Document:

Exhibit 10.1

 

SEPARATION AGREEMENT

 

This Separation Agreement (the “Agreement”) is made and entered into between DOBI Medical International, Inc., a Delaware corporation, (“Company”), and Phillip C. Thomas (“Executive’) on April 18, 2006. 

 

Whereas, the Company and Executive have entered into an employment agreement dated December 9, 2003, as amended on March 10, 2005 (the “Employment Agreement”); and

Whereas, Executive is the President and Chief Executive Officer of the Company and is also a Director of the Company; and 

 

Whereas, the parties have agreed that it is in the best interests of the Company and Executive for Executive to resign his positions with the Company and to terminate the Employment Agreement upon the terms contained herein;   

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties agree as follows:

1.             Voluntary Resignation. The Employment Agreement is terminated in its entirety, effective as of the date the Company closes the first tranche of approximately $2,000,000 of a private financing of approximately $4,000,000 (the “Effective Date”).  Thereupon, Executive will in writing voluntarily resign for personal reasons as President, Chief Executive Officer and Director of the Company, and the Company will accept such resignation.  The parties shall prepare a press release to be mutually agreed upon before issuance and a Current Report on Form 8-K shall be timely filed by the Company with the SEC. 

 

2.             Compensation. Executive will receive separation pay in the total gross amount of $260,000, payable at a rate of $13,333.33 per month, less applicable payroll taxes, in accordance with the Company’s standard payroll schedule until such amount is fully paid.   The Company shall also continue to pay 100% of the monthly premium cost for health, dental and life insurance coverage for Executive and his spouse for the duration of the Agreement.  In the event the Company’s health or dental insurance carrier does not provide coverage in a geographical area where Executive may relocate, the Company will pay Executive a monthly cash amount equal to the amount it would have paid for such Executive coverage had Executive not relocated.  Any and
all accrued vacation time as of the Effective Date shall be paid to Executive, at the salary rate in effect at time such vacation time was accrued, in the next regular payroll following the Effective Date.

 

a.             After the closing of the financing referred to herein, if there occurs of a “Change of Control Event” as defined in the Company’s 2000 Stock Incentive Plan as amended through December 10, 2003, any monthly payments remaining due and unpaid shall be accelerated and paid in full in a lump sum by the Company on or before the closing of such Change of Control Event.

 

b.             Except as set forth in this Agreement, any and all other benefits other than as specifically set out in this Agreement to which Executive may have been entitled to during his employment shall cease as of the Effective Date. 

 

c.             Any unreimbursed expenses will be reimbursed by the Company, upon submission of expense reports and supporting documentation.

 

 

 

3.      Equity.  Nothing in this Agreement shall alter Executive’s rights and obligations with respect to any equity or options Executive owns or to which Executive is otherwise entitled.  Section 4.4 of the Employment Agreement shall survive in all respects.  

 

4.            Cooperation.  Executive agrees to assist and cooperate fully and to the best of his ability in the defense of any actions pending against the Company, and shall likewise provide any assistance as reasonably required with respect to any transition matters.  Executive shall be entitled to reimbursement from the Company in connection with such cooperation for all actual, reasonable and necessary "out-of-pocket" expenses in accordance with the normal policy in place for the Company’s employees.

 

5.            Return of Company Property.  Any Company personal computers, cell phones, keys, equipment, credit cards, security cards, supplies and any other Company property, including any computer files and disks, manuals and other documentation and materials in your possession or control must be returned to the Company immediately.

 

	
             
 	
            6.
 	
            Proprietary Information.
 

 

a.             Executive agrees that all information and know-how, whether or not in writing, of a private, secret or confidential nature concerning the Company’s business or financial affairs (collectively, “Proprietary Information”) is and shall be the exclusive property of the Company.  By way of illustration, but not limitation, Proprietary Information may include inventions, products, processes, methods, techniques, formulas, compositions, compounds, projects, developments, plans, research data, clinical data, financial data, personnel data, computer programs, and customer and supplier lists.  Executive will not disclose any Proprietary Information to others outside the Company or use the same for any unauthorized purposes without written approval by an officer of the
Company, either during or after his employment, unless and until such Proprietary Information has become public knowledge without fault by Executive.

 

b.            Executive agrees that all files, letters, memoranda, reports, records, data, sketches, drawings, laboratory notebooks, program listings, or other written, photographic, or other tangible material containing Proprietary Information, whether created by Executive or others, which shall come into his custody or possession, shall be and are the exclusive property of the Company to be used by Executive only in the performance of his duties for the Company.

 

c.             Executive agrees that his obligation not to disclose or use information, know-how and records of the types set forth in paragraphs (a) and (b) above, also extends to such types of information, know-how, records and tangible property of subsidiaries and joint ventures of the Company, customers of the Company or suppliers to the Company or other third parties who may have disclosed or entrusted the same to the Company or to Executive in the course of the Company’s business.

 

	
             
 	
            7.
 	
            Noncompetition and Nonsolicitation.
 

 

a.             For a period of two (2) years after the termination of Executive’s employment with the Company for any reason, Executive will not directly or indirectly, absent the Company’s prior written approval, render services of a business, professional or commercial nature to any other person or entity relating to dynamic functional imaging (the “Business”) in the geographical area in which the Company does business, whether for compensation or otherwise.

 

b.            For a period of one (1) year after termination of Executive’s employment for any reason, Executive will not recruit solicit or induce, or attempt to induce, any employee or employees of the Company to terminate their employment with, or otherwise cease their relationship with, the Company; and

 

 

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c.      For a period of two (2) years after termination of Executive’s employment for any reason, Executive will not solicit, divert or take away, or attempt to divert or to take away, the business or patronage of any of the clients, customers or accounts, or prospective clients, customers or accounts of the Company which were contacted, solicited or served by Executive while employed by the Company.

 

If any restriction set forth in this Section 7 is found by any court of competent jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, range of activities or geographic area as to which it may be enforceable.

 

The restrictions contained in this Section 7 are necessary for the protection of the business and goodwill of the Company and are considered by Executive to be reasonable for such purpose.  Executive agrees that any breach of this Section 7 will cause the Company substantial and irrevocable damage and therefore, in the event of any such breach, in addition to such other remedies which may be available, the Company shall have the right to seek specific performance and injunctive relief.

 

8.            Non-Disparagement.  Executive and Company (as to the Company, its officers, directors and employees) agree that neither party will disparage, defame, slander, libel or otherwise speak negatively of the other or of any affiliate or any officer, director or employee of the Company.

 

9.            Director & Officer Indemnification.  After the Effective Date of this Agreement, the Company shall continue to indemnify Executive and hold Executive harmless from and against any claim, loss or cause of action arising from or out of Executive's performance as an officer, director or employee of the Company or any of its Affiliates or in any other capacity, including any fiduciary capacity, in which Executive serves at the request of the Company, to the maximum extent permitted by applicable law and the Certificate of Incorporation and By-Laws of the Company (as such may be amended), as the case may be.  In addition to the foregoing indemnification obligation, the Company shall maintain a directors and officers liability insurance policy in which
adequate liability coverage is provided to Executive in respect of any claim, loss or cause of action arising from or out of Executive's performance as an officer, director or employee of the Company.

 

	
             
 	
            10.
 	
            Mutual General Release.  
 

 

a.             Executive.  In return for the benefits and considerations extended to Executive as set out in this Agreement, Executive hereby, knowingly and voluntarily, and with the advice of legal counsel, on behalf of himself, his heirs, executors, administrators, successors and assigns, by countersigning a copy of this Agreement, release and forever discharge the Company, its parent and affiliates, subsidiaries, directors, officers, employees and agents from any and all manner of action or actions, suits, claims, damages, judgments, levies, executions or other liabilities whatsoever, of every kind and nature whatsoever, foreseen or unforeseen, now known or which may hereafter be discovered, which he and/or his heirs and assigns may have or claim to have as
of the Effective Date of this Agreement against the Company and/or its successors, predecessors, its affiliates, employees, officers, directors, or agents, by reason of any cause, manner or things relating to or arising out of or in connection with his employment with the Company, including his termination of employment, and otherwise.  Said charges, claims or causes of action include, but are not limited to, claims under the Americans With Disabilities Act under 42 U.S.C. Section 12112, et seq.; claims of discrimination under 42 U.S.C. Section 2000(e), et seq. (Title VII) and 42 U.S.C. Section 1981 (Civil Rights) and the New Jersey Civil Rights (Title 10: 1-10), and any other New Jersey laws against discrimination and/or any other relevant state or municipal statute, regulations or ordinances; claims of age discrimination under 29 U.S.C. Section 621, et
seq. (the Age Discrimination In Employment Act) and the New Jersey Law on Age Discrimination, (Title 10:3-1), and/or relevant state or municipal statutes, regulations or ordinances; claims for wrongful discharge, defamation, personal injury, emotional distress, invasion of privacy, other tort claims, and claims of 

 

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breach of contract arising from his employment with the Company, including his termination of  employment.

 

b.      Company.  In return for the benefits and considerations extended to Company as set out in this Agreement, Company hereby, knowingly and voluntarily, and with the advice of legal counsel, on behalf of itself, administrators, successors and assigns, by countersigning a copy of this Agreement, release and forever discharge Executive from any and all manner of action or actions, suits, claims, damages, judgments, levies, executions or other liabilities whatsoever, of every kind and nature whatsoever, foreseen or unforeseen, now known or which may hereafter be discovered, which it and its assigns may have or claim to have as of the Effective Date of this Agreement against Executive by reason of any cause, manner or things relating to or arising out of or in connection with Executive’s
employment with the Company, including his termination of employment.

 

11.          Notices.  All notices required or permitted under this Agreement shall be in writing and shall be deemed effective upon (a) a personal delivery, or (b) deposit in the United States Post Office, by registered or certified mail, postage prepaid, or (c) by facsimile transmission addressed to Executive at his address of record or the Company, or at such other place as may from time to time be designated by either party in writing.

 

12.          Pronouns.  Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular forms of nouns and pronouns shall include the plural, and vice versa.

 

13.          Entire Agreement.  This Agreement constitutes the entire agreement between the parties and, except as expressly provided herein, supersedes all prior agreements and understandings, whether written or oral relating to the subject matter of this Agreement with the exception of current agreements with respect to Executive’s ownership of stock options, warrants, and common stock of the Company.

 

14.          Amendment.  This Agreement may be amended or modified only by a written instrument executed by both the Company and Executive.

 

15.          Governing Law.  This Agreement shall be construed, interpreted and enforced in accordance with the laws of the State of New York.

 

16.          Successors and Assigns.  This Agreement shall be binding upon and inure to the benefit of both parties and their respective successors and assigns, including any corporation into which the Company may be merged or which may succeed to its assets or business. 

 

	
             
 	
            17.
 	
            Miscellaneous.
 

 

a.           No Waiver.  No delay or omission by the Company or Executive in exercising any right under this Agreement shall operate as a waiver of that or any other right.  A waiver or consent given by the Company or Executive on any one occasion shall be effective only in that instance and shall not be construed as a bar or waiver of any right on any other occasion.

 

b.           Captions.  The captions of the sections of this Agreement are for convenience of reference only and in no way define, limit or affect the scope or substance of any section of this Agreement.

 

c.           Severability.  In case any provision of this Agreement shall be invalid, illegal or otherwise unenforceable, the validity, legality and enforceability of the remaining provisions shall in no way be affected or impaired thereby.

 

 

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d.      Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

 

Notwithstanding anything to the contrary, in the event this Agreement is not executed by Executive and received by the Company on or before April 18, 2006, this offer shall be deemed automatically and without further notice revoked and of no force and effect.  

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year set forth above.

 

	
             
 	
            DOBI MEDICAL INTERNATIONAL, INC.
 

 

 

	
             
 	
            /s/Robert B. Machinist                                          
  
 
	
             
 	
            Robert B. Machinist
 	
             

	
             
 	
            Chairman of the Board of Directors
 	
             

				

 

 

	
             
 	
            Executive
 

 

 

	
             
 	
            /s/Phillip C. Thomas                                          
    
 
	
             
 	
            Phillip C. Thomas
 	
             

 

 

 

5Amended and Restated Credit Agreement

    Exhibit
      4.11

     

    AMENDED
      AND RESTATED FIVE-YEAR CREDIT AGREEMENT

     

    Dated
      as
      of April 3, 2006

     

    EASTMAN
      CHEMICAL COMPANY, a Delaware corporation (the "Company"),
      the
      banks, financial institutions and other institutional lenders (the "Initial
      Lenders")
      and
      initial issuing banks (the "Initial
      Issuing Banks")
      listed
      on the signature pages hereof, CITIGROUP GLOBAL MARKETS INC. and J.P. MORGAN
      SECURITIES INC., as joint lead arrangers, JPMORGAN CHASE BANK, N.A., as
      syndication agent, DEUTSCHE BANK AG NEW YORK BRANCH and WACHOVIA BANK, NATIONAL
      ASSOCIATION, as documentation agents, and CITICORP USA, INC. ("CUSA"),
      as
      administrative agent (the "Agent")
      for
      the Lenders (as hereinafter defined), agree as follows:

     

    PRELIMINARY
      STATEMENTS

     

    (1) The
      Company is party to an Amended and Restated Five-Year Credit Agreement dated
      as
      of April 7, 2004 (as amended, supplemented or otherwise modified from time
      to
      time to (but not including) the date of this Amended and Restated Five-Year
      Credit Agreement (this "Agreement"),
      the
      "Existing
      Credit Agreement")
      with
      the banks, financial institutions and other institutional lenders party thereto
      and Citibank, N.A., as Agent for the Lenders.

     

    (2) The
      parties to this Agreement desire to amend the Existing Credit Agreement as
      set
      forth herein.

     

    ARTICLE
      I

     

    DEFINITIONS
      AND ACCOUNTING TERMS

     

    SECTION
      1.01. Certain
      Defined Terms.
      As used
      in this Agreement, the following terms shall have the following meanings (such
      meanings to be equally applicable to both the singular and plural forms of
      the
      terms defined):

     

    "Advance"
      means a
      Revolving Credit Advance or a Competitive Bid Advance.

     

    "Affiliate"
      means,
      as to any Person, any other Person that, directly or indirectly, controls,
      is
      controlled by or is under common control with such Person or is a director
      or
      officer of such Person. For purposes of this definition, the term "control"
      (including the terms "controlling", "controlled by" and "under common control
      with") of a Person means the possession, direct or indirect, of the power to
      vote 5% or more of the Voting Stock of such Person or to direct or cause the
      direction of the management and policies of such Person, whether through the
      ownership of Voting Stock, by contract or otherwise.

     

    "Agent's
      Account"
      means
      the account of the Agent maintained by the Agent at Citibank at its office
      at
      399 Park Avenue, New York, New York 10043, Account No. 36852248, Attention:
      Bank Loan Syndications Department.

     

    "Applicable
      Lending Office"
      means,
      with respect to each Lender, such Lender's Domestic Lending Office in the case
      of a Base Rate Advance and such Lender's Eurodollar Lending Office in the case
      of a Eurodollar Rate Advance and, in the case of a Competitive Bid Advance,
      the
      office of such Lender notified by such Lender to the Agent as its Applicable
      Lending Office with respect to such Competitive Bid Advance.

     

    "Applicable
      Margin"
      means
      as of any date, a percentage per annum determined by reference to the Public
      Debt Rating in effect on such date as set forth below:

     

    
      	
              Public
                Debt Rating

              S&P/Moody's

            	
              Applicable
                Margin for

              Base
                Rate Advances

            	
              Applicable
                Margin for

              Eurodollar
                Rate Advances

            
	
              Level
                1

              A-
                or A3 or above

            	
               

              0.000%

            	
               

              0.175%

            
	
              Level
                2

              BBB+
                or Baa1

            	
               

              0.000%

            	
               

              0.260%

            
	
              Level
                3

              BBB
                or Baa2

            	
               

              0.000%

            	
               

              0.330%

            
	
              Level
                4

              BBB-
                or Baa3

            	
               

              0.000%

            	
               

              0.475%

            
	
              Level
                5

              Lower
                than Level 4

            	
               

              0.000%

            	
               

              0.550%

            

    

    

    "Applicable
      Percentage"
      means,
      as of any date, a percentage per annum determined by reference to the Public
      Debt Rating in effect on such date as set forth below:

     

    

    
      	
              Public
                Debt Rating

              S&P/Moody's

            	
              Applicable

              Percentage

            
	
              Level
                1

              A-
                or A3 or above

            	
               

              0.075%

            
	
              Level
                2

              BBB+
                or Baa1

            	
               

              0.090%

            
	
              Level
                3

              BBB
                or Baa2

            	
               

              0.120%

            
	
              Level
                4

              BBB-
                or Baa3

            	
               

              0.150%

            
	
              Level
                5

              Lower
                than Level 4

            	
               

              0.200%

            

    

    

    "Applicable
      Utilization Fee"
      means,
      as of any date that the sum of the aggregate principal amount of the Advances
      plus the Available Amount of all Letters of Credit exceeds 50% of the aggregate
      Commitments, a percentage per annum determined by reference to the Public Debt
      Rating in effect on such date as set forth below:

     

    
      	
              Public
                Debt Rating

              S&P/Moody's

            	
              Applicable

              Utilization
                Fee

            
	
              Level
                1

              A-
                or A3 or above

            	
               

              0.100%

            
	
              Level
                2

              BBB+
                or Baa1

            	
               

              0.100%

            
	
              Level
                3

              BBB
                or Baa2

            	
               

              0.100%

            
	
              Level
                4

              BBB-
                or Baa3

            	
               

              0.125%

            
	
              Level
                5

              Lower
                than Level 4

            	
               

              0.250%

            

    

    

    "Assignment
      and Acceptance"
      means
      an assignment and acceptance entered into by a Lender and an Eligible Assignee,
      and accepted by the Agent, in substantially the form of Exhibit C
      hereto.

     

    "Assuming
      Lender"
      has the
      meaning specified in Section 2.19(d).

     

    "Assumption
      Agreement"
      has the
      meaning specified in Section 2.19(d)(ii).

     

    "Authorized
      Officer"
      means
      the Chairman, Chief Financial Officer, the General Counsel, the Secretary,
      the
      Controller, the Treasurer and such other persons designated by the Company
      in
      writing to the Agent by the Treasurer of the Company and acceptable to the
      Agent.

     

    "Available
      Amount"
      of any
      Letter of Credit means, at any time, the maximum amount available to be drawn
      under such Letter of Credit at such time (assuming compliance at such time
      with
      all conditions to drawing).

     

    "Bankruptcy
      Code"
      means
      Title 11 of the United States Code entitled "Bankruptcy," as amended from time
      to time, and any successor statute or statutes.

     

    "Base
      Rate"
      means a
      fluctuating interest rate per annum in effect from time to time, which rate
      per
      annum shall at all times be equal to the highest of:

     

    (a) the
      rate
      of interest announced publicly by Citibank in New York, New York, from
      time to time, as Citibank's base rate;

     

    (b) the
      sum
      (adjusted to the nearest 1/4 of 1% or, if there is no nearest 1/4 of 1%, to
      the
      next higher 1/4 of 1%) of (i) 1⁄2 of 1% per annum, plus (ii) the rate
      obtained by dividing (A) the latest three-week moving average of secondary
      market morning offering rates in the United States for three-month certificates
      of deposit of major United States money market banks, such three-week moving
      average (adjusted to the basis of a year of 360 days) being determined weekly
      on
      each Monday (or, if such day is not a Business Day, on the next succeeding
      Business Day) for the three-week period ending on the previous Friday by
      Citibank on the basis of such rates reported by certificate of deposit dealers
      to and published by the Federal Reserve Bank of New York or, if such
      publication shall be suspended or terminated, on the basis of quotations for
      such rates received by Citibank from three New York certificate of deposit
      dealers of recognized standing selected by Citibank, by (B) a percentage
      equal to 100% minus the average of the daily percentages specified during such
      three-week period by the Board of Governors of the Federal Reserve System (or
      any successor) for determining the maximum reserve requirement (including,
      but
      not limited to, any emergency, supplemental or other marginal reserve
      requirement) for Citibank with respect to liabilities consisting of or including
      (among other liabilities) three-month U.S. dollar non-personal time deposits
      in
      the United States, plus (iii) the average during such three-week period of
      the annual assessment rates estimated by Citibank for determining the then
      current annual assessment payable by Citibank to the Federal Deposit Insurance
      Corporation (or any successor) for insuring U.S. dollar deposits of Citibank
      in
      the United States; and

     

    (c) 1⁄2
of
      one
      percent per annum above the Federal Funds Rate.

     

    "Base
      Rate Advance"
      means a
      Revolving Credit Advance that bears interest as provided in
      Section 2.08(a)(i).

     

    "Borrowers"
      means,
      collectively, the Company and the Subsidiaries of the Company designated as
      the
      Designated Subsidiaries from time to time.

     

    "Borrowing"
      means a
      Revolving Credit Borrowing or a Competitive Bid Borrowing.

     

    "Business
      Day"
      means a
      day of the year on which banks are not required or authorized by law to close
      in
      New York City and, if the applicable Business Day relates to any Eurodollar
      Rate Advances or LIBO Rate Advances, on which dealings are carried on in the
      London interbank market.

     

    "Capitalized
      Lease"
      means
      any lease of property, real, personal or mixed, the obligations under which
      are
      capitalized on the consolidated balance sheet of the Company and its
      Subsidiaries in accordance with GAAP.

     

    "Capitalized
      Lease Obligations"
      means
      all obligations of the Company and its Subsidiaries under or in respect of
      Capitalized Leases.

     

    "Change
      in Control"
      means a
      change in control of the Company of a nature that would be required to be
      reported (assuming such event has not been previously reported) in response
      to
      Item 1(a) of the Current Report on Form 8-K, pursuant to Section 13 or 15(d)
      of
      the Exchange Act; provided
      that,
      without limitation, a Change in Control shall be deemed to have occurred at
      such
      time as (i) any "person" within the meaning of Section 14(d) of the Exchange
      Act, other than the Company, a Subsidiary of the Company, or any employee
      benefit plan(s) sponsored by the Company or any Subsidiary of the Company,
      is or
      has become the "beneficial owner," as defined in Rule 13d-3 under the Exchange
      Act, directly or indirectly, of 30% or more of the combined voting power of
      the
      outstanding securities of the Company ordinarily having the right to vote at
      the
      election of directors, or (ii) individuals who constituted the Board of
      Directors of the Company on the Restatement Date (the "Incumbent Board") have
      ceased for any reason to constitute at least a majority thereof; provided further
      that any
      person becoming a director subsequent to the Restatement Date whose election,
      or
      nomination for election by the Company's shareholders, was approved by a vote
      of
      at least a majority of the directors comprising the Incumbent Board (either
      by a
      specific vote or by approval of the proxy statement of the Company in which
      such
      person is named as a nominee for director without objection to such nomination)
      shall be, for purposes of this definition, considered as though such person
      were
      a member of the Incumbent Board. 

     

    "Citibank"
      means
      Citibank, N.A.

     

    "Commitment"
      means a
      Revolving Credit Commitment or a Letter of Credit Commitment.

     

    "Commitment
      Date"
      has the
      meaning specified in Section 2.19(b).

     

    "Commitment
      Increase"
      has the
      meaning specified in Section 2.19(a).

     

    "Competitive
      Bid Advance"
      means
      an advance by a Lender to any Borrower as part of a Competitive Bid Borrowing
      resulting from the competitive bidding procedure described in Section 2.03
      and refers to a Fixed Rate Advance or a LIBO Rate Advance.

     

    "Competitive
      Bid Borrowing"
      means a
      borrowing consisting of simultaneous Competitive Bid Advances from each of
      the
      Lenders whose offer to make one or more Competitive Bid Advances as part of
      such
      borrowing has been accepted under the competitive bidding procedure described
      in
      Section 2.03.

     

    "Competitive
      Bid Note"
      means a
      promissory note of any Borrower payable to the order of any Lender, in
      substantially the form of Exhibit A-2 hereto, evidencing the indebtedness
      of such Borrower to such Lender resulting from a Competitive Bid Advance made
      by
      such Lender to such Borrower.

     

    "Confidential
      Information"
      means
      information that any Borrower furnishes to the Agent or any Lender in a writing
      designated as confidential, but does not include any such information that
      is or
      becomes generally available to the public other than as a result of a breach
      by
      the Agent or any Lender of its obligations hereunder or that is or becomes
      available to the Agent or such Lender from a source other than a Borrower that
      is not, to the best of the Agent's or such Lender's knowledge, acting in
      violation of a confidentiality agreement with a Borrower.

     

    "Consenting
      Lender"
      has the
      meaning specified in Section 2.20(b).

     

    "Consolidated"
      refers
      to the consolidation of accounts in accordance with GAAP.

     

    "Consolidated
      EBT"
      means,
      for any period, the total revenues of the Company and its Subsidiaries for
      such
      period, after deducting therefrom the cost of goods sold and all operating
      expenses for such period, including research and development and sales, general
      and administrative costs and interest expense for such period, all determined
      in
      accordance with GAAP on a consolidated basis.

     

    "Consolidated
      EBITDA"
      means,
      for any period, the Consolidated EBT of the Company and its Subsidiaries for
      such period, plus
      amounts
      deducted in arriving at such Consolidated EBT in respect of non-cash
      nonrecurring charges, depreciation and amortization allowances and Consolidated
      Interest Expense for such period and minus
      amounts
      added in arriving at such Consolidated EBT in respect of cash nonrecurring
      charges paid during such period.

     

    "Consolidated
      Interest Expense"
      means,
      for any period, all interest charges (including amortization of debt discount
      and expense and the imputed interest component of Capitalized Lease Obligations
      properly chargeable to income during such period) for the Company and its
      Subsidiaries, on a consolidated basis, all determined in accordance with
      GAAP.

     

    "Consolidated
      Net Tangible Assets"
      means,
      at any particular time, Consolidated Tangible Assets at such time after
      deducting therefrom all current liabilities, except for (i) notes and loans
      payable, (ii) current maturities of the principal component of Capitalized
      Lease
      Obligations, all as set forth on the most recent consolidated balance sheet
      of
      the Company and its Consolidated Subsidiaries and computed in accordance with
      GAAP.

     

    "Consolidated
      Tangible Assets"
      means,
      at any particular time, the aggregate amount of all assets (less applicable
      reserves and other properly deductible items) after deducting therefrom all
      goodwill, trade names, trademarks, patents, unamortized debt discount and
      expenses (to the extent included in said aggregate amount of assets) and other
      like intangibles, as set forth on the most recent consolidated balance sheet
      of
      the Company and its Consolidated Subsidiaries and computed in accordance with
      GAAP.

     

    "Convert",
      "Conversion"
      and
      "Converted"
      each
      refers to a conversion of Revolving Credit Advances of one Type into Revolving
      Credit Advances of the other Type pursuant to Section 2.09 or
      2.10.

     

    "Debt"
      of any
      Person means (a) the sum of, without duplication, (i) all indebtedness of
      such Person for borrowed money, (ii) all obligations of such Person for the
      deferred purchase price of property or services (other than trade payables
      incurred in the ordinary course of business of such Person), (iii) all
      obligations of such Person evidenced by notes, bonds, debentures or other
      similar instruments, (iv) all obligations of such Person created or arising
      under any conditional sale or other title retention agreement with respect
      to
      property acquired by such Person (even though the rights and remedies of the
      seller or lender under such agreement in the event of default are limited to
      repossession or sale of such property), (v) all Debt of others referred to
      in clauses (i) through (iv) above secured by (or for which the holder of
      such Debt has an existing right, contingent or otherwise, to be secured by)
      any
      Lien on property (including, without limitation, accounts and contract rights)
      owned by such Person, even though such Person has not assumed or become liable
      for the payment of such Debt minus (b) cash and cash equivalents that are
      escrowed for the purpose of repayment of Debt, all of the foregoing determined
      in accordance with GAAP.

     

    "Default"
      means
      any Event of Default or any event that would constitute an Event of Default
      but
      for the requirement that notice be given or time elapse or both.

     

    "Designated
      Subsidiary"
      means
      any direct or indirect Subsidiary of the Company designated for borrowing
      privileges under this Agreement pursuant to Section 9.09.

     

    "Designation
      Agreement"
      means,
      with respect to any Designated Subsidiary, an agreement in the form of Exhibit
      F
      hereto signed by such Designated Subsidiary and the Company.

     

    "Disclosed
      Litigation"
      has the
      meaning specified in Section 3.01(b).

     

    "Domestic
      Lending Office"
      means,
      with respect to any Lender, the office of such Lender specified as its "Domestic
      Lending Office" opposite its name on Schedule I hereto or in the Assumption
      Agreement or the Assignment and Acceptance pursuant to which it became a Lender,
      or such other office of such Lender as such Lender may from time to time specify
      to the Company and the Agent.

     

    "Domestic
      Subsidiary"
      means
      any Subsidiary of the Company incorporated under the laws of the United States
      of America or any state thereof.

     

    "Eligible
      Assignee"
      means
      (i) a Lender; (ii) an Affiliate of a Lender and (iii) any other
      Person approved by the Agent, each Issuing Bank and, unless an Event of Default
      has occurred and is continuing at the time any assignment is effected in
      accordance with Section 9.07, the Company, such approval in each case not to
      be
      unreasonably withheld or delayed; provided,
      however,
      that
      neither the Company nor an Affiliate of the Company shall qualify as an Eligible
      Assignee.

     

    "Environmental
      Affiliate"
      means,
      with respect to any Person, any other Person whose liability for any
      Environmental Claim such Person has retained, assumed or otherwise become liable
      for (contingently or otherwise), either contractually or by operation of
      law.

     

    "Environmental
      Approvals"
      means
      any permit, license, approval, ruling, variance, exemption or other
      authorization required under applicable Environmental Laws.

     

    "Environmental
      Claim"
      means,
      with respect to any Person, any notice, claim, demand or similar written
      communication by any other Person alleging potential liability for investigatory
      costs, cleanup costs, governmental response costs, natural resources damages,
      property damages, personal injuries, fines or penalties arising out of, based
      on
      or resulting from (a) the presence, or release into the environment, of any
      Material of Environmental Concern at any location, whether or not owned by
      such
      Person or (b) circumstances forming the basis of any violation, or alleged
      violation of any Environmental Law.

     

    "Environmental
      Laws"
      means
      all federal, state and foreign laws and regulations relating to pollution or
      protection of human health or the environment (including, without limitation,
      ambient air, surface water, ground water, land surface or subsurface strata),
      including without limitation, laws and regulations relating to emissions,
      discharges, releases or threatened releases of Materials of Environmental
      Concern, or otherwise relating to the manufacture, processing, distribution,
      use
      treatment, storage, disposal, transport or handling of Materials of
      Environmental Concern.

     

    "ERISA"
      means
      the Employment Retirement Income Security Act of 1974, as amended from time
      to
      time. Section references to ERISA are to ERISA, as in effect at the date of
      this
      Agreement and any subsequent provisions of ERISA, amendatory thereof,
      supplemental thereto or substituted therefor.

     

    "ERISA
      Controlled Group"
      means a
      group consisting of any ERISA Person and all members of a controlled group
      of
      corporations and all trades or businesses (whether or not incorporated) under
      common control with such Person that, together with such Person, are treated
      as
      a single employer under regulations of the PBGC.

     

    "ERISA
      Person"
      has the
      meaning set forth in Section 3(9) of ERISA for the term "person."

     

    "ERISA
      Plan"
      means
      (a) any Plan that (i) is not a Multiemployer Plan and (ii) has Unfunded Benefit
      Liabilities in excess of $1,000,000 and (b) any Plan that is a Multiemployer
      Plan.

     

    "Eurocurrency
      Liabilities"
      has the
      meaning assigned to that term in Regulation D of the Board of Governors of
      the Federal Reserve System, as in effect from time to time.

     

    "Eurodollar
      Lending Office"
      means,
      with respect to any Lender, the office of such Lender specified as its
      "Eurodollar Lending Office" opposite its name on Schedule I hereto or in
      the Assumption Agreement or the Assignment and Acceptance pursuant to which
      it
      became a Lender (or, if no such office is specified, its Domestic Lending
      Office), or such other office of such Lender as such Lender may from time to
      time specify to the Company and the Agent.

     

    "Eurodollar
      Rate"
      means,
      for any Interest Period for each Eurodollar Rate Advance comprising part of
      the
      same Revolving Credit Borrowing, an interest rate per annum equal to the rate
      per annum obtained by dividing (a) the rate per annum (rounded upward to the
      nearest whole multiple of 1/16 of 1% per annum) by reference to the British
      Bankers' Association Interest Settlement Rates as the London interbank offered
      rate for deposits in U.S. dollars at approximately 11:00 A.M. (London time)
      two
      Business Days prior to the first day of such Interest Period for a term
      comparable to such Interest Period or, if for any reason such rate is not
      available, the average (rounded upward to the nearest whole multiple of
      1/16 of 1% per annum, if such average is not such a multiple) of the rate per
      annum at which deposits in U.S. dollars are offered by the principal office
      of
      each of the Reference Banks in London, England to prime banks in the London
      interbank market at 11:00 A.M. (London time) two Business Days before the
      first day of such Interest Period in an amount substantially equal to such
      Reference Bank's Eurodollar Rate Advance comprising part of such Revolving
      Credit Borrowing to be outstanding during such Interest Period and for a period
      equal to such Interest Period by (b) a percentage equal to 100% minus the
      Eurodollar Rate Reserve Percentage for such Interest Period. If the British
      Bankers' Association Settlement Rates are unavailable, the Eurodollar Rate
      for
      any Interest Period for each Eurodollar Rate Advance comprising part of the
      same
      Revolving Credit Borrowing shall be determined by the Agent on the basis of
      applicable rates furnished to and received by the Agent from the Reference
      Banks
      two Business Days before the first day of such Interest Period, subject,
      however, to the provisions of Section 2.09.

     

    "Eurodollar
      Rate Advance"
      means a
      Revolving Credit Advance that bears interest as provided in
      Section 2.08(a)(ii).

     

    "Eurodollar
      Rate Reserve Percentage"
      for any
      Interest Period for all Eurodollar Rate Advances or LIBO Rate Advances
      comprising part of the same Borrowing means the reserve percentage applicable
      two Business Days before the first day of such Interest Period under regulations
      issued from time to time by the Board of Governors of the Federal Reserve System
      (or any successor) for determining the maximum reserve requirement (including,
      without limitation, any emergency, supplemental or other marginal reserve
      requirement) for a member bank of the Federal Reserve System in New York
      City with respect to liabilities or assets consisting of or including
      Eurocurrency Liabilities (or with respect to any other category of liabilities
      that includes deposits by reference to which the interest rate on Eurodollar
      Rate Advances or LIBO Rate Advances is determined) having a term equal to such
      Interest Period.

     

    "Events
      of Default"
      has the
      meaning specified in Section 6.01.

     

    "Extension
      Date"
      has the
      meaning specified in Section 2.20(a).

     

    "Federal
      Funds Rate"
      means,
      for any period, a fluctuating interest rate per annum equal for each day during
      such period to the weighted average of the rates on overnight Federal funds
      transactions with members of the Federal Reserve System arranged by Federal
      funds brokers, as published for such day (or, if such day is not a Business
      Day,
      for the next preceding Business Day) by the Federal Reserve Bank of
      New York, or, if such rate is not so published for any day that is a
      Business Day, the average of the quotations for such day on such transactions
      received by the Agent from three Federal funds brokers of recognized standing
      selected by it.

     

    "Federal
      Reserve Board"
      means
      the Board of Governors of the Federal Reserve System as constituted from time
      to
      time.

     

    "Fixed
      Rate Advances"
      has the
      meaning specified in Section 2.03(a)(i).

     

    "GAAP"
      means
      generally accepted accounting principles specifically as applied in the
      preparation of the financial statements referred to in
      Section 4.01(e).

     

    "Increase
      Date"
      has the
      meaning specified in Section 2.19(a).

     

    "Increasing
      Lender"
      has the
      meaning specified in Section 2.19(b).

     

    "Indebtedness"
      of any
      Person means, without duplication, (a) all indebtedness (including principal,
      interest, fees and charges) of such Person for borrowed money or for the
      deferred purchase price (or a portion thereof) of property or services (other
      than trade payables incurred in the ordinary course of business of such Person),
      (b) all indebtedness of such Person evidenced by a note, bond, debenture or
      similar instrument, (c) the principal component of all Capitalized Lease
      Obligations of such Person and all obligations of such Person under any other
      lease to the extent that the then present value of the minimum rental commitment
      thereunder should, in accordance with GAAP, be capitalized on a balance sheet
      of
      the lessee, (d) the face amount of all letters of credit issued for the account
      of such Person and, without duplication, all unreimbursed amounts drawn
      thereunder, (e) all indebtedness of any other Person secured by any Lien on
      any
      property owned by such Person, whether or not such indebtedness has been
      assumed, (f) payment obligations under any interest rate protection agreements
      (including without limitation, any interest rate swaps, caps, floors, collars
      and similar agreements) and currency swaps and similar agreements, (g) payment
      obligations under any facility for the sale or financing of receivables and
      (h)
      any indebtedness of any other Person of the character referred to in clauses
      (a)
      through (g) with respect to which such Person has become liable by way of any
      guarantee, similar contingent obligation or other arrangement which has the
      effect of assuring payment.

     

    "Information
      Memorandum"
      means
      the information memorandum dated March, 2006 used by the Agent in connection
      with the syndication of the Commitments.

     

    "Interest
      Period"
      means,
      for each Eurodollar Rate Advance comprising part of the same Revolving Credit
      Borrowing and each LIBO Rate Advance comprising part of the same Competitive
      Bid
      Borrowing, the period commencing on the date of such Eurodollar Rate Advance
      or
      LIBO Rate Advance or the date of the Conversion of any Base Rate Advance into
      such Eurodollar Rate Advance and ending on the last day of the period selected
      by the Borrower requesting such Borrowing pursuant to the provisions below
      and,
      thereafter, with respect to Eurodollar Rate Advances, each subsequent period
      commencing on the last day of the immediately preceding Interest Period and
      ending on the last day of the period selected by such Borrower pursuant to
      the
      provisions below. The duration of each such Interest Period shall be one, two,
      three or six months, or if available by all Lenders, nine or twelve months,
      as
      such Borrower may, upon notice received by the Agent not later than
      11:00 A.M. (New York City time) on the third Business Day prior to the
      first day of such Interest Period, select; provided,
      however,
      that:

     

    (i) such
      Borrower may not select any Interest Period that ends after the Termination
      Date;

     

    (ii) Interest
      Periods commencing on the same date for Eurodollar Rate Advances comprising
      part
      of the same Revolving Credit Borrowing or for LIBO Rate Advances comprising
      part
      of the same Competitive Bid Borrowing shall be of the same
      duration;

     

    (iii) whenever
      the last day of any Interest Period would otherwise occur on a day other than
      a
      Business Day, the last day of such Interest Period shall be extended to occur
      on
      the next succeeding Business Day, provided,
      however,
      that,
      if such extension would cause the last day of such Interest Period to occur
      in
      the next following calendar month, the last day of such Interest Period shall
      occur on the next preceding Business Day; and

     

    (iv) whenever
      the first day of any Interest Period occurs on a day of an initial calendar
      month for which there is no numerically corresponding day in the calendar month
      that succeeds such initial calendar month by the number of months equal to
      the
      number of months in such Interest Period, such Interest Period shall end on
      the
      last Business Day of such succeeding calendar month.

     

    "Internal
      Revenue Code"
      means
      the Internal Revenue Code of 1986, as amended from time to time, and the
      regulations promulgated and rulings issued thereunder.

     

    "Issuing
      Bank"
      means
      an Initial Issuing Bank or any Eligible Assignee to which a portion of the
      Letter of Credit Commitment hereunder has been assigned pursuant to Section
      9.07
      so long as such Eligible Assignee expressly agrees to perform in accordance
      with
      their terms all of the obligations that by the terms of this Agreement are
      required to be performed by it as an Issuing Bank and notifies the Agent of
      its
      Applicable Lending Office (which information shall be recorded by the Agent
      in
      the Register), for so long as such Initial Issuing Bank or Eligible Assignee,
      as
      the case may be, shall have a Letter of Credit Commitment.

     

    "L/C
      Cash Deposit Account"
      means
      an interest bearing cash deposit account to be established and maintained by
      the
      Agent for the benefit of the Issuing Banks, over which the Agent shall have
      sole
      dominion and control, upon terms as may be satisfactory to the
      Agent.

     

    "L/C
      Related Documents"
      has the
      meaning specified in Section 2.07(b)(i).

     

    "Lenders"
      means
      the Initial Lenders, each Issuing Bank, each Assuming Lender that shall become
      a
      party hereto pursuant to Section 2.19 or 2.20 and each Person that shall become
      a party hereto pursuant to Section 9.07.

     

    "Letter
      of Credit"
      has the
      meaning specified in Section 2.01(b).

     

    "Letter
      of Credit Agreement"
      has the
      meaning specified in Section 2.04(a).

     

    "Letter
      of Credit Commitment"
      means,
      with respect to each Issuing Bank, the obligation of such Issuing Bank to issue
      Letters of Credit to any Borrower in (a) the amount set forth opposite the
      Issuing Bank's name on the signature pages hereto under the caption "Letter
      of
      Credit Commitment", (b) if such Issuing Bank has become an Issuing Bank
      hereunder pursuant to an Assumption Agreement, the amount set forth in such
      Assumption Agreement, or (c) if such Issuing Bank has entered into one or more
      Assignment and Acceptances, the amount set forth for such Issuing Bank in the
      Register maintained by the Agent pursuant to Section 9.07(d) as such
      Issuing Bank's "Letter of Credit Commitment", in each case as such amount may
      be
      reduced prior to such time pursuant to Section 2.06.

     

    "Letter
      of Credit Facility"
      means,
      at any time, an amount equal to the least of (a) the aggregate amount of the
      Issuing Banks' Letter of Credit Commitments at such time, (b) $200,000,000
      and
      (c) the aggregate amount of the Revolving Credit Commitments, as such amount
      may
      be reduced at or prior to such time pursuant to Section 2.06.

     

    "LIBO
      Rate"
      means,
      for any Interest Period for all LIBO Rate Advances comprising part of the same
      Competitive Bid Borrowing, an interest rate per annum equal to the rate per
      annum obtained by dividing (a)  the rate per annum (rounded upward to the
      nearest whole multiple of 1/16 of 1% per annum) by reference to the British
      Bankers' Association Interest Settlement Rates as the London interbank offered
      rate for deposits in U.S. dollars at approximately 11:00 A.M. (London time)
      two
      Business Days prior to the first day of such Interest Period for a term
      comparable to such Interest Period or, if for any reason such rate is not
      available, the average (rounded upward to the nearest whole multiple of
      1/16 of 1% per annum, if such average is not such a multiple) of the rate per
      annum at which deposits in U.S. dollars offered by the principal office of
      each
      of the Reference Banks in London, England to prime banks in the London interbank
      market at 11:00 A.M. (London time) two Business Days before the first day
      of such Interest Period in an amount substantially equal to the amount that
      would be the Reference Banks' respective ratable shares of such Borrowing if
      such Borrowing were to be a Revolving Credit Borrowing to be outstanding during
      such Interest Period and for a period equal to such Interest Period by
      (b) a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage
      for such Interest Period. If British Bankers' Association Interest Settlement
      Rates are unavailable, the LIBO Rate for any Interest Period for each LIBO
      Rate
      Advance comprising part of the same Competitive Bid Borrowing shall be
      determined by the Agent on the basis of applicable rates furnished to and
      received by the Agent from the Reference Banks two Business Days before the
      first day of such Interest Period, subject, however, to the provisions of
      Section 2.09.

     

    "LIBO
      Rate Advances"
      means a
      Competitive Bid Advance bearing interest based on the LIBO Rate.

     

    "Lien"
      means
      any mortgage, pledge, hypothecation, assignment, deposit arrangement,
      encumbrance, lien (statutory or other), or preferential payment arrangement,
      priority or other security agreement of any kind or nature whatsoever,
      including, without limitation, any conditional sale or other title retention
      agreement, any financing lease having substantially the same effect as any
      of
      the foregoing and the filing of any financing statement of similar instrument
      under the Uniform Commercial Code or comparable law of any jurisdiction,
      domestic or foreign.

     

    "Margin
      Stock"
      has the
      meaning provided such term in Regulation U.

     

    "Material
      Adverse Effect"
      means a
      material adverse effect upon (a) the business, condition (financial or
      otherwise) or operations of the Company and its Subsidiaries taken as a whole
      or
      (b) the ability of the Company to perform, or of the Agent or any of the Lenders
      to enforce, any of the Obligations.

     

    "Material
      Subsidiary"
      means
      each Subsidiary of the Company which meets any of the following conditions:
      (a)
      the Company and its other Subsidiaries, investments in and advances to such
      Subsidiary exceed 10% of the total assets of the Company and its Subsidiaries
      consolidated as of the end of the most recently completed fiscal year, (b)
      the
      Company's and its other Subsidiaries" proportionate share of the total assets
      (after intercompany eliminations) of such Subsidiary exceeds 10% of the total
      assets of the Company and its Subsidiaries consolidated as of the end of the
      most recently completed fiscal year, or (c) the Company's and its other
      Subsidiaries' equity in the income from the continuing operations before income
      taxes, extraordinary items and cumulative effect of a change in accounting
      principles (excluding non-recurring items and special charges) of such
      Subsidiary exceeds 10% of such income of the Company and its Subsidiaries
      consolidated for the most recently completed fiscal year.

     

    "Materials
      of Environmental Concern"
      means
      and include chemicals, pollutants, contaminants, wastes, toxic substances,
      petroleum and petroleum products regulated by applicable Environmental
      Laws.

     

    "Multiemployer
      Plan"
      means a
      Plan which is a "multiemployer plan" as defined in Section 4001(a)(3) of
      ERISA.

     

    "Moody's"
      means
      Moody's Investors Service, Inc.

     

    "Non-Consenting
      Lender"
      has the
      meaning specified in Section 2.20(b).

     

    "Note"
      means a
      Revolving Credit Note or a Competitive Bid Note.

     

    "Notice
      of Competitive Bid Borrowing"
      has the
      meaning specified in Section 2.03(a).

     

    "Notice
      of Issuance"
      has the
      meaning specified in Section 2.04(a).

     

    "Notice
      of Revolving Credit Borrowing"
      has the
      meaning specified in Section 2.02(a).

     

    "Obligations"
      means
      all amounts owing to the Agent or any Lender (whether a contingent obligation
      or
      otherwise) pursuant to the terms of this Agreement or any Note.

     

    "PBGC"
      means
      the Pension Benefit Guaranty Corporation established under ERISA, or any
      successor thereto.

     

    "Person"
      means
      an individual, partnership, corporation (including a business trust), joint
      stock company, trust, unincorporated association, joint venture, limited
      liability company or other entity, or a government or any political subdivision
      or agency thereof.

     

    "Plan"
      means
      any employee benefit plan, covered by Title IV of ERISA, the funding
      requirements of which: (a) were the responsibility of the Company or a member
      of
      its ERISA Controlled Group at any time within the five years immediately
      preceding the date hereof, (b) are currently the responsibility of the Company
      or a member of its ERISA Controlled Group, or (c) hereafter become the
      responsibility of the Company or a member of its ERISA Controlled Group,
      including any such plans as may have been, or may hereafter be, terminated
      for
      whatever reason.

     

    "Principal
      Property"
      means
      any manufacturing plant or manufacturing facility (in each case taken as a
      whole) which is (a) owned by the Company or any Principal Subsidiary, (b)
      located within the continental United States, and (c) in the opinion of the
      Board of Directors of the Company, material to the total business conducted
      by
      the Company and the Principal Subsidiaries taken as a whole.

     

    "Principal
      Subsidiary"
      means
      any Subsidiary of the Company (a) substantially all the property of which is
      located within the continental United States and (b) which owns any Principal
      Property; provided
      that the
      term "Principal Subsidiary" shall not include any such Subsidiary which is
      principally engaged in leasing or in financing receivables, or which is
      principally engaged in financing the Company's operations outside the
      continental United States of America.

     

    "Public
      Debt Rating"
      means,
      as of any date, the lowest rating that has been most recently announced by
      either S&P or Moody's, as the case may be, for any class of non-credit
      enhanced long-term senior unsecured debt issued by the Company. For purposes
      of
      the foregoing, (a) if only one of S&P and Moody's shall have in effect
      a Public Debt Rating, the Applicable Margin, the Applicable Percentage and
      the
      Applicable Utilization Fee shall be determined by reference to the available
      rating; (b) if neither S&P nor Moody's shall have in effect a Public
      Debt Rating, the Applicable Margin, the Applicable Percentage and the Applicable
      Utilization Fee will be set in accordance with Level 6 under the definition
      of "Applicable Margin", "Applicable Percentage" or "Applicable Utilization
      Fee",
      as the case may be; (c) if the ratings established by S&P and Moody's
      shall fall within different levels, the Applicable Margin, the Applicable
      Percentage and the Applicable Utilization Fee shall be based upon the higher
      rating; (d) if any rating established by S&P or Moody's shall be
      changed, such change shall be effective as of the date on which such change
      is
      first announced publicly by the rating agency making such change; and
      (e) if S&P or Moody's shall change the basis on which ratings are
      established, each reference to the Public Debt Rating announced by S&P or
      Moody's, as the case may be, shall refer to the then equivalent rating by
      S&P or Moody's, as the case may be.

     

    "Ratable
      Share"
      of any
      amount means, with respect to any Lender at any time, the product of such amount
      times
      a
      fraction the numerator of which is the amount of such Lender's Revolving Credit
      Commitment at such time (or, if the Revolving Credit Commitments shall have
      been
      terminated pursuant to Section 2.06 or 6.01, such Lender's Revolving Credit
      Commitment as in effect immediately prior to such termination) and the
      denominator of which is the aggregate amount of all Revolving Credit Commitments
      at such time (or, if the Revolving Credit Commitments shall have been terminated
      pursuant to Section 2.06 or 6.01, the aggregate amount of all Revolving
      Credit Commitments as in effect immediately prior to such
      termination).

     

    "Reference
      Banks"
      means
      CUSA, JPMorgan Chase Bank, N.A., Deutsche Bank AG and Wachovia Bank, National
      Association.

     

    "Register"
      has the
      meaning specified in Section 9.07(d).

     

    "Reportable
      Event"
      has the
      meaning set forth in Section 4043(b) of ERISA (other than a Reportable Events
      as
      to which the provision of 30 days' notice to the PBGC is waived under applicable
      regulations), or is the occurrence of any of the events described in Section
      4062(e) or 4063(a) of ERISA.

     

    "Required
      Lenders"
      means
      at any time Lenders owed at least a majority in interest of the then aggregate
      unpaid principal amount of the Revolving Credit Advances owing to Lenders,
      or,
      if no such principal amount is then outstanding, Lenders having at least a
      majority in interest of the Revolving Credit Commitments.

     

    "Responsible
      Officer"
      means
      the Chief Financial Officer, the Controller, the Treasurer or any Assistant
      Treasurer of the Company.

     

    "Restatement
      Date"
      has the
      meaning specified in Section 3.01.

     

    "Restricted
      Subsidiary"
      means,
      for purposes of Section 5.02(d) hereof, a wholly-owned Subsidiary of the Company
      substantially all of the assets of which are located in the United States
      (excluding territories or possessions) and which owns a Principal Property;
      provided however,
      that
      the term Restricted Subsidiary shall not include any Subsidiary that is
      principally engaged in (a) the business of financing; (b) the business of
      owning, buying, selling, leasing, dealing in or developing real property; or
      (c)
      the business of exporting goods or merchandise from or importing goods or
      merchandise into the United States.

     

    "Revolving
      Credit Advance"
      means
      an advance by a Lender to any Borrower as part of a Revolving Credit Borrowing
      and refers to a Base Rate Advance or a Eurodollar Rate Advance (each of which
      shall be a "Type" of Revolving Credit Advance).

     

    "Revolving
      Credit Borrowing"
      means a
      borrowing consisting of simultaneous Revolving Credit Advances of the same
      Type
      made by each of the Lenders pursuant to Section 2.01.

     

    "Revolving
      Credit Commitment"
      means
      as to any Lender (a) the amount set forth opposite such Lender's name on
      the signature pages hereof as such Lender's "Revolving Credit Commitment",
      (b)
      if such Lender has become a Lender hereunder pursuant to an Assumption
      Agreement, the amount set forth in such Assumption Agreement or (c) if such
      Lender has entered into any Assignment and Acceptance, the amount set forth
      for
      such Lender in the Register maintained by the Agent pursuant to
      Section 9.07(d), as such amount may be reduced pursuant to
      Section 2.06 or increased pursuant to Section 2.19.

     

    "Revolving
      Credit Note"
      means a
      promissory note of any Borrower payable to the order of any Lender, delivered
      pursuant to a request made under Section 2.17 in substantially the form of
      Exhibit A-1 hereto, evidencing the aggregate indebtedness of such Borrower
      to such Lender resulting from the Revolving Credit Advances made by such Lender
      to such Borrower.

     

    "S&P"
      means
      Standard & Poor's, a division of The McGraw-Hill Companies,
      Inc.

     

    "SPC"
      has the
      meaning specified in Section 9.07(f) hereto.

     

    "Subsidiary"
      means,
      with respect to any Person, any corporation or other entity in which such Person
      has ownership or control sufficient under GAAP to require such corporation
      or
      entity to be consolidated with such Person for financial reporting
      purposes.

     

    "Termination
      Date"
      means
      the earlier of (a) April 3, 2011, subject to the extension thereof pursuant
      to
      Section 2.20 and (b) the date of termination in whole of the Commitments
      pursuant to Section 2.06 or 6.01; provided,
      however,
      that
      the Termination Date of any Lender that is a Non-Consenting Lender to any
      requested extension pursuant to Section 2.20 shall be the Termination Date
      in
      effect immediately prior to the applicable Extension Date for all purposes
      of
      this Agreement.

     

    "Termination
      Event"
      means
      (a) a Reportable Event, or (b) the initiation of any action by the Company,
      any
      member of the Company's ERISA Controlled Group or any ERISA Plan fiduciary
      to
      terminate an ERISA Plan or the treatment of an amendment to an ERISA Plan as
      a
      termination under ERISA, or (c) the institution of proceedings by the PBGC
      under
      Section 4042 of ERISA to terminate an ERISA Plan or to appoint a trustee to
      administer any ERISA plan, except, in any such case, where the result thereof
      could not reasonably be expected to have a Material Adverse Effect.

     

    "Type"
      means,
      as to any Revolving Credit Advance, its nature as a Base Rate Advance or a
      Eurodollar Rate Advance.

     

    "Unfunded
      Benefit Liabilities"
      means
      with respect to any Plan at any time, the amount (if any) by which (a) the
      present value of all benefit liabilities under such Plan as defined in Section
      4001(a)(16), of ERISA, exceeds (b) the fair market value of all Plan assets
      allocable to such benefits, all determined as of the then most recent valuation
      date for such Plan (on the basis of the interest rate and other assumptions
      used
      to determine the current liabilities of the Plan as required under Code Section
      412(1)).

     

    "Unissued
      Letter of Credit Commitment"
      means,
      with respect to any Issuing Bank, the obligation of such Issuing Bank to issue
      Letters of Credit to any Borrower in an amount equal to the excess of (a) the
      amount of its Letter of Credit Commitment over (b) the aggregate Available
      Amount of all Letters of Credit issued by such Issuing Bank.

     

    "Unused
      Commitment"
      means,
      with respect to each Lender at any time, (a) such Lender's Revolving Credit
      Commitment at such time minus
      (b) the
      sum of (i) the aggregate principal amount of all Revolving Credit Advances
      made
      by such Lender (in its capacity as a Lender) and outstanding at such time,
      plus
      (ii)
      such Lender's Ratable Share of (A) the aggregate Available Amount of all the
      Letters of Credit outstanding at such time, (B) the aggregate principal amount
      of all Revolving Credit Advances made by each Issuing Bank pursuant to
      Section 2.04(c) that have not been ratably funded by such Lender and
      outstanding at such time and (C) the aggregate principal amount of Competitive
      Bid Advances then outstanding.

     

    "Voting
      Stock"
      means
      capital stock issued by a corporation, or equivalent interests in any other
      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 if the right so to vote has been suspended
      by
      the happening of such a contingency.

     

    SECTION
      1.02. Computation
      of Time Periods.
      In this
      Agreement in the computation of periods of time from a specified date to a
      later
      specified date, the word "from" means "from and including" and the words "to"
      and "until" each mean "to but excluding".

     

    SECTION
      1.03. Accounting
      Terms.
      All
      accounting terms not specifically defined herein shall be construed in
      accordance with GAAP.

     

    ARTICLE
      II

     

    AMOUNTS
      AND TERMS OF THE ADVANCES AND LETTERS OF CREDIT

     

    SECTION
      2.01. The
      Revolving Credit Advances and Letters of Credit.
      (a)
The
      Revolving Credit Advances.
      Each
      Lender severally agrees, on the terms and conditions hereinafter set forth,
      to
      make Revolving Credit Advances to any Borrower from time to time on any Business
      Day during the period from the Restatement Date until the Termination Date
      in an
      amount not to exceed such Lender's Unused Commitment. Each Revolving Credit
      Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple
      of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances
      of the same Type made on the same day by the Lenders ratably according to their
      respective Revolving Credit Commitments. Within the limits of each Lender's
      Revolving Credit Commitment, any Borrower may borrow under this Section 2.01(a),
      prepay pursuant to Section 2.11 and reborrow under this
      Section 2.01(a).

     

    (b) Letters
      of Credit.
      Each
      Issuing Bank agrees, on the terms and conditions set forth in any Letter of
      Credit Agreement and hereinafter set forth, in reliance upon the agreements
      of
      the other Lenders set forth in this Agreement, to issue stand-by letters of
      credit (each, a "Letter
      of Credit")
      for
      the account of any Borrower from time to time on any Business Day during the
      period from the Restatement Date until 30 days before the Termination Date
      in an
      aggregate Available Amount (i) for all Letters of Credit issued by each Issuing
      Bank not to exceed at any time the lesser of (x) the Letter of Credit
      Facility at such time and (y) such Issuing Bank's Letter of Credit
      Commitment at such time and (ii) for each such Letter of Credit not to
      exceed an amount equal to the Unused Commitments of the Lenders at such time.
      No
      Issuing Bank shall be obligated to issue any Letter of Credit hereunder if
      such
      issuance would conflict with, or cause such Issuing Bank to exceed any limits
      imposed by, any applicable law. No Letter of Credit shall have an expiration
      date (including all rights of the applicable Borrower or the beneficiary to
      require renewal) later than 10 Business Days before the earliest Termination
      Date for which the aggregate Commitments of the Lenders (after giving effect
      to
      any extensions of the Termination Date pursuant to Section 2.20) are not equal
      to or greater than the aggregate Available Amount of all Letters of Credit.
      Within the limits referred to above, any Borrower may request the issuance
      of
      Letters of Credit under this Section 2.01(b), repay any Revolving Credit
      Advances resulting from drawings thereunder pursuant to Section 2.04(c) and
      request the issuance of additional Letters of Credit under this
      Section 2.01(b). Each
      letter of credit listed on Schedule 2.01(b) shall be deemed to constitute a
      Letter of Credit issued hereunder, and each Lender that is an issuer of such
      a
      Letter of Credit shall, for purposes of Section 2.04, be deemed to be an Issuing
      Bank for each such letter of credit, provided
      than any
      renewal or replacement of any such letter of credit shall be issued by an
      Issuing Bank pursuant to the terms of this Agreement. The terms "issue",
      "issued", "issuance" and all similar terms, when applied to a Letter of Credit,
      shall include any renewal, extension or amendment thereof.

     

    SECTION
      2.02. Making
      the Revolving Credit Advances.
      (a)
      Each Revolving Credit Borrowing shall be made on notice, given not later than
      (x) 11:00 A.M. (New York City time) on the third Business Day
      prior to the date of the proposed Revolving Credit Borrowing in the case of
      a
      Revolving Credit Borrowing consisting of Eurodollar Rate Advances or (y) 1:00
      P.M. (New York City time) on the date of the proposed Revolving Credit Borrowing
      in the case of a Revolving Credit Borrowing consisting of Base Rate Advances,
      by
      any Borrower to the Agent, which shall give to each Lender prompt notice thereof
      by telecopier. Each such notice of a Revolving Credit Borrowing (a "Notice
      of Revolving Credit Borrowing")
      shall
      be by telephone, confirmed immediately in writing, or telecopier in
      substantially the form of Exhibit B-1 hereto, specifying therein the
      requested (i) date of such Revolving Credit Borrowing, (ii) Type of
      Advances comprising such Revolving Credit Borrowing, (iii) aggregate amount
      of such Revolving Credit Borrowing, and (iv) in the case of a Revolving
      Credit Borrowing consisting of Eurodollar Rate Advances, initial Interest Period
      for each such Revolving Credit Advance. Each Lender shall, before 3:00 P.M.
      (New York City time) on the date of such Revolving Credit Borrowing make
      available for the account of its Applicable Lending Office to the Agent at
      the
      Agent's Account, in same day funds, such Lender's ratable portion of such
      Revolving Credit Borrowing. After the Agent's receipt of such funds and upon
      fulfillment of the applicable conditions set forth in Article III, the
      Agent will make such funds available to the applicable Borrower at the Agent's
      address referred to in Section 9.02.

     

    (b) Anything
      in subsection (a) above to the contrary notwithstanding, (i) no
      Borrower may select Eurodollar Rate Advances for any Revolving Credit Borrowing
      if the aggregate amount of such Revolving Credit Borrowing is less than
      $10,000,000 or if the obligation of the Lenders to make Eurodollar Rate Advances
      shall then be suspended pursuant to Section 2.09 or 2.13 and (ii) the
      Eurodollar Rate Advances may not be outstanding as part of more than six
      separate Revolving Credit Borrowings.

     

    (c) Each
      Notice of Revolving Credit Borrowing of any Borrower shall be irrevocable and
      binding on such Borrower. In the case of any Revolving Credit Borrowing that
      the
      related Notice of Revolving Credit Borrowing specifies is to be comprised of
      Eurodollar Rate Advances, the Borrower requesting such Revolving Credit
      Borrowing shall indemnify each Lender against any loss, cost or expense incurred
      by such Lender as a result of any failure to fulfill on or before the date
      specified in such Notice of Revolving Credit Borrowing for such Revolving Credit
      Borrowing the applicable conditions set forth in Article III, including,
      without limitation, any loss (including loss of anticipated profits), cost
      or
      expense incurred by reason of the liquidation or reemployment of deposits or
      other funds acquired by such Lender to fund the Revolving Credit Advance to
      be
      made by such Lender as part of such Revolving Credit Borrowing when such
      Revolving Credit Advance, as a result of such failure, is not made on such
      date.

     

    (d) Unless
      the Agent shall have received notice from a Lender prior to the time of any
      Revolving Credit Borrowing that such Lender will not make available to the
      Agent
      such Lender's ratable portion of such Revolving Credit Borrowing, the Agent
      may
      assume that such Lender has made such portion available to the Agent on the
      date
      of such Revolving Credit Borrowing in accordance with subsection (a) of
      this Section 2.02 and the Agent may, in reliance upon such assumption, make
      available to the Borrower requesting such Revolving Credit Borrowing on such
      date a corresponding amount. If and to the extent that such Lender shall not
      have so made such ratable portion available to the Agent, such Lender and such
      Borrower severally agree to repay to the Agent forthwith on demand such
      corresponding amount together with interest thereon, for each day from the
      date
      such amount is made available to such Borrower until the date such amount is
      repaid to the Agent, at (i) in the case of such Borrower, the interest rate
      applicable at the time to Revolving Credit Advances comprising such Revolving
      Credit Borrowing and (ii) in the case of such Lender, the Federal Funds
      Rate. If such Lender shall repay to the Agent such corresponding amount, such
      amount so repaid shall constitute such Lender's Revolving Credit Advance as
      part
      of such Revolving Credit Borrowing for purposes of this Agreement.

     

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

     

    SECTION
      2.03. The
      Competitive Bid Advances.
      (a)
      Each Lender severally agrees that any Borrower may make Competitive Bid
      Borrowings under this Section 2.03 from time to time on any Business Day
      during the period from the date hereof until the date occurring 30 days prior
      to
      the Termination Date in the manner set forth below; provided
      that,
      following the making of each Competitive Bid Borrowing, the aggregate amount
      of
      the Advances plus the Available Amount of the Letters of Credit then outstanding
      shall not exceed the aggregate amount of the Revolving Credit Commitments of
      the
      Lenders.

     

    (i) Any
      Borrower may request a Competitive Bid Borrowing under this Section 2.03 by
      delivering to the Agent, by telecopier, a notice of a Competitive Bid Borrowing
      (a "Notice
      of Competitive Bid Borrowing"),
      in
      substantially the form of Exhibit B-2 hereto, specifying therein the requested
      (v) date of such proposed Competitive Bid Borrowing, (w) aggregate amount of
      such proposed Competitive Bid Borrowing, (x) in the case of a Competitive Bid
      Borrowing consisting of LIBO Rate Advances, Interest Period, or in the case
      of a
      Competitive Bid Borrowing consisting of Fixed Rate Advances, maturity date
      for
      repayment of each Fixed Rate Advance to be made as part of such Competitive
      Bid
      Borrowing (which maturity date may not be earlier than the date occurring 30
      days after the date of such Competitive Bid Borrowing or later than the
      Termination Date), (y) interest payment date or dates relating thereto, and
      (z)
      other terms (if any) to be applicable to such Competitive Bid Borrowing, not
      later than 10:00 A.M. (New York City time) (A) at least one Business Day prior
      to the date of the proposed Competitive Bid Borrowing, if such Borrower shall
      specify in the Notice of Competitive Bid Borrowing that the rates of interest
      to
      be offered by the Lenders shall be fixed rates per annum (the Advances
      comprising any such Competitive Bid Borrowing being referred to herein as
      "Fixed
      Rate Advances")
      and
      (B) at least four Business Days prior to the date of the proposed Competitive
      Bid Borrowing, if such Borrower shall instead specify in the Notice of
      Competitive Bid Borrowing that the Advances comprising such Competitive Bid
      Borrowing shall be LIBO Rate Advances. Each Notice of Competitive Bid Borrowing
      shall be irrevocable and binding on such Borrower. The Agent shall in turn
      promptly notify each Lender of each request for a Competitive Bid Borrowing
      received by it from a Borrower by sending such Lender a copy of the related
      Notice of Competitive Bid Borrowing.

     

    (ii) Each
      Lender may, if, in its sole discretion, it elects to do so, irrevocably offer
      to
      make one or more Competitive Bid Advances to the Borrower proposing the
      Competitive Bid Borrowing as part of such proposed Competitive Bid Borrowing
      at
      a rate or rates of interest specified by such Lender in its sole discretion,
      by
      notifying the Agent (which shall give prompt notice thereof to such Borrower),
      (A) before 9:30 A.M. (New York City time) on the date of such
      proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing
      consisting of Fixed Rate Advances and (B) before 10:00 A.M. (New York City
      time) three Business Days before the date of such proposed Competitive Bid
      Borrowing, in the case of a Competitive Bid Borrowing consisting of LIBO Rate
      Advances of the minimum amount and maximum amount of each Competitive Bid
      Advance which such Lender would be willing to make as part of such proposed
      Competitive Bid Borrowing (which amounts of such proposed Competitive Bid may,
      subject to the proviso to the first sentence of this Section 2.03(a),
      exceed such Lender's Commitment, if any), the rate or rates of interest therefor
      and such Lender's Applicable Lending Office with respect to such Competitive
      Bid
      Advance; provided
      that if
      the Agent in its capacity as a Lender shall, in its sole discretion, elect
      to
      make any such offer, it shall notify such Borrower of such offer at least 30
      minutes before the time and on the date on which notice of such election is
      to
      be given to the Agent, by the other Lenders. If any Lender shall elect not
      to
      make such an offer, such Lender shall so notify the Agent before 10:00 A.M.
      (New York City time), and such Lender shall not be obligated to, and shall
      not, make any Competitive Bid Advance as part of such Competitive Bid Borrowing;
      provided
      that the
      failure by any Lender to give such notice shall not cause such Lender to be
      obligated to make any Competitive Bid Advance as part of such proposed
      Competitive Bid Borrowing.

     

    (iii) The
      Borrower proposing the Competitive Bid Borrowing shall, in turn, (A) before
      10:30 A.M. (New York City time) on the date of such proposed
      Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting
      of Fixed Rate Advances and (B) before 11:00 A.M. (New York City
      time) three Business Days before the date of such proposed Competitive Bid
      Borrowing, in the case of a Competitive Bid Borrowing consisting of LIBO Rate
      Advances, either:

     

    (x) cancel
      such Competitive Bid Borrowing by giving the Agent notice to that effect,
      or

     

    (y) accept
      one or more of the offers made by any Lender or Lenders pursuant to paragraph
      (ii) above, in its sole discretion, by giving notice to the Agent of the amount
      of each Competitive Bid Advance (which amount shall be equal to or greater
      than
      the minimum amount, and equal to or less than the maximum amount, notified
      to
      such Borrower by the Agent on behalf of such Lender for such Competitive Bid
      Advance pursuant to paragraph (ii) above) to be made by each Lender as part
      of such Competitive Bid Borrowing, and reject any remaining offers made by
      Lenders pursuant to paragraph (ii) above by giving the Agent notice to that
      effect. Such Borrower shall accept the offers made by any Lender or Lenders
      to
      make Competitive Bid Advances in order of the lowest to the highest rates of
      interest offered by such Lenders. If two or more Lenders have offered the same
      interest rate, the amount to be borrowed at such interest rate will be allocated
      among such Lenders in proportion to the amount that each such Lender offered
      at
      such interest rate.

     

    (iv) If
      the
      Borrower proposing the Competitive Bid Borrowing notifies the Agent that such
      Competitive Bid Borrowing is cancelled pursuant to paragraph (iii)(x)
      above, the Agent shall give prompt notice thereof to the Lenders and such
      Competitive Bid Borrowing shall not be made.

     

    (v) If
      the
      Borrower proposing the Competitive Bid Borrowing accepts one or more of the
      offers made by any Lender or Lenders pursuant to paragraph (iii)(y) above,
      the Agent shall in turn promptly notify (A) each Lender that has made an
      offer as described in paragraph (ii) above, of the date and aggregate
      amount of such Competitive Bid Borrowing and whether or not any offer or offers
      made by such Lender pursuant to paragraph (ii) above have been accepted by
      such Borrower, (B) each Lender that is to make a Competitive Bid Advance as
      part of such Competitive Bid Borrowing, of the amount of each Competitive Bid
      Advance to be made by such Lender as part of such Competitive Bid Borrowing,
      and
      (C) each Lender that is to make a Competitive Bid Advance as part of such
      Competitive Bid Borrowing, upon receipt, that the Agent has received forms
      of
      documents appearing to fulfill the applicable conditions set forth in Article
      III. Each Lender that is to make a Competitive Bid Advance as part of such
      Competitive Bid Borrowing shall, before 11:00 A.M. (New York City
      time) on the date of such Competitive Bid Borrowing specified in the notice
      received from the Agent pursuant to clause (A) of the preceding sentence or
      any later time when such Lender shall have received notice from the Agent
      pursuant to clause (C) of the preceding sentence, make available for the
      account of its Applicable Lending Office to the Agent at its address referred
      to
      in Section 9.02, in same day funds, such Lender's portion of such Competitive
      Bid Borrowing. Upon fulfillment of the applicable conditions set forth in
      Article III and after receipt by the Agent of such funds, the Agent will make
      such funds available to such Borrower at the location specified by such Borrower
      in its Notice of Competitive Bid Borrowing. Promptly after each Competitive
      Bid
      Borrowing the Agent will notify each Lender of the amount and tenor of the
      Competitive Bid Borrowing.

     

    (vi) If
      the
      Borrower proposing the Competitive Bid Borrowing notifies the Agent that it
      accepts one or more of the offers made by any Lender or Lenders pursuant to
      paragraph (iii)(y) above, such notice of acceptance shall be irrevocable
      and binding on such Borrower. Such Borrower shall indemnify each Lender against
      any loss, cost or expense incurred by such Lender as a result of any failure
      to
      fulfill on or before the date specified in the related Notice of Competitive
      Bid
      Borrowing for such Competitive Bid Borrowing the applicable conditions set
      forth
      in Article III, including, without limitation, any loss (including loss of
      anticipated profits), cost or expense incurred by reason of the liquidation
      or
      reemployment of deposits or other funds acquired by such Lender to fund the
      Competitive Bid Advance to be made by such Lender as part of such Competitive
      Bid Borrowing when such Competitive Bid Advance, as a result of such failure,
      is
      not made on such date.

     

    (b) Each
      Competitive Bid Borrowing shall be in an aggregate amount of $10,000,000 or
      an
      integral multiple of $1,000,000 in excess thereof and, following the making
      of
      each Competitive Bid Borrowing, the Borrowers shall be in compliance with the
      limitation set forth in the proviso to the first sentence of subsection (a)
      above.

     

    (c) Within
      the limits and on the conditions set forth in this Section 2.03, any
      Borrower may from time to time borrow under this Section 2.03, repay or
      prepay pursuant to subsection (d) below, and reborrow under this
      Section 2.03, provided
      that a
      Competitive Bid Borrowing shall not be made within three Business Days of the
      date of any other Competitive Bid Borrowing.

     

    (d) Each
      Borrower that has borrowed through a Competitive Bid Borrowing shall repay
      to
      the Agent for the account of each Lender that has made a Competitive Bid
      Advance, on the maturity date of each Competitive Bid Advance (such maturity
      date being that specified by such Borrower for repayment of such Competitive
      Bid
      Advance in the related Notice of Competitive Bid Borrowing delivered pursuant
      to
      subsection (a)(i) above and provided in the Competitive Bid Note evidencing
      such Competitive Bid Advance), the then unpaid principal amount of such
      Competitive Bid Advance. No Borrower shall have the right to prepay any
      principal amount of any Competitive Bid Advance unless, and then only on the
      terms, specified by such Borrower for such Competitive Bid Advance in the
      related Notice of Competitive Bid Borrowing delivered pursuant to
      subsection (a)(i) above and set forth in the Competitive Bid Note
      evidencing such Competitive Bid Advance.

     

    (e) Each
      Borrower that has borrowed through a Competitive Bid Borrowing shall pay
      interest on the unpaid principal amount of each Competitive Bid Advance from
      the
      date of such Competitive Bid Advance to the date the principal amount of such
      Competitive Bid Advance is repaid in full, at the rate of interest for such
      Competitive Bid Advance specified by the Lender making such Competitive Bid
      Advance in its notice with respect thereto delivered pursuant to
      subsection (a)(ii) above, payable on the interest payment date or dates
      specified by such Borrower for such Competitive Bid Advance in the related
      Notice of Competitive Bid Borrowing delivered pursuant to subsection (a)(i)
      above, as provided in the Competitive Bid Note evidencing such Competitive
      Bid
      Advance. Upon the occurrence and during the continuance of an Event of Default,
      such Borrower shall pay interest on the amount of unpaid principal of and
      interest on each Competitive Bid Advance owing to a Lender, payable in arrears
      on the date or dates interest is payable thereon, at a rate per annum equal
      at
      all times to 2% per annum above the rate per annum required to be paid on
      such Competitive Bid Advance under the terms of the Competitive Bid Note
      evidencing such Competitive Bid Advance unless otherwise agreed in such
      Competitive Bid Note.

     

    (f) The
      indebtedness of any Borrower resulting from each Competitive Bid Advance made
      to
      such Borrower as part of a Competitive Bid Borrowing shall be evidenced by
      a
      separate Competitive Bid Note of such Borrower payable to the order of the
      Lender making such Competitive Bid Advance.

     

    SECTION
      2.04. Issuance of and Drawings and Reimbursement Under Letters of Credit. (a)
      Request
      for Issuance.
      (i)
      Each Letter of Credit shall be issued upon notice, given not later than
      11:00 A.M. (New York City time) on the fifth Business Day prior to the
      date of the proposed issuance of such Letter of Credit (or on such shorter
      notice as the applicable Issuing Bank may agree), by any Borrower to any Issuing
      Bank, and such Issuing Bank shall give the Agent, prompt notice thereof by
      telecopier, telephone or cable. Each such notice of issuance of a Letter of
      Credit (a "Notice
      of Issuance")
      shall
      be by telecopier, telephone or cable or, if agreed to by the applicable Issuing
      Bank, by e-mail, confirmed immediately in writing, specifying therein the
      requested (A) date of such issuance (which shall be a Business Day),
      (B) Available Amount of such Letter of Credit, (C) expiration date of
      such Letter of Credit (which shall not be later than one year after the date
      of
      issuance thereof; provided
      that any
      Letter of Credit which provides for automatic one-year extension(s) of such
      expiration date shall be deemed to comply with the foregoing requirement if
      the
      Issuing Bank has the unconditional right to prevent any such automatic extension
      which extends beyond the Termination Date from taking place and each Issuing
      Bank hereby agrees to exercise such right to prevent any such automatic
      extension for each Letter of Credit outstanding after the Termination Date),
      (D) name and address of the beneficiary of such Letter of Credit and
      (E) form of such Letter of Credit, and shall be accompanied by such
      application and agreement for letter of credit as such Issuing Bank may specify
      to the applicable Borrower for use in connection with such requested Letter
      of
      Credit (a "Letter
      of Credit Agreement").
      If
      the requested form of such Letter of Credit is acceptable to such Issuing Bank
      in its sole discretion, such Issuing Bank will, upon fulfillment of the
      applicable conditions set forth in Article III, make such Letter of Credit
      available to the applicable Borrower at its office referred to in
      Section 9.02 or as otherwise agreed with such Borrower in connection with
      such issuance. In the event and to the extent that the provisions of any Letter
      of Credit Agreement shall directly conflict with this Agreement, the provisions
      of this Agreement shall govern, it being the intention of the parties that
      any
      Letter of Credit Agreement shall supplement this Agreement.

     

    (b) Participations.
      By the
      issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing
      the amount or extending the expiration thereof) and without any further action
      on the part of the applicable Issuing Bank or the Lenders, such Issuing Bank
      hereby grants to each Lender, and each Lender hereby acquires from such Issuing
      Bank, a participation in such Letter of Credit equal to such Lender's Ratable
      Share of the Available Amount of such Letter of Credit. Each Borrower hereby
      agrees to each such participation. In consideration and in furtherance of the
      foregoing, each Lender hereby absolutely and unconditionally agrees to pay
      to
      the Agent, for the account of such Issuing Bank, such Lender's Ratable Share
      of
      each drawing made under a Letter of Credit funded by such Issuing Bank and
      not
      reimbursed by the applicable Borrower on the date made, or of any reimbursement
      payment required to be refunded to any Borrower for any reason. Each Lender
      acknowledges and agrees that its obligation to acquire participations pursuant
      to this paragraph in respect of Letters of Credit is absolute and unconditional
      and shall not be affected by any circumstance whatsoever, including any
      amendment, renewal or extension of any Letter of Credit or the occurrence and
      continuance of a Default or reduction or termination of the Revolving Credit
      Commitments, and that each such payment shall be made without any offset,
      abatement, withholding or reduction whatsoever. Each Lender further acknowledges
      and agrees that its participation in each Letter of Credit will be automatically
      adjusted to reflect such Lender's Ratable Share of the Available Amount of
      such
      Letter of Credit at each time such Lender's Revolving Credit Commitment is
      amended pursuant to the operation of Section 2.19 or 2.20, an assignment in
      accordance with Section 9.07 or otherwise pursuant to this
      Agreement.

     

    (c) Drawing
      and Reimbursement.
      The
      payment by an Issuing Bank of a draft drawn under any Letter of Credit shall
      constitute for all purposes of this Agreement the making by any such Issuing
      Bank of a Revolving Credit Advance, which shall be a Base Rate Advance, in
      the
      amount of such draft. Each Issuing Bank shall give prompt notice of each drawing
      under any Letter of Credit issued by it to the applicable Borrower and the
      Agent. Upon written demand by the Agent, each Lender shall pay to the Agent
      such
      Lender's Ratable Share of such outstanding Revolving Credit Advance, by making
      available for the account of its Applicable Lending Office to the Agent for
      the
      account of such Issuing Bank, by deposit to the Agent's Account, in same day
      funds, an amount equal to the portion of the outstanding principal amount of
      such Revolving Credit Advance to be funded by such Lender. Each Lender
      acknowledges and agrees that its obligation to make Revolving Credit Advances
      pursuant to this paragraph in respect of Letters of Credit is absolute and
      unconditional and shall not be affected by any circumstance whatsoever,
      including any amendment, renewal or extension of any Letter of Credit or the
      occurrence and continuance of a Default or reduction or termination of the
      Revolving Credit Commitments, and that each such payment shall be made without
      any offset, abatement, withholding or reduction whatsoever. Promptly after
      receipt thereof, the Agent shall transfer such funds to such Issuing Bank.
      Each
      Lender agrees to fund its Ratable Share of an outstanding Revolving Credit
      Advance on (i) the Business Day on which demand therefor is made,
provided
      that
      notice of such demand is given not later than 11:00 A.M. (New York
      City time) on such Business Day, or (ii) the first Business Day next
      succeeding such demand if notice of such demand is given after such time. If
      and
      to the extent that any Lender shall not have so made the amount of such
      Revolving Credit Advance available to the Agent, such Lender agrees to pay
      to
      the Agent for the account of the applicable Issuing Bank forthwith on demand
      such amount together with interest thereon, for each day from the date of demand
      by the Agent until the date such amount is paid to the Agent, at the Federal
      Funds Rate for its account or the account of such Issuing Bank, as applicable.
      Promptly after receipt thereof the Agent shall transfer such funds to the
      applicable Issuing Bank. If such Lender shall pay to the Agent such amount
      for
      the account of any such Issuing Bank on any Business Day, such amount so paid
      in
      respect of principal shall constitute a Revolving Credit Advance made by such
      Lender on such Business Day for purposes of this Agreement, and the outstanding
      principal amount of the Revolving Credit Advance made by such Issuing Bank
      shall
      be reduced by such amount on such Business Day.

     

    (d) Letter
      of Credit Reports.
      Each
      Issuing Bank shall furnish (A) to the Agent on the first Business Day of
      each month a written report summarizing issuance and expiration dates of Letters
      of Credit during the preceding month and drawings during such month under all
      Letters of Credit and (B) to the Agent on the first Business Day of each
      calendar quarter a written report setting forth the average daily aggregate
      Available Amount during the preceding calendar quarter of all Letters of
      Credit.

     

    (e) Failure
      to Make Advances.
      The
      failure of any Lender to make the Revolving Credit Advance to be made by it
      on
      the date specified in Section 2.04(c) shall not relieve any other Lender of
      its
      obligation hereunder to make its Revolving Credit Advance on such date, but
      no
      Lender shall be responsible for the failure of any other Lender to make the
      Revolving Credit Advance to be made by such other Lender on such
      date.

     

    SECTION
      2.05. Fees.
      (a)
Facility
      Fee.
      The
      Company agrees to pay to the Agent for the account of each Lender a facility
      fee
      on the aggregate amount of such Lender's Revolving Credit Commitment from the
      Restatement Date in the case of each Initial Lender and from the effective
      date
      specified in the Assumption Agreement or in the Assignment and Acceptance
      pursuant to which it became a Lender in the case of each other Lender until
      the
      Termination Date at a rate per annum equal to the Applicable Percentage in
      effect from time to time, payable in arrears quarterly on the last day of each
      March, June, September and December, commencing June 30, 2006, and on the
      Termination Date.

     

    (b) Letter
      of Credit Fees.
      (i)
      Each Borrower shall pay to the Agent for the account of each Lender a commission
      on such Lender's Ratable Share of the average daily aggregate Available Amount
      of all Letters of Credit issued for the account of such Borrower and outstanding
      from time to time at a rate per annum equal to the Applicable Margin for
      Eurodollar Rate Advances in effect from time to time plus the Applicable
      Utilization Fee, if any, during such calendar quarter, payable in arrears
      quarterly on the last day of each March, June, September and December,
      commencing with the quarter ended June 30, 2006, and on the Termination Date;
      provided
      that the
      Applicable Margin shall be 2% above the Applicable Margin in effect upon the
      occurrence and during the continuation of an Event of Default if the Borrowers
      are required to pay default interest pursuant to Section 2.08(b).

     

    (ii) Each
      Borrower shall pay to each Issuing Bank, for its own account, a fronting fee
      of
      0.10% of the Available Amount of each Letter of Credit issued by it on the
      date
      of such issuance, and such transfer fees and other fees and charges in
      connection with the issuance or administration of each Letter of Credit as
      such
      Borrower and such Issuing Bank shall agree in any applicable Letter of Credit
      Agreement or otherwise.

     

    (c) Agent's
      Fees.
      The
      Company shall pay to the Agent for its own account such fees as may from time
      to
      time be agreed between the Company and the Agent.

     

    SECTION
      2.06. Optional
      Termination or Reduction of the Commitments.
      The
      Company shall have the right, upon at least three Business Days' notice to
      the
      Agent, to terminate in whole or reduce ratably in part the Unused Commitments
      or
      the Unissued Letter of Credit Commitments of the Lenders, provided
      that
      each partial reduction shall be in the aggregate amount of $10,000,000 or an
      integral multiple of $1,000,000 in excess thereof.

     

    SECTION
      2.07. Repayment
      of Revolving Credit Advances.
      (a)
      Each Borrower shall repay to the Agent for the ratable account of the Lenders
      on
      the Termination Date the aggregate principal amount of the Revolving Credit
      Advances made to it and then outstanding.

     

    (b) The
      obligations of the Borrowers under this Agreement, any Letter of Credit
      Agreement and any other agreement or instrument relating to any Letter of Credit
      shall be unconditional and irrevocable, and shall be paid strictly in accordance
      with the terms of this Agreement, such Letter of Credit Agreement and such
      other
      agreement or instrument under all circumstances, including, without limitation,
      the following circumstances (it being understood that any such payment by any
      Borrower is without prejudice to, and does not constitute a waiver of, any
      rights such Borrower might have or might acquire as a result of the payment
      by
      any Lender of any draft or the reimbursement by such Borrower
      thereof):

     

    (i) any
      lack
      of validity or enforceability of this Agreement, any Note, any Letter of Credit
      Agreement, any Letter of Credit or any other agreement or instrument relating
      thereto (all of the foregoing being, collectively, the "L/C
      Related Documents");

     

    (ii) any
      change in the time, manner or place of payment of, or in any other term of,
      all
      or any of the obligations of a Borrower in respect of any L/C Related Document
      or any other amendment or waiver of or any consent to departure from all or any
      of the L/C Related Documents;

     

    (iii) the
      existence of any claim, set-off, defense or other right that a Borrower may
      have
      at any time against any beneficiary or any transferee of a Letter of Credit
      (or
      any Persons for which any such beneficiary or any such transferee may be
      acting), any Issuing Bank, any Agent, any Lender or any other Person, whether
      in
      connection with the transactions contemplated by the L/C Related Documents
      or
      any unrelated transaction;

     

    (iv) any
      statement or any other document presented under a 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;

     

    (v) payment
      by any Issuing Bank under a Letter of Credit against presentation of a draft
      or
      certificate that does not strictly comply with the terms of such Letter of
      Credit;

     

    (vi) any
      exchange, release or non-perfection of any collateral, or any release or
      amendment or waiver of or consent to departure from any guarantee, for all
      or
      any of the obligations of a Borrower in respect of the L/C Related Documents;
      or

     

    (vii) any
      other
      circumstance or happening whatsoever, whether or not similar to any of the
      foregoing, including, without limitation, any other circumstance that might
      otherwise constitute a defense available to, or a discharge of, a Borrower
      or a
      guarantor.

     

    SECTION
      2.08. Interest
      on Revolving Credit Advances.
      (a)
Scheduled
      Interest.
      Each
      Borrower shall pay interest on the unpaid principal amount of each Revolving
      Credit Advance made to it and owing to each Lender from the date of such
      Revolving Credit Advance until such principal amount shall be paid in full,
      at
      the following rates per annum:

     

    (i) Base
      Rate Advances.
      During
      such periods as such Revolving Credit Advance is a Base Rate Advance, a rate
      per
      annum equal at all times to the sum of (x) the Base Rate in effect from
      time to time plus
      (y) the Applicable Margin in effect from time to time plus
      (z) the
      Applicable Utilization Fee, if any, in effect from time to time, payable in
      arrears quarterly on the last day of each March, June, September and December
      during such periods and on the date such Base Rate Advance shall be Converted
      or
      paid in full.

     

    (ii) Eurodollar
      Rate Advances.
      During
      such periods as such Revolving Credit Advance is a Eurodollar Rate Advance,
      a
      rate per annum equal at all times during each Interest Period for such Revolving
      Credit Advance to the sum of (x) the Eurodollar Rate for such Interest
      Period for such Revolving Credit Advance plus
      (y) the Applicable Margin in effect from time to time plus
      (z) the
      Applicable Utilization Fee, if any, in effect from time to time, payable in
      arrears on the last day of such Interest Period and, if such Interest Period
      has
      a duration of more than three months, on each day that occurs during such
      Interest Period every three months from the first day of such Interest Period
      and on the date such Eurodollar Rate Advance shall be Converted or paid in
      full.

     

    (b) Default
      Interest.
      Upon
      the occurrence and during the continuance of an Event of Default, the Agent
      may,
      and upon the request of the Required Lenders shall, require the Borrowers to
      pay
      interest ("Default
      Interest")
      on
      (i) the unpaid principal amount of each Revolving Credit Advance owing to
      each Lender, payable in arrears on the dates referred to in clause (a)(i)
      or (a)(ii) above, at a rate per annum equal at all times to 2% per annum above
      the rate per annum required to be paid on such Revolving Credit Advance pursuant
      to clause (a)(i) or (a)(ii) above and (ii) to the fullest extent
      permitted by law, the amount of any interest, fee or other amount payable
      hereunder that is not paid when due, from the date such amount shall be due
      until such amount shall be paid in full, payable in arrears on the date such
      amount shall be paid in full and on demand, at a rate per annum equal at all
      times to 2% per annum above the rate per annum required to be paid on Base
      Rate
      Advances pursuant to clause (a)(i) above, provided, however, that following
      the acceleration of the Advances pursuant to Section 6.01, Default Interest
      shall accrue and be payable whether or not previously required by the
      Agent.

     

    SECTION
      2.09. Interest
      Rate Determination.
      (a)
      Each Reference Bank agrees to furnish to the Agent timely information for the
      purpose of determining each Eurodollar Rate and each LIBO Rate. If any one
      or
      more of the Reference Banks shall not furnish such timely information to the
      Agent for the purpose of determining any such interest rate, the Agent shall
      determine such interest rate on the basis of timely information furnished by
      the
      remaining Reference Banks. The Agent shall give prompt notice to the Company
      and
      the Lenders of the applicable interest rate determined by the Agent for purposes
      of Section 2.08(a)(i) or (ii), and the rate, if any, furnished by each
      Reference Bank for the purpose of determining the interest rate under
      Section 2.08(a)(ii).

     

    (b) If,
      with
      respect to any Eurodollar Rate Advances, the Required Lenders notify the Agent
      that the Eurodollar Rate for any Interest Period for such Advances will not
      adequately reflect the cost to such Required Lenders of making, funding or
      maintaining their respective Eurodollar Rate Advances for such Interest Period,
      the Agent shall forthwith so notify the Company and the Lenders, whereupon
      (i)
      each Eurodollar Rate Advance will automatically, on the last day of the then
      existing Interest Period therefor, Convert into a Base Rate Advance, and (ii)
      the obligation of the Lenders to make, or to Convert Revolving Credit Advances
      into, Eurodollar Rate Advances shall be suspended until the Agent shall notify
      the Company and the Lenders that the circumstances causing such suspension
      no
      longer exist.

     

    (c) If
      any
      Borrower shall fail to select the duration of any Interest Period for any
      Eurodollar Rate Advances in accordance with the provisions contained in the
      definition of "Interest Period" in Section 1.01, the Agent will forthwith
      so notify such Borrower and the Lenders and such Advances will automatically,
      on
      the last day of the then existing Interest Period therefor, be Converted into
      Base Rate Advances.

     

    (d) On
      the
      date on which the aggregate unpaid principal amount of Eurodollar Rate Advances
      comprising any Borrowing shall be reduced, by payment or prepayment or
      otherwise, to less than $10,000,000, such Advances shall automatically Convert
      into Base Rate Advances.

     

    (e) Upon
      the
      occurrence and during the continuance of any Event of Default, (i) each
      Eurodollar Rate Advance will automatically, on the last day of the then existing
      Interest Period therefor, Convert into a Base Rate Advance and (ii) the
      obligation of the Lenders to make, or to Convert Advances into, Eurodollar
      Rate
      Advances shall be suspended.

     

    (f) If
      British Bankers' Association Interest Settlement Rates are unavailable and
      fewer
      than two Reference Banks furnish timely information to the Agent for determining
      the Eurodollar Rate or LIBO Rate for any Eurodollar Rate Advances or LIBO Rate
      Advances, as the case may be,

     

    (i) the
      Agent
      shall forthwith notify the applicable Borrower and the Lenders that the interest
      rate cannot be determined for such Eurodollar Rate Advances or LIBO Rate
      Advances, as the case may be,

     

    (ii) with
      respect to Eurodollar Rate Advances, each such Advance will automatically,
      on
      the last day of the then existing Interest Period therefor, be prepaid by the
      applicable Borrower or be automatically Converted into a Base Rate Advance
      (or
      if such Advance is then a Base Rate Advance, will continue as a Base Rate
      Advance), and

     

    (iii) the
      obligation of the Lenders to make Eurodollar Rate Advances or LIBO Rate Advances
      or to Convert Revolving Credit Advances into Eurodollar Rate Advances shall
      be
      suspended until the Agent shall notify the Company and the Lenders that the
      circumstances causing such suspension no longer exist.

     

    SECTION
      2.10. Optional
      Conversion of Revolving Credit Advances.
      The
      Borrower of any Revolving Credit Advance may on any Business Day, upon notice
      given to the Agent not later than 11:00 A.M. (New York City time) on
      the third Business Day prior to the date of the proposed Conversion and subject
      to the provisions of Sections 2.09 and 2.13, Convert all Revolving Credit
      Advances of one Type comprising the same Borrowing made to such Borrower into
      Revolving Credit Advances of the other Type; provided,
      however,
      that
      any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be
      made
      only on the last day of an Interest Period for such Eurodollar Rate Advances,
      any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be
      in
      an amount not less than the minimum amount specified in Section 2.02(b) and
      no Conversion of any Revolving Credit Advances shall result in more separate
      Revolving Credit Borrowings than permitted under Section 2.02(b). Each such
      notice of a Conversion shall, within the restrictions specified above, specify
      (i) the date of such Conversion, (ii) the Revolving Credit Advances to
      be Converted, and (iii) if such Conversion is into Eurodollar Rate
      Advances, the duration of the initial Interest Period for each such Advance.
      Each notice of Conversion shall be irrevocable and binding on the Borrower
      giving such notice.

     

    SECTION
      2.11. Prepayments
      of Revolving Credit Advances.
      Each
      Borrower may, upon notice at least two Business Days' prior to the date of
      such
      prepayment, in the case of Eurodollar Rate Advances, and not later than 11:00
      A.M. (New York City time) on the date of such prepayment, in the case of Base
      Rate Advances, to the Agent stating the proposed date and aggregate principal
      amount of the prepayment, and if such notice is given such Borrower shall,
      prepay the outstanding principal amount of the Revolving Credit Advances
      comprising part of the same Revolving Credit Borrowing made to such Borrower
      in
      whole or ratably in part, together with accrued interest to the date of such
      prepayment on the principal amount prepaid; provided,
      however,
      that
      (x) each partial prepayment shall be in an aggregate principal amount of
      $10,000,000 or an integral multiple of $1,000,000 in excess thereof and
      (y) in the event of any such prepayment of a Eurodollar Rate Advance, such
      Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant
      to Section 9.04(c).

     

    SECTION
      2.12. Increased
      Costs.
      (a) If,
      due to either (i) the introduction of or any change in or in the
      interpretation of any law or regulation or (ii) the compliance with any
      guideline or request from any central bank or other governmental authority
      (whether or not having the force of law), there shall be any increase in the
      cost to any Lender of agreeing to make or making, funding or maintaining
      Eurodollar Rate Advances or LIBO Rate Advances or agreeing to issue or of
      issuing or maintaining or participating in Letters of Credit (excluding for
      purposes of this Section 2.12 any such increased costs resulting from (i) Taxes
      or Other Taxes (as to which Section 2.15 shall govern) and (ii) changes in
      the
      basis of taxation of overall net income or overall gross income by the United
      States or by the foreign jurisdiction or state under the laws of which such
      Lender is organized or has its Applicable Lending Office or any political
      subdivision thereof), then the Company shall from time to time, upon demand
      by
      such Lender (with a copy of such demand to the Agent), pay to the Agent for
      the
      account of such Lender additional amounts sufficient to compensate such Lender
      for such increased cost. A certificate as to the amount of such increased cost,
      submitted to the Company and the Agent by such Lender, shall be conclusive
      and
      binding for all purposes, absent manifest error.

     

    (b) If
      any
      Lender determines that compliance with any law or regulation or any guideline
      or
      request from any central bank or other governmental authority (whether or not
      having the force of law) affects or would affect the amount of capital required
      or expected to be maintained by such Lender or any corporation controlling
      such
      Lender and that the amount of such capital is increased by or based upon the
      existence of such Lender's commitment to lend or to issue or participate in
      Letters of Credit hereunder and other commitments of this type, then, upon
      demand by such Lender (with a copy of such demand to the Agent), the Company
      shall pay to the Agent for the account of such Lender, from time to time as
      specified by such Lender, additional amounts sufficient to compensate such
      Lender or such corporation in the light of such circumstances, to the extent
      that such Lender reasonably determines such increase in capital to be allocable
      to the existence of such Lender's commitment to lend hereunder. A certificate
      as
      to such amounts submitted to the Company and the Agent by such Lender shall
      be
      conclusive and binding for all purposes, absent manifest error.

     

    SECTION
      2.13. Illegality.
      Notwithstanding any other provision of this Agreement, if any Lender shall
      notify the Agent that the introduction of or any change in or in the
      interpretation of any law or regulation makes it unlawful, or any central bank
      or other governmental authority asserts that it is unlawful, for any Lender
      or
      its Eurodollar Lending Office to perform its obligations hereunder to make
      Eurodollar Rate Advances or to fund or maintain Eurodollar Rate Advances
      hereunder, (a) each Eurodollar Rate Advance will automatically, upon such
      demand, Convert into a Base Rate Advance and (b) the obligation of the
      Lenders to make Eurodollar Rate Advances or LIBO Rate Advances or to Convert
      Revolving Credit Advances into Eurodollar Rate Advances shall be suspended
      until
      the Agent shall notify the Company and the Lenders that the circumstances
      causing such suspension no longer exist.

     

    SECTION
      2.14. Payments
      and Computations.
      (a)
      Each Borrower shall make each payment hereunder, irrespective of any right
      of
      counterclaim or set-off, not later than 1:00 P.M. (New York City time) on the
      day when due to the Agent at the Agent's Account in same day funds. The Agent
      will promptly thereafter cause to be distributed like funds relating to the
      payment of principal or interest, fees or commissions ratably (other than
      amounts payable pursuant to Section 2.03, 2.04(c), 2.05(b)(ii), 2.05(c),
      2.12, 2.15 or 9.04(c)) to the Lenders for the account of their respective
      Applicable Lending Offices, and like funds relating to the payment of any other
      amount payable to any Lender to such Lender for the account of its Applicable
      Lending Office, in each case to be applied in accordance with the terms of
      this
      Agreement. Upon any Assuming Lender becoming a Lender hereunder as a result
      of a
      Commitment Increase pursuant to Section 2.19 or an extension of the Termination
      Date pursuant to Section 2.20, and upon the Agent's receipt of such Lender's
      Assumption Agreement and recording of the information contained therein in
      the
      Register, from and after the applicable Increase Date or Extension Date, as
      the
      case may be, the Agent shall make all payments hereunder and under any Notes
      issued in connection therewith in respect of the interest assumed thereby to
      the
      Assuming Lender. Upon its acceptance of an Assignment and Acceptance and
      recording of the information contained therein in the Register pursuant to
      Section 9.07(c), from and after the effective date specified in such
      Assignment and Acceptance, the Agent shall make all payments hereunder and
      under
      the Notes in respect of the interest assigned thereby to the Lender assignee
      thereunder, and the parties to such Assignment and Acceptance shall make all
      appropriate adjustments in such payments for periods prior to such effective
      date directly between themselves.

     

    (b) All
      computations of interest based on the Base Rate (other than as calculated by
      reference to clause (c) of the definition of Base Rate) shall be made by the
      Agent on the basis of a year of 365 or 366 days, as the case may be, all
      computations of interest based on the Eurodollar Rate, the LIBO Rate or the
      Federal Funds Rate or in respect of Fixed Rate Advances and of fees and Letter
      of Credit commissions shall be made by the Agent on the basis of a year of
      360
      days, in each case for the actual number of days (including the first day but
      excluding the last day) occurring in the period for which such interest or
      facility fees are payable. Each determination by the Agent of an interest rate
      hereunder shall be conclusive and binding for all purposes, absent manifest
      error.

     

    (c) Whenever
      any payment hereunder or under the Notes shall be stated to be due on a day
      other than a Business Day, such payment shall be made on the next succeeding
      Business Day, and such extension of time shall in such case be included in
      the
      computation of payment of interest, fee or commission, as the case may be;
      provided,
      however,
      that,
      if such extension would cause payment of interest on or principal of Eurodollar
      Rate Advances or LIBO Rate Advances to be made in the next following calendar
      month, such payment shall be made on the next preceding Business
      Day.

     

    (d) Unless
      the Agent shall have received notice from any Borrower prior to the date on
      which any payment is due to the Lenders hereunder that such Borrower will not
      make such payment in full, the Agent may assume that such Borrower has made
      such
      payment in full to the Agent on such date and the Agent may, in reliance upon
      such assumption, cause to be distributed to each Lender on such due date an
      amount equal to the amount then due such Lender. If and to the extent such
      Borrower shall not have so made such payment in full to the Agent, each Lender
      shall repay to the Agent forthwith on demand such amount distributed to such
      Lender together with interest thereon, for each day from the date such amount
      is
      distributed to such Lender until the date such Lender repays such amount to
      the
      Agent, at the Federal Funds Rate.

     

    SECTION
      2.15. Taxes.
      (a) Any
      and all payments by each Borrower hereunder or under the Notes shall be made,
      in
      accordance with Section 2.14, free and clear of and without deduction for
      any and all present or future taxes, levies, imposts, deductions, charges or
      withholdings, and all liabilities with respect thereto, excluding, in the case
      of each Lender and the Agent, taxes imposed on its overall net income, and
      franchise taxes imposed on it in lieu of net income taxes, by the jurisdiction
      under the laws of which such Lender or the Agent (as the case may be) is
      organized or any political subdivision thereof and, in the case of each Lender,
      taxes imposed on its overall net income, and franchise taxes imposed on it
      in
      lieu of net income taxes, by the jurisdiction of such Lender's Applicable
      Lending Office or any political subdivision thereof (all such non-excluded
      taxes, levies, imposts, deductions, charges, withholdings and liabilities in
      respect of payments hereunder or under the Notes being hereinafter referred
      to
      as "Taxes").
      If
      any Borrower shall be required by law to deduct any Taxes from or in respect
      of
      any sum payable hereunder or under any Note to any Lender or the Agent,
      (i) the sum payable shall be increased as may be necessary so that after
      making all required deductions (including deductions applicable to additional
      sums payable under this Section 2.15) such Lender or the Agent (as the case
      may be) receives an amount equal to the sum it would have received had no such
      deductions been made, (ii) such Borrower shall make such deductions and
      (iii) such Borrower shall pay the full amount deducted to the relevant
      taxation authority or other authority in accordance with applicable
      law.

     

    (b) In
      addition, the Company shall pay any present or future stamp or documentary
      taxes
      or any other excise or property taxes, charges or similar levies that arise
      from
      any payment made hereunder or under the Notes or from the execution, delivery
      or
      registration of, performing under, or otherwise with respect to, this Agreement
      or the Notes (hereinafter referred to as "Other
      Taxes").

     

    (c) Each
      Borrower shall indemnify each Lender and the Agent for and hold it harmless
      against the full amount of Taxes or Other Taxes (including, without limitation,
      taxes of any kind imposed by any jurisdiction on amounts payable under this
      Section 2.15) imposed on or paid by such Lender or the Agent (as the case
      may be) and any liability (including penalties, interest and expenses) arising
      therefrom or with respect thereto. This indemnification shall be made within
      30
      days from the date such Lender or the Agent (as the case may be) makes written
      demand therefor.

     

    (d) Within
      30
      days after the date of any payment of Taxes, each Borrower shall furnish to
      the
      Agent, at its address referred to in Section 9.02, the original or a
      certified copy of a receipt evidencing such payment. In the case of any payment
      hereunder or under the Notes by or on behalf of such Borrower through an account
      or branch outside the United States or by or on behalf of such Borrower by
      a
      payor that is not a United States person, if such Borrower determines that
      no
      Taxes are payable in respect thereof, such Borrower shall furnish, or shall
      cause such payor to furnish, to the Agent, at such address, an opinion of
      counsel acceptable to the Agent stating that such payment is exempt from Taxes.
      For purposes of this subsection (d) and subsection (e), the terms "United
      States"
      and
      "United
      States person"
      shall
      have the meanings specified in Section 7701 of the Internal Revenue
      Code.

     

    (e) Each
      Lender organized under the laws of a jurisdiction outside the United States,
      on
      or prior to the date of its execution and delivery of this Agreement in the
      case
      of each Initial Lender and on the date of the Assumption Agreement or the
      Assignment and Acceptance pursuant to which it becomes a Lender in the case
      of
      each other Lender, and from time to time thereafter as requested in writing
      by
      the Company (but only so long as such Lender remains lawfully able to do so),
      shall provide each of the Agent and the Company with two original Internal
      Revenue Service forms W-8BEN or W-8ECI, as appropriate, or any successor or
      other form prescribed by the Internal Revenue Service, certifying that such
      Lender is exempt from or entitled to a reduced rate of United States withholding
      tax on payments pursuant to this Agreement or the Notes. If the form provided
      by
      a Lender at the time such Lender first becomes a party to this Agreement
      indicates a United States interest withholding tax rate in excess of zero,
      withholding tax at such rate shall be considered excluded from Taxes unless
      and
      until such Lender provides the appropriate forms certifying that a lesser rate
      applies, whereupon withholding tax at such lesser rate only shall be considered
      excluded from Taxes for periods governed by such form; provided,
      however,
      that,
      if at the date of the Assignment and Acceptance pursuant to which a Lender
      assignee becomes a party to this Agreement, the Lender assignor was entitled
      to
      payments under subsection (a) in respect of United States withholding tax
      with respect to interest paid at such date, then, to such extent, the term
      Taxes
      shall include (in addition to withholding taxes that may be imposed in the
      future or other amounts otherwise includable in Taxes) United States withholding
      tax, if any, applicable with respect to the Lender assignee on such date. If
      any
      form or document referred to in this subsection (e) requires the disclosure
      of information, other than information necessary to compute the tax payable
      and
      information required on the date hereof by Internal Revenue Service
      form W-8BEN or W-8ECI, that the Lender reasonably considers to be
      confidential, the Lender shall give notice thereof to the Company and shall
      not
      be obligated to include in such form or document such confidential
      information.

     

    (f) For
      any
      period with respect to which a Lender has failed to provide the Company with
      the
      appropriate form described in Section 2.15(e) (other than if such failure
      is due to a change in law occurring subsequent to the date on which a form
      originally was required to be provided, or if such form otherwise is not
      required under subsection (e) above), such Lender shall not be entitled to
      indemnification under Section 2.15(a) or (c) with respect to Taxes imposed
      by the United States by reason of such failure; provided,
      however,
      that
      should a Lender become subject to Taxes because of its failure to deliver a
      form
      required hereunder, the Company shall take such steps as the Lender shall
      reasonably request to assist the Lender to recover such Taxes.

     

    (g) Any
      Lender claiming any additional amounts payable pursuant to this
      Section 2.15 agrees to use reasonable efforts (consistent with its internal
      policy and legal and regulatory restrictions) to change the jurisdiction of
      its
      Eurodollar Lending Office if the making of such a change would avoid the need
      for, or reduce the amount of, any such additional amounts that may thereafter
      accrue and would not, in the reasonable judgment of such Lender, be otherwise
      disadvantageous to such Lender.

     

    SECTION
      2.16. Sharing
      of Payments, Etc.
      If any
      Lender shall obtain any payment (whether voluntary, involuntary, through the
      exercise of any right of set-off, or otherwise) on account of the Revolving
      Credit Advances owing to it (other than pursuant to Section 2.04(c), 2.12,
      2.15 or 9.04(c)) in excess of its Ratable Share of payments on account of the
      Revolving Credit Advances obtained by all the Lenders, such Lender shall
      forthwith purchase from the other Lenders such participations in the Revolving
      Credit Advances owing to them as shall be necessary to cause such purchasing
      Lender to share the excess payment ratably with each of them; provided,
      however,
      that if
      all or any portion of such excess payment is thereafter recovered from such
      purchasing Lender, such purchase from each Lender shall be rescinded and such
      Lender shall repay to the purchasing Lender the purchase price to the extent
      of
      such recovery together with an amount equal to such Lender's ratable share
      (according to the proportion of (i) the amount of such Lender's required
      repayment to (ii) the total amount so recovered from the purchasing Lender)
      of any interest or other amount paid or payable by the purchasing Lender in
      respect of the total amount so recovered. Each Borrower agrees that any Lender
      so purchasing a participation from another Lender pursuant to this
      Section 2.16 may, to the fullest extent permitted by law, exercise all its
      rights of payment (including the right of set-off) with respect to such
      participation as fully as if such Lender were the direct creditor of such
      Borrower in the amount of such participation.

     

    SECTION
      2.17. Evidence
      of Debt.
      (a)
      Each Lender shall maintain in accordance with its usual practice an account
      or
      accounts evidencing the indebtedness of each Borrower to such Lender resulting
      from each Revolving Credit Advance owing to such Lender from time to time,
      including the amounts of principal and interest payable and paid to such Lender
      from time to time hereunder in respect of Revolving Credit Advances. Each
      Borrower agrees that upon notice by any Lender to such Borrower (with a copy
      of
      such notice to the Agent) to the effect that a Revolving Credit Note is required
      or appropriate in order for such Lender to evidence (whether for purposes of
      pledge, enforcement or otherwise) the Revolving Credit Advances owing to, or
      to
      be made by, such Lender, such Borrower shall promptly execute and deliver to
      such Lender a Revolving Credit Note payable to the order of such Lender in
      a
      principal amount up to the Revolving Credit Commitment of such
      Lender.

     

    (b) The
      Register maintained by the Agent pursuant to Section 9.07(d) shall include
      a
      control account, and a subsidiary account for each Lender, in which accounts
      (taken together) shall be recorded (i) the date and amount of each Borrowing
      made hereunder, the Type of Advances comprising such Borrowing and, if
      appropriate, the Interest Period applicable thereto, (ii) the terms of each
      Assumption Agreement and each Assignment and Acceptance delivered to and
      accepted by it, (iii) the amount of any principal or interest due and payable
      or
      to become due and payable from each Borrower to each Lender hereunder and (iv)
      the amount of any sum received by the Agent from such Borrower hereunder and
      each Lender's share thereof.

     

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

     

    SECTION
      2.18. Use
      of
      Proceeds.
      The
      proceeds of the Advances shall be available (and each Borrower agrees that
      it
      shall use such proceeds) solely for general corporate purposes of the Company
      and its Subsidiaries, including without limitation liquidity support for
      commercial paper and acquisitions.

     

    SECTION
      2.19. Increase
      in the Aggregate Commitments.
      (a) The
      Company may, at any time but in any event not more than once in any calendar
      year prior to the Termination Date, by notice to the Agent, request that the
      aggregate amount of the Commitment be increased by an amount of $50,000,000
      or
      an integral multiple of $50,000,000 in excess thereof (each a "Commitment
      Increase")
      to be
      effective as of a date that is at least 90 days prior to the scheduled
      Termination Date then in effect (the "Increase
      Date")
      as
      specified in the related notice to the Agent; provided,
      however
      that (i)
      in no event shall the aggregate amount of the Commitments at any time exceed
      $1,000,000,000 and (ii) on the date of any request by the Company for a
      Commitment Increase and on the related Increase Date, the applicable conditions
      set forth in Article III shall be satisfied.

     

    (b) The
      Agent
      shall promptly notify the Lenders of a request by the Company for a Commitment
      Increase, which notice shall include (i) the proposed amount of such requested
      Commitment Increase, (ii) the proposed Increase Date and (iii) the date by
      which
      Lenders wishing to participate in the Commitment Increase must commit to an
      increase in the amount of their respective Commitments (the "Commitment
      Date").
      Each
      Lender that is willing to participate in such requested Commitment Increase
      (each an "Increasing
      Lender")
      shall,
      in its sole discretion, give written notice to the Agent on or prior to the
      Commitment Date of the amount by which it is willing to increase its Commitment.
      If the Lenders notify the Agent that they are willing to increase the amount
      of
      their respective Commitments by an aggregate amount that exceeds the amount
      of
      the requested Commitment Increase, the requested Commitment Increase shall
      be
      allocated among the Lenders willing to participate therein in such amounts
      ratably.

     

    (c) Promptly
      following each Commitment Date, the Agent shall notify the Company as to the
      amount, if any, by which the Lenders are willing to participate in the requested
      Commitment Increase. If the aggregate amount by which the Lenders are willing
      to
      participate in any requested Commitment Increase on any such Commitment Date
      is
      less than the requested Commitment Increase, then the Company may extend offers
      to one or more Eligible Assignees to participate in any portion of the requested
      Commitment Increase that has not been committed to by the Lenders as of the
      applicable Commitment Date; provided,
      however,
      that
      the Commitment of each such Eligible Assignee shall be in a minimum amount
      of
      $10,000,000.

     

    (d) On
      each
      Increase Date, each Eligible Assignee that accepts an offer to participate
      in a
      requested Commitment Increase in accordance with Section 2.19(b) (each such
      Eligible Assignee, an "Assuming
      Lender")
      shall
      become a Lender party to this Agreement as of such Increase Date and the
      Commitment of each Increasing Lender for such requested Commitment Increase
      shall be so increased by such amount (or by the amount allocated to such Lender
      pursuant to the last sentence of Section 2.19(b)) as of such Increase Date;
      provided,
      however,
      that
      the Agent shall have received on or before such Increase Date the following,
      each dated such date:

     

    (i) (A)
      certified copies of resolutions of the Board of Directors of the Company or
      the
      Executive Committee of such Board approving the Commitment Increase and the
      corresponding modifications to this Agreement and (B) an opinion of counsel
      for
      the Company (which may be in-house counsel), in substantially the form of
      Exhibit D hereto;

     

    (ii) an
      assumption agreement from each Assuming Lender, if any, in form and substance
      satisfactory to the Company and the Agent (each an "Assumption
      Agreement"),
      duly
      executed by such Eligible Assignee, the Agent and the Company; and

     

    (iii) confirmation
      from each Increasing Lender of the increase in the amount of its Commitment
      in a
      writing satisfactory to the Company and the Agent.

     

    On
      each
      Increase Date, upon fulfillment of the conditions set forth in the immediately
      preceding sentence of this Section 2.19(d), the Agent shall notify the Lenders
      (including, without limitation, each Assuming Lender) and the Company, on or
      before 1:00 P.M. (New York City time), by telecopier, of the occurrence of
      the
      Commitment Increase to be effected on such Increase Date and shall record in
      the
      Register the relevant information with respect to each Increasing Lender and
      each Assuming Lender on such date.

     

    SECTION
      2.20. Extension
      of Termination Date.
      (a) At
      least 45 days but not more than 60 days prior to the first or second anniversary
      (or both) of the Effective Date (such anniversary being an “Extension
      Date”),
      the
      Company, by written notice to the Agent, may request an extension of the
      Termination Date in effect at such time by one year from its then scheduled
      expiration. The Agent shall promptly notify each Lender of such request, and
      each Lender shall in turn, in its sole discretion, not later than 20 days prior
      to the Extension Date, notify the Company and the Agent in writing as to whether
      such Lender will consent to such extension. If any Lender shall fail to notify
      the Agent and the Company in writing of its consent to any such request for
      extension of the Termination Date at least 20 days prior to the Extension Date,
      such Lender shall be deemed to be a Non-Consenting Lender with respect to such
      request. The Agent shall notify the Company not later than 15 days prior to
      the
      Extension Date of the decision of the Lenders regarding the Company's request
      for an extension of the Termination Date.

     

    (b) If
      all
      the Lenders consent in writing to any such request in accordance with subsection
      (a) of this Section 2.20, the Termination Date in effect at such time shall,
      effective as at the Extension Date, be extended for one year; provided
      that on
      each Extension Date the applicable conditions set forth in Article III shall
      be
      satisfied. If less than all of the Lenders consent in writing to any such
      request in accordance with subsection (a) of this Section 2.20, the Termination
      Date in effect at such time shall, effective as at the applicable Extension
      Date
      and subject to subsection (d) of this Section 2.20, be extended as to those
      Lenders that so consented (each a "Consenting
      Lender")
      but
      shall not be extended as to any other Lender (each a "Non-Consenting
      Lender").
      To
      the extent that the Termination Date is not extended as to any Lender pursuant
      to this Section 2.20 and the Commitment of such Lender is not assumed in
      accordance with subsection (c) of this Section 2.20 on or prior to the
      applicable Extension Date, the Commitment of such Non-Consenting Lender shall
      automatically terminate in whole on such unextended Termination Date without
      any
      further notice or other action by the Company, such Lender or any other Person;
      provided
      that
      such Non-Consenting Lender's rights under Sections 2.12, 2.15 and 9.04, and
      its
      obligations under Section 8.05, shall survive the Termination Date for such
      Lender as to matters occurring prior to such date. It is understood and agreed
      that no Lender shall have any obligation whatsoever to agree to any request
      made
      by the Company for any requested extension of the Termination Date.

     

    (c) If
      less
      than all of the Lenders consent to any such request pursuant to subsection
      (a)
      of this Section 2.20, the Agent shall promptly so notify the Consenting Lenders,
      and each Consenting Lender may, in its sole discretion, give written notice
      to
      the Agent not later than 10 days prior to the Extension Date of the amount
      of
      the Non-Consenting Lenders' Commitments for which it is willing to accept an
      assignment. If the Consenting Lenders notify the Agent that they are willing
      to
      accept assignments of Commitments in an aggregate amount that exceeds the amount
      of the Commitments of the Non-Consenting Lenders, such Commitments shall be
      allocated among the Consenting Lenders willing to accept such assignments in
      such amounts as are agreed between the Company and the Agent effective as of
      the
      Extension Date. If after giving effect to the assignments of Commitments
      described above there remains any Commitments of Non-Consenting Lenders, the
      Company may arrange for one or more Consenting Lenders or Assuming Lenders
      to
      assume, effective as of the Extension Date, any Non-Consenting Lender's
      Commitment and all of the obligations of such Non-Consenting Lender under this
      Agreement thereafter arising, without recourse to or warranty by, or expense
      to,
      such Non-Consenting Lender; provided,
      however,
      that
      the amount of the Commitment of any such Assuming Lender as a result of such
      substitution shall in no event be less than $25,000,000 unless the amount of
      the
      Commitment of such Non-Consenting Lender is less than $25,000,000, in which
      case
      such Assuming Lender shall assume all of such lesser amount; and provided further
      that:

     

    (i) any
      such
      Consenting Lender or Assuming Lender shall have paid to such Non-Consenting
      Lender (A) the aggregate principal amount of, and any interest accrued and
      unpaid to the effective date of the assignment on, the outstanding Advances,
      if
      any, of such Non-Consenting Lender plus
      (B) any
      accrued but unpaid facility fees owing to such Non-Consenting Lender as of
      the
      effective date of such assignment;

     

    (ii) all
      additional costs reimbursements, expense reimbursements and indemnities payable
      to such Non-Consenting Lender, and all other accrued and unpaid amounts owing
      to
      such Non-Consenting Lender hereunder, as of the effective date of such
      assignment shall have been paid to such Non-Consenting Lender; and

     

    (iii) with
      respect to any such Assuming Lender, the applicable processing and recordation
      fee required under Section 9.07(a) for such assignment shall have been
      paid;

     

    provided further
      that
      such Non-Consenting Lender's rights under Sections 2.12, 2.15 and 9.04, and
      its
      obligations under Section 8.05, shall survive such substitution as to matters
      occurring prior to the date of substitution. At least three Business Days prior
      to any Extension Date, (A) each such Assuming Lender, if any, shall have
      delivered to the Company and the Agent an Assumption Agreement, duly executed
      by
      such Assuming Lender, such Non-Consenting Lender, the Company and the Agent,
      (B)
      any such Consenting Lender shall have delivered confirmation in writing
      satisfactory to the Company and the Agent as to the increase in the amount
      of
      its Commitment and (C) each Non-Consenting Lender being replaced pursuant to
      this Section 2.20 shall have delivered to the Agent any Note or Notes held
      by
      such Non-Consenting Lender. Upon the payment or prepayment of all amounts
      referred to in clauses (i), (ii) and (iii) of the immediately preceding
      sentence, each such Consenting Lender or Assuming Lender, as of the Extension
      Date, will be substituted for such Non-Consenting Lender under this Agreement
      and shall be a Lender for all purposes of this Agreement, without any further
      acknowledgment by or the consent of the other Lenders, and the obligations
      of
      each such Non-Consenting Lender hereunder shall, by the provisions hereof,
      be
      released and discharged.

     

    (d) If
      (after
      giving effect to any assignments or assumptions pursuant to subsection (c)
      of
      this Section 2.20) Lenders having Commitments equal to at least 50% of the
      Commitments in effect immediately prior to the Extension Date consent in writing
      to a requested extension (whether by execution or delivery of an Assumption
      Agreement or otherwise) not later than one Business Day prior to such Extension
      Date, the Agent shall so notify the Company, and, subject to the satisfaction
      of
      the applicable conditions in Article III, the Termination Date then in effect
      shall be extended for the additional one-year period as described in subsection
      (a) of this Section 2.20, and all references in this Agreement, and in the
      Notes, if any, to the "Termination
      Date"
      shall,
      with respect to each Consenting Lender and each Assuming Lender for such
      Extension Date, refer to the Termination Date as so extended. Promptly following
      each Extension Date, the Agent shall notify the Lenders (including, without
      limitation, each Assuming Lender) of the extension of the scheduled Termination
      Date in effect immediately prior thereto and shall thereupon record in the
      Register the relevant information with respect to each such Consenting Lender
      and each such Assuming Lender.

     

    ARTICLE
      III

     

    CONDITIONS
      TO EFFECTIVENESS AND LENDING

     

    SECTION
      3.01. Conditions
      Precedent to Effectiveness of Sections 2.01 and 2.03.
      Sections 2.01 and 2.03 of this Agreement shall become effective on and as
      of the first date (the "Restatement
      Date")
      on
      which the following conditions precedent have been satisfied:

     

    (a) There
      shall have occurred no material adverse change in the operations or condition
      (financial or otherwise) of the Company and its Subsidiaries, taken as a whole,
      since December 31, 2005.

     

    (b) There
      shall exist no action, suit, investigation, litigation or proceeding affecting
      the Company or any of its Subsidiaries pending or threatened before any court,
      governmental agency or arbitrator that (i) would be reasonably likely to
      have a Material Adverse Effect other than the matters described on
      Schedule 4.01(d) hereto (the "Disclosed
      Litigation")
      or
      (ii) purports to affect the legality, validity or enforceability of this
      Agreement or any Note or the consummation of the transactions contemplated
      hereby, and there shall have been no material adverse change in the status,
      or
      financial effect on the Company or any of its Subsidiaries, of the Disclosed
      Litigation from that described on Schedule 3.01(b) hereto.

     

    (c) Nothing
      shall have come to the attention of the Lenders during the course of their
      due
      diligence investigation to lead them to believe that the Information Memorandum
      was or has become misleading, incorrect or incomplete in any material respect;
      without limiting the generality of the foregoing, the Lenders shall have been
      given such access to the management, records, books of account, contracts and
      properties of the Company and its Subsidiaries as they shall have
      requested.

     

    (d) All
      governmental and third party consents and approvals necessary in connection
      with
      the transactions contemplated hereby shall have been obtained (without the
      imposition of any conditions that are not acceptable to the Lenders) and shall
      remain in effect, and no law or regulation shall be applicable in the reasonable
      judgment of the Lenders that restrains, prevents or imposes materially adverse
      conditions upon the transactions contemplated hereby.

     

    (e) The
      Company shall have notified the Agent in writing as to the proposed Restatement
      Date.

     

    (f) The
      Company shall have paid all reasonable accrued fees and expenses of the Agent
      and the Lenders (including the reasonable accrued fees and expenses of counsel
      to the Agent).

     

    (g) On
      the
      Restatement Date, the following statements shall be true and the Agent shall
      have received for the account of each Lender a certificate signed by a duly
      authorized officer of the Company, dated the Restatement Date, stating
      that:

     

    (i) The
      representations and warranties contained in Section 4.01 are correct on and
      as of the Restatement Date, and

     

    (ii) No
      event
      has occurred and is continuing that constitutes a Default.

     

    (h) The
      Agent
      shall have received on or before the Restatement Date the following, each dated
      such day, in form and substance satisfactory to the Agent and (except for the
      Revolving Credit Notes) in sufficient copies for each Lender:

     

    (i) The
      Revolving Credit Notes to the order of the Lenders to the extent requested
      by
      any Lender pursuant to Section 2.17.

     

    (ii) Certified
      copies of the resolutions of the Board of Directors of the Company approving
      this Agreement and the Notes, and of all documents evidencing other necessary
      corporate action and governmental approvals, if any, with respect to this
      Agreement and the Notes.

     

    (iii) A
      certificate of the Secretary or an Assistant Secretary of the Company certifying
      the names and true signatures of the officers of the Company authorized to
      sign
      this Agreement and the Notes and the other documents to be delivered
      hereunder.

     

    (iv) A
      favorable opinion of David Cotey, Assistant General Counsel for the Company,
      substantially in the form of Exhibit D hereto and as to such other matters
      as any Lender through the Agent may reasonably request.

     

    (v) A
      favorable opinion of Shearman & Sterling LLP, counsel for the Agent, in form
      and substance satisfactory to the Agent.

     

    SECTION
      3.02. Initial
      Advance to Each Designated Subsidiary.
      The
      obligation of each Lender to make an initial Advance to each Designated
      Subsidiary is subject to the receipt by the Agent on or before the date of
      such
      initial Advance of each of the following, in form and substance reasonably
      satisfactory to the Agent and dated such date, and (except for the Revolving
      Credit Notes) in sufficient copies for each Lender:

     

    (a) The
      Revolving Credit Notes of such Designated Subsidiary to the order of the Lenders
      to the extent requested by any Lender pursuant to Section 2.17.

     

    (b) Certified
      copies of the resolutions of the Board of Directors of such Designated
      Subsidiary (with a certified English translation if the original thereof is
      not
      in English) approving this Agreement and the Notes to be delivered by it, and
      of
      all documents evidencing other necessary corporate action and governmental
      approvals, if any, with respect to this Agreement.

     

    (c) A
      certificate of a proper officer of such Designated Subsidiary certifying the
      names and true signatures of the officers of such Designated Subsidiary
      authorized to sign its Designation Agreement and the Notes to be delivered
      by it
      and the other documents to be delivered by it hereunder.

     

    (d) A
      certificate signed by a duly authorized officer of the Company, certifying
      that
      such Designated Subsidiary has obtained all governmental and third party
      authorizations, consents, approvals (including exchange control approvals)
      and
      licenses required under applicable laws and regulations necessary for such
      Designated Subsidiary to execute and deliver its Designation Agreement and
      the
      Notes to be delivered by it and to perform its obligations hereunder and
      thereunder.

     

    (e) A
      Designation Agreement duly executed by such Designated Subsidiary and the
      Company.

     

    (f) Favorable
      opinions of counsel (which may be in-house counsel) to such Designated
      Subsidiary substantially in the form of Exhibit D hereto, and as to such other
      matters as any Lender through the Agent may request.

     

    (g) Such
      other approvals, opinions or documents as any Lender, through the Agent may
      reasonably request.

     

    SECTION
      3.03. Conditions
      Precedent to Each Revolving Credit Borrowing, Issuance, Increase Date and
      Commitment Extension.
      The
      obligation of each Lender to make a Revolving Credit Advance (other than a
      Revolving Credit Advance made by any Issuing Bank or any Lender pursuant to
      Section 2.04(c)) on the occasion of each Revolving Credit Borrowing, the
      obligation of each Issuing Bank to issue a Letter of Credit (or to amend an
      existing Letter of Credit to increase the Available Amount thereof), each
      Commitment Increase and each extension of Commitments pursuant to Section 2.20
      shall be subject to the conditions precedent that the Restatement Date shall
      have occurred and on the date of such Revolving Credit Borrowing, such issuance
      (or amendment to increase Available Amount), the applicable Increase Date or
      the
      applicable Extension Date (a) the following statements shall be true (and
      each of the giving of the applicable Notice of Revolving Credit Borrowing,
      Notice of Issuance, request for amendment to increase Available Amount, request
      for Commitment Increase, request for Commitment extension and the acceptance
      by
      any Borrower of the proceeds of such Revolving Credit Borrowing or Letter of
      Credit shall constitute a representation and warranty by such Borrower and
      the
      Company that on the date of such Borrowing, date of such issuance (or amendment
      to increase Available Amount), such Increase Date or such Extension Date such
      statements are true):

     

    (i) the
      representations and warranties contained in Section 4.01 (except, in the
      case of Revolving Credit Borrowings, the representations set forth in
      subsections (d), (f) and (m) thereof) and, in the case of any Revolving Credit
      Borrowing made to a Designated Subsidiary, in the Designation Agreement for
      such
      Designated Subsidiary, are correct on and as of such date, before and after
      giving effect to such Revolving Credit Borrowing or issuance (or amendment
      to
      increase Available Amount) and to the application of the proceeds therefrom
      or
      such Increase Date or Extension Date, as though made on and as of such date,
      and

     

    (ii) no
      event
      has occurred and is continuing, or would result from such Revolving Credit
      Borrowing or issuance (or amendment to increase Available Amount) or to the
      application of the proceeds therefrom or such Increase Date or Extension Date,
      that constitutes a Default;

     

    and
      (b) the Agent shall have received such other approvals, opinions or
      documents as any Lender through the Agent may reasonably request.

     

    SECTION
      3.04. Conditions
      Precedent to Each Competitive Bid Borrowing.
      The
      obligation of each Lender that is to make a Competitive Bid Advance on the
      occasion of a Competitive Bid Borrowing to make such Competitive Bid Advance
      as
      part of such Competitive Bid Borrowing is subject to the conditions precedent
      that (i) the Agent shall have received the written confirmatory Notice of
      Competitive Bid Borrowing with respect thereto, (ii) on or before the date
      of such Competitive Bid Borrowing, but prior to such Competitive Bid Borrowing,
      the Agent shall have received a Competitive Bid Note payable to the order of
      such Lender for each of the one or more Competitive Bid Advances to be made
      by
      such Lender as part of such Competitive Bid Borrowing, in a principal amount
      equal to the principal amount of the Competitive Bid Advance to be evidenced
      thereby and otherwise on such terms as were agreed to for such Competitive
      Bid
      Advance in accordance with Section 2.03, and (iii) on the date of such
      Competitive Bid Borrowing the following statements shall be true (and each
      of
      the giving of the applicable Notice of Competitive Bid Borrowing and the
      acceptance by the Borrower requesting such Competitive Bid Borrowing of the
      proceeds of such Competitive Bid Borrowing shall constitute a representation
      and
      warranty by such Borrower and the Company that on the date of such Competitive
      Bid Borrowing such statements are true):

     

    (a) the
      representations and warranties contained in Section 4.01 (except the
      representations set forth in subsections (d), (f) and (m) thereof) and, in
      the
      case of any Competitive Bid Borrowing made to a Designated Subsidiary, in the
      Designation Agreement for such Designated Subsidiary, are correct on and as
      of
      the date of such Competitive Bid Borrowing, before and after giving effect
      to
      such Competitive Bid Borrowing and to the application of the proceeds therefrom,
      as though made on and as of such date, and

     

    (b) no
      event
      has occurred and is continuing, or would result from such Competitive Bid
      Borrowing or from the application of the proceeds therefrom, that constitutes
      a
      Default.

     

    SECTION
      3.05. Determinations
      Under Section 3.01.
      For
      purposes of determining compliance with the conditions specified in
      Section 3.01, each Lender 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
      the Lenders unless an officer of the Agent responsible for the transactions
      contemplated by this Agreement shall have received notice from such Lender
      prior
      to the date that the Company, by notice to the Agent, designates as the proposed
      Restatement Date or the date of the initial Advance to the applicable Designated
      Subsidiary, as the case may be, specifying its objection thereto. The Agent
      shall promptly notify the Lenders of the occurrence of the Restatement Date
      and
      each date of initial Advance to a Designated Subsidiary, as
      applicable.

     

    ARTICLE
      IV

     

    REPRESENTATIONS
      AND WARRANTIES

     

    SECTION
      4.01. Representations
      and Warranties of the Company.
      The
      Company represents and warrants as follows:

     

    (a) Corporate
      Status.
      The
      Company and each Domestic Subsidiary (i) is a duly organized and validly
      existing corporation in good standing under the laws of the jurisdiction of
      its
      incorporation, (ii) has the corporate power and authority to own its property
      and assets and to transact the business in which it is engaged or presently
      proposes to engage and (iii) has duly qualified and is authorized to do business
      and is in good standing as a foreign corporation in every jurisdiction (other
      than the jurisdiction of its incorporation) in which it owns or leases real
      property or in which the nature of its business requires it to be so qualified,
      except where the failure to so qualify, individually or in the aggregate, may
      not reasonably be expected to have a Material Adverse Effect. Schedule 4.01(a)
      identifies all of the Company's Material Subsidiaries, Domestic Subsidiaries
      and
      Principal Subsidiaries as of the Restatement Date and the principal type of
      business of each such Subsidiary.

     

    (b) Corporate
      Power and Authority.
      The
      Company has the corporate power and authority to execute, deliver and carry
      out
      the terms and provisions of this Agreement and the Notes and has taken all
      necessary corporate action to authorize the execution, delivery and performance
      by the Company of such Agreement and Notes. The Company has duly executed and
      delivered this Agreement, and this Agreement and each Note constitutes, its
      legal, valid and binding obligation, enforceable in accordance with its terms,
      except as enforcement thereof may be subject to (i) the effect of any applicable
      bankruptcy, insolvency, reorganization, moratorium or similar law affecting
      creditors' rights generally and (ii) general principles of equity (regardless
      of
      whether such enforcement is sought in a proceeding in equity or at
      law).

     

    (c) No
      Violation.
      Neither
      the execution, delivery or performance by the Company of this Agreement and
      the
      Notes, nor compliance by it with the terms and provisions thereof nor the
      consummation of the financing transactions contemplated thereby, (i) will
      contravene any applicable provision of any law, statute, rule, regulation,
      order, writ, injunction or decree of any court or governmental instrumentality,
      (ii) will conflict or be inconsistent with or result in any breach of, any
      of
      the terms, covenants, conditions or provisions of, or constitute a default
      under, or result in the creation or imposition of (or the obligation to create
      or impose) any Lien upon any of the property or assets of the Company or any
      of
      its Subsidiaries pursuant to the terms of any indenture, mortgage, deed of
      trust, agreement or other instrument to which the Company or any of its
      Subsidiaries is a party or by which it or any of its property or assets is
      bound
      or to which it may be subject or (iii) will violate any provision of the
      Certificate of Incorporation or By-Laws of the Company.

     

    (d) Litigation.
      Except
      as set forth in Schedule 4.01(d), there are no actions, suits or proceedings,
      or
      any governmental investigation or any arbitration, in each case pending or,
      to
      the knowledge of the Company, threatened which, individually or in the
      aggregate, may reasonably be expected to result in a Material Adverse Effect
      and
      no material adverse change has occurred with respect to any of the matters
      set
      forth in Schedule 4.01(d).

     

    (e) Financial
      Statements; Financial Condition; etc.
      The
      audited consolidated financial statements of the Company and its Consolidated
      Subsidiaries as at December 31, 2005, heretofore delivered to the Lenders were
      prepared in accordance with generally accepted accounting principles
      consistently applied and fairly present the consolidated financial condition
      and
      the results of operations of the entities covered thereby on the date and for
      the period covered thereby, except as disclosed in the notes
      thereto.

     

    (f) Material
      Adverse Change.
      Since
      December 31, 2005, there has not occurred and there does not exist any event,
      act, condition or liability which has had, or may reasonably be expected to
      have, a Material Adverse Effect.

     

    (g) Use
      of
      Proceeds; Margin Regulations.
      All
      proceeds of each Advance will be used by the Company only in accordance with
      the
      provisions of Section 2.18. Neither the making of any Advance nor the use of
      the
      proceeds thereof will violate or be inconsistent with the provisions of
      Regulations U or X.

     

    (h) Governmental
      Approvals.
      No
      order, consent, approval, license, authorization, or validation of, or filing,
      recording or registration with, or exemption by, any governmental or public
      body
      or authority, or any subdivision thereof, is required for the due execution,
      delivery and performance of this Agreement or the Notes or the consummation
      of
      any of the transactions contemplated thereby.

     

    (i) Tax
      Returns and Payments.
      The
      Company and each of its Subsidiaries has filed all tax returns required to
      be
      filed by it and has paid all taxes shown on such returns and assessments payable
      by it which have become due, other than those not yet delinquent or those that
      are in the aggregate adequately reserved against in accordance with generally
      accepted accounting principles which are being diligently contested in good
      faith by appropriate proceedings. Except as set forth in Schedule 4.01(i),
      there
      are and will be no tax-sharing or similar arrangements between the Company
      and
      any of its Subsidiaries.

     

    (j) ERISA.
      The
      Company and each member of the ERISA Controlled Group have fulfilled their
      obligations under the minimum funding standards of ERISA and the Code with
      respect to each Plan and are in compliance in all material respects with the
      presently applicable provisions of ERISA and the Code with respect to each
      Plan.
      No such Person has (A) sought a waiver of the minimum funding standard under
      Section 412 of the Code in respect of any Plan, (B) failed to make any
      contribution or payment to any Plan or Multiemployer Plan, or made any amendment
      to any Plan, which has resulted or could result in the imposition of a Lien
      or
      the posting of a bond or other security under ERISA or the Code that is (1)
      in
      excess of $5,000,000 and (2) not discharged within 30 days of such failure
      to
      pay, or (C) incurred any liability, where the liability would result in a
      Material Adverse Effect, under Title IV of ERISA (other than a liability to
      the
      PBGC for premiums under Section 4007 or ERISA).

     

    (k) Investment
      Company Act.
      Neither
      the Company nor any of its Subsidiaries is (i) an "investment company" or a
      company "controlled" by an "investment company," within the meaning of the
      Investment Company Act of 1940, as amended, (ii) a "holding company" or a
      "subsidiary company" of a "holding company" or an "affiliate" of either a
      "holding company" or (ii) subject to any other federal or state law or
      regulation which purports to restrict or regulate its ability to borrow
      money.

     

    (l) True
      and Complete Disclosure.
      All
      factual information (taken as a whole) furnished by or on behalf of the Company
      by a Responsible Officer in writing to the Agent or any Lender on or prior
      to
      the Restatement Date, for purposes of or in connection with this Agreement
      or
      any of the transactions contemplated hereby is, and all other such factual
      information (taken as a whole) hereafter furnished by or on behalf of the
      Company by a Responsible Officer in writing to the Agent or any Lender will
      be,
      true and accurate in all material respects on the date as of which such
      information is dated or furnished and not incomplete by knowingly omitting
      to
      state any material fact necessary to make such information (taken as a whole)
      not misleading at such time. As of the Restatement Date, there are no facts,
      events, conditions or liabilities known to the Company which, individually
      or in
      the aggregate, have or may reasonably be expected to have a Material Adverse
      Effect.

     

    (m) Environmental
      Matters.
      (i)
      Except as set forth in Schedule 4.01(m), (A) each of the Company, each of its
      Affiliates and, to the best of the Company's actual knowledge, each of its
      other
      Environmental Affiliates are in compliance with all applicable Environmental
      Laws except where noncompliance, individually or in the aggregate, may not
      reasonably be expected to have a Material Adverse Effect, (B) each of the
      Company, each of its Affiliates, and, to the best of the Company's actual
      knowledge, each of its other Environmental Affiliates has all Environmental
      Approvals required to operate its business as presently conducted or as
      reasonably anticipated to be conducted except where the failure to obtain any
      such Environmental Approval, individually or in the aggregate, may not
      reasonably be expected to have a Material Adverse Effect, (C) neither the
      Company, any of its Affiliates, nor, to the best of the Company's actual
      knowledge, any of its other Environmental Affiliates has received any written
      communication, whether from a governmental authority, citizens group, employee
      or otherwise, that alleges that the Company, such Affiliate or such
      Environmental Affiliate is not in full compliance with all Environmental Laws
      and where such noncompliance, individually or in the aggregate, may reasonably
      be expected to have a Material Adverse Effect, and (D) to the best of the
      Company's actual knowledge, there are no circumstances that may prevent or
      interfere with such full compliance in the future except where such
      noncompliance, individually or in the aggregate, may not reasonably be expected
      to have a Material Adverse Effect.

     

    (ii) Except
      as
      set forth in Schedule 4.01(d), there is no Environmental Claim pending or
      threatened against the Company, any of its Affiliates or, to the best of the
      Company's actual knowledge, its other Environmental Affiliates, which,
      individually or in the aggregate, may reasonably be expected to have a Material
      Adverse Effect.

     

    (iii) Except
      as
      set forth in Schedule 4.01(m), there are no past or present actions, activities,
      circumstances, conditions, events or incidents, including, without limitation,
      the release, emission, discharge or disposal of any Material of Environmental
      Concern, that could form the basis of any Environmental Claims against the
      Company, any of its Affiliates or, to the best of the Company's actual
      knowledge, any of its other Environmental Affiliates, which Environmental
      Claims, individually or in the aggregate, may reasonably be expected to have
      a
      Material Adverse Effect.

     

    (iv) Without
      in any way limiting the generality of the foregoing, except as disclosed in
      Schedule 4.01(m), (A) there are no on-site or off-site locations in which the
      Company, any of its Affiliates or, to the best of the Company's actual
      knowledge, any of its other Environmental Affiliates has stored, disposed or
      arranged for the disposal of Materials of Environmental Concern, (B) there
      are
      no underground storage tanks located on property owned or leased by the Company,
      any of its Affiliates or, to the best of the Company's actual knowledge, any
      of
      its other Environmental Affiliates, (C) there is no asbestos contained in or
      forming part of any building, building component, structure or office space
      owned or leased by the Company, any of its Affiliates or, to the best of the
      Company's actual knowledge, any of its other Environmental Affiliates, and
      (D)
      no polychlorinated biphenyls (PCBs) are used or stored at any property owned
      or
      leased by the Company, any of its Affiliates or, to the best of the Company's
      actual knowledge, any of
      its
      other Environmental Affiliates, in each case the consequences of which may
      reasonably be expected to have a Material Adverse Effect.

     

    (v) For
      purposes of this Section 4.01(m), "actual" knowledge means knowledge of a
      Responsible Officer.

     

    (n) Ownership
      of Property.
      The
      Company and each of its Subsidiaries has good and marketable fee simple title
      to
      or valid leasehold interests in all of the real property owned or leased by
      the
      Company or such Subsidiary and good title to all of their personal property,
      except where the failure to hold such title or leasehold interests, individually
      or in the aggregate, may not reasonably be expected to have a Material Adverse
      Effect. The personal and real property owned by the Company and its Subsidiaries
      is not subject to any Lien of any kind except Liens permitted hereby. The
      Company and its Subsidiaries enjoy peaceful and undisturbed possession under
      all
      of their respective leases except where the failure to enjoy such peaceful
      and
      undisturbed possession, individually or in the aggregate, may not reasonably
      be
      expected to have a Material Adverse Effect.

     

    (o) No
      Default.
      The
      Company is not in default under or with respect to any agreement, instrument
      or
      undertaking to which it is a party or by which it or any of its property is
      bound in any respect which may reasonably be expected to result in a Material
      Adverse Effect. No Default exists.

     

    (p) Licenses,
      etc.
      The
      Company and each of its Subsidiaries have obtained and hold in full force and
      effect, all franchises, licenses, permits, certificates, authorizations,
      qualifications, accreditations, easements, rights of way and other rights,
      consents and approvals which are necessary for the operation of their respective
      businesses as presently conducted, except where the failure to obtain and hold
      the same, individually or in the aggregate, may not reasonably be expected
      to
      have a Material Adverse Effect.

     

    (q) Compliance
      With Law.
      The
      Company and each of its Subsidiaries is in compliance with all laws, rules,
      regulations, orders, judgments, writs and decrees except where such
      non-compliance, individually or in the aggregate, may not reasonably be expected
      to have a Material Adverse Effect.

     

    

     

    ARTICLE
      V

     

    COVENANTS
      OF THE COMPANY

     

    SECTION
      5.01. Affirmative
      Covenants.
      So long
      as any Advance shall remain unpaid or any Lender shall have any Commitment
      hereunder:

     

    (a) Information
      Covenants.
      The
      Company shall furnish to each Lender:

     

    (i) Quarterly
      Financial Statements.
      Within
      60 days after the close of each quarterly accounting period in each fiscal
      year
      of the Company (other than the final quarter), the consolidated balance sheet
      of
      the Company and its Subsidiaries as at the end of such quarterly period and
      the
      related consolidated statements of income, cash flow and retained earnings
      for
      such quarterly period and for the elapsed portion of the fiscal year ended
      with
      the last day of such quarterly period, and in each case setting forth
      comparative figures for the related periods in the prior fiscal
      year.

     

    (ii) Annual
      Financial Statements.
      Within
      90 days after the close of each fiscal year of the Company, the consolidated
      balance sheet of the Company and its Subsidiaries as at the end of such fiscal
      year and the related consolidated statements of income, cash flow and retained
      earnings for such fiscal year, setting forth comparative figures for the
      preceding fiscal year and, with respect to such consolidated financial
      statements, certified with an unqualified opinion by independent certified
      public accountants of recognized national standing selected by the Company,
      in
      each case together with a report of such accounting firm stating that in the
      course of its regular audit of the consolidated financial statements of the
      Company, which audit was conducted in accordance with standards of the Public
      Company Accounting Oversight Board, such accounting firm has obtained no
      knowledge of any Default, or if in the opinion of such accounting firm such
      a
      Default has occurred and is continuing, a statement as to the nature
      thereof.

     

    (iii) Officer's
      Certificate.
      At the
      time of the delivery of the financial statements under clauses (i) and (ii)
      above, a certificate of the chief financial officer or treasurer of the Company
      which certifies (A) that such financial statements fairly present the financial
      condition and the results of operations of the Company and its Subsidiaries
      on
      the dates and for the periods indicated in accordance with generally accepted
      accounting principles, subject, in the case of interim financial statements,
      to
      normally recurring year-end adjustments and (B) that such officer has reviewed
      the terms of this Agreement and has made, or caused to be made under his or
      her
      supervision, a review in reasonable detail of the business and condition of
      the
      Company and its Subsidiaries during the accounting period covered by such
      financial statements, and that as a result of such review such officer has
      concluded that no Default has occurred during the period commencing at the
      beginning of the accounting period covered by the financial statements
      accompanied by such certificate and ending on the date of such certificate
      or,
      if any Default has occurred, specifying the nature and extent thereof and,
      if
      continuing, the action the Company proposes to take in respect thereof. Such
      certificate shall be substantially in the form of Exhibit E.

     

    (iv) Notice
      of Default.
      Promptly after the Company obtains knowledge of the occurrence of any Default,
      a
      certificate of the chief financial officer or treasurer of the Company
      specifying the nature thereof and the Company's proposed response
      thereto.

     

    (v) Litigation.
      Promptly after (i) the occurrence thereof, notice to the institution of or
      any
      development in any action, suit or proceeding or any governmental investigation
      or any arbitration, before any court or arbitrator or any governmental or
      administrative body, agency or official, against the Company, any of its
      Subsidiaries or any material property of any thereof which, individually or
      in
      the aggregate, may reasonably be expected to have a Material Adverse Effect,
      or
      (ii) actual knowledge thereof, notice of the threat of any such action, suit,
      proceeding, investigation or arbitration.

     

    (vi) ERISA.
      (A) As
      soon as possible and in any event within 10 days after the Company or any member
      of its ERISA Controlled Group knows, or has reason to know, that: (1) any
      Termination Event with respect to a Plan has occurred or will occur, or (2)
      any
      condition exists with respect to a Plan which presents a material risk of
      termination of the Plan or imposition of an excise tax or other liability on
      the
      Company or any member of its ERISA Controlled Group which might have a Material
      Adverse Effect on the Company, or (3) the Company or any member of its ERISA
      Controlled Group has applied for a waiver of the minimum funding standard under
      Section 412 of the Code or Section 302 of ERISA, or (4) the Company or any
      member of its ERISA Controlled Group has engaged in a "prohibited transaction",
      as defined in Section 4975 of the Code or as described in Section 406 of ERISA,
      that is not exempt under Section 4975 of the Code and Section 408 of ERISA,
      or
      (5) any condition exists with respect to a Multiemployer Plan which presents
      a
      material risk of a partial or complete withdrawal (as described in Section
      4203
      or 4205 of ERISA) by the Company or any member of its ERISA Controlled Group
      from a Multiemployer Plan whereupon potential liability exceeds $25,000,000,
      or
      (6) the Company or any member of its ERISA Controlled Group is in "default"
      (as
      defined in Section 4219(c)(5) of ERISA) with respect to payments to a
      Multiemployer Plan, or (7) a Multiemployer Plan is in "reorganization" (as
      defined in Section 418 of the Code or Section 4241 of ERISA) or is "insolvent"
      (as defined in Section 4245 of ERISA), or (8) the potential withdrawal liability
      (as determined in accordance with Title IV of ERISA) of the Company and the
      members of its ERISA Controlled Group with respect to all Multiemployer Plans
      has increased to an amount in excess of $50,000,000 or (9) there is an action
      brought against the Company or any member of its ERISA Controlled Group under
      Section 502 of ERISA with respect to its failure to comply with Section 515
      of
      ERISA, a certificate of the chief financial officer or treasurer of the Company
      setting forth the details of each of the events described in clauses (1) through
      (9) above as applicable and the action which the Company or the applicable
      member of its ERISA Controlled Group proposes to take with respect thereto,
      together with a copy of any notice or filing from the PBGC or which may be
      required by the PBGC or other agency of the United States government with
      respect to each of the events described in clauses (1) through (9) above, as
      applicable.

     

    (B) As
      soon
      as possible and in any event within five Business Days after the receipt by
      the
      Company or any member of its ERISA Controlled Group of a demand letter from
      the
      PBGC notifying the Company or such member of its ERISA Controlled Group of
      its
      final decision finding liability and the date by which such liability must
      be
      paid, a copy of such letter, together with a certificate of the chief financial
      officer or treasurer of the Company setting forth the action which the Company
      or such member of its ERISA Controlled Group proposes to take with respect
      thereto.

     

    (vii) SEC
      Filings.
      Promptly upon the filing thereof, copies of all regular and periodic financial
      information, proxy materials and other information and reports, if any, which
      the Company shall file with the Securities and Exchange Commission (or any
      successor thereto) or any governmental agencies substituted therefore or
      promptly upon the mailing thereof, copies of such documents, material,
      information and reports which the Company shall send to or generally make
      available to its stockholders.

     

    (viii) Environmental.
      Unless
      prohibited by any applicable law, rule, regulation, order, writ, injunction
      or
      decree of, or agreement with, any court or governmental instrumentality, or
      in
      the case of an Environmental Affiliate which is not otherwise an Affiliate
      of
      the Company, any contractual undertaking the primary purpose of which was other
      than to prohibit the disclosure of such information, promptly and in any event
      within ten Business Days after the existence of any of the following conditions,
      a certificate of an Authorized Officer of the Company specifying in detail
      the
      nature of such condition and the Company's, Affiliate's or Environmental
      Affiliate's proposed response thereto: (A) the receipt by the Company, any
      of
      its Affiliates, or, to the best of its actual knowledge, any of its other
      Environmental Affiliates of any written communication, whether from a
      governmental authority, citizens group, employee or otherwise, that alleges
      that
      such Person is not in compliance with applicable Environmental Laws and such
      noncompliance, individually or in the aggregate, may reasonably be expected
      to
      have a Material Adverse Effect, (B) the Company, any of its Affiliates, or
      to
      the best of its actual knowledge, any of its other Environmental Affiliates
      shall obtain knowledge that there exists any Environmental Claim pending or
      threatened against such Person, which, individually or in the aggregate, may
      reasonably be expected to have a Material Adverse Effect, or (C) any release,
      emission, discharge or disposal of any Material of Environmental Concern that
      could form the basis of any Environmental Claim against the Company, any of
      its
      Affiliates or any of its other Environmental Affiliates, which Environmental
      Claim, individually or in the aggregate, may reasonably be expected to have
      a
      Material Adverse Effect. For purposes of this clause (viii), "actual" knowledge
      shall have the meaning provided by Section 4.01(m)(v).

     

    (ix) Other
      Information.
      From
      time to time with reasonable promptness, such other information or documents
      (financial or otherwise) as the Agent or any Lender through the Agent may
      reasonably request.

     

    (b) Books,
      Records and Inspections.
      The
      Company shall, and shall cause each of its Domestic Subsidiaries to, keep proper
      books of record and account in which full, true and correct entries in
      conformity with generally accepted accounting principles and all requirements
      of
      law shall be made of all dealings and transactions in relation to its business
      and activities. The Company shall, and shall cause each of its Subsidiaries
      to,
      permit officers and designated representatives of any Lender to visit and
      inspect any of the properties of the Company or any of its Subsidiaries, and
      to
      examine the books of record and account of the Company or any of its
      Subsidiaries, and discuss the affairs, finances and accounts of the Company
      or
      any of its Subsidiaries with, and be advised as to the same by, its and their
      officers and independent accountants, all upon reasonable notice, at such
      reasonable times and to such reasonable extent as such Lender may desire,
provided
      any
      information obtained as the result of such inspection, examination or discussion
      shall be deemed to constitute Confidential Information.

     

    (c) Maintenance
      of Insurance.
      On and
      after the Restatement Date until the Termination Date, the Company shall, and
      shall cause each of its Subsidiaries to, maintain with financially sound and
      reputable insurance companies or through self-insurance programs consistent
      with
      past practices, which past practices have been disclosed in writing to the
      Agent
      prior to the Restatement Date, insurance on itself and its properties in at
      least such amounts (in such types and with such deductibles) and against at
      least such risks as are customarily insured against in the same general area
      by
      companies engaged in the same or a similar business similarly
      situated.

     

    (d) Taxes.
      (i) The
      Company shall pay or cause to be paid or discharged, and shall cause each of
      its
      Subsidiaries to pay or cause to be paid or discharged, when due, all taxes,
      charges and assessments and all other lawful claims required to be paid by
      the
      Company or such Subsidiaries, except as contested in good faith and by
      appropriate proceedings diligently conducted, if adequate reserves have been
      established with respect thereto in accordance with generally accepted
      accounting principles.

     

    (ii) Except
      as
      set forth in Schedule 5.01(d), the Company shall not, and shall not permit
      any
      of its Subsidiaries to, file or consent to the filing of any consolidated tax
      return with any Person (other than the Company and its
      Subsidiaries).

     

    (e) Corporate
      Franchises.
      The
      Company shall, and shall cause each of its Subsidiaries to, do or cause to
      be
      done, all things necessary to preserve and keep in full force and effect its
      existence and its patents, trademarks, servicemarks, tradenames, copyrights,
      franchises, licenses, permits, certificates, authorizations, qualifications,
      accreditations, easements, rights of way and other rights, consents and
      approvals, except where the failure to so preserve any of the foregoing (other
      than existence) may not, individually or in the aggregate, reasonably be
      expected to result in a Material Adverse Effect.

     

    (f) Compliance
      with Law.
      The
      Company shall, and shall cause each of its Subsidiaries to, comply with all
      applicable laws, rules, statutes, regulations, decrees and orders of, and all
      applicable restrictions imposed by, all governmental bodies, domestic or
      foreign, in respect of the conduct of their business and the ownership of their
      property, including, without limitation, ERISA and all Environmental Laws,
      other
      than those the non-compliance with which, individually or in the aggregate,
      may
      not reasonably be expected to have a Material Adverse Effect.

     

    (g) Maintenance
      of Properties.
      The
      Company shall, and shall cause each of its Subsidiaries to, ensure that its
      material properties used or useful in its business are kept in good repair,
      working order and condition, normal wear and tear excepted.

     

    SECTION
      5.02. Negative
      Covenants.
      So long
      as any Advance shall remain unpaid or any Lender shall have any Commitment
      hereunder:

     

    (a) Liens.
      The
      Company shall not, and shall not permit any of its Subsidiaries to, create,
      incur, assume or suffer to exist, directly or indirectly, any Lien on any of
      its
      or their property (whether real or personal, including, without limitation,
      accounts receivable and inventory) or any interest it or they may have therein,
      whether owned at the date hereof or hereafter acquired (unless, in the case
      of
      any Lien of or upon the property of any of its Subsidiaries, all obligations
      and
      indebtedness thereby secured are held by the Company or any of its
      Subsidiaries); provided
      that the
      provisions of this Section 5.02(a) shall not prevent or restrict the existence
      or creation of:

     

    (i) liens
      for
      taxes or assessments or governmental charges or levies not then due and
      delinquent or the validity of which is being contested in good faith; and
      materialmen's, mechanic's, carrier's, workmen's, repairmen's, landlord's or
      other like liens, or deposits to obtain the release of such liens;

     

    (ii) pledges
      or deposits to secure public or statutory obligations or to secure payment
      of
      workmen's compensation or to secure performance in connection with tenders,
      leases of real property, or bids of contracts and pledges or deposits made
      in
      the ordinary course of business for similar purposes;

     

    (iii) licenses,
      easements, rights of way and other similar encumbrances, or zoning or other
      restrictions as to the use of real properties, the existence of which does
      not
      in the aggregate interfere with the operation of the business of the Company
      or
      any Subsidiary thereof;

     

    (iv) Liens
      of
      or upon any property or assets owned by any Subsidiary of the Company existing
      on the date on which such Subsidiary first became a Subsidiary, if such date
      is
      subsequent to the date hereof;

     

    (v) Liens
      of
      or upon (A) any property or assets acquired by the Company or any of its
      Subsidiaries (whether by purchase, merger or otherwise) after the date hereof
      and not theretofore owned by the Company or any of its Subsidiaries), or (B)
      improvements made on any property or assets now owned or hereafter acquired,
      securing the purchase price thereof or created or incurred simultaneously with,
      or within 180 days after, such acquisition or the making of such improvements
      or
      existing at the time of such acquisition (whether or not assumed) or the making
      of such improvements, if (x) such Lien shall be limited to the property or
      assets so acquired or the improvements so made, (y) the amount of the
      obligations or indebtedness secured by such Liens shall not be increased after
      the date of the acquisition of such property or assets or the making of such
      improvements, except to the extent improvements are made to such property or
      assets after the date of the acquisition or the making of the initial
      improvements, and (z) in each instance where the obligation or indebtedness
      secured by such Lien constitutes an obligation or indebtedness of, or is assumed
      by, the Company or any of its Subsidiaries, the principal amount of the
      obligation or indebtedness secured by such Lien shall not exceed 100% of the
      cost or fair value (which may be determined in good faith by the Board of
      Directors of the Company), whichever is lower, of the property or assets or
      improvements at the time of the acquisition or making thereof;

     

    (vi) Liens
      arising under leases described on Schedule 5.02(a) hereof and Capitalized
      Leases;

     

    (vii) mortgages
      securing indebtedness of a Subsidiary of the Company owing to the Company or
      to
      another Subsidiary of the Company;

     

    (viii) Liens
      on
      property of a corporation existing at the time such corporation is merged into
      or consolidated with the Company or any of its Subsidiaries or at the time
      of a
      sale, lease or other disposition of the properties of a corporation as an
      entirety or substantially as an entirety to the Company or any of its
      Subsidiaries;

     

    (ix) Liens
      on
      or other conveyances of property owned by the Company or any of its Subsidiaries
      in favor of the United States of America or any State thereof, or any
      department, agency or instrumentality or political subdivision of the United
      States of America or any State thereof, or in favor of any other country, or
      any
      political subdivision thereof, to secure partial, progress, advance or other
      payments pursuant to any contract or statute or to secure any indebtedness
      incurred for the purpose of financing all or any part of the purchase price
      or
      the cost of construction of the property subject to such mortgages;

     

    (x) Liens
      on
      accounts receivable sold to Eastman Chemical Financial Corporation, a Delaware
      corporation and a wholly owned (directly or indirectly) special purpose entity
      of the Company, arising under the Company's securitization program existing
      on
      the date hereof;

     

    (xi) renewals,
      extensions or replacements of the Liens referred to in clauses (iv) through
      (ix)
      for amounts which shall not exceed the principal amount of the obligations
      or
      indebtedness so renewed or replaced at the time of the renewal or replacement
      thereof and applying only to the same property or assets theretofore subject
      to
      such Liens; and

     

    (xii) Liens
      (including Liens to secure judgments pending appeal) not otherwise permitted
      by
      this Section 5.02(a) securing obligations of the Company or any Subsidiary
      thereof in an aggregate principal amount outstanding at any one time not to
      exceed an amount equal to 15% of Consolidated Net Tangible Assets at such
      time.

     

    (b) Restriction
      on Fundamental Changes.
      The
      Company shall not, and shall not permit any of its Subsidiaries to, enter into
      any merger or consolidation, or liquidate, wind-up or dissolve (or suffer any
      liquidation or dissolution), discontinue its business or convey, lease, sell,
      transfer or otherwise dispose of, in one transaction or series of transactions,
      all or any substantial part of the business or property of the Company, or,
      in
      the case of a Subsidiary of the Company, the business or property of the Company
      and its Subsidiaries taken as a whole, whether now or hereafter acquired;
provided
      that any
      disposition of less than 15% of Consolidated Net Tangible Assets shall not
      be
      deemed to be a substantial part and provided further
      that any
      such merger or consolidation shall be permitted if (i) the Company shall be
      the
      continuing corporation (in the case of a merger or consolidation), or the
      successor, if other than the Company, shall be a corporation organized and
      existing under the laws of the United States of America or any State thereof
      and
      such corporation shall expressly assume to the satisfaction of the Agent the
      due
      and punctual performance and observance of all of the covenants and obligations
      contained in this Agreement and the Notes to be performed by the Company, (ii)
      immediately after giving effect to such merger or consolidation, no Default
      shall have occurred and be continuing, and (iii) on the effective date of any
      such merger or consolidation occurring on or after the Restatement Date, the
      covenant contained in Section 5.03, calculated on a pro forma basis with respect
      to the twelve month period ending on such date, after giving effect to such
      merger or consolidation with respect to the Company or other obligor for the
      Advances and other obligations hereunder, shall be satisfied; and provided further
      that any
      wholly-owned Subsidiary of the Company may merge into or convey, sell, lease
      or
      transfer all or substantially all of its assets to, the Company or any other
      wholly owned Subsidiary of the Company. Pro forma compliance with Section 5.03
      shall be determined in a manner which includes appropriate adjustments to
      Consolidated Interest Expense and Consolidated EBT, including, without
      limitation, adjustments designed to reflect indebtedness incurred in connection
      with or in contemplation of such merger or consolidation and interest expense
      for the twelve month period ending on the date of such determination in respect
      thereof, and shall be demonstrated to the reasonable satisfaction of the
      Agent.

     

    (c) Sales
      and Leasebacks.
      The
      Company shall not, nor shall it permit any Principal Subsidiary to, enter into
      any arrangement with any Person that provides for the leasing to the Company
      or
      any Principal Subsidiary of any Principal Property, which Principal Property
      has
      been or is to be sold or transferred by the Company or such Principal Subsidiary
      to such Person, unless the Company or such Principal Subsidiary would be
      entitled, pursuant to Section 5.02(a), to create, incur, assume or suffer to
      exist any Lien upon such property securing Indebtedness; provided
      that the
      aggregate fair market value of all properties subject to such arrangements
      shall
      not exceed at any time 10% of the Consolidated Net Tangible Assets and
provided further
      that
      from and after the date on which such arrangement becomes effective the same
      shall be deemed for all purposes under Section 5.02(a) to be Indebtedness
      secured by a Lien.

     

    (d) Limitations
      on Restricted Subsidiary Debt.
      The
      Company shall not permit any Restricted Subsidiary to incur or assume any Debt
      except:

     

    (i) Debt
      that
      is or could be secured by a Lien permitted pursuant to Section
      5.02(a);

     

    (ii) Debt
      outstanding on the Restatement Date;

     

    (iii) Debt
      issued to and held by the Company or another Restricted Subsidiary;

     

    (iv) Debt
      incurred by a Person prior to the time (A) such Person became a Restricted
      Subsidiary, (B) such Person merges into or consolidates with a Restricted
      Subsidiary or (C) another Restricted Subsidiary merges into or consolidates
      with
      such Person (in a transaction in which such Person becomes a Restricted
      Subsidiary), which Debt was not incurred in anticipation of such transaction
      and
      was outstanding prior to such transaction;

     

    (v) Debt
      incurred in the ordinary course of business and maturing within one year;
      and

     

    (vi) extensions,
      renewals or replacements of any of the foregoing;

     

    provided,
      however,
      that
      the Company may permit a Restricted Subsidiary to incur Debt as permitted by
      clauses (ii) through (vi) of this Section 5.02(d) only to the extent that the
      aggregate amount of such Debt of all Restricted Subsidiaries does not exceed
      15%
      of Consolidated Net Tangible Assets.

     

    SECTION
      5.03. Financial
      Covenant.
      So long
      as any Advance shall remain unpaid or any Lender shall have any Commitment
      hereunder, the Company will maintain a ratio of Debt of the Company and its
      Subsidiaries to Consolidated EBITDA of the Company and its Subsidiaries for
      any
      four consecutive fiscal quarters of the Company (taken as one accounting
      period), of not greater than 3.50
      to
      1.

     

    ARTICLE
      VI

     

    EVENTS
      OF
      DEFAULT

     

    SECTION
      6.01. Events
      of Default.
      If any
      of the following events ("Events
      of Default")
      shall
      occur and be continuing: 

     

    (a) Failure
      to Make Payments.
      The
      Company or any other Borrower shall (i) default in the payment when due of
      any
      principal of the Advances, and such default shall continue unremedied for one
      or
      more Business Days or (ii) default, and such default shall continue unremedied
      for ten or more days, in the payment when due of any interest on the Advances
      or
      (iii) default, and such default shall continue unremedied for 30 or more days
      from the date of notice of such default, in the payment when due of any fees
      or
      any other amounts owing hereunder; or

     

    (b) Breach
      of Representation or Warranty.
      Any
      representation or warranty made by the Company or any Designated Subsidiary
      herein, in any Designation Agreement or in any certificate or statement
      delivered pursuant hereto or thereto shall prove to be false or misleading
      in
      any material respect on the date as of which made or deemed made; or

     

    (c) Breach
      of Covenants.
      The
      Company shall fail to perform or observe any agreement, covenant or obligation
      arising under this Agreement (except those described in subsections (a) or
      (b)
      above), and, if capable of being remedied, such failure shall remain unremedied
      for 30 days after written notice thereof shall have been given to the Company
      by
      the Agent; provided
      that
      there shall be deducted from such number of days any grace period utilized
      by
      the Company in notifying the Agent of such Default pursuant to Section
      5.01(a)(iv); or

     

    (d) Default
      Under Other Agreements.
      The
      Company or any of its Subsidiaries shall default in the payment when due
      (whether by scheduled maturity, required prepayment, acceleration, demand or
      otherwise) of any amount owing in respect of any Indebtedness in the principal
      amount of $50,000,000 or more and such default shall continue beyond any
      applicable grace period; or the Company or any of its Subsidiaries shall default
      in the performance or observance of any obligation or condition with respect
      to
      any Indebtedness or any other event shall occur or condition exist, if the
      effect of such default, event or condition is to accelerate the maturity of
      any
      such Indebtedness or to permit the holder or holders thereof, or any trustee
      or
      agent for such holders, to accelerate the maturity of any such Indebtedness,
      unless, in each case, waived by such holder or holders, or any such Indebtedness
      shall become or be declared to be due and payable prior to its stated maturity
      other than as a result of a regularly scheduled payment, and the principal
      amount of such Indebtedness exceeds $50,000,000; or

     

    (e) Bankruptcy,
      etc.
      (i) The
      Company, any other Borrower or any Material Subsidiary shall commence a
      voluntary case concerning itself under the Bankruptcy Code; or (ii) an
      involuntary case is commenced against the Company or any Material
      Subsidiary and the petition is not
      controverted within 30 days, or is not dismissed within 60 days, after
      commencement of the case; or (iii) a custodian (as
      defined
      in the Bankruptcy Code) is appointed for, or takes charge of, all or
      substantially all of the property of the Company or any Material Subsidiary
      or
      the Company or any Material Subsidiary commences any other proceedings under
      any
      reorganization, arrangement, adjustment of debt, relief of debtors, dissolution,
      insolvency or liquidation or similar law of any jurisdiction whether now or
      hereafter in effect relating to the Company or any Material Subsidiary or there
      is commenced against the Company or any Material Subsidiary any such proceeding
      which remains undismissed for a period of 60 days; or (iv) any order of relief
      or other order approving any such case or proceeding is entered; or (v) the
      Company or any Material Subsidiary is adjudicated insolvent or bankrupt; or
      (vi)
      the Company or any Material Subsidiary suffers any appointment of any custodian
      or the like for it or any substantial part of its property to continue
      undischarged or unstayed for a period of 60 days; or (vii) the Company or any
      Material Subsidiary makes a general assignment for the benefit of creditors;
      or
      (viii) the Company or any Material Subsidiary shall fail to pay, or shall state
      that it is unable to pay, or shall be unable to pay, its debts generally as
      they
      become due; or (ix) the Company or any Material Subsidiary shall by any act
      or
      failure to act consent to, approve of or acquiesce in any of the foregoing;
      or
      (x) any corporate action is taken by the Company or any Material Subsidiary
      for
      the purpose of effecting any of the foregoing; or

     

    (f) ERISA.
      The
      Company or any member of its ERISA Controlled Group shall fail to pay when
      due
      an amount or amounts aggregating in excess of $50,000,000 for which it shall
      have become liable under Title IV of ERISA; or notice of intent to terminate
      a
      Plan or Plans having aggregate Unfunded Benefit Liabilities in excess of
      $100,000,000 shall be filed under Title IV of ERISA by the Company or any member
      of the ERISA Controlled Group, any plan administrator or any combination of
      the
      foregoing; or the PBGC shall institute proceedings under Title IV of ERISA
      to
      terminate, to impose liability (other than for premiums under Section 4007
      of
      ERISA) in respect of, or to cause a trustee to be appointed to administer,
      any
      Plan or Plans having aggregate Unfunded Benefit Liabilities in excess of
      $100,000,000 or a condition shall exist by reason of which the PBGC would be
      entitled to obtain a decree adjudicating that any Plan or Plans having aggregate
      Unfunded Benefit Liabilities in excess of $100,000,00 must be terminated; or
      there shall occur a complete or partial withdrawal from, or a default within
      the
      meaning of Section 4219(c)(5) of ERISA with respect to, one or more
      Multiemployer Plans which could cause the Company or one or more members of
      the
      ERISA Controlled Group to incur a current payment obligation in excess of
      $50,000,000 if not paid when due; or

     

    (g) Judgments.
      One or
      more judgments or decrees in an aggregate amount of $50,000,000 or more shall
      be
      entered by a court against the Company or any of its Subsidiaries and (i) any
      such judgments or decrees shall not be stayed, discharged, paid, bonded or
      vacated within 30 days or (ii) enforcement proceedings shall be commenced by
      any
      creditor on any such judgments or decrees; provided,
      however,
      that
      any such judgment or order shall not be an Event of Default under this
Section
      6.01(g)
      if and for so long as (i) the amount of such judgment or order is covered by
      a
      valid and binding policy of insurance, with deductible or self-insured retention
      consistent with industry practices, between the defendant and the insurer
      covering payment thereof and (ii) such insurer, which shall be rated at least
      "A-" by A.M. Best Company, has been notified of, and has not disputed the claim
      made for payment of, the amount of such judgment or order; or

     

    (h) Change
      in Control.
      At any
      time on or after the Restatement Date a Change in Control shall have occurred;
      or

     

    (i) Guaranty.
      So long
      as any Subsidiary of the Company is a Designated Subsidiary, any provision
      of
      Article VII shall for any reason cease to be valid and binding on or enforceable
      against the Company, or the Company shall so state in writing;

     

    then,
      and
      in any such event, the Agent (i) shall at the request, or may with the
      consent, of the Required Lenders, by written notice to the Company and the
      other
      Borrowers, declare the obligation of each Lender to make Advances (other than
      Revolving Credit Advances deemed to have been made by an Issuing Bank or a
      Lender pursuant to Section 2.04(c)) and of the Issuing Banks to issue Letters
      of
      Credit to be terminated, whereupon the same shall forthwith terminate, and
      (ii) shall at the request, or may with the consent, of the Required
      Lenders, by written notice to the Company and the other Borrowers, declare
      the
      Advances, all interest thereon and all other amounts payable under this
      Agreement to be forthwith due and payable, whereupon the Advances, all such
      interest and all such amounts shall become and be forthwith due and payable,
      without presentment, demand, protest or further notice of any kind, all of
      which
      are hereby expressly waived by each Borrower; provided,
      however,
      that in
      the event of an actual or deemed entry of an order for relief with respect
      to
      any Borrower under the Bankruptcy Code, (A) the obligation of each Lender
      to make Advances (other than Revolving Credit Advances deemed to have been
      made
      by an Issuing Bank or a Lender pursuant to Section 2.04(c)) and of the Issuing
      Banks to issue Letters of Credit shall automatically be terminated and
      (B) the Advances, all such interest and all such amounts shall
      automatically become and be due and payable, without presentment, demand,
      protest or any notice of any kind, all of which are hereby expressly waived
      by
      each Borrower.

     

    SECTION
      6.02. Actions
      in Respect of Letters of Credit Upon Default.
      If any
      Event of Default shall have occurred and be continuing, the Agent may with
      the
      consent, or shall at the request, of the Required Lenders, irrespective of
      whether it is taking any of the actions described in Section 6.01 or otherwise,
      make demand upon the Borrowers to, and forthwith upon such demand the Borrowers
      will, (a) pay to the Agent on behalf of the Lenders in same day funds at the
      Agent's office designated in such demand, for deposit in the L/C Cash Deposit
      Account, an amount equal to the aggregate Available Amount of all Letters of
      Credit then outstanding, together with the reasonably anticipated amount of
      fees, expenses and other amounts related thereto as specified by the applicable
      Issuing Bank (the "Required
      Amount")
      or (b)
      make such other arrangements in respect of the outstanding Letters of Credit
      as
      shall be acceptable to the Required Lenders. If at any time the Agent determines
      that any funds held in the L/C Cash Deposit Account are subject to any right
      or
      interest of any Person other than the Agent and the Lenders or that the total
      amount of such funds is less than the aggregate Available Amount of all Letters
      of Credit, the Borrowers will, forthwith upon demand by the Agent, pay to the
      Agent, as additional funds to be deposited and held in the L/C Cash Deposit
      Account, an amount equal to the excess of (a) such aggregate applicable Required
      Amount over (b) the total amount of funds, if any, then held in the L/C Cash
      Deposit Account that are free and clear of any such right and interest. Upon
      the
      drawing of any Letter of Credit, to the extent funds are on deposit in the
      L/C
      Cash Deposit Account, such funds shall be applied to reimburse the Issuing
      Banks
      to the extent permitted by applicable law, and if so applied, then such
      reimbursement shall be deemed a repayment of the corresponding Advance in
      respect of such Letter of Credit. After all such Letters of Credit shall have
      expired or been fully drawn upon and all other obligations of the Borrowers
      hereunder and under the Notes shall have been paid in full, the balance, if
      any,
      in such L/C Cash Deposit Account shall be promptly returned to the Borrowers
      or
      to such other Persons as shall be legally entitled thereto.

     

    ARTICLE
      VII

     

    GUARANTY

     

    SECTION
      7.01. Guaranty.
      The
      Company hereby absolutely, unconditionally and irrevocably guarantees, as a
      guarantee of payment and not of collection, the punctual payment when due,
      whether at scheduled maturity or on any date of a required prepayment or by
      acceleration, demand or otherwise, all obligations of each other Borrower now
      or
      hereafter existing under or in respect of this Agreement and the Notes
      (including, without limitation, any extensions, modifications, substitutions,
      amendments or renewals of any or all of the foregoing obligations), whether
      direct or indirect, absolute or contingent, and whether for principal, interest,
      premiums, fees, indemnities, contract causes of action, costs, expenses or
      otherwise (such obligations being the "Guaranteed
      Obligations"),
      and
      agrees to pay any and all expenses (including, without limitation, fees and
      expenses of counsel) incurred by the Agent or any other Lender in enforcing
      any
      rights under this Article VII. Without limiting the generality of the foregoing,
      the Company's liability shall extend to all amounts that constitute part of
      the
      Guaranteed Obligations and would be owed by any such Borrower to the Agent
      or
      any Lender under or in respect of this Agreement or the Notes but for the fact
      that they are unenforceable or not allowable due to the existence of a
      bankruptcy, reorganization or similar proceeding involving such
      Borrower.

     

    SECTION 7.02.
      Guaranty
      Absolute.
      The
      Company guarantees that the Guaranteed Obligations will be paid strictly in
      accordance with the terms of this Agreement and the Notes, regardless of any
      law, regulation or order now or hereafter in effect in any jurisdiction
      affecting any of such terms or the rights of any Lender with respect thereto.
      The obligations of the Company under or in respect of this Article VII are
      independent of the Guaranteed Obligations or any other obligations of any other
      Borrower under or in respect of this Agreement and the Notes, and a separate
      action or actions may be brought and prosecuted against the Company to enforce
      this Article VII, irrespective of whether any action is brought against any
      Borrower or whether any Borrower is joined in any such action or actions. The
      liability of the Company under this Article VII shall be irrevocable, absolute
      and unconditional irrespective of, and the Company hereby irrevocably waives
      any
      defenses it may now have or hereafter acquire in any way relating to, any or
      all
      of the following:

     

    (a) any
      lack
      of validity or enforceability of this Agreement (other than this Article VII),
      the Notes or any agreement or instrument relating thereto;

     

    (b) any
      change in the time, manner or place of payment of, or in any other term of,
      all
      or any of the Guaranteed Obligations or any other obligations of any Borrower
      under or in respect of this Agreement or the Notes, or any other amendment
      or
      waiver of or any consent to departure from this Agreement or the Notes,
      including, without limitation, any increase in the Guaranteed Obligations
      resulting from the extension of additional credit to any Borrower or any of
      its
      Subsidiaries or otherwise;

     

    (c) any
      taking, exchange, release or non-perfection of any collateral, or any taking,
      release or amendment or waiver of, or consent to departure from, any other
      guaranty, for all or any of the Guaranteed Obligations;

     

    (d) any
      manner of application of collateral, or proceeds thereof, to all or any of
      the
      Guaranteed Obligations, or any manner of sale or other disposition of any
      collateral for all or any of the Guaranteed Obligations or any other obligations
      of any Borrower under this Agreement or the Notes or any other assets of any
      Borrower or any of its Subsidiaries;

     

    (e) any
      change, restructuring or termination of the corporate structure or existence
      of
      any Borrower or any of its Subsidiaries;

     

    (f) any
      failure of any Lender or the Agent to disclose to the Company any information
      relating to the business, condition (financial or otherwise), operations,
      performance, properties or prospects of any Borrower now or hereafter known
      to
      such Lender or the Agent (the Company waiving any duty on the part of the
      Lenders and the Agent to disclose such information); or

     

    (g) any
      other
      circumstance (including, without limitation, any statute of limitations) or
      any
      existence of or reliance on any representation by any Lender or the Agent that
      might otherwise constitute a defense available to, or a discharge of, the
      Company (in its capacity as guarantor), any Borrower or any other guarantor
      or
      surety.

     

    This
      Article VII shall continue to be effective or be reinstated, as the case may
      be,
      if at any time any payment of any of the Guaranteed Obligations is rescinded
      or
      must otherwise be returned by any Lender or the Agent or any other Person upon
      the insolvency, bankruptcy or reorganization of any Borrower or otherwise,
      all
      as though such payment had not been made.

     

    SECTION
      7.03. Waivers
      and Acknowledgments.
      (a) The
      Company hereby unconditionally and irrevocably waives promptness, diligence,
      notice of acceptance, presentment, demand for performance, notice of
      nonperformance, default, acceleration, protest or dishonor and any other notice
      with respect to any of the Guaranteed Obligations and this Article VII and
      any
      requirement that any Lender or the Agent protect, secure, perfect or insure
      any
      Lien or any property subject thereto or exhaust any right or take any action
      against any Borrower or any other Person or any collateral.

     

    (b) The
      Company hereby unconditionally and irrevocably waives any right to revoke this
      Article VII and acknowledges that the guaranty under this Article VII is
      continuing in nature and applies to all Guaranteed Obligations, whether existing
      now or in the future.

     

    (c) The
      Company hereby unconditionally and irrevocably waives (i) any defense
      arising by reason of any claim or defense based upon an election of remedies
      by
      any Lender or the Agent that in any manner impairs, reduces, releases or
      otherwise adversely affects the subrogation, reimbursement, exoneration,
      contribution or indemnification rights of the Company or other rights of the
      Company to proceed against any Borrower, any other guarantor or any other Person
      or any collateral and (ii) any defense based on any right of set-off or
      counterclaim against or in respect of the obligations of the Company
      hereunder.

     

    (d) The
      Company hereby unconditionally and irrevocably waives any duty on the part
      of
      any Lender or the Agent to disclose to the Company any matter, fact or thing
      relating to the business, condition (financial or otherwise), operations,
      performance, properties or prospects of any Borrower or any of its Subsidiaries
      now or hereafter known by such Lender or the Agent.

     

    (e) 
      The
      Company acknowledges that it will receive substantial direct and indirect
      benefits from the financing arrangements contemplated by this Agreement and
      the
      Notes and that the waivers set forth in Section 7.02 and this
      Section 7.03 are knowingly made in contemplation of such
      benefits.

     

    SECTION
      7.04. Subrogation.
      The
      Company hereby unconditionally and irrevocably agrees not to exercise any rights
      that it may now have or hereafter acquire against any Borrower or any other
      insider guarantor that arise from the existence, payment, performance or
      enforcement of the Guaranteed Obligations under or in respect of this Article
      VII, including, without limitation, any right of subrogation, reimbursement,
      exoneration, contribution or indemnification and any right to participate in
      any
      claim or remedy of any Lender or the Agent against any Borrower or any other
      insider guarantor or any collateral, whether or not such claim, remedy or right
      arises in equity or under contract, statute or common law, including, without
      limitation, the right to take or receive from any Borrower or any other insider
      guarantor, directly or indirectly, in cash or other property or by set-off
      or in
      any other manner, payment or security on account of such claim, remedy or right,
      unless and until all of the Guaranteed Obligations and all other amounts payable
      under this Article VII shall have been paid in full in cash and such Borrower's
      status as a Designated Subsidiary shall have expired or been terminated. If
      the
      Company exercises rights of subrogation and receives any amounts from any
      Designated Subsidiary in violation of the immediately preceding sentence (it
      being understood that transfers between the Company and a Designated Subsidiary
      in the ordinary course of business pursuant to the operation of the Company's
      cash management system shall not constitute such a violation) at any time prior
      to the later of (a) the payment in full in cash of the Guaranteed
      Obligations and all other amounts payable under this Article VII and
      (b) the expiration or termination of such Borrower's status as a Designated
      Subsidiary, such amounts shall be received and held in trust for the benefit
      of
      the Lenders and the Agent, shall be segregated from other property and funds
      of
      the Company and shall forthwith be paid or delivered to the Agent in the same
      form as so received (with any necessary endorsement or assignment) to be
      credited and applied to the Guaranteed Obligations and all other amounts payable
      under this Article VII, whether matured or unmatured, in accordance with the
      terms of this Agreement, or to be held as collateral for any Guaranteed
      Obligations or other amounts payable under this Article VII thereafter arising.
      If (i) the Company shall make payment to any Lender or the Agent of all or
      any part of the Guaranteed Obligations in respect of a Designated Subsidiary,
      (ii) all of the Guaranteed Obligations and all other amounts payable under
      this Article VII shall have been paid in full in cash and (iii) such
      Borrower's status as a Designated Subsidiary shall have expired or been
      terminated, the Lenders and the Agent will, at the Company's request and
      expense, execute and deliver to the Company appropriate documents, without
      recourse and without representation or warranty, necessary to evidence the
      transfer by subrogation to the Company of an interest in the Guaranteed
      Obligations resulting from such payment made by the Company in respect of such
      Designated Subsidiary pursuant to this Article VII.

     

    SECTION 7.05.
      Continuing
      Guaranty; Assignments.
      The
      guaranty under this Article VII is a continuing guaranty and shall
      (a) remain in full force and effect until the later of (i) the payment
      in full in cash of the Guaranteed Obligations and all other amounts payable
      under this Article VII and (ii) the Termination Date, (b) be binding
      upon the Company, its successors and assigns and (c) inure to the benefit
      of and be enforceable by the Lenders and the Agent and their successors,
      transferees and assigns. Without limiting the generality of clause (c) of
      the immediately preceding sentence, any Lender may assign or otherwise transfer
      all or any portion of its rights and obligations under this Agreement
      (including, without limitation, all or any portion of its Commitments, the
      Advances owing to it and the Note or Notes held by it) to any other Person,
      and
      such other Person shall thereupon become vested with all the benefits in respect
      thereof granted to such Lender herein or otherwise, in each case as and to
      the
      extent provided in Section 9.07. The Company shall not have the right to
      assign its rights hereunder or any interest herein without the prior written
      consent of the Lenders.

     

    ARTICLE
      VIII

     

    THE
      AGENT

     

    SECTION
      8.01. Authorization
      and Action.
      Each
      Lender (in its capacities as a Lender and Issuing Bank, as applicable) hereby
      appoints and authorizes the Agent to take such action as agent on its behalf
      and
      to exercise such powers and discretion under this Agreement as are delegated
      to
      the Agent by the terms hereof, together with such powers and discretion as
      are
      reasonably incidental thereto. As to any matters not expressly provided for
      by
      this Agreement (including, without limitation, enforcement or collection of
      the
      Notes), the Agent shall not be required to exercise any discretion or take
      any
      action, but shall be required to act or to refrain from acting (and shall be
      fully protected in so acting or refraining from acting) upon the instructions
      of
      the Required Lenders, and such instructions shall be binding upon all Lenders
      and all holders of Notes; provided,
      however,
      that
      the Agent shall not be required to take any action that exposes the Agent to
      personal liability or that is contrary to this Agreement or applicable law.
      The
      Agent agrees to give to each Lender prompt notice of each notice given to it
      by
      the Company or any other Borrower pursuant to the terms of this
      Agreement.

     

    SECTION
      8.02. Agent's
      Reliance, Etc.
      Neither
      the Agent nor any of its directors, officers, agents or employees shall be
      liable for any action taken or omitted to be taken by it or them under or in
      connection with this Agreement, except for its or their own gross negligence
      or
      willful misconduct. Without limitation of the generality of the foregoing,
      the
      Agent: (i) may treat the Lender that made any Advance as the holder of the
      Debt resulting therefrom until the Agent receives and accepts an Assumption
      Agreement entered into by an Assuming Lender as provided in Section 2.19 or
      2.20
      or an Assignment and Acceptance entered into by such Lender, as assignor, and
      an
      Eligible Assignee, as assignee, as provided in Section 9.07; (ii) may
      consult with legal counsel (including counsel for the Company), independent
      public accountants and other experts selected by it and shall not be liable
      for
      any action taken or omitted to be taken in good faith by it in accordance with
      the advice of such counsel, accountants or experts; (iii) makes no warranty
      or representation to any Lender and shall not be responsible to any Lender
      for
      any statements, warranties or representations (whether written or oral) made
      in
      or in connection with this Agreement; (iv) shall not have any duty to
      ascertain or to inquire as to the performance or observance of any of the terms,
      covenants or conditions of this Agreement on the part of the Company or any
      other Borrower or to inspect the property (including the books and records)
      of
      the Company or any other Borrower; (v) shall not be responsible to any
      Lender for the due execution, legality, validity, enforceability, genuineness,
      sufficiency or value of, or the perfection or priority of any lien or security
      interest created or purported to be created under or in connection with, this
      Agreement or any other instrument or document furnished pursuant hereto; and
      (vi) shall incur no liability under or in respect of this Agreement by
      acting upon any notice, consent, certificate or other instrument or writing
      (which may be by telecopier) believed by it to be genuine and signed or sent
      by
      the proper party or parties.

     

    SECTION
      8.03. CUSA
      and Affiliates.
      With
      respect to its Commitments, the Advances made by it and the Note issued to
      it,
      CUSA shall have the same rights and powers under this Agreement as any other
      Lender and may exercise the same as though it were not the Agent; and the term
      "Lender" or "Lenders" shall, unless otherwise expressly indicated, include
      CUSA
      in its individual capacity. CUSA and its Affiliates may accept deposits from,
      lend money to, act as trustee under indentures of, accept investment banking
      engagements from and generally engage in any kind of business with, the Company,
      any of its Subsidiaries and any Person who may do business with or own
      securities of the Company or any such Subsidiary, all as if CUSA were not the
      Agent and without any duty to account therefor to the Lenders.

     

    SECTION
      8.04. Lender
      Credit Decision.
      Each
      Lender acknowledges that it has, independently and without reliance upon the
      Agent or any other Lender and based on the financial statements referred to
      in
      Section 4.01 and such other documents and information as it has deemed
      appropriate, made its own credit analysis and decision to enter into this
      Agreement. Each Lender also acknowledges that it will, independently and without
      reliance upon the Agent or any other Lender and based on such documents and
      information as it shall deem appropriate at the time, continue to make its
      own
      credit decisions in taking or not taking action under this
      Agreement.

     

    SECTION
      8.05. Indemnification.
      (a)
      Each Lender severally agrees to indemnify the Agent (to the extent not promptly
      reimbursed by the Company), from and against such Lender's Ratable Share of
      any
      and all liabilities, obligations, losses, damages, penalties, actions,
      judgments, suits, costs, expenses or disbursements of any kind or nature
      whatsoever that may be imposed on, incurred by, or asserted against the Agent
      in
      any way relating to or arising out of this Agreement or any action taken or
      omitted by the Agent under this Agreement (collectively, the "Indemnified
      Costs"),
      provided
      that no
      Lender shall be liable for any portion of the Indemnified Costs resulting from
      the Agent's gross negligence or willful misconduct. Without limitation of the
      foregoing, each Lender agrees to reimburse the Agent promptly upon demand for
      its Ratable Share of any out-of-pocket expenses (including reasonable counsel
      fees) incurred by the Agent in connection with the preparation, execution,
      delivery, administration, modification, amendment or enforcement (whether
      through negotiations, legal proceedings or otherwise) of, or legal advice in
      respect of rights or responsibilities under, this Agreement, to the extent
      that
      the Agent is not reimbursed for such expenses by the Company. In the case of
      any
      investigation, litigation or proceeding giving rise to any Indemnified Costs,
      this Section 8.05 applies whether any such investigation, litigation or
      proceeding is brought by the Agent, any Lender or a third party.

     

    (b) Each
      Lender severally agrees to indemnify the Issuing Banks (to the extent not
      promptly reimbursed by the Company) from and against such Lender's Ratable
      Share
      of any and all liabilities, obligations, losses, damages, penalties, actions,
      judgments, suits, costs, expenses or disbursements of any kind or nature
      whatsoever that may be imposed on, incurred by, or asserted against any such
      Issuing Bank in any way relating to or arising out of this Agreement or any
      action taken or omitted by such Issuing Bank hereunder or in connection
      herewith; provided,
      however,
      that no
      Lender shall be liable for any portion of such liabilities, obligations, losses,
      damages, penalties, actions, judgments, suits, costs, expenses or disbursements
      resulting from such Issuing Bank's gross negligence or willful misconduct.
      Without limitation of the foregoing, each Lender agrees to reimburse any such
      Issuing Bank promptly upon demand for its Ratable Share of any costs and
      expenses (including, without limitation, fees and expenses of counsel) payable
      by the Company under Section 9.04, to the extent that such Issuing Bank is
      not
      promptly reimbursed for such costs and expenses by the Company.

     

    (c) The
      failure of any Lender to reimburse the Agent or any Issuing Bank promptly upon
      demand for its Ratable Share of any amount required to be paid by the Lenders
      to
      the Agent as provided herein shall not relieve any other Lender of its
      obligation hereunder to reimburse the Agent or any Issuing Bank for its Ratable
      Share of such amount, but no Lender shall be responsible for the failure of
      any
      other Lender to reimburse the Agent or any Issuing Bank for such other Lender's
      Ratable Share of such amount. Without prejudice to the survival of any other
      agreement of any Lender hereunder, the agreement and obligations of each Lender
      contained in this Section 8.05 shall survive the payment in full of principal,
      interest and all other amounts payable hereunder and under the Notes. Each
      of
      the Agent and each Issuing Bank agrees to return to the Lenders their respective
      Ratable Shares of any amounts paid under this Section 8.05 that are subsequently
      reimbursed by the Company.

     

    SECTION
      8.06. Successor
      Agent.
      The
      Agent may resign at any time by giving written notice thereof to the Lenders
      and
      the Company and may be removed at any time with or without cause by the Required
      Lenders. Upon any such resignation or removal, the Required Lenders shall have
      the right to appoint a successor Agent. If no successor Agent shall have been
      so
      appointed by the Required Lenders, and shall have accepted such appointment,
      within 30 days after the retiring Agent's giving of notice of resignation or
      the
      Required Lenders' removal of the retiring Agent, then the retiring Agent may,
      on
      behalf of the Lenders, appoint a successor Agent, which shall be a commercial
      bank organized under the laws of the United States of America or of any State
      thereof and having a combined capital and surplus of at least $1,000,000,000.
      Upon the acceptance of any appointment as Agent hereunder by a successor Agent,
      such successor Agent shall thereupon succeed to and become vested with all
      the
      rights, powers, discretion, privileges and duties of the retiring Agent, and
      the
      retiring Agent shall be discharged from its duties and obligations under this
      Agreement. After any retiring Agent's resignation or removal hereunder as Agent,
      the provisions of this Article VII shall inure to its benefit as to any
      actions taken or omitted to be taken by it while it was Agent under this
      Agreement.

     

    SECTION
      8.07. Other
      Agents.
      Each
      Lender hereby acknowledges that neither the syndication agent, the documentation
      agents nor any other Lender designated as any "Agent" on the signature pages
      hereof has any liability hereunder other than in its capacity as a
      Lender.

     

    

     

    ARTICLE
      IX

     

    MISCELLANEOUS

     

    SECTION
      9.01. Amendments,
      Etc.
      No
      amendment or waiver of any provision of this Agreement or the Revolving Credit
      Notes, nor consent to any departure by the Company or any other Borrower
      therefrom, shall in any event be effective unless the same shall be in writing
      and signed by the Required Lenders, and then such waiver or consent shall be
      effective only in the specific instance and for the specific purpose for which
      given; provided,
      however,
      that no
      amendment, waiver or consent shall, unless in writing and signed by all the
      Lenders affected thereby, do any of the following: (a) waive any of the
      conditions specified in Section 3.01 or 3.02, (b) increase or extend
      the Commitments of the Lenders (other than in accordance with Section 2.19
      or
      Section 2.20) or subject the Lenders to any additional obligations,
      (c) reduce the principal of, or interest on, the Revolving Credit Advances
      or any fees or other amounts payable hereunder, (d) postpone any date fixed
      for any payment of principal of, or interest on, the Revolving Credit Advances
      or any fees or other amounts payable hereunder (other than in accordance with
      Section 2.20) , (e) change the percentage of the Revolving Credit
      Commitments or of the aggregate unpaid principal amount of the Revolving Credit
      Advances, or the number of Lenders, that shall be required for the Lenders
      or
      any of them to take any action hereunder, (f) release or otherwise limit the
      Company's liability with respect to its obligations under Article VII or (g)
      amend this Section 9.01; and provided further
      that (x)
      no amendment, waiver or consent shall, unless in writing and signed by the
      Agent
      in addition to the Lenders required above to take such action, affect the rights
      or duties of the Agent under this Agreement or any Note, (y) no amendment,
      waiver or consent shall, unless in writing and signed by each of the Issuing
      Banks in addition to the Lenders required above to take such action, affect
      the
      rights or duties of any of the Issuing Banks in their capacities as such under
      this Agreement and (z) no amendment, waiver or consent of Section 9.07(f) shall,
      unless in writing and signed by each Lender that has granted a funding option
      to
      an SPC in addition to the Lenders required above to take such action, affect
      the
      rights or duties of such Lender or SPC under this Agreement or any
      Note.

     

    SECTION
      9.02. Notices,
      Etc.
      All
      notices and other communications provided for hereunder shall be in writing
      (including telecopier communication) and mailed, telecopied or delivered, if
      to
      the Company or any other Borrower, at the Company's address at 100 North Eastman
      Road, Kingsport, Tennessee 37662, Attention: Treasurer; if to any Initial
      Lender, at its Domestic Lending Office specified opposite its name on
      Schedule I hereto; if to any other Lender, at its Domestic Lending Office
      specified in the Assumption Agreement or the Assignment and Acceptance pursuant
      to which it became a Lender; and if to the Agent, at its address at Two Penns
      Way, New Castle, Delaware 19720, Attention: Bank Loan Syndications Department;
      or, as to the Company or the Agent, at such other address as shall be designated
      by such party in a written notice to the other parties and, as to each other
      party, at such other address as shall be designated by such party in a written
      notice to the Company and the Agent. All such notices and communications shall,
      when mailed, or telecopied, be effective when deposited in the mails or
      telecopied, respectively, except that notices and communications to the Agent
      pursuant to Article II, III or VII shall not be effective until received by
      the Agent. Delivery by telecopier of an executed counterpart of any amendment
      or
      waiver of any provision of this Agreement or the Notes or of any Exhibit hereto
      to be executed and delivered hereunder shall be effective as delivery of a
      manually executed counterpart thereof.

     

    SECTION
      9.03.
      No
      Waiver; Remedies.
      No
      failure on the part of any Lender or the Agent to exercise, and no delay in
      exercising, any right hereunder or under any Note shall operate as a waiver
      thereof; nor shall any single or partial exercise of any such right preclude
      any
      other or further exercise thereof or the exercise of any other right. The
      remedies herein provided are cumulative and not exclusive of any remedies
      provided by law.

     

    SECTION
      9.04. Costs
      and Expenses.
      (a) The
      Company agrees to pay on demand all reasonable costs and expenses of the Agent
      in connection with the preparation, execution, delivery, administration,
      modification and amendment of this Agreement, the Notes and the other documents
      to be delivered hereunder, including, without limitation, (A) all
      reasonable due diligence, syndication (including printing, distribution and
      bank
      meetings), transportation, computer, duplication, appraisal, consultant, and
      audit expenses and (B) the reasonable fees and expenses of counsel for the
      Agent with respect thereto and with respect to advising the Agent as to its
      rights and responsibilities under this Agreement. The Company further agrees
      to
      pay on demand all costs and expenses of the Agent and the Lenders, if any
      (including, without limitation, reasonable counsel fees and expenses), in
      connection with the enforcement (whether through negotiations, legal proceedings
      or otherwise) of this Agreement, the Notes and the other documents to be
      delivered hereunder, including, without limitation, reasonable fees and expenses
      of counsel for the Agent and each Lender in connection with the enforcement
      of
      rights under this Section 9.04(a).

     

    (b) The
      Company agrees to indemnify and hold harmless the Agent and each Lender and
      each
      of their Affiliates and their officers, directors, employees, agents and
      advisors (each, an "Indemnified Party") from and against any and all claims,
      damages, losses, liabilities and expenses (including, without limitation,
      reasonable fees and expenses of counsel) incurred by or asserted or awarded
      against any Indemnified Party, in each case arising out of or in connection
      with
      or by reason of (including, without limitation, in connection with any
      investigation, litigation or proceeding or preparation of a defense in
      connection therewith) (i) the Notes, this Agreement, any of the
      transactions contemplated herein or the actual or proposed use of the proceeds
      of the Advances or (ii) the actual or alleged presence of Hazardous
      Materials on any property of the Company or any of its Subsidiaries or any
      Environmental Action relating in any way to the Company or any of its
      Subsidiaries, except to the extent such claim, damage, loss, liability or
      expense is found in a final, non-appealable judgment by a court of competent
      jurisdiction to have resulted from such Indemnified Party's gross negligence
      or
      willful misconduct. In the case of an investigation, litigation or other
      proceeding to which the indemnity in this Section 9.04(b) applies, such
      indemnity shall be effective whether or not such investigation, litigation
      or
      proceeding is brought by the Company, its directors, shareholders or creditors
      or an Indemnified Party or any other Person or any Indemnified Party is
      otherwise a party thereto and whether or not the transactions contemplated
      hereby are consummated. The Company also agrees not to assert any claim for
      special, indirect, consequential or punitive damages against the Agent, any
      Lender, any of their Affiliates, or any of their respective directors, officers,
      employees, attorneys and agents, on any theory of liability, arising out of
      or
      otherwise relating to the Notes, this Agreement, any of the transactions
      contemplated herein or the actual or proposed use of the proceeds of the
      Advances.

     

    (c) If
      any
      payment of principal of, or Conversion of, any Eurodollar Rate Advance, LIBO
      Rate Advance is made by any Borrower to or for the account of a Lender other
      than on the last day of the Interest Period for such Advance, as a result of
      a
      payment or Conversion pursuant to Section 2.09(d) or (e), 2.11 or 2.13,
      acceleration of the maturity of the Notes pursuant to Section 6.01 or for
      any other reason, or by an Eligible Assignee to a Lender other than on the
      last
      day of the Interest Period for such Advance upon an assignment of rights and
      obligations under this Agreement pursuant to Section 9.07 as a result of a
      demand by the Company pursuant to Section 9.07(a), such Borrower shall, upon
      demand by such Lender (with a copy of such demand to the Agent), pay to the
      Agent for the account of such Lender any amounts required to compensate such
      Lender for any additional losses, costs or expenses that it may reasonably
      incur
      as a result of such payment or Conversion, including, without limitation, any
      loss (including loss of anticipated profits), cost or expense incurred by reason
      of the liquidation or reemployment of deposits or other funds acquired by any
      Lender to fund or maintain such Advance.

     

    (d) Without
      prejudice to the survival of any other agreement of the Borrowers hereunder,
      the
      agreements and obligations of the Borrowers contained in Sections 2.12,
      2.15 and 9.04 shall survive the payment in full of principal, interest and
      all
      other amounts payable hereunder and under the Notes.

     

    SECTION
      9.05. Right
      of Set-off.
      Upon
      (i) the occurrence and during the continuance of any Event of Default and
      (ii) the making of the request or the granting of the consent specified by
      Section 6.01 to authorize the Agent to declare the Notes due and payable
      pursuant to the provisions of Section 6.01, each Lender and each of its
      Affiliates is hereby authorized at any time and from time to time, to the
      fullest extent permitted by law, to set off and apply any and all deposits
      (general or special, time or demand, provisional or final) at any time held
      and
      other indebtedness at any time owing by such Lender or such Affiliate to or
      for
      the credit or the account of the Company or any Borrower against any and all
      of
      the obligations of the Company or any Borrower now or hereafter existing under
      this Agreement and the Note held by such Lender, whether or not such Lender
      shall have made any demand under this Agreement or such Note and although such
      obligations may be unmatured. Each Lender agrees promptly to notify the
      applicable Borrower after any such set-off and application, provided
      that the
      failure to give such notice shall not affect the validity of such set-off and
      application. The rights of each Lender and its Affiliates under this Section
      are
      in addition to other rights and remedies (including, without limitation, other
      rights of set-off) that such Lender and its Affiliates may have.

     

    SECTION
      9.06. Binding
      Effect.
      This
      Agreement shall become effective (other than Sections 2.01 and 2.03, which
      shall only become effective upon satisfaction of the conditions precedent set
      forth in Section 3.01) when it shall have been executed by the Company and
      the Agent and when the Agent shall have been notified by each Initial Lender
      that such Initial Lender has executed it and thereafter shall be binding upon
      and inure to the benefit of the Company, the Agent and each Lender and their
      respective successors and assigns, except that neither the Company nor any
      other
      Borrower shall have the right to assign its rights hereunder or any interest
      herein without the prior written consent of the Lenders.

     

    SECTION
      9.07. Assignments
      and Participations.
      (a)
      Each Lender may and, if demanded by the Company (following a demand by such
      Lender pursuant to Section 2.12 or 2.15 or a notice under Section 2.13 and
      so long as no Event of Default has occurred and is continuing) upon at least
      5
      Business Days' notice to such Lender and the Agent, will assign to one or more
      Persons all or a portion of its rights and obligations under this Agreement
      (including, without limitation, all or a portion of its Revolving Credit
      Commitment, its Unissued Letter of Credit Commitment, the Revolving Credit
      Advances owing to it, its participations in Letters of Credit and the Revolving
      Credit Note or Notes held by it); provided,
      however,
      that
      (i) each such assignment shall be of a constant, and not a varying,
      percentage of all rights and obligations under this Agreement (other than any
      right to make Competitive Bid Advances, Competitive Bid Advances owing to it
      and
      Competitive Bid Notes) related to the Revolving Credit Commitments or the
      Unissued Letter of Credit Commitments assigned thereby , (ii) except in the
      case of an assignment to a Person that, immediately prior to such assignment,
      was a Lender or an assignment of all of a Lender's Revolving Credit Commitments
      and related rights and obligations or all of an Issuing Bank's Unissued Letter
      of Credit Commitment and related rights and obligations under this Agreement,
      the amount of (x) the Revolving Credit Commitment of the assigning Lender being
      assigned pursuant to each such assignment (determined as of the date of the
      Assignment and Acceptance with respect to such assignment) shall in no event
      be
      less than $10,000,000 or an integral multiple of $1,000,000 in excess thereof
      and (y) the Unissued Letter of Credit Commitment of the assigning Issuing Bank
      being assigned pursuant to each such assignment (determined as of the date
      of
      the Assignment and Acceptance with respect to such assignment) shall in no
      event
      be less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof,
      (iii) each such assignment shall be to an Eligible Assignee, (iv) each such
      assignment made as a result of a demand by the Company pursuant to this
      Section 9.07(a) shall be arranged by the Company after consultation with
      the Agent and shall be either an assignment of all of the rights and obligations
      of the assigning Lender under this Agreement or an assignment of a portion
      of
      such rights and obligations made concurrently with another such assignment
      or
      other such assignments that together cover all of the rights and obligations
      of
      the assigning Lender under this Agreement, (v) no Lender shall be obligated
      to make any such assignment as a result of a demand by the Company pursuant
      to
      this Section 9.07(a) unless and until such Lender shall have received one
      or more payments from either the Company or one or more Eligible Assignees
      in an
      aggregate amount at least equal to the aggregate outstanding principal amount
      of
      the Advances owing to such Lender, together with accrued interest thereon to
      the
      date of payment of such principal amount and all other amounts payable to such
      Lender under this Agreement, and (vi) the parties to each such assignment
      shall execute and deliver to the Agent, for its acceptance and recording in
      the
      Register, an Assignment and Acceptance, together with any Revolving Credit
      Note
      subject to such assignment and a processing and recordation fee of $3,500
      payable by the parties to each such assignment, provided,
      however,
      that in
      the case of each assignment made as a result of a demand by the Company, such
      recordation fee shall be payable by the Company except that no such recordation
      fee shall be payable in the case of an assignment made at the request of the
      Company to an Eligible Assignee that is an existing Lender, and (vii) any Lender
      may, without the approval of the Company and the Agent, assign all or a portion
      of its rights to any of its Affiliates. Upon such execution, delivery,
      acceptance and recording, from and after the effective date specified in each
      Assignment and Acceptance, (x) the assignee thereunder shall be a party
      hereto and, to the extent that rights and obligations hereunder have been
      assigned to it pursuant to such Assignment and Acceptance, have the rights
      and
      obligations of a Lender hereunder and (y) the Lender assignor thereunder
      shall, to the extent that rights and obligations hereunder have been assigned
      by
      it pursuant to such Assignment and Acceptance, relinquish its rights (other
      than
      its rights under Section 2.12, 2.13, 2.15 and 9.04 to the extent any claim
      thereunder relates to an event arising prior such assignment) and be released
      from its obligations (other than its obligations under Section 8.05 to the
      extent any claim thereunder relates to an event arising prior such assignment)
      under this Agreement (and, in the case of an Assignment and Acceptance covering
      all or the remaining portion of an assigning Lender's rights and obligations
      under this Agreement, such Lender shall cease to be a party
      hereto).

     

    (b) By
      executing and delivering an Assignment and Acceptance, the Lender assignor
      thereunder and the assignee thereunder confirm to and agree with each other
      and
      the other parties hereto as follows: (i) other than as provided in such
      Assignment and Acceptance, such assigning Lender makes no representation or
      warranty and assumes no responsibility with respect to any statements,
      warranties or representations made in or in connection with this Agreement
      or
      the execution, legality, validity, enforceability, genuineness, sufficiency
      or
      value of, or the perfection or priority of any lien or security interest created
      or purported to be created under or in connection with, this Agreement or any
      other instrument or document furnished pursuant hereto; (ii) such assigning
      Lender makes no representation or warranty and assumes no responsibility with
      respect to the financial condition of the Company or any other Borrower or
      the
      performance or observance by the Company or any other Borrower of any of its
      obligations under this Agreement or any other instrument or document furnished
      pursuant hereto; (iii) such assignee confirms that it has received a copy
      of this Agreement, together with copies of the financial statements referred
      to
      in Section 4.01 and such other documents and information as it has deemed
      appropriate to make its own credit analysis and decision to enter into such
      Assignment and Acceptance; (iv) such assignee will, independently and
      without reliance upon the Agent, such assigning Lender or any other Lender
      and
      based on such documents and information as it shall deem appropriate at the
      time, continue to make its own credit decisions in taking or not taking action
      under this Agreement; (v) such assignee confirms that it is an Eligible
      Assignee; (vi) such assignee appoints and authorizes the Agent to take such
      action as agent on its behalf and to exercise such powers and discretion under
      this Agreement as are delegated to the Agent by the terms hereof, together
      with
      such powers and discretion as are reasonably incidental thereto; and
      (vii) such assignee agrees that it will perform in accordance with their
      terms all of the obligations that by the terms of this Agreement are required
      to
      be performed by it as a Lender.

     

    (c) Upon
      its
      receipt of an Assignment and Acceptance executed by an assigning Lender and
      an
      assignee representing that it is an Eligible Assignee, together with any
      Revolving Credit Note or Notes subject to such assignment, the Agent shall,
      if
      such Assignment and Acceptance has been completed and is in substantially the
      form of Exhibit C hereto, (i) accept such Assignment and Acceptance,
      (ii) record the information contained therein in the Register and
      (iii) give prompt notice thereof to the Company. 

     

    (d) The
      Agent
      shall maintain at its address referred to in Section 9.02 a copy of each
      Assumption Agreement and each Assignment and Acceptance delivered to and
      accepted by it and a register for the recordation of the names and addresses
      of
      the Lenders and the Commitment of, and principal amount of the Advances owing
      to, each Lender from time to time (the "Register").
      The
      entries in the Register shall be conclusive and binding for all purposes, absent
      manifest error, and the Company, the other Borrowers, the Agent and the Lenders
      may treat each Person whose name is recorded in the Register as a Lender
      hereunder for all purposes of this Agreement. The Register shall be available
      for inspection by the Company or any Lender at any reasonable time and from
      time
      to time upon reasonable prior notice.

     

    (e) Each
      Lender may sell participations to one or more banks or other entities (other
      than the Company or any of its Affiliates) in or to all or a portion of its
      rights and obligations under this Agreement (including, without limitation,
      all
      or a portion of its Commitment, the Advances owing to it and any Note or Notes
      held by it); provided,
      however,
      that
      (i) such Lender's obligations under this Agreement (including, without
      limitation, its Commitment hereunder) shall remain unchanged, (ii) such
      Lender shall remain solely responsible to the other parties hereto for the
      performance of such obligations, (iii) such Lender shall remain the holder
      of any such Note for all purposes of this Agreement, (iv) the Company, the
      other Borrowers, the Agent and the other Lenders shall continue to deal solely
      and directly with such Lender in connection with such Lender's rights and
      obligations under this Agreement and (v) no participant under any such
      participation shall have any right to approve any amendment or waiver of any
      provision of this Agreement or any Note, or any consent to any departure by
      the
      Company or any other Borrower therefrom, except to the extent that such
      amendment, waiver or consent would reduce the principal of, or interest on,
      the
      Notes or any fees or other amounts payable hereunder, in each case to the extent
      subject to such participation, or postpone any date fixed for any payment of
      principal of, or interest on, the Notes or any fees or other amounts payable
      hereunder, in each case to the extent subject to such
      participation.

     

    (f) Each
      Lender may grant to a special purpose funding vehicle (an "SPC")
      the
      option to fund all or any part of any Advance that such Lender is obligated
      to
      fund under this Agreement (and upon the exercise by such SPC of such option
      to
      fund, such Lender's obligations with respect to such Advance shall be deemed
      satisfied to the extent of any amounts funded by such SPC); provided,
      however,
      that
      (i) such Lender's obligations under this Agreement (including, without
      limitation, its Commitment to the Company hereunder) shall remain unchanged,
      (ii) such Lender shall remain solely responsible to the other parties hereto
      for
      the performance of such obligations, (iii) each Borrower, the Administrative
      Agent and the other Lenders shall continue to deal solely and directly with
      such
      Lender in connection with such Lender's rights and obligations under this
      Agreement, (iv) any such option granted to an SPC shall not constitute a
      commitment by such SPC to fund any Advance, (v) neither the grant nor the
      exercise of such option to an SPC shall increase the costs or expenses or
      otherwise increase or change the obligations of any Borrower under this
      Agreement (including, without limitation, its obligations under Section 2.15)
      and (vi) no SPC shall have any right to approve any amendment or waiver of
      any
      provision of this Agreement or any Note, or any consent to any departure by
      any
      Borrower therefrom, except to the extent that such amendment, waiver or consent
      would reduce the principal of, or interest on, the Notes or any fees or other
      amounts payable hereunder, in each case to the extent subject to such grant
      of
      funding option, or postpone any date fixed for any payment of principal of,
      or
      interest on, the Notes or any fees or other amounts payable hereunder, in each
      case to the extent subject to such grant of funding option. Each party to this
      Agreement hereby agrees that no SPC shall be liable for any indemnity or payment
      under this Agreement for which a Lender would otherwise be liable. In
      furtherance of the foregoing, each party hereto hereby agrees (which agreements
      shall survive the termination of this Agreement) that, prior to the date that
      is
      one year and one day after the payment in full of all outstanding commercial
      paper or other senior indebtedness of any SPC, it will not institute against,
      or
      join any other Person in instituting against, such SPC any bankruptcy,
      reorganization, arrangement, insolvency or liquidation proceedings under the
      laws of the United States or any State thereof.

     

    (g) Any
      Lender may, in connection with any assignment, participation or grant of funding
      option or proposed assignment, participation or grant of funding option pursuant
      to this Section 9.07, disclose to the assignee, participant or SPC or
      proposed assignee, participant or SPC, any information relating to any Borrower
      furnished to such Lender by or on behalf of such Borrower; provided
      that,
      prior to any such disclosure, the assignee, participant or SPC or proposed
      assignee, participant or SPC shall agree in writing to preserve the
      confidentiality of any Confidential Information relating to any Borrower
      received by it from such Lender.

     

    (h) Notwithstanding
      any other provision set forth in this Agreement, any Lender may at any time
      create a security interest in all or any portion of its rights under this
      Agreement (including, without limitation, the Advances owing to it and any
      Note
      or Notes held by it) in favor of any Federal Reserve Bank in accordance with
      Regulation A of the Board of Governors of the Federal Reserve
      System.

     

    SECTION
      9.08. Confidentiality.
      Neither
      the Agent nor any Lender or SPC shall disclose any Confidential Information
      to
      any other Person without the consent of the Company, other than (a) to the
      Agent's or such Lender's Affiliates and their officers, directors, employees,
      agents and advisors and, as contemplated by Section 9.07(g), to actual or
      prospective assignees, participants and SPCs, and then only on a confidential
      basis, (b) as required by any law, rule or regulation or judicial process
      and (c) as requested or required by any state, federal or foreign authority
      or examiner regulating banks or banking or pursuant to any request of any
      self-regulatory body having authority to regulate or oversee any aspect of
      any
      Lender's business or that or any of its affiliates.

     

    SECTION
      9.09. Designated
      Subsidiaries.
      (a)
Designation.
      The
      Company may at any time, and from time to time, by delivery to the Agent of
      a
      Designation Agreement duly executed by the Company and the respective Subsidiary
      and substantially in the form of Exhibit F hereto, designate such
      Subsidiary as a "Designated Subsidiary" for purposes of this Agreement and
      such
      Subsidiary shall thereupon become a "Designated Subsidiary" for purposes of
      this
      Agreement and, as such, shall have all of the rights and obligations of a
      Borrower hereunder. The Agent shall promptly notify each Lender of each such
      designation by the Company and the identity of the respective
      Subsidiary.

     

    (b) Termination.
      Upon
      the payment and performance in full of all of the indebtedness, liabilities
      and
      obligations under this Agreement of any Designated Subsidiary then, so long
      as
      at the time no Notice of Revolving Credit Borrowing or Notice of Competitive
      Bid
      Borrowing in respect of such Designated Subsidiary is outstanding, such
      Subsidiary's status as a "Designated Subsidiary" shall terminate upon notice
      to
      such effect from the Agent to the Lenders (which notice the Agent shall give
      promptly, and only upon its receipt of a request therefor from the Company).
      Thereafter, the Lenders shall be under no further obligation to make any Advance
      hereunder to such Designated Subsidiary.

     

    SECTION
      9.10. Governing
      Law.
      This
      Agreement and the Notes shall be governed by, and construed in accordance with,
      the laws of the State of New York.

     

    SECTION
      9.11. Execution
      in Counterparts.
      This
      Agreement may be executed in any number of counterparts and by different parties
      hereto in separate counterparts, each of which when so executed shall be deemed
      to be an original and all of which taken together shall constitute one and
      the
      same agreement. Delivery of an executed counterpart of a signature page to
      this
      Agreement by telecopier shall be effective as delivery of a manually executed
      counterpart of this Agreement.

     

    SECTION
      9.12. Jurisdiction,
      Etc.
      (a)
      Each of the parties hereto hereby irrevocably and unconditionally submits,
      for
      itself and its property, to the nonexclusive jurisdiction of any New York
      State court or federal court of the United States of America sitting in
      New York City, and any appellate court from any thereof, in any action or
      proceeding arising out of or relating to this Agreement or the Notes, or for
      recognition or enforcement of any judgment, and each of the parties hereto
      hereby irrevocably and unconditionally agrees that all claims in respect of
      any
      such action or proceeding may be heard and determined in any such New York
      State court or, to the extent permitted by law, in such federal court. The
      Company and each other Borrower hereby agree that service of process in any
      such
      action or proceeding brought in the any such New York State court or in such
      federal court may be made upon Corporation Service Company at its offices at
      80
      State Street, Albany, New York 12207 (the "Process
      Agent")
      and
      the Company and each other Borrower hereby irrevocably appoint the Process
      Agent
      as its authorized agent to accept such service of process, and agree that the
      failure of the Process Agent to give any notice of any such service shall not
      impair or affect the validity of such service or of any judgment rendered in
      any
      action or proceeding based thereon. The Company and each other Borrower hereby
      further irrevocably consent to the service of process in any action or
      proceeding in such courts by the mailing thereof by any parties hereto by
      registered or certified mail, postage prepaid, to the Company at its address
      specified pursuant to Section 9.02. 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 shall affect any right that any
      party
      may otherwise have to bring any action or proceeding relating to this Agreement
      or the Notes in the courts of any jurisdiction.

     

    (b) Each
      of
      the parties hereto irrevocably and unconditionally waives, to the fullest extent
      it may legally and effectively do so, any objection that it may now or hereafter
      have to the laying of venue of any suit, action or proceeding arising out of
      or
      relating to this Agreement or the Notes in any New York State or federal
      court. Each of the parties hereto hereby irrevocably waives, to the fullest
      extent permitted by law, the defense of an inconvenient forum to the maintenance
      of such action or proceeding in any such court.

     

    SECTION
      9.13. No
      Liability of the Issuing Banks.
      Each
      Borrower assumes all risks of the acts or omissions of any beneficiary or
      transferee of any Letter of Credit with respect to its use of such Letter of
      Credit. Neither an Issuing Bank nor any of its officers or directors shall
      be
      liable or responsible for: (a) the use that may be made of any Letter of Credit
      or any acts or omissions of any beneficiary or transferee in connection
      therewith; (b) the validity, sufficiency or genuineness of documents, or of
      any
      endorsement thereon, even if such documents should prove to be in any or all
      respects invalid, insufficient, fraudulent or forged; (c) payment by such
      Issuing Bank against presentation of documents that do not comply with the
      terms
      of a Letter of Credit, including failure of any documents to bear any reference
      or adequate reference to the Letter of Credit; or (d) any other circumstances
      whatsoever in making or failing to make payment under any Letter of Credit,
      except that the applicable Borrower shall have a claim against such Issuing
      Bank, and such Issuing Bank shall be liable to such Borrower, to the extent
      of
      any direct, but not consequential, damages suffered by such Borrower that such
      Borrower proves were caused by (i) such Issuing Bank's willful misconduct or
      gross negligence as determined in a final, non-appealable judgment by a court
      of
      competent jurisdiction in determining whether documents presented under any
      Letter of Credit comply with the terms of such Letter of Credit or
      (ii) such Issuing Bank's willful failure to make lawful payment under a
      Letter of Credit after the presentation to it of a draft and certificates
      strictly complying with the terms and conditions of the Letter of Credit. In
      furtherance and not in limitation of the foregoing, such Issuing Bank 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.

     

    SECTION
      9.14. Patriot
      Act.
      Each
      Lender hereby notifies the Company, each other Borrower and each other obligor
      or grantor (each a "Loan
      Party")
      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")),
      that
      it is required to obtain, verify and record information that identifies each
      Loan Party, which information includes the name and address of each Loan Party
      and other information that will allow such Lender to identify each Loan Party
      in
      accordance with the Act.

     

    
      
        3

        NYDOCS03/793462.4

        
        

      

      
        
        

        
          

        

      

      
        
        

        EXHIBIT
          4.11

      

    

    SECTION
      9.15. Waiver
      of Jury Trial.
      Each of
      the Company, each other Borrower, the Agent and the Lenders hereby irrevocably
      waives all right to trial by jury in any action, proceeding or counterclaim
      (whether based on contract, tort or otherwise) arising out of or relating to
      this Agreement or the Notes or the actions of the Agent or any Lender in the
      negotiation, administration, performance or enforcement thereof.

     

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

     

    EASTMAN
      CHEMICAL COMPANY

     

    By
      __________________________

    Title:

     

    CITICORP
      USA, INC.,

    as
      Agent

     

    By
      __________________________

    Title:

     

    Initial
      Issuing Banks

     

    Letter
      of Credit Commitment

     

    $100,000,000 WACHOVIA
      BANK, NATIONAL ASSOCIATION

     

    By
      __________________________

    Title:

     

    $75,000,000 SUNTRUST
      BANK

     

    By
      __________________________

    Title:

     

    $25,000,000 AMSOUTH

     

    By
      __________________________

    Title:

     

    $200,000,000 Total
      of
      the Letter of Credit Commitments

    
      
        3

        NYDOCS03/793462.4

        
        

      

      
        
        

        
          

        

      

      
        
        

        EXHIBIT
          4.11

      

    

    

    Initial
      Lenders

     

    Commitment

     

    $82,750,000 CITICORP
      USA, INC.

    

    By
      __________________________

    Title:

    

    $82,750,000 JPMORGAN
      CHASE BANK, N.A.

    

    By
      __________________________

    Title:

    

    Co-Documentation
      Agents

    

    $62,500,000 DEUTSCHE
      BANK AG NEW YORK BRANCH

    

    By
      __________________________

    Title:

    

    By
      __________________________

    Title:

    

    $62,500,000 WACHOVIA
      BANK, NATIONAL ASSOCIATION

    

    By
      __________________________

    Title:

    

    $42,500,000      ABN
      AMRO
      BANK N.V.

    

    By
      __________________________

    Title:

    

    $42,500,000      BANK
      OF
      TOKYO-MITSUBISHI UFJ TRUST         COMPANY

    

    By
      __________________________

    Title:

    

    $42,500,000      BARCLAYS
      BANK PLC

    

    By
      __________________________

    Title:

     

    

    $42,500,000      HSBC
      BANK
      USA, NATIONAL ASSOCIATION

    

    By
      __________________________

    Title:

     

    

    $42,500,000      MIZUHO
      CORPORATE BANK, LTD

    

    By
      __________________________

    Title:

     

    $42,500,000      SUNTRUST
      BANK

    

    By
      __________________________

    Title:

     

    $42,500,000      THE
      ROYAL
      BANK OF SCOTLAND PLC

    

    By
      __________________________

    Title:

     

    $28,000,000      AMSOUTH
      BANK

    

    By
      __________________________

    Title:

     

    $28,000,000      THE
      BANK
      OF NEW YORK

    

    By
      __________________________

    Title:

     

    $28,000,000      MERRILL
      LYNCH BANK USA

    

    By
      __________________________

    Title:

     

    $28,000,000      THE
      NORTHERN TRUST COMPANY

    

    By
      __________________________

    Title:

     

    

    

    

    

    

    $700,000,000 Total
      of
      the Commitments

    

    

    
      
        
          NYDOCS03/793462.4

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    SCHEDULE
      I

    EASTMAN
      CHEMICAL COMPANY

    FIVE-YEAR
      CREDIT AGREEMENT

    APPLICABLE
      LENDING OFFICES

    

    
      	
              Name
                of Initial Lender

            	
              Domestic
                Lending Office

            	
              Eurodollar
                Lending Office

            
	
              ABN
                AMRO BANK N.V.

            	 	 
	
              AMSOUTH
                BANK

            	 	 
	
              CITICORP
                USA, INC.

            	
              Two
                Penns Way, Suite 200

              New
                Castle, DE 19720

              Attn:
                Laura Quashne

              T:
                302 894-6058

              F:
                212 994-0847

            	
              Two
                Penns Way, Suite 200

              New
                Castle, DE 19720

              Attn:
                Laura Quashne

              T:
                302 894-6058

              F:
                212 994-0847

            
	
              THE
                BANK OF NEW YORK

            	
              One
                Wall Street

              New
                York, NY 10286

              Attn:
                Larry Geter

              T:
                212 635-6740

              F:
                212 635-6399

            	
              One
                Wall Street

              New
                York, NY 10286

              Attn:
                Larry Geter

              T:
                212 635-6740

              F:
                212 635-6399

            
	
              BANK
                OF TOKYO-MITSUBISHI UFJ TRUST COMPANY

            	
              BTM
                Information Services, Inc.

              c/o
                Bank of Tokyo-Mitsubishi

              1251
                Avenue of the Americas

              New
                York, NY 10020

              Attn:
                Rolandu Uy

              T:
                201 413-8570

              F:
                201 521-2304

            	
              BTM
                Information Services, Inc.

              c/o
                Bank of Tokyo-Mitsubishi

              1251
                Avenue of the Americas

              New
                York, NY 10020

              Attn:
                Rolandu Uy

              T:
                201 413-8570

              F:
                201 521-2304

            
	
              BARCLAYS
                BANK PLC

            	
              200
                Park Avenue

              New
                York, NY 10166

              Attn:
                Eddie Catto

              T:
                212 412-3710

              F:
                212 412-5036

            	
              200
                Park Avenue

              New
                York, NY 10166

              Attn:
                Eddie Catto

              T:
                212 412-3710

              F:
                212 412-5036

            
	
              DEUTSCHE
                BANK AG NEW YORK BRANCH

            	
              90
                Hudson Street, Floor 1

              Jersey
                City, NJ 07302

              Attn:
                Ann-Renee Denora/Joe Cusmai

              T:
                201 593-2121/2202

              F:
                201 593-2313

            	
              90
                Hudson Street, Floor 1

              Jersey
                City, NJ 07302

              Attn:
                Ann-Renee Denora/Joe Cusmai

              T:
                201 593-2121/2202

              F:
                201 593-2313

            
	
              HSBC
                BANK USA, NATIONAL ASSOCIATION

            	
              452
                5th
                Avenue

              New
                York, NY 10018

              Attn:
                Martina Doherty

              T:
                212 525-2896

              F:
                212 525-2573

            	
              452
                5th
                Avenue

              New
                York, NY 10018

              Attn:
                Martina Doherty

              T:
                212 525-2896

              F:
                212 525-2573

            
	
              JPMORGAN
                CHASE BANK, N.A.

            	
              1111
                Fannin Street, 10th
                Floor

              Houston,
                TX 77002

              Attn:
                Sheila King

              T:
                713 750-2242

              F:
                713 750-2782

            	
              1111
                Fannin Street, 10th
                Floor

              Houston,
                TX 77002

              Attn:
                Sheila King

              T:
                713 750-2242

              F:
                713 750-2782

            
	
              MERRILL
                LYNCH BANK USA

            	
              15
                W. South Temple, Suite 300

              Salt
                Lake City, UT 84101

              Attn:
                Darryl Johnson

              T:
                801 933-8611

              F:
                801 531-7470

            	
              15
                W. South Temple, Suite 300

              Salt
                Lake City, UT 84101

              Attn:
                Darryl Johnson

              T:
                801 933-8611

              F:
                801 531-7470

            
	
              MIZUHO
                CORPORATE BANK, LTD.

            	
              Attn:
                Wai-Kuen Wang

              T:
                201 626-9304

              F:
                201 626-9935

            	
              Attn:
                Wai-Kuen Wang

              T:
                201 626-9304

              F:
                201 626-9935

            
	
              THE
                NORTHERN TRUST COMPANY

            	
              50
                S. LaSalle

              Chicago,
                IL 60675

              Attn:
                Linda Honda

              T:
                312-444-3532

              F:
                312 630-1566

            	
              50
                S. LaSalle

              Chicago,
                IL 60675

              Attn:
                Linda Honda

              T:
                312-444-3532

              F:
                312 630-1566

            
	
              THE
                ROYAL BANK OF SCOTLAND PLC

            	
              101
                Park Avenue, 6th
                Floor

              New
                York, NY 10178

              Attn:
                Sheila Shaw/Juanita Baird

              T:
                212 401-1406

              F:
                212 401-1494

            	
              101
                Park Avenue, 6th
                Floor

              New
                York, NY 10178

              Attn:
                Sheila Shaw/Juanita Baird

              T:
                212 401-1406

              F:
                212 401-1494

            
	
              SUNTRUST
                BANK

            	
              P.O.
                Box 4418

              Mail
                Code 1941

              Atlanta,
                GA

              Attn:
                Simone Hendricks

              T:
                404 588-7077

              F:
                404 230-1940

            	
              P.O.
                Box 4418

              Mail
                Code 1941

              Atlanta,
                GA

              Attn:
                Simone Hendricks

              T:
                404 588-7077

              F:
                404 230-1940

            
	
              WACHOVIA
                BANK, NATIONAL ASSOCIATION

            	
              201
                S College Street, NC1183

              Charlotte,
                NC 28244

              Attn:
                Crystal
                James

              T:
                704-715-9645

              F:
                704-715-0095

            	
              201
                S College Street, NC1183

              Charlotte,
                NC 28244

              Attn:
                Crystal
                James

              T:
                704-715-9645

              F:
                704-715-0095

            
	 	 	 

    

    

    

    
      
        
          NYDOCS03/793462.4 

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    Schedule
      2.01(b) - Letters of Credit

     

    

     

    Pitney
      Bowes Credit Corp in the amount of $5,726,400 with Wachovia as Issuing Bank
      and
      with an expiration date of October 29, 2006.

     

    PNC
      in
      the amount of $2,273,600 with Wachovia as Issuing Bank and with an expiration
      date of October 29, 2006.

     

    State
      of
      Tennessee, Department of Revenue in the amount of $18,107,338 with AmSouth
      as
      Issuing Bank and with an expiration date of March 9, 2007.

     

    State
      of
      Tennessee, Department of Revenue in the amount of $1,310,073 with AmSouth as
      Issuing Bank and with an expiration date of March 9, 2007.

     

    

     

    

     

    
      
        
          NYDOCS03/793462.4 

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    Schedule
      4.01(a) - Subsidiaries

     

    

     

    Material
      Subsidiaries:

     

    None

     

    

     

    Principal
      Subsidiaries:

     

    None

     

    

     

    Domestic
      Subsidiaries:

     

    Cendian
      Corporation

     

    Cendian
      International, Inc.

     

    Eastman
      Chemical Company Investments, Inc.

     

    Eastman
      Chemical, Europe, Middle East, and Africa, Ltd. 

     

    Eastman
      Chemical Financial Corporation

     

    Eastman
      Chemical Latin America, Inc.

     

    Eastman
      Chemical Ltd.

     

    Eastman
      Chemical Resins, Inc

     

    Eastman
      Cogen Management L.L.C.

     

    Eastman
      Cogeneration L.P.

     

    Eastman
      Company

     

    Eastman
      Ethylene Polymers, Inc.

     

    Eastman
      Gasification Services Company

     

    Eastman
      International Management Company

     

    Eastman
      SE, Inc.

     

    Enterprise
      Genetics, Inc.

     

    
      
        NYDOCS03/793462.4 

        
        

      

      
        
        

        
          

        

      

      
        
        

        EXHIBIT
          4.11

      

    

    Schedule
      4.01(a) - Subsidiaries

     

    

     

    Domestic
      Subsidiaries (continued)

     

    Holston
      Defense Corporation

     

    Kingsport
      Hotel, L.L.C.

     

    Mustang
      Pipeline Company

     

    Pinto
      Pipeline Company of Texas

     

    VESA
      Holdings, L.L.C.

     

    Voridian
      Company

     

    Voridian
      Spain L.L.C.

     

    

     

    
      
        
          NYDOCS03/793462.4 

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    Schedule
      4.01(d) - Disclosed Litigation

     

    NONE

     

    

     

    
      
        
          NYDOCS03/793462.4 

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    Schedule
      4.01(i) - Tax Sharing Agreements

     

    

     

    NONE

     

    

     

    
      
        
          NYDOCS03/793462.4 

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    Schedule
      4.01(m) - Environmental Matters

     

    NONE

     

    

     

    

     

    
      
        
          NYDOCS03/793462.4 

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    Schedule
      5.02(a) - Leases

     

    

     

    Lease
      Agreement with ABN AMRO Bank N.V. as lessor, dated March 30, 2005

     

    Airplane
      Lease Agreement with SunTrust Bank as agent, dated February 27,
      2003

     

    Lease
      Agreement with BLC Corporation as lessor, dated June 1, 2003

     

    

     

    

     

    

     

    

     

    

     

    
      
        
          NYDOCS03/793462.4 

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    Schedule
      5.01(d)  

     

    Tax
      Filings with any Person Other than the Borrower and its
      Subsidiaries

     

    

     

    NONE

     

    

     

    

     

    
      
        
          NYDOCS03/793462.4 

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    EXHIBIT
      A-1 - FORM OF

    REVOLVING
      CREDIT

    PROMISSORY
      NOTE

     

    U.S.$_______________     Dated:
      _______________, 200_

     

    FOR
      VALUE
      RECEIVED, the undersigned, [EASTMAN CHEMICAL COMPANY] [DESIGNATED SUBSIDIARY],
      a
      __________ corporation (the "Borrower"),
      HEREBY PROMISES TO PAY to the order of _________________________ (the
      "Lender")
      for
      the account of its Applicable Lending Office on the Termination Date (each
      as
      defined in the Credit Agreement referred to below) the principal sum of
      U.S.$[amount of the Lender's Commitment in figures] or, if less, the aggregate
      principal amount of the Revolving Credit Advances made by the Lender to the
      Borrower pursuant to the Amended and Restated Five-Year Credit Agreement dated
      as of April 3, 2006 among the Borrower, [Eastman Chemical Company,] the Lender
      and certain other lenders parties thereto, and Citicorp USA, Inc. as Agent
      for
      the Lender and such other lenders (as amended or modified from time to time,
      the
      "Credit
      Agreement";
      the
      terms defined therein being used herein as therein defined) outstanding on
      the
      Termination Date.

     

    The
      Borrower promises to pay interest on the unpaid principal amount of each
      Revolving Credit Advance from the date of such Revolving Credit Advance until
      such principal amount is paid in full, at such interest rates, and payable
      at
      such times, as are specified in the Credit Agreement.

     

    Both
      principal and interest are payable in lawful money of the United States of
      America to CUSA, as Agent, at 399 Park Avenue, New York, New York 10043, in
      same
      day funds. Each Revolving Credit Advance owing to the Lender by the Borrower
      pursuant to the Credit Agreement, and all payments made on account of principal
      thereof, shall be recorded by the Lender and, prior to any transfer hereof,
      endorsed on the grid attached hereto which is part of this Promissory
      Note.

     

    This
      Promissory Note is one of the Revolving Credit Notes referred to in, and is
      entitled to the benefits of, the Credit Agreement. The Credit Agreement, among
      other things, (i) provides for the making of Revolving Credit Advances by
      the Lender to the Borrower from time to time in an aggregate amount not to
      exceed at any time outstanding the U.S. dollar amount first above mentioned,
      the
      indebtedness of the Borrower resulting from each such Revolving Credit Advance
      being evidenced by this Promissory Note and (ii) contains provisions for
      acceleration of the maturity hereof upon the happening of certain stated events
      and also for prepayments on account of principal hereof prior to the maturity
      hereof upon the terms and conditions therein specified.

     

    EASTMAN
      CHEMICAL COMPANY [DESIGNATED SUBSIDIARY]

     

    By
      __________________________

    Title:

    
      
        NYDOCS03/793462.4 

        
        

      

      
        
        

        
          

        

      

      
        
        

        EXHIBIT
          4.11

      

    

    ADVANCES
      AND PAYMENTS OF PRINCIPAL

    

    

    

    
      	
               

              Date

            	
               

              Amount
                of

              Advance

            	
              Amount
                of

              Principal
                Paid

              or
                Prepaid

            	
               

              Unpaid
                Principal

              Balance

            	
               

              Notation

              Made
                By

            
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

    

    

    

    
      
        
          NYDOCS03/793462.4 

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    EXHIBIT
      A-2 - FORM OF

    COMPETITIVE
      BID

    PROMISSORY
      NOTE

     

    U.S.$_______________     Dated:
      _______________, 200_

     

    FOR
      VALUE
      RECEIVED, the undersigned, [EASTMAN CHEMICAL COMPANY] [DESIGNATED SUBSIDIARY],
      a
      __________ corporation (the "Borrower"),
      HEREBY PROMISES TO PAY to the order of _________________________ (the
      "Lender")
      for
      the account of its Applicable Lending Office (as defined in the Amended and
      Restated Five-Year Credit Agreement dated as of April 3, 2006 among the
      Borrower, [Eastman Chemical Company,] the Lender and certain other lenders
      parties thereto, and Citicorp USA, Inc., as Agent for the Lender and such other
      lenders (as amended or modified from time to time, the "Credit
      Agreement";
      the
      terms defined therein being used herein as therein defined)), on
      _______________, 200_, the principal amount of
      U.S.$_______________].

     

    The
      Borrower promises to pay interest on the unpaid principal amount hereof from
      the
      date hereof until such principal amount is paid in full, at the interest rate
      and payable on the interest payment date or dates provided below:

     

    Interest
      Rate: _____% per annum (calculated on the basis of a year of _____ days for
      the
      actual number of days elapsed).

     

    Both
      principal and interest are payable in lawful money of ________________ to CUSA,
      as agent, for the account of the Lender at the office of CUSA, at
      _________________________ in same day funds.

     

    This
      Promissory Note is one of the Competitive Bid Notes referred to in, and is
      entitled to the benefits of, the Credit Agreement. The Credit Agreement, among
      other things, contains provisions for acceleration of the maturity hereof upon
      the happening of certain stated events.

     

    The
      Borrower hereby waives presentment, demand, protest and notice of any kind.
      No
      failure to exercise, and no delay in exercising, any rights hereunder on the
      part of the holder hereof shall operate as a waiver of such rights.

     

    This
      Promissory Note shall be governed by, and construed in accordance with, the
      laws
      of the State of New York.

     

    EASTMAN
      CHEMICAL COMPANY [DESIGNATED SUBSIDIARY]

     

    By
      __________________________

    Title:

    

    
      
        
          

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    EXHIBIT
      B-1 - FORM OF NOTICE OF

    REVOLVING
      CREDIT BORROWING

    Citicorp
      USA, Inc., as Agent

    for
      the
      Lenders parties

    to
      the
      Credit Agreement

    referred
      to below

    Two
      Penns
      Way

    New
      Castle, Delaware 19720

    [Date]

     

    Attention:
      Bank Loan Syndications Department

     

    Ladies
      and Gentlemen:

     

    The
      undersigned, [Eastman Chemical Company][Name of Designated Subsidiary], refers
      to the Amended and Restated Five-Year Credit Agreement, dated as of April 3,
      2006 (as amended or modified from time to time, the "Credit
      Agreement",
      the
      terms defined therein being used herein as therein defined), among the
      undersigned, certain Lenders parties thereto and Citicorp USA, Inc., as Agent
      for said Lenders, and hereby gives you notice, irrevocably, pursuant to
      Section 2.02 of the Credit Agreement that the undersigned hereby requests a
      Revolving Credit Borrowing under the Credit Agreement, and in that connection
      sets forth below the information relating to such Revolving Credit Borrowing
      (the "Proposed
      Revolving Credit Borrowing")
      as
      required by Section 2.02(a) of the Credit Agreement:

     

    (i) The
      Business Day of the Proposed Revolving Credit Borrowing is _______________,
      200_.

     

    (ii) The
      Type
      of Advances comprising the Proposed Revolving Credit Borrowing is [Base Rate
      Advances] [Eurodollar Rate Advances].

     

    (iii) The
      aggregate amount of the Proposed Revolving Credit Borrowing is
      $_______________.

     

    [(iv) The
      initial Interest Period for each Eurodollar Rate Advance made as part of the
      Proposed Revolving Credit Borrowing is _____ month[s].]

     

    The
      undersigned hereby certifies that the following statements are true on the
      date
      hereof, and will be true on the date of the Proposed Revolving Credit
      Borrowing:

     

    (A) the
      representations and warranties contained in Section 4.01 of the Credit
      Agreement (except the representations set forth in subsections (d), (f) and
      (m) thereof) [and in the Designation Agreement of the undersigned] are correct,
      before and after giving effect to the Proposed Revolving Credit Borrowing and
      to
      the application of the proceeds therefrom, as though made on and as of such
      date; and

     

    
      
        2

         

        
        

      

      
        
        

        
          

        

      

      
        
        

        EXHIBIT
          4.11

      

    

    (B) no
      event
      has occurred and is continuing, or would result from such Proposed Revolving
      Credit Borrowing or from the application of the proceeds therefrom, that
      constitutes a Default.

     

    Very
      truly yours,

     

    EASTMAN
      CHEMICAL COMPANY [DESIGNATED SUBSIDIARY]

     

    By
      __________________________

    Title:.

    

    
      
        
          

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    EXHIBIT
      B-2 - FORM OF NOTICE OF

    COMPETITIVE
      BID BORROWING

     

    Citicorp
      USA, Inc., as Agent

    for
      the
      Lenders parties

    to
      the
      Credit Agreement

    referred
      to below

    Two
      Penns
      Way

    New
      Castle, Delaware 19720

    [Date]

     

    Attention:
      Bank Loan Syndications Department

     

    Ladies
      and Gentlemen:

     

    The
      undersigned, [Eastman Chemical Company][Name of Designated Subsidiary], refers
      to the Amended and Restated Five-Year Credit Agreement, dated as of April 3,
      2006 (as amended or modified from time to time, the "Credit
      Agreement",
      the
      terms defined therein being used herein as therein defined), among the
      undersigned, certain Lenders parties thereto and Citicorp USA, Inc., as Agent
      for said Lenders, and hereby gives you notice, irrevocably, pursuant to
      Section 2.03 of the Credit Agreement that the undersigned hereby requests a
      Competitive Bid Borrowing under the Credit Agreement, and in that connection
      sets forth the terms on which such Competitive Bid Borrowing (the "Proposed
      Competitive Bid Borrowing")
      is
      requested to be made:

     

    (A) Date
      of
      Competitive Bid Borrowing ________________________

    (B) Amount
      of
      Competitive Bid Borrowing ________________________

    (C) [Maturity
      Date] [Interest Period]  ________________________

    (D) Interest
      Rate Basis   ________________________

    (E) Interest
      Payment Date(s)   ________________________

    (F) ___________________   ________________________

     

    The
      undersigned hereby certifies that the following statements are true on the
      date
      hereof, and will be true on the date of the Proposed Competitive Bid
      Borrowing:

     

    (a) the
      representations and warranties contained in Section 4.01 of the Credit
      Agreement (except the representations set forth in subsections (d), (f) and
      (m) thereof) [and in the Designation Agreement of the undersigned] are correct,
      before and after giving effect to the Proposed Competitive Bid Borrowing and
      to
      the application of the proceeds therefrom, as though made on and as of such
      date;

     

    (b) no
      event
      has occurred and is continuing, or would result from the Proposed Competitive
      Bid Borrowing or from the application of the proceeds therefrom, that
      constitutes a Default;

     

    (c) no
      event
      has occurred and no circumstance exists as a result of which the information
      concerning the undersigned that has been provided to the Agent and each Lender
      by the undersigned in connection with the Credit Agreement would include an
      untrue statement of a material fact or omit to state any material fact or any
      fact necessary to make the statements contained therein, in the light of the
      circumstances under which they were made, not misleading; and

     

    (d) the
      aggregate amount of the Proposed Competitive Bid Borrowing and all other
      Borrowings to be made on the same day under the Credit Agreement is within
      the
      aggregate amount of the unused Commitments of the Lenders.

     

    

     

    The
      undersigned hereby confirms that the Proposed Competitive Bid Borrowing is
      to be
      made available to it in accordance with Section 2.03(a)(v) of the Credit
      Agreement.

     

    Very
      truly yours,

     

    EASTMAN
      CHEMICAL COMPANY [DESIGNATED SUBSIDIARY]

     

    By
      __________________________

    Title:

    

    
      
        
          

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    EXHIBIT
      C
      - FORM OF

    ASSIGNMENT
      AND ACCEPTANCE

     

    Reference
      is made to the Amended and Restated Five-Year Credit Agreement dated as of
      April
      3, 2006 (as amended or modified from time to time, the "Credit
      Agreement")
      among
      Eastman Chemical Company, a Delaware corporation (the "Borrower"),
      the
      Lenders (as defined in the Credit Agreement) and Citicorp USA, Inc., as agent
      for the Lenders (the "Agent").
      Terms
      defined in the Credit Agreement are used herein with the same
      meaning.

     

    The
      "Assignor" and the "Assignee" referred to on Schedule I hereto agree as
      follows:

     

    1. The
      Assignor hereby sells and assigns to the Assignee, and the Assignee hereby
      purchases and assumes from the Assignor, an interest in and to the Assignor's
      rights and obligations under the Credit Agreement as of the date hereof (other
      than in respect of Competitive Bid Advances and Competitive Bid Notes) equal
      to
      the percentage interest specified on Schedule 1 hereto of all outstanding rights
      and obligations under the Credit Agreement together with participations in
      Letters of Credit held by the Assignor on the date hereof (other than in respect
      of Competitive Bid Advances and Competitive Bid Notes). After giving effect
      to
      such sale and assignment, the Assignee's Revolving Credit Commitment, Letter
      of
      Credit Commitment and the amount of the Revolving Credit Advances owing to
      the
      Assignee will be as set forth on Schedule 1 hereto.

     

    2. The
      Assignor (i) represents and warrants that it is the legal and beneficial
      owner of the interest being assigned by it hereunder and that such interest
      is
      free and clear of any adverse claim; (ii) makes no representation or
      warranty and assumes no responsibility with respect to any statements,
      warranties or representations made in or in connection with the Credit Agreement
      or the execution, legality, validity, enforceability, genuineness, sufficiency
      or value of, or the perfection or priority of any lien or security interest
      created or purported to be created under or in connection with, the Credit
      Agreement or any other instrument or document furnished pursuant thereto;
      (iii) makes no representation or warranty and assumes no responsibility
      with respect to the financial condition of the Borrower or the performance
      or
      observance by the Borrower of any of its obligations under the Credit Agreement
      or any other instrument or document furnished pursuant thereto; and
      (iv) attaches the Revolving Credit Note, if any, held by the Assignor [and
      requests that the Agent exchange such Revolving Credit Note for a new Revolving
      Credit Note payable to the order of [the Assignee in an amount equal to the
      Commitment assumed by the Assignee pursuant hereto or new Revolving Credit
      Notes
      payable to the order of the Assignee in an amount equal to the Revolving Credit
      Commitment assumed by the Assignee pursuant hereto and] the Assignor in an
      amount equal to the Revolving Credit Commitment retained by the Assignor under
      the Credit Agreement, [respectively,] as specified on Schedule 1
      hereto.

     

    3. The
      Assignee (i) confirms that it has received a copy of the Credit Agreement,
      together with copies of the financial statements referred to in
      Section 4.01 thereof and such other documents and information as it has
      deemed appropriate to make its own credit analysis and decision to enter into
      this Assignment and Acceptance; (ii) agrees that it will, independently and
      without reliance upon the Agent, the Assignor or any other Lender and based
      on
      such documents and information as it shall deem appropriate at the time,
      continue to make its own credit decisions in taking or not taking action under
      the Credit Agreement; (iii) confirms that it is an Eligible Assignee;
      (iv) appoints and authorizes the Agent to take such action as agent on its
      behalf and to exercise such powers and discretion under the Credit Agreement
      as
      are delegated to the Agent by the terms thereof, together with such powers
      and
      discretion as are reasonably incidental thereto; (v) agrees that it will
      perform in accordance with their terms all of the obligations that by the terms
      of the Credit Agreement are required to be performed by it as a Lender; and
      (vi) attaches any U.S. Internal Revenue Service forms required under
      Section 2.15 of the Credit Agreement.

     

    4. Following
      the execution of this Assignment and Acceptance, it will be delivered to the
      Agent for acceptance and recording by the Agent. The effective date for this
      Assignment and Acceptance (the "Effective
      Date")
      shall
      be the date of acceptance hereof by the Agent, unless otherwise specified on
      Schedule 1 hereto.

     

    5. Upon
      such
      acceptance and recording by the Agent, as of the Effective Date, (i) the
      Assignee shall be a party to the Credit Agreement and, to the extent provided
      in
      this Assignment and Acceptance, have the rights and obligations of a Lender
      thereunder and (ii) the Assignor shall, to the extent provided in this
      Assignment and Acceptance, relinquish its rights and be released from its
      obligations under the Credit Agreement.

     

    6. Upon
      such
      acceptance and recording by the Agent, from and after the Effective Date, the
      Agent shall make all payments under the Credit Agreement and the Revolving
      Credit Notes in respect of the interest assigned hereby (including, without
      limitation, all payments of principal, interest and facility fees with respect
      thereto) to the Assignee. The Assignor and Assignee shall make all appropriate
      adjustments in payments under the Credit Agreement and the Revolving Credit
      Notes for periods prior to the Effective Date directly between
      themselves.

     

    7. This
      Assignment and Acceptance shall be governed by, and construed in accordance
      with, the laws of the State of New York.

     

    8. This
      Assignment and Acceptance may be executed in any number of counterparts and
      by
      different parties hereto in separate counterparts, each of which when so
      executed shall be deemed to be an original and all of which taken together
      shall
      constitute one and the same agreement. Delivery of an executed counterpart
      of
      Schedule 1 to this Assignment and Acceptance by telecopier shall be effective
      as
      delivery of a manually executed counterpart of this Assignment and
      Acceptance.

     

    IN
      WITNESS WHEREOF, the Assignor and the Assignee have caused Schedule 1 to
      this Assignment and Acceptance to be executed by their officers thereunto duly
      authorized as of the date specified thereon.

    
      
        4

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        EXHIBIT
          4.11

      

    

    Schedule
      1

    to

    Assignment
      and Acceptance

     

    Percentage
      interest assigned:        _____% 

     

    Assignee's
      Revolving Credit Commitment:       $______

     

    Assignee's
      Letter of Credit Commitment:       $______

     

    Aggregate
      outstanding principal amount of Revolving Credit Advances assigned:  $______

     

    Principal
      amount of Revolving Credit Note payable to Assignee:    $______

     

    Principal
      amount of Revolving Credit Note payable to Assignor:    $______

     

    Effective
      Date* : _______________,
      200_

     

    [NAME
      OF
      ASSIGNOR], as Assignor

     

    By
      __________________________

    Title:

     

    Dated:
      _______________, 200_

     

    [NAME
      OF
      ASSIGNEE], as Assignee

     

    By
      __________________________

    Title:

     

    Dated:
      _______________, 200_

     

    Domestic
      Lending Office:

    [Address]

     

    Eurodollar
      Lending Office:

    [Address]

     

    
      
        4

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        EXHIBIT
          4.11

      

    

    Accepted
      [and Approved]** 
      this

    __________
      day of _______________, 200_

     

    CITICORP
      USA, INC., as Agent

     

    By     

    Title:

     

    [Approved
      this __________ day

    of
      _______________, 200_

     

    EASTMAN
      CHEMICAL COMPANY

     

    By     ]* 

    Title:

    

    

      

      
        
          	
                  *

                	
                  This
                    date should be no earlier than five Business Days after the delivery
                    of
                    this Assignment and Acceptance to the
                    Agent.

                

        

         

      

      
        
          	
                  **

                	
                  Required
                    if the Assignee is an Eligible Assignee solely by reason of
                    clause (iii) of the definition of "Eligible
                    Assignee".

                

        

         

      

      
        
          	
                  *

                	
                  Required
                    if the Assignee is an Eligible Assignee solely by reason of
                    clause (iii) of the definition of "Eligible
                    Assignee".

                

        

         

      

    

    
      
        
        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    EXHIBIT
      D
      - FORM OF

    OPINION
      OF COUNSEL

    FOR
      THE
      BORROWER

     

    [Restatement
      Date]

     

    To
      each
      of the Lenders parties

    to
      the
      Amended and Restated Five-Year Credit

    Agreement
      dated as of April 3, 2006

    among
      Eastman Chemical Company,

    said
      Lenders and Citicorp USA, Inc.,

    as
      Agent
      for said Lenders, and

    to
      Citicorp USA, Inc., as Agent

     

    Eastman
      Chemical Company

     

    Ladies
      and Gentlemen:

     

    This
      opinion is furnished to you pursuant to Section 3.01(h)(iv) of the Amended
      and Restated Five-Year Credit Agreement, dated as of April 3, 2006 (the
      "Credit
      Agreement"),
      among
      Eastman Chemical Company (the "Borrower"), the Lenders parties thereto and
      Citicorp USA, Inc., as Agent for said Lenders. Terms defined in the Credit
      Agreement are used herein as therein defined.

     

    I
      am
      Assistant General Counsel and Assistant Secretary of the Borrower, and offer
      these opinions in connection with the transactions contemplated by the Credit
      Agreement. Capitalized terms used herein and not otherwise defined herein have
      the meaning given to them in the Credit Agreement.

     

    In
      connection with this opinion, I or people under my direct supervision have
      examined originals or copies, certified or otherwise identified to my or their
      satisfaction, of the following:

     

    (1) The
      Credit Agreement.

     

    (2) The
      documents furnished by the Borrower pursuant to Article III of the Credit
      Agreement.

     

    (3) The
      Certificate of Incorporation of the Borrower and all amendments thereto (the
      "Charter").

     

    (4) The
      by-laws of the Borrower and all amendments thereto (the "By-laws").

     

    I
      have
      also examined the originals, or copies certified to my satisfaction, of the
      documents listed in a certificate of the chief financial officer of the
      Borrower, dated the date hereof (the "Certificate"),
      certifying that the documents listed in such certificate are all of the
      indentures, loan or credit agreements, leases, guarantees, mortgages, security
      agreements, bonds, notes and other agreements or instruments, and all of the
      orders, writs, judgments, awards, injunctions and decrees, that affect or
      purport to affect the Borrower's right to borrow money or the Borrower's
      obligations under the Credit Agreement or the Notes. In addition, I have
      examined the originals, or copies certified to my satisfaction, of such other
      corporate records of the Borrower, certificates of public officials and of
      officers of the Borrower, and agreements, instruments and other documents,
      as I
      have deemed necessary as a basis for the opinions expressed below. As to
      questions of fact material to such opinions, I have, when relevant facts were
      not independently established by me, relied upon certificates of the Borrower
      or
      its officers or of public officials. I have assumed the due execution and
      delivery, pursuant to due authorization, of the Credit Agreement by the Initial
      Lenders and the Agent.

     

    For
      purposes of this opinion, I have assumed, with your consent, that the Credit
      Agreement constitutes the valid and binding obligation of each party thereto,
      other than the Borrower, enforceable in accordance with its terms. I express
      no
      opinion as to the effect on the opinions herein stated of the compliance or
      noncompliance of any party to the Credit Agreement, other than the Borrower,
      with any state, federal or other laws or regulations applicable to such
      party.

     

    I
      am a
      member of the Bar of the State of New York and the opinions expressed herein
      are
      specifically limited to the law of the State of New York, the General
      Corporation Law of the State of Delaware and the Federal law of the United
      States.

     

    Based
      upon the foregoing and upon such investigation as I have deemed necessary,
      I am
      of the following opinion:

     

    1. The
      Borrower is a corporation duly organized, validly existing and in good standing
      under the laws of the State of Delaware.

     

    2. The
      execution, delivery and performance by the Borrower of the Credit Agreement
      and
      the Notes, and the consummation of the transactions contemplated thereby, are
      within the Borrower's corporate powers, have been duly authorized by all
      necessary corporate action, and do not contravene (i) the Charter or the
      By-laws or (ii) any law, rule or regulation applicable to the Borrower
      (including, without limitation, Regulation X of the Board of Governors of
      the Federal Reserve System) or (iii) any contractual or legal restriction
      contained in any document listed in the Certificate or, to the best of my
      knowledge, contained in any other similar document. The Credit Agreement and
      the
      Notes have been duly executed and delivered on behalf of the
      Borrower.

     

    3. No
      authorization, approval or other action by, and no notice to or filing with,
      any
      governmental authority or regulatory body or any other third party is required
      for the due execution, delivery and performance by the Borrower of the Credit
      Agreement and the Notes.

     

    4. The
      Credit Agreement is, and after giving effect to the initial Borrowing, the
      Notes
      will be, legal, valid and binding obligations of the Borrower enforceable
      against the Borrower in accordance with their respective terms.

     

    5. To
      the
      best of my knowledge, there are no pending or overtly threatened actions or
      proceedings against the Borrower or any of its Subsidiaries before any court,
      governmental agency or arbitrator that purport to affect the legality, validity,
      binding effect or enforceability of the Credit Agreement or any of the Notes
      or
      the consummation of the transactions contemplated thereby or, except as
      described in Exhibit 4.01(d) to the Credit Agreement, that are likely to
      have a materially adverse effect upon the financial condition or operations
      of
      the Borrower or any of its Subsidiaries.

     

    The
      opinions set forth above are subject to the following
      qualifications:

     

    (a) My
      opinion in paragraph 4 above as to enforceability is subject to the effect
      of
      any applicable bankruptcy, insolvency (including, without limitation, all laws
      relating to fraudulent transfers), reorganization, moratorium or similar law
      affecting creditors' rights generally.

     

    (b) My
      opinion in paragraph 4 above as to enforceability is subject to the effect
      of general principles of equity, including, without limitation, concepts of
      materiality, reasonableness, good faith and fair dealing (regardless of whether
      considered in a proceeding in equity or at law).

     

    (c) I
      express
      no opinion as to (i) Section 2.16 of the Credit Agreement insofar as
      it provides that any Lender purchasing a participation from another Lender
      pursuant thereto may exercise set-off or similar rights with respect to such
      participation and (ii) the effect of the law of any jurisdiction other than
      the State of New York wherein any Lender may be located or wherein enforcement
      of the Credit Agreement or the Notes may be sought that limits the rates of
      interest legally chargeable or collectible.

     

    Very
      truly yours

    

    

    
      
        
        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    EXHIBIT
      E
      - FORM OF

    COMPLIANCE
      CERTIFICATE

     

    

    

    COMPLIANCE
      CERTIFICATE

    

    

    The
      undersigned hereby certifies pursuant to Section 5.01(a)(iii) of the Credit
      Agreement, dated as of April 3, 2006, among Citicorp USA, Inc., as Agent,
      Eastman Chemical Company (the "Company") and the Banks signatory thereto (as
      amended to date, the "Credit Agreement"; capitalized terms used and not
      otherwise defined herein shall have the meanings ascribed to them therein)
      as
      follows:

     

    

    
      	
              (a)

            	
              I
                am the duly elected and acting chief financial officer of the Company,
                and
                as such, authorized to execute and deliver this
                certificate.

            

    

    

    
      	
              (b)

            	
              The
                financial statements (the "Financial Statements") accompanying this
                certificate pursuant to Section 5.01(a)(ii) of the Credit Agreement
                fairly
                present the financial condition and the results of operations of
                the
                Company and its Subsidiaries on the dates and for the periods indicated,
                subject (if the Financial Statements are for an interim reporting
                period)
                to normally recurring year-end
                adjustments.

            

    

    

    
      	
              (c)

            	
              I
                have reviewed the terms of the Credit Agreement and have made, or
                caused
                to be made under my supervision, a review in reasonable detail of
                the
                business and condition of the Company and its Subsidiaries during
                the
                accounting period covered by the Financial Statements and as a result
                of
                such review I have concluded that no Default or Event of Default
                has
                occurred during the period commencing at the beginning of the accounting
                period covered by the Financial Statements and ending on the date
                hereof.
                

            

    

    

    
      	
              (d)

            	
              Schedule
                1 hereto sets forth the calculations I have performed, or caused
                to be
                performed under my supervision, in order to determine whether the
                Company
                was in compliance with the provisions of Section 5.03 as of the end
                of the
                accounting period covered by the Financial
                Statements.

            

    

    

    IN
      WITNESS WHEREOF, I have hereunto set my hand this ___ day of __________,
      200_.

    

    

    EASTMAN
      CHEMICAL COMPANY

    

    

    

    By:____________________________

    Richard
      A. Lorraine

    Senior
      Vice President and

    Chief
      Financial Officer

    

    

    
      
        
        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    EXHIBIT
      F
      - FORM OF

    DESIGNATION
      AGREEMENT

     

    [DATE]

     

    To
      each
      of the Lenders

    parties
      to the Credit Agreement

    (as
      defined below) and to Citicorp USA, Inc.

    as
      Administrative Agent for such Lenders

     

    Ladies
      and Gentlemen:

     

    Reference
      is made to the Amended and Restated Five-Year Credit Agreement dated as of
      April
      3, 2006 among Eastman Chemical Company (the "Company"),
      certain other borrowers parties thereto, the Lenders parties thereto, Citigroup
      Global Markets Inc. and J.P. Morgan Securities Inc., as joint lead arrangers,
      JPMorgan Chase Bank, N.A., as syndication agent, Deutsche Bank AG and Wachovia
      Bank, National Association, as documentation agents, and Citicorp USA, Inc.,
      as
      Agent for said Lenders (the "Credit
      Agreement").
      Terms
      used herein and defined in the Credit Agreement shall have the respective
      meanings ascribed to such terms in the Credit Agreement.

     

    Please
      be
      advised that the Company hereby designates its undersigned Subsidiary,
      ____________ ("Designated
      Subsidiary"),
      as a
      "Designated Subsidiary" under and for all purposes of the Credit
      Agreement.

     

    The
      Designated Subsidiary, in consideration of each Lender's agreement to extend
      credit to it under and on the terms and conditions set forth in the Credit
      Agreement, does hereby assume each of the obligations imposed upon a "Designated
      Subsidiary" and a "Borrower" under the Credit Agreement and agrees to be bound
      by the terms and conditions of the Credit Agreement. In furtherance of the
      foregoing, the Designated Subsidiary hereby represents and warrants to each
      Lender as follows:

     

    (a) The
      Designated Subsidiary is a corporation duly organized, validly existing and
      in
      good standing under the laws of ______________________, having an address as
      set
      forth on the signature page hereof.

     

    (b) The
      execution, delivery and performance by the Designated Subsidiary of this
      Designation Agreement, the Credit Agreement and the Notes to be delivered by
      it
      are within the Designated Subsidiary's corporate powers, have been duly
      authorized by all necessary corporate action and do not contravene (i) the
      Designated Subsidiary's charter or by-laws or (ii) any law, rule or
      regulation applicable to the Designated Subsidiary or (iii) any material
      contractual or legal restriction binding on the Designated Subsidiary. The
      Designation Agreement and the Notes delivered by it have been duly executed
      and
      delivered on behalf of the Designated Subsidiary.

     

    (c) No
      authorization or approval or other action by, and no notice to or filing with,
      any governmental authority or regulatory body is required for the due execution,
      delivery and performance by the Designated Subsidiary of this Designation
      Agreement, the Credit Agreement or the Notes to be delivered by it.

     

    (d) This
      Designation Agreement is, and the Notes to be delivered by the Designated
      Subsidiary when delivered will be, legal, valid and binding obligations of
      the
      Designated Subsidiary enforceable against the Designated Subsidiary in
      accordance with their respective terms.

     

    (e) There
      is
      no pending or, to the knowledge of the Designated Subsidiary, threatened action
      or proceeding affecting the Designated Subsidiary or any of its Subsidiaries
      before any court, governmental agency or arbitrator which purports to affect
      the
      legality, validity or enforceability of this Designation Agreement, the Credit
      Agreement or any Note of the Designated Subsidiary.

     

    This
      Designation Agreement shall be governed by, and construed in accordance with,
      the laws of the State of New York.

     

    Very
      truly yours,

     

    EASTMAN
      CHEMICAL COMPANY

    

    By
      _________________________

    Name:

    Title:

     

    [THE
      DESIGNATED SUBSIDIARY]

     

    By__________________________

    Name:

    Title:      

    [Address]

    

    
      
        
        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    EXECUTION
      COPY

     

    U.S.
      $700,000,000

     

    AMENDED
      AND RESTATED FIVE-YEAR CREDIT AGREEMENT

     

    Dated
      as
      of April 3, 2006

     

    Among

     

    EASTMAN
      CHEMICAL COMPANY

     

    as Borrower

     

    THE
      INITIAL LENDERS NAMED HEREIN

     

    as Initial Lenders

     

    CITICORP
      USA, INC.

     

    as Administrative Agent

     

    CITIGROUP
      GLOBAL MARKETS INC.

    and

    J.P.
      MORGAN SECURITIES INC.

     

    as Joint Lead Arrangers

     

    JPMORGAN
      CHASE BANK, N.A.

     

    as Syndication Agent

     

    and

     

    DEUTSCHE
      BANK AG NEW YORK BRANCH

    and

    WACHOVIA
      BANK, NATIONAL ASSOCIATION

     

    as Documentation Agents

    

    

    
      
        
          793462.2

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          EXHIBIT
            4.11

        

      

    

    

    TABLE
      OF CONTENTS

    ARTICLE
      I
      DEFINITIONS AND ACCOUNTING TERMS

     

    SECTION
      1.01. Certain Defined Terms

     

    SECTION
      1.02. Computation of Time Periods

     

    SECTION
      1.03. Accounting Terms

     

    ARTICLE
      II AMOUNTS AND TERMS OF THE ADVANCES AND LETTERS OF CREDIT

     

    SECTION
      2.01. The Revolving Credit Advances and Letters of Credit

     

    SECTION
      2.02. Making the Revolving Credit Advances

     

    SECTION
      2.03. The Competitive Bid Advances

     

    SECTION
      2.04. Issuance of and Drawings and Reimbursement Under Letters of
      Credit

     

    SECTION
      2.05. Fees

     

    SECTION
      2.06. Optional Termination or Reduction of the Commitments

     

    SECTION
      2.07. Repayment of Revolving Credit Advances

     

    SECTION
      2.08. Interest on Revolving Credit Advances

     

    SECTION
      2.09. Interest Rate Determination

     

    SECTION
      2.10. Optional Conversion of Revolving Credit Advances

     

    SECTION
      2.11. Prepayments of Revolving Credit Advances

     

    SECTION
      2.12. Increased Costs

     

    SECTION
      2.13. Illegality

     

    SECTION
      2.14. Payments and Computations

     

    SECTION
      2.15. Taxes

     

    SECTION
      2.16. Sharing of Payments, Etc.

     

    SECTION
      2.17. Evidence of Debt

     

    SECTION
      2.18. Use of Proceeds

     

    SECTION
      2.19. Increase in the Aggregate Commitments

     

    SECTION
      2.20. Extension of Termination Date

     

    ARTICLE
      III CONDITIONS TO EFFECTIVENESS AND LENDING

     

    SECTION
      3.01. Conditions Precedent to Effectiveness of Sections 2.01 and
      2.03

     

    SECTION
      3.02. Initial Advance to Each Designated Subsidiary

     

    SECTION
      3.03. Conditions Precedent to Each Revolving Credit Borrowing, Issuance,
      Increase Date and Commitment Extension.

     

    SECTION
      3.04. Conditions Precedent to Each Competitive Bid Borrowing

     

    SECTION
      3.05. Determinations Under Section 3.01

     

    ARTICLE
      IV REPRESENTATIONS AND WARRANTIES

     

    SECTION
      4.01. Representations and Warranties of the Company

     

    ARTICLE
      V
      COVENANTS OF THE COMPANY

     

    SECTION
      5.01. Affirmative Covenants

     

    SECTION
      5.02. Negative Covenants

     

    SECTION
      5.03. Financial Covenants

     

    ARTICLE
      VI EVENTS OF DEFAULTS

     

    SECTION
      6.01. Events of Default

     

    SECTION
      6.02. Actions in Respect of Letters of Credit Upon Default

     

    ARTICLE
      VII GUARANTY

     

    SECTION
      7.01. Guaranty

     

    SECTION
      7.02. Guaranty Absolute

     

    SECTION
      7.03. Waivers and Acknowledgments

     

    SECTION
      7.04. Subrogation

     

    SECTION
      7.05. Continuing Guaranty; Assignments

     

    ARTICLE
      VIII THE AGENT

     

    SECTION
      8.01. Authorization and Action

     

    SECTION
      8.02. Agent's Reliance, Etc.

     

    SECTION
      8.03. CUSA and Affiliates

     

    SECTION
      8.04. Lender Credit Decision

     

    SECTION
      8.05. Indemnification

     

    SECTION
      8.06. Successor Agent

     

    SECTION
      8.07. Other Agents.

     

    ARTICLE
      IX MISCELLANEOUS

     

    SECTION
      9.01. Amendments, Etc.

     

    SECTION
      9.02. Notices, Etc.

     

    SECTION
      9.03. No Waiver; Remedies

     

    SECTION
      9.04. Costs and Expenses

     

    SECTION
      9.05. Right of Set-off

     

    SECTION
      9.06. Binding Effect

     

    SECTION
      9.07. Assignments and Participations

     

    SECTION
      9.08. Confidentiality

     

    SECTION
      9.09. Designated Subsidiaries

     

    SECTION
      9.10. Governing Law

     

    SECTION
      9.11. Execution in Counterparts

     

    SECTION
      9.12. Jurisdiction, Etc.

     

    SECTION
      9.13. No Liability of the Issuing Banks

     

    SECTION
      9.14. Patriot Act

     

    SECTION
      9.15. Waiver of Jury Trial

     

    

    

    Schedules

     

    Schedule
      I -
       List
      of
      Applicable Lending Offices

     

    Schedule
      2.01(b) - Existing
      Letters of Credit

     

    Schedule
      4.01(a) - Subsidiaries

     

    Schedule
      4.01(d) 
      - Disclosed
      Litigation

     

    Schedule
      4.01(i) - Tax
      Sharing Agreements

     

    Schedule
      4.01(m) - Environmental
      Matters

     

    Schedule
      5.01(d) - Tax
      Filings with Any Person Other than the Borrower and its
      Subsidiaries

     

    Schedule
      5.02(a) - Leases

     

    

     

    Exhibits

     

    Exhibit
      A-1 
      - Form
      of
      Revolving Credit Note

     

    Exhibit
      A-2 
      - Form
      of
      Competitive Bid Note

     

    Exhibit
      B-1 
      - Form
      of
      Notice of Revolving Credit Borrowing

     

    Exhibit
      B-2 
      - Form
      of
      Notice of Competitive Bid Borrowing

     

    Exhibit
      C 
      - Form
      of
      Assignment and Acceptance

     

    Exhibit
      D 
      - Form
      of
      Opinion of Counsel for the Borrower

     

    Exhibit
      E 
      - Form
      of
      Compliance Certificate

     

    Exhibit
      F 
      - Form
      of
      Designation Agreement

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