Document:

exv4w1

Table of Contents

Exhibit 4.1

 

$325,000,000

CREDIT AGREEMENT

among

NCI BUILDING SYSTEMS, INC.,

as Borrower,

ITS DOMESTIC SUBSIDIARIES

FROM TIME TO TIME PARTIES HERETO,

as Guarantors,

THE LENDERS PARTIES HERETO,

BANK OF AMERICA, N.A.,

as Syndication Agent

and

WACHOVIA BANK, NATIONAL ASSOCIATION,

as Administrative Agent

Dated as of June 18, 2004

WACHOVIA CAPITAL MARKETS, LLC

and

BANC OF AMERICA SECURITIES LLC,

as Joint Lead Arrangers and Joint Book Runners

 

 

Table of Contents

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page

	(a) DEFINITIONS
	 	 	1	 
	     1. Defined Terms
	 	 	1	 
	     2. Other Definitional Provisions
	 	 	25	 
	     3. Accounting Terms
	 	 	25	 
	     4. Time References
	 	 	26	 
	(b) THE LOANS; AMOUNT AND TERMS
	 	 	26	 
	     5. Revolving Loans
	 	 	26	 
	     6. Tranche B Term Loan
	 	 	28	 
	     7. Letter of Credit Subfacility
	 	 	30	 
	     8. Swingline Loan Subfacility
	 	 	33	 
	     9. Incremental Facility
	 	 	35	 
	     10. Fees
	 	 	36	 
	     11. Commitment Reductions
	 	 	37	 
	     12. Prepayments
	 	 	37	 
	     13. Default Rate and Payment Dates
	 	 	40	 
	     14. Conversion Options
	 	 	40	 
	     15. Computation of Interest and Fees
	 	 	41	 
	     16. Pro Rata Treatment and Payments
	 	 	42	 
	     17. Non-Receipt of Funds by the Administrative Agent
	 	 	44	 
	     18. Inability to Determine Interest Rate
	 	 	45	 
	     19. Illegality
	 	 	45	 
	     20. Requirements of Law
	 	 	46	 
	     21. Indemnity
	 	 	47	 
	     22. Taxes
	 	 	47	 
	     23. Indemnification; Nature of Issuing Lender’s Duties
	 	 	49	 

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	(c) REPRESENTATIONS AND WARRANTIES
	 	 	51	 
	     24. Financial Condition
	 	 	51	 
	     25. No Change
	 	 	52	 
	     26. Corporate Existence
	 	 	52	 
	     27. Corporate Power; Authorization; Enforceable Obligations
	 	 	52	 
	     28. Compliance with Laws; No Conflict; No Default
	 	 	52	 
	     29. No Material Litigation
	 	 	53	 
	     30. Investment Company Act; PUHCA
	 	 	53	 
	     31. Margin Regulations
	 	 	54	 
	     32. ERISA
	 	 	54	 
	     33. Environmental Matters
	 	 	54	 
	     34. Use of Proceeds
	 	 	54	 
	     35. Subsidiaries
	 	 	55	 
	     36. Ownership
	 	 	55	 
	     37. Indebtedness
	 	 	55	 
	     38. Taxes
	 	 	55	 
	     39. Intellectual Property Rights
	 	 	55	 
	     40. Solvency
	 	 	56	 
	     41. Investments
	 	 	56	 
	     42. Location of Collateral
	 	 	56	 
	     43. No Burdensome Restrictions
	 	 	57	 
	     44. Brokers’ Fees
	 	 	57	 
	     45. Labor Matters
	 	 	57	 
	     46. Accuracy and Completeness of Information
	 	 	57	 
	     47. Material Contracts
	 	 	57	 
	     48. Insurance
	 	 	58	 

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	     49. Security Documents
	 	 	58	 
	     50. Classification of Senior Indebtedness
	 	 	58	 
	     51. Foreign Assets Control Regulations, Etc.
	 	 	58	 
	(d) CONDITIONS PRECEDENT
	 	 	58	 
	     52. Conditions to Closing Date
	 	 	58	 
	     53. Conditions to All Extensions of Credit
	 	 	63	 
	     54. Conditions to Funding of Tranche B Term Loan
	 	 	63	 
	(e) AFFIRMATIVE COVENANTS
	 	 	64	 
	     55. Financial Statements
	 	 	65	 
	     56. Certificates; Other Information
	 	 	65	 
	     57. Payment of Taxes and Other Obligations
	 	 	67	 
	     58. Conduct of Business and Maintenance of Existence
	 	 	67	 
	     59. Maintenance of Property; Insurance
	 	 	67	 
	     60. Inspection of Property; Books and Records; Discussions
	 	 	68	 
	     61. Notices
	 	 	68	 
	     62. Environmental Laws
	 	 	69	 
	     63. Financial Covenants
	 	 	70	 
	     64. Additional Guarantors
	 	 	71	 
	     65. Compliance with Law
	 	 	71	 
	     66. Pledged Assets
	 	 	71	 
	     67. Covenants Regarding Patents, Trademarks and Copyrights
	 	 	72	 
	     68. Further Assurances
	 	 	73	 
	     (f) NEGATIVE COVENANTS
	 	 	74	 
	     69. Indebtedness
	 	 	74	 
	     70. Liens
	 	 	75	 
	     71. Guaranty Obligations
	 	 	75	 

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	     72. Nature of Business
	 	 	75	 
	     73. Consolidation, Merger, Sale or Purchase of Assets, etc
	 	 	75	 
	     74. Advances, Investments and Loans
	 	 	77	 
	     75. Transactions with Affiliates
	 	 	77	 
	     76. Ownership of Subsidiaries; Restrictions
	 	 	77	 
	     77. Fiscal Year; Organizational Documents; Subordinated Debt Documents
	 	 	77	 
	     78. Limitation on Restricted Actions
	 	 	77	 
	     79. Restricted Payments
	 	 	78	 
	     80. No Further Negative Pledges
	 	 	78	 
	(g) EVENTS OF DEFAULT
	 	 	79	 
	     81. Events of Default
	 	 	79	 
	     82. Acceleration; Remedies
	 	 	81	 
	(h) THE ADMINISTRATIVE AGENT
	 	 	82	 
	     83. Appointment
	 	 	82	 
	     84. Delegation of Duties
	 	 	82	 
	     85. Exculpatory Provisions
	 	 	82	 
	     86. Reliance by Administrative Agent
	 	 	83	 
	     87. Notice of Default
	 	 	83	 
	     88. Non-Reliance on Administrative Agent and Other Lenders
	 	 	83	 
	     89. Indemnification
	 	 	84	 
	     90. The Administrative Agent in Its Individual Capacity
	 	 	84	 
	     91. Successor Administrative Agent
	 	 	85	 
	     92. Other Agents
	 	 	85	 
	(i) MISCELLANEOUS
	 	 	86	 
	     93. Amendments, Waivers and Release of Collateral
	 	 	86	 
	     94. Notices
	 	 	88	 

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	     95. No Waiver; Cumulative Remedies
	 	 	89	 
	     96. Survival of Representations and Warranties
	 	 	89	 
	     97. Payment of Expenses and Taxes
	 	 	89	 
	     98. Successors and Assigns; Participations; Purchasing Lenders
	 	 	90	 
	     99. Adjustments; Set-off
	 	 	93	 
	     100. Table of Contents and Section Headings
	 	 	94	 
	     101. Counterparts
	 	 	94	 
	     102. Integration; Effectiveness; Continuing Agreement
	 	 	94	 
	     103. Severability
	 	 	95	 
	     104. Governing Law
	 	 	95	 
	     105. Consent to Jurisdiction and Service of Process
	 	 	95	 
	     106. Arbitration
	 	 	96	 
	     107. Confidentiality
	 	 	97	 
	     108. Acknowledgments
	 	 	97	 
	     109. Waivers of Jury Trial; Waiver of Consequential Damages
	 	 	98	 
	     110. Patriot Act Notice
	 	 	98	 
	(j) GUARANTY
	 	 	98	 
	     111. The Guaranty
	 	 	98	 
	     112. Bankruptcy
	 	 	99	 
	     113. Nature of Liability
	 	 	99	 
	     114. Independent Obligation
	 	 	100	 
	     115. Authorization
	 	 	100	 
	     116. Reliance
	 	 	100	 
	     117. Waiver
	 	 	100	 
	     118. Limitation on Enforcement
	 	 	101	 
	     119. Confirmation of Payment
	 	 	102	 

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	Schedules
	 	 
	Schedule 1.1(a)
	 	Account Designation Letter
	Schedule 1.1(b)
	 	Existing Letters of Credit
	Schedule 1.1(c)
	 	Investments
	Schedule 1.1(d)
	 	Liens
	Schedule 2.1(a)
	 	Schedule of Lenders and Commitments
	Schedule 2.1(b)(i)
	 	Form of Notice of Borrowing
	Schedule 2.1(e)
	 	Form of Revolving Note
	Schedule 2.2(d)
	 	Form of Tranche B Term Note
	Schedule 2.4(d)
	 	Form of Swingline Note
	Schedule 2.10
	 	Form of Notice of Conversion/Extension
	Schedule 2.18
	 	Tax Exempt Certificate
	Schedule 3.3
	 	Jurisdictions of Organization and Qualification
	Schedule 3.12
	 	Subsidiaries
	Schedule 3.16
	 	Intellectual Property
	Schedule 3.19(a)
	 	Location of Real Property
	Schedule 3.19(b)
	 	Location of Collateral
	Schedule 3.19(c)
	 	Chief Executive Offices
	Schedule 3.22
	 	Labor Matters
	Schedule 3.24
	 	Material Contracts
	Schedule 3.25
	 	Insurance
	Schedule 4.1(b)
	 	Form of Secretary’s Certificate
	Schedule 4.1(i)
	 	Form of Solvency Certificate
	Schedule 5.2(b)
	 	Form of Officer’s Compliance Certificate
	Schedule 5.10
	 	Form of Joinder Agreement
	Schedule 6.1(b)
	 	Indebtedness
	Schedule 9.2
	 	Lenders’ Lending Offices
	Schedule 9.6(c)
	 	Form of Commitment Transfer Supplement

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     CREDIT AGREEMENT, dated as of June 18, 2004, among NCI BUILDING SYSTEMS,
INC., a Delaware corporation (the “Borrower”), each of those Domestic
Subsidiaries of the Borrower identified as a “Guarantor” on the signature pages
hereto and such other Domestic Subsidiaries of the Borrower as may from time to
time become a party hereto (collectively the “Guarantors” and individually a
“Guarantor”), the several banks and other financial institutions from time to
time parties to this Credit Agreement (collectively the “Lenders” and
individually a “Lender”), BANK OF AMERICA, N.A., as syndication agent (the
“Syndication Agent”), and WACHOVIA BANK, NATIONAL ASSOCIATION, a national
banking association, as administrative agent for the Lenders hereunder (in such
capacity, the “Administrative Agent” or the “Agent”).

W I T N E S S E T H:

     WHEREAS, the Borrower has requested that the Lenders make loans and other
financial accommodations to the Borrower in an aggregate amount of up to
$325,000,000, as more particularly described herein; and

     WHEREAS, the Lenders have agreed to make such loans and other financial
accommodations to the Borrower on the terms and conditions contained herein.

     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by the parties hereto, such
parties hereby agree as follows:

     (a)

DEFINITIONS

     1. Defined Terms.

     As used in this Credit Agreement, terms defined in the preamble to this
Credit Agreement have the meanings therein indicated, and the following terms
have the following meanings:

     “ABR Default Rate” shall have the meaning set forth in Section 2.9.

     “Account Designation Letter” shall mean the Notice of Account Designation
Letter dated the Closing Date from the Borrower to the Administrative Agent in
substantially the form attached hereto as Schedule 1.1(a).

     “Additional Credit Party” shall mean each Person that becomes a Guarantor
by execution of a Joinder Agreement in accordance with Section 5.10.

     “Additional Loan” shall have the meaning set forth in Section 2.5.

     “Administrative Agent” shall have the meaning set forth in the first
paragraph of this Credit Agreement and any successors in such capacity.

 

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     “Affiliate” shall mean as to any Person, any other Person (excluding any
Subsidiary) which, directly or indirectly, is in control of, is controlled by,
or is under common control with, such Person otherwise.

     “Agents” shall mean the Administrative Agent and the Syndication Agent,
collectively, and “Agent” shall mean either the Administrative Agent or the
Syndication Agent, individually.

     “Agreement” or “Credit Agreement” shall mean this Credit Agreement, as
amended, modified or supplemented from time to time in accordance with its
terms.

     “Alternate Base Rate” shall mean, for any day, a rate per annum equal to
the greater of (a) the Prime Rate in effect on such day and (b) the Federal
Funds Effective Rate in effect on such day plus 1/2 of 1% change.

     “Alternate Base Rate Loans” shall mean Loans that bear interest at an
interest rate based on the Alternate Base Rate.

     “Applicable Percentage” shall mean, for any day, the rate per annum set
forth below opposite the applicable level then in effect, it being understood
that the Applicable Percentage for (a) Revolving Loans that are LIBOR Rate
Loans shall be the percentage set forth under the column “LIBOR Rate Margin for
Revolving Loans and Letter of Credit Fee”, (b) the Letter of Credit Fee shall
be the percentage set forth under the column “LIBOR Rate Margin for Revolving
Loans and Letter of Credit Fee”, (c) Revolving Loans that are Alternate Base
Rate Loans shall be the percentage set forth under the column “Alternate Base
Rate Margin for Revolving Loans”, (d) Tranche B Term Loans that are LIBOR Rate
Loans shall be the percentage set forth under the column “LIBOR Rate Margin for
Tranche B Term Loans”, (e) Tranche B Term Loans that are Alternate Base Rate
Loans shall be the percentage set forth under the column “Alternate Base Rate
Margin for Tranche B Term Loans”, and (f) the Commitment Fee shall be the
percentage set forth under the column “Commitment Fee”:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	LIBOR Rate Margin	 	 	 	 	 	 	 	 
	 	 	 	 	for Revolving Loans	 	Alternate Base Rate	 	LIBOR Rate Margin	 	Alternate Base Rate	 	 
	 	 	Leverage	 	and Letter of	 	Margin for	 	for Tranche B Term	 	Margin for Tranche	 	 
	Level
	 	Ratio
	 	Credit Fee
	 	Revolving Loans
	 	Loans
	 	B Term Loans
	 	Commitment
Fee

	I

	 	< 2.00 to 1.0
	 	 	1.25	%	 	 	0.25	%	 	 	2.00	%	 	 	1.00	%	 	 	0.25	%
	II

	 	≥ 2.00 to 1.0
but < 2.50 to 1.0
	 	 	1.50	%	 	 	0.50	%	 	 	2.00	%	 	 	1.00	%	 	 	0.375	%
	III

	 	≥ 2.50 to 1.0
but < 3.00 to 1.0
	 	 	1.75	%	 	 	0.75	%	 	 	2.00	%	 	 	1.00	%	 	 	0.375	%
	IV

	 	≥ 3.00 to 1.0
but < 3.50 to 1.0
	 	 	2.00	%	 	 	1.00	%	 	 	2.00	%	 	 	1.00	%	 	 	0.50	%
	V

	 	≥ 3.50 to 1.0
	 	 	2.25	%	 	 	1.25	%	 	 	2.00	%	 	 	1.00	%	 	 	0.50	%

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The Applicable Percentage shall, in each case, be determined and adjusted
quarterly on the first Business Day after the date on which the Administrative
Agent has received from the Borrower the Compliance Certificate required to be
delivered to the Administrative Agent in accordance with the provisions of
Section 5.2(b) (each an “Interest Determination Date”) Ratio.

     “Approved Fund” shall mean, with respect to any Lender, any Fund that is
administered or managed by a Lender, an Affiliate of a Lender or an entity or
an Affiliate of an entity that administers or manages a Lender.

     “Arrangers” shall mean Wachovia Capital Markets, LLC and Banc of America
Securities LLC, together with their successors and assigns.

     “Asset Disposition” shall mean the disposition of any or all of the assets
(including, without limitation, the Capital Stock of a Subsidiary or any
ownership interest in a joint venture) of the Borrower or any Subsidiary
whether by sale, lease, transfer or otherwiseiv).

     “Attributable Indebtedness” shall mean, on any date, (a) in respect of any
Capital Lease of any Person, the capitalized amount thereof that would appear
on a balance sheet of such Person prepared as of such date in accordance with
GAAP, and (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.

     “Bank of America” shall mean Bank of America, N.A.

     “Bankruptcy Code” shall mean the Bankruptcy Code in Title 11 of the United
States Code, as amended, modified, succeeded or replaced from time to time.

     “Bankruptcy Event” shall mean any of the events described in Section
7.1(e).

     “Borrower” shall have the meaning set forth in the first paragraph of this
Credit Agreement.

     “Borrowing Date” shall mean, in respect of any Loan, the date such Loan is
made.

     “Business Day” shall mean a day other than a Saturday, Sunday or other day
on which commercial banks in Charlotte, North Carolina or New York, New York
are authorized or required by law to close; provided, however, that when used
in connection with a rate determination, borrowing or payment in respect of a
LIBOR Rate Loan, the term “Business Day” shall also exclude any day on which
banks in London, England are not open for dealings in Dollar deposits in the
London interbank market.

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

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     “Capital Lease Obligations” shall mean the capitalized lease obligations
relating to a Capital Lease determined in accordance with GAAP.

     “Capital Stock” shall mean (i) in the case of a corporation, capital stock
(whether voting or nonvoting and whether common or preferred), (ii) in the case
of an association or business entity, any and all shares, interests,
participations, rights or other equivalents (however designated) of capital
stock, (iii) in the case of a partnership, any partnership interests (whether
general or limited) of such partnership, (iv) in the case of a limited
liability company, any membership interests of such company and (v) any other
interest or participation that confers on a Person the right to receive a share
of the profits and losses of, or distributions of assets of, the issuing
Person.

     “Cash Equivalents” shall mean (i) securities issued or directly and fully
guaranteed or insured by the United States of America or any agency or
instrumentality thereof (provided that the full faith and credit of the United
States of America is pledged in support thereof) having maturities of not more
than twelve months from the date of acquisition (“Government Obligations”),
(ii) U.S. dollar denominated (or foreign currency fully hedged to U.S. dollar)
time deposits, certificates of deposit, Eurodollar time deposits and Eurodollar
certificates of deposit of (y) any domestic commercial bank of recognized
standing having capital and surplus in excess of $250,000,000 or (z) any bank
whose short-term commercial paper rating from S&P is at least A-1 or the
equivalent thereof or from Moody’s is at least P-1 or the equivalent thereof
(any such bank being an “Approved Bank”), in each case with maturities of not
more than 364 days from the date of acquisition, (iii) commercial paper and
variable or fixed rate notes issued by any Approved Bank (or by the parent
company thereof) or any variable rate notes issued by, or guaranteed by any
domestic corporation rated A-1 (or the equivalent thereof) or better by S&P or
P-1 (or the equivalent thereof) or better by Moody’s and maturing within six
months of the date of acquisition, (iv) repurchase agreements with a bank or
trust company (including a Lender) or a recognized securities dealer having
capital and surplus in excess of $250,000,000 for direct obligations issued by
or fully guaranteed by the United States of America, (v) obligations of any
State of the United States or any political subdivision thereof for the payment
of the principal and redemption price of and interest on which there shall have
been irrevocably deposited Government Obligations maturing as to principal and
interest at times and in amounts sufficient to provide such payment, (vi)
auction preferred stock rated in the highest short-term credit rating category
by S&P or Moody’s, (vii) readily marketable tax-free municipal bonds of a
domestic issuer rated Aaa by Moody’s, or AAA by S&P, and maturing within one
year from the date of issuance (and investments in mutual funds investing
primarily in those bonds) and (viii) demand deposit accounts maintained in the
ordinary course of business.

     “Change of Control” shall mean the occurrence of any of the following
events: (a) any Person or two or more Persons acting in concert shall have
acquired beneficial ownership, directly or indirectly, or shall have acquired
by contract or otherwise, or shall have entered into a contract or arrangement
that, upon consummation, will result in its or their acquisition of control
over, Voting Stock (or other securities convertible into such Voting Stock) or
economic interests of the Borrower representing 20% or more of the combined
voting power of the Voting Stock of the Borrower, or (b) Continuing Directors
shall cease for any reason to constitute a majority of the members of the board
of directors of the Borrower then in office 1934.

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     “Closing Date” shall mean the date of this Credit Agreement.

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

     “Collateral” shall mean a collective reference to the collateral which is
identified in, and at any time will be covered by, the Security Documents and
any other collateral that may from time to time secure the Credit Party
Obligations.

     “Commitment” shall mean the Revolving Commitment, the LOC Commitment, the
Tranche B Term Loan Commitment and the Swingline Commitment, individually or
collectively, as appropriate.

     “Commitment Fee” shall have the meaning set forth in Section 2.6(a).

     “Commitment Percentage” shall mean the Revolving Commitment Percentage
and/or the Tranche B Term Loan Commitment Percentage, as appropriate.

     “Commitment Period” shall mean (a) with respect to Revolving Loans, the
period from and including the Closing Date to but excluding the Revolving
Commitment Termination Date and (b) with respect to Letters of Credit, the
period from and including the Closing Date to but excluding the date that is 30
days prior to the Revolving Commitment Termination Date.

     “Commitment Transfer Supplement” shall mean a Commitment Transfer
Supplement, in substantially the form of Schedule 9.6(c).

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

     “Compliance Certificate” shall have the meaning set forth in Section
5.2(b)

     “Consolidated” means, when used with reference to financial statements or
financial statement items of the Borrower and its Subsidiaries or any other
Person, such statements or items on a consolidated basis in accordance with the
consolidation principles of GAAP.

     “Consolidated Capital Expenditures” shall mean, for any period, the sum of
the aggregate of any expenditures by the Borrower or any Subsidiary during such
period for an asset which will be used in a year or years subsequent to the
year in which the expenditure is made and which asset is properly classifiable
in relevant financial statements of such Person as property, equipment or
improvements, fixed assets, or a similar type of capital asset in accordance
with GAAP, excluding, however, without duplication, (a) any such asset acquired
in a Permitted Acquisition, (b) any such expenditure, or portion thereof, to
the extent funded (i) with the cash proceeds of any Disposition made pursuant
to Section 6.5 or (ii) with the cash proceeds of a Recovery Event, and (c) with
respect to any such expenditure by Building Systems de Mexico,

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S.A. de C.V., (i) the portion thereof, if any, funded with the proceeds of a
concurrent loan or capital contribution by any shareholder of Building Systems
de Mexico, S.A. de C.V. other than Borrower or any Subsidiary of Borrower and
(ii) forty-nine percent (49%) of any such expenditure, or portion thereof, that
is funded by Building Systems de Mexico, S.A. de C.V. other than from the
proceeds of concurrent loans or capital contributions from its shareholders;
provided that the foregoing clause (c) shall be ineffective on and after the
date any Credit Party, individually or in the aggregate, owns more than 51% of
the Capital Stock of Building Systems de Mexico, S.A. de C.V.

     “Consolidated EBITDA” shall mean, for any period, for the Borrower and its
Subsidiaries, on a consolidated basis, an amount equal to the sum of (a)
Consolidated Net Income for such period, plus (b) without duplication and to
the extent deducted in determining Consolidated Net Income for any period, (i)
Consolidated Interest Expense for such period, plus (ii) federal, state, local
and foreign income taxes for such period, plus (iii) depreciation and
amortization expenses for such period, plus (iv) non-cash contributions during
such period to 401(k) and other employee benefit plans, plus (v) non-cash
restructuring charges during such period plus (vi) the transaction costs and
expenses incurred in connection with this Credit Agreement plus (vii) the
premium paid with respect to the prepayment of the Senior Subordinated Notes in
an amount not to exceed $5,800,000, plus (viii) the non-cash write-off of the
remaining deferred financing costs related to the Existing Credit Agreement and
the Senior Subordinated Notes in an amount not to exceed $4,100,000; provided,
however, in no event shall the (y) non-cash contributions referred to in
subsection (b)(iv) above exceed $7,500,000 in aggregate amount during any four
consecutive fiscal quarter period and (z) non-cash charges referred to in
subsection (b)(v) above exceed $5,000,000 in an aggregate amount during any
four consecutive fiscal quarter periodcomputation.

     “Consolidated Funded Debt” shall mean, on any date of calculation, Funded
Debt of the Borrower and its Subsidiaries on a Consolidated basis.

     “Consolidated Interest Expense” shall mean, for any period, for the
Borrower and its Subsidiaries, on a consolidated basis, total interest expense,
whether paid or accrued (including the interest component of Capital Leases),
including, without limitation, all commitment fees, commissions, discounts and
other fees and charges owed with respect to letters of credit and net costs
under interest rate contracts and foreign exchange contracts, but excluding,
however, amortization of debt issuance costs, all as determined in conformity
with GAAPcomputation.

     “Consolidated Net Income” shall mean, for any period, the net income
(excluding extraordinary losses and gains and excluding all non-recurring
non-cash income and non-cash expense, in each case net of taxes as demonstrated
by the Borrower to the Administrative Agent in reasonable detail) of the
Borrower and its Subsidiaries on a Consolidated basis for such
periodcomputation.

     “Continuing Directors” shall mean the directors of the Borrower on the
Closing Date and each other director, if in each case such other director’s
nomination for election to the Board of Directors of the Borrower is
recommended by a majority of the then Continuing Directors.

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

     “Copyright Licenses” shall mean any agreement, whether written or oral,
providing for the grant by or to a Person of any right under any Copyright,
including, without limitation, any thereof referred to in Schedule 3.16 to this
Credit Agreement.

     “Copyrights” shall mean all copyrights of the Credit Parties and their
Subsidiaries in all works, now existing or hereafter created or acquired, all
registrations and recordings thereof, and all applications in connection
therewith, whether in the United States Copyright Office or in any similar
office or agency of the United States, any state thereof or any other country
or any political subdivision thereof, or otherwise, including, without
limitation, any thereof referred to in Schedule 3.16 and all renewals thereof.

     “Credit Documents” shall mean this Credit Agreement, each of the Notes,
any Joinder Agreement, the Letters of Credit, LOC Documents and the Security
Documents.

     “Credit Party” shall mean any of the Borrower and the Guarantors.

     “Credit Party Obligations” shall mean, without duplication, (i) all of the
obligations, indebtedness and liabilities of the Credit Parties to the Lenders
(including the Issuing Lender) and the Administrative Agent, whenever arising,
under this Credit Agreement, the Notes or any of the other Credit Documents,
including principal, interest, fees, reimbursements and indemnification
obligations and other amounts (including, but not limited to, any interest
accruing after the occurrence of a filing of a petition of bankruptcy under the
Bankruptcy Code with respect to any Credit Party, regardless of whether such
interest is an allowed claim under the Bankruptcy Code) and (ii) solely for
purposes of the Security Documents and the Guaranty, all liabilities and
obligations, whenever arising, owing from any Credit Party or any of their
Subsidiaries to any Hedging Agreement Provider arising under any Secured
Hedging Agreement permitted pursuant to Section 6.1(d).

     “Debt Issuance” shall mean the issuance of any Indebtedness for borrowed
money by the Credit Parties or any of their Subsidiaries (excluding (i) any
Equity Issuance, (ii) any Indebtedness the proceeds of which are used as
consideration for a Permitted Acquisition and (iii) any Indebtedness of the
Credit Parties and their Subsidiaries permitted to be incurred pursuant to
Section 6.1(a)-(e), 6.1(g) and 6.1(h) hereof).

     “Default” shall mean any of the events specified in Section 7.1, whether
or not any requirement for the giving of notice or the lapse of time, or both,
or any other condition, has been satisfied.

     “Defaulting Lender” shall mean, at any time, any Lender that, at such time
(a) has failed to make a Loan required pursuant to the terms of this Credit
Agreement, including the funding of a Participation Interest in accordance with
the terms hereof and such default remains uncured, (b) has failed to pay to the
Administrative Agent or any Lender an amount owed by such Lender

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pursuant to the terms of this Credit Agreement and such default remains
uncured, or (c) has been deemed insolvent or has become subject to a bankruptcy
or insolvency proceeding or to a receiver, trustee or similar official.

     “Dollars” and “$” shall mean dollars in lawful currency of the United
States of America.

     “Domestic Lending Office” shall mean, initially, the office of each Lender
designated as such Lender’s Domestic Lending Office shown on Schedule 9.2; and
thereafter, such other office of such Lender (within the United States) as such
Lender may from time to time specify to the Administrative Agent and the
Borrower as the office of such Lender at which Alternate Base Rate Loans of
such Lender are to be made.

     “Domestic Subsidiary” shall mean any Subsidiary that is organized and
existing under the laws of the United States or any state or commonwealth
thereof or under the laws of the District of Columbia.

     “Environmental Laws” means any and all Federal, state, local, and foreign
statutes, laws, regulations, ordinances, rules, judgments, orders, decrees,
permits, concessions, grants, franchises, licenses, agreements or governmental
restrictions of, by or with any Governmental Authority relating to pollution
and the protection of the environment or the release of any materials into the
environment, including those related to hazardous substances or wastes, air
emissions and discharges to waste or public systems.

     “Equity Issuance” shall mean any issuance by any Credit Party or any
Subsidiary to any Person which is not a Credit Party of (a) shares of its
Capital Stock, (b) any shares of its Capital Stock pursuant to the exercise of
options or warrants or (c) any shares of its Capital Stock pursuant to the
conversion of any debt securities to .

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

     “Eurodollar Reserve Percentage” shall mean for any day, the percentage
(expressed as a decimal and rounded upwards, if necessary, to the next higher
1/100th of 1%) which is in effect for such day as prescribed by the Federal
Reserve Board (or any successor) for determining the maximum reserve
requirement (including without limitation any basic, supplemental or emergency
reserves) in respect of Eurocurrency liabilities, as defined in Regulation D of
such Board as in effect from time to time, or any similar category of
liabilities for a member bank of the Federal Reserve System in New York City.

     “Event of Default” shall mean any of the events specified in Section 7.1;
provided, however, that any requirement for the giving of notice or the lapse
of time, or both, or any other condition, has been satisfied.

     “Excess Cash Flow” shall mean, for any period, for the Borrower and its
Subsidiaries, on a consolidated basis, an amount equal to (without duplication)
the sum of (a) Consolidated EBITDA for such period, minus (b) actual
Consolidated Capital Expenditures for such period,

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minus (c) Consolidated Interest Expense for such period, minus (d) federal,
state, local and foreign income taxes paid in cash for such period, minus (e)
scheduled payments and voluntary prepayments of Indebtedness (excluding
prepayments of the Revolving Loans unless they result in a pro rata reduction
of the Revolving Committed Amount) during such period, minus (f) Restricted
Payments made hereunder during such period, minus (g) any increases in Working
Capital for such period, plus (h) any decreases in Working Capital for such
period, minus (i) the non-financed cash portion of the consideration paid for
any Permitted Acquisition paid during such period.

     “Existing Credit Agreement” shall mean that certain Credit Agreement dated
as of September 13, 2002, as amended, restated, supplemented or otherwise
modified, by and among the Borrower, the guarantors party thereto, Wachovia
Bank, National Association, Bank of America, N.A. and the other lenders party
thereto.

     “Existing Letter of Credit” shall mean each of the letters of credit
described by date of issuance, amount, purpose and the date of expiry on
Schedule 1.1(b) hereto.

     “Extension of Credit” shall mean, as to any Lender, the making of a Loan
by such Lender or the issuance of, or participation in, a Letter of Credit by
such Lender.

     “Federal Funds Effective Rate” shall have the meaning set forth in the
definition of “Alternate Base Rate”.

     “Fee Letter” shall mean the letter agreement dated May 5, 2004, addressed
to the Borrower from Wachovia, Bank of America and the Arrangers, as amended,
modified or otherwise supplemented.

     “Foreign Subsidiary” shall mean any Subsidiary that is not a Domestic
Subsidiary.

     “Fronting Fee” shall have the meaning set forth in Section 2.6(b).

     “Fund” shall mean any trust, limited or general partnership, limited
liability company, corporation or other limited purpose entity that invests in
loans.

     “Funded Debt” means, as of any date of determination, for the Borrower and
its Subsidiaries on a consolidated basis, the following (without duplication):

     A. obligations for borrowed money and all obligations evidenced by bonds,
debentures, notes, loan agreements or other similar instruments;

     B. Attributable Indebtedness in respect of Capital Leases and Synthetic
Lease Obligations;

     C. obligations in respect of any Redeemable Stock;

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     D. any direct or contingent obligations arising under letters of credit
(including standby and commercial), banker’s acceptances, bank guaranties,
surety bonds and similar instruments;

     E. all obligations to pay the deferred purchase price of property or
services (other than trade payables incurred in the ordinary course of business
or accrued liabilities arising in the ordinary course of business that are not
overdue or that are being contested in good faith), and indebtedness (excluding
prepaid interest thereon) secured by a Lien on property owned or being
purchased (including indebtedness arising under conditional sales or other
title retention agreements), whether or not such indebtedness shall have been
assumed or is limited in recourse;

     F. net obligations under any Hedging Agreement;

     G. Guaranty Obligations with respect to obligations of the type specified
in subsections (a) through (f) above of Persons other than the Borrower or any
of its Subsidiaries; and

     H. all Indebtedness of the types referred to in subsections (a) through
(g) above of any partnership or joint venture (other than a joint venture that
is itself a corporation or limited liability company) in which the Borrower or
a Subsidiary is a general partner or joint venturer, unless such Indebtedness
is expressly made non-recourse to the Borrower or such Subsidiary.

     “GAAP” shall mean generally accepted accounting principles in effect in
the United States of America applied on a consistent basis, subject, however,
in the case of determination of compliance with the financial covenants set out
in Section 5.9, to the provisions of Section 1.3.

     “Government Acts” shall have the meaning set forth in Section 2.19.

     “Governmental Approvals” shall mean all authorizations, consents,
approvals, permits, licenses and exemptions of, registrations and filings with,
and reports to, all Governmental Authorities.

     “Governmental Authority” shall mean any nation or government, any state or
other political subdivision thereof and any entity exercising executive,
legislative, judicial, regulatory or administrative functions of or pertaining
to government.

     “Guarantor” shall have the meaning set forth in the first paragraph of
this Credit Agreement.

     “Guaranty” shall mean the guaranty of the Guarantors set forth in Article
X.

     “Guaranty Obligations” shall mean, with respect to any Person, without
duplication, any obligations of such Person (other than endorsements in the
ordinary course of business of negotiable instruments for deposit or
collection) guaranteeing or intended to guarantee any Indebtedness of any other
Person in any manner, whether direct or indirect, and including without
limitation any obligation, whether or not contingent, (i) to purchase any such
Indebtedness or any property constituting security therefor, (ii) to advance or
provide funds or other support for the payment or

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purchase of any such Indebtedness or to maintain working capital, solvency or
other balance sheet condition of such other Person (including without
limitation keep well agreements, maintenance agreements, comfort letters or
similar agreements or arrangements) for the benefit of any holder of
Indebtedness of such other Person, (iii) to lease or purchase property,
securities or services primarily for the purpose of assuring the holder of such
Indebtedness, or (iv) to otherwise assure or hold harmless the holder of such
Indebtedness against loss in respect thereof. The amount of any Guaranty
Obligation hereunder shall (subject to any limitations set forth therein) be
deemed to be an amount equal to the outstanding principal amount (or maximum
principal amount, if larger) of the Indebtedness in respect of which such
Guaranty Obligation is made.

     “Hedging Agreement Provider” shall mean any Person that enters into a
Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that
is permitted by Section 6.1(d) to the extent such Person is a Lender, an
Affiliate of a Lender or any other Person that was a Lender (or an Affiliate of
a Lender) at the time it entered into the Secured Hedging Agreement but has
ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the
Credit Agreement.

     “Hedging Agreements” shall mean, with respect to any Person, any agreement
entered into to protect such Person against fluctuations in interest rates, or
currency or raw materials values, including, without limitation, any interest
rate swap, cap or collar agreement or similar arrangement between such Person
and one or more counterparties, any foreign currency exchange agreement,
currency protection agreements, commodity purchase or option agreements or
other interest or exchange rate hedging agreements.

     “Immaterial Subsidiary” shall mean any Domestic Subsidiary that (a) has
assets with a book value of less than or equal to $1,000,000 and (b) does not
have any Indebtedness outstanding.

     “Incremental Facility” shall have the meaning set forth in Section 2.5.

     “Indebtedness” shall mean, with respect to any Person, without
duplication, (a) all obligations of such Person for borrowed money, (b) all
obligations of such Person evidenced by bonds, debentures, notes or similar
instruments, or upon which interest payments are customarily made, (c) all
obligations of such Person under conditional sale or other title retention
agreements relating to property purchased by such Person (other than customary
reservations or retentions of title under agreements with suppliers entered
into in the ordinary course of business), (d) all obligations of such Person
issued or assumed as the deferred purchase price of property or services
purchased by such Person (other than trade debt incurred in the ordinary course
of business and due within six months of the incurrence thereof) which would
appear as liabilities on a balance sheet of such Person, (e) all obligations of
such Person under take-or-pay or similar arrangements or under commodities
agreements, (f) all Indebtedness of others secured by (or for which the holder
of such Indebtedness has an existing right, contingent or otherwise, to be
secured by) any Lien on, or payable out of the proceeds of production from,
property owned or acquired by such Person, whether or not the obligations
secured thereby have been assumed, (g) all Guaranty Obligations of such Person
with respect to Indebtedness of another Person, (h) the principal portion of
all Capital Lease Obligations of such Person, (i) all net obligations of such
Person under Hedging Agreements,

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excluding any portion thereof which would be accounted for as interest expense
under GAAP, (j) the maximum amount of all letters of credit issued or bankers’
acceptances facilities created for the account of such Person and, without
duplication, all drafts drawn thereunder (to the extent unreimbursed), (k) all
preferred Capital Stock issued by such Person and which by the terms thereof
could be (at the request of the holders thereof or otherwise) subject to
mandatory sinking fund payments, redemption or other acceleration, (l) the
principal portion of all Synthetic Lease Obligations of such Person and (m) the
Indebtedness of any partnership or unincorporated joint venture in which such
Person is a general partner or a joint venturer.

     “Insolvency” shall mean, with respect to any Multiemployer Plan, the
condition that such Plan is insolvent within the meaning of such term as used
in Section 4245 of ERISA.

     “Intellectual Property” shall mean the Copyrights, Copyright Licenses,
Patents, Patent Licenses, Trademarks and Trademark Licenses of the Credit
Parties and their Subsidiaries, all goodwill associated therewith and all
rights to sue for infringement thereof.

     “Interest Coverage Ratio” shall mean, with respect to the Borrower and its
Subsidiaries on a Consolidated basis for the twelve month period ending on the
last day of any fiscal quarter of the Borrower and its Subsidiaries, the ratio
of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense
for such period.

     “Interest Payment Date” shall mean (a) as to any Alternate Base Rate Loan,
the last day of each March, June, September and December and on the applicable
Maturity Date, (b) as to any LIBOR Rate Loan having an Interest Period of three
months or less, the last day of such Interest Period, and (c) as to any LIBOR
Rate Loan having an Interest Period longer than three months, (i) each three
(3) month anniversary following the first day of such Interest Period and (ii)
the last day of such Interest Period.

     “Interest Period” shall mean, with respect to any LIBOR Rate Loan,

(i) initially, the period commencing on the Borrowing Date or conversion date,
as the case may be, with respect to such LIBOR Rate Loan and ending one, two,
three or six months thereafter, as selected by the Borrower in the Notice of
Borrowing or Notice of Conversion given with respect thereto; and

(ii) thereafter, each period commencing on the last day of the immediately
preceding Interest Period applicable to such LIBOR Rate Loan and ending one,
two, three or six months thereafter, as selected by the Borrower by irrevocable
notice to the Administrative Agent not less than three Business Days prior to
the last day of the then current Interest Period with respect thereto; provided
that the foregoing provisions are subject to the following:

if any Interest Period pertaining to a LIBOR Rate Loan 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;

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any Interest Period pertaining to a LIBOR Rate Loan that begins on the last
Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the calendar month at the end of such Interest Period)
shall end on the last Business Day of the relevant calendar month;

if the Borrower shall fail to give notice as provided above, the Borrower shall
be deemed to have selected an Alternate Base Rate Loan to replace the affected
LIBOR Rate Loan;

no Interest Period in respect of any Loan shall extend beyond the applicable
Maturity Date and, further with regard to the Tranche B Term Loans, no Interest
Period shall extend beyond any principal amortization payment date unless the
portion of such Tranche B Term Loan consisting of Alternate Base Rate Loans
together with the portion of such Tranche B Term Loan consisting of LIBOR Rate
Loans with Interest Periods expiring prior to or concurrently with the date
such principal amortization payment date is due, is at least equal to the
amount of such principal amortization payment due on such date; and

no more than fifteen (15) LIBOR Rate Loans may be in effect at any time. For
purposes hereof, LIBOR Rate Loans with different Interest Periods shall be
considered as separate LIBOR Rate Loans, even if they shall begin on the same
date, although borrowings, extensions and conversions may, in accordance with
the provisions hereof, be combined at the end of existing Interest Periods to
constitute a new LIBOR Rate Loan with a single Interest Period.

     “Investment” shall mean (a) the acquisition (whether for cash, property,
services, assumption of Indebtedness, securities or otherwise) of assets,
shares of Capital Stock, bonds, notes, debentures, partnership, joint ventures
or other ownership interests or other securities of any Person or (b) any
deposit with, or advance, loan or other extension of credit to, such Person
(other than deposits made in connection with the purchase of equipment or other
assets in the ordinary course of business or in connection with contracts for
goods and services in the ordinary course of its business) or (c) any other
capital contribution to or investment in such Person, including, without
limitation, any Guaranty Obligation (including any support for a letter of
credit issued on behalf of such Person) incurred for the benefit of such
Person.

     “Issuing Lender” shall mean (a) with respect to the Existing Letters of
Credit, Bank of America and (b) with respect to any Letter of Credit other than
the Existing Letters of Credit, Wachovia.

     “Issuing Lender Fees” shall have the meaning set forth in Section 2.6(c).

     “Joinder Agreement” shall mean a Joinder Agreement in substantially the
form of Schedule 5.10, executed and delivered by an Additional Credit Party in
accordance with the provisions of Section 5.10.

     “Lender” shall have the meaning set forth in the first paragraph of this
Credit Agreement.

     “Letters of Credit” shall mean (a) any letter of credit issued by the
Issuing Lender pursuant to the terms hereof and (b) any Existing Letter of
Credit, in each case as such letter of credit may be amended, modified,
extended, renewed or replaced from time to time.

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     “Letter of Credit Fee” shall have the meaning set forth in Section 2.6(b).

     “Leverage Ratio” shall mean the ratio of (i) Consolidated Funded Debt to
(ii) Consolidated EBITDA.

     “LIBOR” shall mean, for any LIBOR Rate Loan for any Interest Period
therefor, the rate per annum (rounded upwards, if necessary, to the nearest
1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the
London interbank offered rate for deposits in Dollars at approximately 11:00
A.M. (London time) two Business Days prior to the first day of such Interest
Period for a term comparable to such Interest Period. If for any reason such
rate is not available, the term “LIBOR” shall mean, for any LIBOR Rate Loan for
any Interest Period therefor, the rate per annum (rounded upwards, if
necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as
the London interbank offered rate for deposits in Dollars at approximately
11:00 A.M. (London time) two Business Days prior to the first day of such
Interest Period for a term comparable to such Interest Period; provided,
however, if more than one rate is specified on Reuters Screen LIBO Page, the
applicable rate shall be the arithmetic mean of all such rates (rounded
upwards, if necessary, to the nearest 1/100 of 1%). If, for any reason,
neither of such rates is available, then “LIBOR” shall mean the rate per annum
at which, as determined by the Administrative Agent, Dollars in an amount
comparable to the Loans then requested are being offered to leading banks at
approximately 11:00 A.M. London time, two (2) Business Days prior to the
commencement of the applicable Interest Period for settlement in immediately
available funds by leading banks in the London interbank market for a period
equal to the Interest Period selected.

     “LIBOR Lending Office” shall mean, initially, the office of each Lender
designated as such Lender’s LIBOR Lending Office shown on Schedule 9.2; and
thereafter, such other office of such Lender as such Lender may from time to
time specify to the Administrative Agent and the Borrower as the office of such
Lender at which the LIBOR Rate Loans of such Lender are to be made.

     “LIBOR Rate” shall mean a rate per annum (rounded upwards, if necessary,
to the next higher 1/100th of 1%) determined by the Administrative Agent
pursuant to the following formula:

	 	 	 
	 

	 	LIBOR
	LIBOR Rate =

	 	
 
	

	 	1.00 – Eurodollar Reserve Percentage

     “LIBOR Rate Loan” shall mean Loans the rate of interest applicable to
which is based on the LIBOR Rate.

     “Lien” shall mean any mortgage, pledge, hypothecation, assignment, deposit
arrangement, encumbrance, lien (statutory or other), charge or other security
interest or any preference, priority or other security agreement or
preferential arrangement of any kind or nature whatsoever (including, without
limitation, any conditional sale or other title retention agreement and any
Capital Lease having substantially the same economic effect as any of the
foregoing).

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     “Loan” shall mean a Revolving Loan, a Swingline Loan and/or the Tranche B
Term Loan, as appropriate.

     “LOC Commitment” shall mean the commitment of the Issuing Lender to issue
Letters of Credit and with respect to each Lender that has a Revolving
Commitment, the commitment of such Lender to purchase Participation Interests
in the Letters of Credit up to such Lender’s LOC Committed Amount as specified
in Schedule 2.1(a), as such amount may be reduced from time to time in
accordance with the provisions hereof.

     “LOC Committed Amount” shall have the meaning set forth in Section 2.3(a).

     “LOC Documents” shall mean, with respect to any Letter of Credit, such
Letter of Credit, any amendments thereto, any documents delivered in connection
therewith, any application therefor, and any agreements, instruments,
guarantees or other documents (whether general in application or applicable
only to such Letter of Credit) governing or providing for (i) the rights and
obligations of the parties concerned or (ii) any collateral security for such
obligations.

     “LOC Obligations” shall mean, at any time, the sum of (i) the maximum
amount which is, or at any time thereafter may become, available to be drawn
under Letters of Credit then outstanding (including any Existing Letters of
Credit), assuming compliance with all requirements for drawings referred to in
such Letters of Credit plus (ii) the aggregate amount of all drawings under
Letters of Credit honored by the Issuing Lender but not theretofore reimbursed.

     “Mandatory LOC Borrowing” shall have the meaning set forth in Section
2.3(e).

     “Mandatory Swingline Borrowing” shall have the meaning set forth in
Section 2.4(b)(ii).

     “Material Adverse Effect” shall mean a material adverse effect on (a) the
business, operations, property, assets or condition (financial or otherwise) of
the Borrower or of the Credit Parties and their Subsidiaries taken as a whole,
(b) the ability of the Borrower or of the Credit Parties and their
Subsidiaries, taken as a whole, to perform its or their obligations, as
applicable, when such obligations are required to be performed, under this
Credit Agreement, any of the Notes or any other Credit Document or (c) the
validity or enforceability of this Credit Agreement, any of the Notes or any of
the other Credit Documents or the rights or remedies of the Administrative
Agent or the Lenders hereunder or thereunder.

     “Material Contract” shall mean any contract, agreement, permit or license,
written or oral, of the Credit Parties or any of their Subsidiaries the failure
to comply with which could reasonably be expected to have a Material Adverse
Effect.

     “Materials of Environmental Concern” shall mean 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, without limitation,
asbestos, polychlorinated biphenyls and urea-formaldehyde insulation.

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     “Maturity Date” shall mean (a) with respect to the Tranche B Term Loan,
the Tranche B Term Loan Maturity Date and (b) with respect to the Revolving
Loans and Swingline Loans, the Revolving Commitment Termination Date.

     “Mexico Acquisition” shall mean the acquisition of all of the outstanding
Voting Stock of Building Systems de Mexico, S.A. de C.V. not owned by the
Borrower on the date of this Agreement; provided that (i) no Default or Event
of Default shall then exist or would exist after giving effect thereto, (ii)
the Credit Parties shall demonstrate to the reasonable satisfaction of the
Administrative Agent that, after giving effect to the acquisition on a pro
forma basis, the Credit Parties are in compliance with each of the financial
covenants set forth in Section 5.9 and (iii) the Administrative Agent, on
behalf of the Lenders, shall have received a 65% (or such higher percentage
that would not result in a material adverse tax consequence) pledge of the
Capital Stock of Building Systems de Mexico, S.A. de C.V.

     “Moody’s” shall mean Moody’s Investors Service, Inc.

     “Multiemployer Plan” shall mean a Plan that is a multiemployer plan as
defined in Section 4001(a)(3) of ERISA.

     “Net Cash Proceeds” shall mean the aggregate cash proceeds received by the
Borrower or any Subsidiary in respect of any Asset Disposition, Equity
Issuance, Debt Issuance or Recovery Event, net of (a) direct costs (including,
without limitation, legal, accounting and investment banking fees, and sales
commissions, in each case payable to non-Affiliates) associated therewith, (b)
amounts held in escrow to be applied as part of the purchase price of any Asset
Disposition, (c) taxes paid or payable by a Credit Party as a result thereof,
(d) the amount paid or payable in respect of the outstanding principal amount
of, premium or penalty, if any, and interest on any Indebtedness (other than
the Credit Party Obligations) that is secured by a Lien on the asset in
question, if any, to the extent required to be paid and (e) the amount of any
reserve reasonably maintained by the Borrower and its Subsidiaries with respect
to indemnification obligations owing pursuant to the definitive documentation
pursuant to which such event is consummated (with any unused portion of such
reserve to constitute Net Cash Proceeds on the date upon which the
indemnification obligations terminate or such reserve is reduced other than in
connection with a payment); it being understood that “Net Cash Proceeds” shall
include, without limitation, any cash received upon the sale or other
disposition of any non-cash consideration received by the Borrower or any
Subsidiary in any Asset Disposition, Equity Issuance, Debt Issuance or Recovery
Event and any cash released from escrow as part of the purchase price in
connection with any Asset Disposition.

     “Note” or “Notes” shall mean the Revolving Notes, the Swingline Note
and/or the Tranche B Term Notes, collectively, separately or individually, as
appropriate.

     “Notice of Borrowing” shall mean a request for a Revolving Loan borrowing
pursuant to Section 2.1(b)(i) or a Swingline Loan borrowing pursuant to Section
2.4(b)(i), as appropriate. A Form of Notice of Borrowing is attached as
Schedule 2.1(b)(i).

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     “Notice of Conversion” shall mean the written notice of extension or
conversion as referenced and defined in Section 2.10.

     “Obligations” shall mean, collectively, Loans and LOC Obligations.

     “Participant” shall have the meaning set forth in Section 9.6(b).

     “Participation Interest” shall mean a participation interest purchased by
a Revolving Lender in LOC Obligations as provided in Section 2.3(c) and in
Swingline Loans as provided in Section 2.4.

     “Patent Licenses” shall mean all agreements, whether written or oral,
providing for the grant by or to a Person of any right to manufacture, use or
sell any invention covered by a Patent, including, without limitation, any
thereof referred to in Schedule 3.16 to the Credit Agreement.

     “Patents” shall mean all letters patent of the United States or any other
country, now existing or hereafter arising, and all improvement patents,
reissues, reexaminations, patents of additions, renewals and extensions
thereof, including, without limitation, any thereof referred to in Schedule
3.16 to this Credit Agreement, and (ii) all applications for letters patent of
the United States or any other country, now existing or hereafter arising, and
all provisionals, divisions, continuations and continuations-in-part and
substitutes thereof, including, without limitation, any thereof referred to in
Schedule 3.16 to this Credit Agreement.

     “Patriot Act” shall have the meaning set forth in Section 9.18.

     “PBGC” shall mean the Pension Benefit Guaranty Corporation established
pursuant to Subtitle A of Title IV of ERISA.

     “Permitted Acquisition” shall mean (a) the Mexico Acquisition and (b) an
acquisition or any series of related acquisitions by a Credit Party of (i) all
or substantially all of the assets or a majority of the outstanding Voting
Stock or economic interests of a Person that is incorporated, formed or
organized in the United States or (ii) any division, line of business or other
business unit of a Person that is incorporated, formed or organized in the
United States (such Person or such division, line of business or other business
unit of such Person shall be referred to herein as the “Target”), in each case
that is a type of business (or assets used in a type of business) permitted to
be engaged in by the Credit Parties and their Subsidiaries pursuant to Section
6.4 hereof, so long as (A) no Default or Event of Default shall then exist or
would exist after giving effect thereto, (B) the Credit Parties shall
demonstrate to the reasonable satisfaction of the Administrative Agent that,
after giving effect to the acquisition on a pro forma basis, the Credit Parties
are in compliance with each of the financial covenants set forth in Section 5.9
and (C) the Administrative Agent, on behalf of the Lenders, shall have received
(or shall receive in connection with the closing of such acquisition) a first
priority perfected security interest (subject to Permitted Liens) in all
Collateral (including, without limitation, Capital Stock) acquired with respect
to the Target in accordance with the terms of Sections 5.10 and 5.12 and the
Target, if a Person, shall have executed a Joinder Agreement in accordance with
the terms of Section 5.10.

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     “Permitted Investments” shall mean:

(i) cash and Cash Equivalents;

(ii) Investments set forth on Schedule 1.1(c);

(iii) receivables owing to the Credit Parties or any of their Subsidiaries or
any receivables and advances to suppliers, in each case if created, acquired or
made in the ordinary course of business and payable or dischargeable in
accordance with customary trade terms;

(iv) Investments in and loans to any Credit Party by any other Credit Party;

(v) loans to employees and advances to employees and directors (to the extent
such advances to directors comply with the Sarbanes-Oxley Act of 2002) in an
aggregate amount not to exceed $1,000,000 at any time outstanding;

(vi) Investments (including debt obligations) received in connection with the
bankruptcy or reorganization of suppliers and customers and in settlement of
delinquent obligations of, and other disputes with, customers and suppliers
arising in the ordinary course of business;

(vii) Investments, acquisitions or transactions permitted under Section 6.5(b);
and

(viii) additional loan advances and/or Investments in an aggregate amount not
to exceed $10,000,000 at any time outstanding.

     “Permitted Liens” shall mean:

(i) Liens created by or otherwise existing under or in connection with this
Credit Agreement or the other Credit Documents in favor of the Lenders;

(ii) Liens in favor of a Hedging Agreement Provider in connection with a
Secured Hedging Agreement, but only if such Hedging Agreement Provider and the
Administrative Agent, on behalf of the Lenders, shall share pari passu in the
collateral subject to such Liens;

(iii) Liens securing purchase money indebtedness and Capital Lease Obligations
(and refinancings thereof) to the extent permitted under Section 6.1(c);
provided, that (A) any such Lien attaches to such property concurrently with or
within 30 days after the acquisition thereof and (B) such Lien attaches solely
to the property so acquired in such transaction;

(iv) Liens for taxes, assessments, charges or other governmental levies not yet
due or as to which the period of grace (not to exceed 60 days), if any, related
thereto has not expired 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 (or, in the case of Subsidiaries with
significant operations outside of the United States of America, generally
accepted accounting principles in effect from time to time in their respective
jurisdictions of incorporation);

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(v) statutory Liens such as carriers’, warehousemen’s, mechanics’,
materialmen’s, landlords’, repairmen’s or other like Liens arising in the
ordinary course of business which are not overdue for a period of more than 30
days or which are being contested in good faith by appropriate proceedings and
for which adequate reserves are maintained on the books of the Borrower or its
Subsidiaries, as the case may be, in conformity with GAAP;

(vi) 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;

(vii) 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;

(viii) easements, rights of way, restrictions and other similar encumbrances
affecting real property which, in the aggregate, are not substantial in amount,
and which do not in any case materially detract from the value of the property
subject thereto or materially interfere with the ordinary conduct of the
business of the applicable Person;

(ix) any extension, renewal or replacement (or successive extensions, renewals
or replacements), in whole or in part, of any Lien referred to in the foregoing
clauses; provided that such extension, renewal or replacement Lien shall be
limited to all or a part of the property which secured the Lien so extended,
renewed or replaced (plus improvements on such property);

(x) Liens on the assets of any entity existing at the time such assets are
acquired by the Borrower or any Subsidiary, whether by merger, consolidation,
purchase of assets or otherwise so long as (i) such Liens (A) are not created,
incurred or assumed in contemplation of such assets being acquired by the
Borrower or any Subsidiary, and (B) do not extend to any other assets of the
Borrower or any Subsidiary; and (ii) the amount of Indebtedness secured by all
such Liens shall not exceed $15,000,000 in aggregate principal amount at any
time; and

(xi) Liens existing on the Closing Date and set forth on Schedule 1.1(d);
provided that no such Lien shall at any time be extended to cover property or
assets other than the property or assets subject thereto on the Closing Date
and improvements thereon and (b) the principal amount of the Indebtedness
secured by such Lien shall not be increased.

     “Person” shall mean 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.

     “Plan” shall mean, at any particular time, any employee benefit plan which
is covered by Title IV of ERISA and in respect of which the Borrower or a
Commonly Controlled Entity 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.

     “Pledge Agreement” shall mean the Pledge Agreement dated as of the Closing
Date given by the Borrower and the Guarantors to the Administrative Agent, for
the benefit of the

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Lenders, as the same may from time to time be amended, supplemented or
otherwise modified in accordance with the terms hereof and thereof.

     “Prime Rate” shall have the meaning set forth in the definition of
Alternate Base Rate.

     “Purchasing Lenders” shall have the meaning set forth in Section 9.6(c).

     “Recovery Event” shall mean the receipt by the Credit Parties or any of
their Subsidiaries of any cash insurance proceeds or condemnation award payable
by reason of theft, loss, physical destruction or damage, taking or similar
event with respect to any of their respective property or assets other than
obsolete property or assets no longer used or useful in the business of the
Credit Parties or any of their Subsidiaries.

     “Redeemable Stock” shall mean any Capital Stock of the Borrower or any of
its Subsidiaries which prior to the date which is six months after the Tranche
B Term Loan Maturity Date may be (a) mandatorily redeemable, (b) redeemable at
the option of the holder thereof or (c) convertible into Indebtedness.

     “Register” shall have the meaning set forth in Section 9.6(d).

     “Reimbursement Obligation” shall mean the obligation of the Borrower to
reimburse the Issuing Lender pursuant to Section 2.3(d) for amounts drawn under
Letters of Credit.

     “Reorganization” shall mean, with respect to any Multiemployer Plan, the
condition that such Plan is in reorganization within the meaning of such term
as used in Section 4241 of ERISA.

     “Reportable Event” shall mean any of the events set forth in Section
4043(c) of ERISA, other than those events as to which the thirty-day notice
period is waived under PBGC Reg. §4043.

     “Required Lenders” shall mean Lenders holding in the aggregate more than
50% of the sum of (i) all Revolving Loans and LOC Obligations then outstanding
at such time plus the aggregate unused Revolving Commitments at such time
(treating for purposes hereof in the case of LOC Obligations, in the case of
the Issuing Lender and the Swingline Lender, only the portion of the LOC
Obligations of the Issuing Lender and Swingline Loans of the Swingline Lender
which are not subject to the Participation Interests of the other Lenders and,
in the case of the Lenders other than the Issuing Lender and the Swingline
Lender, the Participation Interests of such Lenders in LOC Obligations and the
Swingline Loans hereunder as direct Obligations) and (ii) the principal amount
of the Tranche B Term Loan then outstanding at such time; provided, however,
that if any Lender shall be a Defaulting Lender at such time, then there shall
be excluded from the determination of Required Lenders, Obligations (including
Participation Interests) owing to such Defaulting Lender and such Defaulting
Lender’s Commitments, or after termination of the Commitments, the principal
balance of the Obligations owing to such Defaulting Lender.

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     “Requirement of Law” shall mean, as to any Person, the Certificate of
Incorporation and By-laws or other organizational or governing documents of
such Person, and each 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” shall mean, as to (a) the Borrower, the chief
executive officer, president, the chief financial officer or treasurer or (b)
any other Credit Party, any duly authorized officer thereof.

     “Restricted Payment” shall mean (a) any dividend or other distribution,
direct or indirect, on account of any shares of any class of Capital Stock of a
Credit Party, now or hereafter outstanding, (b) any redemption, retirement,
sinking fund or similar payment, purchase or other acquisition for value,
direct or indirect, of any shares of any class of Capital Stock of the Credit
Parties or any of their Subsidiaries, now or hereafter outstanding, (c) any
payment made to retire, or to obtain the surrender of, any outstanding
warrants, options or other rights to acquire shares of any class of Capital
Stock of the Credit Parties or any of their Subsidiaries, now or hereafter
outstanding (excluding any stock appreciation payments or payments in lieu of
issuance of Capital Stock made pursuant to the Borrower’s 2003 Long-Term Stock
Incentive Plan, as may be amended, modified or supplemented from time to time),
(d) any payment, prepayment, redemption or similar payment with respect to the
Subordinated Debt of any Credit Party or any of its Subsidiaries and (e) the
payment by any Credit Party of any management or consulting fee to any Person
or of any salary, bonus or other form of compensation to any Person who is
directly or indirectly a significant partner, shareholder, owner or executive
officer of any such Person, to the extent such salary, bonus or other form of
compensation is not included in the corporate overhead of such Credit Party.

     “Revolving Commitment” shall mean, with respect to each Revolving Lender,
the commitment of such Revolving Lender to make Revolving Loans in an aggregate
principal amount at any time outstanding up to an amount equal to such
Revolving Lender’s Revolving Commitment Percentage of the Revolving Committed
Amount.

     “Revolving Commitment Percentage” shall mean, for each Revolving Lender,
the percentage identified as its Revolving Commitment Percentage on Schedule
2.1(a) or in the Register, as such percentage may be modified in connection
with any assignment made in accordance with the provisions of Section 9.6(c).

     “Revolving Commitment Termination Date” shall mean the date that is five
(5) years from the Closing Date.

     “Revolving Committed Amount” shall have the meaning set forth in Section
2.1(a).

     “Revolving Lender” shall mean, as of any date of determination, a Lender
holding a Revolving Commitment on such date.

     “Revolving Loan” shall have the meaning set forth in Section 2.1.

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     “Revolving Note” or “Revolving Notes” shall mean the promissory notes of
the Borrower provided pursuant to Section 2.1(e) in favor of each of the
Revolving Lenders evidencing the Revolving Loans, individually or collectively,
as appropriate, as such promissory notes may be amended, modified, restated,
supplemented, extended, renewed or replaced from time to time.

     “S&P” shall mean Standard & Poor’s Ratings Services, a division of The
McGraw Hill Companies, Inc.

     “Secured Hedging Agreement” shall mean any Hedging Agreement between a
Credit Party and a Hedging Agreement Provider, as amended, modified,
supplemented, extended or restated from time to time.

     “Security Agreement” shall mean the Security Agreement dated as of the
Closing Date given by the Borrower and the Guarantors to the Administrative
Agent, for the benefit of the Lenders, as amended, modified or supplemented
from time to time in accordance with its terms.

     “Security Documents” shall mean the Security Agreement, the Pledge
Agreement and such other documents, agreements and instruments executed and
delivered and/or filed in connection with the attachment and perfection of the
Administrative Agent’s security interests and liens arising thereunder,
including, without limitation, UCC financing statements and patent, trademark
and copyright filings.

     “Senior Funded Debt” shall mean, as of any date of determination, with
respect to any Person, all Consolidated Funded Debt (including, without
limitation, the Obligations hereunder) that is not subordinated in right of
payment to the Credit Party Obligations.

     “Senior Leverage Ratio” shall mean the ratio of (i) Senior Funded Debt to
(ii) Consolidated EBITDA.

     “Senior Subordinated Notes” shall mean the Indebtedness of the Borrower,
issued pursuant to that certain Indenture, dated as of May 5, 1999, by and
between the Borrower and The Bank of New York (as successor in interest to
Harris Trust Company of New York), and maturing May 5, 2009.

     “Single Employer Plan” shall mean any Plan that is not a Multiemployer
Plan.

     “Specified Sales” shall mean (a) the sale, transfer, lease or other
disposition of inventory and materials in the ordinary course of business and
(b) the sale, transfer or other disposition of cash or Cash Equivalents into
cash or other Cash Equivalents.

     “Subordinated Debt” shall mean any Indebtedness incurred by any Credit
Party which by its terms is specifically subordinated in right of payment to
the prior payment of the Credit Party Obligations and contains subordination
and other terms acceptable to the Administrative Agent, including, without
limitation, the debt evidenced by the Senior Subordinated Notes.

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     “Subsidiary” shall mean, 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. Unless otherwise qualified,
all references to a “Subsidiary” or to “Subsidiaries” in this Credit Agreement
shall refer to a Subsidiary or Subsidiaries of the Borrower.

     “Swingline Commitment” shall mean the commitment of the Swingline Lender
to make Swingline Loans in an aggregate principal amount at any time
outstanding up to the Swingline Committed Amount, and the commitment of the
Revolving Lenders to purchase participation interests in the Swingline Loans as
provided in Section 2.4(b)(ii), as such amounts may be reduced from time to
time in accordance with the provisions hereof.

     “Swingline Committed Amount” shall mean the amount of the Swingline
Lender’s Swingline Commitment as specified in Section 2.4(a).

     “Swingline Lender” shall mean Wachovia and any successor swingline lender.

     “Swingline Loan” shall have the meaning set forth in Section 2.4(a).

     “Swingline Note” shall mean the promissory note of the Borrower in favor
of the Swingline Lender evidencing the Swingline Loans provided pursuant to
Section 2.4(d), as such promissory note may be amended, modified, supplemented,
extended, renewed or replaced from time to time.

     “Syndication Agent” shall have the meaning set forth in the first
paragraph of this Credit Agreement and any successors in such capacity.

     “Synthetic Lease Obligation” shall mean the monetary obligation of a
Person under (a) a so-called synthetic, off-balance sheet or tax retention
lease, or (b) an agreement for the use or possession of property creating
obligations that do not appear on the balance sheet of such Person but which,
upon the insolvency or bankruptcy of such Person, would be characterized as the
indebtedness of such Person (without regard to accounting treatment).

     “Tax Exempt Certificate” shall have the meaning set forth in Section 2.18.

     “Taxes” shall have the meaning set forth in Section 2.18.

     “Term Loan Lender” shall mean, as of any date of determination, any Lender
that holds a portion of the outstanding Tranche B Term Loan on such date.

     “Ticking Fee” shall have the meaning set forth in Section 2.6(e).

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     “Ticking Fee Payment Date” shall have the meaning set forth in Section
2.6(e).

     “Trademark License” shall mean any agreement, whether written or oral,
providing for the grant by or to a Person of any right to use any Trademark,
including, without limitation, any thereof referred to in Schedule 3.16 to this
Credit Agreement.

     “Trademarks” shall mean all trademarks, trade names, corporate names,
company names, business names, fictitious business names, service marks,
elements of package or trade dress of goods or services, logos and other source
or business identifiers, together with the goodwill associated therewith, now
existing or hereafter adopted or acquired, all registrations and recordings
thereof, and all applications in connection therewith, whether in the United
States Patent and Trademark Office or in any similar office or agency of the
United States, any State thereof or any other country or any political
subdivision thereof, including, without limitation, any thereof referred to in
Schedule 3.16 to this Credit Agreement, and (ii) all renewals thereof
including, without limitation, any thereof referred to in Schedule 3.16.

     “Tranche” shall mean the collective reference to (a) LIBOR Rate Loans
whose Interest Periods begin and end on the same day and (b) Alternate Base
Rate Loans made on the same day. A Tranche with respect to LIBOR Rate Loans
may sometimes be referred to as a “Eurodollar Tranche”.

     “Tranche B Term Loan” shall have the meaning set forth in Section 2.2(a).

     “Tranche B Term Loan Commitment” shall mean, with respect to each Term
Loan Lender, the commitment of such Term Loan Lender to make its portion of the
Tranche B Term Loan in a principal amount equal to such Term Loan Lender’s
Tranche B Term Loan Commitment Percentage of the Tranche B Term Loan Committed
Amount (and for purposes of making determinations of Required Lenders hereunder
after the Closing Date, the principal amount outstanding on the Tranche B Term
Loan).

     “Tranche B Term Loan Commitment Percentage” shall mean, for any Term Loan
Lender, the percentage identified as its Tranche B Term Loan Commitment
Percentage on Schedule 2.1(a), as such percentage may be modified in connection
with any assignment made in accordance with the provisions of Section 9.6.

     “Tranche B Term Loan Committed Amount” shall have the meaning set forth in
Section 2.2(a).

     “Tranche B Term Loan Funding Date” shall mean the date upon which all the
conditions precedent to the funding of the Tranche B Term Loans (including,
without limitation, the requirements set forth in Sections 2.2, 4.1 and 4.3)
shall have been satisfied; provided, that the Tranche B Term Loan Funding Date
shall occur no later than sixty (60) days after the Closing Date.

     “Tranche B Term Loan Maturity Date” shall mean the date that is six (6)
years from the Closing Date.

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     “Tranche B Term Note” or “Tranche B Term Notes” shall mean the promissory notes
of the Borrower in favor of each of the Term Loan Lenders evidencing the
portion of the Tranche B Term Loan provided pursuant to Section 2.2(d),
individually or collectively, as appropriate, as such promissory notes may be
amended, modified, restated, supplemented, extended, renewed or replaced from
time to time.

     “Transfer Effective Date” shall have the meaning set forth in each
Commitment Transfer Supplement.

     “Type” shall mean, as to any Loan, its nature as an Alternate Base Rate
Loan or LIBOR Rate Loan, as the case may be.

     “Voting Stock” shall mean, with respect to any Person, Capital Stock
issued by such Person the holders of which are ordinarily, in the absence of
contingencies, entitled to vote for the election of directors (or persons
performing similar functions) of such Person, even though the right so to vote
may be or have been suspended by the happening of such a contingency.

     “Wachovia” shall mean Wachovia Bank, National Association, a national
banking association.

     “Working Capital” shall mean, as of any date of determination, for the
Borrower and its Subsidiaries on a consolidated basis, the remainder of (a)
accounts receivable, inventory and prepaid expenses minus (b) accounts payable
and other accrued expenses including compensation, benefits and taxes.

     2. Other Definitional Provisions.

     I. Unless otherwise specified therein, all terms defined in this Credit
Agreement shall have the defined meanings when used in the Notes or other
Credit Documents or any certificate or other document made or delivered
pursuant hereto.

     J. The words “hereof”, “herein” and “hereunder” and words of similar
import when used in this Credit Agreement shall refer to this Credit Agreement
as a whole and not to any particular provision of this Credit Agreement, and
Section, subsection, Schedule and Exhibit references are to this Credit
Agreement unless otherwise specified.

     K. The meanings given to terms defined herein shall be equally applicable
to both the singular and plural forms of such terms.

     3. Accounting Terms.

     Unless otherwise specified herein, all accounting terms used herein shall
be interpreted, all accounting determinations hereunder shall be made, and all
financial statements required to be delivered hereunder shall be prepared in
accordance with GAAP applied on a basis consistent with the most recent audited
Consolidated financial statements of the Borrower delivered to the
Administrative Agent; provided that, if the Borrower notifies the
Administrative Agent that it wishes to amend any covenant in Section 5.9 to
eliminate the effect of any change in GAAP on

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the operation of such covenant (or if the Administrative Agent notifies the
Borrower that the Required Lenders wish to amend Section 5.9 for such purpose),
then the Borrower’s compliance with such covenant shall be determined on the
basis of GAAP in effect immediately before the relevant change in GAAP became
effective, until either such notice is withdrawn or such covenant is amended in
a manner satisfactory to the Borrower and the Required Lenders.

     The Borrower shall deliver to the Administrative Agent at the same time as
the delivery of any annual or quarterly financial statements given in
accordance with the provisions of Section 5.1, (i) a description in reasonable
detail of any material change in the application of accounting principles
employed in the preparation of such financial statements from those applied in
the most recently preceding quarterly or annual financial statements as to
which no objection shall have been made in accordance with the provisions above
and (ii) a reasonable estimate of the effect on the financial statements on
account of such changes in application.

     For purposes of computing the financial covenants set forth in Section 5.9
for any applicable test period, any Permitted Acquisition or permitted sale of
assets (including a stock sale) shall have been deemed to have taken place as
of the first day of such applicable test period.

     4. Time References.

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

     (b) THE LOANS; AMOUNT AND TERMS

     5. Revolving Loans.

     L. Revolving Commitment. During the Commitment Period, subject to the
terms and conditions hereof, each Revolving Lender severally agrees to make
revolving credit loans (“Revolving Loans”) to the Borrower from time to time
for the purposes hereinafter set forth; provided, however, that (i) with regard
to each Revolving Lender individually, the sum of such Revolving Lender’s share
of outstanding Revolving Loans plus such Revolving Lender’s Revolving
Commitment Percentage of outstanding Swingline Loans plus such Revolving
Lender’s Revolving Commitment Percentage of outstanding LOC Obligations (after
giving effect to the concurrent reduction, if any, in outstanding Swingline
Loans and/or outstanding LOC Obligations to be effected by application of the
proceeds of Revolving Loans) shall not exceed such Revolving Lender’s Revolving
Commitment Percentage of the Revolving Committed Amount and (ii) with regard to
the Revolving Lenders collectively, the sum of the aggregate amount of
outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding
LOC Obligations (after giving effect to the concurrent reduction, if any, in
outstanding Swingline Loans and/or outstanding LOC Obligations to be effected
by application of the proceeds of Revolving Loans) shall not exceed the
Revolving Committed Amount then in effect. For purposes hereof, the aggregate
amount available hereunder shall be ONE

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HUNDRED TWENTY-FIVE MILLION DOLLARS ($125,000,000) (as such aggregate
maximum amount may be reduced from time to time as provided in Section 2.7, the
“Revolving Committed Amount”). Revolving Loans may consist of Alternate Base
Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may
request, and may be repaid and reborrowed in accordance with the provisions
hereof; provided, however, the Revolving Loans made on the Closing Date and on
the two Business Days immediately following the Closing Date shall bear
interest at the Alternate Base Rate. LIBOR Rate Loans shall be made by each
Revolving Lender at its LIBOR Lending Office and Alternate Base Rate Loans at
its Domestic Lending Office.

     M. Revolving Loan Borrowings.

(i) Notice of Borrowing. The Borrower may request a Revolving Loan borrowing
by delivering a written Notice of Borrowing (or telephone notice promptly
confirmed in writing by delivery of a written Notice of Borrowing, which
delivery may be by fax) to the Administrative Agent not later than 11:00 A.M.
on the date of the requested borrowing in the case of Alternate Base Rate
Loans, and on the third Business Day prior to the date of the requested
borrowing in the case of LIBOR Rate Loans. Each such Notice of Borrowing shall
be irrevocable and shall specify (A) that a Revolving Loan is requested, (B)
the date of the requested borrowing (which shall be a Business Day), (C) the
aggregate principal amount to be borrowed and (D) whether the borrowing shall
be comprised of Alternate Base Rate Loans, LIBOR Rate Loans or a combination
thereof, and if LIBOR Rate Loans are requested, the Interest Period(s)
therefor. If the Borrower shall fail to specify in any such Notice of
Borrowing (1) an applicable Interest Period in the case of a LIBOR Rate Loan,
then such notice shall be deemed to be a request for an Interest Period of one
month, or (2) the type of Revolving Loan requested, then such notice shall be
deemed to be a request for an Alternate Base Rate Loan hereunder. The
Administrative Agent shall give notice to each Revolving Lender promptly upon
receipt of each Notice of Borrowing, the contents thereof and each such
Revolving Lender’s share thereof.

(ii) Minimum Amounts. Each Revolving Loan that is made as an Alternate Base
Rate Loan shall be in a minimum aggregate amount of $500,000 and integral
multiples of $100,000 in excess thereof (or the remaining amount of the
Revolving Committed Amount, if less) other than with respect to payments of
reimbursement obligations in accordance with Section 2.3(d) and with respect to
repayments of Swingline Loans in accordance with Section 2.4(b)(ii), each of
which may be in the amount of the reimbursement obligation being paid or of
Swingline Loan being repaid. Each Revolving Loan that is made as a LIBOR Rate
Loan shall be in a minimum aggregate amount of $5,000,000 and integral
multiples of $1,000,000 in excess thereof (or the remaining amount of the
Revolving Committed Amount, if less).

(iii) Advances. Each Revolving Lender will make its Revolving Commitment
Percentage of each Revolving Loan borrowing available to the Administrative
Agent for the account of the Borrower at the office of the Administrative Agent
specified in Section 9.2, or at such other office as the Administrative Agent
may designate in writing, upon reasonable advance notice by 1:00 P.M. on the
date specified in the applicable Notice of Borrowing, in Dollars and in funds
immediately available to the Administrative Agent. Such borrowing will then be
made available to the Borrower by the Administrative Agent by crediting the
account of the Borrower on the books of such office with the aggregate of the
amounts made available to the

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Administrative Agent by the Revolving Lenders and in like funds as received by
the Administrative Agent.

     N. Repayment. The principal amount of all Revolving Loans shall be due
and payable in full on the Revolving Commitment Termination Date, unless
accelerated sooner pursuant to Section 7.2.

     O. Interest. Subject to the provisions of Section 2.9(b), Revolving Loans
shall bear interest as follows:

(i) Alternate Base Rate Loans. During such periods as Revolving Loans shall be
comprised of Alternate Base Rate Loans, each such Alternate Base Rate Loan
shall bear interest at a per annum rate equal to the sum of the Alternate Base
Rate plus the Applicable Percentage; and

(ii) LIBOR Rate Loans. During such periods as Revolving Loans shall be
comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at
a per annum rate equal to the sum of the LIBOR Rate plus the Applicable
Percentage.

     Interest on Revolving Loans shall be payable in arrears on each Interest
Payment Date.

     P. Revolving Notes. The Borrower’s obligation to pay each Revolving
Lender’s Revolving Loans shall be evidenced, upon such Revolving Lender’s
request, by a Revolving Note made payable to such Lender in substantially the
form of Schedule 2.1(e).

     6. Tranche B Term Loan.

     Q. Tranche B Term Loan. Subject to the terms and conditions hereof and in
reliance upon the representations and warranties set forth herein, each Term
Loan Lender severally agrees to make available to the Borrower on the Tranche B
Term Loan Funding Date such Term Loan Lender’s Tranche B Term Loan Commitment
Percentage of a term loan in Dollars (the “Tranche B Term Loan”) in the
aggregate principal amount of TWO HUNDRED MILLION DOLLARS ($200,000,000) (the
“Tranche B Term Loan Committed Amount”) for the purposes hereinafter set forth.
The Tranche B Term Loan may consist of Alternate Base Rate Loans or LIBOR Rate
Loans, or a combination thereof, as the Borrower may request. LIBOR Rate Loans
shall be made by each Term Loan Lender at its LIBOR Lending Office and
Alternate Base Rate Loans at its Domestic Lending Office. Amounts repaid or
prepaid on the Tranche B Term Loan may not be reborrowed.

     R. Repayment of Tranche B Term Loan. The principal amount of the Tranche
B Term Loan shall be repaid in twenty-four (24) consecutive quarterly
installments (as reduced pursuant to Section 2.8) as follows:

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	 	 	Tranche B Term Loan
	Principal Amortization Payment Date
	 	Principal Amortization Payment

	November 1, 2004
	 	$	500,000	 
	February 1, 2005
	 	$	500,000	 
	May 1, 2005
	 	$	500,000	 
	August 1, 2005
	 	$	500,000	 
	November 1, 2005
	 	$	500,000	 
	February 1, 2006
	 	$	500,000	 
	May 1, 2006
	 	$	500,000	 
	August 1, 2006
	 	$	500,000	 
	November 1, 2006
	 	$	500,000	 
	February 1, 2007
	 	$	500,000	 
	May 1, 2007
	 	$	500,000	 
	August 1, 2007
	 	$	500,000	 
	November 1, 2007
	 	$	500,000	 
	February 1, 2008
	 	$	500,000	 
	May 1, 2008
	 	$	500,000	 
	August 1, 2008
	 	$	500,000	 
	November 1, 2008
	 	$	500,000	 
	February 1, 2009
	 	$	500,000	 
	May 1, 2009
	 	$	500,000	 
	August 1, 2009
	 	$	500,000	 
	November 1, 2009
	 	$	500,000	 
	February 1, 2010
	 	$	500,000	 
	May 1, 2010
	 	$	500,000	 
	Tranche B Term Loan
	 	$188,500,000 or the remaining
	Maturity Date
	 	principal amount of the
	 
	 	Tranche B Term Loan

     S. Interest on the Tranche B Term Loan. Subject to the provisions of
Section 2.9, the Tranche B Term Loan shall bear interest as follows:

(i) Alternate Base Rate Loans. During such periods as the Tranche B Term Loan
shall be comprised of Alternate Base Rate Loans, each such Alternate Base Rate
Loan shall bear

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interest at a per annum rate equal to the sum of the Alternate Base Rate plus
the Applicable Percentage; and

(ii) LIBOR Rate Loans. During such periods as the Tranche B Term Loan shall be
comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at
a per annum rate equal to the sum of the LIBOR Rate plus the Applicable
Percentage.

     Interest on the Tranche B Term Loan shall be payable in arrears on
each Interest Payment Date.

     T. Tranche B Term Notes. The Borrower’s obligation to pay each Term Loan
Lender’s Tranche B Term Loan shall be evidenced, upon such Term Loan Lender’s
request, by a Tranche B Term Note made payable to such Lender in substantially
the form of Schedule 2.2(d).

     7. Letter of Credit Subfacility.

     U. Issuance. Subject to the terms and conditions hereof and of the LOC
Documents, if any, and any other terms and conditions which the Issuing Lender
may reasonably require, during the Commitment Period the Issuing Lender shall
issue, and the Revolving Lenders shall participate in, standby Letters of
Credit for the account of the Borrower from time to time upon request in a form
acceptable to the Issuing Lender; provided, however, that (i) the aggregate
amount of LOC Obligations shall not at any time exceed TWENTY MILLION DOLLARS
($20,000,000) (the “LOC Committed Amount”), (ii) the sum of the aggregate
amount of outstanding Revolving Loans plus outstanding Swingline Loans plus
outstanding LOC Obligations shall not at any time exceed the Revolving
Committed Amount then in effect, (iii) all Letters of Credit shall be
denominated in U.S. Dollars and (iv) Letters of Credit shall be issued for any
lawful corporate purposes, including in connection with workers’ compensation
and other insurance programs. Except as otherwise expressly agreed upon by all
the Revolving Lenders, no Letter of Credit shall have an original expiry date
more than twelve (12) months from the date of issuance; provided, however, so
long as no Default or Event of Default has occurred and is continuing and
subject to the other terms and conditions to the issuance of Letters of Credit
hereunder, the expiry dates of Letters of Credit (other than the Existing
Letters of Credit) may be extended annually or periodically from time to time
on the request of the Borrower or by operation of the terms of the applicable
Letter of Credit to a date not more than twelve (12) months from the date of
extension; provided, further, that no Letter of Credit, as originally issued or
as extended, shall have an expiry date extending beyond the date that is thirty
(30) days prior to the Revolving Commitment Termination Date. Each Letter of
Credit shall comply with the related LOC Documents. The issuance and expiry
date of each Letter of Credit shall be a Business Day. Any Letters of Credit
issued hereunder shall be in a minimum original face amount of $100,000. The
Borrower’s reimbursement obligations in respect of each Existing Letter of
Credit, and each Lender’s participation obligations in connection therewith,
shall be governed by the terms of this Credit Agreement. Notwithstanding any
term in this Credit Agreement or in the LOC Documents to the contrary, the
Existing Letters of Credit shall not be renewed or extended beyond the
applicable expiration dates in effect on the Closing Date.

     V. Notice and Reports. The request for the issuance of a Letter of Credit
shall be submitted to the Issuing Lender at least five (5) Business Days prior
to the requested date of

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issuance. The Issuing Lender will promptly upon request provide to the
Administrative Agent for dissemination to the Revolving Lenders a detailed
report specifying the Letters of Credit which are then issued and outstanding
and any activity with respect thereto which may have occurred since the date of
any prior report, and including therein, among other things, the account party,
the beneficiary, the face amount, expiry date as well as any payments or
expirations which may have occurred. The Issuing Lender will further provide
to the Administrative Agent promptly upon request copies of the Letters of
Credit. The Issuing Lender will provide to the Administrative Agent promptly
upon request a summary report of the nature and extent of LOC Obligations then
outstanding.

     W. Participations. Each Revolving Lender, (i) on the Closing Date with
respect to each Existing Letter of Credit and (ii) upon issuance of any other
Letter of Credit (or upon a Person becoming a Revolving Lender hereunder),
shall be deemed to have purchased without recourse a risk participation from
the Issuing Lender in such Letter of Credit and the obligations arising
thereunder and any collateral relating thereto, in each case in an amount equal
to its Revolving Commitment Percentage of the obligations under such Letter of
Credit and shall absolutely, unconditionally and irrevocably assume, as primary
obligor and not as surety, and be obligated to pay to the Issuing Lender
therefor and discharge when due, its Revolving Commitment Percentage of the
obligations arising under such Letter of Credit. Without limiting the scope
and nature of each Revolving Lender’s participation in any Letter of Credit, to
the extent that the Issuing Lender has not been reimbursed as required
hereunder or under any LOC Document, each such Revolving Lender shall pay to
the Issuing Lender its Revolving Commitment Percentage of such unreimbursed
drawing in same day funds on the day of notification by the Issuing Lender of
an unreimbursed drawing pursuant to and in accordance with the provisions of
subsection (d) hereof. The obligation of each Revolving Lender to so reimburse
the Issuing Lender shall be absolute and unconditional and shall not be
affected by the occurrence of a Default, an Event of Default or any other
occurrence or event. Any such reimbursement shall not relieve or otherwise
impair the obligation of the Borrower to reimburse the Issuing Lender under any
Letter of Credit, together with interest as hereinafter provided.

     X. Reimbursement. In the event of any drawing under any Letter of Credit,
the Issuing Lender will promptly notify the Borrower and the Administrative
Agent. The Borrower shall reimburse the Issuing Lender on the day of drawing
under any Letter of Credit (either with the proceeds of a Revolving Loan
obtained hereunder or otherwise) in same day funds as provided herein or in the
LOC Documents. If the Borrower shall fail to reimburse the Issuing Lender as
provided herein, the unreimbursed amount of such drawing shall bear interest at
a per annum rate equal to the ABR Default Rate. Unless the Borrower shall
immediately notify the Issuing Lender and the Administrative Agent of its
intent to otherwise reimburse the Issuing Lender, the Borrower shall be deemed
to have requested a Mandatory LOC Borrowing in the amount of the drawing as
provided in subsection (e) hereof, the proceeds of which will be used to
satisfy the reimbursement obligations. The Borrower’s reimbursement
obligations hereunder shall be absolute and unconditional under all
circumstances irrespective of any rights of set-off, counterclaim or defense to
payment the Borrower may claim or have against the Issuing Lender, the
Administrative Agent, the Lenders, the beneficiary of the Letter of Credit
drawn upon or any other Person, including without limitation any defense based
on any failure of the Borrower to receive consideration or the legality,
validity, regularity or unenforceability of the Letter of Credit. The Issuing
Lender will promptly notify the other Revolving Lenders of the amount of

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any unreimbursed drawing and each Revolving Lender shall promptly pay to
the Administrative Agent for the account of the Issuing Lender, in Dollars and
in immediately available funds, the amount of such Revolving Lender’s Revolving
Commitment Percentage of such unreimbursed drawing. Such payment shall be made
on the day such notice is received by such Revolving Lender from the Issuing
Lender if such notice is received at or before 2:00 P.M., otherwise such
payment shall be made at or before 12:00 Noon on the Business Day next
succeeding the day such notice is received. If such Revolving Lender does not
pay such amount to the Issuing Lender in full upon such request, such Revolving
Lender shall, on demand, pay to the Administrative Agent for the account of the
Issuing Lender interest on the unpaid amount during the period from the date of
such drawing until such Revolving Lender pays such amount to the Issuing Lender
in full at a rate per annum equal to, if paid within two (2) Business Days of
the date of drawing, the Federal Funds Effective Rate and thereafter at a rate
equal to the Alternate Base Rate. Each Revolving Lender’s obligation to make
such payment to the Issuing Lender, and the right of the Issuing Lender to
receive the same, shall be absolute and unconditional, shall not be affected by
any circumstance whatsoever and without regard to the termination of this
Credit Agreement or the Commitments hereunder, the existence of a Default or
Event of Default or the acceleration of the Credit Party Obligations hereunder
and shall be made without any offset, abatement, withholding or reduction
whatsoever.

     Y. Repayment with Revolving Loans. On any day on which the Borrower shall
have requested, or been deemed to have requested, a Revolving Loan to reimburse
a drawing under a Letter of Credit, the Administrative Agent shall give notice
to the Revolving Lenders that a Revolving Loan has been requested or deemed
requested in connection with a drawing under a Letter of Credit, in which case
a Revolving Loan borrowing comprised entirely of Alternate Base Rate Loans
(each such borrowing, a “Mandatory LOC Borrowing”) shall be immediately made
(without giving effect to any termination of the Commitments pursuant to
Section 7.2) pro rata based on each Revolving Lender’s respective Revolving
Commitment Percentage (determined before giving effect to any termination of
the Commitments pursuant to Section 7.2) and the proceeds thereof shall be paid
directly to the Issuing Lender for application to the respective LOC
Obligations. Each Revolving Lender hereby irrevocably agrees to make such
Revolving Loans on the day such notice is received by the Revolving Lenders
from the Administrative Agent if such notice is received at or before 2:00
P.M., otherwise such payment shall be made at or before 12:00 Noon on the
Business Day next succeeding the day such notice is received, in each case
notwithstanding (i) the amount of Mandatory LOC Borrowing may not comply with
the minimum amount for borrowings of Revolving Loans otherwise required
hereunder, (ii) whether any conditions specified in Section 4.2 are then
satisfied, (iii) whether a Default or an Event of Default then exists, (iv)
failure for any such request or deemed request for Revolving Loan to be made by
the time otherwise required in Section 2.1(b), (v) the date of such Mandatory
LOC Borrowing, or (vi) any reduction in the Revolving Committed Amount after
any such Letter of Credit may have been drawn upon. In the event that any
Mandatory LOC Borrowing cannot for any reason be made on the date otherwise
required above (including, without limitation, as a result of the commencement
of a proceeding under the Bankruptcy Code with respect to the Borrower), then
each such Revolving Lender hereby agrees that it shall forthwith fund (as of
the date the Mandatory LOC Borrowing would otherwise have occurred, but
adjusted for any payments received from the Borrower on or after such date and
prior to such purchase) its Participation Interests in the outstanding LOC
Obligations; provided, further, that in the event any Revolving Lender shall
fail to fund its Participation Interest on the day the Mandatory LOC

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Borrowing would otherwise have occurred, then the amount of such Revolving
Lender’s unfunded Participation Interest therein shall bear interest payable by
such Revolving Lender to the Issuing Lender upon demand, at the rate equal to,
if paid within two (2) Business Days of such date, the Federal Funds Effective
Rate, and thereafter at a rate equal to the Alternate Base Rate.

     Z. Modification, Extension. The issuance of any supplement, modification,
amendment, renewal, or extension to any Letter of Credit shall, for purposes
hereof, be treated in all respects the same as the issuance of a new Letter of
Credit hereunder.

     AA. Uniform Customs and Practices. The Issuing Lender shall have the
Letters of Credit be subject to The Uniform Customs and Practice for
Documentary Credits, as published as of the date of issue by the International
Chamber of Commerce (the “UCP”), in which case the UCP may be incorporated
therein and deemed in all respects to be a part thereof.

     BB. Designation of Subsidiaries as Account Parties. Notwithstanding
anything to the contrary set forth in this Agreement, including without
limitation Section 2.3(a), a Letter of Credit issued hereunder may contain a
statement to the effect that such Letter of Credit is issued for the account of
a Subsidiary of the Borrower; provided that, notwithstanding such statement,
the Borrower shall be the actual account party for all purposes of this
Agreement for such Letter of Credit and such statement shall not affect the
Borrower’s reimbursement obligations hereunder with respect to such Letter of
Credit.

     CC. Repayment in Respect of Participation Interests. At any time after
the Issuing Lender has made a payment under any Letter of Credit and has
received from any Lender such Lender’s funded Participation Interest in such
LOC Obligations in accordance with Section 2.3(e), if the Administrative Agent
receives for the account of the Issuing Lender from the Borrower any payment in
respect of such LOC Obligations, the Administrative Agent will distribute to
such Lender its pro rata share of such payment made by the Borrower based on
such Lender’s Revolving Commitment Percentage thereof (appropriately adjusted,
in the case of interest payments, to reflect the period of time during which
such Lender’s payment on its Participation Interest was outstanding) in the
same funds as those received by the Administrative Agent.

     8. Swingline Loan Subfacility.

     DD. Swingline Commitment. During the Commitment Period, subject to the
terms and conditions hereof, the Swingline Lender, in its individual capacity,
agrees to make certain revolving credit loans to the Borrower (each a
“Swingline Loan” and, collectively, the “Swingline Loans”) for the purposes
hereinafter set forth; provided, however, (i) the aggregate amount of Swingline
Loans outstanding at any time shall not exceed TEN MILLION DOLLARS
($10,000,000) (the “Swingline Committed Amount”), and (ii) the sum of the
outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding
LOC Obligations shall not exceed the Revolving Committed Amount. Swingline
Loans hereunder may be repaid and reborrowed in accordance with the provisions
hereof.

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     EE. Swingline Loan Borrowings.

(i) Notice of Borrowing and Disbursement. The Swingline Lender will make
Swingline Loans available to the Borrower on any Business Day upon delivery of
a Notice of Borrowing by the Borrower to the Administrative Agent not later
than 2:00 P.M. on such Business Day. Swingline Loan borrowings hereunder shall
be made in minimum amounts of $100,000 and in integral amounts of $100,000 in
excess thereof.

(ii) Repayment of Swingline Loans. Each Swingline Loan borrowing shall be due
and payable on the Revolving Commitment Termination Date. The Swingline Lender
may, at any time, in its sole discretion, by written notice to the Borrower and
the Administrative Agent, demand repayment of its Swingline Loans by way of a
Revolving Loan borrowing, in which case the Borrower shall be deemed to have
requested a Revolving Loan borrowing comprised entirely of Alternate Base Rate
Loans in the amount of such Swingline Loans; provided, however, that, in the
following circumstances, any such demand shall also be deemed to have been
given one Business Day prior to each of (A) the Revolving Commitment
Termination Date, (B) the occurrence of any Bankruptcy Event, (C) upon
acceleration of the Credit Party Obligations hereunder, whether on account of a
Bankruptcy Event or any other Event of Default, and (D) the exercise of
remedies in accordance with the provisions of Section 7.2 hereof (each such
Revolving Loan borrowing made on account of any such deemed request therefor as
provided herein being hereinafter referred to as “Mandatory Swingline
Borrowing”). Each Revolving Lender hereby irrevocably agrees to make such
Revolving Loans promptly upon any such request or deemed request on account of
each Mandatory Swingline Borrowing in the amount and in the manner specified in
the preceding sentence and on the same such date notwithstanding (1) the amount
of Mandatory Swingline Borrowing may not comply with the minimum amount for
borrowings of Revolving Loans otherwise required hereunder, (2) whether any
conditions specified in Section 4.2 are then satisfied, (3) whether a Default
or an Event of Default then exists, (4) failure of any such request or deemed
request for Revolving Loans to be made by the time otherwise required in
Section 2.1(b)(i), (5) the date of such Mandatory Swingline Borrowing, or (6)
any reduction in the Revolving Committed Amount or termination of the Revolving
Commitments immediately prior to such Mandatory Swingline Borrowing or
contemporaneously therewith. In the event that any Mandatory Swingline
Borrowing cannot for any reason be made on the date otherwise required above
(including, without limitation, as a result of the commencement of a proceeding
under the Bankruptcy Code), then each Revolving Lender hereby agrees that it
shall forthwith purchase (as of the date the Mandatory Swingline Borrowing
would otherwise have occurred, but adjusted for any payments received from the
Borrower on or after such date and prior to such purchase) from the Swingline
Lender such participations in the outstanding Swingline Loans as shall be
necessary to cause each such Revolving Lender to share in such Swingline Loans
ratably based upon its respective Revolving Commitment Percentage (determined
before giving effect to any termination of the Commitments pursuant to Section
7.2); provided that (x) all interest payable on the Swingline Loans shall be
for the account of the Swingline Lender until the date as of which the
respective participation is purchased, and (y) at the time any purchase of
participations pursuant to this sentence is actually made, the purchasing
Revolving Lender shall be required to pay to the Swingline Lender interest on
the principal amount of such participation purchased for each day from and
including the day upon which the Mandatory Swingline Borrowing would otherwise
have occurred to but excluding the date of payment for such participation, at
the rate equal to, if paid within two (2) Business Days of the date of the
Mandatory Swingline Borrowing, the Federal Funds Effective Rate, and thereafter
at a rate equal to the Alternate Base Rate.

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     FF. Interest on Swingline Loans. Subject to the provisions of Section
2.9(b), Swingline Loans shall bear interest at a per annum rate equal to the
Alternate Base Rate plus the Applicable Percentage for Revolving Loans that are
Alternate Base Rate Loans. Interest on Swingline Loans shall be payable in
arrears on each Interest Payment Date.

     GG. Swingline Note. The Swingline Loans shall be evidenced by a duly
executed promissory note of the Borrower to the Swingline Lender in the
original amount of the Swingline Committed Amount and substantially in the form
of Schedule 2.4(d).

     HH. Repayments of Participations. At any time after any Lender has
purchased and funded a risk participation in a Swingline Loan in accordance
with clause (b) above, if the Swingline Lender receives any payment on account
of such Swingline Loan, the Swingline Lender will distribute to such Lender its
pro rata share (based on its Revolving Commitment 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 Swingline Lender

     9. Incremental Facility.

     Subject to the terms and conditions set forth herein, the Borrower shall
have the right, at any time and from time to time, to incur additional
Indebtedness under this Credit Agreement in the form of one or more additional
term loan facilities (each an “Incremental Facility”) by an aggregate amount of
up to $100,000,000. The following terms and conditions shall apply to each
Incremental Facility: (a) the loans made under any such Incremental Facility
(each an “Additional Loan”) shall constitute Credit Party Obligations and will
be secured and guaranteed with the other Loans on a pari passu basis, (b) the
interest rate margin applicable to such Incremental Facility shall be the
Applicable Percentage for the Tranche B Term Loan (c) the weighted average life
and final maturity applicable to any such Incremental Facility shall be
determined at the time such Incremental Facility is made available (provided
that (i) such Incremental Facility shall mature no earlier than the Tranche B
Term Loan Maturity Date and (ii) no greater than 5% of the Incremental Facility
shall amortize prior to the date that is one year before the Tranche B Term
Loan Maturity Date), (d) any such Incremental Facility shall be entitled to the
same voting rights as the existing Loans and shall be entitled to receive
proceeds of prepayments on the same basis as comparable Loans, (e) any such
Incremental Facility shall be obtained from existing Lenders or from other
banks, financial institutions or investment funds, in each case in accordance
with the terms set forth below, (f) any such Incremental Facility shall be in a
minimum principal amount of $25,000,000 and integral multiples of $1,000,000 in
excess thereof, (g) the proceeds of any Additional Loan will be used to finance
capital expenditures and working capital and other general corporate purposes,
including Permitted Acquisitions, (h) the conditions to Extensions of Credit in
Section 4.2 shall have been satisfied and (i) the Administrative Agent shall
have received from the Borrower updated financial projections and an officer’s
certificate, in each case in form and substance satisfactory to the
Administrative Agent, demonstrating that, after giving effect to any such
Incremental Facility, the Borrower will be in compliance with the financial
covenants set forth in Section 5.9. Participation in any such Incremental
Facility hereunder shall be offered first to each of the existing Lenders, but
each such Lender shall have no obligation to provide all or any portion of such
Incremental Facility. If the amount of the Incremental Facility requested by
the Borrower

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shall exceed the commitments which the existing Lenders are willing to provide
with respect to such Incremental Facility, then the Borrower may invite other
banks, financial institutions and investment funds reasonably acceptable to the
Administrative Agent to join this Credit Agreement as Lenders hereunder for the
portion of such Incremental Facility not taken by existing Lenders, provided
that such other banks, financial institutions and investment funds shall enter
into such joinder agreements to give effect thereto as the Administrative Agent
and the Borrower may reasonably request. The Administrative Agent is
authorized to enter into, on behalf of the Lenders, any amendment to this
Credit Agreement or any other Credit Document as may be necessary to
incorporate the terms of any new Incremental Facility therein.

     10. Fees.

     II. Commitment Fee. In consideration of the Revolving Commitment, the
Borrower agrees to pay to the Administrative Agent, for the ratable benefit of
the Revolving Lenders, a commitment fee (the “Commitment Fee”) in an amount
equal to the Applicable Percentage per annum on the average daily unused amount
of the Revolving Committed Amount. For purposes of computation of the
Commitment Fee, LOC Obligations shall be considered usage but Swingline Loans
shall not be considered usage of the Revolving Committed Amount. The
Commitment Fee shall be payable quarterly in arrears on the last Business Day
of each calendar quarter.

     JJ. Letter of Credit Fees. In consideration of the LOC Commitments, the
Borrower agrees to pay to the Administrative Agent, for the ratable benefit of
the Revolving Lenders, a fee (the “Letter of Credit Fee”) equal to the
Applicable Percentage for Revolving Loans that are LIBOR Rate Loans per annum
on the average daily maximum amount available to be drawn under each Letter of
Credit from the date of issuance to the date of expiration. In addition to
such Letter of Credit Fee, the Borrower agrees to pay to the Issuing Lender,
for its own account without sharing by the other Lenders, an additional
fronting fee (the “Fronting Fee”) of one-eighth of one percent (0.125%) per
annum on the average daily maximum amount available to be drawn under each such
Letter of Credit issued by it. The Letter of Credit Fee and the Fronting Fee
shall each be payable quarterly in arrears on the last Business Day of each
calendar quarter.

     KK. Issuing Lender Fees. In addition to the Letter of Credit Fees and
Fronting Fees payable pursuant to subsection (b) hereof, the Borrower shall pay
to the Issuing Lender for its own account without sharing by the other Lenders
the reasonable and customary charges from time to time of the Issuing Lender
with respect to the amendment, transfer, administration, cancellation and
conversion of, and drawings under, such Letters of Credit (collectively, the
“Issuing Lender Fees”).

     LL. Administrative Fee. The Borrower agrees to pay to the Administrative
Agent the annual administrative fee as described in the Fee Letter.

     MM. Ticking Fee. The Borrower agrees to pay to the Administrative Agent,
for the pro rata benefit of the Term Loan Lenders, a ticking fee (the “Ticking
Fee”) in an amount equal to 0.375% per annum on the aggregate amount of the
Tranche B Term Loan Committed Amount (computed on the basis of the actual
number of days elapsed over a 360-day year), which Ticking Fee shall accrue
from the Closing Date to, and shall be payable in full to the

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Administrative Agent on, the earlier to occur of (i) the Tranche B Term
Loan Funding Date and (ii) sixty (60) days after the Closing Date, regardless
of whether the Tranche B Term Loan Funding Date actually occurs (the “Ticking
Fee Payment Date”). With respect to any Person that becomes a Term Loan Lender
in connection with the primary syndication of the Tranche B Term Loan, such
Term Loan Lender shall be entitled to receive its pro rata share of the Ticking
Fee for the period (A) from the Closing Date to the Ticking Fee Payment Date if
such Person executes and delivers to the Administrative Agent a forward
purchase confirmation, in form and substance satisfactory to the Administrative
Agent, within seven (7) Business Days following the Closing Date, or (B) from
the date such Person executes and delivers to the Administrative Agent a
forward purchase confirmation (to the extent delivered on or after the eighth
(8th) Business Day following the Closing Date), in form and substance
satisfactory to the Administrative Agent, to the Ticking Fee Payment Date.

     11. Commitment Reductions.

     NN. Voluntary Reductions. The Borrower shall have the right to terminate
or permanently reduce the unused portion of the Revolving Committed Amount at
any time or from time to time upon not less than five (5) Business Days’ prior
written notice to the Administrative Agent (which shall notify the Lenders
thereof as soon as practicable) of each such termination or reduction, which
notice shall specify the effective date thereof and the amount of any such
reduction which shall be in a minimum amount of $5,000,000 or a whole multiple
of $1,000,000 in excess thereof and shall be irrevocable and effective upon
receipt by the Administrative Agent; provided that no such reduction or
termination shall be permitted if after giving effect thereto, and to any
prepayments of the Revolving Loans made on the effective date thereof, the sum
of the then outstanding aggregate principal amount of the outstanding Revolving
Loans plus outstanding Swingline Loans plus outstanding LOC Obligations would
exceed the Revolving Committed Amount then in effect.

     OO. Maturity Date. The Revolving Commitment, the LOC Commitment and the
Swingline Commitment shall automatically terminate on the Revolving Commitment
Termination Date, unless terminated sooner pursuant to Section 7.2.

     12. Prepayments.

     PP. Optional Prepayments. The Borrower shall have the right to prepay
Loans in whole or in part from time to time; provided, however, that each
partial prepayment of LIBOR Rate Loans shall be in a minimum principal amount
of $5,000,000 and integral multiples of $1,000,000 in excess thereof, and each
partial prepayment of Base Rate Loans and/or a Swingline Loan shall be in a
minimum principal amount of $500,000 and integral multiples of $100,000 in
excess thereof. The Borrower shall give three (3) Business Days’ irrevocable
notice in the case of LIBOR Rate Loans and same-day irrevocable notice on any
Business Day in the case of Alternate Base Rate Loans, to the Administrative
Agent (which shall notify the Lenders thereof as soon as practicable). To the
extent that the Borrower elects to prepay the Tranche B Term Loans, amounts
prepaid under this Section 2.8(a) shall be applied, first, to the immediately
next-following four scheduled installments of principal payable with respect to
the Tranche B Term Loans, in the order of their maturity, then to the remaining
scheduled installments of principal payable with respect to the Tranche B Term
Loans, in the inverse order of maturity,

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each such application to be made, first to Alternate Base Rate Loans and
then to LIBOR Rate Loans in direct order of Interest Period maturities. All
prepayments under this Section 2.8(a) shall be subject to Section 2.17, but
otherwise without premium or penalty. Interest on the principal amount prepaid
shall be payable on the next occurring Interest Payment Date that would have
occurred had such loan not been prepaid or, at the request of the
Administrative Agent, interest on the principal amount prepaid shall be payable
on any date that a prepayment is made hereunder through the date of prepayment.
Amounts prepaid on the Revolving Loans and the Swingline Loans may be
reborrowed in accordance with the terms hereof. Amounts prepaid on the Tranche
B Term Loan may not be reborrowed.

     QQ. Mandatory Prepayments.

(i) Revolving Committed Amount. If at any time after the Closing Date, the sum
of the aggregate principal amount of outstanding Revolving Loans plus
outstanding Swingline Loans plus outstanding LOC Obligations shall exceed the
Revolving Committed Amount then in effect, the Borrower immediately shall
prepay the Revolving Loans and Swingline Loans and (after all Revolving Loans
and Swingline Loans have been repaid) cash collateralize the LOC Obligations in
an amount sufficient to eliminate such excess.

(ii) Excess Cash Flow. Within ninety (90) days after the end of each fiscal
year (commencing with the fiscal year ending October 29, 2005), the Borrower
shall prepay the Loans and/or cash collateralize the LOC Obligations in an
amount equal to the sum of (A) 50% of the Excess Cash Flow earned during such
prior fiscal year minus (B) the aggregate amount of voluntary prepayments of
the Term Loans made during such prior fiscal year pursuant to Section 2.8(a);
provided, that if the Leverage Ratio is less than or equal to 2.50 to 1.0 as of
the end of any fiscal year, the Borrower shall not be required to prepay the
Loans and/or cash collateralize the LOC Obligations on account of the Excess
Cash Flow earned during such prior fiscal year. Any payments of Excess Cash
Flow shall be applied as set forth in clause (vii) below.

(iii) Asset Dispositions. Promptly following any Asset Disposition (or related
series of Asset Dispositions), the Borrower shall prepay the Loans and/or cash
collateralize the LOC Obligations in an aggregate amount equal to 100% of the
Net Cash Proceeds derived from such Asset Disposition (or related series of
Asset Dispositions) (such prepayment to be applied as set forth in clause (vii)
below); provided, however, that such Net Cash Proceeds shall not be required to
be so applied (A) until the aggregate amount of Asset Dispositions in any
fiscal year is equal to or greater than $250,000 and (B) to the extent the
Borrower delivers to the Administrative Agent a certificate stating that it
intends to use such Net Cash Proceeds to acquire fixed or capital assets
(including fixed or capital assets acquired by reason of a Permitted
Acquisition) which will become Collateral in replacement of the disposed assets
within 180 days of the receipt of such Net Cash Proceeds, it being expressly
agreed that any Net Cash Proceeds not reinvested within such 180 day period
shall be applied to repay the Loans and/or cash collateralize the LOC
Obligations immediately thereafter.

(iv) Debt Issuances. Immediately upon receipt by any Credit Party or any of
its Subsidiaries of proceeds from any Debt Issuance, the Borrower shall prepay
the Loans and/or cash collateralize the LOC Obligations in an aggregate amount
equal to 100% of the Net Cash Proceeds of such Debt Issuance (such prepayment
to be applied as set forth in clause (vii)

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below); provided, however, that such Net Cash Proceeds shall not be required to
be so applied to the extent the Borrower delivers to the Administrative Agent a
certificate stating that it intends to use such Net Cash Proceeds to finance a
Permitted Acquisition within 90 days (provided that (A) if during such 90 day
period any Credit Party enters into a definitive purchase agreement or binding
letter of intent with respect to a Permitted Acquisition and (B) if the
Leverage Ratio as of the most recent fiscal quarter ended prior to such Debt
Issuance is less than 3.0 to 1.0, then within 180 days) of the receipt of such
Net Cash Proceeds, it being expressly agreed that any Net Cash Proceeds not
used in connection with a Permitted Acquisition within such period shall be
applied to repay the Loans and/or cash collateralize the LOC Obligations
immediately thereafter.

(v) Issuances of Equity. Immediately upon receipt by any Credit Party or any
of its Subsidiaries of proceeds from any Equity Issuance, the Borrower shall
prepay the Loans and/or cash collateralize the LOC Obligations in an aggregate
amount equal to 50% of the Net Cash Proceeds of such Equity Issuance (such
prepayment to be applied as set forth in clause (vii) below); provided,
however, that such Net Cash Proceeds shall not be required to be so applied to
the extent the Borrower delivers to the Administrative Agent a certificate
stating that it intends to use such Net Cash Proceeds to finance a Permitted
Acquisition within 90 days (provided that (A) if during such 90 day period any
Credit Party enters into a definitive purchase agreement or binding letter of
intent with respect to a Permitted Acquisition and (B) if the Leverage Ratio as
of the most recent fiscal quarter ended prior to such Equity Issuance is less
than 3.0 to 1.0, then within 180 days) of the receipt of such Net Cash
Proceeds, it being expressly agreed that any Net Cash Proceeds not used in
connection with a Permitted Acquisition within such period shall be applied to
repay the Loans and/or cash collateralize the LOC Obligations immediately
thereafter.

(vi) Recovery Event. To the extent Net Cash Proceeds received in connection
with any Recovery Event are not used to acquire fixed or capital assets in
replacement of the assets subject to such Recovery Event within 180 days of the
receipt of such Net Cash Proceeds, immediately following the 180th day
occurring after the receipt of such Net Cash Proceeds, the Borrower shall
prepay the Loans and/or cash collateralize the LOC Obligations in an aggregate
amount equal to one hundred percent (100%) of such Net Cash Proceeds not so
used (such prepayment to be applied as set forth in clause (vii) below);
provided that the Net Cash Proceeds from Recovery Events in any fiscal year
shall not be required to be so applied until the aggregate amount of such Net
Cash Proceeds is equal to or greater than $250,000.

(vii) Application of Mandatory Prepayments. All amounts required to be paid
pursuant to this Section 2.8(b) shall be applied as follows: (A) with respect
to all amounts prepaid pursuant to Section 2.8(b)(i), (1) first to the
outstanding Swingline Loans, (2) second to the outstanding Revolving Loans and
(3) third, to a cash collateral account in respect of LOC Obligations and (B)
with respect to all amounts prepaid pursuant to Sections 2.8(b)(ii) through
(vi), (1) first to the Tranche B Term Loan (pro rata to the remaining
amortization payments set forth in Section 2.2(b)); (2) second to outstanding
Swingline Loans (without a corresponding permanent reduction in the Revolving
Committed Amount), (3) third to the outstanding Revolving Loans (without a
corresponding permanent reduction in the Revolving Committed Amount) and (4)
fourth to a cash collateral account in respect of LOC Obligations. Within the
parameters of the applications set forth above, prepayments shall be applied
first to Alternate Base Rate Loans and then to LIBOR Rate Loans in direct order
of Interest Period maturities. All

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prepayments under this Section 2.8(b) shall be subject to Section 2.17 and be
accompanied by interest on the principal amount prepaid through the date of
prepayment.

     RR. Hedging Obligations Unaffected. Any repayment or prepayment made
pursuant to this Section 2.8 shall not affect the Borrower’s obligation to
continue to make payments under any Secured Hedging Agreement, which shall
remain in full force and effect notwithstanding such repayment or prepayment,
subject to the terms of such Secured Hedging Agreement.

     13. Default Rate and Payment Dates.

     SS. If all or a portion of the principal amount of any Loan which is a
LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in
accordance with the provisions of Section 2.10 (whether at the stated maturity,
by acceleration or otherwise), such overdue principal amount of such Loan shall
be converted to an Alternate Base Rate Loan at the end of the Interest Period
applicable thereto.

     TT. (i) If all or a portion of the principal amount of any LIBOR Rate Loan
shall not be paid when due, such overdue amount shall bear interest at a rate
per annum which is equal to the rate that would otherwise be applicable thereto
plus 2%, until the end of the Interest Period applicable thereto, and
thereafter at a rate per annum which is equal to the Alternate Base Rate plus
the sum of the Applicable Percentage then in effect for Alternate Base Rate
Loans and 2% (the “ABR Default Rate”) or (ii) if any interest payable on the
principal amount of any Loan or any fee or other amount, including the
principal amount of any Alternate Base Rate Loan, payable hereunder shall not
be paid when due (whether at the stated maturity, by acceleration or
otherwise), such overdue amount shall bear interest at a rate per annum which
is equal to the ABR Default Rate, in each case from the date of such
non-payment until such amount is paid in full (after as well as before
judgment). Furthermore, upon the occurrence, and during the continuance, of
any Event of Default hereunder, at the option of the Required Lenders, the
principal of and, to the extent permitted by law, interest on the Loans and any
other amounts owing hereunder or under the other Credit Documents shall bear
interest, payable on demand, at a per annum rate which is (A) in the case of
principal, the rate that would otherwise be applicable thereto plus 2% or (B)
in the case of interest, fees or other amounts, the ABR Default Rate (after as
well as before judgment).

     UU. Interest on each Loan shall be payable in arrears on each Interest
Payment Date; provided that interest accruing pursuant to paragraph (b) of this
Section 2.9 shall be payable from time to time on demand.

     14. Conversion Options.

     VV. The Borrower may, in the case of the Revolving Loans and the Tranche B
Term Loan, elect from time to time to convert Alternate Base Rate Loans to
LIBOR Rate Loans by giving the Administrative Agent at least three Business
Days’ prior irrevocable written notice of such election. In addition, the
Borrower may elect from time to time to convert LIBOR Rate Loans to Alternate
Base Rate Loans by giving the Administrative Agent irrevocable written notice
by 11:00 A.M. one Business Date prior to the proposed date of conversion. A
form of Notice of Conversion is attached as Schedule 2.10. If the date upon
which an Alternate Base

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Rate Loan is to be converted to a LIBOR Rate Loan is not a Business Day,
then such conversion shall be made on the next succeeding Business Day. All or
any part of outstanding Alternate Base Rate Loans may be converted as provided
herein; provided that (i) no Loan may be converted into a LIBOR Rate Loan when
any Default or Event of Default has occurred and is continuing and (ii) partial
conversions shall be in an aggregate principal amount of $5,000,000 or a whole
multiple of $1,000,000 in excess thereof. LIBOR Rate Loans may only be
converted to alternate Base Rate Loans on the last day of the applicable
Interest Period. If the date upon which a LIBOR Rate Loan is to be converted
to an Alternate Base Rate Loan is not a Business Day, then such conversion
shall be made on the next succeeding Business Day and during the period from
such last day of an Interest Period to such succeeding Business Day such Loan
shall bear interest as if it were an Alternate Base Rate Loan.

     WW. Any LIBOR Rate Loans may be continued as such upon the expiration of
an Interest Period with respect thereto by compliance by the Borrower with the
notice provisions contained in Section 2.10(a); provided, that no LIBOR Rate
Loan may be continued as such when any Default or Event of Default has occurred
and is continuing, in which case such Loan shall be automatically converted to
an Alternate Base Rate Loan at the end of the applicable Interest Period with
respect thereto. If the Borrower shall fail to give timely notice of an
election to continue a LIBOR Rate Loan, or the continuation of LIBOR Rate Loans
is not permitted hereunder, such LIBOR Rate Loans shall be automatically
converted to Alternate Base Rate Loans at the end of the applicable Interest
Period with respect thereto.

     15. Computation of Interest and Fees.

     XX. Interest payable hereunder with respect to any Alternate Base Rate
Loan based on the Prime Rate shall be calculated on the basis of a year of 365
days (or 366 days, as applicable) for the actual days elapsed. All fees,
interest and all other amounts payable hereunder shall be calculated on the
basis of a 360 day year for the actual days elapsed. The Administrative Agent
shall as soon as practicable notify the Borrower and the Lenders of each
determination of a LIBOR Rate on the Business Day of the determination thereof.
Any change in the interest rate on a Loan resulting from a change in the
Alternate Base Rate shall become effective as of the opening of business on the
day on which such change in the Alternate Base Rate shall become effective.
The Administrative Agent shall as soon as practicable notify the Borrower and
the Lenders of the effective date and the amount of each such change.

     YY. Each determination of an interest rate by the Administrative Agent
pursuant to any provision of this Credit Agreement shall be conclusive and
binding on the Borrower and the Lenders in the absence of manifest error. The
Administrative Agent shall, at the request of the Borrower, deliver to the
Borrower a statement showing the computations used by the Administrative Agent
in determining any interest rate.

     ZZ. It is the intent of the Lenders and the Credit Parties to conform to
and contract in strict compliance with applicable usury law from time to time
in effect. All agreements between the Lenders and the Credit Parties are
hereby limited by the provisions of this paragraph which shall override and
control all such agreements, whether now existing or hereafter arising and
whether written or oral. In no way, nor in any event or contingency (including
but not limited to prepayment or acceleration of the maturity of any
Obligation), shall the interest taken, reserved,

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contracted for, charged, or received under this Credit Agreement, under
the Notes or otherwise, exceed the maximum nonusurious amount permissible under
applicable law. If, from any possible construction of any of the Credit
Documents or any other document, interest would otherwise be payable in excess
of the maximum nonusurious amount, any such construction shall be subject to
the provisions of this paragraph and such interest shall be automatically
reduced to the maximum nonusurious amount permitted under applicable law,
without the necessity of execution of any amendment or new document. If any
Lender shall ever receive anything of value which is characterized as interest
on the Loans under applicable law and which would, apart from this provision,
be in excess of the maximum nonusurious amount, an amount equal to the amount
which would have been excessive interest shall, without penalty, be applied to
the reduction of the principal amount owing on the Loans and not to the payment
of interest, or refunded to the Borrower or other payor thereof if and to the
extent such amount which would have been excessive exceeds such unpaid
principal amount of the Loans. The right to demand payment of the Loans or any
other Indebtedness evidenced by any of the Credit Documents does not include
the right to receive any interest which has not otherwise accrued on the date
of such demand, and the Lenders do not intend to charge or receive any unearned
interest in the event of such demand. All interest paid or agreed to be paid
to the Lenders with respect to the Loans shall, to the extent permitted by
applicable law, be amortized, prorated, allocated, and spread throughout the
full stated term (including any renewal or extension) of the Loans so that the
amount of interest on account of such indebtedness does not exceed the maximum
nonusurious amount permitted by applicable law.

     16. Pro Rata Treatment and Payments.

     AAA. Allocation of Payments Before Event of Default. Each borrowing of
Revolving Loans and any reduction of the Revolving Commitments shall be made
pro rata according to the respective Revolving Commitment Percentages of the
Lenders. Each payment under this Credit Agreement or any Note shall be
applied, first, to any fees then due and owing by the Borrower pursuant to
Section 2.6, second, except as set forth in Section 2.8(a), to interest then
due and owing hereunder and under the Notes and, third, to principal then due
and owing hereunder and under the Notes. Each payment on account of any fees
pursuant to Section 2.6 shall be made pro rata in accordance with the
respective amounts due and owing (except as to the Fronting Fees and the
Issuing Lender Fees). Each payment (other than prepayments) by the Borrower on
account of principal of and interest on the Revolving Loans and on the Tranche
B Term Loan shall be applied to such Loans as directed by the Borrower or
otherwise applied in accordance with the terms of Section 2.8(a) hereof. Each
optional prepayment on account of principal of the Loans shall be applied in
accordance with Section 2.8(a); provided, that prepayments made pursuant to
Section 2.17 shall be applied in accordance with such Section. Each mandatory
prepayment on account of principal of the Loans shall be applied in accordance
with Section 2.8(b). All payments (including prepayments) to be made by the
Borrower on account of principal, interest and fees shall be made without
defense, set-off or counterclaim (except as provided in Section 2.18(b)) and
shall be made to the Administrative Agent for the account of the Lenders at the
Administrative Agent’s office specified on Section 9.2 in Dollars and in
immediately available funds not later than 1:00 P.M. on the date when due. The
Administrative Agent shall distribute such payments to the Lenders entitled
thereto promptly upon receipt in like funds as received. If any payment
hereunder (other than payments on the LIBOR Rate Loans) becomes due and payable
on a day other than a Business Day, such payment shall be extended to

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the next succeeding Business Day, and, with respect to payments of
principal, interest thereon shall be payable at the then applicable rate during
such extension. If any payment on a LIBOR Rate 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.

     BBB. Allocation of Payments After Exercise of Remedies. Notwithstanding
any other provisions of this Credit Agreement to the contrary, after the
exercise of remedies (other than the invocation of default interest pursuant to
Section 2.9(b) by the Administrative Agent or the Lenders pursuant to Section
7.2 (or after the Commitments shall automatically terminate and the Loans (with
accrued interest thereon) and all other amounts under the Credit Documents
(including without limitation the maximum amount of all contingent liabilities
under Letters of Credit) shall automatically become due and payable in
accordance with the terms of such Section), all amounts collected or received
by the Administrative Agent or any Lender on account of the Credit Party
Obligations or any other amounts outstanding under any of the Credit Documents
or in respect of the Collateral shall be paid over or delivered as follows:

	 	 	     FIRST, to the payment of all reasonable out-of-pocket costs and
expenses (including without limitation reasonable attorneys’ fees) of the
Administrative Agent in connection with enforcing the rights of the
Lenders under the Credit Documents and any protective advances made by
the Administrative Agent with respect to the Collateral under or pursuant
to the terms of the Collateral Documents;
	 
	 	 	     SECOND, to the payment of any fees owed to the Administrative Agent;
	 
	 	 	     THIRD, to the payment of all reasonable out-of-pocket costs and
expenses (including without limitation, reasonable attorneys’ fees) of
each of the Lenders in connection with enforcing its rights under the
Credit Documents or otherwise with respect to the Credit Party
Obligations owing to such Lender;
	 
	 	 	     FOURTH, to the payment of all of the Credit Party Obligations
consisting of accrued fees and interest, including, with respect to any
Secured Hedging Agreement, any fees, premiums and scheduled periodic
payments due under such Secured Hedging Agreement and any interest
accrued thereon;
	 
	 	 	     FIFTH, to the payment of the outstanding principal amount of the
Credit Party Obligations and the payment or cash collateralization of the
outstanding LOC Obligations, including, with respect to any Secured
Hedging Agreement, any breakage, termination or other payments due under
such Hedging Agreement and any interest accrued thereon;
	 
	 	 	     SIXTH, to all other Credit Party Obligations and other obligations
which shall have become due and payable under the Credit Documents or
otherwise and not repaid pursuant to clauses “FIRST” through “FIFTH”
above; and

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	 	 	     SEVENTH, to the payment of the surplus, if any, to whoever may be
lawfully entitled to receive such surplus.
	 
	 	 	In carrying out the foregoing, (i) amounts received shall be applied in
the numerical order provided until exhausted prior to application to the
next succeeding category; (ii) each of the Lenders and any Hedging
Agreement Providers shall receive an amount equal to its pro rata share
(based on the proportion that the then outstanding Loans and LOC
Obligations held by such Lender or the outstanding obligations payable to
such Hedging Agreement Provider bears to the aggregate then outstanding
Loans, LOC Obligations and obligations payable under all Secured Hedging
Agreements) of amounts available to be applied pursuant to clauses
“THIRD”, “FOURTH”, “FIFTH” and “SIXTH” above; and (iii) to the extent
that any amounts available for distribution pursuant to clause “FIFTH”
above are attributable to the issued but undrawn amount of outstanding
Letters of Credit, such amounts shall be held by the Administrative Agent
in a cash collateral account and applied (A) first, to reimburse the
Issuing Lender from time to time for any drawings under such Letters of
Credit and (B) then, following the expiration of all Letters of Credit,
to all other obligations of the types described in clauses “FIFTH” and
“SIXTH” above in the manner provided in this Section 2.12(b).
Notwithstanding the foregoing terms of this Section 2.12(b), only
Collateral proceeds and payments under the Guaranty shall be applied to
obligations under any Secured Hedging Agreement.

     17. Non-Receipt of Funds by the Administrative Agent.

     CCC. Unless the Administrative Agent shall have been notified in writing
by a Lender prior to the date a Loan is to be made by such Lender (which notice
shall be effective upon receipt) that such Lender does not intend to make the
proceeds of such Loan available to the Administrative Agent, the Administrative
Agent may assume that such Lender has made such proceeds available to the
Administrative Agent on such date, and the Administrative Agent may in reliance
upon such assumption (but shall not be required to) make available to the
Borrower a corresponding amount. If such corresponding amount is not in fact
made available to the Administrative Agent, the Administrative Agent shall be
able to recover such corresponding amount from such Lender. If such Lender
does not pay such corresponding amount forthwith upon the Administrative
Agent’s demand therefor, the Administrative Agent will promptly notify the
Borrower, and the Borrower shall immediately pay such corresponding amount to
the Administrative Agent. The Administrative Agent shall also be entitled to
recover from the Lender or the Borrower, as the case may be, interest on such
corresponding amount in respect of each day from the date such corresponding
amount was made available by the Administrative Agent to the Borrower to the
date such corresponding amount is recovered by the Administrative Agent at a
per annum rate equal to (i) from the Borrower at the applicable rate for the
applicable borrowing pursuant to the Notice of Borrowing and (ii) from a Lender
at the Federal Effective Funds Rate.

     DDD. Unless the Administrative Agent shall have been notified in writing
by the Borrower, prior to the date on which any payment is due from it
hereunder (which notice shall be effective upon receipt) that the Borrower does
not intend to make such payment, the Administrative Agent may assume that the
Borrower has made such payment when due, and the Administrative Agent may in
reliance upon such assumption (but shall not be required to) make

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available to each Lender on such payment date an amount equal to the
portion of such assumed payment to which such Lender is entitled hereunder, and
if the Borrower has not in fact made such payment to the Administrative Agent,
such Lender shall, on demand, repay to the Administrative Agent the amount made
available to such Lender. If such amount is repaid to the Administrative Agent
on a date after the date such amount was made available to such Lender, such
Lender shall pay to the Administrative Agent on demand interest on such amount
in respect of each day from the date such amount was made available by the
Administrative Agent to such Lender to the date such amount is recovered by the
Administrative Agent at a per annum rate equal to the Federal Funds Effective
Rate.

     EEE. A certificate of the Administrative Agent submitted to the Borrower
or any Lender with respect to any amount owing under this Section 2.13 shall be
conclusive in the absence of manifest error.

     18. Inability to Determine Interest Rate.

     Notwithstanding any other provision of this Credit Agreement, if (i) the
Administrative Agent shall reasonably determine (which determination shall be
conclusive and binding absent manifest error) that, by reason of circumstances
affecting the relevant market, reasonable and adequate means do not exist for
ascertaining LIBOR for such Interest Period, or (ii) the Required Lenders shall
reasonably determine (which determination shall be conclusive and binding
absent manifest error) that the LIBOR Rate does not adequately and fairly
reflect the cost to such Lenders of funding LIBOR Rate Loans that the Borrower
has requested be outstanding as a LIBOR Tranche during such Interest Period,
the Administrative Agent shall forthwith give telephone notice of such
determination, confirmed in writing, to the Borrower, and the Lenders at least
two Business Days prior to the first day of such Interest Period. Unless the
Borrower shall have notified the Administrative Agent upon receipt of such
telephone notice that it wishes to rescind or modify its request regarding such
LIBOR Rate Loans, any Loans that were requested to be made as LIBOR Rate Loans
shall be made as Alternate Base Rate Loans and any Loans that were requested to
be converted into or continued as LIBOR Rate Loans shall remain as or be
converted into Alternate Base Rate Loans. Until any such notice has been
withdrawn by the Administrative Agent, no further Loans shall be made as,
continued as, or converted into, LIBOR Rate Loans for the Interest Periods so
affected.

     19. Illegality.

     Notwithstanding any other provision of this Credit Agreement, if the
adoption of or any change in any Requirement of Law or in the interpretation or
application thereof by the relevant Governmental Authority to any Lender shall
make it unlawful for such Lender or its LIBOR Lending Office to make or
maintain LIBOR Rate Loans as contemplated by this Credit Agreement or to obtain
in the interbank eurodollar market through its LIBOR Lending Office the funds
with which to make such Loans, (a) such Lender shall promptly notify the
Administrative Agent and the Borrower thereof, (b) the commitment of such
Lender hereunder to make LIBOR Rate Loans or continue LIBOR Rate Loans as such
shall forthwith be suspended until the Administrative Agent shall give notice
that the condition or situation which gave rise to the suspension shall no
longer exist, and (c) such Lender’s Loans then outstanding as LIBOR Rate Loans,
if any, shall be converted on the last day of the Interest Period for such
Loans or within

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such earlier period as required by law as Alternate Base Rate Loans. The
Borrower hereby agrees promptly to pay any Lender, upon its demand, any
additional amounts necessary to compensate such Lender for actual and direct
costs (but not including anticipated profits) reasonably incurred by such
Lender in making any repayment in accordance with this Section including, but
not limited to, any interest or fees payable by such Lender to lenders of funds
obtained by it in order to make or maintain its LIBOR Rate Loans hereunder. A
certificate as to any additional amounts payable pursuant to this Section
submitted by such Lender, through the Administrative Agent, to the Borrower
shall be conclusive in the absence of manifest error. Each Lender agrees to
use reasonable efforts (including reasonable efforts to change its LIBOR
Lending Office) to avoid or to minimize any amounts which may otherwise be
payable pursuant to this Section; provided, however, that such efforts shall
not cause the imposition on such Lender of any additional costs or legal or
regulatory burdens deemed by such Lender in its sole discretion to be material.

     20. Requirements of Law.

     FFF. 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 made subsequent to the date hereof:

(i) shall subject such Lender to any tax of any kind whatsoever with respect to
any Letter of Credit, any participation therein or any application relating
thereto, any LIBOR Rate Loan made by it, or change the basis of taxation of
payments to such Lender in respect thereof (except for 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 funds by, any office of such Lender
which is not otherwise included in the determination of the LIBOR Rate
hereunder; 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
of making or maintaining LIBOR Rate Loans or the Letters of Credit or the
participations therein or to reduce any amount receivable hereunder or under
any Note, then, in any such case, the Borrower shall promptly pay such Lender,
upon its demand, any additional amounts necessary to compensate such Lender for
such additional cost or reduced amount receivable which such Lender reasonably
deems to be material as determined by such Lender with respect to its LIBOR
Rate Loans or Letters of Credit. A certificate as to any additional amounts
payable pursuant to this Section submitted by such Lender, through the
Administrative Agent, to the Borrower shall be conclusive in the absence of
manifest error; provided that the Borrower shall not be required to compensate
a Lender pursuant to this Section for any additional amounts due and owing to
the extent such Lender shall have failed to give notice to the Borrower within
90 days after such Lender became aware of the event or occurrence giving rise
to such additional amounts. Each Lender agrees to use reasonable efforts
(including reasonable efforts to change its Domestic

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Lending Office or LIBOR Lending Office, as the case may be) to avoid or to
minimize any amounts which might otherwise be payable pursuant to this
paragraph of this Section; provided, however, that such efforts shall not cause
the imposition on such Lender of any additional costs or legal or regulatory
burdens reasonably deemed by such Lender to be material.

     GGG. If any Lender shall have reasonably 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 central bank
or Governmental Authority made subsequent to the date hereof does or 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, within
fifteen (15) days after demand by such Lender, the Borrower shall pay to such
Lender such additional amount as shall be certified by such Lender as being
required to compensate it for such reduction. Such a certificate as to any
additional amounts payable under this Section submitted by a Lender (which
certificate shall include a description of the basis for the computation),
through the Administrative Agent, to the Borrower shall be conclusive absent
manifest error.

     HHH. The agreements in this Section 2.16 shall survive the termination of
this Credit Agreement and payment of the Notes and all other amounts payable
hereunder.

     21. Indemnity.

     The Borrower hereby agrees to indemnify each Lender and to hold such
Lender harmless from any funding loss or expense which such Lender may sustain
or incur as a consequence of (a) the failure by the Borrower to pay the
principal amount of or interest on any Loan by such Lender in accordance with
the terms hereof, (b) the failure of the Borrower to accept a borrowing after
the Borrower has given a notice in accordance with the terms hereof, (c) the
failure of the Borrower to make any prepayment after the Borrower has given a
notice in accordance with the terms hereof, and/or (d) the making by the
Borrower of a prepayment of a Loan, or the conversion thereof, on a day which
is not the last day of the Interest Period with respect thereto, in each case
including, but not limited to, any such loss or expense arising from interest
or fees payable by such Lender to lenders of funds obtained by it in order to
maintain its Loans hereunder. A certificate as to any additional amounts
payable pursuant to this Section submitted by any Lender, through the
Administrative Agent, to the Borrower (which certificate must be delivered to
the Administrative Agent within thirty days following such default, prepayment
or conversion) shall be conclusive in the absence of manifest error. The
agreements in this Section shall survive termination of this Credit Agreement
and payment of the Notes and all other amounts payable hereunder.

     22. Taxes.

     III. All payments made by the Borrower hereunder or under any Note will
be, except as provided in Section 2.18(b), made free and clear of, and without
deduction or withholding for, any present or future taxes, levies, imposts,
duties, fees, assessments or other charges of

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whatever nature now or hereafter
imposed by any Governmental Authority or by any political subdivision or taxing
authority thereof or therein with respect to such payments (but excluding any
tax imposed on or measured by the net income or profits of a Lender pursuant to
the laws of the jurisdiction in which it is organized or the jurisdiction in
which the principal office or applicable lending office of such Lender is
located or any subdivision thereof or therein) and all interest, penalties or
similar liabilities with respect thereto (all such non-excluded taxes, levies,
imposts, duties, fees, assessments or other charges being referred to
collectively as “Taxes”). If any Taxes are so levied or imposed, the Borrower
agrees to pay the full amount of such Taxes, and such additional amounts as may
be necessary so that every payment of all amounts due under this Credit
Agreement or under any Note, after withholding or deduction for or on account
of any Taxes, will not be less than the amount provided for herein or in such
Note, except that the Borrower shall not be obligated to pay any such taxes,
charges or similar levies that are incurred or payable by any Person in
connection with any assignment referred to in Section 9.6(c), any participation
referred to in Section 9.6(b) or any pledge or security interest referred to in
Section 9.6(h). The Borrower will furnish to the Administrative Agent as soon
as practicable after the date the payment of any Taxes is due pursuant to
applicable law certified copies (to the extent reasonably available and
required by law) of tax receipts evidencing such payment by the Borrower. The
Borrower agrees to indemnify and hold harmless each Lender, and reimburse such
Lender upon its written request, for the amount of any Taxes so levied or
imposed and paid by such Lender.

     JJJ. Each Lender that is not a United States person (as such term is
defined in Section 7701(a)(30) of the Code) agrees to deliver to the Borrower
and the Administrative Agent on or prior to the Closing Date, or in the case of
a Lender that is an assignee or transferee of an interest under this Credit
Agreement pursuant to Section 9.6(d) (unless the respective Lender was already
a Lender hereunder immediately prior to such assignment or transfer), on the
date of such assignment or transfer to such Lender, (i) if the Lender is a
“bank” within the meaning of Section 881(c)(3)(A) of the Code, two accurate and
complete original signed copies of Internal Revenue Service Form W-8BEN, W-8ECI
or W-8IMY (or successor forms) certifying such Lender’s entitlement to a
complete exemption from United States withholding tax with respect to payments
to be made under this Credit Agreement and under any Note, or (ii) if the
Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code,
either Internal Revenue Service Form W-8BEN, W-8ECI or W-8IMY as set forth in
clause (i) above, or (x) a certificate in substantially the form of Schedule
2.18 (any such certificate, a “Tax Exempt Certificate”) and (y) two accurate
and complete original signed copies of Internal Revenue Service Form W-8BEN (or
successor form) certifying such Lender’s entitlement to an exemption from
United States withholding tax with respect to payments of interest to be made
under this Credit Agreement and under any Note. In addition, each Lender
agrees that it will deliver upon the Borrower’s request updated versions of the
foregoing, as applicable, whenever the previous certification has become
obsolete or inaccurate in any material respect, together with such other forms
as may be required in order to confirm or establish the entitlement of such
Lender to a continued exemption from or reduction in United States withholding
tax with respect to payments under this Credit Agreement and any Note.
Notwithstanding anything to the contrary contained in Section 2.18(a), but
subject to the immediately succeeding sentence, (x) the

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Borrower shall be entitled, to the extent it is required to do so by law,
to deduct or withhold Taxes imposed by the United States (or any political
subdivision or taxing authority thereof or therein) from interest, fees or
other amounts payable hereunder for the account of any Lender which is not a
United States person (as such term is defined in Section 7701(a)(30) of the
Code) for U.S. federal income tax purposes to the extent that such Lender has
not provided to the Borrower U.S. Internal Revenue Service Forms that establish
a complete exemption from such deduction or withholding and (y) the Borrower
shall not be obligated pursuant to Section 2.18(a) hereof to gross-up payments
to be made to a Lender in respect of Taxes imposed by the United States if (I)
such Lender has not provided to the Borrower the Internal Revenue Service Forms
required to be provided to the Borrower pursuant to this Section 2.18(b) or
(II) in the case of a payment, other than interest, to a Lender described in
clause (ii) above, to the extent that such Forms do not establish a complete
exemption from withholding of such Taxes. Notwithstanding anything to the
contrary contained in the preceding sentence or elsewhere in this Section 2.18,
the Borrower agrees to pay additional amounts and to indemnify each Lender in
the manner set forth in Section 2.18(a) (without regard to the identity of the
jurisdiction requiring the deduction or withholding) in respect of any amounts
deducted or withheld by it as described in the immediately preceding sentence
as a result of any changes after the Closing Date in any applicable law,
treaty, governmental rule, regulation, guideline or order, or in the
interpretation thereof, relating to the deducting or withholding of Taxes.

     KKK. Each Lender agrees to use reasonable efforts (including reasonable
efforts to change its Domestic Lending Office or LIBOR Lending Office, as the
case may be) to avoid or to minimize any amounts which might otherwise be
payable pursuant to this Section; provided, however, that such efforts shall
not cause the imposition on such Lender of any additional costs or legal or
regulatory burdens deemed by such Lender in its sole discretion to be material.

     LLL. If the Borrower pays any additional amount pursuant to this Section
2.18 with respect to a Lender, such Lender shall use reasonable efforts to
obtain a refund of tax or credit against its tax liabilities on account of such
payment; provided that such Lender shall have no obligation to use such
reasonable efforts if either (i) it is in an excess foreign tax credit position
or (ii) it believes in good faith, in its sole discretion, that claiming a
refund or credit would cause adverse tax consequences to it. In the event that
such Lender receives such a refund or credit, such Lender shall pay to the
Borrower an amount that such Lender reasonably determines is equal to the net
tax benefit obtained by such Lender as a result of such payment by the
Borrower. In the event that no refund or credit is obtained with respect to
the Borrower’s payments to such Lender pursuant to this Section 2.18, then such
Lender shall upon request provide a certification that such Lender has not
received a refund or credit for such payments. Nothing contained in this
Section 2.18 shall require a Lender to disclose or detail the basis of its
calculation of the amount of any tax benefit or any other amount or the basis
of its determination referred to in the proviso to the first sentence of this
Section 2.18 to the Borrower or any other party.

     MMM. The agreements in this Section 2.18 shall survive the termination of
this Credit Agreement and the payment of the Notes and all other amounts
payable hereunder.

     23. Indemnification; Nature of Issuing Lender’s Duties.

     NNN. In addition to its other obligations under Section 2.3, the Borrower
hereby agrees to protect, indemnify, pay and save the Issuing Lender and each
Revolving Lender harmless from and against any and all claims, demands,
liabilities, damages, losses, costs, charges and

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expenses (including reasonable
attorneys’ fees) that the Issuing Lender or such Revolving Lender may incur or
be subject to as a consequence, direct or indirect, of (i) the issuance of any
Letter of Credit or (ii) the failure of the Issuing Lender to honor a drawing
under a Letter of Credit as a result of any act or omission, whether rightful
or wrongful, of any present or future de jure or de facto government or
Governmental Authority (all such acts or omissions, herein called “Government
Acts”).

     OOO. As between the Borrower and the Issuing Lender and each Revolving
Lender, the Borrower shall assume all risks of the acts, omissions or misuse of
any Letter of Credit by the beneficiary thereof. Neither the Issuing Lender
nor any Revolving Lender shall be responsible: (i) for the form, validity,
sufficiency, accuracy, genuineness or legal effect of any document submitted by
any party in connection with the application for and issuance of any Letter of
Credit, even if it should in fact prove to be in any or all respects invalid,
insufficient, inaccurate, fraudulent or forged; (ii) for the validity or
sufficiency of any instrument transferring or assigning or purporting to
transfer or assign any Letter of Credit or the rights or benefits thereunder or
proceeds thereof, in whole or in part, that may prove to be invalid or
ineffective for any reason; (iii) for failure of the beneficiary of a Letter of
Credit to comply fully with conditions required in order to draw upon a Letter
of Credit; (iv) for errors, omissions, interruptions or delays in transmission
or delivery of any messages, by mail, cable, telegraph, telex or otherwise,
whether or not they be in cipher; (v) for errors in interpretation of technical
terms; (vi) for any loss or delay in the transmission or otherwise of any
document required in order to make a drawing under a Letter of Credit or of the
proceeds thereof; and (vii) for any consequences arising from causes beyond the
control of the Issuing Lender or any Revolving Lender, including, without
limitation, any Government Acts. None of the above shall affect, impair, or
prevent the vesting of the Issuing Lender’s rights or powers hereunder.

     PPP. In furtherance and extension and not in limitation of the specific
provisions hereinabove set forth, any action taken or omitted by the Issuing
Lender or any Revolving Lender, under or in connection with any Letter of
Credit or the related certificates, if taken or omitted in the absence of gross
negligence or willful misconduct, shall not put such Issuing Lender or such
Revolving Lender under any resulting liability to the Borrower. It is the
intention of the parties that this Credit Agreement shall be construed and
applied to protect and indemnify the Issuing Lender and each Revolving Lender
against any and all risks involved in the issuance of the Letters of Credit,
all of which risks are hereby assumed by the Borrower, including, without
limitation, any and all risks of the acts or omissions, whether rightful or
wrongful, of any Government Authority. The Issuing Lender and the Revolving
Lenders shall not, in any way, be liable for any failure by the Issuing Lender
or anyone else to pay any drawing under any Letter of Credit as a result of any
Government Acts or any other cause beyond the control of the Issuing Lender and
the Revolving Lenders.

     QQQ. Nothing in this Section 2.19 is intended to limit the reimbursement
obligation of the Borrower contained in Section 2.3(d) hereof. The obligations
of the Borrower under this Section 2.19 shall survive the termination of this
Credit Agreement. No act or omissions of any current or prior beneficiary of a
Letter of Credit shall in any way affect or impair the rights of the

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Issuing Lender and the Revolving Lenders to enforce any right, power or
benefit under this Credit Agreement.

     RRR. Notwithstanding anything to the contrary contained in this Section
2.19, the Borrower shall have no obligation to indemnify the Issuing Lender or
any Revolving Lender in respect of any liability incurred by the Issuing Lender
or such Revolving Lender arising out of the gross negligence or willful
misconduct of the Issuing Lender (including action not taken by the Issuing
Lender or such Revolving Lender), as determined by a court of competent
jurisdiction or pursuant to arbitration.

     (c)

REPRESENTATIONS AND WARRANTIES

     To induce the Lenders to enter into this Credit Agreement and to make the
Extensions of Credit herein provided for, each of the Credit Parties hereby
represents and warrants to the Administrative Agent and to each Lender that:

     24. Financial Condition.

     SSS. (i) The audited Consolidated financial statements of the Borrower and
its Subsidiaries for the fiscal years ended 2001, 2002 and 2003, together with
the related Consolidated statements of income or operations, equity and cash
flows for the fiscal years ended on such dates, (ii) the unaudited Consolidated
financial statements of the Borrower and its Subsidiaries for the six-month
period ending on the last day of the month that ended immediately prior to the
Closing Date, together with the related Consolidated statements of income or
operations, equity and cash flows for the six-month period ending on such date
and (iii) a pro forma balance sheet of the Borrower and its Subsidiaries,
giving effect to the initial borrowings and the other transactions contemplated
to occur on the Closing Date, as of the last day of the month that ended
immediately prior to the date twenty (20) days prior to the Closing Date:

were prepared in accordance with GAAP consistently applied throughout the
period covered thereby, except as otherwise expressly noted therein;

fairly present the financial condition of the Borrower and its Subsidiaries as
of the date thereof (subject, in the case of the unaudited financial
statements, to normal year-end adjustments and the absence of footnotes) and
results of operations for the period covered thereby; and

with respect to clause (a)(i) above, show all material Indebtedness and other
liabilities, direct or contingent, of the Borrower and its Subsidiaries as of
the date thereof, including liabilities for taxes, material commitments and
contingent obligations.

     TTT. The projections of the Borrower and its Subsidiaries delivered to the
Administrative Agent on or prior to the Closing Date (consisting of balance
sheets and statements of income and cash flows prepared on a quarterly basis
through the first four complete fiscal quarters after the Closing Date and
thereafter on an annual basis through 2010) have been prepared in good faith
based upon reasonable assumptions.

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     25. No Change.

     Since November 1, 2003, there has been no development or event which has
had or that the Borrower has reasonably concluded could be expected to have a
Material Adverse Effect.

     26. Corporate Existence.

     Each of the Credit Parties (a) is duly organized, validly existing and, to
the extent applicable, in good standing under the laws of the jurisdiction of
its organization, (b) has the requisite power and authority and the legal right
to own and operate all its material property, to lease the material property it
operates as lessee and to conduct the business in which it is currently
engaged, and (c) is duly qualified to conduct business and in good standing
under the laws of each jurisdiction except where the failure to be so qualified
could not reasonably be expected to have a Material Adverse Effect. The
jurisdictions in which the Credit Parties as of the Closing Date are organized
and qualified to do business are described on Schedule 3.3.

     27. Corporate Power; Authorization; Enforceable Obligations.

     Each of the Credit Parties has full power and authority and the legal
right to make, deliver and perform the Credit Documents to which it is party
and has taken all necessary action to authorize the execution, delivery and
performance by it of the Credit Documents to which it is party. 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 or performance of any
Credit Document by any of the Credit Parties (other than those which have been
obtained or those with respect to which the Borrower has reasonably concluded
that the failure to obtain could not reasonably be expected to have a Material
Adverse Effect) or with the validity or enforceability of any Credit Document
against any of the Credit Parties (except such filings as are necessary in
connection with the perfection of the Liens created by such Credit Documents).
Each Credit Document to which it is a party has been duly executed and
delivered on behalf of the applicable Credit Party. Each Credit Document to
which it is a party constitutes a legal, valid and binding obligation of each
such Credit Party, enforceable against such Credit 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).

     28. Compliance with Laws; No Conflict; No Default.

     UUU. The execution, delivery and performance by each Credit Party of the
Credit Documents to which such Credit Party is a party, in accordance with
their respective terms, the borrowings hereunder and the transactions
contemplated hereby do not and will not, by the passage of time, the giving of
notice or otherwise, (i) require any Governmental Approval (other than such
Governmental Approvals that have been obtained or made and not subject to
suspension, revocation or termination) or violate any Requirement of Law
relating to such Credit Party, (ii) conflict with, result in a breach of or
constitute a default under the articles of incorporation, bylaws, articles of organization, partnership agreement,
operating agreement or

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other organizational documents of such Credit Party, any
Material Contract to which such Person is a party or by which any of its
properties may be bound or any Governmental Approval relating to such Person,
or (iii) result in or require the creation or imposition of any Lien upon or
with respect to any property now owned or hereafter acquired by such Person
other than Liens arising under the Credit Documents.

     VVV. Each Credit Party (i) (x) has all Governmental Approvals required by
law for it to conduct its business, each of which is in full force and effect,
(y) each such Governmental Approval is final and not subject to review on
appeal and (z) each such Governmental Approval is not the subject of any
pending or, to the best of its knowledge, threatened attack by direct or
collateral proceeding, and (ii) is in compliance with each Governmental
Approval applicable to it and in compliance with all other Requirements of Law
relating to it or any of its respective properties, in each case except to the
extent the failure to obtain such Governmental Approval or failure to comply
with such Governmental Approval or Requirement of Law could not reasonably be
expected to have a Material Adverse Effect. Each Credit Party possesses or has
the right to use, all leaseholds, licenses, easements and franchises and all
authorizations and other rights that are material to and necessary for the
conduct of its business. Except to the extent noncompliance with the foregoing
leaseholds, easements and franchises could not reasonably be expected to have a
Material Adverse Effect, all of the foregoing are in full force and effect, and
the Credit Parties are in substantial compliance with the foregoing without any
known conflict with the valid rights of others. No event has occurred which
permits, or after notice or lapse of time or both would permit, the revocation
or termination of any such Governmental Approval, leasehold, license, easement,
franchise or other right, which termination or revocation could, individually
or in the aggregate, reasonably be expected to have Material Adverse Effect,
except that certain of the leasehold interests of the Credit Parties which,
taken in the aggregate, may be material to the Credit Parties, are tenancies at
will which may be terminated by the lessor thereunder at any time upon delivery
of the requisite notice required by state law.

     WWW. None of the Credit Parties is in default under or with respect to any
of its of its Contractual Obligations, or any judgment, order or decree to
which it is a party, 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.

     29. No Material Litigation.

     No litigation, investigation or proceeding of or before any arbitrator or
Governmental Authority is pending or, to the best knowledge of the Credit
Parties, threatened by or against any of them or against any of their
respective properties or revenues (a) with respect to the Credit Documents or
any Loan or any of the transactions contemplated hereby, or (b) which the
Borrower has reasonably concluded could be expected to have a Material Adverse
Effect.

     30. Investment Company Act; PUHCA.

     None of the Credit Parties (a) is an “investment company”, or a company
“controlled” by an “investment company”, within the meaning of the Investment
Company Act of 1940, as amended or (b) is a “holding company,” or a “subsidiary company” of a “holding company,” or

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an “affiliate” of a “holding company” or of a “subsidiary company”
of a “holding company,” within the meaning of the Public Utility Holding
Company Act of 1935.

     31. Margin Regulations.

     No part of the proceeds of any Loan hereunder will be used directly or
indirectly for any purpose which violates, or which would be inconsistent with,
the provisions of Regulation T, U or X of the Board of Governors of the Federal
Reserve System as now and from time to time hereafter in effect. The Credit
Parties (a) are not engaged, principally or as one of its important activities,
in the business of extending credit for the purpose of “purchasing” or
“carrying” “margin stock” within the respective meanings of each of such terms
under Regulation U and (b) taken as a group do not own “margin stock” except as
identified in the financial statements referred to in Section 3.1 and the
aggregate value of all “margin stock” owned by the Credit Parties taken as a
group does not exceed 25% of the value of their assets.

     32. ERISA.

     Neither a Reportable Event nor an “accumulated funding deficiency” (within
the meaning of Section 412 of the Code or Section 302 of ERISA) 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, and each Plan has complied in all
material respects with the applicable provisions of ERISA and the Code, except
to the extent that any such occurrence or failure to comply would not
reasonably be expected to have a Material Adverse Effect. No termination of a
Single Employer Plan has occurred resulting in any liability that has remained
underfunded, and no Lien in favor of the PBGC or a Plan has arisen, during such
five-year period which could reasonably be expected to have a Material Adverse
Effect. The present value of all accrued benefits under each Single Employer
Plan (based on those assumptions used to fund such Plans) 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 by an amount which, as determined in accordance with
GAAP, could reasonably be expected to have a Material Adverse Effect. Neither
the Borrower, nor any Subsidiary of the Borrower nor any Commonly Controlled
Entity is currently subject to any liability for a complete or partial
withdrawal from a Multiemployer Plan that could reasonably be expected to have
a Material Adverse Effect.

     33. Environmental Matters.

     The Borrower and its Subsidiaries conduct in the ordinary course of
business a review of the effect of existing Environmental Laws and claims
alleging potential liability or responsibility for violation of any
Environmental Law on their respective businesses, operations and properties,
and as a result thereof the Borrower has reasonably concluded that such
Environmental Laws and claims could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect.

     34. Use of Proceeds.

     The proceeds of the Extensions of Credit shall be used (i) to refinance
certain existing Indebtedness of the Borrower, (ii) to pay transaction costs
and expenses associated with this Credit Agreement and (iii) for working
capital, permitted capital expenditures and other general corporate purposes.

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     35. Subsidiaries.

     Set forth on Schedule 3.12 is a complete and accurate list of all
Subsidiaries of the Borrower. Information on such Schedule includes the number
of shares of each class of Capital Stock or other equity interests outstanding;
the number and percentage of outstanding shares of each class of stock owned by
the Credit Parties or any of their Subsidiaries; the number and effect, if
exercised, of all outstanding options, warrants, rights of conversion or
purchase and similar rights. The outstanding Capital Stock and other equity
interests of all such Subsidiaries is validly issued, fully paid and
non-assessable and is owned, free and clear of all Liens (other than those
arising under or contemplated in connection with the Credit Documents).

     36. Ownership.

     Each of the Credit Parties is the owner of, and has good and marketable
title to, all of its respective assets, which, together with assets leased or
licensed by the Credit Parties, represents such assets individually or in the
aggregate material to the conduct of the businesses of the Credit Parties,
taken as a whole on the date hereof, and none of such assets is subject to any
Lien other than Permitted Liens. Each Credit Party enjoys peaceful and
undisturbed possession under all of its leases and all such leases are valid
and subsisting and in full force and effect. The Credit Parties have delivered
complete and accurate copies of all material leases to the Administrative
Agent.

     37. Indebtedness.

     Except as otherwise permitted under Section 6.1, the Credit Parties have
no Indebtedness.

     38. Taxes.

     Each of the Credit Parties has filed, or caused to be filed, all tax
returns (federal, state, local and foreign) required to be filed and paid (a)
all amounts of taxes shown thereon to be due (including interest and penalties)
and (b) all other material taxes, fees, assessments and other governmental
charges (including mortgage recording taxes, documentary stamp taxes and
intangibles taxes) owing by it, except for such taxes (i) which are not yet
delinquent or (ii) that are being contested in good faith and by proper
proceedings, and against which adequate reserves are being maintained in
accordance with GAAP. None of the Credit Parties is aware as of the Closing
Date of any proposed tax assessments against it or any of its Subsidiaries
which could reasonably be expected to have a Material Adverse Effect.

     39. Intellectual Property Rights.

     Each of the Credit Parties and their Subsidiaries owns, or has the legal
right to use, all Intellectual Property necessary for each of them to conduct
its business as currently conducted.

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Set forth on Schedule 3.16 is a list of all Intellectual Property owned by each
of the Credit Parties and their Subsidiaries or that the Credit Parties or any
of their Subsidiaries has the right to use. Except as disclosed in Schedule
3.16 hereto, (a) one or more of the Credit Parties has the right to use the
Intellectual Property disclosed in Schedule 3.16 hereto in perpetuity and
without payment of royalties, (b) all registrations with and applications to
Governmental Authorities in respect of such Intellectual Property are valid and
in full force and effect and are not subject to the payment of any taxes or
maintenance fees (except for such taxes and maintenance fees which are not yet
delinquent) or the taking of any interest therein, held by any of the Credit
Parties to maintain their validity or effectiveness, and (c) there are no
restrictions on the direct or indirect transfer of any Contractual Obligation,
or any interest therein, held by any of the Credit Parties in respect of such
Intellectual Property. None of the Credit Parties is in default (or with the
giving of notice or lapse of time or both, would be in default) under any
license to use such Intellectual Property; 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 do the Credit Parties or any of their Subsidiaries know of any
such claim; and, to the knowledge of the Credit Parties or any of their
Subsidiaries, the use of such Intellectual Property by the Credit Parties or
any of their Subsidiaries does not infringe on the rights of any Person. The
Credit Parties have recorded or deposited with and paid to the United States
Copyright Office, the Register of Copyrights, the Copyrights Royalty Tribunal
or other Governmental Authority, all notices, statements of account, royalty
fees and other documents and instruments required under the terms and
conditions of any Contractual Obligation of the Credit Parties and/or under
Title 17 of the United States Code and the rules and regulations issued
thereunder (collectively, the “Copyright Act”), and are not liable to any
Person for copyright infringement under the Copyright Act or any other law,
rule, regulation, contract or license as a result of their business operations.
Schedule 3.16 may be updated from time to time by the Borrower to include new
Intellectual Property by giving written notice thereof to the Administrative
Agent.

     40. Solvency.

     The fair saleable value of the assets of the Credit Parties and their
respective Subsidiaries, taken as a whole and measured on a going concern
basis, exceeds all probable liabilities, including those to be incurred
pursuant to this Credit Agreement. None of the Credit Parties (a) has
unreasonably small capital in relation to the business in which it is or
proposes to be engaged or (b) has incurred, or believes that it will incur
after giving effect to the transactions contemplated by this Credit Agreement,
debts beyond its ability to pay such debts as they become due. In executing
the Credit Documents and consummating the transactions contemplated thereby,
none of the Credit Parties intends to hinder, delay or defraud either present
or future creditors or other Persons to which one or more of the Credit Parties
is or will become indebted.

     41. Investments.

     All Investments of each of the Credit Parties are Permitted Investments.

     42. Location of Collateral.

     Set forth on Schedule 3.19(a) is a list of the properties of the Credit
Parties and their Subsidiaries with street address, county and state where
located. Set forth on Schedule 3.19(b) is a list of all locations where any
tangible personal property of the Credit Parties and their

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Subsidiaries is located, including county and state where located. Set forth on Schedule
3.19(c) is the chief executive office and principal place of business of each
of the Credit Parties and their Subsidiaries. Schedule 3.19(a), 3.19(b) and
3.19(c) may be updated from time to time by the Borrower to include new
properties or locations by giving written notice thereof to the Administrative
Agent.

     43. No Burdensome Restrictions.

     None of the Credit Parties is a party to any agreement or instrument or
subject to any other obligation or any charter or corporate restriction or any
provision of any applicable law, rule or regulation which, individually or in
the aggregate, could reasonably be expected to have a Material Adverse Effect.

     44. Brokers’ Fees.

     None of the Credit Parties and their Subsidiaries has any obligation to
any Person in respect of any finder’s, broker’s, investment banking or other
similar fee in connection with any of the transactions contemplated under the
Credit Documents other than the closing and other fees payable pursuant to this
Credit Agreement and as set forth in the Fee Letter.

     45. Labor Matters.

     There are no collective bargaining agreements or Multiemployer Plans
covering the employees of the Credit Parties as of the Closing Date, other than
as set forth in Schedule 3.22 hereto, and none of the Credit Parties has
suffered any strikes, walkouts, work stoppages or other material labor
difficulty within the last five years, other than as set forth in Schedule 3.22
hereto.

     46. Accuracy and Completeness of Information.

     All factual information heretofore, contemporaneously or hereafter
furnished by or on behalf of the Credit Parties in writing to the
Administrative Agent or any Lender for purposes of or in connection with this
Credit Agreement or any other Credit Document, or any transaction contemplated
hereby or thereby, is or will be true and accurate in all material respects and
not incomplete by omitting to state any material fact necessary to make such
information not misleading. There is no fact now known to any of the Credit
Parties which has, or could reasonably be expected to have, a Material Adverse
Effect which fact has not been set forth herein (including the Schedules
attached hereto), in the financial statements of the Credit Parties furnished
to the Administrative Agent and/or the Lenders, or in any certificate, opinion
or other written statement made or furnished by or on behalf of the Credit
Parties to the Administrative Agent and/or the Lenders.

     47. Material Contracts.

     Schedule 3.24 sets forth a complete and accurate list of all Material
Contracts of the Credit Parties and their Subsidiaries in effect as of the
Closing Date. Other than as set forth in Schedule 3.24, each such Material
Contract is, and after giving effect to the transactions contemplated by the
Credit Documents will be, in full force and effect in accordance with the terms
thereof.

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     48. Insurance.

     The present insurance coverage of the Credit Parties and their
Subsidiaries is outlined as to carrier, policy number, expiration date, type
and amount on Schedule 3.25 and such insurance coverage complies with the
requirements set forth in Section 5.5(b).

     49. Security Documents.

     The Security Documents create valid security interests in, and Liens on,
the Collateral purported to be covered thereby, which security interests and
Liens are currently (or will be, upon the filing of appropriate financing
statements in favor of the Administrative Agent, on behalf of the Lenders, and
on the filing of appropriate termination statements with respect to Liens
securing the obligations of the Credit Parties under the Existing Credit
Agreement) perfected security interests and Liens, prior to all other Liens
other than Permitted Liens.

     50. Classification of Senior Indebtedness.

     The Credit Party Obligations constitute “Senior Indebtedness” and
“Designated Senior Debt” under and as defined in any agreement governing any
Subordinated Debt, including, without limitation, the Senior Subordinated
Notes, and the subordination provisions set forth in each such agreement are
legally valid and enforceable against the parties thereto.

     51. Foreign Assets Control Regulations, Etc.

     Neither any Credit Party nor any of its Subsidiaries is an “enemy” or an
“ally of the enemy” within the meaning of Section 2 of the Trading with the
Enemy Act of the United States of America (50 U.S.C. App. §§ 1 et seq.), as
amended. Neither any Credit Party nor any of its Subsidiaries is in violation
of (a) the Trading with the Enemy Act, as amended, (b) any of the foreign
assets control regulations of the United States Treasury Department (31 CFR,
Subtitle B, Chapter V, as amended) or any enabling legislation or executive
order relating thereto or (c) the Patriot Act. None of the Credit Parties (i)
is a blocked person described in section 1 of the Anti-Terrorism Order or (ii)
to the best of its knowledge, engages in any dealings or transactions, or is
otherwise associated, with any such blocked person.

     (d)

     CONDITIONS PRECEDENT

     52. Conditions to Closing Date.

     This Credit Agreement shall become effective upon, and the obligation of
each Lender to make the initial Revolving Loans, Tranche B Term Loan and the
Swingline Loan on the Closing Date is subject to, the satisfaction of the
following conditions precedent:

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     XXX. Execution of Credit Agreement and Credit Documents. The
Administrative Agent shall have received (i) counterparts of this Credit
Agreement, executed by a duly authorized officer of each party hereto, (ii) for
the account of each Revolving Lender requesting a promissory note, a Revolving
Note, (iii) for the account of the Swingline Lender, the Swingline Note, (ii)
counterparts of the Security Agreement and the Pledge Agreement, in each case
conforming to the requirements of this Credit Agreement and executed by duly
authorized officers of the Credit Parties or other Persons, as applicable and
(iii) counterparts of any other Credit Document, executed by the duly
authorized officers of the parties thereto.

     YYY. Authority Documents. The Administrative Agent shall have received
the following:

(i) Articles of Incorporation; Partnership Agreement. Copies of the articles
or certificate of incorporation or partnership or other charter documents, of
each Credit Party certified to be true and complete as of a recent date by the
appropriate governmental authority of the state of its organization or
formation.

(ii) Resolutions. Copies of resolutions of the board of directors or other
comparable governing body of each Credit Party approving and adopting the
Credit Documents, the transactions contemplated therein and authorizing
execution and delivery thereof, certified by an officer, general partner or
manager of such Credit Party as of the Closing Date to be true and correct and
in force and effect as of such date.

(iii) Bylaws. A copy of the bylaws, partnership agreement or other operating
agreement of each Credit Party certified by an officer, general partner or
manager of such Credit Party as of the Closing Date to be true and correct and
in force and effect as of such date.

(iv) Good Standing. Copies of (i) certificates of good standing, existence or
its equivalent with respect to the each Credit Party certified as of a recent
date by the appropriate governmental authorities of the state of incorporation
and each other state in which such Credit Party is qualified to do business and
(ii) to the extent readily available, a certificate indicating payment of all
corporate and other franchise taxes certified as of a recent date by the
appropriate governmental taxing authorities.

(v) Incumbency. An incumbency certificate of each Credit Party certified by a
secretary or assistant secretary, general partner or manager to be true and
correct as of the Closing Date.

          Each officer’s certificate delivered pursuant to this Section 4.1(b)
shall be substantially in the form of Schedule 4.1(b) hereto.

     ZZZ. Legal Opinions of Counsel. The Administrative Agent shall have
received opinions from counsel to the Credit Parties, dated the Closing Date
and addressed to the

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Administrative Agent and the Lenders, in form and substance acceptable to
the Administrative Agent.

     AAAA. Personal Property Collateral. The Administrative Agent shall have
received, in form and substance satisfactory to the Administrative Agent:

(i) searches of Uniform Commercial Code filings in the jurisdiction of the
chief executive office and the jurisdiction of formation of each Credit Party
and each jurisdiction where any Collateral is located or where a filing would
need to be made in order to perfect the Administrative Agent’s security
interest in the Collateral, copies of the financing statements on file in such
jurisdictions and evidence that no Liens exist other than Permitted Liens;

(ii) UCC financing statements for each appropriate jurisdiction as is
necessary, in the Agents’ discretion, to perfect the Administrative Agent’s
security interest in the Collateral;

(iii) searches of ownership of each Credit Party’s Intellectual Property in the
appropriate governmental offices;

(iv) such patent/trademark/copyright filings as requested by the Agents in
order to perfect the Administrative Agent’s security interest in the Credit
Parties’ Intellectual Property;

(v) all stock certificates, if any, evidencing the Capital Stock pledged to the
Administrative Agent pursuant to the Pledge Agreement, together with duly
executed in blank undated stock powers attached thereto;

(vi) all instruments and chattel paper in the possession of any of the Credit
Parties, together with allonges or assignments as may be necessary or
appropriate to perfect the Administrative Agent’s security interest in the
Collateral;

(vii) duly executed consents as are necessary, in the Agents’ discretion, to
perfect the Lenders’ security interest in the Collateral; and

(viii) in the case of any personal property Collateral located at premises
leased by a Credit Party, such estoppel letters, consents and waivers from the
landlords of such real property that the Borrower is able to obtain by using
its commercially reasonable efforts.

     BBBB. Liability and Casualty Insurance. The Administrative Agent shall
have received (i) a report from a third party acceptable to the Administrative
Agent regarding the Credit Parties’ insurance status and coverage and (ii)
copies of insurance policies or certificates of insurance evidencing liability
and casualty insurance (including, but not limited to, business interruption
insurance) meeting the requirements set forth herein or in the Security
Documents. The Administrative Agent shall be named as loss payee on all
casualty insurance policies and as additional insured on all liability
insurance policies, in each case for the benefit of the Lenders.

     CCCC. Fees. The Agents and the Lenders shall have received all fees, if
any, owing pursuant to the Fee Letter and Section 2.6.

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     DDDD. Litigation. There shall not exist any material pending or, to the
knowledge of the Credit Parties, threatened litigation, investigation,
bankruptcy, insolvency, injunction, order or claim that (i) seeks to enjoin,
restrain, restrict, set aside or prohibit, impose material conditions upon or
obtain substantial damages in respect of the consummation or performance of
this Credit Agreement or the other Credit Documents that has not been settled,
dismissed, vacated, discharged or terminated prior to the Closing Date or (ii)
that the Borrower has reasonably concluded could be expected to have a Material
Adverse Effect.

     EEEE. Solvency Certificate. The Administrative Agent shall have received
an officer’s certificate prepared by the chief financial officer of the
Borrower as to the financial condition, solvency and related matters of the
Credit Parties and their Subsidiaries, after giving effect to the initial
borrowings under the Credit Documents, in substantially the form of Schedule
4.1(h) hereto.

     FFFF. Account Designation Letter. The Administrative Agent shall have
received the executed Account Designation Letter in the form of Schedule 1.1(a)
hereto.

     GGGG. Organizational Structure. The corporate or limited partnership and
capital and ownership structure of the Credit Parties shall be as described on
Schedule 3.12. The Agents shall be satisfied with the management structure,
legal structure, voting control, liquidity, total leverage and total
capitalization of the Credit Parties.

     HHHH. Government Consent. The Administrative Agent shall have received
evidence that all governmental, shareholder and material third party consents
and approvals necessary in connection with the financings and other
transactions contemplated hereby have been obtained and all applicable waiting
periods have expired without any action being taken by any Governmental
Authority that could restrain, prevent or impose any material adverse
conditions on such transactions or that could seek or threaten any of the
foregoing.

     IIII. Compliance with Laws. The financings and other transactions
contemplated hereby shall be in compliance with all Requirements of Law.

     JJJJ. Bankruptcy. There shall be no bankruptcy or insolvency proceedings
with respect to Credit Parties or any of their Subsidiaries.

     KKKK. Existing Indebtedness of the Credit Parties. All of the existing
Indebtedness for borrowed money of the Credit Parties (other than Indebtedness
permitted to exist pursuant to Section 6.1) shall be repaid in full and all
security interests related thereto shall be terminated on the Closing Date.

     LLLL. Financial Statements. The Administrative Agent and the Lenders
shall have received copies of the financial statements referred to in Section
3.1 hereof, each in form and substance satisfactory to it.

     MMMM. No Material Adverse Change. Since November 1, 2003, there has been
no material adverse change in the business, properties, prospects, operations
or condition (financial or otherwise) of the Borrower or of the Credit Parties
and their Subsidiaries, taken as a whole, and there shall not have occurred any
material disruption or material adverse change in the

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financial, banking or capital markets (including the loan syndication
market) that has impaired or would impair the Arrangers’ ability to syndicate
the facilities.

     NNNN. Financial Condition Certificate. The Administrative Agent shall
have received a certificate or certificates executed by a Responsible Officer
of the Borrower as of the Closing Date stating that (i) no action, suit,
investigation or proceeding is pending, ongoing or, to the knowledge of any
Credit Party, threatened in any court or before any other Governmental
Authority that purports to affect any Credit Party or any other transaction
contemplated by the Credit Documents, which action, suit, investigation or
proceeding the Borrower has reasonably concluded could be expected to have a
Material Adverse Effect and (ii) immediately after giving effect to this Credit
Agreement, the other Credit Documents, and all the transactions contemplated
therein to occur on such date, (A) no Default or Event of Default exists, (B)
all representations and warranties contained herein and in the other Credit
Documents are true and correct in all material respects, and (C) the Credit
Parties are in compliance with each of the financial covenants set forth in
Section 5.9 (as demonstrated through detailed calculations of such financial
covenants on an exhibit to such certificate).

     OOOO. Leverage Ratio. The Administrative Agent shall have received
evidence that the Leverage Ratio of the Credit Parties and their Subsidiaries
on a Consolidated basis is not greater than 3.00 to 1.0, calculated on a pro
forma basis giving effect to the initial Extensions of Credit and the
transactions to occur on the Closing Date, as of the most recently ended twelve
month period as of the last day of the month immediately preceding the Closing
Date.

     PPPP. Consolidated EBITDA. The Administrative Agent shall have received
evidence reasonably satisfactory thereto provided by the Borrower that
Consolidated EBITDA is not less than $80,000,000, calculated on a pro forma
basis giving effect to the initial Extensions of Credit and the transactions to
occur on the Closing Date, for the twelve month period ending as of the last
day of the month most recently preceding the Closing Date for which such
statements are available.

     QQQQ. Due Diligence. The Administrative Agent shall have completed its
legal and environmental due diligence of the Borrower and its Subsidiaries with
the scope, content and results of such due diligence to be satisfactory to the
Administrative Agent in its sole discretion.

     RRRR. Patriot Act Certificate. The Administrative Agent shall have
received, at least five (5) Business Days prior to the Closing Date, a
certificate satisfactory thereto, for benefit of itself and the Lenders,
provided by the Borrower that sets forth information required by the Patriot
Act, including, without limitation, the identity of the Credit Parties, the
name and address of the Credit Parties and other information that will allow
the Administrative Agent or any Lender, as applicable, to identify the Credit
Parties in accordance with the Patriot Act.

     SSSS. Credit Rating. The Borrower shall have obtained a senior secured
credit rating on the Facilities from each of Moody’s and S&P.

     TTTT. Additional Matters. All other documents and legal matters in
connection with the transactions contemplated by this Credit Agreement shall be
reasonably satisfactory in form and substance to the Administrative Agent and
its counsel.

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     53. Conditions to All Extensions of Credit.

     The obligation of each Lender to make any Extension of Credit hereunder is
subject to the satisfaction of the following conditions precedent on the date
of making such Extension of Credit:

     UUUU. Representations and Warranties. The representations and warranties
made by the Credit Parties herein, in the Security Documents or which are
contained in any certificate furnished at any time under or in connection
herewith (i) that contain a materiality qualification shall be true and correct
on and as of the date of such Extension of Credit as if made on and as of such
date (except to the extent such representations and warranties expressly relate
to another date in which case such representations and warranties shall be true
and correct as of such date) and (ii) that do not contain a materiality
qualification shall be true and correct in all material respects on and as of
the date of such Extension of Credit as if made on and as of such date (except
for those that expressly related to an earlier date).

     VVVV. No Default or Event of Default. No Default or Event of Default
shall have occurred and be continuing on such date or after giving effect to
the Extension of Credit to be made on such date unless such Default or Event of
Default shall have been waived in accordance with this Credit Agreement.

     WWWW. Compliance with Commitments. Immediately after giving effect to the
making of any such Extension of Credit (and the application of the proceeds
thereof), (i) the sum of outstanding Revolving Loans plus outstanding Swingline
Loans plus LOC Obligations shall not exceed the Revolving Committed Amount,
(ii) the LOC Obligations shall not exceed the LOC Committed Amount and (iii)
the Swingline Loans shall not exceed the Swingline Committed Amount.

     XXXX. Additional Conditions to Revolving Loans. If a Revolving Loan is
requested, all conditions set forth in Section 2.1 shall have been satisfied.

     YYYY. Additional Conditions to Letters of Credit. If the issuance of a
Letter of Credit is requested, all conditions set forth in Section 2.3 shall
have been satisfied.

     ZZZZ. Additional Conditions to Swingline Loans. If a Swingline Loan is
requested, all conditions set forth in Section 2.4 shall have been satisfied.

     AAAAA. Additional Conditions to Incremental Facility. If an Additional
Loan is requested, all conditions set forth in Section 2.5 shall have been
satisfied.

     Each request for an Extension of Credit and each acceptance by the
Borrower of any such Extension of Credit shall be deemed to constitute
representations and warranties by the Credit Parties as of the date of such
Extension of Credit that the conditions set forth above in paragraphs (a)
through (c) and in paragraph (d), (e), (f) or (g), as
applicable, have been satisfied.

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     54. Conditions to Funding of Tranche B Term Loan.

     The obligation of each Term Loan Lender to make its Tranche B Term Loan
Commitment Percentage of the Tranche B Term Loan Committed Amount available to
the Borrower is subject to the satisfaction of the following conditions
precedent:

     BBBBB. Financial Condition Certificate. The Administrative Agent shall
have received a certificate or certificates executed by a Responsible Officer
of the Borrower as of the Tranche B Term Loan Funding Date stating that (i) no
Default or Event of Default exists and (ii) all representations and warranties
made by the Credit Parties herein, in the Security Documents or which are
contained in any certificate furnished at any time under or in connection
herewith (i) that contain a materiality qualification shall be true and correct
on and as of the Tranche B Term Loan Funding Date as if made on and as of such
date (except to the extent such representations and warranties expressly relate
to another date in which case such representations and warranties shall be true
and correct as of such date) and (ii) that do not contain a materiality
qualification shall be true and correct in all material respects on and as of
the Tranche B Term Loan Funding Date as if made on and as of such date (except
for those that expressly related to an earlier date).

     CCCCC. Notice of Borrowing. The Administrative Agent shall have received
a Notice of Borrowing requesting that the Tranche B Term Loan be funded at
least three (3) Business Days prior to the proposed Tranche B Term Loan Funding
Date.

     DDDDD. Repayment of Senior Subordinated Notes. The Administrative Agent
shall have received evidence that all Indebtedness and other obligations of the
Credit Parties and their Subsidiaries under the Senior Subordinated Notes have
been, or concurrently with the Tranche B Term Loan Funding Date are being
terminated and are being paid or satisfied in full (it being understood that
the irrevocable deposit of money sufficient to pay the redemption price of and
accrued interest on all Senior Subordinated Notes with the trustee or with the
paying agent on the Tranche B Term Loan Funding Date shall be sufficient
evidence for this clause (c)).

     EEEEE. Ticking Fee. The Administrative Agent shall have received the
Ticking Fee owing pursuant to Section 2.6(e).

     FFFFF. Tranche B Term Notes. The Administrative Agent shall have received
for the account of each Lender with a Tranche B Term Loan Commitment that has
requested a promissory note at least two (2) Business Days prior to the Tranche
B Term Loan Funding Date, a Tranche B Term Note.

     GGGGG. Solvency Certificate. The Administrative Agent shall have received
an officer’s certificate from the chief financial officer of the Borrower as to
the financial condition, solvency and related matters of each Credit Party
after giving effect to the current borrowings under the Credit Documents, the
funding of the Tranche B Term Loan and the other transactions contemplated
hereby, in substantially the form of Schedule 4.1(h) hereto.

     (e)

     AFFIRMATIVE COVENANTS

     Each Credit Party hereby covenants and agrees that on the Closing Date,
and thereafter for so long as this Credit Agreement is in effect and until the
Commitments have terminated, no Note remains outstanding and unpaid and the
Credit Party Obligations, together with interest, Commitment Fees and all other
amounts owing to the Administrative Agent or any Lender hereunder, are paid in
full, such Credit Party shall, and shall cause each of its Subsidiaries, to:

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     55. Financial Statements.

     Furnish to the Administrative Agent for distribution to the Lenders:

     HHHHH. Annual Financial Statements. As soon as available, and in any
event no later than the earlier of (i) the date the Borrower is required by the
SEC to deliver its Form 10-K for any fiscal year of the Borrower and (ii)
ninety (90) days after the end of each fiscal year of the Borrower, a copy of
the Consolidated balance sheet of the Borrower and its Consolidated
Subsidiaries as at the end of such fiscal year and the related Consolidated
statements of income and retained earnings and of cash flows of the Borrower
and its Consolidated Subsidiaries for such year, audited by a firm of
independent certified public accountants reasonably acceptable to the
Administrative Agent, setting forth in each case in comparative form the
figures for the preceding fiscal year, reported on without a “going concern” or
like qualification or exception, or qualification indicating that the scope of
the audit was inadequate to permit such independent certified public
accountants to certify such financial statements without such qualification;
and

     IIIII. Quarterly Financial Statements. As soon as available, and in any
event no later than the earlier of (i) the date the Borrower is required by the
SEC to deliver its Form 10-Q for any fiscal quarter of the Borrower and (ii)
forty-five (45) days after the end of each of the fiscal quarters of the
Borrower, a company-prepared Consolidated balance sheet of the Borrower and its
consolidated Subsidiaries as at the end of such period and related
company-prepared Consolidated statements of income and retained earnings and of
cash flows for the Borrower and its consolidated Subsidiaries for such
quarterly period and for the portion of the fiscal year ending with such
period, in each case setting forth in comparative form the figures for the
corresponding period or periods of the preceding fiscal year (subject to normal
recurring year-end audit adjustments).

     All such financial statements shall fairly present, in all material
respects, the financial condition and results from operations of the entities
for the periods specified, be prepared in reasonable detail and in accordance
with GAAP (subject, in the case of interim statements, to normal recurring
year-end audit adjustments) applied consistently throughout the periods
reflected therein and be accompanied by a description of, and an estimation of
the effect on the financial statements on account of, a change in the
application of accounting principles as provided in Section 1.3.

     56. Certificates; Other Information.

     Furnish to the Administrative Agent for distribution to the Lenders:

     JJJJJ. concurrently with the delivery of the financial statements referred
to in Section 5.1(a) above, a certificate of the independent certified public
accountants reporting on such

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financial statements stating that in making the examination necessary
therefor no knowledge was obtained of any Default or Event of Default, except
as specified in such certificate;

     KKKKK. concurrently with the delivery of the financial statements referred
to in Sections 5.1(a) and 5.1(b) above, a certificate of a Responsible Officer
substantially in the form of Schedule 5.2(b) (each, a “Compliance Certificate”)
stating that (i) such financial statements present fairly the financial
position of the Borrower and its Consolidated Subsidiaries for the periods
indicated in conformity with GAAP applied on a consistent basis, (ii) each of
the Credit Parties during such period observed or performed in all material
respects all of its covenants and other agreements, and satisfied in all
material respects every condition, contained in this Credit Agreement to be
observed, performed or satisfied by it, and (iii) such Responsible Officer has
obtained no knowledge of any Default or Event of Default except as specified in
such certificate, and including calculations in reasonable detail required to
determine the current Applicable Percentages and to indicate compliance with
Section 5.9 as of the last day of such period;

     LLLLL. within thirty (30) days after the same are sent, copies of all
reports (other than those otherwise provided pursuant to Section 5.1 and those
which are of a promotional nature) and other financial information which the
Borrower sends to its shareholders;

     MMMMM. within ninety (90) days after the end of each fiscal year of the
Borrower, a certificate containing information regarding (i) the calculation of
Excess Cash Flow and (ii) the amount of all Asset Dispositions, Debt Issuances,
and Equity Issuances that were made during the prior fiscal year and amounts
received in connection with any Recovery Event during the prior fiscal year;

     NNNNN. promptly upon receipt thereof, a copy or summary of any other
report, or “management letter” submitted or presented by independent
accountants to the Borrower or any of its Subsidiaries in connection with any
annual, interim or special audit of the books of such Person;

     OOOOO. promptly upon their becoming available, copies of (i) all press
releases and other statements made available generally by the Credit Parties to
the public concerning material developments in the business of the Credit
Parties and their Subsidiaries and (ii) any non-routine correspondence or
official notices received by the Credit Parties or any of their Subsidiaries
from any Governmental Authority which regulates the operations of the Credit
Parties and their Subsidiaries;

     PPPPP. promptly, such additional financial and other information as the
Administrative Agent, on behalf of any Lender, may from time to time reasonably
request;

     QQQQQ. concurrently with the delivery of the financial statements referred
to in Section 5.1(b) above, the Borrower shall provide to the Administrative
Agent a supplement to Schedule 3.16 setting forth a complete and correct list
of all Intellectual Property owned by or licensed to the Credit Parties or any
of their Subsidiaries that (i) is not set forth in Schedule 3.16, or (ii) has
not been set forth in any supplement to Schedule 3.16 previously furnished by
the Borrower to the Administrative Agent pursuant to this Section 5.2(h).

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Documents required to be delivered pursuant to Section 5.1(a) or Section 5.1(b)
may be delivered electronically and if so delivered, shall be deemed to have
been delivered on the date received by the Administrative Agent by electronic
mail with all relevant attachments. The Administrative Agent may post such
documents on the Borrower’s behalf on IntraLinks/IntraAgency or another
relevant website, if any, to which each Lender and the Administrative Agent
have access (whether a commercial, third-party website or whether sponsored by
the Administrative Agent); provided that the Borrower shall deliver paper
copies of such documents to the Administrative Agent upon its request until a
written request to cease delivering paper copies is given by the Administrative
Agent. Notwithstanding anything contained herein, (A) the Borrower shall be
entitled to deliver the Compliance Certificate required by Section 5.2(b) by
electronic mail and if so delivered shall be deemed to have been delivered on
the date received by the Administrative Agent by electronic mail with all
relevant attachments, and (B) whether or not delivery of any Compliance
Certificate required by Section 5.2(b) is effected pursuant to the preceding
clause (A), the Borrower shall be required to provide paper copies of the
Compliance Certificates required by Section 5.2(b) to the Administrative Agent.

     57. Payment of Taxes and Other Obligations.

     Pay, discharge or otherwise satisfy at or before maturity or before they
become delinquent, as the case may be, in accordance with industry practice
(subject, where applicable, to specified grace periods) all its taxes (Federal,
state, local and any other taxes) and other obligations and liabilities of
whatever nature and any additional costs that are imposed as a result of any
failure to so pay, discharge or otherwise satisfy such taxes, obligations and
liabilities, except when the amount or validity of any such taxes, obligations
and liabilities is currently being contested in good faith by appropriate
proceedings and reserves, if applicable, in conformity with GAAP with respect
thereto have been provided on the books of the Credit Parties.

     58. Conduct of Business and Maintenance of Existence.

     Continue to engage in business of the same general type as now conducted
by it on the Closing Date and preserve, renew and keep in full force and effect
its existence and good standing; take all reasonable action to maintain all
rights, privileges and franchises necessary or desirable in the normal conduct
of its business and to maintain its goodwill; comply with all Contractual
Obligations and Requirements of Law applicable to it except to the extent that
failure to comply therewith could not, in the aggregate, reasonably be expected
to have a Material Adverse Effect.

     59. Maintenance of Property; Insurance.

     RRRRR. Keep all material property useful and necessary in its business in
good working order and condition (ordinary wear and tear, damage by casualty
and obsolescence excepted).

     SSSSS. Maintain with financially sound and reputable insurance companies
insurance on all its property (including without limitation its tangible
Collateral) in at least such amounts

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(after giving effect to any self-insurance compatible with the following
requirements) and against at least such risks as are usually insured against in
the same geographical area by companies engaged in the same or a similar
business; and furnish to the Administrative Agent, upon written request, full
information as to the insurance carried. The Administrative Agent shall be
named as lender loss payee or mortgagee, as its interest may appear, and the
Administrative Agent shall be named as an additional insured with respect to
any such insurance providing coverage in respect of any Collateral, and each
provider of any such insurance shall agree, by endorsement upon the policy or
policies issued by it or by independent instruments furnished to the
Administrative Agent, that it will give the Administrative Agent thirty (30)
days prior written notice before any such policy or policies shall be altered
or canceled, and that no act or default of any Credit Party or any other Person
shall affect the rights of the Administrative Agent or the Lenders under such
policy or policies.

     TTTTT. In case of any material loss, damage to or destruction of the
Collateral of any Credit Party or any material part thereof, such Credit Party
shall promptly give written notice thereof to the Administrative Agent
generally describing the nature and extent of such damage or destruction. In
case of any material loss, damage to or destruction of the Collateral of any
Credit Party or any material part thereof, such Credit Party, whether or not
the insurance proceeds, if any, received on account of such damage or
destruction shall be sufficient for that purpose, at such Credit Party’s cost
and expense, will promptly repair or replace the Collateral of such Credit
Party so lost, damaged or destroyed unless such Credit Party shall have
reasonably determined that such repair or replacement of the affected
Collateral is not economically feasible or is not deemed in the best business
interest of such Credit Party.

     60. Inspection of Property; Books and Records; Discussions.

     Keep proper books of records and account in which full, true and correct
entries in conformity with GAAP and all Requirements of Law shall be made of
all dealings and transactions in relation to its businesses and activities; and
permit, during regular business hours and upon reasonable notice by the
Administrative Agent or any Lender (provided, no such prior notice shall be
required following the occurrence and during the continuance of any Default or
Event of Default), the Administrative Agent or any Lender to visit and inspect
any of its properties and examine and make abstracts from any of its books and
records at any reasonable time, and as often as may reasonably be desired, and
to discuss the business, operations, properties and financial and other
condition of the Credit Parties with officers and employees of the Credit
Parties and with their independent certified public accountants; provided,
however, that other than inspections conducted during the existence and
continuance of an Event of Default, no more than two such inspections may be
conducted during any fiscal year.

     61. Notices.

     Immediately after any Credit Party obtains actual knowledge thereof, give
written notice to the Administrative Agent (which shall transmit such notice to
each Lender as soon as practicable) of the occurrence of any Default or Event
of Default, and promptly (but in no event later than two (2) Business Days
after any Credit Party obtains actual knowledge thereof) give written notice of
the following to the Administrative Agent (which shall transmit such notice to
each Lender as soon as practicable):

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     UUUUU. the occurrence of any default or event of default under any
Contractual Obligation of any of the Credit Parties which could reasonably be
expected to have a Material Adverse Effect;

     VVVVV. any litigation, or any investigation or proceeding affecting any of
the Credit Parties which, if adversely determined, could reasonably be expected
to have a Material Adverse Effect;

     WWWWW. (i) the occurrence or expected occurrence of any Reportable Event
with respect to any Plan, a failure to make any required contribution to a
Plan, the creation of any Lien in favor of the PBGC (other than a Permitted
Lien) or a Plan or any withdrawal from, or the termination, Reorganization or
Insolvency of, any Multiemployer Plan or (ii) the institution of proceedings or
the taking of any other action by the PBGC or any Credit Party or any Commonly
Controlled Entity or any Multiemployer Plan with respect to the withdrawal
from, or the terminating, Reorganization or Insolvency of, any Plan;

     XXXXX. any notice of any violation received by any Credit Party from any
Governmental Authority including, without limitation, any notice of violation
of Environmental Laws, which violation could reasonably be expected to have a
Material Adverse Effect;

     YYYYY. any labor controversy that has resulted in, or threatens to result
in, a strike or other work action against any Credit Party which could
reasonably be expected to have a Material Adverse Effect;

     ZZZZZ. any attachment, judgment, lien, levy or order exceeding $5,000,000
that may be assessed against or threatened against any Credit Party other than
Permitted Liens; and

     AAAAAA. any other development or event which could reasonably be expected
to have a Material Adverse Effect.

     Each notice pursuant to this Section 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. In the case of any notice of a Default or Event of Default, the
Borrower shall specify that such notice is a Default or Event of Default notice
on the face thereof.

     62. Environmental Laws.

     BBBBBB. Comply in all material respects with all applicable Environmental
Laws and obtain and comply in all material respects with and maintain any and
all licenses, approvals, notifications, registrations or permits required by
applicable Environmental Laws.

     CCCCCC. Conduct and complete all investigations, studies, sampling and
testing, and all remedial, removal and other actions required under
Environmental Laws and promptly comply in all material respects with all lawful
orders and directives of all Governmental Authorities regarding Environmental
Laws except to the extent that the same are being contested

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in good faith by appropriate proceedings and the pendency of such
proceedings could not reasonably be expected to have a Material Adverse Effect.

     DDDDDD. Defend, indemnify and hold harmless the Administrative Agent and
the Lenders, and their respective employees, agents, officers and directors,
from and against any and all claims, demands, penalties, fines, liabilities,
settlements, damages, costs and expenses of whatever kind or nature known or
unknown, contingent or otherwise, arising out of, or in any way relating to the
violation of, noncompliance with or liability under, any Environmental Law
applicable to the operations of the Credit Parties or any of their properties,
or any orders, requirements or demands of Governmental Authorities related
thereto, including, without limitation, reasonable attorney’s and consultant’s
fees, investigation and laboratory fees, response costs, court costs and
litigation expenses, except to the extent that any of the foregoing arise out
of the gross negligence or willful misconduct of the party seeking
indemnification therefor. The agreements in this paragraph shall survive
repayment of the Notes and all other amounts payable hereunder.

     63. Financial Covenants.

     Commencing on the day immediately following the Closing Date, the Borrower
shall , on a Consolidated basis, comply with the following financial covenants:

     EEEEEE. Leverage Ratio. At all times, the Leverage Ratio shall be less
than or equal to 4.0 to 1.0.

     FFFFFF. Senior Leverage Ratio. At all times, the Senior Leverage Ratio
during the following periods shall be less than or equal to:

	 	 	 
	Period
	 	Maximum Ratio

	Closing Date through April 30, 2005
	 	3.50 to 1.0
	May 1, 2005 through April 30, 2007
	 	3.25 to 1.0
	May 1, 2007 through April 30, 2008
	 	3.00 to 1.0
	May 1, 2008 and thereafter
	 	2.75 to 1.0

     GGGGGG. Interest Coverage Ratio. At all times, the Interest Coverage
Ratio during the following periods shall be greater than or equal to:

	 	 	 
	Period
	 	Minimum Ratio

	Closing Date through April 30, 2005
	 	3.50 to 1.0
	May 1, 2005 through April 30, 2007
	 	4.00 to 1.0
	May 1, 2007 through April 30, 2008
	 	4.50 to 1.0
	May 1, 2008 and thereafter
	 	5.00 to 1.0

     HHHHHH. Consolidated Capital Expenditures. Consolidated Capital
Expenditures made during the following period shall be less than or equal to:

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	 	 	Maximum Consolidated
	Period
	 	Capital Expenditures

	Fiscal Year 2004
	 	$30,000,000
	Fiscal Year 2005
	 	$30,000,000
	Fiscal Year 2006
	 	$30,000,000
	Fiscal Year 2007
	 	$30,000,000
	Fiscal Year 2008
	 	$30,000,000
	Fiscal Year 2009
	 	$30,000,000
	Fiscal Year 2010
	 	$30,000,000

     The maximum amount of Consolidated Capital Expenditures permitted
may be increased in any fiscal year by carrying forward any unused amount
(up to $10,000,000) in the immediately preceding fiscal year; provided
that with respect to any fiscal year, Consolidated Capital Expenditures
made during any such fiscal year shall be deemed to be made first with
respect to the applicable limitation for such fiscal year and then with
respect to any carry forward amount to the extent applicable.

     64. Additional Guarantors.

     The Credit Parties will cause each of their Domestic Subsidiaries that is
not an Immaterial Subsidiary, whether newly formed, after acquired or otherwise
existing, to promptly (and in any event within thirty (30) days after such
Domestic Subsidiary is formed or acquired (or such longer period of time as
agreed to by the Administrative Agent in its reasonable discretion)) become a
Guarantor hereunder by way of execution of a Joinder Agreement; provided that
the aggregate asset value of all Immaterial Subsidiaries at any time that are
not Guarantors shall not exceed $5,000,000. In connection therewith, the
Credit Parties shall give notice to the Administrative Agent not less than
fifteen (15) days prior to creating a Domestic Subsidiary, or acquiring the
Capital Stock of any other Person. The Credit Party Obligations shall be
secured by, among other things, a first priority perfected security interest in
the Collateral of such new Guarantor and a pledge of 100% of the Capital Stock
of such new Guarantor and its Domestic Subsidiaries and 65% (or such higher
percentage that would not result in material adverse tax consequences for such
new Guarantor) of the voting Capital Stock and 100% of the non-voting Capital
Stock of its first-tier Foreign Subsidiaries (other than Building Systems de
Mexico, S.A. de C.V. to the extent it is not a wholly-owned Subsidiary of the
Credit Parties). In connection with the foregoing, the Credit Parties shall
deliver to the Administrative Agent, with respect to each new Guarantor to the
extent applicable, substantially the same documentation required pursuant to
Sections 4.1(b)-(e) and 5.12 and such other documents or agreements as the
Administrative Agent may reasonably request.

     65. Compliance with Law.

     Each Credit Party will, and will cause each of its Subsidiaries to, comply
with all laws, rules, regulations and orders, and all applicable restrictions
imposed by all Governmental Authorities, applicable to it and its property if
noncompliance with any such law, rule, regulation, order or restriction could
reasonably be expected to have a Material Adverse Effect.

     66. Pledged Assets.

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     IIIIII. Each Credit Party will cause 100% of the Capital Stock in each of
its direct or indirect Domestic Subsidiaries and 65% of the Capital Stock in
each of its Foreign Subsidiaries (other than Building Systems de Mexico, S.A.
de C.V. to the extent it is not a wholly-owned Subsidiary of the Credit
Parties) to be subject at all times to a first priority, perfected Lien in
favor of the Administrative Agent pursuant to the terms and conditions of the
Security Documents or such other security documents as the Administrative Agent
shall reasonably request.

     JJJJJJ. If, subsequent to the Closing Date, a Credit Party shall acquire
any securities, instruments, chattel paper or other personal property required
for perfection to be delivered to the Administrative Agent as Collateral
hereunder or under any of the Security Documents, the Borrower shall promptly
(and in any event within three (3) Business Days) after any Responsible Officer
of a Credit Party acquires knowledge of same notify the Administrative Agent of
same. Each Credit Party shall, and shall cause each of its Subsidiaries to,
take such action at its own expense as requested by the Administrative Agent
(including, without limitation, any of the actions described in Section 4.1(d)
hereof) to ensure that the Administrative Agent has a first priority perfected
Lien (subject to Permitted Liens) to secure the Credit Party Obligations in (i)
all personal property of the Credit Parties located in the United States and
(ii) to the extent deemed to be material by the Administrative Agent or the
Required Lenders in its or their sole reasonable discretion, all other personal
property of the Credit Parties. Each Credit Party shall, and shall cause each
of its Subsidiaries to, adhere to the covenants regarding the location of
personal property as set forth in the Security Documents.

     67. Covenants Regarding Patents, Trademarks and Copyrights.

     KKKKKK. The Borrower shall notify the Administrative Agent promptly if it
knows or has reason to know that any material application, material letters
patent or registration relating to any material Patent, material Patent
License, material Trademark or material Trademark License of the Credit Parties
or any of their Subsidiaries may become abandoned, or of any adverse
determination or development (including, without limitation, the institution
of, or any such determination or development in, any proceeding in the United
States Patent and Trademark Office or any court) regarding the Borrower’s or
any of its Subsidiary’s ownership of any material Patent or material Trademark,
its right to patent or register the same, or to enforce, keep and maintain the
same, or its rights under any material Patent License or material Trademark
License.

     LLLLLL. The Borrower shall notify the Administrative Agent promptly after
it knows or has reason to know of any adverse determination or development
(including, without limitation, the institution of, or any such determination
or development in, any proceeding in any court) regarding any material
Copyright or material Copyright License of the Credit Parties or any of their
Subsidiaries, whether (i) such material Copyright or material Copyright License
may become invalid or unenforceable prior to its expiration or termination, or
(ii) the Borrower’s or any of its Subsidiary’s ownership of such material
Copyright, its right to register the same or to enforce, keep and maintain the
same, or its rights under such material Copyright License, may become affected.

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     MMMMMM. (i) The Borrower shall promptly notify the Administrative Agent of
any filing by any Credit Party or any of its Subsidiaries, either itself or
through any agent, employee, licensee or designee (but in no event later than
the fifteenth day following such filing), of any application for registration
of any material Intellectual Property with the United States Copyright Office
or United States Patent and Trademark Office or any similar office or agency in
any other country or any political subdivision thereof.

     (i) (ii) Upon request of the Administrative Agent, the Borrower shall execute
and deliver any and all agreements, instruments, documents, and papers as the
Administrative Agent may reasonably request to evident the Administrative
Agent’s security interest in the Intellectual Property and the general
intangibles referred to in clauses (i) and (ii), including, without limitation,
the goodwill of the Borrower or its Subsidiaries relating thereto or
represented thereby (or such other Intellectual Property or the general
intangibles relating thereto or represented thereby as the Administrative Agent
may reasonably request).

     NNNNNN. The Credit Parties and their Subsidiaries will take all necessary
actions, including, without limitation, in any proceeding before the United
States Patent and Trademark Office or the United States Copyright Office, to
maintain each item of Intellectual Property of the Borrower and its
Subsidiaries, including, without limitation, payment of maintenance fees,
filing of applications for renewal, affidavits of use, affidavits of
incontestability and opposition, interference and cancellation proceedings
unless the Borrower or the relevant Subsidiary, as the case may be, shall
reasonably determine that such Intellectual Property is not material to the
business of the Credit Parties and their Subsidiaries taken as a whole.

     OOOOOO. In the event that any Credit Party becomes aware that any
Intellectual Property is infringed, misappropriated or diluted by a third party
in any material respect, the Borrower shall notify the Administrative Agent
promptly after it learns thereof and shall, unless the Borrower or the relevant
Subsidiary, as the case may be, shall reasonably determine that such
Intellectual Property is not material to the business of the Credit Parties and
their Subsidiaries taken as a whole, promptly sue for infringement,
misappropriation or dilution and to recover any and all damages for such
infringement, misappropriation or dilution or take such other actions as the
Borrower or such Subsidiary, as the case may be, shall reasonably deem
appropriate under the circumstances to protect such Intellectual Property.

     68. Further Assurances.

     PPPPPP. Upon the request of the Administrative Agent, promptly perform or
cause to be performed any and all acts and execute or cause to be executed any
and all documents for filing under the provisions of the Uniform Commercial
Code or any other Requirement of Law which are necessary or advisable to
maintain in favor of the Administrative Agent, for the benefit of the Lenders,
Liens on the Collateral that are duly perfected in accordance with the
requirements of, or the obligations of the Credit Parties under, the Credit
Documents and all applicable Requirements of Law.

     QQQQQQ. Within sixty (60) days following the Closing Date (as such time
may be extended at the discretion of the Administrative Agent), the
Administrative Agent shall have received in the case of any personal property
Collateral located at premises leased by a Credit

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Party, such estoppel letters, consents and waivers from the landlords of
such real property that the Borrower is able to obtain by using its
commercially reasonable efforts.

     (f)

NEGATIVE COVENANTS

     Each Credit Party hereby covenants and agrees that on the Closing Date,
and thereafter for so long as this Credit Agreement is in effect and until the
Commitments have terminated, no Note remains outstanding and unpaid and the
Credit Party Obligations, together with interest, Commitment Fees and all other
amounts owing to the Administrative Agent or any Lender hereunder, are paid in
full, such Credit Party shall not, nor shall it permit any of its Subsidiaries,
to, directly or indirectly:

     69. Indebtedness.

     Contract, create, incur, assume or permit to exist any Indebtedness,
except:

     RRRRRR. Indebtedness arising or existing under this Credit Agreement and
the other Credit Documents;

     SSSSSS. Indebtedness existing as of the Closing Date as referenced in the
financial statements referenced in Section 3.1(a) (and set out more
specifically in Schedule 6.1(b)) hereto and renewals, refinancings or
extensions thereof in a principal amount not in excess of that outstanding as
of the date of such renewal, refinancing or extension;

     TTTTTT. Indebtedness incurred or acquired after the Closing Date
consisting of Capital Leases or Indebtedness incurred to provide all or a
portion of the purchase price or cost of construction of an asset; provided
that (i) such Indebtedness when incurred shall not exceed the purchase price or
cost of construction of such asset; (ii) no such Indebtedness shall be
refinanced for a principal amount in excess of the principal balance
outstanding thereon at the time of such refinancing; and (iii) the total amount
of all such Indebtedness shall not exceed $25,000,000 at any time outstanding;

     UUUUUU. Indebtedness and obligations owing under Secured Hedging
Agreements and other Hedging Agreements entered into in order to manage
existing or anticipated interest rate or exchange rate risks and not for
speculative purposes;

     VVVVVV. Indebtedness owed from a Credit Party to another Credit Party;

     WWWWWW. Indebtedness constituting Subordinated Debt;

     XXXXXX. other Indebtedness of Credit Parties which does not exceed
$5,000,000 in the aggregate at any time outstanding, and

     YYYYYY. so long as there exists no Default both immediately before and
immediately after giving effect to any such transaction, Indebtedness of a
Person which becomes a Subsidiary after the date hereof or Indebtedness of a
Person that is assumed by the Borrower or

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any Subsidiary in connection with a Permitted Acquisition, provided that
(i) such Indebtedness existed at the time such Person became a Subsidiary or
such Permitted Acquisition was consummated, as the case may be, and, in either
case, was not created in anticipation thereof, (ii) immediately after giving
effect to such Person’s becoming a Subsidiary or to the consummation of such
Permitted Acquisition by the Borrower no Default or Event of Default shall have
occurred and be continuing, (iii) such Indebtedness (to the extent secured)
shall not exceed $15,000,000 at any time outstanding and (iv) no more than
$50,000,000 in the aggregate of such Indebtedness shall become due before the
Tranche B Term Loan Maturity Date.

     70. Liens.

     Contract, create, incur, assume or permit to exist any Lien with respect
to any of their respective property or assets of any kind (whether real or
personal, tangible or intangible), whether now owned or hereafter acquired,
except for Permitted Liens. Notwithstanding the foregoing, if a Credit Party
or any of its Subsidiaries shall grant a Lien on any of its assets in violation
of this Section 6.2, then it shall be deemed to have simultaneously granted an
equal and ratable Lien on any such assets in favor of the Administrative Agent
for the benefit of the Lenders.

     71. Guaranty Obligations.

     Enter into or otherwise become or be liable in respect of any Guaranty
Obligations (excluding specifically therefrom endorsements in the ordinary
course of business of negotiable instruments for deposit or collection) other
than (i) those in favor of the Lenders in connection herewith, (ii) guaranties
given by the Credit Parties or any of their Subsidiaries in favor of any Credit
Party or any such Subsidiary in connection with obligations not constituting
Indebtedness including real property leases and other contracts entered into in
the ordinary course of business and (iii) Guaranty Obligations by the Credit
Parties permitted under Section 6.1 (except, as regards Indebtedness under
subsection (b) thereof, only if and to the extent such Indebtedness was
guaranteed on the Closing Date).

     72. Nature of Business.

     Alter the character of their business in any material respect from that
conducted as of the Closing Date.

     73. Consolidation, Merger, Sale or Purchase of Assets, etc.

     ZZZZZZ. Dissolve, liquidate or wind up its affairs, consolidate or merge
with another Person, or sell, transfer, lease or otherwise dispose of its
property or assets or agree to do so at a future time except the following,
without duplication, shall be expressly permitted:

(i) Specified Sales;

(ii) the disposition of property or assets as a result of a Recovery Event to
the extent the Net Cash Proceeds therefrom are used to repay Loans pursuant to
Section 2.8(b)(vi) or repair

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or replace damaged property or to purchase or otherwise acquire new assets or
property in accordance with the terms of Section 2.8(b)(vi);

(iii) the sale, lease or transfer of property or assets from a Credit Party to
another Credit Party; provided that prior to or simultaneously with any such
sale, lease or transfer, all actions required by the Administrative Agent shall
be taken to insure the continued perfection and priority of the Administrative
Agent’s Liens on such property and assets;

(iv) the lease of property or assets with a book value (at the time of any such
lease) not to exceed $25,000,000 in the aggregate over the term of this
Agreement from a Credit Party to a Subsidiary that is not a Guarantor; provided
that such lease is (A) an operating lease for fair market value and (B) the
ownership rights in the property or assets are retained by a Credit Party;

(v) the consolidation, liquidation or merger of a Credit Party into another
Credit Party or any Subsidiary into a Credit Party; provided that (A) prior to
or simultaneously with any such consolidation, liquidation or merger, all
actions required by the Administrative Agent shall be taken to insure the
continued perfection and priority of the Administrative Agent’s Liens on the
property and assets of each such Credit Party and (B) if such consolidation,
liquidation or merger involves the Borrower, the Borrower shall be the
surviving entity;

(vi) the consolidation, liquidation or merger of a Subsidiary that is not a
Credit Party into another Subsidiary that is not a Credit Party;

(vii) the termination of any Hedging Agreement permitted pursuant to Section
6.1; and

(viii) other sales, leases or transfers of property or assets in an amount not
to exceed $5,000,000 annually;

provided, that, with respect to clauses (i), (ii) and (vi) above, at least 75%
of the consideration received therefor by such Credit Party shall be in the
form of cash or Cash Equivalents; provided further, that, as to any Collateral
that is subject to a disposition (other than by way of a lease) permitted under
this Section 6.5 or under any other provision of this Agreement or of any other
Credit Document, the Borrower shall have the right to obtain the release of
such Collateral from the Liens securing the Credit Party Obligations
concurrently with the consummation of such disposition, at the Borrower’s sole
cost and expense and upon not less than twenty (20) Business Days’ prior
written notice to the Administrative Agent; and provided further, that, as to
any Guarantor that ceases to be a Subsidiary as a result of any transaction
permitted under any provision of this Agreement or any other Credit Document,
the Borrower (and such Guarantor) shall have the right to obtain the release of
such Guarantor from its obligations under the Guaranty and the release of the
property and assets of such Guarantor from the Liens securing the Credit Party
Obligations, in each case at the Borrower’s (or such Guarantor’s) sole cost and
expense and upon not less than twenty (20) Business Days’ prior written notice
to the Administrative Agent; or

     AAAAAAA. Purchase, lease or otherwise acquire (in a single transaction or
a series of related transactions) the property or assets of any Person (other
than purchases or other acquisitions of inventory, leases, materials, property
and equipment in the ordinary course of

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business, except as otherwise limited or prohibited herein), or enter into
any transaction of merger or consolidation, except for (i) Investments or
acquisitions permitted pursuant to Section 6.6, (ii) Permitted Acquisitions and
(iii) the merger or consolidation of the Borrower or one of its Subsidiaries
with and into a Credit Party; provided that if the Borrower is a party thereto,
the Borrower will be the surviving corporation.

     74. Advances, Investments and Loans.

     Lend money or extend credit or make advances to any Person, or purchase or
acquire any stock, obligations or securities of, or any other interest in, or
make any capital contribution to, any Person except for Permitted Investments.

     75. Transactions with Affiliates.

     Enter into (a) any transaction or series of transactions, other than
compensation arrangements as set forth in clause (b) below, whether or not in
the ordinary course of business, with any officer, director, shareholder or
Affiliate other than on terms and conditions substantially as favorable as
would be obtainable in a comparable arm’s-length transaction with a Person
other than an officer, director, shareholder or Affiliate, or (b) any
compensation arrangement with any officer or director other a compensation
arrangement that is in the ordinary course of business and consistent with
historical past practices of compensation for officers and directors.

     76. Ownership of Subsidiaries; Restrictions.

     Create, form or acquire any Subsidiaries, except for (a) Domestic
Subsidiaries which are joined as Additional Credit Parties in accordance with
the terms hereof and (b) Immaterial Subsidiaries, subject to the terms of
Section 5.10. The Credit Parties will not sell, transfer, pledge or otherwise
dispose of any Capital Stock or other equity interests in any of its
Subsidiaries, nor will it permit any of its Subsidiaries to issue, sell,
transfer, pledge or otherwise dispose of any of their Capital Stock or other
equity interests, except in a transaction permitted by Section 6.5(a).

     77. Fiscal Year; Organizational Documents; Subordinated Debt Documents.

     Change its fiscal year other than a change in its fiscal year approved by
the Agents, which approval will not be unreasonably conditioned, withheld or
delayed. None of the Credit Parties will amend, modify or change its articles
of incorporation (or corporate charter or other similar organizational
document) or bylaws (or other similar document) or operating agreement in any
respect adverse to the Lenders without the prior written consent of the
Required Lenders. The Credit Parties will not, without the prior written
consent of the Required Lenders, amend, modify, waive or extend or permit the
amendment, modification, waiver or extension of any term of (i) the Senior
Subordinated Notes in a manner that is adverse to the interests of the Lenders
or (ii) any other Subordinated Debt in a manner that is materially adverse to
the interests of the Lenders.

     78. Limitation on Restricted Actions.

     Create or otherwise cause or suffer to exist or become effective any
encumbrance or restriction on the ability of any such Person to (a) pay
dividends or make any other distributions to any Credit Party on its Capital
Stock or with respect to any other interest or participation in, or

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measured
by, its profits, (b) pay any Indebtedness or other obligation owed to any
Credit Party, (c) make loans or advances to any Credit Party, (d) sell, lease
or transfer any of its properties or assets to any Credit Party, or (e) act as
a Guarantor and pledge its assets pursuant to the Credit Documents or any
renewals, refinancings, exchanges, refundings or extension thereof, except (in
respect of any of the matters referred to in clauses (a)-(d) above) for such
encumbrances or restrictions existing under or by reason of (i) this Credit
Agreement and the other Credit Documents, (ii) applicable law, (iii) any
document or instrument governing Indebtedness incurred pursuant to Section
6.1(c); provided that any such restriction contained therein relates only to
the asset or assets constructed or acquired in connection therewith, or (iv)
any Permitted Lien or any document or instrument governing any Permitted Lien;
provided that any such restriction contained therein relates only to the asset
or assets subject to such Permitted Lien.

     79. Restricted Payments.

     Declare, order, make or set apart any sum for or pay any Restricted
Payment, except (a) to make dividends payable solely in the same class of
Capital Stock of such Person, (b) to make dividends or other distributions
payable to the Borrower or a Domestic Subsidiary, (c) the Borrower may
repurchase shares of its Capital Stock in respect of employee benefit plans and
stock options in an aggregate amount not to exceed $5,000,000 during any fiscal
year, (d) so long as no Default or Event of Default shall have occurred and be
continuing or would result therefrom, the Borrower may make regularly scheduled
payments of interest in respect of the Senior Subordinated Notes, (e) so long
as no Default or Event of Default shall have occurred and be continuing or
would result therefrom, the Borrower may prepay the full amount of the Senior
Subordinated Notes (and any accrued and unpaid interest and prepayment premiums
with respect thereto) on the Tranche B Term Loan Funding Date, and (f) so long
as no Default or Event of Default shall have occurred and be continuing and the
Borrower demonstrates pro forma compliance with the financial covenants set
forth in Section 5.9, the Borrower may repurchase shares of its Capital Stock
and/or pay cash dividends in an aggregate amount during the term of this Credit
Agreement not to exceed $25,000,000 plus 25% of Consolidated Net Income since
the Closing Date.

     80. No Further Negative Pledges.

     Enter into, assume or become subject to any agreement prohibiting or
otherwise restricting the creation or assumption of any Lien upon its
properties or assets, whether now owned or hereafter acquired, or requiring the
grant of any security for such obligation if security is given for some other
obligation, except (a) pursuant to this Credit Agreement and the other Credit
Documents and (b) pursuant to any document or instrument governing Indebtedness
incurred pursuant to Section 6.1(c); provided that any such restriction
contained therein relates only to the asset or assets constructed or acquired
in connection therewith, and (c) in connection with any Permitted Lien or any
document or instrument governing any Permitted Lien; provided that any such
restriction contained therein relates only to the asset or assets subject to
such Permitted Lien.

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     (g)

EVENTS OF DEFAULT

     81. Events of Default.

     An Event of Default shall exist upon the occurrence of any of the
following specified events (each an “Event of Default”):

     BBBBBBB. Payment Default. The Borrower shall fail to pay any principal on
any Loan or Note when due (whether at maturity, by reason of acceleration or
otherwise) in accordance with the terms thereof or hereof; or the Borrower
shall fail to reimburse the Issuing Lender for any LOC Obligations when due
(whether at maturity, by reason of acceleration or otherwise) in accordance
with the terms hereof; or the Borrower shall fail to pay any interest on any
Loan or Note or any fee or other amount payable hereunder when due (whether at
maturity, by reason of acceleration or otherwise) in accordance with the terms
thereof or hereof (or any Guarantor shall fail to pay on the Guaranty in
respect of any of the foregoing or in respect of any other Guaranty Obligations
thereunder) and such failure shall continue unremedied for three (3) Business
Days.

     CCCCCCC. Misrepresentation. Any representation or warranty made or deemed
made herein, in the Security Documents or in any of the other Credit Documents
or which is contained in any certificate, document or financial or other
statement furnished at any time under or in connection with this Credit
Agreement shall prove to have been incorrect, false or misleading in any
material respect on or as of the date made or deemed made.

     DDDDDDD. Covenant Default. (i) Any Credit Party shall fail to perform,
comply with or observe any term, covenant or agreement applicable to it
contained in Sections 5.1, 5.2, 5.4, 5.7, 5.9, 5.11 or Article VI hereof; or
(ii) any Credit Party shall fail to comply with any other covenant contained in
this Credit Agreement or the other Credit Documents or any other agreement,
document or instrument among any Credit Party, the Administrative Agent and the
Lenders or executed by any Credit Party in favor of the Administrative Agent or
the Lenders (other than as described in Sections 7.1(a) or 7.1(c)(i) above),
and such breach or failure to comply is not cured within thirty (30) days of
its occurrence.

     EEEEEEE Debt Cross-Default. Any Credit Party shall (i) default in any
payment of principal of or interest on any Indebtedness (other than the Loans,
Reimbursement Obligations and the Guaranty) in a principal amount outstanding
of at least $2,500,000 for the Borrower and any of its Subsidiaries in the
aggregate beyond any applicable grace period (not to exceed 30 days), if any,
provided in the instrument or agreement under which such Indebtedness was
created; (ii) default in the observance or performance of any other agreement
or condition relating to any Indebtedness (other than the Loans, Reimbursement
Obligations and the Guaranty) in a principal amount outstanding of at least
$2,500,000 in the aggregate beyond any applicable grace period (not to exceed
30 days) for the Credit Parties and their Subsidiaries 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

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such Indebtedness (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
(iii) breach or default any Secured Hedging Agreement beyond any applicable
grace period (not to exceed 30 days), if any, provided in the instrument or
agreement under which such Indebtedness was created.

     FFFFFFF. Bankruptcy Default. (i) The Credit Parties or any of their
Subsidiaries shall commence any case, proceeding or other action as a debtor
(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
have it judged 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 the Credit Parties or any of their
Subsidiaries shall make a general assignment for the benefit of its creditors;
or (ii) there shall be commenced against the any Credit Party or any of its
Subsidiaries any case, proceeding or other action of a nature referred to in
clause (i) 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 any
Credit Party or any of its 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 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) the Credit Parties or any of their Subsidiaries 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) the Credit Parties or any of their Subsidiaries shall generally not, or
shall be unable to, or shall admit in writing its inability to, pay its debts
as they become due.

     GGGGGGG. Judgment Default. One or more judgments, orders, decrees or
arbitration awards shall be entered against the Credit Parties or any of their
Subsidiaries involving in the aggregate a liability (to the extent not paid
when due or covered by insurance) of $2,500,000 or more and all such judgments,
orders, decrees or arbitration awards shall not have been paid and satisfied,
vacated, discharged, stayed or bonded pending appeal within 30 days from the
entry thereof.

     HHHHHHH. ERISA Default. (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 “accumulated funding deficiency” (as defined in
Section 302 of ERISA), whether or not waived, shall exist with respect to any
Plan or any Lien in favor of the PBGC or a Plan (other than a Permitted Lien)
shall arise on the assets of the Borrower, any of its Subsidiaries or any
Commonly Controlled Entity, (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, 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, any of its Subsidiaries or any Commonly Controlled Entity shall, or
in the reasonable

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opinion of the Required Lenders is likely to, incur any liability in
connection with a withdrawal from, or the Insolvency or Reorganization of, any
Multiemployer Plan or (vi) any other similar event or condition shall occur or
exist with respect to a Plan; 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 have a Material Adverse Effect.

     IIIIIII. Change of Control. A Change of Control shall have occurred.

     JJJJJJJ. Failure of Credit Documents. This Credit Agreement (including
the Guaranty) or any other Credit Document or any provision hereof or thereof
shall cease to be in full force and effect or to give the Administrative Agent
and/or the Lenders the security interests, liens, rights, powers and privileges
purported to be created hereby or thereby, or any Credit Party or any Person
acting by or on behalf of any Credit Party shall deny or disaffirm such
Person’s obligations under this Credit Agreement or any other Credit Document.

     KKKKKKK. Hedging Agreement. Any termination payment shall be due by a
Credit Party under any Hedging Agreement and such amount is not paid within the
later to occur of five (5) Business Days after the due date thereof or the
expiration of grace periods, if any, in such Hedging Agreement.

     LLLLLLL. Subordinated Debt. Any default (which is not waived or cured
within the applicable period of grace) or event of default shall occur under
any Subordinated Debt or the subordination provisions contained therein shall
cease to be in full force and effect or to give the Lenders the rights, powers
and privileges purported to be created thereby.

     82. Acceleration; Remedies.

     Upon the occurrence and during the continuation of an Event of Default,
then, and in any such event, (a) if such event is a Bankruptcy Event,
automatically the Commitments shall immediately terminate and the Loans (with
accrued interest thereon), and all other amounts under the Credit Documents
(including without limitation the maximum amount of all contingent liabilities
under Letters of Credit) shall immediately become due and payable, and the
Borrower shall immediately pay to the Administrative Agent cash collateral as
security for the LOC Obligations for subsequent drawings under then outstanding
Letters of Credit in an amount equal to the maximum amount which may be drawn
under Letters of Credit then outstanding, and (b) if such event is any other
Event of Default, subject to the terms of Section 8.5, with the written consent
of the Required Lenders, the Administrative Agent may, or upon the written
request of the Required Lenders, the Administrative Agent shall, take any or
all of the following actions: (i) by notice to the Borrower declare the
Commitments to be terminated forthwith, whereupon the Commitments shall
immediately terminate; (ii) by notice of default to the Borrower declare the
Loans (with accrued interest thereon) and all other amounts owing under this
Credit Agreement and the Notes to be due and payable forthwith and direct the
Borrower to pay to the Administrative Agent cash collateral as security for the
LOC Obligations for subsequent drawings under then outstanding Letters of
Credit in an amount equal to the maximum amount of which may be drawn under
Letters of Credit then outstanding, whereupon the same shall immediately become
due and payable; and/or (iii) exercise on behalf of the Lenders all of its
other rights and remedies under this Credit Agreement, the other Credit
Documents and

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applicable law. Except as expressly provided above in this Section 7.2,
presentment, demand, protest and all other notices of any kind are hereby
expressly waived by the Credit Parties.

     (h)

THE ADMINISTRATIVE AGENT

     83. Appointment.

     Each Lender hereby irrevocably designates and appoints Wachovia as the
Administrative Agent of such Lender under this Credit Agreement, and each such
Lender irrevocably authorizes Wachovia, as the Administrative Agent for such
Lender, to take such action on its behalf under the provisions of this Credit
Agreement and to exercise such powers and perform such duties as are expressly
delegated to the Administrative Agent by the terms of this Credit Agreement,
together with such other powers as are reasonably incidental thereto.
Notwithstanding any provision to the contrary elsewhere in this Credit
Agreement, the Administrative 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
Credit Agreement or otherwise exist against the Administrative Agent.

     84. Delegation of Duties.

     The Administrative Agent may execute any of its duties under this Credit
Agreement by or through agents or attorneys-in-fact and shall be entitled to
advice of counsel concerning all matters pertaining to such duties. The
Administrative Agent shall not be responsible for the negligence or misconduct
of any agents or attorneys-in-fact selected by it with reasonable care.
Without limiting the foregoing, the Administrative Agent may appoint one of its
affiliates as its agent to perform the functions of the Administrative Agent
hereunder relating to the advancing of funds to the Borrower and distribution
of funds to the Lenders and to perform such other related functions of the
Administrative Agent hereunder as are reasonably incidental to such functions.

     85. Exculpatory Provisions.

     Neither the Administrative Agent nor any of its officers, directors,
employees, agents, attorneys-in-fact, Subsidiaries or affiliates shall be (a)
liable for any action lawfully taken or omitted to be taken by it or such
Person under or in connection with this Credit Agreement (except for its or
such Person’s own gross negligence or willful misconduct) or (b) responsible in
any manner to any of the Lenders for any recitals, statements, representations
or warranties made by any Credit Party or any officer thereof contained in this
Credit Agreement or in any certificate, report, statement or other document
referred to or provided for in, or received by the Administrative Agent under
or in connection with, this Credit Agreement or for the value, validity,
effectiveness, genuineness, enforceability or sufficiency of any of the Credit
Documents or for any failure of any Credit Party to perform its obligations
hereunder or thereunder. The Administrative Agent shall not be under any
obligation to any Lender to ascertain or to inquire as to the observance or
performance by any Credit Party of any of the agreements contained in, or

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conditions of, this Credit Agreement, or to inspect the properties, books or
records of any Credit Party.

     86. Reliance by Administrative Agent.

     MMMMMMM. The Administrative Agent shall be entitled to rely, and shall be
fully protected in relying, upon any note, writing, resolution, notice,
consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex
or teletype message, statement, order or other document or conversation
believed by it in good faith 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, without limitation, counsel to the Credit Parties),
independent accountants and other experts selected by the Administrative Agent.
The Administrative Agent may deem and treat the payee of any Note as the owner
thereof for all purposes unless an executed Commitment Transfer Supplement has
been filed with the Administrative Agent pursuant to Section 9.6(c) with
respect to the Loans evidenced by such Note. The Administrative Agent shall be
fully justified in failing or refusing to take any action under this Credit
Agreement unless it shall first receive such advice or concurrence of the
Required Lenders as it deems appropriate or it shall first be indemnified to
its satisfaction by the Lenders against any and all liability and expense which
may be incurred by it by reason of taking or continuing to take any such
action. The Administrative Agent shall in all cases be fully protected in
acting, or in refraining from acting, under any of the Credit Documents in
accordance with a request of the Required Lenders or all of the Lenders, as may
be required under this Credit Agreement, and such request and any action taken
or failure to act pursuant thereto shall be binding upon all the Lenders and
all future holders of the Notes.

     NNNNNNN. For purposes of determining compliance with the conditions
specified in Section 4.1, each Lender that has signed this Credit Agreement
shall be deemed to have consented to, approved or accepted or to be satisfied
with, each document or other matter required thereunder to be consented to or
approved by or acceptable or satisfactory to a Lender.

     87. Notice of Default.

     The Administrative Agent shall not be deemed to have knowledge or notice
of the occurrence of any Default or Event of Default hereunder unless the
Administrative Agent has received notice from a Lender or the Borrower
referring to this Credit Agreement, describing such Default or Event of Default
and stating that such notice is a “notice of default”. In the event that the
Administrative Agent receives such a notice, the Administrative Agent shall
give prompt notice thereof to the Lenders. The Administrative Agent shall take
such action with respect to such Default or Event of Default as shall be
reasonably directed by the Required Lenders; provided, however, that unless and
until the Administrative Agent shall have received such directions, the
Administrative Agent 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 it shall deem advisable in the best interests of the Lenders except
to the extent that this Credit Agreement expressly requires that such action be
taken, or not taken, only with the consent or upon the authorization of the
Required Lenders, or all of the Lenders, as the case may be.

     88. Non-Reliance on Administrative Agent and Other Lenders.

     Each Lender expressly acknowledges that neither the Administrative Agent
nor any of its officers, directors, employees, agents, attorneys-in-fact or
affiliates has made any representation or warranty to it and that no act by the
Administrative Agent hereinafter taken, including any

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review of the affairs of
any Credit Party, shall be deemed to constitute any representation or warranty
by the Administrative Agent to any Lender. Each Lender represents to the
Administrative Agent that it has, independently and without reliance upon the
Administrative Agent or any other Lender, and based on such documents and
information as it has deemed appropriate, made its own appraisal of and
investigation into the business, operations, property, financial and other
condition and creditworthiness of the Borrower or any other Credit Party and
made its own decision to make its Loans hereunder and enter into this Credit
Agreement. Each Lender also represents that it will, independently and without
reliance upon the Administrative Agent or any other Lender, and based on such
documents and information as it shall deem appropriate at the time, continue to
make its own credit analysis, appraisals and decisions in taking or not taking
action under this Credit Agreement, 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 Borrower and the other Credit
Parties. Except for notices, reports and other documents expressly required to
be furnished to the Lenders by the Administrative Agent hereunder, the
Administrative Agent 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 the Borrower or any other Credit Party which may come into
the possession of the Administrative Agent or any of its officers, directors,
employees, agents, attorneys-in-fact or affiliates.

     89. Indemnification.

     The Lenders agree to indemnify the Administrative Agent in its capacity
hereunder (to the extent not reimbursed by the Borrower and without limiting
the obligation of the Borrower to do so), ratably according to their respective
Commitment Percentages in effect on the date on which indemnification is sought
under this Section, from and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind whatsoever which may at any time (including, without
limitation, at any time following the payment of the Notes or any Reimbursement
Obligation) be imposed on, incurred by or asserted against the Administrative
Agent in any way relating to or arising out of any Credit Document 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 the
Administrative Agent under or in connection with any of the foregoing;
provided, however, 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 to the extent resulting from
the Administrative Agent’s gross negligence or willful misconduct, as
determined by a court of competent jurisdiction. The agreements in this
Section 8.7 shall survive the termination of this Credit Agreement and payment
of the Notes, any Reimbursement Obligation and all other amounts payable
hereunder.

     90. The Administrative Agent in Its Individual Capacity.

     The Administrative Agent and its affiliates may make loans to, accept
deposits from and generally engage in any kind of business with the Borrower
and the other Credit Parties as though the Administrative Agent were not the
Administrative Agent hereunder. With respect to

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the Loans made or renewed by
it and any Note issued to it, the Administrative Agent shall have the same
rights and powers under this Credit Agreement as any Lender and may exercise
the same as though it were not the Administrative Agent, and the terms “Lender”
and “Lenders” shall include the Administrative Agent in its individual
capacity.

     91. Successor Administrative Agent.

     The Administrative Agent may resign as Administrative Agent upon 30 days’
prior written notice to the Borrower and the Lenders. If the Administrative
Agent shall resign as Administrative Agent under this Credit Agreement and the
other Credit Documents, then the Required Lenders shall appoint from among the
Lenders a successor administrative agent for the Lenders, which successor agent
shall be approved by the Borrower (such approval not to be unreasonably
withheld) so long as no Default or Event of Default has occurred and is
continuing, whereupon such successor administrative agent shall succeed to the
rights, powers and duties of the Administrative Agent, and the term
“Administrative Agent” shall mean such successor administrative 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 Credit Agreement or any holders of the
Notes. If no successor Administrative Agent has accepted appointment as
Administrative Agent within thirty (30) days after the retiring Administrative
Agent’s giving notice of resignation, the retiring Administrative Agent shall
have the right, on behalf of the Lenders, to appoint a successor administrative
agent, which successor shall be approved by the Borrower (such approval not to
be unreasonably withheld) so long as no Default or Event of Default has
occurred and is continuing; provided that such successor administrative agent
has minimum capital and surplus of at least $500,000,000. If no successor
administrative agent has accepted appointment as Administrative Agent within
sixty (60) days after the retiring Administrative Agent’s giving notice of
resignation, the retiring Administrative Agent’s resignation shall nevertheless
become effective and the Lenders shall perform all duties of the Administrative
Agent hereunder until such time, if any, as the Required Lenders appoint a
successor administrative agent as provided for above. After any retiring
Administrative Agent’s resignation as Administrative Agent, the indemnification
provisions of this Credit Agreement and the other Credit Documents and the
provisions of this Article VIII shall inure to its benefit as to any actions
taken or omitted to be taken by it while it was Administrative Agent under this
Credit Agreement.

     92. Other Agents.

     None of the Lenders or other Persons identified on the facing page or
signature pages of this Agreement as a “syndication agent,” “documentation
agent,” “co-agent,” “book manager,” “book runner,” “lead manager,” “arranger,”
“lead arranger” or “co-arranger” shall have any right, power, obligation,
liability, responsibility or duty under this Agreement other than, in the case
of such Lenders, those applicable to all Lenders as such. Without limiting the
foregoing, none of the Lenders or other Persons so identified shall have or be
deemed to have any fiduciary relationship with any Lender. Each Lender
acknowledges that it has not relied, and will not rely,

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on any of the Lenders or other Persons so identified in deciding to enter
into this Agreement or in taking or not taking action hereunder.

     (i)

MISCELLANEOUS

     93. Amendments, Waivers and Release of Collateral.

     Neither this Credit Agreement nor any of the other Credit Documents, nor
any terms hereof or thereof may be amended, supplemented, waived or modified
except in accordance with the provisions of this Section 9.1. The Required
Lenders may or, with the written consent of the Required Lenders, the
Administrative Agent may, from time to time, (a) enter into with the Borrower
or any other Credit Party written amendments, supplements or modifications
hereto and to the other Credit Documents for the purpose of adding any
provisions to this Credit Agreement or the other Credit Documents or changing
in any manner the rights of the Lenders or of the Borrower or any other Credit
Party hereunder or thereunder or (b) waive, on such terms and conditions as the
Required Lenders may specify in such instrument, any of the requirements of
this Credit Agreement or the other Credit Documents or any Default or Event of
Default and its consequences; provided, however, that no such amendment,
supplement, modification, release, waiver or consent shall:

(i) reduce the amount or extend the scheduled date of maturity of any Loan or
Note or any installment thereon, or reduce the stated rate of any interest or
fee payable hereunder (except in connection with a waiver of interest at the
increased post-default rate set forth in Section 2.9 which shall be determined
by a vote of the Required Lenders) 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; provided that, it is understood and agreed that (A) no
waiver, reduction or deferral of a mandatory prepayment required pursuant to
Section 2.8(b), nor any amendment of Section 2.8(b) or the definitions of Asset
Disposition, Debt Issuance, Equity Issuance, Excess Cash Flow, or Recovery
Event, shall constitute a reduction of the amount of, or an extension of the
scheduled date of, the scheduled date of maturity of, or any installment of,
any Loan or Note, (B) any reduction in the stated rate of interest on Revolving
Loans shall only require the written consent of each Revolving Lender and (C)
any reduction in the stated rate of interest on the Tranche B Term Loan shall
only require the written consent of each Term Loan Lender; or

(ii) amend, modify or waive any provision of this Section 9.1 or reduce the
percentage specified in the definition of Required Lenders, without the written
consent of all the Lenders; or

(iii) amend, modify or waive any provision of Article VIII without the written
consent of the then Administrative Agent; or

(iv) release the Borrower or all or substantially all of the Guarantors from
their respective obligations hereunder or under the Guaranty, without the
written consent of all of the Lenders and Hedging Agreement Providers; or

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(v) release all or substantially all of the Collateral, without the written
consent of all of the Lenders and Hedging Agreement Providers; or

(vi) permit any Credit Party to assign or transfer any of its rights or
obligations under this Credit Agreement or other Credit Documents without the
written consent of all of the Lenders other than in connection with a
transaction permitted under Section 6.5(a)(v); or

(vii) amend, modify or waive any provision of the Credit Documents requiring
consent, approval or request of the Required Lenders or all Lenders, without
the written consent of all of the Required Lenders or Lenders as appropriate;
or

(viii) amend, modify or waive any provision of the Credit Documents affecting
the rights or duties of the Administrative Agent, the Issuing Lender or the
Swingline Lender under any Credit Document without the written consent of the
Administrative Agent, the Issuing Lender and/or the Swingline Lender, as
applicable, in addition to the Lenders required hereinabove to take such
action; or

(ix) amend or modify the definition of Credit Party Obligations to delete or
exclude any obligation or liability described therein without the written
consent of each Lender and each Hedging Agreement Provider directly affected
thereby; or

(x) amend, modify or waive the order in which Credit Party Obligations are paid
in Section 2.12(b) without the written consent of each Lender and each Hedging
Agreement Provider directly affected thereby.

     Any such waiver, amendment, supplement or modification and any such
release shall apply equally to each of the Lenders and shall be binding upon
the Borrower, the other Credit Parties, the Lenders, the Administrative Agent
and all future holders of the Notes. In the case of any waiver, the Borrower,
the other Credit Parties, the Lenders and the Administrative Agent shall be
restored to their former position and rights hereunder and under the
outstanding Loans and Notes and other Credit 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.

     Notwithstanding any of the foregoing to the contrary, the consent of the
Borrower and the other Credit Parties shall not be required for any amendment,
modification or waiver of the provisions of Article VIII (other than the
provisions of Section 8.9). In addition, the Credit Parties and the Lenders
hereby authorize the Administrative Agent to modify this Credit Agreement by
unilaterally amending or supplementing Schedule 2.1(a) from time to time in the
manner requested by the Credit Parties, the Administrative Agent or any Lender
in order to reflect any assignments or transfers of the Loans and Commitments
as provided for hereunder; provided, however, that the Administrative Agent
shall promptly deliver a copy of any such modification to the Borrower and each
Lender.

     Notwithstanding the fact that the consent of all the Lenders is required
in certain circumstances as set forth above, (x) each Lender is entitled to
vote as such Lender sees fit on any bankruptcy reorganization plan that affects
the Loans, and each Lender acknowledges that the

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provisions of Section 1126(c) of the Bankruptcy Code supersedes the unanimous
consent provisions set forth herein and (y) the Required Lenders may consent to
allow a Credit Party to use cash collateral in the context of a bankruptcy or
insolvency proceeding.

     94. Notices.

     Except as otherwise provided in Article II, 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 (a) when delivered by
hand on a Business Day, (b) when transmitted via telecopy (or other facsimile
device) or electronic mail on a Business Day to the number or electronic mail
address set out herein, (c) the Business Day following the day on which the
same has been delivered prepaid to a reputable national overnight air courier
service, or (d) the third Business Day following the day on which the same is
sent by certified or registered mail, postage prepaid, in each case, addressed
as follows in the case of the Borrower, the other Credit Parties and the
Administrative Agent, and as set forth on Schedule 9.2 in the case of the
Lenders, or to such other address as may be hereafter notified by the
respective parties hereto and any future holders of the Notes:

	 	 	 
	The Borrower

	 	NCI Building Systems, Inc.
	and the other

	 	10943 N. Sam Houston Parkway W.
	Credit Parties:

	 	Houston, Texas 77064
	

	 	Attention: Robert J. Medlock
	

	 	Chief Financial Officer

	

	 	Telecopier: (281) 477-9675
	

	 	Telephone: (281) 897-7765
	

	 	Email: bmedlock@ncilp.com
	

	 	 
	The Administrative

Agent:

	 	Wachovia Bank, National Association
	

	 	201 South College Street
	

	 	NC0680/CP8
	

	 	Charlotte, North Carolina 28288-0608
	

	 	Attention: Syndication Agency Services
	

	 	Telecopier: (704) 383-3612
	

	 	Telephone: (704) 715-1093
	

	 	Email: colleen.murphy@wachovia.com
	

	 	 
	

	 	with a copy to:
	

	 	 
	

	 	Wachovia Bank, National Association
	

	 	One Wachovia Center, DC-5
	

	 	Charlotte, North Carolina 28288-0735
	

	 	Attention: Glenn Edwards
	

	 	Telecopier: 704-383-3300
	

	 	Telephone: 704-383-3810
	

	 	Email: glenn.edwards@wachovia.com

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provided, that notices given by the Borrower pursuant to Section 2.1 or Section
2.10 hereof shall be effective only upon receipt thereof by the Administrative
Agent.

     95. No Waiver; Cumulative Remedies.

     No failure to exercise and no delay in exercising, on the part of the
Administrative Agent or any Lender, 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.

     96. Survival of Representations and Warranties.

     All representations and warranties made hereunder and in any document,
certificate or statement delivered pursuant hereto or in connection herewith
shall survive the execution and delivery of this Credit Agreement and the Notes
and the making of the Loans; provided that all such representations and
warranties shall terminate on the date upon which the Commitments have been
terminated and all amounts owing hereunder and under any Notes have been paid
in full.

     97. Payment of Expenses and Taxes.

     The Credit Parties agree (a) to pay or reimburse the Administrative Agent
and the Arrangers for all reasonable out-of-pocket costs and expenses incurred
in connection with the development, preparation, negotiation, printing and
execution of, and any amendment, supplement or modification to, this Credit
Agreement and the other Credit Documents and any other documents prepared in
connection herewith or therewith, and the consummation and administration of
the transactions contemplated hereby and thereby, together with the reasonable
fees and disbursements of counsel to the Administrative Agent, (b) to pay or
reimburse each Lender and the Administrative Agent for all its costs and
expenses incurred in connection with the enforcement or preservation of any
rights under this Credit Agreement, the Notes and any such other documents,
including, without limitation, the reasonable fees and disbursements of counsel
to the Administrative Agent and to the Lenders (including reasonable allocated
costs of in-house legal counsel), and (c) on demand, to pay, indemnify, and
hold each Lender, the Administrative Agent and the Arrangers harmless from, any
and all recording and filing fees and any and all liabilities with respect to,
or resulting from any delay in paying stamp, excise and
other similar taxes, if any, which 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,
the Credit Documents and any such other documents, and (d) to pay, indemnify,
and hold each Lender, the Administrative Agent and the Arrangers and their
Affiliates directors, officers, employees, agents, trustees, investment
advisors and other representatives 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 with
respect to the execution, delivery, enforcement, performance and administration
of the Credit Documents and any such other documents and the use, or proposed

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use, of proceeds of the Loans (all of the foregoing, collectively, the
“indemnified liabilities”); provided, however, that the Borrower shall not have
any obligation hereunder to the Administrative Agent, the Arrangers or any
Lender with respect to indemnified liabilities arising from the gross
negligence or willful misconduct of the Administrative Agent, the Arrangers or
such Lender, as determined by a court of competent jurisdiction. The
agreements in this Section 9.5 shall survive repayment of the Loans, Notes and
all other amounts payable hereunder. Notwithstanding anything to the contrary
contained in this Section 9.5 or elsewhere in any of the Credit Documents,
neither the Borrower nor any Subsidiary shall be obligated to pay or reimburse
any Person for any costs, expenses, fees, taxes or other charges of any nature
whatsoever that are incurred or payable by any Person in connection with any
assignment referred to in Section 9.6(c), any participation referred to in
Section 9.6(b) or any pledge or security interest referred to in Section
9.6(h).

     98. Successors and Assigns; Participations; Purchasing Lenders.

     OOOOOOO. This Credit Agreement shall be binding upon and inure to the
benefit of the Credit Parties, the Lenders, the Administrative Agent, all
future holders of the Notes and their respective successors and assigns, except
that none of the Credit Parties may assign or transfer any of its rights or
obligations under this Credit Agreement or the other Credit Documents without
the prior written consent of each Lender.

     PPPPPPP. Any Lender may, in the ordinary course of its business and in
accordance with applicable law, at any time sell to one or more banks or other
entities (“Participants”) participating interests in any Loan owing to such
Lender, any Note held by such Lender, any Commitment of such Lender, or any
other interest of such Lender hereunder, in each case in minimum amounts of
$1,000,000 (or, if less, the entire amount of such Lender’s Obligations,
Commitments or other interests). In the event of any such sale by a Lender of
participating interests to a Participant, such Lender’s obligations under this
Credit Agreement to the other parties to this Credit Agreement shall remain
unchanged, such Lender shall remain solely responsible for the performance
thereof, such Lender shall remain the holder of any such Note for all purposes
under this Credit Agreement, and the Borrower and the Administrative Agent
shall continue to deal solely and directly with such Lender in connection with
such Lender’s rights and obligations under this Credit Agreement. No Lender
shall transfer or grant any participation under which the Participant shall
have rights to approve any amendment to or waiver of this Credit Agreement or
any other Credit Document except to the extent such amendment or waiver would
(i) extend the scheduled maturity of any Loan or Note or any installment
thereon in which such Participant is participating, or reduce the stated rate
or extend the time of payment of interest or fees thereon (except in connection with
a waiver of interest at the increased post-default rate) or reduce the
principal amount thereof, or increase the amount of the Participant’s
participation over the amount thereof then in effect (it being understood that
a waiver of any Default or Event of Default shall not constitute a change in
the terms of such participation, and that an increase in any Commitment or Loan
shall be permitted without consent of a Participant if such Participant’s
participation is not increased as a result thereof), (ii) release the Borrower
or any material Guarantor from its obligations under the Guaranty, (iii)
release any material portion of the Collateral, or (iv) consent to the
assignment or transfer by the Borrower of any of its rights and obligations
under this Credit Agreement. In the case of any such participation, the
Participant shall not have any rights under this Credit Agreement or any of

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the
other Credit Documents (the Participant’s rights against such Lender in respect
of such participation to be those set forth in the agreement executed by such
Lender in favor of the Participant relating thereto) and all amounts payable by
the Borrower hereunder shall be determined as if such Lender had not sold such
participation; provided that each Participant shall be entitled to the benefits
of Sections 2.14, 2.15, 2.16, 2.17 and 9.5 with respect to its participation in
the Commitments and the Loans outstanding from time to time; provided, that no
Participant shall be entitled to receive any greater amount pursuant to such
Sections than the transferor Lender would have been entitled to receive in
respect of the amount of the participation transferred by such transferor
Lender to such Participant had no such transfer occurred.

     QQQQQQQ. Any Lender may, in the ordinary course of its business and in
accordance with applicable law, at any time, sell or assign to any Lender or
any Affiliate or Approved Fund thereof and to one or more additional banks or
financial institutions or entities but neither to the Borrower nor any
Affiliate of the Borrower (“Purchasing Lenders”), all or any part of its rights
and obligations under this Credit Agreement and the Notes in minimum amounts of
(i) $2,500,000 with respect to its Revolving Commitment and its Revolving Loans
(or, if less, the entire amount of such Lender’s Revolving Commitment and
Revolving Loans) and (ii) $1,000,000 (or any lesser amount as approved by the
Administrative Agent) with respect to its Tranche B Term Loans (or, if less,
the entire amount of such Lender’s Tranche B Term Loans), pursuant to a
Commitment Transfer Supplement, executed by such Purchasing Lender, such
transferor Lender, the Administrative Agent (to the extent required) and, so
long as no Default or Event of Default has occurred and is continuing, the
Borrower, and delivered to the Administrative Agent for its acceptance and
recording in the Register; provided, however, that (A) any sale or assignment
to an existing Lender, or Affiliate or Approved Fund thereof, shall not require
the consent of the Borrower nor shall any such sale or assignment be subject to
the minimum assignment amounts specified herein and (B) any sale or assignment
of a portion of the Tranche B Term Loan and a Tranche B Term Loan Commitment
shall not require the consent of the Borrower. Upon such execution, delivery,
acceptance and recording, from and after the Transfer Effective Date specified
in such Commitment Transfer Supplement, (x) the Purchasing Lender thereunder
shall be a party hereto and, to the extent provided in such Commitment Transfer
Supplement, have the rights and obligations of a Lender hereunder with a
Commitment as set forth therein, and (y) the transferor Lender thereunder
shall, to the extent provided in such Commitment Transfer Supplement, be
released from its obligations under this Credit Agreement (and, in the case of
a Commitment Transfer Supplement covering all or the remaining portion of a
transferor Lender’s rights and obligations under this Credit Agreement, such
transferor Lender shall cease to be a
party hereto). Such Commitment Transfer Supplement shall be deemed to
amend this Credit Agreement to the extent, and only to the extent, necessary to
reflect the addition of such Purchasing Lender and the resulting adjustment of
Commitment Percentages arising from the purchase by such Purchasing Lender of
all or a portion of the rights and obligations of such transferor Lender under
this Credit Agreement and the Notes. On or prior to the Transfer Effective
Date specified in such Commitment Transfer Supplement, the Borrower, at its own
expense, shall execute and deliver to the Administrative Agent in exchange for
the Notes delivered to the Administrative Agent pursuant to such Commitment
Transfer Supplement new Notes to the order of such Purchasing Lender in an
amount equal to the Commitment assumed by it pursuant to such Commitment
Transfer Supplement and, unless the transferor Lender has not retained a
Commitment hereunder, new Notes to the order of the transferor

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Lender in an
amount equal to the Commitment retained by it hereunder. Such new Notes shall
be dated the Closing Date and shall otherwise be in the form of the Notes
replaced thereby.

     RRRRRRR. The Administrative Agent, acting solely for this purpose as an
agent of the Borrower, shall maintain at its address referred to in Section 9.2
a copy of each Commitment Transfer Supplement delivered to it and a register
(the “Register”) for the recordation of the names and addresses of the Lenders
and the Commitment of, and principal amount of the Loans owing to, each Lender
from time to time. The entries in the Register shall be conclusive, in the
absence of manifest error, and the Borrower, the Administrative Agent and the
Lenders may treat each Person whose name is recorded in the Register as the
owner of the Loan recorded therein for all purposes of this Credit Agreement.
The Register shall be available for inspection by the Borrower or any Lender at
any reasonable time and from time to time upon reasonable prior notice.

     SSSSSSS. Upon its receipt of a duly executed Commitment Transfer
Supplement, together with payment to the Administrative Agent by the transferor
Lender or the Purchasing Lender (except for any assignment by a Lender to an
Affiliate of such Lender), as agreed between them, of a registration and
processing fee of $3,500 for each Purchasing Lender (except that in the case
of contemporaneous assignments by a Lender to more than one Approved Fund
managed by the same investment advisor which are not then Lenders hereunder,
only a single such $3,500 fee shall be payable for contemporaneous assignments)
listed in such Commitment Transfer Supplement and the Notes subject to such
Commitment Transfer Supplement (for which neither the Borrower, nor any
Subsidiary shall have any obligations for payment or reimbursement), the
Administrative Agent shall (i) accept such Commitment Transfer Supplement and
(ii) record the information contained therein in the Register.

     TTTTTTT. Each Credit Party authorizes each Lender to disclose to any
Participant or Purchasing Lender (each, a “Transferee”) and any prospective
Transferee any and all financial information in such Lender’s possession
concerning the Credit Parties and their Affiliates which has been delivered to
such Lender by or on behalf of a Credit Party pursuant to this Credit Agreement
or which has been delivered to such Lender by or on behalf of a Credit Party in
connection with such Lender’s credit evaluation of the Credit Parties and their
Affiliates prior to becoming a party to this Credit Agreement, in each case
subject to Section 9.14.

     UUUUUUU. At the time of each assignment pursuant to this Section 9.6 to a
Person which is not already a Lender hereunder and which is not a United States
person (as such term is defined in Section 7701(a)(30) of the Code) for federal income tax
purposes, the respective assignee Lender shall provide to the Borrower and the
Administrative Agent the appropriate Internal Revenue Service Forms (and, if
applicable, a 2.18 Certificate) described in Section 2.18.

     VVVVVVV. Nothing herein shall prohibit any Lender from pledging or
assigning any of its rights under this Credit Agreement (including, without
limitation, any right to payment of principal and interest under any Note) to
secure obligations of such Lender, including without limitation, (i) any pledge
or assignment to secure obligations to a Federal Reserve Bank and (ii) in the
case of any Lender that is a fund or trust or entity that invests in commercial
bank loans in the ordinary course of business, any pledge or assignment to any
holders of obligations owed, or securities issued, by such Lender including to
any trustee for, or any other representative of, such

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holders; it being
understood that the requirements for assignments set forth in this Section 9.6
shall not apply to any such pledge or assignment of a security interest, except
with respect to any foreclosure or similar action taken by such pledgee or
assignee with respect to such pledge or assignment; 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 and no such pledgee or assignee shall have any voting
rights under this Credit Agreement unless and until the requirements for
assignments set forth in this Section 9.6 are complied with in connection with
any foreclosure or similar action taken by such pledgee or assignee.

     99. Adjustments; Set-off.

     WWWWWWW. Each Lender agrees that if any Lender (a “benefited Lender”)
shall at any time receive any payment of all or part of its Loans, or interest
thereon, or receive any collateral in respect thereof (whether voluntarily or
involuntarily, by set-off, pursuant to a Bankruptcy Event, or otherwise) in a
greater proportion than any such payment to or collateral received by any other
Lender, if any, in respect of such other Lender’s Loans, or interest thereon,
such benefited Lender shall purchase for cash from the other Lenders a
participating interest in such portion of each such other Lender’s Loan, or
shall provide such other Lenders with the benefits of any such collateral, or
the proceeds thereof, as shall be necessary to cause such benefited Lender to
share the excess payment or benefits of such collateral or proceeds 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. The Borrower agrees that
each Lender so purchasing a portion of another Lender’s Loans may exercise all
rights of payment (including, without limitation, rights of set-off) with
respect to such portion as fully as if such Lender were the direct holder of
such portion.

     XXXXXXX. In addition to any rights and remedies of the Lenders provided by
law (including, without limitation, other rights of set-off), each Lender shall
have the right, without prior notice to the Borrower, any such notice being
expressly waived by the Borrower to the extent permitted by applicable law,
upon the occurrence of any Event of Default, to setoff and appropriate and
apply any and all deposits (general or special, time or demand, provisional or
final), 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 by or owing to such Lender or any branch
or agency thereof to or for the credit or the account of the Borrower or any other Credit Party, or any part thereof in such
amounts as such Lender may elect, against and on account of the Loans and other
Credit Party Obligations of the Borrower and the other Credit Parties to such
Lender hereunder and claims of every nature and description of such Lender
against the Borrower and the other Credit Parties, in any currency, whether
arising hereunder, under any other Credit Document or any Hedging Agreement
provided by such Lender pursuant to the terms of this Agreement, as such Lender
may elect, whether or not such Lender has made any demand for payment and
although such obligations, liabilities and claims may be contingent or
unmatured. The aforesaid right of set-off may be exercised by such Lender
against the Borrower, any other Credit Party or against any trustee in
bankruptcy, debtor in possession, assignee for the benefit of creditors,
receiver or execution, judgment or attachment creditor of the Borrower or any
other Credit Party, or against anyone else claiming through or

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against the
Borrower, any other Credit Party or any such trustee in bankruptcy, debtor in
possession, assignee for the benefit of creditors, receiver, or execution,
judgment or attachment creditor, notwithstanding the fact that such right of
set-off shall not have been exercised by such Lender prior to the occurrence of
any Event of Default. Each Lender agrees promptly to notify the Borrower and
the Administrative Agent after any such set-off and application made by such
Lender; provided, however, that the failure to give such notice shall not
affect the validity of such set-off and application.

     100. Table of Contents and Section Headings.

     The table of contents and the Section and subsection headings herein are
intended for convenience only and shall be ignored in construing this Credit
Agreement.

     101. Counterparts.

     This Credit Agreement may be executed by one or more of the parties to
this Credit Agreement on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument. A counterpart hereof (or signature page thereto) signed and
transmitted by any Person party hereto to the Administrative Agent (or its
counsel) by facsimile machine, telecopier or electronic mail is to be treated
as an original. The signature of such Person thereon, for purposes hereof, is
to be considered as an original signature, and the counterpart (or signature
page thereto) so transmitted is to be considered to have the same binding
effect as an original signature on an original document. A set of the copies
of this Credit Agreement signed by all the parties shall be lodged with the
Borrower and the Administrative Agent.

     102. Integration; Effectiveness; Continuing Agreement.

     YYYYYYY. This Credit Agreement, together with the other Credit Documents,
comprises the complete and integrated agreement of the parties on the subject
matter hereof and thereof and supersedes all prior agreements, written or oral,
on such subject matter. In the event of any conflict between the provisions of
this Credit Agreement and those of any other Credit Document, the provisions of
this Credit Agreement shall control; provided that the inclusion of
supplemental rights or remedies in favor of the Administrative Agent or the
Lenders in any other Credit Document shall not be deemed a conflict with this
Credit Agreement. Each Credit Document was drafted with the joint
participation of the respective parties thereto and shall be construed neither against nor in favor of any party, but rather in
accordance with the fair meaning thereof.

     ZZZZZZZ. This Credit Agreement shall become effective at such time when
all of the conditions set forth in Section 4.1 have been satisfied or waived by
the Lenders and it shall have been executed by the Borrower, the Guarantors and
the Administrative Agent, and the Administrative Agent shall have received
copies hereof (telefaxed or otherwise) which, when taken together, bear the
signatures of each Lender, and thereafter this Credit Agreement shall be
binding upon and inure to the benefit of the Borrower, the Guarantors, the
Administrative Agent and each Lender and their respective successors and
permitted assigns.

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     AAAAAAAA. This Credit Agreement shall be a continuing agreement and shall
remain in full force and effect until all Loans, LOC Obligations, interest,
fees and other Credit Party Obligations (other than those obligations that
expressly survive the termination of this Credit Agreement) have been paid in
full and all Commitments and Letters of Credit have been terminated. Upon
termination, the Credit Parties shall have no further obligations (other than
those obligations that expressly survive the termination of this Credit
Agreement) under the Credit Documents and the Administrative Agent shall, at
the request and expense of the Borrower, deliver all the Collateral in its
possession to the Borrower and release all Liens on the Collateral; provided
that should any payment, in whole or in part, of the Credit Party Obligations
be rescinded or otherwise required to be restored or returned by the
Administrative Agent or any Lender, whether as a result of any proceedings in
bankruptcy or reorganization or otherwise, then the Credit Documents shall
automatically be reinstated and all Liens of the Administrative Agent shall
reattach to the Collateral and all amounts required to be restored or returned
and all costs and expenses incurred by the Administrative Agent or any Lender
in connection therewith shall be deemed included as part of the Credit Party
Obligations.

     103. Severability.

     Any provision of this Credit Agreement which 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.

     104. Governing Law.

     This Credit Agreement and the Notes and the rights and obligations of the
parties under this Credit Agreement and the Notes shall be governed by, and
construed and interpreted in accordance with, the law of the State of North
Carolina.

     105. Consent to Jurisdiction and Service of Process.

     All judicial proceedings brought against the Borrower and/or any other
Credit Party with respect to this Credit Agreement, any Note or any of the
other Credit Documents may be brought in any state or federal court of
competent jurisdiction in the State of North Carolina, and, by execution and
delivery of this Credit Agreement, each of the Borrower and the other Credit
Parties accepts, for itself and in connection with its properties, generally
and unconditionally, the non-exclusive jurisdiction of the aforesaid courts and
irrevocably agrees to be bound by any final judgment rendered thereby in
connection with this Credit Agreement from which no appeal has been taken or is
available. Each of the Borrower and the other Credit Parties irrevocably
agrees that all service of process in any such proceedings in any such court
may be effected by mailing a copy thereof by registered or certified mail (or
any substantially similar form of mail), postage prepaid, to it at its address
set forth in Section 9.2 or at such other address of which the Administrative
Agent shall have been notified pursuant thereto, such service being hereby
acknowledged by the each of the Borrower and the other Credit Parties to be
effective and binding service in every respect. Each of the Borrower, the
other Credit Parties, the Administrative Agent and the Lenders irrevocably
waives any objection, including, without

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limitation, any objection to the
laying of venue or based on the grounds of forum non conveniens, which it may
now or hereafter have to the bringing of any such action or proceeding in any
such jurisdiction. Nothing herein shall affect the right to serve process in
any other manner permitted by law or shall limit the right of any Lender to
bring proceedings against the Borrower or the other Credit Parties in the court
of any other jurisdiction.

     106. Arbitration.

     BBBBBBBB. Notwithstanding the provisions of Section 9.13 to the contrary,
upon demand of any party hereto, whether made before or within three (3) months
after institution of any judicial proceeding, any dispute, claim or controversy
arising out of, connected with or relating to this Credit Agreement and the
other Credit Documents (“Disputes”) between or among parties to this Credit
Agreement shall be resolved by binding arbitration as provided herein.
Institution of a judicial proceeding by a party does not waive the right of
that party to demand arbitration hereunder. Disputes may include, without
limitation, tort claims, counterclaims, disputes as to whether a matter is
subject to arbitration, claims brought as class actions, claims arising from
Credit Documents executed in the future, or claims arising out of or connected
with the transactions reflected by this Credit Agreement.

     Arbitration shall be conducted under and governed by the Commercial
Arbitration Rules (the “Arbitration Rules”) of the American Arbitration
Association (the “AAA”) and Title 9 of the U.S. Code. All arbitration hearings
shall be conducted in Charlotte, North Carolina. A hearing shall begin within
90 days of demand for arbitration and all hearings shall be concluded within
120 days of demand for arbitration. These time limitations may not be extended
unless a party shows cause for extension and then no more than a total
extension of 60 days. The expedited procedures set forth in Rule 51 et seq. of
the Arbitration Rules shall be applicable to claims of less than $1,000,000.
All applicable statutes of limitation shall apply to any Dispute. A judgment
upon the award may be entered in any court having jurisdiction. Arbitrators
shall be licensed attorneys selected from the Commercial Financial Dispute
Arbitration Panel of the AAA. The parties hereto do not waive applicable
Federal or state substantive law except as provided herein. Notwithstanding
the foregoing, this arbitration provision does not apply to disputes under or
related to Hedging Agreements.

     CCCCCCCC. Notwithstanding the preceding binding arbitration provisions,
the Administrative Agent, the Lenders, the Borrower and the other Credit
Parties agree to preserve, without diminution, certain remedies that the
Administrative Agent on behalf of the Lenders may
employ or exercise freely, independently or in connection with an
arbitration proceeding or after an arbitration action is brought. The
Administrative Agent on behalf of the Lenders shall have the right to proceed
in any court of proper jurisdiction or by self-help to exercise or prosecute
the following remedies, as applicable (i) all rights to foreclose against any
real or personal property or other security by exercising a power of sale
granted under Credit Documents or under applicable law or by judicial
foreclosure and sale, including a proceeding to confirm the sale; (ii) all
rights of self-help including peaceful occupation of real property and
collection of rents, set-off, and peaceful possession of personal property;
(iii) obtaining provisional or ancillary remedies including injunctive relief,
sequestration, garnishment, attachment, appointment of receiver and filing an
involuntary bankruptcy proceeding; and (iv) when applicable, a judgment

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by confession of judgment. Preservation of these remedies does not limit the
power of an arbitrator to grant similar remedies that may be requested by a
party in a Dispute.

     DDDDDDDD. The parties hereto agree that they shall not have a remedy of
punitive or exemplary damages against the other in any Dispute and hereby waive
any right or claim to punitive or exemplary damages they have now or which may
arise in the future in connection with any Dispute whether the Dispute is
resolved by arbitration or judicially.

     EEEEEEEE. By execution and delivery of this Credit Agreement, each of the
parties hereto accepts, for itself and in connection with its properties,
generally and unconditionally, the non-exclusive jurisdiction relating to any
arbitration proceedings conducted under the Arbitration Rules in Charlotte,
North Carolina and irrevocably agrees to be bound by any final judgment
rendered thereby in connection with this Credit Agreement from which no appeal
has been taken or is available.

     107. Confidentiality.

     The Administrative Agent and each of the Lenders agrees that, without the
prior consent of the Borrower, it will use its best efforts not to disclose any
information with respect to the Credit Parties which is furnished pursuant to
this Credit Agreement, any other Credit Document or any documents contemplated
by or referred to herein or therein and which is designated by the Borrower to
the Lenders in writing as confidential or as to which it is otherwise
reasonably clear such information is not public, except that any Lender may
disclose any such information (a) to its employees, Affiliates, auditors and
counsel or to another Lender, (b) as has become generally available to the
public other than by a breach of this Section 9.15, (c) as may be required or
appropriate in any report, statement or testimony submitted to any municipal,
state or federal regulatory body having or claiming to have jurisdiction over
such Lender or to the Federal Reserve Board or the Federal Deposit Insurance
Corporation or the OCC or the NAIC or similar organizations (whether in the
United States or elsewhere) or their successors, (d) as may be required or
appropriate in response to any summons or subpoena or any law, order,
regulation or ruling applicable to such Lender, (e) to any prospective
Participant or assignee in connection with any contemplated transfer pursuant
to Section 9.6; provided that such prospective transferee shall have been made
aware of this Section 9.15 and shall have agreed to be bound by its provisions
as if it were a party to this Credit Agreement, (f) to Gold Sheets and other
similar bank trade publications; such information to consist of deal terms and
other information regarding the credit facilities evidenced by this Credit
Agreement customarily found in such publications, (g) in connection with any
suit, action or proceeding for the purpose of defending
itself, reducing its liability, or protecting or exercising any of its claims,
rights, remedies or interests under or in connection with the Credit Documents
or any Secured Hedging Agreement, (h) to any direct or indirect contractual
counterparty in swap agreements or such contractual counterparty’s professional
advisor (so long as such contractual counterparty or professional advisor to
such contractual counterparty agrees to be bound by the provisions of this
Section 9.15), and (i) to the National Association of Insurance Commissioners
or any similar organization or any nationally recognized rating agency that
requires access to information about a Lender’s investment portfolio in
connection with ratings issued with respect to such Lender.

     108. Acknowledgments.

     The Borrower and the other Credit Parties each hereby acknowledges that:

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     FFFFFFFF. it has been advised by counsel in the negotiation, execution and
delivery of each Credit Document;

     GGGGGGGG. neither the Administrative Agent nor any Lender has any
fiduciary relationship with or duty to the Borrower or any other Credit Party
arising out of or in connection with this Credit Agreement and the relationship
between Administrative Agent and Lenders, on one hand, and the Borrower and the
other Credit Parties, on the other hand, in connection herewith is solely that
of debtor and creditor; and

     HHHHHHHH. no joint venture exists among the Lenders or among the Borrower
or the other Credit Parties and the Lenders.

     109. Waivers of Jury Trial; Waiver of Consequential Damages.

     THE BORROWER, THE OTHER CREDIT PARTIES, THE ADMINISTRATIVE AGENT AND THE
LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE, TO THE EXTENT PERMITTED
BY APPLICABLE LAW, TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO
THIS CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM
THEREIN. Each of the Borrower, the other Credit Parties, the Administrative
Agent and the Lenders agree not to assert any claim against any other party to
this Credit Agreement or any their respective directors, officers, employees,
attorneys, Affiliates or agents, on any theory of liability, for special,
indirect, consequential or punitive damages arising out of or otherwise
relating to any of the transactions contemplated herein.

     110. Patriot Act Notice.

     Each Lender and the Administrative Agent (for itself and not on behalf of
any other party) 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 or the Administrative Agent, as applicable, to identify the Borrower in
accordance with the Patriot Act.

     (j)

GUARANTY

     111. The Guaranty.

     In order to induce the Lenders to enter into this Credit Agreement and any
Hedging Agreement Provider to enter into any Secured Hedging Agreement and to
extend credit hereunder and thereunder and in recognition of the direct
benefits to be received by the Guarantors from the Extensions of Credit
hereunder and any Secured Hedging Agreement, each of the Guarantors hereby
agrees with the Administrative Agent and the Lenders as follows: the

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Guarantor
hereby unconditionally and irrevocably jointly and severally guarantees as
primary obligor and not merely as surety the full and prompt payment when due,
whether upon maturity, by acceleration or otherwise, of any and all Credit
Party Obligations. If any or all of the Credit Party Obligations becomes due
and payable hereunder or under any Secured Hedging Agreement, each Guarantor
unconditionally promises to pay such indebtedness to the Administrative Agent,
the Lenders, the Hedging Agreement Providers, or their respective order, or
demand, together with any and all reasonable expenses which may be incurred by
the Administrative Agent or the Lenders in collecting any of the Credit Party
Obligations.

     Notwithstanding any provision to the contrary contained herein or in any
other of the Credit Documents, to the extent the obligations of a Guarantor
shall be adjudicated to be invalid or unenforceable for any reason (including,
without limitation, because of any applicable state or federal law relating to
fraudulent conveyances or transfers) then the obligations of each such
Guarantor hereunder shall be limited to the maximum amount that is permissible
under applicable law (whether federal or state and including, without
limitation, the Bankruptcy Code).

     112. Bankruptcy.

     Additionally, each of the Guarantors unconditionally and irrevocably
guarantees jointly and severally the payment of any and all Credit Party
Obligations of the Borrower to the Lenders and any Hedging Agreement Provider
whether or not due or payable by the Borrower upon the occurrence of any
Bankruptcy Event, and unconditionally promises to pay such Credit Party
Obligations to the Administrative Agent for the account of the Lenders and to
any such Hedging Agreement Provider, or order, on demand, in lawful money of
the United States. Each of the Guarantors further agrees that to the extent
that the Borrower or a Guarantor shall make a payment or a transfer of an
interest in any property to the Administrative Agent, any Lender or any Hedging
Agreement Provider, which payment or transfer or any part thereof is
subsequently invalidated, declared to be fraudulent or preferential, or
otherwise is avoided, and/or required to be repaid to the Borrower or a
Guarantor, the estate of the Borrower or a Guarantor, a trustee, receiver or
any other party under any bankruptcy law, state or federal law, common law or
equitable cause, then to the extent of such avoidance or repayment, the
obligation or part thereof intended to be satisfied shall be revived and
continued in full force and effect as if said payment had not been made.

     113. Nature of Liability.

     The liability of each Guarantor hereunder is exclusive and independent of
any security for or other guaranty of the Credit Party Obligations of the
Borrower whether executed by any such Guarantor, any other guarantor or by any
other party, and no Guarantor’s liability hereunder shall be affected or
impaired by (a) any direction as to application of payment by the Borrower or
by any other party, or (b) any other continuing or other guaranty, undertaking
or maximum liability of a guarantor or of any other party as to the Credit
Party Obligations of the Borrower, or (c) any payment on or in reduction of any
such other guaranty or undertaking, or (d) any dissolution, termination or
increase, decrease or change in personnel by the Borrower, or (e) any payment
made to the Administrative Agent, the Lenders or any Hedging Agreement Provider
on the Credit Party Obligations which the Administrative Agent, such Lenders or
such Hedging Agreement Provider repay the Borrower pursuant to court order in
any bankruptcy,

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reorganization, arrangement, moratorium or other debtor relief
proceeding, and each of the Guarantors waives any right to the deferral or
modification of its obligations hereunder by reason of any such proceeding.

     114. Independent Obligation.

     The obligations of each Guarantor hereunder are independent of the
obligations of any other Guarantor or the Borrower, and a separate action or
actions may be brought and prosecuted against each Guarantor whether or not
action is brought against any other Guarantor or the Borrower and whether or
not any other Guarantor or the Borrower is joined in any such action or
actions.

     115. Authorization.

     Each of the Guarantors authorizes the Administrative Agent, each Lender
and each Hedging Agreement Provider without notice or demand (except as shall
be required by applicable statute and cannot be waived), and without affecting
or impairing its liability hereunder, from time to time to (a) renew,
compromise, extend, increase, accelerate or otherwise change the time for
payment of, or otherwise change the terms of the Credit Party Obligations or
any part thereof in accordance with this Agreement and any Secured Hedging
Agreement, as applicable, including any increase or decrease of the rate of
interest thereon, (b) take and hold security from any Guarantor or any other
party for the payment of this Guaranty or the Credit Party Obligations and
exchange, enforce waive and release any such security, (c) apply such security
and direct the order or manner of sale thereof as the Administrative Agent and
the Lenders in their discretion may determine and (d) release or substitute any
one or more endorsers, Guarantors, the Borrower or other obligors.

     116. Reliance.

     It is not necessary for the Administrative Agent, the Lenders or any
Hedging Agreement Provider to inquire into the capacity or powers of the
Borrower or the officers, directors, members, partners or agents acting or
purporting to act on its behalf, and any Credit Party Obligations made or
created in reliance upon the professed exercise of such powers shall be
guaranteed hereunder.

     117. Waiver.

     IIIIIIII. Each of the Guarantors waives any right (except as shall be
required by applicable statute and cannot be waived) to require the
Administrative Agent, any Lender or any Hedging Agreement Provider to (i)
proceed against the Borrower, any other guarantor or any other party, (ii)
proceed against or exhaust any security held from the Borrower, any other
guarantor or any other party, or (iii) pursue any other remedy in the
Administrative Agent’s, any Lender’s or any Hedging Agreement Provider’s power
whatsoever. Each of the Guarantors waives any defense based on or arising out
of any defense of the Borrower, any other guarantor or any other party other
than payment in full of the Credit Party Obligations (other than contingent
indemnity obligations), including without limitation any defense based on or
arising out of the disability of the Borrower, any other guarantor or any other
party, or the unenforceability of the Credit Party

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Obligations or any part
thereof from any cause, or the cessation from any cause of the liability of the
Borrower other than payment in full of the Credit Party Obligations. Without
limiting the generality of the provisions of this Article X, each of the
Guarantors hereby specifically waives the benefits of N.C. Gen. Stat. § 26-7
through 26-9, inclusive. The Administrative Agent may, at its election,
foreclose on any security held by the Administrative Agent by one or more
judicial or nonjudicial sales (to the extent such sale is permitted by
applicable law), or exercise any other right or remedy the Administrative Agent
or any Lender may have against the Borrower or any other party, or any
security, without affecting or impairing in any way the liability of any
Guarantor hereunder except to the extent the Credit Party Obligations have been
paid in full and the Commitments have been terminated. Each of the Guarantors
waives any defense arising out of any such election by the Administrative Agent
or any of the Lenders, even though such election operates to impair or
extinguish any right of reimbursement or subrogation or other right or remedy
of the Guarantors against the Borrower or any other party or any security.

     JJJJJJJJ. Each of the Guarantors waives all presentments, demands for
performance, protests and notices, including without limitation notices of
nonperformance, notice of protest, notices of dishonor, notices of acceptance
of this Guaranty, and notices of the existence, creation or incurring of new or
additional Credit Party Obligations. Each Guarantor assumes all responsibility
for being and keeping itself informed of the Borrower’s financial condition and
assets, and of all other circumstances bearing upon the risk of nonpayment of
the Credit Party Obligations and the nature, scope and extent of the risks
which such Guarantor assumes and incurs hereunder, and agrees that neither the
Administrative Agent nor any Lender shall have any duty to advise such
Guarantor of information known to it regarding such circumstances or risks.

     KKKKKKKK. Each of the Guarantors hereby agrees it will not exercise any
rights of subrogation which it may at any time otherwise have as a result of
this Guaranty (whether contractual, under Section 509 of the U.S. Bankruptcy
Code, or otherwise) to the claims of the Lenders or any Hedging Agreement
Provider against the Borrower or any other guarantor of the Credit Party
Obligations of the Borrower owing to the Lenders or such Hedging Agreement
Provider (collectively, the “Other Parties”) and all contractual, statutory or
common law rights of reimbursement, contribution or indemnity from any Other
Party which it may at any time otherwise have as a result of this Guaranty
until such time as the Credit Party Obligations shall have been paid in full
and the Commitments have been terminated. Each of the Guarantors hereby
further agrees not to exercise any right to enforce any other remedy which the
Administrative Agent, the Lenders or any Hedging Agreement Provider now have or
may hereafter have against any Other Party, any endorser or any other guarantor
of all or any part of the Credit Party Obligations of the Borrower and any benefit of, and any
right to participate in, any security or collateral given to or for the benefit
of the Lenders and/or the Hedging Agreement Providers to secure payment of the
Credit Party Obligations of the Borrower until such time as the Credit Party
Obligations (other than contingent indemnity obligations) shall have been paid
in full and the Commitments have been terminated.

     118. Limitation on Enforcement.

     The Lenders and the Hedging Agreement Providers agree that this Guaranty
may be enforced only by the action of the Administrative Agent acting upon the
instructions of the

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Required Lenders or such Hedging Agreement Provider (only
with respect to obligations under the applicable Secured Hedging Agreement) and
that no Lender or Hedging Agreement Provider shall have any right individually
to seek to enforce or to enforce this Guaranty, it being understood and agreed
that such rights and remedies may be exercised by the Administrative Agent for
the benefit of the Lenders under the terms of this Credit Agreement and for the
benefit of any Hedging Agreement Provider under any Secured Hedging Agreement.
The Lenders and the Hedging Agreement Providers further agree that this
Guaranty may not be enforced against any director, officer, employee or
stockholder of the Guarantors.

     119. Confirmation of Payment.

     The Administrative Agent and the Lenders will, upon request after payment
of the Credit Party Obligations and termination of the Commitments relating
thereto, confirm to the Borrower, the Guarantors or any other Person that such
indebtedness and obligations have been paid and the Commitments relating
thereto terminated, subject to the provisions of Section 10.2.

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NCI BUILDING SYSTEMS, INC.

CREDIT AGREEMENT

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

	 	 	 	 	 
	BORROWER:         	NCI BUILDING SYSTEMS, INC.

 	 
	 	By:  	/s/ Robert J. Medlock
 	 
	 	 	Name:  	Robert J. Medlock 	 
	 	 	Title:  	Executive Vice President and
Chief Financial Officer 	 
	 
	GUARANTORS: 	NCI HOLDING CORP.

NCI OPERATING CORP.

METAL COATERS OF CALIFORNIA, INC.

 	 
	 	By:  	/s/ Robert J. Medlock
 	 
	 	 	Name:  	Robert J. Medlock 	 
	 	 	Title:  	Executive Vice President and
Chief Financial Officer 	 
	 
	 	A & S BUILDING SYSTEMS, L.P.

NCI BUILDING SYSTEMS, L.P.

METAL BUILDING COMPONENTS, L.P.

NCI GROUP, L.P.

     NCI OPERATING CORP.,

     as General Partner

 	 
	 	By:  	/s/ Robert J. Medlock
 	 
	 	 	Name:  	Robert J. Medlock 	 
	 	 	Title:  	Executive Vice President and

Chief Financial Officer 	 

 

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NCI BUILDING SYSTEMS, INC.

CREDIT AGREEMENT

	 	 	 	 	 
	ADMINISTRATIVE AGENT AND LENDERS:        	WACHOVIA BANK, NATIONAL

ASSOCIATION,

as Administrative Agent and as a Lender

 	 
	 	By:  	/s/ Glenn F. Edwards
 	 
	 	 	Name:  	Glenn F. Edwards 	 
	 	 	Title:  	Managing Director 	 

 

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NCI BUILDING SYSTEMS, INC.

CREDIT AGREEMENT

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as Syndication Agent and as a Lender

 	 
	 	By:  	/s/ Brian D. Corum
 	 
	 	 	Name:  	Brian D. Corum 	 
	 	 	Title:  	Managing Director 	 

 

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NCI BUILDING SYSTEMS, INC.

CREDIT AGREEMENT

	 	 	 	 	 
	 	ALLIED IRISH BANKS, P.L.C.,

as a Lender

 	 
	 	By:  	/s/
Margaret Brennan
 	 
	 	 	Name:  	Margaret Brennan 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	                       /s/ Joseph S. Aubujois
 	 
	 	 	Name:  	Joseph S. Aubujois 	 
	 	 	Title:  	Vice President 	 

 

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NCI BUILDING SYSTEMS, INC.

CREDIT AGREEMENT

	 	 	 	 	 
	 	BNP PARIBAS,

as a Lender

 	 
	 	By:  	/s/ Mike Shryock
 	 
	 	 	Name:  	Mike Shryock 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                        /s/ Aurora L. Abella
 	 
	 	 	Name:  	Aurora L. Abella 	 
	 	 	Title:  	Vice President 	 

 

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NCI BUILDING SYSTEMS, INC.

CREDIT AGREEMENT

	 	 	 	 	 
	 	CREDIT INDUSTRIEL ET

COMMERCIAL, as a Lender

 	 
	 	By:  	/s/ Anthony Rock
 	 
	 	 	Name:  	Anthony Rock 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	                         /s/ Marcus Edward
 	 
	 	 	Name:  	Marcus Edward 	 
	 	 	Title:  	Vice President 	 

 

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NCI BUILDING SYSTEMS, INC.

CREDIT AGREEMENT

	 	 	 	 	 
	 	COOPERATIEVE CENTRALE

RAIFFEISEN-BOERENLEENBANK B.V.

“RABOBANK INTERNATIONAL”,

NEW YORK BRANCH, as a Lender

 	 
	 	By:  	/s/ Bert M. Corum
 	 
	 	 	Name:  	Bert M. Corum 	 
	 	 	Title:  	Executive Director 	 
	 
	 	 	 
	 	By:  	                       /s/ Rebecca O. Morrow
 	 
	 	 	Name:  	Rebecca O. Morrow 	 
	 	 	Title:  	Executive Director 	 

 

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NCI BUILDING SYSTEMS, INC.

CREDIT AGREEMENT

	 	 	 	 	 
	 	GENERAL ELECTRIC CAPITAL

CORPORATION, as a Lender

 	 
	 	By:  	/s/ Brian P. Schwinn
 	 
	 	 	Name:  	Brian P. Schwinn 	 
	 	 	Title:  	Duly Authorized Signatory 	 

 

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NCI BUILDING SYSTEMS, INC.

CREDIT AGREEMENT

	 	 	 	 	 
	 	GUARANTY BANK, as a Lender

 	 
	 	By:  	/s/ Scott L. Brewer
 	 
	 	 	Name:  	Scott L. Brewer 	 
	 	 	Title:  	Senior Vice President 	 

 

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NCI BUILDING SYSTEMS, INC.

CREDIT AGREEMENT

	 	 	 	 	 
	 	NATIONAL CITY BANK,

as a Lender

 	 
	 	By:  	/s/ Frank Byrne
 	 
	 	 	Name:  	Frank Byrne 	 
	 	 	Title:  	Account Officer 	 

 

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NCI BUILDING SYSTEMS, INC.

CREDIT AGREEMENT

	 	 	 	 	 
	 	SOUTHWEST BANK OF TEXAS, N.A.,

as a Lender

 	 
	 	By:  	/s/ Bennett D. Douglas
 	 
	 	 	Name:  	Bennett D. Douglas 	 
	 	 	Title:  	Senior Vice President 	 

 

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NCI BUILDING SYSTEMS, INC.

CREDIT AGREEMENT

	 	 	 	 	 
	 	WASHINGTON MUTUAL BANK,

as a Lender

 	 
	 	By:  	/s/ Richard J. Ameny, Jr.
 	 
	 	 	Name:  	Richard J. Ameny, Jr. 	 
	 	 	Title:  	Vice President<PAGE>
                                                                    Exhibit 10.1

                          TERAYON COMMUNICATION SYSTEMS
                           1997 EQUITY INCENTIVE PLAN

                             STOCK OPTION AGREEMENT

            Pursuant to your Stock Option Grant Notice ("Grant Notice") and this
Stock Option Agreement, Terayon Communication Systems (the "Company") has
granted you an option under its 1997 Equity Incentive Plan (the "Plan") to
purchase the number of shares of the Company's Common Stock indicated in your
Grant Notice at the exercise price indicated in your Grant Notice.

            Your option is granted in connection with and in furtherance of the
Company's compensatory benefit plan for the Company's employees (including
officers), directors or consultants. Defined terms not explicitly defined in
this Stock Option Agreement but defined in the Plan shall have the same
definitions as in the Plan.

            The details of your option are as follows:

      1. VESTING. Subject to the limitations contained herein, your option will
vest as provided in the Grant Notice, provided that vesting will cease upon the
termination of your Continuous Status as an Employee, Director or Consultant.

      2. METHOD OF PAYMENT.

            (A) PAYMENT OPTIONS. Payment of the exercise price by cash or check
is due in full upon exercise of all or any part of your option, provided that
you may elect, to the extent permitted by applicable law and the Grant Notice,
to make payment of the exercise price under one of the following alternatives:

                  (I) Payment pursuant to a program developed under Regulation T
as promulgated by the Federal Reserve Board which, prior to the issuance of
Common Stock, results in either the receipt of cash (or check) by the Company or
the receipt of irrevocable instructions to pay the aggregate exercise price to
the Company from the sales proceeds;

                  (II) Provided that at the time of exercise the Company's
Common Stock is publicly traded and quoted regularly in the Wall Street Journal,
payment by delivery of already-owned shares of Common Stock, held for the period
required to avoid a charge to the Company's reported earnings, and owned free
and clear of any liens, claims, encumbrances or security interests, which Common
Stock shall be valued at its fair market value on the date of exercise; or

                  (III) Payment by a combination of the above methods.

      3. WHOLE SHARES. Your option may only be exercised for whole shares.
<PAGE>
      4. SECURITIES LAW COMPLIANCE. Notwithstanding anything to the contrary
contained herein, your option may not be exercised unless the shares issuable
upon exercise of your option are then registered under the Securities Act or, if
such shares are not then so registered, the Company has determined that such
exercise and issuance would be exempt from the registration requirements of the
Securities Act.

      5. TERM. The term of your option commences on the Date of Grant and
expires upon the earliest of:

            (I) the Expiration Date indicated in the Grant Notice;

            (II) the tenth (10th) anniversary of the Date of Grant;

            (III) eighteen (18) months after your death, if you die during, or
within three (3) months after the termination of your Continuous Status as an
Employee, Director or Consultant;

            (IV) twelve (12) months after the termination of your Continuous
Status as an Employee, Director or Consultant due to disability;

            (V) immediately after the termination of your Continuous Status as
Employee, Director or Consultant for Cause; or

            (VI) three (3) months after the termination of your Continuous
Status as an Employee, Director or Consultant for any other reason, provided
that if during any part of such three (3)-month period the option is not
exercisable solely because of the condition set forth in paragraph 5 (Securities
Law Compliance), in which event the option shall not expire until the earlier of
the Expiration Date or until it shall have been exercisable for an aggregate
period of three (3) months after the termination of Continuous Status as an
Employee, Director or Consultant.

            For these purposes, "Cause" shall include, but not be limited to,
the commission of any act of fraud, embezzlement or dishonesty, any unauthorized
use or disclosure of confidential information or trade secrets of the Company,
or any other intentional misconduct adversely affecting the business or affairs
of the Company in a material manner. The foregoing definition shall not be
deemed to be inclusive of all the acts or omissions which the Company may
consider as grounds for your dismissal or discharge.

            To obtain the federal income tax advantages associated with an
"incentive stock option," the Code requires that at all times beginning on the
grant date of the option and ending on the day three (3) months before the date
of the option's exercise, you must be an employee of the Company, except in the
event of your death or permanent and total disability. The Company cannot
guarantee that your option will be treated as an "incentive stock option" if you
exercise your option more than three (3) months after the date your employment
with the Company terminates. Termination of employment, for ISO purposes,
includes cessation of employment, but continued service as a director or
consultant (notwithstanding that your continuous status will not have terminated
for purpose of this Stock Option Agreement or the Plan).
<PAGE>
      6. EXERCISE.

            (A) You may exercise the vested portion of your option during its
term (and the unvested portion of your option if the Grant Notice so permits) by
delivering a notice of exercise (in a form designated by the Company) together
with the exercise price to the Secretary of the Company, or to such other person
as the Company may designate, during regular business hours, together with such
additional documents as the Company may then require.

            (B) By exercising your option you agree that:

                  (I) as a condition to any exercise of your option, the Company
may require you to enter an arrangement providing for the payment by you to the
Company of any tax withholding obligation of the Company arising by reason of
(1) the exercise of your option; (2) the lapse of any substantial risk of
forfeiture to which the shares are subject at the time of exercise; or (3) the
disposition of shares acquired upon such exercise;

                  (II) you will notify the Company in writing within fifteen
(15) days after the date of any disposition of any of the shares of the Common
Stock issued upon exercise of an incentive stock option that occurs within two
(2) years after the Date of Grant or within one (1) year after such shares of
Common Stock are transferred upon exercise of your option; and

                  (III) the Company (or a representative of the underwriters)
may, in connection with the first underwritten registration of the offering of
any securities of the Company under the Act, require that you not sell or
otherwise transfer or dispose of any shares of Common Stock or other securities
of the Company during such period (not to exceed one hundred eighty (180) days)
following the effective date of the registration statement of the Company filed
under the Act as may be requested by the Company or the representative of the
underwriters. You further agree that the Company may impose stop-transfer
instructions with respect to securities subject to the foregoing restrictions
until the end of such period.

      7. TRANSFERABILITY. Your option is not transferable, except by will or by
the laws of descent and distribution, and is exercisable during your life only
by you. Notwithstanding the foregoing, by delivering written notice to the
Company, in a form satisfactory to the Company, you may designate a third party
who, in the event of your death, shall thereafter be entitled to exercise your
option.

      8. RIGHT OF FIRST REFUSAL/RIGHT OF REPURCHASE. Vested shares that are
received upon exercise of your option are subject to any right of first refusal
that may be described in the Company's bylaws in effect at such time the Company
elects to exercise its right. The Company's right of first refusal shall expire
on the date of the first registration of an equity security of the Company under
Section 12 of the Exchange Act. In addition, to the extent provided in the
Company's bylaws as amended from time to time, the Company shall have the right
to repurchase all or any part of the shares received pursuant to the exercise of
your option, which right shall be in addition to any right created by exercise
prior to vesting.

      9. OPTION NOT A SERVICE CONTRACT. Your option is not an employment
contract and nothing in your option shall be deemed to create in any way
whatsoever any obligation on your part to continue in the employ of the Company,
or of the Company to continue your
<PAGE>
employment with the Company. In addition, nothing in your option shall obligate
the Company, its shareholders, board of directors, officers or employees to
continue any relationship which you might have as a director or consultant for
the Company.

      10. NOTICES. Any notices provided for in your option or the Plan shall be
given in writing and shall be deemed effectively given upon receipt or, in the
case of notices delivered by the Company to you, five (5) days after deposit in
the United States mail, postage prepaid, addressed to you at the last address
you provided to the Company.

      11. GOVERNING PLAN DOCUMENT. Your option is subject to all the provisions
of the Plan, the provisions of which are hereby made a part of your option,
including without limitation the provisions of the Plan relating to option
provisions, and is further subject to all interpretations, amendments, rules and
regulations which may from time to time be promulgated and adopted pursuant to
the Plan. In the event of any conflict between the provisions of your option and
those of the Plan, the provisions of the Plan shall control.

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