Document:

Unassociated Document

    Exhibit
      10.2 

     

    GENEREX
      BIOTECHNOLOGY CORPORATION

     

    

    Annual
      Base Salaries for Executive Officers

    Effective
      August 1, 2005 and January 1, 2007 

     

    On
      August
      17, 2007, the Board of Directors of Generex Biotechnology Corporation
      implemented changes in annual base salary for its executive officers retroactive
      to effective dates of August 1, 2005 and of January 1, 2007 as follows:

     

     

    
      	 	
              Annual
                Base Salary

            
	
              Executive
                Officer

            	
              Increase

              Effective
                as of August 1, 2005

            	
              Increase

              Effective
                as of January 1, 2007

            
	
              Anna
                E. Gluskin

              Chairman
                of the Board of Directors, President and Chief Executive Officer
                

               

            	
              $450,000

            	
              $500,000

            
	
              Rose
                C. Perri

              Chief
                Operating Officer, Chief Financial Officer, Treasurer Secretary and
                Director

            	
              $350,000

            	
              $400,000

            
	
              Mark
                Fletcher

              Executive
                Vice President and General Counsel

            	
              $275,000

            	
              $300,000EXECUTION
      VERSION

     

    Published
      CUSIP Number: 18976DAA1

    

     

     

    REVOLVING
      CREDIT

    AGREEMENT

     

     

    Dated
      as
      of July 26, 2007

     

     

    among

     

     

    COACH,
      INC.,

     

     

    THE
      LENDERS LISTED ON SCHEDULE I
      HERETO

     

     

    and

     

     

    BANK
      OF AMERICA, N.A.,
      as
      Administrative Agent

     

     

    and

     

     

    HSBC
      BANK USA,
      NATIONAL
      ASSOCIATION,
      as
      Syndication Agent

     

     

    and

     

     

    JPMORGAN
      CHASE BANK, N.A.,
      as
      Documentation Agent

     

     

    with

     

     

    BANC
      OF AMERICA SECURITIES LLC, as
      Arranger

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    TABLE
      OF CONTENTS

    

    Page

     

    
      	
              1.

            	
              DEFINITIONS
                AND RULES OF INTERPRETATION

            	
              1

            
	 	 	 	 
	 	
              1.1

            	
              Definitions

            	
              1

            
	 	
              1.2

            	
              Rules
                of Interpretation

            	
              15

            
	 	
              1.3

            	
              Letter
                of Credit Amounts

            	
              15

            
	 	 	 
	
              2.

            	
              THE
                REVOLVING CREDIT FACILITY

            	
              16

            
	 	 	 	 
	 	
              2.1

            	
              Commitment
                to Lend

            	
              16

            
	 	
              2.2

            	
              Commitment
                Fee

            	
              18

            
	 	
              2.3

            	
              Reduction
                of Total Commitment

            	
              18

            
	 	
              2.4

            	
              The
                Revolving Credit Notes

            	
              18

            
	 	
              2.5

            	
              Interest
                on Revolving Credit Loans

            	
              19

            
	 	
              2.6

            	
              Requests
                for Revolving Credit Loans

            	
              19

            
	 	 	 	 	 
	 	 	
              2.6.1

            	
              General

            	
              19

            
	 	 	
              2.6.2

            	
              Swing
                Line

            	
              20

            
	 	 	 	 
	 	
              2.7

            	
              Conversion
                Options

            	
              20

            
	 	 	 	 	 
	 	 	
              2.7.1

            	
              Conversion
                to Different Type of Revolving Credit Loan

            	
              20

            
	 	 	
              2.7.2

            	
              Continuation
                of Type of Revolving Credit Loan

            	
              21

            
	 	 	
              2.7.3

            	
              Eurodollar
                Rate Loans

            	
              21

            
	 	 	
              2.7.4

            	
              Applicability
                of Conversion and Continuation Provisions

            	
              21

            
	 	 	 	 
	 	
              2.8

            	
              Funds
                for Revolving Credit Loan

            	
              21

            
	 	 	 	 	 
	 	 	
              2.8.1

            	
              Funding
                Procedures

            	
              21

            
	 	 	
              2.8.2

            	
              Advances
                by Administrative Agent

            	
              21

            
	 	 	 	 
	 	
              2.9

            	
              Settlements

            	
              22

            
	 	 	 	 	 
	 	 	
              2.9.1

            	
              General

            	
              22

            
	 	 	
              2.9.2

            	
              Failure
                to Make Funds Available

            	
              23

            
	 	 	
              2.9.3

            	
              No
                Effect on Other Lenders

            	
              23

            
	 	 	 
	
              3.

            	
              REPAYMENT
                OF THE REVOLVING CREDIT LOANS

            	
              23

            
	 	 	 	 
	 	
              3.1

            	
              Maturity

            	
              23

            
	 	
              3.2

            	
              Mandatory
                Repayments of Revolving Credit Loans

            	
              23

            
	 	
              3.3

            	
              Optional
                Repayments of Revolving Credit Loans

            	
              24

            
	 	 	 
	
              4.

            	
              LETTERS
                OF CREDIT

            	
              24

            
	 	 	 	 
	 	
              4.1

            	
              Letter
                of Credit Commitments

            	
              24

            
	 	 	 	 	 
	 	 	
              4.1.1

            	
              Commitment
                to Issue Letters of Credit

            	
              24

            
	 	 	
              4.1.2

            	
              Procedures
                for Issuance and Amendment of Letters of Credit; Auto-Extension Letters
                of
                Credit

            	
              25

            
	 	 	
              4.1.3

            	
              Drawings
                and Reimbursements; Funding of Participations

            	
              27

            
	 	 	
              4.1.4

            	
              Repayment
                of Participations

            	
              28

            
	 	 	
              4.1.5

            	
              Obligations
                Absolute

            	
              28

            
	 	 	
              4.1.6

            	
              Role
                of Issuing Lender

            	
              29

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

      TABLE
        OF CONTENTS

      (continued)

      Page

       

    

    
      	 	 	
              4.1.7

            	
              Cash
                Collateral

            	
              30

            
	 	 	
              4.1.8

            	
              Applicability
                ISP and UCP

            	
              30

            
	 	 	 	 
	 	
              4.2

            	
              Letter
                of Credit Fees

            	
              30

            
	 	
              4.3

            	
              Conflict
                with Issuer Documents

            	
              31

            
	 	 	 
	
              5.

            	
              CERTAIN
                GENERAL PROVISIONS

            	
              31

            
	 	 	 	 
	 	
              5.1

            	
              Arrangement
                Fee

            	
              31

            
	 	
              5.2

            	
              Administrative
                Agent's Fee

            	
              31

            
	 	
              5.3

            	
              Funds
                for Payments

            	
              31

            
	 	 	 	 	 
	 	 	
              5.3.1

            	
              Payments
                to Administrative Agent

            	
              31

            
	 	 	
              5.3.2

            	
              No
                Offset, etc

            	
              31

            
	 	 	 	 
	 	
              5.4

            	
              Computations

            	
              32

            
	 	
              5.5

            	
              Inability
                to Determine Eurodollar Rate

            	
              32

            
	 	
              5.6

            	
              Illegality

            	
              32

            
	 	
              5.7

            	
              Additional
                Costs, etc

            	
              33

            
	 	
              5.8

            	
              Capital
                Adequacy

            	
              34

            
	 	
              5.9

            	
              Certificate

            	
              34

            
	 	
              5.10

            	
              Indemnity

            	
              34

            
	 	
              5.11

            	
              Interest
                After Default

            	
              34

            
	 	 	 	 	 
	 	 	
              5.11.1

            	
              Overdue
                Amounts

            	
              34

            
	 	 	
              5.11.2

            	
              Amounts
                Not Overdue

            	
              35

            
	 	 	 
	
              6.

            	
              GUARANTIES

            	
              35

            
	 	 	 	 
	 	
              6.1

            	
              Guaranties
                of Significant Subsidiaries

            	
              35

            
	 	 	 
	
              7.

            	
              REPRESENTATIONS
                AND WARRANTIES

            	
              35

            
	 	 	 	 
	 	
              7.1

            	
              Corporate
                Authority

            	
              35

            
	 	 	 	 	 
	 	 	
              7.1.1

            	
              Incorporation;
                Good Standing

            	
              35

            
	 	 	
              7.1.2

            	
              Authorization

            	
              35

            
	 	 	
              7.1.3

            	
              Enforceability

            	
              35

            
	 	 	 	 
	 	
              7.2

            	
              Governmental
                Approvals

            	
              36

            
	 	
              7.3

            	
              Title
                to Properties

            	
              36

            
	 	
              7.4

            	
              Financial
                Statements

            	
              36

            
	 	 	 	 	 
	 	 	
              7.4.1

            	
              Fiscal
                Year

            	
              36

            
	 	 	
              7.4.2

            	
              Financial
                Statements

            	
              36

            
	 	 	 	 
	 	
              7.5

            	
              No
                Material Adverse Changes, etc

            	
              36

            
	 	
              7.6

            	
              Franchises,
                Patents, Copyrights, etc

            	
              36

            
	 	
              7.7

            	
              Litigation

            	
              37

            
	 	
              7.8

            	
              No
                Materially Adverse Contracts, etc

            	
              37

            
	 	
              7.9

            	
              Tax
                Status

            	
              37

            
	 	
              7.10

            	
              No
                Event of Default

            	
              37

            
	 	
              7.11

            	
              Holding
                Company and Investment Company Acts

            	
              37

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

      TABLE
        OF CONTENTS

      (continued)

      Page

       

    

    
      	 	
              7.12

            	
              Absence
                of Financing Statements, etc

            	
              37

            
	 	
              7.13

            	
              Certain
                Transactions

            	
              37

            
	 	
              7.14

            	
              Employee
                Benefit Plans

            	
              38

            
	 	 	 	 	 
	 	 	
              7.14.1

            	
              In
                General

            	
              38

            
	 	 	
              7.14.2

            	
              Terminability
                of Welfare Plans

            	
              38

            
	 	 	
              7.14.3

            	
              Guaranteed
                Pension Plans

            	
              38

            
	 	 	
              7.14.4

            	
              Multiemployer
                Plans

            	
              38

            
	 	 	 	 
	 	
              7.15

            	
              Use
                of Proceeds

            	
              39

            
	 	 	 	 	 
	 	 	
              7.15.1

            	
              General

            	
              39

            
	 	 	
              7.15.2

            	
              Regulations
                U and X

            	
              39

            
	 	 	
              7.15.3

            	
              Ineligible
                Securities

            	
              39

            
	 	 	 	 
	 	
              7.16

            	
              Environmental
                Compliance

            	
              39

            
	 	
              7.17

            	
              Subsidiaries,
                etc

            	
              40

            
	 	
              7.18

            	
              Disclosure

            	
              40

            
	 	
              7.19

            	
              Foreign
                Assets Control Regulations, Etc

            	
              40

            
	 	 	 
	
              8.

            	
              AFFIRMATIVE
                COVENANTS

            	
              40

            
	 	 	 	 
	 	
              8.1

            	
              Punctual
                Payment

            	
              40

            
	 	
              8.2

            	
              Records
                and Accounts

            	
              41

            
	 	
              8.3

            	
              Financial
                Statements, Certificates and Information

            	
              41

            
	 	
              8.4

            	
              Notices

            	
              42

            
	 	 	 	 	 
	 	 	
              8.4.1

            	
              Defaults

            	
              42

            
	 	 	
              8.4.2

            	
              Environmental
                Events

            	
              43

            
	 	 	
              8.4.3

            	
              Notice
                of Litigation and Judgments

            	
              43

            
	 	 	
              8.4.4

            	
              ERISA
                Events

            	
              43

            
	 	 	
              8.4.5

            	
              Notice
                of Change of Fiscal Year End

            	
              43

            
	 	 	 	 
	 	
              8.5

            	
              Legal
                Existence; Maintenance of Properties

            	
              43

            
	 	
              8.6

            	
              Insurance

            	
              44

            
	 	
              8.7

            	
              Taxes

            	
              44

            
	 	
              8.8

            	
              Inspection
                of Properties and Books, etc

            	
              44

            
	 	 	 	 	 
	 	 	
              8.8.1

            	
              General

            	
              44

            
	 	 	
              8.8.2

            	
              Communications
                with Accountants

            	
              44

            
	 	 	 	 
	 	
              8.9

            	
              Compliance
                with Laws

            	
              44

            
	 	
              8.10

            	
              Use
                of Proceeds

            	
              45

            
	 	
              8.11

            	
              Subsidiaries

            	
              45

            
	 	 	 	 	 
	 	 	
              8.11.1

            	
              Additional
                Subsidiaries

            	
              45

            
	 	 	
              8.11.2

            	
              New
                Guarantors

            	
              45

            
	 	 	 	 
	 	
              8.12

            	
              Further
                Assurances

            	
              45

            
	 	 	 
	
              9.

            	
              CERTAIN
                NEGATIVE COVENANTS

            	
              45

            
	 	 	 	 
	 	
              9.1

            	
              Restrictions
                on Indebtedness

            	
              45

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

      TABLE
        OF CONTENTS

      (continued)

      Page

       

    

    
      	 	
              9.2

            	
              Restrictions
                on Liens

            	
              46

            
	 	 	 	 	 
	 	 	
              9.2.1

            	
              Permitted
                Liens

            	
              46

            
	 	 	
              9.2.2

            	
              Restrictions
                on Negative Pledges and Upstream Limitations

            	
              47

            
	 	 	 	 
	 	
              9.3

            	
              Restrictions
                on Investments

            	
              48

            
	 	
              9.4

            	
              Restricted
                Payments

            	
              49

            
	 	
              9.5

            	
              Merger,
                Consolidation and Disposition of Assets

            	
              49

            
	 	 	 	 	 
	 	 	
              9.5.1

            	
              Mergers
                and Acquisitions

            	
              49

            
	 	 	
              9.5.2

            	
              Disposition
                of Assets

            	
              50

            
	 	 	 	 
	 	
              9.6

            	
              Sale
                and Leaseback

            	
              50

            
	 	
              9.7

            	
              Compliance
                with Environmental Laws

            	
              50

            
	 	
              9.8

            	
              Employee
                Benefit Plans

            	
              51

            
	 	
              9.9

            	
              Transactions
                with Affiliates

            	
              51

            
	 	 	 
	
              10.

            	
              FINANCIAL
                COVENANT

            	
              51

            
	 	 	 	 
	 	
              10.1

            	
              Fixed
                Charge Ratio

            	
              51

            
	 	 	 
	
              11.

            	
              CLOSING
                CONDITIONS

            	
              52

            
	 	 	 	 
	 	
              11.1

            	
              Loan
                Documents

            	
              52

            
	 	
              11.2

            	
              Certified
                Copies of Governing Documents

            	
              52

            
	 	
              11.3

            	
              Corporate
                or Other Action

            	
              52

            
	 	
              11.4

            	
              Incumbency
                Certificate

            	
              52

            
	 	
              11.5

            	
              Certificates
                of Location and UCC Search Results

            	
              52

            
	 	
              11.6

            	
              Certificates
                of Insurance

            	
              52

            
	 	
              11.7

            	
              Opinion
                of Counsel

            	
              52

            
	 	
              11.8

            	
              Payment
                of Fees

            	
              52

            
	 	
              11.9

            	
              Termination
                of Existing Credit Facility

            	
              53

            
	 	
              11.10

            	
              Closing
                Certificate

            	
              53

            
	 	
              11.11

            	
              Pro
                Forma Compliance Certificate

            	
              53

            
	 	 	 
	
              12.

            	
              CONDITIONS
                TO ALL BORROWINGS

            	
              53

            
	 	 	 	 
	 	
              12.1

            	
              Representations
                True; No Event of Default

            	
              53

            
	 	
              12.2

            	
              No
                Legal Impediment

            	
              53

            
	 	
              12.3

            	
              Proceedings
                and Documents

            	
              54

            
	 	 	 
	
              13.

            	
              EVENTS
                OF DEFAULT; ACCELERATION; ETC

            	
              54

            
	 	 	 	 
	 	
              13.1

            	
              Events
                of Default and Acceleration

            	
              54

            
	 	
              13.2

            	
              Termination
                of Commitments

            	
              56

            
	 	
              13.3

            	
              Remedies

            	
              56

            
	 	 	 
	
              14.

            	
              THE
                AGENT

            	
              57

            
	 	 	 	 
	 	
              14.1

            	
              Authorization

            	
              57

            
	 	
              14.2

            	
              Employees
                and Administrative Agents

            	
              57

            
	 	
              14.3

            	
              No
                Liability

            	
              57

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

      TABLE
        OF CONTENTS

      (continued)

      Page

       

    

    
      	 	
              14.4

            	
              No
                Representations

            	
              57

            
	 	 	 	 	 
	 	 	
              14.4.1

            	
              General

            	
              57

            
	 	 	
              14.4.2

            	
              Closing
                Documentation, etc

            	
              58

            
	 	 	 	 
	 	
              14.5

            	
              Payments

            	
              58

            
	 	 	 	 	 
	 	 	
              14.5.1

            	
              Payments
                to Administrative Agent

            	
              58

            
	 	 	
              14.5.2

            	
              Distribution
                by Administrative Agent

            	
              58

            
	 	 	
              14.5.3

            	
              Delinquent
                Lenders

            	
              59

            
	 	 	 	 
	 	
              14.6

            	
              Holders
                of Notes

            	
              59

            
	 	
              14.7

            	
              Indemnity

            	
              59

            
	 	
              14.8

            	
              Administrative
                Agent as Lender

            	
              59

            
	 	
              14.9

            	
              Resignation

            	
              59

            
	 	
              14.10

            	
              Notification
                of Defaults and Events of Default

            	
              60

            
	 	 	 
	
              15.

            	
              ASSIGNMENT
                AND PARTICIPATION

            	
              60

            
	 	 	 	 
	 	
              15.1

            	
              Conditions
                to Assignment by Lenders

            	
              60

            
	 	
              15.2

            	
              Certain
                Representations and Warranties; Limitations; Covenants

            	
              60

            
	 	
              15.3

            	
              Register

            	
              60

            
	 	
              15.4

            	
              New
                Notes

            	
              61

            
	 	
              15.5

            	
              Participations

            	
              61

            
	 	
              15.6

            	
              Assignee
                or Participant Affiliated with the Borrower

            	
              61

            
	 	
              15.7

            	
              Miscellaneous
                Assignment Provisions

            	
              61

            
	 	
              15.8

            	
              Assignment
                by Borrower

            	
              62

            
	 	
              15.9

            	
              Electronic
                Execution of Assignments

            	
              62

            
	 	 	 
	
              16.

            	
              PROVISIONS
                OF GENERAL APPLICATION

            	
              62

            
	 	 	 	 
	 	
              16.1

            	
              Setoff

            	
              62

            
	 	
              16.2

            	
              Expenses

            	
              63

            
	 	
              16.3

            	
              Indemnification

            	
              63

            
	 	
              16.4

            	
              Treatment
                of Certain Confidential Information

            	
              64

            
	 	 	 	 	 
	 	 	
              16.4.1

            	
              Confidentiality

            	
              64

            
	 	 	
              16.4.2

            	
              Prior
                Notification

            	
              65

            
	 	 	
              16.4.3

            	
              Other

            	
              65

            
	 	 	 	 
	 	
              16.5

            	
              Survival
                of Covenants, Etc

            	
              65

            
	 	
              16.6

            	
              Notices

            	
              66

            
	 	
              16.7

            	
              Governing
                Law

            	
              68

            
	 	
              16.8

            	
              Headings

            	
              68

            
	 	
              16.9

            	
              Counterparts

            	
              68

            
	 	
              16.10

            	
              Entire
                Agreement, Etc

            	
              68

            
	 	
              16.11

            	
              WAIVER
                OF JURY TRIAL

            	
              68

            
	 	
              16.12

            	
              Consents,
                Amendments, Waivers, Etc

            	
              69

            
	 	
              16.13

            	
              Severability

            	
              70

            
	 	
              16.14

            	
              USA
                Patriot Act Notice

            	
              70

            
	 	
              16.15

            	
              No
                Advisory or Fiduciary Responsibility

            	
              70

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Exhibits

     

    
      	
              Exhibit
                A

            	
              Form
                of Revolving Credit Note

            

    

    
      	
              Exhibit
                B

            	
              Form
                of Loan Request

            

    

    
      	
              Exhibit
                C

            	
              Form
                of Compliance Certificate

            

    

    
      	
              Exhibit
                D

            	
              Assignment
                and Acceptance

            

    

    
      	
              Exhibit
                E

            	
              Form
                of Guaranty

            

    

    
      	
              Exhibit F

            	
              Form
                of Subsidiary Reimbursement
                Agreement

            

    

     

    Schedules

     

    
      	
              Schedule
                1

            	
              Lenders
                and Commitments

            

    

    
      	
              Schedule 4.1.1

            	
              Existing
                Letters of Credit

            

    

    
      	
              Schedule
                7.3

            	
              Title
                to Properties

            

    

    
      	
              Schedule
                7.7

            	
              Litigation

            

    

    
      	
              Schedule
                7.16

            	
              Environmental
                Compliance

            

    

    
      	
              Schedule
                7.17(a)

            	
              Subsidiaries

            

    

    
      	
              Schedule 7.17(b)

            	
              Significant
                Subsidiaries

            

    

    
      	
              Schedule
                9.1

            	
              Existing
                Indebtedness

            

    

    
      	
              Schedule
                9.2

            	
              Existing
                Liens

            

    

    
      	
              Schedule
                9.3

            	
              Existing
                Investments

            

    

     

    @@

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    REVOLVING
      CREDIT

    AGREEMENT

    

    This
      REVOLVING
      CREDIT AGREEMENT
      is made
      as of July 26, 2007, by and among COACH, INC. (the “Borrower”),
      a
      Maryland corporation having its principal place of business at 516 West
      34th
      Street,
      New York, New York 10001, BANK OF AMERICA, N.A, a national banking association
      (“Bank
      of America”),
      the
      other lending institutions listed on Schedule 1
      and Bank
      of America, as administrative agent (the “Administrative
      Agent”)
      for
      itself and such other lending institutions.

    

    1. DEFINITIONS
      AND RULES OF INTERPRETATION.

    

    1.1 Definitions.
      The
      following terms shall have the meanings set forth in this Section 1 or elsewhere
      in the provisions of this Credit Agreement referred to below:

    

    Act.
      See
      Section 16.14.

    

    Adjustment
      Date.
      With
      respect to any quarter, the second Business Day following the Administrative
      Agent's receipt of the Compliance Certificate required to be delivered pursuant
      to Section 8.3(c) for such quarter; provided,
      however,
      that in
      the event that the Borrower fails to deliver any Compliance Certificate to
      the
      Administrative Agent within the time period set forth in Section 8.3(c), the
      Adjustment Date shall be the second Business Day following the date on which
      such Compliance Certificate was required to be delivered pursuant to Section
      8.3(c).

    

    Administrative
      Agent.
      Bank of
      America, N.A., a national banking association organized and existing under
      the
      laws of the United States of America, acting as administrative agent for the
      Lenders and each other Person appointed as the successor Administrative Agent
      in
      accordance with Section 14.9.

    

    Administrative
      Agent's Fee.
      See
      Section 5.2.

    

    Administrative
      Agent's Office.
      The
      Administrative Agent’s office located at 2001 Clayton Rd, Concord, CA 94520, or
      at such other location as the Administrative Agent may designate from time
      to
      time.

    

    Administrative
      Agent's Special Counsel.
      Bingham
      McCutchen LLP or such other counsel as may be approved by the
      Administrative Agent.

    

    Administrative
      Questionnaire.
      An
      administrative questionnaire in a form supplied by the Administrative
      Agent.

    

    Affiliate.
      Any
      Person that would be considered to be an affiliate of any other Person under
      Rule 144(a) of the Rules and Regulations of the Securities and Exchange
      Commission, as in effect on the date hereof, if such other Person were issuing
      securities.

    

    Applicable
      Margin.
      Subject
      to the last paragraph of this definition and with respect to each period
      commencing on an Adjustment Date through the date immediately preceding the
      next
      Adjustment Date (each a “Rate Adjustment Period”),
      the
      Applicable Margin with respect to Base Rate Loans, Eurodollar Rate Loans,
      Standby Letter of Credit Fees, Documentary Letter of Credit Fees or Commitment
      Fees, as the case may be, shall be the applicable margin set forth below for
      each such category with respect to the Fixed Charge Ratio, as determined for
      the
      Reference Period of the Borrower and its Subsidiaries ending on the last day
      of
      the fiscal quarter of the Borrower and its Subsidiaries ended immediately prior
      to the applicable Rate Adjustment Period.

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

      
        	
                Level

              	
                Fixed
                  Charge 

                Ratio

              	
                Base
                  Rate 

                Loans

              	
                Eurodollar
                  

                Rate
                  Loans

              	
                Standby
                  

                Letter
                  of 

                Credit
                  Fees

              	
                Documentary
                  

                Letter
                  of Credit 

                Fees

              	
                Commitment
                  

                Fee

              
	
                I

              	
                Greater
                  than or equal to 7.50:1.00

              	
                0.000%

              	
                0.200%

              	
                0.200%

              	
                0.100%

              	
                0.060%

              
	
                II

              	
                Less
                  than 7.50:1.00 but greater than or equal to 6.50:1.00

              	
                0.000%

              	
                0.300%

              	
                0.300%

              	
                0.150%

              	
                0.070%

              
	
                III

              	
                Less
                  than 6.50:1.00 but greater than or equal to 5.50:1.00

              	
                0.000%

              	
                0.350%

              	
                0.350%

              	
                0.175%

              	
                0.080%

              
	
                IV

              	
                Less
                  than 5.50:1.00 but greater than or equal to 4.00:1.00

              	
                0.000%

              	
                0.400%

              	
                0.400%

              	
                0.200%

              	
                0.090%

              
	
                V

              	
                Less
                  than 4.00:1.00

              	
                0.000%

              	
                0.550%

              	
                0.550%

              	
                0.275%

              	
                0.125%

              

      

    

    

    During
      the period commencing on the Closing Date through the date immediately preceding
      the first Adjustment Date to occur after the fiscal quarter ending on or about
      June 30, 2007, the Applicable Margin with respect to the Loans outstanding
      and
      the Letter of Credit Fees and the Commitment Fee payable shall be the Applicable
      Margin set forth in Level I above. Notwithstanding the foregoing, (a) if the
      Borrower fails to deliver any Compliance Certificate required under Section
      8.3(c) hereof, then, for the period commencing on the next Adjustment Date
      to
      occur subsequent to such failure through the date immediately following the
      date
      on which such Compliance Certificate is delivered, the Applicable Margin shall
      be the Applicable Margin set forth in Level V above, and (b) at all times while
      an Event of Default shall have occurred and be continuing, the Applicable Margin
      to be included in the calculations set forth in Section 5.11 shall be the
      Applicable Margin set forth in Level V above. In the event either the Borrower
      or the Administrative Agent determines, in good faith, that the calculation
      of
      the Fixed Charge Ratio on which the Applicable Margin for any particular period
      was determined is inaccurate and, as a consequence thereof, the Applicable
      Margin was lower than it would have been, the Borrower shall immediately deliver
      to the Administrative Agent a correct Compliance Certificate for such period.
      The Administrative Agent shall determine and notify the Borrower of the amount
      of interest or fees, as applicable, that would have been due in respect of
      any
      outstanding Obligations during such period had the Applicable Margin been
      calculated based on the correct Fixed Charge Ratio, and the Borrower shall
      promptly pay to the Administrative Agent the difference between that amount
      and
      the amount actually paid in respect of such period. In the event either the
      Borrower or the Administrative Agent determines, in good faith, that the
      calculation of the Fixed Charge Ratio on which the Applicable Margin for any
      particular period was determined is inaccurate and, as a consequence thereof,
      the Applicable Margin was higher than it would have been, the Borrower shall
      immediately deliver to the Administrative Agent a correct Compliance Certificate
      for such period. The Administrative Agent shall determine and notify the
      existing Lenders who were party to the Credit Agreement during the applicable
      period for which such higher Applicable Margin was paid of the amount of
      interest or fees, as applicable, that would have been due in respect of any
      outstanding Obligations during such period had the Applicable Margin been
      calculated based on the correct Fixed Charge Ratio, and such Lenders shall
      promptly reimburse the Borrower by paying to the Administrative Agent the
      difference between that amount and the amount actually paid in respect of such
      period; provided,
      that in
      no event shall the Administrative Agent be responsible for any amounts for
      which
      the Borrower is not so reimbursed by such Lenders.

    

    

    
      
        
           

        

        
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    Applicable
      Pension Legislation.
      At any
      time, any pension or retirement benefits legislation (be it national, federal,
      provincial, territorial or otherwise) then applicable to the Borrower or any
      of
      its Subsidiaries.

    

    Arrangement Fee.
      See
      Section 5.1.

    

    Arranger.
      Banc of
      America Securities LLC.

    

    Assignment
      and Acceptance.
      An
      assignment and acceptance agreement entered into by a Lender and an assignee
      (with the consent of any party whose consent is required by Section 15.1) and
      accepted by the Administrative Agent, in substantially the form of Exhibit
      D or
      any other form approved by the Administrative Agent.

    

    Auto-Renewal
      Letter of Credit.
      See
      Section 4.1.2.

    

    Balance
      Sheet Date.
      June
      28, 2006.

    

    Bank
      of America.
      Bank of
      America, N.A., a national banking association, in its individual
      capacity.

    

    Base
      Rate.
      For any
      day a fluctuating rate per annum equal to the higher of (a) the rate of interest
      in effect for such day as publicly announced from time to time by Bank of
      America as its “prime rate” and (b) the Federal Funds Rate plus one-half of one
      percent (0.5%). The “prime rate” is a rate set by Bank of America based upon
      various factors including Bank of America’s costs and desired return, general
      economic conditions and other factors, and is used as a reference point for
      pricing some loans, which may be priced at, above, or below such announced
      rate.
      Any change in such rate announced by Bank of America shall take effect at the
      opening of business on the day specified in the public announcement of such
      change.

    

    Base
      Rate Loans.
      Revolving Credit Loans bearing interest calculated by reference to the Base
      Rate.

    

    BBA
      LIBOR.
      See definition of “Eurodollar Rate”.

    

    Borrower.
      As
      defined in the preamble hereto.

    

    Borrower
      Materials.
      See
      Section 8.3.

    

    Business
      Day.
      Any day
      on which banking institutions in the state of New York or the state where the
      Administrative Agent’s Office is located, are open for the transaction of
      banking business and, in the case of Eurodollar Rate Loans, also a day which
      is
      a Eurodollar Business Day.

    

    Capital
      Expenditures.
      Amounts
      paid or Indebtedness incurred by the Borrower or any of its Subsidiaries in
      connection with (i) additions to property, plant and equipment and other capital
      expenditures of the Borrower or any of its Subsidiaries that are (or would
      be
      required to be) set forth in a consolidated statement of cash flows of the
      Borrower for such period prepared in accordance with GAAP, and (ii) without
      duplication, obligations with respect to Capitalized Leases and Synthetic Leases
      (had the Synthetic Lease been treated for accounting purposes as a Capitalized
      Lease) incurred by the Borrower or any of its Subsidiaries during such
      period.

    

    

    
      
        
           

        

        
          -3-

          
            

          

        

        
           

        

      

    

    

    Capitalized
      Leases.
      Leases
      under which the Borrower or any of its Subsidiaries is the lessee or obligor,
      the discounted future rental payment obligations under which are required to
      be
      capitalized on the balance sheet of the lessee or obligor in accordance with
      GAAP.

    

    Capital
      Stock.
      Any and
      all shares, interests, participations or other equivalents (however designated)
      of capital stock of a corporation, any and all equivalent ownership interests
      in
      a Person (other than a corporation) and any and all warrants, rights or options
      to purchase any of the foregoing.

    

    CERCLA.
      The
      Comprehensive Environmental Response, Compensation and Liability Act of 1980
      as
      amended.

    

    Change
      of Control.
      An
      event or series of events by which any person or group of persons (within the
      meaning of Section 13 or 14 of the Securities Exchange Act of 1934) shall have
      acquired beneficial ownership (within the meaning of Rule 13d-3 promulgated
      by
      the Securities and Exchange Commission under said Act), directly or
      indirectly, of twenty percent (20%) or more of the outstanding shares of Capital
      Stock of the Borrower; or, during any period of twelve consecutive calendar
      months, individuals who were directors of the Borrower on the first day of
      such
      period (together with any new directors whose election by such board or whose
      nomination for election by the shareholders of the Borrower was approved by
      a
      vote of a majority of the directors still in office who were either directors
      at
      the beginning of such period or whose election or nomination for election was
      previously so approved) shall cease to constitute a majority of the board of
      directors of the Borrower.

    

    CJI.
      Coach
      Japan, Inc., a Subsidiary of the Borrower.

    

    Closing
      Date.
      The
      first date on which the conditions set forth in Section 11 have been satisfied
      and any Revolving Credit Loans are to be made or any Letter of Credit is to
      be
      issued hereunder.

    

    Code.
      The
      Internal Revenue Code of 1986.

    

    Commitment.
      With
      respect to each Lender, the amount set forth on Schedule 1
      hereto
      as the amount of such Lender's commitment to make Revolving Credit Loans to,
      and
      to participate in the issuance, extension, amendment and renewal of Letters
      of
      Credit for the account of, the Borrower, as the same may be reduced from time
      to
      time; or if such commitment is terminated pursuant to the provisions hereof,
      zero.

    

    Commitment
      Fee.
      See
      Section 2.2.

    

    Commitment
      Percentage.
      With
      respect to each Lender, the percentage set forth on Schedule 1
      hereto
      as such Lender's percentage of the aggregate Commitments of all of the
      Lenders.

    

    Compliance
      Certificate.
      See
      Section 8.3(c).

    

    Consolidated
      or consolidated.
      With
      reference to any term defined herein, shall mean that term as applied to the
      accounts of the Borrower and its Subsidiaries, consolidated in accordance with
      GAAP.

    

    Consolidated
      EBIT.
      Consolidated Net Income, plus,
      to the
      extent deducted in determining Consolidated Net Income, consolidated income
      taxes and Consolidated Total Interest Expense, in each case as determined in
      accordance with GAAP.

    

    

    
      
        
           

        

        
          -4-

          
            

          

        

        
           

        

      

    

    

    Consolidated
      EBITDA.
      With
      respect to any fiscal period, an amount equal to the sum of (a) Consolidated
      EBIT for such period plus
      (b)
      consolidated depreciation and consolidated amortization for such period as
      determined in accordance with GAAP.

    

    Consolidated
      EBITDAR.
      With
      respect to any fiscal period, an amount equal to the sum of (a) Consolidated
      EBITDA for such period plus
      (b)
      Rental Expense for such period as determined in accordance with
      GAAP.

    

    Consolidated
      Net Income.
      The
      consolidated net income (or loss) of the Borrower and its Subsidiaries
      determined in accordance with GAAP.

    

    Consolidated
      Total Assets.
      All
      assets of the Borrower and its Subsidiaries determined on a consolidated basis
      in accordance with GAAP.

    

    Consolidated
      Total Interest Expense.
      For any
      period, interest expense (without deduction of interest income) of the Borrower
      and its Subsidiaries, determined on a consolidated basis in accordance with
      GAAP.

    

    Conversion
      Request.
      A
      notice given by the Borrower to the Administrative Agent of the Borrower's
      election to convert or continue a Loan in accordance with Section
      2.7.

    

    Credit
      Agreement.
      This
      Revolving Credit Agreement, including the Schedules and Exhibits
      hereto.

    

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

    

    Default.
      See
      Section 13.1.

    

    Delinquent
      Lender.
      See
      Section 14.5.3. 

    

    Distribution.
      The
      declaration or payment of any dividend on or in respect of any shares of any
      class of Capital Stock of the Borrower, other than dividends payable solely
      in
      shares of common stock of the Borrower; the purchase, redemption, defeasance,
      retirement or other acquisition of, or sinking fund or other similar payment
      in
      respect of, any shares of any class of Capital Stock of the Borrower, directly
      or indirectly through a Subsidiary of the Borrower or otherwise; the return
      of
      capital by the Borrower to its shareholders as such; or any other distribution
      on or in respect of any shares of any class of Capital Stock of the
      Borrower.

    

    Documentary
      Letter of Credit Fee.
      See
      Section 4.2.

    

    Dollars
      or
$.
      Dollars
      in lawful currency of the United States of America.

    

    Domestic
      Lending Office.
      Initially, the office of each Lender designated as such in Schedule 1
      hereto;
      thereafter, such other office of such Lender, if any, located within the United
      States that will be making or maintaining Base Rate Loans.

    

    Drawdown
      Date.
      The
      date on which any Revolving Credit Loan is made or is to be made, and the date
      on which any Revolving Credit Loan is converted or continued in accordance
      with
      Section 2.7.

    

    

    
      
        
           

        

        
          -5-

          
            

          

        

        
           

        

      

    

    

    Eligible
      Assignee.
      Any of
      (a) a commercial bank or other financial institution; (b) a Lender Affiliate;
      and (c) if, but only if, any Default or Event of Default has occurred and is
      continuing, any other bank, insurance company, commercial finance company or
      other financial institution or
      other
      Person approved by the Administrative Agent.

    

    Employee
      Benefit Plan.
      Any
      employee benefit plan, whether single-employer or multiple-employer, within
      the
      meaning of Section 3(3) of ERISA maintained or contributed to by the Borrower
      or
      any ERISA Affiliate, other than a Guaranteed Pension Plan or a Multiemployer
      Plan.

    

    Environmental
      Laws.
      Any
      judgment, decree, order, law, license, rule or regulation pertaining to
      environmental matters, including without limitation, those arising under the
      Resource Conservation and Recovery Act, CERCLA, the Superfund Amendments and
      Reauthorization Act of 1986, the Federal Clean Water Act, the Federal Clean
      Air
      Act, the Toxic Substances Control Act, or any state, local or foreign law,
      statute, regulation, ordinance, order or decree relating to health, safety
      or
      the environment.

    

    EPA.
      See
      Section 7.16(b).

    

    ERISA.
      The
      Employee Retirement Income Security Act of 1974.

    

    ERISA
      Affiliate.
      Any
      Person which is treated as a single employer with the Borrower under Section
      414(b) or (c) of the Code.

    

    ERISA
      Reportable Event.
      A
      reportable event with respect to a Guaranteed Pension Plan within the meaning
      of
      Section 4043 of ERISA and the regulations promulgated thereunder.

    

    Eurocurrency
      Reserve Rate.
      For any
      day with respect to a Eurodollar Rate Loan, the maximum rate (expressed as
      a
      decimal) at which any bank subject thereto would be required to maintain
      reserves under Regulation D of the Board of Governors of the Federal Reserve
      System (or any successor or similar regulations relating to such reserve
      requirements) against “Eurocurrency Liabilities”
(as
      that term is used in Regulation D), if such liabilities were outstanding. The
      Eurocurrency Reserve Rate shall be adjusted automatically on and as of the
      effective date of any change in the Eurocurrency Reserve Rate.

    

    Eurodollar
      Business Day.
      Any day
      on which commercial banks are open for international business (including
      dealings in Dollar deposits) in London or such other Eurodollar interbank market
      as may be selected by the Administrative Agent in its sole discretion acting
      in
      good faith.

    

    Eurodollar
      Lending Office.
      Initially, the office of each Lender designated as such in Schedule 1
      hereto;
      thereafter, such other office of such Lender, if any, that shall be making
      or
      maintaining Eurodollar Rate Loans.

    

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

    

    

    
      
        
           

        

        
          -6-

          
            

          

        

        
           

        

      

    

    

    Eurodollar
      Rate Loans.
      Revolving Credit Loans bearing interest calculated by reference to the
      Eurodollar Rate.

    

    Event
      of Default.
      See
      Section 13.1.

    

    Executive
      Order.
      See
      Section 7.19.

    

    Extension
      Request.
      See
      Section 2.1(c).

    

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

    

    Fee
      Letter.
      The fee
      letter dated April 24, 2007, among the Borrower, the Administrative Agent and
      the Arranger.

    

    Fees.
      Collectively, the Commitment Fee, the Letter of Credit Fees, the Administrative
      Agent's Fee, the Arrangement Fee and any other fee agreed to be paid by the
      Borrower pursuant to or in connection with this Credit Agreement.

    

    FERC.
      See
      Section 7.11.

    

    Financial
      Affiliate.
      A
      Subsidiary of the bank holding company controlling any Lender, which Subsidiary
      is engaging in any of the activities permitted by Section 4(e) of the Bank
      Holding Company Act of 1956 (12 U.S.C. Section 1843).

    

    First
      Extension Request.
      See
      Section 2.1(c).

    

    Fixed
      Charge Ratio.
      As at
      any date of determination, the ratio of (a) the sum of Consolidated EBITDAR
      minus Capital Expenditures for the Reference Period ending on such date, to
      (b)
      the sum of Consolidated Total Interest Expense plus Rental Expense for such
      Reference Period.

    

    Fixed
      Rate.
      With
      respect to any Swing Line Loan, the fixed rate of interest quoted by the Swing
      Line Lender on any date or whenever the Borrower requests a Swing Line Loan,
      which rate the Swing Line Lender is willing to charge with respect to a Swing
      Line Loan made by it.

    

    Fixed
      Rate Loans.
      A Swing
      Line Loan bearing interest at the Fixed Rate for a period of time agreed to
      by
      the Borrower and the Swing Line Lender pursuant to Section 2.5(c).

    

    Foreign
      Assets Control Regulations.
      See
      Section 7.19.

    

    GAAP
      or generally accepted accounting principles.
      (a)
      When used in Section 10, whether directly or indirectly through reference to
      a
      capitalized term used therein, means (i) principles that are consistent with
      the
      principles promulgated or adopted by the Financial Accounting Standards Board
      and its predecessors, in effect for the fiscal year ended on the Balance Sheet
      Date, and (ii) to the extent consistent with such principles, the accounting
      practice of the Borrower reflected in its financial statements for the year
      ended on the Balance Sheet Date, and (b) when used in general, other than as
      provided above, means principles that are consistent with the principles
      promulgated or adopted by the Financial Accounting Standards Board and its
      predecessors, which are applicable to the circumstances as of the date of
      determination, consistently applied.

    

    

    
      
        
           

        

        
          -7-

          
            

          

        

        
           

        

      

    

    

    Governing
      Documents.
      With
      respect to any Person, its certificate or articles of incorporation, its by-laws
      and all shareholder agreements, voting trusts and similar arrangements
      applicable to any of its Capital Stock.

    

    Governmental
      Authority.
      Any
      foreign, federal, state, regional, local, municipal or other government, or
      any
      department, commission, board, bureau, agency, public authority or
      instrumentality thereof, or any court or arbitrator.

    

    Guaranteed
      Pension Plan.
      Any
      employee pension benefit plan within the meaning of Section 3(2) of ERISA
      maintained or contributed to by the Borrower or any ERISA Affiliate the benefits
      of which are guaranteed on termination in full or in part by the PBGC pursuant
      to Title IV of ERISA, other than a Multiemployer Plan.

    

    Guarantors.
      Collectively, each Significant Subsidiary of the Borrower existing on the
      Closing Date and each other Person which is required to be or becomes a
      guarantor from time to time pursuant to Section 8.11 hereof.

    

    Guaranty(ies).
      Collectively, the guaranties dated as of the date required by Section 8.11
      from
      each Person required to become a Guarantor pursuant to Section 8.11 in favor
      of
      the Administrative Agent and the Lenders, in each case of the payment and
      performance of the Obligations, and in the form attached hereto as Exhibit
      E.

    

    Hazardous
      Substances.
      Any
      hazardous waste, as defined by 42 U.S.C. §6903(5), any hazardous substances as
      defined by 42 U.S.C. §9601(14), any pollutant or contaminant as defined by 42
      U.S.C. §9601(33) and any toxic substances, oil or hazardous materials or other
      chemicals or substances regulated by any Environmental Laws.

    

    Honor
      Date.
      See
      Section 4.1.3.

    

    Indebtedness.
      As to
      any Person and whether recourse is secured by or is otherwise available against
      all or only a portion of the assets of such Person and whether or not
      contingent, but without duplication:

    

    (a) every
      obligation of such Person for money borrowed,

    

    (b) every
      obligation of such Person evidenced by bonds, debentures, notes or other similar
      instruments, including obligations incurred in connection with the acquisition
      of property, assets or businesses,

    

    (c) every
      reimbursement obligation of such Person with respect to letters of credit,
      bankers' acceptances or similar facilities issued for the account of such
      Person,

    

    

    
      
        
           

        

        
          -8-

          
            

          

        

        
           

        

      

    

    

    (d) every
      obligation of such Person issued or assumed as the deferred purchase price
      of
      property or services (including securities repurchase agreements but excluding
      trade accounts payable or accrued liabilities arising in the ordinary course
      of
      business which are not overdue or which are being contested in good
      faith),

    

    (e) every
      obligation of such Person under any Capitalized Lease,

    

    (f) every
      obligation of such Person under any Synthetic Lease,

    

    (g) all
      sales
      by such Person of (i) accounts or general intangibles for money due or to become
      due, (ii) chattel paper, instruments or documents creating or evidencing a
      right
      to payment of money or (iii) other receivables (collectively “receivables”),
      whether pursuant to a purchase facility or otherwise, other than in connection
      with the disposition of the business operations of such Person relating thereto
      or a disposition of defaulted receivables for collection and not as a financing
      arrangement, and together with any obligation of such Person to pay any
      discount, interest, fees, indemnities, penalties, recourse, expenses or other
      amounts in connection therewith,

    

    (h) every
      obligation of such Person under any forward contract, futures contract, swap,
      option or other financing agreement or arrangement (including, without
      limitation, caps, floors, collars and similar agreements), the value of which
      is
      dependent upon interest rates, currency exchange rates, commodities or other
      indices (a “derivative contract”),

    

    (i) every
      obligation in respect of Indebtedness of any other entity (including any
      partnership in which such Person is a general partner) to the extent that such
      Person is liable therefor as a result of such Person's ownership interest in
      or
      other relationship with such entity, except to the extent that the terms of
      such
      Indebtedness provide that such Person is not liable therefor and such terms
      are
      enforceable under applicable law, and

    

    (j) every
      obligation, contingent or otherwise, of such Person guaranteeing, or having
      the
      economic effect of guarantying or otherwise acting as surety for, any obligation
      of a type described in any of clauses (a) through (i) of another Person, in
      any
      manner, whether directly or indirectly.

    

    Ineligible
      Securities.
      Securities which may not be underwritten or dealt in by member banks of the
      Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C.
      Section 24, Seventh), as amended.

    

    Interest
      Payment Date.
      (a) As
      to any Base Rate Loan, the first Business Day of the next succeeding calendar
      quarter with respect to interest accrued during such calendar quarter,
      including, without limitation, the calendar quarter which includes the Drawdown
      Date of such Base Rate Loan; (b) as to any Eurodollar Rate Loan in respect
      of
      which the Interest Period is (i) 3 months or less, the last day of such Interest
      Period and (ii) more than 3 months, the date that is 3 months from the first
      day
      of such Interest Period and, in addition, the last day of such Interest Period;
      and (c) as to any Swing Line Loan which is also a Fixed Rate Loan, on the first
      day of the next succeeding calendar quarter with respect to interest accrued
      during such calendar quarter.

    

    Interest
      Period.
      With
      respect to each Revolving Credit Loan, (a) initially, the period commencing
      on
      the Drawdown Date of such Loan and ending on the last day of one of the periods
      set forth below, as selected by the Borrower in a Loan Request or as otherwise
      required by the terms of this Credit Agreement (i) for any Base Rate Loan,
      the
      last day of the calendar quarter; (ii) for any Fixed Rate Loan, the period
      (not
      to exceed ten (10) days) requested by the Borrower and agreed to by the Swing
      Line Lender pursuant to Section 2.5(c); and (iii) for any Eurodollar Rate Loan,
      1, 2, 3, or 6 months; and (b) thereafter, each period commencing on the last
      day
      of the next preceding Interest Period applicable to such Revolving Credit Loan
      and ending on the last day of one of the periods set forth above, as selected
      by
      the Borrower in a Conversion Request; provided
      that all
      of the foregoing provisions relating to Interest Periods are subject to the
      following:

    

    

    
      
        
           

        

        
          -9-

          
            

          

        

        
           

        

      

    

    

    (A) if
      any
      Interest Period with respect to a Eurodollar Rate Loan would otherwise end
      on a
      day that is not a Eurodollar Business Day, that Interest Period shall be
      extended to the next succeeding Eurodollar Business Day unless the result of
      such extension would be to carry such Interest Period into another calendar
      month, in which event such Interest Period shall end on the immediately
      preceding Eurodollar Business Day;

    

    (B) if
      any
      Interest Period with respect to a Base Rate Loan would end on a day that is
      not
      a Business Day, that Interest Period shall end on the next succeeding Business
      Day;

    

    (C) if
      the
      Borrower shall fail to give notice as provided in Section 2.7, the Borrower
      shall be deemed to have requested a conversion of the affected Eurodollar Rate
      Loan to a Base Rate Loan and the continuance of all Base Rate Loans as Base
      Rate
      Loans on the last day of the then current Interest Period with respect
      thereto;

    

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

    

    (E) any
      Interest Period that would otherwise extend beyond the Revolving Credit Loan
      Maturity Date shall end on the Revolving Credit Loan Maturity Date.

    

    International
      Standby Practices.
      With
      respect to any standby Letter of Credit, the International Standby Practices
      (ISP98), International Chamber of Commerce Publication No. 590, or any successor
      code of standby letter of credit practices among banks adopted by the Issuing
      Lender in the ordinary course of its business as a standby letter of credit
      issuer and in effect at the time of issuance of such Letter of
      Credit.

    

    Investments.
      All
      expenditures made and all liabilities incurred (contingently or otherwise)
      for
      the acquisition of stock or Indebtedness of, or for loans, advances, capital
      contributions or transfers of property to, or in respect of any guaranties
      (or
      other commitments as described under Indebtedness), or obligations of, any
      Person.

    

    Issuing
      Lender.
      With
      respect to standby Letters of Credit, Bank of America, and with respect to
      documentary Letters of Credit, any Lender acceptable to the Administrative
      Agent
      and the Borrower. As used herein, the term Issuing Lender shall refer, as the
      context requires, to the Issuing Lender issuing, extending, renewing or amending
      any particular Letter of Credit or collectively to each and every Lender which
      acts as an Issuing Lender hereunder.

    

    Issuer
      Documents.
      With
      respect to any Letter of Credit, the Letter of Credit Application, and any
      other
      document, agreement and instrument entered into by the Issuing Lender and the
      Borrower (or any Subsidiary) or in favor of the Issuing Lender and relating
      to
      such Letter of Credit.

    

    

    
      
        
           

        

        
          -10-

          
            

          

        

        
           

        

      

    

    

    Joint
      Venture.
      Any
      joint venture or other entity in which the Borrower or a Subsidiary has an
      interest which is not a Subsidiary.

    

    Lender
      Affiliate.
      (a)
      With respect to any Lender, (i) an Affiliate of such Lender or (ii) for all
      purposes hereof other than the definition of “Eligible Assignee”, any entity
      (whether a corporation, partnership, limited liability company, trust or legal
      entity) that is engaged in making, purchasing, holding or otherwise investing
      in
      bank loans and similar extensions of credit in the ordinary course of its
      business and is administered or managed by such Lender or an Affiliate of such
      Lender, and (b) following a Default or an Event of Default, with respect to
      any
      Lender that is a fund which invests in bank loans and similar extensions of
      credit, any other entity (whether a corporation, partnership, limited liability
      company, trust or other legal entity) that is a fund that invests in bank loans
      and similar extensions of credit and is managed by the same investment advisor
      as such Lender or by an Affiliate of such investment advisor.

    

    Lenders.
      Bank of
      America and the other lending institutions listed on Schedule 1
      hereto
      and any other Person who becomes an assignee of any rights and obligations
      of a
      Lender pursuant to Section 15.

    

    Letter
      of Credit.
      See
      Section 4.1.1.

    

    Letter
      of Credit Advance.
      An
      advance made by the Issuing Lender or any Lender pursuant to Section
      4.1.3.

    

    Letter
      of Credit Application.
      See
      Section 4.1.1.

    

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

    

    Letter
      of Credit Fee.
      See
      Section 4.2.

    

    Letter
      of Credit Participation.
      Each
      Lender’s obligation to severally reimburse the Issuing Lender on demand for the
      amount of each draft paid by the Issuing Lender under each Letter of Credit
      to
      the extent such amount is not reimbursed by the Borrower pursuant to Section
      4.1.3.

    

    Lien.
      Any
      mortgage, deed of trust, security interest, pledge, hypothecation, assignment,
      attachment, deposit arrangement, encumbrance, lien (statutory, judgment or
      otherwise), or other security agreement or preferential arrangement of any
      kind
      or nature whatsoever (including any conditional sale or other title retention
      agreement, any Capitalized Lease, any Synthetic Lease, any financing lease
      involving substantially the same economic effect as any of the foregoing and
      the
      filing of any financing statement under the UCC or comparable law of any
      jurisdiction).

    

    Loan
      Documents.
      This
      Credit Agreement, the Notes, the Letter of Credit Applications, the Letters
      of
      Credit, the Guaranties and the Fee Letter.

    

    Loan
      Request.
      See
      Section 2.6.

    

    Loans.
      The
      Revolving Credit Loans.

    

    Material
      Adverse Effect.
      With
      respect to any change or effect, a material adverse change in, or a material
      adverse effect on, as the case may be, (i) business, properties, condition
      (economic, financial or otherwise), assets, operations or income of the
      Borrower, individually, or the Borrower and its Subsidiaries, taken as a whole,
      (ii) the ability of the Borrower or any Guarantor to perform its obligations
      under any Loan Document to which it is a party, or (iii) the ability of the
      Administrative Agent or any Lender to enforce the Loan Documents.

    

    

    
      
        
           

        

        
          -11-

          
            

          

        

        
           

        

      

    

    

    Maximum
      Drawing Amount.
      The
      maximum aggregate amount that the beneficiaries may at any time draw under
      outstanding Letters of Credit, as such aggregate amount may be reduced from
      time
      to time pursuant to the terms of the Letters of Credit.

    

    Moody's.
      Moody's
      Investors Services, Inc.

    

    Multiemployer
      Plan.
      Any
      multiemployer plan within the meaning of Section 3(37) of ERISA maintained
      or
      contributed to by the Borrower or any ERISA Affiliate.

    

    Non-Renewal
      Notice Date.
      See
      Section 4.1.2.

    

    Notes.
      The
      Revolving Credit Notes.

    

    Obligations.
      All
      indebtedness, obligations and liabilities of any of the Borrower and its
      Subsidiaries to any of the Lenders (including the Swing Line Lender), any
      Issuing Lender and the Administrative Agent arising or incurred under this
      Credit Agreement or any of the other Loan Documents or in respect of any of
      the
      Loans made or Reimbursement Obligations incurred or any Note, Letter of Credit
      Application, Letter of Credit or other instrument at any time evidencing any
      thereof, whether any of such indebtedness, obligations or liabilities (a) arise
      or are incurred individually or collectively, directly or indirectly, jointly
      or
      severally, absolutely or contingently, (b) arise by contract, operation of
      law
      or otherwise, (c) are matured or unmatured, liquidated or unliquidated, secured
      or unsecured, or (d) exist on the date of this Credit Agreement or arise
      thereafter.

    

    outstanding.
      With
      respect to the Loans, the aggregate unpaid principal thereof as of any date
      of
      determination.

    

    PBGC.
      The
      Pension Benefit Guaranty Corporation created by Section 4002 of ERISA and any
      successor entity or entities having similar responsibilities.

    

    Permitted
      Liens.
      Liens
      permitted by Section 9.2.

    

    Person.
      Any
      individual, corporation, limited liability company partnership, limited
      liability partnership, trust, other unincorporated association, business, or
      other legal entity, and any Governmental Authority.

    

    Platform.
      See
      Section 8.3.

    

    Prior
      Credit Agreement.
      That
      certain Revolving Credit Agreement by and among the Borrower, Bank of America
      (successor in interest to Fleet National Bank), the Lenders and the
      Administrative Agent dated as of October 16, 2003, as amended.

    

    Public
      Lender.
      See Section 8.3.

    

    Real
      Estate.
      All
      real property at any time owned or leased (as lessee or sublessee of such
      leasehold interest) by the Borrower or any of its Subsidiaries.

    

    Record.
      The
      grid attached to a Note, or the continuation of such grid, or any other similar
      record, including computer records, maintained by any Lender with respect to
      any
      Loan referred to in such Note.

    

    

    
      
        
           

        

        
          -12-

          
            

          

        

        
           

        

      

    

    

    Reference
      Period.
      As of
      any date of determination, the period of four (4) consecutive fiscal quarters
      of
      the Borrower and its Subsidiaries ending on the last day of any fiscal quarter,
      treated as a single accounting period.

    

    Register.
      See
      Section 15.3.

    

    Reimbursement
      Obligation.
      The
      Borrower's obligation to reimburse the Issuing Lender and the Lenders on account
      of any drawing under any Letter of Credit as provided in Section
      4.1.3.

    

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

    

    Rental
      Expense.
      All
      rental expenses of the Borrower or any of its Subsidiaries during any applicable
      fiscal period with respect to Rental Obligations, determined on a consolidated
      basis in accordance with GAAP.

    

    Rental
      Obligations.
      All
      obligations of the Borrower or any of its Subsidiaries under any rental
      agreements or leases of real or personal property, other than (a) obligations
      that can be terminated by the giving of notice without liability to the Borrower
      or such Subsidiary in excess of the liability for rent due as of the date on
      which such notice is given and under which no penalty or premium is paid as
      a
      result of any such termination, and (b) obligations in respect of any
      Capitalized Leases or
      any
      Synthetic Leases.

    

    Replacement
      Lender.
      See
      Section 2.1(c).

    

    Required
      Lenders.
      As of
      any date, the Lender(s) holding greater than fifty percent (50%) of the
      outstanding principal amount of the Revolving Credit Notes
      on
      such date; and if no such principal is outstanding, the Lender(s) whose
      aggregate Commitment(s) constitute(s) greater than fifty percent (50%) of the
      Total Commitment.

    

    Restricted
      Payment.
      In
      relation to the Borrower and its Subsidiaries, any (a) Distribution, or (b)
      payment by the Borrower or its Subsidiaries (i) to the Borrower's or any such
      Subsidiary's shareholders (or other equity holders), in each case, other than
      to
      the Borrower, or (ii) to any Affiliate of the Borrower or any Subsidiary or
      any
      Affiliate of the Borrower's or such Subsidiary's shareholders (or other equity
      holders), in each case, other than to the Borrower.

    

    Revolving
      Credit Loan Maturity Date.
      July
      26, 2012, as the same may be extended pursuant to Section 2.1(c).

    

    Revolving
      Credit Loans.
      Revolving credit loans (including the Swing Line Loans) made or to be made
      by
      the Lenders or the Administrative Agent to the Borrower pursuant to Section
      2.

    

    Revolving
      Credit Note Record.
      A
      Record with respect to a Revolving Credit Note.

    

    Revolving
      Credit Notes.
      See
      Section 2.4.

    

    Sale
      and Leaseback.
      See
      Section 9.6.

    

    Second
      Extension Request.
      See
      Section 2.1(c).

    

    Settlement.
      The
      making or receiving of payments, in immediately available funds, by the Lenders,
      to the extent necessary to cause each Lender's actual share of the outstanding
      amount of Revolving Credit Loans (after giving effect to any Loan Request)
      to be
      equal to such Lender's Commitment Percentage of the outstanding amount of such
      Revolving Credit Loans (after giving effect to any Loan Request), in any case
      where, prior to such event or action, the actual share is not so
      equal.

    

    

    
      
        
           

        

        
          -13-

          
            

          

        

        
           

        

      

    

    

    Settlement
      Amount.
      See
      Section 2.9.1.

    

    Settlement
      Date.
      (a) The
      Drawdown Date relating to any Loan Request, (b) the date which is no more than
      ten (10) days after the making of a Swing Line Loan pursuant to Section 2.6.2,
      (d) at the option of the Administrative Agent, on any Business Day following
      a
      day on which the account officers of the Administrative Agent active upon the
      Borrower's account become aware of the existence of an Event of Default, (e)
      any
      day on which any conversion of a Base Rate Loan to a Eurodollar Rate Loan
      occurs, or (f) any Business Day on which (i) the amount of outstanding Revolving
      Credit Loans decreases and (ii) the amount of the Administrative Agent's
      Revolving Credit Loans outstanding equals zero Dollars ($0).

    

    Settling
      Lender.
      See
      Section 2.9.1.

    

    Significant
      Subsidiary.
      The
      domestic Subsidiaries listed on Schedule 7.17(b) of the Credit Agreement and
      any
      other domestic Subsidiary, which, at any date of determination, either alone
      or
      together with the Subsidiaries of such Subsidiary, meets either of the following
      conditions: (a) as of the end of the most recent fiscal year of the Borrower,
      the total assets of such Subsidiary represented 10% or more of the Consolidated
      Total Assets of the Borrower and its Subsidiaries, or (b) for the most recent
      fiscal year of the Borrower, the net income before taxes of such Subsidiary
      represented 10% or more of the consolidated net income before taxes of the
      Borrower and its Subsidiaries, all as set forth on the most recently available
      consolidated and consolidating financial statements of the Borrower for such
      fiscal year.

    

    S&P.
      Standard & Poor's Ratings Group.

    

    Standby
      Letter of Credit Fee.
      See
      Section 4.2.

    

    Subsidiary.
      At any
      time and from time to time, any corporation, association, partnership, limited
      liability company, joint venture or other business entity of which the Borrower
      and/or any Subsidiary of the Borrower, directly or indirectly at such time,
      either (a) owns or controls more than fifty percent (50%) of the Voting Stock,
      or (b) is entitled to share in more than fifty percent (50%) of the profits
      and
      losses, however determined.

    

    Swing
      Line Lender.
      Bank of
      America.

    

    Swing
      Line Loans.
      Revolving Credit Loans made by Bank of America pursuant to Section
      2.6.2.

    

    Synthetic
      Lease.
      Any
      lease of goods or other property, whether real or personal, which is treated
      as
      an operating lease under GAAP and as a loan or financing for U.S. income tax
      purposes.

    

    Total
      Commitment.
      The sum
      of the Commitments of the Lenders, as in effect from time to time.

    

    Trading
      with the Enemy Act.
      See
      Section 7.19.

    

    Type.
      As to
      any Revolving Credit Loan which is not a Swing Line Loan, its nature as a Base
      Rate Loan or a Eurodollar Rate Loan.

    

    

    
      
        
           

        

        
          -14-

          
            

          

        

        
           

        

      

    

    

    Uniform
      Customs.
      With
      respect to any Letter of Credit, the Uniform Customs and Practice for
      Documentary Credits (1993 Revision), International Chamber of Commerce
      Publication No. 500 or any successor version thereto adopted by the Issuing
      Lender in the ordinary course of its business as a letter of credit issuer
      and
      in effect at the time of issuance of such Letter of Credit.

    

    Unpaid
      Reimbursement Obligation.
      Any
      Reimbursement Obligation for which the Borrower does not reimburse the
      Administrative Agent, the Issuing Lender and the Lenders on the date specified
      in, and in accordance with, Section 4.1.3.

    

    Voting
      Stock.
      Stock
      or similar interests, of any class or classes (however designated), the holders
      of which are at the time entitled, as such holders, to vote for the election
      of
      a majority of the directors (or persons performing similar functions) of the
      corporation, association, trust or other business entity involved, whether
      or
      not the right so to vote exists by reason of the happening of a
      contingency.

    

    1.2 Rules
      of Interpretation.

    

    (a) A
      reference to any document or agreement shall include such document or agreement
      as amended, modified or supplemented from time to time in accordance with its
      terms and the terms of this Credit Agreement.

    

    (b) The
      singular includes the plural and the plural includes the singular.

    

    (c) A
      reference to any law includes any amendment or modification to such
      law.

    

    (d) A
      reference to any Person includes its permitted successors and permitted
      assigns.

    

    (e) Accounting
      terms not otherwise defined herein have the meanings assigned to them by GAAP
      applied on a consistent basis by the accounting entity to which they
      refer.

    

    (f) The
      words
“include”, “includes” and “including” are not limiting.

    

    (g) All
      terms
      not specifically defined herein or by GAAP, which terms are defined in the
      Uniform Commercial Code as in effect in the State of New York, have the meanings
      assigned to them therein, with the term “instrument”
being
      that defined under Article 9 of the Uniform Commercial Code.

    

    (h) Reference
      to a particular “Section” refers to that section of this Credit Agreement unless
      otherwise indicated.

    

    (i) The
      words
“herein”, “hereof”, “hereunder” and words of like import shall refer to this
      Credit Agreement as a whole and not to any particular section or subdivision
      of
      this Credit Agreement.

    

    (j) Unless
      otherwise expressly indicated, in the computation of periods of time from a
      specified date to a later specified date, the word “from” means “from and
      including,” the words “to” and “until” each mean “to but excluding,” and the
      word “through” means “to and including.”

    

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

    

    

    
      
        
           

        

        
          -15-

          
            

          

        

        
           

        

      

    

    

    2. THE
      REVOLVING CREDIT FACILITY. 

    

    2.1 Commitment
      to Lend.
      

    

    (a) Subject
      to the terms and conditions set forth in this Credit Agreement, each of the
      Lenders severally agrees to lend to the Borrower and the Borrower may borrow,
      repay, and reborrow from time to time from the Closing Date up to but not
      including the Revolving Credit Loan Maturity Date upon notice by the Borrower
      to
      the Administrative Agent given in accordance with Section 2.6, such sums as
      are
      requested by the Borrower up to a maximum aggregate amount outstanding (after
      giving effect to all amounts requested) at any one time equal to such Lender's
      Commitment minus
      such
      Lender's Commitment Percentage of the sum of the Maximum Drawing Amount and
      all
      Unpaid Reimbursement Obligations, provided
      that the
      sum of the outstanding amount of the Revolving Credit Loans (after giving effect
      to all amounts requested), including the Swing Line Loans, plus
      the
      Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not at
      any
      time exceed the Total Commitment at such time. The Revolving Credit Loans shall
      be made pro rata
      in
      accordance with each Lender's Commitment Percentage. Each request for a
      Revolving Credit Loan hereunder shall constitute a representation and warranty
      by the Borrower that the conditions set forth in Section 11 and Section 12,
      in
      the case of the initial Revolving Credit Loans to be made on the Closing Date,
      and Section 12, in the case of all other Revolving Credit Loans, have been
      satisfied on the date of such request.

    

    (b) Limited
      Increase In Total Commitment.
      Unless
      a Default or Event of Default has occurred and is continuing, the Borrower
      may
      request, on one or more occasions, that the Total Commitment in effect on the
      date of such request be increased by up to $100,000,000, provided, however,
      that
      (i) the aggregate amount of any and all increases pursuant to this Section
      2.1(b) shall not exceed $100,000,000, (ii) any Lender which is a party to this
      Credit Agreement prior to such increase shall have the right to elect to fund
      its pro rata
      share of
      the increase and any additional amounts allocated by the Administrative Agent,
      thereby increasing its Commitment hereunder, but no Lender shall be required
      to
      do so, (iii) in the event that it becomes necessary to include one or more
      new Lenders to provide additional funding under this Section 2.1(b) in order
      to
      enable such increase in the Total Commitment to occur, such new Lender must
      be
      reasonably acceptable to the Administrative Agent and the Borrower,
      (iv) the Lenders' Commitment Percentages shall be correspondingly adjusted,
      (v) each new Lender shall make all (if any) such payments to the other Lenders
      as may be necessary to result in the sum of the Revolving Credit Loans to be
      made by such new Lender plus
      such new
      Lender's proportionate share of the Maximum Drawing Amount and all Unpaid
      Reimbursement Obligations being equal to such new Lender's Commitment Percentage
      (as then in effect) of the aggregate principal amount of the sum of all
      Revolving Credit Loans outstanding to the Borrower as of such date plus
      the
      Maximum Drawing Amount and all Unpaid Reimbursement Obligations as of such
      date), and (vi) Revolving Credit Notes issued or amended and such other changes
      shall be made to the Loan Documents, as shall be necessary to reflect any such
      increase in the Total Commitment. Any such increase in the Total Commitment
      (whether by $100,000,000 or by a lesser amount) shall require, among other
      things, the satisfaction of such conditions precedent as the Administrative
      Agent may require, including, without limitation, the obtaining by any
      applicable Lender of requisite internal approvals, the Administrative Agent's
      receipt of evidence of applicable corporate authorization and other corporate
      documentation from the Borrower and the legal opinion of counsel to the
      Borrower, each in form and substance satisfactory to the Administrative Agent
      and such Lenders as are participating in such increase. The Borrower shall
      prepay Revolving Credit Loans outstanding on the effective date of any such
      increase (and any additional amounts required pursuant to Section 5.10) to
      the
      extent necessary to keep the outstanding Revolving Credit Loans ratable with
      any
      revised Commitment Percentages arising from any nonratable increase in the
      Commitments under this Section. 

    

    

    
      
        
           

        

        
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    (c) Extension
      of Revolving Credit Loan Maturity Date.
      The
      Borrower may, provided that no Default or Event of Default has occurred and
      is
      continuing, by written notice delivered to the Administrative Agent no later
      than (i) ninety days (90) days prior to July 26, 2012, request that the
      Revolving Credit Loan Maturity Date be extended to a date one year after the
      then existing Revolving Credit Loan Maturity Date (the “First
      Extension Request”)
      and
      (ii) provided that the Required Lenders shall have consented to the First
      Extension Request and the Borrower shall have otherwise complied with the
      conditions set forth in this Section 2.1(c), ninety (90) days prior to July
      26,
      2013, request that the Revolving Credit Loan Maturity Date be extended to a
      date
      one year after the then existing Revolving Credit Loan Maturity Date as extended
      pursuant to the First Extension Request (the “Second
      Extension Request”
and,
      together with the First Extension Request each individually, an “Extension
      Request”
and
      collectively, the “Extension
      Requests”).
      The
      Administrative Agent shall notify the Lenders of each such Extension Request
      promptly after receipt thereof, and request each Lender to notify the
      Administrative Agent of its determination to consent or not to consent to each
      such Extension Request. If the Required Lenders consent to the First Extension
      Request by so notifying the Administrative Agent in writing no later than thirty
      (30) Business Days after notice of such Extension Request, the Revolving Credit
      Loan Maturity Date shall be extended to July 26, 2013 with respect to such
      consenting Lenders. If the Required Lenders consent to the Second Extension
      Request by so notifying the Administrative Agent in writing no later than thirty
      (30) Business Days after notice of such Extension Request, the Revolving Credit
      Loan Maturity Date shall be extended to July 26, 2014 with respect to such
      consenting Lenders. The determination with respect to each Extension Request
      shall be in the sole discretion of each Lender. Any Lender which fails to give
      written notice of its consent or non-consent within such period shall be deemed
      not to have consented to any Extension Request hereunder (a “Dissent”);
      provided
      that the
      Borrower may, within sixty (60) days of such Dissent, obtain a replacement
      lender satisfactory to the Administrative Agent (the “Replacement Lender”)
      to
      assume the dissenting Lender's Loans and Commitments by (i) requesting the
      non-dissenting Lenders acquire and assume all of the dissenting Lender’s Loans
      and Commitments, as provided herein, but no such Lenders shall be under an
      obligation to do so; or (ii) designating a Replacement Lender reasonably
      satisfactory to the Administrative Agent. If no satisfactory Replacement Lender
      shall be obtained, and/or none of the non-dissenting Lenders shall agree to
      acquire and assume all of the dissenting Lender’s Loans and Commitments, then
      the Borrower shall repay the full amount of the outstanding Obligations owing
      to
      such dissenting Lender on the then existing Revolving Credit Loan Maturity
      Date
      with respect to such dissenting Lender. If any satisfactory Replacement Lender
      shall be obtained, and/or any of the non-dissenting Lenders shall agree to
      acquire and assume all of the dissenting Lender’s Loans and Commitment, then
      such dissenting Lender shall, so long as no Event of Default shall have occurred
      and be continuing, assign, in accordance with Section 15, all of its Commitment,
      Loans, or Notes and other rights and obligations under this Credit Agreement
      and
      all other Loan Documents to such Replacement Lender or non-dissenting Lenders,
      as the case may be, in exchange for payment of the principal amount so assigned
      and all interest and fees accrued on the amount so assigned, plus all other
      Obligations then due and payable to the dissenting Lender; provided,
      however,
      that
      (i) such assignment shall be without recourse, representation or warranty and
      shall be on terms and conditions reasonably satisfactory to such dissenting
      Lender and such Replacement Lender and/or non-dissenting Lenders, as the case
      may be, and (ii) prior to any such assignment, the Borrower shall have paid
      to
      such dissenting Lender all amounts properly demanded and unreimbursed hereunder,
      if applicable. Upon the effective date of such assignment, the Borrower shall
      issue replacement Notes in favor of such Replacement Lender and/or
      non-dissenting Lenders, as the case may be, and such institution shall become
      a
“Lender” for all purposes under this Credit Agreement and the other Loan
      Documents. Any extension of the Revolving Credit Loan Maturity Date shall
      require, among other things, the satisfaction of such conditions as the
      Administrative Agent may reasonably require, including: (A) all representations
      of the Borrower and its Subsidiaries shall be true and correct on and as of
      the
      effective date of such extension; (B) no Default or Event of Default shall
      have
      occurred and be continuing on the date of such extension; (C) since delivery
      to
      the Administrative Agent of the Borrower’s most recent audited financial
      statements pursuant to Section
      8.3,
      there
      shall not have occurred any event or condition that has had or could reasonably
      be expected, either individually or in the aggregate, to have a Material Adverse
      Effect; and (D) on the then existing Revolving Credit Loan Maturity Date prior
      to such extension, the Borrower shall prepay the outstanding amount of any
      Loans
      made available by any non-dissenting Lender to the extent necessary to keep
      the
      Commitments ratable among such non-dissenting Lenders.

    

    

    
      
        
           

        

        
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    2.2 Commitment
      Fee.
      The
      Borrower agrees to pay to the Administrative Agent for the accounts of the
      Lenders in accordance with their respective Commitment Percentages a commitment
      fee (the “Commitment
      Fee”)
      calculated at the rate per annum of the Applicable Margin with respect to the
      Commitment Fee as in effect from time to time on the actual daily amount during
      each calendar quarter or portion thereof from the date hereof to the Revolving
      Credit Loan Maturity Date by which the Total Commitment minus
      the sum
      of the Maximum Drawing Amount and all Unpaid Reimbursement Obligations exceeds
      the outstanding amount of Revolving Credit Loans (other than Swing Line Loans
      which shall not be considered usage for purposes of this calculation only)
      during such calendar quarter. The Commitment Fee shall be payable quarterly
      in
      arrears on the first day of each calendar quarter for the immediately preceding
      calendar quarter commencing on the first such date following the date hereof,
      with a final payment on the Revolving Credit Loan Maturity Date or any earlier
      date on which the Commitments shall terminate.

    

    2.3 Reduction
      of Total Commitment.
      The
      Borrower shall have the right at any time and from time to time upon three
      (3)
      Business Days prior written notice to the Administrative Agent to reduce by
      $5,000,000 or an integral multiple thereof or to terminate entirely the Total
      Commitment, whereupon the Commitments of the Lenders shall be reduced pro rata
      in accordance with their respective Commitment Percentages of the amount
      specified in such notice or, as the case may be, terminated. Promptly after
      receiving any notice of the Borrower delivered pursuant to this Section 2.3,
      the
      Administrative Agent will notify the Lenders of the substance thereof. Upon
      the
      effective date of any such reduction or termination, the Borrower shall pay
      to
      the Administrative Agent for the respective accounts of the Lenders the full
      amount of any Commitment Fee then accrued on the amount of the reduction. No
      reduction or termination of the Commitments may be reinstated.

    

    2.4 The
      Revolving Credit Notes.
      The
      Revolving Credit Loans shall be evidenced by separate promissory notes of the
      Borrower in substantially the form of Exhibit
      A
      hereto
      (each a “Revolving
      Credit Note”),
      dated
      as of the Closing Date (or such other date on which a Lender may become a party
      hereto in accordance with Section 15 hereof) and completed with appropriate
      insertions. One Revolving Credit Note shall be payable to the order of each
      Lender in a principal amount equal to such Lender's Commitment or, if less,
      the
      outstanding amount of all Revolving Credit Loans made by such Lender,
plus
      interest
      accrued thereon, as set forth below. The Borrower irrevocably authorizes each
      Lender to make or cause to be made, at or about the time of the Drawdown Date
      of
      any Revolving Credit Loan or at the time of receipt of any payment of principal
      on such Lender's Revolving Credit Note, an appropriate notation on such Lender's
      Revolving Credit Note Record reflecting the making of such Revolving Credit
      Loan
      or (as the case may be) the receipt of such payment. The outstanding amount
      of
      the Revolving Credit Loans set forth on such Lender's Revolving Credit Note
      Record shall be prima facie
      evidence, absent manifest error, of the principal amount thereof owing and
      unpaid to such Lender, but the failure to record, or any error in so recording,
      any such amount on such Lender's Revolving Credit Note Record shall not limit
      or
      otherwise affect the obligations of the Borrower hereunder or under any
      Revolving Credit Note to make payments of principal of or interest on any
      Revolving Credit Note when due.

    

    

    
      
        
           

        

        
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    2.5 Interest
      on Revolving Credit Loans.
      Except
      as
      otherwise provided in Section 5.11,

    

    (a) Each
      Revolving Credit Loan which is a Base Rate Loan shall bear interest for the
      period commencing with the Drawdown Date thereof and ending on the last day
      of
      the Interest Period with respect thereto at the rate per annum equal to the
      Base
      Rate plus
      the
      Applicable Margin with respect to Base Rate Loans as in effect from time to
      time.

    

    (b) Each
      Revolving Credit Loan which is a Eurodollar Rate Loan shall bear interest for
      the period commencing with the Drawdown Date thereof and ending on the last
      day
      of the Interest Period with respect thereto at the rate per annum equal to
      the
      Eurodollar Rate determined for such Interest Period plus
      the
      Applicable Margin with respect to Eurodollar Rate Loans as in effect from time
      to time.

    

    (c) Each
      Swing Line Loan shall bear interest from the period commencing with the Drawdown
      Date thereof and ending on the last day of the Interest Period with respect
      thereto at a rate per annum equal to, at the Borrower's option (i) the Base
      Rate
plus
      the
      Applicable Margin with respect to Base Rate Loans in effect from time to time,
      and (ii) the Fixed Rate, which interest shall be paid on each Interest Payment
      Date for Swing Line Loans for the account of the Swing Line Lender. Interest
      periods for Swing Line Loans which are also Fixed Rate Loans shall be for a
      period of ten (10) days or less. The Borrower shall give the Swing Line Lender
      notice no later than 1:00 p.m. on the last day of the Interest Period that
      is a
      Fixed Rate Loan of its intention to repay such Swing Line Loan or to refund
      such
      Swing Line Loan with a Revolving Credit Loan which is not a Swing Line Loan
      in
      accordance with Section 2.9. In the event that the Borrower fails to give such
      notice, such Swing Line Loan shall, on the last day of such Interest Period
      cease to be a Fixed Rate Loan.

    

    The
      Borrower promises to pay interest on each Revolving Credit Loan in arrears
      on
      each Interest Payment Date with respect thereto.

    

    2.6 Requests
      for Revolving Credit Loans.

    

    2.6.1 General.
      The
      Borrower shall give to the Administrative Agent written notice in the form
      of
Exhibit
      B
      hereto
      (or telephonic notice confirmed promptly in a writing in the form of
Exhibit
      B
      hereto)
      of each Revolving Credit Loan requested hereunder (a “Loan
      Request”)
      (a) by
      no later than 12:00 p.m. (New York time) on the proposed Drawdown Date of any
      Base Rate Loan and (b) by no later than 12:00 noon (New York time) no less
      than
      three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any
      Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount
      of
      the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such
      Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit
      Loan
      and (iv) the Type of such Revolving Credit Loan. Promptly upon receipt of any
      such notice, the Administrative Agent shall notify each of the Lenders thereof.
      Each Loan Request shall be irrevocable and binding on the Borrower and shall
      obligate the Borrower to accept the Revolving Credit Loan requested from the
      Lenders on the proposed Drawdown Date. With respect to Eurodollar Rate Loans,
      each Loan Request shall be in a minimum aggregate amount of $1,000,000 or an
      integral multiple of $500,000 in excess thereof, and with respect to Base Rate
      Loans, each Loan Request shall be in a minimum aggregate amount of $500,000
      or
      an integral multiple of $100,000 in excess thereof.

    

    

    
      
        
           

        

        
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    2.6.2 Swing
      Line.
      Notwithstanding the notice and minimum amount requirements set forth in Section
      2.6.1 but otherwise in accordance with the terms and conditions of this Credit
      Agreement, the Swing Line Lender may, at the Borrower’s request and in the Swing
      Line Lender’s sole discretion and without conferring with the Lenders, make
      Revolving Credit Loans (each, a “Swing
      Line Loan”)
      to the
      Borrower in an amount requested by the Borrower provided,
      that
      (a) each such Swing Line Loan shall be in a minimum aggregate amount of
      $1,000,000 or an integral multiple of $100,000 in excess thereof, and (b) the
      aggregate outstanding amount of all Swing Line Loans made by the Swing Line
      Lender pursuant to this Section 2.6.2 shall not exceed $20,000,000 at any one
      time. The Borrower hereby requests and authorizes the Swing Line Lender to
      make
      from time to time such Swing Line Loans as may be so requested. The Borrower
      acknowledges and agrees that the making of such Swing Line Loans shall, in
      each
      case, be subject in all respects to the provisions of this Credit Agreement
      as
      if they were Swing Line Loans covered by a Loan Request including, without
      limitation, the limitations set forth in Section 2.1 and the requirements that
      the applicable provisions of Section 11 (in the case of Swing Line Loans made
      on
      the Closing Date) and Section 12 be satisfied. All actions taken by the Swing
      Line Lender pursuant to the provisions of this Section 2.6.2 shall be conclusive
      and binding on the Borrower and the Lenders absent the Swing Line Lender's
      gross
      negligence or willful misconduct.

    

    2.7 Conversion
      Options.
      

    

    2.7.1 Conversion
      to Different Type of Revolving Credit Loan.
      The
      Borrower may elect from time to time to convert any outstanding Revolving Credit
      Loan to a Revolving Credit Loan of another Type, provided
      that (a)
      with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate
      Loan, the Borrower shall give the Administrative Agent at least one (1) Business
      Day prior written notice of such election; (b) with respect to any such
      conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall
      give the Administrative Agent at least three (3) Eurodollar Business Days prior
      written notice of such election; (c) with respect to any such conversion of
      a
      Eurodollar Rate Loan into a Base Rate Loan, such conversion shall only be made
      on the last day of the Interest Period with respect thereto and (d) no Revolving
      Credit Loan may be converted into a Eurodollar Rate Loan when any Default or
      Event of Default has occurred and is continuing. On the date on which such
      conversion is being made each Lender shall take such action as is necessary
      to
      transfer its Commitment Percentage of such Revolving Credit Loans to its
      Domestic Lending Office or its Eurodollar Lending Office, as the case may be.
      All or any part of outstanding Revolving Credit Loans of any Type may be
      converted into a Revolving Credit Loan of another Type as provided herein,
      provided
      that any
      partial conversion to a Eurodollar Rate Loan shall be in an aggregate principal
      amount of $1,000,000 or an integral multiple of $500,000 in excess thereof,
      and
      any partial conversion to a Base Rate Loan shall be in an aggregate principal
      amount of $500,000 or an integral multiple of $100,000 in excess thereof. Each
      Conversion Request relating to the conversion of a Revolving Credit Loan to
      a
      Eurodollar Rate Loan shall be irrevocable by the Borrower.

    

    

    
      
        
           

        

        
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    2.7.2 Continuation
      of Type of Revolving Credit Loan.
      Any
      Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan
      of
      the same Type upon the expiration of an Interest Period with respect thereto
      by
      compliance by the Borrower with the notice provisions contained in Section
      2.7.1; provided
      that no
      Eurodollar Rate Loan may be continued as such when any Default or Event of
      Default has occurred and is continuing, but shall be automatically converted
      to
      a Base Rate Loan on the last day of the first Interest Period relating thereto
      ending during the continuance of any Default or Event of Default of which
      officers of the Administrative Agent active upon the Borrower's account have
      actual knowledge. In the event that the Borrower fails to provide any such
      notice with respect to the continuation of any Eurodollar Rate Loan as such,
      then such Eurodollar Rate Loan shall be automatically converted to a Base Rate
      Loan on the last day of the first Interest Period relating thereto. The
      Administrative Agent shall notify the Lenders promptly when any such automatic
      conversion contemplated by this Section 2.7 is scheduled to occur.

    

    2.7.3 Eurodollar
      Rate Loans.
      Any
      conversion to or from Eurodollar Rate Loans shall be in such amounts and be
      made
      pursuant to such elections so that, after giving effect thereto, the aggregate
      principal amount of all Eurodollar Rate Loans having the same Interest Period
      shall not be less than $1,000,000 or an integral multiple of $500,000 in excess
      thereof. No more than ten (10) Eurodollar Rate Loans having different Interest
      Periods may be outstanding at any time.

    

    2.7.4 Applicability
      of Conversion and Continuation Provisions.
      Notwithstanding anything to the contrary herein contained, the provisions of
      this Section 2.7 shall not apply to Swing Line Loans.

    

    2.8 Funds
      for Revolving Credit Loan.
      

    

    2.8.1 Funding
      Procedures.
      Not
      later than 3:00 p.m. (New York time) on the proposed Drawdown Date of any
      Revolving Credit Loans, each of the Lenders will make available to the
      Administrative Agent, at the Administrative Agent's Office, in immediately
      available funds, the amount of such Lender's Commitment Percentage of the amount
      of the requested Revolving Credit Loans. Upon receipt from each Lender of such
      amount, and upon receipt of the documents required by Sections 11 and 12 and
      the
      satisfaction of the other conditions set forth therein, to the extent
      applicable, the Administrative Agent will make available to the Borrower the
      aggregate amount of such Revolving Credit Loans made available to the
      Administrative Agent by the Lenders. The failure or refusal of any Lender to
      make available to the Administrative Agent at the aforesaid time and place
      on
      any Drawdown Date the amount of its Commitment Percentage of the requested
      Revolving Credit Loans shall not relieve any other Lender from its several
      obligation hereunder to make available to the Administrative Agent the amount
      of
      such other Lender's Commitment Percentage of any requested Revolving Credit
      Loans.

    

    

    
      
        
           

        

        
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    2.8.2 Advances
      by Administrative Agent.
      The
      Administrative Agent may, unless notified to the contrary by any Lender prior
      to
      a Drawdown Date, assume that such Lender has made available to the
      Administrative Agent on such Drawdown Date the amount of such Lender's
      Commitment Percentage of the Revolving Credit Loans to be made on such Drawdown
      Date, and the Administrative Agent may, in reliance upon such assumption, make
      available to the Borrower a corresponding amount. If any Lender makes available
      to the Administrative Agent such amount on a date after such Drawdown Date,
      such
      Lender shall pay to the Administrative Agent on demand such amount in
      immediately available funds with interest thereon, for each day from and
      including the date such amount is made available to the Borrower to but
      excluding the date of payment to the Administrative Agent, at the greater of
      the
      Federal Funds Rate and a rate determined by the Administrative Agent in
      accordance with banking industry rules on interbank compensation, plus any
      administrative, processing or similar fees customarily charged by the
      Administrative Agent in connection with the foregoing. A statement of the
      Administrative Agent submitted to such Lender with respect to any amounts owing
      under this paragraph shall be prima facie evidence (absent manifest error)
      of
      the amount due and owing to the Administrative Agent by such Lender. If the
      amount of such Lender’s Commitment Percentage of such Revolving Credit Loans is
      not made available to the Administrative Agent by such Lender within three
      (3)
      Business Days following such Drawdown Date, the Administrative Agent shall
      be
      entitled to recover such amount from the Borrower on demand, with interest
      thereon at the rate per annum applicable to the Revolving Credit Loans made
      on
      such Drawdown Date. If the Borrower and such Lender shall pay such interest
      to
      the Administrative Agent for the same or an overlapping period, the
      Administrative Agent shall promptly remit to the Borrower the amount of such
      interest paid by the Borrower for such period. If such Lender pays its share
      of
      the applicable borrowing to the Administrative Agent, then the amount so paid
      shall constitute such Lender’s Loan included in such borrowing. Any payment by
      the Borrower shall be without prejudice to any claim the Borrower may have
      against a Lender that shall have failed to make such payment to the
      Administrative Agent.

    

    2.9 Settlements.
      

    

    2.9.1 General.
      On each
      Settlement Date, the Administrative Agent shall, not later than 1:00 p.m. (New
      York time), give telephonic, facsimile or electronic mail notice (a) to the
      Lenders and the Borrower of the respective outstanding amount of Revolving
      Credit Loans made by the Administrative Agent on behalf of the Lenders or in
      the
      form of Swing Line Loans from the immediately preceding Settlement Date through
      the close of business on the prior day and the amount of any Eurodollar Rate
      Loans to be made (following the giving of notice pursuant to Section 2.6.1(b))
      on such date pursuant to a Loan Request and (b) to the Lenders of the amount
      (a
“Settlement
      Amount”)
      that
      each Lender (a “Settling
      Lender”)
      shall
      pay to effect a Settlement of any Revolving Credit Loan. A statement of the
      Administrative Agent submitted to the Lenders and the Borrower or to the Lenders
      with respect to any amounts owing under this Section 2.9 shall be prima facie
      evidence (absent manifest error) of the amount due and owing. Each Settling
      Lender shall, not later than 3:00 p.m. (New York time) on such Settlement Date,
      effect a wire transfer of immediately available funds to the Administrative
      Agent in the amount of the Settlement Amount for such Settling Lender. All
      funds
      advanced by any Lender as a Settling Lender pursuant to this Section 2.9 shall
      for all purposes be treated as a Revolving Credit Loan made by such Settling
      Lender to the Borrower and all funds received by any Lender pursuant to this
      Section 2.9 shall for all purposes be treated as repayment of amounts owed
      with
      respect to Revolving Credit Loans made by such Lender. In the event that any
      bankruptcy, reorganization, liquidation, receivership or similar cases or
      proceedings in which the Borrower is a debtor prevent a Settling Lender from
      making any Revolving Credit Loan to effect a Settlement as contemplated hereby,
      such Settling Lender will make such dispositions and arrangements with the
      other
      Lenders with respect to such Revolving Credit Loans, either by way of purchase
      of participations, distribution, pro tanto assignment of claims, subrogation
      or
      otherwise as shall result in each Lender's share of the outstanding Revolving
      Credit Loans being equal, as nearly as may be, to such Lender's Commitment
      Percentage of the outstanding amount of the Revolving Credit Loans.

    

    

    
      
        
           

        

        
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    2.9.2 Failure
      to Make Funds Available.
      The
      Administrative Agent may, unless notified to the contrary by any Settling Lender
      prior to a Settlement Date, assume that such Settling Lender has made or will
      make available to the Administrative Agent on such Settlement Date the amount
      of
      such Settling Lender's Settlement Amount, and the Administrative Agent may,
      in
      reliance upon such assumption, make available to the Borrower a corresponding
      amount. If any Settling Lender makes available to the Administrative Agent
      such
      amount on a date after such Settlement Date, then such Settling Lender shall
      pay
      to the Administrative Agent forthwith on demand such amount in immediately
      available funds with interest thereon, for each day from and including the
      Settlement Date at the greater of the Federal Funds Rate and a rate determined
      by the Administrative Agent in accordance with banking industry rules on
      interbank compensation, plus any administrative, processing or similar fees
      customarily charged by the Administrative Agent in connection with the
      foregoing. A statement of the Administrative Agent submitted to such Settling
      Lender with respect to any amounts owing under this Section 2.9.2 shall be
      prima
      facie evidence (absent manifest error) of the amount due and owing to the
      Administrative Agent by such Settling Lender. If such Settling Lender's
      Settlement Amount is not made available to the Administrative Agent by such
      Settling Lender within three (3) Business Days following such Settlement Date,
      the Administrative Agent shall be entitled to recover such amount from the
      Borrower on demand, with interest thereon at the rate per annum applicable
      to
      the Revolving Credit Loans as of such Settlement Date.

    

    2.9.3 No
      Effect on Other Lenders.
      The
      failure or refusal of any Settling Lender to make available to the
      Administrative Agent at the aforesaid time and place on any Settlement Date
      the
      amount of such Settling Lender’s Settlement Amount shall not (a) relieve any
      other Settling Lender from its several obligations hereunder to make available
      to the Administrative Agent the amount of such other Settling Lender’s
      Settlement Amount or (b) impose upon any Lender, other than the Settling Lender
      so failing or refusing, any liability with respect to such failure or refusal
      or
      otherwise increase the Commitment of such other Lender.

    

    3. REPAYMENT
      OF THE REVOLVING CREDIT LOANS.

    

    3.1 Maturity.
      The
      Borrower promises to pay on the Revolving Credit Loan Maturity Date, and there
      shall become absolutely due and payable on the Revolving Credit Loan Maturity
      Date, all of the Revolving Credit Loans outstanding on such date, together
      with
      any and all accrued and unpaid interest thereon. Without limiting the foregoing,
      the Borrower promises to pay to the Administrative Agent for its own account,
      and there shall become absolutely due and payable, the outstanding principal
      amount of each Swing Line Loan made to the Borrower on the earlier of the
      Settlement Date with respect thereto and the Revolving Credit Loan Maturity
      Date.

    

    

    
      
        
           

        

        
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    3.2 Mandatory
      Repayments of Revolving Credit Loans.
      If at
      any time the sum of the outstanding amount of the Revolving Credit Loans
      (including the Swing Line Loans), the Maximum Drawing Amount and all Unpaid
      Reimbursement Obligations exceeds the Total Commitment at such time, then the
      Borrower shall immediately pay the amount of such excess to the Administrative
      Agent for the respective accounts of the Lenders for application: first, to
      the
      Swing Line Loans; second, to any Unpaid Reimbursement Obligations; third, to
      the
      Revolving Credit Loans; and fourth, to provide to the Administrative Agent
      cash
      collateral for Reimbursement Obligations as contemplated by Section
      4.1.7.

    

    Each
      payment of any Unpaid Reimbursement Obligations or prepayment of Revolving
      Credit Loans (other than Swing Line Loans) shall be allocated among the Lenders,
      in proportion, as nearly as practicable, to each Reimbursement Obligation or
      (as
      the case may be) the respective unpaid principal amount of each Lender's
      Revolving Credit Note, with adjustments to the extent practicable to equalize
      any prior payments or repayments not exactly in proportion. Each payment or
      prepayment of Swing Line Loans shall be allocated to the Swing Line
      Lender.

    

    3.3 Optional
      Repayments of Revolving Credit Loans.
      The
      Borrower shall have the right, at its election, to repay the outstanding amount
      of the Revolving Credit Loans and Fixed Rate Loans, as a whole or in part,
      at
      any time without penalty or premium, provided
      that any
      full or partial prepayment of the outstanding amount of any Eurodollar Rate
      Loans pursuant to this Section 3.3 may be made only on the last day of the
      Interest Period relating thereto unless breakage costs described in Section
      5.10
      in connection therewith are paid by the Borrower. The Borrower shall give the
      Administrative Agent, no later than 11:00 a.m., New York time, on such day
      written notice of any proposed prepayment pursuant to this Section 3.3 of Base
      Rate Loans, and no later than 12:00 noon, New York time, three (3) Eurodollar
      Business Days notice of any proposed prepayment pursuant to this Section 3.3
      of
      Fixed Rate Loans or Eurodollar Rate Loans, in each case specifying the proposed
      date of prepayment of Revolving Credit Loans and the principal amount to be
      prepaid. Each such partial prepayment of the Revolving Credit Loans shall be
      in
      a minimum aggregate amount of $1,000,000 or an integral multiple of $500,000
      in
      excess thereof, shall be accompanied by the payment of accrued interest on
      the
      principal prepaid to the date of prepayment and shall be applied, in the absence
      of instruction by the Borrower, first to the principal of Fixed Rate Loans,
      second to the principal of Base Rate Loans and third to the principal of
      Eurodollar Rate Loans. Each partial prepayment shall be allocated among the
      Lenders, in proportion, as nearly as practicable, to the respective unpaid
      principal amount of each Lender's Revolving Credit Note, with adjustments to
      the
      extent practicable to equalize any prior repayments not exactly in
      proportion.

    

    4. LETTERS
      OF CREDIT.

    

    4.1 Letter
      of Credit Commitments.

    

    4.1.1 Commitment
      to Issue Letters of Credit.
      (a)
 Subject
      to the terms and conditions hereof and the execution and delivery by the
      Borrower of a letter of credit application on the Issuing Lender's customary
      form (a “Letter
      of Credit Application”),
      the
      Issuing Lender on behalf of the Lenders and in reliance upon the agreement
      of
      the Lenders set forth in Section 4.1.4 and upon the representations and
      warranties of the Borrower contained herein, agrees, in its individual capacity,
      to issue, extend, amend and renew for the account of the Borrower one or more
      standby or documentary letters of credit (individually, a “Letter
      of Credit”),
      in
      such form as may be requested from time to time by the Borrower and agreed
      to by
      the Issuing Lender; provided,
      however, that, after giving effect to such request, the sum of (i) the Maximum
      Drawing Amount on all Letters of Credit, (ii) all Unpaid Reimbursement
      Obligations, and (iii) the amount of all Revolving Credit Loans (including
      Swing
      Line Loans) outstanding shall not exceed the Total Commitment at such time.
      As
      of the Closing Date, the letters of credit existing for the account of the
      Borrower under the Prior Credit Agreement set forth on Schedule 4.1.1
      attached
      hereto, shall become a Letter of Credit under this Credit Agreement for all
      purposes.

    

    

    
      
        
           

        

        
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    (b) The
      Issuing Lender shall not issue any Letter of Credit if the expiry date of such
      requested Letter of Credit would occur after the Letter of Credit Expiration
      Date, unless all the Lenders have approved such expiry date.

    

    (c) The
      Issuing Lender shall not be under any obligation to issue any Letter of Credit
      if:

    

    (i) any
      order, judgment or decree of any Governmental Authority or arbitrator shall
      by
      its terms purport to enjoin or restrain the Issuing Lender from issuing such
      Letter of Credit, or any law applicable to the Issuing Lender or any request
      or
      directive (whether or not having the force of law) from any Governmental
      Authority with jurisdiction over the Issuing Lender shall prohibit, or request
      that the Issuing Lender refrain from, the issuance of letters of credit
      generally or such Letter of Credit in particular or shall impose upon the
      Issuing Lender with respect to such Letter of Credit any restriction, reserve
      or
      capital requirement (for which the Issuing Lender is not otherwise compensated
      hereunder) not in effect on the Closing Date, or shall impose upon the Issuing
      Lender any unreimbursed loss, cost or expense which was not applicable on the
      Closing Date and which the Issuing Lender in good faith deems material to
      it.

    

    (ii) the
      issuance of such Letter of Credit would violate one or more policies of the
      Issuing Lender relating to its ability to issue Letters of Credit;
      or

    

    (iii) a
      default
      of any Lender’s obligations to fund under Section 4.1.3 exists or any Lender is
      at such time a Delinquent Lender hereunder, unless the Issuing Lender has
      entered into satisfactory arrangements with the Borrower or such Lender to
      eliminate the Issuing Lender’s risk with respect to such Lender.

    

    Furthermore,
      the Issuing Lender shall not amend any Letter of Credit if the Issuing Lender
      would not be permitted at such time to issue such Letter of Credit in its
      amended form under the terms hereof and the Issuing Lender shall be under no
      obligation to amend any Letter of Credit if (A) the Issuing Lender would have
      no
      obligation at such time to issue such Letter of Credit in its amended form
      under
      the terms hereof, or (B) the beneficiary of such Letter of Credit does not
      accept the proposed amendment to such Letter of Credit.

    

    4.1.2 Procedures
      for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of
      Credit.
      (a)
      Each Letter of Credit shall be issued or amended, as the case may be, upon
      the
      request of the Borrower delivered to the Issuing Lender (with a copy to the
      Administrative Agent) in the form of a Letter of Credit Application,
      appropriately completed and signed by the Borrower. Such Letter of Credit
      Application must be received by the Issuing Lender and the Administrative Agent
      not later than 3:00 p.m. (New York time) at least one Business Day (or such
      later date and time as the Administrative Agent and the Issuing Lender may
      agree
      in a particular instance in their sole discretion) prior to the proposed
      issuance date or date of amendment, as the case may be. In the case of a request
      for an initial issuance of a Letter of Credit, such Letter of Credit Application
      shall specify in form and detail satisfactory to the Issuing Lender: (i) the
      proposed issuance date of the requested Letter of Credit (which shall be a
      Business Day); (ii) the Maximum Drawing Amount thereof; (iii) the expiry date
      thereof; (iv) the name and address of the beneficiary thereof; (v) the documents
      to be presented by such beneficiary in case of any drawing thereunder; (vi)
      the
      full text of any certificate to be presented by such beneficiary in case of
      any
      drawing thereunder; and (vii) such other matters as the Issuing Lender may
      require. In the case of a request for an amendment of any outstanding Letter
      of
      Credit, such Letter of Credit Application shall specify in form and detail
      satisfactory to the Issuing Lender (i) the Letter of Credit to be amended;
      (ii)
      the proposed date of amendment thereof (which shall be a Business Day); (iii)
      the nature of the proposed amendment; and (iv) such other matters as the Issuing
      Lender may require. Additionally, the Borrower shall furnish to the Issuing
      Lender and the Administrative Agent such other documents and information
      pertaining to such requested Letter of Credit issuance or amendment, including
      any Issuer Documents, as the Issuing Lender or the Administrative Agent may
      reasonably require. In the event that any provision of any Letter of Credit
      Application shall be inconsistent with any provision of this Credit Agreement,
      then the provisions of this Credit Agreement shall, to the extent of any such
      inconsistency, govern.

    

    

    
      
        
           

        

        
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    (b) Promptly
      after receipt of any Letter of Credit Application, the Issuing Lender will
      confirm with the Administrative Agent (by telephone or in writing) that the
      Administrative Agent has received a copy of such Letter of Credit Application
      from the Borrower and, if not, the Issuing Lender will provide the
      Administrative Agent with a copy thereof. Unless the Issuing Lender has received
      written notice from any Lender, the Administrative Agent, the Borrower or any
      Guarantor, at least one Business Day prior to the requested date of issuance
      or
      amendment of the applicable Letter of Credit, that one or more applicable
      conditions contained in Section 12 shall not then be satisfied, then, subject
      to
      the terms and conditions hereof, the Issuing Lender shall, on the requested
      date, issue a Letter of Credit for the account of the Borrower or enter into
      the
      applicable amendment, as the case may be, in each case in accordance with the
      Issuing Lender’s usual and customary business practices. Immediately upon the
      issuance of each Letter of Credit, each Lender shall be deemed to, and hereby
      irrevocably and unconditionally agrees to, purchase from the Issuing Lender
      a
      risk participation in such Letter of Credit in an amount equal to such Lender’s
      Commitment Percentage of the amount of such Letter of Credit.

    

    (c) If
      the
      Borrower so requests in any applicable Letter of Credit Application, and subject
      to the terms and conditions of Section 4.1.1, the Issuing Lender agrees to
      issue
      a Letter of Credit that has automatic renewal provisions (each, an “Auto-Renewal
      Letter of Credit”);
      provided
      that any
      such Auto-Renewal Letter of Credit must permit the Issuing Lender to prevent
      any
      such renewal at least once in each twelve-month period (commencing with the
      date
      of issuance of such Letter of Credit) by giving prior notice to the beneficiary
      thereof not later than a day (the “Non-Renewal
      Notice Date”)
      in
      each such twelve-month period to be agreed upon at the time such Letter of
      Credit is issued. Unless otherwise directed by the Issuing Lender, the Borrower
      shall not be required to make a specific request to the Issuing Lender for
      any
      such renewal. Once an Auto-Renewal Letter of Credit has been issued, the Lenders
      shall be deemed to have authorized (but may not require) the Issuing Lender
      to
      permit the renewal of such Letter of Credit at any time to an expiry date not
      later than the Letter of Credit Expiration Date; provided,
      however,
      that
      the Issuing Lender shall not permit any such renewal if (A) the Issuing Lender
      has determined that it would not be permitted, or would have no obligation,
      at
      such time to issue such Letter of Credit in its revised form under the terms
      hereof (by reason of the provisions of clause (b) or (c) of Section 4.1.1 or
      otherwise), or (B) it has received notice (which may be by telephone or in
      writing) on or before the day that is seven (7) Business Days before the
      Non-Renewal Notice Date from the Administrative Agent, any Lender or the
      Borrower that one or more of the applicable conditions specified in Section
      12
      is not then satisfied, and in each such case directing the Issuing Lender not
      to
      permit such renewal.

    

    

    
      
        
           

        

        
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    (d) Promptly
      after its delivery of any Letter of Credit or any amendment to a Letter of
      Credit to an advising bank with respect thereto or to the beneficiary thereof,
      the Issuing Lender will also deliver to the Borrower and the Administrative
      Agent a true and complete copy of such Letter of Credit or
      amendment.

    

    4.1.3 Drawings
      and Reimbursements; Funding of Participations.
      (a)
      Upon payment by the Issuing Lender of a drawing under any Letter of Credit,
      the
      Issuing Lender shall notify the Borrower and the Administrative Agent thereof
      not later than 11:00 a.m. (New York time) on the date of such payment (each
      such
      date, an “Honor
      Date”).
      Not
      later than 1:00 p.m. (New York time) on the Honor Date, the Borrower shall
      reimburse the Issuing Lender through the Administrative Agent in an amount
      equal
      to the amount of such payment. If the Borrower fails to so reimburse the Issuing
      Lender by such time, the Administrative Agent shall promptly notify each Lender
      of the Honor Date, the amount of the Unpaid Reimbursement Obligations, and
      the
      amount of such Lender’s pro rata share thereof. In such event, the Borrower
      shall be deemed to have made a Loan Request which shall be for a Base Rate
      Loan
      to be disbursed on the Honor Date in an amount equal to the Unpaid Reimbursement
      Obligation, without regard to the minimum and multiples specified herein for
      the
      principal amount of Base Rate Loans, but subject to the amount of the unutilized
      portion of the Total Commitment and the conditions set forth in Section 12.
      Any
      notice given by the Issuing Lender or the Administrative Agent pursuant to
      this
      Section 4.1.3(a) must be given in writing to such Persons as may from time
      to
      time be designated by the Borrower in accordance with Section 16.6.

    

    (b) Each
      Lender shall upon any notice pursuant to Section 4.1.3(a) make funds available
      to the Administrative Agent for the account of the Issuing Lender at the
      Administrative Agent’s Office in an amount equal to its Commitment Percentage of
      the Unpaid Reimbursement Obligations not later than 3:00 p.m. (New York time)
      on
      the Business Day specified in such notice by the Administrative Agent,
      whereupon, subject to the provisions of Section 4.1.3(c), each Lender that
      so
      makes funds available shall be deemed to have made a Base Rate Loan to the
      Borrower in such amount. The Administrative Agent shall remit the funds so
      received to the Issuing Lender.

    

    (c) With
      respect to any Unpaid Reimbursement Obligation that is not fully refinanced
      by a
      Loan which is a Base Rate Loan because the conditions set forth in Section
      12
      cannot be satisfied or for any other reason, the Borrower shall be deemed to
      have incurred from the Issuing Lender a Letter of Credit Advance in the amount
      of the Unpaid Reimbursement Obligation that is not so refinanced, which Letter
      of Credit Advance shall be due and payable on demand (together with interest)
      and shall bear interest at the rate set forth in Section 5.11. In such event,
      each Lender’s payment to the Administrative Agent for the account of the Issuing
      Lender pursuant to Section 4.1.3(b) shall be deemed payment in respect of its
      participation in such Letter of Credit Advance and shall constitute a Letter
      of
      Credit Advance from such Lender in satisfaction of its participation obligation
      under this Section 4.1.3.

    

    (d) Until
      each Lender funds its Letter of Credit Advance pursuant to this Section 4.1.3
      to
      reimburse the Issuing Lender for any amount drawn under any Letter of Credit,
      interest in respect of such Lender’s pro rata share of such amount shall be
      solely for the account of the Issuing Lender.

    

    

    
      
        
           

        

        
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    (e) Each
      Lender’s obligation to make Letter of Credit Advances to reimburse the Issuing
      Lender for amounts drawn under Letters of Credit, as contemplated by this
      Section 4.1.3, shall be absolute and unconditional and shall not be affected
      by
      any circumstance, including (i) any setoff, counterclaim, recoupment, defense
      or
      other right which such Lender may have against the Issuing Lender, the Borrower
      or any other Person for any reason whatsoever; (ii) the occurrence or
      continuance of a Default, or (iii) any other occurrence, event or condition,
      whether or not similar to any of the foregoing; provided,
      however,
      that
      each Lender’s obligation to make Letter of Credit Advances pursuant to this
      Section 4.1.3 is subject to the conditions set forth in Section 12. No such
      making of a Letter of Credit Advance shall relieve or otherwise impair the
      obligation of the Borrower to reimburse the Issuing Lender for the amount of
      any
      payment made by the Issuing Lender under any Letter of Credit, together with
      interest as provided herein.

    

    (f) If
      any
      Lender fails to make available to the Administrative Agent for the account
      of
      the Issuing Lender any amount required to be paid by such Lender pursuant to
      the
      foregoing provisions of this Section 4.1.3 by the time specified in Section
      4.1.3(b), the Issuing Lender shall be entitled to recover from such Lender
      (acting through the Administrative Agent), on demand, such amount with interest
      thereon for the period from the date such payment is required to the date on
      which such payment is immediately available to the Issuing Lender at a rate
      per
      annum equal to the greater of the Federal Funds Rate and a rate determined
      by
      the Issuing Lender in accordance with banking industry rules on interbank
      compensation. A certificate of the Issuing Lender submitted to any Lender
      (through the Administrative Agent) with respect to any amounts owing under
      this
      clause (vi) shall be conclusive absent manifest error.

    

    4.1.4 Repayment
      of Participations.
      (a) At
      any time after the Issuing Lender has made a payment under any Letter of Credit
      and has received from any Lender such Lender’s Letter of Credit Advance in
      respect of such payment in accordance with Section 4.1.3, if the Administrative
      Agent receives for the account of the Issuing Lender any payment in respect
      of
      the related Unpaid Reimbursement Obligations or interest thereon (whether
      directly from the Borrower or otherwise), the Administrative Agent will
      distribute to such Lender its pro rata share thereof (appropriately adjusted,
      in
      the case of interest payments, to reflect the period of time during which such
      Lender’s Letter of Credit Advance was outstanding) in the same funds as those
      received by the Administrative Agent.

    

    (b) If
      any
      payment received by the Administrative Agent for the account of the Issuing
      Lender pursuant to Section 4.1.3(a) is required to be returned under any
      circumstances (including pursuant to any settlement entered into by the Issuing
      Lender in its discretion), each Lender shall pay to the Administrative Agent
      for
      the account of the Issuing Lender its pro rata thereof on demand of the
      Administrative Agent, plus interest thereon from the date of such demand to
      the
      date such amount is returned by such Lender, at a rate per annum equal to the
      Federal Funds Rate from time to time in effect. The obligations of the Lenders
      under this clause shall survive the payment in full of the Obligations and
      the
      termination of this Credit Agreement.

    

    4.1.5 Obligations
      Absolute.
      The
      obligation of the Borrower to reimburse the Issuing Lender for each drawing
      under each Letter of Credit and to repay each Letter of Credit Advance shall
      be
      absolute, unconditional and irrevocable, and shall be paid strictly in
      accordance with the terms of this Credit Agreement under all circumstances,
      including the following:

    

    

    
      
        
           

        

        
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    (a) any
      lack
      of validity or enforceability of such Letter of Credit, this Credit Agreement,
      or any other Loan Document;

    

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

    

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

    

    (d) any
      payment by the Issuing Lender under such Letter of Credit against presentation
      of a draft or certificate that does not strictly comply with the terms of such
      Letter of Credit (so long as such draft or certificate complies in all material
      respects with the terms of such Letter of Credit); or any payment made by the
      Issuing Lender under such Letter of Credit to any Person purporting to be a
      trustee in bankruptcy, debtor-in-possession, assignee for the benefit of
      creditors, liquidator, receiver or other representative of or successor to
      any
      beneficiary or any transferee of such Letter of Credit, including any arising
      in
      connection with any proceeding under any Debtor Relief Law.

    

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

    

    4.1.6 Role
      of Issuing Lender.
      Each
      Lender and the Borrower agree that, in paying any drawing under a Letter of
      Credit, the Issuing Lender shall not have any responsibility to obtain any
      document (other than any sight draft, certificates and documents expressly
      required by the Letter of Credit) or to ascertain or inquire as to the validity
      or accuracy of any such document or the authority of the Person executing or
      delivering any such document. None of the Issuing Lender, the Administrative
      Agent, any of their respective Related Parties nor any correspondent,
      participant or assignee of the Issuing Lender shall be liable to any Lender
      for
      (a) any action taken or omitted in connection herewith at the request or with
      the approval of the Lenders or the Required Lenders, as applicable; (b) any
      action taken or omitted in the absence of gross negligence or willful
      misconduct; or (c) the due execution, effectiveness, validity or enforceability
      of any document or instrument related to any Letter of Credit or Issuer
      Document. The Borrower hereby assumes all risks of the acts or omissions of
      any
      beneficiary or transferee with respect to its use of any Letter of Credit;
      provided,
      however,
      that
      this assumption is not intended to, and shall not, preclude the Borrower from
      pursuing such rights and remedies as it may have against the beneficiary or
      transferee at law or under any other agreement. None of the Issuing Lender,
      the
      Administrative Agent, any of their respective Related Parties nor any
      correspondent, participant or assignee of the Issuing Lender shall be liable
      or
      responsible for any of the matters described in clauses (a) through (e) of
      Section 4.1.5; provided,
      however,
      that
      anything in such clauses to the contrary notwithstanding, the Borrower may
      have
      a claim against the Issuing Lender, and the Issuing Lender may be liable to
      the
      Borrower, to the extent, but only to the extent, of any direct, as opposed
      to
      consequential or exemplary, damages suffered by the Borrower which the Borrower
      proves were caused by the Issuing Lender’s willful misconduct or gross
      negligence or the Issuing Lender’s willful failure to pay under any Letter of
      Credit after the presentation to it by the beneficiary of a sight draft and
      certificate(s) strictly complying with the terms and conditions of a Letter
      of
      Credit. In furtherance and not in limitation of the foregoing, the Issuing
      Lender may accept documents that appear on their face to be in order, without
      responsibility for further investigation, regardless of any notice or
      information to the contrary, and the Issuing Lender shall not be responsible
      for
      the validity or sufficiency of any instrument transferring or assigning or
      purporting to transfer or assign a Letter of Credit or the rights or benefits
      thereunder or proceeds thereof, in whole or in part, which may prove to be
      invalid or ineffective for any reason.

    

    

    
      
        
           

        

        
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    4.1.7 Cash
      Collateral.
      

    

    (a) Upon
      the
      reduction (but not termination) of the Total Commitment to an amount less than
      the Maximum Drawing Amount, the Administrative Agent may require, and at the
      direction of the Required Lenders shall require, that the Borrower shall
      immediately cash collateralize an amount equal to 100% of such difference,
      to be
      held by the Issuing Lender as cash collateral for any drawing under the Letters
      of Credit then outstanding.

    

    (b) Upon
      the
      termination of the Total Commitment or the acceleration of the Reimbursement
      Obligations with respect to all Letters of Credit in accordance with Section
      13,
      the Administrative Agent may require, and at the direction of the Required
      Lenders shall require, that the Borrower shall immediately cash collateralize
      an
      amount equal to 100% of the aggregate Maximum Drawing Amount of all such Letters
      of Credit, to be held by the Issuing Lender as cash collateral for any drawing
      under any such Letter of Credit; provided,
      that
      upon acceleration of the Reimbursement Obligations with respect to all Letters
      of Credit pursuant to Sections 13(h) or (i), the Borrower’s obligations to
      immediately cash collateralize an amount equal to 100% of the aggregate Maximum
      Drawing Amount of all such Letters of Credit as aforesaid shall automatically
      become effective without further act by the Administrative Agent or any
      Lender.

    

    For
      purposes of this Section 4.1.7 herein,
      “cash
      collateralize”
means
      to pledge and deposit with or deliver to the Administrative Agent, for the
      benefit of the Issuing Lender and the Lenders, as collateral for the Maximum
      Drawing Amount of the Letters of Credit then outstanding (or, in the case of
      clause (a) above, the difference between the Total Commitment and the Maximum
      Drawing Amount of the Letters of Credit then outstanding), cash or deposit
      account balances pursuant to documentation in form and substance satisfactory
      to
      the Administrative Agent and the Issuing Lender (which documents are hereby
      consented to by the Lenders). The Borrower hereby grants to the Administrative
      Agent, for the benefit of the Issuing Lender and the Lenders, a security
      interest in all such cash, deposit accounts and all balances therein and all
      proceeds of the foregoing. Cash collateral shall be maintained in blocked,
      interest bearing deposit accounts at Bank of America.

    

    4.1.8 Applicability
      ISP and UCP.
      Unless
      otherwise expressly agreed by the Issuing Lender and the Borrower when a Letter
      of Credit is issued (a) the rules of the ISP shall apply to each standby Letter
      of Credit, and (b) the rules of the Uniform Customs and Practice for Documentary
      Credits, as most recently published by the International Chamber of Commerce
      at
      the time of issuance shall apply to each commercial Letter of
      Credit.

    

    

    
      
        
           

        

        
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    4.2 Letter
      of Credit Fees.
      The
      Borrower shall pay a fee (in each case, a “Letter
      of Credit Fee”)
      to the
      Administrative Agent (a) quarterly in arrears on the first day of each fiscal
      quarter of the Borrower for the immediately preceding fiscal quarter of the
      Borrower, in respect of each standby Letter of Credit, an amount equal to the
      Applicable Margin per annum with respect to Standby Letter of Credit Fees
multiplied
      by
      the
      result of (i) the average daily face amount of such standby Letter of Credit
      during such period, multiplied by
      the
      number of days such standby Letter of Credit is outstanding and divided by
      (ii)
      three hundred and sixty (360) (a “Standby
      Letter of Credit Fee”),
      and
      (b) quarterly in arrears on the first day of each fiscal quarter of the Borrower
      for the immediately preceding fiscal quarter of the Borrower, in respect of
      each
      documentary Letter of Credit, an amount equal to the Applicable Margin per
      annum
      with respect to documentary Letter of Credit Fees multiplied
      by
      the
      result of (i) the average daily face amount of such documentary Letter of Credit
      during such period, multiplied by
      the
      number of days such documentary Letter of Credit is outstanding, divided by
      (B)
      three hundred and sixty (360) (a “Documentary
      Letter of Credit Fee”),
      in
      each case which Letter of Credit Fee shall be for the accounts of the Lenders
      in
      accordance with their respective Commitment Percentages. In respect of each
      Letter of Credit, the Borrower shall also pay to the Issuing Lender for the
      Issuing Lender's own account, at such other time or times as such charges are
      customarily made by the Issuing Lender, the Issuing Lender's customary fronting,
      issuance, amendment, negotiation or document examination and other
      administrative fees as in effect from time to time.

    

    4.3 Conflict
      with Issuer Documents.
      In the
      event of any conflict between the terms hereof and the terms of any Issuer
      Document, the terms hereof shall control.

    

    5. CERTAIN
      GENERAL PROVISIONS.

    

    5.1 Arrangement
      Fee.
      The
      Borrower agrees to pay to the Arranger for its own account, on the Closing
      Date
      an arrangement fee (the “Arrangement Fee”) as set forth in the Fee
      Letter.

    

    5.2 Administrative
      Agent's Fee.
      The
      Borrower agrees to pay to the Administrative Agent for its own account, on
      the
      Closing Date and on each anniversary thereof, an administrative agent’s fee (the
“Administrative Agent's Fee) as set forth in the Fee Letter.

    

    5.3 Funds
      for Payments.

    

    5.3.1 Payments
      to Administrative Agent.
      All
      payments of principal, interest, Reimbursement Obligations, Fees and any other
      amounts due hereunder or under any of the other Loan Documents shall be made
      on
      the due date thereof to the Administrative Agent in Dollars, for the respective
      accounts of the Lenders and the Administrative Agent, at the Administrative
      Agent's Office or at such other place that the Administrative Agent may from
      time to time designate, in each case at or about 3:00 p.m. (New York time or
      other local time at the place of payment) and in immediately available
      funds.

    

    5.3.2 No
      Offset, etc.
      All
      payments by the Borrower hereunder and under any of the other Loan Documents
      shall be made without recoupment, setoff or counterclaim and free and clear
      of
      and without deduction for any taxes, levies, imposts, duties, charges, fees,
      deductions, withholdings, compulsory loans, restrictions or conditions of any
      nature now or hereafter imposed or levied by any jurisdiction or any political
      subdivision thereof or taxing or other authority therein unless the Borrower
      is
      compelled by law to make such deduction or withholding. If any such obligation
      is imposed upon the Borrower with respect to any amount payable by it hereunder
      or under any of the other Loan Documents, the Borrower will pay to the
      Administrative Agent, for the account of the Lenders or (as the case may be)
      the
      Administrative Agent, on the date on which such amount is due and payable
      hereunder or under such other Loan Document, such additional amount in Dollars
      as shall be necessary to enable the Lenders or the Administrative Agent to
      receive the same net amount which the Lenders or the Administrative Agent would
      have received on such due date had no such obligation been imposed upon the
      Borrower. The Borrower will deliver promptly to the Administrative Agent
      certificates or other valid vouchers for all taxes or other charges deducted
      from or paid with respect to payments made by the Borrower hereunder or under
      such other Loan Document.

    

    

    
      
        
           

        

        
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    5.4 Computations.
      All
      computations of interest on (a) the Loans (other than Eurodollar Rate Loans)
      and
      of Fees shall, unless otherwise expressly provided herein, be based on a
      365/366-day year and (b) Eurodollar Rate Loans shall be based on a 360-day
      year
      and, in each case, paid for the actual number of days elapsed. Except as
      otherwise provided in the definition of the term “Interest Period” with respect
      to Eurodollar Rate Loans, whenever a payment hereunder or under any of the
      other
      Loan Documents becomes due on a day that is not a Business Day, the due date
      for
      such payment shall be extended to the next succeeding Business Day, and interest
      and Fees shall accrue during such extension. The outstanding amount of the
      Loans
      as reflected on the Revolving Credit Note Records from time to time shall be
      considered correct and binding on the Borrower unless within five (5) Business
      Days after receipt of any notice by the Administrative Agent or any of the
      Lenders of such outstanding amount, the Administrative Agent or such Lender
      shall notify the Borrower to the contrary.

    

    5.5 Inability
      to Determine Eurodollar Rate.
      In the
      event, prior to the commencement of any Interest Period relating to any
      Eurodollar Rate Loan, the Administrative Agent shall determine or be notified
      by
      the Required Lenders that
      adequate and reasonable methods do not exist for ascertaining the Eurodollar
      Rate that would otherwise determine the rate of interest to be applicable to
      any
      Eurodollar Rate Loan during any Interest Period, the Administrative Agent shall
      forthwith give notice of such determination (which shall be conclusive and
      binding on the Borrower and the Lenders) to the Borrower and the Lenders. In
      such event (a) any Loan Request or Conversion Request with respect to Eurodollar
      Rate Loans shall be automatically withdrawn and shall be deemed a request for
      Base Rate Loans, (b) each Eurodollar Rate Loan will automatically, on the last
      day of the then current Interest Period relating thereto, become a Base Rate
      Loan, and (c) the obligations of the Lenders to make Eurodollar Rate Loans
      shall
      be suspended until the Administrative Agent or the Required Lenders determine that
      the
      circumstances giving rise to such suspension no longer exist, whereupon the
      Administrative Agent or, as the case may be, the Administrative Agent upon
      the
      instruction of the Required Lenders, shall
      so
      notify the Borrower and the Lenders.

    

    5.6 Illegality.
      Notwithstanding any other provisions herein, if any present or future law,
      regulation, treaty or directive or in the interpretation or application thereof
      shall make it unlawful for any Lender to make or maintain Eurodollar Rate Loans,
      such Lender shall forthwith give notice of such circumstances to the Borrower
      and the other Lenders and thereupon (a) the commitment of such Lender to make
      Eurodollar Rate Loans or convert Base Rate Loans to Eurodollar Rate Loans shall
      forthwith be suspended and (b) such Lender's Revolving Credit Loans then
      outstanding as Eurodollar Rate Loans, if any, shall be converted automatically
      to Base Rate Loans on the last day of each Interest Period applicable to such
      Eurodollar Rate Loans or within such earlier period as may be required by law.
      The Borrower hereby agrees promptly to pay the Administrative Agent for the
      account of such Lender, upon demand by such Lender, any additional amounts
      necessary to compensate such Lender for any costs incurred by such Lender in
      making any conversion in accordance with this Section 5.6, including any
      interest or fees payable by such Lender to lenders of funds obtained by it
      in
      order to make or maintain its Eurodollar Rate Loans hereunder.

    

    

    
      
        
           

        

        
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    5.7 Additional
      Costs, etc.
      If any
      present or future applicable law, which expression, as used herein, includes
      statutes, rules and regulations thereunder and interpretations thereof by any
      competent court or by any governmental or other regulatory body or official
      charged with the administration or the interpretation thereof and requests,
      directives, instructions and notices at any time or from time to time hereafter
      made upon or otherwise issued to any Lender or the Administrative Agent by
      any
      central bank or other fiscal, monetary or other authority (whether or not having
      the force of law), shall:

    

    (a) subject
      any Lender or the Administrative Agent to any tax, levy, impost, duty, charge,
      fee, deduction or withholding of any nature with respect to this Credit
      Agreement, the other Loan Documents, any Letters of Credit, such Lender's
      Commitment or the Loans (other than taxes based upon or measured by the income
      or profits of such Lender or the Administrative Agent), or

    

    (b) materially
      change the basis of taxation (except for changes in taxes on income or profits)
      of payments to any Lender of the principal of or the interest on any Loans
      or
      any other amounts payable to any Lender or the Administrative Agent under this
      Credit Agreement or any of the other Loan Documents, or

    

    (c) impose
      or
      increase or render applicable (other than to the extent specifically provided
      for elsewhere in this Credit Agreement) any special deposit, reserve,
      assessment, liquidity, capital adequacy or other similar requirements (whether
      or not having the force of law) against assets held by, or deposits in or for
      the account of, or loans by, or letters of credit issued by, or commitments
      of
      an office of any Lender, or

    

    (d) impose
      on
      any Lender or the Administrative Agent any other conditions or requirements
      with
      respect to this Credit Agreement, the other Loan Documents, any Letters of
      Credit, the Loans, such Lender's Commitment, or any class of loans, letters
      of
      credit or commitments of which any of the Loans or such Lender's Commitment
      forms a part, and the result of any of the foregoing is

    

    (i) to
      increase the cost to any Lender of making, funding, issuing, renewing, extending
      or maintaining any of the Loans or such Lender's Commitment or any Letter of
      Credit, or

    

    (ii) to
      reduce
      the amount of principal, interest, Reimbursement Obligation or other amount
      payable to such Lender or the Administrative Agent hereunder on account of
      such
      Lender's Commitment, any Letter of Credit or any of the Loans, or

    

    (iii) to
      require such Lender or the Administrative Agent to make any payment or to forego
      any interest or Reimbursement Obligation or other sum payable hereunder, the
      amount of which payment or foregone interest or Reimbursement Obligation or
      other sum is calculated by reference to the gross amount of any sum receivable
      or deemed received by such Lender or the Administrative Agent from the Borrower
      hereunder,

    

    

    
      
        
           

        

        
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    then,
      and
      in each such case, the Borrower will, upon demand made by such Lender or (as
      the
      case may be) the Administrative Agent at any time and from time to time and
      as
      often as the occasion therefor may arise, pay to such Lender or the
      Administrative Agent such additional amounts as will be sufficient to compensate
      such Lender or the Administrative Agent for such additional cost, reduction,
      payment or foregone interest or Reimbursement Obligation or other
      sum.

    

    5.8 Capital
      Adequacy.
      If
      after the date hereof any Lender or the Administrative Agent determines that
      (a)
      the adoption of or change in any law, governmental rule, regulation, policy,
      guideline or directive (whether or not having the force of law) regarding
      capital requirements for Lenders or Lender holding companies or any change
      in
      the interpretation or application thereof by a Governmental Authority with
      appropriate jurisdiction, or (b) compliance by such Lender or the Administrative
      Agent or any corporation controlling such Lender or the Administrative Agent
      with any law, governmental rule, regulation, policy, guideline or directive
      (whether or not having the force of law) of any such entity regarding capital
      adequacy, has the effect of reducing the return on such Lender's or the
      Administrative Agent's commitment with respect to any Loans to a level below
      that which such Lender or the Administrative Agent could have achieved but
      for
      such adoption, change or compliance (taking into consideration such Lender's
      or
      the Administrative Agent's then existing policies with respect to capital
      adequacy and assuming full utilization of such entity's capital) by any amount
      deemed by such Lender or (as the case may be) the Administrative Agent to be
      material, then such Lender or the Administrative Agent may notify the Borrower
      of such fact. To the extent that the amount of such reduction in the return
      on
      capital is not reflected in the Base Rate, the Borrower agrees to pay such
      Lender or (as the case may be) the Administrative Agent for the amount of such
      reduction in the return on capital as and when such reduction is determined
      upon
      presentation by such Lender or (as the case may be) the Administrative Agent
      of
      a certificate in accordance with Section 5.9 hereof. Each Lender shall allocate
      such cost increases among its customers in good faith and on an equitable
      basis.

    

    5.9 Certificate.
      A
      certificate setting forth any additional amounts payable pursuant to Sections
      5.7 or 5.8 and a brief explanation of such amounts which are due, submitted
      by
      any Lender or the Administrative Agent to the Borrower, shall be conclusive,
      absent manifest error, that such amounts are due and owing.

    

    5.10 Indemnity.
      The
      Borrower agrees to indemnify each Lender and to hold each Lender harmless from
      and against any loss, cost or expense actually incurred (excluding loss of
      anticipated profits) that such Lender may sustain or incur as a consequence
      of
      (a) default by the Borrower in payment of the principal amount of or any
      interest on any Eurodollar Rate Loans or Fixed Rate Loans as and when due and
      payable, including any such loss or expense arising from interest or fees
      payable by such Lender to banks of funds obtained by it in order to maintain
      its
      Eurodollar Rate Loans or Fixed Rate Loans, (b) default by the Borrower in making
      a borrowing or conversion after the Borrower has given (or is deemed to have
      given) a Loan Request or a Conversion Request relating thereto in accordance
      with Section 2.6 or Section 2.7, or (c) the making of any payment of a
      Eurodollar Rate Loan or a Fixed Rate Loan or the making of any conversion of
      any
      such Loan which is not a Swing Line Loan or any such Fixed Rate Loan to a Base
      Rate Loan on a day that is not the last day of the applicable Interest Period
      with respect thereto, including interest or fees payable by such Lender to
      lenders of funds obtained by it in order to maintain any such
      Loans.

    

    5.11 Interest
      After Default.

    

    

    
      
        
           

        

        
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    5.11.1 Overdue
      Amounts.
      Overdue
      principal and (to the extent permitted by applicable law) interest on the Loans
      and all other overdue amounts payable hereunder (including Unpaid Reimbursement
      Obligations) or under any of the other Loan Documents shall bear interest (or
      fees in the case of Unpaid Reimbursement Obligations) compounded monthly and
      payable on demand at a rate per annum equal to two percent (2.00%) above the
      rate of interest or Letter of Credit Fee (including the Applicable Margin)
      then
      applicable thereto (or, if no rate of interest is then applicable thereto,
      the
      Base Rate) until such amount shall be paid in full (after as well as before
      judgment).

    

    5.11.2 Amounts
      Not Overdue.
      During
      the continuance of a Default or an Event of Default, until such Default or
      Event
      of Default has been cured or remedied or such Default or Event of Default has
      been waived by the Lenders or the Required Lenders pursuant to Section 16.12,
      (a) the principal of the Revolving Credit Loans not overdue shall, bear interest
      at a rate per annum equal to two percent (2.00%) above the rate of interest
      otherwise applicable, and (b) the Applicable Margin applicable to Letter of
      Credit Fees shall be equal to two percent (2.00%) above the Letter of Credit
      Fee
      otherwise applicable.

    

    6. GUARANTIES.

    

    6.1 Guaranties
      of Significant Subsidiaries.
      The
      Obligations shall also be guaranteed by the Significant Subsidiaries pursuant
      to
      the terms of the Guaranties.

    

    7. REPRESENTATIONS
      AND WARRANTIES.

    

    The
      Borrower represents and warrants to the Lenders and the Administrative Agent
      as
      follows:

    

    7.1 Corporate
      Authority.

    

    7.1.1 Incorporation;
      Good Standing.
      Each of
      the Borrower and its Subsidiaries (a) is a corporation (or similar business
      entity) duly organized, validly existing and in good standing under the laws
      of
      its jurisdiction of incorporation or formation except, solely with respect
      to
      Subsidiaries of the Borrower which are not Significant Subsidiaries, where
      a
      failure to be so organized, existing or formed would not have a Material Adverse
      Effect, (b) has all requisite corporate (or the equivalent entity) power to
      own
      its property and conduct its business as now conducted and as presently
      contemplated except, solely with respect to Subsidiaries of the Borrower which
      are not Significant Subsidiaries, where such a failure would not have a Material
      Adverse Effect, and (c) is in good standing as a foreign corporation (or similar
      business entity) and is duly authorized to do business in each jurisdiction
      where such qualification is necessary except, solely with respect to
      Subsidiaries of the Borrower which are not Significant Subsidiaries, where
      a
      failure to be so qualified would not have a Material Adverse
      Effect.

    

    7.1.2 Authorization.
      The
      execution, delivery and performance of this Credit Agreement and the other
      Loan
      Documents to which the Borrower or any of its Significant Subsidiaries is or
      is
      to become a party and the transactions contemplated hereby and thereby (a)
      are
      within the corporate (or the equivalent entity) authority of such Person, (b)
      have been duly authorized by all necessary corporate (or the equivalent entity)
      proceedings, (c) do not and will not conflict with or result in any breach
      or
      contravention of any provision of law, statute, rule or regulation to which
      the
      Borrower or any of its Significant Subsidiaries is subject or any judgment,
      order, writ, injunction, license or permit applicable to the Borrower or any
      of
      its Significant Subsidiaries and (d) do not conflict with any provision of
      the
      Governing Documents of, or any agreement or other instrument binding upon,
      the
      Borrower or any of its Significant Subsidiaries.

    

    

    
      
        
           

        

        
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    7.1.3 Enforceability.
      The
      execution and delivery of this Credit Agreement and the other Loan Documents
      to
      which the Borrower or any of its Significant Subsidiaries is or is to become
      a
      party will result in valid and legally binding obligations of such Person
      enforceable against it in accordance with the respective terms and provisions
      hereof and thereof, except as enforceability is limited by bankruptcy,
      insolvency, reorganization, moratorium or other laws relating to or affecting
      generally the enforcement of creditors' rights and except to the extent that
      availability of the remedy of specific performance or injunctive relief is
      subject to the discretion of the court before which any proceeding therefor
      may
      be brought.

    

    7.2 Governmental
      Approvals.
      The
      execution, delivery and performance by the Borrower and any of its Significant
      Subsidiaries of this Credit Agreement and the other Loan Documents to which
      the
      Borrower or any of its Significant Subsidiaries is or is to become a party
      and
      the transactions contemplated hereby and thereby do not require the approval
      or
      consent of, or filing with, any governmental agency or authority other than
      those already obtained.

    

    7.3 Title
      to Properties.
      Except
      as indicated on Schedule 7.3
      hereto,
      the Borrower and its Subsidiaries own all of the assets reflected in the
      consolidated and combined balance sheet of the Borrower and its Subsidiaries
      as
      at the Balance Sheet Date or acquired since that date (except property and
      assets sold or otherwise disposed of in the ordinary course of business since
      that date and Real Estate leased by the Borrower or its Subsidiaries), subject
      to no Liens or other rights of others, except Permitted Liens.

    

    7.4 Financial
      Statements.

    

    7.4.1 Fiscal
      Year.
      The
      Borrower and each of its Subsidiaries has a fiscal or financial year which
      is
      the twelve months ending on or about June 30 of each calendar year.

    

    7.4.2 Financial
      Statements.
      There
      has been furnished to each of the Lenders an audited consolidated and combined
      balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet
      Date,
      an audited consolidated and combined statement of income of the Borrower and
      its
      Subsidiaries for the fiscal year then ended, and an audited consolidated and
      combined cash flow statement for the fiscal year then ended. Such balance sheet
      and statements of income have been prepared in accordance with GAAP and fairly
      present the financial condition of the Borrower as at the close of business
      on
      the date thereof and the results of operations for the fiscal year then ended.
      There are no contingent liabilities of the Borrower or any of its Subsidiaries
      as of such date involving material amounts, known to the officers of the
      Borrower, which were not disclosed in such balance sheet and the notes related
      thereto.

    

    7.5 No
      Material Adverse Changes, etc.
      Since
      the Balance Sheet Date there has been no event or occurrence which has had
      a
      Material Adverse Effect. Since the Balance Sheet Date, the Borrower has not
      made
      any Restricted Payment other than those permitted under Section
      9.4.

    

    

    
      
        
           

        

        
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    7.6 Franchises,
      Patents, Copyrights, etc.
      The
      Borrower and each of its Subsidiaries possesses all franchises, patents,
      copyrights, trademarks, trade names, licenses and permits, and rights in respect
      of the foregoing, adequate for the conduct of its business substantially as
      now
      conducted without known conflict with any rights of others, except any
      franchises, patents, copyrights, trademarks, trade names, licenses and permits,
      and rights in respect of the foregoing, where the lack of such would not result
      in a Material Adverse Effect.

    

    7.7 Litigation.
      Except
      as set forth in Schedule 7.7
      hereto,
      there are no actions, suits, proceedings or investigations of any kind pending
      or, to the best knowledge of the Borrower and its Subsidiaries, threatened
      against the Borrower or any of its Subsidiaries before any Governmental
      Authority, that, (a) if adversely determined, might, either in any case or
      in
      the aggregate, (i) have a Material Adverse Effect or (ii) materially impair
      the
      right of the Borrower and its Subsidiaries, considered as a whole, to carry
      on
      business substantially as now conducted by them, or (b) which question the
      validity of this Credit Agreement or any of the other Loan Documents, or any
      action taken or to be taken pursuant hereto or thereto.

    

    7.8 No
      Materially Adverse Contracts, etc.
      Neither
      the Borrower nor any of its Subsidiaries (a) is in violation of any provision
      of, or subject to, any Governing Document, or any applicable judgment, decree,
      order, law, statute, license, rule or regulation in a manner that has or is
      expected in the future to have a Material Adverse Effect, or (b) is a party
      to
      any contract or agreement that has or is expected, in the judgment of the
      Borrower's officers, to have any Material Adverse Effect, or is in violation
      of
      any provision of any agreement or instrument to which it may be subject or
      by
      which it or any of its properties may be bound, in any of the foregoing cases
      in
      a manner that could have a Material Adverse Effect.

    

    7.9 Tax
      Status.
      To the
      extent required, the Borrower and its Subsidiaries (a) have made or filed all
      federal, state and foreign income and all other tax returns, reports and
      declarations required by any jurisdiction to which any of them is subject,
      (b)
      have paid all taxes and other governmental assessments and charges shown or
      determined to be due on such returns, reports and declarations, except those
      being contested in good faith and by appropriate proceedings and (c) have,
      in
      the reasonable opinion of management, set
      aside
      on their books adequate reserves in accordance with GAAP for
      the
      payment of all taxes for periods subsequent to the periods to which such
      returns, reports or declarations apply. There are no unpaid taxes in any
      material amount claimed to be due by the taxing authority of any jurisdiction,
      and none of the officers of the Borrower know of any basis for any such
      claim.

    

    7.10 No
      Event of Default.
      No
      Default or Event of Default has occurred and is continuing.

    

    7.11 Holding
      Company and Investment Company Acts.
      Neither
      the Borrower nor any of its Subsidiaries is a “public utility”, as that term is
      defined under the Federal Power Act, as amended, and the regulations of the
      Federal Energy Regulatory Commission (“FERC”)
      promulgated thereunder. Neither the Borrower nor any of its Subsidiaries (i)
      is
      subject to any of the accounting or cost-allocation requirements of the Public
      Utility Holding Company Act of 2005, or the regulations or orders of the FERC
      promulgated thereunder or (ii) is or is required to be registered as an
“investment company” under the Investment Company Act of 1940.

    

    7.12 Absence
      of Financing Statements, etc.
      Except
      with respect to Permitted Liens, there is no financing statement, security
      agreement, chattel mortgage, real estate mortgage or other document filed or
      recorded with any filing records, registry or other public office, that purports
      to cover, affect or give notice of any present or possible future Lien on any
      assets or property of the Borrower or any of its Subsidiaries or any rights
      relating thereto.

    

    

    
      
        
           

        

        
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    7.13 Certain
      Transactions.
      To the
      best knowledge of the Borrower and its Subsidiaries, none of the officers,
      directors, or employees of the Borrower or any of its Subsidiaries is presently
      a party to any transaction with the Borrower or any of its Subsidiaries (other
      than for services as employees, officers and directors), including any contract,
      agreement or other arrangement providing for the furnishing of services to
      or
      by, providing for rental of real or personal property to or from, or otherwise
      requiring payments to or from any officer, director or such employee or, to
      the
      knowledge of the Borrower, any corporation, partnership, trust or other entity
      in which any officer, director, or any such employee has a substantial interest
      or is an officer, director, trustee or partner.

    

    7.14 Employee
      Benefit Plans.

    

    7.14.1 In
      General.
      Each
      Employee Benefit Plan and each Guaranteed Pension Plan has been maintained
      and
      operated in compliance in all material respects with the provisions of ERISA
      and
      all Applicable Pension Legislation and, to the extent applicable, the Code,
      including but not limited to the provisions thereunder respecting prohibited
      transactions and the bonding of fiduciaries and other persons handling plan
      funds as required by Section 412 of ERISA, unless noncompliance could not,
      individually or in the aggregate, reasonably be expected to result in a Material
      Adverse Effect.

    

    7.14.2 Terminability
      of Welfare Plans.
      No
      Employee Benefit Plan, which is an employee welfare benefit plan within the
      meaning of Section 3(1) or Section 3(2)(B) of ERISA, provides benefit coverage
      subsequent to termination of employment, except as required by Title I, Part
      6
      of ERISA or the applicable state insurance laws. The Borrower may terminate,
      to
      the extent sponsored by it, each such Plan at any time (or at any time
      subsequent to the expiration of any applicable bargaining agreement) in the
      discretion of the Borrower without liability to any Person other than for claims
      arising prior to termination.

    

    7.14.3 Guaranteed
      Pension Plans.
      Except
      as could not, individually or in the aggregate, reasonably be expected to result
      in a Material Adverse Effect, (a) each contribution required to be made to
      a
      Guaranteed Pension Plan, whether required to be made to avoid the incurrence
      of
      an accumulated funding deficiency, the notice or lien provisions of Section
      302(f) of ERISA, or otherwise, has been timely made; and (b) no waiver of an
      accumulated funding deficiency or extension of amortization periods has been
      received with respect to any Guaranteed Pension Plan, and neither the Borrower
      nor any ERISA Affiliate is obligated to or has posted security in connection
      with an amendment to a Guaranteed Pension Plan pursuant to Section 307 of ERISA
      or Section 401(a)(29) of the Code. Based on the latest valuation of each
      Guaranteed Pension Plan (which in each case occurred within twelve months of
      the
      date of this representation), and on the actuarial methods and assumptions
      employed for that valuation, the aggregate benefit liabilities of all such
      Guaranteed Pension Plans within the meaning of Section 4001 of ERISA did not
      exceed the aggregate value of the assets of all such Guaranteed Pension Plans,
      disregarding for this purpose the benefit liabilities and assets of any
      Guaranteed Pension Plan with assets in excess of benefit liabilities, except
      as
      could not, individually or in the aggregate, reasonably be expected to result
      in
      a Material Adverse Effect.

    

    

    
      
        
           

        

        
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    7.14.4 Multiemployer
      Plans.
      Except
      as could not, individually or in the aggregate, reasonably be expected to result
      in a Material Adverse Effect, neither the Borrower nor any ERISA Affiliate
      has
      incurred any liability (including secondary liability) to any Multiemployer
      Plan
      as a result of a complete or partial withdrawal from such Multiemployer Plan
      under Section 4201 of ERISA or as a result of a sale of assets described in
      Section 4204 of ERISA. After due inquiry, the Borrower is not aware that any
      Multiemployer Plan is in reorganization or insolvent under and within the
      meaning of Section 4241 or Section 4245 of ERISA or is at risk of entering
      reorganization or becoming insolvent, or that any Multiemployer Plan intends
      to
      terminate or has been terminated under Section 4041A of ERISA.

    

    7.15 Use
      of Proceeds.

    

    7.15.1 General.
      The
      proceeds of the Loans shall be used for working capital, stock repurchases
      and
      dividends permitted by Section 9.4 and general corporate purposes. The Borrower
      will obtain Letters of Credit solely for general corporate
      purposes.

    

    7.15.2 Regulations
      U and X.
      No
      portion of any Loan is to be used, and no portion of any Letter of Credit is
      to
      be obtained, for the purpose of purchasing or carrying any “margin security” or
“margin stock” as such terms are used in Regulations U and X of the Board of
      Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and
      224.

    

    7.15.3 Ineligible
      Securities.
      No
      portion of the proceeds of any Loans is to be used, and no portion of any Letter
      of Credit is to be obtained, for the purpose of knowingly purchasing, or
      providing credit support for the purchase of, during the underwriting or
      placement period or within thirty (30) days thereafter, any Ineligible
      Securities underwritten or privately placed by a Financial
      Affiliate.

    

    7.16 Environmental
      Compliance.

    

    (a) None
      of
      the Borrower, its Subsidiaries or, to the best knowledge of the Borrower or
      any
      of its Subsidiaries, any operator of the Real Estate or any operations thereon
      is in violation, or has notice of an alleged violation, of any judgment, decree,
      order, law, license, rule or regulation pertaining to environmental matters,
      including without limitation, those arising under Environmental Laws, which
      violation would have a Material Adverse Effect;

    

    (b) neither
      the Borrower nor any of its Subsidiaries has received written notice from any
      Governmental Authority, or, to the best of the Borrower's and any of its
      Subsidiaries' knowledge, any other third party, (i) that any one of them has
      been identified by the United States Environmental Protection Agency
      (“EPA”)
      as a
      potentially responsible party under CERCLA with respect to a site listed on
      the
      National Priorities List, 40 C.F.R. Part 300 Appendix B; (ii) that any Hazardous
      Substances which any one of them has generated, transported or disposed of
      has
      been found at any site at which a Governmental Authority has conducted or has
      ordered that any Borrower or any of its Subsidiaries conduct a remedial
      investigation, removal or other response action pursuant to any Environmental
      Law; or (iii) that it is or shall be a named party to any claim, action, cause
      of action, complaint, or legal or administrative proceeding (in each case,
      contingent or otherwise), the result of which could have a Material Adverse
      Effect, arising out of any third party's incurrence of costs, expenses, losses
      or damages of any kind whatsoever in connection with the release of Hazardous
      Substances;

    

    

    
      
        
           

        

        
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    (c) except
      as
      set forth on Schedule 7.16
      attached
      hereto, to the best of the Borrower's knowledge: (i) no underground tank or
      other underground storage receptacle for Hazardous Substances is located on
      any
      portion of the Real Estate in violation of applicable Environmental Laws; (ii)
      in the course of any activities conducted by the Borrower, its Subsidiaries
      or
      operators of its properties, no Hazardous Substances have been generated or
      are
      being used on the Real Estate except in accordance with applicable Environmental
      Laws; (iii) there have been no releases (i.e. any past or present releasing,
      spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting,
      escaping, disposing or dumping) or threatened releases of Hazardous Substances
      on, upon, into or from the properties of the Borrower or its Subsidiaries,
      which
      releases would have a Material Adverse Effect; and (iv) any Hazardous Substances
      that have been generated on any of the Real Estate have been transported offsite
      only by carriers having an identification number issued by the EPA (or the
      equivalent thereof in any foreign jurisdiction), treated or disposed of only
      by
      treatment or disposal facilities maintaining valid permits as required under
      applicable Environmental Laws, which transporters and facilities have been
      and
      are, to the best of the Borrower's knowledge, operating in compliance with
      such
      permits and applicable Environmental Laws; and

    

    (d) neither
      the Borrower nor any of its Subsidiaries has received written notice that it
      is
      required to conduct an environmental clean-up under any Environmental Law by
      virtue of the transactions set forth herein and contemplated
      hereby.

    

    7.17 Subsidiaries,
      etc.
      Schedule 7.17(a)
      (as
      amended and in effect from time to time pursuant to Section 8.11) sets forth
      a
      complete and accurate list of all of the Subsidiaries of the Borrower.
Schedule 7.17(b)
      (as
      amended and in effect from time to time pursuant to Section 8.11) sets forth
      a
      complete and accurate list of all of the Significant Subsidiaries of the
      Borrower.

    

    7.18 Disclosure.
      None of
      this Credit Agreement or any of the other Loan Documents contains any untrue
      statement of a material fact or omits to state a material fact (known to the
      Borrower or any of its Subsidiaries in the case of any document or information
      not furnished by it or any of its Subsidiaries) necessary in order to make
      the
      statements herein or therein not misleading. There is no fact known to the
      Borrower or any of its Subsidiaries which has a Material Adverse Effect, or
      which is reasonably likely in the future to have a Material Adverse Effect,
      exclusive of effects resulting from changes in general economic conditions,
      legal standards or regulatory conditions.

    

    7.19 Foreign
      Assets Control Regulations, Etc.
      None of
      the requesting or borrowing of the Loans, the requesting or issuance, extension
      or renewal of any Letters of Credit or the use of the proceeds of any thereof
      will violate the Trading With the Enemy Act (50 U.S.C. § 1 et seq., as amended)
      (the “Trading
      With the Enemy Act”)
      or any
      of the foreign assets control regulations of the United States Treasury
      Department (31 CFR, Subtitle B, Chapter V, as amended) (the “Foreign
      Assets Control Regulations”)
      or any
      enabling legislation or executive order relating thereto (which for the
      avoidance of doubt shall include, but shall not be limited to (a) Executive
      Order 13224 of September 21, 2001 Blocking Property and Prohibiting Transactions
      With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed.
      Reg.
      49079 (2001)) (the “Executive
      Order”)
      and
      (b) the Uniting and Strengthening America by Providing Appropriate Tools
      Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56)).
      Furthermore, neither the Borrower nor any of its Subsidiaries or other
      Affiliates (a) is or will become a “blocked person” as described in the
      Executive Order, the Trading With the Enemy Act or the Foreign Assets Control
      Regulations or (b) engages or will engage in any dealings or transactions,
      or be
      otherwise associated, with any such “blocked person”.

    

    

    
      
        
           

        

        
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    8. AFFIRMATIVE
      COVENANTS.

    

    The
      Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement
      Obligation, Letter of Credit or Note is outstanding or any Lender has any
      obligation to make any Loans or the Issuing Lender has any obligation to issue,
      extend, amend or renew any Letters of Credit:

    

    8.1 Punctual
      Payment.
      Subject
      to the grace periods set forth in Sections 13.1(b) and (c), the Borrower will
      duly and punctually pay or cause to be paid the principal and interest on the
      Loans, all Reimbursement Obligations, the Letter of Credit Fees, the commitment
      fees, the Administrative Agent's fee and all other amounts provided for in
      this
      Credit Agreement and the other Loan Documents to which the Borrower or any
      of
      its Subsidiaries is a party, all in accordance with the terms of this Credit
      Agreement and such other Loan Documents.

    

    8.2 Records
      and Accounts.
      The
      Borrower will (a) keep, and cause each of its Subsidiaries to keep, true and
      accurate records and books of account in which full, true and correct entries
      will be made in accordance with GAAP, (b) maintain adequate accounts and
      reserves for all taxes (including income taxes), depreciation, depletion,
      obsolescence and amortization of its properties and the properties of its
      Subsidiaries, contingencies, and other reserves, and (c) at all times engage
      an
      independent certified public accountant.

    

    8.3 Financial
      Statements, Certificates and Information.
      The
      Borrower will deliver to the Administrative Agent:

    

    (a) as
      soon
      as practicable, but in any event not later than ninety (90) days after the
      end
      of each fiscal year of the Borrower, the consolidated and combined balance
      sheet
      of the Borrower and its Subsidiaries as
      at the
      end of such year, and the related consolidated and combined statement of income
      and consolidated and combined statement of cash flow for such year, each setting
      forth in comparative form the figures for the previous fiscal year and all
      such
      consolidated and combined statements to be in reasonable detail, prepared in
      accordance with GAAP, and audited by an independent certified public
      accountant;

    

    (b) as
      soon
      as practicable, but in any event not later than forty-five (45) days after
      the
      end of each of the fiscal quarters of the Borrower, copies of the unaudited
      consolidated and combined balance sheet of the Borrower and its Subsidiaries
      as
      at the end of such quarter, and the related consolidated and combined statement
      of income and consolidated and combined statement of cash flow for
      the
      portion of the Borrower's fiscal year then elapsed, all in reasonable detail
      and
      prepared in accordance with GAAP, together with a certification by the chief
      financial officer or treasurer of the Borrower that the information contained
      in
      such financial statements fairly presents the financial position of the Borrower
      and its Subsidiaries on the date thereof (subject to year-end
      adjustments);

    

    (c) simultaneously
      with the delivery of the financial statements referred to in subsections (a)
      and
      (b) above, a statement certified by the chief financial officer or treasurer
      of
      the Borrower in substantially the form of Exhibit
      C
      hereto
      (a “Compliance Certificate”) and setting forth in reasonable detail computations
      evidencing compliance with the covenant contained in Section 10;

    

    (d) as
      soon
      as practicable after the filing or mailing thereof, copies of all financial
      statements, disclosure statements, reports and proxies filed with the Securities
      and Exchange Commission or sent to the stockholders of the
      Borrower;

    

    

    
      
        
           

        

        
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    (e) as
      soon
      as practicable, but in any event not later than thirty (30) days after the
      filing of the 10K of the Borrower, annual income statements, balance sheets
      and
      cash flow statements for the immediately succeeding fiscal year of the Borrower
      and its Subsidiaries delivered to the Administrative Agent; and

    

    (f) from
      time
      to time such other additional information regarding the financial position
      of
      the Borrower and its Subsidiaries as the Administrative Agent may reasonably
      request;

    

    Documents
      required to be delivered pursuant to this Section 8.3 may be delivered
      electronically and if so delivered, shall be deemed to have been delivered
      on
      the date (i) on which the Borrower posts such documents, or provides a link
      thereto on the Borrower’s website on the Internet; or (ii) on which such
      documents are posted on the Borrower’s behalf on an Internet or intranet
      website, if any, to which each Lender and the Administrative Agent have access
      (whether a commercial, third-party website or whether sponsored by the
      Administrative Agent); provided,
      that
      the Borrower shall notify the Administrative Agent (by telecopier or electronic
      mail) of the posting of any such documents. Notwithstanding anything contained
      herein, in every instance the Borrower shall be required to provide paper copies
      of the Compliance Certificate required by Section 8.3(c) to the Administrative
      Agent. Except for such Compliance Certificate, the Administrative Agent shall
      have no obligation to request the delivery or to maintain copies of the
      documents referred to above, and in any event shall have no responsibility
      to
      monitor compliance by the Borrower with any such request for delivery, and
      each
      Lender shall be solely responsible for requesting delivery from the
      Administrative Agent to it or maintaining its copies of such
      documents.

    

    The
      Borrower hereby acknowledges that (a) the Administrative Agent and/or the
      Arranger will make available to the Lenders and the Issuing Lender materials
      and/or information provided by or on behalf of the Borrower hereunder
      (collectively, “Borrower
      Materials”)
      by
      posting the Borrower Materials on IntraLinks or another similar electronic
      system (the “Platform”)
      and
      (b) certain of the Lenders may be “public-side”
      Lenders (i.e., Lenders that do not wish to receive material non-public
      information with respect to the Borrower or its securities) (each a
“Public
      Lender”).
      The Borrower hereby agrees that (i) all Borrower Materials that are to be made
      available to Public Lenders shall be clearly and conspicuously marked “PUBLIC”
which, at a minimum, shall mean that the word “PUBLIC”
      shall appear prominently on the first page thereof; (ii) by marking Borrower
      Materials “PUBLIC,”
      the Borrower shall be deemed to have authorized the Administrative Agent, the
      Arranger, the Issuing Lender and the Lenders to treat such Borrower Materials
      as
      not containing any material non-public information with respect to the Borrower
      or its securities for purposes of United States Federal and state securities
      laws (provided,
      however,
      that to the extent such Borrower Materials constitute confidential information,
      they shall be treated as set forth in Section 16.4
      hereof); (iii) all Borrower Materials marked “PUBLIC”
      are permitted to be made available through a portion of the Platform designated
      “Public
      Investor”;
      and (iv) the Administrative Agent and the Arranger shall be entitled to treat
      any Borrower Materials that are not marked “PUBLIC”
      as being suitable only for posting on a portion of the Platform not designated
      “Public
      Investor.

    

    8.4 Notices.

    

    8.4.1 Defaults.
      The
      Borrower will promptly notify the Administrative Agent and each of the Lenders
      in writing of the occurrence of any Default or Event of Default, together with
      a
      reasonably detailed description thereof, and the actions the Borrower proposes
      to take with respect thereto. If any Person shall give any notice to the
      Borrower or any of its Affiliates or, to the best knowledge of the Borrower,
      take any other action in respect of a claimed default (whether or not
      constituting an Event of Default) under this Credit Agreement or any other
      note,
      evidence of indebtedness, indenture or other obligation to which or with respect
      to which the Borrower or any of its Subsidiaries is a party or obligor, whether
      as principal, guarantor, surety or otherwise, the Borrower shall forthwith
      give
      written notice thereof to the Administrative Agent and each of the Lenders,
      describing the notice or action and the nature of the claimed
      default.

    

    

    
      
        
           

        

        
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    8.4.2 Environmental
      Events.
      The
      Borrower will promptly give notice to the Administrative Agent (a) of any
      violation of any Environmental Law that the Borrower or any of its Subsidiaries
      reports in writing (or for which any written report supplemental to any oral
      report is made) to any Governmental Authority and (b) upon receipt of notice
      thereof, of any inquiry, proceeding, investigation, or other action, including
      a
      notice from any agency or any Governmental Authority of potential environmental
      liability, that could have a Material Adverse Effect.

    

    8.4.3 Notice
      of Litigation and Judgments.
      The
      Borrower will, and will cause each of its Subsidiaries to, give notice to the
      Administrative Agent and each of the Lenders in writing promptly of becoming
      aware of any litigation or proceedings threatened in writing or any pending
      litigation and proceedings affecting the Borrower or any of its Subsidiaries
      or
      to which the Borrower or any of its Subsidiaries is or becomes a party involving
      an uninsured claim against the Borrower or any of its Subsidiaries that could
      reasonably be expected to have a Material Adverse Effect on the Borrower or
      any
      of its Subsidiaries and stating the nature and status of such litigation or
      proceedings. The Borrower will, and will cause each of its Subsidiaries to,
      give
      notice to the Administrative Agent and each of the Lenders, in writing, in
      form
      and detail reasonably satisfactory to the Administrative Agent, within ten
      (10)
      days of any judgment not covered by insurance, final or otherwise, against
      the
      Borrower or any of its Subsidiaries in an amount in excess of
      $5,000,000.

    

    8.4.4 ERISA
      Events.
      The
      Borrower will (a) promptly upon receipt or dispatch, furnish to the
      Administrative Agent any notice, report or demand sent or received in respect
      of
      a Guaranteed Pension Plan under Sections 302, 4041, 4042, 4043, 4063, 4065,
      4066
      and 4068 of ERISA, or in respect of a Multiemployer Plan, under Sections 4041A,
      4202, 4219, 4242, or 4245 of ERISA and (b) upon the request of the
      Administrative Agent, promptly furnish to the Administrative Agent a copy of
      all
      actuarial statements required to be submitted under all Applicable Pension
      Legislation.

    

    8.4.5 Notice
      of Change of Fiscal Year End.
      The
      Borrower will, and will cause each of its Subsidiaries to, give notice to the
      Administrative Agent in writing thirty (30) days prior to any change of the
      date
      of the end of its fiscal or financial year from that set forth in Section
      7.4.1.

    

    8.5 Legal
      Existence; Maintenance of Properties.
      The
      Borrower will do or cause to be done all things reasonably necessary to preserve
      and keep in full force and effect its legal existence, rights and franchises
      and
      that of its Subsidiaries. It (i) will cause all of its properties and those
      of
      its Subsidiaries used or useful in the conduct of its business or the business
      of its Subsidiaries to be maintained and kept in good condition, repair and
      working order and supplied with all necessary equipment, (ii) will cause to
      be
      made all necessary repairs, renewals, replacements, betterments and improvements
      thereof, all as in the judgment of the Borrower may be necessary so that the
      business carried on in connection therewith may be properly and advantageously
      conducted at all times, and (iii) will, and will cause each of its Subsidiaries
      to, continue to engage primarily in the businesses now conducted by them and
      in
      related businesses; provided
      that
      nothing in this Section 8.5 shall prevent the Borrower from discontinuing the
      operation and maintenance of any of its properties or any of those of its
      Subsidiaries if such discontinuance is, in the judgment of the Borrower,
      desirable in the conduct of its or their business and that do not in the
      aggregate have a Material Adverse Effect.

    

    

    
      
        
           

        

        
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    8.6 Insurance.
      The
      Borrower will, and will cause each of its Subsidiaries to, maintain with
      financially sound and reputable insurers insurance with respect to its
      properties and business against such casualties and contingencies as shall
      be in
      accordance with the general practices of businesses engaged in similar
      activities in similar geographic areas and in amounts, containing such terms,
      in
      such forms and for such periods as may be reasonable and prudent.

    

    8.7 Taxes.
      The
      Borrower will, and will cause each of its Subsidiaries to, duly pay and
      discharge, or cause to be paid and discharged, before the same shall become
      overdue, all taxes, assessments and other governmental charges imposed upon
      it
      and its Real Estate, sales and activities, or any part thereof, or upon the
      income or profits therefrom, as well as all claims for labor, materials, or
      supplies that if unpaid might by law become a Lien or charge upon any of its
      property; provided
      that any
      such tax, assessment, charge, levy or claim need not be paid if the validity
      or
      amount thereof shall currently be contested in good faith by appropriate
      proceedings and if the Borrower or such Subsidiary shall have set aside on
      its
      books adequate reserves with respect thereto; and provided
      further
      that the Borrower and each Subsidiary of the Borrower will pay all such taxes,
      assessments, charges, levies or claims forthwith upon the commencement of
      proceedings to foreclose any Lien that may have attached as security
      therefor.

    

    8.8 Inspection
      of Properties and Books, etc.

    

    8.8.1 General.
      The
      Borrower will keep, and will cause each Subsidiary to keep, proper books of
      record and account in which full, true and correct entries shall be made of
      all
      dealings and transactions in relation to its business and activities; and will
      permit, and will cause each Subsidiary to permit, representatives of the
      Administrative Agent and any Lender (prior to the occurrence or continuation
      of
      a Default or an Event of Default, at the Administrative Agent's or such Lender's
      expense, as applicable, unless otherwise agreed to by the Administrative Agent
      or such Lender, as applicable, and the Borrower, and following the occurrence
      or
      continuation of a Default or an Event of Default, at the Borrower's expense)
      to
      visit and inspect any of their respective properties, to examine and make
      abstracts from any of their respective books and records and to discuss their
      respective affairs, finances and accounts with their respective officers,
      employees and independent public accountants, all at such reasonable times,
      upon
      reasonable notice and as often as may reasonably be desired.

    

    8.8.2 Communications
      with Accountants.
      If a
      Default or Event of Default shall have occurred or be continuing, the Borrower
      authorizes the Administrative Agent and, if accompanied by the Administrative
      Agent, the Lenders to communicate directly with the Borrower's independent
      certified public accountants and authorizes such accountants to disclose to
      the
      Administrative Agent and the Lenders any and all financial statements and other
      supporting financial documents and schedules including copies of any management
      letter with respect to the business, financial condition and other affairs
      of
      the Borrower or any of its Subsidiaries.

    

    

    
      
        
           

        

        
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    8.9 Compliance
      with Laws.
      The
      Borrower will, and will cause each of its Subsidiaries to, comply with (a)
      the
      applicable laws and regulations wherever its business is conducted, including
      all Environmental Laws, (b) the provisions of its Governing Documents, (c)
      all
      agreements and instruments by which it or any of its properties may be bound
      and
      (d) all applicable decrees, orders, and judgments.

    

    8.10 Use
      of Proceeds.
      The
      Borrower will use the proceeds of the Loans and obtain Letters of Credit solely
      for the purposes set forth in Section 7.15.1.

    

    8.11 Subsidiaries.

    

    8.11.1 Additional
      Subsidiaries.
      If,
      after the Closing Date, the Borrower or any of its Subsidiaries creates or
      acquires, either directly or indirectly, any Subsidiary, (a) it will promptly
      notify the Administrative Agent of such creation or acquisition, as the case
      may
      be, and provide the Administrative Agent (for itself and the Lenders) with
      an
      updated Schedule 7.17,
      and (b)
      contemporaneously with the formation of such Subsidiary, the Borrower shall,
      or
      shall cause such Subsidiary to, take all other action required by this Section
      8.11. In the event that any Subsidiary becomes a Significant Subsidiary, the
      Borrower shall promptly notify the Administrative Agent of such Significant
      Subsidiary and provide the Administrative Agent (for itself and the Lenders)
      with an updated Schedule 7.17(b).

    

    8.11.2 New
      Guarantors.
      The
      Borrower (a) will cause each Significant Subsidiary (including any Subsidiary
      which, on or after the Closing Date, becomes a Significant Subsidiary) created,
      acquired (including any Significant Subsidiary acquired pursuant to Section
      9.5.1 hereof) or otherwise existing, on or after the Closing Date to promptly
      become a Guarantor, provided
      that
      such Significant Subsidiary satisfies the definition of “Guarantor” hereunder,
      (b) shall cause such Significant Subsidiary to execute and deliver to the
      Administrative Agent, for the benefit of the Administrative Agent and the
      Lenders, a Guaranty in the form of Exhibit E
      hereto
      and to comply with all conditions precedent set forth therein, and (c) shall,
      simultaneously with the delivery of such Guaranty, provide the Administrative
      Agent (for itself and the Lenders) with an updated Schedule 7.17(b).

    

    8.12 Further
      Assurances.
      The
      Borrower will, and will cause each of its Subsidiaries to, cooperate with the
      Lenders and the Administrative Agent and execute such further instruments and
      documents as the Lenders or the Administrative Agent shall reasonably request
      to
      carry out to their satisfaction the transactions contemplated by this Credit
      Agreement and the other Loan Documents.

    

    9. CERTAIN
      NEGATIVE COVENANTS.

    

    The
      Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement
      Obligation, Letter of Credit or Note is outstanding or any Lender has any
      obligation to make any Loans or the Issuing Lender has any obligations to issue,
      extend, amend or renew any Letters of Credit:

    

    9.1 Restrictions
      on Indebtedness.
      The
      Borrower will not, and will not permit any of its Subsidiaries to, create,
      incur, assume, guarantee or be or remain liable, contingently or otherwise,
      with
      respect to any Indebtedness other than:

    

    

    
      
        
           

        

        
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    (a) Indebtedness
      to the Lenders, the Issuing Lender and the Administrative Agent arising under
      any of the Loan Documents;

    

    (b) endorsements
      for collection, deposit or negotiation and warranties of products or services,
      in each case incurred in the ordinary course of business;

    

    (c) Indebtedness
      existing on the date hereof and listed and described on Schedule 9.1
      hereto;

    

    (d) Indebtedness
      incurred in connection with guarantees and/or comfort letters issued by the
      Borrower in respect of obligations of its Subsidiaries or Joint Ventures,
provided
      that the
      aggregate amount of such Indebtedness of the Borrower shall not exceed
      $50,000,000 at any one time;

    

    (e) Indebtedness
      in respect of (i) derivative contracts described in clause (h) of the definition
      of the term “Indebtedness” consisting of foreign exchange contracts entered into
      in the ordinary course of business and for non-speculative purposes, and (ii)
      any guarantees made by the Borrower of the contracts described in clause (i)
      of
      this Section 9.1(e) entered into by Subsidiaries;

    

    (f) Indebtedness
      in respect of Capitalized Leases and Synthetic Leases, provided
      that the
      aggregate principal amount of such Indebtedness of the Borrower shall not exceed
      the aggregate amount of $25,000,000 at any one time;

    

    (g) Indebtedness
      in respect of letters of credit in the ordinary course of business (other than
      Letters of Credit);

    

    (h) Indebtedness
      in respect of Investments permitted pursuant to Section 9.3(g) and Section
      9.3(h) hereof;

    

    (i) Indebtedness
      of the type described in clause (g) of the definition of “Indebtedness” in an
      aggregate amount not to exceed $50,000,000 at any time; and

    

    (j) other
      Indebtedness of the Borrower and its Subsidiaries, provided
      that the
      aggregate principal amount of such Indebtedness of the Borrower and its
      Subsidiaries shall not exceed the aggregate amount of $100,000,000 at any one
      time, and provided
      further
      that any intercompany Indebtedness incurred solely among the Borrower and its
      Subsidiaries which would otherwise be permitted under Section 9.1(h) shall
      not
      be included for the purposes of the limit on Indebtedness set forth in this
      Section 9.1(j).

    

    9.2 Restrictions
      on Liens.

    

    9.2.1 Permitted
      Liens.
      The
      Borrower will not, and will not permit any of its Subsidiaries to, (a) create
      or
      incur or suffer to be created or incurred or to exist any Lien upon any of
      its
      property or assets of any character whether now owned or hereafter acquired,
      or
      upon the income or profits therefrom; (b) transfer any of such property or
      assets or the income or profits therefrom for the purpose of subjecting the
      same
      to the payment of Indebtedness or performance of any other obligation in
      priority to payment of its general creditors; (c) acquire, or agree or have
      an
      option to acquire, any property or assets upon conditional sale or other title
      retention or purchase money security agreement, device or arrangement; (d)
      suffer to exist for a period of more than thirty (30) days after the same shall
      have been incurred any Indebtedness or claim or demand against it that if unpaid
      might by law or upon bankruptcy or insolvency, or otherwise, be given any
      priority whatsoever over its general creditors; or (e)
      sell,
      assign, pledge or otherwise transfer any “receivables”
as
      defined in clause (g) of the definition of the term “Indebtedness,”
with
      or without recourse; provided
      that the
      Borrower or any of its Subsidiaries may create or incur or suffer to be created
      or incurred or to exist:

    

    

    
      
        
           

        

        
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    (i) Liens
      in
      favor of the Borrower on all or part of the assets of Subsidiaries of the
      Borrower securing Indebtedness owing by Subsidiaries of the Borrower to the
      Borrower;

    

    (ii) Liens
      to
      secure taxes, assessments and other government charges in respect of obligations
      not overdue or Liens on properties to secure claims for labor, material or
      supplies in respect of obligations not overdue;

    

    (iii) deposits
      or pledges made in connection with, or to secure payment of, workmen's
      compensation, unemployment insurance, old age pensions or other social security
      obligations;

    

    (iv) Liens
      on
      properties in respect of judgments or awards that have been in force for less
      than the applicable period for taking an appeal so long as execution is not
      levied thereunder or in respect of which the Borrower or such Subsidiary shall
      at the time in good faith be prosecuting an appeal or proceedings for review
      and
      in respect of which a stay of execution shall have been obtained pending such
      appeal or review;

    

    (v) Liens
      of
      carriers, warehousemen, mechanics and materialmen, and other like Liens on
      properties, in respect of obligations not overdue or which the Borrower is
      diligently contesting in good faith;

    

    (vi) encumbrances
      on Real Estate consisting of easements, rights of way, zoning restrictions,
      restrictions on the use of real property and defects and irregularities in
      the
      title thereto, landlord's or lessor's liens and other minor Liens, provided
      that
      none of such Liens (A) interferes materially with the use of the property
      affected in the ordinary conduct of the business of the Borrower and its
      Subsidiaries, and (B) individually or in the aggregate have a Material Adverse
      Effect;

    

    (vii) Liens
      existing on the date hereof and listed on Schedule 9.2
      hereto;

    

    (viii) Liens
      to
      secure the performance of bids, tenders, contracts (other than contracts for
      the
      payment of Indebtedness), leases, statutory obligations, surety, customs,
      appeal, performance and payment bonds and other obligations of like nature,
      in
      each such case arising in the ordinary course of business;

    

    (ix) Liens
      with respect to Indebtedness permitted under Sections 9.1(f) and (i) hereof;
      and

    

    (x) other
      Liens not otherwise permitted hereunder, provided
      that
      such Liens do not secure Indebtedness in an aggregate amount outstanding or
      committed in excess of $25,000,000, which Indebtedness is also permitted under
      Section 9.1 hereof.

    

    

    
      
        
           

        

        
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    9.2.2 Restrictions
      on Negative Pledges and Upstream Limitations.
      The
      Borrower will not, nor will it permit any of its Subsidiaries to (a) enter
      into
      or permit to exist any arrangement or agreement (other than the Credit Agreement
      and the other Loan Documents) which directly or indirectly prohibits the
      Borrower or any of its Subsidiaries from creating, assuming or incurring any
      Lien upon its properties, revenues or assets or those of any of its Subsidiaries
      whether now owned or hereafter acquired, or (b) enter into any agreement,
      contract or arrangement (other than the Credit Agreement and the other Loan
      Documents) restricting the ability of any Subsidiary of the Borrower to pay
      or
      make dividends or distributions in cash or kind to the Borrower, to make loans,
      advances or other payments of whatsoever nature to the Borrower, or to make
      transfers or distributions of all or any part of its assets to the Borrower,
      in
      each case other than customary anti-assignment provisions contained in leases
      and licensing agreements entered into by the Borrower or such Subsidiary in
      the
      ordinary course of its business.

    

    9.3 Restrictions
      on Investments.
      The
      Borrower will not, and will not permit any of its Subsidiaries to, make or
      permit to exist or to remain outstanding any Investment except Investments
      in:

    

    (a) marketable
      direct or guaranteed obligations of the United States of America or any agency
      or instrumentality thereof;

    

    (b) demand
      deposits, certificates of deposit, bank acceptances and time deposits of (i)
      United States banks having total assets in excess of $1,000,000,000, (ii) any
      Lender or (iii) a commercial bank organized under the laws of any other country
      which is a member of the Organization for Economic Cooperation and Development
      (the “OECD”),
      or a
      political subdivision of such country, and having total assets in excess of
      $1,000,000,000; provided
      that
      such bank is acting through a branch or agency located in the country in which
      it is organized or another country which is a member of the OECD;

    

    (c) securities
      commonly known as “commercial
      paper”
issued
      by a corporation organized and existing under the laws of the United States
      of
      America or any state thereof that at the time of purchase have been rated and
      the ratings for which are not less than “P 1” if rated by Moody's, and not
      less than “A 1” if rated by S&P;

    

    (d) repurchase
      obligations with a term of not more than seven (7) days for underlying
      securities of the types described in Sections 9.3(a) and (b);

    

    (e) mutual
      funds which invest primarily
      in the
      items described in Sections 9.3(a) - (d);

    

    (f) Investments
      existing on the date hereof and listed on Schedule
      9.3
      hereto;

    

    (g) (i)
      Investments consisting of the Guaranties, (ii) Investments by the Borrower
      in
      any Guarantor hereunder or by any Guarantor in the Borrower or any other
      Guarantor, (iii) Investments in Subsidiaries other than CJI which are not
      Guarantors provided
      that the
      aggregate of such Investments of the Borrower in Subsidiaries which are not
      Guarantors shall not exceed the aggregate amount of $50,000,000, and (iv)
      Investments in Joint Ventures not to exceed the aggregate amount of
      $30,000,000;

    

    (h) Investments
      in CJI, provided
      that at
      the time of and after giving effect to any such Investment no Default or Event
      of Default has occurred and is continuing;

    

    

    
      
        
           

        

        
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    (i) Investments
      consisting of promissory notes received as proceeds of asset dispositions
      permitted by Section 9.5.2;

    

    (j) Investments
      consisting of loans and advances to employees for moving, entertainment, travel
      and other similar expenses in the ordinary course of business not to exceed
      $5,000,000 in the aggregate at any time outstanding;

    

    (k) Investments
      in Permitted Acquisitions (other than Joint Ventures) permitted by Section
      9.5.1(a) hereof; and

    

    (l) other
      Investments of the Borrower and its Subsidiaries, such Investments not to exceed
      at any time in the aggregate the greater of (i) $125,000,000 or (ii) ten percent
      (10%) of the aggregate outstanding amount of Investments of the Borrower and
      its
      Subsidiaries outstanding at such time;

    

    (m) Investments
      consisting of auction rate securities which have a long term rating of at least
      “A-” or “A3” and a short term rating of at least “A1” or “P1” by S&P or
      Moody’s; provided that
      if such
      auction rate securities offer tax exempt dividends or interest, such securities
      shall maintain a rating of at least “Aa2” or “AA” by S&P or Moody’s, and
      such securities may include municipal issues (including without limitation,
      hospitals and toll roads) and student loan issues (including without limitation,
      universities and colleges), in each case, made in accordance with the Borrower’s
      corporate investment policy as then in effect; and

    

    (n) Investments
      consisting of long term corporate debt securities having a rating of “A-” or
      better by S&P, or the equivalent rating by Moody’s, and made in accordance
      with the Borrower’s corporate investment policy in effect at the time such
      Investments are made.

    

    9.4 Restricted
      Payments.
      The
      Borrower will not make any Restricted Payments; provided,
      however,
      that so
      long as no Default or Event of Default has occurred and is continuing or would
      exist as a result thereof, the Borrower shall be permitted to make repurchases
      of or pay dividends with respect to its Capital Stock, so long as immediately
      prior to and immediately after giving effect to any such Distribution, the
      Borrower and its Subsidiaries on a consolidated basis shall be in pro
      forma
      compliance with the financial covenant set forth in Section 10
      hereof.

    

    9.5 Merger,
      Consolidation and Disposition of Assets.

    

    9.5.1 Mergers
      and Acquisitions.
      The
      Borrower will not, and will not permit any of its Subsidiaries to, become a
      party to any merger, amalgamation or consolidation, or agree to or effect any
      asset acquisition or stock acquisition (other than the acquisition of assets
      in
      the ordinary course of business consistent with past practices) except (a)
      the
      merger or consolidation of one or more of the Subsidiaries of the Borrower
      with
      and into the Borrower; (b) the merger or consolidation of two or more
      Subsidiaries of the Borrower; and (c) any asset or stock or other equity
      interest acquisition by the Borrower or any of its Subsidiaries of Persons
      in
      the same or similar line of business as the Borrower (a “Permitted
      Acquisition”)
      where
      (1) the Borrower has notified the Administrative Agent of such Permitted
      Acquisition; (2) the business to be acquired would not subject the
      Administrative Agent or the Lenders to any additional regulatory or third party
      approvals in connection with the exercise of its rights and remedies under
      this
      Credit Agreement or any other Loan Document; (3) no contingent liabilities
      will
      be incurred or assumed in connection with such Permitted Acquisition which
      could
      reasonably be expected to have a Material Adverse Effect, and any Indebtedness
      incurred or assumed in connection with such Permitted Acquisition shall have
      been permitted to be incurred or assumed pursuant to Section 9.1 hereof; (4)
      the
      Borrower has provided the Administrative Agent with such other information
      as
      was reasonably requested by the Administrative Agent; (5) after the consummation
      of the Permitted Acquisition (other than with respect to a Joint Venture),
      to
      the extent such acquisition was a stock acquisition, the Person so acquired
      is
      merged with and into the Borrower or its Subsidiary, with the Borrower or such
      Subsidiary, as the case may be, being the survivor of such merger; (6) the
      board
      of directors and the shareholders (if required by applicable law), or the
      equivalent, of each of the Borrower and the Person to be acquired has approved
      such merger, consolidation or acquisition and such Permitted Acquisition is
      otherwise considered “friendly”; (7) if the Permitted Acquisition is of a
      Significant Subsidiary, the Borrower complies with the requirements of Section
      8.11 hereof with respect to the Significant Subsidiary so acquired; and (8)
      the
      Borrower has delivered to the Administrative Agent and the Lenders a certificate
      of the chief financial officer or treasurer of the Borrower (A) to the effect
      that the Borrower and its Subsidiaries, on a consolidated basis, will be solvent
      upon the consummation of the Permitted Acquisition; (B) certifying and attaching
      a pro
      forma
      Compliance Certificate evidencing compliance with Section 10 hereof immediately
      prior to and immediately after giving effect to such Permitted Acquisition,
      and
      fairly presenting the financial condition of the Borrower and its Subsidiaries
      as of the date thereof and after giving effect to such Permitted Acquisition;
      and (C) to the effect that no Default or Event of Default then exists or would
      result after giving effect to the Permitted Acquisition.

    

    

    
      
        
           

        

        
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    9.5.2 Disposition
      of Assets.
      The
      Borrower will not, and will not permit any of its Subsidiaries to, become a
      party to or agree to or effect any disposition of assets, other than (a) the
      sale of inventory, the licensing of intellectual property and the disposition
      of
      obsolete assets, in each case in the ordinary course of business consistent
      with
      past practices; (b) the disposition of individual stores in the ordinary course
      of business consistent with past practices; and (c) dispositions with respect
      to
      Indebtedness permitted under Section 9.1(i) hereof.

    

    9.6 Sale
      and Leaseback.
      The
      Borrower will not, and will not permit any of its Subsidiaries to, enter into
      any arrangement, directly or indirectly, whereby the Borrower or any Subsidiary
      of the Borrower shall sell or transfer any assets owned by it in order then
      or
      thereafter to lease such assets that the Borrower or any Subsidiary of the
      Borrower intends to use for substantially the same purpose as the assets being
      sold or transferred (each such arrangement, a “Sale
      and Leaseback”),
      other
      than any Sale and Leaseback where (i) the sale or transfer of assets would
      not
      have a Material Adverse Effect, (ii) the assets to be sold have an aggregate
      net
      book value for all such sales for the period from the Closing Date through
      the
      date of any such sale of less than twenty five percent (25%) of the value of
      the
      Consolidated Total Assets of the Borrower and its Subsidiaries on the date
      of
      such sale, (iii) the assets are sold in an arm’s length transaction for fair
      market value (after giving effect to all tax benefits associated with such
      sale,
      if any) and (iv) immediately prior to and immediately after giving effect to
      any
      such sale, the Borrower and its Subsidiaries on a consolidated basis shall
      be in
pro
      forma
      compliance with the financial covenant set forth in Section 10
      hereof.

    

    9.7 Compliance
      with Environmental Laws.
      The
      Borrower will not, and will not permit any of its Subsidiaries to, in any manner
      that would violate any Environmental Law or bring such Real Estate in violation
      of any Environmental Law, (a) use any of the Real Estate or any portion thereof
      for the handling, processing, storage or disposal of Hazardous Substances,
      (b)
      cause or permit to be located on any of the Real Estate any underground tank
      or
      other underground storage receptacle for Hazardous Substances, (c) generate
      any
      Hazardous Substances on any of the Real Estate, (d) conduct any activity at
      any
      Real Estate or use any Real Estate in any manner so as to cause a release or
      threatened release of Hazardous Substances on, upon or into the Real Estate
      or
      (e) otherwise violate any Environmental Law or bring such Real Estate in
      violation of any Environmental Law, in each case which would have a Material
      Adverse Effect.

    

    

    
      
        
           

        

        
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    9.8 Employee
      Benefit Plans.
      Except
      as could not, individually or in the aggregate, reasonably be expected to have
      a
      Material Adverse Effect, neither the Borrower nor any ERISA Affiliate
      will:

    

    (a) engage
      in
      any “prohibited transaction”
within
      the meaning of Section 406 of ERISA or Section 4975 of the Code which could
      result in a material liability for the Borrower or any of its Subsidiaries;
      or

    

    (b) permit
      any Guaranteed Pension Plan to incur an “accumulated funding deficiency”,
      as
      such term is defined in Section 302 of ERISA, whether or not such deficiency
      is
      or may be waived; or

    

    (c) fail
      to
      contribute to any Guaranteed Pension Plan to an extent which, or terminate
      any
      Guaranteed Pension Plan in a manner which, could result in the imposition of
      a
      lien or encumbrance on the assets of the Borrower or any of its Subsidiaries
      pursuant to Section 302(f) or Section 4068 of ERISA; or

    

    (d) amend
      any
      Guaranteed Pension Plan in circumstances requiring the posting of security
      pursuant to Section 307 of ERISA or Section 401(a)(29) of the Code;

    

    (e) permit
      or
      take any action which would result in the aggregate benefit liabilities (with
      the meaning of Section 4001 of ERISA) of all Guaranteed Pension Plans exceeding
      the value of the aggregate assets of such Plans, disregarding for this purpose
      the benefit liabilities and assets of any such Plan with assets in excess of
      benefit liabilities; or

    

    (f) permit
      or
      take any action which would contravene any Applicable Pension
      Legislation.

    

    9.9 Transactions
      with Affiliates.
      The
      Borrower will not, and will not permit any of its Subsidiaries to, engage in
      any
      transaction with any Affiliate (other than for services as employees, officers
      and directors), including any contract, agreement or other arrangement providing
      for the furnishing of services to or by, providing for rental of real or
      personal property to or from, or otherwise requiring payments to or from any
      such Affiliate or, to the knowledge of the Borrower, any corporation,
      partnership, trust or other entity in which any such Affiliate has a substantial
      interest or is an officer, director, trustee or partner, on terms more favorable
      to such Person than would have been obtainable on an arm's-length basis in
      the
      ordinary course of business.

    

    10. FINANCIAL
      COVENANT.

    

    The
      Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement
      Obligation, Letter of Credit or Note is outstanding or any Lender has any
      obligation to make any Loans or the Issuing Lender has any obligation to issue,
      extend, amend or renew any Letters of Credit:

    

    

    
      
        
           

        

        
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    10.1 Fixed
      Charge Ratio.
      The
      Borrower will not permit the Fixed Charge Ratio at the end of any Reference
      Period to be less than 2.50 to 1.

    

    11. CLOSING
      CONDITIONS.

    

    The
      obligations of the Lenders to make the initial Revolving Credit Loans and of
      the
      Issuing Lender to issue any initial Letters of Credit shall be subject to the
      satisfaction of the following conditions precedent on or prior to July 26,
      2007:

    

    11.1 Loan
      Documents.
      Each of
      the Loan Documents shall have been duly executed and delivered by the respective
      parties thereto, shall be in full force and effect and shall be in form and
      substance satisfactory to each of the Lenders. The Administrative Agent shall
      have received fully executed copies of each such document in sufficient
      quantities to deliver one (1) fully executed original of each such document
      to
      each Lender.

    

    11.2 Certified
      Copies of Governing Documents.
      The
      Administrative Agent shall have received from the Borrower and each of the
      Guarantors copies, certified by a duly authorized officer of such Person to
      be
      true and complete on the Closing Date, of each of its Governing Documents as
      in
      effect on such date of certification.

    

    11.3 Corporate
      or Other Action.
      All
      corporate (or other) action necessary for the valid execution, delivery and
      performance by the Borrower and each of the Guarantors of this Credit Agreement
      and the other Loan Documents to which it is or is to become a party shall have
      been duly and effectively taken, and evidence thereof satisfactory to the
      Lenders shall have been provided to the Administrative Agent.

    

    11.4 Incumbency
      Certificate.
      The
      Administrative Agent shall have received from the Borrower and each of the
      Guarantors an incumbency certificate, dated as of the Closing Date, signed
      by a
      duly authorized officer of the Borrower or such Guarantor, and giving the name
      and bearing a specimen signature of each individual who shall be authorized:
      (a)
      to sign, in the name and on behalf of each of the Borrower or such Guarantor,
      each of the Loan Documents to which the Borrower or such Guarantor is or is
      to
      become a party; (b) in the case of the Borrower, to make Loan Requests and
      Conversion Requests and to apply for Letters of Credit; and (c) to give notices
      and to take other action on its behalf under the Loan Documents.

    

    11.5 Certificates
      of Location and UCC Search Results.
      The
      Administrative Agent shall have received a completed and fully executed
      certificate of location and the results of UCC searches (and the equivalent
      thereof in all applicable foreign jurisdictions), indicating no Liens other
      than
      Permitted Liens and otherwise in form and substance satisfactory to the
      Administrative Agent.

    

    11.6 Certificates
      of Insurance.
      The
      Administrative Agent shall have received a certificate of insurance from an
      independent insurance broker dated on or before the Closing Date and/or such
      other evidence of insurance as is satisfactory to the Administrative Agent,
      identifying insurers, types of insurance, insurance limits, and policy terms,
      and otherwise describing the insurance obtained in accordance with the
      provisions of the Loan Documents.

    

    11.7 Opinion
      of Counsel.
      The
      Administrative Agent shall have received a favorable legal opinion addressed
      to
      the Lenders and the Administrative Agent, dated as of the Closing Date and
      in
      sufficient quantities to deliver one (1) original of each such opinion to each
      Lender, in form and substance satisfactory to the Administrative Agent,
      from

    

    

    
      
        
           

        

        
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    (a) Latham
      & Watkins, counsel to the Borrower and the Guarantors; and

    

    (b) Venable
      LLP, Maryland counsel to the Borrower.

    

    11.8 Payment
      of Fees.
      The
      Borrower shall have paid to the Lenders or the Administrative Agent, as
      appropriate, the Fees pursuant to Sections 5.1 and 5.2, as well as the fees
      and
      expenses of the Administrative Agent, the Arranger and the Administrative
      Agent’s Special Counsel as set forth in the Fee Letter.

    

    11.9 Termination
      of Existing Credit Facility.
      The
      Administrative Agent shall have received evidence that the Prior Credit
      Agreement has been terminated and all obligations thereunder have been
      discharged.

    

    11.10 Closing
      Certificate.
      The
      Borrower shall have delivered to the Administrative Agent a certificate, dated
      as of the Closing Date, stating that, as of such date (a) the
      representations and warranties set forth herein or in any other Loan Document
      are true and correct, and (b) no Default or Event of Default has occurred and
      is
      continuing.

    

    11.11 Pro
      Forma Compliance Certificate.
      The
      Borrower shall have delivered to the Administrative Agent a statement certified
      by the chief financial officer or treasurer of the Borrower in substantially
      the
      form of Exhibit
      C
      hereto
      (a “Compliance
      Certificate”)
      and
      setting forth in reasonable detail computations evidencing pro forma
      compliance as of the fiscal quarter ending March 31, 2007 with the covenant
      contained in Section 10.

    

    Without
      limiting the generality of the provisions of the last paragraph of Section
      14.3,
      for purposes of determining compliance with the conditions specified in this
      Section 11, each Lender that has signed this Credit Agreement shall be deemed
      to
      have consented to, approved or accepted or to be satisfied with, each document
      or other matter required thereunder to be consented to or approved by or
      acceptable or satisfactory to a Lender unless the Administrative Agent shall
      have received notice from such Lender prior to the proposed Closing Date
      specifying its objection thereto.

    

    12. CONDITIONS
      TO ALL BORROWINGS.

    

    The
      obligations of the Lenders to make any Loan and of the Issuing Lender to issue,
      extend, amend or renew any Letter of Credit, in each case whether on or after
      the Closing Date, shall also be subject to the satisfaction of the following
      conditions precedent:

    

    12.1 Representations
      True; No Event of Default.
      Each of
      the representations and warranties of any of the Borrower and its Subsidiaries
      contained in this Credit Agreement, the other Loan Documents or in any document
      or instrument delivered pursuant to or in connection with this Credit Agreement
      shall be true as of the date as of which they were made and shall also be true
      at and as of the time of the making of such Loan or the issuance, extension,
      amendment or renewal of such Letter of Credit, with the same effect as if made
      at and as of that time (except to the extent of changes resulting from
      transactions contemplated or permitted by this Credit Agreement and the other
      Loan Documents and changes occurring in the ordinary course of business that
      singly or in the aggregate are not materially adverse, and to the extent that
      such representations and warranties relate expressly to an earlier date) and
      no
      Default or Event of Default shall have occurred and be continuing.

    

    12.2 No
      Legal Impediment.
      No
      change shall have occurred in any law or regulations thereunder or
      interpretations thereof that in the reasonable opinion of any Lender would
      make
      it illegal for such Lender to make such Loan or to participate in the issuance,
      extension, amendment or renewal of such Letter of Credit or in the reasonable
      opinion of the Administrative Agent would make it illegal for the Issuing Lender
      to issue, extend, amend or renew such Letter of Credit.

    

    

    
      
        
           

        

        
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    12.3 Proceedings
      and Documents.
      All
      proceedings in connection with the transactions contemplated by this Credit
      Agreement, the other Loan Documents and all other documents incident thereto
      shall be satisfactory in substance and in form to the Lenders and to the
      Administrative Agent and the Administrative Agent's Special Counsel, and the
      Lenders, the Administrative Agent and such counsel shall have received all
      information and such counterpart originals or certified or other copies of
      such
      documents as the Administrative Agent may reasonably request.

    

    13. EVENTS
      OF DEFAULT; ACCELERATION; ETC.

    

    13.1 Events
      of Default and Acceleration.
      If any
      of the following events (“Events of Default”
or,
      if
      the giving of notice or the lapse of time or both is required, then, prior
      to
      such notice or lapse of time, “Defaults”)
      shall
      occur:

    

    (a) the
      Borrower shall fail to pay any principal of the Loans or any Reimbursement
      Obligation when the same shall become due and payable (including, without
      limitation, under and pursuant to Section 3.2(a) and (b)) within five (5)
      Business Days after the same shall become due and payable, whether at the stated
      date of maturity or any accelerated date of maturity or at any other date fixed
      for payment;

    

    (b) the
      Borrower or any of its Subsidiaries shall fail to pay any interest on the Loans,
      within five (5) Business Days after the same shall become due and payable,
      whether at the stated date of maturity or any accelerated date of maturity
      or at
      any other date fixed for payment;

    

    (c) the
      Borrower or any of its Subsidiaries shall fail to pay any fees or other sums
      due
      hereunder or under any of the other Loan Documents, within five (5) Business
      Days after the same shall become due and payable, whether at the stated date
      of
      maturity or any accelerated date of maturity or at any other date fixed for
      payment; provided,
      that
      with respect to any fees or other sums due hereunder or under any of the other
      Loan Documents for which an invoice has been provided by the Administrative
      Agent but has not been received by the Borrower, the Borrower or any of its
      Subsidiaries shall fail to pay such fees or other sums within five (5) Business
      Days after notice of such failure has been given to the Borrower by the
      Administrative Agent;

    

    (d) the
      Borrower shall fail to comply with any of its covenants contained in Section
      8.1, the first sentence of Section 8.4.1, the first sentence of Section 8.5,
      Sections 9.1 through 9.6 or Section 10;

    

    (e) the
      Borrower or any of its Subsidiaries shall fail to perform any term, covenant
      or
      agreement contained herein or in any of the other Loan Documents (other than
      those specified elsewhere in this Section 13.1) for thirty (30) days after
      written notice of such failure has been given to the Borrower by the
      Administrative Agent;

    

    (f) any
      representation or warranty of the Borrower or any of its Subsidiaries (whether
      in this Credit Agreement or any of the other Loan Documents or in any other
      document or instrument delivered pursuant to or in connection with this Credit
      Agreement) shall prove to have been false in any material respect upon the
      date
      when made or deemed to have been made or repeated;

    

    

    
      
        
           

        

        
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    (g) the
      Borrower or any of its Subsidiaries shall fail to pay at maturity, or within
      any
      applicable period of grace, any obligation for borrowed money or credit received
      or in respect of any Capitalized Leases, in an aggregate principal amount in
      excess of $25,000,000, or fail to observe or perform any material term, covenant
      or agreement contained in any agreement by which it is bound, evidencing or
      securing borrowed money or credit received or in respect of any Capitalized
      Leases, in an aggregate principal amount in excess of $25,000,000, for such
      period of time as would permit (assuming the giving of appropriate notice if
      required) the holder or holders thereof or of any obligations issued thereunder
      to accelerate the maturity thereof, or any such holder or holders shall rescind
      or shall have a right to rescind the purchase of any such
      obligations;

    

    (h) the
      Borrower or any of its Subsidiaries shall make an assignment for the benefit
      of
      creditors, or admit in writing its inability to pay or generally fail to pay
      its
      debts as they mature or become due, or shall petition or apply for the
      appointment of a trustee or other custodian, liquidator or receiver of the
      Borrower or any of its Subsidiaries or of any substantial part of the assets
      of
      the Borrower or any of its Subsidiaries or shall commence any case or other
      proceeding relating to the Borrower or any of its Subsidiaries under any
      bankruptcy, reorganization, arrangement, insolvency, readjustment of debt,
      dissolution or liquidation or similar law of any jurisdiction, now or hereafter
      in effect, or shall take any action to authorize or in furtherance of any of
      the
      foregoing, or if any such petition or application shall be filed or any such
      case or other proceeding shall be commenced against the Borrower or any of
      its
      Subsidiaries and the Borrower or any of its Subsidiaries shall indicate its
      approval thereof, consent thereto or acquiescence therein or such petition
      or
      application shall not have been dismissed within sixty (60) days following
      the
      filing thereof;

    

    (i) a
      decree
      or order is entered appointing any such trustee, custodian, liquidator or
      receiver or adjudicating the Borrower or any of its Subsidiaries bankrupt or
      insolvent, or approving a petition in any such case or other proceeding, or
      a
      decree or order for relief is entered in respect of the Borrower or any
      Subsidiary of the Borrower in an involuntary case under federal bankruptcy
      laws
      as now or hereafter constituted;

    

    (j) there
      shall remain in force, undischarged, unsatisfied and unstayed, for more than
      sixty days, whether or not consecutive, any final judgment against the Borrower
      or any of its Subsidiaries that, with other outstanding final judgments,
      undischarged, against the Borrower or any of its Subsidiaries exceeds in the
      aggregate $25,000,000;

    

    (k) if
      any of
      the Loan Documents shall be cancelled, terminated, revoked or rescinded, in
      each
      case otherwise than in accordance with the terms thereof or with the express
      prior written agreement, consent or approval of the Lenders, or any action
      at
      law, suit or in equity or other legal proceeding to cancel, revoke or rescind
      any of the Loan Documents shall be commenced by or on behalf of the Borrower
      or
      any of its Subsidiaries party thereto or any of their respective stockholders,
      or any court or any other governmental or regulatory authority or agency of
      competent jurisdiction shall make a determination that, or issue a judgment,
      order, decree or ruling to the effect that, any one or more of the Loan
      Documents is illegal, invalid or unenforceable in accordance with the terms
      thereof;

    

    (l) the
      Borrower or any ERISA Affiliate incurs any liability to the PBGC or a Guaranteed
      Pension Plan pursuant to Title IV of ERISA in an aggregate amount exceeding
      $25,000,000, or the Borrower or any ERISA Affiliate is assessed withdrawal
      liability pursuant to Title IV of ERISA by a Multiemployer Plan requiring
      aggregate annual payments exceeding $25,000,000, or any of the following occurs
      with respect to a Guaranteed Pension Plan: (i) an ERISA Reportable Event, or
      a
      failure to make a required installment or other payment (within the meaning
      of
      Section 302(f)(1) of ERISA), provided
      that the
      Administrative Agent determines in its reasonable discretion that such event
      (A)
      could be expected to result in liability of the Borrower or any of its
      Subsidiaries to the PBGC or such Guaranteed Pension Plan in an aggregate amount
      exceeding $25,000,000 and (B) could constitute grounds for the termination
      of
      such Guaranteed Pension Plan by the PBGC, for the appointment by the appropriate
      United States District Court of a trustee to administer such Guaranteed Pension
      Plan or for the imposition of a lien in favor of such Guaranteed Pension Plan;
      or (ii) the appointment by a United States District Court of a trustee to
      administer such Guaranteed Pension Plan; or (iii) the institution by the PBGC
      of
      proceedings to terminate such Guaranteed Pension Plan;

    

    

    
      
        
           

        

        
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    (m) the
      Borrower or any of its Subsidiaries is obligated to repurchase $25,000,000
      or
      more of receivables of the type described in clause (g) of the definition of
      “Indebtedness” hereof, whether sold under a purchase facility or otherwise, or a
      termination event occurs in connection with any such sale or with respect to
      any
      such facility; or

    

    (n) a
      Change
      of Control shall occur;

    

    then,
      and
      in any such event, so long as the same may be continuing, the Administrative
      Agent may, and upon the request of the Required Lenders shall, by notice in
      writing to the Borrower declare all amounts owing with respect to this Credit
      Agreement, the Notes and the other Loan Documents and all Reimbursement
      Obligations to be, and they shall thereupon forthwith become, immediately due
      and payable without presentment, demand, protest or other notice of any kind,
      all of which are hereby expressly waived by the Borrower; provided
      that in
      the event of any Event of Default specified in Sections 13.1(h) or 13.1(i),
      all
      such amounts shall become immediately due and payable automatically and without
      any requirement of notice from the Administrative Agent or any
      Lender.

    

    13.2 Termination
      of Commitments.
      If any
      one or more of the Events of Default specified in Section 13.1(h) or Section
      13.1(i) shall occur, any unused portion of the credit hereunder shall forthwith
      terminate and each of the Lenders shall be relieved of all further obligations
      to make Loans to the Borrower and the Issuing Lender shall be relieved of all
      further obligations to issue, extend, amend or renew Letters of Credit. If
      any
      other Event of Default shall have occurred and be continuing, the Administrative
      Agent may and, upon the request of the Required Lenders, shall, by notice to
      the
      Borrower, terminate the unused portion of the credit hereunder, and upon such
      notice being given such unused portion of the credit hereunder shall terminate
      immediately and each of the Lenders shall be relieved of all further obligations
      to make Loans and the Issuing Lender shall be relieved of all further
      obligations to issue, extend, amend or renew Letters of Credit. No termination
      of the credit hereunder shall relieve the Borrower or any of its Subsidiaries
      of
      any of the Obligations.

    

    13.3 Remedies.
      In case
      any one or more of the Events of Default shall have occurred and be continuing,
      and whether or not the Lenders shall have accelerated the maturity of the Loans
      pursuant to Section 13.1, each Lender, if owed any amount with respect to the
      Loans or the Reimbursement Obligations, may,
      with the
      consent of the Administrative Agent and the Required Lenders but not otherwise,
      proceed to protect and enforce its rights by suit in equity, action at law
      or
      other appropriate proceeding, whether for the specific performance of any
      covenant or agreement contained in this Credit Agreement and the other Loan
      Documents or any instrument pursuant to which the Obligations to such Lender
      are
      evidenced, including as permitted by applicable law the obtaining of the
ex parte
      appointment of a receiver, and, if such amount shall have become due, by
      declaration or otherwise, proceed to enforce the payment thereof or any other
      legal or equitable right of such Lender. No remedy herein conferred upon any
      Lender or the Administrative Agent or the holder of any Note or purchaser of
      any
      Letter of Credit Participation is intended to be exclusive of any other remedy
      and each and every remedy shall be cumulative and shall be in addition to every
      other remedy given hereunder or now or hereafter existing at law or in equity
      or
      by statute or any other provision of law.

    

    

    
      
        
           

        

        
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    14. THE
      AGENT.

    

    14.1 Authorization.

    

    (a) The
      Administrative Agent is authorized to take such action on behalf of each of
      the
      Lenders and to exercise all such powers as are hereunder and under any of the
      other Loan Documents and any related documents delegated to the Administrative
      Agent, together with such powers as are reasonably incident thereto,
provided
      that no
      duties or responsibilities not expressly assumed herein or therein shall be
      implied to have been assumed by the Administrative Agent.

    

    (b) The
      relationship between the Administrative Agent and each of the Lenders is that
      of
      an independent contractor. The use of the term “Administrative
      Agent”
is
      for
      convenience only and is used to describe, as a form of convention, the
      independent contractual relationship between the Administrative Agent and each
      of the Lenders. Nothing contained in this Credit Agreement nor the other Loan
      Documents shall be construed to create an agency, trust or other fiduciary
      relationship between the Administrative Agent and any of the Lenders.

    

    (c) As
      an
      independent contractor empowered by the Lenders to exercise certain rights
      and
      perform certain duties and responsibilities hereunder and under the other Loan
      Documents, the Administrative Agent is nevertheless a “representative”
of
      the
      Lenders, as that term is defined in Article 1 of the Uniform Commercial Code,
      for purposes of actions for the benefit of the Lenders and the Administrative
      Agent with respect to all cash collateral for Letters of Credit described in
      Section 4.1.7 hereof and guaranties contemplated by the Loan
      Documents.

    

    14.2 Employees
      and Administrative Agents.
      The
      Administrative Agent may exercise its powers and execute its duties by or
      through employees or agents and shall be entitled to take, and to rely on,
      advice of counsel concerning all matters pertaining to its rights and duties
      under this Credit Agreement and the other Loan Documents. Prior to the existence
      of a Default or an Event of Default, the Administrative Agent may utilize the
      services of such Persons as the Administrative Agent in consultation with the
      Borrower may reasonably determine, and all reasonable fees and expenses of
      any
      such Persons shall be paid by the Borrower. Following the occurrence and during
      the continuation of a Default or an Event of Default, the Administrative Agent
      may utilize the services of such Persons as the Administrative Agent in its
      sole
      discretion may reasonably determine, and all reasonable fees and expenses of
      any
      such Persons shall be paid by the Borrower.

    

    14.3 No
      Liability.
      Neither
      the Administrative Agent nor any of its shareholders, directors, officers or
      employees nor any other Person assisting them in their duties nor any agent
      or
      employee thereof, shall be liable for any waiver, consent or approval given
      or
      any action taken, or omitted to be taken, in good faith by it or them hereunder
      or under any of the other Loan Documents, or in connection herewith or
      therewith, or be responsible for the consequences of any oversight or error
      of
      judgment whatsoever, except that the Administrative Agent or such other Person,
      as the case may be, may be liable for losses due to its willful misconduct
      or
      gross negligence.

    

    

    
      
        
           

        

        
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    14.4 No
      Representations.

    

    14.4.1 General.
      The
      Administrative Agent shall not be responsible for the execution or validity
      or
      enforceability of this Credit Agreement, the Notes, the Letters of Credit,
      any
      of the other Loan Documents or any instrument at any time constituting, or
      intended to constitute, cash collateral for Letters of Credit described in
      Section 4.1.7 hereof, or for the value of any such cash collateral for Letters
      of Credit or for the validity, enforceability or collectability of any such
      amounts owing with respect to the Notes, or for any recitals or statements,
      warranties or representations made herein or in any of the other Loan Documents
      or in any certificate or instrument hereafter furnished to it by or on behalf
      of
      the Borrower or any of its Subsidiaries, or be bound to ascertain or inquire
      as
      to the performance or observance of any of the terms, conditions, covenants
      or
      agreements herein or in any instrument at any time constituting, or intended
      to
      constitute, cash collateral for Letters of Credit described in Section 4.1.7
      hereof or to inspect any of the properties, books or records of the Borrower
      or
      any of its Subsidiaries. The Administrative Agent shall not be bound to
      ascertain whether any notice, consent, waiver or request delivered to it by
      the
      Borrower or any holder of any of the Notes shall have been duly authorized
      or is
      true, accurate and complete. The Administrative Agent has not made nor does
      it
      now make any representations or warranties, express or implied, nor does it
      assume any liability to the Lenders, with respect to the credit worthiness
      or
      financial conditions of the Borrower or any of its Subsidiaries. Each Lender
      acknowledges that it has, independently and without reliance upon the
      Administrative Agent or any other Lender, and based upon such information and
      documents as it has deemed appropriate, made its own credit analysis and
      decision to enter into this Credit Agreement.

    

    14.4.2 Closing
      Documentation, etc.
      For
      purposes of determining compliance with the conditions set forth in Section
      11,
      each Lender that has executed this Credit Agreement shall be deemed to have
      consented to, approved or accepted, or to be satisfied with, each document
      and
      matter either sent, or made available, by the Administrative Agent or the
      Arranger to such Lender for consent, approval, acceptance or satisfaction,
      or
      required thereunder to be to be consent to or approved by or acceptable or
      satisfactory to such Lender, unless an officer of the Administrative Agent
      or
      the Arranger active upon the Borrower’s account shall have received notice from
      such Lender prior to the Closing Date specifying such Lender’s objection thereto
      and such objection shall not have been withdrawn by notice to the Administrative
      Agent or the Arranger to such effect on or prior to the Closing
      Date.

    

    14.5 Payments.

    

    14.5.1 Payments
      to Administrative Agent.
      A
      payment
      by the Borrower to the Administrative Agent hereunder or any of the other Loan
      Documents for the account of any Lender shall constitute a payment to such
      Lender. The Administrative Agent agrees promptly to distribute to each Lender
      such Lender’s pro rata share of payments received by the Administrative Agent
      for the account of the Lenders except as otherwise expressly provided herein
      or
      in any of the other Loan Documents.

    

    14.5.2 Distribution
      by Administrative Agent.
      If
      in the
      opinion of the Administrative Agent the distribution of any amount received
      by
      it in such capacity hereunder, under the Notes or under any of the other Loan
      Documents might involve it in liability, it may refrain from making distribution
      until its right to make distribution shall have been adjudicated by a court
      of
      competent jurisdiction. If a court of competent jurisdiction shall adjudge
      that
      any amount received and distributed by the Administrative Agent is to be repaid,
      each Person to whom any such distribution shall have been made shall either
      repay to the Administrative Agent its proportionate share of the amount so
      adjudged to be repaid or shall pay over the same in such manner and to such
      Persons as shall be determined by such court.

    

    

    
      
        
           

        

        
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    14.5.3 Delinquent
      Lenders.
      

    

    (a) Notwithstanding
      anything to the contrary contained in this Credit Agreement or any of the other
      Loan Documents, any Lender that fails (i) to make available to the
      Administrative Agent its pro rata share of any Loan or to purchase any Letter
      of
      Credit Participation or (ii) to comply with the provisions of Section 16.1
      with
      respect to making dispositions and arrangements with the other Lenders, where
      such Lender’s share of any payment received, whether by setoff or otherwise, is
      in excess of its pro rata share of such payments due and payable to all of
      the
      Lenders, in each case as, when and to the full extent required by the provisions
      of this Credit Agreement, shall be deemed delinquent (a “Delinquent
      Lender”)
      and
      shall be deemed a Delinquent Lender until such time as such delinquency is
      satisfied. A Delinquent Lender shall be deemed to have assigned any and all
      payments due to it from the Borrower, whether on account of outstanding Loans,
      Unpaid Reimbursement Obligations, interest, fees or otherwise, to the remaining
      nondelinquent Lenders for application to, and reduction of, their respective
      pro
      rata shares of all outstanding Loans and Unpaid Reimbursement Obligations.
      The
      Delinquent Lender hereby authorizes the Administrative Agent to distribute
      such
      payments to the nondelinquent Lenders in proportion to their respective pro
      rata
      shares of all outstanding Loans and Unpaid Reimbursement Obligations. A
      Delinquent Lender shall be deemed to have satisfied in full a delinquency when
      and if, as a result of application of the assigned payments to all outstanding
      Loans and Unpaid Reimbursement Obligations of the nondelinquent Lenders, the
      Lenders’ respective pro rata shares of all outstanding Loans and Unpaid
      Reimbursement Obligations have returned to those in effect immediately prior
      to
      such delinquency and without giving effect to the nonpayment causing such
      delinquency. 

    

    (b) If
      any
      Lender is a Delinquent Lender, then the Borrower may, at its cost and expense
      (other than with respect to payment of the assignment fee referred to in Section
      14.5.3(b)(i) and payment of the breakage costs referred to in the proviso to
      Section 14.5.3(b)(ii) below), upon notice to such Delinquent Lender and the
      Administrative Agent, require such Delinquent Lender to assign and delegate,
      without recourse (in accordance with and subject to the restrictions contained
      in, and consents required by, Section 15.1), all of its interests, rights and
      obligations under this Credit Agreement and the related Loan Documents to an
      assignee that shall assume such obligations (which assignee may be another
      Lender, if a Lender accepts such assignment); provided,
      however,
      that:

    

    (i) such
      Delinquent Lender shall pay to the Administrative Agent the assignment fee
      specified in Section 15.3;

    

    (ii) such
      Delinquent Lender shall have received payment of an amount equal to the
      outstanding principal of its Loans and Letter of Credit Advances, accrued
      interest thereon, accrued fees and all other amounts payable to such Delinquent
      Lender hereunder or under any of the other Loan Documents (including any amounts
      payable under Section 5.10) from the assignee (to the extent of such outstanding
      principal and accrued interest and fees) or the Borrower (in the case of all
      other amounts); provided,
      however,
      that
      the Borrower shall not be responsible for any breakage costs incurred by such
      Delinquent Lender as a direct result of the Borrower’s decision to replace such
      Delinquent Lender pursuant to this Section 14.5.3(b); and

    

    

    
      
        
           

        

        
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    (iii) such
      assignment does not conflict with any applicable laws, statutes, regulations
      or
      guidelines, directives or requests of, or agreements with, any Governmental
      Authority (whether or not having the force of law).

    

    14.6 Holders
      of Notes.
      The
      Administrative Agent may deem and treat the payee of any Note or the purchaser
      of any Letter of Credit Participation as the absolute owner or purchaser thereof
      for all purposes hereof until it shall have been furnished in writing with
      a
      different name by such payee or by a subsequent holder, assignee or
      transferee.

    

    14.7 Indemnity.
      The
      Lenders ratably agree hereby to indemnify and hold harmless the Administrative
      Agent and its affiliates from and against any and all claims, actions and suits
      (whether groundless or otherwise), losses, damages, costs, expenses (including
      any expenses for which the Administrative Agent or such affiliate has not been
      reimbursed by the Borrower as required by Section 16.2), and liabilities of
      every nature and character arising out of or related to this Credit Agreement,
      the Notes, or any of the other Loan Documents or the transactions contemplated
      or evidenced hereby or thereby, or the Administrative Agent’s actions taken
      hereunder or thereunder, except to the extent that any of the same shall be
      directly caused by the Administrative Agent’s willful misconduct or gross
      negligence.

    

    14.8 Administrative
      Agent as Lender.
      In
      its
      individual capacity, Bank of America shall have the same obligations and the
      same rights, powers and privileges in respect to its Commitment and the Loans
      made by it, and as the holder of any of the Notes and as the purchaser of any
      Letter of Credit Participations, as it would have were it not also the
      Administrative Agent.

    

    14.9 Resignation.
      The
      Administrative Agent may resign at any time by giving sixty (60) days prior
      written notice thereof to the Lenders and the Borrower. Upon any such
      resignation, the Required Lenders shall have the right to appoint a successor
      Administrative Agent. Unless a Default or Event of Default shall have occurred
      and be continuing, such successor Administrative Agent shall be reasonably
      acceptable to the Borrower. If no successor Administrative Agent shall have
      been
      so appointed by the Required Lenders and shall have accepted such appointment
      within thirty (30) days after the retiring Administrative Agent’s giving of
      notice of resignation, then the retiring Administrative Agent may, on behalf
      of
      the Lenders, appoint a successor Administrative Agent, which shall be a
      financial institution having a rating of not less than A or its equivalent
      by
      S&P. Upon the acceptance of any appointment as Administrative Agent
      hereunder by a successor Administrative Agent, such successor Administrative
      Agent shall thereupon succeed to and become vested with all the rights, powers,
      privileges and duties of the retiring Administrative Agent, and the retiring
      Administrative Agent shall be discharged from its duties and obligations
      hereunder. After any retiring Administrative Agent’s resignation, the provisions
      of this Credit Agreement and the other Loan Documents shall continue in effect
      for its benefit in respect of any actions taken or omitted to be taken by it
      while it was acting as Administrative Agent.

    

    14.10 Notification
      of Defaults and Events of Default.
      Each
      Lender hereby agrees that, upon learning of the existence of a Default or an
      Event of Default, it shall promptly notify the Administrative Agent thereof.
      The
      Administrative Agent hereby agrees that upon receipt of any notice under this
      Section 14.10 it shall promptly notify the other Lenders of the existence of
      such Default or Event of Default.

    

    15. ASSIGNMENT
      AND PARTICIPATION.

    

    15.1 Conditions
      to Assignment by Lenders.
      Except
      as
      provided herein, each Lender may assign to one or more Eligible Assignees,
      all
      or a portion of its interests, rights and obligations under this Credit
      Agreement (including all or a portion of its Commitment Percentage and
      Commitment and the same portion of the Loans at the time owing to it, the Notes
      held by it and its participating interest in the risk relating to any Letters
      of
      Credit); provided
      that (a)
      each of the Administrative Agent and, unless a Default or Event of Default
      shall
      have occurred and be continuing, the Borrower shall have given its prior written
      consent to such assignment, including, without limitation, an assignment to
      a
      Lender Affiliate, which consent, in the case of the Borrower, will not be
      unreasonably withheld; except that the consent of the Borrower or the
      Administrative Agent shall not be required in connection with any assignment
      by
      a Lender to an existing Lender, (b) each assignment shall be in an amount which,
      if less than all of such assigning Lender’s rights and obligations under this
      Credit Agreement, is a whole multiple of $5,000,000 or a lesser amount agreed
      to
      by the Administrative Agent, the Borrower and such assigning Lender, except
      that
      in the case of an assignment to a Lender, no minimum amount need be assigned
      and
      (c) the parties to such assignment shall execute and deliver to the
      Administrative Agent, for recording in the Register (as hereinafter defined),
      an
      Assignment and Acceptance, substantially in the form of Exhibit
      D
      hereto
      (an “Assignment
      and Acceptance”),
      together with any Notes subject to such assignment. Upon such execution,
      delivery, acceptance and recording, from and after the effective date specified
      in each Assignment and Acceptance, which effective date shall be at least five
      (5) Business Days after the execution thereof, (y) the assignee thereunder
      shall
      be a party hereto and, to the extent provided in such Assignment and Acceptance,
      have the rights and obligations of a Lender hereunder, and (z) the assigning
      Lender shall, to the extent provided in such assignment and upon payment to
      the
      Administrative Agent of the registration fee referred to in Section 15.3, be
      released from its obligations under this Credit Agreement.

    

    

    
      
        
           

        

        
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    15.2 Certain
      Representations and Warranties; Limitations; Covenants.
      By
      executing and delivering an Assignment and Acceptance, the parties to the
      assignment thereunder confirm to and agree with each other and the other parties
      hereto that the representations and warranties and agreements set forth in
      Section 3 of the Assignment and Acceptance are true and correct as of the date
      such Assignment and Acceptance is executed.

    

    15.3 Register.
      The
      Administrative Agent shall maintain a copy of each Assignment and Acceptance
      delivered to it and a register or similar list (the “Register”)
      for
      the recordation of the names and addresses of the Lenders and the Commitment
      Percentage of, and principal amount of the Revolving Credit Loans owing to
      and
      Letter of Credit Participations purchased by, the Lenders from time to time.
      The
      entries in the Register shall be conclusive, in the absence of manifest error,
      and the Borrower, the Administrative Agent and the Lenders may treat each Person
      whose name is recorded in the Register as a Lender hereunder for all purposes
      of
      this Credit Agreement. The Register shall be available for inspection by the
      Borrower and the Lenders at any reasonable time and from time to time upon
      reasonable prior notice. Upon each such recordation, the assigning Lender agrees
      to pay to the Administrative Agent a registration fee in the sum of $3,500;
      provided,
      however,
      that
      the Administrative Agent may, in its sole discretion, elect to waive such
      registration fee in the case of any assignment. The assignee, if it is not
      a
      Lender, shall deliver to the Administrative Agent an Administrative
      Questionnaire.

    

    15.4 New
      Notes.
      Upon
      its
      receipt of an Assignment and Acceptance executed by the parties to such
      assignment, together with each Note subject to such assignment, the
      Administrative Agent shall record the information contained therein in the
      Register. Promptly upon the request of the assignee or the assignor thereunder,
      the Borrower, at its own expense, shall execute and deliver to the
      Administrative Agent, in exchange for each surrendered Note, a new Note to
      the
      order of such assignee in an amount equal to the amount assumed by such assignee
      pursuant to such Assignment and Acceptance and, if the assigning Lender has
      retained some portion of its obligations hereunder, a new Note to the order
      of
      the assigning Lender in an amount equal to the amount retained by it hereunder.
      Such new Notes shall provide that they are replacements for the surrendered
      Note(s), shall be in an aggregate principal amount equal to the aggregate
      principal amount of the surrendered Note(s), shall be dated the effective date
      of such Assignment and Acceptance and shall otherwise be in substantially the
      form of the assigned Notes. The surrendered Note(s) shall be cancelled and
      returned to the Borrower.

    

    

    
      
        
           

        

        
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    15.5 Participations.
      Each
      Lender may sell participations to one or more Lenders or other entities in
      all
      or a portion of such Lender’s rights and obligations under this Credit Agreement
      and the other Loan Documents; provided
      that (a)
      each such participation shall be in an amount of not less than $2,500,000,
      (b)
      any such sale or participation shall not affect the rights and duties of the
      selling Lender hereunder to the Borrower and (c) the only rights granted to
      the
      participant pursuant to such participation arrangements with respect to waivers,
      amendments or modifications of the Loan Documents shall be the rights to approve
      waivers, amendments or modifications that would reduce the principal of or
      the
      interest rate on any Loans, extend the term or increase the amount of the
      Commitment of such Lender as it relates to such participant, reduce the amount
      of any Commitment Fee or Letter of Credit Fees to which such participant is
      entitled or extend any regularly scheduled payment date for principal or
      interest.

    

    15.6 Assignee
      or Participant Affiliated with the Borrower.
      If
      any
      assignee Lender is an Affiliate of the Borrower, then any such assignee Lender
      shall have no right to vote as a Lender hereunder or under any of the other
      Loan
      Documents for purposes of granting consents or waivers or for purposes of
      agreeing to amendments or other modifications to any of the Loan Documents
      or
      for purposes of making requests to the Administrative Agent pursuant to Section
      13.1 or Section 13.2, and the determination of the Required Lenders shall for
      all purposes of this Credit Agreement and the other Loan Documents be made
      without regard to such assignee Lender’s interest in any of the Loans or
      Reimbursement Obligations. If any Lender sells a participating interest in
      any
      of the Loans or Reimbursement Obligations to a participant, and such participant
      is the Borrower or an Affiliate of the Borrower, then such transferor Lender
      shall promptly notify the Administrative Agent of the sale of such
      participation. A transferor Lender shall have no right to vote as a Lender
      hereunder or under any of the other Loan Documents for purposes of granting
      consents or waivers or for purposes of agreeing to amendments or modifications
      to any of the Loan Documents or for purposes of making requests to the
      Administrative Agent pursuant to Section 13.1 or Section 13.2 to the extent
      that
      such participation is beneficially owned by the Borrower or any Affiliate of
      the
      Borrower, and the determination of the Required Lenders shall for all purposes
      of this Credit Agreement and the other Loan Documents be made without regard
      to
      the interest of such transferor Lender in the Loans or Reimbursement Obligations
      to the extent of such participation.

    

    15.7 Miscellaneous
      Assignment Provisions.
      Any
      assigning Lender shall retain its rights to be indemnified pursuant to Section
      16.3 with respect to any claims or actions arising prior to the date of such
      assignment. If any assignee Lender is not incorporated under the laws of the
      United States of America or any state thereof, it shall, prior to the date
      on
      which any interest or fees are payable hereunder or under any of the other
      Loan
      Documents for its account, deliver to the Borrower and the Administrative Agent
      certification satisfactory in form and substance to the Administrative Agent
      as
      to its exemption from deduction or withholding of any United States federal
      income taxes. Anything contained in this Section 15 to the contrary
      notwithstanding, any Lender may at any time pledge or assign a security interest
      in all or any portion of its interest and rights under this Credit Agreement
      (including all or any portion of its Notes) to secure obligations of such
      Lender, including any pledge or assignment to secure obligations to any of
      the
      twelve Federal Reserve Banks organized under Section 4 of the Federal Reserve
      Act, 12 U.S.C. Section 341. Any foreclosure or similar action by any Person
      in
      respect of such pledge or assignment shall be subject to the other provisions
      of
      this Section 15. No such pledge or the enforcement thereof shall release the
      pledgor Lender from its obligations hereunder or under any of the other Loan
      Documents, provide any voting rights hereunder to the pledgee thereof, or affect
      any rights or obligations of the Borrower or Administrative Agent
      hereunder.

    

    15.8 Assignment
      by Borrower.
      The
      Borrower shall not assign or transfer any of its rights or obligations under
      any
      of the Loan Documents without the prior written consent of each of the
      Lenders.

    

    

    
      
        
           

        

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

    

    16. PROVISIONS
      OF GENERAL APPLICATION.

    

    16.1 Setoff.
      Regardless of the adequacy of any cash collateral for Letters of Credit
      described in Sections 4.2(b) and (c) hereof, following the occurrence and during
      the continuation of an Event of Default, any deposits or other sums credited
      by
      or due from any of the Lenders to the Borrower in the possession of such Lender
      may be applied to or set off against the payment of Obligations of the Borrower
      to such Lender. Each of the Lenders agree with each other Lender that (a) if
      an
      amount to be set off is to be applied to Indebtedness of the Borrower to such
      Lender, other than Indebtedness evidenced by the Notes held by such Lender
      or
      constituting Reimbursement Obligations owed to such Lender, such amount shall
      be
      applied ratably to such other Indebtedness and to the Indebtedness evidenced
      by
      all such Notes held by such Lender or constituting Reimbursement Obligations
      owed to such Lender, and (b) if such Lender shall receive from the Borrower,
      whether by voluntary payment, exercise of the right of setoff, counterclaim,
      cross action, enforcement of the claim evidenced by the Notes held by, or
      constituting Reimbursement Obligations owed to, such Lender by proceedings
      against the Borrower at law or in equity or by proof thereof in bankruptcy,
      reorganization, liquidation, receivership or similar proceedings, or otherwise,
      and shall retain and apply to the payment of the Note or Notes held by, or
      Reimbursement Obligations owed to, such Lender any amount in excess of its
      ratable portion of the payments received by all of the Lenders with respect
      to
      the Notes held by, and Reimbursement Obligations owed to, all of the Lenders,
      such Lender will make such disposition and arrangements with the other Lenders
      with respect to such excess, either by way of distribution, pro tanto
      assignment of claims, subrogation or otherwise as shall result in each Lender
      receiving in respect of the Notes held by it or Reimbursement Obligations owed
      it, its proportionate payment as contemplated by this Credit Agreement;
provided
      that if
      all or any part of such excess payment is thereafter recovered from such Lender,
      such disposition and arrangements shall be rescinded and the amount restored
      to
      the extent of such recovery, but without interest.

    

    16.2 Expenses.
      The
      Borrower agrees to pay (a) any taxes (including any interest and penalties
      in
      respect thereto) payable by the Administrative Agent, any Issuing Lender, the
      Swing Line Lender or any of the Lenders (other than taxes based upon or measured
      by the income or profits of the Administrative Agent, any Issuing Lender, the
      Swing Line Lender or any Lender) on or with respect to the transactions
      contemplated by this Credit Agreement (the Borrower hereby agreeing to indemnify
      the Administrative Agent, each Issuing Lender, the Swing Line Lender and each
      Lender with respect thereto), (b) the reasonable fees, expenses and
      disbursements of the Administrative Agent’s Special Counsel or any local counsel
      to the Administrative Agent incurred in connection with the preparation,
      syndication or administration of the Loan Documents and other instruments
      mentioned herein, each closing hereunder, any amendments, modifications,
      approvals, consents or waivers hereto or hereunder, or the cancellation of
      any
      Loan Document upon payment in full in cash of all of the Obligations or pursuant
      to any terms of such Loan Document for providing for such cancellation, (c)
      the
      reasonable fees, expenses and disbursements of the Administrative Agent or
      any
      of its Affiliates incurred by the Administrative Agent or such Affiliate in
      connection with the preparation, syndication, administration or interpretation
      of the Loan Documents and other instruments mentioned herein and subject to
      the
      limitations contained in the Fee Letter, (d) all reasonable out-of-pocket
      expenses (including without limitation reasonable attorneys’ fees and costs,
      which attorneys may be employees of any Lender, any Issuing Lender, the Swing
      Line Lender or the Administrative Agent, and reasonable consulting, accounting,
      appraisal, investment bankruptcy and similar professional fees and charges)
      incurred by any Lender, any Issuing Lender, the Swing Line Lender or the
      Administrative Agent in connection with (i) the enforcement of or preservation
      of rights under any of the Loan Documents against the Borrower or any of its
      Subsidiaries or the administration thereof after the occurrence of a Default
      or
      Event of Default and (ii) any litigation, proceeding or dispute whether arising
      hereunder or otherwise, in any way related to any Lender’s, any Issuing
      Lender’s, the Swing Line Lender’s or the Administrative Agent’s relationship
      with the Borrower or any of its Subsidiaries, except, in each case, to the
      extent resulting solely from the bad faith, willful misconduct or gross
      negligence of such party. The covenants contained in this Section 16.2 shall
      survive payment or satisfaction in full of all Obligations.

    

    

    
      
        
           

        

        
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    16.3 Indemnification.
      

    

    (a) The
      Borrower agrees to indemnify and hold harmless the Administrative Agent, the
      Arranger, their affiliates, the Issuing Lender(s), the Swing Line Lender and
      the
      Lenders from and against any and all claims, actions and suits whether
      groundless or otherwise, and from and against any and all liabilities, losses,
      damages and expenses of every nature and character arising out of this Credit
      Agreement or any of the other Loan Documents or the transactions contemplated
      hereby including, without limitation, (a) any actual or proposed use by the
      Borrower or any of its Subsidiaries of the proceeds of any of the Loans or
      Letters of Credit, (b) the Borrower or any of its Subsidiaries entering into
      or
      performing this Credit Agreement or any of the other Loan Documents or (c)
      with
      respect to the Borrower and its Subsidiaries and their respective properties
      and
      assets, the violation of any Environmental Law or laws related to Hazardous
      Substances or any action, suit, proceeding or investigation in relation thereto,
      in each case including, without limitation, the reasonable fees and
      disbursements of counsel incurred in connection with any such investigation,
      litigation or other proceeding, except to the extent resulting from the bad
      faith, willful misconduct or gross negligence of such indemnified party. In
      litigation, or the preparation therefor, the Lenders, the Issuing Lender(s),
      the
      Swing Line Lender and the Administrative Agent and its affiliates shall be
      entitled to select their own counsel and, in addition to the foregoing
      indemnity, the Borrower agrees to pay promptly the reasonable fees and expenses
      of such counsel. If, and to the extent that the obligations of the Borrower
      under this Section 16.3 are unenforceable for any reason, the Borrower hereby
      agrees to make the maximum contribution to the payment in satisfaction of such
      obligations which is permissible under applicable law. The covenants contained
      in this Section 16.3 shall survive payment or satisfaction in full of all other
      Obligations.

    

    (b) To
      the
      extent that the Borrower for any reason fails to indefeasibly pay any amount
      required under Sections 16.2 or 16.3 to be paid by it to the Administrative
      Agent (or any sub-agent thereof), the Issuing Lender or any Related Party of
      any
      of the foregoing, each Lender severally agrees to pay to the Administrative
      Agent (or any such sub-agent), the Issuing Lender or such Related Party, as
      the
      case may be, such Lender’s Commitment Percentage (determined as of the time that
      the applicable unreimbursed expense or indemnity payment is sought) of such
      unpaid amount, provided
      that the
      unreimbursed expense or indemnified loss, claim, damage, liability or related
      expense, as the case may be, was incurred by or asserted against the
      Administrative Agent (or any such sub-agent) or the Issuing Lender in its
      capacity as such, or against any Related Party of any of the foregoing acting
      for the Administrative Agent (or any such sub-agent) or Issuing Lender in
      connection with such capacity. The obligations of the Lenders under this section
      are subject to the provisions of Section 2.8.

    

    

    
      
        
           

        

        
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    16.4 Treatment
      of Certain Confidential Information.

    

    16.4.1 Confidentiality.
      Each
      of
      the Administrative Agent, the Lenders and the Issuing Lender agrees to maintain
      the confidentiality of the Information (as defined below), except that
      Information may be disclosed (a) to its Affiliates and to its and its
      Affiliates’ respective partners, directors, officers, employees, agents,
      advisors and representatives (it being understood that the Persons to whom
      such
      disclosure is made will be informed of the confidential nature of such
      Information and instructed to keep such Information confidential), (b) to the
      extent requested by any regulatory authority purporting to have jurisdiction
      over it (including any self-regulatory authority, such as the National
      Association of Insurance Commissioners), (c) to the extent required by
      applicable laws or regulations or by any subpoena or similar legal process,
      (d)
      to any other party hereto, (e) in connection with the exercise of any remedies
      hereunder or under any other Loan Document or any action or proceeding relating
      to this Credit Agreement or any other Loan Document or the enforcement of rights
      hereunder or thereunder, (f) subject to an agreement containing provisions
      substantially the same as those of this Section, to (i) any assignee of or
      participant in, or any prospective assignee of or participant in, any of its
      rights or obligations under this Credit Agreement or any Eligible Assignee
      invited to be a Lender pursuant to Section 2.1(b) or (ii) any actual or
      prospective counterparty (or its advisors) to any swap or derivative transaction
      relating to the Borrower and its obligations, (g) with the consent of the
      Borrower or (h) to the extent such Information (x) becomes publicly available
      other than as a result of a breach of this Section or (y) becomes available
      to
      the Administrative Agent, any Lender, the Issuing Lender or any of their
      respective Affiliates on a nonconfidential basis from a source other than the
      Borrower.

    

    For
      purposes of this Section, “Information”
means
      all information received from the Borrower or any Subsidiary relating to the
      Borrower or any Subsidiary or any of their respective businesses, other than
      any
      such information that is available to the Administrative Agent, any Lender
      or
      the Issuing Lender on a nonconfidential basis prior to disclosure by the
      Borrower or any Subsidiary, provided
      that, in
      the case of information received from the Borrower or any Subsidiary after
      the
      date hereof, such information shall be presumed to be confidential unless (A)
      clearly identified at the time of delivery as public or (B) deemed to be public
      pursuant to the conditions set forth in the first paragraph of this Section
      16.4.1 above. Any Person required to maintain the confidentiality of Information
      as provided in this Section shall be considered to have complied with its
      obligation to do so if such Person has exercised the same degree of care to
      maintain the confidentiality of such Information as such Person would accord
      to
      its own confidential information.

    

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

    

    

    
      
        
           

        

        
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    16.4.2 Prior
      Notification.
      Unless
      specifically prohibited by applicable law or court order, each of the Lenders,
      the Issuing Lender(s), the Swing Line Lender, the Financial Affiliate(s) and
      the
      Administrative Agent shall notify the Borrower of any request for disclosure
      of
      any such non-public information by any governmental agency or representative
      thereof (other than any such request in connection with an examination of the
      financial condition of such Lender by such governmental agency) or pursuant
      to
      legal process; provided,
      however, that in the event such disclosure is required pursuant to such order
      of
      a court or the order, request or demand of any administrative or regulatory
      agency or authority, such Lender, such Issuing Lender, the Swing Line Lender,
      such Financial Affiliate and the Administrative Agent will provide the Borrower
      with notice prior to its disclosure of the same in order to allow (to the extent
      practicable) sufficient time for the Borrower to respond to or defend such
      order, request or demand.

    

    16.4.3 Other.
      In
      no
      event shall any Lender, any Issuing Lender, the Swing Line Lender or the
      Administrative Agent be obligated or required to return any materials furnished
      to it or any Financial Affiliate by the Borrower or any of its Subsidiaries.
      The
      obligations of each Lender under this Section 16 shall supersede and replace
      the
      obligations of such Lender under any confidentiality letter in respect of this
      financing signed and delivered by such Lender to the Borrower prior to the
      date
      hereof and shall be binding upon any assignee of, or purchaser of any
      participation in, any interest in any of the Loans or Reimbursement Obligations
      from any Lender.

    

    16.5 Survival
      of Covenants, Etc.
      All
      covenants, agreements, representations and warranties made herein, in the Notes,
      in any of the other Loan Documents or in any documents or other papers delivered
      by or on behalf of the Borrower or any of its Subsidiaries pursuant hereto
      shall
      be deemed to have been relied upon by the Lenders, the Issuing Lender(s), the
      Swing Line Lender and the Administrative Agent, notwithstanding any
      investigation heretofore or hereafter made by any of them, and shall survive
      the
      making by the Lenders of any of the Loans and the issuance, extension, amendment
      or renewal of any Letters of Credit, as herein contemplated, and shall continue
      in full force and effect so long as any Letter of Credit or any amount due
      under
      this Credit Agreement or the Notes or any of the other Loan Documents remains
      outstanding or any Lender has any obligation to make any Loans or the Issuing
      Lender has any obligation to issue, extend, amend or renew any Letter of Credit,
      and for such further time as may be otherwise expressly specified in this Credit
      Agreement.

    

    16.6 Notices.
      (e)
Notices
      Generally.
      Except
      as otherwise expressly provided in this Credit Agreement, all notices and other
      communications made or required to be given pursuant to this Credit Agreement
      or
      the Notes or any Letter of Credit Applications shall be in writing and shall
      be
      delivered in hand, mailed by United States registered or certified first class
      mail, postage prepaid, sent by overnight courier, or sent by telegraph,
      telecopy, facsimile or telex and confirmed by delivery via courier or postal
      service, addressed as follows:

    

    If
      to the
      Borrower, at 516 West 34th Street, New York, New York 10001, Attention: Nancy
      Walsh, Treasurer, with a copy to the General Counsel of the Borrower, or at
      such
      other address for notice as the Borrower shall last have furnished in writing to
      the Person giving the notice;

    

    If
      to (i)
      the Administrative Agent for payments or any credit extension request, at 2001
      Clayton RD, Concord, CA 94520, (925) 675-8144 phone, (888) 969-9145, Attn:
      Marti
      J. Egner or (ii) the Administrative Agent for all other notices, at 335 Madison
      Avenue, Mail Code: NY1-503-04-03, New York, NY 10017, (212) 503-8328, (212)
      901-7842, Attn: Steven Gazzillo or, in each case, such other address for notice
      as the Administrative Agent shall last have furnished in writing to the Person
      giving the notice; and

    

    

    
      
        
           

        

        
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    If
      to any
      Lender, at such Lender's address set forth on Schedule
      1
      hereto, or such other address for notice as such Lender shall have last
      furnished in writing to the Person giving the notice.

    

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

    

    (b) Electronic
      Communications.
      Notices
      and other communications to the Lenders and the Issuing Lender hereunder may
      be
      delivered or furnished by electronic communication (including e-mail and
      Internet or intranet websites) pursuant to procedures approved by the
      Administrative Agent;
      provided
      that the
      foregoing shall not apply to notices to any Lender or the Issuing Lender
      pursuant to Section 4 if such Lender or the Issuing Lender, as applicable,
      has
      notified the Administrative Agent that it is incapable of receiving notices
      under such Section by electronic communication. The Administrative Agent or
      the
      Borrower may, in its discretion, agree to accept notices and other
      communications to it hereunder by electronic communications pursuant to
      procedures approved by it, provided
      that
      approval of such procedures may be limited to particular notices or
      communications.

    

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

    

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

    

    

    
      
        
           

        

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

    

    (e) Reliance
      by Administrative Agent, Issuing Lender and Lenders. The
      Administrative Agent, the Issuing Lender and the Lenders shall be entitled
      to
      rely and act upon any notices purportedly given by or on behalf of the Borrower
      made in a manner specified herein. The Borrower shall indemnify the
      Administrative Agent, the Issuing Lender, each Lender and the Related Parties
      of
      each of them from all losses, costs, expenses and liabilities resulting from
      the
      reliance by such Person on each notice purportedly given by or on behalf of
      the
      Borrower, except to the extent that such losses, costs, expenses and liabilities
      are determined by a court of competent jurisdiction by a final and nonappealable
      judgment to have resulted from the gross negligence or willful misconduct of
      such Person. All telephonic notices to and other telephonic communications
      with
      the Administrative Agent may be recorded by the Administrative Agent, and each
      of the parties hereto hereby consents to such recording.

    

    16.7 Governing
      Law.
      THIS
      CREDIT AGREEMENT AND, EXCEPT AS OTHERWISE SPECIFICALLY PROVIDED THEREIN, EACH
      OF
      THE OTHER LOAN DOCUMENTS ARE CONTRACTS UNDER THE LAWS OF THE STATE OF NEW YORK
      AND SHALL FOR ALL PURPOSES BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY
      THE
      LAWS OF SAID STATE OF NEW YORK (EXCLUDING THE LAWS APPLICABLE TO CONFLICTS
      OR
      CHOICE OF LAW OTHER THAN GENERAL OBLIGATIONS LAW §5-1401 AND §5-1402). THE
      BORROWER AGREES THAT ANY SUIT FOR THE ENFORCEMENT OF THIS CREDIT AGREEMENT
      OR
      ANY OF THE OTHER LOAN DOCUMENTS MAY BE BROUGHT IN THE COURTS OF THE STATE OF
      NEW
      YORK OR ANY FEDERAL COURT SITTING THEREIN AND CONSENTS TO THE NONEXCLUSIVE
      JURISDICTION OF SUCH COURT AND SERVICE OF PROCESS IN ANY SUCH SUIT BEING MADE
      UPON THE BORROWER BY MAIL AT THE ADDRESS SPECIFIED IN SECTION 16.6. THE BORROWER
      HEREBY WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE
      OF
      ANY SUCH SUIT OR ANY SUCH COURT OR THAT SUCH SUIT IS BROUGHT IN AN INCONVENIENT
      COURT.

    

    

    
      
        
           

        

        
          -68-

          
            

          

        

        
           

        

      

    

    

    16.8 Headings.
      The
      captions in this Credit Agreement are for convenience of reference only and
      shall not define or limit the provisions hereof.

    

    16.9 Counterparts.
      This
      Credit Agreement and any amendment hereof may be executed in several
      counterparts and by each party on a separate counterpart, each of which when
      executed and delivered shall be an original, and all of which together shall
      constitute one instrument. In proving this Credit Agreement it shall not be
      necessary to produce or account for more than one such counterpart signed by
      the
      party against whom enforcement is sought. Delivery by facsimile by any of the
      parties hereto of an executed counterpart hereof or of any amendment or waiver
      hereto shall be as effective as an original executed counterpart hereof or
      of
      such amendment or waiver and shall be considered a representation that an
      original executed counterpart hereof or such amendment or waiver, as the case
      may be, will be delivered.

    

    16.10 Entire
      Agreement, Etc.
      The
      Loan Documents and any other documents executed in connection herewith or
      therewith express the entire understanding of the parties with respect to the
      transactions contemplated hereby. Neither this Credit Agreement nor any term
      hereof may be changed, waived, discharged or terminated, except as provided
      in
      Section 16.12.

    

    16.11 WAIVER
      OF JURY TRIAL.
      EACH
      PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
      APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
      DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS CREDIT AGREEMENT
      OR
      ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY
      (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
      (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON
      HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT,
      IN
      THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
      (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO
      ENTER INTO THIS CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER
      THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. Except as
      prohibited by law, each party hereto hereby waives any right it may have to
      claim or recover in any litigation referred to in the preceding sentence any
      special, exemplary, punitive or consequential damages or any damages other
      than,
      or in addition to, actual damages. The Borrower acknowledges and agrees that
      the
      Administrative Agent, the Issuing Lender(s), the Swing Line Lender and the
      Lenders have been induced to enter into this Credit Agreement and the other
      Loan
      Documents to which it is a party by, among other things, the waivers and
      certifications contained herein and that no representative, agent or attorney
      of
      any such party has represented to the Borrower that such party would not, in
      the
      event of litigation, seek to enforce the foregoing waivers.

    

    16.12 Consents,
      Amendments, Waivers, Etc.
      Any
      consent or approval required or permitted by this Credit Agreement to be given
      by the Lenders may be given, and any term of this Credit Agreement, the other
      Loan Documents or any other instrument related hereto or mentioned herein may
      be
      amended, and the performance or observance by the Borrower or any of its
      Subsidiaries of any terms of this Credit Agreement, the other Loan Documents
      or
      such other instrument or the continuance of any Default or Event of Default
      may
      be waived (either generally or in a particular instance and either retroactively
      or prospectively) with, but only with, the written consent of the Borrower
      and
      the written consent of the Required Lenders. Notwithstanding
      the foregoing, no amendment, modification or waiver shall:

    

    

    
      
        
           

        

        
          -69-

          
            

          

        

        
           

        

      

    

    

    (a) without
      the written consent of the Borrower and each Lender directly affected
      thereby:

    

    (i) reduce
      or
      forgive the principal amount of any Loans or Reimbursement Obligations, or
      reduce the rate of interest on the Notes or the amount of the Commitment Fee
      or
      Letter of Credit Fees, including, for purposes of calculation of the Applicable
      Margin, as a result of a change in the definition of Fixed Charge Ratio or
      any
      of the components thereof or the method of calculation thereto (it being
      understood that any change to the definition of Fixed Charge Ratio or any of
      the
      components thereof or the method of calculation thereto for purposes of
      calculating the covenant in Section 10 hereof shall only require the written
      consent of the Borrower and the Required Lenders), but excluding interest
      accruing pursuant to Section 5.11.2 following the effective date of any waiver
      by the Required Lenders of the Default or Event of Default relating
      thereto;

    

    (ii) increase
      the amount of such Lender's Commitment or extend the expiration date of such
      Lender's Commitment; and

    

    (iii) postpone
      or extend the Revolving Credit Loan Maturity Date (subject to Section 2.1(c))
      or
      any other regularly scheduled dates for payments of principal of, or interest
      on, the Loans or Reimbursement Obligations or any Fees or other amounts payable
      to such Lender (it being understood that (A) a waiver of the application of
      the
      default rate of interest pursuant to Section 5.11.2, (B) any vote to rescind
      any
      acceleration made pursuant to Section 13.1 of amounts owing with respect to
      the
      Loans and other Obligations and (C) any
      modifications of the provisions relating to amounts, timing or application
      of
      prepayments of Loans and other Obligations shall require only the approval
      of
      the Required Lenders);

    

    (b) without
      the written consent of
      all of
      the Lenders, amend or waive this Section 16.12 or the definition of Required
      Lenders;

    

    (c) without
      the written consent of
      the
      Administrative Agent, amend or waive Section 14, the amount or time of payment
      of the Administrative Agent's Fee payable for the Administrative Agent's account
      or any other provision applicable to the Administrative Agent; and

    

    (d) without
      the written consent of
      the
      Swing Line Lender, amend or waive Section 2.6.2, the amount or time of payment
      of the Swing Line Loans or any other provision applicable to the Swing Line
      Lender; and

    

    (e) without
      the written consent of
      the
      Issuing Lender, amend or waive any Letter of Credit Fees payable for the Issuing
      Lender's account or any other provision applicable to the Issuing
      Lender.

    

    No
      waiver
      shall extend to or affect any obligation not expressly waived or impair any
      right consequent thereon. No course of dealing or delay or omission on the
      part
      of the Administrative Agent, any Issuing Lender, the Swing Line Lender or any
      Lender in exercising any right shall operate as a waiver thereof or otherwise
      be
      prejudicial thereto. No notice to or demand upon the Borrower shall entitle
      the
      Borrower to other or further notice or demand in similar or other
      circumstances.

    

    

    
      
        
           

        

        
          -70-

          
            

          

        

        
           

        

      

    

    

    16.13 Severability.
      The
      provisions of this Credit Agreement are severable and if any one clause or
      provision hereof shall be held invalid or unenforceable in whole or in part
      in
      any jurisdiction, then such invalidity or unenforceability shall affect only
      such clause or provision, or part thereof, in such jurisdiction, and shall
      not
      in any manner affect such clause or provision in any other jurisdiction, or
      any
      other clause or provision of this Credit Agreement in any
      jurisdiction.

    

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

    

    16.15 No
      Advisory or Fiduciary Responsibility.
      In
      connection with all aspects of each transaction contemplated hereby (including
      in connection with any amendment, waiver or other modification hereof or of
      any
      other Loan Document), the Borrower acknowledges and agrees, and acknowledges
      its
      Affiliates’ understanding, that: (i) (A) the arranging and other services
      regarding this Credit Agreement provided by the Administrative Agent, the
      Arranger and the Lenders are arm’s-length commercial transactions between the
      Borrower and its respective Affiliates, on the one hand, and the Administrative
      Agent, the Arranger and the Lenders, on the other hand, (B) the Borrower has
      consulted its own legal, accounting, regulatory and tax advisors to the extent
      it has deemed appropriate, and (C) the Borrower is capable of evaluating, and
      understands and accepts, the terms, risks and conditions of the transactions
      contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative
      Agent, the Arranger and each Lender each is and has been acting solely as a
      principal and, except as expressly agreed in writing by the relevant parties,
      has not been, is not, and will not be acting as an advisor, agent or fiduciary
      for the Borrower or any of its respective Affiliates, or any other Person and
      (B) neither the Administrative Agent, the Arranger nor any Lender has any
      obligation to the Borrower or any of its respective Affiliates with respect
      to
      the transactions contemplated hereby except those obligations expressly set
      forth herein and in the other Loan Documents; and (iii) the Administrative
      Agent, the Arranger and the Lenders and their respective Affiliates may be
      engaged in a broad range of transactions that involve interests that differ
      from
      those of the Borrower and its respective Affiliates, and neither the
      Administrative Agent, the Arranger nor any Lender has any obligation to disclose
      any of such interests to the Borrower or any of its respective Affiliates.
      To
      the fullest extent permitted by law, the Borrower hereby waives and releases
      any
      claims that it may have against the Administrative Agent, the Arranger and
      the
      Lenders with respect to any breach or alleged breach of agency or fiduciary
      duty
      in connection with any aspect of any transaction contemplated
      hereby.

    

    

    
      
        
           

        

        
          -71-

          
            

          

        

        
           

        

      

    

    

    IN
      WITNESS WHEREOF,
      the
      undersigned have duly executed this Credit Agreement as of the date first set
      forth above.

    

    COACH,
      INC. 

     

     

    By:  _______________________________________
Name:
      Nancy Walsh
Title:
      Vice President and Treasurer

     

     

     

     

     

     

    
 

    

    
      
        
          Signature
            Page to Revolving Credit Agreement

           

        

        
          -72-

          
            

          

        

        
           

        

      

    

    

    BANK
      OF AMERICA, N.A.,
      individually and as Administrative Agent

     

     

    By:  _______________________________________
Name:
Title:

    

    

    
      
        
          Signature
            Page to Revolving Credit Agreement

           

        

        
           

          
            

          

        

        
           

        

      

    

    

    HSBC
      BANK USA, NATIONAL ASSOCIATION

     

    
       

      By:  _______________________________________
Name:
Title:

    

    

     

     

     

     

    

    
      
        
          Signature
            Page to Revolving Credit Agreement

           

        

        
           

          
            

          

        

        
           

        

      

    

    

    THE
      NORTHERN TRUST COMPANY

     

    
       

      By:  _______________________________________
Name:
Title:

     

     

     

     

    

     

    

    
      
        
          Signature
            Page to Revolving Credit Agreement

           

        

        
           

          
            

          

        

        
           

        

      

    

    

    US
      BANK, NATIONAL ASSOCIATION

     

    
       

      By:  _______________________________________
Name:
Title:

    

     

     

     

     

     

    

    
      
        
          Signature
            Page to Revolving Credit Agreement

           

        

        
           

          
            

          

        

        
           

        

      

    

    

    JPMORGAN
      CHASE BANK, N.A.

     

    
       

      By:  _______________________________________
Name:
Title:

    

     

     

     

    
 

    

    
      
        
          Signature
            Page to Revolving Credit Agreement

           

        

        
           

          
            

          

        

        
           

        

      

    

    

    NATIONAL
      CITY BANK

     

    
       

      By:  _______________________________________
Name:
Title:

    

    

     

     

     

     

    

    
      
        
          Signature
            Page to Revolving Credit Agreement

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