Document:

EX-10.1 Amended and Restated Agreement 2005

 

EXHIBIT 10.1

 

 

EXECUTION COPY

AMENDED AND RESTATED

CREDIT AGREEMENT

Dated as of June 30, 2005

among

THE TIMKEN COMPANY,

as the Borrower,

CERTAIN SUBSIDIARIES,

as Guarantors,

BANK OF AMERICA, N.A. and KEYBANK NATIONAL ASSOCIATION,

as Co-Administrative Agents,

JPMORGAN CHASE BANK, N.A. and WACHOVIA BANK, NATIONAL ASSOCIATION,

as Syndication Agents,

KEYBANK NATIONAL ASSOCIATION,

as Paying Agent, L/C Issuer and Swing Line Lender,

and

The Other Lenders Party Hereto

BANC OF AMERICA SECURITIES LLC and KEYBANC CAPITAL MARKETS,

as

Joint Lead Arrangers and Joint Book Managers

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	Section	 	 	 	Page	 
	ARTICLE I DEFINITIONS AND ACCOUNTING TERMS	 	 	1	 
	1.01
	 	Defined Terms	 	 	1	 
	1.02
	 	Other Interpretive Provisions	 	 	22	 
	1.03
	 	Accounting Terms	 	 	23	 
	1.04
	 	Rounding	 	 	23	 
	1.05
	 	References to Agreements and Laws	 	 	23	 
	1.06
	 	Times of Day	 	 	24	 
	1.07
	 	Letter of Credit Amounts	 	 	24	 
	1.08
	 	Currency Equivalents Generally	 	 	24	 
	 
	 	 	 	 	 	 
	ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS	 	 	24	 
	2.01
	 	The Loans	 	 	24	 
	2.02
	 	Borrowings, Conversions and Continuations of Loans	 	 	25	 
	2.03
	 	Letters of Credit	 	 	27	 
	2.04
	 	Swing Line Loans	 	 	34	 
	2.05
	 	Prepayments	 	 	36	 
	2.06
	 	Termination or Reduction of Commitments	 	 	37	 
	2.07
	 	Repayment of Loans	 	 	38	 
	2.08
	 	Interest	 	 	38	 
	2.09
	 	Fees	 	 	38	 
	2.10
	 	Computation of Interest and Fees	 	 	39	 
	2.11
	 	Evidence of Indebtedness	 	 	39	 
	2.12
	 	Payments Generally	 	 	40	 
	2.13
	 	Sharing of Payments	 	 	42	 
	2.14
	 	Committed Currency Borrowings	 	 	43	 
	 
	 	 	 	 	 	 
	ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY	 	 	43	 
	3.01
	 	Taxes	 	 	43	 
	3.02
	 	Illegality	 	 	44	 
	3.03
	 	Inability to Determine Rates	 	 	45	 
	3.04
	 	Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurocurrency Rate Loans	 	 	45	 
	3.05
	 	Funding Losses	 	 	46	 
	3.06
	 	Matters Applicable to All Requests for Compensation	 	 	46	 
	3.07
	 	Survival	 	 	46	 
	 
	 	 	 	 	 	 
	ARTICLE IV GUARANTY	 	 	47	 
	4.01
	 	The Guaranty	 	 	47	 
	4.02
	 	Obligations Unconditional	 	 	47	 
	4.03
	 	Reinstatement	 	 	48	 
	4.04
	 	Certain Additional Waivers	 	 	48	 
	4.05
	 	Remedies	 	 	48	 
	4.06
	 	Rights of Contribution	 	 	49	 
	4.07
	 	Guarantee of Payment; Continuing Guarantee	 	 	49	 
	 
	 	 	 	 	 	 
	ARTICLE V CONDITIONS PRECEDENT TO CREDIT EXTENSIONS	 	 	49	 

i

 

	 	 	 	 	 	 	 
	Section	 	 	 	Page	 
	5.01
	 	Conditions of Initial Credit Extension	 	 	49	 
	5.02
	 	Conditions to all Credit Extensions	 	 	51	 
	 
	 	 	 	 	 	 
	ARTICLE VI REPRESENTATIONS AND WARRANTIES	 	 	51	 
	6.01
	 	Existence, Qualification and Power; Compliance with Laws	 	 	51	 
	6.02
	 	Authorization; No Contravention	 	 	51	 
	6.03
	 	Governmental Authorization; Other Consents	 	 	52	 
	6.04
	 	Binding Effect	 	 	52	 
	6.05
	 	Financial Statements; No Material Adverse Effect	 	 	52	 
	6.06
	 	Litigation	 	 	53	 
	6.07
	 	No Default	 	 	53	 
	6.08
	 	Ownership of Property; Liens	 	 	53	 
	6.09
	 	Environmental Compliance	 	 	53	 
	6.10
	 	Insurance	 	 	54	 
	6.11
	 	Taxes	 	 	54	 
	6.12
	 	Pension Plans	 	 	54	 
	6.13
	 	Subsidiaries; Equity Interests	 	 	55	 
	6.14
	 	Margin Regulations; Investment Company Act; Public Utility Holding Company Act	 	 	55	 
	6.15
	 	Disclosure	 	 	55	 
	6.16
	 	Compliance with Laws	 	 	56	 
	6.17
	 	Intellectual Property; Licenses, Etc	 	 	56	 
	6.18
	 	Solvency	 	 	56	 
	 
	 	 	 	 	 	 
	ARTICLE VII AFFIRMATIVE COVENANTS	 	 	56	 
	7.01
	 	Financial Statements	 	 	56	 
	7.02
	 	Certificates; Other Information	 	 	57	 
	7.03
	 	Notices	 	 	58	 
	7.04
	 	Payment of Obligations	 	 	59	 
	7.05
	 	Preservation of Existence, Etc	 	 	59	 
	7.06
	 	Maintenance of Properties	 	 	59	 
	7.07
	 	Maintenance of Insurance	 	 	59	 
	7.08
	 	Compliance with Laws	 	 	59	 
	7.09
	 	Books and Records	 	 	60	 
	7.10
	 	Inspection Rights	 	 	60	 
	7.11
	 	Use of Proceeds	 	 	60	 
	7.12
	 	Covenant to Guarantee Obligations	 	 	60	 
	7.13
	 	Compliance with Environmental Laws	 	 	61	 
	7.14
	 	Further Assurances	 	 	61	 
	 
	 	 	 	 	 	 
	ARTICLE VIII NEGATIVE COVENANTS	 	 	61	 
	8.01
	 	Liens	 	 	61	 
	8.02
	 	Investments	 	 	62	 
	8.03
	 	Indebtedness	 	 	64	 
	8.04
	 	Fundamental Changes	 	 	66	 
	8.05
	 	Dispositions	 	 	67	 
	8.06
	 	Restricted Payments	 	 	68	 
	8.07
	 	Change in Nature of Business	 	 	68	 
	8.08
	 	Transactions with Affiliates	 	 	68	 
	8.09
	 	Burdensome Agreements	 	 	69	 
	8.10
	 	Use of Proceeds	 	 	69	 
	8.11
	 	Financial Covenants	 	 	69	 

ii

 

	 	 	 	 	 	 	 
	Section	 	 	 	Page	 
	8.12
	 	Amendments of Organization Documents	 	 	70	 
	 
	 	 	 	 	 	 
	ARTICLE IX EVENTS OF DEFAULT AND REMEDIES	 	 	70	 
	9.01
	 	Events of Default	 	 	70	 
	9.02
	 	Remedies upon Event of Default	 	 	71	 
	9.03
	 	Application of Funds	 	 	72	 
	 
	 	 	 	 	 	 
	ARTICLE X AGENTS	 	 	73	 
	10.01
	 	Appointment and Authorization of Agents	 	 	73	 
	10.02
	 	Delegation of Duties	 	 	73	 
	10.03
	 	Liability of Agents	 	 	74	 
	10.04
	 	Reliance by Agents	 	 	74	 
	10.05
	 	Notice of Default	 	 	74	 
	10.06
	 	Credit Decision; Disclosure of Information by Agents	 	 	75	 
	10.07
	 	Indemnification of Agents	 	 	75	 
	10.08
	 	Agents in Their Individual Capacities	 	 	75	 
	10.09
	 	Successor Agents	 	 	76	 
	10.10
	 	Co-Administrative Agents May File Proofs of Claim	 	 	76	 
	10.11
	 	Guaranty Matters	 	 	77	 
	10.12
	 	Other Agents; Arrangers and Managers	 	 	77	 
	 
	 	 	 	 	 	 
	ARTICLE XI MISCELLANEOUS	 	 	78	 
	11.01
	 	Amendments, Etc	 	 	78	 
	11.02
	 	Notices and Other Communications; Facsimile Copies	 	 	79	 
	11.03
	 	No Waiver; Cumulative Remedies	 	 	80	 
	11.04
	 	Attorney Costs, Expenses and Taxes	 	 	80	 
	11.05
	 	Indemnification by the Borrower	 	 	80	 
	11.06
	 	Payments Set Aside	 	 	81	 
	11.07
	 	Successors and Assigns	 	 	81	 
	11.08
	 	Confidentiality	 	 	85	 
	11.09
	 	Setoff	 	 	85	 
	11.10
	 	Interest Rate Limitation	 	 	86	 
	11.11
	 	Counterparts	 	 	86	 
	11.12
	 	Integration	 	 	86	 
	11.13
	 	Survival of Representations and Warranties	 	 	86	 
	11.14
	 	Severability	 	 	87	 
	11.15
	 	Tax Forms	 	 	87	 
	11.16
	 	Replacement of Lenders	 	 	88	 
	11.17
	 	Judgment	 	 	89	 
	11.18
	 	Substitution of Currency	 	 	89	 
	11.19
	 	Governing Law	 	 	89	 
	11.20
	 	Waiver of Right to Trial by Jury	 	 	90	 
	11.21
	 	Binding Effect	 	 	90	 

iii

 

SCHEDULES

	 	 	 	 	 
	 

	 	I
	 	Certain Timken Stockholders
	 

	 	II
	 	Material Subsidiaries
	 

	 	III
	 	Existing Letters of Credit
	 

	 	IV
	 	Consolidated EBITDA
	 

	 	2.01
	 	Commitments and Pro Rata Shares
	 

	 	6.08(b)
	 	Existing Liens
	 

	 	6.09
	 	Environmental Matters
	 

	 	6.12
	 	Pension Plans
	 

	 	6.13
	 	Subsidiaries and Other Equity Investments
	 

	 	6.15
	 	Projected Financial Information
	 

	 	8.02(f)
	 	Existing Investments
	 

	 	8.03
	 	Existing Indebtedness
	 

	 	8.08
	 	Transactions with Affiliates
	 

	 	8.09
	 	Burdensome Agreements
	 

	 	11.02
	 	Paying Agent’s Office, Certain Addresses for Notices

EXHIBITS

Form of

	 	 	 	 	 
	 

	 	A
	 	Committed Loan Notice
	 

	 	B
	 	Swing Line Loan Notice
	 

	 	C
	 	Revolving Credit Note
	 

	 	D
	 	Compliance Certificate
	 

	 	E
	 	Assignment and Assumption
	 

	 	F
	 	Joinder Agreement

iv

 

AMENDED AND RESTATED

CREDIT AGREEMENT

     This AMENDED AND RESTATED CREDIT AGREEMENT (“Agreement”) is entered into as of June
30, 2005, among THE TIMKEN COMPANY, an Ohio corporation (the “Borrower”), the Guarantors
(defined herein), BANK OF AMERICA, N.A. and KEYBANK NATIONAL ASSOCIATION, as Co-Administrative
Agents, KEYBANK NATIONAL ASSOCIATION, as Paying Agent, JPMORGAN CHASE BANK, N.A. and WACHOVIA BANK,
NATIONAL ASSOCIATION, as Syndication Agents, each lender from time to time party hereto
(collectively, the “Lenders” and individually, a “Lender”) and KEYBANK NATIONAL
ASSOCIATION, as L/C Issuer and Swing Line Lender and amends and restates that certain Credit
Agreement dated as of December 31, 2002 among the Borrower, certain financial institutions party
thereto and Bank of America, N.A. and KeyBank National Association, as co-administrative agents
(the “Existing Credit Agreement”).

PRELIMINARY STATEMENTS:

     1. The Borrower has requested that the Existing Credit Agreement be amended and restated to
make certain modifications thereto.

     2. The Co-Administrative Agents and the Lenders are willing to amend and restate the Existing
Credit Agreement, upon and subject to the terms and conditions set forth herein.

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

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

1.01 Defined Terms.

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

     “Acquisition Adjustment Period” has the meaning specified in Section 8.11(a).

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

     “Affiliate” means, with respect to any Person, another Person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified. “Control” means the possession, directly or indirectly,
of the power to direct or cause the direction of the management or policies of a Person, whether
through the ability to exercise voting power, by contract or otherwise. “Controlling” and
“Controlled” have meanings correlative thereto. Without limiting the generality of the
foregoing, a Person shall be deemed to be Controlled by another Person if such other Person
possesses, directly or indirectly, power to vote 10% or more of the securities having ordinary
voting power for the election of directors, managing general partners or the equivalent.

     “Agents” means, collectively, the Co-Administrative Agents, the Paying Agent and the
Syndication Agents.

 

 

     “Agent-Related Persons” means the Co-Administrative Agents, and the Paying Agent,
together with their respective Affiliates, and the officers, directors, employees, agents and
attorneys-in-fact of such Persons and Affiliates.

     “Aggregate Commitments” means the Commitments of all the Lenders.

     “Aggregate Credit Exposures” means, at any time, the sum of (i) the unused portion of
the Commitments then in effect and (ii) the Total Outstandings at such time.

     “Agreement” means this Credit Agreement.

     “Applicable Rate” means, from time to time, the following percentages per annum, based
upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate
received by the Co-Administrative Agents pursuant to Section 7.02(b) for the most recent
fiscal quarter of the Borrower:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Applicable Rate
	 	 	 	 	 	 	 	 	Eurocurrency	 	 
	 	 	 	 	 	 	 	 	Rate +	 	 
	Pricing	 	Consolidated	 	 	 	 	 	Letters of	 	 
	Level	 	Leverage Ratio	 	Facility Fee	 	Credit	 	Base Rate +
	1

	 	< 1.0 to 1.0
	 	 	0.100	%	 	 	0.400	%	 	 	0.000	%
	2

	 	< 1.5 to 1.0 but
> 1.0 to 1.0
	 	 	0.125	%	 	 	0.500	%	 	 	0.000	%
	3

	 	< 2.0 to 1.0 but
> 1.5 to 1.0
	 	 	0.150	%	 	 	0.600	%	 	 	0.000	%
	4

	 	< 2.5 to 1.0 but
> 2.0 to 1.0
	 	 	0.225	%	 	 	0.775	%	 	 	0.000	%
	5

	 	> 2.5 to 1.0
	 	 	0.300	%	 	 	1.075	%	 	 	0.075	%

     Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated
Leverage Ratio shall become effective as of the first Business Day immediately following the date a
Compliance Certificate is required to be delivered pursuant to Section 7.02(b) in
connection with the financial statements referred to in Sections 7.01(a) and (b); provided,
however, that if a Compliance Certificate is not delivered within 10 days of the due date required
for its delivery by Section 7.02(b), then Pricing Level 5 shall apply as of the first
Business Day after the date on which such Compliance Certificate was required to have been
delivered and shall continue to apply until the first Business Day immediately following the date a
Compliance Certificate is delivered in accordance with Section 7.02(b), whereupon the
Applicable Rate shall be adjusted based upon the calculation of the Consolidated Leverage Ratio
contained in such Compliance Certificate; provided, further, however, during any Acquisition
Adjustment Period, if the Consolidated Leverage Ratio is greater than 3.0 to 1.0 as of the fiscal
quarter most recently ended, the Applicable Rate (a) of the Facility Fee shall be 0.35%, (b) for
the Eurocurrency Rate Loans and Letter of Credit fee shall be 1.275% and (c) for Base Rate Loans
shall be 0.275%. The Applicable Rate in effect from the Closing Date through the first Business
Day immediately following the date a Compliance Certificate is required to be delivered pursuant to
Section 7.02(b) for the fiscal quarter ending June 30, 2005 shall be determined based upon
Pricing Level 3.

     “Appropriate Lender” means, at any time, (a) with respect to the Revolving Credit
Facility, the Lenders, (b) with respect to the Letter of Credit Sublimit, (i) the L/C Issuer and
(ii) if any Letters of Credit have been issued, or have been deemed to have been issued, pursuant
to Section 2.03(a), the

2

 

Lenders, and (c) with respect to the Swing Line Sublimit, (i) the Swing Line Lender and (ii)
if any Swing Line Loans are outstanding pursuant to Section 2.04(a), the Lenders.

     “Approved Fund” has the meaning specified in Section 11.07(g).

     “Assignment and Assumption” means an Assignment and Assumption substantially in the
form of Exhibit E.

     “Attorney Costs” means and includes all reasonable fees, expenses and disbursements of
any law firm or other external counsel and, without duplication, the allocated cost of internal
legal services and all expenses and disbursements of internal counsel.

     “Attributable Indebtedness” means, on any date, (a) in respect of any capital lease of
any Person, the capitalized amount thereof that would appear on a balance sheet of such Person
prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease
Obligation, the capitalized amount of the remaining lease payments under the relevant lease that
would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if
such lease were accounted for as a capital lease.

     “Audited Financial Statements” means the audited consolidated balance sheet of the
Borrower and its Subsidiaries for the fiscal year ended December 31, 2004, and the related
consolidated statements of income or operations, shareholders’ equity and cash flows for such
fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

     “Auto-Renewal Letter of Credit” has the meaning specified in Section
2.03(b)(iii).

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

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

     “Bank of America Fee Letter” means the letter agreement, dated May 25, 2005, among the
Borrower, Bank of America and BAS.

     “BAS” means Banc of America Securities LLC and its successors.

     “Base Rate” means a rate per annum equal to the greater of (a) the Prime Rate and (b)
one-half of one percent (0.50%) in excess of the Federal Funds Rate. Any change in the Base Rate
shall be effective immediately from and after such change in the Base Rate.

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

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

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

3

 

     “Business Day” means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the Laws of, or are in fact closed in, the state
where the Paying Agent’s Office is located and, if such day relates to any Eurocurrency Rate Loan,
means any such day on which dealings are conducted by and between banks in the London interbank
market and banks are open for business in London and in the country of issue of the currency of
such Eurocurrency Rate Loan (or, in the case of a Loan denominated in Euro, on which the
Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open).

     “Capital Expenditures” means, with respect to any Person for any period, any
expenditure in respect of the purchase or other acquisition of any fixed or capital asset
(excluding normal replacements and maintenance which are properly charged to current operations).
For purposes of this definition, the purchase price of equipment that is purchased simultaneously
with the trade-in of existing equipment or with insurance proceeds shall be included in Capital
Expenditures only to the extent of the gross amount by which such purchase price exceeds the credit
granted by the seller of such equipment for the equipment being traded in at such time or the
amount of such insurance proceeds, as the case may be.

     “Cash Collateralize” has the meaning specified in Section 2.03(g).

     “Cash Equivalents” means any of the following types of Investments, to the extent
owned by the Borrower or any of its Subsidiaries free and clear of all Liens:

     (a) readily marketable obligations issued or directly and fully guaranteed or insured
by the United States of America or any agency or instrumentality thereof having maturities
of not more than 360 days from the date of acquisition thereof; provided that the full faith
and credit of the United States of America is pledged in support thereof;

     (b) readily marketable obligations issued by the District of Columbia, any state of the
United States of America or any political subdivision thereof (i) having maturities of not
more than 360 days from the date of acquisition thereof, (ii) rated at least A by S&P and at
least A2 by Moody’s, and (iii) in an amount not to exceed $20,000,000 per issuer or
$100,000,000 in the aggregate;

     (c) time deposits or repurchase agreements with, or insured certificates of deposit or
bankers’ acceptances of, any commercial bank that (i) (A) is a Lender or (B) is organized
under the laws of the United States of America, any state thereof or the District of
Columbia or is the principal banking subsidiary of a bank holding company organized under
the laws of the United States of America, any state thereof or the District of Columbia, and
is a member of the Federal Reserve System, (ii) issues (or the parent of which issues)
commercial paper rated as described in clause (d) of this definition and (iii) has combined
capital and surplus of at least $1,000,000,000, in each case with maturities of not more
than 180 days from the date of acquisition thereof;

     (d) commercial paper or master notes issued by any Person organized under the laws of
any state of the United States of America and rated at least “Prime-1” (or the then
equivalent grade) by Moody’s or at least “A-1” (or the then equivalent grade) by S&P, in
each case with maturities of not more than 90 days from the date of acquisition thereof;

     (e) obligations issued by any Person organized under the laws of any state of the
United States of America (i) having maturities of not more than 365 days from the date of
acquisition thereof and (ii) rated at least A by S&P and at least A2 by Moody’s;

4

 

     (f) Investments, classified in accordance with GAAP as Current Assets of the Borrower
or any of its Subsidiaries, in money market investment programs registered under the
Investment Company Act of 1940 which are administered by financial institutions that have
the highest rating obtainable from either Moody’s or S&P, and the portfolios of which are
limited solely to Investments of the character, quality and maturity described in clauses
(a), (b), (c), (d) and (e) of this definition; and

     (g) with respect to Foreign Subsidiaries, the approximate foreign equivalent of any of
clauses (a) through (f) above.

     “CERCLA” means the Comprehensive Environmental Response, Compensation and Liability
Act of 1980.

     “CERCLIS” means the Comprehensive Environmental Response, Compensation and Liability
Information System maintained by the U.S. Environmental Protection Agency.

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

     (a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or
its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other
fiduciary or administrator of any such plan), other than those Persons listed on Schedule I
and the heirs, administrators or executors of any such Persons and any trust established by
or for the benefit of such Persons, becomes the “beneficial owner” (as defined in Rules
13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group
shall be deemed to have “beneficial ownership” of all securities that such person or group
has the right to acquire (such right, an “option right”), whether such right is exercisable
immediately or only after the passage of time), directly or indirectly, of 30% or more of
the equity securities of the Borrower entitled to vote for members of the board of directors
or equivalent governing body of such Person on a fully-diluted basis (and taking into
account all such securities that such person or group has the right to acquire pursuant to
any option right); or

     (b) during any period of 24 consecutive months, a majority of the members of the board
of directors or other equivalent governing body of the Borrower cease to be composed of
individuals (i) who were members of that board or equivalent governing body on the first day
of such period, (ii) whose election or nomination to that board or equivalent governing body
was approved by individuals referred to in clause (i) above constituting at the time of such
election or nomination at least a majority of that board or equivalent governing body or
(iii) whose election or nomination to that board or other equivalent governing body was
approved by individuals referred to in clauses (i) and (ii) above constituting at the time
of such election or nomination at least a majority of that board or equivalent governing
body (excluding, in the case of both clause (ii) and clause (iii), any individual whose
initial nomination for, or assumption of office as, a member of that board or equivalent
governing body occurs as a result of an actual or threatened solicitation of proxies or
consents for the election or removal of one or more directors by any person or group other
than a solicitation for the election of one or more directors by or on behalf of the board
of directors), or

     (c) any Person or two or more Persons acting in concert, other than those Persons
listed on Schedule I, shall have acquired by contract or otherwise, or shall have
entered into a contract or arrangement that, upon consummation thereof, will result in its
or their acquisition of the power to exercise, directly or indirectly, a controlling
influence over the management or

5

 

policies of the Borrower, or control over the equity securities of such Person entitled
to vote for members of the board of directors or equivalent governing body of such Person on
a fully-diluted basis (and taking into account all such securities that such person or group
has the right to acquire pursuant to any option right) representing 30% or more of the
combined voting power of such securities.

     “Closing Date” means June 30, 2005.

     “Co-Administrative Agent” means each of Bank of America and KeyBank in its capacity as
a co-administrative agent under any of the Loan Documents, or any successor co-administrative
agent.

     “Code” means the Internal Revenue Code of 1986.

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

     “Committed Currencies” means Canadian dollars, pounds sterling, Japanese yen, Euros
and other freely transferable currencies satisfactory to the Lenders in their sole discretion.

     “Committed Currency Sublimit” means an amount equal to $100,000,000. The Committed
Currency Sublimit is part of, and not in addition to, the Revolving Credit Facility.

     “Committed L/C Currency Sublimit” means an amount equal to $100,000,000. The
Committed L/C Currency Sublimit is part of, and not in addition to, the Letter of Credit Sublimit.

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

     “Compensation Period” has the meaning specified in Section 2.12(c)(ii).

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

     “Consolidated EBITDA” means, for any period, for the Borrower and its Subsidiaries on
a consolidated basis, an amount equal to Consolidated Net Income before cumulative effect of
accounting changes for such period plus (a) the following to the extent deducted in calculating
such Consolidated Net Income: (i) Consolidated Interest Charges for such period, (ii) the
provision for federal, state, local and foreign income taxes for such period, (iii) depreciation
and amortization expense, (iv) other non-recurring charges and expenses of the Borrower and its
Subsidiaries reducing such Consolidated Net Income which do not represent a cash item in such
period or any future period, (v) any losses realized upon the Disposition of assets outside the
ordinary course of business, and (vi) the aggregate amount of impairment, restructuring,
reorganization, implementation and manufacturing rationalization charges for such period not to
exceed (A) the amount set forth in Part A of Schedule IV in the aggregate for all periods and (B)
the amount set forth in Part B of Schedule IV in the aggregate for any four fiscal quarter period
and minus (b) the sum of (i) all non-recurring material non-cash items increasing Consolidated Net
Income for such period, (ii) any gains realized upon the Disposition of assets outside the ordinary
course

6

 

of business, and (iii) payments (net of expenses) received with respect to the United States -
Continued Dumping and Subsidy Offset Act of 2000.

     “Consolidated Funded Indebtedness” means, as of any date of determination, for the
Borrower and its Subsidiaries on a consolidated basis, the sum of (without duplication) (a) the
outstanding principal amount of all obligations, whether current or long-term, for borrowed money
(including Obligations hereunder) and all obligations evidenced by bonds, debentures, notes, loan
agreements or other similar instruments, (b) all purchase money Indebtedness, (c) all direct
obligations arising under letters of credit (including standby and commercial), bankers’
acceptances, bank guaranties, surety bonds and similar instruments, (d) all obligations in respect
of the deferred purchase price of property or services (other than trade accounts payable in the
ordinary course of business), (e) Attributable Indebtedness, (f) all Off-Balance Sheet Liabilities,
(g) without duplication, all Guarantees with respect to outstanding Indebtedness (other than
Indebtedness that is contingent in nature) of the types specified in clauses (a) through (f) above
of Persons other than the Borrower or any Subsidiary, and (h) all Indebtedness of the types
referred to in clauses (a) through (g) above of any partnership or joint venture (other than a
joint venture that is itself a corporation or limited liability company) in which the Borrower or a
Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made
non-recourse to the Borrower or such Subsidiary.

     “Consolidated Interest Charges” means, for any period, for the Borrower and its
Subsidiaries on a consolidated basis, the sum of all interest, premium payments, debt discount,
fees, charges and related expenses of the Borrower and its Subsidiaries in connection with borrowed
money (including capitalized interest) or in connection with the deferred purchase price of assets,
in each case to the extent treated as interest in accordance with GAAP, net of interest income in
accordance with GAAP.

     “Consolidated Interest Coverage Ratio” means, as of any date of determination, the
ratio of (a) the sum of (i) Consolidated EBITDA for the period of the four fiscal quarters ended on
such date minus (ii) Capital Expenditures of the Borrower and its Subsidiaries for such
period to (b) Consolidated Interest Charges for such period.

     “Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a)
Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the
four fiscal quarters ended on such date. The Consolidated Leverage Ratio (including for purposes
of determining the Applicable Rate) shall be calculated on a Pro Forma Basis.

     “Consolidated Net Income” means, for any period, for the Borrower and its Subsidiaries
on a consolidated basis, the net income of the Borrower and its Subsidiaries (excluding
extraordinary gains and extraordinary losses) for that period.

     “Consolidated Net Worth” means, as of any date of determination, the consolidated net
worth of the Borrower and its Subsidiaries, determined as of such date in accordance with GAAP;
provided, however, that there shall be excluded from consolidated net worth any adjustments made to
consolidated net worth as a result of the effects of FAS 87, provided that the cumulative amount of
such adjustments for periods on or after April 1, 2005 may not exceed $160,000,000.

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

     “Control” has the meaning specified in the definition of “Affiliate.”

7

 

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

     “Current Assets” means, with respect to any Person, all assets of such Person that, in
accordance with GAAP, would be classified as current assets on the balance sheet of a company
conducting a business the same as or similar to that of such Person, after deducting appropriate
and adequate reserves therefrom in each case in which a reserve is proper in accordance with GAAP.

     “Debt Rating” means, as of any date of determination, the rating as determined (x) by
S&P of the Borrower’s long term corporate credit or (y) by Moody’s of the Borrower’s senior
unsecured long term debt, in each of clause (x) and (y) on a non-credit enhanced basis; provided
that if (i) a Debt Rating is issued by each of the foregoing rating agencies, then the higher of
such Debt Ratings shall apply, and (ii) either S&P or Moody’s shall change the basis on which
ratings are established by it, each reference to the Debt Rating announced by S&P or Moody’s shall
refer to the then equivalent rating by S&P or Moody’s, as the case may be.

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

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

     “Default Rate” means an interest rate equal to (a) the Applicable Rate, if any,
applicable to Base Rate Loans plus (b) 2.0% per annum; provided, however, that with respect to a
Eurocurrency Rate Loan, the Default Rate shall be an interest rate equal to the Applicable Rate
otherwise applicable to such Loan plus 2.0% per annum, in each case to the fullest extent permitted
by applicable Laws.

     “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the
Revolving Credit Loans, participations in L/C Obligations or participations in Swing Line Loans
required to be funded by it hereunder within one Business Day of the date required to be funded by
it hereunder, (b) has otherwise failed to pay over to the Paying Agent or any other Lender any
other amount required to be paid by it hereunder within one Business Day of the date when due,
unless the subject of a good faith dispute, or (c) has been deemed insolvent or becomes the subject
of a bankruptcy or insolvency proceeding.

     “Determination Date” has the meaning specified in Section 2.14(a).

     “Disposition” or “Dispose” means the sale, transfer, license, lease or other
disposition (including any sale and leaseback transaction) of any property by any Person, including
any sale, assignment, transfer or other disposal, with or without recourse, of any notes or
accounts receivable or any rights and claims associated therewith.

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

     “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any
political subdivision of the United States.

     “Eligible Assignee” has the meaning specified in Section 11.07(g).

8

 

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

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

     “Environmental Permit” means any permit, approval, identification number, license or
other authorization required under any Environmental Law.

     “Equity Interests” means, with respect to any Person, all of the shares of capital
stock of (or other ownership or profit interests in) such Person, all of the warrants, options or
other rights for the purchase or acquisition from such Person of shares of capital stock of (or
other ownership or profit interests in) such Person, all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person
or warrants, rights or options for the purchase or acquisition from such Person of such shares (or
such other interests), and all of the other ownership or profit interests in such Person
(including, without limitation, partnership, member or trust interests therein), whether voting or
nonvoting, and whether or not such shares, warrants, options, rights or other interests are
outstanding on any date of determination.

     “Equivalent” in Dollars of any Committed Currency on any date means the equivalent in
Dollars of such Committed Currency determined by using the quoted spot rate at which Bank of
America’s principal office in London offers to exchange Dollars for such Committed Currency in
London prior to 4:00 P.M. (London time) (unless otherwise indicated by the terms of this Agreement)
on such date as is required pursuant to the terms of this Agreement, and the “Equivalent”
in any Committed Currency of Dollars means the equivalent in such Committed Currency of Dollars
determined by using the quoted spot rate at which Bank of America’s principal office in London
offers to exchange such Committed Currency for Dollars in London prior to 4:00 P.M. (London time)
(unless otherwise indicated by the terms of this Agreement) on such date as is required pursuant to
the terms of this Agreement.

     “ERISA” means the Employee Retirement Income Security Act of 1974.

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

     “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a
withdrawal by the Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063 of
ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2)
of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e)
of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a
Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing
of a notice of intent to terminate, the treatment of a Plan amendment as a termination under
Sections 4041 or 4041A of ERISA, or the

9

 

commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e)
an event or condition which constitutes grounds under Section 4042 of ERISA for the termination of,
or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the
imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not
delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate.

     “EURIBO Rate” means the rate appearing on Page 248 of the Telerate Service (or on any
successor or substitute page of such Service, or any successor to or substitute for such Service,
providing rate quotations comparable to those currently provided on such page of such Service, as
determined by the Paying Agent from time to time for purposes of providing quotations of interest
rates applicable to deposits in Euro by reference to the Banking Federation of the European Union
Settlement Rates for deposits in Euro) at approximately 10:00 a.m., London time, two Business Days
prior to the commencement of the applicable Interest Period, as the rate for deposits in Euro with
a maturity comparable to such Interest Period or, if for any reason such rate is not available, the
average (rounded upward to the nearest whole multiple of 1/16 of 1% per annum, if such average is
not such a multiple) of the respective rates per annum at which deposits in Euros are offered by
the principal office of Bank of America in London to prime banks in the London interbank market at
11:00 A.M. (London time) two Business Days before the first day of such Interest Period in an
amount substantially equal to the Paying Agent’s (in its capacity as a Lender) Eurocurrency Rate
Loan comprising part of such Revolving Credit Borrowing to be outstanding during such Interest
Period and for a period equal to such Interest Period (subject, however, to the provisions of
Section 3.03).

     “Euro” means the lawful currency of the European Union as constituted by the Treaty of
Rome which established the European Community, as such treaty may be amended from time to time and
as referred to in the EMU legislation.

     “Eurocurrency Rate” means (a) for any Interest Period with respect to any Eurocurrency
Rate Loan denominated in Dollars or any Committed Currency other than Euro:

     (i) the rate per annum equal to the offered rate that appears on the page of
the Telerate screen (or any successor thereto) that displays an average British
Bankers Association Interest Settlement Rate for deposits in Dollars or the
applicable Committed Currency (for delivery on the first day of such Interest
Period) with a term equivalent to such Interest Period, determined as of
approximately 11:00 a.m. (London time) two Business Days prior to the first day of
such Interest Period, or

     (ii) if the rate referenced in the preceding clause (i) does not appear on such
page or service or such page or service shall not be available, the rate per annum
equal to the rate determined by the Paying Agent to be the offered rate on such
other page or other service that displays an average British Bankers Association
Interest Settlement Rate for deposits in Dollars or the applicable Committed
Currency (for delivery on the first day of such Interest Period) with a term
equivalent to such Interest Period, determined as of approximately 11:00 a.m.
(London time) two Business Days prior to the first day of such Interest Period, or

     (iii) if the rates referenced in the preceding clauses (i) and (ii) are not
available, the rate per annum determined by the Paying Agent as the rate of interest
at which deposits in Dollars or the applicable Committed Currency for delivery on
the first day of such Interest Period in same day funds in the approximate amount of
the Eurocurrency Rate Loan being made, continued or converted by Bank of America and
with a term equivalent to such Interest Period would be offered by Bank of America’s

10

 

London Branch to major banks in the London interbank Eurocurrency market at
their request at approximately 4:00 p.m. (London time) two Business Days prior to
the first day of such Interest Period; and

     (b) for any Interest Period with respect to any Eurocurrency Rate Loan denominated in
Euros, the EURIBO Rate

     “Eurocurrency Rate Loan” means a Loan denominated in Dollars or a Committed Currency
that bears interest at a rate based on the Eurocurrency Rate.

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

     “Existing Credit Agreement” has the meaning set forth in the preamble hereto.

     “Existing Letter of Credit” means each letter of credit listed on Schedule
III.

     “Facility Fee” has the meaning specified in Section 2.09(a).

     “Federal Funds Rate” means, for any day, the rate per annum (rounded upward to the
nearest one one-hundredth of one percent (1/100 of 1%)) announced by the Federal Reserve Bank of
New York (or any successor) on such day as being the weighted average of the rates on overnight
federal funds transactions arranged by federal funds brokers on the previous trading day, as
computed and announced by such Federal Reserve Bank (or any successor) in substantially the same
manner as such Federal Reserve Bank computes and announces the weighted average it refers to as the
“Federal Funds Effective Rate” as of the Closing Date.

     “Foreign Lender” has the meaning specified in Section 11.15(a)(i).

     “Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary.

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

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

     “Fund” has the meaning specified in Section 11.07(g).

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

     “Governmental Authority” means any nation or government, any state or other political
subdivision thereof, any agency, authority, instrumentality, regulatory body, court, administrative

11

 

tribunal, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government.

     “Granting Lender” has the meaning specified in Section 11.07(h).

     “Guarantors” means, collectively, the Material Subsidiaries of the Borrower identified
as a “Guarantor” on the signature pages hereto and each other Material Subsidiary of the
Borrower that shall be required to execute and deliver a Joinder Agreement pursuant to Section
7.12.

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

     “Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of
such Person guaranteeing any Indebtedness or other obligation payable or performable by another
Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any
obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds
for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease
property, securities or services for the purpose of assuring the obligee in respect of such
Indebtedness or other obligation of the payment or performance of such Indebtedness or other
obligation, (iii) to maintain working capital, equity capital or any other financial statement
condition or liquidity or level of income or cash flow of the primary obligor so as to enable the
primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose
of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of
the payment or performance thereof or to protect such obligee against loss in respect thereof (in
whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other
obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by
such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain
any such Lien). The amount of any Guarantee shall be deemed to be an amount equal to the stated or
determinable amount of the related primary obligation, or portion thereof, in respect of which such
Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability
in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as
a verb has a corresponding meaning.

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

     “Honor Date” has the meaning specified in Section 2.03(c)(i).

     “ICC” has the meaning specified in Section 2.03(h).

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

     (a) all obligations of such Person for borrowed money and all obligations of such
Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments;

     (b) all direct or contingent obligations of such Person arising under letters of credit
(including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and
similar instruments;

12

 

     (c) net obligations of such Person under any Swap Contract;

     (d) all obligations of such Person to pay the deferred purchase price of property or
services (other than trade accounts payable in the ordinary course of business on customary
terms);

     (e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property
owned or being purchased by such Person (including indebtedness arising under conditional
sales or other title retention agreements), whether or not such indebtedness shall have been
assumed by such Person or is limited in recourse;

     (f) capital leases, Off-Balance Sheet Liabilities and Synthetic Lease Obligations;

     (g) all obligations of such Person to mandatorily purchase, redeem, retire, defease or
otherwise make any payment, in each case in cash, in respect of any Equity Interests in such
Person or any other Person or any warrants, rights or options to acquire such Equity
Interests, valued, in the case of redeemable preferred interests, at the greater of its
voluntary or involuntary liquidation preference plus accrued and unpaid dividends; and

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

     For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any
partnership or joint venture (other than a joint venture that is itself a corporation or limited
liability company) in which such Person is a general partner or a joint venturer, unless such
Indebtedness is expressly made non-recourse to such Person. The amount of any net obligation under
any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such
date. The amount of any capital lease or Synthetic Lease Obligation as of any date shall be deemed
to be the amount of Attributable Indebtedness in respect thereof as of such date.

     “Indemnified Liabilities” has the meaning set forth in Section 11.05.

     “Indemnitees” has the meaning set forth in Section 11.05.

     “Information” has the meaning specified in Section 11.08.

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

     “Interest Period” means, as to each Eurocurrency Rate Loan, the period commencing on
the date such Eurocurrency Rate Loan is disbursed or converted to or continued as a Eurocurrency
Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the
Borrower in its Committed Loan Notice; provided that:

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

13

 

     (b) any Interest Period that begins on the last Business Day of a calendar month (or on
a day for which there is no numerically corresponding day in the calendar month at the end
of such Interest Period) shall end on the last Business Day of the calendar month at the end
of such Interest Period; and

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

     “Investment” means, as to any Person, any direct or indirect acquisition or investment
by such Person, whether by means of (a) the purchase or other acquisition of capital stock or other
securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or
assumption of debt of, or purchase or other acquisition of any other debt or equity participation
or interest in, another Person, including any partnership or joint venture interest in such other
Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions)
of assets of another Person that constitute a business unit or all or a substantial part of the
business of, such Person. For purposes of covenant compliance, the amount of any Investment shall
be the amount actually invested, without adjustment for subsequent increases or decreases in the
value of such Investment.

     “IP Rights” has the meaning set forth in Section 6.17.

     “IRS” means the United States Internal Revenue Service.

     “Joinder Agreement” means a joinder agreement substantially in the form of Exhibit
F executed by a direct or indirect Domestic Subsidiary in accordance with the provisions of
Section 7.12.

     “Joint Venture Limit” means at any time during any fiscal year the aggregate amount
outstanding for such fiscal year identified below:

	 	 	 	 	 
	Fiscal Year Ending December 31, 2005:
	 	$	200,000,000	 
	 
	Fiscal Year Ending December 31, 2006:
	 	$	250,000,000	 
	 
	Fiscal Year Ending December 31, 2007:
	 	$	300,000,000	 
	 
	Fiscal Year Ending December 31, 2008
	 	$	350,000,000	 
	 
	Fiscal Year Ending December 31, 2009
	 	$	450,000,000	 

     “KeyBank” means KeyBank National Association and its successors.

     “KeyBank Fee Letter” means the letter agreement, dated May 25, 2005 among the
Borrower, KeyBank and KeyBanc Capital Markets.

     “Laws” means, collectively, all international, foreign, Federal, state and local
statutes, treaties, rules, regulations, ordinances, codes and administrative or judicial precedents
or authorities, including the interpretation or administration thereof by any Governmental
Authority charged with the enforcement, interpretation or administration thereof.

     “L/C Advance” means, with respect to each Lender, such Lender’s funding of its
participation in any L/C Borrowing in accordance with its Pro Rata Share.

14

 

     “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter
of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit
Borrowing.

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

     “L/C Issuer” means KeyBank in its capacity as issuer of Letters of Credit hereunder,
or any successor issuer of Letters of Credit hereunder. Notwithstanding the foregoing, Wachovia
Bank, National Association shall be the L/C Issuer with respect to the Existing Letters of Credit
identified in Part B of Schedule III.

     “L/C Obligations” means, as at any date of determination, the aggregate undrawn amount
of all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all
L/C Borrowings.

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

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

     “Letter of Credit” means any letter of credit issued hereunder, or deemed to have been
issued hereunder, including, without limitation, all Existing Letters of Credit. A Letter of
Credit may be a commercial letter of credit or a standby letter of credit.

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

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

     “Letter of Credit Sublimit” means an amount equal to $150,000,000. The Letter of
Credit Sublimit is part of, and not in addition to, the Revolving Credit Facility.

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

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

     “Loan Documents” means, collectively, (a) this Agreement, (b) the Notes, (c) the Bank
of America Fee Letter, (d) the KeyBank Fee Letter and (e) each Letter of Credit Application.

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

15

 

     “Material Adverse Effect” means (a) a material adverse change in, or a material
adverse effect upon, the business, assets, liabilities (actual or contingent), operations or
condition (financial or otherwise) of the Borrower and its Subsidiaries taken as a whole; (b) a
material impairment of the rights and remedies of any Agent or any Lender under any Loan Document,
or of the ability of any Loan Party to perform its obligations under any Loan Document to which it
is a party; or (c) a material adverse effect upon the legality, validity, binding effect or
enforceability against any Loan Party of any Loan Document to which it is a party.

     “Material Subsidiary” means each Domestic Subsidiary now existing or hereafter
acquired or formed, and each successor thereto, which, (a) after giving pro forma effect to such
acquisition or formation, or at any other time thereafter, (i) the Borrower and its other
Subsidiaries’ Investments in such Domestic Subsidiary exceeds 2.5% of the total assets of the
Borrower and its Subsidiaries on a consolidated basis, (ii) the Borrower and its other
Subsidiaries’ proportionate share of the total assets (after intercompany eliminations) of such
Domestic Subsidiary exceeds 2.5% of the total assets of the Borrower and its Subsidiaries on a
consolidated basis, or (iii) the Borrower and its other Subsidiaries’ equity in the income from
continuing operations before income taxes, extraordinary items and cumulative effect of a change in
accounting principle of such Domestic Subsidiary exceeds 2.5% of the income of the Borrower and its
Subsidiaries on a consolidated basis, or (b) together with any other Domestic Subsidiaries that
have not provided a Guaranty hereunder, after giving pro forma effect to such acquisition or
formation, or at any other time thereafter, (i) the Borrower and its other Subsidiaries’
Investments in such Domestic Subsidiaries exceeds 10% of the total assets of the Borrower and its
Subsidiaries on a consolidated basis, (ii) the Borrower and its other Subsidiaries’ proportionate
share of the total assets (after intercompany eliminations) of such Domestic Subsidiaries exceeds
10% of the total assets of the Borrower and its Subsidiaries on a consolidated basis, or (iii) the
Borrower and its other Subsidiaries’ equity in the income from continuing operations before income
taxes, extraordinary items and cumulative effect of a change in accounting principle of such
Domestic Subsidiaries exceeds 10% of the income of the Borrower and its Subsidiaries on a
consolidated basis, in each case, as of the last day of the most recently completed fiscal quarter
of the Borrower with respect to which, pursuant to clauses (a) or (b) of Section 7.01,
financial statements have been, or are required to have been, delivered by the Borrower, and in any
event includes all of the Domestic Subsidiaries listed on Schedule II.

     “Maturity Date” means the earlier of (i) June 30, 2010 and (ii) the date of
termination in whole of the Commitments, the Letter of Credit Sublimit, and the Swing Line Sublimit
pursuant to Section 2.06 or 9.02(b).

     “Maximum Rate” has the meaning specified in Section 11.10.

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

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

     “Net Cash Proceeds” means:

     (a) with respect to the sale of any asset by any Loan Party or any of its Subsidiaries, the
excess, if any, of (i) the sum of cash and Cash Equivalents received in connection with such sale
(including any cash or Cash Equivalents received by way of deferred payment pursuant to, or by
monetization of, a note receivable or otherwise, but only as and when so received) over (ii) the
sum of (A) the principal amount of any Indebtedness that is secured by such asset and that is
required to be repaid in

16

 

connection with the sale thereof (other than Indebtedness under the Loan Documents), (B)
out-of-pocket expenses, brokerage commissions and other direct fees and expenses (including legal
expenses and the expenses of any financial advisor) incurred by such Loan Party or such Subsidiary
in connection with such sale and (C) income, franchise, transfer or other taxes paid in connection
with the relevant asset sale as a result of the sale or any gain recognized in connection
therewith; and

     (b) with respect to the incurrence or issuance of any Indebtedness by the Borrower or any of
its Subsidiaries, the excess of (i) the sum of the cash and Cash Equivalents received in connection
with such incurrence or issuance over (ii) the underwriting discounts and commissions, and other
out-of-pocket expenses, incurred by the Borrower in connection with such incurrence or issuance.

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

     “Nonrenewal Notice Date” has the meaning specified in Section 2.03(b)(iii).

     “Note” means a Revolving Credit Note.

     “NPL” means the National Priorities List under CERCLA.

     “Obligations” means all advances to, and debts, liabilities, obligations, covenants
and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan
or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute
or contingent, due or to become due, now existing or hereafter arising and including interest and
fees that accrue after the commencement by or against any Loan Party of any proceeding under any
Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such
interest and fees are allowed claims in such proceeding. Without limiting the generality of the
foregoing, the Obligations of the Loan Parties under the Loan Documents include (a) the obligation
to pay principal, interest, Letter of Credit commissions, charges, expenses, fees, attorneys’ fees
and disbursements, indemnities and other amounts payable by any Loan Party under any Loan Document
and (b) the obligation of any Loan Party to reimburse any amount in respect of any of the foregoing
that any Lender, in its sole discretion, may elect to pay or advance on behalf of such Loan Party.

     “Off-Balance Sheet Liabilities” means, with respect to any Person as of any date of
determination thereof, without duplication and to the extent not included as a liability on the
consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP: (a) with
respect to any asset securitization transaction (including any accounts receivable purchase
facility) (i) the unrecovered investment of purchasers or transferees of assets so transferred and
(ii) any other payment, recourse, repurchase, hold harmless, indemnity or similar obligation of
such Person or any of its Subsidiaries in respect of assets transferred or payments made in respect
thereof, other than limited recourse provisions that are customary for transactions of such type
and that neither (x) have the effect of limiting the loss or credit risk of such purchasers or
transferees with respect to payment or performance by the obligors of the assets so transferred nor
(y) impair the characterization of the transaction as a true sale under applicable Laws (including
Debtor Relief Laws); (b) the monetary obligations under any sale and leaseback transaction which
does not create a liability on the consolidated balance sheet of such Person and its Subsidiaries;
or (c) any other monetary obligation arising with respect to any other transaction which is
characterized as indebtedness for tax purposes but not for accounting purposes in accordance with
GAAP.

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

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trust or other form of business entity, the partnership, joint venture or other applicable
agreement of formation or organization and any agreement, instrument, filing or notice with respect
thereto filed in connection with its formation or organization with the applicable Governmental
Authority in the jurisdiction of its formation or organization and, if applicable, any certificate
or articles of formation or organization of such entity.

     “Other Taxes” has the meaning specified in Section 3.01(b).

     “Outstanding Amount” means (i) with respect to Revolving Credit Loans and Swing Line
Loans on any date, the aggregate outstanding principal amount thereof (based on the Equivalent in
Dollars at such time) after giving effect to any borrowings and prepayments or repayments of
Revolving Credit Loans and Swing Line Loans, as the case may be, occurring on such date; and (ii)
with respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date
after giving effect to any L/C Credit Extension occurring on such date and any other changes in the
aggregate amount of the L/C Obligations as of such date, including as a result of any
reimbursements of outstanding unpaid drawings under any Letters of Credit or any reductions in the
maximum amount available for drawing under Letters of Credit taking effect on such date.

     “Participant” has the meaning specified in Section 11.07(d).

     “Paying Agent” means KeyBank in its capacity as a paying agent under any of the Loan
Documents, or any successor paying agent.

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

     “Payment Office” means, for any Committed Currency, such office of KeyBank as shall be
from time to time selected by the Paying Agent and notified by the Paying Agent to the Borrower and
the Lenders.

     “PBGC” means the Pension Benefit Guaranty Corporation.

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

     “Permitted Acquisition” means any purchase or other acquisition of all of the Equity
Interests in, or all or substantially all of the property and assets of, any Person permitted by
Section 8.02(i).

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

     “Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of
ERISA) established by the Borrower or, with respect to any such plan that is subject to Section 412
of the Code or Title IV of ERISA, any ERISA Affiliate.

     “Primary Currency” has the meaning specified in Section 11.17(c).

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     “Prime Rate” means the interest rate established from time to time by the Paying Agent
as the Paying Agent’s prime rate, whether or not such rate is publicly announced. The Prime Rate
may not be the lowest interest rate charged by the Paying Agent for commercial or other extensions
of credit. Each change in the Prime Rate shall be effective immediately from and after such
change.

     “Pro Forma Basis” means, for purposes of calculating the Consolidated Leverage Ratio
(including for purposes of determining the Applicable Rate), that any Disposition of a Sold
Business or Acquisition shall be deemed to have occurred as of the first day of the most recent
four fiscal quarter period preceding the date of such transaction for which the Borrower has
delivered financial statements pursuant to Section 7.01(a) or (b). In connection
with the foregoing, (a) with respect to any Disposition of a Sold Business, income statement and
cash flow statement items (whether positive or negative) attributable to the property disposed of
shall be excluded to the extent relating to any period occurring prior to the date of such
transaction and (b) with respect to any Acquisition income statement items (whether positive or
negative) attributable to the Person or property acquired shall be included to the extent relating
to any period applicable in such calculations to the extent (i) such items are not otherwise
included in such income statement items for the Borrower and its Subsidiaries in accordance with
GAAP or in accordance with any defined terms set forth in Section 1.01 and (ii) such items
are supported by audited financial statements, if available, or such other information reasonably
satisfactory to the Co-Administrative Agents.

     “Pro Rata Share” means, with respect to each Lender at any time, a fraction (expressed
as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of
the Commitment of such Lender at such time and the denominator of which is the amount of the
Aggregate Commitments at such time; provided that if the commitment of each Lender to make Loans
and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to
Section 9.02, then the Pro Rata Share of each Lender shall be determined based on the Pro
Rata Share of such Lender immediately prior to such termination and after giving effect to any
subsequent assignments made pursuant to the terms hereof. The initial Pro Rata Share of each
Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment
and Assumption pursuant to which such Lender becomes a party hereto, as applicable.

     “Receivables Facility” has the meaning set forth in Section 8.05(g).

     “Receivables Subsidiary” has the meaning set forth in Section 7.12.

     “Register” has the meaning set forth in Section 11.07(c).

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

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

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

19

 

portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be
excluded for purposes of making a determination of Required Lenders.

     “Responsible Officer” means the chief executive officer, president, chief financial
officer, vice president, corporate controller, treasurer, or assistant treasurer of a Loan Party
and, with respect to certificates to be delivered pursuant to Sections 5.01 and
5.02, notices to be delivered pursuant to Section 7.03 and the requirements of
Section 9.01, the general counsel or the secretary of the Borrower. Any document delivered
hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to
have been authorized by all necessary corporate, partnership and/or other action on the part of
such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf
of such Loan Party.

     “Restricted Payment” means any payment (whether in cash, securities or other
property), including any sinking fund or similar deposit, on account of the purchase, redemption,
retirement, defeasance, acquisition, cancellation or termination of any capital stock or other
Equity Interest of the Borrower or any Subsidiary, or on account of any return of capital to the
Borrower’s stockholders, partners or members (or the equivalent Persons thereof). The definition
of “Restricted Payment” shall not include any dividend or other distribution (whether in
cash, securities or other property) with regard to any capital stock or other Equity Interest of
the Borrower or any Subsidiary.

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

     “Revolving Credit Borrowing Minimum” means, in respect of Revolving Credit Loans
denominated in Dollars, $5,000,000, and in respect of any Revolving Credit Loans denominated in any
Committed Currency, the Equivalent of $5,000,000.

     “Revolving Credit Borrowing Multiple” means, in respect of Revolving Credit Loans
denominated in Dollars, $1,000,000, and in respect of Revolving Credit Loans denominated in any
Committed Currency, the Equivalent of $1,000,000.

     “Revolving Credit Facility” means, at any time, the aggregate amount of the Lenders’
Commitments at such time.

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

     “Revolving Credit Note” means a promissory note of the Borrower payable to the order
of any Lender, in substantially the form of Exhibit C hereto, evidencing the aggregate indebtedness
of the Borrower to such Lender resulting from the Revolving Credit Loans made by such Lender.

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

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

     “Shareholders’ Equity” means, as of any date of determination, consolidated
shareholders’ equity of the Borrower and its Subsidiaries as of that date determined in accordance
with GAAP.

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     “Sold Business” means any material Person, property, business or asset sold,
transferred or otherwise disposed of by the Borrower or any Subsidiary, other than in the ordinary
course of business.

     “Solvent” and “Solvency” mean, with respect to any Person, and its
Subsidiaries on a consolidated basis, on any date of determination, that on such date (a) the fair
value of the property of such Person, and its Subsidiaries on a consolidated basis, is greater than
the total amount of liabilities, including, without limitation, contingent liabilities, of such
Person, and its Subsidiaries on a consolidated basis, (b) the present fair salable value of the
assets of such Person, and its Subsidiaries on a consolidated basis, is not less than the amount
that will be required to pay the probable liability of such Person, and its Subsidiaries on a
consolidated basis, on its debts as they become absolute and matured, (c) such Person, and its
Subsidiaries on a consolidated basis, does not intend to, and does not believe that it will, incur
debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature
and (d) such Person, and its Subsidiaries on a consolidated basis, is not engaged in business or a
transaction, and is not about to engage in business or a transaction, for which the property of
such Person, and its Subsidiaries on a consolidated basis, would constitute an unreasonably small
capital. The amount of contingent liabilities at any time shall be computed as the amount that, in
the light of all the facts and circumstances existing at such time, represents the amount that can
reasonably be expected to become an actual or matured liability.

     “SPC” has the meaning specified in Section 11.07(h).

     “Subsidiary” of a Person means a corporation, partnership, joint venture, limited
liability company or other business entity of which a majority of the shares of securities or other
interests having ordinary voting power for the election of directors or other governing body (other
than securities or interests having such power only by reason of the happening of a contingency)
are at the time beneficially owned, or the management of which is otherwise controlled, directly,
or indirectly through one or more intermediaries, or both, by such Person. Notwithstanding the
foregoing, PEL Technologies LLC shall not be considered a Subsidiary of the Borrower for purposes
of this Agreement. Unless otherwise specified, all references herein to a “Subsidiary” or to
“Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower.

     “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward
commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest
rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap transactions, currency options,
spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement, and (b) any and all transactions of any kind, and
the related confirmations, which are subject to the terms and conditions of, or governed by, any
form of master agreement published by the International Swaps and Derivatives Association, Inc.,
any International Foreign Exchange Master Agreement, or any other master agreement (any such master
agreement, together with any related schedules, a “Master Agreement”), including any such
obligations or liabilities under any Master Agreement.

     “Swap Termination Value” means, in respect of any one or more Swap Contracts, after
taking into account the effect of any legally enforceable netting agreement relating to such Swap
Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and
termination value(s) determined in accordance therewith, such termination value(s), and (b) for any
date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market
value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily
available quotations

21

 

provided by any recognized dealer in such Swap Contracts (which may include a Lender or any
Affiliate of a Lender).

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

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

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

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

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

     “Swing Line Sublimit” means an amount equal to the lesser of (a) $25,000,000 and (b)
the Commitments. The Swing Line Sublimit is part of, and not in addition to, the Revolving Credit
Facility.

     “Syndication Agents” means JPMorgan Chase Bank and Wachovia Bank, National Association
in their capacity as co-syndication agents under any of the Loan Documents, or any successor
thereto.

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

     “Taxes” has the meaning specified in Section 3.01(a).

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

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

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

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

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

1.02 Other Interpretive Provisions.

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

     (a) The meanings of defined terms are equally applicable to the singular and plural
forms of the defined terms.

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     (b) (i) The words “herein,” “hereto,” “hereof” and “hereunder” and words of similar
import when used in any Loan Document shall refer to such Loan Document as a whole and not
to any particular provision thereof.

     (ii) Article, Section, Exhibit and Schedule references are to the Loan Document
in which such reference appears.

     (iii) The term “including” is by way of example and not limitation.

     (iv) The term “documents” includes any and all instruments, documents,
agreements, certificates, notices, reports, financial statements and other writings,
however evidenced, whether in physical or electronic form.

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

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

1.03 Accounting Terms.

     (a) All accounting terms not specifically or completely defined herein shall be construed in
conformity with, and all financial data (including financial ratios and other financial
calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity
with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner
consistent with that used in preparing the Audited Financial Statements, except as otherwise
specifically prescribed herein.

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

1.04 Rounding.

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

1.05 References to Agreements and Laws.

     Unless otherwise expressly provided herein, (a) references to Organization Documents,
agreements (including the Loan Documents) and other contractual instruments shall be deemed to
include

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all subsequent amendments, restatements, extensions, supplements and other modifications
thereto, but only to the extent that such amendments, restatements, extensions, supplements and
other modifications are not prohibited by any Loan Document; and (b) references to any Law shall
include all statutory and regulatory provisions consolidating, amending, replacing, supplementing
or interpreting such Law.

1.06 Times of Day.

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

1.07 Letter of Credit Amounts.

     Unless otherwise specified, all references herein to the amount of a Letter of Credit at any
time shall be deemed to mean the maximum face amount of such Letter of Credit at such time after
giving effect to all increases thereof contemplated by such Letter of Credit or the Letter of
Credit Application therefor, whether or not such maximum face amount is in effect at such time.

1.08 Currency Equivalents Generally.

     Any amount specified in this Agreement (other than in Articles II, X and XI) or any of the
other Loan Documents to be in Dollars shall also include the equivalent of such amount in any
currency other than Dollars, such equivalent amount to be determined at the rate of exchange quoted
by KeyBank in Cleveland, Ohio at the close of business on the Business Day immediately preceding
any date of determination thereof, to prime banks in New York, New York for the spot purchase in
the New York foreign exchange market of such amount in Dollars with such other currency.

ARTICLE II

THE COMMITMENTS AND CREDIT EXTENSIONS

2.01 The Loans.

     Subject to the terms and conditions set forth herein, each Lender severally agrees to make
loans (each such loan, a “Revolving Credit Loan”) to the Borrower from time to time, on any
Business Day during the Availability Period, in an aggregate amount (based in respect of any
Revolving Credit Loans to be denominated in a Committed Currency by reference to the Equivalent
thereof in Dollars determined on the date of delivery of the applicable Committed Loan Notice) not
to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that
after giving effect to any Revolving Credit Borrowing, (i) the Total Outstandings shall not exceed
the Aggregate Commitments, (ii) the aggregate Outstanding Amount of all Revolving Credit Loans
denominated in a Committed Currency shall not exceed the Committed Currency Sublimit, and (iii) the
aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such Lender’s Pro
Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of
the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment. Within
the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the
Borrower may borrow under this Section 2.01, prepay under Section 2.05, and
reborrow under this Section 2.01. Revolving Credit Loans may be Base Rate Loans or
Eurocurrency Rate Loans, as further provided herein.

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2.02 Borrowings, Conversions and Continuations of Loans.

     (a) Each Revolving Credit Borrowing, each conversion of Revolving Credit Loans from one Type
to the other, and each continuation of Eurocurrency Rate Loans shall be made upon the Borrower’s
irrevocable notice to the Paying Agent, which may be given by telephone. Each such notice must be
received by the Paying Agent not later than (i) 11:00 a.m. three Business Days prior to the
requested date of any Borrowing of, conversion to or continuation of Eurocurrency Rate Loans
denominated in Dollars or of any conversion of Eurocurrency Rate Loans denominated in Dollars to
Base Rate Loans denominated in Dollars, (ii) 4:00 p.m. three Business Days prior to the requested
date of any Revolving Credit Borrowing consisting of Eurocurrency Rate Loans denominated in any
Committed Currency, and (iii) 11:00 a.m. on the requested date of any Borrowing of Base Rate Loans.
Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed
promptly by delivery to the Paying Agent of a written Committed Loan Notice, appropriately
completed and signed by a Responsible Officer of the Borrower. Each Borrowing of, conversion to or
continuation of Eurocurrency Rate Loans shall be in a principal amount of not less than the
Revolving Credit Borrowing Minimum or the Revolving Credit Borrowing Multiple in excess thereof.
Except as provided in Sections 2.03(c) and 2.04(c), each Borrowing of or conversion
to Base Rate Loans shall be in a principal amount of not less than the Revolving Credit Borrowing
Minimum or the Revolving Credit Borrowing Multiple in excess thereof. Each Committed Loan Notice
(whether telephonic or written) shall specify (i) whether the Borrower is requesting a Revolving
Credit Borrowing, a conversion of Revolving Credit Loans from one Type to the other, or a
continuation of Eurocurrency Rate Loans, (ii) the requested date of the Borrowing, conversion or
continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of
Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which
existing Revolving Credit Loans are to be converted, (v) if such Borrowing is a Revolving Credit
Borrowing, the currency of such Borrowing, which shall be Dollars or a Committed Currency and (vi)
if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to
specify a Type of Loan in a Committed Loan Notice or if the Borrower fails to give a timely notice
requesting a conversion or continuation, then the applicable Revolving Credit Loans shall be made
as, or converted to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be
effective as of the last day of the Interest Period then in effect with respect to the applicable
Eurocurrency Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation
of Eurocurrency Rate Loans in any such Committed Loan Notice, but fails to specify an Interest
Period, it will be deemed to have specified an Interest Period of one month.

     (b) Following receipt of a Committed Loan Notice, the Paying Agent shall promptly notify each
Lender of the amount of its Pro Rata Share of the applicable Revolving Credit Loans, and if no
timely notice of a conversion or continuation is provided by the Borrower, the Paying Agent shall
notify each Lender of the details of any automatic conversion to Base Rate Loans described in
Section 2.02(a). In the case of a Revolving Credit Borrowing, each Appropriate Lender
shall make the amount of its Loan available to the Paying Agent in immediately available funds at
the Paying Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable
Committed Loan Notice, in the case of a Revolving Credit Borrowing consisting of Loans denominated
in Dollars, and before 5:00 p.m. on the date of such Revolving Credit Borrowing, in the case of a
Revolving Credit Borrowing consisting of Eurocurrency Rate Loans denominated in any Committed
Currency. Upon satisfaction of the applicable conditions set forth in Section 5.02 (and,
if such Borrowing is the initial Credit Extension, Section 5.01), the Paying Agent shall
make all funds so received available to the Borrower in like funds as received by the Paying Agent
either by (i) crediting the account of the Borrower on the books of KeyBank with the amount of such
funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to
the Paying Agent by the Borrower; provided, however, that if, on the date the
Committed Loan Notice with respect to such Borrowing is given by the Borrower, there are Swing Line
Loans or L/C Borrowings outstanding, then the proceeds of such Borrowing shall be applied,
first, to the payment in

25

 

full of any such L/C Borrowings, second, to the payment in full of any such Swing Line
Loans, and third, to the Borrower as provided above.

     (c) Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or
converted only on the last day of an Interest Period for such Eurocurrency Rate Loan. During the
existence of a Default or Event of Default, no Loans may be requested as, converted to or continued
as Eurocurrency Rate Loans without the consent of the Required Lenders.

     (d) The Paying Agent shall promptly notify the Borrower and the Lenders of the interest rate
applicable to any Interest Period for Eurocurrency Rate Loans upon determination of such interest
rate. The determination of the Eurocurrency Rate by the Paying Agent shall be conclusive in the
absence of manifest error. At any time that Base Rate Loans are outstanding, the Paying Agent
shall notify the Borrower and the Lenders of any change in KeyBank’s prime rate used in determining
the Base Rate promptly following the public announcement of such change.

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

     (f) The failure of any Lender to make the Loan to be made by it as part of any Borrowing shall
not relieve any other Lender of its obligation, if any, hereunder to make its Loan on the date of
such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the
Loan to be made by such other Lender on the date of any Borrowing.

     (g) The Borrower may at any time and from time to time, upon prior written notice by the
Borrower to the Co-Administrative Agents, increase the Aggregate Commitments (but not the Committed
L/C Currency Sublimit and Committed Currency Sublimit) by up to $100,000,000 with additional
Commitments from any existing Lender or new Commitments from any other Person selected by the
Borrower and approved by the Co-Administrative Agents (such approval not to be unreasonably
withheld); provided that:

     (i) any such increase shall be in a minimum principal amount of $10,000,000 and in
integral multiples of $5,000,000 in excess thereof;

     (ii) no Default or Event of Default shall exist and be continuing at the time of any
such increase;

     (iii) no existing Lender shall be under any obligation to increase its Commitment and
any such decision whether to increase its Commitment shall be in such Lender’s sole and
absolute discretion;

     (iv) any new Lender shall join this Agreement by executing such joinder documents
required by the Co-Administrative Agents; and

     (v) as a condition precedent to such increase, the Borrower shall deliver to the
Co-Administrative Agents a certificate of each Loan Party dated as of the date of such
increase signed by a Responsible Officer of such Loan Party (A) certifying and attaching the
resolutions adopted by such Loan Party approving or consenting to such increase, and (B) in
the case of the Borrower, certifying that, before and after giving effect to such increase,
(1) the representations and warranties contained in Article VI and the other Loan
Documents are true and correct in all material respects on and as of the date of such
increase, except to the extent that such

26

 

representations and warranties specifically refer to an earlier date, in which case
they are true and correct as of such earlier date, and except that for purposes of this
Section 2.02(g), the representations and warranties contained in subsections (a) and
(b) of Section 6.05 shall be deemed to refer to the most recent statements furnished
pursuant to clauses (a) and (b), respectively, of Section 7.01, and (2) no Default
or Event of Default exists.

     The Borrower shall prepay any Loans owing by it and outstanding on the date of any such
increase (and pay any additional amounts required pursuant to Section 3.05) to the extent
necessary to keep the outstanding Loans ratable with any revised Commitments arising from any
nonratable increase in the Commitments under this Section. In connection with any such increase in
the Aggregate Commitments, Schedule 2.01 shall be revised by the Co-Administrative Agents
to reflect the new Commitments and distributed to the Lenders.

2.03 Letters of Credit.

     (a) The Letter of Credit Commitment.

     (i) On the Closing Date, each Existing Letter of Credit shall be deemed to have been
issued hereunder by the L/C Issuer. Subject to the terms and conditions set forth herein,
(A) the L/C Issuer agrees, in reliance upon the agreements of the other Lenders set forth in
this Section 2.03, (1) from time to time on any Business Day during the period from
the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit for
the account of the Borrower or any Subsidiary in Dollars or any Committed Currency, and to
amend or renew Letters of Credit previously issued by it, in accordance with Section
2.03(b), and (2) to honor drafts under the Letters of Credit; and (B) the Lenders
severally agree to participate in Letters of Credit issued (or deemed to have been issued)
for the account of the Borrower or any Subsidiary; provided that the L/C Issuer
shall not make any L/C Credit Extension with respect to any Letter of Credit, and no Lender
shall be obligated to participate in any Letter of Credit if as of the date of such L/C
Credit Extension, (w) the Total Outstandings would exceed the Aggregate Commitments, (x) the
aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Pro Rata
Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata
Share of the Outstanding Amount of all Swing Line Loans would exceed such Lender’s
Commitment, (y) the Outstanding Amount of the L/C Obligations would exceed the Letter of
Credit Sublimit and (z) the Outstanding Amount of all L/C Obligations denominated in a
Committed Currency would exceed the Committed L/C Currency Sublimit. Within the foregoing
limits, and subject to the terms and conditions hereof, the Borrower’s ability to obtain
Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the
foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or
that have been drawn upon and reimbursed.

     (ii) The L/C Issuer shall not be under any obligation to issue any Letter of Credit if:

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

27

 

loss, cost or expense which was not applicable on the Closing Date and which
the L/C Issuer in good faith deems material to it;

     (B) subject to Section 2.03(b)(iii), the expiry date of such requested
Letter of Credit would occur more than twelve months after the date of issuance or
last renewal, unless the Required Lenders have approved such expiry date;

     (C) the expiry date of such requested Letter of Credit would occur after the
Letter of Credit Expiration Date, unless all the Lenders have approved such expiry
date;

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

     (E) such Letter of Credit is in an initial amount less than $100,000, in the
case of a commercial Letter of Credit, or $500,000, in the case of a standby Letter
of Credit, or is to be denominated in a currency other than Dollars or a Committed
Currency.

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

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

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

     (ii) Promptly after receipt of any Letter of Credit Application, the L/C Issuer will
confirm with the Paying Agent (by telephone or in writing) that the Paying Agent has
received a copy of such Letter of Credit Application from the Borrower and, if not, the L/C
Issuer will provide the Paying Agent with a copy thereof. Upon receipt by the L/C Issuer of
confirmation

28

 

from the Paying Agent that the requested issuance or amendment is permitted in
accordance with the terms hereof, then, subject to the terms and conditions hereof, the L/C
Issuer shall, on the requested date, issue a Letter of Credit for the account of the
Borrower or enter into the applicable amendment, as the case may be, in each case in
accordance with the L/C Issuer’s usual and customary business practices. Immediately upon
the issuance (or deemed issuance) of each Letter of Credit, each Lender shall be deemed to,
and hereby irrevocably and unconditionally agrees to, purchase from the L/C Issuer a risk
participation in such Letter of Credit in an amount equal to the product of such Lender’s
Pro Rata Share times the amount of such Letter of Credit.

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

     (iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter
of Credit to an advising bank with respect thereto or to the beneficiary thereof, the L/C
Issuer will also deliver to the Borrower and the Paying Agent a true and complete copy of
such Letter of Credit or amendment.

     (c) Drawings and Reimbursements; Funding of Participations.

     (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a
drawing under such Letter of Credit, the L/C Issuer shall notify the Borrower and the Paying
Agent thereof. Not later than 12:00 noon on the date of any payment by the L/C Issuer under
a Letter of Credit (each such date, an “Honor Date”), the Borrower shall reimburse the L/C
Issuer through the Paying Agent in an amount equal to the amount of such drawing. If the
Borrower fails to so reimburse the L/C Issuer by such time, the Paying Agent shall promptly
notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the
“Unreimbursed Amount”), and the Equivalent amount of such Lender’s Pro Rata Share
thereof. In such event, the Borrower shall be deemed to have requested a Revolving Credit
Borrowing in Dollars of Base Rate Loans to be disbursed on the Honor Date in an Equivalent
amount equal to the Unreimbursed Amount, without regard to the minimum and multiples
specified in Section 2.02 for the principal amount of Base Rate Loans, but subject
to the amount of the unutilized portion of the Commitments and the conditions set forth in
Section 5.02 (other than the delivery of a Committed Loan Notice). Any notice given
by the L/C Issuer or the Paying Agent pursuant to this Section 2.03(c)(i) may be
given by telephone if immediately confirmed in writing; provided

29

 

that the lack of such an immediate confirmation shall not affect the conclusiveness or
binding effect of such notice.

     (ii) Each Lender (including any Lender acting as the L/C Issuer) shall upon any notice
pursuant to Section 2.03(c)(i) make funds available to the Paying Agent for the
account of the L/C Issuer at the Paying Agent’s Office in an Equivalent amount equal to its
Pro Rata Share of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day
specified in such notice by the Paying Agent, whereupon, subject to the provisions of
Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to
have made a Base Rate Loan in Dollars to the Borrower in such amount. The Paying Agent
shall remit the funds so received to the L/C Issuer.

     (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a
Revolving Credit Borrowing of Base Rate Loans because the conditions set forth in
Section 5.02 cannot be satisfied or for any other reason, the Borrower shall be
deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the
Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable
on demand (together with interest) and shall bear interest at the Default Rate. In such
event, each Lender’s payment to the Paying Agent for the account of the L/C Issuer pursuant
to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in
such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of
its participation obligation under this Section 2.03.

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

     (v) Each Lender’s obligation to make Revolving Credit Loans or L/C Advances to
reimburse the L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this
Section 2.03(c), shall be absolute and unconditional and shall not be affected by
any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right
which such Lender may have against the L/C Issuer, the Borrower or any other Person for any
reason whatsoever; (B) the occurrence or continuance of a Default or an Event of Default, or
(C) any other occurrence, event or condition, whether or not similar to any of the
foregoing; provided, however, that each Lender’s obligation to make Revolving Credit Loans
pursuant to this Section 2.03(c) is subject to the conditions set forth in
Section 5.02 (other than delivery by the Borrower of a Committed Loan Notice). No
such making of an L/C Advance shall relieve or otherwise impair the obligation of the
Borrower to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer
under any Letter of Credit, together with interest as provided herein.

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

     (d) Repayment of Participations.

30

 

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

     (ii) If any payment received by the Paying Agent for the account of the L/C Issuer
pursuant to Section 2.03(c)(i) is required to be returned under any of the
circumstances described in Section 11.06 (including pursuant to any settlement
entered into by the L/C Issuer in its discretion), each Lender shall pay to the Paying Agent
for the account of the L/C Issuer its Pro Rata Share thereof on demand of the Paying Agent,
plus interest thereon from the date of such demand to the date such amount is returned by
such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in
effect.

     (e) Obligations Absolute. The obligation of the Borrower to reimburse the L/C Issuer
for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute,
unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this
Agreement under all circumstances, including the following:

     (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or
any other agreement or instrument relating thereto;

     (ii) the existence of any claim, counterclaim, setoff, defense or other right that the
Borrower may have at any time against any beneficiary or any transferee of such Letter of
Credit (or any Person for whom any such beneficiary or any such transferee may be acting),
the L/C Issuer or any other Person, whether in connection with this Agreement, the
transactions contemplated hereby or by such Letter of Credit or any agreement or instrument
relating thereto, or any unrelated transaction;

     (iii) any draft, demand, certificate or other document presented under such Letter of
Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any
statement therein being untrue or inaccurate in any respect; or any loss or delay in the
transmission or otherwise of any document required in order to make a drawing under such
Letter of Credit;

     (iv) any payment by the L/C Issuer under such Letter of Credit against presentation of
a draft or certificate that does not strictly comply with the terms of such Letter of
Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person
purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of
creditors, liquidator, receiver or other representative of or successor to any beneficiary
or any transferee of such Letter of Credit, including any arising in connection with any
proceeding under any Debtor Relief Law;

     (v) any exchange, release or nonperfection of any collateral, or any release or
amendment or waiver of or consent to departure from the Guaranty or any other guarantee, for
all or any of the L/C Obligations of the Borrower in respect of such Letter of Credit; or

31

 

     (vi) any other circumstance or happening whatsoever, whether or not similar to any of
the foregoing, including any other circumstance that might otherwise constitute a defense
available to, or a discharge of, the Borrower.

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

     (f) Role of the L/C Issuer. Each Lender and the Borrower agree that, in paying any
drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any
document (other than any sight draft, certificates and documents expressly required by the Letter
of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the
authority of the Person executing or delivering any such document. None of the L/C Issuer, any
Agent-Related Person nor any of the respective correspondents, participants or assignees of the L/C
Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at
the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any
action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due
execution, effectiveness, validity or enforceability of any document or instrument related to any
Letter of Credit or Letter of Credit Application. The Borrower hereby assumes all risks of the
acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit;
provided, however, that this assumption is not intended to, and shall not, preclude the Borrower’s
pursuing such rights and remedies as it may have against the beneficiary or transferee at law or
under any other agreement. None of the L/C Issuer, any Agent-Related Person, nor any of the
respective correspondents, participants or assignees of the L/C Issuer, shall be liable or
responsible for any of the matters described in clauses (i) through (v) of Section 2.03(e);
provided, however, that anything in such clauses to the contrary notwithstanding, the Borrower may
have a claim against the L/C Issuer, and the L/C Issuer may be liable to the Borrower, to the
extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages
suffered by the Borrower which the Borrower proves were caused by the L/C Issuer’s willful
misconduct or gross negligence or the L/C Issuer’s willful failure to pay under any Letter of
Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly
complying with the terms and conditions of a Letter of Credit. In furtherance and not in
limitation of the foregoing, the L/C Issuer may accept documents that appear on their face to be in
order, without responsibility for further investigation, regardless of any notice or information to
the contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any
instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the
rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be
invalid or ineffective for any reason.

     (g) Cash Collateral. Upon the request of the Paying Agent, (i) if the L/C Issuer has
honored any full or partial drawing request under any Letter of Credit and such drawing has
resulted in an L/C Borrowing, or (ii) if, as of the Letter of Credit Expiration Date, any Letter of
Credit may for any reason remain outstanding and partially or wholly undrawn, the Borrower shall
immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations (in an amount
equal to such Outstanding Amount determined as of the date of such L/C Borrowing or the Letter of
Credit Expiration Date, as the case may be). For purposes hereof, “Cash Collateralize” means to
pledge and deposit with or deliver to the Paying Agent, for the benefit of the L/C Issuer and the
Lenders, as collateral for the L/C Obligations, cash or deposit account balances pursuant to
documentation in form and substance satisfactory to the Paying Agent and the L/C Issuer (which
documents are hereby consented to by the Lenders). Derivatives of such term have corresponding
meanings. The Borrower hereby grants to the Paying Agent, for the benefit of the L/C Issuer and
the Lenders, a security interest in all such cash, deposit accounts and all balances therein and
all proceeds of the foregoing. Cash collateral shall be maintained in blocked, non-interest

32

 

bearing deposit accounts at KeyBank. If at any time the Paying Agent determines that any
funds held as Cash Collateral are subject to any right or claim of any Person other than the Paying
Agent or that the total amount of such funds is less than the aggregate Outstanding Amount of all
L/C Obligations, the Borrower will, forthwith upon demand by the Paying Agent, pay to the Paying
Agent, as additional funds to be deposited and held in the deposit accounts at KeyBank as
aforesaid, an amount equal to the excess of (a) such aggregate Outstanding Amount over (b) the
total amount of funds, if any, then held as Cash Collateral that the Paying Agent determines to be
free and clear of any such right and claim. Upon the drawing of any Letter of Credit for which
funds are on deposit as Cash Collateral, such funds shall be applied, to the extent permitted under
applicable law, to reimburse the L/C Issuer.

     (h) Applicability of ISP98 and UCP. Unless otherwise expressly agreed by the L/C
Issuer and the Borrower when a Letter of Credit is issued (or deemed issued), (i) the rules of the
“International Standby Practices 1998” published by the Institute of International Banking
Law & Practice (or such later version thereof as may be in effect at the time of issuance) shall
apply to each standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for
Documentary Credits, as most recently published by the International Chamber of Commerce (the
“ICC”) at the time of issuance (or deemed issuance) (including the ICC decision published by the
Commission on Banking Technique and Practice on April 6, 1998 regarding the European single
currency (Euro)) shall apply to each commercial Letter of Credit.

     (i) Letter of Credit Fees. The Borrower shall pay to the Paying Agent for the account
of each Lender in accordance with its Pro Rata Share a Letter of Credit fee for each Letter of
Credit equal to the Applicable Rate times the daily maximum amount available to be drawn under such
Letter of Credit (whether or not such maximum amount is then in effect under such Letter of
Credit). Such letter of credit fees shall be computed on a quarterly basis in arrears. Such
letter of credit fees shall be due and payable on the first Business Day after the end of each
March, June, September and December, commencing with the first such date to occur after the
issuance (or deemed issuance) of such Letter of Credit, on the Letter of Credit Expiration Date and
thereafter on demand. If there is any change in the Applicable Rate during any quarter, the daily
maximum amount of each Letter of Credit shall be computed and multiplied by the Applicable Rate
separately for each period during such quarter that such Applicable Rate was in effect.

     (j) Fronting Fee and Documentary and Processing Charges Payable to the L/C Issuer.
The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect
to each Letter of Credit issued (or deemed issued) by the L/C Issuer equal to the rate per annum
identified in the KeyBank Fee Letter times the daily maximum amount available to be drawn under
such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of
Credit); provided, however, with respect to those Existing Letters of Credit issued by Wachovia
Bank, National Association, the Borrower shall pay directly to Wachovia Bank, National Association
for its own account a fronting fee with respect to such Existing Letters of Credit equal to 0.125%
per annum times the daily maximum amount available to be drawn under such Existing Letters of
Credit (whether or not such maximum amount is then in effect under such Existing Letter of Credit).
Such letter of credit fees shall be computed on a quarterly basis in arrears. Such letter of
credit fees shall be due and payable on the first Business Day after the end of each March, June,
September and December, commencing with the first such date to occur after the issuance (or deemed
issuance) of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on
demand. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the
customary issuance, presentation, amendment and other processing fees, and other standard costs and
charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such
customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

     (k) Reimbursement Agreement. It is acknowledged and agreed that this Agreement shall
be deemed to be the “Reimbursement Agreement” for purposes of that certain Indenture dated as of
June 1,

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2003 between the Ohio Air Quality Development Authority and Bank One Trust Company, National
Association, as trustee, as amended from time to time.

     (l) Conflict with Letter of Credit Application. In the event of any conflict between
the terms hereof and the terms of any Letter of Credit Application, the terms hereof shall control.

2.04 Swing Line Loans.

     (a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing
Line Lender agrees to make loans (each such loan, a “Swing Line Loan”) to the Borrower from time to
time on any Business Day during the Availability Period in an aggregate amount not to exceed at any
time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing
Line Loans, when aggregated with the Pro Rata Share of the Outstanding Amount of Loans and L/C
Obligations of the Lender acting as Swing Line Lender, may exceed the amount of such Lender’s
Commitment; provided, however, that after giving effect to any Swing Line Loan, (i) the Total
Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount
of the Revolving Credit Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding
Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all
Swing Line Loans shall not exceed such Lender’s Commitment, and provided further that the Borrower
shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan.
Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrower may
borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this
Section 2.04. Each Swing Line Loan shall be a Base Rate Loan denominated in Dollars.
Immediately upon the making of a Swing Line Loan, each Lender shall be deemed to, and hereby
irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation
in such Swing Line Loan in an amount equal to the product of such Lender’s Pro Rata Share times the
amount of such Swing Line Loan.

     (b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Borrower’s
irrevocable notice to the Swing Line Lender and the Paying Agent, which may be given by telephone.
Each such notice must be received by the Swing Line Lender and the Paying Agent not later than 1:00
p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall
be a minimum of $100,000, and (ii) the requested borrowing date, which shall be a Business Day.
Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the
Paying Agent of a written Swing Line Loan Notice, appropriately completed and signed by a
Responsible Officer of the Borrower. Promptly after receipt by the Swing Line Lender of any
telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the Paying Agent (by
telephone or in writing) that the Paying Agent has also received such Swing Line Loan Notice and,
if not, the Swing Line Lender will notify the Paying Agent (by telephone or in writing) of the
contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing)
from the Paying Agent (including at the request of any Lender) prior to 2:00 p.m. on the date of
the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line
Loan as a result of the limitations set forth in the proviso to the first sentence of Section
2.04(a), or (B) that one or more of the applicable conditions specified in Section 5.02
is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender
will, not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make
the amount of its Swing Line Loan available to the Borrower at its office by crediting the account
of the Borrower on the books of the Swing Line Lender in immediately available funds.

     (c) Refinancing of Swing Line Loans.

     (i) The Swing Line Lender at any time in its sole and absolute discretion may request,
on behalf of the Borrower (which hereby irrevocably authorizes the Swing Line Lender

34

 

to so request on its behalf), that each Lender make a Base Rate Loan in an amount equal
to such Lender’s Pro Rata Share of the amount of Swing Line Loans then outstanding. Such
request shall be made in writing (which written request shall be deemed to be a Committed
Loan Notice for purposes hereof) and in accordance with the requirements of Section
2.02, without regard to the minimum and multiples specified therein for the principal
amount of Base Rate Loans, but subject to the unutilized portion of the Commitments and the
conditions set forth in Section 5.02. The Swing Line Lender shall furnish the
Borrower with a copy of the applicable Committed Loan Notice promptly after delivering such
notice to the Paying Agent. Each Lender shall make an amount equal to its Pro Rata Share of
the amount specified in such Committed Loan Notice available to the Paying Agent in
immediately available funds for the account of the Swing Line Lender at the Paying Agent’s
Office not later than 1:00 p.m. on the day specified in such Committed Loan Notice,
whereupon, subject to Section 2.04(c)(ii), each Lender that so makes funds available
shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The Paying
Agent shall remit the funds so received to the Swing Line Lender.

     (ii) If for any reason any Swing Line Loan cannot be refinanced by a Revolving Credit
Borrowing in accordance with Section 2.04(c)(i), the request for Base Rate Loans
submitted by the Swing Line Lender as set forth herein shall be deemed to be a request by
the Swing Line Lender that each of the Lenders fund its risk participation in the relevant
Swing Line Loan and each Lender’s payment to the Paying Agent for the account of the Swing
Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of
such participation.

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

     (iv) Each Lender’s obligation to make Revolving Credit Loans or to purchase and fund
risk participations in Swing Line Loans pursuant to this Section 2.04(c) shall be
absolute and unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right which such Lender may have against
the Swing Line Lender, the Borrower or any other Person for any reason whatsoever, (B) the
occurrence or continuance of a Default, or (C) any other occurrence, event or condition,
whether or not similar to any of the foregoing; provided, however, that each Lender’s
obligation to make Revolving Credit Loans pursuant to this Section 2.04(c) is
subject to the conditions set forth in Section 5.02. No such funding of risk
participations shall relieve or otherwise impair the obligation of the Borrower to repay
Swing Line Loans, together with interest as provided herein.

     (d) Repayment of Participations.

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

35

 

     (ii) If any payment received by the Swing Line Lender in respect of principal or
interest on any Swing Line Loan is required to be returned by the Swing Line Lender under
any of the circumstances described in Section 11.06 (including pursuant to any
settlement entered into by the Swing Line Lender in its discretion), each Lender shall pay
to the Swing Line Lender its Pro Rata Share thereof on demand of the Paying Agent, plus
interest thereon from the date of such demand to the date such amount is returned, at a rate
per annum equal to the Federal Funds Rate. The Paying Agent will make such demand upon the
request of the Swing Line Lender.

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

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

2.05 Prepayments.

     (a) Optional. (i) The Borrower may, upon notice to the Paying Agent, at any time or from
time to time voluntarily prepay Loans in whole or in part without premium or penalty; provided that
(1) such notice must be received by the Paying Agent not later than 11:00 a.m. (A) three Business
Days prior to any date of prepayment of Eurocurrency Rate Loans and (B) on the date of prepayment
of Base Rate Loans; (2) any prepayment of Revolving Credit Loans shall be in a principal amount of
not less than the Revolving Credit Borrowing Minimum or the Revolving Credit Borrowing Multiple in
excess thereof; and (3) any prepayment of Swing Line Loans shall be in a principal amount of not
less than $100,000 or, in each case, if less, the entire principal amount thereof then outstanding.
Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to
be prepaid. The Paying Agent will promptly notify each Lender of its receipt of each such notice,
and of the amount of such Lender’s Pro Rata Share of such prepayment. If such notice is given by
the Borrower, the Borrower shall make such prepayment and the payment amount specified in such
notice shall be due and payable on the date specified therein. Any prepayment of a Eurocurrency
Rate Loan shall be accompanied by all accrued interest thereon, together with any additional
amounts required pursuant to Section 3.05. Each prepayment pursuant to this Section
2.05(a) shall be paid to the Paying Agent for distribution to the Appropriate Lenders in
accordance with their respective Pro Rata Shares.

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

     (b) Mandatory. (i) If for any reason (A) the Total Outstandings at any time exceed the
Aggregate Commitments then in effect or (B) the Swing Line Loans outstanding exceed the Swing Line
Sublimit, the Borrower shall immediately prepay the Revolving Credit Loans, the Swing Line Loans
and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess;
provided, however, that the Borrower shall not be required to Cash Collateralize the L/C
Obligations pursuant to

36

 

this Section 2.05(b) unless after the prepayment in full of the Loans and Swing Line
Loans the Total Outstandings exceed the Aggregate Commitments then in effect.

     (ii) Prepayments made pursuant to clause (i)(A) of this Section 2.05(b), first,
shall be applied to prepay L/C Borrowings outstanding at such time until all such L/C
Borrowings are paid in full, second, shall be applied to prepay Swing Line Loans outstanding
at such time until all such Swing Line Loans are paid in full, third, shall be applied to
prepay Revolving Credit Loans outstanding at such time and, fourth, shall be used to Cash
Collateralize the L/C Obligations. Upon the drawing of any Letter of Credit which has been
Cash Collateralized, such funds shall be applied (without any further action by or notice to
or from the Borrower or any other Loan Party) to reimburse the L/C Issuer or the Lenders, as
applicable.

     (c) Prepayments of Committed Currency Loans. If as of any Determination Date (i) the
Equivalent of the Outstanding Amount of all Revolving Credit Loans, all Swing Line Loans and all
L/C Obligations exceeds the Aggregate Commitments then in effect or (ii) the Equivalent of all L/C
Obligations exceeds the Letter of Credit Sublimit, in each case, the Borrower shall, on such
Determination Date, prepay Revolving Credit Loans denominated in Committed Currencies and/or Cash
Collateralize Letters of Credit denominated in a Committed Currency in an aggregate amount equal to
such excess. If as of any Determination Date the Equivalent of the Outstanding Amount of all
Revolving Credit Loans and all L/C Obligations denominated in a Committed Currency exceeds 105% of
the Committed Currency Sublimit then in effect, the Borrower shall, on such Determination Date,
prepay Revolving Credit Loans denominated in Committed Currencies and/or Cash Collateralize Letters
of Credit denominated in a Committed Currency in an aggregate amount equal to the amount by which
such Outstanding Amount exceeds the Committed Currency Sublimit.

     (d) Prepayments to Include Accrued Interest, Etc. All prepayments under this Section
2.05 shall be made together with (i) accrued and unpaid interest to the date of such prepayment
on the principal amount so prepaid and (ii) in the case of any such prepayment of a Eurocurrency
Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in
respect of such Eurocurrency Rate Loan pursuant to Section 3.05.

2.06 Termination or Reduction of Commitments.

     (a) Optional. The Borrower may, upon notice to the Paying Agent, terminate the unused
portions of the Letter of Credit Sublimit, the Committed Currency Sublimit, the Committed L/C
Currency Sublimit or the unused Commitments, or from time to time permanently reduce the unused
portions of the Letter of Credit Sublimit, the Committed Currency Sublimit, the Committed L/C
Currency Sublimit or the unused Commitments; provided that (i) any such notice shall be received by
the Paying Agent not later than 11:00 a.m. five Business Days prior to the date of termination or
reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any
whole multiple of $1,000,000 in excess thereof, (iii) the Borrower shall not terminate or reduce
the unused portions of the Letter of Credit Sublimit, the Committed Currency Sublimit, the
Committed L/C Currency Sublimit or the unused Commitments if, after giving effect thereto and to
any concurrent prepayments hereunder, the Total Outstandings would exceed the Aggregate
Commitments, and (iv) if, after giving effect to any reduction of the Revolving Credit Facility,
the Letter of Credit Sublimit, the Swing Line Sublimit, the Committed Currency Sublimit or the
Committed L/C Currency Sublimit exceeds the amount of the Revolving Credit Facility, such Letter of
Credit Sublimit, Swing Line Sublimit, Committed Currency Sublimit or Committed L/C Currency
Sublimit shall be automatically reduced by the amount of such excess.

     (b) Mandatory. If after giving effect to any reduction or termination of unused
Commitments under this Section 2.06, the Letter of Credit Sublimit, the Committed Currency
Sublimit, the Committed

37

 

L/C Currency Sublimit or the Swing Line Sublimit exceeds the amount of the Commitments, such
sublimit shall be automatically reduced by the amount of such excess.

     (c) Application of Commitment Reductions; Payment of Fees. The Paying Agent will
promptly notify the Lenders of any termination or reduction of unused portions of the Letter of
Credit Sublimit, the Committed Currency Sublimit, the Committed L/C Currency Sublimit or the unused
Commitment under this Section 2.06. Upon any reduction of unused Commitments, the
Commitment of each Lender shall be reduced by such Lender’s Pro Rata Share of the amount by which
the Commitments are reduced. All Facility Fees accrued until the effective date of any termination
of the Aggregate Commitments shall be paid on the effective date of such termination.

2.07 Repayment of Loans.

     (a) Revolving Credit Loans. The Borrower shall repay to the Paying Agent for the ratable
account of the Lenders on the Maturity Date the aggregate principal amount of all Revolving Credit
Loans outstanding on such date.

     (b) Swing Line Loans. The Borrower shall repay each Swing Line Loan on the earlier to occur
of (i) the date agreed to between the Borrower and the Swing Line Lender, but in no event more than
30 days after such Loan is made and (ii) the Maturity Date.

2.08 Interest.

     (a) Subject to the provisions of Section 2.08(b), (i) each Eurocurrency Rate Loan
shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate
per annum equal to the Applicable Rate for Eurocurrency Rate Loans; (ii) each Base Rate Loan shall
bear interest on the outstanding principal amount thereof from the applicable borrowing date at a
rate per annum equal to the Applicable Rate for Base Rate Loans; and (iii) each Swing Line Loan
shall bear interest on the outstanding principal amount thereof from the applicable borrowing date
at a rate per annum equal to the Applicable Rate for Base Rate Loans.

     (b) If any amount of principal, interest or fees payable under any of Sections
2.03(i), 2.03(j) or 2.09 are not paid when due (without regard to any
applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount
shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the
Default Rate to the fullest extent permitted by applicable Laws. Furthermore, upon the request of
the Required Lenders, while any Event of Default exists, the Borrower shall pay interest on the
principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum
at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. Accrued
and unpaid interest on past due amounts (including interest on past due interest) shall be due and
payable upon demand.

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

2.09 Fees.

     In addition to certain fees described in Sections 2.03(i) and 2.03(j):

38

 

     (a) Facility Fee. The Borrower shall pay to the Paying Agent for the account
of each Lender in accordance with its Pro Rata Share, a fee (the “Facility Fee”)
equal to, the Applicable Rate times the Aggregate Commitments (or, if the Aggregate
Commitments have been terminated, on the Outstanding Amount of all Loans and L/C
Obligations); provided, however, that any Facility Fee accrued with respect to any of the
Commitments of a Defaulting Lender during the period prior to the time such Lender became a
Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as
such Lender shall be a Defaulting Lender except to the extent that such Facility Fee shall
otherwise have been due and payable by the Borrower prior to such time; and provided further
that no Facility Fee shall accrue on any of the Commitments of a Defaulting Lender so long
as such Lender shall be a Defaulting Lender. The Facility Fee shall accrue at all times
from the Closing Date through the Maturity Date, including at any time during which one or
more of the conditions in Article V is not met, and shall be due and payable in arrears on
the last Business Day of each March, June, September and December, and on the Maturity Date.
The Facility Fee shall be calculated quarterly in arrears, and if there is any change in
the Applicable Rate during any quarter, the actual daily amount shall be computed and
multiplied by the Applicable Rate separately for each period during such quarter that such
Applicable Rate was in effect.

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

     (ii) The Borrower shall pay to the Agents such fees as shall have been
separately agreed upon in writing in the amounts and at the times so specified.
Such fees shall be fully earned when paid and shall not be refundable for any reason
whatsoever.

2.10 Computation of Interest and Fees.

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

2.11 Evidence of Indebtedness.

     (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or
records maintained by such Lender and by the Paying Agent in the ordinary course of business. The
accounts or records maintained by the Paying Agent and each Lender shall be conclusive absent
manifest error of the amount of the Credit Extensions made by the Lenders to the Borrower and the
interest and payments thereon. Any failure to so record or any error in doing so shall not,
however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing
with respect to the Obligations. In the event of any conflict between the accounts and records
maintained by any Lender and the accounts and records of the Paying Agent in respect of such
matters, the accounts and records of the Paying Agent shall control in the absence of manifest
error. Upon the request of any Lender made through the Paying Agent, the Borrower shall execute
and deliver to such Lender (through the Paying Agent) a Note, which

39

 

shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may
attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and
maturity of its Loans and payments with respect thereto.

     (b) In addition to the accounts and records referred to in Section 2.11(a), each
Lender and the Paying Agent shall maintain in accordance with its usual practice accounts or
records evidencing the purchases and sales by such Lender of participations in Letters of Credit
and Swing Line Loans. In the event of any conflict between the accounts and records maintained by
the Paying Agent and the accounts and records of any Lender in respect of such matters, the
accounts and records of the Paying Agent shall control in the absence of manifest error.

     (c) Entries made in good faith by the Paying Agent in the Register pursuant to Section
2.11(b), and by each Lender in its account or accounts pursuant to Section 2.11(a)
above, shall be prima facie evidence of the amount of principal and interest due and payable or to
become due and payable from the Borrower to, in the case of the Register, each Lender and, in the
case of such account or accounts, such Lender, under this Agreement and the other Loan Documents,
absent manifest error; provided that the failure of the Paying Agent or such Lender to make an
entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall
not limit or otherwise affect the obligations of the Borrower under this Agreement and the other
Loan Documents.

2.12 Payments Generally.

     (a) All payments to be made by the Borrower shall be made without condition or deduction for
any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein,
all payments by the Borrower hereunder (except with respect to principal of, interest on, and other
amounts relating to, Loans denominated in a Committed Currency) shall be made to the Paying Agent,
for the account of the respective Lenders to which such payment is owed, at the Paying Agent’s
Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified
herein. Except as otherwise expressly provided herein, all payments by the Borrower with respect
to principal of, interest on, and other amounts relating to, Loans denominated in a Committed
Currency shall be made to the Paying Agent, for the account of the respective Lenders to which such
payment is owed, at the Payment Office in such Committed Currency and in immediately available
funds not later than 2:00 p.m. on the date specified herein. The Paying Agent will promptly
distribute to each Lender its Pro Rata Share (or other applicable share as provided herein) of such
payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments
received by the Paying Agent after 2:00 p.m. shall be deemed received on the next succeeding
Business Day and any applicable interest or fee shall continue to accrue.

     (b) If any payment to be made by the Borrower shall come due on a day other than a Business
Day, payment shall be made on the next following Business Day, and such extension of time shall be
reflected in computing interest or fees, as the case may be; provided, however, that, if such
extension would cause payment of interest on or principal of Eurocurrency Rate Loans to be made in
the next succeeding calendar month, such payment shall be made on the immediately preceding
Business Day.

     (c) Unless the Borrower or any Lender has notified the Paying Agent, prior to the date any
payment is required to be made by it to the Paying Agent hereunder, that the Borrower or such
Lender, as the case may be, will not make such payment, the Paying Agent may assume that the
Borrower or such Lender, as the case may be, has timely made such payment and may (but shall not be
so required to), in reliance thereon, make available a corresponding amount to the Person entitled
thereto. If and to the extent that such payment was not in fact made to the Paying Agent in
immediately available funds, then:

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     (i) if the Borrower failed to make such payment, each Lender shall forthwith on demand
repay to the Paying Agent the portion of such assumed payment that was made available to
such Lender in immediately available funds, together with interest thereon in respect of
each day from and including the date such amount was made available by the Paying Agent to
such Lender to the date such amount is repaid to the Paying Agent in immediately available
funds at the higher of (A) Federal Funds Rate from time to time in effect in the case of
Loans denominated in Dollars or (B) the cost of funds incurred by the Paying Agent in
respect of such amount in the case of Loans denominated in Committed Currencies; and

     (ii) if any Lender failed to make such payment, such Lender shall forthwith on demand
pay to the Paying Agent the amount thereof in immediately available funds, together with
interest thereon for the period from the date such amount was made available by the Paying
Agent to the Borrower to the date such amount is recovered by the Paying Agent (the
“Compensation Period”) at a rate per annum equal to the higher of (A) Federal Funds
Rate from time to time in effect in the case of Loans denominated in Dollars or (B) the cost
of funds incurred by the Paying Agent in respect of such amount in the case of Loans
denominated in Committed Currencies. If such Lender pays such amount to the Paying Agent,
then such amount shall constitute such Lender’s Loan included in the applicable Borrowing in
the case of Loans denominated in Dollars or (B) the cost of funds incurred by the Paying
Agent in respect of such amount in the case of Loans denominated in Committed Currencies.
If such Lender does not pay such amount forthwith upon the Paying Agent’s demand therefor,
the Paying Agent may make a demand therefor upon the Borrower, and the Borrower shall pay
such amount to the Paying Agent, together with interest thereon for the Compensation Period
at a rate per annum equal to the rate of interest applicable to the applicable Borrowing.
Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its
Commitment or to prejudice any rights which the Paying Agent or the Borrower may have
against any Lender as a result of any default by such Lender hereunder.

     A notice of the Paying Agent to any Lender or the Borrower with respect to any amount owing
under this Section 2.12(c) shall be conclusive, absent manifest error.

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

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

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

     (g) Whenever any payment received by the Paying Agent under this Agreement or any of the other
Loan Documents is insufficient to pay in full all amounts due and payable to the Agents and the
Lenders under or in respect of this Agreement and the other Loan Documents on any date, such
payment shall be distributed by the Paying Agent and applied by the Agents and the Lenders in the
order of

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priority set forth in Section 9.03. If the Paying Agent receives funds for
application to the Obligations of the Loan Parties under or in respect of the Loan Documents under
circumstances for which the Loan Documents do not specify the manner in which such funds are to be
applied, the Paying Agent may, but shall not be obligated to, elect to distribute such funds to
each of the Lenders in accordance with such Lender’s Pro Rata Share of the sum of (A) the
Outstanding Amount of all Loans outstanding at such time and (b) the Outstanding Amount of all L/C
Obligations outstanding at such time, in repayment or prepayment of such of the outstanding Loans
or other Obligations then owing to such Lender.

     (h) To the extent that the Paying Agent receives funds for application to the amounts owing by
the Borrower under or in respect of this Agreement or any Note in currencies other than the
currency or currencies required to enable the Paying Agent to distribute funds to the Lenders in
accordance with the terms of this Section 2.12, the Paying Agent shall be entitled to
convert or exchange such funds into Dollars or into a Committed Currency or from Dollars to a
Committed Currency or from a Committed Currency to Dollars, as the case may be, to the extent
necessary to enable the Paying Agent to distribute such funds in accordance with the terms of this
Section 2.12; provided that the Borrower and each of the Lenders hereby agree that the
Paying Agent shall not be liable or responsible for any loss, cost or expense suffered by the
Borrower or such Lender as a result of any conversion or exchange of currencies affected pursuant
to this Section 2.12(h) or as a result of the failure of the Paying Agent to effect any
such conversion or exchange; and provided further that the Borrower agrees to indemnify the Paying
Agent and each Lender, and hold the Paying Agent and each Lender harmless, for any and all losses,
costs and expenses incurred by the Paying Agent or any Lender for any conversion or exchange of
currencies (or the failure to convert or exchange any currencies) in accordance with this
Section 2.12(h).

2.13 Sharing of Payments.

     If, other than as expressly provided elsewhere herein, any Lender shall obtain on account of
the Loans made by it, or the participations in L/C Obligations or in Swing Line Loans held by it,
any payment (whether voluntary, involuntary, through the exercise of any right of setoff, or
otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof, such
Lender shall immediately (a) notify the Paying Agent of such fact, and (b) purchase from the other
Lenders such participations in the Loans made by them and/or such subparticipations in the
participations in L/C Obligations or Swing Line Loans held by them, as the case may be, as shall be
necessary to cause such purchasing Lender to share the excess payment in respect of such Loans or
such participations, as the case may be, pro rata with each of them; provided, however, that if all
or any portion of such excess payment is thereafter recovered from the purchasing Lender under any
of the circumstances described in Section 11.06 (including pursuant to any settlement
entered into by the purchasing Lender in its discretion), such purchase shall to that extent be
rescinded and each other Lender shall repay to the purchasing Lender the purchase price paid
therefor, together with an amount equal to such paying Lender’s ratable share (according to the
proportion of (i) the amount of such paying Lender’s required repayment to (ii) the total amount so
recovered from the purchasing Lender) of any interest or other amount paid or payable by the
purchasing Lender in respect of the total amount so recovered, without further interest thereon.
The Borrower agrees that any Lender so purchasing a participation from another Lender may, to the
fullest extent permitted by law, exercise all its rights of payment (including the right of setoff,
but subject to Section 11.09) with respect to such participation as fully as if such Lender
were the direct creditor of the Borrower in the amount of such participation. The Paying Agent
will keep records (which shall be conclusive and binding in the absence of manifest error) of
participations purchased under this Section 2.13 and will in each case notify the Lenders
following any such purchases or repayments. Each Lender that purchases a participation pursuant to
this Section 2.13 shall from and after such purchase have the right to give all notices,
requests, demands, directions and other communications under this Agreement with respect to the
portion of the Obligations purchased to the same extent as though the purchasing Lender were the
original owner of the Obligations purchased.

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2.14 Committed Currency Borrowings.

     (a) Determination of Equivalents. The Paying Agent will determine the Equivalent amount on
each of the following dates: (i) the last Business Day of each month, (ii) the date a Request for
Credit Extension is delivered to the Paying Agent with respect to each Credit Extension issued or
advanced that results in an Outstanding Amount denominated in a Committed Currency, (iii) each date
on which any Outstanding Amount is due, (iv) each Interest Payment Date applicable thereto, (v) the
Honor Date with respect to each Letter of Credit denominated in a Committed Currency, (vi) each
date of an amendment of any such Letter of Credit denominated in a Committed Currency having the
effect of increasing the amount thereof, (vii) any date on which an L/C Borrowing is deemed to have
been made with respect to a Letter of Credit denominated in a Committed Currency, and (viii) any
additional and more frequent dates as the Lead Arrangers in their sole discretion may, or at the
direction of the Required Lenders shall, select from time to time (each such date under clauses (i)
through (viii), being a “Determination Date”).

     (b) Notification of Availability. If on any date on which a Revolving Credit Loan
denominated in a Committed Currency is requested to be made or continued, in the event that the
Committed Currency requested or elected by the Borrower to be continued is not available to the
Paying Agent, then the Paying Agent shall notify the Borrower no later than 4:00 p.m., three
Business Days prior to the proposed Borrowing or proposed continuation.

     (c) Consequences of Non-Availability. If the Paying Agent notifies the Borrower
pursuant to Section 2.14(b) that the Committed Currency requested or elected by the
Borrower to be continued is not available, such notification shall (i) in the case of any request
for a Borrowing, revoke such request and (ii) in the case of any continuation or conversion, result
in the Eurocurrency Rate Loans denominated in such Committed Currency being automatically converted
into Eurocurrency Rate Loans denominated in Dollars for a one month Interest Period on the last day
of the then current Interest Period with respect to such Eurocurrency Rate Loans denominated in
such Committed Currency.

     (d) Automatic Conversions. During the existence of an Event of Default, all
outstanding Loans denominated in a Committed Currency shall be redenominated and converted into
their Equivalent of Base Rate Loans in Dollars on the last day of the Interest Period applicable to
any such Loans.

ARTICLE III

TAXES, YIELD PROTECTION AND ILLEGALITY

3.01 Taxes.

     (a) Any and all payments by the Borrower to or for the account of any Agent or any Lender
under any Loan Document shall be made free and clear of and without deduction for any and all
present or future taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or
similar charges, and all liabilities with respect thereto, excluding, in the case of each Agent and
each Lender, taxes imposed on or measured by its overall net income, and franchise taxes imposed on
it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under
the Laws of which such Agent or such Lender, as the case may be, is organized or maintains a
lending office, or to which such Agent or such Lender has a present or former connection (all such
non-excluded taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar
charges, and liabilities being hereinafter referred to as “Taxes”). If the Borrower shall be
required by any Laws to deduct any Taxes from or in respect of any sum payable under any Loan
Document to any Agent or any Lender, (i) the sum payable shall be increased as necessary so that
after making all required deductions (including deductions applicable to additional sums payable
under this Section 3.01), each of such Agent and such Lender receives an amount

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equal to the sum it would have received had no such deductions been made, (ii) the Borrower
shall make such deductions, (iii) the Borrower shall pay the full amount deducted to the relevant
taxation authority or other authority in accordance with applicable Laws, and (iv) upon the request
of the Paying Agent, the Borrower shall furnish to the Paying Agent (which shall forward the same
to such Agent or such Lender, as the case may be) the original or a certified copy of a receipt
evidencing payment thereof to the extent such a receipt is issued therefor, or other written proof
of payment thereof that is reasonably satisfactory to the Paying Agent.

     (b) In addition, the Borrower agrees to pay any and all present or future stamp, court or
documentary taxes and any other excise or property taxes or charges or similar levies which arise
from any payment made under any Loan Document or from the execution, delivery, performance,
enforcement or registration of, or otherwise with respect to, any Loan Document (hereinafter
referred to as “Other Taxes”).

     (c) If the Borrower shall be required to deduct or pay any Taxes or Other Taxes from or in
respect of any sum payable under any Loan Document to any Agent or any Lender, the Borrower shall
also pay to such Agent or to such Lender, as the case may be, at the time interest is paid, such
additional amount that such Agent or such Lender specifies is necessary to preserve the after-tax
yield (after factoring in all taxes, including taxes imposed on or measured by net income) that
such Agent or such Lender would have received if such Taxes or Other Taxes had not been imposed.

     (d) The Borrower agrees to indemnify each Agent and each Lender for (i) the full amount of
Taxes and Other Taxes (including any Taxes or Other Taxes imposed or asserted by any jurisdiction
on amounts payable under this Section 3.01) paid by such Agent and such Lender, (ii)
amounts payable under Section 3.01(c) and (iii) any liability (including additions to tax,
penalties, interest and expenses) arising therefrom or with respect thereto. Payment under this
Section 3.01(d) shall be made within 30 days after the date such Lender or such Agent makes
a demand therefor.

3.02 Illegality.

     If any Lender determines that the introduction or change in any Law after the Closing Date has
made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any
Lender or its applicable Lending Office to make, maintain or fund Eurocurrency Rate Loans in
Dollars or any Committed Currency, or to determine or charge interest rates based upon the
Eurocurrency Rate, then, on notice thereof by such Lender to the Borrower through the Paying Agent,
any obligation of such Lender to make or continue Eurocurrency Rate Loans or to convert Base Rate
Loans to Eurocurrency Rate Loans shall be suspended until such Lender notifies the Paying Agent and
the Borrower that the circumstances giving rise to such determination no longer exist. Upon
receipt of such notice, the Borrower shall, upon demand from such Lender (with a copy to the Paying
Agent), prepay or, if applicable, convert all Eurocurrency Rate Loans of such Lender to Base Rate
Loans (or if such Eurocurrency Rate Loan is denominated in any Committed Currency, be exchanged
into an Equivalent amount of Dollars and be Converted into a Base Rate Loan), either on the last
day of the Interest Period therefor, if such Lender may lawfully continue to maintain such
Eurocurrency Rate Loans to such day, or immediately, if such Lender may not lawfully continue to
maintain such Eurocurrency Rate Loans. Upon any such prepayment or conversion, the Borrower shall
also pay accrued interest on the amount so prepaid or converted. Each Lender agrees to designate a
different Lending Office if such designation will avoid the need for such notice and will not, in
the good faith judgment of such Lender, otherwise be materially disadvantageous to such Lender.

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3.03 Inability to Determine Rates.

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

3.04 Increased Cost and Reduced Return; Capital Adequacy; Reserves on 
Eurocurrency Rate Loans.

     (a) If any Lender determines that as a result of the introduction of or any change in or in
the interpretation of any Law or such Lender’s compliance therewith, there shall be any increase in
the cost to such Lender of agreeing to make or making, funding or maintaining Eurocurrency Rate
Loans or (as the case may be) issuing or participating in Letters of Credit, or a reduction in the
amount received or receivable by such Lender in connection with any of the foregoing (excluding for
purposes of this Section 3.04(a) any such increased costs or reduction in amount resulting
from (i) Taxes or Other Taxes (as to which Section 3.01 shall govern), (ii) changes in the
basis of taxation of overall net income or overall gross income by the United States or any foreign
jurisdiction or any political subdivision of either thereof under the Laws of which such Lender is
organized or has its Lending Office, or to which such Lender has a present or former connection,
and (iii) reserve requirements contemplated by Section 3.04(c)), then from time to time
upon demand of such Lender (with a copy of such demand to the Paying Agent), the Borrower shall pay
to such Lender such additional amounts as will compensate such Lender for such increased cost or
reduction.

     (b) If any Lender determines that the introduction of any Law regarding capital adequacy or
any change therein or in the interpretation thereof, or compliance by such Lender (or its Lending
Office) therewith, has the effect of reducing the rate of return on the capital of such Lender or
any corporation controlling such Lender as a consequence of such Lender’s obligations hereunder
(taking into consideration its policies with respect to capital adequacy and such Lender’s desired
return on capital), then from time to time upon demand of such Lender (with a copy of such demand
to the Paying Agent), the Borrower shall pay to such Lender such additional amounts as will
compensate such Lender for such reduction.

     (c) The Borrower shall pay to each Lender, as long as such Lender shall be required to
maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency
funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the
unpaid principal amount of each Eurocurrency Rate Loan equal to the actual costs of such reserves
allocated to such Loan by such Lender (as determined by such Lender in good faith, which
determination shall be conclusive), which shall be due and payable on each date on which interest
is payable on such Loan, provided the Borrower shall have received at least 15 days’ prior notice
(with a copy to the Paying Agent) of such additional interest from such Lender. If a Lender fails
to give notice 15 days prior to the relevant Interest Payment Date, such additional interest shall
be due and payable 15 days from receipt of such notice.

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3.05 Funding Losses.

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

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

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

     (iii) any assignment of a Eurocurrency Rate Loan on a day other than the last day of
the Interest Period therefor as a result of a request by the Borrower pursuant to
Section 11.16;

excluding any loss of anticipated profits but including any loss or expense arising from the
liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to
terminate the deposits from which such funds were obtained. The Borrower shall also pay any
customary administrative fees charged by such Lender in connection with the foregoing.

     (b) In addition to the rights of the Lenders set forth in Section 3.05(a), at any time
on or prior to the 180th day following the Closing Date, upon demand of the Paying Agent, from time
to time, the Borrower shall promptly compensate the Paying Agent for and hold the Paying Agent
harmless from any loss, cost or expense incurred by it as a result of any assignment of a
Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result
of the syndication of the Revolving Credit Facility.

     (c) For purposes of calculating amounts payable by the Borrower to the Lenders or the Paying
Agent under this Section 3.05, each Lender shall be deemed to have funded each Eurocurrency
Rate Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit or other
borrowing in the London interbank Eurocurrency market for a comparable amount and for a comparable
period, whether or not such Eurocurrency Rate Loan was in fact so funded.

3.06 Matters Applicable to All Requests for Compensation.

     (a) A certificate of any Agent or any Lender claiming compensation under this Article III and
setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in
the absence of manifest error; provided, however, that no Agent or Lender may seek compensation
under this Article III more than 90 days after such Agent or Lender had actual knowledge
that such amount or amounts were payable under this Article III. In determining such
amount, such Agent or such Lender may use any reasonable averaging and attribution methods.

     (b) Upon any Lender’s making a claim for compensation under Section 3.01 or
3.04, the Borrower may replace such Lender in accordance with Section 11.16.

3.07 Survival.

     All of the Borrower’s obligations under this Article III shall survive termination of the
Aggregate Commitments and repayment of all other Obligations hereunder.

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ARTICLE IV

GUARANTY

4.01 The Guaranty.

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

     Notwithstanding any provision to the contrary contained herein or in any other of the Loan
Documents, the obligations of each Guarantor under this Agreement and the other Loan Documents
shall be limited to an aggregate amount equal to the largest amount that would not render such
obligations subject to avoidance under the Debtor Relief Laws or any comparable provisions of any
applicable state law.

4.02 Obligations Unconditional.

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

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

     (b) any of the acts mentioned in any of the provisions of any of the Loan Documents or any
other agreement or instrument referred to in the Loan Documents shall be done or omitted;

     (c) the maturity of any of the Obligations shall be accelerated, or any of the Obligations
shall be modified, supplemented or amended in any respect, or any right under any of the Loan
Documents, or

47

 

any other agreement or instrument referred to in the Loan Documents shall be waived or any
other guarantee of any of the Obligations or any security therefor shall be released, impaired or
exchanged in whole or in part or otherwise dealt with;

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

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

     With respect to its obligations hereunder, each Guarantor hereby expressly waives diligence,
presentment, demand of payment, protest and all notices whatsoever, and any requirement that the
Co-Administrative Agents or any Lender exhaust any right, power or remedy or proceed against any
Person under any of the Loan Documents or any other agreement or instrument referred to in the Loan
Documents, or against any other Person under any other guarantee of, or security for, any of the
Obligations.

4.03 Reinstatement.

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

4.04 Certain Additional Waivers.

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

4.05 Remedies.

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

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4.06 Rights of Contribution.

     The Guarantors hereby agree as among themselves that, in connection with payments made
hereunder, each Guarantor shall have a right of contribution from each other Guarantor in
accordance with applicable Law. Such contribution rights shall be subordinate and subject in right
of payment to the Obligations until such time as the Obligations have been Fully Satisfied, and
none of the Guarantors shall exercise any such contribution rights until the Obligations have been
Fully Satisfied.

4.07 Guarantee of Payment; Continuing Guarantee.

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

ARTICLE V

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

5.01 Conditions of Initial Credit Extension.

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

     (a) The Co-Administrative Agent’s receipt of the following, each of which shall be
originals or facsimiles (followed promptly by originals) unless otherwise specified, each
properly executed by a Responsible Officer of the signing Loan Party, if applicable, each
dated such date (or, in the case of certificates of governmental officials, a recent date
before such date) and each in form and substance satisfactory to the Co-Administrative
Agents and the Lenders:

     (i) executed counterparts of this Agreement, sufficient in number for
distribution to each Agent, each Lender and the Borrower;

     (ii) a Note executed by the Borrower in favor of each Lender requesting a Note;

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

     (iv) such documents and certifications as the Co-Administrative Agents and the
Lenders may reasonably require to evidence that each Loan Party is duly organized or
formed, and that each Loan Party is validly existing, in good standing and qualified
to engage in business in each jurisdiction where its ownership, lease or operation
of properties or the conduct of its business requires such qualification, except to
the extent that failure to do so could not reasonably be expected to have a Material
Adverse Effect;

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     (v) a favorable opinion of Jones Day, counsel to the Loan Parties, addressed to
the Co-Administrative Agents and each Lender, in form and substance reasonably
satisfactory to the Co-Administrative Agents;

     (vi) a favorable opinion of William R. Burkhart, internal counsel to the Loan
Parties in Pennsylvania, addressed to the Co-Administrative Agents and each Lender,
in form and substance reasonably satisfactory to the Co-Administrative Agents;

     (vii) a certificate of a Responsible Officer of the Borrower either (A)
attaching copies of all consents, licenses and approvals required in connection with
the execution, delivery and performance by any Loan Party and the validity against
such Loan Party of the Loan Documents to which it is a party, and such consents,
licenses and approvals shall be in full force and effect, or (B) stating that no
such consents, licenses or approvals are so required;

     (viii) a certificate signed by a Responsible Officer of the Borrower certifying
that there has been no event or circumstance since the date of the Audited Financial
Statements that has had or could be reasonably expected to have, either individually
or in the aggregate, a Material Adverse Effect;

     (ix) evidence that all insurance required to be maintained pursuant to the Loan
Documents has been obtained and is in effect;

     (x) a certificate attesting to the Solvency of the Borrower and its
Subsidiaries on a consolidated basis, after giving effect to the consummation of the
transaction contemplated hereby, from the Borrower’s Chief Financial Officer or
Executive Vice President-Finance and Administration; and

     (xi) such other assurances, certificates, documents, consents or opinions as
the Co-Administrative Agents may reasonably require.

     (b) All fees required to be paid by the Borrower on or before the Closing Date shall
have been paid in full.

     (c) All accrued reasonable expenses of the Co-Administrative Agents and the Lenders,
including, without limitation, Attorney Costs for which the Borrower has received a
reasonably detailed invoice at least 5 days prior to the Closing Date, shall have been paid
in full.

     (d) The absence of any action, suit, investigation or proceeding pending or threatened
in any court or before any arbitrator or Governmental Authority that (i) could reasonably be
expected to materially and adversely affect the Borrower and its Subsidiaries, (ii) purports
to adversely affect the ability of the Borrower or any other Loan Party to perform their
respective obligations under the Loan Documents, or (iii) purports to affect the legality,
validity or enforceability of any Loan Document.

     (e) There shall not have occurred a material adverse change in the business, assets,
liabilities (actual or contingent), operations or condition (financial or otherwise) of the
Borrower and its Subsidiaries taken as a whole since December 31, 2004.

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5.02 Conditions to all Credit Extensions.

     The obligation of each Lender to honor any Request for Credit Extension (other than a
Committed Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of
Eurocurrency Rate Loans) is subject to the following conditions precedent:

     (a) The representations and warranties of the Borrower and each other Loan Party
contained in Article VI or any other Loan Document, or which are contained in any document
furnished by the Borrower or any other Loan Party at any time under or in connection
herewith or therewith, shall be true and correct in all material respects on and as of the
date of such Credit Extension, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they shall be true and correct in all
material respects as of such earlier date.

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

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

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

ARTICLE VI

REPRESENTATIONS AND WARRANTIES

     The Borrower represents and warrants to the Agents and the Lenders that:

6.01 Existence, Qualification and Power; Compliance with Laws.

     Each Loan Party (a) is a corporation, partnership or limited liability company duly organized
or formed, validly existing and in good standing under the Laws of the jurisdiction of its
incorporation or organization, (b) has all requisite power and authority and all requisite
governmental licenses, authorizations, consents and approvals to (i) own or lease its assets and
carry on its business and (ii) execute, deliver and perform its obligations under the Loan
Documents to which it is a party, (c) is duly qualified and is licensed and in good standing under
the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct
of its business requires such qualification or license, and (d) is in compliance with all
applicable Laws; except in each case referred to in clause (b)(i), (c) or (d), to the extent that
failure to do so could not reasonably be expected to have a Material Adverse Effect.

6.02 Authorization; No Contravention.

     The execution, delivery and performance by each Loan Party of each Loan Document to which such
Person is a party are within such Loan Party’s corporate or other powers, have been duly authorized
by all necessary corporate or other organizational action, and do not and will not (a) contravene
the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach
or contravention of, or the creation of any Lien under, or require any payment to be made under (i)
any

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Contractual Obligation to which such Person is a party or affecting such Person or the
properties of such Person or any of its Subsidiaries or (ii) except as would not be reasonably
likely to have a Material Adverse Effect, any order, injunction, writ or decree of any Governmental
Authority or any arbitral award to which such Person or its property is subject; or (c) except as
would not be reasonably likely to have a Material Adverse Effect, violate any Law. No Loan Party
or any of its Subsidiaries is in violation of any Law, the violation of which could be reasonably
likely to have a Material Adverse Effect.

6.03 Governmental Authorization; Other Consents.

     No approval, consent, exemption, authorization, or other action by, or notice to, or filing
with, any Governmental Authority or any other Person is necessary or required in connection with
(i) the execution, delivery or performance by, or enforcement against, any Loan Party of this
Agreement or any other Loan Document or (ii) the exercise by any Agent or any Lender of its rights
under the Loan Documents, except for those that have already been obtained.

6.04 Binding Effect.

     This Agreement has been, and each other Loan Document, when delivered hereunder, will have
been, duly executed and delivered by each Loan Party that is party thereto. This Agreement
constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and
binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its
terms, except as such enforceability may be limited by (a) bankruptcy, insolvency, reorganization,
moratorium or similar or laws of general applicability affecting the enforcement of creditors
rights and (b) the application of general principals of equity.

6.05 Financial Statements; No Material Adverse Effect.

     (a) The Audited Financial Statements (i) were prepared in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii)
fairly present, in all material respects, the financial condition of the Borrower and its
Subsidiaries as of the date thereof and their results of operations for the period covered thereby
in accordance with GAAP consistently applied throughout the period covered thereby, except as
otherwise expressly noted therein; and (iii) show all material Indebtedness and other liabilities,
direct or contingent, of the Borrower and its Subsidiaries as of the date thereof, including
liabilities for taxes, material commitments and Indebtedness.

     (b) The unaudited consolidated financial statements of the Borrower and its Subsidiaries dated
March 31, 2005, and the related consolidated statements of income or operations, shareholders’
equity and cash flows for the fiscal quarter ended on that date (i) were prepared in accordance
with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly
noted therein, and (ii) fairly present, in all material respects, the financial condition of the
Borrower and its Subsidiaries as of the date thereof and their results of operations for the period
covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to
normal year-end audit adjustments.

     (c) Since the date of the Audited Financial Statements, there has been no event or
circumstance, either individually or in the aggregate, that has had or could reasonably be expected
to have a Material Adverse Effect.

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6.06 Litigation.

     There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of
the Borrower, threatened at law, in equity, in arbitration or before any Governmental Authority, by
or against the Borrower or any of its Subsidiaries or against any of their properties or revenues
that (a) purport to affect or pertain to this Agreement or any other Loan Document, or (b) either
individually or in the aggregate could reasonably be expected to have a Material Adverse Effect.

6.07 No Default.

     Neither the Borrower nor any Subsidiary is in default under or with respect to, or a party to,
any Contractual Obligation that could, either individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect. No Default has occurred and is continuing or would
result from the consummation of the transactions contemplated by this Agreement or any other Loan
Document.

6.08 Ownership of Property; Liens.

     (a) Each Loan Party and each of its Subsidiaries has good record and marketable title in fee
simple to, or valid leasehold interests in, all real property necessary or used in the ordinary
conduct of its business, except for such defects in title as could not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect.

     (b) Set forth on Schedule 6.08(b) hereto is a complete and accurate list of all Liens
(other than any Lien permitted pursuant to Section 8.01(b) through (k)) on the
property or assets of any Loan Party or any of its Subsidiaries as of the Closing Date. The
property of the Borrower and its Subsidiaries is subject to no Liens, other than Liens set forth on
Schedule 6.08(b), and as otherwise permitted by Section 8.01.

6.09 Environmental Compliance.

     Except as otherwise set forth on Schedule 6.09:

     (a) The Borrower and its Subsidiaries conduct in the ordinary course of business a
review of the effect of existing Environmental Laws and known Environmental Liabilities on
their respective businesses, operations and properties, and as a result thereof the Borrower
has reasonably concluded that such Environmental Laws, known Environmental Liabilities, and
Environmental Liabilities that would be known based upon appropriate inquiry and
investigation, could not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect.

     (b) The Borrower and each Loan Party are in compliance with all Environmental Laws
governing its business, except to the extent that any such failure to comply (together with
any resulting penalties, fines or forfeitures) would not reasonably be expected to have a
Material Adverse Effect. All licenses, permits, registrations or approvals required for the
business of the Borrower and each Loan Party under any Environmental Law have been secured
and the Borrower and each such Loan Party are in substantial compliance therewith, except
for such licenses, permits, registrations or approvals the failure to secure or to comply
therewith is not reasonably likely to have a Material Adverse Effect. Neither the Borrower
nor any Loan Party has received written notice, or otherwise knows, that it is in any
respect in noncompliance with, breach of, or default under any Environmental Laws, and no
event has occurred and is continuing which, with the passage of time or the giving of notice
or both, would constitute noncompliance,

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breach of, or default thereunder, except in each such case, such noncompliance,
breaches or defaults as would not reasonably be expected to, in the aggregate, have a
Material Adverse Effect. No property currently or formerly owned or operated by the
Borrower or any Loan Party existing as of the Closing Date and, to the knowledge of the
Borrower, no property currently or formerly owned or operated by the Business, is listed on
the NPL or any analogous foreign, state or local list, and, to the knowledge of the
Borrower, no such properties are proposed for listing or are adjacent to a listed property.

     (c) Hazardous Materials have not at any time been (i) generated, used, treated or
stored on, or transported to or from, any real property currently or formerly owned or
operated by the Borrower or by any Loan Party existing as of the Closing Date, or, to the
knowledge of the Borrower, based upon appropriate inquiry and investigation, any real
property currently or formerly owned or operated by the Business, or (ii) released,
discharged or disposed on any such real property, in each case where such occurrence or
event is not in compliance with Environmental Laws and is reasonably likely to have a
Material Adverse Effect.

6.10 Insurance.

     The properties of the Borrower and its Subsidiaries are insured with financially sound and
reputable insurance companies or are self-insured, in such amounts, with such deductibles and
covering such risks as are customarily carried by companies engaged in similar businesses and
owning similar properties in localities where the Borrower or the applicable Subsidiary operates.

6.11 Taxes.

     The Borrower and its Subsidiaries have filed all Federal and state income tax returns and
other material tax returns and reports required to be filed, and have paid all Federal, state and
other material taxes, assessments, fees and other governmental charges levied or imposed upon them
or their properties, income or assets otherwise due and payable, except those which are being
contested in good faith by appropriate proceedings diligently conducted and for which adequate
reserves have been provided in accordance with GAAP. There is no proposed tax assessment against
the Borrower or any Subsidiary that would, if made, have a Material Adverse Effect. As of the
Closing Date, neither any Loan Party nor any of its Subsidiaries is party to any tax sharing
agreement, except for tax sharing agreements among any of the Loan Parties.

6.12 Pension Plans.

     (a) Except as set forth on Schedule 6.12 hereto, (i) each Plan has been and will be funded in
accordance with the terms of ERISA, (ii) there has been no Reportable Event, (iii) no Pension Plan
has incurred a liability to the PBGC, (iv) no Pension Plan has incurred a liability under Title IV
of ERISA (other than for premiums due and not delinquent under Section 4007 of ERISA), (v) neither
the Borrower nor any Loan Party has incurred any withdrawal liability (within the meaning of Part 1
of Subtitle E of Title I of ERISA) with respect to any Multiemployer Plan, (vi) neither the
Borrower nor any Loan Party intends to withdraw from a Multiemployer Plan, (vii) no Loan Party has
incurred any liability under Section 502(i) of ERISA or Section 4975 of the Code with respect to
the Plans, (viii) no prohibited transactions have occurred, (ix) no ERISA Event has occurred or is
reasonably expected to occur, (x) the Borrower and each ERISA Affiliate have made all required
contributions to each Plan subject to Section 412 of the Code in accordance with Section 412 of the
Code or pursuant to any binding agreement with the PBGC, and no application for a funding waiver or
an extension of any amortization period pursuant to Section 412 of the Code has been made with
respect to any Plan, (xi) neither the Borrower nor any ERISA Affiliate has incurred, or reasonably
expects to incur, any liability under Title IV of ERISA with

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respect to any Pension Plan (other than for premiums due and not delinquent under Section 4007
of ERISA), (xii) neither the Borrower nor any ERISA Affiliate has incurred, or reasonably expects
to incur, any liability (and no event has occurred which, with the giving of notice under Section
4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to
a Multiemployer Plan, (xiii) neither the Borrower nor any ERISA Affiliate has engaged in a
transaction that could be subject to Sections 4069 or 4212(c) of ERISA., (xiv) each Plan is in
compliance with the applicable provisions of ERISA, the Code and other Federal or state Laws, and
(xv) each Plan that is intended to qualify under Section 401(a) of the Code has received a
favorable determination letter from the IRS or an application for such a letter is currently being
processed by the IRS with respect thereto and, to the knowledge of the Borrower, nothing has
occurred which would prevent, or cause the loss of, such qualification, and which, with respect to
subsections (i) through (xv) above, in the aggregate, would not reasonably be expected to result in
a Material Adverse Effect.

     (b) There are no pending or, to the knowledge of the Borrower, threatened claims, actions or
lawsuits, or action by any Governmental Authority, with respect to any Plan that could be
reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction
or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or
could reasonably be expected to result in a Material Adverse Effect.

6.13 Subsidiaries; Equity Interests.

     As of the Closing Date, no Loan Party has any Subsidiaries other than those specifically
disclosed in Part (a) of Schedule 6.13, and all of the outstanding Equity Interests in such
Subsidiaries have been validly issued, are fully paid and non-assessable and are owned by a Loan
Party in the amounts specified in Part (a) of Schedule 6.13 free and clear of all Liens other than
those permitted pursuant to Section 8.01. No Loan Party has any equity Investments in any
other Person other than (i) those specifically disclosed in Part (b) of Schedule 6.13 and
(ii) those Investments permitted by Section 8.02.

6.14 Margin Regulations; Investment Company Act; Public Utility Holding Company Act.

     (a) The Borrower is not engaged and will not engage, principally or as one of its important
activities, in the business of purchasing or carrying margin stock (within the meaning of
Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying
margin stock and no proceeds of any Borrowings or drawings under any Letter of Credit will be used
to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing
or carrying any margin stock.

     (b) None of the Borrower, any Person Controlling the Borrower, or any Subsidiary (i) 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, or (ii) is or is required to be registered as an
“investment company” under the Investment Company Act of 1940. Neither the making of any Loan, nor
the issuance (or deemed issuance) of any Letters of Credit, nor the application of the proceeds or
repayment thereof by the Borrower, nor the consummation of the other transactions contemplated by
the Loan Documents, will violate any provision of any such Act or any rule, regulation or order of
the SEC thereunder.

6.15 Disclosure.

     No written report, financial statement, certificate or other information furnished by or on
behalf of any Loan Party to any Agent or any Lender in connection with the transactions
contemplated hereby and the negotiation of this Agreement or delivered hereunder or any other Loan
Document (as modified or supplemented by other information so furnished) contains any material
misstatement of fact or omits to

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state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided that, with respect to projected
financial information provided by the Borrower or that is otherwise described on Schedule 6.15, the
Borrower represents only that such information was prepared in good faith based upon assumptions
believed to be reasonable at the time.

6.16 Compliance with Laws.

     Each Loan Party and each Subsidiary is in compliance in all material respects with the
requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its
properties, except in such instances in which (a) such requirement of Law or order, writ,
injunction or decree is being contested in good faith by appropriate proceedings diligently
conducted or (b) the failure to comply therewith, either individually or in the aggregate, could
not reasonably be expected to have a Material Adverse Effect.

6.17 Intellectual Property; Licenses, Etc.

     Each Loan Party and its Subsidiaries own, or possess the right to use, all of the trademarks,
service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other
intellectual property rights (collectively, “IP Rights”) that are reasonably necessary for the
operation of their respective businesses, without conflict with the rights of any other Person,
except where the failure to do so, or for such conflicts that, could not reasonably be expected to
have a Material Adverse Effect. To the best knowledge of the Borrower, no slogan or other
advertising device, product, process, method, substance, part or other material now employed, or
now contemplated to be employed, by any Loan Party or any Subsidiary infringes upon any rights held
by any other Person, except for such infringements that could not reasonably be expected to have a
Material Adverse Effect. No claim or litigation regarding any IP Rights is pending or, to the
knowledge of the Borrower, threatened, which, either individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect.

6.18 Solvency.

     The Borrower and its Subsidiaries are, on a consolidated basis, Solvent.

ARTICLE VII

AFFIRMATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder which is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit
shall remain outstanding, the Borrower shall, and shall (except in the case of the covenants set
forth in Sections 7.01, 7.02, 7.03 and 7.11) cause each Subsidiary
to:

7.01 Financial Statements.

     Deliver to each Agent and each Lender, in form and detail satisfactory to the
Co-Administrative Agents and the Required Lenders:

     (a) as soon as available, but in any event within 90 days after the end of each fiscal
year of the Borrower, a consolidated balance sheet of the Borrower and its Subsidiaries as
at the end of such fiscal year, and the related consolidated statements of income or
operations, shareholders’ equity and cash flows for such fiscal year, setting forth in each
case in comparative

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form the figures for the previous fiscal year, all in reasonable detail and prepared in
accordance with GAAP, audited and accompanied by a report and opinion of an independent
certified public accountant of nationally recognized standing reasonably acceptable to the
Required Lenders, which report and opinion shall be prepared in accordance with generally
accepted auditing standards and shall not be subject to any “going concern” or like
qualification or exception or any qualification or exception as to the scope of such audit;
and

     (b) as soon as available, but in any event within 45 days after the end of each of the
first three fiscal quarters of each fiscal year of the Borrower, a consolidated balance
sheet of the Borrower and its Subsidiaries as at the end of such fiscal quarter, and the
related consolidated statements of income or operations, shareholders’ equity and cash flows
for such fiscal quarter and for the portion of the Borrower’s fiscal year then ended,
setting forth in each case in comparative form the figures for the corresponding fiscal
quarter of the previous fiscal year and the corresponding portion of the previous fiscal
year, all in reasonable detail and certified by a Responsible Officer of the Borrower as
fairly presenting the financial condition, results of operations, shareholders’ equity and
cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject only to
normal year-end audit adjustments and the absence of footnotes.

     As to any information contained in materials furnished pursuant to Section 7.02(d),
the Borrower shall not be separately required to furnish such information under Section
7.01(a) or 7.01(b), but the foregoing shall not be in derogation of the obligation of the
Borrower to furnish the information and materials described in Sections 7.01(a) and
7.01(b) at the times specified therein.

7.02 Certificates; Other Information.

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

     (a) concurrently with the delivery of the financial statements referred to in
Section 7.01(a), a certificate of its independent certified public accountants
certifying such financial statements and stating that in making the examination necessary
therefor no knowledge was obtained of any Default or, if any such Default shall exist,
stating the nature and status of such event;

     (b) concurrently with the delivery of the financial statements referred to in
Sections 7.01(a) and 7.01(b), a duly completed Compliance Certificate signed
by a Responsible Officer of the Borrower, and in the event of any change in generally
accepted accounting principles used in the preparation of such financial statements, the
Borrower shall also provide, if necessary for the determination of compliance with
Section 8.11, a statement of reconciliation conforming such financial statements to
GAAP;

     (c) promptly after any request by any Co-Administrative Agent, copies of any detailed
audit reports, management letters or recommendations submitted to the board of directors (or
the audit committee of the board of directors) of the Borrower by independent accountants in
connection with the accounts or books of any Loan Party or any Subsidiary, or any audit of
any of them;

     (d) unless the same shall be publicly available, promptly after the same are available,
copies of each annual report, proxy or financial statement or other report or communication
sent to the stockholders of the Borrower, and copies of all annual, regular, periodic and
special reports

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and registration statements which the Borrower may file or be required to file with the
SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, or with any
Governmental Authority that may be substituted therefor, or with any national securities
exchange, and in any case not otherwise required to be delivered to the Agents pursuant
hereto;

     (e) promptly after the assertion or occurrence thereof, notice of any noncompliance by
any Loan Party or any of its Subsidiaries with any Environmental Law or Environmental Permit
that could reasonably be expected to have a Material Adverse Effect; and

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

     Documents required to be delivered pursuant to Section 7.01(a), 7.01(b) or
7.02(d) (to the extent any such documents are included in materials otherwise filed with
the SEC) may be delivered electronically and if so delivered, shall be deemed to have been
delivered on the date (i) on which the Borrower posts such documents, or provides a link thereto on
the Borrower’s website on the Internet at the website address listed on Schedule 11.02; or (ii) on
which such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency or another
relevant website, if any, to which each Lender and each Agent have access (whether a commercial,
third-party website or whether sponsored by the Co-Administrative Agents); provided that: (i) the
Borrower shall deliver paper copies of such documents to any Agent or any Lender that requests the
Borrower to deliver such paper copies until a written request to cease delivering paper copies is
given by such Agent or such Lender and (ii) the Borrower shall notify (which may be by facsimile or
electronic mail) each Agent and each Lender of the posting of any such documents and provide to the
Co-Administrative Agents by electronic mail electronic versions (i.e., soft copies) of such
documents. Notwithstanding anything contained herein, in every instance the Borrower shall be
required to provide paper copies of the Compliance Certificates required by Section 7.02(c)
to each of the Agents and each of the Lenders. Except for such Compliance Certificates, the
Co-Administrative Agents shall have no obligation to request the delivery or to maintain copies of
the documents referred to above, and in any event shall have no responsibility to monitor
compliance by the Borrower with any such request for delivery, and each Lender shall be solely
responsible for requesting delivery to it or maintaining its copies of such documents.

7.03 Notices.

     Promptly after a Responsible Officer has knowledge thereof, notify each Agent and each Lender:

     (a) of the occurrence of any Default or Event of Default;

     (b) of any matter that has resulted or could reasonably be expected to result in a
Material Adverse Effect;

     (c) of the occurrence of any ERISA Event;

     (d) of any material change in accounting policies, financial reporting practices or
fiscal year by the Borrower; and

     (e) of any public announcement by Moody’s or S&P of any change in a Debt Rating.

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     Each notice pursuant to subparts (a) through (e) of this Section 7.03 shall be
accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the
occurrence referred to therein and stating what action the Borrower has taken and proposes to take
with respect thereto.

7.04 Payment of Obligations.

     Pay and discharge as the same shall become due and payable, all its material obligations and
liabilities, including (a) all tax liabilities, assessments and governmental charges or levies upon
it or its properties or assets, unless the same are being contested in good faith by appropriate
proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained
by the Borrower or such Subsidiary, (b) all lawful claims which, if unpaid, would by law become a
Lien upon its property not permitted pursuant to Section 8.01, and (c) all Indebtedness, as
and when due and payable unless the failure to so pay would not constitute an Event of Default
hereunder or would not be reasonably likely to cause a Material Adverse Effect, but subject to any
subordination provisions contained in any instrument or agreement evidencing such Indebtedness.

7.05 Preservation of Existence, Etc.

     (a) Preserve, renew and maintain in full force and effect its legal existence and good
standing under the Laws of the jurisdiction of its organization except in a transaction permitted
by Section 8.04 or 8.05; (b) take all reasonable action to maintain all rights,
privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its
business, except to the extent that failure to do so could not reasonably be expected to have a
Material Adverse Effect; and (c) preserve or renew all of its registered patents, trademarks, trade
names and service marks, the non-preservation of which could reasonably be expected to have a
Material Adverse Effect.

7.06 Maintenance of Properties.

     (a) Maintain, preserve and protect all of its material properties and equipment necessary in
the operation of its business in good working order and condition, ordinary wear and tear excepted,
except to the extent that the continued maintenance of such property is no longer economically
desirable as determined in good faith by the Borrower; (b) make all necessary repairs thereto and
renewals and replacements thereof except where the failure to do so could not reasonably be
expected to have a Material Adverse Effect; and (c) use the standard of care typical in the
industry in the operation and maintenance of its facilities.

7.07 Maintenance of Insurance.

     Maintain insurance with financially sound and reputable insurance companies or maintain a
self-insurance program, with respect to its properties and business against loss or damage of the
kinds customarily insured against by Persons engaged in the same or similar business, of such types
and in such amounts as are customarily carried under similar circumstances by such other Persons.

7.08 Compliance with Laws.

     Comply in all material respects with the requirements of all Laws and all orders, writs,
injunctions and decrees applicable to it or to its business or property, except in such instances
in which (a) such requirement of Law or order, writ, injunction or decree is being contested in
good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith
could not reasonably be expected to have a Material Adverse Effect.

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7.09 Books and Records.

     Maintain proper books of record and account, in which full, true and correct entries in
conformity with GAAP consistently applied shall be made of all financial transactions and matters
involving the assets and business of the Borrower or such Subsidiary, as the case may be.

7.10 Inspection Rights.

     Within five Business Days of delivery of the notice referred to below, permit representatives
and independent contractors of each Agent and each Lender to visit and inspect any of its
properties, to examine its corporate, financial and operating records, and make copies thereof or
abstracts therefrom, and to discuss its affairs, finances and accounts with its directors,
officers, and independent public accountants, all at the expense of the Borrower and at such
reasonable times during normal business hours and as often as may be reasonably desired, upon
reasonable advance notice to the Borrower; provided, however, that when an Event of Default exists
any Agent or any Lender (or any of their respective representatives or independent contractors) may
do any of the foregoing at the expense of the Borrower at any time during normal business hours and
without advance notice.

7.11 Use of Proceeds.

     Use the proceeds of the Credit Extensions for working capital, Capital Expenditures, Permitted
Acquisitions and other lawful corporate purposes, in each case, not in contravention of any Law or
of any Loan Document.

7.12 Covenant to Guarantee Obligations.

     Upon (x) the request of any Co-Administrative Agent following the occurrence and during the
continuance of a Default or Event of Default, (y) the formation or acquisition of any new direct or
indirect Domestic Subsidiary by any Loan Party that is a Material Subsidiary or (z) any existing
direct or indirect Domestic Subsidiary of any Loan Party becoming a Material Subsidiary (for
purposes of this clause (z) as determined by the financial statements delivered pursuant to
Section 7.01(a) and (b)), then the Borrower shall, in each case at the Borrower’s
expense:

     (i) cause such Material Subsidiary (other than a special purpose entity established to
facilitate a securitization or other financing of accounts receivable or other assets of any
Loan Party otherwise permitted hereunder (the “Receivables Subsidiary”), within 30 days
after such request, formation or acquisition or becoming a Material Subsidiary, and cause
each direct and indirect parent of such Material Subsidiary (if it has not already done so),
to duly execute and deliver to the Co-Administrative Agents a Joinder Agreement in
substantially the same form as Exhibit F, guaranteeing the other Loan Parties’ obligations
under the Loan Documents,

     (ii) within 60 days after such request, formation or acquisition, or becoming a
Material Subsidiary, deliver to the Co-Administrative Agents, upon the request of the
Co-Administrative Agents in their sole discretion, a signed copy of a favorable opinion,
addressed to the Co-Administrative Agents and the Lenders, of counsel for the Loan Parties
reasonably acceptable to the Co-Administrative Agents relating to the matters described in
clause (a) above, including any such Joinder Agreement, being legal, valid and binding
obligations of each Loan Party party thereto enforceable in accordance with its terms;

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provided, however, that, notwithstanding anything in any Loan Document to the contrary, in no event
will any Foreign Subsidiary be required to provide a Guaranty under any Loan Document or Joinder
Agreement.

7.13 Compliance with Environmental Laws.

     Comply, and cause all lessees and other Persons operating or occupying its properties to
comply, in all material respects, with all applicable Environmental Laws and Environmental Permits;
obtain and renew all Environmental Permits necessary for its operations and properties; and conduct
any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or
other action to address any Hazardous Materials on or under any of its properties, to the extent
required by applicable Environmental Laws; provided, however, that neither the Borrower nor any of
its Subsidiaries shall be required to undertake any such cleanup, removal, remedial or other action
to the extent that its obligation to do so is being contested in good faith and by proper
proceedings and appropriate reserves are being maintained with respect to such circumstances.

7.14 Further Assurances.

     Promptly upon request by any Co-Administrative Agent, or any Lender through any
Co-Administrative Agent, (i) correct any material defect or error that may be discovered in any
Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (ii) do,
execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and
all such further acts, deeds, certificates, assurances and other instruments as any Agent, or any
Lender through any Co-Administrative Agent, may reasonably require from time to time in order to
carry out more effectively the purposes of the Loan Documents.

ARTICLE VIII

NEGATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder which is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit
shall remain outstanding, the Borrower shall not, nor shall it permit any Subsidiary to, directly
or indirectly:

8.01 Liens.

     Create, incur, assume or suffer to exist any Lien upon any of its property, assets or
revenues, whether now owned or hereafter acquired, or authorize the filing under the Uniform
Commercial Code of any jurisdiction of a financing statement that names the Borrower or any of its
Subsidiaries as debtor, or sign or suffer to exist any security agreement authorizing any secured
party thereunder to file such financing statement, or assign any accounts or other right to receive
income, other than the following:

     (a) Liens existing on the Closing Date that are listed on Schedule 6.08(b) and any
renewals or extensions thereof, provided that the property covered thereby is not changed
and the amount not increased or the direct or any contingent obligor changed and any renewal
or extension of the obligations secured or benefited thereby is permitted by Section
8.03(c)(B);

     (b) Liens for taxes not yet due or which are being contested in good faith and by
appropriate proceedings diligently conducted, if adequate reserves with respect thereto are
maintained on the books of the applicable Person in accordance with GAAP;

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     (c) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, landlord’s or
other like Liens arising in the ordinary course of business which are not overdue for a
period of more than 30 days or which are being contested in good faith and by appropriate
proceedings diligently conducted, if adequate reserves with respect thereto are maintained
on the books of the applicable Person;

     (d) pledges or deposits in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other social security legislation, other than any
Lien imposed by ERISA;

     (e) deposits to secure the performance of bids, trade contracts and leases (other than
Indebtedness), statutory obligations, surety bonds (other than bonds related to judgments or
litigation), performance bonds and other obligations of a like nature incurred in the
ordinary course of business;

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

     (g) Liens securing judgments for the payment of money not constituting an Event of
Default under Section 9.01(h) or securing appeal or other surety bonds related to
such judgments;

     (h) Liens securing Indebtedness permitted under Section 8.03(c)(E); provided
that (i) such Liens do not at any time encumber any property other than the property
financed by such Indebtedness, (ii) the Indebtedness secured thereby does not exceed the
cost or fair market value, whichever is lower, of the property being acquired on the date of
acquisition and (iii) with respect to capital leases, such Liens do not at any time extend
to or cover any assets other than the assets subject to such capital leases;

     (i) Liens on or transfers of accounts receivable and contracts, and instruments and
other assets related thereto arising in connection with the sale of such accounts receivable
pursuant to Section 8.05(g);

     (j) Liens securing Indebtedness permitted by Section 8.03(c)(H), provided that
such Liens existed prior to such Person becoming a Subsidiary of the Borrower, were not
created in anticipation thereof and do not extend to any assets other than those of such
Subsidiary; and

     (k) other Liens securing Indebtedness outstanding in an aggregate principal amount not
to exceed $50,000,000.

8.02 Investments.

     Make or hold any Investments, except:

     (a) Investments held by the Borrower or such Subsidiary in the form of Cash
Equivalents;

     (b) advances to officers, directors and employees of the Borrower and Subsidiaries made
in the ordinary course of business for travel, entertainment, relocation and analogous
ordinary business purposes;

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     (c) (i) equity Investments of the Borrower in any Guarantor and Investments of any
Guarantor in the Borrower or in another Guarantor, (ii) equity Investments of a Foreign
Subsidiary in any other Subsidiary and (iii) equity Investments of the Borrower or any
Subsidiary in the Receivables Subsidiary and Investments of the Receivables Subsidiary in
the Borrower or any Subsidiary, in each case, to the extent such Investments pursuant to
this clause (iii) are limited solely to the Receivables Subsidiary’s acquisition of
receivables and related assets in connection with the Receivables Facility and for
activities incidental to such acquisitions and the Receivables Subsidiary’s status as a
special purpose vehicle;

     (d) Investments consisting of extensions of credit in the nature of accounts receivable
or notes receivable arising from the grant of trade credit in the ordinary course of
business, and Investments received in satisfaction or partial satisfaction thereof from
financially troubled account debtors to the extent reasonably necessary in order to prevent
or limit loss;

     (e) Guarantees permitted by Section 8.03;

     (f) Investments existing on the Closing Date that are set forth on Schedule 8.02(f);

     (g) Investments by the Borrower or any Subsidiary in Swap Contracts permitted under
Section 8.03(a)(A) or Section 8.03(c)(D);

     (h) Investments consisting of intercompany debt permitted under Section 8.03(a)(B),
8.03(b)(A), 8.03(c)(F) or 8.03(d)(A); and

     (i) the purchase or other acquisition of all of the Equity Interests in, or all or
substantially all of the property and assets of, any Person that, upon the consummation
thereof, will be wholly owned directly by the Borrower or one or more of its wholly owned
Subsidiaries (including, without limitation, as a result of a merger or consolidation);
provided that, with respect to each purchase or other acquisition made pursuant to this
Section 8.02(i):

     (A) any such newly created or acquired Domestic Subsidiary that is a Material
Subsidiary shall comply with the requirements of Sections 7.12;

     (B) the lines of business of the Person to be (or the property and assets of
which are to be) so purchased or otherwise acquired shall not be substantially
different than the lines of business currently conducted by the Borrower and its
Subsidiaries or any business reasonably related or incidental thereto;

     (C) the total cash and noncash consideration (including, without limitation,
all indemnities, earnouts and other contingent payment obligations to, and the
aggregate amounts paid or to be paid under noncompete, consulting and other
affiliated agreements with, the sellers thereof, all write-downs of property and
assets and reserves for liabilities with respect thereto and all assumptions of
debt, liabilities and other obligations in connection therewith, but specifically
excluding (x) the fair market value of all Equity Interests issued or transferred to
the sellers thereof and (y) the Net Cash Proceeds from the issuance of any Equity
Interests of the Borrower on or after the Closing Date) paid by or on behalf of the
Borrower and its Subsidiaries for any such purchase or other acquisition, when
aggregated with the total cash and noncash consideration paid by or on behalf of the
Borrower and its Subsidiaries for all other purchases and other acquisitions made by
the Borrower and its Subsidiaries pursuant to this Section 8.02(i), shall
not exceed $200,000,000 in any fiscal year if after giving effect to such purchase
or other

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acquisition, the Borrower has a Debt Rating of less than BBB- by S&P and Baa3
by Moody’s, it being understood that the aggregate consideration limits in this
clause (C) shall not be applicable if, after giving effect to such purchase or other
acquisition, the Borrower has a Debt Rating of at least BBB- by S&P or at least Baa3
by Moody’s;

     (D) (1) immediately before and immediately after giving pro forma effect to any
such purchase or other acquisition, no Default or Event of Default shall have
occurred and be continuing and (2) if the total cash and noncash consideration paid
or to be paid for any such purchase or acquisition exceeds $50,000,000, the Borrower
shall have demonstrated compliance with the covenant set forth in Section
8.11(a) on a Pro Forma Basis after giving effect to such purchase or
acquisition; and

     (E) if the acquisition involves cash consideration in excess of $50,000,000,
the Borrower shall have delivered to the Co-Administrative Agents, on behalf of the
Lenders, at least five Business Days prior to the date on which any such purchase or
other acquisition is to be consummated, a certificate of a Responsible Officer, in
form and substance reasonably satisfactory to the Co-Administrative Agents,
certifying that all of the requirements set forth in this Section 8.02(i)
have been satisfied or will be satisfied on or prior to the consummation of such
purchase or other acquisition;

     (j) Investments by the Borrower and its Subsidiaries not otherwise permitted under this
Section 8.02 in Non-Guarantor Subsidiaries; provided that (1) no Default or Event of
Default under each of Section 9.01(a), (f) or (g) shall have
occurred and be continuing before and immediately after giving effect to any such Investment
and (2) if after giving effect to any such Investment, the aggregate amount of outstanding
Investments in Non-Guarantor Subsidiaries made subsequent to the Closing Date exceeds
$50,000,000, the Borrower and its Subsidiaries shall be in pro forma compliance with the
covenant set forth in Section 8.11(a) after giving effect to the making of any such
Investment;

     (k) (i) Investments by the Borrower and its Subsidiaries in joint ventures (other than
any Subsidiaries) existing on the Closing Date and (ii) Investments by the Borrower and its
Subsidiaries not otherwise permitted under this Section 8.02 in joint ventures
(other than any Subsidiaries); provided that (1) the aggregate amount of such Investments
outstanding during any fiscal year in such joint ventures made pursuant to this clause
(k)(ii) shall not exceed the applicable Joint Venture Limit for such fiscal year and (2) no
Default or Event of Default shall have occurred and be continuing before and immediately
after giving effect to any such Investment; provided further however that if the Borrower
has a Debt Rating of less than BBB- by S&P and Baa3 by Moody’s, the aggregate amount of
Investments made by the Borrower and its Subsidiaries in joint ventures pursuant to this
clause (k)(ii) shall also not exceed $100,000,000 in any fiscal year; and

     (l) other Investments not exceeding $25,000,000 in the aggregate in any fiscal year of
the Borrower.

8.03 Indebtedness.

     Create, incur, assume or suffer to exist any Indebtedness, except:

     (a) in the case of the Borrower,

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     (A) Indebtedness in respect of Swap Contracts designed to hedge against
fluctuations in interest rates or foreign exchange rates incurred in the ordinary
course of business and consistent with prudent business practice,

     (B) Indebtedness owed to a wholly-owned Subsidiary, which Indebtedness shall be
unsecured and subordinated on terms acceptable to the Co-Administrative Agents, and

     (C) unsecured Indebtedness owed to a Person other than a wholly-owned
Subsidiary;

     (b) in the case of the Guarantors,

     (A) Indebtedness owed to the Borrower or a wholly-owned Subsidiary, which
Indebtedness shall be unsecured and subordinated on terms acceptable to the
Co-Administrative Agents, and

     (B) unsecured Indebtedness owed to a Person other than the Borrower or a
wholly-owned Subsidiary;

     (c) in the case of the Borrower and its Subsidiaries,

     (A) Indebtedness under the Loan Documents;

     (B) Indebtedness outstanding on the Closing Date that is listed on Schedule
8.03 and any refinancings, refundings, renewals or extensions thereof; provided
that the amount of such Indebtedness is not increased at the time of such
refinancing, refunding, renewal or extension except by an amount equal to a
reasonable premium or other reasonable amount paid, and fees and expenses reasonably
incurred, in connection with such refinancing and by an amount equal to any existing
commitments unutilized thereunder, and the direct and contingent obligors therefor
shall not be changed, as a result of or in connection with such refinancing,
refunding, renewal or extension, unless such obligor is a Foreign Subsidiary, in
which case the obligor under such refinanced, refunded, renewed or extended
Indebtedness may be another Foreign Subsidiary; provided still further that the
terms relating to principal amount, amortization, maturity, collateral (if any) and
subordination (if any), and other material terms taken as a whole, of any such
extending, refunding or refinancing Indebtedness, and of any agreement entered into
and of any instrument issued in connection therewith, are no less favorable in any
material respect to the Loan Parties or the Lenders than the terms of any agreement
or instrument governing the Indebtedness being extended, refunded or refinanced and
the interest rate applicable to any such extending, refunding or refinancing
Indebtedness does not exceed the then applicable market interest rate;

     (C) Guarantees of the Borrower or any Guarantor (I) in respect of Indebtedness
(other than intercompany Indebtedness) otherwise permitted hereunder of the Borrower
or any other Guarantor, and (II) in respect of Indebtedness (other than intercompany
Indebtedness) otherwise permitted hereunder of a Foreign Subsidiary if such
Indebtedness was assumed by such Foreign Subsidiary from another Foreign Subsidiary
and to the extent such Indebtedness was guaranteed by the Borrower or any Guarantor;

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     (D) obligations (contingent or otherwise) of the Borrower or any Subsidiary
existing or arising under any Swap Contract, provided that (i) such obligations are
(or were) entered into by such Person in the ordinary course of business for the
purpose of directly mitigating risks associated with liabilities, commitments,
investments, assets, or property held or reasonably anticipated by such Person, or
changes in the value of securities issued by such Person, and not for purposes of
speculation or taking a “market view;” and (ii) such Swap Contract does not contain
any provision exonerating the non-defaulting party from its obligation to make
payments on outstanding transactions to the defaulting party;

     (E) Indebtedness in respect of capital leases, Synthetic Lease Obligations and
purchase money obligations for fixed or capital assets within the limitations set
forth in Section 8.01(h);

     (F) (i) Indebtedness incurred in connection with the sale of accounts
receivable and related assets pursuant to Section 8.05(g) so long as the
aggregate amount of Indebtedness relating thereto does not exceed $200,000,000 at
any time and (ii) Indebtedness of the Receivables Subsidiary to a Loan Party
incurred in connection with the Receivables Facility for the purchase of accounts
receivable and related assets;

     (G) secured Indebtedness so long as the amount thereof is within the
limitations set forth in Section 8.01(k); and

     (H) Indebtedness of a Person that becomes a Subsidiary of the Borrower as the
result of an Investment permitted by Section 8.02(i), provided that such
Indebtedness existed at the time such Person became a Subsidiary of the Borrower,
and such Indebtedness was not created in anticipation thereof; and

     (d) in the case of Non-Guarantor Subsidiaries,

     (A) Indebtedness owed to the Borrower or another Subsidiary that is otherwise
permitted to be made by the Borrower or such Subsidiary under Section
8.02(j); and

     (B) other unsecured Indebtedness in an aggregate amount not to exceed an amount
equal to 30% of Consolidated Net Worth at any one time outstanding.

8.04 Fundamental Changes.

     Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in
one transaction or in a series of transactions) all or substantially all of its assets (whether now
owned or hereafter acquired) to or in favor of any Person, except that, so long as no Default
exists or would result therefrom:

     (a) any Subsidiary may merge with (i) the Borrower, provided that the Borrower shall be
the continuing or surviving Person, or (ii) any one or more other Subsidiaries, provided
that when any Guarantor is merging with another Subsidiary, the Guarantor shall be the
continuing or surviving Person or the continuing or surviving Person shall promptly
thereafter become a Guarantor;

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     (b) any Subsidiary may Dispose of all or substantially all of its assets (upon
voluntary liquidation or otherwise) to the Borrower or to another Subsidiary; provided that
if the transferor in such a transaction is a Guarantor, then the transferee must either be
the Borrower or a Guarantor or the transferee shall promptly thereafter become a Guarantor;
and

     (c) in connection with any acquisition permitted under Section 8.02, any
Subsidiary of the Borrower may merge into or consolidate with any other Person or permit any
other Person to merge into or consolidate with it; provided that the Person surviving such
merger shall be a wholly owned Subsidiary of the Borrower;

provided, however, that in each case, immediately after giving effect thereto, in
the case of any such merger to which the Borrower is a party, the Borrower is the surviving
corporation.

8.05 Dispositions.

     Make any Disposition or enter into any agreement to make any Disposition, except:

     (a) Dispositions of obsolete or worn out property, whether now owned or hereafter
acquired, in the ordinary course of business;

     (b) Dispositions of inventory in the ordinary course of business;

     (c) Dispositions of equipment or real property to the extent that (i) such property is
exchanged for credit against the purchase price of similar replacement property or (ii) the
proceeds of such Disposition are reasonably promptly applied to the purchase price of such
replacement property;

     (d) Dispositions of property by any Subsidiary to the Borrower or to a wholly-owned
Subsidiary;

     (e) Dispositions permitted by Section 8.04;

     (f) Dispositions by the Borrower and its Subsidiaries not otherwise permitted under
this Section 8.05; provided that (i) at the time of such Disposition, no Default or
Event of Default shall exist or would result from such Disposition and (ii) if the net book
value of the assets sold, leased or otherwise disposed of in any such Disposition exceeds
$50,000,000, the Borrower shall have demonstrated compliance with the covenant set forth in
Section 8.11(a) on a Pro Forma Basis after giving effect to any such Disposition;

     (g) the limited recourse sale of accounts receivable and related assets in connection
with the securitization of accounts receivable or similar rights to payment, which sale is
non-recourse to the extent customary in securitizations and consistent with past practice
and which is, to the extent entered into after the Closing Date, upon terms and conditions
reasonably satisfactory to the Co-Administrative Agents (the “Receivables
Facility”);

     (h) Dispositions of cash or Cash Equivalents for purposes not otherwise prohibited
under this Agreement or under any other Loan Document; and

     (i) so long as no Default or Event of Default shall occur and be continuing, the grant
of any option or other right to purchase any asset in a transaction that would be permitted
under the provisions of Section 8.05(f);

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provided, however, that any Disposition pursuant to Section 8.05(a) through Section
8.05(h) shall be for fair value as determined by the Borrower or the applicable Subsidiary in
its reasonable business judgment.

8.06 Restricted Payments.

     Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation
(contingent or otherwise) to do so, or, except with respect to the Borrower, issue or sell any
Equity Interests to any Person other than the Borrower or a wholly owned Domestic Subsidiary or
accept any capital contributions, except that:

     (a) each Subsidiary may make Restricted Payments to the Borrower and to any other
Subsidiary; provided, however, that any Restricted Payment by a non-wholly-owned Subsidiary
shall be made to the Borrower, any Subsidiary and to each other owner of capital stock or
other Equity Interests of such Subsidiary on a pro rata basis based on their relative
ownership interests;

     (b) the Borrower and each Subsidiary may purchase, redeem or otherwise acquire shares
of its common stock or other common Equity Interests with the proceeds received from the
substantially concurrent issue of new shares of its common stock or other common Equity
Interests;

     (c) so long as no Default or Event of Default shall then exist or would result
therefrom, the Borrower may purchase, redeem or otherwise acquire shares of its capital
stock or warrants, rights or options to acquire any such shares for cash, in an aggregate
amount for all such purchases, redemptions and other acquisitions made under this clause (b)
on and after the date hereof not to exceed in any fiscal year an amount equal to 7.5% of
Consolidated Net Worth as of the fiscal quarter end immediately preceding the beginning of
such fiscal year; and

     (d) so long as no Default or Event of Default shall then exist or would result
therefrom, the Borrower may acquire common stock of the Borrower from employees or former
employees of the Borrower or any Subsidiary in consideration for the exercise of stock
options by such employees or former employees and any tax obligations incurred by such
employees or former employees in connection with such exercise; provided that no such
exercise shall cause the Borrower to make any cash payment to such employee or former
employee or any other Person; provided further that the fair market value of all such common
stock acquired by the Borrower shall not exceed $10,000,000 in any fiscal year.

8.07 Change in Nature of Business.

     Engage in any material line of business substantially different from those lines of business
conducted by the Borrower and its Subsidiaries on the date hereof or any business reasonably
related or incidental thereto.

8.08 Transactions with Affiliates.

     Enter into any transaction of any kind with any Affiliate of the Borrower, whether or not in
the ordinary course of business, other than on fair and reasonable terms substantially as favorable
to the Borrower or such Subsidiary as would be obtainable by the Borrower or such Subsidiary at the
time in a comparable arm’s length transaction with a Person other than an Affiliate, except (i)
transactions between or among the Borrower and its Subsidiaries in the ordinary course of business,
(ii) the transactions identified on Schedule 8.08, (iii) transactions relating to the Receivables
Facility and (iv) immaterial transactions with any officer or director of the Borrower or any
Subsidiary.

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8.09 Burdensome Agreements.

     Enter into or permit to exist any Contractual Obligation (other than this Agreement, any other
Loan Document or any agreement relating to the Receivables Facility) that (a) limits the ability
(i) of any Subsidiary to make Restricted Payments or dividend payments or other distributions to
the Borrower or any Guarantor or to otherwise transfer property to or invest in the Borrower or any
Guarantor, except for any agreement in effect (A) on the date hereof or (B) at the time any
Subsidiary becomes a Subsidiary of the Borrower, so long as such agreement was not entered into
solely in contemplation of such Person becoming a Subsidiary of the Borrower, (ii) of any
Subsidiary to Guarantee the Indebtedness of the Borrower, except for any document set forth on
Schedule 8.09, or (iii) of the Borrower or any Subsidiary to create, incur, assume or
suffer to exist Liens on property of such Person; provided, however, that this clause (iii) shall
not prohibit (x) any negative pledge incurred or provided in favor of any holder of Indebtedness
permitted under Section 8.03(c)(E) solely to the extent any such negative pledge relates to
the property financed by or the subject of such Indebtedness, (y) any provision contained in any
document listed on Schedule 8.09 that provides that in the event any Loan Party grants any
Lien on such Loan Party’s assets or properties to secure any Indebtedness, such Loan Party shall
secure such Indebtedness in respect of such document on an equal and ratable basis with such
Indebtedness, or (z) any negative pledge provision contained in any document listed on Schedule
8.09; or (b) requires the grant of a Lien to secure an obligation of such Person if a Lien is
granted to secure another obligation of such Person, other than any provision contained in any
document listed on Schedule 8.09 that provides that in the event any Loan Party grants any
Lien on such Loan Party’s assets or properties to secure any Indebtedness, such Loan Party shall
secure the Indebtedness in respect of such document on an equal and ratable basis with such
Indebtedness.

8.10 Use of Proceeds.

     Use the proceeds of any Credit Extension, whether directly or indirectly, and whether
immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of
Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying
margin stock or to refund Indebtedness originally incurred for such purpose in any manner that
would violate Regulation T, U, or X of the FRB.

8.11 Financial Covenants.

     (a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio at any time to be
greater than 3.0 to 1.0.

     Notwithstanding the foregoing, the Borrower shall have the right to elect to increase the
Consolidated Leverage Ratio permitted by this Section 8.11(a) to 3.25 to 1.0 for a period
of 180 days following the consummation of a Permitted Acquisition or any Investment in a joint
venture in accordance with Section 8.02(k)(ii) (the “Acquisition Adjustment
Period”) by providing written notice to the Co-Administrative Agents of such election on the
date of the consummation of such Permitted Acquisition or such Investment in a joint venture;
provided that (i) prior to and after giving effect to any such Permitted Acquisition or such
Investment in a joint venture, no Default or Event of Default shall exist and be continuing and
(ii) the Borrower shall only be permitted to increase the Consolidated Leverage Ratio to 3.25 to
1.0 pursuant to this Section 8.11(a) three times during the term of this Agreement.

     (b) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio at
any time to be less than or equal to 2.0 to 1.0.

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8.12 Amendments of Organization Documents.

     With respect to any Loan Party, amend any of its Organization Documents in a manner that could
reasonably be expected to have a Material Adverse Effect.

ARTICLE IX

EVENTS OF DEFAULT AND REMEDIES

9.01 Events of Default.

     Any of the following shall constitute an Event of Default:

     (a) Non-Payment. The Borrower fails to pay (i) when and as required to be paid
herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within five Business
Days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any
commitment or other fee due hereunder; or

     (b) Specific Covenants. The Borrower fails to perform or observe any term, covenant
or agreement contained in (i) any of Section 7.03, 7.05, 7.11 or
7.12, or Article VIII or (ii) any of Section 7.01(a) or (b) or
7.02(a) or (b) and such failure continues for 10 days after the earlier of the date
on which (i) a Responsible Officer of the Borrower has knowledge of such failure or (ii) notice is
given from the Paying Agent to the Borrower at the request of the Required Lenders that the
Borrower is to remedy the same; or

     (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or
agreement (not specified in Section 9.01(a) or 9.01(b)) contained in any Loan
Document on its part to be performed or observed and such failure continues for 30 days after the
earlier of the date on which (i) a Responsible Officer of the Borrower has knowledge of such
failure or (ii) notice is given from the Paying Agent to the Borrower at the request of the
Required Lenders that the Borrower is to remedy the same; or

     (d) Representations and Warranties. Any representation, warranty, certification or
statement of fact made or deemed made by or on behalf of the Borrower or any other Loan Party
herein, in any other Loan Document, or in any document delivered in connection herewith or
therewith shall be incorrect or misleading in any material respect when made or deemed made; or

     (e) Cross-Default. (i) Any Loan Party or any Subsidiary (A) fails to make any payment
when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise)
in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness
under Swap Contracts) having an aggregate principal amount (including undrawn committed or
available amounts and including amounts owing to all creditors under any combined or syndicated
credit arrangement) of more than the Threshold Amount, or (B) fails to observe or perform any other
agreement or condition relating to any such Indebtedness or Guarantee or contained in any
instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the
effect of which default or other event is to cause, or to permit the holder or holders of such
Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf
of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if
required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased
or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such
Indebtedness to be made, prior to its stated maturity, or such Guarantee to become payable or cash
collateral in respect thereof to be demanded; or (ii) there occurs under any Swap Contract an Early
Termination Date (as defined in such Swap Contract) resulting

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from (A) any event of default under such Swap Contract as to which the Borrower or any
Subsidiary is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event
(as defined in such Swap Contract) under such Swap Contract as to which the Borrower or any
Subsidiary is an Affected Party (as defined in such Swap Contract) and, in either event, the Swap
Termination Value owed by the Loan Party or such Subsidiary as a result thereof is greater than the
Threshold Amount; or

     (f) Insolvency Proceedings, Etc. Any Loan Party or any of its Material Subsidiaries
institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes
an assignment for the benefit of creditors; or applies for or consents to the appointment of any
receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or
for all or any material part of its property; or any receiver, trustee, custodian, conservator,
liquidator, rehabilitator or similar officer is appointed without the application or consent of
such Person and the appointment continues undischarged or unstayed for 60 calendar days; or any
proceeding under any Debtor Relief Law relating to any such Person or to all or any material part
of its property is instituted without the consent of such Person and continues undismissed or
unstayed for 60 calendar days, or an order for relief is entered in any such proceeding; or

     (g) Inability to Pay Debts; Attachment. (i) Any Loan Party or any of its Material
Subsidiaries becomes unable or admits in writing its inability or fails generally to pay its debts
as they become due, or (ii) any writ or warrant of attachment or execution or similar process is
issued or levied against all or any material part of the property of any such Person and is not
released, vacated or fully bonded within 30 days after its issue or levy; or

     (h) Judgments. There is entered against any Loan Party or any Material Subsidiary (i)
a final judgment or order for the payment of money in an aggregate amount exceeding the Threshold
Amount, or (ii) any one or more non-monetary final judgments that have, or could reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case,
there is a period of 45 consecutive days during which the same shall not have been paid,
discharged, vacated or stayed, by reason of a pending appeal or otherwise; or

     (i) ERISA. Except as is not reasonably expected to result in a Material Adverse
Effect: (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has
resulted or is reasonably expected to result in liability of the Borrower under Title IV of ERISA
to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of the
Threshold Amount, or (ii) the Borrower or any ERISA Affiliate fails to pay when due, after the
expiration of any applicable grace period, any installment payment with respect to its withdrawal
liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess
of the Threshold Amount; or

     (j) Invalidity of Loan Documents. Any provision of any Loan Document, at any time
after its execution and delivery and for any reason other than as expressly permitted hereunder or
thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect;
or any Loan Party or any other Person contests in any manner the validity or enforceability of any
provision of any Loan Document; or any Loan Party denies that it has any or further liability or
obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document;
or

     (k) Change of Control. There occurs any Change of Control.

9.02 Remedies upon Event of Default.

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

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

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

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

     (d) exercise on behalf of themselves, the other Agents and the Lenders all rights and
remedies available to them, the other Agents and the Lenders under the Loan Documents or
applicable Law;

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

9.03 Application of Funds.

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

     First, to payment of that portion of the Obligations constituting fees, indemnities,
expenses and other amounts (including Attorney Costs and amounts payable under Article III)
payable to the Agents in their capacities as such ratably among them in proportion to the amounts
described in this clause First payable to them;

     Second, to payment of that portion of the Obligations constituting fees, indemnities
and other amounts (other than principal and interest) payable to the Lenders (including Attorney
Costs and amounts payable under Article III), ratably among them in proportion to the
amounts described in this clause Second payable to them;

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

     Fourth, to payment of that portion of the Obligations constituting unpaid principal of
the Loans and L/C Borrowings, ratably among the Lenders in proportion to the respective amounts
described in this clause Fourth held by them;

     Fifth, to the Paying Agent for the account of the L/C Issuer, to Cash Collateralize
that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit;

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     Sixth, to the payment of all other Obligations of the Loan Parties owing under or in
respect of the Loan Documents that are due and payable to the Agents and the Lenders on such date,
ratably based upon the respective aggregate amounts of all such Obligations owing to the Agents and
the Lenders on such date; and

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

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

ARTICLE X

AGENTS

10.01 Appointment and Authorization of Agents.

     (a) Each Lender hereby irrevocably appoints, designates and authorizes each Agent to take such
action on its behalf under the provisions of this Agreement and each other Loan Document and to
exercise such powers and perform such duties as are expressly delegated to it by the terms of this
Agreement or any other Loan Document, together with such powers as are reasonably incidental
thereto. Notwithstanding any provision to the contrary contained elsewhere herein or in any other
Loan Document, no Agent shall have any duties or responsibilities, except those expressly set forth
herein, nor shall any Agent have or be deemed to have any fiduciary relationship with any Lender or
participant, and no implied covenants, functions, responsibilities, duties, obligations or
liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against
any Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent”
herein and in the other Loan Documents with reference to any Agent is not intended to connote any
fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable
Law. Instead, such term is used merely as a matter of market custom, and is intended to create or
reflect only an administrative relationship between independent contracting parties.

     (b) The L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit
issued (or deemed issued) by the L/C Issuer and the documents associated therewith, and the L/C
Issuer shall have all of the benefits and immunities (i) provided to the Agents in this Article X
with respect to any acts taken or omissions suffered by the L/C Issuer in connection with Letters
of Credit issued (or deemed issued) by it or proposed to be issued (or deemed issued) by it and the
applications and agreements for letters of credit pertaining to such Letters of Credit as fully as
if the term “Agent” as used in this Article X and in the definition of “Agent-Related Person”
included the L/C Issuer with respect to such acts or omissions, and (ii) as additionally provided
herein with respect to the L/C Issuer.

10.02 Delegation of Duties.

     Any Agent may execute any of its duties under this Agreement or any other Loan Document by or
through agents, employees or attorneys-in-fact and shall be entitled to advice of counsel and other
consultants or experts concerning all matters pertaining to such duties. No Agent shall be
responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in
the absence of gross negligence or willful misconduct.

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10.03 Liability of Agents.

     No Agent-Related Person shall (a) be liable for any action taken or omitted to be taken by any
of them under or in connection with this Agreement or any other Loan Document or the transactions
contemplated hereby (except for its own gross negligence or willful misconduct in connection with
its duties expressly set forth herein), or (b) be responsible in any manner to any Lender or
participant for any recital, statement, representation or warranty made by any Loan Party or any
officer thereof, contained herein or in any other Loan Document, or in any certificate, report,
statement or other document referred to or provided for in, or received by any Agent under or in
connection with, this Agreement or any other Loan Document, or the validity, effectiveness,
genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, or for any
failure of any Loan Party or any other party to any Loan Document to perform its obligations
hereunder or thereunder. No Agent-Related Person shall be under any obligation to any Lender or
participant to ascertain or to inquire as to the observance or performance of any of the agreements
contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the
properties, books or records of any Loan Party or any Affiliate thereof.

10.04 Reliance by Agents.

     (a) Each Agent shall be entitled to rely, and shall be fully protected in relying, upon any
writing, communication, signature, resolution, representation, notice, consent, certificate,
affidavit, letter, telegram, facsimile, telex or telephone message, electronic mail message,
statement or other document or conversation believed by it to be genuine and correct and to have
been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal
counsel (including counsel to any Loan Party), independent accountants and other experts selected
by such Agent. Each Agent shall be fully justified in failing or refusing to take any action under
any Loan Document unless it shall first receive such advice or concurrence of the Required Lenders
as it deems appropriate and, if it so requests, it shall first be indemnified to its satisfaction
by the Lenders against any and all liability and expense which may be incurred by it by reason of
taking or continuing to take any such action. Each Agent shall in all cases be fully protected in
acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance
with a request or consent of the Required Lenders (or such greater number of Lenders as may be
expressly required hereby in any instance) and such request and any action taken or failure to act
pursuant thereto shall be binding upon all the Lenders.

     (b) For purposes of determining compliance with the conditions specified in Section
5.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved
or accepted or to be satisfied with, each document or other matter required thereunder to be
consented to or approved by or acceptable or satisfactory to a Lender unless the Co-Administrative
Agents shall have received notice from such Lender prior to the proposed Closing Date specifying
its objection thereto.

10.05 Notice of Default.

     No Agent shall be deemed to have knowledge or notice of the occurrence of any Default, except
with respect to defaults in the payment of principal, interest and fees required to be paid to the
Paying Agent for the account of the Lenders, unless such Agent shall have received written notice
from a Lender or the Borrower referring to this Agreement, describing such Default and stating that
such notice is a “notice of default.” The applicable Agent will notify the Lenders of its receipt
of any such notice. The Co-Administrative Agents shall take such action with respect to such
Default as may be directed by the Required Lenders in accordance with Article IX; provided,
however, that unless and until the Co-Administrative Agents have received any such direction, the
Co-Administrative Agents may (but shall not be obligated to) take such action, or refrain from
taking such action, with respect to such Default as they shall deem advisable or in the best
interest of the Lenders.

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10.06 Credit Decision; Disclosure of Information by Agents.

     Each Lender acknowledges that no Agent-Related Person has made any representation or warranty
to it, and that no act by any Agent hereafter taken, including any consent to and acceptance of any
assignment or review of the affairs of any Loan Party or any Affiliate thereof, shall be deemed to
constitute any representation or warranty by any Agent-Related Person to any Lender as to any
matter, including whether Agent-Related Persons have disclosed material information in their
possession. Each Lender represents to each Agent that it has, independently and without reliance
upon any Agent-Related Person and based on such documents and information as it has deemed
appropriate, made its own appraisal of and investigation into the business, prospects, operations,
property, financial and other condition and creditworthiness of the Loan Parties and their
respective Subsidiaries, and all applicable bank or other regulatory Laws relating to the
transactions contemplated hereby, and made its own decision to enter into this Agreement and to
extend credit to the Borrower hereunder. Each Lender also represents that it will, independently
and without reliance upon any Agent-Related Person and based on such documents and information as
it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and
decisions in taking or not taking action under this Agreement and the other Loan Documents, and to
make such investigations as it deems necessary to inform itself as to the business, prospects,
operations, property, financial and other condition and creditworthiness of the Borrower and the
other Loan Parties. Except for notices, reports and other documents expressly required to be
furnished to the Lenders by any Agent herein, such Agent shall not have any duty or responsibility
to provide any Lender with any credit or other information concerning the business, prospects,
operations, property, financial and other condition or creditworthiness of any of the Loan Parties
or any of their respective Affiliates which may come into the possession of any Agent-Related
Person.

10.07 Indemnification of Agents.

     Whether or not the transactions contemplated hereby are consummated, the Lenders shall
indemnify upon demand each Agent-Related Person (to the extent not reimbursed by or on behalf of
any Loan Party and without limiting the obligation of any Loan Party to do so), pro rata, and hold
harmless each Agent-Related Person from and against any and all Indemnified Liabilities incurred by
it; provided, however, that no Lender shall be liable for the payment to any Agent-Related Person
of any portion of such Indemnified Liabilities to the extent determined in a final, nonappealable
judgment by a court of competent jurisdiction to have resulted from such Agent-Related Person’s own
gross negligence or willful misconduct; provided, however, that no action taken in accordance with
the directions of the Required Lenders shall be deemed to constitute gross negligence or willful
misconduct for purposes of this Section 10.07. In the case of any investigation,
litigation or proceeding giving rise to any Indemnified Liabilities, this Section 10.07
applies whether any such investigation, litigation or proceeding is brought by any Lender or any
other Person. Without limitation of the foregoing, each Lender shall reimburse each Agent upon
demand for its ratable share of any costs or out-of-pocket expenses (including Attorney Costs)
incurred by such Agent in connection with the preparation, execution, delivery, administration,
modification, amendment or enforcement (whether through negotiations, legal proceedings or
otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any
other Loan Document, or any document contemplated by or referred to herein, to the extent that such
Agent is not reimbursed for such expenses by or on behalf of the Borrower. The undertaking in this
Section 10.07 shall survive termination of the Aggregate Commitments, the payment of all
other Obligations and the resignation of such Agent.

10.08 Agents in Their Individual Capacities.

     Each of Bank of America and KeyBank and their respective Affiliates may make loans to, issue
letters of credit for the account of, accept deposits from, acquire Equity Interests in and
generally engage

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in any kind of banking, trust, financial advisory, underwriting or other business with each of
the Loan Parties and their respective Affiliates as though (i) Bank of America were not a
Co-Administrative Agent or (ii) KeyBank were not a Co-Administrative Agent, the Paying Agent or the
L/C Issuer, and without notice to or consent of the Lenders. The Lenders acknowledge that,
pursuant to such activities, each of Bank of America, KeyBank or their respective Affiliates may
receive information regarding any Loan Party or its Affiliates (including information that may be
subject to confidentiality obligations in favor of such Loan Party or such Affiliate) and
acknowledge that no Agent shall be under any obligation to provide such information to them. With
respect to its Loans, each of Bank of America, KeyBank and their respective Affiliates shall have
the same rights and powers under this Agreement as any other Lender and may exercise such rights
and powers as though it were not an Agent or the L/C Issuer, as the case may be, and the terms
“Lender” and “Lenders” include Bank of America, KeyBank and their respective Affiliates in their
individual capacities.

10.09 Successor Agents.

     Any Agent may resign as Agent upon 30 days’ notice to the Lenders; provided that any such
resignation by KeyBank shall also constitute its resignation as the L/C Issuer and Swing Line
Lender. If any Agent resigns under this Agreement, the Required Lenders shall appoint from among
the Lenders a successor agent for the Lenders, which successor agent shall be consented to by the
Borrower at all times other than during the existence of an Event of Default (which consent of the
Borrower shall not be unreasonably withheld or delayed). If no successor agent is appointed prior
to the effective date of the resignation of such Agent, such Agent may appoint, after consulting
with the Lenders and the Borrower, a successor agent from among the Lenders. Upon the acceptance
of its appointment as successor agent hereunder, the Person acting as such successor agent shall
succeed to all the rights, powers and duties of the retiring Agent and, if applicable, the L/C
Issuer and Swing Line Lender and the respective terms “Co-Administrative Agent”, “Paying Agent”,
“L/C Issuer” and “Swing Line Lender”, as applicable, shall mean such successor agent, Letter of
Credit issuer and swing line lender, the retiring Agent’s appointment, powers and duties as Agent
shall be terminated and the retiring L/C Issuer’s and Swing Line Lender’s rights, powers and duties
as such shall be terminated, without any other or further act or deed on the part of such retiring
L/C Issuer or Swing Line Lender or any other Lender, other than the obligation of the successor L/C
Issuer to issue letters of credit in substitution for the Letters of Credit, if any, outstanding at
the time of such succession or to make other arrangements satisfactory to the retiring L/C Issuer
to effectively assume the obligations of the retiring L/C Issuer with respect to such Letters of
Credit. After any retiring Agent’s resignation hereunder as Agent, the provisions of this Article
X and Sections 11.04 and 11.05 shall inure to its benefit as to any actions taken
or omitted to be taken by it while it was an Agent under this Agreement. If no successor agent has
accepted appointment as Agent by the date which is 30 days following a retiring Agent’s notice of
resignation, the retiring Agent’s resignation shall nevertheless thereupon become effective and the
Lenders shall perform all of the duties of such Agent hereunder until such time, if any, as the
Required Lenders appoint a successor agent as provided for above. Upon the acceptance of any
appointment as Agent hereunder by a successor, such successor Agent shall thereupon succeed to and
become vested with all the rights, powers, discretion, privileges, and duties of the retiring
Agent, and the retiring Agent shall be discharged from its duties and obligations under the Loan
Documents. After any retiring Agent’s resignation hereunder as an Agent, the provisions of this
Article X shall continue in effect for its benefit in respect of any actions taken or omitted to be
taken by it while it was acting as an Agent.

10.10 Co-Administrative Agents May File Proofs of Claim.

     In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any
Loan Party, the Co-Administrative Agents (irrespective of whether the principal of any Loan or L/C
Obligation shall then be

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due and payable as herein expressed or by declaration or otherwise and irrespective of whether
the Co-Administrative Agents shall have made any demand on the Borrower) shall be entitled and
empowered, by intervention in such proceeding or otherwise

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

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

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender to make such payments to the
Paying Agent and, in the event that the Paying Agent shall consent to the making of such payments
directly to the Lenders, to pay to the Paying Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of the Agents and their respective agents and counsel, and any
other amounts due the Agents under Sections 2.09 and 11.04.

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

10.11 Guaranty Matters.

     The Lenders irrevocably authorize the Co-Administrative Agents, at their option and in their
discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases
to be a Subsidiary as a result of a transaction permitted hereunder.

     Upon request by the Co-Administrative Agents at any time, the Required Lenders will confirm in
writing the Co-Administrative Agents’ authority to release any Guarantor from its obligations under
the Guaranties pursuant to this Section 10.11. In each case as specified in this
Section 10.11, the Co-Administrative Agents will, at the Borrower’s expense, execute and
deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to
release such Guarantor from its obligations under the Guaranty in accordance with the terms of the
Loan Documents and this Section 10.11.

10.12 Other Agents; Arrangers and Managers.

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

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ARTICLE XI

MISCELLANEOUS

11.01 Amendments, Etc.

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

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

     (b) postpone any date scheduled for any payment of principal or interest under
Section 2.07 or 2.08, or any date fixed for the payment of fees or other
amounts due to the Lenders (or any of them) hereunder or under any other Loan Document
without the written consent of each Lender directly affected thereby;

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

     (d) change any provision of this Section 11.01 or the definition of “Required
Lenders” or any other provision hereof specifying the number or percentage of Lenders
required to amend, waive or otherwise modify any rights hereunder or make any determination
or grant any consent hereunder, without the written consent of each Lender;

     (e) release all or substantially all the Guarantors, from its or their obligations
under the Loan Documents without the written consent of each Lender;

     (f) amend Section 2.13 or 9.03, without the written consent of each
Lender directly affected thereby; or

     (g) amend the definition of “Committed Currencies” without the written consent of each
Lender;

and provided further that (i) no amendment, waiver or consent shall, unless in writing and signed
by the L/C Issuer in addition to the Lenders required above, affect the rights or duties of the L/C
Issuer under this Agreement or any Letter of Credit Application relating to any Letter of Credit
issued, deemed issued, or to be issued by the L/C Issuer; (ii) no amendment, waiver or consent
shall, unless in writing and signed by the Swing Line Lender in addition to the Lenders required
above, affect the rights or duties of the Swing Line Lender under this Agreement; (iii) no
amendment, waiver or consent shall, unless in writing and signed by an Agent in addition to the
Lenders required above, affect the rights or duties of, or any fees or other amounts payable to,
such Agent under this Agreement or any other Loan Document; (iv) Section 11.07(h) may not
be amended, waived or otherwise modified without the consent of each

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Granting Lender all or any part of whose Loans are being funded by an SPC at the time of such
amendment, waiver or other modification; and (v) the Bank of America Fee Letter and KeyBank Fee
Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the
parties thereto. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have
any right to approve or disapprove any amendment, waiver or consent hereunder, except that the
Commitment of such Lender may not be increased or extended without the consent of such Lender.

11.02 Notices and Other Communications; Facsimile Copies.

     (a) General. Unless otherwise expressly provided herein, all notices and other
communications provided for hereunder or in any other Loan Document shall be in writing (including
by facsimile transmission). All such written notices shall be mailed, faxed or delivered to the
applicable address, facsimile number or (subject to Section 11.02(c)) electronic mail
address, and all notices and other communications expressly permitted hereunder to be given by
telephone shall be made to the applicable telephone number, as follows:

     (i) if to the Borrower, any Agent, the L/C Issuer or the Swing Line Lender, to the
address, facsimile number, electronic mail address or telephone number specified for such
Person on Schedule 11.02 or to such other address, facsimile number, electronic mail address
or telephone number as shall be designated by such party in a notice to the other parties;
and

     (ii) if to any other Lender, to the address, facsimile number, electronic mail address
or telephone number specified in its Administrative Questionnaire or to such other address,
facsimile number, electronic mail address or telephone number as shall be designated by such
party in a notice to the Borrower, the Agents, the L/C Issuer and the Swing Line Lender.

All such notices and other communications shall be deemed to be given or made upon the earlier to
occur of (i) actual receipt by the relevant party hereto and (ii) (A) if delivered by hand or by
courier, when signed for by or on behalf of the relevant party hereto; (B) if delivered by mail,
four Business Days after deposit in the mails, postage prepaid; (C) if delivered by facsimile, when
sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail (which
form of delivery is subject to the provisions of Section 11.02(c)), when delivered;
provided, however, that notices and other communications to the Agents, the L/C Issuer and the
Swing Line Lender pursuant to Article II shall not be effective until actually received by such
Person. In no event shall a voicemail message be effective as a notice, communication or
confirmation hereunder.

     (b) Effectiveness of Facsimile Documents and Signatures. Loan Documents may be transmitted
and/or signed by facsimile. The effectiveness of any such documents and signatures shall, subject
to applicable Law, have the same force and effect as manually-signed originals and shall be binding
on all Loan Parties, the Agents and the Lenders. The Agents may also require that any such
documents and signatures be confirmed by a manually-signed original thereof; provided, however,
that the failure to request or deliver the same shall not limit the effectiveness of any facsimile
document or signature.

     (c) Limited Use of Electronic Mail. Electronic mail and Internet and intranet websites may be
used only to distribute routine communications, such as financial statements and other information
as provided in Section 7.02, and to distribute Loan Documents for execution by the parties
thereto, and may not be used for any other purpose.

     (d) Reliance by Agents and Lenders. The Agents and the Lenders shall be entitled to rely and
act upon any notices (including telephonic Committed Loan Notices and Swing Line Loan Notices)

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purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a
manner specified herein, were incomplete or were not preceded or followed by any other form of
notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any
confirmation thereof. The Borrower shall indemnify each Agent-Related Person and each Lender from
all losses, costs, expenses and liabilities resulting from the reliance by such Person on each
notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other
communications with any Agent may be recorded by such Agent, and each of the parties hereto hereby
consents to such recording.

11.03 No Waiver; Cumulative Remedies.

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

11.04 Attorney Costs, Expenses and Taxes.

     The Borrower agrees (a) to pay or reimburse each Agent for all reasonable costs and expenses
incurred in connection with the development, preparation, negotiation, syndication and execution of
this Agreement and the other Loan Documents, and any amendment, waiver, consent or other
modification of the provisions hereof and thereof (whether or not the transactions contemplated
hereby or thereby are consummated), and the consummation and administration of the transactions
contemplated hereby and thereby, including all Attorney Costs incurred by such Agents, and (b) to
pay or reimburse each Agent and each Lender for all reasonable costs and expenses incurred in
connection with the enforcement of any rights or remedies under this Agreement or the other Loan
Documents (including all such costs and expenses incurred during any legal proceeding, including
any proceeding under any Debtor Relief Law), including all Attorney Costs incurred by each Agent
and each Lender. The foregoing costs and expenses shall include all search, filing, recording,
title insurance and appraisal charges and fees and taxes related thereto, and other out-of-pocket
expenses incurred by the Co-Administrative Agents and the cost of independent public accountants
and other outside experts retained by the Co-Administrative Agents or any Lender. All amounts due
under this Section 11.04 shall be payable within 30 days after demand therefor, which
demand shall be accompanied by an appropriate invoice. The agreements in this Section
11.04 shall survive the termination of the Aggregate Commitments and repayment of all other
Obligations. If any Loan Party fails to pay when due any costs, expenses or other amounts payable
by it hereunder or under any Loan Document, including, without limitation, Attorney Costs and
indemnities, such amount may be paid on behalf of such Loan Party by any Agent or any Lender, in
its sole discretion.

11.05 Indemnification by the Borrower.

     Whether or not the transactions contemplated hereby are consummated, the Borrower shall
indemnify and hold harmless each Agent-Related Person, each Lender and their respective Affiliates,
directors, officers, employees, counsel, agents and attorneys-in-fact (collectively the
“Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties,
claims, demands, actions, judgments, suits, costs, expenses and disbursements (including Attorney
Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by or
asserted against any such Indemnitee in any way relating to or arising out of or in connection with
(a) the execution, delivery, enforcement, performance or administration of any Loan Document or any
other agreement, letter or instrument delivered in connection with the transactions contemplated
thereby or the consummation of the

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transactions contemplated thereby, (b) any Commitment, Loan or Letter of Credit or the use or
proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand
for payment under a Letter of Credit issued (or deemed issued) by the L/C Issuer if the documents
presented in connection with such demand do not strictly comply with the terms of such Letter of
Credit), (c) any actual or alleged presence or release of Hazardous Materials on or from any
property currently or formerly owned or operated by the Borrower, any Subsidiary or any other Loan
Party, or any Environmental Liability related in any way to the Borrower, any Subsidiary or any
other Loan Party, or (d) any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing, whether based on contract, tort or any other theory (including
any investigation of, preparation for, or defense of any pending or threatened claim,
investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party
thereto (all the foregoing, collectively, the “Indemnified Liabilities”), in all cases, whether or
not caused by or arising, in whole or in part, out of the negligence of the Indemnitee; provided
that such indemnity shall not, as to any Indemnitee, be available to the extent that such
liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits,
costs, expenses or disbursements are determined by a court of competent jurisdiction by final and
nonappealable judgment to have resulted from the gross negligence or willful misconduct of such
Indemnitee. No Indemnitee shall be liable for any damages arising from the use by others of any
information or other materials obtained through IntraLinks or other similar information
transmission systems in connection with this Agreement, nor shall any Indemnitee have any liability
for any indirect or consequential damages relating to this Agreement or any other Loan Document or
arising out of its activities in connection herewith or therewith (whether before or after the
Closing Date). In the case of an investigation, litigation or other proceeding to which the
indemnity in this Section 11.05 applies, such indemnity shall be effective whether or not
such investigation, litigation or proceeding is brought by any Loan Party, its directors,
shareholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is
otherwise a party thereto and whether or not any of the transactions contemplated hereunder or
under any of the other Loan Documents is consummated. All amounts due under this Section
11.05 shall be payable within 30 days after demand therefor, which demand shall be accompanied
by an appropriate invoice. The agreements in this Section 11.05 shall survive the
resignation of any Agent, the replacement of any Lender, the termination of the Aggregate
Commitments and the repayment, satisfaction or discharge of all the other Obligations.

11.06 Payments Set Aside.

     To the extent that any payment by or on behalf of the Borrower is made to any Agent or any
Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds
of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or
preferential, set aside or required (including pursuant to any settlement entered into by such
Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in
connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of
such recovery, the obligation or part thereof originally intended to be satisfied shall be revived
and continued in full force and effect as if such payment had not been made or such setoff had not
occurred, and (b) each Lender severally agrees to pay to the Paying Agent upon demand its
applicable share of any amount so recovered from or repaid by any Agent, plus interest thereon from
the date of such demand to the date such payment is made at a rate per annum equal to the Federal
Funds Rate from time to time in effect.

11.07 Successors and Assigns.

     (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that the
Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without
the prior written consent of each Lender and no Lender may assign or otherwise transfer any of its
rights or obligations hereunder

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except (i) to an Eligible Assignee in accordance with the provisions of Section
11.07(b), (ii) by way of participation in accordance with the provisions of Section
11.07(d), (iii) by way of pledge or assignment of a security interest subject to the
restrictions of Section 11.07(f) or 11.07(i), or (iv) to an SPC in accordance with
the provisions of Section 11.07(h) (and any other attempted assignment or transfer by any
party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and
assigns permitted hereby, Participants to the extent provided in Section 11.07(d) and, to
the extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or
claim under or by reason of this Agreement.

     (b) Any Lender may at any time assign to one or more Eligible Assignees all or a portion of
its rights and obligations under this Agreement (including all or a portion of its Commitment and
the Loans (including for purposes of this Section 11.07(b), participations in L/C
Obligations and in Swing Line Loans) at the time owing to it); provided that (i) except in the case
of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans
at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or
an Approved Fund with respect to a Lender, the aggregate amount of the Commitment (which for this
purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then in
effect, the principal outstanding balance of the Loan of the assigning Lender subject to each such
assignment, determined as of the date the Assignment and Assumption with respect to such assignment
is delivered to the Paying Agent or, if “Trade Date” is specified in the Assignment and Assumption,
as of the Trade Date, shall not be less than $10,000,000, unless each of the Paying Agent and, so
long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each
such consent not to be unreasonably withheld or delayed); (ii) each partial assignment shall be
made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations
under this Agreement with respect to the Loans or the Commitment assigned, except that this clause
(ii) shall not apply to rights in respect of Swing Line Loans; (iii) any assignment of a Commitment
must be approved by the Paying Agent, the L/C Issuer and the Swing Line Lender unless the Person
that is the proposed assignee is itself a Lender, which approval shall not be unreasonably withheld
or denied (whether or not the proposed assignee would otherwise qualify as an Eligible Assignee);
and (iv) the parties to each assignment shall execute and deliver to the Paying Agent an Assignment
and Assumption, together with a processing and recordation fee of $3,500. Subject to acceptance
and recording thereof by the Paying Agent pursuant to Section 11.07(c), from and after the
effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall
be a party to this Agreement and, to the extent of the interest assigned by such Assignment and
Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning
Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption,
be released from its obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such
Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of
Sections 3.01, 3.04, 3.05, 11.04 and 11.05 with respect to
facts and circumstances occurring prior to the effective date of such assignment). Upon request,
the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any
assignment or transfer by a Lender of rights or obligations under this Agreement that does not
comply with this Section 11.07(b) 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
11.07(d).

     (c) The Paying Agent, acting solely for this purpose as an agent of the Borrower, shall
maintain at the Paying Agent’s Office a copy of each Assignment and Assumption delivered to it and
a register for the recordation of the names and addresses of the Lenders, and the Commitments of,
and principal amounts of the Loans and L/C Obligations owing to, each Lender pursuant to the terms
hereof from time to time (the “Register”). The entries in the Register shall be
conclusive, and the Borrower, the Agents and the Lenders may treat each Person whose name is
recorded in the Register pursuant to the

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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, any Agent and any
Lender, at any reasonable time and from time to time upon reasonable prior notice.

     (d) Any Lender may at any time, without the consent of, or notice to, the Borrower or the
Paying Agent, sell participations to any Person (other than a natural person or the Borrower or any
of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion
of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its
Commitment and/or the Loans (including such Lender’s participations in L/C Obligations and/or Swing
Line Loans) owing to it); provided that (i) such Lender’s obligations under this Agreement shall
remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations and (iii) the Borrower, the Agents and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells
such a participation shall provide that such Lender shall retain the sole right to enforce this
Agreement and to approve any amendment, modification or waiver of any provision of this Agreement;
provided that such agreement or instrument may provide that such Lender will not, without the
consent of the Participant, agree to any amendment, waiver or other modification described in the
first proviso to Section 11.01 that directly affects such Participant. Subject to
Section 11.07(e), the Borrower agrees that each Participant shall be entitled to the
benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a
Lender and had acquired its interest by assignment pursuant to Section 11.07(b). To the
extent permitted by law, each Participant also shall be entitled to the benefits of Section
11.09 as though it were a Lender, provided such Participant agrees to be subject to Section
2.13 as though it were a Lender.

     (e) A Participant shall not be entitled to receive any greater payment under Section 3.01 or
3.04 than the applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, unless the sale of the participation to such Participant is
made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it
were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is
notified of the participation sold to such Participant and such Participant agrees, for the benefit
of the Borrower, to comply with Section 11.15 as though it were a Lender.

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

     (g) As used herein, the following terms have the following meanings:

     “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an
Approved Fund; and (d) any other Person (other than a natural person) approved by (i) the
Paying Agent, (ii) in the case of any assignment of a Commitment, the L/C Issuer and the
Swing Line Lender, and (iii) unless an Event of Default has occurred and is continuing, the
Borrower (each such approval not to be unreasonably withheld or delayed); provided that
notwithstanding the foregoing, “Eligible Assignee” shall not include the Borrower or
any of the Borrower’s Affiliates or Subsidiaries or any Person if a payment hereunder to
such Person would be subject to withholding under the Code, as the Code is in effect on the
date on which such Person is proposed to become a Lender hereunder.

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     “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.

     “Approved Fund” means any Fund that is administered or managed by (a) a Lender,
(b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers
or manages a Lender.

     (h) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting
Lender”) may grant to a special purpose funding vehicle identified as such in writing from time
to time by the Granting Lender to the Paying Agent and the Borrower (an “SPC”) the option to
provide all or any part of any Loan that such Granting Lender would otherwise be obligated to make
pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any
SPC to fund any Loan, and (ii) if an SPC elects not to exercise such option or otherwise fails to
make all or any part of such Loan, the Granting Lender shall be obligated to make such Loan
pursuant to the terms hereof. Each party hereto hereby agrees that (i) neither the grant to any
SPC nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise
increase or change the obligations of the Borrower under this Agreement (including its obligations
under Section 3.04), (ii) no SPC shall be liable for any indemnity or similar payment
obligation under this Agreement for which a Lender would be liable, and (iii) the Granting Lender
shall for all purposes, including the approval of any amendment, waiver or other modification of
any provision of any Loan Document, remain the lender of record hereunder. The making of a Loan by
an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if,
such Loan were made by such Granting Lender. In furtherance of the foregoing, each party hereto
hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the
date that is one year and one day after the payment in full of all outstanding commercial paper or
other senior debt of any SPC, it will not institute against, or join any other Person in
instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency, or
liquidation proceeding under the Laws of the United States or any State thereof. Notwithstanding
anything to the contrary contained herein, any SPC may (i) with notice to, but without prior
consent of the Borrower and the Paying Agent and with the payment of a processing fee of $3,500,
assign all or any portion of its right to receive payment with respect to any Loan to the Granting
Lender and (ii) disclose on a confidential basis any non-public information relating to its funding
of Loans to any rating agency, commercial paper dealer or provider of any surety or Guarantee or
credit or liquidity enhancement to such SPC.

     (i) Notwithstanding anything to the contrary contained herein, any Lender that is a Fund may
create a security interest in all or any portion of the Loans owing to it and the Note, if any,
held by it to the trustee for holders of obligations owed, or securities issued, by such Fund as
security for such obligations or securities, provided that unless and until such trustee actually
becomes a Lender in compliance with the other provisions of this Section 11.07, (i) no such
pledge shall release the pledging Lender from any of its obligations under the Loan Documents and
(ii) such trustee shall not be entitled to exercise any of the rights of a Lender under the Loan
Documents even though such trustee may have acquired ownership rights with respect to the pledged
interest through foreclosure or otherwise.

     (j) Notwithstanding anything to the contrary contained herein, if at any time KeyBank assigns
all of its Commitments and Loans pursuant to Section 11.07(b), KeyBank may, upon 30 days’
notice to the Borrower and the Lenders, resign as the L/C Issuer and as Swing Line Lender. In the
event of any such resignation as the L/C Issuer or Swing Line Lender, the Borrower shall be
entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender hereunder;
provided, however, that no failure by the Borrower to appoint any such successor shall affect the
resignation of KeyBank as Swing Line Lender; provided further, however, that KeyBank shall not be
released from its obligations as the L/C Issuer hereunder unless and until another Lender assumes
all such obligations. If KeyBank

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resigns as the L/C Issuer, it shall retain all the rights and obligations of the L/C Issuer
hereunder with respect to all Letters of Credit issued by it and outstanding as of the effective
date of its resignation as the L/C Issuer and all L/C Obligations with respect thereto (including
the right to require the Lenders to make Base Rate Loans or fund risk participations in
Unreimbursed Amounts pursuant to Section 2.03(c)). If KeyBank resigns as Swing Line
Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect
to Swing Line Loans made by it and outstanding as of the effective date of such resignation,
including the right to require the Lenders to make Base Rate Loans or fund risk participations in
outstanding Swing Line Loans pursuant to Section 2.04(c).

11.08 Confidentiality.

     Each of the Agents and the Lenders agrees to maintain the confidentiality of the Information,
except that Information may be disclosed (a) to its and its Affiliates’ directors, officers,
employees and agents, including accountants, legal counsel and other advisors (it being understood
that the Persons to whom such disclosure is made will be informed of the confidential nature of
such Information and instructed to keep such Information confidential); (b) to the extent requested
by any regulatory authority; (c) to the extent required by applicable Laws or regulations or by any
subpoena or similar legal process; (d) to any other party to this Agreement; (e) in connection with
the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement
or the enforcement of rights hereunder; (f) to (i) any Eligible Assignee of or Participant in, or
any prospective Eligible Assignee of or Participant in, any of its rights or obligations under this
Agreement or (ii) any direct or indirect contractual counterparty or prospective counterparty (or
such contractual counterparty’s or prospective counterparty’s professional advisor) to any credit
derivative transaction relating to obligations of the Loan Parties; (g) with the consent of the
Borrower; (h) to the extent such Information (i) becomes publicly available other than as a result
of a breach of this Section 11.08 or (ii) becomes available to any Agent or any Lender on a
nonconfidential basis from a source other than the Borrower; (i) to any state, Federal or foreign
authority or examiner (including the National Association of Insurance Commissioners or any other
similar organization) regulating any Lender; or (j) to any rating agency when required by it (it
being understood that, prior to any such disclosure, such rating agency shall undertake to preserve
the confidentiality of any Information relating to the Loan Parties received by it from such
Lender). In addition, the Agents and the Lenders may disclose the existence of this Agreement and
information about this Agreement to market data collectors, similar service providers to the
lending industry, and service providers to the Agents and the Lenders in connection with the
administration and management of this Agreement, the other Loan Documents, the Commitments, and the
Credit Extensions. For the purposes of this Section 11.08, “Information” means all
information received from any Loan Party relating to any Loan Party or its business, other than any
such information that is available to any Agent or any Lender on a nonconfidential basis prior to
disclosure by any Loan Party. Any Person required to maintain the confidentiality of Information
as provided in this Section 11.08 shall be considered to have complied with its obligation
to do so if such Person has exercised the same degree of care to maintain the confidentiality of
such Information as such Person would accord to its own confidential information.

11.09 Setoff.

     In addition to any rights and remedies of the Lenders provided by law, upon the occurrence and
during the continuance of any Event of Default, each Lender and each of their respective Affiliates
is authorized at any time and from time to time, without prior notice to the Borrower or any other
Loan Party, any such notice being waived by the Borrower (on its own behalf and on behalf of each
Loan Party) to the fullest extent permitted by law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final) at any time held by, and other
Indebtedness at any time owing by, such Lender to or for the credit or the account of the
respective Loan Parties against any and all Obligations owing to such Lender hereunder or under any
other Loan Document, now or hereafter

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existing, irrespective of whether or not such Agent or such Lender shall have made demand
under this Agreement or any other Loan Document and although such Obligations may be contingent or
unmatured or denominated in a currency different from that of the applicable deposit or
Indebtedness. Each Lender agrees promptly to notify the Borrower and the Paying Agent after any
such setoff and application made by such Lender; provided, however, that the failure to give such
notice shall not affect the validity of such setoff and application. The rights of each Agent and
each Lender and their respective Affiliates under this Section 11.09 are in addition to
other rights and remedies (including, without limitation, other rights of setoff) that such Agent,
such Lender and their respective Affiliates may have.

11.10 Interest Rate Limitation.

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

11.11 Counterparts.

     This Agreement and each other Loan Document may be executed in one or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and the same
instrument. Delivery by telecopier of an executed counterpart of a signature page to this
Agreement and each other Loan Document shall be effective as delivery of an original executed
counterpart of this Agreement and such other Loan Document. The Co-Administrative Agents may also
require that any such documents and signatures delivered by telecopier be confirmed by a
manually-signed original thereof; provided that the failure to request or deliver the same shall
not limit the effectiveness of any document or signature delivered by telecopier.

11.12 Integration.

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

11.13 Survival of Representations and Warranties.

     All representations and warranties made hereunder and in any other Loan Document or other
document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive
the execution and delivery hereof and thereof. Such representations and warranties have been or
will be relied upon by each Agent and each Lender, regardless of any investigation made by any
Agent or any Lender or on their behalf and notwithstanding that any Agent or any Lender may have
had notice or

86

 

knowledge of any Default at the time of any Credit Extension, and shall continue in full force
and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied
or any Letter of Credit shall remain outstanding.

11.14 Severability.

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

11.15 Tax Forms.

     (a) (i) Each Lender that is not a “United States person” within the meaning of Section
7701(a)(30) of the Code (a “Foreign Lender”) shall deliver to the Paying Agent, prior to receipt of
any payment subject to withholding under the Code (or upon accepting an assignment of an interest
herein), two duly signed completed copies of either IRS Form W-8BEN or any successor thereto
(relating to such Foreign Lender and entitling it to an exemption from, or reduction of,
withholding tax on all payments to be made to such Foreign Lender by the Borrower pursuant to this
Agreement) or IRS Form W-8ECI or any successor thereto (relating to all payments to be made to such
Foreign Lender by the Borrower pursuant to this Agreement) or such other evidence satisfactory to
the Borrower and the Paying Agent that such Foreign Lender is entitled to an exemption from, or
reduction of, U.S. withholding tax, including any exemption pursuant to Section 881(c) of the Code.
Thereafter and from time to time, each such Foreign Lender shall (A) promptly submit to the Paying
Agent such additional duly completed and signed copies of one of such forms (or such successor
forms as shall be adopted from time to time by the relevant United States taxing authorities) as
may then be available under then current United States laws and regulations to avoid, or such
evidence as is satisfactory to the Borrower and the Paying Agent of any available exemption from or
reduction of, United States withholding taxes in respect of all payments to be made to such Foreign
Lender by the Borrower pursuant to this Agreement, (B) promptly notify the Paying Agent of any
change in circumstances which would modify or render invalid any claimed exemption or reduction,
and (C) take such steps as shall not be materially disadvantageous to it, in the reasonable
judgment of such Lender, and as may be reasonably necessary (including the re-designation of its
Lending Office) to avoid any requirement of applicable Laws that the Borrower make any deduction or
withholding for taxes from amounts payable to such Foreign Lender.

     (ii) Each Foreign Lender, to the extent it does not act or ceases to act for its own
account with respect to any portion of any sums paid or payable to such Lender under any of
the Loan Documents (for example, in the case of a typical participation by such Lender),
shall deliver to the Paying Agent on the date when such Foreign Lender ceases to act for its
own account with respect to any portion of any such sums paid or payable, and at such other
times as may be necessary in the determination of the Paying Agent (in the reasonable
exercise of its discretion), (A) two duly signed completed copies of the forms or statements
required to be provided by such Lender as set forth above, to establish the portion of any
such sums paid or payable with respect to which such Lender acts for its own account that is
not subject to U.S. withholding tax, and (B) two duly signed completed copies of IRS Form
W-8IMY (or any successor thereto), together with any information such Lender chooses to
transmit with such form, and any other certificate or statement of exemption required under
the Code, to establish that such Lender is not acting for its own account with respect to a
portion of any such sums payable to such Lender.

87

 

     (iii) The Borrower shall not be required to pay any additional amount to any Foreign
Lender under Section 3.01 (A) with respect to any Taxes required to be deducted or
withheld on the basis of the information, certificates or statements of exemption such
Lender transmits with an IRS Form W-8IMY pursuant to this Section 11.15(a) or (B) if
such Lender shall have failed to satisfy the foregoing provisions of this Section
11.15(a); provided that if such Lender shall have satisfied the requirement of this
Section 11.15(a) on the date such Lender became a Lender or ceased to act for its
own account with respect to any payment under any of the Loan Documents, nothing in this
Section 11.15(a) shall relieve the Borrower of its obligation to pay any amounts
pursuant to Section 3.01 in the event that, as a result of any change in any
applicable Law, treaty or governmental rule, regulation or order, or any change in the
interpretation, administration or application thereof, such Lender is no longer properly
entitled to deliver forms, certificates or other evidence at a subsequent date establishing
the fact that such Lender or other Person for the account of which such Lender receives any
sums payable under any of the Loan Documents is not subject to withholding or is subject to
withholding at a reduced rate.

     (iv) The Paying Agent may, without reduction, withhold any Taxes required to be
deducted and withheld from any payment under any of the Loan Documents with respect to which
the Borrower is not required to pay additional amounts under this Section 11.15(a).

     (b) Upon the request of the Paying Agent, each Lender that is a “United States person” within
the meaning of Section 7701(a)(30) of the Code shall deliver to the Paying Agent two duly signed
completed copies of IRS Form W-9. If such Lender fails to deliver such forms, then the Paying
Agent may withhold from any interest payment to such Lender an amount equivalent to the applicable
back-up withholding tax imposed by the Code, without reduction.

     (c) If any Governmental Authority asserts that the Paying Agent did not properly withhold or
backup withhold, as the case may be, any tax or other amount from payments made to or for the
account of any Lender, such Lender shall indemnify the Paying Agent therefor, including all
penalties and interest, any taxes imposed by any jurisdiction on the amounts payable to the Paying
Agent under this Section 11.15, and costs and expenses (including Attorney Costs) of the
Paying Agent. The obligation of the Lenders under this Section 11.15 shall survive the
termination of the Aggregate Commitments, repayment of all other Obligations hereunder and the
resignation of the Paying Agent.

11.16 Replacement of Lenders.

     Under any circumstances set forth herein providing that the Borrower shall have the right to
replace a Lender as a party to this Agreement, the Borrower may, upon notice to such Lender and the
Paying Agent, replace such Lender by causing such Lender to assign its Commitment (with the
assignment fee to be paid by the Borrower in such instance) pursuant to Section 11.07(b) to
one or more other Lenders or Eligible Assignees procured by the Borrower; provided, however, that
if the Borrower elects to exercise such right with respect to any Lender pursuant to Section
3.06(b), it shall be obligated to replace all Lenders that have made similar requests for
compensation pursuant to Section 3.01 or 3.04. The Borrower shall (x) pay in full
all principal, accrued interest, accrued fees and other amounts owing to such Lender through the
date of replacement (including any amounts payable pursuant to Section 3.05), (y) provide
appropriate assurances and indemnities (which may include letters of credit) to the L/C Issuer and
the Swing Line Lender as each may reasonably require with respect to any continuing obligation to
fund participation interests in any L/C Obligations or any Swing Line Loans then outstanding, and
(z) release such Lender from its obligations under the Loan Documents. Any Lender being replaced
shall execute and deliver an Assignment and Assumption with respect to such Lender’s Commitment and
outstanding Loans and participations in L/C Obligations and Swing Line Loans.

88

 

11.17 Judgment.

     (a) If for the purposes of obtaining judgment in any court it is necessary to convert a sum
due hereunder in Dollars into another currency, the parties hereto agree, to the fullest extent
that they may effectively do so, that the rate of exchange used shall be that at which in
accordance with normal banking procedures Bank of America could purchase Dollars with such other
currency at Bank of America’s principal office in London at 5:00 p.m. on the Business Day preceding
that on which final judgment is given.

     (b) If for the purposes of obtaining judgment in any court it is necessary to convert a sum
due hereunder in a Committed Currency into Dollars, the parties agree to the fullest extent that
they may effectively do so, that the rate of exchange used shall be that at which in accordance
with normal banking procedures Bank of America could purchase such Committed Currency with Dollars
at Bank of America’s principal office in London at 5:00 p.m. on the Business Day preceding that on
which final judgment is given.

     (c) The obligation of the Borrower in respect of any sum due from it in any currency (the
“Primary Currency”) to any Lender or any Agent hereunder shall, notwithstanding any
judgment in any other currency, be discharged only to the extent that on the Business Day following
receipt by such Lender or such Agent (as the case may be), of any sum adjudged to be so due in such
other currency, such Lender or such Agent (as the case may be) may in accordance with normal
banking procedures purchase the applicable Primary Currency with such other currency. If the
amount of the applicable Primary Currency so purchased is less than such sum due to such Lender or
such Agent (as the case may be) in the applicable Primary Currency, the Borrower agrees, as a
separate obligation and notwithstanding any such judgment, to indemnify such Lender or such Agent
(as the case may be) against such loss, and if the amount of the applicable Primary Currency so
purchased exceeds such sum due to any Lender or any Agent (as the case may be) in the applicable
Primary Currency, such Lender or such Agent (as the case may be) agrees to remit to the Borrower
such excess.

11.18 Substitution of Currency.

     If a change in any Committed Currency occurs pursuant to any applicable Law, rule or
regulation of any governmental, monetary or multi-national authority, this Agreement (including,
without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined
by the Paying Agent (acting reasonably and in consultation with the Borrower) to be necessary to
reflect the change in currency and to put the Lenders and the Borrower in the same position, so far
as possible, that they would have been in if no change in such Committed Currency had occurred.

11.19 Governing Law.

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

     (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED
STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT,
THE BORROWER, EACH AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO
THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWER, EACH AGENT AND EACH LENDER
IRREVOCABLY WAIVES ANY

89

 

OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON
CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH
JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. THE BORROWER, EACH
AGENT AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY
BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE.

11.20 Waiver of Right to Trial by Jury.

     EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM,
DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR
RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN
DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER
ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND
CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL
WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF
THIS SECTION 11.20 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO
THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

11.21 Binding Effect.

     This Agreement shall become effective when it shall have been executed by the Borrower and the
Co-Administrative Agents shall have been notified by each Lender, Swing Line Lender and the L/C
Issuer that each such Lender, the Swing Line Lender and the L/C Issuer has executed it and
thereafter shall be binding upon and inure to the benefit of the Borrower, each Agent and each
Lender and their respective successors and assigns, except that the Borrower shall not have the
right to assign its rights hereunder or any interest herein without the prior written consent of
the Lenders.

     11.22 USA Patriot Act Notice. Each Lender that is subject to the Act (as hereinafter
defined) and each Co-Administrative Agent (for itself and not on behalf of any Lender) hereby
notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub.
L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain,
verify and record information that identifies the Borrower, which information includes the name and
address of the Borrower and other information that will allow such Lender or such Co-Administrative
Agent, as applicable, to identify such Borrower in accordance with the Act.

[THE BALANCE OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

90

 

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

	 	 	 	 	 	 	 
	BORROWER:	 	THE TIMKEN COMPANY, an Ohio corporation
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/Sallie B. Bailey	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Sallie B. Bailey
	 	 	Title: Senior Vice President – Finance & Controller
	 
	 	 	 	 	 	 
	GUARANTORS:	 	LATROBE STEEL COMPANY, a
	 	 	Pennsylvania corporation
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/Hans J. Sack	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Hans J. Sack
	 	 	Title: President – Specialty Steel
	 
	 	 	 	 	 	 
	 	 	MPB CORPORATION, a Delaware corporation
	 
	 	 	 	 	 	 
	 	 	By: /s/Peter F. Mangan
	 

	 	 	 	 	 	 
	 	 	Name: Peter F. Mangan
	 	 	Title: Secretary and Treasurer
	 
	 	 	 	 	 	 
	 	 	RAIL BEARING SERVICE CORPORATION,
	 	 	a Virginia corporation
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/John T. Mihaila	 	 
	 

	 	 	 	 	 	 
	 	 	Name: John T. Mihaila
	 	 	Title: Secretary and Treasurer
	 
	 	 	 	 	 	 
	 	 	TIMKEN US CORPORATION, a Delaware corporation
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/Sallie B. Bailey	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Sallie B. Bailey
	 	 	Title: Senior Vice President – Finance &
Controller

91

 

	 	 	 	 	 	 	 
	CO-ADMINISTRATIVE
	 	 	 	 	 	 
	AGENTS:	 	KEYBANK NATIONAL ASSOCIATION,
	 	 	as Co-Administrative Agent and Paying Agent
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/Marianne T. Meil	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Marianne T. Meil
	 	 	Title: Vice President
	 
	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.,
	 	 	as Co-Administrative Agent
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/Thomas R. Durham	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Thomas R. Durham
	 	 	Title: Senior Vice President

92

 

	 	 	 	 	 	 	 
	LENDERS:	 	KEYBANK NATIONAL ASSOCIATION,  
	 	 	as Swing Line Lender, L/C Issuer and a Lender
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/Marianne T. Meil	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Marianne T. Meil
	 	 	Title: Vice President

93

 

	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.  
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/Thomas R. Durham	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Thomas R. Durham
	 	 	Title: Senior Vice President

94

 

	 	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A.  
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/James H. Ramage	 	 
	 

	 	 	 	 	 	 
	 	 	Name: James H. Ramage
	 	 	Title: Managing Director

95

 

	 	 	 	 	 	 	 
	 	 	WACHOVIA BANK, NATIONAL ASSOCIATION  
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/Nathan R. Rantala	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Nathan R. Rantala
	 	 	Title: Vice President

96

 

	 	 	 	 	 	 	 
	 	 	THE BANK OF
TOKYO-MITSUBISHI LTD., 
CHICAGO BRANCH  
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Tsuguyuki Umene	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Tsuguyuki Umene
	 	 	Title: Deputy General Manager

97

 

	 	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK  
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/Kenneth R. McDonnell	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Kenneth R. McDonnell
	 	 	Title: Vice President

98

 

	 	 	 	 	 	 	 
	 	 	SOCIETE GENERALE  
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/Marc Pouget-Abadie	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Marc Pouget-Abadie
	 	 	Title: Director

99

 

	 	 	 	 	 	 	 
	 	 	SUNTRUST BANK  
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/William Humphries	 	 
	 

	 	 	 	 	 	 
	 	 	Name: William Humphries
	 	 	Title: Managing Director

100

 

	 	 	 	 	 	 	 
	 	 	BRANCH BANKING AND TRUST COMPANY  
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/John G. Reeves	 	 
	 

	 	 	 	 	 	 
	 	 	Name: John G. Reeves
	 	 	Title: Assistant Vice President

101

 

	 	 	 	 	 	 	 
	 	 	CITIZENS BANK OF PENNSYLVANIA  
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/Debra L. McAllonis	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Debra L. McAllonis
	 	 	Title: Senior Vice President

102

 

	 	 	 	 	 
	 	 	FIFTH THIRD BANK
	 
	 	 	 	 
	 

	 	By:

Name:
	 	/s/Roy C. Lanctot
 

Roy C. Lanctot
	 

	 	Title:
	 	Vice President

103

 

	 	 	 	 	 
	 	 	HSBC BANK USA, NATIONAL ASSOCIATION
	 
	 	 	 	 
	 

	 	By:

Name:
	 	/s/Michael Cutlip

 

Michael Cutlip
	 

	 	Title:
	 	Managing Director

104

 

	 	 	 	 	 
	 	 	MELLON BANK, N.A.
	 
	 	 	 	 
	 

	 	By:

Name:
	 	/s/William M. Feathers
 

William M. Feathers
	 

	 	Title:
	 	Vice President

105

 

	 	 	 	 	 
	 	 	MERRILL LYNCH BANK USA
	 
	 	 	 	 
	 

	 	By:

Name:
	 	/s/Louis Alder

 

Louis Alder
	 

	 	Title:
	 	Director

106

 

	 	 	 	 	 
	 	 	MORGAN STANLEY BANK
	 
	 	 	 	 
	 

	 	By:

Name:
	 	/s/Daniel Twenge

 

Daniel Twenge
	 

	 	Title:
	 	Vice President

107

 

	 	 	 	 	 
	 	 	SANPAOLO IMI S.P.A.
	 
	 	 	 	 
	 

	 	By:

Name:
	 	/s/Renato Carducci

 

Renato Carducci
	 

	 	Title:
	 	General Manager
	 
	 	 	 	 
	 

	 	By:

Name:
	 	/s/Luca Sacchi

 

Luca Sacchi
	 

	 	Title:
	 	Vice President

108

 

	 	 	 	 	 
	 	 	US BANK, NATIONAL ASSOCIATION
	 
	 	 	 	 
	 

	 	By:

Name:
	 	/s/David J. Dannemiller
 

David J. Dannemiller
	 

	 	Title:
	 	Vice President

109

 

	 	 	 	 	 
	 	 	THE NORTHERN TRUST COMPANY
	 
	 	 	 	 
	 

	 	By:

Name:
	 	/s/Thomas E. Bernhardt
 

Thomas E. Bernhardt
	 

	 	Title:
	 	Vice President

110

 

	 	 	 	 	 
	 	 	BANK HAPOALIM B.M.
	 
	 	 	 	 
	 

	 	By:

Name:
	 	/s/James P. Surless
 

James P. Surless
	 

	 	Title:
	 	Vice President
	 
	 	 	 	 
	 

	 	By:

Name:
	 	/s/Lenroy Hackett

 

Lenroy Hackett
	 

	 	Title:
	 	First Vice President

111

 

	 	 	 	 	 
	 	 	THE HUNTINGTON NATIONAL BANK
	 
	 	 	 	 
	 

	 	By:

Name:
	 	/s/John M. Luehmann
 

John M. Luehmann
	 

	 	Title:
	 	Vice President

112

 

	 	 	 	 	 
	 	 	UNIZAN BANK, NATIONAL ASSOCIATION
	 
	 	 	 	 
	 

	 	By:

Name:
	 	/s/David J. Wechter
 

David J. Wechter
	 

	 	Title:
	 	Senior Vice President

113Exhibit 10.1

 

EXHIBIT 10.1

Big Lots, Inc. Search Committee Compensation

July 5, 2005

	 	 	 	 	 
	Search Committee	 	 	One-Time Payment
	Committee Chair
	 	$	15,000	 
	Committee Member
	 	$	10,000

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