department head,
the relocation department and the finance department (controller's office) before being forwarded through normal accounting channels.

	B.
	Tax
Information

	1.
	Many
reimbursements or direct bill items paid to you or on your behalf are considered taxable and earned income as required by the Internal Revenue Service (IRS) and are included on
your W-2 earnings statement.

	2.
	To
help compensate you for the additional taxes on the taxable items, the Company will gross-up payments for home finding trips, temporary living expenses, miscellaneous
moving allowance and real estate closing costs (excluding points and loan origination fees as they are deductible as an itemized deduction).

	3.
	The
gross-up calculation is based on the supplemental withholding rates for federal and state withholding, if applicable, as well as Social Security tax, if not capped and
Medicare tax and local taxes, if applicable. Spousal income, investment income or any other outside income is not included in the calculations. 

5

 

	4.
	You
are encouraged to consult your personal tax advisor for information regarding the tax consequences of your relocation benefits.

	5.
	A
TBG company must employ the employee at the time the income tax relief is requested.

	6.
	Lump
sum payments to employees to assist in relocation are taxable and not eligible for income tax gross-up. 

        This
policy may be changed at any time at the discretion of senior management. 

        Revised,
October, 2004 

6

QuickLinks

IHS GROUP Executive Relocation Policy 2004

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}]]