Document:

exv10w1

Exhibit 10.1

EXECUTION VERSION

REVOLVING CREDIT AGREEMENT

among

NISOURCE FINANCE CORP.,

as Borrower,

NISOURCE INC.,

as Guarantor,

THE LENDERS PARTY HERETO,

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH

as Syndication Agent,

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

CITIBANK, N.A.

and

JPMORGAN CHASE BANK, N.A.,

as Co-Documentation Agents

BARCLAYS BANK PLC,

as Administrative Agent,

 

BARCLAYS CAPITAL

CREDIT SUISSE SECURITIES(USA) LLC

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

CITIGROUP GLOBAL MARKETS, INC.

and

J.P. MORGAN SECURITIES LLC

Joint Lead Arrangers and Joint Bookrunners

 

Dated as of March 3, 2011

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE I DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	SECTION 1.01. Defined Terms
	 	 	1	 
	SECTION 1.02. Classification of Loans and Borrowings
	 	 	17	 
	SECTION 1.03. Terms Generally
	 	 	17	 
	SECTION 1.04. Accounting Terms; GAAP
	 	 	18	 
	 
	 	 	 	 
	ARTICLE II THE CREDITS
	 	 	18	 
	 
	 	 	 	 
	SECTION 2.01. Commitments
	 	 	18	 
	SECTION 2.02. Revolving Loans and Revolving Borrowings; Requests for Borrowings
	 	 	19	 
	SECTION 2.03. Swingline Loans
	 	 	21	 
	SECTION 2.04. Letters of Credit
	 	 	22	 
	SECTION 2.05. Funding of Borrowings
	 	 	26	 
	SECTION 2.06. Interest Elections
	 	 	26	 
	SECTION 2.07. Mandatory Termination or Reduction of Commitments
	 	 	27	 
	SECTION 2.08. Mandatory Prepayments
	 	 	27	 
	SECTION 2.09. Optional Reduction of Commitments
	 	 	28	 
	SECTION 2.10. Repayment of Loans; Evidence of Debt
	 	 	28	 
	SECTION 2.11. Optional Prepayment of Loans
	 	 	29	 
	SECTION 2.12. Fees
	 	 	30	 
	SECTION 2.13. Interest
	 	 	31	 
	SECTION 2.14. Alternate Rate of Interest
	 	 	31	 
	SECTION 2.15. Increased Costs
	 	 	32	 
	SECTION 2.16. Break Funding Payments
	 	 	33	 
	SECTION 2.17. Taxes
	 	 	34	 
	SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-Offs
	 	 	35	 
	SECTION 2.19. Mitigation Obligations; Replacement of Lenders
	 	 	36	 
	SECTION 2.20. Defaulting Lenders 
	 	 	37	 
	 
	 	 	 	 
	ARTICLE III CONDITIONS
	 	 	39	 
	 
	 	 	 	 
	SECTION 3.01. Conditions Precedent to the Effectiveness of this Agreement
	 	 	39	 
	SECTION 3.02. Conditions Precedent to Each Extension of Credit
	 	 	40	 
	 
	 	 	 	 
	ARTICLE IV REPRESENTATIONS AND WARRANTIES
	 	 	41	 
	 
	 	 	 	 
	ARTICLE V AFFIRMATIVE COVENANTS
	 	 	43	 
	 
	 	 	 	 
	ARTICLE VI NEGATIVE COVENANTS
	 	 	47	 
	 
	 	 	 	 
	ARTICLE VII FINANCIAL COVENANT
	 	 	51	 
	 
	 	 	 	 
	ARTICLE VIII EVENTS OF DEFAULT
	 	 	51	 
	 
	 	 	 	 
	ARTICLE IX THE ADMINISTRATIVE AGENT
	 	 	54	 
	 
	 	 	 	 
	ARTICLE X GUARANTY
	 	 	57	 
	 
	 	 	 	 
	SECTION 10.01.
The Guaranty
	 	 	57	 

i

 

	 	 	 	 	 
	 	 	Page
	SECTION 10.02. Waivers
	 	 	58	 
	 
	 	 	 	 
	ARTICLE XI MISCELLANEOUS
	 	 	60	 
	 
	 	 	 	 
	SECTION 11.01. Notices
	 	 	60	 
	SECTION 11.02. Waivers; Amendments
	 	 	61	 
	SECTION 11.03. Expenses; Indemnity; Damage Waiver
	 	 	62	 
	SECTION 11.04. Successors and Assigns
	 	 	63	 
	SECTION 11.05. Survival
	 	 	66	 
	SECTION 11.06. Counterparts; Integration; Effectiveness
	 	 	66	 
	SECTION 11.07. Severability
	 	 	67	 
	SECTION 11.08. Right of Setoff
	 	 	67	 
	SECTION 11.09. Governing Law; Jurisdiction; Consent to Service of Process
	 	 	67	 
	SECTION 11.10. WAIVER OF JURY TRIAL
	 	 	68	 
	SECTION 11.11. Headings
	 	 	68	 
	SECTION 11.12. Confidentiality
	 	 	68	 
	SECTION 11.13. USA PATRIOT ACT
	 	 	69	 

 

 

ANNEXES, EXHIBITS AND SCHEDULES

	 	 	 

	ANNEX A

	 	Pricing Grid
	EXHIBIT A

	 	Form of Assignment and Assumption
	EXHIBIT B

	 	Form of Opinion of Schiff Hardin LLP
	SCHEDULE 2.01

	 	Lenders and Commitments
	SCHEDULE 2.04

	 	Transitional Letters of Credit
	SCHEDULE 6.01(e)

	 	Existing Agreements

 

 

     REVOLVING CREDIT AGREEMENT, dated as of March 3, 2011 (this “Agreement”), among NISOURCE
FINANCE CORP., an Indiana corporation, as Borrower (the “Borrower”), NISOURCE INC., a Delaware
corporation (“NiSource”), as Guarantor (the “Guarantor”), the Lead Arrangers and other Lenders from
time to time party hereto, the Co-Documentation Agents party hereto, CREDIT SUISSE AG, CAYMAN
ISLANDS BRANCH, as Syndication Agent and BARCLAYS BANK PLC, as the initial issuing bank in respect
of Letters of Credit (the “Initial LC Bank”) and as administrative agent for the Lenders hereunder
(in such capacity, the “Administrative Agent”).

WITNESSETH:

     WHEREAS, the parties are willing to enter into this Revolving Credit Agreement on the terms
and subject to the conditions herein set forth.

     NOW, THEREFORE, the parties hereto hereby 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 a Loan, or the Loans
comprising such Borrowing, bearing interest at a rate determined by reference to the
Alternate Base Rate.

     “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.

     “Aggregate Commitments” means the aggregate amount of the Commitments of all Lenders,
as in effect from time to time. As of the date hereof, the Aggregate Commitments equal
$1,500,000,000.

     “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) 1.0% per annum plus the LIBO Rate applicable to an Interest
Period of one month on such day (or if such day is not a Business Day, the immediately
preceding Business Day), provided that, for the avoidance of doubt, the LIBO Rate
for any day shall be based on the rate appearing on Reuters Screen LIBOR01 Page (or on any
successor or substitute page of such page) at approximately 11:00 a.m. London time on such
day. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal
Funds Effective Rate or the one-month LIBO Rate shall be

 

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effective from and including the effective date of such change in the Prime Rate, the
Federal Funds Effective Rate or the one-month LIBO Rate, respectively.

     “Applicable Percentage” means, with respect to any Lender, the percentage of the
Aggregate 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 Aggregate Commitment (disregarding any Defaulting Lender’s Commitment)
represented by such Lender’s Commitment. If the Commitments have terminated or expired, the
Applicable Percentages shall be determined based upon the Commitments most recently 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 ABR Loan or Eurodollar
Revolving Loan, or with respect to the Facility Fees and the LC Risk Participation Fee
payable hereunder, as the case may be, the applicable rate per annum determined pursuant to
the Pricing Grid.

     “Arrangers” means each of Barclays Capital, the investment banking division of Barclays
Bank PLC, Credit Suisse Securities (USA) LLC, The Bank of Tokyo-Mitsubishi UFJ, Ltd.,
Citigroup Global Markets, Inc. and J.P. Morgan Securities LLC.

     “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 11.04),
and accepted by the Administrative Agent, in the form of Exhibit A or any other form
approved by the Administrative Agent.

     “Authorized Officer” means the president, chief financial officer or the treasurer of
the Borrower; provided that solely with respect to the submission of a Borrowing Request or
a Swingline Request, “Authorized Officer” shall also mean the assistant treasurer or the
treasury operations manager of the Borrower.

     “Availability Period” means the period from and including the Effective Date to but
excluding the Termination Date.

     “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

 

3

or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or
agreements made by such Person.

     “Barclays” means Barclays Bank PLC, an English banking corporation.

     “Beneficiary” has the meaning set forth in Section 10.01.

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

     “Borrower” means NiSource Finance Corp., an Indiana corporation.

     “Borrowing” means Loans of the same Type and Class, made, converted or continued on the
same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in
effect.

     “Borrowing Request” means a request by the Borrower for a Revolving Borrowing in
accordance with Section 2.02.

     “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, when used in connection with a Eurodollar Loan, the term “Business Day” shall
also exclude any day on which banks are not open for dealings in dollar deposits in the
London interbank market.

     “Capital Lease” means, as to any Person, any lease of real or personal property in
respect of which the obligations of the lessee are required, in accordance with GAAP, to be
capitalized on the balance sheet of such Person.

     “Capital Stock” means any and all shares, interests, participations or other
equivalents (however designated) of capital stock of a corporation, any and all equivalent
ownership interests in a Person other than a corporation (including, but not limited to, all
common stock and preferred stock and partnership, membership and joint venture interests in
a Person), and any and all warrants, rights or options to purchase any of the foregoing.

     “Cash Account” has the meaning set forth in Section 8.01.

     “CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act
of 1980, as amended by the Superfund Amendments and Reauthorization Act, 42, U.S.C. Section
9601 et seq., as amended.

     “Change in Law” means (a) the adoption of any law, rule, regulation or treaty 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 any LC Bank (or, for purposes of Section
2.15(b), by any lending office of such Lender or by such Lender’s or such LC Bank’s holding
company, if any) with any request, guideline or directive (whether or not

 

4

having the force of law) of any Governmental Authority made or issued after the date of
this Agreement; provided however, that notwithstanding anything herein to the contrary, (i)
the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules,
guidelines or directives thereunder or issued in connection therewith shall be deemed to be
a “Change in Law”, regardless of the date enacted, adopted or issued and (ii) all reports,
notes, guidelines and directives promulgated by the Bank for International Settlements, the
Basel Committee on Banking Regulations and Supervisory Practices (or any successor or
similar authority) shall be deemed to be a “Change in Law” regardless of the date executed,
adopted or issued.

     “Change of Control” means (a) any “person” or “group” within the meaning of Sections
13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended, shall become the
“beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as
amended) of more than 50% of the then outstanding voting Capital Stock of the Guarantor, (b)
Continuing Directors shall cease to constitute at least a majority of the directors
constituting the Board of Directors of the Guarantor, (c) a consolidation or merger of the
Guarantor shall occur after which the holders of the outstanding voting Capital Stock of the
Guarantor immediately prior thereto hold less than 50% of the outstanding voting Capital
Stock of the surviving entity; (d) more than 50% of the outstanding voting Capital Stock of
the Guarantor shall be transferred to an entity of which the Guarantor owns less than 50% of
the outstanding voting Capital Stock; (e) there shall occur a sale of all or substantially
all of the assets of the Guarantor; or (f) the Borrower, NIPSCO or Columbia shall cease to
be a Wholly-Owned Subsidiary of the Guarantor (except to the extent otherwise permitted
under clauses (i), (ii), (iii) or (iv) of Section 6.01(b)).

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

     “Co-Documentation Agents” means The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citibank, N.A.
and JPMorgan Chase Bank, N.A., in their respective capacities as co-documentation agents for
the Lenders hereunder.

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

     “Columbia” means Columbia Energy Group, a Delaware corporation.

     “Commitment” means, with respect to each Lender, the commitment of such Lender to make
Revolving Loans hereunder and to participate in Letters of Credit issued hereunder as set
forth herein, as such commitment may be (a) reduced from time to time or terminated pursuant
to Section 2.07 or Section 2.09 and (b) reduced or increased from time to time pursuant to
assignments by or to such Lender pursuant to Section 11.04. The initial amount of each
Lender’s Commitment is (x) the amount set forth on Schedule 2.01 opposite such Lender’s
name; or (y) the amount set forth in the Assignment and Assumption pursuant to which such
Lender shall have assumed its Commitment, as applicable.

 

5

     “Consolidated Capitalization” means the sum of (a) Consolidated Debt, (b) consolidated
common equity of the Guarantor and its Consolidated Subsidiaries determined in accordance
with GAAP, and (c) the aggregate liquidation preference of preferred stocks (other than
preferred stocks subject to mandatory redemption or repurchase) of the Guarantor and its
Consolidated Subsidiaries upon involuntary liquidation.

     “Consolidated Debt” means, at any time, the Indebtedness of the Guarantor and its
Consolidated Subsidiaries that would be classified as debt on a balance sheet of the
Guarantor determined on a consolidated basis in accordance with GAAP.

     “Consolidated Subsidiary” means, on any date, each Subsidiary of the Guarantor the
accounts of which, in accordance with GAAP, would be consolidated with those of the
Guarantor in its consolidated financial statements if such statements were prepared as of
such date.

     “Contingent Guaranty” means a direct or contingent liability in respect of a Project
Financing (whether incurred by assumption, guaranty, endorsement or otherwise) that either
(a) is limited to guarantying performance of the completion of the Project that is financed
by such Project Financing or (b) is contingent upon, or the obligation to pay or perform
under which is contingent upon, the occurrence of any event other than failure of the
primary obligor to pay upon final maturity (whether by acceleration or otherwise).

     “Continuing Directors” means (a) all members of the board of directors of the Guarantor
who have held office continually since the Effective Date, and (b) all members of the board
of directors of the Guarantor who were elected as directors after the Effective Date and
whose nomination for election was approved by a vote of at least 50% of the Continuing
Directors.

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

     “Control” 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 Documents” means (a) this Agreement, any promissory notes executed pursuant to
Section 2.10, and any Assignment and Assumptions, (b) any certificates, opinions and other
documents required to be delivered pursuant to Section 3.01, (c) the Swingline Fee Letter
and (d) any other documents delivered by a Credit Party pursuant to or in connection with
any one or more of the foregoing.

     “Credit Party” means each of the Borrower and the Guarantor; and “Credit Parties” means
the Borrower and the Guarantor, collectively.

 

6

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

     “Debt for Borrowed Money” means, as to any Person, 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 Capital Lease obligations of
such Person, and (d) all obligations of such Person under synthetic leases, tax retention
operating leases, off-balance sheet loans or other off-balance sheet financing products
that, for tax purposes, are considered indebtedness for borrowed money of the lessee but are
classified as operating leases under GAAP.

     “Debt to Capitalization Ratio” means, at any time, the ratio of Consolidated Debt to
Consolidated Capitalization.

     “Default” means any event or condition that constitutes an Event of Default or that,
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 Business Days of
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 Creditor 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 set forth in Section 3.02 (specifically identified and including the particular
default, if any) has not been satisfied, (b) has notified the Borrower or any Creditor 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 a loan under this Agreement set forth in Section 3.02
cannot be satisfied) or generally under other agreements in which it commits to extend
credit, (c) has failed, within three Business Days after request by a Creditor 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 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
Creditor Party’s receipt of such certification in form and substance satisfactory to it and
the Administrative Agent, or (d) has become the subject of a Bankruptcy Event.

     “Dollars” or “$” refers to lawful money of the United States of America.

     “Effective Date” means the date on which this Agreement has been executed and delivered
by each of the Borrower, the Guarantor, the Syndication Agent, the Co-Documentation Agents,
the initial Lenders and the Swingline Lender, the LC Banks and the Administrative Agent.

 

7

     “Environmental Laws” means any and all foreign, federal, state, local or municipal laws
(including, without limitation, common laws), rules, orders, regulations, statutes,
ordinances, codes, decrees, judgments, awards, writs, injunctions, requirements of any
Governmental Authority or other requirements of law regulating, relating to or imposing
liability or standards of conduct concerning, pollution, waste, industrial hygiene,
occupational safety or health, the presence, transport, manufacture, generation, use,
handling, treatment, distribution, storage, disposal or release of Hazardous Materials, or
protection of human health, plant life or animal life, natural resources or the environment,
as now or at any time hereafter in effect.

     “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities),
of the Guarantor or any of its Subsidiaries directly or indirectly resulting from or based
upon (a) violation of any Environmental Law, (b) the generation, use, handling,
transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to
any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials
into the environment or (e) any contract, agreement or other consensual arrangement pursuant
to which liability is assumed or imposed with respect to any of the foregoing.

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time
to time, and the regulations promulgated and rulings issued thereunder.

     “ERISA Affiliate” means any Person who, for purposes of Title IV of ERISA, is a member
of the Guarantor’s controlled group, or under common control with the Guarantor, within the
meaning of Section 414 of the Code and the regulations promulgated and rulings issued
thereunder.

     “ERISA Event” means (a) a reportable event, within the meaning of Section 4043 of
ERISA, unless the 30-day notice requirement with respect thereto has been waived by the
PBGC, (b) the provision by the administrator of any Plan of a notice of intent to terminate
such Plan, pursuant to Section 4041(a)(2) and 4041(c) of ERISA (including any such notice
with respect to a plan amendment referred to in Section 4041(e) of ERISA), (c) the
withdrawal by the Guarantor or an ERISA Affiliate from a Multiple Employer Plan during a
plan year for which it was a substantial employer, as defined in Section 4001(a)(2) of
ERISA, (d) the failure by the Guarantor or any ERISA Affiliate to make a payment to a Plan
required under Section 302 of ERISA, for which Section 303(k) imposes a lien for failure to
make required payments, or (e) the institution by the PBGC of proceedings to terminate a
Plan, pursuant to Section 4042 of ERISA, or the occurrence of any event or condition which
may reasonably be expected to constitute grounds under Section 4042 of ERISA for the
termination of, or the appointment of a trustee to administer, a Plan.

     “Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the
Board, as in effect from time to time.

 

8

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

     “Eurodollar Rate Reserve Percentage” of any Lender for the Interest Period for any
Eurodollar Loan means the reserve percentage applicable during such Interest Period (or if
more than one such percentage shall be so applicable, the daily average of such percentages
for those days in such Interest Period during which any such percentage shall be so
applicable) under regulations issued from time to time by the Board (or any successor) for
determining the maximum reserve requirement (including, without limitation, any emergency,
supplemental or other marginal reserve requirement) for such Lender with respect to
liabilities or assets consisting of or including Eurocurrency Liabilities having a term
equal to such Interest Period.

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

     “Excluded Taxes” means, with respect to the Administrative Agent, any Lender or any
other recipient of any payment to be made by or on account of any obligation of the Borrower
hereunder, (a) income or franchise taxes imposed on (or measured by) its net income or net
earnings by the United States of America, 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 and (b) in case of a Foreign
Lender (other than an assignee pursuant to a request by the Borrower under Section 2.19(d)),
any withholding tax (including FATCA) that (i) is imposed on amounts payable to such Foreign
Lender at the time such Foreign Lender becomes a party to this Agreement, except to the
extent that such Foreign Lender’s assignor (if any) was entitled, at the time of assignment,
to receive additional amounts from the Borrower with respect to such withholding tax
pursuant to Section 2.17(a) or (ii) is attributable to such Foreign Lender’s failure to
comply with Section 2.17 (e) when legally able to do so.

     “Extension of Credit” means (a) the making by any Lender of a Revolving Loan, (b) the
making by the Swingline Lender of any Swingline Loan, (c) the issuance of a Letter of Credit
by any LC Bank or (d) the amendment of any Letter of Credit having the effect of extending
the stated termination date thereof, increasing the LC Outstandings, or otherwise altering
any of the material terms or conditions thereof.

     “Facility Fee” has the meaning set forth in Section 2.12.

     “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement,
and any current or future regulations or official interpretations thereof.

     “Federal Bankruptcy Code” means Title 11 of the United States Code (11 U.S.C. § 101 et
seq.) as now or hereafter in effect, or any successor statute.

     “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

 

9

Reserve Bank of New York, or, if 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 Federal funds brokers of recognized standing selected by it.

     “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction
other than that in which the Borrower is located. For purposes of this definition, the
United States of America, each State thereof and the District of Columbia shall be deemed to
constitute a single jurisdiction.

     “GAAP” means generally accepted accounting principles in the United States of America
consistent with those applied in the preparation of the financial statements referred to in
Section 4.01(e).

     “Governmental Authority” means the government of the United States of America, any
other nation, or any political subdivision of the United States of America or any other
nation, 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 and
includes, in any event, an “Independent System Operator” or any entity performing a similar
function.

     “Granting Lender” has the meaning set forth in Section 11.04.

     “Guarantor” means NiSource.

     “Guaranty” means the guaranty of the Guarantor pursuant to Article X of this Agreement.

     “Hazardous Materials” means any asbestos; flammables; volatile hydrocarbons; industrial
solvents; explosive or radioactive materials; hazardous wastes; toxic substances; liquefied
natural gas; natural gas liquids; synthetic gas; oil, petroleum, or related materials and
any constituents, derivatives, or byproducts thereof or additives thereto; or any other
material, substance, waste, element or compound (including any product) regulated pursuant
to any Environmental Law, including, without limitation, substances defined as “hazardous
substances,” “hazardous materials,” “contaminants,” “pollutants,” “hazardous wastes,” “toxic
substances,” “solid waste,” or “extremely hazardous substances” in (i) CERCLA, (ii) the
Hazardous Materials Transportation Act, 49 U.S.C. Section 1801 et seq., (iii) the Resource
Conservation and Recovery Act, 42 U.S.C. Section 6901 et seq., (iv) the Federal Water
Pollution Control Act, as amended, 33 U.S.C. Section 1251 et seq., (v) the Clean Air Act, 42
U.S.C. Section 7401 et seq., (vi) the Toxic Substances Control Act, 15 U.S.C. Section 2601
et seq., (vii) the Safe Drinking Water Act, 42 U.S.C. Section 300f et seq., or (viii)
foreign, state, local or municipal law, in each case, as may be amended from time to time.

     “Indebtedness” of any Person means (without duplication) (a) Debt for Borrowed Money,
(b) obligations of such Person to pay the deferred purchase price of property or services,
except trade accounts payable arising in the ordinary course of business which

 

10

are not overdue, (c) all obligations, contingent or otherwise, of such Person in
respect of any letters of credit, bankers’ acceptances or interest rate, currency or
commodity swap, cap or floor arrangements, (d) 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, (e) all amounts payable by such Person in
connection with mandatory redemptions or repurchases of preferred stock, and (f) obligations
of such Person under direct or indirect guarantees in respect of, and obligations
(contingent or otherwise) to purchase or otherwise acquire, or otherwise to assure a
creditor against loss in respect of, indebtedness or obligations of others of the kinds
referred to in clauses (a) through (e) above.

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

     “Indemnitee” has the meaning set forth in Section 11.03.

     “Index Debt” means the senior unsecured long-term debt securities of the Borrower,
without third-party credit enhancement provided by a Person other than the Guarantor.

     “Information” has the meaning set forth in Section 11.12.

     “Initial LC Bank” has the meaning given to such term in the introductory paragraph
hereof.

     “Insufficiency” means, with respect to any Plan, the amount, if any, by which the
present value of all vested and unvested accrued benefits under such Plan exceeds the fair
market value of assets allocable to such benefits, all determined as of the then most recent
valuation date for such Plan using actuarial assumptions used in determining such Plan’s
normal cost for purposes of Section 412(b)(2)(A) of the Code.

     “Interest Election Request” means a request by the Borrower to convert or continue a
Revolving Borrowing in accordance with Section 2.06.

     “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
Eurodollar 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 Eurodollar Borrowing with an Interest Period of
more than three months’ duration, the day that is three months after the first day of such
Interest Period, (c) with respect to any Swingline Loan, the date such Swingline Loan is
required to be repaid and (d) with respect to any Loan, the Termination Date.

     “Interest Period” means with respect to any Eurodollar Borrowing, the period commencing
on the date of such Borrowing and ending on the numerically corresponding day in the
calendar month that is one, two, three or six months thereafter, as the Borrower may elect;
provided that (a) 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

 

11

unless 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 (b) any
Interest Period 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.

     “LC Bank” means the Initial LC Bank or any other Lender approved by the Borrower that
may agree to issue Letters of Credit pursuant to an Assignment and Assumption or other
agreement in form satisfactory to the Borrower and the Administrative Agent, so long as such
Lender expressly agrees to perform in accordance with their terms all of the obligations
that by the terms of this Agreement are required to be performed by it as an LC Bank and
notifies the Administrative Agent of its applicable lending office (which information shall
be recorded by the Administrative Agent in the Register), for so long as such Initial LC
Bank or Lender, as the case may be, shall have a Letter of Credit Commitment.

     “LC Exposure” means, at any time, the sum of (a) the LC Outstandings at such time plus
(b) the aggregate amount of all Unreimbursed LC Disbursements 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.

     “LC Outstandings” means, for any date of determination, the aggregate maximum amount
available to be drawn under all Letters of Credit outstanding on such date (assuming the
satisfaction of all conditions for drawing enumerated therein).

     “LC Risk Participation Fee” has the meaning set forth in Section 2.12.

     “Lenders” means (a) the Persons listed on Schedule 2.01, including any such Person
identified thereon or in the signature pages hereto as a Lead Arranger, and any other Person
that shall have become a party hereto pursuant to an Assignment and Assumption, other than
any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption,
(b) the Swingline Lender in respect of the Swingline Loans made by it and (c) if and to the
extent so provided in Section 2.04(c), the applicable LC Bank.

     “Letter of Credit” means a standby letter of credit issued by the applicable LC Bank
pursuant to the terms of this Agreement, together with the letters of credit deemed issued
hereunder pursuant to Section 2.04(h), in each case, as such letter of credit may from time
to time be amended, modified or extended in accordance with the terms of this Agreement.

     “Letter of Credit Commitment” means, with respect to each LC Bank, the obligation of
such LC Bank to issue Letters of Credit for the account of the Borrower

 

12

from time to time in an aggregate amount equal to (a) for the Initial LC Bank,
$500,000,000 and (b) for any other LC Bank, as separately agreed to by such LC Bank and the
Borrower. The Letter of Credit Commitment is part of, and not in addition to, the
Commitments.

     “LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period,
the rate appearing on Reuters Screen LIBOR01 Page (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 dollar deposits in the London interbank market) at approximately 11:00
a.m., London time, two Business Days prior to the commencement of such Interest Period, as
the rate for dollar deposits 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 Eurodollar Borrowing for such Interest Period shall be the rate at which
Dollar deposits 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 Business
Days prior to the commencement of such Interest Period.

     “Lien” has the meaning set forth in Section 6.01(a).

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

     “Margin Stock” means margin stock within the meaning of Regulations U and X issued by
the Board.

     “Material Adverse Effect” means a material adverse effect on (a) the business, assets,
operations, condition (financial or otherwise) or prospects of the Guarantor and its
Subsidiaries taken as a whole; (b) the validity or enforceability of any of Credit Documents
or the rights, remedies and benefits available to the Administrative Agent and the Lenders
thereunder; or (c) the ability of the Borrower or the Guarantor to consummate the
Transactions.

     “Material Subsidiary” means at any time the Borrower, NIPSCO, Columbia, and each
Subsidiary of the Guarantor, other than the Borrower, NIPSCO and Columbia, in respect of
which:

     (a) the Guarantor’s and its other Subsidiaries’ investments in and advances to such
Subsidiary and its Subsidiaries exceed 10% of the consolidated total assets of the Guarantor
and its Subsidiaries taken as a whole, as of the end of the most recent fiscal year; or

     (b) the Guarantor’s and its other Subsidiaries’ proportionate interest in the total
assets (after intercompany eliminations) of such Subsidiary and its Subsidiaries

 

13

exceeds 10% of the consolidated total assets of the Guarantor and its Subsidiaries as
of the end of the most recent fiscal year; or

     (c) the Guarantor’s and its other Subsidiaries’ equity in the income from continuing
operations before income taxes, extraordinary items and cumulative effect of a change in
accounting principles of such Subsidiary and its Subsidiaries exceeds 10% of the
consolidated income of the Guarantor and its Subsidiaries for the most recent fiscal year.

     “Moody’s” means Moody’s Investors Service, Inc., and any successor thereto.

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

     “Multiple Employer Plan” means a single employer plan, as defined in Section
4001(a)(15) of ERISA, which (a) is maintained for employees of the Borrower or an ERISA
Affiliate and at least one Person other than the Borrower and its ERISA Affiliates, or (b)
was so maintained and in respect of which the Borrower or an ERISA Affiliate could have
liability under Section 4064 or 4069 of ERISA in the event that such plan has been or were
to be terminated.

     “NIPSCO” means Northern Indiana Public Service Company, an Indiana corporation.

     “Non-Recourse Debt” means Indebtedness of the Guarantor or any of its Subsidiaries
which is incurred in connection with the acquisition, construction, sale, transfer or other
disposition of specific assets, to the extent recourse, whether contractual or as a matter
of law, for non-payment of such Indebtedness is limited (a) to such assets or (b) if such
assets are (or are to be) held by a Subsidiary formed solely for such purpose, to such
Subsidiary or the Capital Stock of such Subsidiary.

     “Obligations” means all amounts, direct or indirect, contingent or absolute, of every
type or description, and at any time existing and whenever incurred (including, without
limitation, after the commencement of any bankruptcy proceeding), owing to the
Administrative Agent or any Lender pursuant to the terms of this Agreement or any other
Credit Document.

     “Other Taxes” means any and all present or future stamp or documentary taxes or any
other excise or property taxes, charges or similar levies arising from any payment made
hereunder or from the execution, delivery or enforcement of, or otherwise with respect to,
this Agreement.

     “Outstanding Loans” means, as to any Lender at any time, the aggregate principal amount
of all Loans made or maintained by such Lender then outstanding; provided, however, that for
purposes of any calculation of the Outstanding Loans, any then outstanding Swingline Loans
shall be deemed allocated among the Lenders (other than the Swingline Lender in its capacity
as such) in accordance with their respective Applicable Percentages.

 

14

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

     “Participant” has the meaning set forth in Section 11.04.

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

     “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.

     “Pricing Grid” means the pricing grid attached hereto as Annex A.

     “Prime Rate” means the rate of interest per annum publicly announced from time to time
by Barclays as its prime rate in effect at its principal office in New York City; each
change in the Prime Rate shall be effective from and including the date such change is
publicly announced as being effective.

     “Project” means an energy or power generation, transmission or distribution facility
(including, without limitation, a thermal energy generation, transmission or distribution
facility and an electric power generation, transmission or distribution facility (including,
without limitation, a cogeneration facility)), a gas production, transportation or
distribution facility, or a minerals extraction, processing or distribution facility,
together with (a) all related electric power transmission, fuel supply and fuel
transportation facilities and power supply, thermal energy supply, gas supply, minerals
supply and fuel contracts, (b) other facilities, services or goods that are ancillary,
incidental, necessary or reasonably related to the marketing, development, construction,
management, servicing, ownership or operation of such facility, (c) contractual arrangements
with customers, suppliers and contractors in respect of such facility, and (d) any
infrastructure facility related to such facility, including, without limitation, for the
treatment or management of waste water or the treatment or remediation of waste, pollution
or potential pollutants.

     “Project Financing” means Indebtedness incurred by a Project Financing Subsidiary to
finance (a) the development and operation of the Project such Project Financing Subsidiary
was formed to develop or (b) activities incidental thereto; provided that such Indebtedness
does not include recourse to the Guarantor or any of its other Subsidiaries other than (x)
recourse to the Capital Stock in any such Project Financing Subsidiary, and (y) recourse
pursuant to a Contingent Guaranty.

     “Project Financing Subsidiary” means any Subsidiary of the Guarantor (a) that (i) is
not a Material Subsidiary, and (ii) whose principal purpose is to develop a Project

 

15

and activities incidental thereto (including, without limitation, the financing and
operation of such Project), or to become a partner, member or other equity participant in a
partnership, limited liability company or other entity having such a principal purpose, and
(b) substantially all the assets of which are limited to the assets relating to the Project
being developed or Capital Stock in such partnership, limited liability company or other
entity (and substantially all of the assets of any such partnership, limited liability
company or other entity are limited to the assets relating to such Project); provided that
such Subsidiary incurs no Indebtedness other than in respect of a Project Financing.

     “Register” has the meaning set forth in Section 11.04.

     “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.

     “Request for Issuance” has the meaning set forth in Section 2.04.

     “Required Lenders” means, subject to the terms of Section 2.20, Lenders having more
than 50% in aggregate amount of the Commitments, or if the Commitments shall have been
terminated, of the Total Outstanding Principal.

     “Responsible Officer” of a Credit Party means any of (a) the President, the chief
financial officer, the chief accounting officer and the Treasurer of such Credit Party and
(b) any other officer of such Credit Party whose responsibilities include monitoring
compliance with this Agreement.

     “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 2.02.

     “S&P” means Standard & Poor’s Ratings Group, a division of The McGraw Hill Companies,
Inc., and any successor thereto.

     “Subsidiary” means, with respect to any Person, any corporation or other entity of
which at least a majority of the outstanding shares of stock or other ownership interests
having by the terms thereof ordinary voting power to elect a majority of the board of
directors or other managers of such corporation or other entity (irrespective of whether or
not at the time stock or other equity interests of any other class or classes of such
corporation or other entity shall have or might have voting power by reason of the happening
of any contingency) is at the time directly or indirectly owned or controlled by such Person
or one or more of the Subsidiaries of such Person.

     “Substantial Subsidiaries” has the meaning set forth in Section 8.01.

     “Swingline Commitment” means, for the Swingline Lender, the amount set forth as the
Swingline Lender’s Swingline Commitment on Schedule 2.01 hereto.

 

16

     “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 Facility Amount” has the meaning specified in Section 2.01(b).

     “Swingline Fee Letter” means that certain fee letter dated March 3, 2011, executed and
delivered with respect to the credit facility provided for herein.

     “Swingline Loan” means a loan made by the Swingline Lender pursuant to the terms of
this Agreement.

     “Swingline Lender” means Barclays and any successor thereto pursuant to Section
2.03(d).

     “Swingline Rate” means the interest rate for Swingline Loans set forth in the Swingline
Fee Letter.

     “Swingline Request” means a request by the Borrower for the Swingline Lender to make a
Swingline Loan, which shall contain the information in respect of such requested Swingline
Loan specified in Section 2.03(b) and shall be delivered to the Swingline Lender and the
Administrative Agent in writing, or by telephone, immediately confirmed in writing.

     “Syndication Agent” means Credit Suisse AG, Cayman Islands Branch, in its capacity as
syndication agent for the Lenders hereunder.

     “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, penalties and additions to tax imposed thereon or in connection
therewith.

     “Termination Date” means the earliest of (a) March 3, 2015 and (b) the date upon which
the Commitments are terminated pursuant to Section 8.1 or otherwise.

     “Total Outstanding Principal” means the aggregate amount of the Outstanding Loans of
all Lenders plus the aggregate LC Exposure.

     “Transactions” means the execution, delivery and performance by the Borrower and the
Guarantor of this Agreement and the Borrowing of Loans and issuances 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 LIBO Rate or the Alternate Base Rate.

     “Unreimbursed LC Disbursement” means the unpaid obligation (or, if the context so
requires, the amount of such obligation) of the Borrower to reimburse the

 

17

applicable LC Bank for a payment made by such LC Bank under a Letter of Credit, but
shall not include any portion of such obligation that has been repaid with the proceeds of,
or converted to, Loans hereunder.

     “Utility Subsidiary” means a Subsidiary of the Guarantor that is subject to regulation
by a Governmental Authority (federal, state or otherwise) having authority to regulate
utilities, and any Wholly-Owned Subsidiary thereof.

     “Wholly-Owned Subsidiary” means, with respect to any Person, any corporation or other
entity of which all of the outstanding shares of stock or other ownership interests in
which, other than directors’ qualifying shares (or the equivalent thereof), are at the time
directly or indirectly owned or controlled by such Person or one or more of the Subsidiaries
of such Person.

     “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
Sections 4201, 4203 and 4205 of ERISA.

     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 “Eurodollar Loan”) or by Class and Type (e.g., a “Eurodollar
Revolving Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving
Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g., a “Eurodollar
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 “or” shall not be exclusive.
The word “will” shall be construed to have the same meaning and effect as the word “shall”. The
word “law” shall be construed as referring to all statutes, rules, regulations, codes and other
laws (including official rulings and interpretations thereunder having the force of law or with
which affected Persons customarily comply), and all judgments, orders and decrees, of all
Governmental Authorities. 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, restated, supplemented or
otherwise modified (subject to any restrictions on such amendments, restatements, supplements or
modifications set forth herein), (b) any definition of or reference to any statute, rule or
regulation shall be construed as referring thereto as from time to time amended, supplemented or
otherwise modified (including by succession of comparable successor laws), (c) any reference herein
to any Person shall be construed to include such Person’s successors and assigns, (d) the words
“herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to
this Agreement in its entirety and not to any particular provision hereof, (e) 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 (f) 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

 

18

properties, including cash,
securities, accounts and contract rights. The terms “knowledge of”, “awareness of” and “receipt of
notice of” in relation to a Credit Party, and other similar expressions, mean knowledge of,
awareness of, or receipt of notice by, a Responsible Officer of such Credit Party.

     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 Effective Date 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 (i) without
giving effect to any election under Accounting Standards Codification 825-10-25 (previously
referred to as Statement of Financial Accounting Standards 159) (or any other Accounting Standards
Codification or 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 and (ii) without giving effect to any treatment of Indebtedness in respect of convertible
debt instruments under Financial Accounting Standards Board Staff Position APB 14-1 to value any
such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness
shall at all times be valued at the full stated principal amount thereof.

ARTICLE II

THE CREDITS

     SECTION 2.01. Commitments.

     (a) Subject to the terms and conditions set forth herein, each Lender agrees to make Revolving
Loans to the Borrower from time to time during the Availability Period in an aggregate principal
amount that will not result in (i) such Lender’s Revolving Credit Exposure exceeding such Lender’s
Commitment or (ii) the sum of the Revolving Credit Exposures of all of the Lenders exceeding the
Aggregate Commitments.

     (b) Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make
Swingline Loans to the Borrower from time to time during the Availability Period in an aggregate
principal amount that will not result in (i) the aggregate principal amount of all Swingline Loans
made by the Swingline Lender then outstanding under this Agreement exceeding the Swingline Lender’s
Swingline Commitment, (ii) the aggregate principal amount of
all Swingline Loans then outstanding under this Agreement exceeding $250,000,000 (the
“Swingline Facility Amount”), (iii) any Lender’s Revolving Credit Exposure exceeding such

 

19

Lender’s
Commitment or (iv) the sum of the Revolving Credit Exposures of all of the Lenders exceeding the
Aggregate Commitments.

     (c) Subject to the terms and conditions set forth herein, each LC Bank agrees to issue, extend
or amend Letters of Credit and each Lender agrees to participate in such Letters of Credit, in each
case as set forth herein, from time to time during the Availability Period in an aggregate stated
amount that will not result in (i) the aggregate LC Outstandings under this Agreement exceeding
$500,000,000, (ii) any Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment, (iii)
the aggregate LC Outstandings of all Letters of Credit issued by any LC Bank exceeding at any time
such LC Bank’s Letter of Credit Commitment or (iii) the sum of the Revolving Credit Exposures of
all of the Lenders exceeding the Aggregate Commitments.

     (d) Within the foregoing limits and subject to the terms and conditions set forth herein, the
Borrower may borrow, prepay and reborrow Revolving Loans and Swingline Loans and request the
issuance, extension or amendment of Letters of Credit.

     SECTION 2.02. Revolving Loans and Revolving Borrowings; Requests for Borrowings.

     (a) Each Revolving Loan (other than a Swingline 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. Any Swingline Loan shall be made in accordance with the procedures set forth in Section
2.03.

     (b) Subject to Section 2.14, each Revolving Borrowing shall be comprised entirely of ABR Loans
or Eurodollar Loans as the Borrower may request in accordance herewith. Each Lender at its option
may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender
to make such Loan; 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 Eurodollar Revolving Borrowing, such
Borrowing shall be in an aggregate amount that is an integral multiple of $5,000,000 and not less
than $10,000,000. At the time that each ABR Revolving Borrowing is made, such Borrowing shall be
in an aggregate amount that is an integral multiple of $1,000,000; provided that an ABR Revolving
Borrowing may be to an aggregate amount that is equal to the entire unused balance of the Aggregate
Commitments. 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 ten Eurodollar Revolving
Borrowings outstanding under this Agreement.

     (d) To request a Revolving Borrowing, the Borrower shall notify the Administrative Agent of
such request by telephone (a) in the case of a Eurodollar Borrowing, not later than
11:00 a.m., New York City time, three Business Days before the date of the proposed Borrowing
or (b) in the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the

 

20

Business Day before the date of the proposed Borrowing. Each such telephonic Borrowing Request
shall be irrevocable and shall be 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 an Authorized Officer of the Borrower. Each such telephonic and written Borrowing
Request shall specify the following information:

     (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 Eurodollar Borrowing; and

     (iv) in the case of a Eurodollar Borrowing, the initial Interest Period to be
applicable thereto, which shall be a period contemplated by the definition of the term
“Interest Period”.

If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an
ABR Borrowing. If no Interest Period is specified with respect to any requested Eurodollar
Revolving Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one
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.

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

 

21

     SECTION 2.03. Swingline Loans.
(a) Each Swingline Loan to be made by the Swingline Lender shall be made on notice given
by the Borrower to the Swingline Lender and the Administrative Agent via fax transmission in
accordance with Section 11.01 hereof not later than 11:00 A.M. (New York City time) on the
borrowing date of the proposed Swingline Loan (which shall be a Business Day) or such later time as
the Swingline Lender and the Administrative Agent may agree. Each such notice (a “Swingline
Request”) shall specify the requested borrowing date of such Swingline Loan, the amount thereof and
the maturity date thereof (which shall be a Business Day not later than five days from the date
such Swingline Loan is to be made). Upon receipt of any Swingline Request, the Swingline Lender
shall give to the Administrative Agent prompt notice thereof by fax transmission, and shall notify
the Borrower and the Administrative Agent of the Swingline Rate to be applicable thereto. The
Swingline Lender shall, before 2:00 P.M. (New York City time) on the borrowing date of such
Swingline Loan, make such Swingline Loan available to the Administrative Agent, in same day funds,
and, after the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable
conditions set forth in Article III, the Administrative Agent will make such funds available to the
Borrower to an account within the United States of America specified in the relevant Swingline
Request or, if not so specified, in accordance with Section 2.05.

     (b) Each Swingline Loan shall bear interest at the Swingline Rate and shall mature on the
first to occur of: (i) the date specified in the relevant Swingline Request, (ii) the date that is
five days following the date such Swingline Loan was made and (iii) the Termination Date. At no
time shall more than a total of two Swingline Loans be outstanding under this Agreement.

     (c) At any time upon written demand by the Swingline Lender, with a copy of such demand to the
Administrative Agent, and automatically upon the occurrence of an Event of Default, each other
Lender shall purchase from the Swingline Lender, and the Swingline Lender shall sell and assign to
each such other Lender, such other Lender’s pro rata share (based on its Applicable Percentage) of
the Swingline Loans of the Swingline Lender outstanding as of the date of such demand or
occurrence, as the case may be, by making available to the Administrative Agent for the account of
the Swingline Lender an amount in same day funds equal to the portion of the principal amount of
each outstanding Swingline Loan to be purchased by such Lender. The Borrower hereby agrees to each
such sale and assignment. Each Lender agrees to pay to the Administrative Agent for the account of
the Swingline Lender its pro rata share (based on its Applicable Percentage) of each outstanding
Swingline Loan purchased pursuant to this clause (c) on (i) the Business Day on which demand
therefor is made by the Swingline Lender, provided, that, notice of such demand is received by such
Lender not later than 11:00 A.M. (New York City time) on such Business Day, (ii) the first Business
Day next succeeding such demand, if notice of such demand is received after such time or (iii) the
first Business Day next succeeding the date such Lender has actual knowledge of the occurrence of
such Event of Default. Upon any such assignment by the Swingline Lender to any other Lender of a
portion of any Swingline Loan, the Swingline Lender represents and warrants to such other Lender
that the Swingline Lender is the legal and beneficial owner of the interest being assigned by it,
but makes no other representation or warranty and assumes no responsibility with respect to such
Swingline Loan, the Credit Documents or the Borrower. If and to the extent that any Lender shall
not have so made its participated portion of such Swingline Loan or portion thereof available to
the Administrative Agent for the account of the Swingline Lender, such Lender agrees to pay to the
Swingline Lender forthwith on demand such amount together with interest

 

22

thereon for each day from the date of demand by the Swingline Lender until the date such
amount is paid to the Swingline Lender, at the Federal Funds Effective Rate. If such Lender shall
pay such amount to the Swingline Lender on any Business Day, such amount so paid in respect of
principal shall constitute an ABR Revolving Loan made by such Lender on such Business Day for all
purposes of this Agreement, and the outstanding principal amount of the relevant Swingline Loan(s)
shall be reduced accordingly by such amount on such Business Day. The obligation of each other
Lender to purchase its pro rata share of the Swingline Lender’s Swingline Loans in accordance with
this subsection shall be absolute and unconditional, notwithstanding the occurrence of any
circumstances, including, without limitation any Event of Default or any setoff, deduction or other
defense asserted by the Borrower or any other Person, except that any Lender shall have the right
to bring suit against the Swingline Lender, and the Swingline Lender shall be liable to such
Lender, to the extent of any direct, as opposed to consequential, damages suffered by such Lender
which such Lender proves were caused by the Swingline Lender’s wilful misconduct or gross
negligence.

     (d) Subject to the appointment and acceptance of a successor Swingline Lender as provided in
this paragraph, the Borrower may, upon not less than ten (10) Business Days prior notice to the
Administrative Agent and the Lenders, replace the existing Swingline Lender with the consent of the
Administrative Agent (which consent shall not unreasonably be withheld). Upon the acceptance of
its appointment as Swingline Lender hereunder by a successor, such successor shall succeed to and
become vested with all the rights, powers, privileges and duties of the replaced Swingline Lender,
and the replaced Swingline Lender shall be discharged from its duties and obligations hereunder.
The fees payable by the Borrower to a successor Swingline Lender shall be as agreed between the
Borrower and such successor. After the Swingline Lender’s replacement hereunder, the provisions of
this Article and Section 11.03 shall continue in effect for its benefit in respect of any actions
taken or omitted to be taken by it while it was acting as Swingline Lender.

     SECTION 2.04. Letters of Credit

     (a) LC Banks. Subject to the terms and conditions hereof, the Borrower may from time to time
request any LC Bank to issue, extend or amend one or more Letters of Credit hereunder. Any such
request by the Borrower shall be notified to the Administrative Agent at least five Business Days
prior to the date upon which the Borrower proposes that the applicable LC Bank issue, extend or
amend such Letter of Credit. At no time shall (i) the aggregate LC Outstandings exceed the sum of
the Commitments, (ii) the sum of the aggregate LC Outstandings under this Agreement exceed
$500,000,000 or (iii) the aggregate LC Outstandings of all Letters of Credit issued by any LC Bank
exceed at any time such LC Bank’s Letter of Credit Commitment.

     (b) Letters of Credit. Each Letter of Credit shall be issued (or the stated maturity thereof
extended or terms thereof modified or amended) on not less than five Business Days’ prior written
notice thereof to the Administrative Agent (which shall promptly distribute copies thereof to the
Lenders) and the applicable LC Bank. Each such notice (a “Request for Issuance”) shall specify (i)
the date (which shall be a Business Day) of issuance of such Letter of Credit (or the date of
effectiveness of such extension, modification or amendment) and the stated expiry date thereof
(which shall be not later than the Termination Date), (ii) the proposed stated amount of such
Letter of Credit and (iii) such other information as shall demonstrate compliance of such

 

23

Letter of Credit with the requirements specified therefor in this Agreement. Each Request for
Issuance shall be irrevocable unless modified or rescinded by the Borrower not less than two days
prior to the proposed date of issuance (or effectiveness) specified therein. If the applicable LC
Bank shall have approved the form of such Letter of Credit (or such extension, modification or
amendment thereof), such LC Bank shall not later than 11:00 A.M. (New York City time) on the
proposed date specified in such Request for Issuance, and upon fulfillment of the applicable
conditions precedent and the other requirements set forth herein and as otherwise agreed to between
such LC Bank and the Borrower, issue (or extend, amend or modify) such Letter of Credit and provide
notice and a copy thereof to the Administrative Agent. The Administrative Agent shall furnish (x)
to each Lender, a copy of such notice and (y) to each Lender that may so request, a copy of such
Letter of Credit.

     (c) Reimbursement on Demand. Subject to the provisions of Section 2.04(d) hereof, the
Borrower hereby agrees to pay (whether with the proceeds of Loans made pursuant to this Agreement
or otherwise) to the applicable LC Bank on demand (i) on and after each date on which such LC Bank
shall pay any amount under any Letter of Credit issued by such LC Bank a sum equal to such amount
so paid (which sum shall constitute a demand loan from such LC Bank to the Borrower from the date
of such payment by such LC Bank until so paid by the Borrower), plus (ii) interest on any amount
remaining unpaid by the Borrower to such LC Bank under clause (i), above, from the date such sum
becomes payable on demand until payment in full, at a rate per annum which is equal to 2% plus the
then applicable Alternate Base Rate until paid in full.

     (d) Loans for Unreimbursed LC Disbursements. If any LC Bank shall make any payment under any
Letter of Credit and if the conditions precedent set forth in Section 3.02 of this Agreement have
been satisfied as of the date of such honor, then, each Lender’s payment made to such LC Bank
pursuant to paragraph (c) of this Section 2.04 in respect of such Unreimbursed LC Disbursement
shall be deemed to constitute an ABR Loan made for the account of the Borrower by such Lender.
Each such ABR Loan shall mature and be due and payable on the earlier of (i) the first March 31,
June 30, September 30 or December 31 to occur following the date such ABR Loan is made and (ii) the
Termination Date.

     (e) Participation; Reimbursement of the LC Banks.

     (i) Upon the issuance of any Letter of Credit by any LC Bank (and, in the case of the
Letters of Credit identified on Schedule 2.04, on the Effective Date), such LC Bank hereby
sells and transfers to each Lender, and each Lender hereby acquires from such LC Bank, an
undivided interest and participation to the extent of such Lender’s Applicable Percentage in
and to such Letter of Credit, including the obligations of such LC Bank under and in respect
thereof and the Borrower’s reimbursement and other obligations in respect thereof, whether
now existing or hereafter arising.

     (ii) If any LC Bank shall not have been reimbursed in full for any payment made by such
LC Bank under any Letter of Credit issued by such LC Bank on the date of such payment, such
LC Bank shall promptly notify the Administrative Agent and the Administrative Agent shall
promptly notify each Lender of such non-reimbursement and the amount thereof. Upon receipt
of such notice from the Administrative Agent, each

 

24

Lender shall pay to the Administrative Agent for the account of such LC Bank an amount
equal to such Lender’s Applicable Percentage of such Unreimbursed LC Disbursement, plus
interest on such amount at a rate per annum equal to the Federal Funds Rate from the date of
such payment by such LC Bank to the date of payment to such LC Bank by such Lender. All
such payments by each Lender shall be made in United States dollars and in same day funds
not later than 3:00 P.M. (New York City time) on the later to occur of (A) the Business Day
immediately following the date of such payment by the applicable LC Bank and (B) the
Business Day on which such Lender shall have received notice of such non-reimbursement;
provided, however, that if such notice is received by such Lender later than 11:00 A.M. (New
York City time) on such Business Day, such payment shall be payable on the next Business
Day. Each Lender agrees that each such payment shall be made without any offset, abatement,
withholding or reduction whatsoever. If a Lender shall have paid to the applicable LC Bank
its ratable portion of any Unreimbursed LC Disbursement, together with all interest thereon
required by the second sentence of this subparagraph (ii), such Lender shall be entitled to
receive its ratable share of all interest paid by the Borrower in respect of such
Unreimbursed LC Disbursement. If such Lender shall have made such payment to the applicable
LC Bank, but without all such interest thereon required by the second sentence of this
subparagraph (ii), such Lender shall be entitled to receive its ratable share of the
interest paid by the Borrower in respect of such Unreimbursed LC Disbursement only from the
date it shall have paid all interest required by the second sentence of this subparagraph
(ii).

     (iii) The failure of any Lender to make any payment to the applicable LC Bank in
accordance with subparagraph (ii) above, shall not relieve any other Lender of its
obligation to make payment, but neither such LC Bank nor any Lender shall be responsible for
the failure of any other Lender to make such payment. If any Lender shall fail to make any
payment to the applicable LC Bank in accordance with subparagraph (ii) above, then such
Lender shall pay to such LC Bank forthwith on demand such corresponding amount together with
interest thereon, for each day until the date such amount is repaid to such LC Bank at the
Federal Funds Rate. Nothing herein shall in any way limit, waive or otherwise reduce any
claims that any party hereto may have against any non-performing Lender.

     (f) Obligations Absolute. The payment obligations of each Lender under Section 2.04(e) and of
the Borrower under Section 2.04(c) of this Agreement in respect of any payment under any Letter of
Credit and any Loan made under Section 2.04(d) shall be unconditional and irrevocable, and shall be
paid strictly in accordance with the terms of this Agreement under all circumstances, including,
without limitation, the following circumstances:

     (i) any lack of validity or enforceability of any Credit Document or any other
agreement or instrument relating thereto or to such Letter of Credit;

     (ii) any amendment or waiver of, or any consent to departure from, all or any of the
Credit Documents;

     (iii) the existence of any claim, set-off, defense or other right which the Borrower
may have at any time against any beneficiary, or any transferee, of such Letter

 

25

of Credit (or any Persons for whom any such beneficiary or any such transferee may be
acting), any LC Bank, or any other Person, whether in connection with this Agreement, the
transactions contemplated herein or by such Letter of Credit, or any unrelated transaction;

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

     (v) payment in good faith by the applicable LC Bank under the Letter of Credit issued
by such LC Bank against presentation of a draft or certificate which does not comply with
the terms of such Letter of Credit; or

     (vi) any other circumstance or happening whatsoever, whether or not similar to any of
the foregoing.

     (g) Liability of LC Banks and the Lenders. The Borrower assumes all risks of the acts and
omissions of any beneficiary or transferee of any Letter of Credit. Neither the LC Banks, the
Lenders nor any of their respective officers, directors, employees, agents or Affiliates shall be
liable or responsible for (i) the use that may be made of such Letter of Credit or any acts or
omissions of any beneficiary or transferee thereof in connection therewith; (ii) the validity,
sufficiency or genuineness of documents, or of any endorsement thereon, even if such documents
should prove to be in any or all respects invalid, insufficient, fraudulent or forged; (iii)
payment by any LC Bank against presentation of documents that do not comply with the terms of such
Letter of Credit, including failure of any documents to bear any reference or adequate reference to
such Letter of Credit; or (iv) any other circumstances whatsoever in making or failing to make
payment under such Letter of Credit, except that the Borrower or any Lender shall have the right to
bring suit against the applicable LC Bank, and such LC Bank shall be liable to the Borrower and any
Lender, to the extent of any direct, as opposed to consequential, damages suffered by the Borrower
or such Lender which the Borrower or such Lender proves were caused by such LC Bank’s wilful
misconduct or gross negligence, including such LC Bank’s wilful or grossly negligent failure to
make timely payment under such Letter of Credit following the presentation to it by the beneficiary
thereof of a draft and accompanying certificate(s) which strictly comply with the terms and
conditions of such Letter of Credit. In furtherance and not in limitation of the foregoing, the
applicable LC Bank may accept sight drafts and accompanying certificates presented under the Letter
of Credit issued by such LC Bank that appear on their face to be in order, without responsibility
for further investigation, regardless of any notice or information to the contrary.
Notwithstanding the foregoing, no Lender shall be obligated to indemnify the Borrower for damages
caused by any LC Bank’s wilful misconduct or gross negligence, and the obligation of the Borrower
to reimburse the Lenders hereunder shall be absolute and unconditional, notwithstanding the gross
negligence or wilful misconduct of any LC Bank.

     (h) Transitional Provision. Schedule 2.04 contains a schedule of certain letters of credit
issued (or deemed issued) for the account of the Borrower prior to the Effective Date. Subject to
the satisfaction of the conditions contained in Sections 3.01 and 3.02, from and after the
Effective Date such letters of credit shall be deemed to be Letters of Credit issued pursuant to
this Section 2.04.

 

26

     SECTION 2.05. 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 by 1:00 p.m., New York City time, to the account of
the Administrative Agent most recently designated by it for such purpose by notice to the Lenders.
The Administrative Agent will make such Loans available to the Borrower by promptly crediting the
amounts so received, in like funds, to an account established and maintained by the Borrower at the
Administrative Agent’s office in New York City.

     (b) Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed time 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 Federal Funds
Effective Rate 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 2.06. Interest Elections.

     (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing
Request and, in the case of a Eurodollar 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 Eurodollar 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.

     (b) To make an election pursuant to this Section, the Borrower shall notify the Administrative
Agent of such election by telephone by the time that a Borrowing Request would be required under
Section 2.02 if the Borrower were requesting a Borrowing of the Type resulting from such election
to be made on the effective date of such election. Each such telephonic Interest Election Request
shall be irrevocable and shall be confirmed promptly by hand 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.

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

 

27

     (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 Eurodollar
Borrowing; and

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

If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an
Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one
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
Eurodollar 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 such Borrowing shall be
converted to an ABR Borrowing. 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 (i) no
outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless
repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest
Period applicable thereto.

     SECTION 2.07. Mandatory Termination or Reduction of Commitments.

     Unless previously terminated, the Commitments shall terminate on the Termination Date.

     SECTION 2.08. Mandatory Prepayments.

     (a) If at any time the Total Outstanding Principal exceeds the Aggregate Commitments then in
effect for any reason whatsoever (including, without limitation, as a result of any reduction in
the Aggregate Commitments pursuant to Section 2.09), the Borrower shall prepay Loans or cash
collateralize LC Exposure in an account with the Administrative Agent pursuant to the final
paragraph of Section 8.01, as applicable, in such aggregate amount (together with accrued interest
thereon to the extent required by Section 2.13) as shall be necessary so that, after giving effect
to such prepayment, the Total Outstanding Principal does not exceed the Aggregate Commitments.

 

28

     (b) Each prepayment of Loans pursuant to this Section 2.08 shall be accompanied by the
Borrower’s payment of any amounts payable under Section 2.16 in connection with such prepayment.
Prepayments of Revolving Loans shall be applied ratably to the Loans so prepaid.

     SECTION 2.09. Optional Reduction of Commitments.

     (a) The Borrower may at any time terminate, or from time to time reduce, the Commitments
(including the unused Letter of Credit Commitments of the LC Banks); provided that (i) each
reduction of the Commitments shall be in an amount that is an integral multiple of $10,000,000 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 Total Outstanding Principal
would exceed the Aggregate Commitments thereafter in effect.

     (b) The Borrower shall notify the Administrative Agent of any election to terminate or reduce
the Commitments under Section 2.09(a) at least five 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 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.

     (c) Each reduction of the Commitments pursuant to this Section 2.09 shall be made ratably
among the Lenders in accordance with their respective Commitments immediately preceding such
reduction.

     SECTION 2.10. Repayment of Loans; Evidence of Debt.

     (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent (i) for
the account of each Lender the then unpaid principal amount of each Revolving Loan on the
Termination Date, (ii) for the account of each Lender the then unpaid principal amount of each ABR
Loan deemed to be made pursuant to Section 2.04(d) on the maturity date therefor as determined
pursuant to Section 2.04(d) and (iii) for the account of the Swingline Lender the then unpaid
principal amount of each Swingline Loan on the maturity date therefor as determined pursuant to
Section 2.03.

     (b) Each Lender (including the Swingline 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 (including each Swingline 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 and Type thereof and the Interest Period applicable thereto,
(ii) the amount of any principal or interest due and payable or to become due and payable from the
Borrower to each Lender hereunder and (iii) the amount of any sum

 

29

received by the Administrative Agent hereunder for the account of the Lenders (including the
Swingline Lender) 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 (including the Swingline 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 11.04) 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. Optional Prepayment of Loans.

     (a) The Borrower shall have the right at any time and from time to time to prepay any
Borrowing (including any Swingline Borrowing) in whole or in part, subject to prior notice in
accordance with paragraph (b) of this Section.

     (b) The Borrower shall notify the Administrative Agent by telephone (confirmed by telecopy) of
any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than
11:00 a.m., New York City time, three Business Days before the date of prepayment, (ii) in the case
of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, one Business Day
before the date of prepayment or (iii) in the case of prepayment of a Swingline Borrowing, not
later than 11:00 a.m., New York City time, on the date of prepayment. Each such notice shall be
irrevocable and shall specify the prepayment date and 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 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, and each partial prepayment of
a Swingline Borrowing shall be in an amount not less than $100,000 or any integral multiple
thereof, it being understood that the foregoing minimums shall not apply to the prepayment in whole
of the outstanding Revolving Loans of all Lenders or to the prepayment in whole of the outstanding
Swingline Loans of the Swingline Lender. Each prepayment of a Revolving Borrowing shall be applied
ratably to the Loans included in the prepaid Revolving Borrowing. Prepayments shall be accompanied
by accrued interest to the extent required by Section 2.13 and by any amounts payable under Section
2.16 in connection with such prepayment.

 

30

     SECTION 2.12. Fees.

     (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a
facility fee (each a “Facility Fee”), which shall accrue at the Applicable Rate on the daily amount
of the Commitment of such Lender (whether used or unused) 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 Revolving Credit Exposure after its Commitment terminates, then
such Facility Fee shall continue to accrue on the daily amount of such Lender’s Revolving Credit
Exposure from and including the date on which its Commitment terminates to but excluding the date
on which such Lender ceases to have any Revolving Credit Exposure. Accrued Facility 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
Effective Date; provided that any Facility Fees accruing after the date on which the Commitments
terminate shall be payable on demand. All Facility Fees shall be computed on the basis of a year
of 360 days and shall be payable for the actual number of days elapsed (including the first day but
excluding the last day).

     (b) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a
letter of credit risk participation fee (each a “LC Risk Participation Fee”), which shall accrue at
the Applicable Rate on the average daily amount of the LC Outstandings during the period from and
including the Effective Date to but excluding the Termination Date or such later date as on which
there shall cease to be any LC Outstandings. Accrued LC Risk Participation 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 Effective
Date; provided that any LC Risk Participation Fees accruing after the date on which the Commitments
terminate shall be payable on demand. All LC Risk Participation Fees shall be computed on the
basis of a year of 360 days and shall be payable for the actual number of days elapsed (including
the first day but excluding the last day). The Borrower shall also pay to the LC Bank for its own
account (x) a fronting fee, which fronting fee shall accrue at a per annum rate agreed upon between
the Borrower and the applicable LC Bank on the average daily amount of such LC Outstandings in
respect of all Letters of Credit issued by such LC Bank during the period each such Letter of
Credit shall be outstanding, which fronting fee shall be payable in arrears on the last day of
March, June, September and December of each year and on the date on which such Letter of Credit
terminates, and (y) documentary and processing charges in connection with the issuance, or
modification cancellation, negotiation, or transfer of, and draws under Letters of Credit issued by
such LC Bank in accordance with such LC Bank’s standard schedule for such charges as in effect from
time to time.

     (c) The Borrower agrees to pay to the Administrative Agent, for its own account and for the
account of the other Persons entitled thereto, the fees provided for in that certain fee letter
dated February 2, 2011, executed and delivered with respect to the credit facility provided for
herein, in each case, in the amounts and at the times set forth therein and in immediately
available funds.

     (d) All fees payable hereunder shall be paid on the dates due, in immediately available funds,
to the Administrative Agent (for distribution, in the case of Facility Fees and LC Risk

 

31

Participation Fees, to the Lenders). Fees due and paid shall not be refundable under any
circumstances.

     SECTION 2.13. Interest.

     (a) The Loans comprising each ABR Borrowing shall bear interest at a rate per annum equal to
the Alternate Base Rate plus the Applicable Rate.

     (b) The Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum
equal to the LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable
Rate.

     (c) Each Swingline Loan shall bear interest at a rate per annum equal to the Swingline Rate,
as determined for such Swingline Loan and notified by the Swingline Lender to the Borrower in
accordance with Section 2.03(a).

     (d) 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, 2% plus
the rate otherwise applicable to such Loan as provided above or (ii) in the case of any other
amount, 2% plus the rate applicable to ABR Loans as provided above.

     (e) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date
for such Loan; provided that (i) interest accrued pursuant to paragraph (d) of this Section shall
be payable on demand, (ii) in the event of any repayment or prepayment of any Loan, accrued
interest on the principal amount repaid or prepaid shall be payable on the date of such repayment
or prepayment, (iii) in the event of any conversion of any Eurodollar 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 and (iv) all accrued interest shall be payable upon termination
of the Commitments.

     (f) All interest hereunder shall be computed on the basis of a year of 360 days, except that
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 365 days (or 366 days in a leap
year), 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 or LIBO Rate shall be
determined by the Administrative Agent, and such determination shall be conclusive absent manifest
error.

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

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

 

32

     (b) the Administrative Agent is advised by the Required Lenders that the LIBO Rate for such
Interest Period will not adequately and fairly reflect the cost to such Lenders of making or
maintaining their Loans 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 Eurodollar Borrowing shall be ineffective and
(ii) if any Borrowing Request requests a Eurodollar Revolving Borrowing, such Borrowing shall be
made as an ABR Borrowing.

     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 against assets of, deposits with or for the account of, or credit extended by,
any Lender or any LC Bank (except any such reserve requirement described in paragraph (e) of
this Section); or

     (ii) impose on any Lender or any LC Bank or the London interbank market any other
condition affecting this Agreement or Eurodollar Loans made by such Lender or participation
therein or Unreimbursed LC Disbursements or Letters of Credit and participations therein;

and the result of any of the foregoing shall be to increase the cost to such Lender or such LC Bank
of making or maintaining any Eurodollar Loan or Unreimbursed LC Disbursement or issuing or
maintaining Letters of Credit and participation interests therein (or of maintaining its obligation
to make any such Loan or issue or participate in such Letter of Credit) or to reduce the amount of
any sum received or receivable by such Lender or such LC Bank hereunder (whether of principal,
interest or otherwise), then the Borrower will pay to such Lender or such LC Bank, as the case may
be, such additional amount or amounts as will compensate such Lender or such LC Bank for such
additional costs incurred or reduction suffered.

     (b) If any Lender or any LC 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 such
LC Bank’s capital or on the capital of its holding company, if any, as a consequence of this
Agreement to a level below that which such Lender or such LC Bank or its holding company could have
achieved but for such Change in Law (taking into consideration its policies and the policies of its
holding company with respect to capital adequacy), then from time to time the Borrower will pay to
such Lender or such LC Bank, as the case may be, such additional amount or amounts as will
compensate it or its holding company for any such reduction suffered.

     (c) A certificate of a Lender or the applicable LC Bank, as the case may be, setting forth the
amount or amounts necessary to compensate it or its holding company 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 the amount shown as due on any such certificate within 10 days after
receipt thereof.

 

33

     (d) Failure or delay on the part of any Lender or any LC Bank to demand compensation pursuant
to this Section shall not constitute a waiver of its right to demand such compensation; provided
that the Borrower shall not be required to compensate a Lender pursuant to this Section for any
increased costs or reductions incurred more than ninety days prior to the date that such Lender or
such LC Bank notifies the Borrower of the Change in Law giving rise to such increased costs or
reductions and of its 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 ninety day
period referred to above shall be extended to include the period of retroactive effect thereof.

     (e) The Borrower shall pay (without duplication as to amounts paid under this Section 2.15) to
each Lender, so long as such Lender shall be required under regulations of the Board to maintain
reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities,
additional interest on the unpaid principal amount of each Eurodollar Loan of such Lender, from the
date of such Loan until such principal amount is paid in full, at an interest rate per annum equal
at all times to the remainder obtained by subtracting (i) the LIBO Rate for the Interest Period for
such Loan from (ii) the rate obtained by dividing such LIBO Rate by a percentage equal to 100%
minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on
each date on which interest is payable on such Loan. Such additional interest determined by such
Lender and notified to the Borrower and the Administrative Agent, accompanied by the calculation of
the amount thereof, shall be conclusive and binding for all purposes absent manifest error.

     SECTION 2.16. Break Funding Payments.
In the event of (a) the payment of any principal of any Eurodollar Loan other than on the last
day of an Interest Period applicable thereto (including as a result of an Event of Default), (b)
the conversion of any Eurodollar Loan other than on the last day of the Interest Period applicable
thereto, (c) the failure to borrow, convert, continue or prepay any Revolving Loan on the date
specified in any notice delivered pursuant hereto (regardless of whether such notice is permitted
to be revocable under Section 2.11(b) and is revoked in accordance therewith), or (d) the
assignment of any Eurodollar 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. In the case of a Eurodollar Loan, the loss to any Lender attributable to any such event
shall be deemed to include an amount reasonably determined by such Lender to be equal to the
excess, if any, of (x) the amount of interest that such Lender would pay for a deposit equal to the
principal amount of such Loan for the period from the date of such payment, conversion, failure or
assignment to the last day of the then current Interest Period for such Loan (or, in the case of a
failure to borrow, convert or continue, the duration of the Interest Period that would have
resulted from such borrowing, conversion or continuation) if the interest rate payable on such
deposit were equal to the LIBO Rate for such Interest Period, over (y) the amount of interest that
such Lender would earn on such principal amount for such period if such Lender were to invest such
principal amount for such period at the interest rate that would be bid by such Lender (or an
affiliate of such Lender) for dollar deposit from other banks in the eurodollar market at the
commencement of such period. 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

 

34

conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due
on any such certificate within 10 days after receipt thereof.

     SECTION 2.17. Taxes.

     (a) Any and all payments by or on account of any obligation of the Borrower hereunder shall be
made free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided
that if any Credit Party shall be required to deduct any Indemnified Taxes or Other Taxes from such
payments, then (i) the sum payable shall be increased as necessary so that after making all
required deductions (including deductions applicable to additional sums payable under this Section)
the Administrative Agent, LC Bank or Lender (as the case may be) receives an amount equal to the
sum it would have received had no such deductions been made, (ii) such Credit Party shall make such
deductions and (iii) such Credit Party shall pay the full amount deducted to the relevant
Governmental Authority in accordance with applicable law.

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

     (c) The Borrower shall indemnify the Administrative Agent, each LC Bank and each Lender,
within 10 days after written demand therefor, for the full amount of any Indemnified Taxes or Other
Taxes (and for any Taxes imposed or asserted on or attributable to amounts payable under this
Section) paid by the Administrative Agent, such LC Bank or such Lender, as the case may be, and any
penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or
not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the
relevant Governmental Authority. A certificate as to the amount of such payment or liability
delivered to the Borrower by a Lender or any LC Bank, or by the Administrative Agent on its own
behalf or on behalf of a Lender or any LC Bank, shall be conclusive absent manifest error.

     (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by a Credit
Party to a Governmental Authority, such Credit 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.

     (e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax
under the laws of the jurisdiction in which the Borrower or the Guarantor is located, or any treaty
to which such jurisdiction is a party, with respect to payments under this Agreement shall deliver
to the Borrower (with an additional original or a photocopy, as required under applicable rules and
procedures, to the Administrative Agent), at the time or times prescribed by applicable law or
reasonably requested by the Borrower, such properly completed and executed documentation prescribed
by applicable law as shall be necessary to permit such payments to be made without withholding or
at a reduced rate. Further, in those circumstances as shall be necessary to allow payments
hereunder to be made free of (or at a reduced rate of) withholding tax, each other Lender and the
Administrative Agent, as applicable, shall deliver to Borrower such documentation as the Borrower
may reasonably request in writing.

 

35

     (f) Except with the prior written consent of the Administrative Agent, all amounts payable by
a Credit Party hereunder shall be made by such Credit Party in its own name and for its own account
from within the United States by a payor that is a United States person (within the meaning of
Section 7701 of the Code).

     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 or fees, or under Section 2.15, 2.16, 2.17 or 11.03, or otherwise) prior to
12:00 noon, New York City 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 its offices at 745 Seventh Avenue, New York, NY 10019, except that payments
pursuant to Sections 2.15, 2.16, 2.17 and 11.03 shall be made directly to the Persons entitled
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 shall
be made in Dollars.

     (b) If at any time insufficient funds are received by and available to the Administrative
Agent to pay fully all amounts of principal, interest and fees then due hereunder, such funds shall
be applied (i) first, to pay 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, to pay principal then due hereunder, ratably among the parties entitled thereto in
accordance with the amounts of principal 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 the Obligations owing to it
resulting in such Lender receiving payment of a greater proportion of the aggregate amount of such
Obligations 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 of, or other Obligations owing to, 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 or other
Obligations, as applicable; 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 to any
assignee or participant, other than to the Guarantor, the Borrower or any other Subsidiary or
Affiliate of the Guarantor (as to which the provisions of this paragraph shall apply). The
Borrower and the Guarantor consent to the foregoing and agree, to the extent they may effectively
do so under applicable law, that any Lender acquiring a

 

36

participation pursuant to the foregoing arrangements may exercise against the Borrower and the
Guarantor rights of set-off and counterclaim with respect to such participation as fully as if such
Lender were a direct creditor of the Borrower or the affected Guarantor 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
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 the amount due. In such event, if the Borrower has not
in fact made such payment, then each of the Lenders severally agrees to repay to the Administrative
Agent forthwith on demand the amount so distributed to such Lender 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 Federal Funds Effective Rate.

     (e) If any Lender shall fail to make any payment required to be made by it pursuant to Section
2.03(c), 2.04(e), 2.05(b) or 2.18(d), then the Administrative Agent may, in its discretion
(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.

     SECTION 2.19. Mitigation Obligations; Replacement of Lenders.

     (a) Any Lender claiming reimbursement or compensation from the Borrower under either of
Sections 2.15 and 2.17 for any losses, costs or other liabilities shall use reasonable efforts
(including, without limitation, reasonable efforts to designate a different lending office of such
Lender for funding or booking its Loans or to assign its rights and obligations hereunder to
another of its offices, branches or affiliates) to mitigate the amount of such losses, costs and
other liabilities, if such efforts can be made and such mitigation can be accomplished without such
Lender suffering (i) any economic disadvantage for which such Lender does not receive full
indemnity from the Borrower under this Agreement or (ii) otherwise be disadvantageous to such
Lender.

     (b) In determining the amount of any claim for reimbursement or compensation under Sections
2.15 and 2.17, each Lender will use reasonable methods of calculation consistent with such methods
customarily employed by such Lender in similar situations.

     (c) Each Lender will notify the Borrower either directly or through the Administrative Agent
of any event giving rise to a claim under Section 2.15 or Section 2.17 promptly after the
occurrence thereof which notice shall be accompanied by a certificate of such Lender setting forth
in reasonable detail the circumstances of such claim.

     (d) 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, or if any Lender becomes a Defaulting Lender, then 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

 

37

accordance with and subject to the restrictions contained in Section 11.04, provided that the
Administrative Agent may, in its sole discretion, elect to waive the $3,500 processing and
recordation fee in connection therewith), 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 (i) the Borrower shall have received the prior
written consent of the Administrative Agent and each LC Bank, which consent, in the case of the
Administrative Agent, shall not unreasonably be withheld and, in the case of each LC Bank, may be
given or withheld in the sole discretion of such LC Bank, (ii) such Lender shall have received
payment of an amount equal to the outstanding principal of its 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 (iii) 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 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 the Required Lenders have taken or may take any action hereunder
(including any consent to any amendment, waiver or other modification pursuant to Section 11.02);
provided, that this clause (b) shall not apply to the vote of a Defaulting Lender in the case of an
amendment, waiver or other modification requiring the consent of such Lender or each Lender
affected thereby;

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

     (i) so long as no Default shall be continuing, 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 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;

     (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

 

38

the Administrative Agent (x) first, prepay such Swingline Exposure and (y) second, cash
collateralize for the benefit of the applicable LC 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
the last paragraph of Section 8.01 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) or the applicable LC Bank pursuant to
Section 2.12(b)(x) (solely with respect to any fronting fee), in each case 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(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 any LC Bank or any other Lender hereunder, all
Facility Fees that otherwise would have been payable to such Defaulting Lender (solely with
respect to the portion of such Defaulting Lender’s Commitment that was utilized by such LC
Exposure) and letter of credit fees payable under Section 2.12(b) with respect to such
Defaulting Lender’s LC Exposure shall be payable to the applicable LC 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, the Swingline Lender shall not be required
to fund any Swingline Loan and the LC Banks shall not be required to issue, amend or increase any
Letter of Credit, unless it is reasonably satisfied that (i) the related exposure and the
Defaulting Lender’s then outstanding LC Exposure will be 100% covered by the Commitments of the
non-Defaulting Lenders and/or cash collateral will be provided by the Borrower in accordance with
Section 2.20(c), and (ii) participating interests in any such newly made Swingline Loan or any
newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a
manner consistent with Section 2.20(c)(i) (and such Defaulting Lender shall not participate
therein).

     If (i) a Bankruptcy Event with respect to a Parent of any Lender shall occur following the
date hereof and for so long as such event shall continue or (ii) the Swingline Lender or any LC
Bank has a good faith belief that any Lender has defaulted in fulfilling its obligations under one
or more other agreements in which such Lender commits to extend credit, the Swingline Lender shall
not be required to fund any Swingline Loan and no LC Bank shall be required to issue, amend or
increase any Letter of Credit, unless the Swingline Lender or the applicable LC Bank, as the case
may be, shall have entered into arrangements with the Borrower or such Lender, satisfactory to the
Swingline Lender or the applicable LC Bank, as the case may be, to defease any risk to it in
respect of such Lender hereunder.

 

39

     In the event that the Administrative Agent, the Borrower, the Swingline Lender and the LC
Banks 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.

ARTICLE III

CONDITIONS

     SECTION 3.01. Conditions Precedent to the Effectiveness of this Agreement.
This Agreement shall not become effective until the date on which each of the following
conditions is satisfied (or waived in accordance with Section 11.02).

     (a) The Administrative Agent (or its counsel) shall have received from each party thereto
either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence
satisfactory to the Administrative Agent (which may include facsimile or electronic transmission of
a signed signature page of this Agreement) that such party has signed a counterpart of this
Agreement.

     (b) The Lenders, the Administrative Agent, the Arrangers and each other Person entitled to the
payment of fees or the reimbursement or payment of expenses, pursuant hereto or to those certain
fee letters dated February 2, 2011, executed and delivered with respect to the credit facility
provided for herein, shall have received all fees required to be paid by the Effective Date
(including, without limitation, all fees owing on the Effective Date under Section 2.12(e) hereof),
and all expenses for which invoices have been presented on or before the Effective Date.

     (c) The Administrative Agent shall have received certified copies of the resolutions of the
Board of Directors of each of the Guarantor and the Borrower approving this Agreement, and of all
documents evidencing other necessary corporate action and governmental and regulatory approvals
with respect to this Agreement.

     (d) The Administrative Agent shall have received from each of the Borrower and the Guarantor,
to the extent generally available in the relevant jurisdiction, a copy of a certificate or
certificates of the Secretary of State (or other appropriate public official) of the jurisdiction
of its incorporation, dated reasonably near the Effective Date, (i) listing the charters of the
Borrower or the Guarantor, as the case may be, and each amendment thereto on file in such office
and certifying that such amendments are the only amendments to the Borrower’s or the Guarantor’s
charter, as the case may be, on file in such office, and (ii) stating, in the case of the Borrower,
that the Borrower is authorized to transact business under the laws of the jurisdiction of its
place of incorporation, and, in the case of the Guarantor, that the Guarantor is duly incorporated
and in good standing under the laws of the jurisdiction of its place of incorporation.

     (e) (i) The Administrative Agent shall have received a certificate or certificates of each of
the Borrower and the Guarantor, signed on behalf of the Borrower and the Guarantor

 

40

respectively, by a the Secretary, an Assistant Secretary or a Responsible Officer thereof,
dated the Effective Date, certifying as to (A) the absence of any amendments to the charter of the
Borrower or the Guarantor, as the case may be, since the date of the certificates referred to in
paragraph (d) above, (B) a true and correct copy of the bylaws of each of the Borrower or the
Guarantor, as the case may be, as in effect on the Effective Date, (C) the absence of any
proceeding for the dissolution or liquidation of the Borrower or the Guarantor, as the case may be,
(D) the truth, in all material respects, of the representations and warranties contained in the
Credit Documents to which the Borrower or the Guarantor is a party, as the case may be, as though
made on and as of the Effective Date, and (E) the absence, as of the Effective Date, of any Default
or Event of Default; and (ii) each of such certifications shall be true.

     (f) The Administrative Agent shall have received a certificate of the Secretary or an
Assistant Secretary of each of the Guarantor and the Borrower certifying the names and true
signatures of the officers of Guarantor or the Borrower, as the case may be, authorized to sign,
and signing, this Agreement and the other Credit Documents to be delivered hereunder on or before
the Effective Date.

     (g) The Administrative Agent shall have received from Schiff Hardin LLP, counsel for the
Guarantor and the Borrower, a favorable opinion, substantially in the form of Exhibit B hereto and
as to such other matters as any Lender through the Administrative Agent may reasonably request.

     (h) The Administrative Agent shall have received evidence satisfactory to it that the
Borrower’s Amended and Restated Revolving Credit Agreement, dated as of July 7, 2006, by and among
the Borrower, the Guarantor, the lenders from time to time parties thereto and Barclays Bank PLC,
as administrative agent, shall have been terminated and cancelled and all indebtedness thereunder
shall have been fully repaid (except to the extent being so repaid with the initial Revolving
Loans) and any and all liens, if any, thereunder shall have been terminated.

     SECTION 3.02. Conditions Precedent to Each Extension of Credit.

     The obligation of each Lender to make any Extension of Credit and of each LC Bank to issue,
extend (other than an extension pursuant to an automatic extension provision set forth in the
applicable Letter of Credit) or amend any Letter of Credit (including the initial Extension of
Credit but excluding any conversion or continuation of any Loan) shall be subject to the
satisfaction (or waiver in accordance with Section 11.02) of each of the following conditions:

     (a) The representations and warranties of the Guarantor and the Borrower set forth in this
Agreement (other than the representation and warranty set forth in Section 4.01(f)) shall be true
and correct in all material respects on and as of the date of such Extension of Credit, except to
the extent that such representations and warranties are specifically limited to a prior date, in
which case such representations and warranties shall be true and correct in all material respects
on and as of such prior date.

     (b) After giving effect to (A) such Extension of Credit, together with all other Extensions of
Credit to be made contemporaneously therewith, and (B) the repayment of any Loans or Unreimbursed
LC Disbursements that are to be contemporaneously repaid at the time such Loan

 

41

is made, such Extension of Credit will not result in the sum of the then Total Outstanding
Principal exceeding the Aggregate Commitments.

     (c) Such Extension of Credit will comply with all other applicable requirements of Article II,
including, without limitation Sections 2.01, 2.02, 2.03 and 2.04, as applicable.

     (d) At the time of and immediately after giving effect to such Extension of Credit, no Default
or Event of Default shall have occurred and be continuing.

     (e) In the case of a Revolving Loan, the Administrative Agent shall have timely received a
Borrowing Request; and, in the case of a Letter of Credit issuance, extension (other than an
extension pursuant to an automatic extension provision set forth in the applicable Letter of
Credit) or amendment, a Request for Issuance.

Each Extension of Credit and the acceptance by the Borrower of the benefits thereof shall be deemed
to constitute a representation and warranty by the Borrower on the date thereof as to the matters
specified in paragraphs (a), (b), (c) and (d) of this Section.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

     SECTION 4.01. Representations and Warranties of the Credit Parties.
Each of the Borrower and the Guarantor represents and warrants as follows:

     (a) Each of the Borrower and the Guarantor is a corporation duly organized, validly existing
and, in the case of the Borrower, authorized to transact business under the laws of the State of
its incorporation, and, in the case of the Guarantor, in good standing under the laws of the State
of its incorporation.

     (b) The execution, delivery and performance by each of the Credit Parties of the Credit
Documents to which it is a party (i) are within such Credit Party’s corporate powers, (ii) have
been duly authorized by all necessary corporate action, (iii) do not contravene (A) such Credit
Party’s charter or by-laws, as the case may be, or (B) any law, rule or regulation, or any material
Contractual Obligation or legal restriction, binding on or affecting such Credit Party or any
Material Subsidiary, as the case may be, and (iv) do not require the creation of any Lien on the
property of such Credit Party or any Material Subsidiary under any Contractual Obligation binding
on or affecting such Credit Party or any Material Subsidiary.

     (c) No authorization or approval or other action by, and no notice to or filing with, any
Governmental Authority or other Person is required for the due execution, delivery and performance
by any Credit Party of this Agreement or any other Credit Document to which any of them is a party,
except for such as (i) have been obtained or made and that are in full force and effect or (ii) are
not presently required under applicable law and have not yet been applied for.

     (d) Each Credit Document to which any Credit Party is a party is a legal, valid and binding
obligation of such Credit Party, enforceable against such Credit Party in accordance with its
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws

 

42

affecting creditors’ rights generally and subject to general principles of equity, regardless
of whether considered in a proceeding in equity or at law.

     (e) The consolidated balance sheet of the Guarantor and its Subsidiaries as at September 30,
2010, and the related statements of income and retained earnings of the Guarantor and its
Subsidiaries for the nine months then ended, copies of which have been made available or furnished
to each Lender, fairly present (subject to year-end adjustments) the financial condition of the
Guarantor and its Subsidiaries as at such date and the results of the operations of the Guarantor
and its Subsidiaries for the period ended on such date, all in accordance with generally accepted
accounting principles consistently applied.

     (f) Since December 31, 2009, there has been no material adverse change in such condition or
operations, or in the business, assets, operations, condition (financial or otherwise) or prospects
of any of the Credit Parties or of Columbia.

     (g) There is no pending or threatened action, proceeding or investigation affecting such
Credit Party before any court, governmental agency or other Governmental Authority or arbitrator
that (taking into account the exhaustion of appeals) would have a Material Adverse Effect, or that
(i) purports to affect the legality, validity or enforceability of this Agreement or any promissory
notes executed pursuant hereto, or (ii) seeks to prohibit the ownership or operation, by any Credit
Party or any of their respective Material Subsidiaries, of all or a material portion of their
respective businesses or assets.

     (h) The Guarantor and its Subsidiaries, taken as a whole, do not hold or carry Margin Stock
having an aggregate value in excess of 10% of the value of their consolidated assets, and no part
of the proceeds of any Loan or Letter of Credit hereunder will be used to buy or carry any Margin
Stock.

     (i) No ERISA Event has occurred, or is reasonably expected to occur, with respect to any Plan
that could reasonably be expected to have a Material Adverse Effect.

     (j) Schedule B (Actuarial Information) to the 2009 Annual report (Form 5500 Series) for each
Plan, copies of which have been filed with the Internal Revenue Service and made available or
furnished to each Lender, is complete and accurate and fairly presents the funding status of such
Plan, and since the date of such Schedule B there has been no adverse change in such funding status
which may reasonably be expected to have a Material Adverse Effect.

     (k) Neither the Guarantor nor any ERISA Affiliate has incurred or is reasonably expected to
incur any Withdrawal Liability to any Multiemployer Plan which may reasonably be expected to have a
Material Adverse Effect.

     (l) Neither the Guarantor nor any ERISA Affiliate has been notified by the sponsor of a
Multiemployer Plan that such Multiemployer Plan is in reorganization or has been terminated, within
the meaning of Title VI of ERISA, and no Multiemployer Plan is reasonably expected to be in
reorganization or to be terminated, within the meaning of Title IV of ERISA, in either such case,
that could reasonably be expected to have a Material Adverse Effect.

 

43

     (m) No Credit Party is an “investment company”, or a company “controlled” by an “investment
company”, within the meaning of the Investment Company Act of 1940, as amended.

     (n) Each Credit Party has filed all tax returns (Federal, state and local) required to be
filed by it and has paid or caused to be paid all taxes due for the periods covered thereby,
including interest and penalties, except for any such taxes, interest or penalties which are being
contested in good faith and by proper proceedings and in respect of which such Credit Party has set
aside adequate reserves for the payment thereof in accordance with GAAP.

     (o) Each Credit Party and its Subsidiaries are and have been in compliance with all laws
(including, without limitation, all Environmental Laws), except to the extent that any failure to
be in compliance, individually or in the aggregate, could not reasonably be expected to result in a
Material Adverse Effect.

     (p) No Subsidiary of any Credit Party is party to, or otherwise bound by, any agreement that
prohibits such Subsidiary from making any payments, directly or indirectly, to such Credit Party,
by way of dividends, advances, repayment of loans or advances, reimbursements of management or
other intercompany charges, expenses and accruals or other returns on investment, or any other
agreement that restricts the ability of such Subsidiary to make any payment, directly or
indirectly, to such Credit Party, other than prohibitions and restrictions permitted to exist under
Section 6.01(e).

     (q) The information, exhibits and reports furnished by the Guarantor or any of its
Subsidiaries to the Administrative Agent or to any Lender in connection with the negotiation of, or
compliance with, the Credit Documents, taken as a whole, do not contain any material misstatement
of fact and do not omit to state a material fact or any fact necessary to make the statements
contained therein not misleading in light of the circumstances made.

ARTICLE V

AFFIRMATIVE COVENANTS

     SECTION 5.01. Affirmative Covenants.
So long as any Lender shall have any Commitment hereunder or any principal of any Loan,
Unreimbursed LC Disbursement, interest or fees payable hereunder shall remain unpaid or any Letter
of Credit shall remain outstanding, each of the Credit Parties will, unless the Required Lenders
shall otherwise consent in writing:

     (a) Compliance with Laws, Etc. Comply, and cause each of its Subsidiaries to comply, in all
material respects with all applicable laws, rules, regulations and orders (including, without
limitation, any of the foregoing relating to employee health and safety or public utilities and all
Environmental Laws), unless the failure to so comply could not reasonably be expected to have a
Material Adverse Effect.

     (b) Maintenance of Properties, Etc. Maintain and preserve, and cause each Material Subsidiary
to maintain and preserve, all of its material properties which are used in the conduct of its
business in good working order and condition, ordinary wear and tear excepted, if the failure to do
so could reasonably be expected to have a Material Adverse Effect.

 

44

     (c) Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and
discharge, before the same shall become delinquent, (i) all taxes, assessments and governmental
charges or levies imposed upon it or upon its property, and (ii) all legal claims which, if unpaid,
might by law become a lien upon its property; provided, however, that neither any Credit Party nor
any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or
claim which is being contested in good faith and by proper proceedings and as to which appropriate
reserves are being maintained.

     (d) Maintenance of Insurance. Maintain, and cause each of its Subsidiaries to maintain,
insurance with responsible and reputable insurance companies or associations in such amounts and
covering such risks as is usually obtained by companies engaged in similar businesses of comparable
size and financial strength and owning similar properties in the same general areas in which such
Credit Party or such Subsidiary operates, or, to the extent such Credit Party or Subsidiary deems
it reasonably prudent to do so, through its own program of self-insurance.

     (e) Preservation of Corporate Existence, Etc. Preserve and maintain, and cause each Material
Subsidiary to preserve and maintain, its corporate existence, rights (charter and statutory) and
franchises, except as otherwise permitted under this Agreement; provided that that no such Person
shall be required to preserve any right or franchise with respect to which the Board of Directors
of such Person has determined that the preservation thereof is no longer desirable in the conduct
of the business of such Person and that the loss thereof is not disadvantageous in any material
respect to any Credit Party or the Lenders.

     (f) Visitation Rights. At any reasonable time and from time to time, permit the
Administrative Agent or any of the Lenders or any agents or representatives thereof, on not less
than five Business Days’ notice (which notice shall be required only so long as no Default shall be
occurred and be continuing), to examine and make copies of and abstracts from the records and books
of account of, and visit the properties of, such Credit Party or any of its Subsidiaries, and to
discuss the affairs, finances and accounts of the Credit Parties and their respective Subsidiaries
with any of their respective officers and with their independent certified public accountants;
subject, however, in all cases to the imposition of such conditions as the affected Credit Party or
Subsidiary shall deem necessary based on reasonable considerations of safety and security and
provided that so long as no Default or Event of Default shall have occurred and be continuing, each
Lender will be limited to one visit each year.

     (g) Keeping of Books. (i) Keep, and cause each of its Subsidiaries to keep, proper books of
record and account, in which full and correct entries shall be made of all material financial
transactions and the assets and business of each of the Credit Parties and each of their respective
Subsidiaries, and (ii) maintain, and cause each of its Subsidiaries to maintain, a system of
accounting established and administered in accordance with generally accepted accounting principles
consistently applied.

     (h) Reporting Requirements. Deliver to the Administrative Agent for distribution to the
Lenders:

     (i) as soon as available and in any event within 60 days after the end of each of the
first three quarters of each fiscal year of the Guarantor (or, if earlier, concurrently

 

45

with the filing thereof with the Securities and Exchange Commission or any national
securities exchange in accordance with applicable law or regulation), balance sheets of the
Guarantor and its Consolidated Subsidiaries in comparative form as of the end of such
quarter and statements of income and retained earnings of the Guarantor and its Consolidated
Subsidiaries for the period commencing at the end of the previous fiscal year of the
Guarantor and ending with the end of such quarter, each prepared in accordance with
generally accepted accounting principles consistently applied, subject to normal year-end
audit adjustments, certified by the chief financial officer of the Guarantor.

     (ii) as soon as available and in any event within 90 days after the end of each fiscal
year of the Guarantor (or, if earlier, concurrently with the filing thereof with the
Securities and Exchange Commission or any national securities exchange in accordance with
applicable law or regulation), a copy of the audit report for such year for the Guarantor
and its Consolidated Subsidiaries containing financial statements for such year prepared in
accordance with generally accepted accounting principles consistently applied as reported on
by independent certified public accountants of recognized national standing acceptable to
the Required Lenders, which audit was conducted by such accounting firm in accordance with
generally accepted auditing standards;

     (iii) concurrently with the delivery of financial statements pursuant to clauses (i)
and (ii) above or the notice relating thereto contemplated by the final sentence of this
Section 5.01(h), a certificate of a senior financial officer of each of the Guarantor and
the Borrower (A) to the effect that no Default or Event of Default has occurred and is
continuing (or, if any Default or Event of Default has occurred and is continuing,
describing the same in reasonable detail and describing the action that the Guarantor or the
Borrower, as the case may be, has taken and proposes to take with respect thereto), and (B)
in the case of the certificate relating to the Guarantor, setting forth calculations, in
reasonable detail, establishing Borrower’s compliance, as at the end of such fiscal quarter,
with the financial covenant contained in Article VII;

     (iv) as soon as possible and in any event within five days after the occurrence of each
Default or Event of Default continuing on the date of such statement, a statement of the
chief financial officer of the Borrower setting forth details of such Event of Default or
event and the action which the Borrower has taken and proposes to take with respect thereto;

     (v) promptly after the sending or filing thereof, copies of all reports which the
Guarantor sends to its stockholders, and copies of all reports and registration statements
(other than registration statements filed on Form S-8) that the Guarantor, the Borrower or
any Subsidiary of the Guarantor or the Borrower, files with the Securities and Exchange
Commission;

     (vi) promptly and in any event within 10 days after the Guarantor knows or has reason
to know that any material ERISA Event has occurred, a statement of the chief financial
officer of the Borrower describing such ERISA Event and the action, if any,

 

46

which the Guarantor or any affected ERISA Affiliate proposes to take with respect
thereto;

     (vii) promptly and in any event within two Business Days after receipt thereof by the
Guarantor (or knowledge being obtained by the Guarantor of the receipt thereof by any ERISA
Affiliate), copies of each notice from the PBGC stating its intention to terminate any Plan
or to have a trustee appointed to administer any Plan;

     (viii) promptly and in any event within five Business Days after receipt thereof by the
Guarantor (or knowledge being obtained by the Guarantor of the receipt thereof by any ERISA
Affiliate) from the sponsor of a Multiemployer Plan, a copy of each notice received by the
Guarantor or any ERISA Affiliate concerning (A) the imposition of material Withdrawal
Liability by a Multiemployer Plan, (B) the reorganization or termination, within the meaning
of Title IV of ERISA, of any Multiemployer Plan or (C) the amount of liability incurred, or
which may be incurred, by the Guarantor or any ERISA Affiliate in connection with any event
described in clause (A) or (B) above;

     (ix) promptly after the Guarantor has knowledge of the commencement thereof, notice of
any actions, suits and proceedings before any court or governmental department, commission,
board, bureau, agency or instrumentality, domestic or foreign, affecting the Guarantor or
any Material Subsidiary of the type described in Section 4.01(g);

     (x) promptly after the Guarantor or the Borrower knows of any change in the rating of
the Index Debt by S&P or Moody’s, a notice of such changed rating; and

     (xi) such other information respecting the condition or operations, financial or
otherwise, of the Guarantor or any of its Subsidiaries as any Lender through the
Administrative Agent may from time to time reasonably request.

Notwithstanding the foregoing, the Credit Parties’ obligations to deliver the documents or
information required under any of clauses (i), (ii) and (v) above shall be deemed to be satisfied
upon (x) the relevant documents or information being publicly available on the Guarantor’s website
or other publicly available electronic medium (such as EDGAR) within the time period required by
such clause, and (y) the delivery by the Guarantor or the Borrower of notice to the Administrative
Agent and the Lenders, within the time period required by such clause, that such documents or
information are so available.

     (i) Use of Proceeds. Use the proceeds of the Loans and the Letters of Credit hereunder for
working capital and other general corporate purposes, including to provide liquidity support for
commercial paper issued by the Borrower.

     (j) Ratings. At all times maintain ratings by both Moody’s and S&P with respect to the Index
Debt.

 

47

ARTICLE VI

NEGATIVE COVENANTS

     SECTION 6.01. Negative Covenants.
So long as any Lender shall have any Commitment hereunder or any principal of any Loan,
Unreimbursed LC Disbursement, interest or fees payable hereunder shall remain unpaid or any Letter
of Credit shall remain outstanding, no Credit Party will, without the written consent of the
Required Lenders:

     (a) Limitation on Liens. Create or suffer to exist, or permit any of its Subsidiaries (other
than a Utility Subsidiary) to create or suffer to exist, any lien, security interest, or other
charge or encumbrance (collectively, “Liens”) upon or with respect to any of its properties,
whether now owned or hereafter acquired, or collaterally assign for security purposes, or permit
any of its Subsidiaries (other than a Utility Subsidiary) to so assign any right to receive income
in each case to secure or provide for or guarantee the payment of Debt for Borrowed Money of any
Person, without in any such case effectively securing, prior to or concurrently with the creation,
issuance, assumption or guaranty of any such Debt for Borrowed Money, the Obligations (together
with, if the Guarantor shall so determine, any other Debt for Borrowed Money of or guaranteed by
the Guarantor or any of its Subsidiaries ranking equally with the Loans and Unreimbursed LC
Disbursements and then existing or thereafter created) equally and ratably with (or prior to) such
Debt for Borrowed Money; provided, however, that the foregoing restrictions shall not apply to or
prevent the creation or existence of:

     (i) (A) Liens on any property acquired, constructed or improved by the Guarantor or any
of its Subsidiaries (other than a Utility Subsidiary) after the date of this Agreement that
are created or assumed prior to, contemporaneously with, or within 180 days after, such
acquisition or completion of such construction or improvement, to secure or provide for the
payment of all or any part of the purchase price of such property or the cost of such
construction or improvement; or (B) in addition to Liens contemplated by clauses (ii) and
(iii) below, Liens on any property existing at the time of acquisition thereof, provided
that the Liens shall not apply to any property theretofore owned by the Guarantor or any
such Subsidiary other than, in the case of any such construction or improvement, (1)
unimproved real property on which the property so constructed or the improvement is located,
(2) other property (or improvements thereon) that is an improvement to or is acquired or
constructed for specific use with such acquired or constructed property (or improvement
thereof), and (3) any rights and interests (A) under any agreements or other documents
relating to, or (B) appurtenant to, the property being so constructed or improved or such
other property;

     (ii) existing Liens on any property or indebtedness of a corporation that is merged
with or into or consolidated with any Credit Party or any of its Subsidiaries; provided that
such Lien was not created in contemplation of such merger or consolidation;

     (iii) Liens on any property or indebtedness of a corporation existing at the time such
corporation becomes a Subsidiary of any Credit Party; provided that such Lien was not
created in contemplation of such occurrence;

 

48

     (iv) Liens to secure Debt for Borrowed Money of a Subsidiary of a Credit Party to a
Credit Party or to another Subsidiary of the Guarantor;

     (v) Liens in favor of the United States of America, any State, any foreign country or
any department, agency or instrumentality or political subdivision of any such jurisdiction,
to secure partial, progress, advance or other payments pursuant to any contract or statute
or to secure any Debt for Borrowed Money incurred for the purpose of financing all or any
part of the purchase price of the cost of constructing or improving the property subject to
such Liens, including, without limitation, Liens to secure Debt for Borrowed Money of the
pollution control or industrial revenue bond type;

     (vi) Liens on any property (including any natural gas, oil or other mineral property)
to secure all or part of the cost of exploration, drilling or development thereof or to
secure Debt for Borrowed Money incurred to provide funds for any such purpose;

     (vii) Liens existing on the date of this Agreement;

     (viii) Liens for the sole purposes of extending, renewing or replacing in whole or in
part Debt for Borrowed Money secured by any Lien referred to in the foregoing clauses (i)
through (vii), inclusive, or this clause (viii); provided, however, that the principal
amount of Debt for Borrowed Money secured thereby shall not exceed the principal amount of
Debt for Borrowed Money so secured at the time of such extension, renewal or replacement
(which, for purposes of this limitation as it applies to a synthetic lease, shall be deemed
to be (x) the lessor’s original cost of the property subject to such lease at the time of
extension, renewal or replacement, less (y) the aggregate amount of all prior payments under
such lease allocated pursuant to the terms of such lease to reduce the principal amount of
the lessor’s investment, and borrowings by the lessor, made to fund the original cost of the
property), and that such extension, renewal or replacement shall be limited to all or a part
of the property or indebtedness which secured the Lien so extended, renewed or replaced
(plus improvements on such property);

     (ix) Liens on any property or assets of a Project Financing Subsidiary, or on any
Capital Stock in a Project Financing Subsidiary, in either such case, that secure only a
Project Financing or a Contingent Guaranty that supports a Project Financing; or

     (x) Any Lien, other than a Lien described in any of the foregoing clauses (i) through
(ix), inclusive, to the extent that it secures Debt for Borrowed Money, or guaranties
thereof, the outstanding principal balance of which at the time of creation of such Lien,
when added to the aggregate principal balance of all Debt for Borrowed Money secured by
Liens incurred under this clause (x) then outstanding, does not exceed $150,000,000.

     If at any time any Credit Party or any of its Subsidiaries shall create, issue, assume or
guaranty any Debt for Borrowed Money secured by any Lien and the first paragraph of this Section
6.01(a) requires that the Loans be secured equally and ratably with such Debt for Borrowed Money,
the Borrower shall promptly deliver to the Administrative Agent and each Lender:

 

49

     (1) a certificate of a duly authorized officer of the Borrower stating that the
covenant contained in the first paragraph of this Section 6.01(a) has been complied with;
and

     (2) an opinion of counsel acceptable to the Required Lenders to the effect that such
covenant has been complied with and that all documents executed by any Credit Party or any
of its Subsidiaries in the performance of such covenant comply with the requirements of such
covenant.

     (b) Mergers, Etc. Merge or consolidate with or into, or, except in a transaction permitted
under paragraph (c) of this Section, convey, transfer, lease or otherwise dispose of (whether in
one transaction or in a series of transactions) all or substantially all of its assets (whether now
owned or hereafter acquired) to any Person, or permit any of its Subsidiaries to do so, except
that:

     (i) any Subsidiary of the Guarantor (other than the Borrower) may merge or consolidate
with or transfer assets to or acquire assets from any other Subsidiary of the Guarantor,
provided that in the case of any such merger, consolidation, or transfer of assets to which
NIPSCO or Columbia is a party, the continuing or surviving Person shall be a Wholly-Owned
Subsidiary of the Guarantor; and

     (ii) the Borrower may merge or consolidate with, or transfer assets to, or acquire
assets from, any other Wholly-Owned Subsidiary of the Guarantor, provided that in the case
of any such merger or consolidation to which the Borrower is not the surviving Person, or
transfer of all or substantially all of the assets of the Borrower to any other Wholly-Owned
Subsidiary of the Guarantor, immediately after giving effect thereto, (A) no Event of
Default shall have occurred and be continuing (determined, for purposes of compliance with
Article VII after giving effect to such transaction, on a pro forma basis as if such
transaction had occurred on the last day of the Guarantor’s fiscal quarter then most
recently ended) and (B) such surviving Person or transferee, as applicable, shall have
assumed all of the obligations of the Borrower under and in respect of the Credit Documents
by written instrument satisfactory to the Administrative Agent and its counsel in their
reasonable discretion, accompanied by such opinions of counsel and other supporting
documents as they may reasonably require; and

     (iii) any Subsidiary of the Guarantor may merge into the Guarantor or the Borrower or
transfer assets to the Borrower or the Guarantor, provided that in the case of any merger or
consolidation of the Borrower into the Guarantor or transfer of all or substantially all of
the assets of the Borrower to the Guarantor, immediately after giving effect thereto, (A) no
Event of Default shall have occurred and be continuing (determined, for purposes of
compliance with Article VII after giving effect to such transaction, on a pro forma basis as
if such transaction had occurred on the last day of the Guarantor’s fiscal quarter then most
recently ended) and (B) the Guarantor shall have assumed all of the obligations of the
Borrower under and in respect of the Credit Documents by written instrument satisfactory to
the Administrative Agent and its counsel in their reasonable discretion, accompanied by such
opinions of counsel and other supporting documents as they may reasonably require; and

 

50

     (iv) the Guarantor or any Subsidiary of the Guarantor may merge, or consolidate with or
transfer all or substantially all of its assets to any other Person; provided that in each
case under this clause (iii), immediately after giving effect thereto, (A) no Event of
Default shall have occurred and be continuing (determined, for purposes of compliance with
Article VII after giving effect to such transaction, on a pro forma basis as if such
transaction had occurred on the last day of the Guarantor’s fiscal quarter then most
recently ended); (B) in the case of any such merger, consolidation or transfer of assets to
which the Borrower is a party, the Borrower shall be the continuing or surviving
corporation; (C) in the case of any such merger, consolidation, or transfer of assets to
which NIPSCO or Columbia is a party, NIPSCO or Columbia, as the case may be, shall be the
continuing or surviving corporation and shall be a Wholly-Owned Subsidiary of the Guarantor;
(D) in the case of any such merger, consolidation or transfer of assets to which the
Guarantor is a party, the Guarantor shall be the continuing or surviving corporation; and
(E) the Index Debt shall be rated at least BBB- by S&P and at least Baa3 by Moody’s.

     (c) Sales, Etc. of Assets. Sell, lease, transfer or otherwise dispose of, or permit any of
their respective Subsidiaries to sell, lease, transfer or otherwise dispose of (other than in
connection with a transaction authorized by paragraph (b) of this Section) any substantial part of
its assets; provided that the foregoing shall not prohibit any such sale, conveyance, lease,
transfer or other disposition that (i) constitutes realization on a Lien permitted to exist under
Section 6.01(a); or (ii) (A) (1) is for a price not materially less than the fair market value of
such assets, (2) would not materially impair the ability of any Credit Party to perform its
obligations under this Agreement and (3) together with all other such sales, conveyances, leases,
transfers and other dispositions, would have no Material Adverse Effect, or (B) would not result in
the sale, lease, transfer or other disposition, in the aggregate, of more than 10% of the
consolidated total assets of the Guarantor and its Subsidiaries, determined in accordance with
GAAP, on December 31, 2009.

     (d) Compliance with ERISA. (i) Terminate, or permit any ERISA Affiliate to terminate, any
Plan so as to result in a Material Adverse Effect or (ii) permit to exist any occurrence of any
Reportable Event (as defined in Title IV of ERISA), or any other event or condition, that presents
a material (in the reasonable opinion of the Required Lenders) risk of such a termination by the
PBGC of any Plan, if such termination could reasonably be expected to have a Material Adverse
Effect.

     (e) Certain Restrictions. Permit any of its Subsidiaries (other than, in the case of the
Guarantor, the Borrower) to enter into or permit to exist any agreement that by its terms prohibits
such Subsidiary from making any payments, directly or indirectly, to such Credit Party by way of
dividends, advances, repayment of loans or advances, reimbursements of management or other
intercompany charges, expenses and accruals or other returns on investment, or any other agreement
that restricts the ability of such Subsidiary to make any payment, directly or indirectly, to such
Credit Party; provided that the foregoing shall not apply to prohibitions and restrictions (i)
imposed by applicable law, (ii) (A) imposed under an agreement in existence on the date of this
Agreement, and (B) described on Schedule 6.01(e), (iii) existing with respect to a Subsidiary on
the date it becomes a Subsidiary that are not created in contemplation thereof (but shall apply to
any extension or renewal of, or any amendment or modification expanding the

 

51

scope of, any such prohibition or restriction), (iv) contained in agreements relating to the
sale of a Subsidiary pending such sale, provided that such prohibitions or restrictions apply only
to the Subsidiary that is to be sold and such sale is permitted hereunder, (v) imposed on a Project
Financing Subsidiary in connection with a Project Financing, or (vi) that could not reasonably be
expected to have a Material Adverse Effect.

ARTICLE VII

FINANCIAL COVENANT

     So long as any Lender shall have any Commitment hereunder or any principal of any Loan,
Unreimbursed LC Disbursement, interest or fees payable hereunder shall remain unpaid or any Letter
of Credit shall remain outstanding, the Guarantor shall maintain a Debt to Capitalization Ratio of
not more than 0.70 to 1.00.

ARTICLE VIII

EVENTS OF DEFAULT

     SECTION 8.01. Events of Default.
If any of the following events (“Events of Default”) shall occur and be continuing:

     (a) The Borrower shall fail to pay any principal of any Loan or Unreimbursed LC Disbursement
when the same becomes due and payable or shall fail to pay any interest, fees or other amounts
hereunder within three days after when the same becomes due and payable; or

     (b) Any representation or warranty made by any Credit Party in any Credit Document or by any
Credit Party (or any of its officers) in connection with this Agreement shall prove to have been
incorrect in any material respect when made; or

     (c) Any Credit Party shall fail to perform or observe any term, covenant or agreement
contained in Section 5.01(e), 5.01(f), 5.01(h), 5.01(i), 6.01 or Article VII; or

     (d) Any Credit Party shall fail to perform or observe any term, covenant or agreement
contained in any Credit Document on its part to be performed or observed (other than one identified
in paragraph (a), (b) or (c) above) if the failure to perform or observe such other term, covenant
or agreement shall remain unremedied for thirty days after written notice thereof shall have been
given to the Borrower by the Administrative Agent or any Lender; or

     (e) The Guarantor, the Borrower or any of their respective Subsidiaries shall fail to pay any
principal of or premium or interest on any Indebtedness (excluding Non-Recourse Debt) which is
outstanding in a principal amount of at least $50,000,000 in the aggregate (but excluding the
Loans) of the Guarantor, the Borrower or such Subsidiary, as the case may be, when the same becomes
due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or
otherwise), and such failure shall continue after the applicable grace period, if any, specified in
the agreement or instrument relating to such Indebtedness; or any other event shall occur or
condition shall exist under any agreement or instrument relating to any such Indebtedness and shall
continue after the applicable grace period, if any, specified in such agreement or instrument, if
the effect of such event or condition is to accelerate, or to permit the

 

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acceleration of, the scheduled maturity of such Indebtedness; or any such Indebtedness shall
be declared to be due and payable, or required to be prepaid (other than by a regularly scheduled
required prepayment), prior to the stated maturity thereof; or

     (f) Any Credit Party shall generally not pay its debts as such debts become due, or shall
admit in writing its inability to pay its debts generally, or shall make a general assignment for
the benefit of creditors; or any proceeding shall be instituted by or against any Credit Party
seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up,
reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts
under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking
the entry of an order for relief or the appointment of a receiver, trustee, custodian or other
similar official for it or for any substantial part of its property and, in the case of any such
proceeding instituted against any Credit Party (but not instituted by any Credit Party), either
such proceeding shall remain undismissed or unstayed for a period of 60 days, or any of the actions
sought in such proceeding (including, without limitation, the entry of an order for relief against,
or the appointment of a receiver, trustee, custodian or other similar official for, any Credit
Party or for any substantial part of its property) shall occur; or any Credit Party shall take any
corporate action to authorize any of the actions set forth above in this paragraph (f); or

     (g) One or more Subsidiaries of the Guarantor (other than the Borrower) in which the aggregate
sum of (i) the amounts invested by the Guarantor and its other Subsidiaries in the aggregate, by
way of purchases of Capital Stock, Capital Leases, loans or otherwise, and (ii) the amount of
recourse, whether contractual or as a matter of law (but excluding Non-Recourse Debt), available to
creditors of such Subsidiary or Subsidiaries against the Guarantor or any of its other
Subsidiaries, is $100,000,000 or more (collectively, “Substantial Subsidiaries”) shall generally
not pay their respective debts as such debts become due, or shall admit in writing their respective
inability to pay their debts generally, or shall make a general assignment for the benefit of
creditors; or any proceeding shall be instituted by or against Substantial Subsidiaries seeking to
adjudicate them bankrupt or insolvent, or seeking liquidation, winding up, reorganization,
arrangement, adjustment, protection, relief, or composition of them or their respective debts under
any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the
entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar
official for them or for any substantial part of their respective property and, in the case of any
such proceeding instituted against Substantial Subsidiaries (but not instituted by the Guarantor or
any Subsidiary of the Guarantor), either such proceeding shall remain undismissed or unstayed for a
period of 60 days, or any of the actions sought in such proceeding (including, without limitation,
the entry of an order for relief against, or the appointment of a receiver, trustee, custodian or
other similar official for, the Substantial Subsidiaries or for any substantial part of their
respective property) shall occur; or Substantial Subsidiaries shall take any corporate action to
authorize any of the actions set forth above in this paragraph (g); or

     (h) Any judgment or order for the payment of money in excess of $50,000,000 shall be rendered
against the Borrower, the Guarantor or any of its other Subsidiaries and either (i) enforcement
proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there
shall be any period of 30 consecutive days during which a stay of enforcement of such judgment or
order, by reason of a pending appeal or otherwise, shall not be in effect; or

 

53

     (i) Any ERISA Event shall have occurred with respect to a Plan and, 30 days after notice
thereof shall have been given to the Guarantor or the Borrower by the Administrative Agent, (i)
such ERISA Event shall still exist and (ii) the sum (determined as of the date of occurrence of
such ERISA Event) of the Insufficiency of such Plan and the Insufficiency of any and all other
Plans with respect to which an ERISA Event shall have occurred and then exist (or, in the case of a
Plan with respect to which an ERISA Event described in clauses (c) through (f) of the definition of
ERISA Event shall have occurred and then exist, the liability related thereto) is equal to or
greater than $10,000,000 (when aggregated with paragraphs (j), (k) and (l) of this Section), and a
Material Adverse Effect could reasonably be expected to occur as a result thereof; or

     (j) The Guarantor or any ERISA Affiliate shall have been notified by the sponsor of a
Multiemployer Plan that it has incurred Withdrawal Liability to such Multiemployer Plan in an
amount which, when aggregated with all other amounts required to be paid to Multiemployer Plans by
the Guarantor and its ERISA Affiliates as Withdrawal Liability (determined as of the date of such
notification), exceeds $10,000,000 or requires payments exceeding $10,000,000 per annum (in either
case, when aggregated with paragraphs (i), (k) and (l) of this Section), and a Material Adverse
Effect could reasonably be expected to occur as a result thereof; or

     (k) The Guarantor or any ERISA Affiliate shall have been notified by the sponsor of a
Multiemployer Plan that such Multiemployer Plan is in reorganization or is being terminated, within
the meaning of Title IV of ERISA, if as a result of such reorganization or termination the
aggregate annual contributions of the Guarantor and its ERISA Affiliates to all Multiemployer Plans
which are then in reorganization or being terminated have been or will be increased over the
amounts contributed to such Multiemployer Plans for the respective plan year of each such
Multiemployer Plan immediately preceding the plan year in which the reorganization or termination
occurs by an amount exceeding $10,000,000 (when aggregated with paragraphs (i), (j) and (l) of this
Section), and a Material Adverse Effect could reasonably be expected to occur as a result thereof;
or

     (l) The Guarantor or any ERISA Affiliate shall have committed a failure described in Section
303(k)(1) of ERISA and the amount determined under Section 303(k)(3) of ERISA is equal to or
greater than $10,000,000 (when aggregated with paragraphs (i), (j) and (k) of this Section), and a
Material Adverse Effect could reasonably be expected to occur as a result thereof; or

     (m) Any provision of the Credit Documents shall be held by a court of competent jurisdiction
to be invalid or unenforceable against any Credit Party purported to be bound thereby, or any
Credit Party shall so assert in writing; or

     (n) Any Change of Control shall occur;

then, and in any such event, the Administrative Agent (i) shall at the request, or may with the
consent, of the Required Lenders, by notice to the Borrower, declare the Commitment of each Lender,
the obligation of the Swingline Lender to make or maintain Swingline Loans and the obligation of
each LC Bank to issue or maintain Letters of Credit hereunder to be terminated, whereupon the same
shall forthwith terminate, and (ii) shall at the request or with the consent of

 

54

the Required Lenders, by notice to the Borrower, declare all amounts payable under this Agreement
to be forthwith due and payable, whereupon all such amounts shall become and be forthwith due and
payable, without presentment, demand, protest or further notice of any kind, all of which are
hereby expressly waived by the Borrower; provided that in the event of an actual or deemed entry of
an order for relief with respect to any Credit Party under the Federal Bankruptcy Code, (1) the
Commitment of each Lender, the obligation of the Swingline Lender to make or maintain Swingline
Loans and the obligation of each LC Bank to issue or maintain Letters of Credit hereunder shall
automatically be terminated and (2) all such amounts shall automatically become and be due and
payable, without presentment, demand, protest or any notice of any kind, all of which are hereby
expressly waived by the Borrower.

     Notwithstanding anything to the contrary contained herein, no notice given or declaration made
by the Administrative Agent pursuant to this Section 8.01 shall affect (i) the obligation of any LC
Bank to make any payment under any outstanding Letter of Credit issued by such LC Bank in
accordance with the terms of such Letter of Credit, (ii) the obligations of each Lender in respect
of each such Letter of Credit or (iii) the obligation of each Lender to purchase its pro rata share
of any Swingline Loans; provided, however, that upon the occurrence and during the continuance of
any Event of Default, the Administrative Agent shall at the request, or may with the consent, of
the Required Lenders, upon notice to the Borrower, require the Borrower to deposit with the
Administrative Agent an amount in the cash account (the “Cash Account”) described below equal to
the then current LC Outstandings. Such Cash Account shall at all times be free and clear of all
rights or claims of third parties. The Cash Account shall be maintained with the Administrative
Agent in the name of, and under the sole dominion and control of, the Administrative Agent, and
amounts deposited in the Cash Account shall bear interest at a rate equal to the rate generally
offered by Barclays for deposits equal to the amount deposited by the Borrower in the Cash Account
pursuant to this Section 8.01, for a term to be agreed to between the Borrower and the
Administrative Agent. If any drawings under any Letter of Credit then outstanding or thereafter
made are not reimbursed in full immediately upon demand or, in the case of subsequent drawings,
upon being made, then, in any such event, the Administrative Agent may apply the amounts then on
deposit in the Cash Account, in such priority as the Administrative Agent shall elect, toward the
payment in full of any or all of the Borrower’s obligations hereunder as and when such obligations
shall become due and payable. Upon payment in full, after the termination of the Letters of
Credit, of all such obligations, the Administrative Agent will repay to the Borrower any cash then
on deposit in the Cash Account.

ARTICLE IX

THE ADMINISTRATIVE AGENT

     SECTION 9.01. The Administrative Agent.

     (a) Each of the Lenders and each LC 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.

     (b) The Person 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

 

55

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 any Credit Party or any
of such Credit Party’s Subsidiaries or other Affiliates thereof as if it were not the
Administrative Agent hereunder.

     (c) The Administrative Agent shall not have any duties or obligations except those expressly
set forth herein. Without limiting the generality of the foregoing, (i) the Administrative Agent
shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has
occurred and is continuing, (ii) 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 by
the Required Lenders, and (iii) 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, the Guarantor or any of its other 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 not taken by it
with the consent or at the request of the Required Lenders (or, if applicable, all of the Lenders)
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 (1) any statement, warranty or
representation made in or in connection with this Agreement, (2) the contents of any certificate,
report or other document delivered hereunder or in connection herewith, (3) the performance or
observance of any of the covenants, agreements or other terms or conditions set forth herein, (4)
the validity, enforceability, effectiveness or genuineness of this Agreement or any other
agreement, instrument or document, or (5) the satisfaction of any condition set forth in Article
III or elsewhere herein, other than to confirm receipt of items expressly required to be delivered
to the Administrative Agent and the conformity thereof to such express requirement.

     (d) 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 a Credit
Party) 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.

     (e) 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

 

56

activities in connection with the syndication of the credit facilities provided for herein as
well as activities as Administrative Agent.

     (f) 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 and the
Credit Parties. Upon any such resignation, the Required Lenders shall have the right, with the
consent of the Borrower (which consent shall not unreasonably be withheld), to appoint a successor,
provided that no such consent of the Borrower shall be required if an Event of Default has occurred
and is continuing. If no successor shall have been so appointed by the Required Lenders and shall
have accepted such appointment within 30 days after the retiring Administrative Agent gives notice
of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders, 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, in any event having total assets in excess of $500,000,000 and who
shall serve until such time, if any, as an Agent shall have been appointed as provided above. 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 Administrative Agent’s resignation hereunder, the
provisions of this Article and Section 11.03 shall continue in effect for its benefit in respect of
any actions taken or omitted to be taken by it while it was acting as Administrative Agent.

     (g) 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.

     (h) No Lender identified on the signature pages of this Agreement as a “Lead Arranger”,
“Co-Documentation Agent” or “Syndication Agent”, or that is given any other title hereunder other
than “LC Bank”, “Swingline Lender” or “Administrative Agent”, shall have any right, power,
obligation, liability, responsibility or duty under this Agreement other than those applicable to
all Lenders as such. Without limiting the generality of the foregoing, no Lender so identified as
a “Lead Arranger”, “Co-Documentation Agent” or “Syndication Agent” or that is given any other title
hereunder, shall have, or be deemed to have, any fiduciary relationship with any Lender. Each
Lender acknowledges that it has not relied, and will not rely, on the Lenders so identified in
deciding to enter into this Agreement or in taking or not taking action hereunder.

     (i) Notwithstanding anything to the contrary herein or in any other Credit Document, the
authority to enforce rights and remedies hereunder and in the other Credit Documents against the
Credit Parties or any of them shall be vested exclusively in, and all actions and proceedings at
law in connection with such enforcement shall be instituted and maintained exclusively by, the

 

57

Administrative Agent in accordance with Section 8.01 for the benefit of all the Lenders and LC
Banks; provided, however, that the foregoing shall not prohibit (i) the Administrative Agent from
exercising on its own behalf the rights and remedies that inure to its benefit (solely in its
capacity as Administrative Agent) hereunder and under the other Credit Documents, (ii) the LC Banks
or the Swingline Lender from exercising the rights and remedies that inure to its benefit (solely
in its capacity as LC Bank or Swingline Lender, as the case may be) hereunder and under the other
Credit Documents, (iii) any Lender from exercising setoff rights in accordance with Section 11.08
(subject to the terms of Section 2.18(c)) or (iv) any Lender from filing proofs of claim or
appearing and filing pleadings on its own behalf during the pendency of a Bankruptcy Event relative
to any Credit Party; and provided, further, that if at any time there is no Person acting as
Administrative Agent hereunder and under the other Credit Documents, then (A) the Required Lenders
shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 8.01 and
(B) in addition to the matters set forth in clauses (ii), (iii) and (iv) of the preceding proviso
and subject to Section 2.18(c), any Lender may, with the consent of the Required Lenders, enforce
any rights and remedies available to it and as authorized by the Required Lenders.

ARTICLE X

GUARANTY

     SECTION 10.01. The Guaranty.

     (a) The Guarantor, as primary obligor and not merely as a surety, hereby irrevocably,
absolutely and unconditionally guarantees to the Administrative Agent and the Lenders and each of
their respective successors, endorsees, transferees and assigns (each a “Beneficiary” and
collectively, the “Beneficiaries”) the prompt and complete payment by the Borrower, as and when due
and payable, of the Obligations, in accordance with the terms of the Credit Documents. The
provisions of this Article X are sometimes referred to hereinafter as the “Guaranty”.

     (b) The Guarantor hereby guarantees that the Obligations will be paid strictly in accordance
with the terms of the Credit Documents, regardless of any law now or hereafter in effect in any
jurisdiction affecting any such terms or the rights of the Beneficiaries with respect thereto. The
obligations and liabilities of the Guarantor under this Guaranty shall be absolute and
unconditional irrespective of: (i) any lack of validity or enforceability of any of the
Obligations or any Credit Document, or any delay, failure or omission to enforce or agreement not
to enforce, or the stay or enjoining, by order of court, by operation of law or otherwise, of the
exercise of any right with respect to the foregoing (including, in each case, without limitation,
as a result of the insolvency, bankruptcy or reorganization of any Beneficiary, the Borrower or any
other Person); (ii) any change in the time, manner or place of payment of, or in any other term in
respect of, all or any of the Obligations, or any other amendment or waiver of or consent to any
departure from the Credit Documents or any agreement or instrument relating thereto; (iii) any
exchange or release of, or non-perfection of any Lien on or in any collateral, or any release,
amendment or waiver of, or consent to any departure from, any other guaranty of, or agreement
granting security for, all or any of the Obligations; (iv) any claim, set-off, counterclaim,
defense or other rights that the Guarantor may have at any time and from time to time against any
Beneficiary or any other Person, whether in connection with this Transaction or any unrelated
transaction; or (v) any other circumstance that might otherwise constitute a defense available to,

 

58

or a discharge of, the Borrower or any other guarantor or surety in respect of the Obligations
or the Guarantor in respect hereof.

     (c) The Guaranty provided for herein (i) is a guaranty of payment and not of collection; (ii)
is a continuing guaranty and shall remain in full force and effect until the Commitments and
Letters of Credit have been terminated and the Obligations have been paid in full in cash; and
(iii) shall continue to be effective or shall be reinstated, as the case may be, if at any time any
payment, or any part thereof, of any of the Obligations is rescinded or must otherwise be returned
by any Beneficiary upon or as a result of the insolvency, bankruptcy, dissolution, liquidation or
reorganization of the Borrower or otherwise, all as though such payment had not been made.

     (d) The obligations and liabilities of the Guarantor hereunder shall not be conditioned or
contingent upon the pursuit by any Beneficiary or any other Person at any time of any right or
remedy against the Borrower or any other Person that may be or become liable in respect of all or
any part of the Obligations or against any collateral security or guaranty therefor or right of
setoff with respect thereto.

     (e) The Guarantor hereby consents that, without the necessity of any reservation of rights
against the Guarantor and without notice to or further assent by the Guarantor, any demand for
payment of any of the Obligations made by any Beneficiary may be rescinded by such Beneficiary and
any of the Obligations continued after such rescission.

     (f) The Guarantor’s obligations under this Guaranty shall be unconditional, irrespective of
any lack of capacity of the Borrower or any lack of validity or enforceability of any other
provision of this Agreement or any other Credit Document, and this Guaranty shall not be affected
in any way by any variation, extension, waiver, compromise or release of any or all of the
Obligations or of any security or guaranty from time to time therefor.

     (g) The obligations of the Guarantor under this Guaranty shall not be reduced, limited,
impaired, discharged, deferred, suspended or terminated by any proceeding or action, voluntary or
involuntary, involving the bankruptcy, insolvency, receivership, reorganization, marshalling of
assets, assignment for the benefit of creditors, composition with creditors, readjustment,
liquidation or arrangement of the Borrower or any similar proceedings or actions, or by any defense
the Borrower may have by reason of the order, decree or decision of any court or administrative
body resulting from any such proceeding or action. Without limiting the generality of the
foregoing, the Guarantor’s liability shall extend to all amounts and obligations that constitute
the Obligations and would be owed by the Borrower, but for the fact that they are unenforceable or
not allowable due to the existence of any such proceeding or action.

     SECTION 10.02. Waivers.

     (a) The Guarantor hereby unconditionally waives: (i) promptness and diligence; (ii) notice of
or proof of reliance by the Administrative Agent or the Lenders upon this Guaranty or acceptance of
this Guaranty; (iii) notice of the incurrence of any Obligation by the Borrower or the renewal,
extension or accrual of any Obligation or of any circumstances affecting the Borrower’s financial
condition or ability to perform the Obligations; (iv) notice of any actions

 

59

taken by the Beneficiaries or the Borrower or any other Person under any Credit Document or
any other agreement or instrument relating thereto; (v) all other notices, demands and protests,
and all other formalities of every kind in connection with the enforcement of the Obligations, of
the obligations of the Guarantor hereunder or under any other Credit Document, the omission of or
delay in which, but for the provisions of this Section 10 might constitute grounds for relieving
the Guarantor of its obligations hereunder; (vi) any requirement that the Beneficiaries protect,
secure, perfect or insure any Lien or any property subject thereto, or exhaust any right or take
any action against the Borrower or any other Person or any collateral; and (vii) each other
circumstance, other than payment of the Obligations in full, that might otherwise result in a
discharge or exoneration of, or constitute a defense to, the Guarantor’s obligations hereunder.

     (b) No failure on the part of any Beneficiary to exercise, and no delay in exercising, any
right, remedy, power or privilege hereunder or under any Credit Document or any other agreement or
instrument relating thereto shall operate as a waiver thereof, nor shall any single or partial
exercise of any right, remedy, power or privilege hereunder or under any Credit Document or any
other agreement or instrument relating thereto preclude any other or further exercise thereof or
the exercise of any other right, remedy, power or privilege. This Guaranty is in addition to and
not in limitation of any other rights, remedies, powers and privileges the Beneficiaries may have
by virtue of any other instrument or agreement heretofore, contemporaneously herewith or hereafter
executed by the Guarantor or any other Person or by applicable law or otherwise. All rights,
remedies, powers and privileges of the Beneficiaries shall be cumulative and may be exercised
singly or concurrently. The rights, remedies, powers and privileges of the Beneficiaries under
this Guaranty against the Guarantor are not conditional or contingent on any attempt by the
Beneficiaries to exercise any of their rights, remedies, powers or privileges against any other
guarantor or surety or under the Credit Documents or any other agreement or instrument relating
thereto against the Borrower or against any other Person.

     (c) The Guarantor hereby acknowledges and agrees that, until the Commitments have been
terminated and all of the Obligations have been paid in full in cash, under no circumstances shall
it be entitled to be subrogated to any rights of any Beneficiary in respect of the Obligations
performed by it hereunder or otherwise, and the Guarantor hereby expressly and irrevocably waives,
until the Commitments have been terminated and all of the Obligations have been paid in full in
cash, (i) each and every such right of subrogation and any claims, reimbursements, right or right
of action relating thereto (howsoever arising), and (ii) each and every right to contribution,
indemnification, set-off or reimbursement, whether from the Borrower or any other Person now or
hereafter primarily or secondarily liable for any of the Obligations, and whether arising by
contract or operation of law or otherwise by reason of the Guarantor’s execution, delivery or
performance of this Guaranty.

     (d) The Guarantor represents and warrants that it has established adequate means of keeping
itself informed of the Borrower’s financial condition and of other circumstances affecting the
Borrower’s ability to perform the Obligations, and agrees that neither the Administrative Agent nor
any Lender shall have any obligation to provide to the Guarantor any information it may have, or
hereafter receive, in respect of the Borrower.

 

60

ARTICLE XI

MISCELLANEOUS

     SECTION 11.01. Notices.
Except in the case of notices and other communications expressly permitted to be given by
telephone, 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, as follows:

     (a) if to any Credit Party, to it at:

801 East 86th Avenue

Merrillville, Indiana 46410

Attention: Treasurer

Telecopier: (219) 647-6060;

with a copy to such Credit Party at:

801 East 86th Avenue

Merrillville, Indiana 46410

Attention: Director Corporate Finance and Treasury

Telecopier: (219) 647-6180;

     (b) if to the Administrative Agent, to Barclays Bank PLC at:

c/o Barclays Capital Services LLC

1301 Sixth Avenue

New York, New York 10019

Attn: Merrie Wellesley

Telecopier: (917) 522-0569

Email: merrie.wellesley@barcap.com

Email: xraUSLoanOps5@Barclays Capital.com

with a copy to such party at:

745 Seventh Avenue

New York, NY 10019

Attn: Alicia Borys and Vanessa Kurbatskiy

Telecopier: (212) 526-5115

Email: alicia.borys@barcap.com

Email: vanessa.kurbatskiy@barcap.com

     (c) if to the Initial LC Bank, to Barclays Bank PLC at:

200 Park Avenue

New York, NY 10166

 

61

Attn: Letters of Credit / Dawn Townsend

Telecopier: (212) 412 5011

Email: xraletterofcredit@baclayscapital.com

     (d) if to any Lender, any LC Bank other than the Initial LC Bank or the Swingline Lender, to
it at its address (or telecopy number) set forth in its Administrative Questionnaire.

     Any party hereto may change its address or telecopy number 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.

     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.

     SECTION 11.02. Waivers; Amendments.

     (a) No failure or delay by the Administrative Agent, any LC 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 LC Banks 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 any Credit Party
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, no Extension of
Credit shall be construed as a waiver of any Default, regardless of whether the Administrative
Agent, any LC Bank or any Lender 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, the Guarantor and
the Required Lenders or by the Borrower, the Guarantor and the Administrative Agent with the
consent of the Required Lenders; provided that no such agreement shall (i) increase the Commitment
of any Lender without the written consent of such Lender, (ii) reduce the principal amount of any
Loan or any Unreimbursed LC Disbursement or reduce the rate of interest thereon, or reduce any fees
or other amounts payable hereunder, without the written consent of each Lender affected thereby,
(iii) postpone the scheduled date of payment of the principal amount of any Loan, any Unreimbursed
LC Disbursement or any interest thereon, or any fees or other amounts payable hereunder, or reduce
the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of
any Commitment,

 

62

without the written consent of each Lender 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, (v) release the Guarantor from its obligations under the Guaranty
without the written consent of each Lender, (vi) waive any of the conditions precedent to the
effectiveness of this Agreement set forth in Section 3.01 without the written consent of each
Lender, (vii) issue any Letter of Credit with an expiry date, or extend the expiry date of any
Letter of Credit to a date, that is later than the Termination Date without the written consent of
each Lender, or (viii) 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 or any LC
Bank hereunder without the prior written consent of the Administrative Agent or such LC Bank, as
the case may be.

     SECTION 11.03. 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 initial 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 LC Banks, including the reasonable fees, charges and disbursements of counsel for
each LC Bank, in connection with the execution, delivery, administration, modification and
amendment of any Letters of Credit to be issued by it hereunder, and (iii) all reasonable
out-of-pocket expenses incurred by the Administrative Agent, any LC Bank or any Lender, including
the reasonable fees, charges and disbursements of any counsel for the Administrative Agent, any LC
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
and Letters of Credit issued hereunder, including in connection with any workout, restructuring or
negotiations in respect thereof.

     (b) The Borrower shall indemnify the Administrative Agent, the Syndication Agent, each
Co-Documentation Agent, each LC Bank, each Lender and the Swingline 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
reasonable expenses, including the reasonable 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 transaction contemplated hereby,
(ii) any Loan or Letter of Credit or the use of the proceeds therefrom, (iii) any actual or alleged
presence or release of Hazardous Materials on or from any property now, in the past or hereafter
owned or operated by the Borrower, the Guarantor or any of its other Subsidiaries, or any
Environmental Liability related in any way to the Borrower, the Guarantor or any of its other
Subsidiaries, or (iv) any actual or prospective claim, litigation,

 

63

investigation or proceeding relating to any of the foregoing, whether based on contract, tort
or any other theory, whether brought by a third party or by the Borrower or any of its
Subsidiaries, 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.

     (c) To the extent that the Borrower fails to pay any amount required to be paid by it to the
Administrative Agent or any LC Bank under paragraph (a) or (b) of this Section, each Lender
severally agrees to pay to the Administrative Agent or such LC Bank 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 or such LC Bank in its capacity as such.

     (d) To the extent permitted by applicable law, (i) the Borrower shall not assert, and does
hereby waive, any claim against any Indemnitee for any damages arising from the use by others of
information or other materials obtained through telecommunications, electronic or other information
transmission systems (including the Internet), and (ii) each party hereto shall not assert, and
hereby waives, any claim against each other party, 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 or any Loan or the use of the proceeds thereof.

     (e) All amounts due under this Section shall be payable not later than 20 days after written
demand therefor.

     SECTION 11.04. 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; provided that, (i)
except to the extent permitted pursuant to Section 6.01(b)(ii) and (iii), no Credit Party may
assign or otherwise transfer any of its rights or obligations hereunder without the prior written
consent of each Lender and each LC Bank (and any attempted assignment or transfer by a Credit Party
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 and, to the extent
expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the
Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

     (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may
assign to one or more assignees 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:

 

64

     (A) the Borrower (provided that the Borrower shall be deemed to have consented
to any such assignment unless it shall object thereto by written notice to the
Administrative Agent within ten (10) 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; and

     (C) each LC 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,
provided that this clause shall not be construed to prohibit the assignment of a
proportionate part of all the assigning Lender’s rights and obligations in respect
of one Class of Commitments or Loans;

     (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, such fee to be paid by either the assigning Lender or the
assignee Lender or shared between such Lenders;

     (D) 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 Borrower and its
affiliates and 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;

     (E) without the prior written consent of the Administrative Agent, no
assignment shall be made to a prospective assignee that bears a relationship to the
Borrower described in Section 108(e)(4) of the Code; and

     (F) no assignment shall be made to any Affiliate of any Credit Party.

 

65

     For the purposes of this Section 11.04(b), the term “Approved Fund” has the following meaning:

     “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.

     Subject to acceptance and recording thereof pursuant to paragraph (d) 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 11.03). Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this paragraph 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 (e) of this Section.

     (c) The Administrative Agent, acting for this purpose as an agent of the Borrower, shall
maintain at one of its offices in The City of New York 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 other Obligations owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall
be conclusive (absent manifest error), and the Borrower, the Administrative Agent, the LC Banks and
the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the
contrary.

     (d) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning
Lender and an assignee, 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. No assignment shall be effective for purposes of
this Agreement unless it has been recorded in the Register as provided in this paragraph.

     (e) Any Lender may, without the consent of the Borrower or the Administrative Agent, sell
participations to one or more banks or other entities (a “Participant”) 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 (i) such Lender’s obligations under this Agreement shall
remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations and (iii) the Borrower, the Guarantor and

 

66

the Administrative Agent 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 11.02(b) that affects such
Participant. Subject to paragraph (f) of this Section, the Borrower agrees that each Participant
shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 to the same extent as if it were
a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section.

     (f) A Participant shall not be entitled to receive any greater payment under Section 2.15 or
2.17 than the applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, unless the sale of the participation to such Participant is
made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it
were a Lender shall not be entitled to the benefits of Section 2.17 unless the Borrower is notified
of the participation sold to such Participant and such Participant agrees, for the benefit of the
Borrower, to comply with Section 2.17(e) as though it were a Lender.

     (g) 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, without
limitation, 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
assignee for such Lender as a party hereto.

     SECTION 11.05. Survival. All covenants, agreements, representations and warranties made by
the Borrower and the Guarantor 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. The provisions of Sections 2.15, 2.16, 2.17,
10.01(c)(iii) and 11.03 and Article IX 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 Commitments or the termination of this Agreement or any provision
hereof.

     SECTION 11.06. 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, the commitment letter relating to the credit facility provided hereby (to the
extent provided therein) and any separate letter agreements with respect to fees payable to the
Administrative Agent 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 3.01, 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

 

67

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 facsimile or other electronic
imaging shall be effective as delivery of a manually executed counterpart of this Agreement.

     SECTION 11.07. 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
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 11.08. Right of Setoff. If an Event of Default shall have occurred and be continuing,
each Lender and each LC Bank or any Affiliate of either 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) at any time held and other indebtedness
at any time owing by such Lender to or for the credit or the account of any Credit Party against
any of and all the Obligations now or hereafter existing under this Agreement held by such Lender
or such LC Bank, irrespective of whether or not such Lender or such LC Bank shall have made any
demand under this Agreement and although such Obligations may be unmatured. The rights of each
Lender and each LC Bank under this Section are in addition to other rights and remedies (including
other rights of setoff) which such Lender may have.

     SECTION 11.09. Governing Law; Jurisdiction; Consent to Service of Process.

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

     (b) Each Credit Party hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in
the Borough of Manhattan and of the United States District Court of 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, any LC Bank or any Lender may otherwise have to bring any action or
proceeding relating to this Agreement against any Credit Party or its properties in the courts of
any jurisdiction.

     (c) Each Credit Party 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.

 

68

     (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 11.01. 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 11.10. 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 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 11.11. 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 11.12. Confidentiality. Each of the Administrative Agent and the Lenders agrees to
maintain the confidentiality of the Information (as defined below), except that Information may be
disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including
accountants, legal counsel and other advisors (it being understood that the Persons to whom such
disclosure is made will be informed of the confidential nature of such Information and instructed
to keep such Information confidential), (b) to the extent requested by any regulatory authority
(including any self-regulatory authority, such as the National Association of Insurance
Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or
similar legal process, (d) to any other party to this Agreement, (e) in connection with the
exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or
the enforcement of rights hereunder, (f) subject to an agreement containing provisions
substantially the same as those of this Section, to (i) any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations under this Agreement or
(ii) actual or prospective counterparty (or its advisors) to any swap or derivative transaction or
any credit insurance provider, in each case, relating to the Borrower and its obligations, (g) with
the consent of the Borrower or (h) to the extent such Information (i) becomes publicly available
other than as a result of a breach of this Section or (ii) becomes available to the Administrative
Agent, any LC Bank or any Lender on a nonconfidential basis from a source other than a Credit Party
or any Subsidiary of a Credit Party. For the purposes of this Section, “Information” means all
information received from any Credit Party or any Subsidiary of a Credit Party relating to a Credit
Party or any Subsidiary of a Credit Party or its respective businesses, other than any such
information that is available to the Administrative Agent, any LC Bank or any Lender on a
nonconfidential basis prior to disclosure by any Credit Party or any Subsidiary of a Credit Party;
provided that, in the case of information received from any Credit Party or any Subsidiary of a
Credit Party after the Effective Date, such information is clearly identified at the time of
delivery as confidential. Any Person required to maintain the

 

69

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.

     SECTION 11.13. USA PATRIOT Act. Each Lender hereby notifies the Credit Parties that pursuant
to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October
26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the
Credit Parties, which information includes the name and address of the Credit Parties and other
information that will allow such Lender to identify the Credit Parties in accordance with the Act.

     SECTION 11.14. Acknowledgments. Each of the Guarantor and the Borrower hereby acknowledges
that:

     (a) it has been advised by and consulted with its own legal, accounting, regulatory and tax
advisors (to the extent it deemed appropriate) in the negotiation, execution and delivery of this
Agreement and the other Credit Documents;

     (b) neither any Arranger, any Agent nor any Lender has any fiduciary relationship with or duty
to the Guarantor or the Borrower arising out of or in connection with this Agreement or any of the
other Credit Documents, and the relationship between any Arranger, the Administrative Agent and the
Lenders, on one hand, and the Guarantor and the Borrower, on the other hand, in connection herewith
or therewith is solely that of debtor and creditor, and, to the fullest extent permitted by law,
each of the Guarantor and the Borrower hereby waives and releases any claims that it may have
against the Administrative Agent, the Arrangers and the Lenders with respect to any breach or
alleged breach of agency or fiduciary duty in connection with any aspect of any transaction
contemplated hereby;

     (c) it is capable of evaluating, and understands and accepts, the terms, risks and conditions
of the transactions contemplated hereby and by the other Credit Documents; and

     (d) no joint venture is created hereby or by the other Credit Documents or otherwise exists by
virtue of the transactions contemplated hereby among the Arrangers, the Administrative Agent and
the Lenders or among the Guarantor, the Borrower and the Lenders.

 

 

     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.

	 	 	 	 	 
	 	NISOURCE FINANCE CORP., as Borrower

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	Federal Tax Identification Number: 35-2105468

NISOURCE INC., as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	Federal Tax Identification Number: 35-2108964

 	 

Signature Page to

Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	BARCLAYS BANK PLC, as a Lender, as Swingline Lender,
as an LC Bank and as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to

Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender and as Syndication Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to

Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	[OTHER LENDERS], as a Lender [and as a

Co-Documentation Agent]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to

Revolving Credit Agreement

 

 

Annex A

PRICING GRID

     The “Applicable Rate” for any day with respect to any Eurodollar Loan, ABR Loan, Facility
Fee or LC Risk Participation Fee, as the case may be, is the percentage set forth below in the
applicable row under the column corresponding to the Status that exists on such day:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Status	 	Level I	 	Level II	 	Level III	 	Level IV	 	Level V	 	Level VI
	Eurodollar
Revolving Loans
(basis points)
	 	 	110	 	 	 	130	 	 	 	150	 	 	 	170	 	 	 	185	 	 	 	195	 
	ABR Loans
(basis points)
	 	 	10	 	 	 	30	 	 	 	50	 	 	 	70	 	 	 	85	 	 	 	95	 
	Facility Fee
(basis points)
	 	 	15	 	 	 	20	 	 	 	25	 	 	 	30	 	 	 	40	 	 	 	55	 
	LC Risk
Participation Fee
(basis points)
	 	 	110	 	 	 	130	 	 	 	150	 	 	 	170	 	 	 	185	 	 	 	195	 

     For purposes of this Pricing Grid, the following terms have the following meanings (as
modified by the provisos below):

     “Level I Status” exists at any date if, at such date, the Index Debt is rated either A- or
higher by S&P or A3 or higher by Moody’s.

     “Level II Status” exists at any date if, at such date, the Index Debt is rated either BBB+ by
S&P or Baa1 by Moody’s.

     “Level III Status” exists at any date if, at such date, the Index Debt is rated either BBB by
S&P or Baa2 by Moody’s.

     “Level IV Status” exists at any date if, at such date, the Index Debt is rated either BBB- by
S&P or Baa3 by Moody’s.

     “Level V Status” exists at any date if, at such date, the Index Debt is rated either BB+ by
S&P or Ba1 by Moody’s.

     “Level VI Status” exists at any date if, at such date, no other Status exists.

     “Status” refers to the determination of which of Level I Status, Level II Status, Level III
Status, Level IV Status, Level V Status or Level VI Status exists at any date.

The credit ratings to be utilized for purposes of this Pricing Grid are those assigned to the Index
Debt, and any rating assigned to any other debt security of the Borrower shall be disregarded. The
rating in effect at any date is that in effect at the close of business on such date.

Provided, that the applicable Status shall change as and when the applicable Index Debt ratings
change.

Annex A-1

 

Provided further, that if the Index Debt is split-rated, the applicable Status shall be determined
on the basis of the higher of the two ratings then applicable; provided further, that, if the Index
Debt is split-rated by two or more levels, the applicable Status shall instead be determined on the
basis of the rating that is one level above the lower of the two ratings then applicable.

Provided further, that if both Moody’s and S&P, or their successors as applicable, shall have
ceased to issue or maintain such ratings, then the applicable Status shall be Level VI.

Annex A-2

 

EXHIBIT A

ASSIGNMENT AND ASSUMPTION

     This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the
Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the
“Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used
but not defined herein shall have the meanings given to them in the Credit Agreement identified
below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby
acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached
hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment
and Assumption as if set forth herein in full.

     For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the
Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to
and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the
Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s
rights and obligations in its capacity as a Lender under the Credit Agreement and any other
documents or instruments delivered pursuant thereto to the extent related to the amount and
percentage interest identified below of all of such outstanding rights and obligations of the
Assignor under the respective facilities identified below (including any letters of credit,
guarantees, and swingline loans included in such facilities) and (ii) to the extent permitted to be
assigned under applicable law, all claims, suits, causes of action and any other right of the
Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under
or in connection with the Credit Agreement, any other documents or instruments delivered pursuant
thereto or the loan transactions governed thereby or in any way based on or related to any of the
foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all
other claims at law or in equity related to the rights and obligations sold and assigned pursuant
to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii)
above being referred to herein collectively as the “Assigned Interest”). Such sale and
assignment is without recourse to the Assignor and, except as expressly provided in this Assignment
and Assumption, without representation or warranty by the Assignor.

	 	 	 

	1. Assignor:
	 	 
	 

	 	 
	 
	 	 
	2. Assignee:
	 	 
	 

	 	 
	 

	 	[and is an Affiliate/Approved Fund of [identify Lender]1]
	 
	 	 
	3. Borrower(s):

	 	NiSource Finance Corp., a
Delaware corporation
	 
	 	 
	4. Administrative Agent:

	 	Barclays Bank PLC, as the administrative agent under the Credit Agreement
	 
	 	 
	5. Credit Agreement:

	 	The Credit Agreement dated as of
March 3, 2011 among NiSource
Finance Corp., as borrower,
NiSource Inc., a Delaware
corporation, as guarantor, the
Lenders parties thereto, Barclays
Bank PLC, as Administrative
Agent, and the other agents
parties thereto

 

			
	1	 	Select as applicable.

Annex A-1

 

			
	6.	 	Assigned Interest:

	 	 	 	 	 
	Aggregate Amount of	 	Amount of	 	Percentage Assigned
	Commitment/Loans for all	 	Commitment/	 	of
	Lenders	 	Loans Assigned	 	Commitment/Loans2
	$
	 	$
	 	%
	$
	 	$
	 	%
	$
	 	$
	 	%

Effective Date: _____________ ___, 20___ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL
BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

The terms set forth in this Assignment and Assumption are hereby agreed to:

	 	 	 	 	 	 	 

	 	 	ASSIGNOR	 	 
	 
	 	 	 	 	 	 
	 	 	[NAME OF ASSIGNOR]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Title:
	 	 
	 
	 	 	 	 	 	 
	 	 	ASSIGNEE	 	 
	 
	 	 	 	 	 	 
	 	 	[NAME OF ASSIGNEE]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Title:
	 	 

	 	 	 	 	 

	Consented to and Accepted:	 	 
	 
	 	 	 	 
	BARCLAYS BANK PLC, as Administrative Agent and LC Bank	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Title:
	 	 
	 
	 	 	 	 
	[Consented to:]	 	 
	 
	 	 	 	 
	[__________], as LC Bank	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Title:
	 	 
	 
	 	 	 	 
	[BORROWER] 3	 	 

 

			
	2	 	Set forth, so at least 9 decimals, as a
percentage of the Commitment/Loans of all Lenders thereunder.
	 
	3	 	To be added only if the consent of the
Borrower is required by the terms of the Credit Agreement.

Annex A-2

 

	 	 	 	 	 

	By:
	 	 	 	 
	 

	 	 

Title:
	 	 

Annex A-3

 

ANNEX I

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

     1. Representations and Warranties.

     1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any
lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken
all action necessary, to execute and deliver this Assignment and Assumption and to consummate the
transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any
statements, warranties or representations made in or in connection with the Credit Agreement or any
other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial
condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in
respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its
Subsidiaries or Affiliates or any other Person of any of their respective obligations under any
Loan Document.

     1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power
and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and to become a Lender under the
Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement
that are required to be satisfied by it in order to acquire the Assigned Interest and become a
Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the
obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together
with copies of the most recent financial statements delivered pursuant to Section 5.01(h) thereof,
as applicable, and such other documents and information as it has deemed appropriate to make its
own credit analysis and decision to enter into this Assignment and Assumption and to purchase the
Assigned Interest on the basis of which it has made such analysis and decision independently and
without reliance on the Administrative Agent or any other Lender, (v) if it is a Non-U.S. Lender,
attached to the Assignment and Assumption is any documentation required to be delivered by it
pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and
(vi) it does not bear a relationship to the Borrower described in Section 108(e)(4) of the Code;
and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent,
the Assignor or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action
under the Loan Documents, and (ii) it will perform in accordance with their terms all of the
obligations which by the terms of the Loan Documents are required to be performed by it as a
Lender.

     2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of the Assigned Interest (including payments of principal, interest, fees
and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective
Date and to the Assignee for amounts which have accrued from and after the Effective Date.

     3. General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This
Assignment and Assumption may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature page of this
Assignment and Assumption by telecopy shall be effective as delivery of a manually executed
counterpart of this Assignment and

Exhibit A-1

 

Assumption. This Assignment and Assumption shall be governed by, and construed in accordance
with, the law of the State of New York.

Exhibit A-2

 

EXHIBIT B

FORM OF OPINION OF SCHIFF HARDIN LLP

 

 

Schedule 2.01

(Credit Agreement)

Names, Addresses, Allocation of Aggregate Commitment, and Applicable Percentages of Banks

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Domestic Lending	 	Eurodollar Lending	 	 	 	 	 	Applicable
	Bank Name	 	Office	 	Office	 	Commitment	 	Percentage
	Barclays Bank PLC

	 	Barclays Bank PLC
745 Seventh Avenue
New York, NY 10019
	 	Barclays Bank PLC
745 Seventh Avenue
New York, NY 10019
	 	$	135,000,000	 	 	 	9	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Credit Suisse AG,
Cayman Islands Branch

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	135,000,000	 	 	 	9	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	The Bank of
Tokyo-Mitsubishi UFJ,
Ltd.

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	95,000,000	 	 	6	1/3%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Citibank, N.A.

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	95,000,000	 	 	6
	1/3%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	JPMorgan Chase Bank,
N.A.

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	95,000,000	 	 	6
	1/3%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	The Bank of Nova Scotia

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	75,000,000	 	 	 	5	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	BNP Paribas

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	75,000,000	 	 	 	5	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Deutsche Bank AG New
York Branch

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	75,000,000	 	 	 	5	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	KeyBank National
Association

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	75,000,000	 	 	 	5	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Mizuho Corporate Bank
(USA)

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	75,000,000	 	 	 	5	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	The Northern Trust
Company

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	75,000,000	 	 	 	5	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	The Royal Bank of
Scotland plc

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	75,000,000	 	 	 	5	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	U.S. Bank National
Association

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	75,000,000	 	 	 	5	%

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Domestic Lending	 	Eurodollar Lending	 	 	 	 	 	Applicable
	Bank Name	 	Office	 	Office	 	Commitment	 	Percentage
	Wells Fargo Bank, N.A.

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	75,000,000	 	 	 	5	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Banco Bilbao Vizcaya
Argentaria, S.A., New
York Branch

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	45,000,000	 	 	 	3	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	The Bank of New York
Mellon

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	45,000,000	 	 	 	3	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	CoBank, ACB

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	45,000,000	 	 	 	3	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Fifth Third Bank

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	45,000,000	 	 	 	3	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	The Huntington
National Bank

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	45,000,000	 	 	 	3	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	PNC Bank, National
Association

	 	On file with the
Administrative
Agent
	 	On file with the
Administrative
Agent
	 	$	45,000,000	 	 	 	3	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL

	 	 	 	 	 	$	1,500,000,000	 	 	 	100	%

Swingline Lender:

	 	 	 	 	 
	Bank Name	 	Lending Office	 	Swingline Commitment*
	Barclays Bank PLC
	 	745 Seventh Avenue
New York, NY 10019
	 	$250,000,000

 

			
	*	 	Swingline Commitments expressed as totals for this Agreement. Swingline Commitments are
within, and not in addition to, the Swingline Lender’s Commitment as a Lender.

 

 

SCHEDULE 2.04

TRANSITIONAL LETTERS OF CREDIT

TO BE COMPLETED BY COMPANY

	 	 	 	 	 	 	 	 	 	 	 	 
	LETTER OF	 	 	 	 	 	EXPIRY	 	 	 	OUTSTANDING 
	CREDIT NO.	 	ISSUER	 	APPLICANT	 	DATE	 	BENEFICIARY	 	BALANCE
	SB 00399

	 	Barclays
	 	NiSource Insurance
Corp.
	 	7/1/2011
	 	Ace American Insurance
Company
	 	$	11,273,024
	SB 00116

	 	Barclays
	 	NiSource Insurance
Corp.
	 	3/15/2011
	 	Travelers Indemnity Co.
	 	$	2,500,000
	SB 00246

	 	Barclays
	 	NiSource Insurance
Corp.
	 	3/15/2011
	 	Employers Insurance of
Wausau a Mutual
Company
	 	$	400,000

 

 

SCHEDULE 6.01(e)

EXISTING AGREEMENTS

Receivables Purchase Agreements and Receivables Sales Agreement of (a) Columbia Gas of Ohio
Receivables Corporation, (b) Columbia Gas of Pennsylvania Receivables Corporation, (c) NIPSCO
Accounts Receivables Corporation and (d) any renewal, modification, extension or replacement of the
above, in each case, to provide for receivables financings upon terms and conditions not materially
more restrictive on the Guarantor and its Subsidiaries, taken as a whole, than the terms and
conditions of such renewed, modified, extended or replaced facility.Exhibit 10.1

Exhibit 10.1

INDEMNIFICATION AGREEMENT

This INDEMNIFICATION AGREEMENT (this “Agreement”), dated as of April
 _____, 2011, is between GTSI
Corp., a Delaware corporation (the “Company”), and
 _______________ 

(“Indemnitee”).

RECITALS

A. Indemnitee is a director of the Company and in such capacity is performing valuable
services for the Company.

B. The Company and Indemnitee recognize the difficulty in obtaining liability insurance, the
significant cost of such insurance and the periodic reduction in the coverage of such insurance for
a designated director.

C. The Company and Indemnitee further recognize the substantial increase in legal and
litigation risks such designated directors are exposed to, at the same time such liability
insurance is being severely limited, regarding matters reasonably believed to be in or not opposed
to the best interest of the Company.

D. The Company has adopted and its stockholders have approved bylaws, as amended (the
“Bylaws”) providing for the indemnification of the Company’s directors and officers to the full
extent permitted by Section 145 of the General Corporation Law of Delaware (the “Statute”).

E. The Bylaws and the Statute specifically provide that they are not exclusive, and they
thereby contemplate that contracts may be entered into between the Company and its directors and
officers with respect to indemnification.

F. To induce Indemnitee to serve or continue to serve the Company as its designated director,
the Company desires to confirm the contract indemnification rights provided in the Bylaws and the
Statute to provide Indemnitee with the benefits contemplated by this Agreement.

1. INDEMNITY OF INDEMNITEE

1.1. SCOPE

The Company agrees to hold harmless and indemnify Indemnitee to the full extent permitted by
law, the Company’s Restated Certificate of Incorporation, and its Bylaws. In the event of any
change, after the date of this Agreement, in any applicable law, statute or rule regarding the
right of a Delaware corporation to indemnify a member of its board of directors, such change, to
the extent it would expand Indemnitee’s rights hereunder, shall be included within Indemnitee’s
rights and the Company’s obligations hereunder, and, to the extent it would narrow Indemnitee’s
rights or the Company’s obligations hereunder, shall be excluded from this Agreement; provided,
however, that any change required by applicable laws, statutes or rules to be applied to this
Agreement shall be so applied regardless of whether the effect of such change is to narrow
Indemnitee’s rights or the Company’s obligations hereunder. For purposes of this Agreement, the
meaning of the phrase “to the full extent permitted by law” will include the fullest extent
permitted by Section 145 of the Statute or any section that replaces or succeeds Section 145 of the
Statute with respect to such matters.

 

 

 

GTSI Indemnification Agreement, April 2011, page 2 of 12

1.2. MANDATORY PAYMENT OF EXPENSES

To the extent that Indemnitee has been successful, on the merits or otherwise, in defense of
any Proceeding (as defined below), or in defense of any claim, issue or matter therein, Indemnitee
shall be indemnified against expenses (including attorneys’ fees) actually and reasonably incurred
by Indemnitee in connection therewith.

1.3. NONEXCLUSIVITY

The indemnification provided by this Agreement shall not be deemed exclusive of any rights to
which Indemnitee may be entitled under the Company’s Restated Certificate of Incorporation, the
Bylaws, any agreement, any vote of stockholders or disinterested directors, the Statute or
otherwise, whether as to action in Indemnitee’s official capacity or otherwise.

1.4. INCLUDED COVERAGE

If Indemnitee was or is made a party, or is threatened to be made a party to, or is otherwise
involved (including as a witness) in any Proceeding (as defined below), the Company shall hold
harmless and indemnify Indemnitee from and against any and all losses, claims, damages, liabilities
or expenses, including attorneys’ fees, judgments, fines, ERISA excise taxes or penalties, witness
fees, amounts paid in settlement and other expenses incurred in connection with such Proceeding
(collectively, “Damages”).

1.5. DEFINITION OF PROCEEDING

For purposes of this Agreement, “Proceeding” shall mean any completed, actual, pending or
threatened action, suit, claim or proceeding, whether civil, criminal, administrative or
investigative (including an action by or in the right of the Company) and whether formal or
informal, in which Indemnitee is, was or becomes involved by reason of the fact that Indemnitee is
or was a director, officer, employee, trustee or agent of the Company or that, being or having been
such a director, officer, employee, trustee or agent, Indemnitee is or was serving at the request
of the Company as a director, officer, employee, trustee or agent of another corporation or of a
partnership, joint venture, trust or other enterprise (collectively, a “Related Company”),
including service with respect to an employee benefit plan, whether the basis of such proceeding is
alleged action (or inaction) by Indemnitee in an official capacity as a director, officer,
employee, trustee or agent or in any other capacity while serving as a director, officer, employee,
trustee or agent; provided, however, that, except with respect to an action to enforce the
provisions of this Agreement, “Proceeding” shall not include any action, suit, claim or proceeding
instituted by or at the direction of Indemnitee, unless such action, suit, claim or proceeding is
or was authorized by the Company’s Board of Directors.

 

 

 

GTSI Indemnification Agreement, April 2011, page 3 of 12

1.6. DETERMINATION OF ENTITLEMENT

If a determination of Indemnitee’s entitlement to indemnification is required pursuant to
Section 145(d) of the Statute or a successor statute or pursuant to other applicable law, the
appropriate decision maker shall make such determination. The deadline for the Company to provide
Indemnitee with its determination is thirty days after the Proceeding has concluded.

1.7. CONTRIBUTION

If the indemnification provided under Section 1.1 is unavailable by reason of a court
decision, based on grounds other than any of those set forth in paragraphs (b) through (d) of
Section 4.1, then, in respect of any Proceeding in which the Company is jointly liable with
Indemnitee (or would be if joined in such Proceeding), the Company shall contribute to the amount
of Damages (including attorneys’ fees) actually and reasonably incurred and paid or payable by
Indemnitee in such proportion as is appropriate to reflect (a) the relative benefits received by
the Company on the one hand and Indemnitee on the other from the transaction from which such
Proceeding arose and (b) the relative fault of the Company on the one hand and of Indemnitee on the
other in connection with the events that resulted in such Damages as well as any other relevant
equitable considerations. The relative fault of the Company on the one hand and of Indemnitee on
the other shall be determined by reference to, among other things, the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent the circumstances resulting
in such Damages.

If the Proceeding results in a final judicial adjudication of the allocation of liability
between the Company and Indemnitee, that adjudication shall be binding on the Company and
Indemnitee. If the Proceeding does not result in a final adjudication of the allocation of
liability between the Company and Indemnitee, and the matter is disputed, then either the Company
or Indemnitee may submit the matter to arbitration supervised by the American Arbitration
Association and governed by the American Arbitration Association’s Commercial Arbitration Rules,
except that no discovery shall be permitted, and the arbitration must conclude within six months of
the matter’s submission.

1.8. SURVIVAL

The indemnification and contribution provided under this Agreement shall apply to any and all
Proceedings, notwithstanding that Indemnitee has ceased to serve the Company or a Related Company,
and shall continue so long as Indemnitee shall be subject to any possible Proceeding, whether
civil, criminal or investigative, by reason of the fact that Indemnitee was a director of the
Company or serving in any other capacity referred to in Section 1.5 of this Agreement.

 

 

 

GTSI Indemnification Agreement, April 2011, page 4 of 12

1.9. CHANGE OF CONTROL

The Company agrees that if there is a Change of Control (as defined below) of the Company,
then, with respect to all matters thereafter arising concerning the rights of Indemnitee to payment
of expenses and advancement of expenses under this Agreement or any other agreement or under the
Company’s Restated Certificate of Incorporation or Bylaws as now or hereafter in effect,
Independent Legal Counsel (as defined below) shall be selected by the Indemnitee and approved by
the Company, which approval shall not be unreasonably withheld, conditioned or delayed.  Such
Independent Legal Counsel, among other things, shall render its written opinion to the Company and
Indemnitee as to whether and to what extent Indemnitee would be permitted to be indemnified under
applicable law and the Company agrees to abide by such opinion.  The Company agrees to pay the
reasonable fees of the Independent Legal Counsel referred to above and to fully indemnify such
counsel against any and all expenses, claims, liabilities and damages arising out of or relating to
this Agreement or its engagement pursuant hereto.

1.10. DEFINITION OF CHANGE OF CONTROL

For purposes of this Agreement, a “Change of Control” shall be deemed to have occurred upon
the happening of any of the following events:

1. any “person,” including a “group,” as such terms are defined in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder (collectively the
“Exchange Act”), other than a trustee or other fiduciary holding the Company’s voting securities
(“Voting Securities”) under any Company-sponsored benefit plan, becomes the beneficial owner, as
defined under the Exchange Act, directly or indirectly, whether by purchase or acquisition or
agreement to act in concert or otherwise, of more than 50% of the outstanding Voting Securities;

2. a cash tender or exchange offer is completed for such amount of Voting Securities which,
together with the Voting Securities then beneficially owned, directly or indirectly, by the offeror
(and affiliates thereof) constitutes more than 50% of the outstanding Voting Securities;

3. except in the case of a merger or consolidation in which (a) the Company is the surviving
corporation and (b) the holders of Voting Securities immediately prior to such merger or
consolidation beneficially own, directly or indirectly, more than 50% of the outstanding Voting
Securities immediately after such merger or consolidation (there being excluded from the number of
Voting Securities held by such holders, but not from the outstanding Voting Securities, any Voting
Securities received by affiliates of the other constituent corporation(s) in the merger or
consolidation in exchange for stock of such other corporation), the Company’s stockholders approve
an agreement to merge, consolidate, liquidate or sell all or substantially all of the Company’s
assets; or

4. a majority of the Company’s directors are elected to the Board without having previously been
nominated and approved by the members of the Board incumbent on the day immediately preceding such
election.

 

 

 

GTSI Indemnification Agreement, April 2011, page 5 of 12

For purposes of this definition, an “affiliate” of a person shall mean a person that directly
or indirectly controls, is controlled by, or is under common control with the person or other
entity specified.

1.11. DEFINITION OF INDEPENDENT LEGAL COUNSEL

For purposes of this Agreement, “Independent Legal Counsel” shall mean an attorney or firm of
attorneys who shall not have otherwise performed services within the last five years for the
Company or for Indemnitee.

2. EXPENSE ADVANCES

2.1. GENERALLY

The right to indemnification of Damages conferred by Section 1 shall include the right to have
the Company pay Indemnitee’s expenses in any Proceeding as such expenses are incurred and in
advance of such Proceeding’s final disposition (such right, an “Expense Advance”).

2.2. CONDITIONS TO EXPENSE ADVANCE

The Company’s obligation to provide an Expense Advance is subject to the following conditions:

2.2.1. UNDERTAKING

If the Proceeding arose in connection with Indemnitee’s service as a director of the Company
(and not in any other capacity in which Indemnitee rendered service, including service to any
Related Company), then Indemnitee or Indemnitee’s representative shall have executed and delivered
to the Company an undertaking, which need not be secured and shall be accepted without reference to
Indemnitee’s financial ability to make repayment, by or on behalf of Indemnitee, to repay all
Expense Advances if it shall ultimately be determined by the Company that Indemnitee is not
entitled to be indemnified by the Company.

2.2.2. COOPERATION

If the Company and the Indemnitee are not adverse in the Proceeding, then Indemnitee shall
give the Company such information and cooperation as it may reasonably request and as shall be
within Indemnitee’s power.

2.3. TIMING OF PAYMENTS

An Expense Advance pursuant to Section 2.1 will be made as within sixty days after the receipt
by the Company of a written statement or statements from Indemnitee requesting such Expense Advance
(which statement or statements will include, if requested by the Company, reasonable detail
underlying the expenses for which the Expense Advance is requested), whether such request is made
prior to or after final disposition of such Proceeding. Such request shall be directed to the
Office of General Counsel of the Company and shall be given in accordance with the provisions of
Section 8(a) and must be accompanied by or preceded by the undertaking in Section 2.2.1., if then
required by the Statute or any other applicable law.

 

 

 

GTSI Indemnification Agreement, April 2011, page 6 of 12

3. INDEMNIFICATION PROCEDURES AND ENFORCEMENT

3.1. NOTIFICATION OF PROCEEDING; REQUEST FOR INDEMNIFICATION

Promptly after receipt by Indemnitee of notice of the commencement of any Proceeding,
Indemnitee shall, if a claim in respect thereof is to be made against the Company under this
Agreement, notify the Company of the commencement thereof; but the omission so to notify the
Company will not, however, relieve the Company from any liability which it may have to Indemnitee
under this Agreement unless and only to the extent that such omission can be shown to have
prejudiced the Company. To obtain indemnification, Indemnitee shall submit to the Company a
written request, including therein or therewith such documentation and information as is reasonably
available to Indemnitee and as is reasonably necessary to determine whether and to what extent
Indemnitee is entitled to indemnification following the final determination of the Proceeding. The
Company shall, as soon as reasonably practicable after receipt of such a request for
indemnification, advise the Board of Directors that Indemnitee has requested indemnification. Any
delay in the request will not relieve the Company from its obligations under this Agreement, except
to the extent such delay can be shown to have prejudiced the Company. Notice to the Company and any
written request for indemnification in accordance to this Agreement shall be directed to the Office
of General Counsel of the Company and shall be given in accordance with the provisions of Section
8(a).

3.2. TIMING OF PAYMENTS

All payments of Expense Advances will be made no event later than sixty days after such
written request for indemnification is submitted to the Company; provided, however, that any other
payment of Damages will be made before the Proceeding has been concluded for sixty days.

3.3. TIME FOR SUBMISSION REQUEST

Indemnitee will be required to submit any request for indemnification pursuant to Section 3.1
within a reasonable time, not to exceed thirty days, after learning of the Proceeding.

3.4. ENFORCEMENT

If any claim for indemnity, whether an Expense Advance or otherwise, is made hereunder and is
not paid in full within the applicable time periods set forth in Sections 2.3 and 3.2, Indemnitee
may, but need not, at any time thereafter bring suit against the Company to recover the unpaid
amount of the claim (an “Enforcement Action”). It shall be a defense to any Enforcement Action
(other than an action brought to enforce a claim for expenses incurred in connection with any
action, suit or proceeding in advance of its final disposition) that Indemnitee has not met the
standards of conduct which make it permissible under applicable law for the Company to indemnify
Indemnitee for the amount claimed.

 

 

 

GTSI Indemnification Agreement, April 2011, page 7 of 12

3.5. PRESUMPTIONS IN ENFORCEMENT ACTION

In any Enforcement Action, the following presumptions (and limitation on presumptions) shall
apply:

(a) The Company expressly affirms and agrees that it has entered into this Agreement and
assumed the obligations imposed on it hereunder to induce Indemnitee to continue as a director of
the Company;

(b) Neither (i) the failure of the Company (including the Company’s Board of Directors,
independent or special legal counsel or the Company’s stockholders) to have made a determination
prior to the commencement of the Enforcement Action that indemnification of Indemnitee is proper in
the circumstances nor (ii) an actual determination by the Company, its Board of Directors,
independent or special legal counsel or stockholders that Indemnitee is not entitled to
indemnification shall be a defense to the Enforcement Action or create a presumption that
Indemnitee is not entitled to indemnification hereunder; and

(c) If Indemnitee is or was serving as a director of a corporation of which a majority of
the shares entitled to vote in the election of its directors is held by the Company or in an
Indemnitee or management capacity in a partnership, joint venture, trust or other enterprise of
which the Company or a wholly owned subsidiary of the Company is a general partner or has a
majority ownership, then such corporation, partnership, joint venture, trust or other enterprise
shall conclusively be deemed a Related Company and Indemnitee shall conclusively be deemed to be
serving such Related Company at the Company’s request.

3.6. ATTORNEYS’ FEES AND EXPENSES FOR ENFORCEMENT ACTION

If Indemnitee is required to bring an Enforcement Action, the Company shall pay all of
Indemnitee’s fees and expenses in bringing and pursuing the Enforcement Action including attorneys’
fees at any stage, including on appeal); provided, however, that the Company shall not be required
to provide such payment for such attorneys’ fees or expenses if a court of competent jurisdiction
determines that each of the material assertions made by Indemnitee in such Enforcement Action was
not made in good faith.

3.7. NOTICE TO INSURERS

If, at the time of the receipt of a notice of a Proceeding pursuant to Section 3.1, the
Company has director and officer liability insurance in effect, the Company shall give prompt
notice of the commencement of such Proceeding to the insurers in accordance with the procedures set
forth in the respective policies. The Company shall thereafter take all necessary or desirable
action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result
of such proceeding in accordance with the terms of such policies.

 

 

 

GTSI Indemnification Agreement, April 2011, page 8 of 12

4. LIMITATIONS ON INDEMNITY; MUTUAL ACKNOWLEDGMENT

4.1. LIMITATIONS ON INDEMNITY

No indemnity pursuant to this Agreement shall be provided by the Company:

(a) On account of any suit in which a final, unappealable judgment is rendered against
Indemnitee for an accounting of profits made from the purchase or sale by Indemnitee of securities
of the Company in violation of the provisions of Section 16(b) of the Securities Exchange Act of
1934, as amended;

(b) For Damages that have been paid directly to Indemnitee by an insurance carrier under a
policy of directors’ and officers’ liability insurance maintained by the Company;

(c) With respect to remuneration paid to Indemnitee if it shall be determined by a final
judgment or other final adjudication that such remuneration was in violation of law;

(d) On account of Indemnitee’s conduct which is finally adjudged to have been intentional
misconduct, a knowing violation of law, a violation of Section 174 of the Statute or a transaction
from which Indemnitee derived an improper personal benefit; or

(e) If a final decision by a court having jurisdiction in the matter shall determine that
such indemnification is not lawful.

4.2. SEC UNDERTAKING

Indemnitee understands and acknowledges that the Company may be required in the future to
undertake with the Securities and Exchange Commission (the “SEC”) to submit in certain
circumstances the question of indemnification to a court for a determination of the Company’s right
under public policy to indemnify Indemnitee.

5. DEFENSE OF CLAIM

With respect to any such Proceeding as to which Indemnitee notifies the Company of the
commencement thereof and the Indemnitee is not adverse to the Company and has concluded reasonably
that no conflict of interest exists between the Company and Indemnitee:

(a) The Company may participate therein at its own expense;

(b) The Company, jointly with any other indemnifying party similarly notified, may assume the
defense thereof, with counsel satisfactory to Indemnitee. After notice from the Company to
Indemnitee of its election so to assume the defense thereof, the Company shall not be liable to
Indemnitee under this Agreement for any legal or other expenses (other than reasonable costs of
investigation) subsequently incurred by Indemnitee in connection with the defense thereof unless
(i) the employment of counsel by Indemnitee has been authorized by the Company or (ii) the Company
shall not, in fact, have employed counsel to assume the defense of such action, in each of which
cases the fees and expenses of counsel shall be at the Company’s expense;

 

 

 

GTSI Indemnification Agreement, April 2011, page 9 of 12

(c) The Company shall not be liable to Indemnitee under this Agreement for any amounts
paid in settlement of any Proceeding effected without its written consent;

(d) The Company shall not settle any action or claim in any manner that would impose any
penalty or limitation on Indemnitee without Indemnitee’s written consent; and

(e) Neither the Company nor Indemnitee shall unreasonably withhold its consent to any
proposed settlement, provided that Indemnitee may withhold consent to any settlement that does not
provide a complete release of Indemnitee.

6. SEVERABILITY

Nothing in this Agreement is intended to require or shall be construed as requiring the
Company to do or to fail to do any act in violation of applicable law. The Company’s inability,
pursuant to court order, to perform its obligations under this Agreement shall not constitute a
breach of this Agreement. The provisions of this Agreement shall be severable, as provided in this
Section 6, and if this Agreement or any portion hereof shall be invalidated on any ground by any
court of competent jurisdiction, the Company shall nevertheless indemnify or make contribution to
Indemnitee to the full extent permitted by any applicable portion of this Agreement that shall not
have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable in
accordance with its terms.

7. GOVERNING LAW; BINDING EFFECT; AMENDMENT AND TERMINATION

(a) This Agreement shall be interpreted and enforced in accordance with the laws of Delaware.

(b) This Agreement shall be binding on Indemnitee and on the Company and its successors and
assigns (including any transferee of all or substantially all of its assets and any successor by
merger or otherwise by operation of law), and shall inure to the benefit of Indemnitee and
Indemnitee’s heirs, personal representatives and assigns and to the benefit of the Company and its
successors and assigns. The Company shall not effect any sale of substantially all of its assets,
merger, consolidation or other reorganization in which it is not the surviving entity, unless the
surviving entity agrees in writing to assume all such obligations of the Company under this
Agreement.

(c) No amendment, modification, termination or cancellation of this Agreement shall be
effective unless in writing signed by both parties hereto.

 

 

 

GTSI Indemnification Agreement, April 2011, page 10 of 12

8. NOTICES

(a) All notices, claims and other communications hereunder shall be in writing and made by
hand delivery, registered or certified mail (postage prepaid, return receipt requested), facsimile
or overnight air courier guaranteeing next-day delivery:

If to the Company:

Office of General Counsel

GTSI Corp.

2553 Dulles View Drive

Suite 100

Herndon, VA 20171

If to Indemnitee:

To the address specified on the last page of this Agreement or to such other address as
Indemnitee may from time to time furnish to the Company by a notice given in accordance with the
provisions of this Section 8.

(b) All such notices, claims and communications shall be deemed to have been duly given if (i)
personally delivered, at the time delivered, (ii) mailed, five days after dispatched, (iii) sent by
facsimile transmission, upon confirmation of receipt, and (iv) sent by any other means, upon
receipt.

9. SUBROGATION

In the event of payment under this Agreement, the Company shall be subrogated to the extent of
such payment to all of the rights of recovery of Indemnitee, who shall execute all documents
required and shall do all acts that may be necessary to secure such rights and to enable the
Company effectively to bring suit to enforce such rights.

10. CONSTRUCTION OF THIS AGREEMENT

(a) Unless the context of this Agreement otherwise requires, (a) words of any gender include
each other gender; (b) words using the singular or plural number also include the plural or
singular number, respectively; (c) the terms “hereof,” “herein,” “hereby” and derivative or similar
words refer to this entire Agreement and not to any particular provision of this Agreement; and (d)
the term “Section” without any reference to a specified document refer to the specified Section of
this Agreement.

(b) The words “including,” “include” and “includes” are not exclusive and shall be deemed to
be followed by the words “without limitation”; if exclusion is intended, the word “comprising” is
used instead.

(c) The word “or” shall be construed to mean “and/or” unless the context clearly prohibits
that construction.

 

 

 

GTSI Indemnification Agreement, April 2011, page 11 of 12

(d) Whatever this agreement refers to a number of days, such number shall refer to calendar
days unless business days are specified.

(e) Any reference to applicable laws or any federal, state, local or foreign statute or law,
including any one or more sections thereof, shall be deemed also to refer to, unless the context
requires otherwise, all rules and regulations promulgated thereunder, including Treasury
Regulations.

(f) The word “extent” in the phrase “to the extent” as used in this Agreement means the degree
to which a subject or other thing extends and such phrase does not simply mean “if.”

(g) No provision of this Agreement is to be construed to require, directly or indirectly, any
person to take any action, or to omit to take any action, to the extent such action or omission
would violate applicable laws.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and
year first above written.

[Rest of Page left Blank; Signature Page Follows]

 

 

 

GTSI Indemnification Agreement, April 2011, page 12 of 12

	 	 	 	 	 	 	 	 	 
	GTSI Corp.,	 	 	 	INDEMNITEE:	 	 
	a Delaware corporation	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 	 	 	 	 
	Title: Chief Financial Officer	 	 	 	Signature	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Print Name	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Address

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