Document:

<PAGE>

                                                                    Exhibit 10.1

President/Chief Operating Officer's Bonus Arrangement

Fastenal Company's President/Chief Operating Officer is paid a bonus under an
individual bonus arrangement. Under this arrangement, the President/Chief
Operating Officer's bonus for any quarter is calculated based on the amount by
which the Company's consolidated pre-tax income for such quarter exceeds the
Company's consolidated pre-tax income for the same quarter in the prior year.<PAGE>

                                                                    Exhibit 10.2

Treasurer/Chief Financial Officer's Bonus Arrangement

Fastenal Company's Treasurer/Chief Financial Officer is paid a bonus under an
individual bonus arrangement. Under this arrangement, the Treasurer/Chief
Financial Officer's bonus for any quarter is calculated based on the amount by
which the Company's consolidated net income for such quarter exceeds a
percentage of such quarter's net sales.<PAGE>

                                                                    Exhibit 10.3

Vice President of Sales Bonus Arrangement

Fastenal Company's Vice President of Sales is paid a bonus under an individual
bonus arrangement. Under this arrangement, the bonus paid to the Vice President
of Sales for any quarter is calculated based on the amounts by which the
Company's net sales and consolidated pre-tax income for such quarter exceed,
respectively, the Company's net sales and consolidated pre-tax income for the
same quarter in the prior year.<PAGE>

                                                                    Exhibit 10.5

                               AMENDMENT NO. 1 TO
                 FASTENAL COMPANY STOCK APPRECIATION RIGHTS PLAN

This Amendment No. 1 to the Fastenal Company Stock Appreciation Rights Plan (the
"Plan") is adopted and made by Fastenal Company, a Minnesota corporation with
principal offices at Winona, Minnesota (the "Company"), pursuant to the power
reserved to the Company under Paragraph 9 of the Plan. The Plan, which was
adopted effective April 18, 2000, for the benefit of certain employees of
Fastenal Company (the "Company"), is hereby amended as follows.

1.   Subparagraph 5(a) of the Plan is hereby amended to read as follows:

          (a) Base Price. The Base price per Unit with respect to each Right
          --------------
     shall be determined and stated by the Board at the time of grant. Such Base
     price shall be not less than the closing price at which Shares of the
     Common Stock were traded on the securities exchange or Nasdaq National
     Market System on which the Shares are then listed and traded on the most
     recent trading date preceding the date of grant. If the Common Stock is not
     then listed and traded upon a securities exchange or the Nasdaq National
     Market System, such Base price shall be not less than the fair market value
     of a Share on the date of grant, as determined by the Board. The
     determination of the Base price by the Company shall be binding upon the
     Participant and all other persons.

2.   Subparagraph 5(b) of the Plan is hereby amended to read as follows:

          (b) Exercise Price. The Exercise Price per Unit with respect to each
          ------------------
     Right shall be the fair market value of a Share on the date of exercise.
     For the purposes hereof, fair market value shall be determined: (i) in case
     the Common Stock shall not then be listed and traded upon a recognized
     securities exchange or the Nasdaq National Market System, upon the basis of
     the mean between the bid and asked quotations for such stock on the date of
     exercise (as reported by a recognized stock quotation service) or, in the
     event that there shall be no bid or asked quotations on the date of
     exercise, then upon the basis of the mean between the bid and asked
     quotations on the date nearest preceding the date of exercise or (ii) in
     case the Common Stock shall then be listed and traded upon a recognized
     securities exchange or the Nasdaq National Market System, upon the basis of
     the mean between the highest and lowest selling prices at which Shares of
     the Common Stock were traded on such recognized securities exchange or the
     Nasdaq National Market System on the date of exercise or, if the Common
     Stock was not traded on said date, upon the basis of the mean of such
     prices on the date nearest preceding the date of exercise. The
     Administrator shall determine and state the fair market value at the time
     of exercise, and such determination shall be binding upon the Participant
     and all other persons.

3.   Subparagraph 5(c) of the Plan is hereby amended to read as follows:

          (c) Period of Rights. The period of each Right shall be specified by
          --------------------
     the Board at the time of grant. If the expiration date is a day on which
     the

<PAGE>

     securities exchange or the Nasdaq National Market System on which the
     Shares are then listed and traded is closed, the expiration date shall be
     the next day on which it is not closed.

4.   Paragraph 9 of the Plan is hereby amended to read as follows:

     9.   Amendment, Suspension, or Termination of Plan.
     --------------------------------------------------

     The Company may at any time suspend or terminate the Plan or may amend it
     from time to time in such respects as it may deem advisable in order that
     the Rights granted thereunder may conform to any changes in the law or in
     any other respect which it may deem to be in the best interests of the
     Company. No Right may be granted during any suspension or after the
     termination of the Plan. No amendment, suspension, or termination of the
     Plan shall, without a Participant's consent, impair any of the rights or
     obligations under any Right theretofore granted to such Participant under
     the Plan. A Participant's consent to any amendment, suspension, or
     termination of the Plan or to any Right issued pursuant to the Plan shall
     be deemed to have been given if the Participant fails to object in writing
     within 15 days after written notice thereof, given in person or by
     certified mail sent to the Participant's address contained in the records
     of the Company.

5.   The provisions of this Amendment shall be effective on and after January 1,
2002, and shall apply to Rights thereafter issued under the Plan, but shall not
apply to Rights outstanding on that date.

6.   Except as modified herein, the Plan shall remain in full force and effect.

Executed at Winona, Minnesota, this 2nd day of January, 2002.

                                FASTENAL COMPANY

                                /s/ Robert A. Kierlin
                                -------------------------------------
                                Robert A. Kierlin, CEO

                                       2Exhibit (10)(a)

 

$1,000,000,000

AMENDED AND RESTATED CREDIT AGREEMENT*

among

ALLTEL CORPORATION

and

BANK OF AMERICA, N.A.,

as Administrative Agent,

THE CHASE MANHATTAN BANK,

CITIBANK, N.A.

and

KEYBANK NATIONAL ASSOCIATION,

as Co-Syndication Agents,

and

VARIOUS LENDING INSTITUTIONS

BANC OF AMERICA SECURITIES LLC,

as Sole Lead Arranger and Book Manager

Originally dated as of October 11, 1996

Amended as of December 30, 1997

Amended as of July 1, 1998

Amended and Restated as of June 28,
2001

* Conformed to reflect signatures.

 

TABLE OF CONTENTS

	SECTION 1 AMOUNTS AND TERMS OF
      LOANS
		
      1

	1.1 Commitments
		
      1

	1.2 Amount of Each Borrowing; Number of
      Borrowings.
		
      2

	1.3 Notices of Borrowing.
		
      2

	1.4 Disbursement of Funds.
		
      3

	1.5 Evidence of Debt; Notes
		
      4

	1.6 Allocation of Borrowings - Syndicate
    Loans
		
      5

	1.7 Interest.
		
      5

	1.8 Interest Periods
		
      6

	1.9 Increased Costs, Illegality, Etc.
		
      7

	1.10 Additional Compensation.
		
      9

	1.11 Special Payment Provisions.
		
      9

	1.12 Fees.
		
      10

	1.13 Reductions and Terminations of
      Commitments.
		
      11

	1.14 Substitutions
		
      11

	1.15 [Intentionally deleted.]
		
      12

	1.16 Conversion upon Payment Event of
    Default
		
      12

	1.17 Change of Control.
		
      12

	SECTION 2 PAYMENTS
		
      12

	2.1 Payments on Non-Business Days
		
      12

	2.2 Voluntary Prepayments.
		
      13

	2.3 Method and Place of Payment, Etc.
		
      13

	2.4 Tax Liabilities Imposed on a Bank
		
      14

	SECTION 3 CONDITIONS PRECEDENT
		
      14

	3.1 Conditions to Effectiveness
		
      14

	3.2 Conditions to Effectiveness of Amended and Restated
      Credit Agreement.
		
      15

	3.3 Conditions to Extending Loans.
		
      16

	SECTION 4 AFFIRMATIVE
COVENANTS
		
      17

	4.1 Furnish Financial Statements and
      Information
		
      17

	4.2 Insurance
		
      18

	4.3 Taxes, Charges, Etc.
		
      18

	4.4 Property.
		
      19

	4.5 Corporate Existence, Etc
		
      19

	4.6 Records and Visits and Inspections
		
      19

	4.7 [Intentionally deleted.]
		
      19

	4.8 Licenses; Patents; Trademarks; Etc.
		
      19

	4.9 Compliance with Laws
		
      20

	4.10 ERISA
		
      20

	4.11 Environmental
		
      21

	4.12 Long Term Debt to Capitalization Ratio
		
      21

	SECTION 5 NEGATIVE COVENANTS
		
      21

	5.1 Consolidation; Merger; Sale of
    Properties
		
      21

	5.2 Restrictive Agreements
		
      21

	5.3 Indebtedness
		
      22

	5.4 Guarantees
		
      22

	5.5 Loss of Investment Grade Rating
		
      22

	5.6 Nature of Business
		
      22

	SECTION 6 EVENTS OF DEFAULT
		
      22

	6.1 Payment
		
      23

	6.2 Covenants
		
      23

	6.3 Representations
		
      23

	6.4 Cross-Default
		
      23

i

	6.5 Bankruptcy; Insolvency
		
      23

	6.6 ERISA
		
      24

	6.7 [Intentionally deleted]
		
      24

	6.8 Judgments
		
      24

	6.9 Environmental.
		
      25

	SECTION 7 REPRESENTATIONS, WARRANTIES AND
      AGREEMENTS
		
      25

	7.1 Financial Information.
		
      25

	7.2 No Violation
		
      26

	7.3 Corporate Status
		
      26

	7.4 Taxes, Etc
		
      26

	7.5 Governmental Approvals
		
      26

	7.6 ERISA.
		
      27

	7.7 Regulations U and X
		
      27

	7.8 Rank of Debt
		
      27

	7.9 Encumbrances
		
      27

	7.10 Legal Proceedings
		
      27

	7.11 Judgments; Other Agreements
		
      28

	7.12 Environmental.
		
      28

	7.13 Investment Company Act
		
      28

	7.14 Material Adverse Change
		
      28

	SECTION 8 AGENT
		
      28

	8.1 Appointment
		
      28

	8.2 Nature of Duties
		
      29

	8.3 Rights Exculpation, Etc.
		
      29

	8.4 Reliance.
		
      30

	8.5 Indemnification
		
      30

	8.6 The Agent Individually
		
      30

	8.7 Holders of Notes.
		
      30

	8.8 Resignation by the Agent
		
      31

	SECTION 9 MISCELLANEOUS
		
      31

	9.1 Definitions
		
      31

	9.2 Accounting Principles
		
      39

	9.3 Exercise of Rights
		
      39

	9.4 Other Loans
		
      40

	9.5 Amendment and Waiver
		
      40

	9.6 Expenses.
		
      40

	9.7 Benefit of Agreement.
		
      41

	9.8 Descriptive Headings
		
      42

	9.9 Notices, Requests, Demands
		
      42

	9.10 Survival of Representations and
    Warranties
		
      42

	9.11 Governing Law, Etc
		
      42

	9.12 Counterparts
		
      43

	9.13 Right of Setoff
		
      43

	9.14 Proration of Excess Payments
		
      43

	9.15 Designation
		
      43

	SCHEDULE I - COMMITMENTS
		
      1

	EXHIBIT A-1 - PROMISSORY NOTE - Syndicate
      Loans
		
      1

	EXHIBIT A-2 - PROMISSORY NOTE - Competitive
      Bid Rate Loans
		
      1

	EXHIBIT B - OPINION
		
      1

	EXHIBIT C - OFFICER'S
    CERTIFICATE
		
      1

	EXHIBIT D - ENCUMBRANCES
		
      1

	EXHIBIT E - LITIGATION
		
      1

ii

AMENDED AND RESTATED CREDIT AGREEMENT

AMENDED AND RESTATED CREDIT AGREEMENT, dated as of
June 28, 2001 among ALLTEL CORPORATION, a Delaware corporation (the
"Company"), the parties listed on
Schedule I hereto (each, together with permitted successors and assigns, a
"Bank" and collectively, the "Banks"), BANK OF AMERICA, N.A., a national banking association as
Administrative Agent for the Banks to the extent and in the manner provided in
section 8 below (in such capacity, the "Agent") and THE
CHASE MANHATTAN BANK, a New York banking corporation, CITIBANK, N.A., a national
banking association and KEYBANK NATIONAL ASSOCIATION, a national banking
association, as Co-Syndication Agents for the Banks (individually, in such
capacity, a "Co-Syndication
Agent").

W I T N E S S E T H:

WHEREAS, the Company, the Banks, the Agent and the
Co-Syndication Agents are party to that certain Amended, Restated and
Replacement Credit Agreement dated as of October 11, 1996, as amended by that
certain First Amendment to Credit Agreement dated as of December 30, 1997 and
that certain Second Amendment to Credit Agreement dated as of July 1, 1998 (the
"Existing
Agreement"). Unless
otherwise defined herein, defined terms used in these recitals shall have the
meanings given such terms in the Existing Agreement;

WHEREAS, the Total Commitments equal $1,000,000,000 as of the Restatement
Effective Date. Pursuant to section 1.1(b) of the Existing Agreement, the current
Termination Date of each of the Banks, other than National City Bank is
October 1, 2005, and the current Termination Date of National City
Bank is October 1, 2003; and 

WHEREAS, the Company, the Banks, the Agent and the Co-Syndication Agents have
agreed to amend the Existing Agreement in certain respects, which amendments
require the consent of the Required Banks pursuant to section 9.5 of the Existing
Agreement, and to restate the Existing Agreement as so amended.

NOW THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the Company, the Banks, the Agent and the Co-Syndication Agents
agree that the Existing Agreement is amended and restated, effective as of the
Restatement Effective Date to read in its entirety as follows:

SECTION 1
AMOUNTS AND TERMS OF LOANS

1.1 Commitments.

  (a) Subject to and upon the terms and conditions
  herein set forth, each Bank severally agrees, as of the Effective Date and
  from time to time prior to the Termination Date, to make a loan or loans (each
  a "Loan" and collectively, the "Loans"
  ) to the Company in accordance with the provisions
  hereof and which Loans shall, at the option of the Company, be either
  Syndicate Loans (as Base Rate Loans or Eurodollar Loans) or Competitive Bid
  Rate Loans. The parties hereto agree that (i) the aggregate principal balance
  of the Loans (including

  
1

the Competitive Bid Rate Loans) of the Banks as a
  group shall not exceed the Total Commitments, (ii) no Bank shall be obligated
  to make Syndicate Loans in excess of the Commitment of such Bank, (iii) no
  Bank shall be obligated hereunder to extend Competitive Bid Rate Loans or to
  make quotes for such Loans, (iv) a Bank may elect, in its discretion, to
  extend Competitive Bid Rate Loans which, either alone or together with the
  Syndicate Loans of such Bank, exceed the Commitment of such Bank, and (v) the
  Competitive Bid Rate Loans (if any) extended by a Bank shall reduce the
  Commitment of such Bank by the amount of such Competitive Bid Rate Loans so
  extended (but not below zero). Subject to the terms of this Agreement, the
  Company may borrow, repay and reborrow the amount of the Syndicate
  Loans. 
  (b) The Termination Date of the Commitment of
  each Bank other than National City Bank has been extended to, and is now,
  October 1, 2005. The Termination Date of the Commitment of National
  City Bank has been extended to, and is now, October 1, 2003.
  

  1.2 Amount of Each Borrowing; Number of
  Borrowings.

  (a) Syndicate Loans. The aggregate principal
  amount of any Syndicate Loan shall be not less than $5,000,000 ($1,000,000 in
  the case of Base Rate Loans) or, if greater, an integral multiple of
  $1,000,000. 

(b) Competitive Bid Rate Loans. The principal amount of
  each Competitive Bid Rate Loan shall be as agreed upon by the Company and the
  Bank making such Competitive Bid Rate Loan. It is hereby agreed that if the
  Company elects to accept part but not all of a Competitive Bid Rate Loan
  offered by a Bank pursuant to section 1.3(b) the principal amount of such Competitive
  Bid Rate Loan accepted by the Company shall not be less then $1,000,000 unless
  such smaller amount is agreed to by the Bank offering to make such Competitive
  Bid Rate Loan. 

  1.3 Notices of Borrowing. 
(a) Syndicate Loans. Whenever the Company desires to
  borrow Syndicate Loans hereunder prior to the Termination Date, it shall give
  the Agent at the Notice Office written notice or telephonic notice (confirmed
  promptly in writing) by no later than 11:00 a.m.(Eastern time) on the Business
  Day of Borrowing (provided, however, with respect to Eurodollar Loans such
  notice shall be given no later than 11:00 a.m.(Eastern time) on the third
  Business Day next preceding the date of Borrowing). Each such notice (a
  "Notice of Syndicate
  Borrowing") shall
  specify: (i) the aggregate principal amount the Company desires to borrow
  hereunder (which amount shall not exceed the Unutilized Commitment of the
  Banks as a group), (ii) the date of borrowing (which shall be a Business Day),
  (iii) whether the Syndicate Loans are to be maintained as Base Rate Loans or
  Eurodollar Loans, (iv) the Interest Period to be applied thereto, and (v) the
  Competitive Bid Rate Loans then outstanding, identified by Bank and stating
  the maturity date of each such Competitive Bid Rate Loan. The Agent shall
  promptly give each Bank telephonic notice (confirmed promptly in writing) of
  the proposed borrowing.

  2

(b) Competitive Bid Rate Loans. So long as
  the Company maintains an Investment Grade Rating, the Company shall have the
  right, whenever it desires, to incur Competitive Bid Rate Loans pursuant to
  the following procedure. On any Business Day the Company may request that the
  Banks provide quotes for Competitive Bid Rates for Interest Periods identified
  by the Company. Each Bank in its discretion may, but shall not be obligated
  to, submit a quote to the Company in connection with such request. The Company
  shall then be entitled, in its sole discretion, to elect to incur all or any
  part of the Competitive Bid Rate Loan offered by one or more of the Banks that
  have elected to provide quotes for any of the Interest Periods and at the
  rate(s) quoted by such Bank(s). The Competitive Bid Rate Loans incurred by the
  Company in connection with such a request for quotes shall not exceed (i) with
  respect to all Banks then providing quotes, the then Unutilized Commitment of
  the Banks as a group, and (ii) with respect to each Bank providing a quote,
  the amount bid by such Bank in connection with such Bank's quote. The Company shall notify
  such Bank or Banks of its election in accordance with the procedures
  established with such Bank or Banks, and the Company shall notify the Agent of
  the incurrence and repayment of each Competitive Bid Rate Loan. No Competitive
  Bid Rate Loans may be incurred by the Borrower at any time when the Company
  does not have an Investment Grade Rating. 

  1.4 Disbursement of Funds. 

  (a) Syndicate Loans. No later than 12:00 noon
  (Eastern time) on the date specified in each Notice of Syndicate Borrowing,
  each Bank will make available to the Agent at the Notice Office its portion of
  the amount (determined in accordance with section 1.6), if any, by which the
  principal amount of the Syndicate Loans requested to be made on such date
  exceeds the principal amount of the Syndicate Loans maturing on such date in
  immediately available funds. No later than 1:00 p.m. (Eastern time) on the
  date specified in such Notice of Syndicate Borrowing, the Agent will make
  available to the Company the aggregate of the amounts made available by the
  Banks in immediately available funds to the Company's account at a bank specified by the
  Company against delivery to the Agent at its Notice Office, or at such other
  office as the Agent may specify, of the documents and papers as are provided
  for herein. The Agent shall deliver such documents and papers received by it
  for the account of each Bank to such Bank or upon its order. To the extent
  that a Syndicate Loan of any Bank matures on the date of a requested Borrowing
  of a Syndicate Loan, such Bank shall apply the proceeds of the Syndicate Loan
  it is then making, to the extent not required to be delivered to the Agent as
  described above, to the repayment of such maturing Syndicate Loan. 

(b) Competitive Bid Rate Loans. No later than
  1:00 p.m. (Eastern time) on each date for the making of a Competitive Bid Rate
  Loan, the Bank making such Competitive Bid Rate Loan shall make available to
  the Company the proceeds of such Competitive Bid Rate Loan in immediately
  available funds to the Company's account at a bank specified by the Company. 

  3

  

  
1.5 Evidence of Debt; Notes.

  (a) The Loans made by each Bank shall be payable
  on the expiration of the Interest Period applicable thereto, or if earlier, on
  the Termination Date for such Bank. The Loans made by each Bank shall be
  evidenced by one or more accounts or records maintained by such Bank and by
  the Agent in the ordinary course of business. The accounts or records
  maintained by the Agent and each Bank shall be conclusive evidence (absent
  manifest error) of the amount of the Loans made by each Bank to the Company
  and the interest and payments thereon. Any failure so to record or any error
  in doing so shall not, however, limit or otherwise affect the obligation of
  the Company hereunder to pay any amount owing with respect to the Loans. In
  the event of any conflict between the accounts and records maintained by any
  Bank and the accounts and records of the Agent in respect of such matters, the
  account and records of such Bank shall control. 

  (b) On or before the Restatement Effective Date,
  all promissory notes executed and delivered by the Company pursuant to the
  Existing Agreement shall be delivered to the Agent for delivery to the payees
  thereof. Such delivery shall not constitute repayment or evidence any
  discharge or novation of the Debt owing to the payees of such promissory notes
  under the Existing Agreement. Upon the request of any Bank made through the
  Agent, the Company's obligation to pay the principal of, and interest on, the
  Syndicate Loans and the Competitive Bid Rate Loans made by each Bank may be
  evidenced by (a) with respect to the Syndicate Loans, a promissory note
  substantially in the form of Exhibit A-1 hereto, and (b) with respect to the
  Competitive Bid Rate Loans, a promissory note substantially in the form of
  Exhibit A-2 hereto (each a "Note" and
  collectively for all Banks, the "Notes") with
  blanks appropriately completed. The Notes executed and delivered to a Bank
  that held promissory notes pursuant to the Existing Agreement shall be
  executed and delivered in amendment and restatement, but not novation or
  discharge, of such promissory notes. 

  (c) Each Note shall: (i) be dated the Restatement
  Effective Date; (ii) mature, in the case of each Loan evidenced thereby, on
  the expiration of the Interest Period applicable thereto or, if earlier, on
  the Termination Date; (iii) bear interest as provided in the appropriate
  clause of section 1.7; (iv) be entitled to the benefits of this Agreement; and (v)
  have attached thereto a schedule ("Loan and Repayment Schedule"
  ) substantially in the form of Schedule I thereto.
  At the time of the making of each Loan and upon each payment of the principal
  of its Loans, each Bank holding Notes shall, and is hereby authorized to, make
  a notation on the Loan and Repayment Schedule of the applicable Note setting
  forth the date and the amount of such Loan (and any appropriate information as
  to terms in the case of any Note executed in connection with Competitive Bid
  Rate Loans) or such payment. Failure to make any notation with respect to the
  making of any Loan shall not limit or otherwise affect the obligation of the
  Company hereunder or under any Note with respect to any Loan, and payments of
  principal by the Company shall not be affected by the failure to make a
  notation thereof on said 

  
4

Schedules. Although each Note shall be dated the
  Restatement Effective Date, interest in respect thereof shall be payable only
  for the periods during which Loans are evidenced thereby. Prior to the
  transfer of its Notes pursuant to section 9.7, each Bank agrees to record on the Loan
  and Repayment Schedule attached to each such Note the initial principal amount
  of all Loans then evidenced thereby, all payments of principal made to the
  date of transfer in respect of such Loans and the then accrued and unpaid
  interest on such Note. 
  

1.6 Allocation of Borrowings - Syndicate Loans.
  All Syndicate Loans under this Agreement shall be made by the Banks
  simultaneously and by each Bank and in the same proportion as such
  Bank's Unutilized
  Commitment at the time of such Syndicate Loan bears to the aggregate
  Unutilized Commitment of all the Banks as a group at such time. It is
  understood that no Bank shall be responsible for any default by any other Bank
  in fulfilling its obligations hereunder and that each Bank shall be obligated
  to fulfill its obligations hereunder, regardless of the failure of any other
  Bank to fulfill its obligations hereunder.
   

  1.7 Interest. 

  (a) Syndicate Loans. 

  (i) The Company agrees to pay interest in respect
  of the unpaid principal amount of each Base Rate Loan on and from the date the
  proceeds thereof are made available to the Company until maturity (whether by
  acceleration or otherwise) at a rate per annum which shall equal the Base Rate
  in effect from time to time (calculated on the basis of a year of 365 or 366
  days, as the case may be, and the actual days elapsed). 

  (ii) The Company agrees to pay interest in
  respect of the unpaid principal amount of each Eurodollar Loan on and from the
  date the proceeds thereof are made available to the Company until maturity
  (whether by acceleration or otherwise) at a rate per annum which shall equal
  the relevant Eurodollar Rate (calculated on the basis of a year of 360 days
  and actual days elapsed). 

  (iii) Interest shall accrue from and including
  the date of any Borrowing of a Syndicate Loan to but excluding the date of any
  repayment thereof and shall be payable (x) in respect of each Base Rate Loan,
  quarterly in arrears on the last day of each March, June, September and
  December of each year, commencing the last day of December, 1996, and at
  maturity (whether by acceleration or otherwise), and (y) in respect of each
  Eurodollar Loan, on the last day of each Interest Period applicable to such
  Loan, and in the case of an Interest Period in excess of three months (in the
  case of Eurodollar Loans) on each three month anniversary of the initial date
  of such Interest Period and on the date of any prepayment (on the amount
  prepaid), and at maturity (whether by acceleration or otherwise), and (z) in
  the case of all Loans, after maturity, on demand. 

  5

  (iv) The Agent, upon determining the Eurodollar
  Rate for any Interest Period shall promptly notify the Company and the other
  Banks thereof by telephone (confirmed promptly in writing).

(b)Competitive Bid Rate Loans. The Company agrees
  to pay interest in respect of the unpaid principal amount of each Competitive
  Bid Rate Loan incurred from each Bank on and from the date the proceeds
  thereof are made available to the Company until maturity (whether by
  acceleration or otherwise) at a rate per annum which shall be such
  Bank's Competitive Bid
  Rate for such Loan. Interest on Competitive Bid Rate Loans shall be payable as
  provided in the last sentence of section 1.8(b). 

  (c) Default Rate. If the Company shall default in
  the payment when due (whether by acceleration or otherwise) of any Loan or
  other amount due hereunder or under any of the other Loan Documents, the
  Company shall on demand from time to time pay interest on any overdue payments
  of interest (to the extent permitted by law) and on overdue payments of
  principal (or any other amount due under any of the Loan Documents) from the
  date of such default up to the date of actual payment (after as well as before
  judgment) at a per annum rate equal to the interest rate which would otherwise
  be applicable to such Loan or other amount, as the case may be, plus 2%;
  provided, if there is no such interest rate specified for such Loan or other
  amount, as the case may be, then the default rate shall be a per annum rate
  equal to the Prime Rate plus 2%. 

  1.8 Interest Periods. 

  (a) Syndicate Loans. At the time it gives any
  Notice of Syndicate Borrowing, the Company shall have the right to elect, by
  giving the Agent written notice or telephonic notice (confirmed promptly in
  writing) of the interest period (each, together with any interest period
  applicable to Competitive Bid Rate Loans determined in accordance with section
  1.8(b), an "Interest
  Period") applicable to
  such Loans, which Interest Period shall (x) in the case of Eurodollar Loans be
  either a one-, two-, three-, six-, nine- or twelve-month period (regarding the
  nine- and twelve-month options, only to the extent available by each Bank) and
  (y) in the case of Base Rate Loans be a period ending on a date not later than
  the Termination Date. The Agent shall promptly give similar notice to each
  Bank with respect to any Syndicate Loan. The determination of Interest Periods
  shall be subject to the following provisions:
  

  (i) the Interest Period for any Loan shall
  commence on the date of such Loan; 

  (ii) if any Interest Period would otherwise
  expire on a day which is not a Business Day, such Interest Period shall expire
  on the next succeeding Business Day; provided, however, that if any Interest
  Period in respect of a Eurodollar Loan would otherwise expire on a day which
  is not a Business Day but is a day of the month after which no further
  Business Day occurs in such month,

  
6
such Interest Period shall expire on
  the next preceding Business Day; 
  (iii) no Interest Period in respect of the Loans
  shall extend beyond the Termination Date; and 

  (iv) if any Interest Period relating to a
  borrowing of Eurodollar Loans begins on a day for which there is no
  numerically corresponding day in the calendar month at the end of such
  Interest Period, such Interest Period shall end on the last Business Day of
  such calendar month. 

  (b) Competitive Bid Rate Loans. When it requests
  a Bank to make a quote for a Competitive Bid Rate Loan, the Company shall
  specify to such Bank the Interest Period to be applicable to such Loan, which
  Interest Period shall be as agreed upon by the Company and such Bank;
  provided, however, that (i) no Interest Period shall extend beyond the
  Termination Date and (ii) if any Interest Period would otherwise expire on a
  day which is not a Business Day, such Interest Period shall expire on the next
  succeeding Business Day. Interest shall be payable in respect of each
  Competitive Bid Rate Loan on the last day of each Interest Period applicable
  to such Competitive Bid Rate Loan, and at maturity (whether by acceleration or
  otherwise). 

  1.9 Increased Costs, Illegality, Etc. 

  (a) In the event that any Bank shall have
  determined (which determination shall, absent manifest error, be final and
  conclusive and binding upon all parties hereto and, with respect to all but
  the following clauses (ii)(x) and (iii), shall be made only after consultation
  with the Company and the Agent):

  (i) on any date for determining the Eurodollar Rate for any Interest
  Period, that by reason of any changes arising after the date of this Agreement
  affecting the London interbank Eurodollar market or affecting the position of
  such Bank in such market, adequate and fair means do not exist for
  ascertaining the applicable interest rate on the basis provided for in the
  definition of Eurodollar Rate; or 

  (ii) (x) on any date for determining the Eurodollar Rate for any Interest
  Period, that by reason of the requirements of Regulation D (excluding all
  reserves required under Regulation D to the extent included in the computation
  of the Eurodollar Rate), (y) at any time, that by reason of any change since
  the Effective Date in any applicable law or governmental rule, regulation,
  guideline or order (or any interpretation thereof and including the
  introduction of any new law or governmental rule, regulation, guideline or
  order) and/or (z) on any date for determining the Eurodollar Rate, that by
  reason of other circumstances affecting such Bank or the London interbank
  Eurodollar market or the position of such Bank in such market (such as for
  example but not limited to a change in the official reserve requirements to
  the extent not provided for in clause (ii)(x) above), the Eurodollar 

  
7
Rate shall not represent the cost to
  such Bank of funding or maintaining the affected Eurodollar Loan; or
  (iii)at any time, that the making or continuance of any Eurodollar Loan has
  become unlawful by compliance by such Bank in good faith with any law,
  governmental rule, regulation, guideline or order, or has become impracticable
  as a result of a contingency occurring after the Effective Date which
  materially and adversely affects the London interbank Eurodollar market;
  

   

  then, and in any such event, such Bank shall on such date give notice (by
  telephone confirmed in writing) to the Company and to the Agent (which in all
  cases other than a determination pursuant to clause (ii)(x) above the Agent
  shall promptly give similar notice to the other Banks) of such determination.
  Thereafter (x) in the case of clauses (i) and (ii) of this section 1.9, the Company
  shall pay to such Bank, upon written demand therefor, such additional amounts
  (in the form of an increased rate of, or a different method of calculating,
  interest or otherwise as such Bank in its reasonable discretion shall
  determine) as shall be required to cause such Bank to receive interest with
  respect to its affected Eurodollar Loan at a rate per annum which shall equal
  the effective pricing to the Bank to make or maintain such Eurodollar Loan
  plus the Applicable Eurodollar Margin (a written notice as to additional
  amounts owed such Bank, showing the basis for the calculation thereof,
  submitted to the Company by such Bank shall, absent manifest error, be final
  and conclusive and binding upon all of the parties hereto) and (y) in the case
  of clause (iii), take one of the actions specified in section 1.9(b) as promptly as
  possible and, in any event, within the time period required by
  law.

  (b)At any time that any of its Eurodollar Loans
  are affected by the circumstances described in section 1.9(a), the Company may (and
  in the case of a Eurodollar Loan affected by the circumstances described in
  section 1.9(a)(iii) shall) (x) if the affected Eurodollar Loan is then being made
  pursuant to a Notice of Syndicate Borrowing, by giving the Agent telephonic
  notice (confirmed promptly in writing) thereof on the same date that the
  Company was notified by the Bank pursuant to section 1.9(a), either (i) cancel said
  Borrowing or (ii) require the Banks to make the requested Eurodollar Loans as
  Base Rate Loans or convert the outstanding Eurodollar Loans into Base Rate
  Loans on the first day of the affected Interest Period, or (y) if the affected
  Eurodollar Loans are then outstanding, upon at least one Business
  Day's written notice to
  the Agent and the affected Bank, require the affected Bank to convert each
  Eurodollar Loan so affected into a Loan or Loans of a different type, provided
  that if more than one Bank is affected at any time, then all affected Banks
  need not be treated in the same manner pursuant to this section 1.9(b). 

  (c) If any Bank determines at any time that an
  applicable law or governmental rule, regulation, order or request (whether or
  not having the force of law) concerning capital adequacy, or any change in
  interpretation or administration thereof by any governmental authority,
  central bank or comparable agency, will have the effect of increasing
  

  8

the amount of capital required to be maintained
  by such Bank based on the existence of such Bank's Commitment hereunder or its
  obligations hereunder, then the Company shall pay to such Bank, upon its
  written demand therefor, such additional amounts as shall be required to
  compensate such Bank for the increased cost or reduced rate of return to such
  Bank as a result of such increase of capital. In determining such additional
  amounts, such Bank will act reasonably and in good faith and will use
  averaging and attribution methods which are reasonable, provided that such Bank's determination of compensation owing under this clause
  (c) shall, absent manifest error, be final and conclusive and binding on all
  the parties hereto. Any Bank, upon determining that any additional amounts
  will be payable pursuant to this clause (c), (i) shall give prompt written
  notice thereof to the Company within 90 days of the incurrence of such costs,
  and (ii) shall as promptly as possible after the giving of such notice notify
  the Company of such additional amounts due hereunder, which notice shall show
  the basis for calculation of such additional amounts. 

  (d) Any amounts payable by the Company to any
  Bank pursuant to this section 1.9 shall relate only to Loans and Commitments
  outstanding on or after the date notice that such amount is payable is
  received by the Company, and each such notice shall be delivered to the
  Company in a reasonably prompt manner. 

1.10 Additional Compensation. The Company shall
  compensate each Bank, upon its written request (which request shall set forth
  the basis in reasonable detail for requesting such amounts), for all
  reasonable losses, expenses and liabilities (including, without limitation,
  any interest paid by such Bank to lenders of funds borrowed by it to make or
  carry its Competitive Bid Rate Loans or Eurodollar Loans to the extent not
  recovered by such Bank in connection with the re-employment of such funds),
  which such Bank may sustain: (i) if for any reason (other than a default by
  such Bank) a Borrowing of Competitive Bid Rate Loans does not occur on a date
  specified therefor in the Company's notice to the Bank delivered in accordance with section
1.3(b)
  or a Borrowing of Eurodollar Loans does not occur on a date specified therefor
  in a Notice of Syndicate Borrowing (whether or not withdrawn), (ii) if any
  prepayment of any of its Competitive Bid Rate Loans or Eurodollar Loans occurs
  on a date which is not the last day of an Interest Period applicable thereto,
  or (iii) if any prepayment of any of its Competitive Bid Rate Loans or
  Eurodollar Loans is not made on the date specified in a notice of prepayment
  given by the Company.

1.11 Special Payment Provisions. Unless the Agent
  shall have been notified by any Bank prior to any date of a Borrowing of a
  Syndicate Loan that such Bank does not intend to make available to the Agent
  such Bank's portion of
  the total amount of the Syndicate Loans to be made on such date (as determined
  in accordance with section 1.6), the Agent may (but shall not be obligated to) assume
  that such Bank has made such 

  9

amount available to the Agent on such borrowing
  date and the Agent may, in reliance upon such assumption, make available to
  the Company a corresponding amount. If such corresponding amount is not in
  fact made available to the Agent by such Bank, the Agent shall be entitled to
  recover such corresponding amount on demand from such Bank, which demand shall
  be made in a reasonably prompt manner. If such Bank does not pay such
  corresponding amount forthwith upon the Agent's demand therefor, the Agent shall promptly notify the
  Company and the Company shall pay such corresponding amount to the Agent. The
  Agent shall also be entitled to recover interest on such corresponding amount
  in respect of each day from the date such corresponding amount was made
  available by the Agent to the Company to the date such corresponding amount is
  recovered by the Agent, (x) in the case of the Company at a rate per annum
  equal to the applicable rate provided in the appropriate clause of section 1.7(a) for
  Base Rate Loans or Eurodollar Loans, as the case may be and (y) in the case of
  the Banks, at the Federal Funds Rate in effect from time to time. Nothing
  herein shall be deemed to relieve any Bank from its obligation to fulfill its
  Commitment hereunder or to prejudice any rights which the Company may have
  against any Bank as a result of any default by such Bank hereunder.

  1.12 Fees. 

  
(a) The Company agrees to pay to the Agent for
    the account of each Bank a facility fee (the "Facility Fee") for the period on and from the
    Effective Date until the Termination Date, or the earlier termination in
    full of the Total Commitments. Such Facility Fee shall be an amount equal to
    the product of the Commitment of such Bank multiplied by a per annum rate
    equal to the Applicable Facility Fee Margin. The Facility Fee shall be
    billed quarterly by the Agent to the Company, and upon receipt of such
    billing, promptly paid by the Company to the Agent for the pro rata benefit
    of each Bank. The Company also agrees to pay to the Agent for the
    account of each Bank a utilization fee (the "Utilization Fee") for the period from the
    Restatement Effective Date until the Termination Date, or the earlier
    termination in full of the Total Commitments. The Utilization Fee shall be
    computed on a calendar quarter basis and shall be payable only in respect of
    any calendar quarter in which the average daily outstanding principal amount
    of the Loans equaled or exceeded 50% of the average daily Total Commitments
    during such calendar quarter (an "Applicable Quarter"). With respect to each Applicable Quarter, the
    Utilization Fee shall equal an amount equal to the average daily principal
    amount of Loans during such Applicable Quarter multiplied by a per annum
    rate equal to the Applicable Utilization Fee Margin. The Utilization Fee
    shall be billed quarterly by the Agent to the Company, and upon receipt of
    such billing, promptly paid by the Company to the Agent for the pro rata
    benefit of each Bank.

    (b) The Company agrees to pay to the Agent
    solely for the account of the Agent an agency fee (the "Agency Fee") in an amount agreed to between
    the Agent and the Company from time to time. The Agency Fee shall be billed
    by the Agent quarterly in advance and upon receipt of such billing, promptly
    paid by the Company to the Agent.
    

    (c) All amounts payable pursuant to this
    section 1.12
    shall be calculated on the basis of a year of 365 or 366 days, as the case
    may be, and the actual days elapsed. 

    1.13 Reductions and Terminations of
    Commitments. 

    10 

    (a) The Company shall have the right, in its
    sole discretion, at any time and from time to time upon at least three
    Business Days' prior
    written notice to the Agent, to reduce the Total Commitment, in whole or in
    part in an aggregate amount of $5,000,000 or, if greater, in integral
    multiples of $1,000,000 or, if less, the amount of the Total Commitments,
    provided that (i) each such reduction shall be applied pro rata to the
    Commitment of each Bank, (ii) no such reduction shall reduce the Total
    Commitments below the Outstanding Utilization of the Banks as a group, and
    (iii) no such reduction shall reduce the Commitment of any Bank below the
    Syndicate Loans of such Bank then outstanding. Any reduction in the Total
    Commitment shall be permanent and may not be reinstated.

    (b) The Company shall also have the right, upon
    at least 30 days' prior
    notice to the Agent and each affected Bank, to terminate in whole (but not
    in part) the Commitment of any Bank, provided that each of the following
    conditions is satisfied: (i) no Default or Event of Default shall have
    occurred and be continuing, (ii) the Agent shall have given its prior
    written consent to such termination, which consent shall not be unreasonably
    withheld, (iii) all amounts owed to such Bank under this Agreement or the
    Notes (including without limitation accrued and unpaid Commissions and
    interest to the date of payment) shall have been paid in full, and (v) the
    Company may, with the assistance of the Agent, seek a substitute Bank
    pursuant to the terms of section 1.14 to assume the Commitment of the Bank that is
    terminated. Any termination in the Commitment of any Bank for which there is
    no substitute shall be permanent and may not be reinstated.

    Substitutions. In the event the Company shall
    deliver a notice of termination of the Commitment of any Bank pursuant to
    and in accordance with section 1.13(b) or in the event a Bank delivers a notice of
    termination of its Commitment in accordance with section 1.17, then the Company
    may, with the assistance of the Agent, seek a substitute lender or lenders
    (each of which shall be an Eligible Assignee) to replace such Bank, which
    substitution shall be made by the substitute lender or lenders purchasing
    the outstanding Debt owing to the terminated Bank under this Agreement from
    such terminated Bank and assuming the Commitment of such terminated Bank,
    and by such substitute lender or lenders becoming a party hereto with
    respect to such Debt and such Commitment upon executing such supplements
    hereto as the Company and Agent shall require. 

    1.15 [Intentionally deleted.]

    1.16 Conversion upon Payment Event of Default.
    Upon the occurrence and during the continuation of any Event of Default
    specified in section 6.1, each Eurodollar Loan then in effect shall be converted
    without further action into a Base Rate Loan at the end of the Interest
    Period then in effect for such Eurodollar Loan. 

    1.17 Change of Control.The Company shall give
    the Agent and each Bank written notice of a Change of Control within two
    Business Days after the occurrence thereof. As used herein, "Change of Control" means if as a result of a
    transaction or a series of related transactions, any person or group of
    persons (within the meaning of Section 13 or 14 of the Securities
    Exchange Act 

    11

    of 1934, as amended, or any successor
    provision), other than the Company, its Subsidiaries or employee benefit
    plans, alone or as a group, becomes the beneficial owner of securities
    representing more than 50% of the total number of votes that may be cast for
    the election of directors of the Company. Provided that such Bank gives
    notice of such election within 30 days after such notice is given by the
    Company under this section 1.17, each Bank shall have the right, in its sole
    discretion, to notify the Company in writing of its election to terminate
    its Commitment hereunder and to cease to be a Bank party hereto, which
    termination shall occur on or before the 30th day after such
    notice by such Bank to the Company. Concurrently with such termination, the
    Company shall pay to such Bank all Debt owing by the Company to such Bank
    under this Agreement on and as of the date of such termination. The Company
    shall have the right to seek a substitute lender or lenders to replace such
    terminating Bank pursuant to section 1.14, which substitution shall occur on or
    before the date such terminating Bank's Commitment would have been
    terminated pursuant to this section 1.17. If a Change of Control occurs, the
    Company shall have no right to request or borrow any Loan after such
    occurrence unless and until the Commitments of all Banks that elect to
    terminate their Commitments pursuant to this section 1.17 have been terminated and
    all Debt owing to such Banks under this Agreement has been paid in
    full.

    
    

    SECTION 2
PAYMENTS

    

    2.1 Payments on Non-Business Days. Whenever any
    payment to be made hereunder or under any Note shall be stated to be due on
    a day which is not a Business Day, the due date thereof shall be extended to
    the next succeeding Business Day and, if a payment of principal has been so
    extended, interest shall be payable on such principal at the applicable rate
    during such extension; provided, however, in the event that the day on which
    any such payment relating to a Eurodollar Loan is due is not a Business Day
    but is a day of the month after which no further Business Day occurs in such
    month, then the due date thereof shall be the next preceding Business Day.
    

    2.2 Voluntary Prepayments. The Company shall
    have the right to prepay the Loans, in whole or in part, from time to time
    pursuant to this section 2.2 on the following terms and conditions: (i) the Company
    shall give the Agent at the Notice Office at least two Business
    Days', in the case of a
    prepayment of Base Rate Loans, and three Business Days', in the case of a prepayment of
    Eurodollar Loans, (two Business Days' notice to the relevant Bank in the case of Competitive
    Bid Rate Loans) prior written notice or telephonic notice (confirmed
    promptly in writing) of its intent to prepay the Loans, the amount of such
    prepayment and what Loans are to be prepaid, which notice the Agent shall
    promptly transmit to each of the Banks with respect to a prepayment of a
    Syndicate Loan; (ii) each prepayment of Eurodollar Loans shall be in a
    principal amount of at least $1,000,000; (iii) each prepayment in respect of
    Syndicate Loans made pursuant to one Borrowing shall be applied pro rata
    among the Banks on the basis of such Syndicate Loans; and (iv) at the time
    of any prepayment of Eurodollar Loans or Competitive Bid Rate Loans, the
    Company shall pay all interest accrued on the principal amount of said
    prepayment. It is understood that each prepayment of Eurodollar Loans or
    Competitive Bid Rate Loans shall be subject to section 1.10.

    12

    2.3 Method and
    Place of Payment, Etc.

    (a) Syndicate Loans. All payments in respect of
    Syndicate Loans shall be made to the Agent at the Notice Office for the pro
    rata benefit (on the basis of the category of obligation then being paid,
    i.e., principal, interest or fees) of all Banks which participated in
    such respective Syndicate Loans, not later than 1:00 p.m. (Eastern time) on
    the date when due and shall be made in freely transferable U.S. dollars and
    in immediately available funds. Unless the Agent shall have been notified by
    the Company prior to the date on which any payment to be made by the Company
    hereunder is due that the Company does not intend to remit such payment, the
    Agent may, at its discretion, assume that the Company has remitted such
    payment when so due and the Agent may, at its discretion and in reliance
    upon such assumption, make available to each Bank with respect to a
    Syndicate Loan on such payment date an amount equal to such Bank's share of such assumed payment. If
    the Company has not in fact remitted such payment to the Agent, each such
    Bank shall forthwith on demand repay to the Agent the amount of such assumed
    payment made available to such Bank together with interest thereon in
    respect of each day from and including the date such amount was made
    available by the Agent to such Bank to the date such amount is repaid to the
    Agent at the Federal Funds Rate in effect from time to time. 

    (b) Competitive Bid Rate Loans. All payments in
    respect of Competitive Bid Rate Loans shall be made to the relevant Bank not
    later than 1:00 p.m. (Eastern time) on the date when due and shall be made
    in immediately available funds to the relevant Bank at the office of such
    Bank specified by such Bank to the Company by written notice, or if no
    notice is given, at the address referred to in section 9.9. 

    2.4 Tax Liabilities Imposed on a Bank. Any and
    all payments by the Company hereunder or under any of the Loan Documents
    shall be made, in accordance with the terms hereof and thereof, free and
    clear of and without deduction for any and all present or future taxes,
    levies, imposts, deductions, charges or withholdings, and all liabilities
    with respect thereto, excluding taxes measured by net income and franchise
    taxes imposed on any Bank by the jurisdiction under the laws of which such
    Bank is organized or transacting business or any political subdivision
    thereof (all such non-excluded taxes, being hereinafter referred to as
    "Taxes"). If the Company shall be required
    by law to deduct any Taxes from or in respect of any sum payable hereunder
    to any Bank, (i) the sum payable shall be increased as may be necessary so
    that after making all required deductions (including, without limitation,
    deductions applicable to additional sums payable under this
    Section 2.4) such Bank receives an amount equal to the sum it would
    have received had no such deductions been made, (ii) the Company shall make
    such deductions, (iii) the Company shall pay the full amount deducted to the
    relevant Governmental Authority in accordance with applicable law, and (iv)
    the Company shall deliver to such Bank evidence of such payment to the
    relevant Governmental Authority. 

    
    
SECTION 3
CONDITIONS PRECEDENT

    13

    

    3.1 Conditions to Original Effectiveness. This
    Agreement originally became effective as of October 11, 1996 (the
    "Effective
    Date"), on which all of
    the following conditions were satisfied (at which time the Agent so notified
    all the parties hereto): 

    (a) Execution. Each of the Banks and the
    Company signed a counterpart copy hereof and delivered the same to the Agent
    or (in the case of the Banks) notified the Agent in writing that the same
    had been signed and mailed to it. 

    (b) No Default. On the Effective Date and after
    giving effect to this Agreement, there existed no Default or Event of
    Default. 

    (c) Notes. There was delivered to the Agent for
    delivery to each Bank the appropriate Notes payable to the order of such
    Bank as otherwise provided for in section 1. 

    (d) Opinion of Counsel for Company. The Agent
    received from Thompson Hine & Flory LLP, as counsel to the Company, a
    favorable opinion, in sufficient counterparts for each of the Banks and
    dated the Effective Date. 

    (e) Charter Documents. There was delivered to
    the Agent for delivery to each Bank the charter documents of the Company
    certified as of a recent date by the Secretary of State of the state of its
    incorporation. 

    (f) Corporate Resolution. There was delivered
    to the Agent for delivery to each Bank the resolution of the Board of
    Directors of the Company certified by the secretary or an assistant
    secretary thereof as of the Effective Date, approving and adopting this
    Agreement and authorizing the execution and delivery hereof. 

    (g) By-laws. There was delivered to the Agent
    for delivery to each Bank the by-laws of the Company certified as of the
    Effective Date by the secretary or an assistant secretary. 

    (h) Certificate of Good Standing. There was
    delivered to the Agent for delivery to each Bank a certificate of good
    standing or existence for the Company issued as of a recent date by the
    state of its incorporation and by such other states where the Company
    conducted business and where the failure to maintain such a certificate
    would have had a material adverse effect on the business or operations of
    the Company. 

    (i) Incumbency. There was delivered to the
    Agent for delivery to each Bank an incumbency certificate of the Company
    certified by a secretary or assistant secretary of the Company to be true
    and correct as of the Effective Date. 

    (j) Certificate. The Agent received a
    certificate, dated the Effective Date and executed by the Chairman of the
    Board, the President, 

    14

    any Vice President or the Treasurer of the
    Company, stating that all the conditions specified in section 3.1 were then
    satisfied. 

    3.1 Conditions to Effectiveness of Amended and
    Restated Credit Agreement. This Amended and Restated Credit Agreement shall
    become effective on the date (the "Restatement Effective Date") on which all of the following
    conditions have been satisfied (at which time the Agent shall so notify the
    Company and the Banks): 

    (a) Execution. Each of the Required Banks and
    the Company shall have signed a counterpart copy hereof and shall have
    delivered same to the Agent or (in the case of the Required Banks) shall
    have notified the Agent in writing that the same has been signed and mailed
    to it. 

    (b) No Default. On the Restatement Effective
    Date and after giving effect to this Agreement, there shall exist no Default
    or Event of Default. 

    (c) Notes. There shall have been delivered to
    the Agent for delivery to each Bank the appropriate Notes payable to the
    order of such Bank as otherwise provided for in section 1, if requested by such
    Bank in accordance with the terms and conditions of this Agreement.
    

    

    (d) Opinion of Counsel for Company. The Agent shall have received from
    counsel to the Company a favorable opinion, in sufficient counterparts for
    each of the Banks and dated the Restatement Effective Date, substantially in
    the form of Exhibit B hereto.

    (e) Charter Documents. There shall have been delivered to the Agent for
    delivery to each Bank the charter documents of the Company certified as of a
    recent date by the Secretary of State of the state of its
    incorporation.

    (f) Corporate Resolution. There shall have been
    delivered to the Agent for delivery to each Bank the resolution of the Board
    of Directors of the Company certified by the secretary or an assistant
    secretary thereof as of the Restatement Effective Date, approving and
    adopting this Agreement and authorizing the execution and delivery hereof.
    

    (g) By-laws. There shall have been delivered to
    the Agent for delivery to each Bank the by-laws of the Company certified as
    of the Restatement Effective Date by the secretary or an assistant
    secretary. 

    (h) Certificate of Good Standing. There shall
    have been delivered to the Agent for delivery to each Bank a certificate of
    good standing or existence for the Company issued as of a recent date by the
    state of its incorporation and by such other states where the Company now
    conducts business and where the failure to maintain such a certificate would
    have a material adverse effect on the business or operations of the
    Company.

    15

    (i) Incumbency. There shall have been delivered
    to the Agent for delivery to each Bank an incumbency certificate of the
    Company certified by a secretary or assistant secretary of the Company to be
    true and correct as of the Restatement Effective Date.

    (j) Certificate. On the Restatement Effective
    Date, the Agent shall have received a certificate, dated the Restatement
    Effective Date and executed by the Chairman of the Board, the President, any
    Vice President or the Treasurer of the Company, stating that all the
    conditions specified in section 3.2 are then satisfied.

    3.2 Conditions to Extending Loans. The
    obligation of the Banks to make any Loan hereunder is subject to
    satisfaction of the following conditions:

    (a) receipt of notice of a request for a Loan
    pursuant to section 1.3;

    (b) the representations and warranties set
    forth in sections 7.2, 7.3, 7.5, 7.7 and 7.8 hereof shall be true and
    correct in all material respects on and as of the date of such Loan with the
    same effect as though such representations and warranties had been made as
    of such date, except as to such representations and warranties which
    expressly relate to an earlier date; and

    (c) neither immediately prior to or immediately
    after giving effect to such Loan shall there exist a Default or Event of
    Default hereunder. 

    Each request for a Loan by the Company shall be deemed to be a
    representation and warranty of the correctness of the matters specified in 
    section 33(b) and (c).

    
    

    SECTION 4
AFFIRMATIVE COVENANTS

    

    While this Agreement is in effect and until all indebtedness hereunder
    and under the Notes, if any, shall have been paid in full, the Company
    agrees that it will, except to the extent waived in writing by the Required
    Banks:

    4.1 Furnish Financial Statements and
    Information. Furnish to each Bank:

    (a) within 120 days after the close of each
    fiscal year of the Company (or if earlier, when distributed to the
    stockholders of the Company), the balance sheets of the Company and its
    consolidated Subsidiaries as of the end of such period and the related
    consolidated statements of profit and loss, share owners' equity and cash flows prepared in
    accordance with generally accepted accounting principles for such year and
    the preceding year, together with the report of the Company's independent certified public
    accountants;

    (b) within 45 days after the close of each of
    the first three quarters of each fiscal year of the Company (or if earlier,
    

    16

    when distributed to the stockholders of the
    Company), a balance sheet of the Company and its consolidated Subsidiaries
    as of the last day of such quarter, together with consolidated statements of
    profit and loss and cash flows (which statements shall be prepared in
    accordance with quarterly reporting requirements of the Securities and
    Exchange Commission applicable to the Company and shall be certified by the
    chief financial officer, the treasurer, the controller or any other
    financial officer of the Company acceptable to the Agent pursuant to an
    officer's certificate
    in the form of Exhibit C hereto); 

    (c) as soon as available, copies of all proxy
    statements submitted by the Company to its stockholders and of all periodic
    reports filed by the Company with the Securities and Exchange Commission;
    

    (d) immediately after the Company obtains
    knowledge thereof, notice of any event which constitutes a Default or an
    Event of Default (such notice to specify the nature thereof, the period of
    existence thereof and the action that is proposed to be taken with respect
    thereto); 

    (e)
    together with the financial statements required to be delivered pursuant to
    clause (a) above, (i) a letter which conforms to professional pronouncements
    promulgated by the American Institute of Certified Public Accountants from
    the firm of independent certified public accountants which reported on such
    financial statements to the effect that in the course of, and based solely
    upon their audit of such financial statements, nothing has come to their
    attention to cause them to believe that there existed on the date of such
    statements any Default or Event of Default under sections 6.1 or 6.2 (but only to
    the extent section 6.2 relates to covenants contained in section 4.12 of this Agreement)
    or, if in the opinion of such accountants any such Default or Event of
    Default exists, the statement shall state its nature and length of time it
    has existed, and (ii) an officer's certificate in the form of Exhibit C hereto;
    and

    (f) such other information as any Bank
    may from time to time reasonably request, but in any event excluding such
    information that counsel to the Company shall have advised the Company in a
    written opinion should not be disclosed to any Bank because such disclosure
    is reasonably likely to result in the waiver of the attorney-client
    privilege with respect to such information or is reasonably likely to result
    in a violation of applicable laws; 

    and will permit the duly authorized representatives of any Bank at all
    reasonable times to examine the books and records of the Company and its
    Subsidiaries, and take memoranda and extracts therefrom; provided, that
    information, including financial information, which is non-public and
    confidential or proprietary in nature, disclosed to any Bank (as a result of
    any examination of the books and records of the Company and its Subsidiaries
    or pursuant to section 4.1(f) or otherwise) will be kept confidential and will not,
    without the prior written consent of the Company, be disclosed in any manner
    whatsoever, in whole or in part, except that such Bank shall be permitted to
    disclose such information (i) to any regulatory agencies having jurisdiction
    over such Bank in connection with their regulating functions, (ii) as
    required 

    17

    by law or court order, or in connection with any investigation or
    proceeding arising out of the transactions contemplated by this Agreement,
    (iii) to its Affiliates who have a need to know such information in
    connection with the transactions contemplated by this Agreement or the
    provision of other financial products or services to the Company and who
    agree to keep such information confidential in accordance with this section 4.1,
    and (iv) to prospective participants or assignees under sections 9.7(c)and 9.7(d)
    who agree to keep such information confidential in accordance with this
    section 4.1.

    4.2 Insurance. Insure and keep insured, and
    cause each Subsidiary to insure and keep insured, with good and responsible
    insurance companies, all of its and their property of an insurable nature
    (including, without limitation, all buildings, machinery, plants, equipment,
    fixtures and inventories of raw materials, goods in process and completed
    goods) against fire and other casualties in such manner and to the extent
    that likeproperties are usually insured by
    others operating plants and properties of a similar character in the same
    locality (provided, however, the Company may maintain self-insurance in
    connection with the foregoing property insurance requirements in accordance
    with sound business practice), and insure and keep insured, and cause each
    Subsidiary to insure and keep insured, at all times with good and
    responsible insurance companies or pursuant to self-insurance maintained in
    accordance with sound business practice against liability on account of
    damage to Persons or property and under all applicable workers' compensation laws.

    4.3 Taxes, Charges, Etc. Duly pay and
    discharge, or cause to be paid and discharged, when due, all taxes,
    assessments and other governmental charges imposed upon it or any Subsidiary
    and its and their properties, or any part thereof or upon the income or
    profits therefrom, as well as all claims for labor, materials or supplies
    which if unpaid might by law become a lien or charge upon any property of
    the Company or any Subsidiary, except such items (a) as are being in good
    faith appropriately contested by the Company or any Subsidiary and for which
    adequate reserves are being maintained in accordance with generally accepted
    accounting principles or (b) the non-payment of which would not have a
    material adverse effect on the business, assets, operations or condition
    (financial or otherwise) of the Company and its Subsidiaries taken as a
    whole or on the ability of the Company to perform its obligations
    hereunder.

    4.4 Property. Maintain, preserve and keep its
    own, and all Subsidiaries', principal plants and properties and every part thereof in good
    repair, working order and condition and from time to time make all needful
    and proper repairs, renewals, replacements, additions, betterments and
    improvements thereto so that at all times the efficiency thereof shall be
    fully preserved and maintained.

    4.5 Corporate Existence, Etc. Preserve and
    maintain, and cause each Subsidiary to preserve and maintain, its existence,
    qualification to do business, licenses, permits, rights, franchises and
    privileges necessary or desirable in the normal conduct of its business,
    except to the extent failure to do so would not have a material adverse
    effect on the business, assets, operations or condition (financial or
    otherwise) of the Company and its Subsidiaries taken as a whole or on the
    ability of the Company to perform its obligations hereunder and under the
    Notes, and except as permitted by section 5.1.

    18

    4.6 Records and Visits and Inspections.
    Maintain and cause its Subsidiaries to maintain a system of accounting
    established and administered in accordance with GAAP as required or
    permitted by regulatory authorities and keep adequate records and books of
    account in which entries will be made in accordance with such accounting
    principles reflecting all transactions required to be reflected by such
    accounting principles; and further will permit, upon prior written request,
    representatives of any Bank (a) to visit and inspect the properties of the
    Company and each of its Subsidiaries during normal business hours, (b) to
    inspect their books and records, and (c) to discuss with their principal
    officers their respective businesses, assets, liabilities, conditions
    (financial or otherwise), results of operations and business
    prospects.

    4.7 [Intentionally deleted.]

    4.8 Licenses; Patents; Trademarks; Etc. At all
    times do or cause to be done, and cause each Subsidiary at all times to do
    or cause to be done, all things necessary to obtain, maintain, preserve,
    protect, renew and keep in full force and effect all rights, licenses,
    permits, authorizations, franchises, agency agreements, trademarks,
    tradenames, tradename rights, patents and copyrights necessary to the
    conduct of its businesses, except where the failure to do so would not have
    a material adverse effect on the business, assets, operations or condition
    (financial or otherwise) of the Company and its Subsidiaries taken as a
    whole.

    4.9 Compliance with Laws. Comply with, or
    contest in good faith by appropriate proceedings, and cause each Subsidiary
    to comply with, or contest in good faith by appropriate proceedings, all
    laws, rules, statutes, government regulations and permits, orders, writs,
    judgments, injunctions, decrees or awards to which it may be subject unless
    the failure to comply with or contest any of the foregoing shall not
    materially adversely affect the business, assets, operations or condition
    (financial or otherwise) of the Company and its Subsidiaries taken as a
    whole.

    4.10 ERISA 

    (a) Comply with the applicable provisions of
    the Employee Retirement Income Security Act of 1974 ("ERISA") where the failure so to comply
    might reasonably be expected materially to impair the right of the Company
    or any Subsidiary to carry on its business as now being conducted or to
    materially adversely affect the business, assets, operations or condition,
    financial or otherwise, of the Company and its Subsidiaries, taken as a
    whole, and furnish to the Banks, (i) as soon as possible, and in any event
    within 10 days after any officer of the Company knows or has reason to know
    that any Reportable Event with respect to any Plan has occurred, a statement
    of the chief financial officer of the Company, setting forth details as to
    such Reportable Event and the action that the Company proposes to take with
    respect thereto, together with a copy of the notice of such Reportable
    Event, if any, given to the PBGC, and (ii) promptly after the receipt or
    filing thereof, a copy of any notice the Company or any Subsidiary may
    receive from the PBGC relating to the intention of the PBGC to terminate any
    

    19

    Plan or to appoint a trustee to administer any
    Plan and all reports and notices from the PBGC relating to any Reportable
    Event;

    (b)
    Deliver to each Bank, immediately upon its knowledge of the occurrence of
    any of the following, a written notice describing the event requiring such
    notice and the action proposed to be taken by the Company with respect
    thereto: (i) commencement of proceedings by the PBGC to terminate or to have
    a trustee appointed to administer any Plan, (ii) a Reportable Event with
    respect to any Plan (including the termination of a Plan) that is likely to
    result in either a material liability to the PBGC or the appointment of a
    trustee to administer such Plan, (iii) receipt by the Company of notice that
    any Plan is in reorganization, or (iv) a complete withdrawal or partial
    withdrawal, within the meaning of ERISA sections 4203, 4204 and 4205, respectively,
    by the Company from any multi-employer Plan. For purposes of applying
    clauses (i) through (iv), inclusive, of this section 4.10(b), the term "Company" shall include all entities that,
    together with the Company, are considered as comprising a single employer
    under section 4001(b)(1) of ERISA.

    4.11 Environmental. The Company will take,
    and will cause its Subsidiaries to take, such action as may be necessary to
    be in substantial compliance with all applicable federal, state and local
    environmental laws and regulations, including, but not limited to, the
    Comprehensive Environmental Response, Compensation and Liability Act, the
    Superfund Amendments and Reauthorization Act, the Resource Conservation and
    Recovery Act, the Toxic Substances Control Act, the Clean Air Act, the Clean
    Water Act and all applicable state and local environmental statutes, rules,
    regulations or ordinances, each as amended from time to time. Except as
    previously disclosed to the Banks in writing, the Company and its
    Subsidiaries shall maintain all necessary permits to conduct their
    businesses in all jurisdictions in which such businesses are conducted, and
    to be in substantial compliance therewith such that no such failure to have
    or to be in compliance therewith would have a material adverse effect on the
    condition (financial or otherwise) of the Company and its Subsidiaries,
    taken as a whole.

    4.12 Long Term Debt to Capitalization Ratio.
    Maintain at the end of each quarter, a ratio of Long Term Debt to
    Capitalization of less than .65 to 1.00. 

    
    

    SECTION 5
NEGATIVE COVENANTS

    While this Agreement is in effect and until all indebtedness hereunder
    and under the Notes, if any, shall have been paid in full, the Company
    agrees that, except to the extent waived in writing by the Required Banks,
    it will comply with the covenants set forth in this section 5:

    5.1 Consolidation; Merger; Sale of Properties.
    The Company will not (a) consolidate with or merge the Company into any
    other Person unless the Company shall be the continuing corporation and
    immediately after such consolidation or merger no Default or Event of
    Default shall exist hereunder, or (b) sell, transfer or dispose of more than
    fifty percent (50%) of the properties or assets of the Company, or (c)
    permit its Subsidiaries to sell, 

    20

    transfer or dispose of more than fifty percent
    (50%) of the aggregate value of the properties or assets of the Subsidiaries
    in one transaction or in any series of related transactions; provided,
    however, each Subsidiary may freely (i) sell, transfer and dispose of its
    properties and assets to the Company or to any other Subsidiary or (ii)
    merge or consolidate with either the Company or any other
    Subsidiary.

    5.2 Restrictive Agreements. The Company will
    not, and will not permit any Subsidiary to, directly or indirectly, agree to
    any restriction or limitation on:

    (a) the making of dividends or distributions,
    payable by the Company or any Subsidiary to the Company or any other
    Subsidiary, as the case may be, or

    (b) the repaying of loans or advances made by
    the Company or any Subsidiary to the Company or any other Subsidiary, as the
    case may be, or the transferring of assets from any Subsidiary to the
    Company or any other Subsidiary of the Company, 

    except

    (i) restrictions and limitations imposed by
    law,

    (ii) customary restrictions and limitations
    contained in agreements relating to the sale of a Subsidiary or its assets
    that is permitted hereunder, and

    (iii) other restrictions and limitations that
    could not reasonably be expected to impair the Company's ability to repay the Loans when
    due.

    5.3 Indebtedness. The Company will not issue,
    create, guarantee, assume or permit to exist any Debt having a claim on
    assets or earnings ranking prior to the obligations under this Agreement
    (including without limitation any Debt that is secured by a mortgage,
    pledge, lien, charge or other encumbrance of any nature whatsoever on any of
    its assets), except (a) such Debt existing on the Restatement Effective Date
    and any extensions or refinancings of such Debt, provided that the principal
    balance of such Debt is not increased above that outstanding as of the date
    of such extension or refinancing, (b) purchase money obligations not
    exceeding 75% of the cost of assets acquired in connection with the issuance
    of such purchase money obligations, and (c) other secured Debt in an
    aggregate amount that does not exceed $25,000,000 at any time. The Company
    further agrees that it will not permit the aggregate principal balance of
    Loans (including, without limitation, Competitive Bid Rate Loans)
    outstanding hereunder to exceed the Total Commitments.

    5.4 Guarantees. The Company will not guarantee
    any Debt of another obligor, except Subsidiaries.

    5.5 Loss of Investment Grade Rating. If at any
    time the Company does not have an Investment Grade Rating, (a) the Company
    will not thereafter incur 

    21

    any additional Competitive Bid Rate Loans, and
    (b) neither the Company nor any-of its Subsidiaries will thereafter incur
    any additional Short Term Debt.

    5.6 Nature of Business. The Company will not,
    nor will it permit any Significant Subsidiary to, engage in any business or
    line of business other than communications services, information services,
    communications products or any other related business or line of
    business. 

    

    
    

    SECTION 6
EVENTS OF DEFAULT

    

    Upon the occurrence of any of the following
    events (each an "Event
    of Default"):

    6.1 Payment. Default shall be made in the
    payment of any principal of or interest on the Debt owing under this
    Agreement and such default continues for three (3) Business Days after
    notice of such default from the Agent (or the relevant Bank in the case of
    any Competitive Bid Rate Loan); or

    6.2 Covenants. Default shall be made in the due
    observance or performance of any other covenant or condition herein required
    to be observed or performed by the Company, which default is not remedied
    within 30 days after written notice of such default from the Agent;
    or

    6.3 Representations. Any representation or
    warranty made by the Company herein or in any writing delivered pursuant
    hereto shall prove to have been incorrect in any material adverse respect
    when made; or

    6.4 Cross-Default. With respect to any Debt
    (other than Debt outstanding under this Credit Agreement) (i) the Company or
    any of its Significant Subsidiaries shall default in any payment of
    interest, principal or any other amount (beyond the applicable grace period
    with respect thereto, if any) on such Debt, in an aggregate amount in excess
    of $100,000,000, unless the time for payment shall have been effectively
    extended by written agreement of the parties thereto; (ii) the Company or
    any Significant Subsidiary shall default in the observance or performance of
    any covenant or agreement relating to any such Debt, in an aggregate amount
    in excess of $100,000,000, or contained in any instrument or agreement
    evidencing, securing or relating thereto, or any other event or condition
    shall occur or condition exist, the effect of which default or other event
    or condition is to cause or permit the holder or holders of such Debt (or
    trustee or agent on behalf of such holders) to cause any such Debt to become
    due prior to its stated maturity; (iii) any Subsidiary of the Company that
    is not a Significant Subsidiary shall either default in any payment of
    interest, principal or any other amount (beyond the applicable grace period
    with respect thereto, if any) of any such Debt, in an aggregate amount in
    excess of $100,000,000, or default in the observance or performance of any
    covenant or agreement relating to any such Debt, in an 

    22

    aggregate amount in excess of $100,000,000, or
    contained in any instrument or agreement evidencing, securing or relating
    thereto the effect of which is to cause or permit the holder or holders of
    such Debt (or trustee or agent on behalf of such holders) to cause any such
    Debt to become due prior to its stated maturity, unless the time for payment
    shall have been effectively extended by written agreement of the parties
    thereto; or (iv) such Debt, in an aggregate amount in excess of $100,000,000
    shall be declared due and payable, or required to be prepaid other than by a
    regularly scheduled required prepayment, prior to the stated maturity
    thereof; or

    6.5 Bankruptcy; Insolvency. The Company or any
    Significant Subsidiary commences a voluntary case concerning the Company
    under Title 11 of the United States Code entitled "Bankruptcy" as now or hereafter in effect, or
    any successor thereto (the "Bankruptcy Code"); or an involuntary case is commenced against the Company or any
    Significant Subsidiary under the Bankruptcy Code and a decree or order
    constituting an order for relief against the Company or any Significant
    Subsidiary is entered and remains in effect and unstayed for 60 days; or the
    Company or any Significant Subsidiary is not generally paying its debts as
    such debts become due; or a custodian (as defined in the Bankruptcy Code) is
    appointed for, or takes charge of, all or substantially all of the property
    of the Company or any Significant Subsidiary; or the Company or any
    Significant Subsidiary by any act or failure to act indicates its consent
    to, approval of or acquiescence in any such case or proceeding or in the
    appointment of any custodian or the like of or for it or any substantial
    part of its property or suffers any such appointment to continue
    undischarged or unstayed for a period of 60 days; or the Company or any
    Significant Subsidiary makes a general assignment for the benefit of
    creditors; or

    6.6 ERISA. Any Plan shall fail to maintain the
    minimum funding standard required for any plan year or part thereof, a Plan
    is or shall have been terminated or the subject of termination proceedings
    by the PBGC under ERISA, any Plan that is a single-employer plan (within the
    meaning of section 4001(a)(15) of ERISA) shall have an Unfunded Current Liability,
    and there shall result from any such event or events the imposition of a
    lien upon the assets of the Company or any Subsidiary, the granting of a
    security interest, or a liability to the PBGC or a Plan or a trustee
    appointed under ERISA or a penalty under section 4971 of the Code, which in any
    such case will have a material adverse effect upon the consolidated
    financial condition of the Company and its Subsidiaries taken as a whole;
    or

    6.7 [Intentionally deleted]; or

    6.8 Judgments. If (a) any judgment the
    aggregate amount of which is in excess of $100,000,000 (to the extent not
    covered by insurance provided by a carrier who has acknowledged coverage),
    is rendered against the Company (or any Subsidiary) or (b) there is any
    attachment, injunction or execution against the Company's (or Subsidiary's) properties for any amount which
    is in excess of $100,000,000 (to the extent not covered by insurance
    provided by a carrier who has acknowledged coverage), or (c) there is issued
    by any federal, state or local agency against the Company (or a Subsidiary)
    a final, non-appealable order to pay or to remediate any property on account
    of an environmental problem where the amount of such payment or the cost of
    such remediation is in excess of $100,000,000 (to the extent not covered by
    insurance provided by a carrier who has acknowledged coverage), or (d) there
    is consent or settlement entered into by the Company (or a Subsidiary) on
    account of the occurrence or threat of the events described in subsection
    (c) hereof and such consent or settlement involves an amount in excess of
    $100,000,000 (to the extent not covered by insurance provided by a carrier
    who 

    23

    has acknowledged coverage), and, with respect
    to this section 6.8, such judgment, attachment, injunction, execution or order
    remains unpaid, unbonded, unvacated, unstayed or undismissed for a period of
    30 days or, in the case of any such payment, remediation, consent or
    settlement required by subsection (c) or (d) hereof, the payment or
    remediation required in respect thereof is not made in accordance with the
    terms of any such order, consent or settlement; or

    6.9 Environmental. The Company or any
    Subsidiary, or their respective properties, shall become subject to one or
    more liens for costs or damages in excess of $100,000,000 (to the extent not
    covered by insurance provided by a carrier who has acknowledged coverage),
    individually or in the aggregate, under the Comprehensive Environmental
    Response Compensation and Liability Act of 1980, U.S.C. section 9601 et seq., as
    reauthorized and amended by the Superfund Amendments and Reauthorization Act
    of 1986, or the regulations thereunder, or any other similar Federal, state
    or local laws or regulations and such liens are not either (a) removed
    within 30 days or (b) being contested in good faith by appropriate
    proceedings; 

  then, and in any such event, and at any time thereafter, if any Event of
  Default shall then be continuing, either or both of the following actions may
  be taken: (i) the Agent, acting under instructions from the Required Banks, by
  written notice to the Company, shall declare the principal of and accrued
  interest in respect of all of the Debt owing under this Agreement to be,
  whereupon the same shall become, forthwith due and payable without
  presentment, demand, protest or other notice of any kind, all of which are
  hereby expressly waived by the Company, anything contained herein or in the
  Notes to the contrary notwithstanding, and (ii) the Agent, acting under
  instructions from the Required Banks, by written notice to the Company, shall
  declare the Total Commitments terminated, whereupon the Commitment of each
  Bank and the obligation of each Bank to make Loans hereunder shall terminate
  immediately and any accrued Commissions shall forthwith become due and payable
  without any other notice of any kind; provided that if an Event of Default
  described in section 6.5 shall occur, the result which would otherwise occur only
  upon the giving of written notice by the Agent to the Company as specified in
  clauses (i) and (ii) above shall occur automatically without the giving of any
  such notice and without any instruction by the Required Banks to give such
  notice.

   
  

  SECTION 7
REPRESENTATIONS, WARRANTIES AND
  AGREEMENTS

  In order to induce the Banks to enter into this Agreement and to make the
  Loans provided for herein, the Company makes the following representations and
  warranties to, and covenants with, the Banks, all of which shall survive the
  execution and delivery of this Agreement and the Notes, if any:

  7.1 Financial Information. It has furnished to
  each Bank the consolidated statement of financial condition of the Company and
  of such companies as were then its Subsidiaries as at December 31, 2000 and
  March 31, 2001, and the related consolidated statements of net earnings and
  retained earnings for the year and periods then ended, as the case may be,
  accompanied in the case of the December 31, 2000 financial statements by the
  report on 

  24

  examination thereof by Arthur Andersen LLP; said
  statements fairly present the financial condition of the Company and the
  pertinent Subsidiaries and the results of their operations for the periods
  then ended, subject, in the case of the March 31, 2001 financial
  statements to normal year-end audit adjustments. 

7.2 No Violation. The making of this Agreement
  and compliance with its terms and the issuance of the Notes as contemplated
  herein will not violate any provision of applicable law or of the
  Company's certificate of
  incorporation or by-laws and will not result in a breach of any of the terms
  or conditions of or result in the imposition of any lien, charge or
  encumbrance upon any property of the Company pursuant to, or constitute a
  default under, any indenture or other agreement or instrument under which the
  Company is a party or is obligated, the Company's certificate of incorporation or
  by-laws or any law, order, rule, regulation, writ, injunction or decree of any
  government, governmental instrumentality or court having jurisdiction over the
  Company or its property. All acts, things and conditions required by law and
  by the Company's
  certificate of incorporation or by-laws to make this Agreement a legal, valid
  and binding obligation of the Company have been duly performed and complied
  with and this Agreement and the other Loan Documents constitute legal, valid
  and binding obligations of the Company enforceable in accordance with their
  respective terms, except as enforceability may be limited by general
  principles of equity and by bankruptcy or insolvency laws or similar laws
  affecting creditors'
  rights generally. 

  7.3 Corporate Status. The Company is a duly
  organized and existing Delaware corporation in good standing in Delaware, and
  each Subsidiary is a duly organized and existing corporation in good standing
  under the laws of the jurisdiction where it is incorporated. The Company and
  each Subsidiary are licensed or qualified and in good standing in every
  jurisdiction in which the failure to be licensed or qualified could have a
  material adverse effect on the consolidated financial condition of the Company
  and its Subsidiaries taken as a whole. 

  7.4 Taxes, Etc. Except such as are being
  contested in good faith by appropriate proceedings and for which adequate
  reserves are being maintained in accordance with GAAP applied on a Consistent
  Basis, all material taxes, assessments, fees and other governmental charges
  (other than those presently payable without penalty or interest) upon the
  Company and its Subsidiaries or upon any property thereof, which are due and
  payable, have been paid (except where non-payment would not have a material
  adverse effect on the consolidated financial condition of the Company and its
  Subsidiaries taken as a whole) and no material claims are being asserted with
  respect to any past due taxes, assessments, fees or other governmental charges
  against the Company or any of its Subsidiaries. 

  7.5 Governmental Approvals. No authorization,
  approval, consent, permit, license or other order of any federal, state or
  local government, regulatory entity or agency thereof (collectively, the
  "Governmental
  Approvals") (other than
  those which have previously been obtained and are in effect) is required for
  (a) the operation and conduct of the businesses of the Company and its
  Subsidiaries, except where the failure to obtain any such Governmental
  Approval would not have a material adverse effect on the 

  25

  business, assets, operations or condition
  (financial or otherwise) of the Company and its Subsidiaries taken as a whole
  and/or (b) the execution, delivery or performance of this Agreement or the
  Notes. 

  7.6 ERISA. No Plan is insolvent or in
  reorganization the effect of which will be a material adverse effect upon the
  consolidated financial condition of the Company and its Subsidiaries taken as
  a whole; no Plan which is a single-employer plan (within the meaning of
  section 4001(a)(15) of ERISA) has an Unfunded Current Liability; and no Reportable
  Event, the effect of which will be a material adverse effect on the
  consolidated financial condition of the Company and its Subsidiaries taken as
  a whole has occurred and is continuing with respect to any Plan; neither the
  Company nor any Subsidiary has incurred any material accumulated funding
  deficiency within the meaning of ERISA or any material liability to PBGC.
  

  7.7 Regulations U and X. While it is understood
  that the proceeds of the Loans hereunder shall be used for general corporate
  purposes, which may include the purchasing or carrying of Margin Stock
  (provided that the Company gives each of the Banks prior written notice or
  telephonic notice confirmed in writing of such intended use), no part of the
  proceeds of any Loan hereunder will be used to purchase or carry any Margin
  Stock or to extend credit to others for such purpose in violation of
  Regulations U or X of the Board of Governors of the Federal Reserve System.
  

  7.8 Rank of Debt. The obligations of the Company
  hereunder and under the Notes, if any, to pay the principal of and interest on
  all the Loans hereunder and other amounts payable hereunder will constitute
  direct, unconditional and general obligations of the Company ranking prior to
  or pari passu in all respects with all of its other indebtedness for borrowed
  money, except as permitted by section 5.3. 

  7.9 Encumbrances. The Company has the legal power
  and authority to own its properties and assets and to carry on its businesses
  as now being conducted and as contemplated by this Agreement. Except as to (a)
  matters set forth in Exhibit D attached hereto, and (b) minor defects in title
  or other encumbrances that do not reduce in any material respect the value of
  such property, the Company has good and marketable title in fee simple to all
  of its real property and good title to all of its other property, and none of
  such property is subject to any mortgage, pledge, lien, charge or other
  encumbrance of any nature whatsoever except as may be permitted hereunder or
  contemplated hereby. 

7.10 Legal Proceedings. Except as set forth in
  Exhibit E attached hereto, there is to the Company's knowledge following due inquiry, no
  pending or threatened action or proceeding affecting the Company or any of its
  properties or rights before any court, governmental agency or arbitrator,
  which is likely, collectively or individually, to impair the right of the
  Company to carry on its business as now conducted or materially adversely
  affect the financial condition or operations of the Company taken as a
  whole. 

  7.11 Judgments; Other Agreements. The Company is
  not, except as previously disclosed to each Bank: 

   

  26 

  (a) A party to any judgment, order, decree or any
  agreement or instrument or subject to corporate restrictions materially
  adversely affecting its business, properties or assets, operations or
  condition (financial or otherwise); 

  (b) In default in the performance, observance or
  fulfillment of any of the obligations, covenants or conditions contained in
  any agreement or instrument to which the Company is a party which default
  would have a material adverse effect on the business, properties or assets of
  the Company as a whole, or which default, in the reasonable judgment of the
  Company, would have a material adverse effect on the business, properties or
  assets of the Company and the Subsidiaries, taken as a whole. 

7.12 Environmental. The Company and its
  Subsidiaries are in substantial compliance with all applicable federal, state
  and local environmental laws and regulations and have all necessary permits to
  conduct their businesses in all jurisdictions in which said businesses are
  conducted, and are in substantial compliance therewith such that no such
  failure to have or be in compliance therewith would have a material adverse
  effect on the financial condition of the Company and its Subsidiaries taken as
  a whole. Except as disclosed in the Company's Annual Report on Form 10-K, or its Quarterly Reports on
  Form 10-Q, the Company and its Subsidiaries, to the best of the
  Company's knowledge, have
  not acquired, incurred or assumed, directly or indirectly, any material
  contingent liability in connection with a release or other discharge of any
  hazardous, toxic or waste material, including petroleum, on, in, under or into
  the environment surrounding any property owned, used or leased by any of
  them. 

  7.13 Investment Company Act. The Company is not
  an "investment
  company" or a company
  "controlled" by an "investment company", within the meaning of the
  Investment Company Act of 1940, as amended. 

  7.14 Material Adverse Change. Since December 31,
  2000, there have occurred no changes or circumstances which have had or would
  be reasonably expected to have a material adverse effect on the financial
  condition or operations of the Company and its Subsidiaries taken as a whole.
  

SECTION 8
AGENT

8.1
  Appointment. The Banks hereby appoint Bank of America, N.A. (successor to
  NationsBank, N.A.), as Agent to act as herein specified. Each Bank hereby
  irrevocably authorizes, and each holder of any Note by the acceptance of a
  Note shall be deemed irrevocably to authorize, the Agent to take such action
  on its behalf under the provisions of this Agreement, the Notes and any other
  instruments, documents and agreements referred to herein (this Agreement, such
  Notes and all other instruments, documents and agreements being herein
  referred to collectively as the "Loan Documents")
  and to exercise such powers hereunder and thereunder as are specifically
  delegated to the Agent by the terms hereof and thereof and such other powers
  as are reasonably incidental thereto. The Agent may perform any of its duties
  hereunder, or under the Loan Documents, by or through its agent or
  employees. 

  27 

  8.2 Nature of Duties. Notwithstanding any
  provision to the contrary elsewhere in the Loan Documents, the Agent shall
  have no duties or responsibilities except those expressly set forth in this
  Agreement. The duties of the Agent shall be mechanical and administrative in
  nature. The Agent shall not have by reason of this Agreement a fiduciary
  relationship in respect of any Bank. Nothing in this Agreement or any of the
  Loan Documents, expressed or implied, is intended to or shall be so construed
  as to impose upon the Agent any obligations in respect of this Agreement or
  any of the Loan Documents except as expressly set forth herein. Each Bank has
  made prior to becoming a party to this Agreement and shall continue to make
  its own independent investigation of the financial condition and affairs of
  the Company, its Subsidiaries and affiliates in connection with the making and
  the continuance of the Loans hereunder and has made prior to becoming a party
  to this Agreement shall continue to make its own appraisal of the
  creditworthiness of the Company, its Subsidiaries and affiliates; and the
  Agent shall have no duty or responsibility, either initially or on a
  continuing basis, to provide any Bank with any credit or other information
  with respect thereto, whether coming into its possession before the making of
  the Loans or at any time or times thereafter. On each Business Day upon the
  Company's request, the
  Agent shall notify the Company of the current overnight federal funds
  rate. 

  8.3 Rights Exculpation, Etc. Neither the Agent
  nor any of its officers, directors, employees or agents shall be liable to any
  Bank for any action taken or omitted by it hereunder or under any of the Loan
  Documents, or in connection herewith or therewith, unless caused by its or
  their gross negligence or willful misconduct. The Agent shall not be
  responsible to any Bank for the negligence or misconduct of any agents or
  attorneys-in-fact selected by the Agent with reasonable care. The Agent shall
  not be responsible to any Bank for any recitals, statements, representations
  or warranties herein or for the execution, effectiveness, genuineness,
  validity, enforceability, collectibility, or sufficiency of this Agreement or
  any of the Loan Documents or the financial condition of the Company, its
  Subsidiaries and affiliates. The Agent shall not be required to make any
  inquiry concerning either the performance or observance of any of the terms,
  provisions or conditions of this Agreement or any of the Loan Documents or the
  financial condition of the Company, any Subsidiary or affiliate or the
  existence or possible existence of any Default or Event of Default. The Agent
  may at any time request instructions from the Banks with respect to any
  actions or approvals which by the terms of this Agreement or any of the Loan
  Documents the Agent is permitted or required to take or to grant, and if such
  instructions are requested, the Agent shall be absolutely entitled to refrain
  from taking any action or to withhold any approval and shall not be under any
  liability whatsoever to any Person for refraining from any action or
  withholding any approval under this Agreement or any of the Loan Documents
  until it shall have received such instructions from the Required Banks or all
  of the Banks, as may be required hereunder. Without limiting the foregoing, no
  Bank shall have any right of action whatsoever against the Agent as a result
  of the Agent acting or refraining from acting hereunder or under any of the
  Loan Documents in accordance with the instructions of the Required Banks.
  

  28

  8.4 Reliance. The Agent shall be entitled to rely
  upon any written notice, statement, certificate, order or other document or
  any telephone message believed by it to be genuine and correct and to have
  been signed, sent or made by the proper Person, and, with respect to all legal
  matters pertaining to this Agreement or any of the Loan Documents and its
  duties hereunder or thereunder, upon advice of counsel selected by it.
  

  8.5 Indemnification. To the extent that the Agent
  is not reimbursed and indemnified by the Company, the Banks will reimburse and
  indemnify the Agent for and against any and all liabilities, obligations,
  losses, damages, penalties, actions, judgments, suits, costs, expenses or
  disbursements of any kind or nature whatsoever which may be at any time
  (including without limitation at any time following the payment of the Notes)
  imposed on, incurred by, or asserted against the Agent, acting pursuant
  hereto, in any way relating to or arising out of this Agreement or any of the
  Loan Documents or any action taken or omitted by the Agent under this
  Agreement or any of the Loan Documents, in proportion to their respective
  Commitments hereunder; provided, however, that no Bank shall be liable for any
  portion of such liabilities, obligations, losses, damages, penalties, actions,
  judgments, suits, costs, expenses or disbursements resulting from the
  Agent's gross negligence
  or willful misconduct. The obligations of the Banks under this section 8.5 shall
  survive the payment in full of the Notes and the termination of this
  Agreement. 

  8.6 The Agent Individually. With respect to its
  Commitment hereunder, the Loans made by it, and any Notes issued to or held by
  it, the Agent shall have and may exercise the same rights and powers hereunder
  and is subject to the same obligations and liabilities as and to the extent
  set forth herein for any other Bank or holder of a Note. The terms
  "Banks", "Required Banks" or "Holders of Notes"
  or any similar terms shall, unless the context clearly otherwise indicates,
  include the Agent in its individual capacity as a Bank, one of the Required
  Banks or a holder of a Note. The Agent may accept deposits from, lend money
  to, and generally engage in any kind of banking, trust or other business with
  the Company or any of its Subsidiaries or affiliates as if it were not acting
  pursuant hereto. 

  8.7 Holders of Notes. The Agent may deem and
  treat the named payee (or any subsequent holder, transferee, assignee or payee
  of which the Agent has received written notice) of any Note as the owner
  thereof for all purposes hereof unless and until a written notice of the
  assignment or transfer thereof shall have been received by the Agent. Any
  request, authority or consent of any Person, who at the time of making such
  request or of giving such authority or consent is the named payee (or any
  subsequent holder, transferee, assignee or payee of which the Agent has
  received written notice) of any Note, shall be conclusive and binding on any
  subsequent holder, transferee, assignee or payee of such Note or of any Note
  or Notes issued in exchange therefor. 

  8.8 Resignation by the Agent. The Agent may
  resign from the performance of all of its functions and duties hereunder at
  any time by giving 30 Business Days' prior written notice to the Company and the Banks. Such
  resignation shall take effect upon the expiration of such 30 Business Day
  period or upon the earlier appointment of a successor pursuant to this section
  8.8 or
  as provided in the definition of Agent. After any retiring Agent's 

  29

  resignation hereunder as Agent, the provisions of
  this Section 8 shall inure to its benefit as to any actions taken or
  omitted to be taken by it while it was Agent under the Loan Documents. Upon
  any such resignation, the Required Banks shall appoint a successor Agent who
  shall be satisfactory to the Company and shall be an incorporated bank or
  trust company. In the event no such successor shall have been so appointed by
  the 30th Business Day after the date such notice of resignation was given by
  the Agent, the Agent's
  resignation shall become effective and, until such time as the Required Banks
  shall appoint a successor Agent, any notification, demand or other
  communication required or permitted to be given by the Agent on behalf of the
  Banks to the Company hereunder shall be sufficiently given if given by the
  Required Banks, and any notification, demand, other communication, document,
  statement, other paper or payment required to be made, given or furnished by
  the Company to the Agent for distribution to the Banks shall be sufficiently
  made, given or furnished if made, given or furnished by the Company directly
  to each Bank entitled thereto and, in the case of payments, in the amount to
  which each such Bank is entitled. All powers specifically delegated to the
  Agent by the terms hereof may be exercised by the Required Banks.
  

  SECTION
  9
MISCELLANEOUS

  9.1 Definitions. As used herein the following
  terms shall have the meanings herein specified and shall include in the
  singular number the plural and in the plural number the singular: 

  "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 a corporation if
  such Person possesses, directly or indirectly, the power (i) to vote 20% or
  more of the securities having ordinary voting power for the election of
  directors of such corporation or (ii) to direct or cause direction of the
  management and policies of such corporation, whether through the ownership of
  voting securities, by contract or otherwise.

  "Agency Fee" shall
  mean the agency fee payable to the Agent pursuant to section 1.12(b).

  "Agent" shall have
  the meaning specified in the first paragraph of this Agreement.

  "Agreement" shall
  mean the Existing Agreement, as amended and restated by this Amended and
  Restated Credit Agreement, and as further amended, modified or restated from
  time to time.

  "Applicable Eurodollar Margin" shall be equal to the percentage set forth in the
  appropriate column in the definition of "Applicable Margin".

  "Applicable Facility Fee Margin" shall be equal to the percentage set forth in the
  appropriate column in the definition of "Applicable Margin".

  30

  "Applicable Margin"
  (a) from and after the Effective Date to the Restatement Effective Date, for
  each Eurodollar Loan and for the Facility Fee shall be equal to the percentage
  set forth in the appropriate column in the first table below, and (b) from and
  after the Restatement Effective Date, for each Eurodollar Loan, for the
  Facility Fee and for the Utilization Fee shall be equal to the percentage set
  forth in the appropriate column in the second table below, in each case
  relating to Senior Debt ("Debt Rating") from
  Standard & Poor's and Moody's. In
  the event any of the Company's Debt Ratings fall in more than one level of the table, the Applicable
  Margin will be based on the level which includes the higher rating (associated
  with the less expensive pricing), unless there is a split in Debt Ratings of
  more than one level, in which case the level that is one level higher than the
  level corresponding to the lower Debt Rating shall apply. All such ratings
  shall apply to Senior Debt. The Applicable Margin shall be subject to
  adjustment (upward or downward, as the case may be), effective as of the date
  on which Standard & Poor's or Moody's announces a rating change which results in a change in the Applicable
  Margin.

  From Effective Date to Restatement Effective Date

   

  	
        Level 
	
        Standard & Poor's

        Senior Debt

        Rating 
	
        Moody's

        Senior Debt

        Rating 
	
        Applicable 

        Facility

        Fee

        Margin 
	
        Applicable

        Eurodollar

        Margin 

	
        Level I 
	
        AA- or higher 
	
        Aa3 or higher 
	
        .055% 
	
        .115% 

	
        Level II 
	
        A+ 
	
        A1 
	
        .060% 
	
        

        .125% 

	
        Level III 
	
        A 
	
        A2 
	
        .070% 
	
        

        .130% 

	
        Level IV 
	
        A- 
	
        A3 
	
        .075% 
	
        

        .150% 

	
        Level V 
	
        BBB+ 
	
        Baa1 
	
        .085% 
	
        

        .165% 

	
        Level VI 
	
        BBB or lower 
	
        Baa2 or lower 
	
        .110% 
	
        .240% 

  
From and After Restatement Effective Date

  	
        Level 
	
        Standard &
        Poor's Senior Debt
        Rating 
	
        Moody's Senior Debt Rating
      
	
        Applicable Facility Fee

        Margin 
	
        Applicable Utilization Fee Margin 
	
        Applicable Eurodollar Margin 

	
        Level I 
	
        AA- or higher 
	
        Aa3 or higher 
	
        .070% 
	
        .050% 
	
        .130% 

	
        Level II 
	
        A+ 
	
        A1 
	
        .080% 
	
        .050% 
	
        .170% 

	
        Level III 
	
        A 
	
        A2 
	
        .090% 
	
        .050% 
	
        .210% 

	
        Level IV 
	
        A- 
	
        A3 
	
        .100% 
	
        .050% 
	
        .275% 

	
        Level V 
	
        BBB+ 
	
        Baa1 
	
        .125% 
	
        .100% 
	
        .425% 

	
        Level VI 
	
        BBB or lower 
	
        Baa2 or lower 
	
        .150% 
	
        .100% 
	
        .500% 

  31 

  "Applicable
  Quarter" shall have the
  meaning specified in section 1.12(a).

  "Applicable Utilization Fee Margin" shall be equal to the percentage set forth in the
  appropriate column of the definition of "Applicable Margin."

  "Bank" or
  "Banks" shall have the meaning specified in
  the first paragraph of this Agreement.

  "Bank of America"
  means Bank of America, N.A. (successor to NationsBank, N.A.) in its capacity
  as a Bank hereunder.

  "Base Rate" shall
  mean the greater of (i) the Prime Rate or (ii) the Federal Funds Rate in
  effect from time to time plus one-half of one percent (1/2%).

  "Base Rate Loan"
  shall mean any Loan which is bearing interest at the rates provided in section
  1.7(a)(i).

  "Board of Directors" shall mean either the board of directors of the Company or any duly
  authorized committee of that board.

  "Borrowing" shall
  mean the incurrence of a Syndicate Loan or a Competitive Bid Rate Loan on any
  given date.

  "Business Day"
  shall mean (i) for all purposes other than as covered by clause (ii) below,
  any day excluding Saturday, Sunday and any day on which banks in Dallas, Texas
  or New York, New York are authorized by law or other governmental actions to
  close and (iii) with respect to all notices and determinations in connection
  with, and payments of principal and interest on, Eurodollar Loans, any day
  which is a Business Day described in clause (i) and which is also a day for
  trading by and between banks in U.S. dollar deposits in the London interbank
  Eurodollar market.

  "Capitalization"
  shall mean Long Term Debt plus Consolidated Net Worth.

  "Code" shall mean
  the Internal Revenue Code of 1986, as amended from time to time.

      "Commissions" shall
  mean the Facility Fee and the Utilization Fee, payable pursuant to section 1.12(a),
  and the Agency Fee, payable pursuant to section
      1.12(b).

  "Commitment" shall
  mean for each Bank the amount specified opposite its name on Schedule I
  hereto, as such amount may be reduced or increased from time to time in
  accordance with the terms of this Agreement.

  "Commitment Period"
  shall mean the period commencing on the date hereof and ending on October 1,
  2001 and, as to any Bank, to the extent extended pursuant to section 1.1(b), to the
  Termination Date as to such Bank.

  32

  "Competitive Bid Rate" for each Bank shall mean the rate of interest determined by such Bank
  to be applicable to a Competitive Bid Rate Loan for a specified Interest
  Period pursuant to section 1.7(b).

  "Competitive Bid Rate Loan" shall mean any Loan bearing interest at the rates provided in section 1.7(b).

  "Consistent Basis"
  in reference to the application of GAAP, means that the accounting principles
  observed in the period referred to are comparable in all material respects to
  those applied in the most recent preceding period.

  "Consolidated Net Worth" means, at any time, consolidated net stockholders equity of the
  Company and its Subsidiaries, determined in accordance with GAAP applied on a
  Consistent Basis.

  "Current Liabilities" means all items which, in accordance with GAAP, would be classified as
  current liabilities on a consolidated balance sheet of the Company and its
  Subsidiaries.

  "Debt" means at any
  date, the following:

  (i) indebtedness for borrowed money;

  (ii) indebtedness representing the deferred purchase price of property, but
  excluding accounts payable and accrued liabilities arising, and on terms
  customary, in the ordinary course of business of the Company and its
  Subsidiaries;

  (iii) indebtedness which is evidenced by acceptances, notes or other
  instruments;

  (iv) obligations to pay rent with respect to leases required to be
  capitalized in accordance with GAAP;

  (v) reimbursement obligations under letters of credit (excluding
  reimbursement obligations in respect of letters of credit which are not, in
  effect, Guaranties);

  (vi) Guaranties;

  (vii) any obligation secured by a lien on assets, whether or not the
  obligor has assumed such obligation or whether or not such obligation is
  non-recourse to the credit of such obligor; and

  (viii) (without duplication of any obligation described in clauses (i)
  through (vii)) any obligations under swap, collar, cap or other interest rate
  protection agreements.

  "Default" shall
  mean any event, act or condition which with notice or lapse of time or both
  would constitute an Event of Default.

  "Effective Date"
  shall have the meaning specified in section 3.1.

  33

  "Eligible Assignee"
  means any Bank or Affiliate or subsidiary of a Bank, and any other commercial
  bank, financial institution or "accredited investor" (as defined in Regulation D of the Securities and Exchange Commission)
  that has a combined capital and surplus of at least $500,000,000 and that is
  reasonably acceptable to the Agent and the Company.

  "ERISA" shall mean
  the Employee Retirement Income Security Act of 1974, as amended from time to
  time. Section references to ERISA are to ERISA, as in effect on the Effective
  Date and any subsequent provisions of ERISA, amendatory thereof, supplemental
  thereto or substituted therefor.

  "Eurodollar Loan"
  or "Eurodollar
  Loans" shall mean any
  Loan or Loans during any period during which such Loan or Loans are bearing
  interest at the rates provided for in section 1.7(a)(iii).

  "Eurodollar Rate"
  means, for any Eurodollar Loan for any Interest Period therefor, an interest
  rate per annum equal to the sum of:

  

  (a) the rate per annum (rounded upwards, if
  necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any
  successor page) as the London interbank offered rate for deposits in United
  States dollars at approximately 11:00 a.m. (London time) two Business Days
  prior to the first day of such Interest Period for a term comparable to such
  Interest Period, plus

  (b) the Applicable Eurodollar
  Margin.

  "Event of Default"
  shall mean each of the Events of Default provided in section 6.

  "Facility Fee"
  shall mean the facility fee payable to each Bank pursuant to section 1.12(a).

  "Federal Funds Rate" shall mean, for any day, the weighted average of the rates on
  overnight Federal funds transactions with members of the Federal Reserve
  System arranged by Federal funds brokers, as released on the next succeeding
  Business Day by the Federal Reserve Bank of New York, or, if such rate is not
  so released for any day which is a Business Day, the arithmetic average
  (rounded upwards to the next 1/100 of 1%), as determined by the Agent, of the
  quotations for the day of such transactions received by the Agent from three
  Federal funds brokers of recognized standing selected by it.

  "GAAP" shall mean
  those principles of accounting set forth in pronouncements of the Financial
  Accounting Standards Board or the American Institute of Certified Public
  Accountants, as such principles are from time to time supplemented and
  amended.

  "Governmental Approvals" shall have the meaning specified in section 7.5.

  "Governmental Authority" means any Federal, state, local or foreign court or governmental
  agency, authority, instrumentality or regulatory body.

  34

  "Guaranty" or
  "Guaranties" by any Person shall mean all
  obligations (other than endorsements in the ordinary course of business of
  negotiable instruments for deposit or collection) of such Person guaranteeing
  or in effect guaranteeing any Debt, dividend or other obligation of any other
  Person (the "primary
  obligor") in any manner,
  whether directly or indirectly, including, without limitation, all obligations
  incurred through an agreement, contingent or otherwise, by such Person: (i) to
  purchase such Debt or obligation or any property or assets constituting
  security therefor, (ii) to advance or supply funds (x) for the purchase or
  payment of such Debt or obligation, or (y) to maintain working capital or
  other balance sheet condition or otherwise to advance or make available funds
  for the purchase or payment of such Debt or obligation, or (iii) to lease
  property or to purchase Securities or other property or services primarily for
  the purpose of assuring the owner of such Debt or obligation of the ability of
  the primary obligor to make payment of the Debt or obligation, or (iv)
  otherwise to assure the owner of the Debt or obligation of the primary obligor
  against loss in respect thereof. For the purposes of all computations made
  under this Agreement, a Guaranty in respect of any Debt for borrowed money
  shall be deemed to be Debt equal to the principal amount of such Debt for
  borrowed money which has been guaranteed, and a Guaranty in respect of any
  other obligation or liability or any dividend shall be deemed to be Debt equal
  to the maximum aggregate amount of such obligation, liability or
  dividend.

  "Interest Period"
  shall have the meaning specified in section 1.8.

      "Investment Grade Rating" shall mean, at any date, that Senior Debt shall be rated "Baa3" or higher by Moody's and shall be rated "BBB-"
  or higher by Standard & Poor's (or in either case, the comparable ratings then in existence). The
  Company shall not be deemed to have an Investment Grade Rating if either
  Moody's or Standard &
  Poor's rates Senior Debt
  below the benchmark level for such agency described in the preceding
  sentence.

  "Loan" shall have
  the meaning specified in section 1.1.

  "Loan Documents"
  shall have the meaning specified in section 8.1.

  "Long Term Debt"
  means, at any date, all Debt of the Company and its Subsidiaries, or any of
  them, which would, in accordance with GAAP, be classified as long term debt on
  a consolidated balance sheet of the Company and its Subsidiaries, but in any
  event including all Debt under this Agreement, all Guaranties and other credit
  support obligations, all Debt, whether secured or unsecured having a final
  maturity more than one year after the date of the creation thereof,
  notwithstanding that payments in respect thereof are required to be made
  within one year after the date as of which the amount of Long Term Debt is
  being determined and including (but without duplication) any amount thereof
  which is at the time included also in Current Liabilities, and leases which
  are required to be capitalized in accordance with GAAP. Any Debt the maturity
  of which may be extended or renewed at the sole option of the Company to a
  date more than one year from the date as of which Long Term Debt is to be
  calculated hereunder shall be deemed Long Term Debt hereunder. Any Debt which
  is extended or renewed (other than pursuant to 

  35

  an option of the Company granted at the time of
  the original creation of such Debt) shall be deemed to have been created at
  the date of such extension or renewal.

  "Margin Stock"
  shall have the meaning assigned to such term in Regulation U of the Board of
  Governors of the Federal Reserve System as from time to time in
  effect.

  "Moody's" shall mean
  Moody's Investors
  Service, Inc. and any successor thereto which is a nationally recognized
  rating agency.

  "Note" shall have
  the meaning specified in section 1.5.

  "Notice of Syndicate Borrowing" shall have the meaning specified in section 1.3(a).

  "Notice Office"
  shall mean (i) with respect to any Syndicate Loan, the office of the Agent
  specified opposite its signature hereto as its Notice Office, or such other
  office of the Agent as the Agent may designate in writing to the Company and
  the other Banks from time to time, and (ii) with respect to any Competitive
  Bid Rate Loan, the office of the Bank making such Competitive Bid Rate Loan
  specified opposite its signature hereto as its Notice Office or at such other
  office of such Bank as such Bank may designate in writing to the Company and
  the Agent from time to time.

  "Outstanding Utilization" shall mean at any time the sum of the outstanding principal amount of
  all Loans (including Competitive Bid Rate Loans); the Outstanding Utilization
  of any Bank shall mean at any time the sum of the outstanding principal amount
  of Loans (including Competitive Bid Rate Loans) made by such Bank.

      "PBGC" shall mean
  the Pension Benefit Guaranty Corporation established pursuant to section
      4002 of
  ERISA, or any successor thereto.

  "Person" shall mean
  and include any person, firm, corporation, association, trust or other
  enterprise or any governmental or political subdivision or agency, department
  or instrumentality thereof.

  "Plan" shall mean
  any multi-employer or single-employer plan which is subject to the provisions
  of Title IV of ERISA and which is maintained for employees of the Company and
  any Subsidiary or any other trade or business which is under common control
  with the Company or any Subsidiary within the meaning of section 414(o) of the
  Code.

  "Prime Rate" means
  the rate of interest publicly announced by Bank of America from time to time
  in Charlotte, North Carolina as its "prime rate". The Prime Rate is not necessarily the best or lowest rate of interest
  offered by Bank of America.

  "Regulation D"
  shall mean Regulation D of the Board of Governors of the Federal Reserve
  System as from time to time in effect or any successor to all or a portion
  thereof establishing reserve requirements.

  36

  "Reportable Event"
  shall mean a reportable event as defined in section 4043(b) of ERISA with respect to
  a Plan as to which the thirty (30) day notice requirement has not been waived
  by the PBGC.

  "Required Banks"
  shall mean, for all purposes of this Agreement, Banks with Commitments
  aggregating at least 50% of the Total Commitments.

  "Restatement Effective Date" shall have the meaning specified in section 3.2.

  "Security" or
  "Securities" shall have the same meaning as in
  section 2(l) of the Securities Act of 1933, as amended.

  "Senior Debt" shall
  mean the long-term senior unsecured indebtedness of the Company, the
  creditworthiness of which is not supported through defeasance, guaranties or
  other credit enhancement.

  "Short Term Debt"
  shall mean, at any date, any Debt of the Company or any Subsidiary which is
  not Long Term Debt.

      "Significant Subsidiary" shall mean any Subsidiary (a) the total assets of which, as reflected
  on a consolidated balance sheet of such Subsidiary and all such
  Subsidiary's Subsidiaries
  prepared in accordance with GAAP applied on a Consistent Basis as required or
  authorized by regulatory authorities, would equal or exceed $100,000,000, and
  (b) the assets and liabilities of which are required to be consolidated with
  those of the Company in its consolidated financial statements in accordance
  with GAAP applied on a Consistent Basis.

      "Standard & Poor's" shall mean
  Standard & Poor's
  Ratings Group and any successor thereto that is a nationally recognized rating
  agency.

  "Subsidiary" of any
  Person means (a) any entity of which an aggregate of more than 50% (in number
  of votes) of the stock, membership interests, or other equity interests is
  owned of record or beneficially, directly or indirectly, by such Person, or
  (b) any partnership (limited or general) of which such Person shall at any
  time be the controlling general partner determined in accordance with GAAP or
  own more than fifty percent (50%) of the issued and outstanding partnership
  interests.

  "Syndicate Loan"
  shall mean a Loan which is a Base Rate Loan or a Eurodollar Loan and which is
  not a Competitive Bid Rate Loan.

      "Termination Date"
  shall mean (i) with respect to any Bank, the earlier of (A) the date such
  Bank's Commitment
  terminates pursuant to section 1.1(b), (B) the date upon which the Company has
  terminated the Commitment of such Bank pursuant to section 1.13, and (C) the date
  upon which such Bank's Commitment terminates pursuant to section 1.17, and (ii) with
  respect to all the Banks, the date upon which the Total Commitment is
  terminated by the Company pursuant to section 1.13 or by all Banks pursuant to clause
  (i) of this definition.

  "Total Commitments"
  shall mean at any time the aggregate of all the Commitments of all the
  Banks.

  37

  "Unfunded Current Liability" of any Plan means the amount, if any, by which the
  present value of the accrued vested benefits under the Plan as of the close of
  its most recent plan year exceeds the fair market value of the assets
  allocable thereto, determined in accordance with section 412 of the Code.

  "Unutilized Commitment" shall mean, at any time (i) for any Bank, an amount equal to the
  Commitment of such Bank less the sum of the outstanding principal amount of
  Loans (including Competitive Bid Rate Loans) extended by such Bank, and (ii)
  with respect to the Banks as a group, an amount equal to the Total Commitments
  less the sum of the outstanding principal amount of all Loans (including
  Competitive Bid Rate Loans) of the Banks in the aggregate. 

  "Utilization Fee"
  shall have the meaning specified in section 1.12(a).

  "Written" or
  "in writing" shall mean any form of written
  communication or a communication by means of telex, telecopier device,
  telegraph or cable.

  9.2 Accounting Principles. Except as otherwise
  specifically provided herein, all statements to be prepared and determinations
  to be made under this Agreement, including (without limitation) those pursuant
  to section 4.1, shall be prepared and made in accordance with GAAP applied on a
  Consistent Basis. 

  9.3 Exercise of Rights. Neither the failure
  nor delay on the part of any of the Banks or any holder of a Note to exercise
  any right, power or privilege under this Agreement shall operate as a waiver
  thereof, nor shall any single or partial exercise of any right, power or
  privilege under this Agreement preclude any other or further exercise thereof,
  or the exercise of any other right, power or privilege. The rights and
  remedies herein expressly provided are cumulative and not exclusive of any
  rights or remedies which the Banks and the holders of the Notes would
  otherwise have. No notice to or demand on the Company in any case shall
  entitle the Company to any other or further notice or demand in similar or
  other circumstances or constitute a waiver of the right of the Banks and the
  holders of the Notes to any other or further action in any circumstances
  without notice or demand. 

  9.4 Other Loans. Nothing in this Agreement
  shall be construed to limit in any way the right of the Company and any Bank
  to enter into transactions, including the advance of credit to the Company by
  such Bank, other than under this Agreement.  

  9.5 Amendment and Waiver. With the prior
  written consent of the Required Banks and the Company, any provision of this
  Agreement may be amended, waived, supplemented, restated, discharged or
  terminated; except that the written consent of the Company, all of the Banks
  and each holder of a Note shall be required: (i) to extend the maturity of any
  Loan or Note (except as to Competitive Bid Rate Loans which may be modified by
  the Bank extending such Competitive Bid Rate Loan), or reduce the rate or
  extend the time of payment of interest or fees or Commissions thereon, or
  reduce the principal amount thereof, or, except as provided in section 1.14, increase
  the Commitment of any Bank over the amount thereof then in effect (it being
  understood that a waiver of any Default or Event of Default or of a mandatory
  reduction in the Total Commitment shall not constitute a change in the terms
  of any Commitment of any 

  38

      Bank), (ii) to amend, modify or waive any
  provision of this Section, or section 8.5, 9.2, 9.6, 9.7, 9.11, 9.13, or 9.14 or
  (iii) to reduce the percentage specified in the definition of Required Banks;
  and except that the consent of the Agent, the Company and the Required Banks
  shall be required to amend or modify any term or provision of Section 8
  other than Section 8.5. 

      9.6 Expenses. The Company shall pay all
  reasonable out-of-pocket costs and expenses (x) of the Agent and Banc of
  America Securities LLC (successor to NationsBanc Capital Markets, Inc.)
  incurred in connection with the development, preparation, syndication,
  execution, delivery, enforcement and administration of this Agreement and the
  Notes and any and all documents and agreements supplementary hereto or thereto
  regardless of whether the Loan Documents are executed (including, without
  limitation, the reasonable fees and expenses of counsel) and the making and
  repayment of the Loans and the payment of interest and (y) of the Agent and
  each Bank incurred in connection with any Event of Default or the enforcement of any of the foregoing
  (including, without limitation, the reasonable fees and expenses of counsel to
  the Agent). In addition, the Company shall pay all reasonable out-of-pocket
  costs and expenses of the Agent and Banc of America Securities LLC (successor
  to NationsBanc Capital Markets, Inc.) (including, without limitation, the
  reasonable fees and expenses of counsel to the Agent) in connection with or
  relating to any amendment, waiver or consent with respect to any of the Loan
  Documents and any document or agreement supplemental thereto, including,
  without limitation, any amendments, waivers or consents resulting from any
  work-out, restructuring or similar proceeding. Further, the Company agrees to
  pay, and to save the Agent and the Banks harmless from all liability for, any
  stamp or other documentary taxes which may be payable in connection with the
  execution or delivery of this Agreement, the borrowings hereunder, the
  issuance of the Notes, or any other instruments or documents provided for
  herein or delivered or to be delivered hereunder or in connection herewith.
  The Company agrees to indemnify, defend and hold the Agent and each of the
  Banks harmless from and against any and all liability (including, without
  limitation, interest, penalties and all reasonable attorneys' fees and expenses) to which either
  Agent or any of the Banks may become subject insofar as such liability arises
  out of or is based upon a suit or proceeding or governmental action brought or
  taken in connection with the use of the proceeds of the loans to acquire the
  stock or assets of any Person, whether such Agent or such Bank is a party
  thereto or is otherwise required to respond thereto, provided that the Company
  shall not be liable hereunder with respect to claims directly arising out of
  (i) any settlement made without its consent, which consent will not
  unreasonably be withheld, (ii) any proceeding brought against such Agent or
  such Bank by a security holder of such Agent or such Bank based upon rights
  afforded such security holder solely in its capacity as such, and (iii) the
  gross negligence or willful misconduct of such Agent or such Bank. All
  obligations provided for in this section 9.6 shall survive any termination of this
  Agreement. 

  9.7 Benefit of Agreement. 

  (a) This Agreement shall be binding upon and
  inure to the benefit of and be enforceable by the respective successors and
  assigns of the parties hereto (and as pertaining to Banc of America Securities
  LLC (successor to NationsBanc Capital Markets, Inc.) and its successors
  

  39

  and assigns), provided that the Company may not
  assign or transfer any of its interest hereunder without the prior written
  consent of each Bank.

  (b) Any Bank may make, carry or transfer Loans
  at, to or for the account of, any of its branch offices or the office of an
  affiliate of such Bank, provided that the Company shall not be liable for any
  increased cost or taxes or other identified liabilities that a Bank may incur
  as a result of any transfer by such Bank of any Loans from the office where
  initially maintained. 

  (c) No Bank may assign its rights and its
  obligations under this Agreement, in all or any part of any Loan or Loans made
  by it or its Commitment or any other interest herein or in its Notes, except
  (i) in either case upon notice to the Company and the Agent and with the prior
  written consent of the Company and the Agent, which consent by the Company and
  the Agent shall not be unreasonably withheld and (ii) such assignment is to
  one or more Eligible Assignees. In the case of an assignment consented to by
  the Company and the Agent, and upon payment by the assigning Bank or the
  assignee Bank of a transfer fee of $3,000 payable to the Agent for its own
  account, the assignee shall have, to the extent of such assignment (unless
  otherwise provided therein), the same rights and benefits as it would have if
  it were a Bank hereunder and the holder of a Note; provided, notwithstanding
  the foregoing, there shall be no transfer fee required in connection with any
  such assignment between Affiliates.  

  (d) Each Bank may, without the consent of the
  Company or the Agent, sell participations to one or more banks or other
  entities in or to all or a portion of its rights and obligations under this
  Agreement and its Notes and any other document delivered in connection
  herewith. In the case of a participation, the participant shall not have any
  rights under this Agreement or any Note or any other document delivered in
  connection herewith (the participant's rights against such Bank in respect of such
  participation to be those set forth in the agreement executed by such Bank in
  favor of the participant relating thereto) and all amounts payable by the
  Company under sections 1.9, 1.10 and any other Section of this Agreement shall be
  determined as if such Bank had not sold such participation. 

  9.8 Descriptive Headings. The descriptive
  headings of the various provisions of this Agreement are inserted for
  convenience of reference only and shall not be deemed to affect the meaning or
  construction of any of the provisions hereof. 

  9.9 Notices, Requests, Demands. All notices,
  requests, demands or other communications to or upon the respective parties
  hereto shall be deemed to have been given or made three days after having been
  deposited in the mails, postage prepaid, or, in the case of telex or
  telegraphic notice, when delivered to the telex or telegraph company, or in
  the case of telex or telecopier notice sent over a telex or a telecopier
  machine owned or operated by a party hereto, when sent, addressed to the
  Company, the Agent or the Banks, as the case may be, at their respective
  addresses shown opposite their 

  40

  signatures hereto or at such other address as
  any of the parties hereto may hereafter specify in writing to the others,
  except that any communication with respect to a change of address shall be
  deemed to be given or made when received by the party to whom such
  communication was sent. No other method of giving notice is hereby
  precluded. 

  9.10 Survival of Representations and
  Warranties. All representations and warranties contained herein or otherwise
  made in writing by the Company in connection herewith shall survive the
  execution and delivery of this Agreement and the Notes. 

  9.11 Governing Law, Etc. THIS AGREEMENT AND
  THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT AND UNDER THE
  NOTES SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH
  THE LAW OF THE STATE OF NORTH CAROLINA. THE COMPANY AND THE BANKS HEREBY
  IRREVOCABLY SUBMIT TO THE NONEXCLUSIVE JURISDICTION OF ANY NORTH CAROLINA
  STATE OR FEDERAL COURT SITTING IN MECKLENBURG COUNTY, NORTH CAROLINA, FOR ANY
  ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY LOAN
  DOCUMENT, AND THE COMPANY AND THE BANKS HEREBY IRREVOCABLY AGREE THAT ALL
  CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED
  IN SUCH NORTH CAROLINA STATE COURT OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH
  FEDERAL COURT. THE COMPANY AND THE BANKS HEREBY IRREVOCABLY WAIVE TO THE
  FULLEST EXTENT THEY MAY EFFECTIVELY DO SO, THE DEFENSE OF AN INCONVENIENT
  FORUM TO THE MAINTENANCE OF ANY SUCH ACTION OR PROCEEDING. THE COMPANY HEREBY
  WAIVES ANY RIGHT WHICH IT MAY HAVE TO A TRIAL BY JURY IN ACTIONS BROUGHT IN
  RESPECT OF THIS AGREEMENT, THE NOTES OR ANY OF THE OTHER LOAN DOCUMENTS.
  

  9.12 Counterparts. This Agreement may be
  executed in any number of copies, and by the different parties hereto on the
  same or separate counterparts, each of which shall be deemed to be an original
  instrument. Complete counterparts of this Agreement shall be lodged with the
  Company and the Agent and each Bank shall receive an executed counterpart of
  this Agreement executed by the Company and the Agent. 

  9.13 Right of Setoff. In addition to any
  rights now or hereafter granted under applicable law or otherwise, and not by
  way of limitation of any such rights, upon the occurrence of an Event of
  Default, each Bank is hereby authorized at any time or from time to time,
  without presentment, demand, protest or other notice of any kind to the
  Company or to any other Person, any such notice being hereby expressly waived,
  to set off and to appropriate and apply any and all deposits (general or
  special) and any other indebtedness at any time held or owing by such Bank
  (including without limitation by branches and agencies of such Bank wherever
  located) to or for the credit or the account of the Company against and
  on account of the obligations and liabilities of the Company to such Bank
  under this Agreement and the Notes, including, without limitation, all
  interests in obligations purchased by such Bank pursuant to section 9.14, and all
  other claims of any nature or description arising out of or connected with
  this Agreement and the Notes, irrespective of whether or not such Bank shall
  have made any demand hereunder and although said obligations, liabilities or
  claims, or any of them, shall be contingent or unmatured. 

  9.14 Proration of Excess Payments. The Banks
  agree among themselves that, with respect to all amounts received by them
 which are applicable to the 

  41

  payment of principal of or interest on the
  Notes, equitable adjustment will be made so that, in effect, all such amounts
  will be shared ratably among the Banks on the basis of the amounts then owed
  and due to each of them in respect of such obligation, whether received by
  voluntary payment, by realization upon security, by the exercise of the right
  of set-off or bankers lien, by counterclaim or cross action, under or pursuant
  to this Agreement, the Notes or otherwise. Each of the Banks agrees that if it
  should receive any payment on its Notes of a sum or sums in excess of its pro
  rata portion, then the Bank receiving such excess payment shall purchase for
  cash from the other Banks an interest in the Notes of such Banks in such
  amount as shall result in a ratable participation by each of the Banks in the
  aggregate unpaid amount of all outstanding Notes then held by all of the
  Banks. If all or any portion of such excess payment is thereafter recovered
  from such Bank, such purchase shall be rescinded and the purchase price
  restored to the extent of such recovery, but without interest. 

  9.15 Designation. (a) Notwithstanding anything to
  the contrary contained herein, any Bank (a "Designating Bank") may grant to
  one or more special purpose funding vehicles (each, an "SPV"), identified as
  such in writing from time to time by the Designating Bank to the Agent and the
  Company, the option to provide to the Company all or any part of any Loan that
  such Designating Bank would otherwise be obligated to make to the Company
  pursuant to this Agreement; provided that (i) nothing herein shall constitute
  a commitment by any SPV to make any Loan, (ii) if an SPV elects not to
  exercise such option or otherwise fails to provide all or any part of such
  Loan, the Designating Bank shall be obligated to make such Loan pursuant to
  the terms hereof and (iii) the Designating Bank shall remain liable for any
  indemnity or other payment obligation with respect to its Commitment
  hereunder. The making of a Loan by an SPV hereunder shall utilize the
  Commitment of the Designating Bank to the same extent, and as if, such Loan
  were made by such Designating Bank. 

  (b) As to any Loans or portion thereof made by it, each SPV shall have all
  the rights that a Bank making such Loans or portion thereof would have had
  under this Agreement; provided, however, that each SPV shall have granted to
  its Designating Bank an irrevocable power of attorney to deliver and receive
  all communications and notices under this Agreement (and any other Loan
  Document) and to exercise on such SPV's behalf, all of such SPV's
  voting rights under this Agreement. No additional Note shall be required to
  evidence the Loans or portion thereof made by an SPV, and the related
  Designating Bank shall be deemed to hold its Notes, if any, as agent for such
  SPV to the extent of the Loans or portion thereof funded by such SPV. In
  addition, any payments for the account of any SPV shall be paid to its
  Designating Bank as agent for such SPV.

  

  (c) Each party hereto hereby agrees that no SPV shall be liable for any
  indemnity or payment under this Agreement for which a Bank would otherwise be
  liable. In furtherance of the foregoing, each party hereto hereby agrees
  (which agreements shall survive the termination of this Agreement) that, prior
  to the date that is one year and one day after the payment in full of all
  outstanding commercial paper or other senior indebtedness of any SPV, it will
  not institute against, or join any other person in instituting against, such
  SPV any bankruptcy, reorganization, arrangement, insolvency or liquidation
  proceedings under the laws of the United States or any State thereof.

  42 

  

  (d) In addition, notwithstanding anything to the contrary contained in this
  section 9.15 or otherwise in this Agreement, any SPV may (i) at any time and without
  paying any processing fee therefor, assign or participate all or a portion of
  its interest in any Loans to the Designating Bank or to any financial
  institutions providing liquidity and/or credit support to or for the account
  of such SPV to support the funding or maintenance of Loans and (ii) disclose
  on a confidential basis any non-public information relating to its Loans to
  any rating agency, commercial paper dealer or provider of any surety,
  guarantee or credit or liquidity enhancements to such SPV. This section 9.15 may not
  be amended without the written consent of any Designating Bank affected
  thereby.

  (The remainder of this page has been intentionally left
  blank.)

  43

  IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of
  this Agreement to be duly executed and delivered as of the date first above
  written.

  	
  ATTEST 	
        
 ALLTEL CORPORATION

   

   

   

  By: /s/ Francis X. Frantz                                                            
  By: /s/Scott
  Ford 

  Title: Secretary                                                               
  Title: President and COO

  (Corporate Seal)

  Address:

  ALLTEL Corporation

  One Allied Drive

  Little Rock, Arkansas 72203

  Attention: Treasurer

  Telephone: 501/905-7822

  Telecopy: 501/905-5095

   

   

   

   

   

   

  BANK OF AMERICA, N.A., in its capacity as Administrative Agent and in its
  individual capacity as a
  Bank

  Notice Office:

                                                                         
  By: /s/ Todd Shipley 

  Bank of America, N.A.                                                      
  Title: Managing Director

  Communications Finance Group

  901 Main Street, 64th Floor

  Dallas, Texas 75202

  Attention: Mr. Todd Shipley

  Managing Director

  Telephone: 214-209-1078

  Telecopy: 214-209-9390

  Wire Instructions:

  Bank of America, N.A.

  Dallas, Texas

  ABA No.: 111000012

  Acct #: 1292000883

  Attention: Corporate Credit Support

  Reference: Alltel Corp

   

  Admin Contact Info:

  Ruth De La Garza

  Telephone: 214-209-0989

  Telecopy: 214-209-2118

   

   

   

   

   

   

   

   

   

   

   

   

  KEYBANK NATIONAL ASSOCIATION, in its capacity as a Co-Syndication Agent and
  in its individual capacity as a
  Bank

  Notice Office:

  KeyBank National Association                                
  By: /s/Frank J. Jancar
  

  127 Public Square                                                
  Title: Vice President

  OH-01-27-0606

  Cleveland, Ohio 44114

  Attention: Frank J. Jancar

  Telephone: 216-689-4442

  Telecopy: 216-689-4981

  Wire Instructions:

  KeyBank National Association

  127 Public Square

  Cleveland, Ohio 44114-1306

  ABA No.: 041-001-039

  Attention: Specialty Loan Services

  Reference: Alltel Corporation

   

   

   

   

   

   

   

   

   

   

   

  THE CHASE MANHATTAN BANK, in its capacity as a Co-Syndication Agent and in
  its individual capacity as a
  Bank

  Notice Office:

  The Chase Manhattan Bank

  270 Park Avenue                                            
  By: /s/ Dennis R. Wilczek 

  36th Floor                                                    
  Title: Vice President

  New York, New York 10017

  Attention: Dennis Wilczek

  Telephone: 212-270-3459

  Telecopy: 212-270-4584

  Wire Instructions:

  The Chase Manhattan Bank

  New York, New York

  Credit: Commercial Loan Operations IOS #9420

  ABA No.: 021000021

  Reference: Alltel Corp. Commercial Loan Account

   

   

   

   

   

   

   

   

  FIRST UNION NATIONAL BANK, in its individual capacity as a
  Bank

  Notice Office:

  First Union National Bank                                  
  By: /s/ Brand Hosford 

  301 S. College Street, DC-5                                    
  Title: Vice President

  Charlotte, North Carolina 28288-0760

  Attention: Brand Hosford

  Telephone: 704-374-6355

  Telecopy: 704-374-4793

  Wire Instructions:

  First Union National Bank

  Charlotte, North Carolina

  ABA No.: 053000219

  Acct No.: 1459168117011

  Attention: Jon Laska

  Reference: Alltel

   
  

   
  

   
  

   
  

   
  

   
  

  PNC BANK, NATIONAL ASSOCIATION, in its individual capacity as a Bank
  

  Notice Office:

  PNC Bank, National Association                                
  By: /s/ Steven J. McGehrin
  

  Communications Banking Division                                    
  Title: Vice President

  21st Floor, MS F2-FO70-21-1

  1600 Market Street

  Philadelphia, Pennsylvania 19103

  Attention: Steven J. McGehrin

  Vice President

  Telephone: 215-585-6269

  Telecopy: 215-585-6680

  Wire Instructions:

  PNC Bank, N.A. (Pittsburgh, PA)

  ABA No.: 043000096

  Credit: Account No.: 196030010890

  Attention: Commercial Loan Operations

  Reference: Alltel Corporation

   

   

   

   

   

   

  SUNTRUST BANK, in its individual capacity as a
  Bank

  Notice Office:

  SunTrust Bank                                                
  By: /s/ W. David Wisdom 

  200 South Orange Avenue                                        
  Title: Vice President

  M/C 1109

  Orlando, Florida 32806

  Attention: Kimberly Evans

  Telephone: 407-237-4311

  Telecopy: 407-237-5126

  Wire Instructions:

  SunTrust Bank

  ABA No.: 063102152

  Credit Wire Clearing Account No. 9215004320

  Attention: Debbie Torres

  Reference: Alltel

   
  

   
  

   
  

   
  

   
  

   
  

   
  

   
  

   
  

  CITIBANK, N.A., in its capacity as a Co-Syndication Agent and in its
  individual capacity as a Bank
  

  Notice Office:

  Citibank, N.A.                                                
  By: /s/ Elizabeth H. Minnella 

  388 Greenwich Street                                            
  Title: Vice President

  21st Floor

  New York, NY 10013

  Attention: Elizabeth H. Minnella

  Vice President

  Telephone: 212-816-8424

  Telecopy: 212-816-8063

  Wire Instructions:

  Citibank, N.A.

  ABA No.: 021000089

  Account No.:40580089

  Reference: Alltel Corp.

   

   

   

   

   

  NATIONAL CITY BANK, in its individual capacity as a
  Bank

  Notice Office:

  National City Bank                                            
  By: /s/ Jeffrey L. Hawthorne 

  155 East Broad Street                                            
  Title: Senior Vice President

  Columbus, Ohio 43251-0019

  Attention: Jeffrey L. Hawthorne

  Telephone: 614-463-7298

  Telecopy: 614-463-7172

  Wire Instructions:

  National City Bank

  155 East Broad Street

  Columbus, Ohio 43251-0019

  ABA No.: 041000124

  Credit: Loan Suspense Account No. 151804

  Attention: Commercial Loan Operations

  Reference: Alltel Corporation

   
  

   
  

   
  

   
  

   
  

   
  

   
  

  MELLON BANK, N.A., in its individual capacity as a Bank
  

  Notice Office:

  500 Grant Street                                            
  By: /s/ Raghunatha Reddy 

  Room 0370, IMBC                                                
  Title: Lending Officer

  Pittsburgh, PA 15258

  Attention: Raghunatha Reddy

  Lending Officer

  Telephone: 412-234-6460

  Telecopy: 412-234-6375

  Wire Instructions:

  Mellon Bank, N.A.

  Pittsburgh, PA

  ABA No.: 043000261

  Account No.:990873800

  Attention: Daria Armen

  Reference: Alltel Corporation

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}]]