Document:

exv4w2

Exhibit 4.2

     THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED
IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART
MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITORY OR ITS NOMINEE EXCEPT IN
THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND SUCH CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.,
OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY, ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, SINCE THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

ATMOS ENERGY CORPORATION

5.50% Senior Notes due 2041

			
	 	 	 
	No. 1
	 	CUSIP NO. 049560 AK1
	 
	 	ISIN NO. US049560AK13

 

 

          Atmos Energy Corporation, a Texas and Virginia corporation
(herein called the “Company”, which term includes any successor
entity under the Indenture, hereinafter defined), for value
received, hereby promises to pay to Cede & Co. or registered assigns
the principal sum of FOUR HUNDRED MILLION DOLLARS ($400,000,000) on
June 15, 2041 (the “Maturity Date”), at the office or agency of the
Company referred to below, and to pay interest thereon from June 10,
2011, or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semiannually in arrears
on June 15 and December 15 in each year (each, an “Interest Payment
Date”), beginning December 15, 2011 at 5.50% per annum until the
principal hereof is paid or duly provided for.

          Any payment of principal or interest required to be made on a day that is not a Business Day need
not be made on such day, but may be made on the next succeeding Business Day with the same force
and effect as if made on such day and no interest shall accrue as a result of such delayed payment.
Interest payable on each Interest Payment Date will include interest accrued from and including
June 10, 2011, or from and including the most recent Interest Payment Date to which interest has
been paid or duly provided for, as the case may be, to but excluding such Interest Payment Date.
Interest will be computed on the basis of a 360-day year of twelve 30-day months.

          The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date
will, as provided in the Indenture, be paid to the person (the “Holder”) in whose name this
Security (or one or more Predecessor Securities) is registered at the close of business on the June
1 or December 1 (whether or not a Business Day) next preceding such Interest Payment Date (a
“Regular Record Date”). Any such interest not so punctually paid or duly provided for (“Defaulted
Interest”) will forthwith cease to be payable to the Holder on such Regular Record Date and either
may be paid to the Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a special record date (the “Special Record Date”) for the
payment of such Defaulted Interest to be fixed by the Trustee (referred to herein), notice whereof
shall be given to the Holder of this Security not less than ten days prior to such Special Record
Date, or may be paid at any time in any other lawful manner, all as more fully provided in the
Indenture.

          For purposes of this Security, “Business Day” means any day that, in the city of the principal
Corporate Trust Office of the Trustee and in the City of New York, is neither a Saturday, Sunday,
or legal holiday nor a day on which banking institutions are authorized or required by law or
regulation to close.

          Payment of the principal of (and premium, if any) and interest on this Security will be made at the
office or agency of the Company maintained for that purpose in the Borough of Manhattan, the City
of New York, or at such other office or agency of the Company as may be maintained for such
purpose, in such coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts. So long as this Security remains
in book-entry form, all payments of principal and interest will be made by the Company in
immediately available funds.

 

 

          Unless the certificate of authentication hereon has been duly executed by the Trustee by manual
signature, this Security shall not be entitled to any benefit under the Indenture, or be valid or
obligatory for any purpose.

          This Security is one of a duly authorized issue of securities of the Company, designated as
the 5.50% Senior Notes due 2041 (the “Securities”), issued under an Indenture dated as of March 26,
2009, as it may be supplemented from time to time (referred to herein as the “Indenture”), between
the Company and U.S. Bank National Association, as trustee (referred to herein as the “Trustee”,
which term includes any successor trustee under the Indenture with respect to the series of which
this Security is a part). A reference is hereby made to the Indenture for a statement of the
respective rights, limitations of rights, duties, obligations and immunities thereunder of the
Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities
are, and are to be, authenticated and delivered, except as otherwise provided herein.

          The Securities are initially limited to $400,000,000 aggregate principal amount. The
Company may, at any time, without the consent of the Holders of the Securities, create and issue
additional securities having the same ranking, interest rate, maturity and other terms as the
Securities. Any such additional securities shall be consolidated and form the same series of the
Securities having the same terms as to status, redemption and otherwise as the Securities under the
Indenture.

          Events of Default. If an Event of Default shall occur and be continuing, the principal of
all the Securities may be declared due and payable in the manner and with the effect provided in
the Indenture.

          Optional Redemption. The Securities will be redeemable prior to maturity at the
Company’s option, at any time in whole or from time to time in part. Prior to December 15, 2040,
the Redemption Price will be equal to the greater of:

          (a) 100% of the principal amount of the Securities to be redeemed, and

          (b) as determined by the Quotation Agent, the sum of the present values of the Remaining
Scheduled Payments of principal and interest on the Securities to be redeemed discounted to the
Redemption Date on a semi-annual basis assuming a 360-day year consisting of twelve 30-day months
at the Adjusted Treasury Rate plus 20 basis points;

plus, in each case, accrued and unpaid interest on the principal
amount of Securities being redeemed to the Redemption Date.

At any time on or after December 15, 2040, the Redemption Price will
be equal to 100% of the principal amount of the Securities to be
redeemed, plus accrued and unpaid interest thereon to the Redemption
Date.

          “Adjusted Treasury Rate” means, for any Redemption Date, the rate per annum equal to the
semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price of the
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for that Redemption Date.

 

 

          “Comparable Treasury Issue” means the United States Treasury security selected by the
Quotation Agent as having a maturity comparable to the remaining term of the Securities to be
redeemed that would be used, at the time of a selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of comparable maturity to the
remaining term of the Securities to be redeemed.

          “Comparable Treasury Price” means, for any Redemption Date, the Reference Treasury Dealer
Quotation for that Redemption Date.

          “Quotation Agent” means the Reference Treasury Dealer appointed by the Company.

          “Reference Treasury Dealer” means each of BNP Paribas Securities Corp., Morgan Stanley & Co. LLC,
UBS Securities LLC and a Primary Treasury Dealer (as defined below) selected by Wells Fargo
Securities, LLC, and any of their successors; provided, however, if any of the foregoing ceases to
be a primary U.S. government securities dealer in New York City (a “Primary Treasury Dealer”), the
Company will substitute therefor another Primary Treasury Dealer.

          “Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any
Redemption Date, the average, as determined by the Trustee, of the bid and asked prices for the
Comparable Treasury Issue (expressed, in each case, as a percentage of its principal amount) quoted
in writing to the Trustee by such Reference Treasury Dealer by 5:00 p.m. on the third Business Day
preceding such Redemption Date.

          “Remaining Scheduled Payments” means, with respect to each Security to be redeemed, the
remaining scheduled payments of the principal and interest on such Security that would be due after
the related Redemption Date but for such redemption; provided, however, that if such Redemption
Date is not an Interest Payment Date, the amount of the next succeeding scheduled interest payment
on such Security will be reduced by the amount of interest accrued on such Security to such
Redemption Date.

          In the event that less than all of the Securities are to be redeemed at any time, selection of such
Securities for redemption will be made by The Depository Trust Company (“DTC”) during any period
the Securities are issued in the form of a global security registered in the name of DTC or a
nominee thereof; provided that during any period the Securities are issued in certificated form,
the selection of such Securities for redemption will be made by the Trustee by lot or by such other
method as the Trustee in its sole discretion shall deem fair and appropriate. A partial redemption
shall not reduce the portion of the principal amount of a Security not redeemed to a principal
amount of less than $2,000. Notice of redemption shall be given by first-class mail, postage
prepaid, mailed not less than 30 nor more than 60 days before the Redemption Date, to each Holder
of Securities to be redeemed, at its address as shown in the Security Register. If the
Securities are to be redeemed in part only, the notice of redemption that relates to such
Securities shall state the portion of the principal amount thereof to be redeemed. A new Security
in a principal amount equal to the unredeemed portion thereof will be issued in the name of the
Holder thereof upon surrender for cancellation of the original Security. On and

 

 

after the
Redemption Date, interest will cease to accrue on Securities or portions thereof called for
redemption unless the Company defaults in the payment of the Redemption Price.

          Sinking Fund. This Security does not have the benefit of any sinking fund obligations.

          Modification and Waivers; Obligations of the Company Absolute. The Indenture permits, with
certain exceptions as therein provided, the amendment thereof and the modification of the rights
and obligations of the Company and the rights of the Holders of the Securities. Certain limited
amendments may be effected under the Indenture at any time by the Company and the Trustee without
the consent of any Holders of the Securities. Certain other amendments affecting the Securities
may only be effected under the Indenture with the consent of the Holders of not less than a
majority in aggregate principal amount of the Securities at the time Outstanding. The Indenture
also contains provisions permitting the Holders of not less than a majority in principal amount of
the Securities at the time Outstanding, on behalf of the Holders of all Outstanding Securities, to
waive compliance by the Company with certain provisions of the Indenture affecting the Securities.
Furthermore, provisions in the Indenture permit the Holders of not less than a majority in
principal amount of the Outstanding Securities to waive on behalf of all of the Holders of all
Outstanding Securities certain past defaults under the Indenture in respect of the Securities and
their consequences. Any such consent or waiver by or on behalf of the Holder of this Security
shall be conclusive and binding upon such Holder and upon all future Holders of this Security and
of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu
hereof whether or not notation of such consent or waiver is made upon this Security.

          No reference herein to the Indenture and no provision of this Security or of the Indenture shall
alter or impair the obligation of the Company, which is absolute and unconditional, to pay the
principal of (and premium, if any) and interest on this Security at the times, place and rate, and
in the coin or currency, herein prescribed.

          Defeasance and Covenant Defeasance. The Indenture contains provisions for defeasance at
any time of (a) the entire indebtedness of the Company represented by this Security and (b) certain
restrictive covenants and the related Defaults and Events of Default, upon compliance by the
Company with certain conditions set forth therein, which provisions apply to this Security.

          Authorized Denominations. The Securities are issuable only in registered form, without
coupons, in minimum denominations of $2,000 and any integral multiple of $1,000 in excess thereof.

          Registration of Transfer or Exchange. As provided in the Indenture and subject to certain
limitations therein set forth, the transfer of this Security is registrable on the Security
Register of the Company, upon surrender of this Security for registration of transfer at the office
or agency of the Company, duly endorsed by, or accompanied by a written instrument of transfer in
form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or
his attorney duly authorized in writing, and thereupon one or more new Securities, of authorized
denominations and for the same aggregate principal amount, will be issued to the

 

 

designated
transferee or transferees. At the date of the original issuance of this Security such office or
agency of the Company is maintained by U.S. Bank National Association, 1349 West Peachtree Street,
Suite 1050, Atlanta, Georgia.

          As provided in the Indenture and subject to certain limitations therein set forth, the Securities
are exchangeable for a like aggregate principal amount of Securities of a different authorized
denomination, as requested by the Holder surrendering the same.

          No service charge shall be made for any registration of transfer or exchange or redemption of
Securities, but the Company may require payment of a sum sufficient to pay all documentary, stamp
or similar issue or transfer taxes or other governmental charges payable in connection with any
registration of transfer or exchange.

          Prior to the time of due presentment of this Security for registration of transfer, the Company,
the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any agent shall be affected by notice to the
contrary.

          Defined Terms. All capitalized terms used in this Security which are defined in the
Indenture shall have the meanings assigned to them in the Indenture.

          Governing Laws. This Security and the Indenture shall be governed by and construed in
accordance with the laws of the State of New York, without regard to conflicts of laws principles
that would apply any other law.

 

 

          IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

	 	 	 	 	 
	 	ATMOS ENERGY CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	Fred E. Meisenheimer 	 
	 	 	Title:  	Senior Vice President and
Chief Financial Officer 	 
	 

	 	 	 	 	 

	Attest:	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:  Dwala Kuhn
	 	 
	 

	 	Title:    Corporate Secretary	 	 

 

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

          This is one of the Securities of the series designated therein referred to in the within-mentioned
Indenture.

	 	 	 	 	 
	Dated:      , 2011 	U.S. Bank National Association,

as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Officer 	 
	 

 

 

ASSIGNMENT FORM

To assign this Security, fill in the form below:

(I) or (we) assign and transfer this Security to

 

(Insert assignee’s social security or tax I.D. no.)

 

 
 

 

 

 

 

(Print or type assignee’s name, address and zip code)

and irrevocably appoint 

agent to transfer this Security on the books of the Company. The
agent may substitute another to act for him.

Date:                                         Signature: 

(sign exactly as name appears on the other side of this

Security)

Signature guaranteed by: ____________________exv10w1

Exhibit 10.1

EXECUTION VERSION

 

 

Revolving and Term Loan Credit Agreement

Dated as of October 5, 2009

American Midstream, LLC,

As the initial Borrower,

Comerica Bank,

As the Administrative Agent,

BBVA Compass Bank,

As the Documentation Agent,

And

Comerica Bank and BBVA Compass Bank,

As Co-Lead Arrangers

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	1. DEFINITIONS
	 	 	1	 
	1.1 Certain Defined Terms
	 	 	1	 
	 
	 	 	 	 
	2. REVOLVING CREDIT
	 	 	29	 
	2.1 Commitment
	 	 	29	 
	2.2 Accrual of Interest and Maturity; Evidence of Indebtedness
	 	 	30	 
	2.3 Requests for and Refundings and Conversions of Advances
	 	 	31	 
	2.4 Disbursement of Advances
	 	 	32	 
	2.5 Swing Line
	 	 	34	 
	2.6 Interest Payments; Default Interest
	 	 	39	 
	2.7 Optional Prepayments
	 	 	40	 
	2.8 Base Rate Advance in Absence of Election or Upon Default
	 	 	41	 
	2.9 Revolving Credit Facility Fee
	 	 	41	 
	2.10 Mandatory Repayment of Revolving Credit Advances
	 	 	42	 
	2.11 Optional Reduction or Termination of Revolving Credit Aggregate Commitment
	 	 	43	 
	2.12 Use of Proceeds of Advances
	 	 	44	 
	 
	 	 	 	 
	3. LETTERS OF CREDIT
	 	 	44	 
	3.1 Letters of Credit
	 	 	44	 
	3.2 Conditions to Issuance
	 	 	45	 
	3.3 Notice
	 	 	46	 
	3.4 Letter of Credit Fees; Increased Costs
	 	 	46	 
	3.5 Other Fees
	 	 	47	 
	3.6 Participation Interests in and Drawings and Demands for Payment Under Letters of Credit
	 	 	48	 
	3.7 Obligations Irrevocable
	 	 	50	 
	3.8 Risk Under Letters of Credit
	 	 	51	 
	3.9 Indemnification
	 	 	52	 
	3.10 Right of Reimbursement
	 	 	53	 
	 
	 	 	 	 
	4. TERM LOAN
	 	 	53	 
	4.1 Term Loan
	 	 	53	 
	4.2 Accrual of Interest and Maturity; Evidence of Indebtedness
	 	 	54	 
	4.3 Repayment of Principal
	 	 	54	 
	4.4 Term Loan Rate Requests; Refundings and Conversions of Advances of Term Loan
	 	 	55	 
	4.5 Base Rate Advance in Absence of Election or Upon Default
	 	 	56	 
	4.6 Interest Payments; Default Interest
	 	 	56	 
	4.7 Optional Prepayment of the Term Loan
	 	 	57	 
	4.8 Mandatory Prepayment of Term Loan
	 	 	58	 
	4.9 Use of Proceeds
	 	 	59	 
	4.10 Term Loan Facility Fee
	 	 	59	 

-i-

 

TABLE OF CONTENTS
(Continued)

	 	 	 	 	 
	 	 	Page
	5. CONDITIONS
	 	 	59	 
	5.1 Conditions of Initial Advances
	 	 	60	 
	5.2 Continuing Conditions
	 	 	64	 
	 
	 	 	 	 
	6. REPRESENTATIONS AND WARRANTIES
	 	 	64	 
	6.1 Organizational Authority
	 	 	65	 
	6.2 Due Authorization
	 	 	65	 
	6.3 Good Title; Leases; Assets; No Liens
	 	 	65	 
	6.4 Taxes
	 	 	67	 
	6.5 No Defaults
	 	 	67	 
	6.6 Enforceability of Agreement and Loan Documents
	 	 	67	 
	6.7 Compliance with Laws
	 	 	68	 
	6.8 Non-contravention
	 	 	68	 
	6.9 Litigation
	 	 	68	 
	6.10 Consents, Approvals and Filings, Etc.
	 	 	68	 
	6.11 Agreements Affecting Financial Condition
	 	 	69	 
	6.12 No Investment Company or Margin Stock
	 	 	69	 
	6.13 ERISA
	 	 	69	 
	6.14 Conditions Affecting Business or Properties
	 	 	70	 
	6.15 Environmental and Safety Matters
	 	 	70	 
	6.16 Subsidiaries
	 	 	70	 
	6.17 Management Agreements
	 	 	70	 
	6.18 Material Contracts
	 	 	70	 
	6.19 Franchises, Patents, Copyrights, Trade Names, Etc.
	 	 	71	 
	6.20 Capital Structure
	 	 	71	 
	6.21 Accuracy of Information
	 	 	71	 
	6.22 Solvency
	 	 	71	 
	6.23 Employee Matters
	 	 	72	 
	6.24 No Misrepresentation
	 	 	72	 
	6.25 Corporate Documents and Corporate Existence
	 	 	72	 
	6.26 Acquisition Documents
	 	 	72	 
	6.27 State and Federal Regulation
	 	 	73	 
	6.28 Supplemental Schedules
	 	 	74	 
	 
	 	 	 	 
	7. AFFIRMATIVE COVENANTS
	 	 	74	 
	7.1 Financial Statements
	 	 	74	 
	7.2 Certificates; Other Information
	 	 	75	 
	7.3 Payment of Obligations
	 	 	76	 
	7.4 Conduct of Business and Maintenance of Existence; Compliance with Laws
	 	 	76	 
	7.5 Maintenance of Property; Insurance
	 	 	77	 
	7.6 Inspection of Property; Books and Records, Discussions
	 	 	77	 
	7.7 Notices
	 	 	78	 
	7.8 Hazardous Material Laws
	 	 	79	 
	7.9 Financial Covenants
	 	 	80	 

-ii-

 

TABLE OF CONTENTS
(Continued)

	 	 	 	 	 
	 	 	Page
	7.10 Governmental and Other Approvals
	 	 	80	 
	7.11 Compliance with ERISA; ERISA Notices
	 	 	80	 
	7.12 Defense of Collateral
	 	 	81	 
	7.13 Future Subsidiaries; Additional Collateral
	 	 	81	 
	7.14 Accounts
	 	 	82	 
	7.15 Use of Proceeds
	 	 	83	 
	7.16 Hedging Transaction
	 	 	83	 
	7.17 Further Assurances and Information
	 	 	83	 
	7.18 Notices Relating to Acquisition
	 	 	83	 
	7.19 Required Life Insurance
	 	 	84	 
	7.20 Enforcement of Material Contracts
	 	 	84	 
	7.21 Projections
	 	 	84	 
	7.22 Bamagas
	 	 	84	 
	 
	 	 	 	 
	8. NEGATIVE COVENANTS
	 	 	84	 
	8.1 Limitation on Debt
	 	 	84	 
	8.2 Limitation on Liens
	 	 	85	 
	8.3 Acquisitions
	 	 	87	 
	8.4 Limitation on Mergers, Dissolution or Sale of Assets
	 	 	87	 
	8.5 Restricted Payments
	 	 	88	 
	8.6 Limitation on Investments, Loans and Advances
	 	 	88	 
	8.7 Transactions with Affiliates
	 	 	90	 
	8.8 Sale-Leaseback Transactions
	 	 	90	 
	8.9 Limitations on Other Restrictions
	 	 	90	 
	8.10 Reserved
	 	 	90	 
	8.11 Reserved
	 	 	90	 
	8.12 Modification of Certain Agreements
	 	 	90	 
	8.13 Management Fees
	 	 	90	 
	8.14 Fiscal Year
	 	 	90	 
	8.15 Acquisition Documents
	 	 	91	 
	8.16 State and FERC Regulatory Authority
	 	 	91	 
	 
	 	 	 	 
	9. DEFAULTS
	 	 	91	 
	9.1 Events of Default
	 	 	91	 
	9.2 Exercise of Remedies
	 	 	93	 
	9.3 Rights Cumulative
	 	 	94	 
	9.4 Waiver by the Borrowers of Certain Laws
	 	 	94	 
	9.5 Waiver of Defaults
	 	 	94	 
	9.6 Set Off
	 	 	94	 
	 
	 	 	 	 
	10. PAYMENTS, RECOVERIES AND COLLECTIONS
	 	 	95	 
	10.1 Payment Procedure
	 	 	95	 
	10.2 Application of Proceeds of Collateral
	 	 	96	 
	10.3 Pro-rata Recovery
	 	 	97	 

-iii-

 

TABLE OF CONTENTS
(Continued)

	 	 	 	 	 
	 	 	Page
	10.4 Treatment of a Defaulting Lender
	 	 	97	 
	 
	 	 	 	 
	11. CHANGES IN LAW OR CIRCUMSTANCES; INCREASED COSTS
	 	 	98	 
	11.1 Reimbursement of Prepayment Costs
	 	 	98	 
	11.2 Eurodollar Lending Office
	 	 	99	 
	11.3 Circumstances Affecting LIBOR Rate Availability
	 	 	99	 
	11.4 Laws Affecting LIBOR Rate Availability
	 	 	100	 
	11.5 Increased Cost of Advances Carried at the LIBOR Rate
	 	 	100	 
	11.6 Capital Adequacy and Other Increased Costs
	 	 	101	 
	11.7 Right of Lenders to Fund through Branches and Affiliates
	 	 	102	 
	11.8 Margin Adjustment
	 	 	102	 
	 
	 	 	 	 
	12. THE AGENT
	 	 	103	 
	12.1 Appointment of the Administrative Agent
	 	 	103	 
	12.2 Deposit Account with the Administrative Agent or any Lender
	 	 	103	 
	12.3 Scope of the Administrative Agent’s Duties
	 	 	104	 
	12.4 Successor Agent
	 	 	104	 
	12.5 Credit Decisions
	 	 	105	 
	12.6 Authority of the Administrative Agent to Enforce This Agreement
	 	 	105	 
	12.7 Indemnification of the Administrative Agent
	 	 	105	 
	12.8 Knowledge of Default
	 	 	106	 
	12.9 The Administrative Agent’s Authorization; Action by Lenders
	 	 	106	 
	12.10 Enforcement Actions by the Administrative Agent
	 	 	107	 
	12.11 Collateral Matters
	 	 	107	 
	12.12 The Administrative Agents in their Individual Capacities
	 	 	108	 
	12.13 The Administrative Agent’s Fees
	 	 	108	 
	12.14 Documentation Administrative Agent or other Titles
	 	 	108	 
	12.15 No Reliance on the Administrative Agent’s Customer Identification Program
	 	 	108	 
	 
	 	 	 	 
	13. MISCELLANEOUS
	 	 	109	 
	13.1 Accounting Principles
	 	 	109	 
	13.2 Consent to Jurisdiction
	 	 	109	 
	13.3 GOVERNING LAW
	 	 	110	 
	13.4 Interest
	 	 	110	 
	13.5 Closing Costs and Other Costs; Indemnification
	 	 	110	 
	13.6 Notices
	 	 	112	 
	13.7 Reserved
	 	 	113	 
	13.8 Successors and Assigns; Participations; Assignments
	 	 	113	 
	13.9 Counterparts
	 	 	116	 
	13.10 Amendment and Waiver
	 	 	116	 
	13.11 Confidentiality
	 	 	118	 
	13.12 Substitution or Removal of Lenders
	 	 	118	 
	13.13 Withholding Taxes
	 	 	120	 
	13.14 Taxes and Fees
	 	 	121	 

-iv-

 

TABLE OF CONTENTS
(Continued)

	 	 	 	 	 
	 	 	Page
	13.15 WAIVER OF JURY TRIAL
	 	 	121	 
	13.16 USA Patriot Act Notice
	 	 	122	 
	13.17 Complete Agreement; Conflicts
	 	 	122	 
	13.18 Severability
	 	 	122	 
	13.19 Table of Contents and Headings; Section References
	 	 	122	 
	13.20 Construction of Certain Provisions
	 	 	123	 
	13.21 Independence of Covenants
	 	 	123	 
	13.22 Electronic Transmissions
	 	 	123	 
	13.23 Advertisements
	 	 	123	 
	13.24 Reliance on and Survival of Provisions
	 	 	123	 
	13.25 Joint and Several Liability
	 	 	124	 
	13.26 Administrative Borrower as Agent for the Borrowers
	 	 	126	 

EXHIBITS

	 	 	 

	A

	 	Form of Request for Revolving Credit Advance
	B

	 	Form of Revolving Credit Note
	C

	 	Form of Swing Line Note
	D

	 	Form of Request for Swing Line Advance
	E

	 	Form of Notice of Letters of Credit
	F

	 	Form of Security Agreement
	G

	 	Form of Assignment Agreement
	H

	 	Form of Guaranty
	I

	 	Form of Covenant Compliance Report
	J

	 	Form of Term Loan Note
	K

	 	Form of Term Loan Rate Request
	L

	 	Form of Swing Line Participation Certificate
	M

	 	Form of Joinder to Credit Agreement

Schedules

	 	 	 

	1.1

	 	Pricing Matrix
	1.2

	 	Revolving Credit Percentages and Allocations
	5.1(c)(i)(D)

	 	Related Documentation
	5.1(c)(iii)

	 	Effective Financing Statements
	6.3(b)

	 	Pipeline Systems and other Real Property
	6.4

	 	Taxes
	6.7

	 	Compliance with Laws
	6.9

	 	Litigation
	6.10

	 	Consents, Approvals and Filings, Etc.
	6.13

	 	Pension Plans
	6.15

	 	Environmental and Safety Matters
	6.16

	 	Subsidiaries

-v-

 

TABLE OF CONTENTS
(Continued)

	 	 	 	 	 

	 	 	 	Page
	6.17

	 	Management and Employment Agreements	 	 
	6.18

	 	Material Contracts	 	 
	6.19

	 	Trade Names	 	 
	6.20

	 	Equity Interests	 	 
	6.23

	 	Union Agreements	 	 
	6.25

	 	Compliance Information	 	 
	6.27(a)

	 	Interstate Pipeline Complaints, Investigations and Proceedings	 	 
	6.27(b)

	 	Intrastate Pipeline Complaints, Investigations and Proceedings	 	 
	8.1

	 	Debt	 	 
	8.2

	 	Liens	 	 
	8.6

	 	Investments, Loans and Advances	 	 
	8.7

	 	Transactions with Affiliates	 	 
	13.6

	 	Notices	 	 

-vi-

 

REVOLVING CREDIT AND TERM LOAN AGREEMENT

     This Revolving Credit and Term Loan Agreement (“Agreement”) is made as of the
5th day of October, 2009, by and among the financial institutions from time to time
signatory hereto (individually a “Lender,” and any and all such financial institutions
collectively the “Lenders”), Comerica Bank, as administrative agent for the Lenders (in
such capacity, the “Administrative Agent”), Co-Lead Arranger and Syndication Administrative
Agent and Compass Bank, as Documentation Agent and Co-Lead Arranger, and American Midstream, LLC
(together with any and all other Persons executing a Joinder, collectively the “Borrowers”
and each, individually, a “Borrower”).

RECITALS

     A. The Borrowers have requested that the Lenders extend to them credit and letters of
credit on the terms and conditions set forth herein.

     B. The Lenders are prepared to extend such credit as aforesaid, but only on the terms
and conditions set forth in this Agreement.

     NOW THEREFORE, in consideration of the covenants contained herein, the Borrowers, the Lenders,
and the Administrative Agent agree as follows:

1. DEFINITIONS.

     1.1 Certain Defined Terms. For the purposes of this Agreement the following
terms will have the following meanings:

     “Account(s)” means any account or account receivable as defined under the UCC,
including without limitation, with respect to any Person, any right of such Person to payment for
goods sold or leased or for services rendered.

     “Account Control Agreement(s)” means those certain account control agreements, or
similar agreements that are delivered pursuant to Section 7.14 of this Agreement or
otherwise, as the same may be amended, restated or otherwise modified from time to time.

     “Acquisition” means the acquisition of certain Pipeline Systems, other Real Property
and other properties pursuant to the terms and conditions of the Acquisition Documents.

     “Acquisition Documents” means (a) the Purchase and Sale Agreement and (b) all bills of
sale, assignments, agreements, instruments and documents executed and delivered in connection
therewith, as amended.

     “Acquisition Properties” means the Equity Interests, the Pipeline Systems, other Real
Property and other properties acquired by the Administrative Borrower or any of its Subsidiaries
pursuant to the Acquisition Documents.

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     “Advance(s)” means, as the context may indicate, a borrowing requested by the
Administrative Borrower, and made by the Revolving Credit Lenders under Section 2.1 hereof,
the Term Loan Lenders under Section 4.1 hereof or the Swing Line Lender under Section
2.5 hereof, including without limitation any re-advance, refunding or conversion of such
borrowing pursuant to Section 2.3, 2.5 or 4.4 hereof, and any advance
deemed to have been made in respect of a Letter of Credit under Section 3.6(c) hereof, and
shall include, as applicable, a Eurodollar-based Advance, a Base Rate Advance and a Quoted Rate
Advance.

     “Administrative Agent” has the meaning set forth in the preamble, and include any
successor agents appointed in accordance with Section 12.4 hereof.

     “Administrative Agent’s Correspondent” means for Eurodollar-based Advances, the
Administrative Agent’s Grand Cayman Branch (or for the account of said branch office, at the
Administrative Agent’s main office in Detroit, Michigan, United States).

     “Administrative Borrower” means American Midstream, LLC, a Delaware limited liability
company, acting in its capacity as borrowing agent and attorney-in-fact for the Borrowers pursuant
to Section 13.26 hereof.

     “Advisory Services Agreement” means that certain Advisory Services Agreement dated
October 2, 2009, by and between the Administrative Borrower, American Infrastructure MLP
Management, L.L.C., a Delaware limited liability company, American Infrastructure MLP PE
Management, L.L.C., a Delaware limited liability company, and American Infrastructure MLP
Associates Management, L.L.C., a Delaware limited liability company.

     “Affected Lender” has the meaning set forth in Section 13.12 hereof.

     “Affiliate” means, with respect to any Person, any other Person directly or indirectly
controlling (including but not limited to all directors and officers of such Person), controlled
by, or under direct or indirect common control with such Person. A Person shall be deemed to
control another Person for the purposes of this definition if such Person possesses, directly or
indirectly, the power (i) to vote 50% or more of the Equity Interests having ordinary voting power
for the election of directors or managers of such other Person or (ii) to direct or cause the
direction of the management and policies of such other Person, whether through the ownership of
voting securities, by contract or otherwise. The term “Affiliate” does not include the
holders of Equity Interests in the Ultimate Parent.

     “Applicable Fee Percentage” means, as of any date of determination thereof, the
applicable percentage used to calculate certain of the fees due and payable hereunder, determined
by reference to the appropriate columns in the Pricing Matrix attached to this Agreement as
Schedule 1.1.

     “Applicable Insolvency Laws” has the meaning ascribed to such term in Section
13.25(g) hereof.

     “Applicable Interest Rate” means, (i) with respect to each Revolving Credit Advance
and Term Loan Advance, the Eurodollar-based Rate or the Base Rate, and (ii) with respect to each
Swing Line Advance, the Base Rate or, if made available to the Borrowers by the Swing Line

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Lender at its option, the Quoted Rate, in each case as selected by the Administrative Borrower
from time to time subject to the terms and conditions of this Agreement.

     “Applicable Margin” means, as of any date of determination thereof, the applicable
interest rate margin, determined by reference to the appropriate columns in the Pricing Matrix
attached to this Agreement as Schedule 1.1, such Applicable Margin to be adjusted solely as
specified in Section 11.8 hereof.

     “Asset Sale” means the sale, transfer or other disposition by any Credit Party of any
asset (other than the sale or transfer of less than one hundred percent (100%) of the Equity
Interests of any Subsidiary) to any Person (other than to a Borrower or a Guarantor), and other
than the Permitted Sale/Leaseback Transactions.

     “Assignment Agreement” means an Assignment Agreement substantially in the form of
Exhibit G hereto, as amended, restated or otherwise modified from time to time.

     “Authorized Signer” means each person who has been authorized by the Administrative
Borrower to execute and deliver any requests for Advances hereunder pursuant to a written
authorization delivered to the Administrative Agent and whose signature card or incumbency
certificate has been received by the Administrative Agent.

     “Bamagas” means Enbridge Pipelines (Bamagas Intrastate) L.L.C., a Delaware limited
liability company.

     “Bankruptcy Code” means Title 11 of the United States Code and the rules promulgated
thereunder.

     “Base Rate” means for any day, that rate of interest which is equal to the Applicable
Margin plus the greater of (i) the Daily Adjusting LIBOR Rate and (ii) the Prime-based Rate (being
that rate of interest which is equal to the greater of (A) the Prime Rate and (B) an interest rate
per annum equal to the Federal Funds Effective Rate in effect on such day, plus one percent
(1.0%)).

     “Base Rate Advance” means an Advance which bears interest at the Base Rate.

     “Borrower” and “Borrowers” have the meanings set forth in the preamble to this
Agreement.

     “Business Day” means any day other than a Saturday or a Sunday on which commercial
banks are open for domestic and international business (including dealings in foreign exchange) in
Detroit, Michigan and New York, New York, and in the case of a Business Day which relates to a
Eurodollar-based Advance, on which dealings are carried on in the London interbank Eurodollar
market.

     “Capitalized Lease” means, as applied to any Person, any lease of any property
(whether real, personal or mixed) with respect to which the discounted present value of the rental
obligations of such Person as lessee thereunder, in conformity with GAAP, is required to be
capitalized on the balance sheet of that Person.

-3-

 

     “Change of Control” means an event or series of events whereby (i) the Ultimate Parent
shall cease to control, directly or indirectly, more than 60% on a fully diluted basis of the
aggregate issued and outstanding voting stock (or comparable voting interests) of the Borrowers,
(ii) the Administrative Borrower shall cease to control, directly or indirectly, more than 100% on
a fully diluted basis of the aggregate issued and outstanding voting stock (or comparable voting
interests) of the each other Borrower, or (iii) the Ultimate Parent shall fail to be able, either
jointly or severally, to elect a controlling majority of the Board of Managers of the general
partner of the sole member of the Administrative Borrower.

     “CIP Regulations” has the meaning ascribed to such term in Section 12.15
hereof.

     “Closing Date” means the date of the execution of this Agreement by the Lenders, the
Administrative Agent and the Administrative Borrower.

     “Collateral” means all property, Equity Interests and rights in which a security
interest, mortgage, lien or other encumbrance for the benefit of the Lenders is or has been granted
or arises or has arisen, under or in connection with this Agreement, the other Loan Documents, or
otherwise to secure the Indebtedness.

     “Collateral Assignment” means an assignment in form and substance satisfactory to the
Administrative Agent and approved by the applicable insurance company, pursuant to which one or
more of the Borrowers assigns to the Administrative Agent, for the pro rata benefit of the Lenders,
its interest in the key man life insurance policy obtained pursuant to Section 7.19 hereof.

     “Collateral Documents” means the Security Agreement, the Pledge Agreements, the
Mortgages, the Account Control Agreements, the Collateral Assignment and all other security
documents (and any joinders thereto) executed by any Credit Party in favor of the Administrative
Agent on or after the Effective Date, in connection with any of the foregoing collateral documents,
in each case, as such collateral documents may be amended or otherwise modified from time to time.

     “Comerica Bank” means Comerica Bank and its successors or assigns.

     “Consent” has the meaning ascribed to such term in Section 5.1(a) hereof.

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

     “Consolidated Amortization Expense” means, for any Test Period, the amortization
expense of the Administrative Borrower and its Subsidiaries for such Test Period determined on a
consolidated basis in accordance with GAAP.

-4-

 

     “Consolidated Depreciation Expense” means, for any Test Period, the depreciation
expense of the Administrative Borrower and its Subsidiaries for such Test Period determined on a
consolidated basis in accordance with GAAP.

     “Consolidated EBITDA” means, for any Test Period, Consolidated Net Income for such
Test Period, adjusted by (x) adding thereto, in each case only to the extent (and in the same
proportion) deducted in determining Consolidated Net Income:

     (a) Consolidated Interest Expense for such Test Period,

     (b) Consolidated Tax Expense for such Test Period,

     (c) Consolidated Depreciation Expense for such Test Period,

     (d) Consolidated Amortization Expense for such Test Period,

     (e) (i) expenses related to any initial public offering with respect to the Parent and
other extraordinary expenses, (ii) audit expenses for the Fiscal Years ended December 31, 2007, and
December 31, 2008, and any costs associated with the opening balance sheet valuation of the
Administrative Borrower and its Subsidiaries, (iii) Fees, (iv) transaction-related expenses with
respect to the Credit Agreement and the Acquisition and (v) the premium paid for the first year of
insurance for environmental liability being purchased on or about the Effective Date,

     (f) subject to the approval of the Administrative Agent in its reasonable discretion,
the aggregate amount of all other non-cash charges and “other expenses” (determined in accordance
with GAAP) reducing Consolidated Net Income (excluding any non-cash charge that results in an
accrual of a reserve for cash charges in any future period) for such Test Period, and

(y) subject to the approval of the Administrative Agent in its sole discretion, subtracting
therefrom the aggregate amount of all non-cash items and “other income” (determined in accordance
with GAAP) increasing Consolidated Net Income (other than the accrual of revenue or recording of
receivables in the ordinary course of business) for such Test Period.

     “Consolidated Interest Expense” means, for any Test Period, the total consolidated
interest expense of the Administrative Borrower and its Subsidiaries for such Test Period net of
gross interest income of the Administrative Borrower and its Subsidiaries, in each case determined
on a consolidated basis in accordance with GAAP plus (without duplication) to the extent not
already included in such total consolidated interest expense:

     (a) imputed interest on Debt attributable to Capitalized Leases and sale and
leaseback transactions of the Administrative Borrower or any of its Subsidiaries for such Test
Period;

     (b) commissions, discounts and other fees and charges owed by the Administrative
Borrower or any of its Subsidiaries with respect to letters of credit securing financial
obligations and bankers’ acceptances for such Test Period;

-5-

 

     (c) amortization of debt issuance costs, debt discount or premium and other
financing fees and expenses, but not including any amendment fees less than $250,000, incurred
by the Administrative Borrower or any of its Subsidiaries for such Test Period; and

     (d) the interest portion of any deferred payment obligations of the Administrative
Borrower or any of its Subsidiaries for such Test Period.

     “Consolidated Net Income” means, for any Test Period, the consolidated net income of
the Administrative Borrower and its Subsidiaries (excluding extraordinary gains and extraordinary
losses) for such Test Period determined in accordance with GAAP.

     “Consolidated Tax Expense” means, for any Test Period, the tax expense of the
Administrative Borrower and its Subsidiaries, for such Test Period, determined on a consolidated
basis in accordance with GAAP.

     “Contractual Obligation” means, as to any Person, any provision of any security issued
by such Person or of any material agreement, instrument or other undertaking to which such Person
is a party or by which it or any of its property is bound.

     “Covenant Compliance Report” means the report to be furnished by the Administrative
Borrower to the Administrative Agent pursuant to Section 7.2(a) hereof, substantially in
the form attached hereto as Exhibit I and certified by a Responsible Officer of the
Administrative Borrower, in which report the Administrative Borrower shall set forth the
information specified therein and which shall include a statement of then applicable level for the
Applicable Margin and Applicable Fee Percentages as specified in Schedule 1.1 attached to
this Agreement.

     “Credit Parties” means the Borrowers and the Guarantors and “Credit Party”
means any one of them, as the context indicates or otherwise requires.

     “Daily Adjusting LIBOR Rate” means for any day a per annum interest rate which is
equal to the sum of one percent (1%) plus the quotient of the following:

     (a) the LIBOR Rate;

divided by

     (b) a percentage (expressed as a decimal) equal to 1.00 minus the maximum rate on
such date at which Bank is required to maintain reserves on “Euro-currency
Liabilities” as defined in and pursuant to Regulation D of the Board of Governors of the
Federal Reserve System or, if such regulation or definition is modified, and as long as Bank
is required to maintain reserves against a category of liabilities which includes Eurodollar
deposits or includes a category of assets which includes Eurodollar loans, the rate at which
such reserves are required to be maintained on such category.

     “Debt” means as to any Person, without duplication (a) all Funded Debt of a Person,
(b) all Guarantee Obligations of such Person, (c) all obligations of such Person under conditional
sale or other title retention agreements relating to property or assets purchased by such Person,

-6-

 

(d) all indebtedness of such Person arising in connection with and due and payable under any
Hedging Transaction entered into by such Person, (e) all recourse Debt of any partnership of which
such Person is the general partner, and (f) any Off Balance Sheet Liabilities. The term
“Debt” does not include accounts payable and other current liabilities associated with the
purchase of Hydrocarbons, capital expenditures and parts and supplies on customary terms in the
trade in the ordinary course of such Person’s business.

     “Deeds” has the meaning ascribed to such term in Section 6.3(e) hereof.

     “Default” means any event that with the giving of notice or the passage of time, or
both, would constitute an Event of Default under this Agreement.

     “Defaulting Lender” shall mean a Lender which, in the reasonable determination of the
Administrative Agent (a) has failed to fund its Percentage of any Advance or to purchase
participations in a Swing Line Advance or any Reimbursement Obligations as required under this
Agreement, unless such Lender is disputing its funding obligation in good faith, (b) has otherwise
failed to pay to the Administrative Agent or any other Lender any other amount required to be paid
by it under the terms of this Agreement or any other Loan Document, unless such Lender is disputing
such obligation to pay any such amount in good faith, (c) has been, or whose holding company has
been, determined to be insolvent or that has become subject to a bankruptcy, receivership or other
similar proceeding, or (d) has had a substantial portion of its assets or management (or a
substantial portion of the assets or management of its holding company) taken over by any
Governmental Authority or any Governmental Authority has restricted its ability to act under this
Agreement, including its ability to enter into amendments, waivers or modifications of this
Agreement or any of the other Loan Documents (provided that the exercise of the customary rights of
a shareholder by a Governmental Authority which owns shares in such Lender (or its holding company)
shall not be covered by this clause (d)), provided, however, in all cases
that a Defaulting Lender shall no longer be deemed a Defaulting Lender when (i) the Defaulting
Lender shall have cured the conditions which shall have caused it to be a Defaulting Lender
hereunder and (ii) the Administrative Agent has agreed that such Lender shall no longer be deemed a
Defaulting Lender hereunder.

     “Defaulting Lender’s Unfunded Portion” shall mean such Defaulting Lender’s Revolving
Credit Percentage of the Revolving Credit Aggregate Commitment minus the sum of (a) the aggregate
principal amount of all Revolving Credit Advances funded by the Defaulting Lender under the
Revolving Credit, plus (b) such Defaulting Lender’s Revolving Credit Percentage of the aggregate
outstanding principal amount of all Swing Line Advances and Letter of Credit Obligations.

     “Distribution” is defined in Section 8.5 hereof.

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

     “Domestic Subsidiary” means any Subsidiary of any Borrower incorporated or organized
under the laws of the United States of America, or any state or other political subdivision thereof
or which is considered to be a “disregarded entity” for United States federal income tax
purposes and which is not a “controlled foreign corporation” as defined under Section 957
of the Internal

-7-

 

Revenue Code, in each case provided such Subsidiary is owned by the applicable Borrower or a
Domestic Subsidiary of such Borrower, and “Domestic Subsidiaries” means any or all of them.

     “Easements” means, collectively, all of the right-of-way agreements, easements,
surface use agreements, servitudes, permits, licenses and other agreements relating to any Pipeline
Assets now held or hereafter acquired by the Borrowers or any of their Subsidiaries.

     “Effective Date” means the date on which all the conditions precedent set forth in
Sections 5.1 and 5.2 have been satisfied.

     “Electronic Transmission” means each document, instruction, authorization, file,
information and any other communication transmitted, posted or otherwise made or communicated by
e-mail or E-Fax, or otherwise to or from an E-System or other equivalent service.

     “Eligible Assignee” shall mean (a) a Lender; (b) an Affiliate of a Lender; (c) any
Person (other than a natural person) that is or will be engaged in the business of making,
purchasing, holding or otherwise investing in commercial loans or similar extensions of credit in
the ordinary course of its business, provided that such Person is administered or managed by a
Lender, an Affiliate of a Lender or an entity or Affiliate of an entity that administers or manages
a Lender; or (d) any other Person (other than a natural person) approved by the (i) Administrative
Agent (and in the case of an assignment of a commitment under the Revolving Credit, the Issuing
Lender and Swing Line Lender), and (ii) unless a Event of Default has occurred and is continuing,
the Administrative Borrower (each such approval not to be unreasonably withheld or delayed);
provided that (x) notwithstanding the foregoing, “Eligible Assignee” shall not include any
Borrower, or any Affiliate or Subsidiary of any Borrower; (y) notwithstanding clause
(d)(ii) of this definition, no assignment shall be made to an entity which is a competitor of
any Credit Party without the consent of the Administrative Borrower, which consent may be withheld
in its sole discretion; and (z) and no assignment shall be made to an Impaired Lender without the
consent of the Administrative Agent, and in the case of an assignment of a commitment under the
Revolving Credit, the Issuing Lender and the Swing Line Lender and, to the extent no Event of
Default is continuing, the Administrative Borrower.

     “Energy Policy Act” means the Energy Policy Act of 1992, Pub. L. No. 102-486, 106
Stat. 2776 (codified as amended in scattered sections of 15, 16, 25, 20 and 42 U.S.C.).

     “Equity Interest” means (i) in the case of any corporation, all capital stock and any
securities exchangeable for or convertible into capital stock, (ii) in the case of an association
or business entity, any and all shares, interests, participations, rights or other equivalents of
corporate stock (however designated) in or to such association or entity, (iii) in the case of a
partnership or limited liability company, partnership or membership interests (whether general or
limited) and (iv) any other interest or participation that confers on a Person the right to receive
a share of the profits and losses of, or distribution of assets of, the issuing Person, and
including, in all of the foregoing cases described in clauses (i), (ii),
(iii) or (iv), any warrants, rights or other options to purchase or otherwise
acquire any of the interests described in any of the foregoing cases.

-8-

 

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, or any
successor act or code and the regulations in effect from time to time thereunder.

     “E-System” means any electronic system and any other Internet or extranet-based site,
whether such electronic system is owned, operated or hosted by the Administrative Agent, any of its
Affiliates or any other Person, providing for access to data protected by passcodes or other
security system.

     “Eurodollar-based Advance” means any Advance which bears interest at the
Eurodollar-based Rate.

     “Eurodollar-based Rate” means a per annum interest rate which is equal to the sum of
(a) the Applicable Margin, plus (b) the greater of (i) two percent (2.00%) per annum and (ii) the
quotient of:

     (A) the LIBOR Rate, divided by

     (B) a percentage equal to 100% minus the maximum rate on such date at which
the Administrative Agent is required to maintain reserves on ‘Eurocurrency Liabilities’
as defined in and pursuant to Regulation D of the Board of Governors of the Federal
Reserve System or, if such regulation or definition is modified, and as long as the
Administrative Agent is required to maintain reserves against a category of liabilities
which includes Eurocurrency deposits or includes a category of assets which includes
Eurocurrency loans, the rate at which such reserves are required to be maintained on
such category,

such sum to be rounded upward, if necessary, in the discretion of the Administrative Agent, to the
nearest whole multiple of 1/100th of 1%.

     “Eurodollar-Interest Period” means, for any Eurodollar-based Advance, an Interest
Period of one, two or three months (or any shorter or longer periods agreed to in advance by the
Administrative Borrower, the Administrative Agent and the Lenders) as selected by the
Administrative Borrower, for such Eurodollar-based Advance pursuant to Section 2.3 or
4.4 hereof, as the case may be.

     “Eurodollar Lending Office” means, (a) with respect to the Administrative Agent, the
Administrative Agent’s office located at its Grand Caymans Branch or such other branch of the
Administrative Agent, domestic or foreign, as it may hereafter designate as its Eurodollar Lending
Office by written notice to the Administrative Borrower and the Lenders and (b) as to each of the
Lenders, its office, branch or affiliate located at its address set forth on the signature pages
hereof (or identified thereon as its Eurodollar Lending Office), or at such other office, branch or
affiliate of such Lender as it may hereafter designate as its Eurodollar Lending Office by written
notice to the Administrative Borrower and the Administrative Agent.

     “Event of Default” means each of the Events of Default specified in Section
9.1 hereof.

     “Federal Funds Effective Rate” means, for any day, a fluctuating interest rate per
annum equal to the weighted average of the rates on overnight Federal funds transactions with
members

-9-

 

of the Federal Reserve System arranged by Federal funds brokers, as published for such day
(or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve
Bank of New York, or, if such rate is not so published for any day which is a Business Day, the
average of the quotations for such day on such transactions received by the Administrative Agent
from three Federal funds brokers of recognized standing selected by the Administrative Agent, all
as conclusively determined by the Administrative Agent, such sum to be rounded upward, if
necessary, in the discretion of the Administrative Agent, to the nearest whole multiple of 1/100th
of 1%.

     “Fee Letter” means the fee letter by and between American Infrastructure MLP Funds and
Comerica Bank dated as of August 21, 2009, and executed by American Infrastructure MLP Funds on
August 24, 2009, relating to the Indebtedness hereunder, as amended, restated, replaced or
otherwise modified from time to time.

     “Fees” means the Revolving Credit Facility Fee, the Term Loan Facility Fee, the Letter
of Credit Fees and the other fees and charges (including any agency fees) payable by the Borrowers
to the Lenders, the Issuing Lender or the Administrative Agent hereunder or under the Fee Letter.

     “FERC” means the Federal Energy Regulatory Commission or any of its successors.

     “Final Maturity Date” means the last to occur of (i) the Revolving Credit Maturity
Date or (ii) the Term Loan Maturity Date.

     “Fiscal Year” means the twelve-month period ending on each December 31.

     “Foreign Subsidiary” means any Subsidiary, other than a Domestic Subsidiary, and
“Foreign Subsidiaries” means any or all of them.

     “Funded Debt” of any Person means, without duplication, (a) all indebtedness of such
Person for borrowed money or for the deferred purchase price of property or services as of such
date (other than operating leases and trade liabilities incurred in the ordinary course of business
and payable in accordance with customary practices) or which is evidenced by a note, bond,
debenture or similar instrument, (b) the principal component of all obligations of such Person
under Capitalized Leases, (c) all reimbursement obligations (actual, contingent or otherwise) of
such Person in respect of letters of credit, bankers acceptances or similar obligations issued or
created for the account of such Person, (d) all liabilities of the type described in (a),
(b) and (c) above that are secured by any Liens on any property owned by such
Person as of such date even though such Person has not assumed or otherwise become liable for the
payment thereof, the amount of which is determined in accordance with GAAP; provided,
however, that so long as such Person is not personally liable for any such liability, the
amount of such liability shall be deemed to be the lesser of the fair market value at such date of
the property subject to the Lien securing such liability and the amount of the liability secured,
and (e) all Guarantee Obligations in respect of any liability which constitutes liabilities of the
types described in clauses (a) through (d) above; provided,
however, that Funded Debt shall not include any indebtedness under any Hedging Transaction
prior to the occurrence of a termination event with respect thereto.

-10-

 

     “GAAP” means, as of any applicable date of determination, generally accepted
accounting principles in the United States of America, as applicable on such date, consistently
applied, as in effect from time to time, except as expressly provided in Section 13.1
hereof.

     “Governmental Authority” means the United States, each state, each county, each city,
and each other political subdivision in which all or any portion of the Collateral is located, and
each other political subdivision, agency, or instrumentality exercising jurisdiction over the
Administrative Agent, the Lenders, any Credit Party, any of the Indebtedness or any Collateral.

     “Governmental Obligations” means noncallable direct general obligations of the United
States of America or obligations the payment of principal of and interest on which is
unconditionally guaranteed by the United States of America.

     “Guarantee Obligation” means as to any Person (the “guaranteeing person”) any
obligation of the guaranteeing Person in respect of any obligation of another Person (the
“primary obligor”) (including, without limitation, any bank under any letter of credit),
the creation of which was induced by a reimbursement agreement, guaranty agreement, keepwell
agreement, purchase agreement, counterindemnity or similar obligation issued by the guaranteeing
person, in either case guaranteeing or in effect guaranteeing any Debt, leases, dividends or other
obligations (the “primary obligations”) of the primary obligor in any manner, whether
directly or indirectly, including, without limitation, any obligation of the guaranteeing person,
whether or not contingent, (i) to purchase any such primary obligation or any property constituting
direct or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or
payment of any such primary obligation or (2) to maintain working capital or equity capital of the
primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to
purchase property, securities or services primarily for the purpose of assuring the owner of any
such primary obligation of the ability of the primary obligor to make payment of such primary
obligation or (iv) otherwise to assure or hold harmless the owner of any such primary obligation
against loss in respect thereof; provided, however, that the term Guarantee
Obligation shall not include endorsements of instruments for deposit or collection in the ordinary
course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be
deemed to be the lower of (a) an amount equal to the stated or determinable amount of the primary
obligation in respect of which such Guarantee Obligation is made and (b) the maximum amount for
which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such
Guarantee Obligation, unless such primary obligation and the maximum amount for which such
guaranteeing person may be liable are not stated or determinable, in which case the amount of such
Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability
in respect thereof as determined by the applicable Person in good faith.

     “Guarantor(s)” means the Parent, the Parent General Partner and each Domestic
Subsidiary of each Borrower which has executed and delivered to the Administrative Agent a Guaranty
(or a joinder to a Guaranty), and a Security Agreement (or a joinder to the Security Agreement).

     “Guaranty” means, collectively, the guaranty agreements executed and delivered by the
applicable Guarantors on the Effective Date pursuant to Section 5.1 hereof and those
guaranty

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agreements executed and delivered from time to time after the Effective Date (whether by
execution of joinder agreements or otherwise) pursuant to Section 7.13 hereof or otherwise,
in each case substantially in the form attached hereto as Exhibit H, as amended, restated
or otherwise modified from time to time.

     “Hazardous Material” means any hazardous or toxic waste, substance or material defined
or regulated as such in or for purposes of the Hazardous Material Laws.

     “Hazardous Material Law(s)” means all laws, codes, ordinances, rules, regulations and
other governmental restrictions and requirements issued by any federal, state, local or other
Governmental Authority or quasi-Governmental Authority or body (or any agency, instrumentality or
political subdivision thereof) pertaining to any substance or material which is regulated for
reasons of health, safety or the environment and which is present or alleged to be present on or
about or used in any facilities owned, leased or operated by any Credit Party, or any portion
thereof including, without limitation, those relating to soil, surface, subsurface ground water
conditions and the condition of the indoor and outdoor ambient air; any so-called
“superfund” or “superlien” law; and any other United States federal, state or local
statute, law, ordinance, code, rule, regulation, order or decree regulating, relating to, or
imposing liability or standards of conduct concerning, any Hazardous Material, as now or at any
time during the term of the Agreement in effect.

     “Hedging Agreement” means any agreement relating to a Hedging Transaction entered into
between any Borrower and any Lender or an Affiliate of a Lender.

     “Hedging Transaction” means each interest rate swap transaction, basis swap
transaction, forward rate transaction, equity transaction, equity index transaction, foreign
exchange transaction, cap transaction and floor transaction, and a swap transaction, collar
transaction, cap transaction or other derivative transaction which is intended to reduce or
eliminate the risk of fluctuations in the price of Hydrocarbons (including any option with respect
to any of these transactions and any combination of any of the foregoing).

     “Hereof”, “hereto”, “hereunder” and similar terms shall refer to this
Agreement and not to any particular paragraph or provision of this Agreement.

     “Hydrocarbons” means oil, gas, coal seam gas, casinghead gas, drip gasoline, natural
gasoline, condensate, distillate and all other liquid and gaseous hydrocarbons.

     “Impaired Lender” means a Defaulting Lender and any other Lender (a) which the
Administrative Agent, the Issuing Lender or Swing Line Lender believes, in good faith, has
defaulted (and continues to be in default) in fulfilling its obligations under any other syndicated
credit facilities or as a participant in any other credit facility and such Lender is not in good
faith disputing that such a failure has occurred, or (b) which, if carrying an investment grade
rating of at least BBB- from S&P or Baa3 from Moody’s at the time it became a party to this
Agreement, no longer carries a rating of at least BBB- from S&P or Baa3 from Moody’s,
provided, however, in all cases that an Impaired Lender shall no longer be deemed
an Impaired Lender when (i) the Impaired Lender shall have cured the conditions which shall have
caused it to be an Impaired

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Lender hereunder and (ii) the Administrative Agent has agreed that such Lender shall no longer
be deemed an Impaired Lender hereunder.

     “Income Taxes” means for any period the aggregate amount of taxes based on income or
profits for such period with respect to the operations of the Administrative Borrower and its
Subsidiaries (including, without limitation, corporate franchise, capital stock, net worth and
value-added taxes assessed by state and local governments) determined in accordance with GAAP on a
Consolidated basis (to the extent such income and profits were included in computing Consolidated
Net Income).

     “Increased Costs” has the meaning ascribed to such term in Section 11.6(a)
hereof.

     “Indebtedness” means all indebtedness and liabilities (including without limitation
principal, interest (including without limitation interest accruing at the then applicable rate
provided in this Agreement or any other applicable Loan Document after an applicable maturity date
and interest accruing at the then applicable rate provided in this Agreement or any other
applicable Loan Document after the filing of any petition in bankruptcy, or the commencement of any
insolvency, reorganization or like proceeding, relating to the Credit Parties whether or not a
claim for post-filing or post-petition interest is allowed in such proceeding), fees, expenses and
other charges) arising under this Agreement or any of the other Loan Documents, whether direct or
indirect, absolute or contingent, of any Credit Party to any of the Lenders or Affiliates thereof
or to the Administrative Agent, in any manner and at any time, whether arising under this
Agreement, the Guaranty or any of the other Loan Documents (including without limitation, payment
obligations under Hedging Transactions evidenced by Hedging Agreements), due or hereafter to become
due, now owing or that may hereafter be incurred by any Credit Party to any of the Lenders or
Affiliates thereof or to the Administrative Agent, and which shall be deemed to include protective
advances made by the Administrative Agent with respect to the Collateral under or pursuant to the
terms of any Loan Document and any liabilities of any Credit Party to the Administrative Agent or
any Lender arising in connection with any Lender Products, in each case whether or not reduced to
judgment, with interest according to the rates and terms specified, and any and all consolidations,
amendments, renewals, replacements, substitutions or extensions of any of the foregoing;
provided, however, that for purposes of calculating the Indebtedness outstanding
under this Agreement or any of the other Loan Documents, the direct and indirect and absolute and
contingent obligations of the Credit Parties (whether direct or contingent) shall be determined
without duplication.

     “Initial Reinvestment Period” means a ninety (90) day period beginning on the date of
the applicable Reinvestment Certificate during which Reinvestment must be commenced under
Section 4.8(a) of this Agreement.

     “Intercompany Note” means any promissory note issued or to be issued by a Borrower or
any of its Subsidiaries to evidence an intercompany loan in form and substance satisfactory to the
Administrative Agent.

     “Interest Coverage Ratio” means, for any Test Period, the ratio of (a) Consolidated
EBITDA for such Test Period to (b) Consolidated Interest Expense for such Test Period.

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     “Interest Period” means (a) with respect to a Eurodollar-based Advance, a
Eurodollar-Interest Period, commencing on the day a Eurodollar-based Advance is made, or on the
effective date of an election of the Eurodollar-based Rate made under Section 2.3 or
4.4 hereof, and (b) with respect to a Swing Line Advance carried at the Quoted Rate, an
interest period of 30 days (or any lesser number of days agreed to in advance by the Administrative
Borrower, the Administrative Agent and the Swing Line Lender); provided, however,
that (i) any Interest Period which would otherwise end on a day which is not a Business Day shall
end on the next succeeding Business Day, except that as to an Interest Period in respect of a
Eurodollar-based Advance, if the next succeeding Business Day falls in another calendar month, such
Interest Period shall end on the next preceding Business Day, (ii) when an Interest Period in
respect of a Eurodollar-based Advance begins on a day which has no numerically corresponding day in
the calendar month during which such Interest Period is to end, it shall end on the last Business
Day of such calendar month, and (iii) no Interest Period in respect of any Advance shall extend
beyond the Revolving Credit Maturity Date or the Term Loan Maturity Date, as applicable.

     “Internal Revenue Code” means the Internal Revenue Code of 1986 of the United States
of America, as amended from time to time, and the regulations promulgated thereunder.

     “Interstate Commerce Act” means the body of law commonly known as the Interstate
Commerce Act, Chapter 104, 24 Stat. 379 (codified as amended in scattered sections of 49 U.S.C.)

     “Interstate Pipelines” has the meaning ascribed to such term in Section
6.27(a) hereof.

     “Intrastate Pipelines” has the meaning ascribed to such term in Section
6.27(b) hereof.

     “Inventory” means any inventory as defined under the UCC.

     “Investment” means, when used with respect to any Person, (a) any loan, investment or
advance made by such Person to any other Person (including, without limitation, any Guarantee
Obligation) in respect of any Equity Interest, Debt, obligation or liability of such other Person
and (b) any other investment made by such Person (however acquired) in Equity Interests in any
other Person, including, without limitation, any investment made in exchange for the issuance of
Equity Interest of such Person and any investment made as a capital contribution to such other
Person.

     “Issuing Lender” means Comerica Bank in its capacity as issuer of one or more Letters
of Credit hereunder, or its successor designated by the Administrative Borrower and the Revolving
Credit Lenders.

     “Issuing Office” means such office as Issuing Lender shall designate as its Issuing
Office.

     “Joinder” means a joinder agreement substantially in the form of Exhibit M
hereto, as amended, restated or otherwise modified from time to time.

     “L/C Indemnified Amounts” has the meaning ascribed to such term in Section 3.9
hereof.

     “L/C Indemnified Person” has the meaning ascribed to such term in Section 3.9
hereof.

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     “Lender Products” means any one or more of the following types of services or
facilities extended to the Credit Parties by any Lender: (i) credit cards, (ii) credit card
processing services, (iii) debit cards, (iv) purchase cards, (v) Automated Clearing House (ACH)
transactions, (vi) cash management, including controlled disbursement services, and (vii)
establishing and maintaining deposit accounts.

     “Lenders” has the meaning set forth in the preamble, and shall include the Revolving
Credit Lenders, the Term Loan Lenders, the Swing Line Lender and any assignee which becomes a
Lender pursuant to Section 13.8 hereof.

     “Letter of Credit Agreement” means, collectively, the letter of credit application and
related documentation executed and/or delivered by the Administrative Borrower in respect of each
Letter of Credit, in each case satisfactory to the Issuing Lender, as amended, restated or
otherwise modified from time to time.

     “Letter of Credit Documents” has the meaning ascribed to such term in Section
3.7(a) hereof.

     “Letter of Credit Fees” means the fees payable in connection with Letters of Credit
pursuant to Section 3.4(a) and (b) hereof.

     “Letter of Credit Maximum Amount” means Ten Million Dollars ($10,000,000).

     “Letter of Credit Obligations” means at any date of determination, the sum of (a) the
aggregate undrawn amount of all Letters of Credit then outstanding, and (b) the aggregate amount of
Reimbursement Obligations which remain unpaid as of such date.

     “Letter of Credit Payment” means any amount paid or required to be paid by the Issuing
Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other
demand for payment under any Letter of Credit.

     “Letter(s) of Credit” means any standby letters of credit issued by Issuing Lender at
the request of or for the account of one or more of the Borrowers pursuant to Article 3
hereof.

     “LIBOR Rate” means,

     (a) with respect the principal amount of any Eurodollar-based Advance outstanding
hereunder, the per annum rate of interest determined on the basis of the rate for deposits in
United States Dollars for a period equal to the relevant Eurodollar-Interest Period,
commencing on the first day of such Eurodollar-Interest Period, appearing on Page BBAM of the
Bloomberg Financial Markets Information Service as of 11:00 a.m. (Detroit, Michigan time) (or
soon thereafter as practical), two (2) Business Days prior to the first day of such
Eurodollar-Interest Period. In the event that such rate does not appear on Page BBAM of the
Bloomberg Financial Markets Information Service (or otherwise on such Service), the “LIBOR
Rate” shall be determined by reference to such other publicly available service for
displaying LIBOR rates as may be agreed upon by the Administrative Agent and the
Administrative Borrower, or, in the absence of such agreement, the “LIBOR Rate” shall,
instead, be the per annum rate equal to the average

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(rounded upward, if necessary, to the nearest one-sixteenth of one percent (1/16%)) of
the rate at which the Administrative Agent is offered dollar deposits at or about 11:00 a.m.
(Detroit, Michigan time) (or soon thereafter as practical), two (2) Business Days prior to the
first day of such Eurodollar-Interest Period in the interbank LIBOR market in an amount
comparable to the principal amount of the relevant Eurodollar-based Advance which is to bear
interest at such Eurodollar-based Rate and for a period equal to the relevant
Eurodollar-Interest Period; and

     (b) with respect to the principal amount of any Base Rate Advance carried at the
Daily Adjusting LIBOR Rate outstanding hereunder, the per annum rate of interest determined on
the basis of the rate for deposits in United States Dollars for a period equal to one (1)
month appearing on Page BBAM of the Bloomberg Financial Markets Information Service as of
11:00 a.m. (Detroit, Michigan time) (or soon thereafter as practical) on such day, or if such
day is not a Business Day, on the immediately preceding Business Day. In the event that such
rate does not appear on Page BBAM of the Bloomberg Financial Markets Information Service (or
otherwise on such Service), the “LIBOR Rate” shall be determined by reference to such
other publicly available service for displaying Eurodollar rates as may be agreed upon by the
Administrative Agent and the Administrative Borrower, or, in the absence of such agreement,
the “LIBOR Rate” shall, instead, be the per annum rate equal to the average of the
rate at which the Administrative Agent is offered dollar deposits at or about 11:00 a.m.
(Detroit, Michigan time) (or soon thereafter as practical) on such day in the interbank
Eurodollar market in an amount comparable to the principal amount of the Indebtedness
hereunder which is to bear interest at such “LIBOR Rate” and for a period equal to one
(1) month.

     “Lien” means any security interest in or lien on or against any property arising from
any pledge, assignment, hypothecation, mortgage, security interest, deposit arrangement, trust
receipt, conditional sale or title retaining contract, sale and leaseback transaction, Capitalized
Lease, consignment or bailment for security, or any other type of lien, charge, encumbrance, title
exception, preferential or priority arrangement affecting property (including with respect to
stock, any stockholder agreements, voting rights agreements, buy-back agreements and all similar
arrangements), whether based on common law or statute.

     “Loan Documents” means, collectively, this Agreement, the Notes (if issued), the
Letters of Credit, the Guaranty, the Collateral Documents and each Hedging Agreement, as such
documents may be amended, restated or otherwise modified from time to time.

     “Majority Lenders” means at any time (a) so long as the Revolving Credit Aggregate
Commitment has not been terminated, Lenders holding more than 50.0% of the sum of (i) the Revolving
Credit Aggregate Commitment plus (ii) the aggregate principal amount of Indebtedness then
outstanding under the Term Loan and (b) if the Revolving Credit Aggregate Commitment has been
terminated (whether by maturity, acceleration or otherwise), Lenders holding more than 50.0% of the
aggregate principal amount then outstanding under the Revolving Credit and the Term Loan;
provided that, for purposes of determining Majority Lenders hereunder, the Letter
of Credit Obligations and principal amount outstanding under the Swing Line shall be allocated
among the Revolving Credit Lenders based on their respective Revolving Credit Percentages;
provided further that, so long as there are fewer than three

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Lenders, considering any Lender and its Affiliates as a single Lender, “Majority
Lenders” shall mean all Lenders (excluding any Defaulting Lender).

     “Majority Revolving Credit Lenders” means at any time (a) so long as the Revolving
Credit Aggregate Commitment has not been terminated, the Revolving Credit Lenders holding more than
50.0% of the Revolving Credit Aggregate Commitment and (b) if the Revolving Credit Aggregate
Commitment has been terminated (whether by maturity, acceleration or otherwise), Revolving Credit
Lenders holding more than 50.0% of the aggregate principal amount then outstanding under the
Revolving Credit; provided that, for purposes of determining Majority Revolving
Credit Lenders hereunder, the Letter of Credit Obligations and principal amount outstanding under
the Swing Line shall be allocated among the Revolving Credit Lenders based on their respective
Revolving Credit Percentages; provided further that, so long as there are
fewer than three Revolving Credit Lenders, considering any Revolving Credit Lender and its
Affiliates as a single Revolving Credit Lender, “Majority Revolving Credit Lenders” shall
mean all Revolving Credit Lenders.

     “Majority Term Loan Lenders” means at any time with respect to the Term Loan, the Term
Loan Lenders holding more than 50.0% of the aggregate principal amount then outstanding under the
Term Loan; provided that, so long as there are fewer than three Term Loan Lenders,
considering any Term Loan Lender and its Affiliates as a single Term Loan Lender, “Majority
Term Loan Lenders” shall mean all the Term Loan Lenders.

     “Material Adverse Effect” means a material adverse effect on (a) the condition
(financial or otherwise), business, performance, operations, properties or prospects of the Credit
Parties taken as a whole, (b) the ability of any Credit Party to perform its obligations under this
Agreement, the Notes (if issued) or any other Loan Document to which it is a party, or (c) the
validity or enforceability of this Agreement, any of the Notes (if issued) or any of the other Loan
Documents or the rights or remedies or interests as creditors and/or secured parties of the
Administrative Agent or the Lenders hereunder or thereunder.

     “Material Contract” means (i) each agreement or contract to which any Credit Party is
a party or in respect of which any Credit Party has any liability, that by its terms (without
reference to any indemnity or reimbursement provision therein) provides for aggregate future
guaranteed payments in respect of any such individual agreement or contract of at least $500,000,
(ii) each material gas transportation agreement, interconnect and facilities agreement, gas storage
agreement, gas processing agreement and gas marketing agreement and (iii) any other agreement or
contract the loss of which would be reasonably likely to result in a Material Adverse Effect;
provided that Material Contracts shall not be deemed to include any Pension Plans, collective
bargaining agreements, or casualty or liability or other insurance policies maintained in the
ordinary course of business.

     “Material Subsidiary” means (a) any Person acquired in the Acquisition, (b) any
Domestic Subsidiary of any Borrower that owns assets the value of which comprises ten percent (10%)
or more of the total book value of all assets of the Borrowers and their Subsidiaries (on a
Consolidated basis) or having gross revenues for the immediately preceding Fiscal Year that
comprises ten percent (10%) or more of the gross revenues of the Borrowers and their Subsidiaries
(on a Consolidated basis) and (c) any other Domestic Subsidiary of any Borrower

-17-

 

that any Borrower from time to time designates as a “Material Subsidiary” by written notice to
the Administrative Agent.

     “Mortgages” means the mortgages, deeds of trust and any other similar documents
related thereto or required thereby covering the Pipeline Systems and other Real Property and
executed and delivered by any Borrower or any of its Subsidiaries on the Effective Date pursuant to
Section 5.1 hereof, if any, and executed and delivered after the Effective Date by the any
Borrower or any of its Subsidiaries pursuant to Section 7.13 hereof or otherwise, and
“Mortgage” means any such document, as such documents may be amended, restated or otherwise
modified from time to time.

     “Multiemployer Plan” means a Pension Plan which is a multiemployer plan as defined in
Section 4001(a)(3) of ERISA.

     “Net Cash Proceeds” means the aggregate cash payments received by any Credit Party
from any Asset Sale or the issuance of Equity Interests, as the case may be, net of the ordinary
and customary direct costs incurred in connection with such sale or issuance, as the case may be,
such as legal, accounting, advisory and investment banking fees, sales commissions, and other third
party charges, and net of property taxes, transfer taxes and any other taxes paid or payable by
such Credit Party in respect of any sale or issuance.

     “Notes” means the Revolving Credit Notes, the Swing Line Note and the Term Loan Notes.

     “Off Balance Sheet Liability(ies)” of a Person means (i) any repurchase obligation or
liability of such Person with respect to accounts or notes receivables sold by such Person, (ii)
any liability under any sale and leaseback transaction which is not a Capitalized Lease, (iii) any
liability under any so-called “synthetic lease” transaction entered into by such Person, or
(iv) any obligation arising with respect to any other transaction which is the functional
equivalent of any of the liabilities set forth in subsections (i)-(iii) of this
definition, but which does not constitute a liability on the balance sheets of such Person.

     “Order” has the meaning ascribed to such term in Section 7.4(e) hereof.

     “Parent” means American Midstream Partners, LP, a Delaware limited partnership.

     “Parent General Partner” means American Midstream GP, LLC, a Delaware limited
liability company.

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

     “Pension Plan” means any plan established and maintained by a Credit Party, or
contributed to by a Credit Party, which is qualified under Section 401(a) of the Internal Revenue
Code and subject to the minimum funding standards of Section 412 of the Internal Revenue Code.

     “Percentage” means, as applicable, the Revolving Credit Percentage, the Term Loan
Percentage or the Weighted Percentage.

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     “Permitted Acquisition” means any acquisition by any Borrower or any Guarantor of all
or substantially all of the assets of another Person, or of a division or line of business of
another Person, or any Equity Interests of another Person which satisfies and/or is conducted in
accordance with the following requirements:

     (a) Such acquisition is of a business or Person engaged in a line of business
which is the same as, compatible with, or complementary to, the business of such Borrower or
such Guarantor;

     (b) If such acquisition is structured as an acquisition of the Equity Interests of
any Person, then the Person so acquired shall (X) become a wholly-owned direct Subsidiary of
such Borrower or of a Guarantor and such Borrower or Guarantor shall cause such acquired
Person to comply with Section 7.13 hereof or (Y) provided that each Borrower and its
Subsidiaries continue to comply with Section 7.4(a) hereof, be merged with and into
such Borrower or such Guarantor (and, in the case of a Borrower, with such Borrower being the
surviving entity);

     (c) If such acquisition is structured as the acquisition of assets, such assets
shall be acquired directly by a Borrower or a Guarantor (subject to compliance with
Section 7.4(a) hereof);

     (d) The Administrative Borrower shall have delivered to the Administrative Agent
not less than ten (10) (or such shorter period of time agreed to by the Administrative Agent)
nor more than ninety (90) days prior to the date of such acquisition, notice of such
acquisition together with Pro Forma Projected Financial Information, copies of all material
documents relating to such acquisition (including the acquisition agreement and any related
document), and historical financial information (including income statements, balance sheets
and cash flows) covering at least three (3) complete Fiscal Years of the acquisition target,
if available, prior to the effective date of the acquisition or the entire credit history of
the acquisition target, whichever period is shorter, in each case in form and substance
reasonably satisfactory to the Administrative Agent;

     (e) Both immediately before and after the consummation of such acquisition and
after giving effect to the Pro Forma Projected Financial Information, no Default or Event of
Default shall have occurred and be continuing;

     (f) The Administrative Agent shall have received satisfactory evidence showing
that the business or Person being acquired does not have negative EBITDA, calculated on a
trailing twelve-month basis.

     (g) The Administrative Agent shall have received satisfactory evidence showing
that on and immediately after the date such acquisition is consummated (and taking into
account any Advances or Letters of Credit to be made or issued, as the case may be, in
connection with the proposed acquisition), (i) the Unused Revolving Credit Availability shall
be at least Seven Million Five Hundred Thousand Dollars ($7,500,000) and (ii) the Total Debt
to Consolidated EBITDA Ratio is not more than 3.00:1.00;

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     (h) The board of directors (or other Person(s) exercising similar functions) of
the seller of the assets or issuer of the Equity Interests being acquired shall not have
disapproved such transaction or recommended that such transaction be disapproved;

     (i) All governmental, quasi-governmental, agency, regulatory or similar licenses,
authorizations, exemptions, qualifications, consents and approvals necessary under any laws
applicable to the Borrower or Guarantor that is making the acquisition, or the acquisition
target (if applicable) for or in connection with the proposed acquisition and all necessary
non-governmental and other third-party approvals which, in each case, are material to such
acquisition shall have been obtained, and all necessary or appropriate declarations,
registrations or other filings with any court, governmental or regulatory authority,
securities exchange or any other Person, which in each case, are material to the consummation
of such acquisition or to the acquisition target, if applicable, have been made, and evidence
thereof reasonably satisfactory in form and substance to the Administrative Agent shall have
been delivered, or caused to have been delivered, by the Administrative Borrower to the
Administrative Agent;

     (j) There shall be no actions, suits or proceedings pending or, to the knowledge
of any Borrower or any of its Subsidiaries threatened in writing against the acquisition
target in any court or before or by any governmental department, agency or instrumentality,
which could reasonably be expected to be decided adversely to the acquisition target and
which, if decided adversely, could reasonably be expected to have a material adverse effect on
the business, operations, properties or financial condition of the acquisition target and its
subsidiaries (taken as a whole) or would materially adversely affect the ability of the
acquisition target to enter into or perform its obligations in connection with the proposed
acquisition, nor shall there be any actions, suits, or proceedings pending, or to the
knowledge of any Borrower or any of its Subsidiaries threatened in writing against any
Borrower or any of its Subsidiaries that is making the acquisition which would materially
adversely affect the ability of any Borrower or any of its Subsidiaries to enter into or
perform its obligations in connection with the proposed acquisition; and

     (k) The purchase price of such proposed new acquisition, computed on the basis of
total acquisition consideration paid or incurred, or required to be paid or incurred, with
respect thereto, including the amount of Debt (such Debt being otherwise permitted under this
Agreement) assumed or to which such assets, businesses or business or Equity Interests, or any
Person so acquired is subject and including any portion of the purchase price allocated to any
non-compete agreements, (X) is less than Five Million Dollars ($5,000,000), (Y) when added to
the purchase price for each other acquisition consummated hereunder as a Permitted Acquisition
during the same Fiscal Year as the applicable acquisition (not including acquisitions
specifically consented to which fall outside of the terms of this definition), does not exceed
Ten Million Dollars ($10,000,000) and (Z) when added to the purchase price for each other
acquisition consummated hereunder as a Permitted Acquisition during the term of this agreement
(not including acquisitions specifically consented to which fall outside the terms of this
definition), does not exceed Twenty Million Dollars ($20,000,000).

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     “Permitted Investments” means with respect to any Person:

     (a) Governmental Obligations;

     (b) Obligations of a state or commonwealth of the United States or the obligations
of the District of Columbia or any possession of the United States, or any political
subdivision of any of the foregoing, which are described in Section 103(a) of the Internal
Revenue Code and are graded in any of the highest three (3) major grades as determined by at
least one Rating Agency; or secured, as to payments of principal and interest, by a letter of
credit provided by a financial institution or insurance provided by a bond insurance company
which in each case is itself or its debt is rated in one of the highest three (3) major grades
as determined by at least one Rating Agency;

     (c) Banker’s acceptances, commercial accounts, demand deposit accounts,
certificates of deposit, other time deposits or depository receipts issued by or maintained
with any Lender or any Affiliate thereof, or any bank, trust company, savings and loan
association, savings bank or other financial institution whose deposits are insured by the
Federal Deposit Insurance Corporation and whose reported capital and surplus equal at least
$250,000,000, provided that such minimum capital and surplus requirement shall not apply to
demand deposit accounts maintained by any Borrower or any of its Subsidiaries in the ordinary
course of business;

     (d) Commercial paper rated at the time of purchase within the two highest
classifications established by not less than two Rating Agencies, and which matures within 270
days after the date of issue;

     (e) Secured repurchase agreements against obligations itemized in paragraph
(a) above, and executed by a bank or trust company or by members of the association of
primary dealers or other recognized dealers in United States government securities, the market
value of which must be maintained at levels at least equal to the amounts advanced; and

     (f) Any fund or other pooling arrangement which exclusively purchases and holds
the investments itemized in (a) through (e) above.

     “Permitted Liens” means with respect to any Person:

     (a) Liens for (i) taxes or governmental assessments or charges or (ii) customs
duties in connection with the importation of goods to the extent such Liens attach to the
imported goods that are the subject of the duties, in each case (x) to the extent not yet due,
(y) as to which the period of grace, if any, related thereto has not expired or (z) which are
being contested in good faith by appropriate proceedings, provided that in the case of any
such contest, any proceedings for the enforcement of such liens have been suspended and
adequate reserves with respect thereto are maintained on the books of such Person in
conformity with GAAP;

     (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s,
processor’s, landlord’s liens or other like liens arising in the ordinary course of business

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which secure obligations that are not overdue for a period of more than 30 days or which
are being contested in good faith by appropriate proceedings, provided that in the case of any
such contest, (x) any proceedings commenced for the enforcement of such Liens have been
suspended and (y) appropriate reserves with respect thereto are maintained on the books of
such Person in conformity with GAAP;

     (c) (i) Liens incurred in the ordinary course of business to secure the
performance of statutory obligations arising in connection with progress payments or advance
payments due under contracts with the United States government or any agency thereof entered
into in the ordinary course of business and (ii) Liens incurred or deposits made in the
ordinary course of business to secure the performance of statutory obligations (not otherwise
permitted under subsection (i) of this definition), bids, leases, fee and expense
arrangements with trustees and fiscal agents, trade contracts, surety and appeal bonds,
performance bonds and other similar obligations (exclusive of obligations incurred in
connection with the borrowing of money, any lease-purchase arrangements or the payment of the
deferred purchase price of property), provided, that in each case full provision for the
payment of all such obligations has been made on the books of such Person as may be required
by GAAP;

     (d) any attachment or judgment lien that does not constitute an Event of Default
under Section 9.1(g) hereof or that remains unpaid, unvacated, unbonded or unstayed by
appeal or otherwise for a period ending on the earlier of (i) thirty (30) consecutive days
from the date of its attachment or entry (as applicable) or (ii) the commencement of
enforcement steps with respect thereto, other than the filing of notice thereof in the public
record;

     (e) terms, conditions, exceptions, limitations, easements, rights-of-way,
restrictions (including zoning restrictions), covenants, licenses, encroachments, protrusions
and other similar charges or encumbrances, minor right-of-way gaps and minor title
deficiencies on or with respect to any Pipeline System or other Real Property, in each case,
whether now or hereafter in existence, that would not, individually or in the aggregate, be
reasonably expected to cause a Material Adverse Effect, and for the purposes of this
Agreement, any minor title deficiency shall include, but not be limited to, terms, conditions,
exceptions, limitations, easements, rights-of-way, servitudes, permits, surface leases and
other similar rights in respect of surface operations, and easements for pipelines, streets,
alleys, highways, telephone lines, power lines, railways and other easements and rights-of-way
on, over or in respect of any of the properties of any Loan Party that are customarily granted
or permitted to exist in the midstream pipeline industry or oil and gas industry;
provided, however, that such deficiencies do not have, individually or in the
aggregate, a Material Adverse Effect;

     (f) rights reserved to or vested in any Governmental Authority by the terms of
any right, power, franchise, grant, license or permit, or by any provision of law, to revoke
or terminate any such right, power, franchise, grant, license or permit or to condemn or
acquire by eminent domain or similar process;

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     (g) rights reserved to or vested by law in any Governmental Authority to in any
manner, control or regulate in any manner any of the properties of any Borrower or any of its
Subsidiaries or the use thereof or the rights and interest of any Borrower or any of its
Subsidiaries therein, in any manner under any and all laws;

     (h) Liens arising in connection with worker’s compensation, unemployment
insurance, old age pensions and social security benefits and similar statutory obligations
(excluding Liens arising under ERISA), provided that no enforcement proceedings in respect of
such Liens are pending and provisions have been made for the payment of such liens on the
books of such Person as may be required by GAAP;

     (i) Liens evidenced by UCC financing statements regarding leases permitted
hereunder; and

     (j) continuations of Liens that are permitted under subsections
(a)-(i) hereof, provided such continuations do not violate the specific time
periods set forth in subsections (b) and (d) and provided further that such
Liens do not extend to any additional property or assets of any Borrower or any of its
Subsidiaries or secure any additional obligations of any Borrower or any of its Subsidiaries.

Regardless of the language set forth in this definition, no Lien over the Equity Interests of
any Borrower or any of its Subsidiaries granted to any Person other than to the Administrative
Agent for the benefit of the Lenders shall be deemed a “Permitted Lien” under the
terms of this Agreement.

     “Permitted Sale/Leaseback Transactions” means the sale of personal property by a
Person with the intent to lease such personal property as lessee provided that the value of all
personal property sold does not exceed $2,500,000 in the aggregate.

     “Person” means a natural person, corporation, limited liability company, partnership,
limited liability partnership, trust, incorporated or unincorporated organization, joint venture,
joint stock company, firm or association or a government or any agency or political subdivision
thereof or other entity of any kind.

     “Pipeline Assets” means, collectively, all gathering systems, tubes and pipelines used
for the transportation of Hydrocarbons wherever located whether now owned or hereafter acquired by
any Borrower or any of its Subsidiaries, together with all equipment, contracts, fixtures,
improvements, records and other property appertaining thereto.

     “Pipeline Systems” means, collectively, all of the Pipeline Assets and Real Property
and Easements related thereto.

     “Pledge Agreement(s)” means any pledge agreement executed and delivered by a Credit
Party on the Effective Date pursuant to Section 5.1 hereof, if any, and executed and
delivered from time to time after the Effective Date by any Credit Party pursuant to Section
7.13 hereof or otherwise, and any agreements, instruments or documents related thereto, in each
case in form and substance satisfactory to the Administrative Agent amended, restated or otherwise
modified from time to time.

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     “Prime-based Rate” means, for any day, that rate of interest which is equal to the
greater of (i) the Prime Rate, and (ii) an interest rate per annum equal to the Federal Funds
Effective Rate in effect on such day, plus one percent (1.0%).

     “Prime Rate” means the per annum rate of interest announced by the Administrative
Agent, at its main office from time to time as its “prime rate” (it being acknowledged that
such announced rate may not necessarily be the lowest rate charged by the Administrative Agent to
any of its customers), which Prime Rate shall change simultaneously with any change in such
announced rate.

     “Pro Forma Balance Sheet” means the pro forma consolidated balance sheet of the
Administrative Borrower which has been certified by a Responsible Officer of the Administrative
Borrower that it fairly presents in all material respects the pro forma adjustments reflecting the
transactions (including payment of all fees and expenses in connection therewith) contemplated by
this Agreement and the other Loan Documents.

     “Pro Forma Projected Financial Information” means, as to any proposed acquisition, a
statement executed by the Administrative Borrower (supported by reasonable detail) setting forth
the total consideration to be paid or incurred in connection with the proposed acquisition, and pro
forma combined projected financial information for the Administrative Borrower and its Subsidiaries
and the acquisition target (if applicable), consisting of projected balance sheets as of the
proposed effective date of the acquisition and as of the end of at least the next succeeding three
(3) Fiscal Years following the acquisition and projected statements of income and cash flows for
each of those years, including sufficient detail to permit calculation of the ratios described in
Section 7.9 hereof, as projected as of the effective date of the acquisition and as of the
ends of those Fiscal Years and accompanied by (i) a statement setting forth a calculation of the
ratio so described, (ii) a statement in reasonable detail specifying all material assumptions
underlying the projections and (iii) such other information as the Administrative Agent shall
reasonably request.

     “Purchases” has the meaning ascribed to such term in Section 8.5 hereof.

     “Purchase and Sale Agreement” means that certain Membership Interests Purchase and
Sale Agreement between Enbridge Midcoast Energy, L.P., as Seller, and the Administrative Borrower,
as Buyer, dated effective as of October 2, 2009.

     “Purchasing Lender” has the meaning set forth in Section 13.12.

     “Quoted Rate” means the rate of interest per annum offered by the Swing Line Lender in
its sole discretion with respect to a Swing Line Advance and accepted by the Administrative
Borrower.

     “Quoted Rate Advance” means any Swing Line Advance which bears interest at the Quoted
Rate.

     “Rating Agency” means Moody’s Investor Services, Inc., Standard and Poor’s Ratings
Services, their respective successors or any other nationally recognized statistical rating
organization which is acceptable to the Administrative Agent.

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     “Real Property” means, collectively, all right, title and interest, including any
leasehold, mineral or other estate, in and to any and all parcels of or interests in real property
owned, leased or operated any Person, whether by lease, license or other means, together with, in
each case, all easements, hereditaments and appurtenances related thereto, all improvements,
including, without limitation, compression stations and processing plants, and appurtenant fixtures
and equipment, all general intangibles and contract rights and other property and rights incidental
to the ownership, lease or operation thereof. Unless context requires otherwise, the term
“Real Property” shall refer to the Real Property of each Borrower and its Subsidiaries.

     “Refunded Swing Line Advances” has the meaning ascribed to such term in Section
2.5(e)(i) hereof.

     “Register” is defined in Section 13.8(g) hereof.

     “Reimbursement Obligation(s)” means the aggregate amount of all unreimbursed drawings
under all Letters of Credit (excluding for the avoidance of doubt, reimbursement obligations that
are deemed satisfied pursuant to a deemed disbursement under Section 3.6(c)).

     “Reinvest” or “Reinvestment” means, with respect to any Net Cash Proceeds
received by any Person, the application of such monies to (i) repair, improve or replace any
tangible personal property (excluding Inventory), Pipeline Systems or other Real Property of the
Credit Parties or any intellectual property reasonably necessary in order to use or benefit from
any property or (ii) acquire any such property (excluding Inventory) to be used in the business of
such Person or (iii) pay for expenses related to such reinvestment.

     “Reinvestment Certificate” is defined in Section 4.8(a) hereof.

     “Reinvestment Period” means a 270-day period beginning on the date of the applicable
Reinvestment Certificate during which Reinvestment must be completed under Section 4.8(a)
of this Agreement.

     “Request for Advance” means a Request for Revolving Credit Advance or a Request for
Swing Line Advance, as the context may indicate or otherwise require.

     “Request for Revolving Credit Advance” means a request for a Revolving Credit Advance
issued by the Administrative Borrower under Section 2.3 of this Agreement in the form
attached hereto as Exhibit A.

     “Request for Swing Line Advance” means a request for a Swing Line Advance issued by
the Administrative Borrower under Section 2.5(b) of this Agreement in the form attached
hereto as Exhibit D.

     “Requirement of Law” means as to any Person, the certificate of incorporation and
bylaws, the partnership agreement or other organizational or governing documents of such Person and
any law, treaty, rule or regulation or determination of an arbitration or a court or other
Governmental Authority, in each case applicable to or binding upon such Person or any of its
property or to which such Person or any of its property is subject.

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     “Responsible Officer” means, with respect to any Person, the chief executive officer,
chief financial officer, treasurer, president, vice president or controller of such Person, or with
respect to compliance with financial covenants, the chief financial officer, vice president or the
treasurer of such Person, or any other officer of such Person having substantially the same
authority and responsibility.

     “Revolving Credit” means the revolving credit loans to be advanced to the Borrowers by
the applicable Revolving Credit Lenders pursuant to Article 2 hereof, in an aggregate
amount (subject to the terms hereof), not to exceed, at any one time outstanding, the Revolving
Credit Aggregate Commitment.

     “Revolving Credit Advance” means a borrowing requested by the Administrative Borrower
and made by the Revolving Credit Lenders under Section 2.1 of this Agreement, including
without limitation any readvance, refunding or conversion of such borrowing pursuant to Section
2.3 hereof and any deemed disbursement of an Advance in respect of a Letter of Credit under
Section 3.6(c) hereof, and may include, subject to the terms hereof, Eurodollar-based
Advances and Base Rate Advances.

     “Revolving Credit Aggregate Commitment” means Thirty-Five Million Dollars
($35,000,000), subject to reduction or termination under Sections 2.10, 2.11 or
9.2 hereof.

     “Revolving Credit Commitment Amount” means with respect to any Revolving Credit
Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount
specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit
Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with
the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated
(whether by maturity, acceleration or otherwise), the amount equal to its Revolving Credit
Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the
outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

     “Revolving Credit Facility Fee” means the fee payable to the Administrative Agent for
distribution to the Revolving Credit Lenders in accordance with Section 2.9 hereof.

     “Revolving Credit Lenders” means the financial institutions from time to time parties
hereto as lenders of the Revolving Credit.

     “Revolving Credit Maturity Date” means the earlier to occur of (i) the date that is
three (3) years from the Effective Date, and (ii) the date on which the Revolving Credit Aggregate
Commitment shall terminate in accordance with the provisions of this Agreement.

     “Revolving Credit Notes” means the revolving credit notes described in Section
2.2 hereof, made by the Borrowers to each of the Revolving Credit Lenders in the form attached
hereto as Exhibit B, as such notes may be amended or supplemented from time to time, and
any other notes issued in substitution, replacement or renewal thereof from time to time.

     “Revolving Credit Percentage” means, with respect to any Revolving Credit Lender, the
percentage specified opposite such Revolving Credit Lender’s name in the column entitled

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“Revolving Credit Percentage” on Schedule 1.2, as adjusted from time to time
in accordance with the terms hereof.

     “Security Agreement” means, collectively, the security agreement(s) executed and
delivered by the Borrowers and the Guarantors on the Effective Date pursuant to Section 5.1
hereof, and any such agreements executed and delivered after the Effective Date (whether by
execution of a joinder agreement to any existing security agreement or otherwise) pursuant to
Section 7.13 hereof or otherwise, substantially in the form of the Security Agreement
attached hereto as Exhibit F, as amended, restated or otherwise modified from time to time.

     “Seller” means Enbridge Midcoast Energy, L.P., which is the seller under the
Acquisition Documents.

     “State Pipeline Regulatory Agencies” means, collectively, the Alabama Public Service
Commission, the Office of Conservation of the State of Louisiana, the Mississippi Public Service
Commission, the Tennessee Regulatory Authority and the Texas Railroad Commission, and “State
Pipeline Regulatory Agency” means any one of the foregoing.

     “Subsidiary(ies)” means any other corporation, association, joint stock company,
business trust, limited liability company, partnership or any other business entity of which more
than fifty percent (50%) of the outstanding voting stock, share capital, membership, partnership or
other interests, as the case may be, is owned either directly or indirectly by any Person or one or
more of its Subsidiaries, or the management of which is otherwise controlled, directly, or
indirectly through one or more intermediaries, or both, by any Person and/or its Subsidiaries.
Unless otherwise specified to the contrary herein or the context otherwise requires,
Subsidiary(ies) shall refer to the Subsidiary(ies) of the Administrative Borrower.

     “Successor Agent” has the meaning ascribed to such term in Section 12.4
hereof.

     “Sweep Agreement” means any agreement relating to the “Sweep to Loan”
automated system of the Administrative Agent or any other cash management arrangement which the
Administrative Borrower and the Administrative Agent have executed for the purposes of effecting
the borrowing and repayment of Swing Line Advances.

     “Swing Line” means the revolving credit loans to be advanced to the Borrowers by the
Swing Line Lender pursuant to Section 2.5 hereof, in an aggregate amount (subject to the
terms hereof), not to exceed, at any one time outstanding, the Swing Line Maximum Amount.

     “Swing Line Advance” means a borrowing requested by the Administrative Borrower and
made by Swing Line Lender pursuant to Section 2.5 hereof and may include, subject to the
terms hereof, Quoted Rate-Advances and Base Rate Advances.

     “Swing Line Lender” means Comerica Bank in its capacity as lender of the Swing Line
under Section 2.5 of this Agreement, or its successor as subsequently designated hereunder.

     “Swing Line Maximum Amount” means Five Million Dollars ($5,000,000).

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     “Swing Line Note” means the swing line note which may be issued by the Borrowers to
Swing Line Lender pursuant to Section 2.5(b)(ii) hereof in the form attached hereto as
Exhibit C, as such note may be amended or supplemented from time to time, and any note or
notes issued in substitution, replacement or renewal thereof from time to time.

     “Swing Line Participation Certificate” means the Swing Line Participation Certificate
delivered by the Administrative Agent to each Revolving Credit Lender pursuant to Section
2.5(e)(ii) hereof in the form attached hereto as Exhibit L.

     “Term Loan” means the term loan to be made to the Borrowers by the Term Loan Lenders
pursuant to Section 4.1 hereof, in the aggregate principal amount of Fifty Million Dollars
($50,000,000).

     “Term Loan Advance” means a borrowing requested by the Administrative Borrower and
made by the Term Loan Lenders pursuant to Section 4.1 hereof, including without limitation
any refunding or conversion of such borrowing pursuant to Section 4.4 hereof, and may
include, subject to the terms hereof, Eurodollar-based Advances and Base Rate Advances.

     “Term Loan Amount” means with respect to any Term Loan Lender, the amount equal to its
Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

     “Term Loan Facility Fee” means the fee payable to the Administrative Agent for
distribution to the Term Loan Lenders in accordance with Section 4.10 hereof.

     “Term Loan Maturity Date” means the date that is three (3) years from the Effective
Date.

     “Term Loan Notes” means the term notes described in Section 4.2(e) hereof,
made by the Borrowers to each of the Term Loan Lenders in the form attached hereto as Exhibit
J attached hereto, as such notes may be amended or supplemented from time to time, and any
other notes issued in substitution, replacement or renewal thereof from time to time.

     “Term Loan Percentage” means with respect to any Term Loan Lender, the percentage
specified opposite such Term Loan Lender’s name in the column entitled “Term Loan
Percentage” on Schedule 1.2, as adjusted from time to time in accordance with the terms
hereof.

     “Term Loan Rate Request” mean a request for the refunding or conversion of any Advance
of a Term Loan submitted by the Administrative Borrower under Section 4.4 of this Agreement
in the form of Exhibit K attached hereto.

     “Test Period” means, at any time, the four consecutive fiscal quarters of the
Administrative Borrower then last ended (in each case taken as one accounting period) for which
financial statements have been or are required to be delivered pursuant to this Agreement;
provided, however, all financial covenant calculations with respect to the Test
Periods ending December 31, 2009, March 31, 2010, June 30, 2010, and September 30, 2010, shall be
made by multiplying each figure used in the applicable calculation times a fraction, the numerator
of which is 360 and the denominator of which is the number of days elapsed from the date of this
Agreement through the end of the applicable fiscal quarter.

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     “Total Debt to Consolidated EBITDA Ratio” means, for any Test Period, the ratio of (a)
total Debt of the Administrative Borrower and its Subsidiaries for such Test Period to (b)
Consolidated EBITDA of the Administrative Borrower and its Subsidiaries for such Test Period.

     “Ultimate Parent” means AIM Midstream Holdings, LLC, a Delaware limited liability
company.

     “Uniform Commercial Code” or “UCC” means the Uniform Commercial Code as in
effect in the State of New York or any state the laws of which are required to be applied to
perfect the security interests in the Collateral.

     “Unused Revolving Credit Availability” means, on any date of determination, the amount
equal to the Revolving Credit Aggregate Commitment minus (x) the aggregate outstanding
principal amount of all Advances (including Swing Line Advances) and (y) the Letter of Credit
Obligations.

     “USA Patriot Act” is defined in Section 6.7.

     “Weighted Percentage” means with respect to any Lender, its percentage share as set
forth in Schedule 1.2, as such Schedule may be revised by the Administrative Agent from
time to time, which percentage shall be calculated as follows:

     (a) as to such Lender, so long as the Revolving Credit Aggregate Commitment has
not been terminated, its weighted percentage calculated by dividing (i) the sum of (x) its
Revolving Credit Commitment Amount plus (y) its Term Loan Amount, by (ii) the sum of (x) the
Revolving Credit Aggregate Commitment plus (y) the aggregate principal amount of Indebtedness
outstanding under the Term Loan; and

     (b) as to such Lender, if the Revolving Credit Aggregate Commitment has been
terminated (whether by maturity, acceleration or otherwise), its weighted percentage
calculated by dividing (i) the sum of (x) its applicable Revolving Credit Commitment Amount
plus (y) its Term Loan Amount, by (ii) the sum of the aggregate principal amount outstanding
under (x) the Revolving Credit (including any outstanding Letter of Credit Obligations and
outstanding Swing Line Advances), and (y) the Term Loan.

     “Withdrawal Liability” means liability to a Multiemployer Plan as a result of a
complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of
Subtitle E of Title IV of ERISA.

2. REVOLVING CREDIT.

     2.1 Commitment. Subject to the terms and conditions of this Agreement
(including without limitation Section 2.3 hereof), each Revolving Credit Lender severally
and for itself alone agrees to make Advances of the Revolving Credit in Dollars to the Borrowers
from time to time on any Business Day during the period from the Effective Date hereof until (but
excluding) the Revolving Credit Maturity Date in an aggregate amount, not to exceed at any one time
outstanding such Lender’s Revolving Credit Percentage of the Revolving Credit Aggregate

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Commitment. Subject to the terms and conditions set forth herein, advances, repayments and
readvances may be made under the Revolving Credit.

     2.2 Accrual of Interest and Maturity; Evidence of Indebtedness.

     (a) The Borrowers, jointly and severally, hereby unconditionally promise to pay to
the Administrative Agent for the account of each Revolving Credit Lender the then unpaid
principal amount of each Revolving Credit Advance (plus all accrued and unpaid interest) of
such Revolving Credit Lender to the Borrowers on the Revolving Credit Maturity Date and on
such other dates and in such other amounts as may be required from time to time pursuant to
this Agreement. Subject to the terms and conditions hereof, each Revolving Credit Advance
shall, from time to time from and after the date of such Advance (until paid), bear interest
at its Applicable Interest Rate.

     (b) Each Revolving Credit Lender shall maintain in accordance with its usual
practice an account or accounts evidencing indebtedness of the Borrowers to the appropriate
lending office of such Revolving Credit Lender resulting from each Revolving Credit Advance
made by such lending office of such Revolving Credit Lender from time to time, including the
amounts of principal and interest payable thereon and paid to such Revolving Credit Lender
from time to time under this Agreement.

     (c) The Administrative Agent shall maintain the Register pursuant to Section
13.8(g), and a subaccount therein for each Revolving Credit Lender, in which Register and
subaccounts (taken together) shall be recorded (i) the amount of each Revolving Credit Advance
made hereunder, the type thereof and each Eurodollar-Interest Period applicable to any
Eurodollar-based Advance, (ii) the amount of any principal or interest due and payable or to
become due and payable from the Borrowers to each Revolving Credit Lender hereunder in respect
of the Revolving Credit Advances and (iii) both the amount of any sum received by the
Administrative Agent hereunder from the Borrowers in respect of the Revolving Credit Advances
and each Revolving Credit Lender’s share thereof.

     (d) The entries made in the Register maintained pursuant to paragraph (c)
of this Section 2.2 shall, absent manifest error, to the extent permitted by
applicable law, be prima facie evidence of the existence and amounts of the obligations of the
Borrowers therein recorded; provided, however, that the failure of any
Revolving Credit Lender or the Administrative Agent to maintain the Register or any account,
as applicable, or any error therein, shall not in any manner affect the obligation of the
Borrowers to repay the Revolving Credit Advances (and all other amounts owing with respect
thereto) made to the Borrowers by the Revolving Credit Lenders in accordance with the terms of
this Agreement.

     (e) The Borrowers agree that, upon written request to the Administrative Agent by
any Revolving Credit Lender, the Borrowers will execute and deliver, to such Revolving Credit
Lender, at the Borrowers’ own expense, a Revolving Credit Note evidencing the outstanding
Revolving Credit Advances owing to such Revolving Credit Lender.

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     2.3 Requests for and Refundings and Conversions of Advances. The Administrative
Borrower may request an Advance of the Revolving Credit, a refund of any Revolving Credit Advance
in the same type of Advance or to convert any Revolving Credit Advance to any other type of
Revolving Credit Advance only by delivery to the Administrative Agent of a Request for Revolving
Credit Advance executed by an Authorized Signer for the Administrative Borrower, subject to the
following:

     (a) each such Request for Revolving Credit Advance shall set forth the information
required on the Request for Revolving Credit Advance, including without limitation:

     (i) the proposed date of such Revolving Credit Advance (or the refunding or
conversion of an outstanding Revolving Credit Advance), which must be a Business Day;

     (ii) whether such Advance is a new Revolving Credit Advance or a refunding
or conversion of an outstanding Revolving Credit Advance; and

     (iii) whether such Revolving Credit Advance is to be a Base Rate Advance or a
Eurodollar-based Advance, and, except in the case of a Base Rate Advance, the first
Eurodollar-Interest Period applicable thereto.

     (b) each such Request for Revolving Credit Advance shall be delivered to the
Administrative Agent by 12:00 p.m. (Detroit, Michigan time) three (3) Business Days prior to
the proposed date of the Revolving Credit Advance, except in the case of a Base Rate Advance,
for which the Request for Revolving Credit Advance must be delivered by 12:00 p.m. (Detroit,
Michigan time) on the proposed date for such Revolving Credit Advance;

     (c) on the proposed date of such Revolving Credit Advance, the sum of (x) the
aggregate principal amount of all Revolving Credit Advances and Swing Line Advances
outstanding on such date (including, without duplication) the Advances that are deemed to be
disbursed by the Administrative Agent under Section 3.6(c) hereof in respect of the
Borrowers’ Reimbursement Obligations hereunder), plus (y) the Letter of Credit Obligations as
of such date, in each case after giving effect to all outstanding requests for Revolving
Credit Advances and Swing Line Advances and for the issuance of any Letters of Credit, shall
not exceed the Revolving Credit Aggregate Commitment;

     (d) in the case of a Base Rate Advance, the principal amount of the initial
funding of such Advance, as opposed to any refunding or conversion thereof, shall be at least
$1,000,000 or the remainder available under the Revolving Credit Aggregate Commitment if less
than $1,000,000;

     (e) in the case of a Eurodollar-based Advance, the principal amount of such
Advance, plus the amount of any other outstanding Revolving Credit Advance to be then combined
therewith having the same Eurodollar-Interest Period, if any, shall be at least $1,000,000 (or
a larger integral multiple of $100,000) or the remainder available under

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the Revolving Credit Aggregate Commitment if less than $1,000,000 and at any one time
there shall not be in effect more than five (5) different Eurodollar-Interest Periods;

     (f) a Request for Revolving Credit Advance, once delivered to the Administrative
Agent, shall not be revocable by the Borrowers and shall constitute a certification by the
Borrowers as of the date thereof that:

     (i) all conditions to the making of Revolving Credit Advances set forth in
this Agreement have been satisfied and shall remain satisfied to the date of such
Revolving Credit Advance (both before and immediately after giving effect to such
Revolving Credit Advance);

     (ii) there is no Default or Event of Default in existence, and none will
exist upon the making of such Revolving Credit Advance (both before and immediately
after giving effect to such Revolving Credit Advance); and

     (iii) the representations and warranties of the Credit Parties contained in
this Agreement and the other Loan Documents are true and correct in all material
respects and shall be true and correct in all material respects as of the date of the
making of such Revolving Credit Advance (both before and immediately after giving effect
to such Revolving Credit Advance), other than any representation or warranty that
expressly speaks only as of a different date;

The Administrative Agent, acting on behalf of the Revolving Credit Lenders, may also, at its
option, lend under this Section 2.3 upon the telephone or email request of an Authorized
Signer of the Administrative Borrower to make such requests and, in the event the Administrative
Agent, acting on behalf of the Revolving Credit Lenders, makes any such Advance upon a telephone or
email request, an Authorized Signer shall fax or deliver by electronic file to the Administrative
Agent, on the same day as such telephone or email request, an executed Request for Revolving Credit
Advance. The Borrowers hereby authorize the Administrative Agent to disburse Advances to the
Administrative Borrower under this Section 2.3 pursuant to the telephone or email
instructions of any person purporting to be an Authorized Signer. Notwithstanding the foregoing,
the Borrowers acknowledge that the Borrowers shall bear all risk of loss resulting from
disbursements made upon any telephone or email request. Each telephone or email request for an
Advance from an Authorized Signer for the Administrative Borrower shall constitute a certification
of the matters set forth in the Request for Revolving Credit Advance form as of the date of such
requested Advance.

     2.4 Disbursement of Advances.

     (a) Upon receiving any Request for Revolving Credit Advance from the
Administrative Borrower under Section 2.3 hereof, the Administrative Agent shall
promptly notify each Revolving Credit Lender by wire, telex or telephone (confirmed by wire,
telecopy or telex) of the amount of such Advance being requested and the date such Revolving
Credit Advance is to be made by each Revolving Credit Lender in an amount equal to its
Revolving Credit Percentage of such Advance. Unless such Revolving Credit Lender’s commitment
to make Revolving Credit Advances hereunder shall have been

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suspended or terminated in accordance with this Agreement, each such Revolving Credit
Lender shall make available the amount of its Revolving Credit Percentage of each Revolving
Credit Advance in immediately available funds to the Administrative Agent, as follows:

     (i) for Base Rate Advances, at the office of the Administrative Agent
located at One Detroit Center, Detroit, Michigan 48226, not later than 1:00 p.m.
(Detroit, Michigan time) on the date of such Advance; and

     (ii) for Eurodollar-based Advances, at the Administrative Agent’s
Correspondent for the account of the Eurodollar Lending Office of the Administrative
Agent, not later than 12:00 p.m. (the time of the Administrative Agent’s Correspondent)
on the date of such Advance.

     (b) Subject to submission of an executed Request for Revolving Credit Advance by
the Administrative Borrower without exceptions noted in the compliance certification therein,
the Administrative Agent shall make available to the Borrowers the aggregate of the amounts so
received by it from the Revolving Credit Lenders in like funds and currencies:

     (i) for Base Rate Advances, not later than 4:00 p.m. (Detroit, Michigan
time) on the date of such Revolving Credit Advance, by credit to an account of the
Administrative Borrower maintained with the Administrative Agent or to such other
account or third party as the Administrative Borrower may reasonably direct in writing,
provided such direction is timely given; and

     (ii) for Eurodollar-based Advances, not later than 4:00 p.m. (the time of
the Administrative Agent’s Correspondent) on the date of such Revolving Credit Advance,
by credit to an account of the Administrative Borrower maintained with the
Administrative Agent’s Correspondent or to such other account or third-party as the
Administrative Borrower may direct, provided such direction is timely given.

     (c) The Administrative Agent shall deliver the documents and papers received by it
for the account of each Revolving Credit Lender to such Revolving Credit Lender. Unless the
Administrative Agent shall have been notified by any Revolving Credit Lender prior to the date
of any proposed Revolving Credit Advance that such Revolving Credit Lender does not intend to
make available to the Administrative Agent such Revolving Credit Lender’s Revolving Credit
Percentage of such Advance, the Administrative Agent may assume that such Revolving Credit
Lender has made such amount available to the Administrative Agent on such date, as aforesaid.
The Administrative Agent may, but shall not be obligated to, make available to the Borrowers
the amount of such payment in reliance on such assumption. If such amount is not in fact made
available to the Administrative Agent by such Revolving Credit Lender, as aforesaid, the
Administrative Agent shall be entitled to recover such amount on demand from such Revolving
Credit Lender. If such Revolving Credit Lender does not pay such amount forthwith upon the
Administrative Agent’s demand therefor and the

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Administrative Agent has in fact made a corresponding amount available to the Borrowers,
the Administrative Agent shall promptly notify the Administrative Borrower and the Borrowers
shall pay such amount to the Administrative Agent, if such notice is delivered to the
Administrative Borrower prior to 1:00 p.m. (Detroit, Michigan time) on a Business Day, on the
day such notice is received, and otherwise on the next Business Day, and such amount paid by
the Borrowers shall be applied as a prepayment of the Revolving Credit (without any
corresponding reduction in the Revolving Credit Aggregate Commitment), reimbursing the
Administrative Agent for having funded said amounts on behalf of such Revolving Credit
Lender. The Borrowers shall retain their claim against such Revolving Credit Lender with
respect to the amounts repaid by it to the Administrative Agent and, if such Revolving Credit
Lender subsequently makes such amounts available to the Administrative Agent, the
Administrative Agent shall promptly make such amounts available to the Borrowers as a
Revolving Credit Advance. The Administrative Agent shall also be entitled to recover from
such Revolving Credit Lender or the Borrowers, as the case may be, but without duplication,
interest on such amount in respect of each day from the date such amount was made available by
the Administrative Agent to the Borrowers, to the date such amount is recovered by the
Administrative Agent, at a rate per annum equal to:

     (i) in the case of such Revolving Credit Lender, for the first two (2)
Business Days such amount remains unpaid, the Federal Funds Effective Rate, and
thereafter, at the rate of interest then applicable to such Revolving Credit Advances;
and

     (ii) in the case of the Borrowers, the rate of interest then applicable to
such Advance of the Revolving Credit.

Until such Revolving Credit Lender has paid the Administrative Agent such amount, such Revolving
Credit Lender shall have no interest in or rights with respect to such Advance for any purpose
whatsoever. The obligation of any Revolving Credit Lender to make any Revolving Credit Advance
hereunder shall not be affected by the failure of any other Revolving Credit Lender to make any
Advance hereunder, and no Revolving Credit Lender shall have any liability to the Borrowers or any
of their Subsidiaries, the Administrative Agent, any other Revolving Credit Lender, or any other
party for another Revolving Credit Lender’s failure to make any loan or Advance hereunder.

     2.5 Swing Line.

     (a) Swing Line Advances. The Swing Line Lender may, on the terms and
subject to the conditions hereinafter set forth (including without limitation Section
2.5(c) hereof), but shall not be required to, make one or more Advances (each such advance
being a “Swing Line Advance”) to the Borrowers from time to time on any Business Day
during the period from the Effective Date hereof until (but excluding) the Revolving Credit
Maturity Date in an aggregate amount not to exceed at any one time outstanding the Swing Line
Maximum Amount. Subject to the terms set forth herein, advances, repayments and readvances
may be made under the Swing Line.

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     (b) Accrual of Interest and Maturity; Evidence of Indebtedness.

     (i) Swing Line Lender shall maintain in accordance with its usual practice
an account or accounts evidencing indebtedness of the Borrowers to Swing Line Lender
resulting from each Swing Line Advance from time to time, including the amount and date
of each Swing Line Advance, its Applicable Interest Rate, its Interest Period, if any,
and the amount and date of any repayment made on any Swing Line Advance from time to
time. The entries made in such account or accounts of Swing Line Lender shall be prima
facie evidence, absent manifest error, of the existence and amounts of the obligations
of the Borrowers therein recorded; provided, however, that the failure
of Swing Line Lender to maintain such account, as applicable, or any error therein,
shall not in any manner affect the obligation of the Borrowers to repay the Swing Line
Advances (and all other amounts owing with respect thereto) in accordance with the terms
of this Agreement.

     (ii) The Borrowers agree that, upon the written request of Swing Line
Lender, the Borrowers will execute and deliver to Swing Line Lender a Swing Line Note.

     (iii) The Borrowers, jointly, severally and unconditionally promise to pay to
the Swing Line Lender the then unpaid principal amount of such Swing Line Advance (plus
all accrued and unpaid interest) on the Revolving Credit Maturity Date and on such other
dates and in such other amounts as may be required from time to time pursuant to this
Agreement. Subject to the terms and conditions hereof, each Swing Line Advance shall,
from time to time after the date of such Advance (until paid), bear interest at its
Applicable Interest Rate.

     (c) Requests for Swing Line Advances. The Administrative Borrower may
request a Swing Line Advance by the delivery to Swing Line Lender of a Request for Swing Line
Advance executed by an Authorized Signer for the Administrative Borrower, subject to the
following:

     (i) each such Request for Swing Line Advance shall set forth the
information required on the Request for Advance, including without limitation, (A) the
proposed date of such Swing Line Advance, which must be a Business Day, (B) whether such
Swing Line Advance is to be a Base Rate Advance or a Quoted Rate Advance, and (C) in the
case of a Quoted Rate Advance, the duration of the Interest Period applicable thereto;

     (ii) on the proposed date of such Swing Line Advance, after giving effect to
all outstanding requests for Swing Line Advances made by the Administrative Borrower as
of the date of determination, the aggregate principal amount of all Swing Line Advances
outstanding on such date shall not exceed the Swing Line Maximum Amount;

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     (iii) on the proposed date of such Swing Line Advance, after giving effect to
all outstanding requests for Revolving Credit Advances and Swing Line Advances and
Letters of Credit requested by the Administrative Borrower on such date of determination
(including, without duplication, Advances that are deemed disbursed pursuant to
Section 3.6(c) hereof in respect of the Borrowers’ Reimbursement Obligations
hereunder), the sum of (x) the aggregate principal amount of all Revolving Credit
Advances and the Swing Line Advances outstanding on such date plus (y) the Letter of
Credit Obligations on such date shall not exceed the Revolving Credit Aggregate
Commitment;

     (iv) (A) in the case of a Swing Line Advance that is a Base Rate Advance, the
principal amount of the initial funding of such Advance, as opposed to any refunding or
conversion thereof, shall be at least Two Hundred Fifty Thousand Dollars ($250,000) or
such lesser amount as may be agreed to by the Swing Line Lender, and (B) in the case of
a Swing Line Advance that is a Quoted Rate Advance, the principal amount of such
Advance, plus any other outstanding Swing Line Advances to be then combined therewith
having the same Interest Period, if any, shall be at least Two Hundred Fifty Thousand
Dollars ($250,000) or such lesser amount as may be agreed to by the Swing Line Lender,
and at any time there shall not be in effect more than two (2) Interest Rates and
Interest Periods;

     (v) each such Request for Swing Line Advance shall be delivered to the Swing
Line Lender by 11:00 a.m. (Detroit, Michigan time) on the proposed date of the Swing
Line Advance;

     (vi) each Request for Swing Line Advance, once delivered to Swing Line
Lender, shall not be revocable by the Borrowers, and shall constitute and include a
certification by the Borrowers as of the date thereof that:

     (A) all conditions to the making of Swing Line Advances set forth in
this Agreement shall have been satisfied and shall remain satisfied to the date of
such Swing Line Advance (both before and immediately after giving effect to such
Swing Line Advance);

     (B) there is no Default or Event of Default in existence, and none will
exist upon the making of such Swing Line Advance (both before and immediately after
giving effect to such Swing Line Advance); and

     (C) the representations and warranties of the Credit Parties contained
in this Agreement and the other Loan Documents are true and correct in all material
respects and shall be true and correct in all material respect as of the date of
the making of such Swing Line Advance (both before and immediately after giving
effect to such Swing Line Advance), other than any representation or warranty that
expressly speaks only as of a different date;

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     (vii) At the option of the Administrative Agent, subject to revocation by the
Administrative Agent at any time and from time to time and so long as the Administrative
Agent is the Swing Line Lender, the Borrowers, at their option, may utilize the
Administrative Agent’s “Sweep to Loan” automated system for obtaining Swing Line
Advances and making periodic repayments. At any time during which the “Sweep to
Loan” system is in effect, Swing Line Advances shall be advanced to fund borrowing
needs pursuant to the terms of the Sweep Agreement. Each time a Swing Line Advance is
made using the “Sweep to Loan” system, the Borrowers shall be deemed to have
certified to the Administrative Agent and the Lenders each of the matters set forth in
clause (vi) of this Section 2.5(c). Principal and interest on Swing
Line Advances requested, or deemed requested, pursuant to this Section shall be paid
pursuant to the terms and conditions of the Sweep Agreement without any deduction,
setoff or counterclaim whatsoever. Unless sooner paid pursuant to the provisions hereof
or the provisions of the Sweep Agreement, the principal amount of the Swing Loans shall
be paid in full, together with accrued interest thereon, on the Revolving Credit
Maturity Date. The Administrative Agent may suspend or revoke the Borrowers’ privilege
to use the “Sweep to Loan” system at any time and from time to time for any
reason and, immediately upon any such revocation, the “Sweep to Loan” system
shall no longer be available to the Borrowers for the funding of Swing Line Advances
hereunder (or otherwise), and the regular procedures set forth in this Section
2.5 for the making of Swing Line Advances shall be deemed immediately to apply. The
Administrative Agent may, at its option, also elect to make Swing Line Advances upon the
Administrative Borrower’s telephone requests on the basis set forth in the last
paragraph of Section 2.3, provided that the Borrowers comply with the provisions
set forth in this Section 2.5.

     (d) Disbursement of Swing Line Advances. Upon receiving any executed
Request for Swing Line Advance from the Administrative Borrower and the satisfaction of the
conditions set forth in Section 2.5(c) hereof, Swing Line Lender shall make available
to the Borrowers the amount so requested in Dollars not later than 4:00 p.m. (Detroit,
Michigan time) on the date of such Advance, by credit to an account of the Administrative
Borrower maintained with the Administrative Agent or to such other account or third party as
the Administrative Borrower may reasonably direct in writing, subject to applicable law,
provided such direction is timely given. Swing Line Lender shall promptly notify the
Administrative Agent of any Swing Line Advance by telephone, telex or telecopier.

     (e) Refunding of or Participation Interest in Swing Line Advances.

     (i) The Administrative Agent, at any time in its sole and absolute
discretion, may, in each case on behalf of the Borrowers (which hereby irrevocably
direct the Administrative Agent to act on their behalf) request each of the Revolving
Credit Lenders (including the Swing Line Lender in its capacity as a Revolving Credit
Lender) to make an Advance of the Revolving Credit to the Borrowers, in an amount equal
to such Revolving Credit Lender’s Revolving Credit Percentage of the aggregate principal
amount of the Swing Line Advances

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outstanding on the date such notice is given (the “Refunded Swing Line
Advances”); provided, however, that the Swing Line Advances carried
at the Quoted Rate which are refunded with Revolving Credit Advances at the request of
the Swing Line Lender at a time when no Default or Event of Default has occurred and is
continuing shall not be subject to Section 11.1 and no losses, costs or expenses
may be assessed by the Swing Line Lender against the Borrowers or the Revolving Credit
Lenders as a consequence of such refunding. The applicable Revolving Credit Advances
used to refund any Swing Line Advances shall be Base Rate Advances. In connection with
the making of any such Refunded Swing Line Advances or the purchase of a participation
interest in Swing Line Advances under Section 2.5(e)(ii) hereof, the Swing Line
Lender shall retain its claim against the Borrowers for any unpaid interest or fees in
respect thereof accrued to the date of such refunding. Unless any of the events
described in Section 9.1(i) hereof shall have occurred (in which event the
procedures of Section 2.5(e)(ii) shall apply) and regardless of whether the
conditions precedent set forth in this Agreement to the making of a Revolving Credit
Advance are then satisfied (but subject to Section 2.5(e)(iii)), each Revolving
Credit Lender shall make the proceeds of its Revolving Credit Advance available to the
Administrative Agent for the benefit of the Swing Line Lender at the office of the
Administrative Agent specified in Section 2.4(a) hereof prior to 11:00 a.m.
(Detroit, Michigan time) on the Business Day next succeeding the date such notice is
given, in immediately available funds. The proceeds of such Revolving Credit Advances
shall be immediately applied to repay the Refunded Swing Line Advances, subject to
Section 11.1 hereof.

     (ii) If, prior to the making of an Advance of the Revolving Credit pursuant
to Section 2.5(e)(i) hereof, one of the events described in Section
9.1(i) hereof shall have occurred, each Revolving Credit Lender will, on the date
such Advance of the Revolving Credit was to have been made, purchase from the Swing Line
Lender an undivided participating interest in each Swing Line Advance that was to have
been refunded in an amount equal to its Revolving Credit Percentage of such Swing Line
Advance. Each Revolving Credit Lender within the time periods specified in Section
2.5(e)(i) hereof, as applicable, shall immediately transfer to the Administrative
Agent, for the benefit of the Swing Line Lender, in immediately available funds, an
amount equal to its Revolving Credit Percentage of the aggregate principal amount of all
Swing Line Advances outstanding as of such date. Upon receipt thereof, the
Administrative Agent will deliver to such Revolving Credit Lender a Swing Line
Participation Certificate evidencing such participation.

     (iii) Each Revolving Credit Lender’s obligation to make Revolving Credit
Advances to refund Swing Line Advances, and to purchase participation interests, in
accordance with Section 2.5(e)(i) and (ii), respectively, shall be
absolute and unconditional and shall not be affected by any circumstance, including,
without limitation, (A) any set-off, counterclaim, recoupment, defense or other right
which such Revolving Credit Lender may have against Swing Line Lender, the Borrowers or
any other Person for any reason whatsoever; (B) the

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occurrence or continuance of any Default or Event of Default; (C) any adverse
change in the condition (financial or otherwise) of any Borrower or any other Person;
(D) any breach of this Agreement or any other Loan Document by any Borrower or any other
Person; (E) any inability of the Borrowers to satisfy the conditions precedent to
borrowing set forth in this Agreement on the date upon which such Revolving Credit
Advance is to be made or such participating interest is to be purchased; (F) the
termination of the Revolving Credit Aggregate Commitment hereunder; or (G) any other
circumstance, happening or event whatsoever, whether or not similar to any of the
foregoing. If any Revolving Credit Lender does not make available to the Administrative
Agent the amount required pursuant to Section 2.5(e)(i) or (ii) hereof,
as the case may be, the Administrative Agent on behalf of the Swing Line Lender, shall
be entitled to recover such amount on demand from such Revolving Credit Lender, together
with interest thereon for each day from the date of non-payment until such amount is
paid in full (x) for the first two (2) Business Days such amount remains unpaid, at the
Federal Funds Effective Rate and (y) thereafter, at the rate of interest then applicable
to such Swing Line Advances. The obligation of any Revolving Credit Lender to make
available its pro rata portion of the amounts required pursuant to Section
2.5(e)(i) or (ii) hereof shall not be affected by the failure of any other
Revolving Credit Lender to make such amounts available, and no Revolving Credit Lender
shall have any liability to any Credit Party, the Administrative Agent, the Swing Line
Lender, or any other Revolving Credit Lender or any other party for another Revolving
Credit Lender’s failure to make available the amounts required under Section
2.5(e)(i) or (ii) hereof.

     (iv) Notwithstanding the foregoing, no Revolving Credit Lender shall be
required to make any Revolving Credit Advance to refund a Swing Line Advance or to
purchase a participation in a Swing Line Advance if at least two (2) Business Days prior
to the making of such Swing Line Advance by the Swing Line Lender, the officers of the
Swing Line Lender immediately responsible for matters concerning this Agreement shall
have received written notice from the Administrative Agent or any Lender that Swing Line
Advances should be suspended based on the occurrence and continuance of a Default or
Event of Default and stating that such notice is a “notice of default”;
provided, however, that the obligation of the Revolving Credit Lenders
to make refund such Swing Line Advance or purchase a participation in such Swing Line
Advance) shall be reinstated upon the date on which such Default or Event of Default has
been waived by the requisite Lenders.

     2.6 Interest Payments; Default Interest.

     (a) Interest on the unpaid balance of all Base Rate Advances of the Revolving
Credit and the Swing Line from time to time outstanding shall accrue from the date of such
Advance to the date repaid, at a per annum interest rate equal to the Base Rate, and shall be
payable in immediately available funds commencing on February 1, 2010, and on the first day of
each February, May, August and November thereafter (in respect of the preceding three months
or any portion thereof). Whenever any payment under this

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Section 2.6(a) shall become due on a day which is not a Business Day, the date
for payment thereof shall be extended to the next Business Day. Interest accruing at the Base
Rate shall be computed on the basis of a 360 day year and assessed for the actual number of
days elapsed, and in such computation effect shall be given to any change in the interest rate
resulting from a change in the Base Rate on the date of such change in the Base Rate.

     (b) Interest on each Eurodollar-based Advance of the Revolving Credit shall accrue
at its Eurodollar-based Rate and shall be payable in immediately available funds on the last
day of the Eurodollar-Interest Period applicable thereto. Interest accruing at the
Eurodollar-based Rate shall be computed on the basis of a 360 day year and assessed for the
actual number of days elapsed from the first day of the Eurodollar-Interest Period applicable
thereto to but not including the last day thereof.

     (c) Interest on each Quoted Rate Advance of the Swing Line shall accrue at its
Quoted Rate and shall be payable in immediately available funds on the last day of the
Interest Period applicable thereto. Interest accruing at the Quoted Rate shall be computed on
the basis of a 360-day year and assessed for the actual number of days elapsed from the first
day of the Interest Period applicable thereto to, but not including, the last day thereof.

     (d) Notwithstanding anything to the contrary in the preceding sections, all
accrued and unpaid interest on any Revolving Credit Advance refunded or converted pursuant to
Section 2.3 hereof and any Swing Line Advance refunded pursuant to Section
2.5(e) hereof, shall be due and payable in full on the date such Advance is refunded or
converted.

     (e) In the case of any Event of Default under Section 9.1(i), immediately
upon the occurrence thereof, and in the case of any other Event of Default, immediately upon
receipt by the Administrative Agent of notice from the Majority Revolving Credit Lenders,
interest shall accrue and be payable on demand on all Revolving Credit Advances and Swing Line
Advances from time to time outstanding at a per annum rate equal to the Applicable Interest
Rate in respect of each such Advance plus, in the case of Eurodollar-based Advances and Quoted
Rate Advances, two percent (2%) for the remainder of the then existing Interest Period, if
any, and at all other such times, and for all Base Rate Advances from time to time
outstanding, at a per annum rate equal to the Base Rate plus two percent (2%).

     2.7 Optional Prepayments.

     (a) (i) The Borrowers may prepay all or part of the outstanding principal of any
Base Rate Advance(s) of the Revolving Credit at any time, provided that,
unless the “Sweep to Loan” system shall be in effect in respect of the Revolving
Credit, after giving effect to any partial prepayment, the aggregate balance of Base Rate
Advance(s) of the Revolving Credit remaining outstanding shall be at least One Million Dollars
($1,000,000), and (ii) subject to Section 2.10(c) hereof, the Borrowers may prepay all
or part of the outstanding principal of any Eurodollar-based Advance of the Revolving

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Credit at any time (subject to not less than five (5) Business Day’s notice to the
Administrative Agent), provided that, after giving effect to any partial
prepayment, the unpaid portion of such Advance which is to be refunded or converted under
Section 2.3 hereof shall be at least One Million and Dollars ($1,000,000).

     (b) (i) The Borrowers may prepay all or part of the outstanding principal of any
Swing Line Advance carried at the Base Rate at any time, provided that, after
giving effect to any partial prepayment, the aggregate balance of such Base Rate Advances
remaining outstanding shall be at least Five Hundred Thousand Dollars ($500,000) and (ii)
subject to Section 2.10(c) hereof, the Borrowers may prepay all or part of the
outstanding principal of any Swing Line Advance carried at the Quoted Rate at any time
(subject to not less than one (1) day’s notice to the Swing Line Lender), provided
that, after giving effect to any partial prepayment, the aggregate balance of such
Quoted Rate Swing Line Advances remaining outstanding shall be at least Two Hundred Fifty
Thousand Dollars ($250,000).

     (c) Any prepayment of a Base Rate Advance made in accordance with this Section
shall be without premium or penalty and any prepayment of any other type of Advance shall be
subject to the provisions of Section 11.1 hereof, but otherwise without premium or
penalty.

     2.8 Base Rate Advance in Absence of Election or Upon Default. If, (a) as to any
outstanding Eurodollar-based Advance of the Revolving Credit or any outstanding Quoted Rate Advance
of the Swing Line, the Administrative Agent has not received payment of all outstanding principal
and accrued interest on the last day of the Interest Period applicable thereto, or does not receive
a timely Request for Advance meeting the requirements of Section 2.3 or 2.5 hereof
with respect to the refunding or conversion of such Advance, or (b) if on the last day of the
applicable Interest Period a Default or an Event of Default shall have occurred and be continuing,
then, on the last day of the applicable Interest Period the principal amount of any
Eurodollar-based Advance or Quoted Rate Advance, as the case may be, which has not been prepaid
shall, absent a contrary election of the Majority Revolving Credit Lenders, be converted
automatically to a Base Rate Advance and the Administrative Agent shall thereafter promptly notify
the Administrative Borrower of said action. All accrued and unpaid interest on any Advance
converted to a Base Rate Advance under this Section 2.8 shall be due and payable in full on
the date such Advance is converted.

     2.9 Revolving Credit Facility Fee. From the Closing Date to the Revolving
Credit Maturity Date, the Borrowers jointly and severally agree to pay to the Administrative Agent
for distribution to the Revolving Credit Lenders pro-rata in accordance with their respective
Revolving Credit Percentages, a Revolving Credit Facility Fee in arrears from the Closing Date
through the earlier of December 10, 2009, and the Effective Date, in advance commencing on the
Effective Date for the period from the Effective Date through February 1, 2010, and in advance on
the first day of each February, May, August and November thereafter (in respect of the following
three months or any portion thereof). The Revolving Credit Facility Fee payable to each Revolving
Credit Lender shall be determined by multiplying the Applicable Fee Percentage times the Revolving
Credit Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility
Fee shall be computed on the basis of a year of three hundred sixty

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(360) days and assessed for the actual number of days elapsed. Whenever any payment of the
Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for
payment thereof shall be extended to the next Business Day. Upon receipt of such payment, the
Administrative Agent shall make prompt payment to each Revolving Credit Lender of its share of the
Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is
expressly understood that the Revolving Credit Facility Fees described in this Section are not
refundable.

     2.10 Mandatory Repayment of Revolving Credit Advances.

     (a) If at any time and for any reason the aggregate outstanding principal amount
of Revolving Credit Advances plus Swing Line Advances, plus the outstanding Letter of Credit
Obligations, shall exceed the Revolving Credit Aggregate Commitment, the Borrowers shall
immediately reduce any pending request for a Revolving Credit Advance on such day by the
amount of such excess and, to the extent any excess remains thereafter, repay any Revolving
Credit Advances and Swing Line Advances in an amount equal to the lesser of the outstanding
amount of such Advances and the amount of such remaining excess, with such amounts to be
applied between the Revolving Credit Advances and Swing Line Advances as determined by the
Administrative Agent and then, to the extent that any excess remains after payment in full of
all Revolving Credit Advances and Swing Line Advances, to provide cash collateral in support
of any Letter of Credit Obligations in an amount equal to the lesser of (x) 110% of the amount
of such Letter of Credit Obligations and (y) the amount of such remaining excess, with such
cash collateral to be provided on the basis set forth in Section 9.2 hereof. The
Borrowers acknowledge that, in connection with any repayment required hereunder, they are also
responsible for the reimbursement of any prepayment or other costs required under Section
11.1 hereof. Any payments made pursuant to this Section shall be applied first to
outstanding Base Rate Advances under the Revolving Credit, next to Swing Line Advances carried
at the Base Rate and then to Eurodollar-based Advances of the Revolving Credit, and then to
Swing Line Advances carried at the Quoted Rate.

     (b) Upon the payment in full of the Term Loan, any prepayments required to be made
on the Term Loan pursuant to Sections 4.8(a) and (b) of this Agreement shall
instead be applied to prepay any amounts outstanding under the Revolving Credit, resulting in
a permanent reduction in the Revolving Credit Aggregate Commitment. Immediately upon receipt
by any Credit Party of Net Cash Proceeds from the issuance of any Equity Interests of such
Person (other than (i) Equity Interests under any stock option or employee incentive plans
listed on Schedule 7.13 hereto (or any successor plans) and (ii) Equity Interests
issued for the purpose of curing an Event of Default hereunder, as determined by the
Administrative Agent in its reasonable discretion, which Net Cash Proceeds shall be prepaid in
accordance with Section 4.8(b) hereof and the first sentence of this Section
2.10(b)) after the Effective Date, the Borrowers shall prepay any amounts outstanding
under the Revolving Credit by an amount equal to fifty percent (50%) of such Net Cash Proceeds
except to the extent such Equity Interests are issued as consideration in any Permitted
Acquisition, in which case no prepayment shall be required. Subject to Section 10.2
hereof, any payments made pursuant to this Section shall be applied first to outstanding Base
Rate Advances under the Revolving Credit, next

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to Swing Line Advances carried at the Base Rate, next to Eurodollar-based Advances under
the Revolving Credit, and then to Swing Line Advances carried at the Quoted Rate. If any
amounts remain thereafter, a portion of such prepayment equivalent to the undrawn amount of
any outstanding Letters of Credit shall be held by the Issuing Lender or the Administrative
Agent as cash collateral for the Reimbursement Obligations, with any additional prepayment
monies being applied to any Fees, costs or expenses due and outstanding under this Agreement,
and with the remainder of such prepayment thereafter being returned to the Borrowers.

     (c) To the extent that, on the date any mandatory repayment of the Revolving
Credit Advances under this Section 2.10 or payment pursuant to the terms of any of the
Loan Documents is due, the Indebtedness under the Revolving Credit or any other Indebtedness
to be prepaid is being carried, in whole or in part, at the Eurodollar-based Rate and no
Default or Event of Default has occurred and is continuing, the Borrowers may deposit the
amount of such mandatory prepayment in a cash collateral account to be held by the
Administrative Agent, for and on behalf of the Revolving Credit Lenders, on such terms and
conditions as are reasonably acceptable to the Administrative Agent and upon such deposit the
obligation of the Borrowers to make such mandatory prepayment shall be deemed satisfied.
Subject to the terms and conditions of said cash collateral account, sums on deposit in said
cash collateral account shall be applied (until exhausted) to reduce the principal balance of
the Revolving Credit on the last day of each Eurodollar-Interest Period attributable to the
Eurodollar-based Advances of such Revolving Advance, thereby avoiding breakage costs under
Section 11.1 hereof; provided, however, that if a Default or Event of
Default shall have occurred at any time while sums are on deposit in the cash collateral
account, the Administrative Agent may, in its sole discretion, elect to apply such sums to
reduce the principal balance of such Eurodollar-based Advances prior to the last day of the
applicable Eurodollar-Interest Period, and the Borrowers will be obligated to pay any
resulting breakage costs under Section 11.1.

     2.11 Optional Reduction or Termination of Revolving Credit Aggregate Commitment.
The Administrative Borrower may, upon at least five (5) Business Days’ prior written notice to the
Administrative Agent, permanently reduce the Revolving Credit Aggregate Commitment in whole at any
time, or in part from time to time, without premium or penalty, provided that: (i) each partial
reduction of the Revolving Credit Aggregate Commitment shall be in an aggregate amount equal to
Five Million Dollars ($5,000,000) or a larger integral multiple of One Hundred Thousand Dollars
($100,000); (ii) each reduction shall be accompanied by the payment of the Revolving Credit
Facility Fee, if any, accrued and unpaid to the date of such reduction; (iii) the Borrowers shall
prepay in accordance with the terms hereof the amount, if any, by which the aggregate unpaid
principal amount of Revolving Credit Advances and Swing Line Advances (including, without
duplication, any deemed Advances made under Section 3.6 hereof) outstanding hereunder, plus
the Letter of Credit Obligations, exceeds the amount of the then applicable Revolving Credit
Aggregate Commitment as so reduced, together with interest thereon to the date of prepayment; (iv)
no reduction shall reduce the Revolving Credit Aggregate Commitment to an amount which is less than
the aggregate undrawn amount of any Letters of Credit outstanding at such time; and (v) no such
reduction shall reduce the Swing Line Maximum Amount unless the Administrative Borrower so elects,
provided that the Swing Line

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Maximum Amount shall at no time be greater than the Revolving Credit Aggregate Commitment;
provided, however, that if the termination or reduction of the Revolving Credit
Aggregate Commitment requires the prepayment of a Eurodollar-based Advance or a Quoted Rate Advance
and such termination or reduction is made on a day other than the last Business Day of the then
current Interest Period applicable to such Eurodollar-based Advance or such Quoted Rate Advance,
then, pursuant to Section 11.1, the Borrowers shall compensate the Revolving Credit Lenders
and/or the Swing Line Lender for any losses or, so long as no Default or Event of Default has
occurred and is continuing, the Borrowers may deposit the amount of such prepayment in a collateral
account as provided in Section 2.10(c). Reductions of the Revolving Credit Aggregate
Commitment and any accompanying prepayments of Advances of the Revolving Credit shall be
distributed by the Administrative Agent to each Revolving Credit Lender in accordance with such
Revolving Credit Lender’s Revolving Percentage thereof, and will not be available for reinstatement
by or readvance to the Borrowers, and any accompanying prepayments of Advances of the Swing Line
shall be distributed by the Administrative Agent to the Swing Line Lender and will not be available
for reinstatement by or readvance to the Borrowers. Any reductions of the Revolving Credit
Aggregate Commitment hereunder shall reduce each Revolving Credit Lender’s portion thereof
proportionately (based on the applicable Revolving Credit Percentages), and shall be permanent and
irrevocable. Any payments made pursuant to this Section shall be applied first to outstanding Base
Rate Advances under the Revolving Credit, next to Swing Line Advances carried at the Base Rate and
then to Eurodollar-based Advances of the Revolving Credit, and then to Swing Line Advances carried
at the Quoted Rate.

     2.12 Use of Proceeds of Advances. Advances of the Revolving Credit shall be used
to finance the Acquisition and working capital and other lawful corporate purposes.

3. LETTERS OF CREDIT.

     3.1 Letters of Credit. Subject to the terms and conditions of this Agreement,
Issuing Lender may through the Issuing Office, at any time and from time to time from and after the
date hereof until thirty (30) days prior to the Revolving Credit Maturity Date, upon the written
request of the Administrative Borrower accompanied by a duly executed Letter of Credit Agreement
and such other documentation related to the requested Letter of Credit as the Issuing Lender may
require, issue Letters of Credit in Dollars for the account of the Borrowers, in an aggregate
amount for all Letters of Credit issued hereunder at any one time outstanding not to exceed the
Letter of Credit Maximum Amount. Each Letter of Credit shall be in a minimum face amount of One
Hundred Thousand Dollars ($100,000) (or such lesser amount as may be agreed to by Issuing Lender)
and each Letter of Credit (including any renewal thereof) shall expire not later than the first to
occur of (i) one year after the date of issuance thereof and (ii) ten (10) Business Days prior to
the Revolving Credit Maturity Date in effect on the date of issuance thereof; provided, however, to
the extent the Borrowers cash collateralize any Letter of Credit at least one hundred eighty (180)
days prior to the Revolving Credit Maturity Date in cases where such Letter of Credit could be
automatically renewed beyond such Revolving Credit Maturity Date, such letter of Credit may contain
a customary “evergreen” provision relating to the renewal thereof. The submission of all
applications in respect of and the issuance of each Letter of Credit hereunder shall be subject in
all respects to the International Standby Practices 98, and any successor documentation thereto and
to the extent not inconsistent therewith, the laws of the

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State of New York. In the event of any conflict between this Agreement and any Letter of
Credit Document other than any Letter of Credit, this Agreement shall control.

     3.2 Conditions to Issuance. No Letter of Credit shall be issued (including the
renewal or extension of any Letter of Credit previously issued) at the request and for the account
of the Borrowers unless, as of the date of issuance (or renewal or extension) of such Letter of
Credit:

     (a) (i) after giving effect to the Letter of Credit requested, the Letter of
Credit Obligations do not exceed the Letter of Credit Maximum Amount; and (ii) after giving
effect to the Letter of Credit requested, the Letter of Credit Obligations on such date plus
the aggregate amount of all Revolving Credit Advances and Swing Line Advances (including all
Advances deemed disbursed by the Administrative Agent under Section 3.6(c) hereof in
respect of the Borrowers’ Reimbursement Obligations) hereunder requested or outstanding on
such date do not exceed the Revolving Credit Aggregate Commitment;

     (b) the representations and warranties of the Credit Parties contained in this
Agreement and the other Loan Documents are true and correct in all material respects and shall
be true and correct in all material respects as of date of the issuance of such Letter of
Credit (both before and immediately after the issuance of such Letter of Credit), other than
any representation or warranty that expressly speaks only as of a different date;

     (c) there is no Default or Event of Default in existence, and none will exist upon
the issuance of such Letter of Credit;

     (d) the Administrative Borrower shall have delivered to Issuing Lender at its
Issuing Office, not less than three (3) Business Days prior to the requested date for issuance
(or such shorter time as the Issuing Lender, in its sole discretion, may permit), the Letter
of Credit Agreement related thereto, together with such other documents and materials as may
be required pursuant to the terms thereof, and the terms of the proposed Letter of Credit
shall be reasonably satisfactory to Issuing Lender;

     (e) no order, judgment or decree of any court, arbitrator or Governmental
Authority shall purport by its terms to enjoin or restrain Issuing Lender from issuing the
Letter of Credit requested, or any Revolving Credit Lender from taking an assignment of its
Revolving Credit Percentage thereof pursuant to Section 3.6 hereof, and no law, rule,
regulation, request or directive having the force of law shall prohibit the Issuing Lender
from issuing, or any Revolving Credit Lender from taking an assignment of its Revolving Credit
Percentage of, the Letter of Credit requested or letters of credit generally;

     (f) there shall have been (i) no introduction of or change in the interpretation
of any law or regulation, (ii) no declaration of a general banking moratorium by banking
authorities in the United States, New York or the respective jurisdictions in which the
Revolving Credit Lenders, any Borrower and the beneficiary of the requested Letter of Credit
are located, and (iii) no establishment of any new restrictions by any central bank or other
governmental agency or authority on transactions involving letters of credit or on banks
generally that, in any case described in this clause (f), would make it unlawful or

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unduly burdensome for the Issuing Lender to issue or any Revolving Credit Lender to take
an assignment of its Revolving Credit Percentage of the requested Letter of Credit or letters
of credit generally;

     (g) if any Revolving Credit Lender is an Impaired Lender, the Issuing Lender has
entered into arrangements satisfactory to it to eliminate the Issuing Lender’s risk with
respect to the participation in Letters of Credit by all such Impaired Lenders, including,
without limitation, the creation of a cash collateral account or delivery of other security by
the Borrowers to assure payment of such Impaired Lender’s Revolving Credit Percentage of all
outstanding Letter of Credit Obligations; and

     (h) Issuing Lender shall have received the issuance fees required in connection
with the issuance of such Letter of Credit pursuant to Section 3.4 hereof.

Each Letter of Credit Agreement submitted to Issuing Lender pursuant hereto shall constitute the
certification by the Borrowers of the matters set forth in Section 5.2 hereof. The
Administrative Agent shall be entitled to rely on such certification without any duty of inquiry.

     3.3 Notice. The Issuing Lender shall deliver to the Administrative Agent,
concurrently with or promptly following its issuance of any Letter of Credit, a true and complete
copy of each Letter of Credit. Promptly upon its receipt thereof, the Administrative Agent shall
give notice, substantially in the form attached as Exhibit E, to each Revolving Credit
Lender of the issuance of each Letter of Credit, specifying the amount thereof and the amount of
such Revolving Credit Lender’s Revolving Credit Percentage thereof.

     3.4 Letter of Credit Fees; Increased Costs.

     (a) The Borrowers shall pay letter of credit fees as follows:

     (i) A per annum letter of credit fee with respect to the undrawn amount of
each Letter of Credit issued pursuant hereto (based on the amount of each Letter of
Credit) in the amount of the Applicable Fee Percentage (determined with reference to
Schedule 1.1 to this Agreement) shall be paid to the Administrative Agent for
distribution to the Revolving Credit Lenders in accordance with their Revolving Credit
Percentages.

     (ii) A letter of credit facing fee on the face amount of each Letter of
Credit shall be paid to the Administrative Agent for distribution to the Issuing Lender
for its own account, in accordance with the terms of the applicable Fee Letter.

     (b) All payments by the Borrowers to the Administrative Agent for distribution to
the Issuing Lender or the Revolving Credit Lenders under this Section 3.4 shall be
made in Dollars in immediately available funds at the Issuing Office or such other office of
the Administrative Agent as may be designated from time to time by written notice to the
Administrative Borrower by the Administrative Agent. The fees described in clauses
(a)(i) and (ii) above (i) shall be nonrefundable under all circumstances, (ii) in
the case of fees due under clause (a)(i) above, shall be payable

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semi-annually in advance and (iii) in the case of fees due under clause (a)(ii)
above, shall be annually in advance. The fees due under clause (a)(i) above shall be
determined by multiplying the Applicable Fee Percentage times the undrawn amount of the face
amount of each such Letter of Credit on the date of determination, and shall be calculated on
the basis of a 360 day year and assessed for the actual number of days from the date of the
issuance thereof to the stated expiration thereof. The parties hereto acknowledge that,
unless the Issuing Lender otherwise agrees, any material amendment and any extension to a
Letter of Credit issued hereunder shall be treated as a new Letter of Credit for the purposes
of the letter of credit facing fee.

     (c) If any change in any law or regulation or in the interpretation thereof by any
court or administrative or Governmental Authority charged with the administration thereof,
adopted after the date hereof, shall either (i) impose, modify or cause to be deemed
applicable any reserve, special deposit, limitation or similar requirement against letters of
credit issued or participated in by, or assets held by, or deposits in or for the account of,
Issuing Lender or any Revolving Credit Lender or (ii) impose on Issuing Lender or any
Revolving Credit Lender any other condition regarding this Agreement, the Letters of Credit or
any participations in such Letters of Credit, and the result of any event referred to in
clause (i) or (ii) above shall be to increase the cost or expense to Issuing
Lender or such Revolving Credit Lender of issuing or maintaining or participating in any of
the Letters of Credit (which increase in cost or expense shall be determined by the Issuing
Lender’s or such Revolving Credit Lender’s reasonable allocation of the aggregate of such cost
increases and expenses resulting from such events), then, upon demand by the Issuing Lender or
such Revolving Credit Lender, as the case may be, the Borrowers shall, within thirty (30) days
following demand for payment, pay to Issuing Lender or such Revolving Credit Lender, as the
case may be, from time to time as specified by the Issuing Lender or such Revolving Credit
Lender, additional amounts which shall be sufficient to compensate the Issuing Lender or such
Revolving Credit Lender for such increased cost and expense incurred by the Issuing Lender or
such Revolving Credit Lender (together with interest on each such amount from ten days after
the date such payment is due until payment in full thereof at the Base Rate), provided that if
the Issuing Lender or such Revolving Credit Lender could take any reasonable action, without
cost or administrative or other burden or restriction to such Lender, to mitigate or eliminate
such cost or expense, it agrees to do so within a reasonable time after becoming aware of the
foregoing matters. Each demand for payment under this Section 3.4(c) shall be
accompanied by a certificate of Issuing Lender or the applicable Revolving Credit Lender
setting forth the amount of such increased cost or expense incurred by the Issuing Lender or
such Revolving Credit Lender, as the case may be, as a result of any event mentioned in
clause (i) or (ii) above, and in reasonable detail, the methodology for
calculating and the calculation of such amount, which certificate shall be prepared in good
faith and shall be conclusive evidence, absent manifest error, as to the amount thereof.

     3.5 Other Fees. In connection with the Letters of Credit, and in addition to
the Letter of Credit Fees, the Borrowers jointly and severally agree to pay, for the sole account
of the Issuing Lender, standard documentation, administration, payment and cancellation charges
assessed by Issuing Lender or the Issuing Office, at the times, in the amounts and on the terms

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set forth or to be set forth from time to time in the standard fee schedule of the Issuing
Office in effect from time to time.

     3.6 Participation Interests in and Drawings and Demands for Payment Under Letters of
Credit.

     (a) Upon issuance by the Issuing Lender of each Letter of Credit hereunder (and on
the Effective Date with respect to each Existing Letter of Credit), each Revolving Credit
Lender shall automatically acquire a pro rata participation interest in such Letter of Credit
and each related Letter of Credit Payment based on its respective Revolving Credit Percentage.

     (b) If the Issuing Lender shall honor a draft or other demand for payment
presented or made under any Letter of Credit, the Borrowers agree to pay to the Issuing Lender
an amount equal to the amount paid by the Issuing Lender in respect of such draft or other
demand under such Letter of Credit and all reasonable expenses paid or incurred by the
Administrative Agent relative thereto not later than 1:00 p.m. (Detroit, Michigan time), in
Dollars, on (i) the Business Day that the Administrative Borrower received notice of such
presentment and honor, if such notice is received prior to 11:00 a.m. (Detroit, Michigan time)
or (ii) the Business Day immediately following the day that the Administrative Borrower
received such notice, if such notice is received after 11:00 a.m. (Detroit, Michigan time).

     (c) If the Issuing Lender shall honor a draft or other demand for payment
presented or made under any Letter of Credit, but the Borrowers do not reimburse the Issuing
Lender as required under clause (b) above and the Revolving Credit Aggregate
Commitment has not been terminated (whether by maturity, acceleration or otherwise), the
Borrowers shall be deemed to have immediately requested that the Revolving Credit Lenders make
a Base Rate Advance of the Revolving Credit (which Advance may be subsequently converted at
any time into a Eurodollar-based Advance pursuant to Section 2.3 hereof) in the
principal amount equal to the amount paid by the Issuing Lender in respect of such draft or
other demand under such Letter of Credit and all reasonable expenses paid or incurred by the
Administrative Agent relative thereto. The Administrative Agent will promptly notify the
Revolving Credit Lenders of such deemed request, and each such Lender shall make available to
the Administrative Agent an amount equal to its pro rata share (based on its Revolving Credit
Percentage) of the amount of such Advance.

     (d) If the Issuing Lender shall honor a draft or other demand for payment
presented or made under any Letter of Credit, but the Borrowers do not reimburse the Issuing
Lender as required under clause (b) above, and (i) the Revolving Credit Aggregate
Commitment has been terminated (whether by maturity, acceleration or otherwise), or (ii) any
reimbursement received by the Issuing Lender from the Borrowers is or must be returned or
rescinded upon or during any bankruptcy or reorganization of any Credit Party or otherwise,
then the Administrative Agent shall notify each Revolving Credit Lender, and each Revolving
Credit Lender will be obligated to pay the Administrative Agent for the account of the Issuing
Lender its pro rata share (based on its

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Revolving Credit Percentage) of the amount paid by the Issuing Lender in respect of such
draft or other demand under such Letter of Credit and all reasonable expenses paid or incurred
by the Administrative Agent relative thereto (but no such payment shall diminish the
obligations of the Borrowers hereunder). Upon receipt thereof, the Administrative Agent will
deliver to such Revolving Credit Lender a participation certificate evidencing its
participation interest in respect of such payment and expenses. To the extent that a
Revolving Credit Lender fails to make such amount available to the Administrative Agent by
11:00 am (Detroit, Michigan time) on the Business Day next succeeding the date such notice is
given, such Revolving Credit Lender shall pay interest on such amount in respect of each day
from the date such amount was required to be paid, to the date paid to the Administrative
Agent, at a rate per annum equal to the Federal Funds Effective Rate. The failure of any
Revolving Credit Lender to make its pro rata portion of any such amount available under to the
Administrative Agent shall not relieve any other Revolving Credit Lender of its obligation to
make available its pro rata portion of such amount, but no Revolving Credit Lender shall be
responsible for failure of any other Revolving Credit Lender to make such pro rata portion
available to the Administrative Agent.

     (e) In the case of any Advance made under this Section 3.6, each such
Advance shall be disbursed notwithstanding any failure to satisfy any conditions for
disbursement of any Advance set forth in Article 2 hereof or Article 5 hereof,
and, to the extent of the Advance so disbursed, the Reimbursement Obligation of the Borrowers
to the Administrative Agent under this Section 3.6 shall be deemed satisfied (unless,
in each case, taking into account any such deemed Advances, the aggregate outstanding
principal amount of Advances of the Revolving Credit and the Swing Line, plus the Letter of
Credit Obligations (other than the Reimbursement Obligations to be reimbursed by this Advance)
on such date exceed the then applicable Revolving Credit Aggregate Commitment).

     (f) If the Issuing Lender shall honor a draft or other demand for payment
presented or made under any Letter of Credit, the Issuing Lender shall provide notice thereof
to the Administrative Borrower on the date such draft or demand is honored, and to each
Revolving Credit Lender on such date unless the Borrowers shall have satisfied its
reimbursement obligations by payment to the Administrative Agent (for the benefit of the
Issuing Lender) as required under this Section 3.6. The Issuing Lender shall further
use reasonable efforts to provide notice to the Administrative Borrower prior to honoring any
such draft or other demand for payment, but such notice, or the failure to provide such
notice, shall not affect the rights or obligations of the Issuing Lender with respect to any
Letter of Credit or the rights and obligations of the parties hereto, including without
limitation the obligations of the Borrowers under this Section 3.6.

     (g) Notwithstanding the foregoing however, no Revolving Credit Lender shall be
deemed to have acquired a participation in a Letter of Credit if the officers of the Issuing
Lender immediately responsible for matters concerning this Agreement shall have received
written notice from the Administrative Agent or any Lender at least two (2) Business Days
prior to the date of the issuance or extension of such Letter of Credit or, with respect to
any Letter of Credit subject to automatic extension, at least five (5)

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Business Days prior to the date that the beneficiary under such Letter of Credit must be
notified that such Letter of Credit will not be renewed, that the issuance or extension of
Letters of Credit should be suspended based on the occurrence and continuance of a Default or
Event of Default and stating that such notice is a “notice of default”;
provided, however, that the Revolving Credit Lenders shall be deemed to have
acquired such a participation upon the date on which such Default or Event of Default has been
waived by the requisite Revolving Credit Lenders, as applicable.

     (h) Nothing in this Agreement shall be construed to require or authorize any
Revolving Credit Lender to issue any Letter of Credit, it being recognized that the Issuing
Lender shall be the sole issuer of Letters of Credit under this Agreement.

     (i) In the event that any Revolving Credit Lender becomes an Impaired Lender, the
Issuing Lender may, at its option, require that the Borrowers enter into arrangements
satisfactory to Issuing Lender to eliminate the Issuing Lender’s risk with respect to the
participation in Letters of Credit by such Impaired Lender, including creation of a cash
collateral account or delivery of other security to assure payment of such Impaired Lender’s
Revolving Credit Percentage of all outstanding Letter of Credit Obligations.

     3.7 Obligations Irrevocable. The obligations of the Borrowers to make payments
to the Administrative Agent for the account of Issuing Lender or the Revolving Credit Lenders with
respect to Letter of Credit Obligations under Section 3.6 hereof, shall be unconditional
and irrevocable and not subject to any qualification or exception whatsoever, including, without
limitation:

     (a) Any lack of validity or enforceability of any Letter of Credit, any Letter of
Credit Agreement, any other documentation relating to any Letter of Credit, this Agreement or
any of the other Loan Documents (the “Letter of Credit Documents”);

     (b) Any amendment, modification, waiver, consent, or any substitution, exchange or
release of or failure to perfect any interest in collateral or security, with respect to or
under any Letter of Credit Document;

     (c) The existence of any claim, setoff, defense or other right which any Borrower
may have at any time against any beneficiary or any transferee of any Letter of Credit (or any
persons or entities for whom any such beneficiary or any such transferee may be acting), the
Administrative Agent, the Issuing Lender or any Revolving Credit Lender or any other Person,
whether in connection with this Agreement, any of the Letter of Credit Documents, the
transactions contemplated herein or therein or any unrelated transactions;

     (d) Any draft or other statement or document presented under any Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any statement
therein being untrue or inaccurate in any respect;

     (e) Payment by the Issuing Lender to the beneficiary under any Letter of Credit
against presentation of documents which do not comply with the terms of such

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Letter of Credit, including failure of any documents to bear any reference or adequate
reference to such Letter of Credit;

     (f) Any failure, omission, delay or lack on the part of the Administrative Agent,
Issuing Lender or any Revolving Credit Lender or any party to any of the Letter of Credit
Documents or any other Loan Document to enforce, assert or exercise any right, power or remedy
conferred upon the Administrative Agent, Issuing Lender, any Revolving Credit Lender or any
such party under this Agreement, any of the other Loan Documents or any of the Letter of
Credit Documents, or any other acts or omissions on the part of the Administrative Agent,
Issuing Lender, any Revolving Credit Lender or any such party; or

     (g) Any other event or circumstance that would, in the absence of this Section
3.7, result in the release or discharge by operation of law or otherwise of any Borrower
from the performance or observance of any obligation, covenant or agreement contained in
Section 3.6 hereof.

No setoff, counterclaim, reduction or diminution of any obligation or any defense of any kind or
nature which any Borrower has or may have against the beneficiary of any Letter of Credit shall be
available hereunder to such Borrower against the Administrative Agent, Issuing Lender or any
Revolving Credit Lender. With respect to any Letter of Credit, nothing contained in this
Section 3.7 shall be deemed to prevent any Borrower, after satisfaction in full of the
absolute and unconditional obligations of the Borrowers hereunder with respect to such Letter of
Credit, from asserting in a separate action any claim, defense, set off or other right which they
(or any of them) may have against the Administrative Agent, Issuing Lender or any Revolving Credit
Lender in connection with such Letter of Credit.

     3.8 Risk Under Letters of Credit.

     (a) In the administration and handling of Letters of Credit and any security
therefor, or any documents or instruments given in connection therewith, Issuing Lender shall
have the sole right to take or refrain from taking any and all actions under or upon the
Letters of Credit.

     (b) Subject to other terms and conditions of this Agreement, Issuing Lender shall
issue the Letters of Credit and shall hold the documents related thereto in its own name and
shall make all collections thereunder and otherwise administer the Letters of Credit in
accordance with Issuing Lender’s regularly established practices and procedures and will have
no further obligation with respect thereto. In the administration of Letters of Credit,
Issuing Lender shall not be liable for any action taken or omitted on the advice of counsel,
accountants, appraisers or other experts selected by Issuing Lender with due care and Issuing
Lender may rely upon any notice, communication, certificate or other statement from any
Borrower, beneficiaries of Letters of Credit, or any other Person which Issuing Lender
believes to be authentic. Issuing Lender will, upon request, furnish the Revolving Credit
Lenders with copies of Letter of Credit Documents related thereto.

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     (c) In connection with the issuance and administration of Letters of Credit and
the assignments hereunder, Issuing Lender makes no representation and shall have no
responsibility with respect to (i) the obligations of the Borrowers or the validity,
sufficiency or enforceability of any document or instrument given in connection therewith, or
the taking of any action with respect to same, (ii) the financial condition of, any
representations made by, or any act or omission of any Borrower or any other Person, or (iii)
any failure or delay in exercising any rights or powers possessed by Issuing Lender in its
capacity as issuer of Letters of Credit in the absence of its gross negligence or willful
misconduct. Each of the Revolving Credit Lenders expressly acknowledges that it has made and
will continue to make its own evaluations of the Borrowers’ creditworthiness without reliance
on any representation of Issuing Lender or Issuing Lender’s officers, agents and employees.

     (d) If at any time Issuing Lender shall recover any part of any unreimbursed
amount for any draw or other demand for payment under a Letter of Credit, or any interest
thereon, the Administrative Agent or Issuing Lender, as the case may be, shall receive same
for the pro rata benefit of the Revolving Credit Lenders in accordance with their respective
Revolving Credit Percentages and shall promptly deliver to each Revolving Credit Lender its
share thereof, less such Revolving Credit Lender’s pro rata share of the costs of such
recovery, including court costs and attorney’s fees. If at any time any Revolving Credit
Lender shall receive from any source whatsoever any payment on any such unreimbursed amount or
interest thereon in excess of such Revolving Credit Lender’s Revolving Credit Percentage of
such payment, such Revolving Credit Lender will promptly pay over such excess to the
Administrative Agent, for redistribution in accordance with this Agreement.

     3.9 Indemnification. The Borrowers hereby, jointly and severally, indemnify and
agree to hold harmless the Revolving Credit Lenders, the Issuing Lender and the Administrative
Agent and their respective Affiliates, and the respective officers, directors, employees and agents
of such Persons (each an “L/C Indemnified Person”), from and against any and all claims,
damages, losses, liabilities, costs or expenses of any kind or nature whatsoever which the
Revolving Credit Lenders, the Issuing Lender or the Administrative Agent or any such Person may
incur or which may be claimed against any of them by reason of or in connection with any Letter of
Credit (collectively, the “L/C Indemnified Amounts”), and none of the L/C Indemnified
Persons shall be liable or responsible for:

     (a) the use which may be made of any Letter of Credit or for any acts or omissions
of any beneficiary in connection therewith;

     (b) the validity, sufficiency or genuineness of documents or of any endorsement
thereon, even if such documents should in fact prove to be in any or all respects invalid,
insufficient, fraudulent or forged;

     (c) payment by the Issuing Lender to the beneficiary under any Letter of Credit
against presentation of documents which do not strictly comply with the terms of any Letter of
Credit (unless such payment resulted from the gross negligence or willful

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misconduct of the Issuing Lender), including failure of any documents to bear any
reference or adequate reference to such Letter of Credit;

     (d) any error, omission, interruption or delay in transmission, dispatch or
delivery of any message or advice, however transmitted, in connection with any Letter of
Credit; or

     (e) any other event or circumstance whatsoever arising in connection with any
Letter of Credit.

It is understood that in making any payment under a Letter of Credit the Issuing Lender will rely
on documents presented to it under such Letter of Credit as to any and all matters set forth
therein without further investigation and regardless of any notice or information to the contrary.

With respect to subparagraphs (a) through (e) hereof, (i) the Borrowers shall be
required to indemnify any L/C Indemnified Person for any L/C Indemnified Amounts to the extent such
amounts result from the gross negligence or willful misconduct of such L/C Indemnified Person or
any officer, director, employee or agent of such L/C Indemnified Person and (ii) the Administrative
Agent and the Issuing Lender shall be liable to the Borrowers to the extent, but only to the
extent, of any direct, as opposed to consequential or incidental, damages suffered by any Borrower
which were caused by the gross negligence or willful misconduct of any L/C Indemnified Person or by
the Issuing Lender’s wrongful dishonor of any Letter of Credit after the presentation to it by the
beneficiary thereunder of a draft or other demand for payment and other documentation strictly
complying with the terms and conditions of such Letter of Credit.

     3.10 Right of Reimbursement. Each Revolving Credit Lender agrees to reimburse the
Issuing Lender on demand, pro rata in accordance with its respective Revolving Credit Percentage,
for (i) the reasonable costs and expenses of the Issuing Lender to be reimbursed by the Borrowers
pursuant to any Letter of Credit Agreement or any Letter of Credit, to the extent not reimbursed by
the Borrowers or any other Credit Party and (ii) any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, fees, reasonable expenses or disbursements of
any kind and nature whatsoever which may be imposed on, incurred by or asserted against Issuing
Lender in any way relating to or arising out of this Agreement (including Section 3.6(c)
hereof), any Letter of Credit, any documentation or any transaction relating thereto, or any Letter
of Credit Agreement, to the extent not reimbursed by the Borrowers, except to the extent that such
liabilities, losses, costs or expenses were incurred by Issuing Lender as a result of Issuing
Lender’s gross negligence or willful misconduct or by the Issuing Lender’s wrongful dishonor of any
Letter of Credit after the presentation to it by the beneficiary thereunder of a draft or other
demand for payment and other documentation strictly complying with the terms and conditions of such
Letter of Credit.

4. TERM LOAN.

     4.1 Term Loan. Subject to the terms and conditions hereof, each Term Loan
Lender, severally and for itself alone, agrees to lend to the Borrowers, in a single disbursement
in Dollars on the Effective Date an amount equal to such Lender’s Term Loan Percentage of the Term
Loan.

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     4.2 Accrual of Interest and Maturity; Evidence of Indebtedness.

     (a) (i) The Borrowers hereby unconditionally promise to pay to the Administrative
Agent for the account of each Term Loan Lender such Lender’s Term Loan Percentage of the then
unpaid aggregate principal amount of the Term Loan outstanding on the Term Loan Maturity Date
and on such other dates and in such other amounts as may be required from time to time
pursuant to this Agreement. Subject to the terms and conditions hereof, the unpaid principal
Indebtedness outstanding under the Term Loan shall, from the Effective Date (until paid), bear
interest at the Applicable Interest Rate. There shall be no readvance or reborrowings of any
principal reductions of the Term Loan.

     (b) Each Term Loan Lender shall maintain in accordance with its usual practice an
account or accounts evidencing indebtedness of the Borrowers to the appropriate lending office
of such Term Loan Lender resulting from each Advance of the Term Loan made by such lending
office of such Lender from time to time, including the amounts of principal and interest
payable thereon and paid to such Term Loan Lender from time to time under this Agreement.

     (c) The Administrative Agent shall maintain the Register pursuant to Section
13.8(g), and a subaccount therein for each Term Loan Lender, in which Register and
subaccounts (taken together) shall be recorded (i) the amount of each Advance of the Term Loan
made hereunder, the type thereof and each Eurodollar-Interest Period applicable to any
Eurodollar-based Advance, (ii) the amount of any principal or interest due and payable or to
become due and payable from the Borrowers to each Term Loan Lender hereunder in respect of the
Advances of the Term Loan and (iii) both the amount of any sum received by the Administrative
Agent hereunder from the Borrowers in respect of the Advances of the Term Loan and each Term
Loan Lender’s share thereof.

     (d) The entries made in the Register pursuant to paragraph (c) of this
Section 4.2 shall, absent manifest error, to the extent permitted by applicable law,
be prima facie evidence of the existence and amounts of the obligations of the Borrowers
therein recorded; provided, however, that the failure of any Term Loan Lender
or the Administrative Agent to maintain the Register or any such account, as applicable, or
any error therein, shall not in any manner affect the obligation of the Borrowers to repay the
Advances of the Term Loan (and all other amounts owing with respect thereto) made to the
Borrowers by the Term Loan Lenders in accordance with the terms of this Agreement.

     (e) The Borrowers agree that, upon written request to the Administrative Agent by
any Term Loan Lender, the Borrowers will execute and deliver to such Term Loan Lender, at the
Borrowers’ expense, a Term Loan Note evidencing the outstanding Advances under the Term Loan
owing to such Term Loan Lender.

     4.3 Repayment of Principal.

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     (a) The Borrowers shall repay the Term Loan as set forth below, each such
quarterly principal installment to be paid on the first day of each February, May, August and
November, commencing on February 1, 2010, until the Term Loan Maturity Date, when all
remaining outstanding principal plus accrued interest thereon shall be due and payable in
full:

	 	 	 	 	 
	 	 	Payment (to be
	 	 	made on each
	Period	 	stated date)
	February 1, 2010
	 	$	1,250,000	 
	May 1, 2010
	 	$	1,250,000	 
	August 1, 2010
	 	$	1,250,000	 
	November 1, 2010
	 	$	1,250,000	 
	February 1, 2011
	 	$	1,500,000	 
	May 1, 2011
	 	$	1,500,000	 
	August 1, 2011
	 	$	1,500,000	 
	November 1, 2011
	 	$	1,500,000	 
	February 1, 2012
	 	$	2,500,000	 
	May 1, 2012
	 	$	2,500,000	 
	August 1, 2012
	 	$	2,500,000	 
	Term Loan Maturity Date
	 	Any amounts of principal or interest then outstanding on the Term Loan

     (b) Whenever any payment under this Section 4.3 shall become due on a day
that is not a Business Day, the date for payment thereunder shall be extended to the next
Business Day.

     4.4 Term Loan Rate Requests; Refundings and Conversions of Advances of Term
Loan. The Administrative Borrower may refund all or any portion of any Advance of the Term
Loan as a Term Loan Advance with a like Eurodollar-Interest Period or convert each such Advance of
the Term Loan to an Advance with a different Eurodollar-Interest Period, but only after delivery to
the Administrative Agent of a Term Loan Rate Request executed in connection with the Term Loan by
an Authorized Signer and subject to the terms hereof and to the following:

     (a) each Term Loan Rate Request shall set forth the information required on the
Term Loan Rate Request form with respect to the Term Loan, including without limitation:

     (i) whether the Term Loan Advance is a refunding or conversion of an
outstanding Term Loan Advance;

     (ii) in the case of a refunding or conversion of an outstanding Term Loan
Advance, the proposed date of such refunding or conversion, which must be a Business
Day; and

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     (iii) whether such Term Loan Advance (or any portion thereof) is to be a Base
Rate Advance or a Eurodollar-based Advance, and, in the case of a Eurodollar-based
Advance, the Eurodollar-Interest Period(s) applicable thereto.

     (b) each such Term Loan Rate Request shall be delivered to the Administrative
Agent (i) by 1:00 p.m. (Detroit time) three (3) Business Days prior to the proposed date of
the refunding or conversion of a Eurodollar-based Advance or (ii) by 1:00 p.m. on the proposed
date of the refunding or conversion of a Base Rate Advance;

     (c) the principal amount of such Advance of the Term Loan plus the amount of any
other Advance of the Term Loan to be then combined therewith having the same Applicable
Interest Rate and Eurodollar-Interest Period, if any, shall be (i) in the case of a Base Rate
Advance, at least One Million Dollars ($1,000,000), or the remaining principal balance
outstanding under the Term Loan, whichever is less, and (ii) in the case of a Eurodollar-based
Advance, at least One Million Dollars ($1,000,000) or the remaining principal balance
outstanding under the Term Loan, whichever is less, or in each case a larger integral multiple
of One Hundred Thousand Dollars ($100,000);

     (d) no Term Loan Advance shall have a Eurodollar-Interest Period ending after the
Term Loan Maturity Date, and, notwithstanding any provision hereof to the contrary, the
Administrative Borrower shall select Eurodollar-Interest Periods (or the Base Rate) for
sufficient portions of the Term Loan such that the Borrowers may make the required principal
payments hereunder on a timely basis and otherwise in accordance with Section 4.5
below;

     (e) at no time shall there be no more than five (5) Eurodollar-Interest Periods in
effect for Advances of the Term Loan; and

     (f) a Term Loan Rate Request, once delivered to the Administrative Agent, shall
not be revocable by the Borrowers.

     4.5 Base Rate Advance in Absence of Election or Upon Default. In the event the
Administrative Borrower shall fail with respect to any Eurodollar-based Advance of the Term Loan to
timely exercise their option to refund or convert such Advance in accordance with Section
4.4 hereof (and such Advance has not been paid in full on the last day of the
Eurodollar-Interest Period applicable thereto according to the terms hereof), or, if on the last
day of the applicable Eurodollar-Interest Period, a Default or Event of Default shall exist, then,
on the last day of the applicable Eurodollar-Interest Period, the principal amount of such Advance
which has not been prepaid shall be automatically converted to a Base Rate Advance and the
Administrative Agent shall thereafter promptly notify the Administrative Borrower thereof. All
accrued and unpaid interest on any Advance converted to a Base Rate Advance under this Section
4.5 shall be due and payable in full on the date such Advance is converted.

     4.6 Interest Payments; Default Interest.

     (a) Interest on the unpaid principal of all Base Rate Advances of the Term Loan
from time to time outstanding shall accrue until paid at a per annum interest rate equal to
the Base Rate, and shall be payable in immediately available funds quarterly in

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arrears commencing on February 1, 2010, and on the first day of each February, May,
August and November thereafter (in respect of the preceding three months or any portion
thereof). Whenever any payment under this Section 4.6 shall become due on a day that
is not a Business Day, the date for payment shall be extended to the next Business Day.
Interest accruing at the Base Rate shall be computed on the basis of a 360 day year and
assessed for the actual number of days elapsed, and in such computation effect shall be given
to any change in the interest rate resulting from a change in the Base Rate on the date of
such change in the Base Rate.

     (b) Interest on the unpaid principal of each Eurodollar-based Advance of the Term
Loan having a related Eurodollar-Interest Period of three (3) months or less shall accrue at
its applicable Eurodollar-based Rate and shall be payable in immediately available funds on
the last day of the Eurodollar-Interest Period applicable thereto. Interest shall be payable
in immediately available funds on each Eurodollar-based Advance of the Term Loan outstanding
from time to time having a Eurodollar-Interest Period of six (6) months or longer, at
intervals of three (3) months after the first day of the applicable Eurodollar-Interest
Period, and shall also be payable on the last day of the Eurodollar-Interest Period applicable
thereto. Interest accruing at the Eurodollar-based Rate shall be computed on the basis of a
360-day year and assessed for the actual number of days elapsed from the first day of the
Eurodollar-Interest Period applicable thereto to, but not including, the last day thereof.

     (c) Notwithstanding anything to the contrary in Section 4.6(a) or
(b) hereof, all accrued and unpaid interest on any Term Loan Advance refunded or
converted pursuant to Section 4.4 hereof shall be due and payable in full on the date
such Term Loan Advance is refunded or converted.

     (d) In the case of any Event of Default under Section 9.1(i), immediately
upon the occurrence thereof, and in the case of any other Event of Default, upon notice from
the Majority Term Loan Lenders interest shall be payable on demand on the principal amount of
all Advances of the Term Loan from time to time outstanding, at a per annum rate equal to the
Applicable Interest Rate in respect of each such Advance, plus, in the case of
Eurodollar-based Advances, two percent (2%) for the remainder of the then existing
Eurodollar-Interest Period, if any, and at all other such times and for all Base Rate
Advances, at a per annum rate equal to the Base Rate plus two percent (2%).

     4.7 Optional Prepayment of the Term Loan.

     (a) Subject to clause (b) hereof, the Borrowers (at their option), may
prepay all or any portion of the outstanding principal of any Term Loan Advance bearing
interest at the Base Rate at any time, and may prepay all or any portion of the outstanding
principal of any Term Loan bearing interest at the Eurodollar-based Rate upon one (1) Business
Day’s notice to the Administrative Agent by wire, telecopy or by telephone (confirmed by wire
or telecopy), with accrued interest on the principal being prepaid to the date of such
prepayment. Any prepayment of a portion of the Term Loan as to which the Applicable Interest
Rate is the Base Rate shall be without premium or penalty and any prepayment of a portion of
the Term Loan as to which the Applicable Interest Rate is

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the Eurodollar-based Rate shall be without premium or penalty, except to the extent set
forth in Section 11.1.

     (b) Each partial prepayment of the Term Loan shall be applied to all installments
of the Term Loan due thereunder in the inverse order of maturity to all such principal
payments as follows: first to that portion of the Term Loan outstanding as a Base Rate
Advance, second to that portion of the Term Loan outstanding as Eurodollar-based Advances
which have Eurodollar-Interest Periods ending on the date of payment, and last to any
remaining Advances of the Term Loan being carried at the Eurodollar-based Rate.

     (c) All prepayments of the Term Loan shall be made to the Administrative Agent for
distribution ratably to the Term Loan Lenders in accordance with their respective Term Loan
Percentages.

     4.8 Mandatory Prepayment of Term Loan.

     (a) Subject to clauses (c) and (d) hereof, immediately upon
receipt by any Credit Party of any Net Cash Proceeds from any Asset Sales, which are not
Reinvested as described in the following sentence, the Borrowers shall prepay the Term Loan by
an amount equal to one hundred percent (100%) of such Net Cash Proceeds to the extent the Net
Cash Proceeds from Asset Sales exceed $2,000,000 in the aggregate in the calendar year in
which such prepayment is to be made or $5,000,000 in the aggregate during the term of this
Agreement, provided, however, that the Borrowers shall not be obligated to
prepay the Term Loan with such Net Cash Proceeds if the following conditions are satisfied:
(i) promptly following the sale, the Administrative Borrower provides to the Administrative
Agent a certificate executed by a Responsible Officer of the Administrative Borrower
(“Reinvestment Certificate”) stating (x) that the sale has occurred, (y) that no
Default or Event of Default has occurred and is continuing either as of the date of the sale
or as of the date of the Reinvestment Certificate, and (z) a description of the planned
Reinvestment of the proceeds thereof, (ii) the Reinvestment of such Net Cash Proceeds is
commenced within the Initial Reinvestment Period and completed within the Reinvestment Period,
and (iii) no Default or Event of Default has occurred and is continuing at the time of the
sale and at the time of the application of such proceeds to Reinvestment. If any such
proceeds have not been Reinvested at the end of the Reinvestment Period, the Borrowers shall
promptly pay such proceeds to the Administrative Agent, to be applied to repay the Term Loan
in accordance with clauses (c) and (d) hereof.

     (b) Subject to clauses (c) and (d) hereof, immediately upon
receipt by any Credit Party of Net Cash Proceeds from the issuance of any Equity Interests of
such Person (other than Equity Interests under any stock option or employee incentive plans
listed on Schedule 7.13 hereto (or any successor plans) after the Effective Date, to
the extent such Equity Interests are issued for the purpose of curing an Event of Default
hereunder, as determined by the Administrative Agent in its reasonable discretion, the
Borrowers shall prepay the Term Loan by an amount equal to fifty percent (50%) of such Net
Cash Proceeds.

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     (c) Subject to clause (d) hereof, each mandatory prepayment under this
Section 4.8 or any other mandatory or optional prepayment under this Agreement shall
be in addition to any scheduled installments or optional prepayments made prior thereto and
shall be subject to Section 11.1. Each mandatory prepayment of the Term Loan shall be
applied to installments of principal on the Term Loan in the inverse order of maturity.

     (d) To the extent that, on the date any mandatory prepayment of the Term Loan
under this Section 4.8 is due, the Indebtedness under the Term Loan or any other
Indebtedness to be prepaid is being carried, in whole or in part, at the Eurodollar-based Rate
and no Default or Event of Default has occurred and is continuing, the Borrowers may deposit
the amount of such mandatory prepayment in a cash collateral account to be held by the
Administrative Agent, for and on behalf of the Lenders (which shall be an interest-bearing
account), on such terms and conditions as are reasonably acceptable to the Administrative
Agent and upon such deposit, the obligation of each Borrower to make such mandatory prepayment
shall be deemed satisfied. Subject to the terms and conditions of said cash collateral
account, sums on deposit in said cash collateral account shall be applied (until exhausted) to
reduce the principal balance of the Term Loan on the last day of each Eurodollar-Interest
Period attributable to the Eurodollar-based Advances of the Term Loan, thereby avoiding
breakage costs under Section 11.1.

     4.9 Use of Proceeds. Proceeds of the Term Loan shall be used by the Borrowers
to finance the Acquisition.

     4.10 Term Loan Facility Fee. From the Closing Date to the Term Loan Maturity
Date, the Borrowers jointly and severally agree to pay to the Administrative Agent for distribution
to the financial institutions from time to time parties hereto as lenders of the Term Loan (the
“Term Loan Lenders”) pro-rata in accordance with their respective Term Loan Percentages, a Term
Loan Facility Fee in arrears from the Closing Date through the earlier of December 10, 2009, and
the Effective Date, in advance commencing on the Effective Date for the period from the Effective
Date through February 1, 2010, and in advance on the first day of each February, May, August and
November thereafter (in respect of the following three months or any portion thereof). The Term
Loan Facility Fee payable to each Term Loan Lender shall be determined by multiplying the
Applicable Fee Percentage times the aggregate principal amount of the Term Loan to be made to the
Borrowers by the Term Loan Lenders pursuant to Section 4.1 hereof. The Term Loan Facility
Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the
actual number of days elapsed. Whenever any payment of the Term Loan Facility Fee shall be due on
a day which is not a Business Day, the date for payment thereof shall be extended to the next
Business Day. Upon receipt of such payment, the Administrative Agent shall make prompt payment to
each Term Loan Lender of its share of the Term Loan Facility Fee based upon its respective Term
Loan Percentage. It is expressly understood that the Term Loan Facility Fees described in this
Section are not refundable.

5. CONDITIONS.

     The obligations of the Lenders to make Advances or loans pursuant to this Agreement and the
obligation of the Issuing Lender to issue Letters of Credit are subject to the following
conditions:

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     5.1 Conditions of Initial Advances. The obligations of the Lenders to make
initial Advances or loans pursuant to this Agreement and the obligation of the Issuing Lender to
issue initial Letters of Credit, in each case, on the Effective Date only, are subject to the
following conditions:

     (a) Notes, this Agreement and the other Loan Documents. The Borrowers
shall have executed and delivered to the Administrative Agent for the account of each Lender
requesting Notes, the Swing Line Note and the Revolving Credit Notes; the Borrowers shall have
executed and delivered this Agreement, and, to the extent any Person becomes a Material
Subsidiary after the date of this Agreement and before the initial Advance hereunder, a
Joinder; and each Credit Party shall have executed and delivered the other Loan Documents to
which such Credit Party is required to be a party (including all schedules and other documents
to be delivered pursuant hereto); and such Notes (if any), this Agreement and the other Loan
Documents shall be in full force and effect. Notwithstanding the foregoing, however, Bamagas
shall not be required to execute and deliver a Joinder or any other Loan Document required to
be executed and delivered under this Section 5.1 to the extent the consent required to
execute and deliver such documents and to perform its obligations thereunder from Calpine
Energy Services, L.P. (the “Consent”) has not been obtained.

     (b) Authority. Subject to the last sentence of Section 5.1(a)
hereof, the Administrative Agent shall have received (i) such certificates of resolutions or
other action, incumbency certificates and/or other certificates of a Responsible Officer of
each Credit Party as the Administrative Agent may reasonably require evidencing the identity,
authority and capacity of each Responsible Officer thereof authorized to act as a Responsible
Officer in connection with the Loan Documents to which such Credit Party is a party, (ii) such
documents and certificates certified by the appropriate Governmental Authority as of a recent
date before the date of this Agreement as the Administrative Agent may require evidencing that
each Credit Party is duly organized or formed, validly existing, in good standing and, in the
case of each Credit Party, qualified to engage in business in each jurisdiction where its
ownership, lease or operation of properties or the conduct of its business requires such
qualification, except to the extent that failure to do so would not reasonably be expected to
have a Material Adverse Effect and (iii) copies of each organizational or other governing
document of each Credit Party certified by a Responsible Officer of such Credit Party and,
with respect the articles of organization or formation of each Credit Party, certified by the
appropriate Governmental Authority as of a recent date before the date of this Agreement.

     (c) Collateral Documents, Guaranties and other Loan Documents. Subject to
the last sentence of Section 5.1(a) hereof, the Administrative Agent shall have
received the following documents, each in form and substance satisfactory to the
Administrative Agent and fully executed by each party thereto:

     (i) The Collateral Documents, each in form and substance reasonably
acceptable to the Administrative Agent and fully executed by each party thereto and
dated as of the Effective Date, including:

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     (A) the Security Agreement, executed and delivered by the Credit
Parties;

     (B) the Guaranty, executed and delivered by the Guarantors;

     (C) the Collateral Assignment executed and delivered by one or more of
the Borrowers; and

     (D) Mortgages covering the Acquisition Properties together with the
related documentation specified in Schedule 5.1(c)(i)(D).

     (ii) The Administrative Agent shall be satisfied that at least eighty
percent (80%) of the total value of all Pipeline Systems and other Real Property of the
Borrowers and their Subsidiaries are encumbered by the Collateral Documents.

     (iii) Certified copies of uniform commercial code requests for information,
or a similar search report certified by a party acceptable to the Administrative Agent,
dated a date reasonably prior to the Effective Date, listing all effective financing
statements in the jurisdictions noted on Schedule 5.1(c)(iii) which name any
Credit Party (under their present names or under any previous names used within five (5)
years prior to the date hereof) as debtors, together with (x) copies of such financing
statements, and (y) authorized Uniform Commercial Code (Form UCC-3) Termination
Statements, if any, necessary to release all Liens and other rights of any Person in any
Collateral described in the Collateral Documents previously granted by any Person (other
than Liens permitted by Section 8.2 of this Agreement).

     (iv) Any documents (including, without limitation, financing statements,
amendments to financing statements and assignments of financing statements, stock powers
executed in blank and any endorsements) requested by the Administrative Agent and
reasonably required to be provided in connection with the Collateral Documents to
create, in favor of the Administrative Agent (for and on behalf of the Lenders), a first
priority perfected security interest in the Collateral thereunder shall have been filed,
registered or recorded, or shall have been delivered to the Administrative Agent in
proper form for filing, registration or recordation.

     (d) Equity. On or before the Effective Date, the Administrative Agent
shall have received evidence satisfactory to it that the holders of the Equity Interests of
the Administrative Borrower shall have contributed (directly or indirectly) to their equity
capital in an aggregate amount of not less than $93,000,000; such contribution being made in a
manner and on terms reasonably acceptable to the Administrative Agent and the Lenders.

     (e) Insurance. The Administrative Agent shall have received evidence
reasonably satisfactory to it and its insurance consultant that the Credit Parties have
obtained the insurance policies required by Section 7.5 hereof and required by any of
the

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other Loan Documents, including, without limitation, with respect to all material
processing plants as requested by the Administrative Agent, and that such insurance policies
are in full force and effect.

     (f) Compliance with Certain Documents and Agreements. Subject to the
last sentence of Section 5.1(a) hereof, each Credit Party shall have each performed
and complied in all material respects with all agreements and conditions contained in this
Agreement and the other Loan Documents, to the extent required to be performed or complied
with by such Credit Party. No Person (other than the Administrative Agent, Lenders and
Issuing Lender) party to this Agreement or any other Loan Document shall be in material
default in the performance or compliance with any of the terms or provisions of this Agreement
or the other Loan Documents or shall be in material default in the performance or compliance
with any of the material terms or material provisions of, in each case to which such Person is
a party.

     (g) Opinions of Counsel. The Credit Parties shall furnish the
Administrative Agent prior to the Effective Date, with signed copies for each Lender, opinions
of counsel to the Credit Parties, including opinions of local counsel to the extent deemed
reasonably necessary by the Administrative Agent, in each case dated the Effective Date and
covering such matters as reasonably required by and otherwise reasonably satisfactory in form
and substance to the Administrative Agent and each of the Lenders.

     (h) Payment of Fees. The Borrowers shall have paid to Comerica Bank any
fees due under the terms of the Fee Letter, along with any other fees, costs or expenses due
and outstanding to the Administrative Agent or the Lenders as of the Effective Date (including
reasonable, disbursements and other charges of counsel to the Administrative Agent).

     (i) Pro Forma Balance Sheet. The Borrowers shall have delivered to the
Administrative Agent, in form and substance satisfactory to the Administrative Agent, the Pro
Forma Balance Sheet.

     (j) Material Contracts. The Administrative Agent shall have been
provided with access to electronic copies of all Material Contracts described on Schedule
6.18 hereof.

     (k) Management Agreement and Employment Agreements. The Administrative
Agent shall have received copies of the Advisory Services Agreement and all employment
agreements of the Borrowers and their Subsidiaries which shall remain in effect following the
Effective Date.

     (l) Closing Certificate. The Administrative Agent shall have received a
certificate of a Responsible Officer of the Administrative Borrower dated the Effective Date
(or, if different, the date of the initial Advance hereunder), stating that to the best of his
or her respective knowledge after due inquiry, (a) the conditions set forth in this
Section 5.1 have been satisfied to the extent required to be satisfied by any Credit
Party; (b) the representations and warranties made by the Credit Parties in this Agreement or

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any of the other Loan Documents, as applicable, are true and correct in all material
respects; (c) no Default or Event of Default shall have occurred and be continuing; (d) since
June 30, 2009, nothing shall have occurred which has had, or could reasonably be expected to
have, a material adverse change on the business, results of operations, conditions, property
or prospects (financial or otherwise) of any Borrower or any other Credit Party; (e) there
shall have been no material adverse change to the Pro Forma Balance Sheet; and (f) there shall
have been no material adverse change in each Borrower’s ability to perform its obligations
under the Acquisition Documents or otherwise in connection with the Acquisition.

     (m) Acquisition.

     (i) Funds have been escrowed pursuant to the provisions of the Acquisition
Documents to protect against certain litigation more particularly described in the
Acquisition Documents. The Administrative Borrower hereby grants the Administrative
Agent for the ratable benefit of the Lenders a security interest in all of the
Administrative Borrower’s right, title and interest in and to the funds escrowed
pursuant to the Acquisition Documents.

     (ii) The Administrative Agent and the Lenders shall have received (A) a
certificate of a Responsible Officer of the Administrative Borrower certifying: (I)
that the Administrative Borrower is concurrently consummating the Acquisition in
accordance with the terms of the Acquisition Documents (with all of the material
conditions precedent thereto having been satisfied in all material respects by the
parties thereto) and acquiring substantially all of the Acquisition Properties
contemplated by the Acquisition Documents; (II) as to the final purchase price for the
Acquisition Properties after giving effect to all adjustments as of the closing date
contemplated by the Acquisition Documents and specifying, by category, the amount of
such adjustment; (III) that attached thereto is a true and complete list of the
Acquisition Properties which have been excluded from the Acquisition pursuant to the
terms of the Acquisition Documents, specifying with respect thereto the basis of
exclusion as (1) title defect, (2) preferential purchase right, (3) environmental or (4)
casualty loss; (IV) that attached thereto is a true and complete list of all Acquisition
Properties for which the Seller has elected to cure a title defect; (V) that attached
thereto is a true and complete list of all Acquisition Properties for which the Seller
has elected to remediate an adverse environmental condition; and (VI) that attached
thereto is a true and complete list of all Acquisition Properties which are currently
pending final decision by a third party regarding purchase of such property in
accordance with any preferential right; (B) a true and complete executed copy of each of
the Acquisition Documents in reasonable form and substance satisfactory to the
Administrative Agent and the Lenders; (C) original counterparts or copies, certified as
true and complete, of the assignments, deeds and leases for all of the Acquisition
Properties; and (D) such other related documents and information as the Administrative
Agent shall have reasonably requested.

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     (iii) The Administrative Agent and the Lenders shall have received evidence
satisfactory to it that all Liens on the Acquisition Properties associated with any
credit facilities and Funded Debt have been released or terminated and that arrangements
satisfactory to the Administrative Agent have been made for recording and filing of such
releases.

     (n) Environmental Due Diligence, etc.. The Administrative Agent and the
Lenders shall have received, in each case in form and substance satisfactory to the
Administrative Agent, (i) a Phase I Environmental Assessment prepared by R.W. Beck covering
the “Bazor Ridge” facility and (ii) a reliance letter from R.W. Beck with respect to such
Phase I Environmental Assessment. The Seller shall have indemnified the Borrowers and their
Subsidiaries with respect to the environmental conditions present at the “Harmony” plant
located approximately 7 miles southwest of Quitman, Clarke County, Mississippi pursuant to and
to the extent provided in the Purchase and Sale Agreement.

     (o) Remaining Availability. After giving effect to the Revolving Credit
Advances made to fund the Acquisition, the Borrowers shall have Unused Revolving Credit
Availability of at least $10,000,000.

     (p) Funding Limitation. Notwithstanding anything to the contrary
contained in this Agreement or in any other Loan Document, the Administrative Agent, the
Issuing Lender and the Lenders shall not be obligated to make initial Advances or issue
Letters of Credit on the Effective Date in excess of an amount equal to the product of (a)
three (3) times (b) $24,764,000, being the Consolidated EBITDA as of June 30, 2009, on a
trailing twelve (12) month basis, as reflected in the PricewaterhouseCoopers letter dated as
of August 21, 2009.

     (q) Termination. A Revolving Credit Advance and a Term Loan Advance to
fund the Acquisition shall occur on or before December 10, 2009.

     5.2 Continuing Conditions. The obligations of each Lender to make Advances
(including the initial Advance) under this Agreement and the obligation of the Issuing Lender to
issue any Letters of Credit shall be subject to the continuing conditions that:

     (a) No Default or Event of Default shall exist as of the date of the Advance or
the request for the Letter of Credit, as the case may be; and

     (b) Each of the representations and warranties contained in this Agreement and in
each of the other Loan Documents shall be true and correct in all material respects as of the
date of the Advance or Letter of Credit (as the case may be) as if made on and as of such date
(other than any representation or warranty that expressly speaks only as of a different date).

6. REPRESENTATIONS AND WARRANTIES.

     Each Borrower represents and warrants to the Administrative Agent, the Lenders, the Swing Line
Lender and the Issuing Lender as follows:

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     6.1 Organizational Authority. Each Borrower and each of their Subsidiaries is a
corporation (or other business entity) duly organized and existing in good standing under the laws
of the state or jurisdiction of its incorporation or formation, as applicable, and each such party
is duly qualified and authorized to do business as a foreign corporation or other entity in each
jurisdiction where the character of its assets or the nature of its activities makes such
qualification and authorization necessary except where failure to be so qualified or be in good
standing could not reasonably be expected to have a Material Adverse Effect. Each Borrower and
each of Subsidiaries has all requisite corporate, limited liability or partnership power and
authority to own all its property (whether real, personal, tangible or intangible or of any kind
whatsoever) and to carry on its business in substantially the manner as such business was operated
immediately prior to the Effective Date.

     6.2 Due Authorization. Execution, delivery and performance of this Agreement,
the other Loan Documents and the Acquisition Documents, to which each Borrower and each of their
Subsidiaries is party, and the issuance of the Notes by the Borrowers (if requested) are within
such Person’s corporate, limited liability or partnership power, have been duly authorized, are not
in contravention of any law applicable to such party or the terms of such party’s organizational
documents and, except as have been previously obtained or as referred to in Section 6.10,
below, do not require the consent or approval of any Governmental Authority or any other third
party except to the extent that such consent or approval is not material to the transactions
contemplated by the Loan Documents or the Acquisition Documents.

     6.3 Good Title; Leases; Assets; No Liens.

     (a) Each Borrower and each of their Subsidiaries, to the extent applicable, has
good and valid title (or, in the case of Real Property and Easements, good and defensible
title) to all assets owned by it, subject only to the Liens permitted under Section
8.2 hereof, and each Borrower and each of their Subsidiaries has a valid leasehold or
interest as a lessee or a licensee in all of its leased Real Property, subject to Permitted
Liens;

     (b) Schedule 6.3(b) hereof identifies all of the material Real Property
and Easements owned or operated or leased, as lessee thereunder, by the Borrowers and their
Subsidiaries on the Effective Date, including all warehouse or bailee locations as of the
Effective Date;

     (c) The Pipeline Systems are covered by recorded Easements in favor of each
applicable Borrower or its applicable Subsidiaries (or their predecessors in interest) and
their respective successors and assigns, except where the failure of the Pipeline Systems to
be so covered, individually or in the aggregate, (i) does not materially interfere with the
ordinary conduct of the businesses of the Borrowers and their Subsidiaries in substantially
the manner as such businesses were operated immediately prior to the Effective Date, (ii) does
not materially detract from the value or the use of the portion of the Pipeline Systems which
are not covered and (iii) could not reasonably be expected to have a Material Adverse Effect;

     (d) The Easements establish a contiguous and continuous right-of-way for each
separate system of tubes and pipelines comprising the Pipeline Systems and, subject

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to the Permitted Liens, grant each applicable Borrower or its applicable Subsidiaries (or
their predecessors in interest) and their respective successors and assigns, the right to
construct, operate and maintain the Pipeline Systems in, over, under or across the land
covered thereby in the same way that a prudent owner and operator in the midstream pipeline
business would construct, operate and maintain similar assets;

     (e) The Real Property is covered by fee deeds, real property leases and other
instruments (the “Deeds”) in favor of each applicable Borrower or its applicable
Subsidiaries (or their predecessors in interest) and their respective successors and assigns;

     (f) The Deeds grant to each applicable Borrower or its applicable Subsidiaries
(or their predecessors in interest) and their respective successors and assigns, the right to
construct, operate and maintain the Real Property in, over and under the land covered thereby
in the same way that a prudent owner and operator in the midstream pipeline business would
construct, operate and maintain similar assets;

     (g) To the knowledge of the Borrowers and their Subsidiaries after due inquiry and
investigation, there has been no and there is not presently any occurrence of any (i) breach
or event of default on the part of any Borrower or any of its Subsidiaries with respect to any
Easement or Deed, (ii) breach or event of default on the part of any other party to any
Easement or Deed, and (iii) event that, with the giving of notice of lapse of time or both,
would constitute such breach or event of default on the part of any Borrower or any of its
Subsidiaries with respect to any Easement or Deed or on the part of any other party there to,
in each case, to the extent such breach or default, individually or in the aggregate, (A)
materially interferes with the ordinary conduct of the businesses of the Borrowers and their
Subsidiaries in substantially the manner as such businesses were operated immediately prior to
the Effective Date, (B) materially detracts from the value or the use of the portion of the
Pipeline Systems and/or Real Property covered thereby and (C) could not reasonably be expected
to have a Material Adverse Effect;

     (h) To the knowledge of the Borrowers and their Subsidiaries after due inquiry and
investigation, (i) the Easements and Deeds (to the extent applicable) are in full force and
effect in all material respects and are valid and enforceable against the parties thereto in
accordance with their terms (subject to the effect of any applicable bankruptcy,
reorganization, insolvency, moratorium, fraudulent transfer, fraudulent conveyance or similar
laws affecting creditors’ rights generally and subject to, as to enforceability, general
principles of equity) and (ii) all rental and other payments due thereunder by the Borrowers
and their Subsidiaries and their predecessors in interest, have been duly paid in accordance
with the terms of the Easements and Deeds, except to the extent that the failure to do so,
individually or in the aggregate, (A) does not materially interfere with the ordinary conduct
of the businesses of the Borrowers and their Subsidiaries in substantially the manner as such
businesses were operated immediately prior to the Effective Date, (B) does not materially
detract from the value or the use of the portion of the Pipeline System and/or Real Property
covered thereby and (C) could not reasonably be expected to have a Materially Adverse Effect;

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     (i) The Pipeline Systems are located with the confines of the descriptions
contained in the Easements and do not encroach upon any adjoining property in any one or more
material respects;

     (j) The Real Property is located within the confines of description contained in
the Deeds and do not encroach upon any adjoining property in any one or more material
respects;

     (k) The buildings or improvements owned or leased by any Borrower or any of its
Subsidiaries, and the operation and maintenance thereof, do not (i) contravene any applicable
zoning or building law or ordinance or other administrative regulation or (ii) violate any
applicable restrictive covenant or any Requirement of Law, the contravention of which would
materially affect the use of the property subject thereto;

     (l) The Borrowers and their Subsidiaries will collectively own or collectively
have a valid leasehold interest in all assets that were owned or leased (as lessee) by the
Borrowers and their Subsidiaries immediately prior to the Effective Date to the extent that
such assets are necessary for the continued operation of the businesses of the Borrowers and
their Subsidiaries in substantially the manner as such businesses were operated immediately
prior to the Effective Date;

     (m) To the knowledge of the Borrowers and their Subsidiaries after due inquiry and
investigation, no material condemnation, eminent domain or expropriation action has been
commenced or threatened against any such owned or leased Real Property; and

     (n) There are no Liens on and no financing statements on file with respect to any
of the assets owned by any Borrower or any of its Subsidiaries, except for the Liens permitted
pursuant to Section 8.2 of this Agreement.

     6.4 Taxes. Except as set forth on Schedule 6.4 hereof, each Borrower
and each of its Subsidiaries has filed on or before their respective due dates or within the
applicable grace periods, all United States federal, state, local and other tax returns which are
required to be filed or has obtained extensions for filing such tax returns and is not delinquent
in filing such returns in accordance with such extensions and has paid all material taxes which
have become due pursuant to those returns or pursuant to any assessments received by any such
party, as the case may be, to the extent such taxes have become due, except to the extent such
taxes are being contested in good faith by appropriate proceedings diligently conducted and with
respect to which adequate provision has been made on the books of such party as may be required by
GAAP.

     6.5 No Defaults. Neither any Borrower nor any of its Subsidiaries is in default
under or with respect to any agreement, instrument or undertaking to which it is a party or by
which it or any of its property is bound which would cause or would reasonably be expected to cause
a Material Adverse Effect.

     6.6 Enforceability of Agreement and Loan Documents. This Agreement and each of
the other Loan Documents to which any Borrower or any of its Subsidiaries is a party (including

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without limitation, each Request for Advance), have each been duly executed and delivered by
its duly authorized officers and constitute the valid and binding obligations of such party,
enforceable against such party in accordance with their respective terms, except as enforcement
thereof may be limited by applicable bankruptcy, reorganization, insolvency, fraudulent conveyance,
moratorium or similar laws affecting the enforcement of creditor’s rights, generally and by general
principles of equity (regardless of whether enforcement is considered in a proceeding in law or
equity).

     6.7 Compliance with Laws. (a) Except as disclosed on Schedule 6.7, each
Borrower and each of its Subsidiaries has complied with all applicable federal, state and local
laws, ordinances, codes, rules, regulations and guidelines (including consent decrees and
administrative orders) including but not limited to Hazardous Material Laws, and is in compliance
with any Requirement of Law, except to the extent that failure to comply therewith could not
reasonably be expected to have a Material Adverse Effect; and (b) neither the extension of credit
made pursuant to this Agreement or the use of the proceeds thereof by the Borrowers and their
Subsidiaries will violate the Trading with the Enemy Act, as amended, or any of the foreign assets
control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as
amended) or any enabling legislation or executive order relating thereto, or The United and
Strengthening America by providing appropriate Tools Required to Intercept and Obstruct Terrorism
(“USA Patriot Act”) Act of 2001, Public Law 10756, October 26, 2001 or Executive Order
13224 of September 23, 2001 issued by the President of the United States (66 Fed. Reg. 49049
(2001)).

     6.8 Non-contravention. The execution, delivery and performance of this
Agreement and the other Loan Documents (including each Request for Advance) to which any Borrower
and any of its Subsidiaries is a party are not in contravention of the terms of any indenture,
agreement or undertaking to which such party is a party or by which it or its properties are bound
where such violation could reasonably be expected to have a Material Adverse Effect.

     6.9 Litigation. Except as set forth on Schedule 6.9 hereof, there is no
suit, action, proceeding, including, without limitation, any bankruptcy proceeding or governmental
investigation pending against or to the knowledge of the Borrowers, threatened in writing against
any Borrower or any of its Subsidiaries (other than any suit, action or proceeding in which any
Borrower or any of its Subsidiaries is the plaintiff and in which no counterclaim or cross-claim
against such party has been filed) or involving the Acquisition, or any judgment, decree,
injunction, rule, or order of any court, government, department, commission, agency,
instrumentality or arbitrator outstanding against any Borrower or any of its Subsidiaries or
involving the Acquisition, nor is any Borrower or any of its Subsidiaries in violation of any
applicable law, regulation, ordinance, order, injunction, decree or requirement of any Governmental
Authority or court which could in any of the foregoing events reasonably be expected to have a
Material Adverse Effect or to impair the consummation of the Acquisition on the time and in the
manner contemplated by the Acquisition Documents.

     6.10 Consents, Approvals and Filings, Etc. Except as set forth on Schedule
6.10 hereof, no material authorization, consent, approval, license, qualification or formal
exemption from, nor any filing, declaration or registration with, any court, Governmental Authority
or any securities exchange or any other Person (whether or not governmental) is required in
connection

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with (a) the execution, delivery and performance: (i) by any Borrower or any of its
Subsidiaries of this Agreement and any of the other Loan Documents to which such party is a party
or (ii) by the Borrowers and their Subsidiaries of the grant of Liens granted, conveyed or
otherwise established (or to be granted, conveyed or otherwise established) by or under this
Agreement or the other Loan Documents, as applicable, and (b) otherwise necessary to the operation
of its business in substantially the manner as such business was operated immediately prior to the
Effective Date, except in each case for (x) such matters which have been previously obtained, and
(y) such filings to be made concurrently herewith or promptly following the Effective Date as are
required by the Collateral Documents to perfect Liens in favor of the Administrative Agent. All
such material authorizations, consents, approvals, licenses, qualifications, exemptions, filings,
declarations and registrations which have previously been obtained or made, as the case may be, are
in full force and effect and, to the knowledge of the Borrowers after due inquiry and
investigation, are not the subject of any attack or threatened attack (in each case in any material
respect) by appeal or direct proceeding or otherwise.

     6.11 Agreements Affecting Financial Condition. To their knowledge after due
inquiry, neither any Borrower nor any Subsidiary expects that any contract for the sale or purchase
of goods or services will be cancelled or terminated which, if so cancelled or terminated, would
reasonably be expected to have a Material Adverse Effect and that has not been disclosed to the
Administrative Agent. However, if such Borrower or Subsidiary suspects such a contract may be
terminated or cancelled, commercially reasonable efforts have been undertaken to promptly replace
such contract with a commercially reasonable substitute.

     6.12 No Investment Company or Margin Stock. Neither any Borrower nor any of its
Subsidiaries is an “investment company” within the meaning of the Investment Company Act of
1940, as amended. Neither any Borrower nor any of its Subsidiaries is engaged principally, or as
one of its important activities, directly or indirectly, in the business of extending credit for
the purpose of purchasing or carrying margin stock. None of the proceeds of any of the Advances
will be used by any Borrower or any of its Subsidiaries to purchase or carry margin stock. Terms
for which meanings are provided in Regulation U of the Board of Governors of the Federal Reserve
System or any regulations substituted therefore, as from time to time in effect, are used in this
paragraph with such meanings.

     6.13 ERISA. Neither any Borrower nor any of its Subsidiaries maintains or
contributes to any Pension Plan subject to Title IV of ERISA, except as set forth on Schedule
6.13 hereto or otherwise disclosed to the Administrative Agent in writing. There is no
accumulated funding deficiency within the meaning of Section 412 of the Internal Revenue Code or
Section 302 of ERISA, or any outstanding liability with respect to any Pension Plans owed to the
PBGC other than future premiums due and owing pursuant to Section 4007 of ERISA, and no
“reportable event” as defined in Section 4043(c) of ERISA has occurred with respect to any
Pension Plan other than an event for which the notice requirement has been waived by the PBGC.
None of the Borrowers or any of their Subsidiaries has engaged in a prohibited transaction with
respect to any Pension Plan, other than a prohibited transaction for which an exemption is
available and has been obtained, which could subject such parties to a material tax or penalty
imposed by Section 4975 of the Internal Revenue Code or Section 502(i) of ERISA. Each Pension Plan
is being maintained and funded in accordance with its terms and is in material compliance with the
requirements of the Internal Revenue Code and ERISA. Neither any

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Borrower nor any of its Subsidiaries has had a complete or partial withdrawal from any
Multiemployer Plan that has resulted or could reasonably be expected to have resulted in any
Withdrawal Liability and, except as notified to the Administrative Agent in writing following the
Effective Date, no such Multiemployer Plan is in reorganization (within the meaning of Section 4241
of ERISA) or insolvent (within the meaning of Section 4245 of ERISA).

     6.14 Conditions Affecting Business or Properties. Neither the respective
businesses nor the properties of any Borrower or any of its Subsidiaries is affected by any fire,
explosion, accident, strike, lockout or other dispute, drought, storm, hail, earthquake, embargo,
act of god, or other casualty which could reasonably be expected to have a Material Adverse Effect
(except to the extent such event is covered by insurance sufficient to ensure that, upon
application of the proceeds thereof, no Material Adverse Effect could reasonably be expected to
occur).

     6.15 Environmental and Safety Matters. Except as set forth in Schedules
6.9, 6.10 and 6.15:

     (a) all facilities and property owned or leased by any Borrower or any of its
Subsidiaries are in compliance with all Hazardous Material Laws;

     (b) to the knowledge of the Borrowers after due inquiry and investigation, there
have been no unresolved and outstanding past, and there are no pending or threatened:

     (i) claims, complaints, notices or requests for information received by any
Borrower or any of its Subsidiaries with respect to any alleged violation of any
Hazardous Material Law, or

     (ii) written complaints, written notices or written inquiries to any
Borrower or any of its Subsidiaries regarding potential liability of any Borrower or any
of its Subsidiaries under any Hazardous Material Law; and

     (c) to the knowledge of the Borrowers after due inquiry and investigation, no
conditions exist at, on or under any property now or previously owned or leased by any
Borrower or any of its Subsidiaries which, with the passage of time, or the giving of notice
or both, are reasonably likely to give rise to liability under any Hazardous Material Law or
result in a Material Adverse Effect.

     6.16 Subsidiaries. Except as disclosed on Schedule 6.16 hereto as of the
Effective Date, and thereafter, except as disclosed to the Administrative Agent in writing from
time to time, neither any Borrower nor any of its Subsidiaries has any Subsidiaries.

     6.17 Management Agreements. Schedule 6.17 attached hereto is an accurate
and complete list of all management and significant employment agreements in effect on or as of the
Effective Date to which any Borrower or any of its Subsidiaries is a party or is bound.

     6.18 Material Contracts. Schedule 6.18 attached hereto is an accurate and
complete list of all Material Contracts in effect on or as of the Effective Date to which any
Borrower or any of its Subsidiaries is a party or is bound.

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     6.19 Franchises, Patents, Copyrights, Trade Names, Etc. The Borrowers and their
Subsidiaries possess all franchises, patents, copyrights, trademarks, trade names, licenses and
permits, and rights in respect of the foregoing, adequate for the conduct of their businesses in
substantially the manner as such businesses were operated immediately prior to the Effective Date
without known conflict with any rights of others. Schedule 6.19 contains a true and
accurate list of all trade names and any and all other names used by any Borrower or any of its
Subsidiaries during the five-year period ending as of the Effective Date.

     6.20 Capital Structure. Schedule 6.20 attached hereto sets forth all
issued and outstanding Equity Interests of each Borrower and each of its Subsidiaries, including
the number of authorized, issued and outstanding Equity Interests of each Borrower and each of its
Subsidiaries, the par value of such Equity Interests and the holders of such Equity Interests, all
on and as of the Effective Date. All issued and outstanding Equity Interests of each Borrower and
each of its Subsidiaries are duly authorized and validly issued, fully paid, nonassessable, free
and clear of all Liens (except for the benefit of the Administrative Agent) and such Equity
Interests were issued in compliance with all applicable state, federal and foreign laws concerning
the issuance of securities. Except as disclosed on Schedule 6.20, there are no preemptive
or other outstanding rights, options, warrants, conversion rights or similar agreements or
understandings for the purchase or acquisition from any Borrower or any of its Subsidiaries, of any
Equity Interests of any Borrower or any of its Subsidiaries.

     6.21 Accuracy of Information.

     (a) The projections, the Pro Forma Balance Sheet and the other pro forma financial
information delivered to the Administrative Agent prior to the Effective Date are based upon
good faith estimates and assumptions believed by management of the Borrowers to be accurate
and reasonable at the time made, it being recognized by the Lenders that such financial
information as it relates to future events is not to be viewed as fact and that actual results
during the period or periods covered by such financial information may differ from the
projected results set forth therein.

     (b) From June 30, 2009, through the Effective Date, there has been no change in
the business, operations, condition, property or prospects (financial or otherwise) of the
Borrowers and their Subsidiaries, taken as a whole, that could reasonably be expected to have
a Material Adverse Effect.

     (c) To the best knowledge of the Borrowers and their Subsidiaries, as of the
Effective Date, (i) neither any Borrower nor any of its Subsidiaries have any material
contingent obligations (including any liability for taxes) not disclosed by or reserved
against in the opening balance sheet to be delivered hereunder and (ii) there are no
unrealized or anticipated losses from any present commitment of the Borrowers and their
Subsidiaries which contingent obligations and losses in the aggregate could reasonably be
expected to have a Material Adverse Effect.

     6.22 Solvency. After giving effect to the consummation of the transactions
contemplated by this Agreement and other Loan Documents, each Borrower and each of its Subsidiaries
will be solvent, able to pay its indebtedness as it matures and will have capital

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sufficient to carry on its businesses in substantially the manner as such businesses were
operated immediately prior to the Effective Date and all business in which it is about to engage.
This Agreement is being executed and delivered by the Borrowers to the Administrative Agent and the
Lenders in good faith and in exchange for fair, equivalent consideration. The Borrowers and their
Subsidiaries do not intend to nor does management of the Borrowers and their Subsidiaries believe
the Borrowers and their Subsidiaries will incur debts beyond their ability to pay as they mature.
The Borrowers and their Subsidiaries do not contemplate filing a petition in bankruptcy or for an
arrangement or reorganization under the Bankruptcy Code or any similar law of any jurisdiction now
or hereafter in effect relating to any Borrower or any of its Subsidiaries, nor does any Borrower
or any of its Subsidiaries have any knowledge of any threatened bankruptcy or insolvency
proceedings against any Borrower or any of its Subsidiaries.

     6.23 Employee Matters. There are no strikes, slowdowns, work stoppages, unfair
labor practice complaints, grievances, arbitration proceedings or controversies pending or, to the
best knowledge of the Borrowers, threatened in writing against any Borrower or any of its
Subsidiaries by any employees of any Borrower or any of its Subsidiaries, other than non-material
employee grievances or controversies arising in the ordinary course of business. Set forth on
Schedule 6.23 are all union contracts or agreements to which any Borrower or any of its
Subsidiaries is party as of the Effective Date and the related expiration dates of each such
contract.

     6.24 No Misrepresentation. Neither this Agreement nor any other Loan Document,
certificate, information or report furnished or to be furnished by or on behalf of any Borrower or
any of its Subsidiaries to the Administrative Agent or any Lender in writing in connection with any
of the transactions contemplated hereby or thereby, contains a misstatement of material fact, or
omits to state a material fact required to be stated in order to make the statements contained
herein or therein, taken as a whole, not misleading in the light of the circumstances under which
such statements were made. There is no fact, other than information known to the public generally,
known to any Borrower or any of its Subsidiaries after diligent inquiry, that could reasonably be
expected to have a Material Adverse Effect that has not been disclosed to the Administrative Agent
in writing.

     6.25 Corporate Documents and Corporate Existence. As to each Borrower and each of
its Subsidiaries, (a) it is an organization as described on Schedule 6.25 hereto and has
provided the Administrative Agent and the Lenders with complete and correct copies of its articles
of incorporation, by-laws and all other applicable charter and other organizational documents, and,
if applicable, a good standing certificate and (b) its correct legal name, business address, type
of organization and jurisdiction of organization, tax identification number and other relevant
identification numbers are set forth on Schedule 6.25 hereto.

     6.26 Acquisition Documents. The copies of the Acquisition Documents previously
delivered by any Borrower to the Administrative Agent are true, accurate and complete and have not
been amended or modified in any manner, other than pursuant to amendments or modifications
previously delivered to the Administrative Agent. No party to any Acquisition Document is in
default in respect of any material term or obligation thereunder. The Acquisition Documents comply
in all material respects with all applicable laws.

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     6.27 State and Federal Regulation.

     (a) The interstate common carrier pipeline operations comprising a portion of the
Pipeline Systems (the “Interstate Pipelines”) are subject to rate regulation by the
FERC under the Interstate Commerce Act and the Energy Policy Act. With respect to the
Interstate Pipelines, (a) the rates on file with the FERC are just and reasonable pursuant to
the Energy Policy Act and (b) no provision of the tariff containing such rates is unduly
discriminatory or preferential. Except as set forth on Schedule 6.27(a), neither any
Borrower nor any of its Subsidiaries nor any Person that now owns or has owned an interest in
the Interstate Pipelines has been or is the subject of a complaint, investigation or other
proceeding regarding their respective rates or practices with respect to the Interstate
Pipelines. No complaint, investigation or other proceeding set forth on Schedule
6.27(a), individually or in the aggregate, could result, if adversely determined to the
position or interest of any Borrower or any of its Subsidiaries or other such Person, in a
Material Adverse Effect.

     (b) With respect to those certain intrastate common carrier pipeline operations
that comprise a portion of the Pipeline Systems (the “Intrastate Pipelines”), are
subject to regulation by the State Pipeline Regulatory Agencies. Each Borrower and each of
its Subsidiaries that owns pipelines and conducts pipeline operations has followed prudent
practice in the Hydrocarbon transportation, processing and distribution industries, as
applicable, regarding the setting of rates for services provided and the implementation of
such rates. The rates charged by each applicable Borrower and its applicable Subsidiaries
with respect to the Intrastate Pipelines provide no more than a fair return on the aggregate
value of the property used to render services on the Intrastate Pipelines, and no such party
uses, charges, imposes or implements, or has previously done any of the foregoing, in a
discriminatory manner. Except as set forth on Schedule 6.27(b), neither any Borrower
nor any of its Subsidiaries that owns any interest in any of the Intrastate Pipelines has been
or is the subject of a complaint, investigation or other proceeding by any Governmental
Authority regarding their respective rates or practices with respect to the Intrastate
Pipelines. No complaint, investigation or other proceeding set forth on Schedule
6.27(b), individually or in the aggregate, could result, if adversely determined to the
position or interest of any Borrower or any of its Subsidiaries or other such Person, in a
Material Adverse Effect.

     (c) Each applicable Borrower and each of its applicable Subsidiaries is in
compliance, in all material respects, with all rules, regulations and orders of the FERC and
all State Pipeline Regulatory Agencies applicable to the Pipeline Systems.

     (d) As of the Effective Date, neither any Borrower nor any of its Subsidiaries is
liable for any refunds or interest thereon as a result of an order from the FERC or any
Governmental Authority with jurisdiction over the Pipeline Systems.

     (e) Each applicable Borrower’s and each of its applicable Subsidiary’s report on
Form 2 or 2A, as applicable, filed with the FERC, if any, complies with all applicable
material legal requirements and does not contain any untrue statement of material fact or omit
to state a material fact required to make the statements therein not misleading.

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     (f) Without limiting the generality of Section 6.10 of this Agreement, no
certificate, license, permit, consent, authorization or order (to the extent not otherwise
obtained) is required by any Borrower or any of its Subsidiaries from any Governmental
Authority to construct, own, operate and maintain the Pipeline Systems, or to transport,
process and/or distribute Hydrocarbons under existing contracts and agreements as the Pipeline
Systems are presently owned, operated and maintained.

     6.28 Supplemental Schedules. Not later than thirty (30) days after the date on
which any information on any Schedule to this Agreement changed, the Borrowers shall deliver to the
Administrative Agent an updated version of such Schedule; provided, however, the
delivery of any updated Schedule hereunder shall not be deemed a waiver of any obligation of any
Borrower under any Loan Document, and such updated Schedule shall not be effective until it is
accepted by the Administrative Agent.

7. AFFIRMATIVE COVENANTS.

     Each Borrower covenants and agrees, so long as any Lender has any commitment to extend credit
hereunder, or any of the Indebtedness remains outstanding and unpaid, that it will, and, as
applicable, it will cause each of its Subsidiaries to:

     7.1 Financial Statements. Furnish to the Administrative Agent, in form and
detail reasonably satisfactory to the Administrative Agent, the following documents:

     (a) as soon as available, but in any event within one hundred twenty (120) days
after the end of each Fiscal Year, or, for the first Fiscal Year end after the Effective Date,
within one hundred fifty (150) days after end of such Fiscal Year, a copy of the audited
Consolidated and unaudited Consolidating financial statements of the Administrative Borrower
and its Consolidated Subsidiaries as at the end of such Fiscal Year and the related audited
Consolidated and unaudited Consolidating statements of income, stockholders equity, and cash
flows of the Administrative Borrower and its Consolidated Subsidiaries for such Fiscal Year or
partial Fiscal Year and underlying assumptions, setting forth in each case in comparative form
the figures for the previous Fiscal Year, certified as being fairly stated in all material
respects by an independent, nationally recognized certified public accounting firm reasonably
satisfactory to the Administrative Agent;

     (b) as soon as available, but in any event within forty-five (45) days after the
end of each fiscal quarter of the Administrative Borrower (except the last quarter of each
Fiscal Year), Administrative Borrower prepared unaudited Consolidated and Consolidating
balance sheets of the Administrative Borrower and its Consolidated Subsidiaries as at the end
of such quarter and the related unaudited statements of income, stockholders equity and cash
flows of the Administrative Borrower and its Consolidated Subsidiaries for the portion of the
Fiscal Year through the end of such quarter, setting forth in each case in comparative form
the figures for the corresponding periods in the previous Fiscal Year, and certified by a
Responsible Officer of the Administrative Borrower as being fairly stated in all material
respects; and

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all such financial statements to be complete and correct in all material respects and to be
prepared in reasonable detail and in accordance with GAAP throughout the periods reflected therein
and with prior periods (except as approved by a Responsible Officer and disclosed therein),
provided, however, that the financial statements delivered pursuant to clauses
(b) hereof will not be required to include footnotes and will be subject to change from audit
and year-end adjustments.

     7.2 Certificates; Other Information. Furnish to the Administrative Agent, in
form and detail acceptable to the Administrative Agent, the following documents:

     (a) Concurrently with the delivery of the financial statements described in
Sections 7.1(a) for each fiscal year end, and 7.1(b) for each fiscal quarter
end, a Covenant Compliance Report (or, in the case of the Administrative Borrower prepared
financial statements for the last fiscal quarter of each fiscal year, a draft Covenant
Compliance Report) duly executed by a Responsible Officer of the Administrative Borrower;

     (b) Promptly upon receipt thereof, copies of all significant reports submitted by
the Administrative Borrower’s firm(s) of certified public accountants in connection with each
annual, interim or special audit or review of any type of the financial statements or related
internal control systems of the Administrative Borrower and its Consolidated Subsidiaries made
by such accountants, including any comment letter submitted by such accountants to management
in connection with their services;

     (c) Any financial reports, statements, press releases, other material information
or written notices delivered to the holders of the Equity Interests of any Credit Party (to
the extent not otherwise required hereunder), as and when delivered to such Persons;

     (d) Within thirty (30) days after the end of each Fiscal Year, projections for the
Administrative Borrower and its Consolidated Subsidiaries for the next succeeding Fiscal Year,
on a quarterly basis and for the following Fiscal Year on an annual basis, including a balance
sheet, as at the end of each relevant period and for the period commencing at the beginning of
the Fiscal Year and ending on the last day of such relevant period, such projections certified
by a Responsible Officer of the Administrative Borrower as being based on reasonable estimates
and assumptions taking into account all facts and information known (or reasonably available
to the Administrative Borrower or any of its Consolidated Subsidiaries) by a Responsible
Officer of the Administrative Borrower;

     (e) Within forty-five (45) days after and as of the end of each fiscal quarter of
the Administrative Borrower, a report certified by a Responsible Officer of the Administrative
Borrower as to the volume of Hydrocarbons transported through the Pipeline Systems and the
volume of Hydrocarbons processed in the processing plants of the Credit Parties, each
organized by major operating unit;

     (f) Any additional information as required by any Loan Document, and such
additional schedules, certificates and reports respecting all or any of the Collateral, the

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items or amounts received by any Borrower or any of its Subsidiaries in full or partial
payment thereof, and any goods (the sale or lease of which shall have given rise to any of the
Collateral) possession of which has been obtained by any Borrower or any of its Subsidiaries,
all to such extent as the Administrative Agent may reasonably request from time to time, any
such schedule, certificate or report to be certified as true and correct in all material
respects by a Responsible Officer of the Administrative Borrower and shall be in such form and
detail as the Administrative Agent may reasonably specify; and

     (g) Such additional financial and/or other information as the Administrative Agent
or any Lender may from time to time reasonably request, promptly following such request.

     7.3 Payment of Obligations. Pay, discharge or otherwise satisfy, at or before
maturity or before they become delinquent, as the case may be, all of its material obligations of
whatever nature, including without limitation all assessments, governmental charges, claims for
labor, supplies, rent or other obligations, except where (a) the amount or validity thereof is
currently being appropriately contested in good faith and reserves in conformity with GAAP with
respect thereto have been provided on the books of the Borrowers or their Subsidiaries or (ii) the
failure to make such payment will not result in a Material Adverse Effect.

     7.4 Conduct of Business and Maintenance of Existence; Compliance with Laws.

     (a) Continue to engage in their respective business and operations substantially
as conducted immediately prior to the Effective Date;

     (b) Preserve, renew and keep in full force and effect its existence and maintain
its qualifications to do business in each jurisdiction where such qualifications are necessary
for its operations, except as otherwise permitted pursuant to Section 8.4;

     (c) Take all action it deems necessary in its reasonable business judgment to
maintain all rights, privileges, licenses and franchises necessary for the normal conduct of
its business except where the failure to so maintain such rights, privileges or franchises
could not, either singly or in the aggregate, reasonably be expected to have a Material
Adverse Effect;

     (d) Comply with all Contractual Obligations and Requirements of Law, except to the
extent that failure to comply therewith could not, either singly or in the aggregate,
reasonably be expected to have a Material Adverse Effect; and

     (e) (i) Continue to be a Person whose property or interests in property is not
blocked or subject to blocking pursuant to Section 1 of Executive Order 13224 of September 23,
2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to
Commit or Support Terrorism (66 Fed. Reg. 49079 (2001)) (the “Order”), (ii) not engage
in the transactions prohibited by Section 2 of that Order or become associated with Persons
such that a violation of Section 2 of the Order would arise, and (iii) not become a Person on
the list of Specially Designated National and Blocked Persons, or (iv) otherwise not become
subject to the limitation of any OFAC regulation or executive order.

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     7.5 Maintenance of Property; Insurance. (a) Keep all material property it
deems, in its reasonable business judgment, useful and necessary in its business in working order
(ordinary wear and tear excepted), including, without limitation, all material Pipeline Systems and
other Real Property; (b) (i) maintain or cause the maintenance of the interests and rights (A)
which are necessary to maintain the Easements for the Pipeline Systems and to maintain the other
Real Property, and (B) which individually and in the aggregate, could, if not maintained,
reasonably be expected to have a Material Adverse Effect; (ii) subject to the Permitted Liens,
maintain the Pipeline Systems within the confines of the descriptions contained in the Easements
without material encroachment upon any adjoining property and maintain the Real Property within the
confines of descriptions contained in the Deeds without material encroachment upon any adjoining
property; (iii) maintain such rights of ingress and egress necessary to permit any applicable
Borrower or any of its applicable Subsidiaries to inspect, operate, repair and maintain the
Pipeline Systems and the other Real Property except to the extent that the failure to maintain such
rights, individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect and provided that any applicable Borrower or any of its applicable Subsidiaries may
hire third parties to perform these functions; and (iv) maintain all material agreements, licenses,
permits and other rights required for any of the foregoing described in clauses (i),
(ii) and (iii) of this Section 7.5(b) in full force and effect in
accordance with their terms, timely make any payments due thereunder, and prevent any default
thereunder that could result in a termination or loss thereof, except any such failure to pay or
default that could not reasonably, individually or in the aggregate, be expected to cause a
Material Adverse Effect; (c) maintain insurance coverage with financially sound and reputable
insurance companies on physical assets and against other business risks in such amounts and of such
types as are customarily carried by companies similar in size and nature in the midstream oil and
gas industry (including without limitation casualty and public liability and property damage
insurance), and in the event of acquisition of additional property, real or personal, or of the
incurrence of additional risks of any nature, increase such insurance coverage in such manner and
to such extent as prudent business judgment and present practice or any applicable Requirements of
Law would dictate; (d) in the case of all insurance policies covering any Collateral, such
insurance policies shall provide that the loss payable thereunder shall be payable to any
applicable Borrower or any of its applicable Subsidiaries, and to the Administrative Agent (as
mortgagee, or, in the case of personal property interests, lender loss payee) as their respective
interests may appear; (e) in the case of all public liability insurance policies, such policies
shall list the Administrative Agent as an additional insured, as the Administrative Agent may
reasonably request; and (f) if requested by the Administrative Agent, certificates evidencing such
policies, including all endorsements thereto, to be deposited with the Administrative Agent, such
certificates being in form and substance reasonably acceptable to the Administrative Agent.

     7.6 Inspection of Property; Books and Records, Discussions. Permit the
Administrative Agent, through their authorized attorneys, accountants and representatives (a) at
all reasonable times during normal business hours following advance notice if no Default exists,
upon the request of the Administrative Agent, to examine each Borrower’s and each of their
Subsidiaries’ books, accounts, records, ledgers and assets and properties; (b) from time to time,
during normal business hours, upon the request of the Administrative Agent, to conduct full or
partial collateral audits of the Accounts and Inventory of the Borrowers and their Subsidiaries and
appraisals of all or a portion of the fixed assets (including Pipeline Systems and other Real
Property to the extent accompanied by a representative of the applicable Borrower or its

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applicable Subsidiary(ies), such accompaniment to take place at the reasonable request of the
Administrative Agent or any Lender, and subject to the terms of any applicable Easements) of the
Borrowers and their Subsidiaries, such audits and appraisals to be completed by an appraiser as may
be selected by the Administrative Agent and consented to by the Administrative Borrower (such
consent not to be unreasonably withheld), with all reasonable costs and expenses of such audits to
be reimbursed by the Borrowers and their Subsidiaries, provided that, so long as no
Event of Default or Default exists, such audits shall be limited to once each Fiscal Year and the
Borrowers shall not be required to reimburse the Administrative Agent for such audits more
frequently than once each Fiscal Year; (c) during normal business hours and at their own risk and
to the extent accompanied by a representative of the applicable Borrower or its applicable
Subsidiary(ies), such accompaniment to take place at the reasonable request of the Administrative
Agent or any Lender, and subject to the terms of any applicable Easements, to enter onto the Real
Property and Easements owned or leased by any Borrower or any of its Subsidiaries to conduct
inspections, investigations or other reviews of such Real Property and Easements; and (d) at
reasonable times during normal business hours following advance notice and at reasonable intervals,
to visit all of any Borrower’s and any of its Subsidiaries’ offices, discuss each Borrower’s and
its Subsidiaries’ respective financial matters with their respective officers, as applicable, and,
by this provision, each Borrower authorizes, and will cause each of its Subsidiaries to authorize,
its independent certified or chartered public accountants to discuss the finances and affairs of
such Borrower and any of its Subsidiaries and examine any of such Borrower’s and any of its
Subsidiaries’ books, reports or records held by such accountants, subject, in each case, to the
policies and procedures of such certified or chartered public accountants.

     7.7 Notices. Promptly give written notice to the Administrative Agent of:

     (a) the occurrence of any Default or Event of Default of which any Borrower or any
of its Subsidiaries has knowledge;

     (b) any (i) litigation or proceeding existing at any time between any Borrower or
any of its Subsidiaries and any Governmental Authority or other third party, or any
investigation of any Borrower or any of its Subsidiaries conducted by any Governmental
Authority, which in any case if adversely determined would have a Material Adverse Effect,
including, without limitation, any form of material notice, summons, citation, proceeding or
order received from the FERC, any State Pipeline Regulatory Agency or any other Governmental
Authority concerning the regulation of any material portion of the Pipeline Systems or other
Real Property, or (ii) any material adverse change in the financial condition of any Borrower
or any of its Subsidiaries since the date of the last audited financial statements delivered
pursuant to Section 7.1(a) hereof;

     (c) the occurrence of any event which any Borrower or any of its Subsidiaries
believes could reasonably be expected to have a Material Adverse Effect, promptly after
concluding that such event could reasonably be expected to have such a Material Adverse
Effect;

     (d) promptly after becoming aware thereof, the taking by the Internal Revenue
Service or any foreign taxing jurisdiction of a written tax position (or any such tax

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position taken by any Borrower or any of its Subsidiaries in a filing with the Internal
Revenue Service or any foreign taxing jurisdiction) which could reasonably be expected to have
a Material Adverse Effect, setting forth the details of such position and the financial impact
thereof;

     (e) (i) all jurisdictions in which any Borrower or any of its Subsidiaries
proposes to become qualified after the Effective Date to transact business, (ii) the
acquisition or creation of any new Subsidiaries, (iii) any material change after the Effective
Date in the authorized and issued Equity Interests of any Borrower or any of its Subsidiaries
or any other material amendment to any Borrower’s or any of its Subsidiaries’ charter, by-laws
or other organizational documents, such notice, in each case, to identify the applicable
jurisdictions, capital structures or amendments as applicable, provided that such notice shall
be given not less than ten (10) Business Days prior to the proposed effectiveness of such
changes, acquisition or creation, as the case may be (or such shorter period to which the
Administrative Agent may consent);

     (f) any default or event of default by any Person under any Subordinated Debt
Document, concurrently with delivery or promptly after receipt (as the case may be) of any
notice of default or event of default under the applicable document, as the case may be; and

     (g) not less than ten (10) days prior to the proposed effective date thereof, any
proposed Asset Sale that is not expressly permitted hereby, together with any purchase and
sale agreement, bills of sale, assignments, agreements, instruments and other documents to be
executed and delivered in connection therewith.

Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer
of the Administrative Borrower setting forth details of the occurrence referred to therein and, in
the case of notices referred to in clauses (a), (b), (c), (d),
(f) and (g) hereof stating what action the applicable Borrower or its applicable
Subsidiaries has taken or proposes to take with respect thereto.

     7.8 Hazardous Material Laws.

     (a) Use and operate all of its facilities and properties in material compliance
with all applicable Hazardous Material Laws, keep all material required permits, approvals,
certificates, licenses and other authorizations required under such Hazardous Material Laws in
effect and remain in compliance therewith, and handle all Hazardous Materials in material
compliance with all applicable Hazardous Material Laws;

     (b) (i) Promptly notify the Administrative Agent and provide copies upon receipt
of all written claims, complaints, notices or inquiries received by any Borrower or any of its
Subsidiaries relating to its facilities and properties or compliance with Hazardous Material
Laws which, if adversely determined, could reasonably be expected to have a Material Adverse
Effect and (ii) promptly cure and have dismissed with prejudice to the reasonable satisfaction
of the Administrative Agent and the Majority Lenders any material actions and proceedings
relating to compliance with Hazardous

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Material Laws to which any Borrower or any of its Subsidiaries is named a party, other
than such actions or proceedings being contested in good faith and with the establishment of
reasonable reserves;

     (c) To the extent necessary to comply in all material respects with Hazardous
Material Laws, remediate or monitor contamination arising from a release or disposal of
Hazardous Material, which solely, or together with other releases or disposals of Hazardous
Materials could reasonably be expected to have a Material Adverse Effect;

     (d) Provide such information and certifications which the Administrative Agent or
any Lender may reasonably request from time to time to evidence compliance with this
Section 7.8.

     7.9 Financial Covenants.

     (a) Interest Coverage Ratio. Maintain, as of end of each Test Period and
as of the date of each Advance and each date of issuance of a Letter of Credit, an Interest
Coverage Ratio of not less than 2.50:1.00.

     (b) Total Debt to Consolidated EBITDA Ratio. Maintain, as of the end of
each Test Period and as of the date of each Advance and each date of issuance of a Letter of
Credit, a Total Debt to Consolidated EBITDA Ratio of not more than 3.50:1.00.

     7.10 Governmental and Other Approvals. Apply for, obtain and/or maintain in
effect, as applicable, all authorizations, consents, approvals, licenses, qualifications,
exemptions, filings, declarations and registrations (whether with any court, governmental agency,
regulatory authority, securities exchange or otherwise) which are necessary in connection with the
execution, delivery and performance by any Borrower or any of its Subsidiaries of, as applicable,
this Agreement, the other Loan Documents or any other documents or instruments to be executed
and/or delivered by any Borrower or any of its Subsidiaries, as applicable in connection therewith
or herewith, except where the failure to so apply for, obtain or maintain could not reasonably be
expected to have a Material Adverse Effect.

     7.11 Compliance with ERISA; ERISA Notices.

     (a) Comply in all material respects with all material requirements imposed by
ERISA and the Internal Revenue Code, including, but not limited to, the minimum funding
requirements for any Pension Plan, except to the extent that any noncompliance could not
reasonably be expected to have a Material Adverse Effect.

     (b) Promptly notify the Administrative Agent upon the occurrence of any of the
following events in writing: (i) the termination, other than a standard termination, as
defined in ERISA, of any Pension Plan subject to Subtitle C of Title IV of ERISA by any
Borrower or any of its Subsidiaries; (ii) the appointment of a trustee by a United States
District Court to administer any Pension Plan subject to Title IV of ERISA; (iii) the
commencement by the PBGC, of any proceeding to terminate any Pension Plan subject to Title IV
of ERISA; (iv) the failure of any Borrower or any of its Subsidiaries to make any payment in
respect of any Pension Plan required under Section 412 of the Internal

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Revenue Code or Section 302 of ERISA; (v) the withdrawal of any Borrower or any of its
Subsidiaries from any Multiemployer Plan if any Borrower or any of its Subsidiaries reasonably
believes that such withdrawal would give rise to the imposition of Withdrawal Liability with
respect thereto; or (vi) the occurrence of (x) a “reportable event” which is required
to be reported by any Borrower or any of its Subsidiary under Section 4043 of ERISA other than
any event for which the reporting requirement has been waived by the PBGC or (y) a
“prohibited transaction” as defined in Section 406 of ERISA or Section 4975 of the
Internal Revenue Code other than a transaction for which a statutory exemption is available or
an administrative exemption has been obtained.

     7.12 Defense of Collateral. Defend the Collateral from any Liens other than Liens
permitted by Section 8.2.

     7.13 Future Subsidiaries; Additional Collateral.

     (a) With respect to each Person which becomes a Domestic Subsidiary of any
Borrower (directly or indirectly) subsequent to the Effective Date, whether by Permitted
Acquisition or otherwise, cause such new Domestic Subsidiary to execute and deliver to the
Administrative Agent, for and on behalf of each of the Lenders (unless waived by the
Administrative Agent):

     (i) to the extent such new Domestic Subsidiary is not a Material
Subsidiary, within thirty (30) days after the date such Person becomes a Domestic
Subsidiary (or such longer time period as the Administrative Agent may determine), a
Guaranty, or in the event that a Guaranty already exists, a joinder agreement to the
Guaranty whereby such Domestic Subsidiary becomes obligated as a Guarantor under the
Guaranty;

     (ii) to the extent such new Domestic Subsidiary is a Material Subsidiary,
within thirty (30) days after the date such Person becomes a Domestic Subsidiary (or
such longer time period as the Administrative Agent may determine), a Joinder whereby
such Domestic Subsidiary becomes obligated as a Borrower under this Agreement;

     (iii) within thirty (30) days after the date such Person becomes a Domestic
Subsidiary (or such longer time period as the Administrative Agent may determine), a
joinder agreement to the Security Agreement whereby such Domestic Subsidiary grants a
Lien over its assets (other than Equity Interests which should be governed by
(b) of this Section 7.13) as set forth in the Security Agreement, and
such Domestic Subsidiary shall take such additional actions as may be necessary to
ensure a valid first priority perfected Lien over such assets of such Domestic
Subsidiary, subject only to the other Liens permitted pursuant to Section 8.2 of
this Agreement; and

     (iv) within the time period specified in and to the extent required under
clause (c) of this Section 7.13, a Mortgage and/or other documents
required to be delivered in connection therewith.

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     (b) With respect to the Equity Interests of each Person which becomes (whether by
Permitted Acquisition or otherwise) (i) a Domestic Subsidiary subsequent to the Effective
Date, cause each Borrower or its applicable Subsidiary that holds such Equity Interests to
execute and deliver such Pledge Agreements, and take such actions as may be necessary to
ensure a valid first priority perfected Lien over one hundred percent (100%) of the Equity
Interests of such Domestic Subsidiary held by each applicable Borrower or its applicable
Subsidiary, such Pledge Agreements to be executed and delivered (unless waived by the
Administrative Agent) within thirty (30) days after the date such Person becomes a Domestic
Subsidiary (or such longer time period as the Administrative Agent may determine); and (ii) a
Foreign Subsidiary subsequent to the Effective Date, the Equity Interests of which is held
directly by any Borrower or one of its Domestic Subsidiaries, cause each applicable Borrower
or its applicable Subsidiary that holds such Equity Interests to execute and deliver such
Pledge Agreements and take such actions as may be necessary to ensure a valid first priority
perfected Lien over sixty-five percent (65%) of the Equity Interests of such Subsidiary, such
Pledge Agreements to be executed and delivered (unless waived by the Administrative Agent)
within thirty (30) days after the date such Person becomes a Foreign Subsidiary (or such
longer time period as the Administrative Agent may determine); and

     (c) With respect to the acquisition of a fee interest in Pipeline Systems and/or
other Real Property by any Borrower or any of its Subsidiaries after the Effective Date
(whether by Permitted Acquisition or otherwise), not later than thirty (30) days after the
acquisition is consummated or the owner of such property becomes a Domestic Subsidiary (or
such longer time period as the Administrative Agent may determine), such party shall execute
or cause to be executed (unless waived by the Administrative Agent), a Mortgage (or an
amendment to an existing mortgage, where appropriate) covering such Pipeline Systems and/or
other Real Property, together with such additional real estate documentation and environmental
reports, as may be reasonably required by the Administrative Agent;

in each case in form reasonably satisfactory to the Administrative Agent, in its reasonable
discretion, together with such supporting documentation, including without limitation corporate
authority items, certificates and opinions of counsel, as reasonably required by the Administrative
Agent. Upon the Administrative Agent’s request, the Borrowers and their Subsidiaries shall take,
or cause to be taken, such additional steps as are necessary or advisable under applicable law to
perfect and ensure the validity and priority of the Liens granted under this Section 7.13.

     7.14 Accounts. Maintain all deposit accounts and securities accounts of each
Borrower and its Subsidiaries with the Administrative Agent or a Lender, provided that, with
respect to any such accounts maintained with any Lender (other than the Administrative Agent), such
party (i) shall cause to be executed and delivered an Account Control Agreement in form and
substance satisfactory to the Administrative Agent and (ii) has taken all other steps necessary, or
in the opinion of the Administrative Agent, desirable to ensure that the Administrative Agent has a
perfected security interest in such account; provided, however, notwithstanding the
foregoing, each operating account of each Borrower shall be maintained with the Administrative
Agent at all times.

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     7.15 Use of Proceeds. Use all Advances of the Revolving Credit as set forth in
Section 2.12 hereof and the proceeds of the Term Loan as set forth in Section 4.9
hereof. The Borrowers shall not use any portion of the proceeds of any such advances for the
purpose of purchasing or carrying any “margin stock” (as defined in Regulation U of the
Board of Governors of the Federal Reserve System) in any manner which violates the provisions of
Regulation T, U or X of said Board of Governors or for any other purpose in violation of any
applicable statute or regulation.

     7.16 Hedging Transaction. Within thirty (30) days following the Effective Date,
the Borrowers shall enter into an interest rate Hedging Agreement sufficient, at the minimum, to
cover fifty percent (50%) of the aggregate outstanding principal amount of the Revolving Credit
Advances as of the Effective Date and the Term Loan for a two-year period following the execution
of such Hedging Agreement. The Hedging Agreement shall be in form and substance reasonably
acceptable to the Administrative Agent.

     7.17 Further Assurances and Information.

     (a) Take such actions as the Administrative Agent or Majority Lenders may from
time to time reasonably request to establish and maintain first priority perfected security
interests in and Liens on all of the Collateral, subject only to those Liens permitted under
Section 8.2 hereof, including executing and delivering such additional pledges,
assignments, mortgages, lien instruments or other security instruments covering any or all of
the Borrowers’ and their Subsidiaries’ assets as the Administrative Agent may reasonably
require, such documentation to be in form and substance reasonably acceptable to the
Administrative Agent, and prepared at the expense of the Borrowers.

     (b) Execute and deliver or cause to be executed and delivered to the
Administrative Agent within a reasonable time following the Administrative Agent’s request,
and at the expense of the Borrowers, such other documents or instruments as the Administrative
Agent may reasonably require to effectuate more fully the purposes of this Agreement or the
other Loan Documents and to provide for Advances under and payment of Notes in accordance with
the intents and purposes herein and therein expressed.

     (c) Provide the Administrative Agent, within five (5) Business Days following the
Administrative Agent’s request therefor, with any other information required by Section 326 of
the USA Patriot Act or necessary for the Administrative Agent and the Lenders to verify the
identity of each Borrower and any of its Subsidiaries as required by Section 326 of the USA
Patriot Act.

     7.18 Notices Relating to Acquisition. In the event that after the Effective
Date: (i) the Administrative Borrower is required or elects to purchase any of the Acquisition
Properties which had been excluded from, or return any of the Acquisition Properties which had been
included in, the Acquisition Properties in accordance with the terms of the Acquisition Documents,
(ii) the Administrative Borrower is required to honor any preferential purchase right in respect of
any Acquisition Property which has not been waived, (iii) any matter being disputed in accordance
with the terms of the Acquisition Documents is resolved or (iv) the Administrative

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Borrower and the Seller calculate and agree upon the “closing adjustment statement” or
“post-closing adjustment statement” as contemplated by the Acquisition Documents, then, in
each such case, promptly give the Administrative Agent notice in reasonable detail of such
circumstances.

     7.19 Required Life Insurance. Maintain key man life insurance policy(ies) in
reasonable form and substance satisfactory to the Administrative Agent and issued by an insurance
company satisfactory to the Administrative Agent insuring the life of the chief executive officer
of Administrative Borrower from time to time holding such office, which chief executive officer is
Brian Bierbach as of the Effective Date, in the amount of $5,000,000.

     7.20 Enforcement of Material Contracts. Enforce all materials rights and
interests under each Material Contract except to the extent any failure to so enforce such rights
(i) does not violate the terms of this Agreement or any of the other Loan Documents, (ii) does not
material adversely affect the interest of the Lenders as creditors and/or secured parties under any
Loan Document and (iii) could not reasonably be expected to have a Material Adverse Effect.

     7.21 Projections. Within sixty (60) days following the Effective Date, the
Borrowers shall deliver the monthly projections of the Administrative Borrower and its Consolidated
Subsidiaries through December, 2010.

     7.22 Bamagas. Use commercially reasonable efforts to obtain the Consent, and, to
the extent the Consent is not obtained prior the Effective Date, within five (5) Business Days of
obtaining the Consent, cause Bamagas to execute and deliver to the Administrative Agent, for and on
behalf of each of the Lenders (unless waived by the Administrative Agent), the items described in
Section 7.13(a) hereof that are otherwise required to be executed and delivered by each
Person which becomes a Domestic Subsidiary of any Borrower (directly or indirectly) subsequent to
the Effective Date, whether by Permitted Acquisition or otherwise.

8. NEGATIVE COVENANTS.

     Each Borrower covenants and agrees that, so long as any Lender has any commitment to extend
credit hereunder, or any of the Indebtedness remains outstanding and unpaid, it will not, and, as
applicable, it will not permit any of its Subsidiaries to:

     8.1 Limitation on Debt. Create, incur, assume or suffer to exist any Debt,
except:

     (a) Indebtedness of any Borrower or any of its Subsidiaries to the Administrative
Agent and the Lenders under this Agreement and/or the other Loan Documents;

     (b) any Debt existing on the Effective Date and set forth in Schedule 8.1
attached hereto and any renewals or refinancing of such Debt (provided that (i) the aggregate
principal amount of such renewed or refinanced Debt shall not exceed the aggregate principal
amount of the original Debt outstanding on the Effective Date (less any principal payments on
term Debt and the amount of any commitment reductions made thereon on or prior to such renewal
or refinancing), (ii) the renewal or refinancing of such Debt shall be on substantially the
same or better terms as in effect with respect to such Debt on the Effective Date, and shall
otherwise be in compliance with this

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Agreement, and (iii) at the time of such renewal or refinancing no Default or Event of
Default has occurred and is continuing or would result from the renewal or refinancing of such
Debt;

     (c) any Debt of any Borrower or any Subsidiary incurred to finance the acquisition
of fixed or capital assets, whether pursuant to a loan or a Capitalized Lease provided that
both at the time of and immediately after giving effect to the incurrence thereof (i) no
Default or Event of Default shall have occurred and be continuing, and (ii) the aggregate
amount of all such Debt at any one time outstanding (including, without limitation, any Debt
of the type described in this clause (c) which is set forth on Schedule 8.1
hereof) shall not exceed $1,000,000, and any renewals or refinancings of such Debt on terms
substantially the same or better than those in effect at the time of the original incurrence
of such Debt;

     (d) any Debt of any Borrower or any Subsidiary that is assumed to finance the cost
of Permitted Acquisitions to the extent all such Debt at any one time outstanding does not
exceed $1,000,000;

     (e) Debt under any Hedging Transactions, provided that such transaction is entered
into for risk management purposes and not for speculative purposes;

     (f) Debt arising from judgments or decrees not deemed to be a Default or Event of
Default under subsection (g) of Section 9.1;

     (g) Debt owing to a Person that is a Credit Party, but only to the extent
permitted under Section 8.6 hereof;

     (h) Debt incurred in connection with the Permitted Sale/Leaseback Transactions;
and

     (i) the guarantee of or other reimbursement obligations in connection with
performance bonds issued in connection with or related to the Pipeline Systems to the extent
all such Debt at any one time outstanding does not exceed $1,000,000; and

     (j) additional unsecured Debt not otherwise described above, provided that both
at the time of and immediately after giving effect to the incurrence thereof (i) no Default or
Event of Default shall have occurred and be continuing or result therefrom and (ii) the
aggregate amount of all such Debt shall not exceed $1,000,000 at any one time outstanding.

Notwithstanding the foregoing, however, Debt of the type described in clauses (c),
(d) and (j) of this Section 8.1 shall not be permitted to be incurred
or assumed by Bamagas until such time as the Consent is obtained and the other terms and
provisions of Section 7.22 have been satisfied in full.

     8.2 Limitation on Liens. Create, incur, assume or suffer to exist any Lien upon
any of its property, assets or revenues, whether now owned or hereafter acquired, except for:

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     (a) Permitted Liens;

     (b) Liens securing Debt permitted by Section 8.1(c), provided
that, (i) such Liens are created upon fixed or capital assets acquired or leased by
the applicable Borrower or its applicable Subsidiary after the date of this Agreement
(including without limitation by virtue of a loan or a Capitalized Lease), (ii) any such Lien
is created solely for the purpose of securing indebtedness representing or incurred to finance
the cost of the acquisition, construction or improvement of the item of property subject
thereto, (iii) the principal amount of the Debt secured by any such Lien shall at no time
exceed 100% of the sum of the purchase price or cost of the applicable property, equipment or
improvements and the related costs and charges imposed by the vendors thereof and (iv) the
Lien does not cover any property other than the fixed or capital asset acquired;
provided, however, that no such Lien shall be created over any owned Pipeline
Systems or other Real Property of any Borrower or any of its Subsidiaries for which the
Administrative Agent has received a Mortgage or for which such party is required to execute a
Mortgage pursuant to the terms of this Agreement;

     (c) Liens created pursuant to the Loan Documents;

     (d) any escrow account of the Administrative Borrower required by the Seller for
obligations under the Acquisition documents;

     (e) other Liens, existing on the Effective Date, set forth on Schedule 8.2
and renewals, refinancings and extensions thereof on substantially the same or better terms as
in effect on the Effective Date and otherwise in compliance with this Agreement;

     (f) Liens to secure Hedging Transactions with any of the Lenders or Affiliates
thereof;

     (g) Liens existing on any property or asset prior to the acquisition thereof by
any Borrower or any of its Subsidiaries or existing on any property or asset of any Person
that becomes a Subsidiary after the Effective Date prior to the time such Person becomes a
Subsidiary; provided that (i) such Liens are not created in contemplation of or in connection
with such acquisition or such Person becoming a Subsidiary, as applicable, (ii) such Liens
shall not apply to any other property or assets of any Borrower or any of its other
Subsidiaries, (iii) such Liens shall secure only those obligations which it secures on the
date of such acquisition or the date such Person becomes a Subsidiary, as applicable, and
extensions, renewals, refinancings and replacements thereof that do not increase the
outstanding principal amount thereof and (iv) the Debt secured by such Lien is Debt permitted
under Section 8.1(d) hereof;

     (h) Liens arising solely by virtue of any statutory or common law provisions
relating to banker’s Liens, rights of set-off, netting or similar rights and remedies as to
deposit, securities and commodities accounts;

     (i) Liens of sellers of goods to any Borrower or any of its Subsidiaries arising
under Article 2 of the Uniform Commercial Code or similar provision of applicable law

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and any deposits with vendors in the ordinary course of business solely in connection
with the purchase of such goods;

     (j) Liens arising out of conditional sale, title retention, consignment or
similar arrangements, or by way of contract that secures Debt under any agreement, for the
sale of goods and services, in each case, in the ordinary course of business; and

     (k) Liens arising in connection with the Permitted Sale/Leaseback Transactions.

Regardless of the provisions of this Section 8.2, no Lien over the Equity Interests of any
Borrower or any Subsidiary of any Borrower (except for those Liens for the benefit of the
Administrative Agent and the Lenders) shall be permitted under the terms of this Agreement.

     8.3 Acquisitions. Except for Permitted Acquisitions and acquisitions permitted
under Section 8.6, if any, purchase or otherwise acquire or become obligated for the
purchase of all or substantially all or any material portion of the assets or business interests or
a division or other business unit of any Person, or any Equity Interest of any Person, or any
business or going concern.

     8.4 Limitation on Mergers, Dissolution or Sale of Assets. Enter into any merger
or consolidation or convey, sell, lease, assign, transfer or otherwise dispose of any of its
property, business or assets (including, without limitation, Equity Interests, receivables and
leasehold interests), whether now owned or hereafter acquired or liquidate, wind up or dissolve,
except:

     (a) Inventory leased or sold in the ordinary course of business;

     (b) obsolete, damaged, uneconomic or worn out machinery, parts, property or
equipment, or property or equipment no longer used or useful in the conduct of the businesses
of the Borrowers or their Subsidiaries;

     (c) mergers or consolidations of any Subsidiary of any Borrower with or into any
Borrower or any Guarantor so long as such Borrower or such Guarantor shall be the continuing
or surviving entity; provided that at the time of each such merger or consolidation, both
before and after giving effect thereto, no Default or Event of Default shall have occurred and
be continuing or result from such merger or consolidation;

     (d) any Subsidiary of any Borrower may liquidate or dissolve into a Borrower or a
Guarantor if the Borrowers determine in good faith that such liquidation or dissolution is in
the best interests of the Borrowers, so long as no Default or Event of Default has occurred
and is continuing or would result therefrom;

     (e) sales or transfers, including without limitation upon voluntary liquidation
from any of the Borrowers’ Subsidiaries to a Borrower or a Guarantor, provided that the
applicable Borrower or Guarantor takes such actions as the Administrative Agent may reasonably
request to ensure the perfection and priority of the Liens in favor of the Lenders over such
transferred assets;

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     (f) subject to Section 4.8(a) hereof, (i) Asset Sales (exclusive of asset
sales permitted pursuant to all other subsections of this Section 8.4) in which the
sales price is at least equal to the fair market value of the assets sold and the
consideration received is cash or cash equivalents or Debt of any Borrower or any of its
Subsidiaries being assumed by the purchaser, provided that the aggregate amount of such Asset
Sales does not exceed $2,500,000 in any Fiscal Year and no Default or Event of Default has
occurred and is continuing at the time of each such sale (both before and after giving effect
to such Asset Sale), and (ii) other Asset Sales approved by the Majority Lenders in their sole
discretion;

     (g) the sale or disposition of Permitted Investments and other cash equivalents in
the ordinary course of business;

     (h) dispositions of owned or leased vehicles in the ordinary course of business;
and

     (i) the Permitted Sale/Leaseback Transactions.

The Lenders hereby consent and agree to the release by the Administrative Agent of any and all
Liens on the property sold or otherwise disposed of in compliance with this Section 8.4.

     8.5 Restricted Payments. Declare or make any distributions, dividend, payment
or other distribution of assets, properties, cash, rights, obligations or securities (collectively,
“Distributions”) on account of any of its Equity Interests, as applicable, or purchase,
redeem or otherwise acquire for value any of its Equity Interests, as applicable, or any warrants,
rights or options to acquire any of its Equity Interests, now or hereafter outstanding
(collectively, “Purchases”), except to the extent each of the following conditions are
satisfied:

     (a) no Default or Event of Default exists or would, after giving effect thereto,
exist;

     (b) the Total Debt to Consolidated EBITDA Ratio is less than 3.00:1.00 as of the
most recently ended Test Period, but including any Debt incurred between the end of such Test
Period and the date of the applicable Distribution or Purchase and excluding any Debt paid
between the end of such Test Period and the date of the applicable Distribution or Purchase;
and

     (c) the Borrowers have Unused Revolving Credit Availability of at least
$7,500,000.

     8.6 Limitation on Investments, Loans and Advances. Make or allow to remain
outstanding any Investment (whether such investment shall be of the character of investment in
shares of stock, evidences of indebtedness or other securities or otherwise) in, or any loans or
advances to, any Person other than:

     (a) Permitted Investments;

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     (b) Investments existing on the Effective Date and listed on Schedule 8.6
hereof;

     (c) sales on open account in the ordinary course of business;

     (d) intercompany loans or intercompany Investments made by any Borrower or any of
its Subsidiaries to or in any Guarantor or any other Borrower; provided that, in the case of
any intercompany loans or intercompany Investments made by any Borrower in Guarantors
(excluding the Parent and the Parent General Partner), the aggregate amount from time to time
outstanding in respect thereof shall not exceed $1,000,000; and provided, further, that in
each case, no Default or Event of Default shall have occurred and be continuing at the time of
making such intercompany loan or intercompany Investment or result from such intercompany loan
or intercompany Investment being made and that any intercompany loans are Collateral pledged
to the Administrative Agent under the appropriate Collateral Documents and are, to the extent
requested by the Administrative Agent, evidenced by and funded under an Intercompany Note
pledged to the Administrative Agent under the appropriate Collateral Documents;
provided, however, notwithstanding the foregoing and for the avoidance of
doubt, there is no limitation on Investments by any Borrower in the Parent or the Parent
General Partner for purposes of reimbursement or payment of employee-related costs such as
payroll and benefits;

     (e) Investments in respect of Hedging Transactions provided that such transaction
is entered into for risk management purposes and not for speculative purposes;

     (f) loans and advances to employees, officers and directors of any Borrower or
any of its Subsidiaries for moving, entertainment, travel and other similar expenses in the
ordinary course of business in an aggregate amount not exceed $100,000 at any time
outstanding;

     (g) Permitted Acquisitions and Investments in any Person acquired pursuant to a
Permitted Acquisition;

     (h) Investments constituting deposits made in connection with the purchase of
goods or services in the ordinary course of business in an aggregate amount for such deposits
not to exceed $500,000 at any one time outstanding; and

     (i) other Investments not described above provided that both at the time of and
immediately after giving effect to any such Investment (i) no Default or Event of Default
shall have occurred and be continuing or shall result from the making of such Investment and
(ii) the aggregate amount of all such Investments shall not exceed $500,000 at any time
outstanding.

In valuing any Investments for the purpose of applying the limitations set forth in this
Section 8.6 (except as otherwise expressly provided herein), such Investment shall be taken
at the original cost thereof, without allowance for any subsequent write-offs or appreciation or
depreciation, but less any amount repaid or recovered on account of capital or principal.

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     8.7 Transactions with Affiliates. Except as set forth in Schedule 8.7
and as limited in Section 8.13 hereof, enter into any transaction, including, without
limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with
any Affiliates of any Borrower and its Subsidiaries except: (a) transactions with Affiliates that
are the Borrowers or Guarantors; (b) transactions otherwise permitted under this Agreement; and (c)
transactions in the ordinary course of the businesses of the Borrowers and their Subsidiaries and
upon fair and reasonable terms no less favorable to such party than it would obtain in a comparable
arms length transaction from unrelated third parties.

     8.8 Sale-Leaseback Transactions. Except for the Permitted Sale/Leaseback
Transactions, enter into any arrangement with any Person providing for the leasing by any Borrower
or its Subsidiaries of real or personal property which has been or is to be sold or transferred by
such party to such Person or to any other Person to whom funds have been or are to be advanced by
such Person on the security of such property or rental obligations of such party, as the case may
be.

     8.9 Limitations on Other Restrictions. Except for this Agreement or any other
Loan Document, enter into any agreement, document or instrument which would (i) restrict the
ability of any Subsidiary of any Borrower to pay or make dividends or distributions in cash or kind
to any Borrower or any Guarantor, to make loans, advances or other payments of whatever nature to
any Borrower or any of its Subsidiaries, or to make transfers or distributions of all or any part
of its assets to any Borrower or any of its Subsidiaries; or (ii) restrict or prevent any Borrower
or any of its Subsidiaries from granting the Administrative Agent on behalf of Lenders Liens upon,
security interests in and pledges of their respective assets, except to the extent such
restrictions exist in documents creating Liens permitted by Section 8.2(b) hereunder.

     8.10 Reserved.

     8.11 Reserved.

     8.12 Modification of Certain Agreements. Make, permit or consent to any amendment
or other modification to the constitutional documents of any Borrower or any of its Subsidiaries or
any Material Contract except to the extent that any such amendment or modification (i) does not
violate the terms and conditions of this Agreement or any of the other Loan Documents, and (ii)
could not reasonably be expected to have a Material Adverse Effect; provided,
however, the Administrative Agent shall have received a true and correct copy of any such
amendment or other modification at least five (5) Business Days prior to the execution and delivery
thereof.

     8.13 Management Fees. Pay or otherwise advance, directly or indirectly, any
management, consulting or other fees to an Affiliate; provided, however, that so
long as no Default has occurred and is continuing or, after giving effect to such payment or
advance, would exist, the Borrowers may pay management, consulting or other fees as described in
the Advisory Services Agreement in effect on the Closing Date, as amended with the consent of the
Administrative Agent, such consent not to be unreasonably withheld.

     8.14 Fiscal Year. Permit the Fiscal Year of any Borrower or any of its
Subsidiaries to end on a day other than December 31.

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     8.15 Acquisition Documents. Amend, modify or supplement any of the Acquisition
Documents if the effect thereof could reasonably be expected to have a Material Adverse Effect (and
provided that the Administrative Borrower promptly furnishes to the Administrative Agent a copy of
such amendment, modification or supplement).

     8.16 State and FERC Regulatory Authority. Except in the ordinary course of
business (to the extent that the Administrative Agent receives notice within five (5) Business Days
thereof), knowingly take any action or permit any Borrower or any of its Subsidiaries to take any
action which could cause any Borrower’s or any of its Subsidiaries’ business that is not already so
regulated or treated to be (a) regulated as a “utility”, “public utility” or a
“gas utility” by any State Pipeline Regulatory Agency; (b) deemed to be providing any
service that would require the prior approval of any State Pipeline Regulatory Agency in order to
discontinue or abandon such service; (c) within the meaning of the regulations of any State
Pipeline Regulatory Agency be deemed to be charging a “residential rate” or “commercial
rate” or (ii) providing “gas utility service to residential and small commercial
customers” (within the meaning of Section 7.45 of the rules of the Texas Railroad Commission);
or (d) subject to FERC jurisdiction.

9. DEFAULTS.

     9.1 Events of Default. The occurrence of any of the following events shall
constitute an Event of Default hereunder:

     (a) non-payment when due of (i) the principal or interest on the Indebtedness
under the Revolving Credit (including the Swing Line) and the Term Loan or (ii) any
Reimbursement Obligation;

     (b) non-payment of any other amounts due and owing by the Borrowers under this
Agreement or by any Credit Party under any of the other Loan Documents to which it is a party,
other than as set forth in subsection (a) above, within three (3) Business Days after
the same is due and payable;

     (c) default in the observance or performance of any of the conditions, covenants
or agreements of the Borrowers set forth in Sections 7.1, 7.2, 7.4(a)
and (e), 7.5(c), (d), (e) and (f), 7.6,
7.7, 7.9, 7.13, 7.14, 7.15, 7.16, 7.17
or Article 8 in its entirety, provided that an Event of Default arising from a breach
of Sections 7.1 or 7.2 shall be deemed to have been cured upon delivery of the
required item; and provided further that any Event of Default arising solely due to a breach
of Section 7.7 shall be deemed cured upon the earlier of (x) the giving of the notice
required by Section 7.7 and (y) the date upon which the Default or Event of Default
giving rise to the notice obligation is cured or waived;

     (d) default in the observance or performance of any of the other conditions,
covenants or agreements set forth in this Agreement or any of the other Loan Documents by any
Credit Party and continuance thereof for a period of thirty (30) consecutive days;

     (e) any representation or warranty made by any Credit Party herein or in any
certificate, instrument or other document submitted pursuant hereto proves untrue or
misleading in any material adverse respect when made;

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     (f) (i) default by any Credit Party in the payment of any indebtedness for
borrowed money, whether under a direct obligation or guaranty (other than Indebtedness
hereunder) of any Credit Party in excess of One Million Dollars ($1,000,000) (or the
equivalent thereof in any currency other than Dollars) individually or in the aggregate when
due and continuance thereof beyond any applicable period of cure and or (ii) failure to comply
with the terms of any other obligation of any Credit Party with respect to any indebtedness
for borrowed money (other than Indebtedness hereunder) in excess of One Million Dollars
($1,000,000) (or the equivalent thereof in any currency other than Dollars) individually or in
the aggregate, which continues beyond any applicable period of cure and which would permit the
holder or holders thereto to accelerate such other indebtedness for borrowed money, or require
the prepayment, repurchase, redemption or defeasance of such indebtedness;

     (g) the rendering of any judgment(s) (not covered by adequate insurance from a
solvent carrier which is defending such action without reservation of rights) for the payment
of money in excess of the sum of One Million Dollars ($1,000,000) (or the equivalent thereof
in any currency other than Dollars) individually or in the aggregate against any Credit Party,
and such judgments shall remain unpaid, unvacated, unbonded or unstayed by appeal or otherwise
for a period of thirty (30) consecutive days from the date of its entry;

     (h) the occurrence of (i) a “reportable event”, as defined in ERISA, which
is determined by the PBGC to constitute grounds for a distress termination of any Pension Plan
subject to Title IV of ERISA maintained or contributed to by or on behalf of any Credit Party
for the benefit of any of its employees or for the appointment by the appropriate United
States District Court of a trustee to administer such Pension Plan and such reportable event
is not corrected and such determination is not revoked within sixty (60) days after notice
thereof has been given to the plan administrator of such Pension Plan (without limiting any of
the Administrative Agent’s or any Lender’s other rights or remedies hereunder), or (ii) the
termination or the institution of proceedings by the PBGC to terminate any such Pension Plan,
or (iii) the appointment of a trustee by the appropriate United States District Court to
administer any such Pension Plan, or (iv) the reorganization (within the meaning of Section
4241 of ERISA) or insolvency (within the meaning of Section 4245 of ERISA) of any
Multiemployer Plan, or receipt of notice from any Multiemployer Plan that it is in
reorganization or insolvency, or the complete or partial withdrawal by any Credit Party from
any Multiemployer Plan, which in the case of any of the foregoing, could reasonably be
expected to have a Material Adverse Effect;

     (i) except as expressly permitted under this Agreement, any Credit Party shall be
dissolved (other than a dissolution of a Subsidiary of any Borrower which is not a Guarantor
or a Borrower) or liquidated (or any judgment, order or decree therefor shall be entered)
except as otherwise permitted herein; or if a creditors’ committee shall have been appointed
for the business of any Credit Party; or if any Credit Party shall have made a general
assignment for the benefit of creditors or shall have been adjudicated bankrupt and if not an
adjudication based on a filing by a Credit Party, it shall not have been dismissed within
ninety (90) days, or shall have filed a voluntary petition in bankruptcy or for reorganization
or to effect a plan or arrangement with creditors or shall

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fail to pay its debts generally as such debts become due in the ordinary course of
business (except as contested in good faith and for which adequate reserves are made in such
party’s financial statements); or shall file an answer to a creditor’s petition or other
petition filed against it, admitting the material allegations thereof for an adjudication in
bankruptcy or for reorganization; or shall have applied for or permitted the appointment of a
receiver or trustee or custodian for any of its property or assets; or such receiver, trustee
or custodian shall have been appointed for any of its property or assets (otherwise than upon
application or consent of a Credit Party) and shall not have been removed within ninety (90)
days; or if an order shall be entered approving any petition for reorganization of any Credit
Party and shall not have been reversed or dismissed within ninety (90) days;

     (j) a Change of Control; or

     (k) any Loan Document shall at any time for any reason cease to be in full force
and effect (other than in accordance with the terms thereof or the terms of any other Loan
Document), as applicable, or the validity, binding effect or enforceability thereof shall be
contested by any party thereto (other than any Lender, the Administrative Agent, Issuing
Lender or Swing Line Lender), or any Person shall deny that it has any or further liability or
obligation under any Loan Document, or any such Loan Document shall be terminated (other than
in accordance with the terms thereof or the terms of any other Loan Document), invalidated,
revoked or set aside or in any way cease to give or provide to the Lenders and the
Administrative Agent the benefits purported to be created thereby, or any Loan Document
purporting to grant a Lien to secure any Indebtedness shall, at any time after the delivery of
such Loan Document, fail to create a valid and enforceable Lien on any Collateral purported to
be covered thereby or such Lien shall fail to cease to be a perfected Lien with the priority
required in the relevant Loan Document.

     9.2 Exercise of Remedies. If an Event of Default has occurred and is continuing
hereunder: (a) the Administrative Agent may, and shall, upon being directed to do so by the
Majority Revolving Credit Lenders, declare the Revolving Credit Aggregate Commitment terminated;
(b) the Administrative Agent may, and shall, upon being directed to do so by the Majority Lenders,
declare the entire unpaid principal Indebtedness, including the Notes, immediately due and payable,
without presentment, notice or demand, all of which are hereby expressly waived by the Borrowers;
(c) upon the occurrence of any Event of Default specified in Section 9.1(i) and
notwithstanding the lack of any declaration by the Administrative Agent under preceding clauses
(a) or (b), the entire unpaid principal Indebtedness shall become automatically and
immediately due and payable, and the Revolving Credit Aggregate Commitment shall be automatically
and immediately terminated; (d) the Administrative Agent shall, upon being directed to do so by the
Majority Revolving Credit Lenders, demand immediate delivery of cash collateral, and the Borrowers
agree to deliver such cash collateral upon demand, in an amount equal to 110% of the maximum amount
that may be available to be drawn at any time prior to the stated expiry of all outstanding Letters
of Credit, for deposit into an account controlled by the Administrative Agent; (e) the
Administrative Agent may, and shall, upon being directed to do so by the Majority Lenders, notify
the Administrative Borrower or any Credit Party that interest shall accrue and be payable on demand
on all Indebtedness (other than Revolving Credit Advances, Swing Line Advances and Term Loan
Advances with respect to which Sections 2.6

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and 4.6 hereof shall govern) owing from time to time to the Administrative Agent or
any Lender, at a per annum rate equal to the then applicable Base Rate plus two percent (2%); and
(f) the Administrative Agent may, and shall, upon being directed to do so by the Majority Lenders
or the Lenders, as applicable (subject to the terms hereof), exercise any remedy permitted by this
Agreement, the other Loan Documents or applicable law.

     9.3 Rights Cumulative. No delay or failure of the Administrative Agent and/or
Lenders in exercising any right, power or privilege hereunder shall affect such right, power or
privilege, nor shall any single or partial exercise thereof preclude any further exercise thereof,
or the exercise of any other power, right or privilege. The rights of the Administrative Agent and
Lenders under this Agreement are cumulative and not exclusive of any right or remedies which
Lenders would otherwise have.

     9.4 Waiver by the Borrowers of Certain Laws. To the extent permitted by
applicable law, the Borrowers hereby agree to waive, and do hereby absolutely and irrevocably waive
and relinquish the benefit and advantage of any valuation, stay, appraisement, extension or
redemption laws now existing or which may hereafter exist, which, but for this provision, might be
applicable to any sale made under the judgment, order or decree of any court, on any claim for
interest on the Notes, or any security interest or mortgage contemplated by or granted under or in
connection with this Agreement. These waivers have been voluntarily given, with full knowledge of
the consequences thereof.

     9.5 Waiver of Defaults. No Event of Default shall be waived by the Lenders
except in writing signed by an officer of the Administrative Agent in accordance with Section
13.10 hereof. No single or partial exercise of any right, power or privilege hereunder, nor
any delay in the exercise thereof, shall preclude other or further exercise of their rights by the
Administrative Agent or the Lenders. No waiver of any Event of Default shall extend to any other
or further Event of Default. No forbearance on the part of the Administrative Agent or the Lenders
in enforcing any of their rights shall constitute a waiver of any of their rights. The Borrowers
expressly agree that this Section may not be waived or modified by the Lenders or the
Administrative Agent by course of performance, estoppel or otherwise.

     9.6 Set Off. Upon the occurrence and during the continuance of any Event of
Default, each Lender may at any time and from time to time, without notice to the Borrowers but
subject to the provisions of Section 10.3 hereof (any requirement for such notice being
expressly waived by the Borrowers), setoff and apply against any and all of the obligations of the
Borrowers now or hereafter existing under this Agreement, whether owing to such Lender, any
Affiliate of such Lender or any other Lender or the Administrative Agent, any and all deposits
(general or special, time or demand, provisional or final) at any time held and other indebtedness
at any time owing by such Lender to or for the credit or the account of any Borrower and any
property of any Borrowers from time to time in possession of such Lender, irrespective of whether
or not such deposits held or indebtedness owing by such Lender may be contingent and unmatured and
regardless of whether any Collateral then held by the Administrative Agent or any Lender is
adequate to cover the Indebtedness. Promptly following any such setoff, such Lender shall give
written notice to the Administrative Agent and the Administrative Borrower of the occurrence
thereof. The Borrowers hereby grant to the Lenders and the Administrative Agent a lien on and
security interest in all such deposits, indebtedness and property as collateral

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security for the payment and performance of all of the obligations of the Borrowers under this
Agreement. The rights of each Lender under this Section 9.6 are in addition to the other
rights and remedies (including, without limitation, other rights of setoff) which such Lender may
have.

10. PAYMENTS, RECOVERIES AND COLLECTIONS.

     10.1 Payment Procedure.

     (a) All payments to be made by the Borrowers shall be made without condition or
deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise provided
herein, all payments made by the Borrowers of principal, interest or fees hereunder shall be
made without setoff or counterclaim on the date specified for payment under this Agreement and
must be received by the Administrative Agent not later than 1:00 p.m. (Detroit, Michigan time)
on the date such payment is required or intended to be made in Dollars in immediately
available funds to the Administrative Agent at the Administrative Agent’s office located at
One Detroit Center, Detroit, Michigan 48226-3289, for the ratable benefit of the Revolving
Credit Lenders in the case of payments in respect of the Revolving Credit and any Letter of
Credit Obligations and for the ratable benefit of the Term Loan Lenders in the case of
payments in respect of the Term Loan. Any payment received by the Administrative Agent after
1:00 p.m. (Detroit, Michigan time) shall be deemed received on the next succeeding Business
Day and any applicable interest or fee shall continue to accrue. Upon receipt of each such
payment, the Administrative Agent shall make prompt payment to each applicable Lender, or, in
respect of Eurodollar-based Advances, such Lender’s Eurodollar Lending Office, in like funds
and currencies, of all amounts received by it for the account of such Lender.

     (b) Unless the Administrative Agent shall have been notified in writing by the
Administrative Borrower at least two (2) Business Days prior to the date on which any payment
to be made by the Borrowers is due that the Borrowers do not intend to remit such payment, the
Administrative Agent may, in its sole discretion and without obligation to do so, assume that
the Borrowers have remitted such payment when so due and the Administrative Agent may, in
reliance upon such assumption, make available to each Revolving Credit Lender or Term Loan
Lender, as the case may be, on such payment date an amount equal to such Lender’s share of
such assumed payment. If the Borrowers have not in fact remitted such payment to the
Administrative Agent, each Lender shall forthwith on demand repay to the Administrative Agent
the amount of such assumed payment made available or transferred to such Lender, together with
the interest thereon, in respect of each day from and including the date such amount was made
available by the Administrative Agent to such Lender to the date such amount is repaid to the
Administrative Agent at a rate per annum equal to the Federal Funds Effective Rate for the
first two (2) Business Days that such amount remains unpaid, and thereafter at a rate of
interest then applicable to such Revolving Credit Advances.

     (c) Subject to the definition of “Interest Period” in Section 1 of
this Agreement, whenever any payment to be made hereunder shall otherwise be due on a day
which is not a Business Day, such payment shall be made on the next succeeding

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Business Day and such extension of time shall be included in computing interest, if any,
in connection with such payment.

     (d) All payments to be made by the Borrowers under this Agreement or any of the
Notes (including without limitation payments under the Swing Line and/or Swing Line Note)
shall be made without setoff or counterclaim, as aforesaid, and, subject to full compliance by
each Lender (and each assignee and participant pursuant to Section 13.8) with
Section 13.13, without deduction for or on account of any present or future
withholding or other taxes of any nature imposed by any Governmental Authority or of any
political subdivision thereof or any federation or organization of which such Governmental
Authority may at the time of payment be a member (other than any taxes on the overall income,
net income, net profits or net receipts or similar taxes (or any franchise taxes imposed in
lieu of such taxes) on the Administrative Agent or any Lender (or any branch maintained by the
Administrative Agent or a Lender) as a result of a present or former connection between the
Administrative Agent or such Lender and the Governmental Authority, political subdivision,
federation or organization imposing such taxes), unless any Borrower is compelled by law to
make payment subject to such tax. In such event, the Borrowers shall:

     (i) pay to the Administrative Agent for the Administrative Agent’s own
account and/or, as the case may be, for the account of the Lenders such additional
amounts as may be necessary to ensure that the Administrative Agent and/or such Lender
or Lenders (including the Swing Line Lender) receive a net amount equal to the full
amount which would have been receivable had payment not been made subject to such tax;
and

     (ii) remit such tax to the relevant taxing authorities according to
applicable law, and send to the Administrative Agent or the applicable Lender or Lenders
(including the Swing Line Lender), as the case may be, such certificates or certified
copy receipts as the Administrative Agent or such Lender or Lenders shall reasonably
require as proof of the payment by any Borrower of any such taxes payable by such
Borrower.

As used herein, the terms “tax”, “taxes” and “taxation” include all taxes,
levies, imposts, duties, fees, deductions and withholdings or similar charges together with
interest (and any taxes payable upon the amounts paid or payable pursuant to this Section
10.1) thereon. The Borrowers shall be reimbursed by the applicable Lender for any payment made
by the Borrowers under this Section 10.1 if the applicable Lender is not in compliance with
its obligations under Section 13.13 at the time of the Borrowers’ payment.

     10.2 Application of Proceeds of Collateral. Notwithstanding anything to the
contrary in this Agreement, in the case of any Event of Default under Section 9.1(i),
immediately following the occurrence thereof, and in the case of any other Event of Default, upon
the termination of the Revolving Credit Aggregate Commitment, the acceleration of any Indebtedness
arising under this Agreement and/or the exercise of any other remedy in each case by the requisite
Lenders under Section 9.2 hereof, the Administrative Agent shall apply the proceeds of any
Collateral, together with any offsets, voluntary payments by any Credit Party or

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others and any other sums received or collected in respect of the Indebtedness first, to pay
all incurred and unpaid fees and expenses of the Administrative Agent under the Loan Documents and
any protective advances made by the Administrative Agent with respect to the Collateral under or
pursuant to the terms of any Loan Document, next, to pay any fees and expenses owed to the Issuing
Lender hereunder, next, to the Indebtedness under the Revolving Credit (including the Swing Line
and any Reimbursement Obligations) and the Term Loan, on a pro rata basis, next to any obligations
owing by any Credit Party under any Hedging Agreements on a pro rata basis, next, to any other
Indebtedness on a pro rata basis, and then, if there is any excess, to the Credit Parties, as the
case may be.

     10.3 Pro-rata Recovery. If any Lender shall obtain any payment or other recovery
(whether voluntary, involuntary, by application of setoff or otherwise) on account of principal of,
or interest on, any of the Advances made by it, or the participations in Letter of Credit
Obligations or Swing Line Advances held by it in excess of its pro rata share of payments then or
thereafter obtained by all Lenders upon principal of and interest on all such Indebtedness, such
Lender shall purchase from the other Lenders such participations in the Revolving Credit, the Term
Loan and/or the Letter of Credit Obligation held by them as shall be necessary to cause such
purchasing Lender to share the excess payment or other recovery ratably in accordance with the
applicable Percentages of the Lenders; provided, however, that if all or any
portion of the excess payment or other recovery is thereafter recovered from such purchasing
holder, the purchase shall be rescinded and the purchase price restored to the extent of such
recovery, but without interest.

     10.4 Treatment of a Defaulting Lender.

     (a) The obligation of any Lender to make any Advance hereunder shall not be
affected by the failure of any other Lender to make any Advance under this Agreement, and no
Lender shall have any liability to the Borrowers or any of their Subsidiaries, the
Administrative Agent, any other Lender, or any other Person for another Lender’s failure to
make any loan or Advance hereunder.

     (b) If any Lender shall become a Defaulting Lender, then such Defaulting Lender’s
right to participate in the administration of the loans, this Agreement and the other Loan
Documents, including without limitation any right to vote in respect of any amendment, consent
or waiver of the terms of this Agreement or such other Loan Documents, or to direct or approve
any action or inaction by the Administrative Agent shall be suspended for the entire period
that such Lender remains a Defaulting Lender and the stated commitment amounts and outstanding
Advances of such Defaulting Lender shall not be included in determining whether all Lenders or
the Majority Lender (or any class thereof), as the case may be, have taken or may take any
action hereunder (including, without limitation, any action to approve any consent, waiver or
amendment to this Agreement or the other Loan Documents); provided, however,
that the foregoing shall not permit (i) an increase in such Defaulting Lender’s stated
commitment amounts, (ii) the waiver, forgiveness or reduction of the principal amount of any
Indebtedness outstanding to such Defaulting Lender (unless all other Lenders affected thereby
are treated similarly), (iii) the extension of the final maturity date(s) of such Defaulting
Lenders’ portion of any of the loans or other extensions of credit or other obligations of

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the Borrowers owing to such Defaulting Lender, in each case without such Defaulting
Lender’s consent, or (iv) any other modification which under Section 13.10 requires
the consent of all Lenders or the Lender(s) affected thereby which affects the Defaulting
Lender differently than the Non-Defaulting Lenders affected by such modification, other than a
change to or waiver of the requirements of Section 10.3 which results in a reduction
of the Defaulting Lender’s commitment or its share of the Indebtedness on a non pro-rata
basis.

     (c) To the extent and for so long as a Lender remains a Defaulting Lender and
notwithstanding the provisions of Section 10.3 hereof, the Administrative Agent shall
be entitled, without limitation, (i) to withhold or setoff and to apply in satisfaction of
those obligations for payment (and any related interest) in respect of which the Defaulting
Lender shall be delinquent or otherwise in default to the Administrative Agent or any Lender
(or to hold as cash collateral for such delinquent obligations or any future defaults) the
amounts otherwise payable to such Defaulting Lender under this Agreement or any other Loan
Document, (ii) if the amount of Advances made by such Defaulting Lender is less than its
Percentage requires, apply payments of principal made by the Borrowers amongst the
Non-Defaulting Lenders on a pro rata basis or to the Defaulting Lender’s obligations as the
Administrative Agent deems appropriate in its sole discretion, until all outstanding Advances
are held by all Lenders according to their respective Percentages and (iii) to bring an action
or other proceeding, in law or equity, against such Defaulting Lender in a court of competent
jurisdiction to recover the delinquent amounts, and any related interest. Performance by the
Borrowers of their respective obligations under this Agreement and the other Loan Documents
shall not be excused or otherwise modified as a result of the operation of this Section,
except to the extent expressly set forth herein and in any event the Borrowers shall not be
required to pay any Revolving Credit Facility Fee under Section 2.9 of this Agreement
in respect of such Defaulting Lender’s Unfunded Portion of the Revolving Credit for the period
during which such Lender is a Defaulting Lender. Furthermore, the rights and remedies of the
Borrowers, the Administrative Agent, the Issuing Lender, the Swing Line Lender and the other
Lenders against a Defaulting Lender under this section shall be in addition to any other
rights and remedies such parties may have against the Defaulting Lender under this Agreement
or any of the other Loan Documents, applicable law or otherwise, and the Borrowers waive no
rights or remedies against any Defaulting Lender.

11. CHANGES IN LAW OR CIRCUMSTANCES; INCREASED COSTS.

     11.1 Reimbursement of Prepayment Costs. If (i) the Borrower make any payment of
principal with respect to any Eurodollar-based Advance or Quoted Rate Advance on any day other than
the last day of the Interest Period applicable thereto (whether voluntarily, pursuant to any
mandatory provisions hereof, by acceleration, or otherwise); (ii) the Borrowers convert or refund
(or attempts to convert or refund) any such Advance on any day other than the last day of the
Interest Period applicable thereto (except as described in Section 2.5(e)); (iii) the
Borrowers fail to borrow, refund or convert any Eurodollar-based Advance or Quoted Rate Advance
after notice has been given by the Administrative Borrower to the Administrative Agent in
accordance with the terms hereof requesting such Advance; or (iv) or if the Borrowers fail to make
any payment of principal in respect of a Eurodollar-based Advance or Quoted Rate Advance when

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due, the Borrowers shall reimburse the Administrative Agent for itself and/or on behalf of any
Lender, as the case may be, within ten (10) Business Days of written demand therefor for any
resulting loss, cost or expense incurred (excluding the loss of any Applicable Margin) by the
Administrative Agent and Lenders, as the case may be, as a result thereof, including, without
limitation, any such loss, cost or expense incurred in obtaining, liquidating, employing or
redeploying deposits from third parties, whether or not the Administrative Agent and Lenders, as
the case may be, shall have funded or committed to fund such Advance. The amount payable hereunder
by the Borrowers to the Administrative Agent for itself and/or on behalf of any Lender, as the case
may be, shall be deemed to equal an amount equal to the excess, if any, of (a) the amount of
interest which would have accrued on the amount so prepaid, or not so borrowed, refunded or
converted, for the period from the date of such prepayment or of such failure to borrow, refund or
convert, through the last day of the relevant Interest Period, at the applicable rate of interest
for said Advance(s) provided under this Agreement, over (b) the amount of interest (as reasonably
determined by the Administrative Agent and Lenders, as the case may be) which would have accrued to
the Administrative Agent and Lenders, as the case may be, on such amount by placing such amount on
deposit for a comparable period with leading banks in the interbank Eurocurrency market.
Calculation of any amounts payable to any Lender under this paragraph shall be made as though such
Lender shall have actually funded or committed to fund the relevant Advance through the purchase of
an underlying deposit in an amount equal to the amount of such Advance and having a maturity
comparable to the relevant Interest Period; provided, however, that any Lender may
fund any Eurodollar-based Advance or Quoted Rate Advance, as the case may be, in any manner it
deems fit and the foregoing assumptions shall be utilized only for the purpose of the calculation
of amounts payable under this paragraph. Upon the written request of the Administrative Borrower,
the Administrative Agent and Lenders shall deliver to the Administrative Borrower a certificate
setting forth the basis for determining such losses, costs and expenses, which certificate shall be
conclusively presumed correct, absent manifest error.

     11.2 Eurodollar Lending Office. For any Eurodollar Advance, if the Administrative
Agent or a Lender, as applicable, shall designate a Eurodollar Lending Office which maintains books
separate from those of the rest of the Administrative Agent or such Lender, the Administrative
Agent or such Lender, as the case may be, shall have the option of maintaining and carrying the
relevant Advance on the books of such Eurodollar Lending Office.

     11.3 Circumstances Affecting LIBOR Rate Availability. If the Administrative Agent
or the Majority Lenders (after consultation with the Administrative Agent) shall determine in good
faith that, by reason of circumstances affecting the foreign exchange and interbank markets
generally, deposits in Eurodollars in the applicable amounts are not being offered to the
Administrative Agent or such Lenders at the applicable LIBOR Rate, then the Administrative Agent
shall forthwith give notice thereof to the Administrative Borrower. Thereafter, until the
Administrative Agent notifies the Administrative Borrower that such circumstances no longer exist,
(i) the obligation of Lenders to make Advances which bear interest at or by reference to the LIBOR
Rate, and the right of the Borrowers to convert an Advance to or refund an Advance as an Advance
which bear interest at or by reference to the LIBOR Rate shall be suspended, (ii) effective upon
the last day of each Eurodollar-Interest Period related to any existing Eurodollar-based Advance,
each such Eurodollar-based Advance shall automatically be converted into an Advance which bears
interest at or by reference to the Prime-based Rate (plus

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the Applicable Margin) (without regard to satisfaction of any conditions to conversion contained elsewhere
herein), and (iii) effective immediately following such notice, each Advance which bears interest
at or by reference to the Daily Adjusting LIBOR Rate shall automatically be converted into an
Advance which bears interest at or by reference to the Prime-based Rate (plus the Applicable
Margin) (without regard to satisfaction of any conditions to conversion contained elsewhere
herein).

     11.4 Laws Affecting LIBOR Rate Availability. If, after the date of this
Agreement, the adoption or introduction of, or any change in, any applicable law, rule or
regulation or in the interpretation or administration thereof by any Governmental Authority charged
with the interpretation or administration thereof, or compliance by any of the Lenders (or any of
their respective Eurodollar Lending Offices) with any request or directive (whether or not having
the force of law) of any such authority, shall make it unlawful or impossible for any of the
Lenders (or any of their respective Eurodollar Lending Offices) to honor its obligations hereunder
to make or maintain any Advance which bears interest at or by reference to the LIBOR Rate, such
Lender shall forthwith give notice thereof to the Administrative Borrower and to the Administrative
Agent. Thereafter, (a) the obligations of the applicable Lenders to make Advances which bear
interest at or by reference to the LIBOR Rate and the right of the Borrowers to convert an Advance
into or refund an Advance as an Advance which bears interest at or by reference to the LIBOR Rate
shall be suspended and thereafter only the Prime-based Rate, plus the Applicable Margin shall be
available, and (b) if any of the Lenders may not lawfully continue to maintain an Advance which
bears interest at or by reference to the LIBOR Rate, the applicable Advance shall immediately be
converted to an Advance which bears interest at or by reference to the Prime-based Rate (plus the
Applicable Margin). For purposes of this Section, a change in law, rule, regulation,
interpretation or administration shall include, without limitation, any change made or which
becomes effective on the basis of a law, rule, regulation, interpretation or administration
presently in force, the effective date of which change is delayed by the terms of such law, rule,
regulation, interpretation or administration.

     11.5 Increased Cost of Advances Carried at the LIBOR Rate. If, after the date of
this Agreement, the adoption or introduction of, or any change in, any applicable law, rule or
regulation or in the interpretation or administration thereof by any Governmental Authority,
central bank or comparable agency charged with the interpretation or administration thereof, or
compliance by any of the Lenders (or any of their respective Eurodollar Lending Offices) with any
request or directive (whether or not having the force of law) of any such authority, central bank
or comparable agency:

     (a) shall subject any of the Lenders (or any of their respective Eurodollar
Lending Offices) to any tax, duty or other charge with respect to any Advance or shall change
the basis of taxation of payments to any of the Lenders (or any of their respective Eurodollar
Lending Offices) of the principal of or interest on any Advance or any other amounts due under
this Agreement in respect thereof (except for changes in the rate of tax on the overall net
income of any of the Lenders or any of their respective Eurodollar Lending Offices); or

     (b) shall impose, modify or deem applicable any reserve (including, without
limitation, any imposed by the Board of Governors of the Federal Reserve System),

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special deposit or similar requirement against assets of, deposits with or for the
account of, or credit extended by, any of the Lenders (or any of their respective Eurodollar
Lending Offices) or shall impose on any of the Lenders (or any of their respective Eurodollar
Lending Offices) or the foreign exchange and interbank markets any other condition affecting
any Advance;

and the result of any of the foregoing matters is to increase the costs to any of the Lenders of
maintaining any part of the Indebtedness hereunder as an Advance which bears interest at or by
reference to the LIBOR Rate to reduce the amount of any sum received or receivable by any of the
Lenders under this Agreement in respect of an Advance which bears interest at or by reference to
the LIBOR Rate, then such Lender shall promptly notify the Administrative Agent, and the
Administrative Agent shall promptly notify the Administrative Borrower of such fact and demand
compensation therefor and, within ten (10) Business Days after such notice, the Borrowers agree to
pay to such Lender or Lenders such additional amount or amounts as will compensate such Lender or
Lenders for such increased cost or reduction, provided that each Lender agrees to take any
reasonable action, to the extent such action could be taken without cost or administrative or other
burden or restriction to such Lender, to mitigate or eliminate such cost or reduction, within a
reasonable time after becoming aware of the foregoing matters. The Administrative Agent will
promptly notify the Administrative Borrower of any event of which it has knowledge which will
entitle Lenders to compensation pursuant to this Section, or which will cause the Borrowers to
incur additional liability under Section 11.1 hereof, provided that the Administrative
Agent shall incur no liability whatsoever to the Lenders or the Borrowers in the event it fails to
do so. A certificate of the Administrative Agent (or such Lender, if applicable) setting forth the
basis for determining such additional amount or amounts necessary to compensate such Lender or
Lenders shall accompany such demand and shall be conclusively presumed to be correct absent
manifest error.

     11.6 Capital Adequacy and Other Increased Costs.

     (a) If, after the Effective Date, the adoption or introduction of, or any change
in any applicable law, treaty, rule or regulation (whether domestic or foreign) now or
hereafter in effect and whether or not presently applicable to any Lender or the
Administrative Agent, or any interpretation or administration thereof by any Governmental
Authority charged with the interpretation or administration thereof, or compliance by any
Lender or the Administrative Agent with any guideline, request or directive of any such
authority (whether or not having the force of law), including any risk based capital
guidelines, affects or would affect the amount of capital required to be maintained by such
Lender or the Administrative Agent (or any corporation controlling such Lender or the
Administrative Agent) and such Lender or the Administrative Agent, as the case may be,
determines that the amount of such capital is increased by or based upon the existence of such
Lender’s or the Administrative Agent’s obligations or Advances hereunder and such increase has
the effect of reducing the rate of return on such Lender’s or the Administrative Agent’s (or
such controlling corporation’s) capital as a consequence of such obligations or Advances
hereunder to a level below that which such Lender or the Administrative Agent (or such
controlling corporation) could have achieved but for such circumstances (taking into
consideration its policies with respect to capital adequacy) by an amount deemed by such
Lender or the Administrative Agent to

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be material (collectively, “Increased Costs”), then the Administrative Agent or
such Lender shall notify the Administrative Borrower, and thereafter the Borrowers shall pay
to such Lender or the Administrative Agent, as the case may be, within ten (10) Business Days
of written demand therefor from such Lender or the Administrative Agent, additional amounts
sufficient to compensate such Lender or the Administrative Agent (or such controlling
corporation) for any increase in the amount of capital and reduced rate of return which such
Lender or the Administrative Agent reasonably determines to be allocable to the existence of
such Lender’s or the Administrative Agent’s obligations or Advances hereunder. A statement
setting forth the amount of such compensation, the methodology for the calculation and the
calculation thereof which shall also be prepared in good faith and in reasonable detail by
such Lender or the Administrative Agent, as the case may be, shall be submitted by such Lender
or by the Administrative Agent to the Administrative Borrower, reasonably promptly after
becoming aware of any event described in this Section 11.6(a) and shall be
conclusively presumed to be correct, absent manifest error.

     (b) Notwithstanding the foregoing, however, the Borrowers shall not be required to
pay any increased costs under Sections 11.5, 11.6 or 3.4(c) for any
period ending prior to the date that is 180 days prior to the making of a Lender’s initial
request for such additional amounts unless the applicable change in law or other event
resulting in such increased costs is effective retroactively to a date more than 180 days
prior to the date of such request, in which case a Lender’s request for such additional
amounts relating to the period more than 180 days prior to the making of the request must be
given not more than 180 days after such Lender becomes aware of the applicable change in law
or other event resulting in such increased costs.

     11.7 Right of Lenders to Fund through Branches and Affiliates. Each Lender
(including without limitation the Swing Line Lender) may, if it so elects, fulfill its commitment
as to any Advance hereunder by designating a branch or Affiliate of such Lender to make such
Advance; provided that (a) such Lender shall remain solely responsible for the performances
of its obligations hereunder and (b) no such designation shall result in any material increased
costs to the Borrowers.

     11.8 Margin Adjustment. Adjustments to the Applicable Margins and the Applicable
Fee Percentages, based on Schedule 1.1, shall be implemented on a quarterly basis as
follows:

     (a) Such adjustments shall be given prospective effect only, effective as to all
Advances outstanding hereunder, the Applicable Fee Percentage and the Letter of Credit Fee,
upon the date of delivery of the financial statements under Sections 7.1(a) and
7.1(b) hereunder and the Covenant Compliance Report under Section 7.2(a)
hereof, in each case establishing applicability of the appropriate adjustment and in each case
with no retroactivity or claw-back. In the event the Borrowers shall fail timely to deliver
such financial statements or the Covenant Compliance Report and such failure continues for
three (3) days, then (but without affecting the Event of Default resulting therefrom) from the
date delivery of such financial statements and report was required until such financial
statements and report are delivered, the Applicable Margins and Applicable Fee

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Percentages shall be at the highest level on the Pricing Matrix attached to this
Agreement as Schedule 1.1.

     (b) From the Effective Date until the required date of delivery (or, if earlier,
delivery) of the financial statements under Section 7.1(a) or 7.1(b) hereof,
as applicable, and the Covenant Compliance Report under Section 7.2(a) hereof, for the
fiscal quarter ending December 31, 2009, the Applicable Margins and Applicable Fee Percentages
shall be those set forth under the Level III column of the pricing matrix attached to this
Agreement as Schedule 1.1. Thereafter, Applicable Margins and Applicable Fee
Percentages shall be based upon the quarterly financial statements and Covenant Compliance
Reports, subject to recalculation as provided in Section 11.8(a) above.

     (c) Notwithstanding the foregoing, however, if, prior to the payment and discharge
in full (in cash) of the Indebtedness and the termination of any and all commitments
hereunder, as a result of any restatement of or adjustment to the financial statements of the
Administrative Borrower and any of its Subsidiaries (relating to the current or any prior
fiscal period) or for any other reason, the Administrative Agent determines that the
Applicable Margin and/or the Applicable Fee Percentages as calculated by the Borrowers as of
any applicable date of determination were inaccurate in any respect and a proper calculation
thereof would have resulted in different pricing for any fiscal period, then (x) if the proper
calculation thereof would have resulted in higher pricing for any such period, the Borrowers
shall automatically and retroactively be obligated to pay to the Administrative Agent,
promptly upon demand by the Administrative Agent or the Majority Lenders, an amount equal to
the excess of the amount of interest and fees that should have been paid for such period over
the amount of interest and fees actually paid for such period and, if the current fiscal
period is affected thereby, the Applicable Margin and/or the Applicable Fee Percentages for
the current period shall be adjusted based on such recalculation; and (y) if the proper
calculation thereof would have resulted in lower pricing for such period, the Administrative
Agent and Lenders shall have no obligation to recalculate such interest or fees or to repay
any interest or fees to the Borrowers.

12. THE AGENT.

     12.1 Appointment of the Administrative Agent. Each Lender and the holder of each
Note (if issued) irrevocably appoints and authorizes the Administrative Agent to act on behalf of
such Lender or holder under this Agreement and the other Loan Documents and to exercise such powers
hereunder and thereunder as are specifically delegated to the Administrative Agent by the terms
hereof and thereof, together with such powers as may be reasonably incidental thereto, including
without limitation the power to execute or authorize the execution of financing or similar
statements or notices, and other documents. In performing its functions and duties under this
Agreement, the Administrative Agent shall act solely as agent of the Lenders and does not assume
and shall not be deemed to have assumed any obligation towards or relationship of agency or trust
with or for any Credit Party.

     12.2 Deposit Account with the Administrative Agent or any Lender. Each Borrower
authorizes the Administrative Agent and each Lender, in the Administrative Agent’s or such

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Lender’s sole discretion, upon notice to the Administrative Borrower to charge its general
deposit account(s), if any, maintained with the Administrative Agent or such Lender for the amount
of any principal, interest, or other amounts or costs due under this Agreement when the same become
due and payable under the terms of this Agreement or the Notes.

     12.3 Scope of the Administrative Agent’s Duties. The Administrative Agent shall
have no duties or responsibilities except those expressly set forth herein, and shall not, by
reason of this Agreement or otherwise, have a fiduciary relationship with any Lender (and no
implied covenants or other obligations shall be read into this Agreement against the Administrative
Agent). None of the Administrative Agent, its Affiliates nor any of their respective directors,
officers, employees or agents shall be liable to any Lender for any action taken or omitted to be
taken by it or them under this Agreement or any document executed pursuant hereto, or in connection
herewith or therewith with the consent or at the request of the Majority Lenders (or all of the
Lenders for those acts requiring consent of all of the Lenders) (except for its or their own
willful misconduct or gross negligence), nor be responsible for or have any duties to ascertain,
inquire into or verify (a) any recitals or warranties made by the Credit Parties or any Affiliate
of the Credit Parties, or any officer thereof contained herein or therein, (b) the effectiveness,
enforceability, validity or due execution of this Agreement or any document executed pursuant
hereto or any security thereunder, (c) the performance by the Credit Parties of their respective
obligations hereunder or thereunder, or (d) the satisfaction of any condition hereunder or
thereunder, including without limitation in connection with the making of any Advance or the
issuance of any Letter of Credit. The Administrative Agent and its Affiliates shall be entitled to
rely upon any certificate, notice, document or other communication (including any cable, telegraph,
telex, facsimile transmission or oral communication) believed by it to be genuine and correct and
to have been sent or given by or on behalf of a proper person. The Administrative Agent may treat
the payee of any Note as the holder thereof. The Administrative Agent may employ agents and may
consult with legal counsel, independent public accountants and other experts selected by it and
shall not be liable to the Lenders (except as to money or property received by them or their
authorized agents), for the negligence or misconduct of any such agent selected by it with
reasonable care or for any action taken or omitted to be taken by it in good faith in accordance
with the advice of such counsel, accountants or experts.

     12.4 Successor Agent. The Administrative Agent may resign as such at any time
upon at least thirty (30) days prior notice to the Administrative Borrower and each of the
Lenders. If the Administrative Agent at any time shall resign or if the office of the
Administrative Agent shall become vacant for any other reason, Majority Lenders shall, by written
instrument, appoint successor agent(s) (“Successor Agent”) satisfactory to such Majority
Lenders and, so long as no Default or Event of Default has occurred and is continuing, to the
Administrative Borrower (which approval shall not be unreasonably withheld or delayed);
provided, however, that any such Successor Agent shall be a bank or a trust company
or other financial institution which maintains an office in the United States, or a commercial bank
organized under the laws of the United States or any state thereof, or any Affiliate of such bank
or trust company or other financial institution which is engaged in the banking business, and shall
have a combined capital and surplus of at least $500,000,000. Such Successor Agent shall thereupon
become the Administrative Agent hereunder, as applicable, and the Administrative Agent shall
deliver or cause to be delivered to any successor agent such documents of transfer and assignment
as such Successor Agent may reasonably request. If a Successor Agent is not so appointed or does
not

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accept such appointment before the resigning Administrative Agent’s resignation becomes
effective, the resigning Administrative Agent may appoint a temporary successor (subject to the
approval of the Administrative Borrower so long as no Default or Event of Default, which approval
shall not be unreasonably withheld or delayed) to act until such appointment by the Majority
Lenders and, if applicable, the Administrative Borrower, is made and accepted, or if no such
temporary successor is appointed as provided above by the resigning Administrative Agent, the
Majority Lenders shall thereafter perform all of the duties of the resigning Administrative Agent
hereunder until such appointment by the Majority Lenders and, if applicable, the Administrative
Borrower, is made and accepted. Such Successor Agent shall succeed to all of the rights and
obligations of the resigning Administrative Agent as if originally named. The resigning
Administrative Agent shall duly assign, transfer and deliver to such Successor Agent all moneys at
the time held by the resigning Administrative Agent hereunder after deducting therefrom its
expenses for which it is entitled to be reimbursed hereunder. Upon such succession of any such
Successor Agent, the resigning Administrative Agent shall be discharged from its duties and
obligations, in its capacity as the Administrative Agent hereunder, except for its gross negligence
or willful misconduct arising prior to its resignation hereunder, and the provisions of this
Article 12 shall continue in effect for the benefit of the resigning Administrative Agent
in respect of any actions taken or omitted to be taken by it while it was acting as the
Administrative Agent.

     12.5 Credit Decisions. Each Lender acknowledges that it has, independently of the
Administrative Agent and each other Lender and based on the financial statements of the Borrowers
and such other documents, information and investigations as it has deemed appropriate, made its own
credit decision to extend credit hereunder from time to time. Each Lender also acknowledges that
it will, independently of the Administrative Agent and each other Lender and based on such other
documents, information and investigations as it shall deem appropriate at any time, continue to
make its own credit decisions as to exercising or not exercising from time to time any rights and
privileges available to it under this Agreement, any Loan Document or any other document executed
pursuant hereto.

     12.6 Authority of the Administrative Agent to Enforce This Agreement. Each
Lender, subject to the terms and conditions of this Agreement, grants the Administrative Agent full
power and authority as attorney-in-fact to institute and maintain actions, suits or proceedings for
the collection and enforcement of any Indebtedness outstanding under this Agreement or any other
Loan Document and to file such proofs of debt or other documents as may be necessary to have the
claims of the Lenders allowed in any proceeding relative to any Credit Party, or their respective
creditors or affecting their respective properties, and to take such other actions which the
Administrative Agent considers to be necessary or desirable for the protection, collection and
enforcement of the Notes, this Agreement or the other Loan Documents.

     12.7 Indemnification of the Administrative Agent. The Lenders agree (which
agreement shall survive the expiration or termination of this Agreement) to indemnify the
Administrative Agent and its Affiliates (to the extent not reimbursed by the Borrowers, but without
limiting any obligation of the Borrowers to make such reimbursement), ratably according to their
respective Weighted Percentages, from and against any and all claims, damages, losses, liabilities,
costs or expenses of any kind or nature whatsoever (including, without limitation, reasonable fees
and expenses of house and outside counsel) which may be

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imposed on, incurred by, or asserted against the Administrative Agent and its Affiliates in
any way relating to or arising out of this Agreement, any of the other Loan Documents or the
transactions contemplated hereby or any action taken or omitted by the Administrative Agent and its
Affiliates under this Agreement or any of the Loan Documents; provided, however,
that no Lender shall be liable for any portion of such claims, damages, losses, liabilities, costs
or expenses resulting from the Administrative Agent’s or its Affiliate’s gross negligence or
willful misconduct. Without limitation of the foregoing, each Lender agrees to reimburse the
Administrative Agent and its Affiliates promptly upon demand for its ratable share of any
reasonable expenses (including, without limitation, reasonable fees and expenses of house and
outside counsel) incurred by the Administrative Agent and its Affiliates in connection with the
preparation, execution, delivery, administration, modification, amendment or enforcement (whether
through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or
responsibilities under, this Agreement or any of the other Loan Documents, to the extent that the
Administrative Agent and its Affiliates are not reimbursed for such expenses by the Borrowers, but
without limiting the obligation of the Borrowers to make such reimbursement. Each Lender agrees to
reimburse the Administrative Agent and its Affiliates promptly upon demand for its ratable share of
any amounts owing to the Administrative Agent and its Affiliates by the Lenders pursuant to this
Section, provided that, if the Administrative Agent or its Affiliates are subsequently reimbursed
by the Borrowers for such amounts, they shall refund to the Lenders on a pro rata basis the amount
of any excess reimbursement. If the indemnity furnished to the Administrative Agent and its
Affiliates under this Section shall become impaired as determined in the Administrative Agent’s
reasonable judgment or the Administrative Agent shall elect in its sole discretion to have such
indemnity confirmed by the Lenders (as to specific matters or otherwise), the Administrative Agent
shall give notice thereof to each Lender and, until such additional indemnity is provided or such
existing indemnity is confirmed, the Administrative Agent may cease, or not commence, to take any
action. Any amounts paid by the Lenders hereunder to the Administrative Agent or its Affiliates
shall be deemed to constitute part of the Indebtedness hereunder.

     12.8 Knowledge of Default. It is expressly understood and agreed that the
Administrative Agent shall be entitled to assume that no Default or Event of Default has occurred
and is continuing, unless the officers of the Administrative Agent immediately responsible for
matters concerning this Agreement shall have received a written notice from a Lender or any
Borrower specifying such Default or Event of Default and stating that such notice is a “notice
of default”. Upon receiving such a notice, the Administrative Agent shall promptly notify each
Lender of such Default or Event of Default and provide each Lender with a copy of such notice and
shall endeavor to provide such notice to the Lenders within three (3) Business Days (but without
any liability whatsoever in the event of its failure to do so). The Administrative Agent shall
also furnish the Lenders, promptly upon receipt, with copies of all other notices or other
information required to be provided by the applicable Borrower hereunder.

     12.9 The Administrative Agent’s Authorization; Action by Lenders. Except as
otherwise expressly provided herein, whenever the Administrative Agent is authorized and empowered
hereunder on behalf of the Lenders to give any approval or consent, or to make any request, or to
take any other action on behalf of the Lenders (including without limitation the exercise of any
right or remedy hereunder or under the other Loan Documents), the Administrative Agent shall be
required to give such approval or consent, or to make such request

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or to take such other action only when so requested in writing by the Majority Lenders or the
Lenders, as applicable hereunder. Action that may be taken by the Majority Lenders, any other
specified Percentage of the Lenders or all of the Lenders, as the case may be (as provided for
hereunder) may be taken (i) pursuant to a vote of the requisite percentages of the Lenders as
required hereunder at a meeting (which may be held by telephone conference call), provided that the
Administrative Agent exercises good faith, diligent efforts to give all of the Lenders reasonable
advance notice of the meeting, or (ii) pursuant to the written consent of the requisite percentages
of the Lenders as required hereunder, provided that all of the Lenders are given reasonable advance
notice of the requests for such consent.

     12.10 Enforcement Actions by the Administrative Agent. Except as otherwise
expressly provided under this Agreement or in any of the other Loan Documents and subject to the
terms hereof, the Administrative Agent will take such action, assert such rights and pursue such
remedies under this Agreement and the other Loan Documents as the Majority Lenders or all of the
Lenders, as the case may be (as provided for hereunder), shall direct; provided,
however, that the Administrative Agent shall not be required to act or omit to act if, in
the reasonable judgment of the Administrative Agent, such action or omission may expose the
Administrative Agent to personal liability for which the Administrative Agent has not been
satisfactorily indemnified hereunder or is contrary to this Agreement, any of the Loan Documents or
applicable law. Except as expressly provided above or elsewhere in this Agreement or the other
Loan Documents, no Lender (other than the Administrative Agent, acting in its capacity as agent)
shall be entitled to take any enforcement action of any kind under this Agreement or any of the
other Loan Documents.

     12.11 Collateral Matters.

     (a) The Administrative Agent is authorized on behalf of all the Lenders, without
the necessity of any notice to or further consent from the Lenders, from time to time to take
any action with respect to any Collateral or the Collateral Documents which may be necessary
to perfect and maintain a perfected security interest in and Liens upon the Collateral granted
pursuant to the Loan Documents.

     (b) The Lenders irrevocably authorize the Administrative Agent, in its reasonable
discretion, to the full extent set forth in the post-amble to Section 13.10 hereof,
(1) to release or terminate any Lien granted to or held by the Administrative Agent upon any
Collateral and release any Guaranty (a) upon termination of the Revolving Credit Aggregate
Commitment and payment in full of all Indebtedness payable under this Agreement and under any
other Loan Document; (b) constituting property (including, without limitation, Equity
Interests in any Person) sold or to be sold or disposed of as part of or in connection with
any disposition (whether by sale, by merger or by any other form of transaction and including
the property of any Subsidiary that is disposed of as permitted hereby) permitted in
accordance with the terms of this Agreement; (c) constituting property in which a Credit Party
owned no interest at the time the Lien was granted or at any time thereafter; or (d) if
approved, authorized or ratified in writing by the Majority Lenders, or all the Lenders, as
the case may be, as provided in Section 13.10; (2) to subordinate the Lien granted to
or held by the Administrative Agent on any Collateral to any other holder of a Lien on such
Collateral

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which is permitted by Section 8.2(b) hereof; and (3) if all of the Equity
Interests held by the Credit Parties in any Person are sold or otherwise transferred to any
transferee other than any Borrower or a Subsidiary of any Borrower as part of or in connection
with any disposition (whether by sale, by merger or by any other form of transaction)
permitted in accordance with the terms of this Agreement, to release such Person from all of
its obligations under the Loan Documents (including, without limitation, under any Guaranty).
Upon request by the Administrative Agent at any time, the Lenders will confirm in writing the
Administrative Agent’s authority to release particular types or items of Collateral pursuant
to this Section 12.11(b).

     12.12 The Administrative Agents in their Individual Capacities. Comerica Bank and
its Affiliates, successors and assigns shall each have the same rights and powers hereunder as any
other Lender and may exercise or refrain from exercising the same as though such Lender were not
the Administrative Agent. Comerica Bank and its Affiliates may (without having to account therefor
to any Lender) accept deposits from, lend money to, and generally engage in any kind of banking,
trust, financial advisory or other business with the Credit Parties as if such Lender were not
acting as the Administrative Agent hereunder, and may accept fees and other consideration therefor
without having to account for the same to the Lenders.

     12.13 The Administrative Agent’s Fees. Until the Indebtedness has been repaid and
discharged in full and no commitment to extend any credit hereunder is outstanding, the Borrowers
jointly and severally agree to pay to the Administrative Agent, as applicable, any agency or other
fee(s) set forth (or to be set forth from time to time) in the applicable Fee Letter on the terms
set forth therein. The agency fees referred to in this Section 12.13 shall not be
refundable under any circumstances.

     12.14 Documentation Administrative Agent or other Titles. Any Lender identified on
the facing page or signature page of this Agreement or in any amendment hereto or as designated
with consent of the Administrative Agent in any assignment agreement as Lead Arranger,
Documentation Administrative Agent, Syndications Administrative Agent or any similar titles, shall
not have any right, power, obligation, liability, responsibility or duty under this Agreement as a
result of such title other than those applicable to all Lenders as such. Without limiting the
foregoing, the Lenders so identified shall not have or be deemed to have any fiduciary relationship
with any Lender as a result of such title. Each Lender acknowledges that it has not relied, and
will not rely, on the Lender so identified in deciding to enter into this Agreement or in taking or
not taking action hereunder.

     12.15 No Reliance on the Administrative Agent’s Customer Identification Program.

     (a) Each Lender acknowledges and agrees that neither such Lender, nor any of its
Affiliates, participants or assignees, may relay on the Administrative Agent to carry out such
Lender’s, Affiliate’s, participant’s or assignee’s customer identification program, or other
obligations required or imposed under or pursuant to the USA Patriot Act or the regulations
thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or
replaced, the “CIP Regulations”), or any other Anti-Terrorism Law, including any
programs involving any of the following items relating to or in connection with any Borrower
or any of its Subsidiaries, any of their respective Affiliates or agents,

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the Loan Documents or the transactions hereunder: (i) any identify verification
procedures, (ii) any record keeping, (iii) any comparisons with government lists, (iv) any
customer notices or (v) any other procedures required under the CIP Regulations or such other
laws.

     (b) Each Lender or assignee or participant of a Lender that is not organized under
the laws of the United States or a state thereof (and is not excepted from the certification
requirement contained in Section 313 of the USA Patriot Act and the applicable regulations
because it is both (i) an affiliate of a depository institution or foreign bank that maintains
a physical presence in the United States or foreign country, and (ii) subject to supervision
by a banking authority regulating such affiliated depository institution or foreign bank)
shall deliver to the Administrative Agent the certification, or, if applicable,
recertification, certifying that such Lender is not a “shell” and certifying to other
matters as required by Section 313 of the USA Patriot Act and the applicable regulations: (x)
within 10 days after the Effective Date, and (y) at such other times as are required under the
USA Patriot Act.

13. MISCELLANEOUS.

     13.1 Accounting Principles. Where the character or amount of any asset or
liability or item of income or expense is required to be determined or any consolidation or other
accounting computation is required to be made for the purposes of this Agreement, it shall be done,
unless otherwise specified herein, in accordance with GAAP; provided, however, if
the Administrative Borrower notifies the Administrative Agent that the Administrative Borrower
requests an amendment to any provision hereof to eliminate the effect of any change occurring after
the date of this Agreement in GAAP or in the application thereof on the operation of such provision
(or if the Administrative Agent notifies the Administrative Borrower that the Majority Lenders
request an amendment to any provision hereof for such purpose), regardless of whether any such
notice is given before or after such change in GAAP or in the application thereof, then such
provision shall be interpreted on the basis of GAAP as in effect and applied immediately before
such change shall have become effective until such notice shall have been withdrawn or such
provision amended in accordance herewith; provided, further, however,
nothing in this Section 13.1 shall obligate the Administrative Agent or any Lender to amend
this Agreement pursuant to such request of the Administrative Borrower.

     13.2 CONSENT TO JURISDICTION. EACH BORROWER, THE ADMINISTRATIVE AGENT AND LENDERS
HEREBY IRREVOCABLY SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL COURT OR
NEW YORK STATE COURT SITTING IN NEW YORK, NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR ANY OF THE LOAN DOCUMENTS AND EACH BORROWER, THE ADMINISTRATIVE AGENT
AND LENDERS HEREBY IRREVOCABLY AGREE THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE
HEARD AND DETERMINED IN ANY SUCH UNITED STATES FEDERAL COURT OR NEW YORK STATE COURT. EACH
BORROWER IRREVOCABLY CONSENTS TO THE SERVICE OF ANY AND ALL PROCESS IN ANY SUCH ACTION OR
PROCEEDING BROUGHT IN ANY COURT IN OR OF THE STATE OF NEW YORK BY THE DELIVERY OF COPIES OF SUCH
PROCESS TO

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IT AT THE APPLICABLE ADDRESSES SPECIFIED ON THE SIGNATURE PAGE HERETO OR BY CERTIFIED MAIL
DIRECTED TO SUCH ADDRESS OR SUCH OTHER ADDRESS AS MAY BE DESIGNATED BY IT IN A NOTICE TO THE OTHER
PARTIES THAT COMPLIES AS TO DELIVERY WITH THE TERMS OF SECTION 13.6. NOTHING IN THIS
SECTION SHALL AFFECT THE RIGHT OF THE LENDERS AND THE ADMINISTRATIVE AGENT TO SERVE PROCESS IN ANY
OTHER MANNER PERMITTED BY LAW OR LIMIT THE RIGHT OF THE LENDERS OR THE ADMINISTRATIVE AGENT (OR ANY
OF THEM) TO BRING ANY SUCH ACTION OR PROCEEDING AGAINST ANY CREDIT PARTY OR ANY OF THEIR PROPERTY
IN THE COURTS WITH SUBJECT MATTER JURISDICTION OF ANY OTHER JURISDICTION. EACH BORROWER
IRREVOCABLY WAIVES ANY OBJECTION TO THE LAYING OF VENUE OF ANY SUCH SUIT OR PROCEEDING IN THE ABOVE
DESCRIBED COURTS.

     13.3 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     13.4 Interest. In the event the obligation of the Borrowers to pay interest on
the principal balance of the Notes or on any other amounts outstanding hereunder or under the other
Loan Documents is or becomes in excess of the maximum interest rate which the Borrowers are
permitted by law to contract or agree to pay, giving due consideration to the execution date of
this Agreement, then, in that event, the rate of interest applicable thereto with respect to such
Lender’s applicable Percentages shall be deemed to be immediately reduced to such maximum rate and
all previous payments in excess of the maximum rate shall be deemed to have been payments in
reduction of principal and not of interest.

     13.5 Closing Costs and Other Costs; Indemnification.

     (a) The Borrowers shall pay or reimburse (i) the Administrative Agent and its
Affiliates for payment of, on demand, all reasonable costs and expenses, including, by way of
description and not limitation, reasonable outside attorney fees and advances, appraisal and
accounting fees, lien search fees, and required travel costs, incurred by the Administrative
Agent and its Affiliates in connection with the commitment, syndication, negotiation,
consummation, closing and funding of the loans contemplated hereby, or in connection with the
preparation, administration or enforcement of this Agreement or the other Loan Documents
(including the obtaining of legal advice regarding the rights and responsibilities of the
parties hereto) or any refinancing or restructuring of the loans or Advances provided under
this Agreement or the other Loan Documents, or any amendment, revision, modification, consent
or waiver thereof requested by any Borrower, and (ii) the Administrative Agent and its
Affiliates and each of the Lenders, as the case may be, for all stamp and other taxes and
duties payable or determined to be payable in connection with the execution, delivery, filing
or recording of this Agreement and the other Loan Documents and the consummation of the
transactions contemplated hereby, and any and all liabilities with respect to or resulting
from any delay in paying or omitting to pay such taxes or duties. Furthermore, all reasonable
costs and expenses, including without limitation outside attorney fees, incurred by the
Administrative Agent and its Affiliates and, after the occurrence and during the continuance
of an Event of Default, by the Lenders in revising, preserving, protecting, exercising or
enforcing any of

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its or any of the Lenders’ rights against any Borrower or any other Credit Party, or
otherwise incurred by the Administrative Agent and its Affiliates and the Lenders in
connection with any Event of Default or the enforcement of the loans (whether incurred through
negotiations, legal proceedings or otherwise), including by way of description and not
limitation, such charges in any court or bankruptcy proceedings or arising out of any claim or
action by any person against the Administrative Agent, its Affiliates, or any Lender which
would not have been asserted were it not for the Administrative Agent’s or such Affiliate’s or
Lender’s relationship with the Borrowers hereunder or otherwise, shall also be paid by the
Borrowers. All of said amounts required to be paid by the Borrowers hereunder and not paid
within five (5) Business Days upon demand, as aforesaid, shall bear interest, from the date
incurred to the date payment is received by the Administrative Agent, at the Base Rate, plus
two percent (2%).

     (b) EACH BORROWER AGREES TO INDEMNIFY AND HOLD THE ADMINISTRATIVE AGENT AND EACH
OF THE LENDERS (AND THEIR RESPECTIVE AFFILIATES) HARMLESS FROM ALL LOSS, COST, DAMAGE,
LIABILITY OR EXPENSES, INCLUDING REASONABLE OUTSIDE ATTORNEYS’ FEES AND DISBURSEMENTS (BUT
WITHOUT DUPLICATION OF SUCH FEES AND DISBURSEMENTS FOR THE SAME SERVICES), INCURRED BY THE
ADMINISTRATIVE AGENT AND EACH OF THE LENDERS BY REASON OF AN EVENT OF DEFAULT, OR ENFORCING
THE OBLIGATIONS OF ANY CREDIT PARTY UNDER THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS,
AS APPLICABLE, OR IN THE PROSECUTION OR DEFENSE OF ANY ACTION OR PROCEEDING CONCERNING ANY
MATTER GROWING OUT OF OR CONNECTED WITH THIS AGREEMENT OR ANY OF THE LOAN DOCUMENTS,
EXCLUDING, HOWEVER, ANY LOSS, COST, DAMAGE, LIABILITY OR EXPENSES TO THE EXTENT ARISING AS A
RESULT OF THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF THE PARTY SEEKING TO BE INDEMNIFIED
UNDER THIS SECTION 13.5(B), PROVIDED THAT, THE BORROWERS SHALL BE OBLIGATED TO
REIMBURSE THE ADMINISTRATIVE AGENT AND THE LENDERS FOR ONLY A SINGLE FINANCIAL CONSULTANT
SELECTED BY THE ADMINISTRATIVE AGENT IN CONSULTATION WITH THE LENDERS.

     (c) EACH BORROWER AGREES TO DEFEND, INDEMNIFY AND HOLD HARMLESS THE ADMINISTRATIVE
AGENT AND EACH LENDER (AND THEIR RESPECTIVE AFFILIATES), AND THEIR RESPECTIVE EMPLOYEES,
AGENTS, OFFICERS AND DIRECTORS FROM AND AGAINST ANY AND ALL CLAIMS, DEMANDS, PENALTIES, FINES,
LIABILITIES, SETTLEMENTS, DAMAGES, COSTS OR EXPENSES OF WHATEVER KIND OR NATURE (INCLUDING
WITHOUT LIMITATION, REASONABLE ATTORNEYS AND CONSULTANTS FEES, INVESTIGATION AND LABORATORY
FEES, ENVIRONMENTAL STUDIES REQUIRED BY THE ADMINISTRATIVE AGENT OR ANY LENDER IN CONNECTION
WITH THE VIOLATION OF HAZARDOUS MATERIAL LAWS), COURT COSTS AND LITIGATION EXPENSES, ARISING
OUT OF OR RELATED TO (I) THE PRESENCE, USE, DISPOSAL, RELEASE OR THREATENED RELEASE OF ANY
HAZARDOUS MATERIALS ON, FROM OR

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AFFECTING ANY PREMISES OWNED OR OCCUPIED BY ANY CREDIT PARTY IN VIOLATION OF OR THE
NON-COMPLIANCE WITH APPLICABLE HAZARDOUS MATERIAL LAWS, (II) ANY PERSONAL INJURY (INCLUDING
WRONGFUL DEATH) OR PROPERTY DAMAGE (REAL OR PERSONAL) ARISING OUT OF OR RELATED TO SUCH
HAZARDOUS MATERIALS, (III) ANY LAWSUIT OR OTHER PROCEEDING BROUGHT OR THREATENED, SETTLEMENT
REACHED OR GOVERNMENTAL ORDER OR DECREE RELATING TO SUCH HAZARDOUS MATERIALS, AND/OR (IV)
COMPLYING OR COMING INTO COMPLIANCE WITH ALL HAZARDOUS MATERIAL LAWS (INCLUDING THE COST OF
ANY REMEDIATION OR MONITORING REQUIRED IN CONNECTION THEREWITH) OR ANY OTHER REQUIREMENT OF
LAW; PROVIDED, HOWEVER, THAT THE BORROWERS SHALL HAVE NO OBLIGATIONS UNDER
THIS SECTION 13.5(C) WITH RESPECT TO CLAIMS, DEMANDS, PENALTIES, FINES, LIABILITIES,
SETTLEMENTS, DAMAGES, COSTS OR EXPENSES TO THE EXTENT ARISING AS A RESULT OF THE GROSS
NEGLIGENCE OR WILLFUL MISCONDUCT OF THE ADMINISTRATIVE AGENT OR SUCH LENDER, AS THE CASE MAY
BE. THE OBLIGATIONS OF THE BORROWERS UNDER THIS SECTION 13.5(C) SHALL BE IN ADDITION
TO ANY AND ALL OTHER OBLIGATIONS AND LIABILITIES THE BORROWERS MAY HAVE TO THE ADMINISTRATIVE
AGENT OR ANY OF THE LENDERS AT COMMON LAW OR PURSUANT TO ANY OTHER AGREEMENT.

     13.6 Notices.

     (a) Except as expressly provided otherwise in this Agreement (and except as
provided in clause (b) below), all notices and other communications provided to any
party hereto under this Agreement or any other Loan Document shall be in writing and shall be
given by personal delivery, by mail, by reputable overnight courier or by facsimile and
addressed or delivered to it at its address set forth on Schedule 13.6 or at such
other address as may be designated by such party in a notice to the other parties that
complies as to delivery with the terms of this Section 13.6 or posted to an E-System
set up by or at the direction of the Administrative Agent (as set forth below). Any notice,
if personally delivered or if mailed and properly addressed with postage prepaid and sent by
registered or certified mail, shall be deemed given when received or when delivery is refused;
any notice, if given to a reputable overnight courier and properly addressed, shall be deemed
given two (2) Business Days after the date on which it was sent, unless it is actually
received sooner by the named addressee; and any notice, if transmitted by facsimile, shall be
deemed given when received. The Administrative Agent may, but, except as specifically
provided herein, shall not be required to, take any action on the basis of any notice given to
it by telephone, but the giver of any such notice shall promptly confirm such notice in
writing or by facsimile, and such notice will not be deemed to have been received until such
confirmation is deemed received in accordance with the provisions of this Section set forth
above. If such telephonic notice conflicts with any such confirmation, the terms of such
telephonic notice shall control. Any notice given by the Administrative Agent or any Lender
to any Borrower shall be deemed to be a notice to all of the Credit Parties.

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     (b) Notices and other communications provided to the Administrative Agent and the
Lenders party hereto under this Agreement or any other Loan Document may be delivered or
furnished by electronic communication (including email and Internet or intranet websites)
pursuant to procedures approved by the Administrative Agent. The Administrative Agent or any
Borrower may, in its discretion, agree to accept notices and other communications to it
hereunder by electronic communications (including email and any E-System) pursuant to
procedures approved by it. Unless otherwise agreed to in a writing by and among the parties
to a particular communication, (i) notices and other communications sent to an email address
shall be deemed received upon the sender’s receipt of an acknowledgment from the intended
recipient (such as by the “return receipt requested” function, return email, or other
written acknowledgment) and (ii) notices and other communications posted to any E-System shall
be deemed received upon the deemed receipt by the intended recipient at its email address as
described in the foregoing clause (i) of notification that such notice or other
communication is available and identifying the website address therefore.

     13.7 Reserved.

     13.8 Successors and Assigns; Participations; Assignments.

     (a) This Agreement shall be binding upon and shall inure to the benefit of the
Borrowers and the Lenders and their respective successors and assigns.

     (b) The foregoing shall not authorize any assignment by any Borrower of its rights
or duties hereunder, and, except as otherwise provided herein, no such assignment shall be
made (or be effective) without the prior written approval of the Lenders.

     (c) No Lenders may at any time assign or grant participations in such Lender’s
rights and obligations hereunder and under the other Loan Documents except (i) by way of
assignment to any Eligible Assignee in accordance with clause (d) of this Section,
(ii) by way of a participation in accordance with the provisions of clause (e) of this
Section or (iii) by way of a pledge or assignment of a security interest subject to the
restrictions of clause (f) of this Section (and any other attempted assignment or
transfer by any Lender shall be deemed to be null and void).

     (d) Each assignment by a Lender of all or any portion of its rights and
obligations hereunder and under the other Loan Documents, shall be subject to the following
terms and conditions:

     (i) each such assignment shall be made on a pro rata basis, and shall be in
a minimum amount of the lesser of (x) Five Million Dollars ($5,000,000) or such lesser
amount as the Administrative Agent shall agree and (y) the entire remaining amount of
assigning Lender’s aggregate interest in the Revolving Credit (and participations in any
outstanding Letters of Credit) and the Term Loan; provided, however,
that, after giving effect to such assignment, in no event shall the entire remaining
amount (if any) of assigning Lender’s aggregate interest

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in the Revolving Credit (and participations in any outstanding Letters of Credit)
and the Term Loan be less than $5,000,000; and

     (ii) the parties to any assignment shall execute and deliver to the
Administrative Agent an Assignment Agreement substantially (as determined by the
Administrative Agent) in the form attached hereto as Exhibit G (with appropriate
insertions acceptable to the Administrative Agent), together with a processing and
recordation fee in the amount, if any, required as set forth in the Assignment Agreement
(provided, however, that such Lender need not deliver an Assignment
Agreement in connection with assignments to such Lender’s Affiliates or to a Federal
Reserve Bank).

Until the Assignment Agreement becomes effective in accordance with its terms, and the
Administrative Agent has confirmed that the assignment satisfies the requirements of this
Section 13.8, the Borrowers and the Administrative Agent shall be entitled to continue to
deal solely and directly with the assigning Lender in connection with the interest so assigned.
From and after the effective date of each Assignment Agreement that satisfies the requirements of
this Section 13.8, the assignee thereunder shall be deemed to be a party to this Agreement,
such assignee shall have the rights and obligations of a Lender under this Agreement and the other
Loan Documents (including without limitation the right to receive fees payable hereunder in respect
of the period following such assignment) and the assigning Lender shall relinquish its rights and
be released from its obligations under this Agreement and the other Loan Documents.

     The words “execution,” “signed,” “signature,” and words of like import
in any Assignment Agreement shall be deemed to include electronic signatures or the keeping of
records in electronic form, each of which shall be of the same legal effect, validity or
enforceability as a manually executed signature or the use of a paper-based recordkeeping system,
as the case may be, to the extent and as provided for in any applicable law, including the Federal
Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures
and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

     Upon request, the Borrowers shall execute and deliver to the Administrative Agent, new Note(s)
payable to the order of the assignee in an amount equal to the amount assigned to the assigning
Lender pursuant to such Assignment Agreement, and with respect to the portion of the Indebtedness
retained by the assigning Lender, to the extent applicable, new Note(s) payable to the order of the
assigning Lender in an amount equal to the amount retained by such Lender hereunder. The
Administrative Agent, the Lenders and the Borrowers acknowledge and agree that any such new Note(s)
shall be given in renewal and replacement of the Notes issued to the assigning lender prior to such
assignment and shall not effect or constitute a novation or discharge of the Indebtedness evidenced
by such prior Note, and each such new Note may contain a provision confirming such agreement.

     (e) The Borrowers and the Administrative Agent acknowledge that each of the
Lenders may at any time and from time to time, subject to the terms and conditions hereof,
grant participations in such Lender’s rights and obligations hereunder (on a pro rata basis
only) and under the other Loan Documents to any Person (other than a natural

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person or to any Borrower or any of such Borrower’s Affiliates or Subsidiaries); provided
that any participation permitted hereunder shall comply with all applicable laws and shall be
subject to a participation agreement that incorporates the following restrictions:

     (i) such Lender shall remain the holder of its Notes hereunder (if such
Notes are issued), notwithstanding any such participation;

     (ii) a participant shall not reassign or transfer, or grant any
sub-participations in its participation interest hereunder or any part thereof; and

     (iii) such Lender shall retain the sole right and responsibility to enforce
the obligations of the Credit Parties relating to the Notes and the other Loan
Documents, including, without limitation, the right to proceed against any Guarantors,
or cause the Administrative Agent to do so (subject to the terms and conditions hereof),
and the right to approve any amendment, modification or waiver of any provision of this
Agreement without the consent of the participant (unless such participant is an
Affiliate of such Lender), except for those matters covered by Section 13.10(a)
through (e) hereof (provided that a participant may exercise approval rights
over such matters only on an indirect basis, acting through such Lender and the Credit
Parties, the Administrative Agent and the other Lenders may continue to deal directly
with such Lender in connection with such Lender’s rights and duties hereunder).
Notwithstanding the foregoing, however, in the case of any participation granted by any
Lender hereunder, the participant shall not have any rights under this Agreement or any
of the other Loan Documents against the Administrative Agent, any other Lender or any
Credit Party; provided, however, that the participant may have rights
against such Lender in respect of such participation as may be set forth in the
applicable participation agreement and all amounts payable by the Credit Parties
hereunder shall be determined as if such Lender had not sold such participation. Each
such participant shall be entitled to the benefits of Article 11 of this
Agreement to the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to clause (d) of this Section, provided that no participant
shall be entitled to receive any greater amount pursuant to such the provisions of
Article 11 than the issuing Lender would have been entitled to receive in
respect of the amount of the participation transferred by such issuing Lender to such
participant had no such transfer occurred and each such participant shall also be
entitled to the benefits of Section 9.6 hereof as though it were a Lender,
provided that such participant agrees to be subject to Section 10.3 hereof as
though it were a Lender.

     (f) Any Lender may at any time pledge or assign a security interest in all or any
portion of its rights under this Agreement (including its Notes, if any) to secure obligations
of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve
Bank; provided that no such pledge or assignment or enforcement thereof shall release such
Lender from any of its obligations hereunder or substitute any such pledge or assignee for
such Lender as a party hereto.

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     (g) The Administrative Agent shall maintain at its principal office 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, the Percentages of such Lenders and the
principal amount of each type of Advance owing to each such Lender from time to time. The
entries in the Register shall be conclusive evidence, absent manifest error, and the
Borrowers, the Administrative Agent, and the Lenders may treat each Person whose name is
recorded in the Register as the owner of the Advances recorded therein for all purposes of
this Agreement. The Register shall be available for inspection by any Borrower or any Lender
upon reasonable notice to the Administrative Agent and a copy of such information shall be
provided to any such party on their prior written request. The Administrative Agent shall
give prompt written notice to the Administrative Borrower of the making of any entry in the
Register or any change in such entry.

     (h) The Borrowers authorize each Lender to disclose to any prospective assignee or
participant which has satisfied the requirements hereunder, any and all financial information
in such Lender’s possession concerning the Credit Parties which has been delivered to such
Lender pursuant to this Agreement, provided that each such prospective assignee or participant
shall execute a confidentiality agreement consistent with the terms of Section 13.11
hereof or shall otherwise agree to be bound by the terms thereof.

     (i) Nothing in this Agreement, the Notes or the other Loan Documents, expressed
or implied, is intended to or shall confer on any Person other than the respective parties
hereto and thereto and their successors and assignees and participants permitted hereunder and
thereunder any benefit or any legal or equitable right, remedy or other claim under this
Agreement, the Notes or the other Loan Documents.

     13.9 Counterparts. This Agreement may be executed in several counterparts, and
each executed copy shall constitute an original instrument, but such counterparts shall together
constitute but one and the same instrument.

     13.10 Amendment and Waiver.

     (a) No amendment or waiver of any provision of this Agreement or any other Loan
Document, nor consent to any departure by any Credit Party therefrom, shall in any event be
effective unless the same shall be in writing and signed by the Administrative Agent and the
Majority Lenders (or by the Administrative Agent at the written request of the Majority
Lenders) or, if this Agreement expressly so requires with respect to the subject matter
thereof, by all Lenders (and, with respect to any amendments to this Agreement or the other
Loan Documents, by any Credit Party or the Guarantors that are signatories thereto), and then
such waiver or consent shall be effective only in the specific instance and for the specific
purpose for which given; provided, however, that no amendment, waiver or
consent shall, unless in writing and signed by the Lender or Lenders affected thereby, do any
of the following: (a) increase or decrease the stated amount of such Lender’s commitment
hereunder, (b) reduce the amortization or principal of, or interest on, any outstanding
Indebtedness or any Fees or other amounts payable hereunder, (c) postpone any date fixed for
any payment of principal of, or interest on, any

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outstanding Indebtedness or any Fees or other amounts payable hereunder, (d) except as
expressly permitted hereunder or under the Collateral Documents, release all or substantially
all of the Collateral (provided that neither the Administrative Agent nor any Lender shall be
prohibited thereby from proposing or participating in a consensual or nonconsensual
debtor-in-possession or similar financing), or release any material guaranty provided by any
Person in favor of the Administrative Agent and the Lenders, provided,
however, that the Administrative Agent shall be entitled, without notice to or any
further action or consent of the Lenders, to release any Collateral which any Credit Party is
permitted to sell, assign or otherwise transfer in compliance with this Agreement or the other
Loan Documents or release any guaranty to the extent expressly permitted in this Agreement or
any of the other Loan Documents (whether in connection with the sale, transfer or other
disposition of the applicable Guarantor or otherwise), (e) terminate or modify any indemnity
provided to the Lenders hereunder or under the other Loan Documents, except as shall be
otherwise expressly provided in this Agreement or any other Loan Document, or (f) change the
definitions of “Revolving Credit Percentage”, “Term Loan Percentage”,
“Weighted Percentage”, “Interest Periods”, “Majority Lenders”,
“Majority Revolving Credit Lenders”, “Majority Term Loan Lenders”,
Sections 10.2 or 10.3 hereof or this Section 13.10; provided,
further, that notwithstanding the foregoing, the Revolving Credit Maturity Date may be
postponed or extended, only with the consent of all of the Revolving Credit Lenders; and the
Term Loan Maturity Date may be postponed or extended only with the consent of all of the Term
Loan Lenders; and provided further, that no amendment, waiver or consent shall, unless
in a writing signed by the Swing Line Lender, do any of the following: (x) reduce the
principal of, or interest on, the Swing Line Note or (y) postpone any date fixed for any
payment of principal of, or interest on, the Swing Line Note and provided
further, that no amendment, waiver or consent shall, unless in a writing signed by
Issuing Lender affect the rights or duties of Issuing Lender under this Agreement or any of
the other Loan Documents and no amendment, waiver, or consent shall, unless in a writing
signed by the Administrative Agent affect the rights or duties of the Administrative Agent
under this Agreement or any other Loan Document. All references in this Agreement to
“Lenders” or “the Lenders” shall refer to all Lenders, unless expressly stated
to refer to Majority Lenders (or the like).

     (b) The Administrative Agent shall, upon the written request of the Administrative
Borrower, execute and deliver to the Credit Parties such documents as may be necessary to
evidence (1) the release of any Lien granted to or held by the Administrative Agent upon any
Collateral: (a) upon termination of the Revolving Credit Aggregate Commitment and payment in
full of all Indebtedness payable under this Agreement and under any other Loan Document; (b)
which constitutes property (including, without limitation, Equity Interests in any Person)
sold or to be sold or disposed of as part of or in connection with any disposition (whether by
sale, by merger or by any other form of transaction and including the property of any
Subsidiary that is disposed of as permitted hereby) permitted in accordance with the terms of
this Agreement; (c) which constitutes property in which a Credit Party owned no interest at
the time the Lien was granted or at any time thereafter; or (d) if approved, authorized or
ratified in writing by the Majority Lenders, or all the Lenders, as the case may be, as
provided in this Section 13.10; or (2) the release of any Person from its obligations
under

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the Loan Documents (including without limitation the Guaranty) if all of the Equity
Interests of such Person that were held by a Credit Party are sold or otherwise transferred to
any transferee other than any Borrower or a Subsidiary of any Borrower as part of or in
connection with any disposition (whether by sale, by merger or by any other form of
transaction) permitted in accordance with the terms of this Agreement; provided that
(i) the Administrative Agent shall not be required to execute any such release or
subordination agreement under clauses (1) or (2) above on terms which, in the
Administrative Agent’s opinion, would expose the Administrative Agent to liability or create
any obligation or entail any consequence other than the release of such Liens without recourse
or warranty or such release shall not in any manner discharge, affect or impair the
Indebtedness or any Liens upon any Collateral retained by any Credit Party, including (without
limitation) the proceeds of the sale or other disposition, all of which shall constitute and
remain part of the Collateral.

     13.11 Confidentiality. Each Lender agrees that it will not disclose without the
prior consent of the Administrative Borrower (other than to its employees, its Subsidiaries,
another Lender, an Affiliate of a Lender or to its auditors or counsel) any information with
respect to the Credit Parties which is furnished pursuant to this Agreement or any of the other
Loan Documents; provided that any Lender may disclose any such information (a) as has become
generally available to the public or has been lawfully obtained by such Lender from any third party
under no duty of confidentiality to any Credit Party, (b) as may be required or appropriate in any
report, statement or testimony submitted to, or in respect to any inquiry, by, any municipal, state
or federal regulatory body having or claiming to have jurisdiction over such Lender, including the
Board of Governors of the Federal Reserve System of the United States, the Office of the
Comptroller of the Currency or the Federal Deposit Insurance Corporation or similar organizations
(whether in the United States or elsewhere) or their successors, (c) as may be required or
appropriate in respect to any summons or subpoena or in connection with any litigation, (d) in
order to comply with any law, order, regulation, ruling or other requirement of law applicable to
such Lender, and (e) to any prospective assignee or participant in accordance with Section
13.8(h) hereof.

     13.12 Substitution or Removal of Lenders.

     If (a) the obligation of any Lender to make Eurocurrency-based Advances has been suspended
pursuant to Section 11.3 or 11.4, (b) any Lender has demanded compensation under
Sections 3.4(c), 11.5 or 11.6, (c) any Lender has become an Impaired Lender
or (d) any Lender has not approved an amendment, waiver or other modification of this Agreement, if
such amendment, waiver or modification has been approved by the Majority Lenders and the consent of
such Lender is required (in each case, an “Affected Lender”), then the Borrowers shall have
the following rights in addition to any other rights or remedies it may have hereunder:

     (i) Subject to Section 12.8 hereof, the Borrowers may, with the
assistance of the Administrative Agent, seek a substitute Lender or Lenders (which may
be one or more of the Lenders (the “Purchasing Lender” or “Purchasing
Lenders”) to purchase the Advances of the Revolving Credit, the Swing Line and/or
the Term Loan, as the case may be and assume the Revolving Credit Aggregate Commitment
(including without limitation the participations in

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Swing Line Advances and Letters of Credit) under this Agreement of such Affected
Lender, and require the Affected Lender to sell its Advances of the Revolving Credit,
the Swing Line and the Term Loan, as the case may be, and assign its Revolving Credit
Aggregate Commitment to such Purchasing Lender or Purchasing Lenders within two (2)
Business Days after receiving notice from the Administrative Borrower requiring it to do
so, at an aggregate price equal to the outstanding principal amount thereof, plus unpaid
interest accrued thereon up to but excluding the date of the sale, payable (in
immediately available funds) in cash. In connection with any such sale, and as a
condition thereof, the Borrowers shall pay to the Affected Lender all fees accrued for
its account hereunder to but excluding the date of such sale, plus, if demanded by the
Affected Lender within ten (10) Business Days after such sale, (x) the amount of any
compensation which would be due to the Affected Lender under Section 11.1 if the
Borrowers had prepaid the outstanding Eurocurrency-based Advances of the Affected Lender
on the date of such sale (unless such Affected Lender is an Impaired Lender, in which
case no such compensation shall be due) and (y) any additional compensation accrued for
its account under Sections 3.4(c), 11.5 and 11.6 to but
excluding said date. Upon such sale, the Purchasing Lender or Purchasing Lenders shall
assume the Affected Lender’s commitment, the rights of the Affected Lender shall be
terminated hereunder and the Affected Lender shall be released from its obligations
hereunder to a corresponding extent. The Affected Lender, as assignor, such Purchasing
Lender, as assignee, the Borrowers and the Administrative Agent, shall enter into an
Assignment Agreement pursuant to Section 13.8 hereof, whereupon such Purchasing
Lender shall be a Lender party to this Agreement, shall be deemed to be an assignee
hereunder and shall have all the rights and obligations of a Lender with a Revolving
Credit Percentage equal to its ratable share of the then applicable Revolving Credit
Aggregate Commitment and the applicable Percentages of the Term Loan of the Affected
Lender, provided, however, that if the Affected Lender does not execute
such Assignment Agreement within (2) Business Days of receipt thereof, the
Administrative Agent may execute the Assignment Agreement as the Affected Lender’s
attorney-in-fact. Each of the Lenders hereby irrevocably constitutes and appoints the
Administrative Agent and any officer or agent thereof, with full power of substitution,
as its true and lawful attorney-in-fact with full power and authority in the name of
such Lender or in its own name to execute and deliver an Assignment Agreement while such
Lender is an Affected Lender hereunder (such power of attorney to be deemed coupled with
an interest and irrevocable). In connection with any assignment pursuant to this
Section 13.12, the Borrowers or the Purchasing Lender shall pay to the
Administrative Agent the administrative fee for processing such assignment referred to
in Section 13.8; and

     (ii) With respect to any Affected Lender that is an Impaired Lender, the
Administrative Borrower may, with the prior written consent of the Administrative Agent
and notwithstanding Section 10.3 of this Agreement or any other provisions
requiring pro rata payments to the Lenders, elect to reduce the Revolving Credit
Aggregate Commitment by the amount of the Revolving Credit Aggregate Commitment of such
Affected Lender and repay all amounts (both any

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outstanding Term Loan Advances, subject to subclause (D) below, if such
Affected Lender is a Defaulting Lender, and any Revolving Credit Advances) owing to such
Affected Lender, subject to the following:

     (A) such Affected Lender shall receive an amount in cash equal to the
outstanding principal amount owing to such Affected Lender under this Agreement,
plus unpaid interest accrued thereon up to but excluding the date of the repayment.
In addition, and as a condition thereof, the Borrowers shall pay to the Affected
Lender all fees accrued for its account hereunder to but excluding the date of such
repayment, plus, if demanded by the Affected Lender within ten (10) Business Days
after such repayment, any additional compensation accrued for its account under
Sections 3.4(c), 11.5 and 11.6 to but excluding said date;

     (B) after giving effect to the reduction in the Revolving Credit
Aggregate Commitment and the payments required under subclause (A) above,
the Borrowers shall have Unused Revolving Credit Availability of at least
$5,000,000 (after taking into account the sum on such date of the outstanding
principal amount of all Revolving Credit Advances, Swing Line Advances and Letter
of Credit Obligations);

     (C) the stated dollar commitment of any other Lender is not increased
thereby; and

     (D) if such Affected Lender is a Defaulting Lender and such Defaulting
Lender holds no share of the Revolving Credit Aggregate Commitment, or with respect
to which the Borrowers have elected to reduce the Revolving Credit Aggregate
Commitment of such Defaulting Lender by such Defaulting Lender’s Revolving Credit
Percentage in accordance with the foregoing provisions of this clause (ii),
the Borrowers may repay all amounts owing to such Lender in connection with the
Term Loan, provided that (I) the Majority Lenders have consented to such payment in
writing, (II) after giving effect to any reduction of the Revolving Credit
Aggregate Commitment or payments on the Revolving Credit under clause (ii)
above and payments on the Term Loan under this clause (D), the Borrowers
shall have availability, on the date of the repayment, to borrow additional
Revolving Credit Advances under the Revolving Credit Aggregate Commitment of at
least $5,000,000 (after taking into account the sum on such date of the outstanding
principal amount of all Revolving Credit Advances, Swing Line Advances and Letter
of Credit Obligations) and (III) the stated dollar commitment of any other Lender
is not increased thereby.

     13.13 Withholding Taxes. If any Lender is not a “united states person”
within the meaning of Section 7701(a)(30) of the Internal Revenue Code, such Lender shall promptly
(but in any event prior to the initial payment of interest hereunder or prior to its accepting any
assignment under Section 13.8 hereof, as applicable) deliver to the Administrative Agent
two

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original executed copies of (i) Internal Revenue Service Form W-8BEN or any successor form
specifying the applicable tax treaty between the United States and the jurisdiction of such
Lender’s domicile which provides for the exemption from withholding on interest payments to such
Lender, (ii) Internal Revenue Service Form W-8ECI or any successor form evidencing that the income
to be received by such Lender hereunder is effectively connected with the conduct of a trade or
business in the United States or (iii) other evidence satisfactory to the Administrative Agent that
such Lender is exempt from United States income tax withholding with respect to such income;
provided, however, that such Lender shall not be required to deliver to the
Administrative Agent the aforesaid forms or other evidence with respect to Advances to the
Borrowers, if such Lender has assigned its entire interest hereunder (including its Revolving
Credit Commitment Amount, any outstanding Advances hereunder and participations in Letters of
Credit issued hereunder and any Notes issued to it by the Borrowers), to an Affiliate which is
incorporated under the laws of the United States or a state thereof, and so notifies the
Administrative Agent. Such Lender shall amend or supplement any such form or evidence as required
to insure that it is accurate, complete and non-misleading at all times. Promptly upon notice from
the Administrative Agent of any determination by the Internal Revenue Service that any payments
previously made to such Lender hereunder were subject to United States income tax withholding when
made, such Lender shall pay to the Administrative Agent the excess of the aggregate amount required
to be withheld from such payments over the aggregate amount actually withheld by the Administrative
Agent. In addition, from time to time upon the reasonable request and the sole expense of the
Borrowers, each Lender and the Administrative Agent shall (to the extent it is able to do so based
upon applicable facts and circumstances), complete and provide the Administrative Borrower with
such forms, certificates or other documents as may be reasonably necessary to allow any Borrower,
as applicable, to make any payment under this Agreement or the other Loan Documents without any
withholding for or on the account of any tax under Section 10.1(d) hereof (or with such
withholding at a reduced rate), provided that the execution and delivery of such forms,
certificates or other documents does not adversely affect or otherwise restrict the rights and
benefits (including without limitation economic benefits) available to such Lender or the
Administrative Agent, as the case may be, under this Agreement or any of the other Loan Documents,
or under or in connection with any transactions not related to the transactions contemplated
hereby.

     13.14 Taxes and Fees. Should any tax (other than as a result of a Lender’s failure
to comply with Section 13.13 or a tax based upon the net income or capitalization of any
Lender or the Administrative Agent by any jurisdiction where a Lender or the Administrative Agent
is or has been located), or recording or filing fee become payable in respect of this Agreement or
any of the other Loan Documents or any amendment, modification or supplement hereof or thereof, the
Borrowers agree to pay the same, together with any interest or penalties thereon arising from any
Borrower’s actions or omissions, and agrees to hold the Administrative Agent and the Lenders
harmless with respect thereto, provided, however, that the Borrowers shall not be
responsible for any such interest or penalties which were incurred prior to the date that notice is
given to the Credit Parties of such tax or fees. Notwithstanding the foregoing, nothing contained
in this Section 13.14 shall affect or reduce the rights of any Lender or the Administrative
Agent under Section 11.5 hereof.

     13.15 WAIVER OF JURY TRIAL. THE LENDERS, THE AGENT AND EACH BORROWER KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY WAIVE ANY

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RIGHT ANY OF THEM MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION BASED UPON OR ARISING OUT OF
THIS AGREEMENT OR ANY RELATED INSTRUMENT OR AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY
THIS AGREEMENT OR ANY COURSE OF CONDUCT, DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTION OF
ANY OF THEM. NEITHER THE LENDERS, THE AGENT NOR ANY BORROWER SHALL SEEK TO CONSOLIDATE, BY
COUNTERCLAIM OR OTHERWISE, ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED WITH ANY OTHER
ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED. THESE PROVISIONS SHALL NOT BE
DEEMED TO HAVE BEEN MODIFIED IN ANY RESPECT OR RELINQUISHED BY THE LENDERS AND THE AGENT OR ANY
BORROWER EXCEPT BY A WRITTEN INSTRUMENT EXECUTED BY ALL OF THEM.

     13.16 USA Patriot Act Notice. Pursuant to Section 326 of the USA Patriot Act, the
Administrative Agent and the Lenders hereby notify the Credit Parties that if they or any of their
Subsidiaries open an account, including any loan, deposit account, treasury management account, or
other extension of credit with the Administrative Agent or any Lender, the Administrative Agent or
the applicable Lender will request the applicable Person’s name, tax identification number,
business address and other information necessary to identify such Person (and may request such
Person’s organizational documents or other identifying documents) to the extent necessary for the
Administrative Agent and the applicable Lender to comply with the USA Patriot Act.

     13.17 Complete Agreement; Conflicts. This Agreement, the Notes (if issued), any
Requests for Revolving Credit Advance and Requests for Swing Line Advance and Term Loan Rate
Requests, and the Loan Documents contain the entire agreement of the parties hereto, superseding
all prior agreements, discussions and understandings relating to the subject matter hereof, and
none of the parties shall be bound by anything not expressed in writing. In the event of any
conflict between the terms of this Agreement and the other Loan Documents, this Agreement shall
govern.

     13.18 Severability. In case any one or more of the obligations of the Credit
Parties under this Agreement, the Notes or any of the other Loan Documents shall be invalid,
illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the
remaining obligations of the Credit Parties shall not in any way be affected or impaired thereby,
and such invalidity, illegality or unenforceability in one jurisdiction shall not affect the
validity, legality or enforceability of the obligations of the Credit Parties under this Agreement,
the Notes or any of the other Loan Documents in any other jurisdiction.

     13.19 Table of Contents and Headings; Section References. The table of contents and
the headings of the various subdivisions hereof are for convenience of reference only and shall in
no way modify or affect any of the terms or provisions hereof and references herein to
“sections,” “subsections,” “clauses,” “paragraphs,”
“subparagraphs,” “exhibits” and “schedules” shall be to sections,
subsections, clauses, paragraphs, subparagraphs, exhibits and schedules, respectively, of this
Agreement unless otherwise specifically provided herein or unless the context otherwise clearly
indicates.

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     13.20 Construction of Certain Provisions. If any provision of this Agreement or any
of the Loan Documents refers to any action to be taken by any Person, or which such Person is
prohibited from taking, such provision shall be applicable whether such action is taken directly or
indirectly by such Person, whether or not expressly specified in such provision.

     13.21 Independence of Covenants. Each covenant hereunder shall be given independent
effect (subject to any exceptions stated in such covenant) so that if a particular action or
condition is not permitted by any such covenant (taking into account any such stated exception),
the fact that it would be permitted by an exception to, or would be otherwise within the
limitations of, another covenant shall not avoid the occurrence of a Default or an Event of
Default.

     13.22 Electronic Transmissions.

     (a) Each of the Administrative Agent, the Credit Parties, the Lenders, and each of
their Affiliates is authorized (but not required) to transmit, post or otherwise make or
communicate, in its sole discretion, Electronic Transmissions in connection with any Loan
Document and the transactions contemplated therein. Each Borrower and each other Credit Party
hereby acknowledges and agrees that the use of Electronic Transmissions is not necessarily
secure and that there are risks associated with such use, including risks of interception,
disclosure and abuse and each indicates it assumes and accepts such risks by hereby
authorizing the transmission of Electronic Transmissions.

     (b) All uses of an E-System shall be governed by and subject to, in addition to
Section 13.6 and this Section 13.22, separate terms and conditions posted or
referenced in such E-System and related contractual obligations executed by the Administrative
Agent, the Credit Parties and the Lenders in connection with the use of such E-System.

     (c) All E-Systems and Electronic Transmissions shall be provided “as is”
and “as available”. None of the Administrative Agent or any of its Affiliates
warrants the accuracy, adequacy or completeness of any E-Systems or Electronic Transmission,
and each disclaims all liability for errors or omissions therein. No warranty of any kind is
made by the Administrative Agent or any of its Affiliates in connection with any E Systems or
Electronic Transmission, including any warranty of merchantability, fitness for a particular
purpose, non-infringement of third-party rights or freedom from viruses or other code
defects. The Administrative Agent, the Credit Parties and the Lenders agree that the
Administrative Agent has no responsibility for maintaining or providing any equipment,
software, services or any testing required in connection with any Electronic Transmission or
otherwise required for any E-System.

     13.23 Advertisements. The Administrative Agent and the Lenders may disclose the
names of the Credit Parties and the existence of the Indebtedness in general advertisements and
trade publications.

     13.24 Reliance on and Survival of Provisions. All terms, covenants, agreements,
representations and warranties of the Credit Parties to any of the Loan Documents made herein or in
any of the Loan Documents or in any certificate, report, financial statement or other

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document furnished by or on behalf of any Credit Party in connection with this Agreement or
any of the Loan Documents shall be deemed to have been relied upon by the Lenders, notwithstanding
any investigation heretofore or hereafter made by any Lender or on such Lender’s behalf, and those
covenants and agreements of the Borrowers set forth in Section 13.5 hereof (together with
any other indemnities of any Credit Party contained elsewhere in this Agreement or in any of the
other Loan Documents) and of Lenders set forth in Section 12.7 hereof shall survive the
repayment in full of the Indebtedness and the termination of any commitment to extend credit.

     13.25 Joint and Several Liability.

     (a) Each of the Borrowers acknowledges and agrees that it is the intent of the
parties that each such Borrower be primarily liable for the obligations as a joint and several
obligor. It is the intention of the parties that with respect to liability of any Borrower
hereunder arising solely by reason of its being jointly and severally liable for Advances and
other extensions of credit taken by the Borrowers, the obligations of such Borrower shall be
absolute, unconditional and irrevocable irrespective of:

     (i) any lack of validity, legality or enforceability of this Agreement or
any Note as to any Borrower, as the case may be;

     (ii) the failure of any Lender or any holder of any Note:

     (A) to enforce any right or remedy against any Borrower, as the case may
be, or any other Person (including any Guarantor) under the provisions of this
Agreement, such Note, or otherwise, or

     (B) to exercise any right or remedy against any guarantor of, or
collateral securing, any obligations;

     (iii) any change in the time, manner or place of payment of, or in any other
term of, all or any of the Indebtedness, or any other extension, compromise or renewal
of any Indebtedness;

     (iv) any reduction, limitation, impairment or termination of any Indebtedness
with respect to any Borrower, as the case may be, for any reason, including any claim of
waiver, release, surrender, alteration or compromise, and shall not be subject to (and
each of the Borrowers hereby waives any right to or claim of) any defense (other than
the defense of payment in full of the Indebtedness) or setoff, counterclaim, recoupment
or termination whatsoever by reason of the invalidity, illegality, nongenuineness,
irregularity, compromise, unenforceability of, or any other event or occurrence
affecting, any Indebtedness with respect to any Borrower, as the case may be;

     (v) any addition, exchange, release, surrender or nonperfection of any
collateral, or any amendment to or waiver or release or addition of, or consent to
departure from, any guaranty, held by any Lender or any holder of the Notes securing any
of the Indebtedness; or

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     (vi) any other circumstance which might otherwise constitute a defense (other
than the defense of payment in full of the Indebtedness) available to, or a legal or
equitable discharge of, any Borrower, as the case may be, any surety or any guarantor.

     (b) Each of the Borrowers agrees that its joint and several liability hereunder
shall continue to be effective or be reinstated, as the case may be, if at any time any
payment (in whole or in part) of any of the Indebtedness is rescinded or must be restored by
any Lender or any holder of any Note, upon the insolvency, bankruptcy or reorganization of any
Borrower, as the case may be, as though such payment had not been made;

     (c) Each of the Borrowers hereby expressly waives: (i) notice of the Lenders’
acceptance of this Agreement; (ii) notice of the existence or creation or non payment of all
or any of the Indebtedness other than notices expressly provided for in this Agreement; (iii)
presentment, demand, notice of dishonor, protest, and all other notices whatsoever other than
notices expressly provided for in this Agreement; (iv) any claim or defense based on an
election of remedies; and (v) all diligence in collection or protection of or realization upon
the Indebtedness or any part thereof, any obligation hereunder, or any security for or
guaranty of any of the foregoing.

     (d) No delay on any of the Lenders part in the exercise of any right or remedy
shall operate as a waiver thereof, and no single or partial exercise by any of the Lenders of
any right or remedy shall preclude other or further exercise thereof or the exercise of any
other right or remedy. No action of any of the Lenders permitted hereunder shall in any way
affect or impair any such Lenders’ rights or any Borrower’s Indebtedness under this Agreement.

     (e) Each of the Borrowers hereby represents and warrants to each of the Lenders
that it now has and will continue to have independent means of obtaining information
concerning the Borrowers’ affairs, financial condition and business. Lenders shall not have
any duty or responsibility to provide any Borrower with any credit or other information
concerning such Borrower’s affairs, financial condition or business which may come into the
Lenders’ possession.

     (f) Each of the Borrowers represents and warrants (i) that the business
operations of the Borrowers are interrelated and that the business operations of the Borrowers
complement one another, and such entities have a common business purpose, and (ii) that, to
permit their uninterrupted and continuous operations, such entities now require and will from
time to time hereafter require funds and credit accommodations for general business purposes
and that (iii) the proceeds of advances under the Revolving Credit, the Term Loan, the Swing
Line and the other credit facilities extended hereunder will directly or indirectly benefit
the Borrowers hereunder, severally and jointly, regardless of which the Borrowers receives
part or all of the proceeds of such Advances.

     (g) Notwithstanding anything to the contrary contained herein, it is the intention
of the Borrowers, the Agent and the Lenders that the amount of the respective

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Borrowers’ obligations hereunder shall be in, but not in excess of, the maximum amount
thereof not subject to avoidance or recovery by operation of applicable law governing
bankruptcy, reorganization, arrangement, adjustment of debts, relief of debtors, dissolution,
insolvency, fraudulent transfers or conveyances or other similar laws (collectively,
“Applicable Insolvency Laws”). To that end, but only in the event and to the extent
that the Borrowers’ respective obligations hereunder or any payment made pursuant thereto
would, but for the operation of the foregoing proviso, be subject to avoidance or recovery
under Applicable Insolvency Laws, the amount of the Borrowers’ respective obligations
hereunder shall be limited to the largest amount which, after giving effect thereto, would
not, under Applicable Insolvency Laws, render the Borrowers’ respective obligations hereunder
unenforceable or avoidable or subject to recovery under Applicable Insolvency Laws. To the
extent any payment actually made hereunder exceeds the limitation contained in this
Section 13.25(g), then the amount of such excess shall, from and after the time of
payment by the Borrowers (or any of them), be reimbursed by the Lenders upon demand by such
Borrowers. The foregoing proviso is intended solely to preserve the rights of the Agent and
the Lenders hereunder against the Borrowers to the maximum extent permitted by Applicable
Insolvency Laws and neither any Borrower nor any Guarantor nor any other Person shall have any
right or claim under this Section 13.25(g) that would not otherwise be available under
Applicable Insolvency Laws.

     13.26 Administrative Borrower as Agent for the Borrowers. Each Borrower hereby
irrevocably appoints the Administrative Borrower as the borrowing agent and attorney-in-fact for
all Borrowers, which appointment shall remain in full force and effect unless and until the
Administrative 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 the Administrative Borrower (i) to provide
the Administrative Agent with all notices with respect to Advances and Letters of Credit obtained
for the benefit of any Borrower and all other notices and instructions under this Agreement and
(ii) to take such action as the Administrative Borrower deems appropriate on its behalf to obtain
Advances and Letters of Credit and to exercise such other powers as are reasonably incidental
thereto to carry out the purposes of this Agreement. It is understood that the handling of the
Register pursuant to Sections 2.2(c), 4.2(c) and 13.8(g) hereof and
Collateral of the Borrowers in a combined fashion, as more fully set forth herein and in the other
Loan Documents, is done solely as an accommodation to the Borrowers in order to utilize the
collective borrowing powers of the Borrowers in the most efficient and economical manner and at
their request, and that the Administrative Agent and the Lenders shall not incur liability to any
Borrower as a result hereof. Each Borrower expects to derive benefit, directly or indirectly, from
the handling of the Register and the Collateral in a combined fashion since the operation of each
Borrower is dependent on the performance of the integrated group. To induce the Administrative
Agent and the Lenders to do so, and in consideration thereof, each Borrower hereby jointly and
severally agrees to indemnify the Administrative Agent and the Lenders and hold the Administrative
Agent and the Lenders harmless against any and all liability, expense, loss or claim of damage or
injury, made against the Administrative Agent or any Lender by any Borrower or by any third-party
whosoever, arising from or incurred by reason of (a) the handling of the Register and Collateral of
the Borrowers as herein provided, (b) the Administrative Agent and the Lenders relying on any
instructions of the Administrative Borrower, or (c) any other

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action taken by the Administrative Agent or the Lenders hereunder or under the other Loan
Documents, except that the Borrowers will have no liability to the Administrative Agent or any
Lender, as applicable, under this Section 13.26 with respect to any liability that has been
finally determined by a court of competent jurisdiction to have resulted solely from the gross
negligence or willful misconduct of such party, as the case may be.

[Signatures Follow On Succeeding Page]

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     WITNESS the due execution hereof as of the day and year first above written.

	 	 	 	 	 	 	 

	 	 	AMERICAN MIDSTREAM, LLC,

as the Administrative Borrower and as a Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Brian Bierbach	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Brian Bierbach, CEO and President	 	 

Signature Page — Credit Agreement

 

 

	 	 	 	 	 
	 	COMERICA BANK,

as the Administrative Agent

 	 
	 	By:  	/s/ Caroline M. McClurg
 	 
	 	 	Caroline M. McClurg, Vice President 	 
	 	 	 	 
	 
	 	COMERICA BANK,

as a Lender, as Issuing Lender

and as Swing Line Lender

 	 
	 	By:  	Caroline M. McClurg
 	 
	 	 	Caroline M. McClurg, Vice President 	 
	 	 	 	 
	 

Signature Page — Credit Agreement

 

 

	 	 	 	 	 	 	 

	 	 	COMPASS BANK,

as the Documentation Agent and as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Greg Determann	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Greg Determann	 	 
	 

	 	Title:
	 	Vice President	 	 

Signature Page — Credit Agreement

 

 

	 	 	 	 	 	 	 

	 	 	ROYAL BANK OF CANADA,

as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jason S. York	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Jason S. York	 	 
	 

	 	Title:
	 	Authorized Signatory	 	 

Signature Page — Credit Agreement

 

 

Schedule 1.1

Applicable Margin Grid

Revolving Credit and Term Loan Facilities*

(basis points per annum)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Basis for Pricing	 	Level I	 	Level II	 	Level III	 	Level IV
	 	 	 	 	 	 	≥ 2.00:1.00 but	 	≥ 2.50:1.00 but	 	 
	Total Debt to Consolidated EBITDA Ratio	 	< 2.00:1.00	 	< 2.50:1.00	 	< 3.00:1.00	 	≥ 3.00:1.00
	Revolving Credit Eurodollar Margin
	 	 	325.00	 	 	 	350.00	 	 	 	375.00	 	 	 	400.00	 
	Revolving Credit Base Rate Margin
	 	 	225.00	 	 	 	250.00	 	 	 	275.00	 	 	 	300.00	 
	Revolving Credit Facility Fee
	 	 	100.00	 	 	 	100.00	 	 	 	100.00	 	 	 	100.00	 
	Letter of Credit Fees (exclusive of facing fees)
	 	 	325.00	 	 	 	350.00	 	 	 	375.00	 	 	 	400.00	 
	Term Loan Eurodollar Margin
	 	 	325.00	 	 	 	350.00	 	 	 	375.00	 	 	 	400.00	 
	Term Loan Base Rate Margin
	 	 	225.00	 	 	 	250.00	 	 	 	275.00	 	 	 	300.00	 
	Term Loan Facility Fee
	 	 	100.00	 	 	 	100.00	 	 	 	100.00	 	 	 	100.00	 

 

			
	*	 	Definitions as set forth in the Credit Agreement.
	 
	**	 	Level III pricing shall be in effect until the delivery of the audited financial statements
for the fiscal year ending December 31, 2009, after which time the pricing grid shall govern.

 

 

Schedule 1.2

Percentages and Allocations

Revolving Credit and Term Loan Facilities

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	REVOLVING	 	REVOLVING	 	 	 	 	 	 
	 	 	CREDIT	 	CREDIT	 	TERM LOAN	 	TERM LOAN	 	WEIGHTED
	LENDERS	 	PERCENTAGE	 	ALLOCATIONS	 	PERCENTAGE	 	ALLOCATIONS	 	PERCENTAGE
	Comerica Bank
	 	 	35.296	%	 	$	12,353,600	 	 	 	35.296	%	 	$	17,648,000	 	 	 	 	 
	Compass Bank
	 	 	35.294	%	 	$	12,352,900	 	 	 	35.294	%	 	$	17,647,000	 	 	 	 	 
	Royal Bank of Canada
	 	 	29.41	%	 	$	10,293,500	 	 	 	29.41	%	 	$	14,705,000	 	 	 	 	 
	TOTALS
	 	 	100	%	 	$	35,000,000	 	 	 	100	%	 	$	50,000,000	 	 	 	100	%

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