Document:

Third Amendment dated Sept. 5, 2003 to Promissory Note dated June 1, 2000

 Exhibit 10.2 
  
  
 THIRD AMENDMENT TO PROMISSORY NOTE

  
 This Third Amendment, made this 5th day of September, 2003, to the Promissory Note dated June 1, 2000, in the original sum of Ten Million and 00/100
($10,000,000.00) Dollars, as subsequently amended by a Rider to Promissory Note dated July 30, 2001, an Amendment To Promissory Note dated September 1, 2001 and a Second Amendment To Promissory Note dated June 30, 2003 (hereinafter referred to as
the “Note”), made by Tellium, Inc., a Delaware corporation (hereinafter referred to as the “Borrower”) in favor of Commerce Bank/Shore, N.A. (hereinafter referred to as the “Bank”). 
  
  
 W I T N E S S E T H 
  
 WHEREAS, the
Borrower has requested that the Bank extend the term of the Note; and 
  
 WHEREAS, Bank has agreed to said request, subject to the terms and conditions set forth in this Third Amendment. 
  
 NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained and Borrower’s promise to pay Bank all sums due
pursuant to the terms of the Note, as modified herein, it is agreed that the terms of the Note shall be amended and modified as follows: 
  

	 	1.	Payment: This section of the Note shall be amended to provide that Borrower will pay this loan in full on or before January 1, 2004. 

  

	 	2.	Except as amended herein, the terms and provisions of the Note remain unchanged, are and shall remain in full force and effect unless and until modified or amended in writing in
accordance with their terms, and are hereby ratified and confirmed. 

  
 IN WITNESS WHEREOF, the parties hereto have set their hands and seals the day and year first above written. 
  

	BORROWER:	  	TELLIUM, INC.,
	 Attest/Witness:
	  	 A Delaware Corporation
  

	 	  	 	  	 
	 By: /s/

	  	By:	  	 /S/    WILLIAM J. PROETTA

	 	  	 	  	William J. Proetta, President
		
	 BANK:
	  	COMMERCE BANK, N.A.
	 Attest/Witness:
	  	 	  	 
	 By: /s/

	  	By:	  	 /S/    CYNTHIA A. COLUCCI

	 	  	 	  	Cynthia A. Colucci, Vice President$200,000 364 DAY CREDIT AGREEMENT, DATED SEPTEMBER 15, 2003

 EXHIBIT 10.1 
  
 EXECUTION COPY 

 $200,000,000 
  
 364-DAY CREDIT AGREEMENT 
  
 AMONG 
  
 SEI INVESTMENTS
COMPANY, 
  
 THE LENDERS, 
  
 BANK ONE, NA, 
 as Agent, 
  
 THE BANK OF NOVA SCOTIA, 
 as Co-Arranger and Documentation Agent, 
  
 UNION BANK OF CALIFORNIA, N.A. 
 AND 
 PNC BANK, NATIONAL ASSOCIATION,

 as Documentation Agents, 
  
 AND 
  
 WACHOVIA BANK, NATIONAL ASSOCIATION, 
 as Syndication Agent 
  
 Dated as of 
 September 15, 2003 
  

  
 BANC ONE CAPITAL MARKETS, INC., 
 as Lead Arranger and Sole Book Manager 

 TABLE OF CONTENTS 
  

	 ARTICLE I. DEFINITIONS
	  	37
	 ARTICLE II. THE CREDITS
	  	46
	 2.1.Commitment
	  	46
	 2.2.Required Payments; Termination
	  	46
	 2.2.1.Revolving Credit Termination Balance
	  	46
	 2.2.2.Mandatory Prepayments
	  	46
	 2.3.Ratable Loans
	  	47
	 2.4Types of Advances
	  	47
	 2.5.Commitment Fee; Reductions in Aggregate Commitment
	  	47
	 2.6.Minimum Amount of Each Advance
	  	47
	 2.7.Optional Principal Payments
	  	47
	 2.8Method of Selecting Types and Interest Periods for New Advances
	  	47
	 2.9.Conversion and Continuation of Outstanding Advances
	  	48
	 2.10.Changes in Interest Rate, etc
	  	48
	 2.11Rates Applicable After Default
	  	48
	 2.12Method of Payment
	  	49
	 2.13.Noteless Agreement; Evidence of Indebtedness
	  	49
	 2.14.Telephonic Notices
	  	49
	 2.15.Interest Payment Dates; Interest and Fee Basis
	  	50
	 2.16.Notification of Advances, Interest Rates, Prepayments and Commitment Reductions
	  	50
	 2.17.Lending Installations
	  	50
	 2.18.Non-Receipt of Funds by the Agent
	  	50
	 ARTICLE III. YIELD PROTECTION; TAXES
	  	50
	 3.1Yield Protection
	  	50
	 3.2.Changes in Capital Adequacy Regulations
	  	51
	 3.3.Availability of Types of Advances
	  	51
	 3.4.Funding Indemnification
	  	52
	 3.5Taxes
	  	52
	 3.6.Lender Statements; Survival of Indemnity
	  	53
	 ARTICLE IV. CONDITIONS PRECEDENT
	  	54
	 4.1Initial Advance
	  	54
	 4.2Each Advance
	  	55
	 ARTICLE V. REPRESENTATIONS AND WARRANTIES
	  	55
	 5.1.Existence and Standing
	  	55
	 5.2.Authorization and Validity
	  	55
	 5.3No Conflict; Government Consent
	  	55
	 5.4.Financial Statements
	  	56
	 5.5.Material Adverse Change
	  	56
	 5.6Taxes
	  	56
	 5.7.Litigation and Contingent Obligations
	  	56
	 5.8.Subsidiaries
	  	56
	 5.9ERISA
	  	56
	 5.10.Accuracy of Information
	  	56
	 5.11.Regulation U
	  	56
	 5.12.Material Agreements
	  	57
	 5.13.Compliance With Laws
	  	57
	 5.14.Ownership of Properties
	  	57
	 5.15Plan Assets; Prohibited Transactions
	  	57
	 5.16.Investment Company Act
	  	57

  

 33 

	 5.17Public Utility Holding Company Act
	  	57
	 5.18.Subordinated Indebtedness
	  	57
	 5.19.Insurance
	  	57
	 5.20.Solvency
	  	57
	 ARTICLE VI. COVENANTS
	  	58
	 6.1.Financial Reporting
	  	58
	 6.2Use of Proceeds
	  	59
	 6.3Notice of Default
	  	59
	 6.4.Conduct of Business
	  	59
	 6.5Taxes
	  	59
	 6.6.Insurance
	  	59
	 6.7.Compliance with Laws
	  	60
	 6.8.Maintenance of Properties
	  	60
	 6.9.Inspection
	  	60
	 6.10.Dividends
	  	60
	 6.11.Indebtedness
	  	60
	 6.12Merger
	  	61
	 6.13Sale of Assets
	  	61
	 6.14.Investments and Acquisitions
	  	61
	 6.15Liens
	  	62
	 6.16Capital Expenditures
	  	62
	 6.17.Affiliates
	  	62
	 6.18Sale of Accounts
	  	62
	 6.19.Contingent Obligations
	  	62
	 6.20.Inconsistent Agreements
	  	62
	 6.21.Retirement of Repurchased Common Stock
	  	63
	 6.22.Financial Covenants
	  	63
	 6.22.1Fixed Charge Coverage Ratio
	  	63
	 6.22.2.Leverage Ratio
	  	63
	 6.22.3.Minimum Net Worth
	  	63
	 ARTICLE VII. DEFAULTS
	  	63
	 ARTICLE VIII. ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES
	  	65
	 8.1.Acceleration
	  	65
	 8.2.Amendments
	  	65
	 8.3.Preservation of Rights
	  	65
	 ARTICLE IX. GENERAL PROVISIONS
	  	66
	 9.1.Survival of Representations
	  	66
	 9.2.Governmental Regulation
	  	66
	 9.3.Headings
	  	66
	 9.4Entire Agreement
	  	66
	 9.5Several Obligations; Benefits of this Agreement
	  	66
	 9.6.Expenses; Indemnification
	  	66
	 9.7.Numbers of Documents
	  	67
	 9.8.Accounting
	  	67
	 9.9.Severability of Provisions
	  	67
	 9.10.Nonliability of Lenders
	  	67
	 9.11.Confidentiality
	  	67
	 9.12.Nonreliance
	  	68
	 9.    .Disclosure
	  	68
	 ARTICLE X. THE AGENT
	  	68
	 10.1.Appointment; Nature of Relationship
	  	68
	 10.2Powers
	  	68
	 10.3General Immunity
	  	68

  

 34 

	 10.4No Responsibility for Loans, Recitals, etc.
	  	68
	 10.5Action on Instructions of Lenders
	  	69
	 10.6.Employment of Agents and Counsel
	  	69
	 10.7.Reliance on Documents; Counsel
	  	69
	 10.8Agent’s Reimbursement and Indemnification
	  	69
	 10.9Notice of Default
	  	69
	 10.10Rights as a Lender
	  	70
	 10.11Lender Credit Decision
	  	70
	 10.12.Successor Agent
	  	70
	 10.13.Agent and Arranger Fees.
	  	70
	 10.14.Delegation to Affiliates
	  	71
	 10.17.Documentation Agent, Syndication Agent, etc
	  	71
	 ARTICLE XI. SETOFF; RATABLE PAYMENTS
	  	71
	 11.1Setoff
	  	71
	 11.2Ratable Payments
	  	71
	 ARTICLE XII. BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS
	  	71
	 12.1.Successors and Assigns
	  	71
	 12.2.Participations
	  	72
	 12.2.1.Permitted Participants; Effect
	  	72
	 12.2.2Voting Rights
	  	72
	 12.2.3Benefit of Certain Provisions
	  	72
	 12.3.Assignments
	  	73
	 12.3.1.Permitted Assignments
	  	73
	 12.3.2.Consents
	  	73
	 12.3.2Effect; Effective Date
	  	73
	 12.3.4.Register
	  	73
	 12.4.Dissemination of Information
	  	74
	 12.5Tax Treatment
	  	74
	 ARTICLE XIII. NOTICES
	  	74
	 13.1Notices
	  	74
	 13.2.Change of Address
	  	74
	 ARTICLE XIV. COUNTERPARTS
	  	74
	 ARTICLE XV. CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL
	  	75
	 15.1.CHOICE OF LAW
	  	75
	 15.2.CONSENT TO JURISDICTION
	  	75
	 15.3.WAIVER OF JURY TRIAL
	  	75

  

 35 

 EXHIBITS 
  

	 Exhibit A
	  	Form of Compliance Certificate
	 Exhibit B
	  	Form of Assignment Agreement
	 Exhibit C
	  	Form of Written Money Transfer Instructions
	 Exhibit D
	  	Form of Note

  
 SCHEDULES

  

	 Schedule 1
	  	Commitments
	 Schedule 5.8
	  	Subsidiaries
	 Schedule 6.11
	  	Indebtedness
	 Schedule 6.14
	  	Investments
	 Schedule 6.15
	  	Liens

  

 36 

 364-DAY CREDIT AGREEMENT 
  
 This 364-Day Credit Agreement, dated as of September 15, 2003, is among SEI Investments Company, a Pennsylvania corporation,
the Lenders and Bank One, NA, a national banking association having its principal office in Chicago, Illinois, as Agent. The parties hereto agree as follows: 
  
 RECITALS 
  
 A. The Borrower has requested the Lenders to make financial accommodations to it in the aggregate principal amount of up to $200,000,000, the proceeds of
which will be used for the general corporate purposes of the Borrower (including the repurchase of the common stock of the Borrower). 
  
 B. The Lenders are willing to extend such financial accommodations on the terms and conditions set forth herein. 
  
 ARTICLE I 
  
 DEFINITIONS 
  
 As used in this Agreement: 
  
 “Acquisition” means any transaction, or any series of related transactions, consummated on or after the date of this Agreement, by which the
Borrower or any of its Subsidiaries (i) acquires any going business or all or substantially all of the assets of any firm, corporation or limited liability company, or division thereof, whether through purchase of assets, merger or otherwise or (ii)
directly or indirectly acquires (in one transaction or as the most recent transaction in a series of transactions) at least a majority (in number of votes) of the securities of a corporation which have ordinary voting power for the election of
directors (other than securities having such power only by reason of the happening of a contingency) or a majority (by percentage or voting power) of the outstanding ownership interests of a partnership or limited liability company. 
  
 “Advance” means a borrowing hereunder, (i) made by the Lenders on
the same Borrowing Date, or (ii) converted or continued by the Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the several Loans of the same Type and, in the case of Eurodollar Loans,
for the same Interest Period. 
  
 “Affiliate” of any
Person means any other Person directly or indirectly controlling, controlled by or under common control with such Person. A Person shall be deemed to control another Person if the controlling Person owns 10% or more of any class of voting securities
(or other ownership interests) of the controlled Person or possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of the controlled Person, whether through ownership of stock, by contract or
otherwise. 
  
 “Agent” means Bank One in its capacity as
contractual representative of the Lenders pursuant to Article X, and not in its individual capacity as a Lender, and any successor Agent appointed pursuant to Article X. 
  
 “Aggregate Commitment” means the aggregate of the Commitments of all the Lenders, as reduced from time to time
pursuant to the terms hereof. 
  
 “Agreement” means this
364-day credit agreement, as it may be amended or modified and in effect from time to time. 
  

 37 

 “Agreement Accounting Principles” means generally accepted accounting principles as in effect
from time to time, applied in a manner consistent with that used in preparing the financial statements referred to in Section 5.4. 
  
 “Approved Fund” means any Fund that is administered or managed by (i) a Lender, (ii) an Affiliate of a Lender or (iii) an entity or an Affiliate
of an entity that administers or manages a Lender. 
  
 “Arranger” means Banc One Capital Markets, Inc., a Delaware corporation, and its successors, in its capacity as Lead Arranger and Sole Book Runner. 
  
 “Article” means an article of this Agreement unless another document is specifically referenced. 
  
 “Authorized Officer” means any of the president, chief financial
officer, vice president-finance, treasurer or corporate controller of the Borrower, acting singly. 
  
 “Bank One” means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and
its successors. 
  
 “Borrower” means SEI Investments
Company, a Pennsylvania corporation, and its successors and assigns. 
  
 “Borrowing Date” means a date on which an Advance is made hereunder. 
  
 “Borrowing Notice” is defined in Section 2.8. 
  
 “Business Day” means (i) with respect to any borrowing, payment or rate selection of Eurodollar Advances, a day (other than a Saturday or Sunday) on which banks generally are open in Chicago and New York
City for the conduct of substantially all of their commercial lending activities, interbank wire transfers can be made on the Fedwire system and dealings in United States dollars are carried on in the London interbank market and (ii) for all other
purposes, a day (other than a Saturday or Sunday) on which banks generally are open in Chicago for the conduct of substantially all of their commercial lending activities and interbank wire transfers can be made on the Fedwire system. 
  
 “Capital Expenditures” means, without duplication, any expenditures
(except for expenditures for software which are classified as capitalized software on a consolidated balance sheet) for any purchase or other acquisition of any asset which would be classified as a fixed or capital asset on a consolidated balance
sheet of the Borrower and its Subsidiaries prepared in accordance with Agreement Accounting Principles. 
  
 “Capitalized Lease” of a Person means any lease of Property by such Person as lessee which would be capitalized on a balance sheet of such
Person prepared in accordance with Agreement Accounting Principles. 
  
 “Capitalized Lease Obligations” of a Person means the amount of the obligations of such Person under Capitalized Leases which would be shown as a liability on a balance sheet of such Person prepared in accordance with Agreement
Accounting Principles. 
  
 “Cash Equivalent Investments”
means (i) short-term obligations of, or fully guaranteed by, the United States of America, (ii) commercial paper rated A-1 or better by S&P or P-1 or better by Moody’s, (iii) demand deposit accounts maintained in the ordinary course of
business, (iv) fully collateralized repurchase agreements with a term of not more than 365 days for securities described in clause (i) of this definition and (v) certificates of deposit issued by and time deposits with commercial banks (whether
domestic or foreign) having capital and surplus in excess of $100,000,000; provided in each case that the same provides for payment of both principal and interest (and not principal alone or interest alone) and is not subject to any
contingency regarding the payment of principal or interest. 
  

 38 

 “Change in Control” means any Person becomes the owner of more than thirty percent (30%) of the
Borrower’s outstanding shares, excluding the Borrower and its Subsidiaries, any employee benefit plan of the Borrower or its Subsidiaries, any Person appointed or entity organized or established by the Borrower for or pursuant to any such
employee benefit plan, and Alfred P. West, Jr. or his spouse, and/or a member of his immediate family. 
  
 “Code” means the Internal Revenue Code of 1986, as amended, reformed or otherwise modified from time to time. 
  
 “Commitment” means, for each Lender, the obligation of such Lender
to make Loans not exceeding the amount set forth opposite its name on Schedule 1 hereto, as it may be modified as a result of any assignment that has become effective pursuant to Section 12.3.2 or as otherwise modified from time to time pursuant to
the terms hereof. 
  
 “Consolidated EBITDA” means
Consolidated Net Income plus, to the extent deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest Expense, (ii) expense for taxes paid or accrued, (iii) depreciation, (iv) amortization and (v) extraordinary
losses incurred other than in the ordinary course of business, minus, to the extent included in Consolidated Net Income, extraordinary gains realized other than in the ordinary course of business, all calculated for the Borrower and its
Subsidiaries on a consolidated basis. 
  
 “Consolidated Fixed
Charges” means, for any period, on a consolidated basis the sum of (i) all Rentals (other than Rentals on Capitalized Leases) payable by the Borrower and its Subsidiaries for the period of four fiscal quarters preceding the date of
determination, (ii) all Consolidated Interest Expense on all Indebtedness (including the interest component of Rentals on Capitalized Leases) of the Borrower and its Subsidiaries for the period of four fiscal quarters preceding the date of
determination and (iii) Indebtedness (excluding the Loans hereunder) payable pursuant to the scheduled amortization of such Indebtedness by the Borrower and its Subsidiaries for the period of four fiscal quarters immediately following the date of
determination. 
  
 “Consolidated Income Available for Fixed
Charges” means, for any period, the sum of (i) Consolidated Net Income during such period plus (ii) to the extent deducted from revenues in determining Consolidated Net Income, (A) all provisions for any Federal, state or other income
taxes made by the Borrower and its Subsidiaries during such period, (B) all provisions for Rentals (other than Rentals on Capitalized Leases) during such period by the Borrower and its Subsidiaries, (C) all provisions for Consolidated Interest
Expense on all Indebtedness (including the interest component of Rentals on Capitalized Leases) of the Borrower and its Subsidiaries during such period and (D) all provisions for depreciation made by the Borrower and its Subsidiaries during such
period, minus (iii) the sum of (A) all Capital Expenditures of the Borrower and its Subsidiaries during such period and (B) all cash dividends paid by of the Borrower and its Subsidiaries during such period. 
  
 “Consolidated Indebtedness” means, at any time, the aggregate
dollar amount of Indebtedness of the Borrower and its Subsidiaries calculated on a consolidated basis outstanding at such time, whether or not such amount is due or payable at such time. 
  
 “Consolidated Interest Expense” means, with reference to any period, the interest expense of the Borrower and its
Subsidiaries calculated on a consolidated basis for such period. 
  
 “Consolidated Net Income” means, with reference to any period, the net income (or loss) of the Borrower and its Subsidiaries calculated on a consolidated basis for such period. 
  

 39 

 “Consolidated Net Worth” means at any time the stockholders’ equity of the Borrower and
its Subsidiaries calculated on a consolidated basis as of such time. 
  
 “Contingent Obligation” of a Person means any agreement, undertaking or arrangement by which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds for the payment of, or otherwise becomes or
is contingently liable upon, the obligation or liability of any other Person, or agrees to maintain the net worth or working capital or other financial condition of any other Person, or otherwise assures any creditor of such other Person against
loss, including, without limitation, any comfort letter, operating agreement, take-or-pay contract or the obligations of any such Person as general partner of a partnership with respect to the liabilities of the partnership. 
  
 “Conversion/Continuation Notice” is defined in Section 2.9.

  
 “Controlled Group” means all members of a controlled
group of corporations or other business entities and all trades or businesses (whether or not incorporated) under common control which, together with the Borrower or any of its Subsidiaries, are treated as a single employer under Section 414 of the
Code. 
  
 “Default” means an event described in Article
VII. 
  
 “Environmental Laws” means any and all federal,
state, local and foreign statutes, laws, judicial decisions, regulations, ordinances, rules, judgments, orders, decrees, plans, injunctions, permits, concessions, grants, franchises, licenses, agreements and other governmental restrictions relating
to (i) the protection of the environment, (ii) the effect of the environment on human health, (iii) emissions, discharges or releases of pollutants, contaminants, hazardous substances or wastes into surface water, ground water or land, or (iv) the
manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, hazardous substances or wastes or the clean-up or other remediation thereof. 
  
 “ERISA” means the Employee Retirement Income Security Act of 1974,
as amended from time to time, and any rule or regulation issued thereunder. 
  
 “Eurodollar Advance” means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate. 
  
 “Eurodollar Base Rate” means, with respect to a Eurodollar Advance for the relevant Interest Period, the
applicable British Bankers’ Association LIBOR rate for deposits in U.S. dollars as reported by any generally recognized financial information service as of 11:00 a.m. (London time) two Business Days prior to the first day of such Interest
Period, and having a maturity equal to such Interest Period, provided that, if no such British Bankers’ Association LIBOR rate is available to the Agent, the applicable Eurodollar Base Rate for the relevant Interest Period shall instead
be the rate determined by the Agent to be the rate at which Bank One or one of its Affiliate banks offers to place deposits in U.S. dollars with first-class banks in the London interbank market at approximately 11:00 a.m. (London time) two Business
Days prior to the first day of such Interest Period, in the approximate amount of Bank One’s relevant Eurodollar Loan and having a maturity equal to such Interest Period. 
  
 “Eurodollar Loan” means a Loan which, except as otherwise provided in Section 2.11, bears interest at the
applicable Eurodollar Rate. 
  
 “Eurodollar Rate” means,
with respect to a Eurodollar Advance for the relevant Interest Period, the sum of (i) the quotient of (a) the Eurodollar Base Rate applicable to such Interest Period, divided by (b) one minus the Reserve Requirement (expressed as a decimal)
applicable to such Interest Period, plus (ii) 1.00% per annum. 
  

 40 

 “Excluded Taxes” means, in the case of each Lender or applicable Lending Installation and the
Agent, taxes imposed on its overall net income, and franchise taxes imposed on it, by (i) the jurisdiction under the laws of which such Lender or the Agent is incorporated or organized or (ii) the jurisdiction in which the Agent’s or such
Lender’s principal executive office or such Lender’s applicable Lending Installation is located. 
  
 “Exhibit” refers to an exhibit to this Agreement, unless another document is specifically referenced. 
  
 “Existing Term Loan Agreement” means that certain $25,000,000 Loan
Agreement dated as of June 26, 2001 by and between the Borrower and FirstStar Bank, N.A., as amended, restated, supplemented or otherwise modified from time to time. 
  
 “Facility Termination Date” means September 13, 2005. 
  
 “Federal Funds Effective Rate” means, for any day, an interest rate
per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published for such day (or, if such day is not a Business Day,
for the immediately preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations at approximately 10:00 a.m. (Chicago time) on such day on
such transactions received by the Agent from three Federal funds brokers of recognized standing selected by the Agent in its sole discretion. 
  
 “Floating Rate” means, for any day, a rate of interest per annum equal to the higher of (i) the Prime Rate for such day and (ii) the sum of the
Federal Funds Effective Rate for such day plus 1/2% per annum. 
  
 “Floating Rate Advance” means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate. 
  
 “Floating Rate Loan” means a Loan which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate. 
  
 “Fund” means any Person (other than a natural person) that is (or
will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 
  
 “Indebtedness” of a Person means such Person’s (i) obligations for borrowed money, (ii) obligations
representing the deferred purchase price of Property or services (other than accounts payable arising in the ordinary course of such Person’s business payable on terms customary in the trade), (iii) obligations, whether or not assumed, secured
by Liens or payable out of the proceeds or production from Property now or hereafter owned or acquired by such Person, (iv) obligations which are evidenced by notes, acceptances, or other instruments, (v) obligations of such Person to purchase
securities or other Property arising out of or in connection with the sale of the same or substantially similar securities or Property, (vi) Capitalized Lease Obligations, (vii) any other obligation for borrowed money or other financial
accommodation which in accordance with Agreement Accounting Principles would be shown as a liability on the consolidated balance sheet of such Person, (viii) net liabilities under Rate Management Obligations or in respect of any other derivative
financial instrument, (ix) contingent reimbursement obligations in respect of, and unreimbursed draws under, Letters of Credit and (x) Contingent Obligations. 
  

“Interest Period” means, with respect to a Eurodollar Advance, a period of one, two, three or six months commencing on a Business Day
selected by the Borrower pursuant to this Agreement. Such Interest Period shall end on the day which corresponds numerically to such date one, two, three or six months thereafter, provided, however, that if there is no such numerically
corresponding day in such next, second, third or sixth succeeding month, such Interest Period shall end on the last Business Day of such next, second, 

  

 41 

 
third or sixth succeeding month. If an Interest Period would otherwise end on a day which is not a Business Day, such Interest Period shall end on the next
succeeding Business Day, provided, however, that if said next succeeding Business Day falls in a new calendar month, such Interest Period shall end on the immediately preceding Business Day. 
  
 “Investment” of a Person means any loan, advance (other than
commission, travel and similar advances to officers and employees made in the ordinary course of business), extension of credit (other than accounts receivable arising in the ordinary course of business on terms customary in the trade) or
contribution of capital by such Person; stocks, bonds, mutual funds, partnership interests, notes, debentures or other securities owned by such Person; any deposit accounts and certificate of deposit owned by such Person; and structured notes,
derivative financial instruments and other similar instruments or contracts owned by such Person. 
  
 “Lenders” means the lending institutions listed on the signature pages of this Agreement and their respective successors and assigns.

  
 “Lending Installation” means, with respect to a
Lender or the Agent, the office, branch, subsidiary or affiliate of such Lender or the Agent listed on the signature pages hereof or on a Schedule or otherwise selected by such Lender or the Agent pursuant to Section 2.17. 
  
 “Letter of Credit” of a Person means a letter of credit or similar
instrument which is issued upon the application of such Person or upon which such Person is an account party or for which such Person is in any way liable. 
  
 “Lien” means any lien (statutory or other), mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance or preference,
priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, the interest of a vendor or lessor under any conditional sale, Capitalized Lease or other title retention agreement).

  
 “Loan” means, with respect to a Lender, such
Lender’s loan made pursuant to Article II (or any conversion or continuation thereof). 
  
 “Loan Documents” means this Agreement and any Notes issued pursuant to Section 2.13. 
  
 “Material Adverse Effect” means a material adverse effect on (i) the business, Property, condition (financial or otherwise), results of
operations, or prospects of the Borrower and its Subsidiaries taken as a whole, (ii) the ability of the Borrower to perform its obligations under the Loan Documents or (iii) the validity or enforceability of any of the Loan Documents or the rights
or remedies of the Agent or the Lenders thereunder. 
  
 “Material Indebtedness” means Indebtedness in an outstanding principal amount of $500,000 or more in the aggregate (or the equivalent thereof in any currency other than U.S. dollars). 
  
 “Material Indebtedness Agreement” means any agreement under which
any Material Indebtedness was created or is governed or which provides for the incurrence of Indebtedness in an amount which would constitute Material Indebtedness (whether or not an amount of Indebtedness constituting Material Indebtedness is
outstanding thereunder). 
  
 “Moody’s” means
Moody’s Investors Service, Inc. 
  
 “Multiemployer
Plan” means a Plan maintained pursuant to a collective bargaining agreement or any other arrangement to which the Borrower or any member of the Controlled Group is a party to which more than one employer is obligated to make contributions.

  

 42 

 “Net Proceeds” means net cash proceeds realized upon (i) the sale, transfer, or other
disposition of assets, (ii) the sale or series of sales or issuance of any common or preferred equity interest, limited liability company membership interests, warrant or other equity, or (iii) the issuance of new Indebtedness, in each case after
the payment or reserving of all direct expenses and taxes related to such transaction and the net cash proceeds of the liquidation (at any time) of securities received as consideration from such transaction. 
  
 “Non-U.S. Lender” is defined in Section 3.5(iv). 
  
 “Note” is defined in Section 2.13. 
  
 “Obligations” means all unpaid principal of and accrued and unpaid
interest on the Loans, all accrued and unpaid fees and all expenses, reimbursements, indemnities and other obligations of the Borrower to the Lenders or to any Lender, the Agent or any indemnified party arising under the Loan Documents. 

 
 “Operating Lease” of a Person means any lease of Property (other
than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more. 
  
 “Other Taxes” is defined in Section 3.5(ii). 
  
 “Participants” is defined in Section 12.2.1. 
  
 “Payment Date” means the last day of each March, June, September and December. 
  
 “PBGC” means the Pension Benefit Guaranty Corporation, or any
successor thereto. 
  
 “Person” means any natural
person, corporation, firm, joint venture, partnership, limited liability company, association, enterprise, trust or other entity or organization, or any government or political subdivision or any agency, department or instrumentality thereof.

  
 “Plan” means 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 as to which the Borrower or any member of the Controlled Group may have any liability. 
  
 “Prime Rate” means a rate per annum equal to the prime rate of
interest announced from time to time by Bank One or its parent (which is not necessarily the lowest rate charged to any customer), changing when and as said prime rate changes. 
  
 “Property” of a Person means any and all property, whether real, personal, tangible, intangible, or mixed, of such
Person, or other assets owned, leased or operated by such Person. 
  
 “Purchasers” is defined in Section 12.3.1. 
  
 “Rate Management Transaction” means any transaction (including an agreement with respect thereto) now existing or hereafter entered by the Borrower which is a rate swap, basis swap, forward rate transaction, commodity swap,
commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction, currency swap transaction,
cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of these transactions) or any combination thereof, whether linked to one or more interest rates, foreign currencies,
commodity prices, equity prices or other financial measures. 
  

 43 

 “Rate Management Obligations” of a Person means any and all obligations of such Person, whether
absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (i) any and all Rate Management Transactions, and (ii) any
and all cancellations, buy backs, reversals, terminations or assignments of any Rate Management Transactions. 
  
 “Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor
thereto or other regulation or official interpretation of said Board of Governors relating to reserve requirements applicable to member banks of the Federal Reserve System. 
  
 “Regulation T” means Regulation T of the Board of Governors of the Federal Reserve System as from time to time in
effect and any successor thereto or other regulation or official interpretation of said Board of Governors relating thereto. 
  
 “Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor or
other regulation or official interpretation of said Board of Governors relating to the extension of credit by banks for the purpose of purchasing or carrying margin stocks applicable to member banks of the Federal Reserve System. 
  
 “Regulation X” means Regulation X of the Board of Governors of the
Federal Reserve System as from time to time in effect and any successor thereto or other regulation or official interpretation of said Board of Governors relating thereto. 
  
 “Rentals” of a Person means the aggregate fixed amounts payable by such Person under any Operating Lease.

  
 “Reportable Event” means a reportable event as
defined in Section 4043 of ERISA and the regulations issued under such section, with respect to a Plan, excluding, however, such events as to which the PBGC has by regulation waived the requirement of Section 4043(a) of ERISA that it be notified
within 30 days of the occurrence of such event, provided, however, that a failure to meet the minimum funding standard of Section 412 of the Code and of Section 302 of ERISA shall be a Reportable Event regardless of the issuance of any such
waiver of the notice requirement in accordance with either Section 4043(a) of ERISA or Section 412(d) of the Code. 
  
 “Required Lenders” means Lenders in the aggregate having at least a majority of the Aggregate Commitment or, if the Aggregate Commitment has
been terminated, Lenders in the aggregate holding at least 51% of the aggregate unpaid principal amount of the outstanding Advances. 
  
 “Reserve Requirement” means, with respect to an Interest Period, the maximum aggregate reserve requirement (including all basic, supplemental,
marginal and other reserves) which is imposed under Regulation D on Eurocurrency liabilities. 
  
 “Revolving Credit Termination Balance” means the aggregate principal amount of Advances outstanding on the Revolving Credit Termination Date after giving effect to any Advances made or repaid on such date.

  
 “Revolving Credit Termination Date” means September
13, 2004 or any earlier date on which the Aggregate Commitment is reduced to zero or otherwise terminated pursuant to the terms hereof. 
  
 “S&P” means Standard and Poor’s Ratings Services, a division of The McGraw Hill Companies, Inc. 
  

 44 

 “Schedule” refers to a specific schedule to this Agreement, unless another document is
specifically referenced. 
  
 “Section” means a numbered
section of this Agreement, unless another document is specifically referenced. 
  
 “Single Employer Plan” means a Plan maintained by the Borrower or any member of the Controlled Group for employees of the Borrower or any member of the Controlled Group. 
  
 “Subordinated Indebtedness” of a Person means any Indebtedness of
such Person the payment of which is subordinated to payment of the Obligations to the written satisfaction of the Required Lenders. 
  
 “Subsidiary” of a Person means (i) any corporation more than 50% of the outstanding securities having ordinary voting power of which shall at
the time be owned or controlled, directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries, or (ii) any partnership, limited liability company, association, joint venture or
similar business organization more than 50% of the ownership interests having ordinary voting power of which shall at the time be so owned or controlled. Unless otherwise expressly provided, all references herein to a “Subsidiary” shall
mean a Subsidiary of the Borrower. 
  
 “Substantial
Portion” means, with respect to the Property of the Borrower and its Subsidiaries, Property which represents more than 10% of the consolidated assets of the Borrower and its Subsidiaries or property which is responsible for more than 10% of the
consolidated net sales or of the consolidated net income of the Borrower and its Subsidiaries, in each case, as would be shown in the consolidated financial statements of the Borrower and its Subsidiaries as at the beginning of the twelve-month
period ending with the month in which such determination is made (or if financial statements have not been delivered hereunder for that month which begins the twelve-month period, then the financial statements delivered hereunder for the quarter
ending immediately prior to that month). 
  
 “Taxes”
means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings, and any and all liabilities with respect to the foregoing, but excluding Excluded Taxes and Other Taxes. 
  
 “Transferee” is defined in Section 12.4. 
  
 “Type” means, with respect to any Advance, its nature as a Floating
Rate Advance or a Eurodollar Advance and with respect to any Loan, its nature as a Floating Rate Loan or a Eurodollar Loan. 
  
 “Unfunded Liabilities” means the amount (if any) by which the present value of all vested and unvested accrued benefits under all Single
Employer Plans exceeds the fair market value of all such Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plans using PBGC actuarial assumptions for single employer plan terminations.

  
 “Unmatured Default” means an event which but for the
lapse of time or the giving of notice, or both, would constitute a Default. 
  
 “Wholly-Owned Subsidiary” of a Person means (i) any Subsidiary all of the outstanding voting securities of which shall at the time be owned or controlled, directly or indirectly, by such Person or one or
more Wholly-Owned Subsidiaries of such Person, or by such Person and one or more Wholly-Owned Subsidiaries of such Person, or (ii) any partnership, limited liability company, association, joint venture or similar business organization 100% of the
ownership interests having ordinary voting power of which shall at the time be so owned or controlled. 
  

 45 

 The foregoing definitions shall be equally applicable to both the singular and plural forms of the
defined terms. 
  
 ARTICLE II 
  
 THE CREDITS 
  
 2.1. Commitment. From and including the date of this Agreement and
prior to the Revolving Credit Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Loans to the Borrower from time to time in amounts not to exceed in the aggregate at any one time
outstanding the amount of its Commitment. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow at any time prior to the Revolving Credit Termination Date. The Commitments to lend hereunder shall expire on the Revolving
Credit Termination Date. Principal payments made after the Revolving Credit Termination Date may not be reborrowed. 
  
 2.2. Required Payments; Termination. 
  
 2.2.1. Revolving Credit Termination Balance. The Revolving Credit Termination Balance and all other unpaid Obligations shall be paid in full by the
Borrower on the Revolving Credit Termination Date; provided, however, that upon the written request of the Borrower (unless the Advances already have become due and payable pursuant to this Agreement), delivered to the Agent at least
ten (10) Business Days prior to the Revolving Credit Termination Date, the Revolving Credit Termination Balance shall instead be payable in installments as follows: 
  

	 Percentage payable of Revolving
 Credit Termination Balance

	  	 Payment Due Date

	 25%
	  	Three months following Revolving Credit Termination Date
		
	 25%
	  	Six months following Revolving Credit Termination Date
		
	 25%
	  	Nine months following Revolving Credit Termination Date
		
	 25%
	  	Twelve months following Revolving Credit Termination Date

  
 Any outstanding Advances and all other
unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date. 
  
 2.2.2. Mandatory Prepayments. In addition to the repayments of the Advances required by Section 2.2.1, the Borrower shall make mandatory prepayment of the Advances as follows: 
  

	 	(i)	Concurrently with the receipt of any Net Proceeds (in excess of $5,000,000 in the aggregate at all times during this Agreement) from any sales, transfers or other dispositions of
assets (other than the sale of inventory in the ordinary course of business), the Borrower shall make a mandatory prepayment of the Advances in an amount equal to 100% of such Net Proceeds (or, if less, the aggregate outstanding amount of the
Advances). Mandatory principal payments made after the Revolving Credit Termination Date shall be applied to the principal installments payable under Section 2.2.1 pro rata over the remaining principal payments. 

  

 46 

	 	(ii)	Upon the sale or series of sales or issuance of any common or preferred equity interests, limited liability company membership interests, warrants or other equity or the incurrence
of any Subordinated Indebtedness or Indebtedness not permitted by Section 6.11, in either case by the Borrower or any Subsidiary, or any equity contribution to the Borrower, the Borrower shall make a mandatory prepayment of the Advances in an amount
equal to 100% of the Net Proceeds thereof (or, if less, the aggregate outstanding amount of the Advances); provided that sales to employees under the Borrower’s employee stock purchase plan or employee stock option plan are excluded from
the mandatory prepayment provisions hereof. Mandatory principal payments made after the Revolving Credit Termination Date shall be applied to the principal installments payable under Section 2.2.1 pro rata over the remaining principal
payments. 

  
 2.3. Ratable Loans. Each
Advance hereunder shall consist of Loans made from the several Lenders ratably in proportion to the ratio that their respective Commitments bear to the Aggregate Commitment. 
  
 2.4. Types of Advances. The Advances may be Floating Rate Advances or Eurodollar Advances, or a combination thereof,
selected by the Borrower in accordance with Sections 2.8 and 2.9. 
  
 2.5. Commitment Fee; Reductions in Aggregate Commitment. The Borrower agrees to pay to the Agent for the account of each Lender a commitment fee of .25% per annum on the daily unused portion of such Lender’s Commitment from the
date hereof to and including the Revolving Credit Termination Date, payable on each Payment Date hereafter and on the Revolving Credit Termination Date. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among
the Lenders in a minimum aggregate amount of $10,000,000 or any integral multiple of $5,000,000 in excess thereof, upon at least two Business Days’ written notice to the Agent, which notice shall specify the amount of any such reduction,
provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Advances. All accrued commitment fees shall be payable on the effective date of any termination of the
obligations of the Lenders to make Loans hereunder. 
  
 2.6.
Minimum Amount of Each Advance. Each Eurodollar Advance shall be in the minimum amount of $5,000,000 (and in multiples of $1,000,000 if in excess thereof), and each Floating Rate Advance shall be in the minimum amount of $5,000,000 (and in
multiples of $1,000,000 if in excess thereof), provided, however, that any Floating Rate Advance may be in the amount of the unused Aggregate Commitment. 
  

2.7. Optional Principal Payments. The Borrower may from time to time pay, without penalty or premium, all outstanding Floating Rate Advances or
any portion of the outstanding Floating Rate Advances upon notice to the Agent by 10:00 a.m. (Chicago time) on the Business Day of the proposed prepayment. The Borrower may from time to time pay, subject to the payment of any funding indemnification
amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances, or, in a minimum aggregate amount of $5,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Eurodollar
Advances upon three Business Days’ prior notice to the Agent. Optional principal payments made after the Revolving Credit Termination Date shall be applied to the principal installments payable under Section 2.2.1 pro rata over the remaining
principal payments. 
  
 2.8. Method of Selecting Types and
Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Agent irrevocable notice (a
“Borrowing Notice”) not later than 10:00 a.m. (Chicago time) at least one Business Day before the Borrowing Date of each Floating Rate Advance and three Business Days before the Borrowing Date for each Eurodollar Advance, specifying:

  

	 	(i)	the Borrowing Date, which shall be a Business Day, of such Advance, 

  

 47 

	 	(ii)	the aggregate amount of such Advance, 

  

	 	(iii)	the Type of Advance selected, and 

  

	 	(iv)	in the case of each Eurodollar Advance, the Interest Period applicable thereto. 

  
 Not later than noon (Chicago time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available
in Chicago to the Agent at its address specified pursuant to Article XIII. The Agent will make the funds so received from the Lenders available to the Borrower at the Agent’s aforesaid address. 
  
 2.9. Conversion and Continuation of Outstanding Advances. Floating
Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurodollar Advance shall
continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid
in accordance with Section 2.7 or (y) the Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the
same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Borrower shall give the Agent irrevocable notice (a
“Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least three Business Days prior to the date of
the requested conversion or continuation, specifying: 
  

	 	(i)	the requested date, which shall be a Business Day, of such conversion or continuation, 

  

	 	(ii)	the aggregate amount and Type of the Advance which is to be converted or continued, and 

  

	 	(iii)	the amount of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto. 

 
 2.10. Changes in Interest Rate, etc. Each Floating Rate Advance
shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.9, to but
excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.9 hereof, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a
Floating Rate Advance will take effect simultaneously with each change in the Floating Rate. Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable
thereto to (but not including) the last day of such Interest Period at the interest rate determined by the Agent as applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.8 and 2.9 and otherwise in
accordance with the terms hereof. No Interest Period may end after the Facility Termination Date. The Borrower shall select Interest Periods so that it is not necessary to repay any portion of a Eurodollar Advance prior to the last day of the
applicable Interest Period in order to make a mandatory repayment required pursuant to Section 2.2.1. 
  
 2.11. Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8, 2.9 or 2.10, during the continuance of a
Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the
Lenders to changes in interest rates), declare that no Advance may be made as, converted into or continued as a Eurodollar 

  

 48 

 
Advance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option
of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each Eurodollar Advance shall bear interest for the remainder of the applicable Interest
Period at the rate otherwise applicable to such Interest Period plus 2% per annum and (ii) each Floating Rate Advance shall bear interest at a rate per annum equal to the Floating Rate in effect from time to time plus 2% per annum, provided
that, during the continuance of a Default under Section 7.6 or 7.7, the interest rates set forth in clauses (i) and (ii) above shall be applicable to all Advances without any election or action on the part of the Agent or any Lender. 
  
 2.12. Method of Payment. All payments of the Obligations hereunder
shall be made, without setoff, deduction, or counterclaim, in immediately available funds to the Agent at the Agent’s address specified pursuant to Article XIII, or at any other Lending Installation of the Agent specified in writing by the
Agent to the Borrower, by noon (local time) on the date when due and shall be applied ratably by the Agent among the Lenders. Each payment delivered to the Agent for the account of any Lender shall be delivered promptly by the Agent to such Lender
in the same type of funds that the Agent received at its address specified pursuant to Article XIII or at any Lending Installation specified in a notice received by the Agent from such Lender. The Agent is hereby authorized to charge the account of
the Borrower maintained with Bank One for each payment of principal, interest and fees as it becomes due hereunder. 
  
 2.13. Noteless Agreement; Evidence of Indebtedness. (i) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 
  
 (ii) The Agent shall also maintain accounts in which it will record (a) the
amount of each Loan made hereunder, the Type thereof and the Interest Period with respect thereto, (b) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (c) the amount
of any sum received by the Agent hereunder from the Borrower and each Lender’s share thereof. 
  
 (iii) The entries maintained in the accounts maintained pursuant to paragraphs (i) and (ii) above shall be prima facie evidence of the existence
and amounts of the Obligations therein recorded; provided, however, that the failure of the Agent or any Lender to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the
Obligations in accordance with their terms. 
  
 (iv) Any Lender
may request that its Loans be evidenced by a promissory note in substantially the form of Exhibit D (a “Note”). In such event, the Borrower shall prepare, execute and deliver to such Lender such Note payable to the order of such Lender.
Thereafter, the Loans evidenced by such Note and interest thereon shall at all times (prior to any assignment pursuant to Section 12.3) be represented by one or more Notes payable to the order of the payee named therein, except to the extent that
any such Lender subsequently returns any such Note for cancellation and requests that such Loans once again be evidenced as described in paragraphs (i) and (ii) above. 
  
 2.14. Telephonic Notices. The Borrower hereby authorizes the Lenders and the Agent to extend, convert or continue
Advances, effect selections of Types of Advances and to transfer funds based on telephonic notices made by any person or persons the Agent or any Lender in good faith believes to be acting on behalf of the Borrower, it being understood that the
foregoing authorization is specifically intended to allow Borrowing Notices and Conversion/Continuation Notices to be given telephonically. The Borrower agrees to deliver promptly to the Agent a written confirmation, if such confirmation is
requested by the Agent or any Lender, of each telephonic notice signed by an Authorized Officer. If the written confirmation differs in any material respect from the action taken by the Agent and the Lenders, the records of the Agent and the Lenders
shall govern absent manifest error. 
  

 49 

 2.15. Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate
Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, on any date on which the Floating Rate Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued
on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be
payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Advance having an Interest Period longer
than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest with respect to Eurodollar Loans and commitment fees shall be calculated for actual days elapsed on the basis of a 360-day
year. Interest with respect to Floating Rate Loans shall be calculated for the actual days elapsed on the basis of a 365 or 366-day year, as applicable. Interest shall be payable for the day an Advance is made but not for the day of any payment on
the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next
succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment. 
  

2.16. Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the Agent will notify
each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each
Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Floating Rate. 
  
 2.17. Lending Installations. Each Lender may book its Loans at any Lending Installation selected by such Lender and may change its Lending
Installation from time to time. All terms of this Agreement shall apply to any such Lending Installation and the Loans and any Notes issued hereunder shall be deemed held by each Lender for the benefit of any such Lending Installation. Each Lender
may, by written notice to the Agent and the Borrower in accordance with Article XIII, designate replacement or additional Lending Installations through which Loans will be made by it and for whose account Loan payments are to be made. 
  
 2.18. Non-Receipt of Funds by the Agent. Unless the Borrower or a
Lender, as the case may be, notifies the Agent prior to the date on which it is scheduled to make payment to the Agent of (i) in the case of a Lender, the proceeds of a Loan or (ii) in the case of the Borrower, a payment of principal, interest or
fees to the Agent for the account of the Lenders, that it does not intend to make such payment, the Agent may assume that such payment has been made. The Agent may, but shall not be obligated to, make the amount of such payment available to the
intended recipient in reliance upon such assumption. If such Lender or the Borrower, as the case may be, has not in fact made such payment to the Agent, the recipient of such payment shall, on demand by the Agent, repay to the Agent the amount so
made available together with interest thereon in respect of each day during the period commencing on the date such amount was so made available by the Agent until the date the Agent recovers such amount at a rate per annum equal to (x) in the case
of payment by a Lender, the Federal Funds Effective Rate for such day for the first three days and, thereafter, the interest rate applicable to the relevant Loan or (y) in the case of payment by the Borrower, the interest rate applicable to the
relevant Loan. 
  
 ARTICLE III 
  
 YIELD PROTECTION; TAXES 
  
 3.1. Yield Protection. If, on or after the date of this Agreement, the
adoption of any law or any governmental or quasi-governmental rule, regulation, policy, guideline or directive (whether or not having 

  

 50 

 
the force of law), or any change in the interpretation or administration thereof by any governmental or quasi-governmental authority, central bank or
comparable agency charged with the interpretation or administration thereof, or compliance by any Lender or applicable Lending Installation with any request or directive (whether or not having the force of law) of any such authority, central bank or
comparable agency: 
  

	 	(i)	subjects any Lender or any applicable Lending Installation to any Taxes, or changes the basis of taxation of payments (other than with respect to Excluded Taxes) to any Lender in
respect of its Eurodollar Loans, or 

  

	 	(ii)	imposes or increases or deems applicable any reserve, assessment, insurance charge, special deposit or similar requirement against assets of, deposits with or for the account of, or
credit extended by, any Lender or any applicable Lending Installation (other than reserves and assessments taken into account in determining the interest rate applicable to Eurodollar Advances), or 

  

	 	(iii)	imposes any other condition the result of which is to increase the cost to any Lender or any applicable Lending Installation of making, funding or maintaining its Eurodollar Loans
or reduces any amount receivable by any Lender or any applicable Lending Installation in connection with its Eurodollar Loans, or requires any Lender or any applicable Lending Installation to make any payment calculated by reference to the amount of
Eurodollar Loans held or interest received by it, by an amount deemed material by such Lender, 

  
 and the result of any of the foregoing is to increase the cost to such Lender or applicable Lending Installation of making or maintaining its Eurodollar Loans or Commitment or to reduce the return received by such
Lender or applicable Lending Installation in connection with such Eurodollar Loans or Commitment, then, within 15 days of demand by such Lender, the Borrower shall pay such Lender such additional amount or amounts as will compensate such Lender for
such increased cost or reduction in amount received. 
  
 3.2. Changes in Capital Adequacy Regulations. If a Lender determines the amount of capital required or expected to be maintained by such Lender, any Lending Installation of such Lender or any corporation controlling such Lender is
increased as a result of a Change, then, within 15 days of demand by such Lender, the Borrower shall pay such Lender the amount necessary to compensate for any shortfall in the rate of return on the portion of such increased capital which such
Lender determines is attributable to this Agreement, its Loans or its Commitment to make Loans hereunder (after taking into account such Lender’s policies as to capital adequacy). “Change” means (i) any change after the date of this
Agreement in the Risk-Based Capital Guidelines or (ii) any adoption of or change in any other law, governmental or quasi-governmental rule, regulation, policy, guideline, interpretation, or directive (whether or not having the force of law) after
the date of this Agreement which affects the amount of capital required or expected to be maintained by any Lender or any Lending Installation or any corporation controlling any Lender. “Risk-Based Capital Guidelines” means (i) the
risk-based capital guidelines in effect in the United States on the date of this Agreement, including transition rules, and (ii) the corresponding capital regulations promulgated by regulatory authorities outside the United States implementing the
July 1988 report of the Basle Committee on Banking Regulation and Supervisory Practices Entitled “International Convergence of Capital Measurements and Capital Standards,” including transition rules, and any amendments to such regulations
adopted prior to the date of this Agreement. 
  
 3.3.
Availability of Types of Advances. If any Lender determines that maintenance of its Eurodollar Loans at a suitable Lending Installation would violate any applicable law, rule, regulation, or directive, whether or not having the force of law,
or if the Required Lenders determine that (i) deposits of a type and maturity appropriate to match fund Eurodollar Advances are not available or (ii) the interest rate applicable to Eurodollar Advances does not accurately reflect the cost of making
or maintaining Eurodollar Advances, then the Agent shall suspend the availability of Eurodollar Advances and require any affected Eurodollar Advances to be repaid or converted to Floating Rate Advances, subject to the payment of any funding
indemnification amounts required by Section 3.4. 
  

 51 

 3.4. Funding Indemnification. If any payment of a Eurodollar Advance occurs on a date which is not
the last day of the applicable Interest Period, whether because of acceleration, prepayment or otherwise, or a Eurodollar Advance is not made on the date specified by the Borrower for any reason other than default by the Lenders, the Borrower will
indemnify each Lender for any loss or cost incurred by it resulting therefrom, including, without limitation, any loss or cost in liquidating or employing deposits acquired to fund or maintain such Eurodollar Advance. 
  
 3.5. Taxes. (i) All payments by the Borrower to or for the account of
any Lender or the Agent hereunder or under any Note shall be made free and clear of and without deduction for any and all Taxes. If the Borrower shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder to any
Lender or the Agent, (a) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 3.5) such Lender or the Agent (as the case may be)
receives an amount equal to the sum it would have received had no such deductions been made, (b) the Borrower shall make such deductions, (c) the Borrower shall pay the full amount deducted to the relevant authority in accordance with applicable law
and (d) the Borrower shall furnish to the Agent the original copy of a receipt evidencing payment thereof within 30 days after such payment is made. 
  
 (ii) In addition, the Borrower hereby agrees to pay any present or future stamp or documentary taxes and any other excise or property taxes, charges or
similar levies which arise from any payment made hereunder or under any Note or from the execution or delivery of, or otherwise with respect to, this Agreement or any Note (“Other Taxes”). 
  
 (iii) The Borrower hereby agrees to indemnify the Agent and each Lender for
the full amount of Taxes or Other Taxes (including, without limitation, any Taxes or Other Taxes imposed on amounts payable under this Section 3.5) paid by the Agent or such Lender as a result of its Commitment, any Loans made by it hereunder, or
otherwise in connection with its participation in this Agreement and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto. Payments due under this indemnification shall be made within 30 days of the
date the Agent or such Lender makes demand therefor pursuant to Section 3.6. 
  
 (iv) Each Lender that is not incorporated under the laws of the United States of America or a state thereof (each a “Non-U.S. Lender”) agrees that it will, not more than ten Business Days after the date of
this Agreement (or, pursuant to Section 12.5, not more than ten Business Days after becoming a Transferee hereunder), (i) deliver to the Agent two duly completed copies of United States Internal Revenue Service Form W-8BEN or W-8ECI, certifying in
either case that such Lender is entitled to receive payments under this Agreement without deduction or withholding of any United States federal income taxes, and (ii) deliver to the Agent a United States Internal Revenue Form W-8 or W-9, as the case
may be, and certify that it is entitled to an exemption from United States backup withholding tax. Each Non-U.S. Lender further undertakes to deliver to each of the Borrower and the Agent (x) renewals or additional copies of such form (or any
successor form) on or before the date that such form expires or becomes obsolete, and (y) after the occurrence of any event requiring a change in the most recent forms so delivered by it, such additional forms or amendments thereto as may be
reasonably requested by the Borrower or the Agent. All forms or amendments described in the preceding sentence shall certify that such Lender is entitled to receive payments under this Agreement without deduction or withholding of any United States
federal income taxes, unless an event (including without limitation any change in treaty, law or regulation) has occurred prior to the date on which any such delivery would otherwise be required which renders all such forms inapplicable or
which would prevent such Lender from duly completing and delivering any such form or amendment with respect to it and such Lender advises the Borrower and the Agent that it is not capable of receiving payments without any deduction or withholding of
United States federal income tax. 
  

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 (v) For any period during which a Non-U.S. Lender has failed to provide the Borrower with an appropriate
form pursuant to clause (iv), above (unless such failure is due to a change in treaty, law or regulation, or any change in the interpretation or administration thereof by any governmental authority, occurring subsequent to the date on which a form
originally was required to be provided), such Non-U.S. Lender shall not be entitled to indemnification under this Section 3.5 with respect to Taxes imposed by the United States; provided that, should a Non-U.S. Lender which is otherwise
exempt from or subject to a reduced rate of withholding tax become subject to Taxes because of its failure to deliver a form required under clause (iv), above, the Borrower shall take such steps as such Non-U.S. Lender shall reasonably request to
assist such Non-U.S. Lender to recover such Taxes. 
  
 (vi) Any
Lender that is entitled to an exemption from or reduction of withholding tax with respect to payments under this Agreement or any Note pursuant to the law of any relevant jurisdiction or any treaty shall deliver to the Borrower (with a copy to the
Agent), at the time or times prescribed by applicable law, such properly completed and executed documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate. 
  
 (vii) If the U.S. Internal Revenue Service or any other governmental
authority of the United States or any other country or any political subdivision thereof asserts a claim that the Agent did not properly withhold tax from amounts paid to or for the account of any Lender (because the appropriate form was not
delivered or properly completed, because such Lender failed to notify the Agent of a change in circumstances which rendered its exemption from withholding ineffective, or for any other reason), such Lender shall indemnify the Agent fully for all
amounts paid, directly or indirectly, by the Agent as tax, withholding therefor, or otherwise, including penalties and interest, and including taxes imposed by any jurisdiction on amounts payable to the Agent under this subsection, together with all
costs and expenses related thereto (including attorneys fees and time charges of attorneys for the Agent, which attorneys may be employees of the Agent). The obligations of the Lenders under this Section 3.5(vii) shall survive the payment of the
Obligations and termination of this Agreement. 
  
 3.6. Lender
Statements; Survival of Indemnity. To the extent reasonably possible, each Lender shall designate an alternate Lending Installation with respect to its Eurodollar Loans to reduce any liability of the Borrower to such Lender under Sections 3.1,
3.2 and 3.5 or to avoid the unavailability of Eurodollar Advances under Section 3.3, so long as such designation is not, in the judgment of such Lender, disadvantageous to such Lender. Each Lender shall deliver a written statement of such Lender to
the Borrower (with a copy to the Agent) as to the amount due, if any, under Section 3.1, 3.2, 3.4 or 3.5. Such written statement shall set forth in reasonable detail the calculations upon which such Lender determined such amount and shall be final,
conclusive and binding on the Borrower in the absence of manifest error. Determination of amounts payable under such Sections in connection with a Eurodollar Loan shall be calculated as though each Lender funded its Eurodollar Loan through the
purchase of a deposit of the type and maturity corresponding to the deposit used as a reference in determining the Eurodollar Rate applicable to such Loan, whether in fact that is the case or not. Unless otherwise provided herein, the amount
specified in the written statement of any Lender shall be payable on demand after receipt by the Borrower of such written statement. The obligations of the Borrower under Sections 3.1, 3.2, 3.4 and 3.5 shall survive payment of the Obligations and
termination of this Agreement. 
  

 53 

 ARTICLE IV 
  

CONDITIONS PRECEDENT 
  
 4.1. Initial Advance. The Lenders shall not be required to make the initial Advance hereunder unless and until the Borrower has furnished to the
Agent with sufficient copies for the Lenders and the other conditions set forth below have been satisfied: 
  

	 	(i)	Copies of the articles or certificate of incorporation of the Borrower, together with all amendments, and a certificate of good standing, each certified by the appropriate
governmental officer in its jurisdiction of incorporation. 

  

	 	(ii)	Copies, certified by the Secretary or Assistant Secretary of the Borrower, of its by-laws and of its Board of Directors’ resolutions and of resolutions or actions of any other
body authorizing the execution of the Loan Documents to which the Borrower is a party. 

  

	 	(iii)	An incumbency certificate, executed by the Secretary or Assistant Secretary of the Borrower, which shall identify by name and title and bear the signatures of the Authorized
Officers and any other officers of the Borrower authorized to sign the Loan Documents to which the Borrower is a party, upon which certificate the Agent and the Lenders shall be entitled to rely until informed of any change in writing by the
Borrower. 

  

	 	(iv)	A certificate, signed by the chief financial officer or corporate controller of the Borrower, stating that on the initial Borrowing Date no Default or Unmatured Default has occurred
and is continuing. 

  

	 	(v)	A written opinion of Morgan, Lewis & Bockius LLP, the Borrower’s counsel, addressed to the Lenders in form and substance satisfactory to the Agent.

  

	 	(vi)	Any Notes requested by a Lender pursuant to Section 2.13 payable to the order of each such requesting Lender. 

  

	 	(vii)	Written money transfer instructions, in substantially the form of Exhibit C, addressed to the Agent and signed by an Authorized Officer, together with such other related money
transfer authorizations as the Agent may have reasonably requested. 

  

	 	(viii)	The Existing Term Loan Agreement shall have been amended in form and substance satisfactory to the Agent and its counsel to (a) permit the Indebtedness under this Agreement and (b)
amend the change in control provisions therein. 

  

	 	(ix)	A compliance certificate in substantially the form of Exhibit A signed by the Borrower’s chief financial officer showing the calculations necessary to determine compliance with
this Agreement for fiscal quarter ended June 30, 2003 and stating that no Default or Unmatured Default exists. 

  

	 	(x)	The Borrower shall have paid all fees due to Bank One under the fee letter dated June 13, 2003. 

  

	 	(xi)	Such other documents as any Lender or its counsel may have reasonably requested. 

  

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 4.2. Each Advance. The Lenders shall not be required to make any Advance unless on the applicable
Borrowing Date: 
  

	 	(i)	There exists no Default or Unmatured Default. 

  

	 	(ii)	The representations and warranties contained in Article V are true and correct as of such Borrowing Date except to the extent any such representation or warranty is stated to relate
solely to an earlier date, in which case such representation or warranty shall have been true and correct on and as of such earlier date. 

  
 Each Borrowing Notice with respect to each such Advance shall constitute a representation and warranty by the Borrower that the conditions contained in
Sections 4.2(i) and (ii) have been satisfied. Any Lender may require a duly completed compliance certificate in substantially the form of Exhibit A as a condition to making an Advance. 
  
 ARTICLE V 
  
 REPRESENTATIONS AND WARRANTIES 
  
 The Borrower represents and warrants to the Lenders that: 
  
 5.1. Existence and Standing. Each of the Borrower and its Subsidiaries is a corporation, partnership (in the case of Subsidiaries only) or limited
liability company duly and properly incorporated or organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization and has
all requisite authority to conduct its business in each jurisdiction in which its business is conducted, except where the absence of such authority could not reasonably be expected to result in a Material Adverse Effect. 
  
 5.2. Authorization and Validity. The Borrower has the power and
authority and legal right to execute and deliver the Loan Documents and to perform its obligations thereunder. The execution and delivery by the Borrower of the Loan Documents and the performance of its obligations thereunder have been duly
authorized by proper corporate proceedings, and the Loan Documents to which the Borrower is a party constitute legal, valid and binding obligations of the Borrower enforceable against the Borrower in accordance with their terms, except as
enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally. 
  
 5.3. No Conflict; Government Consent. Neither the execution and delivery by the Borrower of the Loan Documents, nor the consummation of the
transactions therein contemplated, nor compliance with the provisions thereof will violate (i) any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on the Borrower or any of its Subsidiaries or (ii) the
Borrower’s or any Subsidiary’s articles or certificate of incorporation, partnership agreement, certificate of partnership, articles or certificate of organization, by-laws, or operating or other management agreement, as the case may be,
or (iii) the provisions of any indenture, instrument or agreement to which the Borrower or any of its Subsidiaries is a party or is subject, or by which it, or its Property, is bound, or conflict with or constitute a default thereunder, or result
in, or require, the creation or imposition of any Lien in, of or on the Property of the Borrower or a Subsidiary pursuant to the terms of any such indenture, instrument or agreement. No order, consent, adjudication, approval, license, authorization,
or validation of, or filing, recording or registration with, or exemption by, or other action in respect of any governmental or public body or authority, or any subdivision thereof, which has not been obtained by the Borrower or any of its
Subsidiaries, is required to be obtained by the Borrower or any of its Subsidiaries in connection with the execution and delivery of the Loan Documents, the borrowings under this Agreement, the payment and performance by the Borrower of the
Obligations or the legality, validity, binding effect or enforceability of any of the Loan Documents. 
  

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 5.4. Financial Statements. The December 31, 2002 audited consolidated financial statements of the
Borrower and its Subsidiaries and the June 30, 2003 unaudited consolidated financial statements of the Borrower and its Subsidiaries heretofore delivered to the Lenders were prepared in accordance with generally accepted accounting principles in
effect on the date such statements were prepared and fairly present the consolidated financial condition and operations of the Borrower and its Subsidiaries at such date and the consolidated results of their operations for the period then ended.

  
 5.5. Material Adverse Change. Since December 31, 2002
there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect. 
  
 5.6. Taxes. The Borrower and its Subsidiaries have filed all United
States federal tax returns and all other tax returns which are required to be filed and have paid all taxes due pursuant to said returns or pursuant to any assessment received by the Borrower or any of its Subsidiaries, except such taxes, if any, as
are being contested in good faith and as to which adequate reserves have been provided in accordance with Agreement Accounting Principles and as to which no Lien exists. The United States income tax returns of the Borrower and its Subsidiaries have
been audited by the Internal Revenue Service through the fiscal year ended December 31, 1993. No tax liens have been filed and no claims are being asserted with respect to any such taxes. The charges, accruals and reserves on the books of the
Borrower and its Subsidiaries in respect of any taxes or other governmental charges are adequate. 
  
 5.7. Litigation and Contingent Obligations. There is no litigation, arbitration, governmental investigation, proceeding or inquiry pending or, to
the knowledge of any of their officers, threatened against or affecting the Borrower or any of its Subsidiaries which could reasonably be expected to have a Material Adverse Effect or which seeks to prevent, enjoin or delay the making of any Loans.
Other than any liability incident to any litigation, arbitration or proceeding which could not reasonably be expected to have a Material Adverse Effect, the Borrower has no material contingent obligations not provided for or disclosed in the
financial statements referred to in Section 5.4. 
  
 5.8.
Subsidiaries. Schedule 5.8 contains an accurate list of all Subsidiaries of the Borrower as of the date of this Agreement, setting forth their respective jurisdictions of organization and the percentage of their respective capital stock or
other ownership interests owned by the Borrower or other Subsidiaries. All of the issued and outstanding shares of capital stock or other ownership interests of such Subsidiaries have been (to the extent such concepts are relevant with respect to
such ownership interests) duly authorized and issued and are fully paid and non-assessable. 
  
 5.9. ERISA. Neither the Borrower nor any other member of the Controlled Group has incurred, or is reasonably expected to incur, any withdrawal liability to Multiemployer Plans in excess of $500,000 in the
aggregate. Each Plan complies in all material respects with all applicable requirements of law and regulations, no Reportable Event has occurred with respect to any Plan, neither the Borrower nor any other member of the Controlled Group has
withdrawn from any Plan or initiated steps to do so, and no steps have been taken to reorganize or terminate any Plan. 
  
 5.10. Accuracy of Information. No information, exhibit or report furnished by the Borrower or any of its Subsidiaries to the Agent or to any Lender
in connection with the negotiation of, or compliance with, the Loan Documents contained any material misstatement of fact or omitted to state a material fact or any fact necessary to make the statements contained therein not misleading. 

 
 5.11. Regulation U. Margin stock (as defined in Regulation U)
constitutes less than 25% of the value of those assets of the Borrower and its Subsidiaries which are subject to any limitation on sale, pledge, or other restriction hereunder. No part of the proceeds of any Loan will be used in a manner which would
violate, or result in a violation of, Regulation T, Regulation U or Regulation X. Neither the making of any Advance hereunder nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulation T, Regulation U or
Regulation X. 
  

 56 

 5.12. Material Agreements. Neither the Borrower nor any Subsidiary is a party to any agreement or
instrument or subject to any charter or other corporate restriction which could reasonably be expected to have a Material Adverse Effect. Neither the Borrower nor any Subsidiary is in default in the performance, observance or fulfillment of any of
the obligations, covenants or conditions contained in (i) any agreement to which it is a party, which default could reasonably be expected to have a Material Adverse Effect or (ii) any agreement or instrument evidencing or governing Material
Indebtedness. 
  
 5.13. Compliance With Laws. The Borrower
and its Subsidiaries have complied with all applicable statutes, rules, regulations, orders and restrictions of any domestic or foreign government or any instrumentality or agency thereof having jurisdiction over the conduct of their respective
businesses or the ownership of their respective Property, except for any failure to comply with any of the foregoing which could not reasonably be expected to have a Material Adverse Effect. 
  
 5.14. Ownership of Properties. On the date of this Agreement, the
Borrower and its Subsidiaries will have good title, free of all Liens other than those permitted by Section 6.15, to all of the Property and assets reflected in the Borrower’s most recent consolidated financial statements provided to the Agent
as owned by the Borrower and its Subsidiaries. 
  
 5.15. Plan
Assets; Prohibited Transactions. The Borrower is not an entity deemed to hold “plan assets” within the meaning of 29 C.F.R. § 2510.3-101 of an employee benefit plan (as defined in Section 3(3) of ERISA) which is subject to Title I
of ERISA or any plan (within the meaning of Section 4975 of the Code), and neither the execution of this Agreement nor the making of Loans hereunder gives rise to a prohibited transaction within the meaning of Section 406 of ERISA or Section 4975 of
the Code. 
  
 5.16. Investment Company Act. Neither the
Borrower nor any Subsidiary is an “investment company” or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. 
  
 5.17. Public Utility Holding Company Act. Neither the Borrower nor any
Subsidiary is a “holding company” or a “subsidiary company” of a “holding company”, or an “affiliate” of a “holding company” or of a “subsidiary company” of a “holding company”,
within the meaning of the Public Utility Holding Company Act of 1935, as amended. 
  
 5.18. Subordinated Indebtedness. The Obligations constitute senior indebtedness which is entitled to the benefits of the subordination provisions of all outstanding Subordinated Indebtedness. 
  
 5.19. Insurance. The properties of the Borrower and its Subsidiaries
are insured with financially sound and reputable insurance companies (not Affiliates of the Borrower) in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and are
similarly situated. 
  
 5.20. Solvency. (i) Immediately
following the making of each Loan, if any, made on the date hereof and after giving effect to the application of the proceeds of such Loans, (a) the fair value of the assets of the Borrower and its Subsidiaries on a consolidated basis, at a fair
valuation, will exceed the debts and liabilities, subordinated, contingent or otherwise, of the Borrower and its Subsidiaries on a consolidated basis; (b) the present fair saleable value of the Property of the Borrower and its Subsidiaries on a
consolidated basis will be greater than the amount that will be required to pay the probable liability of the Borrower and its Subsidiaries on a consolidated basis on their debts and other liabilities, subordinated, contingent or otherwise, as such
debts and other liabilities become absolute and matured; (c) the Borrower and its Subsidiaries on a consolidated basis will be able to pay their debts and liabilities, subordinated, contingent or otherwise, as 

  

 57 

 
such debts and liabilities become absolute and matured; and (d) the Borrower and its Subsidiaries on a consolidated basis will not have unreasonably small
capital with which to conduct the businesses in which they are engaged as such businesses are now conducted and are proposed to be conducted after the date hereof. 
  
 (ii) The Borrower does not intend to, or to permit any of its Subsidiaries to, and does not believe that it or any of its
Subsidiaries will, incur debts beyond its ability to pay such debts as they mature, taking into account the timing of and amounts of cash to be received by it or any such Subsidiary and the timing of the amounts of cash to be payable on or in
respect of its Indebtedness or the Indebtedness of any such Subsidiary. 
  
 5.21. Reportable Transaction . The Borrower does not intend to treat the Advances and related transactions as being a “reportable transaction” (within the meaning of Treasury Regulation Section 1.6011-4). In the event the
Borrower determines to take any action inconsistent with such intention, it will promptly notify the Agent thereof 
  
 ARTICLE VI 
  
 COVENANTS 
  
 During the term of this
Agreement, unless the Required Lenders shall otherwise consent in writing: 
  
 6.1. Financial Reporting. The Borrower will maintain, for itself and each Subsidiary, a system of accounting established and administered in accordance with generally accepted accounting principles, and furnish
to the Lenders: 
  

	 	(i)	Within 90 days after the close of each of its fiscal years, an unqualified audit report certified by independent certified public accountants acceptable to the Lenders, prepared in
accordance with Agreement Accounting Principles on a consolidated and consolidating basis (consolidating statements need not be certified by such accountants) for itself and its Subsidiaries, including balance sheets as of the end of such period,
related profit and loss and reconciliation of surplus statements, and a statement of cash flows, accompanied by a certificate of said accountants that, in the course of their examination necessary for their certification of the foregoing, they have
obtained no knowledge of any Default or Unmatured Default with respect to a breach of Section 6.22, or if, in the opinion of such accountants, any Default or Unmatured Default shall exist with respect to a breach of Section 6.22, stating the nature
and status thereof. 

  

	 	(ii)	Within 45 days after the close of the first three quarterly periods of each of its fiscal years, for itself and its Subsidiaries, consolidated and consolidating unaudited balance
sheets as at the close of each such period and consolidated and consolidating profit and loss and reconciliation of surplus statements and a statement of cash flows for the period from the beginning of such fiscal year to the end of such quarter,
all certified by its chief financial officer. 

  

	 	(iii)	Together with the financial statements required under Sections 6.1(i) and (ii), a compliance certificate in substantially the form of Exhibit A signed by its chief financial officer
or corporate controller showing the calculations necessary to determine compliance with this Agreement and stating that no Default or Unmatured Default exists, or if any Default or Unmatured Default exists, stating the nature and status thereof.

  

 58 

	 	(iv)	Within 270 days after the close of each fiscal year, a statement of the Unfunded Liabilities of each Single Employer Plan, certified as correct by an actuary enrolled under ERISA.

  

	 	(v)	As soon as possible and in any event within 10 days after the Borrower knows that any Reportable Event has occurred with respect to any Plan, a statement, signed by the chief
financial officer of the Borrower, describing said Reportable Event and the action which the Borrower proposes to take with respect thereto. 

  

	 	(vi)	As soon as possible and in any event within 10 days after receipt by the Borrower, a copy of (a) any notice or claim to the effect that the Borrower or any of its Subsidiaries is or
may be liable to any Person as a result of the release by the Borrower, any of its Subsidiaries, or any other Person of any toxic or hazardous waste or substance into the environment, and (b) any notice alleging any violation of any federal, state
or local environmental, health or safety law or regulation by the Borrower or any of its Subsidiaries, which, in either case, could reasonably be expected to have a Material Adverse Effect. 

  

	 	(vii)	Promptly upon the furnishing thereof to the shareholders of the Borrower, copies of all financial statements, reports and proxy statements so furnished. 

  

	 	(viii)	Promptly upon the filing thereof, copies of all registration statements and annual, quarterly, monthly or other regular reports which the Borrower or any of its Subsidiaries files
with the Securities and Exchange Commission. 

  

	 	(ix)	Such other information (including non-financial information) as the Agent or any Lender may from time to time reasonably request. 

  
 6.2. Use of Proceeds. The Borrower will, and will cause each
Subsidiary to, use the proceeds of the Advances for general corporate purposes (including the repurchase of the common stock of the Borrower). The Borrower will not, nor will it permit any Subsidiary to, use any of the proceeds of the Advances to
make any Acquisition or to purchase or carry any “margin stock” (as defined in Regulation U) other than relating to the repurchase of the common stock of the Borrower in compliance with Section 6.21. 
  
 6.3. Notice of Default. The Borrower will, and will cause each
Subsidiary to, give prompt notice in writing to the Lenders of the occurrence of any Default or Unmatured Default and of any other development, financial or otherwise, which could reasonably be expected to have a Material Adverse Effect. 

 
 6.4. Conduct of Business. The Borrower will, and will cause each
Subsidiary to, carry on and conduct its business in substantially the same manner and in substantially the same fields of enterprise as it is presently conducted and do all things necessary to remain duly incorporated or organized, validly existing
and (to the extent such concept applies to such entity) in good standing as a domestic corporation, partnership or limited liability company in its jurisdiction of incorporation or organization, as the case may be, and maintain all requisite
authority to conduct its business in each jurisdiction in which its business is conducted. 
  
 6.5. Taxes. The Borrower will, and will cause each Subsidiary to, timely file complete and correct United States federal and applicable foreign, state and local tax returns required by law and pay when due all
taxes, assessments and governmental charges and levies upon it or its income, profits or Property, except those which are being contested in good faith by appropriate proceedings and with respect to which adequate reserves have been set aside in
accordance with Agreement Accounting Principles. 
  
 6.6.
Insurance. The Borrower will, and will cause each Subsidiary to, maintain with financially sound and reputable insurance companies (not Affiliates of the Borrower) insurance on all their Property in such amounts and covering such risks as is
consistent with sound business practice, and the Borrower will furnish to any Lender upon request full information as to the insurance carried. 
  

 59 

 6.7. Compliance with Laws. The Borrower will, and will cause each Subsidiary to, comply with all
laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject including, without limitation, all Environmental Laws. 
  
 6.8. Maintenance of Properties. The Borrower will, and will cause each Subsidiary to, do all things necessary to
maintain, preserve, protect and keep its Property in good repair, working order and condition, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly conducted at
all times. 
  
 6.9. Inspection. The Borrower will, and will
cause each Subsidiary to, permit the Agent and the Lenders, by their respective representatives and agents, to inspect any of the Property, books and financial records of the Borrower and each Subsidiary, to examine and make copies of the books of
accounts and other financial records of the Borrower and each Subsidiary, and to discuss the affairs, finances and accounts of the Borrower and each Subsidiary with, and to be advised as to the same by, their respective officers at such reasonable
times and intervals as the Agent or any Lender may designate. 
  
 6.10. Dividends. The Borrower will not, nor will it permit any Subsidiary to, declare or pay any dividends or make any distributions on its capital stock (other than dividends payable in its own capital stock) or redeem, repurchase
or otherwise acquire or retire any of its capital stock at any time outstanding, except that (i) any Subsidiary may declare and pay dividends or make distributions to the Borrower or to a Wholly-Owned Subsidiary, and (ii) the Borrower may declare
and pay dividends on its capital stock or repurchase or redeem it common stock provided that no Default or Unmatured Default shall exist before or after giving effect to such dividends or be created as a result thereof. 
  
 6.11. Indebtedness. The Borrower will not, nor will it permit any
Subsidiary to, create, incur or suffer to exist any Indebtedness, except: 
  

	 	(i)	The Loans. 

  

	 	(ii)	Indebtedness existing on the date hereof and described in Schedule 6.11. 

  

	 	(iii)	Indebtedness arising under Rate Management Transactions related to the Loans or related to Indebtedness on Schedule 6.11. 

  

	 	(iv)	Unsecured trade credits or open accounts incurred in the ordinary course of business. 

  

	 	(v)	Indebtedness related to purchase money security interests arising in the ordinary course of the Borrower’s business; provided that the amount of such Indebtedness shall
not exceed an amount equal to 100% of the lesser of the total purchase price or fair market value at the time of acquisition of such assets. 

  

	 	(vi)	Capitalized Lease Obligations under Capitalized Leases arising in the ordinary course of business consistent with past practice. 

  

	 	(vii)	Indebtedness which constitutes a renewal, extension, substitution, refinancing or replacement (collectively “Restructuring”) of Indebtedness of the Borrower and its
Subsidiaries; provided that the resulting Indebtedness from such Restructuring shall continue to be solely the obligation of the original obligor on such restructured Indebtedness and shall not increase the outstanding principal amount of
such restructured Indebtedness. 

  

 60 

	 	(viii)	Other Indebtedness in an aggregate principal amount outstanding at any one time not to exceed $20,000,000. 

  
 6.12. Merger. The Borrower will not, nor will it permit any Subsidiary
to, merge or consolidate with or into any other Person, except that a Subsidiary may merge into the Borrower or a Wholly-Owned Subsidiary. 
  
 6.13. Sale of Assets. The Borrower will not, nor will it permit any Subsidiary to, lease, sell or otherwise dispose of its Property to any other
Person, except: 
  

	 	(i)	Sales of inventory in the ordinary course of business. 

  

	 	(ii)	Leases, sales or other dispositions of its Property that, together with all other Property of the Borrower and its Subsidiaries previously leased, sold or disposed of (other than
inventory in the ordinary course of business) as permitted by this Section during the twelve-month period ending with the month in which any such lease, sale or other disposition occurs, do not constitute a Substantial Portion of the Property of the
Borrower and its Subsidiaries. 

  
 6.14.
Investments and Acquisitions. The Borrower will not, nor will it permit any Subsidiary to, make or suffer to exist any Investments (including without limitation, loans and advances to, and other Investments in, Subsidiaries), or commitments
therefor, or to create any Subsidiary or to become or remain a partner in any partnership or joint venture, or to make any Acquisition of any Person, except: 
  

	 	(i)	Cash Equivalent Investments. 

  

	 	(ii)	Existing Investments in Subsidiaries and other Investments in existence on the date hereof and described in Schedule 6.14. 

  

	 	(iii)	Investments by the Borrower and its Subsidiaries in and to Wholly-Owned Subsidiaries. 

  

	 	(iv)	Investments in new mutual funds or other pooled investment vehicles sponsored, managed or administered by the Borrower or any Subsidiary, provided that the amount of any Investment
in any new mutual fund or other pooled investment vehicle administered (but not sponsored or managed) by the Borrower or any Subsidiary shall not exceed the lesser of (A) $500,000, or (B) the minimum amount of such Investment required by applicable
law. 

  

	 	(v)	Subject to Section 6.10, Investments in the Borrower’s common stock related to a disclosed stock repurchase or buy-back plan. 

  

	 	(vi)	Other Investments; provided that immediately after giving effect thereto the aggregate outstanding value of all such other Investments (valued immediately after giving effect
thereto) would not exceed the greater of (A) $30,000,000 or (B) 10% of Consolidated Net Worth, both determined as of the date of such additional other Investment is made. 

  
 In valuing any Investments for the purpose of applying the limitations set forth in this Section 6.14, such Investment shall be taken at the
original cost thereof, without allowance for any subsequent write-offs or application or depreciation therein, but less any amount repaid or recovered on account of capital or principal. 
  
  

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 6.15. Liens. The Borrower will not, nor will it permit any Subsidiary to, create, incur, or suffer
to exist any Lien in, of or on the Property of the Borrower or any of its Subsidiaries, except: 
  

	 	(i)	Liens for taxes, assessments or governmental charges or levies on its Property if the same shall not at the time be delinquent or thereafter can be paid without penalty, or are
being contested in good faith and by appropriate proceedings and for which adequate reserves in accordance with Agreement Accounting Principles shall have been set aside on its books. 

  

	 	(ii)	Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ liens and other similar liens arising in the ordinary course of business which secure payment
of obligations not more than 60 days past due or which are being contested in good faith by appropriate proceedings and for which adequate reserves shall have been set aside on its books. 

  

	 	(iii)	Liens arising out of pledges or deposits under worker’s compensation laws, unemployment insurance, old age pensions, or other social security or retirement benefits, or similar
legislation. 

  

	 	(iv)	Utility easements, building restrictions and such other encumbrances or charges against real property as are of a nature generally existing with respect to properties of a similar
character and which do not in any material way affect the marketability of the same or interfere with the use thereof in the business of the Borrower or its Subsidiaries. 

  

	 	(v)	Liens existing on the date hereof and described in Schedule 6.15. 

  

	 	(vi)	Liens securing Indebtedness permitted by (A) Sections 6.11(v) and (vi) and (B) Section 6.11(vii); provided that such resulting Lien from such Restructuring is in the same
collateral as the existing Lien securing such restructured Indebtedness. 

  
 6.16. Capital Expenditures. The Borrower will not, nor will it permit any Subsidiary to, expend, or be committed to expend, in excess of $30,000,000 for Capital Expenditures during any one fiscal year on a
non-cumulative basis in the aggregate for the Borrower and its Subsidiaries. 
  
 6.17. Affiliates. The Borrower will not, and will not permit any Subsidiary to, enter into any transaction (including, without limitation, the purchase or sale of any Property or service) with, or make any
payment or transfer to, any Affiliate except in the ordinary course of business and pursuant to the reasonable requirements of the Borrower’s or such Subsidiary’s business and upon fair and reasonable terms no less favorable to the
Borrower or such Subsidiary than the Borrower or such Subsidiary would obtain in a comparable arms-length transaction. 
  
 6.18. Sale of Accounts. The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts
receivable, with or without recourse. 
  
 6.19. Contingent
Obligations. The Borrower will not, nor will it permit any Subsidiary to, make or suffer to exist any Contingent Obligation (including, without limitation, any Contingent Obligation with respect to the obligations of a Subsidiary), except (i) by
endorsement of instruments for deposit or collection in the ordinary course of business (ii) and guarantees existing on the date hereof by the Borrower or any Subsidiary of Indebtedness described on Schedule 6.11 (including permitted Restructurings
of such Indebtedness (and the related guaranty) pursuant to Section 6.11(vii); provided that the amount of such existing guaranty does not increase and the guarantor of such restructured Indebtedness does not change). 
  
 6.20. Inconsistent Agreements . The Borrower shall not, nor shall it
permit any Subsidiary to, enter into any indenture, agreement, instrument (or amendment thereto) or other arrangement which (a) directly or indirectly prohibits or restrains, or has the effect of prohibiting or restraining, or imposes materially
adverse conditions upon, the incurrence or repayment of the Obligations, the amendment of the Loan Documents, or the ability of any Subsidiary to pay dividends or make other distributions on its capital stock or (b) contains any provision which
would be violated or breached by the making of the Loans or by the performance by the Borrower of any of its obligations under any Loan Document. 
  

 62 

 6.21. Retirement of Repurchased Common Stock . The Borrower will not use the proceeds of the
Advances to repurchase the common stock of the Borrower unless the Borrower immediately retires such common stock. 
  
 6.22. Financial Covenants. 
  
 6.22.1. Fixed Charge Coverage Ratio. The Borrower will not permit the ratio, determined as of the end of each of its fiscal
quarters, of (i) Consolidated Income Available for Fixed Charges, for the then most-recently ended four fiscal quarters, to (ii) Consolidated Fixed Charges, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less
than 1.25 to 1.0. 
  
 6.22.2. Leverage
Ratio. The Borrower will at all times cause the ratio of (i) Consolidated Indebtedness to (ii) Consolidated EBITDA for the then most-recently ended four fiscal quarters to be not more than 1.25 to 1.0. 
  
 6.22.3. Minimum Net Worth. The Borrower will at all
times maintain Consolidated Net Worth of not less than $1.00. 
  
 ARTICLE VII 
  
 DEFAULTS 

 
 The occurrence of any one or more of the following events shall constitute
a Default: 
  
 7.1. Any representation or warranty made or deemed
made by or on behalf of the Borrower or any of its Subsidiaries to the Lenders or the Agent under or in connection with this Agreement, any Loan, or any certificate or information delivered in connection with this Agreement or any other Loan
Document shall be materially false on the date as of which made. 
  
 7.2. Nonpayment of principal of any Loan when due, or nonpayment of interest upon any Loan or of any commitment fee or other obligations under any of the Loan Documents within five days after the same becomes due. 
  
 7.3. The breach by the Borrower of any of the terms or provisions of Section
6.2 or 6.10 through 6.22. 
  
 7.4. The breach by the Borrower
(other than a breach which constitutes a Default under another Section of this Article VII) of any of the terms or provisions of this Agreement which is not remedied within thirty days after written notice from the Agent or any Lender. 

 
 7.5. Failure of the Borrower or any of its Subsidiaries to pay when due
any Material Indebtedness; or the default by the Borrower or any of its Subsidiaries in the performance (beyond the applicable grace period with respect thereto, if any) of any term, provision or condition contained in any Material Indebtedness
Agreement, or any other event shall occur or condition exist, the effect of which default, event or condition is to cause, or to permit the holder(s) of such Material Indebtedness or the lender(s) under any Material Indebtedness Agreement to cause,
such Material Indebtedness to become due prior to its stated maturity or any commitment to lend under any Material Indebtedness Agreement to be terminated prior to its stated expiration date; or any Material Indebtedness of the Borrower or any of
its 

  

 63 

 
Subsidiaries shall be declared to be due and payable or required to be prepaid or repurchased (other than by a regularly scheduled payment) prior to the
stated maturity thereof; or the Borrower or any of its Subsidiaries shall not pay, or admit in writing its inability to pay, its debts generally as they become due. 
  
 7.6. The Borrower or any of its Subsidiaries shall (i) have an order for relief entered with respect to it under the Federal
bankruptcy laws as now or hereafter in effect, (ii) make an assignment for the benefit of creditors, (iii) apply for, seek, consent to, or acquiesce in, the appointment of a receiver, custodian, trustee, examiner, liquidator or similar official for
it or any Substantial Portion of its Property, (iv) institute any proceeding seeking an order for relief under the Federal bankruptcy laws as now or hereafter in effect or seeking to adjudicate it a bankrupt or insolvent, or seeking dissolution,
winding up, liquidation, reorganization, arrangement, adjustment or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors or fail to file an answer or other pleading denying the
material allegations of any such proceeding filed against it, (v) take any corporate or partnership action to authorize or effect any of the foregoing actions set forth in this Section 7.6 or (vi) fail to contest in good faith any appointment or
proceeding described in Section 7.7. 
  
 7.7. Without the
application, approval or consent of the Borrower or any of its Subsidiaries, a receiver, trustee, examiner, liquidator or similar official shall be appointed for the Borrower or any of its Subsidiaries or any Substantial Portion of its Property, or
a proceeding described in Section 7.6(iv) shall be instituted against the Borrower or any of its Subsidiaries and such appointment continues undischarged or such proceeding continues undismissed or unstayed for a period of 45 consecutive days.

  
 7.8. Any court, government or governmental agency shall
condemn, seize or otherwise appropriate, or take custody or control of, all or any portion of the Property of the Borrower and its Subsidiaries which, when taken together with all other Property of the Borrower and its Subsidiaries so condemned,
seized, appropriated, or taken custody or control of, during the twelve-month period ending with the month in which any such action occurs, constitutes a Substantial Portion. 
  
 7.9. The Borrower or any of its Subsidiaries shall fail within 30 days to pay, bond or otherwise discharge one or more (i)
judgments or orders for the payment of money in excess of $1,000,000 (or the equivalent thereof in currencies other than U.S. Dollars) in the aggregate, or (ii) nonmonetary judgments or orders which, individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect, which judgment(s), in any such case, is/are not stayed on appeal or otherwise being appropriately contested in good faith. 
  
 7.10. The Unfunded Liabilities of all Single Employer Plans shall exceed in the aggregate $500,000 or any Reportable Event
shall occur in connection with any Plan. 
  
 7.11. Nonpayment by
the Borrower or any Subsidiary of any Rate Management Obligation when due or the breach by the Borrower or any Subsidiary of any term, provision or condition contained in any Rate Management Transaction or any transaction of the type described in
the definition of “Rate Management Transactions,” whether or not any Lender or Affiliate of a Lender is a party thereto, if such Rate Management Obligation constitutes Material Indebtedness. 
  
 7.12. Any Change in Control shall occur. 
  
 7.13. The occurrence of any “default”, as defined in any Loan
Document (other than this Agreement) or the breach of any of the terms or provisions of any Loan Document (other than this Agreement), which default or breach continues beyond any period of grace therein provided. 
  

 64 

 ARTICLE VIII 
  
 ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 
  
 8.1. Acceleration. If any Default described in Section 7.6 or 7.7 occurs with respect to the Borrower, the
obligations of the Lenders to make Loans hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Agent or any Lender. If any other Default occurs, the
Required Lenders (or the Agent with the consent of the Required Lenders) may terminate or suspend the obligations of the Lenders to make Loans hereunder, or declare the Obligations to be due and payable, or both, whereupon the Obligations shall
become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives. 
  
 If, within 30 days after acceleration of the maturity of the Obligations or termination of the obligations of the Lenders to make Loans hereunder as a
result of any Default (other than any Default as described in Section 7.6 or 7.7 with respect to the Borrower) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (in
their sole discretion) shall so direct, the Agent shall, by notice to the Borrower, rescind and annul such acceleration and/or termination. 
  
 8.2. Amendments. Subject to the provisions of this Section 8.2, the Required Lenders (or the Agent with the consent in writing of the Required
Lenders) and the Borrower may enter into agreements supplemental hereto for the purpose of adding or modifying any provisions to the Loan Documents or changing in any manner the rights of the Lenders or the Borrower hereunder or waiving any Default
hereunder; provided, however, that no such supplemental agreement shall, without the consent of all of the Lenders: 
  

	 	(i)	Extend the final maturity of any Loan or postpone any regularly scheduled payment of principal of any Loan or forgive all or any portion of the principal amount thereof, or reduce
the rate or extend the time of payment of interest or fees thereon. 

  

	 	(ii)	Reduce the percentage specified in the definition of Required Lenders. 

  

	 	(iii)	Extend the Revolving Credit Termination Date, or reduce the amount or extend the payment date for, the mandatory payments required under Section 2.2.1, or increase the amount of the
Commitment of any Lender hereunder, or permit the Borrower to assign its rights under this Agreement. 

  

	 	(iv)	Amend this Section 8.2. 

  
 No amendment of any provision of this Agreement relating to the Agent shall be effective without the written consent of the Agent. The Agent may (i) waive payment of the fee required under Section 12.3.3 without
obtaining the consent of any other party to this Agreement. 
  
 8.3. Preservation of Rights. No delay or omission of the Lenders or the Agent to exercise any right under the Loan Documents shall impair such right or be construed to be a waiver of any Default or an acquiescence therein, and the
making of a Loan notwithstanding the existence of a Default or the inability of the Borrower to satisfy the conditions precedent to such Loan shall not constitute any waiver or acquiescence. Any single or partial exercise of any such right shall not
preclude other or further exercise thereof or the exercise of any other right, and no waiver, amendment or other variation of the terms, conditions or provisions of the Loan Documents whatsoever shall be valid unless in writing signed by the Lenders
required pursuant to Section 8.2, and then only to the extent in such writing specifically set forth. All remedies contained in the Loan Documents or by law afforded shall be cumulative and all shall be available to the Agent and the Lenders until
the Obligations have been paid in full. 
  

 65 

 ARTICLE IX 
  

GENERAL PROVISIONS 
  
 9.1. Survival of Representations. All representations and warranties of the Borrower contained in this Agreement shall survive the making of the
Loans herein contemplated. 
  
 9.2. Governmental
Regulation. Anything contained in this Agreement to the contrary notwithstanding, no Lender shall be obligated to extend credit to the Borrower in violation of any limitation or prohibition provided by any applicable statute or regulation.

  
 9.3. Headings. Section headings in the Loan Documents
are for convenience of reference only, and shall not govern the interpretation of any of the provisions of the Loan Documents. 
  
 9.4. Entire Agreement. The Loan Documents embody the entire agreement and understanding among the Borrower, the Agent and the Lenders and supersede
all prior agreements and understandings among the Borrower, the Agent and the Lenders relating to the subject matter thereof other than those contained in the fee letter described in Section 10.13 which shall survive and remain in full force and
effect during the term of this Agreement. 
  
 9.5. Several
Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Agent is authorized to act as
such). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person other
than the parties to this Agreement and their respective successors and assigns, provided, however, that the parties hereto expressly agree that the Arranger shall enjoy the benefits of the provisions of Sections 9.6, 9.10 and 10.11 to the
extent specifically set forth therein and shall have the right to enforce such provisions on its own behalf and in its own name to the same extent as if it were a party to this Agreement. 
  
 9.6. Expenses; Indemnification. (i) The Borrower shall reimburse the Agent and the Arranger for any costs, internal
charges and out-of-pocket expenses (including attorneys’ fees and time charges of attorneys for the Agent, which attorneys may be employees of the Agent) paid or incurred by the Agent or the Arranger in connection with the preparation,
negotiation, execution, delivery, syndication, distribution (including, without limitation, via the internet), review, proposed or actual amendment, modification, and administration of the Loan Documents. The Borrower also agrees to reimburse the
Agent, the Arranger and the Lenders for any costs, internal charges and out-of-pocket expenses (including attorneys’ fees and time charges of attorneys for the Agent, the Arranger and the Lenders, which attorneys may be employees of the Agent,
the Arranger or the Lenders) paid or incurred by the Agent, the Arranger or any Lender in connection with the collection and enforcement of the Loan Documents. 
  

(ii) The Borrower hereby further agrees to indemnify the Agent, the Arranger, each Lender, their respective affiliates, and each of their directors,
officers and employees against all losses, claims, damages, penalties, judgments, liabilities and expenses (including, without limitation, all expenses of litigation or preparation therefor whether or not the Agent, the Arranger, any Lender or any
affiliate is a party thereto) which any of them may pay or incur arising out of or relating to this Agreement, the other Loan Documents, the transactions contemplated hereby or the direct or indirect application or proposed application of the
proceeds of any Loan hereunder except to the extent that they are determined in a final non-appealable 

  

 66 

 
judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the party seeking indemnification. The
obligations of the Borrower under this Section 9.6 shall survive the termination of this Agreement. 
  
 9.7. Numbers of Documents. All statements, notices, closing documents, and requests hereunder shall be furnished to the Agent with sufficient
counterparts so that the Agent may furnish one to each of the Lenders. 
  
 9.8. Accounting. Except as provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder shall be made in accordance with Agreement Accounting Principles.

  
 9.9. Severability of Provisions. Any provision in any
Loan Document that is held to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the operation,
enforceability, or validity of that provision in any other jurisdiction, and to this end the provisions of all Loan Documents are declared to be severable. 
  
 9.10. Nonliability of Lenders. The relationship between the Borrower on the one hand and the Lenders and the Agent on the other hand shall be
solely that of borrower and lender. Neither the Agent, the Arranger nor any Lender shall have any fiduciary responsibilities to the Borrower. Neither the Agent, the Arranger nor any Lender undertakes any responsibility to the Borrower to review or
inform the Borrower of any matter in connection with any phase of the Borrower’s business or operations. The Borrower agrees that neither the Agent, the Arranger nor any Lender shall have liability to the Borrower (whether sounding in tort,
contract or otherwise) for losses suffered by the Borrower in connection with, arising out of, or in any way related to, the transactions contemplated and the relationship established by the Loan Documents, or any act, omission or event occurring in
connection therewith, unless it is determined in a final non-appealable judgment by a court of competent jurisdiction that such losses resulted from the gross negligence or willful misconduct of the party from which recovery is sought. Neither the
Agent, the Arranger nor any Lender shall have any liability with respect to, and the Borrower hereby waives, releases and agrees not to sue for, any special, indirect, consequential or punitive damages suffered by the Borrower in connection with,
arising out of, or in any way related to the Loan Documents or the transactions contemplated thereby. 
  
 9.11. Confidentiality. Each Lender agrees to hold any confidential information which it may receive from the Borrower pursuant to this Agreement in
confidence, except for disclosure (i) to its Affiliates and to other Lenders and their respective Affiliates, (ii) to legal counsel, accountants, and other professional advisors to such Lender or to a Transferee, (iii) to regulatory officials, (iv)
to any Person as requested pursuant to or as required by law, regulation, or legal process, (v) to any Person in connection with any legal proceeding to which such Lender is a party, (vi) to such Lender’s direct or indirect contractual
counterparties in swap agreements or to legal counsel, accountants and other professional advisors to such counterparties, (vii) permitted by Section 12.4, and (viii) to rating agencies if requested or required by such agencies in connection with a
rating relating to the Advances hereunder. Notwithstanding anything herein to the contrary, confidential information shall not include, and each Lender (and each employee, representative or other agent of any Lender) may disclose to any and all
Persons, without limitation of any kind, the “tax treatment” and “tax structure” (in each case, within the meaning of Treasury Regulation Section 1.6011-4) of the transactions contemplated hereby and all materials of any kind
(including opinions or other tax analyses) that are or have been provided to such Lender relating to such tax treatment or tax structure; provided that with respect to any document or similar item that in either case contains information concerning
such tax treatment or tax structure of the transactions contemplated hereby as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to such tax treatment or tax structure. 

 

 67 

 9.12. Nonreliance. Each Lender hereby represents that it is not relying on or looking to any
margin stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System) for the repayment of the Loans provided for herein. 
  
 9.13. Disclosure. The Borrower and each Lender hereby acknowledge and agree that Bank One and/or its Affiliates from time to time may hold
investments in, make other loans to or have other relationships with the Borrower and its Affiliates. 
  
 ARTICLE X 
  
 THE AGENT 
  
 10.1. Appointment; Nature
of Relationship. Bank One, NA is hereby appointed by each of the Lenders as its contractual representative (herein referred to as the “Agent”) hereunder and under each other Loan Document, and each of the Lenders irrevocably authorizes
the Agent to act as the contractual representative of such Lender with the rights and duties expressly set forth herein and in the other Loan Documents. The Agent agrees to act as such contractual representative upon the express conditions contained
in this Article X. Notwithstanding the use of the defined term “Agent,” it is expressly understood and agreed that the Agent shall not have any fiduciary responsibilities to any Lender by reason of this Agreement or any other Loan Document
and that the Agent is merely acting as the contractual representative of the Lenders with only those duties as are expressly set forth in this Agreement and the other Loan Documents. In its capacity as the Lenders’ contractual representative,
the Agent (i) does not hereby assume any fiduciary duties to any of the Lenders, (ii) is a “representative” of the Lenders within the meaning of the term “secured party” as defined in the Illinois Uniform Commercial Code and
(iii) is acting as an independent contractor, the rights and duties of which are limited to those expressly set forth in this Agreement and the other Loan Documents. Each of the Lenders hereby agrees to assert no claim against the Agent on any
agency theory or any other theory of liability for breach of fiduciary duty, all of which claims each Lender hereby waives. 
  
 10.2. Powers. The Agent shall have and may exercise such powers under the Loan Documents as are specifically delegated to the Agent by the terms of
each thereof, together with such powers as are reasonably incidental thereto. The Agent shall have no implied duties to the Lenders, or any obligation to the Lenders to take any action thereunder except any action specifically provided by the Loan
Documents to be taken by the Agent. 
  
 10.3. General
Immunity. Neither the Agent nor any of its directors, officers, agents or employees shall be liable to the Borrower, the Lenders or any Lender for any action taken or omitted to be taken by it or them hereunder or under any other Loan Document
or in connection herewith or therewith except to the extent such action or inaction is determined in a final non-appealable judgment by a court of competent jurisdiction to have arisen from the gross negligence or willful misconduct of such Person.

  
 10.4. No Responsibility for Loans, Recitals, etc.
Neither the Agent nor any of its directors, officers, agents or employees shall be responsible for or have any duty to ascertain, inquire into, or verify (a) any statement, warranty or representation made in connection with any Loan Document or any
borrowing hereunder; (b) the performance or observance of any of the covenants or agreements of any obligor under any Loan Document, including, without limitation, any agreement by an obligor to furnish information directly to each Lender; (c) the
satisfaction of any condition specified in Article IV, except receipt of items required to be delivered solely to the Agent; (d) the existence or possible existence of any Default or Unmatured Default; (e) the validity, enforceability,
effectiveness, sufficiency or genuineness of any Loan Document or any other instrument or writing furnished in connection therewith; (f) the value, sufficiency, creation, perfection or priority of any Lien in any collateral security; or (g) the
financial condition of the 

  

 68 

 
Borrower or any guarantor of any of the Obligations or of any of the Borrower’s or any such guarantor’s respective Subsidiaries. The Agent shall
have no duty to disclose to the Lenders information that is not required to be furnished by the Borrower to the Agent at such time, but is voluntarily furnished by the Borrower to the Agent (either in its capacity as Agent or in its individual
capacity). 
  
 10.5. Action on Instructions of Lenders. The
Agent shall in all cases be fully protected in acting, or in refraining from acting, hereunder and under any other Loan Document in accordance with written instructions signed by the Required Lenders, and such instructions and any action taken or
failure to act pursuant thereto shall be binding on all of the Lenders. The Lenders hereby acknowledge that the Agent shall be under no duty to take any discretionary action permitted to be taken by it pursuant to the provisions of this Agreement or
any other Loan Document unless it shall be requested in writing to do so by the Required Lenders. The Agent shall be fully justified in failing or refusing to take any action hereunder and under any other Loan Document unless it shall first be
indemnified to its satisfaction by the Lenders pro rata against any and all liability, cost and expense that it may incur by reason of taking or continuing to take any such action. 
  
 10.6. Employment of Agents and Counsel. The Agent may execute any of its duties as Agent hereunder and under any
other Loan Document by or through employees, agents, and attorneys-in-fact and shall not be answerable to the Lenders, except as to money or securities received by it or its authorized agents, for the default or misconduct of any such agents or
attorneys-in-fact selected by it with reasonable care. The Agent shall be entitled to advice of counsel concerning the contractual arrangement between the Agent and the Lenders and all matters pertaining to the Agent’s duties hereunder and
under any other Loan Document. 
  
 10.7. Reliance on Documents;
Counsel. The Agent shall be entitled to rely upon any Note, notice, consent, certificate, affidavit, letter, telegram, statement, paper or document believed by it to be genuine and correct and to have been signed or sent by the proper person or
persons, and, in respect to legal matters, upon the opinion of counsel selected by the Agent, which counsel may be employees of the Agent. 
  
 10.8. Agent’s Reimbursement and Indemnification. The Lenders agree to reimburse and indemnify the Agent ratably in proportion to their
respective Commitments (or, if the Commitments have been terminated, in proportion to their Commitments immediately prior to such termination) (i) for any amounts not reimbursed by the Borrower for which the Agent is entitled to reimbursement by the
Borrower under the Loan Documents, (ii) for any other expenses incurred by the Agent on behalf of the Lenders, in connection with the preparation, execution, delivery, administration and enforcement of the Loan Documents (including, without
limitation, for any expenses incurred by the Agent in connection with any dispute between the Agent and any Lender or between two or more of the Lenders) and (iii) for any liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against the Agent in any way relating to or arising out of the Loan Documents or any other document delivered in connection
therewith or the transactions contemplated thereby (including, without limitation, for any such amounts incurred by or asserted against the Agent in connection with any dispute between the Agent and any Lender or between two or more of the Lenders),
or the enforcement of any of the terms of the Loan Documents or of any such other documents, provided that (i) no Lender shall be liable for any of the foregoing to the extent any of the foregoing is found in a final non-appealable judgment
by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Agent and (ii) any indemnification required pursuant to Section 3.5(vii) shall, notwithstanding the provisions of this Section 10.8, be paid
by the relevant Lender in accordance with the provisions thereof. The obligations of the Lenders under this Section 10.8 shall survive payment of the Obligations and termination of this Agreement. 
  
 10.9. Notice of Default. The Agent shall not be deemed to have
knowledge or notice of the occurrence of any Default or Unmatured Default hereunder unless the Agent has received written notice from a Lender or the Borrower referring to this Agreement describing such Default or Unmatured Default and stating that
such notice is a “notice of default”. In the event that the Agent receives such a notice, the Agent shall give prompt notice thereof to the Lenders. 
  

 

 69 

 10.10. Rights as a Lender. In the event the Agent is a Lender, the Agent shall have the same
rights and powers hereunder and under any other Loan Document with respect to its Commitment and its Loans as any Lender and may exercise the same as though it were not the Agent, and the term “Lender” or “Lenders” shall, at any
time when the Agent is a Lender, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or
other transaction, in addition to those contemplated by this Agreement or any other Loan Document, with the Borrower or any of its Subsidiaries in which the Borrower or such Subsidiary is not restricted hereby from engaging with any other Person.
The Agent, in its individual capacity, is not obligated to remain a Lender. 
  
 10.11. Lender Credit Decision. Each Lender acknowledges that it has, independently and without reliance upon the Agent, the Arranger or any other Lender and based on the financial statements prepared by the
Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and
without reliance upon the Agent, the Arranger or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and
the other Loan Documents. 
  
 10.12. Successor Agent. The
Agent may resign at any time by giving written notice thereof to the Lenders and the Borrower, such resignation to be effective upon the appointment of a successor Agent or, if no successor Agent has been appointed, forty-five days after the
retiring Agent gives notice of its intention to resign. The Agent may be removed at any time with or without cause by written notice received by the Agent from the Required Lenders, such removal to be effective on the date specified by the Required
Lenders. Upon any such resignation or removal, the Required Lenders shall have the right to appoint (in consultation with the Borrower), on behalf of the Borrower and the Lenders, a successor Agent. If no successor Agent shall have been so appointed
by the Required Lenders within thirty days after the resigning Agent’s giving notice of its intention to resign, then the resigning Agent may appoint, on behalf of the Borrower and the Lenders, a successor Agent. Notwithstanding the previous
sentence, the Agent may at any time without the consent of the Borrower or any Lender, appoint any of its Affiliates which is a commercial bank as a successor Agent hereunder. If the Agent has resigned or been removed and no successor Agent has been
appointed, the Lenders may perform all the duties of the Agent hereunder and the Borrower shall make all payments in respect of the Obligations to the applicable Lender and for all other purposes shall deal directly with the Lenders. No successor
Agent shall be deemed to be appointed hereunder until such successor Agent has accepted the appointment. Any such successor Agent shall be a commercial bank having capital and retained earnings of at least $100,000,000. Upon the acceptance of any
appointment as Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the resigning or removed Agent. Upon the effectiveness of the resignation or
removal of the Agent, the resigning or removed Agent shall be discharged from its duties and obligations hereunder and under the Loan Documents. After the effectiveness of the resignation or removal of an Agent, the provisions of this Article X
shall continue in effect for the benefit of such Agent in respect of any actions taken or omitted to be taken by it while it was acting as the Agent hereunder and under the other Loan Documents. In the event that there is a successor to the Agent by
merger, or the Agent assigns its duties and obligations to an Affiliate pursuant to this Section 10.12, then the term “Prime Rate” as used in this Agreement shall mean the prime rate, base rate or other analogous rate of the new Agent.

  
 10.13. Agent and Arranger Fees. The Borrower agrees to
pay to the Agent and the Arranger, for their respective accounts, the fees agreed to by the Borrower, the Agent and the Arranger pursuant to that certain letter agreement dated June 13, 2003, or as otherwise agreed from time to time. 
  
  

 70 

 10.14. Delegation to Affiliates. The Borrower and the Lenders agree that the Agent may delegate
any of its duties under this Agreement to any of its Affiliates. Any such Affiliate (and such Affiliate’s directors, officers, agents and employees) which performs duties in connection with this Agreement shall be entitled to the same benefits
of the indemnification, waiver and other protective provisions to which the Agent is entitled under Articles IX and X. 
  
 10.17. Documentation Agents, Syndication Agent, etc. Neither any of the Lenders identified in this Agreement as a “Senior Managing
Agent”, “Managing Agent”, “Co-Arranger” nor the “Documentation Agents” or the “Syndication Agent” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than
those applicable to all Lenders as such. Without limiting the foregoing, none of such Lenders shall have or be deemed to have a fiduciary relationship with any Lender. Each Lender hereby makes the same acknowledgments with respect to such Lenders as
it makes with respect to the Agent in Section 10.11. 
  
 ARTICLE
XI 
  
 SETOFF; RATABLE PAYMENTS 
  
 11.1. Setoff. In addition to, and without limitation of, any rights of
the Lenders under applicable law, if any Default occurs, any and all deposits (including all account balances, whether provisional or final and whether or not collected or available) and any other Indebtedness at any time held or owing by any Lender
or any Affiliate of any Lender to or for the credit or account of the Borrower may be offset and applied toward the payment of the Obligations owing to such Lender, whether or not the Obligations, or any part thereof, shall then be due. 

 
 11.2. Ratable Payments. If any Lender, whether by setoff or
otherwise, has payment made to it upon its Loans (other than payments received pursuant to Section 3.1, 3.2, 3.4 or 3.5) in a greater proportion than that received by any other Lender, such Lender agrees, promptly upon demand, to purchase a portion
of the Loans held by the other Lenders so that after such purchase each Lender will hold its ratable proportion of Loans. If any Lender, whether in connection with setoff or amounts which might be subject to setoff or otherwise, receives collateral
or other protection for its Obligations or such amounts which may be subject to setoff, such Lender agrees, promptly upon demand, to take such action necessary such that all Lenders share in the benefits of such collateral ratably in proportion to
their Loans. In case any such payment is disturbed by legal process, or otherwise, appropriate further adjustments shall be made. 
  
 ARTICLE XII 
  
 BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS 
  
 12.1. Successors and Assigns. The terms and provisions of the Loan Documents shall be binding upon and inure to the benefit of the Borrower and the
Lenders and their respective successors and assigns permitted hereby, except that (i) the Borrower shall not have the right to assign its rights or obligations under the Loan Documents without the prior written consent of each Lender, (ii) any
assignment by any Lender must be made in compliance with Section 12.3, and (iii) any transfer by Participation must be made in compliance with Section 12.2. Any attempted assignment or transfer by any party not made in compliance with this Section
12.1 shall be null and void, unless such attempted assignment or transfer is treated as a participation in accordance with Section 12.3.2. The parties to this Agreement acknowledge that clause (ii) of this Section 12.1 relates only to absolute
assignments and this Section 12.1 does not prohibit assignments creating security interests, including, without limitation, (x) any pledge or assignment by any Lender of all or 

  

 71 

 
any portion of its rights under this Agreement and any Note to a Federal Reserve Bank or (y) in the case of a Lender which is a Fund, any pledge or
assignment of all or any portion of its rights under this Agreement and any Note to its trustee in support of its obligations to its trustee; provided, however, that no such pledge or assignment creating a security interest shall release the
transferor Lender from its obligations hereunder unless and until the parties thereto have complied with the provisions of Section 12.3. The Agent may treat the Person which made any Loan or which holds any Note as the owner thereof for all purposes
hereof unless and until such Person complies with Section 12.3; provided, however, that the Agent may in its discretion (but shall not be required to) follow instructions from the Person which made any Loan or which holds any Note to direct
payments relating to such Loan or Note to another Person. Any assignee of the rights to any Loan or any Note agrees by acceptance of such assignment to be bound by all the terms and provisions of the Loan Documents. Any request, authority or consent
of any Person, who at the time of making such request or giving such authority or consent is the owner of the rights to any Loan (whether or not a Note has been issued in evidence thereof), shall be conclusive and binding on any subsequent holder or
assignee of the rights to such Loan. 
  
 12.2.
Participations. 
  
 12.2.1. Permitted
Participants; Effect. Any Lender may at any time sell to one or more banks or other entities (“Participants”) participating interests in any Loan owing to such Lender, any Note held by such Lender, any Commitment of such Lender or any
other interest of such Lender under the Loan Documents. In the event of any such sale by a Lender of participating interests to a Participant, such Lender’s obligations under the Loan Documents shall remain unchanged, such Lender shall remain
solely responsible to the other parties hereto for the performance of such obligations, such Lender shall remain the owner of its Loans and the holder of any Note issued to it in evidence thereof for all purposes under the Loan Documents, all
amounts payable by the Borrower under this Agreement shall be determined as if such Lender had not sold such participating interests, and the Borrower and the Agent shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under the Loan Documents. 
  
 12.2.2. Voting Rights. Each Lender shall retain the sole right to approve, without the consent of any Participant, any amendment, modification or waiver of any provision of the Loan Documents other than any
amendment, modification or waiver with respect to any Loan or Commitment in which such Participant has an interest which would require consent of all of the Lenders pursuant to the terms of Section 8.2 or of any other Loan Document. 
  
 12.2.3. Benefit of Certain Provisions. The Borrower
agrees that each Participant shall be deemed to have the right of setoff provided in Section 11.1 in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest
were owing directly to it as a Lender under the Loan Documents, provided that each Lender shall retain the right of setoff provided in Section 11.1 with respect to the amount of participating interests sold to each Participant. The Lenders
agree to share with each Participant, and each Participant, by exercising the right of setoff provided in Section 11.1, agrees to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared
in accordance with Section 11.2 as if each Participant were a Lender. The Borrower further agrees that each Participant shall be entitled to the benefits of Sections 3.1, 3.2, 3.4 and 3.5 to the same extent as if it were a Lender and had acquired
its interest by assignment pursuant to Section 12.3, provided that (i) a Participant shall not be entitled to receive any greater payment under Section 3.1, 3.2 or 3.5 than the Lender who sold the participating interest to such Participant
would have received had it retained such interest for its own account, unless the sale of such interest to such Participant is made with the prior written consent of the Borrower, and (ii) any Participant not incorporated under the laws of the
United States of America or any State thereof agrees to comply with the provisions of Section 3.5 to the same extent as if it were a Lender. 
  

 72 

 12.3. Assignments. 
  
 12.3.1. Permitted Assignments. Any Lender may at any time assign to one or more banks or other
entities (“Purchasers”) all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit B or in such other form as may be agreed to by the parties thereto. Each such
assignment with respect to a Purchaser which is not a Lender or an Affiliate of a Lender or an Approved Fund shall either be in an amount equal to the entire applicable Commitment and Loans of the assigning Lender or (unless each of the Borrower and
the Agent otherwise consents) be in an aggregate amount not less than $5,000,000. The amount of the assignment shall be based on the Commitment or outstanding Loans (if the Commitment has been terminated) subject to the assignment, determined as of
the date of such assignment or as of the “Trade Date,” if the “Trade Date” is specified in the assignment. 
  
 12.3.2. Consents. The consent of the Borrower shall be required prior to an assignment becoming effective unless the Purchaser is a
Lender, an Affiliate of a Lender or an Approved Fund; provided, however, that the consent of the Borrower shall not be required if a Default has occurred and is continuing. The consent of the Agent shall be required prior to an
assignment becoming effective unless the Purchaser is a Lender, an Affiliate of a Lender or an Approved Fund. Any consent required under this Section 12.3.2 shall not be unreasonably withheld or delayed. 
  
 12.3.3. Effect; Effective Date. Upon (i) delivery to
the Agent of an assignment, together with any consents required by Sections 12.3.1 and 12.3.2, and (ii) payment of a $3,500 fee to the Agent for processing such assignment (unless such fee is waived by the Agent), such assignment shall become
effective on the effective date specified in such assignment. The assignment shall contain a representation by the Purchaser to the effect that none of the consideration used to make the purchase of the Commitment and Loans under the applicable
assignment agreement constitutes “plan assets” as defined under ERISA and that the rights and interests of the Purchaser in and under the Loan Documents will not be “plan assets” under ERISA. On and after the effective date of
such assignment, such Purchaser shall for all purposes be a Lender party to this Agreement and any other Loan Document executed by or on behalf of the Lenders and shall have all the rights and obligations of a Lender under the Loan Documents, to the
same extent as if it were an original party thereto, and the transferor Lender shall be released with respect to the Commitment and Loans assigned to such Purchaser without any further consent or action by the Borrower, the Lenders or the Agent. In
the case of an assignment covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a Lender hereunder but shall continue to be entitled to the benefits of, and subject to, those
provisions of this Agreement and the other Loan Documents which survive payment of the Obligations and termination of the applicable agreement. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply
with this Section 12.3 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 Section 12.2. Upon the consummation of any assignment to a Purchaser pursuant to
this Section 12.3.3, the transferor Lender, the Agent and the Borrower shall, if the transferor Lender or the Purchaser desires that its Loans be evidenced by Notes, make appropriate arrangements so that new Notes or, as appropriate, replacement
Notes are issued to such transferor Lender and new Notes or, as appropriate, replacement Notes, are issued to such Purchaser, in each case in principal amounts reflecting their respective Commitments, as adjusted pursuant to such assignment.

  
 12.3.4. Register. The Agent, acting
solely for this purpose as an agent of the Borrower, shall maintain at one of its offices in Chicago, Illinois a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and
the Commitments of, and principal amounts of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Agent and the Lenders may
treat each Person whose name is recorded in the Register 

  

 73 

 
pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be
available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
  
 12.4. Dissemination of Information. The Borrower authorizes each Lender to disclose to any Participant or Purchaser or any other Person acquiring
an interest in the Loan Documents by operation of law (each a “Transferee”) and any prospective Transferee any and all information in such Lender’s possession concerning the creditworthiness of the Borrower and its Subsidiaries;
provided that each Transferee and prospective Transferee agrees to be bound by Section 9.11 of this Agreement. 
  
 12.5. Tax Treatment. If any interest in any Loan Document is transferred to any Transferee which is not incorporated under the laws of the United
States or any State thereof, the transferor Lender shall cause such Transferee, concurrently with the effectiveness of such transfer, to comply with the provisions of Section 3.5(iv). 
  
 ARTICLE XIII 
  
 NOTICES 
  
 13.1. Notices. Except as otherwise permitted by Section 2.14 with respect to borrowing notices, all notices, requests and other communications to
any party hereunder shall be in writing (including electronic transmission, facsimile transmission or similar writing) and shall be given to such party: (x) in the case of the Borrower or the Agent, at its address or facsimile number set forth on
the signature pages hereof, (y) in the case of any Lender, at its address or facsimile number set forth below its signature hereto or (z) in the case of any party, at such other address or facsimile number as such party may hereafter specify for the
purpose by notice to the Agent and the Borrower in accordance with the provisions of this Section 13.1. Each such notice, request or other communication shall be effective (i) if given by facsimile transmission, when transmitted to the facsimile
number specified in this Section and confirmation of receipt is received, (ii) if given by mail, 72 hours after such communication is deposited in the mails with first class postage prepaid, addressed as aforesaid, or (iii) if given by any other
means, when delivered (or, in the case of electronic transmission, received) at the address specified in this Section; provided that notices to the Agent under Article II shall not be effective until received. 
  
 13.2. Change of Address. The Borrower, the Agent and any Lender may
each change the address for service of notice upon it by a notice in writing to the other parties hereto. 
  
 ARTICLE XIV 
  
 COUNTERPARTS 
  
 This Agreement may be
executed in any number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Agreement by signing any such counterpart. This Agreement shall be effective when it has been executed
by the Borrower, the Agent and the Lenders and each party has notified the Agent by facsimile transmission or telephone that it has taken such action. 
  

 74 

 ARTICLE XV 
  

CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL 
  
 15.1. CHOICE OF LAW. THE LOAN DOCUMENTS (OTHER THAN THOSE CONTAINING A CONTRARY EXPRESS CHOICE OF LAW PROVISION)
SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (INCLUDING, WITHOUT LIMITATION, 735 ILCS SECTION 105/5-1 ET SEQ, BUT OTHERWISE WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS) OF THE STATE OF ILLINOIS, BUT GIVING EFFECT TO FEDERAL LAWS
APPLICABLE TO NATIONAL BANKS. 
  
 15.2. CONSENT TO
JURISDICTION. THE BORROWER HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR ILLINOIS STATE COURT SITTING IN CHICAGO, ILLINOIS IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN
DOCUMENTS AND THE BORROWER HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH
SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE AGENT OR ANY LENDER TO BRING PROCEEDINGS AGAINST THE BORROWER IN THE COURTS OF ANY OTHER JURISDICTION. ANY
JUDICIAL PROCEEDING BY THE BORROWER AGAINST THE AGENT OR ANY LENDER OR ANY AFFILIATE OF THE AGENT OR ANY LENDER INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY LOAN DOCUMENT SHALL BE BROUGHT
ONLY IN A COURT IN CHICAGO, ILLINOIS. 
  
 15.3. WAIVER
OF JURY TRIAL. THE BORROWER, THE AGENT AND EACH LENDER HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO,
OR CONNECTED WITH ANY LOAN DOCUMENT OR THE RELATIONSHIP ESTABLISHED THEREUNDER. 
  
 [Signature pages follow] 
  

 75 

 IN WITNESS WHEREOF, the Borrower, the Lenders and the Agent have executed this Agreement as of the date
first above written. 
  

	 SEI INVESTMENTS COMPANY

		
	 By:
	 	 /s/ Dennis J. McGonigle

		
	 Name:
	 	 Dennis J. McGonigle

		
	 Title:
	 	 Chief Financial Officer

		
	 	 	 1 Freedom Valley Drive

	 	 	 Oaks, Pennsylvania 19456

	 	 	 Attention:
	 	 Dennis J. McGonigle

	 	 	 	 	   Chief Financial Officer

	 	 	 Telephone:
	 	         (    )                

	 	 	 FAX:
	 	         (    )                

  

	 BANK ONE, NA,

	 Individually and as Agent

		
	 By:
	 	 /s/ Andrea S. Kantor

		
	 Name:
	 	 Andrea S Kantor

		
	 Title:
	 	 Director

		
	 	 	 1 Bank One Plaza

	 	 	 Chicago, Illinois 60670

	 	 	 Attention:
	 	  

	 	 	 Telephone:
	 	         (    )                

	 	 	 FAX:
	 	         (    )                

  

 76 

	 BANK OF NOVA SCOTIA

	
	 As Co-Arranger & Documentation Agent

		
	 By:
	 	 /s/ John Morale

		
	 Name:
	 	 John Morale

		
	 Title:
	 	 Director

		
	 	 	 One Liberty Plaza

	 	 	 New York, NY 10006

	 	 	 Attention:
	 	  

	 	 	 Telephone:
	 	         (    )                

	 	 	 FAX:
	 	         (    )                

  

	 Wachovia Bank, National Association

		
	 By:
	 	 /s/ Dan Norton

		
	 Name:
	 	 Dan Norton

		
	 Title:
	 	 Director

		
	 	 	 1319 Chestnut Street, 3rd Floor, Pa 4819

	 	 	 Philadelphia, Pennsylvania, 12107-4819

	 	 	 Attention:
	 	  

	 	 	 Telephone:
	 	         (    )                

	 	 	 FAX:
	 	         (    )                

  

	 UNION BANK OF CALIFORNIA

		
	 By:
	 	 /s/ Christine Davis

		
	 Name:
	 	 Christine Davis

		
	 Title:
	 	 Vice President

			
	 	 	 Attention:
	 	  

	 	 	 Telephone:
	 	         (    )                

	 	 	 FAX:
	 	         (    )                

  

 77 

	 PNC bank, National Association

		
	 By:
	 	 /s/ Robert J Giannone

		
	 Name:
	 	 Robert J, Giannone

		
	 Title:
	 	 Vice President

		
	 	 	 1600 Market Street, 21st floor

	 	 	 Philadelphia, Pennsylvania, 19103

	 	 	 Attention:
	 	  

	 	 	 Telephone:
	 	         (    )                

	 	 	 FAX:
	 	         (    )                

  

	 BANK OF AMERICA

		
	 By:
	 	 /s/ Sean Cassidy

		
	 Name:
	 	 Sean Cassidy

		
	 Title:
	 	 Principal

		
	 	 	 335 Madison Avenue

	 	 	 New York, NY 10017

	 	 	 Attention:
	 	  

	 	 	 Telephone:
	 	         (    )                

	 	 	 FAX:
	 	         (    )                

  

	 The Royal Bank of Scotland plc

		
	 By:
	 	 /s/ Diane Ferguson

		
	 Name:
	 	 Diane Ferguson

		
	 Title:
	 	 Senior Vice President

			
	 	 	 Attention:
	 	  

	 	 	 Telephone:
	 	         (    )                

	 	 	 FAX:
	 	         (    )                

  

 78 

	 MANUFACTURERS&TRADERS TRUST COMPANY

		
	 By:
	 	 /s/ Joshua C. Becker

		
	 Name:
	 	 Joshua C. Becker

		
	 Title:
	 	 Officer

		
	 	 	 2055 South Queen Street

	 	 	 York, PA 17403

			
	 	 	 Attention:
	 	  

	 	 	 Telephone:
	 	         (    )                

	 	 	 FAX:
	 	         (    )                

  

	 FLEET NATIONAL BANK

		
	 By:
	 	 /s/ Lawrence Davis

		
	 Name:
	 	 Lawrence Davis

		
	 Title:
	 	 Portfolio Manager

		
	 	 	 777 Main Street CTHEH40225C

	 	 	 Hartford, CT 06115

			
	 	 	 Attention:
	 	  

	 	 	 Telephone:
	 	         (    )                

	 	 	 FAX:
	 	         (    )                

  

	 US Bank, N.A.

		
	 By:
	 	 /s/ David J. Dannemiller

		
	 Name:
	 	 David Dannemiller

		
	 Title:
	 	 Vice President

		
	 	 	 1350 Euclid Ave. 11th Floor

	 	 	 Cleveland Ohio 4411

			
	 	 	 Attention:
	 	  

	 	 	 Telephone:
	 	         (    )                

	 	 	 FAX:
	 	         (    )                

  

 79 

	 National City Bank

		
	 By:
	 	 /s/ Tina M. Handforth

		
	 Name:
	 	 Tina M. Handforth

		
	 Title:
	 	 Vice President

		
	 	 	 1 South Broad St.

	 	 	 Philadelphia, PA 19107

	 	 	 Attention:
	 	  

	 	 	 Telephone:
	 	         (    )                

	 	 	 FAX:
	 	         (    )                

  

	 The Norinchukin Bank, New York Branch

		
	 By:
	 	 /s/ Fumiaka Ono

		
	 Name:
	 	 Fumiaki Ono

		
	 Title:
	 	 General Manager

		
	 	 	 245 Park Ave. 29th floor

	 	 	 New York, NY 10167

	 	 	 Attention:
	 	  

	 	 	 Telephone:
	 	         (    )                

	 	 	 FAX:
	 	         (    )                

  

 80 

	 Sovereign Bank

		
	 By:
	 	 /s/ Eric Ritter

		
	 Name:
	 	 Eric Ritter

		
	 Title:
	 	 AVP

		
	 	 	 3 Radnor Corporate Center

	 	 	 100 Matsonford Road, Sutie 205

	 	 	 Radnor, Pa 19087

	 	 	 Attention:
	 	  

	 	 	 Telephone:
	 	         (    )                

	 	 	 FAX:
	 	         (    )                

  

	 Bank Hapaolim B.M.

			
	 By:
	 	 /s/ James Surless

	 	 /s/ Lenroy Hacket

			
	 Name:
	 	 James Surless
	 	 Lenroy Hackett

			
	 Title:
	 	 Vice President
	 	 Vice President

		
	 	 	   225 North Michigan Avenue, Suite 900

	 	 	   Chicago IL 60601

	 	 	   Attention:
	 	  

	 	 	  Telephone:	 	         (    )                

	 	 	  FAX:	 	         (    )                

  

 81 

 SCHEDULE 1 
  
 COMMITMENTS 
  

	 Lender

	  	Commitment

	 Bank One, NA
	  	$	20,000,000
	 The Bank of Nova Scotia
	  	$	20,000,000
	 Wachovia Bank, National Association
	  	$	15,000,000
	 Union Bank of California, N.A.
	  	$	15,000,000
	 PNC Bank, National Association
	  	$	15,000,000
	 Bank of America, N.A.
	  	$	15,000,000
	 The Royal Bank of Scotland plc
	  	$	15,000,000
	 M&T Bank
	  	$	15,000,000
	 Fleet National Bank
	  	$	12,500,000
	 US Bank, N.A.
	  	$	12,500,000
	 National City Bank
	  	$	12,500,000
	 The Norinchukin Bank, New York Branch
	  	$	12,500,000
	 Sovereign Bank
	  	$	10,000,000
	 Bank Hapaolim B.M.
	  	$	10,000,000
	 Total
	  	$	200,000,000

  

 82 

 EXHIBIT A 
  

FORM OF COMPLIANCE CERTIFICATE 
  

	 To:
	 	 The Lenders parties to the

	 	 	 Credit Agreement Described Below

  
 This Compliance
Certificate is furnished pursuant to that certain Credit Agreement dated as of September 15, 2003 (as amended, modified, renewed or extended from time to time, the “Agreement”) among SEI Investments Company (the “Borrower”), the
lenders party thereto and Bank One, NA, as Agent for the Lenders. Unless otherwise defined herein, capitalized terms used in this Compliance Certificate have the meanings ascribed thereto in the Agreement. 
  
 THE UNDERSIGNED HEREBY CERTIFIES THAT: 
  
 1. I am the duly elected [Chief Financial Officer] [Corporate Controller] of
the Borrower; 
  
 2. I have reviewed the terms of the Agreement
and I have made, or have caused to be made under my supervision, a detailed review of the transactions and conditions of the Borrower and its Subsidiaries during the accounting period covered by the attached financial statements; 
  
 3. The examinations described in paragraph 2 did not disclose, and I have no
knowledge of, the existence of any condition or event which constitutes a Default or Unmatured Default during or at the end of the accounting period covered by the attached financial statements or as of the date of this Certificate, except as set
forth below; and 
  
 4. Schedule I attached hereto sets forth
financial data and computations evidencing the Borrower’s compliance with certain covenants of the Agreement, all of which data and computations are true, complete and correct. 
  
 5. Schedule II attached hereto sets forth the various reports and deliveries which are required at this time under the
Credit Agreement, the Security Agreement and the other Loan Documents and the status of compliance. 
  
 Described below are the exceptions, if any, to paragraph 3 by listing, in detail, the nature of the condition or event, the period during which it has
existed and the action which the Borrower has taken, is taking, or proposes to take with respect to each such condition or event: 
  

	  

	  

	  

	  

  
 The foregoing
certifications, together with the computations set forth in Schedule I hereto and the financial statements delivered with this Certificate in support hereof, are made and delivered this      day of,
        . 
  

 83 

 SCHEDULE I TO COMPLIANCE CERTIFICATE 
  
 Compliance as of                 ,
         with 
 Provisions of Sections 6.11, 6.13, 6.14, 6.16 and 6.22 of 
 the Agreement 
  
 Section 6.11 - Indebtedness 
  

	 A.
	  	6.11(viii)	  	 	 
	 	  	Other Indebtedness	  	$	                    
	 	  	Requirement: Not to exceed $20,000,000	  	 	 
		
	 Section 6.13 - Sale of Assets
  
	  	 	 
			
	 A.
	  	Leases, sales or other dispositions of Property (12 months)	  	 	 
	 	  	 (based on consolidated assets)
	  	  
	 $                    

	 	  	 (based on consolidated net sales)
	  	  
	 $                    

	 	  	 (based on consolidated Net Income)
	  	  
	 $                    

			
	 	  	Substantial Portion of Property of the Company	  	 	 
	 	  	 (10% of consolidated assets)
	  	  
	 $                    

	 	  	 (10% of consolidated net sales)
	  	  
	 $                    

	 	  	 (10% of consolidated Net Income)
	  	  
	 $                    

		
	 Section 6.14 - Investments
	  	 	 
			
	 A.
	  	Other Investments	  	$	                    
	 	  	 Requirement: not to exceed the greater of
 $40,000,000 or
 10% of Consolidated Net Worth (i.e.
$                    )
	  	 	 
		
	 Section 6.16 - Capital Expenditures
	  	 	 
			
	 A.
	  	Capital Expenditures (one fiscal year)	  	$	                    
	 	  	Requirement: Not to exceed $30,000,000	  	 	 

  

 84 

 Section 6.22.1 - Fixed Charge Coverage Ratio 
  

	 A.
	  	Consolidated Income Available for Fixed Charges (last four fiscal quarters):
	 	  	(i)	  	(a)	  	Consolidated Net Income	 	$                
	 	  	 	  	(b)	  	federal, state or other income tax expense	 	$                
	 	  	 	  	(c)	  	Rentals (other than Rentals on Capitalized Leases)	 	$                
	 	  	 	  	(d)	  	Consolidated Interest Expense on all Indebtedness	 	 
	 	  	 	  	 	  	(including the interest component of Rentals on	 	 
	 	  	 	  	 	  	Capitalized Leases)	 	$                
	 	  	 	  	(e)	  	depreciation expense	 	$                
					
	 	  	 	  	 	  	Sum of (a) through (e)	 	 (i)
=     $                    

					
	 	  	(ii)	  	(a)	  	Capital Expenditures	 	$                
	 	  	 	  	(b)	  	cash dividends paid	 	$                
					
	 	  	 	  	 	  	Sum of (a) and (b)	 	 (ii) =    $                    

					
	 	  	 	  	 	  	(i) minus (ii)	 	A =     $                    
		
	 B.
	  	Consolidated Fixed Charges:
				
	 	  	(i)	  	 Rentals (other than Rentals on Capitalized Leases)
 for the period of four fiscal quarters preceding the date of determination
	 	            $                    
	 	  	(ii)	  	Consolidated Interest Expense on all Indebtedness	 	 
	 	  	 	  	(including the interest component of Rentals on Capitalized Leases)	 	 
	 	  	 	  	for the period of four fiscal quarters preceding the date of determination	 	            $                    
	 	  	(iii)	  	Indebtedness (excluding the Loans) payable pursuant to the	 	 
	 	  	 	  	scheduled amortization of such Indebtedness for the period of	 	 
	 	  	 	  	four fiscal quarters immediately following the date of determination	 	            $                    
					
	 	  	 	  	 	  	Sum of (i) through (iii)	 	B
=      $                    
		
	 C.
	  	The ratio of A to B
                                        
                                        
                                        
                :1.00

  
 MINIMUM
PERMITTED:                     1.25:1.00 
  

 85 

 Section 6.22.2 - Leverage Ratio 
  

	 A.
	  	Consolidated Indebtedness	  	A =    $                
			
	 B.
	  	Consolidated EBITDA (last four fiscal quarters):	  	 
	 	  	(i)	  	(a)	  	Consolidated Net Income	  	$                
	 	  	 	  	(b)	  	Consolidated Interest Expense	  	$                
	 	  	 	  	(c)	  	expense for taxes paid or accrued	  	$                
	 	  	 	  	(d)	  	depreciation expense	  	$                
	 	  	 	  	(e)	  	amortization expense	  	$                
	 	  	 	  	(f)	  	extraordinary losses	  	$                
	 	  	 	  	(g)	  	extraordinary gains	  	$                
					
	 	  	 	  	 	  	Sum of (a) through (f) minus (g)	  	B =    $                
		
	 C.
	  	The ratio of A to
B                                        
                                        
                                        
                :1.00

  
 MAXIMUM
PERMITTED:                 1.25:1.00 
  
 Section 6.22.3 - Minimum Net Worth 
  

	 Consolidated Net Worth
	  	$                

  
 MINIMUM
PERMITTED                 $1.00. 
  

 86 

 SCHEDULE II TO COMPLIANCE CERTIFICATE 
  
 Reports and Deliveries Currently Due 
  

 87 

 EXHIBIT B 
  

FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT 
  
 This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by
and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit
Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated
herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
  
 For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes
from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Agent as contemplated below, the interest in and to all of the Assignor’s rights and
obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto that represents the amount and percentage interest identified below of all of the Assignor’s outstanding rights
and obligations under the respective facilities identified below (including without limitation any letters of credit, guaranties and swingline loans included in such facilities and, to the extent permitted to be assigned under applicable law, all
claims (including without limitation contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity), suits, causes of action and any other right of the Assignor against any Person whether known or
unknown arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby) (the “Assigned Interest”). Such sale and assignment is
without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 
  

	 1.
	  	Assignor:	  	_____________________________________
			
	 2.
	  	Assignee:	  	                                       
                                        
         [and is an Affiliate/Approved
 Fund of [identify Lender]1

			
	 3.
	  	Borrower:	  	SEI Investments Company
			
	 4.
	  	Agent:	  	Bank One, NA, as the agent under the Credit Agreement.
			
	 5.
	  	Credit Agreement:	  	The $200,000,000 Credit Agreement dated as of September 15, 2003 among SEI Investments Company, the Lenders party thereto, Bank One, NA, as Agent, and the other agents party
thereto.

	1	Select as applicable. 

  

 88 

	6.	Assigned Interest: 

  

	 Facility Assigned

	 	 Aggregate Amount of
 Commitment/Loans for
 all Lenders*

	 	 Amount of
 Commitment/Loans
 Assigned*

	 	 Percentage Assigned of
 Commitment/Loans2

	 Revolving Credit
	 	$	 	$	 	            %

  

	7.	Trade
Date:                                       
                                     3 

  
 Effective Date:             , 20     [TO BE INSERTED BY AGENT AND WHICH
SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER BY THE AGENT.] 
  
 The terms set forth in this Assignment and Assumption are hereby agreed to: 
  

	 ASSIGNOR

	 [NAME OF ASSIGNOR]

	
	 By:

	             Title:

	
	 ASSIGNEE

	 [NAME OF ASSIGNEE]

	
	 By:

	             Title:

  

	 [Consented to and]4 Accepted:

	
	 BANK ONE, NA, as Agent

	
	 By:

	 Title:

	
	 [Consented to:]5

	
	 SEI INVESTMENTS COMPANY

	
	 By:

	 Title:

	*	Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date. 

	2	Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

	3	Insert if satisfaction of minimum amounts is to be determined as of the Trade Date.

	4	To be added only if the consent of the Agent is required by the terms of the Credit Agreement. 

	5	To be added only if the consent of the Borrower is required by the terms of the Credit Agreement. 

  

 89 

 ANNEX 1 
 TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION 
  
 1. Representations and Warranties. 
  
 1.1 Assignor. The Assignor represents and warrants that (i) it is the
legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver
this Assignment and Assumption and to consummate the transactions contemplated hereby. Neither the Assignor nor any of its officers, directors, employees, agents or attorneys shall be responsible for (i) any statements, warranties or representations
made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency, perfection, priority, collectibility, or value of the Loan Documents or any collateral
thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document, (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates
or any other Person of any of their respective obligations under any Loan Documents, (v) inspecting any of the property, books or records of the Borrower, or any guarantor, or (vi) any mistake, error of judgment, or action taken or omitted to be
taken in connection with the Loans or the Loan Documents. 
  
 1.2.
Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and
to become a Lender under the Credit Agreement, (ii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a
Lender thereunder, (iii) agrees that its payment instructions and notice instructions are as set forth in Schedule 1 to this Assignment and Assumption, (iv) confirms that none of the funds, monies, assets or other consideration being used to make
the purchase and assumption hereunder are “plan assets” as defined under ERISA and that its rights, benefits and interests in and under the Loan Documents will not be “plan assets” under ERISA, (v) agrees to indemnify and hold
the Assignor harmless against all losses, costs and expenses (including, without limitation, reasonable attorneys’ fees) and liabilities incurred by the Assignor in connection with or arising in any manner from the Assignee’s
non-performance of the obligations assumed under this Assignment and Assumption, (vi) it has received a copy of the Credit Agreement, together with copies of financial statements and such other documents and information as it has deemed appropriate
to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Agent or any other
Lender, and (vii) attached as Schedule 2 to this Assignment and Assumption is any documentation required to be delivered by the Assignee with respect to its tax status pursuant to the terms of the Credit Agreement, duly completed and executed by the
Assignee and (b) agrees that (i) it will, independently and without reliance on the Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 
  
 2. Payments. The Assignee shall pay the Assignor, on the Effective
Date, the amount agreed to by the Assignor and the Assignee. From and after the Effective Date, the Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor
for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. 
  
 3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective
successors and assigns. This Assignment and 

  

 90 

 
Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature
page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of
the State of Illinois. 
  

 91 

 SCHEDULE 1 
  

ADMINISTRATIVE QUESTIONNAIRE 
  
 (Schedule to be supplied by Closing Unit or Trading Documentation Unit) 
  
 (For Forms for Primary Syndication call Peterine Svoboda at 312-732-8844) 
 (For Forms after Primary Syndication call Jim Bartz at 312-732-1242) 
  

 92 

 SCHEDULE 2 
  

US AND NON-US TAX INFORMATION REPORTING REQUIREMENTS 
  
 (Schedule to be supplied by Closing Unit or Trading Documentation Unit) 
  
 (For Forms for Primary Syndication call Peterine Svoboda at 312-732-8844) 
 (For Forms after Primary Syndication call Jim Bartz at 312-732-1242) 
  
  

 93 

 EXHIBIT C 
  

LOAN/CREDIT RELATED MONEY TRANSFER INSTRUCTION 
  
 To Bank One, NA, 
 as Agent (the “Agent”) under the Credit Agreement 
 Described Below. 
  

	Re:	Credit Agreement, dated as of September 15, 2003 (as the same may be amended or modified, the “Credit Agreement”), among SEI Investments Company (the
“Borrower”), the Lenders named therein and the Agent. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned thereto in the Credit Agreement. 

  
 The Agent is specifically authorized and directed to act upon the following
standing money transfer instructions with respect to the proceeds of Advances or other extensions of credit from time to time until receipt by the Agent of a specific written revocation of such instructions by the Borrower, provided, however,
that the Agent may otherwise transfer funds as hereafter directed in writing by the Borrower in accordance with Section 13.1 of the Credit Agreement or based on any telephonic notice made in accordance with Section 2.14 of the Credit Agreement.

  

	 Facility Identification Number(s)

	 Customer/Account Name

	 Transfer Funds To

	  

	 For Account No.

	 Reference/Attention To

  

	 Authorized Officer (Customer Representative)
	 	 Date: September 15, 2003

		
	
 (Please Print)
	 	
 Signature

		
	 Bank Officer Name
	 	 Date: September 15, 2003

		
	
 (Please Print)
	 	
 Signature

  
 (Deliver Completed
Form to Credit Support Staff For Immediate Processing) 
  

 94 

 EXHIBIT D 
  

FORM OF NOTE 
  
 September 15, 2003 
  
 SEI INVESTMENTS COMPANY, a Pennsylvania corporation (the “Borrower”), promises to pay to the order
of                                       
                        (the “Lender”) the aggregate unpaid principal amount of all Loans made by the Lender to the
Borrower pursuant to Article II of the Agreement (as hereinafter defined), in immediately available funds at the main office of Bank One, NA in Chicago, Illinois, as Agent, together with interest on the unpaid principal amount hereof at the rates
and on the dates set forth in the Agreement. The Borrower shall pay the principal of and accrued and unpaid interest on the Loans in full on the Facility Termination Date and shall make such mandatory payments as are required to be made under the
terms of Article II of the Agreement. 
  
 The Lender shall, and is
hereby authorized to, record on the schedule attached hereto, or to otherwise record in accordance with its usual practice, the date and amount of each Loan and the date and amount of each principal payment hereunder. 
  
 This Note is one of the Notes issued pursuant to, and is entitled to the
benefits of, the Credit Agreement dated as of September 15, 2003 (which, as it may be amended or modified and in effect from time to time, is herein called the “Agreement”), among the Borrower, the lenders party thereto, including the
Lender, and Bank One, NA, as Agent, to which Agreement reference is hereby made for a statement of the terms and conditions governing this Note, including the terms and conditions under which this Note may be prepaid or its maturity date
accelerated. Capitalized terms used herein and not otherwise defined herein are used with the meanings attributed to them in the Agreement. 
  

	 SEI INVESTMENTS COMPANY

	
	 By:

	 Print Name:

	 Title:

  

 95 

 SCHEDULE OF LOANS AND PAYMENTS OF PRINCIPAL 
 TO 
 NOTE OF
                                         ,

 DATED SEPTEMBER 15, 2003 
  

	 Date

	 	 Principal
 Amount of
 Loan

	 	 Maturity
 of Interest
 Period

	 	 Principal
 Amount
 Paid

	 	 Unpaid
 Balance

  
  

 96

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