Document:

Indemnification Agreement

  EXHIBIT 10.6
 INDEMNIFICATION
AGREEMENT
 This INDEMNIFICATION AGREEMENT (the “Agreement”) is effective as of __________, 2003,
by and between PracticeWorks, Inc., a Delaware Corporation (the “Corporation”), and _______________________ (the “Indemnitee”).
 WHEREAS, the Indemnitee currently serves as a director, officer, or both [or as an agent, employee or legal representative] of the Corporation or of a subsidiary or division of the Corporation, and in such capacity is
performing a valuable service; and
 WHEREAS, the parties, in accordance with the Corporation’s Bylaws, believe it appropriate
to memorialize and reaffirm the Corporation’s indemnification obligation to Indemnitee and, in addition, set forth the indemnification agreements contained herein;
 WHEREAS, in order to induce the Indemnitee to continue to serve, the Corporation has determined and agreed to enter into this Agreement with the Indemnitee;
 WHEREAS, in order to induce the Corporation to extend the indemnity provided herein and to advance defense costs, including attorneys’ fees,
Indemnitee has agreed to execute an undertaking, in the form attached as Exhibit “A,” that he or she has acted in good faith and in a manner reasonably believed to be in or not opposed to the best interests of the Corporation with respect
to each matter or claim for which he or she seeks indemnity under the Agreement or otherwise and, with respect to criminal action or proceeding, that he or she had no reasonable cause to believe his or her conduct violated applicable law;

NOW, THEREFORE, in consideration of the mutual promises stated herein and Indemnitee’s continued service on behalf of the Corporation
after the date hereof, the parties agree as follows:
 1.             Indemnification.
 (a)    Indemnity;
Indemnifiable Liabilities. The Corporation agrees, provided the applicable standards of conduct under Section 1(b) below are met, and except as set forth in Section 1(c) below, to indemnify and hold harmless Indemnitee to the
fullest extent permitted by applicable law against all expenses, liability and loss (including attorneys’ fees and disbursements, judgments, penalties, fines, settlements or other reasonable expenses, including but not limited to court costs
and expert witness fees) (collectively, “Indemnifiable Liabilities”) actually incurred or suffered by Indemnitee in connection with any threatened, pending or completed investigation, claim, action, suit, or proceeding, whether civil,
criminal, administrative or investigative and whether formal or informal, including, but not limited to, any derivative action or suit by or in the name of the Corporation (collectively, “Indemnifiable Claim”), with respect to which
Indemnitee is a party or threatened to be made a party or is otherwise involved by reason of the fact that Indemnitee is or was serving as a director or officer of the Corporation, or is or was a director, officer, trustee, member stockholder,
partner, incorporator or liquidator of any parent, subsidiary or division of the Corporation, or is or was serving at the request of the Corporation as a director, officer, member, partner, stockholder, trustee, 
 
 

  fiduciary, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan, or other
enterprise.
 (b)    Applicable Standard for Indemnification. The Corporation’s obligation of indemnification hereunder is conditioned upon the Indemnitee having acted, with respect to the circumstance under which the obligation for indemnification would arise, in good faith and in a manner the
Indemnitee reasonably believed to be in or not opposed to the best interests of the Corporation, and if the obligation relates to a criminal action or proceeding the Indemnitee had no reasonable cause to believe his or her conduct was
unlawful.
 (c)    Limitation With Respect to Certain Actions. The Corporation is not obligated to provide indemnification under this Agreement (including payment or reimbursement of expenses) with respect to proceedings (or part thereof) initiated by the Indemnitee, except for proceedings to enforce
rights under this Agreement.
 (d)    Subsequent Change in Law,
Etc. No change in the Corporation’s Certificate of Incorporation or Bylaws or applicable law subsequent to the date first above written shall have the effect of limiting or eliminating the indemnification available under
this Agreement as to any act, omission, or capacity for which this Agreement provides indemnification. If any change after the date of this Agreement in any applicable law, statute, or rule expands the power of the Corporation to indemnify the
Indemnitee, such change shall expand, to the extent of the change in the applicable law, statute or rule, Indemnitee’s rights and the Corporation’s obligations under this Agreement. If any change in any applicable law, statute, or rule
narrows the right of the Corporation to indemnify the Indemnitee, such change shall have no effect on this Agreement or the parties’ rights and obligations hereunder, unless and until a final decision of a court bars or restricts such
indemnity.
 (e)    Subrogation. In the event of any
payment under this Agreement and to the extent of such payment, the Corporation shall be entitled for itself, by way of subrogation, to all of the rights of recovery of the Indemnitee, who shall execute all papers reasonably required and shall take
any actions reasonably necessary to secure such rights to enable the Corporation effectively to bring suit to enforce such rights.
 2.             Assumption of Defense and Payment of Interim Expenses.
 (a)    Notice of Claims. In the event that any Indemnifiable Claim is asserted against Indemnitee by a third
party, Indemnitee shall promptly notify the Corporation of such claim, specifying the nature of such claim or demand and the amount or the estimated amount thereof to the extent then feasible (which estimate shall not be conclusive of the final
amount of such claim and demand) (the “Claim Notice”). Copies of any written demand, summons, complaint, and related documents received as part of the Indemnifiable Claim shall be attached to the Claim Notice. The Corporation shall then
have fifteen (15) working days from its receipt of the Claim Notice (the “Notice 
 

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  Period”) to notify the Indemnitee whether or not the Corporation desires, at its sole cost and expense, to defend the Indemnitee
against such claim. A failure to provide prompt and timely notice of an Indemnifiable Claim shall not bar the Indemnitee’s claim for indemnity except to the extent the Corporation’s rights are materially prejudiced by the failure to
provide prompt and timely notice.
 (b)    Defense by
Corporation. In the event that the Corporation notifies the Indemnitee within the Notice Period that it desires to defend the Indemnitee against such claim, then, except as hereinafter provided, the Corporation shall have the
right promptly to settle or continue to litigate the claim to a final conclusion, including exhaustion of any appeals, in such a manner as to avoid any risk of Indemnitee becoming subject to liability for any other matter; provided, however, the
Corporation shall not, without the prior written consent of Indemnitee, consent to the entry of any judgment against Indemnitee or enter into any settlement or compromise which does not include an unconditional, complete release of Indemnitee, in
form and substance reasonably satisfactory to Indemnitee, from all monetary liability arising out of the Indemnifiable Claims. If Indemnitee desires to participate in, but not control, any such defense or settlement, Indemnitee may do so at
Indemnitee’s sole cost and expense. The Indemnitee shall give the Corporation such information and cooperation as it may reasonably require and that shall be within Indemnitee’s power to provide.
 (c)    Interim Expenses. In the event defense counsel assigned by the Corporation recommends
that Indemnitee should retain separate counsel, the Corporation agrees to pay for or reimburse all expenses (including attorneys’ fees and expenses) actually and reasonably incurred by Indemnitee in connection with any Indemnifiable Claim, in
advance of the final disposition thereof, and without requiring security, in accordance with Section 3(b) hereof and to the fullest extent permitted by applicable law.
 (d)     Failure by Corporation to Defend. If, after receipt of the Claim Notice, the Corporation fails to defend
the Indemnitee against such claim or to reimburse Interim Expenses, and if the Indemnitee’s defense of the claim is successful in whole or in part, then 100% of the costs of defense incurred by the Indemnitee shall be reimbursed by the
Corporation. Any portion of the liability of Indemnitee as to which such defense is unsuccessful shall be conclusively deemed to be a liability of the Corporation, unless a determination is made in accordance with Section 4 that indemnification for
such liability is not permissible. For purposes of this paragraph, a successful defense shall include any settlement, dismissal with or without prejudice, or other resolution of the claim without an adjudication of liability.
 3.             Timing of Payments.
 (a)    Indemnifiable Liabilities. Payments of any Indemnifiable
Liabilities incurred by Indemnitee pursuant to Section 1 hereof shall be made no later than fifteen (15) working days after a request for payment, supported by appropriate evidence of such liability, has been received by the Corporation.

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  (b)    Interim Expenses.
Payments of Interim Expenses to which Indemnitee is entitled pursuant to Section 2 hereof shall be made no later than fifteen (15) working days after receipt by the Corporation of a written affirmation by Indemnitee of his or her good faith belief
that he or she is entitled to be indemnified by the Corporation for such Interim Expenses, accompanied by written evidence, such as invoices or receipts, showing the amount and confirming that the expense is currently due or has been paid by
Indemnitee.
 (c)    Repayment Undertaking. The
Corporation’s obligations set forth herein with respect to any Indemnifiable Claim are contingent upon Indemnitee’s promptly executing a written undertaking, in the form attached as Exhibit A, with respect to such Indemnifiable Claim,
agreeing to repay the full amount of any expenses advanced hereunder if it ultimately is determined that Indemnitee is not entitled to be indemnified by the Corporation for such amounts under the terms of this Agreement and applicable
law.
 (d)    Duplicate Payments. Payment by the
Corporation of Interim Expenses and Indemnifiable Liabilities shall not be delayed pending resolution of claims for insurance proceeds under Section 6 or claims against third parties, provided, however, that consistent with the subrogation
provisions of Section 1(e) above, Indemnitee shall not be entitled to more than one payment for the same Indemnifiable Liabilities and Interim Expenses and that Indemnitee shall immediately remit any duplicate payments of such Expenses received from
any other source to the Corporation.
 4.             Determination of
Entitlement to Continuing Indemnification.
 (a)    New Evidence/Pro-Rata Indemnification. If, as a result of amended pleadings or newly discovered evidence, full indemnification provided herein is no longer available under applicable law and may not be paid to the
Indemnitee because it is determined that the pending matter includes one or more claims that are not indemnifiable in accordance with the basis for indemnity set forth in paragraph 1(a) above, then the Corporation shall continue to contribute to the
amount of expenses, judgments, fines and settlements paid or payable by Indemnitee, but only in such proportion as is appropriate to reflect an appropriate pro-rata allocation between Indemnifiable Liabilities, as set forth in paragraphs 1(a) and
(b) above, and those liabilities, including defense costs and expenses, that are not indemnifiable. In allocating defense costs and liabilities among indemnifiable and non-indemnifiable claims, the Corporation shall consider (1) the relative
benefits received by the Corporation (or other liable parties) on the one hand and Indemnitee on the other hand from the transaction from which the non-indemnifiable claim arose, and (2) the relative fault of the Corporation (or other liable
parties) on the one hand and of Indemnitee on the other in connection with the events that resulted in such expenses, judgments, fines, or settlement amounts, as well as any other relevant, equitable considerations. The relative fault of the
Indemnitee shall be determined by reference to, among other things, the parties’ intent, knowledge, access to information, and opportunity to correct or to prevent the 
 

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  circumstances resulting in such expenses, judgments, fines, or settlement amounts. The Corporation agrees that it would not be just and
equitable if the amount of indemnity allowable pursuant to this Section 4(a) were determined by any method of allocation that does not take into account the foregoing equitable considerations.
 (b)    Notice and Dispute Resolution. The Corporation shall provide prompt written notice
(the “Notice”) to Indemnitee of any decision to terminate or reduce the amount of indemnity payments. Indemnitee will have 10 days following receipt of the Notice to file a written appeal with the Corporation contesting the decision to
deny indemnity and 30 days from receipt of the Notice to present evidence showing that the acts in controversy are indemnifiable, because they were undertaken in the reasonable belief of their legality and that they were in the best interests of the
Corporation. The Corporation shall promptly review any additional evidence submitted and issue a final, written determination advising whether or not continuing indemnity will be provided and any restrictions or limitations thereon. If the
determination is that continuing indemnity will be terminated or reduced, then no later than 10 days after receipt of that decision, Indemnitee may request review by the Corporation or request non-binding mediation by an independent, third party
mediator selected in accordance with procedures established by a recognized entity, such as JAMS or the American Arbitration Association, providing such services at Indemnitee’s place of residence or other mutually agreeable location to assist
in resolving this matter. The costs of such mediation will be borne equally by the Corporation and Indemnitee. All review proceedings and determinations under this Section shall be deemed confidential and protected from public disclosure by the
joint interest privilege.
 5.             Continuation of Payments and
Judicial Review. If, in accordance with the provisions of Section 4, Indemnitee timely appeals a decision to deny indemnity, then the Corporation shall continue to provide indemnity until the end of the appeals process,
including any non-binding mediation, if elected, unless the Corporation’s indemnity obligation is terminated earlier by court order. Nothing stated herein shall prevent the parties from settling any dispute by mutual agreement at any time, and
either party may, at any time, commence a civil action in a court of competent jurisdiction to obtain judicial review of any decision regarding indemnity; provided, however, that commencement of a judicial proceeding by Indemnitee shall be deemed to
end the appeals process and shall constitute a waiver of any further internal review of an indemnity decision made in accordance with Section 4. If a court orders payment of indemnification or advances for expenses to an Indemnitee pursuant to this
Section, Indemnitee also shall be entitled to recover the expenses, including reasonable attorneys’ fees, incurred in obtaining the court-ordered payments.
 6.             Insurance.
 (a)    The Corporation will use all reasonable endeavors to obtain and maintain in full force and effect and to the extent such coverage is available in the market at a cost not
significantly higher than the cost of current policies (adjusted for any extensions of coverage reasonably required because of growth of the Corporation’s business or 
 

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  acquisitions by the Corporation of additional businesses), insurance coverage for claims arising in connection with Indemnitee’s
acts or omissions in his or her capacity as a director or officer or other agent of the Corporation or a subsidiary or affiliate for purposes of the indemnity provided under Section 1, provided that if the cost of similar coverage rises
significantly, then the Corporation shall use reasonable endeavors otherwise consistent hereunder to secure as much coverage as it reasonably can for a cost similar to that of current policies, adjusted as provided above. Indemnitee agrees not to do
or permit to be done anything that prejudices the insurance coverage provided and will immediately rectify anything within Indemnitee’s control that might prejudice rights to such insurance coverage. Indemnitee will immediately inform the
Corporation on becoming aware of any act or omission that could prejudice the insurance coverage; and Indemnitee, if an officer or director of the Corporation, further agrees within a reasonable time in advance of renewal of the insurance and upon
the written request of the Corporation to disclose to the Corporation every matter that Indemnitee knows or could reasonably be expected to know that is relevant to the insurance carrier’s decision to accept the risk of insurance and on what
terms.
 (b)    Subject to the terms, conditions, and restrictions of Section
6(a) above, the Corporation shall use all reasonable endeavors to maintain such insurance for the longer of (i) the period of the applicable statute of limitations for any possible claim or threatened, pending, or completed action, suit, or
proceeding, whether civil, criminal, or investigative, against Indemnitee by reason of the fact that Indemnitee served on behalf of the Corporation in any capacity entitled to indemnity under this Agreement; and (ii) seven (7) years from the last
day on which Indemnitee serves on behalf of the Corporation in such a capacity. Provided, however, that the Corporation may, consistent with the provisions of Section 6(a), substitute policies providing at least the same coverage amounts and
containing terms and conditions that are not materially less advantageous to Indemnitee than the policy or policies in effect when Indemnitee ceased serving the Corporation in a capacity entitled to indemnity under this Agreement.
 (c)    The Corporation agrees not to do or permit to be done anything that prejudices or
renders any part of the insurance coverage void, voidable, or unenforceable, and will immediately rectify anything reasonably in its control that might render the insurance void, voidable, or unenforceable or prejudice any recovery thereunder. For
example, in any situation when the aggregate limit of liability of any existing policy is exhausted, the Company shall exercise any and all rights to reinstate such policy’s limit to the full extent allowed so that there is maximum coverage at
all times. In any case in which the Corporation is jointly or concurrently insured for such liability, the Corporation hereby assigns first priority in recovery of the proceeds of such insurance, up to policy limits, to Indemnitee; provided that if
more than one natural person is entitled to claim indemnity from the Corporation under its bylaws and applicable law, if such indemnity claim is insured, and if the aggregate amount available from the insurance does not fully cover the
Corporation’s indemnity obligations, the amount to be paid by available insurance will be allocated among the indemnitees in accordance with the equitable principles set forth in Section 4. 
 

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  (d)    If requested, the Corporation agrees to provide
Indemnitee with a certificate of insurance once in every 12 month period and within 30 days after issuance of such certificate and to make the policy, if any, providing coverage for an Indemnifiable Claim available for inspection, upon reasonable
notice, at the Corporation’s principal place of business during normal business hours, except when such disclosure would breach the terms of the policy. The Corporation will notify Indemnitee if, for any reason, the insurance required by this
Section 6 is cancelled or not renewed and substitute coverage is not obtained, as set forth in Section 6(a).
 7.             Continuation of Obligations. All agreements and obligations of the Corporation contained herein shall continue during
the period Indemnitee is a director or officer, [or insert name/title of indemnifiable capacity] (or is now or in the future serving at the request of the Corporation as a director, officer, partner, trustee, fiduciary, employee or agent of another
corporation, partnership, joint venture, trust, employee benefit plan or other enterprise of the Corporation that is currently or becomes an Insured or Insured Organization). Subject to the provisions of Sections 6 and 8, such obligations and
agreements shall continue thereafter for so long as Indemnitee shall be subject to any possible claim or threatened, pending or completed action, suit or proceeding, whether civil, criminal or investigative, by reason of the fact that Indemnitee was
serving in any such capacity on behalf of the Corporation.
 8.             Successors. This Agreement establishes contract rights which shall be binding upon, and shall inure to the benefit of, the successors, assigns, heirs, and legal representatives of the parties hereto, including, with
respect to the Corporation, any subsidiary Corporation or affiliate or joint venture 50% or more owned by the Corporation and any successor to such entity.
 9.             Contract Rights Not Exclusive. The contract rights conferred by this Agreement shall be in addition to, but not
exclusive of, any other right which Indemnitee may have or may hereafter acquire under any statute, provision of the Corporation’s Certificate of Incorporation or Bylaws, agreement, vote of stockholders or disinterested directors, or
otherwise.
 10.           Notices. Notices to the
Corporation shall be directed to PracticeWorks, Inc., 1765 The Exchange, Suite 200, Atlanta, GA 30339, Attn.: President, facsimile (770) 850-5011 (or such other address as the Corporation shall designate in writing to Indemnitee). Notices to
Indemnitee shall be addressed as provided below under Indemnitee’s signature (or such other address as the Indemnitee shall designate in writing to Corporation). Notice shall be deemed received when delivered, if sent by fax, hand delivery
courier, overnight mail, or certified mail, return receipt requested, properly addressed as set forth above. In addition, Indemnitee shall give the Corporation such information and cooperation as it may reasonably require and as shall be within
Indemnitee’s power to provide.
 11.           Severability. Should any provision of this Agreement, or any clause thereof, be held to be invalid, illegal, or unenforceable, in whole or in part, the remaining provisions and clauses of this Agreement shall remain fully enforceable and binding on the
parties.
 

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  12.           Prior Agreement. This
Agreement replaces any prior written agreement of indemnity between the parties, subject to Section 9 above, and any such prior written agreement shall be of no further force or effect.
 13.           Modification and Waiver. No supplement, modification, or amendment of this Agreement shall be binding
unless executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed to constitute a waiver of any other provisions hereof (whether or not similar), nor shall any such waiver constitute a continuing
waiver.
 14.           Choice of Law. Jurisdiction and
venue over any dispute shall be in Georgia; and the validity, interpretation, performance and enforcement of this Agreement shall be governed by Delaware law.
 IN WITNESS
WHEREOF, the parties have executed this Agreement.
  

	 INDEMNITEE
 	  
 
	  
 	  
 
	 
 	  
 
	 Name:
 	  
 	  
 
	  
 	 
 	  
 
	  
 	  
 	  
 
	 Address:
 	  
 	  
 
	  
 	 
 	  
 
	  
 	  
 	  
 
	  
 	 
 	  
 
	  
 	  
 	  
 
	  
 	 
 	  
 

  

	 PRACTICEWORKS, INC.
 	  
 	  
 
	 
 By: 
 	 
 
 
 	  
 	  
 	 
 
 
 
	  
 	 
 	  
 	  
 	  
 
	  
 	 Name:
 	  
 	  
 	  
 	  
 
	  
 	  
 	 
 	  
 	  
 	  
 
	  
 	 Title:
 	  
 	  
 	  
 	  
 
	  
 	  
 	 
 	  
 	  
 	  
 

  
 

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  DRAFT: CONFIDENTIAL ATTORNEY-CLIENT DOCUMENT
 EXHIBIT A

[Date]
 PracticeWorks, Inc.
1765 The Exchange
Suite 200
Atlanta, GA 30339
Attention: President
 Re:               [Describe Indemnifiable Claim]
 Dear ____________:
 I understand that the Board of Directors of PracticeWorks, Inc. (the “Corporation”), has authorized
the Corporation to enter into an Indemnification Agreement setting forth the circumstances under which the potential liability I may incur as a defendant in the referenced case, as well as my expenses in that matter, including reasonable
attorneys’ fees, will be reimbursed or advanced on my behalf during the course of the litigation. This indemnity arrangement with respect to the above claim is contingent upon my execution of this letter containing the certifications and
undertakings stated below. I further understand that the authorization to advance defense costs on my behalf may be modified or revoked in accordance with Section 4 of the Indemnification Agreement, if any of the representations and undertakings set
forth in this letter are no longer valid.
 Based on the foregoing, I hereby represent and warrant that I reasonably believed that all of my activities and
dealings with [insert name of plaintiff/ claimant] were carried out in good faith and in a manner that I believed to be in the best interests of PracticeWorks, Inc. and [insert
name of covered affiliate with which you are associated, if not PracticeWorks, Inc.]. I further certify that I had and have no reasonable cause to believe that my conduct violated applicable law. 
 If it is subsequently determined in accordance with Section 4 of the Indemnification Agreement that I did not act in good faith; that I did not act in a manner I believed to be in
the best interests of PracticeWorks and [insert name]; or that I had reasonable cause to believe that my actions were unlawful; and if the defense of my conduct in the referenced case is not successful
on the merits and liability is imposed against me individually or against [insert name of corporate defendant] on account of my actions, then I hereby undertake to repay in full, promptly upon demand,
any amount spent or advanced on my behalf by the Corporation with respect to this matter. 
 

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  I certify that I have had an adequate opportunity to review this letter and the accompanying Indemnification Agreement and to consult
with independent legal counsel of my choice regarding their contents, and I agree to the provisions of this letter and the undertakings set forth above as my own free act and deed.
  

	  
 	  
 	  
 	 Sincerely yours,
 
	 
 
 
 	  
 	  
 	 
 
 
 
	  
 	  
 	  
 	 
 
	  
 	  
 	  
 	 Dated: ____________
 Indemnitee
 

  
 

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  Schedule of Parties 
 The following
directors of PracticeWorks, Inc. have entered into an indemnification agreement in the same form as this exhibit.
  

	 Richard E. Perlman
 	  
 	 Dated as of
 February 4, 2003
 	  
 
	 James K. Price
 	  
 	 Dated as of
 February 4, 2003
 	  
 
	 James A. Cochran
 	  
 	 Dated as of
 February 4, 2003
 	  
 
	 James C. Davis
 	  
 	 Dated as of
 February 4, 2003
 	  
 
	 Raymond H. Welsh
 	  
 	 Dated as of
 February 10, 2003
 	  
 
	 William R. Jellison
	 	Dated as of
 February 10, 2003	 
	 J. Thomas Presby
 	  
 	 Dated as of
 February 4, 2003
 	  
 

 

11Credit Agreement

Table of Contents

 EXHIBIT 10.11
 
 CREDIT
AGREEMENT
  Dated as of December 23, 2002
  among
  PRACTICEWORKS, INC.,
as the Borrower,
  THE SUBSIDIARIES OF THE BORROWER IDENTIFIED HEREIN,
as the Guarantors,
  BANK OF AMERICA, N.A.,
as Administrative Agent, Swing Line Lender and L/C Issuer,
  and
  The Other Lenders Party Hereto
  Arranged By:
  BANC OF AMERICA SECURITIES LLC,

as Sole Lead Arranger and Sole Book Manager
 

Table of Contents

  TABLE OF CONTENTS

	  
ARTICLE I  DEFINITIONS AND ACCOUNTING TERMS
 	  1
 
	  
 	  1.01
 	  
Defined Terms
 	  1
 
	  
 	  1.02
 	  
Other Interpretive Provisions
 	  23
 
	  
 	  1.03
 	  
Accounting Terms
 	  24
 
	  
 	 1.04
 	  
Rounding
 	  24
 
	  
 	  1.05
 	  
References to Agreements and Laws
 	  24
 
	  
 	  1.06
 	  
Times of Day
 	  25
 
	  
 	  1.07
 	  
Letter of Credit Amounts
 	  25
 
	  
 	  1.08
 	  
Exchange Rates; Currency Equivalents
 	  25
 
	  
 	 1.09
 	  
Additional Alternative Currencies
 	  25
 
	  
 	  1.10
 	  
Redenomination of Certain Alternative Currencies
 	  26
 
	  
ARTICLE II  THE COMMITMENTS AND CREDIT EXTENSIONS
 	  26
 
	  
 	  2.01
 	  
Revolving Loans and Term Loan
 	  26
 
	  
 	  2.02
 	  
Borrowings, Conversions and Continuations of Loans
 	  27
 
	  
 	 2.03
 	  
Letters of Credit
 	  28
 
	  
 	  2.04
 	  
Swing Line Loans
 	  35
 
	  
 	  2.05
 	  
Prepayments
 	  37
 
	  
 	  2.06
 	  
Termination or Reduction of Aggregate Revolving Commitments
 	  39
 
	  
 	  2.07
 	  
Repayment of Loans
 	  40
 
	  
 	 2.08
 	  
Interest
 	  40
 
	  
 	  2.09
 	  
Fees
 	  41
 
	  
 	  2.10
 	  
Computation of Interest and Fees
 	  41
 
	  
 	  2.11
 	  
Evidence of Debt
 	  42
 
	  
 	  2.12
 	  
Payments Generally
 	  42
 
	  
 	 2.13
 	  
Sharing of Payments
 	  44
 
	  
ARTICLE III  TAXES, YIELD PROTECTION AND ILLEGALITY
 	  44
 
	  
 	  3.01
 	  
Taxes
 	  44
 
	  
 	  3.02
 	  
Illegality
 	  46
 
	  
 	  3.03
 	  
Inability to Determine Rates
 	  46
 
	  
 	 3.04
 	  
Increased Cost and Reduced Return; Capital Adequacy
 	  47
 
	  
 	  3.05
 	  
Funding Losses
 	  47
 
	  
 	  3.06
 	  
Matters Applicable to all Requests for Compensation
 	  48
 
	  
 	  3.07
 	  
Survival
 	  48
 
	  
ARTICLE IV GUARANTY
 	  48
 
	  
 	 4.01
 	  
The Guaranty
 	  48
 
	  
 	  4.02
 	  
Obligations Unconditional
 	  49
 
	  
 	  4.03
 	  
Reinstatement
 	  50
 
	  
 	  4.04
 	  
Certain Additional Waivers
 	  50
 
	  
 	  4.05
 	  
Remedies
 	  50
 
	  
 	 4.06
 	  
Rights of Contribution
 	  50
 
	  
 	  4.07
 	  
Guarantee of Payment; Continuing Guarantee
 	  51
 
	  
ARTICLE V  CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
 	  51
 
	  
 	  5.01
 	  
Conditions of Initial Credit Extension
 	  51
 

  i

Table of Contents

	  
 	  5.02
 	  
Conditions to all Credit Extensions
 	  55
 
	 
ARTICLE VI  REPRESENTATIONS AND WARRANTIES
 	  55
 
	  
 	  6.01
 	  
Existence, Qualification and Power
 	  56
 
	  
 	  6.02
 	  
Authorization; No Contravention
 	  56
 
	  
 	  6.03
 	  
Governmental Authorization; Other Consents
 	  56
 
	  
 	  6.04
 	  
Binding Effect
 	  56
 
	  
 	 6.05
 	  
Financial Statements; No Material Adverse Effect
 	  56
 
	  
 	  6.06
 	  
Litigation
 	  57
 
	  
 	  6.07
 	  
No Default
 	  58
 
	  
 	  6.08
 	  
Ownership of Property; Liens
 	  58
 
	  
 	  6.09
 	  
Environmental Compliance
 	  58
 
	  
 	 6.10
 	  
Insurance
 	  59
 
	  
 	  6.11
 	  
Taxes
 	  59
 
	  
 	  6.12
 	  
ERISA Compliance
 	  59
 
	  
 	  6.13
 	  
Subsidiaries
 	  60
 
	  
 	  6.14
 	  
Margin Regulations; Investment Company Act; Public Utility Holding Company Act
 	  60
 
	  
 	 6.15
 	  
Disclosure
 	  60
 
	  
 	  6.16
 	  
Compliance with Laws
 	  60
 
	  
 	  6.17
 	  
Intellectual Property; Licenses, Etc.
 	  61
 
	  
 	  6.18
 	  
Solvency
 	  61
 
	  
 	  6.19
 	  
[Reserved]
 	  61
 
	  
 	 6.20
 	  
Business Locations
 	  61
 
	  
 	  6.21
 	  
Brokers’ Fees
 	  61
 
	  
 	  6.22
 	  
Labor Matters
 	  61
 
	  
ARTICLE VII  AFFIRMATIVE COVENANTS
 	  62
 
	  
 	  7.01
 	  
Financial Statements
 	  62
 
	  
 	 7.02
 	  
Certificates; Other Information
 	  63
 
	  
 	  7.03
 	  
Notices
 	  64
 
	  
 	  7.04
 	  
Payment of Obligations
 	  65
 
	  
 	  7.05
 	  
Preservation of Existence, Etc.
 	  65
 
	  
 	  7.06
 	  
Maintenance of Properties
 	  65
 
	  
 	 7.07
 	  
Maintenance of Insurance
 	  66
 
	  
 	  7.08
 	  
Compliance with Laws
 	  66
 
	  
 	  7.09
 	  
Books and Records
 	  66
 
	  
 	  7.10
 	  
Inspection Rights
 	  66
 
	  
 	  7.11
 	  
Use of Proceeds
 	  67
 
	  
 	 7.12
 	  
Additional Subsidiaries
 	  67
 
	  
 	  7.13
 	  
ERISA Compliance
 	  67
 
	  
 	  7.14
 	  
Pledged Assets
 	  67
 
	  
 	  7.15
 	  
Post-Closing Deliverables
 	  68
 
	  
 	  7.16
 	  
Interest Rate Protection Agreements
 	  69
 
	 
ARTICLE VIII  NEGATIVE COVENANTS
 	  69
 
	  
 	  8.01
 	  
Liens
 	  69
 
	  
 	  8.02
 	  
Investments
 	  71
 
	  
 	  8.03
 	  
Indebtedness
 	  71
 

  ii

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 	  8.04
 	  
Fundamental Changes
 	  72
 
	  
 	 8.05
 	  
Dispositions
 	  72
 
	  
 	  8.06
 	  
Restricted Payments
 	  73
 
	  
 	  8.07
 	  
Change in Nature of Business
 	  73
 
	  
 	  8.08
 	  
Transactions with Affiliates and Insiders
 	  73
 
	  
 	  8.09
 	  
Burdensome Agreements
 	  73
 
	  
 	 8.10
 	  
Use of Proceeds
 	  74
 
	  
 	  8.11
 	  
Financial Covenants
 	  74
 
	  
 	  8.12
 	  
Prepayment of Other Indebtedness, Etc.
 	  75
 
	  
 	  8.13
 	  
Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity
 	  75
 
	  
 	  8.14
 	  
Ownership of Subsidiaries
 	  75
 
	  
 	 8.15
 	  
Sale Leasebacks
 	  75
 
	  
ARTICLE IX  EVENTS OF DEFAULT AND REMEDIES
 	  76
 
	  
 	  9.01
 	  
Events of Default
 	  76
 
	  
 	  9.02
 	  
Remedies Upon Event of Default
 	  78
 
	  
 	  9.03
 	  
Application of Funds
 	  78
 
	 
ARTICLE X  ADMINISTRATIVE AGENT
 	  79
 
	  
 	  10.01
 	  
Appointment and Authorization of Administrative Agent
 	  79
 
	  
 	  10.02
 	  
Delegation of Duties
 	  80
 
	  
 	  10.03
 	  
Liability of Administrative Agent
 	  80
 
	  
 	  10.04
 	  
Reliance by Administrative Agent
 	  80
 
	  
 	 10.05
 	  
Notice of Default
 	  81
 
	  
 	  10.06
 	  
Credit Decision; Disclosure of Information by Administrative Agent
 	  81
 
	  
 	  10.07
 	  
Indemnification of Administrative Agent
 	  81
 
	  
 	  10.08
 	  
Administrative Agent in its Individual Capacity
 	  82
 
	  
 	  10.09
 	  
Successor Administrative Agent
 	  82
 
	  
 	 10.10
 	  
Administrative Agent May File Proofs of Claim
 	  83
 
	  
 	  10.11
 	  
Collateral and Guaranty Matters
 	  83
 
	  
 	  10.12
 	  
Other Agents; Arrangers and Managers
 	  84
 
	  
ARTICLE XI  MISCELLANEOUS
 	  84
 
	  
 	  11.01
 	  
Amendments, Etc.
 	  84
 
	  
 	 11.02
 	  
Notices and Other Communications; Facsimile Copies
 	  85
 
	  
 	  11.03
 	  
No Waiver; Cumulative Remedies
 	  86
 
	  
 	  11.04
 	  
Attorney Costs, Expenses and Taxes
 	  87
 
	  
 	  11.05
 	  
Indemnification by the Borrower
 	  87
 
	  
 	  11.06
 	  
Payments Set Aside
 	  88
 
	  
 	 11.07
 	  
Successors and Assigns
 	  88
 
	  
 	  11.08
 	  
Confidentiality
 	  91
 
	  
 	  11.09
 	  
Set-off
 	  91
 
	  
 	  11.10
 	  
Interest Rate Limitation
 	  92
 
	  
 	  11.11
 	  
Counterparts
 	  92
 
	  
 	 11.12
 	  
Integration
 	  92
 
	  
 	  11.13
 	  
Survival of Representations and Warranties
 	  92
 
	  
 	  11.14
 	  
Severability
 	  92
 
	  
 	  11.15
 	  
Tax Forms
 	  93
 

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 	  11.16
 	  
Replacement of Lenders
 	  94
 
	  
 	 11.17
 	  
Governing Law
 	  95
 
	  
 	  11.18
 	  
Waiver of Right to Trial by Jury
 	  95
 
	  
 	  11.19
 	  
Judgment Currency
 	  95
 

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	  SCHEDULES
 
	  
 
	  
 	  1.01
 	  
Mandatory Cost Rate
 
	  
 	 2.01
 	  
Commitments and Pro Rata Shares
 
	  
 	  6.10
 	  
Insurance
 
	  
 	  6.13
 	  
Subsidiaries
 
	  
 	  6.17
 	  
IP Rights
 
	  
 	  6.20(a)
 	  
Locations of Real Property
 
	  
 	  6.20(b)
 	  
Locations of Tangible Personal Property
 
	  
 	  6.20(c)
 	  
Location of Chief Executive Office
 
	  
 	 8.01
 	  
Liens Existing on the Closing Date
 
	  
 	  8.02
 	  
Investments Existing on the Closing Date
 
	  
 	  8.03
 	  
Indebtedness Existing on the Closing Date
 
	  
 	  8.09
 	  
Burdensome Agreements
 
	  
 	  11.02
 	  
Eurocurrency and Domestic Lending Offices; Certain Addresses for Notices
 
	  
 	  
 	  
 
	  EXHIBITS
 
	  
 
	  
 	 A
 	  
Form of Loan Notice
 
	  
 	  B
 	  
Form of Swing Line Loan Notice
 
	  
 	  C-1
 	  
Form of Revolving Note
 
	  
 	  C-2
 	  
Form of Swing Line Note
 
	  
 	  C-3
 	  
Form of Term Note
 
	  
 	  D
 	  
Form of Compliance Certificate
 
	  
 	 E
 	 
Form of Assignment and Assumption
 
	  
 	 F
 	 
Form of Joinder Agreement
 

 v

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  CREDIT AGREEMENT
            This CREDIT AGREEMENT is entered
into as of December 23, 2002 among PRACTICEWORKS, INC., a Delaware corporation (the “Borrower”), the Guarantors (defined herein), the Lenders (defined herein) and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and
L/C Issuer.
           The Borrower has requested that the Lenders provide $45,000,000 in credit facilities for the purposes set forth herein, and the
Lenders are willing to do so on the terms and conditions set forth herein.
            In consideration of the mutual covenants and agreements herein
contained, the parties hereto covenant and agree as follows:
 
 ARTICLE I
  DEFINITIONS AND ACCOUNTING TERMS
            
1.01   Defined Terms.
            As used in this Agreement, the following terms shall have the meanings
set forth below:
            “Acquired Company” means Trex Medical France S.A., the sole shareholder of Trophy Radiologie S.A.
(“Trophy”).
            “Acquired Company Interim Financial Statements” has the meaning set forth in Section
5.01(c).
            “Acquired Company Statutory Financial Statements” has the meaning set forth in Section
5.01(c).
            “Acquisition”, by any Person, means the acquisition by such Person, in a single transaction or in a series
of related transactions, of all or substantially all of the Property of another Person or at least a majority of the Voting Stock of another Person, in each case whether or not involving a merger or consolidation with such other Person and whether
for cash, property, services, assumption of Indebtedness, securities or otherwise.
           “Administrative Agent” means Bank of
America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.
            “Administrative Agent’s Office” means, with respect to any currency, the Administrative Agent’s address and, as appropriate, account as set
forth on Schedule 11.02 with respect to such currency or such other address or account with respect to such currency as the Administrative Agent may from time to time notify the Borrower and the Lenders.
            “Administrative Questionnaire” means an administrative questionnaire in a form supplied by the Administrative Agent.
            “Affiliate” means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is
Controlled by or is under common Control with the Person specified.  “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether
through the ability to exercise voting power,

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  by contract or otherwise.  “Controlling” and “Controlled” have meanings correlative thereto.  Without limiting the generality of the
foregoing, a Person shall be deemed to be Controlled by another Person if such other Person possesses, directly or indirectly, power to vote 5% or more of the securities having ordinary voting power for the election of directors, managing general
partners or the equivalent.
           “Agent-Related Persons” means the Administrative Agent, together with its Affiliates
(including, in the case of Bank of America in its capacity as the Administrative Agent, the Arranger), and the officers, directors, employees, agents and attorneys-in-fact of such Persons and Affiliates.
            “Aggregate Revolving Commitments” means the Revolving Commitments of all the Lenders.  The initial amount of the Aggregate Revolving Commitments
in effect on the Closing Date is FIFTEEN MILLION DOLLARS ($15,000,000).
            “Agreement” means this Credit Agreement, as
amended, modified, supplemented and extended from time to time.
            “Alternative Currency” means each of British Pounds
Sterling, Japanese Yen, Euro and each other lawful currency (other than Dollars) that is freely available and freely transferable and convertible into Dollars and that is approved by all the Lenders in accordance with
Section 1.09.
            “Alternative Currency Equivalent” means, at any time, with respect to any amount denominated in
Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such
Alternative Currency with Dollars.
            “Alternative Currency Sublimit” means an amount equal to the lesser of (a) the
Aggregate Revolving Commitments and (b) $5,000,000.  The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.
           “Applicable Currency” means Dollars or Alternative Currency, as applicable.
            “Applicable Rate” means the following percentages per annum, based upon the Consolidated Leverage Ratio as set forth in the most recent Compliance
Certificate received by the Administrative Agent pursuant to Section 7.02(b):

	  Pricing Tier
 	   
 	   
 	  Consolidated
 Leverage Ratio
 	   
 	   
 	  Commitment Fee
 	   
 	   
 	  Letters of Credit and
 Eurocurrency Loans
 	   
 	   
 	  Base Rate Loans
 	   
 
	 
 	  
	 
 	 
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 
	 1
 	  
	  
 	  * 1.0:1.0
 	  
 	  
 	  0.50
 	  %
 	  
 	  3.00
 	  %
 	  
 	  1.50
 	  %
 
	 2
 	  
	  
 	   ** 1.0:1.0 but  *  1.5:1.0
 	  
 	  
 	  0.50
 	  %
 	  
 	  3.50
 	  %
 	  
 	  2.00
 	  %
 
	  3
 	  
	  
 	   ** 1.5:1.0
 	  
 	  
 	  0.75
 	  %
 	  
 	  4.00
 	  %
 	  
 	  2.50
 	  %
 

 Any increase or decrease in the Applicable Rate resulting from a change in the
Consolidated Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is required to be delivered pursuant to Section 7.02(b); provided, however, that if a
Compliance Certificate is not delivered when due in accordance with such Section, then Pricing Level 3 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered.  The
Applicable Rate in effect from the Closing Date through the first Business Day immediately following the date a Compliance Certificate is required to be delivered pursuant to
 * =   Less
than
 ** = Greater than or equal to.
  2

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  Section 7.02(b) for the fiscal quarter ending June 30, 2003 shall be determined based upon Pricing Level 3.
            “Applicable Time” means, with respect to any borrowings and payments in Alternative Currencies, the local times in the place of settlement for such
Alternative Currencies as may be determined by the Administrative Agent to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.
            “Arranger” means Banc of America Securities LLC, in its capacity as sole lead arranger and sole book manager.
            “Assignment and Assumption” means an Assignment and Assumption substantially in the form of Exhibit E.
           “Attorney Costs” means and includes all reasonable and actual fees, expenses and disbursements of any law firm or other external counsel.

           “Attributable Indebtedness” means, on any date, (a) in respect of any Capital Lease of any Person, the capitalized amount thereof
that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, (b) in respect of any Synthetic Lease, the capitalized amount of the remaining lease payments under the relevant lease that would appear on a
balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a Capital Lease and (c) in respect of any Securitization Transaction of any Person, the outstanding principal amount of such financing,
after taking into account reserve accounts and making appropriate adjustments, determined by the Administrative Agent in its reasonable judgment.
            “Audited Financial Statements” means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December
31, 2001, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.
            “Availability Period” means, with respect to the Revolving Commitments, the period from and including the Closing Date to the earliest of (a) the
Maturity Date, (b) the date of termination of the Aggregate Revolving Commitments pursuant to Section 2.06, and (c) the date of termination of the commitment of each Lender to make Loans and of the obligation of the L/C Issuer to make L/C
Credit Extensions pursuant to Section 9.02.
           “Bank of America” means Bank of America, N.A. and its
successors.
            “Base Rate” means for any day a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate
plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate.”  The “prime rate” is a rate set by Bank of America based upon various factors
including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate.  Any change in the
“prime rate” announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.
            “Base Rate Loan” means a Loan that bears interest based on the Base Rate.
            “Borrower” has the meaning specified in the introductory paragraph hereto.
  3

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            “Borrowing” means a borrowing consisting of simultaneous Loans of the same Type and, in the case of
Eurocurrency Rate Loans, in the same currency and having the same Interest Period made by each of the Lenders pursuant to Section 2.01.
           “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are
in fact closed in, the state where the Administrative Agent’s Office with respect to Obligations denominated in Dollars is located and (a) if such day relates to any Eurocurrency Rate Loan denominated in a currency other than Euro, means any
such day on which dealings in deposits in the relevant currency are conducted by and between banks in the London or other applicable offshore interbank market for such currency or (b) if such day relates to any Eurocurrency Rate Loan denominated in
Euro, means a TARGET Day.
            “Businesses” means, at any time, a collective reference to the businesses operated by the
Borrower and its Subsidiaries at such time.
            “Capital Lease” means, as applied to any Person, any lease of any Property by
that Person as lessee which, in accordance with GAAP, is required to be accounted for as a capital lease on the balance sheet of that Person.
            “Capital Stock” means (i) in the case of a corporation, association or business entity, capital stock or any and all shares, interests,
participations, rights or other equivalents (however designated) of capital stock, (ii) in the case of a partnership, partnership interests (whether general or limited), (iii) in the case of a limited liability company, membership
interests and (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person.
           “Cash Collateralize” has the meaning specified in Section 2.03(g).
            “Cash Equivalents” means, as at any date, (a) securities issued or directly and fully guaranteed or insured by the United States or any agency
or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof) having maturities of not more than twelve months from the date of acquisition, (b) Dollar denominated time deposits and
certificates of deposit of (i) any Lender, (ii) any domestic commercial bank of recognized standing having capital and surplus in excess of $500,000,000 or (iii) any bank whose short-term commercial paper rating from S&P is at
least A-1 or the equivalent thereof or from Moody’s is at least P-1 or the equivalent thereof (any such bank being an “Approved Bank”), in each case with maturities of not more than 270 days from the date of acquisition,
(c) commercial paper and variable or fixed rate notes issued by any Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or guaranteed by, any domestic corporation rated A-1 (or the equivalent thereof) or
better by S&P or P-1 (or the equivalent thereof) or better by Moody’s and maturing within six months of the date of acquisition, (d) repurchase agreements entered into by any Person with a bank or trust company (including any of the
Lenders) or recognized securities dealer having capital and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed by the United States in which such Person shall have a perfected first priority security interest
(subject to no other Liens) and having, on the date of purchase thereof, a fair market value of at least 100% of the amount of the repurchase obligations and (e) Investments, classified in accordance with GAAP as current assets, in money market
investment programs registered under the Investment Company Act of 1940, as amended, which are administered by reputable financial institutions having capital of at least $500,000,000 and at least 95% of the portfolios of which are limited to cash
or Investments of the character described in the foregoing subdivisions (a) through (d).
           “Change of Control” means an
event or series of events by which:
  4

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 	            (a)     any “person” or “group” (as such terms are used in Sections 13(d)
and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan)
becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all Capital Stock that such person or
group has the right to acquire (such right, an “option right”), whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of  twenty five (25%) of the Capital Stock of the
Borrower entitled to vote for members of the board of directors or equivalent governing body of the Borrower on a fully diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any
option right); or
 
	  
 	  
 
	  
 	            (b)     during any period of 24 consecutive months, a majority of the members of the board of
directors or other equivalent governing body of the Borrower cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or
equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to
that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body (excluding, in
the case of both clause (ii) and clause (iii), any individual whose initial nomination for, or assumption of office as, a member of that board or equivalent governing body occurs as a result of an actual or threatened solicitation of proxies or
consents for the election or removal of one or more directors by any person or group other than a solicitation for the election of one or more directors by or on behalf of the board of directors).
 

           “Closing Date” means the date hereof.
            “Collateral” means a collective reference to all real and personal Property with respect to which Liens in favor of the Administrative Agent are
purported to be granted pursuant to and in accordance with the terms of the Collateral Documents.
            “Collateral Documents”
means a collective reference to the Security Agreement, the Pledge Agreement and such other security documents as may be executed and delivered by the Loan Parties pursuant to the terms of Section 7.14 and/or Section
7.15.
            “Commitment” means, as to each Lender, the Revolving Commitment of such Lender and/or the Term Loan Commitment
of such Lender.
            “Compliance Certificate” means a certificate substantially in the form of Exhibit D.

           “Consolidated Adjusted EBITDAR” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, an amount
equal to the sum of (i) Consolidated EBITDA for such period plus (ii) rent and lease expense for such period minus (iii) Consolidated Capital Expenditures for such period minus (iv) Consolidated Cash Taxes for
such period, all as determined in accordance with GAAP.
           “Consolidated Asset Coverage Ratio” means, as of any date of
determination, the ratio of (a) the sum of the accounts receivable and inventory of the Borrower and its Subsidiaries on a consolidated basis
  5

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  as of that date as determined in accordance with GAAP to (b) the Total Revolving Outstandings as of that date. 
            “Consolidated Capital Expenditures” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, all capital expenditures,
as determined in accordance with GAAP; provided, however, that Consolidated Capital Expenditures shall not include expenditures made with proceeds of any Involuntary Disposition to the extent such expenditures are used to purchase
Property that is the same as or similar to the Property subject to such Involuntary Disposition.
            “Consolidated Cash
Taxes” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the aggregate of all taxes, as determined in accordance with GAAP, to the extent the same are paid in cash during such period.
            “Consolidated EBITDA” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, an amount equal to Consolidated
Net Income for such period plus the following to the extent deducted in calculating such Consolidated Net Income: (a) Consolidated Interest Charges for such period, (b) the provision for federal, state, local and foreign income taxes payable
by the Borrower and its Subsidiaries for such period, (c) the amount of depreciation and amortization expense for such period, all as determined in accordance with GAAP and (d) a non-cash charge of up to $15,000,000 for research and development
costs expensed by the Borrower and its Subsidiaries in the fiscal quarter in which the Transaction is consummated.
           “Consolidated
Fixed Charge Coverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Adjusted EBITDAR for the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial
statements pursuant to Section 7.01(a) or (b) to (b) Consolidated Fixed Charges for the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section
7.01(a) or (b).
            “Consolidated Fixed Charges” means, for any period, for the Borrower and its Subsidiaries on a
consolidated basis, an amount equal to the sum of (i) the cash portion of Consolidated Interest Charges for such period plus (ii) Consolidated Scheduled Funded Debt Payments for such period plus (iii) rent and lease
expense for such period, all as determined in accordance with GAAP.
            “Consolidated Funded Indebtedness” means Funded
Indebtedness of the Borrower and its Subsidiaries on a consolidated basis determined in accordance with GAAP.
            “Consolidated
Interest Charges” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, an amount equal to the sum of (i) all interest, premium payments, debt discount, fees, charges and related expenses of the Borrower and
its Subsidiaries in connection with Indebtedness (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP, and (ii) the portion of rent
expense of the Borrower and its Subsidiaries with respect to such period under Capital Leases or other leases that is treated as interest in accordance with GAAP.
           “Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such dateto(b)
Consolidated EBITDA for the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b).
  6

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            “Consolidated Net Income” means, for any period, for the Borrower and its Subsidiaries on a
consolidated basis, the net income of the Borrower and its Subsidiaries (excluding extraordinary gains and extraordinary losses) for that period.
            “Consolidated Net Worth” means, as of any date of determination, consolidated shareholders’ equity of the Borrower and its Subsidiaries as of
that date determined in accordance with GAAP.
            “Consolidated Scheduled Funded Debt Payments” means for any period for the
Borrower and its Subsidiaries on a consolidated basis, the sum of all scheduled payments of principal on Consolidated Funded  Indebtedness, as determined in accordance with GAAP.  For purposes of this definition, “scheduled payments
of principal” (a) shall be determined without giving effect to any reduction of such scheduled payments resulting from the application of any voluntary prepayments made during the applicable period, (b) shall be deemed to include the principal
component of scheduled payments of Attributable Indebtedness in respect of Capital Leases and Synthetic Leases and (c) shall not include (i) any voluntary prepayments or mandatory prepayments required pursuant to Section 2.05 and (ii) any
payments on the Finova Indebtedness.
           “Consolidating” means, (a) for purposes of those financial statements delivered
pursuant to Section 5.01(c)(i) and (ii), financial statements for each of the domestic and foreign practice management businesses of the Borrower and its Subsidiaries and (b) for purposes of those financial statements delivered pursuant to Section
7.01(a) and (b), financial statements for each of the domestic and foreign practice management businesses of the Borrower and its Subsidiaries (other than the Acquired Company and its Subsidiaries) and financial statements for the Acquired Company
and its Subsidiaries on a consolidated basis.  The Consolidating financial statements for any period shall in the aggregate equal the consolidated financial statements of the Borrower and its Subsidiaries for such period.
            “Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other
undertaking to which such Person is a party or by which it or any of its property is bound.
            “Control” has the meaning
specified in the definition of “Affiliate.”
            “Credit Extension” means each of the following: (a) a Borrowing and
(b) an L/C Credit Extension.
            “Debt Issuance” means the issuance by the Borrower or any Subsidiary of any Indebtedness
other than Indebtedness permitted under Section 8.03.
           “Debtor Relief Laws” means the Bankruptcy Code of the United
States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable
jurisdictions from time to time in effect and affecting the rights of creditors generally.
            “Default” means any event or
condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default.
            “Default Rate” means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate, if any, applicable to Base Rate Loans
plus (c) 2% per annum; provided, however, that with respect to a Eurocurrency Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan
plus 2% per annum, in each case to the fullest extent permitted by applicable Laws.
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            “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the Loans,
participations in L/C Obligations or participations in Swing Line Loans required to be funded by it hereunder within one Business Day of the date required to be funded by it hereunder, (b) has otherwise failed to pay over to the Administrative Agent
or any other Lender any other amount required to be paid by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute, or (c) has been deemed insolvent or become the subject of a bankruptcy or insolvency
proceeding.
           “Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition
(including any Sale and Leaseback Transaction) of any Property by the Borrower or any Subsidiary (including the Capital Stock of any Subsidiary), including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or
accounts receivable or any rights and claims associated therewith, but excluding (i) the sale, lease, license, transfer or other disposition of Property in the ordinary course of business of the Borrower and its Subsidiaries, (ii) the sale, lease,
license, transfer or other disposition of machinery and equipment no longer used or useful in the conduct of business of the Borrower and its Subsidiaries, (iii) any sale, lease, license, transfer or other disposition of Property by the Borrower or
any Subsidiary to any Loan Party, provided that the Loan Parties shall cause to be executed and delivered such documents, instruments and certificates as the Administrative Agent may request so as to cause the Loan Parties to be in compliance with
the terms of Section 7.14 after giving effect to such transaction, (iv) any Involuntary Disposition by the Borrower or any Subsidiary, (v) any Disposition by the Borrower or any Subsidiary constituting a Permitted Investment, and (vi) any
sale, lease, license, transfer or other disposition of Property by any Foreign Subsidiary to another Foreign Subsidiary.
            “Dollar” and “$” mean lawful money of the United States.
            “Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount
denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of
Dollars with such Alternative Currency.
           “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any
political subdivision of the United States.
            “Eligible Assignee” has the meaning specified in Section
11.07(g).
            “EMU” means the economic and monetary union in accordance with the Treaty of Rome 1957, as amended by the
Single European Act 1986, the Maastricht Treaty of 1992 and the Amsterdam Treaty of 1998, as amended from time to time.
            “EMU
Legislation” means the legislative measures of the European Council for the introduction of, changeover to or operation of a single or unified European currency (whether known as the “euro” or otherwise).
            “Environmental Laws” means any and all federal, state, local, foreign and other applicable statutes, laws, regulations, ordinances, rules,
judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the environment, including those
related to hazardous substances or wastes, air emissions and discharges to waste or public systems.
            “Environmental
Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower, any other
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  Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling,
transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other
consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.
            “Equity
Issuance” means any issuance by the Borrower or any Subsidiary to any Person of shares of its Capital Stock, other than (a) any issuance of shares of its Capital Stock pursuant to the exercise of options or warrants, (b) any issuance of
shares of its Capital Stock pursuant to the conversion of any debt securities to equity or the conversion of any class or series of equity securities to any other class or series of equity securities, and (c) any issuance of options or warrants
relating to its Capital Stock.  The term “Equity Issuance” shall not be deemed to include any Disposition.
            “ERISA” means the Employee Retirement Income Security Act of 1974.
            “ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the Borrower within the meaning of Section
414(b) or (c) of the Internal Revenue Code (and Sections 414(m) and (o) of the Internal Revenue Code for purposes of provisions relating to Section 412 of the Internal Revenue Code).
           “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by the Borrower or any ERISA Affiliate from a Pension
Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a
complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to terminate, the treatment of a Plan amendment as a
termination under Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination
of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the
Borrower or any ERISA Affiliate.
            “Euro” and “EUR” mean the lawful currency of the Participating Member
States introduced in accordance with the EMU Legislation.
           “Eurocurrency Base Rate” means, for any Interest Period with respect
to any Eurocurrency Rate Loan:

	  
 	            (a)     the rate per annum equal to the rate determined by the Administrative Agent to be the
offered rate that appears on the page of the Telerate screen (or any successor thereto) that displays an average British Bankers Association Interest Settlement Rate for deposits in the relevant currency (for delivery on the first day of such
Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, or
 
	  
 	  
 
	  
 	           (b)     if the rate referenced in the preceding clause (a) does not appear on such page or
service or such page or service shall not be available, the rate per annum equal to the rate determined by the Administrative Agent to be the offered rate on such other page or other service that displays an average British Bankers Association
Interest Settlement Rate for deposits in the
 

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 	  relevant currency (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time)
two Business Days prior to the first day of such Interest Period, or
 
	  
 	  
 
	  
 	            (c)     if the rates referenced in the preceding clauses (a) and (b) are not available, the
rate per annum (rounded upward to the next 1/100th of 1%) determined by the Administrative Agent as the rate of interest at which deposits in the relevant currency for delivery on the first day of such Interest Period in same day funds in
the approximate amount of the Eurocurrency Rate Loan being made, continued or converted by Bank of America and with a term equivalent to such Interest Period would be offered by Bank of America’s London Branch or London Affiliate to major banks
in the offshore interbank market for such currency at their request at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period.
 

           “Eurocurrency Rate” means for any Interest Period with respect to any Eurocurrency Rate Loan, a rate per annum determined by the Administrative Agent
to be equal to the quotient obtained by dividing (a) the Eurocurrency Base Rate for such Eurocurrency Loan for such Interest Period by (b) one minus the Eurocurrency Reserve Percentage for such Eurocurrency Loan for such Interest Period.

           “Eurocurrency Rate Loan” means a Loan that bears interest at a rate based on the Eurocurrency Rate.
            “Eurocurrency Reserve Percentage” means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five
decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve
requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”).  The Eurocurrency Rate for each outstanding Eurocurrency Rate Loan shall be adjusted automatically as of the effective date of
any change in the Eurocurrency Reserve Percentage.
            “Event of Default” has the meaning specified in Section
9.01.
            “Excess Cash Flow” means, for any period for the Borrower and its Subsidiaries, an amount equal to the sum of
(a) Consolidated EBITDA minus (b) Consolidated Capital Expenditures paid in cash minus (c) the cash portion of Consolidated Interest Expense minus (d) cash taxes paid minus (e) Consolidated Scheduled Funded Debt Payments
minus (f) the amount of any voluntary prepayments made on the Loans during such fiscal year, in each case on a consolidated basis determined in accordance with GAAP.
           “Excluded Property” means, with respect to any Loan Party, including any Person that becomes a Loan Party after the Closing Date as contemplated by
Section 7.12, (a) any owned or leased real or personal Property which is located outside of the United States unless requested by the Administrative Agent or the Required Lenders, (b) any personal Property (including, without limitation,
motor vehicles) in respect of which perfection of a Lien is not either (i) governed by the Uniform Commercial Code or (ii) effected by appropriate evidence of the Lien being filed in either the United States Copyright Office or the United States
Patent and Trademark Office, unless requested by the Administrative Agent or the Required Lenders, (c) any Property which, subject to the terms of Section 8.09, is subject to a Lien of the type described in Section 8.01(i) pursuant to
documents which prohibit such Loan Party from granting any other Liens in such Property, (d) shares of Capital Stock of each Foreign Subsidiary in excess of 65% of the aggregate shares of the Capital Stock of such Foreign Subsidiary owned by such
Loan Party and (e) any permit, lease, license, contract or instrument now or hereafter in effect of a Loan Party if the grant of a security interest in such permit, lease, license, contract or instrument in a manner contemplated by this Agreement,
under the terms thereof or under applicable law, is prohibited and would result in the termination
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  thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Loan Party’s rights, titles and interests thereunder (including upon
the giving of notice or the lapse of time or both); provided in each case that any such limitation on the security interests granted under the Collateral Documents shall only apply to the extent that (A) after reasonable efforts, consent from
the relevant party or parties has not been obtained and (B) any such prohibition could not be rendered ineffective pursuant to the Uniform Commercial Code or any other applicable law (including Debtor Relief Laws) or principles of equity.

          “FAC” means PracticeWorks France, a French corporation.
            “FAC Loan” means that certain $20 million loan made by the Borrower to FAC on the Closing Date.
            “Facilities” means, at any time, a collective reference to the facilities and real properties owned, leased or operated by the Borrower or any
Subsidiary.
            “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on
overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers on such day, as published by the Federal Reserve Bank on the Business Day next succeeding such day; provided that (a) if such
day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next
succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative
Agent.
            “Fee Letter” means the letter agreement, dated December 13, 2002 among the Borrower, the Administrative Agent and
the Arranger.
            “Finova Indebtedness” means the credit facility between FINOVA Capital Corporation and the Borrower dated
March 5, 2001.  The Finova Indebtedness was paid off in full by the Borrower on June 13, 2002.
           “First Tier Foreign
Subsidiary” means each Foreign Subsidiary which is owned directly by a Loan Party.
            “Foreign Lender” has the
meaning specified in Section 11.15(a)(i). 
            “Foreign Subsidiary” means any Subsidiary that is not a Domestic
Subsidiary.
            “FRB” means the Board of Governors of the Federal Reserve System of the United States.
            “Funded Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as
indebtedness or liabilities in accordance with GAAP:

	  
 	            (a)     all obligations for borrowed money, whether current or long-term (including the
Obligations) and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments;
 
	  
 	  
 
	  
 	            (b)     all purchase money Indebtedness;
 

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 	            (c)     the principal portion of all obligations under conditional sale or other title
retention agreements relating to Property purchased by the Borrower or any Subsidiary (other than customary reservations or retentions of title under agreements with suppliers entered into in the ordinary course of business);
 
	  
 	  
 
	  
 	            (d)      all obligations arising under letters of credit (including standby and commercial),
bankers’ acceptances, bank guaranties, surety bonds and similar instruments;
 
	  
 	  
 
	  
 	            (e)     all obligations in respect of the deferred purchase price of property or services
(other than trade accounts payable in the ordinary course of business);
 
	  
 	  
 
	  
 	           (f)     the Attributed Indebtedness with respect to Capital Leases and Synthetic
Leases;
 
	  
 	  
 
	  
 	            (g)      the Attributed Indebtedness with respect to  Securitization
Transactions;
 
	  
 	  
 
	  
 	            (h)     all preferred stock or other equity interests providing for mandatory redemptions,
sinking fund or like payments prior to the Maturity Date;
 
	  
 	  
 
	  
 	            (i)     all Funded Indebtedness of others secured by (or for which the holder of such Funded
Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on, or payable out of the proceeds of production from, Property owned or acquired by the Borrower or any Subsidiary, whether or not the obligations secured
thereby have been assumed;
 
	  
 	  
 
	  
 	           (j)     all Guarantees with respect to Funded Indebtedness of the types specified in clauses
(a) through (g) above of another Person; and
 
	  
 	  
 
	  
 	            (k)     all Funded Indebtedness of the types referred to in clauses (a) through (j) above of
any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or joint venturer, except to the extent that Indebtedness is expressly made
non-recourse to such Person.
 
	  
 	  
 
	  
 	  For purposes hereof, (x) the amount of any direct obligation arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety
bonds and similar instruments shall be the maximum amount available to be drawn thereunder and (y) the amount of any Guarantee shall be the amount of the Indebtedness subject to such Guarantee.
 

            “GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles
Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board, consistently applied.
           “Governmental Authority” means any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality,
regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government.
            “Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of
guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or
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  lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such
Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such
Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in
respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person.  The amount
of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably
anticipated liability in respect thereof as determined by the guaranteeing Person in good faith.  The term “Guarantee” as a verb has a corresponding meaning.
           “Guaranty” means the Guaranty made by the Guarantors in favor of the Administrative Agent and the Lenders pursuant to Article IV
hereof.
            “Guarantors” means each Domestic Subsidiary of the Borrower and each other Person that joins as a Guarantor
pursuant to Section 7.12, together with their successors and permitted assigns.
            “Hazardous Materials” means all
explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas,
infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law.
            “Honor
Date” has the meaning set forth in Section 2.03(a).
            “Indebtedness” means, as to any Person at a
particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

	  
 	            (a)     all Funded Indebtedness;
 
	  
 	  
 
	  
 	           (b)     net obligations under any Swap Contract;
 
	  
 	  
 
	  
 	            (c)     all Guarantees with respect to outstanding Indebtedness of the types specified in
clauses (a) and (b) above of any other Person; and
 
	  
 	  
 
	  
 	            (d)     all Indebtedness of the types referred to in clauses (a) through (c) above of any
partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which the Borrower or a Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse
to the Borrower or such Subsidiary.
 
	  
 	  
 
	  
 	  For purposes hereof (y) the amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date and (z) the
amount of any Guarantee shall be the amount of the Indebtedness subject to such Guarantee.
 

           “Indemnified
Liabilities” has the meaning set forth in Section 11.05.
            “Indemnitees” has the meaning set forth in
Section 11.05.
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            “Interest Payment Date” means (a) as to any Loan other than a Base Rate Loan, the last day of each
Interest Period applicable to such Loan and the Maturity Date; provided, however, that if any Interest Period for a Eurocurrency Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of
such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan (including a Swing Line Loan), the last Business Day of each March, June, September and December and the Maturity Date.
            “Interest Period” means, as to each Eurocurrency Rate Loan, the period commencing on the date such Eurocurrency Rate Loan is disbursed or converted
to or continued as a Eurocurrency Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the Borrower in its Loan Notice; provided that:

	  
 	            (i)     any Interest Period that would otherwise end on a day that is not a Business Day shall
be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day;
 
	  
 	  
 
	  
 	           (ii)     any Interest Period that begins on the last Business Day of a calendar month (or on a
day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and
 
	  
 	  
 
	  
 	            (iii)     no Interest Period shall extend beyond the Maturity Date.
 

            “Interim Financial Statements” has the meaning set forth in Section 5.01(c).
            “Internal Revenue Code” means the Internal Revenue Code of 1986.
            “Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other
acquisition of Capital Stock of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including
any partnership or joint venture interest in such other Person, or (c) an Acquisition.  For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or
decreases in the value of such Investment. 
           “Involuntary Disposition” means any loss of, damage to or destruction of, or
any condemnation or other taking for public use of, any Property of the Borrower or any Subsidiary.
            “IP Rights” has the
meaning set forth in Section 6.17.
            “IRS” means the United States Internal Revenue Service.
            “Joinder Agreement” means a joinder agreement substantially in the form of Exhibit F executed and delivered by a Domestic Subsidiary in
accordance with the provisions of Section 7.12.
            “Laws” means, collectively, all international, foreign, federal,
state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the
enforcement, interpretation or administration thereof, and all applicable administrative orders, directed
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  duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law.
 
          “L/C Advance” means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance
with its Pro Rata Share.
           “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit
which has not been reimbursed on the date when made or refinanced as a Borrowing of Revolving Loans.
            “L/C Credit
Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the renewal or increase of the amount thereof.
            “L/C Issuer” means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

            “L/C Obligations” means, as at any date of determination, the aggregate undrawn amount of all outstanding Letters of
Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings.
            “Lenders” means each of the
Persons identified as a “Lender” on the signature pages hereto and their successors and assigns and, as the context requires, includes the L/C Issuer and the Swing Line Lender.
            “Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire,
or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent.
           “Letter of
Credit” means any letter of credit issued hereunder.  A Letter of Credit may be a commercial letter of credit or a standby letter of credit.
            “Letter of Credit Application” means an application and agreement for the issuance or amendment of a letter of credit in the form from time to time
in use by the L/C Issuer.
            “Letter of Credit Expiration Date” means the day that is seven days prior to the Maturity Date
then in effect (or, if such day is not a Business Day, the next preceding Business Day).
            “Letter of Credit Sublimit”
means an amount equal to the lesser of (a) the Aggregate Revolving Commitments and (b) $2,000,000.  The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.
            “Lien” means any mortgage, pledge, hypothecation, collateral assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or
preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement, and any financing lease having substantially the same economic effect as
any of the foregoing).
            “Loan” means an extension of credit by a Lender to the Borrower under Article II in the
form of a Revolving Loan, Swing Line Loan or Term Loan.
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            “Loan Documents” means this Agreement, each Note, each Letter of Credit, each Letter of Credit
Application, each Joinder Agreement, the Collateral Documents, each Request for Credit Extension, each Compliance Certificate, the Fee Letter and each other document, instrument or agreement from time to time executed by the Borrower or any of its
Subsidiaries or any Responsible Officer thereof and delivered in connection with this Agreement. 
            “Loan Notice” means a
notice of (a) a Borrowing of Revolving Loans or Term Loan, (b) a conversion of Loans from one Type to the other, or (c) a continuation of Eurocurrency Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in
the form of Exhibit A.
            “Loan Parties” means, collectively, the Borrower and each Guarantor.
 
          “Mandatory Cost Rate” means, with respect to any period, a rate per annum (rounded upward, if necessary, to the next 1/100th
of 1%) determined in accordance with Schedule 1.01.
            “Mandatory Cost Reference Lender” means Bank of
America.
            “Material Adverse Effect” means (a) a material adverse change in, or a material adverse effect upon, the
operations, business, properties, liabilities (actual or contingent), condition (financial or otherwise) or prospects of the Borrower and its Subsidiaries taken as a whole; (b) a material impairment of the ability of any Loan Party to perform its
obligations under any Loan Document to which it is a party; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party.
           “Maturity Date” means December 23, 2005.
            “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.
            “Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA
Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions.
            “Net Cash Proceeds” means the aggregate cash or Cash Equivalents proceeds received by the Borrower or any Subsidiary in respect of any Disposition,
Equity Issuance, Debt Issuance or Involuntary Disposition, net of (a) direct costs and expenses incurred in connection therewith (including, without limitation, legal, accounting and investment banking fees, underwriting discounts, sales
commissions, severance costs and relocation expenses), (b) taxes paid or payable as a result thereof and (c) in the case of any Disposition or Involuntary Disposition, the amount necessary to retire any Indebtedness secured by a Permitted Lien
(ranking senior to any Lien of the Administrative Agent) on the related Property; it being understood that “Net Cash Proceeds” shall include, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of
any non-cash consideration received by the Borrower or any Subsidiary in any Disposition, Equity Issuance, Debt Issuance or Involuntary Disposition. 
            “Note” or “Notes” means the Revolving Notes, the Swing Line Note and/or the Term Notes, individually or collectively, as
appropriate.
           “Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan
Party arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and
including interest and fees that accrue after the
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  commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless
of whether such interest and fees are allowed claims in such proceeding. The foregoing shall also include any Swap Contract between any Loan Party and any Lender or Affiliate of a Lender.
            “Organization Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or
comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and operating agreement; and (c) with respect to any
partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection
with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity.
           “Outstanding Amount” means (i) with respect to any Loans on any date, the aggregate outstanding principal Dollar Equivalent thereof after
giving effect to any borrowings and prepayments or repayments of any Loans occurring on such date; and (ii) with respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit
Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of Credit or any reductions in the
maximum amount available for drawing under Letters of Credit taking effect on such date.
            “Overnight Rate” means, for any
day, (a) with respect to any amount denominated in Dollars, the Federal Funds Rate and (b) with respect to any amount denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits in the applicable Alternative
Currency, in an amount approximately equal to the amount with respect to which such rate is being determined, would be offered for such day by a branch or Affiliate of Bank of America located in the applicable interbank market for such currency to
major banks in such interbank market.
            “Participant” has the meaning specified in Section 11.07(d).
 
          “Participating Member State” means each state so described in any EMU Legislation.
            “PBGC” means the Pension Benefit Guaranty Corporation.
           “Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer
Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or
other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years.
            “Permitted Acquisitions” means an Acquisition by any Loan Party, provided that (i) any such Acquisition occurs subsequent to December 31,
2003, (ii) the Property acquired (or the Property of the Person acquired) in such Acquisition is used or useful in the same or a similar line of business as the Borrower and its Subsidiaries were engaged in on the Closing Date (after giving effect
to the Transaction) (or any reasonable extensions or expansions thereof), (iii) the Administrative Agent shall have received all items in respect of the Capital Stock or Property acquired in such Acquisition required to be delivered by the terms of
Section 7.12 and/or Section 7.14, (iv) in the case of an Acquisition of the Capital Stock of another
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  Person, the board of directors (or other comparable governing body) of such other Person shall have duly approved such Acquisition, (v) the Borrower shall have delivered to the
Administrative Agent a Pro Forma Compliance Certificate demonstrating that, upon giving effect to such Acquisition on a Pro Forma Basis, the Consolidated Leverage Ratio is less than 1.0 to 1.0 as of the most recent fiscal quarter end for which the
Borrower has delivered financial statements pursuant to Section 7.01(a) or (b), (vi) the representations and warranties made by the Loan Parties in any Loan Document shall be true and correct in all material respects at and as if made
as of the date of such Acquisition (after giving effect thereto) except to the extent such representations and warranties expressly relate to an earlier date, (vii) immediately after giving effect to such Acquisition, there shall be at least
$5,000,000 of availability existing under the Aggregate Revolving Commitments and (viii) the aggregate consideration (including cash and non-cash consideration, any assumption of Indebtedness and any earn-out payments) paid by the Loan Parties for
all such Acquisitions shall not exceed $5,000,000.
           “Permitted Investments” means, at any time, Investments by the Borrower
and its Subsidiaries permitted to exist at such time pursuant to the terms of Section 8.02.
            “Permitted Liens”
means, at any time, Liens in respect of Property of the Borrower and its Subsidiaries permitted to exist at such time pursuant to the terms of Section 8.01.
            “Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental
Authority or other entity.
            “Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of
ERISA) established by the Borrower or, with respect to any such plan that is subject to Section 412 of the Internal Revenue Code or Title IV of ERISA, any ERISA Affiliate.
            “Pledge Agreement” means the pledge agreement dated as of the Closing Date executed in favor of the Administrative Agent by each of the Loan Parties,
as amended, modified, restated or supplemented from time to time.
            “Pro Forma Balance Sheet” has the meaning set forth in
Section 5.01(c).
            “Pro Forma Basis” means, for purposes of calculating the financial covenant set forth in Section
8.11(b) (including for purposes of determining the Applicable Rate), that any Acquisition shall be deemed to have occurred as of the first day of the most recent four fiscal quarter period preceding the date of such transaction for which the
Borrower has delivered financial statements pursuant to Section 7.01(a) or (b).  In connection with the foregoing, (a) with respect to any Disposition or Involuntary Disposition, income statement and cash flow statement items
(whether positive or negative) attributable to the Property disposed of shall be excluded to the extent relating to any period occurring prior to the date of such transaction and (b) with respect to any Acquisition, income statement items (whether
positive or negative) attributable to the Person or Property acquired shall be included to the extent relating to any period applicable in such calculations to the extent (i) such items are not otherwise included in such income statement items for
the Borrower and its Subsidiaries in accordance with GAAP or in accordance with any defined terms set forth in Section 1.01 and (ii) such items are supported by audited financial statements or other information reasonably satisfactory to the
Administrative Agent.
           “Pro Forma Compliance Certificate” means a certificate of a Responsible Officer of the Borrower
containing a reasonably detailed calculation of the Consolidated Leverage Ratio as of the most recent fiscal quarter end for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b) after giving effect
to the applicable Acquisition.
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            “Pro Rata Share” means, as to each Lender at any time, (a) with respect to such Lender’s
Revolving Commitment at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Revolving Commitment of such Lender at such time and the denominator of which is the amount
of the Aggregate Revolving Commitments at such time; provided that if the commitment of each Lender to make Revolving Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section
9.02, then the Pro Rata Share of each Lender shall be determined based on the Pro Rata Share of such Lender immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms hereof, and (b)
with respect to such Lender’s outstanding Term Loan at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the principal amount of the Term Loan held by such Lender at such time
and the denominator of which is the aggregate principal amount of the Term Loan at such time.  The initial Pro Rata Share of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption
pursuant to which such Lender becomes a party hereto, as applicable.
           “Property” means any interest of any kind in any
property or asset, whether real, personal or mixed, or tangible or intangible.
            “Purchase Agreement” means that certain
Share Purchase Agreement dated as of December 19, 2002 among the Sellers and the Borrower.
            “R&D Shortfall” means an
amount equal to the sum of (a) $15,000,000 less (b) the amount of the research and development costs expensed by the Borrower and its Subsidiaries in the fiscal quarter ending December 31, 2002 in connection with the Transaction.
 
          “Register” has the meaning set forth in Section 11.07(c).
            “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the thirty-day notice period has been
waived.
            “Request for Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Loans, a Loan
Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice.
            “Required Lenders” means, at any time, Lenders holding in the aggregate more than sixty-six and two-thirds percent (66 2/3%) of (a) the Revolving
Commitments and the outstanding Term Loans or (b) if the Revolving Commitments have been terminated, the outstanding Loans, L/C Obligations, Swing Line Loans and participations therein.  The Revolving Commitments of, and the outstanding Term
Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders.
           “Responsible Officer” means the chief executive officer, president, chief financial officer or vice president of finance of a Loan Party.  Any
document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such
Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party.
            “Restricted Payment” means
any dividend or other distribution (whether in cash, securities or other property) with respect to any Capital Stock of the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or
similar deposit, on account
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  of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Capital Stock or of any option, warrant or other right to acquire any such Capital
Stock.
            “Revaluation Date” means each of the following:  (a) each date of a Borrowing of a Eurocurrency Rate Loan
denominated in an Alternative Currency, (b) each date of a continuation of a Eurocurrency Rate Loan denominated in an Alternative Currency pursuant to Section 2.02  and (c) such additional dates as the Administrative Agent or the
Required Lenders shall specify.
            “Revolving Commitment” means, as to each Lender, its obligation to (a) make Revolving
Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set
forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this
Agreement.
           “Revolving Loan” has the meaning specified in Section 2.01(a).
            “Revolving Note” has the meaning specified in Section 2.11(a).
            “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. and any successor thereto.
 
          “Sale and Leaseback Transaction” means, with respect to the Borrower or any Subsidiary, any arrangement, directly or indirectly, with
any person whereby the Borrower or such Subsidiary shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it
intends to use for substantially the same purpose or purposes as the property being sold or transferred.
            “Same Day Funds”
means (a) with respect to disbursements and payments in Dollars, immediately available funds, and (b) with respect to disbursements and payments in an Alternative Currency, same day or other funds as may be determined by the Administrative Agent to
be customary in the place of disbursement or payment for the settlement of international banking transactions in the relevant Alternative Currency.
            “SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.
           “Securitization Transaction” means any financing transaction or series of financing transactions (including factoring arrangements) pursuant
to which the Borrower or any Subsidiary may sell, convey or otherwise transfer, or grant a security interest in, accounts, payments, receivables, rights to future lease payments or residuals or similar rights to payment to a special purpose
subsidiary or affiliate of the Borrower.
            “Security Agreement” means the security agreement dated as of the Closing Date
executed in favor of the Administrative Agent by each of the Loan Parties, as amended, modified, restated or supplemented from time to time.
            “Sellers” means Trex Medical Corporation and Thermo Electron Corporation.
            “Solvent” or “Solvency” means, with respect to any Person as of a particular date, that on such date (a) such Person is able to pay
its debts and other liabilities, contingent obligations and other commitments as
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  they mature in the ordinary course of business, (b) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s
ability to pay as such debts and liabilities mature in their ordinary course, (c) such Person is not engaged in a business or a transaction, and is not about to engage in a business or a transaction, for which such Person’s Property would
constitute unreasonably small capital after giving due consideration to the prevailing practice in the industry in which such Person is engaged or is to engage, (d) the fair value of the Property of such Person is greater than the total amount of
liabilities, including, without limitation, contingent liabilities, of such Person and (e) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on
its debts as they become absolute and matured.  In computing the amount of contingent liabilities at any time, it is intended that such liabilities will be computed at the amount which, in light of all the facts and circumstances existing at
such time, represents the amount that can reasonably be expected to become an actual or matured liability.
           “Special Notice
Currency” means at any time an Alternative Currency, other than the currency of Japan or of a country that is a member of the Organization for Economic Cooperation and Development at such time located in North America or Europe.

           “Spot Rate” means, for a currency, the rate quoted by Bank of America as the spot rate for the purchase by Bank of America of such
currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is made.
            “Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of
the shares of Capital Stock having ordinary voting power for the election of directors or other governing body (other than Capital Stock having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the
management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person.  Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries”
shall refer to a Subsidiary or Subsidiaries of the Borrower.  Notwithstanding any provision to the contrary, Trophy Indonesia shall not be considered a Subsidiary for purposes of this Agreement.
            “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity
swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options,
forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any
combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related
confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any similar
master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.
           “Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting
agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date
referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations
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  provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).
            “Swing Line Lender” means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

           “Swing Line Loan” has the meaning specified in Section 2.04(a).
            “Swing Line Loan Notice” means a notice of a Borrowing of Swing Line Loans pursuant to Section 2.04(b), which, if in writing, shall be
substantially in the form of Exhibit B.
            “Swing Line Note” has the meaning specified in Section
2.11(a).
           “Swing Line Sublimit” means an amount equal to the lesser of (a) $2,000,000 and (b) the Aggregate Revolving
Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.
            “Synthetic
Lease” means any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing arrangement whereby the arrangement is considered borrowed money indebtedness for tax purposes but is classified
as an operating lease or does not otherwise appear on the balance sheet under GAAP.
            “TARGET Day” means any day on which
the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) System (or, if such clearing system ceases to be operative, such other clearing system (if any) determined by the Administrative Agent to be a suitable
replacement) is operating.
            “Term Loan” has the meaning specified in Section 2.01(b).
            “Term Loan Commitment” means, as to each Lender, its obligation to make its portion of the Term Loan to the Borrower pursuant to Section
2.01(b), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term Loan Commitments of all of the Lenders as in effect on the Closing Date is THIRTY MILLION DOLLARS
($30,000,000).
            “Term Note” has the meaning specified in Section 2.11(a).
           “Threshold Amount” means $500,000.
            “Total Revolving Outstandings” means the aggregate Outstanding Amount of all Revolving Loans, all Swing Line Loans and all L/C
Obligations.
            “Transaction” means the acquisition by the Borrower of the Acquired Company.
            “Transaction Documents” means the Purchase Agreement and the other documents and agreements delivered in connection therewith (in each case including
schedules and exhibits).
            “Trophy” has the meaning assigned to such term in the definition of “Acquired Company”
in this Section 1.01.
            “Trophy Indonesia” means PT Trophy Rajawali Indonesia, an Indonesian corporation.

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            “Type” means, with respect to any Loan, its character as a Base Rate Loan or a Eurocurrency Rate
Loan.
            “Unfunded Pension Liability” means the excess of a Pension Plan’s benefit liabilities under Section
4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Internal Revenue Code for the applicable plan
year.
           “United States” and “U.S.” mean the United States of America.
            “Unreimbursed Amount” has the meaning set forth in Section 2.03(c)(i).
            “Voting Stock” means, with respect to any Person, Capital Stock issued by such Person the holders of which are ordinarily, in the absence of
contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though the right so to vote has been suspended by the happening of such a contingency.
            “Warrant Agreement” means that certain Warrant To Subscribe For Ordinary Shares issued by PracticeWorks Limited to Singer & Friedlander Limited
dated March 28, 2002.
            “Wholly Owned Subsidiary” means any Person 100% of whose Capital Stock is at the time owned by the
Borrower directly or indirectly through other Persons 100% of whose Capital Stock is at the time owned, directly or indirectly, by the Borrower.
            
1.02   Other Interpretive Provisions.
            With reference to this Agreement and each other Loan
Document, unless otherwise specified herein or in such other Loan Document:

	  
 	           (a)     The meanings of defined terms are equally applicable to the singular and plural forms
of the defined terms.
 
	  
 	  
 
	  
 	            (b)     (i)     The words “herein,”
“hereto,” “hereof” and “hereunder” and words of similar import when used in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof.

	  
 	  
 
	  
 	                     (ii)     Article, Section, Exhibit and
Schedule references are to the Loan Document in which such reference appears.
 
	  
 	  
 
	  
 	                      (iii)     The term
“including” is by way of example and not limitation.
 
	  
 	  
 
	  
 	                    (iv)     The term
“documents” includes any and all instruments, documents, agreements, certificates, notices, reports, financial statements and other writings, however evidenced, whether in physical or electronic form.
 
	  
 	  
 
	  
 	            (c)     In the computation of periods of time from a specified date to a later specified date,
the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and
including.”
 

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 	            (d)     Section headings herein and in the other Loan Documents are included for convenience
of reference only and shall not affect the interpretation of this Agreement or any other Loan Document.
 

           
1.03   Accounting Terms.
            (a)     Except as otherwise specifically
prescribed herein, all accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to
this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements; provided, however, that
calculations of Attributable Indebtedness under any Synthetic Lease or the implied interest component of any Synthetic Lease shall be made by the Borrower in accordance with accepted financial practice and consistent with the terms of such Synthetic
Leases.
            (b)     The Borrower will provide a written summary of material changes in GAAP and in the consistent
application thereof with each annual and quarterly Compliance Certificate delivered in accordance with Section 7.02(b).  If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan
Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall  negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in
light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and
(ii) the Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such
ratio or requirement made before and after giving effect to such change in GAAP.
           (c)     Notwithstanding the
above, the parties hereto acknowledge and agree that all calculations of the financial covenant in Section 8.11(b) (including for purposes of determining the Applicable Rate) shall be made on a Pro Forma Basis.  Furthermore, the parties hereto
acknowledge and agree that for purposes of calculating the financial covenants set forth in Section 8.11 as of the fiscal quarters ending December 31, 2002, March 31, 2003, June 30, 2003 and September 30, 2003 (including for purposes of determining
the Applicable Rate), pro forma credit shall be given to the Acquired Company and its Subsidiaries.  For avoidance of doubt, any payments of intercompany loans by the Acquired Company prior to or in connection with the Transaction shall not be
considered Consolidated Scheduled Funded Debt Payments.
            
1.04   Rounding.
            Any financial ratios required to be maintained by the Borrower pursuant to
this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the
nearest number (with a rounding-up if there is no nearest number).
            
1.05   References to Agreements and Laws.
            Unless otherwise expressly provided herein, (a)
references to Organization Documents, agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but only
to the extent that such amendments, restatements, extensions, supplements and other modifications
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  are not prohibited by any Loan Document; and (b) references to any Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or
interpreting such Law.
            
1.06   Times of Day.
            Unless otherwise specified, all references herein to times of day shall
be references to Eastern time (daylight or standard, as applicable).
            
1.07   Letter of Credit Amounts.
            Unless otherwise specified, all references herein to the
amount of a Letter of Credit at any time shall be deemed to mean the maximum face amount of such Letter of Credit after giving effect to all increases thereof contemplated by such Letter of Credit or the Letter of Credit Application therefor,
whether or not such maximum face amount is in effect at such time. 
            
1.08   Exchange Rates; Currency Equivalents.
            (a)     The
Administrative Agent shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in Alternative Currencies.  Such Spot Rates shall
become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur.  Except for purposes of financial statements delivered by
Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the
Administrative Agent.
           (b)     Wherever in this Agreement in connection with a Borrowing, conversion, continuation
or prepayment of a Loan, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing or Loan is denominated in an Alternative Currency, such amount shall be the relevant Alternative Currency Equivalent of
such Dollar amount (rounded to the nearest 1,000 units of such Alternative Currency), as determined by the Administrative Agent. 
            
1.09   Additional Alternative Currencies.
            The Borrower may from time to time request that
Revolving Loans be made in a currency other than those specifically listed in the definition of “Alternative Currency”; provided that such requested currency otherwise meets the requirements set forth in such definition.  Any
such request shall be made to the Administrative Agent (which shall promptly notify each Lender thereof) not later than 12:00 noon twelve Business Days prior to the date of the desired Credit Extension.  Each Lender shall notify the
Administrative Agent, not later than 12:00 noon ten Business Days after receipt of such request whether it consents, in its sole discretion, to making Revolving Loans in such requested currency.  Any failure by a Lender to respond to such
request within the time period specified in the preceding sentence shall be deemed to be a refusal by such Lender to make Revolving Loans in such requested currency.  If all the Lenders consent to making Revolving Loans in such requested
currency, the Administrative Agent shall so notify the Borrower and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder.  Upon any Lender’s refusal to make Revolving Loans in the additional
requested currency, the Borrower may replace such Lender in accordance with Section 11.16. 
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1.10   Redenomination of Certain Alternative Currencies.
            (a)     Each obligation of the Borrower to make a payment denominated in the national currency unit of any member state of the European Union
that adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption (in accordance with the EMU Legislation).  If, in relation to the currency of any such member state, the basis of
accrual of interest expressed in this Agreement in respect of that currency shall be inconsistent with any convention or practice in the London interbank market for the basis of accrual of interest in respect of the Euro, such expressed basis shall
be replaced by such convention or practice with effect from the date on which such member state adopts the Euro as its lawful currency; provided that if any Borrowing in the currency of such member state is outstanding immediately prior to
such date, such replacement shall take effect, with respect to such Borrowing, at the end of the then current Interest Period.
            (b)     Each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from
time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or practices relating to the Euro.
 
 ARTICLE II
 THE COMMITMENTS AND CREDIT EXTENSIONS
            
2.01   Revolving Loans and Term Loan.
            (a)     Revolving
Loans.  Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to
time on any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to any Borrowing of
Revolving Loans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, (ii) the aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding
Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment and (iii) the aggregate Outstanding Amount of all Revolving Loans
denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this
Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Revolving Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, provided, however, all Borrowings made on the Closing
Date shall be made as Base Rate Loans.
           (b)     Term Loan.  Subject to the terms and conditions set
forth herein, each Lender severally agrees to make its portion of a term loan (the “Term Loan”) to the Borrower in Dollars on the Closing Date in an amount not to exceed such Lender’s Term Loan Commitment.  Amounts repaid
on the Term Loan may not be reborrowed. The Term Loan may consist of Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, provided, however, all Borrowings made on the Closing Date shall be made as Base Rate
Loans.
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2.02   Borrowings, Conversions and Continuations of Loans.
            (a)      Each Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurocurrency Rate Loans shall be
made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone.  Each such notice must be received by the Administrative Agent not later than 11:00 a.m. (i) three Business Days prior to the
requested date of any Borrowing of, conversion to or continuation of, Eurocurrency Rate Loans denominated in Dollars or of any conversion of Eurocurrency Rate Loans denominated in Dollars to Base Rate Loans, (ii) four Business Days (or five Business
Days in the case of Special Notice Currency) prior to the requested date of any Borrowing of, conversion to or continuation of, Eurocurrency Rate Loans denominated in Alternative Currencies and (ii) on the requested date of any Borrowing of Base
Rate Loans.  Each telephonic notice by the Borrower pursuant to this Section 2.02(b) must be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer
of the Borrower.  Each Borrowing of, conversion to or continuation of Eurocurrency Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof.  Except as provided in Sections 2.03(c)
and 2.04(c), each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof.  Each Loan Notice (whether telephonic or written) shall specify (i) whether the
Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Eurocurrency Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business
Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the currency and Type of Loans to be borrowed or to which existing Loans are to be converted, and (v) if applicable, the duration of the Interest Period with
respect thereto.  If the Borrower fails to specify a Type of a Loan in a Loan Notice, then such Loan shall be made as a Base Rate Loan.  If the Borrower requests a Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans in
any Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.  If the Borrower fails to give a timely notice requesting a conversion or continuation of a Eurocurrency Loan, then
such Eurocurrency Loan shall be converted to a Base Rate Loan on the last day of the Interest Period applicable thereto, provided, however, that in the case of a failure to timely request a continuation of a Revolving Loan denominated
in an Alternative Currency, such Revolving Loan shall be continued as a Eurocurrency Rate Loan in its original currency with an Interest Period of one month.  No Revolving Loan may be converted into or continued as a Revolving Loan denominated
in a different currency, but instead must be prepaid in the original currency of such Loan and reborrowed in the other currency.
           (b)     Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Pro Rata Share of
the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans or continuation of Revolving
Loans denominated in an Alternative Currency, in each case as described in the preceding subsection.  In the case of a Borrowing, each Lender shall make the amount of its Loan available to the Administrative Agent in Same Day Funds at the
Administrative Agent’s Office for the Applicable Currency not later than 1:00 p.m. in the case of any Loan denominated in Dollars, and not later than the Applicable Time specified by the Administrative Agent in the case of any Loan denominated
in Alternative Currency, in each case on the Business Day specified in the applicable Loan Notice.  Upon satisfaction of the applicable conditions set forth in Section 5.02 (and, if such Borrowing is the initial Credit Extension,
Section 5.01), the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of Bank of America with
the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower; provided, however, that if, on the date of
a Borrowing of Revolving Loans in Dollars, there are Swing Line Loans or L/C Borrowings outstanding, then the proceeds of such Borrowing shall be
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 applied, first, to the payment in full of any such L/C Borrowings, second, to the payment in full of any such Swing Line Loans, and third, to the Borrower as
provided above.
            (c)     Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or
converted only on the last day of the Interest Period for such Eurocurrency Rate Loan.  During the existence of a Default or Event of Default, no Loans may be requested as, converted to or continued as Eurocurrency Rate Loans without the
consent of the Required Lenders, and the Required Lenders may demand that (i) any or all of the then outstanding Eurocurrency Rate Loans denominated in Dollars be converted immediately to Base Rate Loans and (ii) any or all of the then outstanding
Eurocurrency Rate Loans denominated in an Alternative Currency be prepaid on the last day of the then current Interest Period with respect thereto.
            (d)     The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest Period
for Eurocurrency Rate Loans upon determination of such interest rate.  The determination of the Eurocurrency Rate by the Administrative Agent shall be conclusive in the absence of manifest error.  At any time that Base Rate Loans are
outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used in determining the Base Rate promptly following the public announcement of such change.
            (e)     After giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as
the same Type, there shall not be more than five Interest Periods in effect with respect to Revolving Loans and five Interest Periods in effect with respect to the Term Loan. 
           
2.03   Letters of Credit.

	            (a)     The Letter of Credit Commitment.
 
	  
 	  
 
	  
 	          (i)     Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon
the agreements of the other Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit in Dollars for the
account of the Borrower or any of its Subsidiaries, and to amend or renew Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor drafts under the Letters of Credit; and (B) the Lenders severally agree to
participate in Letters of Credit issued for the account of the Borrower; provided that the L/C Issuer shall not be obligated to make any L/C Credit Extension with respect to any Letter of Credit, and no Lender shall be obligated to
participate in any Letter of Credit if as of the date of such L/C Credit Extension, (x) the Total Revolving Outstandings would exceed the Aggregate Revolving Commitments, (y) the aggregate Outstanding Amount of the Revolving Loans of any Lender,
plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans would exceed such Lender’s Revolving Commitment or
(z) the Outstanding Amount of the L/C Obligations would exceed the Letter of Credit Sublimit.  Within the foregoing limits, and subject to the terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully
revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed.
 

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 	            (ii)    The L/C Issuer shall be under no obligation to issue any Letter of Credit
if:
 
	  
 	  
 
	  
 	  
 	            (A)     any order, judgment or decree of any Governmental Authority or arbitrator shall by its
terms purport to enjoin or restrain the L/C Issuer from issuing such Letter of Credit, or any Law applicable to the L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction
over the L/C Issuer shall prohibit, or request that the L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the L/C Issuer with respect to such Letter of Credit any
restriction, reserve or capital requirement (for which the L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the L/C Issuer any unreimbursed loss, cost or expense which was not applicable on
the Closing Date and which the L/C Issuer in good faith deems material to it;
 
	  
 	  
 	  
 
	  
 	  
 	           (B)      subject to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit
would occur more than twelve months after the date of issuance or last renewal, unless the Required Lenders have approved such expiry date;
 
	  
 	  
 	  
 
	  
 	  
 	            (C)     the expiry date of such requested Letter of Credit would occur after the Letter of
Credit Expiration Date, unless all the Lenders have approved such expiry date;
 
	  
 	  
 	  
 
	  
 	  
 	           (D)     the issuance of such Letter of Credit would violate one or more policies of the L/C Issuer;
or
 
	  
 	  
 	  
 
	  
 	  
 	           (E)     such Letter of Credit is in an initial amount less than $100,000, in the case of a
commercial Letter of Credit, or $500,000, in the case of a standby Letter of Credit, or is to be denominated in a currency other than Dollars.
 
	  
 	  
 	  
 
	  
 	            (iii)   The L/C Issuer shall be under no obligation to amend any Letter of Credit if (A) the
L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit.

	  
 	  
 	  
 
	  
 	            (iv)    The L/C Issuer shall be under no obligation to issue or amend any Letter of
Credit if the L/C Issuer has received written notice from any Lender, the Administrative Agent or any Loan Party, on or prior to the Business Day prior to the requested date of issuance or amendment of such Letter of Credit, that one or more
applicable conditions contained in Article V shall not then be satisfied.
 
	  
 
	           (b)      Procedures for Issuance and Amendment of Letters of Credit;
Auto-Renewal Letters of Credit.
 
	  
 	  
 
	  
 	            (i)     Each Letter of Credit shall be issued or amended, as the case may be, upon
the request of the Borrower delivered to the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower.  Such Letter of Credit
Application must be received by the L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two (2) Business Days (or such later date and time as the L/C Issuer may agree in a particular instance in its sole discretion) prior to
the proposed issuance date or date of amendment, as the case may be.  In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer: (A)
the proposed issuance date of the requested Letter of
 

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 	  Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented
by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (G) such other matters as the L/C Issuer may reasonably require.  In the case
of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof
(which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C Issuer may reasonably require.
 
	  
 	  
 
	  
 	          (ii)     Promptly after receipt of any Letter of Credit Application, the L/C Issuer will confirm with
the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower and, if not, the L/C Issuer will provide the Administrative Agent with a copy
thereof.  Upon receipt by the L/C Issuer of confirmation from the Administrative Agent that the requested issuance or amendment is permitted in accordance with the terms hereof, then, subject to the terms and conditions hereof, the L/C Issuer
shall, on the requested date, issue a Letter of Credit for the account of the Borrower or enter into the applicable amendment, as the case may be, in each case in accordance with the L/C Issuer’s usual and customary business practices. 
Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the L/C Issuer a risk participation in such Letter of Credit in an amount equal to the
product of such Lender’s Pro Rata Share times the amount of such Letter of Credit.
 
	  
 	  
 
	  
 	           (iii)     If the Borrower so requests in any applicable Letter of Credit Application, the L/C Issuer
may, in its sole and absolute discretion, agree to issue a Letter of Credit that has automatic renewal provisions (each, an “Auto-Renewal Letter of Credit”); provided that any such Auto-Renewal Letter of Credit must
permit the L/C Issuer to prevent any such renewal at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the
“Nonrenewal Notice Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued.  Unless otherwise directed by the L/C Issuer, the Borrower shall not be required to make a specific
request to the L/C Issuer for any such renewal.  Once an Auto-Renewal Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) the L/C Issuer to permit the renewal of such Letter of Credit at any
time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that the L/C Issuer shall not permit any such renewal if (A) the L/C Issuer has determined that it would have no obligation at such time to
issue such Letter of Credit in its renewed form under the terms hereof (by reason of the provisions of Section 2.03(a)(ii) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is two
Business Days before the Nonrenewal Notice Date (1) from the Administrative Agent that the Required Lenders have elected not to permit such renewal or (2) from the Administrative Agent, any Lender or the Borrower that one or more of the applicable
conditions specified in Section 5.02 is not then satisfied.
 
	  
 	  
 
	  
 	          (iv)     Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit
to an advising bank with respect thereto or to the beneficiary thereof, the L/C Issuer will also deliver to the Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment.
 

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	            (c)     Drawings and Reimbursements; Funding of Participations.

	  
 	  
 
	  
 	          (i)     Upon receipt from the beneficiary of any Letter of Credit of any notice of drawing
under such Letter of Credit, the L/C Issuer shall notify the Borrower and the Administrative Agent thereof.  Not later than 11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit (each such date, an “Honor
Date”), the Borrower shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing in Dollars.  If the Borrower fails to so reimburse the L/C Issuer by such time, the Administrative
Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Lender’s Pro Rata Share thereof.  In such event, the Borrower shall be
deemed to have requested a Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base
Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Revolving Commitments and the conditions set forth in Section 5.02 (other than the delivery of a Loan Notice).  Any notice given by the L/C Issuer or the
Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of
such notice.
 
	  
 	  
 
	  
 	         (ii)     Each Lender (including the Lender acting as L/C Issuer) shall upon any notice pursuant
to Section 2.03(c)(i) make funds available to the Administrative Agent for the account of the L/C Issuer at the Administrative Agent’s Office for payments in Dollars in an amount equal to its Pro Rata Share of the Unreimbursed Amount not
later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to have made a Base Rate
Loan to the Borrower in such amount.  The Administrative Agent shall remit the funds so received to the L/C Issuer.
 
	  
 	  
 
	  
 	          (iii)    With respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of
Base Rate Loans because the conditions set forth in Section 5.02 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is
not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate.  In such event, each Lender’s payment to the Administrative Agent for the account of the L/C
Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section
2.03.
 
	  
 	  
 
	  
 	         (iv)     Until each Lender funds its Revolving Loan or L/C Advance pursuant to this Section
2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Pro Rata Share of such amount shall be solely for the account of the L/C Issuer.
 
	  
 	  
 	  
 
	  
 	          (v)     Each Lender’s obligation to make Revolving Loans or L/C Advances to reimburse the
L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any set-off, counterclaim, recoupment, defense or
other right which such Lender may have against the L/C Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or
 

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 	  condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation to make Revolving Loans pursuant to this
Section 2.03(c) is subject to the conditions set forth in Section 5.02 (other than delivery by the Borrower of a Loan Notice).  No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to
reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of Credit, together with interest as provided herein.
 
	  
 	  
 
	  
 	         (vi)     If any Lender fails to make available to the Administrative Agent for the account of
the L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), the L/C Issuer shall be entitled to recover from such Lender
(acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the L/C Issuer at a rate per annum equal to
the Federal Funds Rate from time to time in effect.  A certificate of the L/C Issuer submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest
error.
 
	  
 	  
 
	            (d)     Repayment of Participations.
 
	  
 	  
 	  
 
	  
 	          (i)     At any time after the L/C Issuer has made a payment under any Letter of Credit and has
received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of the L/C Issuer any payment in respect of the related Unreimbursed
Amount or interest thereon (whether directly from the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata Share thereof
(appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.
 
	  
 	  
 
	  
 	         (ii)     If any payment received by the Administrative Agent for the account of the L/C Issuer
pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 11.06 (including pursuant to any settlement entered into by the L/C Issuer in its discretion), each Lender shall pay to the
Administrative Agent for the account of the L/C Issuer its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal
to the Federal Funds Rate from time to time in effect.
 
	  
 	  
 
	            (e)     Obligations Absolute.  The obligation of the Borrower to
reimburse the L/C Issuer for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all
circumstances, including the following:
 
	  
 	  
 
	  
 	            (i)     any lack of validity or enforceability of such Letter of Credit, this
Agreement, any other Loan Document or any other agreement or instrument relating thereto;
 
	  
 	  
 
	  
 	           (ii)     the existence of any claim, counterclaim, set-off, defense or other right
that the Borrower may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the L/C Issuer or any other Person, whether in connection
with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction;
 

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 	            (iii)     any draft, demand, certificate or other document presented under such Letter of
Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a
drawing under such Letter of Credit;
 
	  
 	  
 
	  
 	            (iv)     any payment by the L/C Issuer under such Letter of Credit against presentation of a
draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for
the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or

	  
 	  
 
	  
 	           (v)     any other circumstance or happening whatsoever, whether or not similar to any of the
foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower.
 

            The Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance
with the Borrower’s instructions or other irregularity, the Borrower will immediately notify the L/C Issuer.  The Borrower shall be conclusively deemed to have waived any such claim against the L/C Issuer and its correspondents unless such
notice is given as aforesaid.
            (f)       Role of L/C Issuer.  Each Lender and the Borrower
agree that, in paying any drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain
or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.  None of the L/C Issuer, any Agent-Related Person nor any of the respective correspondents, participants or
assignees of the L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in the
absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Letter of Credit Application.  The Borrower hereby assumes
all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing such
rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement.  None of the L/C Issuer, any Agent-Related Person, nor any of the respective correspondents, participants or assignees of the L/C
Issuer, shall be liable or responsible for any of the matters described in clauses (i) through (v) of Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrower may have a
claim against the L/C Issuer, and the L/C Issuer may be liable to the Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Borrower which the Borrower proves were caused by
the L/C Issuer’s willful misconduct or gross negligence or the L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the
terms and conditions of a Letter of Credit.  In furtherance and not in limitation of the foregoing, the L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of
any notice or information to the contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits
thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason.
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            (g)       Cash Collateral.  Upon the request of the Administrative
Agent, (i) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (ii) if, as of the Letter of Credit Expiration Date, any Letter of Credit may for any
reason remain outstanding and partially or wholly undrawn, the Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations (in an amount equal to such Outstanding Amount determined as of the date of such L/C
Borrowing or the Letter of Credit Expiration Date, as the case may be).  For purposes hereof, “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the L/C Issuer and
the Lenders, as collateral for the L/C Obligations, cash or deposit account balances pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the L/C Issuer (which documents are hereby consented to by
the Lenders).  Derivatives of such term have corresponding meanings.  The Borrower hereby grants to the Administrative Agent, for the benefit of the L/C Issuer and the Lenders, a security interest in all such cash, deposit accounts and all
balances therein and all proceeds of the foregoing.  Cash collateral shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America (or, if the Borrower reasonably requests, an interest bearing account).
 
          (h)       Applicability of ISP98 and UCP.  Unless otherwise expressly agreed by the L/C Issuer and the
Borrower when a Letter of Credit is issued, (i) the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time
of issuance) shall apply to each standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce (the “ICC”) at the time
of issuance (including the ICC decision published by the Commission on Banking Technique and Practice on April 6, 1998 regarding the European single currency (euro)) shall apply to each commercial Letter of Credit.
           (i)       Letter of Credit Fees.  The Borrower shall pay to the Administrative Agent for the account of each Lender in
accordance with its Pro Rata Share (i) a Letter of Credit fee for each commercial Letter of Credit equal to the Applicable Rate times the daily maximum amount available to be drawn under such Letter of Credit (whether or not such maximum
amount is then in effect under such Letter of Credit) and (ii) a Letter of Credit fee for each standby Letter of Credit equal to the Applicable Rate times the daily maximum amount available to be drawn under such Letter of Credit (whether or
not such maximum amount is then in effect under such Letter of Credit).  Such Letter of Credit fees shall be computed on a quarterly basis in arrears.  Such letter of credit fees shall be due and payable on the first Business Day after the
end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand.  If there is any change in the
Applicable Rate during any quarter, the daily maximum amount of each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.
 
          (j)       Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer.  The Borrower shall
pay directly to the L/C Issuer for its own account (i) with respect to each commercial Letter of Credit, a fronting fee in an amount equal to 1/8 of 1% on the amount of such commercial Letter of Credit, due and payable upon the issuance thereof and
(ii) with respect to each standby Letter of Credit, a fronting fee in an amount equal to 1/8 of 1% per annum on the daily maximum amount available to be drawn thereunder (whether or not such maximum amount is then in effect under such Letter of
Credit), due and payable quarterly in arrears on the Business Day immediately following the last Business Day of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, and
on the Letter of Credit Expiration Date.  In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the
L/C Issuer relating to letters of
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  credit as from time to time in effect.  Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
            (k)       Conflict with Letter of Credit Application.  In the event of any conflict between the terms hereof and the
terms of any Letter of Credit Application, the terms hereof shall control.
            
2.04   Swing Line Loans.
            (a)       Swing Line
Facility.  Subject to the terms and conditions set forth herein, the Swing Line Lender agrees to make loans (each such loan, a “Swing Line Loan”) to the Borrower in Dollars from time to time on any Business Day during the
Availability Period in an aggregate amount not to exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the Pro Rata Share of the Outstanding Amount of
Revolving Loans and L/C Obligations of the Swing Line Lender in its capacity as a Lender of Revolving Loans, may exceed the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to any Swing
Line Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding
Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment, and provided, further, that the Borrower shall not
use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan.  Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.04, prepay under
Section 2.05, and reborrow under this Section 2.04.  Each Swing Line Loan shall be a Base Rate Loan.  Immediately upon the making of a Swing Line Loan, each Lender shall be deemed to, and hereby irrevocably and
unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Loan.
           (b)       Borrowing Procedures.  Each Borrowing of Swing Line Loans shall be made upon the Borrower’s
irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by telephone.  Each such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the requested
borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum principal amount of $100,000 and integral multiples of $50,000 in excess thereof, and (ii) the requested borrowing date, which shall be a Business Day. 
Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower.  Promptly
after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan
Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof.  Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent
(including at the request of any Lender) prior to 2:00 p.m. on the date of the proposed Borrowing of Swing Line Loans (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the proviso to the
first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article V is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 3:00
p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrower.
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	            (c)     Refinancing of Swing Line Loans.
 
	  
 	  
 
	  
 	            (i)     The Swing Line Lender at any time in its sole and absolute discretion may request, on
behalf of the Borrower (which hereby irrevocably requests and authorizes the Swing Line Lender to so request on its behalf), that each Lender make a Base Rate Loan in an amount equal to such Lender’s Pro Rata Share of the amount of Swing Line
Loans then outstanding.  Such request shall be made in writing (which written request shall be deemed to be a Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and
multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Aggregate Revolving Commitments and the conditions set forth in Section 5.02.  The Swing Line Lender shall furnish the
Borrower with a copy of the applicable Loan Notice promptly after delivering such notice to the Administrative Agent.  Each Lender shall make an amount equal to its Pro Rata Share of the amount specified in such Loan Notice available to the
Administrative Agent in immediately available funds for the account of the Swing Line Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such Loan Notice, whereupon, subject to Section
2.04(c)(ii), each Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount.  The Administrative Agent shall remit the funds so received to the Swing Line Lender.
 
	  
 	  
 
	  
 	           (ii)     If for any reason any Swing Line Loan cannot be refinanced by such a Borrowing of
Revolving Loans in accordance with Section 2.04(c)(i), the request for Base Rate Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request by the Swing Line Lender that each of the Lenders fund its risk
participation in the relevant Swing Line Loan and each Lender’s payment to the Administrative Agent for the account of the Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such
participation.
 
	  
 	  
 
	  
 	            (iii)     If any Lender fails to make available to the Administrative Agent for the account of
the Swing Line Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(i), the Swing Line Lender shall be entitled to recover from such
Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Swing Line Lender at a rate per
annum equal to the Federal Funds Rate from time to time in effect.  A certificate of the Swing Line Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive
absent manifest error.
 
	  
 	  
 
	  
 	           (iv)     Each Lender’s obligation to make Revolving Loans or to purchase and fund risk
participations in Swing Line Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any set-off, counterclaim, recoupment, defense or other right that such
Lender may have against the Swing Line Lender, the Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the
foregoing; provided, however, that each Lender’s obligation to make Revolving Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in Section 5.02.  No such purchase or funding of risk
participations shall relieve or otherwise impair the obligation of the Borrower to repay Swing Line Loans, together with interest as provided herein.
 
	  
 	  
 
	            (d)     Repayment of Participations.
 
	  
 	  
 
	  
 	            (i)     At any time after any Lender has purchased and funded a risk participation in a Swing
Line Loan, if the Swing Line Lender receives any payment on account of such Swing Line Loan, the Swing Line Lender will distribute to such Lender its Pro Rata Share of such payment (appropriately adjusted, in the case of interest payments, to
reflect the period of time during
 

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 	  which such Lender’s risk participation was funded) in the same funds as those received by the Swing Line Lender.
 
	  
 	  
 
	  
 	            (ii)     If any payment received by the Swing Line Lender in respect of principal or interest
on any Swing Line Loan is required to be returned by the Swing Line Lender under any of the circumstances described in Section 11.06 (including pursuant to any settlement entered into by the Swing Line Lender in its discretion), each Lender
shall pay to the Swing Line Lender its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the Federal Funds Rate. 
The Administrative Agent will make such demand upon the request of the Swing Line Lender.
 
	  
 	  
 
	            (e)     Interest for Account of Swing Line Lender.  The Swing Line
Lender shall be responsible for invoicing the Borrower for interest on the Swing Line Loans.  Until each Lender funds its Revolving Loans that are Base Rate Loans or risk participation pursuant to this Section 2.04 to refinance such
Lender’s Pro Rata Share of any Swing Line Loan, interest in respect of such Pro Rata Share shall be solely for the account of the Swing Line Lender.
 
	  
 	  
 
	           (f)     Payments Directly to Swing Line Lender.  The Borrower shall
make all payments of principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender.
 
	  
 	  
 

            
2.05   Prepayments.

	            (a)     Voluntary Prepayments of Loans.
 
	  
 	  
 
	  
 	           (i)     Revolving Loans and Term Loans.  The Borrower may, upon notice from the Borrower
to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans and the Term Loan in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not
later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of Eurocurrency Rate Loans denominated in Dollars, (B) four Business Days (or five Business Days in the case of Eurocurrency Loans denominated in Special Notice
Currencies) prior to any date of prepayment of Eurocurrency Rate Loans denominated in Alternative Currencies, and (C) on the date of prepayment of Base Rate Loans; (ii) any such prepayment of Eurocurrency Rate Loans shall be in a principal amount of
$1,000,000 or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (iii) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in
excess thereof (or, if less, the entire principal amount thereof then outstanding) and (iv) any prepayment of the Term Loan shall be applied to the remaining principal amortization payments in inverse order of maturity.  Each such notice shall
specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid.  The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share of such
prepayment.  If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.  Any prepayment of a Eurocurrency Rate
Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 3.05.  Each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Pro
Rata Shares.
 
	  
 	  
 
	  
 	          (ii)     Swing Line Loans.  The Borrower may, upon notice to the Swing Line Lender (with
a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that (i) such notice
 

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 	  must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (ii) any such prepayment shall be in
a minimum principal amount of $100,000 or a whole multiple of $50,000 in excess thereof (or, if less, the entire principal thereof then outstanding).  Each such notice shall specify the date and amount of such prepayment.  If such notice
is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.
 
	  
 	  
 
	            (b)     Mandatory Prepayments of Loans.
 
	  
 
	  
 	            (i)     Revolving Commitments.
 
	  
 	  
 
	  
 	  
 	            (A)     If for any reason (including exchange rate fluctuations) the Total Revolving
Outstandings at any time exceed the Aggregate Revolving Commitments then in effect, the Borrower shall immediately prepay Revolving Loans and/or the Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such
excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the Revolving Loans and Swing Line Loans the
Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect.
 
	  
 	  
 	  
 
	  
 	  
 	            (B)     If for any reason (including exchange rate fluctuations) the Outstanding Amount of all
Loans denominated in Alternative Currencies at such time exceeds the Alternative Currency Sublimit then in effect, the Borrower shall, within two Business Days after receipt of such notice, prepay Loans in an aggregate amount equal to such
excess.
 
	  
 	  
 	  
 
	  
 	           (ii)     Dispositions and Involuntary Dispositions.  The Borrower shall
prepay the Loans and Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to 100% of the Net Cash Proceeds of all Dispositions and Involuntary Dispositions to the extent such Net Cash Proceeds are not reinvested
in the same or similar Property within 90 days of the date of such Disposition  Such prepayment shall be due immediately upon the expiration of such 90 day period and shall be applied as set forth in clause (vii) below.
 
	  
 	  
 
	  
 	            (iii)    Excess Cash Flow.  Within ninetydays after the end of each fiscal
year commencing with the fiscal year ending December 31, 2003, the Borrower shall prepay the Loans and Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to seventy-five percent (75%) of Excess Cash Flow for
such fiscal year; provided, however, if the Consolidated Leverage Ratio as of the last day of such fiscal year is less than 1.0:1.0, then the Borrower shall not be required to make the foregoing payment for such fiscal year.  Any prepayment
pursuant to this clause (iii) shall be applied as set forth in clause (vii) below).
 
	  
 	  
 
	  
 	           (iv)    Debt Issuances.  Immediately upon receipt by the Borrower or any
Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Borrower shall prepay the Loans and Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to 100% of such Net Cash Proceeds (such prepayment to be
applied as set forth in clause (vii) below).
 
	  
 	  
 
	  
 	            (v)     Equity Issuances.  Immediately upon the receipt by the
Borrower or any Subsidiary of the Net Cash Proceeds of any Equity Issuance, the Borrower shall prepay the Loans and Cash Collateralize the L/C Obligations in an aggregate amount equal to 100% of such Net Cash Proceeds (such prepayment to be applied
as set forth in clause (vii) below).
 

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 	            (vi)     Principal Payments on FAC Loan.  Immediately upon the receipt
by the Borrower or any Subsidiary of any payment of principal on the FAC Loan, the Borrower shall prepay the Loans and Cash Collateralize the L/C Obligations in an aggregate amount equal to 100% of such payment (such prepayment to be applied as set
forth in clause (vii) below).
 
	  
 	  
 
	  
 	           (vii)     Application of Mandatory Prepayments.  All amounts required
to be paid pursuant to this Section 2.05(b) shall be applied as follows:
 
	  
 	  
 
	  
 	  
 	            (A)     with respect to all amounts prepaid pursuant to Section 2.05(b)(i)(A), to
Revolving Loans and Swing Line Loans and (after all Revolving Loans and all Swing Line Loans have been repaid) to Cash Collateralize L/C Obligations;
 
	  
 	  
 	  
 
	  
 	  
 	            (B)     with respect to all amounts prepaid pursuant to Section 2.05(b)(i)(B), to
Revolving Loans denominated in Alternative Currencies ; and
 
	  
 	  
 	  
 
	  
 	  
 	           (C)     with respect to all amounts prepaid pursuant to Section 2.05(b)(ii), pro rata to
the Term Loans (to the remaining principal amortization payments in inverse order of maturity) and the Revolving Loans, Swing Line Loans and L/C Obligations (to the Revolving Loans and Swing Line Loans and then (after all Revolving Loans and all
Swing Line Loans have been repaid) to Cash Collateralize L/C Obligations).
 
	  
 	  
 	  
 
	  
 	  
 	            (D)     with respect to all amounts prepaid pursuant to Section 2.05(b)(iii),
(iv), (v) and (vi), first to the Term Loans (to the remaining principal amortization payments in inverse order of maturity), then (after the Term Loans have been paid in full) to the Revolving Loans and Swing Line Loans (with a
corresponding reduction in the Aggregate Revolving Commitments) and then (after all Revolving Loans and all Swing Line Loans have been repaid) to Cash Collateralize L/C Obligations (with a corresponding reduction in the Aggregate Revolving
Commitments).
 
	  
 	  
 	  
 
	  
 	  
 	 Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurocurrency Rate Loans in direct order of Interest
Period maturities.  All prepayments under this Section 2.05(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of
prepayment.
 

            
2.06   Termination or Reduction of Aggregate Revolving Commitments.
            (a)     Optional Reductions.  The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Revolving
Commitments, or from time to time permanently reduce the Aggregate Revolving Commitments to an amount not less than the Outstanding Amount of Revolving Loans, Swing Line Loans and L/C Obligations; provided that (i) any such notice shall
be received by the Administrative Agent not later than 12:00 noon five (5) Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $1,000,000 or any whole multiple of
$500,000 in excess thereof and (iii) if, after giving effect to any reduction of the Aggregate Revolving Commitments, the Letter of Credit Sublimit, the Swing Line Sublimit or the Alternate Currency Sublimit exceeds the amount of the Aggregate
Revolving Commitments, such sublimit shall be automatically reduced by the amount of such excess.  The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Revolving
Commitments.  Any reduction of the Aggregate Revolving Commitments shall be applied to the Revolving Commitment of each Lender according to its Pro Rata Share.  All fees accrued with respect thereto until the effective date
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  of any termination of the Aggregate Revolving Commitments shall be paid on the effective date of such termination.
            (b)     Mandatory Reductions.  The Aggregate Revolving Commitments shall be permanently reduced in an amount equal to the amount
of any prepayment applied to the Revolving Loans, Swing Line Loans and L/C Obligations pursuant to Section 2.05(b)(ii), (iii), (iv), (v) and (vi).
            
2.07   Repayment of Loans.
            (a)     Revolving Loans.  The
Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.
            (b)     Swing Line Loans.  The Borrower shall repay each Swing Line Loan on the earlier to occur of (i) demand therefor by the
Swing Line Lender and (ii) the Maturity Date.
            (c)     Term Loan.  The Borrower shall repay the
outstanding principal amount of the Term Loan in installments on the dates and in the amounts set forth in the table below (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), unless
accelerated sooner pursuant to Section 9.02:

	 Payment Dates
 	   
 	   
 	  Principal Amortization Payment
 	   
 
	 
 	  
	 
 	 
 	  
 
	  March 31, 2003
 	  
 	  $
 	  1,875,000
 	  
 
	  June 30, 2003
 	  
 	  $
 	  1,875,000
 	  
 
	 September 30, 2003
 	  
 	  $
 	  1,875,000
 	  
 
	  December 31, 2003
 	  
 	  $
 	  1,875,000
 	  
 
	  March 31, 2004
 	  
 	  $
 	  2,500,000
 	  
 
	  June 30, 2004
 	  
 	  $
 	  2,500,000
 	  
 
	 September 30, 2004
 	  
 	  $
 	  2,500,000
 	  
 
	  December 31, 2004
 	  
 	  $
 	  2,500,000
 	  
 
	  March 31, 2005
 	  
 	  $
 	  3,125,000
 	  
 
	  June 30, 2005
 	  
 	  $
 	  3,125,000
 	  
 
	 September 30, 2005
 	  
 	  $
 	  3,125,000
 	  
 
	  Maturity Date
 	  
 	  $
 	  3,125,000
 	  
 

            
2.08   Interest.
            (a)      Subject to the provisions of
subsection (b) below, (i) each Eurocurrency Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the sum of (A) the Eurocurrency Rate for such Interest Period plus (B)
the Applicable Rate plus (C) for any Interest Period with respect to any Eurocurrency Rate Loan advanced by a Lender required to comply with the relevant requirements of the Bank of England and the Financial Services Authority of the United
Kingdom, the Mandatory Cost Rate for such Interest Period; (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the
Applicable Rate; and (iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate.
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            (b)     Upon the occurrence and during the continuation of an Event of Default, the Borrower
shall pay interest on the principal amount of all outstanding Obligations at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.
            (c)     Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as
may be specified herein.  Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.
            (d)     For the purposes of the Interest Act (Canada), (i) whenever a rate of interest or fee rate hereunder is calculated on the
basis of a year (the “deemed year”) that contains fewer days than the actual number of days in the calendar year of calculation, such rate of interest or fee rate shall be expressed as a yearly rate by multiplying such rate of interest or
fee rate by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year, (ii) the principal of deemed reinvestment of interest shall not apply to any interest calculation hereunder and (iii)
the rates of interest stipulated herein are intended to be nominal rates and not effective rates or yields.
            
2.09   Fees.
           In addition to certain fees described in subsections (i) and (j) of Section
2.03:

	  
 	            (a)     Commitment Fee.  The Borrower shall pay to the Administrative Agent for
the account of each Lender in accordance with its Pro Rata Share, a commitment fee equal to the product of (i) the Applicable Rate times (ii) the actual daily amount by which the Aggregate Revolving Commitments exceed the sum of (y) the
Outstanding Amount of Revolving Loans and (z) the Outstanding Amount of L/C Obligations. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article
V is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the Maturity Date. The commitment
fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that
such Applicable Rate was in effect.  For avoidance of doubt, for purposes of computation of the commitment fee, Swing Line Loans shall not be counted toward or considered usage of the Aggregate Revolving Commitments.
 
	  
 	  
 
	  
 	           (b)     Fee Letter.  The Borrower shall pay to the Arranger and the Administrative
Agent for their own respective accounts fees in the amounts and at the times specified in the Fee Letter.  Such fees shall be fully earned when paid and shall be non-refundable for any reason whatsoever.
 

 
          
2.10   Computation of Interest and Fees.
            All computations of interest for Base Rate Loans
when the Base Rate is determined by Bank of America’s “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.  All other computations of fees and interest shall be made
on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year) or, in the case of interest in respect of Loans denominated in Alternative
Currencies as to which market practice differs from the foregoing, in accordance with such market practice.  Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for
the day on which the Loan or such portion is paid, provided
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  that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day.
           
2.11   Evidence of Debt.
            (a)     The Credit Extensions made by each
Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business.  The accounts or records maintained by the Administrative Agent and each Lender shall be
conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrower and the interest and payments thereon.  Any failure to so record or any error in doing so shall not, however, limit or otherwise affect
the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations.  In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent
in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error.  Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to
such Lender (through the Administrative Agent) a promissory note, which shall evidence such Lender’s Loans in addition to such accounts or records.  Each such promissory note shall (i) in the case of Revolving Loans, be in the form of
Exhibit C-1 (a “Revolving Note”), (ii) in the case of Swing Line Loans, be in the form of Exhibit C-2 (a “Swing Line Note”) and (iii) in the case of the Term Loan, be in the form of Exhibit C-3
(a “Term Note”).  Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto.
           (b)     In addition to the accounts and records referred to in subsection (a), each Lender and the Administrative Agent shall maintain in
accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans.  In the event of any conflict between the accounts and records maintained by
the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error.
            
2.12   Payments Generally.
            (a)     All payments to be made by the
Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff.  Except as otherwise expressly provided herein and except with respect to principal of and interest on Loans denominated in Alternative
Currency, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in Same Day Funds not later
than 2:00 p.m. on the date specified herein.  Except as otherwise expressly provided herein, all payments by the Borrower hereunder with respect to principal of and interest on Loans denominated in Alternative Currency shall be made to the
Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in such Alternative Currency and in Same Day Funds not later than the Applicable Time specified by the
Administrative Agent on the dates specified herein.  The Administrative Agent will promptly distribute to each Lender its Pro Rata Share (or other applicable share as provided herein) of such payment in like funds as received by wire transfer
to such Lender’s Lending Office.  All payments received by the Administrative Agent (i) after 2:00 p.m., in the case of payments in Dollars, or (ii) after the Applicable Time specified by the Administrative Agent in the case of payments in
an Alternative Currency, shall in each case be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue.
           (b)     Subject to the definition of “Interest Period”, if any payment to be made by the Borrower shall come due on a day other
than a Business Day, payment shall be made on the next following
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  Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.
            (c)     If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal,
L/C Borrowings, interest and fees then due hereunder, such funds shall be applied (i) first, toward costs and expenses (including Attorney Costs and amounts payable under Article III) incurred by the Administrative Agent and
each Lender, (ii) second, toward repayment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (iii) third,
toward repayment of principal and L/C Borrowings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and L/C Borrowings then due to such parties.
            (d)     Unless the Borrower or any Lender has notified the Administrative Agent, prior to the date any payment is required to be made by it
to the Administrative Agent hereunder, that the Borrower or such Lender, as the case may be, will not make such payment, the Administrative Agent may assume that the Borrower or such Lender, as the case may be, has timely made such payment and may
(but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto.  If and to the extent that such payment was not in fact made to the Administrative Agent in Same Day Funds,
then:

	  
 	           (i)     if the Borrower failed to make such payment, each Lender shall forthwith on demand
repay to the Administrative Agent the portion of such assumed payment that was made available to such Lender in Same Day Funds, together with interest thereon in respect of each day from and including the date such amount was made available by the
Administrative Agent to such Lender to the date such amount is repaid to the Administrative Agent in Same Day Funds at the applicable Overnight Rate from time to time in effect; and
 
	  
 	  
 
	  
 	            (ii)     if any Lender failed to make such payment, such Lender shall forthwith on demand pay
to the Administrative Agent the amount thereof in Same Day Funds, together with interest thereon for the period from the date such amount was made available by the Administrative Agent to the Borrower to the date such amount is recovered by the
Administrative Agent (the “Compensation Period”) at a rate per annum equal to the applicable Overnight Rate from time to time in effect. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute
such Lender’s Loan included in the applicable Borrowing.  If such Lender does not pay such amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent may make a demand therefor upon the Borrower, and
the Borrower shall pay such amount to the Administrative Agent, together with interest thereon for the Compensation Period at a rate per annum equal to the rate of interest applicable to the applicable Borrowing.  Nothing herein shall be deemed
to relieve any Lender from its obligation to fulfill its Commitment or to prejudice any rights which the Administrative Agent or the Borrower may have against any Lender as a result of any default by such Lender hereunder.
 
	  
 	  
 
	  
 	 A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this subsection (c) shall be conclusive, absent manifest error.

	  
 	  
 
	            (e)     If any Lender makes available to the Administrative Agent funds for any
Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth
in Article V are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.
 

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	            (f)     The obligations of the Lenders hereunder to make Loans and to fund participations in
Letters of Credit and Swing Line Loans are several and not joint.  The failure of any Lender to make any Loan or to fund any such participation on any date required hereunder shall not relieve any other Lender of its corresponding obligation to
do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or purchase its participation.
 
	  
 
	           (g)     Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan
in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner.
 

            
2.13   Sharing of Payments.
            If, other than as expressly provided elsewhere herein, any Lender
shall obtain on account of the Loans made by it, or the participations in L/C Obligations or in Swing Line Loans held by it (but not including any amounts applied by the Swing Line Lender to outstanding Swing Line Loans), any payment (whether
voluntary, involuntary, through the exercise of any right of set-off, or otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent of such fact, and
(b) purchase from the other Lenders such participations in the Loans made by them and/or such subparticipations in the participations in L/C Obligations or Swing Line Loans held by them, as the case may be, as shall be necessary to cause such
purchasing Lender to share the excess payment in respect of such Loans or such participations, as the case may be, pro rata with each of them; provided, however, that if all or any portion of such excess payment is thereafter recovered
from the purchasing Lender under any of the circumstances described in Section 11.06 (including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase shall to that extent be rescinded and each
other Lender shall repay to the purchasing Lender the purchase price paid therefor, together with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such paying Lender’s required
repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest thereon.  The Borrower
agrees that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off, but subject to Section 11.09) with respect to such
participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation.  The Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of
participations purchased under this Section and will in each case notify the Lenders following any such purchases or repayments.  Each Lender that purchases a participation pursuant to this Section shall from and after such purchase have the
right to give all notices, requests, demands, directions and other communications under this Agreement with respect to the portion of the Obligations purchased to the same extent as though the purchasing Lender were the original owner of the
Obligations purchased.
 
ARTICLE III
  TAXES, YIELD PROTECTION AND ILLEGALITY
            
3.01   Taxes.  
            (a)     Subject to Section 11.15, any
and all payments by any Loan Party to or for the account of the Administrative Agent or any Lender under any Loan Document shall be made free and clear of and without deduction for any and all present or future taxes, duties, levies, imposts,
deductions, assessments,
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  fees, withholdings or similar charges, and all liabilities with respect thereto, excluding, in the case of the Administrative Agent and each Lender, taxes imposed on or
measured by its overall net income, and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the Laws of which the Administrative Agent or such Lender, as the case may be, is
organized or maintains a lending office (all such non-excluded taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges, and liabilities being hereinafter referred to as “Taxes”).  If any
Loan Party shall be required by any Laws to deduct any Taxes from or in respect of any sum payable under any Loan Document to the Administrative Agent or any Lender, (i) the sum payable shall be increased as necessary so that after making all
required deductions (including deductions applicable to additional sums payable under this Section), each of the Administrative Agent and such Lender receives an amount equal to the sum it would have received had no such deductions been made, (ii)
such Loan Party shall make such deductions, (iii) such Loan Party shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with applicable Laws, and (iv) within thirty days after the date of such
payment, such Loan Party shall furnish to the Administrative Agent (which shall forward the same to such Lender) the original or a certified copy of a receipt evidencing payment thereof, or if no receipt is available, other evidence of payment
reasonably satisfactory to the Administrative Agent.
           (b)     In addition, the Borrower agrees to pay any and all
present or future stamp, court or documentary taxes and any other excise or property taxes or charges or similar levies which arise from any payment made under any Loan Document or from the execution, delivery, performance, enforcement or
registration of, or otherwise with respect to, any Loan Document (hereinafter referred to as “Other Taxes”).
            (c)     If the Borrower shall be required to deduct or pay any Taxes or Other Taxes from or in respect of any sum payable under any Loan
Document to the Administrative Agent or any Lender, the Borrower shall also pay to the Administrative Agent or to such Lender, as the case may be, at the time interest is paid, such additional amount that the Administrative Agent or such Lender
specifies is necessary to preserve the after-tax yield (after factoring in all taxes, including taxes imposed on or measured by net income) that the Administrative Agent or such Lender would have received if such Taxes or Other Taxes had not been
deducted or paid.  The Administrative Agent or any Lender entitled to any payment under Section 3.01(c) shall provide the Borrower with any evidence reasonably requested by the Borrower necessary to substantiate the calculation of such payment
in accordance with the provisions hereof.
            (d)     The Borrower agrees to indemnify the Administrative Agent and
each Lender for (i) the full amount of Taxes and Other Taxes (including any Taxes or Other Taxes imposed or asserted by any jurisdiction on amounts payable under this Section) paid by the Administrative Agent and such Lender, (ii) amounts payable
under Section 3.01(c) and (iii) any liability (including additions to tax, penalties, interest and expenses) arising therefrom or with respect thereto, in each case whether or not such Taxes or Other Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority.  Payment under this subsection (d) shall be made within thirty days after the date the Lender or the  Administrative Agent makes a demand therefor.
           (e)     If the Borrower (or any other Loan Party) is required to pay any amount to any Lender or the Administrative Agent pursuant to
subsection (c) or (d) of this Section 3.01, then such Lender shall use reasonable efforts (consistent with legal and regulatory restrictions) to change the jurisdiction of its Lending Office so as to eliminate any such additional payment which may
thereafter accrue, if such change in the reasonable judgment of such Lender is not otherwise disadvantageous to such Lender.
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            (f)     Each Lender agrees to promptly notify the Borrower of the first written assessment
of any Taxes, Other Taxes or additional amount specified under Section 3.01(c) payable by the Borrower (or any other Loan Party) hereunder which is received by such Lender, provided that failure to give such notice shall not prejudice the
Lender’s rights under Section 3.01 hereof.
            
3.02   Illegality.
            If any Lender determines that any Law has made it unlawful, or that any
Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Eurocurrency Rate Loans in the Applicable Currency, or to determine or charge interest rates based upon the
Eurocurrency Rate for the Applicable Currency, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, any Applicable Currency in the applicable interbank market,
then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to make or continue Eurocurrency Rate Loans in the Applicable Currency or to convert Base Rate Loans to Eurocurrency Rate Loans in
the Applicable Currency shall be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist.  Upon receipt of such notice, the Borrower shall, upon
demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, and such Eurocurrency Rate Loans are denominated in Dollars, convert all Eurocurrency Rate Loans of such Lender to Base Rate Loans, either on the last day
of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurocurrency Rate Loans.  Upon any such
prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted.  Each Lender agrees to designate a different Lending Office if such designation will avoid the need for such notice and will not, in
the good faith judgment of such Lender, otherwise be materially disadvantageous to such Lender.
           
3.03   Inability to Determine Rates.
            (a)     If the Administrative
Agent determines in connection with any request for a Eurocurrency Rate Loan or a conversion to or continuation thereof that (i) deposits in the Applicable Currency are not being offered to banks in the applicable offshore interbank market for such
currency for the applicable amount and Interest Period of such Eurocurrency Rate Loan, (ii) adequate and reasonable means do not exist for determining the Eurocurrency Base Rate for such Eurocurrency Rate Loan, or (iii) the Eurocurrency Rate for
such Eurocurrency Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Eurocurrency Rate Loan, the Administrative Agent will promptly notify the borrower and all Lenders.  Thereafter, the obligation of the
Lenders to make or maintain Eurocurrency Rate Loans in the Applicable Currency shall be suspended until the Administrative Agent revokes such notice.  Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing,
conversion or continuation of Eurocurrency Rate Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein.
            (b)     If any Mandatory Cost Reference Lender’s Commitment shall terminate (otherwise than on termination of the Aggregate Revolving
Commitments), or for any reason whatsoever any Mandatory Cost Reference Lender shall cease to be a Lender hereunder, such Mandatory Cost Reference Lender shall thereupon cease to be a Mandatory Cost Reference Lender, and, when necessary, the
Mandatory Cost Rate shall be determined on the basis of the rates as notified by the remaining Mandatory Cost Reference Lenders in accordance with Schedule 1.01.
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3.04   Increased Cost and Reduced Return; Capital Adequacy.
            (a)     If any Lender determines that as a result of the introduction of or any change in or in the interpretation of any Law, or such
Lender’s compliance therewith, there shall be any increase in the cost to such Lender of agreeing to make or making, funding or maintaining Eurocurrency Rate Loans or (as the case may be) issuing or participating in Letters of Credit, or a
reduction in the amount received or receivable by such Lender in connection with any of the foregoing (excluding for purposes of this subsection (a) any such increased costs or reduction in amount resulting from (i) Taxes or Other Taxes (as to which
Section 3.01 shall govern), (ii) changes in the basis of taxation of overall net income or overall gross income by the United States or any foreign jurisdiction or any political subdivision of either thereof under the Laws of which such
Lender is organized or has its Lending Office, and (iii) reserve requirements utilized, as to Eurocurrency Rate Loans, in the determination of the Eurocurrency Rate), then from time to time upon demand of such Lender (with a copy of such demand to
the Administrative Agent), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such increased cost or reduction.
            (b)     If any Lender determines that the introduction of any Law regarding capital adequacy or any change therein or in the interpretation
thereof, or compliance by such Lender (or its Lending Office) therewith, has the effect of reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as a consequence of such Lender’s obligations
hereunder (taking into consideration its policies with respect to capital adequacy and such Lender’s desired return on capital), then from time to time upon demand of such Lender (with a copy of such demand to the Administrative Agent), the
Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such reduction.
           
3.05   Funding Losses.
            Upon demand of any Lender (with a copy to the Administrative Agent)
from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

	  
 	            (a)     any continuation, conversion, payment or prepayment of any Loan other than
a Base Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);
 
	  
 	  
 
	  
 	            (b)     any failure by the Borrower (for a reason other than the failure of such
Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; or
 
	  
 	  
 
	  
 	            (c)     any failure by the Borrower to make payment of any Loan denominated in an
Alternative Currency on its scheduled due date or any payment thereof in a different currency; or
 
	  
 	  
 
	  
 	           (d)     any assignment of a Eurocurrency Rate Loan on a day other than the last day
of the Interest Period therefor as a result of:
 
	  
 	  
 
	  
 	  
 	            (i)     a request by the Borrower pursuant to Section 11.16; or
 
	  
 	  
 	  
 
	  
 	  
 	            (ii)     an assignment by Bank of America pursuant to Section 11.3(b) as part of the
primary syndication of the Commitments and Loans during the 180-day period immediately following the Closing Date, provided that Bank of America agrees to use reasonable efforts to reduce the breakage costs payable by the Borrower in
connection
 

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 	 therewith (including, without limitation, to the extent reasonably practical, closing such assignments at the end of Interest Periods of outstanding Eurocurrency Loans);

  including any foreign exchange losses and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate
the deposits from which such funds were obtained.  The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing.
            For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each
Eurocurrency Rate Loan made by it at the Eurocurrency Base Rate used in determining the Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the applicable offshore interbank market for such currency for a comparable amount
and for a comparable period, whether or not such Eurocurrency Rate Loan was in fact so funded.
            
3.06   Matters Applicable to all Requests for Compensation.
            (a)     A certificate of the Administrative Agent or any Lender claiming compensation under this Article III and setting forth the
additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error.  In determining such amount, the Administrative Agent or such Lender may use any reasonable averaging and attribution
methods.
           (b)     Upon any Lender’s making a claim for compensation under Section 3.01 or 3.04,
the Borrower may replace such Lender in accordance with Section 11.16.
            (c)     The Borrower shall not be
required to reimburse any Lender for any costs or expenses pursuant to Article III unless such Lender notifies the Borrower of such costs or expenses within 180 days following the date on which such costs or expenses are paid by the
Lender.
            
3.07   Survival.
            All of the Borrower’s obligations under this Article III shall
survive termination of the Aggregate Revolving Commitments and repayment of all other Obligations hereunder.
 
 ARTICLE IV
  GUARANTY
            
4.01   The Guaranty.
            Each of the Guarantors hereby jointly and severally guarantees to each
Lender, each Affiliate of a Lender that enters into a Swap Contract, and the Administrative Agent as hereinafter provided, as primary obligor and not as surety, the prompt payment of the Obligations in full when due (whether at stated maturity, as a
mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly in accordance with the terms thereof.  The Guarantors hereby further agree that if any of the Obligations are not paid in full when due (whether
at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise), the Guarantors will, jointly and severally, promptly pay the same, without any demand or notice whatsoever, and that in the case of
any extension of time of payment or renewal of any of the Obligations, the same will be promptly paid in full when due (whether at extended maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) in
accordance with the terms of such extension or renewal.
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            Notwithstanding any provision to the contrary contained herein or in any other of the Loan Documents or Swap
Contracts, the obligations of each Guarantor under this Agreement and the other Loan Documents shall be limited to an aggregate amount equal to the largest amount that would not render such obligations subject to avoidance under the Debtor Relief
Laws or any comparable provisions of any applicable state law.
            
4.02   Obligations Unconditional.
            The obligations of the Guarantors under
Section 4.01 are joint and several, absolute and unconditional, irrespective of the value, genuineness, validity, regularity or enforceability of any of the Loan Documents or Swap Contracts, or any other agreement or instrument referred
to therein, or any substitution, release, impairment or exchange of any other guarantee of or security for any of the Obligations, and, to the fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever which might
otherwise constitute a legal or equitable discharge or defense of a surety or guarantor, it being the intent of this Section 4.02 that the obligations of the Guarantors hereunder shall be absolute and unconditional under any and all
circumstances.  Each Guarantor agrees that such Guarantor shall have no right of subrogation, indemnity, reimbursement or contribution against the Borrower or any other Guarantor for amounts paid under this Article IV until such
time as the Obligations have been paid in full and the Commitment have expired or terminated.  Without limiting the generality of the foregoing, it is agreed that, to the fullest extent permitted by law, the occurrence of any one or more of the
following shall not alter or impair the liability of any Guarantor hereunder, which shall remain absolute and unconditional as described above:

	  
 	           (a)     at any time or from time to time, without notice to any Guarantor, the time
for any performance of or compliance with any of the Obligations shall be extended, or such performance or compliance shall be waived;
 
	  
 	  
 	  
 
	  
 	            (b)     any of the acts mentioned in any of the provisions of any of the Loan
Documents, any Swap Contract between any Loan Party and any Lender, or any Affiliate of a Lender, or any other agreement or instrument referred to in the Loan Documents or such Swap Contracts shall be done or omitted;
 
	  
 	  
 	  
 
	  
 	            (c)     the maturity of any of the Obligations shall be accelerated, or any of the
Obligations shall be modified, supplemented or amended in any respect, or any right under any of the Loan Documents, any Swap Contract between any Loan Party and any Lender, or any Affiliate of a Lender, or any other agreement or instrument referred
to in the Loan Documents or such Swap Contracts shall be waived or any other guarantee of any of the Obligations or any security therefor shall be released, impaired or exchanged in whole or in part or otherwise dealt with;
 
	  
 	  
 	  
 
	  
 	           (d)     any Lien granted to, or in favor of, the Administrative Agent or any Lender
or Lenders as security for any of the Obligations shall fail to attach or be perfected; or
 
	  
 	  
 	  
 
	  
 	            (e)     any of the Obligations shall be determined to be void or voidable
(including, without limitation, for the benefit of any creditor of any Guarantor) or shall be subordinated to the claims of any Person (including, without limitation, any creditor of any Guarantor).
 

            With respect to its obligations hereunder, each Guarantor hereby expressly waives diligence, presentment, demand of payment, protest and all notices whatsoever, and
any requirement that the Administrative Agent or any Lender exhaust any right, power or remedy or proceed against any Person under any of the Loan Documents, any Swap Contract between any Loan Party and any Lender, or any Affiliate of a Lender, or
any other agreement or instrument referred to in the Loan Documents or such Swap Contracts, or against any other Person under any other guarantee of, or security for, any of the Obligations.
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4.03   Reinstatement.
            The obligations of the Guarantors under this Article IV
shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of any Person in respect of the Obligations is rescinded or must be otherwise restored by any holder of any of the Obligations, whether as a
result of any proceedings in bankruptcy or reorganization or otherwise, and each Guarantor agrees that it will indemnify the Administrative Agent and each Lender on demand for all reasonable costs and expenses (including, without limitation,
reasonable and actual fees and expenses of counsel) incurred by the Administrative Agent or such Lender in connection with such rescission or restoration, including any such costs and expenses incurred in defending against any claim alleging that
such payment constituted a preference, fraudulent transfer or similar payment under any bankruptcy, insolvency or similar law.
            
4.04   Certain Additional Waivers.
            Without limiting the generality of the provisions of this
Article IV, each Guarantor hereby specifically waives the benefits of N.C. Gen. Stat. §§ 26-7 through 26-9, inclusive, to the extent applicable. Each Guarantor further agrees that such Guarantor shall have no right of recourse
to security for the Obligations, except through the exercise of rights of subrogation pursuant to Section 4.02 and through the exercise of rights of contribution pursuant to Section 4.06.
           
4.05   Remedies.
            The Guarantors agree that, to the fullest extent permitted by law, as between the
Guarantors, on the one hand, and the Administrative Agent and the Lenders, on the other hand, the Obligations may be declared to be forthwith due and payable as provided in Section 9.02 (and shall be deemed to have become automatically
due and payable in the circumstances provided in said Section 9.02) for purposes of Section 4.01 notwithstanding any stay, injunction or other prohibition preventing such declaration (or preventing the Obligations from
becoming automatically due and payable) as against any other Person and that, in the event of such declaration (or the Obligations being deemed to have become automatically due and payable), the Obligations (whether or not due and payable by any
other Person) shall forthwith become due and payable by the Guarantors for purposes of Section 4.01.  The Guarantors acknowledge and agree that their obligations hereunder are secured in accordance with the terms of the Collateral
Documents and that the Lenders may exercise their remedies thereunder in accordance with the terms thereof.
            
4.06   Rights of Contribution.
            The Guarantors hereby agree as among themselves that, if any
Guarantor shall make an Excess Payment (as defined below), such Guarantor shall have a right of contribution from each other Guarantor in an amount equal to such other Guarantor’s Contribution Share (as defined below) of such Excess
Payment.  The payment obligations of any Guarantor under this Section 4.06 shall be subordinate and subject in right of payment to the Obligations until such time as the Obligations have been paid in full and the Commitments have
expired or terminated, and none of the Guarantors shall exercise any right or remedy under this Section 4.06 against any other Guarantor until such Obligations have been paid in full and the Commitments have expired or terminated. 
For purposes of this Section 4.06, (a) “Excess Payment” shall mean the amount paid by any Guarantor in excess of its Ratable Share of any Guaranteed Obligations; (b) “Ratable Share” shall mean, for any Guarantor in
respect of any payment of Obligations, the ratio (expressed as a percentage) as of the date of such payment of Guaranteed Obligations of (i) the amount by which the aggregate present fair salable value of all of its assets and properties
exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate
present fair salable value
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  of all assets and other properties of all of the Loan Parties exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and
unliquidated liabilities, but excluding the obligations of the Loan Parties hereunder) of the Loan Parties; provided, however, that, for purposes of calculating the Ratable Shares of the Guarantors in respect of any payment of
Obligations, any Guarantor that became a Guarantor subsequent to the date of any such payment shall be deemed to have been a Guarantor on the date of such payment and the financial information for such Guarantor as of the date such Guarantor became
a Guarantor shall be utilized for such Guarantor in connection with such payment; (c) “Contribution Share” shall mean, for any Guarantor in respect of any Excess Payment made by any other Guarantor, the ratio (expressed as a percentage) as
of the date of such Excess Payment of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated,
unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of the Loan Parties other than the maker
of such Excess Payment exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties) of the Loan Parties other than the maker
of such Excess Payment; provided, however, that, for purposes of calculating the Contribution Shares of the Guarantors in respect of any Excess Payment, any Guarantor that became a Guarantor subsequent to the date of any such Excess
Payment shall be deemed to have been a Guarantor on the date of such Excess Payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such Excess
Payment; and (d) ”Guaranteed Obligations” shall mean the Obligations guaranteed by the Guarantors pursuant to this Article IV.  This Section 4.06 shall not be deemed to affect any right of subrogation,
indemnity, reimbursement or contribution that any Guarantor may have under Law against the Borrower in respect of any payment of Guaranteed Obligations.  Notwithstanding the foregoing, all rights of contribution against any Guarantor shall
terminate from and after such time, if ever, that such Guarantor shall be relieved of its obligations in accordance with Section 10.11.
           
4.07   Guarantee of Payment; Continuing Guarantee.
            The guarantee in this
Article IV is a guaranty of payment and not of collection, is a continuing guarantee, and shall apply to all Obligations whenever arising.
  
ARTICLE V
  CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
            
5.01   Conditions of Initial Credit Extension.
            The obligation of each Lender to make its
initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent:

	  
 	            (a)     Loan Documents.  Receipt by the Administrative Agent of executed
counterparts of this Agreement and the other Loan Documents, each properly executed by a Responsible Officer of the signing Loan Party and, in the case of this Agreement, by each Lender.
 
	  
 	  
 
	  
 	            (b)     Opinions of Counsel.  Receipt by the Administrative Agent of a favorable
opinion of Kilpatrick Stockton LLP, counsel to the Loan Parties, addressed to the Administrative Agent and each Lender, dated as of the Closing Date, and in form and substance satisfactory to the Administrative Agent.
 

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 	            (c)     Financial Statements.  The Administrative Agent shall have
received (in form and substance satisfactory to the Administrative Agent):
 
	  
 	  
 
	  
 	  
 	            (i)     consolidated and Consolidating financial statements of the Borrower and its
Subsidiaries for the fiscal years ended December 31, 1999, December 31, 2000 and December 31, 2001, including balance sheets and income and cash flow statements, prepared in conformity with GAAP and in the case of the consolidated financial
statements audited by independent public accountants of recognized national standing;
 
	  
 	  
 	  
 
	  
 	  
 	            (ii)     unaudited consolidated and Consolidating financial statements of the Borrower and its
Subsidiaries for (A) the fiscal quarter ending September 30, 2002 and (B) the months ending October 31, 2002 and November 30, 2002, including balance sheets and statements of income or operations and cash flows (the “Interim Financial
Statements”);
 
	  
 	  
 	  
 
	  
 	  
 	           (iii)    the statutory financial statements of Trophy for the fiscal years ended September 30, 2001
and September 30, 2002, including balance sheets and income statements (the “Acquired Company Statutory Financial Statements”);
 
	  
 	  
 	  
 
	  
 	  
 	            (iv)     unaudited financial statements of Trophy for the month ending November 30, 2002,
including balance sheets and statements of income or operations (the “Acquired Company Interim Financial Statements”);
 
	  
 	  
 	  
 
	  
 	  
 	            (v)      a pro forma balance sheet of the Borrower and its Subsidiaries after giving
effect to the Transaction, reflecting estimated purchase price accounting adjustments (the “Pro Forma Balance Sheet”); and
 
	  
 	  
 	  
 
	  
 	  
 	           (vi)     such other information relating to the Transaction as the Administrative Agent may
reasonably request.
 
	  
 	  
 	  
 
	  
 	            (d)     No Material Adverse Change.  There shall not have occurred a
material adverse change since December 31, 2001 in the business, assets, liabilities (actual or contingent), operations, condition (financial or otherwise) or prospects of the Borrower and its Subsidiaries taken as a whole.
 
	  
 	  
 	  
 
	  
 	            (e)     Litigation.  There shall not exist any action, suit,
investigation or proceeding pending or threatened in any court or before an arbitrator or Governmental Authority that could reasonably be expected to have a Material Adverse Effect.
 
	  
 	  
 	  
 
	  
 	           (f)     Consummation of Transaction.  The Administrative Agent shall
have received reasonably satisfactory evidence that the Transaction will be consummated concurrent with the advances of the initial Loans in compliance with applicable law and regulatory approvals and pursuant to the Transaction
Documents.
 
	  
 	  
 	  
 
	  
 	            (g)     Transaction Documents.  The Administrative Agent shall have
received a certified copy of the Purchase Agreement and the other material Transaction Documents, together with all amendments, modifications, supplements and waivers, all of which shall be in form and substance reasonably satisfactory to the
Administrative Agent.
 
	  
 	  
 	  
 
	  
 	            (h)     Consents. All governmental, shareholder and third party consents
(including Hart-Scott-Rodino clearance if required) and approvals necessary or desirable in any material
 

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 	  respect in connection with the Transaction shall have been obtained; all such consents and approvals shall be in force and effect; and all applicable waiting periods
shall have expired without any action being taken by any authority that could restrain, prevent or impose any material adverse condition on the Transaction or that could seek or threaten any of the foregoing, and no law or regulation shall be
applicable which in the reasonable judgment of the Administrative Agent could have such effect.
 
	  
 	  
 	  
 
	  
 	            (i)     Judgments.  There shall not exist any order, decree, judgment,
ruling or injunction which restrains the consummation of the Transaction in the manner contemplated by the Transaction Documents.
 
	  
 	  
 	  
 
	  
 	            (j)     Minimum Availability.  After giving effect to the Transaction
and the Loans made and Letters of Credit issued on the Closing Date, there shall be no less than $5 million of availability under the Aggregate Revolving Commitments.
 
	  
 	  
 	  
 
	  
 	           (k)     Employment Agreements.  Receipt and satisfactory review by the
Administrative Agent of employment agreements for key management of the Acquired Company and its Subsidiaries.
 
	  
 	  
 	  
 
	  
 	            (l)     Worker’s Council Opinion.  Receipt and satisfactory
review by the Administrative Agent of the formal opinion of the workers’ council of Trophy regarding the Transaction or a non-appealable court order to the effect that such workers’ council opinion requirement has been
satisfied.
 
	  
 	  
 	  
 
	  
 	            (m)     Cash Investment by Borrower.  Receipt by the Administrative
Agent of evidence that the Borrower shall have invested at least $15 million in cash available on its balance sheet (not including any proceeds from the Loans) in order to consummate the Transaction.
 
	  
 	  
 	  
 
	  
 	           (n)     Organization Documents, Resolutions, Etc.  Receipt by the
Administrative Agent of the following, each of which shall be originals or facsimiles (followed promptly by originals), in form and substance satisfactory to the Administrative Agent and its legal counsel:
 
	  
 	  
 	  
 
	  
 	  
 	            (i)     copies of the Organization Documents of each Loan Party certified to be true and
complete as of a recent date by the appropriate Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable, and certified by a secretary or assistant secretary of such Loan Party to be true and
correct as of the Closing Date;
 
	  
 	  
 	  
 
	  
 	  
 	            (ii)    such certificates of resolutions or other action, incumbency certificates and/or other
certificates of Responsible Officers of each Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this
Agreement and the other Loan Documents to which such Loan Party is a party; and
 
	  
 	  
 	  
 
	  
 	  
 	           (iii)    such documents and certifications as the Administrative Agent may reasonably require to
evidence that each Loan Party is duly organized or formed, and is validly existing, in good standing and qualified to engage in business in its state of organization or formation, the state of its principal place of business and each other
jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

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 	            (o)     Perfection and Priority of Liens.  Receipt by the
Administrative Agent of the following:
 
	  
 	  
 	  
 
	  
 	  
 	            (i)     searches of Uniform Commercial Code filings in the jurisdiction of formation of each
Loan Party, the jurisdiction of the chief executive office of each Loan Party and each jurisdiction where any Collateral is located or where a filing would need to be made in order to perfect the Administrative Agent’s security interest in the
Collateral, copies of the financing statements on file in such jurisdictions and evidence that no Liens exist other than Permitted Liens;
 
	  
 	  
 	  
 
	  
 	  
 	           (ii)     all certificates evidencing any certificated Capital Stock pledged to the
Administrative Agent pursuant to the Pledge Agreement, together with duly executed in blank, undated stock powers attached thereto (unless, with respect to the pledged Capital Stock of any Foreign Subsidiary, such stock powers are deemed unnecessary
by the Administrative Agent in its reasonable discretion under the law of the jurisdiction of incorporation of such Person);
 
	  
 	  
 	  
 
	  
 	  
 	            (iii)     searches of ownership of, and Liens on, intellectual property of each Loan Party in
the appropriate governmental offices;
 
	  
 	  
 	  
 
	  
 	  
 	            (iv)     duly executed notices of grant of security interest in the form required by the
Security Agreement as are necessary, in the Administrative Agent’s sole discretion, to perfect the Administrative Agent’s security interest in the intellectual property of the Loan Parties;
 
	  
 	  
 	  
 
	  
 	  
 	           (v)     in the case of any personal property Collateral located at a premises leased by a Loan
Party, such estoppel letters, consents and waivers from the landlords on such real property as may be required by the Administrative Agent.
 
	  
 	  
 	  
 
	  
 	            (p)     Evidence of Insurance.  Receipt by the Administrative Agent of
copies of insurance policies or certificates of insurance of the Loan Parties evidencing liability and casualty insurance meeting the requirements set forth in the Loan Documents, including, but not limited to, naming the Administrative Agent as
additional insured (in the case of liability insurance) or loss payee (in the case of hazard insurance) on behalf of the Lenders.
 
	  
 	  
 	  
 
	  
 	            (q)     Closing Certificate.  Receipt by the Administrative Agent of a
certificate signed by a Responsible Officer of the Borrower certifying that the conditions specified in Sections 5.01(d), (e), (f), (h) and (i) and Sections 5.02(a), (b) and (c) have been
satisfied.
 
	  
 	  
 	  
 
	  
 	           (r)     FAC Loan Documents.  Receipt by the Administrative Agent of a
certified copy of the loan documents evidencing the FAC Loan.
 
	  
 	  
 	  
 
	  
 	            (s)     Fees.  Receipt by the Administrative Agent and the Lenders of
any fees required to be paid on or before the Closing Date.
 
	  
 	  
 	  
 
	  
 	            (t)     Attorney Costs.  Unless waived by the Administrative Agent,
the Borrower shall have paid all Attorney Costs of the Administrative Agent to the extent invoiced prior to or on the Closing Date, plus such additional amounts of Attorney Costs as shall constitute its reasonable estimate of Attorney Costs incurred
or to be incurred by it through the closing proceedings 
 

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 	  (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent).
 
	  
 	  
 	  
 
	  
 	            (u)     Other.  Receipt by the Administrative Agent and the Lenders of
such other documents, instruments, agreements and information as reasonably requested by the Administrative Agent or any Lender, including, but not limited to, information regarding litigation, tax, accounting, labor, insurance, pension liabilities
(actual or contingent), real estate leases, material contracts, debt agreements, property ownership, environmental matters, contingent liabilities and management of the Borrower and its Subsidiaries and the Acquired Company and its
Subsidiaries.
 

            
5.02   Conditions to all Credit Extensions.
            The obligation of each Lender to honor any
Request for Credit Extension is subject to the following conditions precedent:

	  
 	           (a)     The representations and warranties of the Borrower and each other Loan Party contained
in Article VI or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material respects on and as of the date of such Credit
Extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date, and except that for purposes of this
Section 5.02, the representations and warranties contained in subsections (a) and (b) of Section 6.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section
7.01.
 
	  
 	  
 
	  
 	            (b)     No Default shall exist, or would result from such proposed Credit
Extension.
 
	  
 	  
 
	  
 	            (c)     There shall not have been commenced against the Borrower or any Subsidiary an
involuntary case under any applicable Debtor Relief Law, now or hereafter in effect, or any case, proceeding or other action for the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of such
Person or for any substantial part of its Property or for the winding up or liquidation of its affairs, and such involuntary case or other case, proceeding or other action shall remain undismissed.
 
	  
 	  
 
	  
 	           (d)     The Administrative Agent and, if applicable, the L/C Issuer or the Swing Line Lender
shall have received a Request for Credit Extension in accordance with the requirements hereof.
 

            Each Request for
Credit Extension submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 5.02(a), (b) and (c) have been satisfied on and as of the date of the applicable Credit
Extension.
 
 ARTICLE VI
  REPRESENTATIONS AND WARRANTIES
            The Loan Parties represent and warrant to the Administrative Agent and the Lenders that:
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6.01   Existence, Qualification and Power.
            Each Loan Party (a) is a corporation, partnership
or limited liability company duly organized or formed, validly existing and in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all requisite governmental licenses,
authorizations, consents and approvals to (i) own its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, and (c) is duly qualified and is licensed and in good
standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in clause (b)(i) or (c), to the extent that
failure to do so would not reasonably be expected to have a Material Adverse Effect.
           
6.02   Authorization; No Contravention.
            The execution, delivery and performance by each Loan
Party of each Loan Document to which such Person is party have been duly authorized by all necessary corporate or other organizational action, and do not (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with
or result in any breach or contravention of, or the creation of any Lien under (i) any material Contractual Obligation to which such Person is a party or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award
to which such Person or its property is subject; or (c) violate any Law (including, without limitation, Regulation U or Regulation X issued by the FRB).
            
6.03   Governmental Authorization; Other Consents.
            No approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person with respect to any material Contractual Obligation is necessary or required in connection with the execution, delivery or performance
by, or enforcement against, any Loan Party of this Agreement or any other Loan Document or with the consummation of the Transaction, other than (i) those that have already been obtained and are in full force and effect (ii) filings to perfect the
Liens created by the Collateral Documents and (iii) a notice to be provided in connection with the pledge of the FAC Loan.
           
6.04   Binding Effect.
            This Agreement and each other Loan Document has been duly executed and
delivered by each Loan Party that is party thereto.  This Agreement and each other Loan Document constitutes a legal, valid and binding obligation of each Loan Party that is party thereto, enforceable against each such Loan Party in accordance
with its terms except as enforceability may be limited by applicable Debtor Relief Laws or by equitable principles relating to enforceability.
            
6.05   Financial Statements; No Material Adverse Effect.
            (a)     The
Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present in all material respects the financial condition of
the Borrower and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein;
and (iii) show, in accordance with GAAP, all material indebtedness and other liabilities, direct or contingent, of the Borrower and its Subsidiaries as of the date thereof, including material liabilities for taxes, commitments and
Indebtedness.
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           (b)     The Interim Financial Statements (i) were prepared in accordance with GAAP
consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present in all material respects the financial condition of the Borrower and its Subsidiaries as of the date thereof and their
results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments; and (iii) show, in accordance with GAAP, all material indebtedness and other
liabilities, direct or contingent, of the Borrower and its Subsidiaries as of the date thereof, including material liabilities for taxes, material commitments and Indebtedness.
            (c)     To the best knowledge of the Loan Parties, the Acquired Company Statutory Financial Statements (i) fairly present in all material
respects the financial condition of Trophy as of the date thereof and its results of operations for the period covered thereby; and (ii) show all material indebtedness and other liabilities, direct or contingent, of Trophy as of the date thereof,
including material liabilities for taxes, commitments and Indebtedness.  As of the Closing Date, (y) the Acquired Company does not hold any material assets other than the Capital Stock of Trophy and (z) after giving effect to the Transaction,
the Acquired Company and its Subsidiaries have no material liabilities other than those identified in (A) the Pro Forma Balance Sheet or (B) the Purchase Agreement (including the schedules attached thereto).
            (d)     To the best knowledge of the Loan Parties, the Acquired Company Interim Financial Statements (i) fairly present in all material
respects the financial condition of Trophy as of the date thereof and their results of operations for the period covered thereby, subject, to the absence of footnotes and to normal year-end audit adjustments; and (ii) show all material indebtedness
and other liabilities, direct or contingent, of Trophy as of the date thereof, including material liabilities for taxes, material commitments and Indebtedness.
           (e)     From the date of the Audited Financial Statements to and including the Closing Date, there has been no Disposition by the Borrower or
any Subsidiary, or any Involuntary Disposition, of any material part of the business or Property of the Borrower and its Subsidiaries, taken as a whole, and no purchase or other acquisition by any of them of any business or property (including any
Capital Stock of any other Person) material in relation to the consolidated financial condition of the Borrower and its Subsidiaries, taken as a whole, in each case, which is not reflected in the foregoing financial statements or in the notes
thereto and has not otherwise been disclosed in writing to the Lenders on or prior to the Closing Date.
            (f)     The Pro Forma Balance Sheet is based upon reasonable assumptions made known to the Lenders and upon information not known to be
incorrect or misleading in any material respect.
            (g)     The financial statements delivered pursuant to
Section 7.01(a) and (b) have been prepared in accordance with GAAP (except as may otherwise be permitted under Section 7.01(a) and (b)) and present fairly (on the basis disclosed in the footnotes to such financial statements) in
all material respects the consolidated and, in the case of annual financial statements delivered pursuant to Section 7.01(a), consolidating, financial condition, results of operations and cash flows of the Borrower and its Subsidiaries as of
such date and for such periods.
            (h)     Since the date of the Audited Financial Statements, there has been no
event or circumstance that has had or would reasonably be expected to have a Material Adverse Effect. 
           
6.06   Litigation.
            There are no actions, suits, proceedings, claims or disputes pending or,
to the best knowledge of the Loan Parties, threatened in writing, at law, in equity, in arbitration or before any Governmental
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  Authority, by or against the Borrower or any of its Subsidiaries or against any of their respective properties or revenues that (a) purport to affect or pertain to this
Agreement or any other Loan Document, or any of the transactions contemplated hereby, (b) restrains the consummation of the Transaction in the manner contemplated by the Transaction Documents or (c) either individually or in the aggregate would
reasonably be expected to have a Material Adverse Effect. 
            
6.07   No Default.
            (a)     Neither the Borrower nor any Subsidiary
is in default under or with respect to any Contractual Obligation that would, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
            (b)     No Default has occurred and is continuing.
            
6.08   Ownership of Property; Liens.
           Each of the Borrower and its Subsidiaries has good record
and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as would not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect.  The property of the Borrower and its Subsidiaries is subject to no Liens, other than Permitted Liens.
            
6.09   Environmental Compliance.
            Except as could not reasonably be expected to have a
Material Adverse Effect:

	  
 	               (a)     Each of the Facilities and all operations at the Facilities are in
compliance with all applicable Environmental Laws, and there is no violation of any Environmental Law with respect to the Facilities or the Businesses, and there are no conditions relating to the Facilities or the Businesses that could give rise to
liability under any applicable Environmental Laws.
 
	  
 	  
 
	  
 	               (b)     None of the Facilities contains, or has previously contained, any
Hazardous Materials at, on or under the Facilities in amounts or concentrations that constitute or constituted a violation of, or could give rise to liability under, Environmental Laws.
 
	  
 	  
 
	  
 	              (c)     Neither the Borrower nor any Subsidiary has received any written or
verbal notice of, or inquiry from any Governmental Authority regarding, any violation, alleged violation, non-compliance, liability or potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of
the Facilities or the Businesses, nor does any Responsible Officer of any Loan Party have knowledge or reason to believe that any such notice will be received or is being threatened.
 
	  
 	  
 
	  
 	               (d)     Hazardous Materials have not been transported or disposed of from
the Facilities, or generated, treated, stored or disposed of at, on or under any of the Facilities or any other location, in each case by or on behalf the Borrower or any Subsidiary in violation of, or in a manner that would be reasonably likely to
give rise to liability under, any applicable Environmental Law.
 
	  
 	  
 
	  
 	               (e)     No judicial proceeding or governmental or administrative action is
pending or, to the knowledge of the Responsible Officers of the Loan Parties, threatened, under any Environmental Law to which the Borrower or any Subsidiary is or will be named as a party, nor are there any consent decrees or other decrees, consent
orders, administrative orders or other orders, or
 

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 	  other administrative or judicial requirements outstanding under any Environmental Law with respect to the Borrower, any Subsidiary, the Facilities or the Businesses.

	  
 	  
 
	  
 	               (f)     There has been no release or, threat of release of Hazardous
Materials at or from the Facilities, or arising from or related to the operations (including, without limitation, disposal) of the Borrower or any Subsidiary in connection with the Facilities or otherwise in connection with the Businesses, in
violation of or in amounts or in a manner that could give rise to liability under Environmental Laws.
 

            
6.10   Insurance.
            The properties of the Borrower and its Subsidiaries are insured with
financially sound and reputable insurance companies not Affiliates of the Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in
localities where the Borrower or the applicable Subsidiary operates.  The insurance coverage of the Loan Parties as in effect on the Closing Date is outlined as to carrier, policy number, expiration date, type, amount and deductibles on
Schedule 6.10.
           
6.11   Taxes.
            The Borrower and its Subsidiaries have filed all federal, state and other
material tax returns and reports required to be filed, and have paid all federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and
payable, except those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP.  To the best knowledge of the Loan Parties, there is no
proposed tax assessment against the Borrower or any Subsidiary that would, if made, have a Material Adverse Effect.
            
6.12   ERISA Compliance.
            (a)     Each Plan is in compliance in all
material respects with the applicable provisions of ERISA, the Internal Revenue Code and other federal or state Laws.  Each Plan that is intended to qualify under Section 401(a) of the Internal Revenue Code has received a favorable
determination letter from the IRS or an application for such a letter is currently being processed by the IRS with respect thereto and, to the best knowledge of the Loan Parties, nothing has occurred which would prevent, or cause the loss of, such
qualification.  Each Loan Party and each ERISA Affiliate have made all required contributions to each Plan subject to Section 412 of the Internal Revenue Code, and no application for a funding waiver or an extension of any amortization period
pursuant to Section 412 of the Internal Revenue Code has been made with respect to any Plan.
           (b)     There are no
pending or, to the best knowledge of the Loan Parties, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could be reasonably be expected to have a Material Adverse Effect.  There has
been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect.
            (c)     (i)  No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan has any Unfunded Pension
Liability; (iii) no Loan Party nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA);
(iv) no Loan Party nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with
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  the giving of notice under Section 4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) no Loan
Party nor any ERISA Affiliate has engaged in a transaction that could be subject to Sections 4069 or 4212(c) of ERISA.
            
6.13   Subsidiaries.
            Set forth on Schedule 6.13 is a complete and accurate list as of
the Closing Date of each Subsidiary, together with (i) jurisdiction of incorporation or formation, (ii) with respect to each Domestic Subsidiary and First Tier Foreign Subsidiary, number of shares of each class of Capital Stock outstanding, (iii)
percentage of outstanding shares of each class or interests owned (directly or indirectly) by the Borrower or any Subsidiary and (iv) number and effect, if exercised, of all outstanding options, warrants, rights of conversion or purchase and all
other similar rights with respect thereto.  The outstanding Capital Stock of each Subsidiary is validly issued, fully paid and non-assessable.
           
6.14   Margin Regulations; Investment Company Act; Public Utility Holding Company Act.  
            (a)     The Borrower is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or
carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock.  Following the application of the proceeds of each Borrowing or drawing under each Letter
of Credit, not more than 25% of the value of the assets (either of the Borrower only or of the Borrower and its Subsidiaries on a consolidated basis) subject to the provisions of Section 8.01 or Section 8.05 or subject to any
restriction contained in any agreement or instrument between the Borrower and any Lender or any Affiliate of any Lender relating to Indebtedness and within the scope of Section 9.01(e) will be margin stock.
            (b)     None of the Borrower, any Person Controlling the Borrower, or any Subsidiary (i) is a “holding company,” or a
“subsidiary company” of a “holding company,” or an “affiliate” of a “holding company” or of a “subsidiary company” of a “holding company,” within the meaning of the Public Utility Holding
Company Act of 1935, or (ii) is or is required to be registered as an “investment company” under the Investment Company Act of 1940.
            
6.15   Disclosure.
           No report, financial statement, certificate or other information furnished
(whether in writing or orally) by or on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder (as modified or
supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;
provided that, (i) with respect to projected financial information, the Loan Parties represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time and (ii) with respect to
information (including projected financial information) related to the Acquired Company and its Subsidiaries provided to the Administrative Agent and the Lenders on or prior to the Closing Date, the Loan Parties represent only that such information
is accurate to the best of their knowledge.
            
6.16   Compliance with Laws.
            Each of the Borrower and each Subsidiary is in compliance with
the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith
by
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  appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, would not reasonably be expected to have a Material
Adverse Effect.
           
6.17   Intellectual Property; Licenses, Etc.
            The Borrower and its Subsidiaries own, or
possess the legal right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights (collectively, “IP Rights”) that are reasonably
necessary for the operation of their respective businesses.  Set forth on Schedule 6.17 is a list of all IP Rights registered or pending registration with the United States Copyright Office or the United States Patent and Trademark
Office and owned by each Loan Party as of the Closing Date.  Except for such claims and infringements that would not reasonably be expected to have a Material Adverse Effect, no claim has been asserted and is pending by any Person challenging
or questioning the use of any IP Rights or the validity or effectiveness of any IP Rights, nor does any Loan Party know of any such claim, and, to the knowledge of the Responsible Officers of the Loan Parties, the use of any IP Rights by the
Borrower or any Subsidiary or the granting of a right or a license in respect of any IP Rights from the Borrower or any Subsidiary does not infringe on the rights of any Person.  As of the Closing Date, none of the IP Rights owned by any of the
Loan Parties is subject to any licensing agreement or similar arrangement other than (a) licenses of software in the ordinary course of business to customers, value added resellers and distributors, (b) licenses of trademarks and tradenames in the
ordinary course of business to value added resellers and distributors and (c) as set forth on Schedule 6.17.
            
6.18   Solvency.
           The Loan Parties are Solvent on a consolidated basis. 
            
6.19   [Reserved].
            
6.20   Business Locations.
            Set forth on Schedule 6.20(a) is a list of all real
property located in the United States that is owned or leased by the Loan Parties as of the Closing Date.  Set forth on Schedule 6.20(b) is a list of all locations where any tangible personal property of any Loan Party is located as of
the Closing Date.  Set forth on Schedule 6.20(c) is the chief executive office of each Loan Party as of the Closing Date.  The exact legal name and state of organization of each Loan Party is as set forth on the signature pages
hereto.
            
6.21   Brokers’ Fees.
            Neither the Borrower nor any Subsidiary has any obligation to any
Person in respect of any finder’s, broker’s, investment banking or other similar fee in connection with any of the transactions contemplated under the Loan Documents.
            
6.22   Labor Matters.
            There are no collective bargaining agreements (other than the
collective bargaining arrangement applicable to the Acquired Company and its Subsidiaries in France) or Multiemployer Plans covering the employees of the Borrower or any Subsidiary as of the Closing Date and neither the Borrower nor any Subsidiary
has suffered any strikes, walkouts, work stoppages or other material labor difficulty within the last five years.
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 ARTICLE VII
  AFFIRMATIVE COVENANTS
            So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder (other than any indemnity obligations that, by their terms, survive
the termination of this Agreement) shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Loan Parties shall and shall cause each Subsidiary to:
            
7.01   Financial Statements.
            Deliver to the Administrative Agent and each Lender, in form and
detail satisfactory to the Administrative Agent and the Required Lenders:

	  
 	                 (a)     as soon as available, but in any event within ninety
days after the end of each fiscal year of the Borrower, (i) a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or operations, shareholders’
equity and cash flows for such fiscal year, setting forth in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an independent
certified public accountant of nationally recognized standing reasonably acceptable to the Required Lenders, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any
“going concern” or like qualification or exception or any qualification or exception as to the scope of such audit and (ii) a Consolidating balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal year, and the
related Consolidating statements of income or operations, shareholders’ equity and cash flows for such fiscal year, setting forth in comparative form the figures for the previous year, all in reasonable detail and certified by a Responsible
Officer of the Borrower as fairly presenting in all material respects the financial condition, results of operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP; and
 
	  
 	  
 
	  
 	                (b)     as soon as available, but in any event within forty-five
days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower, a consolidated and Consolidating balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated
and Consolidating statements of income or operations, shareholders’ equity and cash flows for such fiscal quarter and for the portion of the Borrower’s fiscal year then ended, setting forth in each case in comparative form the figures for
the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified by a Responsible Officer of the Borrower as fairly presenting in all material respects the
financial condition, results of operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes.
 
	  
 	  
 
	  
 	  As to any information contained in materials furnished pursuant to Section 7.02(d), the Borrower shall not be separately required to furnish such information under clause (a) or
(b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in subsections (a) and (b) above at the times specified therein.
 

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7.02   Certificates; Other Information.
            Deliver to the Administrative Agent and each Lender,
in form and detail satisfactory to the Administrative Agent and the Required Lenders:

	  
 	                 (a)     concurrently with the delivery of the financial
statements referred to in Sections 7.01(a) and (b), a duly completed Compliance Certificate signed by a Responsible Officer of the Borrower;
 
	  
 	  
 
	  
 	                 (b)     at least 30 days prior to the end of each fiscal year of
the Borrower, beginning with the fiscal year ending December 31, 2003, an annual business plan and budget of the Borrower and its Subsidiaries containing, among other things, pro forma financial statements for each quarter of the next fiscal
year.
 
	  
 	  
 
	  
 	                (c)     concurrently with the delivery of the financial
statements referred to in Sections 7.01(a) and (b), a certificate of a Responsible Officer of the Borrower containing information regarding the amount of all Dispositions, Involuntary Dispositions, Debt Issuances, Equity Issuances
and Acquisitions that occurred during the period covered by such financial statements.
 
	  
 	  
 
	  
 	                 (d)     promptly after any request by the Administrative Agent
or any Lender, copies of any detailed audit reports, management letters or recommendations submitted to the board of directors (or the audit committee of the board of directors) of the Borrower by independent accountants in connection with the
accounts or books of the Borrower or any Subsidiary, or any audit of any of them;
 
	  
 	  
 
	  
 	                 (e)     promptly after the same are available, (i) copies of
each annual report, proxy or financial statement or other report or communication sent to the stockholders of the Borrower, and copies of all annual, regular, periodic and special reports and registration statements which the Borrower may file or be
required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934 or to a holder of any Indebtedness owed by the Borrower or any Subsidiary in its capacity as such a holder and not otherwise required to be delivered to
the Administrative Agent pursuant hereto and (ii) upon the request of the Administrative Agent, all reports and written information to and from the United States Environmental Protection Agency, or any state or local agency responsible for
environmental matters, the United States Occupational Health and Safety Administration, or any state or local agency responsible for health and safety matters, or any successor agencies or authorities concerning environmental, health or safety
matters;
 
	  
 	  
 
	  
 	                (f)     promptly, such additional information regarding the
business, financial or corporate affairs of the Borrower or any Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably request; and
 
	  
 	  
 
	  
 	                 (g)    concurrently with the delivery of the financial statements
referred to in Sections 7.01(a) and (b), a certificate of a Responsible Officer of the Borrower (i) listing (A) all applications, if any, for Copyrights, Patents or Trademarks (each such term as defined in the Security Agreement)
made since the date of the prior certificate (or, in the case of the first such certificate, the Closing Date), (B) all issuances of registrations or letters on existing applications for Copyrights, Patents and Trademarks (each such term as defined
in the 
 

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 	  Security Agreement) entered into since the date of the prior certificate (or, in the case of the first such certificate, the Closing Date), and (C) all Trademark Licenses,
Copyright Licenses and Patent Licenses (each such term as defined in the Security Agreement) entered into since the date of the prior certificate (or, in the case of the first such certificate, the Closing Date), and (ii) attaching the insurance
binder or other evidence of insurance for any insurance coverage of the Borrower or any Subsidiary that was renewed, replaced or modified during the period covered by such financial statements.
 

           Documents required to be delivered pursuant to Section 7.01(a) or (b) or Section 7.02(d) (to the extent any such documents are included in
materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s website
on the Internet at the website address listed on Schedule 11.02; or (ii) on which such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the
Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) the Borrower shall deliver paper copies of such documents to the Administrative Agent or any
Lender that requests the Borrower to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the Borrower shall notify (which may be by facsimile or electronic
mail) the Administrative Agent and each Lender of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents.  Notwithstanding anything contained
herein, in every instance the Borrower shall be required to provide paper copies of the Compliance Certificates required by Section 7.02(b) to the Administrative Agent and each of the Lenders.  Except for such Compliance Certificates,
the Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Borrower with any such request for
delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.
           
7.03   Notices.
            (a)     Promptly notify the Administrative Agent and
each Lender of the occurrence of any Default.
            (b)     Promptly notify the Administrative Agent and each Lender of
any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect, including (i) breach or non-performance of, or any default under, a Contractual Obligation of the Borrower or any Subsidiary; (ii) any dispute,
litigation, investigation, proceeding or suspension between the Borrower or any Subsidiary and any Governmental Authority; or (iii) the commencement of, or any material development in, any litigation or proceeding affecting the Borrower or any
Subsidiary, including pursuant to any applicable Environmental Laws.
            (c)     Promptly notify the Administrative
Agent and each Lender of the occurrence of any ERISA Event.
            (d)     Promptly notify the Administrative Agent and
each Lender of any material change in accounting policies or financial reporting practices by the Borrower or any Subsidiary.
            (e)     Upon the reasonable written request of the Administrative Agent following the occurrence of any event or the discovery of any
condition which the Administrative Agent or the Required Lenders reasonably believe has caused (or could be reasonably expected to cause) the representations and warranties set forth in Section 6.09 to be untrue in any material respect, the
Loan Parties will furnish or cause to be furnished to the Administrative Agent, at the Loan Parties’ expense, a report of an environmental assessment of reasonable scope, form and depth, (including, where appropriate, invasive soil or
groundwater sampling)
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  by a consultant reasonably acceptable to the Administrative Agent as to the nature and extent of the presence of any Materials of Environmental Concern on any Real Properties
(as defined in Section 6.09) and as to the compliance by the Borrower or any Subsidiary with Environmental Laws at such Real Properties.  If the Loan Parties fail to deliver such an environmental report within seventy-five (75) days
after receipt of such written request then the Administrative Agent may arrange for same, and the Loan Parties hereby grant to the Administrative Agent and its representatives access to the Real Properties to reasonably undertake such an assessment
(including, where appropriate, invasive soil or groundwater sampling). The reasonable cost of any assessment arranged for by the Administrative Agent pursuant to this provision will be payable by the Loan Parties on demand and added to the
obligations secured by the Collateral Documents.
            Each notice pursuant to this Section 7.03(a) through (e) shall be
accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto.  Each notice pursuant to
Section 7.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached.
            
7.04   Payment of Obligations.
           Pay and discharge as the same shall become due and payable, all
its obligations and liabilities, including (a) all tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being contested in good faith by appropriate proceedings diligently conducted
and adequate reserves in accordance with GAAP are being maintained by the Borrower or such Subsidiary; (b) all lawful claims which, if unpaid, would by law become a Lien upon its property, except for those claims that the Borrower or such Subsidiary
is contesting in good faith and by appropriate proceedings; and (c) all Indebtedness, as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Indebtedness.
 
          
7.05   Preservation of Existence, Etc.
            (a)     Preserve, renew and
maintain in full force and effect its legal existence and good standing under the Laws of the jurisdiction of its organization except in a transaction permitted by Section 8.04 or 8.05.
            (b)     Take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal
conduct of its business, except to the extent that the failure to do so could not reasonably be expected to have a Material Adverse Effect.
            (c)     Preserve or renew all of its material registered patents, trademarks, trade names and service marks, the non-preservation of which
could reasonably be expected to have a Material Adverse Effect.
           
7.06   Maintenance of Properties.
            (a)     Maintain, preserve and
protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted.
            (b)     Make all necessary repairs thereto and renewals and replacements thereof, except where the failure to do so could not reasonably be
expected to have a Material Adverse Effect.
            (c)     Use the standard of care typical in the industry in the
operation and maintenance of its facilities.
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7.07   Maintenance of Insurance.
            Maintain in full force and effect insurance (including
worker’s compensation insurance, liability insurance, casualty insurance and business interruption insurance) with financially sound and reputable insurance companies not Affiliates of the Borrower, in such amounts, with such deductibles and
covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Borrower or the applicable Subsidiary operates.   The Administrative Agent shall be named as
loss payee or mortgagee, as its interest may appear, and/or additional insured with respect to any such insurance providing coverage in respect of any Collateral, and each provider of any such insurance shall agree, by endorsement upon the policy or
policies issued by it or by independent instruments furnished to the Administrative Agent, that it will give the Administrative Agent thirty (30) days prior written notice before any such policy or policies shall be altered or canceled.

          
7.08   Compliance with Laws.
            Comply with the requirements of all Laws and all orders, writs,
injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently
conducted; or (b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect. 
            
7.09   Books and Records.
            (a)     Maintain proper books of record
and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower or such Subsidiary, as the case may
be.
            (b)     Maintain such books of record and account in material conformity with all applicable requirements of
any Governmental Authority having regulatory jurisdiction over the Borrower or such Subsidiary, as the case may be.
            
7.10   Inspection Rights.
            (a)     Permit representatives and
independent contractors of the Administrative Agent and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs,
finances and accounts with its directors, officers, and independent public accountants, all at the reasonable expense of the Borrower and at such reasonable times during normal business hours and as often as may be reasonably desired, upon
reasonable advance notice to the Borrower; provided, however, that when an Event of Default exists the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the
foregoing at the reasonable expense of the Borrower at any time during normal business hours and without advance notice. 
           (b)     If requested by the Administrative Agent in its sole discretion, permit the Administrative Agent, and its representatives, upon
reasonable advance notice to the Borrower, to conduct an annual audit of the Collateral at the reasonable expense of the Borrower.
            (c)     If requested by the Administrative Agent in its sole discretion, promptly deliver to the Administrative Agent (a) asset appraisal
reports with respect to all of the real and personal property owned by the Borrower and its Subsidiaries (including the Acquired Company and its Subsidiaries), and 
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  (b) a written audit of the accounts receivable, inventory, payables, controls and systems of the Borrower and its Subsidiaries (including the Acquired Company and its
Subsidiaries).
            
7.11   Use of Proceeds.
            Use the proceeds of the Credit Extensions (a) to finance working
capital, capital expenditures and other lawful corporate purposes and (b) to finance the purchase price of the Transaction, provided that in no event shall the proceeds of the Credit Extensions be used in contravention of any Law or of any
Loan Document.
            
7.12   Additional Subsidiaries.

	  
 	 (a)     Within thirty (30) days after the acquisition or formation of any Subsidiary:
 
	  
 	  
 
	  
 	            (i)     notify the Administrative Agent thereof in writing, together with (A) jurisdiction of
formation, (B) number of shares of each class of Capital Stock outstanding, (C) number and percentage of outstanding shares of each class owned (directly or indirectly) by the Borrower or any Subsidiary and (D) number and effect, if exercised, of
all outstanding options, warrants, rights of conversion or purchase and all other similar rights with respect thereto; and
 
	  
 	  
 
	  
 	            (ii)     if such Subsidiary is a Domestic Subsidiary, cause such Person to (A) become a
Guarantor by executing and delivering to the Administrative Agent a Joinder Agreement or such other documents as the Administrative Agent shall deem appropriate for such purpose, and (B) deliver to the Administrative Agent documents of the types
referred to in Sections 5.01(n) and (o) and favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to in clause (a)),
all in form, content and scope reasonably satisfactory to the Administrative Agent.
 
	  
 	  
 
	  
 	 (b)     Within sixty (60) days after the acquisition or formation of any Foreign Subsidiary, pledge to the Administrative Agent the Capital Stock of such
Foreign Subsidiary required to be pledged to the Administrative Agent pursuant to Section 7.14, together with undated stock powers executed in blank (unless the pledge of any such Capital Stock is not perfected by deliveries under the law of the
jurisdiction of formation of such Person or is prohibited by law).  In the event that foreign laws affecting the pledge of the Capital Stock of a Foreign Subsidiary prohibit the delivery of stock certificates or powers for such Foreign
Subsidiary, or if a pledge of such Capital Stock is not perfected under applicable law by such deliveries, the applicable Loan Party shall take such other action as necessary to cause the Administrative Agent to have a perfected, first priority
security interest in such Capital Stock.
 

            
7.13   ERISA Compliance.
            Do, and cause each of its ERISA Affiliates to do, each of the
following: (a) maintain each Plan in compliance in all material respects with the applicable provisions of ERISA, the Internal Revenue Code and other federal or state law; (b) cause each Plan that is qualified under Section 401(a) of the
Internal Revenue Code to maintain such qualification; and (c) make all required contributions to any Plan subject to Section 412 of the Internal Revenue Code.
           
7.14   Pledged Assets.
            Except as provided in Section 7.12 and Section 7.15, each Loan Party
will (i) cause all of its owned and leased real and personal Property other than Excluded Property to be subject at all times to 
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  first priority, perfected and, in the case of owned or ground leased real Property, title insured Liens in favor of the Administrative Agent, to secure the Obligations pursuant
to the terms and conditions of the Collateral Documents and such other additional security documents as the Administrative Agent shall reasonably request, subject in any case to Permitted Liens (it being understood that security documents other than
the Collateral Documents, such as account control agreements, life insurance policy assignments, etc. are not required to be delivered under this Section 7.14 unless the Administrative Agent shall request such security documents) and (ii) deliver
such other documentation as the Administrative Agent may reasonably request in connection with the foregoing, including, without limitation, appropriate UCC-1 financing statements, real estate title insurance policies, surveys, environmental
reports, landlord’s waivers, certified resolutions and other organizational and authorizing documents of such Person, favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect
and enforceability of the documentation referred to above and the perfection of the Administrative Agent’s Liens thereunder) and other items of the types required to be delivered pursuant to Section 5.01(o), all in form, content and
scope reasonably satisfactory to the Administrative Agent.  Without limiting the generality of the above, subject to Section 7.12, the Loan Parties will cause 100% of the issued and outstanding Capital Stock of each Domestic Subsidiary to be
subject at all times to a first priority, perfected Lien in favor of the Administrative Agent pursuant to the terms and conditions of the Collateral Documents or such other security documents as the Administrative Agent shall reasonably
request.  Notwithstanding the foregoing, subject to Sections 7.12 and 7.15, the Loan Parties will cause 65% (or such greater percentage that, due to a change in an applicable Law after the date hereof, (1) could not reasonably be expected to
cause the undistributed earnings of such Foreign Subsidiary as determined for United States federal income tax purposes to be treated as a deemed dividend to such Foreign Subsidiary’s United States parent and (2) could not reasonably be
expected to cause any material adverse tax consequences) of the issued and outstanding Capital Stock entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and 100% of the issued and outstanding Capital Stock not entitled to vote
(within the meaning of Treas. Reg. Section 1.956-2(c)(2)) in each First Tier Foreign Subsidiary to be subject at all times to a first priority, perfected Lien in favor of the Administrative Agent pursuant to the terms and conditions of the
Collateral Documents or such other security documents as the Administrative Agent shall reasonably request.
           
7.15   Post-Closing Deliverables.
            (a)     Lien Waivers. 
Use commercially reasonable efforts to obtain landlord consents and lien waivers, in form and substance reasonably satisfactory to the Administrative Agent, with respect to Collateral held on leased premises as reasonably required by the
Administrative Agent.
            (b)     Stock of Foreign Subsidiaries.  Within sixty (60) days of the Closing
Date, pledge to the Administrative Agent the Capital Stock of each Foreign Subsidiary existing on the Closing Date required to be pledged to the Administrative Agent pursuant to Section 7.14, together with stock certificates and undated stock powers
executed in blank (unless the pledge of any such Capital Stock is not perfected by such deliveries under the law of the jurisdiction of formation of such Person or is prohibited by law).  In the event that foreign laws affecting the pledge of
the Capital Stock of a Foreign Subsidiary prohibit the delivery of such certificates or powers for such Foreign Subsidiary, the applicable Loan Party shall take such other action as necessary to cause the Administrative Agent to have a perfected,
first priority security interest in such Capital Stock.  Notwithstanding the foregoing, the parties hereto agree that if Swenam Holdings BV (“BV”) is merged into or contributed to a newly formed First Tier Foreign Subsidiary
(“CV”) within sixty (60) days of the Closing Date, the Borrower shall not be required to pledge the Capital Stock of BV as required by Section 7.14 within 60 days of the Closing Date, but the Borrower shall be required, within sixty (60)
days of the Closing Date, to pledge to the Administrative Agent the Capital Stock of CV required to be pledged to the Administrative Agent pursuant to Section 7.14, 
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  pursuant to a pledge agreement and other documents reasonably satisfactory to the Administrative Agent.
            (c)     Legal Opinions.  Within sixty (60) days of the Closing Date, with respect to the Capital Stock pledged to the
Administrative Agent pursuant to Section 7.15(b), deliver to the Administrative Agent an opinion of counsel reasonably satisfactory to the Administrative Agent regarding, among other things, the attachment and perfection of the Administrative
Agent’s security interest in the Capital Stock of each First Tier Foreign Subsidiary and the authorized, issued and outstanding shares of, and ownership of, the Capital Stock of each such First Tier Foreign Subsidiary.
            (d)     Acquired Company Financial Statements.  On or before January 15, 2003, deliver to the Administrative Agent and
each Lender, in form and detail satisfactory to the Administrative Agent and the Lenders, consolidated financial statements of the Acquired Company and its Subsidiaries for the fiscal years ended September 30, 2001 and September 30, 2002, including
balance sheets and income and cash flow statements, audited by independent public accountants of recognized national standing and prepared in conformity with GAAP, together with supplemental schedules, balance sheets and income statements for Trophy
and Trophy and its Subsidiaries on a consolidated basis containing financial information for Trophy consistent with the Acquired Company Statutory Financial Statements for such fiscal year delivered to the Administrative Agent and the Lenders
pursuant to Section 5.01(c)(iii).
           (e)     FAC Loan Documents.  On or before January 3, 2003,
deliver to the Administrative Agent the original documents evidencing the FAC Loan, accompanied by an endorsement for the benefit of the Administrative Agent in a form reasonably acceptable to the Administrative Agent.
            
7.16   Interest Rate Protection Agreements.
            Within sixty (60) days of the Closing Date, the
Borrower shall enter into interest rate protection agreements (protecting against fluctuations in interest rates) reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $15,000,000 and for a
duration of at least three years.
 
 ARTICLE VIII
  NEGATIVE COVENANTS
            So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder (other than any indemnity obligations that, by their terms, survive
the termination of this Agreement) shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, no Loan Party shall, nor shall it permit any Subsidiary to, directly or indirectly:
            
8.01   Liens.
            Create, incur, assume or suffer to exist any Lien upon any of its property,
assets or revenues, whether now owned or hereafter acquired, other than the following: 

	  
 	             (a)     Liens pursuant to any Loan Document;
 
	  
 	  
 
	  
 	              (b)     Liens existing on the date hereof and listed on Schedule 8.01 and
any renewals, refinancings or extensions thereof, provided that the property covered thereby is not increased
 

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 	  and any renewal, refinancing or extension of the obligations secured or benefited thereby is permitted by Section 8.03(b);
 
	  
 	  
 
	  
 	              (c)     Liens (other than Liens imposed under ERISA) for taxes, assessments or
governmental charges or levies not yet due or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance
with GAAP;
 
	  
 	  
 
	  
 	             (d)     statutory Liens of landlords and Liens of carriers, warehousemen,
mechanics, materialmen and suppliers and other Liens imposed by law or pursuant to customary reservations or retentions of title arising in the ordinary course of business, provided that such Liens secure only amounts not yet due and payable
or, if due and payable, are unfiled and no other action has been taken to enforce the same or are being contested in good faith by appropriate proceedings for which adequate reserves determined in accordance with GAAP have been
established;
 
	  
 	  
 
	  
 	              (e)     pledges or deposits in the ordinary course of business in connection with
workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA;
 
	  
 	  
 
	  
 	              (f)     deposits to secure the performance of bids, trade contracts, licenses and
leases (other than Indebtedness), statutory obligations, surety bonds (other than bonds related to judgments or litigation), performance bonds and other obligations of a like nature incurred in the ordinary course of business;
 
	  
 	  
 
	  
 	             (g)     easements, rights-of-way, restrictions and other similar encumbrances
affecting real property which, in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the
applicable Person;
 
	  
 	  
 
	  
 	              (h)     Liens securing judgments for the payment of money (or appeal or other
surety bonds relating to such judgments) not in excess of the Threshold Amount (except to the extent covered by independent third-party insurance as to which the insurer has acknowledged in writing its obligation to cover), unless any such judgment
remains undischarged for a period of more than thirty consecutive days during which execution is not effectively stayed;
 
	  
 	  
 
	  
 	              (i)     Liens securing Indebtedness permitted under Section 8.03(e);
provided that (i) such Liens do not at any time encumber any Property other than the Property financed by such Indebtedness, (ii) the Indebtedness secured thereby does not exceed the cost or fair market value, whichever is lower, of the
Property being acquired on the date of acquisition and (iii) such Liens attach to such Property concurrently with or within ninety days after the acquisition thereof;
 
	  
 	  
 
	  
 	             (j)     leases, licenses or subleases granted to others not interfering in any
material respect with the business of the Borrower or any Subsidiary;
 
	  
 	  
 
	  
 	              (k)     any interest or title of a lessor under, and Liens arising from UCC
financing statements (or equivalent filings, registrations or agreements in foreign jurisdictions) relating to, leases permitted by this Agreement;
 
	  
 	  
 
	  
 	              (l)     Liens deemed to exist in connection with Investments in repurchase
agreements permitted under Section 8.02;
 

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 	              (m)     normal and customary rights of setoff upon deposits of cash in favor of
banks or other depository institutions;
 
	  
 	  
 
	  
 	             (n)     Liens of a collection bank arising under Section 4-210 of the Uniform
Commercial Code (or equivalent in foreign jurisdictions) on items in the course of collection; and
 
	  
 	  
 
	  
 	              (o)     Liens of sellers of goods to the Borrower and any of its Subsidiaries
arising under Article 2 of the Uniform Commercial Code or similar provisions of applicable law in the ordinary course of business, covering only the goods sold and securing only the unpaid purchase price for such goods and related
expenses.
 

            
8.02   Investments.
            Make any Investments, except:

	  
 	              (a)     Investments held by the Borrower or such Subsidiary in the form of cash or
Cash Equivalents;
 
	  
 	  
 
	  
 	             (b)     Investments existing as of the Closing Date and set forth in Schedule
8.02;
 
	  
 	  
 
	  
 	              (c)     Investments in any Person that is a Loan Party prior to giving effect to
such Investment;
 
	  
 	  
 
	  
 	              (d)     Investments consisting of extensions of credit in the nature of accounts
receivable or notes receivable arising from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably
necessary in order to prevent or limit loss;
 
	  
 	  
 
	  
 	              (e)     Guarantees permitted by Section 8.03;
 
	  
 	  
 
	  
 	             (f)     Investments (not including the Investments contemplated by the Transaction
and set forth on Schedule 8.02) by the Loan Parties in Foreign Subsidiaries in an amount not to exceed $5,000,000 in the aggregate at any time outstanding;
 
	  
 	  
 
	  
 	              (g)     Investments by any Foreign Subsidiary in another Foreign Subsidiary;
and
 
	  
 	  
 
	  
 	              (h)     at any time after December 31, 2003, Permitted Acquisitions.

            
8.03   Indebtedness.
            Create, incur, assume or suffer to exist any Indebtedness,
except:

	  
 	             (a)     Indebtedness under the Loan Documents;
 
	  
 	  
 
	  
 	              (b)     Indebtedness of the Borrower and its Subsidiaries set forth in Schedule
8.03 (and renewals, refinancings and extensions thereof on terms and conditions not materially less favorable to the applicable debtor(s));
 
	  
 	  
 
	  
 	              (c)     intercompany Indebtedness permitted under Section 8.02;

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 	              (d)     obligations (contingent or otherwise) of the Borrower or any Subsidiary
existing or arising under any Swap Contract, provided that (i) such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities,
commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person, and not for purposes of speculation or taking a “market view;” and (ii) such Swap
Contract does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party;
 
	  
 	  
 
	  
 	             (e)     purchase money Indebtedness (including obligations in respect of Capital
Leases or Synthetic Leases) hereafter incurred by the Borrower or any of its Subsidiaries to finance the purchase of fixed assets, and renewals, refinancings and extensions thereof, provided that (i) the total of all such Indebtedness for all
such Persons taken together shall not exceed an aggregate principal amount of $3,000,000 at any one time outstanding; (ii) such Indebtedness when incurred shall not exceed the purchase price of the asset(s) financed; and (iii) no such Indebtedness
shall be refinanced for a principal amount in excess of the principal balance outstanding thereon at the time of such refinancing; and
 
	  
 	  
 
	  
 	              (f)     Guarantees with respect to Indebtedness permitted under clauses (a)
through (e) of this Section 8.03.
 

            
8.04   Fundamental Changes.
            Merge, dissolve, liquidate, consolidate with or into another
Person, or Dispose of (whether in one transaction or in a series of related transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person; provided that, notwithstanding the foregoing
provisions of this Section 8.04 but subject to the terms of Sections 7.12 and 7.14, (a) the Borrower may merge or consolidate with any of its Subsidiaries provided that the Borrower shall be the continuing or surviving
corporation, (b) any Loan Party other than the Borrower may merge or consolidate with or into or dispose of all or substantially all of its assets to any other Loan Party provided that such Loan Party shall be the continuing or surviving entity, (c)
any Foreign Subsidiary may be merged or consolidated with or into or dispose of all or substantially all of its assets to any Loan Party provided that such Loan Party shall be  the continuing or surviving entity, (d) any Foreign Subsidiary may
be merged or consolidated with or into or dispose of all or substantially all of its assets to any other Foreign Subsidiary, (e) any Loan Party other than the Borrower may wind up or dissolve itself so long as it transfers all of its assets to
another Loan Party prior to or as part of such dissolution or wind up, (f) any Foreign Subsidiary may wind up or dissolve itself so long as it transfers all of its assets to another Foreign Subsidiary prior to or as part of such dissolution or wind
up and (g) any Loan Party may merge with any Person that is not a Loan Party in connection with a Permitted Acquisition provided that such Loan Party shall be the continuing or surviving entity.
           
8.05   Dispositions.
            Make any Disposition unless (a) the consideration paid in connection
therewith shall be cash or Cash Equivalents paid contemporaneous with consummation of the transaction and shall be in an amount not less than the fair market value of the Property disposed of, (b) if such transaction is a Sale and Leaseback
Transaction, such transaction is not prohibited by the terms of Section 8.16, (c) such transaction does not involve the sale or other disposition of a minority equity interest in any Subsidiary (other than a transfer of qualifying director
shares), (d) such transaction does not involve a sale or other disposition of receivables other than receivables owned by or attributable to other Property concurrently being disposed of in a transaction otherwise permitted under this Section
8.05 and (e) the aggregate net book value of all of the assets sold or otherwise disposed of by the Borrower and its Subsidiaries in all such Dispositions shall not 
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  exceed $1,000,000 during the term of this Agreement.  Notwithstanding the foregoing, Trophy may dispose of Trophy Indonesia at any time in accordance with the terms of the
Purchase Agreement.
            
8.06   Restricted Payments.
            Declare or make, directly or indirectly, any Restricted Payment,
or incur any obligation (contingent or otherwise) to do so, except that:

	  
 	             (a)     any Subsidiary may make dividends to any Loan Party or any Subsidiary which
is the parent company of such Subsidiary;
 
	  
 	  
 
	  
 	              (b)     the Borrower and each Subsidiary may declare and make dividend payments or
other distributions payable solely in the Capital Stock of such Person;
 
	  
 	  
 
	  
 	              (c)     the Borrower and each Subsidiary may issue Capital Stock in exchange
solely for other Capital Stock issued by the Borrower or such Subsidiary, as applicable; and
 
	  
 	  
 
	  
 	              (d)     the Borrower may repurchase fractional shares of its Capital Stock
resulting from a conversion of any preferred stock of the Borrower into common stock of the Borrower.
 

           
8.07   Change in Nature of Business.
            Engage in any material line of business substantially
different from those lines of business conducted by the Borrower and its Subsidiaries on the Closing Date (after giving effect to the Transaction) or any business substantially related or incidental thereto.
            
8.08   Transactions with Affiliates and Insiders.
            Enter into or permit to exist any
transaction or series of transactions with any officer, director or Affiliate of such Person other than (a) advances of working capital to any Loan Party, (b) transfers of cash and assets to any Loan Party, (c) intercompany transactions expressly
permitted by Section 8.02, Section 8.03, Section 8.04, Section 8.05 or Section 8.06, (d) normal and reasonable compensation and reimbursement of expenses of officers and directors and (e) except as otherwise
specifically limited in this Agreement, other transactions which are entered into in the ordinary course of such Person’s business on terms and conditions substantially as favorable to such Person as would be obtainable by it in a comparable
arms-length transaction with a Person other than an officer, director or Affiliate.
            
8.09   Burdensome Agreements.
            (a)     Except as set forth on
Schedule 8.09, enter into, or permit to exist, any Contractual Obligation that encumbers or restricts on the ability of any such Person to (i) pay dividends or make any other distributions to any Loan Party on its Capital Stock or with
respect to any other interest or participation in, or measured by, its profits, (ii) pay any Indebtedness or other obligation owed to any Loan Party, (iii) make loans or advances to any Loan Party, (iv) sell, lease or transfer any of its Property to
any Loan Party, (v) pledge its Property pursuant to the Loan Documents or any renewals, refinancings, exchanges, refundings or extension thereof or (vi) act as a Loan Party pursuant to the Loan Documents or any renewals, refinancings, exchanges,
refundings or extension thereof, except (in respect of any of the matters referred to in clauses (i)-(v) above) for (1) this Agreement and the other Loan Documents, (2) any document or instrument governing Indebtedness incurred pursuant to
Section 8.03(e), provided that any such restriction contained therein relates only to the asset or assets constructed or acquired in connection therewith, (3) any Permitted Lien or any document or instrument governing any Permitted
Lien, provided
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  that any such restriction contained therein relates only to the asset or assets subject to such Permitted Lien or (4) customary restrictions and conditions contained in any
agreement relating to the sale of any Property permitted under Section 8.05 pending the consummation of such sale.
            (b)     Except as set forth on Schedule 8.09, enter into, or permit to exist, any Contractual Obligation that prohibits or otherwise
restricts the existence of any Lien upon any of its Property in favor of the Administrative Agent (for the benefit of the Lenders) for the purpose of securing the Obligations, whether now owned or hereafter acquired, or requiring the grant of any
security for any obligation if such Property is given as security for the Obligations, except (i) any document or instrument governing Indebtedness incurred pursuant to Section 8.03(e), provided that any such restriction contained
therein relates only to the asset or assets constructed or acquired in connection therewith, (ii) in connection with any Permitted Lien or any document or instrument governing any Permitted Lien, provided that any such restriction contained
therein relates only to the asset or assets subject to such Permitted Lien and (iii) pursuant to customary restrictions and conditions contained in any agreement relating to the sale of any Property permitted under Section 8.05, pending the
consummation of such sale.
            
8.10   Use of Proceeds.
            Use the proceeds of any Credit Extension, whether directly or
indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund
indebtedness originally incurred for such purpose.
           
8.11   Financial Covenants.
            (a)     Consolidated Net
Worth.  Permit Consolidated Net Worth at any time to be less than the sum of (i) $78,000,000 plus (ii) 90% of the R&D Shortfall, to the extent positive, increased on a cumulative basis as of the end of each fiscal quarter of the
Borrower, commencing with the fiscal quarter ending December 31, 2002 by an amount equal to 75% of Consolidated Net Income for the fiscal quarter then ended (without deductions for any losses) plus 100% of the amount of all Equity Issuances
after the Closing Date.
            (b)     Consolidated Leverage Ratio.  Permit the Consolidated Leverage Ratio
as of the end of any fiscal quarter of the Borrower to be greater than (i) for any fiscal quarter ending during the period from the Closing Date to and including June 30, 2003, 2.25:1.0, and (ii) for any fiscal quarter ending on and after July 1,
2003, 1.75:1.0.
            (c)     Consolidated Fixed Charge Coverage Ratio.  Permit the Consolidated Fixed
Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.50:1.0.
            (d)     Consolidated EBITDA.  

	  
 	              (i)     As of the end of any fiscal quarter of the Borrower, permit Consolidated
EBITDA (less the portion of Consolidated EBITDA attributable to the Acquired Company and its Subsidiaries) to be less than $12,000,000 for the period of four consecutive fiscal quarters then ending.
 
	  
 	  
 
	  
 	             (ii)     As of the end of any fiscal quarter of the Borrower, permit the portion of
Consolidated EBITDA attributable to the Acquired Company and its Subsidiaries to be less than $8,000,000 for the period of four consecutive fiscal quarters then ending.
 

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            (e)        Consolidated Asset Coverage Ratio. Permit the Consolidated
Asset Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.75:1.0.
            
8.12   Prepayment of Other Indebtedness, Etc.
            (a)        Amend or modify any of the terms of any Indebtedness of the Borrower or any Subsidiary (other than Indebtedness
arising under the Loan Documents) if such amendment or modification would add or change any terms in a manner materially adverse to the Borrower or any Subsidiary, or shorten the final maturity or average life to maturity or require any payment to
be made sooner than originally scheduled or increase the interest rate applicable thereto, except to the extent the incurrence of such Indebtedness as so amended would be permitted hereunder.
           (b)     After the occurrence and during the continuation of any Default or Event of Default, make (or give any notice with respect thereto)
any voluntary or optional payment or prepayment or redemption or acquisition for value of (including without limitation, by way of depositing money or securities with the trustee with respect thereto before due for the purpose of paying when due),
refund, refinance or exchange of any Indebtedness of the Borrower or any Subsidiary (other than Indebtedness arising under the Loan Documents).
            
8.13   Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity.
            (a)        Amend, modify or change its Organization Documents in a manner materially adverse to the Lenders.
 
          (b)        Change its fiscal year (other than any change by a Subsidiary to match its fiscal year with that of
the Borrower).
            (c)        Without providing ten (10) days prior written notice to the
Administrative Agent, change its name, state of formation or form of organization.
            
8.14   Ownership of Subsidiaries.
            Notwithstanding any other provisions of this Agreement to
the contrary, (i) permit any Person (other than the Borrower or any Wholly Owned Subsidiary of the Borrower) to own any Capital Stock of any Subsidiary of the Borrower, except (a) to qualify directors where required by applicable law or to satisfy
other requirements of applicable law with respect to the ownership of Capital Stock of Foreign Subsidiaries or (b) for shares of Capital Stock issued by PracticeWorks Limited pursuant to the Warrant Agreement, (ii) permit any Subsidiary of the
Borrower to issue or have outstanding any shares of preferred Capital Stock or (iii)  create, incur, assume or suffer to exist any Lien on any Capital Stock of any Subsidiary of the Borrower, except for Permitted Liens.
           
8.15   Sale Leasebacks.
            Enter into any Sale and Leaseback Transaction.
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 ARTICLE IX
  EVENTS OF DEFAULT AND REMEDIES
            
9.01   Events of Default.
            Any of the following shall constitute an Event of
Default:

	  
 	              (a)     Non-Payment.  The Borrower or any other Loan Party fails to
pay (i) when and as required to be paid herein, in the currency required hereunder, any amount of principal of any Loan or any L/C Obligation, or (ii) within three days after the same becomes due, any interest on any Loan or on any L/C Obligation,
or any commitment fee or other fee due hereunder, or (iii) within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or
 
	  
 	  
 
	  
 	             (b)     Specific Covenants.  The Borrower fails to perform or observe
any term, covenant or agreement contained in any of Section 7.03(a), 7.05(a), 7.11, 7.12, 7.15 or 7.16 or Article VIII or
 
	  
 	  
 
	  
 	              (c)     Other Covenants. The Borrower fails to perform or observe any term,
covenant or agreement contained in any of Section 7.01, Section 7.02 or Section 7.10 and such failure continues for 5 Business Days after the earlier of a Responsible Officer of a Loan Party becoming aware of such failure or
notice thereof by the Administrative Agent; or
 
	  
 	  
 
	  
 	              (d)     Other Defaults.  Any Loan Party fails to perform or observe
any other covenant or agreement (not specified in subsection (a), (b) or (c) above) contained in any Loan Document on its part to be performed or observed and such failure continues for thirty days after the earlier of a Responsible Officer of a
Loan Party becoming aware of such failure or notice thereof by the Administrative Agent; or
 
	  
 	  
 
	  
 	             (e)     Representations and Warranties.  Any representation, warranty,
certification or statement of fact made or deemed made by or on behalf of the Borrower or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading in
any material respect when made or deemed made; or
 
	  
 	  
 
	  
 	              (f)     Cross-Default.  (i) The Borrower or any Subsidiary (A) fails
to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise and after giving effect to any grace or cure periods) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder
and Indebtedness under Swap Contracts) having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the
Threshold Amount, or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the
effect of which default or other event is to cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or
beneficiaries) to cause, with the giving of notice if required and after giving effect to any grace or cure periods, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise),
or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Guarantee to become payable or cash collateral in respect thereof to be demanded; or (ii)
 

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 	  there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which the
Borrower or any Subsidiary is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which the Borrower or any Subsidiary is an Affected Party (as so defined) and, in
either event, the Swap Termination Value owed by the Borrower or such Subsidiary as a result thereof is greater than the Threshold Amount; or
 
	  
 	  
 
	  
 	              (g)     Insolvency Proceedings, Etc.  Any Loan Party or any of its
Subsidiaries institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian,
conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or
consent of such Person and the appointment continues undischarged or unstayed for sixty calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the
consent of such Person and continues undismissed or unstayed for sixty calendar days, or an order for relief is entered in any such proceeding; or
 
	  
 	  
 
	  
 	             (h)     Inability to Pay Debts; Attachment.  (i) The Borrower or any
Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of
the property of any such Person and is not released, vacated or fully bonded within thirty days after its issue or levy; or
 
	  
 	  
 
	  
 	              (i)     Judgments.  There is entered against the Borrower or any
Subsidiary (i) one or more final judgments or orders for the payment of money in an aggregate amount exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage),
or (ii) any one or more non-monetary final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon
such judgment or order, or (B) there is a period of ten consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or
 
	  
 	  
 
	  
 	             (j)     ERISA.  (i) An ERISA Event occurs with respect to a Pension
Plan or Multiemployer Plan which has resulted or could reasonably be expected to result in liability of the Borrower under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of the Threshold
Amount, or (ii) the Borrower or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan
in an aggregate amount in excess of the Threshold Amount; or
 
	  
 	  
 
	  
 	              (k)     Invalidity of Loan Documents.  Any Loan Document, at any time
after its execution and delivery and for any reason other than as expressly permitted hereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or any Subsidiary contests in any manner the
validity or enforceability of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document; or
 
	  
 	  
 
	  
 	             (l)     Change of Control.  There occurs any Change of
Control.
 

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9.02   Remedies Upon Event of Default.
            If any Event of Default occurs and is continuing, the
Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions:

	  
 	              (a)     declare the commitment of each Lender to make Loans and any obligation of
the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated;
 
	  
 	  
 
	  
 	              (b)     declare the unpaid principal amount of all outstanding Loans, all interest
accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly
waived by the Borrower;
 
	  
 	  
 
	  
 	             (c)     require that the Borrower Cash Collateralize the L/C Obligations (in an
amount equal to the then Outstanding Amount thereof); and
 
	  
 	  
 
	  
 	              (d)     exercise on behalf of itself and the Lenders all rights and remedies
available to it and the Lenders under the Loan Documents or applicable law;
 

  provided, however, that upon the occurrence of an actual or deemed entry of an order
for relief with respect to the Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid
principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically
become effective, in each case without further act of the Administrative Agent or any Lender.
            
9.03   Application of Funds.
           After the exercise of remedies provided for in Section
9.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 9.02), any amounts received on
account of the Obligations shall be applied by the Administrative Agent in the following order:

	  
 	  First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including Attorney Costs and amounts payable under
Article III) payable to the Administrative Agent in its capacity as such;
 
	  
 	  
 
	  
 	  Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable to the Lenders (including
Attorney Costs and amounts payable under Article III), ratably among them in proportion to the amounts described in this clause Second payable to them;
 
	  
 	  
 
	  
 	  Third, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans and L/C Borrowings, fees, premiums and scheduled periodic
payments, and any interest accrued thereon, due under any Swap Contract between any Loan Party and any Lender, or any Affiliate of a Lender, to the extent such Swap Contract is permitted by Section 8.03(d), ratably among the Lenders (and, in the
case of such Swap Contracts, Affiliates of Lenders) in proportion to the respective amounts described in this clause Third held by them;
 

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 	  Fourth, to payment of that portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings and breakage, termination or other payments, and any
interest accrued thereon, due under any Swap Contract between any Loan Party and any Lender, or any Affiliate of a Lender, to the extent such Swap Contract is permitted by Section 8.03(d), and to Cash Collateralize that portion of L/C Obligations
comprised of the aggregate undrawn amount of Letters of Credit, ratably among the Lenders (and, in the case of such Swap Contracts, Affiliates of Lenders) in proportion to the respective amounts described in this clause Fourth held by them;
and
 
	  
 	  
 
	  
 	  Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required by Law.
 

            Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause
Fourth above shall be applied to satisfy drawings under such Letters of Credit as they occur.  If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount
shall be applied to the other Obligations, if any, in the order set forth above.
 
ARTICLE X
  ADMINISTRATIVE AGENT
            
10.01   Appointment and Authorization of Administrative Agent.  
            (a)     Each Lender hereby irrevocably appoints, designates and authorizes the Administrative Agent to take such action on its behalf under
the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated to it by the terms of this Agreement or any other Loan Document, together with such powers as are reasonably
incidental thereto.  Notwithstanding any provision to the contrary contained elsewhere herein or in any other Loan Document, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, nor
shall the Administrative Agent have or be deemed to have any fiduciary relationship with any Lender or participant, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any
other Loan Document or otherwise exist against the Administrative Agent.  Without limiting the generality of the foregoing sentence, the use of the term “agent” herein and in the other Loan Documents with reference to the
Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law.  Instead, such term is used merely as a matter of market custom, and is intended to
create or reflect only an administrative relationship between independent contracting parties.
           (b)     The L/C
Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and the L/C Issuer shall have all of the benefits and immunities (i) provided to the Administrative Agent in
this Article X with respect to any acts taken or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and the applications and agreements for letters of credit pertaining to
such Letters of Credit as fully as if the term “Administrative Agent” as used in this Article X and in the definition of “Agent-Related Person” included the L/C Issuer with respect to such acts or omissions, and
(ii) as additionally provided herein with respect to the L/C Issuer.
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10.02   Delegation of Duties.
            The Administrative Agent may execute any of its duties under
this Agreement or any other Loan Document by or through agents, employees or attorneys-in-fact and shall be entitled to advice of counsel and other consultants or experts concerning all matters pertaining to such duties.  The Administrative
Agent shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.
            
10.03   Liability of Administrative Agent.
           No Agent-Related Person shall (a) be liable for
any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct in connection with its
duties expressly set forth herein), or (b) be responsible in any manner to any Lender or participant for any recital, statement, representation or warranty made by any Loan Party or any officer thereof, contained herein or in any other Loan
Document, or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness,
genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, or for any failure of any Loan Party or any other party to any Loan Document to perform its obligations hereunder or thereunder.  No Agent-Related Person
shall be under any obligation to any Lender or participant to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the
properties, books or records of any Loan Party or any Affiliate thereof.
            
10.04   Reliance by Administrative Agent.  
            (a)     The
Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, communication, signature, resolution, representation, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone
message, electronic mail message, statement or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel (including
counsel to any Loan Party), independent accountants and other experts selected by the Administrative Agent.  The Administrative Agent shall be fully justified in failing or refusing to take any action under any Loan Document unless it shall
first receive such advice or concurrence of the Required Lenders as it deems appropriate and, if it so requests, it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it
by reason of taking or continuing to take any such action.  The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or
consent of the Required Lenders (or such greater number of Lenders as may be expressly required hereby in any instance) and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders.

          (b)     For purposes of determining compliance with the conditions specified in Section 5.01, each Lender that has
signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the
Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto.
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10.05   Notice of Default.
            The Administrative Agent shall not be deemed to have knowledge or
notice of the occurrence of any Default, except with respect to defaults in the payment of principal, interest and fees required to be paid to the Administrative Agent for the account of the Lenders, unless the Administrative Agent shall have
received written notice from a Lender or the Borrower referring to this Agreement, describing such Default and stating that such notice is a “notice of default.”  The Administrative Agent will notify the Lenders of its receipt of any
such notice.  The Administrative Agent shall take such action with respect to such Default as may be directed by the Required Lenders in accordance with Article IX; provided, however, that unless and until the
Administrative Agent has received any such direction, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default as it shall deem advisable or in the best interest
of the Lenders.
           
10.06   Credit Decision; Disclosure of Information by Administrative Agent.
            Each Lender
acknowledges that no Agent-Related Person has made any representation or warranty to it, and that no act by the Administrative Agent hereafter taken, including any consent to and acceptance of any assignment or review of the affairs of any Loan
Party or any Affiliate thereof, shall be deemed to constitute any representation or warranty by any Agent-Related Person to any Lender as to any matter, including whether Agent-Related Persons have disclosed material information in their
possession.  Each Lender represents to the Administrative Agent that it has, independently and without reliance upon any Agent-Related Person and based on such documents and information as it has deemed appropriate, made its own appraisal of
and investigation into the business, prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties and their respective Subsidiaries, and all applicable bank or other regulatory Laws relating to the
transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to the Borrower hereunder.  Each Lender also represents that it will, independently and without reliance upon any Agent-Related Person
and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents, and to make
such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of the Borrower and the other Loan Parties.  Except for notices, reports and
other documents expressly required to be furnished to the Lenders by the Administrative Agent herein, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the
business, prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or any of their respective Affiliates which may come into the possession of any Agent-Related Person.
           
10.07   Indemnification of Administrative Agent.
  Whether or not the transactions contemplated hereby are consummated, the Lenders shall indemnify upon
demand each Agent-Related Person (to the extent not reimbursed by or on behalf of any Loan Party and without limiting the obligation of any Loan Party to do so), pro rata, and hold harmless each Agent-Related Person from and against any and all
Indemnified Liabilities incurred by it; provided, however, that no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities to the extent determined in a final, nonappealable
judgment by a court of competent jurisdiction to have resulted from such Agent-Related Person’s own gross negligence or willful misconduct; provided, however, that no action taken in accordance with the directions of the Required
Lenders shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section.  Without limitation of the foregoing, each Lender shall reimburse the Administrative Agent upon demand for its ratable share of any costs
or out-of-pocket expenses (including Attorney Costs) incurred by the 
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  Administrative Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal
proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any other Loan Document, or any document contemplated by or referred to herein, to the extent that the Administrative Agent is not
reimbursed for such expenses by or on behalf of the Borrower.  The undertaking in this Section shall survive termination of the Commitments, the payment of all other Obligations and the resignation of the Administrative Agent.

          
10.08   Administrative Agent in its Individual Capacity.
            Bank of America and its Affiliates
may make loans to, issue letters of credit for the account of, accept deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with each of the Loan Parties and
their respective Affiliates as though Bank of America were not the Administrative Agent or the L/C Issuer hereunder and without notice to or consent of the Lenders.  The Lenders acknowledge that, pursuant to such activities, Bank of America or
its Affiliates may receive information regarding any Loan Party or its Affiliates (including information that may be subject to confidentiality obligations in favor of such Loan Party or such Affiliate) and acknowledge that the Administrative Agent
shall be under no obligation to provide such information to them.  With respect to its Loans, Bank of America shall have the same rights and powers under this Agreement as any other Lender and may exercise such rights and powers as though it
were not the Administrative Agent or the L/C Issuer, and the terms “Lender” and “Lenders” include Bank of America in its individual capacity.
            
10.09   Successor Administrative Agent.
            The Administrative Agent may resign as
Administrative Agent upon thirty days’ notice to the Lenders; provided that any such resignation by Bank of America shall also constitute its resignation as L/C Issuer and Swing Line Lender.  If the Administrative Agent resigns under this
Agreement, the Required Lenders shall appoint from among the Lenders a successor administrative agent for the Lenders, which successor administrative agent shall be consented to by the Borrower at all times other than during the existence of an
Event of Default (which consent of the Borrower shall not be unreasonably withheld or delayed).  If no successor administrative agent is appointed prior to the effective date of the resignation of the Administrative Agent, the Administrative
Agent may appoint, after consulting with the Lenders and the Borrower, a successor administrative agent from among the Lenders.  Upon the acceptance of its appointment as successor administrative agent hereunder, the Person acting as such
successor administrative agent shall succeed to all the rights, powers and duties of the retiring Administrative Agent, L/C Issuer and Swing Line Lender and the respective terms “Administrative Agent”, “L/C Issuer” and
“Swing Line Lender” shall mean such successor administrative agent, Letter of Credit issuer and swing line lender, and the retiring Administrative Agent’s appointment, powers and duties in such capacities shall be terminated without
any other further act or deed on its behalf.  After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of this Article X and Sections 11.04 and 11.05 shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement.  If no successor administrative agent has accepted appointment as Administrative Agent by the date thirty days following a
retiring Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall perform all of the duties of the Administrative Agent hereunder
until such time, if any, as the Required Lenders appoint a successor agent as provided for above.
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10.10   Administrative Agent May File Proofs of Claim.
            In case of the pendency of any
receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C
Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such
proceeding or otherwise:

	  
 	              (a)     to file and prove a claim for the whole amount of the principal and
interest owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the
Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel (including reasonable and actual fees and expenses of
counsel) and all other amounts due the Lenders and the Administrative Agent under Sections 2.03(i) and (j), 2.09 and 11.04) allowed in such judicial proceeding; and
 
	  
 	  
 
	  
 	             (b)     to collect and receive any monies or other property payable or deliverable
on any such claims and to distribute the same;
 

  and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding
is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount
due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel (including reasonable and actual fees and expenses of counsel), and any other amounts due the Administrative Agent under
Sections 2.09 and 11.04.
            Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or
consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim
of any Lender in any such proceeding.
            
10.11   Collateral and Guaranty Matters.
            The Lenders irrevocably authorize the
Administrative Agent, at its option and in its discretion, 

	  
 	             (a)     to release any Lien on any Collateral granted to or held by the
Administrative Agent under any Loan Document (i) upon termination of the Aggregate Revolving Commitments and payment in full of all Obligations (other than contingent indemnification obligations) and the expiration or termination of all Letters
of Credit, (ii) that is transferred or to be transferred as part of or in connection with any Disposition or Investment in any Person other than a Loan Party permitted hereunder or under any other Loan Document or any Involuntary Disposition,
or (iii) as approved in accordance with Section 11.01;
 
	  
 	  
 
	  
 	              (b)     to subordinate any Lien on any Property granted to or held by the
Administrative Agent under any Loan Document to the holder of any Lien on such Property that is permitted by Section 8.01(i); and
 

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 	              (c)     to release any Guarantor from its obligations under the Guaranty if such
Person ceases to be a Subsidiary as a result of a transaction permitted hereunder.
 
	  
 	  
 
	  
 	 Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest
in particular types or items of Property, or to release any Guarantor from its obligations under the Guaranty, pursuant to this Section 10.11.
 

            
10.12   Other Agents; Arrangers and Managers.  
            None of the Lenders or other Persons
identified on the facing page or signature pages of this Agreement as a “syndication agent,” “documentation agent,” “co-agent,” “book manager,” “lead manager,” “arranger,” “lead
arranger” or “co-arranger” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than, in the case of such Lenders, those applicable to all Lenders as such.  Without limiting the
foregoing, none of the Lenders or other Persons so identified shall have or be deemed to have any fiduciary relationship with any Lender.  Each Lender acknowledges that it has not relied, and will not rely, on any of the Lenders or other
Persons so identified in deciding to enter into this Agreement or in taking or not taking action hereunder.
 
 ARTICLE XI
  MISCELLANEOUS
           
11.01   Amendments, Etc.
            No amendment or waiver of any provision of this Agreement or any
other Loan Document, and no consent to any departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower or the applicable Loan Party, as the case may be, and
received by the Administrative Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent
shall:

	  
 	              (a)     extend or increase the Commitment of any Lender (or reinstate any
Commitment terminated pursuant to Section 9.02) without the written consent of such Lender (it being understood and agreed that a waiver of any condition precedent set forth in Section 5.02 or of any Default or Event of Default or a
mandatory reduction in Commitments is not considered an extension or increase in Commitments of any Lender);
 
	  
 	  
 
	  
 	              (b)     postpone any date fixed by this Agreement or any other Loan Document for
any payment of principal (excluding mandatory prepayments), interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender directly affected
thereby;
 
	  
 	  
 
	  
 	             (c)     reduce the principal of, or the rate of interest specified herein on, any
Loan or L/C Borrowing, or any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby; provided, however, that only the consent of the Required
Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the Borrower to pay interest at the Default Rate;
 

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 	              (d)     change Section 2.13 or Section 9.03 in a manner that would
alter the pro rata sharing of payments required thereby without the written consent of each Lender directly affected thereby;
 
	  
 	  
 
	  
 	              (e)     change any provision of this Section or the definition of “Required
Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder without the written consent of each
Lender directly affected thereby;
 
	  
 	  
 
	  
 	             (f)     except in connection with a Disposition permitted under Section 8.05,
release all or substantially all of the Collateral without the written consent of each Lender directly affected thereby; or
 
	  
 	  
 
	  
 	              (g)     release the Borrower or, except in connection with a merger or
consolidation permitted under Section 8.04 or a Disposition permitted under Section 8.05, all or substantially all of the Guarantors, from its or their obligations under the Loan Documents without the written consent of each Lender directly affected
thereby;
 

  and, provided further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the L/C Issuer in addition to the Lenders required
above, affect the rights or duties of the L/C Issuer under this Agreement or any Letter of Credit Application relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by
the Swing Line Lender in addition to the Lenders required above, affect the rights or duties of the Swing Line Lender under this Agreement; (iii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in
addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; and (iv) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed
only by the parties thereto.  Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of such Lender may not be
increased or extended without the consent of such Lender.
 Notwithstanding the fact that the consent of all the Lenders is required in certain circumstances as set forth above, (x) each Lender is
entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code supersedes the unanimous consent provisions set
forth herein and (y) the Required Lenders shall determine whether or not to allow a Loan Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and such determination shall be binding on all of the
Lenders.
            
11.02   Notices and Other Communications; Facsimile Copies.
            (a)     General.  Unless otherwise expressly provided herein, all notices and other communications provided for hereunder shall
be in writing (including by facsimile transmission).  All such written notices shall be mailed, faxed or delivered to the applicable address, facsimile number or (subject to subsection (c) below) electronic mail address, and all notices and
other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

	  
 	              (i)     if to the Borrower, the Administrative Agent, the L/C Issuer or the Swing
Line Lender, to the address, facsimile number, electronic mail address or telephone number specified for such Person on Schedule 11.02 or to such other address, facsimile number, electronic mail
 

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 	  address or telephone number as shall be designated by such party in a notice to the other parties; and
 
	  
 	  
 
	  
 	              (ii)     if to any other Lender, to the address, facsimile number, electronic mail
address or telephone number specified in its Administrative Questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the Borrower, the Administrative
Agent, the L/C Issuer and the Swing Line Lender.
 

            All such notices and other communications shall be deemed to be
given or made upon the earlier to occur of (i) actual receipt by the relevant party hereto and (ii) (A) if delivered by hand or by courier, when signed for by or on behalf of the relevant party hereto; (B) if delivered by mail, four Business Days
after deposit in the mails, postage prepaid; (C) if delivered by facsimile, when sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail (which form of delivery is subject to the provisions of subsection (c) below),
when delivered; provided, however, that notices and other communications to the Administrative Agent, the L/C Issuer and the Swing Line Lender pursuant to Article II shall not be effective until actually received by such
Person.  In no event shall a voicemail message be effective as a notice, communication or confirmation hereunder.
           (b)     Effectiveness of Facsimile Documents and Signatures.  Loan Documents may be transmitted and/or signed by facsimile. 
The effectiveness of any such documents and signatures shall, subject to applicable Law, have the same force and effect as manually signed originals and shall be binding on all Loan Parties, the Administrative Agent and the Lenders.  The
Administrative Agent may also require that any such documents and signatures be confirmed by a manually signed original thereof; provided, however, that the failure to request or deliver the same shall not limit the effectiveness of
any facsimile document or signature.
            (c)     Limited Use of Electronic Mail.  Electronic mail and
internet and intranet websites may be used only to distribute routine communications, such as financial statements and other information as provided in Section 7.02, and to distribute Loan Documents for execution by the parties thereto, and
may not be used for any other purpose.
            (d)     Reliance by Administrative Agent and Lenders.  The
Administrative Agent and the Lenders shall be entitled to rely and act upon any notices (including telephonic Loan Notices and Swing Line Loan Notices) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a
manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof.  The Borrower shall
indemnify each Agent-Related Person and each Lender from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower; provided that such indemnity shall not
be available to the extent such losses, costs, expenses and liabilities resulted from the gross negligence or willful misconduct of such Agent-Related Person or Lender.  All telephonic notices to and other communications with the Administrative
Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording.
           
11.03   No Waiver; Cumulative Remedies.
  No failure by any Lender or the Administrative Agent to exercise, and no delay by any such Person in exercising,
any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any
other right, remedy, power or privilege.  The rights, 
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  remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.
            
11.04   Attorney Costs, Expenses and Taxes.
            The Borrower agrees (a) to pay or reimburse the
Administrative Agent for all reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation, negotiation and execution of this Agreement and the other Loan Documents and any amendment, waiver, consent or other
modification of the provisions hereof and thereof (whether or not the transactions contemplated hereby or thereby are consummated), and the consummation and administration of the transactions contemplated hereby and thereby, including all Attorney
Costs and costs and expenses in connection with the use of Intralinks, Inc. or other similar information transmission systems in connection with this Agreement, and (b) to pay or reimburse the Administrative Agent and each Lender for all costs and
expenses incurred in connection with the enforcement, attempted enforcement, or preservation of any rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses incurred during any “workout” or
restructuring in respect of the Obligations and during any legal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney Costs.  The foregoing costs and expenses shall include all search, filing, recording,
title insurance and appraisal charges and fees and taxes related thereto, and other out-of-pocket expenses incurred by the Administrative Agent and the cost of independent public accountants and other outside experts retained by the Administrative
Agent or any Lender.  All amounts due under this Section 11.04 shall be payable within ten Business Days after demand therefor.  The agreements in this Section shall survive the termination of the Aggregate Revolving Commitments and
repayment of all other Obligations.
           
11.05   Indemnification by the Borrower.
            Whether or not the transactions contemplated hereby
are consummated, the Borrower agrees to indemnify and hold harmless each Agent-Related Person, each Lender and their respective Affiliates, directors, officers, employees, counsel, agents and attorneys-in-fact (collectively the
“Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and disbursements (including Attorney Costs) of any kind or nature
whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (a) the execution, delivery, enforcement, performance or administration of any Loan
Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (b) any Commitment, Loan or Letter of Credit or the use or
proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of
Credit), (c) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrower, any Subsidiary or any other Loan Party, or any Environmental Liability related in any way
to the Borrower, any Subsidiary or any other Loan Party, or (d) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any
investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified
Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or
disbursements are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee.  No Indemnitee shall be liable for any damages arising
from the use by others of any information or other materials obtained through IntraLinks or other similar 
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  information transmission systems in connection with this Agreement, nor shall any Indemnitee have any liability for any indirect or consequential damages relating to this
Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date).  All amounts due under this Section 11.05 shall be payable within ten Business Days
after demand therefor.  The agreements in this Section shall survive the resignation of the Administrative Agent, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other
Obligations.
            An Indemnitee shall give prompt written notice to the Borrower of any actual or prospective claim, litigation, investigation
or proceeding that is, in each case, commenced or asserted in writing and in respect of which indemnification may be sought hereunder, provided that the omission to so notify the Borrower will not relieve a Loan Party from any liability it may have
under this Section 11.05.
            
11.06   Payments Set Aside.
            To the extent that any payment by or on behalf of any Loan Party
is made to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its right of set-off, and such payment or the proceeds of such set-off or any part thereof is subsequently invalidated, declared to be fraudulent
or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under
any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such
set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such
demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect.
           
11.07   Successors and Assigns.
            (a)     The provisions of this
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder
without the prior written consent of each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of subsection (b) of this Section, (ii)
by way of participation in accordance with the provisions of subsection (d) of this Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section (and any other attempted
assignment or transfer by any party hereto shall be null and void).  Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted
hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement.
            (b)     Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans (including for purposes of this subsection (b), participations in L/C Obligations and in Swing Line Loans) at the time owing to it); provided that (i) except in the case of
an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund (as defined in subsection (g) of
this Section) with respect to a Lender, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) subject to each such assignment, determined as of 
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  the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and
Assumption, as of the Trade Date, shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably
withheld or delayed); (ii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s Loans and Commitments, and rights and obligations with respect thereto, assigned, except that this clause
(ii) shall not apply to rights in respect of Swing Line Loans; (iii) any assignment of a Revolving Commitment must be approved by the Administrative Agent, the L/C Issuer and the Swing Line Lender unless the Person that is the proposed assignee is
itself a Lender (whether or not the proposed assignee would otherwise qualify as an Eligible Assignee); and (iv) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a
processing and recordation fee of $3,500.  Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the
Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder
shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and
obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05, 11.04 and 11.05 with respect to facts and circumstances
occurring prior to the effective date of such assignment).  Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender.  Any assignment or transfer by a Lender of rights or obligations under this
Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section.
 
            (c)     The Administrative Agent, acting solely for this purpose as an agent of
the Borrower, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal
amounts of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”).  The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent and
the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary.  The Register shall be available for
inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice.
            (d)     Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to
any Person (other than a natural person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement
(including all or a portion of its Commitment and/or the Loans (including such Lender’s participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i) such Lender’s obligations under this Agreement
shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent and the other Lenders shall continue to deal
solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement.  Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall
retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of
the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 11.01 that directly affects such Participant.  Subject to subsection (e) of this Section, the Borrower agrees that each
Participant shall be entitled to the benefits 
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  of Sections 3.01, 3.04 and 3.05  to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection
(b) of this Section.  To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 11.09  as though it were a Lender, provided such Participant agrees to be subject to
Section 2.13 as though it were a Lender.
            (e)     A Participant shall not be entitled to receive any
greater payment under Section 3.01 or 3.04  than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant
is made with the Borrower’s prior written consent.  A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is notified of the participation
sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 11.15 as though it were a Lender.
            (f)     Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including
under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations
hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.
           (g)     As used herein,
the following terms have the following meanings:

	  
 	              “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved
Fund; and (d) any other Person (other than a natural person) approved in writing by (i) the Administrative Agent, the L/C Issuer and the Swing Line Lender, and (ii) unless an Event of Default has occurred and is continuing, the Borrower (each such
approval not to be unreasonably withheld or delayed); provided that notwithstanding the foregoing, “Eligible Assignee” shall not include the Borrower or any of the Borrower’s Affiliates or Subsidiaries.
 
	  
 	  
 
	  
 	              “Fund” means any Person (other than a natural person) that is (or will be) engaged in
making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.
 
	  
 	  
 
	  
 	              “Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an
Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.
 

           (h)     Notwithstanding anything to the contrary contained herein, if at any time Bank of America assigns all of its Commitment and Loans
pursuant to subsection (b) above, Bank of America may, (i) upon thirty days’ notice to the Borrower and the Lenders, resign as L/C Issuer and/or (ii) upon thirty days’ notice to the Borrower, resign as Swing Line Lender.  In the event
of any such resignation as L/C Issuer or Swing Line Lender, the Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender hereunder; provided, however, that no failure by the Borrower to
appoint any such successor shall affect the resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case may be.  If Bank of America resigns as L/C Issuer, it shall retain all the rights and obligations of the L/C Issuer
hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund risk
participations in Unreimbursed Amounts pursuant to Section 2.03(c)).  If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made
by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c).
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11.08   Confidentiality.
           Each of the Administrative Agent and the Lenders agrees to maintain
the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential); (b) to the extent requested by any regulatory authority, provided
that unless prohibited by applicable Law, each Lender shall notify the Borrower of any disclosure of Information requested of such Lender pursuant to any subpoena or similar legal process prior to such disclosure; (c) to the extent 
required by applicable laws or regulations or by any subpoena or similar legal process, provided that the Administrative Agent or such Lender will promptly notify the Borrower or any such required disclosure and shall cooperate with the Borrower at
the Borrower’s expense, in obtaining a suitable order protecting the confidentiality of such information, (d) to any other party to this Agreement; (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding
relating to this Agreement or the enforcement of rights hereunder; (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any Eligible Assignee of or Participant in, or any prospective Eligible
Assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any direct or indirect contractual counterparty or prospective counterparty (or such contractual counterparty’s or prospective counterparty’s
professional advisor) to any credit derivative transaction relating to obligations of the Loan Parties; (g) with the consent of the Borrower; (h) to the extent such Information (i) becomes publicly available other than as a result of a
breach of this Section or (ii) becomes available to the Administrative Agent or any Lender on a nonconfidential basis from a source other than the Borrower; or (i) to the National Association of Insurance Commissioners or any other similar
organization or any nationally recognized rating agency that requires access to information about a Lender’s or its Affiliates’ investment portfolio in connection with ratings issued with respect to such Lender or its Affiliates.  In
addition, the Administrative Agent and the Lenders may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry, and service providers to the
Administrative Agent and the Lenders in connection with the administration and management of this Agreement, the other Loan Documents, the Commitments, and the Credit Extensions.  For the purposes of this Section, “Information”
means all information received from any Loan Party relating to any Loan Party or its business, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by any Loan
Party.  Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential information.
           
11.09   Set-off.
            In addition to any rights and remedies of the Lenders provided by law, upon
the occurrence and during the continuance of any Event of Default, each Lender and any Affiliate of any Lender is authorized at any time and from time to time, without prior notice to the Borrower or any other Loan Party, any such notice being
waived by the Borrower (on its own behalf and on behalf of each Loan Party) to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by, and other
indebtedness at any time owing by, such Lender to or for the credit or the account of the respective Loan Parties against any and all Obligations owing to such Lender hereunder or under any other Loan Document, now or hereafter existing,
irrespective of whether or not the Administrative Agent or such Lender shall have made demand under this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured or denominated in a currency different from
that of the applicable deposit or indebtedness.  Each Lender agrees promptly to 
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  notify the Borrower and the Administrative Agent after any such set-off and application made by such Lender; provided, however, that the failure to give such
notice shall not affect the validity of such set-off and application.
            
11.10   Interest Rate Limitation.
           Notwithstanding anything to the contrary contained in any
Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”).  If the Administrative Agent or any
Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower.  In determining whether the interest
contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium
rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations
hereunder.
            
11.11   Counterparts.
            This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument.
            
11.12   Integration.
            This Agreement, together with the other Loan Documents, comprises the
complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter.  In the event of any conflict between the provisions of this Agreement and
those of any other Loan Document, the provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of the Administrative Agent or the Lenders in any other Loan Document shall not be
deemed a conflict with this Agreement.  Each Loan Document was drafted with the joint participation of the respective parties thereto and shall be construed neither against nor in favor of any party, but rather in accordance with the fair
meaning thereof.
           
11.13   Survival of Representations and Warranties.
            All representations and warranties made
hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof.  Such representations and warranties have been
or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice
or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain
outstanding.
            
11.14     Severability.
            If any provision of this Agreement or the other Loan
Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall
endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable 
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 provisions.  The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
 
          
11.15   Tax Forms.

	  
 	              (a)     (i)  Each Lender that is not a “United States person”
within the meaning of Section 7701(a)(30) of the Internal Revenue Code (a “Foreign Lender”) shall deliver to the Administrative Agent, prior to receipt of any payment subject to withholding under the Internal Revenue Code (or upon
accepting an assignment of an interest herein), two duly signed completed copies of either IRS Form W-8BEN or any successor thereto (relating to such Foreign Lender and entitling it to an exemption from, or reduction of, withholding tax on all
payments to be made to such Foreign Lender by the Borrower pursuant to this Agreement) or IRS Form W-8ECI or any successor thereto (relating to all payments to be made to such Foreign Lender by the Borrower pursuant to this Agreement) or such other
evidence satisfactory to the Borrower and the Administrative Agent that such Foreign Lender is entitled to an exemption from, or reduction of, U.S. withholding tax, including any exemption pursuant to Section 881(c) of the Internal Revenue
Code.  Thereafter and from time to time, each such Foreign Lender shall (A) promptly submit to the Administrative Agent such additional duly completed and signed copies of one of such forms (or such successor forms as shall be adopted from time
to time by the relevant United States taxing authorities) as may then be available under then current United States laws and regulations to avoid, or such evidence as is satisfactory to the Borrower and the Administrative Agent of any available
exemption from or reduction of, United States withholding taxes in respect of all payments to be made to such Foreign Lender by the Borrower pursuant to this Agreement, (B) promptly notify the Administrative Agent of any change in circumstances
which would modify or render invalid any claimed exemption or reduction, and (C) take such steps as shall not be materially disadvantageous to it, in the reasonable judgment of such Lender, and as may be reasonably necessary (including the
re-designation of its Lending Office) to avoid any requirement of applicable Laws that the Borrower make any deduction or withholding for taxes from amounts payable to such Foreign Lender.
 
	  
 	  
 
	  
 	             (ii)     Each Foreign Lender, to the extent it does not act or ceases to act for
its own account with respect to any portion of any sums paid or payable to such Lender under any of the Loan Documents (for example, in the case of a typical participation by such Lender), shall deliver to the Administrative Agent on the date when
such Foreign Lender ceases to act for its own account with respect to any portion of any such sums paid or payable, and at such other times as may be necessary in the determination of the Administrative Agent (in the reasonable exercise of its
discretion), (A) two duly signed completed copies of the forms or statements required to be provided by such Lender as set forth above, to establish the portion of any such sums paid or payable with respect to which such Lender acts for its own
account that is not subject to U.S. withholding tax, and (B) two duly signed completed copies of IRS Form W-8IMY (or any successor thereto), together with any information such Lender chooses to transmit with such form, and any other certificate or
statement of exemption required under the Internal Revenue Code, to establish that such Lender is not acting for its own account with respect to a portion of any such sums payable to such Lender.
 
	  
 	  
 
	  
 	              (iii)    The Borrower shall not be required to pay any additional amount to any Foreign
Lender under Section 3.01 (A) with respect to any Taxes required to be deducted or withheld on the basis of the information, certificates or statements of exemption such Lender transmits with an IRS Form W-8IMY pursuant to this Section
11.15(a) or (B) if such Lender shall have failed to satisfy the foregoing provisions of this Section 11.15(a); provided that if such Lender shall have satisfied the requirement of this Section 11.15(a) on the date such
Lender became a Lender or
 

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 	  ceased to act for its own account with respect to any payment under any of the Loan Documents, nothing in this Section 11.15(a) shall relieve the Borrower of its obligation
to pay any amounts pursuant to Section 3.01 in the event that, as a result of any change in any applicable law, treaty or governmental rule, regulation or order, or any change in the interpretation, administration or application thereof, such
Lender is no longer properly entitled to deliver forms, certificates or other evidence at a subsequent date establishing the fact that such Lender or other Person for the account of which such Lender receives any sums payable under any of the Loan
Documents is not subject to withholding or is subject to withholding at a reduced rate.
 
	  
 	  
 
	  
 	              (iv)     The Administrative Agent may, without reduction, withhold any Taxes
required to be deducted and withheld from any payment under any of the Loan Documents with respect to which the Borrower is not required to pay additional amounts under this Section 11.15(a).
 
	  
 	  
 
	  
 	             (b)     Upon the request of the Administrative Agent, each Lender that is a
“United States person” within the meaning of Section 7701(a)(30) of the Internal Revenue Code shall deliver to the Administrative Agent two duly signed completed copies of IRS Form W-9.  If such Lender fails to deliver such forms,
then the Administrative Agent may withhold from any interest payment to such Lender an amount equivalent to the applicable back-up withholding tax imposed by the Internal Revenue Code, without reduction.
 
	  
 	  
 
	  
 	              (c)     If any Governmental Authority asserts that the Administrative Agent did
not properly withhold or backup withhold, as the case may be, any tax or other amount from payments made to or for the account of any Lender, such Lender shall indemnify the Administrative Agent therefor, including all penalties and interest, any
taxes imposed by any jurisdiction on the amounts payable to the Administrative Agent under this Section, and costs and expenses (including Attorney Costs) of the Administrative Agent.  The obligation of the Lenders under this Section shall
survive the termination of the Aggregate Revolving Commitments, repayment of all other Obligations hereunder and the resignation of the Administrative Agent.
 

            
11.16   Replacement of Lenders. 

	  
 	             Under any circumstances set forth herein providing that the Borrower shall have the right to replace a
Lender as a party to this Agreement, the Borrower may, upon notice to such Lender and the Administrative Agent, replace such Lender by causing such Lender to assign its Commitment and outstanding Loans (with the assignment fee to be paid by the
Borrower in such instance) pursuant to Section 11.07(b) to one or more other Lenders or Eligible Assignees procured by the Borrower; provided, however, that if the Borrower elects to exercise such right with respect to any
Lender pursuant to Section 3.06(b), it shall be obligated to replace all Lenders that have made similar requests for compensation pursuant to Section 3.01 or 3.04.  The Borrower shall (x) pay in full all principal, interest, fees and other
amounts owing to such Lender through the date of replacement (including any amounts payable pursuant to Section 3.05), (y) provide appropriate assurances and indemnities (which may include letters of credit) to the L/C Issuer and the
Swing Line Lender as each may reasonably require with respect to any continuing obligation to fund participation interests in any L/C Obligations or any Swing Line Loans then outstanding, and (z) release such Lender from its obligations under the
Loan Documents.  Any Lender being replaced shall execute and deliver an Assignment and Assumption with respect to such Lender’s Commitment and outstanding Loans and participations in L/C Obligations and Swing Line Loans.
 

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11.17   Governing Law.
            (a)     THIS AGREEMENT SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NORTH CAROLINA APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE; PROVIDED THAT THE ADMINISTRATIVE AGENT AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING
UNDER FEDERAL LAW.
            (b)     ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NORTH CAROLINA SITTING IN CHARLOTTE, NORTH CAROLINA OR OF THE UNITED STATES FOR THE WESTERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWER, THE
ADMINISTRATIVE AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS.  THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY
OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED
THERETO.  THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE.
            
11.18   Waiver of Right to Trial by Jury.
           EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY
WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN
DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF
ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR
RIGHT TO TRIAL BY JURY.
            
11.19   Judgment Currency.
            If, for the purposes of obtaining judgment in any court, it is
necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the
first currency with such other currency on the Business Day preceding that on which final judgment is given.  The obligation of the Loan Parties in respect of any such sum due from them to the Administrative Agent or the Lenders hereunder or
under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the
“Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance

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  with normal banking procedures purchase the Agreement Currency with the Judgment Currency.  If the amount of the Agreement Currency so purchased is less than the sum
originally due to the Administrative Agent and/or the Lenders from the Loan Parties in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent, the Lenders or
such other Person to whom such obligation was owing against such loss.  If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent and/or the Lenders in such currency, the
Administrative Agent and the Lenders agree to return the amount of any excess to the Borrower (or to any other Person who may be entitled thereto under applicable law).
            11.20     Release of Collateral and Guarantees.
            The Administrative Agent hereby agrees with the Borrower that the Administrative Agent shall, upon the request of the Borrower: 

	  
 	              (a)     release any Lien on any Collateral granted to or held by the
Administrative Agent under any Loan Document (i) upon termination of the Aggregate Revolving Commitments and payment in full of all Obligations (other than contingent indemnification obligations) and the expiration or termination of all Letters
of Credit or (ii) that is transferred or to be transferred as part of or in connection with any Disposition or Investment in any Person other than a Loan Party permitted hereunder or any Involuntary Disposition; and
 
	  
 	  
 
	  
 	             (b)     release any Guarantor from its obligations under the Guaranty if such
Person ceases to be a Subsidiary as a result of a transaction permitted hereunder.
 

  [SIGNATURE PAGES FOLLOW]
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            IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first
above written.

	  BORROWER:
 	  PRACTICEWORKS, INC.,
 
	  
 	  a Delaware corporation
 
	  
 	  
 
	  
 	  By:
 	  /s/ JAMES K. PRICE
 	  
 
	  
 	  
 	 
 	  
 
	  
 	 Name:
 	  James K. Price
 	  
 
	  
 	  Title:
 	  President
 	  
 
	  
 	  
 
	  GUARANTORS:
 	  SOFTDENT, LLC,
 
	  
 	  a Delaware corporation
 
	  
 	  PRACTICEWORKS SYSTEMS, LLC,
 
	  
 	 a Georgia limited liability company
 
	  
 	  CADI ACQUISITION CORP.,
 
	  
 	  a Colorado corporation
 
	  
 	  
 
	  
 	  PRACTICEWORKS CAPITAL, INC.,
 
	  
 	  a Delaware corporation
 
	  
 	  
 
	  
 	  By:
 	  /s/ JAMES A. COCHRAN
 	  
 
	  
 	  
 	 
 	  
 
	  
 	 Name:
 	  James A. Cochran
 	  
 
	  
 	  Title:
 	  Secretary
 	  
 
	  
 	  
 
	  ADMINISTRATIVE AGENT:
 	  BANK OF AMERICA, N.A.,
 
	  
 	  as Administrative Agent
 
	  
 	  
 
	  
 	  By:
 	  /s/ MICHAEL BRASHLER
 	  
 
	  
 	  
 	 
 	  
 
	  
 	 Name:
 	  Michael Brashler
 	  
 
	  
 	  Title:
 	  Senior Agency Officer
 	  
 
	  
 	  
 	  
 	  
 
	  
 	  
 
	  
 	  
 
	  
 	  
 
	  LENDERS:
 	  BANK OF AMERICA, N.A.,
 
	  
 	 as a Lender, L/C Issuer and Swing Line Lender
 
	  
 	  
 
	  
 	  By:
 	  /s/ WILLIAM H. POWELL
 	  
 
	  
 	  Name:
 	 
 	  
 
	  
 	  
 	  William H. Powell
 	  
 
	  
 	  Title:
 	  Vice President

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