Document:

exv4w02

 

EXHIBIT 4.02

 

AMENDED AND RESTATED FIVE-YEAR CREDIT AGREEMENT

dated as of

November 10, 2006

among

KELLOGG COMPANY

The Borrowing Subsidiaries Party Hereto

The Lenders Party Hereto

and

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

J.P. MORGAN EUROPE LIMITED,

as London Agent

JPMORGAN CHASE BANK, N.A., TORONTO BRANCH,

as Canadian Agent

J.P. MORGAN AUSTRALIA LIMITED,

as Australian Agent

BARCLAYS BANK PLC,

as Syndication Agent

BANK OF AMERICA, N.A.,

CITIBANK, N.A.

and

SUNTRUST BANK,

as Co-Documentation Agents

J.P. MORGAN SECURITIES INC.

and

BARCLAYS CAPITAL,

as Joint Lead Arrangers and Joint Bookrunners

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE I

	 
	 	 	 	 
	Definitions

	 
	 	 	 	 
	SECTION 1.01. Defined Terms

	 	 	1	 
	SECTION 1.02. Classification of Loans and Borrowings

	 	 	30	 
	SECTION 1.03. Terms Generally

	 	 	30	 
	SECTION 1.04. Accounting Terms; GAAP

	 	 	31	 
	SECTION 1.05. Exchange Rates

	 	 	31	 
	SECTION 1.06. Determinations Made in Good Faith

	 	 	32	 
	 
	 	 	 	 
	ARTICLE II

	 
	 	 	 	 
	The Credits

	 
	 	 	 	 
	SECTION 2.01. Commitments

	 	 	32	 
	SECTION 2.02. Loans and Borrowings

	 	 	33	 
	SECTION 2.03. Requests for Revolving Borrowings

	 	 	35	 
	SECTION 2.04. Competitive Bid Procedure

	 	 	36	 
	SECTION 2.05. Swingline Loans

	 	 	40	 
	SECTION 2.06. Letters of Credit

	 	 	40	 
	SECTION 2.07. Canadian Bankers’ Acceptances

	 	 	44	 
	SECTION 2.08. Australian Reliquification Bills

	 	 	47	 
	SECTION 2.09. Funding of Borrowings and B/A Drawings

	 	 	48	 
	SECTION 2.10. Interest Elections

	 	 	48	 
	SECTION 2.11. Termination and Reduction of Commitments; Increase and Adjustment of Tranche
Commitments; ; Extension of Maturity Date and Commitments

	 	 	51	 
	SECTION 2.12. Repayment of Loans and B/As; Evidence of Debt

	 	 	54	 
	SECTION 2.13. Prepayment of Loans

	 	 	55	 
	SECTION 2.14. Fees

	 	 	57	 
	SECTION 2.15. Interest

	 	 	59	 
	SECTION 2.16. Alternate Rate of Interest

	 	 	60	 
	SECTION 2.17. Increased Costs

	 	 	61	 
	SECTION 2.18. Break Funding Payments

	 	 	62	 
	SECTION 2.19. Taxes

	 	 	63	 
	SECTION 2.20. Payments Generally; Pro Rata Treatment; Sharing of Set-offs

	 	 	64	 
	SECTION 2.21. Mitigation Obligations; Replacement of Lenders

	 	 	66	 
	SECTION 2.22. Borrowing Subsidiaries

	 	 	67	 
	SECTION 2.23. Additional Reserve Costs

	 	 	67	 
	SECTION 2.24. Redenomination of Certain Designated Foreign Currencies

	 	 	68	 

 

iii

	 	 	 	 	 
	 	 	Page
	ARTICLE III

	 
	 	 	 	 
	Representations and Warranties

	 
	 	 	 	 
	SECTION 3.01. Organization and Qualification

	 	 	69	 
	SECTION 3.02. Subsidiaries

	 	 	69	 
	SECTION 3.03. Corporate Authority and Validity of Obligations

	 	 	69	 
	SECTION 3.04. Margin Stock

	 	 	70	 
	SECTION 3.05. Financial Reports

	 	 	70	 
	SECTION 3.06. No Material Adverse Change

	 	 	70	 
	SECTION 3.07. Litigation

	 	 	70	 
	SECTION 3.08. Tax Returns

	 	 	70	 
	SECTION 3.09. Approvals

	 	 	71	 
	SECTION 3.10. ERISA

	 	 	71	 
	SECTION 3.11. Environmental Matters

	 	 	71	 
	SECTION 3.12. Properties

	 	 	71	 
	SECTION 3.13. Compliance with Laws

	 	 	72	 
	SECTION 3.14. Investment Company Status

	 	 	72	 
	SECTION 3.15. Disclosure

	 	 	72	 
	 
	 	 	 	 
	ARTICLE IV

	 
	 	 	 	 
	Conditions

	 
	 	 	 	 
	SECTION 4.01. Effective Date

	 	 	72	 
	SECTION 4.02. Each Borrowing

	 	 	73	 
	SECTION 4.03. Initial Borrowing by each Borrowing Subsidiary

	 	 	74	 
	 
	 	 	 	 
	ARTICLE V

	 
	 	 	 	 
	Affirmative Covenants

	 
	 	 	 	 
	SECTION 5.01. Corporate Existence

	 	 	74	 
	SECTION 5.02. Maintenance

	 	 	75	 
	SECTION 5.03. Taxes

	 	 	75	 
	SECTION 5.04. Insurance

	 	 	75	 
	SECTION 5.05. Financial Reports and Other Information

	 	 	75	 
	SECTION 5.06. Books and Records; Inspection Rights

	 	 	77	 
	SECTION 5.07. Compliance with Laws

	 	 	77	 
	 
	 	 	 	 
	ARTICLE VI

	 
	 	 	 	 
	Negative Covenants

	 
	 	 	 	 
	SECTION 6.01. Indebtedness

	 	 	77	 
	SECTION 6.02. Liens

	 	 	78	 
	SECTION 6.03. Sale and Leaseback Transactions

	 	 	79	 

 

iv

	 	 	 	 	 
	 	 	Page
	SECTION 6.04. Fundamental Changes

	 	 	79	 
	SECTION 6.05. Use of Proceeds

	 	 	80	 
	SECTION 6.06. Interest Expense Coverage Ratio

	 	 	80	 
	 
	 	 	 	 
	ARTICLE VII

	 
	 	 	 	 
	Events of Default

	 
	 	 	 	 
	ARTICLE VIII

	 
	 	 	 	 
	The Agents

	 
	 	 	 	 
	ARTICLE IX

	 
	 	 	 	 
	Guarantee

	 
	 	 	 	 
	ARTICLE X

	 
	 	 	 	 
	Miscellaneous

	 
	 	 	 	 
	SECTION 10.01. Notices

	 	 	88	 
	SECTION 10.02. Waivers; Amendments

	 	 	89	 
	SECTION 10.03. Expenses; Indemnity; Damage Waiver

	 	 	90	 
	SECTION 10.04. Successors and Assigns

	 	 	92	 
	SECTION 10.05. Survival

	 	 	95	 
	SECTION 10.06. Counterparts; Integration; Effectiveness

	 	 	95	 
	SECTION 10.07. Severability

	 	 	95	 
	SECTION 10.08. Right of Setoff

	 	 	96	 
	SECTION 10.09. Governing Law; Jurisdiction; Consent to Service of Process

	 	 	96	 
	SECTION 10.10. WAIVER OF JURY TRIAL

	 	 	97	 
	SECTION 10.11. Headings

	 	 	97	 
	SECTION 10.12. Confidentiality

	 	 	97	 
	SECTION 10.13. Interest Rate Limitation

	 	 	98	 
	SECTION 10.14. Conversion of Currencies

	 	 	98	 
	SECTION 10.15. USA Patriot Act

	 	 	99	 

 

v

	 	 	 	 	 
	 	 	Page
	SCHEDULES
	 	 	 	 
	 
	 	 	 	 
	Schedule 2.01  — Commitments
	 	 	 	 
	Schedule 2.20  — Payment Accounts
	 	 	 	 
	Schedule 3.02  — Significant Subsidiaries
	 	 	 	 
	Schedule 3.07  — Litigation
	 	 	 	 
	Schedule 3.08  — Taxes
	 	 	 	 
	Schedule 3.10  — ERISA
	 	 	 	 
	Schedule 3.11  — Environmental Matters
	 	 	 	 
	Schedule 6.01  — Outstanding Indebtedness
	 	 	 	 
	Schedule 6.02  — Existing Liens
	 	 	 	 
	Schedule 6.03  — Sale-Leaseback Transactions
	 	 	 	 
	 
	 	 	 	 
	EXHIBITS
	 	 	 	 
	 
	 	 	 	 
	Exhibit A  — Form of Assignment and Acceptance
	 	 	 	 
	Exhibit B-1  — Form of Borrowing Subsidiary Agreement
	 	 	 	 
	Exhibit B-2  — Form of Borrowing Subsidiary Termination
	 	 	 	 
	Exhibit C  — Reserve Costs
	 	 	 	 
	Exhibit D-1  — Form of Opinion of Gary H. Pilnick, Senior Vice President, General
Counsel, Corporate Development and Secretary
	 	 	 	 
	Exhibit D-2  — Form of Opinion of Kirkland & Ellis LLP, Counsel for the Borrowers
	 	 	 	 
	Exhibit E  — Form of Compliance Certificate
	 	 	 	 
	Exhibit F  — Form of Note
	 	 	 	 

 

     This AMENDED AND RESTATED FIVE-YEAR CREDIT AGREEMENT (this
“Agreement”) dated as of November 10, 2006, among KELLOGG COMPANY, a
Delaware corporation; the BORROWING SUBSIDIARIES party hereto; the LENDERS
party hereto; JPMORGAN CHASE BANK, N.A., as Administrative Agent; J.P.
MORGAN EUROPE LIMITED, as London Agent; JPMORGAN CHASE BANK, N.A., TORONTO
BRANCH, as Canadian Agent; J.P. MORGAN AUSTRALIA LIMITED, as Australian
Agent; BARCLAYS BANK PLC, as Syndication Agent; and BANK OF AMERICA, N.A.,
CITIBANK, N.A. and SUNTRUST BANK, as Co-Documentation Agents.

          The Borrowers (such term and each other capitalized term used and not otherwise defined herein
having the meaning assigned to it in Article I) have requested that the Existing Credit Agreement
be amended and restated in the form of this Agreement, and that the Lenders agree to extend credit
to enable them to (a) borrow on a revolving credit basis on and after the date hereof and at any
time and from time to time prior to the Maturity Date a principal amount not in excess of
US$2,000,000,000 at any time outstanding, (b) obtain Letters of Credit in an aggregate stated
amount not in excess of US$75,000,000 at any time outstanding, (c) obtain Swingline Loans in an
aggregate principal amount not in excess of US$100,000,000 at any time outstanding and (d) provide
a procedure under which Lenders may bid on an uncommitted basis on short-term borrowings by the
Borrowers maturing on or prior to the Maturity Date. The proceeds of such borrowings are to be
used to provide liquidity in connection with the Company’s commercial paper program and for other
general corporate purposes. The Letters of Credit will be used to support payment obligations
incurred in the ordinary course of business by the Borrowers. The Lenders are willing to extend
such credit to the Borrowers on the terms and subject to the conditions herein set forth.

          Accordingly, the parties hereto agree as follows:

ARTICLE I

Definitions

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

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

          “Adjusted LIBO Rate” means, with respect to any Eurocurrency Borrowing for any Interest
Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to
(a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

 

2

          “Administrative Agent” means JPMCB, in its capacity as administrative agent for the Lenders
hereunder, or any successor thereto appointed in accordance with Article VIII.

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

          “Affiliate” means, with respect to a specified Person, another Person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified.

          “Agents” means, collectively, the Administrative Agent, the London Agent, the Canadian Agent
and the Australian Agent.

          “Agreement Currency” has the meaning assigned to such term in Section 10.14(b).

          “Alternate Base Rate” means, 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%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the
Federal Funds Effective Rate shall be effective from and including the effective date of such
change in the Prime Rate, or the Federal Funds Effective Rate, respectively.

          “Applicable Agent” means (a) with respect to a Loan or Borrowing denominated in US Dollars, or
with respect to any payment that does not relate to any Loan or Borrowing, the Administrative
Agent, (b) with respect to a Loan or Borrowing denominated in Euro or Sterling, the London Agent,
(c) with respect to a Loan or Borrowing denominated in Canadian Dollars or a B/A, the Canadian
Agent, and (d) with respect to a Loan or a Borrowing denominated in Australian Dollars, the
Australian Agent.

          “Applicable Creditor” has the meaning assigned to such term in Section 10.14(b).

          “Applicable Percentage” means, with respect to any Lender, the percentage of the total
Commitments represented by such Lender’s Commitment. If the Commitments have terminated or
expired, the Applicable Percentages shall be determined based upon the Commitments most recently in
effect, giving effect to any assignments.

          “Applicable Rate” means, for any day, with respect to any Eurocurrency Revolving Loan, B/A
Drawing or Bill Rate Loan or with respect to the facility fees payable hereunder, as the case may
be, the applicable rate per annum set forth below under the caption “Eurocurrency, B/A Drawing and
Bill Rate Spread” or “Facility Fee Rate”, as the case may be, based upon the ratings by Moody’s and
S&P, respectively, applicable on such date to the Index Debt, it being understood that at any time
Usage exceeds 50%, and at all times after the Commitments shall have expired or been

 

3

terminated, the Applicable Rate for any Eurocurrency Revolving Loan, B/A Drawing or Bill Rate
Loan shall be set forth below under the caption “Eurocurrency, B/A Drawing and Bill Rate Spread
When Usage > 50%”:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Eurocurrency,	 	Eurocurrency,
	 	 	 	 	 	 	 	 	B/A Drawing	 	B/A Drawing and
	 	 	 	 	 	 	 	 	and Bill Rate	 	Bill Rate Spread
	 	 	 	 	Facility Fee	 	Spread When	 	When Usage >
	 	 	 	 	Rate	 	Usage
£ 50%	 	50%
	Category	 	Index Debt Ratings	 	(bps per annum)	 	(bps per annum)	 	(bps per annum)
	Category 1
	 	3A+/A1	 	 	4.5	 	 	 	10.5	 	 	 	15.5	 
	Category 2
	 	A/A2	 	 	5.0	 	 	 	15.0	 	 	 	20.0	 
	Category 3
	 	A-/A3	 	 	6.0	 	 	 	19.0	 	 	 	24.0	 
	Category 4
	 	BBB+/Baa1	 	 	7.5	 	 	 	27.5	 	 	 	32.5	 
	Category 5
	 	BBB/Baa2	 	 	10.0	 	 	 	35.0	 	 	 	40.0	 
	Category 6
	 	£BBB-/Baa3 or unrated	 	 	15.0	 	 	 	50.0	 	 	 	55.0	 

          For purposes of the foregoing, (i) if either Moody’s or S&P shall not have in effect a
rating for the Index Debt (other than by reason of the circumstances referred to in the last
sentence of this definition), then such rating agency shall be deemed to have established a rating
in Category 6; (ii) if the ratings established or deemed to have been established by Moody’s and
S&P for the Index Debt shall fall within different Categories, the Applicable Rate shall be based
on the higher of the two ratings unless (A) one of the two ratings is more than two Categories
lower than the other and neither rating is in Category 6, in which case the Applicable Rate shall
be determined by reference to the Category next above that of the lower of the two ratings or (B)
either rating is or is deemed to be in Category 6, in which case the Applicable Rate shall be
determined by reference to Category 6 and (iii) if the ratings established or deemed to have been
established by Moody’s and S&P for the Index Debt shall be changed (other than as a result of a
change in the rating system of Moody’s or S&P), such change shall be effective as of the date on
which it is first announced by the applicable rating agency. Each change in the Applicable Rate
shall apply during the period commencing on the effective date of such change and ending on the
date immediately preceding the effective date of the next such change. If the rating system of
Moody’s or S&P shall change, or if either such rating agency shall cease to be in the business of
rating corporate debt obligations, the Company and the Lenders shall negotiate in good faith to
amend this definition to reflect such changed rating system or the unavailability of ratings from
such rating agency and, pending the effectiveness of any such amendment, the Applicable Rate shall
be determined by reference to the rating most recently in effect prior to such change or cessation.

 

4

          “Assignment and Acceptance” means an assignment and acceptance entered into by a Lender and an
assignee (with the consent of any party whose consent is required by Section 10.04), and accepted
by the Administrative Agent, in the form of Exhibit A or any other form approved by the
Administrative Agent and the Company.

          “Attributable Debt” means, with respect to any Sale-Leaseback Transaction, the present value
(discounted at the rate set forth or implicit in the terms of the lease included in such
Sale-Leaseback Transaction, compounded semiannually) of the total obligations of the lessee for
rental payments (other than amounts required to be paid on account of taxes, maintenance, repairs,
insurance, assessments, utilities, operating and labor costs and other items which do not
constitute payments for property rights or amounts related to contingent rents (such as those based
on sales)) during the remaining term of the lease included in such Sale-Leaseback Transaction
(including any period for which such lease has been extended). In the case of any lease which is
terminable by the lessee upon payment of a penalty, the Attributable Debt shall be the lesser of
the Attributable Debt determined assuming termination upon the first date such lease may be
terminated (in which case the Attributable Debt shall also include the amount of the penalty, but
no rent shall be considered as required to be paid under such lease subsequent to the first date
upon which it may be so terminated) or the Attributable Debt determined assuming no such
termination. Any determination of any rate implicit in the terms of the lease included in such
Sale-Leaseback Transaction made in accordance with generally accepted financial practices by the
Company shall absent manifest error be binding and conclusive.

          “Australian Agent” means JPMAL, in its capacity as Australian agent for the Lenders hereunder,
or any successor thereto appointed in accordance with Article VIII.

          “Australian Bank Bill Rate” means, for any Interest Period, the rate per annum which is:

     (a) the average determined bid rate (rounded upwards if necessary to the nearest four
decimal places) for Bills accepted by a bank having a tenor which is closest to that
Interest Period and published on the “BBSY” reference page of the Reuters Monitor System at
or about 10:10 a.m. (Local Time) on the first day of that Interest Period; or

     (b) if on that day that rate is not published by 10:30 a.m., the rate determined by
the Australian Agent in good faith to be the average determined bid rate for Bills accepted
by a bank on that day having a tenor which is closest to that Interest Period.

          “Australian Borrowing Subsidiary” means any Subsidiary that is incorporated or otherwise
organized under the laws of Australia or any political subdivision thereof that has been designated
as such pursuant to Section 2.22 and that has not ceased to be an Australian Borrowing Subsidiary
as provided in such Section.

 

5

          “Australian Dollars” or “A$” means the lawful currency of Australia.

          “Australian Lending Office” means, as to any Australian Tranche Lender, the applicable branch,
office or Affiliate of such Australian Tranche Lender designated by such Australian Tranche Lender
to make Loans in Australian Dollars.

          “Australian Tranche Commitment” means, with respect to each Australian Tranche Lender, the
commitment of such Australian Tranche Lender to make Australian Tranche Revolving Loans pursuant to
Section 2.01(d), expressed as an amount representing the maximum aggregate permitted amount of such
Lender’s Australian Tranche Revolving Credit Exposure hereunder, as such commitment may be (a)
reduced from time to time pursuant to Section 2.11 and (b) reduced or increased from time to time
pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each
Australian Tranche Lender’s Australian Tranche Commitment is set forth on Schedule 2.01, or in the
Assignment and Acceptance pursuant to which such Australian Tranche Lender shall have assumed its
Australian Tranche Commitment, as applicable. The aggregate amount of the Australian Tranche
Commitments on the date hereof is US$50,000,000.

          “Australian Tranche Lender” means a Lender with an Australian Tranche Commitment or with
outstanding Australian Tranche Revolving Loans.

          “Australian Tranche Percentage” means, with respect to any Australian Tranche Lender, the
percentage of the total Australian Tranche Commitments represented by such Lender’s Australian
Tranche Commitment. If the Australian Tranche Commitments have terminated or expired, the
Australian Tranche Percentages shall be determined based upon the Australian Tranche Commitments
most recently in effect, giving effect to any assignments.

          “Australian Tranche Revolving Borrowing” means a Borrowing comprised of Australian Tranche
Revolving Loans.

          “Australian Tranche Revolving Credit Exposure” means, at any time, the sum of (a) the
aggregate principal amount of the Australian Tranche Revolving Loans denominated in US Dollars at
such time and (b) the US Dollar Equivalent of the aggregate principal amount of the Australian
Tranche Revolving Loans denominated in Australian Dollars outstanding at such time. The Australian
Tranche Revolving Credit Exposure of any Lender at any time shall be such Lender’s Australian
Tranche Percentage of the total Australian Tranche Revolving Credit Exposure at such time.

          “Australian Tranche Revolving Loan” means a Loan made by an Australian Tranche Lender pursuant
to Section 2.01(d). Each Australian Tranche Revolving Loan denominated in US Dollars shall be a
Eurocurrency Loan or an ABR Loan, and each Australian Tranche Revolving Loan denominated in
Australian Dollars shall be a Bill Rate Loan.

 

6

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

          “B/A” means a bill of exchange, including a depository bill issued in accordance with the
Depository Bills and Notes Act (Canada), denominated in Canadian Dollars, drawn by a Canadian
Borrowing Subsidiary and accepted by a Canadian Tranche Lender in accordance with the terms of this
Agreement.

          “B/A Drawing” means B/As accepted and purchased on the same date and as to which a single
Contract Period is in effect including any B/A Equivalent Loans accepted and purchased on the same
date and as to which a single Contract Period is in effect. For greater certainty, all provisions
of this Agreement which are applicable to B/As are also applicable, mutatis mutandis, to B/A
Equivalent Loans

          “B/A Equivalent Loan” is defined in Section 2.07(k).

          “Bill” has the meaning assigned to such term in the Bills of Exchange Act 1909 (Cwlth) and a
reference to the drawing or acceptance or endorsement of, or other dealing with, a Bill is to be
interpreted in accordance with that Act.

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

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

          “Borrower” means the Company or any Borrowing Subsidiary.

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

          “Borrowing Minimum” means (a) in the case of a Borrowing denominated in US Dollars,
US$25,000,000 and (b) in the case of a Borrowing denominated in any Designated Foreign Currency,
the smallest amount of such Designated Foreign Currency that is a multiple of 1,000,000 units of
such currency that has a US Dollar Equivalent in excess of US$5,000,000.

          “Borrowing Multiple” means (a) in the case of a Borrowing denominated in US Dollars,
US$5,000,000 and (b) in the case of a Borrowing denominated in any Designated Foreign Currency,
1,000,000 units of such currency.

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

 

7

          “Borrowing Subsidiary” means, at any time, each of the Subsidiaries that (a) is named on the
signature pages to this Agreement or (b) has been designated as a Borrowing Subsidiary by the
Company pursuant to Section 2.22, other than any such Subsidiary that has ceased to be a Borrowing
Subsidiary as provided in Section 2.22.

          “Borrowing Subsidiary Agreement” means a Borrowing Subsidiary Agreement substantially in the
form of Exhibit B-1.

          “Borrowing Subsidiary Termination” means a Borrowing Subsidiary Termination substantially in
the form of Exhibit B-2.

          “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial
banks in New York City are authorized or required by law to remain closed; provided that, (a) when
used in connection with a Eurocurrency Loan or a Swingline Loan, the term “Business Day” shall also
exclude any day on which banks are not open for dealings in deposits in the applicable currency in
the London interbank market, (b) when used in connection with a Loan denominated in Euro (including
a Swingline Loan), the term “Business Day” shall also exclude any day on which the TARGET payment
system is not open for the settlement of payments in Euro, (c) when used in connection with a Loan
denominated in Canadian Dollars or a B/A, the term “Business Day” shall also exclude any day on
which banks are not open for dealings in deposits in Toronto or Montreal and (d) when used in
connection with a Loan denominated in Australian Dollars, the term “Business Day” shall also
exclude any day on which banks are not open for dealings in deposits in Australian Dollars in the
Sydney or Melbourne markets.

          “Calculation Date” means (a) the last Business Day of each calendar quarter and (b) solely
with respect to any Designated Foreign Currency for a requested new Borrowing for which an Exchange
Rate was not established on the immediately preceding Calculation Date, the Business Day
immediately preceding the date on which such Borrowing is to be made, provided that the
Administrative Agent may in addition designate the last day of any other month as a Calculation
Date if it reasonably determines that there has been significant volatility in the foreign currency
markets.

          “CAM” shall mean the mechanism for the allocation and exchange of interests in Loans and other
extensions of credit under the several Tranches and collections thereunder established under the
final three paragraphs of Article VII.

          “CAM Exchange” shall mean the exchange of the Lender’s interests provided for in final three
paragraphs of Article VII.

          “CAM Exchange Date” shall mean the date on which any event referred to in paragraph (g) or (h)
of Article VII shall occur in respect of the Company.

          “CAM Percentage” shall mean, as to each Lender, a fraction, expressed as a decimal, of which
(a) the numerator shall be the aggregate US Dollar Equivalent (determined on the basis of Exchange
Rates prevailing on the CAM Exchange Date) of the Designated Obligations owed to such Lender
(whether or not at the time due and

 

8

payable) immediately prior to the CAM Exchange Date and (b) the denominator shall be the
aggregate US Dollar Equivalent (as so determined) of the Designated Obligations owed to all the
Lenders (whether or not at the time due and payable) immediately prior to such CAM Exchange Date.
For purposes of determining the CAM Percentages, the amount payable in respect of any B/A shall be
deemed to be the face amount thereof, reduced by the unaccreted portion of the discount at which
such B/A shall have been purchased (taking into account the applicable Discount Rates and
acceptance fees), as determined by the Administrative Agent in accordance with accepted financial
practice.

          “Canadian Agent” means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as Canadian
agent for the Lenders hereunder, or any successor thereto appointed in accordance with Article
VIII.

          “Canadian Base Rate” means, for any day, the rate of interest per annum (rounded upwards, if
necessary, to the next 1/16 or 1%) equal to the greater of (a) the interest rate per annum publicly
announced from time to time by Canadian Agent as its reference rate in effect on such day at its
principal office in Toronto for determining interest rates applicable to commercial loans
denominated in Canadian Dollars in Canada (each change in such reference rate being effective from
and including the date such change in publicly announced as being effective) and (b) the interest
rate per annum equal to the sum of (i) the CDOR Rate on such day (or, if such rate is not so
reported on the Reuters Screen CDOR Page, the average of the rate quotes for bankers’ acceptances
denominated in Canadian Dollars with a term of 30 days received by the Canadian Agent at
approximately 10:00 a.m., Toronto time, on such day (or, if such day is not a Business Day, on the
next preceding Business Day) from one or more banks of recognized standing selected by it) and (ii)
0.50% per annum.

          “Canadian Borrowing Subsidiary” means any Subsidiary that is incorporated or otherwise
organized under the laws of Canada or any political subdivision thereof that has been designated as
such pursuant to Section 2.22 and that has not ceased to be a Canadian Borrowing Subsidiary as
provided in such Section.

          “Canadian Dollars” or “C$” means the lawful money of Canada.

          “Canadian Lending Office” means, as to any Canadian Tranche Lender, the applicable branch,
office or Affiliate of such Canadian Tranche Lender designated by such Canadian Tranche Lender to
make Loans in Canadian Dollars and to accept and purchase or arrange for the purchase of B/As.

          “Canadian Tranche Commitment” means, with respect to each Canadian Tranche Lender, the
commitment of such Canadian Tranche Lender to make Canadian Tranche Revolving Loans pursuant to
Section 2.01(c) and to accept and purchase or arrange for the purchase of B/As pursuant to Section
2.07, expressed as an amount representing the maximum aggregate permitted amount of such Canadian
Tranche Lender’s Canadian Tranche Revolving Credit Exposure hereunder, as such commitment may be
(a) reduced from time to time pursuant to Section 2.11 and (b) reduced or increased from time to
time pursuant to assignments by or to such Lender pursuant to

 

9

Section 10.04. The initial amount of each Canadian Tranche Lender’s Canadian Tranche
Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which
such Canadian Tranche Lender shall have assumed its Canadian Tranche Commitment, as applicable.
The aggregate amount of the Canadian Tranche Commitments on the date hereof is US$300,000,000.

          “Canadian Tranche Lender” means a Lender with a Canadian Tranche Commitment or with
outstanding Canadian Tranche Revolving Loans.

          “Canadian Tranche Percentage” means, with respect to any Canadian Tranche Lender, the
percentage of the total Canadian Tranche Commitments represented by such Lender’s Canadian Tranche
Commitment. If the Canadian Tranche Commitments have terminated or expired, the Canadian Tranche
Percentages shall be determined based upon the Canadian Tranche Commitments most recently in
effect, giving effect to any assignments.

          “Canadian Tranche Revolving Borrowing” means a Borrowing comprised of Canadian Tranche
Revolving Loans.

          “Canadian Tranche Revolving Credit Exposure” means, at any time, the sum of (a) the aggregate
principal amount of the Canadian Tranche Revolving Loans denominated in US Dollars outstanding at
such time, (b) the US Dollar Equivalent of the aggregate principal amount of the Canadian Tranche
Revolving Loans denominated in Canadian Dollars outstanding at such time, and (c) the US Dollar
Equivalent of the aggregate face amount of the B/As accepted by the Canadian Lenders and
outstanding at such time. The Canadian Tranche Revolving Credit Exposure of any Lender at any time
shall be such Lender’s Canadian Tranche Percentage of the total Canadian Tranche Revolving Credit
Exposure at such time.

          “Canadian Tranche Revolving Loan” means a Loan made by a Canadian Tranche Lender pursuant to
Section 2.01(c). Each Canadian Tranche Revolving Loan denominated in US Dollars shall be a
Eurocurrency Loan or an ABR Loan, and each Canadian Tranche Revolving Loan denominated in Canadian
Dollars shall be a Canadian Base Rate Loan.

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

          “CDOR Rate” means, on any date, an interest rate per annum equal to the average discount rate
applicable to bankers’ acceptances denominated in Canadian Dollars with a term of 30 days (for
purposes of the definition of “Canadian Base Rate”) or with a term equal to the Contract Period of
the relevant B/As (for purposes of the definition of “Discount Rate”) appearing on the Reuters
Screen CDOR Page (or on any

 

10

successor or substitute page of such Screen, or any successor to or substitute for such
Screen, providing rate quotations comparable to those currently provided on such page of such
Screen, as determined by the Canadian Agent from time to time) at approximately 10:00 a.m., Toronto
time, on such date (or, if such date is not a Business Day, on the next preceding Business Day).

          “Change in Control” means (a) any Person or group of Persons (within the meaning of Section 13
or 14 of the Securities Exchange Act of 1934, as amended) shall have acquired beneficial ownership
(within the meaning of Rule 13d-3 promulgated by the SEC under said Act) of 40% or more in voting
power of the outstanding Voting Stock of the Company or (b) members of the Board of Directors of
the Company on the date hereof plus any additional members of such Board whose nomination for
election to such Board is recommended or approved by a majority of the then current members of such
Board shall at any time fail to constitute a majority of such Board.

          “Change in Law” means (a) the adoption of any law, rule or regulation after the date of this
Agreement, (b) any change in any law, rule or regulation or in the interpretation or application
thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any
Lender or any Issuing Bank (or, for purposes of Section 2.17(b), by any lending office of such
Lender or by such Lender’s or such Issuing Bank’s holding company, if any) with any request,
guideline or directive (whether or not having the force of law) of any Governmental Authority made
or issued after the date of this Agreement.

          “Class”, when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or
the Loans comprising such Borrowing, are US Tranche Revolving Loans, European Tranche Revolving
Loans, Canadian Tranche Revolving Loans, Australian Tranche Revolving Loans, Swingline Loans or
Competitive Loans and (b) any Commitment, refers to whether such Commitment is a US Tranche
Commitment, a European Tranche Commitment, a Canadian Tranche Commitment or an Australian Tranche
Commitment.

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

          “Commitment” means a US Tranche Commitment, a European Tranche Commitment, a Canadian Tranche
Commitment or an Australian Tranche Commitment.

          “Company” means Kellogg Company, a Delaware corporation.

          “Competitive Bid” means an offer by a Lender to make a Competitive Loan in accordance with
Section 2.04.

          “Competitive Bid Rate” means, with respect to any Competitive Bid, the Margin or the Fixed
Rate, as applicable, offered by the Lender making such Competitive Bid.

 

11

          “Competitive Bid Request” means a request by a Borrower for Competitive Bids in accordance
with Section 2.04.

          “Competitive Loan” means a Loan made pursuant to Section 2.04.

          “Competitive Loan Exposure” means, with respect to any Lender at any time, the sum of (a) the
aggregate principal amount of the outstanding Competitive Loans of such Lender denominated in US
Dollars and (b) the sum of the US Dollar Equivalents of the aggregate principal amounts of the
outstanding Competitive Loans of such Lender denominated in Designated Foreign Currencies.

          “Consenting Lender” has the meaning assigned to that term in Section 2.11(e).

          “Consolidated EBITDA” means, for any period, Consolidated Net Income for such period plus,
without duplication and to the extent deducted in determining such Consolidated Net Income, the sum
of (i) consolidated interest expense for such period, (ii) consolidated income tax expense
(including, without duplication, foreign withholding taxes and any state single business unitary or
other similar taxes) for such period, (iii) all amounts attributable to depreciation and
amortization for such period, (iv) any non-cash charges for such period, (v) fees and expenses
incurred in connection with the Transactions, (vi) fees and expenses in an aggregate amount for any
fiscal year not in excess of $20,000,000 incurred in connection with the issuance of any
Indebtedness or equity, acquisitions, investments or asset sales or divestitures permitted
hereunder and (vii) any (A) cash charges in an aggregate amount for any fiscal year not in excess
of $50,000,000 or (B) any noncash charges, in each case arising out of the restructuring,
consolidation, severance or discontinuance of any portion of the operations, employees and/or
management of any entities or businesses of the Company or any of the Subsidiaries, determined
without giving effect to any extraordinary gains or losses for such period to the extent included
in determining Consolidated Net Income, all determined on a consolidated basis in accordance with
GAAP.

          “Consolidated Interest Expense” means, for any period, the sum of (a) the cash interest
expense (including imputed interest expense in respect of Capital Lease Obligations) of the Company
and the Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP,
and (b) any interest accrued during such period in respect of Indebtedness of the Company or any
Subsidiary that is required to be capitalized rather than included in consolidated interest expense
for such period in accordance with GAAP; provided that there shall be excluded from Consolidated
Interest Expense (i) any fees paid to the Administrative Agent and (ii) any payments made to obtain
any interest rate hedging agreements; and provided further, solely for purposes of determining
compliance with Section 6.06, in the event the Company or any Subsidiary acquired any Person or
line of business during the relevant period, Consolidated Interest Expense will be determined
giving pro forma effect to any incurrence of Indebtedness related to such acquisition as if such
incurrence of Indebtedness had occurred on the first day of the relevant period.

 

12

          “Consolidated Net Income” means, for any period, the net income or loss of the Company and the
Subsidiaries for such period determined on a consolidated basis in accordance with GAAP; provided
that (a) there shall be excluded the income of any Person (other than the Company) in which any
other Person (other than the Company or any Subsidiary or any director holding qualifying shares or
other third parties holding nominal amounts of shares, as required by or in compliance with
applicable law) owns an Equity Interest, except to the extent of the amount of dividends or other
distributions actually paid to the Company or any of the Subsidiaries during such period, and (b)
solely for purposes of determining compliance with Section 6.06, in the event the Company or any
Subsidiary acquired any Person or line of business during the relevant period, Consolidated Net
Income will be determined giving pro forma effect to such acquisition as if such acquisition and
any related incurrence of Indebtedness had occurred on the first day of the relevant period, but
shall not take into account any cost savings projected to be realized as a result of such
acquisition other than cost savings permitted to be included under Regulation S-X of the Securities
and Exchange Commission.

          “Consolidated Net Sales” means, for any period, the net sales of the Company and the
Subsidiaries for such period, as reported as a line item in the Company’s income statements as
filed with the Company’s Form 10-Q Report or Form 10-K Report, as applicable.

          “Consolidated Total Assets” means the total assets of the Company and its Subsidiaries
determined in accordance with GAAP; provided that for purposes of determining compliance with
Sections 6.01, 6.02 and 6.03, in the event the Company or any Subsidiary acquires any Person or
line of business after the fiscal quarter end referred to in such Section, “Consolidated Total
Assets” as of such fiscal quarter end shall be deemed to include the assets of such Person or line
of business from and after the date of such acquisition.

          “Contract Period” means, with respect to any B/A, the period commencing on the date such B/A
is issued and accepted and ending on the date 30, 60, 90 or 180 days thereafter, as the applicable
Canadian Borrowing Subsidiary may elect (in each case subject to availability); provided that if
such Contract Period would end on a day other than a Business Day, such Contract Period shall be
extended to the next succeeding Business Day.

          “Control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of a Person, whether through the ability to exercise voting
power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto.

          “Controlled Group” means all of a controlled group of corporations and all trades and
businesses (whether or not incorporated) under common control that, together with the Company or
any of its Subsidiaries, are treated as a single employer under Section 414 of the Code.

 

13

          “Declining Lender” has the meaning assigned to such term in Section 2.11(e).

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

          “Designated Foreign Currency” means (a) Sterling, Euro, Canadian Dollars, Australian Dollars
and Yen and (b) any other currency specified by the Company in a notice to the Administrative Agent
for a proposed Competitive Borrowing which, at the time such Borrowing is made, is freely
transferable and convertible into US Dollars in the London market and for which, at such time, LIBO
Rates can be determined by reference to the Telerate screen as provided in the definition of “LIBO
Rate”.

          “Designated Obligations” shall mean all obligations of the Company or any other Borrower with
respect to (a) principal of and interest on the Loans (including the Swingline Loans), (b) amounts
payable to the Lenders in respect of B/As, (c) unreimbursed LC Disbursements and interest thereon
and (d) all fees payable hereunder.

          “Discount Proceeds” means, with respect to any B/A, an amount (rounded upward, if necessary,
to the nearest C$.01) calculated by multiplying (a) the face amount of such B/A by (b) the quotient
obtained by dividing (i) one by (ii) the sum of (A) one and (B) the product of (x) the Discount
Rate (expressed as a decimal) applicable to such B/A and (y) a fraction of which the numerator is
the Contract Period applicable to such B/A and the denominator is 365, with such quotient being
rounded upward or downward to the fifth decimal place and .000005 being rounded upward.

          “Discount Rate” means, with respect to a B/A being accepted and purchased on any day, (a) for
a Lender which is a Schedule I Lender, (i) the CDOR Rate applicable to such B/A or, (ii) if the
discount rate for a particular Contract Period is not quoted on the Reuters Screen CDOR Page, the
arithmetic average (as determined by the Canadian Agent) of the percentage discount rates
(expressed as a decimal and rounded upward, if necessary, to the nearest 1/100 of 1%) quoted to the
Canadian Agent by the Schedule I Reference Lenders as the percentage discount rate at which each
such bank would, in accordance with its normal practices, at approximately 10:00 a.m., Toronto
time, on such day, be prepared to purchase bankers’ acceptances accepted by such bank having a face
amount and term comparable to the face amount and Contract Period of such B/A, and (b) for a lender
which is a Schedule II Lender or a Schedule III Lender, the lesser of (i) the CDOR Rate applicable
to such B/A plus 0.10% per annum and (ii) the arithmetic average (as determined by the Canadian
Agent) of the percentage discount rates (expressed as a decimal and rounded upward, if necessary,
to the nearest 1/100 of 1%) quoted to the Canadian Agent by the Schedule II Reference Lenders as
the percentage discount rate at which each such bank would, in accordance with its normal
practices, at approximately 10:00 a.m., Toronto time, on such day, be prepared to purchase bankers’
acceptances accepted by such bank having a face amount and term comparable to the face amount and
Contract Period of such B/A.

 

14

          “Effective Date” means the date on which the conditions set forth in Section 4.01 are
satisfied (or waived in accordance with Section 10.02).

          “EMU Legislation” means the legislative measures of the European Union for the introduction
of, changeover to or operation of the Euro in one or more member states.

          “Environmental Laws” means all federal, state, local and foreign statutes, laws (including
common law), regulations, ordinances, judgments, permits and other governmental rules or
restrictions relating to human health, safety (including occupational safety and health standards),
and protection of the environment or to emissions, discharges or releases of pollutants,
contaminants, hazardous substances or wastes into the environment, including ambient air, surface
or ground water, or land, or otherwise relating to the manufacture, processing, distribution, use,
treatment, storage, disposal, transport or handling of pollutants, contaminants, hazardous
substances or wastes or the cleanup or other remediation thereof.

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

          “Equity Interests” means shares of capital stock, partnership interests, membership interests
in a limited liability company, beneficial interests in a trust or other equity ownership interests
in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or
acquire any such equity interest.

          “ERISA” has the meaning assigned to such term in Section 3.10.

          “Euro” or “€” means the single currency of the European Union as constituted by the Treaty
on European Union and as referred to in the EMU Legislation.

          “Euro Borrowing Subsidiary” means any Subsidiary that is incorporated or otherwise organized
under the laws of any member state of the European Union or any political subdivision thereof that
has been designated as such pursuant to Section 2.22 and that has not ceased to be a Euro Borrowing
Subsidiary as provided in such Section.

          “Euro Lending Office” means, as to any European Tranche Lender, the applicable branch, office
or Affiliate of such European Tranche Lender designated by such European Tranche Lender to make
Loans in Euro. A European Tranche Lender may designate different Euro Lending Offices to make
Loans in Euro to Euro Borrowing Subsidiaries in different jurisdictions.

 

15

          “Eurocurrency”, when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to
the Adjusted LIBO Rate (or, in the case of a Competitive Loan, the LIBO Rate).

          “European Tranche Commitment” means, with respect to each European Tranche Lender, the
commitment of such European Tranche Lender to make European Tranche Revolving Loans pursuant to
Section 2.01(b) and to acquire participations in Swingline Loans as provided in Section 2.05,
expressed as an amount representing the maximum aggregate permitted amount of such European Tranche
Lender’s European Tranche Revolving Credit Exposure hereunder, as such commitment may be (a)
reduced from time to time pursuant to Section 2.11 and (b) reduced or increased from time to time
pursuant to assignments by or to such Lender under Section 10.04. The initial amount of each
European Tranche Lender’s European Tranche Commitment is set forth on Schedule 2.01, or in the
Assignment and Acceptance pursuant to which such European Tranche Lender shall have assumed its
European Tranche Commitment, as applicable. The aggregate amount of the European Tranche
Commitments on the date hereof is US$750,000,000.

          “European Tranche Lender” means a Lender with a European Tranche Commitment or with
outstanding European Tranche Revolving Loans.

          “European Tranche Percentage” means, with respect to any European Tranche Lender, the
percentage of the total European Tranche Commitments represented by such Lender’s European Tranche
Commitment. If the European Tranche Commitments have terminated or expired, the European Tranche
Percentages shall be determined based upon the European Tranche Commitments most recently in
effect, giving effect to any assignments.

          “European Tranche Revolving Borrowing” means a Borrowing comprised of European Tranche
Revolving Loans.

          “European Tranche Revolving Credit Exposure” means, at any time, the sum of (a) the aggregate
principal amount of the European Tranche Revolving Loans denominated in US Dollars outstanding at
such time and (b) the sum of the US Dollar Equivalents of the European Tranche Revolving Loans
denominated in Euros or Sterling outstanding at such time and (c) the Swingline Exposure at such
time. The European Tranche Revolving Credit Exposure of any Lender at any time shall be such
Lender’s European Tranche Percentage of the total European Tranche Revolving Credit Exposure at
such time.

          “European Tranche Revolving Loan” means a Loan made by a European Tranche Lender pursuant to
Section 2.01(b). Each European Tranche Revolving Loan denominated in US Dollars shall be a
Eurocurrency Loan or an ABR Loan, and each European Tranche Revolving Loan denominated in Euro or
Sterling shall be a Eurocurrency Loan.

 

16

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

          “Exchange Rate” means on any day, for purposes of determining the US Dollar Equivalent of any
other currency, the rate at which such other currency may be exchanged into US Dollars, as set
forth at approximately 11:00 a.m., London time, on such day on the Reuters World Currency Page for
such currency. In the event that such rate does not appear on any Reuters World Currency Page, the
Exchange Rate shall be determined by reference to such other publicly available service for
displaying exchange rates as may be agreed upon by the Administrative Agent and the Company, or, in
the absence of such an agreement, such Exchange Rate shall instead be the arithmetic average of the
spot rates of exchange of the Administrative Agent in the market where its foreign currency
exchange operations in respect of such currency are then being conducted, at or about 10:00 a.m.,
Local Time, on such date for the purchase of US Dollars for delivery two Business Days later;
provided that if at the time of any such determination, for any reason, no such spot rate is being
quoted, the Administrative Agent may use any reasonable method it deems appropriate to determine
such rate, and such determination shall be conclusive absent manifest error.

          “Excluded Taxes” means, with respect to any Agent, any Lender or any Issuing Bank or any other
recipient of any payment to be made by or on account of any obligation of any Borrower hereunder,
(a) income or franchise taxes imposed on (or measured by) its net income, (b) any branch profits
taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction,
(c) in the case of a Lender, any withholding tax imposed by the United States of America that is in
effect and would apply to amounts payable by the Company or a US Borrowing Subsidiary from an
office within such jurisdiction to the US Lending Office of such Lender at the time such Lender
becomes a party to this Agreement (or designates a new US Lending Office), (d) in the case of a
European Tranche Lender (other than an assignee pursuant to a request by the Company under Section
2.21(b) or by operation of the CAM), any withholding tax imposed (x) by the United Kingdom (or any
political subdivision thereof) that is in effect and would apply to amounts payable by a UK
Borrowing Subsidiary from an office within such jurisdiction to the UK Lending Office of such
European Tranche Lender at the time such European Tranche Lender becomes a party to this Agreement
(or designates a new UK Lending Office) and (y) by Germany or Spain (or any political subdivision
thereof) that is in effect and would apply to amounts payable by a Euro Borrowing Subsidiary from
an office within such jurisdiction to the applicable Euro Lending Office of such European Tranche
Lender at the time such European Tranche Lender becomes a party to this Agreement (or designates a
new Euro Lending Office), (e) in the case of a Canadian Tranche Lender (other than an assignee
pursuant to a request by the Company under Section 2.21(b) or by operation of the CAM), any
withholding tax imposed by Canada (or any political subdivision thereof) that is in effect and
would apply to amounts payable by a Canadian Borrowing Subsidiary from an office within such
jurisdiction to the Canadian Lending Office of such Canadian Tranche Lender at the time such
Canadian Tranche Lender becomes a party to this Agreement (or designates a new Canadian Lending
Office), (f) in the case of an Australian Tranche Lender (other than an assignee pursuant to a
request by the Company under Section 2.21(b) or by operation of the CAM), any withholding tax
imposed by Australia (or any political subdivision

 

17

thereof) that is in effect and would apply to amounts payable by an Australian Borrowing
Subsidiary from an office within such jurisdiction to the Australian Lending Office of such
Australian Tranche Lender at the time such Australian Tranche Lender becomes a party to this
Agreement (or designates a new Australian Lending Office), and (g) any withholding tax that is
attributable to such Lender’s failure to comply with Section 2.19(e), except, in the case of
clauses (c), (d), (e), or (f) above, to the extent that (i) such Lender (or its assignor, if any)
was entitled, at the time of designation of a new lending office (or assignment), to receive
additional amounts from any Borrower with respect to any withholding tax pursuant to Section 2.19,
or (ii) such withholding tax shall have resulted from the making of any payment to a location other
than the office designated by the Applicable Agent or such Lender for the receipt of payments of
the applicable type.

          “Existing Credit Agreement” means the Five-Year Credit Agreement dated as of November 24,
2004, among the Company, the Borrowing Subsidiaries party thereto, the Lenders party thereto,
JPMCB, as Administrative Agent, JPME, as London Agent, JPMAL, as Australian Agent, Barclays Bank
PLC, as Syndication Agent and Bank of America, N.A., Citibank, N.A. and Suntrust Bank, as
Co-Documentation Agent.

          “Existing Maturity Date” has the meaning assigned to such term in Section 2.11(e).

          “Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if
necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with
members of the Federal Reserve System arranged by Federal funds brokers, as published on the next
succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so
published for any day that is a Business Day, the average (rounded upwards, if necessary, to the
next 1/100 of 1%) of the quotations for such day for such transactions received by the
Administrative Agent from three Federal funds brokers of recognized standing selected by it.

          “Financed Portion” means, at any time, with respect to a Securitization, the greatest amount
of the claims of the parties providing financing (whether through direct purchases of receivables
or interests therein or through other financing arrangements), however evidenced, including direct
claims on collections of a party providing financing and including debt or equity interests or
securities (other than any seller’s interests retained by any wholly owned Subsidiary) of a
purchasing vehicle, permitted to be outstanding at such time under such Securitization (assuming
the satisfaction of all conditions to issuance) or, if greater, the maximum purchase limit, however
denominated, under such Securitization.

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

          “Fixed Rate” means, with respect to any Competitive Loan (other than a Eurocurrency
Competitive Loan), the fixed rate of interest per annum specified by the Lender making such
Competitive Loan in its related Competitive Bid.

 

18

          “Fixed Rate Loan” means a Competitive Loan bearing interest at a Fixed Rate.

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

          “GAAP” means generally accepted accounting principles in the United States of America or, when
reference is made to another jurisdiction, generally accepted accounting principles in effect from
time to time in such jurisdiction.

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

          “Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or
otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any
Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether
directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or
other obligation or to purchase (or to advance or supply funds for the purchase of) any security
for the payment thereof, (b) to purchase or lease property, securities or services for the purpose
of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to
maintain working capital, equity capital or any other financial statement condition or liquidity of
the primary obligor so as to enable the primary obligor to pay such Indebtedness or other
obligation or (d) as an account party in respect of any letter of credit or letter of guaranty
issued to support such Indebtedness or obligation; provided, that the term Guarantee shall not
include (i) endorsements for collection or deposit, (ii) standard contractual indemnities not
related to the borrowing of money or Indebtedness, in each case in the ordinary course of business,
or (iii) recourse at customary levels in connection with Securitizations accounted for as sales.
The amount of any Guarantee of any guaranteeing Person shall be deemed to be the lower of (a) an
amount equal to the stated or determinable amount of the primary obligation in respect of which
such Guarantee is made and (b) the maximum amount for which such guaranteeing Person may be liable
pursuant to the terms of the instrument embodying such Guarantee, unless such primary obligation
and the maximum amount for which such guaranteeing Person may be liable are not stated or
determinable, in which case the amount of such Guarantee shall be such guaranteeing Person’s
maximum reasonably anticipated liability (assuming such Person is required to perform) in respect
thereof as determined by such Person in good faith.

          “Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos containing materials,

 

19

polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or
wastes of any nature regulated pursuant to any Environmental Laws.

          “Hedging Agreement” means any interest rate protection agreement, foreign currency exchange
agreement, currency swap agreement, commodity price protection agreement or other interest or
currency exchange rate or commodity price hedging arrangement. The “principal amount” of any
Hedging Agreement of the Company or any Subsidiary at any time shall be deemed to be the aggregate
amount at such time of the payments that would be required to be made by the Company or such
Subsidiary in the event of any early termination at such time of such Hedging Agreement.

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

          “Indemnified Taxes” means Taxes other than Excluded Taxes.

          “Index Debt” means senior, unsecured, long-term indebtedness for borrowed money of the Company
that is not guaranteed by any other Person or subject to any other credit enhancement.

          “Information Memorandum” means the Confidential Information Memorandum dated October 2006
relating to the Company and the Transactions.

          “Interest Election Request” means a request by a Borrower to convert or continue a Revolving
Borrowing or B/A Drawing in accordance with Section 2.10.

          “Interest Payment Date” means (a) with respect to any ABR Loan or Canadian Base Rate Loan, the
last day of each March, June, September and December,

 

20

(b) with respect to any Eurocurrency Loan or Bill Rate Borrowing, the last day of the Interest
Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurocurrency
Borrowing with an Interest Period of more than three months’ duration, each day prior to the last
day of such Interest Period that occurs at intervals of three months’ duration after the first day
of such Interest Period, (c) with respect to any Swingline Loan, the date on which the principal of
such Loan is repaid and (d) with respect to any Fixed Rate Loan, the last day of the Interest
Period applicable to the Borrowing of which such Loan is a part and, in the case of a Fixed Rate
Borrowing with an Interest Period of more than 90 days’ duration (unless otherwise specified in the
applicable Competitive Bid Request), each day prior to the last day of such Interest Period that
occurs at intervals of 90 days’ duration after the first day of such Interest Period, and any other
dates that are specified in the applicable Competitive Bid Request as Interest Payment Dates with
respect to such Borrowing.

          “Interest Period” means (a) with respect to any Eurocurrency Borrowing or Bill Rate Borrowing,
the period commencing on the date of such Borrowing and ending on the numerically corresponding day
in the calendar month that is one, two, three or six months thereafter, as the applicable Borrower
may elect, or any other period agreed to by the applicable Borrower and each Lender, and (b) with
respect to any Fixed Rate Borrowing, the period (which shall not be less than 7 days or more than
360 days) commencing on the date of such Borrowing and ending on the date specified in the
applicable Competitive Bid Request; provided, that (i) if any Interest Period would end on a day
other than a Business Day, such Interest Period shall be extended to the next succeeding Business
Day unless, in the case of a Eurocurrency Borrowing or Bill Rate Borrowing only, such next
succeeding Business Day would fall in the next calendar month, in which case such Interest Period
shall end on the next preceding Business Day and (ii) any Interest Period pertaining to a
Eurocurrency Borrowing or Bill Rate Borrowing that commences on the last Business Day of a calendar
month (or on a day for which there is no numerically corresponding day in the last calendar month
of such Interest Period) shall end on the last Business Day of the last calendar month of such
Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which
such Borrowing is made and, in the case of a Revolving Borrowing, thereafter shall be the effective
date of the most recent conversion or continuation of such Borrowing.

          “Issuing Bank” means JPMCB and any one or more US Tranche Lenders designated in writing by the
Borrowers in a notice delivered to the Administrative Agent, and their respective successors in
such capacity; provided that such other US Tranche Lenders shall have consented to such
designation. The Issuing Banks may, in their respective discretion, arrange for one or more
Letters of Credit to be issued by Affiliates of such Issuing Banks, in which case the term “Issuing
Bank” shall include any such Affiliates with respect to Letters of Credit issued by such
Affiliates.

          “JPMAL” means J.P. Morgan Australia Limited and its successors.

          “JPMCB” means JPMorgan Chase Bank, N.A. and its successors.

 

21

          “JPME” means J.P. Morgan Europe Limited and its successors.

          “Judgment Currency” has the meaning assigned to such term in Section 10.14(b).

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

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

          “Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have
become a party hereto pursuant to an Assignment and Acceptance, other than any such Person that
ceases to be a party hereto pursuant to an Assignment and Acceptance. Unless the context otherwise
requires, the term “Lenders” includes the Swingline Lender.

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

          “LIBO Rate” means, with respect to any Eurocurrency Borrowing for any Interest Period, the
rate per annum determined by the Applicable Agent at approximately 11:00 a.m., London time, on the
Quotation Day for such Interest Period by reference to the British Bankers’ Association Interest
Settlement Rates for deposits in the currency of such Borrowing (as reflected on the applicable
Telerate screen), for a period equal to such Interest Period; provided that, to the extent that an
interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the
“LIBO Rate” shall be the average (rounded upward, if necessary, to the next 1/100 of 1%) of the
respective interest rates per annum at which deposits in the currency of such Borrowing are offered
for such Interest Period to major banks in the London interbank market by JPMCB at approximately
11:00 a.m., London time, on the Quotation Day for such Interest Period.

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

          “Loan Documents” means this Agreement, each Borrowing Subsidiary Agreement, each Borrowing
Subsidiary Termination and each promissory note delivered pursuant to this Agreement, as such
documents may be amended, modified, supplemented or restated from time to time.

 

22

          “Loans” means the loans (including Swingline Loans) made by the Lenders to the Borrowers
pursuant to this Agreement.

          “Local Time” means (a) with respect to a Loan or Borrowing denominated in US Dollars, New York
City time, (b) with respect to a Loan or Borrowing denominated in any Designated Foreign Currency
(other than Canadian Dollars and Australian Dollars), London time, (c) with respect to a Loan or
Borrowing denominated in Canadian Dollars or a B/A, Toronto time, and (d) with respect to a Loan or
Borrowing denominated in Australian Dollars, Sydney time.

          “London Agent” means JPME, in its capacity as London agent for the Lenders hereunder, or any
successor thereto appointed in accordance with Article VIII.

          “Margin” means, with respect to any Competitive Loan bearing interest at a rate based on the
LIBO Rate, the marginal rate of interest, if any, to be added to or subtracted from the LIBO Rate
to determine the rate of interest applicable to such Loan, as specified by the Lender making such
Loan in its related Competitive Bid.

          “Margin Stock” means “margin stock” as defined in Regulation U of the Board of Governors of
the Federal Reserve System.

          “Material Adverse Effect” means (a) any condition or change that has affected or would
reasonably be expected to affect materially and adversely the business, assets, liabilities or
financial condition of the Company and the Subsidiaries taken as a whole or (b) a material adverse
effect on the rights of or benefits available to the Administrative Agent, the Lenders or the
Issuing Banks under any Loan Document.

          “Maturity Date” means November 10, 2011, as such date may be extended pursuant to Section
2.11(e).

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

          “Obligations” means (a)(i) the principal of and premium, if any, and interest (including
interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar
proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and
as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or
otherwise, (ii) all reimbursement obligations of the Canadian Borrowing Subsidiaries in respect of
B/As accepted hereunder, (iii) each payment required to be made under this Agreement in respect of
any Letter of Credit, when and as due, including payments in respect of reimbursements of LC
Disbursements and interest thereon and (iv) all other monetary obligations, including fees, costs,
expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise
(including monetary obligations incurred during the pendency of any bankruptcy, insolvency,
receivership or other similar proceeding, regardless of whether allowed or allowable in such
proceeding), of the Company or any other Borrower under this Agreement or any other Loan Document
and (b) all obligations of the Borrowers under each Hedging Agreement entered into with a
counterparty that was a Lender or an Affiliate of a Lender at the time such Hedging Agreement was
entered into.

 

23

          “Other Taxes” means any and all present or future recording, stamp, documentary, excise,
transfer, sales, property or similar taxes, charges or levies arising from any payment made under
any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to,
any Loan Document.

          “PBGC” has the meaning assigned to such term in Section 3.10.

          “Permitted Encumbrances” means:

     (a) Liens imposed by law for taxes, assessments or other governmental charges that are
not yet due or are being contested in compliance with Section 5.03;

     (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like
Liens imposed by law, arising in the ordinary course of business and securing obligations
that are not overdue by more than 30 days, are in de minimis amounts or are
being contested in good faith and by appropriate proceedings with adequate reserves under
GAAP being provided therefor;

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

     (d) deposits to secure the performance of bids, trade contracts, leases, statutory
obligations, surety and appeal bonds, performance bonds and other obligations of a like
nature, in each case in the ordinary course of business;

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

     (f) easements, zoning restrictions, rights-of-way, minor defects or irregularities in
title and similar encumbrances on real property imposed by law or arising in the ordinary
course of business that do not secure any monetary obligations and do not interfere with
the ordinary conduct of business of the Company or any Subsidiary;

     (g) rights of set-off in favor of financial institutions (other than in respect of
amounts deposited to secure Indebtedness);

     (h) liens in the nature of trustee’s liens granted pursuant to any indenture securing
obligations to pay compensation to such trustee, to reimburse its expenses and to indemnify
it under the terms thereof;

     (i) licenses, leases or subleases (other than Capital Leases and other financing
leases) granted to third parties (other than to secure Indebtedness) not interfering in any
material respect with the business of the Company or any Subsidiary;

 

24

     (j) liens arising in connection with contracts with or made at the request of the
United States of America, any State of the United States of America or any department,
agency or instrumentality of the foregoing; and

     (k) liens arising from deposits with or the giving of any form of security to any
Governmental Authority required as a condition to the transaction of business or exercise
of any privilege, franchise or license;

provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness,
except for deposits specifically referenced in clauses (c), (d) and (k) hereof.

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

          “Plan” means, for the Company and each Subsidiary at any time, an employee pension benefit
plan which is covered by Title IV of ERISA or subject to the minimum funding standards under
Section 412 of the Code and either (a) is maintained by a member of the Controlled Group for
employees of a member of the Controlled Group, (b) is maintained pursuant to a collective
bargaining agreement or any other arrangement under which more than one employer makes
contributions and to which a member of the Controlled Group is then making or accruing an
obligation to make contributions or has within the preceding five plan years made contributions, or
(c) under which a member of the Controlled Group has any liability, including any liability by
reason of having been a substantial employer within the meaning of Section 4063 of ERISA at any
time during the preceding five years or by reason of being deemed a contributing sponsor under
Section 4069 of ERISA.

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

          “Property” means any interest in any kind of property or asset, whether real, personal or
mixed, or tangible or intangible, whether now owned or hereafter acquired.

          “Quotation Day” means, with respect to any Eurocurrency Borrowing and any Interest Period, the
day on which it is market practice in the relevant interbank market for prime banks to give
quotations for deposits in the currency of such Borrowing for delivery on the first day of such
Interest Period. If such quotations would normally be given by prime banks on more than one day,
the Quotation Day will be the last of such days.

          “Register” has the meaning set forth in Section 10.04.

 

25

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

          “Required Lenders” means, at any time, Lenders having Revolving Credit Exposures and unused
Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and
unused Commitments at such time; provided that, for all purposes after the Loans become due and
payable pursuant to Article VII or the Commitments expire or terminate, “Required Lenders” will
mean, at any time, Lenders having Revolving Credit Exposures and outstanding Competitive Loans
representing more than 50% of the sum of the total Revolving Credit Exposures and outstanding
Competitive Loans at such time.

          “Reset Date” has the meaning assigned to such term in Section 1.05.

          “Reuters Screen CDOR Page” means the display designated as page CDOR on the Reuters Monitor
Money Rates Service or such other page as may, from time to time, replace that page on that service
for the purpose of displaying bid quotations for bankers’ acceptances accepted by leading Canadian
banks.

          “Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of such
Lender’s US Tranche Revolving Credit Exposure, European Tranche Revolving Credit Exposure, Canadian
Tranche Revolving Credit Exposure and Australian Tranche Revolving Credit Exposure at such time.

          “Revolving Loan” means a Loan made pursuant to Sections 2.01 and 2.03.

          “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc.,
and its successors.

          “Sale-Leaseback Transaction” means any arrangement whereby the Company or a Subsidiary shall
sell or transfer any property, real or personal, used or useful in its business, whether now owned
or hereinafter acquired, and thereafter rent or lease property that it intends to use for
substantially the same purpose or purposes as the property sold or transferred; provided that any
such arrangement (a) involving no party other than the Company and any Wholly Owned Subsidiary or
(b) entered into within 180 days after the acquisition, construction or substantial improvement of
the subject property shall not be deemed to be a “Sale-Leaseback Transaction”.

          “Schedule I Lender” means any Lender named on Schedule I to the Bank Act (Canada).

          “Schedule I Reference Lenders” means The Bank of Nova Scotia and any other Schedule I Lender
as may be agreed by the applicable Borrowers and the Canadian Agent from time to time.

          “Schedule II Lender” means any Lender named on Schedule II to the Bank Act (Canada).

 

26

          “Schedule II Reference Lender” means JPMorgan Chase Bank, N.A., Toronto Branch.

          “Schedule III Lender” means any Lender named on Schedule III to the Bank Act (Canada).

          “SEC” means the Securities and Exchange Commission or any successor.

          “Securitization” means the transfer or pledge of accounts receivable or interests in accounts
receivable (a) to a trust, partnership, corporation or other entity, which transfer or pledge is
funded by such entity in whole or in part by the issuance to one or more lenders or investors of
indebtedness or securities that are paid principally from the cash flow derived from such accounts
receivable or interests in accounts receivable, or (b) directly to an investor or other purchaser.

          “Significant Subsidiary” means (a) each Borrowing Subsidiary, (b) any Subsidiary that directly
owns or Controls any other Significant Subsidiary, (c) each Subsidiary identified as a Significant
Subsidiary on Schedule 3.02, (d) any Subsidiary designated from time to time by the Company as a
Significant Subsidiary by written notice to the Administrative Agent and (e) any other Subsidiary
(i) the consolidated net sales of which were greater than 5% of the Company’s Consolidated Net
Sales as of the last day of the most recent fiscal period for which financial statements have been
delivered pursuant to Section 5.05(a) or (b) (or, prior to the first delivery of such financial
statements, greater than 5% of the consolidated net sales of the Person in whose financial
statements such Subsidiary is included in the most recent financial statements referred to in
Section 3.05(a) or (b)) or (ii) the consolidated assets of which as of the last day of such fiscal
period were greater than 5% of Consolidated Total Assets as of such date (or, prior to the first
delivery of such financial statements, greater than 5% of the consolidated total assets of the
Person in whose financial statements such Subsidiary is included in the most recent financial
statements referred to in Section 3.05(a) or (b)). The Company will not permit the total
consolidated assets or the consolidated net sales of the Significant Subsidiaries (together with
the directly owned assets of the Company) to at any time represent less than 90% of Consolidated
Total Assets or Consolidated Net Sales of the Company and its Subsidiaries, respectively, in each
case as of and for the period of four fiscal quarters ended on the last day of the most recent
fiscal period for which financial statements have been delivered pursuant to Section 5.05(a) or (b)
(or, prior to the first delivery of such financial statements, the consolidated total assets or
consolidated net sales as of such date or for such period of the Persons in whose financial
statements the Significant Subsidiaries are included in the most recent financial statements
referred to in Section 3.05(a) or (b)). For purposes of making the determinations required by this
definition, net sales and assets of foreign Subsidiaries shall be converted into US Dollars at the
rates used in preparing the consolidated balance sheet of the Company (or, prior to the first
delivery of financial statements pursuant to Section 5.05(a) or (b), the Person in whose financial
statements such foreign Subsidiary is included in the most recent financial statements referred to
in Section 3.05(a) or (b)) included in the applicable financial statements.

 

27

          “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is
the number one and the denominator of which is the number one minus the aggregate of the maximum
reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed
as a decimal established by the Board to which the Administrative Agent is subject, for
eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the
Board). Such reserve percentages shall include those imposed pursuant to such Regulation D.
Eurocurrency Loans shall be deemed to constitute eurocurrency funding and to be subject to such
reserve requirements without benefit of or credit for proration, exemptions or offsets that may be
available from time to time to any Lender under such Regulation D or any comparable regulation.
The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any
change in any reserve percentage.

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

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

          “Subsidiary” means any direct or indirect subsidiary of the Company.

          “Swingline Overnight Rate” means, for any day, with respect to any Swingline Loan, a rate per
annum (rounded upwards, if necessary to the next 1/100 of 1%) equal to the average rate for
deposits in Euro and approximately equal in principal amount to such Swingline Loan obtainable by
JPMBC on such day for such Swingline Loan in the interbank market (or any other market for
overnight funds in such currency utilized by JPMBC) plus the Applicable Rate used to determine
interest on Eurocurrency Revolving Borrowings. The Swingline Overnight Rate shall be determined
for each day by the Swingline Lender and such determination shall be conclusive absent manifest
error.

          “Swingline Exposure” means, at any time, the sum of the US Dollar Equivalents of the
outstanding Swingline Loans at such time. The Swingline Exposure of any European Tranche Lender at
any time shall be its European Tranche Percentage of the total Swingline Exposure at such time.

          “Swingline Lender” means JPMorgan Chase Bank, N.A.

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

 

28

          “Taxes” means any and all present or future taxes, levies, imposts, duties, deductions,
charges or withholdings imposed by any Governmental Authority.

          “Tranche” means a category of Commitments and extensions of credits thereunder. For purposes
hereof, each of the following comprises a separate Tranche: (a) the US Tranche Commitments, the US
Tranche Revolving Loans and the Obligations in respect of Letters of Credit and LC Disbursements,
(b) the European Tranche Commitments, the European Tranche Revolving Loans and the Swingline Loans,
(c) the Canadian Tranche Commitments, the Canadian Tranche Revolving Loans and the Obligations in
respect of outstanding B/As and (d) the Australian Tranche Commitments and the Australian Tranche
Revolving Loans.

          “Tranche Percentage” means, with respect to any Lender holding any Commitment or Loan under
any Tranche, such Lender’s US Tranche Percentage, European Tranche Percentage, Canadian Tranche
Percentage or Australian Tranche Percentage, as applicable.

          “Transactions” means the execution, delivery and performance by the Borrowers of this
Agreement and the other Loan Documents in connection therewith, the borrowing of Loans and
purchases and acceptances of B/As hereunder, the use of the proceeds thereof, the issuance of
Letters of Credit hereunder and the other transactions contemplated to be effected on the Effective
Date in connection therewith.

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

          “UK Borrowing Subsidiary” means any Subsidiary that is incorporated or otherwise organized
under the laws of the United Kingdom or any political subdivision thereof that has been designated
as such pursuant to Section 2.22 and that has not ceased to be a UK Borrowing Subsidiary as
provided in such Section.

          “UK Lending Office” means, as to any European Tranche Lender, the applicable branch, office or
Affiliate of such European Tranche Lender designated by such European Tranche Lender to make Loans
in Sterling.

          “Unfunded Vested Liabilities” means, for any Plan at any time, the amount (if any) by which
(a) the present value of all vested nonforfeitable accrued benefits under such Plan exceeds (b) the
fair market value of all Plan assets allocable to such benefits, all determined as of the then most
recent valuation date for such Plan, but only to the extent that such excess represents a potential
liability of a member of the Controlled Group to the PBGC or the Plan under Title IV of ERISA.

          “US Borrowing Subsidiary” means any Subsidiary that is incorporated or otherwise organized
under the laws of the United States or any political subdivision

 

29

thereof that has been designated as such pursuant to Section 2.22 and that has not ceased to
be a US Borrowing Subsidiary as provided in such Section.

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

          “US Dollar Equivalent” means, on any date of determination, (a) with respect to any amount in
US Dollars, such amount, and (b) with respect to any amount in any Designated Foreign Currency, the
equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to Section
1.05 using the Exchange Rate with respect to such Designated Foreign Currency at the time in effect
under the provisions of such Section.

          “US Lending Office” means, as to any Lender, the applicable branch, office or Affiliate of
such US Tranche Lender designated by such US Tranche Lender to make Loans in US Dollars.

          “US Tranche Commitment” means, with respect to each US Tranche Lender, the commitment of such
US Tranche Lender to make US Tranche Revolving Loans pursuant to Section 2.01(a) and acquire
participations in Letters of Credit, expressed as an amount representing the maximum aggregate
permitted amount of such Lender’s US Tranche Revolving Credit Exposure hereunder, as such
commitment may be (a) reduced from time to time pursuant to Section 2.11 and (b) reduced or
increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04.
The initial amount of each US Tranche Lender’s US Tranche Commitment is set forth on Schedule
2.01, or in the Assignment and Acceptance pursuant to which such US Tranche Lender shall have
assumed its US Tranche Commitment, as applicable. The aggregate amount of the US Tranche
Commitments on the date hereof is US$900,000,000.

          “US Tranche Lender” means a Lender with a US Tranche Commitment or with outstanding US Tranche
Revolving Loans.

          “US Tranche Percentage” means, with respect to any US Tranche Lender, the percentage of the
total US Tranche Commitments represented by such Lender’s US Tranche Commitment. If the US Tranche
Commitments have terminated or expired, the US Tranche Percentages shall be determined based upon
the US Tranche Commitments most recently in effect, giving effect to any assignments.

          “US Tranche Revolving Borrowing” means a Borrowing comprised of US Tranche Revolving Loans.

          “US Tranche Revolving Credit Exposure” means, at any time, the aggregate principal amount of
the US Tranche Revolving Loans outstanding and the amount of LC Exposure at such time. The US
Tranche Revolving Credit Exposure of any Lender at any time shall be such Lender’s US Tranche
Percentage of the total US Tranche Revolving Credit Exposure at such time.

 

30

          “US Tranche Revolving Loan” means a Loan made by a US Tranche Lender pursuant to Section
2.01(a). Each US Tranche Revolving Loan shall be a Eurocurrency Loan or an ABR Loan.

          “USA Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism Act of 2001.

          “Usage” as of any date means the US Dollar Equivalent of the aggregate principal amount of
Loans and LC Exposure outstanding under this Agreement expressed as a percentage of the total
Commitments as of such date.

          “Voting Stock” of any Person means capital stock of any class of classes or other Equity
Interests (however designated) having ordinary voting power for the election of directors or the
equivalent governing body of such Person, other than stock or other Equity Interests having such
power only by reason of happening of a contingency.

          “Welfare Plan” means a “welfare plan” as defined in Section 3(l) of ERISA.

          “Wholly Owned Subsidiary” means any Subsidiary all the Equity Interests in which, other than
directors’ qualifying shares and/or other nominal amounts of Equity Interests that are required to
be held by Persons (other than the Company or its Wholly Owned Subsidiaries, as applicable) under
applicable law, are owned, directly or indirectly, by the Company.

          “Yen” or “¥” means the lawful money of Japan.

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

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

 

31

particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and
Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to,
this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning
and effect and to refer to any and all tangible and intangible assets and properties, including
cash, securities, accounts and contract rights. References herein to the taking of any action
hereunder of an administrative nature by any Borrower shall be deemed to include references to the
Company taking such action on such Borrower’s behalf and the Agents are expressly authorized to
accept any such action taken by the Company as having the same effect as if taken by such Borrower.
Each reference herein to the “knowledge” of the Company or any Subsidiary shall be deemed to be a
reference to the knowledge of any member of senior management of the Company or such Subsidiary,
any Financial Officer and, in the case of any reference to knowledge of any specific subject
matter, the senior manager of the department or office of the Company responsible for such matter.

          SECTION 1.04. Accounting Terms; GAAP. Except as otherwise expressly provided herein, all
terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect
from time to time; provided that, if the Company notifies the Administrative Agent that the Company
requests an amendment to any provision hereof to eliminate the effect of any change occurring after
the date hereof in GAAP or in the application thereof on the operation of such provision (or if the
Administrative Agent notifies the Company that the Required Lenders request an amendment to any
provision hereof for such purpose), regardless of whether any such notice is given before or after
such change in GAAP or in the application thereof, then such provision shall be interpreted on the
basis of GAAP as in effect and applied immediately before such change shall have become effective
until such notice shall have been withdrawn or such provision amended in accordance herewith.

          SECTION 1.05. Exchange Rates. (a) Not later than 1:00 p.m., New York City time, on each
Calculation Date (determined without regard to clause (b) of the definition of such term), the
Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date with respect
to Sterling, Euro, Canadian Dollars, Australian Dollars and each Designated Foreign Currency that
is represented by an outstanding Borrowing as of such Calculation Date and (ii) give notice thereof
to the Lenders and the Company. Not later than 1:00 p.m., New York City time, on the Business Day
immediately preceding the date of any Borrowing in a Designated Foreign Currency for which no
Exchange Rate shall have been determined on the most recent Calculation Date, the Administrative
Agent shall (i) determine the Exchange Rate as of such Business Day with respect to each Designated
Foreign Currency and (ii) give notice thereof to the Lenders and the Company. The Exchange Rates
so determined shall become effective on the first Business Day immediately following the relevant
Calculation Date (a “Reset Date”) or other date of determination, shall remain effective until the
next succeeding Reset Date, and shall for all purposes of this Agreement (other than Section 10.14
or any other provision expressly requiring the use of a current Exchange Rate) be the Exchange
Rates employed in converting any amounts between US Dollars and Designated Foreign Currencies.

 

32

          (b) Not later than 5:00 p.m., New York City time, on each Reset Date and each date on which
Revolving Loans denominated in any Designated Foreign Currency are made, the Administrative Agent
shall (i) determine the aggregate amount of each of the European Tranche Revolving Credit Exposure,
the Canadian Tranche Revolving Credit Exposure and the Australian Tranche Revolving Credit Exposure
and the aggregate US Dollar Equivalent of the principal amounts of the Competitive Loans
denominated in Designated Foreign Currencies then outstanding (after giving effect to any Loans
made or repaid on such date) and (ii) notify the Lenders and the Company of the results of such
determination.

          SECTION 1.06. Determinations Made in Good Faith. All determinations hereunder made by any
party hereto shall be made in good faith.

ARTICLE II

The Credits

          SECTION 2.01. Commitments. (a) Subject to the terms and conditions set forth herein, each
US Tranche Lender agrees to make US Tranche Revolving Loans to the Company and the US Borrowing
Subsidiaries from time to time during the Availability Period in US Dollars in an aggregate
principal amount that will not result in (i) such Lender’s US Tranche Revolving Credit Exposure
exceeding such Lender’s US Tranche Commitment, (ii) the sum of the total US Tranche Revolving
Credit Exposures exceeding the total US Tranche Commitments or (iii) the sum of the aggregate
Revolving Credit Exposures plus the total Competitive Loan Exposures exceeding the total
Commitments.

          (b) Subject to the terms and conditions set forth herein, each European Tranche Lender agrees
from time to time during the Availability Period (i) to make European Tranche Revolving Loans in
Euro to the Euro Borrowing Subsidiaries from its Euro Lending Office, (ii) to make European Tranche
Revolving Loans in Sterling to the UK Borrowing Subsidiaries from its UK Lending Office and (iii)
to make European Tranche Revolving Loans in US Dollars to the Company and the US Borrowing
Subsidiaries from its US Lending Office in an aggregate principal amount that will not result in
(A) such Lender’s European Tranche Revolving Credit Exposure exceeding such Lender’s European
Tranche Commitment, (B) the sum of the total European Tranche Revolving Credit Exposures exceeding
the total European Tranche Commitments or (C) the sum of the aggregate Revolving Credit Exposures
plus the total Competitive Loan Exposures exceeding the total Commitments.

          (c) Subject to the terms and conditions set forth herein, each Canadian Tranche Lender agrees
from time to time during the Availability Period (i) to make Canadian Tranche Revolving Loans in
Canadian Dollars to the Canadian Borrowing Subsidiaries from its Canadian Lending Office and/or to
cause its Canadian Lending Office to accept and purchase or arrange for the acceptance and
purchase of drafts drawn by the Canadian Borrowing Subsidiaries in Canadian Dollars as B/As and
(ii) to make Canadian Tranche Revolving Loans in US Dollars to the Company and the US

 

33

Borrowing Subsidiaries from its US Lending Office in an aggregate principal amount that will
not result in (A) such Lender’s Canadian Tranche Revolving Credit Exposure exceeding such Lender’s
Canadian Tranche Commitment, (B) the sum of the total Canadian Tranche Revolving Credit Exposures
exceeding the total Canadian Tranche Commitments or (C) the sum of the aggregate Revolving Credit
Exposures plus the total Competitive Loan Exposures exceeding the total Commitments.

          (d) Subject to the terms and conditions set forth herein, each Australian Tranche Lender
agrees from time to time during the Availability Period (i) to make Australian Tranche Revolving
Loans in Australian Dollars to the Australian Borrowing Subsidiaries from its Australian Lending
Office and (ii) to make Australian Tranche Revolving Loans in US Dollars to the Company and the US
Borrowing Subsidiaries from its US Lending Office in an aggregate principal amount that will not
result in (A) such Lender’s Australian Tranche Revolving Credit Exposure exceeding such Lender’s
Australian Tranche Commitment, (B) the sum of the total Australian Tranche Revolving Credit
Exposures exceeding the total Australian Tranche Commitments or (C) the sum of the aggregate
Revolving Credit Exposures plus the total Competitive Loan Exposures exceeding the total
Commitments.

          (e) Within the foregoing limits and subject to the terms and conditions set forth herein, the
Borrowers may borrow, prepay and reborrow Revolving Loans during the Availability Period.

          SECTION 2.02. Loans and Borrowings. (a) Each US Tranche Revolving Loan shall be made as
part of a Borrowing consisting of US Tranche Revolving Loans made by the US Tranche Lenders (or
their Affiliates as provided in paragraph (b) below) ratably in accordance with their respective US
Tranche Commitments. Each European Tranche Revolving Loan shall be made as part of a Borrowing
consisting of European Tranche Revolving Loans made by the European Tranche Lenders (or their
Affiliates as provided in paragraph (b) below) ratably in accordance with their respective European
Tranche Commitments. Each Canadian Tranche Revolving Loan shall be made as part of a Borrowing
consisting of Canadian Tranche Revolving Loans made by the Canadian Tranche Lenders (or their
Affiliates as provided in paragraph (b) below) ratably in accordance with their respective Canadian
Tranche Commitments. Each Australian Tranche Revolving Loan shall be made as part of a Borrowing
consisting of Australian Tranche Revolving Loans made by the Australian Tranche Lenders (or their
Affiliates as provided in paragraph (b) below) ratably in accordance with their respective
Australian Tranche Commitments. Each Competitive Loan shall be made in accordance with the
procedures set forth in Section 2.04. The failure of any Lender to make any Loan required to be
made by it shall not relieve any other Lender of its obligations hereunder; provided that the
Commitments and Competitive Bids of the Lenders are several and no Lender shall be responsible for
any other Lender’s failure to make Loans as required.

          (b) Subject to Section 2.16, (i) each US Tranche Revolving Borrowing shall be comprised
entirely of Eurocurrency Loans or ABR Loans, as the applicable Borrower may request in accordance
herewith; (ii) each European Tranche Revolving Borrowing shall be comprised entirely of (A) in the
case of a European Tranche

 

34

Revolving Borrowing denominated in Euros or Sterling, Eurocurrency Loans, and (B) in the case
of a European Tranche Revolving Borrowing denominated in US Dollars, Eurocurrency Loans or ABR
Loans, as the applicable Borrower may request in accordance herewith; (iii) each Canadian Tranche
Revolving Borrowing shall be comprised entirely of (A) in the case of a Canadian Tranche Revolving
Borrowing denominated in Canadian Dollars, Canadian Base Rate Loans, and (B) in the case of a
Canadian Tranche Revolving Borrowing denominated in US Dollars, Eurocurrency Loans or ABR Loans, as
the applicable Borrower may request in accordance herewith; (iv) each Australian Tranche Revolving
Borrowing shall be comprised entirely of (A) in the case of an Australian Tranche Revolving
Borrowing denominated in Australian Dollars, Bill Rate Loans, and (B) in the case of an Australian
Tranche Revolving Borrowing denominated in US Dollars, Eurocurrency Loans or ABR Loans, as the
applicable Borrower may request in accordance therewith; and (v) each Competitive Borrowing shall
be comprised entirely of Eurocurrency Loans or Fixed Rate Loans as the applicable Borrower may
request in accordance herewith. Each Lender at its option may make any Loan by causing any
domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any
exercise of such option shall not affect the obligation of any Borrower to repay such Loan in
accordance with the terms of this Agreement.

          (c) At the commencement of each Interest Period for any Eurocurrency Revolving Borrowing,
such Borrowing shall be an integral multiple of the Borrowing Multiple and not less than the
Borrowing Minimum. At the time that each ABR Revolving Borrowing is made, such Borrowing shall be
in an aggregate amount that is an integral multiple of US$1,000,000 and not less than US$5,000,000;
provided that an ABR Revolving Borrowing may be in an aggregate amount that is equal to the entire
unused balance of the total US Tranche Commitments, European Tranche Commitments, Canadian Tranche
Commitments or Australian Tranche Commitments, as the case may be. At the time that each Canadian
Base Rate Revolving Borrowing is made, such Borrowing shall be in an aggregate amount that is an
integral multiple of C$1,000,000 and not less than C$1,000,000; provided that a Canadian Base Rate
Borrowing may be in an aggregate amount that is equal to the entire unused balance of the Canadian
Tranche Commitments. Each Swingline Loan shall be in an amount that is an integral multiple of
€1,000,000 and not less than €1,000,000. Each Competitive Borrowing shall be in an aggregate
amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing
Minimum. Borrowings of more than one Type and Class may be outstanding at the same time; provided
that there shall not at any time be outstanding more than a total of (i) 10 Eurocurrency Revolving
Borrowings denominated in US Dollars or (ii) 3 Eurocurrency Revolving Borrowings denominated in any
single other currency.

          (d) Notwithstanding any other provision of this Agreement, no Borrower shall be entitled to
request, or to elect to convert or continue, any Revolving Borrowing if the Interest Period
requested with respect thereto would end after the Maturity Date, or to request any Competitive
Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.

 

35

          SECTION 2.03. Requests for Revolving Borrowings. To request a Revolving Borrowing, the
applicable Borrower shall notify the Applicable Agent of such request by telephone or by telecopy
(a) in the case of a Eurocurrency Borrowing, not later than 11:00 a.m., Local Time, three Business
Days before the date of the proposed Borrowing, (b) in the case of an ABR Borrowing, not later than
11:00 a.m., Local Time, on the Business Day of the proposed Borrowing or (c) in the case of a
Canadian Base Rate Borrowing, not later than 11:00 a.m., Local Time on the Business Day of the
proposed Borrowing. Each such Borrowing Request shall be irrevocable and, if telephonic, shall be
confirmed promptly by hand delivery or telecopy to the Applicable Agent of a written Borrowing
Request in a form agreed to by the Applicable Agent and the Company and signed by the applicable
Borrower, or by the Company on behalf of the applicable Borrower. Each such telephonic and written
Borrowing Request shall specify the following information in compliance with Section 2.02:

     (i) the Borrower requesting such Borrowing (or on whose behalf the Company is
requesting such Borrowing);

     (ii) whether the requested Borrowing is to be a US Tranche Borrowing, a European
Tranche Borrowing, a Canadian Tranche Borrowing or an Australian Tranche Borrowing;

     (iii) the currency and aggregate amount of the requested Borrowing;

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

     (v) the Type of the requested Borrowing;

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

     (vii) the location and number of the relevant Borrower’s account to which funds are to
be disbursed, which shall comply with the requirements of Section 2.09.

If no currency is specified with respect to any requested Eurocurrency Borrowing, then the relevant
Borrower shall be deemed to have selected (i) in the case of any UK Borrowing Subsidiary, Sterling,
(ii) in the case of any Euro Borrowing Subsidiary, Euro, (iii) in the case of any Canadian
Borrowing Subsidiary, Canadian Dollars, (iv) in the case of any Australian Borrowing Subsidiary,
Australian Dollars, and (v) in the case of the Company and any other Borrowing Subsidiary, US
Dollars. If no election as to the Type of Revolving Borrowing is specified, then the requested
Revolving Borrowing shall be (A) in the case of a Borrowing denominated in US Dollars, an ABR
Borrowing (ii) in the case of a Borrowing denominated in Canadian Dollars, a Canadian Base Rate
Borrowing, (iii) in the case of a Borrowing denominated in Australian Dollars, a Bill Rate
Borrowing, and (iv) in the case of a Borrowing denominated in any other currency, a Eurocurrency
Borrowing. If no Interest Period is specified with respect to any requested Eurocurrency Revolving
Borrowing or Bill Rate Borrowing, then the Borrower shall be deemed to have

 

36

selected an Interest Period of one month’s duration. Promptly following receipt of a
Borrowing Request in accordance with this Section, the Applicable Agent shall advise each Lender of
the details thereof and of the amount of such Lender’s Loan to be made as part of the requested
Borrowing.

          SECTION 2.04. Competitive Bid Procedure. (a) Subject to the terms and conditions set forth
herein, from time to time during the Availability Period any Borrower may request Competitive Bids
and may (but shall not have any obligation to) accept Competitive Bids and borrow Competitive Loans
denominated in US Dollars or any Designated Foreign Currency (excluding Australian Dollars);
provided that after giving effect to any Borrowing of Competitive Loans (i) the sum of the total
Revolving Credit Exposures plus the total Competitive Loans shall not exceed the total Commitments
and (ii) in the event the Maturity Date shall have been extended as provided in Section 2.11(e),
the sum of the aggregate LC Exposures attributable to Letters of Credit expiring after any Existing
Maturity Date and the Competitive Loan Exposures attributable to Competitive Loans maturing after
such Existing Maturity Date shall not exceed the total Commitments that have been extended to a
date after the expiration date of the last of such Letters of Credit and the maturity of the last
of such Competitive Loans. To request Competitive Bids, the Company or the applicable Borrowing
Subsidiary shall notify the Applicable Agent of such request by telephone or by telecopy, in the
case of a Eurocurrency Borrowing, not later than 11:00 a.m., Local Time, four Business Days before
the date of the proposed Borrowing and, in the case of a Fixed Rate Borrowing, not later than 10:00
a.m., Local Time, one Business Day before the date of the proposed Borrowing; provided that the
Borrowers may submit up to (but not more than) five Competitive Bid Requests on the same day, but a
Competitive Bid Request shall not be made within five Business Days after the date of any previous
Competitive Bid Request, unless any and all such previous Competitive Bid Requests shall have been
withdrawn or all Competitive Bids received in response thereto rejected. Each such telephonic
Competitive Bid Request shall be confirmed promptly by hand delivery or telecopy to the Applicable
Agent of a written Competitive Bid Request in a form approved by the Applicable Agent and signed by
the applicable Borrower, or by the Company on behalf of the applicable Borrower. Each such
telephonic and written Competitive Bid Request shall specify the following information in
compliance with Section 2.02:

     (i) the Borrower requesting such Borrowing (or on whose behalf the Company is
requesting such Borrowing);

     (ii) the aggregate principal amount and currency of the requested Borrowing;

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

     (iv) whether such Borrowing is to be a Eurocurrency Borrowing or a Fixed Rate
Borrowing;

 

37

     (v) the Interest Period to be applicable to such Borrowing, which shall be a period
contemplated by the definition of the term “Interest Period” and shall end no later than
the Maturity Date; and

     (vi) the location and number of the Borrower’s account to which funds are to be
disbursed, which shall comply with the requirements of Section 2.09.

Promptly following receipt of a Competitive Bid Request in accordance with this Section, the
Applicable Agent shall notify the Lenders of the details thereof by telecopy, inviting the Lenders
to submit Competitive Bids.

          (b) Each Lender may (but shall not have any obligation to) make one or more Competitive Bids
to the applicable Borrower in response to a Competitive Bid Request. Each Competitive Bid by a
Lender must be in a form approved by the Applicable Agent and must be received by the Applicable
Agent by telecopy, in the case of a Eurocurrency Competitive Borrowing, not later than 9:30 a.m.,
Local Time, three Business Days before the proposed date of such Competitive Borrowing, and in the
case of a Fixed Rate Borrowing, not later than 9:30 a.m., Local Time, on the proposed date of such
Competitive Borrowing. Competitive Bids that do not conform substantially to the form approved by
the Applicable Agent may be rejected by the Applicable Agent, and the Applicable Agent shall notify
the applicable Lender as promptly as practicable. Each Competitive Bid shall specify (i) the
principal amount (which shall be an amount at least equal to the Borrowing Minimum and an integral
multiple of the Borrowing Multiple and which may equal the entire principal amount of the
Competitive Borrowing requested by the applicable Borrower) of the Competitive Loan or Loans that
the Lender is willing to make, (ii) the Competitive Bid Rate or Rates at which the Lender is
prepared to make such Loan or Loans (expressed as a percentage rate per annum in the form of a
decimal to no more than four decimal places) and (iii) the Interest Period applicable to each such
Loan and the last day thereof.

          (c) The Applicable Agent shall promptly notify the applicable Borrower by telecopy of the
Competitive Bid Rate and the principal amount specified in each Competitive Bid and the identity of
the Lender that shall have made such Competitive Bid.

          (d) Subject only to the provisions of this paragraph, a Borrower may accept or reject any
Competitive Bid. The applicable Borrower shall notify the Applicable Agent by telecopy or by
telephone, confirmed by telecopy in a form approved by the Applicable Agent, whether and to what
extent it has decided to accept or reject each Competitive Bid, in the case of a Eurocurrency
Competitive Borrowing, not later than 11:00 a.m., Local Time, three Business Days before the date
of the proposed Competitive Borrowing, and in the case of a Fixed Rate Borrowing, not later than
11:00 a.m., Local Time, on the proposed date of the Competitive Borrowing; provided that (i) the
failure of a Borrower to give such notice shall be deemed to be a rejection of each Competitive
Bid, (ii) a Borrower shall not accept a Competitive Bid made at a particular Competitive Bid Rate
if such Borrower rejects a Competitive Bid made at a lower Competitive Bid Rate, (iii) the
aggregate amount of the Competitive Bids accepted

 

38

by a Borrower shall not exceed the aggregate amount of the requested Competitive Borrowing
specified in the related Competitive Bid Request, (iv) to the extent necessary to comply with
clause (iii) above, a Borrower may accept Competitive Bids at the same Competitive Bid Rate in
part, which acceptance, in the case of multiple Competitive Bids at such Competitive Bid Rate,
shall be made pro rata in accordance with the amount of each such Competitive Bid, and (v) except
pursuant to clause (iv) above, no Competitive Bid shall be accepted for a Competitive Loan unless
such Competitive Loan is in a minimum principal amount of at least the Borrowing Minimum that is an
integral multiple of the Borrowing Multiple; provided further that if a Competitive Loan must be in
an amount less than the Borrowing Minimum because of the provisions of clause (iv) above, such
Competitive Loan may be for a minimum of US$1,000,000 (or, in the case of a Competitive Loan
denominated in a Designated Foreign Currency, the smallest amount of such currency that (i) is an
integral multiple of 1,000,000 units of such currency and (ii) has a US Dollar Equivalent in excess
of US$1,000,000) or any integral multiple thereof, and in calculating the pro rata allocation of
acceptances of portions of multiple Competitive Bids at a particular Competitive Bid Rate pursuant
to clause (iv) the amounts shall be rounded to integral multiples of the Borrowing Multiple in a
manner determined by the applicable Borrower. A notice given by a Borrower pursuant to this
paragraph shall be irrevocable.

          (e) The Applicable Agent shall promptly notify each bidding Lender by telecopy whether or not
its Competitive Bid has been accepted (and, if so, the amount and Competitive Bid Rate so
accepted), and each successful bidder will thereupon become bound, subject to the terms and
conditions hereof, to make the Competitive Loan in respect of which its Competitive Bid has been
accepted.

If the Applicable Agent shall elect to submit a Competitive Bid in its capacity as a Lender, it
shall submit such Competitive Bid directly to the applicable Borrower at least one quarter of an
hour earlier than the time by which the other Lenders are required to submit their Competitive Bids
to the Applicable Agent pursuant to paragraph (b) of this Section.

          SECTION 2.05. Swingline Loans. (a) Subject to the terms and conditions set forth
herein, the Swingline Lender agrees to make Swingline Loans to any UK Borrowing Subsidiary or Euro
Borrowing Subsidiary denominated in Euros from time to time during the Availability Period, in an
aggregate amount at any time outstanding that will not result in (i) the sum of the US Dollar
Equivalents of the principal amounts of the outstanding Swingline Loans exceeding US$100,000,000,
(ii) the aggregate amount of the European Tranche Revolving Credit Exposures exceeding the
aggregate amount of the European Tranche Commitments or (iii) the sum of the aggregate Revolving
Credit Exposures plus the total Competitive Loan Exposures exceeding the total Commitments;
provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an
outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions
set forth herein, the UK Borrowing Subsidiaries and the Euro Borrowing Subsidiaries may borrow,
prepay and reborrow Swingline Loans.

 

39

          (b) To request a Swingline Loan, the applicable Borrower shall notify the Applicable Agent
(with a copy to the Administrative Agent) and the Swingline Lender of such request by telephone
(confirmed by telecopy), not later than 12:00 noon, Local Time, on the day of such proposed
Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which
shall be a Business Day) and amount of the requested Swingline Loan. The Swingline Lender shall
make each Swingline Loan available to the applicable Borrower by means of a credit to an account of
such Borrower maintained with the Applicable Agent in London by 3:00 p.m., Local Time, on the
requested date of such Swingline Loan.

          (c) The Swingline Lender may by written notice given to the London Agent (with a copy to the
Administrative Agent) not later than 10:00 a.m., Local Time, on any Business Day require the
European Tranche Lenders to acquire participations on such Business Day in all or a portion of the
Swingline Loans outstanding. Such notice shall specify the aggregate amount of Swingline Loans in
which the European Tranche Lenders will participate. Promptly upon receipt of such notice, the
London Agent will give notice thereof to each European Tranche Lender, specifying in such notice
such European Tranche Lender’s European Tranche Percentage of such Swingline Loan or Loans. Each
European Tranche Lender hereby absolutely and unconditionally agrees, upon receipt of notice as
provided above, to pay to the London Agent, for the account of the Swingline Lender, such Lender’s
European Tranche Percentage of such Swingline Loan or Loans. Each European Tranche Lender
acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant
to this paragraph is absolute and unconditional and shall not be affected by any circumstance
whatsoever, including the occurrence and continuance of a Default or reduction or termination of
the European Tranche Commitments, and that each such payment shall be made without any offset,
abatement, withholding or reduction whatsoever. Each European Tranche Lender shall comply with its
obligations under this paragraph by wire transfer of immediately available funds, in the same
manner as provided in Section 2.09 with respect to Loans made by such European Tranche Lender (and
Section 2.09 shall apply, mutatis mutandis, to the payment obligations of the European Tranche
Lenders), and the London Agent shall promptly pay to the Swingline Lender the amounts so received
by it from the European Tranche Lenders. The London Agent shall notify the applicable Borrower of
any participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter
payments in respect of such Swingline Loan shall be made to the London Agent and not to the
Swingline Lender. Any amounts received by a Swingline Lender from or on behalf of the applicable
Borrower in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a
sale of participations therein shall be promptly remitted to the London Agent; any such amounts
received by the London Agent shall be promptly remitted to the European Tranche Lenders that shall
have made their payments pursuant to this paragraph and to the Swingline Lender, as their interests
may appear; provided that any such payment so remitted shall be repaid to the Swingline Lender or
to the London Agent, as the case may be, if and to the extent such payment is required to be
refunded to a Borrower for any reason. The purchase of participations in a Swingline Loan pursuant
to this paragraph shall not relieve any Borrower of any default in the payment thereof.

 

40

          SECTION 2.06. Letters of Credit. (a) General. Subject to the terms and conditions
set forth herein, each of the Company and the Borrowing Subsidiaries may request the issuance of
Letters of Credit denominated in US Dollars for its own account, in a form reasonably acceptable to
the Administrative Agent and the applicable Issuing Bank, at any time and from time to time during
the Availability Period. In the event of any inconsistency between the terms and conditions of
this Agreement and the terms and conditions of any form of letter of credit application or other
agreement submitted by such Borrower to, or entered into by such Borrower with, any Issuing Bank
relating to any Letter of Credit, the terms and conditions of this Agreement shall control.

          (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To
request the issuance of a Letter of Credit (or the amendment, renewal or extension of an
outstanding Letter of Credit), the Company or the applicable Borrowing Subsidiary shall hand
deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have
been approved by the applicable Issuing Bank) to an Issuing Bank and the Administrative Agent
(reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice
requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended,
renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which
shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply
with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of
the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew
or extend such Letter of Credit. If requested by the applicable Issuing Bank, such Borrower also
shall submit a letter of credit application on such Issuing Bank’s standard form in connection with
any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or
extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the
Borrowers shall be deemed to represent and warrant that), after giving effect to such issuance,
amendment, renewal or extension, it will not result in (i) the LC Exposure exceeding $75,000,000,
(ii) the sum of the total US Tranche Revolving Credit Exposures exceeding the total US Tranche
Commitments, (iii) the sum of the aggregate Revolving Credit Exposures plus the total Competitive
Loan Exposures exceeding the total Commitments or (iv) in the event the Maturity Date shall have
been extended as provided in Section 2.11(e), (A) the sum of the LC Exposures attributable to
Letters of Credit expiring after any Existing Maturity Date exceeding the total US Tranche
Commitments with a Maturity Date later than expiration date of the last of such Letters of Credit
or (B) the sum of (i) the aggregate LC Exposures attributable to Letters of Credit expiring after
any Existing Maturity Date and (ii) the Competitive Loan Exposures attributable to Competitive
Loans maturing after such Existing Maturity Date exceeding the total Commitments with a Maturity
Date later than the expiration date of the last of such Letters of Credit and the maturity of the
last of such Competitive Loans.

          (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of
business on the earlier of (i) the date one year after the date of the issuance of such Letter of
Credit (or, in the case of any renewal or extension thereof, one year after such renewal or
extension) and (ii) the date that is five Business Days prior to the Maturity Date.

 

41

          (d) Participations. By the issuance of a Letter of Credit (or an amendment to a
Letter of Credit increasing the amount thereof) and without any further action on the part of the
applicable Issuing Bank or the US Tranche Lenders, such Issuing Bank hereby grants to each US
Tranche Lender, and each US Tranche Lender hereby acquires from such Issuing Bank, a participation
in such Letter of Credit equal to such US Tranche Lender’s US Tranche Percentage of the aggregate
amount available to be drawn under such Letter of Credit. In consideration and in furtherance of
the foregoing, each US Tranche Lender hereby absolutely and unconditionally agrees to pay to the
Administrative Agent, for the account of the applicable Issuing Bank, such US Tranche Lender’s US
Tranche Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed by the
applicable Borrower on the date due as provided in paragraph (e) of this Section, or of any
reimbursement payment required to be refunded to the applicable Borrower for any reason. Each US
Tranche Lender acknowledges and agrees that its obligation to acquire participations pursuant to
this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be
affected by any circumstance whatsoever, including any amendment, renewal or extension of any
Letter of Credit, (provided that such letter of credit shall expire no later than the date set
forth in paragraph (c) of this Section) or the occurrence and continuance of a Default or reduction
or termination of the Commitments, and that each such payment shall be made without any offset,
abatement, withholding or reduction whatsoever.

          (e) Reimbursement. If any Issuing Bank shall make any LC Disbursement in respect of
a Letter of Credit, the applicable Borrower shall reimburse such LC Disbursement by paying to the
Administrative Agent an amount equal to such LC Disbursement not later than 2:00 p.m., New York
City time, on the date that such LC Disbursement is made, if such Borrower shall have received
notice of such LC Disbursement prior to 10:00 a.m., New York City time, on such date, or, if such
notice has not been received by such Borrower prior to such time on such date, then not later than
2:00 p.m., New York City time, on (i) the Business Day that the applicable Borrower receives such
notice, if such notice is received prior to 10:00 a.m., New York City time, on the day of receipt,
or (ii) the Business Day immediately following the day that such Borrower receives such notice, if
such notice is not received prior to such time on the day of receipt; provided that, if such LC
Disbursement is not less than $1,000,000, then, if the Maturity Date shall not have occurred, such
Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with
Section 2.03 that such payment be financed with an ABR Revolving Borrowing in an equivalent amount
and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged
and replaced by the resulting ABR Revolving Borrowing. If the applicable Borrower fails to make
such payment when due, the Administrative Agent shall notify each US Tranche Lender of the
applicable LC Disbursement, the payment then due from such Borrower in respect thereof and such US
Tranche Lender’s US Tranche Percentage thereof. Promptly following receipt of such notice, each US
Tranche Lender shall pay to the Administrative Agent its US Tranche Percentage of the payment then
due from such Borrower, in the same manner as provided in Section 2.09 with respect to Loans made
by such US Tranche Lender (and Section 2.09 shall apply, mutatis mutandis, to the payment
obligations of the US Tranche Lenders), and the Administrative Agent shall promptly pay to the
applicable Issuing Bank the amounts so received by it from the US Tranche

 

42

Lenders. Promptly following receipt by the Administrative Agent of any payment from the
applicable Borrower pursuant to this paragraph, the Administrative Agent shall distribute such
payment to the applicable Issuing Bank or, to the extent that US Tranche Lenders have made payments
pursuant to this paragraph to reimburse such Issuing Bank, then to such US Tranche Lenders and such
Issuing Bank as their interests may appear. Any payment made by a US Tranche Lender pursuant to
this paragraph to reimburse such Issuing Bank for any LC Disbursement (other than the funding of
ABR Revolving Loans as contemplated above) shall not constitute a Loan and shall not relieve the
Borrower of its obligation to reimburse such LC Disbursement.

          (f) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as
provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and
shall be performed strictly in accordance with the terms of this Agreement under any and all
circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any
Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other
document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any
respect or any statement therein being untrue or inaccurate in any respect or (iii) any other event
or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the
provisions of this Section, constitute a legal or equitable discharge of, or provide a right of
setoff against, the Borrower’s obligations hereunder. Neither the Administrative Agent, the
Lenders nor any of the Issuing Banks, nor any of their Related Parties, shall have any liability or
responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit
or any payment or failure to make any payment thereunder (irrespective of any of the circumstances
referred to in the preceding sentence), or any error, omission, interruption, loss or delay in
transmission or delivery of any draft, notice or other communication under or relating to any
Letter of Credit (including any document required to make a drawing thereunder), any error in
interpretation of technical terms or any consequence arising from causes beyond the control of the
applicable Issuing Bank; provided that the foregoing shall not be construed to excuse any Issuing
Bank from liability to the Borrower to the extent of any direct damages (as opposed to
consequential damages, claims in respect of which are hereby waived by the Borrower to the extent
permitted by applicable law) suffered by the Borrower that are caused by such Issuing Bank’s
failure to exercise care when determining whether drafts and other documents presented under a
Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the
absence of gross negligence, bad faith or wilful misconduct on the part of the applicable Issuing
Bank (as finally determined by a court of competent jurisdiction), such Issuing Bank shall be
deemed to have exercised care in each such determination. In furtherance of the foregoing and
without limiting the generality thereof, the parties agree that, with respect to documents
presented which appear on their face to be in substantial compliance with the terms of a Letter of
Credit, the applicable Issuing Bank may, in its sole discretion, either accept and make payment
upon such documents without responsibility for further investigation, regardless of any notice or
information to the contrary, or refuse to accept and make payment upon such documents if such
documents are not in strict compliance with the terms of such Letter of Credit.

 

43

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

          (h) Interim Interest. If an Issuing Bank shall make any LC Disbursement, then,
unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC
Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and
including the date such LC Disbursement is made to but excluding the date that such Borrower
reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans;
provided that, if such Borrower fails to reimburse such LC Disbursement when due pursuant to
paragraph (e) of this Section, then Section 2.15(e) shall apply. Interest accrued pursuant to this
paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on
and after the date of payment by any Lender pursuant to paragraph (e) of this Section to reimburse
such Issuing Bank shall be for the account of such Lender to the extent of such payment.

          (i) Replacement of the Issuing Bank. An Issuing Bank may be replaced at any time by
written agreement among the Borrowers, the Administrative Agent, the replaced Issuing Bank and the
successor Issuing Bank. The Administrative Agent shall notify the US Tranche Lenders of any such
replacement of an Issuing Bank. At the time any such replacement shall become effective, the
Borrowers shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant
to Section 2.14(c). From and after the effective date of any such replacement, the successor
Issuing Bank shall have all the rights and obligations of the applicable replaced Issuing Bank
under this Agreement with respect to Letters of Credit to be issued thereafter. After the
replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and
shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with
respect to Letters of Credit issued by it prior to such replacement, but shall not be required to
issue additional Letters of Credit.

          (j) Cash Collateralization. If any Event of Default shall occur and be continuing,
on the Business Day that the Company receives notice from the Administrative Agent, the Required
Lenders or, after the Commitments shall have been terminated or Loans accelerated pursuant to
Article VII, Lenders representing more than 50% of the aggregate LC Exposures, demanding the
deposit of cash collateral pursuant to this paragraph, the Company shall deposit (or shall make
other collateral arrangements satisfactory to the Administrative Agent) in an account with the
Administrative Agent, in the name of the Administrative Agent and for the benefit of the US Tranche
Lenders, an amount in cash equal to the LC Exposure as of such date plus any accrued and unpaid
interest thereon; provided that the obligation to deposit such cash collateral shall become
effective immediately, and such deposit shall become immediately due and payable, without demand or
other notice of any kind, upon the occurrence of any Event of Default

 

44

with respect to the Company or any Significant Subsidiary described in clause (g) or (h) of
Article VII. Such deposit shall be held by the Administrative Agent as collateral for the payment
and performance of the obligations of the Borrowers under this Agreement. The Administrative Agent
shall have exclusive dominion and control, including the exclusive right of withdrawal, over such
account. Other than any interest earned on the investment of such deposits, which investments
shall be made at the option and sole discretion of the Administrative Agent in liquid, highly-rated
investments and at the Company’s risk and expense, such deposits shall not bear interest. Interest
or profits, if any, on such investments shall accumulate in such account. Moneys in such account
shall be applied by the Administrative Agent to reimburse any Issuing Bank for LC Disbursements for
which it has not been reimbursed and, to the extent not so applied, shall be held for the
satisfaction of the reimbursement obligations of the Borrowers, as applicable, for the LC Exposure
at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of
US Tranche Lenders holding a majority in interest of the US Tranche Revolving Credit Exposure and
unused US Tranche Commitments), be applied to satisfy other obligations of the Borrowers under this
Agreement. If the Company is required to provide an amount of cash collateral hereunder as a
result of the occurrence of an Event of Default, such amount (to the extent not applied as
aforesaid) shall be returned to the Company within three Business Days after all Events of Default
have been cured or waived.

          SECTION 2.07. Canadian Bankers’ Acceptances. (a) Each acceptance and purchase of B/As of a
single Contract Period pursuant to Section 2.01(c) or Section 2.10 shall be made ratably by the
Canadian Tranche Lenders in accordance with the amounts of their Canadian Tranche Commitments. The
failure of any Canadian Tranche Lender to accept any B/A required to be accepted by it shall not
relieve any other Canadian Tranche Lender of its obligations hereunder; provided that the Canadian
Tranche Commitments are several and no Canadian Tranche Lender shall be responsible for any other
Canadian Tranche Lender’s failure to accept B/As as required.

          (b) The B/As of a single Contract Period accepted and purchased on any date shall be in an
aggregate amount that is an integral multiple of C$1,000,000 and not less than C$5,000,000. The
face amount of each B/A shall be C$100,000 or any whole multiple thereof. If any Canadian Tranche
Lender’s ratable share of the B/As of any Contract Period to be accepted on any date would not be
an integral multiple of C$100,000, the face amount of the B/As accepted by such Lender may be
increased or reduced to the nearest integral multiple of C$100,000 by the Canadian Agent in its
sole discretion. B/As of more than one Contract Period may be outstanding at the same time;
provided that there shall not at any time be more than a total of three B/A Drawings outstanding.

          (c) To request an acceptance and purchase of B/As, a Borrower shall notify the Canadian Agent
of such request by telephone or by telecopy not later than 10:00 a.m., Local Time, one Business Day
before the date of such acceptance and purchase. Each such request shall be irrevocable and, if
telephonic, shall be confirmed promptly by hand delivery or telecopy to the Canadian Agent of a
written request in a

 

45

form approved by the Canadian Agent and signed by such Borrower. Each such telephonic and
written request shall specify the following information:

     (i) the aggregate face amount of the B/As to be accepted and purchased;

     (ii) the date of such acceptance and purchase, which shall be a Business Day;

     (iii) the Contract Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Contract Period” (and which shall in no event
end after the Maturity Date); and

     (iv) the location and number of the Borrower’s account to which any funds are to be
disbursed, which shall comply with the requirements of Section 2.09. If no Contract Period
is specified with respect to any requested acceptance and purchase of B/As, then the
Borrower shall be deemed to have selected a Contract Period of 30 days’ duration.

Promptly following receipt of a request in accordance with this paragraph, the Canadian Agent shall
advise each Canadian Tranche Lender of the details thereof and of the amount of B/As to be accepted
and purchased by such Lender.

          (d) Each Borrower hereby appoints each Canadian Tranche Lender as its attorney to sign and
endorse on its behalf, manually or by facsimile or mechanical signature, as and when deemed
necessary by such Lender, blank forms of B/As. It shall be the responsibility of each Canadian
Tranche Lender to maintain an adequate supply of blank forms of B/As for acceptance under this
Agreement. Each Borrower recognizes and agrees that all B/As signed and/or endorsed on its behalf
by any Canadian Tranche Lender shall bind such Borrower as fully and effectually as if manually
signed and duly issued by authorized officers of such Borrower. Each Canadian Tranche Lender is
hereby authorized to issue such B/As endorsed in blank in such face amounts as may be determined by
such Lender; provided that the aggregate face amount thereof is equal to the aggregate face amount
of B/As required to be accepted by such Lender. No Canadian Tranche Lender shall be liable for any
damage, loss or claim arising by reason of any loss or improper use of any such instrument unless
such loss or improper use results from the bad faith, gross negligence or willful misconduct of
such Lender. Each Canadian Tranche Lender shall maintain a record with respect to B/As (i)
received by it from the Canadian Agent in blank hereunder, (ii) voided by it for any reason, (iii)
accepted and purchased by it hereunder and (iv) canceled at their respective maturities. Each
Canadian Tranche Lender further agrees to retain such records in the manner and for the periods
provided in applicable provincial or Federal statutes and regulations of Canada and to provide such
records to each Borrower upon its request and at its expense. Upon request by any Borrower, a
Lender shall cancel all forms of B/A that have been pre-signed or pre-endorsed on behalf of such
Borrower and that are held by such Lender and are not required to be issued pursuant to this
Agreement.

 

46

          (e) Drafts of each Borrower to be accepted as B/As hereunder shall be signed as set forth in
paragraph (d) above. Notwithstanding that any Person whose signature appears on any B/A may no
longer be an authorized signatory for any of the Lenders or such Borrower at the date of issuance
of such B/A, such signature shall nevertheless be valid and sufficient for all purposes as if such
authority had remained in force at the time of such issuance and any such B/A so signed shall be
binding on such Borrower.

          (f) Upon acceptance of a B/A by a Lender, such Lender shall purchase, or arrange the purchase
of, such B/A from the applicable Borrower at the Discount Rate for such Lender applicable to such
B/A accepted by it and provide to the Canadian Agent the Discount Proceeds for the account of such
Borrower as provided in Section 2.09. The acceptance fee payable by the Applicable Borrower to a
Lender under Section 2.14 in respect of each B/A accepted by such Lender shall be set off against
the Discount Proceeds payable by such Lender under this paragraph. Notwithstanding the foregoing,
in the case of any B/A Drawing resulting from the conversion or continuation of a B/A Drawing or
Canadian Tranche Revolving Loan pursuant to Section 2.10, the net amount that would otherwise be
payable to such Borrower by each Lender pursuant to this paragraph will be applied as provided in
Section 2.10(f).

          (g) Each Lender may at any time and from time to time hold, sell, rediscount or otherwise
dispose of any or all B/A’s accepted and purchased by it.

          (h) Each B/A accepted and purchased hereunder shall mature at the end of the Contract Period
applicable thereto.

          (i) Each Borrower waives presentment for payment and any other defense to payment of any
amounts due to a Lender in respect of a B/A accepted and purchased by it pursuant to this Agreement
which might exist solely by reason of such B/A being held, at the maturity thereof, by such Lender
in its own right and each Borrower agrees not to claim any days of grace if such Lender as holder
sues each Borrower on the B/A for payment of the amounts payable by such Borrower thereunder. On
the specified maturity date of a B/A, or such earlier date as may be required pursuant to the
provisions of this Agreement, each Borrower shall pay the Lender that has accepted and purchased
such B/A the full face amount of such B/A, and after such payment such Borrower shall have no
further liability in respect of such B/A and such Lender shall be entitled to all benefits of, and
be responsible for all payments due to third parties under, such B/A.

          (j) At the option of each Borrower and any Lender, B/As under this Agreement to be accepted
by that Lender may be issued in the form of depository bills for deposit with The Canadian
Depository for Securities Limited pursuant to the Depository Bills and Notes Act (Canada). All
depository bills so issued shall be governed by the provisions of this Section 2.24.

          (k) If a Canadian Tranche Lender is not a chartered bank under the Bank Act (Canada) or if a
Canadian Tranche Lender notifies the Canadian Agent in writing that it is otherwise unable to
accept B/As, such Canadian Tranche Lender will, instead of

 

47

accepting and purchasing B/As, make a Loan (a “B/A Equivalent Loan”) to the Canadian
Borrower in the amount and for the same term as the draft which such Canadian Tranche Lender would
otherwise have been required to accept and purchase hereunder. Each such Canadian Tranche Lender
will provide to the Canadian Agent the Discount Proceeds of such B/A Equivalent Loan for the
account of the Canadian Borrower in the same manner as such Canadian Tranche Lender would have
provided the Discount Proceeds in respect of the draft which such Canadian Tranche Lender would
otherwise have been required to accept and purchase hereunder. Each such B/A Equivalent Loan will
bear interest at the same rate which would result if such Canadian Tranche Lender had accepted (and
been paid an acceptance fee) and purchased (on a discounted basis) a B/A for the relevant Contract
Period (it being the intention of the parties that each such B/A Equivalent Loan shall have the
same economic consequences for the Lenders and the Borrower as the B/A which such B/A Equivalent
Loan replaces). All such interest shall be paid in advance on the date such B/A Equivalent Loan is
made, and will be deducted from the principal amount of such B/A Equivalent Loan in the same manner
in which the Discount Proceeds of a B/A would be deducted from the face amount of the B/A. Subject
to the repayment requirements of this Agreement, on the last day of the relevant Contract Period
for such B/A Equivalent Loan, the Borrower shall be entitled to convert each such B/A Equivalent
Loan into another type of Loan, or to roll over each such B/A Equivalent Loan into another B/A
Equivalent Loan, all in accordance with the applicable provisions of this Agreement.

          SECTION 2.08. Australian Reliquification Bills. Each Australian Borrowing Subsidiary (the
“Applicable Subsidiary”) agrees, with respect to Loans denominated in Australian Dollars made to
it:

     (a) To draw Bills when and in the form required by the Australian Agent on behalf of
an Australian Tranche Lender. However, (i) the discounted value of those Bills, when added
to the total of the discounted value of all other Bills drawn as required by the Australian
Agent on behalf of the Australian Tranche Lender under this clause and which are
outstanding, may not exceed the Australian Tranche Lender’s Loans to which the Bills relate
and (ii) no Bill is to be drawn which would mature after the Maturity Date.

     (b) The Applicable Subsidiary irrevocably appoints each Australian Tranche Lender and
each authorized officer of each Australian Tranche Lender individually as its attorney to
draw, accept or endorse the Bills and agrees to ratify all action taken by an attorney
under this Section 2.08.

     (c) The Applicable Subsidiary’s obligation to draw Bills ceases, and the appointment
of an Australian Tranche Lender and its authorized officers as attorney for this purpose is
revoked, on payment by the Applicable Subsidiary to the Australian Agent of all amounts
owing to that Australian Tranche Lender under this Agreement.

     (d) Each Australian Tranche Lender unconditionally and irrevocably indemnifies the
Applicable Subsidiary against liability or loss arising from, and

 

48

any costs, charges and expenses (including stamp duty) incurred in connection with,
any Bill drawn at such Australian Tranche Lender’s request under this Section 2.08.

          SECTION 2.09. Funding of Borrowings and B/A Drawings. (a) Each Lender shall make each Loan
to be made by it and disburse the Discount Proceeds (net of applicable acceptance fees) of each B/A
to be accepted and purchased by it hereunder on the proposed date thereof by wire transfer of
immediately available funds in the applicable currency by 1:00 p.m., Local Time, to the account of
the Applicable Agent most recently designated by it for such purpose by notice to the applicable
Lenders; provided that Swingline Loans shall be made as provided in Section 2.05. The Applicable
Agent will make such Loans or Discount Proceeds (net of applicable acceptance fees) available to
the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account
of such Borrower maintained with the Applicable Agent (i) in New York City, in the case of Loans
denominated in US Dollars, (ii) in London, in the case of Loans denominated in Sterling, Euro or
any Designated Foreign Currency other than Canadian Dollars and Australian Dollars, (iii) in
Toronto, in the case of Loans denominated in Canadian Dollars or B/As, and (iv) in Sydney, in the
case of Loans denominated in Australian Dollars, and designated by such Borrower in the applicable
Borrowing Request or Competitive Bid Request.

          (b) Unless the Applicable Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing or acceptance and purchase of B/As that such Lender will not make
available to the Applicable Agent such Lender’s share of such Borrowing or the applicable Discount
Proceeds (net of applicable acceptance fees), the Applicable Agent may assume that such Lender has
made such share available on such date in accordance with paragraph (a) of this Section and may, in
reliance upon such assumption, make available to the applicable Borrower a corresponding amount.
In such event, if a Lender has not in fact made its share of the applicable Borrowing or the
applicable Discount Proceeds (net of applicable acceptance fees) available to the Applicable Agent,
then the applicable Lender and the Borrowers severally agree to pay to the Applicable Agent
forthwith on demand such corresponding amount with interest thereon, for each day from and
including the date such amount is made available to the applicable Borrower to but excluding the
date of payment to the Applicable Agent, at (i) in the case of such Lender, the greater of (x)(A)
the Federal Funds Effective Rate, in the case of Loans denominated in US Dollars and (B) the rate
reasonably determined by the Applicable Agent to be the cost to it of funding such amount, in the
case of Loans denominated in a Designated Foreign Currency, and (y) a rate determined by the
Applicable Agent in accordance with banking industry rules on interbank compensation or (ii) in the
case of a Borrower, the interest rate applicable to such Borrowing or the applicable Discount Rate,
as the case may be. If such Lender pays such amount to the Applicable Agent, then such amount
shall constitute such Lender’s Loan included in such Borrowing or such Lender’s purchase of B/As.

          SECTION 2.10. Interest Elections. (a) Each Revolving Borrowing initially shall be of the
Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Revolving
Borrowing or a Bill Rate Borrowing, shall have an

 

49

initial Interest Period as specified in such Borrowing Request. Each B/A Drawing shall have a
Contract Period as specified in the applicable request therefor. Thereafter, the applicable
Borrower may elect to convert such Borrowing or B/A Drawing to a different Type or to continue such
Borrowing or B/A Drawing and, in the case of a Eurocurrency Revolving Borrowing or a Bill Rate
Borrowing, may elect Interest Periods therefor, all as provided in this Section, it being
understood that no B/A Drawing may be converted or continued other than at the end of the Contract
Period applicable thereto. The applicable Borrower may elect different options with respect to
different portions of the affected Borrowing or B/A Drawing, in which case each such portion shall
be allocated ratably among the Lenders holding the Loans comprising such Borrowing or accepting the
B/As comprising such B/A Drawing, as the case may be, and any Loans or B/As resulting from an
election made with respect to any such portion shall be considered a separate Borrowing or B/A
Drawing. Notwithstanding any other provision of this Section, no Borrowing or B/A Drawing may be
converted into or continued as a Borrowing or B/A Drawing with an Interest Period ending after the
Maturity Date. This Section shall not apply to Swingline Loans or Competitive Borrowings, which may
not be converted or continued.

          (b) To make an election pursuant to this Section, a Borrower (or the Company on its behalf)
shall notify the Applicable Agent of such election by telephone or by telecopy (i) in the case of
an election that would result in a Borrowing, by the time and date that a Borrowing Request would
be required under Section 2.03 if such Borrower were requesting a Revolving Borrowing of the Type
resulting from such election to be made on the effective date of such election, and (ii) in the
case of an election that would result in a B/A Drawing or the continuation of a B/A Drawing, by the
time and date that a request would be required under Section 2.07 if such Borrower were requesting
an acceptance and purchase of B/As to be made on the effective date of such election. Each such
Interest Election Request shall be irrevocable and, if telephonic, shall be confirmed promptly by
hand delivery or telecopy to the Applicable Agent of a written Interest Election Request in a form
approved by the Applicable Agent and signed by the applicable Borrower (or the Company on its
behalf). Notwithstanding any other provision of this Section, no Borrower shall be permitted to (i)
change the currency of any Borrowing, (ii) elect an Interest Period for Eurocurrency Loans or Bill
Rate Loans that does not comply with Section 2.02(d) or (iii) convert any Borrowing or B/A Drawing
to a Borrowing or B/A Drawing not available under the Class of Commitments pursuant to which such
Borrowing or B/A Drawing was made.

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

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

 

50

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

     (iii) whether the resulting Borrowing is to be an ABR Borrowing, a Eurocurrency
Borrowing, a Canadian Base Rate Borrowing, a B/A Drawing or a Bill Rate Borrowing; and

     (iv) if the resulting Borrowing is a Eurocurrency Borrowing or a Bill Rate Borrowing,
the Interest Period to be applicable thereto after giving effect to such election, which
shall be a period contemplated by the definition of the term “Interest Period”, and in the
case of an election of a B/A Drawing, the Contract Period to be applicable thereto, which
shall be a period contemplated by the definition of the term “Contract Period”.

If any such Interest Election Request requests a Eurocurrency Borrowing, a B/A Drawing or a Bill
Rate Borrowing but does not specify an Interest Period or a Contract Period, then the applicable
Borrower shall be deemed to have selected an Interest Period or Contract Period of one month’s or
30 days’ duration, as applicable.

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

          (e) If a Borrower fails to deliver a timely Interest Election Request with respect to a
Eurocurrency Revolving Borrowing, Bill Rate Borrowing or B/A Drawing prior to the end of the
Interest Period or Contract Period applicable thereto, then, unless such Borrowing or B/A Drawing
is repaid as provided herein, at the end of such Interest Period or Contract Period, such
Borrowing, Bill Rate Borrowing or B/A Drawing shall (i) in the case of a Borrowing denominated in
US Dollars, be converted to an ABR Borrowing, (ii) in the case of a Borrowing or B/A Drawing
denominated in Canadian Dollars, be converted to a Canadian Base Rate Borrowing, and (iii) in the
case of any other Eurocurrency Borrowing or any Bill Rate Borrowing, become due and payable on the
last day of such Interest Period. Notwithstanding any contrary provision hereof, if an Event of
Default has occurred and is continuing and the Administrative Agent, at the request of the Required
Lenders, so notifies the Company, then, so long as an Event of Default is continuing (i) no
outstanding Revolving Borrowing denominated in US Dollars may be converted to or continued as a
Eurocurrency Borrowing and (ii) unless repaid, each Eurocurrency Revolving Borrowing denominated in
US Dollars shall be converted to an ABR Borrowing at the end of the Interest Period applicable
thereto.

          (f) Upon the conversion of any Canadian Tranche Borrowing (or portion thereof), or the
continuation of any B/A Drawing (or portion thereof), to or as a B/A Drawing, the net amount that
would otherwise be payable to a Borrower by each Lender pursuant to Section 2.07(f) in respect of
such new B/A Drawing shall be applied against the principal of the Canadian Tranche Revolving Loan
made by such Lender as part of such Canadian Tranche Borrowing (in the case of a conversion), or
the reimbursement obligation owed to such Lender under Section 2.07(i) in respect of the B/As
accepted by

 

51

such Lender as part of such maturing B/A Drawing (in the case of a continuation), and such
Borrower shall pay to such Lender an amount equal to the difference between the principal amount of
such Canadian Tranche Revolving Loan or the aggregate face amount of such maturing B/As, as the
case may be, and such net amount; provided that ABR Revolving Loans made to finance the
reimbursement of an LC Disbursement as provided in Section 2.06(e) shall be remitted by the
Applicable Agent to the applicable Issuing Bank or the applicable Lender as their interests may
appear.

          SECTION 2.11. Termination and Reduction of Commitments; Increase and Adjustment of Tranche
Commitments; Extension of Maturity Date and Commitments. (a) Unless previously terminated, the
Commitments shall terminate on the Maturity Date.

          (b) The Company may at any time terminate, or from time to time reduce, the Commitments under
any Tranche; provided that (i) each reduction of the Commitments under any Tranche shall be in an
amount that is an integral multiple of US$1,000,000 and not less than US$5,000,000 and (ii) the
Company shall not terminate or reduce the Commitments if, after giving effect to any concurrent
prepayment of the Loans in accordance with Section 2.13, the sum of the total Revolving Credit
Exposures plus the total Competitive Loan Exposures would exceed the total Commitments or the sum
of the Revolving Credit Exposures under any Tranche would exceed the sum of the Commitments under
such Tranche.

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

          (d) (i) The Company may, by written notice to the Administrative Agent, request (x) that the
total Commitments under any Tranche be increased (a “Commitment Increase”) by an amount for each
increased Tranche of not less than US$5,000,000, and (y) at the election of the Company, that
simultaneous decreases (a “Commitment Decrease”) be made to the Commitments under other Tranches;
provided that at no time shall the aggregate amount of Commitment Increases effected pursuant to
this paragraph exceed the aggregate amount of Commitment Decreases effected pursuant to this
paragraph by more than $500,000,000. Such notice shall set forth the amount of the requested
Commitment Increase (and Commitment Decrease, as applicable) in each Tranche, and the date on which
such adjustment is requested to become effective (which

 

52

shall be not less than 10 Business Days or more than 30 days after the date of such notice),
and shall offer each Lender holding a Commitment under any increasing Tranche the opportunity to
increase its Commitment in such Tranche by its Tranche Percentage of the proposed increased amount.
Each such Lender shall, by notice to the Company and the Administrative Agent given not more than
5 Business Days after the date of the Company’s notice, either agree to increase its applicable
Commitment by all or a portion of the offered amount (each Lender so agreeing being an “Increasing
Lender” with respect to such Tranche) or decline to increase its applicable Commitment (and any
Lender that does not deliver such a notice within such period of 5 Business Days shall be deemed to
have declined to increase its Commitment) (each Lender so declining or deemed to have declined
being a “Non-Increasing Lender” with respect to such Tranche). In the event that on the 5th
Business Day after the Company shall have delivered a notice pursuant to the first sentence of this
paragraph the Lenders shall have agreed pursuant to the preceding sentence to increase their
Commitments under any Tranche by an aggregate amount less than the increase in the total
Commitments requested by the Company, the Company may arrange for one or more banks or other
financial institutions (any such bank or other financial institution being called an “Augmenting
Lender” with respect to such Tranche), which may include any Lender, to extend Commitments in an
aggregate amount equal to the unsubscribed amount; provided that each Augmenting Lender, if not
already a Lender hereunder, shall be subject to the approval of the Administrative Agent and each
Issuing Bank (which approval shall not be unreasonably withheld) and the Borrowers and each
Augmenting Lender shall execute all such documentation as the Administrative Agent shall reasonably
specify to evidence the Commitment of such Augmenting Lender and/or its status as a Lender
hereunder. Any Commitment Increase under any Tranche may be made in an amount less than the
Commitment Increase requested by the Company if the Company is unable to arrange for, or chooses
not to arrange for, Augmenting Lenders. Not less than three Business Days prior to the effective
date (the “Increase Effective Date”) of any Commitment Increase under any Tranche pursuant to this
Section 2.11(d), the Company shall by written notice to the Administrative Agent confirm the
Commitment Decreases, if any, to be made to the Commitments under the other Tranches specified in
the original notice given in respect of the proposed adjustments or shall specify the Commitment
Decreases, if any, to be made in lieu thereof.

          (ii) On the Increase Effective Date, (A) the aggregate principal amount of the Revolving Loans
outstanding under each Tranche under which a Commitment Increase will become effective (the
“Initial Loans” under such Tranche) immediately prior to giving effect to the applicable Commitment
Increase on the Increase Effective Date shall be deemed to be repaid, (B) after the effectiveness
of the Commitment Increase, the Borrowers holding Commitments under such Tranche shall be deemed to
have made new Borrowings (the “Subsequent Borrowings”) in an aggregate principal amount equal to
the aggregate principal amount of the Initial Loans under such Tranche and of the types and for the
Interest Periods specified in a Borrowing Request delivered to the Administrative Agent in
accordance with Section 2.03, (C) each Lender under such Tranche shall pay to the Applicable Agent
in same day funds an amount equal to the difference, if positive, between (x) such Lender’s Tranche
Percentage (calculated after giving effect to the Commitment Increase) of the Subsequent Borrowings
and (y) such

 

53

Lender’s Tranche Percentage (calculated without giving effect to the Commitment Increase) of
the Initial Loans, (D) after the Applicable Agent receives the funds specified in clause (C) above,
the Applicable Agent shall pay to each Lender under such Tranche the portion of such funds that is
equal to the difference, if positive, between (1) such Lender’s Tranche Percentage (calculated
without giving effect to the Commitment Increase) of the Initial Loans and (2) such Lender’s
Tranche Percentage (calculated after giving effect to the Commitment Increase) of the amount of the
Subsequent Borrowings, (E) each Non-Increasing Lender, each Increasing Lender and each Augmenting
Lender shall be deemed to hold its Tranche Percentage of each Subsequent Borrowing (each calculated
after giving effect to the Commitment Increase) and (F) each applicable Borrower shall pay each
Increasing Lender and each Non-Increasing Lender any and all accrued but unpaid interest on the
Initial Loans. The deemed payments made pursuant to clause (A) above in respect of each
Eurocurrency Loan or Bill Rate Loan shall be subject to indemnification by the Borrowers pursuant
to the provisions of Section 2.18 if the Increase Effective Date occurs other than on the last day
of the Interest Period relating thereto and breakage costs result.

          (iii) On the Increase Effective Date, each Commitment Decrease specified in the notice by the
Company pursuant to paragraph (a) above (as adjusted pursuant to the last sentence of such
paragraph) shall be made ratably among the Lenders holding Commitments under the decreasing Tranche
in accordance with their respective Commitments under such Tranche.

          (iv) Commitment Increases, Commitment Decreases and new Commitments created pursuant to this
Section 2.11(d) shall become effective on the date specified in the original notice delivered by
the Company pursuant to the first sentence of paragraph (d)(i) above.

          (v) Notwithstanding the foregoing, no increase in the Commitments under any Tranche (or in any
Commitment of any Lender) or addition of an Augmenting Lender shall become effective under this
Section unless, (A) the Company shall not have withdrawn its request under paragraph (d)(i) above
by written notice to the Administrative Agent not less than three Business Days prior to the
Increase Effective Date, (B) on the date of such increase, the conditions set forth in paragraphs
(a) and (b) of Section 4.02 shall be satisfied and the Administrative Agent shall have received a
certificate to that effect dated such date and executed by a financial officer of the Company, and
(C) the Administrative Agent shall have received (with sufficient copies for each of the Lenders)
documents consistent with those delivered pursuant to Section 4.03(b) in connection with the
designation of a new Borrowing Subsidiary as to the corporate power and authority of the applicable
Borrowers to borrow hereunder after giving effect to such increase.

          (e) The Company may, by written notice to the Administrative Agent (which shall promptly
deliver a copy to each of the Lenders) not less than 45 days and not more than 90 days prior to any
anniversary of the date hereof, but on not more than two occasions during the term of this
Agreement, request that the Lenders extend the Maturity Date and the Commitments for an additional
period of one year. Each Lender

 

54

shall, by notice to the Company and the Administrative Agent given not later than the 20th day
after the date of the Administrative Agent’s receipt of the Company’s extension request, advise the
Company whether or not it agrees to the requested extension (each Lender agreeing to a requested
extension being called a “Consenting Lender” and each Lender declining to agree to a
requested extension being called a “Declining Lender”). Any Lender that has not so advised
the Administrative Agent by such day shall be deemed to have declined to agree to such extension
and shall be a Declining Lender. If Lenders constituting the Required Lenders shall have agreed to
an extension request, then the Maturity Date shall, as to the Consenting Lenders, be extended to
the first anniversary of the Maturity Date theretofore in effect. The decision to agree or
withhold agreement to any Maturity Date extension shall be at the sole discretion of each Lender.
The Company shall have the right to replace any Declining Lender as provided in Section 2.21(b).
Each Commitment of any Declining Lender not so replaced shall terminate on the Maturity Date in
effect as to such Lender prior to giving effect to any such extension (such Maturity Date being
called the “Existing Maturity Date”). The principal amount of any outstanding Loans made
by such Declining Lenders, together with any accrued interest thereon and any accrued fees and
other amounts payable to or for the accounts of such Declining Lenders hereunder, shall be due and
payable on the Existing Maturity Date, and on the Existing Maturity Date the Borrowers shall also
make such other prepayments of Loans as shall be required in order that, after giving effect to the
termination of the Commitments of, and all payments to, Declining Lenders pursuant to this
sentence, (A) the sum of the aggregate Revolving Credit Exposures and the aggregate Competitive
Loans will not exceed the total Commitments, (B) the aggregate US Tranche Revolving Credit
Exposures will not exceed the total US Tranche Commitments, (C) the aggregate European Tranche
Revolving Credit Exposures will not exceed the total European Tranche Commitments, (D) the
aggregate Canadian Tranche Revolving Credit Exposures will not exceed the total Canadian Tranche
Commitments and (E) the aggregate Australian Tranche Revolving Credit Exposures will not exceed the
total Australian Tranche Commitments. Notwithstanding the foregoing, no extension of the Maturity
Date pursuant to this paragraph (e) shall become effective unless (i) on the anniversary of the
date hereof that immediately follows the date on which the Company delivers the applicable request
for extension of the Maturity Date, the conditions set forth in paragraphs (a) and (b) of Section
4.02 shall be satisfied (without giving effect to the paranthetical in such paragraph (a) and with
all references in such paragraphs to the making of Loans being deemed to be references to such
extension) and (ii) the Administrative Agent shall have received a certificate to that effect dated
such date and executed by a Financial Officer of the Company.

          SECTION 2.12. Repayment of Loans and B/As; Evidence of Debt. (a) Each Borrower hereby
unconditionally promises to pay (i) to the Applicable Agent for the account of each Lender the
unpaid principal amount of each Revolving Loan on the Maturity Date and the face amount of each
B/A, if any, accepted by such Lender as provided in Section 2.07, (ii) to the Applicable Agent for
the account of each Lender the unpaid principal amount of each Competitive Loan on the last day of
the Interest Period applicable to such Loan and (iii) to the Swingline Lender the then unpaid
principal amount of each Swingline Loan on the earlier of the Maturity Date and the fifth Business
Day after the date on which such Swingline Loan is made; provided that on each date that

 

55

a Revolving Borrowing denominated in Euros is made to a Borrower that shall have borrowed
Swingline Loans, such Borrower shall repay all its outstanding Swingline Loans.

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

          (c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount
of each Loan made hereunder, the Class and Type thereof and the Interest Period, if any, applicable
thereto, and the amount of each B/A and the Contract Period applicable thereto, (ii) the amount of
any principal, interest or other amount in respect of any B/A due and payable or to become due and
payable from each Borrower to each Lender hereunder and (iii) the amount of any sum received by the
Agents hereunder for the account of the Lenders and each Lender’s share thereof. Each other Agent
shall promptly provide the Administrative Agent with all information needed to maintain such
accounts in respect of the Loans or B/A Drawings administered by such Agent.

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

          (e) Any Lender may request that Loans of any Class made by it be evidenced by a promissory
note. In such event, each Borrower shall execute and deliver to such Lender a promissory note
payable to the order of such Lender (or, if requested by such Lender, to such Lender and its
registered assigns) and in substantially the form attached hereto as Exhibit F. Thereafter, the
Loans evidenced by such promissory note and interest thereon shall at all times (including after
assignment pursuant to Section 10.04) be represented by one or more promissory notes in such form
payable to the order of the payee named therein (or, if such promissory note is a registered note,
to such payee and its registered assigns).

          SECTION 2.13. Prepayment of Loans. (a) The Borrowers shall have the right at any time and
from time to time to prepay any Borrowing and amounts owed in respect of outstanding B/As in whole
or in part, subject to prior notice in accordance with paragraph (d) of this Section and payment of
any amounts required under Section 2.18; provided that the Borrowers shall not have the right to
prepay any Competitive Loan without the prior consent of the Lender thereof.

          (b) In the event and on each occasion that (i) the sum of the total Revolving Credit
Exposures plus the total Competitive Loan Exposures exceeds the total Commitments, or (ii) the sum
of the Revolving Credit Exposures under any Tranche exceeds the sum of the Commitments under such
Tranche, then (A) in the case of the

 

56

foregoing clause (i), on the last day of any Interest Period for any Eurocurrency Borrowing
and the last day of any Contract Period for any B/A Drawing, and on each other date on which any
ABR Revolving Borrowing, Canadian Base Rate Borrowing or Swingline Loan shall be outstanding, and
(B) in the case of the foregoing clause (ii), on the last day of any Interest Period for any
Eurocurrency Borrowing under such Tranche and the last day of any Contract Period for any B/A
Drawing under such Tranche, and on each other date on which any ABR Revolving Borrowing, Canadian
Base Rate Borrowing or Swingline Loan under such Tranche shall be outstanding, the applicable
Borrowers shall prepay the applicable Loans or pay the applicable B/As in an aggregate amount equal
to the lesser of (x) the amount necessary to eliminate such excess (after giving effect to any
other prepayment of Loans or payment of B/As on such day) and (y) the amount of the applicable
Revolving Borrowings, B/A Drawings or Swingline Loans referred to in clause (A) or (B), as
applicable. If at any time (i) the sum of the total Revolving Credit Exposures plus the total
Competitive Loan Exposures exceeds 105% of the total Commitments, or (ii) the sum of the Revolving
Credit Exposures under any Tranche exceeds 105% of the sum of the Commitments under such Tranche,
then the applicable Borrowers shall, not later than the next Business Day, prepay one or more
Borrowings under such Tranche in an aggregate principal amount sufficient to eliminate such excess.

          (c) Prior to any optional or mandatory prepayment of Borrowings or amounts owing in respect
of outstanding B/A Drawings, the applicable Borrower shall select the Borrowing or Borrowings and
the B/A Drawing or B/A Drawings to be prepaid and shall specify such selection in the notice of
such prepayment pursuant to paragraph (d) below.

          (d) The Company shall notify the Applicable Agent (and, in the case of prepayment of a
Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy) or by telecopy of any
prepayment hereunder (i) in the case of prepayment of a Eurocurrency Revolving Borrowing or a Bill
Rate Borrowing, not later than 11:00 a.m., Local time, three Business Days before the date of
prepayment, or (ii) in the case of prepayment of an ABR Revolving Borrowing, a Canadian Base Rate
Borrowing or a B/A Drawing, not later than 11:00 a.m., Local time, on the Business Day of
prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the
principal amount of each Borrowing or portion thereof, or amount owed in respect of an outstanding
B/A Drawing or portion thereof, to be prepaid; provided that, if a notice of prepayment is given in
connection with a conditional notice of termination of the Commitments as contemplated by Section
2.11, then such notice of prepayment may be revoked if such notice of termination is revoked in
accordance with Section 2.11. Promptly following receipt of any such notice relating to a
Revolving Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof.
Each partial prepayment of any Revolving Borrowing or amounts owing in respect of a B/A Drawing
shall be in an amount that would be permitted in the case of an advance of a Revolving Borrowing of
the same Type as provided in Section 2.02 or an acceptance and purchase of B/As as provided in
Section 2.07. Each prepayment of a Revolving Borrowing or B/A Drawing shall be applied ratably to
the Loans included in the prepaid Borrowing or the

 

57

B/As included in such B/A Drawing. Prepayments shall be accompanied by accrued interest to
the extent required by Section 2.15.

          (e) Amounts to be applied pursuant to this Section or Article VII to prepay or repay amounts
to become due with respect to outstanding B/As shall be deposited in the Prepayment Account (as
defined below). The Canadian Agent shall apply any cash deposited in the Prepayment Account
allocable to amounts to become due in respect of B/As on the last day of their respective Contract
Periods until all amounts due in respect of outstanding B/As have been prepaid or until all the
allocable cash on deposit has been exhausted. For purposes of this Agreement, the term “Prepayment
Account” shall mean an account established by a Borrower with the Canadian Agent and over which the
Canadian Agent shall have exclusive dominion and control, including the exclusive right of
withdrawal for application in accordance with this paragraph (e). The Canadian Agent will, at the
request of such Borrower, invest amounts on deposit in the Prepayment Account in short-term, cash
equivalent investments selected by the Canadian Agent in consultation with such Borrower that
mature prior to the last day of the applicable Contract Periods of the B/As to be prepaid;
provided, however, that the Canadian Agent shall have no obligation to invest amounts on deposit in
the Prepayment Account if an Event of Default shall have occurred and be continuing. Such Borrower
shall indemnify the Canadian Administrative Agent for any losses relating to the investments so
that the amount available to prepay amounts due in respect of B/As on the last day of the
applicable Contract Period is not less than the amount that would have been available had no
investments been made pursuant thereto. Other than any interest earned on such investments (which
shall be for the account of such Borrower, to the extent not necessary for the prepayment of B/As
in accordance with this Section), the Prepayment Account shall not bear interest. Interest or
profits, if any, on such investments shall be deposited in the Prepayment Account and reinvested
and disbursed as specified above. If the maturity of the Loans and all amounts due hereunder has
been accelerated pursuant to Article VII, the Canadian Agent may, in its sole discretion, apply all
amounts on deposit in the Prepayment Account to satisfy any of the Obligations in respect of
Canadian Tranche Revolving Loans and B/As (and each Borrower hereby grants to the Canadian Agent a
security interest in its Prepayment Account to secure such Obligations).

          SECTION 2.14. Fees. (a) The Borrowers agree to pay to the Administrative Agent, in US
Dollars, for the account of the office (or Affiliate) of each Lender from which such Lender would
make Loans to the Company in US Dollars hereunder (which office or Affiliate shall be specified by
each Lender in each Tranche in a notice delivered to the Administrative Agent prior to the initial
payment to such Lender under this paragraph) a facility fee, which shall accrue at the relevant
Facility Fee Rate specified in the definition of Applicable Rate on the daily amount of the
Commitments of such Lender (whether used or unused) during the period from and including the date
of this Agreement to but excluding the Maturity Date; provided that, if such Lender continues to
have any Revolving Credit Exposure after the Maturity Date, then such facility fee shall continue
to accrue on the daily amount of such Lender’s Revolving Credit Exposure from and including the
Maturity Date to but excluding the date on which such Lender ceases to have any Revolving Credit
Exposure. Accrued facility fees shall

 

58

be payable in arrears on the last day of March, June, September and December of each year, on
any date prior to the Maturity Date on which all the Commitments shall have terminated and on the
Maturity Date, commencing on the first such date to occur after the date hereof; provided that any
facility fees accruing after the Maturity Date shall be payable on demand. All facility fees shall
be computed on the basis of a year of 360 days and shall be payable for the actual number of days
elapsed (including the first day but excluding the last day).

          (b) Each Canadian Borrowing Subsidiary agrees to pay to the Canadian Agent, for the account
of each Canadian Tranche Lender, on each date on which B/As drawn by such Canadian Borrowing
Subsidiary are accepted hereunder, in Canadian Dollars, an acceptance fee computed by multiplying
(i) the Applicable Rate for B/A Drawings on such date by (ii) a fraction, the numerator of which is
the number of days in the Contract Period applicable to such B/A and the denominator of which is
365.

          (c) The Company and each Borrowing Subsidiary agrees to pay (i) to the Administrative Agent
for the account of each US Tranche Lender a participation fee with respect to its participations in
Letters of Credit, which shall accrue at the same Applicable Rate used from time to time to
determine the interest rate applicable to Eurocurrency Revolving Loans (when Usage exceeds 50%) on
the average daily amount of such US Tranche Lender’s LC Exposure (excluding any portion thereof
attributable to unreimbursed LC Disbursements) during the period from and including the date hereof
to but excluding the later of the date on which such US Tranche Lender’s US Tranche Commitment
terminates and the date on which such US Tranche Lender ceases to have any LC Exposure, and (ii) to
each Issuing Bank a fronting fee, which shall accrue at the rate or rates per annum separately
agreed upon between the Borrowers and the applicable Issuing Bank on the average daily amount of
the LC Exposure attributable to Letters of Credit issued by such Issuing Bank (excluding any
portion thereof attributable to unreimbursed LC Disbursements) during the period from and including
the Effective Date to but excluding the later of the date of termination of the Commitments and the
date on which there ceases to be any LC Exposure attributable to Letters of Credit issued by such
Issuing Bank, as well as such Issuing Bank’s standard fees with respect to the issuance, amendment,
renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation
fees and fronting fees accrued through and including the last day of March, June, September and
December of each year shall be payable on the third Business Day following such last day,
commencing on the first such date to occur after the date hereof; provided that all such fees shall
be payable on the later of the date on which the Commitments terminate and the date on which there
shall cease to be any LC Exposure. All participation fees and fronting fees shall be computed on
the basis of a year of 360 days and shall be payable for the actual number of days elapsed
(including the first day but excluding the last day).

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

 

59

          (e) All fees payable hereunder shall be paid on the dates due, in immediately available
funds, to the Administrative Agent (or to each Issuing Bank, in the case of fees payable to it) for
its own account or, in the case of facility fees, for distribution to the Lenders. Fees paid shall
not be refundable under any circumstances.

          SECTION 2.15. Interest. (a) The Loans comprising each ABR Borrowing shall bear interest at
the Alternate Base Rate and the Loans comprising each Canadian Base Rate Borrowing shall bear
interest at the Canadian Base Rate.

          (b) The Loans comprising each Eurocurrency Borrowing shall bear interest (i) in the case of a
Eurocurrency Revolving Borrowing, at the Adjusted LIBO Rate for the Interest Period in effect for
such Borrowing plus the Applicable Rate, (ii) in the case of a Bill Rate Borrowing, at the
Australian Bank Bill Rate for the Interest Period in effect for such Borrowing plus the Applicable
Rate or (iii) in the case of a Eurocurrency Competitive Borrowing, at the LIBO Rate for the
Interest Period in effect for such Borrowing plus (or minus, as applicable) the Margin applicable
to such Borrowing.

          (c) Each Swingline Loan shall bear interest at the Swingline Overnight Rate.

          (d) Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan.

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

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

          (g) All interest hereunder shall be computed on the basis of a year of 360 days, except that
(i) interest on Borrowings denominated in Sterling or Australian

 

60

Dollars and (ii) interest computed by reference to the Canadian Base Rate or to the Alternate
Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the
basis of a year of 365 days (or, except in the case of Borrowings denominated in Sterling, 366 days
in a leap year), and in each case shall be payable for the actual number of days elapsed (including
the first day but excluding the last day). The applicable Alternate Base Rate, Canadian Base Rate,
Adjusted LIBO Rate, LIBO Rate or Australian Bank Bill Rate shall be determined by the Applicable
Agent, and such determination shall be conclusive absent manifest error.

          SECTION 2.16. Alternate Rate of Interest. If prior to the commencement of any Interest
Period for a Eurocurrency Borrowing denominated in any currency:

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

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

then the Applicable Agent shall give notice thereof to the Company and the Lenders by telephone or
telecopy as promptly as practicable thereafter and, until the Applicable Agent notifies the Company
and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest
Election Request that requests the conversion of any Revolving Borrowing to, or continuation of any
Revolving Borrowing as, a Eurocurrency Borrowing in such currency shall be ineffective, and such
Borrowing shall be converted to or continued on the last day of the Interest Period applicable
thereto (A) if such Borrowing is denominated in US Dollars, as an ABR Borrowing, or (B) if such
Borrowing is denominated in any other currency, as a Borrowing bearing interest at such rate as the
Lenders and the Company may agree adequately reflects the costs to the Lenders of making or
maintaining their Loans (or, in the absence of such agreement, shall be repaid as of the last day
of the current Interest Period applicable thereto), (ii) if any Borrowing Request requests a
Eurocurrency Revolving Borrowing in such currency, such Borrowing shall be made as an ABR Borrowing
(or such Borrowing shall not be made if the applicable Borrower revokes (and in such circumstances,
such Borrowing Request may be revoked notwithstanding any other provision of this Agreement) such
Borrowing Request by telephonic notice, confirmed promptly in writing, not later than one Business
Day prior to the proposed date of such Borrowing) and (iii) any request by a Borrower for a
Eurocurrency Competitive Borrowing denominated in such currency shall be ineffective; provided that
(A) if the circumstances giving rise to such notice do not affect all the Lenders, then requests by
a Borrower for Eurocurrency Competitive Borrowings may be made to Lenders that are not affected
thereby and (B) if the circumstances giving

 

61

rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings shall be
permitted.

          SECTION 2.17. Increased Costs. (a) If any Change in Law shall:

     (i) impose, modify or deem applicable any reserve, special deposit or similar
requirement against assets of, deposits with or for the account of, or credit extended by,
any Lender (except to the extent any such reserve requirement is reflected in the Adjusted
LIBO Rate) or any Issuing Bank; or

     (ii) impose on any Lender or any Issuing Bank or the London, Canadian or Australian
interbank markets any other condition affecting this Agreement or Eurocurrency Loans, Fixed
Rate Loans, B/A Drawings or Bill Rate Loans made by such Lender or any Letter of Credit or
participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Eurocurrency Loan, Fixed Rate Loan or Bill Rate Loan or obtaining funds for the
purchase of B/As (or of maintaining its obligation to make any such Loan or to accept and purchase
B/As) or to increase the cost to such Lender or any Issuing Bank of participating in, issuing or
maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such
Lender or such Issuing Bank hereunder (whether of principal, interest or otherwise), then the
Borrowers will pay to such Lender or such Issuing Bank, as the case may be, such additional amount
or amounts as will compensate such Lender or such Issuing Bank, as the case may be, on an after-tax
basis for such additional costs incurred or reduction suffered.

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

          (c) If the cost to any Lender of making or maintaining any Loan to or obtaining funds for the
purchase of B/As from or participating in any Letter of Credit or any Issuing Bank of issuing or
maintaining any Letter of Credit to any Borrowing Subsidiary is increased (or the amount of any sum
received or receivable by any Lender (or its applicable lending office) or any Issuing Bank is
reduced) by an amount deemed in good faith by such Lender or such Issuing Bank to be material, by
reason of the fact that

 

62

such Borrowing Subsidiary is incorporated in, or conducts business in, a jurisdiction outside
the United States, such Borrowing Subsidiary shall indemnify such Lender or such Issuing Bank for
such increased cost or reduction within 15 days after demand by such Lender or such Issuing Bank
(with a copy to the Administrative Agent). A certificate of such Lender or such Issuing Bank
claiming compensation under this paragraph and setting forth the additional amount or amounts to be
paid to it hereunder (and the basis for the calculation of such amount or amounts) shall be
conclusive in the absence of manifest error.

          (d) A certificate of a Lender or an Issuing Bank setting forth the amount or amounts
necessary to compensate such Lender or such Issuing Bank or its holding company, as the case may
be, as specified in paragraph (a) or (b) of this Section, together with supporting documentation or
computations, shall be delivered to the Company and shall be conclusive absent manifest error. The
Company shall pay such Lender or such Issuing Bank the amount shown as due on any such certificate
within 10 Business Days after receipt thereof.

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

          (f) Notwithstanding the foregoing provisions of this Section, a Lender shall not be entitled
to compensation pursuant to this Section in respect of any Competitive Loan if the Change in Law
that would otherwise entitle it to such compensation shall have been publicly announced prior to
submission of the Competitive Bid pursuant to which such Loan was made.

          SECTION 2.18. Break Funding Payments. In the event of (a) the payment of any principal of
any Eurocurrency Loan, Fixed Rate Loan or Bill Rate Loan other than on the last day of an Interest
Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any
Eurocurrency Loan or Bill Rate Loan other than on the last day of the Interest Period applicable
thereto, (c) the failure to borrow, convert, continue or prepay any Revolving Loan or to issue B/As
for acceptance and purchase on the date specified in any notice delivered pursuant hereto
(regardless of whether such notice may be revoked under Section 2.13(c) and is revoked in
accordance therewith), (d) the failure to borrow any Competitive Loan after accepting the
Competitive Bid to make such Loan, or (e) the assignment of any Eurocurrency Loan, Fixed Rate Loan
or Bill Rate Loan or the right to receive payment in respect of a B/A other than on the last day of
the Interest Period or Contract Period, as the case may be,

 

63

applicable thereto as a result of a request by the Company pursuant to Section 2.21 or the CAM
Exchange, then, in any such event, the Borrowers shall compensate each Lender for the loss, cost
and expense attributable to such event. In the case of a Eurocurrency Loan or Bill Rate Loan, such
loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender
to be the excess, if any, of (i) the amount of interest which would have accrued on the principal
amount of such Loan had such event not occurred, at the Adjusted LIBO Rate or Australian Bank Bill
Rate, as applicable, that would have been applicable to such Loan, for the period from the date of
such event to the last day of the then current Interest Period therefor (or, in the case of a
failure to borrow, convert or continue, for the period that would have been the Interest Period for
such Loan), over (ii) the amount of interest which would accrue on such principal amount for such
period at the interest rate which such Lender would bid were it to bid, at the commencement of such
period, for deposits in the applicable currency of a comparable amount and period from other banks
in the eurocurrency market or bill rate market, as applicable. A certificate of any Lender setting
forth any amount or amounts that such Lender is entitled to receive pursuant to this Section,
together with supporting documentation or computations, shall be delivered to the Company and shall
be conclusive absent manifest error. The Borrowers shall pay such Lender the amount shown as due
on any such certificate within 10 Business Days after receipt thereof.

          SECTION 2.19. Taxes. (a) Any and all payments by or on account of any obligation of the
Borrowers hereunder or under any other Loan Document shall be made free and clear of and without
deduction for any Indemnified Taxes or Other Taxes; provided that if any Borrower shall be required
to deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable shall
be increased as necessary so that after making all required deductions of Indemnified Taxes or
Other Taxes (including deductions applicable to additional sums payable under this Section) the
Agent, Issuing Bank or Lender (as the case may be) receives an amount equal to the sum it would
have received had no such deductions been made, (ii) such Borrower shall make such deductions and
(iii) such Borrower shall pay the full amount deducted to the relevant Governmental Authority in
accordance with applicable law.

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

          (c) The Borrowers shall indemnify each Agent, each Lender and each Issuing Bank, within 10
Business Days after written demand therefor, for the full amount of any Indemnified Taxes or Other
Taxes paid by such Agent, such Lender or such Issuing Bank, as the case may be, on or with respect
to any payment by or on account of any obligation of the Borrowers hereunder or under any other
Loan Document (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to
amounts payable under this Section) and any penalties, interest and reasonable expenses arising
therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were
correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate
setting forth in reasonable detail the amount and nature of such payment or liability delivered to
the Company by a Lender, by an Issuing Bank or by an Agent on its

 

64

own behalf or on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest
error.

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

          (e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax
under the law of the jurisdiction in which a Borrower is located, or any treaty to which such
jurisdiction is a party, with respect to payments under this Agreement shall deliver to the Company
(with a copy to the Applicable Agent), at the time or times prescribed by applicable law, such
properly completed and executed documentation prescribed by applicable law or reasonably requested
by the Company as will permit such payments to be made without withholding or at a reduced rate.

          (f) If an Agent or a Lender determines, in its sole discretion, that it has received a refund
of any Taxes or Other Taxes as to which it has been indemnified by a Borrower or with respect to
which a Borrower has paid additional amounts pursuant to this Section 2.19, it shall pay over such
refund to the Company (but only to the extent of indemnity payments made, or additional amounts
paid, by the Borrowers under this Section 2.19 with respect to the Taxes or Other Taxes giving rise
to such refund), net of all out-of-pocket expenses of such Agent or such Lender and without
interest (other than any interest paid by the relevant Governmental Authority with respect to such
refund); provided, that the Borrowers, upon the request of such Agent or such Lender, agree to
repay the amount paid over to such Borrower (plus any penalties, interest or other charges imposed
by the relevant Governmental Authority) to such Agent or such Lender in the event such Agent or
such Lender is required to repay such refund to such Governmental Authority. This Section shall
not be construed to require any Agent or any Lender to make available its tax returns (or any other
information relating to its taxes which it deems confidential) to any Borrower or any other Person.

          SECTION 2.20. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) Each
Borrower shall make each payment required to be made by it hereunder or under any other Loan
Document (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts
payable under Section 2.17, 2.18 or 2.19, or otherwise) prior to 2:00 p.m., Local Time, on the date
when due, in immediately available funds, without set-off or counterclaim. Any amounts received
after such time on any date may, in the discretion of the Applicable Agent, be deemed to have been
received on the next succeeding Business Day for purposes of calculating interest thereon. All
such payments shall be made to the Applicable Agent to the applicable account specified on Schedule
2.20 for the account of the applicable Lenders or, in any such case, to such other account as the
Applicable Agent shall from time to time specify in a notice delivered to the Company, except that
payments to be made directly to an Issuing Bank or to the Swingline Lender as expressly provided
herein shall be made

 

65

directly to such parties and payments pursuant to Sections 2.17, 2.18, 2.19 and 10.03 shall be
made directly to the Persons entitled thereto. The Applicable Agent shall distribute any such
payments received by it for the account of any other Person to the appropriate recipient promptly
following receipt thereof. If any payment under any Loan Document shall be due on a day that is
not a Business Day, the date for payment shall be extended to the next succeeding Business Day,
and, in the case of any payment accruing interest, interest thereon shall be payable for the period
of such extension. All payments hereunder of principal or interest in respect of any Loan or
amounts owing in respect of any B/A Drawing (or of any breakage indemnity in respect of any Loan or
B/A Drawing) shall be made in the currency of such Loan or B/A Drawing; all other payments
hereunder and under each other Loan Document shall be made in US Dollars, except as otherwise
expressly provided. Any payment required to be made by an Agent hereunder shall be deemed to have
been made by the time required if such Agent shall, at or before such time, have taken the
necessary steps to make such payment in accordance with the regulations or operating procedures of
the clearing or settlement system used by such Agent to make such payment. Any amount payable by
any Agent to one or more Lenders in the national currency of a member state of the European Union
that has adopted the Euro as its lawful currency shall be paid in Euro.

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

          (c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Revolving Loans, amounts
owing in respect of any B/A Drawing or participations in LC Disbursements or Swingline Loans
resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its
Revolving Loans, amounts owing in respect of any B/A Drawing or participations in LC Disbursements
or Swingline Loans, and accrued interest thereon under any Tranche than the proportion received by
any other Lender under such Tranche, then the Lender receiving such greater proportion shall
purchase (for cash at face value) participations in the Revolving Loans, amounts owing in respect
of any B/A Drawing or participating in LC Disbursements or Swingline Loans, as applicable, of other
Lenders under such Tranche to the extent necessary so that the benefit of all such payments shall
be shared by the Lenders under such Tranche ratably in accordance with the aggregate amount of
principal of and accrued interest on their respective Revolving Loans, amounts owing in respect of
any B/A Drawing under such Tranche and participations in LC Disbursements or Swingline Loans;
provided that (i) if any such participations are purchased and all or any portion of the payment
giving rise thereto is recovered, such participations shall be rescinded and the purchase price
restored to the extent of such recovery, without interest, and (ii) the provisions of this

 

66

paragraph shall not be construed to apply to any payment made by any Borrower pursuant to and
in accordance with the express terms of this Agreement or any payment obtained by a Lender as
consideration for the assignment of or sale of a participation in any of its Loans or
participations in LC Disbursements or Swingline Loans to any assignee or participant, other than to
a Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph
shall apply). Each Borrower consents to the foregoing and agrees, to the extent it may effectively
do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against such Borrower rights of set-off and counterclaim with respect to
such participation as fully as if such Lender were a direct creditor of such Borrower in the amount
of such participation.

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

          (e) If any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.09(b) or paragraph (d) of this Section 2.20, then the Applicable Agent may, in its
discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received
by the Applicable Agent for the account of such Lender to satisfy such Lender’s obligations under
such Sections until all such unsatisfied obligations are fully paid.

          SECTION 2.21. Mitigation Obligations; Replacement of Lenders. (a) If any Lender requests
compensation under Section 2.17, or if any Borrower is required to pay any additional amount to any
Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.19, or if
any Borrower is required to pay any additional interest to any Lender pursuant to Section 2.23,
then such Lender shall use reasonable efforts to designate a different lending office for funding
or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its
offices, branches or affiliates, if, in the reasonable judgment of such Lender, such designation or
assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.17, 2.19 or 2.23 as
the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or
expense and would not otherwise be disadvantageous to such

 

67

Lender. Each Borrower hereby agrees to pay all reasonable costs and expenses incurred by any
Lender in connection with any such designation or assignment.

          (b) If any Lender requests compensation under Section 2.17, or if any Borrower is required to
pay any additional amount to any Lender or any Governmental Authority for the account of any Lender
pursuant to Section 2.19, or if any Borrower is required to pay any additional interest to any
Lender pursuant to Section 2.23, or if any Lender defaults in its obligation to fund Loans
hereunder, or if any Lender is a Declining Lender pursuant to Section 2.11(e), then the Company
may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent,
require such Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in Section 10.04), all its interests, rights and obligations under this
Agreement (other than any outstanding Competitive Loans held by it) to an assignee that shall
assume such obligations (which assignee may be another Lender, if a Lender accepts such
assignment); provided that (i) the Company shall have received the prior written consent of the
Administrative Agent, which consent shall not unreasonably be withheld, (ii) such Lender shall have
received payment of an amount equal to the outstanding principal of its Loans (other than
Competitive Loans) and participations in LC Disbursements and Swingline Loans, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the
extent of such outstanding principal and accrued interest and fees) or the Company (in the case of
all other amounts) and (iii) in the case of any such assignment resulting from a claim for
compensation under Section 2.17 or payments required to be made pursuant to Section 2.19 or
additional interest required pursuant to Section 2.23, such assignment will result in a material
reduction in such compensation, payments or additional interest.

          SECTION 2.22. Borrowing Subsidiaries. On or after the Effective Date, the Company may
designate any Wholly Owned Subsidiary of the Company as a US Borrowing Subsidiary, a UK Borrowing
Subsidiary, a Euro Borrowing Subsidiary, a Canadian Borrowing Subsidiary or an Australian Borrowing
Subsidiary, as applicable, by delivery to the Administrative Agent of a Borrowing Subsidiary
Agreement executed by such Subsidiary and the Company, and upon such delivery such Subsidiary shall
for all purposes of this Agreement be a Borrowing Subsidiary and a party to this Agreement. Upon
the execution by the Company and delivery to the Administrative Agent of a Borrowing Subsidiary
Termination with respect to any Borrowing Subsidiary, such Subsidiary shall cease to be a Borrowing
Subsidiary and a party to this Agreement; provided that no Borrowing Subsidiary Termination will
become effective as to any Borrowing Subsidiary (other than to terminate such Borrowing
Subsidiary’s right to make further Borrowings under this Agreement) at a time when any principal of
or interest on any Loan to such Borrowing Subsidiary shall be outstanding hereunder. Promptly
following receipt of any Borrowing Subsidiary Agreement or Borrowing Subsidiary Termination, the
Administrative Agent shall send a copy thereof to each Lender.

          SECTION 2.23. Additional Reserve Costs. (a) If and so long as any Lender is required to
make special deposits with the Bank of England, to maintain reserve asset ratios or to pay fees, in
each case in respect of such Lender’s Eurocurrency

 

68

           Loans in any Designated Foreign Currency, such Lender may require the relevant Borrower to
pay, contemporaneously with each payment of interest on each of such Loans, additional interest on
such Loan at a rate per annum equal to the Mandatory Costs Rate calculated in accordance with the
formula and in the manner set forth in Exhibit C hereto.

          (b) If and so long as any Lender is required to comply with reserve assets, liquidity, cash
margin or other requirements of any monetary or other authority (including any such requirement
imposed by the European Central Bank or the European System of Central Banks, but excluding
requirements reflected in the Statutory Reserve Rate or the Mandatory Costs Rate) in respect of any
of such Lender’s Eurocurrency Loans in any Designated Foreign Currency, such Lender may require the
relevant Borrower to pay, contemporaneously with each payment of interest on each of such Lender’s
Eurocurrency Loans subject to such requirements, additional interest on such Loan at a rate per
annum specified by such Lender to be the cost to such Lender of complying with such requirements in
relation to such Loan.

          (c) Any additional interest owed pursuant to paragraph (a) or (b) above shall be determined
by the relevant Lender, which determination shall be conclusive absent manifest error, and notified
to the relevant Borrower (with a copy to the Administrative Agent) at least five Business Days
before each date on which interest is payable for the relevant Loan, and such additional interest
so notified to the relevant Borrower by such Lender shall be payable to the Administrative Agent
for the account of such Lender on each date on which interest is payable for such Loan.

          SECTION 2.24. Redenomination of Certain Designated Foreign Currencies. (a) Each obligation
of any party to this Agreement to make a payment denominated in the national currency unit of any
member state of the European Union that adopts the Euro as its lawful currency after the date
hereof shall be redenominated into Euro at the time of such adoption (in accordance with the EMU
Legislation). If, in relation to the currency of any such member state, the basis of accrual of
interest expressed in this Agreement in respect of that currency shall be inconsistent with any
convention or practice in the London Interbank Market for the basis of accrual of interest in
respect of the Euro, such expressed basis shall be replaced by such convention or practice with
effect from the date on which such member state adopts the Euro as its lawful currency; provided
that if any Borrowing in the currency of such member state is outstanding immediately prior to such
date, such replacement shall take effect, with respect to such Borrowing, at the end of the then
current Interest Period.

          (b) Without prejudice and in addition to any method of conversion or rounding prescribed by
any EMU Legislation and (i) without limiting the liability of any Borrower for any amount due under
this Agreement and (ii) without increasing any Commitment of any Lender, all references in this
Agreement to minimum amounts (or integral multiples thereof) denominated in the national currency
unit of any member state of the European Union that adopts the Euro as its lawful currency after
the date hereof shall, immediately upon such adoption, be replaced by references to such minimum

 

69

amounts (or integral multiples thereof) as shall be specified herein with respect to
Borrowings denominated in Euro.

          (c) Each provision of this Agreement shall be subject to such reasonable changes of
construction as the Administrative Agent (in consultation with the Company) may from time to time
specify to be appropriate to reflect the adoption of the Euro by any member state of the European
Union and any relevant market conventions or practices relating to the Euro.

ARTICLE III

Representations and Warranties

          Each of the Company and the Borrowing Subsidiaries represents and warrants to the Lenders
that:

          SECTION 3.01. Organization and Qualification. Each Borrower is duly organized, validly
existing and in good standing (to the extent such concept is relevant to such Person in its
jurisdiction of organization) under the laws of the jurisdiction of its organization, has full and
adequate corporate power to carry on its business as now conducted, and is duly licensed or
qualified and, to the extent relevant, in good standing in each jurisdiction in which the nature of
the business transacted by it or the nature of the Property owned or leased by it makes such
licensing or qualification necessary, except where such failure to be so licensed or qualified and
in good standing would not have a Material Adverse Effect.

          SECTION 3.02. Subsidiaries. Each Significant Subsidiary is duly organized, validly existing
and in good standing (to the extent such concept is relevant to such Person in its jurisdiction of
organization) under the laws of the jurisdiction of its organization, has the requisite power to
carry on its business as now conducted, and is duly licensed or qualified and in good standing in
each jurisdiction in which the nature of the business transacted by it or the nature of the
Property owned or leased by it makes such licensing or qualification necessary, except where such
failure would not have a Material Adverse Effect. All the issued and outstanding Equity Interests
in each Significant Subsidiary are validly issued and outstanding and fully paid and nonassessable
and all such shares owned by the Company or a Subsidiary are owned, beneficially and of record, by
the Company or such Subsidiary, free of any Lien other than Permitted Encumbrances. The
Significant Subsidiaries as of the date hereof are listed on Schedule 3.02.

          SECTION 3.03. Corporate Authority and Validity of Obligations. Each Borrower has the
requisite right and authority to consummate the Transactions, to enter into this Agreement and each
other Loan Document to which it is a party, to make the Borrowings herein provided for, to issue
its notes in evidence thereof and to perform all of its obligations hereunder and under each other
Loan Document to which it is a party; each of the Transactions has been duly authorized by the
Borrowers and the execution, delivery and performance of this Agreement and the other Loan
Documents have been

 

70

duly authorized by all necessary corporate, company or partnership action by each Borrower
party thereto and constitute valid and binding obligations of the Borrowers enforceable in
accordance with their terms; and none of the Transactions, this Agreement, the other Loan Documents
and the performance or observance by any Borrower or any Subsidiary of any of the matters or things
herein or therein provided for contravene any provision of law or judgment or any charter or by-law
provision of any Borrower or any material covenant, indenture or agreement of or affecting any
Borrower or a substantial portion of any of their respective Properties.

          SECTION 3.04. Margin Stock. None of the Borrowers nor any of the Subsidiaries is engaged
principally, or as one of its primary activities, in the business of extending credit for the
purpose of purchasing or carrying Margin Stock, and none of the Borrowers nor any of the
Subsidiaries will use the proceeds of any Loan in a manner that violates any provision of
Regulation U or X of the Board of Governors of the Federal Reserve System.

          SECTION 3.05. Financial Reports. The consolidated balance sheet of the Company and the
Subsidiaries and the related consolidated statements of earnings, shareholders’ equity and cash
flows of the Company and the Subsidiaries and accompanying notes thereto (i) as at December 31,
2005, and for the year then ended, which financial statements are accompanied by the report of
PriceWaterhouseCoopers LLP, and (ii) as at September 30, 2006, and for the fiscal quarter and the
portion of the fiscal year then ended, certified by the Company’s chief financial officer,
heretofore furnished to the Administrative Agent, fairly present in all material respects the
consolidated financial condition of the Company and the Subsidiaries as at such dates and their
consolidated results of operations, shareholders’ equity and cash flows for the periods then ended
in conformity with GAAP, subject to year-end adjustments and the absence of footnotes in the case
of the statements referred to in clause (ii) above.

          SECTION 3.06. No Material Adverse Change. Since September 30, 2006, there has not occurred or
become known any condition or change that has affected or would reasonably be expected to affect
materially and adversely the business, assets, liabilities or financial condition of the Company,
and its Subsidiaries taken as a whole.

          SECTION 3.07. Litigation. There is no litigation or governmental proceeding pending, or to
the knowledge of the Company threatened, against the Company or any Subsidiary (a) as to which
there is a reasonable possibility of an adverse determination and that, if adversely determined,
would reasonably be expected to impair the validity or enforceability of, or materially impair the
ability of the Company or any other Borrower to perform its obligations under, this Agreement or
any other Loan Document or (b) except as disclosed on Schedule 3.07 or in the Company’s Form 10-Ks
and 10-Qs filed with the SEC covering periods through September 30, 2006, would reasonably be
expected to result in any Material Adverse Effect.

          SECTION 3.08. Tax Returns. Except as set forth on Schedule 3.08, the Company has filed
consolidated United States federal income tax returns for all taxable years ended on or before
December 31, 2005, and such returns of the Company for the

 

71

taxable year ended January 3, 2004 and all taxable years ended before such date have been
examined and approved by the Internal Revenue Service as filed, and any additional assessments for
any such year have been paid or the applicable statute of limitations therefor has expired. There
are no assessments pending for the consolidated United States federal income tax returns of the
Company and the Subsidiaries of a material nature for any taxable year ended after January 3, 2004,
nor to the knowledge of the Company is any such assessment threatened, other than those provided
for by adequate reserves under GAAP.

          SECTION 3.09. Approvals. No authorization, consent, license, exemption, filing or
registration with any court or governmental department, agency or instrumentality, or any other
Person, is necessary to the consummation of the Transactions or the valid execution, delivery or
performance by any Borrower of this Agreement or any other Loan Document except for those obtained
on or before the Effective Date or those the failure of which to obtain would not individually or
in the aggregate reasonably be expected to have a Material Adverse Effect.

          SECTION 3.10. ERISA. The Company and each Subsidiary are in compliance in all material
respects with the Employee Retirement Income Security Act of 1974 (“ERISA”) to the extent
applicable to them and have received no notice to the contrary from the Pension Benefit Guaranty
Corporation or any successor thereto (“PBGC”). No condition exists or event or transaction has
occurred under or relating to any Plan which could reasonably be expected to result in the
incurrence by the Company or any Subsidiary of any material liability, fine or penalty. Except as
disclosed on Schedule 3.10 or the most recent audited consolidated annual financial statements of
the Company, neither the Company nor any Subsidiary has any material contingent liability for any
post-retirement benefits under a Welfare Plan, other than liability for continuation coverage
described in Part 6 of Title 1 of ERISA.

          SECTION 3.11. Environmental Matters. Except as set forth on Schedule 3.11, or except with
respect to any other matters that, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect, none of the Company and its Subsidiaries (a) has
failed to comply with any Environmental Laws or to obtain, maintain or comply with any permit,
license or other approval required under any Environmental Laws, (b) has become subject to any
liability under any Environmental Laws, (c) has received notice of any claim with respect to any
Environmental Laws or (d) knows of any basis for any liability under any Environmental Laws.

          SECTION 3.12. Properties. (a) Each of the Company and its Subsidiaries has good title to, or
valid leasehold interests in, all its real and personal property material to its business, subject
only to Liens permitted by Section 6.02 and except for defects in title that could not individually
or in the aggregate reasonably be expected to result in a Material Adverse Effect.

          (b) Each of the Company and its Subsidiaries owns, or is licensed to use, all trademarks,
tradenames, copyrights, patents and other intellectual property material to

 

72

its business, and the use thereof by them does not infringe upon the rights of any other
Person, except for any such defects in ownership or license rights or other infringements that,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect.

          SECTION 3.13. Compliance with Laws. Each of the Company and its Subsidiaries is in compliance
with all laws, regulations and orders of the Food and Drug Administration and each other
Governmental Authority applicable to it or its property, except where the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect.

          SECTION 3.14. Investment Company Status. None of the Company and its Subsidiaries is an
“investment company” as defined in, or subject to regulation under, the Investment Company Act of
1940.

          SECTION 3.15. Disclosure. Neither the Information Memorandum nor any of the other reports,
financial statements, certificates or other information furnished by or on behalf of the Company to
the Administrative Agent or any Lender in connection with the negotiation of this Agreement or
delivered hereunder (as modified or supplemented by other information so furnished) contains any
material misstatement of fact or omits to state any material fact necessary to make the statements
therein, in the light of the circumstances under which they were made, not misleading; provided
that, with respect to projected financial information, the Company represents only that such
information was prepared in good faith based upon assumptions believed to be reasonable at the time
(it being understood that such projections are subject to significant uncertainties and
contingencies, many of which are beyond the Company’s control, and that no assurance can be given
that such projections will be realized).

ARTICLE IV

Conditions

          SECTION 4.01. Effective Date. The obligations of the Lenders to make Loans and accept and
purchase B/As and of the Issuing Banks to issue Letters of Credit hereunder shall not become
effective until the date on which each of the following conditions is satisfied (or waived in
accordance with Section 10.02):

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

     (b) The Administrative Agent shall have received a favorable written opinion
(addressed to the Administrative Agent and the Lenders and dated the Effective Date) of
each of (i) Gary H. Pilnick, Senior Vice President, General Counsel, Corporate Development
and Secretary of the Company, substantially in

 

73

the form of Exhibit D-1, and (ii) Kirkland & Ellis LLP, counsel for the Borrowers,
substantially in the form of Exhibit D-2. Each Borrower hereby requests such counsel to
deliver such opinion.

     (c) The Administrative Agent shall have received such documents and certificates as
the Administrative Agent or its counsel may reasonably request relating to the
organization, existence and good standing (to the extent such concept is relevant to such
Person in its jurisdiction of organization) of each Borrower and the authorization of the
Transactions, all in form and substance reasonably satisfactory to the Administrative Agent
and its counsel.

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

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

     (f) On the Effective Date, no Loans or unreimbursed LC Disbursements shall be
outstanding under the Existing Credit Agreement and all interest, fees and other amounts
accrued for the accounts of or otherwise owing to the Lenders, any Issuing Bank or the
Administrative Agent thereunder, whether or not at the time due and payable, shall have
been paid.

The Administrative Agent shall notify the Company and the Lenders of the Effective Date, and such
notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the
Lenders to make Loans hereunder and accept and purchase B/As and the Issuing Banks to issue Letters
of Credit shall not become effective unless each of the foregoing conditions is satisfied (or
waived pursuant to Section 10.02) at or prior to 5:00 p.m., New York City time, on November 10,
2006 (and, in the event such conditions are not so satisfied or waived, the Commitments shall
terminate at such time).

          SECTION 4.02. Each Borrowing. The obligation of each Lender to make any Loan or accept and
purchase any B/As and of the Issuing Banks to issue, amend, renew or extend any Letter of Credit
hereunder, is subject to the satisfaction (or waiver in accordance with Section 10.02) of the
following conditions:

          (a) The representations and warranties (other than those set forth in Sections 3.06 and 3.07
in the case of Borrowings made, B/As accepted and purchased or Letters of Credit issued, amended,
renewed or extended, as applicable, after the Effective Date) of the Borrowers set forth in the
Loan Documents shall be true and correct in all material respects on and as of the date of such
Borrowing, such acceptance and purchase

 

74

of B/As or such issuance, amendment, renewal or extension of any Letter of Credit, as
applicable.

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

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

          SECTION 4.03. Initial Borrowing by each Borrowing Subsidiary. The obligation of each Lender
to make Loans or accept and purchase B/As and of the Issuing Banks to issue, amend, renew or extend
any Letter of Credit to or for the account of any Borrowing Subsidiary (other than the Borrowing
Subsidiaries party hereto on the date hereof) is subject to the satisfaction (or waiver in
accordance with Section 10.02) of the following conditions:

          (a) The Administrative Agent (or its counsel) shall have received such Borrowing Subsidiary’s
Borrowing Subsidiary Agreement, duly executed by all parties thereto.

          (b) The Administrative Agent shall have received such documents and certificates, including
such opinions of counsel, as the Administrative Agent or its counsel may reasonably request
relating to the organization, existence and good standing (to the extent such concept is relevant
to such Person in its jurisdiction of organization) of such Borrowing Subsidiary, the authorization
of the Transactions insofar as they relate to such Borrowing Subsidiary and any other legal matters
reasonably relating to such Borrowing Subsidiary, its Borrowing Subsidiary Agreement or such
Transactions, all in form and substance satisfactory to the Administrative Agent and its counsel.

ARTICLE V

Affirmative Covenants

          Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and each B/A and all fees payable hereunder shall have been paid in full and all Letters
of Credit shall have expired or terminated and all LC Disbursements shall have been reimbursed, the
Company covenants and agrees with the Lenders as to itself and its subsidiaries and each Borrowing
Subsidiary covenants and agrees with the Lenders as to itself and its subsidiaries that:

          SECTION 5.01. Corporate Existence. The Company shall, and shall cause each Significant
Subsidiary to, preserve and maintain its corporate existence, subject to the provisions of Section
6.04.

 

75

          SECTION 5.02. Maintenance. The Company will maintain, preserve and keep its Property
necessary to the proper conduct of its business in reasonably good repair, working order and
condition (ordinary wear and tear and damage by casualty excepted) and will from time to time make
all necessary repairs, renewals, replacements, additions and betterments thereto so that in the
judgment of the Company at all times such Property shall be reasonably preserved and maintained,
and will cause each Significant Subsidiary so to do for Property owned or used by it, except where
the failure of which to maintain or preserve could not reasonably be expected to have a Material
Adverse Effect; provided, however, that nothing in this Section 5.02 shall prevent the Company or a
Significant Subsidiary from discontinuing the operation or maintenance of any such Property if such
discontinuance is, in the judgment of the Company, desirable in the conduct of its business or the
business of the Subsidiary and in the reasonable opinion of the Company is not disadvantageous in
any material respect to the Lenders.

          SECTION 5.03. Taxes. The Company will duly pay and discharge, and will cause each Subsidiary
to pay and discharge, all material taxes, rates, assessments, fees and governmental charges upon or
against the Company or such Subsidiary or against their respective Property, in each case before
the same becomes delinquent and before penalties accrue thereon, unless and to the extent that (a)
the same is being contested in good faith and by appropriate proceedings and adequate reserves
under GAAP are provided therefor or (b) the same could not reasonably be expected to give rise to a
Lien that would not be permitted under Section 6.02(d).

          SECTION 5.04. Insurance. The Company will insure, and keep insured, and will cause each
Subsidiary to insure, and keep insured, with reputable insurance companies, all insurable Property
owned by it which is of a character usually insured by companies similarly situated and operating
like Property. To the extent usually insured (subject to self-insured retentions) by companies
similarly situated and conducting similar businesses, the Company will also insure, and cause each
Subsidiary to insure, employers’ and public and product liability risks with reputable insurance
companies. The Company will upon request of the Administrative Agent furnish to the Administrative
Agent, for distribution to each Lender, a summary setting forth the nature and extent of the
insurance maintained pursuant to this Section 5.04.

          SECTION 5.05. Financial Reports and Other Information. The Company will, and will cause each
Subsidiary to, maintain a standard system of accounting substantially in accordance with GAAP and
will furnish to the Lenders and their respective duly authorized representatives such information
respecting the business and financial condition of the Company and the Subsidiaries as they may
reasonably request; and without any request will furnish to the Administrative Agent, which will
make available by means of electronic posting to each Lender:

     (a) within 60 days after the end of each of the first three quarterly fiscal periods
of the Company, a copy of the Company’s Form 10-Q Report filed with the SEC;

 

76

     (b) within 120 days after the end of each fiscal year of the Company, a copy of the
Company’s Form 10-K Report filed with the SEC, including a copy of the annual report of the
Company and the Subsidiaries for such year with accompanying financial statements, prepared
by the Company and certified by independent public accountants of recognized standing, in
accordance with GAAP;

     (c) promptly after the sending or filing thereof, copies of all proxy statements,
financial statements and reports the Company sends to its shareholders, and copies of all
other regular, periodic and special reports and all registration statements the Company
files with the SEC, or with any national securities exchange;

     (d) promptly following a request therefor, any documentation or other information that
a Lender reasonably requests in order to comply with its ongoing obligations under
applicable “know your customer” and anti-money laundering rules and regulations, including
the USA Patriot Act; and

     (e) (i) promptly after the Company has knowledge thereof, notice (including a
description in reasonable detail) of the occurrence of any Default or Event of Default, and
(ii) within five Business Days after the Company has knowledge thereof, notice of any
change to any rating of the Index Debt by S&P or Moody’s.

In addition, in the event that Subsidiaries not constituting Significant Subsidiaries shall at any
time (as a result of any acquisition or disposition of any Person or line of business involving any
party other than the Company and the Subsidiaries or any reorganization of the Company or any
Subsidiaries) represent more than 10% of Consolidated Total Assets or Consolidated Net Sales as of
such date or for such period, the Company will promptly designate additional Significant
Subsidiaries by written notice to the Administrative Agent until such excess has been eliminated.

          Each of the financial statements furnished to the Lenders pursuant to subsections (a) and (b)
of this Section 5.05 shall be accompanied by a compliance certificate in substantially the form of
Exhibit E signed by a Financial Officer of the Company. Each financial statement furnished to the
Lenders pursuant to subsection (b) of this Section 5.05 shall also be accompanied by a certificate
signed by a Financial Officer of the Company confirming compliance with the requirements set forth
in the definition of “Significant Subsidiary” and in the last sentence of the immediately preceding
paragraph, attaching a revised form of Schedule 3.02 showing all additions to and removals from the
Significant Subsidiaries since the date of the most recently delivered form of Schedule 3.02 (or
confirming that there have been no changes from such most recently delivered form of Schedule
3.02). If the Company is no longer required to file Form 10-Q and 10-K Reports with the SEC, the
Company will nevertheless furnish to the Lenders at the time herein above set forth all the
financial and other information that would have comprised such filings.

 

77

          Information required to be delivered pursuant to this Section shall be deemed to have been
delivered on the date on which the Company provides notice to the Lenders that such information has
been posted on the Company’s website on the Internet at
http://www.kelloggs.com or at the
appropriate Company designated website at http://www.sec.gov or
http://intralinks.com; provided that the Company shall deliver paper copies of the
information referred to in this Section after the date delivery is required thereunder to any
Lender which requests such delivery within 5 Business Days after such request.

          SECTION 5.06. Books and Records; Inspection Rights. The Company will, and will cause each of
its Subsidiaries to, keep proper books of record and account in which in all material respects
full, true and correct entries are made of all dealings and transactions in relation to its
business and activities as consistent with good business practices in the judgment of the Company.
The Company will, and will cause each of its Subsidiaries to, permit any representatives designated
by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its
properties, to examine and make extracts from its books and records, and to discuss its affairs,
finances and condition with its independent accountants (upon reasonable notice to the Company and
with its officers permitted to be present at such times) and its officers, all at such reasonable
times and as often as reasonably requested.

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

ARTICLE VI

Negative Covenants

          Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and each B/A and all fees payable hereunder shall have been paid in full and all Letters
of Credit shall have expired or terminated and all LC Disbursements shall have been reimbursed, the
Company covenants and agrees with the Lenders as to itself and its subsidiaries and each Borrowing
Subsidiary covenants and agrees with the Lenders as to itself and its subsidiaries that:

          SECTION 6.01. Indebtedness. The Company will not, and will not permit any Subsidiary to,
create, incur, assume or permit to exist at any time:

     (a) any Indebtedness of the Company secured by any Lien encumbering any asset of the
Company or any Subsidiary (other than Indebtedness of the Company set forth on Schedule
6.01);

 

78

     (b) any Indebtedness of any Subsidiary (other than (i) Indebtedness under this
Agreement, (ii) the Indebtedness of any Subsidiary set forth on Schedule 6.01, (iii)
Indebtedness to the Company or any other Wholly Owned Subsidiary and (iv) Indebtedness of
any Person that becomes a Subsidiary after the date hereof that existed at the time such
Person became a Subsidiary and was not created in contemplation of or in connection with
such Person becoming a Subsidiary); or

     (c) any Capital Lease Obligation;

if such creation, incurrence, assumption or existence would result in the sum, without duplication,
of (i) the aggregate principal amount of Indebtedness outstanding under clauses (a), (b) and (c)
above, (ii) the aggregate principal amount of outstanding obligations secured by Liens permitted by
Section 6.02(d), (iii) the aggregate amount of the Financed Portions of all outstanding
Securitizations and (iv) the outstanding Attributable Debt in respect of Sale-Leaseback
Transactions permitted by Section 6.03(b) exceeding 15% of Consolidated Total Assets as of the most
recent fiscal quarter end for which financial statements for the Company and its Subsidiaries are
available.

          SECTION 6.02. Liens. The Company will not, and will not permit any Subsidiary to, create,
incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired
by it, or assign or sell any income or revenues (including accounts receivable) or rights in
respect of any thereof, except:

     (a) Permitted Encumbrances and Liens solely for the benefit of the Company or any
Wholly Owned Subsidiary;

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

     (c) any Lien existing on any property or asset prior to the acquisition thereof by the
Company or any Subsidiary or existing on any property or asset of any Person that becomes a
Subsidiary after the date hereof prior to the time such Person becomes a Subsidiary;
provided that (i) such Lien is not created in contemplation of or in connection with such
acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall
not apply to any other property or assets of the Company or any Subsidiary and (iii) such
Lien shall secure only those obligations which it secures on the date of such acquisition
or the date such Person becomes a Subsidiary, as the case may be and extensions, renewals
and replacements thereof that do not increase the outstanding principal amount thereof; and

 

79

     (d) Liens not expressly permitted by clauses (a) through (c) above and
Securitizations; provided that the sum, without duplication, at any time of (i) the
aggregate principal amount of Indebtedness outstanding under Sections 6.01(a), (b) and (c),
(ii) the aggregate principal amount of outstanding obligations secured by Liens permitted
by this clause (d), (iii) the aggregate amount of the Financed Portions of all outstanding
Securitizations and (iv) the outstanding Attributable Debt in respect of Sale-Leaseback
Transactions permitted by Section 6.03(b) shall not exceed 15% of Consolidated Total Assets
as of the most recent fiscal quarter end for which financial statements for the Company and
its Subsidiaries are available.

          SECTION 6.03. Sale and Leaseback Transactions. The Company will not, and will not permit any
of its Subsidiaries to, enter into any Sale-Leaseback Transaction except:

     (a) Sale-Leaseback Transactions existing on the date hereof and set forth on Schedule
6.03; and

     (b) other Sale-Leaseback Transactions; provided that the sum, without duplication, at
any time of (i) the aggregate principal amount of Indebtedness outstanding under Sections
6.01(a), (b) and (c), (ii) the aggregate principal amount of outstanding obligations
secured by Liens permitted by Section 6.02(d), (iii) the aggregate amount of the Financed
Portions of all outstanding Securitizations and (iv) the aggregate outstanding Attributable
Debt in respect of Sale-Leaseback Transactions permitted by this clause (b) does not at any
time exceed 15% of Consolidated Total Assets as of the most recent fiscal quarter end for
which financial statements for the Company and its Subsidiaries are available.

          SECTION 6.04. Fundamental Changes. (a) The Company will not merge into or consolidate with
any other Person, or permit any other Person to merge into or consolidate with it, or sell,
transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or
substantially all of its assets (whether now owned or hereafter acquired and whether directly or
through any merger or consolidation of, or any sale, transfer, lease or other disposition of Equity
Interests in, or the assets of, any Subsidiary), or liquidate or dissolve, except that, if at the
time thereof and immediately after giving effect thereto no Default shall have occurred and be
continuing (i) any Person may merge into the Company in a transaction in which the Company is the
surviving corporation, (ii) any Person (other than the Company) may merge into any Subsidiary in a
transaction in which the surviving entity is a Subsidiary, (iii) any Subsidiary may sell, transfer,
lease or otherwise dispose of its assets to the Company or to another Subsidiary and (iv) any
Subsidiary may liquidate or dissolve if the Company determines in good faith that such liquidation
or dissolution is in the best interests of the Company and is not materially disadvantageous to the
Lenders.

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

 

80

by the Company and its Subsidiaries on the date of execution of this Agreement and businesses
reasonably related, ancillary, similar or supportive thereto.

          SECTION 6.05. Use of Proceeds. The proceeds of the Loans will be used only to provide
liquidity in connection with the Company’s commercial paper program and for other general corporate
purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, for
any purpose that entails a violation of any of the Regulations of the Board, including Regulations
U and X. Following the application of the proceeds of each Loan, not more than 25% of the value of
the assets of the Company and its Subsidiaries which are subject to any arrangement hereunder
whereby the Company’s or any Subsidiary’s right or ability to sell, pledge or otherwise dispose of
assets is in any way restricted will be Margin Stock. Letters of Credit will be issued only to
support payment obligations incurred in the ordinary course of business by the Borrowers.

          SECTION 6.06. Interest Expense Coverage Ratio. The Company will not permit the ratio of (a)
Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four
consecutive fiscal quarters ending on or after the last day of the first fiscal quarter beginning
after the Effective Date, to be less than 4.0 to 1.0.

ARTICLE VII

Events of Default

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

     (a) (i) default in the payment when due of any principal on any Loan or any B/A, or
any reimbursement obligation in respect of any LC Disbursement when and as the same shall
become due and payable, whether on the date thereof or at a date fixed for prepayment
thereof or otherwise, or (ii) default for a period of five days in the payment when due of
interest on any Loan, or (iii) default for a period of 10 days in the payment when due of
any other sum required to be paid pursuant to this Agreement;

     (b) default by any Borrower in the observance or performance of any of the covenants
set forth in Sections 5.01 (with respect to the Company’s existence) or 5.05(e) or in
Article VI;

     (c) default by any Borrower in the observance or performance of any other provision
hereof not mentioned in (a) or (b) above, which is not remedied within 30 days after notice
thereof to the Company by the Administrative Agent or any Lender;

     (d) any representation or warranty made (or deemed made) herein by any Borrower, or in
any statement or certificate furnished by any Borrower pursuant hereto or in connection
with any Loan, proves untrue in any material respect as of the date of the issuance or
making (or deemed making) thereof;

 

81

     (e) default in the payment when due, after any applicable grace period, of any
Indebtedness or any amount due under any Hedging Agreement the US Dollar Equivalent of the
aggregate principal amount of which exceeds US$50,000,000 (the “Aggregate Amount”) issued,
assumed or guaranteed by the Company or any Subsidiary (other than Indebtedness owing by
any Subsidiary to the Company or to another Subsidiary); or default or other event under
any indenture, agreement or other instrument under which any such Indebtedness is
outstanding or under any such Hedging Agreement, and such default or event shall result in
the acceleration of the maturity or the required redemption or repurchase of Indebtedness,
or the early termination of and a required payment under such Hedging Agreement, exceeding
in the aggregate such Aggregate Amount;

     (f) any “reportable event” (as defined in ERISA) which constitutes grounds for the
termination of any Plan by the PBGC, or for the appointment by an appropriate court of a
trustee to administer or liquidate any Plan, or could reasonably be expected to result in a
Material Adverse Effect, shall have occurred and be continuing 30 days after written notice
to such effect shall have been given to the Company by the Administrative Agent; or any
Plan shall be terminated by the PBGC; or a trustee shall be appointed to administer any
Plan; or the PBGC shall institute proceedings to administer or terminate any Plan; and in
the case of any such event the aggregate amount of unfunded liabilities under any affected
Plan shall exceed (either singly or in the aggregate in the case of any such liability
arising under more than one Plan) US$50,000,000; or the Company or any of its Subsidiaries
or any member of the Controlled Group of any of them shall withdraw (completely or
partially) from any “multiemployer plan” (as defined in Section 4001(a)(3) of ERISA) and
the aggregate amount of the liability of the Company and its Subsidiaries to such plan
under Title IV of ERISA shall exceed (either singly or in the aggregate in the case of any
such liability arising under more than one such plan) US$50,000,000;

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

     (h) the Company or any Significant Subsidiary shall (i) voluntarily commence any
proceeding or file any petition seeking liquidation, reorganization or other relief under
any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or
hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and
appropriate manner, any proceeding or

 

82

petition described in clause (h) of this Article, (iii) apply for or consent to the
appointment of a receiver, trustee, custodian, sequestrator, conservator or similar
official for the Company or any Significant Subsidiary or for a substantial part of its
assets, (iv) file an answer admitting the material allegations of a petition filed against
it in any such proceeding, (v) make a general assignment for the benefit of creditors or
(vi) take any action for the purpose of effecting any of the foregoing;

     (i) the Company or any Significant Subsidiary shall become unable, admit in writing
its inability or fail generally to pay its debts as they become due;

     (j) one or more judgments for the payment of money in an aggregate amount in excess of
US$75,000,000 (except to the extent covered by insurance as to which the insurer has
acknowledged such coverage in writing) shall be rendered against the Company, any
Subsidiary or any combination thereof and the same shall remain undischarged for a period
of 45 consecutive days during which execution shall not be effectively stayed, or any
action shall be legally taken by a judgment creditor to attach or levy upon any assets of
the Company or any Subsidiary to enforce any such judgment; or

     (k) a Change in Control shall occur;

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

          If a Default or Event of Default shall have occurred with respect to any Borrowing Subsidiary
(other than any Default or Event of Default under a provision of this Agreement that applies to
such Borrowing Subsidiary by virtue of its status as a Subsidiary or a Significant Subsidiary and
regardless of whether it is a Borrowing Subsidiary), then immediately upon the repayment in full of
all Loans outstanding to such Borrowing Subsidiary and the delivery to the Administrative Agent of
a Borrowing Subsidiary Termination Agreement in accordance with Section 2.22 such Default or Event
of Default shall cease to be effective with respect to such Borrowing Subsidiary.

 

83

          On the CAM Exchange Date, (i) the Commitments shall automatically and without further act be
terminated as provided in this Article VII and (ii) the Lenders shall automatically and without
further act be deemed to have exchanged interests in the Designated Obligations such that, in lieu
of the interests of each Lender in the Designated Obligations under each Tranche in which it shall
participate as of such date, such Lender shall own an interest equal to such Lender’s CAM
Percentage in the Designated Obligations under each of the Tranches. It is understood and agreed
that Lenders holding interests in B/As immediately prior to the CAM Exchange shall discharge the
obligations to fund such B/As at maturity in exchange for the interests acquired by such Lenders in
funded Loans in the CAM Exchange. Each Lender, each person acquiring a participation from any
Lender as contemplated by Section 10.04, the Company and each Borrower hereby consents and agrees
to the CAM Exchange. Each of the Company, the Borrowers and the Lenders agrees from time to time
to execute and deliver to the Administrative Agent or the Applicable Agent all such promissory
notes and other instruments and documents as the Administrative Agent or such Applicable Agent
shall reasonably request to evidence and confirm the respective interests and obligations of the
Lenders after giving effect to the CAM Exchange, and each Lender agrees to surrender any promissory
notes originally received by it in connection with its Loans hereunder to the Administrative Agent
against delivery of any promissory notes so executed and delivered; provided that the failure of
the Company or any Borrower to execute or deliver or of any Lender to accept any such promissory
note, instrument or document shall not affect the validity or effectiveness of the CAM Exchange.

          As a result of the CAM Exchange, on and after the CAM Exchange Date, each payment received by
any Agent pursuant to any Loan Document in respect of the Designated Obligations shall be
distributed to the Lenders pro rata in accordance with their respective CAM Percentages (to be
redetermined as of each such date of payment or distribution to the extent required by the next
paragraph below).

          In the event that, on or after the CAM Exchange Date, the aggregate amount of the Designated
Obligations shall change as a result of the making of an LC Disbursement by an Issuing Bank that is
not reimbursed by the applicable Borrower, then (i) each US Tranche Lender (determined without
giving effect to the CAM Exchange) shall, in accordance with Section 2.06(d), promptly purchase
from the applicable Issuing Bank a participation in such LC Disbursement in the amount of such US
Tranche Lender’s applicable US Tranche Percentage of such LC Disbursement (without giving effect to
the CAM Exchange) and (ii) the Administrative Agent shall redetermine the CAM Percentages after
giving effect to such LC Disbursement and the purchase of participations therein by the applicable
US Tranche Lenders and, in the event distributions shall have been made in accordance with the
preceding paragraph, the Lenders shall make such payments to one another as shall be necessary in
order that the amounts received by them shall be equal to the amounts they would have received had
each LC Disbursement been outstanding on the CAM Exchange Date. Each such redetermination shall be
binding on each of the Lenders and their successors and assigns and shall be conclusive, absent
manifest error.

 

84

ARTICLE VIII

The Agents

          In order to expedite the transactions contemplated by this Agreement, JPMCB is hereby
appointed to act as Administrative Agent on behalf of the Lenders and Issuing Banks, JPME is hereby
appointed to act as London Agent on behalf of the Lenders, JPMorgan Chase Bank, N.A. Toronto Branch
is hereby appointed to act as Canadian Agent on behalf of the Lenders and JPMAL is hereby appointed
to act as Australian Agent on behalf of the Lenders. Each of the Lenders and each Issuing Bank
hereby irrevocably authorizes the Agents to take such actions on its behalf and to exercise such
powers as are delegated to the Agents by the terms of the Loan Documents, together with such
actions and powers as are reasonably incidental thereto.

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

          The Agents shall not have any duties or obligations except those expressly set forth in the
Loan Documents. Without limiting the generality of the foregoing, (a) no Agent shall be subject to
any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing, (b) no Agent shall have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated by the Loan
Documents that such Agent is required to exercise in writing by the Required Lenders (or such other
number or percentage of the Lenders as shall be necessary under the circumstances as provided in
Section 10.02), and (c) except as expressly set forth in the Loan Documents, no Agent shall have
any duty to disclose, and shall not be liable for the failure to disclose, any information relating
to the Company, any Borrower or any Subsidiary that is communicated to or obtained by the bank
serving as Agent or any of its Affiliates in any capacity. No Agent shall be liable for any action
taken or not taken by it with the consent or at the request of the Required Lenders (or such other
number or percentage of the Lenders as shall be necessary under the circumstances as provided in
Section 10.02) or in the absence of its own bad faith, gross negligence or wilful misconduct. No
Agent shall be deemed to have knowledge of any Default unless and until written notice thereof is
given to such Agent by a Borrower or a Lender, and no such Agent shall be responsible for or have
any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in
connection with any Loan Document, (ii) the contents of any certificate, report or other document
delivered hereunder or in connection herewith, (iii) the performance or observance of any of the
covenants, agreements or other terms or conditions set forth in any Loan Document, (iv) the
validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement,
instrument or document, or (v) the satisfaction of any condition set forth in Article IV or
elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be
delivered to such Agent.

 

85

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

          Each Agent may perform any and all its duties and exercise its rights and powers by or through
any one or more sub-agents appointed by such Agent. Such Agent and any such sub-agent may perform
any and all its duties and exercise its rights and powers through their respective Related Parties.
The exculpatory provisions of the preceding paragraphs and the provisions of Section 10.03 shall
apply to any such sub-agent and to the Related Parties of the Agents and any such sub-agent, and
shall apply to their respective activities in connection with the syndication of the credit
facilities provided for herein as well as activities as Agent.

          Subject to the appointment and acceptance of a successor Agent as provided in this paragraph,
any Agent may resign at any time by notifying the Lenders, the Issuing Banks and the Company. Upon
any such resignation, the Required Lenders shall have the right (in consultation with, and with the
consent of, the Company, which shall not be unreasonably withheld) to appoint a successor. If no
successor shall have been so appointed by the Required Lenders and shall have accepted such
appointment within 30 days after the retiring Agent gives notice of its resignation, then the
retiring Agent may (in consultation with, and (unless an Event of Default has occurred and is
continuing pursuant to Article VII), with the consent of the Company, which shall not unreasonably
withhold such consent and which shall, if the retiring Agent shall so request, designate and
approve a successor Agent) on behalf of the Lenders, appoint a successor Agent which shall be a
bank with an office in New York, New York, or an Affiliate of any such bank. Upon the acceptance
of its appointment as Agent hereunder by a successor, such successor shall succeed to and become
vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring
Agent shall be discharged from its duties and obligations hereunder. The fees payable by the
Company to a successor Agent shall be the same as those payable to its predecessor unless otherwise
agreed between the Company and such successor. After an Agent’s resignation hereunder, the
provisions of this Article and Section 10.03 shall continue in effect for the benefit of such
retiring Agent, its sub-agents and their respective Related Parties in respect of any actions taken
or omitted to be taken by any of them while it was acting as Agent.

          Each Lender acknowledges that it has, independently and without reliance upon the Agents or
any other Lender and based on such documents and information as it has deemed appropriate, made its
own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that
it will, independently and without reliance upon the Agents or any other Lender and based on such
documents and

 

86

information as it shall from time to time deem appropriate, continue to make its own decisions
in taking or not taking action under or based upon this Agreement, any other Loan Document, any
related agreement or any document furnished hereunder or thereunder.

          None of the institutions named as Syndication Agent or Documentation Agent in the heading of
this Agreement shall, in their capacities as such, have any duties or responsibilities of any kind
under this Agreement.

ARTICLE IX

Guarantee

          In order to induce the Lenders to extend credit to the Borrowing Subsidiaries hereunder and to
induce the Issuing Banks to issue Letters of Credit hereunder, the Company hereby irrevocably and
unconditionally guarantees, as a primary obligor and not merely as a surety, the Obligations of the
Borrowing Subsidiaries. The Company further agrees that the due and punctual payment of the
Obligations of the Borrowing Subsidiaries may be extended or renewed, in whole or in part, without
notice to or further assent from it, and that it will remain bound upon its guarantee hereunder
notwithstanding any such extension or renewal of any Obligation.

          The Company waives presentment to, demand of payment from and protest to any Borrowing
Subsidiary of any of the Obligations, and also waives notice of acceptance of its obligations and
notice of protest for nonpayment. The obligations of the Company hereunder shall not be affected
by (a) the failure of any Lender or Issuing Bank, as the case may be, to assert any claim or demand
or to enforce any right or remedy against any Borrowing Subsidiary under the provisions of this
Agreement any Borrowing Subsidiary Agreement, any other Loan Document or otherwise; (b) any
extension or renewal of any of the Obligations; (c) any rescission, waiver, amendment or
modification of, or release from, any of the terms or provisions of this Agreement, any Borrowing
Subsidiary Agreement or any other Loan Document or agreement; (d) the failure or delay of any
Lender or Issuing Bank, as the case may be, to exercise any right or remedy against any other
guarantor of the Obligations; (e) the failure of any Lender or Issuing Bank, as the case may be, to
assert any claim or demand or to enforce any remedy under any Loan Document or any other agreement
or instrument; (f) any default, failure or delay, wilful or otherwise, in the performance of the
Obligations; or (g) any other act, omission or delay to do any other act which may or might in any
manner or to any extent vary the risk of the Company or otherwise operate as a discharge of the
Company as a matter of law or equity or which would impair or eliminate any right of the Company to
subrogation.

          The Company further agrees that its guarantee hereunder constitutes a promise of payment when
due (whether or not any bankruptcy or similar proceeding shall have stayed the accrual or
collection of any of the Obligations or operated as a discharge thereof) and not merely of
collection, and waives any right to require that any resort be had by any Lender or Issuing Bank,
as the case may be, to any balance of any deposit

 

87

account or credit on the books of any Lender or Issuing Bank, as the case may be, in favor of
any Borrower or Subsidiary or any other Person.

          The obligations of the Company hereunder shall not be subject to any reduction, limitation,
impairment or termination for any reason, and shall not be subject to any defense or setoff,
counterclaim, recoupment or termination whatsoever, by reason of the invalidity, illegality or
unenforceability of the Obligations, any impossibility in the performance of the Obligations or
otherwise.

          The Company further agrees that its obligations hereunder shall continue to be effective or be
reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is
rescinded or must otherwise be restored by any Lender or Issuing Bank as applicable, upon the
bankruptcy or reorganization of any Borrower or otherwise.

          In furtherance of the foregoing and not in limitation of any other right which any Lender or
Issuing Bank may have at law or in equity against the Company by virtue hereof, upon the failure of
any Borrowing Subsidiary to pay any Obligation when and as the same shall become due, whether at
maturity, by acceleration, after notice of prepayment or otherwise, the Company hereby promises to
and will, upon receipt of written demand by the Administrative Agent, forthwith pay, or cause to be
paid, to the Administrative Agent for distribution to the Lenders in cash an amount equal the
unpaid principal amount of such Obligation. The Company further agrees that if payment in respect
of any Obligation shall be due in a currency other than US Dollars and/or at a place of payment
other than New York and if, by reason of any legal prohibition, disruption of currency or foreign
exchange markets, war or civil disturbance or other event, payment of such Obligation in such
currency or at such place of payment shall be impossible or, in the reasonable judgment of any
Lender, not consistent with the protection of its rights or interests, then, at the election of
such Lender, the Company shall make payment of such Obligation in US Dollars (based upon the
applicable Exchange Rate in effect on the date of payment) and/or in New York, and shall indemnify
such Lender against any losses or expenses (including losses or expenses resulting from
fluctuations in exchange rates) that it shall sustain as a result of such alternative payment.

          Upon payment in full by the Company of any Obligation of any Borrowing Subsidiary, each Lender
shall, in a reasonable manner, assign to the Company the amount of such Obligation owed to such
Lender and so paid, such assignment to be pro tanto to the extent to which the Obligation in
question was discharged by the Company, or make such disposition thereof as the Company shall
direct (all without recourse to any Lender and without any representation or warranty by any
Lender). Upon payment by the Company of any sums as provided above, all rights of the Company
against any Borrowing Subsidiary arising as a result thereof by way of right of subrogation or
otherwise shall in all respects be subordinated and junior in right of payment to the prior
indefeasible payment in full of all the Obligations owed by such Borrowing Subsidiary to the
Lenders (it being understood that, after the discharge of all the Obligations due and payable from
such Borrowing Subsidiary, such rights may be

 

88

exercised by the Company notwithstanding that such Borrowing Subsidiary may remain
contingently liable for indemnity or other Obligations).

ARTICLE X

Miscellaneous

          SECTION 10.01. Notices. Except in the case of notices and other communications expressly
permitted to be given by telephone, all notices and other communications provided for herein shall
be in writing and shall be delivered by hand or overnight courier service, mailed by certified or
registered mail or sent by telecopy, as follows:

     (a) if to the Company, to it at One Kellogg Square, P.O. Box 3599, Battle Creek, MI
49016-3599, Attention of each of the Treasurer and the General Counsel (Telecopy No. (616)
961-3494);

     (b) if to any Borrowing Subsidiary, to it in care of the Company as provided in
paragraph (a) above;

     (c) if to the Administrative Agent or Swingline Lender, to JPMorgan Chase Bank, N.A.,
Loan and Agency Services Group, 1111 Fannin Street, 10th Floor, Houston, Texas 77002,
Attention of Cherry Arnaez (Telecopy No. (713) 750-2782), with a copy to JPMorgan Chase
Bank, N.A., 270 Park Avenue, 4th Floor, New York 10017, Attention of Laura Cumming
(Telecopy No. (212) 270-5100);

     (d) if to the London Agent, to it at J.P. Morgan Europe Limited, 125 London Wall,
London EC2Y-5AJ, United Kingdom; Attention of Loans Agency Division (Telecopy No.
011-44-207-777-2360), with a copy to the Administrative Agent as provided in paragraph (c)
above;

     (e) if to the Canadian Agent, to it at JPMorgan Chase Bank, N.A., Toronto Branch, 1
First Canadian Place, 100 King Street West, Suite 6900, Toronto, Ontario M5X 1A4, Canada,
Attention of: Portfolio Management Associates (Telecopy No. (416) 216-4162); with a copy
to the Administrative Agent as provided in paragraph (c) above;

     (f) if to the Australian Agent, to it at J.P. Morgan Australia Limited, at the address
designated by the Administrative Agent, with a copy to the Administrative Agent as provided
in paragraph (c) above;

     (g) if to any Issuing Bank, to it at the address most recently specified by it in a
notice delivered to the Administrative Agent and the Company; and

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

 

89

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

          SECTION 10.02. Waivers; Amendments. (a) No failure or delay by any Agent, any Lender or any
Issuing Bank in exercising any right or power hereunder or under any other Loan Document shall
operate as a waiver thereof, nor shall any single or partial exercise of any such right or power,
or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other
or further exercise thereof or the exercise of any other right or power. The rights and remedies
of the Agents, the Lenders and the Issuing Banks hereunder and under any other Loan Documents are
cumulative and are not exclusive of any rights or remedies that they would otherwise have. No
waiver of any provision of any Loan Document or consent to any departure by any Borrower therefrom
shall in any event be effective unless the same shall be permitted by paragraph (b) of this
Section, and then such waiver or consent shall be effective only in the specific instance and for
the purpose for which given. Without limiting the generality of the foregoing, the making of a
Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default,
regardless of whether any Agent, any Lender or any Issuing Bank may have had notice or knowledge of
such Default at the time.

          (b) Neither this Agreement nor any other Loan Document nor any provision hereof or thereof may
be waived, amended or modified except pursuant to an agreement or agreements in writing entered
into by the Company and the Required Lenders or by the Company and the Administrative Agent with
the written consent of the Required Lenders and, in the case of any other Loan Document, each
applicable Borrower (or the Company on behalf of such Borrower); provided that no such agreement
shall (i) increase the Commitment of any Lender without the written consent of such Lender, (ii)
reduce the principal amount of any Loan or LC Disbursement or any amount payable in respect of B/As
or reduce the rate of interest thereon, or reduce any fees payable to any Lender hereunder, without
the written consent of each Lender affected thereby, (iii) postpone the scheduled date of payment
of the principal amount of any Loan or any LC Disbursement, or any interest thereon, or any fees
payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the
scheduled date of expiration of any Commitment, without the written consent of each Lender affected
thereby, (iv) waive or change (x) Section 2.20(b) or (c) or any other provision providing for the
pro rata nature of sharing payments among the Lenders in a manner that would alter the pro rata
sharing of payments required thereby or (y) Section 2.02 or any other provision providing for the
pro rata nature of disbursements by the Lenders, in a manner that would alter the requirement that
such disbursements be made pro rata, in each case without the written consent of each Lender
affected thereby, (v) waive or change Section 2.11(c) or (d)(iii) in a manner that would alter the
pro rata reduction of the Commitments required thereby, without the written consent of each Lender
affected thereby, (vi) waive or change any of the provisions of this Section or the definition of
“Required Lenders” or any other provision of any Loan Document specifying the number or percentage
of Lenders (or Lenders of any Tranche) required to waive, amend or modify any rights hereunder or
make any determination or grant any

 

90

consent hereunder, without the written consent of each Lender, (vii) waive or change any
provision of the last three paragraphs of Article VII without the written consent of each Lender,
(viii) waive or change any provision of any Loan Document in a manner that by its terms adversely
affects the rights in respect of payments due to Lenders under any Tranche differently from those
of Lenders under any other Tranche without the written consent of Lenders holding a majority in
interest of the outstanding Loans and unused Commitments of each adversely affected Tranche
(treating Competitive Loans in the same way as in determining the Required Lenders for purposes of
determining any majority), or (ix) release the Company from its obligations under Article IX,
without the written consent of each Lender; provided further that (A) no such agreement shall
amend, modify or otherwise affect the rights or duties of any Agent or Issuing Bank or the
Swingline Lender hereunder without the prior written consent of such Agent or Issuing Bank or the
Swingline Lender, as the case may be, and (B) any waiver, amendment or modification that by its
terms is limited in effect to the rights or duties of Lenders under one or more (but less than all)
of the Tranches, such waiver, amendment or modification may be effected by an agreement or
agreements in writing entered into by the Company and the requisite percentage in interest of
Lenders under each affected Tranche. Notwithstanding the foregoing, any provision of this
Agreement may be amended by an agreement in writing entered into by the Company, the Required
Lenders and the Administrative Agent (and, if its rights or obligations are affected thereby, each
other applicable Agent or Issuing Bank or the Swingline Lender) if (i) by the terms of such
agreement the Commitment of each Lender not consenting to the amendment provided for therein shall
terminate upon the effectiveness of such amendment and (ii) at the time such amendment becomes
effective, each Lender not consenting thereto receives payment in full of the principal of and
interest accrued on each Loan made by it and all other amounts owing to it or accrued for its
account under this Agreement, including reimbursement obligations with respect to LC Disbursements
and interest thereon.

          SECTION 10.03. Expenses; Indemnity; Damage Waiver. (a) The Borrowers shall pay (i) all
reasonable out-of-pocket expenses incurred by the Agents and their Affiliates, including the
reasonable fees, charges and disbursements of one outside counsel for the Administrative Agent and
the other Agents, in connection with the syndication of the credit facilities provided for herein,
the preparation and administration of the Loan Documents or any amendments, modifications or
waivers (requested by or for the benefit of any Borrower) of the provisions hereof (whether or not
the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable
out-of-pocket expenses incurred by any Issuing Bank in connection with the issuance, amendment,
renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all
reasonable out-of-pocket expenses incurred by any Agent, any Issuing Bank or any Lender, including
the fees, charges and disbursements of any counsel for any Agent, any Issuing Bank or any Lender,
in connection with the enforcement or protection of its rights in connection with the Loan
Documents, including its rights under this Section, or in connection with the Loans made, the B/As
accepted and purchase or Letters of Credit issued hereunder, including all such reasonable
out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of
such Loans or Letters of Credit.

 

91

          (b) The Borrowers shall indemnify each Agent, each Lender and each Issuing Bank, and each
Related Party of any of the foregoing Persons involved directly or indirectly in the Transactions
(each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from,
any and all losses, claims, damages, liabilities and related expenses (other than Excluded Taxes),
including the fees, charges and disbursements of any counsel for any Indemnitee, incurred by or
asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the
execution or delivery of any Loan Document or any agreement or instrument contemplated thereby, the
performance by the parties to the Loan Documents of their respective obligations thereunder or the
consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan, B/A
or Letter of Credit or the use of the proceeds therefrom (including any refusal by any Issuing Bank
to honor a demand for payment under a Letter of Credit if the documents presented in connection
with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual
or alleged presence or release of Hazardous Materials on or from any property owned or operated by
the Company or any of its Subsidiaries, or any Environmental Liability related in any way to the
Company or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on contract, tort or
any other theory and regardless of whether any Indemnitee is a party thereto (and whether brought
by a third party or by any Borrower or any Affiliate of a Borrower, it being understood that
nothing herein shall relieve any Lender of liability for a breach of its agreements contained
herein); provided that such indemnity shall not, as to any Indemnitee, be available to the extent
that such losses, claims, damages, liabilities or related expenses (A) do not result in actual
out-of-pocket loss or expense by such Indemnitee or (B) result from the bad faith, wilful
misconduct or gross negligence of such Indemnitee or the breach by such Indemnitee of its
agreements set forth in the Loan Documents.

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

          (d) To the extent permitted by applicable law, no Borrower shall assert, and each hereby
waives, any claim against any Indemnitee, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement or any agreement or instrument contemplated
hereby, the Transactions, any Loan or any Letter of Credit or the use of the proceeds thereof.

 

92

     (e) All amounts due under this Section shall be payable promptly after written demand
therefor setting forth the amount and the nature of the expense or claim, as applicable.

     SECTION 10.04. Successors and Assigns. (a) The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of
Credit), except that no Borrower may assign or otherwise transfer any of its rights or obligations
hereunder or under any Borrowing Subsidiary Agreement without the prior written consent of each
Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null
and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any
Person (other than the parties hereto, their respective successors and assigns permitted hereby
(including any Affiliate of any Issuing Bank that issues any Letter of Credit) and, to the extent
expressly contemplated hereby, the Related Parties of each of the Agents, the Issuing Banks and the
Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

     (b) Any Lender may assign to one or more assignees all or a portion of its rights and
obligations under this Agreement (including all or a portion of its Commitment and the Loans at the
time owing to it); provided that (i) each of the Administrative Agent, each Issuing Bank and,
except in the case of an assignment to a Lender or an Affiliate of a Lender, the Company must give
their prior written consent to such assignment (which consent shall not be unreasonably withheld),
(ii) except in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment
of the entire remaining amount of the assigning Lender’s Commitment, the amount of the Commitment
of the assigning Lender subject to each such assignment (determined as of the date the Assignment
and Acceptance with respect to such assignment is delivered to the Administrative Agent) shall not
be less than US$5,000,000 unless each of the Company and the Administrative Agent otherwise
consent, (iii) each partial assignment shall be made as an assignment of a proportionate part of
all the assigning Lender’s rights and obligations under this Agreement, except that this clause
(iii) shall not apply to rights in respect of outstanding Competitive Loans, (iv) the parties to
each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance,
together with a processing and recordation fee of US$3,500, and (v) the assignee, if it shall not
be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; and
provided further that any consent of the Company otherwise required under this paragraph shall not
be required if an Event of Default under Article VII has occurred and is continuing. Subject to
acceptance and recording thereof pursuant to paragraph (d) of this Section, from and after the
effective date specified in each Assignment and Acceptance the assignee thereunder shall be a party
hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the
rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall,
to the extent of the interest assigned by such Assignment and Acceptance, be released from its
obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of
the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a
party hereto but shall continue to be entitled to the benefits of Sections 2.17, 2.18,

 

93

2.19 and 10.03). Any assignment or transfer by a Lender of rights or obligations under this
Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement
as a sale by such Lender of a participation in such rights and obligations in accordance with
paragraph (e) of this Section.

     (c) The Administrative Agent, acting for this purpose as an agent of each Borrower, shall
maintain at one of its offices in The City of New York a copy of each Assignment and Acceptance
delivered to it and a register for the recordation of the names and addresses of the Lenders, and
the Commitment of, and principal amount of the Loans, amounts in respect of B/As and LC
Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the
"Register”). The entries in the Register shall be conclusive, and the Borrowers, the Agents, the
Lenders and the Issuing Banks may treat each Person whose name is recorded in the Register pursuant
to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding
notice to the contrary. The Register shall be available for inspection by any Borrower, any Lender
and any Issuing Bank, at any reasonable time and from time to time upon reasonable prior notice.

     (d) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning
Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee
shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph
(b) of this Section and any written consent to such assignment required by paragraph (b) of this
Section, the Administrative Agent shall accept such Assignment and Acceptance and record the
information contained therein in the Register. No assignment shall be effective for purposes of
this Agreement unless it has been recorded in the Register as provided in this paragraph.

     (e) Any Lender may, without the consent of any Borrower, the Administrative Agent or any
Issuing Bank, sell participations to one or more banks or other entities (a “Participant”) in all
or a portion of such Lender’s rights and obligations under this Agreement (including all or a
portion of its Commitment and the Loans owing to it); provided that (i) such Lender’s obligations
under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to
the other parties hereto for the performance of such obligations and (iii) the Borrowers, the
Agents, the Issuing Banks and the other Lenders shall continue to deal solely and directly with
such Lender in connection with such Lender’s rights and obligations under this Agreement. Any
agreement or instrument pursuant to which a Lender sells such a participation shall provide that
such Lender shall retain the sole right to enforce the Loan Documents and to approve any amendment,
modification or waiver of any provision of the Loan Documents; provided that such agreement or
instrument may provide that such Lender will not, without the consent of the Participant, agree to
any amendment, modification or waiver described in the first proviso to Section 10.02(b) that
affects such Participant. Subject to paragraph (f) of this Section, each Borrower agrees that each
Participant shall be entitled to the benefits of Sections 2.17, 2.18 and 2.19 to the same extent as
if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this
Section. To the extent permitted by law, each Participant also shall be entitled to the

 

94

benefits of Section 10.08 as though it were a Lender, provided such Participant agrees to be
subject to Section 2.20(c) as though it were a Lender.

     (f) A Participant shall not be entitled to receive any greater payment under Section 2.17 or
2.19 than the applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, unless the sale of the participation to such Participant is
made with the Company’s prior written consent. A Participant that would be a Foreign Lender if it
were a Lender shall not be entitled to the benefits of Section 2.19 unless the Company is notified
of the participation sold to such Participant and such Participant agrees, for the benefit of the
Company, to comply with Section 2.19(e) as though it were a Lender.

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

     Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Bank”) may
grant to a special purpose funding vehicle (an “SPC”) of such Granting Bank, identified as such in
writing from time to time by the Granting Bank to the Administrative Agent and the Borrowers, the
option to provide to the Borrowers all or any part of any Loan that such Granting Bank would
otherwise be obligated to make to the Borrowers pursuant to Section 2.01 or the option to
participate in any Letter of Credit, as the case may be; provided that (i) nothing herein shall
constitute a commitment to make any Loan by any SPC or to participate in any Letter of Credit and
(ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of
such Loan, or to participate in such Letter of Credit the Granting Bank shall be obligated to make
such Loan or participate in such Letter of Credit pursuant to the terms hereof. The making of a
Loan by an SPC or the participation by such SPC in any Letter of Credit shall be deemed to utilize
the Commitment of the Granting Bank to the same extent, and as if, such Loan were made by the
Granting Bank or such participation in a Letter of Credit were paid or taken, as the case may be by
such Granting Bank. Each party hereto hereby agrees that no SPC shall be liable for any payment
under this Agreement for which a Lender would otherwise be liable, for so long as, and to the
extent, the related Granting Bank makes such payment. In furtherance of the foregoing, each party
hereto hereby agrees that, prior to the date that is one year and one day after the payment in full
of all outstanding senior indebtedness of any SPC, it will not institute against, or join any other
person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or
liquidation proceedings or similar proceedings under the laws of the United States or any State
thereof. In addition, notwithstanding anything to the contrary contained in this Section 10.04,
any SPC may (i) with notice to, but without the prior written consent of, the Borrowers and the
Administrative Agent and without paying any processing fee therefor, assign all or a portion of its
interests in any Loans or participations in any Letters of Credit to its

 

95

Granting Bank or to any financial institutions (if consented to by the Borrowers and
Administrative Agent) providing liquidity and/or credit facilities to or for the account of such
SPC to fund the Loans made by such SPC or to support the securities (if any) issued by such SPC to
fund such Loans and (ii) disclose on a confidential basis any non-public information relating to
its Loans or participations in any Letters of Credit (but not relating to any Borrower, except with
the Company’s consent) to any rating agency, commercial paper dealer or provider of any surety,
guarantee or credit or liquidity enhancement to such SPC.

     SECTION 10.05. Survival. All covenants, agreements, representations and warranties made by
the Borrowers herein, in the other Loan Documents and in the certificates or other instruments
delivered in connection with or pursuant to this Agreement or any other Loan Document shall be
considered to have been relied upon by the other parties hereto and shall survive the execution and
delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit,
regardless of any investigation made by any such other party or on its behalf and notwithstanding
that any Agent, any Lender or any Issuing Bank may have had notice or knowledge of any Default or
incorrect representation or warranty at the time any credit is extended hereunder, and shall
continue in full force and effect as long as the principal of or any accrued interest on any Loan
or any fee or any other amount payable under this Agreement is outstanding and unpaid or any Letter
of Credit is outstanding and so long as the Commitments have not expired or terminated. The
provisions of Sections 2.17, 2.18, 2.19 and 10.03 and Article VIII shall survive and remain in full
force and effect regardless of the consummation of the transactions contemplated hereby, the
repayment of the Loans, the expiration or termination of the Commitments, the Letters of Credit or
the termination of this Agreement or any provision hereof.

     SECTION 10.06. Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto on different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract.
This Agreement, the other Loan Documents and any separate letter agreements with respect to fees
payable to the Administrative Agent constitute the entire contract among the parties relating to
the subject matter hereof and supersede any and all previous agreements and understandings, oral or
written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement
shall become effective when it shall have been executed by the Administrative Agent and when the
Administrative Agent shall have received counterparts hereof which, when taken together, bear the
signature of each of the other parties hereto and their respective successors and assigns.
Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other
electronic transmission shall be effective as delivery of a manually executed counterpart of this
Agreement.

     SECTION 10.07. Severability. Any provision of any Loan Document held to be invalid, illegal
or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
of such invalidity, illegality or unenforceability without affecting the validity, legality and
enforceability of the remaining provisions of

 

96

such Loan Document; and the invalidity of a particular provision in a particular jurisdiction
shall not invalidate such provision in any other jurisdiction.

     SECTION 10.08. Right of Setoff. If an Event of Default shall have occurred and be
continuing, each Lender is hereby authorized at any time and from time to time, to the fullest
extent permitted by law, to set off and apply any and all deposits (general or special, time or
demand, provisional or final) at any time held and other obligations at any time owing by such
Lender or Affiliate to or for the credit or the account of any Borrower (other than payroll
accounts and trust accounts) against any of and all the obligations of the Borrowers now or
hereafter existing under this Agreement held by such Lender, irrespective of whether or not such
Lender shall have made any demand under this Agreement. The rights of each Lender under this
Section are in addition to and shall not limit other rights and remedies (including other rights of
setoff) which such Lender may have.

     SECTION 10.09. Governing Law; Jurisdiction; Consent to Service of Process. (a) This
Agreement shall be construed in accordance with and governed by the law of the State of New York.

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

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

     (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 10.01. Nothing in this Agreement or any other Loan Document will
affect the right of any party hereto or thereto to serve process in any other manner permitted by
law.

 

97

     SECTION 10.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).
EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE
BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION.

     SECTION 10.11. Headings. Article and Section headings and the Table of Contents used herein
are for convenience of reference only, are not part of this Agreement and shall not affect the
construction of, or be taken into consideration in interpreting, this Agreement.

     SECTION 10.12. Confidentiality. (a) Each of the Agents, the Lenders and the Issuing Banks
agrees to maintain the confidentiality of the Information (as defined below), except that
Information may be disclosed (i) to its and its Affiliates’ directors, officers, employees and
agents, including accountants, legal counsel and other advisors (it being understood that the
Persons to whom such disclosure is made will be informed of the confidential nature of such
Information and instructed to keep such Information confidential), (ii) to the extent requested by
any regulatory authority, (iii) to the extent required by applicable laws or regulations or by any
subpoena or similar legal process, (iv) to any other party to this Agreement, (v) in connection
with the exercise of any remedies hereunder or any suit, action or proceeding relating to this
Agreement or any other Loan Document or the enforcement of rights hereunder, (vi) subject to an
agreement containing provisions substantially the same as those of this Section, to (A) any
assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights
or obligations under this Agreement or (B) any actual or prospective counterparty to any swap or
derivative transaction relating to the Borrowers and their obligations, or any advisor of any such
counterparty, (vii) with the consent of any Borrower or (viii) to the extent such Information (A)
becomes publicly available other than as a result of a breach of this Section or (B) becomes
available to any Agent, any Lender or any Issuing Bank on a nonconfidential basis from a source
other than a Borrower. For the purposes of this Section, “Information” means all information
received from the Borrowers relating to the Borrowers or their business, other than any such
information that is available to the Administrative Agent, any Lender or any Issuing Bank on a
nonconfidential basis prior to disclosure by a Borrower; provided that, in the case of information
received from a Borrower after the date hereof, such information is identified at the time of
delivery as confidential. Any Person required to maintain the confidentiality of Information as
provided in this Section shall be considered to have complied with its obligation to do so if such
Person has exercised the same degree of care

 

98

to maintain the confidentiality of such Information as a prudent Person engaged in the same
business or following customary procedures for such business would accord to its own confidential
information.

     (b) Each Lender acknowledges that information furnished to it pursuant to this Agreement may
include material non-public information concerning the Company and the Subsidiaries or the
Company’s securities, and confirms that it has developed compliance procedures regarding the use of
material non-public information and that it will handle such material non-public information in
accordance with those procedures and applicable law, including Federal and state securities laws.

     (c) All information, including requests for waivers and amendments, furnished by the Company
or any Agent pursuant to, or in the course of administering, this Agreement will be syndicate-level
information, which may contain material non-public information about the Company and the
Subsidiaries or the Company’s securities. Accordingly, each Lender represents to the Company and
the Agents that it has identified in its Administrative Questionnaire a credit contact who may
receive information that may contain material non-public information in accordance with its
compliance procedures and applicable law, including Federal and state securities laws, and such
credit contact shall be bound by such Lender’s confidentiality obligations hereunder.

     SECTION 10.13. Interest Rate Limitation. Notwithstanding anything herein to the contrary, if
at any time the interest rate applicable to any Loan, together with all fees, charges and other
amounts which are treated as interest on such Loan under applicable law (collectively the
"Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for,
charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable
law, the rate of interest payable in respect of such Loan hereunder, together with all Charges
payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the
interest and Charges that would have been payable in respect of such Loan but were not payable as a
result of the operation of this Section shall be cumulated and the interest and Charges payable to
such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate
therefor) until such cumulated amount, together with interest thereon at the Federal Funds
Effective Rate to the date of repayment, shall have been received by such Lender.

     SECTION 10.14. Conversion of Currencies. (a) If, for the purpose of obtaining judgment in
any court, it is necessary to convert a sum owing hereunder in one currency into another currency,
each party hereto (including any Borrowing Subsidiary) agrees, to the fullest extent that it may
effectively do so, that the rate of exchange used shall be that at which in accordance with normal
banking procedures in the relevant jurisdiction the first currency could be purchased with such
other currency on the Business Day immediately preceding the day on which final judgment is given.

     (b) The obligations of each Borrower in respect of any sum due to any party hereto or any
holder of the obligations owing hereunder (the “Applicable Creditor”)

 

99

shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the
currency in which such sum is stated to be due hereunder (the “Agreement Currency”), be discharged
only to the extent that, on the Business Day following receipt by the Applicable Creditor of any
sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in accordance with
normal banking procedures in the relevant jurisdiction purchase the Agreement Currency with the
Judgment Currency; if the amount of the Agreement Currency so purchased is less than the sum
originally due to the Applicable Creditor in the Agreement Currency, such Borrower agrees, as a
separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor
against such loss. The obligations of the Borrowers contained in this Section 10.14 shall survive
the termination of this Agreement and the payment of all other amounts owing hereunder.

     SECTION 10.15. USA Patriot Act. Each Lender hereby notifies the Company that pursuant to the
requirements of the USA Patriot Act, it is required to obtain, verify and record information that
identifies the Borrowers, which information includes the name and address of each Borrower and
other information that will allow such Lender to identify the Borrowers in accordance with its
requirements.

     SECTION 10.16. No Fiduciary Relationship. Each Borrower, on behalf of itself and its
subsidiaries, agrees that in connection with all aspects of the transactions contemplated hereby or
by the other Loan Documents and any communications in connection therewith, the Borrowers, their
subsidiaries and their Affiliates, on the one hand, and the Administrative Agent, the Issuing
Banks, the Lenders and their Affiliates, on the other hand, will have a business relationship that
does not create, by implication or otherwise, any fiduciary duty on the part of the Administrative
Agent, the Issuing Banks, the Lenders or their Affiliates, and no such duty will be deemed to have
arisen in connection with any such transaction or communications.

[Signature Pages To Follow]

 

100

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

	 	 	 	 	 	 	 
	 	 	KELLOGG COMPANY,
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Gary H. Pilnick
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 

	 	 	 	 	 	Title:
	 
	 	 	 	 	 	 
	 	 	KELLOGG CANADA INC., as a Canadian Borrowing Subsidiary,
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Av Maharaj
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 

	 	 	 	 	 	Title:

 

101

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A., individually, as Issuing Bank and as Administrative
Agent,
	 
	 	 	 	 	 	 
	 

	 	 	 	By
	 	/s/ Barbara R. Marks
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Barbara R. Marks
	 

	 	 	 	 	 	Title: Vice President
	 
	 	 	 	 	 	 
	 	 	J.P. MORGAN EUROPE LIMITED, as London Agent,
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Illegible
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 

	 	 	 	 	 	Title:
	 
	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK,
N.A.,
 TORONTO BRANCH, as Canadian Agent,
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Christine Chan
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Christine Chan
	 

	 	 	 	 	 	Title: Vice President
	 
	 	 	 	 	 	 
	 	 	J.P. MORGAN AUSTRALIA LIMITED, as Australian Agent,
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Lee Wilkinson
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Lee Wilkinson
	 

	 	 	 	 	 	Title: Vice President

 

	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 
	 	 	BARCLAYS BANK
PLC
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Russell C. Johnson
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Russell C. Johnson
	 

	 	 	 	 	 	Title: Associate Director

 

 

	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 
	 	 	BANK OF AMERICA,
N.A.
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ J. Casey Cosgrove
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: J. Casey Cosgrove
	 

	 	 	 	 	 	Title: Vice President
	 
	 	 	 	 	 	 
	 	 	BANK OF AMERICA,
N.A.
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ William Sweeney
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: William Sweeney
	 

	 	 	 	 	 	Title: Senior Vice President

 

 

	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 
	 	 	BANK OF
AMERICA
	 	 	National Association (Canada Branch)
	 
	 	 	 	 	 	 
	 

	 	 	 	by	 	/s/ Medina Sales de Andrade
	 

	 	 	 	 	 	Name: Medina Sales de Andrade
	 

	 	 	 	 	 	Title: Assistant Vice President

 

 

	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 
	 	 	CITIBANK N.A.
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Andrew Kreeger
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Andrew Kreeger
	 

	 	 	 	 	 	Title: Vice President
	 
	 	 	 	 	 	 
	 	 	CITIBANK,
N.A. Canadian Branch
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Niyousha Zarinpour
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Niyousha Zarinpour
	 

	 	 	 	 	 	Title: Authorised Signer
	 
	 	 	 	 	 	 
	 	 	CITIBANK,
N.A. Sydney Branch
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Warren Scott
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Warren Scott
	 

	 	 	 	 	 	Title: General Counsel
	 
	 	 	 	 	 	 
	 	 	CITIBANK
INTERNATIONAL PLC
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ John Frezoulis
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: John Frezoulis

Title: Vice President

 

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 
	 	 	SUNTRUST BANK
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Susan M. Hall
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Susan M. Hall
	 

	 	 	 	 	 	Title: Managing Director/GPM
	 
	 	 	 	 	 	 
	 	 	SUNTRUST BANK
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Hugh Brown
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Hugh Brown
	 

	 	 	 	 	 	Title: Director/Group Portfolio Mgr.

 

 

	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 
	 	 	THE BANK OF NOVA
SCOTIA
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Nadine Bell
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Nadine Bell
	 

	 	 	 	 	 	Title: Senior Manager

 

 

	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 
	 	 	THE BANK OF
TOKYO
	 	 	Mitsubishi UFJ, Ltd. Chicago Branch
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Tsuguyuki Umene
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Tsuguyuki Umene
	 

	 	 	 	 	 	Title: Deputy General Manager

 

 

	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 
	 	 	BNP PARIBAS
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Angela Arnold
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Angela Arnold
	 

	 	 	 	 	 	Title: Director
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Henry Gaw
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Henry Gaw
	 

	 	 	 	 	 	Title: Managing Director
	 
	 	 	 	 	 	 
	 	 	BNP PARIBAS (Canada)
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Don Lee
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Don Lee
	 

	 	 	 	 	 	Title: Managing Director
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Andrew Sclater
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Andrew Sclater
	 

	 	 	 	 	 	Title: Vice President
	 
	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 
	 	 	DEUTSCHE BANK
AG New York Branch
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Ming K. Chu
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Ming K. Chu
	 

	 	 	 	 	 	Title: Vice President
	 
	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Yvonne Tilden
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Yvonne Tilden
	 

	 	 	 	 	 	Title: Vice President

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	HSBC BANK USA, N.A.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ James Kelly
 

Name: James Kelly
	 	 
	 

	 	 	 	 	 	Title: Senior Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	RABOBANK NEDERLAND
	 
	 	 	 	 	 	 	 	 
	 	 	Canadian Branch
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	 /s/ Anthony H. Liang
 

	 	 
	 

	 	 	 	 	 	Name: Anthony H. Liang	 	 
	 

	 	 	 	 	 	Title: Executive Director	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Rommel J. Domingo
 

	 	 
	 

	 	 	 	 	 	Name: Rommel J. Domingo	 	 
	 

	 	 	 	 	 	Title: Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	COOPERATIEVE CENTRALE RAIFFEISON
	 	 	Boerenleenbank BA Trading as

RABOBANK INTERNATIONAL

Canadian Branch
	 
	 

	 	 	 	by
	 	/s/ R. Bradshaw
 

	 	 
	 

	 	 	 	 	 	Name: R. Bradshaw	 	 
	 

	 	 	 	 	 	Title: Executive Director	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Philip Kemp
 

	 	 
	 

	 	 	 	 	 	Name: Philip Kemp	 	 
	 

	 	 	 	 	 	Title: Executive Director	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	COOPERATIEVE CENTRALE RAIFFEISON
	 	 	Boerenleenbank BA

RABOBANK NEDERALAND

New York Branch
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Michael L. Laurie
 

	 	 
	 

	 	 	 	 	 	Name: Michael L. Laurie	 	 
	 

	 	 	 	 	 	Title: Executive Director	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Rebecca Morrow	 	 
	 

	 	 	 	 	 	Name: Rebecca Morrow	 	 
	 

	 	 	 	 	 	Title: Executive Director	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED

AND RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	BANCO BILBAO VIZCAYA ARGENTARIA SA
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ John Martini
 

	 	 
	 

	 	 	 	 	 	Name: John Martini	 	 
	 

	 	 	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Jay Levit
 

	 	 
	 

	 	 	 	 	 	Name: Jay Levit	 	 
	 

	 	 	 	 	 	Title: Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	FIFTH THIRD BANK
	 	 	a Michigan Banking Corporation
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Randal Wolffis
 

	 	 
	 

	 	 	 	 	 	Name: Randal Wolffis	 	 
	 

	 	 	 	 	 	Title: Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	FORTIS CAPITAL CORP
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Clay Jackson
 

	 	 
	 

	 	 	 	 	 	Name: Clay Jackson	 	 
	 

	 	 	 	 	 	Title: Managing Director	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	 /s/ Egens M. Van Iterson Scholten
 

	 	 
	 

	 	 	 	 	 	Name: Egens M. Van Iterson	 	 
	 

	 	 	 	 	 	Scholten Title: Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	THE NORTHERN TRUST COMPANY
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Thomas Hasenauer
 

	 	 
	 

	 	 	 	 	 	Name: Thomas Hasenauer	 	 
	 

	 	 	 	 	 	Title: Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	COBANK, ACB
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ S. Richard Dill
 

	 	 
	 

	 	 	 	 	 	Name: S. Richard Dill

Title: Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	MIZUHO CORPORATE BANK LTD.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Robert Gallagher
 

	 	 
	 

	 	 	 	 	 	Name: Robert Gallagher	 	 
	 

	 	 	 	 	 	Title: Senior Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	MORGAN STANLEY BANK
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Daniel Twenge
 

	 	 
	 

	 	 	 	 	 	Name: Daniel Twenge	 	 
	 

	 	 	 	 	 	Title: Authorized Signatory	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	SOCIETE GENERALE
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Kimberly A. Metzger
 

	 	 
	 

	 	 	 	 	 	Name: Kimberly A. Metzger	 	 
	 

	 	 	 	 	 	Title: Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Thomas H. Ambrose
 

	 	 
	 

	 	 	 	 	 	Name: Thomas H. Ambrose	 	 
	 

	 	 	 	 	 	Title: Senior Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	WELLS FARGO BANK N.A.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Peter Martinets
 

	 	 
	 

	 	 	 	 	 	Name: Peter Martinets	 	 
	 

	 	 	 	 	 	Title: Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	LLOYDS TSB BANK PLC
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Alan Greenbaum
 

	 	 
	 

	 	 	 	 	 	Name: Alan Greenbaum	 	 
	 

	 	 	 	 	 	Title: Relationship Manager	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	UNICREDITO ITALIANO

New York Br.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Christopher Eldin
 

	 	 
	 

	 	 	 	 	 	Name: Christopher Eldin	 	 
	 

	 	 	 	 	 	Title: F.V.P. & Dep. General Manager	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Charles Michael
 

	 	 
	 

	 	 	 	 	 	Name: Charles Michael	 	 
	 

	 	 	 	 	 	Title: Vice President	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE KELLOGG

COMPANY AMENDED AND

RESTATED FIVE-YEAR CREDIT

AGREEMENT
	 
	 	 	 	 	 	 	 	 
	 	 	ALLIED IRISH BANKS PLC
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Ian Campion
 

	 	 
	 

	 	 	 	 	 	Name: Ian Campion	 	 
	 

	 	 	 	 	 	Title: Relationship Managerexv4w09

 

EXHIBIT 4.09

 

364-DAY CREDIT AGREEMENT

dated as of

JANUARY 31, 2007

among

KELLOGG COMPANY

the LENDERS party hereto

and

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

BARCLAYS BANK PLC,

as Syndication Agent

J.P. MORGAN SECURITIES INC.

and

BARCLAYS CAPITAL,

as Joint Lead Arrangers and Joint Bookrunners

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	ARTICLE I
	 	 	 	 
	 	 	 
	 	 	 	 
	Definitions
	 	 	 	 
	 	 	 
	 	 	 	 
	SECTION 1.01.	 	Defined Terms
	 	 	1	 
	SECTION 1.02.	 	Classification of Loans and Borrowings
	 	 	15	 
	SECTION 1.03.	 	Terms Generally
	 	 	15	 
	SECTION 1.04.	 	Accounting Terms; GAAP
	 	 	15	 
	SECTION 1.05.	 	Determinations Made in Good Faith
	 	 	16	 
	 	 	 
	 	 	 	 
	ARTICLE II
	 	 	 	 
	 	 	 
	 	 	 	 
	The Credits
	 	 	 	 
	 	 	 
	 	 	 	 
	SECTION 2.01.	 	Commitments
	 	 	16	 
	SECTION 2.02.	 	Loans and Borrowings
	 	 	16	 
	SECTION 2.03.	 	Requests for Borrowings
	 	 	17	 
	SECTION 2.04.	 	Funding of Borrowings
	 	 	17	 
	SECTION 2.05.	 	Interest Elections
	 	 	18	 
	SECTION 2.06.	 	Termination and Reduction of Commitments; (a) Unless previously terminated, the
Commitments shall terminate on the Maturity Date
	 	 	19	 
	SECTION 2.07.	 	Repayment of Loans; Evidence of Debt
	 	 	20	 
	SECTION 2.08.	 	Prepayment of Loans
	 	 	20	 
	SECTION 2.09.	 	Fees
	 	 	21	 
	SECTION 2.10.	 	Interest
	 	 	22	 
	SECTION 2.11.	 	Alternate Rate of Interest
	 	 	22	 
	SECTION 2.12.	 	Increased Costs
	 	 	23	 
	SECTION 2.13.	 	Break Funding Payments
	 	 	24	 
	SECTION 2.14.	 	Taxes
	 	 	24	 
	SECTION 2.15.	 	Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	 	 	26	 
	SECTION 2.16.	 	Mitigation Obligations; Replacement of Lenders
	 	 	27	 
	 	 	 
	 	 	 	 
	ARTICLE III
	 	 	 	 
	 	 	 
	 	 	 	 
	Representations and Warranties
	 	 	 	 
	 	 	 
	 	 	 	 
	SECTION 3.01.	 	Organization and Qualification
	 	 	28	 
	SECTION 3.02.	 	Subsidiaries
	 	 	28	 
	SECTION 3.03.	 	Corporate Authority and Validity of Obligations
	 	 	29	 
	SECTION 3.04.	 	Margin Stock
	 	 	29	 
	SECTION 3.05.	 	Financial Reports
	 	 	29	 
	SECTION 3.06.	 	No Material Adverse Change
	 	 	29	 
	SECTION 3.07.	 	Litigation
	 	 	29	 

 

iii

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	SECTION 3.08.	 	Tax Returns
	 	 	30	 
	SECTION 3.09.	 	Approvals
	 	 	30	 
	SECTION 3.10.	 	ERISA
	 	 	30	 
	SECTION 3.11.	 	Environmental Matters
	 	 	30	 
	SECTION 3.12.	 	Properties
	 	 	31	 
	SECTION 3.13.	 	Compliance with Laws
	 	 	31	 
	SECTION 3.14.	 	Investment Company Status
	 	 	31	 
	SECTION 3.15.	 	Disclosure
	 	 	31	 
	 	 	 
	 	 	 	 
	ARTICLE IV
	 	 	 	 
	 	 	 
	 	 	 	 
	Conditions
	 	 	 	 
	 	 	 
	 	 	 	 
	SECTION 4.01.	 	Effective Date
	 	 	31	 
	SECTION 4.02.	 	Each Borrowing
	 	 	32	 
	 	 	 
	 	 	 	 
	ARTICLE V
	 	 	 	 
	 	 	 
	 	 	 	 
	Affirmative Covenants
	 	 	 	 
	 	 	 
	 	 	 	 
	SECTION 5.01.	 	Corporate Existence
	 	 	33	 
	SECTION 5.02.	 	Maintenance
	 	 	33	 
	SECTION 5.03.	 	Taxes
	 	 	33	 
	SECTION 5.04.	 	Insurance
	 	 	33	 
	SECTION 5.05.	 	Financial Reports and Other Information
	 	 	34	 
	SECTION 5.06.	 	Books and Records; Inspection Rights
	 	 	35	 
	SECTION 5.07.	 	Compliance with Laws
	 	 	35	 
	 	 	 
	 	 	 	 
	ARTICLE VI
	 	 	 	 
	 	 	 
	 	 	 	 
	Negative Covenants
	 	 	 	 
	 	 	 
	 	 	 	 
	SECTION 6.01.	 	Indebtedness
	 	 	36	 
	SECTION 6.02.	 	Liens
	 	 	36	 
	SECTION 6.03.	 	Sale and Leaseback Transactions
	 	 	37	 
	SECTION 6.04.	 	Fundamental Changes
	 	 	37	 
	SECTION 6.05.	 	Use of Proceeds
	 	 	38	 
	SECTION 6.06.	 	Interest Expense Coverage Ratio
	 	 	38	 
	 	 	 
	 	 	 	 
	ARTICLE VII
	 	 	 	 
	 	 	 
	 	 	 	 
	Events of Default
	 	 	 	 
	 	 	 
	 	 	 	 
	ARTICLE VIII
	 	 	 	 
	 	 	 
	 	 	 	 
	The Agent
	 	 	 	 

 

iv

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 	 	 
	 	 	 	 
	ARTICLE IX
	 	 	 	 
	 	 	 
	 	 	 	 
	Miscellaneous
	 	 	 	 
	 	 	 
	 	 	 	 
	SECTION 9.01.	 	Notices
	 	 	43	 
	SECTION 9.02.	 	Waivers; Amendments
	 	 	43	 
	SECTION 9.03.	 	Expenses; Indemnity; Damage Waiver
	 	 	44	 
	SECTION 9.04.	 	Successors and Assigns
	 	 	46	 
	SECTION 9.05.	 	Survival
	 	 	49	 
	SECTION 9.06.	 	Counterparts; Integration; Effectiveness
	 	 	49	 
	SECTION 9.07.	 	Severability
	 	 	49	 
	SECTION 9.08.	 	Right of Setoff
	 	 	49	 
	SECTION 9.09.	 	Governing Law; Jurisdiction; Consent to Service of Process
	 	 	50	 
	SECTION 9.10.	 	WAIVER OF JURY TRIAL
	 	 	50	 
	SECTION 9.11.	 	Headings
	 	 	51	 
	SECTION 9.12.	 	Confidentiality
	 	 	51	 
	SECTION 9.13.	 	Interest Rate Limitation
	 	 	52	 
	SECTION 9.14.	 	USA Patriot Act
	 	 	52	 
	SECTION 9.15.	 	No Fiduciary Relationship
	 	 	52	 

 

v

SCHEDULES

	 	 	 	 	 	 	 
	 	 	 	 	 	Page
	Schedule 2.01

	 	—
	 	Commitments
	 	 
	Schedule 3.02

	 	—
	 	Significant Subsidiaries	 	 
	Schedule 3.07

	 	—
	 	Litigation	 	 
	Schedule 3.08

	 	—
	 	Taxes	 	 
	Schedule 3.10

	 	—
	 	ERISA	 	 
	Schedule 3.11

	 	—
	 	Environmental Matters	 	 
	Schedule 6.01

	 	—
	 	Outstanding Indebtedness	 	 
	Schedule 6.02

	 	—
	 	Existing Liens	 	 
	Schedule 6.03

	 	—
	 	Sale-Leaseback Transactions	 	 

EXHIBITS

	 	 	 	 	 
	Exhibit A

	 	—
	 	Form of Assignment and Acceptance
	Exhibit B-1

	 	—
	 	Form of Opinion of Gary H. Pilnick,
Senior Vice President, General Counsel, Corporate Development and Secretary
	Exhibit B-2

	 	—
	 	Form of Opinion of Kirkland & Ellis LLP, Counsel for the Company
	Exhibit C

	 	—
	 	Form of Compliance Certificate
	Exhibit D

	 	—
	 	Form of Note

 

 

     This 364-DAY CREDIT AGREEMENT (this “Agreement”) dated as of January
31, 2007, among KELLOGG COMPANY (the “Company”), a Delaware corporation;
the LENDERS party hereto; JPMORGAN CHASE BANK, N.A., as Administrative
Agent and BARCLAYS BANK PLC, as Syndication Agent.

     The Company (such term and each other capitalized term used and not otherwise defined herein
having the meaning assigned to it in Article I) has requested that the Lenders agree to extend
credit to enable it to borrow on a revolving credit basis on and after the date hereof and at any
time and from time to time prior to the Maturity Date a principal amount not in excess of
$400,000,000 at any time outstanding. The proceeds of such borrowings are to be used to provide
liquidity in connection with the Company’s commercial paper program and for other general corporate
purposes. The Lenders are willing to extend such credit to the Company on the terms and subject to
the conditions herein set forth.

Accordingly, the parties hereto agree as follows:

ARTICLE I

Definitions

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

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

     “Adjusted LIBO Rate” means, with respect to any Eurocurrency Borrowing for any Interest
Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to
(a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

     “Administrative Agent” means JPMCB, in its capacity as administrative agent for the Lenders
hereunder, or any successor thereto appointed in accordance with Article VIII.

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

     “Affiliate” means, with respect to a specified Person, another Person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified.

     “Alternate Base Rate” means, 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

 

2

Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due to a
change in the Prime Rate or the Federal Funds Effective Rate shall be effective from and including
the effective date of such change in the Prime Rate, or the Federal Funds Effective Rate,
respectively.

     “Applicable Percentage” means, with respect to any Lender, the percentage of the total
Commitments represented by such Lender’s Commitment. If the Commitments have terminated or
expired, the Applicable Percentages shall be determined based upon the Commitments most recently in
effect, giving effect to any assignments.

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

     “Attributable Debt” means, with respect to any Sale-Leaseback Transaction, the present value
(discounted at the rate set forth or implicit in the terms of the lease included in such
Sale-Leaseback Transaction, compounded semiannually) of the total obligations of the lessee for
rental payments (other than amounts required to be paid on account of taxes, maintenance, repairs,
insurance, assessments, utilities, operating and labor costs and other items which do not
constitute payments for property rights or amounts related to contingent rents (such as those based
on sales)) during the remaining term of the lease included in such Sale-Leaseback Transaction
(including any period for which such lease has been extended). In the case of any lease which is
terminable by the lessee upon payment of a penalty, the Attributable Debt shall be the lesser of
the Attributable Debt determined assuming termination upon the first date such lease may be
terminated (in which case the Attributable Debt shall also include the amount of the penalty, but
no rent shall be considered as required to be paid under such lease subsequent to the first date
upon which it may be so terminated) or the Attributable Debt determined assuming no such
termination. Any determination of any rate implicit in the terms of the lease included in such
Sale-Leaseback Transaction made in accordance with generally accepted financial practices by the
Company shall absent manifest error be binding and conclusive.

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

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

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

 

3

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

     “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial
banks in New York City are authorized or required by law to remain closed; provided that, when used
in connection with a Eurocurrency Loan, the term “Business Day” shall also exclude any day on which
banks are not open for dealings in deposits in Dollars in the London interbank market.

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

     “Change in Control” means (a) any Person or group of Persons (within the meaning of Section 13
or 14 of the Securities Exchange Act of 1934, as amended) shall have acquired beneficial ownership
(within the meaning of Rule 13d-3 promulgated by the SEC under said Act) of 40% or more in voting
power of the outstanding Voting Stock of the Company or (b) members of the Board of Directors of
the Company on the date hereof plus any additional members of such Board whose nomination for
election to such Board is recommended or approved by a majority of the then current members of such
Board shall at any time fail to constitute a majority of such Board.

     “Change in Law” means (a) the adoption of any law, rule or regulation after the date of this
Agreement, (b) any change in any law, rule or regulation or in the interpretation or application
thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any
Lender (or, for purposes of Section 2.12(b), by any lending office of such Lender or by such
Lender’s holding company, if any) with any request, guideline or directive (whether or not having
the force of law) of any Governmental Authority made or issued after the date of this Agreement.

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

     “Commitment” means, with respect to each Lender, the commitment of such Lender to make Loans
pursuant to Section 2.01(a) expressed as an amount representing the maximum aggregate permitted
amount of such Lender’s Credit Exposure hereunder, as such commitment may be (a) reduced from time
to time pursuant to Section 2.06 and (b) reduced or increased from time to time pursuant to
assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s
Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which
such Lender shall have assumed its Commitment, as applicable. The aggregate amount of the
Commitments on the date hereof is $400,000,000.

     “Company” means Kellogg Company, a Delaware corporation.

 

4

     “Consolidated EBITDA” means, for any period, Consolidated Net Income for such period plus,
without duplication and to the extent deducted in determining such Consolidated Net Income, the sum
of (i) consolidated interest expense for such period, (ii) consolidated income tax expense
(including, without duplication, foreign withholding taxes and any state single business unitary or
other similar taxes) for such period, (iii) all amounts attributable to depreciation and
amortization for such period, (iv) any non-cash charges for such period, (v) fees and expenses
incurred in connection with the Transactions, (vi) fees and expenses in an aggregate amount for any
fiscal year not in excess of $20,000,000 incurred in connection with the issuance of any
Indebtedness or equity, acquisitions, investments or asset sales or divestitures permitted
hereunder and (vii) any (A) cash charges in an aggregate amount for any fiscal year not in excess
of $50,000,000 or (B) any noncash charges, in each case arising out of the restructuring,
consolidation, severance or discontinuance of any portion of the operations, employees and/or
management of any entities or businesses of the Company or any of the Subsidiaries, determined
without giving effect to any extraordinary gains or losses for such period to the extent included
in determining Consolidated Net Income, all determined on a consolidated basis in accordance with
GAAP.

     “Consolidated Interest Expense” means, for any period, the sum of (a) the cash interest
expense (including imputed interest expense in respect of Capital Lease Obligations) of the Company
and the Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP,
and (b) any interest accrued during such period in respect of Indebtedness of the Company or any
Subsidiary that is required to be capitalized rather than included in consolidated interest expense
for such period in accordance with GAAP; provided that there shall be excluded from Consolidated
Interest Expense (i) any fees paid to the Administrative Agent and (ii) any payments made to obtain
any interest rate hedging agreements; and provided further, solely for purposes of determining
compliance with Section 6.06, in the event the Company or any Subsidiary acquired any Person or
line of business during the relevant period, Consolidated Interest Expense will be determined
giving pro forma effect to any incurrence of Indebtedness related to such acquisition as if such
incurrence of Indebtedness had occurred on the first day of the relevant period.

     “Consolidated Net Income” means, for any period, the net income or loss of the Company and the
Subsidiaries for such period determined on a consolidated basis in accordance with GAAP; provided
that (a) there shall be excluded the income of any Person (other than the Company) in which any
other Person (other than the Company or any Subsidiary or any director holding qualifying shares or
other third parties holding nominal amounts of shares, as required by or in compliance with
applicable law) owns an Equity Interest, except to the extent of the amount of dividends or other
distributions actually paid to the Company or any of the Subsidiaries during such period, and (b)
solely for purposes of determining compliance with Section 6.06, in the event the Company or any
Subsidiary acquired any Person or line of business during the relevant period, Consolidated Net
Income will be determined giving pro forma effect to such acquisition as if such acquisition and
any related incurrence of Indebtedness had occurred on the first day of the relevant period, but
shall not take into account any cost savings projected to be

 

5

realized as a result of such acquisition other than cost savings permitted to be included
under Regulation S-X of the Securities and Exchange Commission.

     “Consolidated Net Sales” means, for any period, the net sales of the Company and the
Subsidiaries for such period, as reported as a line item in the Company’s income statements as
filed with the Company’s Form 10-Q Report or Form 10-K Report, as applicable.

     “Consolidated Total Assets” means the total assets of the Company and its Subsidiaries
determined in accordance with GAAP; provided that for purposes of determining compliance with
Sections 6.01, 6.02 and 6.03, in the event the Company or any Subsidiary acquires any Person or
line of business after the fiscal quarter end referred to in such Section, “Consolidated Total
Assets” as of such fiscal quarter end shall be deemed to include the assets of such Person or line
of business from and after the date of such acquisition.

     “Control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of a Person, whether through the ability to exercise voting
power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto.

     “Controlled Group” means all of a controlled group of corporations and all trades and
businesses (whether or not incorporated) under common control that, together with the Company or
any of its Subsidiaries, are treated as a single employer under Section 414 of the Code.

     “Credit Exposure” means, with respect to any Lender at any time, the aggregate principal
amount at such time of all outstanding Loans of such Lender.

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

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

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

     “Environmental Laws” means all federal, state, local and foreign statutes, laws (including
common law), regulations, ordinances, judgments, permits and other governmental rules or
restrictions relating to human health, safety (including occupational safety and health standards),
and protection of the environment or to emissions, discharges or releases of pollutants,
contaminants, hazardous substances or wastes into the environment, including ambient air, surface
or ground water, or land, or otherwise relating to the manufacture, processing, distribution, use,
treatment, storage, disposal, transport or handling of pollutants, contaminants, hazardous
substances or wastes or the cleanup or other remediation thereof.

 

6

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

     “Equity Interests” means shares of capital stock, partnership interests, membership interests
in a limited liability company, beneficial interests in a trust or other equity ownership interests
in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or
acquire any such equity interest.

     “ERISA” has the meaning assigned to such term in Section 3.10.

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

     “Eurocurrency Loan” means any Loan bearing interest at a rate determined by reference to the
Adjusted LIBO Rate.

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

     “Excluded Taxes” means, with respect to the Administrative Agent or any Lender or any other
recipient of any payment to be made by or on account of any obligation of the Company hereunder,
(a) income or franchise taxes imposed on (or measured by) its net income, (b) any branch profits
taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction,
(c) in the case of a Foreign Lender, any withholding tax imposed by the United States of America
that is in effect and would apply to amounts payable by the Company from an office within such
jurisdiction to the lending office of such Lender at the time such Lender becomes a party to this
Agreement (or designates a new lending office) and (d) any withholding tax that is attributable to
such Lender’s failure to comply with Section 2.14(e), except, in the case of clause (c) above, to
the extent that (i) such Lender (or its assignor, if any) was entitled, at the time of designation
of a new lending office (or assignment), to receive additional amounts from the Company with
respect to any withholding tax pursuant to Section 2.14, or (ii) such withholding tax shall have
resulted from the making of any payment to a location other than the office designated by the
Administrative Agent or such Lender for the receipt of payments of the applicable type.

     “Existing Credit Agreement” means the amended and restated five-year credit agreement dated as
of November 10, 2006, among the Company; the borrowing subsidiaries party thereto; the lenders
party thereto; JPMBC, as administrative agent, J.P. Morgan Europe Limited, as London agent;
JPMorgan Chase Bank, N.A., Toronto branch,

 

7

as Canadian agent; J.P. Morgan Australia Limited, as Australian Agent; Barclays Bank PLC, as
syndication agent and Bank of America, N.A., Citibank, N.A. and Suntrust Bank, as co-documentation
agents.

     “Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if
necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with
members of the Federal Reserve System arranged by Federal funds brokers, as published on the next
succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so
published for any day that is a Business Day, the average (rounded upwards, if necessary, to the
next 1/100 of 1%) of the quotations for such day for such transactions received by the
Administrative Agent from three Federal funds brokers of recognized standing selected by it.

     “Financed Portion” means, at any time, with respect to a Securitization, the greatest amount
of the claims of the parties providing financing (whether through direct purchases of receivables
or interests therein or through other financing arrangements), however evidenced, including direct
claims on collections of a party providing financing and including debt or equity interests or
securities (other than any seller’s interests retained by any wholly owned Subsidiary) of a
purchasing vehicle, permitted to be outstanding at such time under such Securitization (assuming
the satisfaction of all conditions to issuance) or, if greater, the maximum purchase limit, however
denominated, under such Securitization.

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

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

     “GAAP” means generally accepted accounting principles in the United States of America or, when
reference is made to another jurisdiction, generally accepted accounting principles in effect from
time to time in such jurisdiction.

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

     “Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or
otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any
Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether
directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or
other obligation or to purchase (or to

 

8

advance or supply funds for the purchase of) any security for the payment thereof, (b) to
purchase or lease property, securities or services for the purpose of assuring the owner of such
Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity
capital or any other financial statement condition or liquidity of the primary obligor so as to
enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party
in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or
obligation; provided, that the term Guarantee shall not include (i) endorsements for collection or
deposit, (ii) standard contractual indemnities not related to the borrowing of money or
Indebtedness, in each case in the ordinary course of business, or (iii) recourse at customary
levels in connection with Securitizations accounted for as sales. The amount of any Guarantee of
any guaranteeing Person shall be deemed to be the lower of (a) an amount equal to the stated or
determinable amount of the primary obligation in respect of which such Guarantee is made and (b)
the maximum amount for which such guaranteeing Person may be liable pursuant to the terms of the
instrument embodying such Guarantee, unless such primary obligation and the maximum amount for
which such guaranteeing Person may be liable are not stated or determinable, in which case the
amount of such Guarantee shall be such guaranteeing Person’s maximum reasonably anticipated
liability (assuming such Person is required to perform) in respect thereof as determined by such
Person in good faith.

     “Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas,
infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to
any Environmental Laws.

     “Hedging Agreement” means any interest rate protection agreement, foreign currency exchange
agreement, currency swap agreement, commodity price protection agreement or other interest or
currency exchange rate or commodity price hedging arrangement. The “principal amount” of any
Hedging Agreement of the Company or any Subsidiary at any time shall be deemed to be the aggregate
amount at such time of the payments that would be required to be made by the Company or such
Subsidiary in the event of any early termination at such time of such Hedging Agreement.

     “Indebtedness” of any Person means, without duplication, (a) all obligations of such Person
for borrowed money or with respect to deposits or advances of any kind, (b) all obligations of such
Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such
Person upon which interest charges are customarily paid, (d) all obligations of such Person under
conditional sale or other title retention agreements relating to property acquired by such Person,
(e) all obligations of such Person in respect of the deferred purchase price of property or
services (excluding current accounts payable incurred in the ordinary course of business), (f) all
Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing
right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such
Person, whether or not the Indebtedness secured thereby has been assumed, (g) all Guarantees by
such Person of Indebtedness of others, (h) all Capital Lease Obligations of such Person, (i) all
obligations, contingent or otherwise, of such Person as an account

 

9

party in respect of letters of credit and letters of guaranty and (j) all obligations,
contingent or otherwise, of such Person in respect of bankers’ acceptances. The Indebtedness of
any Person shall include the Indebtedness of any other entity (including any partnership in which
such Person is a general partner) to the extent such Person is liable therefor as a result of such
Person’s ownership interest in or other relationship with such entity, except to the extent the
terms of such Indebtedness provide that such Person is not liable therefor. Indebtedness shall not
include trade payables and accrued expenses arising in the ordinary course of business.

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

     “Interest Election Request” means a request by the Company to convert or continue a Borrowing
in accordance with Section 2.05.

     “Interest Payment Date” means (a) with respect to any ABR Loan, the last day of each March,
June, September and December, and (b) with respect to any Eurocurrency Loan, the last day of the
Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a
Eurocurrency Borrowing with an Interest Period of more than three months’ duration, each day prior
to the last day of such Interest Period that occurs at intervals of three months’ duration after
the first day of such Interest Period.

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

     “JPMCB” means JPMorgan Chase Bank, N.A. and it successors.

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

 

10

     “LIBO Rate” means, with respect to any Eurocurrency Borrowing for any Interest Period, the
rate per annum determined by the Administrative Agent at approximately 11:00 a.m., London time, on
the Quotation Day for such Interest Period by reference to the British Bankers’ Association
Interest Settlement Rates for deposits in Dollars (as reflected on the applicable Telerate screen),
for a period equal to such Interest Period; provided that, to the extent that an interest rate is
not ascertainable pursuant to the foregoing provisions of this definition, the “LIBO Rate” shall be
the average (rounded upward, if necessary, to the next 1/100 of 1%) of the respective interest
rates per annum at which deposits in the currency of such Borrowing are offered for such Interest
Period to major banks in the London interbank market by JPMCB at approximately 11:00 a.m., London
time, on the Quotation Day for such Interest Period.

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

     “Loan Documents” means this Agreement and each promissory note delivered pursuant to this
Agreement, as such documents may be amended, modified, supplemented or restated from time to time.

     “Loan” means the loans made pursuant to Sections 2.01, 2.02 and 2.03.

     “Margin Stock” means “margin stock” as defined in Regulation U of the Board of Governors of
the Federal Reserve System.

     “Material Adverse Effect” means (a) any condition or change that has affected or would
reasonably be expected to affect materially and adversely the business, assets, liabilities or
financial condition of the Company and the Subsidiaries taken as a whole or (b) a material adverse
effect on the rights of or benefits available to the Administrative Agent or the Lenders under any
Loan Document.

     “Maturity Date” means January 30, 2008.

     “Other Taxes” means any and all present or future recording, stamp, documentary, excise,
transfer, sales, property or similar taxes, charges or levies arising from any payment made under
any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to,
any Loan Document.

     “PBGC” has the meaning assigned to such term in Section 3.10.

     “Permitted Encumbrances” means:

 

11

     (a) Liens imposed by law for taxes, assessments or other governmental charges that are
not yet due or are being contested in compliance with Section 5.03;

     (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like
Liens imposed by law, arising in the ordinary course of business and securing obligations
that are not overdue by more than 30 days, are in de minimis amounts or are
being contested in good faith and by appropriate proceedings with adequate reserves under
GAAP being provided therefor;

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

     (d) deposits to secure the performance of bids, trade contracts, leases, statutory
obligations, surety and appeal bonds, performance bonds and other obligations of a like
nature, in each case in the ordinary course of business;

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

     (f) easements, zoning restrictions, rights-of-way, minor defects or irregularities in
title and similar encumbrances on real property imposed by law or arising in the ordinary
course of business that do not secure any monetary obligations and do not interfere with
the ordinary conduct of business of the Company or any Subsidiary;

     (g) rights of set-off in favor of financial institutions (other than in respect of
amounts deposited to secure Indebtedness);

     (h) liens in the nature of trustee’s liens granted pursuant to any indenture securing
obligations to pay compensation to such trustee, to reimburse its expenses and to indemnify
it under the terms thereof;

     (i) licenses, leases or subleases (other than Capital Leases and other financing
leases) granted to third parties (other than to secure Indebtedness) not interfering in any
material respect with the business of the Company or any Subsidiary;

     (j) liens arising in connection with contracts with or made at the request of the
United States of America, any State of the United States of America or any department,
agency or instrumentality of the foregoing; and

     (k) liens arising from deposits with or the giving of any form of security to any
Governmental Authority required as a condition to the transaction of business or exercise
of any privilege, franchise or license;

 

12

provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness,
except for deposits specifically referenced in clauses (c), (d) and (k) hereof.

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

          “Plan” means, for the Company and each Subsidiary at any time, an employee pension benefit
plan which is covered by Title IV of ERISA or subject to the minimum funding standards under
Section 412 of the Code and either (a) is maintained by a member of the Controlled Group for
employees of a member of the Controlled Group, (b) is maintained pursuant to a collective
bargaining agreement or any other arrangement under which more than one employer makes
contributions and to which a member of the Controlled Group is then making or accruing an
obligation to make contributions or has within the preceding five plan years made contributions, or
(c) under which a member of the Controlled Group has any liability, including any liability by
reason of having been a substantial employer within the meaning of Section 4063 of ERISA at any
time during the preceding five years or by reason of being deemed a contributing sponsor under
Section 4069 of ERISA.

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

          “Property” means any interest in any kind of property or asset, whether real, personal or
mixed, or tangible or intangible, whether now owned or hereafter acquired.

          “Quotation Day” means, with respect to any Eurocurrency Borrowing and any Interest Period, the
day on which it is market practice in the relevant interbank market for prime banks to give
quotations for deposits in the currency of such Borrowing for delivery on the first day of such
Interest Period. If such quotations would normally be given by prime banks on more than one day,
the Quotation Day will be the last of such days.

          “Register” has the meaning set forth in Section 9.04.

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

          “Required Lenders” means, at any time, Lenders having Credit Exposures and unused Commitments
representing more than 50% of the sum of the total Credit Exposures and unused Commitments at such
time.

          “Sale-Leaseback Transaction” means any arrangement whereby the Company or a Subsidiary shall
sell or transfer any property, real or personal, used or

 

13

useful in its business, whether now owned or hereinafter acquired, and thereafter rent or
lease property that it intends to use for substantially the same purpose or purposes as the
property sold or transferred; provided that any such arrangement (a) involving no party other than
the Company and any Wholly Owned Subsidiary or (b) entered into within 180 days after the
acquisition, construction or substantial improvement of the subject property shall not be deemed to
be a “Sale-Leaseback Transaction”.

          “SEC” means the Securities and Exchange Commission or any successor.

          “Securitization” means the transfer or pledge of accounts receivable or interests in accounts
receivable (a) to a trust, partnership, corporation or other entity, which transfer or pledge is
funded by such entity in whole or in part by the issuance to one or more lenders or investors of
indebtedness or securities that are paid principally from the cash flow derived from such accounts
receivable or interests in accounts receivable, or (b) directly to an investor or other purchaser.

          “Significant Subsidiary” means (a) any Subsidiary that directly owns or Controls any other
Significant Subsidiary, (b) each Subsidiary identified as a Significant Subsidiary on Schedule
3.02, (c) any Subsidiary designated from time to time by the Company as a Significant Subsidiary by
written notice to the Administrative Agent and (d) any other Subsidiary (i) the consolidated net
sales of which were greater than 5% of the Company’s Consolidated Net Sales as of the last day of
the most recent fiscal period for which financial statements have been delivered pursuant to
Section 5.05(a) or (b) (or, prior to the first delivery of such financial statements, greater than
5% of the consolidated net sales of the Person in whose financial statements such Subsidiary is
included in the most recent financial statements referred to in Section 3.05(a) or (b)) or (ii) the
consolidated assets of which as of the last day of such fiscal period were greater than 5% of
Consolidated Total Assets as of such date (or, prior to the first delivery of such financial
statements, greater than 5% of the consolidated total assets of the Person in whose financial
statements such Subsidiary is included in the most recent financial statements referred to in
Section 3.05(a) or (b)). The Company will not permit the total consolidated assets or the
consolidated net sales of the Significant Subsidiaries (together with the directly owned assets of
the Company) to at any time represent less than 90% of Consolidated Total Assets or Consolidated
Net Sales of the Company and its Subsidiaries, respectively, in each case as of and for the period
of four fiscal quarters ended on the last day of the most recent fiscal period for which financial
statements have been delivered pursuant to Section 5.05(a) or (b) (or, prior to the first delivery
of such financial statements, the consolidated total assets or consolidated net sales as of such
date or for such period of the Persons in whose financial statements the Significant Subsidiaries
are included in the most recent financial statements referred to in Section 3.05(a) or (b)). For
purposes of making the determinations required by this definition, net sales and assets of foreign
Subsidiaries shall be converted into Dollars at the rates used in preparing the consolidated
balance sheet of the Company (or, prior to the first delivery of financial statements pursuant to
Section 5.05(a) or (b), the Person in whose financial statements such foreign Subsidiary is
included in the most recent financial statements referred to in Section 3.05(a) or (b)) included in
the applicable financial statements.

 

14

          “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is
the number one and the denominator of which is the number one minus the aggregate of the maximum
reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed
as a decimal established by the Board to which the Administrative Agent is subject, for
eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the
Board). Such reserve percentages shall include those imposed pursuant to such Regulation D.
Eurocurrency Loans shall be deemed to constitute eurocurrency funding and to be subject to such
reserve requirements without benefit of or credit for proration, exemptions or offsets that may be
available from time to time to any Lender under such Regulation D or any comparable regulation.
The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any
change in any reserve percentage.

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

          “Subsidiary” means any direct or indirect subsidiary of the Company.

          “Taxes” means any and all present or future taxes, levies, imposts, duties, deductions,
charges or withholdings imposed by any Governmental Authority.

          “Transactions” means the execution, delivery and performance by the Company of this Agreement
and the other Loan Documents in connection therewith, the borrowing of Loans, the use of the
proceeds thereof and the other transactions contemplated in connection therewith.

          “Type” when used in respect of any Loan or Borrowing, refers to the Rate (as defined therein)
by reference to which interest on such Loan or on the Loans comprising such Borrowing is
determined. For purposes hereof, “Rate” shall include Adjusted LIBO Rate and the Alternate
Base Rate.

          “Unfunded Vested Liabilities” means, for any Plan at any time, the amount (if any) by which
(a) the present value of all vested nonforfeitable accrued benefits under such Plan exceeds (b) the
fair market value of all Plan assets allocable to such benefits, all determined as of the then most
recent valuation date for such Plan, but only to the extent that such excess represents a potential
liability of a member of the Controlled Group to the PBGC or the Plan under Title IV of ERISA.

 

15

          “Voting Stock” of any Person means capital stock of any class of classes or other Equity
Interests (however designated) having ordinary voting power for the election of directors or the
equivalent governing body of such Person, other than stock or other Equity Interests having such
power only by reason of happening of a contingency.

          “Welfare Plan” means a “welfare plan” as defined in Section 3(l) of ERISA.

          “Wholly Owned Subsidiary” means any Subsidiary all the Equity Interests in which, other than
directors’ qualifying shares and/or other nominal amounts of Equity Interests that are required to
be held by Persons (other than the Company or its Wholly Owned Subsidiaries, as applicable) under
applicable law, are owned, directly or indirectly, by the Company.

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

          SECTION 1.03. Terms Generally. The definitions of terms herein shall apply equally to the
singular and plural forms of the terms defined. Whenever the context may require, any pronoun
shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the
context requires otherwise (a) any definition of or reference to any agreement, instrument or other
document herein shall be construed as referring to such agreement, instrument or other document as
from time to time amended, supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein), (b) any reference herein to any Person
shall be construed to include such Person’s successors and assigns, (c) the words “herein”,
“hereof” and “hereunder”, and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, (d) all references herein to
Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of,
and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property” shall be
construed to have the same meaning and effect and to refer to any and all tangible and intangible
assets and properties, including cash, securities, accounts and contract rights. Each reference
herein to the “knowledge” of the Company or any Subsidiary shall be deemed to be a reference to the
knowledge of any member of senior management of the Company or such Subsidiary, any Financial
Officer and, in the case of any reference to knowledge of any specific subject matter, the senior
manager of the department or office of the Company responsible for such matter.

          SECTION 1.04. Accounting Terms; GAAP. Except as otherwise expressly provided herein, all
terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect
from time to time; provided that, if the Company notifies the Administrative Agent that the Company
requests an amendment to any provision hereof to eliminate the effect of any change occurring after
the date hereof

 

16

in GAAP or in the application thereof on the operation of such provision (or if the
Administrative Agent notifies the Company that the Required Lenders request an amendment to any
provision hereof for such purpose), regardless of whether any such notice is given before or after
such change in GAAP or in the application thereof, then such provision shall be interpreted on the
basis of GAAP as in effect and applied immediately before such change shall have become effective
until such notice shall have been withdrawn or such provision amended in accordance herewith.

SECTION 1.05. Determinations Made in Good Faith. All determinations hereunder made by any
party hereto shall be made in good faith.

ARTICLE II

The Credits

          SECTION 2.01. Commitments. (a) Subject to the terms and conditions set forth herein, each
Lender agrees to make Loans to the Company from time to time during the Availability Period in
Dollars in an aggregate principal amount that will not result in (i) such Lender’s Credit Exposure
exceeding such Lender’s Commitment or (ii) the sum of the total Credit Exposures exceeding the
total Commitments.

          (b) Within the foregoing limits and subject to the terms and conditions set forth herein, the
Company may borrow, prepay and reborrow Loans during the Availability Period.

          SECTION 2.02. Loans and Borrowings. (a) Each Loan shall be made as part of a Borrowing
consisting of Loans made by the Lenders (or their Affiliates as provided in paragraph (b) below)
ratably in accordance with their respective Commitments. The failure of any Lender to make any Loan
required to be made by it shall not relieve any other Lender of its obligations hereunder; provided
that the Commitments of the Lenders are several and no Lender shall be responsible for any other
Lender’s failure to make Loans as required.

          (b) Subject to Section 2.11, each Borrowing shall be comprised entirely of Eurocurrency Loans
or ABR Loans, as the Company may request in accordance herewith. Each Lender at its option may
make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such
Loan; provided that any exercise of such option shall not affect the obligation of the Company to
repay such Loan in accordance with the terms of this Agreement.

          (c) At the commencement of each Interest Period for any Eurocurrency Borrowing, such Borrowing
shall be an integral multiple of $5,000,000 and not less than $25,000,000. At the time that each
ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple
of $1,000,000 and not less than $5,000,000; provided that an ABR Borrowing may be in an aggregate
amount that is equal to the entire unused balance of the total Commitments.

 

17

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

          SECTION 2.03. Requests for Borrowings. To request a Borrowing, the Company shall notify the
Administrative Agent of such request by telephone or by telecopy (a) in the case of a Eurocurrency
Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of
the proposed Borrowing and (b) in the case of an ABR Borrowing, not later than 11:00 a.m., New York
City time, on the Business Day of the proposed Borrowing. Each such Borrowing Request shall be
irrevocable and, if telephonic, shall be confirmed promptly by hand delivery or telecopy to the
Administrative Agent of a written Borrowing Request in a form agreed to by the Administrative Agent
and the Company and signed by the Company. Each such telephonic and written Borrowing Request shall
specify the following information in compliance with Section 2.02:

   (i) the aggregate amount of the requested Borrowing;

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

   (iii) the Type of the requested Borrowing;

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

   (v) the location and number of the Company’s account to which funds are to be
disbursed, which shall comply with the requirements of Section 2.05.

If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an
ABR Borrowing. If no Interest Period is specified with respect to any requested Eurocurrency
Borrowing, then the Company shall be deemed to have selected an Interest Period of one month’s
duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the
Administrative Agent shall advise each Lender of the details thereof and of the amount of such
Lender’s Loan to be made as part of the requested Borrowing.

          SECTION 2.04. Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it
hereunder on the proposed date thereof by wire transfer of immediately available funds in the
applicable currency by 1:00 p.m., New York City time, to the account of the Administrative Agent
most recently designated by it for such purpose by notice to the applicable Lenders. The
Administrative Agent will make such Loans available to the Company by promptly crediting the
amounts so received, in like funds, to an account of the Company maintained with the Administrative
Agent in New York City, and designated by the Company in the applicable Borrowing Request.

          (b) Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make

 

18

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

          SECTION 2.05. Interest Elections. (a) Each Borrowing initially shall be of the Type
specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing, shall
have an initial Interest Period as specified in such Borrowing Request. The Company may elect
different options with respect to different portions of the affected Borrowing, in which case each
such portion shall be allocated ratably among the Lenders holding the Loans comprising such
Borrowing, and any Loans resulting from an election made with respect to any such portion shall be
considered a separate Borrowing. Notwithstanding any other provision of this Section, no Borrowing
may be converted into or continued as a Borrowing with an Interest Period ending after the Maturity
Date.

          (b) To make an election pursuant to this Section, the Company shall notify the Administrative
Agent of such election by telephone or by telecopy by the time and date that a Borrowing Request
would be required under Section 2.03 if the Company were requesting a Borrowing of the Type
resulting from such election to be made on the effective date of such election. Each such Interest
Election Request shall be irrevocable and, if telephonic, shall be confirmed promptly by hand
delivery or telecopy to the Administrative Agent of a written Interest Election Request in a form
approved by the Administrative Agent and signed by the Company. Notwithstanding any other provision
of this Section, the Company shall not be permitted to elect an Interest Period for Eurocurrency
Loans that does not comply with Section 2.02(d).

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

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

 

19

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

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

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

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

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

          (e) If a Company fails to deliver a timely Interest Election Request with respect to a
Eurocurrency Borrowing prior to the end of the Interest Period applicable thereto, then, unless
such Borrowing is repaid as provided herein, at the end of such Interest Period, such Borrowing
shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event
of Default has occurred and is continuing and the Administrative Agent, at the request of the
Required Lenders, so notifies the Company, then, so long as an Event of Default is continuing (i)
no outstanding Borrowing may be converted to or continued as a Eurocurrency Borrowing and (ii)
unless repaid, each Eurocurrency Borrowing shall be converted to an ABR Borrowing at the end of the
Interest Period applicable thereto.

          SECTION 2.06. Termination and Reduction of Commitments; (a) Unless previously terminated,
the Commitments shall terminate on the Maturity Date.

          (b) The Company may at any time terminate, or from time to time reduce, the Commitments;
provided that (i) each reduction of the Commitments shall be in an amount that is an integral
multiple of $1,000,000 and not less than $5,000,000 and (ii) the Company shall not terminate or
reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in
accordance with Section 2.08, the sum of the Credit Exposures would exceed the sum of the
Commitments.

          (c) The Company shall notify the Administrative Agent of any election to terminate or reduce
the Commitments under paragraph (b) of this Section at least three Business Days prior to the
effective date of such termination or reduction, specifying such election and the effective date
thereof. The Company shall notify the Administrative Agent of any reduction of the Commitments
under paragraph (c) of this Section on or promptly after the effective date of such reduction,
specifying the effective date thereof. Promptly following receipt of any such notice, the
Administrative Agent shall advise the applicable Lenders of the contents thereof. Each notice
delivered by the Company pursuant to this Section shall be irrevocable; provided that a notice of

 

20

termination of the Commitments pursuant to paragraph (b) of this Section may state that such
notice is conditioned upon the effectiveness of other credit facilities, in which case such notice
may be revoked by the Company (by notice to the Administrative Agent on or prior to the specified
effective date) if such condition is not satisfied. Any termination or reduction of the
Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the
Lenders in accordance with their respective Commitments.

          SECTION 2.07. Repayment of Loans; Evidence of Debt. (a) The Company hereby unconditionally
promises to pay to the Administrative Agent for the account of each Lender the unpaid principal
amount of each Loan on the Maturity Date.

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

          (c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount
of each Loan made hereunder, the Type thereof and the Interest Period, if any, applicable thereto,
and (ii) the amount of any sum received by the Administrative Agent hereunder for the account of
the Lenders and each Lender’s share thereof.

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

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

          SECTION 2.08. Prepayment of Loans. (a) The Company shall have the right at any time and from
time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance
with paragraph (d) of this Section and payment of any amounts required under Section 2.13.

          (b) On the date of any reduction of the Commitments pursuant to Section 2.06(c), the Company
shall prepay Borrowings to the extent necessary in order that the

 

21

aggregate Credit Exposures will not exceed the aggregate Commitments after giving effect to
such reduction.

          (c) Prior to any optional or mandatory prepayment of Borrowings, the Company shall select the
Borrowing or Borrowings to be prepaid and shall specify such selection in the notice of such
prepayment pursuant to paragraph (d) below.

          (d) The Company shall notify the Administrative Agent by telephone (confirmed by telecopy) or
by telecopy of any prepayment hereunder (i) in the case of prepayment of a Eurocurrency Borrowing,
not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment,
or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City
time, on the Business Day of prepayment. Each such notice shall be irrevocable and shall specify
the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid;
provided that, if a notice of prepayment is given in connection with a conditional notice of
termination of the Commitments as contemplated by Section 2.06, then such notice of prepayment may
be revoked if such notice of termination is revoked in accordance with Section 2.06. Promptly
following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise
the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an
amount that would be permitted in the case of an advance of a Borrowing of the same Type as
provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans
included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the
extent required by Section 2.10.

          SECTION 2.09. Fees. (a) The Company agrees to pay to the Administrative Agent, for the
account of each Lender, a facility fee, which shall accrue at a rate equal to .045% per annum on
the daily amount of the Commitment of such Lender (whether used or unused) during the period from
and including the date of this Agreement to but excluding the Maturity Date; provided that, if such
Lender continues to have any Credit Exposure after the Maturity Date, then such facility fee shall
continue to accrue on the daily amount of such Lender’s Credit Exposure from and including the
Maturity Date to but excluding the date on which such Lender ceases to have any Credit Exposure.
Accrued facility fees shall be payable in arrears on the last day of March, June, September and
December of each year, on any date prior to the Maturity Date on which all the Commitments shall
have terminated and on the Maturity Date, commencing on the first such date to occur after the date
hereof; provided that any facility fees accruing after the Maturity Date shall be payable on
demand. All facility fees shall be computed on the basis of a year of 360 days and shall be
payable for the actual number of days elapsed (including the first day but excluding the last day).

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

          (c) All fees payable hereunder shall be paid on the dates due, in immediately available funds,
to the Administrative Agent for its own account or, in the

 

22

case of facility fees, for distribution to the Lenders. Fees paid shall not be refundable
under any circumstances.

          SECTION 2.10. Interest. (a) The Loans comprising each ABR Borrowing shall bear interest at
the Alternate Base Rate.

          (b) The Loans comprising each Eurocurrency Borrowing shall bear interest at the Adjusted LIBO
Rate for the Interest Period in effect for such Borrowing plus (i) .255% per annum for each day on
which the aggregate Credit Exposures are greater than 50% of the aggregate Commitments and (ii)
..205% per annum for each other day.

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

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

          (e) All interest hereunder shall be computed on the basis of a year of 360 days, and shall be
payable for the actual number of days elapsed (including the first day but excluding the last day).
The applicable Alternate Base Rate or Adjusted LIBO Rate shall be determined by the Administrative
Agent, and such determination shall be conclusive absent manifest error.

          SECTION 2.11. Alternate Rate of Interest. If prior to the commencement of any Interest Period
for a Eurocurrency Borrowing:

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

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

 

23

then the Administrative Agent shall give notice thereof to the Company and the Lenders by telephone
or telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the
Company and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any
Interest Election Request that requests the conversion of any Borrowing to, or continuation of any
Borrowing as, a Eurocurrency Borrowing shall be ineffective, and such Borrowing shall be converted
to or continued on the last day of the Interest Period applicable thereto as an ABR Borrowing and
(ii) if any Borrowing Request requests a Eurocurrency Borrowing, such Borrowing shall be made as an
ABR Borrowing (or such Borrowing shall not be made if the Company revokes (and in such
circumstances, such Borrowing Request may be revoked notwithstanding any other provision of this
Agreement) such Borrowing Request by telephonic notice, confirmed promptly in writing, not later
than one Business Day prior to the proposed date of such Borrowing).

          SECTION 2.12. Increased Costs. (a) If any Change in Law shall:

    (i) impose, modify or deem applicable any reserve, special deposit or similar
requirement against assets of, deposits with or for the account of, or credit extended by,
any Lender (except to the extent any such reserve requirement is reflected in the Adjusted
LIBO Rate); or

    (ii) impose on any Lender any other condition affecting this Agreement or Eurocurrency
Loans;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Eurocurrency Loan, or to increase the cost to such Lender or to reduce the amount
of any sum received or receivable by such Lender hereunder (whether of principal, interest or
otherwise), then the Company will pay to such Lender, as the case may be, such additional amount or
amounts as will compensate such Lender, as the case may be, on an after-tax basis for such
additional costs incurred or reduction suffered.

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

          (c) A certificate of a Lender setting forth the amount or amounts necessary to compensate such
Lender or its holding company, as the case may be, as specified in paragraph (a) or (b) of this
Section, together with supporting documentation or computations, shall be delivered to the Company
and shall be conclusive absent

 

24

manifest error. The Company shall pay such Lender the amount shown as due on any such
certificate within 10 Business Days after receipt thereof.

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

          SECTION 2.13. Break Funding Payments. In the event of (a) the payment of any principal of any
Eurocurrency Loan other than on the last day of an Interest Period applicable thereto (including as
a result of an Event of Default), (b) the conversion of any Eurocurrency Loan other than on the
last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or
prepay any Loan on the date specified in any notice delivered pursuant hereto (regardless of
whether such notice may be revoked under Section 2.08(d) and is revoked in accordance therewith),
or (d) the assignment of any Eurocurrency Loan or the right to receive payment other than on the
last day of the Interest Period, applicable thereto as a result of a request by the Company
pursuant to Section 2.16, then, in any such event, the Company shall compensate each Lender for the
loss, cost and expense attributable to such event. In the case of a Eurocurrency Loan, such loss,
cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be
the excess, if any, of (i) the amount of interest which would have accrued on the principal amount
of such Loan had such event not occurred at the Adjusted LIBO Rate that would have been applicable
to such Loan for the period from the date of such event to the last day of the then current
Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the
period that would have been the Interest Period for such Loan), over (ii) the amount of interest
which would accrue on such principal amount for such period at the interest rate which such Lender
would bid were it to bid, at the commencement of such period, for deposits in Dollars of a
comparable amount and period from other banks in the eurocurrency market. A certificate of any
Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this
Section, together with supporting documentation or computations, shall be delivered to the Company
and shall be conclusive absent manifest error. The Company shall pay such Lender the amount shown
as due on any such certificate within 10 Business Days after receipt thereof.

          SECTION 2.14. Taxes. (a) Any and all payments by or on account of any obligation of the
Company hereunder or under any other Loan Document shall be made free and clear of and without
deduction for any Indemnified Taxes or Other Taxes; provided that if the Company shall be required
to deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable shall
be increased as necessary so that after making all required deductions of Indemnified Taxes or
Other Taxes (including deductions applicable to additional sums payable under this Section) the
Administrative

 

25

Agent or Lender (as the case may be) receives an amount equal to the sum it would have
received had no such deductions been made, (ii) the Company shall make such deductions and (iii)
the Company shall pay the full amount deducted to the relevant Governmental Authority in accordance
with applicable law.

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

          (c) The Company shall indemnify the Administrative Agent and each Lender within 10 Business
Days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes
paid by the Administrative Agent, or such Lender, on or with respect to any payment by or on
account of any obligation of the Company hereunder or under any other Loan Document (including
Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under
this Section) and any penalties, interest and reasonable expenses arising therefrom or with respect
thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority. A certificate setting forth in reasonable detail
the amount and nature of such payment or liability delivered to the Company by a Lender, or by the
Administrative Agent on its own behalf or on behalf of a Lender shall be conclusive absent manifest
error.

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

          (e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax
under the law of the jurisdiction in which the Company is located, or any treaty to which such
jurisdiction is a party, with respect to payments under this Agreement shall deliver to the Company
(with a copy to the Administrative Agent), at the time or times prescribed by applicable law, such
properly completed and executed documentation prescribed by applicable law or reasonably requested
by the Company as will permit such payments to be made without withholding or at a reduced rate.

          (f) If the Administrative Agent or a Lender determines, in its sole discretion, that it has
received a refund of any Taxes or Other Taxes as to which it has been indemnified by a Company or
with respect to which a Company has paid additional amounts pursuant to this Section 2.14, it shall
pay over such refund to the Company (but only to the extent of indemnity payments made, or
additional amounts paid, by the Company under this Section 2.14 with respect to the Taxes or Other
Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent or
such Lender and without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund); provided, that the Company, upon the request of
Administrative Agent or such Lender, agree to repay the amount paid over to the Company (plus any
penalties, interest or other charges imposed by the relevant

 

26

Governmental Authority) to the Administrative Agent or such Lender in the event the
Administrative Agent or such Lender is required to repay such refund to such Governmental
Authority. This Section shall not be construed to require the Administrative Agent or any Lender
to make available its tax returns (or any other information relating to its taxes which it deems
confidential) to the Company or any other Person.

          SECTION 2.15. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) The Company
shall make each payment required to be made by it hereunder or under any other Loan Document
(whether of principal, interest or fees, amounts payable under Section 2.12, 2.13 or 2.14, or
otherwise) prior to 2:00 p.m., New York City time, on the date when due, in immediately available
funds, without set-off or counterclaim. Any amounts received after such time on any date may, in
the discretion of the Administrative Agent, be deemed to have been received on the next succeeding
Business Day for purposes of calculating interest thereon. All such payments shall be made to the
Administrative Agent to the account specified by it from time to time for such purpose for the
account of the applicable Lenders. The Administrative Agent shall distribute any such payments
received by it for the account of any other Person to the appropriate recipient promptly following
receipt thereof. If any payment under any Loan Document shall be due on a day that is not a
Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in
the case of any payment accruing interest, interest thereon shall be payable for the period of such
extension. All payments hereunder shall be made in Dollars. Any payment required to be made by
the Administrative Agent hereunder shall be deemed to have been made by the time required if the
Administrative Agent shall, at or before such time, have taken the necessary steps to make such
payment in accordance with the regulations or operating procedures of the clearing or settlement
system used by the Administrative Agent to make such payment.

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

          (c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Loans, resulting in such
Lender receiving payment of a greater proportion of the aggregate amount of its Loans and accrued
interest thereon than the proportion received by any other Lender, then the Lender receiving such
greater proportion shall purchase (for cash at face value) participations in the Loans and accrued
interest of other Lenders to the extent necessary so that the benefit of all such payments shall be
shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued
interest on their respective Loans, provided that (i) if any such participations are purchased and
all or any portion of the payment giving rise thereto is recovered, such participations shall be

 

27

rescinded and the purchase price restored to the extent of such recovery, without interest,
and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by
the Company pursuant to and in accordance with the express terms of this Agreement or any payment
obtained by a Lender as consideration for the assignment of or sale of a participation in any of
its Loans to any assignee or participant, other than to the Company or any Subsidiary or Affiliate
thereof (as to which the provisions of this paragraph shall apply). The Company consents to the
foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender
acquiring a participation pursuant to the foregoing arrangements may exercise against the Company
rights of set-off and counterclaim with respect to such participation as fully as if such Lender
were a direct creditor of the Company in the amount of such participation.

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

          (e) If any Lender shall fail to make any payment required to be made by it pursuant to Section
2.04(b) or paragraph (d) of this Section 2.15, then the Administrative Agent may, in its discretion
(notwithstanding any contrary provision hereof), apply any amounts thereafter received by the
Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such
Sections until all such unsatisfied obligations are fully paid.

          SECTION 2.16. Mitigation Obligations; Replacement of Lenders. (a) If any Lender requests
compensation under Section 2.12, or if the Company is required to pay any additional amount to any
Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.14, then
such Lender shall use reasonable efforts to designate a different lending office for funding or
booking its Loans hereunder or to assign its rights and obligations hereunder to another of its
offices, branches or affiliates, if, in the reasonable judgment of such Lender, such designation or
assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.12 or 2.14 as the
case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or
expense and would not otherwise be disadvantageous to such Lender. The Company hereby agrees to
pay all reasonable costs and expenses incurred by any Lender in connection with any such
designation or assignment.

          (b) If any Lender requests compensation under Section 2.12, or if the Company is required to
pay any additional amount to any Lender or any Governmental

 

28

Authority for the account of any Lender pursuant to Section 2.14, or if any Lender defaults in
its obligation to fund Loans hereunder, then the Company may, at its sole expense and effort, upon
notice to such Lender and the Administrative Agent, require such Lender to assign and delegate,
without recourse (in accordance with and subject to the restrictions contained in Section 9.04),
all its interests, rights and obligations under this Agreement to an assignee that shall assume
such obligations (which assignee may be another Lender, if a Lender accepts such assignment);
provided that (i) the Company shall have received the prior written consent of the Administrative
Agent, which consent shall not unreasonably be withheld, (ii) such Lender shall have received
payment of an amount equal to the outstanding principal of its Loans, accrued interest thereon,
accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of
such outstanding principal and accrued interest and fees) or the Company (in the case of all other
amounts) and (iii) in the case of any such assignment resulting from a claim for compensation under
Section 2.12 or payments required to be made pursuant to Section 2.14, such assignment will result
in a material reduction in such compensation, payments or additional interest.

ARTICLE III

Representations and Warranties

The Company represents and warrants to the Lenders that:

          SECTION 3.01. Organization and Qualification. The Company is duly organized, validly existing
and in good standing (to the extent such concept is relevant to such Person in its jurisdiction of
organization) under the laws of the jurisdiction of its organization, has full and adequate
corporate power to carry on its business as now conducted, and is duly licensed or qualified and,
to the extent relevant, in good standing in each jurisdiction in which the nature of the business
transacted by it or the nature of the Property owned or leased by it makes such licensing or
qualification necessary, except where such failure to be so licensed or qualified and in good
standing would not have a Material Adverse Effect.

          SECTION 3.02. Subsidiaries. Each Significant Subsidiary is duly organized, validly existing
and in good standing (to the extent such concept is relevant to such Person in its jurisdiction of
organization) under the laws of the jurisdiction of its organization, has the requisite power to
carry on its business as now conducted, and is duly licensed or qualified and in good standing in
each jurisdiction in which the nature of the business transacted by it or the nature of the
Property owned or leased by it makes such licensing or qualification necessary, except where such
failure would not have a Material Adverse Effect. All the issued and outstanding Equity Interests
in each Significant Subsidiary are validly issued and outstanding and fully paid and nonassessable
and all such shares owned by the Company or a Subsidiary are owned, beneficially and of record, by
the Company or such Subsidiary, free of any Lien other than Permitted Encumbrances. The
Significant Subsidiaries as of the date hereof are listed on Schedule 3.02.

 

29

          SECTION 3.03. Corporate Authority and Validity of Obligations. The Company has the requisite
right and authority to consummate the Transactions, to enter into this Agreement and each other
Loan Document to which it is a party, to make the Borrowings herein provided for, to issue its
notes in evidence thereof and to perform all of its obligations hereunder and under each other Loan
Document to which it is a party; each of the Transactions has been duly authorized by the Company
and the execution, delivery and performance of this Agreement and the other Loan Documents have
been duly authorized by all necessary corporate, company or partnership action by the Company and
constitute valid and binding obligations of the Company enforceable in accordance with their terms;
and none of the Transactions, this Agreement, the other Loan Documents and the performance or
observance by the Company or any Subsidiary of any of the matters or things herein or therein
provided for contravene any provision of law or judgment or any charter or by-law provision of the
Company or any material covenant, indenture or agreement of or affecting the Company or a
substantial portion of any of their respective Properties.

          SECTION 3.04. Margin Stock. None of the Company nor any of its Subsidiaries is engaged
principally, or as one of its primary activities, in the business of extending credit for the
purpose of purchasing or carrying Margin Stock, and neither the Company nor any of the Subsidiaries
will use the proceeds of any Loan in a manner that violates any provision of Regulation U or X of
the Board of Governors of the Federal Reserve System.

          SECTION 3.05. Financial Reports. The consolidated balance sheet of the Company and the
Subsidiaries and the related consolidated statements of earnings, shareholders’ equity and cash
flows of the Company and the Subsidiaries and accompanying notes thereto (i) as at December 31,
2005, and for the year then ended, which financial statements are accompanied by the report of
PriceWaterhouseCoopers LLP, and (ii) as at September 30, 2006, and for the fiscal quarter and the
portion of the fiscal year then ended, certified by the Company’s chief financial officer,
heretofore furnished to the Administrative Agent, fairly present in all material respects the
consolidated financial condition of the Company and the Subsidiaries as at such dates and their
consolidated results of operations, shareholders’ equity and cash flows for the periods then ended
in conformity with GAAP, subject to year-end adjustments and the absence of footnotes in the case
of the statements referred to in clause (ii) above.

          SECTION 3.06. No Material Adverse Change. Since September 30, 2006, there has not occurred or
become known any condition or change that has affected or would reasonably be expected to affect
materially and adversely the business, assets, liabilities or financial condition of the Company,
and its Subsidiaries taken as a whole.

          SECTION 3.07. Litigation. There is no litigation or governmental proceeding pending, or to
the knowledge of the Company threatened, against the Company or any Subsidiary (a) as to which
there is a reasonable possibility of an adverse determination and that, if adversely determined,
would reasonably be expected to impair the validity or enforceability of, or materially impair the
ability of the Company to perform its obligations under, this Agreement or any other Loan Document
or (b) except

 

30

as disclosed on Schedule 3.07 or in the Company’s Form 10-Ks and 10-Qs filed with the SEC
covering periods through September 30, 2006, would reasonably be expected to result in any Material
Adverse Effect.

SECTION 3.08. Tax Returns. Except as set forth on Schedule 3.08, the Company has filed
consolidated United States federal income tax returns for all taxable years ended on or before
December 31, 2005, and such returns of the Company for the taxable year ended January 3, 2004 and
all taxable years ended before such date have been examined and approved by the Internal Revenue
Service as filed, and any additional assessments for any such year have been paid or the applicable
statute of limitations therefor has expired. There are no assessments pending for the consolidated
United States federal income tax returns of the Company and the Subsidiaries of a material nature
for any taxable year ended after January 3, 2004, nor to the knowledge of the Company is any such
assessment threatened, other than those provided for by adequate reserves under GAAP.

SECTION 3.09. Approvals. No authorization, consent, license, exemption, filing or
registration with any court or governmental department, agency or instrumentality, or any other
Person, is necessary to the consummation of the Transactions or the valid execution, delivery or
performance by the Company of this Agreement or any other Loan Document except for those obtained
on or before the Effective Date or those the failure of which to obtain would not individually or
in the aggregate reasonably be expected to have a Material Adverse Effect.

SECTION 3.10. ERISA. The Company and each Subsidiary are in compliance in all material
respects with the Employee Retirement Income Security Act of 1974 (“ERISA”) to the extent
applicable to them and have received no notice to the contrary from the Pension Benefit Guaranty
Corporation or any successor thereto (“PBGC”). No condition exists or event or transaction has
occurred under or relating to any Plan which could reasonably be expected to result in the
incurrence by the Company or any Subsidiary of any material liability, fine or penalty. Except as
disclosed on Schedule 3.10 or the most recent audited consolidated annual financial statements of
the Company, neither the Company nor any Subsidiary has any material contingent liability for any
post-retirement benefits under a Welfare Plan, other than liability for continuation coverage
described in Part 6 of Title 1 of ERISA.

SECTION 3.11. Environmental Matters. Except as set forth on Schedule 3.11, or except with
respect to any other matters that, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect, none of the Company and its Subsidiaries (a) has
failed to comply with any Environmental Laws or to obtain, maintain or comply with any permit,
license or other approval required under any Environmental Laws, (b) has become subject to any
liability under any Environmental Laws, (c) has received notice of any claim with respect to any
Environmental Laws or (d) knows of any basis for any liability under any Environmental Laws.

 

31

          SECTION 3.12. Properties. (a) Each of the Company and its Subsidiaries has good title to, or
valid leasehold interests in, all its real and personal property material to its business, subject
only to Liens permitted by Section 6.02 and except for defects in title that could not individually
or in the aggregate reasonably be expected to result in a Material Adverse Effect.

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

          SECTION 3.13. Compliance with Laws. Each of the Company and its Subsidiaries is in compliance
with all laws, regulations and orders of the Food and Drug Administration and each other
Governmental Authority applicable to it or its property, except where the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect.

          SECTION 3.14. Investment Company Status. None of the Company and its Subsidiaries is an
“investment company” as defined in, or subject to regulation under, the Investment Company Act of
1940.

          SECTION 3.15. Disclosure. None of the reports, financial statements, certificates or other
information furnished by or on behalf of the Company to the Administrative Agent or any Lender in
connection with the negotiation of this Agreement or delivered hereunder (as modified or
supplemented by other information so furnished) contains any material misstatement of fact or omits
to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided that, with respect to projected
financial information, the Company represents only that such information was prepared in good faith
based upon assumptions believed to be reasonable at the time (it being understood that such
projections are subject to significant uncertainties and contingencies, many of which are beyond
the Company’s control, and that no assurance can be given that such projections will be realized).

ARTICLE IV

Conditions

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

   (a) The Administrative Agent (or its counsel) shall have received from each party
hereto either (i) a counterpart of this Agreement signed on behalf of such party or (ii)
written evidence satisfactory to the Administrative Agent (which

 

32

may include telecopy transmission of a signed signature page of this Agreement) that
such party has signed a counterpart of this Agreement.

   (b) The Administrative Agent shall have received a favorable written opinion
(addressed to the Administrative Agent and the Lenders and dated the Effective Date) of
each of (i) Gary H. Pilnick, Senior Vice President, General Counsel, Corporate Development
and Secretary of the Company, substantially in the form of Exhibit B-1, and (ii) Kirkland &
Ellis LLP, counsel for the Company, substantially in the form of Exhibit B-2. The Company
hereby requests such counsel to deliver such opinion.

   (c) The Administrative Agent shall have received such documents and certificates as
the Administrative Agent or its counsel may reasonably request relating to the
organization, existence and good standing of the Company and the authorization of the
Transactions, all in form and substance reasonably satisfactory to the Administrative Agent
and its counsel.

   (d) The Administrative Agent shall have received a certificate, dated the Effective
Date and signed by the President, a Vice President or a Financial Officer of the Company,
confirming compliance with the conditions set forth in paragraphs (a) and (b) of Section
4.02, with references therein to the date of such Borrowing to be references to the
Effective Date, and without giving effect to the parenthetical in Section 4.02(a).

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

The Administrative Agent shall notify the Company and the Lenders of the Effective Date, and such
notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the
Lenders to make Loans hereunder shall not become effective unless each of the foregoing conditions
is satisfied (or waived pursuant to Section 9.02) at or prior to 5:00 p.m., New York City time, on
January 31, 2007 (and, in the event such conditions are not so satisfied or waived, the Commitments
shall terminate at such time).

          SECTION 4.02. Each Borrowing. The obligation of each Lender to make any Loan is subject to
the satisfaction (or waiver in accordance with Section 9.02) of the following conditions:

          (a) The representations and warranties (other than those set forth in Sections 3.06 and 3.07)
of the Company set forth in the Loan Documents shall be true and correct in all material respects
on and as of the date of such Borrowing.

          (b) At the time of and immediately after giving effect to such Borrowing, no Default shall
have occurred and be continuing.

 

33

Each Borrowing shall be deemed to constitute a representation and warranty by the Company on the
date thereof as to the matters specified in paragraphs (a) and (b) of this Section.

ARTICLE V

Affirmative Covenants

          Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder shall have been paid in full, the Company covenants and
agrees with the Lenders as to itself and its subsidiaries that:

          SECTION 5.01. Corporate Existence. The Company shall, and shall cause each Significant
Subsidiary to, preserve and maintain its corporate existence, subject to the provisions of Section
6.04.

          SECTION 5.02. Maintenance. The Company will maintain, preserve and keep its Property
necessary to the proper conduct of its business in reasonably good repair, working order and
condition (ordinary wear and tear and damage by casualty excepted) and will from time to time make
all necessary repairs, renewals, replacements, additions and betterments thereto so that in the
judgment of the Company at all times such Property shall be reasonably preserved and maintained,
and will cause each Significant Subsidiary so to do for Property owned or used by it, except where
the failure of which to maintain or preserve could not reasonably be expected to have a Material
Adverse Effect; provided, however, that nothing in this Section 5.02 shall prevent the Company or a
Significant Subsidiary from discontinuing the operation or maintenance of any such Property if such
discontinuance is, in the judgment of the Company, desirable in the conduct of its business or the
business of the Subsidiary and in the reasonable opinion of the Company is not disadvantageous in
any material respect to the Lenders.

          SECTION 5.03. Taxes. The Company will duly pay and discharge, and will cause each Subsidiary
to pay and discharge, all material taxes, rates, assessments, fees and governmental charges upon or
against the Company or such Subsidiary or against their respective Property, in each case before
the same becomes delinquent and before penalties accrue thereon, unless and to the extent that (a)
the same is being contested in good faith and by appropriate proceedings and adequate reserves
under GAAP are provided therefor or (b) the same could not reasonably be expected to give rise to a
Lien that would not be permitted under Section 6.02(d).

          SECTION 5.04. Insurance. The Company will insure, and keep insured, and will cause each
Subsidiary to insure, and keep insured, with reputable insurance companies, all insurable Property
owned by it which is of a character usually insured by companies similarly situated and operating
like Property. To the extent usually insured (subject to self-insured retentions) by companies
similarly situated and conducting similar businesses, the Company will also insure, and cause each
Subsidiary to insure, employers’ and public and product liability risks with reputable insurance
companies. The Company will upon request of the Administrative Agent furnish to the

 

34

Administrative Agent, for distribution to each Lender, a summary setting forth the nature and
extent of the insurance maintained pursuant to this Section 5.04.

          SECTION 5.05. Financial Reports and Other Information. The Company will, and will cause each
Subsidiary to, maintain a standard system of accounting substantially in accordance with GAAP and
will furnish to the Lenders and their respective duly authorized representatives such information
respecting the business and financial condition of the Company and the Subsidiaries as they may
reasonably request; and without any request will furnish to the Administrative Agent, which will
make available by means of electronic posting to each Lender:

   (a) within 60 days after the end of each of the first three quarterly fiscal periods
of the Company, a copy of the Company’s Form 10-Q Report filed with the SEC;

   (b) within 120 days after the end of each fiscal year of the Company, a copy of the
Company’s Form 10-K Report filed with the SEC, including a copy of the annual report of the
Company and the Subsidiaries for such year with accompanying financial statements, prepared
by the Company and certified by independent public accountants of recognized standing, in
accordance with GAAP;

   (c) promptly after the sending or filing thereof, copies of all proxy statements,
financial statements and reports the Company sends to its shareholders, and copies of all
other regular, periodic and special reports and all registration statements the Company
files with the SEC, or with any national securities exchange;

   (d) promptly following a request therefor, any documentation or other information that
a Lender reasonably requests in order to comply with its ongoing obligations under
applicable “know your customer” and anti-money laundering rules and regulations, including
the USA Patriot Act; and

   (e) promptly after the Company has knowledge thereof, notice (including a description
in reasonable detail) of the occurrence of any Default or Event of Default.

In addition, in the event that Subsidiaries not constituting Significant Subsidiaries shall at any
time (as a result of any acquisition or disposition of any Person or line of business involving any
party other than the Company and the Subsidiaries or any reorganization of the Company or any
Subsidiaries) represent more than 10% of Consolidated Total Assets or Consolidated Net Sales as of
such date or for such period, the Company will promptly designate additional Significant
Subsidiaries by written notice to the Administrative Agent until such excess has been eliminated.

          Each of the financial statements furnished to the Lenders pursuant to subsections (a) and (b)
of this Section 5.05 shall be accompanied by a compliance certificate in substantially the form of
Exhibit C signed by a Financial Officer of the

 

35

Company. Each financial statement furnished to the Lenders pursuant to subsection (b) of this
Section 5.05 shall also be accompanied by a certificate signed by a Financial Officer of the
Company confirming compliance with the requirements set forth in the definition of “Significant
Subsidiary” and in the last sentence of the immediately preceding paragraph, attaching a revised
form of Schedule 3.02 showing all additions to and removals from the Significant Subsidiaries since
the date of the most recently delivered form of Schedule 3.02 (or confirming that there have been
no changes from such most recently delivered form of Schedule 3.02). If the Company is no longer
required to file Form 10-Q and 10-K Reports with the SEC, the Company will nevertheless furnish to
the Lenders at the time herein above set forth all the financial and other information that would
have comprised such filings.

          Information required to be delivered pursuant to this Section shall be deemed to have been
delivered on the date on which the Company provides notice to the Lenders that such information has
been posted on the Company’s website on the Internet
at http://www.kelloggs.com or at the
appropriate Company designated website at http://www.sec.gov or
http://intralinks.com; provided that the Company shall deliver paper copies of the
information referred to in this Section after the date delivery is required thereunder to any
Lender which requests such delivery within 5 Business Days after such request.

          SECTION 5.06. Books and Records; Inspection Rights. The Company will, and will cause each of
its Subsidiaries to, keep proper books of record and account in which in all material respects
full, true and correct entries are made of all dealings and transactions in relation to its
business and activities as consistent with good business practices in the judgment of the Company.
The Company will, and will cause each of its Subsidiaries to, permit any representatives designated
by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its
properties, to examine and make extracts from its books and records, and to discuss its affairs,
finances and condition with its independent accountants (upon reasonable notice to the Company and
with its officers permitted to be present at such times) and its officers, all at such reasonable
times and as often as reasonably requested.

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

ARTICLE VI

Negative Covenants

          Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder shall have been paid in full, the Company covenants and
agrees with the Lenders as to itself and its subsidiaries that:

 

36

          SECTION 6.01. Indebtedness. The Company will not, and will not permit any Subsidiary to,
create, incur, assume or permit to exist at any time:

     (a) any Indebtedness of the Company secured by any Lien encumbering any asset of the
Company or any Subsidiary (other than Indebtedness of the Company set forth on Schedule
6.01);

     (b) any Indebtedness of any Subsidiary (other than (i) Indebtedness under this
Agreement, (ii) the Indebtedness of any Subsidiary set forth on Schedule 6.01, (iii)
Indebtedness to the Company or any other Wholly Owned Subsidiary and (iv) Indebtedness of
any Person that becomes a Subsidiary after the date hereof that existed at the time such
Person became a Subsidiary and was not created in contemplation of or in connection with
such Person becoming a Subsidiary); or

     (c) any Capital Lease Obligation;

if such creation, incurrence, assumption or existence would result in the sum, without duplication,
of (i) the aggregate principal amount of Indebtedness outstanding under clauses (a), (b) and (c)
above, (ii) the aggregate principal amount of outstanding obligations secured by Liens permitted by
Section 6.02(d), (iii) the aggregate amount of the Financed Portions of all outstanding
Securitizations and (iv) the outstanding Attributable Debt in respect of Sale-Leaseback
Transactions permitted by Section 6.03(b) exceeding 15% of Consolidated Total Assets as of the most
recent fiscal quarter end for which financial statements for the Company and its Subsidiaries are
available.

          SECTION 6.02. Liens. The Company will not, and will not permit any Subsidiary to, create,
incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired
by it, or assign or sell any income or revenues (including accounts receivable) or rights in
respect of any thereof, except:

     (a) Permitted Encumbrances and Liens solely for the benefit of the Company or any
Wholly Owned Subsidiary;

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

     (c) any Lien existing on any property or asset prior to the acquisition thereof by the
Company or any Subsidiary or existing on any property or asset of any Person that becomes a
Subsidiary after the date hereof prior to the time such Person becomes a Subsidiary;
provided that (i) such Lien is not created in contemplation of or in connection with such
acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall
not apply to any other property or assets of the Company or any Subsidiary and (iii) such
Lien shall

 

37

secure only those obligations which it secures on the date of such acquisition or the
date such Person becomes a Subsidiary, as the case may be and extensions, renewals and
replacements thereof that do not increase the outstanding principal amount thereof; and

          (d) Liens not expressly permitted by clauses (a) through (c) above and
Securitizations; provided that the sum, without duplication, at any time of (i) the
aggregate principal amount of Indebtedness outstanding under Sections 6.01(a), (b) and (c),
(ii) the aggregate principal amount of outstanding obligations secured by Liens permitted
by this clause (d), (iii) the aggregate amount of the Financed Portions of all outstanding
Securitizations and (iv) the outstanding Attributable Debt in respect of Sale-Leaseback
Transactions permitted by Section 6.03(b) shall not exceed 15% of Consolidated Total Assets
as of the most recent fiscal quarter end for which financial statements for the Company and
its Subsidiaries are available.

          SECTION 6.03. Sale and Leaseback Transactions. The Company will not, and will not permit any
of its Subsidiaries to, enter into any Sale-Leaseback Transaction except:

     (a) Sale-Leaseback Transactions existing on the date hereof and set forth on Schedule
6.03; and

     (b) other Sale-Leaseback Transactions; provided that the sum, without duplication, at
any time of (i) the aggregate principal amount of Indebtedness outstanding under Sections
6.01(a), (b) and (c), (ii) the aggregate principal amount of outstanding obligations
secured by Liens permitted by Section 6.02(d), (iii) the aggregate amount of the Financed
Portions of all outstanding Securitizations and (iv) the aggregate outstanding Attributable
Debt in respect of Sale-Leaseback Transactions permitted by this clause (b) does not at any
time exceed 15% of Consolidated Total Assets as of the most recent fiscal quarter end for
which financial statements for the Company and its Subsidiaries are available.

          SECTION 6.04. Fundamental Changes. (a) The Company will not merge into or consolidate with
any other Person, or permit any other Person to merge into or consolidate with it, or sell,
transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or
substantially all of its assets (whether now owned or hereafter acquired and whether directly or
through any merger or consolidation of, or any sale, transfer, lease or other disposition of Equity
Interests in, or the assets of, any Subsidiary), or liquidate or dissolve, except that, if at the
time thereof and immediately after giving effect thereto no Default shall have occurred and be
continuing (i) any Person may merge into the Company in a transaction in which the Company is the
surviving corporation, (ii) any Person (other than the Company) may merge into any Subsidiary in a
transaction in which the surviving entity is a Subsidiary, (iii) any Subsidiary may sell, transfer,
lease or otherwise dispose of its assets to the Company or to another Subsidiary and (iv) any
Subsidiary may liquidate or dissolve if the Company determines in good

 

38

faith that such liquidation or dissolution is in the best interests of the Company and is not
materially disadvantageous to the Lenders.

          (b) The Company will not, and will not permit any of its Subsidiaries to, engage to any
material extent in any business other than businesses of the type conducted by the Company and its
Subsidiaries on the date of execution of this Agreement and businesses reasonably related,
ancillary, similar or supportive thereto.

          SECTION 6.05. Use of Proceeds. The proceeds of the Loans will be used only to provide
liquidity in connection with the Company’s commercial paper program and for other general corporate
purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, for
any purpose that entails a violation of any of the Regulations of the Board, including Regulations
U and X. Following the application of the proceeds of each Loan, not more than 25% of the value of
the assets of the Company and its Subsidiaries which are subject to any arrangement hereunder
whereby the Company’s or any Subsidiary’s right or ability to sell, pledge or otherwise dispose of
assets is in any way restricted will be Margin Stock.

          SECTION 6.06. Interest Expense Coverage Ratio. The Company will not permit the ratio of (a)
Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four
consecutive fiscal quarters ending on or after the last day of the first fiscal quarter beginning
after the Effective Date, to be less than 4.0 to 1.0.

ARTICLE VII

Events of Default

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

     (a) (i) default in the payment when due of any principal on any Loan when and as the
same shall become due and payable, whether on the date thereof or at a date fixed for
prepayment thereof or otherwise, or (ii) default for a period of five days in the payment
when due of interest on any Loan, or (iii) default for a period of 10 days in the payment
when due of any other sum required to be paid pursuant to this Agreement;

     (b) default by the Company in the observance or performance of any of the covenants
set forth in Sections 5.01 (with respect to the Company’s existence) or 5.05(e) or in
Article VI;

     (c) default by the Company in the observance or performance of any other provision
hereof not mentioned in (a) or (b) above, which is not remedied within 30 days after notice
thereof to the Company by the Administrative Agent or any Lender;

     (d) any representation or warranty made (or deemed made) herein by the Company, or in
any statement or certificate furnished by the Company pursuant

 

39

hereto or in connection with any Loan, proves untrue in any material respect as of the
date of the issuance or making (or deemed making) thereof;

     (e) default in the payment when due, after any applicable grace period, of any
Indebtedness or any amount due under any Hedging Agreement the Dollar Equivalent of the
aggregate principal amount of which exceeds $50,000,000 (the “Aggregate Amount”) issued,
assumed or guaranteed by the Company or any Subsidiary (other than Indebtedness owing by
any Subsidiary to the Company or to another Subsidiary); or default or other event under
any indenture, agreement or other instrument under which any such Indebtedness is
outstanding or under any such Hedging Agreement, and such default or event shall result in
the acceleration of the maturity or the required redemption or repurchase of Indebtedness,
or the early termination of and a required payment under such Hedging Agreement, exceeding
in the aggregate such Aggregate Amount;

     (f) any “reportable event” (as defined in ERISA) which constitutes grounds for the
termination of any Plan by the PBGC, or for the appointment by an appropriate court of a
trustee to administer or liquidate any Plan, or could reasonably be expected to result in a
Material Adverse Effect, shall have occurred and be continuing 30 days after written notice
to such effect shall have been given to the Company by the Administrative Agent; or any
Plan shall be terminated by the PBGC; or a trustee shall be appointed to administer any
Plan; or the PBGC shall institute proceedings to administer or terminate any Plan; and in
the case of any such event the aggregate amount of unfunded liabilities under any affected
Plan shall exceed (either singly or in the aggregate in the case of any such liability
arising under more than one Plan) $50,000,000; or the Company or any of its Subsidiaries or
any member of the Controlled Group of any of them shall withdraw (completely or partially)
from any “multiemployer plan” (as defined in Section 4001(a)(3) of ERISA) and the aggregate
amount of the liability of the Company and its Subsidiaries to such plan under Title IV of
ERISA shall exceed (either singly or in the aggregate in the case of any such liability
arising under more than one such plan) $50,000,000;

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

     (h) the Company or any Significant Subsidiary shall (i) voluntarily commence any
proceeding or file any petition seeking liquidation, reorganization or other relief under
any Federal, state or foreign bankruptcy, insolvency,

 

40

receivership or similar law now or hereafter in effect, (ii) consent to the
institution of, or fail to contest in a timely and appropriate manner, any proceeding or
petition described in clause (h) of this Article, (iii) apply for or consent to the
appointment of a receiver, trustee, custodian, sequestrator, conservator or similar
official for the Company or any Significant Subsidiary or for a substantial part of its
assets, (iv) file an answer admitting the material allegations of a petition filed against
it in any such proceeding, (v) make a general assignment for the benefit of creditors or
(vi) take any action for the purpose of effecting any of the foregoing;

     (i) the Company or any Significant Subsidiary shall become unable, admit in writing
its inability or fail generally to pay its debts as they become due;

     (j) one or more judgments for the payment of money in an aggregate amount in excess of
$75,000,000 (except to the extent covered by insurance as to which the insurer has
acknowledged such coverage in writing) shall be rendered against the Company, any
Subsidiary or any combination thereof and the same shall remain undischarged for a period
of 45 consecutive days during which execution shall not be effectively stayed, or any
action shall be legally taken by a judgment creditor to attach or levy upon any assets of
the Company or any Subsidiary to enforce any such judgment;

     (k) a Change in Control shall occur; or

     (l) an event of default under the Existing Credit Agreement shall occur and be
continuing;

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

 

41

ARTICLE VIII

The Agent

          In order to expedite the transactions contemplated by this Agreement, JPMCB is hereby
appointed to act as Administrative Agent on behalf of the Lenders. Each of the Lenders hereby
irrevocably authorizes the Administrative Agent to take such actions on its behalf and to exercise
such powers as are delegated to the Administrative Agent by the terms of the Loan Documents,
together with such actions and powers as are reasonably incidental thereto.

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

          The Administrative Agent shall not have any duties or obligations except those expressly set
forth in the Loan Documents. Without limiting the generality of the foregoing, the Administrative
Agent (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a
Default has occurred and is continuing, (b) shall not have any duty to take any discretionary
action or exercise any discretionary powers, except discretionary rights and powers expressly
contemplated by the Loan Documents that the Administrative Agent is required to exercise in writing
by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary
under the circumstances as provided in Section 9.02), and (c) except as expressly set forth in the
Loan Documents, shall not have any duty to disclose, and shall not be liable for the failure to
disclose, any information relating to the Company or any Subsidiary that is communicated to or
obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The
Administrative Agent shall not be liable for any action taken or not taken by it with the consent
or at the request of the Required Lenders (or such other number or percentage of the Lenders as
shall be necessary under the circumstances as provided in Section 9.02) or in the absence of its
own bad faith, gross negligence or wilful misconduct. The Administrative Agent shall not be deemed
to have knowledge of any Default unless and until written notice thereof is given to the
Administrative Agent by the Company or a Lender, shall not be responsible for or have any duty to
ascertain or inquire into (i) any statement, warranty or representation made in or in connection
with any Loan Document, (ii) the contents of any certificate, report or other document delivered
hereunder or in connection herewith, (iii) the performance or observance of any of the covenants,
agreements or other terms or conditions set forth in any Loan Document, (iv) the validity,
enforceability, effectiveness or genuineness of any Loan Document or any other agreement,
instrument or document, or (v) the satisfaction of any condition set forth in Article IV or
elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be
delivered to the Administrative Agent.

 

42

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

          The Administrative Agent may perform any and all its duties and exercise its rights and powers
by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative
Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers
through their respective Related Parties. The exculpatory provisions of the preceding paragraphs
and the provisions of Section 9.03 shall apply to any such sub-agent and to the Related Parties of
the Administrative Agent and any such sub-agent, and shall apply to their respective activities in
connection with the syndication of the credit facilities provided for herein as well as activities
as the Administrative Agent.

          Subject to the appointment and acceptance of a successor Administrative Agent as provided in
this paragraph, the Administrative Agent may resign at any time by notifying the Lenders and the
Company. Upon any such resignation, the Required Lenders shall have the right (in consultation
with, and with the consent of, the Company, which shall not be unreasonably withheld) to appoint a
successor. If no successor shall have been so appointed by the Required Lenders and shall have
accepted such appointment within 30 days after the retiring Administrative Agent gives notice of
its resignation, then the retiring Administrative Agent may (in consultation with, and (unless an
Event of Default has occurred and is continuing pursuant to Article VII), with the consent of the
Company, which shall not unreasonably withhold such consent and which shall, if the retiring
Administrative Agent shall so request, designate and approve a successor Administrative Agent) on
behalf of the Lenders, appoint a successor Administrative Agent which shall be a bank with an
office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its
appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and
become vested with all the rights, powers, privileges and duties of the retiring Administrative
Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations
hereunder. The fees payable by the Company to a successor Administrative Agent shall be the same
as those payable to its predecessor unless otherwise agreed between the Company and such successor.
After an Administrative Agent’s resignation hereunder, the provisions of this Article and Section
9.03 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents
and their respective Related Parties in respect of any actions taken or omitted to be taken by any
of them while it was acting as Administrative Agent.

          Each Lender acknowledges that it has, independently and without reliance upon the
Administrative Agent or any other Lender and based on such documents and

 

43

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

          The institutions named as Syndication Agent in the heading of this Agreement shall not, in
their capacities as such, have any duties or responsibilities of any kind under this Agreement.

ARTICLE IX

Miscellaneous

          SECTION 9.01. Notices. Except in the case of notices and other communications expressly
permitted to be given by telephone, all notices and other communications provided for herein shall
be in writing and shall be delivered by hand or overnight courier service, mailed by certified or
registered mail or sent by telecopy, as follows:

     (a) if to the Company, to it at One Kellogg Square, P.O. Box 3599, Battle Creek, MI
49016-3599, Attention of each of the Treasurer and the General Counsel (Telecopy No. (616)
961-3494);

     (b) if to the Administrative Agent, to JPMorgan Chase Bank, N.A., Loan and Agency
Services Group, 1111 Fannin Street, 10th Floor, Houston, Texas 77002, Attention of Cherry
Arnaez (Telecopy No. (713) 750-2782), with a copy to JPMorgan Chase Bank, N.A., 270 Park
Avenue, 4th Floor, New York 10017, Attention of Laura Cumming (Telecopy No. (212)
270-5100); and

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

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

          SECTION 9.02. Waivers; Amendments. (a) No failure or delay by the Administrative Agent, any
Lender in exercising any right or power hereunder or under any other Loan Document shall operate as
a waiver thereof, nor shall any single or partial exercise of any such right or power, or any
abandonment or discontinuance of steps to enforce such a right or power, preclude any other or
further exercise thereof or the exercise of any other right or power. The rights and remedies of
the Administrative Agent and the Lenders hereunder and under any other Loan Documents are
cumulative and are not exclusive of any rights or remedies that they would otherwise have. No

 

44

waiver of any provision of any Loan Document or consent to any departure by the Company
therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of
this Section, and then such waiver or consent shall be effective only in the specific instance and
for the purpose for which given. Without limiting the generality of the foregoing, the making of a
Loan shall not be construed as a waiver of any Default, regardless of whether the Administrative
Agent or any Lender may have had notice or knowledge of such Default at the time.

          (a) Neither this Agreement nor any other Loan Document nor any provision hereof or thereof may
be waived, amended or modified except pursuant to an agreement or agreements in writing entered
into by the Company and the Required Lenders or by the Company and the Administrative Agent with
the written consent of the Required Lenders; provided that no such agreement shall (i) increase the
Commitment of any Lender without the written consent of such Lender, (ii) reduce the principal
amount of any Loan or reduce the rate of interest thereon, or reduce any fees payable to any Lender
hereunder, without the written consent of each Lender affected thereby, (iii) postpone the
scheduled date of payment of the principal amount of any Loan, or any interest thereon, or any fees
payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the
scheduled date of expiration of any Commitment, without the written consent of each Lender affected
thereby, (iv) waive or change (x) Section 2.15(b) or (c) or any other provision providing for the
pro rata nature of sharing payments among the Lenders in a manner that would alter the pro rata
sharing of payments required thereby or (y) Section 2.02 or any other provision providing for the
pro rata nature of disbursements by the Lenders, in a manner that would alter the requirement that
such disbursements be made pro rata, in each case without the written consent of each Lender
affected thereby, (v) waive or change Section 2.06(d) in a manner that would alter the pro rata
reduction of the Commitments required thereby, without the written consent of each Lender affected
thereby, or (vi) waive or change any of the provisions of this Section or the definition of
“Required Lenders” or any other provision of any Loan Document specifying the number or percentage
of Lenders required to waive, amend or modify any rights hereunder or make any determination or
grant any consent hereunder, without the written consent of each Lender; provided further that no
such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative
Agent hereunder without the prior written consent of the Administrative Agent. Notwithstanding the
foregoing, any provision of this Agreement may be amended by an agreement in writing entered into
by the Company, the Required Lenders and the Administrative Agent if (i) by the terms of such
agreement the Commitment of each Lender not consenting to the amendment provided for therein shall
terminate upon the effectiveness of such amendment and (ii) at the time such amendment becomes
effective, each Lender not consenting thereto receives payment in full of the principal of and
interest accrued on each Loan made by it and all other amounts owing to it or accrued for its
account under this Agreement.

          SECTION 9.03. Expenses; Indemnity; Damage Waiver. (a) The Company shall pay (i) all
reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates,
including the reasonable fees, charges and disbursements of one outside counsel for the
Administrative Agent, in connection with

 

45

the syndication of the credit facilities provided for herein, the preparation and
administration of the Loan Documents or any amendments, modifications or waivers (requested by or
for the benefit of the Company) of the provisions hereof (whether or not the transactions
contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses
incurred by the Administrative Agent or any Lender, including the fees, charges and disbursements
of any counsel for the Administrative Agent or any Lender, in connection with the enforcement or
protection of its rights in connection with the Loan Documents, including its rights under this
Section, or in connection with the Loans made, including all such reasonable out-of-pocket expenses
incurred during any workout, restructuring or negotiations in respect of such Loans.

          (b) The Company shall indemnify the Administrative Agent and each Lender, and each Related
Party of any of the foregoing Persons involved directly or indirectly in the Transactions (each
such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and
all losses, claims, damages, liabilities and related expenses (other than Excluded Taxes),
including the fees, charges and disbursements of any counsel for any Indemnitee, incurred by or
asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the
execution or delivery of any Loan Document or any agreement or instrument contemplated thereby, the
performance by the parties to the Loan Documents of their respective obligations thereunder or the
consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan,
(iii) any actual or alleged presence or release of Hazardous Materials on or from any property
owned or operated by the Company or any of its Subsidiaries, or any Environmental Liability related
in any way to the Company or any of its Subsidiaries, or (iv) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto (and
whether brought by a third party or by the Company or any Affiliate of the Company, it being
understood that nothing herein shall relieve any Lender of liability for a breach of its agreements
contained herein); provided that such indemnity shall not, as to any Indemnitee, be available to
the extent that such losses, claims, damages, liabilities or related expenses (A) do not result in
actual out-of-pocket loss or expense by such Indemnitee or (B) result from the bad faith, wilful
misconduct or gross negligence of such Indemnitee or the breach by such Indemnitee of its
agreements set forth in the Loan Documents.

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

          (d) To the extent permitted by applicable law, the Company shall not assert, and each hereby
waives, any claim against any Indemnitee, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement or

 

46

any agreement or instrument contemplated hereby, the Transactions or any Loan or the use of
the proceeds thereof.

          (e) All amounts due under this Section shall be payable promptly after written demand therefor
setting forth the amount and the nature of the expense or claim, as applicable.

          SECTION 9.04. Successors and Assigns. (a) The provisions of this Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns
permitted hereby, except that the Company may not assign or otherwise transfer any of its rights or
obligations hereunder without the prior written consent of each Lender (and any attempted
assignment or transfer by the Company without such consent shall be null and void). Nothing in
this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the
parties hereto, their respective successors and assigns permitted hereby and, to the extent
expressly contemplated hereby, the Related Parties of the Administrative Agent) any legal or
equitable right, remedy or claim under or by reason of this Agreement.

          (b) Any Lender may assign to one or more assignees all or a portion of its rights and
obligations under this Agreement (including all or a portion of its Commitment and the Loans at the
time owing to it); provided that (i) the Administrative Agent and, except in the case of an
assignment to a Lender or an Affiliate of a Lender, the Company must give their prior written
consent to such assignment (which consent shall not be unreasonably withheld), (ii) except in the
case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire
remaining amount of the assigning Lender’s Commitment, the amount of the Commitment of the
assigning Lender subject to each such assignment (determined as of the date the Assignment and
Acceptance with respect to such assignment is delivered to the Administrative Agent) shall not be
less than $5,000,000 unless each of the Company and the Administrative Agent otherwise consent,
(iii) each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement, (iv) the parties to each assignment
shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a
processing and recordation fee of $3,500, and (v) the assignee, if it shall not be a Lender, shall
deliver to the Administrative Agent an Administrative Questionnaire; and provided further that any
consent of the Company otherwise required under this paragraph shall not be required if an Event of
Default under Article VII has occurred and is continuing. Subject to acceptance and recording
thereof pursuant to paragraph (d) of this Section, from and after the effective date specified in
each Assignment and Acceptance the assignee thereunder shall be a party hereto and, to the extent
of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a
Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the
interest assigned by such Assignment and Acceptance, be released from its obligations under this
Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender’s
rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall
continue to be entitled to the benefits of Sections 2.12, 2.13, 2.14 and 9.03). Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does not comply with this

 

47

paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a
participation in such rights and obligations in accordance with paragraph (e) of this Section.

          (c) The Administrative Agent, acting for this purpose as an agent of the Company, shall
maintain at one of its offices in the City of New York a copy of each Assignment and Acceptance
delivered to it and a register for the recordation of the names and addresses of the Lenders, and
the Commitment of, and principal amount of the Loans, each Lender pursuant to the terms hereof from
time to time (the “Register”). The entries in the Register shall be conclusive, and the Company,
the Administrative Agent and the Lenders may treat each Person whose name is recorded in the
Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. The Register shall be available for inspection by the
Company and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

          (b) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning
Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee
shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph
(b) of this Section and any written consent to such assignment required by paragraph (b) of this
Section, the Administrative Agent shall accept such Assignment and Acceptance and record the
information contained therein in the Register. No assignment shall be effective for purposes of
this Agreement unless it has been recorded in the Register as provided in this paragraph.

          (e) Any Lender may, without the consent of the Company or the Administrative Agent, sell
participations to one or more banks or other entities (a “Participant”) in all or a portion of such
Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment
and the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall
remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations and (iii) the Company, the Administrative Agent and the other
Lenders shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to
which a Lender sells such a participation shall provide that such Lender shall retain the sole
right to enforce the Loan Documents and to approve any amendment, modification or waiver of any
provision of the Loan Documents; provided that such agreement or instrument may provide that such
Lender will not, without the consent of the Participant, agree to any amendment, modification or
waiver described in the first proviso to Section 9.02(b) that affects such Participant. Subject to
paragraph (f) of this Section, the Company agrees that each Participant shall be entitled to the
benefits of Sections 2.12, 2.13 and 2.14 to the same extent as if it were a Lender and had acquired
its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by
law, each Participant also shall be entitled to the benefits of Section 9.08 as though it were a
Lender, provided such Participant agrees to be subject to Section 2.15(c) as though it were a
Lender.

 

48

          (f) A Participant shall not be entitled to receive any greater payment under Section 2.12 or
2.14 than the applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, unless the sale of the participation to such Participant is
made with the Company’s prior written consent. A Participant that would be a Foreign Lender if it
were a Lender shall not be entitled to the benefits of Section 2.14 unless the Company is notified
of the participation sold to such Participant and such Participant agrees, for the benefit of the
Company, to comply with Section 2.14(e) as though it were a Lender.

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

          Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Bank”) may
grant to a special purpose funding vehicle (an “SPC”) of such Granting Bank, identified as such in
writing from time to time by the Granting Bank to the Administrative Agent and the Company, the
option to provide to the Company all or any part of any Loan that such Granting Bank would
otherwise be obligated to make to the Company pursuant to Section 2.01; provided that (i) nothing
herein shall constitute a commitment to make any Loan by any SPC and (ii) if an SPC elects not to
exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Bank
shall be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by an SPC
shall be deemed to utilize the Commitment of the Granting Bank to the same extent, and as if, such
Loan were made by the Granting Bank. Each party hereto hereby agrees that no SPC shall be liable
for any payment under this Agreement for which a Lender would otherwise be liable, for so long as,
and to the extent, the related Granting Bank makes such payment. In furtherance of the foregoing,
each party hereto hereby agrees that, prior to the date that is one year and one day after the
payment in full of all outstanding senior indebtedness of any SPC, it will not institute against,
or join any other person in instituting against, such SPC any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings or similar proceedings under the laws of the
United States or any State thereof. In addition, notwithstanding anything to the contrary
contained in this Section 9.04, any SPC may (i) with notice to, but without the prior written
consent of, the Company and the Administrative Agent and without paying any processing fee
therefor, assign all or a portion of its interests in any Loans to its Granting Bank or to any
financial institutions (if consented to by the Company and Administrative Agent) providing
liquidity and/or credit facilities to or for the account of such SPC to fund the Loans made by such
SPC or to support the securities (if any) issued by such SPC to fund such Loans and (ii) disclose
on a confidential basis any non-public information relating to its Loans (but not relating to the
Company, except with the Company’s consent) to any rating agency, commercial paper dealer or
provider of any surety, guarantee or credit or liquidity enhancement to such SPC.

 

49

          SECTION 9.05. Survival. All covenants, agreements, representations and warranties made by the
Company herein, in the other Loan Documents and in the certificates or other instruments delivered
in connection with or pursuant to this Agreement or any other Loan Document shall be considered to
have been relied upon by the other parties hereto and shall survive the execution and delivery of
the Loan Documents and the making of any Loans, regardless of any investigation made by any such
other party or on its behalf and notwithstanding that the Administrative Agent or any Lender may
have had notice or knowledge of any Default or incorrect representation or warranty at the time any
credit is extended hereunder, and shall continue in full force and effect as long as the principal
of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement
is outstanding and unpaid and so long as the Commitments have not expired or terminated. The
provisions of Sections 2.12, 2.13, 2.14 and 9.03 and Article VIII shall survive and remain in full
force and effect regardless of the consummation of the transactions contemplated hereby, the
repayment of the Loans, the expiration or termination of the Commitments or the termination of this
Agreement or any provision hereof.

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

          SECTION 9.07. Severability. Any provision of any Loan Document held to be invalid, illegal or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such invalidity, illegality or unenforceability without affecting the validity, legality and
enforceability of the remaining provisions of such Loan Document; and the invalidity of a
particular provision in a particular jurisdiction shall not invalidate such provision in any other
jurisdiction.

          SECTION 9.08. Right of Setoff. If an Event of Default shall have occurred and be continuing,
each Lender is hereby authorized at any time and from time to time, to the fullest extent permitted
by law, to set off and apply any and all deposits (general or special, time or demand, provisional
or final) at any time held and other obligations at any time owing by such Lender or Affiliate to
or for the credit or the account of the Company (other than payroll accounts and trust accounts)
against any of and all the obligations of the Company now or hereafter existing under this
Agreement held by such Lender, irrespective of whether or not such Lender shall have made any

 

50

demand under this Agreement. The rights of each Lender under this Section are in addition to
and shall not limit other rights and remedies (including other rights of setoff) which such Lender
may have.

          SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process. (a) This Agreement
shall be construed in accordance with and governed by the law of the State of New York.

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

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

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

          SECTION 9.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).
EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION,
SEEK TO

 

51

ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE
BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION.

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

          SECTION 9.12. Confidentiality. (a) Each of the Administrative Agent and the Lenders agrees to
maintain the confidentiality of the Information (as defined below), except that Information may be
disclosed (i) to its and its Affiliates’ directors, officers, employees and agents, including
accountants, legal counsel and other advisors (it being understood that the Persons to whom such
disclosure is made will be informed of the confidential nature of such Information and instructed
to keep such Information confidential), (ii) to the extent requested by any regulatory authority,
(iii) to the extent required by applicable laws or regulations or by any subpoena or similar legal
process, (iv) to any other party to this Agreement, (v) in connection with the exercise of any
remedies hereunder or any suit, action or proceeding relating to this Agreement or any other Loan
Document or the enforcement of rights hereunder, (vi) subject to an agreement containing provisions
substantially the same as those of this Section, to (A) any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations under this Agreement or
(B) any actual or prospective counterparty to any swap or derivative transaction relating to the
Company and their obligations, or any advisor of any such counterparty, (vii) with the consent of
the Company or (viii) to the extent such Information (A) becomes publicly available other than as a
result of a breach of this Section or (B) becomes available to the Administrative Agent or any
Lender on a nonconfidential basis from a source other than the Company. For the purposes of this
Section, “Information” means all information received from the Company relating to the Company or
their business, other than any such information that is available to the Administrative Agent, or
any Lender on a nonconfidential basis prior to disclosure by the Company; provided that, in the
case of information received from the Company after the date hereof, such information is identified
at the time of delivery as confidential. Any Person required to maintain the confidentiality of
Information as provided in this Section shall be considered to have complied with its obligation to
do so if such Person has exercised the same degree of care to maintain the confidentiality of such
Information as a prudent Person engaged in the same business or following customary procedures for
such business would accord to its own confidential information.

          (b) Each Lender acknowledges that information furnished to it pursuant to this Agreement may
include material non-public information concerning the Company and the Subsidiaries or the
Company’s securities, and confirms that it has developed compliance procedures regarding the use of
material non-public information and that it will handle such material non-public information in
accordance with those procedures and applicable law, including Federal and state securities laws.

 

52

          (c) All information, including requests for waivers and amendments, furnished by the Company
or the Administrative Agent pursuant to, or in the course of administering, this Agreement will be
syndicate-level information, which may contain material non-public information about the Company
and the Subsidiaries or the Company’s securities. Accordingly, each Lender represents to the
Company and the Administrative Agent that it has identified in its Administrative Questionnaire a
credit contact who may receive information that may contain material non-public information in
accordance with its compliance procedures and applicable law, including Federal and state
securities laws, and such credit contact shall be bound by such Lender’s confidentiality
obligations hereunder.

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

          SECTION 9.14. USA Patriot Act. Each Lender hereby notifies the Company that pursuant to the
requirements of the USA Patriot Act, it is required to obtain, verify and record information that
identifies the Company, which information includes the name and address of the Company and other
information that will allow such Lender to identify the Company in accordance with its
requirements.

          SECTION 9.15. No Fiduciary Relationship. The Company, on behalf of itself and its
subsidiaries, agrees that in connection with all aspects of the transactions contemplated hereby or
by the other Loan Documents and any communications in connection therewith, the Company, their
subsidiaries and their Affiliates, on the one hand, and the Administrative Agent, the Lenders and
their Affiliates, on the other hand, will have a business relationship that does not create, by
implication or otherwise, any fiduciary duty on the part of the Administrative Agent, the Lenders
or their Affiliates, and no such duty will be deemed to have arisen in connection with any such
transaction or communications.

[Signature Pages To Follow]

 

53

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

	 	 	 	 	 	 	 
	 	 	KELLOGG COMPANY,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Joel R. Wittenberg	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	 	Name: Joel R. Wittenberg	 	 
	 

	 	 	 	Title:   Vice President - Treasury	 	 

 

54

	 	 	 
	 

	 	JPMORGAN CHASE BANK, N.A.,
	 

	 	individually, as Administrative Agent and as Lender,

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Barbara R. Marks	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	 	Name: Barbara R. Marks	 	 
	 

	 	 	 	Title:   Vice President	 	 

 

 

	 	 	 	 	 	 	 
	 	 	BARCLAYS BANK PLC,	 	 
	 	 	as Lender,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Russell C. Johnson
 

	 	 
	 

	 	 	 	Name: Russell C. Johnson	 	 
	 

	 	 	 	Title:   Associate Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]