Document:

exv10w2

Exhibit 10.2

EMPLOYMENT AGREEMENT

     This agreement (“Agreement”) is made as of the 31st day of May, 2011 between Tufco
Technologies, Inc., a Delaware corporation (“Tufco”), and James F. Robinson (the “Employee”).

RECITALS

     Tufco desires to employ the Employee and the Employee desires to become an employee of Tufco,
upon the terms and conditions hereinafter set forth.

WITNESSETH:

     NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the
parties hereto, each intending to be legally bound hereby, agree as follows:

	1.	 	Employment

     During the term of employment under this Agreement (the “Employment Term”), the Employee shall
perform the duties of President and Chief Executive Officer of Tufco and shall perform such duties
and responsibilities as may be assigned to him from time to time by the Board of Directors of Tufco
(the “Board”) and the Chairman of the Board.

	2.	 	Performance

     During the Employment Term, the Employee shall devote his entire business efforts to the
performance of his duties hereunder.

	3.	 	Term

     Unless otherwise terminated in accordance with Sections 5 or 6, the Employment Term shall be
for an initial term of one year commencing on September 19, 2011, and continuing thereafter for
successive one-year renewal terms.

	4.	 	Compensation for Employment

     (a) The basic annual compensation of the Employee for his employment services to Tufco and to
all of its affiliated companies during the Employment Term shall be $200,000 (the “Salary”), which
Tufco shall pay to the Employee in accordance with its normal payroll policy. Tufco may adjust the
Salary upward on an annual basis as the Board may determine, but the Salary shall not be decreased.

     (b) During the Employment Term, Tufco shall pay the Employee a bonus in accordance with this
paragraph (b). For each fiscal year during the Employment Term, the Board, in its sole discretion,
shall establish a target for pre-tax income in accordance with generally accepted accounting
principles consistently applied (“GAAP”) and the Employee’s bonus will vary as a percentage of
Salary in relation to the percentage achievement of that target as follows:

 

 

	 	 	 	 	 
	Percentage of Target Attained	 	Percentage of Salary Earned as Bonus
	Below 80%
	 	 	0.0	%
	80%
	 	 	20	%
	90%
	 	 	27.5	%
	100%
	 	 	35	%
	110%
	 	 	42.5	%
	120% and above
	 	 	50	%

For a percentage of budget achievement between the benchmarks, the percentage of Salary shall be
linearly interpolated, provided that no bonus is paid for achievement less than 80% of target and
the maximum bonus shall be 50% of Salary in any event. In the case of partial fiscal year, Tufco
shall adjust the bonus to correspond to Tufco’s target and the Salary for the portion of the
applicable fiscal year that shall be included in the Employment Term. Notwithstanding the
foregoing, the Employee’s initial bonus period (the “Initial Bonus Period”) shall be the period
starting with October 1, 2011 and ending September 30, 2012, and Tufco shall use its target for
that period to determine the Employee’s eligibility for a bonus, and then apply the applicable
bonus percentage to that portion of the Employee’s annual Salary that relates to the Initial Bonus
Period. Any bonus earned by the Employee with respect to a bonus period shall be paid to the
Employee no later than March 15 of the year following the year in which the bonus period ended.

     (c) During the Employment Term, Tufco shall reimburse the Employee for any reasonable business
expenses incurred on Tufco’s behalf in connection with the performance of his services during the
Employment Term. Such reimbursement shall be made no later than the end of the year following the
year in which the underlying business expense was incurred. In addition, no reimbursement shall be
subject to liquidation or exchange for another benefit and the amount available for reimbursement
during any calendar year shall not affect the amount available for reimbursement in a subsequent
calendar year.

     (d) Stock Options. Options may be granted periodically to selected Tufco executives
for superior performance at the sole discretion of the Board, subject to options availability
determined by and at the sole discretion of the Compensation Committee of the Board. The timing,
the exercise price, as well as the vesting period and the number of options (if any) will be
determined annually by the Compensation Committee of the Board.

5. Termination Without Compensation

     (a) Non-Renewal of Term. The Employment Term may be terminated by Employee by giving
written notice of the intention to terminate the Employment Term at least 120 days prior to the
proposed termination date.

     (b) Partial or Total Disability. If the Employee is unable, with or without
reasonable accommodation, to perform his duties and responsibilities hereunder to the full extent
required hereunder by reason of illness, injury or incapacity for six months (during which time he
shall continue to be compensated hereunder), Tufco may terminate the Employee Term, and Tufco shall
not have any further liability or obligation to the Employee hereunder except for any unpaid

2

 

Salary and Fringe Benefits accrued to the date of termination. In the event of any dispute
under this Section 6(b), the Employee shall submit to a physical examination by a licensed
physician mutually satisfactory to Tufco and the Employee, the cost of such examination to be paid
by Tufco, and the determination of such physician shall be determinative. If, after termination
due to disability as provided herein, the Employee obtains, at his sole expense, medical
certification from a licensed physician reasonably satisfactory to Tufco that such disability has
ended, Tufco shall offer to employ the Employee pursuant to the terms of this Agreement for the
remainder of the initial term or any renewal term in effect at the time of termination, except that
Tufco shall not be required to reemploy the Employee at the same position if Tufco shall have
elected another person to such position during the period.

     (c) Death. If the Employee dies, this Agreement (except for the provisions of
Sections 6, 10 and 11 hereof) shall terminate and therefore Tufco shall not have any further
liability or obligation to the Employee, his executors, administrators, heirs, assigns or any other
person claiming under or through him except for unpaid Salary and Fringe Benefits accrued to the
date of his death.

     (d) Cause. Tufco may terminate the Employment Term for “cause” by giving the Employee
30 days’ notice of the termination date, and thereafter Tufco shall not have any further liability
or obligation to the Employee. For purposes of this Agreement, “Cause” shall mean the failure of
the Employee to observe or perform (other than by reason of illness, injury or incapacity) any of
the material terms or provisions of this Agreement, dishonesty, willful misconduct, material
neglect of Tufco’s business, or conviction of a crime or offense involving circumstances
substantially related to the circumstances of Employee’s employment.

6. Termination With Compensation

     (a) Non-Renewal of Term. The Employment Term may be terminated by either party hereto
as of the end of the initial term or any renewal term then in effect by giving written notice of
the intention to terminate the Employment Term at least 90 days prior to the proposed termination
date. If Tufco terminated the Employment Term under such circumstances, Tufco shall provide the
Employee with the Termination Compensation specified in Section 6(c).

     (b) Without Cause. Tufco shall have the right to terminate the employment Term
without Cause at any time by giving the Employee 30 days’ notice of the termination date. Under
such circumstances, Tufco shall provide the Employee with the Termination Compensation specified in
Section 6(c).

     (c) Termination Compensation. The “Termination Compensation” shall consist of the
following: In the case of a termination by Tufco under Sections 6(a) or 6(b), payment of the
Employee’s Salary under Section 4(a), at the level in effect at the date of termination, for one
(1) year, payable in accordance with the normal payroll policy of Tufco. The employee shall not be
entitled to any Termination Compensation under this Section 6 unless the Employee executes and
delivers to Tufco a release in a form satisfactory to Tufco in its sole discretion by which the
Employee releases Tufco and its past, present, and future direct and indirect subsidiaries,
parents, shareholders, affiliates (including but not limited to, Tufco Technologies, Inc, Overseas
Equity Investors Ltd, Bradford Ventures Ltd, Bradford Venture Partners, L.P., Bradford Associates,

3

 

Bradford Equities Management, LLC, and all affiliates and related parties of the foregoing),
all of the foregoing entities’ successors and/or assigns, all of the foregoing entities’ officers,
directors, owners, partners, employees, agents, representatives, insurers, benefit plans (including
such plans’ sponsors, administrators and fiduciaries), and the like, and any other person/entity
claimed to be jointly and or severally liable with any of the foregoing persons/entities with
respect claims or through which Tufco has acted, directly or indirectly in its dealings with the
Employee, from any obligations and liabilities of any type whatsoever (except for Tufco’s
obligation to provide the Salary specified in this Section 6). The Employee must execute and
deliver such release to Tufco within sixty (60) days after his termination of employment and such
release must become effective (with all revocation periods having expired) during such sixty (60)
day period; provided, that if such sixty (60) day period begins in one taxable year and ends in a
subsequent taxable year, the payment of the Termination Compensation shall not commence until such
subsequent taxable year. The parties hereto acknowledge that the Salary to be provided under this
Section 6 is to be provided in consideration for the above-specified release.

     (d) Exclusivity. Upon any termination by Tufco under Section 6(a) or Section 6(b),
Tufco shall not have any obligation to the Employee, his executors, administrators, heirs, assigns
or any other person claiming under or through his other than to provide the Termination
Compensation under the terms and conditions of section 6(c). Upon any termination by the Employee
under Section 6(a), Tufco shall not have further liability or obligation to the Employee, his
executors, administers, heirs, assigns or any other person claiming under or through him except to
provide to the Employee any unpaid Salary and Fringe Benefits that shall have accrued through the
date of termination.

7. Agreement Not to Compete

     (a) During the Non-Competition Period (defined below), the Employee shall not, within the
Restricted Area (defined below), directly or indirectly, in any capacity, render his services,
engage or have a financial interest in, any business that is competitive with any of those business
activities in which Tufco or any of its subsidiaries or affiliates shall have been engaged during
his employment by it, including, but not limited to, the manufacturing, packaging and distribution
of wet and dry wipes, flexographic wide-web printing, and slitting and rewinding, nor shall the
Employee assist any person or entity that is engaged in such business, including by making Tufco
Information (defined below) available to any such person or entity. In addition, during the
Non-Competition Period, the Employee shall not directly or indirectly solicit or otherwise
encourage any of the employees of any Tufco Party (defined below) to terminate their employment
with the applicable Tufco Party. As used herein, the “Restricted Area” means the United States of
America. The “Non-Competition Period” means the period equal to the sum of (A) the period of the
Employee’s employment hereunder, (B) any period during which the Employee is paid any Termination
Compensation (defined above) and (C) an additional one year after the end of the later of the
period in clauses (A) and (B).

     (b) The terms of this Section 5 shall apply to Employee and any person, partnership,
association, corporation or other entity (collectively, a “Person”) controlled by the Employee,
including any relative of the Employee, to the same extent as if they were parties hereto, and the

4

 

Employee shall take whatever actions may be necessary to cause any such persons or entities to
adhere to the terms of this Section 5.

     (c) In the event of the voluntary or involuntary bankruptcy of Tufco or the filing of a plan
for reorganization by Tufco resulting in the termination of the contract of employment or a
situation giving rise to circumstances by which Tufco fails to make any payment of compensation set
forth in this Agreement, Employee shall be relieved of all obligations under this Agreement
relating to covenants against competition as set forth in this Section 7.

     (d) Nothing herein shall be construed to limit or conflict with the restrictions on
competition contained within the “Agreement on Trade Secrets, Confidentiality and Business Ideas”
executed by Employee on February 11, 2011 and attached hereto as Exhibit A.

8. Inventions. Designs and Product Developments

     (a) All inventions, innovations, designs, ideas and product developments (collectively, the
“Developments”), developed or conceived by the Employee, solely or jointly with others, whether or
not patentable or copyrightable, at any time during the Employment Term and that relate to the
actual or planned business activities of Tufco, or any of its subsidiaries or affiliates (any such
party is referred to herein as a “Tufco Party”) and all of the Employee’s right, title and interest
therein, shall be the exclusive property of the applicable Tufco Party. The Employee hereby
assigns, transfers and conveys to any applicable Tufco Party all of his right, title and interest
in and to any and all such Developments. As requested from time to time by the Board, the Employee
shall disclose fully, as soon as practicable and in writing, all Developments to the Board. At any
time and from time to time, upon request of any of the Board, the Employee shall execute and
deliver to Tufco any and all instruments, documents and papers, give evidence and do any and all
other acts that, in the opinion of counsel for Tufco, are or may be necessary or desirable to
document such transfer or to enable any applicable Tufco Party to file and prosecute applications
for and to acquire, maintain and enforce any and all patents, trademark registrations or copyrights
under United States or foreign law with respect to any such Developments or to obtain any
extension, validation, reissue, continuance or renewal of any such patent, trademark, or copyright.
The applicable Tufco Party will be responsible for the preparation of any such instruments,
documents and paper and for the prosecution of any such proceedings and will reimburse the Employee
for all reasonable expenses incurred by him in compliance with the provisions of this Section.

     (b) Nothing herein shall be construed to limit or conflict with the provisions pertaining to
“Business Ideas” within the “Agreement on Trade Secrets, Confidentiality, and Business Ideas”
executed by Employee on February 11, 2011 and attached hereto to as Exhibit A.

9. Confidential Information

     (a) The Employee has had and will have possession of or access to confidential information
relating to the business of one or more Tufco Parties, including writings, equipment, processes,
drawings, reports, manuals, invention records, financial information, business plans, customer
lists, the identity of or other facts relating to prospective customers, inventory lists,

5

 

arrangements with suppliers and customers, computer programs, or other material embodying
trade secrets, customer or product information or technical or business information of certain
Tufco Parties. All such information, other than any information that is in the public domain
through no act or omission of the Employee or which he is authorized to disclose, is referred to
collectively as the “Tufco Information”. During and after the Employment Term, the Employee shall
not (I) use or exploit in any manner the Tufco Information for himself or any Person other than a
Tufco Party (II) remove any Tufco Information, or any reproduction thereof, from the possession or
control of any Tufco Party or (III) treat Tufco information other than in a confidential manner.

     (b) All Tufco Information developed, created or maintained by the Employee, alone or with
others while employed by Tufco, and all Tufco Information maintained by the Employee thereafter,
shall remain at all times the exclusive property of the applicable Tufco Party. The Employee shall
return to Tufco all Tufco Information, and reproductions thereof, whether prepared by him or
others, that are in his possession immediately upon request and in any event upon the completion of
his employment by Tufco.

     (c) Nothing herein shall be construed to limit or conflict with the provisions pertaining to
“Confidential Information” within the “Agreement on Trade Secrets, Confidentiality, and Business
Ideas” executed by Employee on February 11, 2011 and attached hereto to as Exhibit A.

10. Remedies

     The Employee expressly acknowledges that the remedy at law for any breach of Section 7, 8 or 9
will be inadequate and that upon any such breach or threatened breach, Tufco (or the applicable
Tufco Party) shall be entitled as a matter of right to injunctive relief in any court of competent
jurisdiction, in equity or otherwise, and to enforce the specific performance of the Employee’s
obligations under these provisions without the necessity of proving the actual damage or the
inadequacy of a legal remedy. Subject to the remainder of this Section 10, the rights conferred
upon Tufco (and any Tufco Party) by the preceding sentence shall not be exclusive of, but shall be
in addition to, any other rights or remedies which Tufco may have at law, in equity or otherwise.

	11.	 	Survival

     Notwithstanding the termination of the Employment Term pursuant to Section 5 or 6, the
obligations of the Employee under Sections 7, 8 and 9 hereof shall survive and remain in full force
and effect and Tufco shall be entitled to relief against the Employee pursuant to the provisions of
Section 10 hereof.

12. General

     (a) Governing Law. The terms of this Agreement shall be governed by the laws of the
State of Wisconsin.

     (b) Section 409A Compliance.

6

 

          (i) It is intended that any income to the Employee provided by Tufco (including, without
limitation, any equity awards and other compensation) will not be subject to interest and
additional tax under Section 409A of the Internal Revenue Code of 1986, as amended (“Code Section
409A”). This Agreement will be interpreted and construed in favor of its meeting any applicable
requirements of Code Section 409A. Tufco, in its reasonable discretion, may amend (including
retroactively) this Agreement to comply with Code Section 409A. The preceding provisions shall not
be construed as a guarantee by Tufco of any particular tax effect for any income to the Employee
provided by Tufco (including, without limitation, any equity awards and other compensation). Tufco
will have no responsibility for the payment of any applicable taxes on income to Employee
(including, without limitation, any equity awards and other compensation). For purposes of Code
Section 409A, a right to a series of installment payments under this Agreement shall be treated as
a right to a series of separate payments.

          (ii) Notwithstanding anything herein to the contrary, if the Employee separates from service
while the Employee is a “specified employee” (as defined under Code Section 409A), any payment of
any amount payable on account of “separation from service” which is “deferred compensation” (each,
as defined under Treasury Regulation Section 1.409A-1(b)(1), after giving effect to the exemptions
in Treasury Regulation Sections 1.409A-1(b)(3) through (b)(12)), that is scheduled to be paid
within six (6) months after such separation from service shall be paid on the six (6) month
anniversary of such separation from service or, if earlier, upon the Employee’s death.

     (c) Interpretation. Unless the context of this Agreement clearly requires otherwise,
(I) references to the plural include the singular, and to the singular include the plural, (II)
“or” has the inclusive meaning frequently identified with the phrase “and/or” and (III) “including”
has the inclusive meaning frequently identified with the phrase “but not limited to”. The section
and other headings contained in this Agreement are for reference purposes only and shall not
control or affect the construction of this Agreement or the interpretation thereof in any respect.
Section, subsection, schedule and exhibit references are to this Agreement unless otherwise
specified. Each accounting term used herein that is not specifically defined herein shall have the
meaning given to it under GAAP.

     (d) Binding Effect. All of the terms and provisions of this Agreement shall be
binding upon and inure to the benefit and be enforceable by the respective heirs, representatives,
successors (including any successor as a result of a merger or similar reorganization) and assigns
of the parties hereto, except that the duties and responsibilities of the Employee hereunder are of
a personal nature and shall not be assignable in whole or in part by the Employee. Any Tufco Party
other than Tufco is a third party beneficiary of this Agreement and may enforce the provisions of
this Agreement that pertain to such Tufco Party, including Sections 7, 8 and 9, to the same extent
as if a party hereto.

     (e) Notices. All notices required to be given under this Agreement shall be in
writing and shall be deemed to have been given when personally delivered or when mailed by
registered or certified mail, postage prepaid, return receipt requested, or when sent by Federal
Express or other overnight delivery service, addressed as follows:

	 	 	 	 	 

	 

	 	TO EMPLOYEE:
	 	TO:
	 
	 

	 	1534 Diamond Ct.
	 	Tufco Technologies, Inc.
	 

	 	Green Bay, WI 54311
	 	3161 South Ridge Road

Green Bay, WI 54304-5626

Attn: Mr. Robert J. Simon, Chairman

     (f) Entire Agreement; Termination of Prior Agreement Modification. This Agreement
constitutes the entire agreement of the parties hereto with respect to the subject matter hereof
and supersedes all prior agreements with respect to the subject matter hereof including, but not
limited to, the Employment Agreement by and between the Employee and Tufco L.P. dated October 11,
2010. This Agreement may not be modified or amended in any way except in writing by the parties
hereto.

     (g) Duration. Notwithstanding the termination of the Employment Term and of the
Employee relationship with Tufco, this Agreement shall continue to bind the parties for so long as
any obligations remain under this Agreement, and in particular, the Employee shall continue to be
bound by the terms of Sections 7, 8 and 9.

     (h) Waiver. No waiver of any breach of this Agreement shall be construed to be a
waiver as to succeeding breaches.

     (i) Severability. If any provision of this Agreement or application thereof to anyone
under any circumstances is adjudicated to be invalid or unenforceable in any jurisdiction, such
validity or unenforceability shall not affect any other provisions or applications of this
Agreement which can be given effect without the invalid or unenforceable provision or application
and shall not invalidate or render unenforceable such provision in any other jurisdiction.

     (j) Counterparts. This Agreement may be signed in any number of counterparts, each of
which shall be an original, with the same effect as if the signatures hereto were upon the same
instrument.

[Signature Page Follows.]

7

 

     IN WITNESS WHEREOF, the parties, hereto intending to be legally bound, have hereunto duly
executed this Agreement the day and year first written above.

	 	 	 	 	 

	TUFCO TECHNOLOGIES, INC.	 	EMPLOYEE
	 
	 	 	 	 
	By:

	 	/s/ Robert J. Simon
	 	/s/ James F. Robinson
	 

	 	 
	 	 
	 

	 	Robert J. Simon 

Chairman of the Board
	 	James F. Robinson
	 
	 	 	 	 
	May 31, 2011	 	May 31, 2011

8

 

Exhibit A

Agreement on Trade Secrets, Confidentiality and Business Ideas

THIS AGREEMENT is made and entered into by and between the undersigned employee (“Employee”) and
Tufco Technologies, Inc. (the “Company”).

In consideration of the continued employment of Employee and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, Employee and the Company hereby agree
as follows:

1. Confidentiality Obligations. During the term of Employee’s employment, Employee will not
directly or indirectly use or disclose any Confidential Information or Trade Secret except in the
interest and for the benefit of the Company. After the end of Employee’s employment with the
Company, for whatever reason, Employee will not directly or indirectly use or disclose any Trade
Secret. For a period of 24 months following the end of Employee’s employment with the Company, for
whatever reason, Employee will not directly or indirectly use or disclose any Confidential
Information. Employee further agrees not to use or disclose at any time information received by the
Company from others except in accordance with the Company’s contractual or other legal obligations
respecting third parties; the Company’s customers are third party beneficiaries of this promise.
Nothing in this Agreement shall prevent Employee, after the end of employment with the Company,
from using general skills and knowledge gained while employed by the Company.

2. Restrictions on Competition.

2.1 During Employment. During the term of his/her employment with the Company, Employee
will not directly or indirectly compete against the Company, or directly or indirectly divert or
attempt to divert Customers’ or potential customers’ business from the Company anywhere the Company
does or is taking steps to do business.

2.2
 Following Employment. For 18 months following the end of his/her employment with the
Company, due to cause or voluntary termination, Employee agrees not to directly or indirectly
attempt to sell to any Restricted Customer any goods or services of the type or substantially
similar to the type sold by the Company during the 18 months prior to termination of his/her
employment for any Restricted Customer physically located within the United States.

3. Definitions.

3.1
 Trade Secret. The term “Trade Secret” has that meaning set forth under applicable law.
The term includes, but is not limited to, all computer source code created by or for the Company.

3.2 Confidential Information. The term “Confidential Information” means all non-Trade
Secret information of, about or related to the Company or provided to the Company by its customers
that is not known generally to the public or the Company’s competitors. Examples of Confidential
Information include the following: information about products under development, research,
development or business plans, production processes, manufacturing techniques, equipment design and
layout, test results, financial information, customer lists, information about orders from and
transactions with customers, sales and marketing strategies and plans, pricing strategies,
information relating to sources of materials and production costs, personnel information and
business records; and information which is marked or otherwise designated as confidential or
proprietary by the Company.

3.3 Exclusions. Notwithstanding the foregoing, the terms “Trade Secret” and “Confidential
Information” do not include, and the obligations set forth in this Agreement do not apply to, any
information which: (i) can be demonstrated by Employee to have been known by him/her prior to
his/her employment by the Company; (ii) is or becomes generally available to the public through no
act or omission of Employee; (iii) is obtained by Employee in good faith from a third party who
discloses such information to Employee on a non-confidential basis without violating any obligation
of confidentiality or secrecy relating to the information disclosed; (iv) is independently
developed by Employee outside the scope of his/her employment without use of Confidential
Information or Trade Secrets; or (v) is Employee’s personnel information.

3.4 Customer. The term “Customer” means any individual or entity for whom/which the Company has
provided services or products or made a proposal to perform services or provide products.

3.5
 Restricted Customer. “Restricted Customer” means any individual or entity for
whom/which the Company provided services or products and with whom/which the Employee had contact
on behalf of the Company during the 18 months preceding the end, for whatever reason, of Employee’s
employment.

 

 

3.6 Cause. The term “Cause” means any breach of this Agreement, act of dishonesty,
insubordination, violation of Company policy or conviction of a crime, the circumstances of which
substantially relate to Employee’s job.

3.7 Business Ideas. The term “Business Ideas” means all ideas, designs, modifications,
formulations, specifications, concepts, know-how, trade secrets, discoveries, inventions, data,
software, developments and copyrightable works, whether or not patentable or registrable, which
Employee originates or develops, either alone or jointly with others while Employee is employed by
the Company and which are (i) related to any business known to Employee to be engaged in or
contemplated by the Company; (ii) originated or developed during Employee’s working hours; or
originated or developed in whole or in part using materials, labor, facilities or equipment
furnished by the Company.

4. Return of Property and Records Upon the end of employment with the Company, for whatever reason,
or upon request by the Company, Employee shall immediately return to the Company all property,
documents, records, and materials owned by, belonging and/or relating to the Company (except
Employee’s own personnel and wage and benefit materials relating solely to Employee), and all
copies of all such materials. Upon the end of Employee’s employment with the Company, for whatever
reason, or upon request by the Company, Employee further agrees to destroy such records maintained
by him/her on his/her own computer equipment and make available to the Company his/her personal
computer for inspection by it or its agent to ensure that adequate measures have been taken to
destroy such records on the Employee’s computer.

5. Business Idea Rights.

5.1
 Assignment. The Company will own, and Employee hereby assigns and agrees to assign to
the Company, all rights in all Business Ideas which Employee originates or develops either alone or
working with others while Employee is employed by the Company. All Business Ideas which are or
form the basis for copyrightable works are hereby assigned to the Company shall be considered
“works for hire” as that term is defined by U.S. Copyright Law.

5.2 Disclosure. While employed by the Company, Employee will promptly disclose all Business Ideas
to the Company.

5.3 Execution of Documentation. Employee, at any time during or after the term of his/her
employment with the Company, will promptly execute all documents which the Company may reasonably
require to perfect its patent, copyright and other rights to such Business Ideas throughout the
world.

6. Non-Solicitation of Employees. During the term of Employee’s employment with the Company and
for one year thereafter, Employee shall not directly or indirectly encourage any Company employee
to terminate his/her employment with the Company or solicit such an individual for employment
outside the Company which would end or diminish that employee’s services to the Company.

7. Employee Disclosures and Acknowledgments.

7.1 Confidential Information of Others. Employee certifies that Employee has not, and will not,
disclose or use during Employee’s time as an employee of the Company, any confidential information
which Employee acquired as a result of any previous employment or under a contractual obligation of
confidentiality or secrecy before Employee became an employee of the Company. All prior
obligations (written and oral), such as confidentiality agreements or covenants restricting future
employment or consulting, that Employee has entered into which restrict Employee’s ability to
perform any services as an employee for the Company are listed below under the heading List of
Prior Obligations.

7.2 Scope of Restrictions. Employee acknowledges and represents that the scope of the
restrictions contained in this Agreement are appropriate, necessary and reasonable for the
protection of the Company’s business, goodwill, and property rights. Employee further acknowledges
that the restrictions imposed will not prevent him/her from earning a living in the event of, and
after, the end of his/her employment with the Company, for whatever reason.

7.3 Prospective Employers. Employee agrees, during the term of any restriction contained
in this Agreement, to disclose this Agreement to any entity which offers employment to Employee.
Employee further agrees that the Company may send a copy of this Agreement to, or otherwise make
the provisions hereof known to, any of Employee’s potential employers.

8. Miscellaneous.

8.1 Binding Effect. This Agreement binds Employee’s heirs, executors, administrators, legal
representatives and assigns and inures to the benefit of the Company and its successors and
assigns.

8.2 Entire Agreement; Amendment or Waiver. This Agreement contains the entire
understanding between the

 

 

parties with respect to the subject matter hereof, and all prior discussions, negotiations,
agreements, correspondence and understandings, whether oral or written, between Employee and the
Company with respect to the subject matter addressed in this agreement are merged in it and
superseded hereby. No provision of this Agreement may be amended or waived other than in writing by
the party against whom enforcement of such amendment or waiver is sought.

8.3 Injunctive Relief. The parties agree that damages will be an inadequate remedy for breaches of
this Agreement and in addition to damages and any other available relief, a court shall be
empowered to grant injunctive relief.

8.4 Governing Law. This Agreement shall be governed by and construed in accordance with the
substantive and procedural laws of the state in which the Employee’s principal business is located.

8.5 Consideration. Execution of this Agreement is a condition of Employee’s continued
employment with the Company and Employee’s employment by the Company constitutes the consideration
for Employee’s undertakings hereunder. In addition to employment, the Company offers as
consideration a minimum of two weeks severance pay if it terminates his/her employment for a reason
other than “Cause.”

8.6 Severability. The obligations imposed by this Agreement are severable and should be construed
independently of each other. The invalidity of one provision shall not affect the validity of any
other provision.

8.7 Terminable-At-Will. Nothing in this Agreement shall be construed to limit the right of
either party to terminate the employment relationship at any time with or without cause or notice.

8.8 Third Party Beneficiaries. Any Company affiliates are third party beneficiaries with
respect to Employee’s performance of his/her duties under this Agreement and the undertakings and
covenants contained in this Agreement and the Company and any of its affiliates, enjoying the
benefits thereof, may enforce this Agreement directly against Employee. The terms Trade Secret,
Confidential Information and Business Ideas shall include materials and information of the
Company’s affiliates to which Employee has access.

List
of Prior Obligations EMPLOYEE:

	 	 	 	 	 
	 	 
	By:  	/s/ James F. Robinson
 	 

Date: February 11, 2011

	 	 	 	 	 
	TUFCO TECHNOLOGIES, INC.

 	 
	By:  	/s/ Louis LeCalsey, III
 	 

Date: February 11, 2011exv10w1

Exhibit 10.1

 

CREDIT AGREEMENT

Dated as of May 27, 2011

among

NAVIGANT CONSULTING, INC.

and

THE FOREIGN BORROWERS INDENTIFIED HEREIN,

collectively, as the Borrowers,

CERTAIN SUBSIDIARIES OF NAVIGANT CONSULTING, INC.

IDENTIFIED HEREIN,

as the Guarantors,

BANK OF AMERICA, N.A.,

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

RBS CITIZENS, N.A.,

as Syndication Agent,

U.S. BANK, NATIONAL ASSOCIATION,

as Documentation Agent,

and

THE OTHER LENDERS PARTY HERETO

Arranged By:

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

and

RBS CITIZENS, N.A.,

as Joint Lead Arrangers and Co-Book Managers

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 

	ARTICLE I DEFINITIONS AND ACCOUNTING TERMS
	 	 	1	 
	1.01 Defined Terms
	 	 	1	 
	1.02 Other Interpretive Provisions
	 	 	27	 
	1.03 Accounting Terms
	 	 	27	 
	1.04 Rounding
	 	 	28	 
	1.05 Exchange Rates; Currency Equivalents
	 	 	28	 
	1.06 Additional Alternative Currencies
	 	 	29	 
	1.07 Change of Currency
	 	 	29	 
	1.08 Times of Day
	 	 	30	 
	1.09 Letter of Credit Amounts
	 	 	30	 
	ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS
	 	 	30	 
	2.01 Committed Loans
	 	 	30	 
	2.02 Borrowings, Conversions and Continuations of Committed Loans
	 	 	31	 
	2.03 Letters of Credit
	 	 	33	 
	2.04 Swing Line Loans
	 	 	41	 
	2.05 Canadian Loan Subfacility
	 	 	43	 
	2.06 Prepayments
	 	 	47	 
	2.07 Termination or Reduction of Aggregate Revolving Commitments
	 	 	49	 
	2.08 Repayment of Loans
	 	 	50	 
	2.09 Interest
	 	 	50	 
	2.10 Fees
	 	 	51	 
	2.11 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate
	 	 	51	 
	2.12 Evidence of Debt
	 	 	52	 
	2.13 Payments Generally; Administrative Agent’s Clawback
	 	 	52	 
	2.14 Sharing of Payments by Lenders
	 	 	54	 
	2.15 Foreign Borrowers
	 	 	55	 
	2.16 Cash Collateral
	 	 	56	 
	2.17 Defaulting Lenders
	 	 	57	 
	2.18 U.K. Swing Line Loans
	 	 	58	 
	ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY
	 	 	61	 
	3.01 Taxes
	 	 	61	 
	3.02 Illegality
	 	 	64	 
	3.03 Inability to Determine Rates
	 	 	65	 
	3.04 Increased Costs
	 	 	66	 
	3.05 Compensation for Losses
	 	 	67	 
	3.06 Mitigation Obligations; Replacement of Lenders
	 	 	68	 
	3.07 Survival
	 	 	68	 
	ARTICLE IV GUARANTY
	 	 	68	 
	4.01 The Guaranty
	 	 	68	 
	4.02 Obligations Unconditional
	 	 	69	 
	4.03 Reinstatement
	 	 	69	 
	4.04 Certain Additional Waivers
	 	 	70	 
	4.05 Remedies
	 	 	70	 

i

 

	 	 	 	 	 

	4.06 Rights of Contribution
	 	 	70	 
	4.07 Guarantee of Payment; Continuing Guarantee
	 	 	71	 
	ARTICLE V CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	 	 	71	 
	5.01 Conditions of Initial Credit Extension
	 	 	71	 
	5.02 Conditions to all Credit Extensions
	 	 	72	 
	ARTICLE VI REPRESENTATIONS AND WARRANTIES
	 	 	73	 
	6.01 Existence, Qualification and Power
	 	 	73	 
	6.02 Authorization; No Contravention
	 	 	73	 
	6.03 Governmental Authorization; Other Consents
	 	 	73	 
	6.04 Binding Effect
	 	 	73	 
	6.05 Financial Statements; No Material Adverse Effect
	 	 	73	 
	6.06 Litigation
	 	 	74	 
	6.07 No Default
	 	 	74	 
	6.08 Ownership of Property
	 	 	75	 
	6.09 Environmental Compliance
	 	 	75	 
	6.10 Insurance
	 	 	75	 
	6.11 Taxes
	 	 	75	 
	6.12 ERISA Compliance
	 	 	75	 
	6.13 Subsidiaries
	 	 	76	 
	6.14 Margin
Regulations; Investment Company Act.
	 	 	76	 
	6.15 Disclosure
	 	 	76	 
	6.16 Compliance with Laws
	 	 	77	 
	6.17
Intellectual Property; Licenses, Etc.
	 	 	77	 
	6.18 Solvency
	 	 	77	 
	6.19 Labor Matters
	 	 	77	 
	6.20 Taxpayer Identification Number
	 	 	77	 
	6.21 Foreign Borrowers
	 	 	77	 
	ARTICLE VII AFFIRMATIVE COVENANTS
	 	 	78	 
	7.01 Financial Statements
	 	 	78	 
	7.02 Certificates; Other Information
	 	 	79	 
	7.03 Notices
	 	 	81	 
	7.04 Payment of Taxes
	 	 	81	 
	7.05
Preservation of Existence, Etc.
	 	 	81	 
	7.06 Maintenance of Properties
	 	 	81	 
	7.07 Maintenance of Insurance
	 	 	81	 
	7.08 Compliance with Laws
	 	 	82	 
	7.09 Books and Records
	 	 	82	 
	7.10 Inspection Rights
	 	 	82	 
	7.11 Use of Proceeds
	 	 	82	 
	7.12 Additional Guarantors
	 	 	82	 
	7.13 ERISA Compliance
	 	 	83	 
	ARTICLE VIII NEGATIVE COVENANTS
	 	 	83	 
	8.01 Liens
	 	 	83	 
	8.02 Investments
	 	 	85	 
	8.03 Indebtedness
	 	 	85	 
	8.04 Fundamental Changes
	 	 	87	 

ii

 

	 	 	 	 	 

	8.05 Dispositions
	 	 	87	 
	8.06 Restricted Payments
	 	 	87	 
	8.07 Change in Nature of Business
	 	 	88	 
	8.08 Transactions with Affiliates and Insiders
	 	 	88	 
	8.09 Burdensome Agreements
	 	 	88	 
	8.10 Use of Proceeds
	 	 	88	 
	8.11 Financial Covenants
	 	 	89	 
	8.12
Prepayment of Other Indebtedness, Etc.
	 	 	89	 
	8.13 Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity
	 	 	89	 
	8.14 Sale and Leaseback Transactions
	 	 	89	 
	ARTICLE IX EVENTS OF DEFAULT AND REMEDIES
	 	 	90	 
	9.01 Events of Default
	 	 	90	 
	9.02 Remedies Upon Event of Default
	 	 	91	 
	9.03 Application of Funds
	 	 	92	 
	ARTICLE X ADMINISTRATIVE AGENT
	 	 	95	 
	10.01 Appointment and Authority
	 	 	95	 
	10.02 Rights as a Lender
	 	 	95	 
	10.03 Exculpatory Provisions
	 	 	95	 
	10.04 Reliance by Administrative Agent
	 	 	96	 
	10.05 Delegation of Duties
	 	 	96	 
	10.06 Resignation of Administrative Agent
	 	 	96	 
	10.07 Non-Reliance on Administrative Agent and Other Lenders
	 	 	97	 
	10.08 No
Other Duties; Etc.
	 	 	97	 
	10.09 Administrative Agent May File Proofs of Claim
	 	 	98	 
	10.10 Guaranty Matters
	 	 	98	 
	ARTICLE XI MISCELLANEOUS
	 	 	98	 
	11.01
Amendments, Etc.
	 	 	98	 
	11.02 Notices; Effectiveness; Electronic Communications
	 	 	100	 
	11.03 No Waiver; Cumulative Remedies; Enforcement
	 	 	102	 
	11.04 Expenses; Indemnity; and Damage Waiver
	 	 	103	 
	11.05 Payments Set Aside
	 	 	104	 
	11.06 Successors and Assigns
	 	 	105	 
	11.07 Treatment of Certain Information; Confidentiality
	 	 	109	 
	11.08 Set-off
	 	 	109	 
	11.09 Interest Rate Limitation
	 	 	110	 
	11.10 Counterparts; Integration; Effectiveness
	 	 	110	 
	11.11 Survival of Representations and Warranties
	 	 	110	 
	11.12 Severability
	 	 	111	 
	11.13 Replacement of Lenders
	 	 	111	 
	11.14
Governing Law; Jurisdiction; Etc.
	 	 	112	 
	11.15 Waiver of Right to Trial by Jury
	 	 	112	 
	11.16 No Advisory or Fiduciary Responsibility
	 	 	113	 
	11.17 USA PATRIOT Act Notice
	 	 	113	 
	11.18 Judgment Currency
	 	 	113	 
	11.19 Electronic Execution of Assignments and Certain Other Documents
	 	 	114	 

iii

 

	 	 	 	 	 

	11.20 Waiver of Notice under Existing Credit Agreement.
	 	 	114	 

iv

 

	 	 	 

	SCHEDULES
	 	 
	 
	 	 
	1.01A
	 	Mandatory Cost Formulae
	1.01B
	 	Existing Letters of Credit
	2.01
	 	Commitments and Applicable Percentages
	6.05
	 	Material Dispositions and Acquisitions
	6.13
	 	Subsidiaries
	6.20
	 	Taxpayer Identification Number
	8.01
	 	Liens Existing on the Closing Date
	8.02
	 	Investments Existing on the Closing Date
	8.03
	 	Indebtedness Existing on the Closing Date
	11.02
	 	Certain Addresses for Notices

	 	 	 

	EXHIBITS
	 	 
	 
	 	 
	2.02
	 	Form of Committed Loan Notice
	2.04
	 	Form of Swing Line Loan Notice
	2.05
	 	Form of Canadian Loan Notice
	2.12(a)
	 	Form of Note
	2.15(a)(i)
	 	Foreign Borrower Request and Assumption Agreement
	2.15(a)(ii)
	 	Foreign Borrower Notice
	2.18
	 	Form of U.K. Swing Line Loan Notice
	7.02
	 	Form of Compliance Certificate
	7.12
	 	Form of Joinder Agreement
	11.06(b)
	 	Form of Assignment and Assumption
	11.06(b)(iv)
	 	Form of Administrative Questionnaire

v

 

CREDIT AGREEMENT

     This CREDIT AGREEMENT is entered into as of May 27, 2011 among NAVIGANT CONSULTING, INC., a
Delaware corporation (the “Company”), NAVIGANT CONSULTING (EUROPE) LIMITED, a corporation
organized and existing under the laws of England and Wales (the “U.K. Borrower”), NAVIGANT
CONSULTING LTD., a corporation organized and existing under the laws of the Province of Ontario
(the “Canadian Borrower”, and together with the Company, the U.K. Borrower and certain
other Foreign Subsidiaries of the Company party hereto pursuant to Section 2.15, the
“Borrowers” and, each a “Borrower”), the Guarantors (defined herein), the Lenders
(defined herein) and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender, U.K. Swing
Line Lender, Canadian Lender and L/C Issuer.

RECITALS

     The Borrower has requested that the Lenders provide a $400,000,000 revolving credit facility
for the purposes set forth herein, and the Lenders are willing to do so on the terms and conditions
set forth herein.

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

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

1.01 Defined Terms.

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

     “Acquisition”, by any Person, means the acquisition by such Person, in a single
transaction or in a series of related transactions, of either (a) all or any substantial portion of
the property of, or a line of business or division of, another Person or (b) at least a majority of
the Voting Stock of another Person, in each case whether or not involving a merger or consolidation
with such other Person.

     “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, with respect to any currency, the
Administrative Agent’s address and, as appropriate, account as set forth on Schedule 11.02
with respect to such currency, or such other address or account with respect to such currency as
the Administrative Agent may from time to time notify to the Company and the Lenders.

     “Administrative Questionnaire” means an Administrative Questionnaire in substantially
the form of Exhibit 11.06(b)(iv) or any other form approved 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 Revolving Commitments” means the Revolving Commitments of all the Lenders.
The initial amount of the Aggregate Revolving Commitments in effect on the Closing Date is FOUR
HUNDRED MILLION DOLLARS ($400,000,000).

     “Agreement” means this Credit Agreement.

     “Alternative Currency” means each of Euro, Sterling, Canadian Dollars and each other
currency (other than Dollars) that is approved in accordance with Section 1.06.

     “Alternative Currency Equivalent” means, at any time, with respect to any amount
denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as
determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the
basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase
of such Alternative Currency with Dollars.

     “Applicable Percentage” means with respect to any Lender at any time, the percentage
(carried out to the ninth decimal place) of the Aggregate Revolving Commitments represented by such
Lender’s Revolving Commitment at such time; provided that if the commitment of each Lender to make
Revolving Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been
terminated pursuant to Section 9.02 or if the Aggregate Revolving Commitments have expired,
then the Applicable Percentage of each Lender shall be determined based on the Applicable
Percentage of such Lender most recently in effect, giving effect to any subsequent assignments.
The initial Applicable Percentage of each Lender is set forth opposite the name of such Lender on
Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a
party hereto, as applicable. The Applicable Percentages shall be subject to adjustment as provided
in Section 2.17.

     “Applicable Rate” means the following percentages per annum, based upon the
Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the
Administrative Agent pursuant to Section 7.02(a):

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Eurocurrency Rate	 	 
	 	 	 	 	 	 	 	 	Loans, BA Rate	 	 
	 	 	Consolidated	 	 	 	 	 	Loans and Letters	 	 
	Pricing Tier	 	Leverage Ratio	 	Commitment Fee	 	of Credit	 	Base Rate Loans
	1

	 	> 3.00 to 1.0
	 	 	0.350	%	 	 	2.00	%	 	 	1.00	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2

	 	> 2.50 to 1.0
but < 3.00 to
1.0
	 	 	0.300	%	 	 	1.75	%	 	 	0.75	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	3

	 	> 2.00 to 1.0
but < 2.50 to
1.0
	 	 	0.250	%	 	 	1.50	%	 	 	0.50	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	4

	 	> 1.50 to 1.0
but < 2.00 to
1.0
	 	 	0.200	%	 	 	1.25	%	 	 	0.25	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	5

	 	< 1.50 to 1.0
	 	 	0.150	%	 	 	1.00	%	 	 	0.0	%

Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated
Leverage Ratio as of the end of any fiscal quarter shall become effective as of the first Business
Day immediately following the date a Compliance Certificate is required to be delivered pursuant to
Section 7.02(a) for

2

 

such period ended; provided, however, that if a Compliance Certificate is not
delivered when due in accordance with such Section, then, upon the request of the Required Lenders,
Pricing Tier 1 shall apply as of the first Business Day after the date on which such Compliance
Certificate was required to have been delivered and shall continue to apply until the first
Business Day immediately following the date a Compliance Certificate is delivered in accordance
with Section 7.02(a), whereupon the Applicable Rate shall be adjusted based upon the
calculation of the Consolidated Leverage Ratio contained in such Compliance Certificate. The
Applicable Rate in effect from the Closing Date through the first Business Day after the date on
which the Compliance Certificate with respect to the fiscal quarter ending June 30, 2011 shall be
determined based upon Pricing Tier 2.

     “Applicable Time” means, with respect to any borrowings and payments in any
Alternative Currency, the local time in the place of settlement for such Alternative Currency as
may be determined by the Administrative Agent or the L/C Issuer, as the case may be, to be
necessary for timely settlement on the relevant date in accordance with normal banking procedures
in the place of payment.

     “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.

     “Arrangers” means Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Citizens,
N.A., in their capacity as joint lead arrangers and co-book managers.

     “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 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
11.06(b) or any other form approved by the Administrative Agent.

     “Attributable Indebtedness” means, with respect to any Person on any date, (a) in
respect of any Capital Lease, 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, the capitalized amount of the remaining lease payments under the relevant lease that would
appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such
lease were accounted for as a Capital Lease, (c) in respect of any Securitization Transaction, the
outstanding principal amount of such financing, after taking into account reserve accounts and
making appropriate adjustments, determined by the Administrative Agent in its reasonable judgment
and (d) in respect of any Sale and Leaseback Transaction, the present value (discounted in
accordance with GAAP at the debt rate implied in the applicable lease) of the obligations of the
lessee for rental payments during the term of such lease).

     “Audited Financial Statements” means the audited consolidated balance sheet of the
Company and its Subsidiaries for the fiscal year ended December 31, 2010 and the related
consolidated statements of income or operations, shareholders’ equity and cash flows of the Company
and its Subsidiaries for such fiscal year, including the notes thereto.

     “Availability Period” means, with respect to the Revolving Commitments, the
period from and including the Closing Date to the earliest of (i) the Maturity Date, (ii) the date
of termination of the Aggregate Revolving Commitments pursuant to Section 2.07, and (iii)
the date of termination of the commitment of each Lender to make Committed Loans and of the
obligation of the L/C Issuer to make L/C Credit Extensions pursuant to Section 9.02.

3

 

     “BA Rate” means, for any Interest Period, with respect to a BA Rate Loan, the
rate of interest per annum equal to the annual rate of interest quoted on the first day of such
Interest Period by the Canadian Lender in accordance with its normal practice as being its rate of
interest for bankers’ acceptances in Canadian Dollars for a face amount similar to the amount of
the applicable BA Rate Loans and for a term similar to such Interest Period, which rate shall not
be greater than the CDOR Rate determined for the applicable Interest Period plus 0.05%.

     “BA Rate Loan” means a Canadian Loan that bears interest at the BA Rate. All BA Rate
Loans shall be denominated in Canadian Dollars.

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

     “Base Rate” means

     (a) in the case of Revolving Loans and Swing Line Loans, for any day a fluctuating rate per
annum equal to the highest of (i) the Federal Funds Rate plus 0.50%, (ii) the U.S. Prime Rate and
(iii) and (c) the Eurocurrency Base Rate plus 1.0%;

     (b) in the case of the Canadian Loans denominated in Canadian Dollars, for any day a
fluctuating rate per annum equal to the higher of (i) the CDOR Rate plus 0.50% and (ii) the
Canadian Prime Rate; and

     (c) in the case of Canadian Loans denominated in Dollars, for any day a fluctuating rate per
annum equal to the higher of (i) the rate which the Canadian Lender in Toronto, Ontario announces
from time to time as the reference rate of interest for loans in Dollars to its Canadian borrowers;
and (ii) the Federal Funds Rate plus 0.50%.

     “Base Rate Loan” means a Loan that bears interest based on the Base Rate. All
Committed Loans that are Base Rate Loans and all Swing Line Loans shall be denominated in Dollars.
All Canadian Loans that are Base Rate Loans shall be denominated in Canadian Dollars or Dollars.

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

     “Borrower Materials” has the meaning specified in Section 7.02.

     “Borrowing” means, as the context requires, (a) a borrowing consisting of simultaneous
Committed Loans of the same Type, in the same currency and, in the case of Eurocurrency Rate Loans,
having the same Interest Period made by each of the Lenders pursuant to Section 2.01, (b) a
borrowing of Swing Line Loans pursuant to Section 2.04, (c) a borrowing of Canadian Loans
pursuant to Section 2.05 and (d) a borrowing of U.K. Swing Line Loans pursuant to
Section 2.18.

     “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 with respect to Obligations denominated in Dollars is
located and: (a) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in respect
of any such Eurocurrency Rate Loan, or any other dealings in Dollars to be carried out pursuant to
this Agreement in respect of any such Eurocurrency Rate Loan, means any such day on which dealings
in deposits in Dollars are conducted by and between banks in the London interbank eurodollar
market; (b) with respect to any notice, disbursement or payment by or to the Canadian Lender, the
Canadian Borrower or the Company with
respect to a Canadian Loan, any day other than a Saturday, Sunday or other day on which
commercial

4

 

banks are authorized to close under the Laws of, or are in fact closed in, the
jurisdiction of the Canadian Lender’s Lending Office; (c) if such day relates to any interest rate
settings as to a Eurocurrency Rate Loan denominated in Euro, any fundings, disbursements,
settlements and payments in Euro in respect of any such Eurocurrency Rate Loan, or any other
dealings in Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency
Rate Loan, means a TARGET Day; (d) if such day relates to any interest rate settings as to a
Eurocurrency Rate Loan denominated in a currency other than Dollars or Euro, means any such day on
which dealings in deposits in the relevant currency are conducted by and between banks in the
London or other applicable offshore interbank market for such currency; and (e) if such day relates
to any fundings, disbursements, settlements and payments in a currency other than Dollars or Euro
in respect of a Eurocurrency Rate Loan denominated in a currency other than Dollars or Euro or a BA
Rate Loan, or any other dealings in any currency other than Dollars or Euro to be carried out
pursuant to this Agreement in respect of any such Eurocurrency Rate Loan or BA Rate Loan (other
than any interest rate settings), means any such day on which banks are open for foreign exchange
business in the principal financial center of the country of such currency.

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

     “Canadian Dollars” and “C$” mean the lawful currency of Canada.

     “Canadian Lender” Bank of America, acting through its Canada branch, in its capacity
as Canadian Lender under any of the Loan Documents, or any successor Canadian lender.

     “Canadian Loan” has the meaning specified in Section 2.05(a).

     “Canadian Loan Notice” means a notice of (a) a Borrowing of Canadian Loans pursuant to
Section 2.05(b), (b) a conversion of Canadian Loans from one Type to another, or (c) a
continuation of Eurocurrency Rate Loans or BA Rate Loans, pursuant to Section 2.05(b),
which, if in writing, shall be substantially in the form of Exhibit 2.05.

     “Canadian Obligations” means all Obligations owing by the Canadian Borrower.

     “Canadian Prime Rate” means for any day the rate of interest in effect for such day as
publicly announced from time to time by the Canadian Lender as its “prime rate.” Such “prime rate”
is a rate set by the Canadian Lender based upon various factors including the Canadian Lender’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 “prime rate” announced by the Canadian Lender shall take effect at the opening of
business on the day specified in the public announcement of such change.

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

     “Capital Lease” means, as applied to any Person, any lease of any property by that
Person as lessee which, in accordance with GAAP, is required to be accounted for as a capital lease
on the balance sheet of that Person.

     “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative
Agent, for the benefit of the Administrative Agent, the L/C Issuer, the Swing Line Lender, the U.K.
Swing Line Lender or the Canadian Lender (as applicable) and the Lenders, as collateral for L/C
Obligations,
Obligations in respect of Swing Line Loans, Obligations in respect of U.K. Swing Line Loans,

5

 

Obligations in respect of Canadian Loans, or obligations of Lenders to fund participations in
respect of any thereof (as the context may require), cash or deposit account balances or, if the
L/C Issuer, the Swing Line Lender, the U.K. Swing Line Lender, or the Canadian Lender benefitting
from such collateral shall agree in its sole discretion, other credit support, in each case
pursuant to documentation in form and substance satisfactory to (a) the Administrative Agent and
(b) the L/C Issuer, the Swing Line Lender, the U.K. Swing Line Lender or the Canadian Lender (as
applicable). “Cash Collateral” shall have a meaning correlative to the foregoing and shall
include the proceeds of such cash collateral and other credit support.

     “Cash Equivalents” means, as at any date, (1) with respect to the Company or any of
its Subsidiaries: (a) securities issued or directly and fully guaranteed or insured by the United
States or any agency or instrumentality thereof (provided that the full faith and credit of the
United States is pledged in support thereof) having maturities of not more than twelve months from
the date of acquisition, (b) Dollar denominated time deposits and certificates of deposit of (i)
any Lender, (ii) any domestic commercial bank of recognized standing having capital and surplus in
excess of $500,000,000 or (iii) any bank whose short-term commercial paper rating from S&P is at
least A-1 or the equivalent thereof or from Moody’s is at least P-1 or the equivalent thereof (any
such bank being an “Approved Bank”), in each case with maturities of not more than 270 days from
the date of acquisition, (c) commercial paper and variable or fixed rate notes issued by any
Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or
guaranteed by, any domestic corporation rated A-1 (or the equivalent thereof) or better by S&P or
P-1 (or the equivalent thereof) or better by Moody’s and maturing within six months of the date of
acquisition, (d) repurchase agreements entered into by any Person with a bank or trust company
(including any of the Lenders) or recognized securities dealer having capital and surplus in excess
of $500,000,000 for direct obligations issued by or fully guaranteed by the United States in which
such Person shall have a perfected first priority security interest (subject to no other Liens) and
having, on the date of purchase thereof, a fair market value of at least 100% of the amount of the
repurchase obligations and (e) Investments, classified in accordance with GAAP as current assets,
in money market investment programs registered under the Investment Company Act of 1940 which are
administered by reputable financial institutions having capital of at least $500,000,000 and the
portfolios of which are limited to Investments of the character described in the foregoing
subdivisions (a) through (d) and (2) with respect to any Foreign Subsidiary of the Company: (a)
obligations of the national government of the country in which such Foreign Subsidiary maintains
its chief executive office and principal place of business provided such country is a member of the
Organization for Economic Cooperation and Development, in each case maturing within one year after
the date of investment therein, (b) certificates of deposit of, bankers acceptances of, or time
deposits with, any commercial bank which is organized and existing under the laws of the country in
which such Foreign Subsidiary maintains its chief executive office and principal place of business
provided such country is a member of the Organization for Economic Cooperation and Development, and
whose short-term commercial paper rating from S&P is at least A-1 or the equivalent thereof or from
Moody’s is at least P-1 or the equivalent thereof (any such bank being an “Approved Foreign
Bank”), and in each case with maturities of not more than 270 days from the date of acquisition
and (c) the equivalent of demand deposit accounts which are maintained with an Approved Foreign
Bank.

     “CDOR Rate” means, for any day, the rate per annum (rounded upwards, if necessary, to
the nearest whole multiple of 1/100 of 1%) which is the arithmetic average of the “BA 1 month”
rates applicable to Canadian Dollar bankers’ acceptances identified as such on the Reuters Screen
CDOR Page at approximately 10:00 a.m. on such day (as adjusted by the Canadian Lender after 10:00
a.m. (Toronto time) to reflect any error in any posted rate or in the posted average per annum
rate). If such rate does not appear on the Reuters Screen CDOR Page as contemplated above, then
the CDOR Rate on any day shall be the rate quoted by the Canadian Lender.

     “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,

6

 

 regulation or treaty or in the administration, interpretation, implementation or
application thereof by any Governmental Authority or any group or body charged with setting
financial accounting or regulatory capital rules or standards (including, without limitation, the
Financial Accounting Standards Board, the Bank for International Settlements or the Basel Committee
on Banking Supervision or any successor or similar authority to any of the foregoing) or (c) the
making or issuance of any request, rule, guideline or directive (whether or not having the force of
law) by any Governmental Authority or any group or body charged with setting financial accounting
or regulatory capital rules or standards (including, without limitation, the Financial Accounting
Standards Board, the Bank for International Settlements or the Basel Committee on Banking
Supervision or any successor or similar authority to any of the foregoing); provided that
notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer
Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection
therewith (whether or not having the force of law) and (y) all requests, rules, guidelines or
directives promulgated by the Bank for International Settlements, the Basel Committee on Banking
Supervision (or any successor or similar authority) or the United States or foreign regulatory
authorities (whether or not having the force of law), in each case pursuant to Basel III, shall in
each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued.

     “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) becomes the “beneficial owner” (as defined in
Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934), directly or indirectly, of
50% of the Equity Interests of the Company entitled to vote for members of the board of
directors or equivalent governing body of the Company on a fully diluted basis (and taking
into account all such securities that such person or group beneficially owns by reason of
the right to acquire pursuant to Rules 13d-3 and 13d-5 under the Securities Exchange Act of
1934); or

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

     (c) the Company fails to own and control 75% of the Equity Interests of any Foreign
Borrower.

     “Closing Date” means the date hereof.

     “Commitment” means, as to each Lender, the Revolving Commitment of such Lender.

     “Committed Loan” means a Revolving Loan.

7

 

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

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

     “Compliance Certificate” means a certificate substantially in the form of Exhibit
7.02.

     “Consolidated Cash Interest Charges” means, for any period, for the Company and its
Subsidiaries on a consolidated basis, an amount equal to the sum of the cash portion of (i) all
interest, premium payments, debt discount, fees (excluding fees relating to cash management
agreements and debt fee amortization cost), charges and related expenses in connection with
borrowed money or in connection with the deferred purchase price of assets, in each case to the
extent treated as interest in accordance with GAAP, plus (ii) the portion of rent expense
with respect to such period under Capital Leases that is treated as interest in accordance with
GAAP plus (iii) the implied interest component of Synthetic Leases with respect to such
period.

     “Consolidated EBITDA” means, for any period, for the Company and its Subsidiaries on a
consolidated basis, an amount equal to the sum of (a) Consolidated Net Income for such period
plus (b) the following to the extent deducted in calculating such Consolidated Net Income:
(i) interest expense for such period, (ii) the provision for federal, state, local and foreign
income tax expense for such period, (iii) the amount of depreciation and amortization expense for
such period, (iv) non-cash increases in reserves expensed during such period for estimated future
payments of litigation expenses in an aggregate amount not to exceed $10,000,000 during any
consecutive twelve month period, (v) non-cash stock compensation expenses for such period which do
not represent a cash item in such period or any future period, and (vi) other non-cash charges for
such period which do not represent a cash item in such period or any future period minus
(c) non-cash gains for such period to the extent included in calculating such Consolidated Net
Income minus (d) payments made from (or reversals of) reserves described in subclauses
(b)(iv) and (b)(vi) above during such period.

     “Consolidated Funded Indebtedness” means, as of any date of determination with respect
to the Company and its Subsidiaries on a consolidated basis, without duplication, the sum of: (a)
all obligations for borrowed money, whether current or long-term (including the Obligations) and
all obligations evidenced by bonds, debentures, notes, loan agreements or other similar
instruments; (b) all obligations arising under letters of credit (including standby and
commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; (c) all
obligations in respect of the deferred purchase price of property or services (including
non-contingent earn-out obligations but excluding (i) contingent earn-out obligations regardless of
treatment under GAAP and (ii) trade accounts payable in the ordinary course of business); (d) all
Attributable Indebtedness; (e) all Guarantees with respect to Indebtedness of the types specified
in clauses (a) through (d) above of another Person; and (f) all Indebtedness of the types referred
to in clauses (a) through (e) above of any partnership or joint venture (other than a joint venture
that is itself a corporation or limited liability company) in which the Company or a Subsidiary is
a general partner or joint venturer, but only to the extent that such Indebtedness is contractually
or legally recourse to the Company or such Subsidiary.

     “Consolidated Interest Coverage Ratio” means, as of any date of determination, the
ratio of (a) the sum of (i) Consolidated EBITDA for the period of the four fiscal quarters most
recently ended plus (ii)
GAAP office rental expense for such period net of sublease office rental income for such
period to (b) the sum of (i) Consolidated Cash Interest Charges for the period of the four
fiscal quarters most recently ended

8

 

plus (ii) GAAP office rental expense for such period
net of sublease office rental income for the period of the four fiscal quarters most recently
ended.

     “Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a)
Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period
of the four fiscal quarters most recently ended.

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

     “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. Without limiting the generality of the foregoing, a Person
shall be deemed to be Controlled by another Person if such other Person possesses, directly or
indirectly, power to vote 5% or more of the securities having ordinary voting power for the
election of directors, managing general partners or the equivalent.

     “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, the Bankruptcy
and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada) and all other
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,
rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the
United States or other applicable jurisdictions from time to time in effect and affecting the
rights of creditors generally.

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

     “Default Rate” means (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, if
any, applicable to Base Rate Loans plus (iii) 2% per annum; provided,
however, that with respect to a Eurocurrency Rate Loan or a BA Rate Loan, the Default Rate
shall be an interest rate equal to the interest rate (including any Applicable Rate and any
Mandatory Cost) otherwise applicable to such Loan plus 2% per annum, in each case to the fullest
extent permitted by applicable Laws 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, subject to Section 2.17(b), any Lender that (a) has
failed to perform any of its funding obligations hereunder, including in respect of its Loans or
participations in respect of Letters of Credit, Swing Line Loans, U.K. Swing Line Loans or Canadian
Loans, within three Business Days of the date required to be funded by it hereunder, (b) has
notified the Company or the Administrative Agent that it does not intend to comply with its funding
obligations or has made a public statement to that effect with respect to its funding obligations
hereunder or under other agreements in which it commits to extend credit, (c) has failed, within
three Business Days after request by the Administrative Agent, to confirm in a manner satisfactory
to the Administrative Agent that it will comply
with its funding obligations, or (d) has, or has a direct or indirect parent company that has,
(i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver,
conservator, trustee,

9

 

administrator, assignee for the benefit of creditors or similar Person
charged with reorganization or liquidation of its business or a custodian appointed for it, or
(iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence
in any such proceeding or appointment; provided that a Lender shall not be a Defaulting
Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or
any direct or indirect parent company thereof by a Governmental Authority.

     “Disposition” or “Dispose” means the sale, transfer, license, lease or other
disposition (including any Sale and Leaseback Transaction) of any property by the Company or any
Subsidiary (including the Equity Interests of any Subsidiary), 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, but excluding any Involuntary Disposition.

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

     “Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in
Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency,
the equivalent amount thereof in Dollars as determined by the Administrative Agent or the L/C
Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of
the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency.

     “Domestic Loan Parties” means, collectively, the Company and the Guarantors.

     “Domestic Obligations” means all Obligations owing by the Domestic Loan Parties (other
than in respect of Guarantees of Foreign Obligations pursuant to Article IV).

     “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any
state of the United States or the District of Columbia.

     “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)).

     “EMU” means the economic and monetary union in accordance with the Treaty of Rome
1957, as amended by the Single European Act 1986, the Maastricht Treaty of 1992 and the Amsterdam
Treaty of 1998.

     “EMU Legislation” means the legislative measures of the European Council for the
introduction of, changeover to or operation of a single or unified European currency.

     “Environmental Laws” means any and all federal, state, local, foreign and other
applicable 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
Company or any of its 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.

10

 

     “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 Company within the meaning of Section 414(b) or (c) of the Internal Revenue
Code (and Sections 414(m) and (o) of the Internal Revenue Code for purposes of provisions relating
to Section 412 of the Internal Revenue Code).

     “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a
withdrawal by the Company 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 Company 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 Company
or any ERISA Affiliate.

     “Euro” and “EUR” mean the lawful currency of the Participating Member States
introduced in accordance with the EMU Legislation. 

     “Eurocurrency Base Rate”  means:

     (a) for any Interest Period with respect to a Eurocurrency Rate Loan, the rate per annum equal
to (i) the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters
(or other commercially available source providing quotations of BBA LIBOR as may be 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 deposits in the relevant currency (for
delivery on the first day of such Interest Period) with a term equivalent to such Interest Period
or (ii) if such published rate is not available at such time for any reason, then the rate
determined by the Administrative Agent to be the rate at which deposits in the relevant currency
for delivery on the first day of such Interest Period in Same Day Funds in the approximate amount
of the Eurocurrency Rate Loan being made, continued or converted and with a term equivalent to such
Interest Period would be offered by Bank of America’s London Branch (or other Bank of America
branch or Affiliate) to major banks in the London or other offshore interbank market for such
currency at their request at approximately 11:00 a.m. (London time) two Business Days prior to the
commencement of such Interest Period; and

11

 

     (b) for any interest calculation with respect to a Committed Loan or Swing Line Loan that is a
Base Rate Loan on any date, the rate per annum equal to (i) BBA LIBOR, at approximately 11:00 a.m.,
London time determined two Business Days prior to such date for Dollar deposits being delivered in
the London interbank market for a term of one month commencing that day or (ii) if such published
rate is not available at such time for any reason, the rate per annum determined by the
Administrative Agent to be the rate at which deposits in Dollars for delivery on the date of
determination in same day funds in the approximate amount of the Base Rate Loan being made or
maintained and with a term equal to one month would be offered by Bank of America’s London Branch
to major banks in the London interbank Eurodollar market at their request at the date and time of
determination.

     “Eurocurrency Rate” means, for any Interest Period with respect to any Eurocurrency
Rate Loan, a rate per annum determined by the Administrative Agent to be equal to the quotient
obtained by dividing (a) the Eurocurrency Base Rate for such Eurocurrency Rate Loan for such
Interest Period by (b) one minus the Eurocurrency Reserve Percentage for such Eurocurrency
Rate Loan for such Interest Period.

     “Eurocurrency Rate Loan” means a Loan that bears interest at a rate based on clause
(a) of the definition of “Eurocurrency Base Rate”. Committed Loans that are Eurocurrency Rate
Loans may be denominated in Dollars or in an Alternative Currency. All Revolving Loans denominated
in an Alternative Currency must be Eurocurrency Rate Loans. All Canadian Loans that are
Eurocurrency Rate Loans must be denominated in Dollars.

     “Eurocurrency Reserve Percentage” means, for any day during any Interest Period, the
reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such
day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB
for determining the maximum reserve requirement (including any emergency, supplemental or other
marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as
“Eurocurrency liabilities”). The Eurocurrency Rate for each outstanding Eurocurrency Rate Loan
shall be adjusted automatically as of the effective date of any change in the Eurocurrency Reserve
Percentage.

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

     “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 any
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 such Borrower is located, (c) Excluded U.K. Taxes,
(d) any Taxes imposed on any “withholdable payment” payable to such recipient as a result of the
failure of such recipient to satisfy the applicable requirements as set forth in FATCA to establish
that such payment is exempt from withholding under FATCA and (e) except as provided in the
following sentence, in the case of a Foreign Lender (other than an assignee pursuant to a request
by the Company 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 such Borrower with respect to such
withholding tax pursuant to Section 3.01(a). Notwithstanding anything to the contrary
contained in this definition, “Excluded Taxes” shall not include (i) any withholding tax (other
than any Excluded U.K. Taxes) imposed at any time on payments made by or on behalf of a Foreign
Borrower to any
Lender hereunder or under any other Loan Document, provided that such Lender shall
have complied with

12

 

the penultimate paragraph of Section 3.01(e) and (ii) any withholding
tax payable to Lenders with respect to payments made with respect to funded participation interests
in Canadian Loans pursuant to Section 2.05(d). 

     “Excluded U.K. Taxes” means, with respect to any Lender, U.K. Taxes on any payment
made to such Lender under a Loan Document if, on the date such payment is due, either (a) such
payment could have been made to such Lender without imposition of U.K. Taxes if such Lender were a
U.K. Qualifying Lender, but on the date of such payment, such Lender is not, or has ceased to be, a
U.K. Qualifying Lender (other than as a result of any Change in Law); (b) such payment would have
been made to such Lender without imposition of U.K. Taxes but for a direction under section 931 of
the United Kingdom Income Tax Act 2007 (as such provision had effect on the date on which such
Lender became a party to this Agreement) relating to such payment and the U.K. Borrower has
previously notified such Lender of the precise terms thereof; or (c) such Lender is a U.K. Treaty
Lender and the U.K. Borrower is able to demonstrate that such payment could have been made to such
Lender without imposition of U.K. Taxes had such Lender complied with its obligations under
Section 3.01(e).

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

     “Existing Letters of Credit” means the letters of credit described by letter of credit
number, undrawn amount, name of beneficiary and date of expiry on Schedule 1.01B attached
hereto.

     “FATCA” means Sections 1471 through 1474 of the Internal Revenue Code and any
regulations promulgated thereunder or official interpretations thereof.

     “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 May 3, 2011 among the Company, the
Administrative Agent and MLPFS.

     “Foreign Borrower Notice” has the meaning specified in Section 2.15.

     “Foreign Borrower Request and Assumption Agreement” has the meaning specified in
Section 2.15.

     “Foreign Borrowers” means, collectively, each Foreign Subsidiary of the Company party
hereto in the capacity of a Borrower pursuant to, and in accordance with, Section 2.15. As
of the Closing Date, the only Foreign Borrowers are the Canadian Borrower and the U.K. Borrower.

     “Foreign Lender” means, with respect to any Borrower, any Lender that is organized
under the laws of a jurisdiction other than that in which such 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 Obligations” means Obligations owing by any of the Foreign Borrowers.

13

 

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

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

     “Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect
to the L/C Issuer, such Defaulting Lender’s Applicable Percentage of the outstanding L/C
Obligations other than L/C Obligations as to which such Defaulting Lender’s participation
obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the
terms hereof, (b) with respect to the Swing Line Lender, such Defaulting Lender’s Applicable
Percentage of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender’s
participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance
with the terms hereof, (c) with respect to the U.K. Swing Line Lender, such Defaulting Lender’s
Applicable Percentage of U.K. Swing Line Loans other than U.K. Swing Line Loans as to which such
Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash
Collateralized in accordance with the terms hereof or (d) with respect to the Canadian Lender, such
Defaulting Lender’s Applicable Percentage of Canadian Loans other than Canadian Loans as to which
such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash
Collateralized in accordance with the terms hereof.

     “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, consistently applied and as in effect from time to time, subject to Section
1.03.

     “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).

     “Guarantee” means, as to any Person, (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

14

 

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 the Company (with respect to the Foreign Obligations), each
Significant Subsidiary of the Company identified as a “Guarantor” on the signature pages hereto and
each other Person that joins as a Guarantor pursuant to Section 7.12, together with their
successors and permitted assigns. Notwithstanding the foregoing, Navigant Capital Advisors, LLC
shall not be required to become a Guarantor.

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

     “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.

     “HMRC DT Treaty Passport Scheme” means the HM Revenue & Customs Double Taxation Treaty
Passport Scheme for overseas corporate lenders which commenced on 1 September 2010.

     “Honor Date” has the meaning set forth in Section 2.03(c).

     “Immaterial Subsidiary” means any direct or indirect Domestic Subsidiary of the
Company, whether now existing or hereafter acquired or created, which (a) individually, or when
consolidated with its Subsidiaries, has assets of less than $5,000,000 and (b) individually, or
when consolidated with its Subsidiaries, has gross revenues of less than $40,000,000 in any
consecutive twelve month period.

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

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

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

     (c) the Swap Termination Value of any Swap Contract of such Person;

     (d) all obligations of such Person to pay the deferred purchase price of property or
services (including non-contingent earn-out obligations but excluding (i) contingent
earn-out obligations regardless of treatment under GAAP and (ii) trade accounts payable in
the ordinary course of business);

     (e) obligations otherwise constituting Indebtedness of another Person (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 obligations shall have been assumed by such Person or is
limited in recourse;

     (f) all Attributable Indebtedness of such Person;

15

 

     (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;

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

     (i) all Indebtedness of the types referred to in clauses (a) through (h) above 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 joint venturer, but
only to the extent that such Indebtedness is contractually or legally recourse to such
Person.

     “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.

     “Interest Payment Date” means (a) as to any Eurocurrency Rate Loan and any BA Rate
Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date;
provided, however, that if any Interest Period for a Eurocurrency Rate Loan or a BA
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; (b) as to any Base Rate
Loan (including a Swing Line Loan) the last Business Day of each March, June, September and
December and the Maturity Date; and (c) as to any U.K. Swing Line Loan, the last day of each
Interest Period applicable to such U.K. Swing Line Loan and the Maturity Date.

     “Interest Period” means, (i) as to each Eurocurrency Rate Loan and each BA Rate Loan,
as applicable, the period commencing on the date such Eurocurrency Rate Loan or such BA Rate Loan,
as applicable, is disbursed or converted to or continued as a Eurocurrency Rate Loan or BA Rate
Loan, as applicable, and ending on the date one, two, three or six months thereafter, as selected
by a Borrower in its Committed Loan Notice or Canadian Loan Notice, as applicable, and (ii) as to
each U.K. Swing Line Loan, the period commencing on the date such U.K. Swing Line Loan is disbursed
and ending on the date agreed by the U.K. Borrower and the U.K. Swing Line Lender in its U.K. Swing
Line Loan Notice; provided that in each case:

     (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.

     “Internal Revenue Code” means the Internal Revenue Code of 1986.

     “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,

16

 

(b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or
purchase or other acquisition of any other debt or equity participation or interest in, another
Person, or (c) an Acquisition. 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.

     “Involuntary Disposition” means any loss of, damage to or destruction of, or any
condemnation or other taking for public use of, any property of the Company or any of its
Subsidiaries.

     “IP Rights” has the meaning specified in Section 6.17.

     “IRS” means the United States Internal Revenue Service.

     “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 Company (or any Subsidiary) or in favor of the L/C Issuer and relating to such Letter of
Credit.

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

     “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 Lender, such Lender’s funding of its
participation in any L/C Borrowing in accordance with its Applicable Percentage of the Aggregate
Revolving Commitments. All L/C Advances shall be denominated in Dollars.

     “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 Borrowing of
Revolving Loans. All L/C Borrowings shall be denominated in Dollars.

     “L/C Credit Extension” means, with respect to any Letter of Credit, the issuance
thereof or extension of the expiry date thereof, 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 1.09. 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.

17

 

     “Lenders” means each of the Persons identified as a “Lender” on the signature pages
hereto and each other Person that becomes a “Lender” in accordance with this Agreement and their
successors and assigns and, as the context requires, includes the Swing Line Lender, the U.K. Swing
Line Lender and the Canadian 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 Company and the Administrative Agent.

     “Letter of Credit” means any letter of credit issued hereunder and shall include the
Existing Letters of Credit. A Letter of Credit may be a sight draft commercial letter of credit or
a standby letter of credit. Letters of Credit may be denominated in Dollars or in an Alternative
Currency.

     “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 thirty days prior to the
Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business
Day).

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

     “Letter of Credit Sublimit” means an amount equal to the lesser of (a) the Aggregate
Revolving Commitments and (b) $50,000,000. The Letter of Credit Sublimit is part of, and not in
addition to, the Aggregate Revolving Commitments.

     “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 a Borrower under Article II
in the form of a Revolving Loan, Swing Line Loan, U.K. Swing Line Loan or Canadian Loan.

     “Loan Documents” means this Agreement, each Note, each Issuer Document, each Joinder
Agreement, each Foreign Borrower Request and Assumption Agreement, any agreement creating or
perfecting rights in Cash Collateral pursuant to the provisions of Section 2.16 and the Fee
Letter.

     “Loan Parties” means, collectively, each Domestic Loan Party and each Foreign
Borrower.

     “Mandatory Cost” means, with respect to any period, the percentage rate per annum
determined in accordance with Schedule 1.01A. 

     “Material Adverse Effect” means (a) a material adverse change in, or a material
adverse effect upon, the operations, business, properties, liabilities (actual or contingent) or
condition (financial or otherwise) of the Company and its Subsidiaries taken as a whole; (b) a
material impairment 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.

18

 

     “Maturity Date” means May 27, 2016; provided, however, that if such
date is not a Business Day, the Maturity Date shall be the next preceding Business Day.

     “MLPFS” means Merrill Lynch, Pierce, Fenner & Smith Incorporated in its capacity as a
joint lead arranger and co-book manager.

     “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 Company 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.

     “Note” has the meaning specified in Section 2.12(a).

     “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. The foregoing
shall also include (a) all obligations under any Swap Contract between any Loan Party and any
Lender or Affiliate of a Lender that is permitted to be incurred pursuant to Section
8.03(d) and (b) all obligations under any Treasury Management Agreement between any Loan Party
and any Lender or Affiliate of a Lender.

     “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 (i) with respect to any Loans on any date, the Dollar
Equivalent of the aggregate outstanding principal amount thereof after giving effect to any
borrowings and prepayments or repayments of any Loans occurring on such date; and (ii) with respect
to any L/C Obligations on any date, the Dollar Equivalent of 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 Company of Unreimbursed Amounts.

19

 

     “Overnight Rate” means, for any day, (a) with respect to any amount denominated
in Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight rate determined by the
Administrative Agent, the L/C Issuer or the Swing Line Lender or the Canadian Lender, as the case
may be, in accordance with banking industry rules on interbank compensation, and (b) with respect
to any amount denominated in an Alternative Currency, the greater of (i) an overnight rate
determined by the Administrative Agent, the L/C Issuer, the U.K. Swing Line Lender or the Canadian
Lender, as the case may be, in accordance with banking industry rules on interbank compensation and
(ii) the rate of interest per annum at which overnight deposits in the applicable Alternative
Currency, in an amount approximately equal to the amount with respect to which such rate is being
determined, would be offered for such day by a branch or Affiliate of Bank of America in the
applicable offshore interbank market for such currency to major banks in such interbank
market. 

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

     “Participating Member State” means each state so described in any EMU Legislation.

     “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto.

     “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 Company or any ERISA Affiliate or to which the Company or any
ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple
employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time
during the immediately preceding five plan years.

     “Permitted Acquisition” means an Investment consisting of an Acquisition by a Loan
Party or a Subsidiary thereof, provided that (a) the property acquired (or the property of
the Person acquired) in such Acquisition is used or useful in the same or a similar line of
business as the Company and its Subsidiaries were engaged in on the Closing Date (or any reasonable
extensions or expansions thereof), (b) in the case of an Acquisition of the Equity Interests of
another Person, the board of directors (or other comparable governing body) of such other Person
shall have duly approved such Acquisition, (c) upon giving effect to such Acquisition, the Loan
Parties shall be in compliance with the financial covenants set forth in Section 8.11 on a
Pro Forma Basis, and, in the case of an Acquisition for aggregate cash consideration at closing in
excess of $40,000,000, the Company shall have delivered to the Administrative Agent a Pro Forma
Compliance Certificate demonstrating such compliance, (d) the representations and warranties made
by the Loan Parties in each Loan Document shall be true and correct in all material respects at and
as if made as of the date of such Acquisition (after giving effect thereto), (e) if such
transaction involves the purchase of an interest in a partnership between a Loan Party as a general
partner and entities unaffiliated with the Company as the other partners, such transaction shall be
effected by having such equity interest acquired by a corporate holding company directly or
indirectly wholly-owned by such Loan Party newly formed for the sole purpose of effecting such
transaction and (f) the terms of any Indebtedness assumed in connection with such Acquisition shall
not be prohibited by this Agreement. Notwithstanding the foregoing, the Acquisition of a
non-wholly-owned Subsidiary shall not be a Permitted Acquisition.

     “Permitted Liens” means, at any time, Liens in respect of property of the Company or
any of its Subsidiaries permitted to exist at such time pursuant to the terms of Section
8.01.

     “Permitted Transfers” means (a) Dispositions of inventory in the ordinary course of
business; (b) Dispositions of machinery and equipment no longer used or useful in the conduct of
business of the Company and its Subsidiaries that are Disposed of in the ordinary course of
business; (c) Dispositions of property to the Company or any Subsidiary; provided, that if
the transferor of such Property is a Domestic

20

 

Loan Party either (i) the transferee thereof must be a Domestic Loan Party or (ii) to the
extent such transaction constitutes an Investment, such transaction is permitted under Section
8.02; (d) Dispositions of accounts receivable in connection with the collection or compromise
thereof; (e) licenses, sublicenses, leases or subleases granted to others not interfering in any
material respect with the business of the Company and its Subsidiaries; (f) the sale or disposition
of Cash Equivalents for fair market value; and (g) Dispositions of shares of the Company’s common
capital stock that have been repurchased by the Company and held in treasury, to the extent such
common capital stock constitutes “margin stock” within the meaning of Regulation U.

     “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 Company or, with respect to any such plan that is subject to Section 412
of the Internal Revenue Code or Title IV of ERISA, any ERISA Affiliate.

     “Platform” has the meaning specified in Section 7.02.

     “Pro Forma Basis” means, with respect to any transaction, that for purposes of
calculating the financial covenants set forth in Section 8.11, such transaction shall be
deemed to have occurred as of the first day of the most recent four fiscal quarter period ending
prior to the date of such transaction for which financial statements were required to be delivered
pursuant to Sections 7.01(a) or 7.01(b). In connection with the foregoing, (a)
with respect to any Disposition or Involuntary Disposition, (i) income statement and cash flow
statement items (whether positive or negative) attributable to the property disposed of shall be
excluded to the extent relating to any portion of such period occurring prior to the date of such
transaction and (ii) Indebtedness which is retired shall be excluded and deemed to have been
retired as of the first day of the applicable period and (b) with respect to any Acquisition, (i)
income statement items attributable to the Person or property acquired shall be included to the
extent relating to any period applicable in such calculations to the extent (A) such items are not
otherwise included in such income statement items for the Company and its Subsidiaries in
accordance with GAAP or in accordance with any defined terms set forth in Section 1.01 and
(B) such items are supported by financial statements or other information reasonably satisfactory
to the Administrative Agent and (ii) any Indebtedness incurred or assumed by the Company or any
Subsidiary (including the Person or property acquired) in connection with such transaction and any
Indebtedness of the Person or property acquired which is not retired in connection with such
transaction (A) shall be deemed to have been incurred as of the first day of the applicable period
and (B) if such Indebtedness has a floating or formula rate, shall have an implied rate of interest
for the applicable period for purposes of this definition determined by utilizing the rate which is
or would be in effect with respect to such Indebtedness as at the relevant date of determination
(at the end of any fiscal quarter of the Company).

     “Pro Forma Compliance Certificate” means a certificate of a Responsible Officer of the
Company containing reasonably detailed calculations of the financial covenants set forth in
Section 8.11 on a Pro Forma Basis after giving effect to the applicable transaction.

     “Public Lender” has the meaning specified in Section 7.02.

     “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, trustees and advisors of such Person and of such
Person’s Affiliates.

21

 

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

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

     “Required Lenders” means, at any time, Lenders holding in the aggregate more than 55%
of (a) the unfunded Commitments and the outstanding Committed Loans and L/C Obligations (with the
aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations,
Swing Line Loans and U.K. Swing Line Loans being deemed “held” by such Lender for purposes of this
definition) and (b) if the Commitments have been terminated, the outstanding Loans, L/C Obligations
and participations therein. The unfunded Commitments of, and the outstanding Loans held or deemed
held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required
Lenders.

     “Responsible Officer” means the chief executive officer, president, chief financial
officer, treasurer, director of treasury, assistant treasurer or controller of a Loan Party and any
other officer 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 Equity Interests of any Person, 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 Equity Interests or on account of any return of capital to such Person’s
stockholders, partners or members (or the equivalent Person thereof), or any option, warrant or
other right to acquire any such dividend or other distribution or payment.

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

     “Revolving Commitment” means, as to each Lender, its obligation to (a) make Revolving
Loans to the Borrowers pursuant to Section 2.01, (b) purchase participations in L/C
Obligations, (c) purchase participations in Swing Line Loans, (d) purchase participations in
Canadian Loans and (e) purchase participations in U.K. Swing Line Loans, in an aggregate principal
amount at any one time outstanding not to exceed the Dollar amount set forth opposite such Lender’s
name on Schedule 2.01 or in the Assignment and Assumption or in any documentation executed
by such Lender pursuant to Section 2.01(b) 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 Loan” has the meaning specified in Section 2.01(a).

     “Revaluation Date” means (a) with respect to any Loan, each of the following: (i)
each date of a Borrowing of a Eurocurrency Rate Loan denominated in an Alternative Currency, (ii)
each date of a

22

 

continuation of a Eurocurrency Rate Loan denominated in an Alternative Currency pursuant to
Section 2.02, and (iii) such additional dates as the Administrative Agent shall determine
or the Required Lenders shall require; and (b) with respect to any Letter of Credit, each of the
following: (i) each date of issuance of a Letter of Credit denominated in an Alternative Currency,
(ii) each date of an amendment of any such Letter of Credit having the effect of increasing the
amount thereof (solely with respect to the increased amount), (iii) each date of any payment by the
L/C Issuer under any Letter of Credit denominated in an Alternative Currency, (iv) in the case of
the Existing Letters of Credit, the Closing Date, and (v) such additional dates as the
Administrative Agent or the L/C Issuer shall determine or the Required Lenders shall require.

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

     “Same Day Funds” means (a) with respect to disbursements and payments in Dollars,
immediately available funds, and (b) with respect to disbursements and payments in an Alternative
Currency, same day or other funds as may be determined by the Administrative Agent or the L/C
Issuer, as the case may be, to be customary in the place of disbursement or payment for the
settlement of international banking transactions in the relevant Alternative Currency.

     “Sale and Leaseback Transaction” means, with respect to the Company or any Subsidiary,
any arrangement, directly or indirectly, with any Person whereby the Company or such Subsidiary
shall sell or transfer any property used or useful in its business, whether now owned or hereafter
acquired, and thereafter rent or lease such property or other property that it intends to use for
substantially the same purpose or purposes as the property being sold or transferred.

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

     “Securitization Transaction” means, with respect to any Person, any financing
transaction or series of financing transactions (including factoring arrangements) pursuant to
which such Person or any Subsidiary of such Person may sell, convey or otherwise transfer, or grant
a security interest in, accounts, payments, receivables, rights to future lease payments or
residuals or similar rights to payment to a special purpose subsidiary or affiliate of such Person.

     “Significant Subsidiary” means any direct or indirect Domestic Subsidiary of the
Company, whether now existing or hereafter acquired or created, that is not an Immaterial
Subsidiary.

     “Solvent” or “Solvency” means, with respect to any Person as of a particular
date, that on such date (a) such Person is able to pay its debts and other liabilities, contingent
obligations and other commitments as they mature in the ordinary course of business, (b) 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 in the ordinary course, (c)
such Person is not engaged in a business or a transaction, and is not about to engage in a business
or a transaction, for which such Person’s property would constitute unreasonably small capital, (d)
the fair value of the property of such Person is greater than the total amount of liabilities,
including contingent liabilities, of such Person and (e) 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. 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.

23

 

     “Special Notice Currency” means at any time an Alternative Currency, other than the
currency of a country that is a member of the Organization for Economic Cooperation and Development
at such time located in North America or Europe.

     “Spot Rate” for a currency means the rate determined by the Administrative Agent or
the L/C Issuer, as applicable, 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 as of which the foreign exchange computation is made; provided that the
Administrative Agent or the L/C Issuer may obtain such spot rate from another financial institution
designated by the Administrative Agent or the L/C Issuer if the Person acting in such capacity does
not have as of the date of determination a spot buying rate for any such currency; and
provided further that the L/C Issuer may use such spot rate quoted on the date as
of which the foreign exchange computation is made in the case of any Letter of Credit denominated
in an Alternative Currency. 

     “Sterling” and “£” mean the lawful currency of the United Kingdom.

     “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 Voting Stock is at
the time beneficially owned, 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 Company.

     “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 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). All Swing
Line Loans shall be denominated in Dollars.

24

 

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

     “Swing Line Sublimit” means an amount equal to the lesser of (a) $10,000,000 and (b)
the Aggregate Revolving Commitments. The Swing Line Sublimit is part of, and not in addition to,
the Aggregate Revolving Commitments.

     “Synthetic Lease” means any synthetic lease, tax retention operating lease,
off-balance sheet loan or similar off-balance sheet financing arrangement whereby the arrangement
is considered borrowed money indebtedness for tax purposes but is classified as an operating lease
or does not otherwise appear on a balance sheet under GAAP.

     “TARGET Day” means any day on which the Trans-European Automated Real-time Gross
Settlement Express Transfer (TARGET) payment system (or, if such payment system ceases to be
operative, such other payment system (if any) determined by the Administrative Agent to be a
suitable replacement) is open for the settlement of payments in Euro.

     “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.

     “Threshold Amount” means $20,000,000.

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

     “Treasury Management Agreement” means any agreement governing the provision of
treasury or cash management services, including deposit accounts, funds transfer, automated
clearinghouse, zero balance accounts, overdraft facilities, returned check concentration,
controlled disbursement, lockbox, account reconciliation and reporting and trade finance services.

     “Type” means, (a) with respect to any Committed Loan, its character as a Base Rate
Loan or a Eurocurrency Rate Loan and (b) with respect to a Canadian Loan, its character as a Base
Rate Loan, a Eurocurrency Rate Loan or a BA Rate Loan.

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

     “U.K. Qualifying Lender” means a Lender that is beneficially entitled to interest
payable in respect of an advance under a Loan Document and is (a) a Lender (i) that is a bank (as
defined for the purpose of section 879 of the United Kingdom Income Tax Act 2007) making an advance
under a Loan Document or (ii) in respect of an advance made under a Loan Document by a Person that
was a bank (as defined for the purpose of section 879 of the United Kingdom Income Tax Act 2007) at
the time such advance was made, and in each case is subject to United Kingdom corporation tax on
all payments of interest made with respect to such advance; (b) a Lender that has delivered a U.K.
Tax Confirmation to the U.K. Borrower and is (i) a company resident in the United Kingdom for
United Kingdom tax purposes, (ii) a partnership, each member of which is (x) a company resident in
the United Kingdom for United Kingdom tax purposes; or (y) a company not so resident in the United
Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which
brings into account in computing its chargeable profits (within the meaning of section 19 of the
United Kingdom Corporation Tax Act 2009) the whole or any share of the interest payable in respect
of that advance that falls to it by reason of Part 17 of the United Kingdom Corporation Tax Act
2009; or (iii) a company not so resident in

25

 

the United Kingdom which carries on a trade in the United Kingdom through a permanent
establishment and which brings the interest into account in computing its chargeable profits
(within the meaning of section 19 of the United Kingdom Corporation Tax Act 2009); or (c) a U.K.
Treaty Lender.

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

     “U.K. Swing Line Loan” has the meaning specified in Section 2.18(a). All U.K.
Swing Line Loans shall be denominated in Sterling.

     “U.K. Swing Line Loan Notice” means a notice of a Borrowing of U.K. Swing Line Loans
pursuant to Section 2.18(b), which, if in writing, shall be substantially in the form of
Exhibit 2.18.

     “U.K. Swing Line Sublimit” means an amount equal to the lesser of (a) £5,000,000 and
(b) the Aggregate Revolving Commitments. The U.K. Swing Line Sublimit is part of, and not in
addition to, the Aggregate Revolving Commitments.

     “U.K. Taxes” means Indemnified Taxes imposed by the United Kingdom.

     “U.K. Tax Confirmation” means confirmation by a Lender that the Person beneficially
entitled to interest payable to such Lender in respect of an advance under a Loan Document is
either (a) a company resident in the United Kingdom for United Kingdom tax purposes, (b) a
partnership, each member of which is (i) a company resident in the United Kingdom for United
Kingdom tax purposes; or (ii) a company not so resident in the United Kingdom which carries on a
trade in the United Kingdom through a permanent establishment and which brings into account in
computing its chargeable profits (within the meaning of section 19 of the United Kingdom
Corporation Tax Act 2009) the whole or any share of the interest payable in respect of that advance
that falls to it by reason of Part 17 of the United Kingdom Corporation Tax Act 2009; or (c) a
company not so resident in the United Kingdom that carries on a trade in the United Kingdom through
a permanent establishment and the interest payable in respect of such advance is taken into account
in computing the chargeable profits of such company (within the meaning of section 19 of the United
Kingdom Corporation Tax Act 2009).

     “U.K. Treaty Lender” means a Lender that (a) is treated as a resident of a U.K. Treaty
State (in accordance with the provisions of the relevant double taxation agreement) and (b) does
not carry on a business in the United Kingdom through a permanent establishment with which such
Lender’s participation is effectively connected.

     “U.K. Treaty State” means a jurisdiction party to an income tax treaty with the United
Kingdom that makes provision for full exemption from tax imposed by the United Kingdom on interest.

     “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 that Pension Plan pursuant to
Section 412 of the Internal Revenue 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. Prime Rate” means for any day the rate of interest in effect for such day as
publicly announced from time to time by the Administrative Agent as its “prime rate.” The “prime
rate” is a rate

26

 

set by the Administrative Agent based upon various factors including the Administrative
Agent’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 the “prime rate” announced by the Administrative Agent shall take effect at
the opening of business on the day specified in the public announcement of such change.

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

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, Exhibits and
Schedules shall be construed to refer to Articles and Sections of, and 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.

     (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. Except as otherwise specifically prescribed herein, all accounting
terms not specifically or completely defined herein shall be construed in conformity with, and all
financial data

27

 

(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.

     (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 Company or the
Required Lenders shall so request, the Administrative Agent, the Lenders and the Company shall
negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof
in light of such change in GAAP (subject to the approval of the Required Lenders); provided
that, until so amended, (i) such ratio or requirement shall continue to be computed in
accordance with GAAP prior to such change therein and (ii) the Company 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) Calculations. Notwithstanding the above, the parties hereto acknowledge and agree
that all calculations of the financial covenants in Section 8.11 (including for purposes of
determining the Applicable Rate) shall be made on a Pro Forma Basis with respect to any Disposition
(other than Permitted Transfers), Involuntary Disposition or Acquisition that exceeds $5,000,000
and occurred during the applicable period. For purposes of calculations made pursuant to the terms
of this Agreement, GAAP will be deemed to treat operating leases in a manner consistent with their
current treatment under GAAP as in effect on the Closing Date, notwithstanding any modifications or
interpretive changes thereto that may occur thereafter.

1.04 Rounding.

     Any financial ratios required to be maintained by the Company 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 Exchange Rates; Currency Equivalents.

     (a) The Administrative Agent or the L/C Issuer, as applicable, shall determine the Spot Rates
as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit
Extensions and Outstanding Amounts denominated in Alternative Currencies. Such Spot Rates shall
become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any
amounts between the applicable currencies until the next Revaluation Date to occur. Except for
purposes of financial statements delivered by Loan Parties hereunder or calculating financial
covenants hereunder or except as otherwise provided herein, the applicable amount of any currency
(other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as
so determined by the Administrative Agent or the L/C Issuer, as applicable.

     (b) Wherever in this Agreement in connection with a Borrowing, conversion, continuation or
prepayment of a Loan or the issuance, amendment or extension of a Letter of Credit, an amount, such
as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing, Loan or
Letter of Credit is denominated in an Alternative Currency, such amount shall be the relevant
Alternative Currency Equivalent of such Dollar amount (rounded to the nearest unit of such
Alternative Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative
Agent or the L/C Issuer, as the case may be.

28

 

1.06 Additional Alternative Currencies.

     (a) The Company may from time to time request that Revolving Loans be made and/or Letters of
Credit be issued in a currency other than those specifically listed in the definition of
“Alternative Currency;” provided that such requested currency is a lawful currency (other
than Dollars) that is readily available and freely transferable and convertible into Dollars. In
the case of any such request with respect to the making of Revolving Loans, such request shall be
subject to the approval of the Administrative Agent and the Lenders that would be obligated to make
Credit Extensions denominated in such requested currency; and in the case of any such request with
respect to the issuance of Letters of Credit, such request shall be subject to the approval of the
Administrative Agent and the L/C Issuer.

     (b) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., 20
Business Days prior to the date of the desired Credit Extension (or such other time or date as may
be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of
Credit, the L/C Issuer, in its or their sole discretion). In the case of any such request
pertaining to Revolving Loans, the Administrative Agent shall promptly notify each Lender thereof;
and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall
promptly notify the L/C Issuer thereof. Each Lender (in the case of any such request pertaining to
Revolving Loans) or the L/C Issuer (in the case of a request pertaining to Letters of Credit) shall
notify the Administrative Agent, not later than 11:00 a.m., ten Business Days after receipt of such
request whether it consents, in its sole discretion, to the making of Revolving Loans or the
issuance of Letters of Credit, as the case may be, in such requested currency.

     (c) Any failure by a Lender or the L/C Issuer, as the case may be, to respond to such request
within the time period specified in the preceding sentence shall be deemed to be a refusal by such
Lender or the L/C Issuer, as the case may be, to permit Revolving Loans to be made or Letters of
Credit to be issued in such requested currency. If the Administrative Agent and all the Lenders
that would be obligated to make Credit Extensions denominated in such requested currency consent to
making Revolving Loans in such requested currency, the Administrative Agent shall so notify the
Company and such currency shall thereupon be deemed for all purposes to be an Alternative Currency
hereunder for purposes of any Borrowings of Revolving Loans; and if the Administrative Agent and
the L/C Issuer consent to the issuance of Letters of Credit in such requested currency, the
Administrative Agent shall so notify the Company and such currency shall thereupon be deemed for
all purposes to be an Alternative Currency hereunder for purposes of any Letter of Credit
issuances. If the Administrative Agent shall fail to obtain consent to any request for an
additional currency under this Section 1.06, the Administrative Agent shall promptly so
notify the Company. Any specified currency of an Existing Letter of Credit that is neither Dollars
nor one of the Alternative Currencies specifically listed in the definition of “Alternative
Currency” shall be deemed an Alternative Currency with respect to such Existing Letter of Credit
only.

1.07 Change of Currency.

     (a) Each obligation of the Borrowers to make a payment denominated in the national currency
unit of any member state of the European Union that adopts the Euro as its lawful currency after
the date hereof shall be redenominated into Euro at the time of such adoption (in accordance with
the EMU Legislation). If, in relation to the currency of any such member state, the basis of
accrual of interest expressed in this Agreement in respect of that currency shall be inconsistent
with any convention or practice in the London interbank market for the basis of accrual of interest
in respect of the Euro, such expressed basis shall be replaced by such convention or practice with
effect from the date on which such member state adopts the Euro as its lawful currency;
provided that if any Borrowing in the currency of

29

 

such member state is outstanding immediately prior to such date, such replacement shall take
effect, with respect to such Borrowing, at the end of the then current Interest Period.

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

     (c) Each provision of this Agreement also shall be subject to such reasonable changes of
construction as the Administrative Agent may from time to time specify to be appropriate to reflect
a change in currency of any other country and any relevant market conventions or practices relating
to the change in currency.

1.08 Times of Day.

     Unless otherwise specified, all references herein to times of day shall be references to
Central time (daylight or standard, as applicable) in the United States.

1.09 Letter of Credit Amounts.

     Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be
deemed to be the Dollar Equivalent of the stated amount of such Letter of Credit in effect at such
time; provided, however, 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 Dollar Equivalent of 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.

ARTICLE II

THE COMMITMENTS AND CREDIT EXTENSIONS

2.01 Committed Loans.

     (a) Revolving Loans. Subject to the terms and conditions set forth herein, each
Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to the Borrowers
(other than the Canadian Borrower) in Dollars or in one or more Alternative Currencies 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 such Lender’s Revolving Commitment; provided,
however, that after giving effect to any Borrowing of Revolving Loans, (i) the Total
Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate
Outstanding Amount of the Revolving Loans of any Lender, plus such Lender’s Applicable
Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable
Percentage of the Outstanding Amount of all Swing Line Loans plus such Lender’s Applicable
Percentage of the Outstanding Amount of all Canadian Loans plus such Lender’s Applicable
Percentage of the Outstanding Amount of all U.K. Swing Line Loans shall not exceed such Lender’s
Revolving Commitment. Within the limits of each Lender’s Revolving Commitment, and subject to the
other terms and conditions hereof, Revolving Loans may be borrowed under this Section 2.01,
prepaid under Section 2.06, and reborrowed under this Section 2.01. Revolving
Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

30

 

     (b) Increases of the Aggregate Revolving Commitments. The Company shall have the
right, upon at least five (5) Business Days’ prior written notice to the Administrative Agent, to
increase the Aggregate Revolving Commitments by up to $100,000,000 in the aggregate in one or more
increases, subject, however, in any such case, to satisfaction of the following
conditions precedent:

     (i) no Default shall have occurred and be continuing on the date on which such increase
is to become effective;

     (ii) the representations and warranties set forth in Article VI shall be true
and correct on and as of the date on which such increase is to become effective, 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;

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

     (iv) such requested increase shall only be effective upon receipt by the Administrative
Agent of (A) additional Revolving Commitments in a corresponding amount of such requested
increase from either existing Lenders and/or one or more other institutions that qualify as
Eligible Assignees (it being understood and agreed that no existing Lender shall be required
to provide an additional Revolving Commitment) and (B) documentation from each institution
providing an additional Revolving Commitment evidencing its additional Revolving Commitment
and its obligations under this Agreement in form and substance acceptable to the
Administrative Agent;

     (v) the Administrative Agent shall have received all documents (including resolutions
of the board of directors of the Company) it may reasonably request relating to the
corporate or other necessary authority for such increase and the validity of such increase
in the Aggregate Revolving Commitments, and any other matters relevant thereto, all in form
and substance reasonably satisfactory to the Administrative Agent; and

     (vi) if any Revolving Loans are outstanding at the time of the increase in the
Aggregate Revolving Commitments, the Borrowers shall, if applicable, prepay one or more
existing Revolving Loans (such prepayment to be subject to Section 3.05) in an
amount necessary such that after giving effect to the increase in the Aggregate Revolving
Commitments, each Lender will hold its pro rata share (based on its Applicable Percentage of
the increased Aggregate Revolving Commitments) of outstanding Revolving Loans.

2.02 Borrowings, Conversions and Continuations of Committed Loans.

     (a) Each Borrowing, each conversion of Committed Loans from one Type to the other, and each
continuation of Committed Loans that are Eurocurrency Rate Loans shall be made upon the Company’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 1:00 p.m. (i) three Business Days prior
to the requested date of any Borrowing of, conversion to or continuation of, Eurocurrency Rate
Loans denominated in Dollars or of any conversion of Eurocurrency Rate Loans denominated in Dollars
to Base Rate Loans, (ii) four Business Days prior to the requested date of any Borrowing or
continuation of Eurocurrency Rate Loans denominated in Alternative Currencies (including Special
Notice Currencies), and (iii) on the requested date of any Borrowing of Base Rate Loans. Each
telephonic notice by the Company 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

31

 

of the Company. Each Borrowing of, conversion to or continuation of Eurocurrency Rate Loans
shall be in a principal amount of (i) £500,000 or a whole multiple of £100,000 in excess thereof,
in the case of Eurocurrency Rate Loans borrowed by the U.K. Borrower in Sterling and (ii)
$3,000,000 or a whole multiple of $100,000 in excess thereof, in all other cases. Except as
provided in Sections 2.03(c), 2.04(c) and 2.18(c), each Borrowing of or
conversion to Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of
$100,000 in excess thereof. Each Committed Loan Notice (whether telephonic or written) shall
specify (i) whether the Company is requesting a Borrowing, a conversion of Committed Loans from one
Type to the other, or a continuation of Eurocurrency Rate Loans, (ii) the requested date of the
Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii)
the principal amount of Committed Loans to be borrowed, converted or continued, (iv) the Type of
Committed Loans to be borrowed or to which existing Committed Loans are to be converted, (v) if
applicable, the duration of the Interest Period with respect thereto, (vi) the currency of the
Committed Loans to be borrowed and (vii) the Borrower. If the Company fails to specify a currency
in a Committed Loan Notice requesting a Borrowing, then the Committed Loans so requested shall be
made in Dollars. If the Company fails to specify a Type of a Committed Loan in a Committed Loan
Notice or if the Company fails to give a timely notice requesting a conversion or continuation,
then the applicable Committed Loans shall be made as, or converted to, Base Rate Loans;
provided, however, that in the case of a failure to timely request a continuation
of Committed Loans denominated in an Alternative Currency, such Committed Loans shall be continued
as Eurocurrency Rate Loans in their original currency with an Interest Period of one month. Any
such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest
Period then in effect with respect to the applicable Eurocurrency Rate Loans. If the Company
requests a Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans in any Committed
Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an
Interest Period of one month. No Committed Loan may be converted into or continued as a Committed
Loan denominated in a different currency, but instead must be prepaid in the original currency of
such Loan and reborrowed in the other currency.

     (b) Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly
notify each Lender of the amount (and currency) of its Applicable Percentage of the applicable
Committed Loans, and if no timely notice of a conversion or continuation is provided by the
Company, the Administrative Agent shall notify each Lender of the details of any automatic
conversion to Base Rate Loans or continuation of Committed Loans denominated in a currency other
than Dollars, in each case as described in the preceding subsection. In the case of a Borrowing,
each Lender shall make the amount of its Committed Loan available to the Administrative Agent in
Same Day Funds at the Administrative Agent’s Office for the applicable currency not later than 1:00
p.m., in the case of any Committed Loan denominated in Dollars, and not later than the Applicable
Time specified by the Administrative Agent in the case of any Committed Loan in an Alternative
Currency, in each case on the Business Day specified in the applicable Committed Loan Notice. Upon
satisfaction of the applicable conditions set forth in Section 5.02 (and, if such Borrowing
is the initial Credit Extension, Section 5.01), the Administrative Agent shall make all
funds so received available to the Company or the other applicable Borrower in like funds as
received by the Administrative Agent either by (i) crediting the account of such 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 Company; provided, however, that if, on the date of a Borrowing of
Revolving Loans denominated in Dollars, there are L/C Borrowings outstanding, then the proceeds of
such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings and
second, shall be made available to the applicable Borrower as provided above. Each Lender,
at its option, may make any Loan by causing any domestic or foreign branch or Affiliate of such
Lender to make such Loan, provided that any exercise of such option shall not affect the
obligation of the applicable Borrower to repay such Loan in accordance with the terms of this
Credit Agreement.

32

 

     (c) Except as otherwise provided herein, a Committed Loan that is a Eurocurrency Rate Loan may
be continued or converted only on the last day of the Interest Period for such Eurocurrency Rate
Loan. During the existence of a Default, no Committed Loans may be requested as, converted to or
continued as Eurocurrency Rate Loans (whether in Dollars or any Alternative Currency) without the
consent of the Required Lenders, and the Required Lenders may demand that any or all of the then
outstanding Committed Loans that are denominated in an Alternative Currency be prepaid, or
redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the
then current Interest Period with respect thereto.

     (d) The Administrative Agent shall promptly notify the Company and the Lenders of the interest
rate applicable to any Interest Period for Committed Loans that are Eurocurrency Rate Loans upon
determination of such interest rate. At any time that Committed Loans that are Base Rate Loans are
outstanding, the Administrative Agent shall notify the Company 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 Borrowings, all conversions of Committed Loans from one Type to
the other, and all continuations of Committed Loans as the same Type, there shall not be more than
(i) ten Interest Periods in effect with respect to Committed Loans denominated in Dollars and (ii)
fifteen Interest Periods in effect with respect to Committed Loans denominated in Alternative
Currencies.

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 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 denominated in Dollars or in one or more
Alternative Currencies for the account of the Company or any of its Subsidiaries, and to
amend or extend Letters of Credit previously issued by it, in accordance with subsection (b)
below, and (2) to honor drawings under the Letters of Credit; and (B) the Lenders severally
agree to participate in Letters of Credit issued for the account of the Company 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
Outstandings shall not exceed the Aggregate Revolving Commitments, (y) the aggregate
Outstanding Amount of the Revolving Loans of any Lender, plus such Lender’s
Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such
Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans
plus such Lender’s Applicable Percentage of the Outstanding Amount of all Canadian
Loans plus such Lender’s Applicable Percentage of the Outstanding Amount of all U.K.
Swing Line Loans shall not exceed such Lender’s Revolving Commitment and (z) the Outstanding
Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit. Each request
by the Company for the issuance or amendment of a Letter of Credit shall be deemed to be a
representation by the Company that the L/C Credit Extension so requested complies with the
conditions set forth in the provisos to the preceding sentence. Within the foregoing
limits, and subject to the terms and conditions hereof, the Company’s ability to obtain
Letters of Credit shall be fully revolving, and accordingly the Company 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. All Existing Letters of Credit shall be deemed to
have been issued pursuant hereto, and from and after the Closing Date shall be subject to
and governed by the terms and conditions hereof.

33

 

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

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

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

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

     (A) any order, judgment or decree of any Governmental Authority or arbitrator
shall by its terms purport to enjoin or restrain the L/C Issuer from issuing such
Letter of Credit, or any Law applicable to the L/C Issuer or any request or
directive (whether or not having the force of law) from any Governmental Authority
with jurisdiction over the L/C Issuer shall prohibit, or request that the L/C Issuer
refrain from, the issuance of letters of credit generally or such Letter of Credit
in particular or shall impose upon the L/C Issuer with respect to such Letter of
Credit any restriction, reserve or capital requirement (for which the L/C Issuer is
not otherwise compensated hereunder) not in effect on the Closing Date, or shall
impose upon the L/C Issuer any unreimbursed 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 borrowers 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 $100,000, in the case
of a commercial Letter of Credit, or $250,000, in the case of a standby Letter of
Credit;

     (D) except as otherwise agreed by the Administrative Agent and the L/C Issuer,
such Letter of Credit is to be denominated in a currency other than Dollars or an
Alternative Currency; or

     (E) any Lender is at that time a Defaulting Lender, unless the L/C Issuer has
entered into arrangements, including the delivery of Cash Collateral, satisfactory
to the L/C Issuer (in its sole discretion) with the Company or such Lender to
eliminate the L/C Issuer’s actual or potential Fronting Exposure (after giving
effect to Section 2.17(a)(iv)) with respect to the Defaulting Lender arising
from either the Letter of Credit then proposed to be issued or that Letter of Credit
and all other L/C Obligations as to which the L/C Issuer has actual or potential
Fronting Exposure, as it may elect in its sole discretion.

     (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

34

 

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 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
X 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 X 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.

     (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 Company 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 Company. 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 (3)
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 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 and currency 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 satisfactory to the L/C Issuer (A) the Letter of Credit to be amended; (B) the
proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the
proposed amendment; and (D) such other matters as the L/C Issuer may reasonably require.
Additionally, the Company 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 Company 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 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
V shall not 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 Company
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 Lender shall be deemed to, and
hereby irrevocably and unconditionally agrees to, purchase from

35

 

the L/C Issuer a risk participation in such Letter of Credit in an amount equal to the
product of such Lender’s Applicable Percentage times the amount of such Letter of
Credit.

     (iii) If the Company so requests in any applicable Letter of Credit Application, the
L/C Issuer may, in its sole and absolute discretion, agree to 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. Unless otherwise
directed by the L/C Issuer, the Company 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 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 Letter of Credit Expiration Date; provided, however, 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 (1) from the Administrative Agent that the
Required Lenders have elected not to permit such extension or (2) from the Administrative
Agent, any Lender or the Company that one or more of the applicable conditions specified in
Section 5.02 is not then satisfied, and in each 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 Company 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 drawing
under such Letter of Credit, the L/C Issuer shall notify the Company and the Administrative
Agent thereof. In the case of a Letter of Credit denominated in an Alternative Currency,
the Company shall reimburse the L/C Issuer in such Alternative Currency, unless (A) the L/C
Issuer (at its option) shall have specified in such notice that it will require
reimbursement in Dollars, or (B) in the absence of any such requirement for reimbursement in
Dollars, the Company shall have notified the L/C Issuer promptly following receipt of the
notice of drawing that the Company will reimburse the L/C Issuer in Dollars. In the case of
any such reimbursement in Dollars of a drawing under a Letter of Credit denominated in an
Alternative Currency, the L/C Issuer shall notify the Company of the Dollar Equivalent of
the amount of the drawing promptly following the determination thereof. Not later than
11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit to be
reimbursed in Dollars, or the Applicable Time on the date of any payment by the L/C Issuer
under a Letter of Credit to be reimbursed in an Alternative Currency (each such date, an
“Honor Date”), the Company shall reimburse the L/C Issuer through the Administrative
Agent in an amount equal to the amount of such drawing and in the applicable currency. If
the Company fails to so reimburse the L/C Issuer by such time, the Administrative Agent
shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing
(expressed in Dollars in the amount of the Dollar Equivalent thereof in the case of a Letter
of Credit denominated in an Alternative Currency) (the

36

 

“Unreimbursed Amount”), and the amount of such Lender’s Applicable Percentage
thereof. In such event, the Company shall be deemed to have requested a Borrowing of
Revolving Loans that are 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
conditions set forth in Section 5.02 (other than the delivery of a Committed Loan
Notice) and provided that, after giving effect to such Borrowing, the Total Revolving
Outstandings shall not exceed the Aggregate Revolving Commitments. 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.

     (ii) Each Lender shall upon any notice pursuant to Section 2.03(c)(i) make
funds available (and the Administrative Agent may apply Cash Collateral provided for this
purpose) for the account of the L/C Issuer, in Dollars, at the Administrative Agent’s Office
for Dollar-denominated payments in an amount equal to its Applicable 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 Lender that so makes funds available shall be deemed to have made a
Revolving Loan that is a Base Rate Loan to the Company in such amount. The Administrative
Agent shall remit the funds so received to the L/C Issuer in Dollars.

     (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a
Borrowing of Revolving Loans that are Base Rate Loans because the conditions set forth in
Section 5.02 cannot be satisfied or for any other reason, the Company 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 applicable to
Base Rate Loans. In such event, each 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 Lender funds its Revolving 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 Percentage of such amount shall be
solely for the account of the L/C Issuer.

     (v) Each Lender’s obligation to make Revolving 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 Company or any other Person for any
reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any other
occurrence, event or condition, whether or not similar to any of the foregoing;
provided, however, that each Lender’s obligation to make Revolving Loans
pursuant to this Section 2.03(c) is subject to the conditions set forth in
Section 5.02 (other than delivery by the Company of a Committed Loan Notice). No
such making of an L/C Advance shall relieve or otherwise impair the obligation of the
Company 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.

37

 

     (vi) If any 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 applicable
Overnight Rate from time to time in effect, 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 Revolving Loan included in the relevant 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 Lender (through the Administrative Agent) with respect to any amounts owing under
this clause (vi) shall be conclusive absent manifest error.

     (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 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 Company or otherwise, including proceeds of cash
collateral applied thereto by the Administrative Agent), the Administrative Agent will
distribute to such Lender its Applicable Percentage thereof in Dollars and 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 Lender shall pay to the
Administrative Agent for the account of the L/C Issuer its Applicable 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 applicable
Overnight 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 Company 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
Company 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;

38

 

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

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

     (v) any adverse change in the relevant exchange rates or in the availability of the
relevant Alternative Currency to the Company or any Subsidiary or in the relevant currency
markets generally; or

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

The Company 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 Company’s instructions
or other irregularity, the Company will immediately notify the L/C Issuer. The Company 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 Company 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 such 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 Lenders or the Required Lenders, as
applicable; (ii) any action taken or omitted in the absence of gross negligence or willful
misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document
or instrument related to any Letter of Credit or Issuer Document. The Company hereby assumes all
risks of the acts or omissions of any beneficiary or transferee with respect to its use of any
Letter of Credit; provided, however, that this assumption is not intended to, and
shall not, preclude the Company’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, however, that
anything in such clauses to the contrary notwithstanding, the Company may have a claim
against the L/C Issuer, and the L/C Issuer may be liable to the Company, to the extent, but only to
the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the
Company which the Company 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

39

 

any instrument transferring or assigning or purporting to transfer or
assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in
part, which may prove to be invalid or ineffective for any reason.

     (g) Applicability of ISP and UCP. Unless otherwise expressly agreed by the L/C Issuer
and the Company when a Letter of Credit is issued (including any such agreement applicable to an
Existing Letter of Credit), (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.

     (h) Letter of Credit Fees. The Company shall pay to the Administrative Agent for the
account of each Lender in accordance with its Applicable Percentage, in Dollars, a Letter of Credit
fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate
times the Dollar Equivalent of the daily amount available to be drawn under such Letter of
Credit; provided, however, any Letter of Credit Fees otherwise payable for the
account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting
Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to this Section
2.03 shall be payable, to the maximum extent permitted by applicable Law, to the other Lenders
in accordance with the upward adjustments in their respective Applicable Percentages allocable to
such Letter of Credit pursuant to Section 2.17(a)(iv), with the balance of such fee, if
any, payable to the L/C Issuer for its own account. 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 1.09. Letter of Credit Fees shall be (i) due and
payable on the first Business Day after the end of each March, June, September and December,
commencing with the first such date to occur after the issuance 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 standby 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 Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the
Default Rate.

     (i) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The
Company shall pay directly to the L/C Issuer for its own account, in Dollars, a fronting fee (i)
with respect to each commercial Letter of Credit, at the rate specified in the Fee Letter, computed
on the Dollar Equivalent of the amount of such Letter of Credit, and payable upon the issuance
thereof, (ii) with respect to any amendment of a commercial Letter of Credit increasing the amount
of such Letter of Credit, at a rate separately agreed between the Company and the L/C Issuer,
computed on the Dollar Equivalent of the amount of such increase, and payable upon the
effectiveness of such amendment, and (iii) with respect to each standby Letter of Credit, at the
rate per annum specified in the Fee Letter, computed on the Dollar Equivalent of the daily amount
available to be drawn under such Letter of Credit and 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 1.09. In addition,
the Company shall pay directly to the L/C Issuer for its own account, in Dollars, 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.

40

 

     (j) 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.

     (k) 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 Company shall be obligated to reimburse the L/C Issuer hereunder for any and
all drawings under such Letter of Credit. The Company hereby acknowledges that the issuance of
Letters of Credit for the account of Subsidiaries inures to the benefit of the Company, and that
the Company’s business derives substantial benefits from the businesses of such Subsidiaries.

2.04 Swing Line Loans.

     (a) Swing Line Subfacility. Subject to the terms and conditions set forth herein, the
Swing Line Lender, in reliance upon the agreements of the other Lenders set forth in this
Section 2.04, shall, unless (i) any Lender at such time is a Defaulting Lender hereunder
and (ii) the Swing Line Lender has not entered into arrangements reasonably satisfactory to it with
the Company or such Defaulting Lender to eliminate the Swing Line Lender’s Fronting Exposure with
respect to such Defaulting Lender (including by operation of Section 2.17(a)(iv)), in which
case the Swing Line Lender may in its sole discretion, make loans (each such loan, a “Swing
Line Loan”) to the Company in Dollars 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 Percentage of the Outstanding Amount of Revolving Loans, L/C Obligations, U.K. Swing
Line Loans and Canadian Loans of the Lender acting as Swing Line Lender, may exceed the amount of
such Lender’s Revolving Commitment; provided, however, that after giving effect to
any Swing Line Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving
Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Loans of any Lender,
plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations,
plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans
plus such Lender’s Applicable Percentage of the Outstanding Amount of all Canadian Loans
plus such Lender’s Applicable Percentage of the Outstanding Amount of all U.K. Swing Line
Loans shall not exceed such Lender’s Revolving Commitment, and provided, further,
that the Company 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 Company may borrow under this Section 2.04, prepay under Section 2.06,
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 Lender shall
be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line
Lender a risk participation in such Swing Line Loan in an amount equal to the product of such
Lender’s Applicable Percentage times the amount of such Swing Line Loan.

     (b) Borrowing Procedures. Each Borrowing of Swing Line Loans shall be made upon the
Company’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 2:00 p.m. on the requested borrowing date, and shall specify
(i) the amount to be borrowed, which shall be a minimum principal amount of $250,000 and integral
multiples of $100,000 in excess thereof, 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 Company. 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

41

 

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 Lender) prior to 3:00
p.m. on the date of the proposed Borrowing of Swing Line Loans (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 V is not then satisfied, then, subject to the terms and conditions
hereof, the Swing Line Lender will, not later than 4:00 p.m. on the borrowing date specified in
such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Company.

     (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 Company (which hereby irrevocably authorizes the Swing Line Lender to so
request on its behalf), that each Lender make a Revolving Loan that is a Base Rate Loan in
an amount equal to such Lender’s Applicable 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 conditions set forth
in Section 5.02 (other than the delivery of a Committed Loan Notice) and provided
that, after giving effect to such Borrowing, the Total Revolving Outstandings shall not
exceed the Aggregate Revolving Commitments. The Swing Line Lender shall furnish the Company
with a copy of the applicable Committed Loan Notice promptly after delivering such notice to
the Administrative Agent. Each Lender shall make an amount equal to its Applicable
Percentage of the amount specified in such Committed Loan Notice available to the
Administrative Agent in Same Day Funds for the account of the Swing Line Lender at the
Administrative Agent’s Office for Dollar-denominated deposits not later than 1:00 p.m. on
the day specified in such Committed Loan Notice, whereupon, subject to Section
2.04(c)(ii), each Lender that so makes funds available shall be deemed to have made (and
the Company shall be deemed to have borrowed) a Revolving Loan that is a Base Rate Loan to
the Company in such amount. The Administrative Agent shall remit the funds so received to
the Swing Line Lender.

     (ii) If for any reason any Swing Line Loan cannot be refinanced by such a Borrowing of
Revolving Loans in accordance with Section 2.04(c)(i), the request for Base Rate
Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request
by the Swing Line Lender that each of the Lenders fund its risk participation in the
relevant Swing Line Loan and each Lender’s payment to the 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 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 applicable
Overnight Rate from time to time in effect, 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 Revolving Loan included in the
relevant Borrowing or funded participation in the relevant Swing Line Loan, as the case may
be.

42

 

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 Lender’s obligation to make Revolving 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 that such Lender may have against
the Swing Line Lender, the Company or any other Person for any reason whatsoever, (B) the
occurrence or continuance of a Default, or (C) any other occurrence, event or condition,
whether or not similar to any of the foregoing; provided, however, that each
Lender’s obligation to make Revolving Loans pursuant to this Section 2.04(c) is
subject to the conditions set forth in Section 5.02. No such funding of risk
participations shall relieve or otherwise impair the obligation of the Company to repay
Swing Line Loans, together with interest as provided herein.

     (d) Repayment of Participations.

     (i) At any time after any Lender has purchased and funded a risk participation in a
Swing Line Loan, if the Swing Line Lender receives any payment on account of such Swing Line
Loan, the Swing Line Lender will distribute to such Lender its Applicable 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 Lender shall pay
to the Swing Line Lender its Applicable 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 applicable Overnight 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 Company for interest on the Swing Line Loans. Until each Lender
funds its Revolving Loans that are Base Rate Loans or risk participation pursuant to this
Section 2.04 to refinance such Lender’s Applicable Percentage of any Swing Line Loan,
interest in respect of such Applicable Percentage shall be solely for the account of the Swing Line
Lender.

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

2.05 Canadian Loan Subfacility.

     (a) Canadian Subfacility. Subject to the terms and conditions set forth herein, the
Canadian Lender, in reliance upon the agreements of the other Lenders set forth in this Section
2.05, shall, unless (i) any Lender at such time is a Defaulting Lender hereunder and (ii) the
Canadian Lender has not entered into arrangements reasonably satisfactory to it with the Company or
such Defaulting Lender to eliminate the Canadian Lender’s Fronting Exposure with respect to such
Defaulting Lender (including by operation
of Section 2.17(a)(iv)), in which case the Canadian Lender may in its sole discretion,
make loans (each such loan, a “Canadian Loan”) to the Canadian Borrower in Canadian Dollars
or Dollars from time to time on any Business Day during the Availability Period in an aggregate
amount not to exceed at any time

43

 

outstanding the amount of the Canadian Sublimit, notwithstanding
the fact that such Canadian Loans, when aggregated with the Applicable Percentage of the
Outstanding Amount of Revolving Loans, Swing Line Loans, U.K. Swing Line Loans and L/C Obligations
of the Lender acting as Canadian Lender, may exceed the amount of such Lender’s Revolving
Commitment; provided, however, that after giving effect to any Canadian Loan, (i)
the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the
aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Lender’s
Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s
Applicable Percentage of the Outstanding Amount of all Swing Line Loans plus such Lender’s
Applicable Percentage of the Outstanding Amount of all Canadian Loans plus such Lender’s
Applicable Percentage of the Outstanding Amount of all U.K. Swing Line Loans shall not exceed such
Lender’s Revolving Commitment. Within the foregoing limits, and subject to the other terms and
conditions hereof, the Canadian Borrower may borrow under this Section 2.05, prepay under
Section 2.06, and reborrow under this Section 2.05. Canadian Loans may be Base
Rate Loans, Eurocurrency Rate Loans or BA Rate Loans, as further provided herein.

     (b) Borrowings, Conversions and Continuations of Canadian Loans.

     (i) Each Borrowing, each conversion of Canadian Loans from one Type to the other, and
each continuation of Eurocurrency Rate Loans or BA Rate Loans shall be made upon the
Canadian Borrower’s irrevocable notice to the Canadian Lender and the Administrative Agent,
which may be given by telephone. Each such notice must be received not later than 12:00
noon (A) two Business Days prior to the requested date of any Borrowing of, conversion to or
continuation of, Eurocurrency Rate Loans or BA Rate Loans or of any conversion of
Eurocurrency Rate Loans or BA Rate Loans to Base Rate Loans or (B) on the requested date of
any Borrowing of Base Rate Loans. Each such notice shall specify (1) whether the Canadian
Borrower is requesting a Borrowing, a conversion of Canadian Loans from one Type to the
other, or a continuation of Eurocurrency Rate Loans or BA Rate Loans, (2) the requested date
of the Borrowing, conversion or continuation, as the case may be (which shall be a Business
Day), (3) the principal amount of Canadian Loans to be borrowed, converted or continued,
which shall be a minimum principal amount of (x) C$250,000 and integral multiples of
C$100,000 in excess thereof, in the case of BA Rate Loans (y) $250,000 and integral
multiples of $100,000 in excess thereof, in the case of Eurocurrency Rate Loans and (z)
C$250,000 ($250,000) and integral multiples of C$100,000 ($100,000) in excess thereof, in
the case of Base Rate Loans (4) the Type of Canadian Loans to be borrowed or to which
existing Canadian Loans are to be converted, and (5) if applicable, the duration of the
Interest Period with respect thereto. Each such telephonic notice must be confirmed
promptly by delivery to the Canadian Lender and the Administrative Agent of a written
Canadian Loan Notice, appropriately completed and signed by a Responsible Officer of the
Canadian Borrower. If the Canadian Borrower fails to specify a Type of Canadian Loan in a
Canadian Loan Notice or if the Canadian Borrower fails to give a timely notice requesting a
conversion or continuation, then the applicable Canadian Loans shall be made as, or
converted to, Base Rate Loans. Any automatic conversion to Base Rate Loans shall be
effective as of the last day of the Interest Period then in effect with respect to the
applicable Eurocurrency Rate Loans or BA Rate Loans. If the Canadian Borrower requests a
Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans or BA Rate Loans in
any such Canadian Loan Notice, but fails to specify an Interest Period, it will be deemed to
have specified an Interest Period of one month. Except as otherwise provided herein, a
Canadian Loan that is a Eurocurrency Rate Loan or a BA Rate Loan may be continued or
converted only on the last day of an Interest Period for such Canadian Loan. During the
existence of a Default, no Canadian
Loans may be requested as, converted to or continued as Eurocurrency Rate Loans or BA
Rate Loans without the consent of the Required Lenders. No Canadian Loan may be converted
into or

44

 

continued as a Canadian Loan denominated in a different currency, but instead must
be prepaid in the original currency of such Canadian Loan and reborrowed in the other
currency.

     (ii) Promptly after receipt by the Canadian Lender of any telephonic Canadian Loan
Notice, the Canadian Lender will confirm with the Administrative Agent (by telephone or in
writing) that the Administrative Agent has also received such Canadian Loan Notice and, if
not, the Canadian Lender will notify the Administrative Agent (by telephone or in writing)
of the contents thereof. Unless the Canadian Lender has received notice (by telephone or in
writing) from the Administrative Agent (including at the request of any Lender) prior to
2:00 p.m. on the date of the proposed Borrowing of Canadian Loans (A) directing the Canadian
Lender not to make such Canadian Loan as a result of the limitations set forth in the first
proviso to the first sentence of Section 2.05(a), or (B) that one or more of the
applicable conditions specified in Article V is not then satisfied, then, subject to
the terms and conditions hereof, the Canadian Lender will, not later than 3:00 p.m. on the
borrowing date specified in such Canadian Loan Notice, make the amount of its Canadian Loan
available to the Canadian Borrower.

     (iii) The Canadian Lender shall promptly notify the Canadian Borrower and the
Administrative Agent of the interest rate applicable to any Interest Period for any
Eurocurrency Rate Loans or BA Rate Loans upon determination of such interest rate. At any
time that Base Rate Loans are outstanding, the Canadian Lender shall notify the Canadian
Borrower and Administrative Agent of any change in Canadian Lender’s “prime rate” used in
determining the Base Rate promptly following the public announcement of such change.

     (iv) After giving effect to all Borrowings of Canadian Loans, all conversions of
Canadian Loans from one Type to the other, and all continuations of Canadian Loans as the
same Type, there shall not be more than seven Interest Periods in effect with respect to
Canadian Loans.

     (c) Refinancing of Canadian Loans.

     (i) The Canadian Lender at any time after the occurrence and during the continuance of
an Event of Default, in its sole and absolute discretion, may request that the Company cause
the Canadian Borrower to repay all outstanding Canadian Loans. The Canadian Lender shall
notify the Administrative Agent of any such request.

     (ii) If the Canadian Borrower has not repaid all outstanding Canadian Loans within one
Business Day following any request from the Canadian Lender made pursuant to Section
2.05(c)(i), then the Canadian Lender may request, on behalf of the Company and the
Canadian Borrower (each which hereby irrevocably authorizes the Canadian Lender to so
request on its behalf), that each Lender make a Revolving Loan to the Company that is a Base
Rate Loan in an amount equal to such Lender’s Applicable Percentage of the Dollar Equivalent
amount of Canadian 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
conditions set forth in Section 5.02 (other than the absence of any Default or the
delivery of a Committed Loan Notice) and provided that, after giving effect to such
Borrowing, the Total Revolving Outstandings shall not exceed the Aggregate Revolving
Commitments. The Canadian Lender shall furnish the Company and the Canadian Borrower with a
copy of the applicable Committed Loan Notice promptly after
delivering such notice to the Administrative Agent. Each Lender shall make an amount equal
to its Applicable Percentage of the amount specified in such Committed Loan Notice available
to

45

 

the Administrative Agent in Same Day Funds for the account of the Canadian Lender at the
Administrative Agent’s Office for Dollar-denominated deposits not later than 1:00 p.m. on
the day specified in such Committed Loan Notice, whereupon, subject to Section
2.05(c)(ii), each Lender that so makes funds available shall be deemed to have made (and
the Company shall be deemed to have borrowed) a Revolving Loan that is a Base Rate Loan to
the Company in such amount. The Administrative Agent shall remit the funds so received to
the Canadian Lender who shall apply such funds to the repayment of outstanding Canadian
Loans.

     (iii) If for any reason any Canadian Loan cannot be refinanced by such a Borrowing of
Revolving Loans in accordance with Section 2.05(c)(ii), the request for Base Rate
Loans submitted by the Canadian Lender as set forth herein shall be deemed to be a request
by the Canadian Lender that each of the Lenders purchase and fund a risk participation in
the relevant Canadian Loan in an amount equal to the product of such Lender’s Applicable
Percentage times the Dollar Equivalent amount of such Canadian Loan and each
Lender’s payment to the Administrative Agent for the account of the Canadian Lender pursuant
to Section 2.05(c)(ii) shall be deemed payment in respect of such participation.

     (iv) If any Lender fails to make available to the Administrative Agent for the account
of the Canadian Lender any amount required to be paid by such Lender pursuant to the
foregoing provisions of this Section 2.05(c) by the time specified in Section
2.05(c)(ii), the Canadian Lender shall be entitled to receive 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 Canadian Lender at a rate per annum equal to the applicable
Overnight Rate from time to time in effect, plus any administrative, processing or similar
fees customarily charged by the Canadian 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 Revolving Loan included in the relevant Borrowing or funded
participation in the relevant Canadian Loan, as the case may be. A certificate of the
Canadian Lender submitted to any Lender (through the Administrative Agent) with respect to
any amounts owing under this clause (iv) shall be conclusive absent manifest error.

     (v) Each Lender’s obligation to make Revolving Loans or to purchase and fund risk
participations in Canadian Loans pursuant to this Section 2.05(c) shall be absolute
and unconditional and shall not be affected by any circumstance, including (A) any setoff,
counterclaim, recoupment, defense or other right that such Lender may have against the
Canadian Lender, the Company, the Canadian Borrower or any other Person for any reason
whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence,
event or condition, whether or not similar to any of the foregoing; provided,
however, that each Lender’s obligation to make Revolving Loans pursuant to this
Section 2.05(c) is subject to the conditions set forth in Section 5.02
(other than the absence of any Default or the delivery of a Committed Loan Notice). No such
funding of risk participations shall relieve or otherwise impair the obligation of the
Canadian Borrower to repay Canadian Loans, together with interest as provided herein.

     (d) Repayment of Participations.

     (i) At any time after any Lender has purchased and funded a risk participation in a
Canadian Loan, if the Canadian Lender receives any payment on account of such Canadian Loan,
the Canadian Lender will distribute to such Lender its Applicable Percentage thereof in the
same funds as those received by the Canadian Lender.

46

 

     (ii) If any payment received by the Canadian Lender in respect of principal or interest
on any Canadian Loan is required to be returned by the Canadian Lender under any of the
circumstances described in Section 11.05 (including pursuant to any settlement
entered into by the Canadian Lender in its discretion), each Lender shall pay to the
Canadian Lender its Applicable 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 applicable Overnight Rate. The Administrative Agent will make
such demand upon the request of the Canadian 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 Canadian Lender. The Canadian Lender shall be responsible
for invoicing the Canadian Borrower for interest on the Canadian Loans. Until each Lender funds
its Revolving Loans that are Base Rate Loans or risk participation pursuant to this Section
2.05 to refinance such Lender’s Applicable Percentage of any Canadian Loan, interest in respect
of such Applicable Percentage shall be solely for the account of the Canadian Lender.

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

2.06
Prepayments.

     (a) Voluntary Prepayments.

     (i) Revolving Loans. Each applicable Borrower may, upon notice from the
Company to the Administrative Agent, at any time or from time to time voluntarily prepay
Revolving 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 1:00 p.m. (1) two
Business Days prior to any date of prepayment of Eurocurrency Rate Loans denominated in
Dollars, (2) four Business Days prior to any date of prepayment of Eurocurrency Rate Loans
denominated in Alternative Currencies (including Special Notice Currencies) and (3) on the
date of prepayment of Base Rate Loans; (B) any such prepayment of Eurocurrency Rate Loans
shall be in a principal amount of (1) £500,000 or a whole multiple of £100,000 in excess
thereof (or, if less, the entire principal amount thereof then outstanding), in the case of
Eurocurrency Rate Loans borrowed by the U.K. Borrower in Sterling and (2) $3,000,000 or a
whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount
thereof then outstanding), in all other cases; 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, 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 Eurocurrency 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 Applicable Percentage of such prepayment. If such notice
is given by the Company, the applicable Borrower shall make such prepayment and the payment
amount specified in such notice shall be due and payable on the date specified therein. Any
prepayment of a Eurocurrency Rate Loan shall be accompanied by all accrued interest on the
amount prepaid, together with any additional amounts required pursuant to Section
3.05. Subject to Section 2.17, each such prepayment shall be applied to the
Loans of the Lenders in accordance with their respective Applicable Percentages.

     (ii) Swing Line Loans. The Company 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 (i) such notice

47

 

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 (ii) any such prepayment shall
be in a minimum principal amount of $250,000 or a whole multiple of $100,000 in excess
thereof (or, if less, the entire principal thereof then outstanding). Each such notice
shall specify the date and amount of such prepayment. If such notice is given by the
Company, the Company shall make such prepayment and the payment amount specified in such
notice shall be due and payable on the date specified therein.

     (iii) Canadian Loans. The Canadian Borrower may, upon notice the Canadian
Lender (with a copy to the Administrative Agent), at any time or from time to time
voluntarily prepay Canadian Loans in whole or in part without premium or penalty;
provided that (A) such notice must be received by the Canadian Lender and the
Administrative Agent not later than 1:00 p.m. (1) two Business Days prior to any date of
prepayment of Eurocurrency Rate Loans or BA Rate Loans, and (2) on the date of prepayment of
Base Rate Loans; and (B) any such prepayment shall be in a principal amount of (x) C$250,000
and integral multiples of C$100,000 in excess thereof, in the case of BA Rate Loans (y)
$250,000 and integral multiples of $100,000 in excess thereof, in the case of Eurocurrency
Rate Loans and (z) C$250,000 ($250,000) and integral multiples of C$100,000 ($100,000) in
excess thereof, in the case of Base Rate Loans (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 Eurocurrency Rate
Loans or BA Rate Loans are to be prepaid, the Interest Period(s) of such Loans. If such
notice is given by the Canadian Borrower, the Canadian Borrower shall make such prepayment
and the payment amount specified in such notice shall be due and payable on the date
specified therein. Any prepayment of a Eurocurrency Rate Loan or a BA Rate Loan shall be
accompanied by all accrued interest on the amount prepaid, together with any additional
amounts required pursuant to Section 3.05.

     (iv) U.K. Swing Line Loans. The U.K. Borrower may, upon notice to the U.K.
Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to
time, voluntarily prepay U.K. Swing Line Loans in whole or in part without premium or
penalty; provided that (i) such notice must be received by the U.K. Swing Line
Lender and the Administrative Agent not later than 1:00 p.m. (London time) on the date of
the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of
£150,000 or a whole multiple of £100,000 in excess thereof (or, if less, the entire
principal thereof then outstanding). Each such notice shall specify the date and amount of
such prepayment. If such notice is given by the U.K. Borrower, the U.K. 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 Prepayments.

     (i) If the Administrative Agent notifies the Company at any time that the Total
Revolving Outstandings at such time exceed an amount equal to (x) 100% of the
Aggregate Revolving Commitments then in effect or (y) 105% of the Aggregate
Revolving Commitments then in effect (solely as a result of foreign currency
fluctuations), then in either case, within two Business Days after receipt of such
notice, the Borrowers shall prepay Loans and/or the Company shall Cash Collateralize
the L/C Obligations in an aggregate amount sufficient to reduce such Outstanding
Amount as of such date of payment to an amount not to exceed 100% of the Aggregate
Revolving
Commitments then in effect; provided, however, that, subject to
the provisions of Section 2.03(g)(ii), the Company shall not be required to
Cash Collateralize the L/C Obligations pursuant to this Section 2.06(b)(i)
unless after the prepayment in full of the Loans the

48

 

Total Revolving Outstandings
exceed the Aggregate Revolving Commitments then in effect. The Administrative Agent
may, at any time and from time to time after the initial deposit of such Cash
Collateral, request that additional Cash Collateral be provided in order to protect
against the results of further exchange rate fluctuations, provided
that, with respect to any Letter of Credit, the amount of Cash Collateral
securing such Letter of Credit shall not exceed 105% of the amount of such Letter of
Credit (as determined in accordance with Section 1.09).

     (ii) If the Administrative Agent notifies the Company at any time that the
Outstanding Amount of all Canadian Loans at such time exceeds an amount equal to the
Canadian Sublimit then in effect, then, within two Business Days after receipt of
such notice, the Canadian Borrower shall prepay Canadian Loans in an aggregate
amount sufficient to reduce such Outstanding Amount as of such date of payment to an
amount not to exceed 100% of the Canadian Sublimit then in effect.

     (iii) If the Administrative Agent notifies the U.K. Borrower at any time that
the Outstanding Amount of all U.K. Swing Line Loans at such time exceeds an amount
equal to the U.K. Swing Line Sublimit then in effect, then, within two Business Days
after receipt of such notice, the U.K. Borrower shall prepay U.K. Swing Line Loans
in an aggregate amount sufficient to reduce such Outstanding Amount as of such date
of payment to an amount not to exceed 100% of the U.K. Swing Line Sublimit then in
effect.

     (iv) All prepayments under this Section 2.06(b) shall be subject to
Section 3.05, but otherwise without premium or penalty, and shall be
accompanied by interest on the principal amount prepaid through the date of
prepayment.

2.07 Termination or Reduction of Aggregate Revolving Commitments.

          The Company may, upon notice to the Administrative Agent, terminate the Aggregate Revolving
Commitments, or from time to time permanently reduce the Aggregate Revolving Commitments;
provided that (i) any such notice shall be received by the Administrative Agent not later
than 12:00 noon five (5) Business Days prior to the date of termination or reduction, (ii) any such
partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000
in excess thereof, (iii) the Company shall not terminate or reduce the Aggregate Revolving
Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total
Revolving Outstandings would exceed the Aggregate Revolving Commitments and (iv) if, after giving
effect to any reduction of the Aggregate Revolving Commitments, the Letter of Credit Sublimit, the
Canadian Sublimit, the Swing Line Sublimit or the U.K. Swing Line Sublimit exceeds the amount of
the Aggregate Revolving Commitments, such sublimit shall be automatically reduced by the amount of
such excess. The Administrative Agent will promptly notify the Lenders of any such notice of
termination or reduction of the Aggregate Revolving Commitments. The amount of any such Aggregate
Revolving Commitment reduction shall not be applied to the Swing Line Sublimit, the Canadian
Sublimit, the U.K. Swing Line Sublimit or the Letter of Credit Sublimit unless otherwise specified
by the Company.  Any reduction of the Aggregate Revolving Commitments shall be applied
to the Revolving Commitment of each Lender according to its Applicable Percentage. All fees
accrued with respect thereto until the effective date of any termination of the Aggregate Revolving
Commitments shall be paid on the effective date of such termination.

49

 

2.08 Repayment of Loans.

     (a) Revolving Loans. Each Borrower shall repay to the Lenders on the Maturity Date
the aggregate principal amount of all Revolving Loans made to such Borrower outstanding on such
date.

     (b) Swing Line Loans. The Company shall repay to the Swing Line Lender on the
Maturity Date the aggregate principal amount of all Swing Line Loans outstanding on such date.

     (c) Canadian Loans. The Canadian Borrower shall repay to the Canadian Lender on the
Maturity Date the aggregate principal amount of all Canadian Loans outstanding on such date.

     (d) U.K. Swing Line Loans. The U.K. Borrower shall repay to the U.K. Swing Line
Lender on the Maturity Date the aggregate principal amount of all U.K. Swing Line Loans outstanding
on such date.

2.09 Interest.

     (a) Subject to the provisions of subsection (b) below, (i) each Eurocurrency Rate Loan shall
bear interest on the outstanding principal amount thereof for each Interest Period at a rate per
annum equal to the sum of the Eurocurrency Rate for such Interest Period plus the
Applicable Rate plus (in the case of a Eurocurrency Rate Loan of any Lender which is lent
from a Lending Office in the United Kingdom or a Participating Member State) the Mandatory Cost;
(ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable
Rate; (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; (iv) each BA Rate Loan shall bear interest on the outstanding principal amount
thereof from the applicable borrowing date at a rate per annum equal to the BA Rate plus
the Applicable Rate; and (v) each U.K. 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
Overnight Rate plus the Applicable Rate for Eurocurrency Rate Loans.

(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 any 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
Borrowers 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.

50

 

     (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.

2.10 Fees.

     In addition to certain fees described in subsections (h) and (i) of Section 2.03:

     (a) Commitment Fee. The Company shall pay to the Administrative Agent, for the
account of each Lender that holds a Revolving Commitment in accordance with its Applicable
Percentage, a commitment fee in Dollars equal to the product of (i) the Applicable Rate
times (ii) the actual daily amount by which the Aggregate Revolving Commitments
exceed the sum of (y) the Outstanding Amount of Revolving Loans and (z) the Outstanding
Amount of L/C Obligations, subject to adjustment as provided in Section 2.17. The
commitment fee shall accrue at all times during the Availability Period, including at any
time during which one or more of the conditions in Article V 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 on the last day of the Availability Period (and, if applicable, thereafter on demand).
The commitment fee shall be calculated quarterly in arrears, and if there is any change in
the Applicable Rate during any quarter, the actual daily amount shall be computed and
multiplied by the Applicable Rate separately for each period during such quarter that such
Applicable Rate was in effect.

     (b) Fee Letter. The Company shall pay to MLPFS and the Administrative Agent
for their own respective accounts, in Dollars, 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.

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

     (a) All computations of interest for (i) Base Rate Loans and (ii) BA Rate Loans 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), or, in the case of interest in respect of Loans denominated in
Alternative Currencies as to which market practice differs from the foregoing, in accordance with
such market practice. 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 2.13(a), bear interest for one day. Each determination by the
Administrative Agent or the Canadian Lender, as applicable, of an interest rate or fee hereunder
shall be conclusive and binding for all purposes, absent manifest error.

     (b) For the purposes of the Interest Act (Canada), (i) whenever a rate of interest or fee rate
hereunder is calculated on the basis of a year (the “deemed year”) that contains fewer days than
the actual number of days in the calendar year of calculation, such rate of interest or fee rate
shall be expressed as a yearly rate by multiplying such rate of interest or fee rate by the actual
number of days in the calendar year of calculation and dividing it by the number of days in the
deemed year, (ii) the principle of deemed reinvestment of interest shall not apply to any interest
calculation hereunder and (iii) the rates of interest stipulated herein are intended to be nominal
rates and not effective rates or yields.

51

 

     (c) If, as a result of any restatement of or other adjustment to the financial statements of
the Company or for any other reason, the Company or the Lenders determine that (i) the Consolidated
Leverage Ratio as calculated by the Company as of any applicable date was inaccurate and (ii) a
proper calculation of the Consolidated Leverage Ratio would have resulted in higher pricing for
such period, the Company 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 Company 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(h) or 2.09(b) or under Article IX. The
Company’s obligations under this paragraph shall survive the termination of the Aggregate Revolving
Commitments and the repayment of all other Obligations hereunder.

2.12 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
Borrowers 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 Borrowers 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 to a Borrower made through the
Administrative Agent, such Borrower shall execute and deliver to such Lender (through the
Administrative Agent) a promissory note, which shall evidence such Lender’s Loans in addition to
such accounts or records. Each such promissory note shall be in the form of Exhibit
2.12(a) (a “Note”). Each Lender may attach schedules to its Note and endorse thereon
the date, Type (if applicable), amount, currency and maturity of its Loans and payments with
respect thereto.

     (b) In addition to the accounts and records referred to in subsection (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, Canadian
Loans, Swing Line Loans and U.K. 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.

2.13 Payments Generally; Administrative Agent’s Clawback.

     (a) General. All payments to be made by the Borrowers shall be made without condition
or deduction for any counterclaim, defense, recoupment or setoff.  Except as otherwise
expressly provided herein (i) all payments by the Borrowers hereunder with respect to principal and
interest on Committed Loans denominated in an Alternative Currency shall be made to the
Administrative Agent, for the account of the respective Lenders to which such payment is owed, at
the applicable Administrative Agent’s Office in such Alternative Currency and in Same Day Funds not
later than the Applicable Time specified by the Administrative Agent on the dates specified herein
and (ii) all other payments by the Borrowers hereunder shall be made to the Administrative Agent,
for the account of the respective Lenders to which such payment is owed, at the applicable
Administrative Agent’s Office in Dollars and in Same Day Funds

52

 

not later than 2:00 p.m. on the date specified herein. Without limiting the generality of the
foregoing, the Administrative Agent may require that any payments due under this Agreement be made
in the United States. If, for any reason, any Borrower is prohibited by any Law from making any
required payment hereunder in an Alternative Currency, such Borrower shall make such payment in
Dollars in the Dollar Equivalent of the Alternative Currency payment amount. The Administrative
Agent will promptly distribute to each Lender its Applicable Percentage (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 (i) after 2:00 p.m., in the case
of payments in Dollars, or (ii) after the Applicable Time specified by the Administrative Agent in
the case of payments in an Alternative Currency, shall in each case 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 any Borrower shall come due on a day other than a Business Day, payment shall
be made on the next following Business Day, and such extension of time shall be reflected in
computing interest or fees, as the case may be.

(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 Eurocurrency 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
applicable 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 applicable Borrower severally agree to pay to the Administrative
Agent forthwith on demand such corresponding amount in Same Day Funds with interest thereon,
for each day from and including the date such amount is made available to such 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 Overnight Rate, 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 such Borrower, the interest rate
applicable to Base Rate Loans. If such 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 such Borrower the amount of such interest paid by such 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 such Borrower shall be without prejudice to any claim
such Borrower may have against a Lender that shall have failed to make such payment to the
Administrative Agent.

     (ii) Payments by Borrowers; Presumptions by Administrative Agent. Unless the
Administrative Agent shall have received notice from a 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 such Borrower will not make such payment, the Administrative Agent may
assume that such Borrower has made such payment on such date in accordance herewith and may,
in reliance upon such assumption, distribute to the Lenders or the L/C Issuer, as the case
may be, the amount due. In such event, if such Borrower has not in fact made such payment,
then each of the Lenders or the 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 Same Day 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 Overnight Rate.

53

 

     A notice of the Administrative Agent to any Lender or any 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 to any Borrower as provided in
the foregoing provisions of this Article II, and such funds are not made available to such
Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set
forth in Article V are not satisfied or waived in accordance with the terms hereof, the
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
Loans, to fund participations in Letters of Credit, Canadian Loans, Swing Line Loans and U.K. 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.

2.14 Sharing of Payments by Lenders.

     If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain
payment in respect of any principal of or interest on any of the Loans made by it, or the
participations in L/C Obligations, Canadian Loans, Swing Line Loans or U.K. Swing Line Loans held
by it resulting in such Lender’s receiving payment of a proportion of the aggregate amount of such
Loans or participations and accrued interest thereon greater than its pro rata
share thereof as provided herein, 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, Canadian Loans, Swing Line
Loans and U.K. 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 principal of and accrued interest on their respective Loans
and other amounts owing them, provided that:

     (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

54

 

     (ii) the provisions of this Section shall not be construed to apply to (A) any payment
made by or on behalf of a Borrower pursuant to and in accordance with the express terms of
this Agreement (including the application of funds arising from the existence of a
Defaulting Lender), (B) the application of Cash Collateral provided for in Section
2.16, or (C) any 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,
Canadian Loans, Swing Line Loans or U.K. Swing Line Loans to any assignee or participant,
other than any assignment to the Company 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.

2.15 Foreign Borrowers.

     (a) As of the Closing Date, the U.K. Borrower and the Canadian Borrower shall be Foreign
Borrowers for purposes of this Agreement and the other Loan Documents. Thereafter, the Company may
at any time, upon not less than 20 Business Days’ notice from the Company to the Administrative
Agent, request that any wholly-owned Foreign Subsidiary of the Company (an “Applicant
Borrower”) be designated as a Foreign Borrower to receive Loans hereunder by delivering to the
Administrative Agent (which shall promptly deliver counterparts thereof to each Lender) a duly
executed notice and agreement in substantially the form of Exhibit 2.15(a)(i) (a
“Foreign Borrower Request and Assumption Agreement”). The parties hereto acknowledge and
agree that prior to any Applicant Borrower becoming entitled to utilize the credit facilities
provided for herein the Administrative Agent and the Lenders shall have received such supporting
resolutions, incumbency certificates, opinions of counsel and other documents or information
(including information required by the USA PATRIOT Act), in form, content and scope reasonably
satisfactory to the Administrative Agent, as may be required by the Administrative Agent in its
sole discretion, and Notes signed by such new Foreign Borrowers to the extent any Lenders so
require. If the Administrative Agent and the Lenders agree in writing that an Applicant Borrower
shall be entitled to receive Loans hereunder, then promptly following receipt of all such requested
resolutions, incumbency certificates, opinions of counsel and other documents or information, the
Administrative Agent shall send a notice in substantially the form of Exhibit 2.15(a)(ii)
(a “Foreign Borrower Notice”) to the Company and the Lenders specifying the effective date
upon which the Applicant Borrower shall constitute a Foreign Borrower for purposes hereof,
whereupon each of the Lenders agrees to permit such Foreign Borrower to receive Loans hereunder, on
the terms and conditions set forth herein, and each of the parties agrees that such Foreign
Borrower otherwise shall be a Borrower for all purposes of this Agreement; provided that no
Committed Loan Notice may be submitted by or on behalf of such Foreign Borrower until the date five
Business Days after such effective date.

     (b) The Obligations of the Foreign Borrowers shall be several in nature. 

     (c) Each Foreign Borrower hereby irrevocably appoints the Company as its agent for all
purposes relevant to this Agreement and each of the other Loan Documents, including (i) the giving
and receipt of notices, (ii) the execution and delivery of all documents, instruments and
certificates contemplated herein and all modifications hereto, and (iii) the receipt of the
proceeds of any Loans made by the Lenders, to any such Foreign Borrower hereunder. Any
acknowledgment, consent, direction, certification or other action which might otherwise be valid or
effective only if given or taken by all Borrowers, or by each Borrower acting singly, shall be
valid and effective if given or taken only by the Company, whether or not any such other Borrower
joins therein. Any notice, demand, consent, acknowledgement, direction, certification or other
communication delivered to the Company in

55

 

accordance with the terms of this Agreement shall be deemed to have been delivered to each
Foreign Borrower.

     (d) The Company may from time to time, upon not less than 15 Business Days’ notice from the
Company to the Administrative Agent (or such shorter period as may be agreed by the Administrative
Agent in its sole discretion), terminate a Foreign Borrower’s status as such, provided that
there are no outstanding Loans payable by such Foreign Borrower, or other amounts payable by such
Foreign Borrower on account of any Loans made to it, as of the effective date of such termination.
The Administrative Agent will promptly notify the Lenders of any such termination of a Foreign
Borrower’s status.

2.16 Cash Collateral.

     (a) Certain Credit Support Events. Upon the request of the Administrative Agent or
the L/C Issuer (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, (ii) if the Administrative
Agent notifies the Company at any time that the Outstanding Amount of all L/C Obligations at such
time exceeds 105% of the Letter of Credit Sublimit then in effect or (iii) if, as of the
Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the
Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C
Obligations. At any time that there shall exist a Defaulting Lender, immediately upon the request
of the Administrative Agent, the L/C Issuer, the Swing Line Lender, the U.K. Swing Line Lender or
the Canadian Lender, the Company shall deliver to the Administrative Agent Cash Collateral in an
amount sufficient to cover all Fronting Exposure (after giving effect to Section
2.17(a)(iv) and any Cash Collateral provided by the Defaulting Lender). The Administrative
Agent may, at any time and from time to time after the initial deposit of Cash Collateral, request
that additional Cash Collateral be provided in order to protect against the results of exchange
rate fluctuations, provided that, with respect to any Letter of Credit, the amount
of Cash Collateral securing such Letter of Credit shall not exceed 105% of the amount of such
Letter of Credit (as determined in accordance with Section 1.09).

     (b) Grant of Security Interest. All Cash Collateral (other than credit support not
constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit
accounts at Bank of America. The Company, and to the extent provided by any Lender, such Lender,
hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the
Administrative Agent, the L/C Issuer and the Lenders (including the Swing Line Lender, the U.K.
Swing Line Lender and the Canadian Lender), and agrees to maintain, a first priority security
interest in all such cash, deposit accounts and all balances therein, and all other property so
provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for
the obligations to which such Cash Collateral may be applied pursuant to Section 2.16(c).
If at any time the Administrative Agent determines that Cash Collateral is subject to any right or
claim of any Person other than the Administrative Agent as herein provided, or that the total
amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations
secured thereby, the Company or the relevant Defaulting Lender will, promptly upon demand by the
Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an
amount sufficient to eliminate such deficiency.

     (c) Application. Notwithstanding anything to the contrary contained in this
Agreement, Cash Collateral provided under any of this Section 2.16 or Sections
2.03, 2.04, 2.05, 2.06, 2.15, 2.18 or 9.02 in
respect of Letters of Credit, Swing Line Loans, U.K. Swing Line Loans or Canadian Loans shall be
held and applied to the satisfaction of the specific L/C Obligations, Swing Line Loans, U.K. Swing
Line Loans, Canadian Loans, obligations to fund participations therein (including, as to Cash
Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other
obligations for which

56

 

the Cash Collateral was so provided, prior to any other application of such property as may be
provided for herein.

     (d) Release. Cash Collateral (or the appropriate portion thereof) provided to reduce
Fronting Exposure or other obligations shall be released promptly following (i) the elimination of
the applicable Fronting Exposure or other obligations giving rise thereto (including by the
termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee
following compliance with Section 11.06(b)(vi))) or (ii) the Administrative Agent’s good
faith determination that there exists excess Cash Collateral; provided, however,
(x) that Cash Collateral furnished by or on behalf of a Loan Party shall not be released during the
continuance of a Default (and following application as provided in this Section 2.16 may be
otherwise applied in accordance with Section 9.03), and (y) the Person providing Cash
Collateral and the L/C Issuer, Swing Line Lender, U.K. Swing Line Lender or Canadian Lender, as
applicable, may agree that Cash Collateral shall not be released but instead held to support future
anticipated Fronting Exposure or other obligations.

2.17 Defaulting Lenders.

     (a) Adjustments. Notwithstanding anything to the contrary contained in this
Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no
longer a Defaulting Lender, to the extent permitted by applicable Law:

     (i) Waivers and Amendments. That Defaulting Lender’s right to approve or
disapprove any amendment, waiver or consent with respect to this Agreement shall be
restricted as set forth in Section 11.01.

     (ii) Reallocation of Payments. Any payment of principal, interest, fees or
other amounts received by the Administrative Agent for the account of that Defaulting Lender
(whether voluntary or mandatory, at maturity, pursuant to Article IX or otherwise,
and including any amounts made available to the Administrative Agent by that Defaulting
Lender pursuant to Section 11.08), shall be applied at such time or times as may be
determined by the Administrative Agent as follows: first, to the payment of any
amounts owing by that Defaulting Lender to the Administrative Agent hereunder;
second, to the payment on a pro rata basis of any amounts owing by that Defaulting
Lender to the L/C Issuer, Swing Line Lender, U.K. Swing Line Lender or Canadian Lender
hereunder; third, if so determined by the Administrative Agent or requested by the
L/C Issuer, Swing Line Lender, U.K. Swing Line Lender or Canadian Lender, to be held as Cash
Collateral for future funding obligations of that Defaulting Lender of any participation in
any Swing Line Loan, U.K. Swing Line Loan, Canadian Loan or Letter of Credit;
fourth, as the Company may request (so long as no Default exists), to the funding of
any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof
as required by this Agreement, as determined by the Administrative Agent; fifth, if
so determined by the Administrative Agent and the Company, to be held in a non-interest
bearing deposit account and released in order to satisfy obligations of that Defaulting
Lender to fund Loans under this Agreement; sixth, to the payment of any amounts
owing to the Lenders, the L/C Issuer, Swing Line Lender, U.K. Swing Line Lender or Canadian
Lender as a result of any judgment of a court of competent jurisdiction obtained by any
Lender, the L/C Issuer, Swing Line Lender, U.K. Swing Line Lender or Canadian Lender against
that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations
under this Agreement; seventh, so long as no Default exists, to the payment of any
amounts owing to the Company as a result of any judgment of a court of competent
jurisdiction obtained by the Company against that Defaulting Lender as a result of that
Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to
that Defaulting Lender or as otherwise directed by a court of competent jurisdiction;
provided that if (x) such payment is a

57

 

payment of the principal amount of any Loans or L/C Borrowings in respect of which that
Defaulting Lender has not fully funded its appropriate share and (y) such Loans or L/C
Borrowings were made at a time when the conditions set forth in Section 5.02 were
satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C
Borrowings owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to
the payment of any Loans of, or L/C Borrowings owed to, that Defaulting Lender. Any
payments, prepayments or other amounts paid or payable to a Defaulting Lender that are
applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral
pursuant to this Section 2.17(a)(ii) shall be deemed paid to and redirected by that
Defaulting Lender, and each Lender irrevocably consents hereto.

     (iii) Certain Fees. That Defaulting Lender (x) shall not be entitled to
receive any commitment fee pursuant to Section 2.10(a) for any period during which
that Lender is a Defaulting Lender (and the Company shall not be required to pay any such
fee that otherwise would have been required to have been paid to that Defaulting Lender) and
(y) shall be limited in its right to receive Letter of Credit Fees as provided in
Section 2.03(h).

     (iv) Reallocation of Applicable Percentages to Reduce Fronting Exposure.
During any period in which there is a Defaulting Lender, for purposes of computing the
amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund
participations in Letters of Credit, Swing Line Loans, U.K. Swing Line Loans or Canadian
Loans pursuant to Sections 2.03, 2.04, 2.05 and 2.18, the
“Applicable Percentage” of each non-Defaulting Lender shall be computed without giving
effect to the Revolving Commitment of that Defaulting Lender; provided, that, (i)
each such reallocation shall be given effect only if, at the date the applicable Lender
becomes a Defaulting Lender, no Default exists; and (ii) the aggregate obligation of each
non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit,
Swing Line Loans, U.K. Swing Line Loans and Canadian Loans shall not exceed the positive
difference, if any, of (1) the Revolving Commitment of that non-Defaulting Lender
minus (2) the aggregate Outstanding Amount of the Revolving Loans of that Lender.

     (b) Defaulting Lender Cure. If the Company, the Administrative Agent, the Swing Line
Lender, the U.K. Swing Line Lender, the Canadian Lender and the L/C Issuer agree in writing in
their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting
Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective
date specified in such notice and subject to any conditions set forth therein (which may include
arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable,
purchase that portion of outstanding Loans of the other Lenders or take such other actions as the
Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded
participations in Letters of Credit, Swing Line Loans, U.K. Swing Line Loans and Canadian Loans to
be held on a pro rata basis by the Lenders in accordance with their Applicable Percentages (without
giving effect to Section 2.17(a)(iv)), whereupon that Lender will cease to be a Defaulting
Lender; provided that no adjustments will be made retroactively with respect to fees
accrued or payments made by or on behalf of the Company while that Lender was a Defaulting Lender;
and provided, further, that except to the extent otherwise expressly agreed by the
affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or
release of any claim of any party hereunder arising from that Lender’s having been a Defaulting
Lender.

2.18 U.K. Swing Line Loans.

     (a) U.K. Swing Line Subfacility. Subject to the terms and conditions set forth
herein, the U.K. Swing Line Lender, in reliance upon the agreements of the other Lenders set forth
in this Section 2.18, shall, unless (i) any Lender at such time is a Defaulting Lender
hereunder and (ii) the U.K. Swing

58

 

Line Lender has not entered into arrangements reasonably satisfactory to it with the Company
or such Defaulting Lender to eliminate the U.K. Swing Line Lender’s Fronting Exposure with respect
to such Defaulting Lender (including by operation of Section 2.17(a)(iv)), in which case
the U.K. Swing Line Lender may in its sole discretion, make loans (each such loan, a “U.K.
Swing Line Loan”) to the U.K. Borrower in Sterling 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 U.K. Swing Line Sublimit, notwithstanding the fact that such U.K. Swing Line Loans, when
aggregated with the Applicable Percentage of the Outstanding Amount of Revolving Loans, L/C
Obligations, Swing Line Loans and Canadian Loans of the Lender acting as U.K. Swing Line Lender,
may exceed the amount of such Lender’s Revolving Commitment; provided, however,
that after giving effect to any U.K. Swing Line Loan, (i) the Total Revolving Outstandings shall
not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the
Revolving Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding
Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding
Amount of all Swing Line Loans, plus such Lender’s Applicable Percentage of the Outstanding
Amount of all Canadian Loans plus such Lender’s Applicable Percentage of the Outstanding
Amount of all U.K. Swing Line Loans shall not exceed such Lender’s Revolving Commitment, and
provided, further, that the U.K. Borrower shall not use the proceeds of any U.K.
Swing Line Loan to refinance any outstanding U.K. Swing Line Loan. Within the foregoing limits,
and subject to the other terms and conditions hereof, the U.K. Borrower may borrow under this
Section 2.18, prepay under Section 2.06, and reborrow under this Section
2.18. Each U.K. Swing Line Loan shall bear interest only at a rate based on the Overnight
Rate. Immediately upon the making of a U.K. Swing Line Loan, each Lender shall be deemed to, and
hereby irrevocably and unconditionally agrees to, purchase from the U.K. Swing Line Lender a risk
participation in such U.K. Swing Line Loan in an amount equal to the product of such Lender’s
Applicable Percentage times the amount of such U.K. Swing Line Loan.

     (b) Borrowing Procedures. Each Borrowing of U.K. Swing Line Loans shall be made upon
the U.K. Borrower’s irrevocable written notice to the U.K. Swing Line Lender and the Administrative
Agent, which shall be signed by a Responsible Officer of the U.K. Borrower and which may be given
by facsimile. Each such notice must be received by the U.K. Swing Line Lender and the
Administrative Agent not later than 11:00 a.m. (London time) on the requested borrowing date, and
shall specify (i) the amount to be borrowed, which shall be a minimum principal amount of £150,000
and integral multiples of £100,000 in excess thereof, and (ii) the requested borrowing date, which
shall be a Business Day. Each such facsimile notice must be confirmed promptly by delivery of the
original executed notice to the U.K. Swing Line Lender. Unless the U.K. Swing Line Lender has
received notice (by telephone or in writing) from the Administrative Agent (including at the
request of any Lender) prior to 1:00 p.m. (London time) on the date of the proposed Borrowing of
U.K. Swing Line Loans (A) directing the U.K. Swing Line Lender not to make such U.K. Swing Line
Loan as a result of the limitations set forth in the first proviso to the first sentence of
Section 2.18(a), or (B) that one or more of the applicable conditions specified in
Article V is not then satisfied, then, subject to the terms and conditions hereof, the U.K.
Swing Line Lender will, not later than 2:00 p.m. (London time) on the borrowing date specified in
such U.K. Swing Line Loan Notice, make the amount of its U.K. Swing Line Loan available to the U.K.
Borrower by crediting the account of the U.K. Borrower on the books of the U.K. Swing Line Lender
(or otherwise transfer such amounts per the U.K. Borrower’s payment instructions) in Same Day
Funds.

     (c) Refinancing of U.K. Swing Line Loans.

     (i) The U.K. Swing Line Lender at any time in its sole and absolute discretion may
request, on behalf of the U.K. Borrower (which hereby irrevocably authorizes the U.K. Swing
Line Lender to so request on its behalf), that each Lender make (x) a Dollar-denominated
Revolving Loan that is a Base Rate Loan in a Dollar Equivalent amount equal to such Lender’s
Applicable Percentage of the amount of U.K. Swing Line Loans then outstanding or (y) upon
the

59

 

request of the U.K. Borrower and the agreement of the U.K. Swing Line Lender, a
Sterling-denominated Loan that is a Eurocurrency Rate Loan with an Interest Period of one
month in an amount equal to such Lender’s Applicable Percentage of the amount of U.K. 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 or Eurocurrency Rate Loans, as
applicable, but subject to the conditions set forth in Section 5.02 (other than the
delivery of a Committed Loan Notice) and provided that, after giving effect to such
Borrowing, the Total Revolving Outstandings shall not exceed the Aggregate Revolving
Commitments. The U.K. Swing Line Lender shall furnish the U.K. Borrower with a copy of the
applicable Committed Loan Notice promptly after delivering such notice to the Administrative
Agent. Each Lender shall make an amount equal to its Applicable Percentage of the amount
specified in such Committed Loan Notice available to the Administrative Agent in Same Day
Funds for the account of the U.K. Swing Line Lender at (A) the Administrative Agent’s Office
for Dollar-denominated deposits not later than 1:00 p.m. on the day specified in such
Committed Loan Notice or (B) the Administrative Agent’s office for Sterling-denominated
deposits not later than the Applicable Time specified by the Administrative Agent, as
applicable,, whereupon, subject to Section 2.18(c)(ii), each Lender that so makes
funds available shall be deemed to have made (and the U.K. Borrower shall be deemed to have
borrowed) a Revolving Loan that is a Base Rate Loan or a Eurocurrency Rate Loan, as
applicable, to the U.K. Borrower in such amount. The Administrative Agent shall remit the
funds so received to the U.K. Swing Line Lender.

     (ii) If for any reason any U.K. Swing Line Loan cannot be refinanced by such a
Borrowing of Revolving Loans in accordance with Section 2.18(c)(i), the request for
Base Rate Loans or Eurocurrency Rate Loans, as applicable, submitted by the U.K. Swing Line
Lender as set forth herein shall be deemed to be a request by the U.K. Swing Line Lender
that each of the Lenders fund its risk participation in the relevant U.K. Swing Line Loan
and each Lender’s payment to the Administrative Agent for the account of the U.K. Swing Line
Lender pursuant to Section 2.18(c)(i) shall be deemed payment in respect of such
participation.

     (iii) If any Lender fails to make available to the Administrative Agent for the account
of the U.K. Swing Line Lender any amount required to be paid by such Lender pursuant to the
foregoing provisions of this Section 2.18(c) by the time specified in Section
2.18(c)(i), the U.K. 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 U.K. Swing Line Lender at a rate per annum equal to the
applicable Overnight Rate from time to time in effect, plus any administrative, processing
or similar fees customarily charged by the U.K. 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 Revolving Loan included in the relevant
Borrowing or funded participation in the relevant U.K. Swing Line Loan, as the case may be.
A certificate of the U.K. 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 Lender’s obligation to make Revolving Loans or to purchase and fund risk
participations in U.K. Swing Line Loans pursuant to this Section 2.18(c) shall be
absolute and unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right that such Lender may have against
the U.K. Swing Line Lender, the U.K. Borrower or any other Person for any reason whatsoever,
(B) the

60

 

occurrence or continuance of a Default, or (C) any other occurrence, event or condition,
whether or not similar to any of the foregoing; provided, however, that each
Lender’s obligation to make Revolving Loans pursuant to this Section 2.18(c) is
subject to the conditions set forth in Section 5.02. No such funding of risk
participations shall relieve or otherwise impair the obligation of the U.K. Borrower to
repay U.K. Swing Line Loans, together with interest as provided herein.

     (d) Repayment of Participations.

     (i) At any time after any Lender has purchased and funded a risk participation in a
U.K. Swing Line Loan, if the U.K. Swing Line Lender receives any payment on account of such
U.K. Swing Line Loan, the U.K. Swing Line Lender will distribute to such Lender its
Applicable Percentage thereof in the same funds as those received by the U.K. Swing Line
Lender.

     (ii) If any payment received by the U.K. Swing Line Lender in respect of principal or
interest on any U.K. Swing Line Loan is required to be returned by the U.K. Swing Line
Lender under any of the circumstances described in Section 11.05 (including pursuant
to any settlement entered into by the U.K. Swing Line Lender in its discretion), each Lender
shall pay to the U.K. Swing Line Lender its Applicable 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 applicable Overnight Rate. The
Administrative Agent will make such demand upon the request of the U.K. 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 U.K. Swing Line Lender. The U.K. Swing Line Lender shall
be responsible for invoicing the U.K. Borrower for interest on the U.K. Swing Line Loans. Until
each Lender funds its Revolving Loans that are Base Rate Loans or Eurocurrency Rate Loans, as
applicable, or risk participation pursuant to this Section 2.18 to refinance such Lender’s
Applicable Percentage of any U.K. Swing Line Loan, interest in respect of such Applicable
Percentage shall be solely for the account of the U.K. Swing Line Lender.

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

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 Loan Parties 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
any Loan Party 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 increased 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)
such Loan Party shall make such deductions and (iii) such Loan Party shall timely pay or accrue for
the full amount deducted to the relevant Governmental Authority in accordance with applicable law.

61

 

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

     (c) Indemnification by the Loan Parties. Each Loan Party 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 a
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 any Loan Party to a Governmental Authority, such Loan Party 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 a 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 Company (with a copy to the
Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by
the Company 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 Company or the
Administrative Agent, shall deliver such other documentation prescribed by applicable law or
reasonably requested by the Company or the Administrative Agent as will enable the Company or the
Administrative Agent to determine whether or not such Lender is subject to backup withholding or
information reporting requirements.

     Without limiting the generality of the foregoing, if a Borrower is resident for tax purposes
in the United States, any Foreign Lender shall deliver to the Company 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 Company 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, (x) a certificate to the effect that
such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the
Code, (B) a “10 percent shareholder” of the applicable Borrower within the meaning of
section 881(c)(3)(B) of

62

 

the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C)
of the Code and (y) 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 Company to
determine the withholding or deduction required to be made.

     Without limiting the obligations of the Lenders set forth above regarding delivery of certain
forms and documents to establish each Lender’s status for U.S. withholding tax purposes, each
Lender agrees promptly to deliver to the Administrative Agent or the Company or any other Person,
as the Administrative Agent or the Company shall reasonably request, on or prior to the Closing
Date, and in a timely fashion thereafter, such other documents and forms required by any relevant
taxing authorities under the Laws of any other jurisdiction (or pursuant to the practice of such
taxing authorities), duly executed and completed by such Lender, as are required under such Laws to
confirm such Lender’s entitlement to any available exemption from, or reduction of, applicable
withholding taxes in respect of all payments to be made to such Lender outside of the United States
by the Borrowers pursuant to this Agreement or otherwise to establish such Lender’s status for
withholding tax purposes in such other jurisdiction. Each Lender shall promptly (i) notify the
Administrative Agent (and the Administrative Agent shall promptly notify the Company) of any change
in circumstances which would modify or render invalid any such claimed exemption or reduction, and
(ii) take such steps as shall not be materially disadvantageous to it, in the reasonable judgment
of such Lender, and as may be reasonably necessary (including the re-designation of its Lending
Office) to avoid any requirement of applicable Laws of any such jurisdiction that any Borrower make
any deduction or withholding for taxes from amounts payable to such Lender. Additionally, each of
the Borrowers shall promptly deliver to the Administrative Agent or any Lender, as the
Administrative Agent or such Lender shall reasonably request, on or prior to the Closing Date, and
in a timely fashion thereafter, such documents and forms required by any relevant taxing
authorities under the Laws of any jurisdiction, duly executed and completed by such Borrower, as
are required to be furnished by such Lender or the Administrative Agent under such Laws in
connection with any payment by the Administrative Agent or any Lender of Taxes or Other Taxes, or
otherwise in connection with the Loan Documents, with respect to such jurisdiction.

     None of the foregoing provisions of this Section 3.01(e) shall apply in respect of
United Kingdom withholding tax. A UK Treaty Lender and the relevant Borrower which makes a payment
to which that UK Treaty Lender is entitled shall cooperate in completing any procedural formalities
necessary for the relevant Borrower to obtain authorization to make that payment without the
application of United Kingdom withholding tax. A UK Treaty Lender which holds a passport under the
HMRC DT Treaty Passport Scheme shall discharge its obligation under the provision in the preceding
paragraph (with respect to United Kingdom withholding tax only) by providing the relevant Borrower
with a notification of its scheme reference number and its jurisdiction of tax residence as soon as
practicable after becoming a party to this Agreement, unless the provision of such notification is
materially disadvantageous to such UK Treaty Lender. Nothing in this Section 3.01(e) shall
require any Lender to register under the HMRC DT Treaty Passport Scheme.

     (f) Treatment of Certain Refunds. Unless required by applicable Laws, at no time
shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a
Lender or the L/C Issuer, or have any obligation to pay to any Lender or the L/C Issuer, any refund
of Taxes withheld or deducted from funds paid for the account of such Lender or the L/C Issuer, as
the case may be. If the Administrative Agent, any Lender or the L/C Issuer determines, in its sole
discretion, that it has received a refund of, credit against or relief or remission for, any Taxes
or Other Taxes as to which it has been indemnified by any Loan Party or with respect to which any
Loan Party has paid additional amounts

63

 

pursuant to this Section, it shall pay to such Loan Party an amount equal to such refund,
credit, relief or remission (but only to the extent of indemnity payments made, or additional
amounts paid, by such Loan Party under this Section with respect to the Taxes or Other Taxes giving
rise to such refund, credit, relief or remission), net of all out-of-pocket expenses incurred by
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 each Loan Party, upon the request of the Administrative Agent, such Lender or
the L/C Issuer, agrees to repay the amount paid over to such Loan Party (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) to the Administrative
Agent, such Lender or the L/C Issuer in the event the Administrative Agent, such Lender or the L/C
Issuer is required to repay such refund, credit, relief or remission 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 Company or any other Person.

     (g) Lender Status Confirmation. Each Lender which becomes a party to this Agreement
after the date of this Agreement shall indicate, in the Assignment and Assumption which it executes
on becoming a party, and for the benefit of the Administrative Agent and without liability to any
Borrower, which of the following categories it falls in:

     (i) not a UK Qualifying Lender;

     (ii) a UK Qualifying Lender (other than a UK Treaty Lender); or

     (iii) a UK Treaty Lender.

     If a new Lender fails to indicate its status in accordance with this Section 3.01(g)
then such new Lender shall be treated for the purposes of this Agreement (including by each
Borrower) as if it is not a UK Qualifying Lender until such time as it notifies the Administrative
Agent which category applies (and the Administrative Agent, upon receipt of such notification,
shall inform the Company). For the avoidance of doubt, an Assignment and Assumption shall not be
invalidated by any failure of a Lender to comply with this Section 3.01(g).

3.02 Illegality.

     If any Lender 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 Eurocurrency Rate Loans (whether denominated in Dollars or an Alternative Currency), BA
Rate Loans or Base Rate Loans whose interest is determined by reference to the Eurocurrency Rate,
or to determine or charge interest rates based upon the Eurocurrency Base Rate or the BA 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 or any Alternative Currency in the applicable
interbank market, then, on notice thereof by such Lender to the Company through the Administrative
Agent, (i) any obligation of such Lender (a) to make or continue Eurocurrency Rate Loans in the
affected currency or currencies, (b) to make or continue BA Rate Loans, (c) in the case of
Eurocurrency Rate Loans denominated in Dollars, to convert Base Rate Loans to Eurocurrency Rate
Loans or (d) in the case of BA Rate Loans, to convert Base Rate Loans to BA Rate Loans, shall be
suspended and (ii) if such notice asserts the illegality of such Lender making or maintaining Base
Rate Loans the interest rate on which is determined by reference to the Eurocurrency Base Rate
component of the Base Rate, the interest rate on which Base Rate Loans of such Lender, shall, if
necessary to avoid such illegality, be determined by the Administrative Agent without reference to
the Eurocurrency Base Rate component of the Base Rate, in each case until such Lender notifies the
Administrative Agent and the Company that the circumstances giving rise to such

64

 

determination no longer exist. Upon receipt of such notice, (x) the Borrowers shall, upon
demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable and
such Loans are Eurocurrency Rate Loans denominated in Dollars or BA Rate Loans, convert all such
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 Loans to such day, or immediately, if such
Lender may not lawfully continue to maintain such Loans and (y) if such notice asserts the
illegality of such Lender determining or charging interest rates based upon the Eurocurrency Base
Rate, the Administrative Agent shall during the period of such suspension compute the Base Rate
applicable to such Lender without reference to the Eurocurrency Base Rate component thereof until
the Administrative Agent is advised in writing by such Lender that it is no longer illegal for
such Lender to determine or charge interest rates based upon the Eurocurrency Base Rate. Upon any
such prepayment or conversion, the Borrowers shall also pay accrued interest on the amount so
prepaid or converted.

3.03 Inability to Determine Rates.

     (a) Committed Loans. If the Required Lenders determine that for any reason in
connection with any request for a Committed Loan that is a Eurocurrency Rate Loan or a conversion
to or continuation thereof that (i) deposits (whether in Dollars or an Alternative Currency) are
not being offered to banks in the applicable offshore interbank market for such currency for the
applicable amount and Interest Period of such Eurocurrency Rate Loan, (ii) adequate and reasonable
means do not exist for determining the Eurocurrency Base Rate for any requested Interest Period
with respect to a proposed Eurocurrency Rate Loan (whether denominated in Dollars or an Alternative
Currency), or (iii) the Eurocurrency Base Rate for any requested Interest Period with respect to a
proposed Eurocurrency Rate Loan does not adequately and fairly reflect the cost to such Lenders of
funding such Eurocurrency Rate Loan, the Administrative Agent will promptly so notify the Company
and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Committed Loans
that are Eurocurrency Rate Loans in the affected currency or currencies shall be suspended and (y)
in the event of a determination described in the preceding sentence with respect to the
Eurocurrency Base Rate component of the Base Rate, the utilization of the Eurocurrency Base Rate
component in determining the Base Rate shall be suspended, in each case until the Administrative
Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such
notice, the Company may revoke any pending request for a Borrowing of, conversion to or
continuation of Eurocurrency Rate Loans in the affected currency or currencies or, failing that,
will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in
the amount specified therein.

     (b) Canadian Loans. If the Canadian Lender determines that for any reason in
connection with any request for a Canadian Loan that is a Eurocurrency Rate Loan or a BA Rate Loan
or a conversion to or continuation thereof that (i) deposits are not being offered to banks in the
applicable interbank market for such currency for the applicable amount and Interest Period of such
Canadian Loan, (ii) adequate and reasonable means do not exist for determining the Eurocurrency
Base Rate or BA Rate for any requested Interest Period with respect to a proposed Canadian Loan, or
(iii) the Eurocurrency Base Rate or the BA Rate for any requested Interest Period with respect to a
proposed Canadian Loan does not adequately and fairly reflect the cost to the Canadian Lender of
funding such Canadian Loan, the Canadian Lender will promptly so notify the Canadian Borrower and
the Administrative Agent. Thereafter, the obligation of the Canadian Lender to make or maintain
Eurocurrency Rate Loans or BA Rate Loans, as applicable, shall be suspended until the Canadian
Lender revokes such notice. Upon receipt of such notice, the Canadian Borrower may revoke any
pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans or BA
Rate Loans or, failing that, will be deemed to have converted such request into a request for a
Borrowing of Base Rate Loans in the amount specified therein.

65

 

3.04 Increased Costs.

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

     (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan,
insurance charge, assessment or similar requirement against assets of, deposits with or for
the account of, or credit extended or participated in by, any Lender (except (A) any reserve
requirement reflected in the Eurocurrency Rate  and (B) the requirements of the
Bank of England and the Financial Services Authority or the European Central Bank reflected
in the Mandatory Cost, other than as set forth below) or the L/C Issuer;

     (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 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);

     (iii) result in the failure of the Mandatory Cost, as calculated hereunder, to
represent the cost to any Lender of complying with the requirements of the Bank of England
and/or the Financial Services Authority or the European Central Bank in relation to its
making, funding or maintaining Eurocurrency Rate Loans; or

     (iv) impose on any Lender or the L/C Issuer or any applicable interbank market any
other condition, cost or expense affecting this Agreement or 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 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 Company will pay (or cause the
applicable Foreign Borrower to 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 or Swing Line Loans 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 Company will pay (or cause
the applicable Foreign Borrower to 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.

66

 

     (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 Company shall be conclusive absent manifest error. The Company will pay (or cause
the applicable Foreign Borrower to 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 no Borrower shall 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 Company 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).

3.05 Compensation for Losses.

     Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the
Company shall promptly compensate (or cause the applicable Foreign Borrower to 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 Eurocurrency Rate Loan
or BA 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 any Borrower (for a reason other than the failure of such Lender to
make a Loan) to prepay, borrow, continue or convert any Eurocurrency Rate Loan or BA Rate
Loan on the date or in the amount notified by the Company or the applicable Foreign
Borrower;

     (c) any failure by any Borrower to make payment of any Loan or drawing under any Letter
of Credit (or interest due thereon) denominated in an Alternative Currency on its scheduled
due date or any payment thereof in a different currency; or

     (d) any assignment of a Eurocurrency Rate Loan or BA Rate Loan on a day other than the
last day of the Interest Period therefor as a result of a request by the Company pursuant to
Section 11.13; or

including any loss of anticipated profits, any foreign exchange losses and any loss or expense
arising from the liquidation or reemployment of funds obtained by it to maintain such Loan, from
fees payable to terminate the deposits from which such funds were obtained or from the performance
of any foreign exchange contract. The Company shall also pay (or cause the applicable Foreign
Borrower to pay) any customary administrative fees charged by such Lender in connection with the
foregoing.

     For purposes of calculating amounts payable by the Company (or the applicable Foreign
Borrower) to the Lenders under this Section 3.05, each Lender shall be deemed to have
funded each Eurocurrency Rate Loan made by it at the Eurocurrency Base Rate used in determining the
Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the offshore interbank
eurodollar market

67

 

for such currency for a comparable amount and for a comparable period, whether or not such
Eurocurrency Rate Loan was in fact so funded.

3.06 Mitigation Obligations; Replacement of Lenders.

     (a) Designation of a Different Lending Office. If any Lender requests compensation
under Section 3.04, or any Borrower is required to pay any additional amount to any Lender
or any Governmental Authority for the account of any Lender pursuant to Section 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 Company hereby agrees to pay (or cause the
applicable Foreign Borrower 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 any Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, the Company
may replace such Lender in accordance with Section 11.13.

3.07 Survival.

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

ARTICLE IV

GUARANTY

4.01 The Guaranty.

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

     (b) Notwithstanding any provision to the contrary contained herein or in any other of the Loan
Documents, Swap Contracts or Treasury Management Agreements, the obligations of each Guarantor (in
its capacity as such) under this Agreement and the other Loan Documents shall be limited to an
aggregate amount equal to the largest amount that would not render such obligations subject to
avoidance under applicable Debtor Relief Laws.

68

 

4.02 Obligations Unconditional.

     (a) The obligations of the Guarantors under Section 4.01 are joint and several,
absolute and unconditional, irrespective of the value, genuineness, validity, regularity or
enforceability of any of the Loan Documents or other documents relating to the Obligations, or any
substitution, compromise, release, impairment or exchange of any other guarantee of or security for
any of the Obligations, and, to the fullest extent permitted by applicable Law, irrespective of any
other circumstance whatsoever that might otherwise constitute a legal or equitable discharge or
defense of a surety or guarantor, it being the intent of this Section 4.02 that the
obligations of the Guarantors hereunder shall be absolute and unconditional under any and all
circumstances. Each Guarantor agrees that such Guarantor shall have no right of subrogation,
indemnity, reimbursement or contribution against any Borrower or any other Guarantor for amounts
paid under this Article IV until such time as the Obligations have been paid in full and
the Commitments have expired or terminated.

     (b) Without limiting the generality of the foregoing subsection (a), it is agreed
that, to the fullest extent permitted by Law, the occurrence of any one or more of the following
shall not alter or impair the liability of any Guarantor hereunder, which shall remain absolute and
unconditional as described above:

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

     (ii) any of the acts mentioned in any of the provisions of any of the Loan Documents,
or other documents relating to the Obligations or any other agreement or instrument referred
to therein shall be done or omitted;

     (iii) the maturity of any of the Obligations shall be accelerated, or any of the
Obligations shall be modified, supplemented or amended in any respect, or any right under
any of the Loan Documents or any other documents relating to the Obligations or any other
agreement or instrument referred to therein shall be waived or any other guarantee of any of
the Obligations or any security therefor shall be released, impaired or exchanged in whole
or in part or otherwise dealt with;

     (iv) any Lien granted to, or in favor of, the Administrative Agent or any holder of
Obligations as security for any of the Obligations shall fail to attach or be perfected; or

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

     (c) With respect to its obligations hereunder, each Guarantor hereby expressly waives
diligence, presentment, demand of payment, protest and all notices whatsoever, and any requirement
that the Administrative Agent or any holder of the Obligations exhaust any right, power or remedy
or proceed against any Person under any of the Loan Documents or any other documents relating to
the Obligations, or any other agreement or instrument referred to therein, or against any other
Person under any other guarantee of, or security for, any of the Obligations.

4.03 Reinstatement.

     The obligations of each Guarantor under this Article IV shall be automatically
reinstated if and to the extent that for any reason any payment by or on behalf of any Person in
respect of the Obligations is

69

 

rescinded or must be otherwise restored by any holder of any of the Obligations, whether as a
result of any Debtor Relief Law or otherwise, and each Guarantor agrees that it will indemnify the
Administrative Agent and each holder of the Obligations on demand for all reasonable costs and
expenses (including the fees, charges and disbursements of counsel) incurred by the Administrative
Agent or such holder of the Obligations in connection with such rescission or restoration,
including any such costs and expenses incurred in defending against any claim alleging that such
payment constituted a preference, fraudulent transfer or similar payment under any Debtor Relief
Law.

4.04 Certain Additional Waivers.

     Each Guarantor acknowledges and agrees that (a) the guaranty given hereby may be enforced
without the necessity of resorting to or otherwise exhausting remedies in respect of any other
security or collateral interests, and without the necessity at any time of having to take recourse
against the Borrowers hereunder or against any collateral securing the Obligations or otherwise,
and (b) it will not assert any right to require that action first be taken against the Borrowers or
any other Person (including any co-guarantor) or pursuit of any other remedy or enforcement any
other right, and (c) nothing contained herein shall prevent or limit action being taken against the
Borrowers hereunder, under the other Loan Documents or the other documents and agreements relating
to the Obligations or, foreclosure on any security or collateral interests relating hereto or
thereto, or the exercise of any other rights or remedies available in respect thereof, if neither
the Borrowers nor the Guarantors shall timely perform their obligations, and the exercise of any
such rights and completion of any such foreclosure proceedings shall not constitute a discharge of
the Guarantors’ obligations hereunder unless as a result thereof, the Obligations shall have been
paid in full and the commitments relating thereto shall have expired or terminated, it being the
purpose and intent that the Guarantors’ obligations hereunder be absolute, irrevocable, independent
and unconditional under all circumstances. Each Guarantor agrees that such Guarantor shall have no
right of recourse to security for the Obligations, except through the exercise of rights of
subrogation pursuant to Section 4.02 and through the exercise of rights of contribution
pursuant to Section 4.06.

4.05 Remedies.

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

4.06 Rights of Contribution.

     The Guarantors hereby agree as among themselves that, in connection with payments made
hereunder, each Guarantor shall have a right of contribution from each other Guarantor in
accordance with applicable Law. Such contribution rights shall be subordinate and subject in right
of payment to the Obligations until such time as the Obligations have been irrevocably paid in full
and the commitments relating thereto shall have expired or been terminated, and none of the
Guarantors shall exercise any such contribution rights until the Obligations have been irrevocably
paid in full and the Commitments shall have expired or been terminated.

70

 

4.07 Guarantee of Payment; Continuing Guarantee.

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

     (b) If, for any reason, notwithstanding the foregoing, the obligations and agreements of a
Guarantor herein cease to be a continuing security, the liability of such Guarantor hereunder at
the date of such cessation shall remain regardless of any subsequent increase or reduction in the
amounts due from any Borrower in respect of the Obligations. To the extent (if at all) relevant,
this perpetuity period for the rights herein contained is 80 years from the date and time of this
Agreement.

ARTICLE V

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

5.01 Conditions of Initial Credit Extension.

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

     (a) Loan Documents. Receipt by the Administrative Agent of executed
counterparts of this Agreement and the other Loan Documents, each properly executed by a
Responsible Officer of the signing Loan Party and, in the case of this Agreement, by each
Lender.

     (b) Opinions of Counsel. Receipt by the Administrative Agent of favorable
opinions of legal counsel to the Loan Parties1, addressed to the Administrative
Agent and each Lender, dated as of the Closing Date, and in form and substance satisfactory
to the Administrative Agent.

     (c) No Material Adverse Change. There shall not have occurred a material
adverse change since December 31, 2010 in the business, assets, liabilities (actual or
contingent), operations or condition (financial or otherwise) of the Company and its
Subsidiaries, taken as a whole.

     (d) Organization Documents, Resolutions, Etc. Receipt by the Administrative
Agent of the following, in form and substance satisfactory to the Administrative Agent:

     (i) copies of the Organization Documents of each Loan Party certified to be
true and complete as of a recent date by the appropriate Governmental Authority of
the state or other jurisdiction of its incorporation or organization, where
applicable, and certified by a secretary or assistant secretary of such Loan Party
to be true and correct as of the Closing Date;

     (ii) 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; and

 

			
	1	 	US, UK and Canadian

71

 

     (iii) such documents and certifications as the Administrative Agent may
reasonably require to evidence that each Loan Party is duly organized or formed, and
is validly existing, in good standing and qualified to engage in business in its
state of organization or formation.

     (e) Closing Certificate. Receipt by the Administrative Agent of a certificate
signed by a Responsible Officer of the Company certifying that the conditions specified in
Section 5.01(c) and Sections 5.02(a) and (b) have been satisfied.

     (f) Fees. Receipt by the Administrative Agent, the Arrangers and the Lenders
of any fees required to be paid on or before the Closing Date.

     (g) Attorney Costs. The Company shall have paid all reasonable out-of-pocket
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 Company and the Administrative
Agent).

     Without limiting the generality of the provisions of the last paragraph of Section
10.03, for purposes of determining compliance with the conditions specified in this Section
5.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved
or accepted or to be satisfied with, each document or other matter required thereunder to be
consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative
Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its
objection thereto.

5.02 Conditions to all Credit Extensions.

     The obligation of each Lender to honor any Request for Credit Extension is subject to the
following conditions precedent:

     (a) The representations and warranties of the Company and each other Loan Party
contained in Article VI 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.

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

     (c) In the case of a Credit Extension to be denominated in an Alternative Currency,
there shall not have occurred any change in national or international financial, political
or economic conditions or currency exchange rates or exchange controls which in the
reasonable opinion of the Administrative Agent, the Required Lenders (in the case of any
Committed Loans to be denominated in an Alternative Currency) or the L/C Issuer (in the case
of any Letter of Credit to be denominated in an Alternative Currency) would make it
impracticable for such Credit Extension to be denominated in the relevant Alternative
Currency.

72

 

     Each submitted Request for Credit Extension shall be deemed to be a representation and
warranty that the conditions specified in Sections 5.02(a) and (b) have been
satisfied on and as of the date of the applicable Credit Extension.

ARTICLE VI

REPRESENTATIONS AND WARRANTIES

	 	 	The Loan Parties represent and warrant to the Administrative Agent and the Lenders that:

6.01 Existence, Qualification and Power.

     The Company 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.

6.02 Authorization; No Contravention.

     The execution, delivery and performance by each Loan Party of each Loan Document to which such
Person is a party have been duly authorized by all necessary corporate or other organizational
action, and do 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.

6.03 Governmental Authorization; Other Consents.

     No approval, consent, exemption, authorization, or other action by, or notice to, or filing
with, any Governmental Authority or any other Person is necessary or required in connection with
the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement
or any other Loan Document other than those that have already been obtained and are in full force
and effect.

6.04 Binding Effect.

     Each Loan Document has been duly executed and delivered by each Loan Party that is party
thereto. Each Loan Document constitutes a legal, valid and binding obligation of each Loan Party
that is party thereto, enforceable against each such Loan Party in accordance with its terms.

6.05 Financial Statements; No Material Adverse Effect.

     (a) The financial statements delivered pursuant to Sections 7.01(a) and
7.01(b) (i) were prepared in accordance with GAAP consistently applied throughout the
period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the
financial condition of the Company and its

73

 

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 (subject, in the case of unaudited financial statements, to
the absence of footnotes and to normal year-end audit adjustments); and (iii) show all material
indebtedness and other material liabilities, direct or contingent, of the Company and its
Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and
Indebtedness.

     (b) Each of (i) the Audited Financial Statements and (ii) the unaudited consolidated financial
statements of the Company and its Subsidiaries for the fiscal quarter ending March 31, 2011 (A)
were prepared in accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein; (B) fairly present the financial condition of the
Company and its Subsidiaries as of the date thereof and their results of operations for the period
covered thereby (subject, in the case of unaudited financial statements, to the absence of
footnotes and to normal year-end audit adjustments); and (C) show all material indebtedness and
other material liabilities, direct or contingent, of the Company and its Subsidiaries as of the
date thereof, including liabilities for taxes, material commitments and Indebtedness.

     (c) From the date of the Audited Financial Statements to and including the Closing Date,
except as set forth on Schedule 6.05, there has been no Disposition or any Involuntary
Disposition of any material part of the business or property of the Company and its Subsidiaries,
taken as a whole, and no purchase or other acquisition by any of them of any business or property
(including any Equity Interests of any other Person) material in relation to the consolidated
financial condition of the Company and its Subsidiaries, taken as a whole, in each case, which is
not reflected in the foregoing financial statements or in the notes thereto and has not otherwise
been disclosed in writing to the Lenders on or prior to the Closing Date.

     (d) The financial statements delivered pursuant to Section 7.01(a) and 7.01(b)
have been prepared in accordance with GAAP (except as may otherwise be permitted under Section
7.01(a) and 7.01(b)) and present fairly (on the basis disclosed in the footnotes to
such annual audited financial statements) the consolidated financial condition, results of
operations and cash flows of the Company and its Subsidiaries as of the dates thereof and for the
periods covered thereby.

     (e) 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.

6.06 Litigation.

     There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of
the Loan Parties after due and diligent investigation, threatened or contemplated, at law, in
equity, in arbitration or before any Governmental Authority, by or against the Company 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 any of the transactions contemplated
hereby or (b) could reasonably be expected to have a Material Adverse Effect.

6.07 No Default.

     (a) Neither the Company nor any Subsidiary is in default under or with respect to any
Contractual Obligation that individually or in the aggregate could reasonably be expected to have a
Material Adverse Effect.

74

 

     (b) No Default has occurred and is continuing.

6.08 Ownership of Property.

     Each of the Company and 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.

6.09 Environmental Compliance.

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

6.10 Insurance.

     The properties of the Company and its Subsidiaries are insured with financially sound and
reputable insurance companies not Affiliates of the Company, 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 Company or the applicable Subsidiary operates.

6.11 Taxes.

     The Company and its Subsidiaries have filed or extended all federal, state and other material
tax returns and material reports required to be filed, and have paid all federal, state and other
material taxes, assessments, fees and other governmental charges levied or imposed upon them or
their properties, income or assets otherwise due and payable, except those which are being
contested in good faith by appropriate proceedings diligently conducted and for which adequate
reserves have been provided in accordance with GAAP. There is no proposed tax assessment against
the Company or any Subsidiary that would, if made, have a Material Adverse Effect. No Loan Party
nor any Subsidiary thereof is party to any tax sharing agreement.

6.12 ERISA Compliance.

     (a) Each Plan is in compliance in all material respects with the applicable provisions of
ERISA, the Internal Revenue Code and other federal or state Laws. Each Plan that is intended to
qualify under Section 401(a) of the Internal Revenue 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 Loan Parties, nothing has occurred which
would prevent, or cause the loss of, such qualification. Each Loan Party and each ERISA Affiliate
have made all required contributions to each Plan subject to Section 412 of the Internal Revenue
Code, and no application for a funding waiver or an extension of any amortization period pursuant
to Section 412 of the Internal Revenue Code has been made with respect to any Plan.

     (b) There are no pending or, to the best knowledge of the Loan Parties, 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

75

 

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) Except as could not reasonably be expected to result in a Material Adverse Effect (i) No
ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan has any Unfunded
Pension Liability; (iii) no Loan Party or 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) no Loan Party or 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) no Loan Party or any
ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or 4212(c) of
ERISA.

6.13 Subsidiaries.

     Set forth on Schedule 6.13 is a complete and accurate list as of the Closing Date of
each Subsidiary, together with (i) jurisdiction of organization, (ii) percentage of outstanding
shares of each class owned (directly or indirectly) by the Company or any Subsidiary and (iii) an
indication of whether such Subsidiary is a Significant Subsidiary. The outstanding Equity
Interests of each Subsidiary are validly issued, fully paid and non-assessable.

6.14 Margin Regulations; Investment Company Act.

     (a) No Borrower is engaged or will 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. Following
the application of the proceeds of each Borrowing or drawing under each Letter of Credit, not more
than 25% of the value of the assets (either of the applicable Borrower only or of the Company and
its Subsidiaries on a consolidated basis) subject to the provisions of Section 8.01 or
Section 8.05 or subject to any restriction contained in any agreement or instrument between
any Borrower and any Lender or any Affiliate of any Lender relating to Indebtedness and within the
scope of Section 9.01(e) will be margin stock.

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

6.15 Disclosure.

     Each Loan Party has disclosed to the Administrative Agent and the Lenders all agreements,
instruments and corporate or other restrictions to which it or any of its Subsidiaries is subject,
and all other 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 Loan Parties represent only that such
information was prepared in good faith based upon assumptions believed to be reasonable at the
time.

76

 

6.16 Compliance with Laws.

     The Company and each Subsidiary is in compliance 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 the failure to comply therewith could not reasonably be expected to have a
Material Adverse Effect.

6.17 Intellectual Property; Licenses, Etc.

     The Company and its Subsidiaries own, or possess the legal 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. Except for such claims and
infringements that could not reasonably be expected to have a Material Adverse Effect, no claim has
been asserted and is pending by any Person challenging or questioning the use of any IP Rights or
the validity or effectiveness of any IP Rights, nor does any Loan Party know of any such claim,
and, to the knowledge of the Responsible Officers of the Loan Parties, the use of any IP Rights by
the Company or any Subsidiary or the granting of a right or a license in respect of any IP Rights
from the Company or any Subsidiary does not infringe on the rights of any Person.

6.18 Solvency.

     The Loan Parties are Solvent on a consolidated basis.

6.19 Labor Matters.

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

6.20 Taxpayer Identification Number.

     Set forth on Schedule 6.20 is the U.S. tax payer identification number (or its foreign
equivalent) of each Loan Party as of the Closing Date.

6.21 Foreign Borrowers.

     (a) Each Foreign Borrower is subject to civil and commercial Laws with respect to its
obligations under this Agreement and the other Loan Documents to which it is a party (collectively
as to such Foreign Borrower, the “Applicable Foreign Borrower Documents”), and the
execution, delivery and performance by such Foreign Borrower of the Applicable Foreign Borrower
Documents constitute and will constitute private and commercial acts and not public or governmental
acts. No Foreign Borrower nor any of its property has any immunity from jurisdiction of any court
or from any legal process (whether through service or notice, attachment prior to judgment,
attachment in aid of execution, execution or otherwise) under the laws of the jurisdiction in which
such Foreign Borrower is organized and existing in respect of its obligations under the Applicable
Foreign Borrower Documents.

     (b) The Applicable Foreign Borrower Documents are in proper legal form under the Laws of the
jurisdiction in which each Foreign Borrower is organized and existing for the enforcement thereof
against such Foreign Borrower under the Laws of such jurisdiction, and to ensure the legality,
validity, enforceability, priority or admissibility in evidence of the Applicable Foreign Borrower
Documents. It is not necessary to ensure the legality, validity, enforceability, priority or
admissibility in evidence of the

77

 

Applicable Foreign Borrower Documents that the Applicable Foreign Borrower Documents be filed,
registered or recorded with, or executed or notarized before, any court or other authority in the
jurisdiction in which the applicable Foreign Borrower is organized and existing or that any
registration charge or stamp or similar tax be paid on or in respect of the Applicable Foreign
Borrower Documents or any other document, except for (i) any such filing, registration, recording,
execution or notarization as has been made or is not required to be made until the Applicable
Foreign Borrower Document or any other document is sought to be enforced and (ii) any charge or tax
as has been timely paid.

     (c) There is no tax, levy, impost, duty, fee, assessment or other governmental charge, or any
deduction or withholding, imposed by any Governmental Authority in or of the jurisdiction in which
any Foreign Borrower is organized and existing either (i) on or by virtue of the execution or
delivery of the Applicable Foreign Borrower Documents or (ii) on any payment to be made by such
Foreign Borrower pursuant to the Applicable Foreign Borrower Documents, except as has been
disclosed to the Administrative Agent and provided in the case of payments in respect of interest
made by the U.K. Borrower that each Lender is (and remains) a U.K. Qualifying Lender.

     (d) The execution, delivery and performance of the Applicable Foreign Borrower Documents
executed by each Foreign Borrower are, under applicable foreign exchange control regulations of the
jurisdiction in which such Foreign Borrower is organized and existing, not subject to any
notification or authorization except (i) such as have been made or obtained or (ii) such as cannot
be made or obtained until a later date (provided that any notification or authorization
described in clause (ii) shall be made or obtained as soon as is reasonably practicable).

ARTICLE VII

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
Loan Parties shall and shall cause each Subsidiary to:

7.01 Financial Statements.

     Deliver to the Administrative Agent (for distribution to the Lenders), in form and detail
satisfactory to the Administrative Agent and the Required Lenders:

     (a) as soon as available, but in any event within ninety days after the end of each
fiscal year of the Company, a consolidated balance sheet of the Company 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, audited and accompanied by a report and opinion of any
“Big Four” accounting firm or any other independent certified public accountant of
nationally recognized standing reasonably acceptable to the Administrative Agent, which
report and opinion shall be prepared in accordance with generally accepted auditing
standards and shall not be subject to any “going concern” or like qualification or exception
or any qualification or exception as to the scope of such audit; and

     (b) as soon as available, but in any event within forty-five days after the end of each
of the first three fiscal quarters of each fiscal year of the Company, a consolidated
balance sheet of the Company 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

78

 

fiscal quarter and for the portion of the Company’s fiscal year then ended, setting
forth in each case in comparative form the figures for the corresponding fiscal quarter of
the previous fiscal year and the corresponding portion of the previous fiscal year, all in
reasonable detail and certified by the chief executive officer, chief financial officer,
treasurer or controller of the Company as fairly presenting the financial condition, results
of operations, shareholders’ equity and cash flows of the Company and its Subsidiaries in
accordance with GAAP, subject only to normal year-end audit adjustments and the absence of
footnotes.

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

7.02 Certificates; Other Information.

     Deliver to the Administrative Agent (for distribution to the Lenders), in form and detail
satisfactory to the Administrative Agent and the Required Lenders:

     (a) concurrently with the delivery of the financial statements referred to in
Sections 7.01(a) and (b), a duly completed Compliance Certificate signed by the
chief executive officer, chief financial officer, treasurer or controller of the Company
(which delivery may, unless the Administrative Agent, or a Lender requests executed
originals, be by electronic communication including fax or email and shall be deemed to be
an original authentic counterpart thereof for all purposes);

     (b) not later than 30 days following the end of each fiscal year of the Company,
beginning with the fiscal year ending December 31, 2011, an annual consolidated business
plan and budget of the Company and its Subsidiaries containing, among other things, budgeted
consolidated financial statements for the next fiscal year;

     (c) promptly after the same are available, copies of each annual report, proxy or
financial statement or other report or communication sent to the equityholders of any Loan
Party, and copies of all annual, regular, periodic and special reports and registration
statements which a Loan Party may file or be required to file with the SEC under Section 13
or 15(d) of the Securities Exchange Act of 1934, and not otherwise required to be delivered
to the Administrative Agent pursuant hereto;

     (d) concurrently with the delivery of the financial statements referred to in
Sections 7.01(a) and (b), a report signed by a Responsible Officer of the Company
that supplements Schedule 6.13, such that, as supplemented, such Schedule
would be to be accurate and complete as of such date;

     (e) 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 the Company by independent
accountants in connection with the accounts or books of the Company or any Subsidiary, or
any audit of any of them;

     (f) promptly after the furnishing thereof, copies of any statement or report furnished
to any holder of debt securities of any Loan Party or any Subsidiary thereof pursuant to the
terms

79

 

of any indenture, loan or credit or similar agreement and not otherwise required to be
furnished to the Lenders pursuant to Section 7.01 or any other clause of this
Section 7.02;

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

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

     Documents required to be delivered pursuant to Section 7.01(a) or (b) or Section
7.02(d) (to the extent any such documents are included in materials otherwise filed with the
SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on
the date (i) on which the Company posts such documents, or provides a link thereto on the Company’s
website on the Internet at the website address listed on Schedule 11.02; or (ii) on which
such documents are posted on the Company’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 Company
shall deliver paper copies of such documents to the Administrative Agent or any Lender (through the
Administrative Agent) that requests the Company 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 Company shall notify (by facsimile or electronic mail) the Administrative Agent and each
Lender (through the Administrative Agent) 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. 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 Company 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.

     Each Borrower hereby acknowledges that (a) the Administrative Agent and/or MLPFS will make
available to the Lenders and the L/C Issuer materials and/or information provided by or on behalf
of such 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 any of the Borrowers or their respective
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. Each
Borrower hereby agrees that (w) all Borrower Materials that are to be made available to Public
Lenders 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 Borrowers shall be deemed to have authorized the Administrative Agent, MLPFS, the L/C
Issuer and the Lenders to treat such Borrower Materials as not containing any material non-public
information with respect to the Borrowers or their respective securities for purposes of United
States federal and state securities laws (provided, however, 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 as “Public Side Information;” and (z) the Administrative Agent
and MLPFS shall treat any Borrower Materials that are not marked “PUBLIC” as being suitable only
for posting on a portion of the Platform

80

 

not marked as “Public Side Information.” Notwithstanding the foregoing, no Borrower shall be
under any obligation to mark any Borrower Materials “PUBLIC.”

7.03 Notices.

     Promptly notify the Administrative Agent and each Lender of (a) the occurrence of any Default;
(b) any matter that has resulted or could reasonably be expected to result in a Material Adverse
Effect; (c) the occurrence of any ERISA Event; and (d) any material change in accounting policies
or financial reporting practices by the Company or any Subsidiary that would affect the computation
of any financial ratio or requirement set forth in any Loan Document. Each notice pursuant to this
Section 7.03 shall be accompanied by a statement of a Responsible Officer of the Company
setting forth details of the occurrence referred to therein and stating what action the Company has
taken and proposes to take with respect thereto. Each notice pursuant to Section 7.03(a)
shall describe with particularity any and all provisions of this Agreement and any other Loan
Document that have been breached.

7.04 Payment of Taxes.

     Pay and discharge, as the same shall become due and payable, all its 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 Company or such Subsidiary.

7.05 Preservation of Existence, Etc.

     (a) Preserve, renew and maintain in full force and effect its legal existence and, if
applicable, good standing under the Laws of the jurisdiction of its organization except in a
transaction permitted by Section 8.04 or 8.05.

     (b) Take all reasonable action to maintain all rights, privileges, permits, licenses, IP
Rights and franchises necessary or desirable in the normal conduct of its business, except to the
extent that the failure to do so could not reasonably be expected to have a Material Adverse
Effect.

     (c) Maintain all material authorizations, consents, approvals and licenses from, exemptions
of, and filings and registrations with, each Governmental Authority of the jurisdiction in which
each Foreign Borrower is organized and existing, and all material approvals and consents of each
other Person in such jurisdiction, in each case that are required in connection with the Loan
Documents.

7.06 Maintenance of Properties.

     (a) Maintain, preserve and protect all of its material properties and equipment necessary in
the operation of its business in good working order and condition, ordinary wear and tear excepted.

     (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.

7.07 Maintenance of Insurance.

     Maintain in full force and effect insurance (including worker’s compensation insurance,
liability insurance, casualty insurance and business interruption insurance) with financially sound
and reputable insurance companies not Affiliates of the Company, in such amounts, with such
deductibles and covering

81

 

such risks as are customarily carried by companies engaged in similar businesses and owning similar
properties in localities where the Company or the applicable Subsidiary operates.

7.08 Compliance with Laws.

     Comply 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 the failure to
comply therewith could not reasonably be expected to have a Material Adverse Effect.

7.09 Books and Records.

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

     (b) Maintain such books of record and account in material conformity with all applicable
requirements of any Governmental Authority having regulatory jurisdiction over the Company or such
Subsidiary, as the case may be.

7.10 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 and officers, all such visits and inspections of the Administrative
Agent at such reasonable times during normal business hours and as often as may be reasonably
desired, upon reasonable advance notice to the Company; provided, however, that (a)
absent the existence of an Event of Default, the Company shall not be required to pay for more than
two such visits or inspections during any calendar year and (b) 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 Company at any time during normal
business hours and without advance notice.

7.11 Use of Proceeds.

     Use the proceeds of the Credit Extensions (a) to finance working capital, capital
expenditures, Permitted Acquisitions, Investments, dividends, repurchases of the Company’s common
stock and other lawful corporate purposes, and (b) to refinance certain existing Indebtedness,
provided that in no event shall the proceeds of the Credit Extensions be used in
contravention of any Law or of any Loan Document.

7.12 Additional Guarantors.

     (a) Within sixty (60) days after either (i) the acquisition or formation of any Significant
Subsidiary or (ii) the date that any Subsidiary otherwise becomes a Significant Subsidiary, (A)
notify the Administrative Agent thereof in writing, and (B) cause such Significant Subsidiary to
(1) become a Guarantor by executing and delivering to the Administrative Agent a Joinder Agreement
or such other documents as the Administrative Agent shall deem appropriate for such purpose, and
(2) upon the request of the Administrative Agent in its sole discretion, deliver to the
Administrative Agent such Organization Documents, resolutions and favorable opinions of counsel,
all in form, content and scope reasonably satisfactory to the Administrative Agent.

82

 

     (b) Cause Immaterial Subsidiaries to (i) become Guarantors by executing and delivering to the
Administrative Agent a Joinder Agreement or such other documents as the Administrative Agent shall
deem appropriate for such purpose, to the extent necessary such that (A) the assets of all
Immaterial Subsidiaries that are not Loan Parties shall not exceed 10% of the total assets of the
Company and its Domestic Subsidiaries (other than Navigant Capital Advisors, LLC) on a consolidated
basis and (B) the gross revenues of all Immaterial Subsidiaries that are not Loan Parties shall not
exceed 10% of the gross revenues of the Company and its Domestic Subsidiaries (other than Navigant
Capital Advisors, LLC) on a consolidated basis in any consecutive twelve month period and (ii) upon
the request of the Administrative Agent in its sole discretion, deliver to the Administrative Agent
such Organization Documents, resolutions and favorable opinions of counsel, all in form, content
and scope reasonably satisfactory to the Administrative Agent.

     (c) Notwithstanding the foregoing subsections (a) and (b) to the contrary, (i) Navigant
Capital Advisors, LLC shall not be required to become a Guarantor pursuant to this Section
7.12 and (ii) the Loan Parties shall have sixty days from the date of consummation of any
Permitted Acquisition (or such later date as the Administrative Agent may agree in its sole
discretion) to comply with this Section 7.12 with respect to any Subsidiaries that are
acquired through such Permitted Acquisition.

7.13 ERISA Compliance.

     Do, and cause each of its ERISA Affiliates to do, each of the following: (a) maintain each
Plan in compliance in all material respects with the applicable provisions of ERISA, the Internal
Revenue Code and other federal or state law; (b) cause each Plan that is qualified under Section
401(a) of the Internal Revenue Code to maintain such qualification; and (c) make all required
contributions to any Plan subject to Section 412 of the Internal Revenue Code.

ARTICLE VIII

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, no
Loan Party shall, nor shall it permit any Subsidiary to, directly or indirectly:

8.01 Liens.

     Create, incur, assume or suffer to exist any Lien upon any of its property, assets or
revenues, whether now owned or hereafter acquired, other than the following:

     (a) Liens pursuant to any Loan Document;

     (b) Liens existing on the date hereof and listed on Schedule 8.01 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 8.03(b), (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 8.03(b);

     (c) Liens (other than Liens imposed under ERISA) for taxes, assessments or governmental
charges or levies not yet due or which are being contested in good faith and by

83

 

appropriate proceedings diligently conducted, if adequate reserves with respect thereto
are maintained on the books of the applicable Person in accordance with GAAP;

     (d) statutory Liens of landlords and Liens of carriers, warehousemen, mechanics,
materialmen and suppliers and other Liens imposed by law or pursuant to customary
reservations or retentions of title arising in the ordinary course of business,
provided that such Liens secure only amounts not yet due and payable or, if due and
payable, are unfiled and no other action has been taken to enforce the same or are being
contested in good faith by appropriate proceedings for which adequate reserves determined in
accordance with GAAP have been established;

     (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 (or appeal or other surety bonds
relating to such judgments) not constituting an Event of Default under Section
9.01(h);

     (i) Liens securing purchase money Indebtedness permitted under Section 8.03(e);
provided that (i) such Liens do not at any time encumber any property other than the
property financed by such Indebtedness, (ii) if such Liens existed on assets of a Person
existing at the time such Person becomes a Subsidiary of the Company in connection with a
Permitted Acquisition, such Liens were not created in contemplation of such Permitted
Acquisition and (iii) if such Liens are created or granted by the Company or a Subsidiary,
such Liens attach to such property concurrently or within ninety days after the acquisition
thereof;

     (j) leases or subleases granted to others not interfering in any material respect with
the business of the Company or any of its Subsidiaries;

     (k) any interest of title of a lessor under, and Liens arising from UCC financing
statements (or equivalent filings, registrations or agreements in foreign jurisdictions)
relating to, leases permitted by this Agreement;

     (l) Liens deemed to exist in connection with Investments in repurchase agreements
permitted under Section 8.02;

     (m) normal and customary rights of setoff upon deposits of cash in favor of banks or
other depository institutions;

     (n) Liens of a collection bank arising under Section 4-210 of the Uniform
Commercial Code on items in the course of collection; and

84

 

     (o) Liens on shares of the Company’s common capital stock that have been
repurchased by the Company and held in treasury, to the extent such common capital stock
constitutes “margin stock” within the meaning of Regulation U.

	8.02	 	Investments.
	 
	 	 	Make any Investments, except:

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

     (b) Investments existing as of the Closing Date and set forth in Schedule 8.02;

     (c) Investments in any Person that is a Loan Party prior to giving effect to such
Investment; provided, however, that the amount of all such Investments made
by the Domestic Loan Parties in the Foreign Borrowers shall not exceed $75,000,000 in the
aggregate at any time outstanding, exclusive of Investments set forth in Schedule
8.02;

     (d) Investments by any Subsidiary of the Company that is not a Loan Party in any other
Subsidiary of the Company that is not a Loan Party;

     (e) 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;

     (f) Investments consisting of loans and advances to officers and directors in the
ordinary course of business not to exceed $5,000,000 in the aggregate at any time
outstanding;

     (g) Permitted Acquisitions;

     (h) Investments in non-wholly-owned Subsidiaries in an amount not to exceed $10,000,000
in the aggregate at any time outstanding; and

     (i) other Investments in an amount not to exceed $50,000,000 in the aggregate at any
time outstanding.

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

     (a) Indebtedness under the Loan Documents;

     (b) Indebtedness set forth in Schedule 8.03 (and renewals, refinancings and
extensions thereof; provided that (i) the amount of such Indebtedness is not
increased at the time of such refinancing, 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 (ii)
the terms relating to principal amount, amortization, maturity, collateral (if any) and

85

 

subordination (if any), and other material terms taken as a whole, of any such refinancing,
renewal or extension 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, 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;

     (c) intercompany Indebtedness permitted under Section 8.02;

     (d) 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
liabilities, commitments, investments, assets, or property held or reasonably anticipated by
such Person, or changes in the value of securities issued by such Person, and not for
purposes of speculation or taking a “market view;” and (ii) such Swap Contract does not
contain any provision exonerating the non-defaulting party from its obligation to make
payments on outstanding transactions to the defaulting party;

     (e) purchase money Indebtedness (including obligations in respect of Capital Leases or
Synthetic Leases) or other Indebtedness that is that is assumed or acquired in connection
with Permitted Acquisitions provided that (i) in the case of purchase money
Indebtedness, such Indebtedness (A) is incurred to either finance the purchase of fixed
assets or to renew, refinance or extend such Indebtedness and (B) when incurred shall not
exceed the purchase price of the asset(s) financed, (ii) in the case of Indebtedness assumed
or acquired in connection with a Permitted Acquisition, (A) such Indebtedness was not
created in anticipation of such Permitted Acquisition and (B) if such Indebtedness is not
purchase money Indebtedness or mortgage Indebtedness, such Indebtedness is unsecured and
(iii) the outstanding principal amount of all such Indebtedness shall not as of any date
exceed an amount equal to 5% of the Company’s consolidated total revenues for the four
fiscal quarter period most recently ended prior to such date and with respect to which the
financial statements required by Section 7.01 have been delivered;

     (f) Indebtedness consisting of the deferred purchase price of Permitted Acquisitions,
provided that the outstanding principal amount of all such Indebtedness shall not as
of any date exceed an amount equal to 7.5% of the Company’s consolidated total revenues for
the four fiscal quarter period most recently ended prior to such date and with respect to
which the financial statements required by Section 7.01 have been delivered;

     (g) unsecured Debt incurred by Navigant Hong Kong or Dubai, in an aggregate principal
amount not to exceed $10,000,000 at any one time outstanding;

     (h) other unsecured Indebtedness in an aggregate principal amount not to exceed
$25,000,000 at any one time outstanding; and

     (i) Guarantees with respect to Indebtedness permitted this Section 8.03,
provided neither the Company nor any Domestic Subsidiary shall be permitted to
Guarantee the Indebtedness (other than the Obligations) of any Foreign Subsidiary unless
such Guarantee is permitted by Section 8.02.

86

 

	8.04	 	Fundamental Changes.

     Merge, dissolve, liquidate or consolidate with or into another Person, except that so long as
no Default exists or would result therefrom, (a) the Company may merge or consolidate with any of
its Subsidiaries provided that the Company is the continuing or surviving corporation, (b) a
Foreign Borrower may merge or consolidate with any of its Subsidiaries provided that such Foreign
Borrower shall be the continuing or surviving Person, (c) any Domestic Loan Party (other than the
Company) may merge or consolidate with any other Domestic Subsidiary of the Company provided that a
Domestic Loan Party shall be the continuing or surviving Person, (d) any Foreign Subsidiary that is
not a Loan Party may merge or consolidate with (i) any Loan Party provided that the Loan Party
shall be the continuing or surviving Person or (ii) any other Foreign Subsidiary that is not a Loan
Party, (e) subject to clause (a) above, the Company or any Subsidiary may merge with any other
Person in connection with a Permitted Acquisition and (f) any Subsidiary of the Company (other than
a Foreign Borrower) may dissolve, liquidate or wind up its affairs at any time provided that such
dissolution, liquidation or winding up, as applicable, could not have a Material Adverse Effect.

	8.05	 	Dispositions.
	 
	 	 	Make any Disposition except:

     (a) Permitted Transfers; and

          (b) other Dispositions so long as (i) at least 75% of the consideration paid in connection
therewith shall be cash or Cash Equivalents paid contemporaneous with consummation of the
transaction and shall be in an amount not less than the fair market value of the property disposed
of, (ii) such transaction does not involve the sale or other disposition of a minority equity
interest in any Subsidiary, (iii) such transaction does not involve a sale or other disposition of
receivables other than receivables owned by or attributable to other property concurrently being
disposed of in a transaction otherwise permitted under this Section 8.05, (iv) the
aggregate net book value of all of the assets sold or otherwise disposed of by the Company and its
Subsidiaries in all such transactions (A) in any fiscal year of the Company shall not exceed 10% of
the net worth of the Company and its Subsidiaries on a consolidated basis as of the end of the
preceding fiscal year and (B) during the term of this Agreement shall not exceed 25% of the net
worth of the Company and its Subsidiaries on a consolidated basis as of the end of the preceding
fiscal year, and (v) in the case of any Disposition where the aggregate net book value of all of
the assets sold or otherwise disposed of exceeds $25,000,000, no later than five (5) Business Days
prior to such Disposition, the Company shall have delivered to the Administrative Agent a Pro Forma
Compliance Certificate demonstrating that, upon giving effect to such transaction, the Loan Parties
would be in compliance with the financial covenants set forth in Section 8.11 on a Pro
Forma Basis.

	8.06	 	Restricted Payments.

     Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation
(contingent or otherwise) to do so, except that:

     (a) each Subsidiary may make Restricted Payments to (i) any Loan Party or (ii) each
Person that owns an Equity Interest in such Subsidiary, in each case, ratably according to
their respective holdings of the type of Equity Interest in respect of which such Restricted
Payment is being made;

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

87

 

     (c) so long as no Default exists immediately prior and after giving effect thereto, the
Company may repurchase shares of its common capital stock and pay cash dividends to holders
of its common Equity Interests.

	8.07	 	Change in Nature of Business.

     Engage in any material line of business substantially different from those lines of business
conducted by the Company and its Subsidiaries on the Closing Date, any business substantially
related or incidental thereto or any reasonable extensions thereof.

	8.08	 	Transactions with Affiliates and Insiders.

     Enter into or permit to exist any transaction or series of transactions with any officer,
director or Affiliate of such Person other than (a) advances of working capital to any Loan Party,
(b) transfers of cash and assets to any Loan Party, (c) intercompany transactions expressly
permitted by Section 8.02, Section 8.03, Section 8.04, Section 8.05
or Section 8.06, (d) normal and reasonable compensation and reimbursement of expenses of
officers and directors and (e) except as otherwise specifically limited in this Agreement, other
transactions which are entered into in the ordinary course of such Person’s business on terms and
conditions substantially as favorable to such Person as would be obtainable by it in a comparable
arms-length transaction with a Person other than an officer, director or Affiliate.

	8.09	 	Burdensome Agreements.

     Enter into, or permit to exist, any Contractual Obligation that (a) encumbers or restricts on
the ability of any such Person to (i) make Restricted Payments to any Loan Party, (ii) pay any
Indebtedness or other obligation owed to any Loan Party, (iii) make loans or advances to any Loan
Party, (iv) transfer any of its property to any Loan Party, (v) pledge its property to secure its
obligations under the Loan Documents or any renewals, refinancings, exchanges, refundings or
extension thereof or (vi) act as a Loan Party pursuant to the Loan Documents or any renewals,
refinancings, exchanges, refundings or extension thereof, except (in respect of any of the matters
referred to in clauses (i)-(v) above) for (1) this Agreement and the other Loan Documents, (2) any
document or instrument governing Indebtedness incurred pursuant to Section 8.03(e),
provided that any such restriction contained therein relates only to the asset or assets
constructed or acquired in connection therewith, (3) any Permitted Lien or any document or
instrument governing any Permitted Lien, provided that any such restriction contained
therein relates only to the asset or assets subject to such Permitted Lien or (4) customary
restrictions and conditions contained in any agreement relating to the sale of any property
permitted under Section 8.05 pending the consummation of such sale, or (b) requires the
grant of any security for any obligation if such property is given as security for the Obligations.

	8.10	 	Use of Proceeds.

     Use the proceeds of any Credit Extension, whether directly or indirectly, and whether
immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of
Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying
margin stock or to refund indebtedness originally incurred for such purpose (other than, so long as
the representation in Section 6.14(a) is true and correct, redemptions of the Company’s
Equity Interests that are permitted under Section 8.06).

88

 

	8.11	 	Financial Covenants.

     (a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as of the end
of any fiscal quarter of the Company set forth below to be greater than the ratio corresponding to
such fiscal quarter:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Calendar Year	 	March 31	 	 	June 30	 	 	September 30	 	 	December 31	 
	2011
	 	 	n/a	 	 	 	3.25 to 1.0	 	 	 	3.25 to 1.0	 	 	 	3.25 to 1.0	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2012 and thereafter
	 	 	3.50 to 1.0	 	 	 	3.25 to 1.0	 	 	 	3.25 to 1.0	 	 	 	3.25 to 1.0	 

     (b) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage
Ratio as of the end of any fiscal quarter of the Company to be less than 2.0 to 1.0.

     The foregoing calculations shall be determined in accordance with Section 1.03(c).

	8.12	 	Prepayment of Other Indebtedness, Etc.

     (a) If any Default exists, amend or modify any of the terms of any Indebtedness of the Company
or any Subsidiary having a principal amount in excess of $500,000 (other than Indebtedness arising
under the Loan Documents) if such amendment or modification would add or change any terms in a
manner adverse to the Company or any Subsidiary, or shorten the final maturity or average life to
maturity or require any payment to be made sooner than originally scheduled or increase the
interest rate applicable thereto.

     (b) If any Default exists, make (or give any notice with respect thereto) any voluntary or
optional payment or prepayment or redemption or acquisition for value of (including without
limitation, by way of depositing money or securities with the trustee with respect thereto before
due for the purpose of paying when due), refund, refinance or exchange of any Indebtedness of the
Company or any Subsidiary having a principal amount in excess of $500,000 (other than Indebtedness
arising under the Loan Documents).

	8.13	 	Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of
Entity.

	 	(a)	 	Amend, modify or change its Organization Documents in a manner adverse to the Lenders.
	 
	 	(b)	 	Change its fiscal year.

	8.14	 	Sale and Leaseback Transactions.
	 
	 	 	Enter into any Sale and Leaseback Transaction.

89

 

ARTICLE IX

EVENTS OF DEFAULT AND REMEDIES

	9.01	 	Events of Default.

Any of the following shall constitute an Event of Default:

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

     (b) Specific Covenants. Any Loan Party fails to perform or observe any term,
covenant or agreement contained in any of Section 7.01, 7.02, 7.03,
7.05, 7.10, 7.11 or 7.12, or Article VIII; or

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

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

90

 

     (f) Insolvency Proceedings, Etc. The Company or any Subsidiary or any of its
Subsidiaries (other than an Immaterial Subsidiary) 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 sixty 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 sixty calendar days, or an order for relief is entered
in any such proceeding; or

     (g) Inability to Pay Debts; Attachment. (i) The Company or any Subsidiary
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 thirty days after its issue or levy; or

     (h) Judgments. There is entered against the Company or any Subsidiary (i) one
or more final judgments or orders for the payment of money in an aggregate amount (as to all
such judgments or orders) exceeding the Threshold Amount (to the extent not covered by
independent third-party insurance as to which the insurer has been notified of the 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 twenty 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 Company 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 Company 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 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 Loan Document; or any Loan Party denies that it has any or further
liability or obligation under any Loan Document, or purports to revoke, terminate or rescind
any Loan Document; or

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

	9.02	 	Remedies Upon Event of Default.

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

91

 

     (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 Borrowers;

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

     (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;

provided, however, that upon the occurrence of an actual or deemed entry of an
order for relief with respect to any 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 Company 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.

	9.03	 	Application of Funds.

     After the exercise of remedies provided for in Section 9.02 (or after the Loans have
automatically become immediately due and payable and the L/C Obligations have automatically been
required to be Cash Collateralized as set forth in the proviso to Section 9.02),

     (a) any amounts received from the Domestic Loan Parties shall be applied by the Administrative
Agent in the following order:

     First, to payment of that portion of the Domestic 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 Domestic 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 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 Domestic Obligations constituting
accrued and unpaid Letter of Credit Fees and interest on the Loans and L/C Borrowings and
fees, premiums and scheduled periodic payments, and any interest accrued thereon, due under
any Swap Contract between any Domestic Loan Party and any Lender, or any Affiliate of a
Lender, to the extent such Swap Contract is permitted by Section 8.03(d), ratably
among the Lenders (and, in the case of such Swap Contracts, Affiliates of Lenders) and the
L/C Issuer in proportion to the respective amounts described in this clause Third
held by them;

92

 

     Fourth, to (a) payment of that portion of the Domestic Obligations constituting
unpaid principal of the Loans and L/C Borrowings, (b) payment of breakage, termination or
other payments, and any interest accrued thereon, due under any Swap Contract between any
Domestic Loan Party and any Lender, or any Affiliate of a Lender, to the extent such Swap
Contract is permitted by Section 8.03(d), (c) payments of amounts due under any
Treasury Management Agreement between any Domestic Loan Party and any Lender, or any
Affiliate of a Lender and (d) Cash Collateralize that portion of L/C Obligations comprised
of the aggregate undrawn amount of Letters of Credit, ratably among the Lenders (and, in the
case of such Swap Contracts, Affiliates of Lenders) and the L/C Issuer in proportion to the
respective amounts described in this clause Fourth held by them;

     Fifth, after all Domestic Obligations have been paid in full, to the payment of
all remaining Obligations in the manner provided in Sections 9.03(b) and
9.03(c) (in each case after giving effect to any application of amounts recovered
from the Foreign Borrowers to the payment of such Obligations); and

     Last, the balance, if any, after all of the Obligations have been indefeasibly
paid in full, to the applicable Loan Party or as otherwise required by Law;

     provided that subject to Section 2.03(c), amounts used to Cash Collateralize
the aggregate undrawn amount of Letters of Credit pursuant to clause Fourth 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; above; and

     (b) any amounts received from any Foreign Borrower (other than the Canadian Borrower) or
otherwise available pursuant to clause Fifth of Section 9.03(a) shall be applied by
the Administrative Agent in the following order:

     First, to payment of that portion of the Foreign Obligations of such Foreign
Borrower 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 Foreign Obligations of such Foreign
Borrower constituting fees, indemnities and other amounts (other than principal and
interest) payable to the Lenders (including fees, charges and disbursements of counsel to
the respective Lenders 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 Foreign Obligations of such Foreign
Borrower constituting accrued and unpaid interest on the Loans and fees, premiums and
scheduled periodic payments, and any interest accrued thereon, due under any Swap Contract
between such Foreign Borrower and any Lender, or any Affiliate of a Lender, to the extent
such Swap Contract is permitted by Section 8.03(d), ratably among the Lenders (and,
in the case of such Swap Contracts, Affiliates of Lenders) in proportion to the respective
amounts described in this clause Third held by them;

     Fourth, to (a) payment of that portion of the Foreign Obligations of such
Foreign Borrower constituting unpaid principal of the Loans, (b) payment of breakage,
termination or other payments, and any interest accrued thereon, due under any Swap Contract
between such

93

 

Foreign Borrower and any Lender, or any Affiliate of a Lender, to the extent such Swap
Contract is permitted by Section 8.03(d), and (c) payments of amounts due under any
Treasury Management Agreement between such Foreign Borrower and any Lender, or any Affiliate
of a Lender, ratably among the Lenders (and, in the case of such Swap Contracts, Affiliates
of Lenders) in proportion to the respective amounts described in this clause Fourth
held by them; and

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

     (c) any amounts received from the Canadian Borrower or otherwise available pursuant to clause
Fifth of Section 9.03(a) shall be applied by the Administrative Agent in the
following order:

     First, to payment of that portion of the Canadian 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 Canadian Obligations constituting
fees, indemnities and other amounts (other than principal and interest) payable to the
Lenders (including fees, charges and disbursements of counsel to the respective Lenders 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 (a) payment of that portion of the Canadian Obligations constituting
unpaid principal of the Canadian Loans, (b) payment of breakage, termination or other
payments, and any interest accrued thereon, due under any Swap Contract between the Canadian
Borrower and any Lender, or any Affiliate of a Lender, to the extent such Swap Contract is
permitted by Section 8.03(d), and (c) payments of amounts due under any Treasury
Management Agreement between the Canadian Borrower and any Lender, or any Affiliate of a
Lender, ratably among the Lenders (and, in the case of such Swap Contracts, Affiliates of
Lenders) in proportion to the respective amounts described in this clause Third held
by them;

     Fourth, to payment of that portion of the Canadian Obligations constituting
accrued and unpaid interest on the Canadian Loans and fees, premiums and scheduled periodic
payments, and any interest accrued thereon, due under any Swap Contract between the Canadian
Borrower and any Lender, or any Affiliate of a Lender, to the extent such Swap Contract is
permitted by Section 8.03(d), ratably among the Lenders (and, in the case of such
Swap Contracts, Affiliates of Lenders) in proportion to the respective amounts described in
this clause Fourth held by them; and

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

94

 

ARTICLE X

ADMINISTRATIVE AGENT

	10.01	 	Appointment and Authority.

     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 no Loan Party shall have
rights as a third party beneficiary of any of such provisions.

	10.02	 	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 any Loan Party 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.

	10.03	 	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:

     (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 any Loan Party 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

95

 

circumstances as provided in Sections 11.01 and 9.02) 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 Company, 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 (v) the
satisfaction of any condition set forth in Article V or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to the Administrative Agent.

10.04 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 Loan Parties), 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.

10.05 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.

10.06 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 Company. Upon receipt of any such notice of resignation, the Required Lenders
shall have the right, subject to the approval of the Company (such consent not to be unreasonably
withheld or delayed) provided that no Event of Default has occurred or is continuing, 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

96

 

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 Company 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 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 Company to a successor Administrative Agent shall be the same as those payable to
its predecessor unless otherwise agreed between the Company and such successor. After 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.

     Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also
constitute its resignation as L/C Issuer, Swing Line Lender, U.K. Swing Line Lender and Canadian
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, Swing Line Lender, U.K. Swing Line Lender and Canadian Lender,
(ii) the retiring L/C Issuer, Swing Line Lender, U.K. Swing Line Lender and Canadian 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.

10.07 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.

10.08 No Other Duties; Etc.

     Anything herein to the contrary notwithstanding, none of the bookrunners, arrangers,
syndication agents, documentation agents or co-agents 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.

97

 

10.09 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 any Borrower) shall be entitled and empowered, by intervention in such proceeding or
otherwise:

     (a) to file and prove a claim for the whole amount of the principal and interest
owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations arising
under the Loan Documents 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), 2.10
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 2.10 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 in any such proceeding.

10.10 Guaranty Matters.

     The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option
and in its discretion, to release any Guarantor from its obligations under the Guaranty if such
Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by
the Administrative Agent at any time, the Required Lenders will confirm in writing the
Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty,
pursuant to this Section 10.10.

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 Company or any other Loan Party therefrom, shall be effective
unless in writing signed by the Required Lenders and the Company or the applicable Loan Party, as
the case may

98

 

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, further, that

     (a) no such amendment, waiver or consent shall:

     (i) extend or increase the Commitment of a Lender (or reinstate any
Commitment terminated pursuant to Section 9.02) without the written consent
of such Lender whose Commitment is being extended or increased (it being understood
and agreed that a waiver of any condition precedent set forth in Section
5.02 or of any Default or a mandatory reduction in Commitments is not considered
an extension or increase in Commitments of any Lender);

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

     (iii) reduce the principal of, or the rate of interest specified herein on,
any Loan or L/C Borrowing, or (subject to clause (i) of the final proviso to this
Section 11.01) any fees or other amounts payable hereunder or under any
other Loan Document without the written consent of each Lender entitled to receive
such amount; provided, however, that only the consent of the
Required Lenders shall be necessary to (A) amend the definition of “Default Rate” or
waive any obligation of any Borrower to pay interest or Letter of Credit Fees at the
Default Rate or (B) to amend any financial covenant hereunder (or any defined term
used therein) even if the effect of such amendment would be to reduce the rate of
interest on any Loan or L/C Borrowing or to reduce any fee payable hereunder;

     (iv) change Section 9.03 in a manner that would alter the pro rata
sharing of payments required thereby without the written consent of each Lender
directly affected thereby;

     (v) change any provision of this Section 11.01(a) or the definition
of “Required Lenders” without the written consent of each Lender directly affected
thereby;

     (vi) amend Section 1.06 or the definition of “Alternative Currency”
without the written consent of each Lender that is obligated to make Credit
Extensions to the Borrowers in Alternative Currencies; or

     (vii) release the Company or, except in connection with a transaction
permitted under Section 8.04 or Section 8.05, all or substantially
all of the value of the Guaranty without the written consent of each Lender whose
Obligations are guarantied thereby, except to the extent such release is permitted
pursuant to Section 10.10 (in which case such release may be made by the
Administrative Agent acting alone); or

     (b) unless also signed by the L/C Issuer, no amendment, waiver or consent shall
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;

99

 

     (c) unless also signed by the Swing Line Lender, no amendment, waiver or consent shall
affect the rights or duties of the Swing Line Lender under this Agreement;

     (d) unless also signed by the Canadian Lender, no amendment, waiver or consent shall
affect the rights or duties of the Canadian Lender under this Agreement;

     (e) unless also signed by the Administrative Agent, no amendment, waiver or consent
shall affect the rights or duties of the Administrative Agent under this Agreement or any
other Loan Document; and

     (f) unless also signed by the U.K. Swing Line Lender, no amendment, waiver or consent
shall affect the rights or duties of the U.K. Swing Line Lender under this Agreement;

provided, however, that notwithstanding anything to the contrary herein, (i) the
Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by
the parties thereto, (ii) each Lender is entitled to vote as such Lender sees fit on any bankruptcy
reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of
Section 1126(c) of the Bankruptcy Code of the United States supersedes the unanimous consent
provisions set forth herein and (iii) the Required Lenders shall determine whether or not to allow
a Loan Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and
such determination shall be binding on all of the Lenders.

Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to
approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or
consent which by its terms requires the consent of all Lenders or each affected Lender may be
effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x)
the Commitment of any Defaulting Lender may not be increased or extended without the consent of
such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or
each affected Lender that by its terms affects any Defaulting Lender more adversely than other
affected Lenders shall require the consent of such Defaulting 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 a Loan Party, the Administrative Agent, the L/C Issuer, the Swing Line
Lender, the U.K. Swing Line Lender or the Canadian 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 (including, as
appropriate, notices delivered solely to the Person designated by a Lender on its
Administrative Questionnaire then in effect for the delivery of notices that may contain
material non-public information relating to the Company).

100

 

     Notices and other communications sent by hand or overnight courier service, or mailed by
certified or registered mail, shall be deemed to have been given when received; notices and other
communications 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 and other communications
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 Company 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 any 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 any 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, however, that in no
event shall any Agent Party have any liability to any 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).

     (d) Change of Address, Etc. Each of the Borrowers, the Administrative Agent, the
L/C Issuer, Swing Line Lender, the Canadian Lender and the U.K. 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

101

 

other communications hereunder by notice to the Company, the Administrative Agent, the L/C
Issuer, the Swing Line Lender, the Canadian Lender and the U.K. 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 Company 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, Swing Line Loan Notices, U.K. Swing Line Loan Notices and
Canadian Loan Notices) purportedly given by or on behalf of any Loan Party 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 Loan Parties 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 a Loan Party. 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; Enforcement.

     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 shall operate as
a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege
hereunder or under any other Loan Document (including the imposition of the Default Rate) 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.

     Notwithstanding anything to the contrary contained herein or in any other Loan Document, the
authority to enforce rights and remedies hereunder and under the other Loan Documents against the
Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law
in connection with such enforcement shall be instituted and maintained exclusively by, the
Administrative Agent in accordance with Section 9.02 for the benefit of all the Lenders and
the L/C Issuer; provided, however, that the foregoing shall not prohibit (a) the
Administrative Agent from exercising on its own behalf the rights and remedies that inure to its
benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan
Documents, (b) the L/C Issuer, the Swing Line Lender, the U.K. Swing Line Lender or the Canadian
Lender from exercising the rights and remedies that inure to its benefit (solely in its capacity as
L/C Issuer, Swing Line Lender, the U.K. Swing Line Lender or Canadian Lender, as the case may be)
hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in
accordance with Section 11.08 (subject to the terms of Section 2.14), or (d) any
Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the
pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and
provided, further, that if at any time there is no Person acting as Administrative
Agent hereunder and under the other Loan Documents, then (i) the

102

 

Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant
to Section 9.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d)
of the preceding proviso and subject to Section 2.14, any Lender may, with the consent of
the Required Lenders, enforce any rights and remedies available to it and as authorized by the
Required Lenders.

11.04 Expenses; Indemnity; and Damage Waiver.

     (a) Costs and Expenses. The Loan Parties shall pay (i) all reasonable
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the
reasonable out-of-pocket 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 reasonable out-of-pocket fees, charges and disbursements of any counsel for
the Administrative Agent, any Lender or the L/C Issuer) in connection with the enforcement of its
rights (A) in connection with this Agreement and the other Loan Documents, including its rights
under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder,
including all such reasonable out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans or Letters of Credit.

     (b) Indemnification by the Loan Parties. The Loan Parties 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), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by
any 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 a Loan
Party or any of its Subsidiaries, or any Environmental Liability related in any way to a Loan Party
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 any Loan Party, 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 Loan Party against an Indemnitee for
breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if
such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as
determined by a court of competent jurisdiction.

103

 

     (c) Reimbursement by Lenders. To the extent that the Loan Parties for any reason
fail to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid
by them 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 2.13(d).

     (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable law, no Loan Party shall assert, and each Loan Party hereby waives, any claim against
any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive
damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result
of, this Agreement, 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 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 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 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, the Swing Line Lender, the U.K. Swing Line Lender and the
Canadian Lender, the replacement of any Lender, the termination of the 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 any Loan Party 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 applicable Overnight Rate from time to time
in effect, in the applicable currency of such recovery or payment. 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.

104

 

11.06 Successors and Assigns.

     (a) Successors and Assigns Generally. The provisions of this Agreement and the
other Loan Documents shall be binding upon and inure to the benefit of the parties hereto and
thereto and their respective successors and assigns permitted hereby, except that the Company may
not assign or otherwise transfer any of its rights or obligations hereunder or thereunder 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 subsection (b) of this Section, (ii) by way of participation in
accordance with the provisions of subsection (d) of this Section or (iii) by way of pledge or
assignment of a security interest subject to the restrictions of subsection (f) of this Section
(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 and the other Loan
Documents (including all or a portion of its Commitment and the Loans (including for purposes of
this subsection (b), participations in L/C Obligations, in Swing Line Loans, in U.K. Swing Line
Loans and in Canadian 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 and the related Loans at the time owing to it 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 unless each of the Administrative Agent
and, so long as no Event of Default has occurred and is continuing, the Company otherwise
consents (each such consent not to be unreasonably withheld or delayed); provided,
however, that concurrent assignments to members of an Assignee Group and concurrent
assignments from members of an Assignee Group to a single assignee (or to an 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.

     (ii) Proportionate Amounts. Each partial assignment shall be made as
an assignment of a proportionate part of all the assigning Lender’s Loans and Commitments,
and rights and obligations with respect thereto, 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, (B) apply to the

105

 

Canadian Lender’s rights and obligations in respect of Canadian Loans or (C) apply to
the U.K. Swing Line Lender’s rights and obligations in respect of U.K. Swing Line Loans;

     (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 Company (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
any Revolving Commitment if such assignment is to a Person that is not a Lender with
a Revolving Commitment, an Affiliate of such Lender or an Approved Fund with respect
to such Lender; and

     (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, the U.K. Swing Line Lender and the
Canadian Lender (such consents not to be unreasonably withheld or delayed) shall be
required for any assignment in respect of Revolving Loans and Revolving Commitments.

     (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 (which shall be payable by the
assignor Lender or the assignee Lender); provided, however, 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 shall not be a Lender,
shall deliver to the Administrative Agent an Administrative Questionnaire.

     (v) No Assignment to Certain Persons. No such assignment shall be made to (A)
the Company or any of the Company’s Affiliates or Subsidiaries, (B) any Defaulting Lender or
any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would
constitute any of the foregoing Persons described in this clause (B), or (C) a natural
person.

     (vi) No Assignment Resulting in Additional Indemnified Taxes. No such
assignment shall be made to any Person that, through its Lending Offices, is not capable of
lending the applicable Alternative Currencies to the relevant Borrowers without the
imposition of any additional Indemnified Taxes.

     (vii) Certain Additional Payments. In connection with any assignment of rights
and obligations of any Defaulting Lender hereunder, no such assignment shall be effective
unless and until, in addition to the other conditions thereto set forth herein, the parties
to the assignment shall make such additional payments to the Administrative Agent in an
aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright
payment, purchases by the assignee of participations or subparticipations, or other
compensating actions, including funding, with the consent of the Company and the
Administrative Agent, the applicable pro rata share of

106

 

Loans previously requested but not funded by the Defaulting Lender, to each of which
the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in
full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent
or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as
appropriate) its full pro rata share of all Loans and participations in Letters of Credit,
Swing Line Loans, U.K. Swing Line Loans and Canadian Loans in accordance with its Applicable
Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and
obligations of any Defaulting Lender hereunder shall become effective under applicable Law
without compliance with the provisions of this paragraph, then the assignee of such interest
shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such
compliance occurs.

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, each 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 subsection (d) of
this Section.

     (c) Register. The Administrative Agent, acting solely for this purpose as an agent of
the Borrowers (and such agency being solely for tax purposes), 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
Borrowers, 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. In addition, the Administrative Agent shall maintain on
the Register information regarding the designation, and revocation of designation, of any Lender as
a Defaulting Lender. The Register shall be available for inspection by the Borrowers 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,
any Borrower or the Administrative Agent, sell participations to any Person (other than a natural
person or the Company or any of the Company’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, Canadian Loans, Swing Line Loans and/or U.K. 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 Borrowers, the Administrative Agent, the other
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

107

 

that such Lender will not, without the consent of the Participant, agree to any amendment, waiver
or other modification described in Section 11.01(a) that affects such Participant. Subject
to subsection (e) of this Section, each 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 subsection (b) of this
Section. 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 2.14 as though it were a Lender.

     (e) Limitation on 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 if such
participation had not been sold to that Participant, unless the sale of the participation to such
Participant is made with the Company’s prior written consent. A Participant that would be a
Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01
unless the Company is notified of the participation sold to such Participant and such Participant
agrees, for the benefit of the Borrowers, 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) Resignation as L/C Issuer, Swing Line Lender, U.K. Swing Line Lender or Canadian
Lender after Assignment. Notwithstanding anything to the contrary contained herein, if at any
time Bank of America assigns all of its Revolving Commitment and Revolving Loans pursuant to
subsection (b) above, Bank of America may, (i) upon thirty days’ notice to the Company and the
Lenders, resign as L/C Issuer, (ii) upon thirty days’ notice to the Company, resign as Swing Line
Lender, (iii) upon thirty days’ notice to the Company, resign as U.K. Swing Line Lender and/or (iv)
upon thirty days’ notice to the Company and the Canadian Borrower, resign as Canadian Lender. In
the event of any such resignation, the Company shall be entitled to appoint from among the Lenders
a successor L/C Issuer, Swing Line Lender, U.K. Swing Line Lender or Canadian Lender hereunder;
provided, however, that no failure by the Company to appoint any such successor
shall affect the resignation of Bank of America as L/C Issuer, Swing Line Lender, U.K. Swing Line
Lender or Canadian 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). If Bank of America resigns as Canadian Lender, it shall retain all the rights of the
Canadian Lender provided for hereunder with respect to Canadian 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 Canadian Loans pursuant to Section
2.05(c). If Bank of America resigns as U.K. Swing Line Lender, it shall retain all the rights
of the U.K. Swing Line Lender provided for hereunder with respect to U.K. 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 U.K. Swing Line Loans
pursuant to Section 2.18(c). Upon the appointment of a successor L/C Issuer, Swing Line
Lender, Canadian Lender and/or U.K. Swing Line Lender, (1) such successor shall succeed to and

108

 

become vested with all of the rights, powers, privileges and duties of the retiring L/C
Issuer, Swing Line Lender, Canadian Lender or U.K. Swing Line Lender, as the case may be, and (2)
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.

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, trustees, 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, (d) to any other party hereto, (e) to
the extent necessary, 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 (ii) any actual or prospective counterparty (or its advisors) to any swap or
derivative transaction relating to a Loan Party and its obligations, (g) with the consent of the
Company or (h) to the extent such Information (x) becomes publicly available other than as a result
of a breach of this Section or (y) 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 Company.

     For purposes of this Section, “Information” means all information received from a Loan
Party or any Subsidiary relating to the Loan Parties or any Subsidiary or any of 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 such Loan Party or any
Subsidiary. 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.

     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 Company 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 Federal and state securities Laws.

11.08 Set-off.

     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, after
obtaining the prior written consent of the Administrative Agent, 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 any Borrower or any other Loan Party against any and all of the
obligations of such 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,

109

 

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 such 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; provided, that in the event that any Defaulting Lender shall exercise any
such right of setoff, (x) all amounts so set off shall be paid over immediately to the
Administrative Agent for further application in accordance with the provisions of Section
2.17 and, pending such payment, shall be segregated by such Defaulting Lender from its other
funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders, and (y)
the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in
reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such
right of setoff. 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 Company 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 Company. 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.

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 5.01, 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

110

 

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 (i) any Lender requests compensation under Section 3.04, (ii) any Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account
of any Lender pursuant to Section 3.01, (iii) a Lender (a “Non-Consenting Lender”)
does not consent to a proposed change, waiver, discharge or termination with respect to any Loan
Document that has been approved by the Required Lenders as provided in Section 11.01 but
requires unanimous consent of all Lenders or all Lenders directly affected thereby (as applicable)
and, or (iv) any Lender is a Defaulting Lender, then the Company may, at its sole expense and
effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and
delegate, without recourse (in accordance with and subject to the restrictions contained in, 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:

     (a) the Company 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 applicable Borrower(s) (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;

     (d) such assignment does not conflict with applicable Laws; and

     (e) in the case of any such assignment resulting from a Non-Consenting Lender’s failure
to consent to a proposed change, waiver, discharge or termination with respect to any Loan
Document, the applicable replacement bank, financial institution or Fund consents to the
proposed change, waiver, discharge or termination;

     provided further that the failure by such Lender to execute and deliver
an Assignment and Assumption shall not impair the validity of the removal of such Lender and
the mandatory assignment of such Lender’s Commitments and outstanding Loans and
participations in L/C Obligations, Canadian Loans, Swing Line Loans and U.K. Swing Line
Loans pursuant to this

111

 

     Section 11.13 shall nevertheless be effective without the execution by such
Lender of an Assignment and Assumption.

     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 Company 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 ILLINOIS.

     (b) SUBMISSION TO JURISDICTION. EACH LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY
SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE
OF ILLINOIS SITTING IN COOK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE NORTHERN DISTRICT
OF ILLINOIS 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 ILLINOIS 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.

     (c) WAIVER OF VENUE. EACH 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 Waiver of Right to Trial by Jury.

     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

112

 

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.

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 Loan Parties 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 each Arranger are arm’s-length commercial transactions between the Loan
Parties and their respective Affiliates, on the one hand, and the Administrative Agent and the
Arrangers, on the other hand, (B) each of the Loan Parties has consulted its own legal, accounting,
regulatory and tax advisors to the extent it has deemed appropriate, and (C) each of the Loan
Parties 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 each 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 Loan Parties or any of their respective Affiliates, or any
other Person and (B) neither the Administrative Agent nor any Arranger has any obligation to the
Loan Parties 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, the Arrangers and their respective Affiliates may be engaged in a
broad range of transactions that involve interests that differ from those of the Loan Parties and
their respective Affiliates, and neither the Administrative Agent nor any Arranger has any
obligation to disclose any of such interests to the Loan Parties and their respective Affiliates.
To the fullest extent permitted by law, each of the Loan Parties hereby waives and releases any
claims that it may have against the Administrative Agent or any 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 Borrowers
that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into
law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information
that identifies the Borrowers, which information includes the name and address of each Borrower and
other information that will allow such Lender or the Administrative Agent, as applicable, to
identify such Borrower in accordance with the Act. The Borrowers shall, promptly following a
request by the Administrative Agent or any Lender, provide all documentation and other information
that the Administrative Agent or such Lender requests in order to comply with its ongoing
obligations under applicable “know your customer” and anti-money laundering rules and regulations,
including the Act.

113

 

11.18 Judgment Currency.

     If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due
hereunder or any other Loan Document in one currency into another currency, the rate of exchange
used shall be that at which in accordance with normal banking procedures the Administrative Agent
could purchase the first currency with such other currency on the Business Day preceding that on
which final judgment is given. The obligation of each Borrower in respect of any such sum due from
it to the Administrative Agent or the Lenders hereunder or under the other Loan Documents shall,
notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in
which such sum is denominated in accordance with the applicable provisions of this Agreement (the
“Agreement Currency”), be discharged only to the extent that on the Business Day following
receipt by the Administrative Agent of any sum adjudged to be so due in the Judgment Currency, the
Administrative Agent may in accordance with normal banking procedures purchase the Agreement
Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less
than the sum originally due to the Administrative Agent from any Borrower in the Agreement
Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to
indemnify the Administrative Agent or the Person to whom such obligation was owing against such
loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due
to the Administrative Agent in such currency, the Administrative Agent agrees to return the amount
of any excess to such Borrower (or to any other Person who may be entitled thereto under applicable
law).

11.19 Electronic Execution of Assignments and Certain Other Documents.

     The words “execution,” “signed,” “signature,” and words of like import in any Assignment and
Assumption or in any amendment or other modification hereof (including waivers and consents) 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.

11.20 Waiver of Notice under Existing Credit Agreement.

     Those Lenders party hereto which are also party to the Existing Credit Agreement hereby waive
any prior notice requirement under the Existing Credit Agreement with respect to the termination of
commitments thereunder and the making of any prepayments thereunder.

[SIGNATURE PAGES FOLLOW]

114

 

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

	 	 	 	 	 
	COMPANY: 	NAVIGANT CONSULTING, INC.,

a Delaware corporation

 	 
	 	By:  	/s/ Thomas A. Nardi
 	 
	 	 	Name:  	Thomas A. Nardi 	 
	 	 	Title:  	Executive Vice President 	 
	 
	U.K. BORROWER: 	NAVIGANT CONSULTING (EUROPE) LIMITED,

a corporation organized and existing under the laws

of England and Wales

 	 
	 	By:  	/s/ Monica M. Weed
 	 
	 	 	Name:  	Monica M. Weed 	 
	 	 	Title:  	Director 	 
	 
	CANADIAN BORROWER: 	NAVIGANT CONSULTING LTD.,

a corporation organized and existing under the laws

of the Province of Ontario

 	 
	 	By:  	/s/ Thomas A. Nardi
 	 
	 	 	Name:  	Thomas A. Nardi 	 
	 	 	Title:  	Vice President 	 
	 
	GUARANTORS: 	NCI HEALTHCARE, LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Thomas A. Nardi
 	 
	 	 	Name:  	Thomas A. Nardi 	 
	 	 	Title:  	Executive Vice President 	 
	 
	 	NAVIGANT ECONOMICS, LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Thomas A. Nardi
 	 
	 	 	Name:  	Thomas A. Nardi 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	ADMINISTRATIVE AGENT: 	BANK OF AMERICA, N.A.,

as Administrative Agent

 	 
	 	By:  	/s/ Dora A. Brown
 	 
	 	 	Name:  	Dora A. Brown 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	LENDERS: 	BANK OF AMERICA, N.A.,

as a Lender, L/C Issuer, Swing Line Lender and U.K. Swing Line Lender

 	 
	 	By:  	/s/ Megan Collins
 	 
	 	 	Name:  	Megan Collins 	 
	 	 	Title:  	Vice President 	 
	 
	 	BANK OF AMERICA, N.A. (CANADA BRANCH),

as Canadian Lender

 	 
	 	By:  	/s/ Medina Sales de Andrade
 	 
	 	 	Name:  	Medina Sales de Andrade 	 
	 	 	Title:  	Vice President 	 
	 
	 	RBS CITIZENS, N.A., as Lender

 	 
	 	By:  	/s/ M. James Barry, III
 	 
	 	 	Name:  	M. James Barry, III 	 
	 	 	Title:  	Vice President 	 
	 
	 	U.S. BANK, NATIONAL ASSOCIATION, as Lender

 	 
	 	By:  	/s/ James N. DeVries
 	 
	 	 	Name:  	James N. DeVries 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	TD BANK, N.A., as Lender

 	 
	 	By:  	/s/ Todd Antico
 	 
	 	 	Name:  	Todd Antico 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	PNC BANK, NATIONAL ASSOCIATION, as Lender

 	 
	 	By:  	/s/ Jon Hinard
 	 
	 	 	Name:  	Jon Hinard 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	

FIFTH THIRD BANK, as Lender

 	 
	 	By:  	/s/ S. Bradley McDougall
 	 
	 	 	Name:  	S. Bradley McDougall 	 
	 	 	Title:  	Vice President 	 
	 
	 	ASSOCIATED BANK, NATIONAL ASSOCIATION, as Lender

 	 
	 	By:  	/s/ Jake Goldstein
 	 
	 	 	Name:  	Jake Goldstein 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	UNION BANK, N.A., as Lender

 	 
	 	By:  	/s/ Thomas Lass
 	 
	 	 	Name:  	Thomas Lass 	 
	 	 	Title:  	Vice President 	 
	 
	 	

UNION BANK, CANADA BRANCH, as Lender

 	 
	 	By:  	/s/ Anne Collins
 	 
	 	 	Name:  	Anne Collins 	 
	 	 	Title:  	Vice President 	 
	 
	 	THE NORTHERN TRUST COMPANY, as Lender

 	 
	 	By:  	/s/ Patrick Cowan
 	 
	 	 	Name:  	Patrick Cowan 	 
	 	 	Title:  	Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}]]