Document:

ex10-1.htm

    
      
        

      

      Exhibit
        10.1

       

    

    EXECUTION
      VERSION

    

    
      

      
        

        

      

    

    

     

    CREDIT
      AGREEMENT

     

    Dated
      as
      of September 14, 2007

     

    by
      and
      among

     

    INTERNAP
      NETWORK SERVICES CORPORATION,

    as
      the
      Borrower,

     

    

     

    BANK
      OF
      AMERICA, N.A.,

    as
      Administrative Agent, Swing Line Lender and

    L/C
      Issuer,

     

    

     

    and

     

    

     

    The
      Other
      Lenders Party Hereto

     

    

     

    

     

    BANC
      OF
      AMERICA SECURITIES LLC,

    as
      Sole
      Lead Arranger and Sole Book Manager

     

    

     

    
      

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        TABLE
          OF CONTENTS

         

         

      

      
        	Section	 	
                Page

              

      

      

      
        	 	
                ARTICLE
                  I

              	 
	 	
                DEFINITIONS
                  AND ACCOUNTING TERMS

              	 
	 	 	 
	
                1.01

              	
                Defined
                  Terms

              	
                1

              
	
                1.02

              	
                Other
                  Interpretive Provisions

              	
                27

              
	
                1.03

              	
                Accounting
                  Terms.

              	
                28

              
	
                1.04

              	
                Rounding

              	
                29

              
	
                1.05

              	
                Times
                  of Day

              	
                29

              
	
                1.06

              	
                Letter
                  of Credit Amounts

              	
                29

              
	
                1.07

              	
                Currency
                  Equivalents Generally

              	
                29

              
	 
	
                ARTICLE
                  II  

              
	
                THE
                  COMMITMENTS AND CREDIT EXTENSIONS  

              
	 
	
                2.01

              	
                The
                  Loans.

              	
                29

              
	
                2.02

              	
                Borrowings,
                  Conversions and Continuations of Loans.

              	
                30

              
	
                2.03

              	
                Letters
                  of Credit.

              	
                32

              
	
                2.04

              	
                Swing
                  Line Loans.

              	
                40

              
	
                2.05

              	
                Prepayments.

              	
                43

              
	
                2.06

              	
                Termination
                  or Reduction of Commitments.

              	
                46

              
	
                2.07

              	
                Repayment
                  of Loans.

              	
                47

              
	
                2.08

              	
                Interest.

              	
                49

              
	
                2.09

              	
                Fees.

              	
                49

              
	
                2.10

              	
                Computation
                  of Interest and Fees; Retroactive Adjustments of Applicable
                  Rate.

              	
                50

              
	
                2.11

              	
                Evidence
                  of Debt.

              	
                51

              
	
                2.12

              	
                Payments
                  Generally; Administrative Agent’s Clawback.

              	
                51

              
	
                2.13

              	
                Sharing
                  of Payments by Lenders.

              	
                53

              
	
                2.14

              	
                [Intentionally
                  Omitted].

              	
                54

              
	
                2.15

              	
                Increase
                  in Revolving Credit Facility.

              	
                54

              
	 
	
                ARTICLE
                  III  

              
	
                TAXES,
                  YIELD PROTECTION AND ILLEGALITY  

              
	 
	
                3.01

              	
                Taxes.

              	
                56

              
	
                3.02

              	
                Illegality.

              	
                58

              
	
                3.03

              	
                Inability
                  to Determine Rates.

              	
                58

              
	
                3.04

              	
                Increased
                  Costs; Reserves on Eurodollar Rate Loans.

              	
                58

              
	
                3.05

              	
                Compensation
                  for Losses.

              	
                60

              
	
                3.06

              	
                Mitigation
                  Obligations; Replacement of Lenders.

              	
                61

              
	
                3.07

              	
                Survival.

              	
                61

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        
          TABLE
            OF CONTENTS

           

           

        

        
          	Section	 	
                  Page

                

        

         

      

      
        	
                ARTICLE
                  IV  

              
	
                CONDITIONS
                  PRECEDENT TO CREDIT EXTENSIONS  

              
	 
	
                4.01

              	
                Conditions
                  of Initial Credit Extension.

              	
                61

              
	
                4.02

              	
                Conditions
                  to all Credit Extensions.

              	
                65

              
	 
	
                ARTICLE
                  V  

              
	
                REPRESENTATIONS
                  AND WARRANTIES  

              
	 
	
                5.01

              	
                Existence,
                  Qualification and Power.

              	
                65

              
	
                5.02

              	
                Authorization;
                  No Contravention.

              	
                66

              
	
                5.03

              	
                Governmental
                  Authorization; Other Consents.

              	
                66

              
	
                5.04

              	
                Binding
                  Effect.

              	
                66

              
	
                5.05

              	
                Financial
                  Statements; No Material Adverse Effect.

              	
                66

              
	
                5.06

              	
                Litigation.

              	
                67

              
	
                5.07

              	
                No
                  Default.

              	
                67

              
	
                5.08

              	
                Ownership
                  of Property; Liens; Investments.

              	
                68

              
	
                5.09

              	
                Environmental
                  Compliance.

              	
                68

              
	
                5.10

              	
                Insurance.

              	
                69

              
	
                5.11

              	
                Taxes.

              	
                69

              
	
                5.12

              	
                ERISA
                  Compliance.

              	
                69

              
	
                5.13

              	
                Subsidiaries;
                  Equity Interests; Loan Parties.

              	
                70

              
	
                5.14

              	
                Margin
                  Regulations; Investment Company Act.

              	
                71

              
	
                5.15

              	
                Disclosure.

              	
                71

              
	
                5.16

              	
                Compliance
                  with Laws.

              	
                71

              
	
                5.17

              	
                Intellectual
                  Property; Licenses, Etc.

              	
                72

              
	
                5.18

              	
                Solvency.

              	
                72

              
	
                5.19

              	
                Casualty,
                  Etc.

              	
                72

              
	
                5.20

              	
                Labor
                  Matters.

              	
                72

              
	
                5.21

              	
                Collateral
                  Documents.

              	
                72

              
	 
	
                ARTICLE
                  VI  

              
	
                AFFIRMATIVE
                  COVENANTS  

              
	 
	
                6.01

              	
                Financial
                  Statements.

              	
                73

              
	
                6.02

              	
                Certificates;
                  Other Information.

              	
                74

              
	
                6.03

              	
                Notices.

              	
                77

              
	
                6.04

              	
                Payment
                  of Obligations.

              	
                77

              
	
                6.05

              	
                Preservation
                  of Existence, Etc.

              	
                78

              
	
                6.06

              	
                Maintenance
                  of Properties.

              	
                78

              
	
                6.07

              	
                Maintenance
                  of Insurance.

              	
                78

              
	
                6.08

              	
                Compliance
                  with Laws.

              	
                78

              
	
                6.09

              	
                Books
                  and Records.

              	
                79

              
	
                6.10

              	
                Inspection
                  Rights.

              	
                79

              
	
                6.11

              	
                Use
                  of Proceeds.

              	
                79

              

      

       

       

      
        
          
          

        

        
          ii

          
            

          

        

        
          
          

        

      

      

         

        
          TABLE
            OF CONTENTS

           

           

        

        
          	Section	 	
                  Page

                

        

         

      

      
        	
                6.12

              	
                Covenant
                  to Guarantee Obligations and Give Security.

              	
                79

              
	
                6.13

              	
                Compliance
                  with Environmental Laws.

              	
                82

              
	
                6.14

              	
                Preparation
                  of Environmental Reports.

              	
                83

              
	
                6.15

              	
                Further
                  Assurances.

              	
                83

              
	
                6.16

              	
                Compliance
                  with Terms of Leaseholds.

              	
                84

              
	
                6.17

              	
                Material
                  Contracts.

              	
                84

              
	
                6.18

              	
                Landlord
                  Waivers.

              	
                84

              
	 
	
                ARTICLE
                  VII  

              
	
                NEGATIVE
                  COVENANTS  

              
	 
	
                7.01

              	
                Liens.

              	
                85

              
	
                7.02

              	
                Indebtedness.

              	
                86

              
	
                7.03

              	
                Investments.

              	
                87

              
	
                7.04

              	
                Fundamental
                  Changes.

              	
                90

              
	
                7.05

              	
                Dispositions.

              	
                90

              
	
                7.06

              	
                Restricted
                  Payments.

              	
                91

              
	
                7.07

              	
                Change
                  in Nature of Business.

              	
                91

              
	
                7.08

              	
                Transactions
                  with Affiliates.

              	
                92

              
	
                7.09

              	
                Burdensome
                  Agreements.

              	
                92

              
	
                7.10

              	
                Use
                  of Proceeds.

              	
                92

              
	
                7.11

              	
                Financial
                  Covenants.

              	
                92

              
	
                7.12

              	
                Capital
                  Expenditures.

              	
                92

              
	
                7.13

              	
                Amendments
                  of Organization Documents.

              	
                93

              
	
                7.14

              	
                Accounting
                  Changes.

              	
                93

              
	
                7.15

              	
                Prepayments,
                  Etc. of Indebtedness.

              	
                93

              
	
                7.16

              	
                Amendment,
                  Etc. of Indebtedness.

              	
                93

              
	 
	
                ARTICLE
                  VIII  

              
	
                EVENTS
                  OF DEFAULT AND REMEDIES  

              
	 
	
                8.01

              	
                Events
                  of Default.

              	
                93

              
	
                8.02

              	
                Remedies
                  upon Event of Default.

              	
                96

              
	
                8.03

              	
                Application
                  of Funds.

              	
                97

              
	 
	
                ARTICLE
                  IX  

              
	
                ADMINISTRATIVE
                  AGENT  

              
	 
	
                9.01

              	
                Appointment
                  and Authority.

              	
                98

              
	
                9.02

              	
                Rights
                  as a Lender.

              	
                98

              
	
                9.03

              	
                Exculpatory
                  Provisions.

              	
                98

              
	
                9.04

              	
                Reliance
                  by Administrative Agent.

              	
                99

              
	
                9.05

              	
                Delegation
                  of Duties.

              	
                100

              
	
                9.06

              	
                Resignation
                  of Administrative Agent.

              	
                100

              
	
                9.07

              	
                Non-Reliance
                  on Administrative Agent and Other Lenders.

              	
                101

              

      

       

      
        
          
          

        

        
          iii

          
            

          

        

        
          
          

        

      

      

         

        
          TABLE
            OF CONTENTS

           

           

        

        
          	Section	 	
                  Page

                

        

         

      

      
        	
                9.08

              	
                No
                  Other Duties, Etc.

              	
                101

              
	
                9.09

              	
                Administrative
                  Agent May File Proofs of Claim.

              	
                101

              
	
                9.10

              	
                Collateral
                  and Guaranty Matters.

              	
                102

              
	 
	
                ARTICLE
                  X  

              
	
                CONTINUING
                  GUARANTY  

              
	 
	
                10.01

              	
                Guaranty.

              	
                103

              
	
                10.02

              	
                Rights
                  of Lenders.

              	
                103

              
	
                10.03

              	
                Certain
                  Waivers.

              	
                104

              
	
                10.04

              	
                Obligations
                  Independent.

              	
                104

              
	
                10.05

              	
                Subrogation.

              	
                104

              
	
                10.06

              	
                Termination;
                  Reinstatement.

              	
                104

              
	
                10.07

              	
                Subordination.

              	
                105

              
	
                10.08

              	
                Stay
                  of Acceleration.

              	
                105

              
	
                10.09

              	
                Condition
                  of Borrower.

              	
                105

              
	 
	
                ARTICLE
                  XI  

              
	
                MISCELLANEOUS  

              
	 
	
                11.01

              	
                Amendments,
                  Etc.

              	
                105

              
	
                11.02

              	
                Notices;
                  Effectiveness; Electronic Communications.

              	
                107

              
	
                11.03

              	
                No
                  Waiver; Cumulative Remedies.

              	
                109

              
	
                11.04

              	
                Expenses;
                  Indemnity; Damage Waiver.

              	
                110

              
	
                11.05

              	
                Payments
                  Set Aside.

              	
                111

              
	
                11.06

              	
                Successors
                  and Assigns.

              	
                112

              
	
                11.07

              	
                Treatment
                  of Certain Information; Confidentiality.

              	
                116

              
	
                11.08

              	
                Right
                  of Setoff.

              	
                117

              
	
                11.09

              	
                Interest
                  Rate Limitation.

              	
                117

              
	
                11.10

              	
                Counterparts;
                  Integration; Effectiveness.

              	
                118

              
	
                11.11

              	
                Survival
                  of Representations and Warranties.

              	
                118

              
	
                11.12

              	
                Severability.

              	
                118

              
	
                11.13

              	
                Replacement
                  of Lenders.

              	
                118

              
	
                11.14

              	
                Governing
                  Law; Jurisdiction; Etc.

              	
                119

              
	
                11.15

              	
                Dispute
                  Resolution Provision.

              	
                120

              
	
                11.16

              	
                No
                  Advisory or Fiduciary Responsibility.

              	
                122

              
	
                11.17

              	
                USA
                  Patriot Act Notice.

              	
                122

              
	
                11.18

              	
                Time
                  of the Essence.

              	
                123

              
	
                11.19

              	
                ENTIRE
                  AGREEMENT.

              	
                123

              

      

    

     

    
 

    
      
        
        

      

      
        iv

        
          

        

      

      
        
        

      

    

    

     

    SCHEDULES

     

    
      	 	
              2.01

            	
              Commitments
                and Applicable Percentages

            
	 	
              5.08(b)

            	
              Existing
                Liens

            
	 	
              5.08(c)

            	
              Owned
                Real Property

            
	 	
              5.08(d)(i)

            	
              Leased
                Real Property (Lessee)

            
	 	
              5.08(d)(ii)

            	
              Leased
                Real Property (Lessor)

            
	 	
              5.08(e)

            	
              Existing
                Investments

            
	 	
              5.13

            	
              Subsidiaries
                and Other Equity Investments; Loan Parties

            
	 	
              5.17

            	
              Intellectual
                Property Matters

            
	 	
              6.12

            	
              Guarantors

            
	 	
              7.02

            	
              Existing
                Indebtedness

            
	 	
              7.09

            	
              Burdensome
                Agreements

            
	 	
              11.02

            	
              Administrative
                Agent’s Office, Certain Addresses for
                Notices

            

    

    

     

    EXHIBITS

     

    
      	 	Form
              of	 
	 	 	 
	 	
              A

            	
              Committed
                Loan Notice

            
	 	
              B

            	
              Swing
                Line Loan Notice

            
	 	
              C-1

            	
              Term
                Loan Note

            
	 	
              C-2

            	
              Revolving
                Credit Note

            
	 	
              D

            	
              Compliance
                Certificate

            
	 	
              E

            	
              Assignment
                and Assumption

            
	 	
              F

            	
              Security
                Agreement

            
	 	
              G

            	
              Intellectual
                Property Security Agreement

            

    

    
 

    
      
        
        

      

      
        v

        
          

        

      

      
        
        

      

       

       

    

    CREDIT
      AGREEMENT

     

    This
      CREDIT AGREEMENT (this “Agreement”) is entered into as of
September 14, 2007, by and among INTERNAP NETWORK
      SERVICES CORPORATION, a Delaware corporation (the “Borrower”),
      the Subsidiaries of the Borrower party hereto as Guarantors, each lender from
      time to time party hereto (collectively, the “Lenders” and individually,
      a “Lender”), and BANK OF AMERICA, N.A., as
      Administrative Agent, Swing Line Lender and L/C Issuer.

     

    PRELIMINARY
      STATEMENTS:

     

    The
      Borrower has requested that the Lenders provide a term loan facility and a
      revolving credit facility, and the Lenders have indicated their willingness
      to
      lend and the L/C Issuer has indicated its willingness to issue letters of
      credit, in each case, on the terms and subject to the 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
      TermsAs
      used
      in this Agreement, the following terms shall have the meanings set forth
      below:

     

    “AAA”
      the meaning specified in Section 11.15.

     

    “Act”
      the meaning specified in Section 11.15.

     

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

     

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

     

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

     

    “Affiliate”
      means, 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.

     

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

     

    “Aggregate
      Credit Exposures” means, at any time, in respect of (a) the Term Loan
      Facility, the aggregate amount of the Term  Loan outstanding at such time
      and (b) in respect of the Revolving Credit Facility, the sum of (i) the
      unused portion of the Revolving Credit Facility at such time and (ii) the Total
      Revolving Credit Outstandings at such time.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

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

     

    “Applicable
      Fee Rate” means, at any time, in respect of the Revolving Credit Facility
      and the Term Loan Facility, (a) from the Closing Date to the date on which
      the
      Administrative Agent receives a Compliance Certificate pursuant to Section
      6.02(b) for the fiscal quarter ending December 31, 2007, 0.175% per annum
      and (b) thereafter, the applicable percentage per annum set forth below
      determined by reference to Consolidated EBITDA for the most recently completed
      Measurement Period as set forth in the most recent
      Compliance Certificate received by the Administrative Agent pursuant to
Section 6.02(b):

     

    
      	
              Applicable
                Fee Rate

            
	
              Pricing
                Level

            	 	
               

              Consolidated

              EBITDA

            	 	
              Unused
                Line

              Fee

            
	 	 	 	 	 
	
              1

            	 	
              Less
                than or equal

              to
                $25,000,000

            	 	
              0.375%

            
	 	 	 	 	 
	
              2

            	 	
              Greater
                than 

              25,000,000
                but

              less
                than or equal

              to
                $35,000,000

            	 	
              0.225%

            
	 	 	 	 	 
	
              3

            	 	
              Greater
                than

              $35,000,000
                but

              less
                than or equal

              to
                $45,000,000

            	 	
              0.175%

            
	 	 	 	 	 
	
              4

            	 	
              Greater
                than

              $45,000,000

            	 	
               
                0.15%

            

    

     

    Any
      increase or decrease in the Applicable Fee Rate resulting from a change in
      Consolidated EBITDA for the most recently completed Measurement Period shall
      become effective as of the first Business Day immediately following the date
      a
      Compliance Certificate is delivered pursuant to Section 6.02(b);
provided that if a Compliance Certificate is not delivered when due
      in
      accordance with such Section, then Pricing Level 1 shall apply as of the
      first Business Day after the date on which such Compliance Certificate was
      required to have been delivered.

     

    Notwithstanding
      anything to the contrary contained in this definition, the determination of
      the
      Applicable Fee Rate for any period shall be subject to the provisions of
Section 2.10(b).

     

    “Applicable
      Percentage” means (a) in respect of the Term Loan Facility, with
      respect to any Term Loan Lender at any time, the percentage (carried out to
      the
      ninth decimal place) of the Term Loan Facility represented by
      (i)  at any time during the Availability Period in
      respect of such Facility, such Term Loan Lender’s Term Loan Commitment at such
      time and (ii) thereafter, the principal amount of such Term Loan Lender’s
      Term Loan at such time, and (b) in respect of the Revolving Credit
      Facility, with respect to any Revolving Credit Lender at any time, the
      percentage (carried out to the ninth decimal place) of the Revolving Credit
      Facility represented by such Revolving Credit Lender’s Revolving Credit
      Commitment at such time.  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 8.02, or if the Commitments have
      expired, then the Applicable Percentage of each Lender in respect of the
      applicable Facility shall be determined based on the Applicable Percentage
      of
      such Lender in respect of such Facility most recently in effect, giving effect
      to any subsequent assignments.  The initial Applicable Percentage of
      each Lender in respect of each Facility 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.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    “Applicable
      Rate” means, in respect of the Term Loan Facility and the Revolving Credit
      Facility, (a) from the Closing Date to the date on which the Administrative
      Agent receives a Compliance Certificate pursuant to Section 6.02(b) for
      the fiscal quarter ending December 31, 2007, (0.25)% per annum for Base Rate
      Loans and 1.525% per annum for Eurodollar Rate Loans and Letter of Credit Fees
      and (b) thereafter, the applicable percentage per annum set forth below
      determined by reference to Consolidated EBITDA for the most recently completed
      Measurement Period as set forth in the most recent
      Compliance Certificate received by the Administrative Agent pursuant to
Section 6.02(b):

     

    
      	
              Applicable
                Rate

            
	
              Pricing
                Level

            	 	
              Consolidated

              EBITDA

            	 	
              Eurodollar

              Rate

              (Letters
                of

              Credit)

            	 	
              Base
                Rate

            
	 	 	 	 	 	 	 
	
              1

            	 	
              Less
                than or

              equal
                to

              $25,000,000

            	 	
              2.35%

            	 	
              0%

            
	 	 	 	 	 	 	 
	
              2

            	 	
              Greater
                than

              $25,000,000

              but
                less than

              or
                equal to

              $35,000,000

            	 	
              1.85%

            	 	
              0%

            
	 	 	 	 	 	 	 
	
              3

            	 	
              Greater
                than

              $35,000,000

              but
                less than

              or
                equal to

              $45,000,000

            	 	
              1.525%

            	 	
              (0.25%)

            
	 	 	 	 	 	 	 
	
              4

            	 	
              Greater
                than

              $45,000,000

            	 	
              1.15%

            	 	
              (0.25%)

            

    

     

    Any
      increase or decrease in the Applicable Rate resulting from a change in
      Consolidated EBITDA for the most recently completed Measurement Period shall
      become effective as of the first Business Day immediately following the date
      a
      Compliance Certificate is delivered pursuant to Section 6.02(b);
provided that if a Compliance Certificate is not delivered when due
      in
      accordance with such Section, then Pricing Level 1 shall apply in respect of
      the
      Term Loan Facility and the Revolving Credit Facility, in each case as of the
      first Business Day after the date on which such Compliance Certificate was
      required to have been delivered; and provided, further that in the
      event that Borrower does not maintain all or substantially all of its deposit
      accounts and securities accounts (as such terms are defined in the UCC) with
      Bank of America, N.A. or one of its Affiliates at any time following the six
      month anniversary of this Agreement, the Applicable Rate for Eurodollar Rate
      Loans shall increase by 0.15%.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    Notwithstanding
      anything to the contrary contained in this definition, the determination of
      the
      Applicable Rate for any period shall be subject to the provisions of Section
      2.10(b).

     

    “Applicable
      Revolving Credit Percentage” means with respect to any Revolving Credit
      Lender at any time, such Revolving Credit Lender’s Applicable Percentage in
      respect of the Revolving Credit Facility at such time.

     

    “Appropriate
      Lender” means, at any time, (a) with respect to either of the Term Loan
      Facility or the Revolving Credit Facility, a Lender that has a Commitment with
      respect to such Facility or holds a Term Loan or a Revolving Credit Loan,
      respectively, at such time, (b) with respect to the Letter of Credit
      Sublimit, (i) the L/C Issuer and (ii) if any Letters of Credit have
      been issued pursuant to Section 2.03(a), the Revolving Credit 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 Revolving Credit Lenders.

     

    “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.

     

    “Arranger”
      means Banc of America Securities LLC, in its capacity as sole lead arranger
      and
      sole book manager.

     

    “Assignee
      Group” means two or more Eligible Assignees that are Affiliates of one
      another or two or more Approved Funds managed by the same investment
      advisor.

     

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

     

    “Attributable
      Indebtedness” means, on any date, (a) in respect of any Capitalized 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, (b) in respect
      of any Synthetic Lease Obligation, the capitalized amount of the remaining
      lease
      or similar payments under the relevant lease or other applicable agreement
      or
      instrument that would appear on a balance sheet of such Person prepared as
      of
      such date in accordance with GAAP if such lease or other agreement or instrument
      were accounted for as a Capitalized Lease and (c) all Synthetic Debt of such
      Person.

     

    “Audited
      Financial Statements” means the audited consolidated balance sheet of the
      Borrower and its Subsidiaries for the fiscal year ended December 31, 2006,
      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.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

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

     

    “Availability
      Period” means (a) in respect of the Revolving Credit Facility, the period
      from and including the Closing Date to the earliest of (i) the Maturity Date
      for
      the Revolving Credit Facility, (ii) the date of termination of the Revolving
      Credit Commitments pursuant to Section 2.06, and (iii) the date of
      termination of the commitment of each Revolving Credit Lender to make Revolving
      Credit Loans and of the obligation of the L/C Issuer to make L/C Credit
      Extensions pursuant to Section 8.02 and (b) in respect of the Term Loan
      Facility, the period from and including the Closing Date to the earliest of
      (i)
      the date that falls twelve months after the Closing Date, (ii) the Maturity
      Date
      for the Term Loan Facility and (iii) the date of termination of the commitments
      of the respective Term Loan Lenders to make Term Loan pursuant to Section
      8.02.

     

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

     

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

     

    “Base
      Rate Loan” means a Revolving Credit Loan or a Term Loan that bears interest
      based on the Base Rate.

     

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

     

    “Borrower
      Materials” has the meaning specified in Section 6.02.

     

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

     

    “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 Administrative Agent’s Office is located and, if
      such day relates to any Eurodollar Rate Loan, means any such day on which
      dealings in Dollar deposits are conducted by and between banks in the London
      interbank eurodollar market.

     

    “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.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    “Capitalized
      Leases” means all leases that have been or should be, in accordance with
      GAAP, recorded as capitalized leases.

     

    “Carrier
      Contract” means any contract by and between the Borrower and any Loan Party,
      on the one hand, and any interexchange carrier, on the other hand.

     

    “Cash
      Collateral Account” means a blocked deposit account (which deposit account
      may be an interest-bearing deposit account) of one or more of the Loan Parties
      at Bank of America (or another commercial bank selected in compliance with
      Section 6.19) in the name of the Administrative Agent and under the sole
      dominion and control of the Administrative Agent, and otherwise established
      in a
      manner reasonably satisfactory to the Administrative Agent.

     

    “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
      (other than Liens created under the Collateral Documents and other Liens
      permitted hereunder):

     

           
      (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)  time
      deposits 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 (c) 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 90 days from
      the
      date of acquisition thereof;

     

           
      (c)  commercial
      paper 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 180 days from the date of
      acquisition thereof; and

     

           
      (d)  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) and (c) of this
      definition.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    “Cash
      Management Agreement” means any agreement to provide cash management
      services, including treasury, depository, overdraft, credit or debit card,
      electronic funds transfer and other cash management arrangements.

     

    “Cash
      Management Bank” means any Person that, at the time it enters into a Cash
      Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity
      as a party to such Cash Management Agreement; provided that a Person
      shall only be a Cash Management Bank for so long as such Person is a Lender
      or
      an Affiliate of a Lender.

     

    “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.

     

    “CFC”
      means a Person that is a controlled foreign corporation under Section 957 of
      the
      Code.

     

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

     

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

     

           
      (a)  any
      “person” 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
      the Equity Investors 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, whether such right is exercisable
      immediately or only after the passage of time (such right, an “option
      right”)), directly or indirectly, of 35% or more of the equity securities of
      the Borrower entitled to vote for members of the board of directors or
      equivalent governing body of the Borrower 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 12 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

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

           
      (c)  any
      Person or two or more Persons acting in concert 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
      policies of the Borrower or control over the equity securities of the Borrower
      entitled to vote for members of the board of directors or equivalent governing
      body of the Borrower on a fully-diluted basis (and taking into account all
      such
      securities that such Person or Persons have the right to acquire pursuant to
      any
      option right) representing 35% or more of the combined voting power of such
      securities.

     

    “Claim”
      has the meaning specified in Section 11.15.

     

    “Closing
      Date” means the first date all the conditions precedent in Section
      4.01 are satisfied or waived in accordance with Section
      11.01.

     

    “Code”
      means the Internal Revenue Code of 1986.

     

    “Collateral”
      means all of the “Collateral” referred to in the Collateral Documents and
      all of the other property that is or is intended under the terms of the
      Collateral Documents to be subject to Liens in favor of the Administrative
      Agent
      for the benefit of the Secured Parties.

     

    “Collateral
      Documents” means, collectively, the Security Agreement, the Intellectual
      Property Security Agreement, each of the mortgages, collateral assignments,
      Security Agreement Supplements, IP Security Agreement Supplements, security
      agreements, pledge agreements or other similar agreements delivered to the
      Administrative Agent pursuant to Section 6.12, and each of the other
      agreements, instruments or documents that creates or purports to create a Lien
      in favor of the Administrative Agent for the benefit of the Secured
      Parties.

     

    “Commitment”
      means a Term Loan Commitment or a Revolving Credit Commitment, as the context
      may require.

     

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

     

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

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    “Consolidated
      EBITDA” means, at any date of determination, an amount equal to Consolidated
      Net Income of the Borrower and its Subsidiaries on a consolidated basis for
      the
      most recently completed Measurement Period plus (a) the following to the
      extent deducted in calculating such Consolidated Net Income:  (i)
      Consolidated Interest Charges, (ii) the provision for Federal, state, local
      and
      foreign income taxes, (iii) depreciation and amortization expense, (iv) non-cash
      stock-based compensation and (v) other non-recurring expenses reducing such
      Consolidated Net Income which do not represent a cash item in such period;
      provided that such non-recurring expenses relating to restructuring
      charges shall only be added to Consolidated Net Income if such charges are
      incurred (A) prior to the Closing Date or (B) following the Closing Date in
      an
      amount not to exceed $10,000,000 in the aggregate during the term of this
      Agreement (in each case of or by  the Borrower and its Subsidiaries
      for such Measurement Period) and minus (b) the following to the extent
      included in calculating such Consolidated Net Income:  (i) Federal,
      state, local and foreign income tax credits and (ii) all non-cash items
      increasing Consolidated Net Income (in each case of or by the
      Borrower  and its Subsidiaries for such Measurement
      Period).

     

    “Consolidated
      Fixed Charge Coverage Ratio” means, at any date of determination, for the
      most recently completed Measurement Period, the ratio
      of (a)(i) Consolidated EBITDA, plus (ii) rentals payable under
      leases of real or personal, or mixed, property during such Measurement Period,
      minus (iii) the aggregate amount of all Restricted Payments made during
      such Measurement Period, minus (iv) the aggregate amount of Federal,
      state, local and foreign income taxes paid in cash, in each case, of or by
      the
      Borrower and its Subsidiaries for such Measurement Period to (b) the sum of
      (i) Consolidated Interest Charges for such Measurement Period, (ii) the
      aggregate principal amount of all regularly scheduled principal payments or
      redemptions or similar acquisitions for value of outstanding debt for borrowed
      money, but excluding any such payments to the extent refinanced through the
      incurrence of additional Indebtedness otherwise expressly permitted under
Section 7.02, for such Measurement Period and (iii) rentals payable under
      leases of real or personal, or mixed, property for such Measurement
      Period.

     

    “Consolidated
      Funded Indebtedness” means, as of any date of determination, for the
      Borrower and its Subsidiaries on a consolidated basis, the sum of (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)
      all
      Attributable Indebtedness, (f) without duplication, all Guarantees with respect
      to outstanding Indebtedness of the types specified in clauses (a) through (e)
      above of Persons other than the Borrower or any Subsidiary, and (g) all
      Indebtedness of the types referred to in clauses (a) through (f) 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.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    “Consolidated
      Interest Charges” means, for any Measurement Period, the sum of (a) all
      interest, premium payments, debt discount, fees, charges and related expenses
      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, (b) all interest paid or payable with
      respect to discontinued operations and (c) the portion of rent expense under
      Capitalized Leases that is treated as interest in accordance with GAAP, in
      each
      case, of or by the Borrower and its Subsidiaries on a consolidated basis for
      the
      most recently completed Measurement Period.

     

    “Consolidated
      Leverage Ratio” means, as of any date of determination, the ratio of (a)(i)
      Consolidated Funded Indebtedness as of such date, minus (ii) the amount
      by which cash and Cash Equivalents of Borrower and its Subsidiaries as of such
      date of determination exceeds $20,000,000 to (b) Consolidated
      EBITDA of the Borrower and its Subsidiaries on a consolidated basis for the
      most
      recently completed Measurement Period.

     

    “Consolidated
      Net Income” means, at any date of determination, the net income (or loss) of
      the Borrower and its Subsidiaries on a consolidated basis for the most recently
      completed Measurement Period; provided that Consolidated Net Income shall
      exclude (a) extraordinary gains and extraordinary losses for such
      Measurement Period, (b) the net income of any Subsidiary during such Measurement
      Period to the extent that the declaration or payment of dividends or similar
      distributions by such Subsidiary of such income is not permitted by operation
      of
      the terms of its Organization Documents or any agreement, instrument or Law
      applicable to such Subsidiary during such Measurement Period, except that the
      Borrower’s equity in any net loss of any such Subsidiary for such Measurement
      Period shall be included in determining Consolidated Net Income, and (c) any
      income (or loss) for such Period of any Person if such Person is not a
      Subsidiary, except that the Borrower’s equity in the net income of any such
      Person for such Measurement Period shall be included in Consolidated Net Income
      up to the aggregate amount of cash actually distributed by such Person during
      such Period to the Borrower or a Subsidiary as a dividend or other distribution
      (and in the case of a dividend or other distribution to a Subsidiary, such
      Subsidiary is not precluded from further distributing such amount to the
      Borrower as described in clause (b) of this proviso).

     

    “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”
      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.

     

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

     

    “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.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

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

     

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

     

    “Defaulting
      Lender” means any Lender that (a) has failed to fund any portion of the Term
      Loan, 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 Administrative 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 become the subject of a bankruptcy or insolvency
      proceeding.

     

    “Disposition”
      or “Dispose” means the sale, transfer, license, lease or other
      disposition (including any sale and leaseback transaction) of any property
      by
      any Person (or the granting of any option or other right to do any of the
      foregoing), 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” means any Person that meets the requirements to be an assignee
      under Sections 11.06(b)(iii), (v) and (vi) (subject to such
      consents, if any, as may be required under Section
      11.06(b)(iii)).

     

    “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.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    “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 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.

     

    “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 Section 4041 or 4041A of ERISA,
      or
      the 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.

     

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

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

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

     

    “Event
      of Default” has the meaning specified in Section 8.01.

     

    “Excluded
      Issuance” by the Borrower means (i) an issuance and sale of an Equity
      Interest in the Borrower or an issuance of shares of capital stock of (or other
      ownership or profit interests in) the Borrower pursuant to equity compensation
      plans or otherwise upon the exercise of warrants, options or other rights for
      the purchase of such capital stock (or other ownership or profit interest),
      (ii)
      shares of capital stock of (or other ownership of profit interests in) such
      Person issued in connection with any stock split, stock dividend or
      recapitalization of the Company in which each holder of capital stock of (or
      other ownership or profit interests in) such Person receives rights, property
      and/or securities proportionate to its ownership interests, and (iii) Equity
      Interests issued in consideration of the acquisition of the assets or Equity
      Interests of another Person.

     

    “Excluded
      Taxes” means, with respect to the Administrative Agent, any Lender, the L/C
      Issuer or any other recipient of any payment to be made by or on account of
      any
      obligation of the Borrower hereunder, (a) taxes imposed on or measured by its
      overall net income (however denominated), 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 recipient is organized or in which its
      principal office is located or, in the case of any Lender, in which its
      applicable Lending Office is located, (b) any branch profits taxes imposed
      by
      the United States or any similar tax imposed by any other jurisdiction in which
      the Borrower is located and (c) in the case of a Foreign Lender (other than
      an
      assignee pursuant to a request by the Borrower under Section 11.13), any
      withholding tax that is imposed on amounts payable to such Foreign Lender at
      the
      time such Foreign Lender becomes a party hereto (or designates a new Lending
      Office) or is attributable to such Foreign Lender’s failure or inability (other
      than as a result of a Change in Law) to comply with Section 3.01(e),
      except to the extent that such Foreign Lender (or its assignor, if any) was
      entitled, at the time of designation of a new Lending Office (or assignment),
      to
      receive additional amounts from the Borrower with respect to such withholding
      tax pursuant to Section 3.01(a).

     

    “Existing
      Credit Agreement” means that certain Loan and Security Agreement dated as of
      January 25, 2002 by and between the Borrower, and Silicon Valley Bank, as
      amended, restated, supplemented or otherwise modified on or before the Closing
      Date.

     

    “Extraordinary
      Receipt” means any cash received by or paid to or for the account of any
      Person not in the ordinary course of business, including tax refunds, pension
      plan reversions, proceeds of insurance (other than proceeds of business
      interruption insurance to the extent such proceeds constitute compensation
      for
      lost earnings), condemnation awards (and payments in lieu thereof), indemnity
      payments and any purchase price adjustments.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    “Facility”
      means the Term Loan Facility or the Revolving Credit Facility, as the context
      may require.

     

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

     

    “Fee
      Letter” means the letter agreement, dated as of September 14, 2007, by and
      among the Borrower, the Administrative Agent and the Arranger.

     

    “Foreign
      Government Scheme or Arrangement” has the meaning specified in Section
      5.12(d).

     

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

     

    “Foreign
      Plan” has the meaning specified in Section 5.12(d).

     

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

     

    “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
      activities.

     

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

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    “Guarantee”
      means, as to any Person, any (a) any obligation, contingent or otherwise, of
      such Person guaranteeing or having the economic effect of 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.

     

    “Guarantors”
      means, collectively, the Subsidiaries of the Borrower listed on Schedule
      6.12 and each other Subsidiary of the Borrower that shall be required to
      execute and deliver a guaranty or guaranty supplement pursuant to
Section 6.12.

     

    “Guaranty”
      means, collectively, the Guaranty made by the Guarantors listed on Schedule
      6.12 under Article X in favor of the Secured Parties, together with
      each other guaranty and guaranty supplement delivered pursuant to
Section 6.12.

     

    “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.

     

    “Hedge
      Bank” means any Person that, at the time it enters into a Secured Hedge
      Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party
      to such Secured Hedge Agreement.

     

    “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:

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

           
      (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)  the
      maximum amount of 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;

     

                   
      (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
      and not past due for more than 60 days after the date on which such trade
      account was created);

     

           
      (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)  all
      Attributable Indebtedness in respect of Capitalized Leases and Synthetic Lease
      Obligations of such Person and all Synthetic Debt of such Person;

     

           
      (g)  all
      obligations of such Person to purchase, redeem, retire, defease or otherwise
      make any payment in respect of any Equity Interest in such Person or any other
      Person or any warrant, right or option to acquire such Equity Interest, valued,
      in the case of a redeemable preferred interest, 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.

     

    “Indemnified
      Taxes” means Taxes other than Excluded
      Taxes.

     

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

     

    “Information”
      has the meaning specified in Section 11.07.

     

    “Intangible
      Assets” means assets that are considered to be intangible assets under GAAP,
      including customer lists, goodwill, computer software, copyrights, trade names,
      trademarks, patents, franchises, licenses, unamortized deferred charges,
      unamortized debt discount and capitalized research and development
      costs.

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    “Intellectual
      Property Security Agreement” has the meaning specified in
Section 4.01(a)(iv).

     

    “Interest
      Payment Date” means, (a) as to any Eurodollar Rate Loan, the last day of
      each Interest Period applicable to such Loan and the Maturity Date of the
      Facility under which such Loan was made; provided that if any Interest
      Period for a Eurodollar Rate Loan exceeds three months, the respective dates
      that fall every three months after the beginning of such Interest Period shall
      also be Interest Payment Dates; and (b) as to any Base Rate Loan or Swing Line
      Loan, the last Business Day of each March, June, September and December and
      the
      Maturity Date of the Facility under which such Loan was made (with Swing Line
      Loans being deemed made under the Revolving Credit Facility for purposes of
      this
      definition).

     

    “Interest
      Period” means, as to each Eurodollar Rate Loan, the period commencing on the
      date such Eurodollar Rate Loan is disbursed or converted to or continued as
      a
      Eurodollar Rate Loan and ending on the date one, two, three or six months
      thereafter, as selected by the Borrower in its 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 next preceding Business Day;

     

           
      (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 of the Facility under
      which such Loan was made.

     

    “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 Equity
      Interests 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 interest in, another 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 specified in Section 5.17.

     

    “IP
      Security Agreement Supplement” has the meaning specified in Section 1.03 of
      the Security Agreement.

     

    “IRS”
      means the United States Internal Revenue Service.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

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

     

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

     

    “Laws”
      means, collectively, all international, foreign, Federal, state and local
      statutes, treaties, rules, guidelines, 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, and all
      applicable administrative orders, directed duties, requests, licenses,
      authorizations and permits of, and agreements with, any Governmental Authority,
      in each case whether or not having the force of law.

     

    “L/C
      Advance” means, with respect to each Revolving Credit Lender, such Lender’s
      funding of its participation in any L/C Borrowing in accordance with its
      Applicable Revolving Credit Percentage.

     

    “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
      thereof or extension of the expiry date thereof (including the automatic
      extension of an Auto-Extension Letter of Credit), or the increase of the amount
      thereof.

     

    “L/C
      Issuer” means Bank of America in its capacity as issuer of Letters of Credit
      hereunder, or any successor issuer of Letters of Credit hereunder.

     

    “L/C
      Obligations” means, as at any date of determination, the aggregate amount
      available to be drawn under all outstanding Letters of Credit plus the
      aggregate of all Unreimbursed Amounts, including all L/C
      Borrowings.  For purposes of computing the amount available to be
      drawn under any Letter of Credit, the amount of such Letter of Credit shall
      be
      determined in accordance with Section 1.06.  For all purposes
      of this Agreement, if on any date of determination a Letter of Credit has
      expired by its terms but any amount may still be drawn thereunder by reason
      of
      the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed
      to
      be “outstanding” in the amount so remaining available to be drawn.

     

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

     

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

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    “Letter
      of Credit” means any standby letter of credit issued hereunder.

     

    “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 for the Revolving Credit Facility (or, if such
      day
      is not a Business Day, the next preceding Business Day).

     

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

     

    “Letter
      of Credit Sublimit” means an amount equal to $5,000,000.  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 in the nature of a security
      interest of any kind or nature whatsoever (including any conditional sale or
      other title retention agreement, any easement, right of way or other encumbrance
      on title to real property, and any 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 Term Loan, a Revolving Credit Loan or a Swing Line
      Loan.

     

    “Loan
      Documents” means, collectively, (a) this Agreement, (b) the Notes, (c)
      the Guaranty, (d) the Collateral Documents, (e) the Fee Letter, (f) each Issuer
      Document, (g) each Secured Hedge Agreement and (h) each Secured Cash
      Management Agreement; provided that for purposes of the definition of
“Material Adverse Effect” and Articles IV through IX, “Loan
      Documents” shall not include Secured Hedge Agreements or Secured Cash Management
      Agreements.

     

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

     

    “Material
      Adverse Effect” means (a) a material adverse change in, or a material
      adverse effect upon, the operations, business, properties, liabilities (actual
      or contingent), condition (financial or otherwise) or prospects of the Borrower
      or the Borrower and its Subsidiaries taken as a whole; (b) a material impairment
      of the rights and remedies of the Administrative 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; provided that none of
      the following shall be deemed to constitute, and none of the following shall
      be
      taken into account in determining whether there has been, a Material Adverse
      Effect:  any adverse change, event, development, or effect to the
      extent arising from (1) changes in general business or economic conditions
      occurring after the date of this Agreement, including such conditions related
      to
      the business of the Borrower and its Subsidiaries but not unique for the
      Borrower and its Subsidiaries, (2) changes in national or international
      political or social conditions occurring after the date of this Agreement,
      including engagement by the United States in hostilities, whether or not
      pursuant to the declaration of a national emergency or war, or the occurrence
      of
      any military or terrorist attack upon the United States or any of its
      territories, possessions or diplomatic or consular offices or upon any military
      installation, equipment or personnel of the United States, (3) any disruption
      in
      the financial, banking, or securities markets, (4) changes in United States
      generally accepted accounting principles, (5) Changes in Law, or
      (6)  the taking of any action contemplated by the Loan
      Documents.

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    “Material
      Contract” means, with respect to any Person, each contract required to be
      filed as an exhibit to Borrower’s periodic reports filed with the Securities and
      Exchange Commission pursuant to the Securities Exchange Act of 1934, as
      amended.

     

    “Maturity
      Date” means September 14, 2011; provided that if such date is not a
      Business Day, the Maturity Date shall be the next preceding Business
      Day.

     

    “Measurement
      Period” means, at any date of determination, the most recently completed
      four fiscal quarters of the Borrower.

     

    “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 any Disposition by any Loan Party or any of its Subsidiaries, or
      any
      Extraordinary Receipt received or paid to the account of 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 transaction (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 the applicable asset and that is required to be repaid in
      connection with such transaction (other than Indebtedness under the Loan
      Documents), (B) the reasonable and customary out-of-pocket expenses incurred
      by
      such Loan Party or such Subsidiary in connection with such transaction and
      (C)
      income taxes reasonably estimated to be actually payable within two years of
      the
      date of the relevant transaction as a result of any gain recognized in
      connection therewith; provided that, if the amount of any estimated taxes
      pursuant to subclause (C) exceeds the amount of taxes actually required to
      be
      paid in cash in respect of such Disposition, the aggregate amount of such excess
      shall constitute Net Cash Proceeds; and

     

           
      (b)  with
      respect to the sale or issuance of any Equity Interest by any Loan Party or
      any
      of its Subsidiaries, or the incurrence or issuance of any Indebtedness by any
      Loan Party or any of its Subsidiaries, the excess of (i) the sum of the cash
      and
      Cash Equivalents received in connection with such transaction over (ii) the
      underwriting discounts and commissions, and other reasonable and customary
      out-of-pocket expenses, incurred by such Loan Party or such Subsidiary in
      connection therewith.

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

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

     

    “Note”
      means a Term Loan Note or a Revolving Credit Note, as the context may
      require.

     

    “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 or any Affiliate thereof of any
      proceeding under any Debtor Relief Laws naming such Person as the debtor in
      such
      proceeding, regardless of whether such interest and fees are allowed claims
      in
      such proceeding.

     

    “Organization
      Documents” means, (a) with respect to any corporation, the certificate or
      articles of incorporation and the bylaws (or equivalent or comparable
      constitutive documents with respect to any non-U.S. jurisdiction); (b) with
      respect to any limited liability company, the certificate or articles of
      formation or organization and operating agreement; and (c) with respect to
      any
      partnership, joint venture, trust or other form of business entity, the
      partnership, joint venture or other applicable agreement of formation or
      organization 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” means all present or future stamp or documentary taxes or any other
      excise or property taxes, charges or similar levies arising from any payment
      made hereunder or under any other Loan Document or from the execution, delivery
      or enforcement of, or otherwise with respect to, this Agreement or any other
      Loan Document.

     

    “Outstanding
      Amount” means (a) with respect to Term Loan, Revolving Credit Loans and
      Swing Line Loans on any date, the aggregate outstanding principal amount thereof
      after giving effect to any borrowings and prepayments or repayments of Term
      Loan, Revolving Credit Loans and Swing Line Loans, as the case may be, occurring
      on such date; and (b) 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 by the Borrower of Unreimbursed Amounts.

     

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

     

    “PBGC”
      means the Pension Benefit Guaranty Corporation.

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    “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.

     

    “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.

     

    “Platform”
      has the meaning specified in Section 6.02.

     

    “Pledged
      Debt” has the meaning specified in Section 2.01 of the Security
      Agreement.

     

    “Pledged
      Equity” has the meaning specified in Section 2.01 of the Security
      Agreement.

     

    “Public
      Lender” has the meaning specified in Section 6.02.

     

     “Reduction
      Amount” has the meaning set forth in Section
      2.05(b)(ix).

     

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

     

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

     

    “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 Term Loan or 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 holding more than
      50% of the sum of the (a) Total Outstandings (with the
      aggregate amount of each Revolving Credit Lender’s risk participation and funded
      participation in L/C Obligations and Swing Line Loans being deemed “held” by
      such Revolving Credit Lender for purposes of this definition) and (b) aggregate
      unused Revolving Credit Commitments; provided that the unused Revolving
      Credit Commitment of, and the 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.

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

    “Required
      Revolving Lenders” means, as of any date of determination, Revolving Credit
      Lenders holding more than 50% of the sum of the
      (a) Total Revolving Credit Outstandings (with the aggregate amount of each
      Revolving Credit Lender’s risk participation and funded participation in L/C
      Obligations and Swing Line Loans being deemed “held” by such Revolving Credit
      Lender for purposes of this definition) and (b) aggregate unused Revolving
      Credit Commitments; provided that the unused Revolving Credit Commitment
      of, and the portion of the Total Revolving Credit Outstandings held or deemed
      held by, any Defaulting Lender shall be excluded for purposes of making a
      determination of Required Revolving Lenders.

     

    “Required
      Term Loan Lenders” means, as of any date of determination, Term Loan Lenders
      holding more than 50% of the Term Loan Facility on such
      date; provided that the portion of the Term Loan Facility held by any
      Defaulting Lender shall be excluded for purposes of making a determination
      of
      Required Term Loan Lenders.

     

    “Responsible
      Officer” means the chief executive officer, president, chief financial
      officer, treasurer, assistant treasurer or controller of a Loan Party and any
      other officer or employee of the applicable Loan Party so designated by any
      of
      the foregoing officers in a notice to the Administrative Agent.  Any
      document delivered hereunder that is signed by a Responsible Officer of a Loan
      Party shall be conclusively presumed to have been authorized by all necessary
      corporate, partnership and/or other action on the part of such Loan Party and
      such Responsible Officer shall be conclusively presumed to have acted on behalf
      of such Loan Party.

     

    “Restricted
      Payment” means any dividend or other distribution (whether in cash,
      securities or other property) with respect to any capital stock or other Equity
      Interest of any Person or any of its Subsidiaries, or 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 such capital stock or other
      Equity Interest, or on account of any return of capital to any Person’s
      stockholders, partners or members (or the equivalent of any thereof), or any
      option, warrant or other right to acquire any such dividend or other
      distribution or payment.

     

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

     

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

     

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

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

     

    “Revolving
      Credit Lender” means, at any time, any Lender that has a Revolving Credit
      Commitment at such time.

     

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

     

    “Revolving
      Credit Note” means a promissory note made by the Borrower in favor of a
      Revolving Credit Lender evidencing Revolving Credit Loans or Swing Line Loans,
      as the case may be, made by such Revolving Credit Lender, substantially in
      the
      form of Exhibit C-2.

     

    “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.

     

    “Secured
      Cash Management Agreement” means any Cash Management Agreement that is
      entered into by and between the Borrower and any Cash Management
      Bank.

     

    “Secured
      Hedge Agreement” means any interest rate Swap Contract permitted under
Article VI or VII that is entered into by and between the Borrower
      and any Hedge Bank.

     

    “Secured
      Parties” means, collectively, the Administrative Agent, the Lenders, the L/C
      Issuer, the Hedge Banks, the Cash Management Banks, each co-agent or sub-agent
      appointed by the Administrative Agent from time to time pursuant to
Section 9.05, and the other Persons the Obligations owing to which
      are or are purported to be secured by the Collateral under the terms of the
      Collateral Documents.

     

    “Security
      Agreement” has the meaning specified in
Section 4.01(a)(iii).

     

    “Security
      Agreement Supplement” has the meaning specified in Section 1.03 of the
      Security Agreement.

     

    “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.

     

    “Solvent”
      and “Solvency” mean, with respect to any Person on any date of
      determination, that on such date (a) the fair value of the property of such
      Person is greater than the total amount of liabilities, including contingent
      liabilities, of such Person, (b) the present fair salable value of the
      assets of such Person is not less than the amount that will be required to
      pay
      the probable liability of such Person on its debts as they become absolute
      and
      matured, (c) such Person 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, (d) such Person is not engaged in business
      or a transaction, and is not about to engage in business or a transaction,
      for
      which such Person’s property would constitute an unreasonably small capital, and
      (e) such Person is able to pay its debts and liabilities, contingent obligations
      and other commitments as they mature in the ordinary course of
      business.  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.

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

     

    “Swing
      Line Sublimit” means an amount equal to the lesser of (a)
      $2,000,000 and (b) the Revolving Credit
      Facility.  The Swing Line Sublimit is part of, and not in addition to,
      the Revolving Credit Facility.

     

    “Synthetic
      Debt” means, with respect to any Person as of any date of determination
      thereof, all obligations of such Person in respect of transactions entered
      into
      by such Person that are intended to function primarily as a borrowing of funds
      but are not otherwise included in the definition of “Indebtedness” or as a
      liability on the consolidated balance sheet of such Person and its Subsidiaries
      in accordance with GAAP.

     

    “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 (including sale and leaseback
      transactions), in each case, creating obligations that do not appear on the
      balance sheet of such Person but which, upon the application of any Debtor
      Relief Laws to such Person, would be characterized as the indebtedness of such
      Person (without regard to accounting treatment).

     

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

     

    “Term
      Loan” means an advance made by any Term Loan Lender under the Term Loan
      Facility.

     

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

     

    “Term
      Loan Commitment” means, as to each Term Loan Lender, its obligation to make
      Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate
      principal amount at any one time outstanding not to exceed the amount set forth
      opposite such Term Loan Lender’s name on Schedule 2.01 under the caption
“Term Loan Commitment” or opposite such caption in the Assignment and Assumption
      pursuant to which such Term Loan Lender becomes a party hereto, as applicable,
      as such amount may be adjusted from time to time in accordance with this
      Agreement.

     

    “Term
      Loan Facility” means, at any time, (a) at any time during the
      Availability Period in respect of such Facility, the sum of (i) the aggregate
      amount of the Term Loan Commitment at such time and (ii) the aggregate principal
      amount of the Term Loan of all Term Loan Lenders outstanding at such time and
      (b) thereafter, the aggregate principal amount of the Term Loan of all Term
      Loan Lenders outstanding at such time.

     

    “Term
      Loan Lender” means (a) at any time on or prior to the Closing Date, any
      Lender that has a Term Loan Commitment at such time and (b) at any time
      after the Closing Date, any Lender that holds Term Loan at such
      time.

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

     

    “Term
      Loan Note” means a promissory note made by the Borrower in favor of a Term
      Loan Lender evidencing Term Loan made by such Term Loan Lender, substantially
      in
      the form of Exhibit C-1.

     

    “Threshold
      Amount” means $2,500,000.

     

    “Total
      Revolving Credit Outstandings” means the aggregate Outstanding Amount of all
      Revolving Credit Loans, Swing Line Loans and L/C Obligations.

     

    “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 Eurodollar
      Rate Loan.

     

    “UCC”
      means the Uniform Commercial Code as in effect in the State of Georgia;
provided that, if perfection or the effect of perfection or
      non-perfection or the priority of any security interest in any Collateral is
      governed by the Uniform Commercial Code as in effect in a jurisdiction other
      than the State of Georgia, “UCC” means the Uniform Commercial Code as in
      effect from time to time in such other jurisdiction for purposes of the
      provisions hereof relating to such perfection, effect of perfection or
      non-perfection or priority.

     

    “Unfunded
      Pension Liability” means the excess of a Pension Plan’s benefit liabilities
      under Section 4001(a)(16) of ERISA, over the current value of that Pension
      Plan’s assets, determined in accordance with the assumptions used for funding
      the Pension Plan pursuant to Section 412 of the Code for the applicable
      plan year.

     

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

     

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

     

    “U.S.
      Loan Party” means any Loan Party that is organized under the laws of one of
      the states of the United States of America and that is not a CFC.

     

    1.02    Other
      Interpretive Provisions.  With
      reference to this Agreement and each other Loan Document, unless otherwise
      specified herein or in such other Loan Document:

     

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

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

     

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

     

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

     

    1.03    Accounting
      Terms.

     

           
      (a)  Generally.  All
      accounting terms not specifically or completely defined herein shall be
      construed in conformity with, and all financial data (including financial ratios
      and other financial calculations) required to be submitted pursuant to this
      Agreement shall be prepared in conformity with, GAAP 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)  Changes
      in GAAP.  If at any time any change in GAAP would affect the
      computation of any financial ratio or requirement set forth in any Loan
      Document, and either the Borrower or the Required Lenders shall so request,
      the
      Administrative Agent, the Lenders and the Borrower shall negotiate in good
      faith
      to amend such ratio or requirement to preserve the original intent thereof
      in
      light of such change in GAAP (subject to the approval of the Required Lenders,
      which approval shall not be unreasonably withheld or delayed); 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 Administrative Agent and the Lenders financial
      statements and other documents required under this Agreement or as reasonably
      requested hereunder setting forth a reconciliation between calculations of
      such
      ratio or requirement made before and after giving effect to such change in
      GAAP.

     

           
      (c)  Consolidation
      of Variable Interest Entities.  All references herein to
      consolidated financial statements of the Borrower and its Subsidiaries or to
      the
      determination of any amount for the Borrower and its Subsidiaries on a
      consolidated basis or any similar reference shall, in each case, be deemed
      to
      include each variable interest entity that the Borrower is required to
      consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable
      Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such
      variable interest entity were a Subsidiary as defined herein.

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

     

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

     

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

     

    1.07  Currency
      Equivalents Generally.  Any
      amount specified in this Agreement (other than in Articles II, IX
      and X) 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 thereof in the applicable currency to be determined by the
      Administrative Agent at such time on the basis of the Spot Rate (as defined
      below) for the purchase of such currency with Dollars.  For purposes
      of this Section 1.07, the “Spot Rate” for a currency means
      the rate determined by the Administrative Agent to be the rate quoted by the
      Person acting in such capacity as the spot rate for the purchase by such Person
      of such currency with another currency through its principal foreign exchange
      trading office at approximately 11:00 a.m. on the date two Business Days prior
      to the date of such determination; provided that the Administrative Agent
      may obtain such spot rate from another financial institution designated by
      the
      Administrative Agent if the Person acting in such capacity does not have as
      of
      the date of determination a spot buying rate for any such currency.

     

    ARTICLE
      II

    THE
      COMMITMENTS AND CREDIT EXTENSIONS

     

    2.01  The
      Loans.

     

    (a)        
      The
      Term Loan Borrowing.  Subject to the terms and conditions set
      forth herein, each Term Loan Lender severally agrees to make loans to the
      Borrower from time to time, on any Business Day during the Availability Period
      for the Term Loan Facility, in an aggregate amount not to exceed such Term
      Loan
      Lender’s Term Loan Commitment Percentage of the Term Loan
      Facility.  Each Term Loan Borrowing shall consist of Term Loan made
      simultaneously by the Term Loan Lenders in accordance with their respective
      Applicable Percentage of the Term Loan Facility.  Amounts borrowed
      under this Section 2.01(a) and repaid or prepaid may not be
      reborrowed.  Term  Loans may be Base Rate Loans or Eurodollar
      Rate Loans, as further provided herein.

     

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

     

    (b)  [Intentionally
      Omitted].

     

    (c)  The
      Revolving Credit Borrowings.  Subject to the terms and conditions
      set forth herein, each Revolving Credit 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 for the Revolving
      Credit Facility, in an aggregate amount not to exceed at any time outstanding
      the amount of such Lender’s Revolving Credit Commitment; provided that
      after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving
      Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii)
      the
      aggregate Outstanding Amount of the Revolving Credit Loans of any Lender,
plus such Revolving Credit Lender’s Applicable Revolving Credit
      Percentage of the Outstanding Amount of all L/C Obligations, plus such
      Revolving Credit Lender’s Applicable Revolving Credit Percentage of the
      Outstanding Amount of all Swing Line Loans shall not exceed such Revolving
      Credit Lender’s Revolving Credit Commitment.  Within the limits of
      each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the
      other terms and conditions hereof, the Borrower may borrow under this Section
      2.01(c), prepay under Section 2.05, and reborrow under this
Section 2.01(c).  Revolving Credit Loans may be Base Rate Loans
      or Eurodollar Rate Loans, as further provided herein.

     

    2.02  Borrowings,
      Conversions and Continuations of Loans.

     

    (a)  Each
      Term
      Loan Borrowing, each Revolving Credit Borrowing, each conversion of Term Loan
      or
      Revolving Credit Loans from one Type to the other, and each continuation of
      Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice to
      the Administrative Agent, which may be given by telephone.  Each such
      notice must be received by the Administrative Agent not later than 11:00 a.m.
      (i) three Business Days prior to the requested date of any Borrowing of,
      conversion to or continuation of Eurodollar Rate Loans or of any conversion
      of
      Eurodollar Rate Loans to Base Rate Loans, and (ii) 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 Administrative Agent of a written Committed Loan Notice, appropriately
      completed and signed by a Responsible Officer of the Borrower.  Each
      Term Loan Borrowing of, conversion to or continuation of Eurodollar Rate Loans
      shall be in a principal amount of $2,000,000 or a whole multiple of $1,000,000
      in excess thereof.  Except as provided in Sections 2.03(c) and
2.04(c), each Term Loan Borrowing of or conversion to Base Rate Loans
      shall be in a principal amount of $500,000 or a whole multiple of $100,000
      in
      excess thereof.  Each Revolving Credit Borrowing of, conversion to or
      continuation of Eurodollar Rate Loans shall be in a principal amount of
      $1,000,000 or a whole multiple of $500,000 in excess thereof.  Except
      as provided in Sections 2.03(c) and 2.04(c), each Revolving Credit
      Borrowing of or conversion to Base Rate Loans shall be in a principal amount
      of
      $250,000 or a whole multiple of $50,000 in excess thereof.  Each
      Committed Loan Notice (whether telephonic or written) shall specify (i) whether
      the Borrower is requesting a Term Loan Borrowing, a Revolving Credit
      Borrowing, a conversion of Term Loan or Revolving Credit Loans from one Type
      to
      the other, or a continuation of Eurodollar Rate Loans, (ii) the requested date
      of the Borrowing, conversion or continuation, as the case may be (which shall
      be
      a Business Day), (iii) the principal amount of Loans to be borrowed, converted
      or continued, (iv) the Type of Loans to be borrowed or to which existing Term
      Loan or Revolving Credit Loans are to be converted, and (v) if applicable,
      the
      duration of the Interest Period with respect thereto.  If the Borrower
      fails to specify a Type of Loan in a Committed Loan Notice or if the Borrower
      fails to give a timely notice requesting a conversion or continuation, then
      the
      applicable Term Loan or 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 Eurodollar Rate Loans.  If the Borrower
      requests a Borrowing of, conversion to, or continuation of Eurodollar 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.  Notwithstanding anything to the contrary herein, a Swing Line
      Loan may not be converted to a Eurodollar Rate Loan.

     

    
      
        
        

      

      
        30

        
          

        

      

      
        
        

      

    

     

    (b)  Following
      receipt of a Committed Loan Notice, the Administrative Agent shall promptly
      notify each Lender of the amount of its Applicable Percentage under the
      applicable Facility of the applicable Term Loan or Revolving Credit Loans,
      and
      if no timely notice of a conversion or continuation is provided by the Borrower,
      the Administrative Agent shall notify each Lender of the details of any
      automatic conversion to Base Rate Loans described in Section
      2.02(a).  In the case of a Term Loan Borrowing or a Revolving
      Credit Borrowing, each Appropriate Lender shall make the amount of its Loan
      available to the Administrative Agent in immediately available funds at the
      Administrative Agent’s Office not later than 1:00 p.m. on the Business Day
      specified in the applicable Committed Loan Notice.  Upon satisfaction
      of the applicable conditions set forth in Section 4.02 (and, if such
      Borrowing is the initial Credit Extension, Section 4.01), the
      Administrative Agent shall make all funds so received available to the Borrower
      in like funds as received by the Administrative Agent either by (i) crediting
      the account of the Borrower on the books of Bank of America with the amount
      of
      such funds or (ii) wire transfer of such funds, in each case in accordance
      with instructions provided to (and reasonably acceptable to) the Administrative
      Agent by the Borrower; provided that if, on the date a Committed Loan
      Notice with respect to a Revolving Credit Borrowing is given by the Borrower,
      there are L/C Borrowings outstanding, then the proceeds of such Revolving Credit
      Borrowing, first, shall be applied to the payment in full of any such L/C
      Borrowings, and second, shall be made available to the Borrower as
      provided above.

     

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

     

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

     

    (e)  After
      giving effect to all Term Loan Borrowings, all conversions of Term 
Loans from one Type to the other, and all continuations of Term Loan as the
      same
      Type, there shall not be more than four (4) Interest Periods in effect in
      respect of the Term Loan Facility.  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 two (2) Interest Periods in effect in respect
      of the Revolving Credit Facility.

     

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    

     

    (f)  Anything
      in this Section 2.02 to the contrary notwithstanding, the Borrower may
      not select the Eurodollar Rate for the initial Credit Extension.

     

    2.03   
      Letters
      of Credit.

     

    (a)  The
      Letter of Credit Commitment.  (i)    Subject to the terms
      and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon
      the
      agreements of the Revolving Credit 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 its Subsidiaries, and to amend or
      extend Letters of Credit previously issued by it, in accordance with Section
      2.03(b), and (2) to honor drawings under the Letters of Credit; and (B) the
      Revolving Credit Lenders severally agree to participate in Letters of Credit
      issued for the account of the Borrower or its Subsidiaries and any drawings
      thereunder; provided that after giving effect to any L/C Credit Extension
      with respect to any Letter of Credit, (x) the Total Revolving Credit
      Outstandings shall not exceed the Revolving Credit Facility, (y) the aggregate
      Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender,
      plus such Lender’s Applicable Revolving Credit Percentage of the
      Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable
      Revolving Credit Percentage of the Outstanding Amount of all Swing Line Loans
      shall not exceed such Lender’s Revolving Credit Commitment, and (z) the
      Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit
      Sublimit.  Each request by the Borrower for the issuance or amendment
      of a Letter of Credit shall be deemed to be a representation by the Borrower
      that the L/C Credit Extension so requested complies with the conditions set
      forth in the proviso to the preceding sentence.  Within the foregoing
      limits, and subject to the terms and conditions hereof, the Borrower’s ability
      to obtain Letters of Credit shall be fully revolving, and accordingly the
      Borrower may, during the foregoing period, obtain Letters of Credit to replace
      Letters of Credit that have expired or that have been drawn upon and
      reimbursed.

     

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

     

    (A)  the
      expiry date of such requested Letter of Credit would occur more than twelve
      months after the date of issuance or last extension, unless the Required
      Revolving Lenders have approved such expiry date; or

     

    (B)  the
      expiry date of such requested Letter of Credit would occur after the four month
      anniversary of the Letter of Credit Expiration Date, unless all the Revolving
      Credit Lenders have approved such expiry date.

     

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

     

    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    

     

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

     

                  (C)  except
      as
      otherwise agreed by the Administrative Agent and the L/C Issuer, such Letter
      of
      Credit is in an initial stated amount less than $500,000;

     

                  (D)  such
      Letter of Credit is to be denominated in a currency other than
      Dollars;

     

                  (E)       such
      Letter of Credit contains any provision for automoatic reinstatement of the
      stated amount after any drawing thereunder; or

     

                  (F)        a
      default of any Lender’s obligations to fund under Section 2.03(c) exists
      or any Lender is at such time a Defaulting Lender hereunder, unless the L/C
      Issuer has entered into satisfactory arrangements with the Borrower or such
      Lender to eliminate the L/C Issuer’s risk with respect to such
      Lender.

     

        (iv)    
      The
      L/C
      Issuer shall not amend any Letter of Credit if the L/C Issuer would not be
      permitted at such time to issue such Letter of Credit in its amended form under
      the terms hereof.

     

        (v)  The
      L/C
      Issuer shall be under no 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.

     

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

     

    
      
        
        

      

      
        33

        
          

        

      

      
        
        

      

    

     

    (b)  Procedures
      for Issuance and Amendment of Letters of Credit; Auto-extension Letters of
      Credit.  (i)Each Letter of Credit shall be issued or amended, as
      the case may be, upon the request of the Borrower delivered to the L/C Issuer
      (with a copy to the Administrative Agent) in the form of a Letter of Credit
      Application, appropriately completed and signed by a Responsible Officer of
      the
      Borrower.  Such Letter of Credit Application must be received by the
      L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least
      three
      Business Days (or such later date and time as the Administrative Agent and
      the
      L/C Issuer may agree in a particular instance in their sole discretion) prior
      to
      the proposed issuance date or date of amendment, as the case may
      be.  In the case of a request for an initial issuance of a Letter of
      Credit, such Letter of Credit Application shall specify in form and detail
      reasonably satisfactory to the 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) the purpose
      and nature of the requested Letter of Credit; and (H) such other matters as
      the
      L/C Issuer may reasonably require.  In the case of a request for an
      amendment of any outstanding Letter of Credit, such Letter of Credit Application
      shall specify in form and detail reasonably satisfactory to the L/C Issuer
      (1)
      the Letter of Credit to be amended; (2) the proposed date of amendment thereof
      (which shall be a Business Day); (3) the nature of the proposed amendment;
      and
      (4) such other matters as the L/C Issuer may reasonably
      require.  Additionally, the Borrower shall furnish to the L/C Issuer
      and the Administrative Agent such other documents and information pertaining
      to
      such requested Letter of Credit issuance or amendment, including any Issuer
      Documents, as the L/C Issuer or the Administrative Agent may reasonably
      require.

     

        (ii)  Promptly
      after receipt of any Letter of Credit Application, the L/C Issuer will confirm
      with the Administrative Agent (by telephone or in writing) that the
      Administrative Agent has received a copy of such Letter of Credit Application
      from the Borrower and, if not, the L/C Issuer will provide the Administrative
      Agent with a copy thereof.  Unless the L/C Issuer has received written
      notice from any Revolving Credit Lender, the Administrative Agent or any Loan
      Party, at least one Business Day prior to the requested date of issuance or
      amendment of the applicable Letter of Credit, that one or more applicable
      conditions contained in Article IV shall not then be satisfied, 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
      the
      applicable Subsidiary) 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 of each Letter of
      Credit, each Revolving Credit 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 Revolving
      Credit Lender’s Applicable Revolving Credit Percentage times the amount
      of such Letter of Credit.

     

    
      
        
        

      

      
        34

        
          

        

      

      
        
        

      

    

     

        (iii)    
      If
      the
      Borrower so requests in any applicable Letter of Credit Application, the L/C
      Issuer shall issue a Letter of Credit that has automatic extension provisions
      (each, an “Auto-Extension Letter of Credit”); provided that any
      such Auto-Extension Letter of Credit must permit the L/C Issuer to prevent
      any
      such extension at least once in each twelve-month period (commencing with the
      date of issuance of such Letter of Credit) by giving prior notice to the
      beneficiary thereof not later than a day (the “Non-Extension Notice
      Date”) in each such twelve-month period to be agreed upon at the time such
      Letter of Credit is issued.  The Borrower shall not be required to
      make a specific request to the L/C Issuer for any such
      extension.  Once an Auto-Extension Letter of Credit has been issued,
      the Revolving Credit Lenders shall be deemed to have authorized (but may not
      require) the L/C Issuer to permit the extension of such Letter of Credit at
      any
      time to an expiry date not later than the four month anniversary of the Letter
      of Credit Expiration Date; provided that the L/C Issuer shall not permit
      any such extension if (A) the L/C Issuer has determined that it would not be
      permitted, or would have no obligation at such time to issue such Letter of
      Credit in its revised form (as extended) under the terms hereof (by reason
      of
      the provisions of clause (ii) or (iii) of Section 2.03(a) or otherwise),
      or (B) it has received notice (which may be by telephone or in writing) on
      or
      before the day that is seven Business Days before the Non-Extension Notice
      Date
      from the Administrative Agent, any Revolving Credit Lender or the Borrower
      that
      one or more of the applicable conditions specified in Section 4.02 is not
      then satisfied, and in each such case directing the L/C Issuer not to permit
      such extension.

     

        (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 Administrative 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 Administrative Agent
      thereof.  Not later than 11:00 a.m. 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 Administrative 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 Administrative Agent shall
      promptly notify each Revolving Credit Lender of the Honor Date, the amount
      of
      the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of
      such Revolving Credit Lender’s Applicable Revolving Credit Percentage
      thereof.  In such event, the Borrower shall be deemed to have
      requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on
      the
      Honor Date in an 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
      Revolving Credit Commitments and the conditions set forth in Section 4.02
      (other than the delivery of a Committed Loan Notice).  Any notice
      given by the L/C Issuer or the Administrative Agent pursuant to this Section
      2.03(c)(i) may be given by telephone if immediately confirmed in writing;
provided that the lack of such an immediate confirmation shall not affect
      the conclusiveness or binding effect of such notice.

     

    
      
        
        

      

      
        35

        
          

        

      

      
        
        

      

    

     

        (ii)  Each
      Revolving Credit Lender shall upon any notice pursuant to
Section 2.03(c)(i) make funds available to the Administrative Agent
      for the account of the L/C Issuer at the Administrative Agent’s Office in an
      amount equal to its Applicable Revolving Credit Percentage of the Unreimbursed
      Amount not later than 1:00 p.m. on the Business Day specified in such notice
      by
      the Administrative Agent, whereupon, subject to the provisions of Section
      2.03(c)(iii), each Revolving Credit Lender that so makes funds available
      shall be deemed to have made a Base Rate Loan to the Borrower in such
      amount.  The Administrative 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 4.02 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 Revolving
      Credit Lender’s payment to the Administrative 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 Revolving Credit 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
      Applicable Revolving Credit Percentage of such amount shall be solely for the
      account of the L/C Issuer.

     

        (v)  Each
      Revolving Credit 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 (C) any other
      occurrence, event or condition, whether or not similar to any of the foregoing;
      provided that each Revolving Credit Lender’s obligation to make Revolving
      Credit Loans pursuant to this Section 2.03(c) is subject to the
      conditions set forth in Section 4.02 (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
      Revolving Credit Lender fails to make available to the Administrative 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 Administrative Agent), on demand,
      such amount with interest thereon for the period from the date such payment
      is
      required to the date on which such payment is immediately available to the
      L/C
      Issuer at a rate per annum equal to the greater of the Federal Funds Rate and
      a
      rate determined by the L/C Issuer in accordance with banking industry rules
      on
      interbank compensation, plus any administrative, processing or similar fees
      customarily charged by the L/C Issuer in connection with the
      foregoing.  If such Lender pays such amount (with interest and fees as
      aforesaid), the amount so paid shall constitute such Lender’s Committed Loan
      included in the relevant Committed Borrowing or L/C Advance in respect of the
      relevant L/C Borrowing, as the case may be.  A certificate of the L/C
      Issuer submitted to any Revolving Credit Lender (through the Administrative
      Agent) with respect to any amounts owing under this
Section 2.03(c)(vi) shall be conclusive absent manifest
      error.

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

     

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

     

        (ii)  If
      any
      payment received by the Administrative 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 11.05 (including pursuant to any
      settlement entered into by the L/C Issuer in its discretion), each Revolving
      Credit Lender shall pay to the Administrative Agent for the account of the
      L/C
      Issuer its Applicable Revolving Credit Percentage thereof on demand of the
      Administrative 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.  The obligations
      of the Lenders under this clause shall survive the payment in full of the
      Obligations and the termination of this Agreement.

     

    (e)  Obligations
      Absolute.  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 Loan Document;

     

        (ii)  the
      existence of any claim, counterclaim, setoff, defense or other right that the
      Borrower or any Subsidiary 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;

     

    
      
        
        

      

      
        37

        
          

        

      

      
        
        

      

    

     

        (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 reasonably 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; or

     

        (v)  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 or any of its
      Subsidiaries.

     

    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 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, the Administrative Agent, any of their respective Related Parties nor
      any correspondent, participant or assignee 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 Revolving Credit Lenders or the Required
      Revolving Lenders, as applicable; (ii) any action taken or omitted in the
      absence of gross negligence or willful misconduct; or (iii) the due execution,
      effectiveness, validity or enforceability of any document or instrument related
      to any Letter of Credit or Issuer Document.  The Borrower hereby
      assumes all risks of the acts or omissions of any beneficiary or transferee
      with
      respect to its use of any Letter of Credit; provided 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, the Administrative
      Agent, any of their respective Related Parties nor any correspondent,
      participant or assignee 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 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.

     

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

    

     

    (g)  Cash
      Collateral.  Upon the request of the Administrative 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 L/C Obligation for any reason remains
      outstanding, the Borrower shall, in each case, immediately Cash Collateralize
      the then Outstanding Amount of all L/C Obligations.  Sections
      2.05 and 8.02(c) set forth certain additional requirements to deliver
      Cash Collateral hereunder.  For purposes of this Section 2.03,
Section 2.05 and Section 8.02(c), “Cash Collateralize”
means to pledge and deposit with or deliver
      to the Administrative 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 reasonably satisfactory to the Administrative 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 Administrative 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 bearing deposit accounts at Bank of America.  If at any
      time the Administrative Agent determines that any funds held as Cash Collateral
      are subject to any right or claim of any Person other than the Administrative
      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 Administrative Agent, pay to the Administrative Agent, as
      additional funds to be deposited as Cash Collateral, an amount equal to the
      excess of (x) such aggregate Outstanding Amount over (y) the total
      amount of funds, if any, then held as Cash Collateral that the Administrative
      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 Laws, to reimburse the L/C Issuer.

     

    (h)  Applicability
      of ISP and UCP.  Unless otherwise expressly agreed by the L/C
      Issuer and the Borrower when a Letter of Credit is issued, (i) the rules of
      the
      ISP 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 at the time of issuance shall apply
      to
      each commercial Letter of Credit.

     

    (i)  Letter
      of Credit Fees.  The Borrower shall pay to the Administrative
      Agent for the account of each Revolving Credit Lender in accordance with its
      Applicable Revolving Credit Percentage a Letter of Credit fee (the “Letter of
      Credit Fee”) for each Letter of Credit equal to the Applicable Rate
times the daily amount available to be drawn under such Letter of
      Credit.  For purposes of computing the daily amount available to be
      drawn under any Letter of Credit, the amount of such Letter of Credit shall
      be
      determined in accordance with Section 1.06.  Letter of Credit
      Fees shall be (i) due and payable on the last Business Day of each March, June,
      September and December, commencing with the first such date to occur after
      the
      issuance of such Letter of Credit, on the Letter of Credit Expiration Date
      and
      thereafter on demand and (ii) computed on a quarterly basis in
      arrears.  If there is any change in the Applicable Rate during any
      quarter, the daily amount available to be drawn under each Letter of Credit
      shall be computed and multiplied by the Applicable Rate separately for each
      period during such quarter that such Applicable Rate was in
      effect.  Notwithstanding anything to the contrary contained herein,
      upon the request of the Required Revolving Lenders, while any Event of Default
      exists, all Letter of Credit Fees shall accrue at the Default Rate.

     

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

    

     

    (j)  Fronting
      Fee and Documentary and Processing Charges Payable to 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, at the rate
      per annum specified in the Fee Letter, computed on the daily amount available
      to
      be drawn under such Letter of Credit on a quarterly basis in
      arrears.  Such fronting fee shall be due and payable on the tenth
      Business Day after the end of each March, June, September and December in
      respect of the most recently-ended quarterly period (or portion thereof, in
      the
      case of the first payment), commencing with the first such date to occur after
      the issuance of such Letter of Credit, on the Letter of Credit Expiration Date
      and thereafter on demand.  For purposes of computing the daily amount
      available to be drawn under any Letter of Credit, the amount of such Letter
      of
      Credit shall be determined in accordance with Section 1.06.  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)  Conflict
      with Issuer Documents.  In the event of any conflict between the
      terms hereof and the terms of any Issuer Document, the terms hereof shall
      control.

     

    (l)  Letters
      of Credit Issued for Subsidiaries.  Notwithstanding that a Letter
      of Credit issued or outstanding hereunder is in support of any obligations
      of,
      or is for the account of, a Subsidiary, the Borrower shall be obligated to
      reimburse the L/C Issuer hereunder for any and all drawings under such Letter
      of
      Credit.  The Borrower hereby acknowledges that the issuance of Letters
      of Credit for the account of Subsidiaries inures to the benefit of the Borrower,
      and that the Borrower’s business derives substantial benefits from the
      businesses of such Subsidiaries.

     

    2.04  Swing
      Line Loans.

     

    (a)  The
      Swing Line.  Subject to the terms and conditions set forth herein,
      the Swing Line Lender agrees, in reliance upon the agreements of the other
      Lenders set forth in this Section 2.04, to make loans (each such loan, a
“Swing Line Loan”) to the Borrower from time to time on any Business Day
      during the Availability Period in an aggregate amount not to exceed at any
      time
      outstanding the amount of the Swing Line Sublimit, notwithstanding the fact
      that
      such Swing Line Loans, when aggregated with the Applicable Revolving Credit
      Percentage of the Outstanding Amount of Revolving Credit Loans and L/C
      Obligations of the Lender acting as Swing Line Lender, may exceed the amount
      of
      such Lender’s Revolving Credit Commitment; provided that after giving
      effect to any Swing Line Loan, (i) the Total Revolving Credit Outstandings
      shall
      not exceed the Revolving Credit Facility at such time, and (ii) the aggregate
      Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender
      at such time, plus such Revolving Credit Lender’s Applicable Revolving
      Credit Percentage of the Outstanding Amount of all L/C Obligations at such
      time,
plus such Revolving Credit Lender’s Applicable Revolving Credit
      Percentage of the Outstanding Amount of all Swing Line Loans at such time shall
      not exceed such Lender’s Revolving Credit Commitment; and
providedfurther 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 bear interest only at a rate
      based on the Base Rate.  Immediately upon the making of a Swing Line
      Loan, each Revolving Credit 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
      Revolving Credit Lender’s Applicable Revolving Credit Percentage times
      the amount of such Swing Line Loan.

     

    
      
        
        

      

      
        40

        
          

        

      

      
        
        

      

    

     

    (b)  Borrowing
      Procedures.  Each Swing Line Borrowing shall be made upon the
      Borrower’s irrevocable notice to the Swing Line Lender and the Administrative
      Agent, which may be given by telephone.  Each such notice must be
      received by the Swing Line Lender and the Administrative Agent not later than
      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
      Administrative 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
      Administrative Agent (by telephone or in writing) that the Administrative Agent
      has also received such Swing Line Loan Notice and, if not, the Swing Line Lender
      will notify the Administrative Agent (by telephone or in writing) of the
      contents thereof.  Unless the Swing Line Lender has received notice
      (by telephone or in writing) from the Administrative Agent (including at the
      request of any Revolving Credit 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 first
      proviso to the first sentence of Section 2.04(a), or (B) that one or more
      of the applicable conditions specified in Article IV 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 to so request on
      its
      behalf), that each Revolving Credit Lender make a Base Rate Loan in an amount
      equal to such Lender’s Applicable Revolving Credit Percentage 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
      Revolving Credit Facility and the conditions set forth in Section
      4.02.  The Swing Line Lender shall furnish the Borrower with a
      copy of the applicable Committed Loan Notice promptly after delivering such
      notice to the Administrative Agent.  Each Revolving Credit Lender
      shall make an amount equal to its Applicable Revolving Credit Percentage of
      the
      amount specified in such Committed Loan Notice available to the Administrative
      Agent in immediately available funds for the account of the Swing Line Lender
      at
      the Administrative Agent’s Office not later than 1:00 p.m. on the day specified
      in such Committed Loan Notice, whereupon, subject to Section 2.04(c)(ii),
      each Revolving Credit Lender that so makes funds available shall be deemed
      to
      have made a Base Rate Loan to the Borrower in such amount.  The
      Administrative Agent shall remit the funds so received to the Swing Line
      Lender.

     

    
      
        
        

      

      
        41

        
          

        

      

      
        
        

      

    

     

    (ii)  If
      for
      any reason any Swing Line Loan cannot be refinanced by such 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
      Revolving Credit Lenders fund its risk participation in the relevant Swing
      Line
      Loan and each Revolving Credit Lender’s payment to the Administrative 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
      Revolving Credit Lender fails to make available to the Administrative Agent
      for
      the account of the Swing Line Lender any amount required to be paid by such
      Lender pursuant to the foregoing provisions of this Section 2.04(c) by
      the time specified in Section 2.04(c)(i), the Swing Line Lender shall be
      entitled to recover from such Lender (acting through the Administrative Agent),
      on demand, such amount with interest thereon for the period from the date such
      payment is required to the date on which such payment is immediately available
      to the Swing Line Lender at a rate per annum equal to the greater of the Federal
      Funds Rate and a rate determined by the Swing Line Lender in accordance with
      banking industry rules on interbank compensation, plus any administrative,
      processing or similar fees customarily charged by the Swing Line Lender in
      connection with the foregoing.  If such Lender pays such amount (with
      interest and fees as aforesaid), the amount so paid shall constitute such
      Lender’s Committed Loan included in the relevant Committed Borrowing or funded
      participation in the relevant Swing Line Loan, as the case may be.  A
      certificate of the Swing Line Lender submitted to any Lender (through the
      Administrative Agent) with respect to any amounts owing under this clause (iii)
      shall be conclusive absent manifest error.

     

    (iv)  Each
      Revolving Credit 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
      that each Revolving Credit Lender’s obligation to make Revolving Credit Loans
      pursuant to this Section 2.04(c) is subject to the conditions set
      forth in Section 4.02.  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.

     

    
      
        
        

      

      
        42

        
          

        

      

      
        
        

      

    

     

                  
      (d)  Repayment
      of Participations.  (i)  At any time after any Revolving
      Credit 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 Revolving Credit Lender
      its Applicable Revolving Credit Percentage thereof in the same funds as those
      received by the Swing Line Lender.

     

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

     

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

     

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

     

    2.05  Prepayments.

     

    (a)  Optional.

     

    (i)  Subject
      to the last sentence of this Section 2.05(a)(i), the Borrower may, upon
      notice to the Administrative Agent, at any time or from time to time voluntarily
      prepay Term Loan and Revolving Credit Loans in whole or in part without premium
      or penalty; provided that (A) such notice must be received by the
      Administrative Agent not later than 11:00 a.m. (1) three Business Days prior
      to
      any date of prepayment of Eurodollar Rate Loans and (2) on the date of
      prepayment of Base Rate Loans; (B) any prepayment of Eurodollar Rate Loans
      shall
      be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in
      excess thereof; and (C) any prepayment of Base Rate Loans shall be in a
      principal amount of $500,000 or a whole multiple of $100,000 in excess thereof
      or, in each case, if less, the entire principal amount thereof then
      outstanding.  Each such notice shall specify the date and amount of
      such prepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Rate
      Loans are to be prepaid, the Interest Period(s) of such Loans.  The
      Administrative Agent will promptly notify each Lender of its receipt of each
      such notice, and of the amount of such Lender’s ratable portion of such
      prepayment (based on such Lender’s Applicable Percentage in respect of the
      relevant Facility).  If such notice is given by the Borrower, the
      Borrower shall make such prepayment and the payment amount specified in such
      notice shall be due and payable on the date specified therein.  Any
      prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued
      interest on the amount prepaid, together with any additional amounts required
      pursuant to Section 3.05.  Each prepayment of the outstanding
      Term Loan pursuant to this Section 2.05(a) shall be applied to the
      principal repayment installments thereof in inverse order of maturity, and
      each
      such prepayment shall be paid to the Lenders in accordance with their respective
      Applicable Percentages in respect of each of the relevant
      Facilities.

     

    
      
        
        

      

      
        43

        
          

        

      

      
        
        

      

    

     

       
      (ii)  The
      Borrower may, upon notice to the Swing Line Lender (with a copy to the
      Administrative Agent), at any time or from time to time, voluntarily prepay
      Swing Line Loans in whole or in part without premium or penalty; provided
      that (A) such notice must be received by the Swing Line Lender and the
      Administrative Agent not later than 1:00 p.m. on the date of the prepayment,
      and
      (B) 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)  [Intentionally
      Omitted].

     

    (ii)  If
      any
      Loan Party or any of its Subsidiaries Disposes of any property (other than
      any
      Disposition of any property permitted by Section 7.05) which results in
      the realization by such Person of Net Cash Proceeds, the Borrower shall prepay
      an aggregate principal amount of Loans equal to 100% of such Net Cash Proceeds
      immediately upon receipt thereof by such Person (such prepayments to be applied
      as set forth in clauses (vi) and (ix) below); provided that, with respect
      to any Net Cash Proceeds realized under a Disposition described in this
Section 2.05(b)(ii), at the election of the Borrower (as notified by the
      Borrower to the Administrative Agent on or prior to the date of such
      Disposition), and so long as no Default shall have occurred and be continuing,
      such Loan Party or such Subsidiary may reinvest all or any portion of such
      Net
      Cash Proceeds in operating assets so long as within 180 days after the receipt
      of such Net Cash Proceeds, such purchase shall have been consummated (as
      certified by the Borrower in writing to the Administrative Agent); and
providedfurther that any Net Cash Proceeds not subject to such
      definitive agreement or so reinvested shall be applied immediately following
      such 180-day period to the prepayment of the Loans as set forth in this
Section 2.05(b)(ii).

     

    (iii)  Upon
      the
      sale or issuance by any Loan Party or any of its Subsidiaries of any of its
      Equity Interests (other than Excluded Issuances and any sales or issuances
      of
      Equity Interests to another Loan Party), the Borrower shall prepay an aggregate
      principal amount of Loans equal to 100% of all Net Cash Proceeds received
      therefrom immediately upon receipt thereof by such Loan Party or such Subsidiary
      (such prepayments to be applied as set forth in clauses (vi) and (ix)
      below).

     

    
      
        
        

      

      
        44

        
          

        

      

      
        
        

      

    

     

    (iv)  Upon
      the
      incurrence or issuance by any Loan Party or any of its Subsidiaries of any
      Indebtedness (other than Indebtedness expressly permitted to be incurred or
      issued pursuant to Section 7.02), the Borrower shall prepay an aggregate
      principal amount of Loans equal to 100% of all Net Cash Proceeds received
      therefrom immediately upon receipt thereof by such Loan Party or such Subsidiary
      (such prepayments to be applied as set forth in clauses (vi) and (ix)
      below).

     

    (v)  Upon
      any
      Extraordinary Receipt received by or paid to or for the account of any Loan
      Party or any of its Subsidiaries, and not otherwise included in clause (ii),
      (iii) or (iv) of this Section 2.05(b), the Borrower shall prepay an
      aggregate principal amount of Loans equal to 100% of all Net Cash Proceeds
      received therefrom immediately upon receipt thereof by such Loan Party or such
      Subsidiary (such prepayments to be applied as set forth in clauses (vi) and
      (ix)
      below); provided that with respect to any proceeds of insurance,
      condemnation awards (or payments in lieu thereof) or indemnity payments, at
      the
      election of the Borrower (as notified by the Borrower to the Administrative
      Agent on or prior to the date of receipt of such insurance proceeds,
      condemnation awards or indemnity payments), and so long as no Default shall
      have
      occurred and be continuing, such Loan Party or such Subsidiary may apply within
      180 days after the receipt of such cash proceeds to replace or repair the
      equipment, fixed assets or real property in respect of which such cash proceeds
      were received; and providedfurther that any cash proceeds not so
      applied shall be applied immediately following such 180-day period to the
      prepayment of the Loans as set forth in this
Section 2.05(b)(v).

     

    (vi)  Each
      prepayment of Loans pursuant to the foregoing provisions of this Section
      2.05(b) shall be applied, first, to the Term Loan Facility and to the
      principal repayment installments thereof in inverse order of maturity and,
      second, to the Revolving Credit Facility in the manner set forth in
      clause (ix) of this Section 2.05(b).

     

    (vii)   [Intentionally
      Omitted].

     

    (viii)  If
      for
      any reason the Total Revolving Credit Outstandings at any time exceed the
      Revolving Credit Facility at such time, the Borrower shall immediately prepay
      Revolving Credit Loans, Swing Line Loans and L/C Borrowings and/or Cash
      Collateralize the L/C Obligations (other than the L/C Borrowings) in an
      aggregate amount equal to such excess.

     

    (ix)  Prepayments
      of the Revolving Credit Facility made pursuant to this Section 2.05(b),
first, shall be applied ratably to the L/C Borrowings and the Swing
      Line
      Loans, second, shall be applied ratably to the outstanding Revolving
      Credit Loans, and, third, shall be used to Cash Collateralize the
      remaining L/C Obligations to the extent so required at such time pursuant to
      Section 2.03(g); and, in the case of prepayments of the Revolving Credit
      Facility required pursuant to clause (i), (ii), (iii), (iv) or (v) of this
      Section 2.05(b), the amount remaining, if any, after the prepayment in
      full of all L/C Borrowings, Swing Line Loans and Revolving Credit Loans
      outstanding at such time and the Cash Collateralization of the remaining L/C
      Obligations in full (the sum of such prepayment amounts, cash collateralization
      amounts and remaining amount being, collectively, the “Reduction Amount”)
      may be retained by the Borrower for use in the ordinary course of its business,
      and the Revolving Credit Facility shall be automatically and permanently reduced
      by the Reduction Amount as set forth in
Section 2.06(b)(iii).  Upon the drawing of any Letter of
      Credit that has been Cash Collateralized, the funds held as Cash Collateral
      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 Revolving
      Credit Lenders, as applicable.

     

    
      
        
        

      

      
        45

        
          

        

      

      
        
        

      

    

     

    2.06  Termination
      or Reduction of Commitments.

     

    (a)  Optional.  The
      Borrower may, upon notice to the Administrative Agent, terminate the Revolving
      Credit Facility, the Letter of Credit Sublimit or the Swing Line Sublimit,
      or
      from time to time permanently reduce the Revolving Credit Facility, the Letter
      of Credit Sublimit or the Swing Line Sublimit; provided that (i) any such
      notice shall be received by the Administrative 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 $1,000,000 or any whole
      multiple of $500,000 in excess thereof and (iii) the Borrower shall not
      terminate or reduce (A) the Revolving Credit Facility if, after giving effect
      thereto and to any concurrent prepayments hereunder, the Total Revolving Credit
      Outstandings would exceed the Revolving Credit Facility, (B) the Letter of
      Credit Sublimit if, after giving effect thereto, the Outstanding Amount of
      L/C
      Obligations not fully Cash Collateralized hereunder would exceed the Letter
      of
      Credit Sublimit, or (C) the Swing Line Sublimit if, after giving effect thereto
      and to any concurrent prepayments hereunder, the Outstanding Amount of Swing
      Line Loans would exceed the Letter of Credit Sublimit.  In addition,
      during the Availability Period in respect of the Term Loan Facility, the
      Borrower may, upon notice to the Administrative Agent as set forth above, from
      time to time terminate (in whole or in part) the unused portion of the aggregate
      Term Loan Commitment.

     

    (b)  Mandatory.

     

    (i)  The
      aggregate Term Loan Commitment shall be automatically and permanently reduced
      to
      zero on the last day of the Availability Period for the Term Loan
      Facility.

     

    (ii)  The
      Required Revolving Lenders shall have the right to elect that the Revolving
      Credit Facility be permanently reduced on each date on which the prepayment
      of
      Revolving Credit Loans outstanding thereunder is required to be made pursuant
      to
Section 2.05(b)(ii), (iii), (iv) or (v) by an amount
      equal to the applicable Reduction Amount by sending written notice to the
      Borrower so stating within thirty Business Days after the date on which such
      prepayment of the Revolving Credit Loans occurred.

     

    (iii)  If
      after
      giving effect to any reduction or termination of Revolving Credit Commitments
      under this Section 2.06, the Letter of Credit Sublimit or the Swing Line
      Sublimit exceeds the Revolving Credit Facility at such time, the Letter of
      Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be
      automatically reduced by the amount of such excess.

     

    
      
        
        

      

      
        46

        
          

        

      

      
        
        

      

    

     

    (c)  Application
      of Commitment Reductions; Payment of Fees.

     

    (i)  The
      Administrative Agent will promptly notify the Lenders of any termination or
      reduction of the Letter of Credit Sublimit, Swing Line Sublimit or the Revolving
      Credit Commitment under this Section 2.06.  Upon any reduction
      of the Revolving Credit Commitments, the Revolving Credit Commitment of each
      Revolving Credit Lender shall be reduced by such Lender’s Applicable Revolving
      Credit Percentage of such reduction amount.  All fees in respect of
      the Revolving Credit Facility accrued until the effective date of any
      termination of the Revolving Credit Facility shall be paid on the effective
      date
      of such termination.

     

    (ii)  The
      Administrative Agent will promptly notify the Lenders of any termination or
      reduction of the unused portion of the aggregate Term Loan Commitment under
      this
Section 2.06.  Upon any reduction of the unused portion of the
      aggregate Term Loan Commitment, the Term Loan Commitment of each Term Loan
      Lender shall be reduced by such Lender’s ratable portion of such reduction
      amount.  All fees in respect of the Term Loan Facility accrued until
      the effective date of any termination of the Term Loan Facility shall be paid
      on
      the effective date of such termination.

     

    2.07  Repayment
      of Loans.

     

    (a)  Term
      Loan.  The Borrower shall repay to the Term Loan Lenders the
      aggregate principal amount of all Term Loan outstanding on the following dates
      in the respective amounts set forth opposite such dates (which amounts shall
      be
      reduced as a result of the application of prepayments in accordance with the
      order of priority set forth in Section 2.06):

     

    
      	
              Date

            	 	
              Amount

            
	 	 	 
	
              September
                30, 2008

            	 	
              6.25%
                of the aggregate

              amount
                of Term Loan

              funded
                during the

              Availability
                Period

            
	
              December
                31, 2008

            	 	
              6.25%
                of the aggregate

              amount
                of Term Loan

              funded
                during the

              Availability
                Period

            
	
              March
                31, 2009

            	 	
              6.25%
                of the aggregate

              amount
                of Term Loan

              funded
                during the

              Availability
                Period

            
	
              June
                30, 2009

            	 	
              6.25%
                of the aggregate

              amount
                of Term Loan

              funded
                during the

              Availability
                Period

            

    

     

     

    
      
        
        

      

      
        47

        
          

        

      

      
        
        

      

    

     

     

    
      	
              Date

            	 	
              Amount

            
	 	 	 
	
              September
                30, 2009

            	 	
              6.25%
                of the aggregate

              amount
                of Term Loan

              funded
                during the

              Availability
                Period

            
	
              December
                31, 2009

            	 	
              6.25%
                of the aggregate

              amount
                of Term Loan

              funded
                during the

              Availability
                Period

            
	
              March
                31, 2010

            	 	
              6.25%
                of the aggregate

              amount
                of Term Loan

              funded
                during the

              Availability
                Period

            
	
              June
                30, 2010

            	 	
              6.25%
                of the aggregate

              amount
                of Term Loan

              funded
                during the

              Availability
                Period

            
	
              September
                30, 2010

            	 	
              6.25%
                of the aggregate

              amount
                of Term Loan

              funded
                during the

              Availability
                Period

            
	
              December
                31, 2010

            	 	
              6.25%
                of the aggregate

              amount
                of Term Loan

              funded
                during the

              Availability
                Period

            
	
              March
                31, 2011

            	 	
              6.25%
                of the aggregate

              amount
                of Term Loan

              funded
                during the

              Availability
                Period

            
	
              June
                30, 2011

            	 	
              6.25%
                of the aggregate

              amount
                of Term Loan

              funded
                during the

              Availability
                Period

            
	
              September
                14, 2011

            	 	
              25%
                of the aggregate

              amount
                of Term Loan

              funded
                during the

              Availability
                Period

            

    

     

    provided
      that the final principal repayment installment of the Term Loan shall be repaid
      on the Maturity Date for the Term Loan Facility and in any event shall be
      in an amount equal to the aggregate principal amount of all Term Loan
      outstanding on such date.

     

    (b)  Revolving
      Credit Loans.  The Borrower shall repay to the Revolving Credit
      Lenders on the Maturity Date for the Revolving Credit Facility the aggregate
      principal amount of all Revolving Credit Loans outstanding on such
      date.

     

    
      
        
        

      

      
        48

        
          

        

      

      
        
        

      

    

     

    (c)  Swing
      Line Loans.  The Borrower shall repay each Swing Line Loan on the
      Maturity Date for the Revolving Credit Facility.

     

    2.08  Interest.

     

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

     

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

     

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

     

    (iii)  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.

     

    (iv)  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
(j):

     

    
      
        
        

      

      
        49

        
          

        

      

      
        
        

      

    

     

    (a)  Unused
      Line Fee.  The Borrower shall pay to the Administrative Agent for
      the account of each Revolving Credit Lender in accordance with its Applicable
      Revolving Credit Percentage, an unused line fee equal to the Applicable Fee
      Rate
times the actual daily amount by which the Revolving Credit Facility
      exceeds the sum of (i) the Outstanding Amount of Revolving Credit Loans and
      (ii)
      the Outstanding Amount of L/C Obligations.  In addition, the Borrower
      shall pay to the Administrative Agent for the account of each Term Loan Lender
      in accordance with its Applicable Percentage of the Term Loan Facility, an
      unused line fee equal to the Applicable Fee Rate times the actual daily amount
      by which the aggregate Term Loan Commitment exceed the Outstanding Amount of
      Term Loan.  The unused line fee shall accrue at all times during the
      relevant Availability Period, including at any time during which one or more
      of
      the conditions in Article IV is not met, and shall be due and payable
      quarterly in arrears on the last Business Day of each March, June, September
      and
      December, commencing with the first such date to occur after the Closing Date,
      and, in the case of the unused line fee with respect to the Revolving Credit
      Facility, on the last day of the Availability Period for the Revolving Credit
      Facility or, in the case of the unused line fee with respect to the Term Loan
      Facility, on the last day of the Availability Period for the Term Loan
      Facility.  The unused line fee shall be calculated quarterly in
      arrears, and if there is any change in the Applicable Fee Rate during any
      quarter, the actual daily amount shall be computed and multiplied by the
      Applicable Fee Rate separately for each period during such quarter that such
      Applicable Fee Rate was in effect.

     

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

     

    (ii)  The
      Borrower shall pay to the Lenders 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; Retroactive Adjustments of Applicable
      Rate.

     

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

     

    (b)  If,
      as a
      result of any restatement of or other adjustment to the financial statements
      of
      the Borrower or for any other reason, the Borrower or the Lenders determine
      that
      (i) Consolidated EBITDA as calculated by the Borrower as of any applicable
      date
      was inaccurate and (ii) a proper calculation of the Consolidated EBITDA would
      have resulted in higher pricing for such period, the Borrower shall immediately
      and retroactively be obligated to pay to the Administrative Agent for the
      account of the applicable Lenders, promptly on demand by the Administrative
      Agent (or, after 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, automatically and without further action by the Administrative Agent,
      any Lender or the L/C Issuer), an amount equal to the excess of the amount
      of
      interest and fees that should have been paid for such period over the amount
      of
      interest and fees actually paid for such period.  This paragraph shall
      not limit the rights of the Administrative Agent, any Lender or the L/C Issuer,
      as the case may be, under Section 2.03(c)(iii), 2.03(i) or
2.08(b) or under Article VIII.  The Borrower’s
      obligations under this paragraph shall survive the termination of the Aggregate
      Commitments and the repayment of all other Obligations hereunder.

     

    
      
        
        

      

      
        50

        
          

        

      

      
        
        

      

    

     

    2.11  Evidence
      of Debt.

     

    (a)  The
      Credit Extensions made by each Lender shall be evidenced by one or more accounts
      or records maintained by such Lender and by the Administrative Agent in the
      ordinary course of business.  The accounts or records maintained by
      the Administrative Agent and each Lender shall be conclusive absent manifest
      error of the amount of the Credit Extensions made by the Lenders to the Borrower
      and the interest and payments thereon.  Any failure to so record or
      any error in doing so shall not, however, limit or otherwise affect the
      obligation of the Borrower hereunder to pay any amount owing with respect to
      the
      Obligations.  In the event of any conflict between the accounts and
      records maintained by any Lender and the accounts and records of the
      Administrative Agent in respect of such matters, the accounts and records of
      the
      Administrative Agent shall control in the absence of manifest
      error.  Upon the request of any Lender made through the Administrative
      Agent, the Borrower shall execute and deliver to such Lender (through the
      Administrative Agent) a Note, which shall evidence such Lender’s Loans in
      addition to such accounts or records.  Each 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 Administrative Agent shall maintain in accordance with its usual
      practice accounts or records evidencing the purchases and sales by such Lender
      of participations in Letters of Credit and Swing Line Loans.  In the
      event of any conflict between the accounts and records maintained by the
      Administrative Agent and the accounts and records of any Lender in respect
      of
      such matters, the accounts and records of the Administrative Agent shall control
      in the absence of manifest error.

     

    2.12  Payments
      Generally; Administrative Agent’s Clawback.

     

    (a)  General.  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
      shall be made to the Administrative Agent, for the account of the respective
      Lenders to which such payment is owed, at the Administrative Agent’s Office in
      Dollars and in immediately available funds not later than 2:00 p.m. on the
      date
      specified herein.  The Administrative Agent will promptly distribute
      to each Lender its Applicable Percentage in respect of the relevant Facility
      (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 Administrative Agent after 2:00 p.m. shall be deemed
      received on the next succeeding Business Day and any applicable interest or
      fee
      shall continue to accrue.  If any payment to be made by the Borrower
      shall come due on a day other than a Business Day, payment shall be made on
      the
      next following Business Day, and such extension of time shall be reflected
      on
      computing interest or fees, as the case may be.

     

    
      
        
        

      

      
        51

        
          

        

      

      
        
        

      

    

     

    (b)  (i)           Funding
      by Lenders; Presumption by Administrative Agent.  Unless the
      Administrative Agent shall have received notice from a Lender prior to the
      proposed date of any Borrowing of Eurodollar Rate Loans (or, in the case of
      any
      Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such Borrowing)
      that such Lender will not make available to the Administrative Agent such
      Lender’s share of such Borrowing, the Administrative Agent may assume that such
      Lender has made such share available on such date in accordance with Section
      2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender
      has made such share available in accordance with and at the time required by
      Section 2.02) and may, in reliance upon such assumption, make available
      to the Borrower a corresponding amount.  In such event, if a Lender
      has not in fact made its share of the applicable Borrowing available to the
      Administrative Agent, then the applicable Lender and the Borrower severally
      agree to pay to the Administrative Agent forthwith on demand such corresponding
      amount in immediately available funds with interest thereon, for each day from
      and including the date such amount is made available to the Borrower to but
      excluding the date of payment to the Administrative Agent, at (A) in the case
      of
      a payment to be made by such Lender, the greater of the Federal Funds Rate
      and a
      rate determined by the Administrative Agent in accordance with banking industry
      rules on interbank compensation, plus any administrative, processing or similar
      fees customarily charged by the Administrative Agent in connection with the
      foregoing, and (B) in the case of a payment to be made by the Borrower, the
      interest rate applicable to Base Rate Loans.  If the Borrower and such
      Lender shall pay such interest to the Administrative Agent for the same or
      an
      overlapping period, the Administrative Agent shall promptly remit to the
      Borrower the amount of such interest paid by the Borrower for such
      period.  If such Lender pays its share of the applicable Borrowing to
      the Administrative Agent, then the amount so paid shall constitute such Lender’s
      Loan included in such Borrowing.  Any payment by the Borrower shall be
      without prejudice to any claim the Borrower may have against a Lender that
      shall
      have failed to make such payment to the Administrative Agent.

     

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

     

    
      
        
        

      

      
        52

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

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

     

    (f)  Insufficient
      Funds.  If at any time insufficient funds are received by and
      available to the Administrative Agent to pay fully all amounts of principal,
      L/C
      Borrowings, interest and fees then due hereunder, such funds shall be applied
      (i) first, toward payment of interest and fees then due hereunder,
      ratably among the parties entitled thereto in accordance with the amounts of
      interest and fees then due to such parties, and (ii) second, toward
      payment of principal and L/C Borrowings then due hereunder, ratably among the
      parties entitled thereto in accordance with the amounts of principal and L/C
      Borrowings then due to such parties.

     

    2.13  Sharing
      of Payments by Lenders.

     

    If
      any
      Lender shall, by exercising any right of setoff or counterclaim or otherwise,
      obtain payment in respect of (a) Obligations in respect of any the Facilities
      due and payable to such Lender hereunder and under the other Loan Documents
      at
      such time in excess of its ratable share (according to the proportion of (i)
      the
      amount of such Obligations due and payable to such Lender at such time to (ii)
      the aggregate amount of the Obligations in respect of the Facilities due and
      payable to all Lenders hereunder and under the other Loan Documents at such
      time) of payments on account of the Obligations in respect of the Facilities
      due
      and payable to all Lenders hereunder and under the other Loan Documents at
      such
      time obtained by all the Lenders at such time or (b) Obligations in respect
      of
      any of the Facilities owing (but not due and payable) to such Lender hereunder
      and under the other Loan Documents at such time in excess of its ratable share
      (according to the proportion of (i) the amount of such Obligations owing (but
      not due and payable) to such Lender at such time to (ii) the aggregate amount
      of
      the Obligations in respect of the Facilities owing (but not due and payable)
      to
      all Lenders hereunder and under the other Loan Parties at such time) of payment
      on account of the Obligations in respect of the Facilities owing (but not due
      and payable) to all Lenders hereunder and under the other Loan Documents at
      such
      time obtained by all of the Lenders at such time then the Lender receiving
      such
      greater proportion shall (a) notify the Administrative Agent of such fact,
      and
      (b) purchase (for cash at face value) participations in the Loans and
      subparticipations in L/C Obligations and Swing Line Loans of the other Lenders,
      or make such other adjustments as shall be equitable, so that the benefit of
      all
      such payments shall be shared by the Lenders ratably in accordance with the
      aggregate amount of Obligations in respect of the Facilities then due and
      payable to the Lenders or owing (but not due and payable) to the Lenders, as
      the
      case may be; provided that:

     

    
      
        
        

      

      
        53

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

    2.14  [Intentionally
      Omitted].

     

    2.15  Increase
      in Revolving Credit Facility.

     

    (a)  Request
      for Increase.  Provided there exists no Default or Event of
      Default and the Borrower demonstrates pro forma compliance with the covenants
      contained in Section 7.11 for the then current fiscal quarter after
      giving effect thereto, upon notice to the Administrative Agent (which shall
      promptly notify the Revolving Credit Lenders), the Borrower may from time to
      time but in no event more than three times during the Availability Period
      request an increase in the Revolving Credit Facility by an amount not exceeding
      $15,000,000; provided that any such request for an increase shall be in a
      minimum amount of $3,500,000.  At the time of sending such notice, the
      Borrower (in consultation with the Administrative Agent) shall specify the
      time
      period within which each Revolving Credit Lender is requested to respond (which
      shall in no event be less than ten Business Days from the date of delivery
      of
      such notice to the Revolving Credit Lenders).

     

    
      
        
        

      

      
        54

        
          

        

      

      
        
        

      

    

     

    (b)  Lender
      Elections to Increase.  Each Revolving Credit Lender shall notify
      the Administrative Agent within such time period whether or not it agrees to
      increase its Revolving Credit Commitment and, if so, whether by an amount equal
      to, greater than, or less than its Applicable Revolving Credit Percentage of
      such requested increase.  Any Revolving Credit Lender not responding
      within such time period shall be deemed to have declined to increase its
      Revolving Credit Commitment.

     

    (c)  Notification
      by Administrative Agent; Additional Revolving Credit Lenders.  The
      Administrative Agent shall notify the Borrower and each Revolving Credit Lender
      of the Revolving Credit Lenders’ responses to each request made
      hereunder.  To achieve the full amount of a requested increase, and
      subject to the approval of the Administrative Agent, the L/C Issuer and the
      Swing Line Lender (which approvals shall not be unreasonably withheld), the
      Borrower may also invite additional Eligible Assignees to become Revolving
      Credit Lenders pursuant to a joinder agreement in form and substance
      satisfactory to the Administrative Agent and its counsel.

     

    (d)  Effective
      Date and Allocations.  If the Revolving Credit Facility is
      increased in accordance with this Section, the Administrative Agent and the
      Borrower shall determine the effective date (the “Revolving Credit Increase
      Effective Date”) and the final allocation of such increase.  The
      Administrative Agent shall promptly notify the Borrower and the Revolving Credit
      Lenders of the final allocation of such increase and the Revolving Credit
      Increase Effective Date.

     

    (e)  Conditions
      to Effectiveness of Increase.  As a condition precedent to such
      increase, the Borrower shall deliver to the Administrative Agent a certificate
      of each Loan Party dated as of the Revolving Credit Increase Effective Date
      (in
      sufficient copies for each Lender) signed by a Responsible Officer of such
      Loan
      Party (i) certifying and attaching the resolutions adopted by such Loan Party
      approving or consenting to such increase, and (ii) in the case of the Borrower,
      certifying that, before and after giving effect to such increase, (A) the
      representations and warranties contained in Article V and the other Loan
      Documents are true and correct on and as of the Revolving Credit Increase
      Effective Date, except to the extent that such 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
      2.15, the representations and warranties contained in subsections (a) and
      (b) of Section 5.05 shall be deemed to refer to the most recent
      statements furnished pursuant to clauses (a) and (b), respectively, of
Section 6.01, and (B) no Default exists.

     

    (f)  Conflicting
      Provisions.  This Section shall supersede any provisions in
Section 2.13 or 11.01 to the contrary.

     

    
      
        
        

      

      
        55

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      III

    TAXES,
      YIELD PROTECTION AND ILLEGALITY

     

    3.01  Taxes.

     

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

     

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

     

    (c)  Indemnification
      by the Borrower.  The Borrower  shall indemnify the
      Administrative Agent, each Lender and the L/C Issuer, within 10 days after
      demand therefor, for the full amount of any Indemnified Taxes or Other Taxes
      (including Indemnified Taxes or Other Taxes imposed or asserted on or
      attributable to amounts payable under this Section) paid by the Administrative
      Agent, such Lender or the L/C Issuer, as the case may be, and any penalties,
      interest and reasonable expenses arising therefrom or with respect thereto,
      whether or not such Indemnified Taxes or Other Taxes were correctly or legally
      imposed or asserted by the relevant Governmental Authority.  A
      certificate as to the amount of such payment or liability delivered to the
      Borrower by a Lender or the L/C Issuer (with a copy to the Administrative
      Agent), or by the Administrative Agent on its own behalf or on behalf of a
      Lender or the L/C Issuer, shall be conclusive absent manifest
      error.

     

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

     

    (e)  Status
      of Lenders.  Any Foreign Lender that is entitled to an exemption
      from or reduction of withholding tax under the law of the jurisdiction in which
      the Borrower  is resident for tax purposes, or any treaty to which
      such jurisdiction is a party, with respect to payments hereunder or under any
      other Loan Document shall deliver to the Borrower (with a copy to the
      Administrative Agent), at the time or times prescribed by applicable law or
      reasonably requested by the Borrower or the Administrative
      Agent, such properly completed and executed documentation prescribed by
      applicable law as will permit such payments to be made without withholding
      or at
      a reduced rate of withholding.  In addition, any Lender, if requested
      by the Borrower, the Administrative Agent, shall deliver such other
      documentation prescribed by applicable law or reasonably requested by the
      Borrower or the Administrative Agent as will enable the Borrower or the
      Administrative Agent to determine whether or not such Lender is subject to
      backup withholding or information reporting requirements.

     

    
      
        
        

      

      
        56

        
          

        

      

      
        
        

      

    

     

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

     

    (i)  duly
      completed copies of Internal Revenue Service Form W-8BEN claiming eligibility
      for benefits of an income tax treaty to which the United States is a
      party,

     

    (ii)  duly
      completed copies of Internal Revenue Service Form W-8ECI,

     

    (iii)  in
      the
      case of a Foreign Lender claiming the benefits of the exemption for portfolio
      interest under section 881(c) of the Code, (A) a certificate to the effect
      that
      such Foreign Lender is not (1) a “bank” within the meaning of section
      881(c)(3)(A) of the Code, (2) a “10 percent shareholder” of the Borrower within
      the meaning of section 881(c)(3)(B) of the Code, or (3) a “controlled foreign
      corporation” described in section 881(c)(3)(C) of the Code and (B) duly
      completed copies of  Internal Revenue Service Form W-8BEN,
      or

     

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

     

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

     

    
      
        
        

      

      
        57

        
          

        

      

      
        
        

      

    

     

    3.02  Illegality.

     

    If
      any
      Lender reasonably determines that any Law 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 Eurodollar Rate Loans,
      or to
      determine or charge interest rates based upon the Eurodollar Rate, or any
      Governmental Authority has imposed material restrictions on the authority of
      such Lender to purchase or sell, or to take deposits of, Dollars in the London
      interbank market, then, on notice thereof by such Lender to the Borrower through
      the Administrative Agent, any obligation of such Lender to make or continue
      Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans
      shall be suspended until such Lender notifies the Administrative Agent and
      the
      Borrower that the circumstances giving rise to such determination no longer
      exist.  Upon receipt of such notice, the Borrower shall, upon demand
      from such Lender (with a copy to the Administrative Agent), prepay or, if
      applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate Loans,
      either on the last day of the Interest Period therefor, if such Lender may
      lawfully continue to maintain such Eurodollar Rate Loans to such day, or
      immediately, if such Lender may not lawfully continue to maintain such
      Eurodollar Rate Loans.  Upon any such prepayment or conversion, the
      Borrower shall also pay accrued interest on the amount so prepaid or
      converted.

     

    3.03  Inability
      to Determine Rates.

     

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

     

    3.04  Increased
      Costs; Reserves on Eurodollar Rate Loans.

     

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

     

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

     

    
      
        
        

      

      
        58

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
        59

        
          

        

      

      
        
        

      

    

     

    (e)  Reserves
      on Eurodollar Rate Loans.  The Borrower shall pay to each Lender,
      as long as such Lender shall be required to maintain reserves with respect
      to
      liabilities or assets consisting of or including Eurocurrency funds or deposits
      (currently known as “Eurocurrency liabilities”), additional interest on the
      unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs
      of such reserves allocated to such Loan by such Lender (as determined 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 10 days’ prior notice
      (with a copy to the Administrative Agent) of such additional interest from
      such
      Lender.  If a Lender fails to give notice 10 days prior to the
      relevant Interest Payment Date, such additional interest shall be due and
      payable 10 days from receipt of such notice.

     

    3.05  Compensation
      for Losses.

     

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

     

    (a)  any
      continuation, conversion, payment or prepayment of any 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);

     

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

     

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

     

    including
      any loss of anticipated profits and 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.

     

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

     

    
      
        
        

      

      
        60

        
          

        

      

      
        
        

      

    

     

    3.06  Mitigation
      Obligations; Replacement of Lenders.

     

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

     

    (b)  Replacement
      of Lenders.  If any Lender requests compensation under Section
      3.04, or if the Borrower is required to pay any additional amount to any
      Lender or any Governmental Authority for the account of any Lender pursuant
      to
Section 3.01, the Borrower may replace such Lender in accordance with
Section 11.13.

     

    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.

     

    ARTICLE
      IV

    CONDITIONS
      PRECEDENT TO CREDIT EXTENSIONS

     

    4.01  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
      Administrative Agent’s receipt of the following, each of which shall be
      originals or telecopies (followed promptly by originals) unless otherwise
      specified, each properly executed by a Responsible Officer of the signing Loan
      Party, each dated the Closing Date (or, in the case of certificates of
      governmental officials, a recent date before the Closing Date) and each in
      form
      and substance reasonably satisfactory to the Administrative Agent and each
      of
      the Lenders:

     

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

     

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

     

    (iii)  a
      pledge
      and security agreement, in substantially the form of Exhibit F
      (together with each other pledge and security agreement and pledge and security
      agreement supplement delivered pursuant to Section 6.12, in each
      case as amended, the “Security Agreement”), duly executed by each Loan
      Party, together with:

     

    
      
        
        

      

      
        61

        
          

        

      

      
        
        

      

    

     

    (A)  certificates
      representing the Pledged Equity referred to therein accompanied by undated
      stock
      powers executed in blank and instruments evidencing the Pledged Debt indorsed
      in
      blank other than those certificates and stock powers to be delivered pursuant
      to
Section 6.19,

     

    (B)  stamped
      receipt copies of proper financing statements, duly filed on or before the
      day
      of the initial Credit Extension under the Uniform Commercial Code of all
      jurisdictions that the Administrative Agent may deem necessary or desirable
      in
      order to perfect the Liens created under the Security Agreement, covering the
      Collateral described in the Security Agreement,

     

    (C)  completed
      requests for information, dated on or before the date of the initial Credit
      Extension, listing the financing statements referred to in clause (B) above
      and all other effective financing statements filed in the jurisdictions referred
      to in clause (B) above that name any Loan Party as debtor, together with
      copies of such other financing statements,

     

    (D)  evidence
      of the completion of all other actions, recordings and filings of or with
      respect to the Security Agreement that the Administrative Agent may deem
      necessary or desirable in order to perfect the Liens created thereby,
      and

     

    (E)  evidence
      that all other action that the Administrative Agent may deem necessary or
      desirable in order to perfect the Liens created under the Security Agreement
      has
      been taken (including receipt of duly executed payoff letters, UCC-3 termination
      statements);

     

    (iv)  an
      intellectual property security agreement, in substantially the form of
Exhibit G (together with each other intellectual property security
      agreement and intellectual property security agreement supplement delivered
      pursuant to Section 6.12, in each case as amended, the
“Intellectual Property Security Agreement”), duly executed by each Loan
      Party, together with evidence that all action that the Administrative Agent
      may
      deem necessary or desirable in order to perfect the Liens created under the
      Intellectual Property Security Agreement has been taken;

     

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

     

    
      
        
        

      

      
        62

        
          

        

      

      
        
        

      

    

     

    (vi)  such
      documents and certifications as the Administrative Agent may reasonably require
      to evidence that each Loan Party is duly organized or formed, and that each
      of
      the Borrower and each Guarantor 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 and except for those good standing
      certificates to be delivered pursuant to Section 6.19.

     

    (vii)  favorable
      opinions of one or more law firms, acting as counsel to the Loan Parties,
      addressed to the Administrative Agent and each Lender and covering such items
      and subject matters as Administrative Agent may require;

     

    (viii)  a
      certificate of a Responsible Officer of each Loan Party either
      (A) attaching copies of all consents, licenses and approvals required in
      connection with the execution, delivery and performance by such 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;

     

    (ix)  a
      certificate signed by a Responsible Officer of the Borrower certifying (A)
      that
      the conditions specified in Sections 4.02(a) and (b) have been
      satisfied, and (B) that there has been no event or circumstance June 30, 2007
      that has had or could be reasonably expected to have, either individually or
      in
      the aggregate, a Material Adverse Effect;

     

    (x)  certificates
      attesting to the Solvency of each Loan Party, from its chief financial
      officer;

     

    (xi)  certified
      copies of each employment agreement and other compensation arrangement with
      each
      officer of any Loan Party or any of its Subsidiaries as the Administrative
      Agent
      shall request;

     

    (xii)  evidence
      that all insurance required to be maintained pursuant to the Loan Documents
      has
      been obtained and is in effect, together with the certificates of insurance,
      naming the Administrative Agent, on behalf of the Lenders, as an additional
      insured or loss payee, as the case may be, under all insurance policies
      maintained with respect to the assets and properties of the Loan Parties that
      constitutes Collateral;

     

    (xiii)  evidence
      that the Existing Credit Agreement has been, or concurrently with the Closing
      Date is being, terminated and all Liens securing obligations under the Existing
      Credit Agreement have been, or concurrently with the Closing Date are being,
      released; and

     

    
      
        
        

      

      
        63

        
          

        

      

      
        
        

      

    

     

    (xiv)  such
      other assurances, certificates, documents, consents or opinions as the
      Administrative Agent, the L/C Issuer, the Swing Line Lender or any Lender
      reasonably may require.

     

    (b)  (i)
      All
      fees required to be paid to the Administrative Agent and the Arranger on or
      before the Closing Date shall have been paid and (ii) all fees required to
      be
      paid to the Lenders on or before the Closing Date shall have been
      paid.

     

    (c)  Unless
      waived by the Administrative Agent, the Borrower shall have paid all fees,
      charges and disbursements of counsel to the Administrative Agent (directly
      to
      such counsel if requested by the Administrative Agent) to the extent invoiced
      prior to or on the Closing Date, plus such additional amounts of such fees,
      charges and disbursements as shall constitute its reasonable estimate of such
      fees, charges and disbursements incurred or to be incurred by it through the
      closing proceedings (provided that such estimate shall not thereafter
      preclude a final settling of accounts between the Borrower and the
      Administrative Agent).

     

    (d)   The
      Lenders shall have completed a due diligence investigation of the Borrower
      and
      its Subsidiaries in scope, and with results, reasonably satisfactory to the
      Lenders, and shall have been given such access to the management, records,
      books
      of account, contracts and properties of the Borrower, the Company and its
      Subsidiaries and shall have received such financial, business and other
      information regarding each of the foregoing Persons and businesses as they
      shall
      have requested, such information to include, without limitation, information
      relating to the Borrower’s and its Subsidiaries threatened and pending
      litigation, current and potential tax liabilities, accounting methods, labor
      and
      employment practices, insurance coverage, pension liabilities, real estate
      leases, Material Contracts, existing Indebtedness, Collateral ownership,
      environmental matters and other contingent liabilities; all of the information
      made available to the Administrative Agent prior to July 30, 2007 shall be
      complete and correct in all material respects; and no changes or developments
      shall have occurred, and no new or additional information shall have been
      received or discovered by the Administrative Agent or the Lenders regarding
      the
      Borrower and its Subsidiaries after July 30, 2007 that (A) either
      individually or in the aggregate could reasonably be expected to have a Material
      Adverse Effect or (B) purports to adversely affect the
      Facilities.

     

    (e)  The
      Lenders shall be satisfied that there are no actions, suits, proceedings, claims
      or disputes pending or, to the knowledge of the Borrower after due and diligent
      investigation, threatened or contemplated, 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, if determined adversely, could reasonably
      be
      expected to have a Material Adverse Effect.

     

    Without
      limiting the generality of the provisions of the last paragraph of Section
      9.03, for purposes of determining compliance with the conditions specified
      in this Section 4.01, 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 reasonably satisfactory to a Lender unless the Administrative
      Agent shall have received notice from such Lender prior to the proposed Closing
      Date specifying its objection thereto.

     

    
      
        
        

      

      
        64

        
          

        

      

      
        
        

      

    

     

    4.02  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 Eurodollar Rate Loans) is subject to the following
      conditions precedent:

     

    (a)  The
      representations and warranties of the Borrower and each other Loan Party
      contained in Article V or any other Loan Document, or which are contained
      in any document furnished at any time under or in connection herewith or
      therewith, shall be true and correct 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 as of such earlier date, and except that for purposes of this Section
      4.02, the representations and warranties contained in Sections
      5.05(a) and (b) shall be deemed to refer to the most recent
      statements furnished pursuant to Sections 6.01(a) and (b),
      respectively.

     

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

     

    (c)  The
      Administrative Agent and, if applicable, the 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 Eurodollar Rate
      Loans) submitted by the Borrower shall be deemed to be a representation and
      warranty that the conditions specified in Sections 4.02(a) and (b)
      have been satisfied on and as of the date of the applicable Credit
      Extension.

     

    ARTICLE
      V

    REPRESENTATIONS
      AND WARRANTIES

     

    Each
      Loan
      Party represents and warrants to the Administrative Agent and the Lenders
      that:

     

    5.01  Existence,
      Qualification and Power.

     

    Each
      Loan
      Party and each of its Subsidiaries (a) is duly organized or formed, validly
      existing and, as applicable, 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, and (c) is duly qualified and is licensed and, as applicable, 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; except in each case referred to in clause (b)(i)
      or
      (c), to the extent that failure to do so could not reasonably be expected to
      have a Material Adverse Effect.

     

    
      
        
        

      

      
        65

        
          

        

      

      
        
        

      

    

     

    5.02  Authorization;
      No Contravention.

     

    The
      execution, delivery and performance by each Loan Party of each Loan Document
      to
      which such Person is or is to be a party 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 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) 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) violate any Law other
      than as would not reasonably be expected to have a Material Adverse
      Effect.

     

    5.03  Governmental
      Authorization; Other Consents.

     

    As
      of the
      Closing Date, 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 (a) the execution, delivery or
      performance by, or enforcement against, any Loan Party of this Agreement or
      any
      other Loan Document, (b) the grant by any Loan Party of the Liens granted
      by it pursuant to the Collateral Documents, (c) the perfection or
      maintenance of the Liens created under the Collateral Documents (including
      the
      first priority nature thereof) or (d) the exercise by the Administrative
      Agent or any Lender of its rights under the Loan Documents or the remedies
      in
      respect of the Collateral pursuant to the Collateral
      Documents.

     

    5.04  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 each Loan Party that is party thereto in
      accordance with its terms.

     

    5.05  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 material liabilities for taxes, commitments
      and
      Indebtedness.

     

    
      
        
        

      

      
        66

        
          

        

      

      
        
        

      

    

     

    (b)  The
      unaudited consolidated balance sheets of the Borrower and its Subsidiaries
      dated
      June 30, 2007, 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.

     

    (d)  The
      consolidated pro forma balance sheets of the Borrower and its Subsidiaries
      as at
      June 30, 2007, and the related consolidated pro forma statements of income
      and cash flows of the Borrower and its Subsidiaries for the six months then
      ended, certified by the chief financial officer or treasurer of the Borrower,
      copies of which have been furnished to each Lender, fairly present in all
      material respects the consolidated pro forma financial condition of the
      Borrower and its Subsidiaries as at such date and the consolidated pro forma
      results of operations of the Borrower and its Subsidiaries for the period ended
      on such date, all in accordance with GAAP.

     

    (e)  The
      consolidated forecasted balance sheets, statements of income and cash flows
      of
      the Borrower and its Subsidiaries delivered pursuant to Section 4.01
      or 6.01(d) were prepared in good faith on the basis of the assumptions
      stated therein, which assumptions the Borrower believed to be reasonable at
      the
      time.

     

    5.06  Litigation.

     

    There
      are
      no actions, suits, proceedings, claims or disputes pending or, to the knowledge
      of the Borrower after due and diligent investigation, threatened or
      contemplated, 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, if determined adversely, could reasonably be expected to have a
      Material Adverse Effect.

     

    
      
        
        

      

      
        67

        
          

        

      

      
        
        

      

    

     

    5.07  No
      Default.

     

    Neither
      any Loan Party nor any Subsidiary thereof 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 reasonably
      be expected to result from the consummation of the transactions contemplated
      by
      this Agreement or any other Loan Document.

     

    5.08  Ownership
      of Property; Liens; Investments.

     

    (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)  Schedule 5.08(b)
      sets forth a complete and accurate list of all Liens on the property or assets
      of each Loan Party and each of its Subsidiaries, showing as of the date hereof
      the lienholder thereof, the principal amount of the obligations secured thereby
      and the property or assets of such Loan Party or such Subsidiary subject
      thereto.  The property of each Loan Party and each of its Subsidiaries
      is subject to no Liens, other than Liens set forth on
Schedule 5.08(b), and as otherwise permitted by Section
      7.01.

     

    (c)  Schedule 5.08(c)
      sets forth a complete and accurate list of all real property owned by each
      Loan
      Party and each of its Subsidiaries, showing as of the date hereof the street
      address, county or other relevant jurisdiction, state, record owner and book
      and
      fair value thereof.  Each Loan Party and each of its Subsidiaries has
      good, marketable and insurable fee simple title to the real property owned
      by
      such Loan Party or such Subsidiary, free and clear of all Liens, other than
      Liens created or permitted by the Loan Documents.

     

    (d)  (i)           Schedule 5.08(d)(i)
      sets forth a complete and accurate list of all leases of real property under
      which any Loan Party or any Subsidiary of a Loan Party is the lessee, showing
      as
      of the date hereof the street address, county or other relevant jurisdiction,
      state, lessor, lessee, expiration date and annual rental cost
      thereof.  Each such lease is the legal, valid and binding obligation
      of the applicable Loan Party, enforceable against such Loan Party in accordance
      with its terms.

     

    (ii)  Schedule
      5.08(d)(ii) sets forth a complete and accurate list of all leases of real
      property under which any Loan Party or any Subsidiary of a Loan Party is the
      lessor, showing as of the date hereof the street address, county or other
      relevant jurisdiction, state, lessor, lessee, expiration date and annual rental
      cost thereof.  Each such lease is the legal, valid and binding
      obligation of the applicable Loan Party, enforceable against such Loan Party
      in
      accordance with its terms.

     

    (e)  Schedule 5.08(e)
      sets forth a complete and accurate list of all Investments held by any Loan
      Party or any Subsidiary of a Loan Party on the date hereof, showing as of the
      date hereof the amount, obligor or issuer and maturity, if any,
      thereof.

     

    5.09  Environmental
      Compliance.

     

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

     

    
      
        
        

      

      
        68

        
          

        

      

      
        
        

      

    

     

    (b)  None
      of
      the properties currently or formerly owned or operated by any Loan Party or
      any
      of its Subsidiaries is listed or proposed for listing on the NPL or on the
      CERCLIS or any analogous foreign, state or local list or is adjacent to any
      such
      property; there are no and never have been any underground or above-ground
      storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons
      in which Hazardous Materials are being or have been treated, stored or disposed
      on any property currently owned or operated by any Loan Party or any of its
      Subsidiaries or, to the best of the knowledge of the Loan Parties, on any
      property formerly owned or operated by any Loan Party or any of its
      Subsidiaries; there is no asbestos or asbestos-containing material on any
      property currently owned or operated by any Loan Party or any of its
      Subsidiaries; and Hazardous Materials have not been released, discharged or
      disposed of on any property currently or formerly owned or operated by any
      Loan
      Party or any of its Subsidiaries.

     

    (c)  No
      Loan
      Party nor any Subsidiary is undertaking, and has not completed, either
      individually or together with other potentially responsible parties, any
      investigation or assessment or remedial or response action relating to any
      actual or threatened release, discharge or disposal of Hazardous Materials
      at
      any site, location or operation, either voluntarily or pursuant to the order
      of
      any Governmental Authority or the requirements of any Environmental Law; and
      all
      Hazardous Materials generated, used, treated, handled or stored at, or
      transported to or from, any property currently or formerly owned or operated
      by
      any Loan Party or any of its Subsidiaries have been disposed of in a manner
      not
      reasonably expected to result in material liability to any Loan Party or any
      of
      its Subsidiaries.

     

    5.10  Insurance.

     

    The
      properties of the Borrower and its Subsidiaries are insured with financially
      sound and reputable insurance companies not Affiliates of the Borrower, in
      such
      amounts, with such deductibles and covering such risks as are customarily
      carried by companies engaged in similar businesses and owning similar properties
      in localities where the Borrower or the applicable Subsidiary
      operates.

     

    5.11  Taxes.

     

    The
      Borrower and its Subsidiaries have filed all Federal, state and other material
      tax returns and reports required to be filed (other than tax returns and reports
      that are subject to duly filed extensions), 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.  Neither any Loan Party nor any Subsidiary thereof is
      party to any tax sharing agreement.

     

    5.12  ERISA
      Compliance.

     

    
      
        
        

      

      
        69

        
          

        

      

      
        
        

      

    

     

    (a)  Each
      Plan
      is in compliance in all material respects with the applicable provisions of
      ERISA, the Code and other Federal or state Laws.  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 best
      knowledge of the Borrower, nothing has occurred which would prevent, or cause
      the loss of, such qualification.  The Borrower and each ERISA
      Affiliate have made all required material contributions to each Plan subject
      to
      Section 412 of the Code, 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.

     

    (b)  There
      are
      no pending or, to the best knowledge of the Borrower, threatened claims, actions
      or lawsuits, or action by any Governmental Authority, with respect to any Plan
      that could 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.

     

    (c)  (i)
      No
      ERISA Event has occurred or is reasonably expected to occur; (ii) no
      Pension Plan has any Unfunded Pension Liability; (iii) neither the Borrower
      nor
      any ERISA Affiliate has incurred, or reasonably expects to incur, any liability
      under Title IV of ERISA with respect to any Pension Plan (other than premiums
      due and not delinquent under Section 4007 of ERISA); (iv) 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 Section 4201 or
      4243 of ERISA with respect to a Multiemployer Plan; and (v) neither the Borrower
      nor any ERISA Affiliate has engaged in a transaction that could be subject
      to
      Section 4069 or 4212(c) of ERISA.

     

    (d)  With
      respect to each scheme or arrangement mandated by a government other than the
      United States (a “Foreign Government Scheme or Arrangement”) and with
      respect to each employee benefit plan maintained or contributed to by any Loan
      Party or any Subsidiary of any Loan Party that is not subject to United States
      law (a “Foreign Plan”):

     

    (i)  any
      employer and employee contributions required by law or by the terms of any
      Foreign Government Scheme or Arrangement or any Foreign Plan have been made,
      or,
      if applicable, accrued, in accordance with normal accounting
      practices;

     

    (ii)  the
      fair
      market value of the assets of each funded Foreign Plan, the liability of each
      insurer for any Foreign Plan funded through insurance or the book reserve
      established for any Foreign Plan, together with any accrued contributions,
      is
      sufficient to procure or provide for the accrued benefit obligations, as of
      the
      date hereof, with respect to all current and former participants in such Foreign
      Plan according to the actuarial assumptions and valuations most recently used
      to
      account for such obligations in accordance with applicable generally accepted
      accounting principles; and

     

    (iii)  each
      Foreign Plan required to be registered has been registered and has been
      maintained in good standing with applicable regulatory authorities.

     

    5.13  Subsidiaries;
      Equity Interests; Loan Parties.

     

    
      
        
        

      

      
        70

        
          

        

      

      
        
        

      

    

     

    The
      Borrower has no Subsidiaries other than those specifically disclosed in Part
      (a)
      of Schedule 5.13, 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 on Part (a) of
Schedule 5.13 free and clear of all Liens except those created under
      the Collateral Documents.  No Loan Party has any equity investments in
      any other corporation or entity other than those specifically disclosed in
      Part
      (b) of Schedule 5.13.  All of the outstanding Equity Interests
      in the Borrower and its Subsidiaries have been validly issued, are fully paid
      and non-assessable, and the Equity Interests of the Borrower’s Subsidiaries are
      clear of all Liens except those created under the Collateral
      Documents.  Set forth on Part (d) of Schedule 5.13 is a
      complete and accurate list of all Loan Parties, showing as of the Closing Date
      (as to each Loan Party) the jurisdiction of its incorporation, the address
      of
      its principal place of business and its U.S. taxpayer identification number
      or,
      in the case of any non-U.S. Loan Party that does not have a U.S. taxpayer
      identification number, its unique identification number issued to it by the
      jurisdiction of its incorporation.  The copy of the charter of each
      Loan Party and each amendment thereto provided pursuant to Section
      4.01(a)(vi) is a true and correct copy of each such document, each of which
      is valid and in full force and effect.

     

    5.14  Margin
      Regulations; Investment 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.

     

    (b)  None
      of
      the Borrower, any Person Controlling the Borrower, or any Subsidiary is or
      is
      required to be registered as an “investment company” under the Investment
      Company Act of 1940.

     

    5.15  Disclosure.

     

    The
      Borrower has disclosed to the Administrative Agent and the Lenders all matters
      known to it, that, individually or in the aggregate, could reasonably be
      expected to result in a Material Adverse Effect.  No report, financial
      statement, certificate or other information furnished (whether in writing or
      orally) by or on behalf of any Loan Party to the Administrative Agent or any
      Lender in connection with the transactions contemplated hereby and the
      negotiation of this Agreement or delivered hereunder or under any other Loan
      Document (in each case as modified or supplemented by other information so
      furnished) contains any material misstatement of fact or omits to state any
      material fact necessary to make the statements therein, in the light of the
      circumstances under which they were made, not misleading; provided that,
      with respect to projected financial information, the Borrower represents only
      that such information was prepared in good faith based upon assumptions believed
      to be reasonable at the time.

     

    5.16  Compliance
      with Laws.

     

    Each
      Loan
      Party and each Subsidiary thereof 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.

     

    
      
        
        

      

      
        71

        
          

        

      

      
        
        

      

    

     

    5.17  Intellectual
      Property; Licenses, Etc.

     

    Each
      Loan
      Party and each of 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 infringing the rights of any other Person, and
      Schedule 5.17 sets forth a complete and accurate list of all such IP
      Rights owned by each Loan Party and each of its Subsidiaries.  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 of its Subsidiaries
      infringes upon any rights held by any other Person in any manner that would
      reasonably be expected to create an obligation or liability to any Loan Party
      in
      excess of the Threshold Amount.  No claim or litigation regarding any
      of the foregoing is pending or, to the best knowledge of the Borrower,
      threatened, which, either individually or in the aggregate, could reasonably
      be
      expected to have a Material Adverse Effect.

     

    5.18  Solvency.

     

    Each
      Loan
      Party is, individually and together with its Subsidiaries on a consolidated
      basis, Solvent.

     

    5.19  Casualty,
      Etc.

     

    Neither
      the businesses nor the properties of any Loan Party or any of its Subsidiaries
      are affected by any fire, explosion, accident, strike, lockout or other labor
      dispute, drought, storm, hail, earthquake, embargo, act of God or of the public
      enemy or other casualty (whether or not covered by insurance) that, either
      individually or in the aggregate, could reasonably be expected to have a
      Material Adverse Effect.

     

    5.20  Labor
      Matters.

     

    There
      are
      no collective bargaining agreements or Multiemployer Plans covering the
      employees of the Borrower or any of its Subsidiaries as of the Closing Date
      and
      neither the Borrower nor any Subsidiary has suffered any strikes, walkouts,
      work
      stoppages or other material labor difficulty within the last five
      years.

     

    5.21  Collateral
      Documents.

     

    The
      provisions of the Collateral Documents are effective to create in favor of
      the
      Administrative Agent for the benefit of the Secured Parties a legal, valid
      and
      enforceable first priority Lien (subject to Liens permitted by Section
      7.01) on all right, title and interest of the respective Loan Parties in the
      Collateral described therein.  Except for filings completed prior to
      the Closing Date and as contemplated hereby and by the Collateral Documents,
      no
      filing or other action will be necessary to perfect or protect such
      Liens.

     

    
      
        
        

      

      
        72

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      VI

    AFFIRMATIVE
      COVENANTS

     

    So
      long
      as any Lender shall have any Commitment hereunder, any Loan or other Obligation
      hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall
      remain outstanding, the Borrower shall, and shall (except in the case of the
      covenants set forth in Sections 6.01, 6.02, 6.03 and
6.11) cause each Subsidiary to:

     

    6.01  Financial
      Statements.

     

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

     

    (a)  as
      soon
      as available, but in any event within 120 days after the end of each fiscal
      year
      of the Borrower (commencing with the fiscal year ended December 31, 2007),
      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 form the figures for the previous fiscal
      year,
      all in reasonable detail and prepared in accordance with GAAP, such consolidated
      statements to be 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;

     

    (b)  as
      soon
      as available, but in any event within 45 days after the end of each fiscal
      quarter of each fiscal year of the Borrower (commencing with the fiscal quarter
      ended September 30, 2007), 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, such consolidated statements
      to
      be certified by the chief executive officer, chief financial officer, treasurer
      or controller of the Borrower as fairly presenting in all material respects
      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;

     

    (c)  [Intentionally
      Omitted]; and

     

    (d)  as
      soon
      as available, but in any event at least 30 days after the end of each fiscal
      year of the Borrower, an annual business plan and budget of the Borrower and
      its
      Subsidiaries on a consolidated basis, including forecasts prepared by management
      of the Borrower, in form reasonably satisfactory to the Administrative Agent
      and
      the Required Lenders, of consolidated balance sheets and statements of income
      or
      operations and cash flows of the Borrower and its Subsidiaries on a quarterly
      basis for the immediately following fiscal year.

     

    
      
        
        

      

      
        73

        
          

        

      

      
        
        

      

    

     

    As
      to any
      information contained in materials furnished pursuant to Section 6.02(d),
      the Borrower shall not be separately required to furnish such information under
      Section 6.01(a) or (b), but the foregoing shall not be in
      derogation of the obligation of the Borrower to furnish the information and
      materials described in Sections 6.01(a) and (b) at the times
      specified therein.

     

    6.02  Certificates;
      Other Information.

     

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

     

    (a)  concurrently
      with the delivery of the financial statements referred to in
Section 6.01(a) (commencing with the delivery of the financial
      statements for the fiscal year ended December 31, 2007, 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 6.01(a) and (b), a duly completed Compliance
      Certificate signed by the chief executive officer, chief financial officer,
      treasurer or controller 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 7.11, a statement of
      reconciliation conforming such financial statements to GAAP;

     

    (c)  promptly
      after any request by the Administrative Agent or any Lender, 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 any
      Loan Party by independent accountants in connection with the accounts or books
      of any Loan Party or any of its Subsidiaries, or any audit of any of
      them;

     

    (d)  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 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 national securities exchange, and in any case not otherwise required
      to be delivered to the Administrative Agent pursuant hereto;

     

    (e)  promptly
      after the furnishing thereof, copies of any statement or report furnished to
      any
      holder of debt securities of any Loan Party or of any of its Subsidiaries
      pursuant to the terms of any indenture, loan or credit or similar agreement
      and
      not otherwise required to be furnished to the Lenders pursuant to Section
      6.01 or any other clause of this Section 6.02;

     

    
      
        
        

      

      
        74

        
          

        

      

      
        
        

      

    

     

    (f)  promptly,
      and in any event within five Business Days after receipt thereof by any Loan
      Party or any Subsidiary thereof, copies of each notice or other correspondence
      received from the SEC (or comparable agency in any applicable non-U.S.
      jurisdiction) concerning any investigation or possible investigation or other
      inquiry by such agency regarding financial or other operational results of
      any
      Loan Party or any Subsidiary thereof;

     

    (g)  not
      later
      than five Business Days after receipt thereof by any Loan Party or any
      Subsidiary thereof, copies of all notices, requests and other documents
      (including amendments, waivers and other modifications) so received under or
      pursuant to any instrument, indenture, loan or credit or similar agreement
      and,
      from time to time upon request by the Administrative Agent, such information
      and
      reports regarding such instruments, indentures and loan and credit and similar
      agreements as the Administrative Agent may reasonably request;

     

    (h)  promptly
      after the assertion or occurrence thereof, notice of any action or proceeding
      against or 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;

     

    (i)  within
      30
      days after the end of each fiscal year of the Borrower, (i) a report
      supplementing Schedules 5.08(c), 5.08(d)(i) and
5.08(d)(ii), including an identification of all owned and leased
      real
      property disposed of by any Loan Party or any Subsidiary thereof during such
      fiscal year, a list and description (including the street address, county or
      other relevant jurisdiction, state, record owner, book value thereof and, in
      the
      case of leases of property, lessor, lessee, expiration date and annual rental
      cost thereof) of all real property acquired or leased during such fiscal year
      and a description of such other changes in the information included in such
      Schedules as may be necessary for such Schedules to be accurate and complete;
      (ii) a report supplementing Schedule 5.17, setting forth (A) a list of
      registration numbers for all patents, trademarks, service marks, trade names
      and
      copyrights awarded to the Borrower or any Subsidiary thereof during such fiscal
      year and (B) a list of all patent applications, trademark applications, service
      mark applications, trade name applications and copyright applications submitted
      by the Borrower or any Subsidiary thereof during such fiscal year and the status
      of each such application; and (C) a report supplementing Schedules
      5.08(e) and 5.13 containing a description of all changes in the
      information included in such Schedules as may be necessary for such Schedules
      to
      be accurate and complete, each such report to be signed by a Responsible Officer
      of the Borrower and to be in a form reasonably satisfactory to the
      Administrative Agent; provided that if no changes to the foregoing
      described schedules are required for such schedules to be accurate and complete
      in all material respects, then no such report will be required pursuant to
      this
Section 6.02(i);

     

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

     

    
      
        
        

      

      
        75

        
          

        

      

      
        
        

      

    

     

    (k)  promptly
      and in any event within ten Business Days thereof, notice of the termination
      of
      any Carrier Contract, together with a certificate of a Responsible Officer
      of
      the Borrower stating which party terminated such Carrier Contract, the reason
      for such termination and that such termination will not materially impair the
      Borrower’s business, condition or prospects.

     

    Documents
      required to be delivered pursuant to Section 6.01(a), (b) or
6.02(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 an
      Internet or intranet website, if any, to which each Lender and the
      Administrative Agent have access (whether a commercial, third-party website
      or
      whether sponsored by the Administrative Agent); provided
      that:  (i) the Borrower shall deliver paper copies of such documents
      to the Administrative 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 the Administrative Agent or such Lender and (ii) the Borrower shall
      notify the Administrative Agent and each Lender (by telecopier or electronic
      mail) of the posting of any such documents and provide to the Administrative
      Agent 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 6.02(b) to the Administrative
      Agent.  Except for such Compliance Certificates, the Administrative
      Agent 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.

     

    The
      Borrower hereby acknowledges that (a) the Administrative Agent and/or the
      Arranger will make available to the Lenders and the L/C Issuer materials and/or
      information provided by or on behalf of the Borrower hereunder (collectively,
      “Borrower Materials”) by posting the Borrower Materials on IntraLinks or
      another similar electronic system (the “Platform”) and (b) certain of the
      Lenders (each, a “Public Lender”) may have personnel who do not wish to
      receive material non-public information with respect to the Borrower or its
      Affiliates, or the respective securities of any of the foregoing, and who may
      be
      engaged in investment and other market-related activities with respect to such
      Persons’ securities.  The Borrower hereby agrees that it will use
      commercially reasonable efforts to identify that portion of the Borrower
      Materials that may be distributed to the Public Lenders and that (w) all such
      Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at
      a minimum, shall mean that the word “PUBLIC” shall appear prominently on the
      first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower
      shall be deemed to have authorized the Administrative Agent, the Arranger,
      the
      L/C Issuer and the Lenders to treat such Borrower Materials as not containing
      any material non-public information (although it may be sensitive and
      proprietary) with respect to the Borrower or its securities for purposes of
      United States Federal and state securities laws (provided that to the
      extent such Borrower Materials constitute Information, they shall be treated
      as
      set forth in Section 11.07); (y) all Borrower Materials marked “PUBLIC”
are permitted to be made available through a portion of the Platform
      designated
“Public Investor;” and (z) the Administrative Agent and the Arranger shall be
      entitled to treat any Borrower Materials that are not marked “PUBLIC” as being
      suitable only for posting on a portion of the Platform not designated “Public
      Investor.”

     

    
      
        
        

      

      
        76

        
          

        

      

      
        
        

      

    

     

    6.03  Notices.

     

    Promptly
      notify the Administrative Agent and each Lender:

     

    (a)  of
      the
      occurrence of any 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 or financial reporting practices by
      any
      Loan Party or any Subsidiary thereof, including any determination by the
      Borrower referred to in Section 2.10(b); and

     

    (e)  of
      the
      (i) occurrence of any Disposition of property or assets for which the Borrower
      is required to make a mandatory prepayment pursuant to
Section 2.05(b)(ii), (ii) occurrence of any sale of capital stock or
      other Equity Interests for which the Borrower is required to make a mandatory
      prepayment pursuant to Section 2.05(b)(iii), (iii) incurrence or
      issuance of any Indebtedness for which the Borrower is required to make a
      mandatory prepayment pursuant to Section 2.05(b)(iv), and (iv) receipt of
      any Extraordinary Receipt for which the Borrower is required to make a mandatory
      prepayment pursuant to Section 2.0(b)(v).

     

    Each
      notice pursuant to Section 6.03 (other than Section 6.03(e) or
(f)) 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.  Each notice pursuant to Section 6.03(a) shall
      describe with particularity any and all provisions of this Agreement and any
      other Loan Document that have been breached.

     

    6.04  Payment
      of Obligations.

     

    Pay
      and
      discharge as the same shall become due and payable, all its material obligations
      and liabilities (other than those being contested in good faith by appropriate
      proceedings), 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; and (c) all Indebtedness, as and when due and payable,
      but subject to any subordination provisions contained in any instrument or
      agreement evidencing such Indebtedness.

     

    
      
        
        

      

      
        77

        
          

        

      

      
        
        

      

    

     

    6.05  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 7.04 or 7.05; provided
      that the Borrower and its Subsidiaries may consummate any merger or
      consolidation permitted under Section 7.04; (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.

     

    6.06  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 where the failure to do would not reasonably be
      expected to have a Material Adverse Effect; and (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, except where the failure to do would not reasonably be expected
      to have a Material Adverse Effect.

     

    6.07  Maintenance
      of Insurance.

     

    Maintain
      with financially sound and reputable insurance companies not Affiliates of
      the
      Borrower, insurance 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 and providing for
      not
      less than 30 days’ prior notice to the Administrative Agent of termination,
      lapse or cancellation of such insurance.

     

    6.08  Compliance
      with Laws.

     

    (a)  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 (i) such requirement of Law or order, writ,
      injunction or decree is being contested in good faith by appropriate proceedings
      diligently conducted; or (ii) the failure to comply therewith could not
      reasonably be expected to have a Material Adverse Effect.

     

    (b)  Preserve
      and maintain all currently existing, or obtain any new, approvals, consents,
      exemptions, authorizations, or other actions by, or notices to, or filings
      with,
      any Governmental Authority or any other Person that is necessary or required
      in
      connection with (i) the performance by, or enforcement against, any Loan Party
      of this Agreement or any other Loan Document, (ii)  the maintenance of the
      Liens created under the Collateral Documents (including the first priority
      nature thereof) or (iii) the exercise by the Administrative Agent or any
      Lender of its rights under the Loan Documents or the remedies in respect of
      the
      Collateral pursuant to the Collateral Documents.

     

    
      
        
        

      

      
        78

        
          

        

      

      
        
        

      

    

     

    6.09  Books
      and Records.

     

    (a)
      Maintain proper books of record and account, in which full, true and correct
      entries in all material respects 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; and (b)
      maintain such books of record and account in material conformity with all
      applicable requirements of any Governmental Authority having regulatory
      jurisdiction over the Borrower or such Subsidiary, as the case may
      be.

     

    6.10  Inspection
      Rights.

     

    Permit
      representatives and independent contractors of the Administrative 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;
providedthat the Agent and Lenders may not do the foregoing at the
      expense of the Borrower more often than once in any fiscal year; provided
      that when an Event of Default exists the Administrative 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.

     

    6.11  Use
      of
      Proceeds.

     

    Use
      the
      proceeds of (a) the Revolving Credit Loans for working capital, for Capital
      Expenditures and for general corporate purposes not in contravention of any
      Law
      or of any Loan Document, and (b) the Term Loan to payoff the Existing Credit
      Agreement and for Capital Expenditures relating to the Borrower’s collocation
      services.

     

    6.12  Covenant
      to Guarantee Obligations and Give Security.

     

    (a)  Upon
      the
      formation or acquisition of any new direct or indirect Subsidiary (other than
      any CFC if the execution by such CFC of a Guaranty would result in material
      adverse tax consequences or a Subsidiary that is held directly or indirectly
      by
      a CFC) by any Loan Party, then the Borrower shall, at the Borrower’s
      expense:

     

    (i)  within
      10 days after such formation or acquisition, cause such Subsidiary, and
      cause each direct and indirect parent of such Subsidiary (if it has not already
      done so), to duly execute and deliver to the Administrative Agent a guaranty
      or
      guaranty supplement, in form and substance reasonably satisfactory to the
      Administrative Agent, guaranteeing the other Loan Parties’ obligations under the
      Loan Documents,

     

    (ii)  within
      10
      days after such formation or acquisition, furnish to the Administrative Agent
      a
      description of the real and personal properties of such Subsidiary, in detail
      reasonably satisfactory to the Administrative Agent,

     

    
      
        
        

      

      
        79

        
          

        

      

      
        
        

      

    

     

    (iii)  within
      15
      days after such formation or acquisition, cause such Subsidiary and each direct
      and indirect parent of such Subsidiary (if it has not already done so) to duly
      execute and deliver to the Administrative Agent Security Agreement Supplements,
      IP Security Agreement Supplements and other security and pledge agreements,
      as
      specified by and in form and substance reasonably satisfactory to the
      Administrative Agent (including delivery of all Pledged Interests in and of
      such
      Subsidiary, and other instruments of the type specified in Section
      4.01(a)(iii)), securing payment of all the Obligations of such Subsidiary or
      such parent, as the case may be, under the Loan Documents and constituting
      Liens
      on all such real and personal properties,

     

    (iv)  within
      30
      days after such formation or acquisition, cause such Subsidiary and each direct
      and indirect parent of such Subsidiary (if it has not already done so) to take
      whatever action (including the filing of Uniform Commercial Code financing
      statements, the giving of notices and the endorsement of notices on title
      documents) may be necessary or advisable in the opinion of the Administrative
      Agent to vest in the Administrative Agent (or in any representative of the
      Administrative Agent designated by it) valid and subsisting Liens on the
      properties purported to be subject to the deeds Security Agreement Supplements,
      IP Security Agreement Supplements and security and pledge agreements delivered
      pursuant to this Section 6.12, enforceable against all third parties
      in accordance with their terms, and

     

    (v)  within
      60
      days after such formation or acquisition, deliver to the Administrative Agent,
      upon the request of the Administrative Agent in its sole discretion, a signed
      copy of a favorable opinion, addressed to the Administrative Agent and the
      other
      Secured Parties, of counsel for the Loan Parties acceptable to the
      Administrative Agent as to the matters contained in clauses (i), (iii) and
      (iv) above, and as to such other matters as the Administrative Agent may
      reasonably request; provided, such opinion shall be limited to the scope
      of the opinions delivered pursuant to Section 4.01(a)(vii);
provided, that the Administrative Agent may require that such opinion
      cover additional subject matters other than those subject matters covered in
      the
      opinions delivered pursuant to Section 4.01(a)(vii) if the Administrative
      Agent reasonably believes the inclusion of such new subjects is appropriate
      or
      otherwise desirable based upon such new Subsidiary’s assets, activities,
      condition or other characteristics.

     

    (b)  Upon
      the
      acquisition of any property having a value in excess of $100,000 by any Loan
      Party, if such property, in the reasonable judgment of the Administrative Agent,
      shall not already be subject to a perfected first priority security interest
      in
      favor of the Administrative Agent for the benefit of the Secured Parties, then
      the Borrower shall, at the Borrower’s expense:

     

    (i)  within
      10
      days after such acquisition, furnish to the Administrative Agent a description
      of the property so acquired in detail reasonably satisfactory to the
      Administrative Agent,

     

    (ii)  within
      15
      days after such acquisition, cause the applicable Loan Party to duly execute
      and
      deliver to the Administrative Agent deeds of trust, trust deeds, deeds to secure
      debt, mortgages, leasehold mortgages, leasehold deeds of trust, Security
      Agreement Supplements, IP Security Agreement Supplements and other security
      and
      pledge agreements, as specified by and in form and substance reasonably
      satisfactory to the Administrative Agent, securing payment of all the
      Obligations of the applicable Loan Party under the Loan Documents and
      constituting Liens on all such properties,

     

    
      
        
        

      

      
        80

        
          

        

      

      
        
        

      

    

     

    (iii)  within
      30
      days after such acquisition, cause the applicable Loan Party to take whatever
      action (including the recording of mortgages, the filing of Uniform Commercial
      Code financing statements, the giving of notices and the endorsement of notices
      on title documents) may be necessary or advisable in the opinion of the
      Administrative Agent to vest in the Administrative Agent (or in any
      representative of the Administrative Agent designated by it) valid and
      subsisting Liens on such property, enforceable against all third
      parties,

     

    (iv)  within
      60
      days after such acquisition, deliver to the Administrative Agent, upon the
      request of the Administrative Agent in its sole discretion, a signed copy of
      a
      favorable opinion, addressed to the Administrative Agent and the other Secured
      Parties, of counsel for the Loan Parties acceptable to the Administrative Agent
      as to the matters contained in clauses (ii) and (iii) above and as to such
      other matters as the Administrative Agent may reasonably request,
      and

     

    (v)  as
      promptly as practicable after any acquisition of a real property, deliver,
      upon
      the request of the Administrative Agent in its sole discretion, to the
      Administrative Agent with respect to such real property title reports, surveys
      and engineering, soils and other reports, and environmental assessment reports,
      each in scope, form and substance satisfactory to the Administrative Agent;
      provided that to the extent that any Loan Party or any of its
      Subsidiaries shall have otherwise received any of the foregoing items with
      respect to such real property, such items shall, promptly after the receipt
      thereof, be delivered to the Administrative Agent, provided, such opinion
      shall be limited to the scope of the opinions delivered pursuant to Section
      4.01(a)(vii); provided, that the Administrative Agent may require
      that such opinion cover additional subject matters other than those subject
      matters covered in the opinions delivered pursuant to Section
      4.01(a)(vii) if the Administrative Agent reasonably believes the inclusion
      of such new subjects is appropriate or otherwise desirable based upon such
      new
      Subsidiary’s assets, activities, condition or other
      characteristics.

     

    (c)  Upon
      the
      request of the Administrative Agent following the occurrence and during the
      continuance of a Default, the Borrower shall, at the Borrower’s
      expense:

     

    (i)  within
      10
      days after such request, furnish to the Administrative Agent a description
      of
      the real and personal properties of the Loan Parties and their respective
      Subsidiaries in detail satisfactory to the Administrative Agent,

     

    (ii)  within
      15
      days after such request, duly execute and deliver, and cause each Subsidiary
      (other than any CFC or a Subsidiary that is held directly or indirectly by
      a
      CFC) of the Borrower (if it has not already done so) to duly execute and
      deliver, to the Administrative Agent deeds of trust, trust deeds, deeds to
      secure debt, mortgages, leasehold mortgages, leasehold deeds of trust, Security
      Agreement Supplements, IP Security Agreement Supplements and other security
      and
      pledge agreements, as specified by and in form and substance satisfactory to
      the
      Administrative Agent (including delivery of all Pledged Equity and Pledged
      Debt
      in and of such Subsidiary, and other instruments of the type specified in
Section 4.01(a)(iii)), securing payment of all the Obligations of such
      Subsidiary under the Loan Documents and constituting Liens on all such
      properties,

     

    
      
        
        

      

      
        81

        
          

        

      

      
        
        

      

    

     

    (iii)  within
      30
      days after such request, take, and cause each Subsidiary (other than any CFC
      or
      a Subsidiary that is held directly or indirectly by a CFC) of the Borrower
      to
      take, whatever action (including the recording of mortgages, the filing of
      Uniform Commercial Code financing statements, the giving of notices and the
      endorsement of notices on title documents) may be necessary or advisable in
      the
      opinion of the Administrative Agent to vest in the Administrative Agent (or
      in
      any representative of the Administrative Agent designated by it) valid and
      subsisting Liens on the properties purported to be subject to the deeds of
      trust, trust deeds, deeds to secure debt, mortgages, leasehold mortgages,
      leasehold deeds of trust, Security Agreement Supplements, IP Security Agreement
      Supplements and security and pledge agreements delivered pursuant to this
Section 6.12, enforceable against all third parties in accordance
      with their terms,

     

    (iv)  within
      60
      days after such request, deliver to the Administrative Agent, upon the request
      of the Administrative Agent in its sole discretion, a signed copy of a favorable
      opinion, addressed to the Administrative Agent and the other Secured Parties,
      of
      counsel for the Loan Parties acceptable to the Administrative Agent as to the
      matters contained in clauses (ii) and (iii) above, and as to such other
      matters as the Administrative Agent may reasonably request, and

     

    (v)  as
      promptly as practicable after such request, deliver, upon the request of the
      Administrative Agent in its sole discretion, to the Administrative Agent with
      respect to each parcel of real property owned or held by the Borrower and its
      Subsidiaries, title reports, surveys and engineering, soils and other reports,
      and environmental assessment reports, each in scope, form and substance
      satisfactory to the Administrative Agent; provided that to the extent
      that any Loan Party or any of its Subsidiaries shall have otherwise received
      any
      of the foregoing items with respect to such real property, such items shall,
      promptly after the receipt thereof, be delivered to the Administrative
      Agent.

     

    (d)  At
      any
      time upon request of the Administrative Agent, promptly execute and deliver
      any
      and all further instruments and documents and take all such other action as
      the
      Administrative Agent may deem necessary or desirable in obtaining the full
      benefits of, or (as applicable) in perfecting and preserving the Liens of,
      such
      guaranties, deeds of trust, trust deeds, deeds to secure debt, mortgages,
      leasehold mortgages, leasehold deeds of trust, Security Agreement Supplements,
      IP Security Agreement Supplements and other security and pledge
      agreements.

     

    6.13  Compliance
      with Environmental Laws.

     

    Comply
      with all applicable Environmental Laws and Environmental Permits except for
      failures that would not have a Material Adverse Effect; obtain and renew all
      Environmental Permits necessary for its operations and properties except for
      failures that would not have a Material Adverse Effect; and conduct any
      investigation, study, sampling and testing, and undertake any cleanup, removal,
      remedial or other action necessary to remove and clean up all Hazardous
      Materials from any of its properties, in accordance with the requirements of
      all
      Environmental Laws except for failures that would not have a Material Adverse
      Effect; provided 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 in accordance with GAAP.

     

    
      
        
        

      

      
        82

        
          

        

      

      
        
        

      

    

     

    6.14  Preparation
      of Environmental Reports.

     

    At
      the
      reasonable request of the Required Lenders from time to time, provide to the
      Lenders within 60 days after such request, at the expense of the Borrower,
      an environmental site assessment report for any of its properties described
      in
      such request, prepared by an environmental consulting firm acceptable to the
      Administrative Agent, indicating the presence or absence of Hazardous Materials
      and the estimated cost of any compliance, removal or remedial action in
      connection with any Hazardous Materials on such properties; without limiting
      the
      generality of the foregoing, if the Administrative Agent determines at any
      time
      that a material risk exists that any such report will not be provided within
      the
      time referred to above, the Administrative Agent may retain an environmental
      consulting firm to prepare such report at the expense of the Borrower, and
      the
      Borrower hereby grants and agrees to cause any Subsidiary that owns any property
      described in such request to grant at the time of such request to the
      Administrative Agent, the Lenders, such firm and any agents or representatives
      thereof an irrevocable non-exclusive license, subject to the rights of tenants,
      to enter onto their respective properties to undertake such an
      assessment.

     

    6.15  Further
      Assurances.

     

    Promptly
      upon request by the Administrative Agent, or any Lender through the
      Administrative Agent, (a) correct any material defect or error that may be
      discovered in any Loan Document or in the execution, acknowledgment, filing
      or
      recordation thereof, and (b) 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 the
      Administrative Agent, or any Lender through the Administrative Agent, may
      reasonably require from time to time in order to (i) carry out more effectively
      the purposes of the Loan Documents, (ii) to the fullest extent permitted by
      applicable law, subject any Loan Party’s or any of its Subsidiaries’ properties,
      assets, rights or interests to the Liens now or hereafter intended to be covered
      by any of the Collateral Documents, (iii) perfect and maintain the validity,
      effectiveness and priority of any of the Collateral Documents and any of the
      Liens intended to be created thereunder and (iv) assure, convey, grant, assign,
      transfer, preserve, protect and confirm more effectively unto the Secured
      Parties the rights granted or now or hereafter intended to be granted to the
      Secured Parties under any Loan Document or under any other instrument executed
      in connection with any Loan Document to which any Loan Party or any of its
      Subsidiaries is or is to be a party, and cause each of its Subsidiaries to
      do
      so.

     

    
      
        
        

      

      
        83

        
          

        

      

      
        
        

      

    

     

    6.16  Compliance
      with Terms of Leaseholds.

     

    Make
      all
      payments and otherwise perform all obligations in respect of all leases of
      real
      property to which the Borrower or any of its Subsidiaries is a party, except,
      in
      any case, where the failure to do so, either individually or in the aggregate,
      could not be reasonably likely to have a Material Adverse Effect.

     

    6.17  Material
      Contracts.

     

    Perform
      and observe all the terms and provisions of each Material Contract to be
      performed or observed by it, maintain each such Material Contract in full force
      and effect, enforce each such Material Contract in accordance with its terms,
      take all such action to such end as may be from time to time requested by the
      Administrative Agent and, upon request of the Administrative Agent, make to
      each
      other party to each such Material Contract such demands and requests for
      information and reports or for action as any Loan Party or any of its
      Subsidiaries is entitled to make under such Material Contract, and cause each
      of
      its Subsidiaries to do so.

     

    6.18  Landlord
      Waivers.

     

    Take
      commercially reasonable actions to obtain within 90 days of the Closing Date
      duly executed collateral access agreements and/or landlord waivers, in form
      and
      substance reasonably satisfactory to the Administrative Agent, with the
      landlords of each of the Borrower’s and its Subsidiaries leased
      locations.

     

    6.19  Post-Closing
      Deliverables.

     

    (a)           Deliver
      to the Administrative Agent on or before the fifteenth day following the Closing
      Date, or such later date as the Administrative Agent may permit in its sole
      discretion, evidence reasonably satisfactory to the Administrative Agent that
      the Borrower has filed all necessary certificates and documents and paid all
      fines, fees, taxes and other expenses necessary for the Borrower to validly
      exist, be in good standing and qualify to engage in business in the states
      of
      Illinois and Massachusetts.

     

    (b)           Deliver
      to the Administrative Agent on or before the forty-fifth day following the
      Closing Date, or such later date as the Administrative Agent may permit in
      its
      sole discretion, certificates, in form and substance satisfactory to the
      Administrative Agent, representing the Pledged Equity of Sockeye Network
      Solutions, Inc., Internap Holding Corporation, Internap Corporation, CO Space,
      Inc., NetVmg, Inc., Internap Technologies, Inc. and VPNX.com, Inc. accompanied
      by corresponding undated stock powers executed in blank.

     

    (c)           Deliver
      to the Administrative Agent on or before the forty-fifth day following the
      Closing Date, or such later date as the Administrative Agent may permit in
      its
      sole discretion,  re-issued certificates, in form and substance
      satisfactory to the Administrative Agent, representing the Pledged Equity of
      Vitalstream Holdings, Inc., Vitalstream Broadcasting Corporation and
      Vitalstream, Inc. accompanied by corresponding undated stock powers executed
      in
      blank.

     

    
      
        
        

      

      
        84

        
          

        

      

      
        
        

      

    

     

    (d)           Use
      commercially reasonable efforts to deliver to the Administrative Agent on or
      before the ninetieth day following the Closing Date, or such later date as
      the
      Administrative Agent may permit in its sole discretion, certificates, in form
      and substance satisfactory to the Administrative Agent, representing the Pledged
      Equity of Internap Holdings, Inc., Internap (Bermuda) Limited, Internap
      Technologies (Bermuda) Limited, Internap Network Services (Singapore) PE
      Limited, Internap Network Services (Australia) Ltd., Internap Network Services
      (HK) Limited and Internap Network Services Canada Co. accompanied by
      corresponding undated stock powers executed in blank.

     

    (e)           Deliver
      to the Administrative Agent on or before the fifteenth day following the Closing
      Date, or such later date as the Administrative Agent may permit in its sole
      discretion, an opinion, in form and substance satisfactory to the Agent, from
      Lionel, Sawyer & Collins, Nevada legal counsel to the Borrower.

     

    ARTICLE
      VII

    NEGATIVE
      COVENANTS

     

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

     

    7.01  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 sign or file or suffer
      to
      exist under the Uniform Commercial Code of any jurisdiction a financing
      statement that names the Borrower or any of its Subsidiaries as debtor, or
      assign any accounts or other right to receive income, other than the
      following:

     

    (a)  Liens
      pursuant to any Loan Document;

     

    (b)  Liens
      existing on the date hereof and listed on Schedule 5.08(b) and any
      renewals or extensions thereof; provided that (i) the property covered
      thereby is not changed, (ii) the amount secured or benefited thereby is not
      increased except as contemplated by Section 7.02(g), (iii) the direct or
      any contingent obligor with respect thereto is not changed, and (iv) any renewal
      or extension of the obligations secured or benefited thereby is permitted by
      Section 7.02(g);

     

    (c)  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;

     

    (d)  carriers’,
      warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens
      arising in the ordinary course of business which are not overdue for a period
      of
      more than 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;

     

    
      
        
        

      

      
        85

        
          

        

      

      
        
        

      

    

     

    (e)  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;

     

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

     

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

     

    (h)  Liens
      securing judgments for the payment of money not constituting an Event of Default
      under Section 8.01(h);

     

    (i)  Liens
      securing Indebtedness permitted under Section 7.02(f); provided
      that (i) such Liens do not at any time encumber any property other than the
      property financed by such Indebtedness and (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

     

    (j)  other
      Liens securing Indebtedness outstanding in an aggregate principal amount not
      to
      exceed $250,000; provided that no such Lien shall extend to or cover any
      Collateral.

     

    7.02  Indebtedness.

     

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

     

    (a)  obligations
      (contingent or otherwise) 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 fluctuations in interest rates or foreign exchange rates
      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;

     

    (b)  Indebtedness
      of a Subsidiary of the Borrower owed to the Borrower or a wholly-owned
      Subsidiary of the Borrower, which Indebtedness shall (i) in the case of
      Indebtedness owed to a Loan Party, constitute “Pledged Debt” under the Security
      Agreement, (ii) be on terms (including subordination terms) acceptable to the
      Administrative Agent and (iii) be otherwise permitted under the provisions
      of
Section 7.03;

     

    (c)  Indebtedness
      under the Loan Documents;

     

    
      
        
        

      

      
        86

        
          

        

      

      
        
        

      

    

     

    (d)  Indebtedness
      outstanding on the date hereof and listed on Schedule 7.02 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 or any
      contingent obligor with respect thereto is not changed, as a result of or in
      connection with such refinancing, refunding, renewal or extension; and
provided, 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 refinancing, refunding,
      renewing or extending 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 refinanced, refunded, renewed or
      extended and the interest rate applicable to any such refinancing, refunding,
      renewing or extending Indebtedness does not exceed the then applicable market
      interest rate;

     

    (e)  Guarantees
      of the Borrower or any Subsidiary in respect of Indebtedness otherwise permitted
      hereunder of the Borrower or any Guarantor;

     

    (f)  Indebtedness
      in respect of Capitalized Leases, Synthetic Lease Obligations and purchase
      money
      obligations for fixed or capital assets within the limitations set forth in
      Section 7.01(i); provided that the aggregate amount of all such
      Indebtedness at any one time outstanding shall not exceed
      $5,000,000;

     

    (g)  Indebtedness
      of any Person that becomes a Subsidiary of the Borrower after the date hereof
      in
      accordance with the terms of Section 7.03(i), which Indebtedness is
      existing at the time such Person becomes a Subsidiary of the Borrower (other
      than Indebtedness incurred solely in contemplation of such Person’s becoming a
      Subsidiary of the Borrower); and

     

    (h)  unsecured
      Indebtedness in an aggregate principal amount not to exceed $250,000 at any
      time
      outstanding.

     

    7.03  Investments.

     

    Make
      or
      hold any Investments, except:

     

    (a)  Investments
      held by the Borrower and its Subsidiaries in the form of Cash
      Equivalents;

     

    (b)  advances
      to officers, directors and employees of the Borrower and Subsidiaries in an
      aggregate amount not to exceed $500,000 at any time outstanding, for
      relocation;

     

    (c)  (i)
      Investments by the Borrower and its Subsidiaries in their respective
      Subsidiaries outstanding on the date hereof, (ii) additional Investments by
      the
      Borrower and its Subsidiaries in Loan Parties, (iii) additional Investments
      by
      Subsidiaries of the Borrower that are not Loan Parties in other Subsidiaries
      that are not Loan Parties and (iv) so long as no Default has occurred and is
      continuing or would result from such Investment, additional Investments by
      the
      Loan Parties in wholly-owned Subsidiaries that are not Loan Parties in an
      aggregate amount invested from the date hereof not to exceed
      $12,000,000;

     

    
      
        
        

      

      
        87

        
          

        

      

      
        
        

      

    

     

    (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 7.02;

     

    (f)  Investments
      existing on the date hereof (other than those referred to in Section
      7.03(c)(i)) and set forth on Schedule 5.08(e);

     

    (g)  Investments
      by the Borrower in Swap Contracts permitted under
Section 7.02(a);

     

    (h)  the
      purchase or other acquisition of all of the Equity Interests in, or all or
      substantially all of the property 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 as a result of a merger or consolidation);
      provided that, with respect to each purchase or other acquisition made
      pursuant to this Section 7.03(h):

     

    (i)  any
      such
      newly-created or acquired Subsidiary shall comply with the requirements of
      Section 6.12;

     

    (ii)  the
      lines
      of business of the Person to be (or the property of which is to be) so purchased
      or otherwise acquired shall be substantially the same or related or
      complementary lines of business as one or more of the principal businesses
      of
      the Borrower and its Subsidiaries in the ordinary course;

     

    (iii)  such
      Investment shall not include or result in any contingent liabilities that could
      reasonably be expected to be material to the business, financial condition,
      operations or prospects of the Borrower and its Subsidiaries, taken as a whole
      (as determined in good faith by the board of directors (or persons performing
      similar functions) of the Borrower or such Subsidiary if the board of directors
      is otherwise approving such transaction and, in each other case, by a
      Responsible Officer);

     

    (iv)  (A)
      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 (B) immediately after giving effect to such
      purchase or other acquisition, (I) the Consolidated Leverage Ratio shall not
      be
      greater than 0.75 to 1.00, such measurement to be determined on the basis of
      the
      financial information most recently delivered to the Administrative Agent and
      the Lenders pursuant to Section 6.01(a) or (b) as though such purchase or
      other acquisition had been consummated as of the first day of the fiscal period
      covered thereby, and (II)  the Borrower and its Subsidiaries shall be
      in pro forma compliance with each other covenant set forth in Section
      7.11, such compliance to be determined on the basis of the financial
      information most recently delivered to the Administrative Agent and the Lenders
      pursuant to Section 6.01(a) or (b) as though such purchase or
      other acquisition had been consummated as of the first day of the fiscal period
      covered thereby; and

     

    
      
        
        

      

      
        88

        
          

        

      

      
        
        

      

    

     

    (v)  the
      Borrower shall have delivered to the Administrative Agent and each Lender,
      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 Administrative Agent and
      the
      Required Lenders, certifying that all of the requirements set forth in this
      subsection (h) have been satisfied or will be satisfied on or prior to the
      consummation of such purchase or other acquisition;

     

    (i)  Investments
      by the Borrower and its Subsidiaries not otherwise permitted under this
Section 7.03; provided that, with respect to each Investment made
      pursuant to this Section 7.03(i):

     

    (i)  such
      Investment shall not include or result in any contingent liabilities that could
      reasonably be expected to be material to the business, financial condition,
      operations or prospects of the Borrower and its Subsidiaries, taken as a whole
      (as determined in good faith by the board of directors (or persons performing
      similar functions) of the Borrower or such Subsidiary if the board of directors
      is otherwise approving such transaction and, in each other case, by a
      Responsible Officer);

     

    (ii)  such
      Investment shall be in property that is part of, or in lines of business that
      are, substantially the same or related or complimentary  lines of
      business as one or more of the principal businesses of the Borrower and its
      Subsidiaries in the ordinary course;

     

    (iii)  any
      determination of the amount of such Investment shall include all cash and
      noncash consideration (including the fair market value of all Equity Interests
      issued or transferred to the sellers thereof, 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 reserves for liabilities with
      respect thereto and all assumptions of debt, liabilities and other obligations
      in connection therewith) paid by or on behalf of the Borrower and its
      Subsidiaries in connection with such Investment; and

     

    (iv)  (A)
      immediately before and immediately after giving pro forma effect to any such
      purchase or other acquisition, no Default shall have occurred and be continuing
      and (B) immediately after giving effect to such purchase or other acquisition,
      the Borrower and its Subsidiaries shall be in pro forma compliance with all
      of
      the covenants set forth in Section 7.11, such compliance to be determined
      on the basis of the financial information most recently delivered to the
      Administrative Agent and the Lenders pursuant to Section 6.01(a) or
(b) as though such Investment had been consummated as of the first
      day of
      the fiscal period covered thereby; and

     

    
      
        
        

      

      
        89

        
          

        

      

      
        
        

      

    

     

    (j)  other
      Investments not exceeding $500,000 in the aggregate in any fiscal year of the
      Borrower.

     

    7.04  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 Loan Party is merging with another
      Subsidiary, such Loan Party shall be the continuing or surviving
      Person;

     

    (b)  any
      Loan
      Party may Dispose of all or substantially all of its assets (upon voluntary
      liquidation or otherwise) to the Borrower or to another Loan Party (other than
      Holdings);

     

    (c)  any
      Subsidiary that is not a Loan Party may dispose of all or substantially all
      its
      assets (including any Disposition that is in the nature of a liquidation) to
      (i)
      another Subsidiary that is not a Loan Party or (ii) to a Loan Party;
      and

     

    (d)   in
      connection with any acquisition permitted under Section 7.03, 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 (i) the Person surviving such merger shall be a wholly-owned Subsidiary
      of
      the Borrower and (ii) in the case of any such merger to which any Loan Party
      (other than the Borrower) is a party, such Loan Party is the surviving
      Person.

     

    7.05  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 (ii)
      the
      proceeds of such Disposition are reasonably promptly applied to the purchase
      price of such replacement property, or (iii) such dispositions are in the
      ordinary course and do not exceed $100,000 in any fiscal year;

     

    
      
        
        

      

      
        90

        
          

        

      

      
        
        

      

    

     

    (d)  Dispositions
      of property by any Subsidiary to the Borrower or to a wholly-owned Subsidiary;
      provided that if the transferor of such property is a Guarantor, the
      transferee thereof must either be the Borrower or a Guarantor;

     

    (e)  Licenses
      of intellectual property in the ordinary course of business; and

     

    (f)  Dispositions
      permitted by Section 7.04;

     

    provided
      that any Disposition pursuant to Sections 7.05(a), (b),
(c), (d) and (e) shall be for fair market
      value.

     

    7.06  Restricted
      Payments.

     

    Declare
      or make, directly or indirectly, any Restricted Payment, or incur any obligation
      (contingent or otherwise) to do so, or issue or sell any Equity Interests or
      accept any capital contributions, except that, so long as no Default shall
      have
      occurred and be continuing at the time of any action described below or would
      result therefrom:

     

    (a)  each
      Subsidiary may make Restricted Payments to the Borrower, any Subsidiaries of
      the
      Borrower that are Guarantors and any other Person that owns a direct Equity
      Interest in such Subsidiary, ratably according to their respective holdings
      of
      the type of Equity Interest in respect of which such Restricted Payment is
      being
      made;

     

    (b)  the
      Borrower and each Subsidiary may declare and make dividend payments or other
      distributions payable solely in the common stock or other common Equity
      Interests of such Person;

     

    (c)  except
      to
      the extent the Net Cash Proceeds thereof are required to be applied to the
      prepayment of the Loans pursuant to Section 2.05(b)(iii), the
      Borrower and each Subsidiary may purchase, redeem or otherwise acquire its
      common Equity Interests with the proceeds received from the substantially
      concurrent issue of new common Equity Interests; and

     

    (d)  the
      Borrower and each Subsidiary may purchase, redeem or otherwise acquire its
      Equity Interests from employees upon the termination of such Person’s
      employment.

     

    7.07  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 substantially related or incidental thereto.

     

    
      
        
        

      

      
        91

        
          

        

      

      
        
        

      

    

     

    7.08  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.

     

    7.09  Burdensome
      Agreements.

     

    Enter
      into or permit to exist any Contractual Obligation (other than this Agreement
      or
      any other Loan Document) that (a) limits the ability (i) of any Subsidiary
      to
      make Restricted Payments 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 and set forth on Schedule 7.09
      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 or (iii) of the Borrower or any Subsidiary to
      create, incur, assume or suffer to exist Liens on property of such Person;
      provided that this clause (iii) shall not prohibit any negative pledge
      incurred or provided in favor of any holder of Indebtedness permitted under
      Section 7.02(i) solely to the extent any such negative pledge relates to
      the property financed by or the subject of such Indebtedness; 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.

     

    7.10  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.

     

    7.11  Financial
      Covenants.

     

    (a)  Consolidated
      Leverage Ratio.  Permit the Consolidated Leverage Ratio as of the
      end of any fiscal quarter of the Borrower to be greater than 1.50 to
      1.00.

     

    (b)  Consolidated
      Fixed Charge Coverage Ratio.  Permit the Consolidated Fixed Charge
      Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less
      than 1.50 to 1.00.

     

    7.12  Capital
      Expenditures.

     

    Make
      or
      become legally obligated to make any Capital Expenditure, except for Capital
      Expenditures in the ordinary course of business not exceeding, in the aggregate
      for the Borrower and it Subsidiaries during each fiscal year set forth below,
      the amount set forth opposite such fiscal year:

     

    
      
        
        

      

      
        92

        
          

        

      

      
        
        

      

    

     

    
      	
              Fiscal
                Year

            	  
              	
              Amount

            	 
	
              2007

            	 	$	
              25,000,000

            	 
	
              2008

            	 	$	
              25,000,000

            	 
	
              2009

            	 	$	
              25,000,000

            	 
	
              2010

            	 	$	
              25,000,000

            	 
	
              2011

            	 	$	
              25,000,000

            	 

    

     

    provided
      that so long as no Default has occurred and is continuing or would result from
      such expenditure, any portion of any amount set forth above, if not expended
      in
      the fiscal year for which it is permitted above, may be carried over for
      expenditure in the next following fiscal year; and provided,
further, if any such amount is so carried over, it will be deemed
      used in
      the applicable subsequent fiscal year before the amount set forth opposite
      such
      fiscal year above; and provided, further, that any Capital
      Expenditures made with the proceeds of the Term Loan shall not shall not be
      counted against the limits set forth above.

     

    7.13  Amendments
      of Organization Documents.

     

    Amend
      any
      of its Organization Documents.

     

    7.14  Accounting
      Changes.

     

    Make
      any
      change in (a) accounting policies or reporting practices, except as
      required by GAAP, or (b) fiscal year.

     

    7.15  Prepayments,
      Etc. of Indebtedness.

     

    Prepay,
      redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity
      thereof in any manner, or make any payment in violation of any subordination
      terms of, any Indebtedness, except (a) the prepayment of the Credit
      Extensions in accordance with the terms of this Agreement and (b) regularly
      scheduled or required repayments or redemptions of Indebtedness set forth in
      Schedule 7.02 and refinancings and refundings of such Indebtedness in
      compliance with Section 7.02(g).

     

    7.16  Amendment,
      Etc. of Indebtedness.

     

    Amend,
      modify or change in any manner any term or condition of any Indebtedness set
      forth in Schedule 7.02, except for any refinancing, refunding, renewal or
      extension thereof permitted by Section 7.02(g).

     

    ARTICLE
      VIII

    EVENTS
      OF
      DEFAULT AND REMEDIES

     

    8.01  Events
      of Default.

     

    Any
      of
      the following shall constitute an Event of Default:

     

    (a)  Non-Payment.  The
      Borrower or any other Loan Party fails to (i) pay when and as required to be
      paid herein, any amount of principal of any Loan or any L/C Obligation or
      deposit any funds as Cash Collateral in respect of L/C Obligations, or (ii)
      pay
      within three days after the same becomes due, any interest on any Loan or on
      any
      L/C Obligation, or any fee due hereunder, or (iii) pay within five days after
      the same becomes due, any other amount payable hereunder or under any other
      Loan
      Document; or

     

    
      
        
        

      

      
        93

        
          

        

      

      
        
        

      

    

     

    (b)  Specific
      Covenants.  (i) The Borrower fails to perform or observe any term,
      covenant or agreement contained in any of Section 6.01, 6.02,
6.03, 6.05, 6.10, 6.11, 6.12, 6.14, or
Article
      VII, (ii) any of the Guarantors fails to perform or observe any
      term, covenant or agreement contained in Article X or (iii) any of the
      Loan Parties fails to perform or observe any term, covenant or agreement
      contained in Section 2.04, 5.01, or 5.02, of the Security Agreement;
      or

     

    (c)  Other
      Defaults.  Any Loan Party fails to perform or observe any other
      covenant or agreement (not specified in Section 8.01(a) or (b)
      above) contained in any Loan Document on its part to be performed or observed
      and such failure continues for 30 days; 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
      when made or deemed made; or

     

    (e)  Cross-Default.  (i)
      Any Loan Party or any Subsidiary thereof (A) fails to make any payment when
      due
      (whether by scheduled maturity, required prepayment, acceleration, demand,
      or
      otherwise) after giving effect to any applicable grace or cure periods in
      respect of any Indebtedness or Guarantee (other than Indebtedness hereunder
      and
      Indebtedness under Swap Contracts) (I) owed to any Secured Party or Affiliate
      thereof, or (II) 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 from (A) any
      event
      of default under such Swap Contract as to which a Loan Party or any Subsidiary
      thereof is the Defaulting Party (as defined in such Swap Contract) or (B) any
      Termination Event (as so defined) under such Swap Contract as to which a Loan
      Party or any Subsidiary thereof is an Affected Party (as so defined) and, in
      either event, the Swap Termination Value owed by such Loan Party or such
      Subsidiary as a result thereof is greater than the Threshold Amount;
      or

     

    
      
        
        

      

      
        94

        
          

        

      

      
        
        

      

    

     

    (f)  Insolvency
      Proceedings, Etc.  Any Loan Party or any Subsidiary thereof
      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 Subsidiary
      thereof 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 Subsidiary thereof (i) one or more
      final judgments or orders for the payment of money in an aggregate amount (as
      to
      all such judgments and orders) exceeding the Threshold Amount (to the extent
      not
      covered by independent third-party insurance as to which the insurer is rated
      at
      least “A” by A.M. Best Company, has been notified of the potential claim and
      does not dispute coverage), 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, (A) enforcement
      proceedings are commenced by any creditor upon such judgment or order, or (B)
      there is a period of 10 consecutive days during which a stay of enforcement
      of
      such judgment, by reason of a pending appeal or otherwise, is not in effect;
      or

     

    (i)  ERISA.  (i)
      An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan
      which
      has resulted or could reasonably be 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 provision of any Loan Document, or
      purports to revoke, terminate or rescind any provision of any Loan Document;
      or

     

    
      
        
        

      

      
        95

        
          

        

      

      
        
        

      

    

     

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

     

    (l)  Collateral
      Documents.  Any Collateral Document after delivery thereof
      pursuant to Section 4.01 or 6.12 shall for any reason (other
      than pursuant to the terms thereof) cease to create a valid and perfected first
      priority Lien (subject to Liens permitted by Section 7.01) on the
      Collateral purported to be covered thereby.

     

    8.02  Remedies
      upon Event of Default.

     

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

     

    (a)  declare
      the commitment of each Lender to make Loans and any obligation of 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);

     

    (d)  exercise
      on behalf of itself, the Lenders and the L/C Issuer all rights and remedies
      available to it, the Lenders and the L/C Issuer under the Loan Documents;
      and

     

    (e)  require
      that Borrower and its Subsidiaries enter into Cash Collateral Accounts with
      respect to any or all of their deposit accounts and securities
      accounts;

     

    provided
      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 the Administrative Agent
      or any Lender.

     

    
      
        
        

      

      
        96

        
          

        

      

      
        
        

      

    

     

    8.03  Application
      of Funds.

     

    After
      the
      exercise of remedies provided for in Section 8.02 (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 8.02), any amounts received on account of the
      Obligations shall be applied by the Administrative Agent in the following
      order:

     

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

     

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

     

    Third,
      to payment of that portion of the Obligations constituting accrued and unpaid
      Letter of Credit Fees and interest on the Loans, L/C Borrowings and other
      Obligations, ratably among the Lenders and the L/C Issuer 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, L/C Borrowings and amounts owing under Secured Hedge Agreements
      and
      Secured Cash Management Agreements, ratably among the Lenders, the L/C Issuer,
      the Hedge Banks and the Cash Management Banks in proportion to the respective
      amounts described in this clause Fourth held by them;

     

    Fifth,
      to the Administrative 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; 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.

     

    
      
        
        

      

      
        97

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      IX

    ADMINISTRATIVE
      AGENT

     

    9.01  Appointment
      and Authority.

     

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

     

    (b)  The
      Administrative Agent shall also act as the “collateral agent” under the
      Loan Documents, and each of the Lenders (in its capacities as a Lender, Swing
      Line Lender (if applicable), potential Hedge Bank and potential Cash Management
      Bank) and the L/C Issuer hereby irrevocably appoints and authorizes the
      Administrative Agent to act as the agent of such Lender and the L/C Issuer
      for
      purposes of acquiring, holding and enforcing any and all Liens on Collateral
      granted by any of the Loan Parties to secure any of the Obligations, together
      with such powers and discretion as are reasonably incidental
      thereto.  In this connection, the Administrative Agent, as “collateral
      agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the
      Administrative Agent pursuant to Section 9.05 for purposes of holding or
      enforcing any Lien on the Collateral (or any portion thereof) granted under
      the
      Collateral Documents, or for exercising any rights and remedies thereunder
      at
      the direction of the Administrative Agent), shall be entitled to the benefits
      of
      all provisions of this Article IX and Article XI (including
Section 11.04(c), as though such co-agents, sub-agents and
      attorneys-in-fact were the “collateral agent” under the Loan Documents) as if
      set forth in full herein with respect thereto.

     

    9.02  Rights
      as a Lender.

     

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

     

    9.03  Exculpatory
      Provisions.

     

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

     

    
      
        
        

      

      
        98

        
          

        

      

      
        
        

      

    

     

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

     

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

     

    (c)  shall
      not, except as expressly set forth herein and in the other Loan Documents,
      have
      any duty to disclose, and shall not be liable for the failure to disclose,
      any
      information relating to the Borrower or any of its Affiliates that is
      communicated to or obtained by the Person serving as the Administrative Agent
      or
      any of its Affiliates in any capacity.

     

    The
      Administrative Agent shall not be liable for any action taken or not taken
      by it
      (i) with the consent or at the request of the Required Lenders (or such other
      number or percentage of the Lenders as shall be necessary, or as the
      Administrative Agent shall believe in good faith shall be necessary, under
      the
      circumstances as provided in Sections 11.01 and 8.02) or (ii) in
      the absence of its own gross negligence or willful misconduct.  The
      Administrative Agent shall be deemed not to have knowledge of any Default unless
      and until notice describing such Default is given to the Administrative Agent
      by
      the Borrower, a Lender or the L/C Issuer.

     

    The
      Administrative Agent shall not be responsible for or have any duty to ascertain
      or inquire into (i) any statement, warranty or representation made in or in
      connection with this Agreement or any other Loan Document, (ii) the contents
      of
      any certificate, report or other document delivered hereunder or thereunder
      or
      in connection herewith or therewith, (iii) the performance or observance of
      any of the covenants, agreements or other terms or conditions set forth herein
      or therein or the occurrence of any Default, (iv) the validity, enforceability,
      effectiveness or genuineness of this Agreement, any other Loan Document or
      any
      other agreement, instrument or document, or the creation, perfection or priority
      of any Lien purported to be created by the Collateral Documents, (v) the value
      or the sufficiency of any Collateral, or (v) the satisfaction of any condition
      set forth in Article IV or elsewhere herein, other than to confirm
      receipt of items expressly required to be delivered to the Administrative
      Agent.

     

    9.04  Reliance
      by Administrative Agent.

     

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

     

    
      
        
        

      

      
        99

        
          

        

      

      
        
        

      

    

     

    9.05  Delegation
      of Duties.

     

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

     

    9.06  Resignation
      of Administrative Agent.

     

    The
      Administrative Agent may at any time give notice of its resignation to the
      Lenders, the L/C Issuer and the Borrower.  Upon receipt of any such
      notice of resignation, the Required Lenders shall have the right, in
      consultation with the Borrower, to appoint a successor, which shall be a bank
      with an office in the United States, or an Affiliate of any such bank with
      an
      office in the United States.  If no such successor shall have been so
      appointed by the Required Lenders and shall have accepted such appointment
      within 30 days after the retiring Administrative Agent gives notice of its
      resignation, then the retiring Administrative Agent may on behalf of the Lenders
      and the L/C Issuer, appoint a successor Administrative Agent meeting the
      qualifications set forth above; provided that if the Administrative Agent
      shall notify the Borrower and the Lenders that no qualifying Person has accepted
      such appointment, then such resignation shall nonetheless become effective
      in
      accordance with such notice and (a) the retiring Administrative Agent shall
      be discharged from its duties and obligations hereunder and under the other
      Loan
      Documents (except that in the case of any collateral security held by the
      Administrative Agent on behalf of the Lenders or the L/C Issuer under any of
      the
      Loan Documents, the retiring Administrative Agent shall continue to hold such
      collateral security until such time as a successor Administrative Agent is
      appointed) and (b) all payments, communications and determinations provided
      to be made by, to or through the Administrative Agent shall instead be made
      by
      or to each Lender and the L/C Issuer directly, until such time as the Required
      Lenders appoint a successor Administrative Agent as provided for above in this
      Section.  Upon the acceptance of a successor’s appointment as
      Administrative Agent hereunder, such successor shall succeed to and become
      vested with all of the rights, powers, privileges and duties of the retiring
      (or
      retired) Administrative Agent, and the retiring Administrative Agent shall
      be
      discharged from all of its duties and obligations hereunder or under the other
      Loan Documents (if not already discharged therefrom as provided above in this
      Section).  The fees payable by the Borrower to a successor
      Administrative Agent shall be the same as those payable to its predecessor
      unless otherwise agreed between the Borrower and such
      successor.  After the retiring Administrative Agent’s resignation
      hereunder and under the other Loan Documents, the provisions of this Article
      and
Section 11.04 shall continue in effect for the benefit of such
      retiring Administrative Agent, its sub-agents and their respective Related
      Parties in respect of any actions taken or omitted to be taken by any of them
      while the retiring Administrative Agent was acting as Administrative
      Agent.

     

    
      
        
        

      

      
        100

        
          

        

      

      
        
        

      

    

     

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

     

    9.07  Non-Reliance
      on Administrative Agent and Other Lenders.

     

    Each
      Lender and the L/C Issuer acknowledges that it has, independently and without
      reliance upon the Administrative Agent or any other Lender or any of their
      Related Parties and based on such documents and information as it has deemed
      appropriate, made its own credit analysis and decision to enter into this
      Agreement.  Each Lender and the L/C Issuer also acknowledges that it
      will, independently and without reliance upon the Administrative Agent or any
      other Lender or any of their Related Parties and based on such documents and
      information as it shall from time to time deem appropriate, continue to make
      its
      own decisions in taking or not taking action under or based upon this Agreement,
      any other Loan Document or any related agreement or any document furnished
      hereunder or thereunder.

     

    9.08  No
      Other Duties, Etc.

     

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

     

    9.09  Administrative
      Agent May File Proofs of Claim.

     

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

     

    
      
        
        

      

      
        101

        
          

        

      

      
        
        

      

    

     

    (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, the L/C Issuer and the
      Administrative Agent (including any claim for the reasonable compensation,
      expenses, disbursements and advances of the Lenders, the L/C Issuer and the
      Administrative Agent and their respective agents and counsel and all other
      amounts due the Lenders, the L/C Issuer and the Administrative Agent under
      Sections 2.03(i) and (j), 2.09 and 11.04) allowed in
      such judicial proceeding; and

     

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

     

    and
      any
      custodian, receiver, assignee, trustee, liquidator, sequestrator or other
      similar official in any such judicial proceeding is hereby authorized by each
      Lender and the L/C Issuer to make such payments to the Administrative Agent
      and,
      if the Administrative Agent shall consent to the making of such payments
      directly to the Lenders and the L/C Issuer, to pay to the Administrative Agent
      any amount due for the reasonable compensation, expenses, disbursements and
      advances of the Administrative Agent and its agents and counsel, and any other
      amounts due the Administrative Agent under Sections 2.09 and
11.04.

     

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

     

    9.10  Collateral
      and Guaranty Matters.

     

    The
      Lenders and the L/C Issuer irrevocably authorize the Administrative Agent,
      at
      its option and in its discretion,

     

    (a)  to
      release any Lien on any property granted to or held by the Administrative Agent
      under any Loan Document (i) upon termination of the Aggregate Commitments and
      payment in full of all Obligations (other than contingent indemnification
      obligations) and the expiration or termination of all Letters of Credit, (ii)
      that is sold or to be sold as part of or in connection with any sale permitted
      hereunder or under any other Loan Document, or (iii)  if approved,
      authorized or ratified in writing in accordance with Section
      11.01;

     

    (b)  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;
      and

     

    (c)  to
      subordinate any Lien on any property granted to or held by the Administrative
      Agent under any Loan Document to the holder of any Lien on such property that
      is
      permitted by Section 7.01(i).

     

    
      
        
        

      

      
        102

        
          

        

      

      
        
        

      

    

     

    Upon
      request by the Administrative Agent at any time, the Required Lenders will
      confirm in writing the Administrative Agent’s authority to release or
      subordinate its interest in particular types or items of property, or to release
      any Guarantor from its obligations under the Guaranty pursuant to this
Section 9.10.  In each case as specified in this Section
      9.10, the Administrative Agent will, at the Borrower’s expense, execute and
      deliver to the applicable Loan Party such documents as such Loan Party may
      reasonably request to evidence the release of such item of Collateral from
      the
      assignment and security interest granted under the Collateral Documents or
      to
      subordinate its interest in such item, or to release such Guarantor from its
      obligations under the Guaranty, in each case in accordance with the terms of
      the
      Loan Documents and this Section 9.10.

     

    ARTICLE
      X

    CONTINUING
      GUARANTY

     

    10.01  Guaranty.

     

    Each
      Guarantor hereby absolutely and unconditionally guarantees, as a guaranty of
      payment and performance and not merely as a guaranty of collection, prompt
      payment when due, whether at stated maturity, by required prepayment, upon
      acceleration, demand or otherwise, and at all times thereafter, of any and
      all
      of the Obligations, whether for principal, interest, premiums, fees,
      indemnities, damages, costs, expenses or otherwise, of the Borrower to the
      Secured Parties, arising hereunder and under the other Loan Documents (including
      all renewals, extensions, amendments, refinancings and other modifications
      thereof and all costs, attorneys’ fees and expenses incurred by the Secured
      Parties in connection with the collection or enforcement
      thereof).  The Administrative Agent’s books and records showing the
      amount of the Obligations shall be admissible in evidence in any action or
      proceeding, and shall be binding upon such Guarantor, and conclusive (absent
      manifest error) for the purpose of establishing the amount of the
      Obligations.  This Guaranty shall not be affected by the genuineness,
      validity, regularity or enforceability of the Obligations or any instrument
      or
      agreement evidencing any Obligations, or by the existence, validity,
      enforceability, perfection, non-perfection or extent of any collateral therefor,
      or by any fact or circumstance relating to the Obligations which might otherwise
      constitute a defense to the obligations of such Guarantor under this Guaranty,
      and each Guarantor hereby irrevocably waives any defenses it may now have or
      hereafter acquire in any way relating to any or all of the foregoing.

     

    10.02  Rights
      of Lenders.

     

    Each
      Guarantor consents and agrees that the Secured Parties may, at any time and
      from
      time to time, without notice or demand, and without affecting the enforceability
      or continuing effectiveness hereof:  (a) amend, extend, renew,
      compromise, discharge, accelerate or otherwise change the time for payment
      or
      the terms of the Obligations or any part thereof; (b) take, hold, exchange,
      enforce, waive, release, fail to perfect, sell, or otherwise dispose of any
      security for the payment of this Guaranty or any Obligations; (c) apply such
      security and direct the order or manner of sale thereof as the Administrative
      Agent, the L/C Issuer and the Lenders in their sole discretion may determine;
      and (d) release or substitute one or more of any endorsers or other guarantors
      of any of the Obligations.  Without limiting the generality of the
      foregoing, each Guarantor consents to the taking of, or failure to take, any
      action which might in any manner or to any extent vary the risks of such
      Guarantor under this Guaranty or which, but for this provision, might operate
      as
      a discharge of such Guarantor.

     

    
      
        
        

      

      
        103

        
          

        

      

      
        
        

      

    

     

    10.03  Certain
      Waivers.

     

    Each
      Guarantor waives (a) any defense arising by reason of any disability or other
      defense of the Borrower or any other guarantor, or the cessation from any cause
      whatsoever (including any act or omission of any Secured Party) of the liability
      of the Borrower; (b) any defense based on any claim that such Guarantor’s
      obligations exceed or are more burdensome than those of the Borrower; (c) the
      benefit of any statute of limitations affecting such Guarantor’s liability
      hereunder; (d) any right to proceed against the Borrower, proceed against or
      exhaust any security for the Obligations, or pursue any other remedy in the
      power of any Secured Party whatsoever; (e) any benefit of and any right to
      participate in any security now or hereafter held by any Secured Party; and
      (f)
      to the fullest extent permitted by law, any and all other defenses or benefits
      that may be derived from or afforded by applicable law limiting the liability
      of
      or exonerating guarantors or sureties.  Each
      Guarantor expressly waives all
      setoffs and counterclaims and all presentments, demands for payment or
      performance, notices of nonpayment or nonperformance, protests, notices of
      protest, notices of dishonor and all other notices or demands of any kind or
      nature whatsoever with respect to the Obligations, and all notices of acceptance
      of this Guaranty or of the existence, creation or incurrence of new or
      additional Obligations, including, but not limited to, the benefits of Official
      Code of Georgia § 10-7-24, as amended, or any similar statute.  As
      provided below, this Guaranty shall be governed by, and construed in accordance
      with, the laws of the State of Georgia.

     

    10.04  Obligations
      Independent.

     

    The
      obligations of each Guarantor hereunder are those of primary obligor, and not
      merely as surety, and are independent of the Obligations and the obligations
      of
      any other guarantor, and a separate action may be brought against any Guarantor
      to enforce this Guaranty whether or not the Borrower or any other person or
      entity is joined as a party.

     

    10.05  Subrogation.

     

    No
      Guarantor shall exercise any right of subrogation, contribution, indemnity,
      reimbursement or similar rights with respect to any payments it makes under
      this
      Guaranty until all of the Obligations and any amounts payable under this
      Guaranty have been indefeasibly paid and performed in full and the Commitments
      and the Facilities are terminated.  If any amounts are paid to any
      Guarantor in violation of the foregoing limitation, then such amounts shall
      be
      held in trust for the benefit of the Secured Parties and shall forthwith be
      paid
      to the Secured Parties to reduce the amount of the Obligations, whether matured
      or unmatured.

     

    10.06  Termination;
      Reinstatement.

     

    This
      Guaranty is a continuing and irrevocable guaranty of all Obligations now or
      hereafter existing and shall remain in full force and effect until all
      Obligations and any other amounts payable under this Guaranty are indefeasibly
      paid in full in cash and the Commitments and the Facilities with respect to
      the
      Obligations are terminated.  Notwithstanding the foregoing, this
      Guaranty shall continue in full force and effect or be revived, as the case
      may
      be, if any payment by or on behalf of the Borrower or any Guarantor is made,
      or
      any of the Secured Parties exercises its right of setoff, in respect of the
      Obligations 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 any
      of
      the Secured Parties in their discretion) to be repaid to a trustee, receiver
      or
      any other party, in connection with any proceeding under any Debtor Relief
      Laws
      or otherwise, all as if such payment had not been made or such setoff had not
      occurred and whether or not the Secured Parties are in possession of or have
      released this Guaranty and regardless of any prior revocation, rescission,
      termination or reduction.  The obligations of each Guarantor under
      this paragraph shall survive termination of this Guaranty.

     

    
      
        
        

      

      
        104

        
          

        

      

      
        
        

      

    

     

    10.07  Subordination.

     

    Each
      Guarantor hereby subordinates the payment of all obligations and indebtedness
      of
      the Borrower owing to such Guarantor, whether now existing or hereafter arising,
      including but not limited to any obligation of the Borrower to such Guarantor
      as
      subrogee of the Secured Parties or resulting from such Guarantors performance
      under this Guaranty, to the indefeasible payment in full in cash of all
      Obligations.  If the Secured Parties so request, any such obligation
      or indebtedness of the Borrower to any Guarantor shall be enforced and
      performance received by such Guarantor as trustee for the Secured Parties and
      the proceeds thereof shall be paid over to the Secured Parties on account of
      the
      Obligations, but without reducing or affecting in any manner the liability
      of
      such Guarantor under this Guaranty.

     

    10.08  Stay
      of Acceleration.

     

    If
      acceleration of the time for payment of any of the Obligations is stayed, in
      connection with any case commenced by or against any Guarantor or the Borrower
      under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless
      be payable by such Guarantor immediately upon demand by the Secured
      Parties.

     

    10.09  Condition
      of Borrower.

     

    Each
      Guarantor acknowledges and agrees that it has the sole responsibility for,
      and
      has adequate means of, obtaining from the Borrower and any other guarantor
      such
      information concerning the financial condition, business and operations of
      the
      Borrower and any such other guarantor as such Guarantor requires, and that
      none
      of the Secured Parties has any duty, and such Guarantor is not relying on the
      Secured Parties at any time, to disclose to such Guarantor any information
      relating to the business, operations or financial condition of the Borrower
      or
      any other guarantor (such Guarantor waiving any duty on the part of the Secured
      Parties to disclose such information and any defense relating to the failure
      to
      provide the same).

     

    ARTICLE
      XI

    MISCELLANEOUS

     

    11.01  Amendments,
      Etc.

     

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

     

    
      
        
        

      

      
        105

        
          

        

      

      
        
        

      

    

     

    (a)  waive
      any
      condition set forth in Section 4.01 (other than Section 4.01(b)(i)
or (c)), or, in the case of the initial Credit Extension,
      Section 4.02, without the written consent of each
      Lender;

     

    (b)  without
      limiting the generality of clause (a) above, waive any condition set forth
      in
Section 4.02 as to any Credit Extension under a particular Facility
      without the written consent of the Required Revolving Lenders or the Required
      Term Loan Lenders, as the case may be;

     

    (c)  extend
      or
      increase the Commitment of any Lender (or reinstate any Commitment terminated
      pursuant to Section 8.02) without the written consent of such
      Lender;

     

    (d)  postpone
      any date fixed by this Agreement or any other Loan Document for (i) any payment
      (excluding mandatory prepayments) of principal, interest, fees or other amounts
      due to the Lenders (or any of them) hereunder or under such other Loan Document
      without the written consent of each Lender entitled to such payment or (ii)
      any
      scheduled reduction of any Facility hereunder or under any other Loan Document
      without the written consent of each Appropriate Lender;

     

    (e)  reduce
      the principal of, or the rate of interest specified herein on, any Loan or
      L/C
      Borrowing, or (subject to clause (iv) of the second proviso to this Section
      11.01) any fees or other amounts payable hereunder or under any other Loan
      Document, or change the manner of computation of Consolidated EBITDA used in
      determining the Applicable Rate that would result in a reduction of any interest
      rate on any Loan or any fee payable hereunder without the written consent of
      each Lender entitled to such amount; provided 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;

     

    (f)  change
      (i) Section 8.03 in a manner that would alter the pro rata sharing of
      payments required thereby without the written consent of each Lender or (ii)
      the
      order of application of any reduction in the Commitments or any prepayment
      of
      Loans among the Facilities from the application thereof set forth in the
      applicable provisions of Section 2.05(b) or 2.06(b),
      respectively, in any manner that materially and adversely affects the Lenders
      under a Facility without the written consent of (i) if such Facility is the
      Term Loan Facility, the Required Term Loan Lenders, and (ii)  if such
      Facility is the Revolving Credit Facility, the Required Revolving
      Lenders;

     

    (g)  change
      (i) 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 (other than the
      definitions specified in clause (ii) of this Section 11.01(g)), without
      the written consent of each Lender or (ii) the definition of “Required Revolving
      Lenders,” or “Required Term Loan Lenders,” or without the written consent of
      each Lender under the applicable Facility;

     

    
      
        
        

      

      
        106

        
          

        

      

      
        
        

      

    

     

    (h)  release
      all or substantially all of the Collateral in any transaction or series of
      related transactions, without the written consent of each Lender;

     

    (i)  release
      all or substantially all of the value of the Guaranty, without the written
      consent of each Lender, except to the extent the release of any Subsidiary
      from
      the Guaranty is permitted pursuant to Section 9.10 (in which case such
      release may be made by the Administrative Agent acting alone); or

     

    (j)  impose
      any greater restriction on the ability of any Lender under a Facility to assign
      any of its rights or obligations hereunder without the written consent of (i)
      if
      such Facility is the Term Loan Facility, the Required Term Loan Lenders and
      (ii)
      if such Facility is the Revolving Credit Facility, the Required Revolving
      Lenders;

     

    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 Issuer Document relating to any Letter of Credit issued or
      to
      be issued by it; (ii) no amendment, waiver or consent shall, unless in writing
      and signed by the Swing Line Lender in addition to the Lenders required above,
      affect the rights or duties of the Swing Line Lender under this Agreement;
      (iii)
      no amendment, waiver or consent shall, unless in writing and signed by the
      Administrative Agent in addition to the Lenders required above, affect the
      rights or duties of the Administrative Agent under this Agreement or any other
      Loan Document; (iv) the Fee Letter may be amended, or rights or privileges
      thereunder waived, in a writing executed only by the parties
      thereto.  Notwithstanding anything to the contrary herein, no
      Defaulting Lender shall have any right to approve or disapprove any amendment,
      waiver or consent hereunder, except that the Commitment of such Lender may
      not
      be increased or extended without the consent of such Lender.

     

    11.02  Notices;
      Effectiveness; Electronic Communications.

     

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

     

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

     

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

     

    
      
        
        

      

      
        107

        
          

        

      

      
        
        

      

    

     

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

     

    (b)  Electronic
      Communications.  Notices and other communications to the Lenders
      and the L/C Issuer hereunder may be delivered or furnished by electronic
      communication (including e-mail and Internet or intranet websites) pursuant
      to
      procedures approved by the Administrative Agent; provided that the
      foregoing shall not apply to notices to any Lender or the L/C Issuer pursuant
      to
Article II if such Lender or the L/C Issuer, as applicable, has notified
      the Administrative Agent that it is incapable of receiving notices under such
      Article by electronic communication.  The Administrative Agent or the
      Borrower may, in its discretion, agree to accept notices and other
      communications to it hereunder by electronic communications pursuant to
      procedures approved by it; provided that approval of such procedures may
      be limited to particular notices or communications.

     

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

     

    (c)  The
      Platform.  THE PLATFORM IS PROVIDED “AS IS” AND “AS
      AVAILABLE.”  THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE
      ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE
      PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM
      THE
      BORROWER MATERIALS.  NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR
      STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
      PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR
      OTHER
      CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER
      MATERIALS OR THE PLATFORM.  In no event shall the Administrative Agent
      or any of its Related Parties (collectively, the “Agent Parties”) have
      any liability to the Borrower, any Lender, the L/C Issuer or any other Person
      for losses, claims, damages, liabilities or expenses of any kind (whether in
      tort, contract or otherwise) arising out of the Borrower’s or the Administrative
      Agent’s transmission of Borrower Materials through the Internet, except to the
      extent that such losses, claims, damages, liabilities or expenses are determined
      by a court of competent jurisdiction by a final and nonappealable judgment
      to
      have resulted from the gross negligence or willful misconduct of such Agent
      Party; provided that in no event shall any Agent Party have any liability
      to the Borrower, any Lender, the L/C Issuer or any other Person for indirect,
      special, incidental, consequential or punitive damages (as opposed to direct
      or
      actual damages).

     

    
      
        
        

      

      
        108

        
          

        

      

      
        
        

      

    

     

    (d)  Change
      of Address, Etc.  Each of the Borrower, the Administrative Agent,
      the L/C Issuer and the Swing Line Lender may change its address, telecopier
      or
      telephone number for notices and other communications hereunder by notice to
      the
      other parties hereto.  Each other Lender may change its address,
      telecopier or telephone number for notices and other communications hereunder
      by
      notice to the Borrower, the Administrative Agent, the L/C Issuer and the Swing
      Line Lender.  In addition, each Lender agrees to notify the
      Administrative Agent from time to time to ensure that the Administrative Agent
      has on record (i) an effective address, contact name, telephone number,
      telecopier number and electronic mail address to which notices and other
      communications may be sent and (ii) accurate wire instructions for such
      Lender.  Furthermore, each Public Lender agrees to cause at least one
      individual at or on behalf of such Public Lender to at all times have selected
      the “Private Side Information” or similar designation on the content declaration
      screen of the Platform in order to enable such Public Lender or its delegate,
      in
      accordance with such Public Lender’s compliance procedures and applicable Law,
      including United States Federal and state securities Laws, to make reference
      to
      Borrower Materials that are not made available through the “Public Side
      Information” portion of the Platform and that may contain material non-public
      information with respect to the Borrower or its securities for purposes of
      United States Federal or state securities laws.

     

    (e)  Reliance
      by Administrative Agent, L/C Issuer and Lenders. The
      Administrative Agent, the L/C Issuer and the Lenders shall be entitled to rely
      and act upon any notices (including telephonic Committed Loan Notices and Swing
      Line Loan Notices) 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 the Administrative Agent, the
      L/C Issuer, each Lender and the Related Parties of each of them 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 telephonic communications with the
      Administrative Agent may be recorded by the Administrative Agent, and each
      of
      the parties hereto hereby consents to such recording.

     

    11.03  No
      Waiver; Cumulative Remedies.

     

    No
      failure by any Lender, the L/C Issuer or the Administrative Agent to exercise,
      and no delay by any such Person in exercising, any right, remedy, power or
      privilege hereunder or under 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.

     

    
      
        
        

      

      
        109

        
          

        

      

      
        
        

      

    

     

    11.04  Expenses;
      Indemnity; Damage Waiver.

     

    (a)    Costs
      and
      Expenses.  The Borrower shall pay (i) all reasonable
      out-of-pocket expenses incurred by the Administrative Agent and its Affiliates
      (including the reasonable fees, charges and disbursements of counsel for the
      Administrative Agent), in connection with the syndication of the credit
      facilities provided for herein, the preparation, negotiation, execution,
      delivery and administration of this Agreement and the other Loan Documents
      or
      any amendments, modifications or waivers of the provisions hereof or thereof
      (whether or not the transactions contemplated hereby or thereby shall be
      consummated), (ii) all reasonable out-of-pocket expenses incurred by the
      L/C Issuer in connection with the issuance, amendment, renewal or extension
      of
      any Letter of Credit or any demand for payment thereunder and (iii) all
      reasonable out-of-pocket expenses incurred by the Administrative Agent, any
      Lender or the L/C Issuer (including the fees, charges and disbursements of
      any
      counsel for the Administrative Agent, any Lender or the L/C
      Issuer).

     

    (b)    Indemnification
      by the Borrower.  The Borrower shall indemnify the Administrative
      Agent (and any sub-agent thereof), each Lender and the L/C Issuer, and each
      Related Party of any of the foregoing Persons (each such Person being called
      an
“Indemnitee”) against, and hold each Indemnitee harmless from, any and
      all losses, claims, damages, liabilities and related expenses (including the
      fees, charges and disbursements of any counsel for any Indemnitee), and shall
      indemnify and hold harmless each Indemnitee from all fees and time charges
      and
      disbursements for attorneys who may be employees of any Indemnitee, incurred
      by
      any Indemnitee or asserted against any Indemnitee by any third party or by
      the
      Borrower or any other Loan Party arising out of, in connection with, or as
      a
      result of (i) the execution or delivery of this Agreement, any other Loan
      Document or any agreement or instrument contemplated hereby or thereby, the
      performance by the parties hereto of their respective obligations hereunder
      or
      thereunder or the consummation of the transactions contemplated hereby or
      thereby, or, in the case of the Administrative Agent (and any sub-agent thereof)
      and its Related Parties only, the administration of this Agreement and the
      other
      Loan Documents, (ii) any 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 if the documents presented in
      connection with such demand do not strictly comply with the terms of such Letter
      of Credit), (iii) any actual or alleged presence or release of Hazardous
      Materials on or from any property owned or operated by the Borrower or any
      of
      its Subsidiaries, or any Environmental Liability related in any way to the
      Borrower or any of its Subsidiaries, or (iv) any actual or prospective
      claim, litigation, investigation or proceeding relating to any of the foregoing,
      whether based on contract, tort or any other theory, whether brought by a third
      party or by the Borrower or any other Loan Party or any of the Borrower’s or
      such Loan Party’s directors, shareholders or creditors, and regardless of
      whether any Indemnitee is a party thereto; provided that such indemnity
      shall not, as to any Indemnitee, be available to the extent that such losses,
      claims, damages, liabilities or related expenses (x) 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
      or
      (y) result from a claim brought by the Borrower or any other Loan Party
      against an Indemnitee for breach in bad faith of such Indemnitee’s obligations
      hereunder or under any other Loan Document, if the Borrower or such Loan Party
      has obtained a final and nonappealable judgment in its favor on such claim
      as
      determined by a court of competent jurisdiction.

     

    
      
        
        

      

      
        110

        
          

        

      

      
        
        

      

    

     

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

     

    (d)  Waiver
      of Consequential Damages, Etc.  To the fullest extent permitted by
      applicable law, each party hereto agrees not to assert, and hereby waives,
      any
      claim against any other party hereto or such party’s Related Parties, on any
      theory of liability, for special, indirect, consequential or punitive damages
      (as opposed to direct or actual damages) arising out of, in connection with,
      or
      as a result of, this Agreement, any other Loan Document or any agreement or
      instrument contemplated hereby, the transactions contemplated hereby or thereby,
      any Loan or Letter of Credit or the use of the proceeds thereof.  No
      Indemnitee referred to in subsection (b) above nor any Loan Party or Related
      Party thereof shall be liable for any damages arising from the use by unintended
      recipients of any information or other materials distributed to such unintended
      recipients by such Indemnitee, such Loan Party, or such Related Party, as the
      case may be, through telecommunications, electronic or other information
      transmission systems in connection with this Agreement or the other Loan
      Documents or the transactions contemplated hereby or thereby other than for
      direct or actual damages resulting from the gross negligence or willful
      misconduct of such Indemnitee, such Loan Party or such Related Party, as the
      case may be, as determined by a final and nonappealable judgment of a court
      of
      competent jurisdiction.

     

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

     

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

     

    11.05  Payments
      Set Aside.

     

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

     

    
      
        
        

      

      
        111

        
          

        

      

      
        
        

      

    

     

    11.06  Successors
      and Assigns.

     

    (a)  Successors
      and Assigns Generally.  The provisions of this Agreement shall be
      binding upon and inure to the benefit of the parties hereto and their respective
      successors and assigns permitted hereby, except that neither the Borrower nor
      any other Loan Party may assign or otherwise transfer any of its rights or
      obligations hereunder without the prior written consent of the Administrative
      Agent and each Lender and no Lender may assign or otherwise transfer any of
      its
      rights or obligations hereunder except (i) to an assignee in accordance with
      the
      provisions of Section 11.06(b), (ii) by way of participation in
      accordance with the provisions of Section 11.06(d), or (iii) by way of
      pledge or assignment of a security interest subject to the restrictions of
      Section 11.06(f) (and any other attempted assignment or transfer by any
      party hereto shall be null and void).  Nothing in this Agreement,
      expressed or implied, shall be construed to confer upon any Person (other than
      the parties hereto, their respective successors and assigns permitted hereby,
      Participants to the extent provided in subsection (d) of this Section and,
      to
      the extent expressly contemplated hereby, the Related Parties of each of the
      Administrative Agent, the L/C Issuer and the Lenders) any legal or equitable
      right, remedy or claim under or by reason of this Agreement.

     

    (b)  Assignments
      by Lenders.  Any Lender may at any time assign to one or more
      assignees all or a portion of its rights and obligations under this Agreement
      (including all or a portion of its Commitment(s) and the Loans (including for
      purposes of this Section 11.06(b), participations in L/C Obligations and
      in Swing Line Loans) at the time owing to it); provided that any such
      assignment shall be subject to the following conditions:

     

    (i)  Minimum
      Amounts.

     

    (A)  in
      the
      case of an assignment of the entire remaining amount of the assigning Lender’s
      Commitment under any Facility and the Loans at the time owing to it under such
      Facility or in the case of an assignment to a Lender, an Affiliate of a Lender
      or an Approved Fund, no minimum amount need be assigned; and

     

    (B)  in
      any
      case not described in subsection (b)(i)(A) of this Section, the aggregate amount
      of the Commitment (which for this purpose includes Loans outstanding thereunder)
      or, if the Commitment is not then in effect, the principal outstanding balance
      of the Loans of the assigning Lender subject to each such assignment, determined
      as of the date the Assignment and Assumption with respect to such assignment
      is
      delivered to the Administrative Agent or, if “Trade Date” is specified in the
      Assignment and Assumption, as of the Trade Date, shall not be less than
      $5,000,000, in the case of any assignment in respect of the Revolving Credit
      Facility, or $1,000,000, in the case of any assignment in respect of either
      Term
      Loan Facility, unless each of the Administrative Agent and, so long as no Event
      of Default has occurred and is continuing, the Borrower otherwise consents
      (each
      such consent not to be unreasonably withheld or delayed); provided that
      concurrent assignments to members of an Assignee Group and concurrent
      assignments from members of an Assignee Group to a single Eligible Assignee
      (or
      to an Eligible Assignee and members of its Assignee Group) will be treated
      as a
      single assignment for purposes of determining whether such minimum amount has
      been met.

     

    
      
        
        

      

      
        112

        
          

        

      

      
        
        

      

    

     

    (ii)  Proportionate
      Amounts.  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 (A) apply to the Swing Line Lender’s
      rights and obligations in respect of Swing Line Loans or (B) prohibit any Lender
      from assigning all or a portion of its rights and obligations among separate
      Facilities on a non-pro rata basis.

     

    (iii)  Required
      Consents.  No consent shall be required for any assignment except
      to the extent required by subsection (b)(i)(B) of this Section and, in
      addition:

     

    (A)  the
      consent of the Borrower (such consent not to be unreasonably withheld or
      delayed) shall be required unless (1) an Event of Default has occurred and
      is
      continuing at the time of such assignment or (2) such assignment is to a Lender,
      an Affiliate of a Lender or an Approved Fund;

     

    (B)  the
      consent of the Administrative Agent (such consent not to be unreasonably
      withheld or delayed) shall be required for assignments in respect of (1) any
      Term Loan Commitment or Revolving Credit Commitment if such assignment is to
      a
      Person that is not a Lender with a Commitment in respect of the applicable
      Facility, an Affiliate of such Lender or an Approved Fund with respect to such
      Lender or (2) any Term Loan to a Person that is not a Lender, an Affiliate
      of a
      Lender or an Approved Fund;

     

    (C)  the
      consent of the L/C Issuer (such consent not to be unreasonably withheld or
      delayed) shall be required for any assignment that increases the obligation
      of
      the assignee to participate in exposure under one or more Letters of Credit
      (whether or not then outstanding); and

     

    (D)  the
      consent of the Swing Line Lender (such consent not to be unreasonably withheld
      or delayed) shall be required for any assignment in respect of the Revolving
      Credit Facility.

     

    (iv)  Assignment
      and Assumption.  The parties to each assignment shall execute and
      deliver to the Administrative Agent an Assignment and Assumption, together
      with
      a processing and recordation fee in the amount of $3,500; provided that
      the Administrative Agent may, in its sole discretion, elect to waive such
      processing and recordation fee in the case of any assignment.  The
      assignee, if it is not a Lender, shall deliver to the Administrative Agent
      an
      Administrative Questionnaire.

     

    
      
        
        

      

      
        113

        
          

        

      

      
        
        

      

    

     

    (v)  No
      Assignment to Borrower.  No such assignment shall be made to the
      Borrower or any of the Borrower’s Affiliates or Subsidiaries.

     

    (vi)  No
      Assignment to Natural Persons.  No such assignment shall be made
      to a natural person.

     

    Subject
      to acceptance and recording thereof by the Administrative Agent pursuant to
      subsection (c) of this Section, from and after the effective date specified
      in each Assignment and Assumption, the 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
      and 11.04 with respect to facts and circumstances occurring prior to the
      effective date of such assignment.  Upon request, the Borrower (at its
      expense) shall execute and deliver a Note to the assignee Lender.  Any
      assignment or transfer by a Lender of rights or obligations under this Agreement
      that does not comply with this subsection shall be treated for purposes of
      this
      Agreement as a sale by such Lender of a participation in such rights and
      obligations in accordance with Section 11.06(d).

     

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

     

    (d)  Participations.  Any
      Lender may at any time, without the consent of, or notice to, the Borrower
      or
      the Administrative Agent, sell participations to any Person (other than a
      natural person or the Borrower or any of the Borrower’s Affiliates or
      Subsidiaries) (each, a “Participant”) in all or a portion of such
      Lender’s rights and/or obligations under this Agreement (including all or a
      portion of its Commitment and/or the Loans (including such Lender’s
      participations in L/C Obligations and/or Swing Line Loans) owing to it);
provided that (i) such Lender’s obligations under this Agreement
      shall remain unchanged, (ii) such Lender shall remain solely responsible to
      the other parties hereto for the performance of such obligations and
      (iii) the Borrower, the Administrative Agent, the Lenders and the L/C
      Issuer shall continue to deal solely and directly with such Lender in connection
      with such Lender’s rights and obligations under this Agreement.  Any
      agreement or instrument pursuant to which a Lender sells such a participation
      shall provide that such Lender shall retain the sole right to enforce this
      Agreement and to approve any amendment, modification or waiver of any provision
      of this Agreement; provided that such agreement or instrument may provide
      that such Lender will not, without the consent of the Participant, agree to
      any
      amendment, waiver or other modification described in the first proviso to
Section 11.01 that affects such Participant.  Subject to
subsection (e) of this Section, the Borrower agrees that each Participant
      shall be entitled to the benefits of Sections 3.01, 3.04 and
3.05 to the same extent as if it were a Lender
      and had
      acquired its interest by assignment pursuant to Section
      11.06(b).  To the extent permitted by law, each Participant also
      shall be entitled to the benefits of Section 11.08 as
      though it were a Lender; provided such Participant agrees to be subject
      to Section 2.13 as though it were a Lender.

     

    
      
        
        

      

      
        114

        
          

        

      

      
        
        

      

    

     

    (e)  Limitations
      upon Participant Rights.  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 3.01(e) as though it were a Lender.

     

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

     

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

     

    (h)  Resignation
      as L/C Issuer or Swing Line Lender after
      Assignment.  Notwithstanding anything to the contrary contained
      herein, if at any time Bank of America assigns all of its Revolving Credit
      Commitment and Revolving Credit Loans pursuant to Section 11.06(b), Bank
      of America may, (i) upon 30 days’ notice to the Borrower and the Lenders, resign
      as L/C Issuer and/or (ii) upon 30 days’ notice to the Borrower, resign as Swing
      Line Lender.  In the event of any such resignation as 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
      that no failure by the Borrower to appoint any such successor shall affect
      the
      resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case
      may be.  If Bank of America resigns as L/C Issuer, it shall retain all
      the rights, powers, privileges and duties of the L/C Issuer hereunder with
      respect to all Letters of Credit outstanding as of the effective date of its
      resignation as 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 Bank of America resigns as Swing Line Lender, it
      shall retain all the rights of the Swing Line Lender provided for hereunder
      with
      respect to Swing Line Loans made by it and outstanding as of the effective
      date
      of such resignation, including the right to require the Lenders to make Base
      Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant
      to Section 2.04(c).  Upon the appointment of a successor L/C
      Issuer and/or Swing Line Lender, (a) such successor shall succeed to and become
      vested with all of the rights, powers, privileges and duties of the retiring
      L/C
      Issuer or Swing Line Lender, as the case may be, and (b) the successor L/C
      Issuer shall issue letters of credit in substitution for the Letters of Credit,
      if any, outstanding at the time of such succession or make other arrangements
      satisfactory to Bank of America to effectively assume the obligations of Bank
      of
      America with respect to such Letters of Credit.

     

    
      
        
        

      

      
        115

        
          

        

      

      
        
        

      

    

     

    11.07  Treatment
      of Certain Information; Confidentiality.

     

    Each
      of
      the Administrative Agent, the Lenders and the L/C Issuer agrees to maintain
      the
      confidentiality of the Information (as defined below), except that Information
      may be disclosed (a) to its Affiliates and to its and its Affiliates’
respective partners, directors, officers, employees, agents, advisors and
      representatives (it being understood that the Persons to whom such disclosure
      is
      made will be informed of the confidential nature of such Information and
      instructed to keep such Information confidential), (b) to the extent
      requested by any regulatory authority purporting to have jurisdiction over
      it
      (including any self-regulatory authority, such as the National Association
      of
      Insurance Commissioners), (c) to the extent required by applicable laws or
      regulations or by any subpoena or similar legal process (provided that to
      the extent lawful and practicable, that the Agent, Lenders and L/C Issuer,
      as
      applicable, shall provide prior notice of such disclosures to Borrowers and
      cooperate with Borrowers to prevent or limit such disclosure), (d) to any other
      party hereto, (e) in connection with the exercise of any remedies hereunder
      or
      under any other Loan Document or any action or proceeding relating to this
      Agreement or any other Loan Document or the enforcement of rights hereunder
      or
      thereunder, (f) subject to an agreement containing provisions substantially
      the
      same as those of this Section, to (i) any assignee of or Participant in, or
      any
      prospective assignee of or Participant in, any of its rights or obligations
      under this Agreement or any Eligible Assignee invited to be a Lender pursuant
      to
      Section 2.15(c) or (ii) any actual or prospective counterparty (or its advisors)
      to any swap or derivative transaction relating to the Borrower and its
      obligations, (g) with the consent of the Borrower or (h) to the extent such
      Information (i) becomes publicly available other than as a result of a
      breach of this Section or (ii) becomes available to the Administrative
      Agent, any Lender, the L/C Issuer or any of their respective Affiliates on
      a
      nonconfidential basis from a source other than the Borrower.

     

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

     

    
      
        
        

      

      
        116

        
          

        

      

      
        
        

      

    

     

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

     

    11.08  Right
      of Setoff.

     

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

     

    11.09  Interest
      Rate Limitation.

     

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

     

    
      
        
        

      

      
        117

        
          

        

      

      
        
        

      

    

     

    11.10  Counterparts;
      Integration; Effectiveness.

     

    This
      Agreement may be executed in counterparts (and by different parties hereto
      in
      different counterparts), each of which shall constitute an original, but all
      of
      which when taken together shall constitute a single contract.  This
      Agreement and the other Loan Documents constitute the entire contract among
      the
      parties relating to the subject matter hereof and supersede any and all previous
      agreements and understandings, oral or written, relating to the subject matter
      hereof.  Except as provided in Section 4.01, this Agreement
      shall become effective when it shall have been executed by the Administrative
      Agent and when the Administrative Agent shall have received counterparts hereof
      that, when taken together, bear the signatures of each of the other parties
      hereto.  Delivery of an executed counterpart of a signature page of
      this Agreement by telecopy shall be effective as delivery of a manually executed
      counterpart of this Agreement.

     

    11.11  Survival
      of Representations and Warranties.

     

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

     

    11.12  Severability.

     

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

     

    11.13  Replacement
      of Lenders.

     

    If
      any
      Lender requests compensation under Section 3.04, or if the Borrower is
      required to pay any additional amount to any Lender or any Governmental
      Authority for the account of any Lender pursuant to Section 3.01, or if
      any Lender is a Defaulting Lender, then the Borrower may, at its sole expense
      and effort, upon notice to such Lender and the Administrative Agent, require
      such Lender to assign and delegate, without recourse (in accordance with and
      subject to the restrictions contained in, and consents required by, Section
      11.06), all of its interests, rights and obligations under this Agreement
      and the related Loan Documents to an assignee that shall assume such obligations
      (which assignee may be another Lender, if a Lender accepts such assignment);
      provided that:

     

    
      
        
        

      

      
        118

        
          

        

      

      
        
        

      

    

     

    (a)  the
      Borrower shall have paid to the Administrative Agent the assignment fee
      specified in Section 11.06(b);

     

    (b)  such
      Lender shall have received payment of an amount equal to the outstanding
      principal of its Loans and L/C Advances, accrued interest thereon, accrued
      fees
      and all other amounts payable to it hereunder and under the other Loan Documents
      (including any amounts under Section 3.05) from the assignee (to the
      extent of such outstanding principal and accrued interest and fees) or the
      Borrower (in the case of all other amounts);

     

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

     

    (d)  such
      assignment does not conflict with applicable Laws.

     

    A
      Lender
      shall not be required to make any such assignment or delegation if, prior
      thereto, as a result of a waiver by such Lender or otherwise, the circumstances
      entitling the Borrower to require such assignment and delegation cease to
      apply.

     

    11.14  Governing
      Law; Jurisdiction; Etc.

     

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

     

    (b)  SUBMISSION
      TO JURISDICTION.  THE BORROWER AND EACH OTHER LOAN PARTY
      IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE
      NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF GEORGIA SITTING IN
      FULTON COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE NORTHERN DISTRICT
      OF GEORGIA, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR
      PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
      DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE
      PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT
      OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH GEORGIA
      STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH
      FEDERAL COURT.  EACH OF THE PARTIES HERETO AGREES THAT A FINAL
      JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE
      ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER
      PROVIDED BY LAW.  NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN
      DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR
      THE
      L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO
      THIS
      AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ANY OTHER LOAN
      PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

     

    
      
        
        

      

      
        119

        
          

        

      

      
        
        

      

    

     

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

     

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

     

    11.15  Dispute
      Resolution Provision.

     

    This
      paragraph, including the
      subparagraphs below, is referred to as the “Dispute Resolution
      Provision.”  This Dispute Resolution Provision is a material
      inducement for the parties entering into this agreement.

     

    (a)  This
      Dispute Resolution Provision concerns the resolution of any controversies or
      claims between the parties, whether arising in contract, tort or by statute,
      including but not limited to controversies or claims that arise out of or relate
      to: (i) this agreement (including any renewals, extensions or modifications);
      or
      (ii) any document related to this agreement (collectively a
“Claim”).  For the purposes of this Dispute Resolution
      Provision only, the term “parties” shall include any parent corporation,
      subsidiary or affiliate of the Bank involved in the servicing, management or
      administration of any obligation described or evidenced by this
      agreement.

     

    (b)  At
      the
      request of any party to this agreement, any Claim shall be resolved by binding
      arbitration in accordance with the Federal Arbitration Act (Title 9, U.S. Code)
      (the “Act”).  The Act will apply even though this agreement
      provides that it is governed by the law of a specified state.

     

    (c)  Arbitration
      proceedings will be determined in accordance with the Act, the then-current
      rules and procedures for the arbitration of financial services disputes of
      the
      American Arbitration Association or any successor thereof (“AAA”), and
      the terms of this Dispute Resolution Provision.  In the event of any
      inconsistency, the terms of this Dispute Resolution Provision shall
      control.  If AAA is unwilling or unable to (i) serve as the provider
      of arbitration or (ii) enforce any provision of this arbitration clause, the
      Bank may designate another arbitration organization with similar procedures
      to
      serve as the provider of arbitration.

     

    
      
        
        

      

      
        120

        
          

        

      

      
        
        

      

    

     

    (d)  The
      arbitration shall be administered by AAA and conducted, unless otherwise
      required by law, in any U.S. state where real or tangible personal property
      collateral for this credit is located or if there is no such collateral, in
      the
      state specified in the governing law section of this agreement.  All
      Claims shall be determined by one arbitrator; however, if Claims exceed Five
      Million Dollars ($5,000,000), upon the request of any party, the Claims shall
      be
      decided by three arbitrators.  All arbitration hearings shall commence
      within ninety (90) days of the demand for arbitration and close within ninety
      (90) days of commencement and the award of the arbitrator(s) shall be issued
      within thirty (30) days of the close of the hearing.  However, the
      arbitrator(s), upon a showing of good cause, may extend the commencement of
      the
      hearing for up to an additional sixty (60) days.  The arbitrator(s)
      shall provide a concise written statement of reasons for the
      award.  The arbitration award may be submitted to any court having
      jurisdiction to be confirmed and have judgment entered and
      enforced.

     

    (e)  The
      arbitrator(s) will give effect to statutes of limitation in determining any
      Claim and may dismiss the arbitration on the basis that the Claim is barred.
      For
      purposes of the application of any statutes of limitation, the service on AAA
      under applicable AAA rules of a notice of Claim is the equivalent of the filing
      of a lawsuit.  Any dispute concerning this arbitration provision or
      whether a Claim is arbitrable shall be determined by the arbitrator(s), except
      as set forth at subparagraph (h) of this Dispute Resolution
      Provision.  The arbitrator(s) shall have the power to award legal fees
      pursuant to the terms of this agreement.

     

    (f)  This
      paragraph does not limit the right of any party to: (i) exercise self-help
      remedies, such as but not limited to, setoff; (ii) initiate judicial or
      non-judicial foreclosure against any real or personal property collateral;
      (iii)
      exercise any judicial or power of sale rights, or (iv) act in a court of law
      to
      obtain an interim remedy, such as but not limited to, injunctive relief, writ
      of
      possession or appointment of a receiver, or additional or supplementary
      remedies.

     

    (g)  The
      filing of a court action is not intended to constitute a waiver of the right
      of
      any party, including the suing party, thereafter to require submittal of the
      Claim to arbitration.

     

    (h)  Any
      arbitration or trial by a judge of any Claim will take place on an individual
      basis without resort to any form of class or representative action (the “Class
      Action Waiver”).  Regardless of anything else in this Dispute
      Resolution Provision, the validity and effect of the Class Action Waiver may
      be
      determined only by a court and not by an arbitrator.  The parties to
      this Agreement acknowledge that the Class Action Waiver is material and
      essential to the arbitration of any disputes between the parties and is
      nonseverable from the agreement to arbitrate Claims. If the Class Action Waiver
      is limited, voided or found unenforceable, then the parties’ agreement to
      arbitrate shall be null and void with respect to such proceeding, subject to
      the
      right to appeal the limitation or invalidation of the Class Action
      Waiver.  The Parties acknowledge and agree that under no
      circumstances will a class action be arbitrated.

     

    (i)  By
      agreeing to binding arbitration, the parties irrevocably and voluntarily waive
      any right they may have to a trial by jury as permitted by law in respect of
      any
      Claim.  Furthermore, without intending in any way to limit this
      Dispute Resolution Provision, to the extent any Claim is not arbitrated, the
      parties irrevocably and voluntarily waive any right they may have to a trial
      by
      jury to the extent permitted by law in respect of such Claim.  This
      waiver of jury trial shall remain in effect even if the Class Action Waiver
      is
      limited, voided or found unenforceable.  WHETHER THE CLAIM IS
      DECIDED BY ARBITRATION OR BY TRIAL BY A JUDGE, THE PARTIES AGREE AND UNDERSTAND
      THAT THE EFFECT OF THIS AGREEMENT IS THAT THEY ARE GIVING UP THE RIGHT TO TRIAL
      BY JURY TO THE EXTENT PERMITTED BY LAW.

     

    
      
        
        

      

      
        121

        
          

        

      

      
        
        

      

    

     

    11.16  No
      Advisory or Fiduciary Responsibility.

     

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

     

    11.17  USA
      Patriot Act Notice.

     

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

     

    
      
        
        

      

      
        122

        
          

        

      

      
        
        

      

    

     

    11.18  Time
      of the Essence.

     

    Time
      is
      of the essence of the Loan Documents.

     

    11.19  ENTIRE
      AGREEMENT.

     

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

     

    [remainder
      of page intentionally left blank]

     

    
      
        
        

      

      
        123

        
          

        

      

      
        
        

      

       

    

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

     

     

    
      	 	 	
              INTERNAP
                NETWORK SERVICES CORPORATION 

            
	 	 	 	 
	 	 	 	 
	 	 	By:  /s/
              David A. Buckel	 
	 	 	Name:  David
              A. Buckel	 
	 	 	Title:
              Vice President and Chief Financial Officer	 
	 	 	 	 
	 	 	 	 
	 	 	VITALSTREAM
              HOLDINGS, INC.	 
	 	 	 	 
	 	 	 	 
	 	 	
              By:  /s/
                David A. Buckel

            	 
	 	 	Name:  David
              A. Buckel	 
	 	 	Title:
              Treasurer	 
	 	 	 	 
	 	 	 	 
	 	 	VITALSTREAM,
              INC.	 
	 	 	 	 
	 	 	 	 
	 	 	By:  /s/
              David A. Buckel	 
	 	 	Name:  David
              A. Buckel	 
	 	 	Title:
              Treasurer	 
	 	 	 	 
	 	 	 	 
	 	 	PLAYSTREAM,
              INC.	 
	 	 	 	 
	 	 	 	 
	 	 	By:  /s/
              David A. Buckel	 
	 	 	Name:  David
              A. Buckel	 
	 	 	Title:
              Treasurer	 
	 	 	 	 
	 	 	 	 
	 	 	VITALSTREAM
              ADVERTISING SERVICES, INC. 
	 	 	 	 
	 	 	 	 
	 	 	By:
              /s/ David A. Buckel	 
	 	 	Name:  David
              A. Buckel	 
	 	 	Title:
              Treasurer	 

    

     

    
      
        
        

      

      
        S
          -
          1

        
          

        

      

      
        
        

      

    

     

    
      	 	 	BANK
              OF AMERICA, N.A., as	 
	 	 	Administrative
              Agent	 
	 	 	 	 
	 	 	 	 
	 	 	By:  /s/
              Ken Bauchle	 
	 	 	Name:  Ken
              Bauchle	 
	 	 	Title:  Senior
              Vice President	 

    

     

     

     

     

     

     

     

     

    
      
        
        

      

      
        S
          -
          2

        
          

        

      

      
        
        

      

    

     

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

            
	 	 	 	 
	 	 	 	 
	 	 	By:  /s/
              Ken Bauchle	 
	 	 	Name:  Ken
              Bauchle	 
	 	 	Title:  Senior
              Vice President	 

    

     

    
       

       

       

       

       

       

      S
        -
        3ex10-2.htm

    
      

    
Exhibit
    10.2

    
      

       

      

    

    PLEDGE
      AND SECURITY AGREEMENT

     

    Dated
      as
      of September 14, 2007

     

    among

     

    INTERNAP
      NETWORK SERVICES CORPORATION,

    

    and

     

    CERTAIN
      OF ITS SUBSIDIARIES

     

    party
      hereto from time to time,

     

    as
      Grantors,

     

    and

     

    BANK
      OF AMERICA, N.A.,

     

    as
      Administrative Agent.

    

    
      
        

      

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    TABLE
      OF CONTENTS

     

     

    
      	 	 	 	 	 
	Article	
              Section

            	
              Page

            	 	 
	 	 	 	 	 
	ARTICLE
              I 	
              DEFINITIONS

            	 	
              1

            
	 	
              SECTION
                1.01

            	
              Credit
                Agreement Definitions and Construction

            	
               

            	
              1

            
	 	
              SECTION
                1.02

            	
              UCC
                Definitions

            	 	
              2

            
	 	
              SECTION
                1.03

            	
              Other
                Defined Terms

            	 	
              2

            
	 	 	 	 
	ARTICLE
              II	
              PLEDGED
                COLLATERAL

            	 	
              9

            
	 	
              SECTION
                2.01

            	
              Pledged
                Collateral

            	 	
              9

            
	 	
              SECTION
                2.02

            	
              Delivery
                of the Pledged Collateral

            	 	
              10

            
	 	
              SECTION
                2.03

            	
              Agreements
                of Issuers

            	 	
              10

            
	 	
              SECTION
                2.04

            	
              Representations,
                Warranties and Covenants with respect to Pledged
                Collateral

            	 	
              11

            
	 	
              SECTION
                2.05

            	
              Voting
                Rights; Dividends and Interest, etc

            	 	
              13

            
	 	
              SECTION
                2.06

            	
              Registration
                in Nominee Name; Denominations

            	 	
              15

            
	 	
              SECTION
                2.07

            	
              Release;
                Termination

            	 	
              15

            
	 	 	
               

            	 	 
	ARTICLE
              III	
              SECURITY
                INTERESTS IN PERSONAL PROPERTY

            	
               

            	
              15

            
	 	
              SECTION
                3.01

            	
              The
                Security Interests

            	 	
              15

            
	 	
              SECTION
                3.02

            	
              Filing
                Authorization

            	 	
              17

            
	 	
              SECTION
                3.03

            	
              Continuing
                Security Interest; Transfer of Credit Extensions

            	
               

            	
              17

            
	 	
              SECTION
                3.04

            	
              Grantors
                Remain Liable

            	 	
              18

            
	 	
              SECTION
                3.05

            	
              Security
                Interest Absolute

            	 	
              18

            
	 	
              SECTION
                3.06

            	
              Waiver
                of Subrogation

            	 	
              19

            
	 	
              SECTION
                3.07

            	
              Release;
                Termination

            	 	
              19

            
	 	 	 	 
	ARTICLE
              IV	
              PERFECTION
                OF SECURITY INTERESTS;  REPRESENTATIONS AND
                WARRANTIES

            	 	
              20

            
	 	
              SECTION
                4.01

            	
              Perfection
                of Security Interest

            	 	
              20

            
	 	
              SECTION
                4.02

            	
              Representations
                and Warranties

            	 	
              24

            
	 	 	 	 
	ARTICLE
              V	
              COVENANTS

            	 	
              25

            
	 	
              SECTION
                5.01

            	
              Perfection
                of Security Interests

            	 	
              25

            
	 	
              SECTION
                5.02

            	
              Covenants
                Regarding Patent, Trademark and Copyright Collateral

            	 	
              27

            
	 	 	 	 
	ARTICLE
              VI	
              REMEDIES;
                RIGHTS UPON DEFAULT

            	 	
              29

            
	 	
              SECTION
                6.01

            	
              Remedies
                upon Default

            	 	
              29

            
	 	
              SECTION
                6.02

            	
              Application
                of Proceeds

            	 	
              31

            
	 	
              SECTION
                6.03

            	
              Grant
                of License to Use Intellectual Property

            	 	
              31

            
	 	
              SECTION
                6.04

            	
              Securities
                Act, etc

            	 	
              31

            
	 	
              SECTION
                6.05

            	
              Expenses;
                Indemnification

            	 	
              32

            
	 	 	 	 	 
	ARTICLE
              VII	
              MISCELLANEOUS

            	 	
              33

            
	 	
              SECTION
                7.01

            	
              Notices

            	 	
              33

            
	 	
              SECTION
                7.02

            	
              Amendments,
                etc.; Additional Grantors; Successors and Assigns

            	 	
              33

            
	 	
              SECTION
                7.03

            	
              Survival
                of Agreement

            	 	
              34

            
	 	
              SECTION
                7.04

            	
              Administrative
                Agent Appointed Attorney-in-Fact

            	 	
              34

            
	 	
              SECTION
                7.05

            	
              Counterparts

            	 	
              35

            
	 	
              SECTION
                7.06

            	
              Severability

            	 	
              35

            
	 	
              SECTION
                7.07

            	
              GOVERNING
                LAW; JURISDICTION; ETC

            	 	
              35

            
	 	
              SECTION
                7.08

            	
              WAIVER
                OF JURY TRIAL

            	 	
              36

            
	 	
              SECTION
                7.09

            	
              ENTIRE
                AGREEMENT

            	 	
              37

            
	 	
              SECTION
                7.10

            	
              Mortgages

            	 	
              37

            
	 	
              SECTION
                7.11

            	
              No
                Waiver; Remedies

            	 	
              37

            
	 	
              SECTION
                7.12

            	
              Headings

            	 	
              37

            

    

    
 

    
      
        
          
          

        

        
          i

          
            

          

        

        
          
          

        

      

    

     

    Schedules

     

    
      	
              Schedule
                1

            	
              Subsidiary
                Grantors

            

    

    
      	
              Schedule
                2

            	
              Commercial
                Tort Claims

            

    

    
      	
              Schedule
                3

            	
              Place
                of Incorporation, Organizational Numbers, Chief Executive Office
                and
                Principal Place of Business; Locations of
                Records

            

    

    
      	
              Schedule
                4

            	
              Pledged
                Collateral

            

    

    
      	
              Schedule
                5

            	
              Locations
                and Descriptions of Equipment and
                Inventory

            

    

    
      	
              Schedule
                6

            	
              Trade
                Names, Division Names, etc.

            

    

    
      	
              Schedule
                7

            	
              Required
                Filings and Recordings; Existing
                Liens

            

    

    
      	
              Schedule
                8

            	
              Patents
                and Patent Applications

            

    

    
      	
              Schedule
                9

            	
              Trademarks
                and Trademark Applications

            

    

    
      	
              Schedule
                10

            	
              Copyrights
                and Copyright Applications

            

    

    
      	
              Schedule
                11

            	
              Licenses
                and Material Contracts

            

    

    
      	
              Schedule
                12

            	
              Deposit
                Accounts and Security Accounts

            

    

    
      	
              Schedule
                13

            	
              Real
                Property and Leased Real Property and Motor
                Vehicles

            

    

    

    

    
      	
              
                Exhibits

              

            	
            

    

     

    
      	
              Exhibit
                A

            	
              Form
                of Security Agreement Supplement

            

    

    
      	
              Exhibit
                B

            	
              Form
                of Acknowledgment and Agreement

            

    

    
      	
              Exhibit
                C

            	
              Form
                of IP Security Agreement Supplement

            

    

    

    
      
        
        

      

      
        ii

        
          

        

      

      
        
        

      

    

    This
      PLEDGE AND SECURITY AGREEMENT, dated as of September 14, 2007
      (this “Agreement”), among INTERNAP NETWORK SERVICES
      CORPORATION, a Delaware corporation (the “Borrower”), each
      Subsidiary (such term and the other capitalized terms used herein shall have
      the
      meanings assigned thereto in Article I of this Agreement) of the Borrower
      identified on the signature pages hereof and each Subsidiary of the Borrower
      that hereafter becomes a party hereto from time to time pursuant to a Joinder
      Agreement (all such Subsidiaries, the “Subsidiary Grantors” and, together
      with the Borrower, hereinafter collectively referred to as the
“Grantors”, and each individually as a “Grantor”) and BANK
      OF AMERICA, N.A., as administrative agent (in such capacity, the
“Administrative Agent”) for the Secured Parties.

     

    RECITALS

     

    WHEREAS,
      pursuant to the Credit Agreement, dated as of the date hereof (as amended,
      amended and restated, supplemented or otherwise modified from time to time,
      the
“Credit Agreement”), among the Borrower, the Lenders from time to time
      party thereto, and Bank of America, N.A., as Administrative Agent, Swing Line
      Lender and L/C Issuer party thereto, and the other Loan Documents referred
      to
      therein, the Lenders, the L/C Issuer and the other Secured Parties have agreed
      to make and continue to make Credit Extensions to or for the benefit of the
      Borrower;

     

    WHEREAS,
      the obligations of the Lenders to make and continue to make such Credit
      Extensions under the Credit Agreement are conditioned upon, among other things,
      the execution and delivery of this Agreement by each Grantor; and

     

    WHEREAS,
      to obtain such benefits each Grantor is willing to grant a Lien on the
      Collateral of such Grantor in favor of the Administrative Agent for the benefit
      of the Secured Parties as collateral security for its Obligations as hereinafter
      provided;

     

    NOW
      THEREFORE, for good and valuable consideration, the receipt and sufficiency
      of
      which are hereby acknowledged, each Grantor hereby agrees, for the benefit
      of
      each Secured Party, as follows:

     

    ARTICLE
      I

     

    DEFINITIONS

     

    SECTION
      1.01  Credit
      Agreement Definitions and Construction.  Capitalized terms used in
      this Agreement and not otherwise defined herein have the meanings specified
      in
Section 1.01 of the Credit Agreement.  The rules of
      construction specified in Sections 1.02 through 1.03 of the Credit
      Agreement also apply to this Agreement.

     

    SECTION
      1.02  UCC
      Definitions.  All terms defined in the UCC and not defined in this
      Agreement have the meanings specified therein.

     

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

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Account”
      means a right to payment of a monetary obligation, whether or not earned by
      performance (and shall include invoices, contracts, rights, accounts receivable,
      notes, refunds, indemnities, interest, late charges, fees, undertakings, and
      all
      other obligations and amounts owing to any Grantor from any Person): (a) for
      property that has been or is to be sold, leased, licensed, assigned or otherwise
      disposed of; (b) for services rendered or to be rendered; (c) for a policy
      of
      insurance issued or to be issued; (d) for a secondary obligation incurred or
      to
      be incurred; (e) for energy provided or to be provided; or (f) arising out
      of
      the use of a credit or charge card or information contained on or for use with
      the card.

     

    “Account
      Control Agreement” means an account control agreement in form and substance
      reasonably satisfactory to the Administrative Agent, entered into among a
      Grantor, the Administrative Agent and the bank or Securities Intermediary where
      a Deposit Account or Securities Account, respectively, of such Grantor is
      maintained.

     

    “Account
      Debtor” means any Person who is or who may become obligated to any Grantor
      under, with respect to or on account of an Account.

     

    “Acknowledgment
      and Agreement” means an acknowledgment in the form of Exhibit B
      hereto, or otherwise in form and substance reasonably acceptable to the
      Administrative Agent, with respect to the collateral assignment by the
      applicable Grantor hereunder of its rights under any Material Contract, duly
      executed by the other party or parties to such Material Contract.

     

    “Administrative
      Agent” has the meaning specified in the preamble hereto.

     

    “Borrower”
      has the meaning specified in the preamble hereto.

     

    “Chattel
      Paper” means a record or records that evidence both a monetary obligation
      and a security interest in specific goods, a security interest in specific
      goods
      and software used in the goods, a security interest in specific goods and
      license of software used in the goods, a lease of specific goods, or a lease
      of
      specific goods and license of software used in the goods.

     

    “Collateral”
      has the meaning specified in Section 3.01.

     

    “Commercial
      Tort Claim” means a claim arising in tort with respect to which the claimant
      is a Grantor.

     

    “Copyright
      License” means any written agreement, now or hereinafter in effect, granting
      any right to any third party under any Copyright now or hereafter owned by
      any
      Grantor or that any Grantor otherwise has the right to license, or granting
      any
      right to any Grantor under any Copyright now or hereafter owned by any third
      party, and all rights of any Grantor under any such agreement.

     

    “Copyrights”
      means all of the following now owned or hereafter acquired by any Grantor,
      (a)
      all copyright rights in any work subject to the copyright laws of the United
      States or any other country, whether as author, assignee, transferee or
      otherwise, and (b) all registrations and applications for registration of any
      such copyright in the United States or any other country, including
      registrations, recordings, supplemental registrations and pending applications
      for registration in the United States Copyright Office, including those listed
      on Schedule 10 hereto for such Grantor, as such schedule may be
      supplemented from time to time.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    “Credit
      Agreement” has the meaning specified in the recitals hereto.

     

    “Deposit
      Account” means a demand, time, savings, passbook, or similar account
      (including all bank accounts, collection accounts and concentration accounts,
      together with all funds held therein and all certificates and instruments,
      if
      any, from time to time representing or evidencing such accounts) maintained
      by
      or in the name of any Grantor with a bank, including, without limitation, all
      such accounts listed on Schedule 12 hereto, as such schedule may be
      supplemented from time to time.

     

    “Documents”
      means a document of title or a receipt of the type described in Section 7-201(2)
      of the UCC.

     

    “Electronic
      Chattel Paper” means Chattel Paper evidenced by a record or records
      consisting of information stored in an electronic medium.

     

    “Entitlement
      Holder” means a Person identified in the records of a Securities
      Intermediary as the Person having a Security Entitlement against the Securities
      Intermediary.  If a Person acquires a Security Entitlement by virtue
      of Section 8-501(b)(2) or (3) of the UCC, such Person is the Entitlement
      Holder.

     

    “Equipment”
      means all machinery, equipment in all its forms, wherever located, including,
      without limitation, all repair equipment, office equipment, Motor Vehicles,
      furniture and furnishings, all other property similar to the foregoing
      (including tools, parts and supplies of every kind and description), components,
      parts and accessories installed thereon or affixed thereto and all parts
      thereof, and all Fixtures and all accessories, additions, attachments,
      improvements, substitutions and replacements thereto and therefor.

     

    “Federal
      Securities Laws” has the meaning specified in Section
      6.04.

     

    “Financial
      Asset” means, except as otherwise provided in Section 8-103 of the
      UCC:

     

    (a)                a
      Security;

     

    (b)                an
      obligation of a Person or a share, participation or other interest in a Person
      or in property or an enterprise of a Person, which is, or is of a type, dealt
      with in or traded on financial markets, or which is recognized in any area
      in
      which it is issued or dealt in as a medium for investment; or

     

    (c)                any
      property that is held by a Securities Intermediary for another Person in a
      Securities Account if the Securities Intermediary has expressly agreed with
      the
      other Person that the property is to be treated as a Financial Asset under
      Article 8 of the UCC.  As the context requires, the term Financial
      Asset means either the interest itself or the means by which a Person’s claim to
      it is evidenced, including a certificated or uncertificated Security, a
      certificate representing a Security or a Security Entitlement.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    “Fixtures”
      means all items of Goods, whether now owned or hereafter acquired, of any
      Grantor that become so related to particular real property that an interest
      in
      them arises under any real property law applicable thereto.

     

    “General
      Intangibles” means all “General Intangibles” as defined in the UCC,
      including things in action and all other intangible personal property of any
      Grantor of every kind and nature (other than Accounts, Chattel Paper, Commercial
      Tort Claims, Deposit Accounts, Documents, Goods, Instruments, Investment
      Property, Letter-of-Credit Rights, Letters of Credit, and money) now owned
      or
      hereafter acquired by such Grantor, including corporate, limited liability
      company, limited partnership or other business records, indemnification claims,
      contract rights (including rights under leases, whether entered into as lessor
      or lessee, Swap Contracts and other agreements), Intellectual Property, Payment
      Intangibles and tax refund claims.

     

    “Goods”
      means all things that are movable when a security interest attaches (including
      (a) Fixtures and (b) computer programs embedded in goods and any supporting
      information provided in connection with a transaction relating to the program
      if
      (i) the program is associated with the goods in such a manner that is
      customarily considered part of the goods, or (ii) by becoming the owner of
      the
      goods, a Person acquires a right to use the program in connection with the
      goods).

     

    “Governmental
      License” means, with respect to each Grantor, each license from a
      Governmental Authority which is necessary to the normal conduct of the business
      of such Grantor as conducted on the date hereof, except to the extent the
      failure to maintain such license would not reasonably be expected to have a
      Material Adverse Effect.

     

    “Grantors”
      has the meaning specified in the preamble hereto.

     

    “Indemnitee”
      has the meaning specified in Section 6.05(b).

     

    “Instrument”
      means a negotiable instrument or any other writing that evidences a right to
      the
      payment of a monetary obligation, is not itself a security agreement or lease,
      and is of a type that in ordinary course of business is transferred by delivery
      with any necessary endorsement or assignment.

     

    “Intellectual
      Property” means all intellectual and similar property of every kind and
      nature now owned or hereafter acquired by any Grantor, including inventions,
      designs, Patents, Copyrights, Licenses, Trademarks, trade secrets, domain names,
      confidential or proprietary technical and business information, know-how,
      show-how or other data or information, Software and databases and all
      embodiments or fixations thereof and related documentation, goodwill,
      registrations and franchises, and all additions, improvements and accessions
      to,
      and books and records describing or used in connection with, any of the
      foregoing.

     

    “Intellectual
      Property Security Agreement” means an agreement with respect to the security
      interest granted by any Grantor pursuant to this Agreement in the Copyrights,
      Patents or Trademarks of such Grantor which are registered under the federal
      Laws of the United States of America or the Laws of any foreign country, which
      agreement shall be in substantially the form of Exhibit G to the Credit
      Agreement and otherwise in form for filing in the United States Patent and
      Trademark Office, the United States Copyright Office or in the corresponding
      filing office under the Laws of such foreign jurisdiction, as applicable, from
      such Grantor, as such agreement may be amended, restated, amended and restated,
      supplemented or otherwise modified from time to time.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

     “Inventory”
      means Goods, other than farm products, which: (a) are leased by a Person as
      lessor; (b) are held by a Person for sale or lease or to be furnished under
      a
      contract of service; (c) are furnished by a Person under a contract of service;
      or (d) consist of raw materials, work in process, or materials used or consumed
      in a business, and includes, without limitation, (i) finished goods, returned
      goods and materials and supplies of any kind, nature or description which are
      or
      might be used in connection with the manufacture, packing, shipping,
      advertising, selling or finishing of any of the foregoing, (ii) all goods in
      which a Grantor has an interest in mass or a joint or other interest or right
      of
      any kind (including goods in which a Grantor has an interest or right as
      consignee), (iii) all goods which are returned to or repossessed by any Grantor,
      and (iv) all accessions thereto, products thereof and documents
      therefor.

     

    “Investment
      Property” means all Securities (whether certificated or uncertificated),
      Security Entitlements, Securities Accounts, Financial Assets, commodity
      contracts and commodity accounts of each Grantor; provided,
however, that Investment Property shall not include any Securities
      constituting Pledged Collateral and identified on Schedule 4 hereto, as
      such Schedule may be supplemented from time to time.

     

    “IP
      Security Agreement Supplement” means a supplement, in the form of Exhibit
      E hereto, to the Intellectual Property Security Agreement executed and
      delivered by each applicable Grantor from time to time upon either (i) the
      acquisition of any Copyrights, Patents or Trademarks by such Grantor or (ii)
      the
      execution of a Joinder Agreement by such Grantor.

     

     “Letter-of-Credit
      Right” means a right to payment or performance under a letter of credit,
      whether or not the beneficiary has demanded or is at the time entitled to demand
      payment or performance, but excludes the right of a beneficiary to demand
      payment or performance under a letter of credit.

     

    “License”
      means any Patent License, Trademark License, Copyright License or other
      intellectual property license or sublicense as to which any Grantor is now
      or
      hereafter a party.

     

    “Motor
      Vehicles” means all titled vehicles of any kind (including any trailers and
      aircraft).

     

    “Patent
      License” means any written agreement, now or hereafter in effect, granting
      to any third party any right to make, use or sell any invention on which a
      Patent, now or hereafter owned by any Grantor or that any Grantor otherwise
      has
      the right to license, is in existence, or granting to any Grantor any right
      to
      make, use or sell any invention on which a Patent, now or hereafter owned by
      any
      third party, is in existence, and all rights of any Grantor under any such
      agreement.

     

    “Patents”
      means all right, title and interest of any Person in and to all of the
      following, whether now owned or hereafter acquired:

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (a)         all
      letters patent of the United States or the equivalent thereof in any other
      country, all registrations and recordings thereof, and all applications for
      letters patent of the United States or the equivalent thereof in any other
      country, including registrations, recordings and pending applications in the
      United States Patent and Trademark Office or any similar offices in any other
      country, including all such patents, registrations, recordings and applications
      of the Grantors described on Schedule 8 hereto, as such schedule may be
      supplemented from time to time; and

     

    (b)         all
      reissues, continuations, divisions, continuations-in-part, renewals or
      extensions thereof and the inventions disclosed or claimed therein, including
      the right to make, use, sell and/or offer to sell the inventions disclosed
      or
      claimed therein.

     

    “Payment
      Intangible” means a general intangible under which the account debtor’s
      principal obligation is a monetary obligation.

     

    “Permitted
      Liens” means Liens permitted under Section 7.01 of the Credit
      Agreement.

     

    “Pledged
      Collateral” has the meaning specified in Section 2.01.

     

    “Pledged
      Debt” has the meaning specified in Section 2.01.

     

    “Pledged
      Equity” has the meaning specified in Section 2.01.

     

    “Pledged
      Securities” means any promissory notes, stock certificates or instruments,
      certificates and other documents representing or evidencing any of the Pledged
      Debt or Pledged Equity, as the case may be.

     

    “Proceeds”
      means the following property:

     

    (a)                whatever
      is acquired upon the sale, lease, license, exchange, or other disposition of
      the
      Collateral;

     

    (b)                whatever
      is collected on, or distributed on account of, the Collateral;

     

    (c)                rights
      arising out of the Collateral; and

     

    (d)                to
      the extent of the value of the Collateral and to the extent payable to the
      debtor or the secured party, insurance payable by reason of the loss or
      nonconformity of, defects or infringement of rights in, or damage to, the
      Collateral.

     

    “Schedules”
      means the schedules to this Agreement, as supplemented from time to time by
      a
      Security Agreement Supplement.

     

    “Securities”
      means, except as otherwise provided in Section 8-103 of the UCC, any obligations
      of an issuer or any shares, participations or other interests in an issuer
      or in
      property or an enterprise of an issuer which

     

    (a)                are
      represented by a certificate representing a security in bearer or registered
      form, or the transfer of which may be registered upon books maintained for
      that
      purpose by or on behalf of the issuer;

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    (b)                are
      one of a class or series or by its terms is divisible into a class or series
      of
      shares, participations, interests or obligations; and

     

    (c)                (i)
      are, or are of a type, dealt with or traded on securities exchanges or
      securities markets or (ii) are a medium for investment and by their terms
      expressly provide that they are a security governed by Article 8 of the
      UCC.

     

    “Securities
      Account” means an account to which a Financial Asset is or may be credited
      in accordance with an agreement under which the Person maintaining the account
      undertakes to treat the Person for whom the account is maintained as entitled
      to
      exercise rights that comprise the Financial Asset, including, without
      limitation, all such accounts listed on Schedule 12 hereto, as such
      schedule may be supplemented from time to time.

     

    “Security
      Agreement Supplement” means a Supplement to this Agreement in the form of
Exhibit B executed by each additional Grantor and delivered to the
      Administrative Agent pursuant to Section 6.12(a) of the Credit
      Agreement.

     

    “Security
      Entitlements” means the rights and property interests of an Entitlement
      Holder with respect to a Financial Asset.

     

    “Security
      Interest” has the meaning specified in Section 3.01.

     

    “Security
      Intermediary” means:

     

    (a)                a
      clearing corporation; or

     

    (b)                a
      Person, including a bank or broker, that in the ordinary course of its business
      maintains Securities Accounts for others and is acting in that
      capacity.

     

    “Software”
      means a computer program and any supporting information provided in connection
      with a transaction relating to the program, not including a computer program
      that is included in the definition of Goods.

     

    “Subsidiary
      Grantor” has the meaning specified in the preamble hereto.

     

    “Supporting
      Obligation” means a Letter-of-Credit Right or secondary obligation that
      supports the payment or performance of an Account, Chattel Paper, Document,
      General Intangible, Instrument or Investment Property, including, without
      limitation, all security agreements, guaranties, leases and other contracts
      securing or otherwise relating to any such Accounts, Chattel Paper, Documents,
      General Intangible, Instruments or Investment Property, including Goods
      represented by the sale or lease of delivery which gave rise to any of the
      foregoing, returned or repossessed merchandise and rights of stoppage in
      transit, replevin, reclamation and other rights and remedies of an unpaid
      vendor, lienor or secured party.

     

    “Tangible
      Chattel Paper” means Chattel Paper evidenced by a
      record or records consisting of information that is inscribed on a tangible
      medium.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    “Termination
      Date” means (a) for all Loan Parties, the date on which all of the following
      events occur:  (i) the payment in full in cash of the Obligations of
      all the Loan Parties; (ii) the termination or expiration of the Availability
      Period; and (iii) the termination or expiration of all Letters of Credit; or
      (b)
      for any Grantor other than the Borrower, the date on which (i) the Loan Parties
      sell all of the outstanding capital stock of such Grantor to a Person other
      than
      a Loan Party in a transaction permitted by the Credit Agreement or (ii) such
      Grantor no longer constitutes a Subsidiary of the Borrower pursuant to a
      transaction permitted by Section 7.04 of the Credit
      Agreement.

     

    “Trademark
      License” means any written agreement, now or hereafter in effect, granting
      to any third party any right to use any Trademark now or hereafter owned by
      any
      Grantor or that any Grantor otherwise has the right to license, or granting
      to
      any Grantor any right to use any Trademark now or hereafter owned by any third
      party, and all rights of any Grantor under any such agreement.

     

    “Trademarks”
      means all of the following now or hereafter owned by any Grantor, (a) all
      trademarks, service marks, trade names, corporate names, company names, business
      names, fictitious business names, trade styles, trade dress, logos, other source
      or business identifiers, designs and general intangibles of like nature, now
      existing or hereafter adopted or acquired, all registrations and recordings
      thereof, and all applications filed in connection therewith, including
      registrations and applications in the United States Patent and Trademark Office,
      any State of the United States or any other country or any political subdivision
      thereof, and all extensions or renewals thereof, including, without limitation,
      those listed on Schedule 9 hereto, as such schedule may be supplemented
      from time to time, (b) all goodwill associated therewith and (c) all other
      assets, rights and interests that uniquely reflect or embody such
      goodwill.

     

    ARTICLE
      II

     

    PLEDGED
      COLLATERAL

     

    SECTION
      2.01  Pledged
      Collateral.  The Collateral pledged by each Grantor under this
      Agreement shall include all of such Grantor’s right, title and interest in, to
      and under the following Equity Interests and Indebtedness now owned or hereafter
      acquired by such Grantor (collectively, the “Pledged
      Collateral”):  

     

    (a)  Pledged
      Equity. (i) The shares of capital stock, membership interests, limited
      partnership interests and other Equity Interests in any Person owned by such
      Grantor on the Closing Date and listed opposite the name of such Grantor on
      Schedule 4, (ii) any other Equity Interests of any Person obtained in the
      future by such Grantor and identified in a supplement to Schedule 4
      attached to a Security Agreement Supplement and (iii) any certificates
      representing all such Equity Interests (collectively, the “Pledged
      Equity”); provided, however, that the Pledged Equity of any
      Grantor shall not include (A) more than 65% of the aggregate issued and
      outstanding voting Equity Interests of any Foreign Subsidiary owned directly
      by
      such Grantor, or (B) any Equity Interest in any Person which is evidenced by
      a
      Security or a Security Entitlement which is maintained in a Securities Account
      which is either (1) maintained with the Administrative Agent or (2) maintained
      with any other Securities Intermediary; provided that upon the occurrence
      of an Event of Default, the Administrative Agent may require that any such
      other
      Securities Intermediary enter into an Account Control Agreement with the
      Administrative Agent with respect to such Securities Account.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    (b)  Pledged
      Debt. (i) The promissory notes and debt securities of any other Person owned
      by such Grantor on the Closing Date evidencing the loans or advances for money
      borrowed made by such Grantor which are outstanding on the Closing Date, in
      each
      case, which are listed opposite the name of such Grantor on Schedule 4,
      (ii) any promissory notes, and debt securities, issued to such Grantor by any
      other Person and evidencing loans or advances for money borrowed made by such
      Grantor and identified in a supplement to Schedule 4 attached to a
      Security Agreement Supplement and (iii) the promissory notes and any other
      instruments as may hereafter be issued to evidence such loans or advances for
      money borrowed (collectively, the “Pledged Debt”).

     

    (c)  Distributions.
      Subject to Section 2.05, all payments of principal or interest,
      dividends, cash, instruments and other property from time to time received,
      receivable or otherwise distributed in respect of, in exchange for or upon
      the
      conversion of the items referred to in clauses (a) and (b) above.

     

    (d)  Rights
      and Privileges. Subject to Section 2.05, all rights and privileges of
      such Grantor with respect to the securities, instruments and other property
      referred to in clauses (a), (b) and (c) above.

     

    (e)  Proceeds.
      All Proceeds of any of the foregoing.

     

    SECTION
      2.02  Delivery
      of the Pledged Collateral.  (a) Certificated Collateral.
      Each Grantor agrees promptly to deliver or cause to be delivered to the
      Administrative Agent any and all Pledged Securities representing any Pledged
      Equity or Pledged Debt, as the case may be.

     

    (b)  [Intentionally
      Omitted].

     

    (c)  Stock
      Powers. Upon delivery to the Administrative Agent, any Pledged Securities
      shall be accompanied by stock powers, bond powers or other instruments of
      transfer reasonably satisfactory to the Administrative Agent duly executed
      in
      blank by the applicable Grantor and such other instruments and documents as
      the
      Administrative Agent may reasonably request.  Unless previously
      delivered with this Security Agreement or any Security Agreement Supplement,
      as
      the case may be, each delivery of Pledged Securities shall be accompanied by
      a
      schedule describing the Pledged Collateral evidenced thereby, which schedule
      shall be attached hereto as a supplement to Schedule 4 and made a part
      hereof; provided that failure to attach any such schedule hereto shall
      not affect the validity of such pledge of such Pledged
      Securities.  Each schedule so delivered shall be in form and substance
      reasonably acceptable to the Administrative Agent and shall supplement any
      prior
      schedules so delivered.

     

    (d)  Uncertificated
      Collateral. With respect to any Pledged Equity owned by any Grantor that
      constitutes an uncertificated security of a Subsidiary or Affiliate of such
      Grantor, such Grantor will cause the issuer thereof (if, either individually
      or
      together with the Borrower and its other Affiliates, it controls such issuer)
      or
      will use commercially reasonable efforts to cause such issuer (if it does not
      so
      control such issuer) either (i) to register the Administrative Agent as the
      registered owner of such Pledged Equity or (ii) (A) to acknowledge the security
      interest of the Administrative Agent in such Pledged Equity granted hereunder,
      (B) to confirm to the Administrative Agent that it has not received notice
      of
      any other Lien in such Pledged Equity (and has not agreed to accept instructions
      from any other Person in respect of such Pledged Equity other than the
      Administrative Agent) and (C) to agree in writing with such Grantor and the
      Administrative Agent that such issuer will comply with instructions with respect
      to such Pledged Equity originated by the Administrative Agent without further
      consent of such Grantor, upon the occurrence and during the continuance of
      an
      Event of Default, such agreement to be in form and substance reasonably
      satisfactory to the Administrative Agent.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    SECTION
      2.03  Agreements
      of Issuers.

     

    (a)  Acknowledgment
      and Confirmation of Issuers. Each Grantor that is the issuer of any Pledged
      Equity owned by any other Grantor, hereby (i) acknowledges the security interest
      of the Administrative Agent in such Pledged Equity granted by such other Grantor
      hereunder, (ii) confirms that it has not received notice of any other Lien
      as of
      the Closing Date in such Pledged Equity (and has not agreed to accept
      instructions from any other Person in respect of such Pledged Equity other
      than
      the Administrative Agent), (iii) agrees that it will comply with the
      instructions that the Administrative Agent is entitled to make under this
      Agreement or any other Loan Document with respect to such Pledged Equity
      originated by the Administrative Agent upon the occurrence and during the
      continuance of an Event of Default without further consent of such other Grantor
      and (iv) otherwise agrees that it will be bound by the terms of this Agreement
      relating to the Pledged Collateral issued by it.

     

    (b)  Partnerships
      and Limited Liability Companies. In the case of each Grantor which is a
      partner or member in a partnership, limited liability company or other entity,
      such Grantor hereby consents to the extent required by applicable Organization
      Documents to the pledge by each other Grantor, pursuant to the terms hereof,
      of
      the Pledged Equity in such partnership, limited liability company or other
      entity, and upon the occurrence and during the continuance of an Event of
      Default, to the transfer of such Pledged Equity to the Administrative Agent
      or
      its nominee and to the substitution of the Administrative Agent or its nominee
      as the substituted partner or member in such limited partnership, limited
      liability company or other entity with all rights, powers and duties of a
      partner or a general partner or a limited member, as the case may be, as
      provided herein.

     

    SECTION
      2.04  Representations,
      Warranties and Covenants with respect to Pledged Collateral.  The
      Grantors represent, warrant and covenant to and with the Administrative Agent,
      for the benefit of the Secured Parties, that:  

     

    (a)  Pledged
      Collateral.  Schedule 4 (as of the Closing Date and as
      supplemented from time to time by any Security Agreement Supplements) correctly
      sets forth for each Grantor on and as of the Closing Date and as of the date
      of
      each Security Agreement Supplement, (i) the percentage of the issued and
      outstanding Equity Interests of each class of any other Person  (other
      than Equity Interests in public companies) directly owned by such Grantor (and
      the aggregate outstanding Equity Interests of such class of such issuer) and
      (ii) all Indebtedness for borrowed money of any other Person and all other
      Indebtedness evidenced by a promissory note or debt security issued by any
      other
      Person which is payable or due to such Grantor in a principal amount in excess
      of $100,000 individually or $250,000 in the aggregate; provided,
however, that for each class of Equity Interests with voting power
      of any
      Foreign Subsidiary which is owned directly by such Grantor, Schedule 4
      (as so supplemented) identifies only 65% of the aggregate outstanding Equity
      Interests of such class of such Foreign Subsidiary (or any lesser percentage
      of
      the aggregate outstanding Equity Interests of such issuer of such class owned
      directly by such Grantor).

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (b)  Due
      Authorization and Issuance. All Pledged Equity and Pledged Debt issued by
      any Subsidiary of the Borrower to any Grantor has been, and to the extent that
      any such Pledged Equity or Pledged Debt is hereafter issued, such Pledged Equity
      or Pledged Debt will be, upon such issuance, duly and validly issued by such
      issuer and (i) in the case of such Pledged Equity, is fully paid and
      nonassessable and (ii) to the knowledge of the Grantors in the case of such
      Pledged Debt, is the legal, valid and binding obligation of such
      issuer.

     

    (c)  Title.
      Each Grantor (i) is the owner, beneficially and of record, of the Pledged
      Collateral indicated on Schedule 4 (as of the Closing Date and as
      supplemented by any Security Agreement Supplement from time to time) as owned
      by
      such Grantor, (ii) holds the same free and clear of all Liens, other than Liens
      created by this Agreement and Permitted Liens, (iii) will make no assignment,
      pledge, hypothecation or transfer of, or create or permit to exist any security
      interest in or other Lien on, the Pledged Collateral, other than the Security
      Interest created by this Agreement and other assignments, transfers and Liens
      permitted pursuant to the Credit Agreement, and (iv) will defend its title
      or
      interest hereto or therein against any and all Liens (other than the Security
      Interest created by this Agreement and other Permitted Liens), however arising,
      of all Persons.

     

    (d)  Transferability
      of Pledged Collateral. Except for (i) restrictions and limitations imposed
      by the Loan Documents or securities laws generally and (ii) consents required
      and obtained in connection herewith, the Pledged Collateral is and will continue
      to be freely transferable and assignable, and none of the Pledged Collateral
      is
      or will be subject to any option, right of first refusal, shareholders
      agreement, provision of any Organization Document or contractual restriction
      of
      any nature that could reasonably be expected to prohibit, impair, delay or
      otherwise affect the pledge of such Pledged Collateral hereunder, the sale
      or
      disposition thereof pursuant hereto or the exercise by the Administrative Agent
      of rights and remedies hereunder.

     

    (e)  Validity
      of Security Interest. By virtue of the execution and delivery by each
      Grantor of this Agreement or a Joinder Agreement, as the case may be, when
      (i)
      all Pledged Securities evidencing any Pledged Collateral of such Grantor are
      delivered to the Administrative Agent in accordance with this Agreement and
      (ii)
      the Administrative Agent files proper financing statements covering the Pledged
      Collateral in form appropriate for filing under the Uniform Commercial Code
      in
      the jurisdictions necessary in order to perfect the Liens created under this
      Agreement, the Administrative Agent, for the benefit of itself and the other
      Secured Parties, will obtain a valid and perfected first priority lien, subject
      to Permitted Liens, upon and security interest in all Pledged Collateral of
      such
      Grantor as security for the payment and performance of the Obligations of such
      Grantor.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (f)  No
      Violation. Such Grantor is not in default in the payment of any portion of
      any mandatory capital contribution, if any, required to be made under any
      agreement to which such Grantor is a party relating to the Pledged Equity
      pledged by it, and such Grantor is not in violation in any material respect
      of
      any other provisions of any such agreement to which such Grantor is a party,
      or
      otherwise in default or violation thereunder.

     

    (g)  No
      Defaults. No Pledged Equity pledged by such Grantor is subject to any
      defense, offset or counterclaim, nor have any of the foregoing been asserted
      or
      alleged against such Grantor by any Person with respect thereto, and on and
      as
      of the Closing Date and as of the date of each Security Agreement Supplement
      and
      Joinder Agreement, there are no certificates, instruments, documents or other
      writings (other than the Organization Documents and certificates (if any)
      delivered to the Administrative Agent) which evidence any Pledged Equity of
      such
      Grantor.

     

    (h)  Notices.
      Each Grantor agrees to furnish to the Administrative Agent promptly upon receipt
      thereof copies of all material notices, requests and other documents received
      by
      such Grantor under or pursuant to the Pledged Equity and any other contract
      or
      agreement included in the Pledged Collateral to which it is a party, and from
      time to time (i) furnish to the Administrative Agent such information and
      reports regarding the Pledged Equity and any such Pledged Collateral as the
      Administrative Agent may reasonably request, and (ii) if a Default has occurred
      and is continuing, upon the reasonable request of the Administrative Agent,
      make
      to any other party to the Pledged Equity or any other contract or agreement
      included in the Pledged Collateral such demands and requests for information
      and
      reports or for action as the Grantor is entitled to make
      thereunder;

     

    (i)  No
      Termination or Modifications (Pledged Equity). Upon the occurrence and
      during the continuance of an Event of Default, no Grantor of a Pledged Equity
      shall, except as otherwise not prohibited by the Credit Agreement: (i) cancel
      or
      terminate any Pledged Equity or any other contract or agreement included in
      the
      Pledged Collateral to which it is a party or consent to or accept any
      cancellation or termination thereof; (ii) amend or otherwise modify any such
      Pledged Equity or any such contract or agreement or give any consent, waiver,
      or
      approval thereunder; (iii) waive any default under or breach of any such Pledged
      Equity or any such other contract or agreement; or (iv) take any other action
      in
      connection with any such Pledged Equity or any such other contract or agreement
      the taking or omission of which would reasonably be expected to materially
      impair the value of the interest or rights of such Grantor thereunder or that
      would materially impair the interest or rights of the Administrative
      Agent.

     

    (j)  No
      Amendment or Other Actions (Pledged Debt). Upon the occurrence and during
      the continuance of an Event of Default, no Grantor will, without the prior
      written consent of the Administrative Agent, except as not prohibited by the
      Credit Agreement: (i) enter into any agreement amending, supplementing, or
      waiving any provision of any Pledged Debt (including any underlying instrument
      pursuant to which such Pledged Debt is issued) or compromising or releasing
      or
      extending the time for payment of any obligation of the maker thereof; or (ii)
      take or omit to take any action the taking or the omission of which could
      reasonably be expected to result in any impairment or alteration of any
      obligation of the maker of any Pledged Debt or other instrument constituting
      Collateral related to the Pledged Debt.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    SECTION
      2.05  Voting
      Rights; Dividends and Interest, etc.  (a) Unless an Event of
      Default shall have occurred and be continuing:

     

    (i)  Each
      Grantor shall be entitled to exercise any and all voting and/or other consensual
      rights and powers inuring to an owner of Pledged Collateral or any part thereof
      for any purpose consistent with the terms of this Agreement, the Credit
      Agreement and the other Loan Documents; provided that such rights and
      powers shall not be exercised in any manner that would violate the Loan
      Documents or otherwise would reasonably be expected to have a Material Adverse
      Effect.

     

    (ii)  The
      Administrative Agent shall be deemed without further action or formality to
      have
      granted to each Grantor all necessary consents relating to voting rights and
      shall, if necessary, upon written request of a Grantor and at the sole cost
      and
      expense of the Grantors, from time to time execute and deliver or cause to
      be
      executed and delivered to such Grantor, all such instruments as Grantor may
      reasonably request in order to permit such Grantor to exercise the voting and/or
      other rights that it is entitled to exercise pursuant to subparagraph (i)
      above.

     

    (iii)  Each
      Grantor shall be entitled to receive, retain, and to utilize free and clear
      of
      any Lien hereof, any and all dividends, interest, principal and other
      distributions paid on or distributed in respect of the Pledged Collateral but
      only if and to the extent that such dividends, interest, principal and other
      distributions are not otherwise prohibited by the terms and conditions of the
      Credit Agreement, the other Loan Documents and applicable Laws; provided
      that any noncash dividends, interest, principal or other distributions that
      would constitute Pledged Equity or Pledged Debt, whether resulting from a
      subdivision, combination or reclassification of the outstanding Equity Interests
      of the issuer of any Pledged Equity or received in exchange for any Pledged
      Debt
      or any part thereof, or in redemption thereof, or as a result of any merger,
      consolidation, acquisition or other exchange of assets to which such issuer
      may
      be a party or otherwise, shall be and become part of the Pledged Collateral,
      and, any with respect to any such noncash dividends or other distributions
      with
      respect to Pledged Equity, if received by any Grantor, shall not be commingled
      by such Grantor with any of its other funds or property but shall be held
      separate and apart therefrom, shall be held in trust for the benefit of the
      Administrative Agent and shall be promptly delivered to the Administrative
      Agent
      as Pledged Collateral in the same form as so received (with any necessary
      endorsement).

     

    (b)  Upon
      the
      occurrence and during the continuance of an Event of Default, all rights of
      any
      Grantor to dividends, interest, principal or other distributions that such
      Grantor is authorized to receive pursuant to paragraph (a)(iii) of this
Section 2.05 shall cease, and all such rights shall thereupon become
      vested in the Administrative Agent, which shall have the sole and exclusive
      right and authority to receive and retain such dividends, interest, principal
      or
      other distributions.  All dividends, interest, principal or other
      distributions received by any Grantor contrary to the provisions of this
Section 2.05 shall be held in trust for the benefit of the Administrative
      Agent, shall be segregated from other property or funds of such Grantor and
      shall be forthwith delivered to the Administrative Agent in the same form as
      so
      received (with any necessary endorsement).  Any and all money and
      other property paid over to or received by the Administrative Agent pursuant
      to
      the provisions of this subsection (b) shall be retained by the
      Administrative Agent in an account to be established by the Administrative
      Agent
      upon receipt of such money or other property and shall be applied in accordance
      with the provisions of Section 6.02.  If after the occurrence
      of an Event of Default, such Event of Default shall have been waived in
      accordance with Section 10.01 of the Credit Agreement, each Grantor will again
      have the right to exercise the rights to dividends, interest, principal or
      other
      distributions that such Grantor would otherwise be entitled to exercise pursuant
      to the terms of paragraph (a)(iii) above.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    (c)  Upon
      the
      occurrence and during the continuance of an Event of Default, all rights of
      any
      Grantor to exercise the voting and consensual rights and powers it is entitled
      to exercise pursuant to paragraph (a)(i) of this Section 2.05, and
      the obligations of the Administrative Agent under paragraph (a)(ii) of
      this Section 2.05, shall cease, and all such rights shall thereupon
      become vested in the Administrative Agent, which shall have the sole and
      exclusive right and authority to exercise such voting and consensual rights
      and
      powers and each Grantor shall promptly deliver to the Administrative Agent
      such
      proxies and other documents as may be necessary to allow the Administrative
      Agent to exercise such voting power.  If after the occurrence of an
      Event of Default, such Event of Default shall have been waived pursuant to
      Section 10.01 of the Credit Agreement, each Grantor will again have the
      right to exercise the voting and consensual rights and powers that such Grantor
      would otherwise be entitled to exercise pursuant to the terms of paragraph
      (a)(i) above.

     

    SECTION
      2.06  Registration
      in Nominee Name; Denominations.  The Administrative Agent, on
      behalf of the Secured Parties, shall have the right to hold as collateral the
      Pledged Collateral endorsed or assigned in blank or in favor of the
      Administrative Agent.  After the occurrence and during the continuance
      of an Event of Default, the Administrative Agent, on behalf of the Secured
      Parties, shall also have the right (in its sole and absolute discretion), to
      hold the Pledged Collateral in its own name as pledgee, the name of its nominee
      (as pledgee or as sub-agent) or the name of the applicable Grantor. At the
      reasonable request of the Administrative Agent, each Grantor will promptly
      give
      to the Administrative Agent copies of any notices or other communications
      received by it with respect to Pledged Securities registered in the name of
      such
      Grantor.  The Administrative Agent shall at all times have the right
      to exchange the certificates or instruments (to the extent permitted by the
      terms thereof) representing Pledged Securities for certificates or instruments
      of smaller or larger denominations for any purpose consistent with this
      Agreement.

     

    SECTION
      2.07  Release;
      Termination. (a)  Upon any sale, transfer or
      other Disposition of any item of Pledged Collateral of any Grantor in accordance
      with Section 7.05 of the Credit Agreement, the Administrative Agent will, at
      such Grantor’s expense and without any representations, warranties or recourse
      of any kind whatsoever, promptly execute and deliver to such Grantor such
      documents as such Grantor shall reasonably request to evidence the release
      of
      such item of Pledged Collateral from the assignment and security interest
      granted hereby; provided, however, that such Grantor shall have
      delivered to the Administrative Agent, at least five Business Days prior to
      the
      date of the proposed release (or such shorter time to which Administrative
      Agent
      may consent), a written request for release describing the item of Pledged
      Collateral and the terms of the sale, lease, transfer or other disposition
      in
      reasonable detail, including the price thereof and any expenses in connection
      therewith, together with a form of release for execution by the Administrative
      Agent (which release shall be in form and substance reasonably satisfactory
      to
      the Administrative Agent) and a certificate of such Grantor to the effect that
      the transaction is in compliance with the Loan Documents.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    (b)  Upon
      the
      Termination Date for any Grantor, the pledge, assignment and security interest
      granted by such Grantor hereunder shall automatically terminate and all rights
      to the Pledged Collateral of such Grantor shall revert to such
      Grantor.  Upon any such termination, the Administrative Agent will, at
      the applicable Grantor’s expense and without any representations, warranties or
      recourse of any kind whatsoever, promptly execute and deliver to such Grantor
      such documents as such Grantor shall reasonably request to evidence such
      termination and deliver to such Grantor all Pledged Collateral of such Grantor
      then held by the Administrative Agent.

     

    ARTICLE
      III

     

    SECURITY
      INTERESTS IN PERSONAL PROPERTY

     

    SECTION
      3.01  The
      Security Interests.  Each Grantor hereby collaterally assigns
      (except with respect to intent-to-use trademark applications, if any) and
      pledges to the Administrative Agent, its successors and assigns, for the ratable
      benefit of the Secured Parties, and hereby grants to the Administrative Agent,
      its successors and assigns, for the ratable benefit of the Secured Parties,
      as
      security for the payment or performance in full of the Obligations of such
      Grantor, a security interest (the “Security Interest”) in all right,
      title and interest of such Grantor in, to and under any and all of the following
      assets and properties now owned or at any time hereafter acquired by such
      Grantor or in which such Grantor now has or at any time in the future may
      acquire any right, title or interest (collectively, the
“Collateral”):

     

    (a)  all
      Accounts;

     

    (b)  all
      Chattel Paper;

     

    (c)  all
      cash
      and Deposit Accounts;

     

    (d)  all
      Documents;

     

    (e)  all
      Equipment, including all Fixtures;

     

    (f)  all
      General Intangibles;

     

    (g)  all
      Instruments;

     

    (h)  all
      Inventory;

     

    (i)  all
      Investment Property;

     

    (j)  all
      Pledged Collateral;

     

    (k)  all
      Supporting Obligations;

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    (l)  all
      Commercial Tort Claims of such Grantor described in Schedule 2 hereto in
      respect of such Grantor (as such schedule may be supplemented from time to
      time
      pursuant to any Security Agreement Supplement or otherwise);

     

    (m)  all
      other
      Goods;

     

    (n)  all
      books
      and records pertaining to the Collateral;

     

    (o)  all
      other
      assets, properties and rights of every kind and description and interests
      therein, including all moneys, securities and other property, now or hereafter
      held or received by, or in transit to, any Grantor, the Administrative Agent
      or
      any other Secured Party, whether for safekeeping, pledge, custody, transmission,
      collection or otherwise; and

     

    (p)  all
      Proceeds of any and all of the foregoing;

     

    provided,
      however, that notwithstanding anything to the contrary in clauses (a)
      through (p) above:

     

    (i)  any
      General Intangible, Chattel Paper, Instrument or Account which by its terms
      prohibits the creation of a security interest therein (whether by assignment
      or
      otherwise) shall be excluded from the Lien of the Security Interest granted
      under this Section 3.01, and shall not be included in the Collateral of
      such Grantor, except to the extent that Sections 9-406(d), 9-407(a) or 9-408(a)
      of the UCC are effective to render any such prohibition ineffective;
provided, however, that if any General Intangible, Chattel Paper,
      Instrument or Account included in the Collateral contains any term restricting
      or requiring the consent of any Person (other than a Grantor) obligated thereon
      to any exercise of remedies hereunder in respect of the Security Interest
      therein granted under this Section 3.01 (but does not prohibit the
      creation of a security interest therein (whether by assignment or otherwise)),
      then the enforcement of such Security Interest under this Agreement shall be
      subject to Section 6.01(c) (but such provision shall not limit the
      creation, attachment or perfection of the Security Interest
      hereunder);

     

    (ii)  any
      permit, lease, license (including any License) or franchise shall be excluded
      from the Lien of the Security Interest granted under this Section 3.01,
      and shall not be included in the Collateral, to the extent any Law applicable
      thereto is effective to prohibit the creation of a Security Interest therein;
      and

     

    (iii)  any
      Equipment (including  any Software incorporated herein) owned by any
      Grantor on the date hereof or hereafter acquired that is subject to a Lien
      securing a purchase money obligation or Capitalized Lease permitted to be
      incurred pursuant to the provisions of the Credit Agreement shall be excluded
      from the Lien of the Security Interest granted under this Section 3.01,
      and shall not be included in the Collateral, to the extent that the contract
      or
      other agreement in which such Lien is granted (or the documentation providing
      for such purchase money obligation or Capitalized Lease) validly prohibits
      the
      creation of any other Lien on such Collateral.

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    With
      respect to property described in clauses (i) through (iii) above to the extent
      not included in the Collateral of such Grantor (the “Excluded Property”),
      such property shall constitute Excluded Property only to the extent and for
      so
      long as the creation of a Lien on such property in favor of the Administrative
      Agent is, and remains, prohibited, and upon termination of such prohibition
      (however occurring), such property shall cease to constitute Excluded
      Property.  The Grantors may be required from time to time at the
      reasonable request of the Administrative Agent to give written notice to the
      Administrative Agent identifying in reasonable detail the Excluded Property
      (and
      stating in such notice that such property constitutes Excluded Property) and
      to
      provide the Administrative Agent with such other information regarding the
      Excluded Property as the Administrative Agent may reasonably
      request.

     

    SECTION
      3.02  Filing
      Authorization.  (a)  Each Grantor hereby irrevocably
      authorizes the Administrative Agent at any time and from time to time to file
      in
      any relevant jurisdiction any initial financing statements (including fixture
      filings) with respect to the Collateral or any part thereof and amendments
      thereto that contain the information required by Article 9 of the UCC of each
      applicable jurisdiction for the filing of any financing statement or amendment,
      including (i) if such Grantor is an organization, the type of organization
      and
      any organizational identification number issued to such Grantor, (ii) in the
      case of a financing statement filed as a fixture filing, a sufficient
      description of the real property to which such Collateral relates and (iii)
      a
      description of collateral that describes such property in any other manner
      as
      the Administrative Agent may reasonably determine is necessary or advisable
      to
      ensure the perfection of the security interest in the Collateral granted to
      the
      Administrative Agent, including describing such property as “all assets” or “all
      property.”  Each Grantor agrees to provide such information to the
      Administrative Agent promptly upon request. 

     

    (b)  Each
      Grantor also ratifies its authorization for the Administrative Agent to file
      in
      any relevant jurisdiction any such initial financing statements or amendments
      thereto if filed prior to the date hereof.

     

    (c)  The
      Administrative Agent is further authorized to file with the United States Patent
      and Trademark Office or United States Copyright Office (or any successor office
      or any similar office in any other country) Intellectual Property Security
      Agreements or such other documents as may be necessary or advisable for the
      purpose of perfecting, confirming, continuing, enforcing or protecting the
      Security Interest granted by each Grantor, without the signature of any Grantor,
      and naming any Grantor or the Grantors as debtors and the Administrative Agent
      as secured party.

     

    SECTION
      3.03  Continuing
      Security Interest; Transfer of Credit
      Extensions.  This Agreement shall create a
      continuing security interest in the Collateral of each Grantor and shall remain
      in full force and effect with respect to each Grantor until the Termination
      Date
      for such Grantor, be binding upon each Grantor, its successors, transferees
      and
      assigns, and inure, together with the rights and remedies of the Administrative
      Agent hereunder, to the benefit of the Administrative Agent and each other
      Secured Party.  Without limiting the generality of the foregoing, any
      Secured Party may assign or otherwise transfer (in whole or in part) any
      Commitment or Loan held by it to any other Person, and such other Person shall
      thereupon become vested with all the rights and benefits in respect thereof
      granted to such Lender under any Loan Document (including this Agreement) or
      otherwise, subject, however, to any contrary provisions in such assignment
      or
      transfer, and to the provisions of Section 10.06 and Article IX of
      the Credit Agreement.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    SECTION
      3.04  Grantors
      Remain Liable.  Anything herein to the contrary
      notwithstanding:

     

    (a)  each
      Grantor shall remain liable under the contracts and agreements included in
      the
      Collateral (including the Material Contracts) to the extent set forth therein,
      and shall perform all of its duties and obligations under such contracts and
      agreements to the same extent as if this Agreement had not been
      executed,

     

    (b)  each
      Grantor will comply in all material respects with all Laws relating to the
      ownership and operation of the Collateral, including all registration
      requirements under applicable Laws, except in such instances in which (i) such
      requirement of Law or order, writ, injunction or decree (x) is being contested
      in good faith by appropriate proceedings diligently conducted and for which
      adequate reserves have been provided in accordance with GAAP, and (y) has not
      resulted in any Lien (other than Permitted Liens) on any Collateral; and (ii)
      the failure to comply therewith would not reasonably be expected to have a
      Material Adverse Effect, and shall pay when due all taxes, fees and assessments
      imposed on or with respect to the Collateral, except to the extent the validity
      thereof is being contested in good faith by appropriate proceedings for which
      adequate reserves in accordance with GAAP have been set aside by such
      Grantor,

     

    (c)  the
      exercise by the Administrative Agent of any of its rights hereunder shall not
      release any Grantor from any of its duties or obligations under any such
      contracts or agreements included in the Collateral, and

     

    (d)  neither
      the Administrative Agent nor any other Secured Party shall have any obligation
      or liability under any such contracts or agreements included in the Collateral
      by reason of this Agreement, nor shall the Administrative Agent or any other
      Secured Party be obligated to perform any of the obligations or duties of any
      Grantor thereunder or to take any action to collect or enforce any claim for
      payment assigned hereunder.

     

    SECTION
      3.05  Security
      Interest Absolute.  All rights of the
      Administrative Agent and the security interests granted to the Administrative
      Agent hereunder, and all obligations of each Grantor hereunder, shall be
      absolute and unconditional, irrespective of any of the following conditions,
      occurrences or events: 

     

    (a)  any
      lack
      of validity or enforceability of any Loan Document;

     

    (b)  the
      failure of any Secured Party to assert any claim or demand or to enforce any
      right or remedy against the Borrower, any other Grantor or any other Person
      under the provisions of any Loan Document or otherwise or to exercise any right
      or remedy against any other guarantor of, or collateral securing, any
      Obligation;

     

    (c)  any
      change in the time, manner or place of payment of, or in any other term of,
      all
      or any of the Obligations or any other extension, compromise or renewal of
      any
      Obligation, including any increase in the Obligations resulting from the
      extension of additional credit to any Grantor or any other obligor or
      otherwise;

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    (d)  any
      reduction, limitation, impairment or termination of any Obligation for any
      reason, including any claim of waiver, release, surrender, alteration or
      compromise, and shall not be subject to (and each Grantor hereby waives any
      right to or claim of) any defense or setoff, counterclaim, recoupment or
      termination whatsoever by reason of the invalidity, illegality, nongenuineness,
      irregularity, compromise, unenforceability of, or any other event or occurrence
      affecting, any Obligation or otherwise;

     

    (e)  any
      amendment to, rescission, waiver, or other modification of, or any consent
      to
      departure from, any of the terms of any Loan Document;

     

    (f)  any
      addition, exchange, release, surrender or non-perfection of any collateral
      (including the Collateral), or any amendment to or waiver or release of or
      addition to or consent to departure from any guaranty, for any of the
      Obligations; or

     

    (g)  any
      other
      circumstances which might otherwise constitute a defense available to, or a
      legal or equitable discharge of Borrower, any other Grantor or
      otherwise.

     

    SECTION
      3.06  Waiver
      of Subrogation.  Until the Termination Date, no
      Grantor shall exercise any claim or other rights which it may now or hereafter
      acquire against any other Grantor that arises from the existence, payment,
      performance or enforcement of such Grantor’s Obligations under this Agreement,
      including any right of subrogation, reimbursement, exoneration or
      indemnification, any right to participate in any claim or remedy against any
      other Grantor or any collateral which the Administrative Agent now has or
      hereafter acquires, whether or not such claim, remedy or right arises in equity
      or under contract, statute or common law, including the right to take or receive
      from any other Grantor, directly or indirectly, in cash or other property or
      by
      setoff or in any manner, payment or security on account of such claim or other
      rights.  If any amount shall be paid to any Grantor in violation of
      the preceding sentence, such amount shall be deemed to have been paid for the
      benefit of the Secured Parties, and shall forthwith be paid to the
      Administrative Agent to be credited and applied upon the Obligations, whether
      matured or unmatured.  Each Grantor acknowledges that it will receive
      direct and indirect benefits for the financing arrangements contemplated by
      the
      Loan Documents and that the agreement set forth in this Section is knowingly
      made in contemplation of such benefits.

     

    SECTION
      3.07  Release;
      Termination.  (a) Upon any sale, transfer or
      other Disposition of any item of Collateral of any Grantor in accordance with
      Section 7.05 of the Credit Agreement, the Administrative Agent will, at
      such Grantor’s expense and without any representations, warranties or recourse
      of any kind whatsoever, promptly execute and deliver to such Grantor such
      documents as such Grantor shall reasonably request to evidence the release
      of
      such item of Collateral from the assignment and security interest granted
      hereby; provided, however, that such Grantor shall have delivered to the
      Administrative Agent, at least five Business Days prior to the date of the
      proposed release (or such shorter time to which Administrative Agent may
      consent), a written request for release describing the item of Collateral and
      the terms of the sale, lease, transfer or other disposition in reasonable
      detail, including the price thereof and any expenses in connection therewith,
      together with a form of release for execution by the Administrative Agent (which
      release shall be in form and substance reasonably satisfactory to the
      Administrative Agent) and a certificate of such Grantor to the effect that
      the
      transaction is in compliance with the Loan Documents.

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    (b)  Upon
      the
      Termination Date for any Grantor, the pledge, assignment and security interest
      granted by such Grantor hereunder shall automatically terminate and all rights
      to the Collateral of such Grantor shall revert to such Grantor.  Upon
      any such termination, the Administrative Agent will, at the applicable Grantor’s
      expense and without any representations, warranties or recourse of any kind
      whatsoever, promptly execute and deliver to such Grantor such documents as
      such
      Grantor shall reasonably request to evidence such termination and deliver to
      such Grantor all Pledged Securities, Instruments, Tangible Chattel Paper and
      negotiable documents representing or evidencing the Collateral of such Grantor
      then held by the Administrative Agent.

     

    ARTICLE
      IV

     

    PERFECTION
      OF SECURITY INTERESTS;

    REPRESENTATIONS
      AND WARRANTIES

     

    Each
      Grantor represents and warrants to the Administrative Agent and the Secured
      Parties and agrees that:

     

    SECTION
      4.01  Perfection
      of Security Interest.

     

    (a)  UCC
      Filings.  Uniform Commercial Code financing statements (including
      fixture filings, if applicable) or other appropriate filings, recordings or
      registrations reasonably requested by the Administrative Agent containing a
      description of the Collateral prepared by the Administrative Agent based upon
      the information provided to the Administrative Agent in Schedule 7 hereto
      (as supplemented from time to time) are in proper form for filing in each
      governmental office specified in Schedule 7 hereto, and constitute all
      the filings, recordings and registrations that are necessary to publish notice
      of and to establish a valid and perfected security interest in favor of the
      Administrative Agent (for the ratable benefit of the Secured Parties) in
      Collateral in which the Security Interest may be perfected by filing, recording
      or registration in the United States (or any political subdivision thereof)
      and
      its territories and possessions, and no further or subsequent filing, re-filing,
      recording, rerecording, registration or re-registration is necessary in any
      such
      jurisdiction, except as follows:

     

    (i)  filings
      required to be made in or with the United States Patent and Trademark Office
      and
      the United States Copyright Office in order to perfect the Security Interest
      in
      Collateral consisting of United States Patents, Trademarks and
      Copyrights;

     

    (ii)  filings
      required to be made in or with the motor vehicle title records of any applicable
      state in order to perfect the Security Interest in Collateral consisting of
      Motor Vehicles registered in such state; and

     

    (iii)  filings
      with respect to Real Property assets excluded from the scope of UCC Article
      9
      pursuant to UCC Section 9-109.

     

    (b)  Schedules.  The
      Schedules hereto (as of the Closing Date and as supplemented from time to time
      by a Security Agreement Supplement) have been duly prepared and completed and
      are correct and complete and as of the Closing Date and as supplemented from
      time to time by a Security Agreement Supplement:

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    (i)  Schedule
      1 sets forth a true and complete list of all the Subsidiary
      Grantors;

     

    (ii)  Schedule
      2 sets forth a true and complete list of all Commercial Tort Claims of each
      Grantor with a potential value in excess of $250,000;

     

    (iii)  Schedule
      3 sets forth a true and complete list of the exact legal name, jurisdiction
      of organization, federal and state (if applicable) organizational numbers,
      chief
      executive office, principal place(s) of business, locations of records of each
      Grantor, as well as any prior legal names, jurisdictions of formation or
      locations within the past 5 years of each such Grantor;

     

    (iv)  Schedule
      4 sets forth a true and complete list of all Pledged Collateral of each
      Grantor in accordance with Section 2.01;

     

    (v)  Schedule
      5 sets forth a true and complete list of locations of all Equipment and
      Inventory of each Grantor;

     

    (vi)  Schedule
      6 sets forth a true and complete list of trade and division names of each
      Grantor and a true and complete organizational chart of the Borrower including
      all of the Grantors;

     

    (vii)  Schedule
      7 sets forth a true and complete list of all the filings, including
      governmental offices, in which UCC filings should be made in accordance with
      Section 4.01(a) and all existing liens of each Grantor;

     

    (viii)  Schedule
      8 sets forth a true and complete list of all the Patents and Patent
      applications of each Grantor;

     

    (ix)  Schedule
      9 sets forth a true and complete list of all the Trademarks and Trademark
      applications of each Grantor;

     

    (x)  Schedule
      10 sets forth a true and complete list of all Copyrights and Copyright
      applications of each Grantor;

     

    (xi)  Schedule
      11 sets forth a true and complete list of all material Licenses, material
      Governmental Licenses and the Material Contracts of each Grantor;

     

    (xii)  Schedule
      12 sets forth a true and complete list of all Deposit Accounts and
      Securities Accounts of each Grantor; and

     

    (xiii)  Schedule
      13 sets forth a true and complete list of all owned or leased Motor Vehicles
      of each Grantor, all owned real property of each Grantor all real property
      leased by any Grantor.

     

    (c)  [Intentionally
      Omitted].

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    (d)  Intellectual
      Property Filings.  Fully executed Intellectual Property Security
      Agreements containing a description of all Collateral consisting of Intellectual
      Property with respect to United States registered Patents (and Patents for
      which
      United States registration applications are pending), United States registered
      Trademarks (and Trademarks for which United States registration applications
      are
      pending), and United States registered Copyrights (and Copyrights for which
      United States registration applications are pending), in each case, as more
      particularly described in Schedules 8, 9 and 10, have been
      delivered to the Administrative Agent for recording with the United States
      Patent and Trademark Office and the United States Copyright Office pursuant
      to
      35 U.S.C. Section 261, 15 U.S.C. Section 1060 or 17 U.S.C. Section 205 and
      the
      regulations thereunder, as applicable.  Upon such filings and the
      Uniform Commercial Code financing statement filings described in Section
      4.01(a), no further or subsequent filing, re-filing, recording, rerecording,
      registration or re-registration shall be necessary to protect the validity
      of
      and to establish a valid and perfected security interest in favor of the
      Administrative Agent (for the ratable benefit of the Secured Parties) in respect
      of all such Intellectual Property.

     

    (e)  Motor
      Vehicles.  Upon the request of the Administrative Agent, upon the
      occurrence and during the continuance of a Default, each Grantor shall deliver
      to the Administrative Agent originals of the certificates of title or ownership
      for the motor vehicles (and any other Equipment covered by certificates of
      title
      or ownership) owned by it and which are more particularly described in
Schedule 13, in each case, with the Administrative Agent listed as
      lienholder therein.

     

    (f)  Instruments
      and Tangible Chattel Paper.  If any amount payable under or in
      connection with any of the Collateral shall be or become evidenced by any
      promissory note or other instrument, with a principal amount in excess of
      $100,000 individually or $250,000 in the aggregate, or if any Grantor shall
      at
      any time hold or acquire any Instruments (other than any Instruments evidencing
      Indebtedness for money borrowed comprising part of the Pledged Collateral which
      has been delivered to the Administrative Agent pursuant to Section 2.02)
      or Tangible Chattel Paper, with a principal amount in excess of $100,000
      individually or $250,000 in the aggregate at the request of the Administrative
      Agent, such Grantor shall forthwith endorse, assign and deliver the same to
      the
      Administrative Agent, accompanied by such instruments of transfer or assignment
      duly executed in blank as the Administrative Agent may from time to time
      reasonably request.

     

    (g)  Deposit
      Accounts.  Upon the occurrence of an Event of Default, the
      Administrative Agent may require that each Grantor shall enter into an Account
      Control Agreement with each depositary bank with which such Grantor from time
      to
      time opens or maintains a Deposit Account to cause the depositary bank to agree
      to comply at any time with instructions from the Administrative Agent to such
      depositary bank directing the disposition of funds from time to time credited
      to
      such Deposit Account, without further consent of such Grantor or any other
      Person, pursuant to such Account Control Agreement.  No Grantor shall
      grant control of any Deposit Account to any Person other than the Administrative
      Agent.

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

    (h)  Investment
      Property.  If any Securities, other than any Pledged Equity issued
      by a Grantor or any other Subsidiary of the Borrower and pledged pursuant to
      Article II, whether certificated or uncertificated, or other Investment
      Property now or hereafter acquired by any Grantor are held by such Grantor
      or
      its nominee through a Securities Intermediary, such Grantor shall promptly
      notify the Administrative Agent thereof and, at the Administrative Agent’s
      request, pursuant to an Account Control Agreement, either (i) cause such
      Securities Intermediary to agree to comply with entitlement orders or other
      instructions from the Administrative Agent to such Securities Intermediary
      as to
      such Securities or other Investment Property, in each case without further
      consent of any Grantor or such nominee, or (ii) in the case of Financial Assets
      or other Investment Property held through a Securities Intermediary, arrange
      for
      the Administrative Agent to become the Entitlement Holder with respect to such
      Investment Property, with the Grantor being permitted, only with the consent
      of
      the Administrative Agent, to exercise rights to withdraw or otherwise deal
      with
      such Investment Property.  The Administrative Agent agrees with each
      of the Grantors that the Administrative Agent shall not give any such
      entitlement orders or instructions or directions to any such issuer or
      Securities Intermediary pursuant to any Account Control Agreement, and shall
      not
      withhold its consent to the exercise of any withdrawal or dealing rights by
      any
      Grantor, unless an Event of Default has occurred and is continuing.

     

    (i)  Electronic
      Chattel Paper and Transferable Records.  If any Grantor at any
      time holds or acquires an interest in any Electronic Chattel Paper or any
“transferable record”, as that term is defined in Section 201 of the Federal
      Electronic Signatures in Global and National Commerce Act or in Section 16
      of
      the Uniform Electronic Transactions Act as in effect in any relevant
      jurisdiction, with a value in excess of $100,000 individually or $250,000 in
      the
      aggregate, such Grantor shall promptly notify the Administrative Agent thereof
      and, at the request of the Administrative Agent, shall take such action as
      the
      Administrative Agent may reasonably request to vest in the Administrative Agent
      control under UCC Section 9-105 of such Electronic Chattel Paper or control
      under Section 201 of the Federal Electronic Signatures in Global and National
      Commerce Act or, as the case may be, Section 16 of the Uniform Electronic
      Transactions Act, as so in effect in such jurisdiction, of such transferable
      record.  The Administrative Agent agrees with such Grantor that the
      Administrative Agent will arrange, pursuant to procedures reasonably
      satisfactory to the Administrative Agent and so long as such procedures will
      not
      result in the Administrative Agent’s loss of control, for the Grantor to make
      alterations to the Electronic Chattel Paper or transferable record permitted
      under UCC Section 9-105 or, as the case may be, Section 201 of the Federal
      Electronic Signatures in Global and National Commerce Act or Section 16 of
      the
      Uniform Electronic Transactions Act for a party in control to allow without
      loss
      of control, unless an Event of Default has occurred and is
      continuing.

     

    (j)  Letter-of-Credit
      Rights.  If any Grantor is at any time a beneficiary under a
      letter of credit with a face amount in excess of $100,000 individually or
      $250,000 in the aggregate now or hereafter issued in favor of such Grantor,
      such
      Grantor or the Borrower, on behalf of such Grantor, shall promptly notify the
      Administrative Agent thereof and, at the written request and option of the
      Administrative Agent, such Grantor shall, pursuant to an agreement in form
      and
      substance reasonably satisfactory to the Administrative Agent, arrange for
      the
      issuer and any confirmer of such letter of credit to consent to an assignment
      to
      the Administrative Agent of the proceeds of any drawing under such letter of
      credit with the Administrative Agent agreeing that the proceeds of any drawing
      under such letter of credit are to be paid to such Grantor unless an Event
      of
      Default has occurred or is continuing.

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

     

    (k)  Commercial
      Tort Claims.  If any Grantor shall at any time hold or acquire a
      Commercial Tort Claim with a potential value in excess of $250,000 that it
      intends to pursue, the Grantor, by itself or through the Borrower, shall
      promptly notify the Administrative Agent thereof.

     

    (l)  Equipment
      and Inventory Locations.  If requested by the Administrative
      Agent, each Grantor shall, at its own expense, use commercially reasonable
      efforts to cause any landlord, bailee, warehouseman or processor with control
      over or with possession of any Equipment (including Fixtures) and Inventory
      of
      such Grantor or any landlord of a leased location where such Grantor primarily
      maintains its books and records with respect to the Collateral to enter into
      a
      collateral access agreement in form and substance satisfactory to the
      Administrative Agent.

     

    (m)  Material
      Contracts.  If requested by the Administrative Agent, upon the
      occurrence and continuation of a Default, each Grantor shall use commercially
      reasonable efforts to cause each party to each Material Contract identified
      in
Schedule 11 that does not constitute Excluded Property to execute and
      deliver an Acknowledgment and Agreement with respect to such Material
      Contract.

     

    SECTION
      4.02  Representations
      and Warranties.

     

    (a)  Validity
      of Security Interest.  The Security Interest granted by each
      Grantor constitutes (i) a legal and valid security interest in the Collateral
      of
      such Grantor securing the payment and performance of the Obligations of such
      Grantor, (ii) subject to the filings described in Section 4.01(a), a
      perfected security interest in the Collateral (other than as provided in such
      Section) in which a security interest may be perfected under Article 9 of the
      UCC by filing, recording or registering a financing statement or analogous
      document in the United States (or any political subdivision thereof) and its
      territories and possessions pursuant to the UCC in such jurisdictions and (iii)
      subject to the filings described in Section 4.01(d), a security interest
      that shall be perfected in all such Collateral in which a security interest
      may
      be perfected upon the receipt and recording of an Intellectual Property Security
      Agreement with the United States Patent and Trademark Office and the United
      States Copyright Office, as applicable, and otherwise as may be required
      pursuant to the Laws of any other applicable jurisdiction.  The
      Security Interest is and shall be prior to any other Lien on any of the
      Collateral, other than Permitted Liens.

     

    (b)  Other
      Financing Statements.  The Collateral is owned by the Grantors
      free and clear of any Lien, other than Permitted Liens.  None of the
      Grantors has filed or consented to the filing of (i) any financing statement
      or
      analogous document under the UCC or any other applicable Laws covering any
      Collateral, other than in respect of Permitted Liens, (ii) any assignment in
      which any Grantor assigns any Collateral or any security agreement or similar
      instrument covering any Collateral with the United States Patent and Trademark
      Office or the United States Copyright Office or (iii) any assignment in which
      any Grantor assigns any Collateral or any security agreement or similar
      instrument covering any Collateral with any foreign governmental, municipal
      or
      other office, which financing statement or analogous document, assignment,
      security agreement or similar instrument is still in effect, except, in each
      case, for Permitted Liens.

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      V

     

    COVENANTS

     

    Each
      Grantor covenants and agrees with the Administrative Agent that until the
      Termination Date, each Grantor will comply with the following:

     

    SECTION
      5.01  Perfection
      of Security Interests.  (a) Change of Name. Each Grantor
      agrees to provide at least 30 days prior written notice to the Administrative
      Agent (or such shorter notice to which the Administrative Agent may consent)
      of
      any change (i) in its legal name, (ii) in its identity or type of organization
      or corporate structure, (iii) in its Federal Taxpayer Identification Number
      or
      organizational identification number or (iv) in its jurisdiction of
      organization.  Each Grantor agrees to promptly provide the
      Administrative Agent with certified organizational documents reflecting any
      of
      the changes described in the immediately preceding sentence, to the extent
      applicable.  Each Grantor agrees not to effect or permit any change
      referred to in the first sentence of this paragraph (a) unless such notice
      has
      been received by the Administrative Agent in accordance with this paragraph
      (a).

     

    (b)  Maintenance
      of Records. Each Grantor agrees to maintain, at its own cost and expense,
      adequate records with respect to the Collateral owned by it in accordance with
      reasonably prudent and standard practices used in industries that are the same
      as or similar to those in which such Grantor is engaged, and, at such time
      or
      times as the Administrative Agent may reasonably request in respect of any
      material portion of any Collateral, to prepare and deliver to the Administrative
      Agent a schedule or schedules in form and detail reasonably satisfactory to
      the
      Administrative Agent showing the identity, amount and location of any and all
      Collateral specified in any such request.

     

    (c)  Security
      Agreement Supplements and IP Security Agreement Supplements. Upon (i)
      delivery of a Compliance Certificate in accordance with the Credit Agreement
      and/or (ii) the execution and delivery of any Joinder Agreement, the
      Borrower and, if applicable, the Grantor party to such
      Joinder Agreement, shall execute and deliver to the Administrative Agent a
      Security Agreement Supplement updating the Schedules hereto and, if necessary,
      an IP Security Agreement Supplement, updating the schedules to the Intellectual
      Property Security Agreement.

     

    (d)  Further
      Assurances. Each Grantor shall, at its own expense, take any and all
      commercially reasonable actions necessary to defend title to all material
      Collateral against all Persons and to defend the Security Interest of the
      Administrative Agent in all material Collateral and the priority thereof against
      any Lien not expressly permitted to be prior to the Security Interest pursuant
      to Section 7.01 of the Credit Agreement.

     

    (e)  Preserving
      Security Interest. Each Grantor agrees, at its own expense, to execute,
      acknowledge, deliver and cause to be duly filed all such further instruments
      and
      documents and take all such actions as the Administrative Agent may from time
      to
      time reasonably request to better assure, preserve, protect and perfect the
      Security Interest and the rights and remedies created hereby, including the
      payment of any fees and taxes required in connection with the execution and
      delivery of this Agreement, the granting of the Security Interest and the filing
      of any financing statements (including fixture filings) or other documents
      in
      connection herewith or therewith.

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

     

    (f)  Insurance.  The
      Grantors, at their own expense, shall maintain or cause to be maintained
      insurance covering physical loss or damage to the Inventory and Equipment in
      accordance with the requirements set forth in Section 6.07 of the Credit
      Agreement.  Each Grantor irrevocably makes, constitutes and appoints
      the Administrative Agent (and all officers, employees or agents designated
      by
      the Administrative Agent) as such Grantor’s true and lawful agent (and
      attorney-in-fact) for the purpose, during the continuance of an Event of
      Default, of making, settling and adjusting claims in respect of Collateral
      under
      policies of insurance, endorsing the name of such Grantor on any check, draft
      instrument or other item of payment for the proceeds of such policies of
      insurance and for making all determinations and decisions with respect
      thereto.  In the event that any Grantor at any time or times shall
      fail to obtain or maintain any of the policies of insurance required hereby
      or
      to pay any premium in whole or in part relating thereto, the Administrative
      Agent may, after the expiration of any applicable grace or cure period, without
      waiving or releasing any obligation or liability of any Grantor hereunder or
      any
      Event of Default, in its sole discretion, obtain and maintain such policies
      of
      insurance and pay such premium and take any other actions with respect thereto
      as the Administrative Agent reasonably deems advisable.  All sums
      disbursed by the Administrative Agent in connection with this Section
      5.01(f), including reasonable attorneys’ fees, court costs, expenses and
      other charges relating thereto, shall be payable, promptly upon demand, by
      the
      Grantors to the Administrative Agent and shall be additional Obligations secured
      hereby.

     

    (g)  Inspection
      Rights. Without in any way limiting or expanding the rights of any Lender or
      the Administrative Agent pursuant to Section 6.10 of the Credit
      Agreement, the Administrative Agent and such Persons as the Administrative
      Agent
      may reasonably designate shall have the right, at the Grantors’ cost and
      expense, to inspect the Collateral, all records related thereto (and to make
      extracts and copies from such records) and the premises upon which any of the
      Collateral is located, at reasonable times and intervals during normal business
      hours upon reasonable advance notice to the respective Grantor (provided that
      the Administrative Agent may not do any of the foregoing at the expense of
      the
      Grantors more often than once in any calendar year unless a Default has occurred
      and is continuing), to discuss the Grantors’ affairs with the officers of the
      Grantors and their independent accountants and to verify under reasonable
      procedures, the validity, amount, quality, quantity, value, condition and status
      of, or any other matter relating to, the Collateral, including, in the case
      of
      Accounts or Collateral in the possession of any third person, at any time that
      an Event of Default has occurred and is continuing, by contacting Account
      Debtors or the third person possessing such Collateral for the purpose of making
      such a verification.  Subject to Section 10.07 of the Credit
      Agreement, the Administrative Agent shall have the right to share any
      information it gains from such inspection or verification with any Secured
      Party.

     

    (h)  Payment
      of Taxes. At its option, the Administrative Agent may discharge past due
      taxes, assessments, charges, fees, Liens, security interests or other
      encumbrances at any time levied or placed on the Collateral (other than
      Permitted Liens or as otherwise permitted to exist under the Credit Agreement
      or
      any other Loan Document), and may pay for the maintenance and preservation
      of
      the Collateral to the extent any Grantor fails to do so as required by the
      Credit Agreement or this Agreement, and the Grantors agree to reimburse the
      Administrative Agent on demand for any payment made or any reasonable expense
      incurred by the Administrative Agent pursuant to the foregoing authorization
      and
      such payments and expenses shall be additional Obligations secured hereby;
      provided, however, that nothing in this Section 5.01(h)
      shall be interpreted as excusing any Grantor from the performance of, or
      imposing any obligation on the Administrative Agent or any Secured Party to
      cure
      or perform, any covenants or other promises of any Grantor with respect to
      taxes, assessments, charges, fees, Liens, security interests or other
      encumbrances and maintenance as set forth herein or in the other Loan
      Documents.

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

     

    SECTION
      5.02  Covenants
      Regarding Patent, Trademark and Copyright Collateral. 

     

    (a)      
      Patents.  Except as would not reasonably be expected to have a
      Material Adverse Effect, each Grantor agrees that it will not do any act or
      omit
      to do any act (and will prevent its licensees from doing any act or omitting
      to
      do any act) whereby any Patent that is necessary to the conduct of the Grantors’
business may become invalidated or dedicated to the public and agrees that
      it
      shall continue to mark any products covered by such Patent with the relevant
      patent number as necessary to establish and preserve its maximum rights under
      applicable patent law.

     

    (b)  Trademarks.
      Each Grantor (either itself or through its licensees or its sublicensees) will,
      for each Trademark necessary to the conduct of such Grantor’s business, use its
      commercially reasonable efforts to (i) maintain such Trademark in full force
      and
      effect, free from any claim of abandonment or invalidity for non-use, (ii)
      maintain the quality of products and services offered under such Trademark,
      and
      (iii) except as would not reasonably be expected to have a Material Adverse
      Effect, display such Trademark with notice of Federal or foreign registration
      to
      the extent necessary to establish and preserve its rights under applicable
      Law,
      unless in any such case such Grantor has determined that such Trademark is
      no
      longer material to the conduct of its business.  Each Grantor will not
      knowingly use or knowingly permit the use of any Trademark in violation of
      any
      third party rights, except as would not reasonably be expected to have a
      Material Adverse Effect.

     

    (c)  Copyrights.
      Except as would not reasonably be expected to have a Material Adverse Effect,
      each Grantor (either itself or through its licensees or its sublicensees) will,
      for each work covered by a registered Copyright material to the conduct of
      the
      Grantors’ business, continue to publish, reproduce, display, adopt and
      distribute the work with appropriate copyright notice as necessary and
      sufficient to establish and preserve its rights under applicable copyright
      laws,
      unless in any such case such Grantor has determined that the maintenance of
      such
      Copyright is not required for its business.

     

    (d)  Abandoned
      Intellectual Property. Except as would not reasonably be expected to have a
      Material Adverse Effect, each Grantor, or the Borrower, on behalf of the
      Grantors, shall notify the Administrative Agent promptly if it has actual
      knowledge that any Patent, registered Trademark or registered Copyright
      necessary to the conduct of its business may become abandoned, lost or dedicated
      to the public, or of any materially adverse determination or development
      (including the institution of, or any such determination or development in,
      any
      proceeding in the United States Patent and Trademark Office, United States
      Copyright Office or any court or similar office of any country) regarding such
      Grantor’s ownership of any such Patent, Trademark or Copyright, its right to
      register the same, or its right to keep and maintain the same unless in any
      such
      case such Grantor has determined that the maintenance of such Patent, Trademark
      or Copyright is not required for its business.

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

     

    (e)  Notice
      of Applications. In no event shall any Grantor, either itself or through any
      agent, employee, licensee or designee, file an application for any Patent or
      the
      registration of any Trademark or Copyright with the United States Patent and
      Trademark Office, United States Copyright Office or any office or agency in
      any
      political subdivision of the United States or in any other country or any
      political subdivision thereof, unless it promptly informs the Administrative
      Agent thereof, and, upon request of the Administrative Agent, executes and
      delivers any and all agreements, instruments, documents and papers as the
      Administrative Agent may reasonably request to evidence the Administrative
      Agent’s security interest in such Patent, Trademark or Copyright of such Grantor
      relating thereto or represented thereby, and each Grantor hereby appoints the
      Administrative Agent as its attorney-in-fact to execute and file such writings
      for the foregoing purposes, all such acts of such attorney being hereby ratified
      and confirmed; such power, being coupled with an interest, is
      irrevocable.

     

    (f)  Maintaining
      Applications and Registrations. Each Grantor will take all steps to the
      extent it deems reasonable and appropriate under the circumstances that are
      consistent with the practice in any proceeding before the United States Patent
      and Trademark Office, United States Copyright Office or any office or agency
      in
      any political subdivision of the United States or in any other country or any
      political subdivision thereof, to maintain and pursue each application relating
      to the Patents, Trademarks and/or Copyrights (and to obtain the relevant grant
      or registration) that is necessary to the conduct of such Grantor’s business and
      to maintain each issued Patent and each registration of Trademarks and
      Copyrights that is necessary to the conduct of such Grantor’s business,
      including timely filing of applications for renewal, affidavits of use,
      affidavits of incontestability and payment of maintenance fees, and, if
      consistent with good business judgment, to initiate opposition, interference
      and
      cancellation proceedings against third parties unless in any such case such
      Grantor has determined that the maintenance of such Patent, Trademark or
      Copyright is not required for its business.

     

    (g)  Misappropriation.
      In the event that any Grantor believes that any Collateral consisting of a
      material Patent, Trademark or Copyright is infringed, misappropriated or diluted
      by a third party, which infringement, misappropriation or dilution would
      reasonably be expected to have a Material Adverse Effect, such Grantor, by
      itself or through the Borrower, shall notify the Administrative Agent promptly
      after it learns thereof and shall take such actions as such Grantor deems
      reasonable and appropriate under the circumstances to protect such
      Collateral.

     

    (h)  Consents.
      Upon and during the continuance of an Event of Default, at the request of the
      Administrative Agent each Grantor shall use commercially reasonable efforts
      to
      obtain all requisite consents or approvals from the licensor under each license
      consisting of a Copyright License, Patent License or Trademark License that
      is
      necessary to the conduct of such Grantor’s business to effect the assignment of
      all such Grantor’s right, title and interest thereunder to the Administrative
      Agent or its designee.

     

    ARTICLE
      VI

     

    REMEDIES;
      RIGHTS UPON DEFAULT

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

     

    SECTION
      6.01  Remedies
      upon Default.  (a) Delivery of Collateral; Other Actions.
      Upon the occurrence and during the continuance of an Event of Default, each
      Grantor agrees to deliver all or any item of Collateral to the Administrative
      Agent on demand, and it is agreed that upon the occurrence and during the
      continuation of an Event of Default, the Administrative Agent shall have the
      right to take any of or all the following actions at the same or different
      times:  (i) with respect to any Collateral consisting of Intellectual
      Property, on demand, to cause the Security Interest to become an assignment,
      transfer and conveyance of any of or all such Collateral by the applicable
      Grantors to the Administrative Agent (except to the extent an assignment,
      transfer or conveyance thereof would result in a loss of said Intellectual
      Property), or to license or sublicense, whether general, special or otherwise,
      and whether on an exclusive or nonexclusive basis, any such Collateral
      throughout the world on such terms and conditions and in such manner as the
      Administrative Agent shall determine (other than in violation of any
      then-existing licensing arrangements to the extent that waivers cannot be
      obtained); (ii) with or without legal process and with or without prior notice
      or demand for performance, to take possession of the Collateral and without
      liability for trespass to enter any premises where the Collateral may be located
      for the purpose of taking possession of or removing the Collateral; (iii)
      enforce compliance with and take any and all action with respect to the Pledged
      Collateral and other Collateral to the fullest extent as though the
      Administrative Agent were the absolute owner thereof, including the right to
      receive distributions and other payments with respect to the Pledged Collateral
      and the other Collateral; and (iv) generally with respect to all Collateral,
      to
      exercise any and all rights afforded to a secured party under the Uniform
      Commercial Code or other applicable Law.  Without limiting the
      generality of the foregoing, each Grantor agrees that, upon the occurrence
      and
      during the continuance of an Event of Default, the Administrative Agent shall
      have the right to sell or otherwise dispose of all or any part of the Collateral
      at a public or private sale or at any broker’s board or on any securities
      exchange, for cash, upon credit or for future delivery as the Administrative
      Agent shall deem appropriate.  The Administrative Agent shall be
      authorized at any such sale of securities (if it deems it advisable to do so)
      to
      restrict the prospective bidders or purchasers to Persons who will represent
      and
      agree that they are purchasing the Collateral for their own account for
      investment and not with a view to the distribution or sale thereof, and upon
      consummation of any such sale of Collateral the Administrative Agent shall
      have
      the right to assign, transfer and deliver to the purchaser or purchasers thereof
      the Collateral so sold.  Each such purchaser at any such sale shall
      hold the property sold absolutely, free from any claim or right on the part
      of
      any Grantor, and each Grantor hereby waives and releases (to the extent
      permitted by law) all rights of redemption, stay, valuation and appraisal that
      such Grantor now has or may at any time in the future have under any rule of
      Law
      or statute now existing or hereafter enacted.

     

    (b)  Sale
      of Collateral. The Administrative Agent shall give the Borrower 10 days’
written notice (which each Grantor agrees is reasonable notice within the
      meaning of Section 9-611 of the UCC or its equivalent in other jurisdictions)
      of
      the Administrative Agent’s intention to make any sale of
      Collateral.  Such notice, in the case of a public sale, shall state
      the time and place for such sale and, in the case of a sale at a broker’s board
      or on a securities exchange, shall state the board or exchange at which such
      sale is to be made and the day on which the Collateral, or portion thereof,
      will
      first be offered for sale at such board or exchange.  Any such public
      sale shall be held at such time or times within ordinary business hours and
      at
      such place or places as the Administrative Agent may fix and state in the notice
      (if any) of such sale.  At any such sale, the Collateral, or portion
      thereof, to be sold may be sold in one lot as an entirety or in separate
      parcels, as the Administrative Agent may (in its sole and absolute discretion)
      determine.  The Administrative Agent shall not be obligated to make
      any sale of any Collateral if it shall determine not to do so, regardless of
      the
      fact that notice of sale of such Collateral shall have been
      given.  The Administrative Agent may, without notice or publication,
      adjourn any public or private sale or cause the same to be adjourned from time
      to time by announcement at the time and place fixed for sale, and such sale
      may,
      without further notice, be made at the time and place to which the same was
      so
      adjourned.  In case any sale of all or any part of the Collateral is
      made on credit or for future delivery, the Collateral so sold may be retained
      by
      the Administrative Agent until the sale price is paid by the purchaser or
      purchasers thereof, but the Administrative Agent shall not incur any liability
      in case any such purchaser or purchasers shall fail to take up and pay for
      the
      Collateral so sold and, in case of any such failure, such Collateral may be
      sold
      again upon like notice.  At any public (or, to the extent permitted by
      law, private) sale made pursuant to this Section 6.01, any Secured Party
      may bid for or purchase for cash, free (to the extent permitted by law) from
      any
      right of redemption, stay, valuation or appraisal on the part of any Grantor
      (all said rights being also hereby waived and released to the extent permitted
      by law), the Collateral or any part thereof offered for sale and such Secured
      Party may, upon compliance with the terms of sale, hold, retain and dispose
      of
      such property without further accountability to any Grantor
      therefor.  For purposes hereof, a written agreement to purchase the
      Collateral or any portion thereof shall be treated as a sale thereof; the
      Administrative Agent shall be free to carry out such sale pursuant to such
      agreement and no Grantor shall be entitled to the return of the Collateral
      or
      any portion thereof subject thereto, notwithstanding the fact that after the
      Administrative Agent shall have entered into such an agreement all Events of
      Default shall have been remedied and the Obligations paid in full in cash.
      As an
      alternative to exercising the power of sale herein conferred upon it, the
      Administrative Agent may proceed by a suit or suits at law or in equity to
      foreclose this Agreement and to sell the Collateral or any portion thereof
      pursuant to a judgment or decree of a court or courts having competent
      jurisdiction or pursuant to a proceeding by a court-appointed
      receiver.  Any sale pursuant to the provisions of this Section
      6.01 shall be deemed to conform to the commercially reasonable standards as
      provided in Section 9-610(b) of the UCC or its equivalent in other
      jurisdictions.

     

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

     

    (c)  Third
      Party Consent. Notwithstanding anything to the contrary contained in this
      Agreement, if any enforceable term of any promissory note, contract, agreement,
      permit, lease, license (including any License) or other General Intangible
      included as a part of the Collateral requires the consent of the Person
      obligated on such promissory note or any Person (other than the applicable
      Grantor) obligated on such lease, contract or agreement, or which has issued
      such permit or license or other General Intangible (i) for the creation,
      attachment or perfection of the Lien of this Agreement in such Collateral or
      (ii) for the assignment or transfer thereof or the creation, attachment or
      perfection of such Lien not to give rise to a default, breach, right of
      recoupment, claim, defense, termination, right of termination or other remedy
      thereunder, then the receipt of any such necessary consent shall be a condition
      to any exercise of remedies against such Collateral under this Section
      6.01  (but not to the creation, attachment or perfection of the
      Lien of this Agreement as provided herein).

     

    SECTION
      6.02  Application
      of Proceeds.  All cash proceeds received by the Administrative
      Agent in respect of any sale of, collection from, or other realization upon
      all
      or any part of the Collateral of any Grantor may, in the discretion of the
      Administrative Agent, be held, to the extent permitted under applicable Law,
      by
      the Administrative Agent as additional collateral security for all or any part
      of the Obligations of such Grantor, and/or then or at any time thereafter shall
      be applied (after payment of any amounts payable to the Administrative Agent
      pursuant to Section 10.04 of the Credit Agreement and Section 6.05
      hereof) in whole or in part by the Administrative Agent for the ratable benefit
      of the Secured Parties against all or any part of the Obligations of such
      Grantor in accordance with Section 8.03 of the Credit Agreement.  Any
      surplus of such cash or cash proceeds of any Grantor held by the Administrative
      Agent and remaining on the Termination Date for such Grantor shall be paid
      over
      to such Grantor or to whomsoever may be lawfully entitled to receive such
      surplus.

     

    
      
        
        

      

      
        30

        
          

        

      

      
        
        

      

    

     

    SECTION
      6.03  Grant
      of License to Use Intellectual Property.  Subject to any Licenses
      or other agreements with third parties that have been or may be entered into
      by
      any Grantor, for the purpose of enabling the Administrative Agent to exercise
      rights and remedies under this Agreement at such time as the Administrative
      Agent shall be lawfully entitled to exercise such rights and remedies, each
      Grantor hereby grants to the Administrative Agent an irrevocable, nonexclusive
      license for the term of this Agreement (exercisable without payment of royalty
      or other compensation to the Grantors) to use, license or sublicense any of
      the
      Collateral consisting of Intellectual Property now owned or hereafter acquired
      by such Grantor, wherever the same may be located, and including in such license
      reasonable access to all media in which any of the licensed items may be
      recorded or stored and to all computer software and programs used for the
      compilation or printout thereof.  The use of such license by the
      Administrative Agent may be exercised, at the option of the Administrative
      Agent, only upon the occurrence and during the continuation of an Event of
      Default; provided that any license, sublicense or other transaction
      entered into by the Administrative Agent in accordance herewith shall be binding
      upon the Grantors notwithstanding any subsequent cure of an Event of
      Default.

     

    SECTION
      6.04  Securities
      Act, etc.  In view of the position of the Grantors in relation to
      the Pledged Collateral, or because of other current or future circumstances,
      a
      question may arise under the Securities Act of 1933, as now or hereafter in
      effect, or any similar statute hereafter enacted analogous in purpose or effect
      (such Act and any such similar statute as from time to time in effect being
      called the “Federal Securities Laws”) with respect to any disposition of
      the Pledged Collateral or any Investment Property permitted
      hereunder.  Each Grantor understands that compliance with the Federal
      Securities Laws might very strictly limit the course of conduct of the
      Administrative Agent if the Administrative Agent were to attempt to dispose
      of
      all or any part of the Pledged Collateral or any Investment Property, and might
      also limit the extent to which or the manner in which any subsequent transferee
      of any Pledged Collateral or any Investment Property could dispose of the
      same.  Similarly, there may be other legal restrictions or limitations
      affecting the Administrative Agent in any attempt to dispose of all or part
      of
      the Pledged Collateral or any Investment Property under applicable Blue Sky
      or
      other state securities laws or similar laws analogous in purpose or
      effect.  Each Grantor recognizes that in light of such restrictions
      and limitations the Administrative Agent may, with respect to any sale of the
      Pledged Collateral or any Investment Property, limit the purchasers to those
      who
      will agree, among other things, to acquire such Pledged Collateral or any such
      Investment Property for their own account, for investment, and not with a view
      to the distribution or resale thereof.  Each Grantor acknowledges and
      agrees that in light of such restrictions and limitations, the Administrative
      Agent, when exercising remedies on behalf of the Secured Parties after an Event
      of Default has occurred and is continuing, (a) may proceed to make such a sale
      whether or not a registration statement for the purpose of registering such
      Pledged Collateral or Investment Property or part thereof shall have been filed
      under the Federal Securities Laws and (b) may approach and negotiate with a
      single potential purchaser to effect such sale.  Each Grantor
      acknowledges and agrees that any such sale might result in prices and other
      terms less favorable to the seller than if such sale were a public sale without
      such restrictions.  In the event of any such sale, the Administrative
      Agent shall incur no responsibility or liability for selling all or any part
      of
      the Pledged Collateral or Investment Property at a price that the Administrative
      Agent, in its sole and absolute discretion, may in good faith deem reasonable
      under the circumstances, notwithstanding the possibility that a substantially
      higher price might have been realized if the sale were deferred until after
      registration as aforesaid or if more than a single purchaser were
      approached.  The provisions of this Section 6.04 will apply
      notwithstanding the existence of a public or private market upon which the
      quotations or sales prices may exceed substantially the price at which the
      Administrative Agent sells.

     

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    

     

    SECTION
      6.05  Expenses;
      Indemnification.  

     

    (a)  Expenses.  The
      Grantors hereby jointly and severally agree to pay (i) all reasonable
      out-of-pocket expenses incurred by the Administrative Agent and its Affiliates
      (including the reasonable fees, charges and disbursements of counsel for the
      Administrative Agent), in connection with the preparation, negotiation,
      execution, delivery and administration of this Agreement and the other Loan
      Documents or any amendments, modifications or waivers of the provisions hereof
      or thereof (whether or not the transactions contemplated hereby or thereby
      shall
      be consummated), and (ii) all reasonable out-of-pocket expenses incurred by
      the
      Administrative Agent, or any Lender (including the fees, charges and
      disbursements of any counsel for the Administrative Agent or any Lender, in
      connection with the enforcement or protection of its rights in connection with
      this Agreement and the other Loan Documents, including, without limitation,
      the
      custody, preservation, use or operation of, or the sale of, collection from
      or
      other realization upon, any of the Collateral.

     

    (b)  Indemnity.
      Grantor hereby agrees to jointly and severally indemnify the Administrative
      Agent (and any sub-agent thereof), each Lender and each Related Party of any
      of
      the foregoing Persons (each such Person being called an “Indemnitee”)
      against, and hold each Indemnitee harmless from, any and all losses, claims,
      damages, liabilities and related reasonable out-of-pocket expenses (including
      the reasonable fees, charges and disbursements of any counsel for any
      Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee
      by
      any third party or by any Grantor arising out of, in connection with, or as
      a
      result of (i) the execution or delivery of this Agreement, any other Loan
      Document or any agreement or instrument contemplated hereby or thereby, the
      performance by the parties hereto of their respective obligations hereunder
      or
      thereunder or the consummation of the transactions contemplated hereby or
      thereby, or, in the case of the Administrative Agent (and any sub-agent thereof)
      and its Related Parties only, the administration of this Agreement and the
      other
      Loan Documents, (ii) any actual or alleged presence or release of Hazardous
      Materials on or from any property owned or operated by the any Grantor or any
      of
      its Subsidiaries, or any Environmental Liability related in any way to such
      Grantor or any of its Subsidiaries, or (iii) any actual or prospective claim,
      litigation, investigation or proceeding relating to any of the foregoing,
      whether based on contract, tort or any other theory, whether brought by a third
      party or by any Grantor or any such Grantor’s directors, shareholders or
      creditors, and regardless of whether any Indemnitee is a party thereto, in
      all
      cases, whether or not caused by or arising, in whole or in part, out of the
      comparative, contributory or sole negligence of the Indemnitee; provided
      that such indemnity shall not, as to any Indemnitee, be available to the extent
      that such losses, claims, damages, liabilities or related expenses (x) 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 or (y) result from a claim brought by any Grantor against an
      Indemnitee for breach in bad faith of such Indemnitee's obligations hereunder
      or
      under any other Loan Document, if such Grantor has obtained a final and
      nonappealable judgment in its favor on such claim as determined by a court
      of
      competent jurisdiction or (z) result from a claim brought by one Indemnitee
      against another Indemnitee.

     

    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    

     

    (c)  Survival.
      The obligations and agreements of the Grantors in this Section 6.05 shall
      survive the Termination Date and the repayment, satisfaction and discharge
      of
      the Obligations.

     

    ARTICLE
      VII

     

    MISCELLANEOUS

     

    SECTION
      7.01  Notices.  All
      notices and other communications provided for hereunder shall be in writing
      and
      mailed, delivered or transmitted by telecopies to each party hereto at the
      address set forth in Section 10.02 of the Credit Agreement (with any
      notice to any Grantor being delivered to such Grantor in care of the
      Borrower).  All such notices and other communications shall be deemed
      to be given or made at the times provided in Section 10.02 of the Credit
      Agreement.

     

    SECTION
      7.02  Amendments,
      etc.; Additional Grantors; Successors and Assigns.

     

    (a)  No
      amendment to or waiver of any provision of this Agreement nor consent to any
      departure by any Grantor herefrom, shall in any event be effective unless the
      same shall be in writing and signed by the Administrative Agent and, with
      respect to any such amendment, by the Grantors or the Borrower on behalf of
      itself and the Subsidiary Grantors, and then such waiver or consent shall be
      effective only in the specific instance and for the specific purpose for which
      given.  This Agreement shall be construed as a separate agreement with
      respect to each Grantor and may be amended, modified, supplemented, waived
      or
      released with respect to any Grantor without the approval of any other Grantor
      and without affecting the obligations of any other Grantor
      hereunder.

     

    (b)  Upon
      execution and delivery by the Administrative Agent and any Person of a Joinder
      Agreement, such Person shall become a Grantor hereunder with the same force
      and
      effect as if originally named as a Grantor herein.  The execution and
      delivery of any such Joinder Agreement shall not require the consent of any
      other Grantor hereunder.  The rights and obligations of each Grantor
      hereunder shall remain in full force and effect notwithstanding the addition
      of
      any new Grantor as a party to this Agreement.

     

    (c)  Upon
      the
      delivery by the Borrower and any other Grantor of a Security Agreement
      Supplement certifying supplements to the Schedules hereto in respect of any
      Grantor, such schedule supplements shall be incorporated into and become a
      part
      of and supplement the Schedules hereto and the Administrative Agent may attach
      such schedule supplements to such Schedules, and each reference to the Schedules
      shall mean and be a reference to such Schedules, as supplemented pursuant to
      any
      such Security Agreement Supplement.  For the avoidance of doubt, the
      delivery of any Security Agreement Supplement shall not effect any release
      of
      the security interest granted by any Grantor hereunder unless and until such
      release shall be effective pursuant to Section 3.07.

     

    
      
        
        

      

      
        33

        
          

        

      

      
        
        

      

    

     

    (d)  This
      Agreement shall be binding upon each Grantor and its successors, transferees
      and
      assigns and shall inure to the benefit of the Administrative Agent and each
      other Secured Party and their respective successors, transferees and permitted
      assigns; provided, however, that no Grantor may assign its
      obligations hereunder without the prior written consent of the Administrative
      Agent.

     

    SECTION
      7.03  Survival
      of Agreement.  All covenants, agreements, representations and
      warranties made by each Grantor in the Loan Documents and in the certificates
      or
      other instruments prepared or delivered in connection with or pursuant to this
      Agreement or any other Loan Document shall be considered to have been relied
      upon by the Lenders and shall survive the execution and delivery of the Loan
      Documents and the making of any Loans and the issuance of any Letters of Credit,
      regardless of any investigation made by any Lender or on its behalf and
      notwithstanding that the Administrative Agent, the L/C Issuer or any Lender
      may
      have had notice or knowledge of any Default or incorrect representation or
      warranty at the time any credit is extended under the Credit Agreement, and
      shall continue in full force and effect until the Termination Date for such
      Grantor or any earlier release of such Grantor hereunder pursuant to Section
      3.07(b).

     

    SECTION
      7.04  Administrative
      Agent Appointed Attorney-in-Fact.  Each Grantor
      hereby appoints the Administrative Agent the attorney-in-fact of such Grantor
      for the purpose, upon the occurrence and during the continuance of an Event
      of
      Default, of carrying out the provisions of this Agreement and taking any action
      and executing any instrument that the Administrative Agent may deem necessary
      or
      advisable to accomplish the purposes hereof, which appointment is irrevocable
      and coupled with an interest.  Without limiting the generality of the
      foregoing, the Administrative Agent shall have the right, upon the occurrence
      and during the continuance of an Event of Default, with full power of
      substitution either in the Administrative Agent’s name or in the name of such
      Grantor, (a) to receive, endorse, assign and/or deliver any and all notes,
      acceptances, checks, drafts, money orders or other evidences of payment relating
      to the Collateral or any part thereof, (b) to demand, collect, receive payment
      of, give receipt for and give discharges and releases of all or any of the
      Collateral, (c) to ask for, demand, sue for, collect, receive and give
      acquittance for any and all moneys due or to become due under and by virtue
      of
      any Collateral, (d) to sign the name of any Grantor on any invoice or bill
      of
      lading relating to any of the Collateral, (e) to send verifications of Accounts
      to any Account Debtor, (f) to commence and prosecute any and all suits, actions
      or proceedings at law or in equity in any court of competent jurisdiction to
      collect or otherwise realize on all or any of the Collateral or to enforce
      any
      rights in respect of any Collateral, (g) to settle, compromise, compound, adjust
      or defend any actions, suits or proceedings relating to all or any of the
      Collateral, (h) to notify, or to require any Grantor to notify, Account Debtors
      to make payment directly to the Administrative Agent, and (i) to use, sell,
      assign, transfer, pledge, make any agreement with respect to or otherwise deal
      with all or any of the Collateral, and to do all other acts and things necessary
      to carry out the purposes of this Agreement, as fully and completely as though
      the Administrative Agent were the absolute owner of the Collateral for all
      purposes; provided, that nothing herein contained shall be construed as
      requiring or obligating the Administrative Agent to make any commitment or
      to
      make any inquiry as to the nature or sufficiency of any payment received by
      the
      Administrative Agent, or to present or file any claim or notice, or to take
      any
      action with respect to the Collateral or any part thereof or the moneys due
      or
      to become due in respect thereof or any property covered thereby.  The
      Administrative Agent and the other Secured Parties shall be accountable only
      for
      amounts actually received as a result of the exercise of the powers granted
      to
      them herein, and neither they nor their officers, directors, employees or agents
      shall be responsible to any Grantor for any act or failure to act hereunder,
      except for their own gross negligence or willful misconduct.

     

    
      
        
        

      

      
        34

        
          

        

      

      
        
        

      

    

     

    SECTION
      7.05  Counterparts.  This
      Agreement may be executed in counterparts (and by different parties hereto
      in
      different counterparts), each of which shall constitute an original, but all
      of
      which when taken together shall constitute a single contract.  This
      Agreement and the other Loan Documents constitute the entire contract among
      the
      parties relating to the subject matter hereof and supersede any and all previous
      agreements and understandings, oral or written, relating to the subject matter
      hereof.  This Agreement shall become effective when it shall have been
      executed by the Administrative Agent and when the Administrative Agent shall
      have received counterparts hereof that, when taken together, bear the signatures
      of each of the other parties hereto.  Delivery of an executed
      counterpart of a signature page of this Agreement by telecopy or other
      electronic transmission shall be effective as delivery of a manually executed
      counterpart of this Agreement.

     

    SECTION
      7.06  Severability.  If
      any provision of this Agreement is held to be illegal, invalid or unenforceable,
      (a) the legality, validity and enforceability of the remaining provisions of
      this Agreement  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.

     

    SECTION
      7.07  GOVERNING
      LAW; JURISDICTION; ETC.

     

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

     

    (b)  SUBMISSION
      TO JURISDICTION.  EACH GRANTOR IRREVOCABLY AND UNCONDITIONALLY
      SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE
      COURTS OF THE STATE OF GEORGIA SITTING IN FULTON COUNTY AND OF THE UNITED STATES
      DISTRICT COURT OF THE NORTHERN DISTRICT OF SUCH STATE, AND ANY APPELLATE COURT
      FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO
      THIS
      AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF
      ANY
      JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES
      THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND
      DETERMINED IN SUCH GEORGIA STATE COURT OR, TO THE FULLEST EXTENT PERMITTED
      BY
      APPLICABLE LAW, IN SUCH FEDERAL COURT.  EACH OF THE PARTIES HERETO
      AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE
      CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT
      OR
      IN ANY OTHER MANNER PROVIDED BY LAW.  NOTHING IN THIS AGREEMENT OR IN
      ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT,
      ANY LENDER OR THE L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR
      PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY
      LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

     

    
      
        
        

      

      
        35

        
          

        

      

      
        
        

      

    

     

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

     

    (d)  SERVICE
      OF PROCESS.  EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF
      PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02 OF THE CREDIT
      AGREEMENT.  NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY
      PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE
      LAW.

     

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

     

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

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

     

    SECTION
      7.10  Mortgages.  In
      the event that any of the Collateral hereunder is also subject to a valid and
      enforceable Lien under the terms of any Mortgage and the terms of such Mortgage
      are inconsistent with the terms of this Agreement, then with respect to such
      Collateral, the terms of such Mortgage shall be controlling in the case of
      Fixtures and real estate leases, letting and licenses of, and contracts and
      agreements relating to the lease of, real property covered by such Mortgage,
      and
      the terms of this Agreement shall be controlling in the case of all other
      Collateral.

     

    SECTION
      7.11  No
      Waiver; Remedies.  No failure or delay by the Administrative Agent
      or any other Secured Party in exercising any right, power or remedy hereunder
      or
      under any other Loan Document shall operate as a waiver thereof, nor shall
      any
      single or partial exercise of any such right, power or remedy, or any
      abandonment or discontinuance of steps to enforce such a right, power or remedy,
      preclude any other or further exercise thereof or the exercise of any other
      right, power or remedy.  The rights, powers and remedies of the
      Administrative Agent, the L/C Issuer and the Lenders hereunder and under the
      other Loan Documents are cumulative and are not exclusive of any rights, powers
      or remedies that they would otherwise have.  Without limiting the
      generality of the foregoing, the making of a Loan or the issuance of a Letter
      of
      Credit shall not be construed as a waiver of any Default, regardless of whether
      the Administrative Agent, any Lender or the L/C Issuer may have had notice
      or
      knowledge of such Default at the time.  No notice or demand on any
      Loan Party in any case shall entitle any Loan Party to any other or further
      notice or demand in similar or other circumstances.

     

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

     

    [Signature
      pages to follow]

    
      
        
        

      

      
        37

        
          

        

      

      
        
        

      

    

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

     

     

    
      	 	 	
              INTERNAP
                NETWORK SERVICES CORPORATION

            	 
	 	 	 	 
	 	 	 	 
	 	 	
              By:  /s/
                David A. Buckel

            	 
	 	 	
              Name:  David
                A. Buckel

            	 
	 	 	
              Title:
                Vice President and Chief Executive Officer

            	 
	 	 	 	 
	 	 	 	 
	 	 	
              PLAYSTREAM,
                INC.

            	 
	 	 	 	 
	 	 	 	 
	 	 	
              By:  /s/
                David A. Buckel

            	 
	 	 	
              Name:  David
                A. Buckel

            	 
	 	 	
              Title:
                Treasurer

            	 
	 	 	 	 
	 	 	 	 
	 	 	
              VITALSTREAM,
                INC.

            	 
	 	 	 	 
	 	 	 	 
	 	 	
              By:  /s/
                David A. Buckel

            	 
	 	 	
              Name:  David
                A. Buckel

            	 
	 	 	
              Title:
                Treasurer

            	 
	 	 	 	 
	 	 	 	 
	 	 	
              VITALSTREAM
                ADVERTISING SERVICES, INC.

            	 
	 	 	 	 
	 	 	 	 
	 	 	
              By:  /s/
                David A. Buckel

            	 
	 	 	
              Name:  David
                A. Buckel

            	 
	 	 	
              Title:
                Treasurer

            	 
	 	 	 	 
	 	 	 	 
	 	 	
              VITALSTREAM
                HOLDINGS, INC.

            	 
	 	 	 	 
	 	 	 	 
	 	 	
              By:  /s/
                David A. Buckel

            	 
	 	 	
              Name:  David
                A. Buckel

            	 
	 	 	
              Title:
                Treasurer

            	 
	 	 	 	 
	 	 	 	 
	 	 	
              BANK
                OF AMERICA, N.A.,

            	 
	 	 	
              as
                administrative agent

            	 
	 	 	 	 
	 	 	 	 
	 	 	
              By:  /s/
                Ken Bauchle

            	 
	 	 	
              Name:  Ken
                Bauchle

            	 
	 	 	
              Title:
                Senior Vice President

            	 

    

     

     

    Security
      Agreement

    Signature
      Page

    S-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]