Document:

exv10w1

Exhibit 10.1

EXECUTION COPY

 

CREDIT AGREEMENT

dated as of

August 15, 2011

among

PROGRESS SOFTWARE CORPORATION,

as Borrower,

The Lenders Party Hereto,

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

and

WELLS FARGO BANK, NATIONAL ASSOCIATION and

RBS CITIZENS, NATIONAL ASSOCIATION,

as Syndication Agents

 

J.P. MORGAN SECURITIES LLC,

as Sole Bookrunner and Sole Lead Arranger

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I Definitions
	 	 	1	 
	 
	 	 	 	 
	SECTION 1.01 Defined Terms
	 	 	1	 
	SECTION 1.02 Classification of Loans and Borrowings
	 	 	21	 
	SECTION 1.03 Terms Generally
	 	 	21	 
	SECTION 1.04 Accounting Terms; GAAP
	 	 	22	 
	SECTION 1.05 Letter of Credit Amounts
	 	 	22	 
	SECTION 1.06 Rounding
	 	 	22	 
	 
	 	 	 	 
	ARTICLE II The Credits
	 	 	22	 
	 
	 	 	 	 
	SECTION 2.01 Commitments
	 	 	22	 
	SECTION 2.02 Loans and Borrowings
	 	 	23	 
	SECTION 2.03 Requests for Revolving Borrowings
	 	 	24	 
	SECTION 2.04 Determination of Dollar Amounts
	 	 	24	 
	SECTION 2.05 Swingline Loans
	 	 	25	 
	SECTION 2.06 Letters of Credit
	 	 	26	 
	SECTION 2.07 Funding of Borrowings
	 	 	30	 
	SECTION 2.08 Interest Elections
	 	 	31	 
	SECTION 2.09 Termination and Reduction of Commitments
	 	 	33	 
	SECTION 2.10 Repayment of Loans; Evidence of Debt
	 	 	33	 
	SECTION 2.11 Prepayment of Loans
	 	 	34	 
	SECTION 2.12 Fees
	 	 	35	 
	SECTION 2.13 Interest
	 	 	36	 
	SECTION 2.14 Alternate Rate of Interest
	 	 	38	 
	SECTION 2.15 Increased Costs
	 	 	38	 
	SECTION 2.16 Break Funding Payments
	 	 	39	 
	SECTION 2.17 Taxes
	 	 	40	 
	SECTION 2.18 Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	 	 	43	 
	SECTION 2.19 Mitigation Obligations; Replacement of Lenders
	 	 	45	 
	SECTION 2.20 Defaulting Lenders
	 	 	46	 
	SECTION 2.21 Increase in Commitments
	 	 	48	 
	SECTION 2.22 Judgment Currency
	 	 	49	 
	 
	 	 	 	 
	ARTICLE III Representations and Warranties
	 	 	49	 
	 
	 	 	 	 
	SECTION 3.01 Organization; Powers
	 	 	49	 
	SECTION 3.02 Authorization; Enforceability
	 	 	50	 
	SECTION 3.03 Governmental Approvals; No Conflicts
	 	 	50	 
	SECTION 3.04 Financial Condition; No Material Adverse Change
	 	 	50	 
	SECTION 3.05 Properties
	 	 	51	 
	SECTION 3.06 Litigation and Environmental Matters
	 	 	51	 
	SECTION 3.07 Compliance with Laws and Agreements; No Default
	 	 	51	 
	SECTION 3.08 Investment Company Status
	 	 	51	 
	SECTION 3.09 Taxes
	 	 	51	 
	SECTION 3.10 ERISA
	 	 	52	 

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	 	 	Page	 
	SECTION 3.11 Disclosure
	 	 	52	 
	SECTION 3.12 Subsidiaries
	 	 	52	 
	 
	 	 	 	 
	ARTICLE IV Conditions
	 	 	52	 
	 
	 	 	 	 
	SECTION 4.01 Effective Date
	 	 	52	 
	SECTION 4.02 Each Credit Event
	 	 	53	 
	 
	 	 	 	 
	ARTICLE V Affirmative Covenants
	 	 	54	 
	 
	 	 	 	 
	SECTION 5.01 Financial Statements; Ratings Change and Other Information
	 	 	54	 
	SECTION 5.02 Notices of Material Events
	 	 	55	 
	SECTION 5.03 Existence; Conduct of Business
	 	 	55	 
	SECTION 5.04 Payment of Obligations
	 	 	56	 
	SECTION 5.05 Maintenance of Properties; Insurance
	 	 	56	 
	SECTION 5.06 Books and Records; Inspection Rights
	 	 	56	 
	SECTION 5.07 Compliance with Laws
	 	 	56	 
	SECTION 5.08 Use of Proceeds
	 	 	56	 
	SECTION 5.09 Additional Subsidiaries
	 	 	57	 
	 
	 	 	 	 
	ARTICLE VI Negative Covenants
	 	 	57	 
	 
	 	 	 	 
	SECTION 6.01 Indebtedness
	 	 	57	 
	SECTION 6.02 Liens
	 	 	58	 
	SECTION 6.03 Fundamental Changes
	 	 	59	 
	SECTION 6.04 Investments, Loans, Advances, Guarantees and Acquisitions
	 	 	60	 
	SECTION 6.05 Swap Agreements
	 	 	61	 
	SECTION 6.06 Restricted Payments
	 	 	61	 
	SECTION 6.07 Transactions with Affiliates
	 	 	61	 
	SECTION 6.08 Restrictive Agreements
	 	 	62	 
	SECTION 6.09 Asset Dispositions
	 	 	62	 
	SECTION 6.10 Financial Covenants
	 	 	62	 
	SECTION 6.11 Immaterial Subsidiaries
	 	 	63	 
	 
	 	 	 	 
	ARTICLE VII Events of Default
	 	 	63	 
	 
	 	 	 	 
	ARTICLE VIII The Administrative Agent
	 	 	65	 
	 
	 	 	 	 
	ARTICLE IX Miscellaneous
	 	 	67	 
	 
	 	 	 	 
	SECTION 9.01 Notices
	 	 	67	 
	SECTION 9.02 Waivers; Amendments
	 	 	68	 
	SECTION 9.03 Expenses; Indemnity; Damage Waiver
	 	 	69	 
	SECTION 9.04 Successors and Assigns
	 	 	70	 
	SECTION 9.05 Survival
	 	 	74	 
	SECTION 9.06 Counterparts; Integration; Effectiveness
	 	 	74	 
	SECTION 9.07 Severability
	 	 	74	 
	SECTION 9.08 Right of Setoff
	 	 	75	 
	SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process
	 	 	75	 
	SECTION 9.10 WAIVER OF JURY TRIAL
	 	 	75	 
	SECTION 9.11 Headings
	 	 	76	 
	SECTION 9.12 Confidentiality
	 	 	76	 

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	 	 	Page	 
	SECTION 9.13 Interest Rate Limitation
	 	 	77	 
	SECTION 9.14 USA PATRIOT Act
	 	 	77	 
	SECTION 9.15 Release of Subsidiary Guarantors
	 	 	77	 

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SCHEDULES:

Schedule 1.01A — Investment Policy

Schedule 1.01B — Immaterial Subsidiaries

Schedule 2.01 — Commitments

Schedule 3.06 — Disclosed Matters

Schedule 3.12 — Subsidiaries

Schedule 6.01 — Existing Indebtedness

Schedule 6.02 — Existing Liens

Schedule 6.04 — Existing Investments

Schedule 6.08 — Existing Restrictions

EXHIBITS:

Exhibit A — Form of Assignment and Assumption

Exhibit B — Form of Opinion of Loan Parties’ Counsel

Exhibit C — Form of U.S. Tax Certificates

Exhibit D — Form of Instrument of Adherence

Exhibit E — Form of Subsidiary Guarantee Agreement

Exhibit F — Mandatory Cost

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     CREDIT AGREEMENT (this “Agreement”) dated as of August 15, 2011, among PROGRESS SOFTWARE
CORPORATION, a Massachusetts corporation, the LENDERS party hereto, and JPMORGAN CHASE BANK, N.A.,
as Administrative Agent.

     The parties hereto agree as follows:

ARTICLE I

Definitions

     SECTION 1.01 Defined Terms. As used in this Agreement, the following terms have
the meanings specified below:

     “ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the
Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the
Alternate Base Rate.

     “Acquisition” means any transaction or series of related transactions resulting, directly or
indirectly, in (a) the acquisition of all or substantially all of the assets of any Person (other
than an existing Subsidiary), or any business or division of any Person (other than an existing
Subsidiary), (b) the acquisition of in excess of fifty percent (50%) of the stock (or other Equity
Interest) with ordinary voting power of any Person (other than an existing Subsidiary), or (c) the
acquisition of another Person (other than an existing Subsidiary) by a merger, amalgamation or
consolidation or any other combination with such Person.

     “Additional Lender” has the meaning assigned to such term in Section 2.21.

     “Adjusted LIBO Rate” means, with respect to any Eurocurrency Borrowing for any Interest
Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to
the sum of (a) (i) the LIBO Rate for such Interest Period multiplied by (ii) the Statutory Reserve
Rate, plus, without duplication (b) in the case of Revolving Loans made by a Lender from
its office or branch in the United Kingdom, the Mandatory Cost.

     “Administrative Agent” means JPMorgan Chase Bank, N.A. (including its subsidiaries and
Affiliates), in its capacity as administrative agent for the Lenders hereunder.

     “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the
Administrative Agent.

     “Affiliate” means, with respect to a specified 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.

     “Agreed Currencies” means (a) U.S. Dollars, (b) Euro, (c) Pounds Sterling, (d) Swiss Francs,
(e) Australian Dollars, (f) Japanese Yen and (g) any other Foreign Currency acceptable to all of
the Lenders.

     “Agreement” has the meaning assigned to such term in the preamble.

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     “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the
Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1/2
of 1%, and (c) the Adjusted LIBO Rate for a one (1) month Interest Period on such day (or if such
day is not a Business Day, the immediately preceding Business Day) plus 1%; provided that,
for purposes of this definition, the Adjusted LIBO Rate for any Business Day shall be based on the
rate appearing on the Reuters Screen LIBOR01 (or on any successor or substitute page of such
service, or any successor to or substitute for such service, providing rate quotations comparable
to those currently provided on such page of such service, as determined by the Administrative Agent
from time to time for purposes of providing quotations of interest rates applicable to deposits in
U.S. Dollars in the London interbank market) at approximately 11:00 a.m. London time on such
Business Day. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal
Funds Effective Rate or the Adjusted LIBO Rate shall be effective from and including the effective
date of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate,
respectively.

     “Applicable Percentage” means, with respect to any Lender, the percentage of the total
Commitments represented by such Lender’s Commitment; provided that in the case of
Section 2.20 when a Defaulting Lender shall exist, “Applicable Percentage” shall mean the
percentage of the total Commitments (disregarding any Defaulting Lender’s Commitment) represented
by such non-Defaulting Lender’s Commitment. If the Commitments have terminated or expired, the
Applicable Percentages shall be determined based upon the Revolving Credit Exposure then in effect,
giving effect to any assignments and to any Lender’s status as a Defaulting Lender at the time of
determination.

     “Applicable Rate” means, for any day, with respect to any Eurocurrency Loan or ABR Loan or
with respect to the commitment fees payable hereunder, as the case may be, the applicable rate per
annum set forth below under the caption “Applicable Rate for Eurocurrency Loans”, “Applicable Rate
for ABR Loans” or “Applicable Rate for Commitment Fee”, as the case may be, based on the
Consolidated Leverage Ratio applicable on such date:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Applicable
	 	 	 	 	 	 	 	 	Applicable	 	Rate for
	Pricing	 	Consolidated	 	Applicable Rate for	 	Rate for ABR	 	Commitment
	Level	 	Leverage Ratio	 	Eurocurrency Loans	 	Loans	 	Fee
	1

	 	≤1.00:1.00
	 	 	1.250	%	 	 	0.250	%	 	 	0.250	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2

	 	>1.00:1.00 and ≤
2.00:1.00
	 	 	1.500	%	 	 	0.500	%	 	 	0.300	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	3

	 	>2.00:1.00
	 	 	1.750	%	 	 	0.750	%	 	 	0.350	%

For purposes of the foregoing, (a) the Consolidated Leverage Ratio shall be determined as of
the end of each fiscal quarter of the Borrower and its Subsidiaries based on the financial
statements delivered pursuant to Section 5.01(a) or (b) and the corresponding
certificate delivered pursuant

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to Section 5.01(c); and (b) each change in the Applicable
Rate resulting from a change in the Consolidated Leverage Ratio shall be effective during the
period commencing on and including the date of delivery to the Administrative Agent of such
financial statements and certificate indicating such change and ending on the date immediately
preceding the effective date of the next change in the Applicable Rate; provided that
Pricing Level 3 set forth above shall apply if the Borrower fails to deliver the consolidated
financial statements required to be delivered by it pursuant to Section 5.01(a) or
(b) or the corresponding certificate required to be delivered by it pursuant to Section
5.01(c), during the period from the expiration of the time for delivery thereof until such
financial statements and certificate are delivered. Pricing Level 1 set forth above shall apply
during the period commencing on and including the Effective Date and ending on the date immediately
preceding the delivery of financial statements covering the fiscal quarter of the Borrower and its
Subsidiaries ending August 31, 2011, pursuant to Section 5.01(b) and the corresponding
certificate pursuant to Section 5.01(c).

     “Approved Fund” means any Person (other than a natural person) that is engaged in making,
purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary
course of its business and 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.

     “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an
assignee (with the consent of any party whose consent is required by Section 9.04), and
accepted by the Administrative Agent, in the form of Exhibit A or any other form approved
by the Administrative Agent.

     “Australian Dollars” means the lawful currency of Australia.

     “Availability Period” means the period from and including the Effective Date to but excluding
the earlier of the Maturity Date and the date of termination of the Commitments.

     “Bankruptcy Event” means, with respect to any Person, such Person becomes the subject of a
bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator,
custodian, assignee for the benefit of creditors or similar Person charged with the reorganization
or liquidation of its business appointed for it, or, in the good faith determination of the
Administrative Agent, has taken any action in furtherance of, or indicating its consent to,
approval of, or acquiescence in, any such proceeding or appointment, provided that a
Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of
any ownership interest, in such Person by a Governmental Authority or instrumentality thereof,
provided, further, that such ownership interest does not result in or provide such
Person with immunity from the jurisdiction of courts within the United States or from the
enforcement of judgments or writs of attachment on its assets or permit such Person (or such
Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts
or agreements made by such Person.

     “Board” means the Board of Governors of the Federal Reserve System of the United States of
America.

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     “Borrower” means Progress Software Corporation, a Massachusetts corporation.

     “Borrowing” means (a) Revolving Loans of the same Type and currency, made, converted or
continued on the same date and, in the case of Eurocurrency Loans, as to which a single Interest
Period is in effect, or (b) a Swingline Loan.

     “Borrowing Request” means a request by the Borrower for a Revolving Borrowing in accordance
with Section 2.03.

     “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial
banks in New York City are authorized or required by law to remain closed; provided that
(a) when used in connection with a Eurocurrency Loan, the term “Business Day” shall also exclude
any day on which banks are not open for dealings in the applicable Agreed Currency in the London
interbank market or the principal financial center of such Agreed Currency, and (b) when used in
connection with a Eurocurrency Loan denominated in Euro, the term “Business Day” shall also exclude
any day on which the TARGET payment system is not open for the settlement of payments in Euro.

     “Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or
other amounts under any lease of (or other arrangement conveying the right to use) real or personal
property, or a combination thereof, which obligations are required to be classified and accounted
for as capital leases on a balance sheet of such Person under GAAP, and the amount of such
obligations shall be the capitalized amount thereof determined in accordance with GAAP.

     “Cash Equivalent Investments” means:

     (a) direct obligations of, or obligations the principal of and interest on which are
unconditionally guaranteed by, the United States of America (or by any agency thereof to the extent
such obligations are backed by the full faith and credit of the United States of America), in each
case maturing within one (1) year from the date of acquisition thereof;

     (b) investments in commercial paper maturing within two hundred seventy (270) days from the
date of acquisition thereof and having, at such date of acquisition, the highest credit rating
obtainable from S&P or from Moody’s;

     (c) investments in certificates of deposit, banker’s acceptances and time deposits maturing
within one hundred eighty (180) days from the date of acquisition thereof issued or guaranteed by
or placed with, and money market deposit accounts issued or offered by, any domestic office of any
commercial bank organized under the laws of the United States of America or any State thereof which
has a combined capital and surplus and undivided profits of not less than $500,000,000;

     (d) fully collateralized repurchase agreements with a term of not more than thirty (30) days
for securities described in clause (a) above and entered into with a financial institution
satisfying the criteria described in clause (c) above;

-4-

 

     (e) money market funds that (i) comply with the criteria set forth in Securities and Exchange
Commission Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated AAA by S&P and Aaa by
Moody’s and (iii) have portfolio assets of at least $5,000,000,000;

     (f) without duplication of subparts (a) through (e) above, investments described on
Schedule 1.01A, as such Schedule may be updated from time to time after the Effective Date
(but not more frequently than once per calendar year) by the Borrower with the consent of the
Administrative Agent;

     (g) without duplication of subparts (a) through (f) above, cash equivalents as determined in
accordance with GAAP; and

     (h) other short term liquid investments approved in writing by the Administrative Agent.

     “Change in Control” means (a) the acquisition of ownership, directly or indirectly,
beneficially or of record, by any Person or group (within the meaning of the Securities Exchange
Act of 1934 and the rules of the Securities and Exchange Commission thereunder as in effect on the
date hereof), of Equity Interests representing more than thirty-five percent (35%) of the aggregate
ordinary voting power represented by the issued and outstanding Equity Interests of the Borrower;
(b) a majority of the members of the board of directors of the Borrower shall cease to be comprised
of individuals (i) who were directors on the Effective Date or (ii) whose election by the board of
directors, or whose nomination for election by the shareholders of the Borrower, was approved by a
vote of at least a majority of the directors who were either directors on the Effective Date or
whose election or nomination was previously so approved; or (c) the acquisition of direct or
indirect Control of the Borrower by any Person or group (within the meaning of the Securities
Exchange Act of 1934 and the rules of the Securities and Exchange Commission thereunder as in
effect on the date hereof).

     “Change in Law” means (a) the adoption of any law, rule, regulation, or treaty (including any
rules or regulations issued under or implementing any existing law) after the date of this
Agreement, (b) any change in any law, rule, regulation or treaty or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement or (c)
compliance by any Lender or the Issuing Bank (or by any applicable lending office of such Lender or
the Issuing Bank) with any request, guideline or directive (whether or not having the force of law)
of any Governmental Authority made or issued after the date of this Agreement; provided
that, notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in
connection therewith or in implementation thereof, and (y) all requests, rules, guidelines or
directives promulgated by the Bank for International Settlements, the Basel Committee on Banking
Supervision (or any successor or similar authority) or the United States or foreign regulatory
authorities, in each case under Basel III, shall in each case be deemed to be a “Change in Law”
regardless of the date enacted, adopted, issued or implemented.

     “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the
Loans comprising such Borrowing, are Revolving Loans or Swingline Loans.

-5-

 

     “Code” means the Internal Revenue Code of 1986, as amended.

     “Commitment” means, with respect to each Lender, the commitment of such Lender to make
Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder,
expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit
Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section
2.09, (b) reduced or increased from time to time pursuant to assignments by or to such Lender
pursuant to Section 9.04, and (c) increased from time to time pursuant to Section
2.21. The initial amount of each Lender’s Commitment is set forth on Schedule 2.01, or
in the Assignment and Assumption pursuant to which such Lender shall have assumed its Commitment,
as applicable. The initial aggregate amount of the Lenders’ Commitments is $150,000,000.

     “Computation Date” has the meaning assigned to such term in Section 2.04.

     “Consolidated” or “consolidated” means, with reference to any term defined herein, that term
as applied to the accounts of the Borrower and its Subsidiaries, consolidated in accordance with
GAAP.

     “Consolidated EBITDA” means, with reference to any period, Consolidated Net Income for such
period plus (a) without duplication, to the extent deducted from revenues in determining
such Consolidated Net Income, (i) Consolidated Interest Charges, (ii) the provision for federal,
state, local and foreign income taxes, (iii) depreciation expense, (iv) amortization expense, (v)
extraordinary or non-recurring non-cash losses or expenses, (vi) non-cash write-offs of deferred
revenues in connection with Acquisitions permitted by Section 6.04(i) and non-cash expenses
related to stock-based compensation, and (vii) in connection with any Acquisition permitted by
Section 6.04(i), all restructuring costs, facilities relocation costs, acquisition
integration costs and fees (including cash severance payments), and fees and expenses paid in
connection with such Acquisition, all to the extent incurred prior to or within twelve (12) months
after the completion of such Acquisition and in an aggregate amount not to exceed $10,000,000 for
such Acquisition, minus (b) to the extent included in such Consolidated Net Income, (i)
federal, state, local and foreign income tax credits and refunds (to the extent not netted from tax
expense), (ii) any cash payments made during such period in respect of items described in clauses
(a)(v) or (a)(vi) above subsequent to the fiscal quarter in which the relevant non-cash expenses or
losses were incurred, and (iii) extraordinary or non-recurring income or gains, all calculated for
the Borrower and its Subsidiaries in accordance with GAAP on a consolidated basis. For the
purposes of calculating Consolidated EBITDA for any Reference Period, (x) if at any time during
such Reference Period the Borrower or any Subsidiary shall have made any sale, transfer or
disposition of property or series of related sales, transfers, or dispositions of property (other
than to any Loan Party), the Consolidated EBITDA for such Reference Period shall be reduced by an
amount equal to the Consolidated EBITDA (if positive) attributable to the property that is the
subject of such sale, transfer or disposition for such Reference Period or increased by an amount
equal to the Consolidated EBITDA (if negative) attributable thereto for such Reference Period, and
(y) if during such Reference Period the Borrower or any Subsidiary shall have made an Acquisition
permitted by Section 6.04(i), Consolidated EBITDA for such Reference Period shall be
calculated after giving effect thereto on a pro forma basis as if such Acquisition
occurred on the first day of such Reference Period and, without duplicating any other add-back to
Consolidated

-6-

 

EBITDA (including clause (a)(vii) above), after giving effect to the amount of net
cost savings, operating expense reductions and synergies (i) that are projected by the Borrower in
good faith to be realized as a result of such Acquisition, to the extent such adjustments are
permitted to be reflected in financial statements prepared in accordance with Regulation S-X under
the Securities Act of 1933, as amended and (ii) not included in the foregoing clause (y)(i) that
are projected by the Borrower in good faith to be realized as a result of and for the twelve (12)
month period following the consummation of such Acquisition; provided that such cost
savings, operating expense reductions and synergies included in this clause (y)(ii) are reasonably
identifiable, quantifiable and factually supportable in the good faith judgment of the Borrower and
do not exceed ten percent (10%) of the amount of Consolidated EBITDA calculated without giving
effect to this clause (y)(ii).

     “Consolidated Interest Charges” means, with reference to any period, for the Borrower and its
Subsidiaries calculated in accordance with GAAP on a consolidated basis (without duplication) for
such period, the sum of (a) all interest, premium payments, debt discount, fees, charges and
related expenses of the Borrower and its Subsidiaries in connection with borrowed money (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 (b) the portion of rent expense of the
Borrower and its Subsidiaries with respect to such period under capital leases that is treated as
interest in accordance with GAAP.

     “Consolidated Interest Coverage Ratio” means, as of the last day of any fiscal quarter, the
ratio of (a) Consolidated EBITDA for the Reference Period ended on such date to (b) Consolidated
Interest Charges for the Reference Period ended on such date.

     “Consolidated Leverage Ratio” means, as of the last day of any fiscal quarter, the ratio of
(a) Consolidated Total Debt as of such date to (b) Consolidated EBITDA for the Reference Period
ended on such date.

     “Consolidated Liquidity Amount” means, as of any date of determination, the aggregate amount
as of such date of cash on hand and Cash Equivalent Investments of the Borrower and its
Subsidiaries, as determined on a consolidated basis in accordance with GAAP.

     “Consolidated Net Income” means, with reference to any period, the net income (or loss) of the
Borrower and its Subsidiaries calculated in accordance with GAAP on a consolidated basis (without
duplication) for such period.

     “Consolidated Tangible Assets” means, as of any date of determination, the book value as of
such date of all assets of the Borrower and its Subsidiaries, as determined on a consolidated basis
in accordance with GAAP, minus the book value as of such date of all goodwill and other intangible
assets of the Borrower and its Subsidiaries, as determined on a consolidated basis in accordance
with GAAP.

     “Consolidated Total Debt” means, as of any date of determination, the outstanding principal
amount as of such date of all Indebtedness of the Borrower and its Subsidiaries on a consolidated
basis.

-7-

 

     “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, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto.

     “Credit Party” means the Administrative Agent, the Issuing Bank, the Swingline Lender or any
other Lender.

     “Default” means any event or condition which constitutes an Event of Default or which upon
notice, lapse of time or both would, unless cured or waived, become an Event of Default.

     “Defaulting Lender” means any Lender that (a) has failed, within two (2) Business Days after
the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion
of its participations in Letters of Credit or Swingline Loans or (iii) pay over to any Credit Party
any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such
Lender notifies the Administrative Agent in writing that such failure is the result of such
Lender’s good faith determination that a condition precedent to funding (specifically identified
and including the particular default, if any) has not been satisfied, (b) has notified the Borrower
or any Credit Party in writing, or has made a public statement to the effect, that it does not
intend or expect to comply with any of its funding obligations under this Agreement (unless such
writing or public statement indicates that such position is based on such Lender’s good faith
determination that a condition precedent (specifically identified and including the particular
default, if any) to funding cannot be satisfied) or generally under other agreements in which it
commits to extend credit, (c) has failed, within three (3) Business Days after request by a Credit
Party, acting in good faith, to provide a certification in writing from an authorized officer of
such Lender that it will comply with its obligations (and is financially able to meet such
obligations) to fund prospective Loans and participations in then outstanding Letters of Credit and
Swingline Loans under this Agreement, provided that such Lender shall cease to be a Defaulting
Lender pursuant to this clause (c) upon such Credit Party’s receipt of such certification in form
and substance satisfactory to it and the Administrative Agent or (d) has, or has a Lender Parent
that has, become the subject of a Bankruptcy Event.

     “Disclosed Matters” means the actions, suits and proceedings and the environmental matters
disclosed in Schedule 3.06.

     “Dollar Amount” of any currency at any date means (a) if such currency is U.S. Dollars, the
amount of such currency, or (b) if such currency is a Foreign Currency, the equivalent in such
currency of U.S. Dollars, calculated on the basis of the Exchange Rate for such currency on or as
of the most recent Computation Date provided for in Section 2.04.

     “Domestic Subsidiary” means any Subsidiary that is incorporated under the laws of the United
States or its territories or possessions.

     “Effective Date” means the date on which the conditions specified in Section 4.01 are
satisfied (or waived in accordance with Section 9.02).

     “Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees,
judgments, injunctions, notices or binding agreements issued, promulgated or entered

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into by any
Governmental Authority, relating in any way to the environment, preservation or reclamation of
natural resources, the management, release or threatened release of any Hazardous Material or to
health and safety matters.

     “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Borrower or any Subsidiary 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 Interests” means shares of capital stock, partnership interests, membership interests
in a limited liability company, beneficial interests in a trust or other equity ownership interests
in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or
acquire any such equity interest.

     “Equivalent Amount” of any currency with respect to any amount of U.S. Dollars at any date
means the equivalent in such currency of such amount of U.S. Dollars, calculated on the basis of
the Exchange Rate for such other currency at 11:00 a.m. London time on the date on or as of which
such amount is to be determined.

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to
time.

     “ERISA Affiliate” means any trade or business (whether or not incorporated) that, together
with the Borrower, is treated as a single employer under any subsection of Section 414 of the Code.

     “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the
regulations issued thereunder with respect to a Plan (other than an event for which the applicable
notice period is waived); (b) the determination that any Multiemployer Plan is in either
“endangered status” or “critical status” (as defined in Section 432 of the Code or Section 305 of
ERISA), or the failure of any Plan to satisfy the minimum funding standards of Sections 412 and 430
of the Code or Sections 302 and 303 of ERISA, or the determination that any Plan is in “at-risk”
status (as defined in Section 430(i) of the Code or Section 303(i) of ERISA) or the imposition of
any lien on the Borrower or any of its ERISA Affiliates pursuant to Section 430(k) of the Code or
Section 303(k) of ERISA; (c) the filing pursuant to Section 412(c) of the Code or Section 303(c) of
ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d)
the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of
ERISA with respect to the termination of any Plan; (e) the receipt by
the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice
relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any
Plan; (f) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with
respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; (g) the
receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by any

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Multiemployer
Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition of
Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be,
insolvent or in reorganization, within the meaning of Title IV of ERISA; (h) the engagement by the
Borrower or any of its ERISA Affiliates in a non-exempt “prohibited transaction” (as defined under
Section 406 of ERISA or Section 4975 of the Code) or a breach of a fiduciary duty under ERISA that
could result in liability to the Borrower or any of its Subsidiaries; (i) the failure of any Plan
(and any related trust) that is intended to be qualified under Sections 401 and 501 of the Code to
be so qualified; (j) the commencement, existence or threatening of a claim, action, suit, audit or
investigation with respect to any Plan, other than a routine claim for benefits; (k) any incurrence
by or any expectation of the incurrence by the Borrower or any of its ERISA Affiliates of any
liability for post-retirement benefits under any employee benefit plan described in Section 3(1) of
ERISA, other than as required by Section 601 et seq. of ERISA or Section 4980B of
the Code or similar state law; or (l) the occurrence of an event with respect to any employee
benefit plan described in Section 3(3) of ERISA that results in the imposition of liability on the
Borrower or any of its ERISA Affiliates or of the imposition of a Lien on the assets of the
Borrower or any of its ERISA Affiliates.

     “Euro” or “€” means the single currency of the participating member states of the European
Union.

     “Eurocurrency” means, with respect to any Loan or Borrowing, whether such Loan, or the Loans
comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted
LIBO Rate.

     “Eurocurrency Payment Office” of the Administrative Agent shall mean, for each Foreign
Currency, the office, branch, affiliate or correspondent bank of the Administrative Agent for such
currency as specified from time to time by the Administrative Agent to the Borrower and each
Lender.

     “Exchange Rate” means, on any day, with respect to any Foreign Currency, the rate at which
such Foreign Currency may be exchanged into U.S. Dollars, as set forth at approximately 11:00 a.m.,
Local Time, on such date on the Reuters World Currency Page for such Foreign Currency. In the
event that such rate does not appear on any Reuters World Currency Page, the Exchange Rate with
respect to such Foreign Currency shall be determined by reference to such other publicly available
service for displaying exchange rates as may be reasonably selected by the Administrative Agent in
consultation with the Borrower or, in the event no such service is selected, such Exchange Rate
shall instead be calculated on the basis of the arithmetical average of the spot rates of exchange
of the Administrative Agent for such Foreign Currency on the London market at 11:00 a.m., Local
Time, on such date for the purchase of U.S. Dollars with such Foreign Currency, for delivery two
(2) Business Days later; provided, that if at the time of any such determination, for any
reason, no such spot rate is being quoted, the Administrative
Agent in consultation with the Borrower may use any reasonable method it deems appropriate to
determine such rate, and such determination shall be conclusive absent manifest error.

     “Event of Default” has the meaning assigned to such term in Article VII.

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     “Excluded Subsidiary” means (a) any Subsidiary that is not a wholly owned Subsidiary of the
Borrower, (b) any Subsidiary (i) that is prohibited by applicable law or contractual obligations
existing on the date of this Agreement (or, in the case of any newly acquired Subsidiary, in
existence at the time of acquisition but not entered into in contemplation thereof) from
guaranteeing the Obligations or (ii) with respect to which, in the reasonable judgment of the
Administrative Agent, in consultation with the Borrower, the burden or cost or other consequences
of obtaining any governmental (including regulatory) consent, approval, license or authorization
required for such Subsidiary to provide a guarantee of the Obligations shall be excessive in view
of the benefits to be obtained by the Lenders therefrom, (c) any other Subsidiary with respect to
which, in the reasonable judgment of the Administrative Agent, in consultation with the Borrower,
the burden or cost or other consequences (including any material adverse tax consequences) of
providing a guarantee of the Obligations shall be excessive in view of the benefits to be obtained
by the Lenders therefrom, (d) any Foreign Subsidiary of the Borrower or of any other direct or
indirect Domestic Subsidiary or Foreign Subsidiary, (e) any direct or indirect Domestic Subsidiary
(x) that is treated as a disregarded entity for federal income tax purposes and (y) substantially
all of the assets of which are the Equity Interests of a Foreign Subsidiary, (f) any Subsidiary
that is a captive insurance company, and (g) Progress Security Corporation, a Massachusetts
securities corporation.

     “Excluded Taxes” means any of the following Taxes imposed on or with respect to a Recipient:
(a) income Taxes imposed on (or measured by) its net income (or franchise taxes imposed in lieu of
net income taxes) by the United States of America (or any political subdivision thereof), or by the
jurisdiction under the laws of which such Recipient is organized or in which its principal office
is located or, in the case of any Lender, in which its applicable lending office is located, (b)
any branch profits Taxes imposed by the United States of America or any similar Taxes imposed by
any other jurisdiction in which the Borrower is located, (c) in the case of a Non-U.S. Lender
(other than an assignee pursuant to a request by the Borrower under Section 2.19(b)), any
United States Federal withholding Taxes resulting from any law in effect on such date such Non-U.S.
Lender becomes a party to this Agreement (or designates a new lending office) or is attributable to
such Non-U.S. Lender’s failure to comply with Section 2.17(f), except to the extent that
such Non-U.S. Lender (or its assignor, if any) was entitled, at the time of designation of a new
lending office (or assignment), to receive additional amounts from the Borrower with respect to
such withholding Taxes pursuant to Section 2.17(a), (d) any backup withholding tax that is
required by law to be withheld from amounts payable to a recipient that is a “United States person”
within the meaning of Section 7701(a)(30) of the Code, and (e) taxes imposed under FATCA.

     “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any
amended or successor version that is substantively comparable, imposes Taxes solely as a result of
failures to meet reporting requirements and can be complied with by the Lenders without violation
of any applicable law), and any current or future regulations or official interpretations thereof.

     “Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if
necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with
members of the Federal Reserve System arranged by Federal funds brokers, as published on the next
succeeding Business Day by the Federal Reserve Bank of New York, or, if

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such rate is not so
published for any day that is a Business Day, the average (rounded upwards, if necessary, to the
next 1/100 of 1%) of the quotations for such day for such transactions received by the
Administrative Agent from three (3) Federal funds brokers of recognized standing selected by it.

     “Financial Officer” means the chief financial officer, principal accounting officer, treasurer
or controller of the Borrower.

     “Foreign Currencies” means Agreed Currencies other than U.S. Dollars.

     “Foreign Currency Exposure” has the meaning assigned to such term in Section 2.11(c).

     “Foreign Currency Letter of Credit” means a Letter of Credit denominated in a Foreign
Currency.

     “Foreign Currency Sublimit” means $75,000,000.

     “Foreign Subsidiary” means any Subsidiary that is not incorporated under the laws of the
United States or its territories or possessions.

     “GAAP” means generally accepted accounting principles in the United States of America.

     “Governmental Authority” means the government of the United States of America, any other
nation or any political subdivision thereof, whether state or local, and any agency, authority,
instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to
government.

     “Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or
otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any
Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether
directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or
other obligation or to purchase (or to advance or supply funds for the purchase of) any security
for the payment thereof, (b) to purchase or lease property, securities or services for the purpose
of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to
maintain working capital, equity capital or any other financial statement condition or liquidity of
the primary obligor so as to enable the primary obligor to pay such Indebtedness or other
obligation or (d) as an account party in respect of any letter of credit or letter of guaranty
issued to support such Indebtedness or obligation; provided, that the term Guarantee shall
not include endorsements for collection or deposit in the ordinary course of business.

     “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.

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     “Immaterial Subsidiary” means each of the Subsidiaries listed on Schedule 1.01B and
each other Subsidiary (other than a Subsidiary Guarantor) designated as an “Immaterial Subsidiary”
from time to time by the Borrower in a written notice to the Administrative Agent; provided
that (i) no Immaterial Subsidiary shall, individually, comprise more than one percent (1%) of the
Borrower’s consolidated assets or Consolidated EBITDA as of the end of or for the most recently
ended Reference Period (it being understood and agreed that if, at any time, any designated
Immaterial Subsidiary exceeds such threshold, it shall automatically cease to be an Immaterial
Subsidiary until such time, if any, as the Borrower may re-designate it as an “Immaterial
Subsidiary” in accordance herewith), and (ii) all Immaterial Subsidiaries shall not, collectively,
comprise more than two percent (2%) of the Borrower’s consolidated assets or Consolidated EBITDA as
of the end of or for the most recently ended Reference Period.

     “Indebtedness” of any Person means, without duplication, (a) all obligations of such Person
for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or
similar instruments, (c) all obligations of such Person upon which interest charges are customarily
paid (excluding current accounts payable incurred in the ordinary course of business), (d) all
obligations of such Person under conditional sale or other title retention agreements relating to
property acquired by such Person, (e) all obligations of such Person in respect of the deferred
purchase price of property or services (excluding current accounts payable incurred in the ordinary
course of business), (f) all Indebtedness of others secured by (or for which the holder of such
Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property
owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed,
(g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease Obligations of
such Person, (i) all obligations, contingent or otherwise, of such Person as an account party in
respect of letters of credit and letters of guaranty and (j) all obligations, contingent or
otherwise, of such Person in respect of bankers’ acceptances. The Indebtedness of any Person shall
include the Indebtedness of any other entity (including any partnership in which such Person is a
general partner) to the extent such Person is liable therefor as a result of such Person’s
ownership interest in or other relationship with such entity, except to the extent the terms of
such Indebtedness provide that such Person is not liable therefor.

     “Indemnified Taxes” means (a) Taxes other than Excluded Taxes and (b) Other Taxes.

     “Ineligible Assignee” means a (a) natural person or (b) company, investment vehicle or trust
for, or owned and operated for the primary benefit of, a natural person or a relative thereof.

     “Information Memorandum” means the Confidential Information Memorandum dated July 7, 2011,
relating to the Borrower and the Transactions.

     “Interest Election Request” means a request by the Borrower to convert or continue a Revolving
Borrowing in accordance with Section 2.08.

     “Interest Payment Date” means (a) with respect to any ABR Loan (other than a Swingline Loan),
the last day of each March, June, September and December, (b) with respect to any Eurocurrency
Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part
and, in the case of a Eurocurrency Borrowing with an Interest Period of more

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than three (3) months’
duration, each day prior to the last day of such Interest Period that occurs at intervals of three
(3) months’ duration after the first day of such Interest Period, and (c) with respect to any
Swingline Loan, the day that such Loan is required to be repaid.

     “Interest Period” means, with respect to any Eurocurrency Borrowing, the period commencing on
the date of such Borrowing and ending on the numerically corresponding day in the calendar month
that is one (1), two (2), three (3) or six (6) months (or, with the consent of each Lender, any
other period that is twelve (12) months or less) thereafter, as the Borrower may elect;
provided, that (i) if any Interest Period would end on a day other than a Business Day,
such Interest Period shall be extended to the next succeeding Business Day unless, in the case of a
Eurocurrency Borrowing only, such next succeeding Business Day would fall in the next calendar
month, in which case such Interest Period shall end on the next preceding Business Day and (ii) any
Interest Period pertaining to a Eurocurrency Borrowing that commences on the last Business Day of a
calendar month (or on a day for which there is no numerically corresponding day in the last
calendar month of such Interest Period) shall end on the last Business Day of the last calendar
month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the
date on which such Borrowing is made and, in the case of a Revolving Borrowing, thereafter shall be
the effective date of the most recent conversion or continuation of such Borrowing.

     “IRS” means the United States Internal Revenue Service.

     “Issuing Bank” means JPMorgan Chase Bank, N.A., in its capacity as the issuer of Letters of
Credit hereunder, and its successors in such capacity as provided in Section 2.06(i). The
Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by
Affiliates of the Issuing Bank, in which case the term “Issuing Bank” shall include any such
Affiliate with respect to Letters of Credit issued by such Affiliate.

     “Japanese Yen” or “¥” means the lawful currency of Japan.

     “LC Disbursement” means a payment made by the Issuing Bank pursuant to a Letter of Credit.

     “LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all
outstanding Letters of Credit at such time plus (b) the aggregate amount of all LC
Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The
LC Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure
at such time.

     “Lender Parent” means, with respect to any Lender, any Person as to which such Lender is,
directly or indirectly, a subsidiary.

     “Lender Party” means the Administrative Agent, the Issuing Bank, the Swingline Lender or any
other Lender.

     “Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall
have become a party hereto pursuant to an Assignment and Assumption, other than any such

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Person
that ceases to be a party hereto pursuant to an Assignment and Assumption. Unless the context
otherwise requires, the term “Lenders” includes the Swingline Lender.

     “Letter of Credit” means any letter of credit issued pursuant to this Agreement.

     “LIBO Rate” means, with respect to any Eurocurrency Borrowing for any Interest Period, the
rate appearing on, in the case of U.S. Dollars, Reuters Screen LIBOR01 Page and, in the case of any
Foreign Currency, the appropriate page of such service which displays British Bankers Association
Interest Settlement Rates for deposits in such Foreign Currency (or, in each case, on any successor
or substitute page of such service, or any successor to or substitute for such service, providing
rate quotations comparable to those currently provided on such page of such service, as determined
by the Administrative Agent from time to time for purposes of providing quotations of interest
rates applicable to deposits in the applicable Agreed Currency in the London interbank market) at
approximately 11:00 a.m., London time, two (2) Business Days prior to (or, in the case of Loans
denominated in Pounds Sterling, on the day of) the commencement of such Interest Period, as the
rate for deposits in the applicable Agreed Currency with a maturity comparable to such Interest
Period. In the event that such rate is not available at such time for any reason, then the “LIBO
Rate” with respect to such Eurocurrency Borrowing for such Interest Period shall be the rate at
which deposits in the applicable Agreed Currency in an Equivalent Amount of $5,000,000 and for a
maturity comparable to such Interest Period are offered by the principal London office of the
Administrative Agent in immediately available funds in the London interbank market at approximately
11:00 a.m., London time, two (2) Business Days prior to (or, in the case of Loans denominated in
Pounds Sterling, on the day of) the commencement of such Interest Period.

     “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge,
hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the interest
of a vendor or a lessor under any conditional sale agreement, capital lease or title retention
agreement (or any financing lease having substantially the same economic effect as any of the
foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or
similar right of a third party with respect to such securities.

     “Loan Documents” means, collectively, this Agreement, the Subsidiary Guarantee Agreement and
each supplement thereto, each promissory note delivered pursuant to this Agreement and each Letter
of Credit application.

     “Loan Parties” means, collectively, the Borrower and the Subsidiary Guarantors.

     “Loans” means the loans made by the Lenders to the Borrower pursuant to this Agreement.

     “Local Time” means (a) in the case of a Loan, Borrowing or LC Disbursement denominated in U.S.
Dollars, New York City time, and (b) in the case of a Loan, Borrowing or
LC Disbursement denominated in a Foreign Currency, local time (it being understood that such
local time shall mean London, England time unless otherwise notified by the Administrative Agent).

     “Mandatory Cost” has the meaning assigned to such term on Exhibit F.

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     “Material Adverse Effect” means a material adverse effect on (a) the business, assets,
operations or financial condition of the Borrower and the Subsidiaries, taken as a whole, (b) the
ability of the Borrower, or the Loan Parties taken as a whole, to perform any of their respective
obligations under the Loan Documents, or (c) the material rights of or benefits available to the
Lenders under the Loan Documents.

     “Material Indebtedness” means Indebtedness (other than the Loans and Letters of Credit), or
obligations in respect of one or more Swap Agreements, of any one or more of the Borrower and its
Subsidiaries in an aggregate principal amount exceeding $10,000,000. For purposes of determining
Material Indebtedness, the “principal amount” of the obligations of the Borrower or any Subsidiary
in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect
to any netting agreements) that the Borrower or such Subsidiary would be required to pay if such
Swap Agreement were terminated at such time.

     “Material U.S. Subsidiary” means a Subsidiary (other than an Excluded Subsidiary) which, by
itself or together with its Subsidiaries, accounts (excluding intercompany receivables and
goodwill) for a portion of assets or EBITDA comprising five percent (5%) or more of the Borrower’s
consolidated assets or Consolidated EBITDA as of the end of or for the most recently ended
Reference Period.

     “Maturity Date” means August 15, 2016.

     “Moody’s” means Moody’s Investors Service, Inc.

     “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA,
which is contributed to by (or to which there is an obligation to contribute of) the Borrower or an
ERISA Affiliate.

     “Non-U.S. Lender” means a Recipient that is not a U.S. Person.

     “Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties
of, the Borrower arising under any Loan Document or otherwise with respect to any Loan or Letter of
Credit, whether direct or indirect, absolute or contingent, due or to become due, now existing or
hereafter arising and including interest and fees that accrue after the commencement by or against
the Borrower of any proceeding under any debtor relief laws naming the Borrower as the debtor in
such proceeding, regardless of whether such interest and fees are allowed claims in such
proceeding.

     “Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a
present or former connection between such Recipient and the jurisdiction imposing such Taxes (other
than a connection arising from such Recipient having executed, delivered, enforced, become a party
to, performed its obligations under, received payments under, received
or perfected a security interest under, or engaged in any other transaction pursuant to, or
enforced, any Loan Document), or sold or assigned an interest in any Loan Document).

     “Other Taxes” means any present or future stamp, court, documentary intangible, recording,
filing or similar excise or property Taxes that arise from any payment made under, from the
execution, delivery, performance, enforcement or registration of, or from the

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registration, receipt
or perfection of a security interest under, or otherwise with respect to, any Loan Document, except
any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an
assignment under Section 2.19(b)).

     “Overnight Foreign Currency Rate” means, for any amount payable in a Foreign Currency, the
rate of interest per annum as determined by the Administrative Agent at which overnight or weekend
deposits in such Foreign Currency (or if such amount due remains unpaid for more than three (3)
Business Days, then for such other period of time as the Administrative Agent may elect) for
delivery in immediately available and freely transferable funds would be offered by the
Administrative Agent to major banks in the interbank market upon request of such major banks for
such Foreign Currency as determined above and in an amount comparable to the unpaid principal
amount of the related Borrowing or LC Disbursement, plus any taxes, levies, imposts, duties,
deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any
relevant correspondent bank in respect of such amount in such Foreign Currency.

     “Participant” has the meaning assigned to such term in Section 9.04.

     “Participant Register” has the meaning assigned to such term in Section 9.04(c).

     “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any
successor entity performing similar functions.

     “Permitted Encumbrances” means:

     (a) Liens imposed by law for Taxes that are not yet due or are being contested in compliance
with Section 5.04;

     (b) real property lessors’, carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s
and other like Liens imposed by law, arising in the ordinary course of business and securing
obligations that are not overdue by more than sixty (60) days or are being contested in compliance
with Section 5.04;

     (c) pledges and deposits made in the ordinary course of business in compliance with workers’
compensation, unemployment insurance and other social security laws or regulations;

     (d) (i) pledges and deposits to secure the performance of bids, trade contracts, leases,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like
nature, in each case in the ordinary course of business (including such deposits to secure letters
of credit issued for such purpose) and (ii) pledges and deposits in the ordinary course of business
securing liability for reimbursement or indemnification obligations of (including obligations in
respect of letters of credit or bank guarantees for the benefit of) insurance carriers
providing property, casualty or liability insurance to the Borrower or any Subsidiary;

     (e) judgment liens in respect of judgments that do not constitute an Event of Default under
clause (k) of Article VII;

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     (f) easements, zoning restrictions, rights-of-way and similar encumbrances on real property
imposed by law or arising in the ordinary course of business that do not secure any monetary
obligations and do not materially detract from the value of the affected property or interfere with
the ordinary conduct of business of the Borrower or any Subsidiary;

     (g) the filing of Uniform Commercial Code financing statements and similar filings made solely
as a precautionary measure in connection with an operating lease;

     (h) customary Liens (i) of a collection bank arising under Section 4-210 of the Uniform
Commercial Code on items in the course of collection, (ii) in favor of a banking institution
arising as a matter of law encumbering deposits (including the right of setoff) and which are
within the general parameters customary in the banking industry and (iii) in favor of securities
and custodial intermediaries encumbering commodity accounts, brokerage accounts or other deposits
and investment property contained therein (including the right of setoff) and which are within the
general parameters customary in such industry;

     (i) Liens arising out of conditional sale, title retention, consignment or similar
arrangements for sale of goods entered into by the Borrower or any of its Subsidiaries in the
ordinary course of business and permitted under Section 6.09;

     (j) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payment of customs duties in connection with the importation of goods in the ordinary course of
business which payments are not overdue for a period of more than sixty (60) days or which are
being contested in compliance with Section 5.04;

     (k) any retained interest or title of a licensor, sublicensor, lessor or sublessor under
licenses and leases entered into by the Borrower or any of its Subsidiaries in the ordinary course
of business; and

     (l) leases, licenses, subleases and sublicenses granted by the Borrower or any Subsidiary in
the ordinary course of business and not interfering in any material respect with the ordinary
conduct of business of the Borrower or such Subsidiary;

provided that the term “Permitted Encumbrances” shall not include any Lien securing
Indebtedness.

     “Person” means any natural person, corporation, limited liability company, trust, joint
venture, association, company, partnership, Governmental Authority or other entity.

     “Plan” means any employee pension benefit plan (other than a Multiemployer Plan) subject to
the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in
respect of which the Borrower or any ERISA Affiliate is (or, if such plan were
terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in
Section 3(5) of ERISA.

     “Pounds Sterling” or “£” means the lawful currency of the United Kingdom.

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     “Prime Rate” means the rate of interest per annum publicly announced from time to time by
JPMorgan Chase Bank, N.A., as its prime rate in effect at its office located at 270 Park Avenue,
New York, New York; each change in the Prime Rate shall be effective from and including the date
such change is publicly announced as being effective.

     “Recipient” means, as applicable, (a) the Administrative Agent, (b) any Lender and (c) the
Issuing Bank.

     “Reference Period” means, as of the last day of any fiscal quarter, the period of four (4)
consecutive fiscal quarters of the Borrower and its Subsidiaries ending on such date.

     “Register” has the meaning assigned to such term in Section 9.04.

     “Related Parties” means, with respect to any specified Person, such Person’s Affiliates and
the respective directors, officers, employees, agents and advisors of such Person and such Person’s
Affiliates.

     “Required Lenders” means, at any time, Lenders having Revolving Credit Exposures and unused
Commitments representing more than fifty percent (50%) of the sum of the total Revolving Credit
Exposures and unused Commitments at such time; provided that, for the purpose of
determining the Required Lenders needed for any waiver, amendment, modification or consent, any
Lender that is the Borrower, or any Affiliate of the Borrower shall be disregarded.

     “Restricted Payment” means any dividend or other distribution (whether in cash, securities or
other property) with respect to any Equity Interests in the Borrower or any Subsidiary, or any
payment (whether in cash, securities or other property), including any sinking fund or similar
deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or
termination of any such Equity Interests in the Borrower.

     “Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of the
outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline
Exposure at such time.

     “Revolving Loan” means a Loan made pursuant to Section 2.03.

     “S&P” means Standard & Poor’s.

     “Statutory Reserve Rate” means, with respect to any currency, a fraction (expressed as a
decimal), the numerator of which is the number one and the denominator of which is the number one
minus the aggregate of the maximum reserve, liquid asset, fees or similar requirements (including
any marginal, special, emergency or supplemental reserves or other requirements) established by any
central bank, monetary authority, the Board, the Financial Services Authority,
the European Central Bank or other Governmental Authority for any category of deposits or
liabilities customarily used to fund loans in such currency, expressed in the case of each such
requirement as a decimal. Such reserve, liquid asset, fees or similar requirements shall, in the
case of Loans denominated in U.S. Dollars, include those imposed pursuant to Regulation D of the
Board. Eurocurrency Loans shall be deemed to be subject to such reserve, liquid asset, fee or

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similar requirements without benefit of or credit for proration, exemptions or offsets that may be
available from time to time to any Lender under any applicable law, rule or regulation, including
Regulation D of the Board. The Statutory Reserve Rate shall be adjusted automatically on and as of
the effective date of any change in any reserve, liquid asset or similar requirement.

     “subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation,
limited liability company, partnership, association or other entity the accounts of which would be
consolidated with those of the parent in the parent’s consolidated financial statements if such
financial statements were prepared in accordance with GAAP as of such date, as well as any other
corporation, limited liability company, partnership, association or other entity (a) of which
securities or other ownership interests representing more than fifty percent (50%) of the equity or
more than fifty percent (50%) of the ordinary voting power or, in the case of a partnership, more
than fifty percent (50%) of the general partnership interests are, as of such date, owned,
controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or
more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.

     “Subsidiary” means any subsidiary of the Borrower.

     “Subsidiary Guarantee Agreement” means a Subsidiary Guarantee Agreement by each Subsidiary
Guarantor in favor of the Credit Parties, substantially in the form of Exhibit E hereto,
and each supplement thereto.

     “Subsidiary Guarantors” means, collectively, the Material U.S. Subsidiaries of the Borrower
that are a party to the Subsidiary Guarantee Agreement.

     “Swap Agreement” means any agreement with respect to any swap, forward, future or derivative
transaction or option or similar agreement involving, or settled by reference to, one or more
rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or
pricing indices or measures of economic, financial or pricing risk or value or any similar
transaction or any combination of these transactions; provided that no phantom stock or
similar plan providing for payments only on account of services provided by current or former
directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap
Agreement.

     “Swingline Exposure” means, at any time, the aggregate principal amount of all Swingline Loans
outstanding at such time. The Swingline Exposure of any Lender at any time shall be its Applicable
Percentage of the total Swingline Exposure at such time.

     “Swingline Lender” means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline
Loans hereunder.

     “Swingline Loan” means a Loan made pursuant to Section 2.05.

     “Swiss Francs” means the lawful currency of Switzerland.

     “TARGET” means the Trans-European Automated Real-time Gross Settlement Express Transfer
(TARGET) payment system (or, if such payment system ceases to be operative, such

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other payment system (if any) reasonably determined by the Administrative Agent to be a
suitable replacement) for the settlement of payments in Euro.

     “Taxes” means any and all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental Authority, including
any interest, additions to tax or penalties applicable thereto.

     “Transactions” means the execution, delivery and performance by each Loan Party of each Loan
Document to which it is a party, the borrowing of Loans, the use of the proceeds thereof and the
issuance of Letters of Credit hereunder.

     “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of
interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the
Adjusted LIBO Rate or the Alternate Base Rate.

     “U.S. Dollars” or “$” means the lawful currency of the United States of America.

     “U.S. Person” means a “United States person” within the meaning of Section 7701(a)(30) of the
Code.

     “U.S. Tax Certificate” has the meaning assigned to such term in Section
2.17(f)(ii)(D)(2).

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

     “Withholding Agent” means any Loan Party and the Administrative Agent.

     SECTION 1.02 Classification of Loans and Borrowings. For purposes of this Agreement,
Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type
(e.g., a “Eurocurrency Loan”) or by Class and Type (e.g., a “Eurocurrency Revolving
Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving
Borrowing”) or by Type (e.g., a “Eurocurrency Borrowing”) or by Class and Type
(e.g., a “Eurocurrency Revolving Borrowing”).

     SECTION 1.03 Terms Generally. The definitions of terms herein shall apply equally to
the singular and plural forms of the terms defined. Whenever the context may require, any pronoun
shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the
context requires otherwise (a) any definition of or reference to any agreement, instrument or other
document herein shall be construed as referring to such agreement, instrument or other document as
from time to time amended, supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein), (b) any reference herein to
any Person shall be construed to include such Person’s successors and assigns, (c) the words
“herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to
this Agreement in its entirety and not

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to any particular provision hereof, (d) all references
herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and
Sections of, and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property”
shall be construed to have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including cash, securities, accounts and contract rights.

     SECTION 1.04 Accounting Terms; GAAP. Except as otherwise expressly provided herein,
all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in
effect from time to time; provided that, if the Borrower notifies the Administrative Agent
that the Borrower requests an amendment to any provision hereof to eliminate the effect of any
change occurring after the date hereof in GAAP or in the application thereof on the operation of
such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders
request an amendment to any provision hereof for such purpose), regardless of whether any such
notice is given before or after such change in GAAP or in the application thereof, then such
provision shall be interpreted on the basis of GAAP as in effect and applied immediately before
such change shall have become effective until such notice shall have been withdrawn or such
provision amended in accordance herewith. Notwithstanding any other provision contained herein, all
terms of an accounting or financial nature used herein shall be construed, and all computations of
amounts and ratios referred to herein shall be made, without giving effect to any election under
Financial Accounting Standards Board Accounting Standards Codification 825 (or any other Financial
Accounting Standard having a similar result or effect) to value any Indebtedness or other
liabilities of the Borrower or any Subsidiary at “fair value”, as defined therein.

     SECTION 1.05 Letter of Credit Amounts. Unless otherwise specified herein, the
amount of any Letter of Credit at any time shall be deemed to be the stated amount of such Letter
of Credit in effect at such time; provided that with respect to any Letter of Credit that,
by its terms, provides for one or more automatic increases in the stated amount thereof, the amount
of such Letter of Credit at any time shall be deemed to be the maximum stated amount of such Letter
of Credit after giving effect to all such increases, whether or not such maximum stated amount is
in effect at such time.

     SECTION 1.06 Rounding. Any financial ratios required to be maintained by the Borrower
pursuant to this Agreement (or required to be satisfied in order for a specific action to be
permitted under 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).

ARTICLE II

The Credits

     SECTION 2.01 Commitments. Subject to the terms and conditions set forth herein, each
Lender agrees to make Revolving Loans to the Borrower in Agreed Currencies from time to time during
the Availability Period in an aggregate principal amount that will not result in, subject to
Sections 2.04 and 2.11(c), (a) the Dollar Amount of such Lender’s Revolving Credit

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Exposure exceeding such Lender’s Commitment, (b) the Dollar Amount of the total Revolving Credit
Exposures exceeding the total Commitments or (c) the Dollar Amount of the total outstanding
Revolving Loans and LC Exposure, in each case denominated in Foreign Currencies, exceeding the
Foreign Currency Sublimit. Within the foregoing limits and subject to the terms and conditions set
forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans.

     SECTION 2.02 Loans and Borrowings.

     (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans
made by the Lenders ratably in accordance with their respective Commitments. The failure of any
Lender to make any Loan required to be made by it shall not relieve any other Lender of its
obligations hereunder; provided that the Commitments of the Lenders are several and no
Lender shall be responsible for any other Lender’s failure to make Loans as required.

     (b) Subject to Section 2.14, each Revolving Borrowing shall be comprised entirely of
ABR Loans or Eurocurrency Loans as the Borrower may request in accordance herewith;
provided that each ABR Loan shall only be made in U.S. Dollars. Each Swingline Loan shall
be an ABR Loan. Each Lender at its option may make any Eurocurrency Loan by causing any domestic
or foreign branch or Affiliate of such Lender to make such Loan (so long as such election does not
increase the Borrower’s costs hereunder); provided that any exercise of such option shall
not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this
Agreement.

     (c) At the commencement of each Interest Period for any Eurocurrency Revolving Borrowing, such
Borrowing shall be in an aggregate amount that is (i) an integral multiple of (A) in the case of a
Borrowing denominated in U.S. Dollars, $500,000, (B) in the case of a Borrowing denominated in
Japanese Yen, ¥50,000,000, and (C) in the case of a Borrowing denominated in any other
Foreign Currency, the smallest amount of such Foreign Currency that is an integral multiple of
500,000 units of such currency and that has an Equivalent Amount in excess of $500,000, and (ii)
not less than (A) in the case of a Borrowing denominated in U.S. Dollars, $1,000,000, (B) in the
case of a Borrowing denominated in Japanese Yen, ¥100,000,000, and (C) in the case of a
Borrowing denominated in any other Foreign Currency, the smallest amount of such Foreign Currency
that is an integral multiple of 1,000,000 units of such currency and that has an Equivalent Amount
in excess of $1,000,000. At the time that each ABR Revolving Borrowing is made, such Borrowing
shall be in an aggregate amount that is an integral multiple of $500,000 and not less than
$1,000,000; provided that an ABR Revolving Borrowing may be in an aggregate amount that is
equal to the entire unused balance of the total Commitments or that is required to finance the
reimbursement of an LC Disbursement as contemplated by Section 2.06(e). Each Swingline
Loan shall be in an amount that is an integral
multiple of $500,000 and not less than $1,000,000. Borrowings of more than one Type and Class
may be outstanding at the same time; provided that there shall not at any time be more than
a total of 8 Eurocurrency Revolving Borrowings outstanding.

     (d) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled
to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with
respect thereto would end after the Maturity Date.

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     SECTION 2.03 Requests for Revolving Borrowings. To request a Revolving Borrowing, the
Borrower shall notify the Administrative Agent of such request by telecopy of a written Borrowing
Request in a form approved by the Administrative Agent and signed by the Borrower (or, in the case
of a Revolving Borrowing denominated in U.S. Dollars, by telephone confirmed promptly by hand
delivery or telecopy to the Administrative Agent of a written Borrowing Request in a form approved
by the Administrative Agent and signed by the Borrower) (a) in the case of a Eurocurrency Borrowing
denominated in U.S. Dollars, not later than 11:00 a.m., New York City time, three (3) Business Days
before the date of the proposed Borrowing, (b) in the case of a Eurocurrency Borrowing denominated
in a Foreign Currency, not later than 11:00 a.m., Local Time, four (4) Business Days before the
date of the proposed Borrowing, or (c) in the case of an ABR Borrowing, not later than 11:00 a.m.,
New York City time, on the date of the proposed Borrowing. Each such telephonic and written
Borrowing Request shall be irrevocable and shall specify the following information in compliance
with Section 2.02:

     (i) the aggregate amount of the requested Borrowing;

     (ii) the date of such Borrowing, which shall be a Business Day;

     (iii) whether such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing;

     (iv) in the case of a Eurocurrency Borrowing, the Agreed Currency and initial Interest
Period to be applicable thereto, which shall be a period contemplated by the definition of
the term “Interest Period”; and

     (v) the location and number of the Borrower’s account to which funds are to be
disbursed, which shall comply with the requirements of Section 2.07.

If no denomination is specified with respect to any requested Eurocurrency Borrowing, then the
requested Revolving Borrowing shall be denominated in U.S. Dollars. If no election as to the Type
of Revolving Borrowing is specified, then, in the case of a Borrowing denominated in U.S. Dollars,
the requested Revolving Borrowing shall be an ABR Borrowing, and in the case of a Borrowing
denominated in a Foreign Currency, the requested Revolving Borrowing shall be a Eurocurrency
Borrowing. If no Interest Period is specified with respect to any requested Eurocurrency Revolving
Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one (1) month’s
duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the
Administrative Agent shall advise each Lender of the details thereof and of the amount of such
Lender’s Loan to be made as part of the requested Borrowing.

     SECTION 2.04 Determination of Dollar Amounts. The Administrative Agent will determine
the Dollar Amount of:

     (a) each Eurocurrency Borrowing as of the date two (2) Business Days prior to the date of such
Borrowing or, if applicable, the date of conversion or continuation of any Borrowing as a
Eurocurrency Borrowing;

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     (b) the LC Exposure as of the date of each request for the issuance, amendment, renewal or
extension of any Letter of Credit; and

     (c) all outstanding Revolving Loans and the LC Exposure on and as of the last Business Day of
each calendar quarter and, during the continuation of an Event of Default, on any other Business
Day elected by the Administrative Agent in its discretion or upon instruction by the Required
Lenders.

Each day upon or as of which the Administrative Agent determines Dollar Amounts as described in the
preceding clauses (a), (b) and (c) is herein described as a “Computation Date” with respect to each
Borrowing, Letter of Credit or LC Exposure for which a Dollar Amount is determined on or as of such
day.

     SECTION 2.05 Swingline Loans.

     (a) Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make
Swingline Loans in U.S. Dollars to the Borrower from time to time during the Availability Period,
in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate
principal amount of outstanding Swingline Loans exceeding $20,000,000 or (ii) the Dollar Amount of
the total Revolving Credit Exposures exceeding the total Commitments; provided that the
Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding
Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth
herein, the Borrower may borrow, prepay and reborrow Swingline Loans.

     (b) To request a Swingline Loan, the Borrower shall notify the Administrative Agent of such
request by telephone (confirmed by telecopy), not later than 2:00 p.m., New York City time, on the
day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the
requested date (which shall be a Business Day) and amount of the requested Swingline Loan. The
Administrative Agent will promptly advise the Swingline Lender of any such notice received from the
Borrower. The Swingline Lender shall make each Swingline Loan available to the Borrower by means
of a credit to the general deposit account of the Borrower with the Swingline Lender (or, in the
case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in
Section 2.06(e), by remittance to the Issuing Bank) by 3:00 p.m., New York City time, on
the requested date of such Swingline Loan.

     (c) The Swingline Lender may by written notice given to the Administrative Agent not later
than 10:00 a.m., New York City time, on any Business Day require the Lenders to
acquire participations on such Business Day in all or a portion of the Swingline Loans
outstanding. Such notice shall specify the aggregate amount of Swingline Loans in which Lenders
will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice
thereof to each Lender, specifying in such notice such Lender’s Applicable Percentage of such
Swingline Loan or Loans. Each Lender hereby absolutely and unconditionally agrees, upon receipt of
notice as provided above, to pay to the Administrative Agent, for the account of the Swingline
Lender, such Lender’s Applicable Percentage of such Swingline Loan or Loans. Each Lender
acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant
to this paragraph is absolute and unconditional and

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shall not be affected by any circumstance
whatsoever, including the occurrence and continuance of a Default or reduction or termination of
the Commitments, and that each such payment shall be made without any offset, abatement,
withholding or reduction whatsoever. Each Lender shall comply with its obligation under this
paragraph by wire transfer of immediately available funds, in the same manner as provided in
Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall
apply, mutatis mutandis, to the payment obligations of the Lenders), and the
Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from
the Lenders. The Administrative Agent shall notify the Borrower of any participations in any
Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such
Swingline Loan shall be made to the Administrative Agent and not to the Swingline Lender. Any
amounts received by the Swingline Lender from the Borrower (or other party on behalf of the
Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a
sale of participations therein shall be promptly remitted to the Administrative Agent; any such
amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent
to the Lenders that shall have made their payments pursuant to this paragraph and to the Swingline
Lender, as their interests may appear; provided that any such payment so remitted shall be repaid
to the Swingline Lender or to the Administrative Agent, as applicable, if and to the extent such
payment is required to be refunded to the Borrower for any reason. The purchase of participations
in a Swingline Loan pursuant to this paragraph shall not relieve the Borrower of any default in the
payment thereof.

     SECTION 2.06 Letters of Credit.

     (a) General. Subject to the terms and conditions set forth herein, the Borrower may
request the issuance of Letters of Credit denominated in Agreed Currencies as the applicant thereof
for the support of its or its Subsidiaries’ obligations, in a form reasonably acceptable to the
Administrative Agent and the Issuing Bank, at any time and from time to time during the
Availability Period, and the Issuing Bank will issue such Letters of Credit on the terms and
conditions set forth herein. In the event of any inconsistency between the terms and conditions of
this Agreement and the terms and conditions of any form of letter of credit application or other
agreement submitted by the Borrower to, or entered into by the Borrower with, the Issuing Bank
relating to any Letter of Credit, the terms and conditions of this Agreement shall control.

     (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request
the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter
of Credit), the Borrower shall hand deliver or telecopy (or transmit by
electronic communication, if arrangements for doing so have been approved by the Issuing Bank)
to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of
issuance, amendment, renewal or extension, but in any event no less than three (3) Business Days
(or such shorter period as may be agreed by the Issuing Bank)) a notice requesting the issuance of
a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and
specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day),
the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this
Section), the amount of such Letter of Credit, the Agreed Currency applicable thereto, the name and
address of the beneficiary thereof and such other information as shall be necessary to prepare,
amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also
shall submit a letter of credit application on the

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Issuing Bank’s standard form in connection with
any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or
extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the
Borrower shall be deemed to represent and warrant that), after giving effect to such issuance,
amendment, renewal or extension, subject to Sections 2.04 and 2.11(c), (i) the
Dollar Amount of the LC Exposure shall not exceed $25,000,000, (ii) the Dollar Amount of the total
Revolving Credit Exposures shall not exceed the total Commitments and (iii) the Dollar Amount of
the total outstanding Revolving Loans and LC Exposure, in each case denominated in Foreign
Currencies, shall not exceed the Foreign Currency Sublimit.

     (c) Expiration Date. Each Letter of Credit shall expire (or be subject to termination
by notice from the Issuing Bank to the beneficiary thereof) at or prior to the close of business on
the earlier of (i) the date one (1) year after the date of the issuance of such Letter of Credit
(or, in the case of any renewal or extension thereof, one (1) year after such renewal or extension)
and (ii) the date that is five (5) Business Days prior to the Maturity Date; provided that
any Letter of Credit may contain customary automatic renewal provisions agreed upon by the Borrower
and the Issuing Bank pursuant to which the expiration date of such Letter of Credit shall be
automatically extended for a period of up to 12 months (but not to a date later than the date set
forth in clause (ii) above) (each such Letter of Credit, an “Evergreen LOC”); and provided
further that the Borrower may request the issuance of a Letter of Credit with an expiration
date later than the date set forth in clause (i) or (ii) above, and the Issuing Bank may allow the
automatic renewal of any Evergreen LOC with an expiration date (after giving effect to such
renewal) later than the date set forth in clause (i) or (ii) above, if the Borrower provides to the
Issuing Bank cash collateral in accordance with the procedures set forth in Section 2.06(j)
in an amount in cash equal to one hundred five percent (105%) of the LC Exposure as of such date in
respect of such Letter of Credit or Evergreen LOC, as the case may be, plus any accrued and unpaid
interest thereon.

     (d) Participations. By the issuance of a Letter of Credit (or an amendment to a
Letter of Credit increasing the amount thereof) and without any further action on the part of the
Issuing Bank or the Lenders, the Issuing Bank hereby grants to each Lender, and each Lender hereby
acquires from the Issuing Bank, a participation in such Letter of Credit equal to such Lender’s
Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit.
In consideration and in furtherance of the foregoing, each Lender hereby absolutely and
unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Bank,
such Lender’s Applicable Percentage of each LC Disbursement made by the Issuing Bank and
not reimbursed by the Borrower on the date due as provided in paragraph (e) of this Section,
or of any reimbursement payment required to be refunded to the Borrower for any reason. Each
Lender acknowledges and agrees that its obligation to acquire participations pursuant to this
paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected
by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of
Credit or the occurrence and continuance of a Default or reduction or termination of the
Commitments, and that each such payment shall be made without any offset, abatement, withholding or
reduction whatsoever.

     (e) Reimbursement. If the Issuing Bank shall make any LC Disbursement in respect of a
Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the

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Administrative
Agent an amount equal to such LC Disbursement not later than 1:00 p.m., Local Time, on the date
that such LC Disbursement is made, if the Borrower shall have received notice of such LC
Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been
received by the Borrower prior to such time on such date, then not later than 1:00 p.m., Local
Time, on the Business Day immediately following the day that the Borrower receives such notice;
provided that, if such LC Disbursement is not less than the Equivalent Amount of $100,000,
the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance
with Section 2.03 or 2.05 that such payment be financed with an ABR Revolving
Borrowing or Swingline Loan in the Dollar Amount of such LC Disbursement and, to the extent so
financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the
resulting ABR Revolving Borrowing or Swingline Loan. If the Borrower fails to make such payment
when due, the Administrative Agent shall notify each Lender of the applicable LC Disbursement, the
payment then due from the Borrower in respect thereof and such Lender’s Applicable Percentage
thereof. Promptly following receipt of such notice, each Lender shall pay to the Administrative
Agent its Applicable Percentage of the payment then due from the Borrower, in the same manner as
provided in Section 2.07 with respect to Loans made by such Lender (and Section
2.07 shall apply, mutatis mutandis, to the payment obligations of the Lenders),
and the Administrative Agent shall promptly pay to the Issuing Bank the amounts so received by it
from the Lenders. Promptly following receipt by the Administrative Agent of any payment from the
Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the
Issuing Bank or, to the extent that Lenders have made payments pursuant to this paragraph to
reimburse the Issuing Bank, then to such Lenders and the Issuing Bank as their interests may
appear. Any payment made by a Lender pursuant to this paragraph to reimburse the Issuing Bank for
any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as
contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its
obligation to reimburse such LC Disbursement. If the Borrower’s reimbursement of, or obligation to
reimburse, any amounts in any Foreign Currency would subject the Administrative Agent, the Issuing
Bank or any Lender to any stamp duty, ad valorem charge or similar tax that would not be payable if
such reimbursement were made or required to be made in U.S. Dollars, the Borrower shall, at its
option, either (x) pay the amount of any such tax requested by the Administrative Agent, such
Issuing Bank or the relevant Lender or (y) reimburse each LC Disbursement made in such Foreign
Currency in U.S. Dollars, in an amount equal to the Dollar Amount, calculated using the applicable
exchange rates, on the date such LC Disbursement is made, of such LC Disbursement.

     (f) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as
provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and
shall be performed strictly in accordance with the terms of this Agreement under any and all
circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any
Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other
document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any
respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the
Issuing Bank under a Letter of Credit against presentation of a draft or other document that does
not comply with the terms of such Letter of Credit, or (iv) any other event or circumstance
whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of
this Section, constitute a legal or equitable discharge of, or provide a right of setoff against,
the Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor the

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Issuing Bank, nor any of their Related Parties, shall have any liability or responsibility by
reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or
failure to make any payment thereunder (irrespective of any of the circumstances referred to in the
preceding sentence), or any error, omission, interruption, loss or delay in transmission or
delivery of any draft, notice or other communication under or relating to any Letter of Credit
(including any document required to make a drawing thereunder), any error in interpretation of
technical terms or any consequence arising from causes beyond the control of the Issuing Bank;
provided that the foregoing shall not be construed to excuse the Issuing Bank from
liability to the Borrower to the extent of any direct damages (as opposed to special, indirect,
consequential or punitive damages, claims in respect of which are hereby waived by the Borrower to
the extent permitted by applicable law) suffered by the Borrower that are caused by the Issuing
Bank’s failure to exercise care when determining whether drafts and other documents presented under
a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the
absence of gross negligence or willful misconduct on the part of the Issuing Bank (as finally
determined by a court of competent jurisdiction), the Issuing Bank shall be deemed to have
exercised care in each such determination. In furtherance of the foregoing and without limiting
the generality thereof, the parties agree that, with respect to documents presented which appear on
their face to be in substantial compliance with the terms of a Letter of Credit, the Issuing Bank
may, in its sole discretion, either accept and make payment upon such documents without
responsibility for further investigation, regardless of any notice or information to the contrary,
or refuse to accept and make payment upon such documents if such documents are not in strict
compliance with the terms of such Letter of Credit.

     (g) Disbursement Procedures. The Issuing Bank shall, promptly following its receipt
thereof, examine all documents purporting to represent a demand for payment under a Letter of
Credit. The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by
telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Bank has made
or will make an LC Disbursement thereunder; provided that any failure to give or delay in
giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Bank
and the Lenders with respect to any such LC Disbursement.

     (h) Interim Interest. If the Issuing Bank shall make any LC Disbursement, then,
unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement
is made, the unpaid amount thereof shall bear interest, for each day from and including the date
such LC Disbursement is made to but excluding the date that the Borrower
reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans
(or, if such LC Disbursement is denominated in a Foreign Currency, at the Overnight Foreign
Currency Rate for such Foreign Currency plus the then effective Applicable Rate with respect to
Eurocurrency Revolving Loans); provided that, if the Borrower fails to reimburse such LC
Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(c) shall
apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Bank,
except that interest accrued on and after the date of payment by any Lender pursuant to paragraph
(e) of this Section to reimburse the Issuing Bank shall be for the account of such Lender to the
extent of such payment.

     (i) Replacement of the Issuing Bank. The Issuing Bank may be replaced at any time by
written agreement among the Borrower, the Administrative Agent, the replaced Issuing Bank

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and the
successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement
of the Issuing Bank. At the time any such replacement shall become effective, the Borrower shall
pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section
2.12(b). From and after the effective date of any such replacement, (i) the successor Issuing
Bank shall have all the rights and obligations of the Issuing Bank under this Agreement with
respect to Letters of Credit to be issued thereafter and (ii) references herein to the term
“Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to
such successor and all previous Issuing Banks, as the context shall require. After the replacement
of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall
continue to have all the rights and obligations of an Issuing Bank under this Agreement with
respect to Letters of Credit issued by it prior to such replacement, but shall not be required to
issue additional Letters of Credit.

     (j) Cash Collateralization. If any Event of Default shall occur and be continuing, on
the Business Day that the Borrower receives notice from the Administrative Agent or the Required
Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure
representing greater than fifty percent (50%) of the total LC Exposure) demanding the deposit of
cash collateral pursuant to this paragraph, the Borrower shall deposit in an account with the
Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders,
an amount in cash equal to one hundred five percent (105%) of the LC Exposure as of such date plus
any accrued and unpaid interest thereon; provided that the obligation to deposit such cash
collateral shall become effective immediately, and such deposit shall become immediately due and
payable, without demand or other notice of any kind, upon the occurrence of any Event of Default
with respect to the Borrower described in clause (h) or (i) of Article VII. Such deposit
shall be held by the Administrative Agent as collateral for the payment and performance of the
Obligations. The Administrative Agent shall have exclusive dominion and control, including the
exclusive right of withdrawal, over such account and the Borrower hereby grants to the
Administrative Agent, for the benefit of the Lenders, a security interest in such account. Other
than any interest earned on the investment of such deposits, which investments shall be made at the
option and sole discretion of the Administrative Agent and at the Borrower’s risk and expense, such
deposits shall not bear interest. Interest or profits, if any, on such investments shall
accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to
reimburse the Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the
extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the
Borrower for the LC Exposure at such time or, if the maturity
of the Loans has been accelerated (but subject to the consent of Lenders with LC Exposure
representing greater than fifty percent (50%) of the total LC Exposure), be applied to satisfy
other Obligations. If the Borrower is required to provide an amount of cash collateral hereunder
as a result of the occurrence of an Event of Default, such amount (to the extent not applied as
aforesaid) shall be returned to the Borrower within three (3) Business Days after all Events of
Default have been cured or waived.

     SECTION 2.07 Funding of Borrowings.

     (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof
by wire transfer of immediately available funds (i) in the case of Loans denominated in U.S.
Dollars, by 1:00 p.m., New York City time, to the account of the Administrative Agent

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most recently
designated by it for such purpose by notice to the Lenders, and (ii) in the case of Loans
denominated in a Foreign Currency, by 1:00 p.m., Local Time, in the city of the Administrative
Agent’s Eurocurrency Payment Office for such Foreign Currency and at such Eurocurrency Payment
Office; provided that Swingline Loans shall be made as provided in Section 2.05.
The Administrative Agent will make such Loans available to the Borrower by promptly crediting the
amounts so received, in like funds, to (x) in the case of Loans denominated in U.S. Dollars, an
account of the Borrower maintained with the Administrative Agent in New York City and designated by
the Borrower in the applicable Borrowing Request, and (y) in the case of Loans denominated in a
Foreign Currency, an account of the Borrower in the relevant jurisdiction and designated by the
Borrower in the applicable Borrowing Request; provided that ABR Revolving Loans made to
finance the reimbursement of an LC Disbursement as provided in Section 2.06(e) shall be
remitted by the Administrative Agent to the Issuing Bank.

     (b) Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to the Administrative Agent
such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has
made such share available on such date in accordance with paragraph (a) of this Section and may, in
reliance upon such assumption, make available to the Borrower a corresponding amount. In such
event, if a Lender has not in fact made its share of the applicable Borrowing available to the
Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the
Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each
day from and including the date such amount is made available to the Borrower to but excluding the
date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the
Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation (including the Overnight Foreign Currency Rate in
the case of Loans denominated in a Foreign Currency) or (ii) in the case of the Borrower, the
interest rate applicable to ABR Loans. If such Lender pays such amount to the Administrative
Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing.

     SECTION 2.08 Interest Elections.

     (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable
Borrowing Request and, in the case of a Eurocurrency Revolving Borrowing, shall have an initial
Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to
convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a
Eurocurrency Revolving Borrowing, may elect Interest Periods therefor, all as provided in this
Section. The Borrower may elect different options with respect to different portions of the
affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders
holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be
considered a separate Borrowing. This Section shall not apply to Swingline Borrowings, which may
not be converted or continued.

     (b) To make an election pursuant to this Section, the Borrower shall notify the Administrative
Agent of such election by telecopy of a written Interest Election Request in a form approved by the
Administrative Agent and signed by the Borrower (or, in the case of a Revolving Borrowing
denominated in U.S. Dollars, by telephone confirmed promptly by hand

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delivery or telecopy to the
Administrative Agent of a written Interest Election Request in a form approved by the
Administrative Agent and signed by the Borrower) by the time that a Borrowing Request would be
required under Section 2.03 if the Borrower were requesting a Revolving Borrowing of the
Type resulting from such election to be made on the effective date of such election.
Notwithstanding any other provision of this Section, the Borrower shall not be permitted to (i)
change the currency of any Borrowing, (ii) elect an Interest Period for Eurocurrency Loans that
does not comply with Section 2.02(d) or (iii) convert any Borrowing to a Borrowing of a
Type not available to the Borrower pursuant to which such Borrowing was made.

     (c) Each telephonic and written Interest Election Request shall be irrevocable and shall
specify the following information in compliance with Section 2.02:

     (i) the Borrowing to which such Interest Election Request applies and, if different
options are being elected with respect to different portions thereof, the portions thereof
to be allocated to each resulting Borrowing (in which case the information to be specified
pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing);

     (ii) the effective date of the election made pursuant to such Interest Election
Request, which shall be a Business Day;

     (iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency
Borrowing; and

     (iv) if the resulting Borrowing is a Eurocurrency Borrowing, the Interest Period and
Agreed Currency to be applicable thereto after giving effect to such election, which
Interest Period shall be a period contemplated by the definition of the term “Interest
Period”.

If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an
Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one (1)
month’s duration.

     (d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall
advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.

     (e) If the Borrower fails to deliver a timely Interest Election Request with respect to a
Eurocurrency Revolving Borrowing prior to the end of the Interest Period applicable thereto, then,
unless such Borrowing is repaid as provided herein, at the end of such Interest Period (i) in the
case of a Borrowing denominated in U.S. Dollars, such Borrowing shall be converted to an ABR
Borrowing, and (ii) in the case of a Borrowing denominated in a Foreign Currency, such Borrowing
shall automatically continue as a Eurocurrency Borrowing in the same Agreed Currency with an
Interest Period of one (1) month. Notwithstanding any contrary provision hereof, if an Event of
Default has occurred and is continuing and the Administrative Agent, at the request of the Required
Lenders, so notifies the Borrower, then, so long as an Event of Default is continuing (x) no
outstanding Revolving Borrowing may be converted to or continued

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as a Eurocurrency Borrowing and
(y) unless repaid, each Eurocurrency Revolving Borrowing shall be converted to an ABR Borrowing
(and any such Eurocurrency Revolving Borrowing denominated in a Foreign Currency shall be
redenominated in Dollars at the time of such conversion) at the end of the Interest Period
applicable thereto.

     SECTION 2.09 Termination and Reduction of Commitments.

     (a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.

     (b) The Borrower may at any time terminate, or from time to time reduce, the Commitments;
provided that (i) each reduction of the Commitments shall be in an amount that is an
integral multiple of $1,000,000 and not less than $1,000,000 and (ii) the Borrower shall not
terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the
Loans in accordance with Section 2.11, the Dollar Amount of the total Revolving Credit
Exposures would exceed the total Commitments.

     (c) The Borrower shall notify the Administrative Agent of any election to terminate or reduce
the Commitments under paragraph (b) of this Section at least three (3) Business Days prior to the
effective date of such termination or reduction, specifying such election and the effective date
thereof. Promptly following receipt of any such notice, the Administrative Agent shall advise the
Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section
shall be irrevocable; provided that a notice of termination of the Commitments delivered by
the Borrower may state that such notice is conditioned upon the effectiveness of other credit
facilities, in which case such notice may be revoked by the Borrower (by notice to the
Administrative Agent on or prior to the specified effective date) if such condition is not
satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction
of the Commitments shall be made ratably among the Lenders in accordance with their respective
Commitments.

     SECTION 2.10 Repayment of Loans; Evidence of Debt.

     (a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for
the account of each Lender the then unpaid principal amount of each Revolving Loan on the Maturity
Date in the currency of such Loan and (ii) to the Swingline Lender the then unpaid principal amount
of each Swingline Loan on the earlier of the Maturity Date and the first date after such Swingline
Loan is made that is the 15th or last day of a calendar month and is at least two (2) Business Days
after such Swingline Loan is made; provided that on each date that a Revolving Borrowing is
made, the Borrower shall repay all Swingline Loans then outstanding.

     (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such
Lender, including the amounts of principal and interest payable and paid to such Lender from time
to time hereunder.

     (c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount
of each Loan made hereunder, the Class, Agreed Currency and Type thereof and the Interest Period
applicable thereto, (ii) the amount of any principal or interest due and payable or

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to become due
and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by
the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof.

     (d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this
Section shall be prima facie evidence of the existence and amounts of the
Obligations recorded therein; provided that the failure of any Lender or the Administrative
Agent to maintain such accounts or any error therein shall not in any manner affect the obligation
of the Borrower to repay the Loans in accordance with the terms of this Agreement.

     (e) Any Lender may request that Loans made by it be evidenced by a promissory note. In such
event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to
the order of such Lender (or, if requested by such Lender, to such Lender and its registered
assigns) and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by
such promissory note and interest thereon shall at all times (including after assignment pursuant
to Section 9.04) be represented by one or more promissory notes in such form payable to the
order of the payee named therein (or, if such promissory note is a registered note, to such payee
and its registered assigns).

     SECTION 2.11 Prepayment of Loans.

     (a) The Borrower shall have the right at any time and from time to time to prepay any
Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this
Section; provided that each prepayment shall be in an aggregate amount that is (i) an
integral multiple of (A) in the case of a Borrowing denominated in U.S. Dollars, $100,000, (B) in
the case of a Borrowing denominated in Japanese Yen, ¥10,000,000, and (C) in the case of
a Borrowing denominated in any other Foreign Currency, the smallest amount of such Foreign Currency
that is an integral multiple of 100,000 units of such currency and that has an Equivalent Amount in
excess of $100,000, and (ii) not less than (A) in the case of a Borrowing denominated in U.S.
Dollars, $500,000, (B) in the case of a Borrowing denominated in Japanese Yen, ¥50,000,000,
and (C) in the case of a Borrowing denominated in any other Foreign Currency, the smallest
amount of such Foreign Currency that is an integral multiple of 500,000 units of such currency and
that has an Equivalent Amount in excess of $500,000.

     (b) The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a
Swingline Loan, the Swingline Lender) by a telecopy of a written notice signed by the Borrower (or,
in the case of a prepayment of a Borrowing denominated in U.S. Dollars, by telephone confirmed
promptly by hand delivery or telecopy to the Administrative Agent of a written notice signed by the
Borrower) of any prepayment hereunder (i) in the case of prepayment of a Eurocurrency Revolving
Borrowing denominated in U.S. Dollars, not later than 11:00 a.m., New York City time, three (3)
Business Days before the date of prepayment, (ii) in the case of prepayment of a Eurocurrency
Revolving Borrowing denominated in a Foreign Currency, not later than 11:00 a.m., Local Time, four
(4) Business Days before the date of prepayment, (iii) in the case of prepayment of an ABR
Revolving Borrowing, not later than 11:00 a.m., New York City time, on the date of prepayment or
(iv) in the case of prepayment of a Swingline Loan, not later than 1:00 p.m., New York City time,
on the date of prepayment. Each such telephonic and written notice shall be irrevocable and shall
specify the prepayment date and

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the principal amount of each Borrowing or portion thereof to be
prepaid; provided that, if a notice of prepayment is given in connection with a conditional
notice of termination of the Commitments as contemplated by Section 2.09, then such notice
of prepayment may be revoked if such notice of termination is revoked in accordance with
Section 2.09. Promptly following receipt of any such notice relating to a Revolving
Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial
prepayment of any Revolving Borrowing shall be in an amount that would be permitted in the case of
an advance of a Revolving Borrowing of the same Type as provided in Section 2.02. Each
prepayment of a Revolving Borrowing shall be applied ratably to the Loans included in the prepaid
Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by
Section 2.13 and break funding payments to the extent required by Section 2.16.

     (c) If at any time, (i) other than as a result of fluctuations in currency exchange rates, the
sum of the aggregate principal Dollar Amount of the total Revolving Credit Exposures (calculated,
with respect to Revolving Loans and LC Exposure denominated in Foreign Currencies, as of the most
recent Computation Date with respect to each such Revolving Loans and LC Exposure) exceeds the
total Commitments or (ii) solely as a result of fluctuations in currency exchange rates, (A) the
aggregate principal Dollar Amount of the total Revolving Credit Exposures (so calculated), as of
the most recent Computation Date, exceeds one hundred five percent (105%) of the total Commitments
or (B) the aggregate principal Dollar Amount of the total Revolving Credit Exposures denominated in
Foreign Currencies (the “Foreign Currency Exposure”) (so calculated), as of the most recent
Computation Date, exceeds one hundred five percent (105%) of the Foreign Currency Sublimit, the
Borrower shall, in each case,
immediately (or, in the case of an overdraw resulting solely from fluctuations in currency
exchange rates as described in the foregoing clause (ii), within two (2) Business Days after
receiving notice thereof from the Administrative Agent) repay Borrowings or cash collateralize LC
Exposure in accordance with the procedures set forth in Section 2.06(j), as applicable, in
an aggregate principal amount sufficient to cause (x) the Dollar Amount of the total Revolving
Credit Exposures (so calculated) to be less than or equal to the total Commitments and (y) the
Foreign Currency Exposure to be less than or equal to the Foreign Currency Sublimit, as applicable.

     SECTION 2.12 Fees.

     (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a
commitment fee, which shall accrue at the Applicable Rate (subject to adjustment as set forth in
Section 2.13(f)) on the average daily unused amount of the Commitment of such Lender during
the period from and including the Effective Date to but excluding the date on which such Commitment
terminates; provided that, if such Lender continues to have any Swingline Exposure after
its Commitment terminates, then such commitment fee shall continue to accrue on the daily amount of
such Lender’s Swingline Exposure from and including the date on which its Commitment terminates to
but excluding the date on which such Lender ceases to have any Swingline Exposure. Accrued
commitment fees shall be payable in arrears on the last day of March, June, September and December
of each year and on the date on which the Commitments terminate, commencing on the first such date
to occur after the date hereof; provided that any commitment fees accruing after the date
on which the Commitments terminate shall be payable on demand. All commitment fees shall be
computed on the basis of a year of three hundred sixty

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(360) days and shall be payable for the
actual number of days elapsed (including the first day but excluding the last day). For purposes
of this Section 2.12(a), the unused amount of the Commitment of any Lender shall be deemed
to be the excess of (i) the Commitment of such Lender over (ii) the Revolving Credit Exposure of
such Lender (exclusive of Swingline Exposure).

     (b) The Borrower agrees to pay (i) to the Administrative Agent for the account of each Lender
a participation fee with respect to its participations in Letters of Credit, which shall accrue at
the same Applicable Rate used to determine the interest rate applicable to Eurocurrency Revolving
Loans on the average daily Dollar Amount of such Lender’s LC Exposure (excluding any portion
thereof attributable to unreimbursed LC Disbursements) during the period from and including the
Effective Date to but excluding the later of the date on which such Lender’s Commitment terminates
and the date on which such Lender ceases to have any LC Exposure, and (ii) to the Issuing Bank a
fronting fee, which shall accrue at the rate or rates per annum separately agreed upon between the
Borrower and the Issuing Bank on the average daily Dollar Amount of the LC Exposure (excluding any
portion thereof attributable to unreimbursed LC Disbursements) during the period from and including
the Effective Date to but excluding the later of the date of termination of the Commitments and the
date on which there ceases to be any LC Exposure, as well as the Issuing Bank’s standard fees with
respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of
drawings thereunder. Participation fees and fronting fees accrued through and including the last
day of March, June,
September and December of each year shall be payable on the third Business Day following such
last day, commencing on the first such date to occur after the Effective Date; provided
that all such fees shall be payable on the date on which the Commitments terminate and any such
fees accruing after the date on which the Commitments terminate shall be payable on demand. Any
other fees payable to the Issuing Bank pursuant to this paragraph shall be payable within ten (10)
days after demand. All participation fees and fronting fees shall be computed on the basis of a
year of three hundred sixty (360) days and shall be payable for the actual number of days elapsed
(including the first day but excluding the last day).

     (c) The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable
in the amounts and at the times separately agreed upon between the Borrower and the Administrative
Agent.

     (d) All fees payable hereunder shall be paid on the dates due, in U.S. Dollars and immediately
available funds, to the Administrative Agent (or to the Issuing Bank, in the case of fees payable
to it) for distribution, in the case of commitment fees and participation fees, to the Lenders.
Fees paid shall not be refundable under any circumstances.

     SECTION 2.13 Interest.

     (a) The Loans comprising each ABR Borrowing (including each Swingline Loan) shall bear
interest at the Alternate Base Rate plus the Applicable Rate.

     (b) The Loans comprising each Eurocurrency Borrowing shall bear interest at the Adjusted LIBO
Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.

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     (c) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or
other amount payable by the Borrower hereunder is not paid when due, whether at stated maturity,
upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before
judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, two
percent (2%) plus the rate otherwise applicable to such Loan as provided in the preceding
paragraphs of this Section or (ii) in the case of any other amount, two percent (2%) plus the rate
applicable to ABR Loans as provided in paragraph (a) of this Section.

     (d) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date
for such Loan and, in the case of Revolving Loans, upon termination of the Commitments;
provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be
payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a
prepayment of an ABR Revolving Loan prior to the end of the Availability Period), accrued interest
on the principal amount repaid or prepaid shall be payable on the date of such repayment or
prepayment and (iii) in the event of any conversion of any Eurocurrency Revolving Loan prior to the
end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the
effective date of such conversion. All interest shall be payable in the currency in which the
applicable Loan is denominated.

     (e) All interest hereunder shall be computed on the basis of a year of three hundred sixty
(360) days, except that (i) interest computed by reference to the Alternate Base Rate at times when
the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of
three hundred sixty-five (365) days (or three hundred sixty-six (366) days in a leap year) and (ii)
for Borrowings denominated in Pounds Sterling shall be computed on the basis of a year of three
hundred sixty-five (365) days, and in each case shall be payable for the actual number of days
elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate,
Adjusted LIBO Rate or LIBO Rate shall be determined by the Administrative Agent, and such
determination shall be conclusive absent manifest error.

     (f) If, as a result of any restatement of or other adjustment to the financial statements of
the Borrower or for any other reason, the Borrower or the Administrative Agent determines that (x)
the Consolidated Leverage Ratio as calculated by the Borrower as of any applicable date was
inaccurate and (y) a proper calculation of the Consolidated Leverage Ratio would have resulted in
higher pricing for such period, the Borrower shall immediately and retroactively be obligated to
pay to the Administrative Agent for the account of the Lenders, promptly on demand by the
Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief
with respect to any Borrower under the Bankruptcy Code of the United States, automatically and
without further action by the Administrative Agent or any Lender), an amount equal to the excess of
the amount of interest and fees that should have been paid for such period over the amount of
interest and fees actually paid for such period; provided that, if any such restatement or
adjustment would have resulted in a lower pricing for any other period (each, a “Lower Priced
Period”), there shall be deducted from such additional interest and fees an amount equal to (but in
no event greater than the amount of such additional interest and fees) the excess of interest and
fees actually paid for such Lower Priced Period over the amount of interest and fees that should
have been paid during such Lower Priced Period. The Borrower’s obligations under this paragraph
shall survive the termination of the Commitments and the repayment of all other Obligations
hereunder for the limited period ending on the date that is the

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later to occur of (x) one (1) year
following the date upon which such termination and repayment occurred and (y) two (2) months
following the date upon which the Borrower’s annual audited financial statements, which include the
period during which such termination and repayment occurred, become publicly available.

     SECTION 2.14 Alternate Rate of Interest. If prior to the commencement of any Interest
Period for a Eurocurrency Borrowing:

     (a) the Administrative Agent determines (which determination shall be conclusive absent
manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO
Rate or the LIBO Rate, as applicable, for such Interest Period; or

     (b) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or
the LIBO Rate, as applicable, for such Interest Period will not adequately and fairly reflect the
cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in
such Borrowing for such Interest Period;

then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by
telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent
notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer
exist, (i) any Interest Election Request that requests the conversion of any Revolving Borrowing
to, or continuation of any Revolving Borrowing as, a Eurocurrency Borrowing shall be ineffective,
(ii) if any Borrowing Request requests a Eurocurrency Revolving Borrowing denominated in U.S.
Dollars, such Borrowing shall be made as an ABR Borrowing, and (iii) if any Borrowing Request
requests a Eurocurrency Revolving Borrowing denominated in a Foreign Currency, such Borrowing
Request shall be ineffective; provided that if the circumstances giving rise to such notice
affect only one Type of Borrowings, then the other Type of Borrowings shall be permitted.

     SECTION 2.15 Increased Costs.

     (a) If any Change in Law shall:

     (i) impose, modify or deem applicable any reserve, special deposit or similar
requirement (including any compulsory loan requirement, insurance charge or other
assessment) against assets of, deposits with or for the account of, or credit extended by,
any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate) or the
Issuing Bank; or

     (ii) impose on any Lender or the Issuing Bank or the London interbank market any other
condition, cost or expense affecting this Agreement or Eurocurrency Loans made by such
Lender or any Letter of Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Eurocurrency Loan or of maintaining its obligation to make any such Loan (including
pursuant to any conversion of any Borrowing denominated in an Agreed Currency to a Borrowing
denominated in any other Agreed Currency) or to increase the cost to such Lender or the Issuing
Bank of participating in, issuing or maintaining any Letter of Credit (including

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pursuant to any
conversion of any Borrowing denominated in an Agreed Currency to a Borrowing denominated in any
other Agreed Currency) or to reduce the amount of any sum received or receivable by such Lender or
the Issuing Bank hereunder, whether of principal, interest or otherwise (including pursuant to any
conversion of any Borrowing denominated in an Agreed Currency to a Borrowing denominated in any
other Agreed Currency), then the Borrower will pay to such Lender or the Issuing Bank, as the case
may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank, as
the case may be, for such additional costs incurred or reduction suffered.

     (b) If any Lender or the Issuing Bank determines that any Change in Law regarding capital
requirements has or would have the effect of reducing the rate of return on such Lender’s or the
Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding company, if
any, as a consequence of this Agreement or the Loans made by, or participations in
Letters of Credit held by, such Lender, or the Letters of Credit issued by the Issuing Bank,
to a level below that which such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s
holding company could have achieved but for such Change in Law (taking into consideration such
Lender’s or the Issuing Bank’s policies and the policies of such Lender’s or the Issuing Bank’s
holding company with respect to capital adequacy), then from time to time the Borrower will pay to
such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will
compensate such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company
for any such reduction suffered.

     (c) A certificate of a Lender or the Issuing Bank setting forth the amount or amounts
necessary to compensate such Lender or the Issuing Bank or its holding company, as the case may be,
as specified in paragraph (a) or (b) of this Section shall be delivered to the Borrower and shall
be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Bank, as
the case may be, the amount shown as due on any such certificate within ten (10) days after receipt
thereof.

     (d) Failure or delay on the part of any Lender or the Issuing Bank to demand compensation
pursuant to this Section shall not constitute a waiver of such Lender’s or the Issuing Bank’s right
to demand such compensation; provided that the Borrower shall not be required to compensate
a Lender or the Issuing Bank pursuant to this Section for any increased costs or reductions
incurred more than one hundred eighty (180) days prior to the date that such Lender or the Issuing
Bank, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased
costs or reductions and of such Lender’s or the Issuing Bank’s intention to claim compensation
therefor; provided further that, if the Change in Law giving rise to such increased
costs or reductions is retroactive, then the one hundred eighty (180) day period referred to above
shall be extended to include the period of retroactive effect thereof.

     SECTION 2.16 Break Funding Payments. In the event of (a) the payment of any principal
of any Eurocurrency Loan other than on the last day of an Interest Period applicable thereto
(including as a result of an Event of Default or as a result of any prepayment pursuant to
Section 2.11), (b) the conversion of any Eurocurrency Loan other than on the last day of
the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any
Eurocurrency Loan on the date specified in any notice delivered pursuant hereto (regardless of
whether such notice may be revoked under Section 2.11(b) and is revoked in accordance

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therewith), or (d) the assignment of any Eurocurrency Loan other than on the last day of the
Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section
2.19, then, in any such event, the Borrower shall compensate each Lender for the loss, cost and
expense attributable to such event. Such loss, cost or expense to any Lender shall be deemed to
include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest
which would have accrued on the principal amount of such Loan had such event not occurred, at the
Adjusted LIBO Rate that would have been applicable to such Loan (excluding, for the avoidance of
doubt, the Applicable Rate), for the period from the date of such event to the last day of the then
current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for
the period that would have been the Interest Period for such Loan), over (ii) the amount of
interest which would accrue on such principal amount for such period at the interest rate which
such Lender would bid were it to
bid, at the commencement of such period, for deposits in the applicable currency of a
comparable amount and period from other banks in the Eurocurrency market. A certificate of any
Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this
Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The
Borrower shall pay such Lender the amount shown as due on any such certificate within ten (10) days
after receipt thereof.

     SECTION 2.17 Taxes.

     (a) Withholding Taxes; Gross-Up. Each payment by any Loan Party under any Loan
Document shall be made without withholding for any Taxes, unless such withholding is required by
law. If any Withholding Agent determines, in its sole discretion exercised in good faith, that it
is so required to withhold Taxes, then such Withholding Agent may so withhold and shall timely pay
the full amount of withheld Taxes to the relevant Governmental Authority in accordance with
applicable law. If such Taxes are Indemnified Taxes, then the amount payable by any Loan Party
shall be increased as necessary so that net of such withholding (including withholding applicable
to additional amounts payable under this Section) the applicable Recipient receives the amount it
would have received had no such withholding been made.

     (b) Payment of Other Taxes by the Borrower. The Borrower shall timely pay any Other
Taxes to the relevant Governmental Authority in accordance with applicable law.

     (c) Evidence of Payment. As soon as practicable after any payment of Indemnified
Taxes by any Loan Party to a Governmental Authority, such Loan Party shall deliver to the
Administrative Agent the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of the return reporting such payment or other evidence of
such payment reasonably satisfactory to the Administrative Agent.

     (d) Indemnification by the Loan Parties. The Loan Parties shall jointly and severally
indemnify each Recipient for any Indemnified Taxes that are paid or payable by such Recipient in
connection with any Loan Document (including amounts paid or payable under this Section
2.17(d)) and any reasonable expenses arising therefrom or with respect thereto, whether or not
such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. The indemnity under this Section 2.17(d) shall be paid within ten (10) days
after the Recipient delivers to any Loan Party a certificate stating the amount of any Indemnified
Taxes so paid or payable by such Recipient and describing the basis for the

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indemnification claim. Such certificate shall be conclusive of the amount so paid or
payable absent manifest error. Such Recipient shall deliver a copy of such certificate to the
Administrative Agent.

     (e) Indemnification by the Lenders. Each Lender shall severally indemnify the
Administrative Agent for any Taxes (but, in the case of any Indemnified Taxes, only to the extent
that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes
and without limiting the obligation of the Loan Parties to do so) attributable to such Lender that
are paid or payable by the Administrative Agent in connection with any Loan Document and any
reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were
correctly or legally imposed or asserted by the relevant Governmental Authority. The indemnity
under this Section 2.17(e) shall be paid within ten (10) days after the Administrative
Agent or the applicable Loan Party (as applicable) delivers to the applicable Lender a certificate
stating the amount of Taxes so paid or payable by the Administrative Agent or the applicable Loan
Party (as applicable). Such certificate shall be conclusive of the amount so paid or payable
absent manifest error.

     (f) Status of Lenders. (i) Any Recipient that is entitled to an exemption from, or
reduction of, any applicable withholding Tax with respect to any payments under any Loan Document
shall deliver to the Borrower and the Administrative Agent, at such time or times as required by
law or as reasonably requested by the Borrower or the Administrative Agent, such properly completed
and executed documentation prescribed by law or reasonably requested by the Borrower or the
Administrative Agent as will permit such payments to be made without, or at a reduced rate of,
withholding. In addition, any Recipient, if requested by the Borrower or the Administrative Agent,
shall deliver such other documentation prescribed by law or reasonably requested by the Borrower or
the Administrative Agent as will enable the Borrower or the Administrative Agent to determine
whether or not such Recipient is subject to any withholding (including backup withholding) or
information reporting requirements. Notwithstanding anything to the contrary in the preceding two
(2) sentences, the completion, execution and submission of such documentation (other than such
documentation set forth in Section 2.17(f)(ii)(A) through (F) below and Section
2.17(f)(iii)) shall not be required if in the Recipient’s judgment such completion, execution
or submission would subject such Recipient to any material unreimbursed cost or expense or would
materially prejudice the legal or commercial position of such Recipient. Upon the reasonable
request of the Borrower or the Administrative Agent, any Recipient shall update any form or
certification previously delivered pursuant to this Section 2.17(f). If any form or
certification previously delivered pursuant to this Section expires or becomes obsolete or
inaccurate in any respect with respect to a Recipient, such Recipient shall promptly (and in any
event within ten (10) days after such expiration, obsolescence or inaccuracy) notify the Borrower
and the Administrative Agent in writing of such expiration, obsolescence or inaccuracy and update
the form or certification if it is legally eligible to do so.

     (ii) Without limiting the generality of the foregoing, if the Borrower is a U.S.
Person, any Recipient with respect to the Borrower shall, if it is legally eligible to do
so, deliver to the Borrower and to the Administrative Agent (in such number of copies
reasonably requested by the Borrower and the Administrative Agent) on or prior to the date
on which such Recipient becomes a party hereto, duly completed and executed originals of
whichever of the following is applicable:

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     (A) in the case of a Recipient that is a U.S. Person, two (2) duly completed
and executed originals of IRS Form W-9 certifying that such Recipient is exempt from
United States Federal backup withholding tax;

     (B) in the case of a Non-U.S. Lender claiming the benefits of an income tax
treaty to which the United States is a party, two (2) duly completed and executed
originals of IRS Form W-8BEN (1) with respect to payments of interest under any Loan
Document, establishing an exemption from, or reduction of, United States Federal
withholding Tax pursuant to the “interest” article of such tax treaty and (2) with
respect to any other applicable payments under this Agreement, establishing an
exemption from, or reduction of, United States Federal withholding Tax pursuant to
the “business profits” or “other income” article of such tax treaty;

     (C) in the case of a Non-U.S. Lender for whom payments under this Agreement
constitute income that is effectively connected with such Lender’s conduct of a
trade or business in the United States, two (2) duly completed and executed
originals of IRS Form W-8ECI;

     (D) in the case of a Non-U.S. Lender claiming the benefits of the exemption for
portfolio interest under Section 881(c) of the Code both (1) two (2) duly completed
and executed originals of IRS Form W-8BEN and (2) a certificate substantially in the
applicable form attached as Exhibit C (a “U.S. Tax Certificate”) to the
effect that such Lender is not (a) a “bank” within the meaning of Section
881(c)(3)(A) of the Code, (b) a “10 percent shareholder” of the Borrower within the
meaning of Section 881(c)(3)(B) of the Code (c) a “controlled foreign corporation”
described in Section 881(c)(3)(C) of the Code and (d) conducting a trade or business
in the United States with which the relevant interest payments are effectively
connected;

     (E) in the case of a Non-U.S. Lender that is not the beneficial owner of
payments made under this Agreement (including a partnership or a participating
Lender) (1) two (2) duly completed and executed originals of an IRS Form W-8IMY on
behalf of itself and (2) all required supporting documentation, including the
relevant forms prescribed in clauses (A), (B), (C), (D) and (F) of this Section
2.17(f)(ii) that would be required of each such beneficial owner or partner of
such partnership if such beneficial owner or partner were a Lender; or

     (F) any other form prescribed by law as a basis for claiming exemption from, or
a reduction of, United States Federal withholding Tax together with such
supplementary documentation necessary to enable the Borrower or the Administrative
Agent to determine the amount of Tax (if any) required by law to be withheld.

     (iii) If a payment made to a Recipient under any Loan Document would be subject to
United States Federal withholding Tax imposed by FATCA if such Recipient were to fail to
comply with the applicable reporting requirements of FATCA (including

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those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such
Recipient shall deliver to the Withholding Agent, at the time or times prescribed by law and
at such time or times reasonably requested by the Withholding Agent, such documentation
prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the
Code) and such additional documentation reasonably requested by the Withholding Agent as may
be necessary for the Withholding Agent to comply with its obligations under FATCA, to
determine that such Recipient has or has not complied with such Recipient’s obligations
under FATCA and, as necessary, to determine the amount to deduct and withhold from such
payment.

     (g) Treatment of Certain Refunds. If any party determines, in its sole discretion
exercised in good faith, that it has received a refund of any Taxes as to which it has been
indemnified pursuant to this Section 2.17 (including additional amounts paid pursuant to
this Section 2.17), it shall pay to the indemnifying party an amount equal to such refund
(but only to the extent of indemnity payments made under this Section with respect to the Taxes
giving rise to such refund), net of all out-of-pocket expenses (including any Taxes) of such
indemnified party and without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund). Such indemnifying party, upon the request of such
indemnified party, shall repay to such indemnified party the amount paid such indemnified party
pursuant to the previous sentence (plus any penalties, interest or other charges imposed by the
relevant Governmental Authority) in the event such indemnified party is required to repay such
refund to such Governmental Authority. Notwithstanding anything herein to the contrary in this
Section 2.17(g), in no event will any indemnified party be required to pay any amount to
any indemnifying party pursuant to this Section 2.17(g) if such payment would place such
indemnified party in a less favorable position (on a net after-Tax basis) than such indemnified
party would have been in if the indemnification payments or additional amounts giving rise to such
refund had never been paid. This Section 2.17(g) shall not be construed to require any
indemnified party to make available its Tax returns (or any other information relating to its Taxes
which it deems confidential) to the indemnifying party or any other Person.

     (h) Issuing Bank. For purposes of Section 2.17(e), the term “Lender” includes
the Issuing Bank.

     SECTION 2.18 Payments Generally; Pro Rata Treatment; Sharing of Set-offs.

     (a) The Borrower shall make each payment required to be made by it hereunder (whether of
principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under
Section 2.15, 2.16 or 2.17, or otherwise) prior to 1:00 p.m., Local Time,
on the date when due, in immediately available funds, without set off or counterclaim. Any amounts
received after such time on any date may, in the discretion of the Administrative Agent, be deemed
to have been received on the next succeeding Business Day for purposes of calculating interest
thereon. All such payments shall be made to the Administrative Agent at (x) in the case of
payments denominated in U.S. Dollars, its offices at 270 Park Avenue, New York, New York, and (y)
in the case of payments denominated in a Foreign Currency, its Eurocurrency Payment Office for such
Foreign Currency, in each case except payments to be made directly to the
Issuing Bank or Swingline Lender as expressly provided herein and except that payments
pursuant to Sections 2.15, 2.16, 2.17 and 9.03 shall be made
directly to the Persons entitled

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thereto. The Administrative Agent shall distribute any such
payments received by it for the account of any other Person to the appropriate recipient promptly
following receipt thereof. If any payment hereunder shall be due on a day that is not a Business
Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case
of any payment accruing interest, interest thereon shall be payable for the period of such
extension. All payments hereunder of principal or interest in respect of any Loan or LC
Disbursement shall, except as otherwise expressly provided herein, be made in the currency of such
Loan or LC Disbursement, and all other payments hereunder and under each other Loan Document shall
be made in U.S. Dollars. Notwithstanding the foregoing provisions of this Section, if, after the
making of any Borrowing or LC Disbursement in any Foreign Currency, currency control or exchange
regulations are imposed in the country which issues such Foreign Currency with the result that such
Foreign Currency no longer exists or the Borrower is not able to make payment to the Administrative
Agent for the account of the Lenders in such Foreign Currency, then all payments to be made by the
Borrower hereunder in such Foreign Currency shall instead be made when due in U.S. Dollars in an
amount equal to the Dollar Amount (as of the date of repayment) of such payment due, it being the
intention of the parties hereto that the Borrower takes all risks of the imposition of any such
currency control or exchange regulations.

     (b) If at any time insufficient funds are received by and available to the Administrative
Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then
due hereunder, such funds shall be applied (i) first, towards payment 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 (ii) second, towards payment of principal and unreimbursed
LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with
the amounts of principal and unreimbursed LC Disbursements then due to such parties.

     (c) If any Lender shall, by exercising any right of set off or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Revolving Loans or
participations in LC Disbursements or Swingline Loans resulting in such Lender receiving payment of
a greater proportion of the aggregate amount of its Revolving Loans and participations in LC
Disbursements and Swingline Loans and accrued interest thereon than the proportion received by any
other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face
value) participations in the Revolving Loans and participations in LC Disbursements and Swingline
Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be
shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued
interest on their respective Revolving Loans and participations in LC Disbursements and Swingline
Loans; provided that (i) if any such participations are purchased and all or any portion of
the payment giving rise thereto is recovered, such participations shall be rescinded and the
purchase price restored to the extent of such recovery, without interest, and (ii) the provisions
of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to
and in accordance with the express terms of this Agreement or any payment obtained by a Lender as
consideration for the assignment of or sale of a participation in any of its Loans or
participations in LC Disbursements to any assignee or participant, other than to the Borrower or
any Subsidiary or Affiliate thereof
(as to which the provisions of this paragraph shall apply). The Borrower consents to the
foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender

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acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower
rights of set-off and counterclaim with respect to such participation as fully as if such Lender
were a direct creditor of the Borrower in the amount of such participation.

     (d) Unless the Administrative Agent shall have received notice from the Borrower prior to the
date on which any payment is due to the Administrative Agent for the account of the Lenders or the
Issuing Bank hereunder that the Borrower will not make such payment, the Administrative Agent may
assume that the Borrower has made such payment on such date in accordance herewith and may, in
reliance upon such assumption, distribute to the Lenders or the Issuing Bank, as the case may be,
the amount due. In such event, if the Borrower has not in fact made such payment, then each of the
Lenders or the Issuing Bank, as the case may be, severally agrees to repay to the Administrative
Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest
thereon, for each day from and including the date such amount is distributed to it to but excluding
the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate
and a rate determined by the Administrative Agent in accordance with banking industry rules on
interbank compensation (including the Overnight Foreign Currency Rate in the case of Loans
denominated in a Foreign Currency).

     (e) If any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.05(c), 2.06(d) or (e), 2.07(b), 2.18(d) or
9.03(c), then the Administrative Agent may, in its discretion and notwithstanding any
contrary provision hereof, apply any amounts thereafter received by the Administrative Agent for
the account of such Lender to satisfy such Lender’s obligations under such Sections until all such
unsatisfied obligations are fully paid, and/or (ii) hold such amounts in a segregated account over
which the Administrative Agent shall have exclusive control as cash collateral for, and application
to, any future funding obligations of such Lender under any such Section, in the case of each of
clause (i) and (ii) above, in any order as determined by the Administrative Agent in its
discretion.

     SECTION 2.19 Mitigation Obligations; Replacement of Lenders.

     (a) If any Lender requests compensation under Section 2.15, or if the Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account
of any Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to
designate a different lending office for funding or booking its Loans hereunder or to assign its
rights and obligations hereunder to another of its offices, branches or affiliates, if, in the
judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts
payable pursuant to Section 2.15 or 2.17, as the case may be, in the future and
(ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be
disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and
expenses incurred by any Lender in connection with any such designation or assignment.

     (b) If (i) any Lender requests compensation under Section 2.15, (ii) the Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the
account of any Lender pursuant to Section 2.17, (iii) any Lender becomes a Defaulting
Lender, or (iv) any Lender fails to approve any consent, waiver or modification of this Agreement
or any other Loan Document which requires the approval of all Lenders or each affected Lender and
has been approved by the Required Lenders (and provided such consent, waiver or modification

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could be effected as a result of the assignment and delegation contemplated in this paragraph), then, in
each case, the Borrower may, at its sole expense and effort, upon notice to such Lender and the
Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance
with and subject to the restrictions contained in Section 9.04), all its interests, rights
and obligations under this Agreement to an assignee that shall assume such obligations (which
assignee may be another Lender, if a Lender accepts such assignment); provided that (x) the
Borrower shall have received the prior written consent of the Administrative Agent (and if a
Commitment is being assigned, the Issuing Bank), which consent shall not unreasonably be withheld,
(y) such Lender shall have received payment of an amount equal to the outstanding principal of its
Loans and funded participations in LC Disbursements and Swingline Loans, accrued interest thereon,
accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of
such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other
amounts) and (z) in the case of any such assignment resulting from a claim for compensation under
Section 2.15 or payments required to be made pursuant to Section 2.17, such
assignment will result in a reduction in such compensation or payments. A Lender shall not be
required to make any such assignment and delegation if, prior thereto, as a result of a waiver by
such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and
delegation cease to apply.

     SECTION 2.20 Defaulting Lenders.

     Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a
Defaulting Lender, then the following provisions shall apply for so long as such Lender is a
Defaulting Lender:

     (a) fees shall cease to accrue on the unfunded portion of the Commitment of such Defaulting
Lender pursuant to Section 2.12(a);

     (b) the Commitment and Revolving Credit Exposure of such Defaulting Lender shall not be
included in determining whether all Lenders or the Required Lenders have taken or may take any
action hereunder (including any consent to any amendment, waiver or other modification pursuant to
Section 9.02); provided that any waiver, amendment or other modification requiring
the consent of all Lenders or each affected Lender which affects such Defaulting Lender
disproportionately when compared to the other affected Lenders, or increases or extends the
Commitment of such Defaulting Lender, shall require the consent of such Defaulting Lender;

     (c) if any Swingline Exposure or LC Exposure exists at the time such Lender becomes a
Defaulting Lender then:

     (i) all or any part of the Swingline Exposure and LC Exposure of such Defaulting Lender
shall be reallocated among the non-Defaulting Lenders in accordance with their respective
Applicable Percentages but only to the extent that (A) the sum of all non-Defaulting
Lenders’ Revolving Credit Exposures plus such Defaulting Lender’s Swingline Exposure and LC
Exposure does not exceed the total of all non-Defaulting Lenders’ Commitments and (B) the
conditions set forth in Section 4.02 are satisfied at such time;

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     (ii) if the reallocation described in clause (i) above cannot, or can only partially,
be effected, the Borrower shall within one (1) Business Day following notice by the
Administrative Agent (A) first, prepay such Swingline Exposure and (B) second, cash
collateralize for the benefit of the Issuing Bank only the Borrower’s obligations
corresponding to such Defaulting Lender’s LC Exposure (after giving effect to any partial
reallocation pursuant to clause (i) above) in accordance with the procedures set forth in
Section 2.06(j) for so long as such LC Exposure is outstanding;

     (iii) if the Borrower cash collateralizes any portion of such Defaulting Lender’s LC
Exposure pursuant to clause (ii) above, the Borrower shall not be required to pay any fees
to such Defaulting Lender pursuant to Section 2.12(b) with respect to such
Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC Exposure is
cash collateralized;

     (iv) if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to clause
(i) above, then the fees payable to the Lenders pursuant to Section 2.12(a) and
Section 2.12(b) shall be adjusted in accordance with such non-Defaulting Lenders’
Applicable Percentages; and

     (v) if all or any portion of such Defaulting Lender’s LC Exposure is neither
reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then, without
prejudice to any rights or remedies of the Issuing Bank or any other Lender hereunder, all
letter of credit fees payable under Section 2.12(b) with respect to such Defaulting
Lender’s LC Exposure shall be payable to the Issuing Bank until and to the extent that such
LC Exposure is reallocated and/or cash collateralized; and

     (d) so long as such Lender is a Defaulting Lender, (i) the Swingline Lender shall not be
required to fund any Swingline Loan and the Issuing Bank shall not be required to issue, amend,
renew or extend any Letter of Credit, unless it is satisfied that the related exposure and the
Defaulting Lender’s then outstanding LC Exposure will be one hundred percent (100%) covered by the
Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Borrower
in accordance with clause (c) above, and (ii) participating interests in any newly made Swingline
Loan or any newly issued, amended, renewed or extended Letter of Credit shall be allocated among
non-Defaulting Lenders in a manner consistent with clause (c)(i) above (and such Defaulting Lender
shall not participate therein).

     In the event that the Administrative Agent, the Borrower, the Swingline Lender and the Issuing
Bank each agrees that a Defaulting Lender has adequately remedied all matters that caused such
Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of
the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment and on
such date such Lender shall purchase at par such of the Loans of the other Lenders (other than
Swingline Loans) as the Administrative Agent shall determine may be necessary in order for such
Lender to hold such Loans in accordance with its Applicable Percentage.

     The provisions hereof relating to Defaulting Lenders shall not impair any rights or remedies
that the Borrower may have against any Defaulting Lender hereunder or under applicable law.

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     SECTION 2.21 Increase in Commitments. The Borrower shall have the right from time to
time, by written notice to the Administrative Agent (any such notice, a “Commitment Increase
Notice”), to request an increase in the aggregate Commitment (any such requested increase, a
“Commitment Increase”, and the amount thereof, the “Increase Amount”), to a maximum aggregate
Commitment of $225,000,000; provided that (i) at the time of each Commitment Increase
Notice and at the time the corresponding Commitment Increase would become effective, no Default has
occurred and is continuing or would exist after giving effect to such Commitment Increase, and (ii)
at the time such Commitment Increase would become effective, the Borrower would be in pro
forma compliance with the leverage covenant set forth in Section 6.10(a), with
Consolidated Total Debt measured as of the date of and after giving effect to any funding in
connection with such Commitment Increase (and the application of proceeds thereof to the repayment
of any other Indebtedness) and Consolidated EBITDA measured for the Reference Period then most
recently ended.

     A copy of each Commitment Increase Notice shall be delivered by the Administrative Agent to
the Lenders and shall specify a time period selected by the Borrower (which shall in no event be
less than ten (10) Business Days from the date of delivery of such Commitment Increase Notice to
the Lenders) within which each Lender is requested to respond to such Commitment Increase Notice.
Each Lender shall notify the Administrative Agent within such time period whether or not it agrees
to increase its Commitment and, if so, the amount of such increase. Any Lender not responding
within such time period shall be deemed to have declined to increase its Commitment. The
Administrative Agent shall notify the Borrower and each Lender of the Lenders’ responses to such
Commitment Increase Notice. After the expiration of the time period set forth in such Commitment
Increase Notice or receipt by the Administrative Agent of responses to such Commitment Increase
Notice from each of the Lenders, the Borrower may, to achieve the full amount of the requested
Increase Amount, invite one or more other Persons (other than individuals) (each, an “Additional
Lender”) that have agreed to provide all or any portion of such Increase Amount and that are
reasonably acceptable to each of the Administrative Agent, Swingline Lender and Issuing Bank (such
consent not to be unreasonably withheld or delayed) (it being agreed that any Lender as of the date
of such Commitment Increase Notice would be acceptable), and such Persons may be admitted as a
Lender party to this Agreement in accordance with the provisions of Section 9.04(e).
Neither the Administrative Agent nor any Lender shall have any obligation or other commitment to
provide all or any portion of any Commitment Increase. No consent of any Lender shall be required
to give effect to any Commitment Increase.

     Each Commitment Increase shall become effective upon written notice by the Administrative
Agent to the Borrower and the Lenders specifying the effective date of such Commitment Increase,
together with a revised Schedule 2.01 stating the new aggregate Commitment and, in respect
thereof, the Commitment of each Additional Lender, the respective continuing Commitment of each
other Lender and the new Revolving Credit Exposure of the Lenders.

     Upon the effective date of such Commitment Increase, each Additional Lender shall make all (if
any) such payments to the Administrative Agent for distribution to the other Lenders as may be
necessary to result in the respective Revolving Loans held by such Additional Lender and the other
Lenders being equal to such applicable Lender’s Applicable Percentage of the

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aggregate principal
amount of all Revolving Loans outstanding as of such date. The Borrower hereby agrees that any
Additional Lender so paying any such amount to the other Lenders pursuant to the preceding sentence
shall be entitled to all the rights of a Lender having a Commitment hereunder in respect of such
amounts, that such payments to such other Lenders shall thereafter constitute Revolving Loans made
by such Additional Lender hereunder and that such Additional Lender may exercise all of its right
of payment with respect to such amounts as fully as if such Additional Lender had initially
advanced to the Borrower directly the amount of such payments. If any such adjustment payments
pursuant to the preceding sentences of this Section 2.21 are made by an Additional Lender
to other Lenders at a time other than the end of an Interest Period in the case of all or any
portion of Revolving Loans constituting Eurocurrency Loans, the Borrower shall pay to each of the
Lenders receiving any such payment, at the time that such payment is made pursuant to this
Section 2.21, the amount that would be required to be paid by the Borrower pursuant to
Section 2.16 had such payments been made directly by the Borrower.

     SECTION 2.22 Judgment Currency. If, for the purposes of obtaining judgment in any
court, it is necessary to convert a sum due from the Borrower hereunder in the currency expressed
to be payable herein (the “specified currency”) into another currency, the parties hereto agree, to
the fullest extent that they may effectively do so, that the rate of exchange used shall be that at
which in accordance with normal banking procedures the Administrative Agent could purchase the
specified currency with such other currency at the Administrative Agent’s main New York City office
on the Business Day preceding that on which final, non-appealable judgment is given. The
obligations of the Borrower in respect of any sum due to any Lender or the Administrative Agent
hereunder shall, notwithstanding any judgment in a currency other than the specified currency, be
discharged only to the extent that on the Business Day following receipt by such Lender or the
Administrative Agent (as the case may be) of any sum adjudged to be so due in such other currency
such Lender or the Administrative Agent (as the case may be) may in accordance with normal,
reasonable banking procedures purchase the specified currency with such other currency. If the
amount of the specified currency so purchased is less than the sum originally due to such Lender or
the Administrative Agent, as the case may be, in the specified currency, the Borrower agrees, to
the fullest extent that it may effectively do so, as a separate obligation and notwithstanding any
such judgment, to indemnify such Lender or the Administrative Agent, as the case may be, against
such loss, and if the amount of the specified currency so purchased exceeds (a) the sum originally
due to any Lender or the Administrative Agent, as the case may
be, in the specified currency and (b) any amounts shared with other Lenders as a result of
allocations of such excess as a disproportionate payment to such Lender under Section 2.18,
such Lender or the Administrative Agent, as the case may be, agrees to remit such excess to the
Borrower.

ARTICLE III

Representations and Warranties

     The Borrower represents and warrants to the Lenders that:

     SECTION 3.01 Organization; Powers. Each of the Borrower and its Subsidiaries (other
than Immaterial Subsidiaries) is duly organized, validly existing and in good standing

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under the
laws of the jurisdiction of its organization and, except in each of the following cases where the
failure to do so, individually or in the aggregate, could not reasonably be expected to result in a
Material Adverse Effect, has all requisite power and authority to carry on its business as now
conducted and is qualified to do business in, and is in good standing in, every jurisdiction where
such qualification is required.

     SECTION 3.02 Authorization; Enforceability. The Transactions are within the
Borrower’s corporate powers and have been duly authorized by all necessary corporate and, if
required, stockholder action. This Agreement has been duly executed and delivered by the Borrower
and constitutes a legal, valid and binding obligation of the Borrower, enforceable in accordance
with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other
laws affecting creditors’ rights generally and subject to general principles of equity, regardless
of whether considered in a proceeding in equity or at law.

     SECTION 3.03 Governmental Approvals; No Conflicts. The Transactions (a) do not
require any consent or approval of, registration or filing with, or any other action by, any
Governmental Authority, except such as have been obtained or made and are in full force and effect,
(b) will not violate any applicable law or regulation or the charter, by-laws or other
organizational documents of the Borrower or any of its Subsidiaries or any order of any
Governmental Authority (except, with respect to Subsidiaries that are not Subsidiary Guarantors,
for such violations that, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect), (c) will not violate or result in a default under any
indenture, agreement or other instrument binding upon and material to the Borrower or any of its
Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be made by
the Borrower or any of its Subsidiaries (except, with respect to Subsidiaries that are not
Subsidiary Guarantors, for such violations, defaults and payment requirements that, individually or
in the aggregate, could not reasonably be expected to result in a Material Adverse Effect), and (d)
will not result in the creation or imposition of any Lien on any asset of the Borrower or any of
its Subsidiaries.

     SECTION 3.04 Financial Condition; No Material Adverse Change

     (a) The Borrower has heretofore furnished to the Lenders its consolidated balance sheet and
statements of income, stockholders equity and cash flows (i) as of and for the fiscal year ended
November 30, 2010, reported on by Deloitte & Touche LLP, independent public accountants, and (ii)
as of and for the fiscal quarter and the portion of the fiscal year ended May 31, 2011, certified
by its chief financial officer. Such financial statements present fairly, in all material
respects, the financial position and results of operations and cash flows of the Borrower and its
consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to
year end audit adjustments and the absence of footnotes in the case of the statements referred to
in clause (ii) above.

     (b) Since November 30, 2010, there has been no material adverse change in the business,
assets, operations or financial condition of the Borrower and its Subsidiaries, taken as a whole.

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     SECTION 3.05 Properties.

     (a) Each of the Borrower and its Subsidiaries has good title to, or valid leasehold interests
in, all its real and personal property material to its business, except where the failure to have
such title or interests, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect.

     (b) Each of the Borrower and its Subsidiaries owns, or is licensed to use, all trademarks,
tradenames, copyrights, patents and other intellectual property used in its business, and the use
thereof by the Borrower and its Subsidiaries does not infringe upon the rights of any other Person,
except for any such failures to own or have such license and such infringements that, individually
or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

     SECTION 3.06 Litigation and Environmental Matters.

     (a) There are no actions, suits or proceedings by or before any arbitrator or Governmental
Authority pending against or, to the knowledge of the Borrower, threatened against or affecting the
Borrower or any of its Subsidiaries (i) as to which there is a reasonable possibility of an adverse
determination and that, if adversely determined, could reasonably be expected, individually or in
the aggregate, to result in a Material Adverse Effect (other than the Disclosed Matters) or (ii)
that involve this Agreement or the Transactions.

     (b) As of the Effective Date, except for the Disclosed Matters and except with respect to any
other matters that, individually or in the aggregate, could not reasonably be expected to result in
a Material Adverse Effect, neither the Borrower nor any of its Subsidiaries (i) has failed
to comply with any Environmental Law or to obtain, maintain or comply with any permit, license
or other approval required under any Environmental Law, (ii) has become subject to any
Environmental Liability, (iii) has received notice of any claim with respect to any Environmental
Liability or (iv) knows of any basis for any Environmental Liability.

     (c) Since the date of this Agreement, there has been no change in the status of the Disclosed
Matters that, individually or in the aggregate, has resulted in, or materially increased the
likelihood of, a Material Adverse Effect.

     SECTION 3.07 Compliance with Laws and Agreements; No Default. Each of the Borrower
and its Subsidiaries is in compliance with all laws, regulations and orders of any Governmental
Authority applicable to it or its property and all indentures, agreements and other instruments
binding upon it or its property, except where the failure to be in compliance, individually or in
the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No Default
has occurred and is continuing.

     SECTION 3.08 Investment Company Status. Neither the Borrower nor any of its
Subsidiaries is an “investment company” as defined in, or subject to regulation under, the
Investment Company Act of 1940.

     SECTION 3.09 Taxes. Each of the Borrower and its Subsidiaries has timely filed or
caused to be filed all Tax returns and reports required to have been filed and has paid or caused

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to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in
good faith by appropriate proceedings and for which the Borrower or such Subsidiary, as applicable,
has set aside on its books adequate reserves or (b) to the extent that the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect.

     SECTION 3.10 ERISA. No ERISA Event has occurred or is reasonably expected to occur
that, when taken together with all other such ERISA Events for which liability is reasonably
expected to occur, could reasonably be expected to result in a Material Adverse Effect. The
present value of all accumulated benefit obligations of all underfunded Plans (based on the
assumptions used for purposes of Statement of Financial Accounting Standards No. 87, as amended, or
any successor thereto) did not, as of the date of the most recent financial statements reflecting
such amounts, exceed by more than $10,000,000 the fair market value of the assets of all such
underfunded Plans.

     SECTION 3.11 Disclosure. Neither the Information Memorandum nor any of the other
reports, financial statements, certificates or other information furnished by or on behalf of the
Borrower to the Administrative Agent or any Lender in connection with 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, with respect to projected financial information, the Borrower represents
only that such information was prepared in good faith based upon assumptions believed to be
reasonable at the time (it being understood that projections are not a guaranty of performance and
actual results may vary).

     SECTION 3.12 Subsidiaries. As of the date of this Agreement, Schedule 3.12 is
a complete list of (a) each of the Borrower’s Subsidiaries and such Subsidiary’s jurisdiction of
incorporation and (b) each Material U.S. Subsidiary.

ARTICLE IV

Conditions

     SECTION 4.01 Effective Date. The obligations of the Lenders to make Loans and of the
Issuing Bank to issue Letters of Credit hereunder shall not become effective until the date on
which each of the following conditions is satisfied (or waived in accordance with Section
9.02):

     (a) The Administrative Agent (or its counsel) shall have received from each party to the Loan
Documents either (i) a counterpart of each Loan Document to which such Person is a party, signed on
behalf of such Person or (ii) written evidence satisfactory to the Administrative Agent (which may
include telecopy transmission of a signed signature page of each Loan Document to which such Person
is a party) that such Person has signed a counterpart of each such Loan Document.

     (b) The Administrative Agent shall have received a favorable written opinion (addressed to the
Administrative Agent and the Lenders and dated the Effective Date) of

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Morgan, Lewis & Bockius LLP,
counsel for the Loan Parties, substantially in the form of Exhibit B and covering such
other matters relating to the Loan Parties, the Loan Documents and the Transactions as the Required
Lenders shall reasonably request. The Borrower hereby requests such counsel to deliver such
opinion.

     (c) The Administrative Agent shall have received such documents and certificates as the
Administrative Agent or its counsel may reasonably request relating to the organization, existence
and good standing of each Loan Party, the authorization of the Transactions and any other legal
matters relating to the Loan Parties, the Loan Documents and the Transactions, all in form and
substance satisfactory to the Administrative Agent and its counsel.

     (d) The Administrative Agent shall have received a certificate, dated the Effective Date and
signed by the President, a Vice President or a Financial Officer of the Borrower, confirming
compliance with the conditions set forth in paragraphs (a) and (b) of Section 4.02.

     (e) The Administrative Agent shall have received all fees and other amounts due and payable
pursuant to this Agreement on or prior to the Effective Date, including, to the extent invoiced,
reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the
Borrower hereunder.

     (f) The Administrative Agent shall have received (i) satisfactory audited consolidated
financial statements of the Borrower and its Subsidiaries for the two (2) most recent fiscal years
ended prior to the Effective Date and (ii) satisfactory unaudited interim consolidated financial
statements of the Borrower and its Subsidiaries for each quarterly period ended subsequent to the
date of the latest financial statements delivered pursuant to the foregoing clause (i) as to which
such financial statements are available.

     (g) The Administrative Agent and the Lenders shall have received (i) all documentation and
other information reasonably requested by the Lenders or the Administrative Agent under applicable
“know your customer” and anti-money laundering rules and regulations, including the USA Patriot
Act, and (ii) such other documents and instruments as they may reasonably request.

The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date, and such
notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the
Lenders to make Loans and of the Issuing Bank to issue Letters of Credit hereunder shall not become
effective unless each of the foregoing conditions is satisfied (or waived pursuant to Section
9.02) at or prior to 3:00 p.m., New York City time, on September 15, 2011 (and, in the event
such conditions are not so satisfied or waived, the Commitments shall terminate at such time).

     SECTION 4.02 Each Credit Event. The obligation of each Lender to make a Loan on the
occasion of any Borrowing, and of the Issuing Bank to issue, amend, renew or extend any Letter of
Credit, is subject to the satisfaction of the following conditions:

     (a) The representations and warranties of the Loan Parties set forth in the Loan Documents
shall be true and correct in all material respects (or in all respects if the applicable
representation or warranty is already qualified by concepts of materiality) on and as of the date

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of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of
Credit, as applicable.

     (b) At the time of and immediately after giving effect to such Borrowing or the issuance,
amendment, renewal or extension of such Letter of Credit, as applicable, no Default shall have
occurred and be continuing.

Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be
deemed to constitute a representation and warranty by the Borrower on the date thereof as to the
matters specified in paragraphs (a) and (b) of this Section.

ARTICLE V

Affirmative Covenants

     Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit
shall have expired or terminated, in each case, without any pending draw, and all LC Disbursements
shall have been reimbursed, the Borrower covenants and agrees with the Lenders that:

     SECTION 5.01 Financial Statements; Ratings Change and Other Information. The Borrower
will furnish to the Administrative Agent and each Lender:

     (a) within ninety (90) days after the end of each fiscal year of the Borrower, its audited
consolidated balance sheet and related statements of operations, shareholders’ equity and cash
flows as of the end of and for such year, setting forth in each case in comparative form the
figures for the previous fiscal year, all reported on by Deloitte & Touche LLP or other independent
public accountants of recognized national standing (without a “going concern” or like qualification
or exception arising out of the scope of the audit, or without any qualification or exception as to
the scope of such audit) to the effect that such consolidated financial statements present fairly
in all material respects the financial condition and results of operations of the Borrower and its
consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied;

     (b) within fifty (50) days after the end of each of the first three (3) fiscal quarters of
each fiscal year of the Borrower, its consolidated balance sheet and related statements of
operations and cash flows as of the end of and for such fiscal quarter and the then elapsed portion
of the fiscal year, setting forth in each case in comparative form the figures for the
corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the
previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all
material respects the financial condition and results of operations of the Borrower and its
consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied,
subject to normal year-end audit adjustments and the absence of footnotes;

     (c) concurrently with any delivery of financial statements under clause (a) or (b) above, a
certificate of a Financial Officer of the Borrower (i) certifying as to whether a Default

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has
occurred and, if a Default has occurred, specifying the details thereof and any action taken or
proposed to be taken with respect thereto, (ii) setting forth reasonably detailed calculations
demonstrating compliance with Section 6.10 and (iii) stating whether any change in GAAP or
in the application thereof has occurred since the date of the audited financial statements referred
to in Section 3.04 and, if any such change has occurred, specifying the effect of such
change on the financial statements accompanying such certificate;

     (d) promptly after the same become publicly available, copies of all periodic and other
reports, proxy statements and other materials filed by the Borrower or any Subsidiary with the
Securities and Exchange Commission, or any Governmental Authority succeeding to any or
all of the functions of said Commission, or with any national securities exchange, or
distributed by the Borrower to its shareholders generally, as the case may be; and

     (e) promptly following any request therefor, such other information regarding the operations,
business affairs and financial condition of the Borrower or any Subsidiary, or compliance with the
terms of this Agreement, as the Administrative Agent or any Lender may reasonably request.

     Any delivery of the items required to be delivered by (i) clauses (a), (b) and (d) of this
Section by the Borrower shall be deemed to have been delivered to the Administrative Agent and the
Lenders upon the filing of such items with the Securities and Exchange Commission, or (ii) clause
(c) of this Section by the Borrower shall be deemed satisfied by delivery to the Administrative
Agent of such items for posting to Intralinks or other such similar system.

     SECTION 5.02 Notices of Material Events. The Borrower will furnish to the
Administrative Agent and each Lender prompt written notice of the following:

     (a) the occurrence of any Default;

     (b) the filing or commencement of any action, suit or proceeding by or before any arbitrator
or Governmental Authority against or affecting the Borrower or any Affiliate thereof as to which
there is a reasonable possibility of an adverse determination and that, if adversely determined,
could reasonably be expected to result in a Material Adverse Effect;

     (c) the occurrence of any ERISA Event that, alone or together with any other ERISA Events that
have occurred, could reasonably be expected to result in liability of the Borrower and its
Subsidiaries in an aggregate amount exceeding $20,000,000; and

     (d) any other development that results in, or could reasonably be expected to result in, a
Material Adverse Effect.

Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer
or other executive officer of the Borrower setting forth the details of the event or development
requiring such notice and any action taken or proposed to be taken with respect thereto.

          SECTION 5.03 Existence; Conduct of Business. The Borrower will, and will cause each
of its Subsidiaries that is a Subsidiary Guarantor to, do or cause to be done all things

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necessary
to preserve, renew and keep in full force and effect its legal existence and the rights, licenses,
permits, privileges and franchises material to the conduct of its business; provided that
the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted
under Section 6.03. The Borrower will cause each of its Subsidiaries that is not a
Subsidiary Guarantor (other than an Immaterial Subsidiary) to do or cause to be done all things
necessary to preserve, renew and keep in full force and effect its legal existence and, except
where the failure to do so, individually or in the aggregate, could
not reasonably be expected to result in a Material Adverse Effect, preserve, renew and keep in
full force and effect the rights, licenses, permits, privileges and franchises material to the
conduct of its business; provided that the foregoing shall not prohibit any merger,
consolidation, liquidation or dissolution permitted under Section 6.03.

     SECTION 5.04 Payment of Obligations. The Borrower will, and will cause each of its
Subsidiaries to, pay its obligations, including Tax liabilities, that, if not paid, could
reasonably be expected to result in a Material Adverse Effect before the same shall become
delinquent or in default, except where (a) the validity or amount thereof is being contested in
good faith by appropriate proceedings, (b) the Borrower or such Subsidiary has set aside on its
books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make
payment pending such contest could not reasonably be expected to result in a Material Adverse
Effect.

     SECTION 5.05 Maintenance of Properties; Insurance. The Borrower will, and will cause
each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its
business in good working order and condition, ordinary wear and tear excepted (except as permitted
under Section 6.03), and (b) maintain, with financially sound and reputable insurance
companies, insurance in such amounts and against such risks as are customarily maintained by
companies engaged in the same or similar businesses operating in the same or similar locations.

     SECTION 5.06 Books and Records; Inspection Rights. The Borrower will, and will cause
each of its Subsidiaries (other than Immaterial Subsidiaries) to, keep proper books of record and
account in which full, true and correct entries are made of all dealings and transactions in
relation to its business and activities. The Borrower will, and will cause each of its
Subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender,
upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts
from its books and records, and to discuss its affairs, finances and condition with its officers
and independent accountants, all at the expense of the Administrative Agent or such Lender so long
as no Event of Default has occurred and is continuing, and at such reasonable times and as often as
reasonably requested.

     SECTION 5.07 Compliance with Laws. The Borrower will, and will cause each of its
Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental Authority
applicable to it or its property, except where the failure to do so, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse Effect.

     SECTION 5.08 Use of Proceeds. The proceeds of the Loans will be used only for
general corporate purposes of the Borrower and its Subsidiaries, including stock repurchases and
acquisitions permitted hereunder. No part of the proceeds of any Loan will be used, whether
directly or indirectly, for
any purpose that entails a violation of any of the Regulations of the Board, including
Regulations T, U and X.

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     SECTION 5.09 Additional Subsidiaries. In the event the Borrower acquires or creates
any Material U.S. Subsidiary (other than an Excluded Subsidiary), or any existing Subsidiary (other
than an Excluded Subsidiary) becomes a Material U.S. Subsidiary after the Effective Date, the
Borrower shall forthwith promptly (and in any event within thirty (30) days (or such longer time as
the Administrative Agent may agree) after the acquisition or creation of such Material U.S.
Subsidiary or knowledge of such existing Subsidiary being a Material U.S. Subsidiary) cause such
Subsidiary to become a Subsidiary Guarantor by delivering to the Administrative Agent a joinder to
the Subsidiary Guarantee Agreement (in the form contemplated thereby), duly executed by such
Subsidiary, pursuant to which such Subsidiary agrees to be bound by the terms and provisions of the
Subsidiary Guarantee Agreement, such joinder to be accompanied by appropriate corporate
resolutions, other corporate documentation and legal opinions in form and substance reasonably
satisfactory to the Administrative Agent and its counsel. Notwithstanding anything herein to the
contrary (including the five percent (5%) threshold in the definition of “Material U.S.
Subsidiary”), the Borrower will cause a sufficient number of its Subsidiaries (other than Excluded
Subsidiaries) to be Subsidiary Guarantors in accordance with the requirements of this Section such
that, at all times, all Subsidiaries that are not Subsidiary Guarantors (other than Excluded
Subsidiaries), collectively, do not comprise more than fifteen percent (15%) of the Borrower’s
consolidated assets or Consolidated EBITDA as of the end of or for the most recently ended
Reference Period.

ARTICLE VI

Negative Covenants

     Until the Commitments have expired or terminated and the principal of and interest on each
Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired
or terminated, in each case, without any pending draw, and all LC Disbursements shall have been
reimbursed, the Borrower covenants and agrees with the Lenders that:

     SECTION 6.01 Indebtedness. The Borrower will not, and will not permit any Subsidiary
to, create, incur, assume or permit to exist any Indebtedness, except:

     (a) Indebtedness under the Loan Documents;

     (b) Indebtedness existing on the date hereof and set forth in Schedule 6.01 and
extensions, renewals and replacements of any such Indebtedness to the extent the principal amount
thereof is not increased except by an amount equal to a reasonable premium or other reasonable
amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by
an amount equal to any existing commitments unutilized thereunder;

     (c) Indebtedness of the Borrower to any Subsidiary and, to the extent permitted by Section
6.04, of any Subsidiary to the Borrower or any other Subsidiary;

     (d) Guarantees by the Borrower of Indebtedness of any Subsidiary and by any Subsidiary of
Indebtedness of the Borrower or any other Subsidiary;

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     (e) Indebtedness of the Borrower or any Subsidiary incurred to finance the acquisition,
construction or improvement of any fixed or capital assets, including Capital Lease Obligations and
any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien
on any such assets prior to the acquisition thereof, and extensions, renewals and replacements of
any such Indebtedness that do not increase the outstanding principal amount thereof;
provided that (i) such Indebtedness is incurred prior to or within one hundred eighty (180)
days after such acquisition or the completion of such construction or improvement and (ii) the
aggregate principal amount of Indebtedness permitted by this clause (e) shall not exceed
$25,000,000 at any time outstanding;

     (f) Indebtedness of any Person that becomes a Subsidiary after the date hereof;
provided that (i) such Indebtedness exists at the time such Person becomes a Subsidiary and
is not created in contemplation of or in connection with such Person becoming a Subsidiary and (ii)
the aggregate principal amount of Indebtedness permitted by this clause (f) shall not exceed
$20,000,000 at any time outstanding;

     (g) Indebtedness of the Borrower or any Subsidiary (i) as an account party in respect of trade
letters of credit and bank guarantees issued on account of trade obligations and (ii) constituting
reimbursement obligations in respect of surety, customs and appeal bonds, performance bonds and
other obligations of a like nature incurred in the ordinary course of business;

     (h) other Indebtedness of the Borrower or any Subsidiary; provided that the aggregate
principal amount of Indebtedness permitted by this clause (h) shall not exceed $25,000,000 at any
time outstanding; and

     (i) other unsecured Indebtedness of any Loan Party; provided that, at the time of the
incurrence or assumption of any such Indebtedness and immediately after giving effect thereto, (i)
no Default shall have occurred and be continuing, and (ii) the Borrower shall be in pro
forma compliance with the leverage covenant set forth in Section 6.10(a), with
Consolidated Total Debt measured as of the date of and after giving effect to such Indebtedness
(and the application of proceeds thereof to the repayment of any other Indebtedness) and
Consolidated EBITDA measured for the Reference Period then most recently ended.

     SECTION 6.02 Liens. The Borrower will not, and will not permit any Subsidiary to,
create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter
acquired by it, except:

     (a) Permitted Encumbrances;

     (b) any Lien on any property or asset of the Borrower or any Subsidiary existing on the date
hereof and set forth in Schedule 6.02; provided that (i) such Lien shall not apply
to any other property or asset of the Borrower or any Subsidiary and (ii) such Lien shall secure
only those obligations which it secures on the date hereof and extensions, renewals and
replacements thereof permitted by Section 6.01(b);

     (c) any Lien existing on any property or asset prior to the acquisition thereof by the
Borrower or any Subsidiary or existing on any property or asset of any Person that becomes a

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Subsidiary after the date hereof prior to the time such Person becomes a Subsidiary;
provided that (i) such Lien is not created in contemplation of or in connection with such
acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall not
apply to any other property or assets of the Borrower or any Subsidiary and (iii) such Lien shall
secure only those obligations which it secures on the date of such acquisition or the date such
Person becomes a Subsidiary, as the case may be and extensions, renewals and replacements thereof
to the extent the principal amount thereof is not increased except by an amount equal to a
reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in
connection with such refinancing and by an amount equal to any existing commitments unutilized
thereunder;

     (d) Liens on fixed or capital assets acquired, constructed or improved by the Borrower or any
Subsidiary; provided that (i) such security interests secure only Indebtedness permitted by
Section 6.01(e), (ii) such security interests and the Indebtedness secured thereby are
incurred prior to or within one hundred eighty (180) days after such acquisition or the completion
of such construction or improvement, (iii) the Indebtedness secured thereby does not exceed the
cost of acquiring, constructing or improving such fixed or capital assets and (iv) such security
interests shall not apply to any other property or assets of the Borrower or any Subsidiary; and

     (e) any Lien on any property or asset of the Borrower or any Subsidiary to the extent securing
Indebtedness permitted by Section 6.01(h).

     SECTION 6.03 Fundamental Changes.

     (a) The Borrower will not, and will not permit any Subsidiary to, merge into or consolidate
with any other Person, or permit any other Person to merge into or consolidate with it, or sell,
transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or
substantially all of its assets, or all or substantially all of the stock of any of its
Subsidiaries (in each case, whether now owned or hereafter acquired), or liquidate or dissolve,
except that, if at the time thereof and immediately after giving effect thereto no Default shall
have occurred and be continuing, (i) any Subsidiary may merge into the Borrower in a transaction in
which the Borrower is the surviving entity, (ii) any Subsidiary that is not a Subsidiary Guarantor
may merge into any Subsidiary Guarantor in a transaction in which the Subsidiary Guarantor is the
surviving entity, (iii) any Subsidiary Guarantor may merge into any other Subsidiary Guarantor,
(iv) any Subsidiary that is not a Subsidiary Guarantor may merge into any other Subsidiary that is
not a Subsidiary Guarantor, (v) any Subsidiary Guarantor may sell, transfer, lease or otherwise
dispose of its assets to the Borrower or to another Subsidiary Guarantor, (vi) any Subsidiary
that is not a Subsidiary Guarantor may sell, transfer, lease or otherwise dispose of its assets to
the Borrower or to another Subsidiary, (vii) any Subsidiary that is not a Subsidiary Guarantor may
liquidate or dissolve if the Borrower determines in good faith that such liquidation or dissolution
is in the best interests of the Borrower and is not materially disadvantageous to the Lenders, and
(viii) any Person may merge into the Borrower or any Subsidiary in connection with an Acquisition
where the Borrower or such Subsidiary is the surviving entity.

     (b) The Borrower will not, and will not permit any of its Subsidiaries to, engage to any
material extent in any business other than businesses substantially of the type conducted by

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the
Borrower and its Subsidiaries on the date of execution of this Agreement and businesses reasonably
related or complementary thereto.

     SECTION 6.04 Investments, Loans, Advances, Guarantees and Acquisitions. The Borrower
will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including
pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger)
any capital stock, evidences of indebtedness or other securities (including any option, warrant or
other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to,
Guarantee any obligations of, or make or permit to exist any other investment or any other interest
in, any other Person, or purchase or otherwise acquire (in one transaction or a series of
transactions) all or substantially all of the assets of any other Person or any business or
division of any other Person, except:

     (a) investments existing on the date hereof and set forth in Schedule 6.04;

     (b) Cash Equivalent Investments;

     (c) (i) investments by the Loan Parties in the capital stock of their respective Subsidiaries
that are also Loan Parties, (ii) investments by Subsidiaries that are not Loan Parties in the
capital stock of their respective Subsidiaries, and (iii) to the extent existing on the date
hereof, investments by the Loan Parties in the capital stock of their respective Subsidiaries that
are not Loan Parties;

     (d) loans or advances made by (i) any Loan Party to any other Loan Party and (ii) any
Subsidiary that is not a Loan Party to the Borrower or any other Subsidiary;

     (e) investments by the Loan Parties in the capital stock of their respective Subsidiaries that
are not Loan Parties, and loans or advances made by the Loan Parties to Subsidiaries that are not
Loan Parties, in an aggregate amount for all such investments, loans and advances made pursuant to
this clause (e) not to exceed $25,000,000 at any time outstanding;

     (f) Guarantees constituting Indebtedness permitted by Section 6.01;

     (g) loans or advances made by the Borrower or any Subsidiary to its directors, officers or
employees in the ordinary course of business, in an aggregate amount for all such loans and
advances not to exceed $2,500,000 at any time outstanding;

     (h) investments in and obligations under Swap Agreements permitted by Section 6.05;

     (i) Acquisitions; provided that, for each Acquisition, (i) at the time of the
consummation thereof and immediately after giving effect thereto, no Default shall have occurred
and be continuing, (ii) immediately after giving effect thereto, the Borrower shall be in
pro forma compliance with the financial covenants set forth in Section
6.10, with Consolidated Total Debt measured as of the date of and after giving effect to any
Indebtedness incurred or assumed in connection with such Acquisition, and with Consolidated EBITDA
and Consolidated Interest Charges measured for the Reference Period then most recently ended (with
such amounts adjusted as if such Acquisition occurred on the first day of such Reference Period),
and

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(iii) such Acquisition is not actively opposed by the board of directors (or similar
governing body) of the selling Persons or the Persons whose Equity Interests are to be acquired;
and provided further that the aggregate consideration (including all cash
consideration paid, all transaction costs and debt incurred or assumed, and the maximum amount
payable under any earn-out obligations) paid in connection with all Acquisitions consummated at
times when the Total Leverage Ratio, measured on a pro forma basis in accordance
with clause (ii) above, exceeds 2.75:1.00, shall not exceed $50,000,000 from and after the date of
this Agreement; and

     (j) other investments (not constituting Acquisitions), and loans or advances made by the Loan
Parties to Subsidiaries that are not Loan Parties; provided that, for each such investment,
loan or advance, (i) at the time thereof and immediately after giving effect thereto, no Default
shall have occurred and be continuing, and (ii) immediately after giving effect thereto, the
aggregate outstanding amount of investments, loans and advances made pursuant to this clause (j)
shall not exceed $25,000,000 unless (A) the Borrower is in pro forma compliance
with the financial covenants set forth in Section 6.10, with Consolidated Total Debt
measured as of the date of and after giving effect to such investment, and with Consolidated EBITDA
and Consolidated Interest Charges measured for the Reference Period then most recently ended, and
(B) the Borrower has a Consolidated Liquidity Amount at least equal to $100,000,000 after giving
effect to such investment.

     SECTION 6.05 Swap Agreements. The Borrower will not, and will not permit any of its
Subsidiaries to, enter into any Swap Agreement, except (a) Swap Agreements entered into to hedge or
mitigate risks to which the Borrower or any Subsidiary has actual exposure (other than those in
respect of Equity Interests of the Borrower or any of its Subsidiaries), and (b) Swap Agreements
entered into in order to effectively cap, collar or exchange interest rates (from fixed to floating
rates, from one floating rate to another floating rate or otherwise) with respect to any
interest-bearing liability or investment of the Borrower or any Subsidiary.

     SECTION 6.06 Restricted Payments. The Borrower will not, and will not permit any of
its Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any
Restricted Payment, except (a) the Borrower may declare and pay dividends with respect to its
Equity Interests payable solely in additional shares of its common stock, (b) Subsidiaries may
declare and pay dividends ratably with respect to their Equity Interests, (c) the Borrower may make
Restricted Payments pursuant to and in accordance with stock option plans or other benefit plans
for management or employees of the Borrower and its Subsidiaries, and (d) the Borrower may declare
and pay cash dividends and make cash payments on account of the purchase, redemption, retirement,
acquisition, cancellation or termination of any Equity Interests in the Borrower; provided
that, in the case of this clause (d), at the time of any such cash dividend or payment and
immediately after giving effect thereto, (i) no Default shall have occurred and be continuing, and
(ii) the Borrower shall have a Consolidated Liquidity Amount at least equal to $100,000,000.

     SECTION 6.07 Transactions with Affiliates.
The Borrower will not, and will not permit any of its Subsidiaries to, sell, lease or
otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property
or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except
(a) at prices and on terms and conditions not less favorable to the Borrower or such Subsidiary
than could be obtained on an arm’s-length

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basis from unrelated third parties, (b) transactions
between or among the Borrower and its wholly owned Subsidiaries not involving any other Affiliate,
(c) any Restricted Payment permitted by Section 6.06 and (d) any transactions constituting
investments permitted by Section 6.04.

     SECTION 6.08 Restrictive Agreements. The Borrower will not, and will not permit any
of its Subsidiaries to, directly or indirectly, enter into, incur or permit to exist any agreement
or other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the
Borrower or any Subsidiary to create, incur or permit to exist any Lien upon any of its property or
assets, or (b) the ability of any Subsidiary to pay dividends or other distributions with respect
to any shares of its capital stock or to make or repay loans or advances to the Borrower or any
other Subsidiary or to Guarantee Indebtedness of the Borrower or any other Subsidiary;
provided that (i) the foregoing clauses (a) and (b) shall not apply to restrictions and
conditions imposed by law or by this Agreement, (ii) the foregoing clauses (a) and (b) shall not
apply to restrictions and conditions existing on the date hereof identified on Schedule
6.08 (but shall apply to any extension or renewal of, or any amendment or modification
expanding the scope of, any such restriction or condition), (iii) the foregoing clauses (a) and (b)
shall not apply to customary restrictions and conditions contained in agreements relating to the
sale of a Subsidiary pending such sale, provided such restrictions and conditions apply
only to the Subsidiary that is to be sold and such sale is permitted hereunder, (iv) the foregoing
clause (a) shall not apply to restrictions or conditions imposed by any agreement relating to
Indebtedness permitted by this Agreement and (v) the foregoing clause (a) shall not apply to
customary provisions in leases, licenses and other contracts restricting the assignment thereof.

     SECTION 6.09 Asset Dispositions. The Borrower will not, and will not permit any of
its Subsidiaries to, sell, transfer, lease or otherwise dispose of any of its assets, except that,
if at the time thereof and immediately after giving effect thereto no Default shall have occurred
and be continuing, the Borrower or any Subsidiary may (a) sell, transfer, lease or otherwise
dispose of any assets to the extent permitted by Section 6.03 or Section 6.04, (b)
sell, transfer, lease or otherwise dispose of any assets that are obsolete or no longer used in the
Borrower’s or such Subsidiary’s business, (c) sell, transfer, lease or otherwise dispose of any
inventory in the ordinary course of business, (d) grant leases, licenses, subleases or sublicenses
in the ordinary course of business which do not interfere in any material respect with the ordinary
conduct of business of the Borrower or such Subsidiary, and (e) sell, transfer, lease or otherwise
dispose of any other assets; provided that, in the case of this clause (e), (i) such assets
shall be disposed of for fair market value and on an arm’s-length basis and (ii) the net book value
of the assets disposed of from and after the date of this Agreement shall not, in the aggregate,
exceed twenty percent (20%) of the Borrower’s Consolidated Tangible Assets as set forth on the
Borrower’s most recent audited financial statements delivered pursuant to Section 4.01(f).

     SECTION 6.10 Financial Covenants.

     (a) Consolidated Leverage. The Borrower will not permit the Consolidated Leverage
Ratio as of the last day of any Reference Period to be greater than 3.00:1.00.

     (b) Consolidated Interest Coverage. The Borrower will not permit the Consolidated
Interest Coverage Ratio as of the last day of any Reference Period to be less than 3:00:1.00.

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     SECTION 6.11 Immaterial Subsidiaries. The Borrower will, from time to time by written
notice to the Administrative Agent, un-designate a sufficient number of Subsidiaries as Immaterial
Subsidiaries, if and to the extent necessary, such that at all times all Immaterial Subsidiaries,
collectively, do not comprise more than two percent (2%) of the Borrower’s consolidated assets or
Consolidated EBITDA as of the end of or for the most recently ended Reference Period.

ARTICLE VII

Events of Default

     If any of the following events (“Events of Default”) shall occur:

     (a) the Borrower shall fail to pay any principal of any Loan or any reimbursement obligation
in respect of any LC Disbursement when and as the same shall become due and payable, whether at the
due date thereof or at a date fixed for prepayment thereof or otherwise;

     (b) the Borrower or any other Loan Party shall fail to pay any interest on any Loan or any fee
or any other amount (other than an amount referred to in clause (a) of this Article) payable under
this Agreement or any other Loan Document, when and as the same shall become due and payable, and
such failure shall continue unremedied for a period of three (3) Business Days;

     (c) any representation or warranty made or deemed made by or on behalf of the Borrower or any
Subsidiary in or in connection with this Agreement or any other Loan Document or any amendment or
modification hereof or thereof or waiver hereunder or thereunder, or in any report, certificate,
financial statement or other document furnished pursuant to or in connection with this Agreement or
any other Loan Document or any amendment or modification hereof or thereof or waiver hereunder or
thereunder, shall prove to have been incorrect in any material respect (or in any respect if such
representation or warranty is already qualified by concepts of materiality) when made or deemed
made;

     (d) the Borrower shall fail to observe or perform any covenant, condition or agreement
contained in Section 5.02, 5.03 (with respect to the Borrower’s existence),
5.08 or 5.09 or in Article VI;

     (e) any Loan Party shall fail to observe or perform any covenant, condition or agreement
contained in any Loan Document (other than those specified in clause (a), (b) or (d) of this
Article), and such failure shall continue unremedied for a period of thirty (30) days;

     (f) the Borrower or any Subsidiary shall fail to make any payment (whether of principal or
interest and regardless of amount) in respect of any Material Indebtedness, when and as the same
shall become due and payable;

     (g) any event or condition occurs that results in any Material Indebtedness becoming due prior
to its scheduled maturity or that enables or permits (with or without the giving of notice, the
lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent
on its or their behalf to cause any Material Indebtedness to become due, or to

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require the
prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity;
provided that this clause (g) shall not apply to secured Indebtedness that becomes due as a
result of the voluntary sale or transfer of the property or assets securing such Indebtedness;

     (h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed
seeking (i) liquidation, reorganization or other relief in respect of the Borrower or any
Subsidiary (other than an Immaterial Subsidiary) or its debts, or of a substantial part of its
assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now
or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for the Borrower or any Subsidiary (other than an Immaterial
Subsidiary) or for a substantial part of its assets, and, in any such case, such proceeding or
petition shall continue undismissed for sixty (60) days or an order or decree approving or ordering
any of the foregoing shall be entered;

     (i) the Borrower or any Subsidiary (other than an Immaterial Subsidiary) shall (i) voluntarily
commence any proceeding or file any petition seeking liquidation, reorganization or other relief
under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or
hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and
appropriate manner, any proceeding or petition described in clause (h) of this Article, (iii) apply
for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or
similar official for the Borrower or any such Subsidiary or for a substantial part of its assets,
(iv) file an answer admitting the material allegations of a petition filed against it in any such
proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for
the purpose of effecting any of the foregoing;

     (j) the Borrower or any Subsidiary (other than an Immaterial Subsidiary) shall become unable,
admit in writing its inability or fail generally to pay its debts as they become due;

     (k) one or more judgments for the payment of money in an aggregate amount in excess of
$10,000,000 shall be rendered against the Borrower, any Subsidiary or any combination thereof and
the same shall remain undischarged for a period of thirty (30) consecutive days during which
execution shall not be effectively stayed, or any action shall be legally taken by a judgment
creditor to attach or levy upon any assets of the Borrower or any such Subsidiary to enforce any
such judgment;

     (l) an ERISA Event shall have occurred that, when taken together with all other ERISA Events
that have occurred, could reasonably be expected to result in liability of the Borrower and its
Subsidiaries in an aggregate amount exceeding $20,000,000 from and after the Effective Date;

     (m) a Change in Control shall occur; or

     (n) any Loan Document, at any time after its execution and delivery and for any reason other
than as expressly permitted hereunder or thereunder or satisfaction in full of all obligations of
the Loan Parties thereunder, shall cease to be in full force and effect; or any Loan Party or any
other Person shall contest in any manner the validity or enforceability of any Loan

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Document; or
any Loan Party shall deny that it has any or further liability or obligation under any Loan
Document, or shall purport to revoke, terminate or rescind any Loan Document;

then, and in every such event (other than an event with respect to the Borrower described in clause
(h) or (i) of this Article), and at any time thereafter during the continuance of such event, the
Administrative Agent may, and at the request of the Required Lenders shall, by notice to the
Borrower, take either or both of the following actions, at the same or different times: (i)
terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii)
declare the Loans then outstanding to be due and payable in whole (or in part, in which case any
principal not so declared to be due and payable may thereafter be declared to be due and payable),
and thereupon the principal of the Loans so declared to be due and payable, together with accrued
interest thereon and all fees and other Obligations of the Borrower accrued hereunder, shall become
due and payable immediately, without presentment, demand, protest or other notice of any kind, all
of which are hereby waived by the Borrower; and in case of any event with respect to the Borrower
described in clause (h) or (i) of this Article, the Commitments shall automatically terminate and
the principal of the Loans then outstanding, together with accrued interest thereon and all fees
and other Obligations of the Borrower accrued hereunder, shall automatically become due and
payable, without presentment, demand, protest or other notice of any kind, all of which are hereby
waived by the Borrower.

ARTICLE VIII

The Administrative Agent

     Each of the Lenders and the Issuing Bank hereby irrevocably appoints the Administrative Agent
as its agent and authorizes the Administrative Agent to take such actions on its behalf and to
exercise such powers as are delegated to the Administrative Agent by the terms hereof, together
with such actions and powers as are reasonably incidental thereto.

     The bank serving as the Administrative Agent hereunder shall have the same rights and powers
in its capacity as a Lender as any other Lender and may exercise the same as though it were not the
Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and
generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate
thereof as if it were not the Administrative Agent hereunder.

     The Administrative Agent shall not have any duties or obligations except those expressly set
forth herein. Without limiting the generality of the foregoing, (a) the Administrative Agent shall
not be subject to any fiduciary or other implied duties, regardless of whether a Default has
occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers
expressly contemplated hereby that the Administrative Agent is required to exercise in writing as
directed by the Required Lenders (or such other number or percentage of the Lenders as shall be
necessary under the circumstances as provided in Section 9.02), and (c) except as expressly
set forth herein, the Administrative Agent shall not have any duty to disclose, and shall not be
liable for the failure to disclose, any information relating to the Borrower or any of its
Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or any
of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action
taken or

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not taken by it with the consent or at the request of the Required Lenders (or such other
number or percentage of the Lenders as shall be necessary under the circumstances as provided in
Section 9.02) or in the absence of its own gross negligence or willful misconduct. The
Administrative Agent shall be deemed not to have knowledge of any Default unless and until written
notice thereof is given to the Administrative Agent by the Borrower or a Lender, and the
Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i)
any statement, warranty or representation made in or in connection with this Agreement, (ii) the
contents of any certificate, report or other document delivered hereunder or in connection
herewith, (iii) the performance or observance of any of the covenants, agreements or other terms or
conditions set forth herein, (iv) the validity, enforceability, effectiveness or genuineness of
this Agreement or any other agreement, instrument or document, or (v) the satisfaction of any
condition set forth in Article IV or elsewhere herein, other than to confirm receipt of
items expressly required to be delivered to the Administrative Agent.

     The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for
relying upon, any notice, request, certificate, consent, statement, instrument, document or other
writing believed by it to be genuine and to have been signed or sent by the proper Person. The
Administrative Agent also may rely upon any statement made to it orally or by telephone and
believed by it to be made by the proper Person, and shall not incur any liability for relying
thereon. The Administrative Agent may consult with legal counsel (who may be counsel for the
Borrower), independent accountants and other experts selected by it, and shall not be liable for
any action taken or not taken by it in accordance with the advice of any such counsel, accountants
or experts.

     The Administrative Agent may perform any and all its duties and exercise its rights and powers
by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative
Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers
through their respective Related Parties. The exculpatory provisions of the preceding paragraphs
shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any
such sub-agent, and shall apply to their respective activities in connection with the syndication
of the credit facilities provided for herein as well as activities as Administrative Agent.

     Subject to the appointment and acceptance of a successor Administrative Agent as provided in
this paragraph, the Administrative Agent may resign at any time by notifying the
Lenders, the Issuing Bank and the Borrower. Upon any such resignation, the Required Lenders
shall have the right, in consultation with the Borrower, to appoint a successor. If no successor
shall have been so appointed by the Required Lenders and shall have accepted such appointment
within thirty (30) days after the retiring Administrative Agent gives notice of its resignation,
then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Bank, appoint
a successor Administrative Agent which shall be a bank with an office in New York, New York, or an
Affiliate of any such bank. Upon the acceptance of its appointment as Administrative Agent
hereunder by a successor, such successor shall succeed to and become vested with all the rights,
powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative
Agent shall be discharged from its duties and obligations hereunder. The fees payable by the
Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor
unless otherwise agreed between the Borrower and such successor. After the

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Administrative Agent’s
resignation hereunder, the provisions of this Article and Section 9.03 shall continue in
effect for the benefit of such retiring Administrative Agent, its sub agents and their respective
Related Parties in respect of any actions taken or omitted to be taken by any of them while it was
acting as Administrative Agent.

     Each Lender acknowledges that it has, independently and without reliance upon the
Administrative Agent or any other Lender and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each
Lender also acknowledges that it will, independently and without reliance upon the Administrative
Agent or any other Lender and based on such documents and information as it shall from time to time
deem appropriate, continue to make its own decisions in taking or not taking action under or based
upon this Agreement, any related agreement or any document furnished hereunder or thereunder.

ARTICLE IX

Miscellaneous

     SECTION 9.01 Notices.

     (a) Except in the case of notices and other communications expressly permitted to be given by
telephone (and subject to paragraph (b) below), all notices and other communications provided for
herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by
certified or registered mail or sent by telecopy or e-mail, as follows:

     (i) if to the Borrower, to it at 14 Oak Park Drive, Bedford, Massachusetts 01730,
Attention: Brain Flanagan, Directory of Treasury Operations (Telecopy No. 781-280-4095;
E-mail Flanagan@progress.com), with a copy to: Stephen Faberman, Esq. (Telecopy No.
781-280-4035; E-mail sfaberma@progress.com);

     (ii) if to the Administrative Agent, (A) in the case of Borrowings denominated in U.S.
Dollars, to JPMorgan Chase Bank, N.A., Loan and Agency Services — Corporate Client Banking,
10 South Dearborn, Floor 7, Chicago, Illinois 60601, Attention of Darren
Cunningham (Telecopy No. (888) 208-7168; E-mail JPM.Agency.Servicing.4@jpmchase.com)
and (B) in the case of Borrowings denominated in Foreign Currencies, to J.P. Morgan Europe
Limited, 125 London Wall, London EC2Y 5AJ, Attention of Manager: Loan Agency (Telecopy No.
44 207 777 2360; E-mail JPM.Agency.Servicing.4@jpmchase.com), and in each case with a copy
(which shall not constitute notice) to JPMorgan Chase Bank, N.A., 277 Park Avenue, 23rd
Floor, New York, New York 10172, Attention of Justin Kelley (Telecopy No. (646) 534-3078;
E-mail JPM.Agency.Servicing.4@jpmchase.com);

     (iii) if to the Issuing Bank, to it at JPMorgan Chase Bank, N.A., Loan and Agency
Services — Corporate Client Banking, 10 South Dearborn, Floor 7, Chicago, Illinois 60601,
Attention of Darren Cunningham (Telecopy No. (888) 208-7168; E-mail
JPM.Agency.Servicing.4@jpmchase.com), with a copy (which shall not constitute notice) to
JPMorgan Chase Bank, N.A., 277 Park Avenue, 23rd Floor, New York, New

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York 10172, Attention
of Justin Kelley (Telecopy No. (646) 534-3078; E-mail JPM.Agency.Servicing.4@jpmchase.com);

     (iv) if to the Swingline Lender, to it at JPMorgan Chase Bank, N.A., Loan and Agency
Services — Corporate Client Banking, 10 South Dearborn, Floor 7, Chicago, Illinois 60601,
Attention of Nanette Wilson (Telecopy No. (888) 208-7168; E-mail
JPM.Agency.Servicing.4@jpmchase.com), with a copy (which shall not constitute notice) to
JPMorgan Chase Bank, N.A., 277 Park Avenue, 23rd Floor, New York, New York 10172, Attention
of Justin Kelley (Telecopy No. (646) 534-3078; E-mail JPM.Agency.Servicing.4@jpmchase.com);
and

     (v) if to any other Lender, to it at its address (or telecopy number) set forth in its
Administrative Questionnaire.

     (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Administrative Agent;
provided that the foregoing shall not apply to notices pursuant to Article II
unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative
Agent or the Borrower may, in its discretion, agree to accept notices and other communications to
it hereunder by electronic communications pursuant to procedures approved by it; provided
that approval of such procedures may be limited to particular notices or communications.

     (c) Any party hereto may change its address or telecopy number or e-mail address for notices
and other communications hereunder by notice to the other parties hereto. All notices and other
communications given to any party hereto in accordance with the provisions of this Agreement shall
be deemed to have been given on the date of receipt.

     SECTION 9.02 Waivers; Amendments.

     (a) No failure or delay by the Administrative Agent, the Issuing Bank or any Lender in
exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any such right or power, or any abandonment or discontinuance of steps to
enforce such a right or power, preclude any other or further exercise thereof or the exercise
of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Bank
and the Lenders hereunder are cumulative and are not exclusive of any rights or remedies that they
would otherwise have. No waiver of any provision of this Agreement or consent to any departure by
the Borrower therefrom shall in any event be effective unless the same shall be permitted by
paragraph (b) of this Section, and then such waiver or consent shall be effective only in the
specific instance and for the purpose for which given. Without limiting the generality of the
foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a
waiver of any Default, regardless of whether the Administrative Agent, any Lender or the Issuing
Bank may have had notice or knowledge of such Default at the time.

     (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except
pursuant to an agreement or agreements in writing entered into by the Borrower and the Required
Lenders or by the Borrower and the Administrative Agent with the consent of the Required Lenders;
provided that no such agreement shall (i) increase the Commitment of any

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Lender without the
written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement or
reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written
consent of each Lender directly and adversely affected thereby, (iii) postpone the scheduled date
of payment of the principal amount of any Loan or LC Disbursement, or any interest thereon, or any
fees payable hereunder, or reduce the amount of, waive or excuse any such payment (in each case
excluding, for the avoidance of doubt, mandatory prepayments under Section 2.11(c)), or
postpone the scheduled date of expiration of any Commitment, without the written consent of each
Lender directly and adversely affected thereby, (iv) change Section 2.18(b) or (c)
in a manner that would alter the pro rata sharing of payments required thereby, without the written
consent of each Lender directly and adversely affected thereby, or (v) change any of the provisions
of this Section or the definition of “Required Lenders” or any other provision hereof specifying
the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make
any determination or grant any consent hereunder, without the written consent of each Lender;
provided further that no such agreement shall amend, modify or otherwise affect the
rights or duties of the Administrative Agent, the Issuing Bank or the Swingline Lender hereunder
without the prior written consent of the Administrative Agent, the Issuing Bank or the Swingline
Lender, as the case may be.

     SECTION 9.03 Expenses; Indemnity; Damage Waiver.

     (a) The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the
Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements
of counsel for the Administrative Agent, in connection with the syndication of the credit
facilities provided for herein, the preparation and administration of this Agreement or any
amendments, modifications or waivers of the provisions hereof (whether or not the transactions
contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses
incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of
any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses
incurred by the Administrative Agent, the Issuing Bank or any Lender, including the fees, charges
and disbursements of any counsel for the Administrative Agent, the
Issuing Bank or any Lender, in connection with the enforcement or protection of its rights in
connection with this Agreement, including its rights under this Section, or in connection with the
Loans made or Letters of Credit issued hereunder, including all such out-of pocket expenses
incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of
Credit.

     (b) The Borrower shall indemnify the Administrative Agent, the Issuing Bank and each Lender,
and each Related Party of any of the foregoing Persons (each such Person being called an
“Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages,
liabilities and related expenses, including the fees, charges and disbursements of any counsel for
any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with,
or as a result of (i) the execution or delivery of this Agreement or any agreement or instrument
contemplated hereby, the performance by the parties hereto of their respective obligations
hereunder or the consummation of the Transactions or any other transactions contemplated hereby,
(ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by
the Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented
in connection with such demand do not strictly

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comply with the terms of such Letter of Credit),
(iii) any actual or alleged presence or release of Hazardous Materials on or from any property
owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability
related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective
claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto;
provided that such indemnity shall not, as to any Indemnitee, be available to the extent
that such losses, claims, damages, liabilities or related expenses 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. This Section 9.3(b) shall not apply
with respect to Taxes other than any Taxes that represent losses or damages arising from any
non-Tax claim.

     (c) To the extent that the Borrower fails to pay any amount required to be paid by it to the
Administrative Agent, the Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this
Section, each Lender severally agrees to pay to the Administrative Agent, the Issuing Bank or the
Swingline Lender, as the case may be, such Lender’s Applicable Percentage (determined as of the
time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid
amount; provided that the unreimbursed expense or indemnified loss, claim, damage,
liability or related expense, as the case may be, was incurred by or asserted against the
Administrative Agent, the Issuing Bank or the Swingline Lender in its capacity as such.

     (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby
waives, any claim against any Indemnitee, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement or any agreement or instrument contemplated
hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof.

     (e) All amounts due under this Section shall be payable promptly after written demand
therefor.

     SECTION 9.04 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 (including any
Affiliate of the Issuing Bank that issues any Letter of Credit), except that (i) the Borrower may
not assign or otherwise transfer any of its rights or obligations hereunder without the prior
written consent of each Lender (and any attempted assignment or transfer by the Borrower without
such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights
or obligations hereunder except in accordance with this Section. 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 (including any Affiliate of the Issuing
Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of
this Section) and, to the extent expressly contemplated hereby, the Related Parties of each of the
Administrative Agent, the Issuing Bank and the Lenders) any legal or equitable right, remedy or
claim under or by reason of this Agreement.

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     (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign
to one or more Persons (other than an Ineligible Assignee) all or a portion of its rights and
obligations under this Agreement (including all or a portion of its Commitment and the Loans at the
time owing to it) with the prior written consent (such consent not to be unreasonably withheld) of:

     (A) the Borrower, provided that, the Borrower shall be deemed to have
consented to an assignment unless it shall have objected thereto by written notice
to the Administrative Agent within seven (7) Business Days after having received
notice thereof; provided further that no consent of the Borrower
shall be required for an assignment to a Lender, an Affiliate of a Lender, an
Approved Fund or, if an Event of Default has occurred and is continuing, any other
assignee;

     (B) the Administrative Agent, provided that no consent of the
Administrative Agent shall be required for an assignment of any Commitment to an
assignee that is a Lender with a Commitment immediately prior to giving effect to
such assignment; and

     (C) the Issuing Bank.

     (ii) Assignments shall be subject to the following additional conditions:

     (A) except in the case of an assignment to a Lender or an Affiliate of a Lender
or an Approved Fund, or an assignment of the entire remaining amount of the
assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or
Loans of the assigning Lender subject to each such assignment (determined as of the
date the Assignment and Assumption with respect to such
assignment is delivered to the Administrative Agent) shall not be less than
$5,000,000 unless each of the Borrower and the Administrative Agent otherwise
consent, provided that no such consent of the Borrower shall be required if
an Event of Default has occurred and is continuing;

     (B) each partial assignment shall be made as an assignment of a proportionate
part of all the assigning Lender’s rights and obligations under this Agreement;

     (C) 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;

     (D) the assignee shall deliver to the Administrative Agent, Withholding Agent
and/or Borrower, as applicable, any documentation required by Section
2.17(f); and

     (E) the assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire in which the assignee
designates one or more credit contacts to whom all syndicate-level information
(which may contain material non-public information about the Loan Parties and

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their
related parties or their respective securities) will be made available and who may
receive such information in accordance with the assignee’s compliance procedures and
applicable laws, including Federal and state securities laws.

     (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this
Section, from and after the effective date specified in each Assignment and Assumption the
assignee thereunder shall be a party hereto 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 2.15, 2.16,
2.17 and 9.03). Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this Section 9.04 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 paragraph (c) of this Section.

     (iv) The Administrative Agent, acting for this purpose as an agent of the Borrower,
shall maintain at one of its offices 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
Commitment of, and principal amount of the Loans and LC Disbursements 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, the Issuing Bank
and the Lenders shall 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, the Issuing Bank and any Lender, at any
reasonable time and from time to time upon reasonable prior notice.

     (v) Upon its receipt of a duly completed Assignment and Assumption executed by an
assigning Lender and an assignee, any documentation required by Section 2.17(f), the
assignee’s completed Administrative Questionnaire (unless the assignee shall already be a
Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this
Section and any written consent to such assignment required by paragraph (b) of this
Section, the Administrative Agent shall accept such Assignment and Assumption and record the
information contained therein in the Register; provided that if either the assigning
Lender or the assignee shall have failed to make any payment required to be made by it
pursuant to Section 2.05(c), 2.06(d) or (e), 2.07(b),
2.18(d) or 9.03(c), the Administrative Agent shall have no obligation to
accept such Assignment and Assumption and record the information therein in the Register
unless and until such payment shall have been made in full, together with all accrued
interest thereon. No assignment shall be effective for purposes of this Agreement unless it
has been recorded in the Register as provided in this paragraph.

     (c) Any Lender may, without the consent of the Borrower, the Administrative Agent, the Issuing
Bank or the Swingline Lender, sell participations to one or more banks or other

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entities (a
“Participant”), other than an Ineligible Assignee, in all or a portion of such Lender’s rights and
obligations under this Agreement (including all or a portion of its Commitment and the Loans owing
to it); provided that (A) such Lender’s obligations under this Agreement shall remain
unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (C) the Borrower, the Administrative Agent, the Issuing Bank
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,
modification or waiver described in the first proviso to Section 9.02(b) that affects such
Participant. The Borrower agrees that each Participant shall be entitled to the benefits of
Sections 2.15, 2.16 and 2.17 (subject to the requirements and limitations
therein, including the requirements under Section 2.17(f) (it being understood that the
documentation required under Section 2.17(f) shall be delivered to the participating
Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment
pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be
subject to the provisions of Sections 2.17, 2.18 and 2.19 as if it were an
assignee under paragraph (b) of this Section; and (B) shall not be entitled to receive any greater
payment under Sections 2.15 or 2.17, with respect to any participation, than its
participating Lender would have been entitled to receive, except to the extent such entitlement to
receive a greater payment results from a Change in Law that occurs after the Participant acquired
the applicable participation. To the extent permitted by law, each Participant also shall be
entitled to the benefits of Section 9.08 as though it were a Lender, provided such
Participant agrees to be subject to Section 2.18(c) as though it were a Lender. Each
Lender that sells a participation shall, acting solely for this purpose as an agent of the
Borrower, maintain a register on which it enters the name and address of each Participant and
the principal amounts (and stated interest) of each Participant’s interest in the Loans or other
obligations under this Agreement (the “Participant Register”); provided that no Lender
shall have any obligation to disclose all or any portion of the Participant Register to any Person
(including the identity of any Participant or any information relating to a Participant’s interest
in any Commitments, Loans, Letters of Credit or its other obligations under any Loan Document)
except to the extent that such disclosure is necessary to establish that such Commitment, Loan,
Letter of Credit or other obligation is in registered form under Section 5f.103-1(c) of the United
States Treasury Regulations. The entries in the Participant Register shall be conclusive absent
manifest error, and such Lender shall treat each person whose name is recorded in the Participant
Register as the owner of such participation for all purposes of this Agreement notwithstanding any
notice to the contrary.

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

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     (e) One or more Additional Lenders may be admitted as Lenders party to this Agreement from
time to time in connection with an increase of the aggregate Commitment pursuant to Section
2.21, subject to (i) execution and delivery by any such Additional Lender to the Administrative
Agent, for recording in the Register, of an Instrument of Adherence substantially in the form of
Exhibit D hereto (an “Instrument of Adherence”), (ii) acceptance of such Instrument of
Adherence by each of the Administrative Agent and the Borrower by their respective executions
thereof, and (iii) the completion of an Administrative Questionnaire by such Additional Lender
promptly delivered to the Administrative Agent. Upon the satisfaction of the foregoing conditions,
from and after the effective date specified in each such Instrument of Adherence, the Additional
Lender shall be a Lender party hereto and have the rights and obligations of a Lender hereunder.

     SECTION 9.05 Survival. All covenants, agreements, representations and warranties made
by the Borrower herein and in the certificates or other instruments delivered in connection with or
pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto
and shall survive the execution and delivery of this Agreement and the making of any Loans and
issuance of any Letters of Credit, regardless of any investigation made by any such other party or
on its behalf and notwithstanding that the Administrative Agent, the Issuing Bank or any Lender may
have had notice or knowledge of any Default or incorrect representation or warranty at the time any
credit is extended hereunder, and shall continue in full force and effect as long as the principal
of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement
is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments
have not expired or terminated. The provisions of Sections 2.13(f), 2.15,
2.16, 2.17 and 9.03 and Article VIII shall survive and remain in
full force and effect regardless of the consummation of the transactions contemplated hereby, the
repayment of
the Loans, the expiration or termination of the Letters of Credit and the Commitments or the
termination of this Agreement or any provision hereof.

     SECTION 9.06 Counterparts; Integration; Effectiveness. This Agreement may be executed
in counterparts (and by different parties hereto on different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract.
This Agreement and any separate letter agreements with respect to fees payable to the
Administrative Agent or the Issuing Bank constitute the entire contract among the parties relating
to the subject matter hereof and supersede any and all previous agreements and understandings, oral
or written, relating to the subject matter hereof. Except as provided in Section 4.01,
this Agreement shall become effective when it shall have been executed by the Administrative Agent
and when the Administrative Agent shall have received counterparts hereof which, when taken
together, bear the signatures of each of the other parties hereto, and thereafter shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns.
Delivery of an executed counterpart of a signature page of this Agreement by telecopy or any other
electronic means that reproduces an image of the actual executed signature page shall be effective
as delivery of a manually executed counterpart of this Agreement.

     SECTION 9.07 Severability. Any provision of this Agreement held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality
and

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enforceability of the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

     SECTION 9.08 Right of Setoff. If an Event of Default shall have occurred and be
continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time
to time, 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 and in whatever currency denominated) at any time
held and other obligations at any time owing by such Lender or Affiliate to or for the credit or
the account of the Borrower against any of and all the Obligations of the Borrower now or hereafter
existing under this Agreement held by such Lender, irrespective of whether or not such Lender shall
have made any demand under this Agreement and although such obligations may be unmatured. The
rights of each Lender under this Section are in addition to other rights and remedies (including
other rights of setoff) which such Lender may have.

     SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process.

     (a) This Agreement shall be construed in accordance with and governed by the law of the State
of New York.

     (b) The Borrower hereby irrevocably and unconditionally submits, for itself and its property,
to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York
County, Borough of Manhattan and of the United States District Court for the Southern District of
New York, and any appellate court from any thereof, in any action or proceeding arising out of or
relating to this Agreement, or for recognition or enforcement of any judgment, and each of the
parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such
action or proceeding may be heard and determined in such New York State or, to the extent permitted
by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such
action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right
that the Administrative Agent, the Issuing Bank or any Lender may otherwise have to bring any
action or proceeding relating to this Agreement against the Borrower or its properties in the
courts of any jurisdiction.

     (c) The Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection which it may now or hereafter have to the laying of
venue of any suit, action or proceeding arising out of or relating to this Agreement in any court
referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.

     (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 9.01. Nothing in this Agreement will affect the right of
any party to this Agreement to serve process in any other manner permitted by law.

     SECTION 9.10 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR

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INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT
NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE,
THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER
AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     SECTION 9.11 Headings. Article and Section headings and the Table of Contents used
herein are for convenience of reference only, are not part of this Agreement and shall not affect
the construction of, or be taken into consideration in interpreting, this Agreement.

     SECTION 9.12 Confidentiality

     (a) Each of the Administrative Agent, the Issuing Bank and the Lenders agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (i)
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), (ii) to the extent requested by any regulatory authority, (iii) to the
extent required by applicable laws or regulations or by any subpoena or similar legal process, (iv)
to any other party to this Agreement, (v) 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, (vi) subject to an agreement containing provisions substantially the same as those of
this Section, to (A) any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement or (B) any actual or
prospective counterparty (or its advisors) to any swap or derivative transaction relating to the
Borrower and its obligations, (vii) with the consent of the Borrower or (viii) to the extent such
Information (A) becomes publicly available other than as a result of a breach of this Section or
(B) becomes available to the Administrative Agent, the Issuing Bank or any Lender on a
nonconfidential basis from a source other than the Borrower. For the purposes of this Section,
“Information” means all information received from the Borrower relating to the Borrower or its
business, other than any such information that is available to the Administrative Agent, the
Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by the Borrower;
provided that, in the case of information received from the Borrower after the date hereof,
such information is clearly identified at the time of delivery as confidential. 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.

     (b) EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION 9.12(a) FURNISHED
TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE
BORROWER AND ITS RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS

-76-

 

THAT IT HAS DEVELOPED
COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE
SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW,
INCLUDING FEDERAL AND STATE SECURITIES LAWS.

     (c) ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY THE BORROWER
OR THE ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE
SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE LOAN
PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER
REPRESENTS TO THE BORROWER AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS
ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT
WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE
WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW.

     SECTION 9.13 Interest Rate Limitation. Notwithstanding anything herein to the
contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges
and other amounts which are treated as interest on such Loan under applicable law (collectively the
“Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for,
charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable
law, the rate of interest payable in respect of such Loan hereunder, together with all Charges
payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the
interest and Charges that would have been payable in respect of such Loan but were not payable as a
result of the operation of this Section shall be cumulated and the interest and Charges payable to
such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate
therefor) until such cumulated amount, together with interest thereon at the Federal Funds
Effective Rate to the date of repayment, shall have been received by such Lender.

     SECTION 9.14 USA PATRIOT Act. Each Lender that is subject to the requirements of the
USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”) hereby
notifies the Borrower that pursuant to the requirements of the Act, it is required to obtain,
verify and record information that identifies the Borrower, which information includes the name and
address of the Borrower and other information that will allow such Lender to identify the Borrower
in accordance with the Act.

     SECTION 9.15 Release of Subsidiary Guarantors. In the event of a disposition of all the Equity Interests in a Subsidiary Guarantor to a
Person other than the Borrower or an Affiliate of the Borrower in a transaction not prohibited by
any covenant contained in this Agreement, the Administrative Agent is hereby directed and
authorized to take such action and to execute such documents as the Borrower may reasonably
request, at the Borrower’s sole expense, to evidence or effect the release of such Subsidiary
Guarantor from its obligations under the Subsidiary Guarantee Agreement.

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[Signature Pages Follow]

-78-

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their
respective authorized officers as of the day and year first above written.

	 	 	 	 	 
	 	PROGRESS SOFTWARE CORPORATION,

as Borrower

 	 
	 	By  	/s/ David H. Benton, Jr.
 	 
	 	 	Name:  	David H. Benton, Jr. 	 
	 	 	Title:  	Vice President 	 
	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.,

as Administrative Agent, Issuing Bank

and a Lender

 	 
	 	By  	/s/ David Gibbs
 	 
	 	 	Name:  	David Gibbs 	 
	 	 	Title:  	Managing Director 	 
	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	RBS CITIZENS, N.A.

as a Lender

 	 
	 	By  	/s/ William F. Granchelli
 	 
	 	 	Name:  	William F. Granchelli 	 
	 	 	Title:  	Senior Vice President 	 
	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A.,

as a Lender

 	 
	 	By  	/s/ Jeffrey Kinney
 	 
	 	 	Name:  	Jeffrey Kinney 	 
	 	 	Title:  	Senior Vice President 	 
	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	SILICON VALLEY BANK,

as a Lender

 	 
	 	By  	/s/ Philip T. Silvia III
 	 
	 	 	Name:  	Philip T. Silvia III 	 
	 	 	Title:  	Vice President 	 
	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	CITIBANK, N.A.,

as a Lender

 	 
	 	By  	/s/ Stephen J. White
 	 
	 	 	Name:  	Stephen J. White 	 
	 	 	Title:  	Vice President 	 
	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as a Lender

 	 
	 	By  	/s/ Kevin M. Barton
 	 
	 	 	Name:  	Kevin M. Barton 	 
	 	 	Title:  	Vice President 	 
	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]exv4w4

Exhibit 4.4

MEDQUIST HOLDINGS INC.

RESTRICTED STOCK AWARD AGREEMENT

          THIS RESTRICTED STOCK AWARD AGREEMENT (this “Award” or “Agreement”) is made by
and between MedQuist Holdings Inc. (the “Company”) and ______________ (the
“Grantee”) as of this 18th day of August, 2011 (the “Effective Date”).

          WHEREAS, pursuant to that certain Agreement and Plan of Merger and Reorganization, dated July
11, 2011, by and among the Company, Multimodal Technologies, Inc., a Pennsylvania corporation
(“Multimodal”) and certain other parties thereto, the Company acquired Multimodal (the
“Transaction”); and

          WHEREAS, in order to induce the Grantee to join the employ of the Company or one of its
subsidiaries in connection with the Transaction, and to further align the Grantee’s financial
interests with those of the Company’s stockholders, the Board approved this Award of shares of
common stock of the Company subject to the restrictions and on the terms and conditions contained
in this Agreement (the “Restricted Stock”); and

          WHEREAS, this Award of Restricted Stock is intended to constitute a non-plan based “inducement
grant,” as described in the Nasdaq Listing Rule 5635(c)(4).

          NOW, THEREFORE, in consideration of these premises and the agreements set forth herein, the
parties, intending to be legally bound hereby, agree as follows:

     1. Award of Restricted Shares.

          (a) The Company hereby awards the Grantee              shares of Restricted Stock (the “Restricted
Shares”).

          (b) The Company maintains the MedQuist Holdings Inc. 2010 Equity Incentive Plan (the
“Plan”), which provides the general terms and restrictions for certain equity incentive
awards to the Company’s employees, directors, consultants, and other individuals who provide
services to the Company. This Award of Restricted Stock is not awarded pursuant to the Plan, but
rather is intended to constitute a non-plan based “inducement grant,” as described in Nasdaq
Listing Rule 5635(c)(4). Nonetheless, the terms and provisions of the Plan relating to restricted
stock (including, without limitation, Section 9 of the Plan) are hereby incorporated into this
Agreement by this reference, as though fully set forth herein, as if the Restricted Shares were
granted pursuant to the Plan. Unless the context herein otherwise requires, the terms defined in
the Plan shall have the same meanings herein.

     2. Vesting of Restricted Shares. The Restricted Shares are subject to forfeiture to
the Company until they become vested and non-forfeitable in accordance with this Section 2. While
subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise
encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of
law, except to (i) an immediate family member or (ii) a trust or other estate-planning vehicle
(collectively, the “Permitted Transferees”), so long as any such Permitted Transferee, as a
condition to such transfer, agrees in writing to be bound by the terms of this Agreement with
respect to the Restricted Shares.

          (a) 100% of the Restricted Shares subject hereto shall become vested and non-forfeitable on
the third anniversary of the Effective Date, provided the Grantee remains in continuous service
with the Company through such date.

 

          (b) Upon cessation of the Service Relationship (hereinafter defined), any Restricted Shares
which then remain forfeitable (determined after application of Section 2(c), below) will
immediately and automatically, without any action on the part of the Company, be forfeited, and the
Grantee will have no further rights with respect to those shares.

          (c) If the Service Relationship (as defined below) terminates due to the Grantee’s
death, or if a Change in Control (as defined below) occurs during the Service Relationship, any
otherwise unvested Restricted Shares will then become vested and non-forfeitable. Similarly, if
the Service Relationship ceases due to a termination by the Company without “Cause”, due to
the Grantee’s “Disability” or due to a resignation by the Grantee with “Good
Reason” (each as defined in that certain Employment Agreement between the Grantee and the
Company dated on or about the closing date of the Transaction (the “Employment Agreement”)), and
the Grantee executes a release of claims in the form and manner described in Section 7(c)(iii) of
the Employment Agreement within the timeframe established in the Employment Agreement, any
otherwise unvested Restricted Shares will become vested and non-forfeitable when such release
becomes irrevocable.

          (d) For purposes of this Agreement, “Service Relationship” means the Grantee’s
employment or service with the Company or its parent or any subsidiary or Affiliate, whether in the
capacity of an employee, director or a consultant. Unless otherwise determined by the Board, the
Grantee’s Service Relationship shall not be deemed to have terminated merely because of a change in
the capacity in which the Grantee renders service to the Company or a transfer between locations of
the Company, its parent or any subsidiary or Affiliate or a transfer between the Company, its
parent, or any subsidiary or Affiliate, provided that there is no interruption or other termination
of the Service Relationship. Subject to the foregoing and the following sentence, the Company, in
its discretion, shall determine whether the Grantee’s Service Relationship has terminated and the
effective date of such termination. The following events shall not be deemed a termination of the
Service Relationship:

               i. an approved leave of absence for sickness, or for any other purpose approved by
the Board; provided, however, that if any such leave exceeds ninety (90) days, then
on the ninety-first (91st) day of such leave, the Grantee’s Service Relationship shall
be deemed to have terminated unless the Grantee’s right to return to service is guaranteed either
by a statute or by contract; and

               ii. notwithstanding the foregoing, unless otherwise designated by the Board or
required by law, a leave of absence shall not be treated as service for purposes of determining
vesting under this Agreement.

          (e) For purposes of this Agreement, the term “Change in Control” means the occurrence
of any one of the following:

               i. Any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934, as amended), other than (a) a trustee or other fiduciary holding securities
under an employee benefit plan of the Company or any of its subsidiaries, (b) a corporation owned
directly or indirectly by the shareholders of the Company in substantially the same proportions as
their ownership of stock of the Company, or (c) Siris Capital Group, LLC or any of its affiliates
is or becomes the “beneficial owner” (as defined in Rule 13d-3 under said Exchange Act), directly
or indirectly, of securities of the Company by reason of having acquired such securities during the
twelve month period ending on the date of the most recent acquisition (not including any securities
acquired directly from the Company) representing 50% or more of the total combined voting power of
the Company’s then outstanding voting securities (the “Voting Stock”);

-2-

 

               ii. the majority of members of the Board is replaced during any 12-month period by
directors whose appointment or election is not endorsed by a majority of the members of the Board
before the date of the appointment or election; or

               iii. consummation of a reorganization, merger or consolidation resulting in a change
described in (i) or (ii) of this definition, or the sale or other disposition of all or
substantially all of the assets of the Company involving 50% or more of the total gross fair market
value of all of the assets of the Company immediately before such sale of assets (a “Business
Combination”), in each case, unless all or substantially all of the individuals and entities who
were the beneficial owners, respectively, of the Voting Stock immediately prior to such Business
Combination beneficially own, directly or indirectly, more than 50% of the total voting power
represented by the voting securities entitled to vote generally in the election of directors of the
corporation resulting from the Business Combination in substantially the same proportions as their
ownership, immediately prior to the Business Combination of the Voting Stock of the Company.

     3. Issuance of Shares.

          (a) The Company will cause the Restricted Shares to be issued in the Grantee’s name either by
book-entry registration or issuance of a stock certificate or certificates.

          (b) While the Restricted Shares remain forfeitable, the Company will cause an appropriate
stop-transfer order to be issued and to remain in effect with respect to the Restricted Shares. As
soon as practicable following the time that any Restricted Share becomes nonforfeitable (and
provided that appropriate arrangements have been made with the Company for the withholding or
payment of any taxes that may be due with respect to such share), the Company will cause that
stop-transfer order to be removed. The Company may also condition delivery of certificates for
Restricted Shares upon receipt from the Grantee of any undertakings, customarily requested of other
similarly situated recipients of restricted stock awards from the Company, that it may promptly
determine are appropriate to facilitate compliance with federal and state securities laws.

          (c) If any certificate is issued in respect of Restricted Shares, that certificate will be
legended and held in escrow by the Company or an agent of the Company. In addition, the Grantee
may be required to execute and deliver to the Company a stock power with respect to those
Restricted Shares. At such time as those Restricted Shares become nonforfeitable, the Company will
cause a new certificate to be issued without that portion of the legend referencing the previously
applicable forfeiture conditions and will promptly cause that new certificate to be delivered to
the Grantee (provided that appropriate arrangements have been made with the Company for the
withholding or payment of any taxes that may be due with respect to such shares).

     4. Substitute Property. If, while any of the Restricted Shares remain subject to
forfeiture, there occurs a merger, reclassification, recapitalization, stock split, stock dividend
or other similar event or transaction resulting in new, substituted or additional securities being
issued or delivered to the Grantee by reason of the Grantee’s ownership of the Restricted Shares,
such securities will constitute “Restricted Shares” for all purposes of this Agreement and
any certificate issued to evidence such securities will immediately be deposited with the secretary
of the Company (or his or her designee) and subject to the escrow described in Section 3, above.

     5. Rights of Grantee During Restricted Period. The Grantee will have the right to
vote the Restricted Shares and to receive dividends and distributions with respect to the
Restricted Shares; provided, however, that any cash dividends or distributions paid in respect of
the Restricted Shares while those shares remain subject to forfeiture will be withheld by the
Company and will be delivered to the

-3-

 

Grantee (without interest and net of any required tax withholding) only if and when the
Restricted Shares giving rise to such dividends or distributions become vested and non-forfeitable.

     6. Securities Laws. The Board may from time to time impose any conditions on the
Restricted Shares as it deems necessary or advisable to ensure that the Restricted Shares are
issued and sold in compliance with the requirements of any stock exchange or quotation system upon
which the shares are then listed or quoted, the Securities Act of 1933 and all other applicable
laws.

     7. Tax Consequences.

          (a) The Grantee acknowledges that the Company has not advised the Grantee regarding the
Grantee’s income tax liability in connection with the grant or vesting of the Restricted Shares.
The Grantee has had the opportunity to review with his or her own tax advisors the federal, state
and local tax consequences of the transactions contemplated by this Agreement. The Grantee is
relying solely on such advisors and not on any statements or representations of the Company or any
of its agents. The Grantee understands that the Grantee (and not the Company) shall be responsible
for the Grantee’s own tax liability that may arise as a result of the transactions contemplated by
this Agreement.

          (b) If the Grantee makes an election under Section 83(b) of the Code with respect to the grant
of the Restricted Shares, the Grantee agrees to notify the Company in writing on the day of such
election. The amount includible in the Grantee’s income as a result of that election will be
subject to tax withholding. The Grantee will be required to remit to the Company in cash, or make
other arrangements reasonably satisfactory to the Company for the satisfaction of such tax
withholding amount; failure to do so within five business days of making the Section 83(b) election
will result in forfeiture of all the Restricted Shares.

     8. The Plan. Although this Award of Restricted Stock is not granted under the Plan,
the terms of the Plan have been incorporated herein by reference. Accordingly, the Grantee agrees
to be bound by all of the terms and conditions of the Plan, as such Plan may be amended from time
to time in accordance with the terms thereof; provided, that no amendment to the Plan after the
date hereof which adversely affects the Grantee’s rights hereunder or interest in the Restricted
Shares will be binding on the Grantee without the Grantee’s prior written agreement (other than any
such amendment which is required under applicable law or rules of the national market system on
which the Company’s securities are traded). This Award of Restricted Stock will be administered by
the Board or its designated Committee, who will have the same authority with respect to this Award
of Restricted Stock as described in Section 4 of the Plan. A copy of the Plan in its present form
has been provided to the Grantee on or prior to the date hereof. All questions regarding the
interpretation of the terms of this Award of Restricted Stock, including all questions regarding
the application and interpretation of Plan provisions incorporated herein, will be determined by
the Board or its designated Committee, whose determination will be final, binding and conclusive.

     9. Covenant Not to Solicit.

          (a) While the Grantee is in service to the Company (or any of its subsidiaries or Affiliates),
and for one year following cessation of the Grantee’s service to the Company (or any of its
subsidiaries or Affiliates) for any reason, the Grantee shall not, directly or indirectly:

               i. cause, solicit, induce or encourage, or attempt to cause, solicit, induce or
encourage, any actual or prospective customer, supplier or independent contractor of the Company or
any of its subsidiaries or Affiliates (including any existing or former customer, supplier or
independent contractor of the Company or any of its subsidiaries or Affiliates and any Person that
becomes a

-4-

 

customer, supplier or independent contractor of the Company or any of its subsidiaries or
Affiliates on or after the date of termination of the Grantee’s service to the Company or any of
its subsidiaries or Affiliates), or any other Person who has a business relationship with the
Company or any of its subsidiaries or Affiliates, to terminate, modify or not establish any such
actual or prospective relationship;

               ii. cause, solicit, induce or encourage, or attempt to cause, solicit, induce or
encourage, any employee or other Person providing service to the Company or any of its subsidiaries
or Affiliates, or any employee or other Person providing service to the Company or any of its
subsidiaries or Affiliates during the immediately preceding rolling twelve (12) month period, to
leave such employment or service, or hire, employ or otherwise engage any such Person; provided
that the foregoing shall not prohibit any general solicitation or advertising activities not
targeted at any such Person.

          (b) Acknowledgements. The Grantee acknowledges that the Restricted Shares would not
be granted in the absence of the Grantee’s agreement to this Section 9.

          (c) Specific Enforcement. The Grantee acknowledges that any breach by the Grantee,
willfully or otherwise, of this Section 9 will cause continuing and irreparable injury to the
Company and its subsidiaries and Affiliates for which monetary damages would not be an adequate
remedy. The Grantee shall not, in any action or proceeding to enforce any of the provisions of
this Section 9, assert the claim or defense that such an adequate remedy at law exists. In the
event of any such breach by the Grantee of any of the provisions of this Section 9, the Company
shall be entitled to injunctive or other similar equitable relief in any court, without any
requirement that a bond or other security be posted, and this Agreement shall not in any way limit
remedies of law or in equity otherwise available to the Company.

          (d) Accounting. If the Grantee breaches any of the provisions of this Section 9, the
Company will have the right and remedy to require the Grantee to account for and pay over to the
Company all compensation, profits, monies, accruals, increments or other benefits derived or
received by the Grantee as the result of such breach. This right and remedy will be in addition
to, and not in lieu of, any other rights and remedies available to the Company under law or in
equity.

          (e) Enforceability in Multiple Jurisdictions. If any court holds the provisions of
this Section 9 unenforceable, it is the intention of the parties hereto that such determination not
bar, or in any way affect, the right of the Company to the relief herein provided in the courts of
any other jurisdiction.

          (f) Disclosure and Extension of Restrictive Covenants. The Grantee shall promptly
disclose the existence and terms of this Section 9 to any party that the Grantee may be employed by
or provide services to while the restrictions of this Section 9 remain in effect. If the Grantee
breaches this Agreement in any respect, the restrictions contained in that section will be extended
for a period equal to the period that the Grantee was in breach.

          (g) Survival. The obligations contained in this Section 9 shall survive the cessation
of any relationship between the Grantee and the Company or its subsidiaries or Affiliates.

          (h) Successors and Assigns. The Company may assign its rights under Section 9 of this
Agreement to any successor to all or substantially all of its assets and business by means of
liquidation, dissolution, merger, consolidation, transfer of assets, or otherwise. The duties and
obligations of the Grantee hereunder are personal to the Grantee and may not be assigned by the
Grantee.

     10. Consent to Electronic Delivery. The Grantee hereby authorizes the Company to
deliver electronically any prospectuses or other documentation related to this Agreement, the Plan
and any other

-5-

 

compensation or benefit plan or arrangement in effect from time to time (including, without
limitation, reports, proxy statements or other documents that are required to be delivered to
participants in such plans or arrangements pursuant to federal or state laws, rules or
regulations). For this purpose, electronic delivery will include, without limitation, delivery by
means of e-mail or e-mail notification that such documentation is available on the Company’s
intranet site. Upon written request, the Company will provide to the Grantee a paper copy of any
document also delivered to the Grantee electronically. The authorization described in this
paragraph may be revoked by the Grantee at any time by written notice to the Company.

     11. Entire Agreement. This Agreement, including the terms incorporated herein by
reference, represents the entire agreement between the parties hereto relating to the subject
matter hereof, and merges and supersedes all prior and contemporaneous discussions, agreements and
understandings of every nature relating to the subject matter hereof. Notwithstanding anything to
the contrary, this Agreement will not supersede any other restrictive covenant agreement between
the Grantee and the Company or any of its Affiliates and the Grantee shall be bound both by the
restrictions set forth in such other restrictive covenants agreements and the restrictions set
forth in this Agreement.

     12. Severability. Whenever possible, each provision and term of this Agreement shall
be interpreted in a manner to be effective and valid, but if any provision or term of this
Agreement is held to be prohibited or invalid, then such provision or term will be ineffective only
to the extent of such prohibition or invalidity, without invalidating or affecting in any manner
whatsoever the remainder of such provision or term or the remaining provisions or terms of this
Agreement. If any of the covenants set forth in this Agreement are held to be unreasonable,
arbitrary or against public policy, such covenants will be considered divisible with respect to
scope, time and geographic area, and in such lesser scope, time and geographic area, will be
effective, binding and enforceable against the Grantee.

     13. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware, without regard to the principles of conflicts of laws. Any
legal proceeding arising out of or relating to this Agreement will be instituted in a state or
federal court in the State of Delaware, and the Grantee and the Company hereby consent to the
personal and exclusive jurisdiction of such court(s) and hereby waive any objection(s) that they
may have to personal jurisdiction, the laying of venue of any such proceeding and any claim or
defense of inconvenient forum.

     14. Amendment. This Agreement may only be amended by a writing signed by each of the
parties hereto.

     15. Execution. This Agreement may be executed, including execution by facsimile
signature, in one or more counterparts, each of which will be deemed an original, and all of which
together shall be deemed to be one and the same instrument.

     16. Clawback.

          (a) Grantee’s Conduct. Notwithstanding anything to the contrary contained herein, if
the Company as a result of misconduct or fraud is required to prepare a financial restatement due
to the material noncompliance of the Company with any financial reporting requirement under the
securities laws, where the Grantee (i) engaged in fraud resulting in such financial restatement, or
(ii) knowingly or through gross negligence engaged in misconduct resulting in such financial
restatement, the Grantee shall forfeit any or all of the Restricted Shares, whether or not vested,
then held by the Grantee and repay to the Company an amount in cash equal to all or any portion of
the sales proceeds received by the Grantee in connection with the sale or other disposition of any
such Restricted Shares during the three-year period preceding the date on which the Company first
determines that it must prepare the financial restatement

-6-

 

(or, if no proceeds were received by the Grantee in any such disposition, an amount equal to
the aggregate fair market value of the Restricted Shares so disposed of, determined as of the date
of such disposition). For the avoidance of doubt, the Grantee’s failure to have personal knowledge
of the conduct of any other individual that contributed to a financial restatement shall not, in
and of itself, be sufficient to trigger this provision.

          (b) Conduct of Others or Errors. Notwithstanding anything to the contrary contained
herein, the Grantee shall repay the Company any amount in excess of what the Grantee should have
received under the terms of the Award for any reason (including without limitation by reason of a
financial restatement, mistake in calculation or other administrative error) with respect to any
sale or other disposition of any Restricted Shares during the three-year period preceding the date
on which the Company first determines that it must prepare the financial restatement or otherwise
first discovers the mistake or error and promptly notifies the Grantee.

          (c) Compliance. The Grantee will agree to revise this Section 16 to the extent
necessary for the Company to comply with any regulatory guidance promulgated under Section 954 of
the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

[signature page follows]

-7-

 

     IN WITNESS WHEREOF, the Company’s duly authorized representative and the Grantee have each
executed this Restricted Stock Award Agreement on the respective date below indicated.

	 	 	 	 	 	 	 
	 	 	MEDQUIST HOLDINGS INC.	 	 
	 
	 	 	 	 	 	 
	 
	 

	 	 	 	 
	 

	 	By	 	 	 	 
	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 

	 	Date:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	GRANTEE	 	 
	 
	 	 	 	 	 	 
	 
	 

	 	 	 	 
	 

	 	Signature	 	 	 	 
	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 

	 	Date:	 	 	 	 
	 

	 	 	 	 	 	 

Signature Page to Restricted Award Agreement

 

Schedule of Differences

Other than with regard to the information set forth below, each Restricted Stock Award Agreement
executed by the persons listed below is substantially the same as this form and each other.

	 	 	 
	 	 	Number of Restricted
	Name	 	Shares Awarded
	Michael Finke

	 	195,894
	 
	 	 
	Detlef Koll

	 	117,536
	 
	 	 
	Jürgen Fritsch

	 	78,358

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