Document:

exv10w1

Exhibit 10.1

EXECUTION VERSION

CUSIP NO.: 502414AD7

REVOLVING COMMITMENT: 502414AE5

CREDIT AGREEMENT

Dated as of October 23, 2009

among

L-3 COMMUNICATIONS CORPORATION,

as the Borrower,

The Guarantors Party Hereto,

BANK OF AMERICA, N.A.,

as Administrative Agent, Swing Line Lender

and

an L/C Issuer,

and

BARCLAYS CAPITAL,

as Syndication Agent

and

BANC OF AMERICA SECURITIES LLC,

BARCLAYS CAPITAL,

THE BANK OF NOVA SCOTIA,

SG AMERICAS SECURITIES, LLC

and

CALYON NEW YORK BRANCH

as

Joint Lead Arrangers and Joint Book Running Managers

and

THE BANK OF NOVA SCOTIA,

CALYON NEW YORK BRANCH,

and

SOCIETE GENERALE (NEW YORK BRANCH)

as

Documentation Agents

and

The Other Lenders Party Hereto

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	ARTICLE I DEFINITIONS AND ACCOUNTING TERMS	 	 	1	 
	 	1.01	 	 	Defined Terms
	 	 	1	 
	 	1.02	 	 	Other Interpretive Provisions
	 	 	25	 
	 	1.03	 	 	Accounting Terms
	 	 	26	 
	 	1.04	 	 	Rounding
	 	 	26	 
	 	1.05	 	 	Exchange Rates; Currency Equivalents
	 	 	26	 
	 	1.06	 	 	Additional Alternative Currencies
	 	 	27	 
	 	1.07	 	 	Times of Day
	 	 	27	 
	 	1.08	 	 	Letter of Credit Amounts
	 	 	27	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS	 	 	27	 
	 	2.01	 	 	Revolving Loans
	 	 	27	 
	 	2.02	 	 	Borrowings, Conversions and Continuations of Revolving Loans
	 	 	28	 
	 	2.03	 	 	Letters of Credit
	 	 	29	 
	 	2.04	 	 	Swing Line Loans
	 	 	38	 
	 	2.05	 	 	Prepayments
	 	 	40	 
	 	2.06	 	 	Termination or Reduction of Commitments
	 	 	41	 
	 	2.07	 	 	Repayment of Loans
	 	 	41	 
	 	2.08	 	 	Interest
	 	 	42	 
	 	2.09	 	 	Fees
	 	 	42	 
	 	2.10	 	 	Computation of Interest and Fees
	 	 	43	 
	 	2.11	 	 	Evidence of Debt
	 	 	43	 
	 	2.12	 	 	Payments Generally; Administrative Agent’s Clawback
	 	 	44	 
	 	2.13	 	 	Sharing of Payments by Lenders
	 	 	46	 
	 	2.14	 	 	[Intentionally Omitted]
	 	 	46	 
	 	2.15	 	 	Cash Collateral and Other Credit Support
	 	 	46	 
	 	2.16	 	 	Defaulting Lenders
	 	 	48	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY	 	 	50	 
	 	3.01	 	 	Taxes
	 	 	50	 
	 	3.02	 	 	Illegality
	 	 	52	 
	 	3.03	 	 	Inability to Determine Rates
	 	 	53	 
	 	3.04	 	 	Increased Costs; Reserves on Eurodollar Rate Loans
	 	 	53	 
	 	3.05	 	 	Compensation for Losses
	 	 	55	 
	 	3.06	 	 	Mitigation Obligations; Replacement of Lenders
	 	 	55	 
	 	3.07	 	 	Survival
	 	 	56	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE IV GUARANTY	 	 	56	 
	 	4.01	 	 	The Guaranty
	 	 	56	 
	 	4.02	 	 	Obligations Unconditional
	 	 	57	 
	 	4.03	 	 	Reinstatement
	 	 	58	 
	 	4.04	 	 	Certain Additional Waivers
	 	 	58	 
	 	4.05	 	 	Remedies
	 	 	58	 

i

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	 	4.06	 	 	Rights of Contribution
	 	 	58	 
	 	4.07	 	 	Guarantee of Payment; Continuing Guarantee
	 	 	59	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE V CONDITIONS PRECEDENT TO CREDIT EXTENSIONS	 	 	59	 
	 	5.01	 	 	Conditions of Initial Credit Extension
	 	 	59	 
	 	5.02	 	 	Conditions to all Credit Extensions
	 	 	60	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE VI REPRESENTATIONS AND WARRANTIES	 	 	61	 
	 	6.01	 	 	Corporate Existence; Compliance with Law
	 	 	61	 
	 	6.02	 	 	Corporate Power; Authorization; Enforceable Obligations
	 	 	61	 
	 	6.03	 	 	No Legal Bar
	 	 	62	 
	 	6.04	 	 	Purpose of Loans
	 	 	62	 
	 	6.05	 	 	Financial Condition; No Change
	 	 	62	 
	 	6.06	 	 	No Material Litigation
	 	 	62	 
	 	6.07	 	 	No Default
	 	 	63	 
	 	6.08	 	 	Ownership of Property; Liens
	 	 	63	 
	 	6.09	 	 	Intellectual Property
	 	 	63	 
	 	6.10	 	 	Environmental Matters
	 	 	63	 
	 	6.11	 	 	Taxes
	 	 	64	 
	 	6.12	 	 	ERISA
	 	 	65	 
	 	6.13	 	 	Subsidiaries
	 	 	65	 
	 	6.14	 	 	Federal Regulations; Investment Company Act; Other Regulations
	 	 	65	 
	 	6.15	 	 	Accuracy and Completeness of Information
	 	 	66	 
	 	6.16	 	 	Labor Matters
	 	 	66	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE VII AFFIRMATIVE COVENANTS	 	 	66	 
	 	7.01	 	 	Financial Statements
	 	 	66	 
	 	7.02	 	 	Certificates; Other Information
	 	 	67	 
	 	7.03	 	 	Notices
	 	 	68	 
	 	7.04	 	 	Payment of Taxes and Material Obligations
	 	 	68	 
	 	7.05	 	 	Conduct of Business; Maintenance of Existence and Property; Compliance with Law
	 	 	68	 
	 	7.06	 	 	Maintenance of Insurance
	 	 	69	 
	 	7.07	 	 	Inspection of Property; Books and Records
	 	 	69	 
	 	7.08	 	 	Guarantees
	 	 	69	 
	 	7.09	 	 	Government Contracts
	 	 	70	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE VIII NEGATIVE COVENANTS	 	 	70	 
	 	8.01	 	 	Liens
	 	 	71	 
	 	8.02	 	 	Investments
	 	 	73	 
	 	8.03	 	 	Subsidiary Indebtedness
	 	 	75	 
	 	8.04	 	 	Fundamental Changes
	 	 	75	 
	 	8.05	 	 	Limitation on Sale of Assets
	 	 	76	 
	 	8.06	 	 	Restricted Payments
	 	 	77	 
	 	8.07	 	 	Transactions with Affiliates
	 	 	79	 
	 	8.08	 	 	Financial Covenants
	 	 	79	 
	 	8.09	 	 	Intentionally Omitted
	 	 	80	 

ii

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	 	8.10	 	 	Borrower Equity Interests
	 	 	80	 
	 	8.11	 	 	Holdings
	 	 	80	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE IX EVENTS OF DEFAULT AND REMEDIES	 	 	80	 
	 	9.01	 	 	Events of Default
	 	 	80	 
	 	9.02	 	 	Remedies Upon Event of Default
	 	 	83	 
	 	9.03	 	 	Application of Funds
	 	 	83	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE X ADMINISTRATIVE AGENT	 	 	84	 
	 	10.01	 	 	Appointment and Authority
	 	 	84	 
	 	10.02	 	 	Rights as a Lender
	 	 	85	 
	 	10.03	 	 	Exculpatory Provisions
	 	 	85	 
	 	10.04	 	 	Reliance by Administrative Agent
	 	 	86	 
	 	10.05	 	 	Delegation of Duties
	 	 	86	 
	 	10.06	 	 	Resignation of Administrative Agent
	 	 	86	 
	 	10.07	 	 	Non Reliance on Administrative Agent and Other Lenders
	 	 	88	 
	 	10.08	 	 	No Other Duties, Etc.
	 	 	88	 
	 	10.09	 	 	Administrative Agent May File Proofs of Claim
	 	 	88	 
	 	10.10	 	 	Guaranty Matters
	 	 	89	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE XI MISCELLANEOUS	 	 	89	 
	 	11.01	 	 	Amendments, Etc.
	 	 	89	 
	 	11.02	 	 	Notices; Effectiveness; Electronic Communication
	 	 	90	 
	 	11.03	 	 	No Waiver; Cumulative Remedies
	 	 	92	 
	 	11.04	 	 	Expenses; Indemnity; Damage Waiver
	 	 	93	 
	 	11.05	 	 	Payments Set Aside
	 	 	95	 
	 	11.06	 	 	Successors and Assigns
	 	 	95	 
	 	11.07	 	 	Treatment of Certain Information; Confidentiality
	 	 	99	 
	 	11.08	 	 	Right of Setoff
	 	 	100	 
	 	11.09	 	 	Interest Rate Limitation
	 	 	100	 
	 	11.10	 	 	Counterparts; Integration; Effectiveness
	 	 	100	 
	 	11.11	 	 	Survival of Representations and Warranties
	 	 	101	 
	 	11.12	 	 	Severability
	 	 	101	 
	 	11.13	 	 	Replacement of Lenders
	 	 	101	 
	 	11.14	 	 	Governing Law; Jurisdiction; Etc.
	 	 	102	 
	 	11.15	 	 	Waiver of Jury Trial
	 	 	103	 
	 	11.16	 	 	Advisory or Fiduciary Responsibility
	 	 	103	 
	 	11.17	 	 	Electronic Execution of Assignments and Certain Other Documents
	 	 	104	 
	 	11.18	 	 	USA PATRIOT Act Notice
	 	 	104	 
	 	11.19	 	 	Release of Guarantors
	 	 	105	 
	 	11.20	 	 	Judgment Currency
	 	 	106	 
	 	11.21	 	 	Waiver of Notice of Termination
	 	 	106	 
	 	11.22	 	 	Entire Agreement
	 	 	106	 

iii

 

SCHEDULES

	 	 	 	 	 
	 	1.01	 	 	Existing Subordinated Debt

	 	2.03	 	 	Existing Letters of Credit

	 	6.06	 	 	Litigation

	 	6.13	 	 	Subsidiaries

	 	8.01	 	 	Existing Liens

	 	11.02	 	 	Administrative Agent’s Office; Certain Addresses for Notices

EXHIBITS

	 	 	 	 	 
	 	A	 	 	Revolving Loan Notice

	 	B	 	 	Swing Line Loan Notice

	 	C	 	 	Revolving Note

	 	D	 	 	Swing Line Note

	 	E	 	 	Compliance Certificate

	 	F	 	 	Assignment and Assumption

	 	G	 	 	Joinder Agreement

iv

 

CREDIT AGREEMENT

     This CREDIT AGREEMENT (“Agreement”), is entered into as of
October 23, 2009, among L-3 COMMUNICATIONS CORPORATION, a Delaware corporation (the
“Borrower”), the Guarantors (as defined herein), each lender from time to time party hereto
(collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA,
N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer.

     WHEREAS, the Borrower has requested that the Lenders provide a revolving credit facility in an
aggregate amount of $1,000,000,000 for the purposes hereinafter set forth and the Lenders are
willing to do so on the terms and conditions set forth herein.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the
parties hereto covenant and agree as follows:

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

1.01 Defined Terms.

     As used in this Agreement, the following terms shall have the meanings set forth below:

     “Acquisition” by any Person, means the acquisition by such Person (other than a
transaction that would be classified as a capital expenditure in accordance with GAAP), in a single
transaction or in a series of related transactions, of all or any substantial portion of the
property of another Person, all or any substantial portion of any division or business unit of any
Person, or at least a majority of the Voting Stock of another Person, in each case whether or not
involving a merger or consolidation with such other Person and whether for cash, property,
services, assumption of Indebtedness, securities or otherwise.

     “Additional Senior Notes” means any Indebtedness for borrowed money in the form of
senior notes of the Borrower or any of its Subsidiaries incurred after the Closing Date.

     “Additional Subordinated Debt” means any unsecured Indebtedness for borrowed money of
the Borrower or any of its Subsidiaries incurred after the Closing Date which (a) to the extent
such Indebtedness refinances any Existing Subordinated Debt, requires no cash payments of principal
prior to the Maturity Date, (b) does not contain limitations on the ability of Borrower or any of
its Subsidiaries to incur Indebtedness which are more restrictive than those found in Section 4.09
(Incurrence of Indebtedness and Issuance of Preferred Stock) of the 2005 Indenture, and (c) is
subordinated to the Obligations on terms no less favorable to the Lenders than those governing the
2005 Senior Subordinated Notes.

     “Administrative Agent” means Bank of America in its capacity as administrative agent
under any of the Loan Documents, or any successor administrative agent.

 

 

     “Administrative Agent’s Office” means the Administrative Agent’s address and, as
appropriate, account as set forth on Schedule 11.02, or such other address or account as
the Administrative Agent may from time to time notify to the Borrower and the Lenders.

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

     “Affiliate” means, as to any Person, any other Person which, directly or indirectly,
is in control of, is controlled by, or is under common control with, such Person. For purposes of
this definition, “control” of a Person means the power, directly or indirectly, to direct or cause
the direction of the management and policies of such Person, whether by contract or otherwise.

     “Aggregate Revolving Commitments” means the Revolving Commitments of all the Lenders.
The aggregate principal amount of the Revolving Commitments of all the Lenders on the Closing Date
is ONE BILLION DOLLARS ($1,000,000,000).

     “Agreement” means this Credit Agreement, as amended, supplemented, restated or
otherwise modified from time to time.

     “Alternative Currency” means any currency (other than Dollars) of a country that is a
member of the Organization for Economic Cooperation and Development that is freely tradable and
convertible into Dollars, any other currency which is freely tradable and convertible into Dollars
and any other currency approved by the applicable L/C Issuer and the Administrative Agent.

     “Applicable Percentage” means with respect to any Lender, the percentage of the
Aggregate Revolving Commitments represented by such Lender’s Revolving Commitment at such time;
provided that, if the commitment of each Lender to make Loans and the obligation of each
L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 9.02 or
if the Aggregate Revolving Commitments have expired, then the Applicable Percentage of each Lender
shall be determined based on the Applicable Percentage of such Lender most recently in effect,
giving effect to any subsequent assignments. The initial Applicable Percentage of each Lender is
set forth in the commitment notification delivered by the Administrative Agent and the Borrower to
such Lender or in the Assignment and Assumption pursuant to which such Lender becomes a party
hereto, as applicable.

2

 

     “Applicable Rate” means, from time to time, the following percentages per annum, based
upon the Debt Rating as set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Commercial
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	and
	 	 	 	 	 	 	 	 	 	 	Applicable	 	Applicable	 	Financial	 	Performance
	Pricing	 	Debt	 	Commitment	 	Margin for	 	Margin for Base	 	Letter of	 	Letter of
	Level	 	Rating	 	Fee	 	LIBOR Loans	 	Rate Loans	 	Credit Fee	 	Credit Fee
	 	1	 	 	3BBB+ / Baa1 / BBB+

	 	 	0.375	%	 	 	2.25	%	 	 	1.25	%	 	 	2.25	%	 	 	1.50	%
	 	2	 	 	BBB / Baa2 / BBB

	 	 	0.45	%	 	 	2.75	%	 	 	1.75	%	 	 	2.75	%	 	 	1.83	%
	 	3	 	 	BBB- / Baa3 / BBB-

	 	 	0.50	%	 	 	3.00	%	 	 	2.00	%	 	 	3.00	%	 	 	2.00	%
	 	4	 	 	BB+ / Ba1 / BB+

	 	 	0.60	%	 	 	3.50	%	 	 	2.50	%	 	 	3.50	%	 	 	2.33	%
	 	5	 	 	£BB / Ba2 / BB

	 	 	0.75	%	 	 	4.00	%	 	 	3.00	%	 	 	4.00	%	 	 	2.67	%

     “Debt Rating” means, as of any date of determination, the rating as determined by the
Ratings Agencies (collectively, the “Debt Ratings”) of the Borrower’s non credit enhanced,
senior unsecured long term debt; provided that if a Debt Rating is issued by each of the
Ratings Agencies and there is a split rating, then the two highest of such Debt Ratings shall apply
(with the Debt Rating for Pricing Level 1 being the highest and the Debt Rating for Pricing Level 5
being the lowest) in determining the Pricing Level. If there is a split in Debt Ratings of the two
highest ratings of the Ratings Agencies, then the lower Debt Rating of the two highest shall apply
in determining the Pricing Level or, if there is a multiple split in Debt Ratings of the two
highest ratings of the Ratings Agencies, then the Debt Rating that is one level lower than the
highest rating shall apply in determining the Pricing Level.

     Initially, the Applicable Rate shall be determined based upon the Debt Rating specified in the
certificate delivered pursuant to Section 5.01(a)(vi). Thereafter, each change in the
Applicable Rate resulting from a publicly announced change in the Debt Rating shall be effective,
during the period commencing on the date of the public announcement thereof and ending on the date
immediately preceding the effective date of the next such change.

     “Assignment and Assumption” means an assignment and assumption entered into by a
Lender and an Eligible Assignee (with the consent of any party whose consent is required by
Section 11.06(b)), and accepted by the Administrative Agent, in substantially the form of
Exhibit F or any other form approved by the Administrative Agent.

     “Attributable Indebtedness” means, on any date, (a) the amount of any Capital Lease
Obligations of any Person, (b) in respect of any Synthetic Lease Obligation, the capitalized amount
of the remaining lease payments under the relevant lease that would appear on a balance sheet of
such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a
Capital Lease and (c) in respect of any Securitization Transaction of any Person, the outstanding
principal amount of such financing, after taking into account reserve accounts.

     “Audited Financial Statements” means the audited consolidated balance sheet of the
Borrower and its Subsidiaries for the fiscal year ended December 31, 2008, and the related

3

 

consolidated statements of income or operations, shareholders’ equity and cash flows for such
fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

     “Availability Period” means the period from and including the Closing Date to the
earliest of (a) the Maturity Date, (b) the date of termination of the Aggregate Revolving
Commitments pursuant to Section 2.06, and (c) the date of termination of the commitment of
each Lender to make Loans and of the obligation of each L/C Issuer to make L/C Credit Extensions
pursuant to Section 9.02.

     “Bank of America” means Bank of America, N.A. and its successors.

     “Base Rate” means for any day a fluctuating rate per annum equal to the higher of (a)
the Federal Funds Rate plus 1/2 of 1%, (b) the Eurodollar Rate at approximately 11:00 a.m., London
time, two Business Days prior to such date for dollar deposits (for delivery on such day) for a
one-month interest period plus 1% and (c) the rate of interest in effect for such day as publicly
announced from time to time by Bank of America as its “prime rate.” The “prime rate” is a rate set
by Bank of America based upon various factors including Bank of America’s costs and desired return,
general economic conditions and other factors, and is used as a reference point for pricing some
loans, which may be priced at, above, or below such announced rate. Any change in such rate
announced by Bank of America shall take effect at the opening of business on the day specified in
the public announcement of such change.

     “Base Rate Revolving Loan” means a Revolving Loan that is a Base Rate Loan.

     “Base Rate Loan” means a Loan that bears interest based on the Base Rate.

     “Borrower” has the meaning specified in the introductory paragraph hereto.

     “Borrower Materials” has the meaning specified in Section 11.02(c).

     “Borrowing” means a Revolving Borrowing or a Swing Line Borrowing, as the context may
require.

     “Business” has the meaning specified in Section 6.10.

     “Business Day” means any day other than a Saturday, Sunday or other day on which
commercial banks in New York, New York or the state where the Administrative Agent’s Office is
located are authorized or required to close under applicable Laws or are in fact closed and, if
such day relates to any Eurodollar Rate Loan, 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 applied to any Person, any lease of any property by that
Person as lessee which, in accordance with GAAP, is required to be accounted for as a capital lease
on the balance sheet of that Person.

     “Capital Lease Obligations” means, of any Person as of the date of determination, the
aggregate liability of such Person under Capital Leases reflected on a balance sheet of such Person
under GAAP.

4

 

     “Cash Collateralize” has the meaning specified in Section 2.15.

     “Cash Equivalents” means (a) securities with maturities of one year or less from the
date of acquisition issued or fully guaranteed or insured by the United States Government or any
agency thereof, (b) certificates of deposit and time deposits with maturities of one year or less
from the date of acquisition and overnight bank deposits of any Lender or of any commercial bank
having capital and surplus in excess of $500,000,000, (c) repurchase obligations of any Lender or
of any commercial bank satisfying the requirements of clause (b) of this definition, having a term
of not more than one year with respect to securities issued or fully guaranteed or insured by the
United States Government, (d) commercial paper of a domestic issuer rated at least A-2 by S&P, P-2
by Moody’s or F-2 by Fitch, or carrying an equivalent rating by a nationally recognized rating
agency if both of S&P and Moody’s cease publishing ratings of investments, (e) securities with
maturities of one year or less from the date of acquisition issued or fully guaranteed by any
state, commonwealth or territory of the United States, by any political subdivision or taxing
authority of any such state, commonwealth or territory or by any foreign government, the securities
of which state, commonwealth, territory, political subdivision, taxing authority or foreign
government (as the case may be) are rated at least A by S&P, A by Moody’s or A by Fitch, (f)
securities with maturities of one year or less from the date of acquisition backed by standby
letters of credit issued by any Lender or any commercial bank satisfying the requirements of clause
(b) of this definition or (g) shares of money market mutual or similar funds (excluding hedge
funds) which (i) invest exclusively in assets satisfying the requirements of clauses (a) through
(f) of this definition, (ii) comply with the criteria set forth in Rule 2a-7 under the Investment
Company Act of 1940 or (iii) are rated AAA by S&P, Aaa by Moody’s or AAA by Fitch.

     “Change in Law” means the occurrence, after the date of this Agreement (or, in the
case of an Eligible Assignee, after the date such Eligible Assignee becomes a party to this
Agreement), of any of the following: (a) the adoption or taking effect of any law, rule,
regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the
administration, interpretation or application thereof by any Governmental Authority or (c) the
making or issuance of any request, guideline or directive (whether or not having the force of law)
by any Governmental Authority.

     “Change of Control” means an event or series of events by which:

     (a) any “person” (as such term is defined in Section 13(d)(3) of the Exchange Act)
shall become the “beneficial owner” (as such term is defined in Rule 13d-3 and Rule 13d-5
under the Exchange Act), directly or indirectly, of more than 35% of the Voting Stock
(measured by voting power rather than number of shares) of Holdings (or in the event
Holdings is merged with and into the Borrower, the Borrower);

     (b) a majority of the members of the board of directors of Holdings (or in the event
Holdings is merged with and into the Borrower, the Borrower) fail to be (a) members of the
board of directors of Holdings incumbent as of the Closing Date, or (b) members nominated by
the members of the board of directors of Holdings incumbent on the Closing Date, or (c)
members appointed by members of the board of directors of Holdings nominated under clause
(a) or (b);

5

 

     (c) Holdings (unless it is merged with and into the Borrower) shall, at any time, cease
to own 100% of the Equity Interests of the Borrower;

     (d) a “Change of Control” (or any comparable term) shall have occurred under, and as
defined in, the 2009 Senior Note Documents;

     (e) a “Change of Control” (or any comparable term) shall have occurred under, and as
defined in, the 2005 Senior Subordinated Note Documents or under the documentation governing
any other Existing Subordinated Debt; or

     (f) a “Change of Control” (or any comparable term) shall have occurred under, and as
defined in, the documentation governing any Additional Senior Notes or any Additional
Subordinated Debt.

     “Closing Date” means October 23, 2009.

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

     “Commitment” means, as to each Lender, the Revolving Commitment of such Lender.

     “Compliance Certificate” means a certificate substantially in the form of Exhibit
E.

     “Confidential Executive Summary” means the Confidential Executive Summary dated
September 2009 and delivered to the Lenders in connection with the financing hereunder.

     “Consolidated Cash Interest Expense” means, as of the last day of any fiscal quarter,
the sum of the amount of interest expense, payable in cash, of the Borrower and its Consolidated
Subsidiaries for the four fiscal quarters ended on such date plus, without duplication, the amount
of interest expense, payable in cash, of Holdings with respect to Indebtedness (including
Disqualified Preferred Stock) guaranteed by the Borrower or any of its Consolidated Subsidiaries
for the four fiscal quarters ended on such date, determined on a consolidated basis in accordance
with GAAP for such period.

     “Consolidated EBITDA” means, for any period, for the Borrower and its Consolidated
Subsidiaries on a consolidated basis, an amount equal to Consolidated Net Income (excluding,
without duplication, (u) impairment losses incurred on goodwill and other intangible assets or on
debt or equity investments computed in accordance with Financial Accounting Standard No. 142 or
other GAAP, (v) gains or losses incurred on the retirement of debt computed in accordance with
Financial Accounting Standard No. 145, (w) extraordinary gains and losses in accordance with GAAP,
(x) gains and losses in connection with asset dispositions whether or not constituting
extraordinary gains and losses, (y) non-cash gains or losses on discontinued operations) and (z)
gains and losses with respect to judgments or settlements in connection with litigation matters for
such period plus the following to the extent deducted in calculating such Consolidated Net
Income: (a) Consolidated Interest Expense of the Borrower and its Consolidated Subsidiaries (and
all Consolidated Interest Expense of Holdings with respect to Indebtedness of Holdings guaranteed
by the Borrower and its Subsidiaries) for such period, (b) the provision for Federal, state, local
and foreign income taxes payable by the Borrower and its Consolidated Subsidiaries for such period,
(c) depreciation and amortization expense for such

6

 

period and (d) non-cash stock-based compensation expenses for such period, each as determined
on a consolidated basis in accordance with GAAP.

     “Consolidated Funded Indebtedness” means, as of any date of determination, for the
Borrower and its Consolidated Subsidiaries on a consolidated basis, the sum of (a) all Indebtedness
outstanding on such date for borrowed money or with respect to Disqualified Preferred Stock, the
deferred purchase price of property or services, to the extent, if any, reflected as a liability on
the balance sheet of the Borrower and its Consolidated Subsidiaries on such date in accordance with
GAAP and the amount of Capital Lease Obligations outstanding on such date plus (b) all
Indebtedness of Holdings outstanding on such date for borrowed money or with respect to
Disqualified Preferred Stock, in each case only to the extent guaranteed by the Borrower or any of
its Consolidated Subsidiaries.

     “Consolidated Interest Coverage Ratio” means, as of any date of determination, the
ratio of (a) Consolidated EBITDA for the period of the four prior fiscal quarters ended on such
date to (b) Consolidated Cash Interest Expense for such period, each as determined on a
consolidated basis in accordance with GAAP.

     “Consolidated Interest Expense” means, as of the last day of any fiscal quarter, the
sum of the amount of interest expense of the Borrower and its Consolidated Subsidiaries for the
four fiscal quarters ended on such date plus the amount of interest expense of Holdings with
respect to Indebtedness of Holdings (including Disqualified Preferred Stock) guaranteed by the
Borrower or any of its Consolidated Subsidiaries for the four fiscal quarters ended on such date,
determined on a consolidated basis, each in accordance with GAAP for such period.

     “Consolidated Leverage Ratio” means, as of any date of determination, the ratio of
(a)(i) Consolidated Funded Indebtedness as of such date minus (ii) the Designated Cash Balances to
(b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

     “Consolidated Net Income” means, for any period, for the Borrower and its Consolidated
Subsidiaries on a consolidated basis, the net income of the Borrower and its Consolidated
Subsidiaries for that period, determined on a consolidated basis in accordance with GAAP for such
period.

     “Consolidated Senior Indebtedness” means, for any period for the Borrower and its
Consolidated Subsidiaries on a consolidated basis, the sum of (a) Consolidated Funded Indebtedness
minus (b) Subordinated Debt of the Borrower and Indebtedness of Holdings which is guaranteed by the
Borrower on a subordinated basis on terms no less favorable to the Lenders than the subordination
provisions contained in the 2005 Senior Subordinated Notes.

     “Consolidated Senior Leverage Ratio” means, as of any date of determination, the ratio
of (a)(i) Consolidated Senior Indebtedness as of such date minus (ii) the Designated Cash Balances
to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

     “Consolidated Subsidiary” means any Subsidiary which is consolidated with the Borrower
for financial reporting purposes under GAAP.

7

 

     “Consolidated Total Assets” means, as of any date of determination, all assets of the
Borrower and its Consolidated Subsidiaries as determined according to the consolidated balance
sheet contained in the most recent SEC filing.

     “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.

     “Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit
Extension.

     “Debt Rating” has the meaning specified in the definition of “Applicable Rate.”

     “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,
rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the
United States or other applicable jurisdictions from time to time in effect and affecting the
rights of creditors generally.

     “Default” means any event or condition that constitutes an Event of Default or that,
with the giving of any notice, the passage of time, or both, would be an Event of Default.

     “Default Rate” means (a) when used with respect to Obligations other than Letter of
Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if
any, applicable to Base Rate Loans plus (iii) 2% per annum; provided,
however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest
rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan
plus 2% per annum, and (b) when used with respect to Letter of Credit Fees, a rate equal to the
Applicable Rate plus 2% per annum.

     “Defaulting Lender” means any Lender that (a) has failed to perform its obligation to
fund any portion of its Loans (or participations in respect of Letters of Credit or Swing Line
Loans) within three Business Days of the date required to be funded by it hereunder, unless such
obligation is the subject of a good faith dispute of which the Borrower has received written
notice, (b) has notified the Borrower, the Administrative Agent or any Lender in writing that it
does not intend to comply with any of its funding obligations under this Agreement or has made a
public statement that it does not intend to comply with its funding obligations under this
Agreement or generally under other agreements in which it commits to extend credit, (c) has failed,
within three Business Days after written request by the Administrative Agent, to confirm in a
manner reasonably satisfactory to the Administrative Agent, the L/C Issuer and the Swing Line
Lender that it will comply with the terms of this Agreement relating to its obligations to fund
prospective Loans (or participations in respect of Letters of Credit or Swing Line Loans)
provided that such Lender shall cease to be a Defaulting Lender under this clause (c) upon
providing such confirmation to the Administrative Agent, (d) otherwise has failed to pay over to
the Administrative Agent or any other Lender any other amount required to be paid by it hereunder
within three Business Days of the date when due, unless the subject of a good faith dispute of
which the Borrower has received written notice, or (e) has, or has a direct or indirect

8

 

parent company that has, (i) become the subject of a proceeding under any Debtor Relief Laws,
or (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors
or similar Person charged with reorganization or liquidation of its business or a custodian
appointed for it, or (iii) taken any action in furtherance of, or indicating its consent to,
approval of or acquiescence in any such proceeding or appointment; provided that a Lender shall not
be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in
such Lender or direct or indirect parent company thereof by a Governmental Authority. A Lender
that has become a Defaulting Lender because of an event referenced in this definition may cure such
status and shall no longer constitute a Defaulting Lender as provided in the last paragraph of
Section 2.16.

     “Designated Cash Balances” means, at any time, the lesser of (a) the actual
unrestricted domestic cash balances on hand of the Borrower and its Subsidiaries which are not
subject to any Liens in favor of any Person in excess of $25,000,000 and (b) $250,000,000.

     “Disqualified Preferred Stock” means any stock (other than common stock) issued by a
Person which is not classified as shareholders’ equity on a balance sheet of such Person in
accordance with GAAP.

     “Dollar” and “$” mean lawful money of the United States.

     “Dollar Equivalent” means, at any date, (a) with respect to any amount denominated in
Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency,
the equivalent amount thereof in Dollars as determined by the Administrative Agent or the
applicable L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined
in respect of such date) for the purchase of Dollars with such Alternative Currency.

     “Domestic Subsidiary” means any Subsidiary that is organized under the laws of the
United States, any state thereof or the District of Columbia and that is not a Foreign Subsidiary.

     “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender having a credit
rating, or being of a credit quality, comparable to the related Lender (unless a transfer to such
Affiliate would result in increased costs to the Borrower) and (c) any other Person (other than a
natural person) who regularly invests in, purchases or participates in loans of this type approved
by (i) the Administrative Agent, the applicable L/C Issuer and the Swing Line Lender, and (ii)
unless an Event of Default has occurred and is continuing, the Borrower (each such approval not to
be unreasonably withheld or delayed); provided that notwithstanding the foregoing,
“Eligible Assignee” shall not include the Borrower or any of the Borrower’s Affiliates or
Subsidiaries.

     “Environmental Laws” means any and all laws, rules, orders, regulations, statutes,
ordinances, codes, decrees, or other legally enforceable requirement (including, without
limitation, common law) of any foreign government, the United States, or any state, local,
municipal or other governmental authority, regulating, relating to or imposing liability or
standards of conduct concerning protection of the environment or of human health as affected by the
environment as has been, is now, or may at any time hereafter be, in effect, including, but not
limited to, the Comprehensive Environmental Response, Compensation and Liability Act of

9

 

1980, as
amended, 42 U.S.C. §§ 9601 et seq.; the Toxic Substance Control Act, 15 U.S.C. §§9601 et seq.; the Hazardous Materials Transportation Act, 49 U.S.C. §§ 1802 et seq.; the
Resource Conservation and Recovery Act, 42 U.S.C. §§ 6901 et seq.; the Clean Water Act; 33 U.S.C.
§§ 1251 et seq.; the Clean Air Act, 42 U.S.C. §§ 7401 et seq.; or other similar federal and/or
state environmental laws.

     “Environmental Permits” means any and all permits, licenses, registrations,
notifications, exemptions and any other authorization required under any applicable Environmental
Law.

     “Equity Interests” means, with respect to any Person, all of the shares of capital
stock of (or other ownership or profit interests in) such Person, all of the warrants, options or
other rights for the purchase or acquisition from such Person of shares of capital stock of (or
other ownership or profit interests in) such Person, other than any Disqualified Preferred Stock.

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

     “ERISA Affiliate” means any trade or business (whether or not incorporated) under
common control with the Borrower within the meaning of Section 414(b) or (c) of the Code (and
Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the
Code).

     “Eurodollar Rate” means, for any Interest Period with respect to a Eurodollar Rate
Loan, the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”),
as published by Reuters (or other commercially available source providing quotations of BBA LIBOR
as designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London
time, two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for
delivery on the first day of such Interest Period) with a term equivalent to such Interest Period.
If such rate is not available at such time for any reason, then the “Eurodollar Rate” for such
Interest Period shall be the rate per annum determined by the Administrative Agent to be the rate
at which deposits in Dollars for delivery on the first day of such Interest Period in same day
funds in the approximate amount of the Eurodollar Rate Loan being made, continued or converted by
Bank of America and with a term equivalent to such Interest Period would be offered by Bank of
America’s London Branch to major banks in the London interbank eurodollar market at their request
at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such
Interest Period.

     “Eurodollar Rate Loan” means a Revolving Loan that bears interest at a rate based on
the Eurodollar Rate.

     “Event of Default” has the meaning specified in Section 9.01.

     “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, any L/C
Issuer or any other recipient of any payment to be made by or on account of any obligation of the
Borrower hereunder, (a) taxes imposed on or measured by its net income (however denominated), and
franchise taxes imposed on it (in lieu of net income taxes), by any jurisdiction as a result of a
present or former connection between the Administrative Agent or such Lender or L/C Issuer or other
recipient and the jurisdiction imposing such tax or any political subdivision

10

 

or taxing authority
thereof or therein (other than any such connection arising solely from the
Administrative Agent or such Lender or L/C Issuer or other recipient having executed,
delivered or performed its obligations or received a payment under, or enforced, this Agreement or
any other Loan Document) (b) any branch profits taxes imposed by the United States or any similar
tax imposed by any other jurisdiction in which the Borrower is located and (c) in the case of a
Foreign Lender (other than an assignee pursuant to a request by the Borrower under Section
11.13), any United States withholding tax that is imposed on amounts payable to such Foreign
Lender at the time such Foreign Lender becomes a party hereto (or designates a new Lending Office),
except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time
of designation of a new Lending Office (or assignment), to receive additional amounts from the
Borrower with respect to such withholding tax pursuant to Section 3.01(a) and (d)
any withholding tax that is attributable to such Foreign Lender’s failure or inability (other than
as a result of Change in Law) to comply with Section 3.01(e).

     “Existing Credit Agreement” means, the Amended and Restated Credit Agreement, dated as
of July 29, 2005 among the Borrower, certain affiliates of the Borrower, each lender from time to
time party thereto and Bank of America, as administrative agent, swingline lender and L/C issuer,
as amended.

     “Existing Letters of Credit” means those letters of credit identified on Schedule
2.03.

     “Existing Subordinated Debt” means the collective reference to the subordinated
indebtedness identified on Schedule 1.01.

     “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted
average of the rates on overnight Federal funds transactions with members of the Federal Reserve
System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of
New York on the Business Day next succeeding such day; provided that (a) if such day is not
a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the
next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such
rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day
shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%)
charged to Bank of America on such day on such transactions as determined by the Administrative
Agent.

     “Fee Letter” means the engagement letter, dated September 28, 2009, between the
Borrower, the Administrative Agent and Banc of America Securities LLC.

     “Financial Letter of Credit” means a standby Letter of Credit not constituting a
Performance Letter of Credit.

     “Fitch” means Fitch, Inc., and any successor thereto.

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

11

 

     “Foreign Subsidiary” means any Subsidiary that either (i) is not organized under the
laws of the United States, any state thereof or the District of Columbia; (ii) is a direct or
indirect Subsidiary of a Person described in clause (i), other than any such Subsidiary that is
organized under the laws of the United States, any state thereof or the District of Columbia and
that (x) is (or has been) a Guarantor or (y) previously has been classified under this Agreement as
a Domestic Subsidiary, or (iii) is a Subsidiary substantially all of whose assets consist of the
Equity Interests of one or more Persons described in clause (i) or (ii).

     “Fully Satisfied” means, with respect to the Obligations as of any date, that, as of
such date, (a) all principal of and interest accrued to such date which constitute Obligations
shall have been paid in full in cash, (b) all fees, expenses and other amounts then due and payable
which constitute Obligations shall have been paid in cash, (c) all outstanding Letters of Credit
shall have been (i) terminated, (ii) fully Cash Collateralized or (iii) secured by one or more
letters of credit on terms and conditions, and with one or more financial institutions, reasonably
satisfactory to the applicable L/C Issuer and (d) the Commitments shall have expired or been
terminated in full.

     “GAAP” means generally accepted accounting principles in the United States set forth
in the opinions and pronouncements of the Accounting Principles Board and the American Institute of
Certified Public Accountants and statements and pronouncements of the Financial Accounting
Standards Board or such other principles as may be approved by a significant segment of the
accounting profession in the United States, that are applicable to the circumstances as of the date
of determination.

     “GAAP Investment” means any Investment of the types specified in clauses (a) or (b) of
the definition of the term “Investment” herein.

     “Governmental Authority” means the government of the United States or any other
nation, or of any political subdivision thereof, whether state or local, and any agency, authority,
instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to
government (including any supra national bodies such as the European Union or the European Central
Bank).

     “Guarantee” means, as to any Person, (the “guaranteeing person”), any
obligation of (a) the guaranteeing person or (b) another Person (including, without limitation, any
bank under any letter of credit) to induce the creation of which the guaranteeing person has issued
a reimbursement or similar obligation, in either case guaranteeing or in effect guaranteeing any
Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any
other third Person (the “primary obligor”) in any manner, whether directly or indirectly,
including, without limitation, reimbursement obligations under letters of credit and any obligation
of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation
or any property constituting direct or indirect security therefor, (ii) to advance or supply funds
(1) for the purchase or payment of any such primary obligation or (2) to maintain working capital
or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the
primary obligor, (iii) to purchase property, securities or services primarily for the purpose of
assuring the owner of any such primary obligation of the ability of the primary obligor to make

12

 

payment of such primary obligation or (iv) otherwise to assure or hold harmless the owner of
any such primary obligation against loss in respect thereof; provided, however,
that the term Guarantee shall not include endorsements of instruments for deposit or collection in
the ordinary course of business. The amount of any Guarantee of any guaranteeing person shall be
deemed to be the lower of (a) an amount equal to the stated or determinable amount of the primary
obligation in respect of which such Guarantee is made and (b) the maximum amount for which such
guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee,
unless such primary obligation and the maximum amount for which such guaranteeing person may be
liable are not stated or determinable, in which case the amount of such Guarantee shall be such
guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by
the Borrower in good faith. The term “Guarantee” as a verb has a corresponding meaning.

     “Guarantors” means each Person identified as a “Guarantor” on the signature pages
hereto (including L-3 Communications Holdings, Inc.) and each other Person that joins as a
Guarantor pursuant to Section 7.08, together with their successors and permitted assigns.

     “Guaranty” means the Guaranty made by the Guarantors in favor of the Administrative
Agent and the Lenders pursuant to Article IV hereof.

     “Guaranty Release Date” means the date the Guarantees of the Subsidiaries are released
in accordance with the terms of Section 11.19.

     “Holdings” means L-3 Communications Holdings, Inc., a Delaware corporation.

     “Immaterial Subsidiary” means, at any time, any Subsidiary which does not have assets
exceeding 5.0% of the Consolidated Total Assets; provided however, that if any
Subsidiary is a not a Wholly Owned Subsidiary, the assets of such Subsidiary to be included in the
above calculation shall be reduced by the portion of the minority interest for such Subsidiary as
reported in the Borrower’s consolidated balance sheet; provided, further that for
purposes of Section 9.01(f), any two or more Subsidiaries having aggregate assets of 5.0%
or more of the Consolidated Total Assets (calculated, in the case of Non-Wholly Owned Subsidiaries,
in accordance with the preceding proviso) shall not be considered Immaterial Subsidiaries.

     “Indebtedness” means, as to any Person at a particular time, without duplication, all
of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

     (a) all obligations of such Person for borrowed money (including the Loans hereunder)
or for the deferred purchase price of property or services to the extent, if any, reflected
as a liability on the balance sheet of such Person in accordance with GAAP (other than
current trade liabilities incurred in the ordinary course of business and payable in
accordance with customary practices and accrued expenses incurred in the ordinary course of
business);

     (b) any other indebtedness of such Person which is evidenced by a note, bond, debenture
or similar instrument;

13

 

     (c) all obligations of such Person in respect of acceptances issued or created for the
account of such Person and all reimbursement and other obligations with respect to any
letters of credit (including the Letters of Credit hereunder) and surety bonds, whether or
not matured or drawn;

     (d) all liabilities secured by any Lien on any property owned by such Person even
though such Person has not assumed or otherwise become liable for the payment thereof;

     (e) the Attributable Indebtedness of such Person with respect to Capital Leases,
Synthetic Lease Obligations and Securitization Transactions;

     (f) all obligations of such Person with respect to any Disqualified Preferred Stock; and

     (g) all Guarantees of such Person in respect of any of the foregoing.

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

     “Indemnitees” has the meaning specified in Section 11.04(b).

     “Information” has the meaning specified in Section 11.07.

     “Insolvent” means, with respect to any Multiemployer Plan, the meaning of such term
provided in Section 4245 of ERISA. Derivatives of such term have corresponding meanings.

     “Intellectual Property” has the meaning specified in Section 6.09.

     “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the
last day of each Interest Period applicable to such Loan and the Maturity Date; provided,
however, that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the
respective dates that fall every three months after the beginning of such Interest Period shall
also be Interest Payment Dates; and (b) as to any Base Rate Loan (including a Swing Line Loan), the
last Business Day of each March, June, September and December and the Maturity Date.

     “Interest Period” means, as to each Eurodollar Rate Loan, the period commencing on the
date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan
and ending on the date one, two, three or six months thereafter, as selected by the Borrower in its
Revolving Loan Notice or one day, one week, two weeks, nine months or twelve months thereafter, as
requested by the Borrower and consented to by all the Lenders; provided that:

     (i) any Interest Period that would otherwise end on a day that is not a Business Day
shall be extended to the next succeeding Business Day unless such Business Day falls in
another calendar month, in which case such Interest Period shall end on the next preceding
Business Day;

     (ii) any Interest Period that begins on the last Business Day of a calendar month (or
on a day for which there is no numerically corresponding day in the calendar

14

 

month at the end of such Interest Period) shall end on the last Business Day of the
calendar month at the end of such Interest Period; and

     (iii) no Interest Period shall extend beyond the Maturity Date.

     “Investment” means, as to any Person, any direct or indirect acquisition or investment
by such Person, whether by means of (a) the purchase or other acquisition of capital stock or other
securities of another Person, (b) a loan, advance or capital contribution to, or purchase or other
acquisition of any other debt or equity participation or interest in, another Person, including any
partnership or joint venture interest in such other Person, or (c) the purchase or other
acquisition (in one transaction or a series of transactions) of assets of another Person that
constitute a division or business unit.

     “ISP” means, with respect to any standby Letter of Credit, the “International Standby
Practices 1998” published by the Institute of International Banking Law & Practice (or such later
version thereof as may be in effect at the time of issuance).

     “Issuer Documents” means with respect to any Letter of Credit, the Letter of Credit
Application, and any other document, agreement and instrument entered into by the applicable L/C
Issuer and the Borrower (or any Subsidiary) or in favor of such L/C Issuer and relating to such
Letter of Credit.

     “Joinder Agreement” means a joinder agreement substantially in the form of Exhibit
G executed and delivered by a direct or indirect Subsidiary (other than an Immaterial
Subsidiary) in accordance with the provisions of Section 7.08.

     “Joint Book Running Managers” means each of Banc of America Securities LLC, Barclays
Capital, the investment banking division of Barclays Bank PLC, The Bank of Nova Scotia, SG Americas
Securities, LLC, and Calyon New York Branch.

     “Joint Lead Arranger” means each of Banc of America Securities LLC, Barclays Capital,
the investment banking division of Barclays Bank PLC, The Bank of Nova Scotia, SG Americas
Securities, LLC and Calyon New York Branch.

     “Laws” means as to any Person, any law, treaty, executive order, rule or regulation or
determination of an arbitrator or a court or other Governmental Authority, in each case applicable
to or binding upon such Person or any of its property or to which such Person or any of its
property is subject.

     “L/C Advance” means, with respect to each Lender, such Lender’s funding of its
participation in any Unreimbursed Amount in accordance with its Applicable Percentage. All L/C
Advances shall be denominated in Dollars.

     “L/C Credit Extension” means, with respect to any Letter of Credit, the issuance
thereof or extension of the expiry date thereof, or the increase of the amount thereof.

     “L/C Issuer” means Bank of America in its capacity as issuer of Letters of Credit
hereunder and any other Lender in its capacity as issuer of Letters of Credit hereunder who has

15

 

been selected by the Borrower and who has agreed to act as an L/C Issuer hereunder in
accordance with the terms hereof or any successor issuer of Letters of Credit that agrees to act as
an L/C Issuer at the request of the Borrower and to whom the Administrative Agent consents (such
consent not to be unreasonably withheld).

     “L/C Obligations” means, as at any date of determination, the Dollar Equivalent of the
aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate
of all Unreimbursed Amounts. For purposes of computing the amount available to be drawn under any
Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with
Section 1.08. For all purposes of this Agreement, if on any date of determination a
standby Letter of Credit has expired by its terms but any amount may still be drawn thereunder by
reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be
“outstanding” in the amount so remaining available to be drawn.

     “Lender” has the meaning specified in the introductory paragraph hereto and, as the
context requires, includes the Swing Line Lender.

     “Lending Office” means, as to any Lender, the office or offices of such Lender
described as such in such Lender’s Administrative Questionnaire, or such other office or offices as
a Lender may from time to time notify the Borrower and the Administrative Agent.

     “Letter of Credit” means any letter of credit issued hereunder and shall include the
Existing Letters of Credit. A Letter of Credit may be a standby Letter of Credit or a commercial
Letter of Credit. Letters of Credit may be issued in Dollars or in an Alternative Currency.

     “Letter of Credit Application” means an application and agreement for the issuance or
amendment of a Letter of Credit in the form from time to time in use by an L/C Issuer.

     “Letter of Credit Expiration Date” means the day that is five days prior to the
Maturity Date (or, if such day is not a Business Day, the next preceding Business Day).

     “Letter of Credit Fee” has the meaning specified in Section 2.03(i).

     “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge, or preference, priority or other security interest
or preferential arrangement in the nature of a security interest of any kind or nature whatsoever
(including any conditional sale or other title retention agreement, any easement, right of way or
other encumbrance on title to real property, and any Capital Lease having substantially the same
economic effect as any of the foregoing).

     “Loan” means an extension of credit by a Lender to the Borrower under Article
II in the form of a Revolving Loan or a Swing Line Loan.

     “Loan Documents” means this Agreement, each Note, each Issuer Document, and the Fee
Letter, each as amended, modified, supplemented, extended, renewed, restated or substituted from
time to time.

     “Loan Parties” means, collectively, the Borrower and each Guarantor.

16

 

     “Material Adverse Effect” means a material adverse effect on (a) the business, assets,
operations, property or condition (financial or otherwise) of Holdings, the Borrower and its
Subsidiaries taken as a whole or (b) the validity or enforceability of this or any of the other
Loan Documents or the rights or remedies of the Administrative Agent or the Lenders hereunder or
thereunder.

     “Materials of Environmental Concern” means any substances, materials or wastes of any
nature, defined, listed or regulated as “hazardous” or “toxic” (or words of similar meaning) in or
under, that could give rise to liability under, or are otherwise regulated by, any applicable
Environmental Law, including, without limitation, asbestos or asbestos-containing material,
polychlorinated biphenyls, urea-formaldehyde insulation, petroleum (including gasoline or crude oil
or any fraction thereof) or petroleum products, explosive or radioactive materials, radon gas, or
infectious or medical wastes.

     “Maturity Date” means October 23, 2012.

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

     “Multiemployer Plan” means any employee benefit plan of the type described in Section
4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate makes or is obligated to make
contributions, or during the preceding five plan years, has made or been obligated to make
contributions.

     “Net Proceeds” means (a) the aggregate cash proceeds (including Cash Equivalents)
received by the Borrower or any of its Subsidiaries in respect of any conveyance, sale, lease,
assignment, transfer or other disposition of property, business or assets (for the purposes of this
definition, “Asset Sale”), in each case net of (without duplication) (i) the amount
required to repay any Indebtedness (other than the Loans) secured by a Lien on any assets of the
Borrower or a Subsidiary that are sold or otherwise disposed of in connection with such Asset Sale
and (ii) reasonable and appropriate amounts established by the Borrower or such Subsidiary, as the
case may be, as a reserve against liabilities associated with such Asset Sale and retained by the
Borrower or such Subsidiary, (iii) the reasonable expenses (including legal fees and brokers’ and
underwriters’ commissions, lenders fees, credit enhancement fees, accountants’ fees, investment
banking fees, survey costs, title insurance premiums and other customary fees, in any case, paid to
third parties or, to the extent permitted hereby, Affiliates) incurred in effecting such Asset Sale
and (iv) any taxes reasonably attributable to such Asset Sale and reasonably estimated by the
Borrower or such Subsidiary to be actually payable, and (b) any cash payments received in respect
of promissory notes or other evidences of Indebtedness delivered to the Borrower or such Subsidiary
in respect of an Asset Sale.

     “Non-Guarantor Subsidiary” means any Consolidated Subsidiary of the Borrower that is
not a Guarantor.

     “Non-Guarantor Operating Assets” means, as of any date of determination, the sum of
(a) total assets of the Non-Guarantor Subsidiaries as determined according to the financial
statements contained in the most recent SEC filing required by Section 7.01 minus (b)
minority interests in Non-Guarantor Subsidiaries as determined according to the financial
statements

17

 

contained in the most recent SEC filing required by Section 7.01 plus (c) to the
extent not otherwise included in clause (a) above, the aggregate amount of GAAP Investments of the
Borrower, Holdings or any Consolidated Subsidiary in any Person that is not a Consolidated
Subsidiary.

     “Non-Wholly Owned Subsidiary” means any Subsidiary of the Borrower that is not a
Wholly Owned Subsidiary.

     “Nonconsenting Lender” has the meaning specified in Section 11.13.

     “Note” means the Revolving Notes and the Swing Line Note, individually or
collectively, as appropriate.

     “Obligations” means all advances to, and debts, liabilities and obligations of, any
Loan Party arising (i) under any Loan Document or (ii) otherwise with respect to any Loan or Letter
of Credit, whether direct or indirect (including those acquired by assumption), absolute or
contingent, due or to become due, now existing or hereafter arising and including interest and fees
that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any
proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding,
regardless of whether such interest and fees are allowed claims in such proceeding. “Obligations”
shall also include any Swap Contract between any Loan Party and any Lender or Affiliate of a Lender
and all obligations under any Treasury Management Agreement between any Loan Party and any Lender
or an Affiliate of any Lender.

     “Organization Documents” means, (a) with respect to any corporation, the certificate
or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents
with respect to any non U.S. jurisdiction); (b) with respect to any limited liability company, the
certificate or articles of formation or organization and operating agreement; and (c) with respect
to any partnership, joint venture, trust or other form of business entity, the partnership, joint
venture or other applicable agreement of formation or organization.

     “Other Taxes” means 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
under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with
respect to, this Agreement or any other Loan Document.

     “Outstanding Amount” means (i) with respect to Revolving Loans on any date, the
aggregate outstanding principal amount thereof after giving effect to any borrowings and
prepayments or repayments of Revolving Loans occurring on such date; (ii) with respect to Swing
Line Loans on any date, the aggregate outstanding principal amount thereof after giving effect to
any borrowings and prepayments or repayments of such Swing Line Loans occurring on such date; and
(iii) with respect to any L/C Obligations on any date, the Dollar Equivalent of the aggregate
outstanding amount of such L/C Obligations on such date after giving effect to any L/C Credit
Extension occurring on such date and any other changes in the aggregate amount of the L/C
Obligations as of such date, including as a result of any reimbursements by the Borrower of
Unreimbursed Amounts.

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     “Overnight Rate” means, for any day, with respect to any amount denominated in
Dollars, the greater of (a) the Federal Funds Rate and (b) an overnight rate determined by the
Administrative Agent or the applicable L/C Issuer, as the case may be, in accordance with banking
industry rules on interbank compensation.

     “Participant” has the meaning specified in Section 11.06(d).

     “PBGC” means the Pension Benefit Guaranty Corporation.

     “Pension Plan” means any “employee pension benefit plan” (as such term is defined in
Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and
is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any
ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple
employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time
during the immediately preceding five plan years.

     “Performance Letter of Credit” means a standby Letter of Credit issued to ensure the
performance of services and/or delivery of goods by or on behalf of the Borrower or any of its
Subsidiaries.

     “Permitted Liens” means those Liens permitted to exist pursuant to Section
8.01.

     “Permitted Receivables Program” means any receivables securitization program pursuant
to which the Borrower or any of the Subsidiaries sells accounts receivable and related receivables
in a “true sale” transaction; provided, however, that any related Indebtedness
incurred to finance the purchase of such accounts receivable does not exceed $250,000,000 at any
time outstanding and such Indebtedness is not includible on the balance sheet of the Borrower or
any Subsidiary in accordance with GAAP and applicable regulations of the SEC.

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

     “Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of
ERISA) established by, maintained by or contributed to the Borrower.

     “Platform” means Intralinks or another similar electronic system.

     “Post-Closing Net Asset Investment Amount” means, the excess, if any, of (a) the
aggregate amount of (i) investments made by the Borrower and its Subsidiaries from and after the
Closing Date in assets employed in their respective businesses or in a Similar Business and (ii)
Acquisitions made by the Borrower and its Subsidiaries from and after the Closing Date minus (b)
Net Proceeds received by the Borrower or any of its Subsidiaries from and after the Closing Date.

     “Pre-Closing Net Asset Investment Amount” means, the excess, if any, of (a) the
aggregate amount of (i) investments made by the Borrower and its Subsidiaries during the period
from and including March 9, 2005 to but not including the Closing Date in assets employed in their
respective businesses or in a Similar Business and (ii) Acquisitions made by the Borrower

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and its Subsidiaries during the period from and including March 9, 2005 to but not including
the Closing Date minus (b) Net Proceeds received by the Borrower or any of its Subsidiaries during
the period from and including March 9, 2005 to but not including the Closing Date.

     “Pro Forma Basis” means, for purposes of calculating the financial covenants set forth
in Section 8.08(a), (b) and (c), that any Acquisition shall be deemed to
have occurred as of the first day of the most recent four fiscal quarter period preceding the date
of such Acquisition for which the Borrower has delivered financial statements pursuant to
Section 7.01. In connection with the foregoing, income statement items attributable to the
Person or property or assets acquired shall be included to the extent relating to any period
applicable in such calculations to the extent (i) such items are not otherwise included in such
income statement items for the Borrower and its Subsidiaries in accordance with GAAP or in
accordance with any defined terms set forth in Section 1.01 (provided, that any
non-recurring consulting, investment banking, legal, accounting, auditing, financing, change of
control and/or similar costs incurred in connection with any Acquisition and included in the income
statement of the Person or property or assets acquired shall not be so included), (ii) such items
are supported by financial statements or other information reasonably satisfactory to the
Administrative Agent and (iii) any Indebtedness incurred or assumed by the Borrower or any
Subsidiary (including the Person or property acquired) in connection with such Acquisition and any
Indebtedness of the Person or property acquired which is not retired in connection with such
Acquisition (A) shall be deemed to have been incurred as of the first day of the most recent four
fiscal quarter period preceding the date for such Acquisition and (B) if such Indebtedness has a
floating or formula rate, shall have an implied rate of interest for the most recent four fiscal
quarter period preceding the date for such Acquisition for purposes of this definition determined
by utilizing the rate which is or would be in effect with respect to such Indebtedness as at the
relevant date of determination.

     “Properties” has the meaning specified in Section 6.10.

     “Ratings Agencies” means S&P, Moody’s and Fitch.

     “Register” has the meaning specified in Section 11.06(c).

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

     “Reorganization” means, with respect to any Multiemployer Plan, has the meaning
provided such term in Section 4241 of ERISA.

     “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA,
other than events for which the 30 day notice period has been waived.

     “Request for Credit Extension” means (a) with respect to a Borrowing, conversion or
continuation of Revolving Loans, a Revolving Loan Notice, (b) with respect to an L/C Credit
Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line
Loan Notice.

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     “Required Lenders” means, as of any date of determination, (a) Lenders having more
than 50% of the Aggregate Revolving Commitments or (b) if the commitment of each Lender to make
Loans and the obligation of each L/C Issuer to make L/C Credit Extensions have expired or been
terminated pursuant to Section 9.02, Lenders holding in the aggregate more than 50% of the
Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded
participation in L/C Obligations and Swing Line Loans being deemed “held” by such Lender for
purposes of this definition); provided that the Commitment of, and the portion of the Total
Outstandings held or deemed held by, any Defaulting Lender shall be excluded from both the
numerator and the denominator for purposes of making a determination of Required Lenders.

     “Responsible Officer” means the chief executive officer, president, senior vice
president, vice president, controller, chief financial officer, treasurer or assistant treasurer of
a Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan
Party shall be conclusively presumed to have been authorized by all necessary corporate,
partnership and/or other action on the part of such Loan Party and such Responsible Officer shall
be conclusively presumed to have acted on behalf of such Loan Party.

     “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any capital stock (other than Disqualified Preferred
Stock) or other Equity Interest of the Borrower or any Subsidiary, or any payment (whether in cash,
securities or other property), including any sinking fund or similar deposit, on account of the
purchase, redemption, retirement, acquisition of any such capital stock (other than Disqualified
Preferred Stock) or other Equity Interest or on account of any return of capital to the Borrower’s
stockholders, partners or members (or the equivalent Person thereof).

     “Revolving Borrowing” means a borrowing consisting of simultaneous Revolving Loans of
the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by
each of the Lenders pursuant to Section 2.01.

     “Revaluation Date” means, with respect to any Letter of Credit, each of the following:
(i) each date of issuance of a Letter of Credit denominated in an Alternative Currency, (ii) each
date of an amendment of any such Letter of Credit having the effect of increasing the amount
thereof (solely with respect to the increased amount), (iii) each date of any payment by an L/C
Issuer under any Letter of Credit denominated in an Alternative Currency, (iv) in the case of any
Existing Letters of Credit denominated in an Alternative Currency, the Closing Date, (v) such other
dates as the Borrower may reasonably request from time to time and (vi) such other dates as the
applicable L/C Issuer or the Administrative Agent shall require provided that the Borrower
receives prompt notice thereof.

     “Revolving Commitment” means, as to each Lender, its obligation to (a) make Revolving
Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C
Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount
at any one time outstanding not to exceed the amount set forth in the commitment notification
delivered by the Administrative Agent and the Borrower to such Lender or in the Assignment and
Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may
be adjusted from time to time in accordance with this Agreement.

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     “Revolving Loan” has the meaning specified in Section 2.01.

     “Revolving Loan Notice” means a notice of (a) a Revolving Borrowing, (b) a conversion
of Revolving Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans,
pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

     “Revolving Note” has the meaning specified in Section 2.11(a).

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

     “SEC” means the Securities and Exchange Commission, or any Governmental Authority
succeeding to any of its principal functions.

     “Securitization Transaction” means any financing transaction or series of financing
transactions (including factoring arrangements) pursuant to which the Borrower or any Subsidiary
may sell, convey or otherwise transfer, or grant a security interest in, accounts, payments,
receivables, rights to future lease payments or residuals or similar rights to payment to a special
purpose Subsidiary or Affiliate of the Borrower.

     “Similar Business” means a business, at least a majority of whose revenues in the most
recently ended calendar year were derived from (a) the sale of defense or homeland security
products, electronics, communications systems, aerospace products, avionics products and/or
communications products, (b) any services related thereto, (c) any business of the Borrower and/or
its Subsidiaries existing as of the Closing Date, (d) any business or activity that is reasonably
similar thereto or a reasonable extension, development or expansion thereof or ancillary thereto
and (e) any combination of any of the foregoing.

     “Single Employer Plan” means any Pension Plan maintained solely by Holdings, the
Borrower or any ERISA Affiliates.

     “Spot Rate” for any Alternative Currency on any date means the rate quoted by the
applicable L/C Issuer as the spot rate for the purchase by such L/C Issuer of such Alternative
Currency with Dollars through its principal foreign exchange trading office at approximately 11:00
a.m. on the date two Business Days prior to such date; provided that, if agreed to by the
Borrower, such L/C Issuer may obtain such spot rate from another financial institution designated
by such L/C Issuer if the Person acting in such capacity does not have as of the date of
determination a spot buying rate for any such Alternative Currency; and provided
further that such L/C Issuer may use such spot rate quoted on the date as of which the
foreign exchange computation is made in the case of any Letter of Credit denominated in an
Alternative Currency.

     “Subordinated Debt” means the Existing Subordinated Debt and any Additional
Subordinated Debt.

     “Subsidiary” of a Person means a corporation, partnership, joint venture, limited
liability company or other business entity of which the shares of stock or other interests having
ordinary voting power for the election of a majority of the board of directors or other governing
body

22

 

(other than stock or interests having such power only by reason of the happening of a
contingency) are at the time beneficially owned, directly, or indirectly through one or more
intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a
“Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower.

     “Swap Contract” means any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward
commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest
rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross currency rate swap transactions, currency options,
spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement.

     “Swap Contract Obligations” means the obligations of the Borrower or any of its
Subsidiaries to make payments to counterparties under Swap Contracts in the event of the occurrence
of a termination event thereunder.

     “Swing Line” means the revolving credit facility made available by the Swing Line
Lender pursuant to Section 2.04.

     “Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section
2.04.

     “Swing Line Lender” means Bank of America in its capacity as provider of Swing Line
Loans, or any successor swing line lender hereunder.

     “Swing Line Loan” has the meaning specified in Section 2.04(a).

     “Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to
Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit
B.

     “Swing Line Note” has the meaning specified in Section 2.11.

     “Swing Line Sublimit” means an amount equal to the lesser of (a) $50,000,000 and (b)
the Aggregate Revolving Commitments. The Swing Line Sublimit is part of, and not in addition to,
the Aggregate Revolving Commitments.

     “Syndication Agent” means Barclays Capital, the investment banking division of
Barclays Bank PLC.

     “Synthetic Lease Obligation” means the monetary obligation of a Person under a so
called synthetic or off balance sheet lease which, upon the insolvency or bankruptcy of such
Person, would be characterized as the Indebtedness of such Person (without regard to accounting
treatment).

23

 

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

     “Threshold Amount” means $50,000,000.

     “Total Assets” means, as of any date of determination, the sum of (a) total assets of
Holdings, the Borrower and its Consolidated Subsidiaries as determined according to the financial
statements contained in the most recent SEC filing required by Section 7.01 minus (b)
minority interests in Non-Guarantor Subsidiaries as determined according to the financial
statements contained in the most recent SEC filing required by Section 7.01 minus (c) the
net book value (as determined according to the financial statements contained in the most recent
SEC filing required by Section 7.01) of all assets of Holdings that are subject to a Lien
not in favor of (i) the Administrative Agent for the benefit of the holders of the Obligations or
(ii) the Borrower.

     “Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C
Obligations.

     “Treasury Management Agreement” means any agreement governing the provision of
treasury or cash management services, including deposit accounts, funds transfer, automated
clearinghouse, zero balance accounts, returned check concentration, controlled disbursement,
lockbox, account reconciliation and reporting and trade finance services.

     “Type” means, with respect to a Revolving Loan, its character as a Base Rate Loan or a
Eurodollar Rate Loan.

     “UCP” means the Uniform Customs and Practice for Documentary Credits (2007 Revision),
International Chamber of Commerce Publication No. 600, as the same may be amended from time to
time.

     “United States” and “U.S.” mean the United States of America.

     “Unreimbursed Amount” has the meaning specified in Section 2.03(c)(i).

     “Voting Stock” means, of any Person, as of any date, the Equity Interest of such
Person that is at the time entitled to vote in the election of the board of directors of such
Person.

     “Wholly Owned Subsidiary” means a Subsidiary of the Borrower, the Equity Interest of
which is 100% owned and controlled, directly or indirectly, by the Borrower.

     “2005 Indenture” means that certain indenture dated as of July 29, 2005 between the
Borrower and The Bank of New York, as trustee, as such indenture may be amended, modified, restated
or supplemented and in effect from time to time in accordance with the terms hereof and thereof.

     “2005 Senior Subordinated Note Documents” means the 2005 Senior Subordinated Notes and
the 2005 Indenture.

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     “2005 Senior Subordinated Notes” means those certain 6 3/8% guaranteed senior
subordinated notes due 2015 issued by the Borrower under the 2005 Indenture in the original
principal amount of $1,000,000,000, together with any note issued in exchange or substitution
therefor, as the same may be amended, modified or supplemented from time to time in accordance with
the terms hereof and thereof.

     “2009 Indenture” means that certain indenture dated as of October 2, 2009 between the
Borrower and The Bank of New York Mellon, as trustee, as such indenture may be amended, modified,
restated or supplemented and in effect from time to time in accordance with the terms hereof and
thereof.

     “2009 Senior Note Documents” means the 2009 Senior Notes and the 2009 Indenture.

     “2009 Senior Notes” means those certain 5.20% senior notes due 2019 issued by the
Borrower under the 2009 Indenture in the original principal amount of $1,000,000,000, together with
any note issued in exchange or substitution therefor, as the same may be amended, modified or
supplemented from time to time in accordance with the terms hereof and thereof.

1.02 Other Interpretive Provisions.

     With reference to this Agreement and each other Loan Document, unless otherwise specified
herein or in such other Loan Document:

     (a) The definitions of terms herein shall apply equally to the singular and plural
forms of the terms defined. Whenever the context may require, any pronoun shall include the
corresponding masculine, feminine and neuter forms. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase
“without limitation.” The word “will” shall be construed to have the same meaning
and effect as the word “shall.” Unless the context requires otherwise, (i) any
definition of or reference to any agreement, instrument or other document (including any
Organization Document) shall be construed as referring to such agreement, instrument or
other document as from time to time amended, supplemented or otherwise modified (subject to
any restrictions on such amendments, supplements or modifications set forth herein or in any
other Loan Document), (ii) any reference herein to any Person shall be construed to include
such Person’s successors and assigns, (iii) the words “herein,” “hereof” and
“hereunder,” and words of similar import when used in any Loan Document, shall be
construed to refer to such Loan Document in its entirety and not to any particular provision
thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and
Schedules shall be construed to refer to Articles and Sections of, and Exhibits and
Schedules to, the Loan Document in which such references appear, (v) any reference to any
law shall include all statutory and regulatory provisions consolidating, amending, replacing
or interpreting such law and any reference to any law or regulation shall, unless otherwise
specified, refer to such law or regulation as amended, modified or supplemented from time to
time, and (vi) the words “asset” and “property” shall be construed to have
the same meaning
and effect and to refer to any and all tangible and intangible assets and properties,
including cash, securities, accounts and contract rights.

25

 

     (b) In the computation of periods of time from a specified date to a later specified
date, the word “from” means “from and including;” the words “to” and
“until” each mean “to but excluding;” and the word “through” means
“to and including.”

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

1.03 Accounting Terms.

     (a) Generally. All accounting terms not specifically or completely defined herein
shall be construed in conformity with, and all financial data (including financial ratios and other
financial calculations) required to be submitted pursuant to this Agreement shall be prepared in
conformity with, GAAP, as in effect from time to time, applied consistently throughout the periods
reflected therein, except as otherwise specifically prescribed herein. For the avoidance of doubt,
any obligations or liabilities of a Person which are identified in footnote disclosures but not the
balance sheet of such Person shall not be considered liabilities on the balance sheet of such
Person under GAAP.

     (b) Changes in GAAP. If at any time any change in GAAP would affect the computation
of any financial ratio or requirement set forth in any Loan Document, and either the Borrower or
the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall
negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof
in light of such change in GAAP (subject to the approval of the Required Lenders); provided
that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance
with GAAP prior to such change therein and (ii) if a request for such an amendment has been made,
the Borrower shall provide to the Administrative Agent and the Lenders financial statements and
other documents required under this Agreement or as reasonably requested hereunder setting forth a
reconciliation between calculations of such ratio or requirement made before and after giving
effect to such change in GAAP.

     (c) Pro Forma Basis Calculation. Notwithstanding the foregoing, the parties hereto
acknowledge and agree that all calculations of the Consolidated Interest Coverage Ratio,
Consolidated Leverage Ratio and the Consolidated Senior Leverage Ratio for purposes of determining
compliance with Section 8.08(a), (b) and (c) shall be made on a Pro Forma
Basis.

1.04 Rounding.

     Any financial ratios required to be maintained by the Borrower pursuant to this Agreement
shall be calculated by dividing the appropriate component by the other component, carrying the
result to one place more than the number of places by which such ratio is expressed
herein and rounding the result up or down to the nearest number (with a rounding up if there
is no nearest number).

1.05 Exchange Rates; Currency Equivalents.

     The applicable L/C Issuer shall determine the Spot Rates as of each Revaluation Date to be
used for calculating Dollar Equivalent amounts of L/C Credit Extensions and Outstanding

26

 

Amounts
denominated in Alternative Currencies. Such Spot Rates shall become effective as of such
Revaluation Date and shall be the Spot Rates employed in converting any amounts between the
applicable currencies until the next Revaluation Date to occur. Except for purposes of financial
statements delivered by Loan Parties hereunder or calculating financial covenants hereunder or
except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for
purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the
applicable L/C Issuer.

1.06 Additional Alternative Currencies.

     Any request for a Letter of Credit in a currency not otherwise specified in the definition of
“Alternative Currency” shall be made to the Administrative Agent not later than 11:00 a.m., five
(5) Business Days prior to the date of the desired L/C Credit Extension (or such other time or date
as may be agreed by the Administrative Agent and the applicable L/C Issuer, in their sole
discretion). In the case of any such request, the Administrative Agent shall promptly notify such
L/C Issuer thereof. Such L/C Issuer shall notify the Administrative Agent, not later than 11:00
a.m., two Business Days after receipt of such request whether it consents to the issuance of
Letters of Credit in such requested currency and, if such L/C Issuer so consents, such currency
shall thereupon be deemed with respect to such L/C Issuer, an Alternative Currency. Any failure by
the applicable L/C Issuer to respond to such request within the time period specified in the
preceding sentence shall be deemed to be a refusal by such L/C Issuer to permit Letters of Credit
to be issued in such requested currency. The Administrative Agent shall promptly notify the
Borrower of the applicable L/C Issuer’s response to any request pursuant to this Section
1.06.

1.07 Times of Day.

     Unless otherwise specified, all references herein to times of day shall be references to
Eastern time (daylight or standard, as applicable).

1.08 Letter of Credit Amounts.

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

ARTICLE II

THE COMMITMENTS AND CREDIT EXTENSIONS

2.01 Revolving Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make
loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars from time to time, on
any Business Day during the Availability Period, in an aggregate amount not to exceed at any time
outstanding the amount of such Lender’s Revolving Commitment; provided, however,
that after giving effect to any Borrowing of Revolving Loans, (i) the Total Outstandings shall not
exceed the Aggregate Revolving Commitments, and (ii) the aggregate

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Outstanding Amount of the
Revolving Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding
Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding
Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Within the
limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof,
the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and
reborrow under this Section 2.01. Revolving Loans may be Base Rate Loans or Eurodollar
Rate Loans, as further provided herein.

2.02 Borrowings, Conversions and Continuations of Revolving Loans.

     (a) Each Revolving Borrowing, each conversion of Revolving Loans from one Type to the other,
and each continuation of Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice
to the Administrative Agent, which may be given by telephone. Each such notice must be received by
the Administrative Agent not later than 11:00 a.m. (i) three Business Days prior to the requested
date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans and (ii) on the
requested date of any Borrowing of Base Rate Revolving Loans; provided, however,
that if the Borrower wishes to request Eurodollar Rate Loans having an Interest Period other than
one, two, three or six months in duration, the applicable notice must be received by the
Administrative Agent not later than 11:00 a.m. four Business Days prior to the requested date of
such Borrowing, conversion or continuation of Eurodollar Rate Loans, whereupon the Administrative
Agent shall give prompt notice to the Lenders of such request and determine whether the requested
Interest Period is acceptable to all of them. Not later than 11:00 a.m., three Business Days
before the requested date of such Borrowing, conversion or continuation of Eurodollar Rate Loans,
the Administrative Agent shall notify the Borrower (which notice may be by telephone) whether or
not the requested Interest Period has been consented to by all the Lenders. Each telephonic notice
by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to
the Administrative Agent of a written Revolving Loan Notice, appropriately completed and signed by
a Responsible Officer of the
Borrower. Each Borrowing of, conversion to or continuation of Eurodollar Rate Loans shall be
in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Each
Borrowing of or conversion to Base Rate Revolving Loans shall be in a principal amount of
$2,000,000 or a whole multiple of $100,000 in excess thereof. Each Revolving Loan Notice (whether
telephonic or written) shall specify (i) whether the Borrower is requesting a Revolving Borrowing,
a conversion of Revolving Loans from one Type to the other, or a continuation of Eurodollar Rate
Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be
(which shall be a Business Day), (iii) the principal amount of Revolving Loans to be borrowed,
converted or continued, (iv) the Type of Revolving Loans to be borrowed or to which existing
Revolving Loans are to be converted, and (v) if applicable, the duration of the Interest Period
with respect thereto. If the Borrower fails to specify a Type of Revolving Loan in a Revolving
Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or
continuation, then the applicable Revolving Loans shall be made as, or converted to, Base Rate
Loans. Any such automatic conversion to Base Rate Loans shall be effective as of the last day of
the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans. If the
Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any
such Revolving Loan Notice, but fails to specify an Interest Period, it will be deemed to have
specified an Interest Period of one month.

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     (b) Following receipt of a Revolving Loan Notice, the Administrative Agent shall promptly
notify each Lender of the amount of its Applicable Percentage of the applicable Revolving Loans,
and if no timely notice of a conversion or continuation is provided by the Borrower, the
Administrative Agent shall notify each Lender of the details of any automatic conversion to Base
Rate Loans described in the preceding Section. In the case of a Revolving Borrowing, each Lender
shall make the amount of its Revolving Loan available to the Administrative Agent in immediately
available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day
specified in the applicable Revolving Loan Notice. Upon satisfaction of the applicable conditions
set forth in Section 5.02 (and, if such Borrowing is the initial Credit Extension,
Section 5.01), the Administrative Agent shall make all funds so received available to the
Borrower in like funds as received by the Administrative Agent either by (i) crediting the account
of the Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer
of such funds, in each case in accordance with instructions provided to (and reasonably acceptable
to) the Administrative Agent by the Borrower.

     (c) Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted
only on the last day of an Interest Period for such Eurodollar Rate Loan.

     (d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the
interest rate applicable to any Interest Period for Eurodollar Rate Loans upon determination of
such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent
shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used in
determining the Base Rate promptly following the public announcement of such change.

     (e) After giving effect to all Revolving Borrowings, all conversions of Revolving Loans from
one Type to the other, and all continuations of Revolving Loans as the same Type, there shall not
be more than twenty Interest Periods in effect with respect to Revolving Loans.

2.03 Letters of Credit.

     (a) The Letter of Credit Commitment.

     (i) Subject to the terms and conditions set forth herein, (A) each L/C Issuer agrees,
in reliance upon the agreements of the Lenders set forth in this Section 2.03, (1)
from time to time on any Business Day during the period from the Closing Date until the
Letter of Credit Expiration Date, to issue Letters of Credit denominated in Dollars or in an
Alternative Currency for the account of the Borrower or any of its Subsidiaries, and to
amend or extend Letters of Credit previously issued by it, in accordance with subsection (b)
below, and (2) to honor drawings under the Letters of Credit; and (B) the Lenders severally
agree to participate in Letters of Credit issued for the account of the Borrower and any
drawings thereunder; provided that after giving effect to any L/C Credit Extension
with respect to any Letter of Credit, (x) the Total Outstandings shall not exceed the
Aggregate Revolving Commitments and (y) the aggregate Outstanding Amount of the Revolving
Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding
Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the
Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving
Commitment. Each request by the Borrower for the

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issuance or amendment of a Letter of
Credit shall be deemed to be a representation by the Borrower that the L/C Credit Extension
so requested complies with the conditions set forth in the proviso to the preceding
sentence. Within the foregoing limits, and subject to the terms and conditions hereof, the
Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the
Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of
Credit that have expired or that have been drawn upon and reimbursed. All Existing Letters
of Credit shall be deemed to have been issued pursuant hereto, and from and after the
Closing Date shall be subject to and governed by the terms and conditions hereof.

     (ii) No L/C Issuer shall issue any Letter of Credit, if the expiry date of such
requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless
all the Lenders have approved such expiry date.

     (iii) No L/C Issuer shall be under any obligation to issue any Letter of Credit if:

     (A) any order, judgment or decree of any Governmental Authority or arbitrator
shall by its terms purport to enjoin or restrain the applicable L/C Issuer from
issuing such Letter of Credit, or any Law applicable to the applicable L/C Issuer or
any request or directive (whether or not having the force of law) from any
Governmental Authority with jurisdiction over the applicable L/C Issuer shall
prohibit, or request that the applicable L/C Issuer refrain from, the issuance of
letters of credit generally or such Letter of Credit in particular or shall impose
upon the applicable L/C Issuer with respect to such Letter of Credit any
restriction, reserve or capital requirement (for which the applicable L/C Issuer is
not otherwise compensated hereunder) not in effect on the Closing Date, or
shall impose upon the applicable L/C Issuer any unreimbursed loss, cost or expense
which was not applicable on the Closing Date and which the applicable L/C Issuer in
good faith deems material to it;

     (B) the issuance of such Letter of Credit would violate one or more policies of
the applicable L/C Issuer; or

     (C) except as otherwise agreed by the Administrative Agent and the applicable
L/C Issuer, such Letter of Credit is to be denominated in a currency other than
Dollars or an Alternative Currency.

     (D) a default of any Lender’s obligations to fund under Section 2.03(c)
exists or any Lender is at such time a Defaulting Lender hereunder, provided
that the events described in this clause (D) shall not relieve the L/C Issuer from
its obligations to issue any Letter of Credit if (1) the provisions of Section
2.16(d) are available to be utilized by the L/C Issuer on the date of issuance
of the Letter of Credit to reallocate the Applicable Percentages of the
non-Defaulting Lenders so as to eliminate the L/C Issuer’s risk with respect to such
Defaulting Lender by reducing such Defaulting Lender’s Applicable Percentage with
respect to such Letter of Credit to zero or (2) if the provisions of Section
2.16(d) are not available

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for use as described in clause (1), the L/C Issuer has
entered into satisfactory arrangements with the Borrower (such as through the
delivery of Cash Collateral) or such Defaulting Lender to eliminate the L/C Issuer’s
risk with respect to such Defaulting Lender, including as described in Section
2.15.

     (iv) No L/C Issuer shall be under any obligation to amend any Letter of Credit if (A)
the applicable L/C Issuer would have no obligation at such time to issue such Letter of
Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of
Credit does not accept the proposed amendment to such Letter of Credit.

     (v) Each L/C Issuer shall act on behalf of the Lenders with respect to any Letters of
Credit issued by it and the documents associated therewith, and each L/C Issuer shall have
all of the benefits and immunities (A) provided to the Administrative Agent in Article
X with respect to any acts taken or omissions suffered by such L/C Issuer in connection
with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents
pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used
in Article X included such L/C Issuer with respect to such acts or omissions, and
(B) as additionally provided herein with respect to such L/C Issuer.

     (b) Procedures for Issuance and Amendment of Letters of Credit; Auto Extension Letters of
Credit.

     (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the
request of the Borrower delivered to the applicable L/C Issuer (with a copy to the
Administrative Agent) in the form of a Letter of Credit Application, appropriately
completed and signed by a Responsible Officer of the Borrower. Such Letter of Credit
Application must be received by the applicable L/C Issuer and the Administrative Agent not
later than 11:00 a.m. at least two Business Days or, in the case of Letters of Credit
denominated in an Alternative Currency, three Business Days (or such later date and time as
the Administrative Agent and the applicable L/C Issuer may agree in a particular instance in
their sole discretion) prior to the proposed issuance date or date of amendment, as the case
may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter
of Credit Application shall specify in form and detail reasonably satisfactory to the
applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit
(which shall be a Business Day); (B) the amount and requested currency thereof and in the
absence of specification of currency shall be deemed a request for a Letter of Credit
denominated in Dollars; (C) the expiry date thereof; (D) the name and address of the
beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any
drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary
in case of any drawing thereunder; and (G) such other matters as the applicable L/C Issuer
may reasonably require. In the case of a request for an amendment of any outstanding Letter
of Credit, such Letter of Credit Application shall specify in form and detail reasonably
satisfactory to the applicable L/C Issuer (A) the Letter of Credit to be amended; (B) the
proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the
proposed amendment; and (D) such other matters as the applicable L/C Issuer may reasonably
require. Additionally, the Borrower shall

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furnish to the applicable L/C Issuer and the
Administrative Agent such other documents and information pertaining to such requested
Letter of Credit issuance or amendment, including any Issuer Documents, as the applicable
L/C Issuer or the Administrative Agent may reasonably require.

     (ii) Promptly after receipt of any Letter of Credit Application, the applicable L/C
Issuer will confirm with the Administrative Agent (by telephone or in writing) that the
Administrative Agent has received a copy of such Letter of Credit Application from the
Borrower and, if not, the applicable L/C Issuer will provide the Administrative Agent with a
copy thereof and inform the Administrative Agent whether such Letter of Credit Application
is for a Financial Letter of Credit, a Performance Letter of Credit or a commercial Letter
of Credit. Unless the applicable L/C Issuer has received written notice from any Lender,
the Administrative Agent or any Loan Party, at least one Business Day prior to the requested
date of issuance or amendment of the applicable Letter of Credit, that one or more
applicable conditions contained in Section 5.02 shall not then be satisfied, then,
subject to the terms and conditions hereof, the applicable L/C Issuer shall, on the
requested date, issue a Letter of Credit for the account of the Borrower or enter into the
applicable amendment, as the case may be, in each case in accordance with the applicable L/C
Issuer’s usual and customary business practices. Immediately upon the issuance of each
Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally
agrees to, purchase from the applicable L/C Issuer a risk participation in such Letter of
Credit in an amount equal to the product of such Lender’s Applicable Percentage
times the amount of such Letter of Credit.

     (iii) If the Borrower so requests in any applicable Letter of Credit Application, the
applicable L/C Issuer may, in its sole and absolute discretion, agree to issue a Letter
of Credit that has automatic extension provisions (each, an “Auto Extension Letter
of Credit”); provided that any such Auto Extension Letter of Credit must permit
the applicable L/C Issuer to prevent any such extension at least once in each twelve month
period (commencing with the date of issuance of such Letter of Credit) by giving prior
notice to the beneficiary thereof not later than a day (the “Non Extension Notice
Date”) in each such twelve month period to be agreed upon at the time such Letter of
Credit is issued. Unless otherwise directed by the applicable L/C Issuer, the Borrower
shall not be required to make a specific request to the applicable L/C Issuer for any such
extension. Once an Auto Extension Letter of Credit has been issued, the Lenders shall be
deemed to have authorized (but may not require) the applicable L/C Issuer to permit the
extension of such Letter of Credit at any time to an expiry date not later than the Letter
of Credit Expiration Date; provided, however, that the applicable L/C Issuer
shall not permit any such extension if (A) the applicable L/C Issuer has determined that it
would not be permitted, or would have no obligation, at such time to issue such Letter of
Credit in its revised form (as extended) under the terms hereof (by reason of the provisions
of clause (ii) or (iii) of Section 2.03(a) or otherwise), or (B) it has received
notice (which may be by telephone or in writing) on or before the day that is seven Business
Days before the Non Extension Notice Date from the Administrative Agent, any Lender or the
Borrower that one or more of the applicable conditions specified in Section 5.02 is
not then satisfied, and in each such case directing the applicable L/C Issuer not to permit
such extension.

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     (iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter
of Credit to an advising bank with respect thereto or to the beneficiary thereof, the
applicable L/C Issuer will also deliver to the Borrower and the Administrative Agent a true
and complete copy of such Letter of Credit or amendment. Each L/C Issuer shall provide the
Administrative Agent with a written update on a monthly basis of the outstanding Letters of
Credit for which it is the L/C Issuer, and the Administrative Agent shall promptly send a
copy of each such update to the Borrower upon its receipt.

     (c) Drawings and Reimbursements; Funding of Participations.

     (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a
drawing under such Letter of Credit, the applicable L/C Issuer shall notify the Borrower and
the Administrative Agent thereof, including, in the case of a Letter of Credit denominated
in an Alternative Currency, both the Alternative Currency amount of such drawing and the
estimated Dollar Equivalent thereof. In the case of a Letter of Credit denominated in an
Alternative Currency, the Borrower shall reimburse the applicable L/C Issuer through the
Administrative Agent in Dollars in the Dollar Equivalent of the amount of the applicable
drawing in such Alternative Currency as so notified by the applicable L/C Issuer;
provided, that, with respect to any reimbursement obligations of the Borrower
arising from the presentment to the applicable L/C Issuer of a draft under a Letter of
Credit denominated in an Alternative Currency, the Borrower may make payment in the
applicable Alternative Currency if such payment is received by the applicable L/C Issuer on
the date such draft is paid by the applicable L/C Issuer. Not later than 3:00 p.m. on the
date of any payment by the applicable L/C Issuer under a Letter of Credit if the applicable
L/C Issuer delivers notice of such payment by 11:00
a.m. on such day (or, if notice of such payment by the applicable L/C Issuer is
delivered after 11:00 a.m., not later than 10:00 a.m. the next succeeding Business Day)
(each such date, an “Honor Date”), the Borrower shall reimburse the applicable L/C
Issuer in an amount equal to the amount of such drawing. If the Borrower fails to so
reimburse the L/C Issuer by the time set forth in the preceding sentence, the amount of the
unreimbursed drawing shall become the unreimbursed amount (the “Unreimbursed
Amount”). The Administrative Agent shall promptly notify each Lender of the Honor Date,
the Unreimbursed Amount, and the amount of such Lender’s Applicable Percentage thereof. Any
notice given by the applicable L/C Issuer or the Administrative Agent pursuant to this
Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing;
provided that the lack of such an immediate confirmation shall not affect the
conclusiveness or binding effect of such notice.

     (ii) Each Lender with a Revolving Commitment shall upon any notice pursuant to
Section 2.03(c)(i) make funds available to the Administrative Agent for the account
of the applicable L/C Issuer, in Dollars, at the Administrative Agent’s Office in an amount
equal to its Applicable Percentage of the Unreimbursed Amount not later than 1:00 p.m. on
the Business Day specified in such notice by the Administrative Agent. The Administrative
Agent shall remit the funds so received to the applicable L/C Issuer in Dollars.

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     (iii) Any Unreimbursed Amount shall be due and payable on demand and shall bear
interest at (A) the rate applicable to Base Rate Loans from the Honor Date to the date of
reimbursement is required pursuant to Section 2.03(c)(i) and (B) thereafter, the
Default Rate. Each Lender’s payment to the Administrative Agent for the account of the
applicable L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in
respect of its participation in such Unreimbursed Amount and shall constitute an L/C Advance
from such Lender in satisfaction of its participation obligation under this Section
2.03.

     (iv) Until each Lender funds its L/C Advance pursuant to this Section 2.03(c)
to reimburse the applicable L/C Issuer for any amount drawn under any Letter of Credit,
interest in respect of such Lender’s Applicable Percentage of such amount shall be solely
for the account of the applicable L/C Issuer.

     (v) Each Lender’s obligation to make L/C Advances to reimburse the applicable L/C
Issuer for amounts drawn under Letters of Credit, as contemplated by this Section
2.03(c), shall be absolute and unconditional and shall not be affected by any
circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right
which such Lender may have against the applicable L/C Issuer, the Borrower, any Subsidiary
or any other Person for any reason whatsoever; (B) the occurrence or continuance of a
Default, or (C) any other occurrence, event or condition, whether or not similar to any of
the foregoing. No such making of an L/C Advance shall relieve or otherwise impair the
obligation of the Borrower to reimburse the applicable L/C Issuer for the amount of any
payment made by the applicable L/C Issuer under any Letter of Credit, together with interest
as provided herein.

     (vi) If any Lender fails to make available to the Administrative Agent for the account
of the applicable L/C Issuer any amount required to be paid by such Lender pursuant to the
foregoing provisions of this Section 2.03(c) by the time specified in Section
2.03(c)(ii), the applicable L/C Issuer shall be entitled to recover from such Lender
(acting through the Administrative Agent), on demand, such amount with interest thereon for
the period from the date such payment is required to the date on which such payment is
immediately available to the applicable L/C Issuer at a rate per annum equal to the
applicable Overnight Rate from time to time in effect. A certificate of the applicable L/C
Issuer submitted to any Lender (through the Administrative Agent) with respect to any
amounts owing under this clause (vi) shall be conclusive absent manifest error.

     (d) Repayment of Participations.

     (i) At any time after the applicable L/C Issuer has made a payment under any Letter of
Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment
in accordance with Section 2.03(c), if the Administrative Agent receives for the
account of the applicable L/C Issuer any payment in respect of the related Unreimbursed
Amount or interest thereon (whether directly from the Borrower or otherwise, including
proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative
Agent will distribute to such Lender its Applicable Percentage thereof (appropriately
adjusted, in the case of interest payments, to reflect the period of

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time during which such
Lender’s L/C Advance was outstanding) in the same funds as those received by the
Administrative Agent.

     (ii) If any payment received by the applicable L/C Issuer pursuant to Section
2.03(c)(i) is required to be returned under any of the circumstances described in
Section 11.05 (including pursuant to any settlement entered into by the applicable
L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the
account of the applicable L/C Issuer its Applicable Percentage thereof on demand of the
Administrative Agent (on behalf of the applicable L/C Issuer), plus interest thereon from
the date of such demand to the date such amount is returned by such Lender, at a rate per
annum equal to the Federal Funds Rate from time to time in effect. The obligations of the
Lenders under this clause shall survive the payment in full of the Obligations and the
termination of this Agreement.

     (e) Obligations Absolute.

     (i) The obligation of the Borrower to reimburse the applicable L/C Issuer for each
drawing under each Letter of Credit and to repay each Unreimbursed Amount shall be absolute
and unconditional under any and all circumstances and irrespective of any set off,
counterclaim or defense to payment which the Borrower may have or have had against the
applicable L/C Issuer, any Lender or any beneficiary of a Letter of Credit.

     (ii) The Borrower also agrees with the L/C Issuers that the L/C Issuers, the
Administrative Agent and their respective Related Parties shall not be responsible for, and
the Borrower’s obligation to reimburse the applicable L/C Issuer for each drawing
under each Letter of Credit and to repay each Unreimbursed Amount shall not be affected
by, among other things, (i) the validity or genuineness of documents or of any endorsements
thereon (or any other instrument transferring or assigning such Letter of Credit), even
though such documents shall in fact prove to be invalid, fraudulent or forged (unless the
applicable L/C Issuer has actual knowledge of such invalidity, fraud or forgery), (ii) any
dispute between or among the Borrower and any beneficiary of any Letter of Credit or any
other party to which such Letter of Credit may be transferred, or (iii) any claims
whatsoever of the Borrower against any beneficiary of such Letter of Credit or any such
transferee.

     (iii) Neither the applicable L/C Issuer, nor any Lender, nor, the Administrative Agent
and their respective Related Parties shall be liable for any error, omission, interruption
or delay in transmission, dispatch or delivery of any message or advice, however
transmitted, in connection with any Letter of Credit, except for errors or omissions caused
by the applicable L/C Issuer’s gross negligence or willful misconduct.

     (iv) The Borrower agrees that any action taken or omitted by the applicable L/C Issuer
under or in connection with any Letter of Credit or the related drafts or documents, if done
in the absence of gross negligence or willful misconduct and in accordance with the
standards of care specified in the Uniform Commercial Code of the State of New York, shall
be binding on the Borrower and shall not result in any liability

35

 

of the applicable L/C
Issuer, the Administrative Agent, any Lender or any of their respective Related Parties to
the Borrower.

     (v) If any draft shall be presented for payment under any Letter of Credit, the
responsibility of the applicable L/C Issuer to the Borrower in connection with such draft
shall, in addition to any payment obligation expressly provided for in such Letter of
Credit, be limited to determining that the documents (including each draft) delivered under
such Letter of Credit in connection with such presentment appear on their face to be in
conformity with such Letter of Credit.

     The Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto
that is delivered to it and, in the event of any claim of noncompliance with the Borrower’s
instructions or other irregularity, the Borrower will promptly notify the applicable L/C Issuer.
The Borrower shall be conclusively deemed to have waived any such claim against the applicable L/C
Issuer and its correspondents unless such notice is given as aforesaid.

     (f) Role of L/C Issuer. Each Lender and the Borrower agree that, in paying any
drawing under a Letter of Credit, the applicable L/C Issuer shall not have any responsibility to
obtain any document (other than any sight draft, certificates and documents expressly required by
the Letter of Credit) or ascertain or inquire as to the authority of the Person executing or
delivering any such document. None of the applicable L/C Issuer, the Administrative Agent, any of
their respective Related Parties nor any correspondent, participant or assignee of the applicable
L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith
at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any
action taken or omitted in the absence of gross negligence or willful
misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any
document or instrument related to any Letter of Credit or Issuer Document. The Borrower hereby
assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use
of any Letter of Credit; provided, however, that this assumption is not intended
to, and shall not, preclude the Borrower’s pursuing such rights and remedies as it may have against
the beneficiary or transferee at law or under any other agreement. Notwithstanding anything in
clauses (i) through (v) of Section 2.03(e) to the contrary, the Borrower may have a claim against
the applicable L/C Issuer, and the applicable L/C Issuer may be liable to the Borrower, to the
extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages
suffered by the Borrower which were caused by the applicable L/C Issuer’s willful misconduct or
gross negligence or the applicable L/C Issuer’s willful failure to pay under any Letter of Credit
after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly
complying with the terms and conditions of a Letter of Credit.

     (g) [Intentionally Omitted].

     (h) Applicability of ISP or UCP. Unless otherwise expressly agreed by the applicable
L/C Issuer and the Borrower when a standby Letter of Credit is issued (including any such agreement
applicable to an Existing Letter of Credit), the rules of the ISP shall apply to such Letter of
Credit, and when a commercial Letter of Credit is issued, the rules of the UCP shall apply to such
commercial Letter of Credit.

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     (i) Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the
account of each Lender in accordance with its Applicable Percentage a Letter of Credit fee (the
“Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the
daily amount available to be drawn under such Letter of Credit. For purposes of computing the
daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit
shall be determined in accordance with Section 1.08. Letter of Credit Fees shall be (i)
computed on a quarterly basis in arrears and (ii) due and payable on the last Business Day of each
March, June, September and December, commencing with the first such date to occur after the
issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on
demand. If there is any change in the Applicable Rate during any quarter, the daily amount
available to be drawn under each Letter of Credit shall be computed and multiplied by the
Applicable Rate separately for each period during such quarter that such Applicable Rate was in
effect.

     (j) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The
Borrower shall pay directly to each L/C Issuer for its own account, in Dollars, a fronting fee with
respect to each Letter of Credit issued by such L/C Issuer, at a rate per annum, in the case of
Bank of America, in its capacity as L/C Issuer, specified in the Fee Letter and in the case of any
other L/C Issuer, as may be agreed upon between the Borrower and such L/C Issuer, computed on the
daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears.
Such fronting fee shall be due and payable on the last Business Day of each March, June, September
and December in respect of the most recently ended quarterly period (or portion thereof, in the
case of the first payment), commencing with the first such date to occur after the issuance of such
Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes
of computing the daily amount available to be drawn under any Letter of Credit, the amount of such
Letter of Credit shall be determined in accordance with Section 1.08.
In addition, the Borrower shall pay directly to each L/C Issuer for its own account the
customary issuance, presentation, amendment and other processing fees, and other standard costs and
charges, of such L/C Issuer relating to letters of credit as from time to time in effect. Such
customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

     (k) Conflict with Issuer Documents. In the event of any conflict between the terms
hereof and the terms of any Issuer Document, the terms hereof shall control.

     (l) Determination of Exchange Rate. On each Revaluation Date with respect to each
outstanding Letter of Credit denominated in an Alternative Currency, the applicable L/C Issuer
shall determine the Spot Rate as of such Revaluation Date with respect to the applicable
Alternative Currency and shall promptly notify the Administrative Agent and the Borrower thereof
and of the Dollar Equivalent of all Letters of Credit denominated in such Alternative Currency
outstanding on such Revaluation Date. The Spot Rate so determined shall become effective on such
Revaluation Date and shall remain effective until the next succeeding Revaluation Date.

     (m) Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of
Credit issued or outstanding hereunder is in support of any obligations of, or is for the account
of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and
all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of

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Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that
the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

2.04 Swing Line Loans.

     (a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing
Line Lender agrees, in reliance upon the agreements of the other Lenders set forth in this
Section 2.04, to make loans (each such loan, a “Swing Line Loan”) to the Borrower
from time to time on any Business Day during the Availability Period in an aggregate amount not to
exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that
such Swing Line Loans, when aggregated with the Applicable Percentage of the Outstanding Amount of
Revolving Loans and L/C Obligations of the Lender acting as Swing Line Lender, may exceed the
amount of such Lender’s Commitment; provided, however, that after giving effect to
any Swing Line Loan, (i) the Total Outstandings shall not exceed the Aggregate Revolving
Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Loans of any Lender, plus
such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such
Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed
such Lender’s Revolving Commitment, and provided, further, that the Borrower shall
not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan. Within
the foregoing limits, and subject to the other terms and conditions hereof, the Borrower may borrow
under this Section 2.04, prepay under Section 2.05, and reborrow under this
Section 2.04. Each Swing Line Loan shall be a Base Rate Loan. Immediately upon the making
of a Swing Line Loan, each Lender shall be deemed to, and
hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk
participation in such Swing Line Loan in an amount equal to the product of such Lender’s Applicable
Percentage times the amount of such Swing Line Loan. Notwithstanding anything contained herein to
the contrary, so long as any Lender is a Defaulting Lender, the Swing Line Lender shall not be
required to fund any Swing Line Loan, provided that the Swing Line Lender will not be
relieved of its obligations to fund any Swing Line Loan if (i) the provisions of Section
2.16(d) are available to be utilized by the Swing Line Lender on the date the Swing Line Loan
is funded to reallocate the Applicable Percentages of the non-Defaulting Lenders so as to eliminate
the Swing Line Lender’s risk with respect to such Defaulting Lender by reducing such Defaulting
Lender’s Applicable Percentage with respect to such Swing Line Loan to zero or (ii) if the
provisions of Section 2.16(d) are not available for use as described in clause (i), the
Swing Line Lender is otherwise satisfied that the related exposure will be covered by the
Commitments of the non-Defaulting Lenders or has entered into satisfactory arrangements with the
Borrower (such as through the delivery of Cash Collateral) or such Defaulting Lender to otherwise
eliminate the Swing Line Lender’s risk with respect to such Defaulting Lender.

     (b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Borrower’s
irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by
telephone. Each such notice must be received by the Swing Line Lender and the Administrative Agent
not later than 3:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be
borrowed, which shall be a minimum of $500,000, and (ii) the requested borrowing date, which shall
be a Business Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing
Line Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately
completed and signed by a Responsible Officer

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of the Borrower. Promptly after receipt by the Swing
Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the
Administrative Agent (by telephone or in writing) that the Administrative Agent has also received
such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent
(by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received
notice (by telephone or in writing) from the Administrative Agent (including at the request of any
Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing
Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the
proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable
conditions specified in Section 5.02 is not then satisfied, then, subject to the terms and
conditions hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing date
specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the
Borrower.

     (c) Participations in Swing Line Loans.

     (i) The Swing Line Lender at any time in its sole and absolute discretion may request
in writing that each Lender with a Revolving Commitment fund its risk participation in any
Swing Line Loan. Upon receipt of such request, each Lender shall make an amount equal to
its Applicable Percentage of the amount of the applicable Swing Line Loan specified in such
written request available to the Administrative Agent in immediately available funds for the
account of the Swing Line Lender at the Administrative Agent’s Office not later than 1:00
p.m. on the day specified in such
request. The Administrative Agent shall remit the funds so received to the Swing Line
Lender.

     (ii) If any Lender fails to make available to the Administrative Agent for the account
of the Swing Line Lender any amount required to be paid by such Lender pursuant to the
foregoing provisions of this Section 2.04(c) by the time specified in Section
2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Lender (acting
through the Administrative Agent), on demand, such amount with interest thereon for the
period from the date such payment is required to the date on which such payment is
immediately available to the Swing Line Lender at a rate per annum equal to the greater of
the Federal Funds Rate and a rate determined by the Swing Line Lender in accordance with
banking industry rules on interbank compensation. A certificate of the Swing Line Lender
submitted to any Lender (through the Administrative Agent) with respect to any amounts owing
under this clause (ii) shall be conclusive absent manifest error.

     (iii) Each Lender’s obligation to purchase and fund risk participations in Swing Line
Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall
not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment,
defense or other right which such Lender may have against the Swing Line Lender, the
Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of
a Default, or (C) any other occurrence, event or condition, whether or not similar to any of
the foregoing. No such funding of risk participations shall relieve or otherwise impair the
obligation of the Borrower to repay Swing Line Loans, together with interest as provided
herein.

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     (d) Repayment of Participations.

     (i) At any time after any Lender has purchased and funded a risk participation in a
Swing Line Loan, if the Swing Line Lender receives any payment on account of such Swing Line
Loan, the Swing Line Lender will distribute to such Lender its Applicable Percentage of such
payment (appropriately adjusted, in the case of interest payments, to reflect the period of
time during which such Lender’s risk participation was funded) in the same funds as those
received by the Swing Line Lender.

     (ii) If any payment received by the Swing Line Lender in respect of principal or
interest on any Swing Line Loan is required to be returned by the Swing Line Lender under
any of the circumstances described in Section 11.05 (including pursuant to any
settlement entered into by the Swing Line Lender in its discretion), each Lender shall pay
to the Swing Line Lender its Applicable Percentage thereof on demand of the Administrative
Agent, plus interest thereon from the date of such demand to the date such amount is
returned, at a rate per annum equal to the Federal Funds Rate. The Administrative Agent
will make such demand upon the request of the Swing Line Lender. The obligations of the
Lenders under this clause shall survive the payment in full of the Obligations and the
termination of this Agreement.

     (e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be
responsible for invoicing the Borrower for interest on the Swing Line Loans. Until each Lender
funds its risk participation pursuant to this Section 2.04 to pay such Lender’s Applicable
Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be
solely for the account of the Swing Line Lender.

     (f) Payments Directly to Swing Line Lender. The Borrower shall make all payments of
principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender.

2.05 Prepayments.

     (a) The Borrower may, upon notice to the Administrative Agent, at any time or from time to
time voluntarily prepay Revolving Loans in whole or in part without premium or penalty, except as
set forth in Section 3.05; provided that (i) such notice must be received by the
Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of
prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Revolving Loans;
and (ii) any prepayment shall be in a principal amount of $2,000,000 or a whole multiple of
$100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then
outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s)
of Revolving Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its
receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such
prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and
the payment amount specified in such notice shall be due and payable on the date specified therein.
Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the
amount prepaid, together with any additional amounts required pursuant to Section 3.05.
Each such prepayment shall be applied to the Revolving Loans of the Lenders in accordance with
their respective Applicable Percentages.

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     (b) The Borrower may, upon notice to the Swing Line Lender (with a copy to the Administrative
Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part
without premium or penalty; provided that (i) such notice must be received by the Swing
Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment,
and (ii) any such prepayment shall be in a minimum principal amount of $100,000. Each such notice
shall specify the date and amount of such prepayment. If such notice is given by the Borrower, the
Borrower shall make such prepayment and the payment amount specified in such notice shall be due
and payable on the date specified therein.

     (c) If for any reason the Total Outstandings at any time exceed the Aggregate Revolving
Commitments then in effect, the Borrower shall immediately prepay Revolving Loans and/or Cash
Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided,
however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations
pursuant to this Section 2.05(c) unless after the prepayment in full of the Revolving Loans
the Total Outstandings exceed the Aggregate Revolving Commitments then in effect. If for any
reason the Outstanding Amount of all Swing Line Loans exceed the Swing Line
Sublimit, the Borrower shall immediately prepay the Swing Line Loans in an aggregate amount
equal to such excess.

2.06 Termination or Reduction of Commitments.

     The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Revolving
Commitments, or from time to time permanently reduce the Aggregate Revolving Commitments;
provided that (i) any such notice shall be received by the Administrative Agent not later
than 11:00 a.m. three Business Days prior to the date of termination or reduction, (ii) any such
partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $100,000
in excess thereof, (iii) the Borrower shall not terminate or reduce the Aggregate Revolving
Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total
Outstandings would exceed the Aggregate Revolving Commitments, and (iv) if, after giving effect to
any reduction of the Aggregate Revolving Commitments, the Swing Line Sublimit exceeds the amount of
the Aggregate Revolving Commitments, such Swing Line Sublimit shall be automatically reduced by the
amount of such excess. The Administrative Agent will promptly notify the Lenders of any such
notice of termination or reduction of the Aggregate Revolving Commitments. Any reduction of the
Aggregate Revolving Commitments shall be applied to the Revolving Commitment of each Lender
according to its Applicable Percentage. All fees accrued until the effective date of any
termination of the Aggregate Revolving Commitments shall be paid on the effective date of such
termination.

2.07 Repayment of Loans.

     (a) The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal
amount of Revolving Loans outstanding on such date.

     (b) The Borrower shall repay each Swing Line Loan on the earlier to occur of (i) the date
within one Business Day of demand therefor by the Swing Line Lender and (ii) the Maturity Date.

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2.08 Interest.

     (a) Subject to the provisions of subsection (b) below, (i) each Eurodollar Rate Loan shall
bear interest on the outstanding principal amount thereof for each Interest Period at a rate per
annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Rate; (ii) each
Base Rate Revolving Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate; and
(iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate.

(b) (i) If any amount of principal of any Loan is not paid when due (without regard to any
applicable grace periods), whether at stated maturity, by acceleration or otherwise, such
amount shall thereafter bear interest at a fluctuating interest rate per annum at all times
equal to the Default Rate to the fullest extent permitted by applicable Laws.

     (ii) If any amount (other than principal of any Loan) payable by the Borrower under any
Loan Document is not paid when due (without regard to any applicable grace periods), whether
at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest
at a fluctuating interest rate per annum at all times equal to the Default Rate to the
fullest extent permitted by applicable Laws.

     (iii) Accrued and unpaid interest on past due amounts (including interest on past due
interest) shall be due and payable upon demand.

     (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date
applicable thereto and at such other times as may be specified herein. Interest hereunder shall be
due and payable in accordance with the terms hereof before and after judgment, and before and after
the commencement of any proceeding under any Debtor Relief Law.

2.09 Fees.

     In addition to certain fees described in subsections (i) and (j) of Section 2.03:

     (a) Commitment Fee. The Borrower shall pay to the Administrative Agent for the
account of each Lender in accordance with its Applicable Percentage, a commitment fee equal to the
Applicable Rate times the actual daily amount by which the Aggregate Revolving Commitments exceed
the sum of (i) the Outstanding Amount of Revolving Loans and (ii) the Outstanding Amount of L/C
Obligations. The commitment fee shall accrue at all times during the Availability Period,
including at any time during which one or more of the conditions in Section 5.02 is not
met, and shall be due and payable quarterly in arrears on the last Business Day of each March,
June, September and December, commencing with the first such date to occur after the Closing Date,
and on the Maturity Date. The commitment fee shall be calculated quarterly in arrears, and if
there is any change in the Applicable Rate during any quarter, the actual daily amount shall be
computed and multiplied by the Applicable Rate separately for each period during such quarter that
such Applicable Rate was in effect.

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     (b) Other Fees. The Borrower shall pay to Banc of America Securities LLC and the
Administrative Agent for their own respective accounts fees in the amounts and at the times
specified in the Fee Letter. Such fees shall be fully earned when paid and shall not be refundable
for any reason whatsoever.

2.10 Computation of Interest and Fees.

     All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of
America’s “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be,
and actual days elapsed. All other computations of fees and interest shall be made on the basis of
a 360 day year and actual days elapsed (which results in more fees or interest, as applicable,
being paid than if computed on the basis of a 365 day year). Interest shall accrue on each Loan
for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for
the day on which the Loan or such portion is paid, provided that any Loan that is repaid on
the same day on which it is made shall, subject to Section 2.12(a), bear interest for one
day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be
conclusive and binding for all purposes, absent manifest error.

2.11 Evidence of Debt.

     (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or
records maintained by such Lender and by the Administrative Agent in the ordinary course of
business. The accounts or records maintained by the Administrative Agent and each Lender shall be
conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the
Borrower and the interest and payments thereon. Any failure to so record or any error in doing so
shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any
amount owing with respect to the Obligations. In the event of any conflict between the accounts
and records maintained by any Lender and the accounts and records of the Administrative Agent in
respect of such matters, the accounts and records of the Administrative Agent shall control in the
absence of manifest error. Upon the request of any Lender made through the Administrative Agent,
the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Note,
which shall evidence such Lender’s Loans in addition to such accounts or records. Each such Note
shall (i) in the case of Revolving Loans, be in the form of Exhibit C (a “Revolving
Note”), and (ii) in the case of Swing Line Loans, be in the form of Exhibit D (a
“Swing Line Note”). Each Lender may attach schedules to its Note and endorse thereon the
date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto.

     (b) In addition to the accounts and records referred to in subsection (a), each Lender and the
Administrative Agent shall maintain in accordance with its usual practice accounts or records
evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing
Line Loans. In the event of any conflict between the accounts and records maintained by the
Administrative Agent and the accounts and records of any Lender in respect of such matters, the
accounts and records of the Administrative Agent shall control in the absence of manifest error.

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2.12 Payments Generally; Administrative Agent’s Clawback.

     (a) General. All payments to be made by the Borrower shall be made without deduction
for any counterclaim or setoff. Except as otherwise expressly provided herein, all payments by the
Borrower hereunder shall be made to the Administrative Agent, for the account of the respective
Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in
immediately available funds not later than 2:00 p.m. on the date specified herein;
provided, that with respect to any reimbursement obligations of the Borrower arising from
the presentment to the applicable L/C Issuer of a draft under a Letter of Credit denominated in an
Alternative Currency, the Borrower may make payment in the applicable Alternative Currency if such
payment is received by the applicable L/C Issuer on the date such draft is paid by the applicable
L/C Issuer. The Administrative Agent will promptly distribute to each Lender its Applicable
Percentage of such payment in like funds as received by wire transfer to such Lender’s Lending
Office. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed received
on the next succeeding Business Day and any applicable interest or fee shall continue to accrue.
If any payment to be made by the Borrower shall come due on a day other than a Business Day,
payment shall be made on the next following Business Day, and such extension of time shall be
reflected in computing interest or fees, as the case may be.

(b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless the
Administrative Agent shall have received notice from a Lender prior to the proposed date of
any Revolving Borrowing of Eurodollar Rate Loans (or, in the case of any Revolving Borrowing
of Base Rate Loans, prior to 12:00 noon on the date of such Revolving Borrowing) that such
Lender will not make available to the Administrative Agent such Lender’s share of such
Revolving Borrowing, the Administrative Agent may assume that such Lender has made such
share available on such date in accordance with Section 2.02 (or, in the case of a
Revolving Borrowing of Base Rate Loans, that such Lender has made such share available in
accordance with and at the time required by Section 2.02) 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 Revolving Borrowing available to the
Administrative Agent, then the applicable Lender agrees to pay to the Administrative Agent
forthwith on demand such corresponding amount in immediately available funds 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 the greater of
the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation. If such Lender’s share of the applicable
Revolving Borrowing is not made available to the Administrative Agent by such Lender within
three Business Days of the date such amount is made available to the Borrower, the
Administrative Agent shall also be entitled to recover such amount with interest thereon at
the rate per annum applicable to Base Rate Loans hereunder, on demand, from the Borrower.
If the Borrower and such Lender shall pay such interest to the Administrative Agent for the
same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower
the amount of such interest paid by the Borrower for such period. If such Lender pays its
share of the applicable Revolving Borrowing to the Administrative Agent, then the amount so
paid shall constitute such Lender’s Revolving Loan included in such Revolving Borrowing.
Any payment by the Borrower shall be

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without prejudice to any claim the Borrower may have against a Lender that shall have
failed to make such payment to the Administrative Agent.

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

     A notice of the Administrative Agent to any Lender or the Borrower with respect to any
amount owing under this subsection (b) shall be conclusive, absent manifest error.

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

     (d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make
Revolving Loans, to fund participations in Letters of Credit and Swing Line Loans and to make
payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender
to make any Revolving Loan, to fund any such participation or to make any payment under Section
11.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding
obligation to do so on such date, and no Lender shall be responsible for the failure of any other
Lender to so make its Revolving Loan, to purchase its participation or to make its payment under
Section 11.04(c).

     (e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain
the funds for any Loan in any particular place or manner or to constitute a representation by any
Lender that it has obtained or will obtain the funds for any Loan in any particular place or
manner.

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2.13 Sharing of Payments by Lenders.

     If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain
payment in respect of any principal of or interest on any of the Revolving Loans made by it, or the
participations in L/C Obligations or in Swing Line Loans held by it resulting in such Lender’s
receiving payment of a proportion of the aggregate amount of such Revolving Loans or participations
and accrued interest thereon greater than its pro rata share thereof as provided herein, then the
Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact,
and (b) purchase (for cash at face value) participations in the Revolving Loans and
subparticipations in L/C Obligations and Swing Line Loans of the other Lenders, or make such other
adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the
Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on
their respective Revolving Loans and other amounts owing them, provided that:

     (i) if any such participations or subparticipations are purchased and all or any
portion of the payment giving rise thereto is recovered, such participations or
subparticipations shall be rescinded and the purchase price restored to the extent of such
recovery, without interest; and

     (ii) the provisions of this Section shall not be construed to apply to (x) any payment
made by the Borrower pursuant to and in accordance with the express terms of this Agreement
or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a
participation in any of its Revolving Loans or subparticipations in L/C Obligations or Swing
Line Loans to any assignee or participant, other than to the Borrower or any Subsidiary
thereof (as to which the provisions of this Section shall apply).

     Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so
under applicable law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against such Loan Party rights of setoff and counterclaim with respect to
such participation as fully as if such Lender were a direct creditor of such Loan Party in the
amount of such participation.

2.14 [Intentionally Omitted].

2.15 Cash Collateral and Other Credit Support.

     (a) Certain Credit Support Events; Grant of Security Interest.

     (i) Upon the request of the Administrative Agent, (A) if the applicable L/C Issuer has
honored any full or partial drawing request under any Letter of Credit and such drawing has
resulted in an Unreimbursed Amount, or (B) if, as of the Letter of Credit Expiration Date,
any L/C Obligation for any reason remains outstanding, the Borrower shall, in each case,
within two Business Days of the occurrence of any event in (A) or (B) above, Cash
Collateralize the then Outstanding Amount of all L/C Obligations.

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     (ii) If the Administrative Agent notifies the Borrower at any time that the Outstanding
Amount of all L/C Obligations at such time exceeds 102% of the Aggregate Revolving
Commitments then in effect, then, within two Business Days after receipt of
such notice, the Borrower shall Cash Collateralize the L/C Obligations in an amount
equal to the amount by which the Outstanding Amount of all L/C Obligations exceeds the
Aggregate Revolving Commitments then in effect.

     (iii) (x) Sections 2.05(c) and 9.02(c) set forth certain additional
requirements to deliver Cash Collateral hereunder, (y) Section 2.03(a)(iii)(D)
contemplates the delivery of Cash Collateral or other credit support in certain
circumstances to support the issuance of Letters of Credit, and (z) Section 2.04
contemplates the delivery of Cash Collateral or other credit support in connection with the
issuance of Swing Line Loans. The Borrower, and to the extent provided by any Lender, such
Lender, hereby grants to the Administrative Agent, for the benefit of the Administrative
Agent, the L/C Issuer and the Lenders (including the Swing Line Lender), a security interest
in all such cash, deposit accounts and all balances therein, and all other property provided
as collateral pursuant to Section 2.03, Section 2.04, Section
2.05(c) and Section 9.02(c), and all proceeds of the foregoing. Cash Collateral
shall be maintained in blocked deposit accounts at Bank of America. For the avoidance of
doubt, to the extent that any other Person may have a superior or equal claim, by virtue of
an intercreditor arrangement, tag-along right or any other term in any other document or
instrument, to share in any Cash Collateral or other credit support provided pursuant to any
of the aforementioned sections of this Agreement, the L/C Issuer, Swing Line Lender or
Administrative Agent, as applicable, may take such provisions into account in determining
whether Cash Collateral or other credit support is satisfactory. For purposes of this
Section 2.15, Section 2.03, Section 2.04, Section 2.05(c),
Section 9.02(c) and Section 9.03, “Cash Collateralize” means to
pledge and deposit with or deliver to the Administrative Agent, for the benefit of the
Administrative Agent, the applicable L/C Issuer and the Lenders (including, the Swing Line
Lender) cash or deposit account balances pursuant to documentation in form and substance
reasonably satisfactory to the Administrative Agent (which documents are hereby consented to
by the Lenders). Derivatives of such term have corresponding meanings.

     (b) Application. Notwithstanding anything to the contrary contained in this Agreement,
(i) Cash Collateral or other credit support (and proceeds thereof) provided by any Defaulting
Lender pursuant to Sections 2.03 or 2.04 to support the obligations of such Lender
in respect of Letters of Credit or Swing Line Loans shall be held and applied, first, to fund the
L/C Advances of such Lender, such Lender’s funding of participations in Swing Line Loans, or such
Lender’s Applicable Percentage of Base Rate Revolving Loans used to repay Unreimbursed Amounts, L/C
Advances or Swing Line Loans with respect to which such collateral or other credit support was
provided, as applicable, and, second, to fund any interest accrued for the benefit of the L/C
Issuer or Swing Line Lender pursuant to Sections 2.03(c)(vi) and 2.04(c)(ii)
allocable to such Lender, and (ii) Cash Collateral and other credit support (and proceeds thereof)
otherwise provided by or on behalf of any Loan Party under Sections 2.03, 2.04,
2.05(c) or 9.02(c) to support L/C Obligations or Swing Line Loans shall be held and
applied, first, to the satisfaction of the specific L/C Obligations, Swing Line Loans or
obligations to fund participations therein of the applicable Defaulting Lender for which the Cash
Collateral or other

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credit support was so provided and, second, if remedies under Section
9.02 shall have been exercised, to the application of such collateral or other
credit support
(or proceeds thereof) to any other Obligations in accordance with Section 9.03.

     (c) Release. Cash Collateral and other credit support provided under Sections
2.03 or 2.04 in connection with any Lender’s status as a Defaulting Lender shall be
released to the Person that provided such collateral or other credit support (except as the L/C
Issuer, Swing Line Lender and the Person providing such collateral or other credit support may
agree otherwise (as applicable)) promptly following the earlier to occur of (A) the termination of
such Lender’s status as a Defaulting Lender or (B) following the L/C Issuer’s or Swing Line
Lender’s (as applicable) good faith determination that there remain outstanding no L/C Obligations
or Swing Line Loans, as applicable, as to which it has actual or potential fronting exposure in
relation to such Lender as to which it desires to maintain Cash Collateral or other credit support;
subject, however, to the additional condition that, as to any such collateral or other credit
support provided by or on behalf of a Loan Party, no Default or Event of Default shall then have
occurred and be continuing

2.16 Defaulting Lenders.

     Notwithstanding anything to the contrary contained in this Agreement to the contrary, if any
Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting
Lender, to the extent permitted by applicable Law:

     (a) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove
any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in
Section 11.01.

     (b) Reallocation of Loan Payments. Any payment or prepayment (i) of any portion of
the principal amount of Loans of such Defaulting Lender (whether voluntary or mandatory, at
maturity, pursuant to Article IX or otherwise) shall be applied, first, to the Loans of other
Lenders as if such Defaulting Lender had no Loans outstanding, until such time as the Outstanding
Amount of Revolving Loans of each Lender shall equal its pro rata share thereof based on its
Applicable Percentage (without giving effect to subsection 2.16(d)) ratably to the Lenders
in accordance with their Applicable Percentages of Loans being repaid or prepaid; second, to the
then outstanding amounts (including interest thereon) owed under the terms hereof by such
Defaulting Lender to the Administrative Agent or (to the extent the Administrative Agent has
received notice thereof) to any other Lender, ratably to the Persons entitled thereto, third, to
the posting of Cash Collateral in respect of its Applicable Percentage of L/C Obligations and Swing
Line Loans, ratably to the L/C Issuer and Swing Line Lender in accordance with their respective
applicable fronting exposures, and fourth, the balance, if any, to such Defaulting Lender or as
otherwise directed by a court of competent jurisdiction, and (ii) of any other amounts thereafter
received by the Administrative Agent for the account of such Defaulting Lender (including amounts
made available to the Administrative Agent by such Defaulting Lender pursuant to Section
11.08) to have been paid to such Defaulting Lender and applied on behalf of such Defaulting
Lender, first, to the liabilities above referred to in item second of clause (i) above, second, to
the matters above referred to in item third of clause (i) above, and third, the balance, if any, to
such Defaulting Lender or as otherwise directed by a court of

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competent jurisdiction. Any of such
amounts as are reallocated pursuant to this subsection 2.16(b)) that are payable or paid
(including pursuant to Section 11.08) to such Defaulting Lender shall be deemed paid to
such Defaulting Lender and applied by the Administrative Agent on behalf of such Defaulting Lender,
and each Lender hereby irrevocably consents thereto.

     (c) Certain Fees. Such Defaulting Lender (i) shall not be entitled to receive any
commitment fee on the unused portion of its commitment pursuant to Section 2.09(a) for any
period during which such Lender is a Defaulting Lender (and the Borrower shall not be required to
pay any such fee that otherwise would have been required to have been paid to such Defaulting
Lender in respect of its unused Commitment) and (ii) shall not be entitled to receive any Letter of
Credit Fees pursuant to Section 2.03(i) for any period during which such Lender is a
Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would
have been required to have been paid to such Defaulting Lender). If any Defaulting Lenders’ L/C
Obligations are neither cash collateralized nor reallocated pursuant to this Section 2.16,
then, without prejudice to any rights or remedies of the L/C Issuer or any Lender hereunder, all
fees payable to such Defaulting Lender under Section 2.03 shall be payable to the L/C
Issuer until such L/C Obligations are cash collateralized or reallocated.

     (d) Reallocation of Applicable Percentages to Reduce Fronting Exposure. During any
period in which there is a Defaulting Lender as to which the L/C Issuer or Swing Line Lender (as
applicable) has not received Cash Collateral or other credit support acceptable to it in respect of
the related participation and funding obligations of such Defaulting Lender, then upon the request
of the L/C Issuer or Swing Line Lender (as applicable) to the Administrative Agent, for purposes of
computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund
participations in Letters of Credit or Swing Line Loans pursuant to Sections 2.03 and
2.04, the “Applicable Percentage” of each non-Defaulting Lender shall be computed without
giving effect to the Commitment of such Defaulting Lender; provided, that, in all cases, the
obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of
Credit or Swing Line Loans shall not exceed the positive difference, if any, between (1) the
Commitment of such non-Defaulting Lender and (2) the aggregate Outstanding Amount of the Revolving
Loans of such Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all
other L/C Obligations (prior to giving effect to such reallocation), plus such Lender’s Applicable
Percentage of the Outstanding Amount of all other Swing Line Loans (prior to giving effect to such
reallocation). For the avoidance of doubt, this Section 2.16(d) will operate for the
benefit of the L/C Issuer and the Swing Line Lender notwithstanding the fact that a Letter of
Credit is issued or a Swing Line Loan is made at the time that one or more Defaulting Lenders exist
hereunder (regardless of whether the L/C Issuer or the Swing Line Lender has notice thereof).
Notwithstanding any provision contained herein to the contrary, during any period in which a
Default or Event of Default has occurred and is continuing, the provisions of this Section
2.16(d) shall not apply.

A Lender that has become a Defaulting Lender because of an event referenced in the definition of
Defaulting Lender may cure such status and shall no longer constitute a Defaulting Lender as a
result of such event when (i) such Defaulting Lender shall have fully funded or paid, as
applicable, all Loans, participations in respect of Letters of Credit or Swing Line Loans or other
amounts required to be funded or paid by it hereunder as to which it is delinquent (together, in
each case, with such interest thereon as shall be required to any Person as otherwise provided in

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this Agreement), (ii) the Administrative Agent and the Borrower shall have received a certification
by such Defaulting Lender of its ability and intent to comply with the provisions of this Agreement
going forward, and (iii) each of (w) the Administrative Agent, (x) the L/C Issuer, (y) the Swing
Line Lender and any other Lender as to which a delinquent obligation was owed, and (z) in the case
of the failure to fund any Loan, the Borrower, shall have determined (and
notified the Administrative Agent) that they are satisfied, in their sole discretion, that such
Defaulting Lender intends to continue to perform its obligations as a Lender hereunder and has all
approvals required to enable it, to continue to perform its obligations as a Lender hereunder. No
reference in this subsection to an event being “cured” shall by itself preclude any claim by any
Person against any Lender that becomes a Defaulting Lender for such direct damages as may otherwise
be available to such Person arising from any failure to fund or pay any amount when due hereunder
or from any other event that gave rise to such Lender’s status as a Defaulting Lender.

ARTICLE III

TAXES, YIELD PROTECTION AND ILLEGALITY

3.01 Taxes.

     (a) Payments Free of Taxes. Any and all payments by or on account of any obligation
of the Borrower hereunder or under any other Loan Document shall be made free and clear of and
without deduction or withholding for any Indemnified Taxes or Other Taxes, provided that if
the Borrower or other payor shall be required by applicable law 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 3.01) the Administrative Agent, the Swing Line Lender, a Lender or an
L/C Issuer, as the case may be, receives an amount equal to the sum it would have received had no
such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower
shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with
applicable law.

     (b) Payment of Other Taxes by the Borrower. Without limiting the provisions of
subsection (a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law.

     (c) Indemnification by the Borrower. The Borrower shall indemnify the Administrative
Agent, the Swing Line Lender, each Lender and each L/C Issuer, within 10 days after demand
therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes
or Other Taxes imposed or asserted on or attributable to amounts payable under this Section
3.01) paid by the Administrative Agent, the Swing Line Lender, such Lender or such L/C Issuer,
as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with
respect thereto (excluding any such penalties, interest or expenses reasonably attributable to the
gross negligence or willful misconduct of the Administrative Agent, the Swing Line Lender, such
Lender or such L/C Issuer as finally determined by a court of competent jurisdiction), 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 the Swing Line Lender, a

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Lender or an L/C Issuer (with a copy to the
Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of the Swing
Line Lender, a Lender or an L/C Issuer, shall be conclusive absent manifest error.

     (d) Evidence of Payments. As soon as practicable after any payment of Indemnified
Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the
Administrative Agent the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment or other evidence of such payment reasonably satisfactory to the
Administrative Agent.

     (e) Status of Lenders. Any Foreign Lender that is entitled to an exemption from or
reduction of withholding tax under the law of the jurisdiction in which the Borrower is resident
for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments
hereunder or under any other Loan Document shall deliver to the Borrower (with a copy to the
Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by
the Borrower or the Administrative Agent, such properly completed and executed documentation
prescribed by applicable law as will permit such payments to be made without withholding or at a
reduced rate of withholding. In addition, any Lender, the Swing Line Lender, the Administrative
Agent or any L/C Issuer, if requested by the Borrower or the Administrative Agent, shall deliver
such other documentation prescribed by applicable law or reasonably requested by the Borrower or
the Administrative Agent as will enable the Borrower or the Administrative Agent to determine
whether or not such Lender, the Swing Line Lender, the Administrative Agent or such L/C Issuer is
subject to backup withholding or information reporting requirements. Each Lender, the Swing Line
Lender, the Administrative Agent or any L/C Issuer shall promptly notify the Borrower at any time
it determines that it is no longer in a position to provide any previously delivered certificate or
form.

     Without limiting the generality of the foregoing, in the event that the Borrower is resident
for tax purposes in the United States, any Foreign Lender shall deliver to the Borrower and the
Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior
to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to
time thereafter upon the request of the Borrower or the Administrative Agent), in each case only if
such Foreign Lender is legally entitled to do so, whichever of the following is applicable:

     (i) properly completed and duly executed copies of Internal Revenue Service Form W-8BEN
(or any subsequent versions thereof or successors thereto) claiming eligibility for benefits
of an income tax treaty to which the United States is a party,

     (ii) properly completed and duly executed copies of Internal Revenue Service Form
W-8ECI (or any subsequent versions thereof or successors thereto) claiming an exemption for
effectively connected income,

     (iii) in the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under section 881(c) of the Code, (x) a certificate to the effect that
such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the
Code, (B) a “10 percent shareholder” of the Borrower within the meaning of section

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881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section
881(c)(3)(C) of the Code and (y) duly completed copies of Internal Revenue Service Form
W-8BEN (or any subsequent versions thereof or successors thereto), or

     (iv) any other form prescribed by applicable law as a basis for claiming exemption from
or a reduction in United States Federal withholding tax properly completed and duly executed
together with such supplementary documentation as may be prescribed by applicable law to
permit the Borrower to determine the withholding or deduction required to be made.

     (f) Treatment of Certain Refunds. If the Administrative Agent, the Swing Line Lender,
any Lender or any L/C Issuer determines, in its sole discretion exercised in good faith, that it
has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the
Borrower or with respect to which the Borrower has paid additional amounts pursuant to this
Section 3.01, it shall pay to the Borrower an amount equal to such refund (but only to the
extent of indemnity payments made, or additional amounts paid, by the Borrower under this
Section 3.01 with respect to the Taxes or Other Taxes giving rise to such refund), net of
all out of pocket expenses of the Administrative Agent, the Swing Line Lender, such Lender or such
L/C Issuer, as the case may be, and without interest (other than any interest paid by the relevant
Governmental Authority with respect to such refund), provided that the Borrower, upon the
request of the Administrative Agent, the Swing Line Lender, such Lender or such L/C Issuer, agrees
to repay the amount paid over to the Borrower (plus any penalties, interest or other charges
imposed by the relevant Governmental Authority) to the Administrative Agent, the Swing Line Lender,
such Lender or such L/C Issuer in the event the Administrative Agent, the Swing Line Lender, such
Lender or such L/C Issuer is required to repay such refund to such Governmental Authority. This
subsection shall not be construed to require the Administrative Agent, the Swing Line Lender, any
Lender or such L/C Issuer to make available its tax returns (or any other information relating to
its taxes that it deems confidential) to the Borrower or any other Person.

3.02 Illegality.

     If any Lender determines that as a result of any Change in Law it becomes unlawful, or any
Governmental Authority asserts that it is unlawful, for any Lender or its applicable Lending Office
to make, maintain or fund Eurodollar Rate Loans, or to determine or charge interest rates based
upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the
authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London
interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative
Agent, any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base
Rate Revolving Loans to Eurodollar Rate Loans shall be suspended until such Lender notifies the
Administrative Agent and the Borrower that the circumstances giving rise to such determination no
longer exist. Upon receipt of such notice, the Borrower shall, upon demand from such Lender (with
a copy to the Administrative Agent), convert all Eurodollar Rate Loans of such Lender to Base Rate
Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue
to maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully
continue to maintain such Eurodollar Rate Loans.

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Upon any such prepayment or conversion, the
Borrower shall also pay accrued interest on the amount so prepaid or converted.

3.03 Inability to Determine Rates.

     If the Required Lenders determine that for any reason in connection with any request for a
Eurodollar Rate Loan or a conversion to or continuation thereof that (a) adequate and reasonable
means do not exist for determining the Eurodollar Rate for any requested Interest Period with
respect to a proposed Eurodollar Rate Loan or (b) the Eurodollar Rate for any requested Interest
Period with respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the
cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the
Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain Eurodollar
Rate Loans shall be suspended until the Administrative Agent (upon the instruction of the Required
Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending
request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing
that, will be deemed to have converted such request into a request for a Revolving Borrowing of
Base Rate Loans in the amount specified therein.

3.04 Increased Costs; Reserves on Eurodollar Rate Loans.

     (a) Increased Costs Generally. If any Change in Law shall:

     (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan,
insurance charge or similar requirement against assets of, deposits with or for the account
of, or credit extended or participated in by, any Lender (except any reserve requirement
contemplated by Section 3.04(e)) or any L/C Issuer;

     (ii) subject any Lender or any L/C Issuer to any tax of any kind whatsoever with
respect to this Agreement, any Letter of Credit, any participation in a Letter of Credit or
any Eurodollar Rate Loan made by it, or change the basis of taxation of payments to such
Lender or any L/C Issuer in respect thereof (except for Indemnified Taxes or Other Taxes
covered by Section 3.01 and the imposition of, or any change in the rate of, any
Excluded Tax payable by such Lender or such L/C Issuer); or

     (iii) impose on any Lender or any L/C Issuer or any other condition, cost or expense
affecting this Agreement or Eurodollar Rate Loans made by such Lender or any Letter of
Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender, by an amount
which such Lender deems to be material in its sole discretion, of making or maintaining any
Eurodollar Rate Loan (or of maintaining its obligation to make any such Loan), or to increase the
cost to such Lender or such L/C Issuer of participating in, issuing or maintaining any Letter of
Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to
reduce the amount of any sum received or receivable by such Lender or such L/C Issuer hereunder
(whether of principal, interest or any other amount) then, upon request of such Lender or such L/C
Issuer, the Borrower will pay to such Lender or such L/C Issuer, as the case may be, such
additional amount or amounts as will compensate such Lender or such L/C Issuer, as the
case may be, for such additional costs incurred or reduction suffered. If any Lender becomes

53

 

entitled to claim any additional amounts pursuant to this subsection, it shall promptly notify the
Borrower, through the Administrative Agent, of the event by reason of which it has become so
entitled. If the Borrower so notifies the Administrative Agent within five Business Days after any
Lender notifies the Borrower of any increased cost pursuant to the foregoing provisions of this
Section, the Borrower may convert all Eurodollar Rate Loans of such Lender then outstanding into
Base Rate Loans in accordance with the terms hereof.

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

     (c) Certificates for Reimbursement. A certificate of a Lender or an L/C Issuer
setting forth the amount or amounts necessary to compensate such Lender or such L/C Issuer or its
holding company, as the case may be, as specified in subsection (a) or (b) of this Section, showing
the calculation thereof, in reasonable detail, and delivered to the Borrower shall be conclusive
absent manifest error. The Borrower shall pay such Lender or such L/C Issuer, as the case may be,
the amount shown as due on any such certificate within 10 days after receipt thereof.

     (d) Delay in Requests. Failure or delay on the part of any Lender or any L/C Issuer
to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a
waiver of such Lender’s or such L/C Issuer’s right to demand such compensation, provided
that the Borrower shall not be required to compensate a Lender or an L/C Issuer pursuant to the
foregoing provisions of this Section for any increased costs incurred or reductions suffered more
than 120 days prior to the date that such Lender or such L/C Issuer, as the case may be, notifies
the Borrower of the Change in Law giving rise to such increased costs or reductions and of such
Lender’s or such L/C Issuer’s intention to claim compensation therefor (except that, if the Change
in Law giving rise to such increased costs or reductions is retroactive, then the 120-day period
referred to above shall be extended to include the period of retroactive effect thereof).

     (e) Reserves on Eurodollar Rate Loans. The Borrower shall pay to each Lender, as long
as such Lender shall be required to maintain reserves with respect to liabilities or assets
consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency
liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan
equal to the actual costs of such reserves allocated to such Loan by such Lender (as
determined

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by such Lender in good faith, which determination shall be conclusive), which shall be
due and payable on each date on which interest is payable on such Loan, provided the
Borrower shall have received at least ten (10) days’ prior notice (with a copy to the
Administrative Agent) of such additional interest from such Lender. If a Lender fails to give
notice ten (10) days prior to the relevant Interest Payment Date, such additional interest shall be
due and payable ten (10) days from receipt of such notice.

3.05 Compensation for Losses.

     Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the
Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss,
cost or expense incurred by it as a result of:

     (a) any continuation, conversion, payment or prepayment of any Eurodollar Loan on a day
other than the last day of the Interest Period for such Loan (whether voluntary, mandatory,
automatic, by reason of acceleration, or otherwise);

     (b) any failure by the Borrower (for a reason other than the failure of such Lender to
make a Loan) to prepay, borrow, continue or convert any Eurodollar Loan on the date or in
the amount notified by the Borrower; or

     (c) any assignment of a Eurodollar Rate Loan on a day other than the last day of the
Interest Period therefor as a result of a request by the Borrower pursuant to Section
11.13;

including any loss or expense (but excluding loss of margin) arising from the liquidation or
reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate
the deposits from which such funds were obtained. Such indemnification under this
Section 3.05 may include an amount equal to the excess, if any, of (i) the amount of
interest which would have accrued on the amount so prepaid, or not so borrowed, converted or
continued, for the period from the date of such prepayment or of such failure to borrow,
convert or continue to the last day of such Interest Period (or, in the case of a failure to
borrow, convert or continue, the Interest Period that would have commenced on the date of
such failure) in each case at the applicable rate of interest for such Loans provided for
herein (but excluding loss of margin) over (ii) the amount of interest (as reasonably
determined by such Lender) which would have accrued to such Lender on such amount by
placing such amount on deposit for a comparable period with leading banks in the interbank
eurodollar market. Each Lender claiming any payment pursuant to this Section 3.05
shall do so by giving notice thereof to the Borrower and the Administrative Agent (showing
calculation of the amount claimed in reasonable detail) within 60 Business Days after a
failure to borrow, convert or continue Eurodollar Rate Loans, or to prepay, after notice or
after a prepayment of Eurodollar Rate Loans on a day which is not the last day of an
Interest Period therefor.

3.06 Mitigation Obligations; Replacement of Lenders.

     (a) Designation of a Different Lending Office. If any Lender requests compensation
under Section 3.04, or the Borrower is required to pay any additional amount to any Lender
or

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any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if
any Lender gives a notice pursuant to Section 3.02, then such Lender shall use reasonable
efforts to designate a different Lending Office for funding or booking its Loans hereunder or to
assign its rights and obligations hereunder to another of its offices, branches or affiliates, if,
in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or
reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the
future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and
(ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not
otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable
costs and expenses incurred by any Lender in connection with any such designation or assignment.

     (b) Replacement of Lenders. If any Lender requests compensation under Section
3.04, 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 Sections 3.01, or if any
lender gives a notice pursuant to Section 3.02, the Borrower may replace such Lender in
accordance with Section 11.13.

3.07 Survival.

     All of the Borrower’s obligations under Sections 3.01, 3.02 and 3.05
shall survive termination of the Aggregate Revolving Commitments and repayment of all other
Obligations hereunder.

ARTICLE IV

GUARANTY

4.01 The Guaranty.

     Each of the Guarantors hereby jointly and severally guarantees to each Lender, each Affiliate
of a Lender that enters into a Swap Contract or a Treasury Management Agreement, and the
Administrative Agent as hereinafter provided, as primary obligor and not as surety, the prompt
payment of the Obligations in full when due (whether at stated maturity, as a mandatory prepayment,
by acceleration, as a mandatory cash collateralization or otherwise) strictly in accordance with
the terms thereof. The Guarantors hereby further agree that if any of the Obligations are not paid
in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a
mandatory cash collateralization or otherwise), the Guarantors will, jointly and severally,
promptly pay the same, without any demand or notice whatsoever, and that in the case of any
extension of time of payment or renewal of any of the Obligations, the
same will be promptly paid in full when due (whether at extended maturity, as a mandatory
prepayment, by acceleration, as a mandatory cash collateralization or otherwise) in accordance with
the terms of such extension or renewal.

     Notwithstanding any provision to the contrary contained herein or in any other of the Loan
Documents or Swap Contracts or Treasury Management Agreements, the obligations of each Guarantor
under this Agreement and the other Loan Documents shall be limited to an aggregate amount equal to
the largest amount that would not render such obligations subject to

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avoidance under the Debtor
Relief Laws or any comparable provisions of any applicable state law.

4.02 Obligations Unconditional.

     The obligations of the Guarantors under Section 4.01 are joint and several, absolute
and unconditional, irrespective of the value, genuineness, validity, regularity or enforceability
of any of the Loan Documents, Swap Contracts or Treasury Management Agreements, or any other
agreement or instrument referred to therein, or any substitution, release, impairment or exchange
of any other guarantee of or security for any of the Obligations, and, to the fullest extent
permitted by applicable law, irrespective of any other circumstance whatsoever which might
otherwise constitute a legal or equitable discharge or defense of a surety or guarantor, it being
the intent of this Section 4.02 that the obligations of the Guarantors hereunder shall be
absolute and unconditional under any and all circumstances. Each Guarantor agrees that such
Guarantor shall have no right of subrogation, indemnity, reimbursement or contribution against the
Borrower or any other Guarantor for amounts paid under this Article IV until such time as
the Obligations have been Fully Satisfied. Without limiting the generality of the foregoing, it is
agreed that, to the fullest extent permitted by law, the occurrence of any one or more of the
following shall not alter or impair the liability of any Guarantor hereunder which shall remain
absolute and unconditional as described above:

     (a) at any time or from time to time, without notice to any Guarantor, the time for any
performance of or compliance with any of the Obligations shall be extended, or such
performance or compliance shall be waived;

     (b) any of the acts mentioned in any of the provisions of any of the Loan Documents,
any Swap Contract or any Treasury Management Agreement between the Borrower or any of its
Subsidiaries and any Lender, or any Affiliate of a Lender, or any other agreement or
instrument referred to in the Loan Documents or such Swap Contracts shall be done or
omitted;

     (c) the maturity of any of the Obligations shall be accelerated, or any of the
Obligations shall be modified, supplemented or amended in any respect, or any right under
any of the Loan Documents, any Swap Contract or any Treasury Management Agreement between
the Borrower or any of its Subsidiaries and any Lender, or any Affiliate of a Lender, or any
other agreement or instrument referred to in the Loan Documents or such Swap Contracts or
such Treasury Management Agreements shall be
waived or any other guarantee of any of the Obligations or any security therefor shall
be released, impaired or exchanged in whole or in part or otherwise dealt with;

     (d) any Lien granted to, or in favor of, the Administrative Agent or any Lender or
Lenders as security for any of the Obligations shall fail to attach or be perfected; or

     (e) any of the Obligations shall be determined to be void or voidable (including,
without limitation, for the benefit of any creditor of any Guarantor) or shall be

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subordinated to the claims of any Person (including, without limitation, any creditor of any
Guarantor).

     With respect to its obligations hereunder, each Guarantor hereby expressly waives diligence,
presentment, demand of payment, protest and all notices whatsoever, and any requirement that the
Administrative Agent or any Lender exhaust any right, power or remedy or proceed against any Person
under any of the Loan Documents, any Swap Contract or any Treasury Management Agreement between the
Borrower or any of its Subsidiaries and any Lender, or any Affiliate of a Lender, or any other
agreement or instrument referred to in the Loan Documents or such Swap Contracts or such Treasury
Management Agreements, or against any other Person under any other guarantee of, or security for,
any of the Obligations.

4.03 Reinstatement.

     The obligations of the Guarantors under this Article IV shall be automatically
reinstated if and to the extent that for any reason any payment by or on behalf of any Person in
respect of the Obligations is rescinded or must be otherwise restored by any holder of any of the
Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise,
and each Guarantor agrees that it will indemnify the Administrative Agent and each Lender on demand
for all reasonable costs and expenses (including, without limitation, fees and expenses of counsel)
incurred by the Administrative Agent or such Lender in connection with such rescission or
restoration, including any such costs and expenses incurred in defending against any claim alleging
that such payment constituted a preference, fraudulent transfer or similar payment under any
bankruptcy, insolvency or similar law.

4.04 Certain Additional Waivers.

     Each Guarantor agrees that such Guarantor shall have no right of recourse to security for the
Obligations, except through the exercise of rights of subrogation pursuant to Section 4.02
and through the exercise of rights of contribution pursuant to Section 4.06.

4.05 Remedies.

     The Guarantors agree that, to the fullest extent permitted by law, as between the Guarantors,
on the one hand, and the Administrative Agent and the Lenders, on the other hand, the Obligations
may be declared to be forthwith due and payable as provided in Section 9.02 (and shall be
deemed to have become automatically due and payable in the circumstances provided in said
Section 9.02) for purposes of Section 4.01 notwithstanding any stay, injunction or
other prohibition preventing such declaration (or preventing the Obligations from becoming
automatically due and payable) as against any other Person and that, in the event of such
declaration (or the Obligations being deemed to have become automatically due and payable), the
Obligations (whether or not due and payable by any other Person) shall forthwith become due and
payable by the Guarantors for purposes of Section 4.01.

4.06 Rights of Contribution.

     The Guarantors hereby agree as among themselves that, in connection with payments made
hereunder, each Guarantor shall have a right of contribution from each other Guarantor in

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accordance with applicable Law. Such contribution rights shall be subordinate and subject in right
of payment to the Obligations until such time as the Obligations have been Fully Satisfied, and
none of the Guarantors shall exercise any such contribution rights until the Obligations have been
Fully Satisfied.

4.07 Guarantee of Payment; Continuing Guarantee.

     The guarantee in this Article IV is a guaranty of payment and not of collection, is a
continuing guarantee, and shall apply to all Obligations whenever arising.

ARTICLE V

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

5.01 Conditions of Initial Credit Extension.

     The obligation of any L/C Issuer and each Lender to make its initial Credit Extension
hereunder is subject to satisfaction of the following conditions precedent:

     (a) Receipt by the Administrative Agent of the following:

     (i) executed counterparts of this Agreement and the other Loan
Documents, each properly executed by a Responsible Officer of the signing
Loan Party and, in the case of this Agreement, by each Lender;

     (ii) copies of the Organization Documents of each Loan Party certified
to be true and complete as of a recent date by the appropriate Governmental
Authority of the state or other jurisdiction of its
incorporation or organization, where applicable, and certified by a
secretary or assistant secretary of such Loan Party to be true and correct
as of the Closing Date;

     (iii) such certificates of resolutions or other action, incumbency
certificates and/or other certificates of Responsible Officers of each Loan
Party as the Administrative Agent may require evidencing the identity,
authority and capacity of each Responsible Officer thereof authorized to act
as a Responsible Officer in connection with this Agreement and the other
Loan Documents to which such Loan Party is a party;

     (iv) such documents and certifications as the Administrative Agent may
reasonably require to evidence that each Loan Party is duly organized or
formed, and that the Borrower and each Loan Party is validly existing, in
good standing and qualified to engage in business in its jurisdiction of
organization or formation;

     (v) favorable opinions of Simpson Thacher & Bartlett LLP, special
counsel to the Loan Parties and Steven M. Post, Senior Vice President,
General Counsel and Corporate Secretary of the Borrower and Holdings, each
addressed to the Administrative Agent and each Lender;

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     (vi) a certificate signed by a Responsible Officer of the Borrower
certifying (A) that there has been no event or circumstance since December
31, 2008 that has had or could be reasonably expected to have, either
individually or in the aggregate, a Material Adverse Effect and (B) the
current Debt Ratings; and

     (vii) a certificate signed by a Responsible Officer of the Borrower
certifying that the conditions specified in Sections 5.02(a) and
(b) have been satisfied;

     (b) Any fees required to be paid pursuant to Section 2.09 on or before the
Closing Date shall have been paid to the extent invoiced at least one Business Day prior to
the Closing Date.

     (c) Unless waived by the Administrative Agent, the Borrower shall have paid all fees,
charges and disbursements of counsel to the Administrative Agent to the extent invoiced at
least one Business Day prior to the Closing Date.

     (d) The Indebtedness of Holdings, the Borrower and its Subsidiaries outstanding under
the Existing Credit Agreement shall have been repaid and all commitments to provide loans
thereunder shall have been terminated, in each case, on terms and conditions reasonably
satisfactory to the Administrative Agent.

     (e) All material governmental and third party approvals necessary in connection with
the financing contemplated hereby shall have been obtained and be in full force and effect.

5.02 Conditions to all Credit Extensions.

     The obligation of each Lender and each L/C Issuer to honor any Request for Credit Extension
(other than a Revolving Loan Notice requesting only a conversion of Revolving Loans to the other
Type, or a continuation of Eurodollar Rate Loans) is subject to the following conditions precedent:

     (a) The representations and warranties of the Borrower and each other Loan Party
contained in Article VI or any other Loan Document, or which are contained in any
document furnished at any time under or in connection herewith or therewith, shall be true
and correct in all material respects on and as of the date of such Credit Extension, except
to the extent that such representations and warranties specifically refer to an earlier
date, in which case they shall be true and correct in all material respects as of such
earlier date; provided that to the extent the proceeds of a Credit Extension are
used to repay commercial paper of the Borrower, the representations and warranties contained
in Section 6.05(b) and Section 6.06 shall be excluded from the condition
contained in this Section 5.02(a) with respect to such Credit Extension, to the
extent of such proceeds.

     (b) No Default or Event of Default shall exist, or would result from such proposed
Credit Extension or from the application of the proceeds thereof.

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     (c) The Administrative Agent and, if applicable, the applicable L/C Issuer or the Swing
Line Lender shall have received a Request for Credit Extension in accordance with the
requirements hereof.

     Each Request for Credit Extension (other than a Revolving Loan Notice requesting only a
conversion of Revolving Loans to the other Type or a continuation of Eurodollar Rate Loans)
submitted by the Borrower shall be deemed to be a representation and warranty that the conditions
specified in Sections 5.02(a) and (b) have been satisfied on and as of the date of
the applicable Credit Extension.

ARTICLE VI

REPRESENTATIONS AND WARRANTIES

     The Borrower represents and warrants to the Administrative Agent and the Lenders (with respect
to Holdings, only until such time as Holdings is merged with and into the Borrower) that:

6.01 Corporate Existence; Compliance with Law.

     (a) Each of Holdings and the Borrower is duly organized, validly existing and in good standing
under the laws of the jurisdiction of its organization and (b) each other Loan Party is duly
organized, validly existing and in good standing under the laws of the jurisdiction of its
organization, except to the extent that the failure to comply with this Section 6.01(b)
would not cause the Borrower and its Subsidiaries to be in violation of Section 7.08(c).
Each of Holdings,
the Borrower and the other Loan Parties (i) has the corporate power and authority, and the
legal right, to own and operate its property, to lease the property it operates as lessee and to
conduct the business in which it is currently engaged, (ii) is duly qualified as a foreign
corporation and in good standing under the laws of each jurisdiction where its ownership, lease or
operation of property or the conduct of its business requires such qualification and (iii) is in
compliance with all Laws except in each case referred to in clause (i), (ii) or (iii), to the
extent that the failure to do so could not, in the aggregate, reasonably be expected to have a
Material Adverse Effect.

6.02 Corporate Power; Authorization; Enforceable Obligations.

     Each of Holdings, the Borrower and its Subsidiaries has the corporate power and authority, and
the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the
case of the Borrower, to borrow hereunder and has taken all necessary corporate action to authorize
the borrowings on the terms and conditions of this Agreement and to authorize the execution,
delivery and performance of such Loan Documents. No consent or authorization of, filing with,
notice to or other act by or in respect of, any Governmental Authority or any other Person is
required in connection with the borrowings hereunder or with the execution, delivery, performance,
validity or enforceability of the Loan Documents to which the Borrower and each other Loan Party is
a party, except in each case for those consents or authorizations which have been obtained on or
prior to the Closing Date. This Agreement has been, and each other Loan Document will be, duly
executed and delivered on behalf of the Borrower and each other Loan Party. This Agreement
constitutes, and each other Loan Document to which it is a party when executed and delivered will
constitute, a legal, valid and binding obligation of each Loan Party thereto enforceable against
each such Loan Party, as the

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case may be, in accordance with its terms, subject to the effects of
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws
relating to or affecting creditors’ rights generally, general equitable principles (whether
considered in a proceeding in equity or at law) and an implied covenant of good faith and fair
dealing.

6.03 No Legal Bar.

     Except as could not reasonably be expected to, individually or in the aggregate, have a
Material Adverse Effect, the execution, delivery and performance of each Loan Document, the
borrowing and use of the proceeds of the Loans and the consummation of the transactions
contemplated by the Loan Documents: (a) will not violate any Law or any Contractual Obligation
applicable to or binding upon Holdings, the Borrower or any Subsidiary of the Borrower or any of
their respective properties or assets, (b) will not violate any provision of any Organization
Document of Holdings, the Borrower or any Subsidiary of the Borrower and (c) will not result in the
creation or imposition of any Lien on any of its properties or assets pursuant to any Law
applicable to it or any of its Contractual Obligations. Each Credit Extension hereunder
constitutes “Senior Debt” under and, as defined in, the 2005 Indenture.

6.04 Purpose of Loans.

     The proceeds of the Revolving Loans shall be used by the Borrower (i) to pay fees and expenses
related to the preparation and negotiation of this Agreement and the other Loan Documents, (ii) for
working capital, capital expenditures and other lawful corporate purposes, including, without
limitation, the making of Investments permitted under Section 8.02 and (iii) to support the
issuance of letters of credit for lawful corporate purposes.

6.05 Financial Condition; No Change.

     (a) The audited consolidated balance sheets at December 31, 2008 and the related statements of
income and cash flows of Holdings and its Subsidiaries for the fiscal year then ended, certified by
PricewaterhouseCoopers L.L.P. have been delivered to the Administrative Agent and the Lenders and
have been prepared in accordance with GAAP consistently applied throughout the periods covered
(except as disclosed therein and except, with respect to unaudited financial statements, for the
absence of footnotes and normal year-end audit adjustments) and present fairly in all material
respects the financial position of the Persons covered thereby as at the dates thereof and the
results of their operations and cash flows for the periods then ended.

     (b) Since December 31, 2008, there has been no development, event or circumstance which has
had or could reasonably be expected to have a Material Adverse Effect.

6.06 No Material Litigation.

     Except as set forth on Schedule 6.06, no litigation by, investigation by, or
proceeding of or before any arbitrator or any Governmental Authority is pending or, to the
knowledge of the Borrower, overtly threatened by or against Holdings, the Borrower or any of its
Subsidiaries or against any of its or their respective properties or revenues with respect to any
Loan Document or any of the transactions contemplated hereby or thereby or which could reasonably
be expected to have a Material Adverse Effect. For the avoidance of doubt, if any litigation,
investigation or

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proceeding identified on Schedule 6.06 shall result in a Material Adverse
Effect, the Loan Parties hereby agree that the Lenders shall be under no obligation to make any
Loan and the L/C Issuers shall be under no obligation to issue or extend any Letter of Credit
hereunder.

6.07 No Default.

     Neither Holdings, the Borrower nor any of its Subsidiaries is in default under or with respect
to any of its Contractual Obligations in any respect which could reasonably be expected to have a
Material Adverse Effect. No Default or Event of Default has occurred and is continuing.

6.08 Ownership of Property; Liens.

     Each of Holdings, the Borrower and its Subsidiaries (a) has good record and insurable title in
fee simple to, or a valid leasehold interest in, all its real property and (b) has good title to,
or a valid leasehold interest in, all its other property, except for such defects in title or
interest as could not, individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect.

6.09 Intellectual Property.

     Each of Holdings, the Borrower and each of its Subsidiaries owns, or is licensed to use, all
trademarks, tradenames, copyrights, technology, know how and processes necessary for the conduct of
its business as currently conducted except for those the failure to own or license which could not
reasonably be expected to have a Material Adverse Effect (the “Intellectual Property”). To
the best of the Borrower’s knowledge, no claim has been asserted and is pending by any Person
challenging or questioning the use of any such Intellectual Property or the validity or
effectiveness of any such Intellectual Property, nor does the Borrower know of any valid basis for
any such claim which in either case could reasonably be expected to have a Material Adverse Effect.
The use of such Intellectual Property by Holdings, the Borrower and its Subsidiaries does not
infringe on the rights of any Person, except for such claims and infringements that, in the
aggregate, could not reasonably be expected to have a Material Adverse Effect.

6.10 Environmental Matters.

     Except insofar as any exception to any of the following, or any aggregation of such
exceptions, is not reasonably likely to result in a Material Adverse Effect:

     (a) The facilities and properties owned, leased or operated by Holdings, the Borrower or any
of its Subsidiaries (the “Properties”) do not contain, and have not previously contained,
any Materials of Environmental Concern in amounts or concentrations which (i) constitute or
constituted a violation of, or (ii) could reasonably be expected to give rise to liability under,
any applicable Environmental Law.

     (b) None of Holdings, the Borrower nor any of its Subsidiaries has received any written notice
of violation, alleged violation, non compliance, liability or potential liability regarding
environmental matters or compliance with Environmental Laws with regard to any of

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the Properties or
the Business, nor does the Borrower have knowledge or reason to believe that any such notice will
be received or is being threatened.

     (c) Materials of Environmental Concern have not been transported or disposed of from the
Properties in violation of, or in a manner or to a location which could reasonably be expected to
give rise to liability under, any applicable Environmental Law, nor have any
Materials of Environmental Concern been generated, treated, stored or disposed of at, on or
under any of the Properties in violation of, or in a manner that could reasonably be expected to
give rise to liability under, any applicable Environmental Law.

     (d) No judicial proceeding or governmental or administrative action is pending or, to the
knowledge of the Borrower, threatened, under any Environmental Law to which Holdings, the Borrower
or any Subsidiary is or, to the knowledge of the Borrower, will be named as a party or with respect
to the Properties or the Business, nor are there any consent decrees or other decrees, consent
orders, administrative orders or other orders, or other administrative or judicial requirements
outstanding under any Environmental Law with respect to the Properties or the Business.

     (e) There has been no release or threat of release of Materials of Environmental Concern at or
from the Properties, or arising from or related to the operations of Holdings, the Borrower or any
Subsidiary in connection with the Properties or otherwise in connection with the Business, in
violation of or in amounts or in a manner that could reasonably give rise to liability under any
applicable Environmental Laws.

     (f) The Properties and all operations at the Properties are in compliance, and have in the
last 3 years been in compliance, in all material respects with all applicable Environmental Laws,
and there is no contamination at, under or about the Properties or violation of any applicable
Environmental Law with respect to the Properties or the business operated by Holdings, the Borrower
or any of its Subsidiaries (the “Business”) which could materially interfere with the
continued operation of the Properties.

     (g) Holdings, the Borrower and its Subsidiaries hold and are in compliance with all
Environmental Permits necessary for their operations.

6.11 Taxes.

     Each of Holdings, the Borrower and its Subsidiaries has filed or caused to be filed all
material tax returns which, to the knowledge of the Borrower, are required to be filed and has paid
all taxes shown to be due and payable on said returns or on any material assessments made against
it or any of its property (other than any the amount or validity of which are currently being
contested in good faith by appropriate proceedings and with respect to which reserves in conformity
with GAAP have been provided on the books of Holdings, the Borrower or its Subsidiaries, as the
case may be); no material tax Lien has been filed, and, to the knowledge of the Borrower, no claim
is being asserted with respect to any material tax, fee or other charge.

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6.12 ERISA.

     (a) Except as could not reasonably be expected, individually or in the aggregate, to have a
Material Adverse Effect, (i) no Reportable Event has occurred with respect to any Single Employer
Plan; (ii) all contributions required to be made with respect to a Plan have been timely
made; (iii) none of Holdings, the Borrower nor any ERISA Affiliate has incurred any material
liability to or on account of a Plan that remains unsatisfied pursuant to Section 409, 502(i),
502(1), 515, 4062, 4063, 4064, 4069, 4201, 4204 or 4212 of ERISA or Section 401(a)(29), 4971, 4975
or 4980 of the Code or reasonably expects to incur any liability (including any indirect,
contingent or secondary liability) under any of the foregoing Sections with respect to any Plan;
(iv) no termination of, or institution of proceedings to terminate or appoint a trustee to
administer, a Single Employer Plan has occurred; (v) each Plan has complied with the applicable
provisions of ERISA and the Code (except that with respect to any Multiemployer Plan, such
representation is deemed made only to the knowledge of the Borrower) and (vi) no violation of the
minimum funding standards under Sections 412 or 430 of the Code or Sections 302 or 303 of ERISA,
extension of any amortization period (within the meaning of Section 412 of the Code) or Lien in
favor of the PBGC or a Single Employer Plan has arisen or has occurred during the five year period
prior to the date on which this representation is made or deemed made with respect to any Single
Employer Plan.

     (b) Neither Holdings, the Borrower nor any ERISA Affiliate has had a complete or partial
withdrawal from any Multiemployer Plan for which there is any outstanding material liability, and
neither Holdings, the Borrower nor any ERISA Affiliate would become subject to any liability under
ERISA if Holdings, the Borrower or any such ERISA Affiliate were to withdraw completely from all
Multiemployer Plans as of the valuation date most closely preceding the date on which this
representation is made or deemed made in an amount which would be reasonably likely to have a
Material Adverse Effect. To the knowledge of the Borrower, no Multiemployer Plan is in
Reorganization or Insolvent except to the extent that any such event could not, individually or in
the aggregate, reasonably be expected to have a Material Adverse Effect.

6.13 Subsidiaries.

     The Domestic Subsidiaries of the Borrower and their respective jurisdictions of incorporation
on the Closing Date shall be as set forth on Schedule 6.13. The exact legal name of each
Loan Party is as set forth on the signature pages hereto.

6.14 Federal Regulations; Investment Company Act; Other Regulations.

     (a) No part of the proceeds of any Loans will be used for “purchasing” or “carrying” any
“margin stock” within the respective meanings of each of the quoted terms under Regulation U of the
Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect.

     (b) None of Holdings, the Borrower or any of its Subsidiaries is an “investment company,” or a
company “controlled” by an “investment company,” within the meaning of the Investment Company Act
of 1940, as amended. None of Holdings, the Borrower or any of its

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Subsidiaries is subject to
regulation under any Federal or State statute or regulation (other than
Regulation X of the Board of Governors of the Federal Reserve System) which limits its ability
to incur the types of Indebtedness comprising the Obligations.

6.15 Accuracy and Completeness of Information.

     Neither (a) the Confidential Executive Summary nor (b) any other information, report,
financial statement, exhibit or schedule furnished in writing by or on behalf of the Borrower to
the Administrative Agent or any Lender in connection with the negotiation of this Agreement or
included herein or delivered pursuant hereto contained, contains or will contain any material
misstatement of fact or omitted, omits or will omit to state any material fact necessary to make
the statements therein, in the light of the circumstances under which they were, are or will be
made, not materially misleading; provided that to the extent any such information, report,
financial statement, exhibit or schedule was based upon or constitutes a forecast or projection,
the Borrower represents only that it acted in good faith and utilized assumptions believed by it to
be reasonable in the preparation of such information, report, financial statement, exhibit or
schedule.

6.16 Labor Matters.

     There are no strikes pending or, to the Borrower’s knowledge, overtly threatened against
Holdings, the Borrower or any of its Subsidiaries which, individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect. The hours worked and payments made to
employees of Holdings, the Borrower and each of its Subsidiaries (and their predecessors) have not
been in violation of the Fair Labor Standards Act or any other applicable Law, except to the extent
such violations could not, or in the aggregate, be reasonably expected to have a Material Adverse
Effect.

ARTICLE VII

AFFIRMATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the
Borrower shall, and shall (except in the case of the covenants set forth in Sections 7.01,
7.02, and 7.03) cause each Subsidiary to:

7.01 Financial Statements.

     The Borrower will deliver to the Administrative Agent, whether or not the Borrower has a class
of securities registered under the Exchange Act, (i) within 90 days after the end of each fiscal
year of the Borrower, the annual reports and (ii) within 45 days after the end of each fiscal
quarter of the Borrower, quarterly reports (except with respect to the fourth quarter of each
fiscal year) that the Borrower would be required to file if the Borrower were subject to section
13(a) or
15(d) of the Exchange Act; provided, that any reports required to be delivered
pursuant to this Section 7.01 which are made available on EDGAR or any successor system of
the SEC shall be deemed delivered when so made available.

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     All such financial reports shall be complete and correct in all material respects and shall be
prepared in reasonable detail and in accordance with GAAP applied consistently throughout the
periods reflected therein and with prior periods (except as approved by the accountants or officer
auditing or preparing such financial reports, as the case may be, and disclosed therein) and, in
the case of quarterly reports, subject to year-end audit adjustments and footnote disclosures.

7.02
Certificates; Other Information.

     Deliver to the Administrative Agent (who will make available to the Lenders), in form and
detail satisfactory to the Administrative Agent and the Required Lenders:

     (a) within five days after the date on which Borrower delivers the annual financial
statements required by Section 7.01, a certificate of its independent certified
public accountants certifying such financial statements without material qualification;

     (b) within five days after the delivery of the financial statements required by
Section 7.01, a certificate signed by a Responsible Officer of the Borrower (i)
stating that, to the best of such Responsible Officer’s knowledge, during such period (A) no
Subsidiary has been formed or acquired (or, if any such Subsidiary has been formed or
acquired, the Borrower has complied with the requirements of Section 7.08 with
respect thereto) and (B) such Responsible Officer has obtained no knowledge of any Default
or Event of Default except as specified in such certificate, (ii) setting forth, in the form
of the Compliance Certificate, the computation of the financial covenants in Section
8.08 as of the last day of the fiscal quarter most recently ended and (iii) setting
forth the amount of Restricted Payments which the Borrower or any Subsidiary would be
permitted to make pursuant to Section 8.06(d) as of the end of the fiscal quarter
covered by such financial statements;

     (c) promptly, after their becoming available, copies of all proxy statements and all
registration statements filed by the Borrower or Holdings under the Securities Act of 1933,
as amended (other than registration statements on Form S-8 or any registration statement
filed in connection with a dividend reinvestment plan), and regular and periodic reports, if
any, which the Borrower or Holdings shall have filed with the SEC (or any governmental
agency or agencies substituted therefore) under Section 13 or Section 15(d) of the
Securities and Exchange Act of 1934, as amended, or with any national securities exchange
(other than those which have already been delivered pursuant to Section 7.01 or on
Form 11-K or any successor form); provided, that documents required to be delivered
under this clause (c) which are made available on the internet via the EDGAR, or any
successor, system of the SEC shall be deemed delivered when made so available; and

     (d) promptly, such additional information regarding the business, financial or
corporate affairs of the Borrower or any Subsidiary, or compliance with the terms of the
Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably
request.

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     The Lenders agree that the documents required to be delivered by the Borrower to the
Administrative Agent pursuant to Section 7.01 may be delivered by the Administrative Agent
to the Lenders electronically and shall be deemed to have been delivered by the Administrative
Agent to the Lenders on the date on which such documents are posted by the Administrative Agent on
an Internet or intranet website, if any, to which each Lender and the Administrative Agent have
access (whether a commercial, third party website or whether sponsored by the Administrative
Agent).

7.03 Notices.

     (a) Promptly upon any Responsible Officer of the Borrower obtaining knowledge of any of the
following, furnish to the Administrative Agent written notice of the following:

     (i) any Event of Default or Default, specifying the nature and extent thereof and the
corrective action (if any) taken or proposed to be taken with respect thereto;

     (ii) the filing or commencement of any action, suit or proceeding, whether at law or in
equity or by or before any Governmental Authority, against Holdings or any of its
Subsidiaries that could reasonably be expected to result in a Material Adverse Effect; and

     (iii) any development that has resulted in, or could reasonably be expected to result
in, a Material Adverse Effect.

     (b) Notify the Administrative Agent of any material change in accounting policies or financial
reporting practices by Holdings, the Borrower or any Subsidiary concurrently with the delivery of
the financial statements required hereunder first affected by such change.

     The Administrative Agent agrees that it will promptly send to the Lenders any written notice
received by the Administrative Agent pursuant to Section 7.03(a) or (b).

7.04 Payment of Taxes and Material Obligations.

     Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as
the case may be, all its (a) material taxes, fees, assessments, and other governmental charges and
(b) other obligations of whatever nature, except where the amount or validity thereof is currently
being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with
respect thereto have been provided on the books of the Borrower or its Subsidiaries, as the case
may be, except in the case of clause (b), to the extent
any failure to pay, discharge or otherwise satisfy could not reasonably be expected to have a
Material Adverse Effect.

7.05 Conduct of Business; Maintenance of Existence and Property; Compliance with Law.

     Except as not prohibited by Sections 8.04 and 8.05, (a) continue to engage in
business of the same general type as now conducted by it and/or any Similar Business; (b) with
respect to Holdings and the Borrower (and with respect to the other Loan Parties, to the extent
necessary to

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stay in compliance with Section 7.08(c)), preserve, renew and keep in full
force and effect its corporate existence; (c) take all reasonable action to maintain all rights,
privileges and franchises necessary or desirable in the normal conduct of its business except if
(i) in the reasonable business judgment of the Borrower or such Subsidiary, as the case may be, it
is in its best economic interest not to preserve and maintain such rights, privileges or
franchises, and (ii) such failure to preserve and maintain such privileges, rights or franchises
could not reasonably be expected to have a Material Adverse Effect; (d) keep all property useful
and necessary in its business in good working order and condition (ordinary wear and tear and
damage by fire and/or other casualty or taking by condemnation excepted) except to the extent that
the failure to do so could not, in the aggregate, be reasonably expected to have a Material Adverse
Effect; and (e) comply with all Contractual Obligations and applicable Laws except to the extent
that the failure to comply therewith could not, in the aggregate, be reasonably expected to have a
Material Adverse Effect.

7.06 Maintenance of Insurance.

     The Borrower will maintain for itself and its Subsidiaries, with financially sound and
reputable insurance companies, insurance in such amounts and against such risks as are customarily
maintained by companies of similar stature engaged in the same or similar businesses operating in
the same or similar locations.

7.07 Inspection of Property; Books and Records.

     Keep proper books of records and account in which full, true and correct entries in conformity
with GAAP and with all applicable Law in all material respects shall be made of all dealings and
transactions in relation to its business and activities; and permit representatives of any Lender
to visit and inspect any of its properties and examine and make abstracts from any of its books and
records (except to the extent any such access is restricted by a Law) (and shall cause Holdings to
permit representatives of any Lender to visit and inspect any of its properties and examine and
make abstracts from any of its books and records (except to the extent any such access is
restricted by a Law)) at any reasonable time on a Business Day and as often as may reasonably be
desired and to discuss the business, operations, properties and financial and other condition of
Holdings, the Borrower and its Subsidiaries with officers and employees of
Holdings, the Borrower and its Subsidiaries and with its independent certified public
accountants; provided that the Administrative Agent or such Lender shall notify the
Borrower prior to any contact with such accountants and give the Borrower the opportunity to
participate in such discussions; provided, further, that the Borrower shall notify
the Administrative Agent of any such visits, inspections or discussions prior to each occurrence
thereof.

7.08 Guarantees.

     (a) At all times prior to the Guaranty Release Date, with respect to any Person that,
subsequent to the Closing Date, becomes a direct or indirect Wholly Owned Subsidiary that is a
Domestic Subsidiary of the Borrower (other than an Immaterial Subsidiary) promptly (and in any
event within thirty (30) days after such Person becomes a Subsidiary): (i) cause such new
Subsidiary to become a Guarantor by executing and delivering to the Administrative Agent a Joinder
Agreement in substantially the same form as Exhibit G and (ii) if reasonably requested

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by
the Administrative Agent or the Required Lenders, deliver to the Administrative Agent legal
opinions relating to the matters described in clause (i) immediately preceding, which opinions
shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative
Agent.

     (b) As described in the foregoing provisions of this Section 7.08, no Immaterial
Subsidiary, Foreign Subsidiary or Non-Wholly Owned Subsidiary (except as provided in Section
7.08(c) or (d) below) of the Borrower or its Subsidiaries shall be required to become a
Guarantor hereunder; provided, that if any such Subsidiary thereafter becomes a direct or
indirect Wholly Owned Subsidiary that is a Domestic Subsidiary of the Borrower (and is not at the
time an Immaterial Subsidiary) prior to the Guaranty Release Date then each such Subsidiary shall
become a Guarantor under this Agreement. In the event that any Immaterial Subsidiary is or becomes
a Guarantor hereunder, the Borrower may, at any time in its discretion, by notice to the
Administrative Agent, require the Administrative Agent to release such Immaterial Subsidiary from
the Guaranty, provided that (i) such Immaterial Subsidiary is not a guarantor of any other
Indebtedness of the Borrower and (ii) after giving effect to such release, the Borrower would be in
compliance with Section 7.08(c).

     (c) Notwithstanding anything to the contrary contained in this Agreement, prior to the
Guaranty Release Date, the aggregate amount of the Non-Guarantor Operating Assets shall at no time
be greater than 25% of the Total Assets.

     (d) Notwithstanding anything to the contrary contained in this Agreement, if at any time any
Subsidiary that is not required to be a Guarantor hereunder provides a guarantee of the Borrower’s
obligations in respect of any other Indebtedness, then promptly (and in any event within 30 days
thereof), the Borrower shall cause such Subsidiary to (i) become a Guarantor hereunder by executing
and delivering to the Administrative Agent a Joinder Agreement in substantially the same form as
Exhibit G and (ii) if reasonably requested by the Administrative Agent, deliver to the
Administrative Agent legal opinions relating to the matters described in clause (i) immediately
preceding, which opinions shall be in form and substance, and from counsel, reasonably satisfactory
to the Administrative Agent.

7.09 Government Contracts.

     The Borrower and its Subsidiaries shall apply for and maintain all material facility security
clearances and personnel security clearances required of the Borrower under all applicable Laws to
perform and deliver under any and all government contracts and as otherwise may be necessary to
continue to perform the business of the Borrower and its Subsidiaries, except where failure to do
so could not reasonably be expected to have a Material Adverse Effect.

ARTICLE VIII

NEGATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding,
Holdings shall comply with Sections 8.10 and 8.11 and, with respect to Sections

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8.01 through 8.09, the Borrower shall not, nor shall it permit any Subsidiary to,
directly or indirectly:

8.01 Liens.

     Create, incur, assume or suffer to exist any Lien upon any of its property, assets or
revenues, whether now owned or hereafter acquired, other than the following:

     (a) Liens created by this Agreement;

     (b) Liens for taxes not yet due or which are being contested in good faith by
appropriate proceedings, provided that adequate reserves with respect thereto are
maintained on the books of the Borrower or its Subsidiaries, as the case may be, in
conformity with GAAP;

     (c) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like
Liens arising in the ordinary course of business which are not overdue for a period of more
than 60 days or which are being contested in good faith by appropriate proceedings;

     (d) pledges or deposits in connection with workers’ compensation, unemployment
insurance and other social security legislation and deposits securing liability to insurance
carriers under insurance or self insurance arrangements;

     (e) deposits to secure the performance of bids, trade contracts (other than for
borrowed money), leases, statutory obligations, surety and appeal bonds, performance bonds
and other obligations of a like nature incurred in the ordinary course of business;

     (f) easements, rights of way, zoning restrictions, other restrictions and other similar
encumbrances previously or hereafter incurred in the ordinary course of business which, in
the aggregate, are not substantial in amount and which do not in any case materially detract
from the value of the property subject thereto or materially interfere with the ordinary
conduct of the business of the Borrower or such Subsidiary;

     (g) Liens on property or assets of the Borrower or any of its Subsidiaries existing on
the Closing Date except for any such Lien securing Indebtedness in excess of $5,000,000 that
is not set forth on Schedule 8.01, provided that all Liens permitted by this
paragraph (g) shall secure only those obligations which they secure on the Closing Date
(assuming that any unfunded commitments in respect thereof have been fully funded);

     (h) Liens upon any property acquired, constructed or improved by the Borrower or any
Subsidiary which are created or incurred within 180 days of such acquisition, construction
or improvement to secure or provide for the payment of the purchase price of such property
or the cost of such construction or improvement, including carrying costs (but no other
amounts), provided that any such Lien shall not apply to any other property of the
Borrower or any Subsidiary (other than after acquired title in or on such property and
proceeds of the existing collateral in accordance with the instrument creating such Lien);

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     (i) Liens on the property or assets of a Person which becomes a Subsidiary after the
Closing Date, provided that (i) such Liens existed at the time such Person became a
Subsidiary and were not created in anticipation thereof, (ii) any such Lien is not expanded
to cover any property or assets of such Person after the time such Person becomes a
Subsidiary (other than after acquired title in or on such property and proceeds of the
existing collateral in accordance with the instrument creating such Lien), and (iii) the
amount of the obligations secured thereby is not increased (assuming that any unfunded
commitments in respect thereof have been fully funded);

     (j) Liens on property and assets securing obligations assumed by the Borrower or a
Subsidiary in connection with an Acquisition of such property or assets, provided
that (i) such Liens existed at the time of such Acquisition and were not created in
anticipation thereof, (ii) any such Lien is not expanded to cover any other property or
assets (other than after acquired title in or on the property or assets acquired and
proceeds of the existing collateral in accordance with the instrument creating such Lien)
and (iii) the amount of obligations secured thereby is not increased (assuming that any
unfunded commitments in respect thereof have been fully funded);

     (k) Liens on the property of the Borrower or any of its Subsidiaries in favor of
landlords securing licenses, subleases or leases entered into in the ordinary course of
business;

     (l) licenses, leases or subleases not prohibited hereunder granted to other Persons not
interfering in any material respect in the business of the Borrower or any of its
Subsidiaries;

     (m) so long as no Default or Event of Default shall have occurred and be continuing
under clause Section 9.01(h), attachment or judgment Liens;

     (n) Liens arising from precautionary Uniform Commercial Code financing statement
filings with respect to operating leases or consignment arrangements entered into by the
Borrower, or any of its subsidiaries in the ordinary course of business;

     (o) Liens in favor of a banking institution arising by operation of law encumbering
deposits (including the right of set off) held by such banking institutions incurred in the
ordinary course of business and which are within the general parameters customary in the
banking industry;

     (p) Liens securing obligations in respect of trade letters of credit covering the goods
(or the documents of title in respect of such goods) financed by such trade letters of
credit and the proceeds and products thereof;

     (q) Liens in favor of customs and revenue authorities arising as a matter of law to
secure payment of customs duties in connection with the importation of goods;

     (r) Liens referred to in paragraphs (a) through (q) of this Section 8.01 with
respect to extensions, renewals and replacements of obligations secured thereby,
provided that any such extension, renewal or replacement Lien shall be limited to
the property or

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assets covered by the Lien extended, renewed or replaced (other than after
acquired title in or on such property or assets and proceeds of the existing collateral in
accordance with the instrument creating such Lien) and that the obligations secured by any
such extension, renewal or replacement Lien shall be in an amount not greater than the
amount of the obligations secured by the Lien extended, renewed or replaced (assuming that
any unfunded commitments in respect of such extended, renewed or replaced obligations have
been fully funded);

     (s) Liens arising in connection with any Permitted Receivables Program (to the extent
the sale by the Borrower or the applicable Subsidiary of its accounts receivable is deemed
to give rise to a Lien in favor of the purchaser thereof in such accounts receivable or the
proceeds thereof);

     (t) Liens securing Synthetic Lease Obligations incurred to finance the acquisition,
construction or improvement of any fixed or capital assets acquired by the Borrower or any
Subsidiary after the Closing Date;

     (u) Liens on Equity Interests of a Person being acquired by the Borrower or any
Subsidiary as security for such purchaser’s deferred payment obligations with respect
thereto;

     (v) Liens (not otherwise permitted hereunder) which secure obligations in an aggregate
amount at any time outstanding (when aggregated with, at all times following the Guaranty
Release Date but without duplication, the aggregate principal amount of all Indebtedness of
the Subsidiaries of the Borrower permitted by Section 8.03(h)) not to exceed 5% of
Consolidated Total Assets; and

     (w) Liens on Equity Interests of any Subsidiary (not otherwise permitted hereunder)
which secure other Indebtedness of Holdings, the Borrower or any of its Subsidiaries not
prohibited hereunder; provided that the Administrative Agent, for the benefit of the
holders of the Obligations, shall have an equal and ratable Lien on such Equity Interests
pursuant to documentation (including intercreditor provisions) reasonably satisfactory to
the Administrative Agent.

8.02 Investments.

     Make any Investments, except:

     (a) Investments (including Acquisitions) in any Person (other than Holdings);
provided that (i) (both before and after giving effect to any such Investment),
there shall exist no Default or Event of Default, (ii) if any such Investment is an
Acquisition, such Acquisition shall be of assets or Equity Interests of any Person engaged
in a Similar Business, (iii) after giving effect to any Acquisition on a Pro Forma Basis,
the Borrower shall be in compliance with Section 8.08(a), (b), and
(c) and (iv) after giving effect to any Acquisition (subject to the grace period
provided for in Section 7.08(a)), the Borrower shall be in compliance with
Section 7.08(c);

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     (b) intercompany advances by the Borrower or any Subsidiary to Holdings to fund
payments of interest on Indebtedness (other than Disqualified Preferred Stock) of Holdings
or to fund payments of dividends on Disqualified Preferred Stock issued by Holdings;
provided, that, (i) any such Indebtedness or Disqualified Preferred Stock is
guaranteed by the Borrower, and (ii) the proceeds received by Holdings from the issuance of
such Indebtedness or Disqualified Preferred Stock shall have been invested by Holdings in
the Borrower (or used to refinance in full Indebtedness (including Disqualified Preferred
Stock), the proceeds of which were previously invested in the Borrower);

     (c) intercompany advances by the Borrower or any Subsidiary to Holdings to fund
payments and prepayments (whether optional or mandatory) of principal of, Indebtedness
(other than Disqualified Preferred Stock) of Holdings, and to fund optional and mandatory
redemptions in respect of Disqualified Preferred Stock issued by Holdings, including the
payment of any premium, penalty or accreted value in connection therewith, provided
that (i) any such Indebtedness or Disqualified Preferred Stock is guaranteed by the Borrower
and (ii) the aggregate amount of such intercompany advances made pursuant to this
Section 8.02(c), together with the aggregate amount of dividends or distributions
made by the Borrower pursuant to Section 8.06(c), shall not, at any time, exceed the
sum of (y) the aggregate amount of investments made by Holdings in the Borrower with the
proceeds received by Holdings in respect of any issuance of Indebtedness (including
Disqualified Preferred Stock) by Holdings which is so guaranteed by the Borrower and (z) the
amount of any premium, penalty or accreted value payable in connection with such payment,
prepayment or redemption; and

     (d) Investments by the Borrower or any Subsidiary in Holdings not permitted by
Section 8.02(b) or (c); provided that (i) no Default or Event of
Default shall have occurred and be continuing or result therefrom and (ii) the aggregate
amount of the sum (following the Closing Date) of (A) the aggregate amount of Investments
made by the Borrower or any Subsidiary in Holdings (other any intercompany advances made by
the Borrower or any Subsidiary pursuant to Section 8.02(b) or (c)) plus (B)
the Equity Interests of the Borrower repurchased, redeemed, retired, acquired or otherwise
receiving payments on account of any return of capital by the Borrower plus (C) the amount
of dividend payments or distributions made by the Borrower in respect of its Equity
Interests (other than any dividends or distributions permitted by Section 8.06(a),
(b), or (c)), shall not exceed an aggregate amount equal to the sum of
$2,000,000,000 increased on a cumulative basis as of the end of each fiscal quarter of the
Borrower, commencing with the fiscal quarter ending December 31, 2009 by an amount equal to
50% of Consolidated Net Income for the fiscal quarter then ended (or, if such Consolidated
Net Income for such fiscal quarter is a deficit, less 50% of such deficit) plus an amount
equal to 100% of the proceeds from any issuances of Equity Interests by Holdings
(provided the proceeds from such issuance (or, without duplication, from any Equity
Interests or
Indebtedness of Holdings purchased, redeemed or cancelled in conversion by
virtue of such issuance) are (or were) invested in the Borrower) subsequent to the Closing
Date plus 100% of the proceeds from any issuances of Indebtedness by Holdings
(provided that (i) such Indebtedness is not guaranteed by the Borrower or any
Subsidiary and (ii) the proceeds from such issuance (or, without duplication, from any
Equity Interests or

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Indebtedness of Holdings purchased, redeemed or cancelled in conversion
by virtue of such issuance) are (or were) invested in the Borrower) subsequent to the
Closing Date plus 100% of the proceeds from any issuance of Equity Interests by the Borrower
(or, without duplication, from any Equity Interests or
Indebtedness of the Borrower
purchased, redeemed or cancelled in conversion by virtue of such issuance) subsequent to the
Closing Date.

8.03 Subsidiary Indebtedness.

     After the Guaranty Release Date, permit any Subsidiary to create, incur, assume or suffer to
exist any Indebtedness, except:

     (a) Indebtedness under the Loan Documents;

     (b) Indebtedness issued to the Borrower or any other Subsidiary;

     (c) Indebtedness of any Subsidiary incurred to finance the acquisition, construction or
improvement of any fixed or capital assets (including Capital Lease Obligations), and
extensions, renewals and replacements of any such Indebtedness that do not increase the
outstanding principal amount thereof; provided that such Indebtedness is incurred
prior to or within 180 days after such acquisition or the completion of such construction or
improvement;

     (d) Indebtedness of any Subsidiary incurred in connection with the issuance of any
surety bonds, letters of credit or other similar bonds in the ordinary course of business;

     (e) Indebtedness of the Subsidiaries arising in connection with the Permitted
Receivables Programs;

     (f) Synthetic Lease Obligations of any Subsidiary incurred to finance the acquisition,
construction or improvement of any fixed or capital assets acquired by such Subsidiary
subsequent to the Closing Date;

     (g) any Guarantee provided by any Subsidiary to support Indebtedness of Holdings, the
Borrower or any other Subsidiary; provided that any such Subsidiary shall also be a
Guarantor hereunder (whether or not the Guaranty Release Date has occurred); and

     (h) Indebtedness, other than pursuant to the foregoing provisions of this Section
8.03, in an aggregate amount at any one time outstanding, together with (but without
duplication of) the aggregate amount of Indebtedness secured by Liens permitted by
Section 8.01(v), not to exceed 5% of Consolidated Total Assets.

8.04 Fundamental Changes.

     With respect solely to the Borrower, (i) merge, consolidate, liquidate, amalgamate, wind up or
dissolve with or into another Person, or (ii) convey, sell, lease, assign, transfer or otherwise

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dispose of (whether in one transaction or in a series of transactions) all or substantially all of
its property, business or assets (whether now owned or hereafter acquired) to or in favor of any
Person, except that:

     (a) any Person may merge into or consolidate with the Borrower in a transaction in
which the Borrower is the surviving Person if no Event of Default or Default shall have
occurred and be continuing or would occur immediately after giving effect thereto;

     (b) the Borrower may make any conveyance, sale, assignment or disposition of assets not
prohibited by Section 8.05; and

     (c) Holdings may merge into or consolidate with the Borrower; provided that (i)
the Borrower shall provide written notice to the Administrative Agent prior to such merger
or consolidation and (ii) to the extent Holdings is the surviving Person, Holdings shall
assume contemporaneously with such merger or consolidation all of the obligations of the
Borrower under this Agreement and the other Loan Documents pursuant to documentation
reasonably satisfactory to the Administrative Agent. Following any merger pursuant to this
Section 8.04(c), all references to “Holdings” and to the “Borrower” shall be read as
references to the Person surviving the merger.

8.05 Limitation on Sale of Assets.

     Convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or
assets (including, without limitation, receivables and leasehold interests), whether now owned or
hereafter acquired, except:

     (a) the sale or other disposition of obsolete, surplus or worn out property in the
ordinary course of business;

     (b) the sale, lease, transfer or exchange of inventory in the ordinary course of
business;

     (c) transfers resulting from any casualty or condemnation of property or assets;

     (d) intercompany sales or transfers of assets made in the ordinary course of business;

     (e) licenses, leases or subleases of tangible property in the ordinary course of
business;

     (f) any consignment arrangements or similar arrangements for the sale of assets in the
ordinary course of business;

     (g) the sale or discount of overdue accounts receivable arising in the ordinary course
of business, but only in connection with the compromise or collection thereof;

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     (h) the sale of receivables in connection with any Permitted Receivables Program;

     (i) licensing and cross-licensing arrangements involving technology or other
intellectual property of the Borrower or a Subsidiary in the ordinary course of business;

     (j) sales, transfers or other dispositions of any or all of its assets (upon voluntary
liquidation or otherwise) to the Borrower or any Subsidiary of the Borrower;

     (k) in addition to those permitted by any other clause of this Section 8.05,
conveyances, sales, leases, assignments, transfers or other dispositions of any of its
property, business or assets provided, that the aggregate value of all such assets
conveyed, sold, leased, assigned, transferred or otherwise disposed of pursuant to this
Section 8.05(k) shall not exceed the Post-Closing Net Asset Investment Amount; and

     (l) the conveyance, sale, assignment or other disposition of assets, in addition to
those permitted by any other clause of this Section 8.05, provided, that the
aggregate value of all such assets conveyed, sold, assigned or otherwise disposed of
pursuant to this Section 8.05(l) during the term of this Agreement shall not exceed
7.5% of the
Consolidated Total Assets plus an amount equal to the Pre-Closing Net Asset Investment
Amount.

8.06 Restricted Payments.

     Declare or make, directly or indirectly, any Restricted Payment, except that:

     (a) the Borrower may declare and make dividend payments or other distributions payable
solely in the common stock or other Equity Interests of the Borrower;

     (b) the Borrower may declare and make dividend payments or other distributions in
respect of its Equity Interests to fund payments of interest on Indebtedness (other than
Disqualified Preferred Stock) of Holdings, or to fund payments of dividends on Disqualified
Preferred Stock issued by Holdings; provided, that, (i) any such Indebtedness or
Disqualified Preferred Stock is guaranteed by the Borrower, and (ii) the proceeds received
by Holdings from the issuance of such Indebtedness or Disqualified Preferred Stock shall
have been invested by Holdings in the Borrower (or used to refinance in full Indebtedness
(including any Disqualified Preferred Stock), the proceeds of which were previously invested
in the Borrower);

     (c) the Borrower may declare and make dividend payments or other distributions in
respect of its Equity Interests to fund payments and prepayments (whether optional or
mandatory) of principal of Indebtedness (other than Disqualified Preferred Stock) of
Holdings, and to fund payments of optional and mandatory redemptions in respect of
Disqualified Preferred Stock issued by Holdings, including the payment of any premium,
penalty or accreted value in connection therewith, provided that (i) any such
Indebtedness or Disqualified Preferred Stock is guaranteed by the Borrower and (ii) the
aggregate amount of such dividends and distributions made under this Section
8.06(c),

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together with the aggregate amount of intercompany advances made by the
Borrower or any Subsidiary to Holdings pursuant to Section 8.02(c), shall not, at
any time, exceed the sum of (y) the aggregate amount of investments made by Holdings in the
Borrower with the proceeds received by Holdings in respect of any issuance of Indebtedness
(including Disqualified Preferred Stock) by Holdings which is so guaranteed by the Borrower
and (z) the amount of any premium, penalty or accreted value payable in connection with such
payment, prepayment or redemption;

     (d) the Borrower may otherwise purchase, redeem, retire, acquire, or otherwise make any
payment on account of any return of capital in respect of, directly or indirectly, its own
Equity Interests and may declare and make dividend payments or other distributions thereon
(whether in cash, securities or property); provided that (i) no Default or Event of
Default shall have occurred and be continuing or result therefrom and (ii) the aggregate
amount of the sum (following the Closing Date) of (A) the Equity Interests of the Borrower
repurchased, redeemed, retired, acquired or otherwise receiving payments on account of any
return of capital by the Borrower plus (B) the amount of dividend
payments or distributions made by the Borrower in respect of its Equity Interests
(other than any dividend or distribution made pursuant to Section 8.06(a),
(b) or (c)) plus (C) the aggregate amount of Investments made by the
Borrower or any Subsidiary in Holdings (other than any intercompany advances made by the
Borrower or any Subsidiary pursuant to Section 8.02(b) or (c)), shall not
exceed an aggregate amount equal to the sum of $2,000,000,000 increased on a cumulative
basis as of the end of each fiscal quarter of the Borrower, commencing with the fiscal
quarter ending December 31, 2009 by an amount equal to 50% of Consolidated Net Income for
the fiscal quarter then ended (or, if such Consolidated Net Income for such quarter is a
deficit, less 50% of such deficit) plus an amount equal to 100% of the proceeds from any
issuances of Equity Interests by Holdings (provided the proceeds from such issuance
(or, without duplication, from any Equity Interests or Indebtedness of Holdings purchased,
redeemed or cancelled in conversion by virtue of such issuance) are (or were) invested in
the Borrower) subsequent to the Closing Date plus 100% of the proceeds from any issuances of
Indebtedness by Holdings (provided that (i) such Indebtedness is not guaranteed by
the Borrower and (ii) the proceeds from such issuance (or, without duplication, from any
Equity Interests or Indebtedness of Holdings purchased, redeemed or cancelled in conversion
by virtue of such issuance) are (or were) invested in the Borrower) subsequent to the
Closing Date plus 100% of the proceeds from any issuances of Equity Interests by the
Borrower (or, without duplication, from any Equity Interests or Indebtedness of the Borrower
purchased, redeemed or cancelled in conversion by virtue of such issuance) subsequent to the
Closing Date;

     (e) any Subsidiary may purchase, redeem, retire, acquire, or otherwise make any payment
on account of any return of capital in respect of directly or indirectly, any of its Equity
Interests; and

     (f) any Subsidiary may declare and make dividend payments or other distributions on or
in respect of its Equity Interests (whether in cash, securities or property);
provided that solely in the case of any dividend or distribution payable on or in
respect of any class or series of Equity Interests issued by a Non-Wholly Owned

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Subsidiary,
the Borrower or any other Subsidiary receives at least its pro rata share of such dividend
or distribution in accordance with its Equity Interests in such class or series of Equity
Interests, if any.

8.07 Transactions with Affiliates.

     (a) Enter into any transaction, including, without limitation, any purchase, sale, lease or
exchange of property or the rendering of any service, with any Affiliate (other than the Borrower
or any Subsidiary) unless such transaction is (i) not otherwise prohibited under this Agreement and
(ii) upon fair and reasonable terms no less favorable to the Borrower or such Subsidiary, as the
case may be, than it would obtain in a comparable arm’s length transaction with a Person which is
not an Affiliate.

     (b) In addition, notwithstanding the foregoing, the Borrower and its Subsidiaries shall be
entitled to make the following payments and/or to enter into the following transactions:

     (i) the payment of reasonable and customary fees and reimbursement of expenses payable
to directors of the Borrower and Holdings or to any Plan, Plan administrator or Plan
trustee;

     (ii) loans and advances to directors, officers and employees to the extent not
prohibited by Section 8.02;

     (iii) the arrangements with respect to the procurement of services of directors,
officers, independent contractors, consultants or employees in the ordinary course of
business and the payment of reasonable fees in connection therewith;

     (iv) transactions with Holdings not prohibited by this Agreement; and

     (v) payments to directors and officers of the Borrower and its Subsidiaries in respect
of the indemnification of such Persons in such respective capacities from and against any
and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses or disbursements, as the case may be, pursuant to the Organization Documents
or other corporate action of the Borrower or its Subsidiaries, respectively, or pursuant to
applicable law.

8.08 Financial Covenants.

     (a) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage
Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.0 to 1.0

     (b) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as of the end
of any fiscal quarter of the Borrower to be greater than 4.00 to 1.00.

     (c) Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio
as of the end of any fiscal quarter of the Borrower to be greater than 3.50 to 1.0.

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8.09 Intentionally Omitted.

8.10 Borrower Equity Interests.

     Holdings hereby agrees that it shall not create, incur, assume or suffer to exist any Lien
upon the Equity Interests in the Borrower other than Liens on Equity Interests in the Borrower
which secure Indebtedness of Holdings, the Borrower or any of its Subsidiaries not prohibited
hereunder, provided that the Administrative Agent, for the benefit of the holders of the
Obligations, shall have an equal and ratable Lien on such Equity Interests pursuant to
documentation (including intercreditor provisions) reasonably satisfactory to the Administrative
Agent.

8.11 Holdings.

     (a) Holdings shall not have outstanding or acquire any Investment in any Person other than (i)
Investments in the Equity Interests of the Borrower and Cash Equivalents and (ii) Investments in
any trust related to issuance of Indebtedness or Equity Interests.

     (b) Holdings shall not engage in any business activity or own any assets other than (i) its
ownership and voting of the Equity Interests of the Borrower and any trust related to any
Indebtedness or Equity Interests, (ii) the negotiation, execution, delivery of, and the performance
of its obligations under the Loan Documents to which it is a party and any instruments, documents
or other agreements related to such Indebtedness or Equity Interests, (iii) cash and Cash
Equivalents, (iv) any other Investments not prohibited by Section 8.11(a), (v) a guarantee
of Indebtedness or other obligations of the Borrower or any of its Subsidiaries, provided
that the guaranty of Holdings hereunder ranks at least pari passu in priority of payment with the
guarantee of such other Indebtedness or other obligations and (vi) its incurrence of any
Indebtedness and its performance of any obligations in connection therewith.

ARTICLE IX

EVENTS OF DEFAULT AND REMEDIES

9.01 Events of Default.

     Any of the following shall constitute an Event of Default:

     (a) Non-Payment. The Borrower or any other Loan Party shall fail to pay any
principal of any Loan or any L/C Obligation when due in accordance with the terms thereof or
hereof; or the Borrower or any Loan Party shall fail to pay any interest on any Loan or on
any L/C Obligation, or any other amount payable hereunder or under any other Loan Document,
within five days after any such interest or other amount becomes due in accordance with the
terms thereof or hereof;

     (b) Representations and Warranties. Any representation or warranty made or
deemed made by the Borrower or any other Loan Party herein or in any other Loan Document or
which is contained in any certificate, document or financial or other statement furnished by
it at any time under or in connection with this Agreement or any

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such other Loan Document
shall prove to have been incorrect in any material respect on or as of the date made or
deemed made;

     (c) Specific Covenants. The Borrower or any other Loan Party shall default in
the observance or performance of any agreement contained in Article VIII,
Section 7.03(a) or Section 4.01;

     (d) Other Defaults. The Borrower or any other Loan Party shall default in the
observance or performance of any other agreement contained in this Agreement or any other
Loan Document (other than as provided in paragraphs (a) through (c) of this Section), and
such default shall continue unremedied for a period of 30 days after notice thereof from the
Administrative Agent;

     (e) Cross-Default. Holdings, the Borrower or any of its Subsidiaries shall (i)
default (x) in any payment of principal of or interest of any Indebtedness (other than the
Loans, the L/C Obligations and any intercompany debt) or Swap Contract Obligations or (y) in
the payment of any Guarantee (excluding any guaranties of the Obligations), beyond the
period of grace, if any, provided in the instrument or agreement under which such
Indebtedness, Swap Contract Obligation or Guarantee was created; or (ii) default in the
observance or performance of any other agreement or condition relating to any such
Indebtedness, Swap Contract Obligation or Guarantee or contained in any instrument or
agreement evidencing, securing or relating thereto, or any other event shall occur or
condition exist, the effect of which default or other event or condition is to cause, or to
permit the holder or holders of such Indebtedness or beneficiary or beneficiaries of such
Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or
beneficiaries) to cause, with the giving of notice if required, such Indebtedness to become
due prior to its stated maturity or such Guarantee to become payable; provided,
however, that no Default or Event of Default shall exist under this paragraph unless
(i) the aggregate amount of Indebtedness, Swap Contract Obligations and/or Guarantees in
respect of which any default or other event or condition referred to in this paragraph shall
have occurred shall be equal to at least the Threshold Amount and (ii) such default (if
other than a payment default or a default that has resulted in acceleration of such other
Indebtedness) continues for a period in excess of 10 days;

     (f) Insolvency Proceedings, Etc. (i) Holdings, the Borrower or any of its
Subsidiaries (other than any Immaterial Subsidiary) shall commence any case, proceeding or
other action (A) under any existing or future law of any jurisdiction, domestic or foreign,
relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an
order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or
insolvent, or seeking reorganization, arrangement, adjustment, winding up, liquidation,
dissolution, composition or other relief with respect to it or its debts, or (B) seeking
appointment of a receiver, trustee, custodian, conservator or other similar official for it
or for all or any substantial part of its assets, or Holdings, the Borrower or any of its
Subsidiaries (other than any Immaterial Subsidiary) shall make a general assignment for the
benefit of its creditors; or (ii) there shall be commenced against Holdings, the Borrower or
any of its Subsidiaries (other than Immaterial Subsidiaries) any case, proceeding or other
action of a nature referred to in clause (i)

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above which (A) results in the entry of an
order for relief or any such adjudication or appointment or (B) remains undismissed,
undischarged or unbonded for a period of 60 days; or (iii) there shall be commenced against
Holdings, Borrower or any of its
Subsidiaries (other than any Immaterial Subsidiary) any case, proceeding or other
action seeking issuance of a warrant of attachment, execution, distraint or similar process
against all or any substantial part of its assets which results in the entry of an order for
any such relief which shall not have been vacated, discharged, or stayed or bonded pending
appeal within 60 days from the entry thereof; or (iv) Holdings, the Borrower or any of its
Subsidiaries (other than any Immaterial Subsidiary) shall take any action in furtherance of,
or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in
clause (i), (ii), or (iii) above; or (v) Holdings, the Borrower or any of its Subsidiaries
(other than any Immaterial Subsidiary) shall generally not, or shall be unable to, or shall
admit in writing its inability to, pay its debts as they become due;

     (g) ERISA. (i) Any Person shall engage in any “prohibited transaction” (as
defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan, (ii) any
violation of the minimum funding standards under Section 412 or 430 of the Code or Sections
302 or 303 of ERISA, whether or not waived, shall exist with respect to any Plan or any Lien
in favor of the PBGC or a Plan shall arise on the assets of the Borrower or any ERISA
Affiliate (iii) a Reportable Event shall occur with respect to, or proceedings shall
commence to have a trustee appointed, or a trustee shall be appointed, to administer or to
terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings
or appointment of a trustee is, in the reasonable opinion of the Required Lenders,
reasonably likely to result in the termination of such Plan for purposes of Title IV of
ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of ERISA, (v)
the Borrower or any ERISA Affiliate shall, or in the reasonable opinion of the Required
Lenders is likely to, incur any liability in connection with a withdrawal from, or the
Insolvency or Reorganization of, a Multiemployer Plan or (vi) any other similar event or
condition shall occur or exist with respect to a Plan that is not in the ordinary course;
and in each case in clauses (i) through (vi) above, such event or condition, together with
all other such events or conditions, if any, could reasonably be expected to have a Material
Adverse Effect;

     (h) Judgments. One or more judgments or decrees shall be entered against
Holdings, the Borrower or any of its Subsidiaries involving in the aggregate a liability
(not paid or fully covered by insurance (which coverage has been acknowledged by the
appropriate insurers)) of the Threshold Amount or more, and all such judgments or decrees
shall not have been vacated, discharged, stayed or bonded pending appeal within 60 days from
the entry thereof;

     (i) Guarantee. The Guarantee of any Loan Party under the Loan Documents shall
be held in any judicial proceeding to be unenforceable or invalid or shall cease for any
reason to be in full force and effect (unless released by the Administrative Agent at the
direction of all of the Lenders or as otherwise permitted under this Agreement or the other
Loan Documents), in each case, such that the result would be that the Borrower and its
Subsidiaries would no longer be in compliance with Section 7.08(c), or any Loan

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Party or any Person acting on behalf of any Loan Party, shall deny or disaffirm its
obligations under such Guarantee; or

     (j) Change of Control. There shall have occurred a Change of Control.

Each notice given with respect to the occurrence of any Default or Event of Default shall be
accompanied by a statement of a Responsible Officer setting forth details of the occurrence
referred to therein and stating what action the Borrower proposes to take with respect
thereto.

9.02 Remedies Upon Event of Default.

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

     (a) declare the commitment of each Lender to make Loans and any obligation of each L/C
Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and
obligation shall be terminated;

     (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued
and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan
Document to be immediately due and payable, without presentment, demand, protest or other
notice of any kind, all of which are hereby expressly waived by the Borrower;

     (c) require that the Borrower Cash Collateralize the L/C Obligations (in an amount
equal to the then Outstanding Amount thereof); and

     (d) exercise on behalf of itself and the Lenders all rights and remedies available to
it and the Lenders under the Loan Documents and applicable law;

provided, however, that upon the occurrence of an actual or deemed entry of an
order for relief with respect to the Borrower under the Bankruptcy Code of the United States, the
obligation of each Lender to make Loans and any obligation of each L/C Issuer to make L/C Credit
Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and
all interest and other amounts as aforesaid shall automatically become due and payable, and the
obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall
automatically become effective, in each case without further act of the Administrative Agent or any
Lender.

9.03 Application of Funds.

     After the exercise of remedies provided for in Section 9.02 (or after the Loans have
automatically become immediately due and payable and the L/C Obligations have automatically been
required to be Cash Collateralized as set forth in the proviso to Section 9.02), any
amounts received on account of the Obligations shall be applied by the Administrative Agent in the
following order:

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     First, to payment of that portion of the Obligations constituting fees, indemnities,
expenses and other amounts (including fees, charges and disbursements of counsel to the
Administrative Agent and amounts payable under Article III) payable to the Administrative
Agent in its capacity as such;

     Second, to payment of that portion of the Obligations constituting fees, indemnities
and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders
and each L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders
and each L/C Issuer and amounts payable under Article III), ratably among them in
proportion to the respective amounts described in this clause Second payable to them;

     Third, to payment of that portion of the Obligations constituting accrued and unpaid
Letter of Credit Fees and interest on the Loans, the Unreimbursed Amounts and other Obligations,
ratably among the Lenders and the L/C Issuers in proportion to the respective amounts described in
this clause Third payable to them;

     Fourth, to payment of that portion of the Obligations constituting unpaid principal of
the Loans and Unreimbursed Amounts and breakage, termination or other payments, any amounts owing
under or in respect of any Swap Contracts between any Loan Party and any Lender or any Affiliate of
a Lender, amounts due under any Treasury Management Agreement between any Loan Party and any Lender
or any Affiliate of a Lender, and to the Administrative Agent for the account of the applicable L/C
Issuer, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn
amount of Letters of Credit, ratably among the Lenders and the L/C Issuers in proportion to the
respective amounts described in this clause Fourth held by them; and

     Last, the balance, if any, after all of the Obligations have been paid in full in
cash, to the Borrower or as otherwise required by Law.

     Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn
amount of Letters of Credit pursuant to clause Fourth above shall be applied to satisfy
drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash
Collateral after all Letters of Credit have either been fully drawn or expired, such remaining
amount shall be applied to the other Obligations, if any, in the order set forth above.

ARTICLE X

ADMINISTRATIVE AGENT

10.01 Appointment and Authority.

     Each of the Lenders and the L/C Issuers hereby irrevocably appoint Bank of America to act on
its behalf as the Administrative Agent hereunder and under the other Loan Documents 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 or thereof, together with such actions
and powers as are reasonably incidental thereto. The provisions of this Article are solely for the
benefit of the Administrative Agent, the Lenders and the L/C Issuers, and neither
the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of
such provisions.

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10.02 Rights as a Lender.

     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 it were not the
Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated
or unless the context otherwise requires, include the Person serving as the Administrative Agent
hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from,
lend money to, act as the financial advisor or in any other advisory capacity for and generally
engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if
such Person were not the Administrative Agent hereunder and without any duty to account therefor to
the Lenders.

10.03 Exculpatory Provisions.

     The Administrative Agent shall not have any duties or obligations except those expressly set
forth herein and in the other Loan Documents. Without limiting the generality of the foregoing,
the Administrative Agent:

     (a) shall not be subject to any fiduciary or other implied duties, regardless of
whether a Default has occurred and is continuing;

     (b) shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated hereby
or by the other Loan Documents that the Administrative Agent is required to exercise as
directed in writing by the Required Lenders (or such other number or percentage of the
Lenders as shall be expressly provided for herein or in the other Loan Documents),
provided that the Administrative Agent shall not be required to take any action
that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to
liability or that is contrary to any Loan Document or applicable law; and

     (c) shall not, except as expressly set forth herein and in the other Loan Documents,
have any duty to disclose, and shall not be liable for the failure to disclose, any
information relating to the Borrower or any of its Affiliates that is communicated to or
obtained by the Person serving as the 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 (i) with
the consent or at the request of the Required Lenders (or such other number or percentage of the
Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be
necessary, under the circumstances as provided in Sections 11.01 and 9.02) or (ii)
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 notice describing such Default is
given to the Administrative Agent by the Borrower, a Lender or an L/C Issuer.

     The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire
into (i) any statement, warranty or representation made in or in connection with this Agreement or
any other Loan Document, (ii) the contents of any certificate, report or other document delivered
hereunder or thereunder or in connection herewith or therewith, (iii) the

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performance or observance
of any of the covenants, agreements or other terms or conditions set forth herein or therein or the
occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this
Agreement, any other Loan Document or any other agreement, instrument or document or (v) the
satisfaction of any condition set forth in Article V or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to the Administrative Agent.

10.04 Reliance by Administrative Agent.

     The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for
relying upon, any notice, request, certificate, consent, statement, instrument, document or other
writing (including any electronic message, Internet or intranet website posting or other
distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated
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 have been made by the proper Person, and shall not incur any
liability for relying thereon. In determining compliance with any condition hereunder to the
making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the
satisfaction of a Lender or an L/C Issuer, the Administrative Agent may presume that such condition
is satisfactory to such Lender or such L/C Issuer unless the Administrative Agent shall have
received notice to the contrary from such Lender or such L/C Issuer prior to the making of such
Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal
counsel (who may be counsel for the Borrower), independent accountants and other experts selected
by it, and shall not be liable for any action taken or not taken by it in accordance with the
advice of any such counsel, accountants or experts.

10.05 Delegation of Duties.

     The Administrative Agent may perform any and all of its duties and exercise its rights and
powers hereunder or under any other Loan Document 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 of its duties and exercise its rights and powers by or through their respective Related
Parties. The exculpatory provisions of this Article shall apply to any such sub agent and to the
Related Parties of the Administrative Agent and any such sub agent, and shall apply to their
respective activities in connection with the syndication of the credit facilities provided for
herein as well as activities as Administrative Agent.

10.06 Resignation of Administrative Agent.

     (a) The Administrative Agent may at any time give notice of its resignation to the Lenders,
the L/C Issuers and the Borrower. Upon receipt of any such notice of resignation, the Required
Lenders shall have the right, with the consent of the Borrower (not to be unreasonably withheld),
unless an Event of Default shall have occurred and is continuing, in which case the consent of the
Borrower shall not be required, to appoint a successor, which shall be a bank with an office in the
United States, or an Affiliate of any such bank with an office in the United States. If no such
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 and

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the L/C Issuers, appoint a
successor Administrative Agent meeting the qualifications set forth above subject to the consent of
the Borrower (not to be unreasonably withheld), unless an Event of Default shall have occurred and
is continuing, in which case the consent of the Borrower shall not be required; provided
that if the Administrative Agent shall notify the Borrower and the Lenders that no qualifying
Person has accepted such appointment or has been approved by the Borrower and the Lenders, then
such resignation shall nonetheless become effective in accordance with such notice and (1) the
retiring Administrative Agent shall be discharged from its duties and obligations hereunder and
under the other Loan Documents (except that in the case of any collateral security held by the
Administrative Agent on behalf of Lenders or the L/C Issuer under any of the Loan Documents, the
retiring Administrative Agent shall continue to hold such collateral security until such time as a
successor Administrative Agent is appointed) and (2) all payments, communications and
determinations provided to be made by, to or through the Administrative Agent shall instead be made
by or to each Lender and each L/C Issuer directly, until such time as the Required Lenders appoint
a successor Administrative Agent as provided for above in this Section. Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the retiring (or retired)
Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its
duties and obligations hereunder or under the other Loan Documents (if not already discharged
therefrom as provided above in this Section). 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 retiring Administrative Agent’s resignation
hereunder and under the other Loan Documents, the provisions of this Article and Section
11.04 shall continue in effect for the benefit of such retiring Administrative Agent, its sub
agents and their respective Related Parties in respect of any actions taken or omitted to be taken
by any of them while the retiring Administrative Agent was acting as Administrative Agent.

     (b) The Administrative Agent agrees that in the event it shall fail, in its capacity as a
Lender hereunder, to fund its portion of any Borrowing within three Business Days of the date on
which it shall have been required to fund same, unless such obligation is the subject of a good
faith dispute of which the Borrower has received written notice, for so long as the Administrative
Agent has not funded its portion of such Borrowing, it shall cooperate in good faith with efforts
initiated by the Required Lenders to replace it with a successor administrative agent that is
satisfactory to the Required Lenders and, unless an Event of Default shall have occurred and
is continuing, the Borrower (including resigning in connection with such replacement).

     (c) Any resignation by Bank of America as Administrative Agent pursuant to this Section shall
also constitute its resignation as an L/C Issuer and Swing Line Lender. Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the resigning Administrative
Agent as an L/C Issuer and the Swing Line Lender, (b) the resigning Administrative Agent shall be
discharged from all of its respective duties and obligations as an L/C Issuer and the Swing Line
Lender hereunder or under the other Loan Documents, and (c) the other L/C Issuers shall issue
letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of
such succession or make other arrangements satisfactory to the retiring L/C Issuer to effectively
assume the obligations of the retiring L/C Issuer with respect to such Letters of Credit.

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10.07 Non Reliance on Administrative Agent and Other Lenders.

     Each Lender and each L/C Issuer acknowledges that it has, independently and without reliance
upon the Administrative Agent or any other Lender or any of their Related Parties 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 and each L/C Issuer also acknowledges that it will,
independently and without reliance upon the Administrative Agent or any other Lender or any of
their Related Parties 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 other Loan Document or any related agreement or any document furnished
hereunder or thereunder.

10.08 No Other Duties, Etc.

     Anything herein to the contrary notwithstanding, none of the Syndication Agent, Joint Book
Running Managers or Joint Lead Arrangers listed on the cover page hereof shall have any powers,
duties or responsibilities under this Agreement or any of the other Loan Documents, except in its
capacity, as applicable, as the Administrative Agent, a Lender, an L/C Issuer or the Swing Line
Lender hereunder.

10.09 Administrative Agent May File Proofs of Claim.

     In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any
Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C
Obligation shall then be due and payable as herein expressed or by declaration or otherwise and
irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall
be entitled and empowered, by intervention in such proceeding or otherwise

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

     (b) to collect and receive any monies or other property payable or deliverable on any
such claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender and each L/C Issuer to make
such payments to the Administrative Agent and, in the event that the Administrative Agent shall
consent to the making of such payments directly to the Lenders and the applicable L/C Issuer, to
pay to the Administrative Agent any amount due for the reasonable compensation, expenses,

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disbursements and advances of the Administrative Agent and its agents and counsel, and any other
amounts due the Administrative Agent under Sections 2.09 and 11.04.

     Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or
consent to or accept or adopt on behalf of any Lender or any L/C Issuer any plan of reorganization,
arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to
authorize the Administrative Agent to vote in respect of the claim of any Lender in any such
proceeding.

10.10 Guaranty Matters.

     The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent to release any
Guarantor from its obligations under the Guaranty (i) if such Person ceases to be a Subsidiary as a
result of a transaction permitted hereunder, (ii) if requested by the Borrower pursuant to
Section 7.08(b), or (iii) following the Guaranty Release Date.

ARTICLE XI

MISCELLANEOUS

11.01 Amendments, Etc.

     No amendment or waiver of any provision of this Agreement or any other Loan Document, and no
consent to any departure by the Borrower or any other Loan Party therefrom, shall be effective
unless in writing signed by the Required Lenders and the Borrower or the applicable Loan Party, as
the case may be, and acknowledged by the Administrative Agent, and each such waiver or consent
shall be effective only in the specific instance and for the specific purpose for which given;
provided, however, that no such amendment, waiver or consent shall:

     (a) extend or increase the Commitment of any Lender (or reinstate any Commitment
terminated pursuant to Section 2.06 or Section 9.02) without the written
consent of such Lender;

     (b) postpone any date fixed by this Agreement or any other Loan Document for any
payment (excluding mandatory prepayments) of principal, interest, fees or other amounts due
to the Lenders (or any of them) without the written consent of each Lender directly affected
thereby;

     (c) reduce the principal of, or the rate of interest specified herein on, any Loan or
any Unreimbursed Amount, or (subject to clause (iv) of the second proviso to this
Section 11.01) any fees or other amounts payable hereunder or under any other Loan
Document without the written consent of each Lender directly affected thereby;
provided, however, that only the consent of the Required Lenders shall be
necessary to amend the definition of “Default Rate” or to waive any obligation of the
Borrower to pay interest or Letter of Credit Fees at the Default Rate;

     (d) amend Section 1.08 or the definition of “Alternative Currency” without the
written consent of each L/C Issuer;

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     (e) amend Section 2.13 in a manner that would alter the pro rata sharing of
payment required thereby without the written consent of each Lender;

     (f) prior to the Guaranty Release Date, release all or substantially all of the
Guarantors from its or their obligations under the Loan Documents without the written
consent of each Lender directly affected thereby; or

     (g) change any provision of this Section or the definition of “Required Lenders” or any
other provision hereof specifying the number or percentage of Lenders required to amend,
waive or otherwise modify any rights hereunder or make any determination or grant any
consent hereunder without the written consent of each Lender (it being understood and agreed
that notwithstanding this clause (f), with only the consent of the Required Lenders, (i)
additional tranches of loans may be added hereunder and included in the determination of the
Required Lenders and (ii) this Section 11.01 may be amended to permit class voting
in connection with such tranches);

and, provided further, that (i) no amendment, waiver or consent shall, unless in
writing and signed by the applicable L/C Issuer in addition to the Lenders required above, affect
the rights or duties of the applicable L/C Issuer under this Agreement or any Issuer Document
relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent
shall, unless in writing and signed by the Swing Line Lender in addition to the Lenders required
above, affect the rights or duties of the Swing Line Lender under this Agreement; (iii) no
amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in
addition to the Lenders required above, affect the rights or duties of the Administrative Agent
under this Agreement or any other Loan Document; and (iv) the Fee Letter may be amended, or rights
or privileges thereunder waived, in a writing executed only by the parties thereto.
Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to
approve or
disapprove any amendment, waiver or consent hereunder, except that (i) the Commitment of such
Defaulting Lender may not be increased or extended without the consent of such Defaulting Lender,
(ii) any date fixed by this Agreement or any other Loan Document for the payment (excluding
mandatory prepayments) of principal or interest due to a Defaulting Lender may not be postponed
without (A) the consent of such Defaulting Lender or (B) in connection with the extension of
payments of principal or interest which impact all Lenders, the consent of all other Lenders
entitled to vote, (iii) the principal of, and the rate of interest specified herein on, any Loan or
Unreimbursed Amount due to a Defaulting Lender may not be reduced without (A) the consent of such
Defaulting Lender or (B) in connection with a reduction of the rate of interest specified herein on
any Loan or Unreimbursed Amount which impacts all Lenders, the consent of all other Lenders
entitled to vote or (iv) this last sentence of Section 11.01 shall not be amended without
the consent of any Lender that is a Defaulting Lender at the time of such amendment.

11.02 Notices; Effectiveness; Electronic Communication.

     (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and except as provided in subsection (b) below), all
notices and other communications provided for herein shall be in writing and shall be delivered by
hand or overnight courier service, mailed by certified or registered mail or sent by

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telecopier as
follows, and all notices and other communications expressly permitted hereunder to be given by
telephone shall be made to the applicable telephone number, as follows:

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

     (ii) if to any other Lender, to the address, telecopier number, electronic mail address
or telephone number specified in its Administrative Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall
be deemed to have been given when received; notices sent by telecopier shall be deemed to have been
given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next business day for the recipient).
Notices delivered through electronic communications to the extent provided in subsection (b) below,
shall be effective as provided in such subsection (b).

     (b) Electronic Communications. The Lenders and the L/C Issuers agree that the
Administrative Agent may deliver notices and other communications to the Lenders and the L/C
Issuers hereunder by electronic communication (including e mail and Internet or intranet websites)
pursuant to procedures approved by the Administrative Agent, provided that the foregoing
shall not apply to notices to any Lender or any L/C Issuer pursuant to Article II if such
Lender or such L/C Issuer, as applicable, has notified the Administrative Agent that it is
incapable of receiving notices under such Article by electronic communication. The Administrative
Agent 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.

     Unless the Administrative Agent otherwise prescribes, (i) notices and other communications
from the Administrative Agent to the Lenders and the L/C Issuers sent to an e mail address shall be
deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such
as by the “return receipt requested” function, as available, return e mail or other written
acknowledgement), provided that if such notice or other communication is not sent during
the normal business hours of the recipient, such notice or communication shall be deemed to have
been sent at the opening of business on the next business day for the recipient, and (ii) notices
or communications posted to an Internet or intranet website shall be deemed received upon the
deemed receipt by the intended recipient at its e mail address as described in the foregoing clause
(i) of notification that such notice or communication is available and identifying the website
address therefor.

     (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF ANY MATERIALS AND/OR
INFORMATION MADE AVAILABLE TO THE AGENT PARTIES BY THE BORROWER (THE “BORROWER MATERIALS”) OR THE
ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE
BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR

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STATUTORY, INCLUDING ANY WARRANTY
OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON INFRINGEMENT OF THIRD PARTY RIGHTS OR
FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE
BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its
Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower, any Lender,
any L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind
(whether in tort, contract or otherwise) arising out of the Borrower’s transmission or the
Administrative Agent’s transmission of the items delivered by the Borrower to the Administrative
Agent pursuant to Section 7.01, Section 7.02 or Section 7.03 or any other
materials and/or information delivered at the request of the Borrower through the Internet, except
to the extent that such losses, claims, damages, liabilities or expenses result from the gross
negligence or willful misconduct of such Agent Party; provided, however, that in no
event shall any Agent Party have any liability to the Borrower, any Lender, any L/C Issuer or any
other Person for indirect, special, incidental, consequential or punitive damages (as opposed to
direct or actual damages).

     (d) Change of Address, Etc. Each of the Borrower, the Administrative Agent, the L/C
Issuer and the Swing Line Lender may change its address, telecopier or telephone number for notices
and other communications hereunder by notice to the other parties hereto. Each other Lender may
change its address, telecopier or telephone number for notices and other communications hereunder
by notice to the Borrower, the Administrative Agent, the L/C Issuer and the Swing Line Lender. In
addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that
the Administrative Agent has on record (i) an effective address, contact name, telephone number,
telecopier number and electronic mail address to which notices and other communications may be sent
and (ii) accurate wire instructions for such Lender.

     (e) Reliance by Administrative Agent, L/C Issuer and Lenders. The Administrative
Agent, the L/C Issuers and the Lenders shall be entitled to rely and act upon any notices
(including telephonic Revolving Loan Notices and Swing Line Loan Notices) from a Responsible
Officer of the Borrower even if (i) such notices were not made in a manner specified herein, were
incomplete or were not preceded or followed by any other form of notice specified herein, or (ii)
the terms thereof, as understood by the recipient, varied from any confirmation thereof. All
telephonic notices to and other telephonic communications with the Administrative Agent may be
recorded by the Administrative Agent, and each of the parties hereto hereby consents to such
recording.

11.03 No Waiver; Cumulative Remedies.

     No failure by any Lender, any L/C Issuer or the Administrative Agent to exercise, and no delay
by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as
a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege
hereunder preclude any other or further exercise thereof or the exercise of any other right,
remedy, power or privilege. The rights, remedies, powers and privileges herein provided are
cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

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11.04 Expenses; Indemnity; Damage Waiver.

     (a) Costs and Expenses. The Borrower shall pay (i) all reasonable out of pocket
expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees,
charges and disbursements of counsel for the Administrative Agent), in connection with the
syndication of the credit facilities provided for herein, the preparation, negotiation, execution,
delivery and administration of this Agreement and the other Loan Documents or any amendments,
modifications or waivers of the provisions hereof or thereof (whether or not the transactions
contemplated hereby or thereby shall be consummated), (ii) all reasonable out of pocket expenses
incurred by the applicable L/C Issuer in connection with the issuance, amendment, renewal or
extension of any Letter of Credit or any demand for payment thereunder, (iii) all reasonable out of
pocket expenses incurred by the Administrative Agent, any Lender or any L/C Issuer (including the
reasonable fees, charges and disbursements of any counsel for the Administrative Agent, any Lender
or any L/C Issuer), in connection with the enforcement or protection of its rights (A) in
connection with this Agreement and the other Loan Documents, including its rights under this
Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including
all such out of pocket expenses incurred during any workout, restructuring or negotiations in
respect of such Loans or Letters of Credit, and (iv) any civil penalty or fine imposed upon the
Administrative Agent, any Lender or any L/C Issuer, and all reasonable costs and expenses
(including the reasonable fees, charges and disbursements of any counsel for the Administrative
Agent, any Lender or any L/C Issuer) incurred in connection with the defense thereof, as a result
of any conduct of the Borrower that violates a sanction enforced by the United States Treasury
Department Office of Foreign Assets Control.

     (b) Indemnification by the Borrower. The Borrower shall indemnify the Administrative
Agent, each Lender, each Joint Lead Arranger, each Joint Book Running Manager, the Syndication
Agent and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person
being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all
losses, claims, damages, liabilities and related expenses (including the reasonable fees, charges
and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each
Indemnitee from all reasonable fees and time charges and disbursements for attorneys who may be
employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any
third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a
result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement
or instrument contemplated hereby or thereby, the performance by the parties hereto of their
respective obligations hereunder or thereunder, the consummation of the transactions contemplated
hereby or thereby, or, in the case of the Administrative Agent and its Related Parties only, the
administration of this Agreement and the other Loan Documents and/or the syndication of the
facilities contemplated by this Agreement, (ii) any Loan or Letter of Credit or the use or proposed
use of the proceeds therefrom (including any refusal by the applicable L/C Issuer to honor a demand
for payment under a Letter of Credit if the documents presented in connection with such demand do
not strictly comply with the terms of such Letter of Credit), and (iii) any violation of,
noncompliance with or liability under, any Environmental Law applicable to the operations of the
Borrower, any of its Subsidiaries or any of the Properties (all the foregoing, collectively, the
“indemnified liabilities”), it being understood that the Borrower shall have an obligation
hereunder to any Lender, the L/C Issuer or the Administrative Agent with respect to any indemnified
liabilities

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incurred by the Administrative Agent, any L/C Issuer or any Lender as a result of any
Materials of Environmental Concern that are first manufactured, emitted, generated, treated,
released, spilled, stored or disposed of on, at or from any property or any violation of any
Environmental Law, which in any case first occurs on or with respect to such property (x) after the
property is transferred to the Administrative Agent, any L/C Issuer or any Lender or their
successors or assigns by foreclosure sale, deed in lieu of foreclosure, or similar transfer or,
following such transfer and (y) in connection with, but prior to, the sale, leasing or other
transfer of such property by the Administrative Agent, any L/C Issuer, or any Lender or their
successors or assigns to one or more third parties; provided, however, that the
Borrower shall have no obligation hereunder to an Indemnitee with respect to otherwise indemnified
liabilities arising from the gross negligence or willful misconduct of such Indemnitee, or with
respect to otherwise indemnified liabilities following the sale, leasing or other transfer of such
property to one or more third parties.

     (c) Reimbursement by Lenders. To the extent that the Borrower for any reason fails to
indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it
to the Administrative Agent, any L/C Issuer or any Related Party of any of the foregoing, each
Lender severally agrees to pay to the Administrative Agent, such L/C Issuer or such Related Party,
as the case may be, such Lender’s Applicable Percentage (determined as of the time that the
applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount,
provided that the unreimbursed expense or indemnified loss, claim, damage, liability or
related expense, as the case may be, was incurred by or asserted against the Administrative Agent
or any L/C Issuer in its capacity as such, or against any Related Party of any of the foregoing
acting for
the Administrative Agent or any L/C Issuer in connection with such capacity. The obligations
of the Lenders under this subsection (c) are subject to the provisions of Section 2.12(d).

     (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable law, the Loan Parties shall not assert, and hereby waive, any claim against any
Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages
(as opposed to direct or actual damages) arising out of, in connection with, or as a result of,
this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the
transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the
proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any
damages arising from the use by unintended recipients of any information or other materials
distributed by it through telecommunications, electronic or other information transmission systems
to the extent permitted by this Agreement or the other Loan Documents or the transactions
contemplated hereby or thereby.

     (e) Indemnification of Agent by Lenders. To the extent required by any applicable
Law, the Administrative Agent may withhold from any payment to any Lender or L/C Issuer an amount
equivalent to any applicable withholding Taxes. If the Internal Revenue Service or any other
Governmental Authority of the United States or other jurisdiction asserts a claim that the
Administrative Agent did not properly withhold Taxes from amounts paid to or for the account of any
Lender or L/C Issuer (because the appropriate form was not delivered, was not properly executed, or
because such Lender or L/C Issuer failed to notify the Administrative Agent of a change in
circumstances which rendered the exemption from, or reduction of, withholding Taxes ineffective, or
for any other reason), or the Administrative Agent has paid over to the Internal

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Revenue Service or
other Governmental Authority applicable withholding Taxes relating to a payment to a Lender or L/C
Issuer but no deduction has been made from such payment, such Lender or L/C Issuer shall indemnify
and hold the Administrative Agent harmless for all amounts paid, directly or indirectly, by the
Administrative Agent, as Taxes or otherwise, including penalties and interest, and including any
Taxes imposed by any jurisdiction on the amounts payable to the Administrative Agent under this
Section 11.04, together with all costs and expenses (including attorneys fees and
expenses). The obligation of the Lenders and any L/C Issuer under this subsection shall survive
the payment of all Obligations and the resignation or replacement of the Administrative Agent

     (f) Payments. All amounts due under this Section 11.04 shall be payable not
later than ten Business Days after demand therefor.

     (g) Survival. The agreements in this Section 11.04 shall survive the
resignation of the Administrative Agent and any L/C Issuer, the replacement of any Lender, the
termination of the Aggregate Revolving Commitments and the repayment, satisfaction or discharge of
all the other Obligations.

11.05 Payments Set Aside.

     To the extent that any payment by or on behalf of the Borrower is made to the Administrative
Agent, any L/C Issuer or any Lender, or the Administrative Agent, any L/C Issuer or any Lender
exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof
is subsequently invalidated, declared to be fraudulent or preferential, set aside or required
(including pursuant to any settlement entered into by the Administrative Agent, such L/C Issuer or
such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in
connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of
such recovery, the obligation or part thereof originally intended to be satisfied shall be revived
and continued in full force and effect as if such payment had not been made or such setoff had not
occurred, and (b) each Lender and each L/C Issuer severally agrees to pay to the Administrative
Agent upon demand its applicable share (without duplication) of any amount so recovered from or
repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date
such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in
effect. The obligations of the Lenders and each L/C Issuer under clause (b) of the preceding
sentence shall survive the payment in full of the Obligations and the termination of this
Agreement.

11.06 Successors and Assigns.

     (a) Successors and Assigns Generally. The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that neither the Borrower nor any other Loan Party may assign or
otherwise transfer any of its rights or obligations hereunder without the prior written consent of
the Administrative Agent and each Lender, except pursuant to a merger or consolidation permitted by
Section 8.04(c), and no Lender may assign or otherwise transfer any of its rights or
obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of
subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of

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subsection (d) of this Section, (iii) by way of pledge or assignment of a security interest subject
to the restrictions of subsection (f) of this Section (and any other attempted assignment or
transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties hereto, their
respective successors and assigns permitted hereby, Participants to the extent provided in
subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related
Parties of each of the Administrative Agent, the L/C Issuers and the Lenders) any legal or
equitable right, remedy or claim under or by reason of this Agreement.

     (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible
Assignees all or a portion of its rights and obligations under this Agreement (including all or a
portion of its Commitment and the Loans (including for purposes of this subsection (b),
participations in L/C Obligations and in Swing Line Loans) at the time owing to it);
provided that

     (i) except in the case of an assignment of the entire remaining amount of the assigning
Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to
a Lender or an Affiliate of a Lender, the aggregate amount of the
Revolving Commitment (which for this purpose includes Revolving Loans outstanding
thereunder) or, if the Revolving Commitments are not then in effect, the outstanding
principal balance of the Revolving 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 or, if “Trade Date” is specified in the
Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless
each of the Administrative Agent and, so long as no Event of Default has occurred and is
continuing, the Borrower otherwise consents (each such consent not to be unreasonably
withheld or delayed); provided, that after giving effect to any assignment of
Revolving Commitments, so long as no Event of Default has occurred and is continuing,
neither the assignor nor the assignee shall have a Revolving Commitment (if it has any
Revolving Commitment) of less than $10,000,000 unless the Borrower otherwise consents;

     (ii) any assignment must be approved by the Administrative Agent, all L/C Issuers, and
the Swing Line Lender (each such consent not to be unreasonably withheld or delayed), unless
the Person that is the proposed assignee is itself a Lender (whether or not the proposed
assignee would otherwise qualify as an Eligible Assignee); and

     (iii) 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, and the Eligible Assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire.

Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c)
of this Section, from and after the effective date specified in each Assignment and Assumption, the
Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest
assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the

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extent of the interest assigned by
such Assignment and Assumption, be released from its obligations under this Agreement (and, in the
case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations
under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be
entitled to the benefits of Sections 3.01, 3.04, 3.05, and 11.04
with respect to facts and circumstances occurring prior to the effective date of such assignment.
Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee
Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that
does not comply with this subsection shall be treated for purposes of this Agreement as a sale by
such Lender of a participation in such rights and obligations in accordance with subsection (d) of
this Section.

     (c) Register. The Administrative Agent, acting solely for this purpose as an agent of
the Borrower, shall maintain at the Administrative Agent’s Office a copy of each Assignment and
Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amounts of the Loans and L/C Obligations owing to,
each Lender pursuant to the terms hereof from time to time (the “Register”). The entries
in the Register shall be conclusive, and the Borrower, the Administrative Agent and the Lenders may
treat each Person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the
contrary. The Register shall be available for inspection by each of the Borrower and the L/C
Issuers at any reasonable time and from time to time upon reasonable prior notice. In addition, at
any time that a request for a consent for a material or substantive change to the Loan Documents is
pending, any Lender may request and receive from the Administrative Agent a copy of the Register.

     (d) Participations. Any Lender may at any time, without the consent of, or notice to,
the Borrower or the Administrative Agent, sell participations to any Person (other than a natural
person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this
Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s
participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i)
such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations and
(iii) the Borrower, the Administrative Agent, the Lenders and the L/C Issuers shall continue to
deal solely and directly with such Lender in connection with such Lender’s rights and obligations
under this Agreement.

     Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, waiver or other modification described in the first proviso to
Section 11.01 that affects such Participant. Subject to subsection (e) of this Section,
the Borrower agrees that each Participant shall be entitled to the benefits of Sections
3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired
its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by
law, each Participant also

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shall be entitled to the benefits of Section 11.08 as though it
were a Lender, provided such Participant agrees to be subject to Section 2.13 as though it
were a Lender.

     (e) Limitations upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Section 3.01, 3.04 or 3.05 than the
applicable Lender would have been entitled to receive with respect to the participation sold to
such Participant, unless the sale of the participation to such Participant is made with the
Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender
shall not be entitled to the benefits of Section 3.01 unless the Borrower is notified of
the participation sold to such Participant and such Participant agrees, for the benefit of the
Borrower, to comply with Section 3.01(e) as though it were a Lender and the participation
is recorded in a register maintained by the applicable Lender in the same manner as an assignment.

     (f) Certain Pledges. Any Lender may at any time pledge or assign a security interest
in all or any portion of its rights under this Agreement (including under its Note, if any) to
secure obligations of such Lender, including any pledge or assignment to secure obligations to a
Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender
from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as
a party hereto.

     (g) [Intentionally Omitted].

     (h) Resignation as L/C Issuer or Swing Line Lender after Assignment. Notwithstanding
anything to the contrary contained herein, if at any time Bank of America or any other L/C Issuer
assigns all of its Commitment and Loans pursuant to subsection (b) above, (i) Bank of America or
any such L/C Issuer may, upon 30 days’ notice to the Borrower and the Lenders, resign as an L/C
Issuer and/or (ii) Bank of America may, upon 30 days’ notice to the Borrower, resign as Swing Line
Lender. In the event of any such resignation as an L/C Issuer or Swing Line Lender, the Borrower
shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender
hereunder; provided, however, that no failure by the Borrower to appoint any such
successor shall affect the resignation of Bank of America or any other L/C Issuer as an L/C Issuer
or the resignation of Bank of America as Swing Line Lender, as the case may be. If Bank of America
or any other L/C Issuer resigns as an L/C Issuer, it shall retain all the rights, powers,
privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit outstanding
as of the effective date of its resignation as an L/C Issuer and all L/C Obligations with respect
thereto (including the right to require the Lenders to fund risk participations in Unreimbursed
Amounts pursuant to Section 2.03(c)). If Bank of America resigns as Swing Line Lender, it
shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing
Line Loans made by it and outstanding as of the effective date of such resignation, including the
right to require the Lenders to fund risk participations in outstanding Swing Line Loans pursuant
to Section 2.04(c). Upon the appointment of a successor L/C Issuer and/or Swing Line
Lender, (a) such successor shall succeed to and become vested with all of the rights, powers,
privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the case may be, and (b)
the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit,
if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank
of America or such other L/C Issuer, as the case may be, to effectively assume the obligations of
Bank of America with respect to such Letters of Credit.

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     (i) Participant Register. Each Lender that sells a participation shall maintain a
register on which it enters the name and address of each Participant and the principal amounts (and
stated interest) of each Participant’s interest in the Loans or other obligations under this
Agreement (the “Participant Register”). The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each person whose name is recorded in
the Participant Register as the owner of such participation for all purposes of this Agreement
notwithstanding any notice to the contrary.

11.07 Treatment of Certain Information; Confidentiality.

     Each of the Administrative Agent, the Lenders and the L/C Issuers agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a)
to its Affiliates and to its and its Affiliates’ respective partners, directors, officers,
employees, agents, advisors and representatives (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
purporting to have jurisdiction over it (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 hereto, (e)
in connection with the exercise of any remedies hereunder or under any other Loan Document or any
action or proceeding relating to this Agreement or any other Loan Document or the enforcement of
rights hereunder or thereunder, (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 any
Eligible Assignee invited to be a Lender pursuant to Section 2.14(c) or (ii) any actual or
prospective counterparty (or its advisors) to any swap or derivative transaction relating to the
Borrower and its obligations, (g) with the consent of the Borrower or (h) to the extent such
Information (x) becomes publicly available other than as a result of a breach of this Section or
(y) becomes available to the Administrative Agent, any Lender, any L/C Issuer or any of their
respective Affiliates on a nonconfidential basis from a source other than the Borrower.

     For purposes of this Section, “Information” means all information received from the
Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any of their respective
businesses, other than any such information that is available to the Administrative Agent, any
Lender or any L/C Issuer on a nonconfidential basis prior to disclosure by the Borrower or any
Subsidiary, provided that, in the case of information received from the Borrower or any
Subsidiary after the Closing Date, such information is clearly identified at the time of delivery
as confidential. Any Person required to maintain the confidentiality of Information as provided in
this Section shall be considered to have complied with its obligation to do so if such Person has
exercised the same degree of care to maintain the confidentiality of such Information as such
Person would accord to its own confidential information.

     Each of the Administrative Agent, the Lenders and the L/C Issuers acknowledges that (a) the
Information may include material non public information concerning the Borrower or a Subsidiary, as
the case may be, (b) it has developed compliance procedures regarding the use of material non
public information and (c) it will handle such material non public information in accordance with
applicable Law, including Federal and state securities Laws.

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11.08 Right of Setoff.

     Upon any amount becoming due and payable by the Borrower hereunder (whether at stated
maturity, by acceleration or otherwise), each Lender, each L/C Issuer and each of their respective
Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted
by applicable law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final, in whatever currency) at any time held and other obligations (in whatever
currency) at any time owing by such Lender, such L/C Issuer or any such Affiliate to or for the
credit or the account of the Borrower or any other Loan Party against any and all of the
obligations of the Borrower or such Loan Party now or hereafter existing under this Agreement or
any other Loan Document to such Lender or such L/C Issuer, irrespective of whether or not such
Lender or such L/C Issuer shall have made any demand under this Agreement or any other Loan
Document and although such obligations of the Borrower or such Loan Party are owed to a branch or
office of such Lender or such L/C Issuer different from the branch or office holding
such deposit or obligated on such Indebtedness. The rights of each Lender, each L/C Issuer
and their respective Affiliates under this Section are in addition to other rights and remedies
(including other rights of setoff) that such Lender, such L/C Issuer or their respective Affiliates
may have. Each Lender and each L/C Issuer agrees to notify the Borrower and the Administrative
Agent promptly after any such setoff and application, provided that the failure to give
such notice shall not affect the validity of such setoff and application.

11.09 Interest Rate Limitation.

     Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or
agreed to be paid under the Loan Documents shall not exceed the maximum rate of non usurious
interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or
any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest
shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to
the Borrower. In determining whether the interest contracted for, charged, or received by the
Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted
by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or
premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c)
amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest
throughout the contemplated term of the Obligations hereunder.

11.10 Counterparts; Integration; Effectiveness.

     This Agreement may be executed in counterparts (and by different parties hereto in different
counterparts), each of which shall constitute an original, but all of which when taken together
shall constitute a single contract. This Agreement and the other Loan Documents 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 5.01, 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 that, when taken together, bear the signatures of each of the other
parties hereto. Delivery of an executed counterpart of a signature

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page of this Agreement by
telecopy shall be effective as delivery of a manually executed counterpart of this Agreement.

11.11 Survival of Representations and Warranties.

     All representations and warranties made hereunder and in any other Loan Document or other
document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive
the execution and delivery hereof and thereof. Such representations and warranties have been or
will be relied upon by the Administrative Agent and each Lender, regardless of any investigation
made by the Administrative Agent or any Lender or on their behalf and
notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge
of any Default at the time of any Credit Extension, and shall continue in full force and effect as
long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter
of Credit shall remain outstanding.

11.12 Severability.

     If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid
or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this
Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the
parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of
the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

11.13 Replacement of Lenders.

     (a) If any Lender requests compensation under Section 3.04, or (b) 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 3.01, or 3.04(a) or (b), or (c) if any
Lender is subject to illegality under Section 3.02, or (d) if any Lender is a Defaulting
Lender or (e) if any Lender becomes a Nonconsenting Lender (as hereinafter defined), or (f) the
rating of any such Lender is dropped below BBB- or the equivalent by one of the Ratings Agencies,
then, in the case of clauses (a) through (e), the Borrower, and in the case of clauses (d) and (f),
the Administrative Agent, may, at its sole expense and effort, upon notice to such Lender and the
Administrative Agent or the Borrower, as applicable, require such Lender to assign and delegate,
without recourse (in accordance with and subject to the restrictions contained in, and consents
required by, Section 11.06), all of its interests, rights and obligations under this
Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations
(which Eligible Assignee may be another Lender, if a Lender accepts such assignment),
provided that:

     (i) the Administrative Agent shall have received the assignment fee specified in
Section 11.06(b);

     (ii) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all
other amounts payable to it hereunder and under the other Loan Documents

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(including any
amounts under Section 3.05) 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);

     (iii) in the case of any such assignment resulting from a claim for compensation under
Section 3.04 or payments required to be made pursuant to Section 3.01, such
assignment will result in a reduction in such compensation or payments thereafter;

     (iv) such assignment does not conflict with applicable Laws;

     (v) in the event of a replacement of a Nonconsenting Lender or a Lender to which the
Borrower becomes obligated to pay additional amounts under one of the sections described
above, in order for the Borrower to be entitled to replace such a Lender, such replacement
must take place no later than 180 days after (i) the date the Nonconsenting Lender shall
have notified the Borrower and the Administrative Agent of its failure to agree to any
requested consent, waiver or amendment or (ii) the Lender shall have demanded payment of
additional amounts under one of the sections described above, as the case may be. In the
event that (x) the Borrower or the Administrative Agent has requested the Lenders to consent
to a departure or waiver of any provisions of the Loan Documents or to agree to any
amendment thereto, (y) the consent, waiver or amendment in question requires the agreement
of all Lenders in accordance with the terms of Section 11.01 and (z) the Required
Lenders have agreed to such consent, waiver or amendment, then any Lender who does not agree
to such consent, waiver or amendment shall be deemed a “Nonconsenting Lender”; and

     (vi) in the event of a replacement of a Nonconsenting Lender, after giving effect to
the replacement of all Nonconsenting Lenders, all Lenders shall have consented to the
subject consent, waiver or amendment.

     A Lender shall not be required to make any such assignment or 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.

11.14 Governing Law; Jurisdiction; Etc.

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

     (b) SUBMISSION TO JURISDICTION. THE BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY
AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE
COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY AND OF THE UNITED STATES DISTRICT COURT OF
THE SOUTHERN DISTRICT, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR
ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES
THAT ALL

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CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW
YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE 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 OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY
RIGHT THAT THE ADMINISTRATIVE AGENT,
ANY LENDER OR ANY L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ANY OTHER LOAN PARTY OR ITS
PROPERTIES IN THE COURTS OF ANY JURISDICTION.

     (c) WAIVER OF VENUE. THE BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY AND
UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT
MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT 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 APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION
OR PROCEEDING IN ANY SUCH COURT.

     (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES IN SECTION 11.02. NOTHING IN THIS AGREEMENT WILL AFFECT
THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

11.15 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY 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 ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY
HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON 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 AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

11.16 Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including in
connection with any amendment, waiver or other

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modification hereof or of any other Loan Document),
the Borrower and each other Loan Party acknowledges and agrees, and acknowledges its Affiliates’
understanding, that: (i)(A) the arranging and other services regarding this Agreement provided by
the Administrative Agent, each Joint Lead Arranger, each Joint Book Running Manager and the
Syndication Agent are arm’s-length commercial transactions between the Borrower, each other Loan
Party and their respective Affiliates, on the
one hand, and the Administrative Agent, each Joint Lead Arranger, each Joint Book Running
Manager and the Syndication Agent, on the other hand, (B) each of the Borrower and the other Loan
Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has
deemed appropriate, and (C) the Borrower and each other Loan Party is capable of evaluating, and
understands and accepts, the terms, risks and conditions of the transactions contemplated hereby
and by the other Loan Documents; (ii)(A) the Administrative Agent, each Joint Lead Arranger, each
Joint Book Running Manager and the Syndication Agent each is and has been acting solely as a
principal and, except as expressly agreed in writing by the relevant parties, has not been, is not,
and will not be acting as an advisor, agent or fiduciary for the Borrower, any other Loan Party or
any of their respective Affiliates, or any other Person and (B) neither the Administrative Agent,
any Joint Lead Arranger, any Joint Book Running Manager nor the Syndication Agent has any
obligation to the Borrower, any other Loan Party or any of their respective Affiliates with respect
to the transactions contemplated hereby except those obligations expressly set forth herein and in
the other Loan Documents; and (iii) the Administrative Agent, each Joint Lead Arranger, each Joint
Book Running Manager and the Syndication Agent and their respective Affiliates may be engaged in a
broad range of transactions that involve interests that differ from those of the Borrower, the
other Loan Parties and their respective Affiliates, and neither the Administrative Agent, any Joint
Lead Arranger, any Joint Book Running Manager nor the Syndication Agent has any obligation to
disclose any of such interests to the Borrower, any other Loan Party or any of their respective
Affiliates. To the fullest extent permitted by law, the Borrower and each other Loan Party hereby
waives and releases any claims that it may have against the Administrative Agent, each Joint Lead
Arranger, each Joint Book Running Manager and the Syndication Agent with respect to any breach or
alleged breach of agency or fiduciary duty in connection with any aspect of any transaction
contemplated hereby.

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

11.18 USA PATRIOT Act Notice.

     Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent
(for itself and not on behalf of any Lender) hereby notifies the Borrower 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

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Borrower, which information includes the name and address of the Borrower and other information
that will allow such Lender or the Administrative Agent, as applicable, to identify
the Borrower in accordance with the Act. The Borrower shall, promptly following a request by
the Administrative Agent or any Lender, provide all documentation and other information that the
Administrative Agent or such Lender reasonably requests in order to comply with its ongoing
obligations under applicable “know your customer” and anti-money laundering rules and regulations,
including the Act.

11.19 Release of Guarantors.

     If on any date subsequent to the Closing Date, (a) (i) all of the Subordinated Debt is rated
Baa3 or better by Moody’s and BBB- or better by S&P (or if either such entity ceases to rate the
Subordinated Debt for reasons outside of the control of the Borrower, the equivalent investment
grade credit rating from any other “nationally recognized statistical rating organization” within
the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act selected by the Borrower as a
replacement agency) or (ii) the Borrower’s non-credit enhanced senior unsecured debt is rated Baa2
or better by Moody’s and BBB or better by S&P (or if either such entity ceases to rate the
Borrower’s non-credit enhanced senior unsecured debt for reasons outside of the control of the
Borrower, the equivalent investment grade credit rating from any other “nationally recognized
statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange
Act selected by the Borrower as a replacement agency) and (b) no Default or Event of Default shall
have occurred and be continuing before and after giving effect thereto, then (i) the Guaranty of
each Subsidiary hereunder will be released if, upon such release, the Guarantees under the
documentation governing all other Indebtedness of the Borrower would be concurrently released;
provided that (1) in the event that all such Guarantees of other Indebtedness of the
Borrower are not concurrently released then each Subsidiary whose Guarantee of other Indebtedness
of the Borrower was not concurrently released will Guarantee the Obligations on the terms and
conditions set forth in Article IV pursuant to the documentation and within the time period
required by Section 7.08 and (2) in the event that any Subsidiary thereafter Guarantees any
other Indebtedness of the Borrower (or if any released Guarantee under any of the documentation
governing any other Indebtedness of the Borrower is reinstated or renewed), then, such Subsidiary
will Guarantee the Obligations on the terms and conditions set forth in Article IV pursuant
to the documentation and within the time period required by Section 7.08 and (ii) no
Subsidiary thereafter acquired or created will be required to provide a Guaranty hereunder unless
such Subsidiary Guarantees any other Indebtedness of the Borrower.

     Notwithstanding the foregoing, if the ratings assigned to (i)(A) any of the Subordinated Debt
by any such rating agency should be or subsequently decline to below Baa3 or BBB-, respectively and
(B) the Borrower’s non-credit enhanced senior unsecured debt should be or subsequently decline to
below Baa2 or BBB, respectively, or (ii) if the Borrower shall no longer be able to obtain ratings
with respect to its Subordinated Debt, due to repayment of the Subordinated Debt or otherwise, the
Borrower’s non-credit enhanced senior unsecured debt should be or subsequently decline to below
Baa2 or BBB, respectively, then the Subsidiaries (other than those Subsidiaries excused pursuant to
Section 7.08(b)) will Guarantee the Obligations on the terms and conditions set forth in
Article IV pursuant to the documentation and within the time period required by Section
7.08(a), and from that date forward, the “Guaranty

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Release Date” shall be deemed not to have occurred until the conditions set forth in clauses
(a) and (b) above are satisfied once again.

     The Guaranty of Holdings will be released at such time as Holdings is merged with and into the
Borrower in accordance with the terms of Section 8.04(c).

11.20
Judgment Currency.

     If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due
hereunder or any other Loan Document in one currency into another currency, the rate of exchange
used shall be that at which in accordance with normal banking procedures the Administrative Agent
could purchase the first currency with such other currency on the Business Day preceding that on
which final judgment is given. The obligation of the Borrower in respect of any such sum due from
it to the Administrative Agent or any Lender hereunder or under the other Loan Documents shall,
notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in
which such sum is denominated in accordance with the applicable provisions of this Agreement (the
“Agreement Currency”), be discharged only to the extent that on the Business Day following
receipt by the Administrative Agent or such Lender, as the case may be, of any sum adjudged to be
so due in the Judgment Currency, the Administrative Agent or such Lender, as the case may be, may
in accordance with normal banking procedures purchase the Agreement Currency with the Judgment
Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due
to the Administrative Agent or any Lender from the Borrower in the Agreement Currency, the Borrower
agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the
Administrative Agent or such Lender, as the case may be, against such loss. If the amount of the
Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent
or any Lender in such currency, the Administrative Agent or such Lender, as the case may be, agrees
to promptly return the amount of any excess to the Borrower (or to any other Person who may be
entitled thereto under applicable law).

11.21 Waiver of Notice of Termination.

     Those Lenders party hereto which are also party to the Existing Credit Agreement hereby waive
any prior notice requirement under the Existing Credit Agreement with respect to the termination of
commitments thereunder and the making of any prepayments thereunder.

11.22 Entire Agreement.

     THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES
AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

[Signature Pages Follow]

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

	 	 	 	 	 	 	 
	 	 	BORROWER:	 	 
	 
	 	 	 	 	 	 
	 	 	L-3 COMMUNICATIONS CORPORATION,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Steven M. Post	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Steven M. Post	 	 
	 

	 	Title:
	 	Senior Vice President, Corporate Secretary and General Counsel
	 	 
	 
	 	 	 	 	 	 
	 	 	GUARANTORS:	 	 
	 
	 	 	 	 	 	 
	 	 	L-3 COMMUNICATIONS HOLDINGS, INC.,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Steven M. Post	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Steven M. Post	 	 
	 

	 	Title:
	 	Senior Vice President, Corporate Secretary and General Counsel	 	 
	 
	 	 	 	 	 	 
	 	 	BROADCAST SPORTS INC.,	 	 
	 	 	a Delaware corporation	 	 
	 	 	D.P. ASSOCIATES INC.,	 	 
	 	 	a Virginia corporation	 	 
	 	 	ELECTRODYNAMICS, INC.,	 	 
	 	 	an Arizona corporation	 	 
	 	 	HENSCHEL INC.,	 	 
	 	 	a Delaware corporation	 	 
	 	 	INTERNATIONAL RESOURCES GROUP LTD.,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 	 	INTERSTATE ELECTRONICS CORPORATION,	 	 
	 	 	a California corporation	 	 
	 	 	L-3 CHESAPEAKE SCIENCES CORPORATION, a Maryland corporation	 	 
	 	 	L-3 COMMUNICATIONS ADVANCED LASER SYSTEMS TECHNOLOGY, INC.,	 	 
	 	 	a Florida corporation	 	 
	 
	 	 	 	 	 	 
	 	 	L-3 COMMUNICATIONS AIS GP CORPORATION,	 	 
	 	 	a Delaware corporation	 	 

 

 

	 	 	 	 	 	 	 
	 	 	L-3 COMMUNICATIONS APPLIED SIGNAL AND IMAGE TECHNOLOGY, INC.,	 	 
	 	 	a Maryland corporation	 	 
	 	 	L-3 COMMUNICATIONS AVIONICS SYSTEMS, INC., a Delaware corporation	 	 
	 	 	L-3 COMMUNICATIONS CINCINNATI ELECTRONICS CORPORATION, an Ohio corporation	 	 
	 	 	L-3 COMMUNICATIONS CRESTVIEW AEROSPACE CORPORATION, a Delaware corporation	 	 
	 	 	L-3 COMMUNICATIONS CYTERRA CORPORATION, a Delaware corporation	 	 
	 	 	L-3 COMMUNICATIONS DYNAMIC POSITIONING AND CONTROL SYSTEMS, INC., a California corporation	 	 
	 	 	L-3 COMMUNICATIONS ELECTRON TECHNOLOGIES, INC., a Delaware corporation	 	 
	 	 	L-3 COMMUNICATIONS EO/IR, INC., a Florida corporation	 	 
	 	 	L-3 COMMUNICATIONS EOTECH, INC., a Delaware corporation	 	 
	 	 	L-3 COMMUNICATIONS ESSCO, INC., a Delaware corporation	 	 
	 	 	L-3 COMMUNICATIONS FOREIGN HOLDINGS, INC., a Delaware corporation	 	 
	 	 	L-3 COMMUNICATIONS GENEVA AEROSPACE, INC., a Texas corporation	 	 
	 	 	L-3 COMMUNICATIONS INFRAREDVISION TECHNOLOGY CORPORATION, a California corporation	 	 
	 	 	L-3 COMMUNICATIONS INVESTMENTS INC., a Delaware corporation	 	 
	 	 	L-3 COMMUNICATIONS KLEIN ASSOCIATES, INC., a Delaware corporation	 	 
	 	 	L-3 COMMUNICATIONS MARIPRO, INC., a California corporation	 	 
	 	 	L-3 COMMUNICATIONS MOBILE-VISION, INC., a New Jersey corporation	 	 
	 	 	L-3 COMMUNICATIONS NAUTRONIX HOLDINGS, INC., a Delaware corporation	 	 
	 	 	L-3 COMMUNICATIONS NOVA ENGINEERING, INC., an Ohio corporation	 	 
	 	 	L-3 COMMUNICATIONS SAFEVIEW, INC., a Delaware corporation	 	 

 

	 	 	 	 	 	 	 
	 	 	L-3 COMMUNICATIONS SECURITY AND DETECTION SYSTEMS, INC., a Delaware corporation	 	 
	 	 	L-3 COMMUNICATIONS SONOMA EO, INC., a California corporation	 	 
	 	 	L-3 COMMUNICATIONS TCS, INC., a Georgia corporation	 	 
	 	 	L-3 COMMUNICATIONS WESTWOOD CORPORATION, a Nevada corporation	 	 
	 	 	L-3 FUZING AND ORDNANCE SYSTEMS, INC., a Delaware corporation	 	 
	 	 	L-3 G.A. INTERNATIONAL, INC., a Florida corporation	 	 
	 	 	L-3 GLOBAL COMMUNICATIONS SOLUTIONS, INC., a Virginia corporation	 	 
	 	 	L-3 SERVICES, INC., a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 	 	LINCOM WIRELESS, INC., a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 	 	MICRODYNE COMMUNICATIONS TECHNOLOGIES INCORPORATED, a Maryland corporation	 	 
	 	 	MICRODYNE CORPORATION, a Maryland corporation	 	 
	 	 	MICRODYNE OUTSOURCING INCORPORATED, a Maryland corporation	 	 
	 	 	PAC ORD INC., a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 	 	POWER PARAGON, INC., a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 	 	SPD ELECTRICAL SYSTEMS, INC., a Delaware corporation	 	 
	 	 	SPD SWITCHGEAR INC., a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 	 	TITAN FACILITIES, INC., a Virginia corporation	 	 
	 
	 	 	 	 	 	 
	 	 	TROLL TECHNOLOGY CORPORATION, a California corporation	 	 
	 
	 	 	 	 	 	 
	 	 	WESCAM AIR OPS INC., a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 	 	WESCAM HOLDINGS (US) INC., a Delaware corporation	 	 

 

	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Steven M. Post	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Steven M. Post	 	 
	 

	 	Title:
	 	Senior Vice President and Secretary of each of the foregoing entities	 	 
	 
	 	 	 	 	 	 
	 	 	L-3 COMMUNICATIONS INTEGRATED SYSTEMS L.P., a Delaware limited liability partnership	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	By: L-3 COMMUNICATIONS AIS GP CORPORATION, as General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Steven M. Post	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Steven M. Post	 	 
	 

	 	Title:
	 	Senior Vice President and Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	L-3 COMMUNICATIONS GERMANY HOLDINGS, LLC	 	 
	 	 	L-3 COMMUNICATIONS SHARED SERVICES, LLC	 	 
	 	 	each a Delaware limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	By: L-3 COMMUNICATIONS CORPORATION, as Sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Steven M. Post	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Steven M. Post	 	 
	 

	 	Title:
	 	Senior Vice President, General Counsel and Corporate Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	L-3 COMMUNICATIONS VERTEX AEROSPACE LLC, a Delaware limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	L-3 COMMUNICATIONS	 	 
	 

	 	 	 	INTEGRATED SYSTEMS, L.P., as Sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	L-3 COMMUNICATIONS AIS GP	 	 
	 

	 	 	 	CORPORATION, as General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Steven M. Post	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Steven M. Post	 	 
	 

	 	Title:
	 	Senior Vice President and Secretary	 	 

 

	 	 	 	 	 	 	 
	 	 	L-3 COMMUNICATIONS FLIGHT CAPITAL LLC,	 	 
	 	 	L-3 COMMUNICATIONS FLIGHT INTERNATIONAL AVIATION LLC,	 	 
	 	 	L-3 COMMUNICATIONS VECTOR INTERNATIONAL AVIATION LLC,	 	 
	 	 	each a Delaware limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	L-3 COMMUNICATIONS VERTEX	 	 
	 

	 	 	 	AEROSPACE LLC, as Sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	L-3 COMMUNICATIONS INTEGRATED	 	 
	 

	 	 	 	SYSTEMS L.P., as Sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	L-3 COMMUNICATIONS AIS GP	 	 
	 

	 	 	 	CORPORATION, as General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Steven M. Post	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Steven M. Post	 	 
	 

	 	Title:
	 	Senior Vice President and Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.,	 	 
	 	 	as Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Don B. Pinzon	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Don B. Pinzon	 	 
	 

	 	Title:
	 	Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.,	 	 
	 	 	as a Lender, L/C Issuer and Swing Line Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gabriela Millhorn	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gabriela Millhorn	 	 
	 

	 	Title:
	 	Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	[OTHER LENDERS]exv10w1

Exhibit 10.1

EXECUTION COPY

$400,000,000

CREDIT AGREEMENT

among

LEAR CORPORATION

(as reorganized pursuant to and under the Plan of Reorganization)

The Several Lenders from Time to Time Parties Hereto,

BARCLAYS BANK PLC,

as Documentation Agent

and

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and Collateral Agent

Dated as of October 23, 2009

 

J. P. MORGAN SECURITIES INC.,

CITIGROUP GLOBAL MARKETS INC.,

and

UBS SECURITIES LLC

as Joint Lead Arrangers and Joint Bookrunners

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	SECTION 1. DEFINITIONS
	 	 	1	 
	1.1. Defined Terms
	 	 	1	 
	1.2. Other Definitional Provisions
	 	 	23	 
	 
	 	 	 	 
	SECTION 2. AMOUNT AND TERMS OF LOANS
	 	 	24	 
	2.1. Loans
	 	 	24	 
	2.2. Procedure for Borrowing
	 	 	24	 
	2.3. [Reserved]
	 	 	25	 
	2.4. Maturity and Repayment of Loans
	 	 	25	 
	2.5. [Reserved]
	 	 	26	 
	2.6. Fees
	 	 	26	 
	2.7. Termination or Reduction of Commitments
	 	 	27	 
	2.8. Optional Prepayments
	 	 	27	 
	2.9. Mandatory Prepayments
	 	 	27	 
	2.10. Conversion and Continuation Options
	 	 	28	 
	2.11. Limitations on Eurodollar Tranches
	 	 	29	 
	2.12. Interest Rates and Payment Dates
	 	 	29	 
	2.13. Computation of Interest and Fees
	 	 	29	 
	2.14. Inability to Determine Interest Rate
	 	 	30	 
	2.15. Pro Rata Treatment and Payments
	 	 	30	 
	2.16. Requirements of Law
	 	 	31	 
	2.17. Taxes
	 	 	32	 
	2.18. Indemnity
	 	 	34	 
	2.19. Change of Lending Office
	 	 	35	 
	2.20. Incremental Facility
	 	 	35	 
	2.21. Intercreditor Agreement
	 	 	36	 
	 
	 	 	 	 
	SECTION 3. [RESERVED]
	 	 	36	 
	 
	 	 	 	 
	SECTION 4. REPRESENTATIONS AND WARRANTIES
	 	 	36	 
	4.1. No Change
	 	 	36	 
	4.2. Existence; Compliance with Law
	 	 	36	 
	4.3. Power; Authorization; Enforceable Obligations
	 	 	37	 
	4.4. No Legal Bar
	 	 	37	 
	4.5. Litigation
	 	 	37	 
	4.6. No Default
	 	 	37	 
	4.7. Ownership of Property; Liens
	 	 	37	 
	4.8. Intellectual Property
	 	 	37	 
	4.9. Taxes
	 	 	38	 
	4.10. Federal Regulations
	 	 	38	 
	4.11. Labor Matters
	 	 	38	 
	4.12. ERISA
	 	 	38	 
	4.13. Investment Company Act; Other Regulations
	 	 	38	 
	4.14. Subsidiaries
	 	 	38	 

i 

 

	 	 	 	 	 
	 	 	Page	 
	4.15. Use of Proceeds
	 	 	39	 
	4.16. Environmental Matters
	 	 	39	 
	4.17.
Accuracy of Information, etc.
	 	 	40	 
	4.18. Financial Statements
	 	 	40	 
	4.19. Insurance
	 	 	40	 
	4.20. Security Documents
	 	 	41	 
	4.21. Solvency
	 	 	41	 
	4.22. Regulation H
	 	 	41	 
	 
	 	 	 	 
	SECTION 5. CONDITIONS PRECEDENT
	 	 	42	 
	5.1. Closing Date
	 	 	42	 
	5.2. Delayed Draw Funding Date
	 	 	45	 
	 
	 	 	 	 
	SECTION 6. AFFIRMATIVE COVENANTS
	 	 	46	 
	6.1. Financial Statements
	 	 	46	 
	6.2. Certificates; Other Information
	 	 	46	 
	6.3. Payment of Obligations
	 	 	48	 
	6.4. Maintenance of Existence; Compliance
	 	 	48	 
	6.5. Maintenance of Property; Insurance
	 	 	48	 
	6.6. Inspection of Property; Books and Records; Discussions
	 	 	48	 
	6.7. Notices
	 	 	48	 
	6.8. Environmental Laws
	 	 	49	 
	6.9.
Additional Collateral, etc.
	 	 	49	 
	6.10. Post-Closing Matters
	 	 	51	 
	 
	 	 	 	 
	SECTION 7. NEGATIVE COVENANTS
	 	 	51	 
	7.1. Financial Covenants
	 	 	51	 
	7.2. Indebtedness
	 	 	53	 
	7.3. Liens
	 	 	55	 
	7.4. Fundamental Changes
	 	 	58	 
	7.5. Disposition of Property
	 	 	58	 
	7.6. Restricted Payments
	 	 	59	 
	7.7. Investments
	 	 	60	 
	7.8. Transactions with Affiliates
	 	 	61	 
	7.9. Swap Agreements
	 	 	61	 
	7.10. Changes in Fiscal Periods
	 	 	61	 
	7.11. Negative Pledge Clauses
	 	 	61	 
	7.12. Clauses Restricting Subsidiary Distributions
	 	 	62	 
	7.13. Lines of Business
	 	 	62	 
	7.14. Use of
Proceeds
	 	 	62	 
	7.15. Optional Payments and Modifications in respect of Permitted Second Lien Indebtedness
	 	 	63	 
	7.16. Sale and Leasebacks
	 	 	63	 
	 
	 	 	 	 
	SECTION 8. EVENTS OF DEFAULT
	 	 	63	 
	8.1. Events of Default
	 	 	63	 
	 
	 	 	 	 
	SECTION 9. THE AGENTS
	 	 	65	 
	9.1. Appointment
	 	 	65	 
	9.2. Delegation of Duties
	 	 	66	 
	9.3. Exculpatory Provisions
	 	 	66	 

ii 

 

	 	 	 	 	 
	 	 	Page	 
	9.4. Reliance by Agents
	 	 	66	 
	9.5. Notice of Default
	 	 	67	 
	9.6. Non-Reliance on Agents and Other Lenders
	 	 	67	 
	9.7. Indemnification
	 	 	67	 
	9.8. Agent in Its Individual Capacity
	 	 	68	 
	9.9. Successor Administrative Agent
	 	 	68	 
	9.10. Execution of Loan Documents
	 	 	68	 
	9.11. Collateral Agent
	 	 	68	 
	 
	 	 	 	 
	SECTION 10. MISCELLANEOUS
	 	 	69	 
	10.1. Amendments and Waivers
	 	 	69	 
	10.2. Notices
	 	 	71	 
	10.3. No Waiver; Cumulative Remedies
	 	 	72	 
	10.4. Survival of Representations and Warranties
	 	 	72	 
	10.5. Payment of Expenses and Taxes
	 	 	72	 
	10.6. Successors and Assigns; Participations and Assignments
	 	 	73	 
	10.7. Adjustments; Set-off
	 	 	76	 
	10.8. Counterparts
	 	 	77	 
	10.9. Severability
	 	 	77	 
	10.10. Integration
	 	 	77	 
	10.11. GOVERNING LAW
	 	 	77	 
	10.12. Submission To Jurisdiction; Waivers
	 	 	77	 
	10.13. Acknowledgements
	 	 	78	 
	10.14. Releases of Guarantees and Liens
	 	 	78	 
	10.15. Confidentiality
	 	 	78	 
	10.16. WAIVERS OF JURY TRIAL
	 	 	79	 
	10.17. USA Patriot Act
	 	 	79	 
	10.18. Effectiveness
	 	 	79	 

iii 

 

SCHEDULES:

	 	 	 
	1.1A

	 	Commitments
	1.1B

	 	Mortgaged Property
	4.3

	 	Consents, Authorizations, Filings and Notices
	4.14

	 	Subsidiaries
	4.20(a)

	 	UCC Filing Jurisdictions
	4.20(b)

	 	Mortgage Filing Jurisdictions
	6.10

	 	Post-Closing Matters
	7.2(d)

	 	Existing Indebtedness
	7.3(f)

	 	Existing Liens

EXHIBITS:

	 	 	 
	A

	 	Form of Intercompany Subordinated Note
	B

	 	Form of Assignment and Assumption
	C

	 	Form of Compliance Certificate
	D

	 	Form of Guarantee and Collateral Agreement
	E

	 	Form of Intercreditor Agreement
	F

	 	Form of Exemption Certificate
	G

	 	Form of Closing Certificate

iv 

 

          CREDIT AGREEMENT (this “Agreement”), dated as of October 23, 2009, among (i) LEAR
CORPORATION, a Delaware corporation, as reorganized pursuant to and under the Plan of
Reorganization (as defined below) (the “Borrower”), (ii) the several banks and other
financial institutions or entities from time to time parties to this Agreement (the “Lenders”),
(iii) BARCLAYS BANK PLC, as documentation agent, and (iv) JPMORGAN CHASE BANK, N.A., as
administrative agent (in such capacity, the “Administrative Agent”) and as collateral agent
for the Lenders (in such capacity the “Collateral Agent”).

INTRODUCTORY STATEMENT:

          WHEREAS, on July 7, 2009 (the “Petition Date”), the Borrower and certain of its
subsidiaries (the “Debtors”) filed voluntary petitions for relief under Chapter 11 of Title
11 of the United States Code (as amended, the “Bankruptcy Code”) in the United States
Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) and
continued in the possession of their property and in the management of their businesses pursuant to
Sections 1107 and 1108 of the Bankruptcy Code;

          WHEREAS, it is expected that on or about November 5, 2009, the Bankruptcy Court will enter the
Confirmation Order confirming the Debtors’ First Amended Joint Plan of Reorganization Under Chapter
11 of the Bankruptcy Code, dated September 18, 2009 (as in effect on the date of confirmation
thereof and as thereafter may be amended, the “Plan of Reorganization”); and

          WHEREAS, in connection with the confirmation and implementation of the Plan of Reorganization,
the reorganized Debtors have requested the Lenders to make loans available to the reorganized
Debtors to enable the reorganized Debtors to, among other things, consummate the transactions
contemplated by the Plan of Reorganization and to pay related fees and expenses, and the Lenders
have agreed, subject to the terms and conditions hereof, to enter into this Agreement.

          Accordingly, the parties hereto hereby agree as follows:

SECTION 1. DEFINITIONS

          1.1.   Defined Terms. As used in this Agreement, the terms listed in this Section 1.1 shall have the respective
meanings set forth in this Section 1.1.

          “ABR”: for any day, a rate per annum (rounded upwards, if necessary, to the next 1/16
of 1%) equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds
Effective Rate in effect on such day plus 1/2 of 1% and (c) the Eurodollar Rate with a one-month
Interest Period commencing on such day plus 1.0%; provided, that in no event shall ABR be
less than 3.00% per annum. Any change in the ABR due to a change in the Prime Rate, the Federal
Funds Effective Rate or such Eurodollar Rate shall be effective as of the opening of business on
the effective day of such change in the Prime Rate, the Federal Funds Effective Rate or such
Eurodollar Rate, respectively.

          “ABR Loans”: Loans the rate of interest applicable to which is based upon the ABR.

          “Acquisition”: any transaction or series of related transactions for the purpose of
or resulting, directly or indirectly, in (a) the acquisition of all or a substantial portion of the
assets of a Person, or of all or a substantial portion of any business or division of a Person, (b)
the acquisition of in excess of 50% of the capital stock, partnership interests, membership
interests or equity of any Person, or otherwise causing any Person to become a Subsidiary, or (c) a
merger or consolidation or any other combination with another Person (other than a Person that is
already a Subsidiary).

1 

 

          “Additional Lender”: as defined in Section 2.20.

          “Administrative Agent”: JPMorgan Chase Bank, N.A., together with its affiliates, as
the arranger of the Commitments and as the administrative agent for the Lenders under this
Agreement and the other Loan Documents, together with any of its successors.

          “Affiliate”: as to any Person, any other Person that, directly or indirectly, is in
control of, is controlled by, or is under common control with, such Person. For purposes of this
definition, “control” of a Person means the power, directly or indirectly, either to (a) vote 10%
or more of the securities having ordinary voting power for the election of directors (or persons
performing similar functions) of such Person or (b) direct or cause the direction of the management
and policies of such Person, whether by contract or otherwise.

          “Agent Indemnitees”: as defined in Section 9.7.

          “Agents”: the collective reference to the Administrative Agent and the Collateral
Agent.

          “Agreement”: as defined in the preamble hereto.

          “Applicable Margin”: a percentage per annum equal to (a) 4.50% in the case of ABR
Loans and (b) 5.50% in the case of Eurodollar Loans; provided that if and as long as the
Consolidated Leverage Ratio as of the last day of the most recent fiscal quarter for which
financial statements have been delivered pursuant to Section 6.1 is equal to or less than 2.5 to
1.0, the percentage per annum shall be reduced to 4.25% in the case of ABR Loans and 5.25% in the
case of Eurodollar Loans (with any change in the Applicable Margin pursuant to this proviso to
become effective on the date that is three Business Days after the applicable financial statements
have been delivered to the Lenders and to remain effective until the next change shall become
effective pursuant to this proviso); provided further that at all times while an
Event of Default shall have occurred and be continuing, the percentage per annum shall not be
reduced pursuant to this proviso.

          “Approved Fund”: 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 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.

          “Arrangers”: the collective reference to J.P. Morgan Securities Inc., Citigroup Global
Markets Inc. and UBS Securities LLC.

          “Asset Sale”: any Disposition of property or series of related Dispositions of
property excluding any such Disposition permitted by Section 7.5(a) through (l).

          “Assignee”: as defined in Section 10.6(b).

          “Assignment and Assumption”: an Assignment and Assumption, substantially in the form
of Exhibit B.

          “Bankruptcy Code”: as defined in the recitals hereto.

          “Bankruptcy Court”: as defined in the recitals hereto.

          “Benefited Lender”: as defined in Section 10.7(a).

2 

 

          “Board”: the Board of Governors of the Federal Reserve System of the United States
(or any successor).

          “Borrower”: as defined in the preamble hereto.

          “Business”: as defined in Section 4.16(b).

          “Business Day”: a day other than a Saturday, Sunday or other day on which commercial
banks in New York City are authorized or required by law to close, provided, that with
respect to notices and determinations in connection with, and payments of principal and interest
on, Eurodollar Loans, such day is also a day for trading by and between banks in Dollar deposits in
the interbank eurodollar market.

          “Canadian Court”: the Ontario Superior Court of Justice, Commercial List.

          “Canadian Debtors”: the Borrower’s Canadian Subsidiaries that are Debtors.

          “Capital Expenditures”: for any period, with respect to any Person, the aggregate of
all expenditures by such Person and its Subsidiaries for the acquisition or leasing (pursuant to a
capital lease) of fixed or capital assets or additions to equipment (including replacements,
capitalized repairs and improvements during such period) that should be capitalized under GAAP on a
consolidated balance sheet of such Person and its Subsidiaries, but excluding (i) such expenditures
that are made in connection with the purchase, replacement, substitution or restoration of assets
to the extent of (A) insurance proceeds (or other similar recoveries) paid (or reasonably expected
to be paid) on account of the loss of or damage to assets or (b) cash awards of compensation
arising from (or reasonably expected to arise from) the taking by eminent domain or condemnation of
assets, (ii) such expenditures that are made with all or any portion of a Reinvestment Deferred
Amount, (iii) capitalized interest, (iv) such expenditures for which such Person is or reasonably
expects to be reimbursed in cash by a third party (other than any Group Member), (v) such
expenditures that are made with the proceeds of an Excluded Issuance and (vi) such expenditures
that are made to fund the purchase price for assets acquired in Permitted Acquisitions.

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

          “Capital Stock”: 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) and any and all warrants, rights or options to purchase any
of the foregoing.

          “Cases”: the cases of the Debtors before the Bankruptcy Court.

          “Cash Equivalents”: (a) securities issued or unconditionally guaranteed or insured by
the United States Government, the Canadian Government, Japan or any member of the European Union or
any other government approved by the Administrative Agent (which approval shall not be unreasonably
withheld), (b) securities issued or unconditionally guaranteed or insured by any state of the
United States of America or province of Canada or any agency or instrumentality thereof having
maturities of not more than twelve months from the date of acquisition and having one of the two
highest ratings obtainable from either S&P or Moody’s, (c) time deposits, certificates of deposit
and bankers’ acceptances having

3 

 

maturities of not more than twelve months from the date of acquisition, in each case with any
Lender (or any affiliate of any thereof) or with any commercial bank organized under the laws of
the United States of America or any state thereof or the District of Columbia, Japan, Canada or any
member of the European Union or any U.S. branch of a foreign bank having at the date of acquisition
capital and surplus of not less than $100,000,000, (d) repurchase obligations with a term of not
more than seven days for underlying securities of the types described in clauses (a), (b) and (c)
entered into with any bank meeting the qualifications specified in clause (c) above, (e) commercial
paper issued by the parent corporation of any Lender and commercial paper rated, at the time of
acquisition, at least “A-1” or the equivalent thereof by S&P or “P-1” or the equivalent thereof by
Moody’s and in either case maturing within twelve months after the date of acquisition, (e)
deposits maintained with money market funds having total assets in excess of $300,000,000, (f)
demand deposit accounts maintained in the ordinary course of business with banks or trust
companies, (g) temporary deposits, of amounts received in the ordinary course of business pending
disbursement of such amounts, in demand deposit accounts in banks outside the United States, (h)
deposits in mutual funds which invest substantially all of their assets in preferred equities
issued by U.S. corporations rated at least “AA” (or the equivalent thereof) by S&P;
provided, that notwithstanding the foregoing, Cash Equivalents shall, in any event, include
all cash and cash equivalents as set forth in the Borrower’s balance sheet prepared in accordance
with GAAP, and (i) other investments requested by the Borrower and approved by the Administrative
Agent.

          “CCAA Cases”: the cases commenced by the Canadian Debtors in the Canadian Court under
Section 18.6 of the Companies’ Creditors Arrangement Act.

          “Change of Control”: after the occurrence of the Effective Date, (a) the acquisition
of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the
meaning of the Securities Exchange Act of 1934 and the rules of the Securities and Exchange
Commission thereunder as in effect on the date hereof), of Capital Stock representing more than 35%
of the aggregate ordinary voting power represented by the issued and outstanding Capital Stock of
the Borrower; or (b) occupation of a majority of the seats (other than vacant seats) on the board
of directors of the Borrower by Persons who were neither (i) nominated by the board of directors of
the Borrower nor (ii) appointed by directors so nominated.

          “Chinese Acceptance Notes”: acceptance notes issued by Chinese banks in the ordinary
course of business for the account of any direct or indirect Chinese Subsidiary of the Borrower or
customers thereof to effect the current payment of goods and services in accordance with customary
trade terms in China.

          “Closing Date”: the date on which the conditions precedent set forth in Section 5.1
shall have been satisfied or waived and the funding of the Closing Date Loans occurs.

          “Closing Date Commitment”: as to any Lender, the obligation of such Lender to make a
Closing Date Loan to the Borrower in an aggregate principal amount not to exceed the amount set
forth under the heading “Closing Date Commitment” opposite such Lender’s name on Schedule 1.1A.
The original aggregate amount of the Closing Date Commitments is $200,000,000.

          “Closing Date Loan”: as defined in Section 2.1.

          “Closing Date Percentage”: as to any Lender at any time, the percentage which such
Lender’s Closing Date Commitment then constitutes of the aggregate Closing Date Commitments (or, at
any time after the Closing Date, the percentage which the aggregate principal amount of such
Lender’s Closing Date Loans then outstanding constitutes of the aggregate principal amount of the
Closing Date Loans then outstanding).

4 

 

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

          “Collateral”: all property of the Loan Parties (other than Excluded Property), now
owned or hereafter acquired upon which a Lien is purported to be created by any Security Document.

          “Collateral Agent”: as defined in the preamble hereto.

          “Commitment”: as to any Lender, the sum of the Closing Date Commitment and the
Delayed Draw Commitment of such Lender.

          “Commonly Controlled Entity”: an entity, whether or not incorporated, that is under
common control with the Borrower within the meaning of Section 4001 of ERISA or is part of a group
that includes the Borrower and that is treated as a single employer under Section 414 of the Code.

          “Compliance Certificate”: a certificate of the Borrower duly executed by a
Responsible Officer, on behalf of the Borrower, substantially in the form of Exhibit C.

          “Conduit Lender”: any special purpose corporation organized and administered by any
Lender for the purpose of making Loans otherwise required to be made by such Lender and designated
by such Lender in a written instrument; provided, that the designation by any Lender of a
Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan
under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the
designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to
deliver all consents and waivers required or requested under this Agreement with respect to its
Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled
to receive any greater amount pursuant to Section 2.16, 2.17, 2.18 or 10.5 than the designating
Lender would have been entitled to receive in respect of the extensions of credit made by such
Conduit Lender or (b) be deemed to have any Commitment.

          “Confirmation Order”: as defined in Section 5(h).

          “Consolidated Assets”: at a particular date, all amounts which would be included
under total assets on a consolidated balance sheet of the Borrower and its Subsidiaries as at such
date, determined in accordance with GAAP.

          “Consolidated Current Assets”: at any date, all amounts (other than cash and Cash
Equivalents) that would, in conformity with GAAP, be set forth opposite the caption “total current
assets” (or any like caption) on a consolidated balance sheet of Borrower and its Subsidiaries at
such date.

          “Consolidated Current Liabilities”: at any date, all amounts that would, in
conformity with GAAP, be set forth opposite the caption “total current liabilities” (or any like
caption) on a consolidated balance sheet of the Borrower and its Subsidiaries at such date, but
excluding the current portion of any Funded Debt of the Borrower and its Subsidiaries.

          “Consolidated EBITDA”: for any period (and calculated without duplication),
Consolidated Net Income for such period excluding (a) any extraordinary and non-recurring non-cash
expenses, losses, income or gains as determined in accordance with GAAP, (b) charges, premiums,
expenses and any gains associated with the discharge of Indebtedness, (c) charges relating to FAS
106, (d) any non-cash income included, and any non-cash deductions made, in determining
Consolidated Net Income for such period (other than any deductions which represent the accrual of
or a reserve for the payment of cash charges in any future period), provided that cash
payments made in any subsequent period in respect of any item for which any such non-cash deduction
was excluded in a prior period shall

5 

 

be deemed to reduce Consolidated Net Income by such amount in such subsequent period, (e)
stock compensation expense and non-cash equity linked expense, (f) deferred financing fees (and any
write-offs thereof), (g) write-offs of goodwill, (h) an aggregate amount of up to (i) $200,000,000
for fiscal year 2009, and (ii) $150,000,000 for each fiscal year thereafter (provided that
up to $25,000,000 of such amount may be carried forward to the following fiscal year or carried
back to the preceding fiscal year) in respect of restructuring, restructuring-related or other
similar charges, (i) fees, costs, charges, commissions and expenses or other charges incurred
during such period in connection with this Agreement, the DIP Credit Agreement, the Cases, the Plan
of Reorganization and the transactions contemplated by the foregoing, including the write-off of
receivables of Chrysler, GM and their affiliates as a result of their respective bankruptcy
filings, the termination or settlement of executory contracts, professional and accounting costs
fees and expenses, management incentive, employee retention or similar plans (in each case to the
extent such plan is approved by the Bankruptcy Court to the extent required), litigation costs and
settlements, asset write-downs, income and gains recorded in connection with the corporate
reorganization effected in connection with the winding up the Debtors prior to emergence, (j)
foreign exchange gains and losses and (k) any state or local taxes, plus, to the extent deducted in
determining Consolidated Net Income, the sum of (A) Consolidated Interest Expense, (B) any expenses
for taxes, (C) depreciation and amortization expense, (D) minority interests in income (or losses)
of Subsidiaries and (E) net equity earnings (and losses) in Affiliates (excluding Subsidiaries).
For purposes of calculating the ratios set forth in Section 7.1(a) and (b), Consolidated EBITDA for
any fiscal period shall in any event include the Consolidated EBITDA for such fiscal period of any
entity acquired by the Borrower or any of its Subsidiaries in a Permitted Acquisition during such
period. Notwithstanding the foregoing, for purposes of calculating Consolidated EBITDA for each of
the four fiscal quarter periods ending December 31, 2009, March 31, 2010 and June 30, 2010,
Consolidated EBITDA for such four fiscal quarter periods shall equal Consolidated EBITDA for the
period commencing on October 1, 2009 and ending on December 31, 2009, April 3, 2010 and July 3,
2010, as applicable, multiplied by 4, 2 and 4/3, respectively.

          “Consolidated Interest Expense”: for any period, the amount which would, in
conformity with GAAP, be set forth opposite the caption “interest expense” (or any like caption) on
a consolidated income statement of the Borrower and its Subsidiaries for such period and, to the
extent not otherwise included in “interest expense”, any other discounts and expenses comparable to
or in the nature of interest under any Receivable Financing Transaction; provided, that
Consolidated Interest Expense for any period shall (a) exclude (i) fees payable in respect of such
period under Section 2.6, (ii) any amortization or write-off of deferred financing fees during such
period, (iii) premiums paid in connection with the discharge of Indebtedness, (iv) any non-cash
expense, and (v) interest payments made by the Debtors during the pendency of the Cases on
pre-petition Indebtedness, and (b) include any interest income during such period.

          “Consolidated Leverage Ratio”: as at the last day of any period of four consecutive
fiscal quarters, the ratio of (a) Consolidated Total Debt on such day to (b) Consolidated EBITDA
for such period.

          “Consolidated Net Income”: for any period, the consolidated net income (or deficit)
of the Borrower and its Subsidiaries for such period (taken as a cumulative whole), determined in
accordance with GAAP; provided that any provision for post-retirement medical benefits, to
the extent such provision calculated under FAS 106 exceeds actual cash outlays calculated on the
“pay as you go” basis, shall not to be taken into account.

          “Consolidated Revenues”: for any fiscal period, the consolidated revenues of the
Borrower and its Subsidiaries for such period, determined in accordance with GAAP.

6 

 

          “Consolidated Total Tangible Assets”: as of any date of determination thereof, the
aggregate consolidated book value of the assets of the Borrower and its Subsidiaries (other than
patents, patent rights, trademarks, trade names, franchises, copyrights, licenses, permits,
goodwill and other similar intangible assets properly classified as such in accordance with GAAP)
after all appropriate adjustments (including, without limitation, reserves for doubtful
receivables, obsolescence, depreciation and amortization), all as set forth in the most recent
consolidated balance sheet of the Borrower delivered pursuant to Section 6.1 on such date of
determination, determined on a consolidated basis in accordance with GAAP.

          “Consolidated Total Debt”: at any date, the aggregate principal amount of all
Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis,
that would be required to be shown as debt on a balance sheet of the Borrower prepared in
accordance with GAAP, but excluding Chinese Acceptance Notes and Earn-outs; provided that
solely with respect to the definition of “ECF Percentage”, Consolidated Total Debt shall be
determined as set forth above, but net of cash and Cash Equivalents of the Borrower and its
Subsidiaries in excess of $650,000,000 on the date of determination.

          “Consolidated Working Capital”: at any date, the excess of Consolidated Current
Assets on such date over Consolidated Current Liabilities on such date.

          “Consummation Date”: the date of substantial consummation (as defined in Section 1101
of the Bankruptcy Code) of the Plan of Reorganization.

          “Contractual Obligation”: 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.

          “Debtors”: as defined in the preamble.

          “Default”: any of the events specified in Section 8.1, whether or not any requirement
for the giving of notice, the lapse of time, or both, has been satisfied.

          “Defaulting Lender” any Lender that (a) has failed to fund any portion of the Loans
required to be funded by it hereunder within one (1) Business Day of the date required to be funded
by it hereunder, unless such failure is the subject of a good faith dispute or subsequently cured
(in which case such Lender shall cease to be a Defaulting Lender as of the date of such cure), (b)
has otherwise failed to pay over to the Administrative Agent or any other Lender any other amount
required to be paid by it hereunder within one (1) Business Day of the date when due, unless such
failure is the subject of a good faith dispute or subsequently cured (in which case such Lender
shall cease to be a Defaulting Lender as of the date of such cure), or (c) has been deemed
insolvent or become the subject of a bankruptcy or insolvency proceeding.

          “Delayed Draw Availability Period”: the period from but excluding the Closing Date to
but excluding the date that is 35 days after the Closing Date.

          “Delayed Draw Commitment”: as to any Lender, the obligation, if any, of such Lender to
make a Delayed Draw Loan in a principal amount not to exceed the amount set forth under the heading
“Delayed Draw Commitment” opposite such Lenders name on Schedule 1.1A. The original aggregate
amount of the Delayed Draw Commitments is $200,000,000.

          “Delayed Draw Commitment Fee”: as defined in Section 2.6(c).

7 

 

          “Delayed Draw Loan”: as defined in Section 2.1.

          “Delayed Draw Funding Date”: the date on which the conditions precedent set forth in
Section 5.2 shall have been satisfied or waived and the funding of the Delayed Draw Loans occurs.

          “Delayed Draw Percentage”: as to any Lender at any time, the percentage which such
Lender’s Delayed Draw Commitment then constitutes of the aggregate Delayed Draw Commitments (or, at
any time after the Delayed Draw Funding Date, the percentage which the aggregate principal amount
of such Lender’s Delayed Draw Loans then outstanding constitutes of the aggregate principal amount
of the Delayed Draw Loans then outstanding).

          “DIP Agent”: JPMorgan Chase Bank, N.A. in its capacity as administrative agent for the
lenders under the DIP Credit Agreement.

          “DIP Credit Agreement”: the Credit and Guarantee Agreement, dated as of July 6, 2009
among the Borrower and certain of its Subsidiaries, the lenders from time to time party thereto,
the DIP Agent and the other parties thereto, as amended, supplemented or otherwise modified prior
to the date hereof.

          “DIP Facility”: the term loan facility made available under the DIP Credit Agreement.

          “Disclosure Statement”: the disclosure statement in respect of the Plan of
Reorganization, in form and substance reasonably satisfactory to the Administrative Agent,
distributed to certain holders of claims (as defined in Section 101(5) of the Bankruptcy Code)
against the Debtors.

          “Disposition”: with respect to any property, any sale, lease, sale and leaseback,
assignment, conveyance, transfer or other disposition thereof, excluding any such transaction that
yields Net Cash Proceeds to any Group Member (valued at the initial principal amount thereof in the
case of non-cash proceeds consisting of notes or other debt securities and valued at fair market
value in the case of other non-cash proceeds) of $1,000,000 or less. The terms “Dispose”
and “Disposed of” shall have correlative meanings.

          “Dollars” and “$”: dollars in lawful currency of the United States.

          “Domestic Subsidiary”: any Subsidiary of the Borrower organized under the laws of any
jurisdiction within the United States.

          “Earn-outs”: with respect to any Person, obligations of such Person arising from a
Permitted Acquisition which are payable to the seller based on the achievement of specified
financial results over time. The amount of any Earn-outs at any time for the purpose of this
Agreement shall be the amount earned and due to be paid at such time.

          “ECF Percentage”: for any fiscal year (or, in the case of the first period, the
portion of the fiscal year following the first anniversary of the Closing Date), (a) 50% if the
Consolidated Leverage Ratio exceeds 1.75 to 1.00 as of the last day of such fiscal year, (b) 25% if
the Consolidated Leverage Ratio is equal to or less than 1.75 to 1.00 but exceeds 0.50 to 1.00 as
of the last day of such fiscal year and (c) 0% if the Consolidated Leverage Ratio is equal to or
less than 0.50 to 1.00 as of the last day of such fiscal year.

          “Effective Date”: the effective date of the Plan of Reorganization.

8 

 

          “Eligible Assignee”: (a) a commercial bank, financial institution, financial company,
fund or insurance company that is engaged in making, purchasing, holding or investing in bank loans
and similar extensions of credit in the ordinary course or (b) any other Person that is not a
competitor of the Borrower or any of its Subsidiaries or an affiliate of any such competitor.

          “Environmental Laws”: any and all foreign, Federal, state, local or municipal laws,
rules, orders, regulations, statutes, ordinances, codes, decrees, requirements of any Governmental
Authority or other Requirements of Law (including common law) regulating, relating to or imposing
liability or standards of conduct concerning protection of human health or the environment, as now
or may at any time hereafter be in effect.

          “Equity Sweep Percentage”: at any time, (a) 50% if the Consolidated Leverage Ratio
exceeds 1.75 to 1.00 as of the last day of the most recent period of four consecutive fiscal
quarters of the Borrower, (b) 25% if the Consolidated Leverage Ratio is equal to or less than 1.75
to 1.00 but exceeds 1.00 to 1.00 as of the last day of the most recent period of four consecutive
fiscal quarters of the Borrower and (c) 0% if the Consolidated Leverage Ratio is equal to or less
than 1.00 to 1.00 as of the last day of the most recent period of four consecutive fiscal quarters
of the Borrower.

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

          “ERISA Affiliate”: any trade or business (whether or not incorporated) that, together
with any Loan Party, is treated as a single employer under Section 414(b) or (c) of the Code or,
solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single
employer under Section 414 of the Code.

          “ERISA Event”: (a) any Reportable Event; (b) the existence with respect to any Plan of
a non-exempt Prohibited Transaction; (c) any failure by any Single Employer Plan to satisfy the
minimum funding standards (within the meaning of Sections 412 or 430 of the Code or Section 302 of
ERISA) applicable to such Single Employer Plan, whether or not waived; (d) a determination that any
Single Employer Plan is in “at risk” status (within the meaning of Section 430 of the Code or Title
IV of ERISA); (e) the incurrence by any Loan Party or any of its ERISA Affiliates of any liability
under Title IV of ERISA with respect to the termination of any Single Employer Plan, including but
not limited to the imposition of any Lien in favor of the PBGC or any Single Employer Plan; (f) the
incurrence by any Loan Party or any of its ERISA Affiliates of any liability with respect to the
withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by any
Loan Party or any of its ERISA Affiliates of any notice, or the receipt by any Multiemployer Plan
from a Loan Party or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal
Liability or a determination that a Multiemployer Plan is, or is expected to be, Insolvent, in
Reorganization, or in endangered or critical status (within the meaning of Section 432 of the Code
or Section 305 or Title IV of ERISA.

          “Eurocurrency Reserve Requirements”: for any day as applied to a Eurodollar Loan, the
aggregate (without duplication) of the maximum rates (expressed as a decimal) of reserve
requirements in effect on such day (including basic, supplemental, marginal and emergency reserves)
under any regulations of the Board or other Governmental Authority having jurisdiction with respect
thereto dealing with reserve requirements prescribed for eurocurrency funding (currently referred
to as “Eurocurrency Liabilities” in Regulation D of the Board) maintained by a member bank of the
Federal Reserve System.

          “Eurodollar Base Rate”: with respect to each day during each Interest Period
pertaining to a Eurodollar Loan, the rate per annum determined on the basis of the rate for
deposits in Dollars for a period equal to such Interest Period commencing on the first day of such
Interest Period appearing on

9 

 

Reuters Screen LIBOR01 page as of 11:00 A.M., London time, two Business Days prior to the
beginning of such Interest Period. In the event that such rate does not appear on Reuters Screen
LIBOR01 page (or otherwise on such screen), the “Eurodollar Base Rate” shall be determined
by reference to such other comparable publicly available service for displaying eurodollar rates as
may be reasonably selected by the Administrative Agent or, in the absence of such availability, by
reference to the rate at which the Administrative Agent is offered Dollar deposits at or about
11:00 A.M., New York City time, two Business Days prior to the beginning of such Interest Period in
the interbank eurodollar market where its eurodollar and foreign currency and exchange operations
are then being conducted for delivery on the first day of such Interest Period for the number of
days comprised therein.

          “Eurodollar Loans”: Loans the rate of interest applicable to which is based upon the
Eurodollar Rate.

          “Eurodollar Rate”: with respect to each day during each Interest Period pertaining to
a Eurodollar Loan, a rate per annum determined for such day in accordance with the following
formula (rounded upward to the nearest 1/100th of 1%):

	 	 	 	 	 
	 

	 	Eurodollar Base Rate
 

1.00 - Eurocurrency Reserve Requirements
	 	 

; provided, however, notwithstanding the foregoing, the Eurodollar Rate shall
be the greater of (x) such rate determined pursuant to the foregoing formula and (y) 2.00% per
annum.

          “Eurodollar Tranche”: the collective reference to Eurodollar Loans the then current
Interest Periods with respect to all of which begin on the same date and end on the same later date
(whether or not such Loans shall originally have been made on the same day).

          “Event of Default”: any of the events specified in Section 8.1, provided that
any requirement for the giving of notice, the lapse of time, or both, has been satisfied.

          “Excess Cash Flow”: for any fiscal year of the Borrower (or shorter period beginning
on the first anniversary of the Closing Date through the end of such fiscal year), the excess, if
any, of (a) the sum, without duplication, of (i) Consolidated Net Income for such fiscal year (or
period), (ii) the amount of all non-cash charges (including depreciation and amortization) deducted
in arriving at such Consolidated Net Income, (iii) decreases in Consolidated Working Capital for
such fiscal year (or period), and (iv) the aggregate net amount of non-cash loss on the Disposition
of property by the Borrower and its Subsidiaries during such fiscal year (or period) (other than
sales of inventory in the ordinary course of business), to the extent deducted in arriving at such
Consolidated Net Income over (b) the sum, without duplication, of (i) the amount of all
non-cash credits included in arriving at such Consolidated Net Income, (ii) the aggregate amount
actually paid by the Borrower and its Subsidiaries in cash during such fiscal year (or period) on
account of Capital Expenditures (excluding the principal amount of Indebtedness incurred in
connection with such expenditures and any such expenditures financed with the proceeds of any
Reinvestment Deferred Amount), (iii) the aggregate amount of all optional prepayments of the Loans
during such fiscal year (or period) (other than in respect of any revolving credit facility to the
extent there is not an equivalent permanent reduction in commitments thereunder), (iv) the
aggregate amount of all regularly scheduled principal payments of Indebtedness (including the
Loans) of the Borrower and its Subsidiaries made in cash during such fiscal year (or period) (other
than in respect of any revolving credit facility to the extent there is not an equivalent permanent
reduction in commitments thereunder), (v) increases in Consolidated Working Capital for such fiscal
year (or period), (vi) the aggregate net amount of non-cash gain on the Disposition of property by
the Borrower and its

10 

 

Subsidiaries during such fiscal year (or period) (other than sales of inventory in the
ordinary course of business), (vii) minority interests in income and earnings of Affiliates for
which the Borrower has not received cash distributions thereof, and (viii) all cash consideration
paid with respect to Permitted Acquisitions (except to the extent funded with the proceeds of
Excluded Issuances or Indebtedness), including, without limitation, payments in respect of
“earnouts” and similar payment obligations and seller notes, to the extent included in arriving at
such Consolidated Net Income.

          “Excess Cash Flow Application Date”: as defined in Section 2.9(c).

          “Excluded Issuance”: any Capital Stock of the Borrower issued (a) to directors,
employees or consultants of the Borrower or its Subsidiaries pursuant to compensation plans or
arrangements approved by the Board, (b) upon the conversion or exercise of any Capital Stock of the
Borrower outstanding on the date hereof or issued hereafter as part of an Excluded Issuance, (c) to
a Group Member in accordance with Section 7.7, (d) to fund Capital Expenditures permitted under
Section 7.1(c) and (e) to fund the payment of any consideration for a Permitted Acquisition in
accordance with Section 7.7.

          “Excluded Property”: (i) property owned by any Excluded Subsidiary or Foreign
Subsidiary; (ii) receivables and customary related rights and assets subject to a Receivables
Financing Transaction; (iii) any property to the extent that a grant of a security interest in such
property pursuant to the Security Documents is prohibited by any Requirements of Law of a
Governmental Authority, requires a consent not obtained of any Governmental Authority pursuant to
such Requirement of Law or is prohibited by, or constitutes a breach or default under or results in
the termination of or requires any consent not obtained under, any contract, license, agreement,
instrument or other document evidencing or giving rise to such property or, in the case of any
Investment, Pledged Stock or Pledged Note (as such terms are defined in the Security Documents),
any applicable shareholder or similar agreement, except to the extent that such Requirement of Law
or the term in such contract, license, agreement, instrument or other document or shareholder or
similar agreement providing for such prohibition, breach, default or termination or requiring such
consent is ineffective under applicable law; (iv) Vehicles (as defined in the Guarantee and
Collateral Agreement) and title documents therefor; (v) any Capital Stock held by a Loan Party in
(A) a joint venture, so long as (x) not more than 50% of the aggregate Capital Stock of such joint
venture is held by the Loan Parties in the aggregate and (y) such Capital Stock is not subject to a
Lien in favor of any other Person and (B) any direct holding company of one or more joint ventures
under clause (A) of this clause (v), provided that such holding company does not engage in
any business or own any assets other than owning the Capital Stock of such joint ventures; (vi) any
property with respect to which the Administrative Agent determines that the cost or burden of
subjecting such property to a Lien under the Security Documents is disproportionate to the value of
the collateral security afforded thereby; (vii) real property owned by the Loan Parties having a
fair market value estimated in good faith by the Borrower of less than $5,000,000, provided
that the aggregate fair market value of all such owned real property located in the U.S. (as
estimated in good faith by the Borrower) that is Excluded Property shall not exceed $25,000,000 as
of the Closing Date and $25,000,000 as of the date the financial statements are delivered for the
end of any fiscal year of the Borrower; (viii) interests in real property leased, subleased or
licensed to any of the Loan Parties; and (ix) thirty-five percent (35%) of the total outstanding
voting Capital Stock of each new and existing Foreign Subsidiary.

          “Excluded Subsidiary”: each Subsidiary of a Foreign Subsidiary and, with respect to
any requirement to enter into any Security Document, any Special Purpose Subsidiary.

          “Facility”: the term loan facility made available to the Borrower pursuant to this
Agreement.

11 

 

          “Federal Funds Effective Rate”: for any day, the weighted average of the rates on
overnight federal funds transactions with members of the Federal Reserve System arranged by federal
funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New
York, or, if such rate is not so published for any day that is a Business Day, the average of the
quotations for the day of such transactions received by the Administrative Agent from three federal
funds brokers of recognized standing selected by it.

          “Foreign Subsidiary”: any Subsidiary of the Borrower that is not a Domestic
Subsidiary.

          “Funded Debt”: as to any Person, all Indebtedness of such Person that matures more
than one year from the date of its creation or matures within one year from such date but is
renewable or extendible, at the option of such Person, to a date more than one year from such date
or arises under a revolving credit or similar agreement that obligates the lender or lenders to
extend credit during a period of more than one year from such date, including all current
maturities and current sinking fund payments in respect of such Indebtedness whether or not
required to be paid within one year from the date of its creation or maturity and, in the case of
the Borrower, Indebtedness in respect of the Loans.

          “Funding Office”: the office of the Administrative Agent specified in Section 10.2 or
such other office as may be specified from time to time by the Administrative Agent as its funding
office by written notice to the Borrower and the Lenders.

          “GAAP”: generally accepted accounting principles in the United States as in effect
from time to time, except that for purposes of Section 7.1, GAAP shall be determined on the basis
of such principles in effect on the date hereof and consistent with those used in the preparation
of the most recent audited financial statements delivered pursuant to Section 6.1(a) of the DIP
Credit Agreement.

          “Governmental Authority”: any nation or government, any state or other political
subdivision thereof, any agency, authority, instrumentality, regulatory body, court, central bank
or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative
functions of or pertaining to government, any securities exchange and any self-regulatory
organization (including the National Association of Insurance Commissioners).

          “Group Members”: the collective reference to the Borrower and its Subsidiaries.

          “Guarantee and Collateral Agreement”: the Guarantee and Collateral Agreement to be
executed and delivered by the Borrower and each Guarantor, substantially in the form of Exhibit D.

          “Guarantee Obligation”: as to any Person (the “guaranteeing person”), any
obligation, including a reimbursement, counterindemnity or similar obligation, of the guaranteeing
Person that guarantees or in effect guarantees, or which is given to induce the creation of a
separate obligation by another Person (including any bank under any letter of credit) that
guarantees or in effect guarantees, any Indebtedness, leases, dividends or other obligations (the
“primary obligations”) of any other third Person (the “primary obligor”) in any
manner, whether directly or indirectly, including any obligation of the guaranteeing person,
whether or not contingent, (i) to purchase any such primary obligation or any property constituting
direct or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or
payment of any such primary obligation or (2) to maintain working capital or equity capital of the
primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to
purchase property, securities or services primarily for the purpose of assuring the owner of any
such primary obligation of the ability of the primary obligor to make payment of such primary
obligation or (iv) otherwise to assure or hold harmless the owner of any such primary obligation
against loss in respect thereof; provided, however, that the term Guarantee
Obligation shall not include endorsements of

12 

 

instruments for deposit or collection in the ordinary course of business. The amount of any
Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount
equal to the stated or determinable amount of the primary obligation in respect of which such
Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing person may be
liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such
primary obligation and the maximum amount for which such guaranteeing person may be liable are not
stated or determinable, in which case the amount of such Guarantee Obligation shall be such
guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by
the Borrower in good faith.

          “Guarantor”: each Domestic Subsidiary of the Borrower other than (a) Excluded
Subsidiaries, (b) Immaterial Subsidiaries (provided that all Immaterial Subsidiaries
excluded under this clause (b) and Section 6.9(c)(B) shall not at any time contribute in the
aggregate more than 5% of Consolidated Assets or more than 5% of Consolidated Revenues), (c) joint
ventures in which not more than 85% of the aggregate Capital Stock of such joint venture is held by
the Loan Parties in the aggregate and (d) any direct holding
company of one or more joint ventures under
clause (c) hereof, provided that such holding company does not engage in any business or
own any assets other than owning the Capital Stock of such joint
ventures.

          “Immaterial Subsidiary”: at any time, any Subsidiary of the Borrower which, based on
the financial statements most recently delivered pursuant to Section 6.1(a) or (b), constituted
less than 1% of Consolidated Assets or, for the twelve month period ended on the date of such
financial statements, represented less than 1% of Consolidated Revenues, in each case determined
using the equity method of accounting in accordance with GAAP.

          “Incremental Amendment”: as defined in Section 2.20.

          “Incremental Facility”: as defined in Section 2.20.

          “Incremental Facility Closing Date”: as defined in Section 2.20.

          “Indebtedness”: of any Person at any date, without duplication, (a) all indebtedness
of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase
price of property or services, which would, in accordance with GAAP be shown on the liability side
of the balance sheet, (c) all obligations of such Person evidenced by notes, bonds, debentures or
other similar instruments, (d) all indebtedness created or arising under any conditional sale or
other title retention agreement with respect to property acquired by such Person (even though the
rights and remedies of the seller or lender under such agreement in the event of default are
limited to repossession or sale of such property), (e) all Capital Lease Obligations of such
Person, (f) all obligations of such Person, contingent or otherwise, as an account party or
applicant under or in respect of acceptances, letters of credit, surety bonds or similar
arrangements, (g) all Guarantee Obligations of such Person in respect of obligations of the kind
referred to in clauses (a) through (f) above, (h) all obligations of the kind referred to in
clauses (a) through (g) above secured by (or for which the holder of such obligation has an
existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts
and contract rights) owned by such Person, whether or not such Person has assumed or become liable
for the payment of such obligation, provided, if such Person has not assumed or become
liable for such obligation, the amount of such Indebtedness shall be deemed to be the lesser of the
fair market value of such property or the obligation being secured thereby and (i) for the purposes
of Section 8.1(e) only, all obligations of such Person in respect of Swap Agreements, but excluding
(i) trade and other accounts payables incurred in the ordinary course of such Person’s business,
(ii) accrued expenses and deferred compensation arrangements in the ordinary course, and (iii)
advance payments in the ordinary course. The Indebtedness of any Person shall include the
Indebtedness of any other entity (including any partnership in which such Person

13 

 

is a general partner) to the extent such Person is liable therefor as a result of such
Person’s ownership interest in or other relationship with such entity, except to the extent the
terms of such Indebtedness expressly provide that such Person is not liable therefor.

          “Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is
insolvent within the meaning of Section 4245 of ERISA.

          “Insolvent”: pertaining to a condition of Insolvency.

          “Intellectual Property”: the collective reference to all rights, priorities and
privileges relating to intellectual property, whether arising under United States, multinational or
foreign laws or otherwise, including copyrights, copyright licenses, inventions, designs, patents,
patent licenses, trademarks, tradenames, domain names and other source indicators, trademark
licenses, technology, trade secrets, know-how and processes, and all rights to sue at law or in
equity for any infringement or other impairment thereof, including the right to receive all
proceeds and damages therefrom.

          “Intercompany Subordinated Note”: a promissory note, substantially in the form of
Exhibit A or otherwise in form and substance reasonably acceptable to the Administrative Agent.

          “Intercreditor Agreement”: the Intercreditor Agreement to be executed and delivered
by the Administrative Agent, the Collateral Agent, the agent or trustee for the Second Lien Term
Loans and the Loan Parties, substantially in the form of Exhibit E, as amended, modified and
supplemented from time to time.

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

          “Interest Payment Date”: (a) as to any Eurodollar Loan, the last day of each Interest
Period applicable to such Loan and the Maturity Date; provided that if any Interest Period
for a Eurodollar Loan exceeds three months, the respective dates that fall every three months after
the beginning of such Interest Period shall also be Interest Payment Dates; (b) as to any ABR Loan,
the last day of each calendar quarter and the Maturity Date, (c) as to any Loan, the date of any
repayment or prepayment made in respect thereof, and (d) as to any ABR Loan if an Event of Default
is in existence, the last day of each calendar month.

          “Interest Period”: as to any Eurodollar Loan, (a) initially, the period commencing on
the borrowing or conversion date, as the case may be, with respect to such Eurodollar Loan and
ending one, two, three or six months thereafter, as selected by the Borrower in its notice of
borrowing or notice of conversion, as the case may be, given with respect thereto; and (b)
thereafter, each period commencing on the last day of the next preceding Interest Period applicable
to such Eurodollar Loan and ending one, two, three or six months thereafter, as selected by the
Borrower by irrevocable notice to the Administrative Agent not later than 11:00 A.M., New York City
time, on the date that is three Business Days prior to the last day of the then current Interest
Period with respect thereto; provided that, all of the foregoing provisions relating to
Interest Periods are subject to the following:

     (i) if any Interest Period would otherwise end on a day that is not a Business Day,
such Interest Period shall be extended to the next succeeding Business Day unless the result
of such extension would be to carry such Interest Period into another calendar month in
which event such Interest Period shall end on the immediately preceding Business Day;

14 

 

     (ii) the Borrower may not select an Interest Period that would extend beyond the
Maturity Date; and

     (iii) any Interest Period that begins on the last Business Day of a calendar month (or
on a day for which there is no numerically corresponding day in the calendar month at the
end of such Interest Period) shall end on the last Business Day of a calendar month.

          “Investments”: an advance, loan, extension of credit (by way of guaranty or
otherwise, but excluding trade debt incurred in the ordinary course of business) or capital
contribution to, or purchase any Capital Stock, bonds, notes, loans, debentures or other debt
securities of, or any assets constituting a business unit of, or any other similar investment in,
any Person. The amount of any Investment by any Person on any date of determination shall be the
acquisition price of the gross assets acquired (including any liability assumed by such Person to
the extent such liability would be reflected on a balance sheet prepared in accordance with GAAP)
plus all additional capital contributions or purchase price paid in respect thereof,
without any adjustments for increases or decreases in value, or write-ups, write-downs or
write-offs with respect to such Investment minus the amount of all cash returns of
principal or capital thereon, cash dividends thereon and other cash returns on investment thereon
or liabilities expressly assumed by another Person (other than a Group Member) in connection with
the sale of such Investment. Whenever the term “outstanding” is used in this Agreement with
reference to an Investment, it shall take into account the matters referred to in the preceding
sentence.

          “LC Basket Limit”: $225,000,000 less the aggregate amount of any Incremental Facility
added to this Agreement pursuant to Section 2.20 that is a revolving facility to the extent such
revolving facility may be used for letters of credit.

          “Lenders”: as defined in the preamble; provided, that unless the context
otherwise requires, each reference herein to the Lenders shall be deemed to include any Conduit
Lender.

          “Lien”: any mortgage, pledge, hypothecation, deposit arrangement, encumbrance, lien
(statutory or other), charge or other security interest or any priority or other security agreement
of any kind or nature whatsoever (including any conditional sale or other title retention agreement
and any capital lease having substantially the same economic effect as any of the foregoing).

          “Liquidity”: on any date of determination, the sum, without duplication, of (i) the
cash and Cash Equivalents which are not subject to any Liens (other than (a) Liens in favor of the
Collateral Agent on behalf of the Secured Parties, (b) Liens permitted by Section 7.3(c)(ii) and
(c) inchoate Liens arising by operating of law which are not the subject of enforcement actions)
held by the Borrower and its Subsidiaries on such date and (ii) the aggregate availability under
any loan agreements or other lines of credit of the Borrower and its Subsidiaries on such date.

          “Loan Documents”: this Agreement, the Security Documents, the Intercreditor
Agreement, the Notes and any amendment, waiver, supplement or other modification to any of the
foregoing.

          “Loan Parties”: the Borrower and the Guarantors.

          “Loans”: collectively, the Closing Date Loans and the Delayed Draw Loans.

          “Material Adverse Effect”: a material adverse effect on (a) the business, property,
operations or financial condition of the Borrower and its Subsidiaries, taken as a whole or (b) the
validity

15 

 

or enforceability of this Agreement or any of the other Loan Documents or the rights or
remedies of the Administrative Agent, the Collateral Agent or the Lenders hereunder or thereunder.

          “Materials of Environmental Concern”: any gasoline or petroleum (including crude oil
or any fraction thereof) or petroleum products or any hazardous or toxic substances, materials or
wastes, defined or regulated as such in or under any Environmental Law, including asbestos,
polychlorinated biphenyls and urea-formaldehyde insulation.

          “Maturity Date”: the fifth anniversary of the Closing Date (the “Scheduled
Maturity Date”); provided that if the Second Lien Term Loans have a scheduled final
maturity date prior to the Scheduled Maturity Date and remain outstanding on the date that is three
months prior to such scheduled final maturity date (the “Accelerated Maturity Date”), the
Maturity Date shall be the Accelerated Maturity Date.

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

          “Mortgaged Property”: as defined in Section 4.20(b).

          “Mortgages”: collectively, any deeds of trust, trust deeds, hypothecs and mortgages
creating and evidencing a Lien on any real property made by the Loan Parties in favor of or for the
benefit of the Collateral Agent on behalf of the Secured Parties in form and substance reasonably
satisfactory to the Administrative Agent, in each case securing the Obligations.

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

          “Net Cash Proceeds”: (a) in connection with any Asset Sale or any Recovery Event, the
proceeds thereof in the form of cash and Cash Equivalents (including any such proceeds received by
way of deferred payment of principal pursuant to a note or installment receivable or purchase price
adjustment receivable or otherwise, but only as and when received), net of (i) attorneys’ fees,
accountants’ fees, investment banking fees, amounts required to be applied to the repayment of
Indebtedness secured by a Lien expressly permitted hereunder on any asset that is the subject of
such Asset Sale or Recovery Event (other than any Lien created pursuant to a Security Document) and
other third-party fees and expenses actually incurred in connection therewith and (ii) Taxes and
Other Taxes paid or reasonably estimated to be payable as a result of any Asset Sale or Recovery
Event (after taking into account any available tax credits or deductions and any tax sharing
arrangements), (b) in connection with any issuance or sale of Capital Stock or any incurrence of
Indebtedness, the cash proceeds received from such issuance or incurrence, net of attorneys’ fees,
investment banking fees, accountants’ fees, underwriting discounts and commissions and other
customary fees and expenses actually incurred in connection therewith, and (c) in connection with
any Receivable Financing Transaction, the initial cash purchase price received by, or Indebtedness
incurred by, any Loan Party thereunder (and any increase in the aggregate funded amount thereof)
net of attorneys’ fees, investment banking fees, accountants’ fees, underwriting discounts and
commissions and other customary fees and expenses actually incurred in connection therewith.

          “Non-Excluded Taxes”: as defined in Section 2.17(a).

          “Non-U.S. Lender”: as defined in Section 2.17(d).

          “Notes”: the collective reference to any promissory note evidencing Loans.

16 

 

          “Obligations”: the unpaid principal of and interest on (including interest accruing
after the maturity of the Loans and interest accruing after the filing of any petition in
bankruptcy, or the commencement of any insolvency, reorganization or like proceeding relating to a
Loan Party, whether or not a claim for post-filing or post-petition interest is allowed in such
proceeding) the Loans and all other obligations and liabilities of the Borrower and each Guarantor
(or, in the case of Specified Letters of Credit, each Group Member on whose account such Specified
Letter of Credit is issued and guarantee obligations of other Group Members in respect thereof) to
the Administrative Agent or to any Lender (or, in the case of Specified Letters of Credit,
Specified Swap Agreements and Specified Cash Management Agreements, any affiliate of any Lender),
whether direct or indirect, absolute or contingent, due or to become due, or now existing or
hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any other
Loan Document, any Specified Letter of Credit (and related letter of credit applications), any
Specified Swap Agreement, any Specified Cash Management Agreement or any other document made,
delivered or given in connection herewith or therewith, whether on account of principal, interest,
reimbursement obligations, Guarantee Obligations, fees, indemnities, costs, expenses (including all
reasonable fees, charges and disbursements of counsel to the Administrative Agent or to any Lender
that are required to be paid by the Borrower pursuant hereto) or otherwise.

          “Other Taxes”: 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 or any
other Loan Document, including any interest, additions to tax or penalties applicable thereto,
whether disputed or not.

          “Outstanding Amount”: with respect to the Loans at any time, the aggregate principal
amount thereof, after giving effect to any borrowings and prepayments or repayments of Loans
occurring on such date.

          “Outstanding Percentage”: as to any Lender at any time, the percentage which such
Lender’s Commitment then constitutes of the aggregate Commitments (or, (i) from the Closing Date to
the Delayed Draw Funding Date, if any, the percentage, expressed as a fraction, the numerator of
which is the sum of the amount of such Lender’s Closing Date Loan and the amount of its Delayed
Draw Commitment, the denominator of which is the sum of the amount of aggregate amount of Closing
Date Loans then outstanding and the amount of aggregate Delayed Draw Commitments and (ii) from the
earlier of the Delayed Draw Funding Date, if any, or the expiration or termination of the Delayed
Draw Availability Period, the percentage which is the aggregate principal amount of such Lender’s
Loans then outstanding constitutes of the aggregate principal amount of the Loans then
outstanding.)

          “Participant”: as defined in Section 10.6(c).

          “Participation Register”: as defined in Section 10.6(c).

          “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A
of Title IV of ERISA (or any successor).

          “Permitted Acquisition”: any Acquisition by (i) the Borrower or any of its
Subsidiaries of all or substantially all of the assets of a Person, or of all or substantially all
of any business or division of a Person or (ii) the Borrower or any of its Subsidiaries of no less
than 100% of the capital stock, partnership interests, membership interests or equity of any
Person, in each case to the extent that:

     (a) each of the conditions precedent set forth in Annex III shall have been
satisfied in a manner reasonably satisfactory to the Administrative Agent;

17 

 

     (b) such Acquisition shall not be hostile and shall have been approved by the board of
directors (or other similar body) and/or the stockholders or other equityholders of the
Target; and

     (c) no Default or Event of Default is in existence or would occur after giving effect
to such Acquisition.

          “Permitted Refinancing Indebtedness”: as defined in Section 7.2(s).

          “Permitted Second Lien Indebtedness”: (a) Indebtedness of the Borrower in respect of
the Second Lien Credit Agreement and (b) any other Indebtedness of the Borrower, provided
that (i) such other Indebtedness and any related Guarantee Obligations shall not be secured by any
Lien by which the Indebtedness in respect of the Second Lien Credit Agreement is not secured and
any such Liens shall be subordinated to the Liens securing the Facility in a manner not less
favorable to the Lenders than the subordination of the Liens securing the Indebtedness in respect
of the Second Lien Credit Agreement to the Liens securing the Facility, (ii) the Net Cash Proceeds
resulting from such other Indebtedness shall be used to refinance the Indebtedness in respect of
the Second Lien Credit Agreement, (iii) such other Indebtedness shall not have any principal
payments due prior to the date that is 91 days after the Maturity Date or, if later, the final
maturity date of any Incremental Facility, whether at maturity or otherwise, except upon the
occurrence of a change of control or similar event (including asset sales), in each case so long as
the provisions relating to change of control or similar events (including asset sales) included in
the governing instrument of such Indebtedness provide that the provisions of this Agreement must be
satisfied prior to the satisfaction of such provisions of such Indebtedness, (iv) if any covenants,
events of default, guarantees or other terms of such other Indebtedness (other than interest rate,
prepayment premiums, fees and other pricing terms) are more restrictive to the Borrower and its
Subsidiaries than those of the Facility, such covenant, event of default, guarantee or other term
as set forth from time to time on the documentation governing such other Indebtedness shall be
deemed to be incorporated in this Agreement for the benefit of the Lenders (and the Borrower agrees
to notify the Administrative Agent of the effectiveness, or amendment from time to time, of the
terms of any documentation governing such other Indebtedness and to provide a copy of such
documentation), (v) no Subsidiary of the Borrower that is not a Guarantor of the Facility is an
obligor in respect of such other Indebtedness and (vi) such other Indebtedness bears interest at a
rate, which rate shall be, in the good faith judgment of the Borrower’s board of directors,
consistent with the market at the time of issuance for similar Indebtedness for comparable issuers
or borrowers.

          “Person”: an individual, partnership, corporation, limited liability company,
business trust, joint stock company, trust, unincorporated association, joint venture, Governmental
Authority or other entity of whatever nature.

          “Petition Date”: as defined in the recitals hereto.

          “Plan”: at a particular time, any employee pension benefit plan (as defined in
Section 3(2) of ERISA) in respect of which a Loan Party or any ERISA Affiliate is (or, if such plan
were terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer” as
defined in Section 3(5) of ERISA.

          “Plan of Reorganization” as defined in the recitals hereto.

          “Prime Rate”: the rate of interest per annum publicly announced from time to time by
JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office in New York City (the
Prime

18 

 

Rate not being intended to be the lowest rate of interest charged by JPMorgan Chase Bank, N.A.
in connection with extensions of credit to debtors).

          “Prohibited Transaction”: as defined in Section 406 of ERISA or Section 4975 of the
Code.

          “Pro Forma Balance Sheet”: as defined in Section 4.18.

          “Projections”: as defined in Section 6.2(c).

          “Properties”: as defined in Section 4.16(a).

          “Receivable Financing Transaction”: any transaction or series of transactions
involving a sale for cash of accounts receivable, without recourse based upon the collectibility of
the receivables sold, by the Borrower or any of its Subsidiaries to a Special Purpose Subsidiary
and a subsequent sale or pledge of such accounts receivable (or an interest therein) by such
Special Purpose Subsidiary, in each case without any guarantee by the Borrower or any of its
Subsidiaries (other than the Special Purpose Subsidiary).

          “Recovery Event”: any settlement of or payment in respect of any property or casualty
insurance claim or any condemnation proceeding relating to any asset of any Group Member in an
amount in excess of $2,500,000.

          “Refinanced Term Loans”: as defined in Section 10.1(d).

          “Register”: as defined in Section 10.6(b).

          “Regulation U”: Regulation U of the Board as in effect from time to time.

          “Reinvestment Deferred Amount”: with respect to any Reinvestment Event, the aggregate
Net Cash Proceeds received by any Group Member in connection therewith that are not applied to
prepay the Loans pursuant to Section 2.9(b) as a result of the delivery of a Reinvestment Notice.

          “Reinvestment Event”: any Asset Sale or Recovery Event in respect of which the
Borrower has delivered a Reinvestment Notice.

          “Reinvestment Notice”: a written notice executed by a Responsible Officer stating
that no Event of Default has occurred and is continuing and that the Borrower (directly or
indirectly through a Subsidiary) intends and expects to use all or a specified portion of the Net
Cash Proceeds of an Asset Sale or a Recovery Event in the business.

          “Reinvestment Prepayment Amount”: with respect to any Reinvestment Event, the
Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant
Reinvestment Prepayment Date to acquire or repair assets useful in the businesses of the Borrower
and its Subsidiaries.

          “Reinvestment Prepayment Date”: with respect to any Reinvestment Event, the earlier
of (a) the date occurring 360 days after such Reinvestment Event (provided that if on such
360th day, the applicable Reinvestment Prepayment Amount is contractually committed to
acquire or repair assets useful in the businesses of the Borrower and its Subsidiaries, the
Reinvestment Prepayment Date with respect to such amount shall be the earlier of (i) the date
occurring 450 days after such Reinvestment Event, (ii) the

19 

 

date of termination of such commitment, and (iii) if such amount is not so expended, the first
Business Day following the date such amount was contractually committed to be expended) and (b) the
date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire
or repair assets useful in the businesses of the Borrower and its Subsidiaries with all or any
portion of the relevant Reinvestment Deferred Amount.

          “Related Parties”: as defined in Section 9.3.

          “Replacement Revolving Facility”: as defined in Section 10.1(d).

          “Replacement Term Loans”: as defined in Section 10.1(d).

          “Reorganization”: with respect to any Multiemployer Plan, the condition that such
plan is in reorganization within the meaning of Section 4241 of ERISA.

          “Reorganized Lear Corporation”: Lear Corporation, as reorganized pursuant to and
under the Plan of Reorganization.

          “Reportable Event”: any of the events set forth in Section 4043(c) of ERISA or the
regulations thereunder, other than those events as to which the thirty day notice period is waived
under PBGC regulations.

          “Required Lenders”: at any time, Lenders holding more than 50% of (a) until the
Closing Date, the Commitments then in effect, (b) after the Closing Date and until the Delayed Draw
Funding Date or termination of the Delayed Draw Commitments, the aggregate of the Outstanding
Amount and Delayed Draw Commitments then in effect and (c) thereafter, the Outstanding Amount;
provided that the portion of the Outstanding Amount and Commitments held or deemed held by
any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders.

          “Requirement of Law”: as to any Person, the Certificate of Incorporation and By-Laws
or other organizational or governing documents of such Person, and any law, treaty, rule or
regulation or determination of an arbitrator or a court or other Governmental Authority, in each
case applicable to or binding upon such Person or any of its property or to which such Person or
any of its property is subject.

          “Responsible Officer”: with respect to any Loan Party, the chief executive officer,
the president, the chief financial officer, any vice president, the treasurer or the assistant
treasurer of such Loan Party.

          “Restricted Payments”: as defined in Section 7.6.

          “S&P”: Standard & Poor’s Ratings Services.

          “SEC”: the Securities and Exchange Commission, any successor thereto and any
analogous Governmental Authority.

          “Second Lien Agent”: JPMorgan Chase Bank, N.A., as the administrative agent for the
lenders under the Second Lien Credit Agreement, together with any of its successors.

          “Second Lien Credit Agreement”: the Second Lien Credit Agreement to be executed on or
about the Effective Date, among Reorganized Lear Corporation, the several lenders from time to time

20 

 

parties thereto and the Second Lien Agent, as amended, supplemented, restated or otherwise
modified from time to time to the extent permitted by Section 7.15.

          “Second Lien Term Loans”: the term loans outstanding under the Second Lien Credit
Agreement.

          “Second Lien Term Loan Documents”: the “Loan Documents” as defined in the Second Lien
Credit Agreement.

          “Secured Parties”: collectively, the Administrative Agent, the Lenders, each provider
under a Specified Cash Management Agreement, each issuer of a Specified Letter of Credit, each
counterparty to a Specified Swap Agreement, the Persons entitled to indemnification under the Loan
Documents and each co-agent or sub-agent appointed by the Administrative Agent from time to time
pursuant to Section 9.2.

          “Security Documents”: the collective reference to the Guarantee and Collateral
Agreement, the Mortgages and all other security documents hereafter delivered to the Administrative
Agent and the Collateral Agent granting a Lien on any property of any Person to secure the
obligations and liabilities of any Loan Party under any Loan Document.

          “Seller Debt”: unsecured debt owing to the seller in a Permitted Acquisition.

          “Series A Preferred Stock”: as defined in the Plan of Reorganization.

          “Single Employer Plan”: any Plan that is covered by Title IV of ERISA, but that is
not a Multiemployer Plan.

          “Solvent”: when used with respect to any Person, means that, as of any date of
determination, (a) the amount of the “present fair saleable value” of the assets of such Person
will, as of such date, exceed the amount of all “liabilities of such Person, contingent or
otherwise”, as of such date, as such quoted terms are determined in accordance with applicable
federal and state laws governing determinations of the insolvency of debtors, (b) the present fair
saleable value of the assets of such Person will, as of such date, be greater than the amount that
will be required to pay the liability of such Person on its debts as such debts become absolute and
matured, (c) such Person will not have, as of such date, an unreasonably small amount of capital
with which to conduct its business, and (d) such Person will be able to pay its debts as they
mature. For purposes of this definition, (i) “debt” means liability on a “claim”, and (ii) “claim”
means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated,
unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable,
secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach
gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to
judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured.

          “Special Purpose Subsidiary”: any Wholly Owned Subsidiary of the Borrower created by
the Borrower for the sole purpose of facilitating a Receivable Financing Transaction;
provided, that such Special Purpose Subsidiary shall cease to be a Special Purpose
Subsidiary if at any time (a) such Special Purpose Subsidiary engages in any business other than
Receivable Financing Transactions and activities directly related thereto or (b) the Borrower or
any of its Subsidiaries (other than a Special Purpose Subsidiary) or any of their respective assets
incur any liability, direct or indirect, contingent or otherwise, in respect of any obligation of a
Special Purpose Subsidiary whether arising under or in connection with any Receivable Financing
Transaction or otherwise (other than Standard Securitization Undertakings); provided
further, however, that if the law of a jurisdiction in which the Borrower proposes to
create a

21 

 

Special Purpose Subsidiary does not provide for the creation of a bankruptcy remote entity
that is acceptable to the Borrower or requires the formation of one or more additional entities
(whether or not Subsidiaries of the Borrower), such other type of entity may, upon the request of
the Borrower and with the consent of the Administrative Agent (such consent not to be unreasonably
withheld) serve as a “Special Purpose Subsidiary.”

          “Specified Cash Management Agreement”: any agreement providing for treasury,
depositary or cash management services, including in connection with any automated clearing house
transactions, controlled disbursements, return items, overdrafts, interstate depository network
services or any similar transactions between the Borrower or any Guarantor (or guaranteed by the
Borrower or any Guarantor) and any Lender (or any affiliate thereof) at the time such obligations
were created or any institution that was (or whose affiliate was) a Lender in the primary
syndication of the Facility.

          “Specified Jurisdiction”: any country, state or other jurisdictional subdivision
outside North America or Europe.

          “Specified Letters of Credit”: any letter of credit (a) issued for the account of any
Group Member by any Lender at the time such agreement is entered into or any affiliate thereof at
the time such letter of credit is issued and (b) that has been designated by the relevant Lender
and such Group Member, by written notice to the Administrative Agent prior to the issuance thereof,
as a Specified Letter of Credit and with respect to which the Administrative Agent has confirmed to
the relevant Lender sufficient availability pursuant to Section 7.2(i). Such designation shall not
create in favor of such Lender or affiliate of a Lender any rights in connection with the
management or release of any Collateral or of the obligations of any Loan Party hereunder or under
any Collateral Document.

          “Specified Swap Agreement”: any Swap Agreement (a) entered into by the Borrower or
any Guarantor and any Person that is a Lender or an affiliate of a Lender at the time such Swap
Agreement is entered into and (b) that has been designated by the relevant Lender and such Group
Member, by written notice to the Administrative Agent prior to the effectiveness thereof, as a
Specified Swap Agreement. Such designation shall not create in favor of such Lender or affiliate
of a Lender any rights in connection with the management or release of any Collateral or of the
obligations of any Loan Party hereunder or under any Collateral Document. For purposes hereof a
Specified Swap Agreement shall include any trade executed pursuant to a master agreement which is a
Specified Swap Agreement.

          “Standard Securitization Undertakings”: representations, warranties, covenants and
indemnities entered into by the Borrower or any Subsidiary thereof in connection with a Receivable
Financing Transaction which are reasonably customary in an accounts receivable financing
transaction.

          “Subsidiary”: as to any Person, a corporation, partnership, limited liability company
or other entity of which shares of stock or other ownership interests having ordinary voting power
(other than stock or such other ownership interests having such power only by reason of the
happening of a contingency) to elect a majority of the board of directors or other managers of such
corporation, partnership or other entity are at the time owned, or the management of which is
otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such
Person (exclusive of any Affiliate in which such Person has a minority ownership interest). Unless
otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall
refer to a Subsidiary or Subsidiaries of the Borrower.

          “Swap Agreement”: any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or
more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing

22 

 

indices or measures of economic, financial or pricing risk or value or any similar transaction
or any combination of these transactions.

          “Target”: the Person, or business or substantially all of the assets of a Person or a
division of a Person intended to be acquired in a Permitted Acquisition.

          “Taxes”: all present or future taxes, duties, levies, imposts, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental Authority, including
any interest, additions to tax or penalties applicable thereto, whether disputed or not.

          “3% Subsidiary”: at any time, any Subsidiary of the Borrower which, based on the
financial statements most recently delivered pursuant to subsection 6.1(a) or (b), constituted at
least 3% of Consolidated Assets or for the twelve month period ended on the date of such financial
statements represented at least 3% of Consolidated Revenues, in each case determined using the
equity method of accounting in accordance with GAAP.

          “Ticking Fee”: as defined in Section 2.6(a).

          “Title Insurance Company”: as defined in Section 5(t)(ii).

          “Transferee”: any Assignee or Participant.

          “Type”: as to any Loan, its nature as an ABR Loan or a Eurodollar Loan.

          “UCC”: the Uniform Commercial Code, as in effect from time to time in the State of
New York or any other applicable jurisdiction.

          “Upfront Fees”: as defined in Section 2.6(b).

          “United States”: the United States of America.

          “Wholly Owned Subsidiary”: as to any Person, any other Person all of the Capital
Stock of which (other than directors’ qualifying shares required by law) is owned by such Person
directly and/or through other Wholly Owned Subsidiaries.

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

          1.2. Other Definitional Provisions. (a) Unless otherwise specified therein, all terms
defined in this Agreement shall have the defined meanings when used in the other Loan Documents or
any certificate or other document made or delivered pursuant hereto or thereto.

          (b) As used herein and in the other Loan Documents, and any certificate or other document made
or delivered pursuant hereto or thereto, (i) accounting terms relating to any Group Member not
defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not
defined, shall have the respective meanings given to them under GAAP, as in effect from time to
time; provided that, if the Borrower notifies the Administrative Agent that the Borrower requests
an amendment to any provision hereof to eliminate the effect of any change occurring after the date
hereof in GAAP or in the application thereof on the operation of such provision (or if the
Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any
provision hereof for such purpose), regardless of whether any such notice is given before or after
such change in GAAP or in the

23 

 

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 by the Borrower or the Administrative Agent, as the case may be, or such
provision amended in accordance herewith, (ii) the words “include”, “includes” and “including”
shall be deemed to be followed by the phrase “without limitation”, (iii) the word “incur” shall be
construed to mean incur, create, issue, assume or become liable in respect of or suffer to exist
(and the words “incurred” and “incurrence” shall have correlative meanings), (iv) the words “asset”
and “property” shall be construed to have the same meaning and effect and to refer to any and all
tangible and intangible assets and properties, including cash, Capital Stock, securities, revenues,
accounts, leasehold interests and contract rights, and (v) references to agreements or other
Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or
Contractual Obligations as amended, supplemented, restated or otherwise modified from time to time.

          (c) The words “hereof”, “herein” and “hereunder” and words of similar import, when used in
this Agreement, shall refer to this Agreement as a whole and not to any particular provision of
this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise
specified.

          (d) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms.

          (e) When determining whether a Default or Event of Default pursuant to Section 7.1 shall be in
existence after giving pro forma effect to a certain event, the covenant levels to be used in
making such determination shall be those in effect as of the last day of the most recent fiscal
quarter of the Borrower for which financial reports are required to have been delivered pursuant to
Section 6.1.

SECTION 2. AMOUNT AND TERMS OF LOANS

          2.1. Loans. Subject to the terms and conditions set forth herein, each Lender listed on
Schedule 1.1A hereto has severally agreed to make (a) term loans (the “Closing Date Loans”)
on the Closing Date in the full amount of such Lender’s Closing Date Commitment to the Borrower and
(b) term loans (the “Delayed Draw Loans”; together with the Closing Date Loans, the
“Loans”) on one occasion during the Delayed Draw Availability Period in the full amount of
such Lender’s Delayed Draw Commitment to the Borrower. The Loans may from time to time be
Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative
Agent in accordance with Sections 2.2 and 2.10.

          2.2. Procedure for Borrowing. The Borrower shall give the Administrative Agent irrevocable
notice (which notice must be received by the Administrative Agent prior to 12 noon, New York City
time, one Business Day prior to the anticipated Closing Date or Delayed Draw Funding Date, as
applicable) requesting that the Lenders make the Loans on the Closing Date or Delayed Draw Funding
Date, as applicable, and specifying the amount of such Loans, and in the case of Eurodollar Loans,
the amount and length of the Interest Period therefor. Upon receipt of such notice the
Administrative Agent shall promptly notify each applicable Lender thereof. Not later than 12:00
Noon, New York City time, on the Closing Date or Delayed Draw Funding Date, as applicable, each
Lender shall make available to the Administrative Agent at the Funding Office an amount in
immediately available funds equal to the Closing Date Loan or the Delayed Draw Loan, as applicable,
to be made by such Lender. The Administrative Agent shall credit the account of the Borrower on
the books of such office of the Administrative Agent with the aggregate of the amounts made
available to the Administrative Agent by the Lenders in immediately available funds.

24 

 

          2.3. [Reserved].

          2.4. Maturity and Repayment of Loans.

          (a) The Closing Date Loan of each Lender shall mature in nineteen consecutive quarterly
installments commencing on the last day of the first full calendar quarter following the Closing
Date, each of which shall be in an amount equal to the percentage set forth below opposite such
date multiplied by the amount of such Lender’s Closing Date Loan funded on the Closing Date (it
being understood that if the Maturity Date is the Accelerated Maturity Date, there shall be fewer
quarterly installments and the final installment shall be increased accordingly):

	 	 	 	 	 
	Payment Date	 	Percentage
	March 31, 2010
	 	 	0.25	%
	June 30, 2010
	 	 	0.25	%
	September 30, 2010
	 	 	0.25	%
	December 31, 2010
	 	 	0.25	%
	March 31, 2011
	 	 	0.25	%
	June 30, 2011
	 	 	0.25	%
	September 30, 2011
	 	 	0.25	%
	December 31, 2011
	 	 	0.25	%
	March 31, 2012
	 	 	0.25	%
	June 30, 2012
	 	 	0.25	%
	September 30, 2012
	 	 	0.25	%
	December 31, 2012
	 	 	0.25	%
	March 31, 2013
	 	 	0.25	%
	June 30, 2013
	 	 	0.25	%
	September 30, 2013
	 	 	0.25	%
	December 31, 2013
	 	 	0.25	%
	March 31, 2014
	 	 	0.25	%
	June 30, 2014
	 	 	0.25	%
	September 30, 2014
	 	 	0.25	%
	Maturity Date
	 	 	95.25	%

          (b) The Delayed Draw Loan of each Lender shall mature in nineteen consecutive quarterly
installments, commencing on the last day of the first full calendar quarter following the Delayed
Draw Funding Date, each of which shall be in an amount equal to the percentage set forth below
opposite such date multiplied by the amount of such Lender’s Delayed Draw Loan outstanding at the
end of the Delayed Draw Availability Period (it being understood that if the Maturity Date is the
Accelerated Maturity Date, there shall be fewer quarterly installments and the final installment
shall be increased accordingly):

25 

 

	 	 	 	 	 
	Payment Date	 	Percentage
	March 31, 2010
	 	 	0.25	%
	June 30, 2010
	 	 	0.25	%
	September 30, 2010
	 	 	0.25	%
	December 31, 2010
	 	 	0.25	%
	March 31, 2011
	 	 	0.25	%
	June 30, 2011
	 	 	0.25	%
	September 30, 2011
	 	 	0.25	%
	December 31, 2011
	 	 	0.25	%
	March 31, 2012
	 	 	0.25	%
	June 30, 2012
	 	 	0.25	%
	September 30, 2012
	 	 	0.25	%
	December 31, 2012
	 	 	0.25	%
	March 31, 2013
	 	 	0.25	%
	June 30, 2013
	 	 	0.25	%
	September 30, 2013
	 	 	0.25	%
	December 31, 2013
	 	 	0.25	%
	March 31, 2014
	 	 	0.25	%
	June 30, 2014
	 	 	0.25	%
	September 30, 2014
	 	 	0.25	%
	Maturity Date
	 	 	95.25	%

          2.5. [Reserved].

          2.6. Fees. (a) The Borrower agrees to pay to the Administrative Agent, for the account of
each Lender, a ticking fee (the “Ticking Fee”) in an amount equal to 0.75% per annum of the
Commitment of such Lender, from the effective date of this Agreement pursuant to Section 10.18
until the Closing Date, payable on the Closing Date.

          (b) The Borrower agrees to pay to the Administrative Agent, for the account of each Lender,
upfront fees (the “Upfront Fees”) (i) in an amount equal to 1.00% of the Closing Date
Commitment of such Lender, payable on the Closing Date and (ii) in an amount equal to 1.00% of the
Delayed Draw Commitment of such Lender that is funded on the Delayed Draw Funding Date, payable on
the Delayed Draw Funding Date.

          (c) The Borrower agrees to pay to the Administrative Agent, for the account of each Lender, a
commitment fee (the “Delayed Draw Commitment Fee”) in an amount equal to 2.00% per annum of
the Delayed Draw Commitments from the Closing Date until the earlier of the Delayed Draw Funding
Date or termination of the Delayed Draw Commitments, pursuant to Section 2.7, payable on the
Delayed Draw Funding Date or termination of the Delayed Draw Commitments, as applicable.

26 

 

          (d) The Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the
dates as set forth in any fee agreements with the Administrative Agent and to perform any other
obligations contained therein.

          2.7.   Termination or Reduction of Commitments.

          (a) Unless previously terminated, (i) the Closing Date Commitments shall terminate on the
earlier of (x) the funding of the Closing Date Loans on the Closing Date and (y) 5:00 p.m., New
York City time, on December 15, 2009 and (ii) the Delayed Draw Commitments shall terminate at 5:00
p.m., New York City time, on the date that is 35 days after the Closing Date (or, if the Closing
Date does not occur by 5:00 p.m., New York City time, on December 15, 2009, at such time).

          (b) The Borrower shall have the right, upon not less than three Business Days’ notice to the
Administrative Agent, to terminate any Commitments or, from time to time, to reduce the amount of
any Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple
thereof, and shall reduce permanently the applicable Commitments then in effect.

          2.8. Optional Prepayments.

          (a) Subject to subsection (b) below, the Borrower may at any time and from time to time prepay
the Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to
the Administrative Agent no later than 1:00 P.M., New York City time, three Business Days prior
thereto, in the case of Eurodollar Loans, and one Business Day prior thereto, in the case of ABR
Loans (provided that ABR Loans may be prepaid on the same Business Day if notice is received by the
Administrative Agent no later than 12:00 P.M., New York City time), which notice shall specify the
date and amount of prepayment and Type of the Loans being prepaid, as applicable; provided, that if
a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable
thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.18. Upon receipt of
any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If
any such notice is given, the amount specified in such notice shall be due and payable on the date
specified therein, together with accrued interest to such date on the amount prepaid. Partial
prepayments of Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple of
$1,000,000 in excess thereof. Partial optional prepayments of the Loans shall be ratable as among
the Lenders thereof.

          (b) All voluntary prepayments of Loans effected on or prior to the first anniversary of the
Closing Date with the proceeds of a substantially concurrent issuance of loans under any secured
credit facilities (excluding a refinancing of the Facility in connection with another transaction
not permitted by this Agreement (as determined prior to giving effect to any amendment or waiver of
this Agreement being adopted in connection with such transaction), provided that the
primary purpose of such transaction is not to refinance Indebtedness hereunder at an Applicable
Margin or similar interest rate spread more favorable to the Borrower), shall be accompanied by a
prepayment fee of 1.00% of the aggregate amount of such prepayments if the Applicable Margin or
similar interest rate spread applicable to such new loans is or, upon the satisfaction of certain
conditions, would be less than the Applicable Margin applicable to the Loans, as of the date
hereof. Such prepayment fee shall be paid by the Borrower to the Administrative Agent, for the
account of the Lenders, on the date of such prepayment.

          2.9. Mandatory Prepayments. (a) If any Capital Stock or Indebtedness shall be issued or
incurred by any Group Member (excluding any Excluded Issuance and any Indebtedness permitted by
Section 7.2(a) through (s)) an amount equal to the Equity Sweep Percentage of such Net Cash
Proceeds in the case of Capital Stock and 100% of the Net Cash Proceeds in the case of Indebtedness
shall be applied

27 

 

by the Borrower on the date of receipt thereof by such Group Member toward the prepayment of
the Loans as set forth in Section 2.9(e).

          (b) If on any date any Group Member shall receive Net Cash Proceeds from any Asset Sale or
Recovery Event then, unless a Reinvestment Notice shall have been timely delivered in respect
thereof, an amount equal to 100% of such Net Cash Proceeds shall be applied by or on behalf of the
Borrower promptly but no later than the end of the fiscal month following the fiscal month in which
such Net Cash Proceeds are received) toward the prepayment of the Loans as set forth in Section
2.9(e); provided that notwithstanding the foregoing, (i) the aggregate Net Cash Proceeds of
Asset Sales that may be excluded from the foregoing prepayment requirement pursuant to Reinvestment
Notices shall not exceed $150,000,000 in any fiscal year of the Borrower and (ii) on each
Reinvestment Prepayment Date, an amount equal to the Reinvestment Prepayment Amount with respect to
the relevant Reinvestment Event shall be applied toward the prepayment of the Loans as set forth in
Section 2.9(e).

          (c) If, for (i) the period from the first anniversary of the Closing Date through the end of
the then current fiscal year of the Borrower or (ii) any fiscal year of the Borrower thereafter,
there shall be Excess Cash Flow, the Borrower shall, on the relevant Excess Cash Flow Application
Date, apply the ECF Percentage of such Excess Cash Flow toward the prepayment of the Loans as set
forth in Section 2.9(e). Each such prepayment shall be made on a date (an “Excess Cash Flow
Application Date”) no later than five Business Days after the earlier of (i) the date on which
the financial statements of the Borrower referred to in Section 6.1(a), for the fiscal year with
respect to which such prepayment is made, are required to be delivered to the Lenders and (ii) the
date such financial statements are actually delivered.

          (d) Following the establishment of any Receivable Financing Transaction by the Borrower or any
of its Domestic Subsidiaries, an amount equal to 100% of the Net Cash Proceeds thereof shall be
promptly applied by or on behalf of the Borrower toward the prepayment of the Loans as set forth in
Section 2.9(e).

          (e) Amounts to be applied in connection with prepayments made pursuant to this Section 2.9
shall be made ratably among the Lenders of the Loans. The application of any prepayment made
pursuant to this Section 2.9 shall be made, first, to ABR Loans and, second, to
Eurodollar Loans. Each prepayment of the Loans under Section 2.9 shall be accompanied by accrued
interest to the date of such prepayment on the amount prepaid and, if a Eurodollar Loan is prepaid
on any day other the last day of the Interest Period applicable thereto, the Borrower shall also
pay amounts owing pursuant to Section 2.18.

          2.10. Conversion and Continuation Options. (a) The Borrower may elect from time to time to
convert Eurodollar Loans to ABR Loans by giving the Administrative Agent prior irrevocable notice
of such election no later than 11:00 A.M., New York City time, on the Business Day preceding the
proposed conversion date. The Borrower may elect from time to time to convert ABR Loans to
Eurodollar Loans by giving the Administrative Agent prior irrevocable notice of such election no
later than 11:00 A.M., New York City time, on the third Business Day preceding the proposed
conversion date (which notice shall specify the length of the initial Interest Period therefor),
provided that no ABR Loan may be converted into a Eurodollar Loan when any Event of Default has
occurred and is continuing and the Administrative Agent has or the Required Lenders have determined
in its or their sole discretion not to permit such conversions. Upon receipt of any such notice
the Administrative Agent shall promptly notify each relevant Lender thereof.

          (b) Any Eurodollar Loan may be continued as such upon the expiration of the then current
Interest Period with respect thereto by the Borrower giving irrevocable notice to the
Administrative Agent, in accordance with the applicable provisions of the term “Interest Period”
set forth

28 

 

in Section 1.1, of the length of the next Interest Period to be applicable to such Loans,
provided that no Eurodollar Loan may be continued as such when any Event of Default has
occurred and is continuing and the Administrative Agent has or the Required Lenders have determined
in its or their sole discretion not to permit such continuations, and provided,
further, that if the Borrower shall fail to give any required notice as described above in
this paragraph or if such continuation is not permitted pursuant to the preceding proviso such
Loans shall be automatically converted to ABR on the last day of such then expiring Interest
Period. Upon receipt of any such notice the Administrative Agent shall promptly notify each
relevant Lender thereof.

          2.11. Limitations on Eurodollar Tranches. Notwithstanding anything to the contrary in this
Agreement, all borrowings, conversions and continuations of Eurodollar Loans and all selections of
Interest Periods shall be in such amounts and be made pursuant to such elections so that, (a) after
giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each
Eurodollar Tranche shall be equal to $1,000,000 or a whole multiple of $500,000 in excess thereof
and (b) no more than ten Eurodollar Tranches shall be outstanding at any one time.

          2.12. Interest Rates and Payment Dates. (a) Subject to the provisions of Section 2.12(c),
each Eurodollar Loan shall bear interest for each day during each Interest Period with respect
thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the
Applicable Margin.

          (b) Subject to the provisions of Section 2.12(c), each ABR Loan shall bear interest at a rate
per annum equal to the ABR plus the Applicable Margin.

          (c) If any Event of Default shall have occurred and be continuing, on and after the date the
Borrower receives notice from the Administrative Agent stating that interest is to accrue pursuant
to this paragraph (c) or following acceleration of payment of the Loans, all outstanding Loans and
other Obligations under the Loan Documents (whether or not overdue at such time) shall bear
interest at a rate per annum equal to (i) in the case of the Loans, the rate that would otherwise
be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or and
(ii) in the case of any other Obligation, the rate then applicable to ABR Loans plus 2%, in
each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such
amount is paid in full (after as well as before judgment).

          (d) Interest shall be payable in arrears on each Interest Payment Date, provided that
interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on
demand.

          2.13. Computation of Interest and Fees. (a) Interest and fees payable pursuant hereto
shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with
respect to ABR Loans the rate of interest on which is calculated on the basis of the Prime Rate,
the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day
year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the
Borrower and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the
interest rate on a Loan resulting from a change in the ABR or the Eurocurrency Reserve Requirements
shall become effective as of the opening of business on the day on which such change becomes
effective. The Administrative Agent shall as soon as practicable notify the Borrower and the
relevant Lenders of the effective date and the amount of each such change in interest rate.

          (b) Each determination of an interest rate by the Administrative Agent pursuant to any
provision of this Agreement shall be presumptively correct and binding on the Borrower and the
Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the
Borrower,

29 

 

deliver to the Borrower a statement showing the quotations used by the Administrative Agent in
determining any interest rate pursuant to Section 2.12(a).

          2.14. Inability to Determine Interest Rate. If prior to the first day of any Interest
Period:

     (a) the Administrative Agent shall have determined (which determination shall
be presumptively correct and binding upon the Borrower) that, by reason of
circumstances affecting the relevant market, adequate and reasonable means do not
exist for ascertaining the Eurodollar Rate for such Interest Period, or

     (b) the Administrative Agent shall have received notice from the Required
Lenders that the Eurodollar Rate determined or to be determined for such Interest
Period will not adequately and fairly reflect the cost to such Lenders (as
conclusively certified by such Lenders) of making or maintaining their affected
Loans during such Interest Period,

the Administrative Agent shall give telecopy or telephonic notice thereof to the Borrower and the
relevant Lenders as soon as practicable thereafter. If such notice is given (x) any Eurodollar
Loans requested to be made on the first day of such Interest Period shall be made as ABR Loans,
(y) any Loans that were to have been converted on the first day of such Interest Period to
Eurodollar Loans shall be continued as ABR Loans and (z) any outstanding Eurodollar Loans shall be
converted, on the last day of the then-current Interest Period, to ABR Loans. Until such notice
has been withdrawn by the Administrative Agent (which the Administrative Agent shall do promptly
after the circumstances giving rise to such event no longer exist), no further Eurodollar Loans
shall be made or continued as such, nor shall the Borrower have the right to convert Loans to
Eurodollar Loans.

          2.15.
 Pro Rata Treatment and Payments. (a) Except as otherwise provided herein, each
payment by the Borrower on account of any fee payable to Lenders shall be made pro rata according
to the respective Outstanding Percentages, Closing Date Percentages or Delayed Draw Percentages, as
applicable, of the relevant Lenders entitled thereto.

          (b) Except as otherwise provided herein, each payment (including each prepayment) by the
Borrower on account of principal of and interest on the Loans shall be made pro
rata according to the respective Outstanding Percentages of the relevant Lenders entitled
thereto. The amount of each principal prepayment of the Loans shall be applied to reduce the then
remaining installments of the Loans (i) as directed by the Borrower in the case of prepayments made
pursuant to Section 2.8 and (ii) ratably based upon the respective then remaining principal amounts
thereof in the case of prepayments made pursuant to Section 2.9. Amounts prepaid on account of the
Loans may not be reborrowed.

          (c) All payments (including prepayments) to be made by the Borrower hereunder, whether on
account of principal, interest, fees or otherwise, shall be made without setoff or counterclaim and
shall be made prior to 12:00 Noon, New York City time, on the due date thereof to the
Administrative Agent, for the account of the Lenders, at the Funding Office, in Dollars and in
immediately available funds. The Administrative Agent shall distribute such payments to each
relevant Lender promptly upon receipt in like funds as received. If any payment hereunder (other
than payments on the Eurodollar Loans) becomes due and payable on a day other than a Business Day,
such payment shall be extended to the next succeeding Business Day. If any payment on a Eurodollar
Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be
extended to the next succeeding Business Day unless the result of such extension would be to extend
such payment into another calendar month, in which event such payment shall be made on the
immediately preceding Business Day. In the case of any

30 

 

extension of any payment of principal pursuant to the preceding two sentences, interest
thereon shall be payable at the then applicable rate during such extension.

          (d) Unless the Administrative Agent shall have been notified in writing by any Lender prior to
a borrowing that such Lender will not make the amount that would constitute its share of such
borrowing available to the Administrative Agent, the Administrative Agent may assume that such
Lender is making such amount available to the Administrative Agent, and the Administrative Agent
may, in reliance upon such assumption, make available to the Borrower a corresponding amount. If
such amount is not made available to the Administrative Agent by the required time on the date of
borrowing therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with
interest thereon, at a rate equal to the greater of (i) the Federal Funds Effective Rate and (ii) a
rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation, for the period until such Lender makes such amount immediately available to the
Administrative Agent. A certificate of the Administrative Agent submitted to any Lender with
respect to any amounts owing under this paragraph shall be conclusive in the absence of manifest
error. If such Lender’s share of such borrowing is not made available to the Administrative Agent
by such Lender within three Business Days after such date of borrowing, the Administrative Agent
shall also be entitled to recover such amount with interest thereon at the rate per annum
applicable thereto, within three Business Days after demand therefor from the Borrower.

          (e) Unless the Administrative Agent shall have been notified in writing by the Borrower prior
to the date of any payment due to be made by the Borrower hereunder that the Borrower will not make
such payment to the Administrative Agent, the Administrative Agent may assume that the Borrower is
making such payment, and the Administrative Agent may, but shall not be required to, in reliance
upon such assumption, make available to the Lenders their respective pro rata
shares of a corresponding amount. If such payment is not made to the Administrative Agent by the
Borrower within three Business Days after such due date, the Administrative Agent shall be entitled
to recover, on demand, from each Lender to which any amount which was made available pursuant to
the preceding sentence, such amount with interest thereon at the rate per annum equal to the daily
average Federal Funds Effective Rate. Nothing herein shall be deemed to limit the rights of the
Administrative Agent or any Lender against the Borrower.

          (f) If any Lender shall fail to make any payment required to be made by it pursuant to Section
2.15(d), 2.15(e) or 9.7, then the Administrative Agent may, in its discretion (notwithstanding any
contrary provision of this Agreement), 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.

          2.16.

 Requirements of Law. (a) If the adoption of or any change in any Requirement of Law
or in the interpretation or application thereof or compliance by any Lender with any request or
directive (whether or not having the force of law) from any central bank or other Governmental
Authority, in each case, made subsequent to the date hereof:

	 	(i)	 	shall subject any Lender to any tax of any kind whatsoever with respect to
this Agreement or any Eurodollar Loan made by it, or change the basis of taxation of
payments to such Lender in respect thereof (except for Non-Excluded Taxes covered by
Section 2.17 and changes in the rate of tax on the overall net income of such Lender);
	 
	 	(ii)	 	shall impose, modify or hold applicable any reserve, special deposit,
compulsory loan or similar requirement against assets held by, deposits or other
liabilities in or for the account of, advances, loans or other extensions of credit
by, or any other acquisition of

31 

 

	 	 	 	funds by, any office of such Lender that is not otherwise included in the
determination of the Eurodollar Rate; or
	 
	 	(iii)	 	shall impose on such Lender any other condition;

and the result of any of the foregoing is to increase the cost to such Lender, by an amount that
such Lender reasonably deems to be material, of making, converting into, continuing or maintaining
Eurodollar Loans, or to reduce any amount receivable hereunder in respect thereof, then, in any
such case, the Borrower shall promptly pay such Lender, within 30 days after receipt of a
reasonably detailed invoice therefor, any additional amounts necessary to compensate such Lender
for such increased cost or reduced amount receivable. If any Lender becomes entitled to claim any
additional amounts pursuant to this paragraph, it shall promptly notify the Borrower (with a copy
to the Administrative Agent) of the event by reason of which it has become so entitled.

          (b) If any Lender shall have determined that the adoption of or any change in any Requirement
of Law regarding capital adequacy or in the interpretation or application thereof or compliance by
such Lender or any corporation controlling such Lender with any request or directive regarding
capital adequacy (whether or not having the force of law) from any Governmental Authority, in each
case, made subsequent to the date hereof shall have the effect of reducing the rate of return on
such Lender’s or such corporation’s capital as a consequence of its obligations hereunder to a
level below that which such Lender or such corporation could have achieved but for such adoption,
change or compliance (taking into consideration such Lender’s or such corporation’s policies with
respect to capital adequacy) by an amount reasonably deemed by such Lender to be material, then
from time to time, after submission by such Lender to the Borrower (with a copy to the
Administrative Agent) of a written request therefor, the Borrower shall pay to such Lender such
additional amount or amounts as will compensate such Lender or such corporation for such reduction.

          (c) A certificate as to any additional amounts payable pursuant to this Section submitted by
any Lender to the Borrower (with a copy to the Administrative Agent) shall be presumptively correct
in the absence of manifest error. Notwithstanding anything to the contrary in this Section, the
Borrower shall not be required to compensate a Lender pursuant to this Section for any amounts
incurred more than nine months prior to the date that such Lender notifies the Borrower of such
Lender’s intention to claim compensation therefor; provided that, if the circumstances
giving rise to such claim have a retroactive effect, then such nine-month period shall be extended
to include the period of such retroactive effect. The obligations of the Borrower pursuant to this
Section shall survive the termination of this Agreement and the payment of the Loans and all other
amounts payable hereunder.

          2.17.

 Taxes. (a) All payments made by or on account of any Loan Party under this Agreement
or any other Loan Document shall be made free and clear of, and without deduction or withholding
for or on account of, any present or future income, stamp or other taxes, levies, imposts, duties,
charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or
assessed by any Governmental Authority (including any interest, addition to tax or penalties
applicable thereto), excluding income taxes and franchise taxes (imposed in lieu of net income
taxes) and taxes imposed on or measured by the Administrative Agent’s or any Lender’s net profits
if such tax is imposed as a result of a present or former connection between the Administrative
Agent or such Lender and the jurisdiction of the Governmental Authority imposing such tax or any
political subdivision or taxing authority thereof or therein (other than any such connection
arising solely from the Administrative Agent or such Lender having executed, delivered or performed
its obligations or received a payment under, or enforced, this Agreement or any other Loan
Document). If any such non-excluded taxes, levies, imposts, duties, charges, fees, deductions or
withholdings (“Non-Excluded Taxes”) or any Other Taxes are required to be withheld from any amounts
payable to the Administrative Agent or any Lender hereunder

32 

 

or under any other Loan Document, the amounts so payable to the Administrative Agent or such
Lender shall be increased to the extent necessary to yield to the Administrative Agent or such
Lender (after payment of all Non-Excluded Taxes and Other Taxes) interest or any such other amounts
payable hereunder at the rates or in the amounts specified in this Agreement; provided, however,
that the Borrower shall not be required to increase any such amounts payable to the Administrative
Agent or any Lender with respect to any Non-Excluded Taxes (i) that are attributable to the
Administrative Agent’s or such Lender’s failure to comply with the requirements of paragraph (d) or
(e) of this Section or (ii) that are United States withholding taxes imposed on amounts payable to
the Administrative Agent or such Lender at the time the Administrative Agent or such Lender becomes
a party to this Agreement, except to the extent that the Administrative Agent’s or such Lender’s
assignor (if any) was entitled, at the time of assignment, to receive additional amounts from the
Borrower with respect to such Non-Excluded Taxes pursuant to this paragraph (a).

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

          (c) Whenever any Non-Excluded Taxes or Other Taxes are payable by any Loan Party, as promptly
as reasonably possible thereafter such Loan Party shall send to the Administrative Agent for its
own account or for the account of the relevant Lender, as the case may be, (i) a certified copy of
an original official receipt received by such Loan Party showing payment thereof or (ii) if such
Loan Party reasonably determines that it is unable to provide a certified copy of such receipt, a
certificate as to the amount of such payment. If the relevant Loan Party fails to pay any
Non-Excluded Taxes or Other Taxes when due to the appropriate taxing authority or fails to remit to
the Administrative Agent copies of the required receipts or other required documentary evidence,
such Loan Party shall indemnify the Administrative Agent and the Lenders for any incremental taxes,
interest or penalties that may become payable by the Administrative Agent or any Lender as a result
of any such failure.

          (d) Each Lender (or Transferee) that is not a “United States Person” as defined in Section
7701(a)(30) of the Code (a “Non-U.S. Lender”) shall deliver to the Borrower and the
Administrative Agent (or, in the case of a Participant, to the Administrative Agent and the Lender
from which the related participation shall have been purchased) two copies of either U.S. Internal
Revenue Service (“IRS”) Form W-8BEN claiming eligibility for benefits of an income tax
treaty to which the United States is a party, Form W-8ECI or Form W-8IMY (accompanied by applicable
underlying IRS forms), or, in the case of a Non-U.S. Lender claiming exemption from U.S. federal
withholding tax under Section 871(h) or 881(c) of the Code with respect to payments of “portfolio
interest”, a statement substantially in the form of Exhibit F and two copies of the applicable Form
W-8, or any subsequent versions thereof or successors thereto, in each case properly completed and
duly executed by such Non-U.S. Lender claiming complete exemption from, or a reduced rate of, U.S.
federal withholding tax on all payments by the Borrower under this Agreement and the other Loan
Documents. Such forms shall be delivered by each Non-U.S. Lender on or before the date it becomes
a party to this Agreement (or, in the case of any Participant, on or before the date such
Participant purchases the related participation). In addition, each Non-U.S. Lender shall deliver
such forms promptly upon the expiration, obsolescence or invalidity of any form previously
delivered by such Non-U.S. Lender. Each Non-U.S. Lender shall promptly notify the Borrower and the
Administrative Agent at any time it determines that it is no longer in a position to provide any
previously delivered certificate to the Borrower and the Administrative Agent (or any other form of
certification adopted by the U.S. taxing authorities for such purpose). Notwithstanding any other
provision of this paragraph, a Non-U.S. Lender shall not be required to deliver any form pursuant
to this paragraph that such Non-U.S. Lender is not legally able to deliver.

          (e) A Lender that is entitled to an exemption from or reduction of non-U.S. withholding tax
under the law of the jurisdiction in which the Borrower is located, or any treaty to which

33 

 

such jurisdiction is a party, with respect to payments under this Agreement shall deliver to
the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by
applicable law or reasonably requested by the Borrower (or the Administrative Agent), such properly
completed and executed documentation prescribed by applicable law as will permit such payments to
be made without withholding or at a reduced rate, provided that such Lender is legally
entitled to complete, execute and deliver such documentation and in such Lender’s reasonable
judgment such completion, execution or submission would not materially prejudice the commercial or
legal position of such Lender.

          (f) Any Lender that is a United States person as defined in Section 7701(a)(30) of the Code
shall deliver to the Borrower (with a copy to the Administrative Agent) a duly completed and signed
IRS Form W-9 (or successor form) establishing that the Lender is organized under the laws of the
United States and is not subject to backup withholding.

          (g) If the Administrative Agent or any Lender determines, in its sole discretion (exercised in
good faith), that it has received a refund of any Non-Excluded Taxes or Other Taxes as to which it
has been indemnified by the Borrower or with respect to which the Borrower has paid additional
amounts pursuant to this Section 2.17, it shall pay over such refund to the Borrower (but only to
the extent of indemnity payments made, or additional amounts paid, by the Borrower under this
Section 2.17 with respect to the Non-Excluded Taxes or Other Taxes giving rise to such refund), net
of all out-of-pocket expenses of the Administrative Agent or such Lender and without interest
(other than any interest paid by the relevant Governmental Authority with respect to such refund);
within 45 Business Days of the determination that the Borrower is entitled to such refund
provided, that the Borrower, upon the request of the Administrative Agent or such Lender,
agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges
imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the
event the Administrative Agent or such Lender is required to repay such refund to such Governmental
Authority. This paragraph shall not be construed to require the Administrative Agent or any Lender
to make available its tax returns (or any other information relating to its taxes which it deems
confidential) to the Borrower or to any other Person.

          (h) Each Lender shall indemnify the Administrative Agent, within 10 days after demand
therefor, for the full amount of any Taxes attributable to such Lender that are payable or paid by
the Administrative Agent, and reasonable expenses arising therefrom or with respect thereto,
whether or not such Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to
any Lender by the Administrative Agent shall be conclusive absent manifest error.

          (i) The agreements in this Section shall survive the termination of this Agreement and the
payment of the Loans and all other amounts payable hereunder.

          2.18. Indemnity. The Borrower agrees to indemnify each Lender for, and to hold each Lender
harmless from, any loss or expense that such Lender may sustain or incur as a consequence of
(a) default by the Borrower in making a borrowing of, conversion into or continuation of Eurodollar
Loans after the Borrower has given a notice requesting the same in accordance with the provisions
of this Agreement (other than by operation of Section 2.14), (b) default by the Borrower in making
any prepayment of or conversion from Eurodollar Loans after the Borrower has given a notice thereof
in accordance with the provisions of this Agreement or (c) the making of a prepayment of Eurodollar
Loans on a day that is not the last day of an Interest Period with respect thereto. Such
indemnification may include an amount equal to the excess, if any, of (i) the amount of interest
that would have accrued on the amount so prepaid, or not so borrowed, converted or continued, for
the period from the date of such prepayment or of such failure to borrow, convert or continue to
the last day of such Interest Period (or, in the case of a failure to borrow, convert or continue,
the Interest Period that would have commenced on the

34 

 

date of such failure) in each case at the applicable rate of interest for such Loans provided
for herein (excluding, however, the Applicable Margin included therein, if any) over (ii) the
amount of interest (as reasonably determined by such Lender) that would have accrued to such Lender
on such amount by placing such amount on deposit for a comparable period with leading banks in the
interbank eurodollar market. A certificate as to any amounts payable pursuant to this Section
submitted to the Borrower by any Lender shall be presumptively correct in the absence of manifest
error. This covenant shall survive the termination of this Agreement and the payment of the Loans
and all other amounts payable hereunder.

          2.19. Change of Lending Office. Each Lender agrees that, upon the occurrence of any event
giving rise to the operation of Section 2.16 or 2.17(a) with respect to such Lender, it will, if
requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such
Lender) to designate another lending office for any Loans affected by such event with the object of
avoiding the consequences of such event; provided, that such designation is made on terms that, in
the sole judgment of such Lender, cause such Lender and its lending office(s) to suffer no
economic, legal or regulatory disadvantage, and provided, further, that nothing in this Section
shall affect or postpone any of the obligations of the Borrower or the rights of any Lender
pursuant to Section 2.16 or 2.17(a).

          2.20.   Incremental Facility

          (a) The Borrower may at any time or from time to time after the Closing Date, by notice to the
Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of
the Lenders), request one or more additional tranches of term loans, revolving facilities or letter
of credit facilities (each, an “Incremental Facility”), provided that (i) at the
time and after the effectiveness of any Incremental Amendment referred to below, no Default or
Event of Default shall have occurred and be continuing, (ii) the Borrower shall be in compliance
with the covenants contained in Section 7.1 determined on a pro forma basis as of the last day of
the most recent period of the Borrower for which financial statements are available as if any term
loans under such Incremental Facility had been outstanding and any revolving commitment under such
Incremental Facility (to the extent not available to issue letters of credit) had been fully used
on the last day of such period and (iii) the Consolidated Leverage Ratio determined on a pro forma
basis as of the last day of the most recent fiscal quarter of the Borrower for which financial
statements are available, determined as if any term loans under such Incremental Facility had been
outstanding on the last day of such period, shall be less than 2.5 to 1.0. Each Incremental
Facility shall be in an aggregate principal amount that is not less than $50,000,000
(provided that such amount may be less than $50,000,000 if such amount represents all
remaining availability under the limit set forth in the next sentence) and there shall be not more
than 3 requests for Incremental Facilities. Notwithstanding anything to the contrary herein, the
aggregate amount of the Incremental Facilities shall not exceed $200,000,000. Any Incremental
Facility (a) shall rank pari passu in right of payment and of security with the Loans, (b) shall
not mature earlier than the Maturity Date or have a weighted average life (if applicable) which is
shorter than the then remaining average life of the Loans, and (c) shall otherwise be on terms and
pursuant to documentation to be determined by the Borrower and the Persons willing to provide such
Incremental Facility, provided that (A) to the extent such terms and documentation are not
consistent with the Facility (other than with respect to pricing, amortization and maturity) they
shall be reasonably satisfactory to the Administrative Agent and (B) if the Applicable Margin
(which term for purposes of this Section 2.20 shall include any original issue discount
(“OID”) or upfront fees (which shall be deemed to constitute like amounts of OID) payable
by the Borrower to the lenders under Facility or the Incremental Facility, as applicable, in the
primary syndication thereof (with OID being equated to interest based on assumed three-year life to
maturity)) relating to any Incremental Facility exceeds the Applicable Margin relating to the
Facility immediately prior to the effectiveness of the applicable Incremental Amendment, the
Applicable Margin relating to the Facility shall be adjusted to equal the Applicable Margin
relating to such Incremental Facility. Each notice from the Borrower pursuant to this Section 2.20
shall set forth the requested amount and proposed

35 

 

terms of the relevant Incremental Facility and the Lenders or other Persons willing to provide
the Incremental Facility. The Incremental Facility may be provided by any existing Lender or by
any Eligible Assignee selected by the Borrower (any such other financial institution or fund being
called an “Additional Lender”), provided that the Administrative Agent shall have
consented (not to be unreasonably withheld) to such Lender’s or Additional Lender’s providing such
Incremental Facility if such consent would be required under Section 10.6 for an assignment of
Loans to such Lender or Additional Lender. Commitments in respect of Incremental Facilities shall
become Commitments under this Agreement pursuant to an amendment (an “Incremental
Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the
Borrower, each Lender agreeing to provide such Commitment, if any, each Additional Lender, if any,
and the Administrative Agent pursuant to Section 10.1(e) hereof. The Incremental Amendment may,
without the consent of any other Lenders, effect such amendments to this Agreement and the other
Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative
Agent and the Borrower, to effect the provisions of this Section 2.20. The effectiveness of any
Incremental Amendment shall be subject to the satisfaction on the date thereof (each, an
“Incremental Facility Closing Date”) of each of the conditions set forth in Section 5.2
(it being understood that all references to the Delayed Draw Funding Date or similar language in
such Section 5.2 shall be deemed to refer to the effective date of such Incremental Amendment) and
such other conditions as the parties thereto shall agree. The Borrower will use the proceeds of
the Incremental Facilities for any purpose not prohibited by this Agreement. No Lender shall be
obligated to provide any Incremental Facility, unless it so agrees. The Administrative Agent and
the Lenders hereby agree that the minimum borrowing, pro rata borrowing and pro rata payment
requirements contained elsewhere in this Agreement shall not apply to the transactions effected
pursuant to this paragraph.

          2.21. Intercreditor Agreement. Each Lender hereby authorizes and directs the Administrative
Agent and the Collateral Agent to enter into the Intercreditor Agreement on its behalf and hereby
approves and agrees to be bound by the terms of the Intercreditor Agreement. Notwithstanding
anything to the contrary herein, in the case of any inconsistency between this Agreement and the
Intercreditor Agreement, the Intercreditor Agreement shall govern. The Lenders acknowledge that
the Second Lien Term Loans and related obligations are secured by the Collateral, subject to the
Intercreditor Agreement.

SECTION
3. [RESERVED]

SECTION
4. REPRESENTATIONS AND WARRANTIES

          To induce the Agents and the Lenders to enter into this Agreement and the Lenders to make the
Loans, each Loan Party hereby jointly and severally represents and warrants to the Agents and each
Lender that:

          4.1. No Change. Since the Petition Date, there has been no development or event that has
had or could reasonably be expected to have a Material Adverse Effect (it being agreed that solely
for purposes of this Section 4.1 no change in automotive industry conditions or in banking,
financial or capital markets on and after such date which does not disproportionately adversely
affect the Borrower and its Subsidiaries, taken as a whole, shall have a Material Adverse Effect).

          4.2. Existence; Compliance with Law. Each Loan Party (a) is duly organized, validly
existing and in good standing under the laws of the jurisdiction of its organization, (b) has the
power and authority, and the legal right, to own and operate its property, to lease the property it
operates as lessee and to conduct the business in which it is currently engaged, (c) is duly
qualified as a foreign corporation or other organization and in good standing under the laws of
each jurisdiction where its ownership, lease

36 

 

or operation of property or the conduct of its business requires such qualification and (d) is
in compliance with all Requirements of Law.

          4.3. Power; Authorization; Enforceable Obligations. Upon entry by the Bankruptcy Court of
the Confirmation Order, each Loan Party has the power and authority, and the legal right, to make,
deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to
obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational
action to authorize the execution, delivery and performance of the Loan Documents to which it is a
party and, in the case of the Borrower, to authorize the extensions of credit on the terms and
conditions of this Agreement. No consent or authorization of, filing with, notice to or other act
by or in respect of, any Governmental Authority or any other Person is required in connection with
the extensions of credit hereunder or with the execution, delivery, performance, validity or
enforceability of this Agreement or any of the Loan Documents except (i) consents, authorizations,
filings and notices described in Schedule 4.3, which consents, authorizations, filings and notices
(other than the Confirmation Order) have been obtained or made and are in full force and effect and
(ii) the filings referred to in Section 4.20. Each Loan Document has been duly executed and
delivered on behalf of each Loan Party thereto. This Agreement constitutes, and each other Loan
Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party
party thereto, enforceable against each such Loan Party in accordance with its terms, except as
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting the enforcement of creditors’ rights generally and by general equitable
principles (whether enforcement is sought by proceedings in equity or at law).

          4.4. No Legal Bar. The execution, delivery and performance of this Agreement and the other
Loan Documents, the borrowings hereunder and the use of the proceeds thereof will not violate any
Requirement of Law or any Contractual Obligation of any Loan Party and will not result in, or
require, the creation or imposition of any Lien on any of their respective properties or revenues
pursuant to any Requirement of Law or any such Contractual Obligation (other than the Liens created
by the Loan Documents and the Second Lien Term Loans).

          4.5. Litigation. No litigation, investigation or proceeding of or before any arbitrator or
Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against
any Loan Party or against any of their respective properties or revenues (including with respect to
the Loan Documents) that could reasonably be expected to have a Material Adverse Effect.

          4.6. No Default. No Loan Party is in default under or with respect to any of its
Contractual Obligations in any respect that could reasonably be expected to have a Material Adverse
Effect. No Default or Event of Default has occurred and is continuing.

          4.7. Ownership of Property; Liens. Except as could not reasonably be expected to have a
Material Adverse Effect, each Loan Party has title in fee simple to, or a valid leasehold,
subleasehold, license or other interest in, all its real property, and good title to, or a valid
leasehold interest in, all its other property, and none of such property, except for minor
encumbrances and defects in title that do not materially interfere with its ability to conduct its
business as currently conducted or to utilize such properties and assets for their intended
purposes is subject to any Lien except as permitted by Section 7.3.

          4.8. Intellectual Property. Each Loan Party owns, or is licensed to use, all Intellectual
Property necessary for the conduct of its business as currently conducted. No material claim has
been asserted and is pending by any Person against any Loan Party challenging or questioning the
use of any Intellectual Property or the validity or effectiveness of any Intellectual Property of
any Loan Party, nor does the Borrower know of any valid basis for any such claim. To the knowledge
of the Borrower, no use

37 

 

by each Loan Party of any of its material Intellectual Property infringes on the rights of any
Person in any material respect.

          4.9. Taxes. Each Loan Party has filed or caused to be filed all Federal and material state
and other material tax returns that are required to be filed and has paid all taxes shown to be due
and payable on said returns or on any material assessments made against it or any of its property
and all other material taxes, fees or other charges imposed on it or any of its property by any
Governmental Authority (except any such taxes the amount or validity of which are currently being
contested in good faith by appropriate proceedings and with respect to which reserves in conformity
with GAAP (where GAAP requires such reserves) have been provided on the books of the relevant Loan
Party); no tax Lien has been filed, and, to the knowledge of the Borrower, no claim is being
asserted, with respect to any such tax, fee or other charge.

          4.10. Federal Regulations. No part of the proceeds of any Loans, and no other extensions of
credit hereunder, will be used (a) for “buying” or “carrying” any “margin stock” within the
respective meanings of each of the quoted terms under Regulation U as now and from time to time
hereafter in effect for any purpose that violates the provisions of the Regulations of the Board or
(b) for any purpose that violates the provisions of the Regulations of the Board. If requested by
any Lender or the Administrative Agent, the Borrower will furnish to the Administrative Agent and
each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3
or FR Form U-1, as applicable, referred to in Regulation U.

          4.11. Labor Matters. Except as, in the aggregate, could not reasonably be expected to have
a Material Adverse Effect: (a) there are no strikes or other labor disputes against any Loan Party
pending or, to the knowledge of the Borrower, threatened; (b) hours worked by and payment made to
employees of each Loan Party have not been in violation of the Fair Labor Standards Act or any
other applicable Requirement of Law dealing with such matters; and (c) all payments due from any
Loan Party on account of employee health and welfare insurance have been, in all material respects,
paid or accrued as a liability on the books of the relevant Loan Party.

          4.12. ERISA. Except, in the aggregate, as could not reasonably be expected to result in a
Material Adverse Effect, (i) each Loan Party and each of their respective ERISA Affiliates is in
compliance with the applicable provisions of ERISA and the Code relating to Single Employer Plans
and Multiemployer Plans and the regulations and published interpretations thereunder and (ii) no
ERISA Event has occurred during the five-year period prior to the date on which this representation
is made or deemed made with respect to any Plan. Except, in the aggregate, as could not reasonably
be expected to result in a Material Adverse Effect, the present value of all accrued benefits under
each Single Employer Plan (based on those assumptions used to fund such Plan) did not, as of the
last annual valuation date prior to the date on which this representation is made or deemed made,
exceed the value of the assets of such Plan allocable to such accrued benefits.

          4.13. Investment Company Act; Other Regulations. No Loan 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. No Loan Party is subject to regulation under any Requirement of Law
(other than Regulation X of the Board) that limits its ability to incur the Indebtedness to be
incurred hereunder.

          4.14. Subsidiaries. As of the date hereof, (a) Schedule 4.14 sets forth the name and
jurisdiction of incorporation of each Subsidiary and, as to each such Subsidiary, the percentage of
each class of Capital Stock owned by any Loan Party and (b) except as set forth on Schedule 4.14,
there are no outstanding subscriptions, options, warrants, calls, rights or other agreements or
commitments (other than

38 

 

stock options or similar equity awards granted to current or former employees or directors and
directors’ qualifying shares) of any nature relating to any Capital Stock of the Borrower or any
Subsidiary.

          4.15. Use of Proceeds. The proceeds of the Loans shall be used, together with cash on hand
of the Borrower, to replace and refinance the outstanding loans made under the DIP Credit Agreement
or, in the case of the Delayed Draw Loans, to refund cash used by the Borrower for the foregoing.
The proceeds of the Loans shall not be used to purchase or carry margin stock.

          4.16. Environmental Matters. Except as, in the aggregate, could not reasonably be expected
to have a Material Adverse Effect:

     (a) the facilities and properties owned, leased or operated by any Group Member
(the “Properties”) do not contain, and to the knowledge of the Borrower,
have not previously contained, any Materials of Environmental Concern in amounts or
concentrations or under circumstances that constitute or constituted a violation of,
or could give rise to liability under, any Environmental Law;

     (b) no Group Member has received or is aware of any notice of violation,
alleged violation, non-compliance, liability or potential liability regarding
environmental matters or compliance with Environmental Laws with regard to any of
the Properties or the business operated by any Group Member (the
“Business”), nor does the Borrower have knowledge or reason to believe that
any such notice will be received or is being threatened;

     (c) Materials of Environmental Concern have not been transported or disposed of
from the Properties during the last five years or, to the knowledge of the Borrower,
any prior time in violation of, or in a manner or to a location that could give rise
to liability under, any Environmental Law, nor have any Materials of Environmental
Concern been generated, treated, stored or disposed of at, on or under any of the
Properties during the last five years or, to the knowledge of the Borrower, any
prior time in violation of, or in a manner that could give rise to liability under,
any applicable Environmental Law;

     (d) no judicial proceeding or governmental or administrative action is pending
or, to the knowledge of the Borrower, threatened, under any Environmental Law to
which any Group Member is or will be named as a party with respect to the Properties
or the Business, nor are there any consent decrees or other decrees, consent orders,
administrative orders or other orders, or other administrative or judicial
requirements outstanding under any Environmental Law with respect to the Properties
or the Business;

     (e) there has been no release or threat of release of Materials of
Environmental Concern at or from the Properties, or arising from or related to the
operations of any Group Member in connection with the Properties or otherwise in
connection with the Business, during the last five years or, to the knowledge of the
Borrower, any prior time in violation of or in amounts or in a manner that could
give rise to liability under Environmental Laws;

     (f) the Properties and all operations at the Properties are in compliance, and
have in the last five years and, to the knowledge of the Borrower, at all prior
times been in compliance, with all applicable Environmental Laws, and there is no
contamination at,

39 

 

under or about the Properties or violation of any Environmental Law with
respect to the Properties or the Business; and

          (g) no Group Member has assumed any liability by contract or, to the knowledge
of the Borrower, operation of law, of any other Person under Environmental Laws.

          4.17. Accuracy of Information, etc. No factual statement or information contained in this
Agreement, any other Loan Document or any other document, certificate or statement furnished by or
on behalf of any Loan Party to the Administrative Agent, the Lenders or the Bankruptcy Court, or
any of them, for use in connection with the transactions contemplated by this Agreement or the
other Loan Documents other than any projections or pro forma information, when taken as a whole,
contained as of the date such statement, information, document or certificate was so furnished, any
untrue statement of a material fact or omitted to state a material fact necessary to make the
statements contained herein or therein not materially misleading in light of the circumstances when
made. The projections and pro forma information contained in the materials referenced above are
based upon good faith estimates and assumptions believed by management of the Borrower to be
reasonable at the time made, it being recognized by the Lenders that such projections as they
relate to future events are subject to significant uncertainties, many of which are beyond the
control of the Borrower and not to be viewed as fact and that actual results during the period or
periods covered by such projections may differ from the projected results set forth therein by a
material amount.

          4.18. Financial Statements. (a) The unaudited pro forma consolidated balance sheet of the
Borrower and its consolidated Subsidiaries as at October 3, 2009 (including the notes thereto) (the
“Pro Forma Balance Sheet”), copies of which will be furnished to the Administrative Agent
on or prior to the Closing Date, will have been prepared giving effect (as if such events had
occurred on such date) to (i) the occurrence of the Effective Date, (ii) the Second Lien Term Loans
deemed made on the Closing Date, (iii) the Loans made on the Closing Date and the use of the
proceeds thereof and (iv) the payment of fees and expenses in connection with the foregoing. The
Pro Forma Balance Sheet will have been prepared based on the best information available to the
Borrower as of the date of delivery thereof, and will present fairly on a pro forma basis the
estimated financial position of the Borrower and its consolidated Subsidiaries as at October 3,
2009, assuming that the events specified in the preceding sentence had actually occurred at such
date.

          (b) [Reserved.]

          (c) The (i) audited consolidated balance sheet of the Borrower and its consolidated
Subsidiaries as of December 31, 2008 and the related statements of income and cash flow for the
fiscal year ending on such date and (ii) unaudited consolidated balance sheet of the Borrower and
its consolidated Subsidiaries as of June 30, 2009 and the related statements of income and cash
flow for the fiscal quarter ending on such date, each as heretofore furnished to the Administrative
Agent and the Lenders and certified by a Responsible Officer of the Borrower, are complete and
correct in all material respects and fairly present the financial condition of the Borrower and its
Subsidiaries on such date. All such financial statements, including the related schedules and notes
thereto, have been prepared in conformity with GAAP applied on a consistent basis, and all
liabilities, direct and contingent, of the Borrower on a consolidated basis with its Subsidiaries
on such date required to be disclosed pursuant to GAAP are disclosed in such financial statements,
subject to year-end audit adjustments and the absence of footnotes in the case of the statements
referred to in clause (ii) above.

          4.19. Insurance. All policies of insurance of any kind or nature owned by or issued to each
Loan Party, including policies of life, fire, theft, product liability, public liability, property
damage,

40 

 

other casualty, employee fidelity, workers’ compensation, employee health and welfare,
property and liability insurance, are (a) in full force and effect except to the extent
commercially reasonably determined by the Borrower not to be necessary pursuant to clause (b) of
this Section 4.19 or which is not material to the overall coverage and (b) are of a nature and
provide such coverage as in the reasonable opinion of the Borrower, is sufficient and is
customarily carried by companies of the size and character of the Loan Parties.

          4.20. Security Documents. (a) The Guarantee and Collateral Agreement is effective to
create in favor of the Collateral Agent, for its benefit, for the benefit of the Administrative
Agent and for the benefit of the Lenders, a legal, valid and enforceable security interest in the
Collateral described therein and proceeds thereof. In the case of the Pledged Stock described in
the Guarantee and Collateral Agreement, when stock certificates representing such Pledged Stock are
delivered to the Collateral Agent (together with a properly completed and signed stock power or
endorsement), and in the case of the other Collateral described in the Guarantee and Collateral
Agreement, when financing statements and other filings specified on Schedule 4.20(a) in appropriate
form are filed in the offices specified on Schedule 4.20(a) together with payment of any filing or
recordation fees, or, with respect to after-acquired property, when the requirements set forth in
Section 6.9 have been complied with, the Collateral Agent shall have a fully perfected Lien on, and
security interest in, all right, title and interest of the Loan Parties in such Collateral and the
proceeds thereof (except for registration of and application for Intellectual Property filed
outside the United States) to the extent such Lien can be perfected by the filing of financing
statements under the applicable UCC, as security for the Obligations (as defined in the Guarantee
and Collateral Agreement), in each case prior and superior in right to any other Person (except, in
the case of Collateral other than Pledged Stock, Liens permitted by Section 7.3, and in the case of
the Collateral constituting Pledged Stock, inchoate Liens arising by operation of law), in each
case, to the extent required by the Guarantee and Collateral Agreement.

          (b) Each of the Mortgages is effective to create in favor of the Collateral Agent, for its
benefit, for the benefit of the Administrative Agent and for the benefit of the Lenders, a legal,
valid and enforceable Lien on the Mortgaged Property described therein, and when the Mortgages are
filed in the offices specified on Schedule 4.20(b), each such Mortgage shall constitute a Lien on,
and security interest in, all right, title and interest of the Loan Parties in the subject
Mortgaged Property, as security for the Obligations (as defined in the relevant Mortgage), in each
case prior and superior in right to any other Person (except Liens permitted by Section 7.3). Part
1 of Schedule 1.1B lists, as of the date hereof, each parcel of owned real property located in the
United States and held by the Borrower or any of the Guarantors that has a fair market value
estimated in good faith by the Borrower, in excess of $5,000,000 (each, a “Mortgaged
Property”). Part 2 of Schedule 1.1B lists, as of the date hereof, (A) each parcel of owned
real property located in the United States and held by the Borrower or any of the Guarantors that
has a fair market value estimated in good faith by the Borrower in excess of $1,000,000 which is
not listed on Part 1 of Schedule 1.1B, and (B) each material parcel of real property located in the
United States and which is leased (as lessee) or subleased (as sublessee) by the Borrower or any of
the Guarantors.

          4.21. Solvency. After giving effect to the occurrence of the Effective Date and the
incurrence of all Indebtedness and Obligations being incurred in connection herewith and therewith,
the Borrower is Solvent.

          4.22. Regulation H. Except as disclosed in Schedule 4.22, no Mortgage encumbers improved
real property that is located in an area that has been identified by the Secretary of Housing and
Urban Development as an area having special flood hazards and in which flood insurance has been
made available under the National Flood Insurance Act of 1968, as amended.

41 

 

SECTION 5. CONDITIONS PRECEDENT

          5.1. Closing Date.

          The agreement of each Lender to make the extension of credit requested to be made by it on the
Closing Date is subject to the satisfaction, prior to or concurrently with the making of such
extension of credit on the Closing Date, of the following conditions precedent:

     (a) Credit Agreement. The Administrative Agent shall have received (i)
this Agreement, executed and delivered by the Borrower, (ii) the Guarantee and
Collateral Agreement, executed and delivered by the Borrower and each Guarantor, and
(iii) the Intercreditor Agreement, executed and delivered by the Administrative
Agent, the Collateral Agent, the Second Lien Agent, the Borrower and each Guarantor.

     (b) Closing Certificate; Certified Certificate of Incorporation; Good
Standing Certificates. The Administrative Agent shall have received (i) a
certificate of a Responsible Officer of each Loan Party, dated the Closing Date, in
form and substance reasonably satisfactory to the Administrative Agent, as to the
incumbency and signature of their respective officers executing each Loan Document
to which it is a party, together with satisfactory evidence of the incumbency of
such Responsible Officer, (ii) a copy of the resolutions, in form and substance
reasonably satisfactory to the Administrative Agent, of the Board of Directors (or
the executive committee or other governing authority thereof) of each Loan Party
authorizing the execution, delivery and performance of each Loan Document to be
entered into on the Closing Date to which it is a party, (iii) a certificate of the
Borrower, in form and substance reasonably satisfactory to the Administrative Agent,
attaching the certificate of incorporation of each Loan Party that is a corporation
certified by the relevant authority of the jurisdiction of organization of such Loan
Party and (iv) a good standing certificate for each Loan Party from its jurisdiction
of organization.

     (c) Representations and Warranties. Each of the representations and
warranties made by any Loan Party in or pursuant to the Loan Documents shall be true
and correct in all material respects (provided that if any representation or
warranty is by its terms qualified by materiality, such representation shall be true
and correct in all respects) on and as of such date as if made on and as of such
date, except to the extent that any such representation or warranty is stated to
relate solely to an earlier date, in which case such representation or warranty
shall be true and correct on and as of such earlier date.

     (d) Fees. The Lenders and the Administrative Agent shall have received
all fees required to be paid, and all expenses for which invoices have been
presented (including the reasonable fees and expenses of legal counsel), on or
before the Closing Date.

     (e) Legal Opinion of Counsel to the Borrower. The Administrative Agent
shall have received (i) an opinion, in form and substance reasonably satisfactory to
the Administrative Agent, of counsel to the Borrower and its Subsidiaries and (ii)
the legal opinion of local counsel in jurisdictions in which the Mortgages have been
filed as may be reasonably requested by the Administrative Agent.

42 

 

     (f) Compliance with DIP Credit Agreement. The Administrative Agent
shall have received a certificate of a Responsible Officer of the Borrower in form
and substance reasonably satisfactory to the Administrative Agent, certifying (i) no
Default or Event of Default (as defined in the DIP Credit Agreement) exists under
the DIP Credit Agreement immediately prior to the termination thereof and (ii) the
Borrower is in compliance with the financial covenants set forth in Section 7.1 of
the DIP Credit Agreement, immediately prior to the termination of the DIP Credit
Agreement.

     (g) Pro Forma Liquidity. After giving pro forma effect
to the Plan of Reorganization and the borrowing of the Loans on the Closing Date (i)
Liquidity of the Borrower and its Subsidiaries shall not be less than the minimum
Liquidity required to be maintained pursuant to Section 7.1(b) of the DIP Credit
Agreement as of the last day of the fiscal month in which the Closing Date occurs,
and (ii) the aggregate principal amount of the Loans and the Second Lien Term Loans
shall not exceed $1,100,000,000, and the Borrower shall have provided to the
Administrative Agent reasonably satisfactory support for such calculations.

     (h) Confirmation Order. The Bankruptcy Court shall have entered an
order confirming the Plan of Reorganization, which order (the “Confirmation
Order”) (i) shall be in form and substance reasonably satisfactory to the
Administrative Agent, (ii) shall authorize the Facility and (iii) unless the
Arrangers otherwise agree, shall be in full force and effect and shall not have been
reversed or modified and shall not be stayed or subject to a motion to stay or
subject to appeal or petition for review, rehearing or certiorari. The Canadian
Court shall have entered an order in the CCAA Cases recognizing and implementing the
Confirmation Order with respect to the Canadian Debtors, which order (i) shall be
consistent with the Confirmation Order except to the extent otherwise reasonably
satisfactory to the Administrative Agent and (ii) unless the Arrangers otherwise
agree, shall be in full force and effect and shall not have been reversed or
modified and shall not be stayed or subject to a motion to stay or subject to appeal
or petition for review, rehearing or certiorari. The Effective Date shall have
occurred (and all conditions precedent thereto as set forth therein shall have been
satisfied (or shall be concurrently satisfied) or waived by the Administrative
Agent).

     (i) Repayment of DIP Facility. The DIP Facility shall have been repaid
in full in cash and all commitments relating thereto shall have been terminated, and
all liens and security interests related thereto shall have been terminated,
released or continued, as applicable.

     (j) Projections. The Borrower shall have delivered projections through
2014 prepared in good faith on the basis of the assumptions stated therein.

     (k) Second Lien Term Loans. (i) The Second Lien Credit Agreement shall
contain terms that conform to the Plan of Reorganization and are otherwise
reasonably satisfactory to the Administrative Agent, and (ii) the Administrative
Agent shall have received reasonably satisfactory evidence that the conditions to
the effectiveness of the Second Lien Term Loan Documents shall have been satisfied
or waived in accordance with their terms.

     (l) Pro Forma Balance Sheet; Financial Statements. The Lenders shall
have received (i) the Pro Forma Balance Sheet, (ii) audited consolidated financial
statements of the Borrower and its Subsidiaries for the most recently ended fiscal
year and (iii)

43 

 

unaudited interim consolidated financial statements of the Borrower and its
Subsidiaries for each fiscal quarter ended after the date of the latest applicable
financial statements delivered pursuant to clause (i) of this paragraph as to which
such financial statements are available.

     (m) No Default. No Default or Event of Default shall have occurred and
be continuing on such date or after giving effect to the extensions of credit
requested to be made on such date.

     (n) Patriot Act and “Know Your Customer” Information. The
Administrative Agent shall have received all documentation and other information
mutually agreed to be required by regulatory authorities under applicable “know your
customer” and anti-money laundering rules and regulations, including the United
States PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001))
(the “USA Patriot Act”).

     (o) Ratings. The Borrower shall have used commercially reasonable
efforts to obtain a rating for the Facility from both S&P and Moody’s.

     (p) Insurance. The Administrative Agent shall have received insurance
certificates satisfying the requirements of Section 6.5 and
Section ___ of the
Mortgages.

     (q) Pledged Stock; Stock Powers; Pledged Notes. The Collateral Agent
shall have received (i) the certificates representing the shares of Capital Stock
pledged pursuant to the Security Documents, together with an undated stock power for
each such certificate executed in blank by a duly authorized officer of the pledgor
thereof and (ii) each promissory note (if any) pledged to the Collateral Agent
pursuant to the Security Documents endorsed (without recourse) in blank (or
accompanied by an executed transfer form in blank) by the pledgor thereof, in each
case of the foregoing, to the extent not previously delivered to the DIP Agent under
the DIP Credit Agreement.

     (r) Mortgages, etc. (i) The Administrative Agent shall have received
a Mortgage with respect to each Mortgaged Property, executed and delivered by a duly
authorized officer of each party thereto.

     (ii) If requested by the Administrative Agent, the Administrative Agent shall
have received, and the title insurance company issuing the policy referred to in
clause (iii) below (the “Title Insurance Company”) shall have received, maps
or plats of an as-built survey of the sites of the Mortgaged Properties certified to
the Administrative Agent and the Title Insurance Company in a manner reasonably
satisfactory to them, dated a date reasonably satisfactory to the Administrative
Agent and the Title Insurance Company by an independent professional licensed land
surveyor reasonably satisfactory to the Administrative Agent.

     (iii) The Administrative Agent shall have received in respect of each Mortgaged
Property with a fair market value estimated in good faith by the Borrower in excess
of $5,000,000 a binding pro forma mortgagee’s title insurance policy (or policies)
or marked-up unconditional commitment to issue such insurance, in each case in form
and substance reasonably satisfactory to the Administrative Agent. The
Administrative Agent shall have received evidence reasonably satisfactory to it that
all premiums in

44 

 

respect of each such policy, all charges for mortgage recording tax, and all
related expenses, if any, have been paid.

     (iv) If requested by the Administrative Agent, the Administrative Agent shall
have received in respect of each Mortgaged Property with a fair market value
estimated in good faith by the Borrower in excess of $5,000,000 (A) a policy of
flood insurance that (1) covers any parcel of improved real property that is
encumbered by any Mortgage and located in a special flood hazard area, (2) is
written in an amount not less than the outstanding principal amount of the
indebtedness secured by such Mortgage that is reasonably allocable to such real
property, the fair market value of such real property as estimated in good faith by
the Borrower or the maximum limit of coverage made available with respect to the
particular type of property under the National Flood Insurance Act of 1968, as
amended, whichever is less, and (3) has a term ending not later than the maturity of
the Indebtedness secured by such Mortgage and (B) confirmation that the Borrower has
received the notice required pursuant to Section 208(e)(3) of Regulation H of the
Board with respect to any parcel of improved real property that is encumbered by any
Mortgage and located in a special flood hazard area.

     (v) The Administrative Agent shall have received a copy of all recorded
documents referred to, or listed as exceptions to title in, the title policy or
policies referred to in clause (iii)) above.

     (s) Lien Searches. The Administrative Agent shall have received the
results of a recent lien search in each of the jurisdictions where any Loan Party is
organized, and such search shall reveal no liens on any of the assets of the Loan
Parties except for liens permitted by Section 7.3 or discharged on or prior to the
Closing Date pursuant to documentation reasonably satisfactory to the Administrative
Agent.

     (t) Filings, Registrations and Recordings. Each document (including
any Uniform Commercial Code financing statement) required by the Security Documents
or under law or reasonably requested by the Administrative Agent to be filed,
registered or recorded in order to create in favor of the Collateral Agent, for its
benefit, for the benefit of the Administrative Agent and for the ratable benefit of
the Lenders, a perfected Lien (or in the case of the Mortgages, a valid Lien) on the
Collateral described therein, prior and superior in right to any other Person (other
than with respect to Liens expressly permitted by Section 7.3), shall be in proper
form to the satisfaction of the Collateral Agent for filing, registration or
recordation.

          5.2. Delayed Draw Funding Date.

          The agreement of each Lender to make the extension of credit requested to be made by it on the
Delayed Draw Funding Date is subject to the satisfaction, prior to or concurrently with the making
of such extension of credit on the Delayed Draw Funding Date, of the following conditions
precedent:

          (a) Representations and Warranties. Each of the representations and warranties made by
any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material
respects (provided that if any representation or warranty is by its terms qualified by
materiality, such representation shall be true and correct in all respects) on and as of such date
as if made on and as of such date, except to the extent that any such representation or warranty is
stated to relate solely to an earlier date, in which case such representation or warranty shall be
true and correct on and as of such earlier date.

45 

 

          (b) No Default. No Default or Event of Default shall have occurred and be continuing
on such date or after giving effect to the extensions of credit requested to be made on such date.

For the purpose of determining compliance with the conditions specified in this Section 5, each
Lender that has signed this Agreement shall be deemed to have accepted, and to be satisfied with,
each document or other matter required under this Section 5 unless the Administrative Agent shall
have received written notice from such Lender prior to the proposed Closing Date specifying its
objection thereto.

SECTION 6. AFFIRMATIVE COVENANTS

          Each Loan Party hereby jointly and severally agrees that, commencing on the Closing Date and
so long as any Loan or other amount is owing to any Lender or the Administrative Agent hereunder,
each Loan Party shall and shall cause each of its Subsidiaries to:

          6.1. Financial Statements. Furnish to the Administrative Agent to be provided to each Lender:

     (a) as soon as available, but in any event not later than 120 days after the
end of each fiscal year of the Borrower, a copy of the audited consolidated balance
sheet of the Borrower and its consolidated Subsidiaries as at the end of such year
and the related audited consolidated statements of income and of cash flows for such
year, setting forth in each case, in comparative form the figures for the previous
year, reported on without a qualification arising out of the scope of the audit or
other material qualification or exception (other than a “going concern” exception or
similar exception or qualification for fiscal year 2009), by independent certified
public accountants of nationally recognized standing; and

     (b) as soon as available, but in any event not later than 60 days after the end
of each of the first three quarterly periods of each fiscal year of the Borrower,
commencing with the fiscal quarter ended on or about October 3, 2009, the unaudited
consolidated and consolidating (on the same basis as the Borrower prepared
consolidating financial statements prior to the Closing Date) balance sheet of the
Borrower and its consolidated Subsidiaries as at the end of such quarter and the
related unaudited consolidated and consolidating (on the same basis as the Borrower
prepared consolidating financial statements prior to the Closing Date) statements of
income and of cash flows for such quarter and the portion of the fiscal year through
the end of such quarter, setting forth in each case, in comparative form the figures
for the previous year, certified by a Responsible Officer, on behalf of the
Borrower, as being fairly stated in all material respects.

All such financial statements shall be complete and correct in all material respects and shall be
prepared in reasonable detail and in accordance with GAAP applied (except (i) as approved by such
accountants or officer, as the case may be, and disclosed in reasonable detail therein and (ii)
with respect to unaudited statements, the absence of footnote disclosure and subject to year-end
audit adjustments) consistently throughout the periods reflected therein and with prior periods.

          6.2. Certificates; Other Information. Furnish to the Administrative Agent which shall make such item available to each Lender
(or, in the case of clause (f), to the relevant Lender):

     (a) [Reserved];

46 

 

     (b) concurrently with the delivery of any financial statements pursuant to
Section 6.1, (i) a certificate of the Borrower stating that the Responsible Officer
executing such certificate on behalf of the Borrower has no knowledge of any Default
or Event of Default except as specified in such certificate, (ii) a Compliance
Certificate containing all information and calculations necessary for determining
compliance by each Loan Party with the provisions of this Agreement referred to
therein, including calculations in reasonable detail with respect to compliance with
Section 7.1, and (iii) in the case of quarterly or annual financial statements, to
the extent not previously disclosed to the Administrative Agent, (1) a description
of any change in the jurisdiction of organization of any Loan Party, (2) a
description of any Domestic Subsidiary acquired or created, including name and
jurisdiction of organization, and (3) a description of any Person that has become a
Loan Party, in each case since the date of the most recent report delivered pursuant
to this clause (iii) (or, in the case of the first such report so delivered, since
the Closing Date);

     (c) as soon as available, and in any event no later than 45 days after the end
of each fiscal year of the Borrower, a detailed consolidated budget for the
following fiscal year (including a projected consolidated balance sheet of the
Borrower and its Subsidiaries as of the end of the following fiscal year, the
related consolidated statements of projected cash flow and projected income and a
description of the underlying assumptions applicable thereto), and, as soon as
available, significant revisions, if any, of such budget and projections with
respect to such fiscal year (collectively, the “Projections”), which
Projections shall in each case be accompanied by a certificate of the Borrower
executed by a Responsible Officer, on behalf of the Borrower, stating that such
Projections are based on reasonable estimates, information and assumptions and that
such Responsible Officer executing such certificate, on behalf of the Borrower, has
no reason to believe that such Projections are incorrect or misleading in any
material respect, and that whether or not any such Projections are in fact achieved
are subject to significant uncertainties and contingencies, many of which are not
within the control of the Borrower, and that no assurance can be given that such
Projections will be realized, and actual results may vary from the projected results
and such variations may be material;

     (d) concurrently with the delivery of any financial statements pursuant to
Section 6.1(a) or (b), a narrative discussion and analysis of the financial
condition and results of operations of the Borrower and its Subsidiaries for such
fiscal quarter and for the period from the beginning of the then current fiscal year
to the end of such fiscal quarter;

     (e) within five days after the same are filed, copies of all financial
statements and reports that the Borrower may make to, or file with, the SEC;

     (f) to the Administrative Agent on behalf of each Required Lender promptly
following receipt thereof, copies of any documents described in Sections 101(k) or
101(l) of ERISA that, following reasonable request of the Administrative Agent
(which right to request shall be exercised no more than once during a 12-month
period), any Loan Party
or any ERISA Affiliate shall have promptly requested from the administrator or
sponsor of a Multiemployer Plan with respect to such Multiemployer Plan; and

     (g) promptly, subject to applicable confidentiality agreements of the Group
Members, such reasonably available additional financial and other information as any
Lender through the Administrative Agent may from time to time reasonably request.

47 

 

Documents required to be delivered pursuant to Section 6.1, Section 6.2 or Section 6.7 may be
delivered electronically and if so delivered, shall be deemed to have been delivered on the date
received by the Administrative Agent. Each Lender shall be deemed to have received such documents
on the date on which such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency
or another relevant website, if any, to which each Lender and the Administrative Agent have access
(whether a commercial or governmental third-party website or whether sponsored by the
Administrative Agent); provided, that the Borrower shall notify (which may be by facsimile
or electronic mail) the Administrative Agent of the posting of any such documents and, at the
request of the Administrative Agent, provide by electronic mail electronic versions (i.e., soft
copies) of such documents.

          6.3. Payment of Obligations. Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent,
as the case may be, all its material obligations in respect of taxes, assessments and governmental
charges or levies of whatever nature, except where the amount or validity thereof is currently
being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with
respect thereto have been provided on the books of the Borrower and its Subsidiaries.

          6.4. Maintenance of Existence; Compliance. (a)(i) Preserve, renew and keep in full force and effect its organizational existence and
(ii) take all reasonable action to maintain all rights, privileges and franchises necessary or
desirable in the normal conduct of its business, except, in each case, as otherwise permitted by
Section 7.4 and except, in the case of clause (ii) above, to the extent that failure to do so could
not reasonably be expected to have a Material Adverse Effect; and (b) comply in all material
respects with all Requirements of Law.

          6.5. Maintenance of Property; Insurance. (a) Keep all property useful and necessary in its business in good working order and
condition, ordinary wear and tear excepted except as could not reasonably be expected to have a
Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies
insurance on all its property in at least such amounts and against at least such risks (but
including in any event public liability, product liability and business interruption) as are
usually insured against in the same general area by companies engaged in the same or a similar
business.

          6.6. Inspection of Property; Books and Records; Discussions. (a) Keep proper books of record and account in which full, true and correct entries are
made of all dealings and transactions in relation to its business and activities and (b) permit
representatives of the Agents or any Lender (subject to reasonable confidentiality agreements) to
visit and inspect any of its properties and examine and make abstracts from any of its books and
records at any reasonable time upon reasonable notice and as often as may reasonably be desired and
to discuss the business, operations, properties and financial and other condition of the Group
Members with officers and managerial employees of the Group Members and with their independent
certified public accountants,
provided that an officer of the Borrower shall be provided reasonable opportunity to
participate in any such discussion with the accountants; provided further that such inspections
shall be coordinated through the Administrative Agent so that in the absence of an Event of
Default, not more than one such inspection shall occur in any calendar year. The Agents and the
Lenders agree to use reasonable efforts to coordinate and manage the exercise of their rights under
this Section 6.6 so as to minimize the disruption to the business of the Borrower and its
Subsidiaries resulting therefrom.

          6.7. Notices. Promptly give notice to the Administrative Agent and each Lender of:

     (a) the occurrence of any Default or Event of Default;

48 

 

     (b) any litigation or proceeding affecting any Loan Party (i) in which the
amount involved is $10,000,000 or more and not covered by insurance, (ii) in which
injunctive or similar relief is sought or (iii) which relates to any Loan Document;

     (c) the occurrence of any ERISA Event that, alone or together with any other
ERISA Event(s) that have occurred, could reasonably be expected to result in
liability of any Loan Party or any of its ERISA Affiliates in an aggregate amount
exceeding $10,000,000; and

     (d) any development or event that has had or could reasonably be expected to
have a Material Adverse Effect.

Each notice pursuant to this Section 6.7 shall be accompanied by a statement of a Responsible
Officer setting forth details of the occurrence referred to therein and stating what action the
relevant Loan Party proposes to take with respect thereto.

          6.8. Environmental Laws. Except as, in the aggregate, could not reasonably be expected to have a Material Adverse
Effect:

     (a) comply with, and take all commercially reasonable steps to ensure
compliance by all tenants and subtenants, if any, with, all applicable Environmental
Laws, and obtain and comply with and maintain, and take all commercially reasonable
steps to ensure that all tenants and subtenants obtain and comply with and maintain,
any and all licenses, approvals, notifications, registrations or permits required by
applicable Environmental Laws.

     (b) conduct and complete all investigations, studies, sampling and testing, and
all remedial, removal and other actions required under Environmental Laws and
promptly comply with all lawful orders and directives of all Governmental
Authorities regarding Environmental Laws.

          6.9. Additional Collateral, etc. (a) With respect to any property acquired after the Closing Date by any Loan Parties (other
than (x) any property described in paragraph (b) below and (y) any property constituting Excluded
Property) as to which the Collateral Agent, for the benefit of the Secured Parties, does not have a
perfected Lien, promptly (i) execute and deliver to the Administrative Agent such amendments
to the Security Documents or such other documents as the Administrative Agent deems necessary or
advisable to grant to the Collateral Agent, for the benefit of the Secured Parties, a security
interest in such property and (ii) take all actions necessary or advisable to grant to the
Collateral Agent, for the benefit of the Secured Parties, a perfected first priority security
interest under the laws of the United States in such property, including the filing of Uniform
Commercial Code financing statements in such jurisdictions as may be required by the Security
Documents or by law or as may be requested by the Administrative Agent.

          (b) (i) As soon as possible (and in no event later than 45 days after the delivery of any
financial statements under subsection 6.1(a) or (b), for any fiscal period, in the case of
Subsidiaries referred to in the following clause (A) which period may be extended by the
Administrative Agent from time to time in its discretion), cause (A) all of the Capital Stock
(other than Excluded Property) owned directly or indirectly by the Borrower of each of the
Borrower’s direct or indirect Domestic Subsidiaries (other than any Excluded Subsidiary or
Immaterial Subsidiary) to be pledged to the Collateral Agent, pursuant to an amendment to the
Security Documents reasonably requested by the Administrative Agent, (B) if requested by the
Administrative Agent, cause all of the Capital Stock (other than Excluded Property) owned directly
or indirectly by the Borrower of any of the Borrower’s direct or indirect Domestic Subsidiaries
(other than any Excluded Subsidiary and whether or not such Domestic Subsidiary is an Immaterial
Subsidiary) to be pledged to the Collateral Agent pursuant to an amendment to the Security
Documents reasonably requested by the Administrative Agent, (C) 65% of the voting Capital Stock and
all non-voting Capital Stock (other than Excluded

49 

 

Property) of each of the Borrower’s or any of its
Domestic Subsidiaries’ direct Foreign Subsidiaries which are not Immaterial Subsidiaries (or such
lesser amount as may be owned by the Borrower and its Domestic Subsidiaries), to be pledged to the
Collateral Agent pursuant to the Security Documents, for the ratable benefit of the Secured
Parties, pursuant to an amendment to the Security Documents reasonably requested by the
Administrative Agent and (D) the Administrative Agent to receive legal opinions of counsel to the
Borrower acceptable to the Administrative Agent covering such matters in respect of such pledges as
the Administrative Agent shall reasonably request.

     (ii) Notwithstanding the foregoing, cause the Capital Stock of any Special Purpose
Subsidiary or Subsidiary of the Borrower which acts as a purchaser of receivables for a
receivables securitization program of the Borrower and its Domestic Subsidiaries to be
pledged as Collateral pursuant to the Security Documents.

          (c) As soon as possible, cause (i) each of the Borrower’s direct or indirect Domestic
Subsidiaries (other than (A) an Excluded Subsidiary, (B) an Immaterial Subsidiary (provided
that all Immaterial Subsidiaries excluded under this clause (B) and clause (b) of the definition of
“Guarantor” shall not at any time contribute in the aggregate more than 5% of Consolidated Assets
or more than 5% of Consolidated Revenues), (C) a joint venture in which not more than 85% of the
aggregate Capital Stock of such joint venture is held by the Loan Parties in the aggregate or (D) a
direct holding company of one or more joint ventures under clause (C) hereof, provided that
such holding company does not engage in any business or own any assets other than owning the
Capital Stock of such joint ventures) to become a Guarantor by executing and delivering a joinder
or assumption agreement to the Guarantee and Collateral Agreement in a form reasonably requested by
the Administrative Agent if such Subsidiary is not then a Guarantor and (ii) opinions of counsel to
the Borrower, in form and substance reasonably satisfactory to the Administrative Agent, covering
such matters in respect of the Guarantee and Collateral Agreement as the Administrative Agent shall
reasonably request to be delivered to the Administrative Agent.

          (d) With respect to any fee interest in any real property having a fair market value (together
with improvements thereof) in the good faith estimation of the Borrower of at least $5,000,000
or otherwise not constituting Excluded Property acquired after the Closing Date by any Loan
Party (other than any such real property subject to a Lien expressly permitted by Section 7.3(g)),
as soon as reasonably possible and in any event within 60 days after such acquisition (i) execute
and deliver a Mortgage, in favor of the Collateral Agent, for its benefit, for the benefit of the
Administrative Agent and for the benefit of the Lenders, covering such real property, creating a
Lien on such real property prior and superior in right to all other Liens on such real property
(except Liens permitted by Section 7.3), (ii) if reasonably requested by the Administrative Agent,
provide the Collateral Agent, for its benefit, for the benefit of the Administrative Agent and for
the benefit of the Lenders with (x) a binding pro forma mortgagee’s title insurance policy or
marked-up unconditional commitment to issue such insurance covering such real property in an amount
equal to the purchase price of such real property (or such lesser amount as shall be reasonably
specified by the Administrative Agent) as well as a current map or plat of an as-built survey
thereof, together with a surveyor’s certificate and (y) any consents or estoppels reasonably deemed
necessary by the Administrative Agent in connection with such Mortgage, each of the foregoing in
form and substance reasonably satisfactory to the Administrative Agent and (iii) if requested by
the Administrative Agent, deliver to the Agents legal opinions relating to the matters described
above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to
the Administrative Agent.

50 

 

          6.10. Post-Closing Matters. (a) Maintain at all times substantially all of the cash and Cash Equivalents of the Loan
Parties (other than cash and Cash Equivalents which are pledged to third parties to secure
obligations of the Loan Parties) at an account or accounts with the Administrative Agent or any
other financial institution that has entered into a control agreement in form and substance
reasonably satisfactory to the Administrative Agent; provided, that (i) the Loan Parties
may maintain accounts with financial institutions other than the Administrative Agent and not
subject to control agreements consisting of (A) payroll accounts, which accounts shall at no time
contain more cash than is necessary to meet the periodic payroll obligations of the Borrower and
its Subsidiaries, (B) accounts with balances up to $10,000,000 in the aggregate, (C) trust
accounts, so long as such trust accounts only contain funds of third parties and (D) accounts, if
any, maintained in connection with employee benefit plans, so long as such accounts contain only
funds required to be maintained by such employee benefit plans.

          (b) Cause the post-closing matters identified on Schedule 6.10 to be completed on or before
the date set forth on Schedule 6.10 for the relevant post-closing matter (which date may be
extended by the Administrative Agent from time to time in its discretion).

SECTION 7. NEGATIVE COVENANTS

          Each Loan Party hereby jointly and severally agrees that, commencing on the Closing Date and
so long as any Loan or other amount is owing to any Lender or the Administrative Agent hereunder,
they shall not, and shall not permit any of its Subsidiaries to, directly or indirectly:

          7.1. Financial Covenants.

          (a) Consolidated Leverage Ratio. Permit, on the last day of any fiscal quarter
beginning with the first fiscal quarter end date following the Closing Date, the Consolidated
Leverage Ratio for the four consecutive fiscal quarters of the Borrower ending with such fiscal quarter
end date to exceed the amount set forth opposite such fiscal quarter below:

	 	 	 
	Fiscal Quarter	 	Consolidated Leverage Ratio
	Q4 2009
	 	7.50
	Q1 2010
	 	7.50
	Q2 2010
	 	6.00
	Q3 2010
	 	4.75
	Q4 2010
	 	3.50
	Q1 2011
	 	2.75
	Q2 2011
	 	2.50
	Q3 2011
	 	2.25
	Q4 2011 and each fiscal quarter thereafter
	 	2.00

51 

 

          (b) Interest Coverage. Permit, on the last day of any fiscal quarter beginning with
the first fiscal quarter end date following the Closing Date, the Interest Coverage Ratio for the
four consecutive fiscal quarters of the Borrower ending with such fiscal quarter end date to be
less than the amount set forth opposite such fiscal quarter below:

	 	 	 
	Fiscal Quarter	 	Interest Coverage Ratio
	Q4 2009
	 	1.25
	Q1 2010
	 	1.25
	Q2 2010
	 	1.50
	Q3 2010
	 	1.75
	Q4 2010
	 	2.50
	Q1 2011 and each fiscal quarter thereafter
	 	3.00

          (c) Capital Expenditures. Permit the aggregate amount of Capital Expenditures made by
the Loan Parties during any fiscal year set forth below to exceed the amount set forth opposite
such fiscal year:

	 	 	 
	 	 	Maximum Capital Expenditure Amount
	Fiscal Year	 	($)
	2010
	 	200,000,000
	2011
	 	215,000,000
	2012
	 	250,000,000
	2013
	 	275,000,000
	2014
	 	300,000,000

; provided, that (a) up to 100% of any such amount referred to above, if not expended in
the fiscal year for which it is permitted, may be carried over for expenditure in the next
succeeding fiscal year and (b) Capital Expenditures made pursuant to this Section during any fiscal
year shall be deemed made, first, in

52 

 

respect of amounts permitted for such fiscal year as provided
above and, second, in respect of amounts carried over from the prior fiscal year pursuant to clause
(a) above.

          7.2. Indebtedness. Create, issue, incur, assume, become liable in respect of or suffer to exist any
Indebtedness, except:

     (a) Indebtedness of any Loan Party pursuant to any Loan Document;

     (b) intercompany Indebtedness incurred pursuant to any Investment permitted by
Section 7.7(f) so long as any such Indebtedness owing by a Loan Party to any Person
other than a Loan Party shall, in each case, be evidenced by an Intercompany
Subordinated Note (other than, and solely to the extent that, such Intercompany
Subordinated Note would be prohibited by any law or regulation of a jurisdiction
where any such Person that is a Foreign Subsidiary is located or organized);

     (c) unsecured Guarantee Obligations incurred in the ordinary course of business
or with respect to Indebtedness permitted pursuant to this Agreement by (i) the
Borrower or any of its Subsidiaries of obligations of the Borrower or any Guarantor
or (ii) any Subsidiary that is not Loan Party of any obligations of a Subsidiary
that is not a Loan Party;

     (d) Indebtedness outstanding on the Closing Date (after giving effect to the
occurrence of the Effective Date) and listed on Schedule 7.2(d);

     (e) Indebtedness (including, without limitation, Capital Lease Obligations)
secured by Liens permitted by Section 7.3(g) in an aggregate principal amount not to
exceed $75,000,000 at any one time outstanding;

     (f) additional Indebtedness of the Borrower or any of its Subsidiaries in an
aggregate principal amount not to exceed (x) with respect to the Loan Parties,
$100,000,000 and (y) with respect to Subsidiaries that are not Loan Parties,
$150,000,000, in each case, at any one time outstanding; provided that the
aggregate principal amount of Indebtedness under clauses (x) and (y) shall not
exceed $200,000,000 at any one time outstanding;

     (g) Indebtedness of the Borrower or any of its Subsidiaries in respect of
workers’ compensation claims, self-insurance obligations, performance, bid and
surety bonds and completion guaranties, in each case in the ordinary course of
business;

     (h) Indebtedness of the Borrower or any of its Subsidiaries arising from the
honoring by a bank or other financial institution of a check, draft or similar
instrument inadvertently drawn by the Borrower or such Subsidiary in the ordinary
course of business against insufficient funds, so long as such Indebtedness is
repaid within five Business Days;

     (i) letters of credit issued for the account of any Group Member (including
Specified Letters of Credit), so long as the sum of (i) the aggregate undrawn face
amount thereof, (ii) any unreimbursed obligations in respect thereof and (iii) the
aggregate amount of pledges and deposits made pursuant to Section 7.3(t) below does
not exceed the LC Basket Limit at any time;

53 

 

     (j) obligations of Chinese Subsidiaries in respect of Chinese Acceptance Notes
in the ordinary course of business;

     (k) Indebtedness of a joint venture (including a joint venture which is treated
as a Subsidiary as a result of FASB Interpretation No. 46 issued by the Financial
Accounting Standards Board) as long as such Indebtedness is non-recourse to the
Borrower or any other Subsidiary of the Borrower in an aggregate principal amount
not to exceed $150,000,000 at any time;

     (l) Indebtedness incurred by any Group Member other than a Loan Party pursuant
to working capital lines of credit or any overdraft line or other cash management
system in an aggregate outstanding principal amount for all such Group Members at
the close of business on any day not to exceed $150,000,000;

     (m) (i) Indebtedness of the Borrower in respect of Permitted Second Lien
Indebtedness in an aggregate principal amount not to exceed $600,000,000,
plus any additional principal amount from interest thereon that is
paid-in-kind, and (ii) Guarantee Obligations of any Guarantor in respect of such
Indebtedness;

     (n) Indebtedness under tax-favored or government-sponsored financing
transactions; provided that (i) the terms of such transactions and the Group Members
party thereto have been approved by the Administrative Agent, (ii) such Indebtedness
is not senior in right of payment to the Obligations, (iii) any Lien on Collateral
arising pursuant to such transactions is subordinated to the Liens on the Collateral
securing the Obligations and (iv) the aggregate principal amount of such
Indebtedness shall not exceed $75,000,000 at any time;

     (o) Indebtedness incurred by any Group Member in order to finance Permitted
Acquisitions;

     (p) Seller Debt and Earn-outs incurred in connection with Permitted
Acquisitions; provided, that such Seller Debt or Earn-outs shall be
subordinated and/or restricted in a manner reasonably satisfactory to the
Administrative Agent at the time they are contemplated to be incurred;

     (q) Indebtedness of a Subsidiary of the Borrower acquired pursuant to a
Permitted Acquisition (or Indebtedness assumed at the time of a Permitted
Acquisition of an asset securing such Indebtedness); provided that (i) such
Indebtedness was not incurred in connection with, or in anticipation or
contemplation of, such Permitted Acquisition, and (ii) such Indebtedness does not
constitute debt for borrowed money, it being understood and agreed that Capitalized
Lease Obligations and purchase money Indebtedness shall not constitute debt for
borrowed money for purposes of this subclause (ii);

     (r) contingent obligations with respect to customary indemnification
obligations in favor of sellers in connection with Acquisitions permitted under
Section 7.7 and purchasers in connection with Dispositions permitted under Section
7.5;

     (s) provided that no Event of Default shall have occurred and be continuing or
would occur as a consequence thereof, Indebtedness which serves to refund, replace,
extend repurchase, redeem or refinance any Indebtedness permitted under paragraphs
(d),

54 

 

(e), (f), (o), (p) or (q) above, or any Indebtedness issued to so refund,
replace, extend, repurchase or refinance such Indebtedness, including, in each case,
additional Indebtedness incurred to pay premiums (including tender premiums),
defeasance costs and fees and expenses in connection therewith (collectively, the
“Permitted Refinancing Indebtedness”) at or prior to its respective
maturity; provided, however, that:

     (i) the weighted average life to maturity of such Permitted Refinancing
Indebtedness shall not be shorter than the weighted average life to maturity of such
refinanced Indebtedness at the time of such refunding or refinancing;

     (ii) to the extent such Permitted Refinancing Indebtedness refinances
Indebtedness subordinated or pari passu to the Obligations, such Permitted
Refinancing Indebtedness is subordinated or pari passu to the Obligations at least
to the same extent as the Indebtedness being refunded or refinanced;

     (iii) such Permitted Refinancing Indebtedness shall not be in a principal
amount in excess of the principal amount of, premium, if any, accrued interest on,
and related fees and expenses of, the Indebtedness being refunded, replaced,
extended, repurchased, redeemed or refinanced (including any premium, expenses,
costs and fees incurred in connection with such refund, replacement or refinancing);

     (iv) the obligors in respect of such Permitted Refinancing Indebtedness
(including in their capacities as primary obligor and guarantor) are the same as for
the Indebtedness being refinanced; and

     (v) any Liens securing such Permitted Refinancing Indebtedness are not extended
to any property which does not secure the Indebtedness being refinanced; and

     (t) unsecured Indebtedness and unsecured Guarantee Obligations of any Loan
Party in respect of such unsecured Indebtedness so long as the Net Cash Proceeds
thereof are applied to prepay the Loans in accordance with Section 2.9(a).

          7.3. Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, whether now
owned or hereafter acquired, except:

     (a) Liens for taxes not yet due or that are being contested in good faith by
appropriate proceedings, provided that adequate reserves with respect
thereto (if required by GAAP) are maintained on the books of the Borrower or its
Subsidiaries, as the case may be, in conformity with GAAP (or, in the case of
Foreign Subsidiaries, generally accepted accounting principles in effect from time
to time in their respective jurisdiction of organization);

     (b) landlord’s carriers’, warehousemen’s, mechanics’, materialmen’s,
repairmen’s, supplier, construction or other like Liens in the ordinary course of
business that are not overdue for a period of more than 45 days or that are being
bonded or contested in good faith by appropriate proceedings;

     (c) (i) pledges or deposits made in connection with workers’ compensation,
unemployment insurance and other social security legislation, and (ii) Liens (A) of
a collecting bank arising in the ordinary course of business under Section 4-210 of
the Uniform Commercial Code in effect in the relevant jurisdiction covering only the
items

55 

 

being collected upon or (B) in favor of a banking institution or financial
intermediary, encumbering amounts credited to deposit or securities accounts
(including the right of set-off) arising in the ordinary course of business in
connection with the maintenance of such accounts;

     (d) deposits to secure the performance of bids, trade contracts (other than for
borrowed money), leases, statutory obligations, surety and appeal bonds, performance
bonds, utility payments and other obligations of a like nature incurred in the
ordinary course of business;

     (e) zoning restrictions, survey exceptions and such matters as an accurate
survey would disclose, mortgage rights, easements, rights-of-way, restrictions and
other similar encumbrances incurred in the ordinary course of business that, in the
aggregate, are not substantial in amount and that do not in any case materially
detract from the value of the property subject thereto or materially interfere with
the ordinary conduct of the business of the Borrower or any of its Subsidiaries;

     (f) Liens in existence on the Closing Date (after giving effect to the
occurrence of the Effective Date) and listed on Schedule 7.3(f) and extensions,
renewals and replacements of any such Liens so long as the principal amount of
Indebtedness or other obligations secured thereby is not increased and so long as
such Liens are not extended to any other property of the Borrower or any of its
Subsidiaries;

     (g) Liens securing Indebtedness of the Borrower or any other Subsidiary
incurred pursuant to Section 7.2(e) to finance the acquisition of fixed or capital
assets; provided that (i) such Liens shall be created within 90 days of the
acquisition of such
fixed or capital assets, (ii) such Liens do not at any time encumber any
property other than the property financed by such Indebtedness and proceeds thereof
and (iii) the amount of Indebtedness secured thereby is not increased and
extensions, renewals and replacements of any such Liens so long as the principal
amount of Indebtedness or other obligations secured thereby is not increased and so
long as such Liens are not extended to any other property of the Borrower or any of
its Subsidiaries;

     (h) Liens created pursuant to the Loan Documents;

     (i) any interest or title of a lessor under any lease entered into by the
Borrower or any other Subsidiary in the ordinary course of its business and covering
only the assets so leased;

     (j) Liens with respect of leases, licenses, sublicenses or subleases granted to
others not interfering in any material respect with the businesses of the Borrower
or any of its Subsidiaries;

     (k) Liens with respect to operating leases not prohibited under this Agreement
and entered into in the ordinary course of business;

     (l) Liens not otherwise permitted by this Section so long as neither (i) the
aggregate outstanding principal amount of the obligations secured thereby nor (ii)
the aggregate fair market value (determined as of the date such Lien is incurred) of
the assets subject thereto exceeds (as to the Borrower and all Subsidiaries)
$50,000,000 at any one

56 

 

time; provided that not more than $35,000,000 of such
basket amount shall be available for Liens securing Indebtedness of the Borrower and
its Subsidiaries;

     (m) Liens on the assets of a Foreign Subsidiary and its Subsidiaries securing
obligations of such Persons that are not prohibited by Section 7.2 so long as the
aggregate outstanding principal amount of the obligations for borrowed money secured
thereby does not exceed (as to all Foreign Subsidiaries) $75,000,000 at any one
time;

     (n) receipt of progress payments and advances from customers in the ordinary
course of business to the extent same creates a Lien on the related inventory and
proceeds thereof;

     (o) Liens on the assets of joint ventures and their Subsidiaries securing
obligations of such Persons that are not prohibited by Section 7.2 so long as such
Liens do not encumber any assets or property of the Borrower or its other
Subsidiaries;

     (p) attachment, judgment or other similar Liens securing judgments or decrees
not constituting an Event of Default under Section 8.1(h) or securing appeal or
other surety bonds related to such judgments or decrees;

     (q) Liens securing obligations (other than obligations representing
Indebtedness for borrowed money) under operating, reciprocal easement or similar
agreements entered into in the ordinary course of business;

     (r) statutory Liens and rights of offset arising in the ordinary course of
business of the Borrower and its Subsidiaries;

     (s) Liens on assets of Foreign Subsidiaries securing Indebtedness of a Foreign
Subsidiary permitted by Sections 7.2(f) and 7.2(k) and securing other obligations
under the agreements governing or relating to such Indebtedness, so long as such
Liens do not encumber the Capital Stock of the Borrower or any of its Subsidiaries;

     (t) pledges or deposits made to support any obligations of the Group Members
(including cash collateral to secure obligations under letters of credit permitted
pursuant to Section 7.2(i)) so long as (without duplication) the sum of (i) the
aggregate undrawn face amount of letters of credit permitted pursuant to Section
7.2(i) above, (ii) any unreimbursed obligations in respect of letters of credit
permitted pursuant to Section 7.2(i) above and (iii) the aggregate amount of such
pledges and deposits does not exceed the limit set forth in Section 7.2(i);

     (u) Liens arising in connection with financing transactions permitted by
Section 7.2(n), provided that such liens do not at any time encumber any property
unless approved by the Administrative Agent and such Liens otherwise comply with
Section 7.2(n);

     (v) Liens on the Collateral (or any portion thereof) securing the obligations
under Permitted Second Lien Indebtedness; provided that such Liens are
subordinated pursuant to the Intercreditor Agreement;

     (w) Liens on property or assets acquired pursuant to a Permitted Acquisition,
or on property or assets of a Subsidiary of the Borrower in existence at the time
such

57 

 

Subsidiary is acquired pursuant to a Permitted Acquisition; provided that (i)
any Indebtedness that is secured by such Liens is permitted to exist under Section
7.2(q), and (ii) such Liens are not incurred in connection with, or in contemplation
or anticipation of, such Permitted Acquisition and do not attach to any other asset
of the Borrower or any of its Subsidiaries and extensions, renewals and replacements
of any such Liens so long as the principal amount of Indebtedness or other
obligations secured thereby is not increased and so long as such Liens are not
extended to any other property of the Borrower or any of its Subsidiaries;

     (x) statutory Liens and Liens granted by any orders in any proceeding in
connection with the CCAA Cases, in each case on any assets of any Canadian
Subsidiary of the Borrower;

     (y) Liens on receivables and customary related assets subject to a Receivable
Financing Transaction; and

     (z) the exchange or transfer within China of Chinese Acceptance Notes by
Chinese Subsidiaries of the Borrower in the ordinary course of business.

          7.4. Fundamental Changes. Enter into any merger, consolidation or amalgamation, or liquidate, wind up or dissolve
itself (or suffer any liquidation or dissolution), or Dispose of all or substantially all of its
property or business, except that:

     (a) any Subsidiary of the Borrower may be merged, consolidated with or into or
transferred to the Borrower (provided that the Borrower shall be the
continuing or
surviving corporation) or with, into or to any Guarantor (provided that
the Guarantor shall be the continuing or surviving corporation or simultaneously
therewith, the continuing corporation shall become a Guarantor);

     (b) any Subsidiary of the Borrower that is not a Loan Party may be merged,
consolidated, amalgamated, liquidated, wound-up, dissolved or all or substantially
all of its property or business Disposed of with, into or to a Subsidiary that is
not a Loan Party;

     (c) any Subsidiary of the Borrower may Dispose of any or all of its assets to
the Borrower or any Guarantor (upon voluntary liquidation or otherwise);

     (d) any Disposition otherwise permitted pursuant to Section 7.5 may be
completed; and

     (e) any Permitted Acquisition otherwise permitted pursuant to Section 7.7 may
be completed.

          7.5. Disposition of Property. Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of
any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

     (a) the Disposition of obsolete or worn out property or property no longer
useful in the business of the Borrower and its Subsidiaries, in each case in the
ordinary course of business;

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     (b) the Disposition of inventory or Cash Equivalents in the ordinary course of
business;

     (c) Dispositions permitted by Section 7.4(c), Restricted Payments permitted by
Section 7.6 and Investments permitted by Section 7.7;

     (d) the Disposition or issuance of any Subsidiary’s Capital Stock to the
Borrower or any Guarantor;

     (e) the licensing and cross-licensing arrangements of technology or other
intellectual property in the ordinary course of business;

     (f) the Disposition of any property or assets (i) to any Loan Party and (ii) by
any Subsidiary that is not a Loan Party to any other Subsidiary that is not a Loan
Party;

     (g) transfers of property as a result of any Recovery Event;

     (h) leases, occupancy agreements and subleases of property in the ordinary
course of business;

     (i) the Disposition by the Borrower and certain of its Subsidiaries of account
receivables of General Motors Corporation, Chrysler LLC and their affiliates and
customary related property to special purpose vehicles established by General Motors
Corporation and Chrysler LLC pursuant to the United States Department of the
Treasury’s Auto Supplier Support Programs;

     (j) the Disposition of receivables and customary related assets (i) in
connection with a Receivables Financing Transaction or (ii) pursuant to factoring
programs on customary market terms for such transactions and with respect to
receivables of, and generated by, Group Members that are not Loan Parties;

     (k) the Disposition for fair market value of certain assets in Sweden related
to the transfer of certain programs to a competitor as previously disclosed to the
Administrative Agent;

     (l) the exchange or transfer within China of Chinese Acceptance Notes by
Chinese Subsidiaries of the Borrower; and

     (m) the Disposition of other property (other than receivables and customary
related assets) having a fair market value not to exceed 5% of Consolidated Total
Tangible Assets in the aggregate during any fiscal year of the Borrower;
provided that the Net Cash Proceeds thereof are applied to prepay the Loans
to the extent required by Section 2.9(b).

          7.6. Restricted Payments. Declare or pay any dividend (other than dividends payable solely in common stock of the
Person making such dividend) on, or make any payment on account of, or set apart assets for a
sinking or other analogous fund for, the purchase, redemption, defeasance, retirement or other
acquisition of, any Capital Stock of the Borrower or any Subsidiary of the Borrower, whether now or
hereafter outstanding, or make any other distribution in respect thereof, either directly or
indirectly, whether in cash or property or in obligations of the Borrower or any Subsidiary of the
Borrower (collectively, “Restricted Payments”), except that (a) any Subsidiary may make Restricted

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Payments to any Loan Party, (b) any Subsidiary may make Restricted Payments to the Group Member
that is its parent company so long as, in the case of any Restricted Payment made by a Loan Party,
such parent company is also a Loan Party, (c) any Subsidiary may make Restricted Payments with
respect to the Capital Stock of such Subsidiary, provided that each Group Member shareholder of
such Subsidiary receives at least its ratable share thereof,
(d) in accordance with the excess cash paydown provisions
contemplated by the Plan of
Reorganization, the Borrower may make payments with respect to the Series A Preferred Stock in an
aggregate amount not to exceed $50,000,000 and (e) the Borrower may pay cash in lieu of fractional
shares in connection with any conversion of Series A Preferred Stock or warrants in accordance with
its terms, provided that at the time of such cash payment no Default or Event of Default
shall have occurred and be continuing. Notwithstanding the foregoing, the cashless exercise of
stock options granted pursuant to any employee benefit plan shall not be construed as a Restricted
Payment.

          7.7. Investments. Make any Investment except:

     (a) extensions of trade credit in the ordinary course of business;

     (b) Investments in Cash Equivalents;

     (c) Guarantee Obligations permitted by Section 7.2;

     (d) loans and advances to employees or directors of any Group Member in the
ordinary course of business (including for travel, entertainment and relocation
expenses);

     (e) Investments in the business of the Borrower and its Subsidiaries made by
the Borrower or any of its Subsidiaries with the proceeds of any Reinvestment
Deferred Amount;

     (f) intercompany Investments by (i) any Group Member in the Borrower or any
Person that, prior to such investment, is a Guarantor, (ii) by any Subsidiary that
is not a Loan Party in any other Subsidiary that is not a Loan Party, (iii) by any
Loan Party in a Foreign Subsidiary to fund in the ordinary course of business
foreign operations and (iv) by any Loan Party in any Subsidiary that is not a Loan
Party, provided that the aggregate amount of Investments under clause (iv)
in Subsidiaries that are organized under the laws of a Specified Jurisdiction shall
not exceed $250,000,000 at any one time outstanding in the aggregate plus, without
duplication, all cash returns of principal or capital, cash dividends and other cash
returns received by any Loan Party after the date hereof from any Subsidiary that is
organized under the laws of a Specified Jurisdiction;

     (g) Investments consisting of Indebtedness permitted by Section 7.2;

     (h) prepaid expenses and lease, utility, workers, compensation, performance and
other similar deposits made in the ordinary course of business;

     (i) Investments (including debt obligations) received in the ordinary course of
business by the Borrower or any Subsidiary in connection with the bankruptcy or
reorganization of suppliers and customers and in settlement or delinquent
obligations of, and other disputes with, customers and suppliers arising out of the
ordinary course of business;

     (j) Investments in existence on the Closing Date;

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     (k) Investments in Greenfield Holdings, LLC and Integrated Manufacturing and
Assembly L.L.C. to the extent that such Investments are made in the ordinary course
of a Loan Party’s business, for cash management purposes and not exceeding
$50,000,000 at any one time outstanding plus, without duplication, all cash
returns of principal or capital, cash dividends and other cash returns received by
any Loan Party after the date hereof from Greenfield Holdings, LLC or Integrated
Manufacturing and Assembly L.L.C.;

     (l) the Disposition or contribution by the Borrower and certain of its domestic
Subsidiaries of certain metals and electronics assets to its existing Subsidiaries
consistent with the restructuring plan including in the financial projections; and

     (m) Swap Agreements permitted by Section 7.9;

     (n) Investments in Special Purpose Subsidiaries arising or made under
Receivable Financing Transactions;

     (o) Permitted Acquisitions; and

     (p) in addition to Investments otherwise expressly permitted by this Section,
Investments by the Borrower or any of its Subsidiaries in an aggregate amount not to
exceed $200,000,000 at any one time outstanding.

          7.8. Transactions with Affiliates. Enter into any transaction, including any purchase, sale, lease or exchange of property,
the rendering of any service or the payment of any management, advisory or similar fees, with any
Affiliate (other than transactions among Group Members) unless such transaction (a) is otherwise
permitted under this Agreement, (b) is in the ordinary course of business of the relevant Group’s
Member, upon fair and reasonable terms no less favorable to the relevant Group Member than it would
obtain in a comparable arm’s length transaction with a Person that is not an Affiliate; or (c)
involves any Lender or Agent (or their Affiliates) in its capacity as Lender or Agent under this
Agreement.

          7.9. Swap Agreements. Enter into any Swap Agreement except (a) Swap Agreements entered into to hedge or mitigate
risks to which any Group Member has actual exposure (other than those in respect of Capital Stock
of any Person) and (b) Swap Agreements entered into in order to effectively cap, collar or exchange
interest rates (from fixed to floating rates, from one floating rate to another floating rate or
otherwise) with respect to any interest-bearing liability or investments of any Group Member,
provided that in each case such agreements are not entered into for speculative purposes.

          7.10. Changes in Fiscal Periods. Permit the fiscal year of the Borrower to end on a day other than December 31.

          7.11. Negative Pledge Clauses. Enter into or permit to exist or become effective any agreement that prohibits or limits
(other than a dollar limit, provided that such dollar limit is sufficient in amount to allow at all
times the Liens to secure the obligations under the Loan Documents in full) the ability of any Loan
Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues,
whether now owned or hereafter acquired, to secure its obligations under the Loan Documents to
which it is a party other than (a) this Agreement and the other Loan Documents, (b) any agreements
governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby or any
other secured obligation (other than Indebtedness for borrowed money) permitted by Section 7.3(c),
(d), (t), (w) or (y) (in which case, any prohibition or limitation shall only be effective against
(x) in the case of

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purchase money Liens or Capital Lease Obligations, the assets financed thereby
and proceeds thereof and (y) in the case of other secured obligations, the specific assets subject
to the Lien securing such obligation), (c) the Second Lien Term Loan Documents and any agreement
governing Permitted Second Lien Indebtedness (provided that the prohibition or limitation contained
therein is no less favorable to the Lenders than that which exists in the Second Lien Term Loan
Documents) , any agreement governing any Indebtedness existing as of the Closing Date and any
agreement governing any Permitted Refinancing Indebtedness of such Indebtedness existing as of the
Closing Date (provided that the prohibition or limitation contained therein is no less favorable to
the Lenders than that which exists in the agreement governing such Indebtedness as of the Closing
Date), (d) customary provisions in joint venture agreements and similar agreements that restrict
the transfer of assets of, or equity interests in, joint ventures, (e) customary provisions in any
agreements governing any Receivable Financing Transaction (in which case, any prohibition or
limitation shall only be effective against the assets conveyed thereunder), (f) any agreement
governing Specified Letters of Credit or any Specified Swap Agreement containing provisions not
more restrictive that the provisions of this Agreement and (g) licenses or sublicenses by the
Borrower and its Subsidiaries of intellectual property in the ordinary course of business (in
which case, any prohibition or limitation shall only be effective against the intellectual property
subject thereto).

          7.12. Clauses Restricting Subsidiary Distributions. Enter into or permit to exist or become effective any consensual encumbrance or restriction
on the ability of any Subsidiary of the Borrower to (a) make Restricted Payments in respect of any
Capital Stock of such Subsidiary held by, or pay any Indebtedness owed to, the Borrower or any
other Loan Party, (b) make loans or advances to, or other Investments in, the Borrower or any other
Loan Party or (c) transfer any of its assets to the Borrower or any other Loan Party, except for
such encumbrances or restrictions existing under or by reason of (i) any restrictions existing
under the Loan Documents, the Second Lien Term Loan Documents and any agreement governing Permitted
Second Lien Indebtedness (provided that the prohibition or limitation contained therein is no less
favorable to the Lenders than that which exits in the Second Lien Term Loan Documents), any
agreement governing any Indebtedness existing as of the Closing Date and any agreement governing
any Permitted Refinancing Indebtedness of such Indebtedness existing as of the Closing Date
(provided that the prohibition or limitation contained therein is no less favorable to the Lenders
than that which exists in the agreement governing such Indebtedness as of the Closing Date), (ii)
customary provisions in joint venture agreements and similar agreements that restrict the transfer
of equity interests in joint ventures (in which case such restrictions shall relate only to assets
of, or equity interests in, such joint venture or any holding company which may hold the Capital
Stock of such joint venture), (iii) any restrictions regarding licenses or sublicenses by the
Borrower and its Subsidiaries of intellectual property in the ordinary course of business (in
which case such restriction shall relate only to such intellectual property); (iv) customary
restrictions and conditions contained in agreements relating to the sale of all or a substantial
part of the capital stock or assets of any Subsidiary pending such sale, provided such restrictions
and conditions apply only to the Subsidiary to be sold and such sale is permitted hereunder, (v)
with respect to restrictions described in clause (a) of this Section 7.12, restrictions contained
in agreements governing Indebtedness permitted by Section 7.2(c) hereof; and (vi) with respect to
restrictions described in clause (c) of this Section 7.12, restrictions contained in agreements
governing Indebtedness permitted by Section 7.2(e) (as long as such restrictions apply to the
property financed thereby) and (k) hereof (as long as such restrictions apply only to the assets of
the applicable joint venture).

          7.13. Lines of Business. Enter into any business, either directly or through any Subsidiary, except for those
businesses in which the Borrower and its Subsidiaries are engaged on the date of this Agreement or
that are reasonably related thereto.

          7.14. Use of Proceeds. Use the proceeds of the Loans for purposes other than those described in Section 4.15.

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          7.15. Optional Payments and Modifications in respect of Permitted Second Lien
Indebtedness. Except to the extent permitted by the Intercreditor Agreement, (a) make or offer to make
any payment, prepayment, repurchase or redemption of or otherwise defease or segregate funds with
respect to the Permitted Second Lien Indebtedness other than (i) scheduled payments of interest,
(ii) refinancings thereof to the extent permitted by
Section 7.2 and (iii) in accordance with the excess cash
paydown provisions contemplated by the Plan of Reorganization, payments in an aggregate amount not to exceed $50,000,000 or (b) amend,
modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or
other change to, any of the terms of the Second Lien Term Loan Documents or the documents governing
other Permitted Second Lien Indebtedness (other than any such amendment, modification, waiver or
other change that would extend the maturity or reduce the amount of any payment of principal
thereof or reduce
the rate or extend any date for payment of interest thereon or would otherwise constitute a
refinancing permitted by Section 7.2 and, in each case, is not otherwise materially adverse to the
Lenders).

          7.16. Sale and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any Loan Party of
real or personal property that has been or is to be sold or transferred by such Loan Party to such
Person or to any other Person to whom funds have been or are to be advanced by such Person on the
security of such property or rental obligations of such Loan Party unless the Net Cash Proceeds
received by such Loan Party have been used to make a prepayment of the Loans to the extent required
by Section 2.9(b) above.

SECTION 8. EVENTS OF DEFAULT

          8.1. Events of Default. If any of the following events shall occur and be continuing on or after the occurrence of
the Closing Date:

     (a) the Borrower shall fail to pay any principal of any Loan when due in
accordance with the terms hereof; or the Borrower shall fail to pay any interest on
any Loan, or any other amount payable hereunder or under any other Loan Document,
within three Business Days after any such interest or other amount becomes due in
accordance with the terms hereof; or

     (b) any representation or warranty made or deemed made by any Loan Party herein
or in any other Loan Document or that is contained in any certificate, document or
financial or other statement furnished by it at any time under or in connection with
this Agreement or any such other Loan Document shall prove to have been inaccurate
in any material respect on or as of the date made or deemed made; or

     (c) any Loan Party shall default in the observance or performance of any
agreement contained in clause (i) of Section 6.4(a) (with respect to the Borrower
only), Section 6.7(a) or Section 7 of this Agreement or Section 5.5 of the Guarantee
and Collateral Agreement; or

     (d) any Loan Party shall default in the observance or performance of any other
agreement contained in this Agreement or any other Loan Document (other than as
provided in paragraphs (a) through (c) of this Section), and such default shall
continue unremedied for a period of 30 days after notice thereof from the
Administrative Agent or the Required Lenders to the Borrower; or

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     (e) any Group Member (other than an Immaterial Subsidiary) shall (i) default in
making any payment of any principal of any Indebtedness (including any Guarantee
Obligation, but excluding the Loans) on the scheduled or original due date with
respect thereto; or (ii) default in making any payment of any interest on any such
Indebtedness beyond the period of grace, if any, provided in the instrument or
agreement under which such Indebtedness was created; or (iii) default in the
observance or performance of any other agreement or condition relating to any such
Indebtedness or contained in any instrument or agreement evidencing, securing or
relating thereto, or any other event shall occur or condition exist, the effect of
which default or other event or
condition is to cause, or to permit the holder or beneficiary of such
Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to
cause, with the giving of notice if required, such Indebtedness to become due prior
to its stated maturity or (in the case of any such Indebtedness constituting a
Guarantee Obligation) to become payable; provided, that a default, event or
condition described in clause (i), (ii) or (iii) of this paragraph (e) shall not at
any time constitute an Event of Default unless, at such time, one or more defaults,
events or conditions of the type described in clauses (i), (ii) and (iii) of this
paragraph (e) shall have occurred and be continuing with respect to Indebtedness the
outstanding principal amount (or the termination value, as applicable) of which
exceeds in the aggregate $35,000,000; or

     (f) (i) the Borrower or any of its Subsidiaries (other than 3% Subsidiaries)
shall commence any case, proceeding or other action (A) under any existing or future
law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency,
reorganization or relief of debtors, seeking to have an order for relief entered
with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking
reorganization, arrangement, adjustment, winding up, liquidation, dissolution,
composition or other relief with respect to it or its debts, or (B) seeking
appointment of a receiver, trustee, custodian, conservator or other similar official
for it or for all or any substantial part of its assets; or (ii) there shall be
commenced against the Borrower or any of its Subsidiaries (other than 3%
Subsidiaries) any case, proceeding or other action of a nature referred to in clause
(i) above that (A) results in the entry of an order for relief or any such
adjudication or appointment or (B) remains undismissed or undischarged for a period
of 60 days; or (iii) there shall be commenced against the Borrower or any of its
Subsidiaries (other than 3% Subsidiaries) any case, proceeding or other action
seeking issuance of a warrant of attachment, execution, distraint or similar process
against all or any substantial part of its assets that results in the entry of an
order for any such relief that shall not have been vacated, discharged, or stayed or
bonded pending appeal within 60 days from the entry thereof; or (iv) the Board of
Directors of the Borrower shall authorize any action set forth in clause (i) above;
or (v) the Borrower or any of its Subsidiaries (other than 3% Subsidiaries) shall
generally not, or shall be unable to, or shall admit in writing its inability to,
pay its debts as they become due; or (vi) or the Borrower or any of its Subsidiaries
(other than 3% Subsidiaries) shall make a general assignment for the benefit of its
creditors; provided that all 3% Subsidiaries that are subject to any of the
proceedings or actions described in clauses (i) through (vi) of this paragraph (f)
shall not at any time contribute in the aggregate more than 5% of Consolidated
Assets or more than 5% of Consolidated Revenues; or

     (g) (i) an ERISA Event shall have occurred; (ii) a trustee shall be appointed
by a United States district court to administer any Single Employer Plan, (iii) the
PBGC shall institute proceedings to terminate any Single Employer Plan(s); (iv) any
Loan Party or any of their respective ERISA Affiliates shall have been notified by
the sponsor of a

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Multiemployer Plan that it has incurred or will be assessed
Withdrawal Liability to such Multiemployer Plan and such entity does not have
reasonable grounds for contesting such Withdrawal Liability or is not contesting
such Withdrawal Liability in a timely and appropriate manner; or (v) any other event
or condition shall occur or exist with respect to a Plan; and in each case in
clauses (i) through (v) above, such event or condition, together with all other such
events or conditions, if any, could reasonably be expected to have a Material
Adverse Effect; or

     (h) one or more judgments or decrees shall be entered against any Group Member
involving in the aggregate a liability (excluding any amounts paid or covered by
insurance as to which the relevant insurance company has not denied coverage) of
$35,000,000 or more, and all such judgments or decrees shall not have been vacated,
discharged, stayed or bonded pending appeal within 60 days from the entry thereof;
or

     (i) any of the Loan Documents shall cease, for any reason, to be in full force
and effect, or any Loan Party or any Affiliate of any Loan Party shall so assert, or
any Liens created by any Loan Documents shall cease to be enforceable and of the
same effect and priority purported to be created thereby other than by reason of the
release thereof in accordance with the terms of the Loan Documents; or

     (j) a Change of Control shall have occurred; or

     (k) the Intercreditor Agreement shall cease, for any reason, to be in full
force and effect or the Liens securing the obligations under the Second Lien Term
Loan Agreement shall cease, for any reason, to be validly subordinated to the Liens
securing the Obligations, or any Loan Party or any Affiliate of any Loan Party shall
assert any of the foregoing;

then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or
(ii) of paragraph (f) above with respect to the Borrower, automatically the Commitments shall
immediately terminate and the Loans (with accrued interest thereon) and all other amounts owing
under this Agreement and the other Loan Documents (including, without limitation, all amounts to be
paid pursuant to Section 2.6(a)) shall immediately become due and payable, and (B) if such event is
any other Event of Default, either or both of the following actions may be taken: (i) with the
consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required
Lenders, the Administrative Agent shall, by notice to the Borrower declare the Commitments to be
terminated forthwith, whereupon the Commitments shall immediately terminate; and (ii) with the
consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required
Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans (with accrued
interest thereon) and all other amounts owing under this Agreement and the other Loan Documents to
be due and payable forthwith, whereupon the same shall immediately become due and payable. Except
as expressly provided above in this Section, presentment, demand, protest and all other notices of
any kind are hereby expressly waived by the Borrower.

SECTION 9. THE AGENTS

          9.1. Appointment. Each Lender hereby irrevocably designates and appoints the Administrative Agent as the
agent and the Collateral Agent as the collateral agent of such Lender under this Agreement and the
other Loan Documents, and each such Lender irrevocably authorizes each of the Administrative Agent
and the Collateral Agent, in its capacity as such, to take such action on its behalf under the
provisions of this Agreement and the other Loan Documents and to exercise such powers and

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perform
such duties as are expressly delegated to the Administrative Agent and Collateral Agent, as
applicable, by the terms of this Agreement and the other Loan Documents, together with such other
powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary
elsewhere in this Agreement, the Administrative Agent and the Collateral Agent shall not have any
duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship
with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or
liabilities shall be read into this Agreement or any other
Loan Document or otherwise exist against the Administrative Agent or the Collateral Agent, as
applicable.

          9.2. Delegation of Duties. Each of the Administrative Agent and the Collateral Agent may execute any of its duties
under this Agreement and the other Loan Documents by or through agents or attorneys-in-fact and
shall be entitled to advice of counsel concerning all matters pertaining to such duties. Neither
Agent shall be responsible for the negligence or misconduct of any agents or attorneys-in-fact
selected by it with reasonable care. The exculpatory provisions of this Agreement and of the other
Loan Documents shall apply to any such agent or attorney-in-fact and to their Related Parties (as
defined below).

          9.3. Exculpatory Provisions. Neither any Agent nor any of its officers, directors, employees, agents, advisors,
attorneys-in-fact, controlling persons or affiliates (collectively, the “Related Parties”) shall be
(i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in
connection with this Agreement or any other Loan Document (except to the extent that any of the
foregoing are found by a final and nonappealable decision of a court of competent jurisdiction to
have resulted from its or such Person’s own gross negligence or willful misconduct) or (ii)
responsible in any manner to any of the Lenders for any recitals, statements, representations or
warranties made by any Loan Party or any officer thereof contained in this Agreement or any other
Loan Document or in any certificate, report, statement or other document referred to or provided
for in, or received by the Agents under or in connection with, this Agreement or any other Loan
Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of
this Agreement or any other Loan Document or for any failure of any Loan Party a party thereto to
perform its obligations hereunder or thereunder. The Agents shall not be under any obligation to
any Lender to ascertain or to inquire as to the observance or performance of any of the agreements
contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the
properties, books or records of any Loan Party.

          9.4. Reliance by Agents. The Agents and their Related Parties shall be entitled to rely, and shall be fully
protected in relying, upon any instrument, writing, resolution, notice, consent, certificate,
affidavit, letter, telecopy, facsimile or email message, statement, order or other document or
conversation believed by it to be genuine and correct and to have been signed, sent or made by the
proper Person or Persons and upon advice and statements of legal counsel (including counsel to the
Borrower), independent accountants and other experts selected by the Agents. The Agents and their
Related Parties may deem and treat the payee of any Note as the owner thereof for all purposes
unless a written notice of assignment, negotiation or transfer thereof shall have been filed with
the Administrative Agent. The Agents and their Related Parties shall be fully justified in failing
or refusing to take any action under this Agreement or any other Loan Document unless it shall
first receive such advice or concurrence of the Required Lenders (or, if so specified by this
Agreement, all Lenders or any other instructing group of Lenders specified by this Agreement) as it
deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any
and all liability and expense that may be incurred by it by reason of taking or continuing to take
any such action. The Agents and their Related Parties shall in all cases be fully protected in
acting, or in refraining from acting, under this Agreement and the other Loan Documents in
accordance with a request of the Required Lenders (or, if so specified by this Agreement, all
Lenders or any other instructing group of Lenders specified by this Agreement), and such request
and

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any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and
all future holders of the Loans.

          9.5. Notice of Default. No Agent shall be deemed to have knowledge or notice of the occurrence of any Default or
Event of Default unless such Agent has received notice from a Lender or the Borrower referring to
this Agreement, describing such Default or Event of Default and stating that such notice is a
“notice of default”. In the event that an Agent receives such a notice, such Agent shall give
notice thereof to the Lenders. The Agents shall take such action with respect to such Default or
Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by
this Agreement, all Lenders or any other instructing group of Lenders specified by this Agreement);
provided that unless and until the Agents shall have received such directions, the Agents may (but
shall not be obligated to) take such action, or refrain from taking such action, with respect to
such Default or Event of Default as they shall deem advisable in the best interests of the Lenders.

          9.6. Non-Reliance on Agents and Other Lenders. Each Lender expressly acknowledges that neither the Agents nor any of their Related Parties
have made any representations or warranties to it and that no act by the any Agent hereafter taken,
including any review of the affairs of a Loan Party or any affiliate of a Loan Party, shall be
deemed to constitute any representation or warranty by any Agent to any Lender. Each Lender
represents to the Agents that it has, independently and without reliance upon any Agent or any
other Lender, and based on such documents and information as it has deemed appropriate, made its
own appraisal of and investigation into the business, operations, property, financial and other
condition and creditworthiness of the Loan Parties and their affiliates and made its own decision
to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it
will, independently and without reliance upon any Agent 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
analysis, appraisals and decisions in taking or not taking action under this Agreement and the
other Loan Documents, and to make such investigation as it deems necessary to inform itself as to
the business, operations, property, financial and other condition and creditworthiness of the Loan
Parties and their affiliates. Except for notices, reports and other documents expressly required
to be furnished to the Lenders by the Agents hereunder, the Agents shall not have any duty or
responsibility to provide any Lender with any credit or other information concerning the business,
operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan
Party or any affiliate of a Loan Party that may come into the possession of the Agents or any of
its officers, directors, employees, agents, advisors, attorneys-in-fact or affiliates.

          9.7. Indemnification. The Lenders agree to indemnify each Agent and its Related Parties (each, an “Agent
Indemnitee”) (to the extent not reimbursed by the Borrower and without limiting the obligation of
the Borrower to do so), ratably according to their respective Outstanding Percentages in effect on
the date on which indemnification is sought under this Section (or, if indemnification is sought
after the date upon which the Commitments shall have terminated and the Loans shall have been paid
in full, ratably in accordance with such Outstanding Percentages immediately prior to such date),
from and against any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind (including reasonable attorneys fees
and expenses) whatsoever that may at any time (whether before or after the payment of the Loans) be
imposed on, incurred by or asserted against such Agent Indemnitee in any way relating to or arising
out of, the Commitments, this Agreement, any of the other Loan Documents or any documents
contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby
or any action taken or omitted by such Agent Indemnitee under or in connection with any of the
foregoing; provided that no Lender shall be liable for the payment of any portion of such
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements that are found by a final and nonappealable decision of a court of
competent jurisdiction to have resulted from such Agent Indemnitee’s gross negligence or willful

67 

 

misconduct. The agreements in this Section shall survive the payment of the Loans and all other
amounts payable hereunder.

          9.8. Agent in Its Individual Capacity. Each Agent and its affiliates may make loans to, accept deposits from and generally engage
in any kind of business with any Loan Party as though such Agent were not an Agent. With respect
to its Loans made or renewed by it, each Agent shall have the same rights and powers under this
Agreement and the other Loan Documents as any Lender and may exercise the same as though it were
not an Agent, and the terms “Lender” and “Lenders” shall include each Agent in its individual
capacity.

          9.9. Successor Administrative Agent. The Administrative Agent may resign as Administrative Agent upon 10 days’ notice to the
Lenders and the Borrower. If the Administrative Agent shall resign as Administrative Agent under
this Agreement and the other Loan Documents, then the Required Lenders shall appoint from among the
Lenders a successor agent for the Lenders, whereupon such successor agent shall succeed to the
rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall
mean such successor agent effective upon such appointment and approval, and the former
Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated,
without any other or further act or deed on the part of such former Administrative Agent or any of
the parties to this Agreement or any holders of the Loans. If no successor agent has accepted
appointment as Administrative Agent by the date that is 10 days following a retiring Administrative
Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless
thereupon become effective, and the Lenders shall assume and perform all of the duties of the
Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor
agent as provided for above. After any retiring Administrative Agent’s resignation as
Administrative Agent, the provisions of this Section 9 and of Section 10.5 shall continue to inure
to its benefit. The Administrative Agent may in its discretion resign as Collateral Agent at any
time it resigns as Administrative Agent.

          9.10. Execution of Loan Documents. The Lenders hereby empower and authorize the Agents, on behalf of the Lenders, to execute
and deliver to the Loan Parties the other Loan Documents and all related agreements, certificates,
documents, or instruments as shall be necessary or appropriate to effect the purposes of the Loan
Documents. Each Lender agrees that any action taken by the Agents or the Required Lenders (or any
other instructing group of Lenders specified by this Agreement) in accordance with the terms of
this Agreement or the other Loan Documents, and the exercise by the Agents or the Required Lenders
(or any other instructing group of Lenders specified by this Agreement) of their respective powers
set forth therein or herein, together with such other powers that are reasonably incidental
thereto, shall be binding upon all of the Lenders.

          9.11. Collateral Agent. (a) The provisions of Section 9 that apply to the Administrative Agent shall apply,
mutatis mutandis, to the Collateral Agent and to any successor Collateral Agent, as applicable;
provided that, notwithstanding anything herein to the contrary, the Collateral Agent shall have the
right to appoint a successor to itself as Collateral Agent and without the consent of any Lender.

          (b) The Collateral Agent is authorized on behalf of all the Lenders, without the necessity of
any notice to or further consent from the Lenders, from time to time to take any action with
respect to any Collateral or the Loan Documents which may be necessary to perfect and maintain a
perfected security interest in and Liens upon the Collateral granted pursuant to the Loan
Documents. Except for the safe custody of any Collateral in its possession and the accounting for
moneys actually received by it hereunder or under any of the other Loan Documents, the Collateral
Agent shall not have any duty as to any Collateral, as to ascertaining or taking action with
respect to calls, conversions, exchanges, maturities, trades or other matters relative to any
Collateral, whether or not the Collateral Agent is deemed to have knowledge of such matters, or as
to taking of any necessary steps to preserve

68 

 

rights against any parties or any other rights
pertaining to any Collateral (including the filing of UCC Financing and Continuation Statements).
The Collateral Agent shall be deemed to have exercised appropriate and due care in the custody and
preservation of any Collateral in its possession if such Collateral is accorded treatment
substantially equal to that which other collateral agents accord similar property.

          (c) Each of the Administrative Agent and the Collateral Agent, in its capacity as an agent
under the Intercreditor Agreement, shall be entitled to all right, privileges, protections,
immunities, benefits and indemnities provided to the Administrative Agent under this Section 9.

SECTION 10. MISCELLANEOUS

          10.1. Amendments and Waivers. (a) Neither this Agreement, any other Loan Document, nor any terms hereof or thereof may
be amended, supplemented or modified except in accordance with the provisions of this Section 10.1.
The Required Lenders and each Loan Party party to the relevant Loan Document may, or, with the
written consent of the Required Lenders, the Administrative Agent and each Loan Party party to the
relevant Loan Document may, from time to time, (a) enter into written amendments, supplements or
modifications hereto and to the other Loan Documents for the purpose of adding any provisions to
this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or
of the Loan Parties hereunder or thereunder or (b) waive, on such terms and conditions as the
Required Lenders or the Administrative Agent, as the case may be, may specify in such instrument,
any of the requirements of this Agreement or the other Loan Documents or any Default or Event of
Default and its consequences; provided, however, that no such waiver and no such amendment,
supplement or modification shall (i) forgive the principal amount or extend the final scheduled
date of maturity of any Loan, extend the scheduled date of any principal amortization payment in
respect of any Loan, reduce the stated rate of any interest or fee payable hereunder (except (x) in
connection with the waiver of applicability of any post-default increase in interest rates (which
waiver shall be effective with the consent of the Required Lenders), (y) in connection with the
waiver or extension of any mandatory prepayment hereunder, and (z) that any amendment or
modification of defined terms used in the financial covenants in this Agreement shall not
constitute a reduction in the rate of interest or fees for purposes of this clause (i)) or extend
the scheduled date of any payment thereof, or increase the amount or extend the expiration date of
any Lender’s Commitment, in each case without the written consent of each Lender directly affected
thereby; (ii) eliminate or reduce the voting rights of any Lender under this Section 10.1 without
the written consent of such Lender; (iii) reduce any percentage specified in the definition of
Required Lenders or consent to the assignment or transfer by the Borrower of any of its rights and
obligations under this Agreement and the other Loan Documents, in each case without the written
consent of all Lenders; (iv) amend, modify or waive any provision of Section 9 or any other
provision of any Loan Document that affects the Administrative Agent without the written consent of
the Administrative Agent; or (v) release all or substantially all of the Collateral securing the
Obligations or release all or substantially all of the Guarantors from their obligations under the
Guarantee and Collateral Agreement, in each case without the
consent of each Lender. Any such waiver and any such amendment, supplement or modification
shall apply equally to each of the Lenders and shall be binding upon the Loan Parties, the Lenders,
the Administrative Agent and all future holders of the Loans. In the case of any waiver, the Loan
Parties, the Lenders and the Administrative Agent shall be restored to their former position and
rights hereunder and under the other Loan Documents, and any Default or Event of Default waived
shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent
or other Default or Event of Default, or impair any right consequent thereon.

          (b) Notwithstanding the foregoing, the Administrative Agent may amend or supplement the
Intercreditor Agreement and the Security Documents without the consent of any Lender or the
Required Lenders (but with the consent of the Borrower to the extent required under the

69 

 

Intercreditor Agreement and the Security Documents) to cure any ambiguity, defect or inconsistency
in the Intercreditor Agreement or the Security Documents.

          (c) The Borrower shall be permitted to replace any Lender that requests any payment under
Section 2.16 or 2.17(a) or that does not consent to any proposed amendment, supplement,
modification, consent or waiver of any provision of this Agreement or any other Loan Document that
requires the consent of each of the Lenders or each of the Lenders affected thereby (so long as the
consent of the Required Lenders has been obtained), with a replacement financial institution;
provided that (i) such replacement does not conflict with any Requirement of Law, (ii) the
replacement financial institution shall purchase, at par, all Loans and other amounts owing to such
replaced Lender on or prior to the date of replacement, (iii) the Borrower shall be liable to such
replaced Lender under Section 2.18 if any Eurodollar Loan owing to such replaced Lender shall be
purchased other than on the last day of the Interest Period relating thereto, (iv) the replacement
financial institution shall be reasonably satisfactory to the Administrative Agent, (v) the
replaced Lender shall be obligated to make such replacement in accordance with the provisions of
Section 10.6 (provided that the Borrower shall be obligated to pay the processing and
recordation fee referred to therein) and (vi) any such replacement shall not be deemed to be a
waiver of any rights that the Borrower, the Administrative Agent or any other Lender shall have
against the replaced Lender.

          (d) Notwithstanding the foregoing, this Agreement may be amended (x) with the written consent
of the Administrative Agent, the Borrower and the Lenders providing the relevant Replacement Term
Loans (as defined below) to permit the refinancing of all or a portion of the Loans outstanding
hereunder (“Refinanced Terms Loans”) with a replacement term loan tranche hereunder which
shall be Loans hereunder (“Replacement Term Loans”); provided that (i) the
aggregate principal amount of such Replacement Term Loans shall not exceed the aggregate principal
amount of such Refinanced Term Loans, (ii) the weighted average life to maturity of such
Replacement Term Loans shall not be shorter than the weighted average life to maturity of such
Refinanced Term Loans at the time of such refinancing and (iii) all other terms applicable to such
Replacement Term Loans shall be substantially identical to, or less favorable to the Lenders
providing, such Replacement Term Loans than, those applicable to such Refinanced Term Loans, except
to the extent necessary to provide for covenants and other terms applicable to any period after the
latest final maturity of any Loans in effect immediately prior to such refinancing and (y) with the
written consent of the Administrative Agent, the Borrower and the Lenders providing the relevant
Replacement Revolving Loans (as defined below) to permit the refinancing of any Refinanced Term
Loans with a revolving facility hereunder (“Replacement Revolving Facility”);
provided that (i) the aggregate principal amount of such Replacement Revolving Facility
shall not exceed the aggregate principal amount of such Refinanced Term Loans, (ii) the final
maturity date of such Replacement Revolving Facility shall be no earlier than the Maturity Date of
the Refinanced Term Loans, (iii) the Replacement Revolving Facility shall be fully drawn on the
closing date thereof and the proceeds of the Replacement Revolving Facility shall be used to repay
the outstanding Refinanced Term Loans, and (iv) the Replacement Revolving Facility shall be on
terms and pursuant to documentation to
be determined by the Borrower and the Persons willing to provide such Replacement Revolving
Facility, provided that (A) to the extent such terms and documentation are not consistent
with the Facility (other than with respect to pricing) they shall be reasonably satisfactory to the
Administrative Agent and (B) if the Applicable Margin (which term for purposes of this Section
10.1(d) shall include any upfront fees payable by the Borrower to the lenders under the Facility or
the Replacement Revolving Facility, as applicable, in the primary syndication thereof (with such
upfront fees being equated to interest based on assumed three-year life to maturity)) relating to
any Replacement Revolving Facility exceeds the Applicable Margin relating to the Refinanced Term
Loans immediately prior to the refinancing thereof, the Applicable Margin relating to the Facility
shall be adjusted to equal the Applicable Margin relating to such Replacement Revolving Facility.

70 

 

          (e) In addition, notwithstanding the foregoing, this Agreement, including this Section 10.1,
and the other Loan Documents may be amended (or amended and restated) pursuant to Section 2.20 in
order to add any Incremental Facility to this Agreement and (a) to permit the extensions of credit
from time to time outstanding thereunder and the accrued interest and fees in respect thereof to
share ratably in the benefits of this Agreement (including the rights of the lenders under
Incremental Facility to share ratably with the Facility in prepayments pursuant to Sections 2.8 and
2.9), the Guaranty and Collateral Agreement and the other Loan Documents with the Loans and the
accrued interest and fees in respect thereof, (b) to include appropriately the Lenders holding such
credit facility in any determination of the Required Lenders and (c) to amend other provision of
the Loan Documents so that the Incremental Facility is appropriately incorporated (including this
Section 10.1).

          10.2. Notices. All notices, requests and demands to or upon the respective parties hereto to be effective
shall be in writing (including by telecopy), and, unless otherwise expressly provided herein, shall
be deemed to have been duly given or made when delivered, or three Business Days after being
deposited in the mail, postage prepaid, or, in the case of telecopy notice, when received,
addressed as follows in the case of the Borrower and the Administrative Agent, and as set forth in
an administrative questionnaire delivered to the Administrative Agent in the case of the Lenders,
or to such other address as may be hereafter notified by the respective parties hereto:

	 	 	 	 	 
	 

	 	The Borrower:
	 	Lear Corporation
	 

	 	 	 	21557 Telegraph Road
	 

	 	 	 	Southfield, Michigan 48033
	 

	 	 	 	Attention: Shari L. Burgess
	 

	 	 	 	Telecopy: (248) 447-1593
	 

	 	 	 	Telephone: (248) 447-1580
	 

	 	 	 	Email: sburgess@lear.com
	 
	 	 	 	 
	 

	 	 	 	With copies to:
	 
	 	 	 	 
	 

	 	 	 	Lear Corporation
	 

	 	 	 	21557 Telegraph Road
	 

	 	 	 	Southfield, Michigan 48033
	 

	 	 	 	Attention: Terrence B. Larkin
	 

	 	 	 	Telecopy: (248) 447-5126
	 

	 	 	 	Telephone: (248) 447-5123
	 

	 	 	 	Email: TLarkin@lear.com
	 
	 	 	 	 
	 

	 	 	 	With copies to (which shall not constitute
a notice hereunder):
	 
	 	 	 	 
	 

	 	 	 	Winston & Strawn LLP
	 

	 	 	 	35 West Wacker Drive
	 

	 	 	 	Chicago, IL 60601-9703
	 

	 	 	 	Telecopy: (312) 558-5989
	 

	 	 	 	Telephone: (312) 558-5700
	 

	 	 	 	Email: CBoehrer@winston.com
	 
	 	 	 	 
	 

	 	Administrative Agent or

Collateral Agent:
	 	JPMorgan Chase Bank, N.A.
	 
	 	 	 	 
	 

	 	 	 	Attention: Douglas Jenks

71 

 

	 	 	 	 	 
	 

	 	 	 	Telecopy: (212) 622-4557
	 

	 	 	 	Telephone: (212) 622-4521
	 

	 	 	 	Email: douglas.jenks@chase.com
	 
	 	 	 	 
	 

	 	 	 	With copies to:
	 
	 	 	 	 
	 

	 	 	 	JPMorgan Chase Bank, N.A.
	 

	 	 	 	Richard Duker
	 

	 	 	 	Telecopy: (212) 270-5100
	 

	 	 	 	Telephone: (212) 270-3057
	 

	 	 	 	Email: richard.duker@jpmorgan.com
	 
	 	 	 	 
	 

	 	 	 	JPMorgan Chase Bank, N.A.
	 

	 	 	 	Attention: Goh Siew Tan
	 

	 	 	 	Telecopy: (212) 622-4556
	 

	 	 	 	Telephone: (212) 622-4575
	 

	 	 	 	Email: gohsiew.tan@jpmorgan.com
	 
	 	 	 	 
	 

	 	 	 	1111 Fannin Street, Floor 10
	 

	 	 	 	Houston, TX 77002
	 

	 	 	 	Attention: Alice Telles
	 

	 	 	 	Telecopy: (713) 750-2938
	 

	 	 	 	Telephone: (713) 750-7941
	 

	 	 	 	Email: alice.h.telles@jpmchase.com

provided that any notice, request or demand to or upon the Agents or the Lenders shall not
be effective until received.

          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 Section 2 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.

          10.3. No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent,
the Collateral Agent or any Lender, any right, remedy, power or privilege hereunder or under the
other Loan Documents shall operate as a waiver thereof; nor shall any single or partial exercise of
any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or
the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and
privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and
privileges provided by law.

          10.4. Survival of Representations and Warranties. All representations and warranties made hereunder, in the other Loan Documents and in any
document, certificate or statement delivered pursuant hereto or in connection herewith shall
survive the execution and delivery of this Agreement and the making of the Loans and other
extensions of credit hereunder.

          10.5. Payment of Expenses and Taxes. The Borrower agrees (a) to pay or reimburse each Agent for all its reasonable,
out-of-pocket costs and expenses incurred in connection with the

72 

 

development, preparation and
execution of, and any amendment, supplement or modification to, this Agreement, the other Loan
Documents and any other documents prepared in connection herewith or therewith, and the
consummation and administration of the transactions contemplated hereby and thereby, including the
reasonable fees and disbursements of counsel and any financial advisor or third party consultants
or appraisers to and each Agent and filing and recording fees and expenses, with statements with
respect to the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of
amounts to be paid on the Closing Date) and from time to time thereafter on such other periodic
basis as each Agent shall deem appropriate, (b) to pay or reimburse each Lender and each Agent for
all its reasonable out-of-pocket costs and expenses incurred in connection with the enforcement or
preservation of any rights under this Agreement, including in connection with any work-out,
restructuring, forbearance or other amendment providing relief to the Borrower, the other Loan
Documents and any such other documents related thereto, including the reasonable fees and
disbursements of counsel and any financial advisor or third party consultants or appraisers to each
Agent and the reasonable fees and disbursements of counsel to the several Lenders; provided
that, in the case of clauses (a) and (b), the Borrower shall not be obligated to so reimburse for
more than one law firm (and, in addition to such law firm, any local counsel engaged in each
relevant jurisdiction by such law firm) as counsel for the Lenders and the Agents, (c) to pay,
indemnify, and hold each Lender and each Agent harmless from, any and all recording and filing
fees, if any, that may be payable or determined to be payable in connection with the execution and
delivery of, or consummation or administration of any of the transactions contemplated by, or any
amendment, supplement or modification of, or any waiver or consent under or in respect of, this
Agreement, the other Loan Documents and any such other documents related thereto, and (d) to pay,
indemnify, and hold each Lender and each Agent and their respective officers, directors, employees,
affiliates, agents, advisors, trustees and controlling persons (each, an “Indemnitee”) harmless
from and against any and all other liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever arising out of
any litigation, investigation or proceeding with respect to the execution, delivery, enforcement,
performance and administration of this Agreement, the other Loan Documents and any such other
documents and instruments referred to therein, including any of the foregoing relating to the use
of proceeds of the Loans or the violation of, noncompliance with or liability under, any
Environmental Law applicable to the operations of any Group Member or any of the Properties and the
reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by
any Indemnitee against any Loan Party under any Loan Document (all the foregoing in this clause
(d), collectively, the “Indemnified Liabilities”), provided, that the Borrower shall have no
obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent
such Indemnified Liabilities are found by a final and nonappealable decision of a court of
competent jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct
of such Indemnitee. Without limiting the foregoing, and to the extent permitted by applicable law,
the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives
and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of
recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages,
costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of
them might have by statute or otherwise against any Indemnitee. All amounts due under this Section
10.5 shall be payable not later than 10 days after a reasonably detailed written demand therefor.
Statements payable by the Borrower pursuant to this Section 10.5 shall be submitted to Shari
Burgess (Telecopy No. (248) 447-1593; Telephone No. 248-447-1580; and Email: sburgess@lear.com), at
the address of the Borrower set forth in Section 10.2, or to such other Person or address as may be
hereafter designated by the Borrower in a written notice to the Administrative Agent. The
agreements in this Section 10.5 shall survive repayment of the Loans and all other amounts payable
hereunder.

          10.6. Successors and Assigns; Participations and Assignments. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that (i) the
Borrower may not assign or otherwise transfer

73 

 

any of its rights or obligations hereunder without
the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower
without such consent shall be null and void), (ii) no Lender may assign or otherwise transfer its
rights or obligations hereunder except in accordance with this Section and (iii) no Lender may
assign or otherwise transfer its rights or obligations hereunder to any Loan Party or any of its
Affiliates.

          (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below and subject to
paragraph (a)(iii) above, any Lender may assign to one or more Eligible Assignees (each, an
“Assignee”) all or a portion of its rights and obligations under this Agreement (including
all or a portion of its Commitments and the Loans at the time owing to it) with the prior written
consent of the Administrative Agent, provided that no consent of the Administrative Agent shall be
required for an assignment of all or any portion of a Loan to a Lender, an affiliate of a Lender or
an Approved Fund; and

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

     (A) except in the case of an assignment to a Lender, an affiliate of a Lender or an
Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s
Commitments, the amount of the Commitments 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 $1,000,000
unless the Administrative Agent otherwise consents;

     (B) (1) 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 and (2) the assigning Lender shall have paid in full any amounts owing by it to the
Administrative Agent; and

     (C) 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.

     (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) below,
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 2.16, 2.17, 2.18 and
10.5). Any assignment or transfer by a Lender of rights or obligations under this
Agreement that does not comply with this Section 10.6 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 and to the extent permitted by paragraph (c) of this Section.

     (iv) The Administrative Agent, acting for this purpose as an agent of the Borrower,
shall maintain at one of its offices a copy of each Assignment and Assumption delivered to
it and a register for the recordation of the names and addresses of the Lenders, and the
Commitments of, and principal amount of the Loans owing to, each Lender pursuant to the

74 

 

terms hereof from time to time (the “Register”). The entries in the Register shall
be conclusive, and the Borrower, the Administrative Agent and the Lenders shall treat each
Person whose name is recorded in the Register pursuant to the terms hereof as a Lender
hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The
Register shall be available for inspection by the Borrower and any Lender, at any
reasonable time and from time to time upon reasonable prior notice.

     (v) Upon its receipt of a duly completed Assignment and Assumption executed by an
assigning Lender and an Assignee, 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.

          (c) (i) 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
Commitments and the Loans owing to it); provided that (A) such Lender’s obligations under
this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations and (C) the Borrower, the Administrative
Agent and the other Lenders shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement. Any agreement 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 may provide that such Lender will
not, without the consent of the Participant, agree to any amendment, modification or waiver that
(1) requires the consent of each Lender directly affected thereby pursuant to the proviso to the
second sentence of Section 10.1 and (2) directly affects such Participant. Subject to paragraph
(c)(ii) of this Section, the Borrower agrees that each Participant shall be entitled to the
benefits of Sections 2.16, 2.17 and 2.18 to the same extent as if it were a Lender and had acquired
its interest by
assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each
Participant also shall be entitled to the benefits of Section 10.7(b) as though it were a Lender,
provided such Participant shall be subject to Section 10.7(a) as though it were a Lender.

     (ii) A Participant shall not be entitled to receive any greater payment under Section
2.16, 2.17 or 2.18 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. Any Participant
that is a Non-U.S. Lender shall not be entitled to the benefits of Section 2.17 unless such
Participant complies with Section 2.17(d).

     (iii) In the event that any Lender sells a participation in a Loan, such Lender shall,
acting solely for this purpose as an agent of the Borrower, maintain a register on which it
enters the name and address of all participants in the Loans held by it and the principal
amount (and stated interest thereon) of the portion of the Loan which is the subject of the
participation (the “Participation Register”). A Loan may be participated in whole
or in part only by registration of such participation on the Participation Register. Any
transfer of such participation may be effected only by the Registration of such transfer on
the Participation Register. The entries in the Participation Register shall be conclusive
absent manifest error and such Lender shall treat such participants whose name is recorded
in the Participation Register as the owner of such

75 

 

participation for all purposes of this
Agreement, notwithstanding any notice to the contrary. The Participation Register shall be
available for inspection by the Administrative Agent at any reasonable time upon reasonable
prior notice.

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

          (e) The Borrower, upon receipt of written notice from the relevant Lender, agrees to issue
Notes to any Lender requiring Notes to facilitate transactions of the type described in paragraph
(d) above.

          (f) Notwithstanding the foregoing, any Conduit Lender may assign any or all of the Loans it
may have funded hereunder to its designating Lender without the consent of the Borrower or the
Administrative Agent and without regard to the limitations set forth in Section 10.6(b) (but with
regard to the requirements set forth in Section 10.6(b)(iv)). Each of the Borrower, each Lender
and the Administrative Agent hereby confirms that it will not institute against a Conduit Lender or
join any other Person in instituting against a Conduit Lender any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceeding under any state bankruptcy or similar law, for
one year and one day after the payment in full of the latest maturing commercial paper note issued
by such Conduit Lender; provided, however, that each Lender designating any Conduit Lender
hereby agrees to indemnify, save and hold harmless each other party hereto for any loss, cost,
damage or expense arising out of its inability to institute such a proceeding against such Conduit
Lender during such period of forbearance.

          10.7. Adjustments; Set-off. (a) Except to the extent that this Agreement, any other Loan Document or a court order
expressly provides for payments to be allocated to a particular Lender or Lenders (including
assignments made pursuant to Section 10.6), if any Lender (a “Benefited Lender”) shall, at any
time after the Loans and other amounts payable hereunder shall immediately become due and payable
pursuant to Section 8, receive any payment of all or part of the Obligations owing to it, or
receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, or
otherwise), in a greater proportion than any such payment to or collateral received by any other
Lender, if any, in respect of the Obligations owing to such other Lender, such Benefited Lender
shall purchase for cash from the other Lenders a participating interest in such portion of the
Obligations owing to each such other Lender, or shall provide such other Lenders with the benefits
of any such collateral, as shall be necessary to cause such Benefited Lender to share the excess
payment or benefits of such collateral ratably with each of the Lenders; provided, however, that if
all or any portion of such excess payment or benefits is thereafter recovered from such Benefited
Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the
extent of such recovery, but without interest.

          (b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall
have the right, without prior notice to the Borrower or the Guarantors, any such notice being
expressly waived by the Borrower and the Guarantors to the extent permitted by applicable law, upon
any Obligations becoming due and payable by the Borrower or the Guarantors hereunder (whether at
the stated maturity, by acceleration or otherwise), to set off and appropriate and apply against
such Obligations any and all deposits (general or special, time or demand, provisional or final but
not any trust or fiduciary account), in any currency, and any other credits, indebtedness or
claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured
or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for
the credit or the account of the Borrower

76 

 

or the Guarantors, as the case may be. Each Lender
agrees promptly to notify the Borrower and the Administrative Agent after any such setoff and
application made by such Lender, provided that the failure to give such notice shall not
affect the validity of such setoff and application.

          10.8. Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any
number of separate counterparts, and all of said counterparts taken together shall be deemed to
constitute one and the same instrument. Delivery of an executed signature page of this Agreement
by email or facsimile transmission shall be effective as delivery of a manually executed
counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be
lodged with the Borrower and the Administrative Agent.

          10.9. Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction.

          10.10. Integration. This Agreement and the other Loan Documents represent the entire agreement of the Loan
Parties, the Administrative Agent, the Collateral Agent and the Lenders with respect to the subject
matter hereof and thereof, and there are no promises, undertakings, representations or warranties
by the Administrative Agent, the Collateral Agent, or any Lender relative to the subject matter
hereof not expressly set forth or referred to herein or in the other Loan Documents.

          10.11. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE
GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

          10.12. Submission To Jurisdiction; Waivers. Each Loan Party hereby irrevocably and unconditionally:

     (a) submits for itself and its property in any legal action or proceeding
relating to this Agreement and the other Loan Documents to which it is a party, or
for recognition and enforcement of any judgment in respect thereof, to the
non-exclusive general jurisdiction of (i) any State or Federal court of competent
jurisdiction sitting in New York County, New York; and (ii) appellate courts from
any thereof;

     (b) consents that any such action or proceeding may be brought in such courts
and waives any objection that it may now or hereafter have to the venue of any such
action or proceeding in any such court or that such action or proceeding was brought
in an inconvenient court and agrees not to plead or claim the same;

     (c) agrees that service of process in any such action or proceeding may be
effected by mailing a copy thereof by registered or certified mail (or any
substantially similar form of mail), postage prepaid, to such Loan Party at its
address set forth in Section 10.2 or at such other address of which the
Administrative Agent shall have been notified pursuant thereto;

     (d) agrees that nothing herein shall affect the right to effect service of
process in any other manner permitted by law or shall limit the right to sue in any
other jurisdiction; and

77 

 

     (e) waives, to the maximum extent not prohibited by law, any right it may have
to claim or recover in any legal action or proceeding referred to in this Section
any special, exemplary, punitive or consequential damages.

          10.13. Acknowledgements. Each Loan Party hereby acknowledges that:

     (a) it has been advised by counsel in the negotiation, execution and delivery
of this Agreement and the other Loan Documents;

     (b) none of the Administrative Agent, the Collateral Agent nor any Lender has
any fiduciary relationship with or duty to any Loan Party arising out of or in
connection with this Agreement or any of the other Loan Documents, and the
relationship between Administrative Agent, the Collateral Agent and Lenders, on one
hand, and the Loan Parties, on the other hand, in connection herewith or therewith
is solely that of debtor and creditor; and

     (c) no joint venture is created hereby or by the other Loan Documents or
otherwise exists by virtue of the transactions contemplated hereby among the Lenders
or among the Loan Parties and the Lenders.

          10.14. Releases of Guarantees and Liens. (a)Notwithstanding anything to the contrary contained herein or in any other Loan Document,
each of the Administrative Agent and the Collateral Agent is hereby irrevocably authorized by each
Lender (without requirement of notice to or consent of any Lender except as expressly required by
Section 10.1) to take any action requested by the Borrower having the effect of releasing, or
subordinating any Lien on, any Collateral or guarantee obligations (i) to the extent necessary to
permit consummation of any transaction not prohibited by any Loan Document or that has been
consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph
(b) below.

          (b) At such time as the Loans and the other obligations under the Loan Documents (other than
obligations under or in respect of Specified Letters of Credit and Specified Swap Agreements and
any contingent indemnification obligations) shall have been paid in full, the Collateral shall be
released from the Liens created by the Loan Documents, and all obligations related thereto (other
than those expressly stated to survive such termination) of the Administrative Agent, the
Collateral Agent and each Loan Party shall terminate, all without delivery of any instrument or
performance of any act by any Person.

          10.15. Confidentiality. Each of the Administrative Agent and each Lender agrees to keep confidential all non-public
information provided to it by any Loan Party, the Administrative Agent or any Lender pursuant to or
in connection with this Agreement that is designated by the provider thereof as confidential;
provided that nothing herein shall prevent the Administrative Agent or any Lender from disclosing
any such information (a) to the Administrative Agent, any other Lender or any affiliate thereof,
(b) subject to an agreement to comply with the provisions of this Section, to any actual or
prospective Transferee or any direct or indirect counterparty to any Swap Agreement (or any
professional advisors to such counterparty), (c) to its employees, officers, directors, agents,
attorneys, accountants and other professional advisors or those of any of its affiliates, provided
that such Persons have been advised of the confidentiality provisions hereof and are subject
thereto, (d) upon the request or demand of any Governmental Authority, (e) in response to any order
of any court or other Governmental Authority or as may otherwise be required pursuant to any
Requirement of Law, (f) if requested or required to do so in connection with any litigation or
similar proceeding, (g) that has been publicly disclosed, (h) to the National Association of
Insurance Commissioners or any similar organization or any nationally

78 

 

recognized rating agency that
requires access to information about a Lender’s investment portfolio in connection with ratings
issued with respect to such Lender, or (i) in connection with the exercise of any remedy hereunder
or under any other Loan Document.

          Each Lender acknowledges that information furnished to it pursuant to this Agreement or the
other Loan Documents may include material non-public information concerning the Borrower and its
Affiliates and their related parties or their respective securities, and confirms that it has
developed compliance procedures regarding the use of material non-public information and that it
will handle such material non-public information in accordance with those procedures and applicable
law, including Federal and state securities laws.

          All information, including requests for waivers and amendments, furnished by the Borrower or
the Administrative Agent pursuant to, or in the course of administering, this Agreement or the
other Loan Documents will be syndicate-level information, which may contain material non-public
information about the Borrower and its Affiliates and their related parties or their respective
securities. Accordingly, each Lender represents to the Borrower and the Administrative Agent that
it has identified in its administrative questionnaire a credit contact who may receive information
that may contain material
non-public information in accordance with its compliance procedures and applicable law,
including Federal and state securities laws.

          10.16. WAIVERS OF JURY TRIAL. THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR
ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

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

          10.18. Effectiveness. This Agreement shall become effective upon the execution and
delivery of this Agreement by the Borrower, the Administrative Agent and each Person listed on
Schedule 1.1A, provided that the provisions of Sections 6, 7 and 8 shall not apply, and shall be of
no force and effect, prior to the occurrence of the Closing Date.

[Remainder of page intentionally left blank]

79 

 

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

	 	 	 	 	 
	 	LEAR CORPORATION

 	 
	 	By:  	/s/ Matthew J. Simoncini	 
	 	 	Name:  	Matthew J. Simoncini	 
	 	 	Title:  	Sr. VP, and Chief Financial Officer	 

80 

 

	 	 	 	 	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and Collateral Agent and as a

Lender

 	 
	 	By:  	/s/ Richard W. Duker	 
	 	 	Name:  	RICHARD W. DUKER	 
	 	 	Title:  	MANAGING DIRECTOR	 

81 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BARCLAYS BANK PLC, as Documentation Agent and as a

Lender

 	 
	 	By:  	/s/ R.S.	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

82 

 

	 	 	 	 	 

	 	 	 	 	 
	 	Citigroup Global Markets Inc., as a Lender

 	 
	 	By:  	/s/ Shapleigh B. Smith	 
	 	 	Name:  	SHAPLEIGH B. SMITH	 
	 	 	Title:  	Managing Director	 

83 

 

	 	 	 	 	 

	 	 	 	 	 
	 	UBS Loan Finance LLC, as a Lender

 	 
	 	By:  	/s/ Irja R. Otsa	 
	 	 	Name:  	Irja R. Otsa	 
	 	 	Title:  	Associate Director	 
	 
	 	 	 
	 	By:  	/s/ Marie Haddad	 
	 	 	Name:  	Marie Haddad	 
	 	 	Title:  	Associate Director	 
	 

84 

 

Annex III

Conditions Precedent to Permitted Acquisitions

     (1) The Administrative Agent shall receive not less than ten Business Days’ prior written
notice of such Acquisition, which notice shall include a reasonably detailed description of the
proposed terms of such Acquisition and identify the anticipated closing date thereof;

     (2) concurrently with such Acquisition, the Borrower shall comply, and shall cause the Target
to the extent applicable to comply, with the provisions of Section 6.9 of the Credit Agreement;

     (3) after giving effect to such Acquisition and the incurrence of any Indebtedness in
connection therewith, (a) no Default or Event of Default shall exist, and (b) the Borrower shall be
in compliance on a pro forma basis with the covenants set forth in Section 7.1 recomputed for the
most recently ended fiscal quarter of the Borrower for which information is available regarding the
business being acquired;

     (4) all material consents necessary for such Acquisition have been acquired and such
Acquisition shall have been approved by the applicable Target’s board of directors or similar
governing body;

     (5) the applicable Target shall be engaged in substantially the same type of business as the
Borrower and its Subsidiaries or a reasonable extension thereof;

     (6) the aggregate consideration (including all (i) cash and other property (other than common
stock of the Borrower), (ii) Earn-Outs, (iii) Seller Debt and (iv) any other Indebtedness that is
assumed or acquired by the Borrower of any of its Subsidiaries in connection with the Acquisition)
paid in connection with all Acquisitions shall not exceed $400,000,000.

85

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