Document:

Ex-10.1

 

Exhibit 10.1

EXECUTION COPY

 

FIVE-YEAR CREDIT AGREEMENT

dated as of

April 30, 2007

among

BROWN-FORMAN CORPORATION

BROWN-FORMAN BEVERAGES, EUROPE, LTD

The Other Borrowing Subsidiaries Parties Hereto

The Lenders Party Hereto

BANK OF AMERICA, N.A.,

as Syndication Agent

CITICORP NORTH AMERICA, INC.,

BARCLAYS BANK PLC,

NATIONAL CITY BANK and

WACHOVIA BANK, NATIONAL ASSOCIATION,

as Co-Documentation Agents

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

and

J. P. MORGAN EUROPE LIMITED,

as London Agent

 

J.P. MORGAN SECURITIES INC.,

BANC OF AMERICA SECURITIES LLC and

CITIGROUP GLOBAL MARKETS INC.,

as Joint Lead Arrangers and Joint Bookrunners

 

[CS&M No. 6701-228]

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE I

	 
	 	 	 	 
	Definitions

	 
	 	 	 	 
	SECTION 1.01. Defined Terms
	 	 	1	 
	SECTION 1.02. Classification of Loans and Borrowings
	 	 	19	 
	SECTION 1.03. Terms Generally
	 	 	20	 
	SECTION 1.04. Accounting Terms; GAAP
	 	 	20	 
	SECTION 1.05. Currency Translation
	 	 	20	 
	 
	 	 	 	 
	ARTICLE II

	 
	 	 	 	 
	The Credits

	 
	 	 	 	 
	SECTION 2.01. Commitments
	 	 	21	 
	SECTION 2.02. Loans and Borrowings
	 	 	21	 
	SECTION 2.03. Requests for Revolving Borrowings
	 	 	22	 
	SECTION 2.04. Competitive Bid Procedure
	 	 	23	 
	SECTION 2.05. Letters of Credit
	 	 	26	 
	SECTION 2.06. Funding of Borrowings
	 	 	32	 
	SECTION 2.07. Interest Elections
	 	 	32	 
	SECTION 2.08. Termination, Reduction and Increase of Commitments
	 	 	34	 
	SECTION 2.09. Extension of Maturity Date
	 	 	35	 
	SECTION 2.10. Repayment of Loans; Evidence of Debt
	 	 	36	 
	SECTION 2.11. Prepayment of Loans
	 	 	37	 
	SECTION 2.12. Fees
	 	 	38	 
	SECTION 2.13. Interest
	 	 	39	 
	SECTION 2.14. Alternate Rate of Interest
	 	 	40	 
	SECTION 2.15. Increased Costs
	 	 	41	 
	SECTION 2.16. Break Funding Payments
	 	 	43	 
	SECTION 2.17. Taxes
	 	 	43	 
	SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	 	 	44	 
	SECTION 2.19. Mitigation Obligations; Replacement of Lenders
	 	 	46	 
	SECTION 2.20. Designation of Borrowing Subsidiaries
	 	 	47	 
	 
	 	 	 	 
	ARTICLE III

	 
	 	 	 	 
	Representations and Warranties

	 
	 	 	 	 

 

Contents, p. 2

	 	 	 	 	 
	 	 	Page
	SECTION 3.01. Organization; Powers
	 	 	47	 
	SECTION 3.02. Authorization; Enforceability
	 	 	48	 
	SECTION 3.03. Governmental Approvals; No Conflicts
	 	 	48	 
	SECTION 3.04. Financial Condition; No Material Adverse Change
	 	 	48	 
	SECTION 3.05. Litigation and Environmental Matters
	 	 	49	 
	SECTION 3.06. Compliance with Laws and Agreements
	 	 	49	 
	SECTION 3.07. Investment Company Status
	 	 	49	 
	SECTION 3.08. Taxes
	 	 	49	 
	SECTION 3.09. ERISA
	 	 	49	 
	SECTION 3.10. Disclosure
	 	 	49	 
	 
	 	 	 	 
	ARTICLE IV

	 
	 	 	 	 
	Conditions

	 
	 	 	 	 
	SECTION 4.01. Effective Date
	 	 	50	 
	SECTION 4.02. Each Credit Event
	 	 	51	 
	SECTION 4.03. Initial Credit Event for each Borrowing Subsidiary
	 	 	51	 
	 
	 	 	 	 
	ARTICLE V

	 
	 	 	 	 
	Affirmative Covenants

	 
	 	 	 	 
	SECTION 5.01. Financial Statements and Other Information
	 	 	52	 
	SECTION 5.02. Notices of Material Events
	 	 	53	 
	SECTION 5.03. Existence; Conduct of Business
	 	 	54	 
	SECTION 5.04. Payment of Obligations
	 	 	54	 
	SECTION 5.05. Maintenance of Properties; Insurance
	 	 	54	 
	SECTION 5.06. Books and Records; Inspection Rights
	 	 	54	 
	SECTION 5.07. Compliance with Laws
	 	 	55	 
	SECTION 5.08. Use of Proceeds
	 	 	55	 
	 
	 	 	 	 
	ARTICLE VI

	 
	 	 	 	 
	Negative Covenants

	 
	 	 	 	 
	SECTION 6.01. Subsidiary Indebtedness
	 	 	55	 
	SECTION 6.02. Liens
	 	 	56	 
	SECTION 6.03. Sale and Leaseback Transactions
	 	 	58	 
	SECTION 6.04. Fundamental Changes
	 	 	58	 
	SECTION 6.05. Transactions with Affiliates
	 	 	59	 
	SECTION 6.06. Interest Coverage Ratio
	 	 	59	 

 

Contents, p. 3

	 	 	 	 	 
	 	 	Page
	 
	 	 	 	 
	ARTICLE VII

	 
	 	 	 	 
	Events of Default

	 
	 	 	 	 
	ARTICLE VIII

	 
	 	 	 	 
	The Agents

	 
	 	 	 	 
	ARTICLE IX

	 
	 	 	 	 
	Guarantee

	 
	 	 	 	 
	ARTICLE X

	 
	 	 	 	 
	Miscellaneous

	 
	 	 	 	 
	SECTION 10.01. Notices
	 	 	65	 
	SECTION 10.02. Waivers; Amendments
	 	 	66	 
	SECTION 10.03. Expenses; Indemnity; Damage Waiver
	 	 	67	 
	SECTION 10.04. Successors and Assigns
	 	 	68	 
	SECTION 10.05. Survival
	 	 	70	 
	SECTION 10.06. Counterparts; Integration; Effectiveness
	 	 	71	 
	SECTION 10.07. Severability
	 	 	71	 
	SECTION 10.08. Right of Setoff
	 	 	71	 
	SECTION 10.09. Governing Law; Jurisdiction; Consent to Service of Process
	 	 	71	 
	SECTION 10.10. WAIVER OF JURY TRIAL
	 	 	72	 
	SECTION 10.11. Headings
	 	 	72	 
	SECTION 10.12. Confidentiality
	 	 	72	 
	SECTION 10.13. Interest Rate Limitation
	 	 	74	 
	SECTION 10.14. Conversion of Currencies
	 	 	74	 
	SECTION 10.15. USA Patriot Act
	 	 	74	 
	SECTION 10.16. No Fiduciary Relationship
	 	 	75	 

	 
	Schedules:

	Schedule 2.01 — Commitments

	Schedule 2.05 — Issuing Banks and LC Commitments

	Schedule 3.05 — Disclosed Matters

	Schedule 6.01 — Existing Subsidiary Indebtedness

	Schedule 6.02 — Existing Liens

	Schedule 6.05 — Transactions with Affiliates

 

Contents, p. 4

	 
	Exhibits:

	Exhibit A  — Form of Assignment and Assumption

	Exhibit B-1  — Form of Opinion of Bass, Berry & Sims PLC, counsel for the Borrowers

	Exhibit B-2  — Form of Opinion of Lovells, English counsel for the Borrowers

	Exhibit C  — Form of Borrowing Subsidiary Agreement

	Exhibit D  — Form of Borrowing Subsidiary Termination

	Exhibit E  — Form of Accession Agreement

	Exhibit F  — Form of Maturity Date Extension Request

	Exhibit G  — Mandatory Costs Rate

 

 

     FIVE-YEAR CREDIT AGREEMENT dated as of April 30, 2007 (the
“Agreement”), among BROWN-FORMAN CORPORATION (the
“Company”), a Delaware corporation; BROWN-FORMAN BEVERAGES,
EUROPE, LTD, an English company; the other BORROWING SUBSIDIARIES from
time to time party hereto (the Company and the Borrowing Subsidiaries
being collectively called the “Borrowers”); the LENDERS party
hereto; BANK OF AMERICA, N.A., as Syndication Agent; CITICORP NORTH
AMERICA, INC., BARCLAYS BANK PLC, NATIONAL CITY BANK and WACHOVIA BANK,
NATIONAL ASSOCIATION as Co-Documentation Agents; JPMORGAN CHASE BANK,
N.A., as Administrative Agent; and J.P. MORGAN EUROPE LIMITED, as London
Agent.

          The Company (such term and each other capitalized term used but not otherwise defined herein
having the meaning assigned to it in Article I) has requested the Lenders to extend credit to
enable the Borrowers (a) to borrow on a revolving credit basis on and after the Effective Date and
at any time and from time to time prior to the Maturity Date an aggregate principal amount not in
excess of Eight Hundred Million Dollars (US$800,000,000) at any time outstanding (which principal
amount may be increased by an amount not in excess of Four Hundred Million Dollars (US$400,000,000)
as provided in Section 2.08(d)), (b) to obtain Letters of Credit and (c) to provide a procedure
under which Lenders may bid on an uncommitted basis on short-term borrowings by the Borrowers
maturing on or prior to the Maturity Date. The proceeds of such borrowings will be used for
working capital and general corporate purposes of the Company and the Subsidiaries and to provide
liquidity in connection with any commercial paper program of the Borrowers. Letters of Credit will
be used for general corporate purposes of the Company and the Subsidiaries.

          The Lenders are willing to extend such credit to the Borrowers on the terms and subject to the
conditions set forth herein. Accordingly, the parties hereto agree as follows:

ARTICLE I

Definitions

          SECTION 1.01. Defined Terms. As used in this Agreement, the following terms have the
meanings specified below:

          “ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to
the Alternate Base Rate.

 

2

          “Accession Agreement” means an Accession Agreement substantially in the form of
Exhibit E among an Increasing Lender, the Company and the Administrative Agent.

          “Adjusted EURIBO Rate” means, with respect to any EURIBOR Borrowing for any Interest
Period, an interest rate per annum equal to the sum of (a) the EURIBO Rate for such Interest Period
and (b) the Mandatory Costs Rate.

          “Adjusted LIBO Rate” means (a) with respect to any LIBOR Borrowing denominated in US
Dollars for any Interest Period, an interest rate per annum equal to the product of (i) the LIBO
Rate for US Dollars for such Interest Period multiplied by (ii) the Statutory Reserve Rate and (b)
with respect to any LIBOR Borrowing denominated in any Alternative Currency for any Interest
Period, an interest rate per annum equal to the sum of (i) the LIBO Rate for such currency and such
Interest Period plus (ii) the Mandatory Costs Rate.

          “Administrative Agent” means JPMorgan Chase Bank, N.A., in its capacity as
administrative agent for the Lenders hereunder.

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

          “Affiliate” means, with respect to a specified Person, another Person that directly,
or indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified.

          “Agents” means the Administrative Agent and the London Agent.

          “Alternate Base Rate” means, for any day, a rate per annum equal to the greater of (a)
the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day
plus 1/2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the
Federal Funds Effective Rate shall be effective from and including the effective date of such
change in the Prime Rate or the Federal Funds Effective Rate, respectively.

          “Alternative Currency” means Euro, Sterling and any other currency, other than US
Dollars, (a) that is freely available, freely transferable and freely convertible into US Dollars,
(b) in which dealings in deposits are carried on in the London interbank market and (c) that has
been designated by the Administrative Agent at the request of the Company, in a notice to the
Lenders, as an Alternative Currency.

          “Applicable Agent” means (a) with respect to a Loan or Borrowing denominated in US
Dollars or any Letter of Credit, and with respect to any payment hereunder that does not relate to
a particular Loan, Borrowing or Letter of Credit, the Administrative Agent, and (b) with respect to
a Loan or Borrowing denominated in an Alternative Currency, the London Agent.

 

3

          “Applicable Percentage” means, with respect to any Lender, the percentage of the total
Commitments represented by such Lender’s Commitment. If the Commitments have terminated or
expired, the Applicable Percentages shall be determined based upon the Commitments most recently in
effect, giving effect to any assignments.

          “Applicable Rate” means, for any day, with respect to any LIBOR Revolving Loan or
EURIBOR Revolving Loan, or with respect to the facility fees or letter of credit participation fees
payable hereunder, as the case may be, the applicable rate per annum set forth below under the
caption “LIBOR/EURIBOR Margin”, “Facility Fee” or “Letter of Credit Participation Fee”, as the case
may be, based upon the ratings by S&P and Moody’s, respectively, applicable on such date to the
Index Debt and the Utilization Percentage on such date:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	LIBOR/EURIBOR	 	Letter of Credit
	 	 	 	 	 	 	 	 	Margin	 	Participation Fees
	 	 	 	 	 	 	 	 	Utilization	 	Utilization	 	Utilization	 	Utilization
	 	 	 	 	 	 	 	 	Percentage	 	Percentage	 	Percentage	 	Percentage
	 	 	 	 	Facility Fee	 	£50%	 	>50%	 	£50%	 	>50%
	 	 	Ratings	 	(% per	 	(% per	 	(% per	 	(% per	 	(% per
	 	 	(S&P/Moody’s)	 	annum)	 	annum)	 	annum)	 	annum)	 	annum)
	Category 1

	 	3AA-/Aa3
	 	 	0.040	%	 	 	0.110	%	 	 	0.160	%	 	 	0.110	%	 	 	0.160	%
	Category 2

	 	A+/A1
	 	 	0.045	%	 	 	0.130	%	 	 	0.180	%	 	 	0.130	%	 	 	0.180	%
	Category 3

	 	A/A2
	 	 	0.050	%	 	 	0.150	%	 	 	0.200	%	 	 	0.150	%	 	 	0.200	%
	Category 4

	 	A-/A3
	 	 	0.060	%	 	 	0.190	%	 	 	0.240	%	 	 	0.190	%	 	 	0.240	%
	Category 5

	 	BBB+/Baa1
	 	 	0.080	%	 	 	0.270	%	 	 	0.320	%	 	 	0.270	%	 	 	0.320	%
	Category 6

	 	<BBB+/Baa1
	 	 	0.100	%	 	 	0.350	%	 	 	0.400	%	 	 	0.350	%	 	 	0.400	%

          For purposes of the foregoing, (i) if either Moody’s or S&P shall not have in effect a
rating for the Index Debt (other than by reason of the circumstances referred to in the last
sentence of this definition), then such rating agency shall be deemed to have established a rating
in Category 6; (ii) if the ratings established or deemed to have been established by Moody’s and
S&P for the Index Debt shall fall within different Categories, the Applicable Rate shall be based
on the higher of the two ratings unless one of the two ratings is two or more Categories lower than
the other, in which case the Applicable Rate shall be determined by reference to the Category next
above that of the lower of the two ratings; and (iii) if the ratings established or deemed to have
been established by Moody’s and S&P for the Index Debt shall be changed (other than as a result of
a change in the rating system of Moody’s or S&P), such change shall be effective as of the date on
which it is first publicly announced by the applicable rating agency. Each change in the
Applicable Rate shall apply during the period commencing on the effective date of such change and
ending on the date immediately preceding the effective date of the next such change. If the rating
system of Moody’s or S&P shall change, or if either such rating agency shall cease to be in the
business of rating corporate debt obligations, the Company and the Lenders shall negotiate in good
faith to amend this definition to reflect such

 

4

changed rating system or the unavailability of ratings from such rating agency and, pending
the effectiveness of any such amendment, the Applicable Rate shall be determined by reference to
the rating most recently in effect prior to such change or cessation.

          “Assignment and Assumption” means an Assignment and Assumption entered into by a
Lender and an assignee (with the consent of any party whose consent is required by Section 10.04),
and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by
the Administrative Agent.

          “Attributable Debt” means, with respect to any Sale-Leaseback Transaction, the present
value (discounted at the rate set forth or implicit in the terms of the lease included in such
Sale-Leaseback Transaction) of the total obligations of the lessee for rental payments (other than
amounts required to be paid on account of taxes, maintenance, repairs, insurance, assessments,
utilities, operating and labor costs and other items which do not constitute payments for property
rights) during the remaining term of the lease included in such Sale-Leaseback Transaction
(including any period for which such lease has been extended). In the case of any lease which is
terminable by the lessee upon payment of a penalty, the Attributable Debt shall be the lesser of
the Attributable Debt determined assuming termination upon the first date such lease may be
terminated (in which case the Attributable Debt shall also include the amount of the penalty, but
no rent shall be considered as required to be paid under such lease subsequent to the first date
upon which it may be so terminated) or the Attributable Debt determined assuming no such
termination.

          “Availability Period” means the period from and including the Effective Date to but
excluding the earlier of the Maturity Date and the date of termination of the Commitments.

          “Backstopped Letter of Credit” means any Letter of Credit the obligations of the
applicable Borrower (and any other account party thereunder) in respect of which shall have been
(a) collateralized in full by a deposit of cash with the applicable Issuing Bank or (b) supported
by a letter of credit issued by a commercial bank that names the applicable Issuing Bank as the
beneficiary thereunder, in each case in a manner reasonably satisfactory to such Issuing Bank. No
Letter of Credit shall be deemed to be a Backstopped Letter of Credit unless the Issuing Bank that
is the issuer of such Letter of Credit shall have provided to the Administrative Agent a written
consent thereto.

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

          “Borrower” means the Company or any Borrowing Subsidiary.

          “Borrowing” means (a) Revolving Loans of the same Type and to the same Borrower, made,
converted or continued on the same date and, in the case of LIBOR Loans, as to which a single
Interest Period is in effect, or (b) a Competitive Loan

 

5

or group of Competitive Loans of the same Type and to the same Borrower made on the same date
and as to which a single Interest Period is in effect.

          “Borrowing Minimum” means (a) in the case of a Borrowing denominated in US Dollars,
US$5,000,000 and (b) in the case of a Borrowing denominated in any Alternative Currency, the
smallest amount of such Alternative Currency that is a multiple of 1,000,000 units of such currency
that has a US Dollar Equivalent of US$5,000,000 or more.

          “Borrowing Multiple” means (a) in the case of a Borrowing denominated in US Dollars,
US$1,000,000 and (b) in the case of a Borrowing denominated in any Alternative Currency, 1,000,000
units of such currency.

          “Borrowing Request” means a request by a Borrower for a Revolving Borrowing in
accordance with Section 2.03.

          “Borrowing Subsidiary” means Brown-Forman Beverages, Europe, Ltd and each other
Subsidiary that has been designated as a Borrowing Subsidiary pursuant to Section 2.20 and that has
not ceased to be a Borrowing Subsidiary as provided in such Section.

          “Borrowing Subsidiary Agreement” means a Borrowing Subsidiary Agreement substantially
in the form of Exhibit C.

          “Borrowing Subsidiary Termination” means a Borrowing Subsidiary Termination
substantially in the form of Exhibit D.

          “Business Day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to remain closed;
provided, that (a) when used in connection with a LIBOR Loan in any currency, the term
“Business Day” shall also exclude any day on which banks in London are not open for general
business, (b) when used in connection with a EURIBOR Loan, the term “Business Day” shall also
exclude any day on which banks in London are not open for general business and any day on which the
Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) payment system is not
open for the settlement of payments in Euros, and (c) when used in connection with a Loan to any
Borrower organized in a jurisdiction other than the United States of America or the United Kingdom,
the term “Business Day” shall also exclude any day on which commercial banks in the jurisdiction of
organization of such Borrower are not open for general business.

          “Capital Lease Obligations” of any Person means the obligations of such Person to pay
rent or other amounts under any lease of (or other arrangement conveying the right to use) real or
personal property, or a combination thereof, which obligations are required to be classified and
accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of
such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

 

6

          “Change in Control” means (a) the acquisition of ownership, directly or indirectly,
beneficially or of record, by any Person or group (within the meaning of the Securities Exchange
Act of 1934 and the rules of the SEC thereunder as in effect on the date hereof), of shares
representing more than 50% of the aggregate ordinary voting power represented by the issued and
outstanding capital stock of the Company, other than descendants of George Garvin Brown and their
respective family members and descendants, or entities controlled by, or trusts for the benefit of,
any of them, including family and charitable trusts; (b) occupation of a majority of the seats
(other than vacant seats) on the board of directors of the Company by Persons who were neither (i)
nominated by the board of directors of the Company nor (ii) appointed by directors so nominated; or
(c) the acquisition of direct or indirect Control of the Company by any Person or group, other than
descendants of George Garvin Brown and their respective family members and descendants, or entities
controlled by, or trusts for the benefit of, any of them, including family and charitable trusts.

          “Change in Law” means (a) the adoption of any law, rule or regulation after the date
of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement or (c)
compliance by any Lender or any Issuing Bank (or, for purposes of Section 2.15(b), by any lending
office of such Lender or such Issuing Bank or by such Lender’s or such Issuing Bank’s holding
company, if any) with any request, guideline or directive (whether or not having the force of law)
of any Governmental Authority made or issued after the date of this Agreement.

          “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are Revolving Loans or Competitive Loans.

          “Code” means the Internal Revenue Code of 1986, as amended from time to time.

          “Commitment” means, with respect to each Lender, the commitment of such Lender to make
Revolving Loans and to acquire participations in Letters of Credit hereunder, expressed as an
amount representing the maximum aggregate amount of such Lender’s Revolving Credit Exposure
hereunder, as such commitment may be reduced or increased from time to time pursuant to Sections
2.08 or pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount
of each Lender’s Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption
pursuant to which such Lender shall have assumed its Commitment, as applicable. The initial
aggregate amount of the Lenders’ Commitments is US$800,000,000.

          “Company” has the meaning assigned to such term in the heading of this Agreement.

          “Competitive Bid” means an offer by a Lender to make a Competitive Loan in accordance
with Section 2.04.

 

7

          “Competitive Bid Rate” means, with respect to any Competitive Bid, the Margin or the
Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

          “Competitive Bid Request” means a request by a Borrower for Competitive Bids in
accordance with Section 2.04.

          “Competitive Loan” means a Loan made pursuant to Section 2.04.

          “Competitive Loan Exposure” means the sum of the principal amounts of the outstanding
Competitive Loans.

          “Consenting Lender” has the meaning assigned to such term in Section 2.09.

          “Consolidated Assets” means, at any time, the aggregate amount of assets (less
applicable accumulated depreciation, depletion and amortization and other reserves and other
properly deductible items) of the Company and its Subsidiaries, all as set forth in the most recent
consolidated balance sheet of the Company and its Subsidiaries, determined in accordance with GAAP,
included in the periodic reports of the Company filed with the SEC.

          “Consolidated EBITDA” means, for any period, Consolidated Net Income for such period
plus (a) without duplication and to the extent deducted in determining such Consolidated Net
Income, the sum of (i) Consolidated Interest Expense for such period, (ii) consolidated income tax
expense for such period, (iii) all amounts attributable to depreciation and amortization for such
period, (iv) all extraordinary non-cash charges for such period and (v) all non-cash charges
associated with employee compensation for such period, minus (b) without duplication and to the
extent included in determining such Consolidated Net Income, all extraordinary gains for such
period, all determined on a consolidated basis in accordance with GAAP. In the event that the
Company or any Subsidiary shall have completed an acquisition or disposition of any material
Person, division or business unit since the beginning of the relevant period, Consolidated EBITDA
shall be determined for such period on a pro forma basis as if such acquisition or
disposition, and any related incurrence or repayment of Indebtedness, had occurred at the beginning
of such period.

          “Consolidated Interest Expense” means, for any period, total interest expense
(including that properly attributable to Capital Leases in accordance with GAAP and amortization of
debt discount and debt issuance costs) of the Company and the Subsidiaries on a consolidated basis,
including all capitalized interest, all commissions, discounts and other fees and charges owed with
respect to letters of credit and bankers’ acceptance financings and net costs under interest rate
protection agreements (including amortization of discount), all as determined on a consolidated
basis in accordance with GAAP. In the event that the Company or any Subsidiary shall have
completed an acquisition or disposition of any material Person, division or business unit since the
beginning of the relevant period, Consolidated Interest Expense shall be determined for

 

8

such period on a pro forma basis as if such acquisition or disposition, and
any related incurrence or repayment of Indebtedness, had occurred at the beginning of such period.

          “Consolidated Net Income” means, for any period, the net income or loss of the Company
and the Subsidiaries for such period determined on a consolidated basis in accordance with GAAP.

          “Control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of a Person, whether through the ability to
exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto.

          “Credit Party” means the Company, in its capacity as a Borrower and as a guarantor of
the Obligations of the other Borrowers pursuant to Article IX, and each Borrowing Subsidiary.

          “Declining Lender” has the meaning assigned to such term in Section 2.09.

          “Default” means any event or condition which constitutes an Event of Default or which
upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.

          “Defaulting Lender” means, at any time, any Lender that has defaulted in its
obligation to make a Revolving Loan or to fund its participation in a Letter of Credit required to
be made or funded by it hereunder, if such default has not been remedied by such Lender at such
time.

          “Disclosed Matters” means the actions, suits and proceedings and the environmental
matters disclosed on Schedule 3.05.

          “Effective Date” means the date on which the conditions specified in Section 4.01 are
satisfied (or waived in accordance with Section 10.02).

          “Environmental Laws” means all material laws, rules, regulations, codes, ordinances,
orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or
entered into by any Governmental Authority, relating in any way to the environment, preservation or
reclamation of natural resources, the management, release or threatened release of any Hazardous
Material or to health and safety matters.

          “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Company or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any
Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or
disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or
threatened release of any Hazardous Materials into the environment or (e) any contract, agreement
or other consensual

 

9

arrangement pursuant to which liability is assumed or imposed with respect to any of the
foregoing.

          “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from
time to time.

          “ERISA Affiliate” means any trade or business (whether or not incorporated) that,
together with the Company, is treated as a single employer under Section 414(b) or (c) of the Code
or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single
employer under Section 414 of the Code.

          “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or
the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day
notice period is waived); (b) the existence with respect to any Plan of an “accumulated funding
deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived;
(c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application
for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the
Company or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the
termination of any Plan; (e) the receipt by the Company or any ERISA Affiliate from the PBGC or a
plan administrator of any notice relating to an intention to terminate any Plan or Plans or to
appoint a trustee to administer any Plan; (f) the incurrence by the Company or any of its ERISA
Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or
Multiemployer Plan; or (g) the receipt by the Company or any ERISA Affiliate of any notice, or the
receipt by any Multiemployer Plan from the Company or any ERISA Affiliate of any notice, concerning
the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is
expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.

          “EURIBO Rate” means, with respect to any EURIBOR Borrowing for any Interest Period,
(a) the applicable Screen Rate or (b) if no Screen Rate is available for such Interest Period, the
arithmetic mean of the rates (rounded upwards to four decimal places), supplied to the
Administrative Agent at its request by the Reference Banks (or such of the Reference Banks as shall
supply such rates in response to such request), quoted by the Reference Banks to leading banks in
the European interbank market for the offering of deposits in Euro for a period comparable to the
Interest Period for such Borrowing, in each case as of the Specified Time on the Quotation Day.

          “EURIBOR”, when used in reference to any Loan or Borrowing, refers to whether such
Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by
reference to the Adjusted EURIBO Rate.

          “Euro” or “€” means the single currency unit of the member States of the
European Community that adopt or have adopted the Euro as their lawful currency in accordance with
legislation of the European Community relating to Economic and Monetary Union.

 

10

          “Event of Default” has the meaning assigned to such term in Article VII.

          “Exchange Rate” means, on any day, for purposes of determining the US Dollar
Equivalent of any Alternative Currency, the rate at which such Alternative Currency may be
exchanged into US Dollars at the time of determination on such day as set forth on the Reuters WRLD
Page for such currency. In the event that such rate does not appear on any Reuters WRLD Page, the
Exchange Rate shall be determined by reference to such other publicly available service for
displaying exchange rates as may be agreed upon by the Administrative Agent and the Company, or, in
the absence of such an agreement, such Exchange Rate shall instead be the arithmetic average of the
spot rates of exchange of the Administrative Agent in the market where its foreign currency
exchange operations in respect of such currency are then being conducted, at or as near as
practicable to such time of determination, on such day for the purchase of US Dollars for delivery
two Business Days later; provided that if at the time of any such determination, for any
reason, no such spot rate is being quoted, the Administrative Agent may use any reasonable method
it reasonably deems appropriate to determine such rate, and such determination shall be conclusive
absent manifest error.

          “Excluded Taxes” means, with respect to any Agent, Lender, Issuing Bank or any other
recipient of any payment to be made by or on account of any Obligation hereunder, (a) income or
franchise taxes imposed on (or measured by) its net income by the United States of America, or by
the jurisdiction under the laws of which such recipient is organized or in which its principal
office is located or, in the case of any Lender, in which its applicable lending office is located,
(b) any branch profit taxes imposed by the United States of America or any similar tax imposed by
any other jurisdiction in which such recipient is located and (c) in the case of a Foreign Lender,
any withholding tax that is imposed by the United States of America (or any political subdivision
thereof) on payments by the Company or a Borrowing Subsidiary organized in the United States of
America from an office within such jurisdiction to the extent such tax is in effect and applicable
to such payments on the date hereof or at the time such Foreign Lender becomes a party to this
Agreement (or designates a new lending office) or is attributable to such Foreign Lender’s failure
to comply with Section 2.17(e), except to the extent that such Foreign Lender (or its assignor, if
any) was entitled, at the time of designation of a new lending office (or assignment), to receive
additional amounts with respect to such withholding tax pursuant to Section 2.17(a).

          “Existing Maturity Date” has the meaning assigned to such term in Section 2.09.

          “Federal Funds Effective Rate” means, for any day, the weighted average (rounded
upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal funds brokers, as
published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such
rate is not so published for any day that is a Business Day, the average (rounded upwards, if
necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received
by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

 

11

          “Financial Officer” means (a) with respect to the Company, the chief executive
officer, chief financial officer, principal corporate finance officer, principal accounting
officer, treasurer, assistant treasurer or controller of the Company, and (b) with respect to any
other Borrower, a Financial Officer of the Company, individually or together with any director or
chief financial officer of such Borrower.

          “Fixed Rate” means, with respect to any Competitive Loan (other than a LIBOR
Competitive Loan), the fixed rate of interest per annum specified by the Lender making such
Competitive Loan in its related Competitive Bid.

          “Fixed Rate Loan” means a Competitive Loan bearing interest at a Fixed Rate.

          “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction
other than the United States of America, a State thereof or the District of Columbia.

          “GAAP” means generally accepted accounting principles in the United States of America.

          “Governmental Authority” means the government of the United States of America, any
other nation or any political subdivision thereof, whether state or local, and any agency,
authority, instrumentality, regulatory body, court, central bank or other similar governmental
entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or
functions of or pertaining to government.

          “Guarantee” of or by any Person (the “guarantor”) means any obligation,
contingent or otherwise, of the guarantor guaranteeing or having the economic effect of
guaranteeing any Indebtedness or other obligation of any other Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any obligation of the
guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase
or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds
for the purchase of) any security for the payment thereof, (b) to purchase or lease property,
securities or services for the purpose of assuring the owner of such Indebtedness or other
obligation of the payment thereof, (c) to maintain working capital, equity capital or any other
financial statement condition or liquidity of the primary obligor so as to enable the primary
obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any
letter of credit or letter of guaranty issued to support such Indebtedness or obligation;
provided that the term Guarantee shall not include endorsements for collection or deposit
in the ordinary course of business.

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

 

12

          “Hedging Agreement” means any interest rate protection agreement, foreign currency
exchange agreement, commodity price protection agreement or other interest or currency exchange
rate or commodity price hedging arrangement.

          “Increasing Lender” has the meaning assigned to such term in Section 2.08(d).

          “Indebtedness” of any Person means, without duplication, (a) all obligations of such
Person for borrowed money, (b) all debt obligations of such Person evidenced by bonds, debentures,
notes or similar instruments, (c) all obligations of such Person under conditional sale or other
title retention agreements relating to property acquired by such Person, (d) all obligations of
such Person in respect of the deferred purchase price of property or services (excluding accounts
payable incurred in the ordinary course of business), (e) all Indebtedness of others secured by (or
for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be
secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness
secured thereby has been assumed, (f) all Guarantees by such Person of Indebtedness of others, (g)
all Capital Lease Obligations of such Person, (h) all obligations, contingent or otherwise, of such
Person as an account party in respect of letters of credit and letters of guaranty, other than
letters of credit arising in the ordinary course of such Person’s business supporting accounts
payable, and (i) all obligations, contingent or otherwise, of such Person in respect of bankers’
acceptances. The Indebtedness of any Person shall include the Indebtedness of any other entity
(including any partnership in which such Person is a general partner) to the extent 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 the terms of such Indebtedness provide that such Person is not liable
therefor.

          “Indemnified Taxes” means Taxes other than Excluded Taxes.

          “Index Debt” means senior, unsecured, long-term indebtedness for borrowed money of the
Company that is not guaranteed by any other Person or subject to any other credit enhancement.

          “Information Memorandum” means the Confidential Information Memorandum dated March
2007 relating to the Company and the Transactions.

          “Interest Election Request” means a request by the relevant Borrower to convert or
continue a Revolving Borrowing in accordance with Section 2.07.

          “Interest Payment Date” means (a) with respect to any ABR Loan, the last day of each
March, June, September and December, (b) with respect to any LIBOR Loan or EURIBOR Loan, the last
day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the
case of a LIBOR Borrowing or EURIBOR Borrowing with an Interest Period of more than three months’
duration, each day prior to the last day of such Interest Period that occurs at intervals of three
months’ duration after the first day of such Interest Period and (c) with respect to any Fixed Rate
Loan, the last

 

13

day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in
the case of a Fixed Rate Borrowing with an Interest Period of more than 90 days’ duration (unless
otherwise specified in the applicable Competitive Bid Request), each day prior to the last day of
such Interest Period that occurs at intervals of 90 days’ duration after the first day of such
Interest Period, and any other dates that are specified in the applicable Competitive Bid Request
as Interest Payment Dates with respect to such Borrowing.

          “Interest Period” means (a) with respect to any LIBOR Borrowing or EURIBOR Borrowing,
the period commencing on the date of such Borrowing and ending on the numerically corresponding day
in the calendar month that is one, two, three or six months thereafter, as the applicable Borrower
may elect, and (b) with respect to any Fixed Rate Borrowing, the period (which shall not be less
than seven days or more than 360 days) commencing on the date of such Borrowing and ending on the
date specified in the applicable Competitive Bid Request; provided that (i) if any Interest
Period would end on a day other than a Business Day, such Interest Period shall be extended to the
next succeeding Business Day unless, in the case of a LIBOR Borrowing or EURIBOR Borrowing only,
such next succeeding Business Day would fall in the next calendar month, in which case such
Interest Period shall end on the next preceding Business Day and (ii) any Interest Period
pertaining to a LIBOR Borrowing or EURIBOR Borrowing that commences on the last Business Day of a
calendar month (or on a day for which there is no numerically corresponding day in the last
calendar month of such Interest Period) shall end on the last Business Day of the last calendar
month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the
date on which such Borrowing is made and, in the case of a Revolving Borrowing, thereafter shall be
the effective date of the most recent conversion or continuation of such Borrowing.

          “Issuing Bank” means JPMorgan Chase Bank, N.A. and each other Lender that shall have
become an Issuing Bank hereunder as provided in Section 2.05(j) (other than any Person that shall
have ceased to be an Issuing Bank as provided in Section 2.05(k)), each in its capacity as an
issuer of Letters of Credit hereunder. Each Issuing Bank may, in its discretion, arrange for one
or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term
“Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such
Affiliate.

          “Issuing Bank Agreement” shall have the meaning assigned to such term in Section
2.05(j).

          “LC Commitment” shall mean, as to each Issuing Bank, the commitment of such Issuing
Bank to issue Letters of Credit pursuant to Section 2.05. The initial amount of each Issuing
Bank’s LC Commitment is set forth on Schedule 2.05 or in such Issuing Bank’s Issuing Bank
Agreement.

          “LC Disbursement” means a payment made by any Issuing Bank in respect of a Letter of
Credit.

 

14

          “LC Exposure” means, at any time, (a) the sum of the US Dollar Equivalents of the
undrawn amounts of all outstanding Letters of Credit (other than, for the avoidance of doubt, any
Backstopped Letters of Credit) at such time plus (b) the sum of the US Dollar Equivalents
of the amounts of all LC Disbursements that have not yet been reimbursed by or on behalf of the
applicable Borrowers at such time. The LC Exposure of any Lender at any time shall be its
Applicable Percentage of the aggregate LC Exposure at such time.

          “Lender Affiliate” means, (a) with respect to any Lender, (i) an Affiliate of such
Lender or (ii) any entity (whether a corporation, partnership, trust or otherwise) 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 a Lender or an
Affiliate of such Lender and (b) with respect to any Lender that is a fund which invests in bank
loans and similar extensions of credit, any other 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” means the Persons listed on Schedule 2.01 and any other Person that shall
have become a party hereto pursuant to an Assignment and Assumption or an Accession Agreement,
other than any such Person that ceases to be a party hereto pursuant to an Assignment and
Assumption.

          “Letter of Credit” means any letter of credit issued and outstanding under this
Agreement.

          “LIBO Rate” means, with respect to any LIBOR Borrowing denominated in any currency for
any Interest Period, (a) the applicable Screen Rate or (b) if no Screen Rate is available for such
Interest Period, the arithmetic mean of the rates (rounded upwards to four decimal places),
supplied to the Administrative Agent at its request by the Reference Banks (or such of the
Reference Banks as shall supply such rates in response to such request), quoted by the Reference
Banks to leading banks in the London interbank market for the offering of deposits in such currency
for a period comparable to the Interest Period for such Borrowing, in each case as of the Specified
Time on the Quotation Day.

          “LIBOR”, when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to
the Adjusted LIBO Rate or, in the case of a Competitive Loan or Borrowing, LIBO Rate.

          “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien,
pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the
interest of a vendor or a lessor under any conditional sale agreement, capital lease or title
retention agreement (or any financing lease having substantially the same economic effect as any of
the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call
or similar right (other than rights of first refusal or first offer, which shall not be a Lien) of
a third party with respect to such securities.

 

15

          “Loans” means the loans made by the Lenders to the Borrowers pursuant to this
Agreement.

          “Local Time” means (a) with respect to a Loan or Borrowing denominated in US Dollars
or any Letter of Credit, New York City time, and (b) with respect to a Loan or Borrowing
denominated in an Alternative Currency, London time.

          “London Agent” means J.P. Morgan Europe Limited, in its capacity as London agent for
the Lenders hereunder, or any successor appointed in accordance with Article VIII.

          “Mandatory Costs Rate” has the meaning set forth in Exhibit G.

          “Margin” means, with respect to any Competitive Loan bearing interest at a rate based
on the LIBO Rate, the marginal rate of interest, if any, to be added to or subtracted from the LIBO
Rate to determine the rate of interest applicable to such Competitive Loan, as specified by the
Lender making such Competitive Loan in its related Competitive Bid.

          “Material Adverse Effect” means a material adverse effect on (a) the financial
condition or results of operation of the Company and the Subsidiaries, taken as a whole, or (b) the
rights of or remedies available to the Lenders under this Agreement.

          “Material Indebtedness” means Indebtedness (other than the Loans and Letters of
Credit), or obligations in respect of one or more Hedging Agreements, of any one or more of the
Company and its Subsidiaries in an aggregate principal amount exceeding US$25,000,000. For
purposes of determining Material Indebtedness, the “principal amount” of the obligations of the
Company or any Subsidiary in respect of any Hedging Agreement at any time shall be the maximum
aggregate amount (giving effect to any netting agreements) that the Company or such Subsidiary
would be required to pay if such Hedging Agreement were terminated at such time.

          “Maturity Date” means April 30, 2012, as such date may be extended pursuant to Section
2.09.

          “Maturity Date Extension Request” means a request by the Company, substantially in the
form of Exhibit F hereto or such other form as shall be approved by the Administrative Agent, for
the extension of the Maturity Date pursuant to Section 2.09.

          “Moody’s” means Moody’s Investors Service, Inc., or any successor by merger or
consolidation to its business.

          “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of
ERISA.

          “Obligations” means, with respect to any Borrower, the due and punctual payment of (i)
the principal of and premium, if any, and interest (including interest

 

16

accruing during the pendency of any bankruptcy, insolvency, receivership or other similar
proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to
such Borrower, when and as due, whether at maturity, by acceleration, upon one or more dates set
for prepayment or otherwise, (ii) each payment required to be made by such Borrower under this
Agreement in respect of any Letter of Credit, when and as due, including payments in respect of
reimbursement of LC Disbursements, interest thereon and obligations to provide cash collateral and
(iii) all other monetary obligations, including fees, costs, expenses and indemnities, whether
primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred
during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding,
regardless of whether allowed or allowable in such proceeding), of such Borrower under this
Agreement.

          “Other Taxes” means any and all present or future stamp or documentary taxes or any
other excise or property taxes, charges or similar levies arising from any payment made hereunder
or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement.

          “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA
and any successor entity performing similar functions.

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

          “Plan” means any employee pension benefit plan (other than a Multiemployer Plan)
subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA,
and in respect of which the Company or any ERISA Affiliate is (or, if such plan were terminated,
would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of
ERISA.

          “Prime Rate” means the rate of interest per annum publicly announced from time to time
by JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office in New York City;
each change in the Prime Rate shall be effective from and including the date such change is
publicly announced as being effective.

          “Principal Property” means all property located in the United States of America
directly engaged in the manufacturing activities of the Company and its Subsidiaries, the inventory
and accounts receivable of the Company and its Subsidiaries, wherever located, and the capital
stock or other equity interests owned by the Company and its Subsidiaries.

          “Quotation Day” means (a) with respect to any currency (other than Sterling and Euro)
for any Interest Period, two Business Days prior to the first day of such Interest Period, (b) with
respect to Sterling for any Interest Period, the first day of such Interest Period and (c) with
respect to Euro for any Interest Period, the day two TARGET Days before the first day of such
Interest Period, in each case unless market

 

17

practice differs in the Relevant Interbank Market for any currency, in which case the
Quotation Day for such currency shall be determined by the Applicable Agent in accordance with
market practice in the Relevant Interbank Market (and if quotations would normally be given by
leading banks in the Relevant Interbank Market on more than one day, the Quotation Day shall be the
last of those days).

          “Reference Banks” means, in relation to LIBOR, EURIBOR and Mandatory Cost Rate, the
principal London offices of JPMorgan Chase Bank, N.A., Bank of America, N.A. and Citibank, N.A., or
such other banks as may be appointed by the Administrative Agent in consultation with the Company.

          “Register” has the meaning set forth in Section 10.04(c).

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

          “Relevant Interbank Market” means (a) with respect to any currency other than Euros,
the London interbank market and (b) with respect to Euros, the European interbank market.

          “Required Lenders” means, at any time, Lenders having Revolving Credit Exposures and
unused Commitments representing more than 50% of the sum of the total Revolving Credit Exposures
and unused Commitments at such time; provided that, for purposes of declaring the Loans to
be due and payable pursuant to Article VII, and for all purposes after the Loans become due and
payable pursuant to Article VII or the Commitments expire or terminate, the outstanding Competitive
Loans of the Lenders shall be included in their respective Revolving Credit Exposures in
determining the Required Lenders; provided, further, however, that the
Revolving Credit Exposures and unused Commitments of any Defaulting Lender shall be disregarded in
the determination of Required Lenders at any time.

          “Revolving Credit Exposure” means, with respect to any Lender at any time, the sum at
such time, without duplication, of (a) the US Dollar Equivalents of the principal amounts of such
Lender’s outstanding Revolving Loans and (b) the aggregate amount of such Lender’s LC Exposure.

          “Revolving Loan” means a Loan made pursuant to Section 2.01.

          “Sale-Leaseback Transactions” means any arrangement whereby the Company or a
Subsidiary shall sell or transfer any property, real or personal, used or useful in its business,
whether now owned or hereinafter acquired, and thereafter rent or lease property that it intends to
use for substantially the same purpose or purposes as the property sold or transferred;
provided that any such arrangement entered into within 180 days after the acquisition,
construction or substantial improvement of the subject property shall not be deemed to be a
“Sale-Leaseback Transaction”.

 

18

          “Screen Rate” means (a) in respect of the LIBO Rate for any currency for any Interest
Period, the British Bankers Association Interest Settlement Rate for such currency and such
Interest Period as set forth on the applicable page of the Telerate Service (and if such page is
replaced or such service ceases to be available, another page or service displaying the appropriate
rate designated by the Applicable Agent) and (b) in respect of the EURIBO Rate for any Interest
Period, the percentage per annum determined by the Banking Federation of the European Union for
such Interest Period as set forth on the applicable page of the Telerate Service (and if such page
is replaced or such service ceases to be available, another page or service displaying the
appropriate rate designated by the Applicable Agent).

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

          “Significant Subsidiary” means each Subsidiary which is a “significant subsidiary” as
defined in Rule 1-02(w) of Regulation S-X of the SEC, as such rule may be amended or modified and
in effect from time to time.

          “Specified Time” means (a) with respect to the LIBO Rate, 11:00 a.m., London time and
(b) with respect to the EURIBO Rate, 11:00 a.m., Brussels time.

          “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc., or any successor by merger or consolidation to its business.

          “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of
which is the number one and the denominator of which is the number one minus the aggregate of the
maximum reserve percentages (including any marginal, special, emergency or supplemental reserves)
expressed as a decimal established by the Board to which the Administrative Agent is subject for
LIBOR funding (currently referred to as “LIBOR Liabilities” in Regulation D of the Board). Such
reserve percentages shall include those imposed pursuant to such Regulation D. LIBOR Loans shall
be deemed to constitute LIBOR funding and to be subject to such reserve requirements without
benefit of or credit for proration, exemptions or offsets that may be available from time to time
to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate
shall be adjusted automatically on and as of the effective date of any change in any reserve
percentage.

          “Sterling” means the lawful currency of the United Kingdom.

          “subsidiary” means, with respect to any Person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other entity the accounts of
which would be consolidated with those of the parent in the parent’s consolidated financial
statements if such financial statements were prepared in accordance with GAAP as of such date, as
well as any other corporation, limited liability company, partnership, association or other entity
(a) of which securities or other ownership interests representing more than 50% of the equity or
more than 50% of the

 

19

ordinary voting power or, in the case of a partnership, more than 50% of the general
partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such
date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the
parent and one or more subsidiaries of the parent.

          “Subsidiary” means any subsidiary of the Company.

          “Taxes” means any and all present or future taxes, levies, imposts, duties,
deductions, charges or withholdings imposed by any Governmental Authority.

          “Transactions” means the execution, delivery and performance by the Company and the
other Borrowers of this Agreement, the borrowing of Loans, the use of proceeds thereof and the
issuance of Letters of Credit hereunder.

          “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of
interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the
Adjusted LIBO Rate, the Alternate Base Rate or, in the case of a Competitive Loan or Borrowing, the
LIBO Rate or a Fixed Rate.

          “USA Patriot Act” means the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism Act of 2001.

          “US Borrowing Subsidiary” means any Borrowing Subsidiary that is a US Subsidiary.

          “US Dollar Equivalent” means, on any date of determination, (a) with respect to any
amount in US Dollars, such amount, and (b) with respect to any amount in any Alternative Currency,
the equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to
Section 1.05 using the Exchange Rate with respect to such Alternative Currency at the time in
effect under the provisions of such Section.

          “US Dollars” or “US$” means the lawful currency of the United States of
America.

          “US Subsidiary” means any Subsidiary that is organized under the laws of the United
States of America, any State thereof or the District of Columbia.

          “Utilization Percentage” means the percentage produced by dividing (i) the Revolving
Credit Exposures by (ii) the total Commitments, unless the Commitments shall have been terminated,
in which case the Utilization Percentage shall be 100%.

          “Withdrawal Liability” means liability to a Multiemployer Plan as a result of a
complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of
Subtitle E of Title IV of ERISA.

          SECTION 1.02. Classification of Loans and Borrowings. For purposes of this Agreement,
Loans may be classified and referred to by Class (e.g., a “Revolving

 

20

Loan”) or by Type (e.g., a “LIBOR Loan”) or by Class and Type (e.g., a “LIBOR Revolving
Loan”). Borrowings also may be classified and referred to by Class (e.g., a
“Revolving Borrowing”) or by Type (e.g., a “LIBOR Borrowing”) or by Class and Type
(e.g., a “LIBOR Revolving Borrowing”).

          SECTION 1.03. Terms Generally. The definitions of terms herein shall apply equally to
the singular and plural forms of the terms defined. Whenever the context may require, any pronoun
shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the
context requires otherwise (a) any definition of or reference to any agreement, instrument or other
document herein shall be construed as referring to such agreement, instrument or other document as
from time to time amended, supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein), (b) any reference herein to any Person
shall be construed to include such Person’s successors and assigns, (c) the words “herein”,
“hereof” and “hereunder”, and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, (d) all references herein to
Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of,
and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property” shall be
construed to have the same meaning and effect and to refer to any and all tangible and intangible
assets and properties, including cash, securities, accounts and contract rights.

          SECTION 1.04. Accounting Terms; GAAP. Except as otherwise expressly provided herein,
all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in
effect from time to time; provided that, if the Company notifies the Administrative Agent
that the Company requests an amendment to any provision hereof to eliminate the effect of any
change occurring after the date hereof in GAAP or in the application thereof on the operation of
such provision (or if the Administrative Agent notifies the Company that the Required Lenders
request an amendment to any provision hereof for such purpose), regardless of whether any such
notice is given before or after such change in GAAP or in the application thereof, then such
provision shall be interpreted on the basis of GAAP as in effect and applied immediately before
such change shall have become effective until such notice shall have been withdrawn or such
provision amended in accordance herewith.

          SECTION 1.05. Currency Translation. The Administrative Agent shall determine the US
Dollar Equivalent of any Borrowing denominated in an Alternative Currency as of the date of the
commencement of the initial Interest Period therefor and as of the date of the commencement of each
subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in
relation to US Dollars in effect on the date that is three Business Days prior to the date on which
the applicable Interest Period shall commence, and each such amount shall be the US Dollar
Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence.
The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit
denominated in an Alternative Currency as of the date such Letter of Credit is issued,

 

21

amended to
increase its face amount, extended or renewed and as of the last Business
Day of each subsequent calendar quarter, in each case using the Exchange Rate for such
currency in relation to US Dollars in effect on the date that is three Business Days prior to the
date on which such Letter of Credit is issued, amended to increase its face amount, extended or
renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be,
and each such amount shall, except as provided in the last sentence of this Section, be the US
Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to
this sentence. The Administrative Agent shall notify the Company and the Lenders of each
calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. For purposes of
Article VI and the definitions employed therein, amounts in currencies other than US Dollars shall
be translated into US Dollars at the currency exchange rates used in preparing the Company’s annual
and quarterly financial statements.

ARTICLE II

The Credits

          SECTION 2.01. Commitments. Subject to the terms and conditions set forth herein, each
Lender agrees to make Revolving Loans to the Company and the Borrowing Subsidiaries, denominated in
US Dollars or Alternative Currencies, from time to time during the Availability Period in an
aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure
exceeding its Commitment or (b) the sum of the total Revolving Credit Exposures plus the
Competitive Loan Exposure exceeding the total Commitments. Within the foregoing limits and subject
to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow
Revolving Loans.

          SECTION 2.02. Loans and Borrowings. (a) Each Revolving Loan shall be made as part of
a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their
respective Commitments. Each Competitive Loan shall be made in accordance with the procedures set
forth in Section 2.04. The failure of any Lender to make any Loan required to be made by it shall
not relieve any other Lender of its obligations hereunder; provided that the Commitments
and Competitive Bids of the Lenders are several and no Lender shall be responsible for any other
Lender’s failure to make Loans as required.

          (b) Subject to Section 2.14, (i) each Revolving Borrowing denominated in US Dollars shall be
comprised entirely of ABR Loans or LIBOR Loans, as the applicable Borrower may request in
accordance herewith, (ii) each Revolving Borrowing denominated in Euros shall be comprised entirely
of EURIBOR Loans, (iii) each Revolving Borrowing denominated in an Alternative Currency other than
Euros shall be comprised entirely of LIBOR Loans and (iv) each Competitive Borrowing shall be
comprised entirely of Loans bearing interest based on the LIBO Rate or Fixed Rate Loans, as the
applicable Borrower may request in accordance herewith. Each Lender at its option may make any
Loan by causing any domestic or foreign branch or Affiliate of

 

22

such Lender to make such Loan;
provided that (A) any exercise of such option shall not
affect the obligation of the applicable Borrower to repay such Loan in accordance with the
terms of this Agreement and (B) the Borrowers shall not be required to reimburse such Lender under
Section 2.17 for Taxes incurred by reason of the making by any Lender of any Loan through an
office, branch or Affiliate if such Lender could have made such Loan through another of its
offices, branches or Affiliates and, in the judgment of such Lender, (x) doing so would have
eliminated or reduced amounts payable pursuant to Section 2.17 and (y) not subjected such Lender to
any unreimbursed cost or expense or otherwise been disadvantageous to such Lender.

          (c) At the commencement of each Interest Period for any LIBOR Revolving Borrowing or EURIBOR
Revolving Borrowing, and at the time each ABR Revolving Borrowing is made, such Borrowing shall be
in an aggregate amount that is an integral multiple of the Borrowing Multiple and not less than the
Borrowing Minimum; provided that an ABR Revolving Borrowing may be in an aggregate amount
that is equal to the entire unused balance of the Commitments or that is required to finance the
reimbursement of an LC Disbursement as contemplated by Section 2.05(e). Borrowings of more than
one Type may be outstanding at the same time; provided that there shall not at any time be
more than a total of 10 LIBOR Revolving Borrowings and EURIBOR Revolving Borrowings outstanding.

          (d) Notwithstanding any other provision of this Agreement, the Borrowers shall not be entitled
to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with
respect thereto would end after the Maturity Date.

          SECTION 2.03. Requests for Revolving Borrowings. To request a Revolving Borrowing,
the applicable Borrower (or the Company on its behalf, with each Subsidiary Borrower hereby
appointing and authorizing the Company to act on its behalf for the purpose of such request) shall
notify the Applicable Agent by telephone, confirmed promptly by hand delivery or fax to such
Applicable Agent of a written Borrowing Request in a form approved by the Administrative Agent and
signed by a Financial Officer of the applicable Borrower (or by a Financial Officer of the Company
on behalf of the applicable Borrower ) (a) in the case of a LIBOR Revolving Borrowing denominated
in US Dollars, not later than 12:00 noon, Local Time, three Business Days before the date of the
proposed Borrowing, (b) in the case of a LIBOR Revolving Borrowing denominated in an Alternative
Currency or a EURIBOR Revolving Borrowing, not later than 12:00 noon, Local Time, three Business
Days before the date of the proposed Borrowing, and (c) in the case of an ABR Revolving Borrowing,
not later than 11:30 a.m., Local Time, the date of the proposed Borrowing. Each such telephonic
and written Borrowing Request shall specify the following information in compliance with Section
2.02:

          (a) the Borrower requesting such Borrowing (or on whose behalf the Company is
requesting such Borrowing);

          (b) the currency and the principal amount of such Borrowing;

 

23

          (c) the date of such Borrowing, which shall be a Business Day;

          (d) the Type of such Borrowing;

          (e) in the case of a LIBOR Borrowing or a EURIBOR Borrowing, the initial Interest
Period to be applicable thereto, which shall be a period contemplated by the definition of
the term “Interest Period”;

          (f) the location and number of the account to which funds are to be disbursed, which
shall comply with the requirements of Section 2.06; and

          (g) in the case of a Borrowing by a Borrowing Subsidiary that is not a US Borrowing
Subsidiary, the jurisdiction from which payments of the principal and interest on such
Borrowing will be made.

          Any Borrowing Request that shall fail to specify any of the information required by the
preceding provisions of this Section may be rejected by the Applicable Agent if such failure is not
corrected promptly after the Applicable Agent shall give written or telephonic notice thereof to
the applicable Borrower, and, if so rejected, will be of no force or effect. Promptly following
receipt of a Borrowing Request in accordance with this Section, the Applicable Agent shall advise
each Lender that will make a Loan as part of the requested Borrowing of the details thereof and of
the amount of such Lender’s Loan to be made as part of the requested Borrowing.

          SECTION 2.04. Competitive Bid Procedure. (a) Subject to the terms and conditions set
forth herein, from time to time during the Availability Period any Borrower may request Competitive
Bids and may (but shall not have any obligation to) accept Competitive Bids and borrow Competitive
Loans denominated in US Dollars; provided that (i) the sum of the total Revolving Credit
Exposures plus the Competitive Loan Exposure at any time shall not exceed the total Commitments or
(ii) in the event the Maturity Date shall have been extended as provided in Section 2.09, the sum
of the LC Exposures attributable to Letters of Credit expiring after any Existing Maturity Date and
the Competitive Loans maturing after such Existing Maturity Date shall not exceed the aggregate
Commitments that have been extended to a date after the expiration date of the last of such Letters
of Credit and the maturity of the last of such Competitive Loans. To request Competitive Bids, the
applicable Borrower (or the Company on its behalf, with each Subsidiary Borrower hereby appointing
and authorizing the Company to act on its behalf for the purpose of such request) shall notify the
Administrative Agent of such request by telephone, (x) in the case of a Borrowing that is to bear
interest based on the LIBO Rate, not later than 11:00 a.m., Local Time, four Business Days before
the date of the proposed Borrowing and (y) in the case of a Fixed Rate Borrowing, not later than
10:00 a.m., Local Time, one Business Day before the date of the proposed Borrowing;
provided that the applicable Borrower may submit up to (but not more than) three
Competitive Bid Requests on the same day, but a Competitive Bid Request shall not be made within
five Business Days after the date of any previous Competitive Bid Request, unless any and all such
previous Competitive Bid Requests shall have been withdrawn or all Competitive Bids received in
response thereto rejected. Each such telephonic

 

24

Competitive Bid Request shall be confirmed promptly by hand delivery or fax to the
Administrative Agent of a written Competitive Bid Request in a form approved by the Administrative
Agent and signed by a Financial Officer of the applicable Borrower (or by a Financial Officer of
the Company on behalf of the applicable Borrower). Each such telephonic and written Competitive
Bid Request shall specify the following information in compliance with Section 2.02:

          (i) the Borrower requesting the Competitive Bid (or on whose behalf the Company is
requesting the Competitive Bid);

          (ii) the aggregate principal amount of the requested Borrowing;

          (iii) the date of such Borrowing, which shall be a Business Day;

          (iv) whether such Borrowing is to be a Borrowing bearing interest based on the LIBO
Rate or a Fixed Rate Borrowing;

          (v) the Interest Period to be applicable to such Borrowing, which shall be a period
contemplated by the definition of the term “Interest Period”;

          (vi) the location and number of the account to which funds are to be disbursed, which
shall comply with the requirements of Section 2.06; and

          (vii) in the case of a Competitive Bid Request made by a Borrowing Subsidiary that is
not a US Borrowing Subsidiary, the jurisdiction from which payments of the principal and
interest on the requested Borrowing will be made.

          Promptly following receipt of a Competitive Bid Request in accordance with this Section, the
Administrative Agent shall notify the Lenders of the details thereof by fax, inviting the Lenders
to submit Competitive Bids.

          (b) Each Lender may (but shall not have any obligation to) make one or more Competitive Bids
in response to a Competitive Bid Request. Each Competitive Bid by a Lender must be in a form
approved by the Applicable Agent and must be received by the Administrative Agent by fax, in the
case of a Competitive Borrowing bearing interest based on the LIBO Rate, not later than 9:30 a.m.,
Local Time, three Business Days before the proposed date of such Competitive Borrowing and (ii) in
the case of a Fixed Rate Borrowing, not later than 9:30 a.m., Local Time, on the proposed date of
such Competitive Borrowing. Competitive Bids that do not conform substantially to the form
approved by the Administrative Agent may be rejected by the Administrative Agent, and the
Administrative Agent shall notify the applicable Lender as promptly as practicable. Each
Competitive Bid shall specify (i) the principal amount (which shall be in a minimum amount equal to
the Borrowing Minimum and an integral multiple of the Borrowing Multiple and which may equal the
entire principal amount of the Competitive Borrowing requested) of the Competitive Loan or Loans
that the Lender is willing to make, (ii) the Competitive Bid Rate or Rates at which the Lender is
prepared to make such Loan or Loans (expressed as a percentage rate per annum in the form of a
decimal to

 

25

no more than four decimal places) and (iii) the Interest Period applicable to each such Loan
and the last day thereof.

          (c) The Administrative Agent shall notify, not later than 10:30 a.m., Local Time, on the date
on which Competitive Bids are due, the applicable Borrower by fax of the Competitive Bid Rate and
the principal amount specified in each Competitive Bid and the identity of the Lender that shall
have made such Competitive Bid.

          (d) Subject only to the provisions of this paragraph, the applicable Borrower (or the Company
on its behalf) may accept or reject any Competitive Bid. The applicable Borrower (or the Company
on its behalf) shall notify the Administrative Agent by telephone, confirmed by fax in a form
approved by the Administrative Agent, whether and to what extent it has decided to accept or reject
each Competitive Bid, in the case of a Competitive Borrowing bearing interest based on the LIBO
Rate, not later than 11:30 a.m., Local Time, three Business Days before the proposed date of such
Competitive Borrowing, and in the case of a Fixed Rate Borrowing, not later than 11:30 a.m., Local
Time, on the proposed date of such Competitive Borrowing; provided that (i) the failure of
the applicable Borrower (or the Company on its behalf) to give such notice shall be deemed to be a
rejection of each Competitive Bid, (ii) the applicable Borrower shall not accept a Competitive Bid
made at a particular Competitive Bid Rate if such Borrower rejects a Competitive Bid made at a
lower Competitive Bid Rate, (iii) the aggregate amount of the Competitive Bids accepted by the
applicable Borrower shall not exceed the aggregate amount of the requested Competitive Borrowing
specified in the related Competitive Bid Request, (iv) to the extent necessary to comply with
clause (iii) above, the applicable Borrower may accept Competitive Bids at the same Competitive Bid
Rate in part, which acceptance, in the case of multiple Competitive Bids at such Competitive Bid
Rate, shall be made pro rata in accordance with the amount of each such Competitive Bid, and (v)
except pursuant to clause (iv) above, no Competitive Bid shall be accepted for a Competitive Loan
unless such Competitive Loan is in a minimum principal amount equal to the Borrowing Minimum and an
integral multiple of the Borrowing Multiple; provided further that if a Competitive Loan
must be in an amount less than the Borrowing Minimum on the date of the applicable Competitive Bid
Request because of the provisions of clause (iv) above, such Competitive Loan may be for a minimum
of $1,000,000 or any integral multiple thereof, and in calculating the pro rata allocation of
acceptances of portions of multiple Competitive Bids at a particular Competitive Bid Rate pursuant
to clause (iv) the amounts shall be rounded to integral multiples of $1,000,000 in a manner
determined by the applicable Borrower. Each Subsidiary Borrower hereby appoints and authorizes the
Company to act on its behalf as set forth in this paragraph. A notice given by or on behalf of a
Borrower pursuant to this paragraph shall be irrevocable.

          (e) The Administrative Agent shall promptly notify each bidding Lender by fax whether or not
its Competitive Bid has been accepted (and, if so, the amount and Competitive Bid Rate so
accepted), and each successful bidder will thereupon become bound, subject to the terms and
conditions hereof, to make the Competitive Loan in respect of which its Competitive Bid has been
accepted.

 

26

          (f) If the Administrative Agent or any of its Affiliates shall elect to submit a Competitive
Bid in its capacity as a Lender, it shall submit such Competitive Bid directly to the applicable
Borrower at least one quarter of an hour earlier than the time by which the other Lenders are
required to submit their Competitive Bids to the Administrative Agent pursuant to paragraph (b) of
this Section.

          SECTION 2.05. Letters of Credit. (a) General. Subject to the terms and
conditions set forth herein, any Borrower may request any Issuing Bank to issue Letters of Credit
(or to amend, renew or extend outstanding Letters of Credit) denominated in US Dollars, Sterling,
Euro or any other Alternative Currency approved for such purpose by the Applicable Agent and the
applicable Issuing Bank, for its own account or, so long as the Company is a joint and several
co-applicant with respect thereto, for the account of any Subsidiary, in a form reasonably
acceptable to the Applicable Agent and the applicable Issuing Bank, at any time and from time to
time during the Availability Period. In the event of any inconsistency between the terms and
conditions of this Agreement and the terms and conditions of any form of letter of credit
application or other agreement submitted by a Borrower to, or entered into by a Borrower with, an
Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall
control. The Company unconditionally and irrevocably agrees that, in connection with any Letter of
Credit issued for the account of any Subsidiary as provided in the first sentence of this
paragraph, the Company will be fully responsible for the reimbursement of LC Disbursements, the
payment of interest thereon and the payment of fees due under Section 2.12(b) to the same extent as
if it were the sole account party in respect of such Letter of Credit (the Company hereby
irrevocably waiving any defenses that might otherwise be available to it as a guarantor of the
obligations of any Subsidiary that shall be an account party in respect of any such Letter of
Credit).

          (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request
the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter
of Credit), a Borrower shall deliver (or transmit by electronic communication, if arrangements for
doing so have been approved by the applicable Issuing Bank) to an Issuing Bank and the Applicable
Agent, reasonably in advance of the requested date of issuance, amendment, renewal or extension, a
notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be
amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension
(which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall
comply with paragraph (c) of this Section), the amount and currency of such Letter of Credit, the
name and address of the beneficiary thereof and such other information as shall be reasonably
necessary to enable the applicable Issuing Bank to prepare, amend, renew or extend such Letter of
Credit. If requested by the applicable Issuing Bank, the applicable Borrower also shall submit a
letter of credit application on such Issuing Bank’s standard form (which form shall be reasonably
acceptable to such Borrower) in connection with any request for a Letter of Credit. A Letter of
Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal
or extension of each Letter of Credit the applicable Borrower shall be deemed to represent and
warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC
Exposure shall not exceed

 

27

US$100,000,000, (ii) the amount of the LC Exposure attributable to Letters of Credit issued by
the applicable Issuing Bank will not exceed the LC Commitment of such Issuing Bank, (iii) the sum
of the Revolving Credit Exposures and the Competitive Loan Exposure will not exceed the aggregate
Commitments, (iv) the Revolving Credit Exposure of each Lender will not exceed the Commitment of
such Lender and (v) in the event the Maturity Date shall have been extended as provided in Section
2.09, the sum of the LC Exposures attributable to Letters of Credit expiring after any Existing
Maturity Date and the Competitive Loans maturing after such Existing Maturity Date shall not exceed
the total Commitments that have been extended to a date after the expiration date of the last of
such Letters of Credit and the maturity of the last of such Competitive Loans. If the Required
Lenders notify the Issuing Banks that an Event of Default (or, with respect to the issuance or
extension of, or an amendment increasing the face amount of, any Letter of Credit, a Default)
exists and instruct the Issuing Banks to suspend the issuance, amendment, renewal or extension of
Letters of Credit, no Issuing Bank shall issue, amend, renew or extend any Letter of Credit without
the consent of the Required Lenders until such notice is withdrawn by the Required Lenders (and
each Lender that shall have delivered such a notice agrees promptly to withdraw it at such time as
it determines that no Event of Default (or, as applicable, no Default) exists).

          (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of
business on the earlier of (i) the date one year after the date of the issuance of such Letter of
Credit (or, in the case of any renewal or extension thereof, one year after such renewal or
extension) and (ii) the date that is five Business Days prior to the Maturity Date. A Letter of
Credit may provide for automatic renewals for additional periods of up to one year subject to a
right on the part of the applicable Issuing Bank to prevent any such renewal from occurring by
giving notice to the beneficiary during a specified period in advance of any such renewal, and the
failure of such Issuing Bank to give such notice by the end of such period shall for all purposes
hereof be deemed an extension of such Letter of Credit; provided that in no event shall any
Letter of Credit, as extended from time to time, expire after the date that is five Business Days
prior to the Maturity Date.

          (d) Participations. By the issuance of a Letter of Credit (or an amendment to a
Letter of Credit increasing the amount thereof) and without any further action on the part of the
applicable Issuing Bank or the Lenders, the applicable Issuing Bank hereby grants to each Lender,
and each Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit
equal to such Lender’s Applicable Percentage from time to time of the aggregate amount available to
be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each
Lender hereby absolutely and unconditionally agrees to pay to the Applicable Agent, for the account
of such Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by such
Issuing Bank and not reimbursed by the applicable Borrower on the date due as provided in paragraph
(e) of this Section, or of any reimbursement payment required to be refunded to the applicable
Borrower for any reason. Each Lender acknowledges and agrees that its obligation to acquire
participations pursuant to this paragraph in respect of Letters of Credit is absolute and
unconditional and shall not be affected by any circumstance whatsoever, including any amendment,
renewal or extension of any Letter

 

28

of Credit or the occurrence and continuance of a Default or reduction or termination of the
Commitments, and that each such payment shall be made without any offset, abatement, withholding or
reduction whatsoever.

          (e) Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a
Letter of Credit, the applicable Borrower shall reimburse such LC Disbursement by paying to the
Applicable Agent an amount equal to such LC Disbursement, in the currency of such LC Disbursement,
not later than 2:00 p.m., Local Time, on the date that such LC Disbursement is made, if such
Borrower shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on
such date, or, if such notice has not been received by such Borrower prior to such time on such
date, then not later than 2:00 p.m., Local Time, on (i) the Business Day that such Borrower
receives such notice, if such notice is received prior to 10:00 a.m., Local Time, on the day of
receipt, or (ii) the Business Day immediately following the day that such Borrower receives such
notice, if such notice is not received prior to such time on the day of receipt; provided
that, in the case of an LC Disbursement in US Dollars, the applicable Borrower may, subject to the
conditions to borrowing set forth herein, request in accordance with Section 2.03 that such payment
be financed with an ABR Revolving Borrowing in an equivalent amount and, to the extent so financed,
such Borrower’s obligation to make such payment shall be discharged and replaced by the resulting
ABR Revolving Borrowing. If such Borrower fails to make such payment when due, the Applicable
Agent shall notify each Lender of the applicable LC Disbursement, the amount and currency of the
payment then due from such Borrower in respect thereof and such Lender’s Applicable Percentage
thereof. Promptly following receipt of such notice, each Lender shall pay to the Applicable Agent
its Applicable Percentage of the payment then due from such Borrower, in the same manner as
provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply,
mutatis mutandis, to the payment obligations of the Lenders), and the Applicable
Agent shall promptly pay to such Issuing Bank the amounts so received by it from the Lenders.
Promptly following receipt by the Applicable Agent of any payment from a Borrower pursuant to this
paragraph, the Applicable Agent shall distribute such payment to such Issuing Bank or, to the
extent that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank,
then to such Lenders and such Issuing Bank, as their interests may appear. Any payment made by a
Lender pursuant to this paragraph to reimburse such Issuing Bank for any LC Disbursement (other
than the funding of ABR Revolving Loans as contemplated above) shall not constitute a Loan and
shall not relieve the applicable Borrower of its obligation to reimburse such LC Disbursement.

          (f) Obligations Absolute. Each Borrower’s obligation to reimburse LC Disbursements as
provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and
shall be performed strictly in accordance with the terms of this Agreement under any and all
circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any
Letter of Credit or this Agreement or any term or provision therein, (ii) any draft or other
document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any
respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the
applicable Issuing Bank under a Letter of Credit against presentation of a draft or other document
that does not

 

29

strictly comply with the terms of such Letter of Credit or (iv) any other event or
circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the
provisions of this Section, constitute a legal or equitable discharge of, or provide a right of
setoff against, the applicable Borrower’s obligations hereunder. None of the Agents, the Lenders,
any Issuing Bank or any of their Related Parties shall have any liability or responsibility by
reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or
failure to make any payment thereunder (irrespective of any of the circumstances referred to in the
preceding sentence), or any error, omission, interruption, loss or delay in transmission or
delivery of any draft, notice or other communication under or relating to any Letter of Credit
(including any document required to make a drawing thereunder), any error in interpretation of
technical terms or any consequence arising from causes beyond the control of such Issuing Bank;
provided that nothing in this Section shall be construed to excuse an Issuing Bank from
liability to the applicable Borrower to the extent of any direct damages (as opposed to
consequential damages, claims in respect of which are hereby waived by each Borrower to the extent
permitted by applicable law) suffered by such Borrower that are caused by such Issuing Bank’s
failure to exercise care when determining whether drafts and other documents presented under a
Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the
absence of gross negligence or willful misconduct on the part of an Issuing Bank (as finally
determined by a non-appealable judgment of a court of competent jurisdiction), such Issuing Bank
shall be deemed to have exercised care in each such determination. In furtherance of the foregoing
and without limiting the generality thereof, the parties agree that, with respect to documents
presented which appear on their face to be in substantial compliance with the terms of a Letter of
Credit, an Issuing Bank may, in its sole discretion, either accept and make payment upon such
documents without responsibility for further investigation, regardless of any notice or information
to the contrary, or refuse to accept and make payment upon such documents if such documents are not
in strict compliance with the terms of such Letter of Credit.

          (g) Disbursement Procedures. The applicable Issuing Bank shall, promptly following
its receipt thereof, examine all documents purporting to represent a demand for payment under a
Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the
applicable Borrower by telephone (confirmed by fax) of such demand for payment and whether such
Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure
to give or delay in giving such notice shall not relieve the applicable Borrower of its obligation
to reimburse such Issuing Bank and the Lenders with respect to any such LC Disbursement.

          (h) Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless
the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC
Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and
including the date such LC Disbursement is made to but excluding the date that such Borrower
reimburses such LC Disbursement at (i) in the case of any LC Disbursement denominated in US
Dollars, the rate per annum then applicable to ABR Revolving Loans and (ii) in the case of an LC
Disbursement denominated in any Alternative Currency, a rate per annum reasonably determined by the
applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent
its cost

 

30

of funds plus the Applicable Rate used to determine interest applicable to LIBOR or
EURIBOR Revolving Loans; provided that, if such Borrower fails to reimburse such LC
Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(e) shall apply.
Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing
Bank, except that interest accrued on and after the date of payment by any Lender pursuant to
paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such
Lender to the extent of such payment.

          (i) Cash Collateralization. If any Event of Default shall occur and be continuing, on
the Business Day that the Company receives notice from the Administrative Agent or the Required
Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposures
representing more than 50% of the aggregate amount of LC Exposure) demanding the deposit of cash
collateral pursuant to this paragraph, each applicable Borrower shall deposit in respect of each
outstanding Letter of Credit issued for such Borrower’s account (or, in the case of the Company,
with respect to which it is a co-applicant), in an account with the Applicable Agent, in the name
of the Applicable Agent and for the benefit of the Lenders and the applicable Issuing Bank, an
amount in cash and in the currency of such Letter of Credit equal to the portion of the LC Exposure
attributable to such Letter of Credit as of such date plus any accrued and unpaid interest thereon;
provided that the obligation to cash collateralize shall become effective immediately, and
such deposit shall become immediately due and payable, without demand or other notice of any kind,
upon the occurrence of any Event of Default with respect to the Company or any Borrower described
in clause (h) or (i) of Article VII. Each such deposit shall be held by the Applicable Agent as
collateral for the payment and performance of the obligations of the Borrowers under this
Agreement. The Applicable Agent shall have exclusive dominion and control, including the exclusive
right of withdrawal, over such account. Other than any interest earned on the investment of such
deposits, which investments shall be made at the option and sole discretion of the Applicable Agent
and at the Borrowers’ risk and expense, such deposits shall not bear interest. Interest or
profits, if any, on such investments shall accumulate in such account. Monies in such account
shall be applied by the Applicable Agent to reimburse the applicable Issuing Banks for LC
Disbursements for which they have not been reimbursed and, to the extent not so applied, shall be
held for the satisfaction of the reimbursement obligations of the Borrowers for the LC Exposure at
such time or, if the maturity of the Loans has been accelerated (but subject to the consent of
Lenders with LC Exposures representing more than 50% of the aggregate amount of LC Exposure), be
applied to satisfy other obligations of the Borrowers under this Agreement. If the Borrowers are
required to provide cash collateral hereunder as a result of the occurrence of an Event of Default,
such cash collateral (to the extent not applied as aforesaid) shall be returned to the Borrowers
within three Business Days after all Events of Default have been cured or waived.

          (j) Designation of Additional Issuing Banks. From time to time, the Company may by
notice to the Administrative Agent and the Lenders designate as additional Issuing Banks one or
more Lenders that agree to serve in such capacity as provided below. The acceptance by a Lender of
any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing
Bank Agreement”), which

 

31

shall be in a form satisfactory to the Company and the Administrative Agent, that shall set
forth the LC Commitment of such Lender and shall be executed by such Lender, the Company and the
Administrative Agent and, from and after the effective date of such agreement, (i) such Lender
shall have all the rights and obligations of an Issuing Bank under this Agreement and (ii)
references herein to the term “Issuing Bank” shall be deemed to include such Lender in its capacity
as an Issuing Bank. The Issuing Bank Agreement of any Issuing Bank may limit the currencies in
which and the Borrowers for the accounts of which such Issuing Bank will issue Letters of Credit,
and any such limitations will, as to such Issuing Bank, be deemed to be incorporated in this
Agreement.

          (k) Termination of an Issuing Bank. The Company may terminate the appointment of any
Issuing Bank as an “Issuing Bank” hereunder by providing a written notice thereof to such Issuing
Bank and the Administrative Agent. Any such termination shall become effective upon the earlier of
(i) such Issuing Bank acknowledging receipt of such notice and (ii) the 10th Business Day following
the date of the delivery thereof. At the time any such termination shall become effective, the
Company shall pay all unpaid fees accrued for the account of the terminated Issuing Bank pursuant
to Section 2.12(b). From and after the effective date of any such termination, the terminated
Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations
of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to
such replacement, but shall not issue additional Letters of Credit.

          (l) Issuing Bank Reports. Unless otherwise agreed by the Administrative Agent, each
Issuing Bank shall report in writing to the Administrative Agent (i) on or prior to each Business
Day on which such Issuing Bank issues, amends, renews or extends any Letter of Credit, the date of
such issuance, amendment, renewal or extension, and the currencies and face amounts of the Letters
of Credit issued, amended, renewed or extended by it and outstanding after giving effect to such
issuance, amendment, renewal or extension (and whether the amounts thereof shall have changed), it
being understood that such Issuing Bank shall not effect any issuance, renewal, extension or
amendment resulting in an increase in the aggregate amount of the Letters of Credit issued by it
without first obtaining written confirmation from the Administrative Agent that such increase is
then permitted under this Agreement (which confirmation, if true, shall be promptly delivered by
the Administrative Agent), (ii) on each Business Day on which such Issuing Bank makes any LC
Disbursement, the date, currency and amount of such LC Disbursement, (iii) on any Business Day on
which the applicable Borrower fails to reimburse an LC Disbursement required to be reimbursed to
such Issuing Bank on such day, the date of such failure and the currency and amount of such LC
Disbursement and (iv) on any other Business Day, such other information as the Administrative Agent
shall reasonably request as to the Letters of Credit issued by such Issuing Bank.

          (m) Backstopped Letters of Credit. Notwithstanding anything to the contrary set forth
in this Section, in the event that (i) an Issuing Bank shall have provided to the Administrative
Agent a written consent to any Letter of Credit issued by such Issuing Bank being designated as a
Backstopped Letter of Credit and (ii) the Company and the Issuing Bank shall have provided to the
Administrative Agent evidence,

 

32

satisfactory to the Administrative Agent, demonstrating that the arrangements with respect to
such Letter of Credit satisfy the requirements set forth in the definition of the term “Backstopped
Letter of Credit”, then, commencing at the effective time specified in such consent (or, if none is
specified, commencing at the time of the receipt of such consent by the Administrative Agent), such
Letter of Credit shall cease to be a Letter of Credit outstanding hereunder, and the Lenders shall
be deemed to have no participations in such Letter of Credit under paragraph (d) of this Section
and no obligations with respect to such Letter of Credit under paragraph (e) of this Section;
provided, however, that nothing in this paragraph shall affect (A) the agreements
set forth in paragraph (f) of this Section with respect to such Letter of Credit (it being agreed,
however, that the obligation of any Borrower to reimburse LC Disbursements under such Letter of
Credit, in lieu of being performed as provided in paragraph (e) of this Section, shall be performed
as provided in the applicable letter of credit application or any other agreement between such
Borrower and such Issuing Bank) or (B) the obligations of any Borrower under Sections 2.15, 2.17
and 10.03.

          SECTION 2.06. Funding of Borrowings. (a) Each Lender shall make each Loan to be made
by it hereunder on the proposed date thereof by wire transfer of immediately available funds in the
applicable currency by 1:30 p.m., Local Time, to the account of the Applicable Agent most recently
designated by it for such purpose by notice to the Lenders. The Applicable Agent will make such
Loans available to the applicable Borrower by promptly crediting the amounts so received, in like
funds, to the account designated by the Borrower in the applicable Borrowing Request or Competitive
Bid Request; provided that ABR Revolving Loans made to finance the reimbursement of an LC
Disbursement as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the
applicable Issuing Bank.

          (b) Unless the Applicable Agent shall have received notice from a Lender prior to the proposed
date of any Borrowing that such Lender will not make available to the Applicable Agent such
Lender’s share of such Borrowing, the Applicable Agent may assume that such Lender has made such
share available on such date in accordance with paragraph (a) of this Section and may, in reliance
upon such assumption, make available to the applicable Borrower a corresponding amount. In such
event, if a Lender has not in fact made its share of the applicable Borrowing available to the
Applicable Agent, then the applicable Lender and such Borrower severally agree to pay to the
Applicable Agent forthwith on demand such corresponding amount with interest thereon, for each day
from and including the date such amount is made available to such Borrower to but excluding the
date of payment to the Applicable Agent, at (i) in the case of such Lender, the rate reasonably
determined by the Applicable Agent to be the cost to it of funding such amount or (ii) in the case
of such Borrower, the interest rate applicable to the subject Loan pursuant to Section 2.13 (it
being understood that nothing in this paragraph shall require any Borrower to pay any interest in
duplication of the interest payable under such Section).

          SECTION 2.07. Interest Elections. (a) Each Revolving Borrowing initially shall be of
the Type specified in the applicable Borrowing Request and, in the case of a LIBOR Borrowing or a
EURIBOR Borrowing, shall have an initial Interest

 

33

Period as specified in such Borrowing Request. Thereafter, the applicable Borrower may elect
to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in
the case of a LIBOR Borrowing or a EURIBOR Borrowing, may elect Interest Periods therefor, all as
provided in this Section and on terms consistent with the other provisions of this Agreement. A
Borrower may elect different options with respect to different portions of an affected Revolving
Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the
Loans comprising such Borrowing and the Loans resulting from an election made with respect to any
such portion shall be considered a separate Borrowing.

          (b) To make an election pursuant to this Section, a Borrower shall notify the Applicable Agent
of such election by telephone by the time that a Borrowing Request would be required under Section
2.03 if such Borrower were requesting a Revolving Borrowing of the Type resulting from such
election to be made on the effective date of such election. Each such Interest Election Request
shall be irrevocable and shall be confirmed promptly by hand delivery or fax to the Applicable
Agent of a written Interest Election Request in a form approved by the Administrative Agent and
signed by a Financial Officer on behalf of the applicable Borrower. Notwithstanding any other
provision of this Section, a Borrower shall not be permitted to (i) change the currency of any
Borrowing, (ii) elect an Interest Period for LIBOR Loans or EURIBOR Loans that does not comply with
Section 2.02(d) or (iii) convert or continue any Competitive Borrowing.

          (c) Each telephonic and written Interest Election Request shall specify the following
information in compliance with Section 2.02:

          (i) the Borrowing to which such Interest Election Request applies and, if different
options are being elected with respect to different portions thereof, the portions thereof
to be allocated to each resulting Borrowing (in which case the information to be specified
pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing;

          (ii) the effective date of the election made pursuant to such Interest Election
Request, which shall be a Business Day;

          (iii) the Type of the resulting Borrowing; and

          (iv) if the resulting Borrowing is to be a LIBOR Borrowing or a EURIBOR Borrowing, the
Interest Period to be applicable thereto after giving effect to such election, which shall
be a period contemplated by the definition of the term “Interest Period”.

If any such Interest Election Request requests a LIBOR Revolving Borrowing or EURIBOR Revolving
Borrowing but does not specify an Interest Period, then the applicable Borrower shall be deemed to
have selected an Interest Period of one month’s duration.

 

34

          (d) Promptly following receipt of an Interest Election Request, the Applicable Agent shall
advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.

          (e) If the applicable Borrower fails to deliver a timely Interest Election Request with
respect to a LIBOR Revolving Borrowing or EURIBOR Revolving Borrowing prior to the end of the
Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at
the end of such Interest Period, (i) in the case of a LIBOR Revolving Borrowing denominated in US
Dollars, such Borrowing shall be converted to an ABR Revolving Borrowing and (ii) in the case of
any other LIBOR Revolving Borrowing or a EURIBOR Revolving Borrowing, such Borrowing shall be
continued as a Borrowing of the applicable Type for an Interest Period of one month.

          (f) Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is
continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the
Borrowers, then, so long as an Event of Default is continuing (i) no outstanding Borrowing
denominated in US Dollars may be converted to or continued as a LIBOR Borrowing and (ii) unless
repaid, each LIBOR Borrowing denominated in US Dollars shall be converted to an ABR Borrowing at
the end of the Interest Period applicable thereto.

          SECTION 2.08. Termination, Reduction and Increase of Commitments.
(a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.

          (b) The Company may at any time terminate, or from time to time reduce, the Commitments;
provided that (i) each reduction of the Commitments shall be in an amount that is an
integral multiple of US$1,000,000 and not less than US$5,000,000 and (ii) the Company shall not
terminate or reduce the Commitments if, after giving effect thereto and any concurrent prepayment
of the Loans in accordance with Section 2.11, the sum of the Revolving Credit Exposures and the
Competitive Loan Exposure would exceed the total Commitments.

          (c) The Company shall notify the Administrative Agent of any election to terminate or reduce
the Commitments under paragraph (b) of this Section at least three Business Days prior to the
effective date of such termination or reduction, specifying such election and the effective date
thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the
Lenders of the contents thereof. Each notice delivered by the Company pursuant to this Section
shall be irrevocable; provided that a notice of termination of the Commitments delivered by
the Company may state that such notice is conditioned upon the effectiveness of other credit
facilities, in which case such notice may be revoked by the Company (by notice to the
Administrative Agent on or prior to the specified effective date) if such condition is not
satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction of
the Commitments shall be made ratably among the Lenders in accordance with their respective
Commitments.

 

35

          (d) The Company may from time to time, by written notice to the Administrative Agent (which
shall promptly deliver a copy to each of the Lenders) executed by the Company and one or more
financial institutions (which may include any Lender) that are willing to extend a Commitment or,
in the case of any such financial institution that is already a Lender, to increase its Commitment
(any such financial institution referred to in this Section being called an “Increasing
Lender”), cause the total Commitments to be increased by such new or incremental Commitments of
the Increasing Lenders, in an amount for each Increasing Lender as set forth in such notice;
provided that (i) the aggregate principal amount of any increase in the total Commitments
made pursuant to this Section shall not be less than US $50,000,000 and the aggregate principal
amount of all such increases shall not exceed US$400,000,000, (ii) each Increasing Lender, if not
already a Lender hereunder, shall be subject to the prior written approval of the Company, the
Administrative Agent and each of the Issuing Banks (which approval shall not be unreasonably
withheld or delayed) and (iii) each Increasing Lender, if not already a Lender hereunder, shall
become a party to this Agreement by completing and delivering to the Administrative Agent a duly
executed Accession Agreement. New Commitments and increases in Commitments created pursuant to
this Section shall become effective (A) in the case of an Increasing Lender already a Lender under
this Agreement, on the date specified in the applicable notice delivered pursuant to this Section
and (B) in the case of an Increasing Lender not already a Lender under this Agreement, on the
effective date of the applicable Accession Agreement. Upon the effectiveness of any Accession
Agreement to which any Increasing Lender is a party, such Increasing Lender shall thereafter be
deemed to be a party to this Agreement and shall be entitled to all rights, benefits and privileges
accorded a Lender hereunder and subject to all obligations of a Lender hereunder. Upon the
effectiveness of any increase pursuant to this Section in the Commitment of a Lender already a
party hereto, Schedule 2.01 shall be deemed to have been amended to reflect the increased
Commitment of such Lender. Notwithstanding the foregoing, no increase in the aggregate Commitments
(or in the Commitment of any Lender) shall become effective under this Section unless (i) the
Administrative Agent shall have received documents consistent with those delivered under paragraphs
(b) and (c) of Section 4.01 as to the corporate power and authority of the Borrowers to borrow
hereunder after giving effect to such increase and (ii) on the date of such increase, the
conditions set forth in paragraphs (a) and (b) of Section 4.02 shall be satisfied (with all
references in such paragraphs to a Borrowing being deemed to be references to such increase and
without giving effect to the parenthetical in Section 4.02(a)) and the Administrative Agent shall
have received a certificate to that effect dated such date and executed by a Financial Officer of
the Company. Following any extension of a new Commitment or increase of a Lender’s Commitment
pursuant to this paragraph, any Loans outstanding prior to the effectiveness of such increase or
extension shall continue outstanding until the ends of the respective Interests Periods applicable
thereto, and shall then be repaid and, if the Borrowers shall so elect, refinanced with new
Revolving Loans made pursuant to Section 2.01(a) ratably in accordance with the Commitments in
effect following such extension or increase.

          SECTION 2.09. Extension of Maturity Date. The Company may, by delivery of a Maturity
Date Extension Request to the Administrative Agent (which shall

 

36

promptly deliver a copy to each of
the Lenders) not less than 45 days and not more than
85 days prior to any anniversary of the Effective Date, request that the Lenders extend the
Maturity Date for an additional period of one year; provided that there shall be no more
than two extensions of the Maturity Date pursuant to this Section. Each Lender shall, by notice to
the Company and the Administrative Agent given not later than the 20th day after the date of the
Administrative Agent’s receipt of the Company’s Maturity Date Extension Request, advise the Company
whether or not it agrees to the requested extension (each Lender agreeing to a requested extension
being called a “Consenting Lender”, and each Lender declining to agree to a requested
extension being called a “Declining Lender”). Any Lender that has not so advised the
Company and the Administrative Agent by such day shall be deemed to have declined to agree to such
extension and shall be a Declining Lender. If Lenders constituting the Required Lenders shall have
agreed to a Maturity Date Extension Request, then the Maturity Date shall, as to the Consenting
Lenders, be extended to the first anniversary of the Maturity Date theretofore in effect. The
decision to agree or withhold agreement to any Maturity Date Extension Request shall be at the sole
discretion of each Lender. The Commitment of any Declining Lender shall terminate on the Maturity
Date in effect prior to giving effect to any such extension (such Maturity Date being called the
“Existing Maturity Date”). The principal amount of any outstanding Loans made by Declining
Lenders, together with any accrued interest thereon and any accrued fees and other amounts payable
to or for the account of such Declining Lenders hereunder, shall be due and payable on the Existing
Maturity Date, and on the Existing Maturity Date the Borrowers shall also make such other
prepayments of their Loans pursuant to Section 2.11 as shall be required in order that, after
giving effect to the termination of the Commitments of, and all payments to, Declining Lenders
pursuant to this sentence, the sum of the Revolving Credit Exposures plus the Competitive Loan
Exposure would not exceed the total Commitments. Notwithstanding the foregoing provisions of this
paragraph, the Company shall have the right, pursuant to Section 2.19(b), at any time prior to the
Existing Maturity Date, to replace a Declining Lender with a Lender or other financial institution
that will agree to the applicable Maturity Date Extension Request, and any such replacement Lender
shall for all purposes constitute a Consenting Lender. Notwithstanding the foregoing, no extension
of the Maturity Date pursuant to this paragraph shall become effective unless on the anniversary of
the Effective Date that immediately follows the date on which the Company delivers the applicable
Maturity Date Extension Request, the conditions set forth in Section 4.02 shall be satisfied
(without giving effect to the parenthetical in Section 4.02(a)) and the Administrative Agent shall
have received a certificate to that effect dated such date and executed by a Financial Officer of
the Company.

          SECTION 2.10. Repayment of Loans; Evidence of Debt. (a) Each Borrower hereby
unconditionally promises to pay to the Applicable Agent for the account of each Lender (i) the then
unpaid principal amount of each Revolving Loan made to such Borrower on the Maturity Date, and (ii)
the then unpaid principal amount of each Competitive Loan on the last day of the Interest Period
applicable to such Loan.

          (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of each Borrower to such Lender

 

37

resulting from each Loan made by such Lender, including the amounts of principal and interest
payable and paid to such Lender from time to time hereunder.

          (c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount
of each Loan made hereunder, the Class and Type thereof and the Interest Period applicable thereto,
(ii) the amount of any principal or interest due and payable or to become due and payable from each
Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative
Agent hereunder for the account of the Lenders and each Lender’s share thereof.

          (d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this
Section shall be prima facie evidence of the existence and amounts of the obligations
recorded therein absent manifest error; provided that the failure of any Lender or the
Administrative Agent to maintain such accounts or any error therein shall not in any manner affect
the obligation of any Borrower to repay the Loans in accordance with the terms of this Agreement.

          (e) Any Lender may request that Loans made by it be evidenced by a promissory note. In such
event, each Borrower shall prepare, execute and deliver to such Lender a promissory note payable to
the order of such Lender (or, if requested by such Lender, to such Lender and its registered
assigns) and in a form approved by the Company and the Administrative Agent. Thereafter, the Loans
evidenced by such promissory note and interest thereon shall at all times (including after
assignment pursuant to Section 10.04) be represented by one or more promissory notes in such form
payable to the order of the payee named therein (or, if such promissory note is a registered note,
to such payee and its registered assigns).

          SECTION 2.11. Prepayment of Loans. (a) Any Borrower shall have the right at any time
and from time to time to prepay any Borrowing of such Borrower in whole or in part, subject to
prior notice in accordance with paragraph (d) of this Section; provided that the Borrowers
shall not have the right to prepay any Competitive Loan without the prior consent of the Lender
thereof.

          (b) If the sum of the Revolving Credit Exposures and the Competitive Loan Exposures shall
exceed the aggregate Commitments, then (i) if any Revolving Borrowings are outstanding, (A) on the
last day of any Interest Period for any LIBOR Revolving Borrowing or EURIBOR Revolving Borrowing
and (B) on each other day on which any ABR Revolving Borrowing shall be outstanding, the applicable
Borrowers shall prepay Revolving Loans in an aggregate amount equal to the lesser of (x) the amount
necessary to eliminate such excess (after giving effect to any other prepayment of Loans on such
day) and (y) the amount of the applicable Revolving Borrowings referred to in clause (A) or (B), as
applicable, and (ii) if no Revolving Borrowings are outstanding, deposit cash collateral in an
account with the Administrative Agent pursuant to Section 2.05(i) in an aggregate amount equal to
the lesser of (A) the amount equal to such excess and (B) the aggregate amount of the LC Exposures.
If the sum of the Revolving Credit Exposures and the Competitive Loan Exposures on the last day of
any month shall exceed 105% of the aggregate Commitments, then the applicable Borrowers

 

38

shall, not later than the next Business Day, prepay one or more Revolving Borrowings (and, if
no Revolving Borrowings are outstanding, deposit cash collateral in an account with the
Administrative Agent pursuant to Section 2.05(i)) in an aggregate amount equal to the lesser of (1)
the amount necessary to eliminate such excess and (2) the aggregate amount of the Revolving Credit
Exposures.

          (c) Prior to any optional or mandatory prepayment of Borrowings hereunder, the Borrowers shall
select the Borrowing or Borrowings to be prepaid and shall specify such selection in the notice of
such prepayment pursuant to paragraph (d) of this Section.

          (d) The applicable Borrower shall notify the Applicable Agent by a written notice signed by a
Financial Officer on behalf of the applicable Borrower of any prepayment of a Borrowing hereunder
(i) in the case of a LIBOR Borrowing denominated in US Dollars, not later than 12:00 noon, Local
Time, three Business Days before the date of such prepayment (or, in the case of a prepayment under
paragraph (b) above, as soon thereafter as practicable), (ii) in the case of a LIBOR Borrowing
denominated in an Alternative Currency or a EURIBOR Borrowing, not later than 12:00 noon, Local
Time, three Business days before the date of such prepayment (or, in the case of a prepayment under
paragraph (b) above, as soon thereafter as practicable) and (iii) in the case of an ABR Borrowing,
not later than 12:00 noon, Local Time, on the date of such prepayment. Each such notice shall be
irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or
portion thereof to be prepaid; provided that, if a notice of optional prepayment is given
in connection with a conditional notice of termination of the Commitments as contemplated by
Section 2.08(c), then such notice of prepayment may be revoked if such notice of termination is
revoked in accordance with Section 2.08(c). Promptly following receipt of any such notice, the
Applicable Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any
Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of
the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably
to the Loans included in the prepaid Borrowing.

          SECTION 2.12. Fees. (a) The Company agrees to pay to the Administrative Agent for
the account of each Lender a facility fee, which shall accrue at the Applicable Rate on the daily
amount of the Commitment of such Lender (whether used or unused) during the period from and
including the Effective Date to but excluding the date on which such Commitment terminates;
provided that if such Lender continues to have any Revolving Credit Exposure after its
Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such
Lender’s Revolving Credit Exposure from and including the date on which its Commitment terminates
to but excluding the date on which such Lender ceases to have any Revolving Credit Exposure.
Accrued facility fees shall be payable in arrears on the last day of March, June, September and
December of each year, commencing on the first such date to occur after the Effective Date, and on
the date on which the Commitments shall have terminated and the Lenders shall have no Revolving
Credit Exposure. All facility fees shall be computed

 

39

on the basis of a year of 360 days and shall be payable for the actual number of days elapsed
(including the first day but excluding the last day).

          (b) The Company agrees to pay (i) to the Administrative Agent for the account of each Lender a
participation fee with respect to its participations in Letters of Credit, which shall accrue at
the same Applicable Rate used to determine the interest rate applicable to LIBOR and EURIBOR
Revolving Loans on the average daily amount of such Lender’s LC Exposure (excluding any portion
thereof attributable to unreimbursed LC Disbursements) during the period from and including the
Effective Date to but excluding the later of the date on which such Lender’s Commitment terminates
and the date on which such Lender ceases to have any LC Exposure, and (ii) to each Issuing Bank a
fronting fee, which shall accrue at the rate or rates per annum separately agreed upon between the
Company and such Issuing Bank on the average daily amount of the LC Exposure attributable to
Letters of Credit issued by such Issuing Bank (excluding any portion thereof attributable to
unreimbursed LC Disbursements) during the period from and including the Effective Date to but
excluding the later of the date of termination of the Commitments and the date on which there
ceases to be any LC Exposure, as well as such Issuing Bank’s standard fees with respect to the
issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings
thereunder. Participation fees and fronting fees accrued through and including the last day of
March, June, September and December of each year shall be payable on the third Business Day
following such last day, commencing on the first such date to occur after the Effective Date;
provided that all such fees shall be payable on the date on which the Commitments terminate
and any such fees accruing after the date on which the Commitments terminate shall be payable on
demand. Any other fees payable to the Issuing Bank pursuant to this paragraph shall be payable
within 10 days after demand. All participation fees and fronting fees shall be computed on the
basis of a year of 360 days and shall be payable for the actual number of days elapsed (including
the first day but excluding the last day).

          (c) The Company agrees to pay to the Administrative Agent, for its own account, fees payable
in the amounts and at the times separately agreed upon between the Company and the Administrative
Agent.

          (d) All fees payable hereunder shall be paid on the dates due, in immediately available funds,
to the Administrative Agent (or to the Issuing Banks, in the case of fees payable to it) for
distribution to the Persons entitled thereto. Fees paid shall not be refundable under any
circumstances.

          SECTION 2.13. Interest. (a) The Loans comprising each ABR Borrowing shall bear
interest at the Alternate Base Rate.

          (b) The Loans comprising each LIBOR Borrowing shall bear interest (i) in the case of a LIBOR
Revolving Loan, at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus
the Applicable Rate, or (ii) in the case of a LIBOR Competitive Loan, at the LIBO Rate for the
Interest Period in effect for such Borrowing plus (or minus, as applicable) the Margin applicable
to such Loan.

 

40

          (c) The Revolving Loans comprising each EURIBOR Revolving Borrowing shall bear interest at the
Adjusted EURIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.

          (d) Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan.

          (e) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or
other amount payable by any Borrower hereunder is not paid when due, whether at stated maturity,
upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before
judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% per
annum plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of
this Section or (ii) in the case of any other amount, 2% per annum plus the rate applicable to ABR
Loans as provided in paragraph (a) of this Section.

          (f) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date
for such Loan and, in the case of Revolving Loans, upon termination of the Commitments;
provided that (i) interest accrued pursuant to paragraph (e) of this Section shall be
payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a
prepayment of an ABR Revolving Loan prior to the end of the Availability Period), accrued interest
on the principal amount repaid or prepaid shall be payable on the date of such repayment or
prepayment and (iii) in the event of any conversion of any LIBOR Revolving Loan prior to the end of
the current Interest Period therefor, accrued interest on such Loan shall be payable on the
effective date of such conversion. All interest shall be payable in the currency in which the
applicable Loan is denominated.

          (g) All interest hereunder shall be computed on the basis of a year of 360 days, except that
(i) interest on Borrowings denominated in Sterling and (ii) interest computed by reference to the
Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be
computed on the basis of a year of 365 days (or, in the case of ABR Borrowings, 366 days in a leap
year), and in each case shall be payable for the actual number of days elapsed (including the first
day but excluding the last day). The applicable Adjusted LIBO Rate, Adjusted EURIBO Rate or
Alternate Base Rate shall be determined by the Applicable Agent, and such determination shall be
conclusive absent manifest error.

          SECTION 2.14. Alternate Rate of Interest. If prior to the commencement of any
Interest Period for a LIBOR Borrowing or a EURIBOR Borrowing:

          (a) the Applicable Agent determines (which determination shall be conclusive absent manifest
error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or
the Adjusted EURIBO Rate, as the case may be, for such Interest Period; or

 

41

          (b) the Applicable Agent is advised by a majority in interest of the Lenders that the Adjusted
LIBO Rate or Adjusted EURIBO Rate, as the case may be, for such Interest Period will not adequately
and fairly reflect the cost to such Lenders of making or maintaining the Loans included in such
Borrowing for such Interest Period;

then the Applicable Agent shall give notice thereof to the applicable Borrower and the Lenders by
telephone or fax as promptly as practicable thereafter and, until the Applicable Agent notifies the
applicable Borrower and the Lenders that the circumstances giving rise to such notice no longer
exist, (i) any Interest Election Request that requests the conversion of any Revolving Borrowing
to, or continuation of any Revolving Borrowing as, an affected LIBOR Borrowing or EURIBOR
Borrowing, as the case may be, shall be ineffective, (ii) any affected LIBOR Borrowing or EURIBOR
Borrowing that is requested to be continued shall (A) if denominated in US Dollars, be continued as
an ABR Borrowing, or (B) otherwise, be repaid on the last day of the then current Interest Period
applicable thereto and (iii) any Borrowing Request for an affected LIBOR Borrowing or EURIBOR
Borrowing, and any request for a Competitive Borrowing bearing interest determined by reference to
the LIBO Rate, shall (A) in the case of a Revolving Borrowing denominated in US Dollars, be deemed
a request for an ABR Borrowing, or (B) in all other cases, be ineffective.

          SECTION 2.15. Increased Costs. (a) If any Change in Law shall:

          (i) impose, modify or deem applicable any reserve, special deposit or similar
requirement against assets of, deposits with or for the account of or credit extended by,
any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate or the
Adjusted EURIBO Rate) or any Issuing Bank; or

          (ii) impose on any Lender, any Issuing Bank or the London or European interbank market
any other condition affecting this Agreement or LIBOR Loans, EURIBOR Loans or Competitive
Loans or any Letter of Credit or participations therein;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any LIBOR Loan, EURIBOR Loan or Competitive Loan (or of maintaining its obligation to
make any such Loan) or to increase the cost to such Lender or Issuing Bank of participating in,
issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or
receivable by such Lender or Issuing Bank hereunder (whether of principal, interest or otherwise),
then the applicable Borrower will pay to such Lender or Issuing Bank, as the case may be, such
additional amount or amounts as will compensate such Lender or Issuing Bank, as the case may be,
for such additional costs incurred or reduction suffered.

          (b) If any Lender or Issuing Bank determines in good faith that any Change in Law regarding
capital requirements has or would have the effect of reducing the rate of return on such Lender’s
or Issuing Bank’s capital or on the capital of such Lender’s or Issuing Bank’s holding company, if
any, as a consequence of this Agreement or the Loans made by, or participations in Letters of
Credit held by, such Lender, or the

 

42

Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or
Issuing Bank or such Lender’s or Issuing Bank’s holding company could have achieved but for such
Change in Law (taking into consideration such Lender’s or Issuing Bank’s policies and the policies
of such Lender’s or Issuing Bank’s holding company with respect to capital adequacy), then from
time to time the applicable Borrower will pay to such Lender or Issuing Bank, as the case may be,
such additional amount or amounts as will compensate such Lender or Issuing Bank or such Lender’s
or Issuing Bank’s holding company for any such reduction suffered.

          (c) If the cost to any Lender of making or maintaining any Loan or the cost to any Lender or
any Issuing Bank of participating in, issuing or maintaining any Letter of Credit to a Borrowing
Subsidiary is increased (or the amount of any sum received or receivable by any Lender or any
Issuing Bank (or its applicable lending office) is reduced) by an amount deemed in good faith by
such Lender or such Issuing Bank, as the case may be, to be material, by reason of the fact that
such Borrowing Subsidiary is incorporated in, has its principal place of business in, or borrows
from, a jurisdiction outside the United States or the United Kingdom, such Borrowing Subsidiary
shall indemnify such Lender or such Issuing Bank from time to time for such increased cost or
reduction.

          (d) A certificate of a Lender or Issuing Bank setting forth the amount or amounts necessary to
compensate such Lender or Issuing Bank or its holding company, as the case may be, as specified in
paragraph (a), (b) or (c) of this Section and the manner in which such amount or amounts have been
determined, shall be delivered to the Company and shall be conclusive absent manifest error. The
Company shall pay or cause the applicable Borrower to pay such Lender or Issuing Bank, as the case
may be, the amount shown as due on any such certificate within 10 days after receipt thereof.

          (e) Failure or delay on the part of any Lender or Issuing Bank to demand compensation pursuant
to this Section shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand
such compensation; provided that the applicable Borrower shall not be required to
compensate a Lender or Issuing Bank pursuant to this Section for any increased costs or reductions
incurred more than 120 days prior to the date that such Lender or Issuing Bank, as the case may be,
notifies the Company of the Change in Law or other circumstance giving rise to such increased costs
or reductions and of such Lender’s or Issuing Bank’s intention to claim compensation therefor;
provided further that, if the Change in Law or other circumstance giving rise to such
increased costs or reductions is retroactive, then the 120-day period referred to above shall be
extended to include the period of retroactive effect thereof.

          (f) The foregoing provisions of this Section shall not apply to Taxes, which shall be governed
solely by Section 2.17.

          (g) Notwithstanding the foregoing provisions of this Section, a Lender shall not be entitled
to compensation pursuant to this Section in respect of any Competitive Loan if the Change in Law
that would otherwise entitle it to such

 

43

compensation shall have been publicly announced prior to submission of the Competitive Bid
pursuant to which such Loan was made.

          SECTION 2.16. Break Funding Payments. In the event of (a) the payment of any
principal of any LIBOR Loan, EURIBOR Loan or Fixed Rate Loan other than on the last day of an
Interest Period applicable thereto (including as a result of an Event of Default or an optional
prepayment of Loans), (b) the conversion of any LIBOR Loan or EURIBOR Loan other than on the last
day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or
prepay any Revolving Loan on the date or in the amount specified in any notice delivered pursuant
hereto, (d) the failure to borrow any Competitive Loan after accepting the Competitive Bid to make
such Loan, or (e) the assignment of any LIBOR Loan, EURIBOR Loan or Fixed Rate Loan other than on
the last day of the Interest Period applicable thereto as a result of a request by the Company
pursuant to Section 2.19, then, in any such event, the applicable Borrower shall compensate each
Lender for the loss, cost and expense (but not for any anticipated profits) attributable to such
event including, to the extent that any of the foregoing Loans are denominated in any Alternative
Currency, the actual costs and expenses of such Lender attributable to the premature unwinding of
any hedging agreement entered into by such Lender in respect to the foreign currency exposure
attributable to such Loan. In the case of a LIBOR Loan or EURIBOR Loan, such loss, cost or expense
to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if
any, of (i) the amount of interest which would have accrued on the principal amount of such Loan
had such event not occurred, at the Adjusted LIBO Rate, LIBO Rate or Adjusted EURIBO Rate that
would have been applicable to such Loan (and, for avoidance of doubt, without giving effect to any
Applicable Rate or Margin that would otherwise have been applicable thereto), for the period from
the date of such event to the last day of the then current Interest Period therefor (or, in the
case of a failure to borrow, convert or continue, for the period that would have been the Interest
Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount
for such period at the interest rate which such Lender would bid were it to bid, at the
commencement of such period, for deposits in the applicable currency of a comparable amount and
period from other banks in the London or European market. A certificate of any Lender setting
forth any amount or amounts that such Lender is entitled to receive pursuant to this Section shall
be delivered to the applicable Borrower and shall be conclusive absent manifest error. The
applicable Borrower shall pay such Lender the amount shown as due on any such certificate within 10
days after receipt thereof.

          SECTION 2.17. Taxes. (a) Any and all payments by or on account of any obligation of
any Credit Party hereunder shall be made free and clear of and without deduction for any
Indemnified Taxes or Other Taxes; provided that if any Borrower shall be required to deduct
any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable shall be
increased as necessary so that after making all required deductions (including deductions
applicable to additional sums payable under this Section) the applicable Agent, the applicable
Lender or the applicable Issuing Bank (as the case may be) receives an amount equal to the sum it
would have received had no such deductions been made, (ii) such Borrower shall make such deductions
and (iii) such

 

44

Borrower shall pay the full amount deducted to the relevant Governmental Authority in
accordance with applicable law.

          (b) In addition, the Borrowers shall pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law.

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

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

          (e) Any Lender that is entitled to an exemption from or reduction of withholding tax under the
law of the jurisdiction in which any Borrower is resident or located, or any treaty to which such
jurisdiction is a party, with respect to payments under this Agreement shall deliver to the Company
(with a copy to the Administrative Agent), at the time or times prescribed by applicable law, such
properly completed and executed documentation prescribed by applicable law or reasonably requested
by the Company as will permit such payments to be made without withholding or at a reduced rate;
provided that such Lender has received written notice from the Company advising it of the
availability of such exemption or reduction and containing all applicable documentation (together,
if requested by such Lender, with a certified English translation thereof). Each Lender shall
promptly notify the Company at any time it determines that it is no longer in a position to provide
any such previously delivered documentation to the Company.

          SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) Each
Borrower shall make each payment required to be made by it hereunder (whether of principal,
interest, fees or reimbursement of LC Disbursements or otherwise) prior to the time required
hereunder for such payment or, if no such time is expressly required, prior to 1:00 p.m., Local
Time, on the date when due, in immediately available funds, without set-off or counterclaim. Any
amounts received after such time on any date may, in the discretion of the Applicable Agent, be
deemed to have been received on the next succeeding Business Day for purposes of calculating
interest

 

45

thereon. All such payments shall be made to the Applicable Agent for the account of the
applicable Lenders to such account as the Applicable Agent shall from time to time specify in one
or more notices delivered to the Company, except that payments to be made directly to an Issuing
Bank as provided herein shall be made directly to such Issuing Bank and payments pursuant to
Sections 2.15, 2.16, 2.17 and 10.03 shall be made directly to the Persons entitled thereto. The
Applicable Agent shall distribute any such payments received by it for the account of any other
Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder
shall be due on a day that is not a Business Day, the date for payment shall be extended to the
next succeeding Business Day and, in the case of any payment accruing interest, interest thereon
shall be payable for the period of such extension. All payments hereunder of principal or interest
in respect of any Loan or LC Disbursement shall, except as otherwise expressly provided herein, be
made in the currency of such Loan or LC Disbursement; all other payments hereunder and under each
other Loan Document shall be made in US Dollars. Any payment required to be made by any Agent
hereunder shall be deemed to have been made by the time required if such Agent shall, at or before
such time, have taken the necessary steps to make such payment in accordance with the regulations
or operating procedures of the clearing or settlement system used by such Agent to make such
payment.

          (b) If at any time insufficient funds are received by and available to the Agents to pay fully
all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such
funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably
among the parties entitled thereto in accordance with the amounts of interest and fees then due to
such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then
due hereunder, ratably among the parties entitled thereto in accordance with the amounts of
principal and unreimbursed LC Disbursements then due to such parties.

          (c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Revolving Loans or
participations in LC Disbursements resulting in such Lender receiving payment of a greater
proportion of the aggregate amount of its Revolving Loans and participations in LC Disbursements
and accrued interest thereon than the proportion received by any other Lender, then the Lender
receiving such greater proportion shall purchase (for cash at face value) participations in the
Revolving Loans and participations in LC Disbursements to the extent necessary so that the benefit
of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount
of principal of and accrued interest on their respective Revolving Loans and participations in LC
Disbursements; provided that (i) if any such participations are purchased and all or any
portion of the payment giving rise thereto is recovered, such participations shall be rescinded and
the purchase price restored to the extent of such recovery, without interest, and (ii) the
provisions of this paragraph shall not be construed to apply to any payment made by any Borrower
pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a
Lender as consideration for the assignment of or sale of a participation in any of its Loans or
participations in LC Disbursements to any assignee or participant, other than to the Company or any
Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply).

 

46

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

          (d) Unless an Agent shall have received notice from a Borrower prior to the date on which any
payment is due to such Agent for the account of any Lenders or Issuing Bank hereunder that the such
Borrower will not make such payment, such Agent may assume that such Borrower has made such payment
on such date in accordance herewith and may, in reliance upon such assumption, distribute to the
applicable Lenders or Issuing Bank, as the case may be, the amount due. In such event, if such
Borrower has not in fact made such payment, then each applicable Lender or Issuing Bank, as the
case may be, severally agrees to repay to such Agent forthwith on demand the amount so distributed
to such Lender or Issuing Bank with interest thereon, for each day from and including the date such
amount is distributed to it to but excluding the date of payment to such Agent, at a rate
determined by such Agent in accordance with banking industry rules on interbank compensation.

          (e) If any Lender shall fail to make any payment required to be made by it pursuant to Section
2.05(e), 2.06(b) or 2.18(d), then the Administrative Agent may, in its discretion (notwithstanding
any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent
for the account of such Lender to satisfy such Lender’s obligations under such Sections until all
such unsatisfied obligations are fully paid.

          SECTION 2.19. Mitigation Obligations; Replacement of Lenders. (a) If any Lender
requests compensation under Section 2.15, or if any Credit Party is required to pay any additional
amount to any Lender or any Governmental Authority for the account of any Lender pursuant to
Section 2.17, then such Lender shall use reasonable efforts to designate a different lending office
for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to
another of its offices, branches or affiliates, if, in the judgment of such Lender, such
designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.15 or
2.17, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed
cost or expense and would not otherwise be disadvantageous to such Lender. The Company hereby
agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such
designation or assignment.

          (b) If any Lender requests compensation under Section 2.15, or if any Credit Party is required
to pay any additional amount to any Lender or any Governmental Authority for the account of any
Lender pursuant to Section 2.17 or if any Lender is a Defaulting Lender or a Declining Lender, then
the Company may, at its sole expense and effort, upon notice to such Lender and the Administrative
Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject
to the restrictions contained in Section 10.04), all its interests, rights and obligations under
this Agreement (other than any outstanding Competitive Loans held by it) to an assignee that shall

 

47

assume such obligations (which assignee may be another Lender, if a Lender accepts such
assignment); provided that (i) the Company shall have received the prior written consent of
the Administrative Agent and each Issuing Bank, which consent, in each case, shall not unreasonably
be withheld, (ii) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans (other than Competitive Loans) and participations in LC Disbursements,
accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the
assignee (to the extent of such outstanding principal and accrued interest and fees) or the Company
(in the case of all other amounts), (iii) in the case of any such assignment resulting from a claim
for compensation under Section 2.15 or payments required to be made pursuant to Section 2.17, such
assignment will result in a reduction in such compensation or payments and (iv) in the case of any
such assignment resulting from a Lender being a Declining Lender, the assignee shall have agreed to
the applicable Maturity Date Extension Request. A Lender shall not be required to make any such
assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise,
the circumstances entitling the Company to require such assignment and delegation cease to apply.

          SECTION 2.20. Designation of Borrowing Subsidiaries. The Company may at any time and
from time to time designate any Subsidiary as a Borrowing Subsidiary by delivery to the
Administrative Agent of a Borrowing Subsidiary Agreement executed by such Subsidiary and the
Company, and upon such delivery such Subsidiary shall for all purposes of this Agreement be a
Borrowing Subsidiary and a party to this Agreement until the Company shall have executed and
delivered to the Administrative Agent a Borrowing Subsidiary Termination with respect to such
Subsidiary, whereupon such Subsidiary shall cease to be a Borrowing Subsidiary and a party to this
Agreement. Notwithstanding the preceding sentence, no Borrowing Subsidiary Termination will become
effective as to any Borrowing Subsidiary at a time when any principal of or interest on any Loan to
or any Letter of Credit issued for the account of such Borrowing Subsidiary shall be outstanding
hereunder; provided that such Borrowing Subsidiary Termination shall be effective to
terminate the right of such Borrowing Subsidiary to make further Borrowings under this Agreement.
As soon as practicable upon receipt of a Borrowing Subsidiary Agreement, the Administrative Agent
shall send a copy thereof to each Lender.

ARTICLE III

Representations and Warranties

          The Company and each other Borrower represents and warrants to the Lenders and the Issuing
Banks that:

          SECTION 3.01. Organization; Powers. Each of the Company and its Significant
Subsidiaries is duly organized, validly existing and in good standing (to the extent such concept
is recognized in the jurisdiction of organization thereof) under the laws of the jurisdiction of
its organization, has all requisite power and authority to carry

 

48

on its business as now conducted
and, except where the failure to do so, individually or in
the aggregate, would not reasonably be expected to result in a Material Adverse Effect, is
qualified to do business in, and is in good standing in, every jurisdiction where such
qualification is required.

          SECTION 3.02. Authorization; Enforceability. The Transactions are within each Credit
Party’s corporate powers and have been duly authorized by all necessary corporate and, if required,
stockholder action. This Agreement has been duly executed and delivered by each Credit Party and
constitutes a legal, valid and binding obligation of each Credit Party, enforceable in accordance
with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other
laws affecting creditors’ rights generally and subject to general principles of equity, regardless
of whether considered in a proceeding in equity or at law.

          SECTION 3.03. Governmental Approvals; No Conflicts. The Transactions (a) do not
require any consent or approval of, registration or filing with, or any other action by, any
Governmental Authority, except such as have been obtained or made and are in full force and effect,
(b) will not violate the charter, by-laws or other organizational documents of the Company or any
of its Subsidiaries, (c) will not violate any applicable law, rule or regulation or any order of
any Governmental Authority, (d) will not violate or result in a default under any indenture,
agreement or other instrument binding upon the Company or any of its Subsidiaries or its assets, or
give rise to a right thereunder to require any payment to be made by the Company or any of its
Subsidiaries, and (e) will not result in the creation or imposition of any Lien on any asset of the
Company or any of its Subsidiaries pursuant to the terms of any indenture, agreement or other
instrument binding on the Company or any of its Subsidiaries, except in each case (other than in
the case of clause (b)), where the absence of such consent or approval, or the failure to make such
registration or filing, or take such other action, or such violation, default, payment or Lien
would not, individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect.

          SECTION 3.04. Financial Condition; No Material Adverse Change.
(a) The Company has heretofore furnished to the Lenders its consolidated balance sheets and
statements of income, stockholders equity and cash flows (i) as of the end of and for the fiscal
year ended April 30, 2006, reported on by PricewaterhouseCoopers LLP, independent public
accountants, and (ii) as of the end of and for the fiscal quarters ended July 31, 2006, October 31,
2006, and January 31, 2007, certified by a Financial Officer of the Company. Such financial
statements present fairly, in all material respects, the financial position and results of
operations and cash flows of the Company and its consolidated Subsidiaries as of such dates and for
such periods in accordance with GAAP, subject, in the case of such quarterly financial statements,
to normal year-end adjustments and the absence of footnotes.

          (b) Since April 30, 2006, through the date of this Agreement, there has been no material
adverse change in the business, assets, liabilities, condition, financial or otherwise, or material
agreements of the Company and its Subsidiaries, taken as a whole.

 

49

          SECTION 3.05. Litigation and Environmental Matters. (a) There are no actions, suits
or proceedings by or before any arbitrator or Governmental Authority pending against or, to the
knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries
(i) as to which there is a reasonable probability of an adverse determination and that, if
adversely determined, would reasonably be expected, individually or in the aggregate, to result in
a Material Adverse Effect (other than the Disclosed Matters) or (ii) that involve this Agreement or
the Transactions.

          (b) Except for the Disclosed Matters and except with respect to any other matters that,
individually or in the aggregate, would not reasonably be expected to result in a Material Adverse
Effect, neither the Company nor any of its Subsidiaries (i) has failed to comply with any
Environmental Law or to obtain, maintain or comply with any permit, license or other approval
required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii)
has received notice of any claim with respect to any Environmental Liability or (iv) knows of any
basis for any Environmental Liability.

          SECTION 3.06. Compliance with Laws and Agreements. Each of the Company and its
Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority
applicable to it or its property and all indentures, agreements and other instruments binding upon
it or its property, except where the failure to do so, individually or in the aggregate, has not
resulted and would not reasonably be expected to result in a Material Adverse Effect. No Default
has occurred and is continuing.

          SECTION 3.07. Investment Company Status. Neither the Company nor any of its
Subsidiaries is an “investment company” as defined in, or subject to regulation under, the
Investment Company Act of 1940.

          SECTION 3.08. Taxes. The Company and its Subsidiaries have timely filed or caused to
be filed all Tax returns and reports required to have been filed and have paid or caused to be paid
all Taxes required to have been paid by them pursuant to said Tax returns or pursuant to any
assessment received by them, except (a) any Taxes that are being contested in good faith by
appropriate proceedings and for which the Company or such Subsidiary, as applicable, has set aside
on its books adequate reserves or (b) to the extent that the failure to do so would not,
individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.

          SECTION 3.09. ERISA. No ERISA Event has occurred or is reasonably expected to occur
that, when taken together with all other such ERISA Events for which liability is reasonably
expected to occur, would reasonably be expected to result in a Material Adverse Effect.

          SECTION 3.10. Disclosure. Neither the Information Memorandum nor any of the other
reports, financial statements, certificates or other information (taken as a whole) furnished by or
on behalf of the Borrowers to any Agent or any Lender in connection with the negotiation of this
Agreement or delivered hereunder (as modified or

 

50

supplemented by other information so furnished) contains any material misstatement of fact or
omits to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided that, with respect to
projected financial information, the Borrowers represent only that such information was prepared in
good faith based upon assumptions believed to be reasonable at the time.

ARTICLE IV

Conditions

          SECTION 4.01. Effective Date. The obligations of the Lenders to make Loans and of the
Issuing Banks to issue Letters of Credit hereunder shall not become effective until the date on
which each of the following conditions is satisfied (or waived in accordance with Section 10.02):

          (a) The Administrative Agent (or its counsel) shall have received from each party hereto
either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence
satisfactory to the Administrative Agent (which may include facsimile or other electronic image
scan transmission of a signed signature page of this Agreement) that such party has signed a
counterpart of this Agreement.

          (b) The Administrative Agent shall have received favorable written opinions (addressed to the
Agents and the Lenders and dated the Effective Date) of Bass, Berry & Sims PLC, counsel for the
Borrowers, and Lovells, English counsel for Brown-Forman Beverages, Europe, Ltd., substantially in
the forms of Exhibits B-1 and B-2, respectively, and covering such other matters relating to the
Borrowers, this Agreement or the Transactions as the Required Lenders shall reasonably request.
The Borrowers hereby request such counsel to deliver such opinion.

          (c) The Administrative Agent shall have received such documents and certificates as the
Administrative Agent or its counsel may reasonably request relating to the organization, existence
and good standing of the Borrowers, the authorization of the Transactions and any other legal
matters relating to the Borrowers, this Agreement or the Transactions, all in form and substance
satisfactory to the Administrative Agent and its counsel.

          (d) The Administrative Agent shall have received a certificate, dated the Effective Date and
signed by the President, a Vice President or a Financial Officer of the Company, confirming
compliance with the conditions set forth in paragraphs (a) and (b) of Section 4.02.

          (e) The commitments of the lenders under the Amended and Restated Five-Year Credit Agreement
dated as of April 10, 2006, among the Company, the borrowing subsidiaries party thereto, the
lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, shall have been
terminated and the principal of and

 

51

interest accrued on all loans, and all other amounts accrued for the accounts of or owing to
the lenders, thereunder shall have been paid in full.

          (f) The Administrative Agent shall have received all fees and other amounts due and payable on
or prior to the Effective Date, including, to the extent invoiced, reimbursement or payment of all
out-of-pocket expenses required to be reimbursed or paid by the Borrowers hereunder.

The Administrative Agent shall notify the Company and the Lenders of the Effective Date, and such
notice shall be conclusive and binding. Notwithstanding the foregoing, this Agreement shall not
become effective unless each of the foregoing conditions is satisfied (or waived pursuant to
Section 10.02) on or prior to April 30, 2007.

          SECTION 4.02. Each Credit Event. The obligation of each Lender to make a Loan on the
occasion of any Borrowing, and of each Issuing Bank to issue, amend, renew or extend any Letter of
Credit, is subject to the satisfaction of the following conditions:

     (a) The representations and warranties of the Borrowers set forth in this Agreement
(other than, with respect to any Borrowing occurring after the Effective Date, the
representations set forth in Sections 3.04(b) and 3.05) shall be true and correct on and as
of the date of such Borrowing or the date of issuance, amendment, renewal or extension of
such Letter of Credit, as applicable.

     (b) At the time of and immediately after giving effect to such Borrowing or the
issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no
Default shall have occurred and be continuing.

Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be
deemed to constitute a representation and warranty by the Borrowers on the date thereof as to the
matters specified in paragraphs (a) and (b) of this Section.

          SECTION 4.03. Initial Credit Event for each Borrowing Subsidiary. The obligation of
each Lender to make Loans to, and the obligations of the Issuing Banks to issue Letters of Credit
for the account of, any Borrowing Subsidiary (other than the Borrowing Subsidiary party hereto on
the date hereof) is subject to the satisfaction of the following conditions:

     (a) The Administrative Agent (or its counsel) shall have received such Borrower’s
Borrowing Subsidiary Agreement duly executed by all parties thereto.

     (b) The Administrative Agent shall have received such documents (including such legal
opinions) as the Administrative Agent or its counsel may reasonably request relating to the
formation, existence and good standing of such Borrower, the authorization and legality of
the Transactions insofar as they relate to such Borrower and any other legal matters
relating to such Borrower, its Borrowing Subsidiary Agreement or such Transactions, all in
form and substance reasonably satisfactory to the Administrative Agent and its counsel.

 

52

     (c) The Agents and Lenders shall have received, at least five Business Days prior to
the making of such Loan or issuance of such Letters of Credit, all documentation and other
information relating to such Borrower requested by them for purposes of ensuring compliance
with applicable “know your customer” and anti-money laundering rules and regulations,
including the U.S.A. Patriot Act.

ARTICLE V

Affirmative Covenants

          Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder shall have been paid in full, all LC Disbursements shall
have been reimbursed and all Letters of Credit (other than, for the avoidance of doubt, any
Backstopped Letter of Credit) shall have expired or been terminated, the Company and each other
Borrower covenants and agrees with the Lenders that:

          SECTION 5.01. Financial Statements and Other Information. The Company will furnish to
the Administrative Agent and each Lender:

     (a) within 120 days after the end of each fiscal year of the Company, a copy of its
audited consolidated balance sheet and related statements of operations, stockholders’
equity and cash flows as of the end of and for such year, setting forth in each case in
comparative form the figures for the previous fiscal year, all reported on by
PricewaterhouseCoopers LLP or other independent public accountants of recognized national
standing (without a “going concern” or like qualification or exception and without any
qualification or exception as to the scope of such audit) to the effect that such
consolidated financial statements present fairly in all material respects the financial
condition and results of operations of the Company and its consolidated Subsidiaries on a
consolidated basis in accordance with GAAP consistently applied;

     (b) within 60 days after the end of each of the first three fiscal quarters of each
fiscal year of the Company, a copy of its consolidated balance sheet and related statements
of operations, stockholders’ equity and cash flows as of the end of and for such fiscal
quarter and the then elapsed portion of the fiscal year, setting forth in each case in
comparative form the figures for the corresponding period or periods of (or, in the case of
the balance sheet, as of the end of) the previous fiscal year, all certified by one of its
Financial Officers as presenting fairly in all material respects the financial condition
and results of operations of the Company and its consolidated Subsidiaries on a
consolidated basis in accordance with GAAP consistently applied, subject to normal year-end
audit adjustments and the absence of footnotes;

     (c) concurrently with any delivery of financial statements under clause (a) or (b)
above, a certificate of a Financial Officer of the Company (i) certifying

 

53

as to whether a Default has occurred and, if a Default has occurred, specifying the
details thereof and any action taken or proposed to be taken with respect thereto and (ii)
setting forth reasonably detailed calculations demonstrating compliance with Section 6.06
(provided, however, that, in the case of any such certificate required to
be furnished concurrently with the delivery of financial statements under clause (b) above
for any fiscal quarter of the Company during which the Company or its Subsidiaries shall
have consummated an acquisition or a disposition of assets as a result of which the Company
is required to file with the SEC a Current Report on Form 8-K containing pro forma
financial statements with respect to such acquisition or disposition, such certificate may
omit certifications with respect to compliance with Section 6.06 and the calculations
referred to in clause (ii) above if (x) such acquisition or disposition shall have been
consummated less than 75 days (or such shorter number of days as may be provided under the
rules and regulations of the SEC for the filing with the SEC of a Current Report on Form
8-K containing such pro forma financial statements) prior to the date such certificate is
required to be so furnished and (y) the pro forma financial statements required to make
such certifications and calculations are not available at the time such certificate is
required to be so furnished; provided further, however, that a supplemental
certificate of a Financial Officer of the Company certifying as to compliance with Section
6.06 and providing the calculations referred to in clause (ii) above shall be delivered
within 75 days (or such shorter number of days) after the consummation of such acquisition
or disposition);

     (d) concurrently with any delivery of financial statements under clause (a) above, a
certificate of the accounting firm that reported on such financial statements stating
whether they obtained knowledge during the course of their examination of such financial
statements of any Default (which certificate may be limited to the extent required by
accounting rules or guidelines);

     (e) promptly after the same become publicly available, copies of all periodic and
other reports, proxy statements and other materials regularly filed by the Company or any
Subsidiary with the SEC, or distributed by the Company to its shareholders generally, as
the case may be; and

     (f) promptly following any request therefor, such other information regarding the
operations, business affairs and financial condition of the Company, any other Borrower or
any Significant Subsidiary, or compliance with the terms of this Agreement, as the
Administrative Agent or any Lender may reasonably request.

          SECTION 5.02. Notices of Material Events. The Company will furnish to the
Administrative Agent prompt written notice of the following:

     (a) the occurrence of any Default;

 

54

     (b) the filing or commencement of any action, suit or proceeding by or before any
arbitrator or Governmental Authority against or affecting the Company or any Affiliate
thereof that, if adversely determined, would reasonably be expected to result in a Material
Adverse Effect; and

     (c) any other development that results in, or would reasonably be expected to result
in, a Material Adverse Effect.

Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer
or other executive officer of the Company setting forth the details of the event or development
requiring such notice and any action taken or proposed to be taken with respect thereto.

          SECTION 5.03. Existence; Conduct of Business. The Company will, and will cause each
of its Significant Subsidiaries to, do or cause to be done all things necessary to preserve, renew
and keep in full force and effect its legal existence and the rights, licenses, permits,
privileges, franchises, patents, copyrights, trademarks and trade names material to the conduct of
its business, except (in the case of any such failure to do so other than with respect to
preserving, renewing and keeping in full force and effect the existence of the Company) where the
failure to do so would not, individually or in the aggregate, reasonably be expected to result in a
Material Adverse Effect; provided that the foregoing shall not prohibit any merger,
consolidation, liquidation or dissolution permitted under Section 6.04.

          SECTION 5.04. Payment of Obligations. The Company will, and will cause each of its
Significant Subsidiaries to, pay its Tax liabilities, that, if not paid, would reasonably be
expected to result in a Material Adverse Effect before the same shall become delinquent or in
default, except where (a) the validity or amount thereof is being contested in good faith by
appropriate proceedings, (b) the Company or such Subsidiary has set aside on its books adequate
reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending
such contest would not reasonably be expected to result in a Material Adverse Effect.

          SECTION 5.05. Maintenance of Properties; Insurance. The Company will, and will cause
each of its Significant Subsidiaries to, (a) keep and maintain all property material to the conduct
of its business in good working order and condition, ordinary wear and tear excepted, except where
the failure to do so would not, individually or in the aggregate, reasonably be expected to result
in a Material Adverse Effect and (b) maintain, with financially sound and reputable insurance
companies, insurance in such amounts and against such risks as are customarily maintained by
companies engaged in the same or similar businesses operating in the same or similar locations.

          SECTION 5.06. Books and Records; Inspection Rights. The Company will, and will cause
each of its Significant Subsidiaries to, keep proper books of record and account in which full,
true and correct entries are made of all dealings and transactions in relation to its business and
activities, except, in the case of the Significant Subsidiaries, where the failure to do so would
not, individually or in the aggregate,

 

55

reasonably be expected to result in a Material Adverse Effect. The Company will, and will
cause each of its Subsidiaries to, permit any representatives designated by the Administrative
Agent or any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine
and make extracts from its books and records, and to discuss its affairs, finances and condition
with its officers and independent accountants, all at such reasonable times and as often as
reasonably requested.

          SECTION 5.07. Compliance with Laws. The Company will, and will cause each of its
Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental Authority,
including Environmental Laws and ERISA, applicable to it or its property, except where the failure
to do so, individually or in the aggregate, would not reasonably be expected to result in a
Material Adverse Effect.

          SECTION 5.08. Use of Proceeds. The proceeds of the Loans will be used only for
working capital and general corporate purposes and to provide liquidity in connection with any
commercial paper program of the Borrowers. No part of the proceeds of any Loan will be used,
whether directly or indirectly, for any purpose that entails a violation of any of the Regulations
of the Board, including Regulations U and X.

ARTICLE VI

Negative Covenants

          Until the Commitments have expired or terminated and the principal of and interest on each
Loan and all fees payable hereunder have been paid in full, all LC Disbursements shall have been
reimbursed and all Letters of Credit (other than, for the avoidance of doubt, any Backstopped
Letter of Credit) shall have expired or been terminated, the Company and each other Borrower
covenants and agrees with the Lenders that:

          SECTION 6.01. Subsidiary Indebtedness. The Company will not permit any Subsidiary to
create, incur, assume or permit to exist any Indebtedness, except:

     (a) Indebtedness under this Agreement;

     (b) Indebtedness existing on the date hereof and set forth on Schedule 6.01 and
extensions, renewals or replacements of any such Indebtedness that do not increase the
outstanding principal amount thereof;

     (c) Indebtedness of any Subsidiary to the Company or any other Subsidiary;
provided that no such Indebtedness shall be assigned to, or subjected to any Lien
in favor of, a Person other than the Company or a Subsidiary;

     (d) Indebtedness of any Subsidiary incurred to finance the acquisition, construction
or improvement by such Subsidiary of any fixed or capital assets, including Capital Lease
Obligations, and any Indebtedness incurred or assumed in connection with the acquisition,
construction or improvement of any such assets,

 

56

and any Indebtedness secured by a Lien on any such assets prior to the acquisition
thereof, and extensions, renewals and replacements of any of the foregoing Indebtedness
referred to in this paragraph that do not increase the outstanding principal amount
thereof; provided that such Indebtedness is incurred prior to or within 180 days
after such acquisition or the completion of such construction or improvement;

     (e) Indebtedness of any Person that becomes a Subsidiary after the date hereof;
provided that such Indebtedness exists at the time such Person becomes a Subsidiary
and is not created in contemplation of or in connection with such Person becoming a
Subsidiary;

     (f) Indebtedness of any Subsidiary as an account party in respect of letters of credit
backing obligations (other than Indebtedness) of any Subsidiary;

     (g) Indebtedness consisting of industrial development, pollution control or other
revenue bonds or similar instruments issued or guaranteed by any Governmental Authority;
and

     (h) other Indebtedness not expressly permitted by clauses (a) through (g) above;
provided that the sum, without duplication, of (i) the outstanding Indebtedness
permitted by this clause (h), (ii) the aggregate principal amount of the outstanding
Indebtedness secured by Liens permitted by Section 6.02(n) and (iii) the Attributable Debt
in respect of Sale-Leaseback Transactions permitted by Section 6.03(b) does not at any time
exceed 25% of Consolidated Assets.

          SECTION 6.02. Liens. The Company will not, and will not permit any Subsidiary to,
create, incur, assume or permit to exist any Lien on any Principal Property now owned or hereafter
acquired by it, except:

     (a) Liens imposed by law for Taxes that are not yet due or are being contested in
compliance with Section 5.04;

     (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like
Liens imposed by law, arising in the ordinary course of business;

     (c) pledges and deposits made in the ordinary course of business in compliance with
workers’ compensation, unemployment insurance and other social security laws or
regulations;

     (d) deposits to secure the performance of bids, trade contracts, leases, statutory
obligations, surety and appeal bonds, performance bonds and other obligations of a like
nature, in each case made in the ordinary course of business;

     (e) judgment liens in respect of judgments that do not constitute Events of Default
under clause (k) of Article VII;

 

57

     (f) easements, zoning restrictions, rights-of-way and similar encumbrances on property
imposed by law or arising in the ordinary course of business that do not secure any
monetary obligations and do not materially detract from the value of the affected property
or materially interfere with the ordinary conduct of business of the Company and the
Subsidiaries, taken as a whole;

     (g) any Lien on any property or asset of the Company or any Subsidiary existing on the
date hereof (or on improvements or accessions thereto or proceeds therefrom) and set forth
on Schedule 6.02; provided that (i) such Lien shall not apply to any other property
or asset of the Company or any Subsidiary and (ii) such Lien shall be permitted by this
clause (g) only to the extent of the amount of the obligations which it secures on the date
hereof and extensions, renewals and replacements thereof up to the outstanding principal
amount thereof;

     (h) any Lien (i) existing on any property or asset prior to the acquisition thereof by
the Company or any Subsidiary, (ii) existing on any property or asset of any Person that
becomes a Subsidiary after the date hereof prior to the time such Person becomes a
Subsidiary or (iii) to the extent such Lien applies only to the property or assets so
acquired by the Company or any Subsidiary or owned by a Person prior to the time such
Person becomes a Subsidiary, arising after the date of such acquisition or such Person
becoming a Subsidiary pursuant to contractual commitments entered into prior thereto;
provided that (x) such Lien is not created in contemplation of or in connection
with such acquisition or such Person becoming a Subsidiary, as the case may be, (y) such
Lien shall not apply to any other property or assets of the Company or any Subsidiary other
than improvements and accessions to the assets to which it originally applies and proceeds
of such assets, improvements and accessions and (z) such Lien shall be permitted by this
clause (h) only to the extent of the amount of the obligations which it secures on the date
of such acquisition or the date such Person becomes a Subsidiary, as the case may be, and
extensions, renewals and replacements thereof up to the outstanding principal amount
thereof;

     (i) Liens on fixed or capital assets acquired, constructed or improved by the Company
or any Subsidiary; provided that (i) such Liens secure Indebtedness permitted by
clause (c) of Section 6.01, (ii) such Liens and the Indebtedness secured thereby are
incurred prior to or within 180 days after such acquisition or the completion of such
construction or improvement, (iii) the Indebtedness secured thereby does not exceed the
cost of acquiring, constructing or improving such fixed or capital assets and (iv) such
Liens shall not apply to any other property or assets of the Company or any Subsidiary;

     (j) Liens securing industrial development, pollution control or other revenue bonds or
similar instruments issued or guaranteed by any Governmental Authority;

     (k) Liens in favor of any Governmental Authority to secure obligations pursuant to the
provisions of any contract or statute;

 

58

     (l) Liens to secure obligations of a Subsidiary to the Company or any other
Subsidiary;

     (m) Liens on equity, joint venture, partnership, or other ownership or investment
interests (collectively, the “Equity Interests”) of the Company or any Subsidiary
in any Person arising in connection with the rights of a third party owning Equity
Interests in such Person pursuant to a joint venture, shareholder, distribution or other
agreement between the Company or any of its Subsidiaries and such third party to purchase
the Equity Interests owned by the Company or any Subsidiary in such Person for reasonable
value pursuant to change in control provisions, noncompetition provisions, restrictions on
competing brands or other business restriction provisions in one or more of the agreements
between such parties; and

     (n) Liens not expressly permitted by clauses (a) through (m) above; provided
that the sum of (i) the outstanding Indebtedness permitted by Section 6.01(h), (ii) the
aggregate principal amount of the outstanding obligations secured by Liens permitted by
this clause (n) and (iii) the Attributable Debt in respect of Sale-Leaseback Transactions
permitted by Section 6.03(b) does not at any time exceed 25% of Consolidated Assets.

         SECTION 6.03. Sale and Leaseback Transactions. The Company will not, and will not
permit any of its Subsidiaries to, enter into any Sale-Leaseback Transaction relating to any
Principal Property except:

     (a) Sale-Leaseback Transactions to which the Company or any Subsidiary is a party as
of the date hereof; and

     (b) other Sale-Leaseback Transactions; provided that the sum of (i) the
outstanding Indebtedness permitted by Section 6.01(g), (ii) the aggregate principal amount
of outstanding obligations secured by Liens permitted by Section 6.02(n) and (iii) the
aggregate Attributable Debt in respect of Sale-Leaseback Transactions permitted by this
clause (b) does not at any time exceed 25% of Consolidated Assets.

          SECTION 6.04. Fundamental Changes. (a) The Company and the Borrowing Subsidiaries
will not, and will not permit any Significant Subsidiary to, merge into or consolidate with any
other Person, or permit any other Person to merge into or consolidate with it, or sell, transfer,
lease or otherwise dispose of (in one transaction or in a series of transactions) assets
representing all or substantially all the aggregate assets of the Company and the Subsidiaries
(whether now owned or hereafter acquired), or liquidate or dissolve, except that if at the time
thereof and immediately after giving effect thereto no Default shall have occurred and be
continuing (i) any Person may merge into the Company in a transaction in which the Company is the
surviving corporation, (ii) any Person may merge with any Subsidiary in a transaction in which the
surviving entity is a Subsidiary and (iii) any Subsidiary (other than a Borrowing Subsidiary) may
liquidate or dissolve or, so long as such transaction does not constitute a transfer or other
disposition

 

59

of all or substantially all the aggregate assets of the Company and the Subsidiaries, merge
with or into any other Person.

          (b) The Company will not, and will not permit any of its Significant Subsidiaries to, engage
as its principal business in any business other than businesses of the type collectively conducted
by the Company and its Subsidiaries on the date of this Agreement and businesses reasonably related
thereto.

          (c) The Company will not permit any other Borrower, while it remains a Borrower, to cease to
be a Subsidiary.

          SECTION 6.05. Transactions with Affiliates. Except as set forth in Schedule 6.05, the
Company will not, and will not permit any of its Subsidiaries to, sell, lease or otherwise transfer
any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or
otherwise engage in any other transactions with, any of its Affiliates, except (a) in the ordinary
course of business at prices and on terms and conditions not less favorable to the Company or such
Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties and (b)
transactions between or among the Company and its Subsidiaries not involving any other Affiliate;
provided that nothing contained in this Section 6.05 shall prevent the Company or any
Subsidiary from paying dividends or making other cash distributions to its respective shareholders.

          SECTION 6.06. Interest Coverage Ratio. The Company will not permit the ratio of
Consolidated EBITDA to Consolidated Interest Expense for any period of four consecutive fiscal
quarters to be less than 3.00 to 1.00.

ARTICLE VII

Events of Default

          If any of the following events (“Events of Default”) shall occur:

     (a) any Borrower shall fail to pay any principal of any Loan or any reimbursement
obligation in respect of any LC Disbursement when and as the same shall become due and
payable, whether at the due date thereof or at a date fixed for prepayment thereof or
otherwise;

     (b) any Borrower shall fail to pay any interest on any Loan or any fee or any other
amount (other than an amount referred to in clause (a) of this Article) payable under this
Agreement, when and as the same shall become due and payable, and such failure shall
continue unremedied for a period of three Business Days;

     (c) any representation or warranty made or deemed made by or on behalf of the Company
or any other Borrower in or in connection with this Agreement or any amendment or
modification hereof or waiver hereunder, or in any report,

 

60

certificate, financial statement or other document furnished pursuant to or in
connection with this Agreement or any amendment or modification hereof or waiver hereunder,
shall prove to have been materially incorrect when made or deemed made;

     (d) the Company or any other Borrower shall fail to observe or perform any covenant,
condition or agreement contained in Section 5.02, 5.03 (with respect to any Borrower’s
existence) or 5.08 or in Article VI;

     (e) the Company or any other Borrower shall fail to observe or perform any covenant,
condition or agreement contained in this Agreement (other than those specified in clause
(a), (b) or (d) of this Article), and such failure shall continue unremedied for a period
of 30 days after notice thereof from the Administrative Agent to the Company (which notice
will be given at the request of any Lender);

     (f) the Company or any Subsidiary shall fail to make any payment (whether of principal
or interest) in respect of any Material Indebtedness, when and as the same shall become due
and payable or within any applicable cure period;

     (g) any Material Indebtedness is declared to be due prior to its scheduled maturity,
or the holder or holders of any Material Indebtedness or any trustee or agent on its or
their behalf require the prepayment, repurchase, redemption or defeasance thereof, prior to
its scheduled maturity; provided that this clause (g) shall not apply to secured
Indebtedness that becomes due as a result of the voluntary sale or transfer of the property
or assets securing such Indebtedness;

     (h) an involuntary proceeding shall be commenced or an involuntary petition shall be
filed seeking (i) liquidation, reorganization or other relief in respect of the Company,
any other Borrower or any Significant Subsidiary or its debts, or of a substantial part of
its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or
similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee,
custodian, sequestrator, conservator or similar official for the Company, any other
Borrower or any Significant Subsidiary or for a substantial part of its assets, and, in any
such case, such proceeding or petition shall continue undismissed for 60 days or an order
or decree approving or ordering any of the foregoing shall be entered;

     (i) the Company, any other Borrower or any Significant Subsidiary shall (i)
voluntarily commence any proceeding or file any petition seeking liquidation,
reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency,
receivership or similar law now or hereafter in effect, (ii) consent to the institution of,
or fail to contest in a timely and appropriate manner, any proceeding or petition described
in clause (h) of this Article, (iii) apply for or consent to the appointment of a receiver,
trustee, custodian, sequestrator, conservator or similar official for the Company, any
other Borrower or any

 

61

Significant Subsidiary or for a substantial part of its assets, (iv) file an answer
admitting the material allegations of a petition filed against it in any such proceeding,
(v) make a general assignment for the benefit of creditors or (vi) take any action for the
purpose of effecting any of the foregoing;

     (j) the Company or any Significant Subsidiary shall become unable, admit in writing
its inability or fail generally to pay its debts as they become due;

     (k) one or more judgments for the payment of money in an aggregate amount in excess of
US$25,000,000 shall be rendered against the Company, any Subsidiary or any combination
thereof and the same shall remain undischarged for a period of 30 consecutive days during
which execution shall not be effectively stayed, or any action shall be legally taken by a
judgment creditor to attach or levy upon any assets of the Company or any Subsidiary to
enforce any such judgment;

     (l) an ERISA Event shall have occurred that, in the opinion of the Required Lenders,
when taken together with all other ERISA Events that have occurred, would reasonably be
expected to result in liability of the Company and the Subsidiaries in an aggregate amount
exceeding (i) US$25,000,000 in any year or (ii) US$50,000,000 for all periods; or

     (m) a Change in Control shall occur;

then, and in every such event (other than an event with respect to any Borrower described in clause
(h) or (i) of this Article), and at any time thereafter during the continuance of such event, the
Administrative Agent may, and at the request of the Required Lenders shall, by notice to the
Company, take either or both of the following actions, at the same or different times: (i)
terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii)
declare the Loans then outstanding to be due and payable in whole (or in part, in which case any
principal not so declared to be due and payable may thereafter be declared to be due and payable),
and thereupon the principal of the Loans so declared to be due and payable, together with accrued
interest thereon and all fees and other obligations of the Borrowers accrued hereunder, shall
become due and payable immediately, without presentment, demand, protest or other notice of any
kind, all of which are hereby waived by the Borrowers; and in case of any event with respect to any
Borrower described in clause (h) or (i) of this Article, the Commitments shall automatically
terminate and the principal of the Loans then outstanding, together with accrued interest thereon
and all fees and other obligations of the Borrowers accrued hereunder, shall automatically become
due and payable, without presentment, demand, protest or other notice of any kind, all of which are
hereby waived by the Borrowers.

 

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ARTICLE VIII

The Agents

          Each of the Lenders and the Issuing Banks hereby irrevocably appoints the Administrative Agent
and the London Agent as its agent and authorizes the Administrative Agent and the London Agent to
take such actions on its behalf and to exercise such powers as are delegated to the Administrative
Agent or the London Agent, as applicable, by the terms hereof, together with such actions and
powers as are reasonably incidental thereto.

          The bank serving as an Agent hereunder shall have the same rights and powers in its capacity
as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such
bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of
business with the Company or any Subsidiary or other Affiliate thereof as if it were not an Agent
hereunder.

          No Agent shall have any duties or obligations except those expressly set forth herein.
Without limiting the generality of the foregoing, (a) the Agents shall not be subject to any
fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing,
(b) the Agents shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated hereby that an
Agent is required to exercise in writing by the Required Lenders (or such other number or
percentage of the Lenders as shall be necessary under the circumstances as provided in Section
10.02), and (c) except as expressly set forth herein, the Agents shall not have any duty to
disclose, and shall not be liable for the failure to disclose, any information relating to the
Company or any of its Subsidiaries that is communicated to or obtained by the bank serving as an
Agent or any of its Affiliates in any capacity. No Agent shall be liable for any action taken or
not taken by it with the consent or at the request of the Required Lenders (or such other number or
percentage of the Lenders as shall be necessary under the circumstances as provided in Section
10.02) or in the absence of its own gross negligence or willful misconduct. The Agents shall be
deemed to have no knowledge of any Default unless and until written notice thereof is given to the
Administrative Agent by the Company or a Lender, and the Agents shall not be responsible for or
have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or
in connection with this Agreement, (ii) the contents of any certificate, report or other document
delivered hereunder or in connection herewith, (iii) the performance or observance of any of the
covenants, agreements or other terms or conditions set forth herein, (iv) the validity,
enforceability, effectiveness or genuineness of this Agreement or any other agreement, instrument
or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein,
other than to confirm receipt of items expressly required to be delivered to the Agents. Each
party to this Agreement acknowledges that neither the Syndication Agent nor the Co-Documentation
Agents shall have any duties, responsibilities, obligations or authority under this Agreement in
such capacity.

 

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          Each Agent shall be entitled to rely upon, and shall not incur any liability for relying upon,
any notice, request, certificate, consent, statement, instrument, document or other writing
believed by it to be genuine and to have been signed or sent by the proper Person. Each Agent also
may rely upon any statement made to it orally or by telephone and believed by it to be made by the
proper Person, and shall not incur any liability for relying thereon. Each Agent may consult with
legal counsel (who may be counsel for any Borrower), independent accountants and other experts
selected by it, and shall not be liable for any action taken or not taken by it in accordance with
the advice of any such counsel, accountants or experts.

          Each Agent may perform any and all its duties and exercise its rights and powers by or through
any one or more sub-agents appointed by it. Each Agent and any such sub-agent may perform any and
all its duties and exercise its rights and powers through their respective Related Parties. The
exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the
Related Parties of the Agents and any such sub-agent, and shall apply to their respective
activities in connection with the syndication of the credit facilities provided for herein as well
as activities as an Agent.

          Subject to the appointment and acceptance of a successor Agent as provided in this paragraph,
each Agent may resign at any time by notifying the Lenders, the Issuing Banks and the Company.
Upon any such resignation, the Company shall have the right, in consultation with the Required
Lenders, to appoint a successor. If no successor shall have been so appointed by the Company and
shall have accepted such appointment within 30 days after such retiring Agent gives notice of its
resignation, then the retiring Agent may, on behalf of the Lenders and the Issuing Banks, appoint a
successor Agent which shall be a bank with an office in New York, New York, or an Affiliate of any
such bank. Upon the acceptance of its appointment as an Agent hereunder by a successor, such
successor shall succeed to and become vested with all the rights, powers, privileges and duties of
the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations
hereunder. The fees payable by the Company to a successor Agent shall be the same as those payable
to its predecessor unless otherwise agreed between the Company and such successor. After an
Agent’s resignation hereunder, the provisions of this Article and Section 10.03 shall continue in
effect for the benefit of such retiring Agent, its sub-agents and their respective Related Parties
in respect of any actions taken or omitted to be taken by any of them while it was acting as an
Agent.

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

 

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ARTICLE IX

Guarantee

          In order to induce the Lenders and the Issuing Banks to extend credit to the Borrowing
Subsidiaries hereunder, the Company hereby irrevocably and unconditionally guarantees the payment
when and as due of the Obligations of each Borrowing Subsidiary. The Company further agrees that
the due and punctual payment of such Obligations may be extended or renewed, in whole or in part,
without notice to or further assent from it, and that it will remain bound upon its guarantee
hereunder notwithstanding any such extension or renewal of any such Obligation.

          The Company waives presentment to, demand of payment from and protest to any Borrowing
Subsidiary of any of the Obligations, and also waives notice of acceptance of its obligations and
notice of protest for nonpayment. The obligations of the Company hereunder shall not be affected
by (a) the failure of any Agent, any Lender or any Issuing Bank to assert any claim or demand or to
enforce any right or remedy against any Borrowing Subsidiary under the provisions of this Agreement
or otherwise; (b) any extension or renewal of any of the Obligations; (c) any rescission, waiver,
amendment or modification of, or release from, any of the terms or provisions of this Agreement, or
any other agreement; (d) any default, failure or delay, willful or otherwise, in the performance of
any of the Obligations; or (e) any other act, omission or delay to do any other act which may or
might in any manner or to any extent vary the risk of the Company or otherwise operate as a
discharge of a guarantor as a matter of law or equity or which would impair or eliminate any right
of the Company to subrogation.

          The Company further agrees that its agreement hereunder constitutes a guarantee of payment
when due (whether or not any bankruptcy or similar proceeding shall have stayed the accrual or
collection of any of the Obligations or operated as a discharge thereof) and not merely of
collection, and waives any right to require that any resort be had by any Agent, any Lender or any
Issuing Bank to any balance of any deposit account or credit on the books of such Agent, such
Lender or such Issuing Bank in favor of any Borrowing Subsidiary or any other Person.

          The obligations of the Company hereunder shall not be subject to any reduction, limitation,
impairment or termination for any reason, and shall not be subject to any defense or set-off,
counterclaim, recoupment or termination whatsoever, by reason of the invalidity, illegality or
unenforceability of any of the Obligations, any impossibility in the performance of any of the
Obligations or otherwise.

          The Company further agrees that its obligations hereunder shall continue to be effective or be
reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is
rescinded or must otherwise be restored by any Agent, any Lender or any Issuing Bank upon the
bankruptcy or reorganization of any Borrowing Subsidiary or otherwise.

 

65

          In furtherance of the foregoing and not in limitation of any other right that any Agent, any
Lender or any Issuing Bank may have at law or in equity against the Company by virtue hereof, upon
the failure of any Borrowing Subsidiary to pay any Obligation when and as the same shall become
due, whether at maturity, by acceleration, after notice of prepayment or otherwise, the Company
hereby promises to and will, upon receipt of written demand by the Applicable Agent, Lender or
Issuing Bank, forthwith pay, or cause to be paid, to the Applicable Agent, Lender or Issuing Bank
in cash an amount equal to the unpaid principal amount of such Obligation then due, together with
accrued and unpaid interest thereon.

          Upon payment by the Company of any sums as provided above, all rights of the Company against
any Borrowing Subsidiary arising as a result thereof by way of right of subrogation or otherwise
shall in all respects be subordinated and junior in right of payment to the prior indefeasible
payment in full of all the Obligations owed by such Borrowing Subsidiary to the Agents, the Issuing
Banks and the Lenders.

          Nothing shall discharge or satisfy the liability of the Company hereunder except the full and
indefeasible performance and payment of the Obligations.

ARTICLE X

Miscellaneous

          SECTION 10.01. Notices. Except in the case of notices and other communications
expressly permitted to be given by telephone, all notices and other communications provided for
herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by
certified or registered mail or sent by fax, as follows:

     (a) if to the Company, to it at Brown-Forman Corporation, 850 Dixie Highway,
Louisville, KY 40210, Attention of Treasurer (Fax No. (502) 774-6908), with a copy to the
Attention of General Counsel (Fax No. (502) 774-6650);

     (b) if to any Borrowing Subsidiary, to it in care of the Company as provided in
paragraph (a) above;

     (c) if to the Administrative Agent, to JPMorgan Chase Bank, N.A., in its capacity as
Issuing Bank, to JPMorgan Chase Bank, N.A., Loan and Agency Services Group, 1111 Fannin,
Houston, TX 77002, Attention of Leslie Opeyemi (Fax No. (713) 750-2228), with a copy to
the Attention of Cherry Arnaez (Fax No. (713) 750-2782);

     (d) if to the London Agent, to J.P. Morgan Europe Limited, 125 London Wall, London
EC2Y 5AJ, Attention of Agency Department (Fax No. 44-207-777-2360), with a copy to the
Administrative Agent as provided under clause (iii) above; and

 

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     (e) if to any other Issuing Bank or Lender, to it at its address (or fax number) set
forth in its Administrative Questionnaire.

          Any party hereto may change its address or fax number for notices and other communications
hereunder by notice to the other parties hereto. All notices and other communications given to any
party hereto in accordance with the provisions of this Agreement shall be deemed to have been given
on the date of receipt.

          SECTION 10.02. Waivers; Amendments. (a) No failure or delay by any Agent, any
Issuing Bank or any Lender in exercising any right or power hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or
discontinuance of steps to enforce such a right or power, preclude any other or further exercise
thereof or the exercise of any other right or power. The rights and remedies of the Agents, the
Issuing Banks and the Lenders hereunder are cumulative and are not exclusive of any rights or
remedies that they would otherwise have. No waiver of any provision of this Agreement or consent
to any departure by any Borrower therefrom shall in any event be effective unless the same shall be
permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only
in the specific instance and for the purpose for which given. Without limiting the generality of
the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a
waiver of any Default, regardless of whether any Agent, any Lender or any Issuing Bank may have had
notice or knowledge of such Default at the time.

          (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except
pursuant to an agreement or agreements in writing entered into by the Company and the Required
Lenders or by the Company and the Administrative Agent with the consent of the Required Lenders;
provided that no such agreement shall (i) increase the Commitment of any Lender without the
written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement or
reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written
consent of each Lender affected thereby, (iii) postpone the scheduled date of payment of the
principal amount of any Loan or LC Disbursement, or any interest thereon, or any fees payable
hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled
date of expiration of any Commitment, without the written consent of each Lender affected thereby,
(iv) change Section 2.08(c) or Section 2.18(b) or (c) in a manner that would alter the pro rata
sharing of Commitment reductions or payments required thereby, as the case may be, without the
written consent of each Lender affected thereby, (v) change any of the provisions of this Section
or the definition of “Required Lenders” or any other provision hereof specifying the number or
percentage of Lenders required to waive, amend or modify any rights hereunder or make any
determination or grant any consent hereunder, without the written consent of each Lender or (vi)
release the Company from, or limit or condition, its Obligations under Article IX without the
written consent of each Lender; provided further that no such agreement shall amend, modify
or otherwise affect the rights or duties of any Agent or any Issuing Bank hereunder without the
prior written consent of any Agent or such Issuing Bank, as the case may be.

 

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          SECTION 10.03. Expenses; Indemnity; Damage Waiver. (a) The Company shall pay (i) all
reasonable out-of-pocket expenses incurred by the Agents and their Affiliates, including the
reasonable fees, charges and disbursements of counsel for the Administrative Agent, in connection
with the syndication of the credit facilities provided for herein, the preparation and
administration of this Agreement or any amendments, modifications or waivers of the provisions
hereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii)
all reasonable out-of-pocket expenses incurred by the Issuing Banks in connection with the
issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment
thereunder and (iii) all out-of-pocket expenses incurred by any Agent, any Issuing Bank or any
Lender, including the reasonable fees, charges and disbursements of any counsel for the
Administrative Agent, any Issuing Bank or any Lender, in connection with the lawful enforcement of
its rights in connection with this Agreement, including its rights under this Section, or in
connection with the Loans made or Letters of Credit issued hereunder, including all such
out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of
such Loans or Letters of Credit.

          (b) The Company shall indemnify each Agent and each Lender, and each Related Party of any of
the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold
each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related
expenses, including the fees, charges and disbursements of any counsel for any Indemnitee, incurred
by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the
execution or delivery of this Agreement or any agreement or instrument contemplated hereby, the
performance by the parties hereto of their respective obligations hereunder or the consummation of
the Transactions or any other transactions contemplated hereby, (ii) any Loan or Letter of Credit
or the use of the proceeds therefrom (including any refusal by an Issuing Bank to honor a demand
for payment under a Letter of Credit if the documents presented in connection with such demand do
not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence
or release of Hazardous Materials on or from any property owned or operated by the Company or any
of its Subsidiaries, or any Environmental Liability related in any way to the Company or any of its
Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing, whether based on contract, tort or any other theory and
regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall
not, as to any Indemnitee, be available to the extent that such losses, claims, damages,
liabilities or related expenses are determined by a court of competent jurisdiction by final and
nonappealable judgment to have resulted from the gross negligence or willful misconduct of such
Indemnitee.

          (c) To the extent that the Company fails to pay any amount required to be paid by it to any
Agent or any Issuing Bank under paragraph (a) or (b) of this Section, each Lender severally agrees
to pay to such Agent or such Issuing Bank, as the case may be, such Lender’s Applicable Percentage
(determined as of the time that the applicable unreimbursed expense or indemnity payment is sought)
of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim,
damage, liability or related

 

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expense, as the case may be, was incurred by or asserted against such Agent or such Issuing
Bank in its capacity as such.

          (d) To the extent permitted by applicable law, no Borrower shall assert, and each Borrower
hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement or any agreement or instrument contemplated
hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof.

          (e) All amounts due under this Section shall be payable promptly after written demand
therefor.

          SECTION 10.04. Successors and Assigns. (a) The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of
Credit), except that neither the Company nor any other Borrower may assign or otherwise transfer
any of its rights or obligations hereunder without the prior written consent of each Lender (and
any attempted assignment or transfer by any Borrower without such consent shall be null and void).
Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person
(other than the parties hereto, their respective successors and assigns permitted hereby (including
any Affiliate of any Issuing Bank that issues Letters of Credit) and, to the extent expressly
contemplated hereby, the Related Parties of each of the Agents, the Issuing Banks and the Lenders)
any legal or equitable right, remedy or claim under or by reason of this Agreement.

          (b) Any Lender may assign to one or more assignees all or a portion of its rights and
obligations under this Agreement (including all or a portion of its Commitment and the Loans at the
time owing to it); provided that (i) except in the case of an assignment by a Lender to a
Lender Affiliate of such Lender, the Administrative Agent and each Issuing Bank must give its prior
written consent to such assignment (which consent shall not be unreasonably withheld), (ii) except
in the case of an assignment to a Lender or a Lender Affiliate, the Company must give its prior
written consent to such assignment (which consent shall not be unreasonably withheld), (iii) except
in the case of an assignment to a Lender or a Lender Affiliate or an assignment of the entire
remaining amount of the assigning Lender’s Commitment, the amount of the Commitment of the
assigning Lender subject to each such assignment (determined as of the date the Assignment and
Assumption with respect to such assignment is delivered to the Administrative Agent) the US Dollar
Equivalent of such assignment shall not be less than US$5,000,000 unless each of the Company and
the Administrative Agent otherwise consent, (iv) each partial assignment shall be made as an
assignment of a proportionate part of all the assigning Lender’s rights and obligations under this
Agreement, except that this clause (iv) shall not apply to rights in respect of outstanding
Competitive Loans, (v) the parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Assumption, together with a processing and recordation fee
of US$3,500, and (vi) the assignee, if it shall not be a Lender, shall deliver to the

 

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Administrative Agent an Administrative Questionnaire; and provided further that any
consent of the Company otherwise required under this paragraph shall not be required if an Event of
Default under clause (h) or (i) of Article VII has occurred and is continuing. Subject to
acceptance and recording thereof pursuant to paragraph (d) of this Section, from and after the
effective date specified in each Assignment and Assumption the assignee thereunder shall be a party
hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the
rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall,
to the extent of the interest assigned by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of
the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a
party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16, 2.17 and
10.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that
does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by
such Lender of a participation in such rights and obligations in accordance with paragraph (e) of
this Section.

          (c) The Administrative Agent, acting for this purpose as an agent of each Borrower, shall
maintain at one of its offices in The City of New York a copy of each Assignment and Assumption
delivered to it and a register for the recordation of the names and addresses of the Lenders, and
the Commitment of, and principal amount of the Loans and LC Disbursements owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive, and the Borrowers, the Agents, the Issuing Banks and the Lenders may
treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender
hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register
shall be available for inspection by the Company, any Issuing Bank and any Lender, at any
reasonable time and from time to time upon reasonable prior notice.

          (d) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning
Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee
shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph
(b) of this Section and any written consent to such assignment required by paragraph (b) of this
Section, the Administrative Agent shall accept such Assignment and Assumption and record the
information contained therein in the Register. No assignment shall be effective for purposes of
this Agreement unless it has been recorded in the Register as provided in this paragraph.

          (e) Any Lender may, without the consent of any Borrower, the Administrative Agent or any
Issuing Bank, sell participations to one or more banks or other entities (a “Participant”)
in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all
or a portion of its Commitment and the Loans owing to it); provided that (i) such Lender’s
obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations and (iii) the
Borrowers, the Agents, the Issuing Banks and the other Lenders shall continue to deal solely and
directly with

 

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such Lender in connection with such Lender’s rights and obligations under this Agreement. Any
agreement or instrument pursuant to which a Lender sells such a participation shall provide that
such Lender shall retain the sole right to enforce this Agreement and to approve any amendment,
modification or waiver of any provision of this Agreement; provided that such agreement or
instrument may provide that such Lender will not, without the consent of the Participant, agree to
any amendment, modification or waiver described in the first proviso to Section 10.02(b) that
affects such Participant. Subject to paragraph (f) of this Section, each Borrower agrees that each
Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 to the same extent as
if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this
Section. To the extent permitted by law and if prior written notice of the sale of the
participation to the Participant is provided to the Company, each Participant also shall be
entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant
agrees to be subject to Section 2.18(c) as though it were a Lender.

          (f) A Participant shall not be entitled to receive any greater payment under Section 2.15 or
2.17 than the applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, unless the sale of the participation to such Participant is
made with the Company’s prior written consent. A Participant that would be a Foreign Lender if it
were a Lender shall not be entitled to the benefits of Section 2.17 unless the Company is notified
of the participation sold to such Participant and such Participant agrees, for the benefit of the
Company, to comply with Section 2.17(e) as though it were a Lender.

          (g) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender, including any pledge or
assignment to secure obligations to a Federal Reserve Bank, and this Section shall not apply to any
such pledge or assignment of a security interest; provided that no such pledge or
assignment of a security interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto.

          SECTION 10.05. Survival. All covenants, agreements, representations and warranties
made by the Borrowers herein and in the certificates or other instruments delivered in connection
with or pursuant to this Agreement shall be considered to have been relied upon by the other
parties hereto and shall survive the execution and delivery of this Agreement and the making of any
Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other
party or on its behalf and notwithstanding that the Administrative Agent, any Issuing Bank or any
Lender may have had notice or knowledge of any Default or incorrect representation or warranty at
the time any credit is extended hereunder, and shall continue in full force and effect as long as
the principal of or any accrued interest on any Loan or any fee, LC Disbursement or any other
amount payable under this Agreement is outstanding and unpaid or any Letter of Credit (other than,
for the avoidance of doubt, any Backstopped Letter of Credit) is outstanding and so long as the
Commitments have not expired or terminated. The provisions of Sections 2.15, 2.16, 2.17 and 10.03
and Article VIII shall survive and

 

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remain in full force and effect regardless of the consummation of the transactions
contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of
Credit and the Commitments or the termination of this Agreement or any provision hereof.

          SECTION 10.06. Counterparts; Integration; Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single
contract. This Agreement and any separate letter agreements with respect to fees payable to the
Administrative Agent constitute the entire contract among the parties relating to the subject
matter hereof and supersede any and all previous agreements and understandings, oral or written,
relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall
become effective when it shall have been executed by the Administrative Agent and when the
Administrative Agent shall have received counterparts hereof which, when taken together, bear the
signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns. Delivery of an
executed counterpart of a signature page of this Agreement by facsimile or other electronic image
scan transmission shall be effective as delivery of a manually executed counterpart of this
Agreement.

          SECTION 10.07. Severability. Any provision of this Agreement held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality
and enforceability of the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

          SECTION 10.08. Right of Setoff. If an Event of Default shall have occurred and be
continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time
to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general
or special, time or demand, provisional or final) at any time held and other obligations at any
time owing by such Lender or Affiliate to or for the credit or the account of any Credit Party
against any of and all the obligations of such Credit Party now or hereafter existing under this
Agreement held by such Lender, irrespective of whether or not such Lender shall have made any
demand under this Agreement and although such obligations may be unmatured. The rights of each
Lender under this Section are in addition to other rights and remedies (including other rights of
setoff) which such Lender may have.

          SECTION 10.09. Governing Law; Jurisdiction; Consent to Service of Process. (a) This
Agreement shall be construed in accordance with and governed by the law of the State of New York.

          (b) Each Credit Party hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in
New York County and of the United States District Court of the

 

72

Southern District of New York, and any appellate court from any thereof, in any action or
proceeding arising out of or relating to this Agreement or for recognition or enforcement of any
judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all
claims in respect of any such action or proceeding may be heard and determined in such New York
State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees
that a final judgment in any such action or proceeding shall be conclusive and may be enforced in
other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in
this Agreement shall affect any right that the Administrative Agent, any Issuing Bank or any Lender
may otherwise have to bring any action or proceeding relating to this Agreement against any
Borrower or its properties in the courts of any jurisdiction.

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

          (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 10.01. Nothing in this Agreement will affect the right of any
party to this Agreement to serve process in any other manner permitted by law.

          SECTION 10.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO
ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION.

          SECTION 10.11. Headings. Article and Section headings and the Table of Contents used
herein are for convenience of reference only, are not part of this Agreement and shall not affect
the construction of, or be taken into consideration in interpreting, this Agreement.

          SECTION 10.12. Confidentiality. (a) Each of the Agents, the Issuing Banks and the
Lenders agrees to maintain the confidentiality of the Information (as defined below), except that
Information may be disclosed (i) to its and its Affiliates’

 

73

directors, officers, employees and agents, including accountants, legal counsel and other
advisors (it being understood that the Persons to whom such disclosure is made will be informed of
the confidential nature of such Information and instructed to keep such Information confidential),
(ii) to the extent requested by any bank regulatory authority, (iii) to the extent required by
applicable laws or regulations or by any subpoena or similar legal process (but only after giving
prompt written notice to the Company, to the extent permitted by law, of any such requirement or
request so that the Company may seek a protective order or other appropriate remedy and/or waive
compliance with this Section), (iv) to any other party to this Agreement, (v) in connection with
the exercise of any remedies hereunder or any suit, action or proceeding relating the enforcement
of rights hereunder, (vi) subject to an agreement containing provisions substantially the same as
those of this Section, to any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement, (vii) with the consent of
the Company or (viii) to the extent such Information (A) becomes publicly available other than as a
result of a breach of this Section or (B) becomes available to any Agent, any Issuing Bank or any
Lender on a nonconfidential basis from a source other than the Company. For the purposes of this
Section, “Information” means all information received from the Company relating to the
Company or its business, other than any such information that is available to any Agent, any
Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by the Company;
provided that, in the case of information received from the Company after the date hereof,
such information is clearly identified at the time of delivery as confidential. Any Person
required to maintain the confidentiality of Information as provided in this Section shall be
considered to have complied with its obligation to do so if such Person has exercised the same
degree of care to maintain the confidentiality of such Information as such Person would accord to
its own confidential information. Notwithstanding anything herein to the contrary, any Lender (and
any employee, representative or other agent of such Lender) may disclose to any and all persons,
without limitation of any kind, such Lender’s U.S. federal income tax treatment and the U.S.
federal income tax structure of the transactions contemplated hereby relating to such Lender and
all materials of any kind (including opinions or other tax analyses) that are provided to it
relating to such tax treatment and tax structure. However, no disclosure of any information
relating to such tax treatment or tax structure may be made to the extent nondisclosure is
reasonably necessary in order to comply with applicable securities laws.

          (b) Each Lender acknowledges that Information furnished to it pursuant to this Agreement may
include material non—public information concerning the Company and its Related Parties or the
Company’s securities, and confirms that it has developed compliance procedures regarding the use of
material non-public information and that it will handle such material non-public information in
accordance with those procedures and applicable law, including Federal and state securities laws.

          (c) All information, including requests for waivers and amendments, furnished by any Borrower
or either Agent pursuant to, or in the course of administering, this Agreement will be
syndicate-level information, which may contain material non-public information about the Company
and its Related Parties or the Company’s securities. Accordingly, each Lender represents to the
Company and the Agents that it

 

74

has identified in its Administrative Questionnaire a credit contact who may receive
information that may contain material non-public information in accordance with its compliance
procedures and applicable law, including Federal and state securities laws.

          SECTION 10.13. Interest Rate Limitation. Notwithstanding anything herein to the
contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges
and other amounts which are treated as interest on such Loan under applicable law (collectively the
“Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be
contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance
with applicable law, the rate of interest payable in respect of such Loan hereunder, together with
all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent
lawful, the interest and Charges that would have been payable in respect of such Loan but were not
payable as a result of the operation of this Section shall be cumulated and the interest and
Charges payable to such Lender in respect of other Loans or periods shall be increased (but not
above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the
Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender.

          SECTION 10.14. Conversion of Currencies. (a) If, for the purpose of obtaining
judgment in any court, it is necessary to convert a sum owing hereunder in one currency into
another currency, each party hereto (including any Borrowing Subsidiary) agrees, to the fullest
extent that it may effectively do so, that the rate of exchange used shall be that at which in
accordance with normal banking procedures in the relevant jurisdiction the first currency could be
purchased with such other currency on the Business Day immediately preceding the day on which final
judgment is given.

          (b) The obligations of each Borrower in respect of any sum due to any party hereto or any
holder of the obligations owing hereunder (the “Applicable Creditor”) shall,
notwithstanding any judgment in a currency (the “Judgment Currency”) other than the
currency in which such sum is stated to be due hereunder (the “Agreement Currency”), be
discharged only to the extent that, on the Business Day following receipt by the Applicable
Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in
accordance with normal banking procedures in the relevant jurisdiction purchase the Agreement
Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less
than the sum originally due to the Applicable Creditor in the Agreement Currency, such Borrower
agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable
Creditor against such loss. The obligations of the Borrowers contained in this Section 10.14 shall
survive the termination of this Agreement and the payment of all other amounts owing hereunder.

          SECTION 10.15. USA Patriot Act. Each Lender hereby notifies the Borrowers that
pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record
information that identifies the Borrowers, which information includes the name and address of the
Borrowers and other information that will allow such Lender to identify the Borrowers in accordance
with the USA Patriot Act.

 

75

          SECTION 10.16. No Fiduciary Relationship. Each Borrower, on behalf of itself and its
Subsidiaries, agrees that in connection with all aspects of the transactions contemplated hereby
and any communications in connection therewith, the Borrowers, their Subsidiaries and their
Affiliates, on the one hand, and the Agents, the Lenders, the Issuing Banks and their Affiliates,
on the other hand, will have a business relationship that does not create, by implication or
otherwise, any fiduciary duty on the part of any Agent, any Lender, any Issuing Bank or any of
their Affiliates, and no such duty will be deemed to have arisen in connection with any such
transactions or communications.

[The remainder of this page has been left blank intentionally]

 

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

	 	 	 	 	 	 	 	 	 
	 	 	BROWN-FORMAN CORPORATION,	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Phoebe A. Wood
 

Name: Phoebe A. Wood
	 	 
	 

	 	 	 	 	 	Title: Vice Chairman, CFO	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Gerard J. Anderson
 

Name: Gerard J. Anderson
	 	 
	 

	 	 	 	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	BROWN-FORMAN BEVERAGES,
EUROPE, LTD,	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Paul W. Pape
 

Name: Paul W. Pape
	 	 
	 

	 	 	 	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Charles E. Scholtz
 

Name: Charles E. Scholtz
	 	 
	 

	 	 	 	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A., 
individually
and as
 Administrative Agent,	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Thomas T. Hou
 

Name: Thomas T. Hou
	 	 
	 

	 	 	 	 	 	Title: Executive Director	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	J.P. MORGAN EUROPE LIMITED,
as London Agent,	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Ching Loh
 

Name: Ching Loh
	 	 
	 

	 	 	 	 	 	Title: Associate	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.,
individually and as
Syndication Agent,	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ David L. Catherall
 

Name: David L. Catherall
	 	 
	 

	 	 	 	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	CITICORP NORTH AMERICA, INC.,
individually and
as
Co-Documentation Agent,	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ John P. Judge
 

Name: John P. Judge
	 	 
	 

	 	 	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	BARCLAYS BANK PLC,
individually and as
Co-Documentation Agent,	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Nicholas Bell
 

Name: Nicholas Bell
	 	 
	 

	 	 	 	 	 	Title: Director	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	NATIONAL CITY BANK,
individually and as
Co-Documentation Agent,	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Deroy Scott
 

Name: Deroy Scott
	 	 
	 

	 	 	 	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	WACHOVIA BANK, 
individually and as
Co-Documentation Agent,	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Beth Rue
 

Name: Beth Rue
	 	 
	 

	 	 	 	 	 	Title: Vice President	 	 

 

 

SIGNATURE PAGE TO

BROWN-FORMAN CORPORATION

FIVE-YEAR CREDIT AGREEMENT

	 	 	 	 	 	 	 	 	 
	 	 	Fifth Third Bank:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ David O’Neal
 

Name: David O’Neal
	 	 
	 

	 	 	 	 	 	Title: Vice President	 	 

 

 

SIGNATURE PAGE TO

BROWN-FORMAN CORPORATION

FIVE-YEAR CREDIT AGREEMENT

	 	 	 	 	 	 	 	 	 
	 	 	Name of Institution: SunTrust Bank	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ Bryan W. Ford
 

Name: Bryan W. Ford
	 	 
	 

	 	 	 	 	 	Title: Director	 	 

 

 

SIGNATURE PAGE TO

BROWN-FORMAN CORPORATION

FIVE-YEAR CREDIT AGREEMENT

	 	 	 	 	 	 	 	 	 
	 	 	Name of Institution: The Bank of Nova Scotia	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ M.D. Smith
 

Name: M.D. Smith
	 	 
	 

	 	 	 	 	 	Title: Agent Operations	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	For any Lender that requires a second signature line:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	 
 

Name:
	 	 
	 

	 	 	 	 	 	Title:	 	 

 

 

SIGNATURE PAGE TO

BROWN-FORMAN CORPORATION

FIVE-YEAR CREDIT AGREEMENT

	 	 	 	 	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	by
	 	/s/ David A. Wombwell
 

Name: David A. Wombwell
	 	 
	 

	 	 	 	 	 	Title: Senior Vice President	 	 

 

 

SIGNATURE PAGE TO

BROWN-FORMAN CORPORATION

FIVE-YEAR CREDIT AGREEMENT

	 	 	 	 	 	 	 	 	 
	 	 	Name of Institution:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	By Cooperatieve Centrale
Raiffeisen-
Boerenleenbank B.A. “Rabobank

Nederland”, New York Branch	 	 
	 

	 	 	 	 	 	/s/ Garrett O’ Malley
 

Name: Garrett O’ Malley
	 	 
	 

	 	 	 	 	 	Title: Executive Director	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	For any Lender that requires a second signature line:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	By Cooperatieve Centrale
Raiffeisen-
Boerenleenbank B.A. “Rabobank

Nederland”, New York Branch	 	 
	 

	 	 	 	 	 	/s/ Brett Delfino
 

Name: Brett Delfino
	 	 
	 

	 	 	 	 	 	Title: Executive Director	 	 

 

 

SIGNATURE PAGE TO

BROWN-FORMAN CORPORATION

FIVE-YEAR CREDIT AGREEMENT

	 	 	 	 	 	 	 	 	 
	 	 	Name of Institution: UniCredito Italiano	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By
	 	/s/ Maurizio Brentegani
 

Name: Maurizio Brentegani
	 	 
	 

	 	 	 	 	 	Title: S.V.P. & General Manager	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	For any Lender that requires a second signature line:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By
	 	/s/ Charles Michael
 

Name: Charles Michael
	 	 
	 

	 	 	 	 	 	Title: Vice PresidentEX-10.1

 

Exhibit 10.1

EXECUTION COPY

 

[Published CUSIP Numbers: ____]

$854,000,000

AMENDED AND RESTATED CREDIT AGREEMENT

Dated as of April 27, 2007

among

IASIS HEALTHCARE LLC,

as Borrower,

IASIS HEALTHCARE CORPORATION,

as Holdings,

BANK OF AMERICA, N.A.,

as Administrative Agent, Swing Line Lender,

Revolving L/C Issuer and Synthetic L/C Issuer,

and

THE OTHER LENDERS PARTY HERETO

 

CITIGROUP GLOBAL MARKETS INC.,

as Syndication Agent,

LEHMAN COMMERCIAL PAPER INC. and

MERRILL LYNCH CAPITAL CORPORATION,

as Co-Documentation Agents,

BANC OF AMERICA SECURITIES LLC and

CITIGROUP GLOBAL MARKETS INC.,

as Joint Lead Arrangers,

BANC OF AMERICA SECURITIES LLC,

CITIGROUP GLOBAL MARKETS INC.,

LEHMAN BROTHERS INC. and

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

as Joint Book Managers,

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page
	ARTICLE I
	DEFINITIONS AND ACCOUNTING TERMS
	 
	 	 	 	 	 	 
	SECTION 1.01.
	 	Defined Terms.	 	 	2	 
	SECTION 1.02.
	 	Other Interpretive Provisions	 	 	56	 
	SECTION 1.03.
	 	Accounting Terms	 	 	56	 
	SECTION 1.04.
	 	Rounding	 	 	57	 
	SECTION 1.05.
	 	References to Agreements, Laws, Etc	 	 	57	 
	SECTION 1.06.
	 	Times of Day	 	 	57	 
	SECTION 1.07.
	 	Timing of Payment or Performance	 	 	57	 
	 
	 	 	 	 	 	 
	ARTICLE II
	THE COMMITMENTS AND CREDIT EXTENSIONS
	 
	 	 	 	 	 	 
	SECTION 2.01.
	 	The Loans	 	 	57	 
	SECTION 2.02.
	 	Borrowings, Conversions and Continuations of Loans	 	 	59	 
	SECTION 2.03.
	 	Letters of Credit	 	 	61	 
	SECTION 2.04.
	 	Swing Line Loans	 	 	72	 
	SECTION 2.05.
	 	Prepayments	 	 	75	 
	SECTION 2.06.
	 	Termination or Reduction of Commitments	 	 	79	 
	SECTION 2.07.
	 	Repayment of Loans	 	 	80	 
	SECTION 2.08.
	 	Interest	 	 	80	 
	SECTION 2.09.
	 	Fees	 	 	81	 
	SECTION 2.10.
	 	Computation of Interest and Fees	 	 	83	 
	SECTION 2.11.
	 	Evidence of Indebtedness	 	 	83	 
	SECTION 2.12.
	 	Payments Generally	 	 	84	 
	SECTION 2.13.
	 	Sharing of Payments	 	 	86	 
	SECTION 2.14.
	 	Incremental Credit Extensions	 	 	86	 
	 
	 	 	 	 	 	 
	ARTICLE III
	TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY

i

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	SECTION 3.01.
	 	Taxes	 	 	89	 
	SECTION 3.02.
	 	Illegality	 	 	93	 
	SECTION 3.03.
	 	Inability to Determine Rates	 	 	94	 
	SECTION 3.04.
	 	Increased Cost and Reduced Return; Capital Adequacy; Reserves on LIBOR Loans	 	 	94	 
	SECTION 3.05.
	 	Funding Losses	 	 	95	 
	SECTION 3.06.
	 	Matters Applicable to All Requests for Compensation	 	 	95	 
	SECTION 3.07.
	 	Replacement of Lenders under Certain Circumstances	 	 	96	 
	SECTION 3.08.
	 	Survival	 	 	98	 
	 
	 	 	 	 	 	 
	ARTICLE IV
	CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	 
	 	 	 	 	 	 
	SECTION 4.01.
	 	Conditions to Initial Credit Extension	 	 	98	 
	SECTION 4.02.
	 	Conditions to All Credit Extensions	 	 	100	 
	 
	 	 	 	 	 	 
	ARTICLE V
	REPRESENTATIONS AND WARRANTIES
	 
	 	 	 	 	 	 
	SECTION 5.01.
	 	Existence, Qualification and Power; Compliance with Laws	 	 	101	 
	SECTION 5.02.
	 	Authorization; No Contravention	 	 	101	 
	SECTION 5.03.
	 	Governmental Authorization	 	 	101	 
	SECTION 5.04.
	 	Binding Effect	 	 	101	 
	SECTION 5.05.
	 	Financial Statements; No Material Adverse Effect	 	 	102	 
	SECTION 5.06.
	 	Litigation	 	 	102	 
	SECTION 5.07.
	 	Ownership of Property; Liens	 	 	102	 
	SECTION 5.08.
	 	Environmental Matters	 	 	103	 
	SECTION 5.09.
	 	Taxes	 	 	103	 
	SECTION 5.10.
	 	ERISA Compliance	 	 	103	 
	SECTION 5.11.
	 	Subsidiaries	 	 	103	 
	SECTION 5.12.
	 	Margin Regulations; Investment Company Act	 	 	104	 
	SECTION 5.13.
	 	Disclosure	 	 	104	 
	SECTION 5.14.
	 	Intellectual Property; Licenses, Etc	 	 	104	 
	SECTION 5.15.
	 	Labor Matters	 	 	104	 

ii

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	SECTION 5.16.
	 	Solvency	 	 	105	 
	SECTION 5.17.
	 	Subordination of Junior Financing	 	 	105	 
	 
	 	 	 	 	 	 
	ARTICLE VI
	AFFIRMATIVE COVENANTS
	 
	 	 	 	 	 	 
	SECTION 6.01.
	 	Financial Statements	 	 	105	 
	SECTION 6.02.
	 	Certificates; Other Information	 	 	106	 
	SECTION 6.03.
	 	Notices	 	 	108	 
	SECTION 6.04.
	 	Payment of Obligations	 	 	108	 
	SECTION 6.05.
	 	Preservation of Existence, Etc	 	 	109	 
	SECTION 6.06.
	 	Maintenance of Properties	 	 	109	 
	SECTION 6.07.
	 	Maintenance of Insurance	 	 	109	 
	SECTION 6.08.
	 	Compliance with Laws	 	 	109	 
	SECTION 6.09.
	 	Books and Records	 	 	109	 
	SECTION 6.10.
	 	Inspection Rights	 	 	110	 
	SECTION 6.11.
	 	Covenant to Guarantee Obligations and Give Security	 	 	110	 
	SECTION 6.12.
	 	Compliance with Environmental Laws	 	 	112	 
	SECTION 6.13.
	 	Further Assurances and Post-Closing Conditions	 	 	112	 
	SECTION 6.14.
	 	Designation of Subsidiaries	 	 	113	 
	 
	 	 	 	 	 	 
	ARTICLE VII
	NEGATIVE COVENANTS
	 
	 	 	 	 	 	 
	SECTION 7.01.
	 	Liens	 	 	114	 
	SECTION 7.02.
	 	Investments	 	 	118	 
	SECTION 7.03.
	 	Indebtedness	 	 	123	 
	SECTION 7.04.
	 	Fundamental Changes	 	 	127	 
	SECTION 7.05.
	 	Dispositions	 	 	129	 
	SECTION 7.06.
	 	Restricted Payments	 	 	133	 
	SECTION 7.07.
	 	Change in Nature of Business	 	 	136	 
	SECTION 7.08.
	 	Transactions with Affiliates	 	 	136	 
	SECTION 7.09.
	 	Burdensome Agreements	 	 	138	 
	SECTION 7.10.
	 	Use of Proceeds	 	 	139	 

iii

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	SECTION 7.11.
	 	Accounting Changes	 	 	139	 
	SECTION 7.12.
	 	Prepayments, Etc. of Indebtedness	 	 	139	 
	SECTION 7.13.
	 	Equity Interests of Certain Restricted Subsidiaries	 	 	140	 
	SECTION 7.14.
	 	Holdings	 	 	140	 
	 
	 	 	 	 	 	 
	ARTICLE VIII
	EVENTS OF DEFAULT AND REMEDIES
	 
	 	 	 	 	 	 
	SECTION 8.01.
	 	Events of Default	 	 	141	 
	SECTION 8.02.
	 	Remedies Upon Event of Default	 	 	143	 
	SECTION 8.03.
	 	Application of Funds	 	 	144	 
	SECTION 8.04.
	 	Replacement of Revolving Credit Lenders under Certain Circumstances	 	 	145	 
	 
	 	 	 	 	 	 
	ARTICLE IX
	ADMINISTRATIVE AGENT AND OTHER AGENTS
	 
	 	 	 	 	 	 
	SECTION 9.01.
	 	Appointment and Authorization of Agents	 	 	146	 
	SECTION 9.02.
	 	Delegation of Duties	 	 	148	 
	SECTION 9.03.
	 	Liability of Agents	 	 	148	 
	SECTION 9.04.
	 	Reliance by Agents	 	 	148	 
	SECTION 9.05.
	 	Notice of Default	 	 	149	 
	SECTION 9.06.
	 	Credit Decision; Disclosure of Information by Agents	 	 	149	 
	SECTION 9.07.
	 	Indemnification of Agents	 	 	150	 
	SECTION 9.08.
	 	Agents in their Individual Capacities	 	 	150	 
	SECTION 9.09.
	 	Resignation of Administrative Agent	 	 	151	 
	SECTION 9.10.
	 	Administrative Agent May File Proofs of Claim	 	 	151	 
	SECTION 9.11.
	 	Collateral and Guaranty Matters	 	 	152	 
	SECTION 9.12.
	 	Other Agents; Arrangers and Managers	 	 	153	 
	SECTION 9.13.
	 	Appointment of Supplemental Administrative Agents	 	 	154	 
	 
	 	 	 	 	 	 
	ARTICLE X
	MISCELLANEOUS
	 
	 	 	 	 	 	 
	SECTION 10.01.
	 	Amendments, Etc	 	 	155	 

iv

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	SECTION 10.02.
	 	Notices and Other Communications; Facsimile Copies	 	 	157	 
	SECTION 10.03.
	 	No Waiver; Cumulative Remedies	 	 	159	 
	SECTION 10.04.
	 	Attorney Costs and Expenses	 	 	159	 
	SECTION 10.05.
	 	Indemnification by the Borrower	 	 	159	 
	SECTION 10.06.
	 	Payments Set Aside	 	 	160	 
	SECTION 10.07.
	 	Successors and Assigns	 	 	161	 
	SECTION 10.08.
	 	Confidentiality	 	 	165	 
	SECTION 10.09.
	 	Setoff	 	 	166	 
	SECTION 10.10.
	 	Interest Rate Limitation	 	 	167	 
	SECTION 10.11.
	 	Counterparts	 	 	167	 
	SECTION 10.12.
	 	Integration	 	 	167	 
	SECTION 10.13.
	 	Survival of Representations and Warranties	 	 	168	 
	SECTION 10.14.
	 	Severability	 	 	168	 
	SECTION 10.15.
	 	GOVERNING LAW	 	 	168	 
	SECTION 10.16.
	 	WAIVER OF RIGHT TO TRIAL BY JURY	 	 	168	 
	SECTION 10.17.
	 	Binding Effect	 	 	169	 
	SECTION 10.18.
	 	Lender Action	 	 	169	 
	SECTION 10.19.
	 	USA PATRIOT Act	 	 	169	 
	SECTION 10.20.
	 	No Advisory or Fiduciary Responsibility	 	 	169	 
	SCHEDULES
	 	 	 	 	 	 
	I
	 	Guarantors	 	 	 	 
	II
	 	Pledgors	 	 	 	 
	1.01A
	 	Unrestricted Subsidiaries	 	 	 	 
	1.01B
	 	Excluded Subsidiaries	 	 	 	 
	2.01A
	 	Revolving Credit Commitment	 	 	 	 
	2.01B
	 	Initial Term Commitment	 	 	 	 
	2.01C
	 	Delayed Draw Term Commitment	 	 	 	 
	2.01D
	 	Synthetic Letter of Credit Facility Commitment	 	 	 	 
	2.03(a)(iv)
	 	Existing Letters of Credit	 	 	 	 
	5.07
	 	Material Real Property	 	 	 	 
	5.08
	 	Environmental Matters	 	 	 	 
	5.09
	 	Certain Tax Proceedings	 	 	 	 
	5.11
	 	Subsidiaries	 	 	 	 
	5.15
	 	Labor Matters	 	 	 	 
	7.01(b)
	 	Existing Liens	 	 	 	 
	7.02(g)
	 	Existing Investments	 	 	 	 
	7.03(b)
	 	Existing Indebtedness	 	 	 	 

v

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	7.08
	 	Transactions with Affiliates	 	 	 	 
	7.09
	 	Existing Restrictions	 	 	 	 
	10.02
	 	Administrative Agent’s Office, Certain Addresses for Notices	 	 	 	 
	 
	 	 	 	 	 	 
	EXHIBITS
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Form of
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	A
	 	Committed Loan Notice	 	 	 	 
	B
	 	Swing Line Loan Notice	 	 	 	 
	C-1
	 	Initial Term Note	 	 	 	 
	C-2
	 	Delayed Draw Term Note	 	 	 	 
	C-3
	 	Revolving Credit Note	 	 	 	 
	C-4
	 	Synthetic L/C Note	 	 	 	 
	D
	 	Compliance Certificate	 	 	 	 
	E
	 	Assignment and Assumption	 	 	 	 
	F
	 	Guaranty	 	 	 	 
	G
	 	Security Agreement	 	 	 	 
	H-1
	 	Form of Legal Opinion of Cleary Gottlieb Steen & Hamilton LLP	 	 	 	 
	H-2
	 	Form of Legal Opinion of Bass, Berry & Sims PLC	 	 	 	 
	H-3
	 	Form of Legal Opinion of Richards, Layton & Finger LLP	 	 	 	 
	I
	 	Drag-Along Rights Agreement	 	 	 	 
	J
	 	Portfolio Interest	 	 	 	 

vi

 

AMENDED AND RESTATED CREDIT AGREEMENT

          This AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) is entered into as of April 27,
2007, among IASIS HEALTHCARE LLC, a Delaware limited liability company (the “Borrower”), IASIS
HEALTHCARE CORPORATION, a Delaware corporation (“Holdings”), BANK OF AMERICA, N.A., as
Administrative Agent, Swing Line Lender, Revolving L/C Issuer and Synthetic L/C Issuer, and each
lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”).

PRELIMINARY STATEMENTS

          A revolving credit and term loan facility exists in favor of the Borrower pursuant to the
terms of that Amended and Restated Credit Agreement, dated as of June 22, 2004, among the Borrower,
Holdings, the subsidiaries of the Borrower party thereto, the lenders from time to time party
thereto and Bank of America, as administrative agent, L/C issuer and swingline lender (the
“Existing Credit Agreement”).

          The parties hereto wish to amend and restate the Existing Credit Agreement in the form of this
Agreement and the Lenders will extend credit to the Borrower in the form of (i) Initial Term Loans
in an initial aggregate principal amount of $439,000,000, (ii) a Delayed Draw Term Loan Facility in
an initial aggregate principal amount of $150,000,000, (iii) a Revolving Credit Facility in an
initial aggregate principal amount of $225,000,000 and (iv) a Synthetic L/C Facility in
an initial aggregate principal amount of $40,000,000. The Revolving Credit Facility may include
one or more Letters of Credit from time to time and one or more Swing Line Loans from time to time.

          The proceeds of the Initial Term Loans will be used to finance the repayment of amounts
outstanding under the Existing Credit Agreement and the Transaction Expenses and for working
capital and other general business purposes of the Borrower and its Subsidiaries. The proceeds of
the Delayed Draw Term Loans and the Revolving Credit Loans made after the Closing Date will be used
for working capital and other general business purposes of the Borrower and its Subsidiaries,
including the financing of Capital Expenditures, Permitted Acquisitions and other Investments
permitted by Section 7.02. Swing Line Loans and Letters of Credit will be used for general
business purposes of the Borrower and its Subsidiaries.

          This Agreement is given in replacement of and substitution for the Existing Credit Agreement
and to refinance the Existing Credit Agreement.

          The applicable Lenders have indicated their willingness to lend, and the L/C Issuers have
indicated their willingness to issue Letters of Credit, in each case, on the terms and subject to
the conditions set forth herein.

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

1

 

ARTICLE I

Definitions and Accounting Terms

          SECTION 1.01. Defined Terms. As used in this Agreement, the following terms shall
have the meanings set forth below:

          “Acquired EBITDA” means, with respect to any Acquired Entity or Business or any Converted
Restricted Subsidiary for any period, the amount for such period of Consolidated EBITDA of such
Acquired Entity or Business or Converted Restricted Subsidiary (determined using such definitions
as if references to the Borrower and the Restricted Subsidiaries therein were to such Acquired
Entity or Business and its Subsidiaries or such Converted Restricted Subsidiary and its
Subsidiaries, as the case may be), all as determined on a consolidated basis for such Acquired
Entity or Business or Converted Restricted Subsidiary.

          “Acquired Entity or Business” has the meaning specified in the definition of the term
“Consolidated EBITDA”.

          “Additional Lender” has the meaning specified in Section 2.14(a).

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

          “Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate,
account as set forth on Schedule 10.02, or such other address or account as the
Administrative Agent may from time to time notify the Borrower and the Lenders.

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

          “Affiliate” means, with respect to any Person, another Person that directly, or indirectly
through one or more intermediaries, Controls or is Controlled by or is under common Control with
the Person specified. “Control” means the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of a Person, whether through the
ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have
meanings correlative thereto. For the avoidance of doubt, none of the Arrangers, the Agents, their
respective lending affiliates or any entity acting as an L/C Issuer hereunder shall be deemed to be
an Affiliate of Holdings, the Borrower or any of their respective Subsidiaries.

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

2

 

          “Agents” means, collectively, the Administrative Agent, the Syndication Agent, the
Co-Documentation Agents and the Supplemental Administrative Agents (if any) and the Arrangers.

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

          “Agreement” means this Amended and Restated Credit Agreement, as amended, restated, modified
or supplemented from time to time in accordance with the terms hereof.

          “Applicable Rate” means a percentage per annum equal to (a) until the first Business Day
immediately following the date the Borrower delivers the Compliance Certificate for the fiscal
quarter ending June 30, 2007 pursuant to Section 6.02(a), (i) for LIBOR Loans that are Revolving
Credit Loans, 1.75%, (ii) for Base Rate Loans that are Revolving Credit Loans, 0.75%, (iii) for
Revolving Letter of Credit fees, 1.75%, (iv) for commitment fees, 0.50%, (v) for LIBOR Loans that
are Term Loans, 2.00%, (vi) for Base Rate Loans that are Term Loans, 1.00% and (vii) for Synthetic
Letter of Credit fees, 2.00%, and (b) thereafter, the following percentages per annum, based upon
the Senior Secured Leverage Ratio as set forth in the most recent Compliance Certificate received
by the Administrative Agent pursuant to Section 6.02(a):

Applicable Rate

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	LIBOR for	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Revolving	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Credit Loans	 	Base Rate	 	 	 	 	 	LIBOR for	 	 
	 	 	 	 	 	 	and	 	for	 	 	 	 	 	Term Loans	 	 
	 	 	 	 	 	 	Revolving	 	Revolving	 	 	 	 	 	and Synthetic	 	Base Rate
	Pricing	 	Senior Secured	 	Letter of	 	Credit	 	Commitment	 	Letter of	 	for
	Level	 	Leverage Ratio	 	Credit Fees	 	Loans	 	Fee Rate	 	Credit Fees	 	Term Loans
	1
	 	>2.25 to 1.00	 	 	1.75	%	 	 	0.75	%	 	 	0.50	%	 	 	2.00	%	 	 	1.00	%
	2
	 	<2.25 to 1.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	but >1.75 to	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	1.00	 	 	 	1.50	%	 	 	0.50	%	 	 	0.375	%	 	 	2.00	%	 	 	1.00	%
	3
	 	<1.75 to 1.00	 	 	1.25	%	 	 	0.25	%	 	 	0.375	%	 	 	2.00	%	 	 	1.00	%

Any increase or decrease in the Applicable Rate resulting from a change in the Senior Secured
Leverage Ratio shall become effective as of the first Business Day immediately following the date a
Compliance Certificate is delivered pursuant to Section 6.02(a); provided that, at the option of
the Required Lenders, Pricing Level 1 shall apply as of the first Business Day after the date on
which a Compliance Certificate was required to have been delivered but was not delivered, and shall
continue to so apply to and including the date on which such Compliance Certificate is so delivered
(and thereafter the Pricing Level otherwise determined in accordance with this definition shall
apply).

          “Appropriate Lender” means, at any time, (a) with respect to Loans of any Class, the Lenders
of such Class, (b) with respect to any Letters of Credit, (i) the relevant L/C Issuers and (ii)(x)
with respect to any Revolving Letters of Credit issued pursuant to

3

 

Section 2.03(a), the Revolving Credit Lenders and (y) with respect to any Synthetic Letters of
Credit issued pursuant to Section 2.03(a), the Synthetic L/C Lenders and (c) with respect to the
Swing Line Facility, (i) the Swing Line Lender and (ii) if any Swing Line Loans are outstanding
pursuant to Section 2.04(a), the Revolving Credit Lenders.

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

          “Arrangers” means Banc of America Securities LLC and Citigroup Global Markets Inc., each in
its capacity as a Joint Lead Arranger under this Agreement.

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

          “Assignees” has the meaning specified in Section 10.07(b).

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

          “Attorney Costs” means all reasonable fees, expenses and disbursements of any law firm or
other external legal counsel.

          “Attributable Indebtedness” means, on any date, in respect of any Capitalized Lease of any
Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared
as of such date in accordance with GAAP.

          “Audited Financial Statements” means the audited consolidated balance sheet of the Borrower as
of September 30, 2006, and the related audited consolidated statements of operations, members’
equity and cash flows for the Borrower for the fiscal year ended September 30, 2006.

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

          “Available Amount” means, at any time (the “Reference Date”), the sum of:

     (i) $98,500,000; plus

     (ii) an amount (which amount shall not be less than zero) equal to the greater of (A)
50% (which percentage shall be increased to 75% for any period when the Borrower’s Senior
Secured Leverage Ratio is less than or equal to 1.75 to 1.00) of Consolidated Net Income of
the Borrower and the Restricted Subsidiaries for the Available Amount Reference Period and
(B) (x) the cumulative amount of Excess Cash Flow of the Borrower and the Restricted
Subsidiaries for the Available Amount

4

 

Reference Period minus (y) the portion of such Excess Cash Flow that has been (or will
be) after the Closing Date and on or prior to the Reference Date applied to the prepayment
of Term Loans in accordance with Section 2.05(b)(i); plus

     (iii) the aggregate amount of Retained Declined Proceeds retained by the Borrower
during the period from and including the Business Day immediately following the Closing Date
through and including the Reference Date; plus

     (iv) the amount of any capital contributions or Net Cash Proceeds from Permitted Equity
Issuances (or issuances of debt securities that have been converted into or exchanged for
Qualified Equity Interests) received or made by the Borrower (or any direct or indirect
parent thereof and contributed by such parent to the Borrower) during the period from and
including the Business Day immediately following the Closing Date through and including the
Reference Date; plus

     (v) to the extent not (A) already included in the calculation of Consolidated Net
Income of the Borrower and the Restricted Subsidiaries or (B) already reflected as a return
of capital with respect to such Investment for purposes of determining the amount of such
Investment, the aggregate amount of all cash dividends and other cash distributions received
by the Borrower or any Restricted Subsidiary from any Minority Investments or Unrestricted
Subsidiaries during the period from and including the Business Day immediately following the
Closing Date through and including the Reference Date; plus

     (vi) to the extent not (A) already included in the calculation of Consolidated Net
Income of the Borrower and the Restricted Subsidiaries or (B) already reflected as a return
of capital with respect to such Investment for purposes of determining the amount of such
Investment, the aggregate amount of all cash repayments of principal received by the
Borrower or any Restricted Subsidiary from any Minority Investments or Unrestricted
Subsidiaries during the period from and including the Business Day immediately following the
Closing Date through and including the Reference Date in respect of loans or advances made
by the Borrower or any Restricted Subsidiary to such Minority Investments or Unrestricted
Subsidiaries; plus

     (vii) to the extent not (A) already included in the calculation of Consolidated Net
Income of the Borrower and the Restricted Subsidiaries, (B) already reflected as a return of
capital with respect to such Investment for purposes of determining the amount of such
Investment or (C) required to be applied to prepay Term Loans in accordance with Section
2.05(b)(i), the aggregate amount of all Net Cash Proceeds received by the Borrower or any
Restricted Subsidiary in connection with the sale, transfer or other disposition of its
ownership interest in any Minority Investment or Unrestricted Subsidiary during the period
from and including the Business Day immediately following the Closing Date through and
including the Reference Date; minus

5

 

     (viii) the aggregate amount of any Investments made pursuant to Section 7.02(d)(v) and
Section 7.02(n), any Restricted Payment made pursuant to Section 7.06(l) or any payment made
pursuant to Section 7.12(a)(iv) during the period commencing on the Closing Date and ending
on prior to the Reference Date (and, for purposes of this clause (viii), without taking
account of the intended usage of the Available Amount on such Reference Date).

          “Available Amount Reference Period” means, with respect to any Reference Date, the period
commencing January 1, 2007 and ending on the last day of the most recent fiscal quarter or fiscal
year, as applicable, for which financial statements required to be delivered pursuant to Section
6.01(a) or Section 6.01(b), and the related Compliance Certificate required to be delivered
pursuant to Section 6.02(a), have been received by the Administrative Agent.

          “Bank of America” means Bank of America, N.A.

          “Base Rate” means for any day a fluctuating rate per annum equal to the higher of (a) the
Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as
publicly announced from time to time by the Administrative Agent as its “prime rate.” The “prime
rate” is a rate set by the Administrative Agent based upon various factors including its 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 the Administrative Agent shall take effect at the opening of business on the
day specified in the public announcement of such change.

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

          “Board of Directors” means (1) with respect to a corporation, the board of directors of the
corporation or any committee thereof duly authorized to act on behalf of such board; (2) with
respect to a partnership, the Board of Directors of the general partner of the partnership; (3)
with respect to a limited liability company, the managing member or members or any controlling
committee of managing members thereof; and (4) with respect to any other Person, the board or
committee of such Person serving a similar function.

          “Borrower” has the meaning specified in the introductory paragraph to this Agreement.

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

          “Borrowing” means a Revolving Credit Borrowing, a Swing Line Borrowing, a Synthetic L/C
Borrowing or a Term Borrowing, as the context may require.

          “Budget” has the meaning specified in Section 6.01(c).

          “Business Day” means any day other than a Saturday, Sunday or other day on which commercial
banks are authorized to close under the Laws of, or are in fact closed in, the

6

 

jurisdiction where the Administrative Agent’s Office is located and if such day relates to any
LIBOR Loan or any fundings, disbursements, settlements and payments in respect of any such LIBOR
Loan, means any such day on which dealings in Dollar deposits are conducted by and between banks in
the London interbank eurodollar market.

          “Capital Expenditures” means, for any period, the aggregate of all expenditures (whether paid
in cash or accrued as liabilities and including in all events all amounts expended or capitalized
under Capitalized Leases) by the Borrower and the Restricted Subsidiaries during such period that,
in conformity with GAAP, are or are required to be included as capital expenditures on the
consolidated statement of cash flows of the Borrower and the Restricted Subsidiaries.

          “Capitalized Lease Obligation” means, at the time any determination thereof is to be made, the
amount of the liability in respect of a Capitalized Lease that would at such time be required to be
capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto)
prepared in accordance with GAAP.

          “Capitalized Leases” means all leases that have been or are required to be, in accordance with
GAAP, recorded as capitalized leases; provided that for all purposes hereunder the amount of
obligations under any Capitalized Lease shall be the amount thereof accounted for as a liability in
accordance with GAAP.

          “Cash Collateral” has the meaning specified in Section 2.03(f).

          “Cash Collateral Account” means a blocked account at Bank of America (or another commercial
bank selected in compliance with Section 9.09) in the name of the Administrative Agent and under
the sole dominion and control of the Administrative Agent, and otherwise established in a manner
satisfactory to the Administrative Agent.

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

          “Cash Equivalents” means any of the following types of Investments, to the extent owned by the
Borrower or any Restricted Subsidiary:

     (1) Dollars;

     (2) securities issued or directly and fully and unconditionally guaranteed or insured
by the United States government or any agency or instrumentality thereof the securities of
which are unconditionally guaranteed as a full faith and credit obligation of such
government with maturities of 24 months or less from the date of acquisition;

     (3) certificates of deposit, time deposits and eurodollar time deposits with maturities
of two years or less from the date of acquisition, bankers’ acceptances with maturities not
exceeding two years and overnight bank deposits, in each case with any domestic commercial
bank having capital and surplus of not less than $250,000,000;

7

 

     (4) repurchase obligations for underlying securities of the types described in clauses
(2), (3) and (6) entered into with any financial institution meeting the qualifications
specified in clause (3) above;

     (5) commercial paper rated at least P-1 by Moody’s or at least A-1 by S&P (or, if at
any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from
another nationally recognized statistical rating agency selected by the Borrower) and in
each case maturing within 24 months after the date of creation thereof and Indebtedness or
preferred stock issued by Persons with a rating of “A” or higher from S&P or “A2” or higher
from Moody’s with maturities of 24 months or less from the date of acquisition;

     (6) marketable short-term money market and similar funds either having (A) assets in
excess of $250,000,000 or (B) a rating of at least P-2 or A-2 from either Moody’s or S&P,
respectively (or, if at any time neither Moody’s nor S&P shall be rating such obligations,
an equivalent rating from another nationally recognized statistical rating agency selected
by the Borrower);

     (7) readily marketable direct obligations issued by any state, commonwealth or
territory of the United States or any political subdivision or taxing authority thereof
having an Investment Grade Rating from either Moody’s or S&P (or, if at any time neither
Moody’s nor S&P shall be rating such obligations, an equivalent rating from another
nationally recognized statistical rating agency selected by the Borrower) with maturities of
24 months or less from the date of acquisition;

     (8) readily marketable direct obligations issued by any foreign government or any
political subdivision or public instrumentality thereof, in each case having an Investment
Grade Rating from either Moody’s or S&P (or, if at any time neither Moody’s nor S&P shall be
rating such obligations, an equivalent rating from another nationally recognized statistical
rating agency selected by the Borrower) with maturities of 24 months or less from the date
of acquisition; and

     (9) investment funds investing at least 90% of their assets in securities of the types
described in clauses (1) through (8) above.

          “Cash Management Bank” means any Person that is a Lender or an Affiliate of a Lender at the
time it provides any Cash Management Services.

          “Cash Management Obligations” means obligations owed by the Borrower or any Restricted
Subsidiary to any Cash Management Bank in respect of or in connection with any Cash Management
Services.

          “Cash Management Services” means treasury, depository and cash management services and any
automated clearing house fund transfer services.

8

 

          “Casualty Event” means any event that gives rise to the receipt by the Borrower or any
Restricted Subsidiary of any insurance proceeds or condemnation awards in respect of any equipment,
fixed assets or real property (including any improvements thereon) to replace or repair such
equipment, fixed assets or real property.

          “Change of Control” means the earliest to occur of:

     (a) (i) at any time prior to the consummation of a Qualifying IPO, the Permitted
Holders ceasing to own, in the aggregate, directly or indirectly, beneficially and of
record, at least thirty-five (35)% of the then outstanding voting stock of Holdings; or

     (ii) at any time upon or after the consummation of a Qualifying IPO, any “person” or
“group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act, but
excluding any employee benefit plan of such person and its Subsidiaries, and any person or
entity acting in its capacity as trustee, agent or other fiduciary or administrator of any
such plan), excluding the Permitted Holders, becomes the “beneficial owner” (as defined in
Rules 13(d)-3 and 13(d)-5 under such Act), directly or indirectly, of more than the greater
of (x) thirty-five (35)% of the then outstanding voting stock of Holdings and (y) the
percentage of the then outstanding voting stock of Holdings owned, directly or indirectly,
beneficially and of record, by the Permitted Holders;

     unless, in the case of either clause (a)(i) or (a)(ii) above, the Permitted Holders
have, at such time, the right or the ability by voting power, contract or otherwise to elect
or designate for election at least a majority of the Board of Directors of Holdings; or

          (b) the Board of Directors of Holdings shall cease to consist of a majority of the Continuing
Directors; or

          (c) any “Change of Control” (or any comparable term) in any document pertaining to the Senior
Subordinated Notes Indenture or any Qualified Holding Company Debt; or

          (d) subject to Section 7.04, the Borrower ceases to be a direct Wholly Owned Subsidiary of
Holdings.

          “Class” (a) when used with respect to Lenders, refers to whether such Lenders are Revolving
Credit Lenders, Synthetic L/C Lenders, Initial Term Lenders or Delayed Draw Term Lenders, (b) when
used with respect to Commitments, refers to whether such Commitments are Revolving Credit
Commitments, Synthetic L/C Commitments, Initial Term Commitments or Delayed Draw Term Commitments
and (c) when used with respect to Loans or a Borrowing, refers to whether such Loans, or the Loans
comprising such Borrowing, are Revolving Credit Loans, Synthetic L/C Loans, Initial Term Loans or
Delayed Draw Term Loans.

9

 

          “Closing Date” means the first date on which all the conditions precedent in Section 4.01 are
satisfied or waived in accordance with Section 10.01.

          “Closing Equity Payments” means the repurchase by Holdings of a portion of its outstanding
preferred stock and options in an aggregate amount approximately equal to $297,000,000 on or about
the Closing Date.

          “Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time, and the
regulations thereunder.

          “Co-Documentation Agents” means Lehman Commercial Paper Inc. and Merrill Lynch Capital
Corporation, each in its capacity as a Co-Documentation Agent under this Agreement.

          “Collateral” means all the “Collateral” as defined in any Collateral Document and shall
include the Mortgaged Properties.

          “Collateral and Guarantee Requirement” means, at any time, the requirement that:

     (a) the Administrative Agent shall have received each Collateral Document required to
be delivered on the Closing Date pursuant to Section 4.01(a)(iii) or pursuant to Section
6.11 or Section 6.13 at such time, duly executed by each Loan Party thereto;

     (b) all Obligations shall have been unconditionally guaranteed (the “Guarantees”) by
Holdings, each Wholly Owned Material Subsidiary of the Borrower that is not an Excluded
Subsidiary and each entity that is listed on Schedule I hereto (each, a
“Guarantor”);

     (c) the Obligations and the Guarantees shall have been secured, to the extent permitted
by contract provisions or applicable law, by a first-priority security interest in (i) all
the Equity Interests of the Borrower, (ii) all Equity Interests (other than Equity Interests
of Unrestricted Subsidiaries (other than Equity Interests of Permitted JVs directly owned by
a Loan Party, which shall not be so excluded) and any Equity Interest of any Restricted
Subsidiary pledged to secure Indebtedness permitted under Section 7.03(g) or Section
7.03(h)) of each Subsidiary of the Borrower or any Guarantor or any Pledgor that is directly
owned by the Borrower or such Guarantor or such Pledgor and (iii) 65% of the issued and
outstanding voting Equity Interests (and 100% of the issued and outstanding non-voting
Equity Interests, if any) of each Wholly Owned Foreign Subsidiary that is directly owned by
the Borrower or any Domestic Subsidiary of the Borrower that is a Guarantor or a Pledgor, in
each case pursuant to such security documentation (including additional security documents
to be executed by a Pledgor) as may be reasonably requested by the Administrative Agent;

10

 

     (d) except to the extent otherwise provided hereunder or under any Collateral Document,
the Obligations and the Guarantees shall have been secured by a perfected security interest
(to the extent such security interest may be perfected by delivering certificated
securities, filing UCC financing statements or making any necessary filings with the United
States Patent and Trademark Office or United States Copyright Office) in substantially all
tangible and intangible personal property of the Borrower and each Guarantor and Pledgor
(including accounts (other than deposit accounts or other bank or securities accounts and
any Securitization Assets), inventory, equipment, investment property, contract rights,
intellectual property, other general intangibles, and proceeds of the foregoing); provided
that a security interest will not be granted in (i) those assets with respect to which the
granting of a security interest in such assets would be prohibited by contract provisions or
applicable law or the Organization Documents of any non-Wholly Owned Subsidiary, or to the
extent that such security interests would result in adverse tax or accounting consequences
as reasonably determined by the Borrower, (ii) vehicles and other assets subject to
certificates of title, (iii) letter of credit rights, (iv) commercial tort claims and (v)
any assets or properties that are acquired pursuant to a Permitted Acquisition (or that are
owned by a Subsidiary acquired pursuant to a Permitted Acquisition), so long as (and only so
long as) such assets or properties are subject to a Lien permitted by Section 7.01(n);

     (e) none of the Collateral shall be subject to any Liens other than Liens permitted by
Section 7.01; and

     (f) the Administrative Agent shall have received (i) counterparts of a Mortgage with
respect to each Material Real Property required to be delivered pursuant to Section 6.11 and
6.13(b) (the “Mortgaged Properties”) duly executed and delivered by the record owner of such
property, (ii) a policy or policies of title insurance issued by a nationally recognized
title insurance company insuring the Lien of each such Mortgage as a valid Lien on the
property described therein, free of any other Liens except as expressly permitted by Section
7.01, together with such endorsements, coinsurance and reinsurance as the Administrative
Agent may reasonably request, and (iii) such existing surveys, existing abstracts and
existing appraisals in the possession of the Borrower and such legal opinions and other
documents as the Administrative Agent may reasonably request with respect to any such
Mortgaged Property.

          The foregoing definition shall not require the creation or perfection of pledges of or
security interests in, or the obtaining of title insurance or surveys with respect to, particular
assets if and for so long as, in the reasonable judgment of the Administrative Agent and the
Borrower, the cost of creating or perfecting such pledges or security interests in such assets or
obtaining title insurance or surveys in respect of such assets shall be excessive in view of the
benefits to be obtained by the Lenders therefrom.

          The Administrative Agent may grant extensions of time for the perfection of security interests
in or the obtaining of title insurance and surveys with respect to particular

11

 

assets (including extensions beyond the Closing Date for the perfection of security interests
in the assets of the Loan Parties on such date) where it reasonably determines, in consultation
with the Borrower, that perfection cannot be accomplished without undue effort or expense by the
time or times at which it would otherwise be required by this Agreement or the Collateral
Documents.

          “Collateral Documents” means, collectively, the Security Agreement, the Mortgages, each of the
mortgages, collateral assignments, Security Agreement Supplements, security agreements, pledge
agreements or other similar agreements delivered to the Administrative Agent and the Lenders
pursuant to Section 6.11 or Section 6.13, the Guaranty and each of the other agreements,
instruments or documents that creates or purports to create a Lien or Guarantee in favor of the
Administrative Agent for the benefit of the Secured Parties.

          “Commitment” means an Initial Term Commitment, a Delayed Draw Term Commitment, a Revolving
Credit Commitment or a Synthetic L/C Commitment, as the context may require.

          “Committed Loan Notice” means a notice of (a) a Initial Term Borrowing, (b) a Delayed Draw
Term Borrowing, (c) a Revolving Credit Borrowing, (d) a Synthetic L/C Borrowing, (e) a conversion
of Loans from one Type to the other, or (f) a continuation of LIBOR Loans, pursuant to Section
2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

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

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

          “Confidential Healthcare Information” has the meaning specified in Section 6.10.

          “Consolidated Depreciation and Amortization Expense” means with respect to any Person for any
period, the total amount of depreciation and amortization expense of such Person, including the
amortization of deferred financing fees or costs for such period on a consolidated basis and
otherwise determined in accordance with GAAP.

          “Consolidated EBITDA” means, with respect to any Person for any period, the Consolidated Net
Income of such Person for such period:

     (a) increased by the following (without duplication):

     (i) provision for taxes based on income or profits or capital, including,
without limitation, federal, state, franchise, excise and similar taxes and foreign
withholding taxes of such Person paid or accrued during such period, including any
penalties and interest relating to any tax examinations, to the extent the same

12

 

were taken into account in calculating such Consolidated Net Income and the net
tax expense associated with any adjustments made pursuant to clauses (a) through (k)
of the definition of Consolidated Net Income; plus

     (ii) total interest expense of such Person for such period and, to the extent
not reflected in such total interest expense, any losses with respect to obligations
under any Swap Contracts or other derivative instruments entered into for the
purpose of hedging interest rate risk, net of interest income and gains with respect
to such obligations, and costs of surety bonds in connection with financing
activities, to the extent the same were deducted (and not added back) in calculating
such Consolidated Net Income; plus

     (iii) Consolidated Depreciation and Amortization Expense of such Person for
such period to the extent deducted (and not added back) in computing Consolidated
Net Income; plus

     (iv) any fees, expenses or charges (other than depreciation or amortization
expense) related to any acquisition, investment, asset disposition, incurrence or
repayment of indebtedness (including such fees, expenses or charges related to the
Loans and any credit facilities), issuance of equity interests, refinancing
transaction or amendment or modification of any debt instrument (including any
amendment or other modification of the Senior Subordinated Notes, the Loans and any
credit facilities) and including, in each case, any such transaction consummated
prior to the Closing Date and any such transaction undertaken but not completed, and
any charges or non-recurring merger costs incurred during such period as a result of
any such transaction, (x) whether or not successful and (y) in each case, to the
extent deducted (and not added back) in computing Consolidated Net Income; plus

     (v) the amount of any restructuring charges, integration and facilities opening
costs or other business optimization expenses (including cost and expenses relating
to business optimization programs and new systems design and implementation costs),
one-time restructuring or transaction costs incurred in connection with acquisitions
made after the Closing Date, project start-up costs, costs related to the closure
and/or consolidation of facilities or accruals or reserves, in each case to the
extent deducted (and not added back) in such period in computing such Consolidated
Net Income; plus

     (vi) any other non-cash charges (collectively, the “Non-Cash Charges”),
including any write offs or write downs reducing such Consolidated Net Income for
such period (provided that if any such non-cash charges represent an accrual or
reserve for potential cash items in any future period, the cash payment in respect
thereof in such future period shall be subtracted from Consolidated EBITDA to such
extent, and excluding amortization of a prepaid cash item that was paid in a prior
period); plus

13

 

     (vii) the amount of management, monitoring, consulting and advisory fees
(including termination fees) and related indemnities and expenses paid or accrued in
such period to the Sponsors and deducted (and not added back) in such period in
computing such Consolidated Net Income; plus

     (viii) cash charges in respect of one-time, non-recurring retention payments to
employees of Holdings, the Borrower or any Subsidiaries made within twelve (12)
months of the Closing Date; plus

     (ix) extraordinary losses and unusual or non-recurring charges (including any
unusual or non-recurring operating expenses directly attributable to the
implementation of cost-savings initiatives), severance, relocation costs and
curtailments or modifications to pension and post-retirement employee benefit plans;
plus

     (x) the amount of “run-rate” cost savings projected by the Borrower in good
faith to result from actions either taken or expected to be taken within 12 months
after the end of such period (which cost savings shall be subject only to
certification by management of the Borrower and calculated on a pro forma basis as
though such cost savings had been realized on the first day of such period), net of
the amount of actual benefits realized from such actions (it is understood and
agreed that “run-rate” means the full recurring benefit that is associated with any
action taken or expected to be taken, provided that some portion of such benefit is
expected to be realized within 12 months of taking such action); plus

     (xi) the amount of loss on sale of receivables, Securitization Assets and
related assets to any Securitization Subsidiary in connection with a Qualified
Securitization Financing; plus

     (xii) any costs or expense incurred by Holdings, the Borrower or a Restricted
Subsidiary pursuant to any management equity plan or stock option plan or any other
management or employee benefit plan or agreement or any stock subscription or
shareholder agreement, to the extent that such cost or expenses are funded with cash
proceeds contributed to the capital of Holdings or the Borrower or net cash proceeds
of an issuance of Equity Interests of Holdings or the Borrower (other than
Disqualified Equity Interests) solely to the extent that such net cash proceeds (a)
were not required to be applied to prepay the Loans pursuant to Section 2.05(b) and
(b) have not previously been (and are not simultaneously being) applied to anything
other than such cost or expenses; plus

     (xiii) any net loss from disposed or discontinued operations; plus

     (xiv) cash receipts (or any netting arrangements resulting in reduced cash
expenditures) not representing Consolidated EBITDA or Consolidated Net Income in any
period to the extent non-cash gains relating to such income were

14

 

deducted in the calculation of Consolidated EBITDA pursuant to paragraph (b)
below for any previous period and not added back; plus

     (xv) interest income or investment earnings on retiree medical and intellectual
property, royalty or license receivables; plus

     (xvi) fees and expenses incurred in connection with the investigation by the
Office of Inspector General of the United States Department of Health and Human
Services in an amount not to exceed $10.0 million per fiscal year, provided that the
maximum amount of such fees and expenses that may be added back to Consolidated Net
Income in any fiscal year shall be increased by the unused amount of add-backs that
were permitted in any prior fiscal year;

     (b) decreased by the following (without duplication), in each case to the extent
included in determining Consolidated Net Income for such period:

     (i) non-cash gains increasing Consolidated Net Income for such period,
excluding any non-cash gains to the extent they represent the reversal of an accrual
or reserve for a potential cash item that reduced Consolidated EBITDA in any prior
period and any non-cash gains with respect to cash actually received in a prior
period so long as such cash did not increase Consolidated EBITDA in such prior
period;

     (ii) any net income from disposed or discontinued operations; plus

     (iii) extraordinary gains and unusual or non-recurring gains.

          There shall be included in determining Consolidated EBITDA for any period, without
duplication, (A) the Acquired EBITDA of any Person, property, business or asset acquired by the
Borrower or any Restricted Subsidiary during such period (but not the Acquired EBITDA of any
related Person, property, business or assets to the extent not so acquired), to the extent not
subsequently sold, transferred or otherwise disposed by the Borrower or such Restricted Subsidiary
during such period (each such Person, property, business or asset acquired and not subsequently so
disposed of, an “Acquired Entity or Business”) and the Acquired EBITDA of any Unrestricted
Subsidiary that is converted into a Restricted Subsidiary during such period (each a “Converted
Restricted Subsidiary”), based on the actual Acquired EBITDA of such Acquired Entity or Business or
Converted Restricted Subsidiary for such period (including the portion thereof occurring prior to
such acquisition) and (B) an adjustment in respect of each Acquired Entity or Business or Converted
Restricted Subsidiary equal to the amount of the Pro Forma Adjustment with respect to such Acquired
Entity or Business or Converted Restricted Subsidiary for such period (including the portion
thereof occurring prior to such acquisition) as specified in a certificate executed by a
Responsible Officer and delivered to the Lenders and the Administrative Agent. There shall be
excluded in determining Consolidated EBITDA for any period the Disposed EBITDA of any Person,
property, business or asset (other than an Unrestricted Subsidiary) sold, transferred or otherwise
disposed of, closed or classified

15

 

as discontinued operations by the Borrower or any Restricted Subsidiary during such period
(each such Person, property, business or asset so sold or disposed of, a “Sold Entity or Business”)
and the Disposed EBITDA of any Restricted Subsidiary that is converted into an Unrestricted
Subsidiary during such period (each a “Converted Unrestricted Subsidiary”), based on the actual
Disposed EBITDA of such Sold Entity or Business or Converted Unrestricted Subsidiary for such
period (including the portion thereof occurring prior to such sale, transfer or disposition.

          “Consolidated Net Income” means, with respect to any Person for any period, the aggregate of
the Net Income of such Person and its Restricted Subsidiaries for such period on a consolidated
basis and otherwise determined in accordance with GAAP; provided, however, that, without
duplication,

     (a) the cumulative effect of a change in accounting principles and changes as a result
of the adoption or modification of accounting policies during such period shall be excluded,

     (b) the Net Income for such period of any Person that is not a Subsidiary, or is an
Unrestricted Subsidiary, or that is accounted for by the equity method of accounting, shall
be excluded; provided that Consolidated Net Income of the Borrower shall be increased by the
amount of dividends or distributions or other payments that are actually paid in cash (or to
the extent converted into cash) to the Borrower or a Restricted Subsidiary thereof in
respect of such period,

     (c) effects of adjustments (including the effects of such adjustments pushed down to
the Borrower and the Restricted Subsidiaries) in the inventory, property and equipment,
software, goodwill, other intangible assets, in-process research and development, deferred
revenue and debt line items in such Person’s consolidated financial statements pursuant to
GAAP resulting from the application of purchase accounting in relation to the Transaction or
the 2004 Transactions or any consummated acquisition or the amortization or write-off of any
amounts thereof, net of taxes, shall be excluded,

     (d) the amount of any minority interest expense consisting of Subsidiary income
attributable to minority equity interests of third parties in any non-Wholly Owned
Subsidiary shall be included,

     (e) any after-tax effect of income (loss) from the early extinguishment of (i)
Indebtedness, (ii) obligations under any Swap Contracts or (iii) other derivative
instruments shall be excluded,

     (f) any impairment charge or asset write-off or write-down, including impairment
charges or asset write-offs or write-downs related to intangible assets, long-lived assets,
investments in debt and equity securities or as a result of a change in law or

16

 

regulation, in each case, pursuant to GAAP, and the amortization of intangibles arising
pursuant to GAAP shall be excluded,

     (g) any non-cash compensation charge or expense, including any such charge arising from
the grants of stock appreciation or similar rights, stock options, restricted stock or other
rights shall be excluded,

     (h) any fees, expenses or charges incurred during such period, or any amortization
thereof for such period, in connection with any acquisition, investment, asset disposition,
incurrence or repayment of indebtedness (including such fees, expenses or charges related to
the Loans and any credit facilities), issuance of equity interests, refinancing transaction
or amendment or modification of any debt instrument (including any amendment or other
modification of the Senior Subordinated Notes, the Loans and any credit facilities) and
including, in each case, any such transaction consummated prior to the Closing Date and any
such transaction undertaken but not completed, and any charges or non-recurring merger costs
incurred during such period as a result of any such transaction, in each case whether or not
successful, shall be excluded,

     (i) accruals and reserves that are established within twelve months after the Closing
Date that are so required to be established as a result of the Transaction in accordance
with GAAP shall be excluded,

     (j) losses or gains on asset sales (other than asset sales made in the ordinary course
of business) shall be excluded, and

     (k) the following items shall be excluded:

     (i) any net unrealized gain or loss (after any offset) resulting in such period
from obligations under any Swap Contracts and the application of Statement of
Financial Accounting Standards No. 133; and

     (ii) any net unrealized gain or loss (after any offset) resulting in such
period from currency translation gains or losses including those (x) related to
currency remeasurements of Indebtedness and (y) resulting from hedge agreements for
currency exchange risk.

In addition, to the extent not already included in the Consolidated Net Income of such Person and
its Restricted Subsidiaries, notwithstanding anything to the contrary in the foregoing,
Consolidated Net Income shall include the amount of proceeds received from business interruption
insurance and reimbursements of any expenses and charges that are covered by indemnification or
other reimbursement provisions in connection with any investment or any sale, conveyance, transfer
or other disposition of assets permitted hereunder.

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          “Consolidated Senior Secured Debt” means, as of any date of determination, the aggregate
principal amount of Consolidated Total Debt outstanding on such date that is secured by a Lien.

          “Consolidated Total Debt” means, as of any date of determination, (a) the aggregate principal
amount of Indebtedness of the Borrower and the Restricted Subsidiaries outstanding on such date,
determined on a consolidated basis in accordance with GAAP (but excluding the effects of any
discounting of Indebtedness resulting from the application of purchase accounting in connection
with the 2004 Transactions or any Permitted Acquisition), consisting of Indebtedness for borrowed
money, obligations in respect of Capitalized Leases and debt obligations evidenced by promissory
notes or similar instruments, minus (b) the aggregate amount of cash and Cash Equivalents
(in each case, free and clear of all Liens, other than nonconsensual Liens permitted by Section
7.01 and Liens permitted by Section 7.01(q) and clauses (i) and (ii) of Section 7.01(r)) included
in the consolidated balance sheet of the Borrower and the Restricted Subsidiaries as of such date;
provided that Consolidated Total Debt shall not include Indebtedness in respect of (i) any
Qualified Securitization Financing, (ii) Letters of Credit, except to the extent of Unreimbursed
Amounts thereunder, (iii) Unrestricted Subsidiaries and (iv) obligations under Swap Contracts.

          “Consolidated Working Capital” means, at any date, the excess of (a) the sum of (i) all
amounts (other than cash and Cash Equivalents) that would, in conformity with GAAP, be set forth
opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet
of the Borrower and the Restricted Subsidiaries at such date and (ii) long-term accounts receivable
over (b) the sum of (i) all amounts that would, in conformity with GAAP, be set forth opposite the
caption “total current liabilities” (or any like caption) on a consolidated balance sheet of the
Borrower and the Restricted Subsidiaries on such date and (ii) long-term deferred revenue, but
excluding, without duplication, (1) the current portion of any Funded Debt, (2) all Indebtedness
consisting of Revolving Credit Loans, Swing Line Loans and L/C Obligations to the extent otherwise
included therein, (3) the current portion of interest, (4) the current portion of current and
deferred income taxes, (5) the current portion of any Capitalized Lease Obligations and (6)
deferred revenue arising from cash receipts that are earmarked for specific projects.

          “Continuing Director” means, at any date, any individual (a) who is a director of Holdings on
the Closing Date, (b) whose nomination for election to the Board of Directors of Holdings is
recommended by a majority of the then Continuing Directors, (c) who receives the vote of the
Permitted Holders in his or her election by the stockholders of Holdings, (d) who, as at such date,
has been a member of the Board of Directors of Holdings for at least the 12 preceding months or (e)
whose nomination for election to the Board of Directors of Holdings has been recommended, directly
or indirectly, by the Sponsors or Persons nominated by the Sponsors.

          “Contract Consideration” has the meaning specified in the definition of “Excess Cash Flow”.

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

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

          “Converted Restricted Subsidiary” has the meaning specified in the definition of “Consolidated
EBITDA”.

          “Converted Unrestricted Subsidiary” has the meaning specified in the definition of
“Consolidated EBITDA”.

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

          “Credit-Linked Deposit” means, in respect of each Synthetic L/C Lender, the cash deposit made
by such Lender pursuant to Section 2.03(k)(i), as such amount may be (a) reduced from time to time
pursuant to Section 2.06 or (b) reduced or increased from time to time pursuant to Section
2.03(c)(viii) or pursuant to assignments by or to such Lender pursuant to Section 10.07. The
initial amount of each Synthetic L/C Lender’s Credit-Linked Deposit shall be equal to the amount of
its Synthetic L/C Commitment on the Closing Date.

          “Credit-Linked Deposit Account” means the operating and/or investment account of, and
established by, the Administrative Agent under its exclusive dominion and control that shall be
used for the purposes set forth in Sections 2.03(c)(viii) and 2.03(k).

          “Credit-Linked Deposit Cost Amount” means, for any Interest Period with respect to the
Credit-Linked Deposits, an amount (expressed in basis points) reasonably determined by the
Administrative Agent in good faith to represent the Administrative Agent’s administrative cost for
investing the Credit-Linked Deposits and maintaining the Credit-Linked Deposit Account for such
Interest Period, which amount shall not exceed 10.0 basis points for such Interest Period.

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

          “Declined Proceeds” has the meaning specified in Section 2.05(b)(vi).

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

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

          “Defaulting Creditor” has the meaning specified in Section 8.04(d).

          “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the Term
Loans, Revolving Credit Loans, participations in L/C Obligations or participations in Swing Line
Loans required to be funded by it hereunder within one (1) Business Day of the date required to be
funded by it hereunder, unless the subject of a good faith dispute (or a good faith dispute that is
subsequently cured), (b) has otherwise failed to pay over to the Administrative Agent or any other
Lender any other amount required to be paid by it hereunder within one (1) Business Day of the date
when due, unless the subject of a good faith dispute (or a good faith dispute that is subsequently
cured), (c) has been deemed insolvent or become the subject of a bankruptcy or insolvency
proceeding or (d) has notified the Borrower and/or the Administrative Agent in writing of any of
the foregoing (including any written certification of its intent not to comply with its obligations
under Article II).

          “Delayed Draw Term Borrowing” means a borrowing consisting of Delayed Draw Term Loans of the
same Type and currency and, in the case of LIBOR Loans, having the same Interest Period made by
each of the Delayed Draw Term Lenders pursuant to Section 2.01.

          “Delayed Draw Term Commitment” means, as to each Delayed Draw Term Lender, its obligation to
make a Delayed Draw Term Loan to the Borrower on or prior to the Delayed Draw Term Commitment
Expiration Date pursuant to Section 2.01(a)(ii) in an aggregate amount not to exceed the amount set
forth opposite such Lender’s name on Schedule 2.01C under the caption “Delayed Draw Term
Commitment” or in the Assignment and Assumption pursuant to which such Delayed Draw Term Lender
becomes a party hereto, as applicable, as such amount may be adjusted from time to time in
accordance with this Agreement. The initial aggregate amount of the Delayed Draw Term Commitments
is $150,000,000.

          “Delayed Draw Term Commitment Expiration Date” shall mean the first anniversary of the Closing
Date.

          “Delayed Draw Term Lender” means, at any time, any Lender that has a Delayed Draw Term
Commitment or a Delayed Draw Term Loan at such time.

          “Delayed Draw Term Loan” has the meaning assigned to such term in Section 2.01(a)(ii).

          “Delayed Draw Term Loan Facility” means, at any time, the aggregate amount of the Delayed Draw
Term Lenders’ Delayed Draw Term Commitments at such time.

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          “Delayed Draw Term Note” means a promissory note of the Borrower payable to any Delayed Draw
Term Lender or its registered assigns, in substantially the form of Exhibit C-2 hereto,
evidencing the aggregate Indebtedness of the Borrower to such Delayed Draw Term Lender resulting
from the Delayed Draw Term Loans made by such Delayed Draw Term Lender.

          “Designated Non-Cash Consideration” means the fair market value of non-cash consideration
received by the Borrower or a Restricted Subsidiary in connection with a Disposition pursuant to
Section 7.05(j) that is designated as Designated Non-Cash Consideration pursuant to a certificate
of a Responsible Officer, setting forth the basis of such valuation (which amount will be reduced
by the fair market value of the portion of the non-cash consideration converted to cash within 180
days following the consummation of the applicable Disposition).

          “Disposed EBITDA” means, with respect to any Sold Entity or Business or any Converted
Unrestricted Subsidiary for any period, the amount for such period of Consolidated EBITDA of such
Sold Entity or Business or such Converted Unrestricted Subsidiary (determined using such
definitions as if references to the Borrower and its Restricted Subsidiaries therein are to such
Sold Entity or Business and its Subsidiaries or such Converted Unrestricted Subsidiary and its
Subsidiaries, as the case may be), all as determined on a consolidated basis for such Sold Entity
or Business or such Converted Unrestricted Subsidiary.

          “Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition
(including any sale and leaseback transaction and any sale of Equity Interests) of any property by
any Person, including any sale, assignment, transfer or other disposal, with or without recourse,
of any notes or accounts receivable or any rights and claims associated therewith; provided that
any single transaction or series of related transactions resulting in net cash proceeds equal to or
less than $5,000,000 shall not be considered “Dispositions” for purposes of Section 2.05(b)(ii) or
Section 7.05.

          “Disposition Prepayment Percentage” has the meaning specified in Section 2.05(b)(ii)(A).

          “Disqualified Equity Interests” means any Equity Interest that, by its terms (or by the terms
of any security or other Equity Interests into which it is convertible or for which it is
exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily
redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund
obligation or otherwise (except as a result of a change of control or asset sale so long as any
rights of the holders thereof upon the occurrence of a change of control or asset sale event shall
be subject to the prior repayment in full of the Loans and all other Obligations that are accrued
and payable and the termination of the Commitments and all outstanding Letters of Credit), (b) is
redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests),
in whole or in part, (c) provides for scheduled payments of dividends in cash, or (d) is or becomes
convertible into or exchangeable for Indebtedness or any other Equity Interests that would
constitute Disqualified Equity Interests, in each case, prior to the date that is ninety-one (91)
days after the Maturity Date of the Term Loans; provided that if such Equity Interests are

21

 

issued pursuant to a plan for the benefit of employees of Holdings, the Borrower or the
Restricted Subsidiaries or by any such plan to such employees, such Equity Interests shall not
constitute Disqualified Equity Interests solely because it may be required to be repurchased by
Holdings, the Borrower or the Restricted Subsidiaries in order to satisfy applicable statutory or
regulatory obligations.

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

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

          “ECF Percentage” has the meaning specified in Section 2.05(b)(i).

          “Eligible Assignee” means any Assignee permitted by and consented to in accordance with
Section 10.07(b).

          “Eligible Purchaser” has the meaning specified in Section 8.04(a).

          “Environmental Claim” means any and all administrative, regulatory or judicial actions, suits,
demands, demand letters, claims, liens, notices of noncompliance or violation, investigations
(other than internal reports prepared by any Loan Party or any of its Subsidiaries (a) in the
ordinary course of such Person’s business or (b) as required in connection with a financing
transaction or an acquisition or disposition of real estate) or proceedings with respect to any
Environmental Liability (hereinafter “Claims”), including (i) any and all Claims by governmental or
regulatory authorities for enforcement, cleanup, removal, response, remedial or other actions or
damages pursuant to any Environmental Law and (ii) any and all Claims by any third party seeking
damages, contribution, indemnification, cost recovery, compensation or injunctive relief pursuant
to any Environmental Law.

          “Environmental Laws” means any and all Laws (including common law) relating to the protection
of the environment or, to the extent relating to exposure to Hazardous Materials, human health.

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

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

22

 

          “Equity Interests” means, with respect to any Person, the shares, interests, rights,
participations or other equivalents (however designated) of capital stock of (or other ownership or
profit interests or units in) such Person and warrants, options or other rights for the purchase,
acquisition or exchange from such Person of any of the foregoing (including through convertible
securities).

          “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to
time.

          “ERISA Affiliate” means any trade or business (whether or not incorporated) that is under
common control with Holdings or the Borrower and is treated as a single employer within the meaning
of Section 414 of the Code or Section 4001 of ERISA.

          “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by
Holdings or the Borrower or any of their respective ERISA Affiliates from a Pension Plan subject to
Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in
Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as a termination under
Section 4062(e) of ERISA; (c) a complete or partial withdrawal by Holdings or the Borrower or any
of their respective ERISA Affiliates from a Multiemployer Plan, notification of Holdings or the
Borrower or any of their respective ERISA Affiliates concerning the imposition of withdrawal
liability or notification that a Multiemployer Plan is insolvent or is in reorganization within the
meaning of Title IV of ERISA; (d) the filing of a notice of intent to terminate, the treatment of a
Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement of
proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) the institution of
any proceeding to terminate, or appoint an Administrative Agent to administer, any Pension Plan or
Multiemployer Plan; (f) the requirements of PBGC Regulation Section 4043.61 (without regard to
subparagraph (b)(1) thereof) apply with respect to a contributing sponsor (as defined in Section
4001(a)(13) of ERISA) of a Pension Plan, and an event described in subsection .62, .63, .64, .65,
        .66, .67 or .68 of PBGC Regulation Section 4043 has occurred with respect to such Plan (other than
an event for which the 30 day notice period has been waived); (g) an accumulated funding
deficiency, within the meaning of Section 412 of the Code or Section 302 of ERISA exists, or an
application for a minimum funding standard waiver or modification has been filed (including any
required installment payments) with respect to a Plan; (h) the failure to make any required
contribution to any Plan or Multiemployer Plan; (i) the existence of an Unfunded Current Liability
with respect to a Plan; (j) the institution of a proceeding pursuant to Section 515 of ERISA to
collect a delinquent contribution to a Multiemployer Plan; or (k) a liability has been incurred or
is likely to be incurred by Holdings or the Borrower or any of their respective ERISA Affiliates
with respect to a Plan under Section 409, 502(i), 502(l), 515, 4062, 4063, 4064, 4069, 4201, 4204
or 4212 of ERISA or Section 401(a)(29), 4971 or 4975 of the Code.

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

23

 

          “Excess Cash Flow” means, for any period, an amount equal to the excess of:

     (a) the sum, without duplication, of:

     (i) Consolidated Net Income of the Borrower for such period,

     (ii) an amount equal to the amount of all non-cash charges (including
depreciation and amortization) to the extent deducted in arriving at such
Consolidated Net Income,

     (iii) decreases in Consolidated Working Capital for such period (other than any
such decreases arising from acquisitions or Dispositions by the Borrower and the
Restricted Subsidiaries completed during such period or the application of purchase
accounting),

     (iv) an amount equal to the aggregate net non-cash loss on Dispositions by the
Borrower and the Restricted Subsidiaries during such period (other than Dispositions
in the ordinary course of business) to the extent deducted in arriving at such
Consolidated Net Income, and

     (v) cash receipts in respect of Swap Contracts during such fiscal year to the
extent not otherwise included in such Consolidated Net Income; over

     (b) the sum, without duplication, of:

     (i) an amount equal to the amount of all non-cash credits included in arriving
at such Consolidated Net Income and cash charges included in clauses (a) through (k)
of the definition of Consolidated Net Income,

     (ii) without duplication of amounts deducted pursuant to clause (xi) below in
prior fiscal years, the amount of Capital Expenditures or acquisitions of
intellectual property accrued or made in cash during such period, except to the
extent that such Capital Expenditures or acquisitions were financed with the
proceeds of Indebtedness of the Borrower or the Restricted Subsidiaries,

     (iii) the aggregate amount of all principal payments of Indebtedness of the
Borrower and the Restricted Subsidiaries (including (A) the principal component of
payments in respect of Capitalized Leases and (B) the amount of any mandatory
prepayment of Term Loans pursuant to Section 2.05(b)(ii) to the extent required due
to a Disposition that resulted in an increase to such Consolidated Net Income and
not in excess of the amount of such increase but excluding (X) all other prepayments
of Term Loans, (Y) all prepayments of Revolving Credit Loans and Swing Line Loans
and (Z) all prepayments in respect of any other revolving credit facility, except,
in the case of clauses (Y) and (Z), to the extent there is an equivalent permanent
reduction in commitments thereunder)

24

 

made during such period, except to the extent financed with the proceeds of
other Indebtedness of the Borrower or the Restricted Subsidiaries,

     (iv) an amount equal to the aggregate net non-cash gain on Dispositions by the
Borrower and the Restricted Subsidiaries during such period (other than Dispositions
in the ordinary course of business) to the extent included in arriving at such
Consolidated Net Income,

     (v) increases in Consolidated Working Capital for such period (other than any
such increases arising from acquisitions or Dispositions by the Borrower and the
Restricted Subsidiaries completed during such period or the application of purchase
accounting),

     (vi) cash payments by the Borrower and the Restricted Subsidiaries during such
period in respect of long-term liabilities of the Borrower and the Restricted
Subsidiaries other than Indebtedness,

     (vii) without duplication of amounts deducted pursuant to clause (xi) below in
prior fiscal years, the amount of Investments and acquisitions made during such
period to the extent that such Investments and acquisitions were financed with
internally generated cash flow of the Borrower and the Restricted Subsidiaries,

     (viii) the amount of Restricted Payments paid during such period and to the
extent such Restricted Payments were financed with internally generated cash flow of
the Borrower and the Restricted Subsidiaries, including any payments made to
Holdings for the purpose of funding any of the items described in clauses (i)
through (xiii) of this clause (b),

     (ix) the aggregate amount of expenditures actually made by the Borrower and the
Restricted Subsidiaries in cash during such period (including expenditures for the
payment of financing fees) to the extent that such expenditures are not expensed
during such period or are not deducted in calculating Consolidated Net Income,

     (x) the aggregate amount of any premium, make-whole or penalty payments
actually paid in cash by Holdings, the Borrower and the Restricted Subsidiaries
during such period that are made in connection with any prepayment of Indebtedness,

     (xi) without duplication of amounts deducted from Excess Cash Flow in prior
periods, (A) the aggregate consideration required to be paid in cash by the Borrower
or any of the Restricted Subsidiaries pursuant to binding contracts (the “Contract
Consideration”) entered into prior to or during such period relating to Permitted
Acquisitions or (B) any planned cash expenditures by the Borrower or

25

 

any of the Restricted Subsidiaries relating to Capital Expenditures or
acquisitions of intellectual property (the “Planned Expenditures”), in each case to
be consummated or made during the period of four consecutive fiscal quarters of the
Borrower following the end of such period; provided that, to the extent the
aggregate amount of internally generated cash flow actually utilized to finance such
Permitted Acquisitions, Capital Expenditures or acquisitions of intellectual
property during such period of four consecutive fiscal quarters is less than the
Contract Consideration and the Planned Expenditures, as applicable, the amount of
such shortfall shall be added to the calculation of Excess Cash Flow at the end of
such period of four consecutive fiscal quarters,

     (xii) the amount of cash taxes paid or tax reserves set aside or payable
(without duplication) in such period to the extent they exceed the amount of tax
expense deducted in determining Consolidated Net Income for such period, and

     (xiii) cash expenditures in respect of Swap Contracts during such fiscal year
to the extent not deducted in arriving at such Consolidated Net Income.

          “Exchange Act” means the Securities Exchange Act of 1934.

          “Excluded Subsidiary” means (a) each Subsidiary listed on Schedule 1.01B hereto, (b)
any Subsidiary that is prohibited by contractual requirements or applicable Law from guaranteeing,
or pledging substantially all of its assets to secure, the Obligations, (c) any Foreign Subsidiary
and any Domestic Subsidiary that is a Subsidiary of a Foreign Subsidiary, (d) any Restricted
Subsidiary acquired pursuant to a Permitted Acquisition financed with secured Indebtedness and each
Restricted Subsidiary thereof that guarantees such Indebtedness; provided that each such Restricted
Subsidiary shall cease to be an Excluded Subsidiary under this clause (d) if such secured
Indebtedness is repaid or becomes unsecured or if such Restricted Subsidiary ceases to guarantee
such secured Indebtedness, as applicable, (e) any other Subsidiary with respect to which, in the
reasonable judgment of the Administrative Agent (confirmed in writing by notice to the Borrower),
the cost or other consequences (including any adverse tax consequences) of providing a Guarantee or
a security interests in its assets shall be excessive in view of the benefits to be obtained by the
Lenders therefrom, (f) each Unrestricted Subsidiary and (g) each Permitted JV.

          “Existing Credit Agreement” has the meaning specified in the Preliminary Statements to this
Agreement.

          “Existing Letters of Credit” means the Letters of Credit described on Schedule
2.03(a)(iv).

          “Facility” means each of the Initial Term Loans, the Delayed Draw Term Loan Facility, the
Revolving Credit Facility or the Synthetic L/C Facility, as the context may require.

26

 

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

          “Fee Letter” means the Amended and Restated Fee Letter dated April 11, 2007 among the
Borrower, Holdings, Bank of America, Banc of America Securities LLC, Banc of America Bridge LLC,
Citigroup Global Markets Inc., Lehman Brothers Inc., Lehman Commercial Paper Inc., Lehman Brothers
Commercial Bank, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Capital
Corporation.

          “Foreign Lender” has the meaning specified in Section 3.01(b).

          “Foreign Subsidiary” means any direct or indirect Restricted Subsidiary of the Borrower that
is not a Domestic Subsidiary.

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

          “Fund” means any Person (other than a natural person) that is (or will be) engaged in making,
purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in
the ordinary course of business.

          “Funded Debt” means all Indebtedness of the Borrower and the Restricted Subsidiaries for
borrowed money that matures more than one year from the date of its creation or matures within one
year from such date that is renewable or extendable, at the option of such Person, to a date more
than one year from such date or arises under a revolving credit or similar agreement that obligates
the lender or lenders to extend credit during a period of more than one year from such date,
including Indebtedness in respect of the Loans.

          “GAAP” means generally accepted accounting principles in the United States of America, as in
effect from time to time; provided, however, that if the Borrower notifies the Administrative Agent
that the Borrower requests an amendment to any provision hereof to eliminate the effect of any
change occurring after the Closing Date in GAAP or in the application thereof on the operation of
such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders
request an amendment to any provision hereof for such purpose), the Lenders and the Borrower shall
negotiate in good faith amendments to the provisions of this Agreement with the intent of having
the respective positions of the Lenders and the Borrower after such change in GAAP conform as
nearly as possible to their respective positions as of the

27

 

date of this Agreement and, until any such amendments have been agreed upon, regardless of
whether any such notice is given before or after such change in GAAP or in the application thereof,
such provision shall be interpreted on the basis of GAAP as in effect and applied immediately
before such change shall have become effective until such notice shall have been withdrawn or such
provision amended in accordance herewith.

          “Governmental Authority” means any nation or government, any state or other political
subdivision thereof, any agency, authority, instrumentality, regulatory body, court, administrative
tribunal, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government.

          “Granting Lender” has the meaning specified in Section 10.07(h).

          “Greenfield Construction Project” means, with respect to any Person, a project undertaken by
such Person for the construction of a Hospital.

          “Guarantee” means, as to any Person, without duplication, (a) any obligation, contingent or
otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any
Indebtedness or other monetary obligation payable or performable by another Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any obligation of such
Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or
payment of) such Indebtedness or other monetary obligation, (ii) to purchase or lease property,
securities or services for the purpose of assuring the obligee in respect of such Indebtedness or
monetary other obligation of the payment or performance of such Indebtedness or other monetary
obligation, (iii) to maintain working capital, equity capital or any other financial statement
condition or liquidity or level of income or cash flow of the primary obligor so as to enable the
primary obligor to pay such Indebtedness or other monetary obligation, or (iv) entered into for the
purpose of assuring in any other manner the obligee in respect of such Indebtedness or other
monetary obligation of the payment or performance thereof or to protect such obligee against loss
in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any
Indebtedness or other monetary obligation of any other Person, whether or not such Indebtedness or
monetary other obligation is assumed by such Person (or any right, contingent or otherwise, of any
holder of such Indebtedness to obtain any such Lien); provided that the term “Guarantee” shall not
include endorsements for collection or deposit, in either case in the ordinary course of business,
or customary and reasonable indemnity obligations in effect on the Closing Date or entered into in
connection with any acquisition or disposition of assets permitted under this Agreement (other than
such obligations with respect to Indebtedness). The amount of any Guarantee shall be deemed to be
an amount equal to the stated or determinable amount of the related primary obligation, or portion
thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum
reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in
good faith. The term “Guarantee” as a verb has a corresponding meaning.

          “Guarantors” has the meaning specified in the definition of “Collateral and Guarantee
Requirement”.

28

 

          “Guaranty” means (a) the guaranty made by Holdings and the other Guarantors in favor of the
Administrative Agent on behalf of the Secured Parties pursuant to clause (b) of the definition of
“Collateral and Guarantee Requirement,” substantially in the form of Exhibit F and (b) each
other guaranty and guaranty supplement delivered pursuant to Section 6.11.

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

          “Health Choice” means Health Choice Arizona, Inc., a Delaware corporation.

          “Hedge Bank” means any Person that (i) is a Lender or an Affiliate of a Lender at the time it
enters into a Secured Hedge Agreement, in its capacity as a party thereto or (ii) enters into a
Secured Hedge Agreement arranged by a Lender or an Affiliate of a Lender.

          “HIPAA” has the meaning specified in Section 6.10.

          “HMO” means any health maintenance organization, managed care organization, any Person doing
business as a health maintenance organization or managed care organization, or any Person required
to qualify or be licensed as a health maintenance organization or managed care organization under
applicable federal or state law.

          “HMO Business” means the business of owning and operating an HMO or other similar regulated
entity or business.

          “Holdings” has the meaning specified in the introductory paragraph to this Agreement.

          “Holdings Loans” means the senior unsecured payment-in-kind loans borrowed by Holdings on the
Closing Date pursuant to that certain credit agreement dated as of the date hereof, among Holdings,
the lenders party thereto and Banc of America Bridge LLC, as administrative agent, as the same may
be amended, modified, replaced or refinanced.

          “Hospital” means a hospital, outpatient clinic, long-term care facility, medical office
building or other facility, business or other asset that is used or useful in or related to the
provision of healthcare services.

          “Hospital Investment Program” means, with respect to any Subsidiary substantially all of the
assets of which consist of one or more Hospitals, an offering by such Subsidiary for the sale or
issuance of equity interests in such Subsidiary to any Hospital Investment Program Participants,
provided that (i) after giving effect to such sale or issuance with respect to any Subsidiary, the
Borrower directly or indirectly controls such Subsidiary and owns at least 65% (51%, in the case of
The Heart Center of East Valley, LP) of the economic interests of such Subsidiary, (ii) each such
sale or issuance shall be for an amount at least equal

29

 

to the fair market value thereof, (iii) each such sale results in consideration at least 75%
of which shall be in the form of cash (for such purpose, taking into account the amount of cash,
the principal amount of any promissory notes and the fair market value of any other consideration),
(iv) the Net Cash Proceeds therefrom are applied to repay Loans to the extent required by Section
2.05(b)(ii), and (v) each Hospital Investment Program Participant (A) acknowledges in writing in a
manner reasonably satisfactory to the Administrative Agent that (x) the relevant Subsidiary has
granted a security interest in its assets to secure the Obligations and (y) the documentation
governing the Obligations restricts the ability of such Subsidiary to make distributions to such
Hospital Investment Program Participant and (B) pledges all such Equity Interests acquired by such
Hospital Investment Program Participant to the Administrative Agent for the benefit of the Secured
Parties as security for the Obligations, provided that, notwithstanding the foregoing, such pledge
shall not be required (and, if effective, may be released) if such Hospital Investment Program
Participant grants to the Administrative Agent “drag along” rights with respect to a foreclosure on
the Administrative Agent’s pledge of shares in such Subsidiary (which “drag along” rights shall be
granted pursuant to a Drag Along Rights Agreement substantially in the form of Exhibit I or
otherwise in documentation in form and substance reasonably satisfactory to the Administrative
Agent).

          “Hospital Investment Program Participants” means with respect to any Hospital, Persons
interested in such Hospital including physicians, administrators and other Persons in the community
in which such Hospital is located.

          “Hospital Swap” means, with respect to any Person, an exchange of (a)(i) one or more Hospitals
and/or Related Businesses owned or operated by such Person or (ii) all of the Equity Interests held
by such Person of any other Person owning or operating one or more Hospitals and/or Related
Businesses for (b) either (i) one or more Hospitals and/or Related Businesses owned or operated by
a third Person or (ii) either all of the Capital Stock held by a third person of any other Person
or a majority of the Capital Stock of any other Person owning or operating one or more Hospitals
and/or Related Businesses.

          “Incremental Amendment” has the meaning specified in Section 2.14(a).

          “Incremental Facility Closing Date” has the meaning specified in Section 2.14(a).

          “Incremental Term Loans” has the meaning specified in Section 2.14(a).

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

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

30

 

     (b) the maximum amount (after giving effect to any prior drawings or reductions that
may have been reimbursed) of all letters of credit (other than commercial letters of
credit), bankers’ acceptances, bank guaranties, surety bonds, performance bonds and similar
instruments issued or created by or for the account of such Person;

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

     (d) all obligations of such Person to pay the deferred purchase price of property or
services (other than (i) trade accounts and accrued expenses payable in the ordinary course
of business and (ii) any earn-out obligation until such obligation becomes a liability on
the balance sheet of such Person in accordance with GAAP and if not paid after becoming due
and payable);

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

     (f) all Attributable Indebtedness;

     (g) all obligations of such Person in respect of Disqualified Equity Interests; and

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

     For all purposes hereof, the Indebtedness of any Person shall (A) include the
Indebtedness of any partnership or joint venture (other than a joint venture that is itself
a corporation or limited liability company) in which such Person is a general partner or a
joint venturer, except to the extent such Person’s liability for such Indebtedness is
otherwise limited and only to the extent such Indebtedness would be included in the
calculation of Consolidated Total Debt of such Person (as if such Person were the Borrower)
and (B) in the case of the Borrower and its Restricted Subsidiaries, exclude all
intercompany Indebtedness having a term not exceeding 364 days (inclusive of any roll-over
or extensions of terms) and made in the ordinary of business. The amount of any net
obligation under any Swap Contract on any date shall be deemed to be the Swap Termination
Value thereof as of such date. The amount of Indebtedness of any Person for purposes of
clause (e) shall be deemed to be equal to the lesser of (i) the aggregate unpaid amount of
such Indebtedness and (ii) the fair market value of the property encumbered thereby as
determined by such Person in good faith.

          “Indemnified Liabilities” has the meaning specified in Section 10.05.

          “Indemnitees” has the meaning specified in Section 10.05.

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          “Independent Financial Advisor” means an accounting, appraisal or investment banking firm or
consultant of nationally recognized standing that is, in the good faith judgment of the Borrower,
qualified to perform the task for which it has been engaged and that is independent of the Borrower
and its Affiliates.

          “Information” has the meaning specified in Section 10.08.

          “Initial Term Borrowing” means a borrowing consisting of Initial Term Loans of the same Type
and currency and, in the case of LIBOR Loans, having the same Interest Period made by each of the
Initial Term Lenders pursuant to Section 2.01.

          “Initial Term Commitment” means, as to each Initial Term Lender, its obligation to make an
Initial Term Loan to the Borrower on the Closing Date pursuant to Section 2.01(a)(i) in an
aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule
2.01B under the caption “Initial Term Commitment” or in the Assignment and Assumption pursuant
to which such Initial Term Lender becomes a party hereto, as applicable, as such amount may be
adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the
Initial Term Commitments is $439,000,000.

          “Initial Term Lender” means, at any time, any Lender that has an Initial Term Commitment or an
Initial Term Loan at such time.

          “Initial Term Loans” has the meaning assigned to such term in Section 2.01(a)(i).

          “Initial Term Note” means a promissory note of the Borrower payable to any Initial Term Lender
or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the
aggregate Indebtedness of the Borrower to such Initial Term Lender resulting from the Initial Term
Loans made by such Initial Term Lender.

          “Insurance Subsidiary” shall have the meaning provided in Section 7.02(x).

          “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan or a Synthetic
L/C Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date of the
Facility under which such Loan was made; provided that if any Interest Period for a LIBOR Loan
exceeds three months, the respective dates that fall every three months after the beginning of such
Interest Period shall also be Interest Payment Dates; (b) as to any Base Rate Loan (including a
Swing Line Loan), the last Business Day of each March, June, September and December and the
Maturity Date of the Facility under which such Loan was made; and (c) as to any Synthetic L/C Loan,
the last day of each Interest Period therefor or the date of any prepayment thereof.

          “Interest Period” means, (a) as to each LIBOR Loan other than a Synthetic L/C Loan, the period
commencing on the date such LIBOR Loan is disbursed or converted to or continued as a LIBOR Loan
and ending on the date one, two, three or six months thereafter, or to

32

 

the extent available to each Lender of such LIBOR Loan, nine or twelve months thereafter, as
selected by the Borrower in its Committed Loan Notice and (b) as to any Synthetic L/C Loan, the
period commencing on the Closing Date or on the last day of the preceding Interest Period and
ending on the date one month thereafter; provided that:

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

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

     (3) no Interest Period shall extend beyond the Maturity Date of the Facility under
which such Loan was made.

          “Investment” means, as to any Person, any direct or indirect investment by such Person,
whether by means of (a) the purchase or other acquisition of Equity Interests or debt or other
securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or
assumption of Indebtedness of, or purchase or other acquisition of any other debt or equity
participation or interest in, another Person, including any partnership or joint venture interest
in such other Person (excluding, in the case of the Borrower and its Subsidiaries, intercompany
loans, advances, or Indebtedness having a term not exceeding 364 days (inclusive of any roll-over
or extensions of terms) and made in the ordinary course of business) or (c) the purchase or other
acquisition (in one transaction or a series of transactions) of all or substantially all of the
property and assets or business of another Person or assets constituting a business unit, line of
business or division of such Person. For purposes of covenant compliance, the amount of any
Investment at any time shall be the amount actually invested (measured at the time made), without
adjustment for subsequent changes in the value of such Investment, net of any return representing a
return of capital with respect to such Investment.

          “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by
Moody’s and BBB- (or the equivalent) by S&P, or an equivalent rating by any other nationally
recognized statistical rating agency selected by the Borrower.

          “Investment Grade Securities” means (a) securities issued or directly and fully guaranteed or
insured by the government of the United States of America or any agency or instrumentality thereof
(other than Cash Equivalents), (b) debt securities or debt instruments with an Investment Grade
Rating, but excluding any debt securities or instruments constituting loans or advances among the
Borrower and its Subsidiaries, (c) investments in any fund that invests exclusively in investments
of the type described in clauses (a) and (b), which fund may also hold immaterial amounts of cash
pending investment or distribution and (d) corresponding instruments in countries other than the
United States of America customarily utilized for high

33

 

quality investments, in each case, consistent with the Borrower’s cash management and
investment practices.

          “IRS” means the United States Internal Revenue Service.

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

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

          “Junior Financing” has the meaning specified in Section 7.12(a).

          “Junior Financing Documentation” means any documentation governing any Junior Financing.

          “Laws” means, collectively, all international, foreign, Federal, state and local statutes,
treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial
precedents or authorities, including the interpretation or administration thereof by any
Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and
permits of, and agreements with, any Governmental Authority.

          “L/C Advances” means the collective reference to Revolving L/C Advances and Synthetic L/C
Advances.

          “L/C Borrowing” means the collective reference to Revolving L/C Borrowings and Synthetic L/C
Borrowings.

          “L/C Credit Extensions” means the collective reference to the Revolving L/C Credit Extensions
and the Synthetic L/C Credit Extensions.

          “L/C Issuer” means the collective reference to each Revolving L/C Issuer and each Synthetic
L/C Issuer.

          “L/C Obligations” means, the collective reference to the Revolving L/C Obligations and the
Synthetic L/C Obligations.

          “Lender” has the meaning specified in the introductory paragraph to this Agreement and, as the
context requires, includes an L/C Issuer and the Swing Line Lender, and their respective successors
and assigns as permitted hereunder, each of which is referred to herein as a “Lender.”

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

          “Letter of Credit” means any letter of credit issued hereunder. A Letter of Credit may be a
commercial letter of credit or a standby letter of credit.

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

          “Letter of Credit Expiration Date” means the Revolving Letter of Credit Expiration Date or the
Synthetic Letter of Credit Expiration Date.

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

          “LIBOR Loan” means a Loan that bears interest based on LIBOR.

          “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge, or preference, priority or other security interest
or preferential arrangement of any kind or nature whatsoever (including any conditional sale or
other title retention agreement, any easement, right of way or other encumbrance on title to real
property, and any Capitalized Lease having substantially the same economic effect as any of the
foregoing); provided, that in no event shall an operating lease be deemed a Lien.

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

          “Loan Documents” means, collectively, (i) this Agreement, (ii) the Notes, (iii) the Guaranty,
(iv) the Collateral Documents, (v) the Fee Letter and (vi) each Issuer Document.

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          “Loan Parties” means, collectively, (i) Holdings, (ii) the Borrower, (iii) each Guarantor and
(iv) each Pledgor.

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

          “Management Stockholders” means the members of management of Holdings or any of its
Subsidiaries who are investors in Holdings or any direct or indirect parent thereof.

          “Master Agreement” has the meaning specified in the definition of “Swap Contract.”

          “Material Adverse Effect” means a material adverse effect on (a) the business, assets,
liabilities (actual or contingent) or financial condition of the Borrower and its Subsidiaries,
taken as a whole, (b) the ability of the Loan Parties (taken as a whole) to perform their
respective obligations under any Loan Document to which any of the Loan Parties is a party or (c)
the rights and remedies of the Lenders or the Agents under any Loan Document.

          “Material Real Property” means any real property owned by any Loan Party with a book value in
excess of $10,000,000.

          “Material Subsidiary” means, at any date of determination, each of the Borrower’s Domestic
Subsidiaries that is a Restricted Subsidiary (a) whose total assets at the last day of the most
recent Test Period were equal to or greater than 3.0% of Total Assets at such date or (b) whose net
revenues for such Test Period were equal to or greater than 3.0% of the consolidated net revenues
of the Borrower and the Restricted Subsidiaries for such period, in each case determined in
accordance with GAAP.

          “Maturity Date” means (a) with respect to the Revolving Credit Facility, the sixth anniversary
of the Closing Date and (b) with respect to the Term Loans and the Synthetic L/C Facility, March
15, 2014; provided that if either such day is not a Business Day, the Maturity Date shall be the
Business Day immediately preceding such day.

          “Maximum Rate” has the meaning specified in Section 10.10.

          “Minority Investment” means any Person other than a Subsidiary in which the Borrower or any
Restricted Subsidiary owns any Equity Interests.

36

 

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

          “Mortgages” means collectively, the deeds of trust, trust deeds, hypothecs and mortgages made
by the Loan Parties in favor or for the benefit of the Administrative agent on behalf of the
Lenders in form and substance reasonably satisfactory to the Administrative Agent, and any other
mortgages executed and delivered pursuant to Section 6.11.

          “Mortgage Policies” has the meaning specified in Section 6.13(b)(ii).

          “Mortgaged Properties” has the meaning specified in paragraph (f) of the definition of
Collateral and Guarantee Requirement.

          “Multiemployer Plan” means any employee benefit plan of the type described in Section
4001(a)(3) of ERISA, to which Holdings, the Borrower or any of their respective ERISA Affiliates
makes or is obligated to make contributions, or during the period since December 31, 2001, has made
or been obligated to make contributions.

          “Net Cash Proceeds” means:

     (a) with respect to the Disposition of any asset by the Borrower or any of the
Restricted Subsidiaries or any Casualty Event, the excess, if any, of (i) the sum of cash
and Cash Equivalents received in connection with such Disposition or Casualty Event
(including any cash received by way of deferred payment pursuant to, or by monetization of,
a note receivable or otherwise, but only as and when so received and, with respect to any
Casualty Event, any insurance proceeds or condemnation awards in respect of such Casualty
Event actually received by or paid to or for the account of the Borrower or any of the
Restricted Subsidiaries) over (ii) the sum of (A) the principal amount, premium or penalty,
if any, interest and other amounts on any Indebtedness that is secured by the asset subject
to such Disposition or Casualty Event and that is required to be repaid in connection with
such Disposition or Casualty Event (other than Indebtedness under the Loan Documents), (B)
the out-of-pocket fees and expenses (including attorneys’ fees, investment banking fees,
survey costs, title insurance premiums, and related search and recording charges, transfer
taxes, deed or mortgage recording taxes, other customary expenses and brokerage, consultant
and other customary fees) actually incurred by the Borrower or such Restricted Subsidiary in
connection with such Disposition or Casualty Event, (C) taxes or distributions made pursuant
to Section 7.06(g)(i) or (g)(iii) paid or estimated to be payable in connection therewith
(including withholding taxes imposed on the repatriation of any such Net Cash Proceeds), (D)
in the case of any Disposition or Casualty Event by a non-Wholly Owned Restricted
Subsidiary, the pro rata portion of the Net Cash Proceeds thereof (calculated without regard
to this clause (D)) attributable to minority interests and not available for distribution to
or for the account of the Borrower or a Wholly Owned Restricted Subsidiary as a result
thereof, and (E) any reserve for adjustment in respect of (x) the sale price of such asset
or assets established in accordance with GAAP and (y) any liabilities associated with such
asset or assets and retained by the Borrower or any Restricted Subsidiary after such sale or
other disposition

37

 

thereof, including pension and other post-employment benefit liabilities and
liabilities related to environmental matters or against any indemnification obligations
associated with such transaction, it being understood that “Net Cash Proceeds” shall include
the amount of any reversal (without the satisfaction of any applicable liabilities in cash
in a corresponding amount) of any reserve described in this clause (E); and

     (b) with respect to the incurrence or issuance of any Indebtedness by the Borrower or
any Restricted Subsidiary or any Permitted Equity Issuance by the Borrower or any direct or
indirect parent of the Borrower, the excess, if any, of (i) the sum of the cash and Cash
Equivalents received in connection with such incurrence or issuance (with respect to any
Permitted Equity Issuance by any direct or indirect parent of the Borrower, the amount of
cash from such Permitted Equity Issuance contributed to the capital of the Borrower) over
(ii) the sum of (x) taxes or distributions made pursuant to Section 7.06(g)(i) or (g)(iii)
paid or estimated to be payable in connection therewith (including withholding taxes imposed
on the repatriation of any cash received in connection with such incurrence or issuance) and
(y) the investment banking fees, underwriting discounts, commissions, costs and other
out-of-pocket expenses and other customary expenses, incurred by the Borrower or such
Restricted Subsidiary in connection with such incurrence or issuance.

          “Net Income” means, with respect to any Person, the net income (loss) of such Person,
determined in accordance with GAAP and before any reduction in respect of preferred stock
dividends.

          “Non-Cash Charges” has the meaning specified in the definition of the term “Consolidated
EBITDA”.

          “Non-Consenting Lender” has the meaning specified in Section 3.07(d).

          “Non-Loan Party” means any Subsidiary of the Borrower that is not a Loan Party, including any
Permitted JV.

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

          “Note” means a Term Note, a Revolving Credit Note or a Synthetic L/C Note, as the context may
require.

          “Obligations” means all (x) advances to, and debts, liabilities, obligations, covenants and
duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan or
Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute or
contingent, due or to become due, now existing or hereafter arising and including interest and fees
that accrue after the commencement by or against any Loan Party of any proceeding under any Debtor
Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such
interest and fees are allowed claims in such proceeding, (y) obligations of any Loan Party arising
under any Secured Hedge Agreement and (z) Cash

38

 

Management Obligations. Without limiting the generality of the foregoing, the Obligations
include (a) the obligation (including Guarantee obligations) to pay principal, interest, Letter of
Credit commissions, reimbursement obligations, charges, expenses, fees, Attorney Costs, indemnities
and other amounts payable by any Loan Party as provided in any Loan Document and (b) the
obligations of any Loan Party to reimburse any amount in respect of any of the foregoing that any
Lender, in its sole discretion, may elect to pay or advance on behalf of such Loan Party in
accordance with the terms of any Loan Document.

          “Organization Documents” means, (a) with respect to any corporation, the certificate or
articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with
respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the
certificate or articles of formation or organization and operating or limited liability company
agreement; and (c) with respect to any partnership, joint venture, trust or other form of business
entity, the partnership, joint venture or other applicable agreement of formation or organization
and any agreement, instrument, filing or notice with respect thereto filed in connection with its
formation or organization with the applicable Governmental Authority in the jurisdiction of its
formation or organization and, if applicable, any certificate or articles of formation or
organization of such entity.

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

          “Outstanding Amount” means (a) with respect to the Term Loans, Revolving Credit Loans,
Synthetic L/C Loans and Swing Line Loans on any date, the principal amount thereof after giving
effect to any borrowings and prepayments or repayments of Term Loans, Revolving Credit Loans
(including any refinancing of outstanding Unreimbursed Amounts under Revolving Letters of Credit or
Revolving L/C Credit Extensions as a Revolving Credit Borrowing), Synthetic L/C Loans and Swing
Line Loans, as the case may be, occurring on such date; and (b) with respect to any L/C Obligations
on any date, the amount thereof on such date after giving effect to any related L/C Credit
Extension occurring on such date and any other changes thereto as of such date, including as a
result of any reimbursements of outstanding Unreimbursed Amounts under related Letters of Credit
(including any refinancing of outstanding Unreimbursed Amounts under related Letters of Credit or
related L/C Credit Extensions as a Revolving Credit Borrowing or a Synthetic L/C Borrowing, as the
case may be) or any reductions in the maximum amount available for drawing under related Letters of
Credit taking effect on such date.

          “Participant” has the meaning specified in Section 10.07(e).

          “Participant Register” has the meaning specified in Section 10.07(e).

          “PBGC” means the Pension Benefit Guaranty Corporation.

          “Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section
3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is
sponsored or maintained by Holdings, the Borrower or any of their respective

39

 

ERISA Affiliates or to which Holdings, the Borrower or any of their respective ERISA
Affiliates contributes or has an obligation to contribute, or in the case of a multiple employer or
other plan described in Section 4064(a) of ERISA, has made contributions at any time since December
31, 2001.

          “Permitted Acquisition” has the meaning specified in Section 7.02(j).

          “Permitted Equity Issuance” means any sale or issuance of any Qualified Equity Interests of
the Borrower or any direct or indirect parent of the Borrower, in each case to the extent permitted
hereunder.

          “Permitted Holders” means each of (i) the Sponsors and (ii) the Management Stockholders.

          “Permitted Hospital Swap” has the meaning specified in Section 7.05(q).

          “Permitted JV” has the meaning specified in Section 7.02(o).

          “Permitted Refinancing” means, with respect to any Person, any modification, refinancing,
refunding, renewal or extension of any Indebtedness of such Person; provided that (a) the principal
amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted
value, if applicable) of the Indebtedness so modified, refinanced, refunded, renewed or extended
except by an amount equal to unpaid accrued interest and premium thereon plus other
reasonable amounts paid, and fees and expenses reasonably incurred, in connection with such
modification, refinancing, refunding, renewal or extension and by an amount equal to any existing
commitments unutilized and undrawn letters of credit thereunder, (b) other than with respect to a
Permitted Refinancing in respect of Indebtedness permitted pursuant to Section 7.03(b) and (e),
such modification, refinancing, refunding, renewal or extension has a final maturity date equal to
or later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or
greater than the Weighted Average Life to Maturity of, the Indebtedness being modified, refinanced,
refunded, renewed or extended, (c) other than with respect to a Permitted Refinancing in respect of
Indebtedness permitted pursuant to Section 7.03(e), at the time thereof, no Event of Default shall
have occurred and be continuing and (d) if such Indebtedness being modified, refinanced, refunded,
renewed or extended is Junior Financing, (i) to the extent such Indebtedness being modified,
refinanced, refunded, renewed or extended is subordinated in right of payment to the Obligations,
such modification, refinancing, refunding, renewal or extension is subordinated in right of payment
to the Obligations on terms at least as favorable to the Lenders as those contained in the
documentation governing the Indebtedness being modified, refinanced, refunded, renewed or extended,
(ii) the terms and conditions (including, if applicable, as to collateral but excluding as to
subordination, interest rate and redemption premium) of any such modified, refinanced, refunded,
renewed or extended Indebtedness, taken as a whole, are not materially less favorable to the Loan
Parties or the Lenders than the terms and conditions of the Indebtedness being modified,
refinanced, refunded, renewed or extended; provided that a certificate of a Responsible Officer
delivered to the Administrative Agent at least five Business Days prior to the incurrence of such
Indebtedness,

40

 

together with a reasonably detailed description of the material terms and conditions of such
Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has
determined in good faith that such terms and conditions satisfy the foregoing requirement, shall be
conclusive evidence that such terms and conditions satisfy the foregoing requirement unless the
Administrative Agent notifies the Borrower within such five Business Day period that it disagrees
with such determination (including a reasonable description of the basis upon which it disagrees)
and (iii) such modification, refinancing, refunding, renewal or extension is incurred by the Person
who is the obligor of the Indebtedness being modified, refinanced, refunded, renewed or extended
and not Guaranteed by any Person other than the Borrower or a Guarantor.

          “Permitted Subordinated Notes” shall mean senior subordinated notes issued by the Borrower or
a Guarantor, provided that (a) the terms of such notes provide for customary subordination of such
notes to the Obligations and do not provide for any scheduled repayment, mandatory redemption,
sinking fund obligation or other payment prior to the Maturity Date for the Term Loans, other than
customary offers to purchase upon a change of control, asset sale or casualty or condemnation event
and customary acceleration rights upon an event of default and (b) the covenants, events of
default, guarantees and other terms for such notes (provided that such notes shall have interest
rates and redemption premiums determined by the Board of Directors of the Borrower to be market
rates and premiums at the time of issuance of such notes), taken as a whole, are determined by the
Board of Directors of the Borrower to be market terms on the date of issuance and in any event are
not materially more restrictive on the Borrower and the Restricted Subsidiaries, or materially less
favorable to the Lenders, than the terms of the Senior Subordinated Notes and do not require the
maintenance or achievement of any financial performance standards other than as a condition to
taking specified actions, provided that a certificate of a Responsible Officer delivered to the
Administrative Agent at least five Business Days (or such shorter period to which the
Administrative Agent may reasonably agree) prior to the incurrence of such Indebtedness, together
with a reasonably detailed description of the material terms and conditions of such Indebtedness or
drafts of the documentation relating thereto, stating that the Borrower has determined in good
faith that such terms and conditions satisfy the foregoing requirement, shall be conclusive
evidence that such terms and conditions satisfy the foregoing requirement unless the Administrative
Agent notifies the Borrower within such five Business Day period that it disagrees with such
determination (including a reasonable description of the basis upon which it disagrees).

          “Permitted Subordinated Notes Documentation” means any notes, instruments, agreements and
other credit documents governing any Permitted Subordinated Notes.

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

          “Plan” means any material “employee benefit plan” (as such term is defined in Section 3(3) of
ERISA) established by Holdings, the Borrower or, with respect to any such plan

41

 

that is subject to Section 412 of the Code or Title IV of ERISA, any of their respective ERISA
Affiliates.

          “Platform” has the meaning specified in Section 6.02.

          “Pledged Debt” means the Indebtedness described in Schedule 2(j) to the Security Agreement.

          “Pledgor” means each non-Wholly Owned Material Subsidiary of the Borrower that is not an
Excluded Subsidiary and that (a) immediately prior to becoming a Pledgor was a Guarantor that had
ceased to be a Wholly Owned Subsidiary of the Borrower but remained a Restricted Subsidiary of the
Borrower or (b) was acquired in connection with a Permitted Acquisition, including each such
Material Subsidiary that is listed on Schedule II hereto.

          “Post-Acquisition Period” means, with respect to any Permitted Acquisition, the period
beginning on the date such Permitted Acquisition is consummated and ending on the last day of the
sixth full consecutive fiscal quarter immediately following the date on which such Permitted
Acquisition is consummated.

          “Principal L/C Issuer” means any L/C Issuer that has issued Letters of Credit under the
Revolving Credit Facility having an aggregate Outstanding Amount in excess of $10,000,000.

          “Pro Forma Adjustment” means, for any Test Period that includes all or any part of a fiscal
quarter included in any Post-Acquisition Period, with respect to the Acquired EBITDA of the
applicable Acquired Entity or Business or Converted Restricted Subsidiary or the Consolidated
EBITDA of the Borrower, the pro forma increase or decrease in such Acquired EBITDA or such
Consolidated EBITDA, as the case may be, projected by the Borrower in good faith as a result of (a)
actions taken during such Post-Acquisition Period for the purposes of realizing reasonably
identifiable and factually supportable cost savings or (b) any additional costs incurred during
such Post-Acquisition Period, in each case in connection with the combination of the operations of
such Acquired Entity or Business or Converted Restricted Subsidiary with the operations of the
Borrower and the Restricted Subsidiaries; provided that, (i) at the election of the Borrower, such
Pro Forma Adjustment shall not be required to be determined for any Acquired Entity or Business or
Converted Restricted Subsidiary to the extent the aggregate consideration paid in connection with
such acquisition was less than $25,000,000 and (ii) so long as such actions are taken during such
Post-Acquisition Period or such costs are incurred during such Post-Acquisition Period, as
applicable, the cost savings related to such actions or such additional costs, for purposes of
projecting such pro forma increase or decrease in such Acquired EBITDA or such Consolidated EBITDA,
as the case may be, it may be assumed that such cost savings will be realizable during the entirety
of such Test Period, or such additional costs, as applicable, will be incurred during the entirety
of such Test Period; provided further that any such pro forma increase or decrease in such Acquired
EBITDA or such Consolidated EBITDA, as the case may be, shall be without duplication for cost
savings or

42

 

additional costs already included in such Acquired EBITDA or such Consolidated EBITDA, as the
case may be, for such Test Period.

          “Pro Forma Basis” and “Pro Forma Effect” mean, with respect to compliance with any test or
covenant hereunder, that (A) to the extent applicable, the Pro Forma Adjustment shall have been
made and (B) all Specified Transactions and the following transactions in connection therewith
shall be deemed to have occurred as of the first day of the applicable period of measurement in
such test or covenant: (a) income statement items (whether positive or negative) attributable to
the property or Person subject to such Specified Transaction, (i) in the case of a Disposition of
all or substantially all Equity Interests in any Subsidiary of the Borrower or any division,
product line or facility used for operations of the Borrower or any of its Subsidiaries, shall be
excluded, and (ii) in the case of a Permitted Acquisition or Investment described in the definition
of “Specified Transaction”, shall be included, (b) any retirement of Indebtedness, and (c) any
Indebtedness incurred or assumed by the Borrower or any of the Restricted Subsidiaries in
connection therewith (and if such Indebtedness has a floating or formula rate, such Indebtedness
shall have an implied rate of interest for the applicable period for purposes of this definition
determined by utilizing the rate that is or would be in effect with respect to such Indebtedness as
at the relevant date of determination); provided that, without limiting the application of the Pro
Forma Adjustment pursuant to (A) above, the foregoing pro forma adjustments may be applied to any
such test or covenant solely to the extent that such adjustments are consistent with the definition
of Consolidated EBITDA and give effect to events (including operating expense reductions) that are
(as determined by the Borrower in good faith) (i) (x) directly attributable to such transaction,
(y) expected to have a continuing impact on the Borrower and the Restricted Subsidiaries and (z)
factually supportable or (ii) otherwise consistent with the definition of Pro Forma Adjustment.

          “Pro Rata Share” means, with respect to each Lender at any time a fraction (expressed as a
percentage, carried out to the ninth decimal place), the numerator of which is the amount of the
Commitments of such Lender under the applicable Facility or Facilities at such time and the
denominator of which is the amount of the Aggregate Commitments under the applicable Facility or
Facilities at such time; provided that if such Commitments have been terminated, then the Pro Rata
Share of each Lender shall be determined based on the Pro Rata Share of such Lender immediately
prior to such termination and after giving effect to any subsequent assignments made pursuant to
the terms hereof.

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

          “Qualified Equity Interests” means any Equity Interests that are not Disqualified Equity
Interests.

          “Qualified Holding Company Debt” shall mean unsecured Indebtedness of Holdings (or any direct
or indirect parent thereof), (a) the terms of which do not provide for any scheduled repayment,
mandatory redemption or sinking fund obligation prior to the final maturity of the Term Loans (as
in effect on the Closing Date) (other than customary offers to purchase upon a change of control,
asset sale or event of loss and customary acceleration rights

43

 

after an event of default), (b) the covenants, events of default, guarantees and other terms
of which (other than interest rate and redemption premiums), taken as a whole, are not materially
more restrictive to the Borrower and the Restricted Subsidiaries than those in the Senior
Subordinated Notes Indenture; provided that a certificate of an Responsible Officer of the Borrower
is delivered to the Administrative Agent at least five Business Days (or such shorter period to
which the Administrative Agent may reasonably agree) prior to the incurrence of such Indebtedness,
together with a reasonably detailed description of the material terms and conditions of such
Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has
determined in good faith that such terms and conditions satisfy the foregoing requirement, shall be
conclusive evidence that such terms and conditions satisfy the foregoing requirement unless the
Administrative Agent notifies the Borrower within such period that it disagrees with such
determination (including a reasonable description of the basis upon which it disagrees), (c) that
does not require any payments in cash of interest or other amounts in respect of the principal
thereof prior to the earlier to occur of (i) the date that is five years from the date of the
issuance or incurrence thereof and (ii) the date that is ninety one days after the final maturity
of the Term Loans (as in effect on the Closing Date) (it being understood that this clause (c)
shall not prohibit Indebtedness the terms of which permit the issuer thereof to elect, at its
option, to make payments in cash of interest or other amounts in respect of the principal thereof
prior to the date determined in accordance with clauses (i) and (ii) of this clause (c)) and (d)
that is not guaranteed by the Borrower or any Restricted Subsidiary.

          “Qualified Securitization Financing” means any Securitization Financing of a Securitization
Subsidiary that meets the following conditions: (a) the Board of Directors of the Borrower shall
have determined in good faith that such Qualified Securitization Financing (including financing
terms, covenants, termination events and other provisions) is in the aggregate economically fair
and reasonable to the Borrower and the Securitization Subsidiary, (b) all sales and/or
contributions of Securitization Assets and related assets to the Securitization Subsidiary are made
at fair market value (as determined in good faith by the Borrower) and (iii) the financing terms,
covenants, termination events and other provisions thereof shall be market terms (as determined in
good faith by the Borrower) and may include Standard Securitization Undertakings. The grant of a
security interest in any Securitization Assets of the Borrower or any of the Restricted
Subsidiaries (other than a Securitization Subsidiary) to secure Indebtedness under this Agreement
prior to engaging in any Securitization Financing shall not be deemed a Qualified Securitization
Financing.

          “Qualifying IPO” means the issuance by Holdings or any direct or indirect parent of Holdings
of its common Equity Interests in an underwritten primary public offering (other than a public
offering pursuant to a registration statement on Form S-8) pursuant to an effective registration
statement filed with the SEC in accordance with the Securities Act (whether alone or in connection
with a secondary public offering).

          “Reference Date” has the meaning specified in the definition of “Available Amount.”

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          “Refinanced Term Loans” has the meaning specified in Section 10.01.

          “Register” has the meaning specified in Section 10.07(d).

          “Rejection Notice” has the meaning specified in Section 2.05(b)(vi).

          “Related Business” means a healthcare business affiliated or associated with a Hospital or any
business related or ancillary to the provision of healthcare services or information or the
investment in, or the management, leasing or operation of, a Hospital.

          “Replacement Term Loans” has the meaning specified in Section 10.01.

          “Reportable Event” means with respect to any Plan any of the events set forth in Section
4043(c) of ERISA or the regulations issued thereunder, as to which, except for an event described
in subsections .21, .24, and .26 of such regulations, the thirty (30) day notice period has been
waived.

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

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

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

          “Responsible Officer” means the chief executive officer, president, vice president, chief
financial officer, chief accounting officer, treasurer or assistant treasurer or other similar
officer or Person performing similar functions of a Loan Party and, as to any document delivered on
the Closing Date, any secretary or assistant secretary of a Loan Party. Any document delivered
hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to
have been authorized by all necessary corporate, partnership and/or other action on the part of
such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf
of such Loan Party.

45

 

          “Restricted Payment” means any dividend or other distribution (whether in cash, securities or
other property) with respect to any Equity Interest of the Borrower or any of its Restricted
Subsidiaries, or any payment (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, defeasance,
acquisition, cancellation or termination of any such Equity Interest, or on account of any return
of capital to the Borrower’s stockholders, partners or members (or the equivalent Persons thereof).

          “Restricted Subsidiary” means any Subsidiary of the Borrower other than an Unrestricted
Subsidiary.

          “Retained Declined Proceeds” has the meaning specified in Section 2.05(b)(vi).

          “Revolving Commitment Increase” shall have the meaning specified in Section 2.14(a).

          “Revolving Commitment Increase Lender” has the meaning specified in Section 2.14(a).

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

          “Revolving Credit Commitment” means, as to each Revolving Credit Lender, its obligation to (a)
make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase
participations in Revolving L/C Obligations in respect of Revolving Letters of Credit and (c)
purchase participations in Swing Line Loans, in an aggregate principal amount at any one time
outstanding not to exceed the amount set forth, and opposite such Lender’s name on Schedule
2.01A under the caption “Revolving Credit Commitment” or in the Assignment and Assumption
pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted
from time to time in accordance with this Agreement. The aggregate Revolving Credit Commitments of
all Revolving Credit Lenders shall be $225,000,000 on the Closing Date, as such amount may be
adjusted from time to time in accordance with the terms of this Agreement, including by reason of
any applicable Revolving Commitment Increase.

          “Revolving Credit Exposure” means, as to each Revolving Credit Lender, the sum of the
outstanding principal amount of such Revolving Credit Lender’s Revolving Credit Loans and its Pro
Rata Share of the Revolving L/C Obligations and the Swing Line Obligations at such time.

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

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

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

          “Revolving Credit Note” means a promissory note of the Borrower payable to any Revolving
Credit Lender or its registered assigns, in substantially the form of Exhibit C-3 hereto,
evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit Lender resulting
from the Revolving Credit Loans made by such Revolving Credit Lender.

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

          “Revolving L/C Borrowing” means an extension of credit resulting from a drawing under any
Revolving Letter of Credit that has not been reimbursed on the applicable Required Reimbursement
Date or refinanced as a Revolving Credit Borrowing.

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

          “Revolving L/C Issuer” means Bank of America and any other Lender that becomes a Revolving L/C
Issuer in accordance with Section 2.03(j) or 10.07(j), in each case, in its capacity as an issuer
of Revolving Letters of Credit hereunder, or any successor issuer of Revolving Letters of Credit
hereunder.

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

          “Revolving Letter of Credit” means a Revolving Letter of Credit issued pursuant to Section
2.03(a)(i)(A), and shall include the Existing Letters of Credit identified as Revolving Letters of
Credit on Schedule 2.03(a)(iv).

          “Revolving Letter of Credit Expiration Date” means the day that is five (5) Business Days
prior to the scheduled Maturity Date then in effect for the Revolving Credit Facility (or, if such
day is not a Business Day, the next preceding Business Day).

          “Revolving Letter of Credit Sublimit” means an amount equal to the lesser of (a) $100,000,000
and (b) the aggregate principal amount of the Revolving Credit Commitments. The Revolving Letter
of Credit Sublimit is part of, and not in addition to, the Revolving Credit Commitment.

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

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

          “Secured Hedge Agreement” means any Swap Contract permitted under Section 7.03(f) that is
entered into by and between any Loan Party or any Restricted Subsidiary and any Hedge Bank.

          “Secured Parties” means, collectively, the Administrative Agent, the Lenders, each Hedge Bank,
each Cash Management Bank, the Supplemental Administrative Agent and each co-agent or sub-agent
appointed by the Administrative Agent from time to time pursuant to Section 9.01(c).

          “Securities Act” means the Securities Act of 1933.

          “Securitization Assets” means the accounts receivable, royalty or other revenue streams and
other rights to payment subject to a Qualified Securitization Financing and the proceeds thereof.

          “Securitization Fees” means distributions or payments made directly or by means of discounts
with respect to any participation interest issued or sold in connection with, and other fees paid
to a Person that is not a Securitization Subsidiary in connection with any Qualified Securitization
Financing.

          “Securitization Financing” means any transaction or series of transactions that may be entered
into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its
Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case
of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a
transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization
Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all
collateral securing such Securitization Assets, all contracts and all guarantees or other
obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and
other assets that are customarily transferred or in respect of which security interests are
customarily granted in connection with asset securitization transactions involving Securitization
Assets.

          “Securitization Repurchase Obligation” means any obligation of a seller of Securitization
Assets in a Qualified Securitization Financing to repurchase Securitization Assets arising as a
result of a breach of a Standard Securitization Undertaking, including as a result of a receivable
or portion thereof becoming subject to any asserted defense, dispute, off set or counterclaim of
any kind as a result of any action taken by, any failure to take action by or any other event
relating to the seller.

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          “Securitization Subsidiary” means a Wholly Owned Subsidiary of the Borrower (or another Person
formed for the purposes of engaging in a Qualified Securitization Financing in which the Borrower
or any Subsidiary of the Borrower makes an Investment and to which the Borrower or any Subsidiary
of the Borrower transfers Securitization Assets and related assets) that engages in no activities
other than in connection with the financing of Securitization Assets of the Borrower or its
Subsidiaries, all proceeds thereof and all rights (contingent and other), collateral and other
assets relating thereto, and any business or activities incidental or related to such business, and
which is designated by the Board of Directors of the Borrower or such other Person (as provided
below) as a Securitization Subsidiary and (a) no portion of the Indebtedness or any other
obligations (contingent or otherwise) of which (i) is guaranteed by Holdings, the Borrower or any
other Subsidiary of the Borrower, other than another Securitization Subsidiary (excluding
guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to
Standard Securitization Undertakings), (ii) is recourse to or obligates Holdings, the Borrower or
any other Subsidiary of the Borrower, other than another Securitization Subsidiary, in any way
other than pursuant to Standard Securitization Undertakings or (iii) subjects any property or asset
of Holdings, the Borrower or any other Subsidiary of the Borrower, other than another
Securitization Subsidiary, directly or indirectly, contingently or otherwise, to the satisfaction
thereof, other than pursuant to Standard Securitization Undertakings, (b) with which none of
Holdings, the Borrower or any other Subsidiary of the Borrower, other than another Securitization
Subsidiary, has any material contract, agreement, arrangement or understanding other than on terms
which the Borrower reasonably believes to be no less favorable to Holdings, the Borrower or such
Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of
the Borrower and (c) to which none of Holdings, the Borrower or any other Subsidiary of the
Borrower, other than another Securitization Subsidiary, has any obligation to maintain or preserve
such entity’s financial condition or cause such entity to achieve certain levels of operating
results. Any such designation by the Board of Directors of the Borrower or such other Person shall
be evidenced to the Administrative Agent by delivery to the Administrative Agent of a certified
copy of the resolution of the Board of Directors of the Borrower or such other Person giving effect
to such designation and a certificate executed by a Responsible Officer certifying that such
designation complied with the foregoing conditions.

          “Security Agreement” means, collectively, the Security Agreement executed by the Loan Parties,
substantially in the form of Exhibit G, together with each other security agreement
supplement executed and delivered pursuant to Section 6.11.

          “Security Agreement Supplement” has the meaning specified in the Security Agreement.

          “Senior Secured Leverage Ratio” means, with respect to any Test Period, the ratio of (a)
Consolidated Senior Secured Debt as of the last day of such Test Period to (b) Consolidated EBITDA
of the Borrower for such Test Period.

49

 

          “Senior Subordinated Notes” means the $475,000,000 83/4% Senior Subordinated Notes due 2014,
issued by the Borrower and IASIS Capital Corporation pursuant to the Senior Subordinated Notes
Indenture.

          “Senior Subordinated Notes Indenture” means the indenture dated as of June 22, 2004, with The
Bank of New York Trust Company, N.A. as trustee, relating to the Senior Subordinated Notes, as the
same may be amended, modified, replaced or refinanced to the extent permitted by this Agreement.

          “Sold Entity or Business” has the meaning specified in the definition of the term
“Consolidated EBITDA”.

          “Solvent” and “Solvency” mean, with respect to any Person on any date of determination, that
on such date (a) the fair value of the property of such Person is greater than the total amount of
liabilities, including contingent liabilities, of such Person, (b) the present fair salable value
of the assets of such Person is not less than the amount that will be required to pay the probable
liability of such Person on its debts as they become absolute and matured, (c) such Person does not
intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s
ability to pay such debts and liabilities as they mature and (d) such Person is not engaged in
business or a transaction, and is not about to engage in business or a transaction, for which such
Person’s property would constitute an unreasonably small capital. The amount of contingent
liabilities at any time shall be computed as the amount that, in the light of all the facts and
circumstances existing at such time, represents the amount that can reasonably be expected to
become an actual or matured liability.

          “SPC” has the meaning specified in Section 10.07(h).

          “Specified Subsidiary” means, at any date of determination, (a) each Material Subsidiary of
the Borrower (i) whose total assets at the last day of the most recent Test Period were equal to or
greater than 5.0% of Total Assets at such date or (ii) whose net revenues for such Test Period were
equal to or greater than 5.0% of the consolidated net revenues of the Borrower and the Restricted
Subsidiaries for such period, in each case determined in accordance with GAAP and (b) each other
Material Subsidiary that is the subject of an Event of Default under Section 8.01(f) and that, when
such Material Subsidiary’s total assets or net revenues are aggregated with the total assets or net
revenues, as applicable, of each other Material Subsidiary that is the subject of an Event of
Default under Section 8.01(f) would constitute a Specified Subsidiary under clause (a) above using
a 10.0% threshold in replacement of the 5.0% threshold in such clause (a).

          “Specified Transaction” means any Investment, Disposition, incurrence or repayment of
Indebtedness, Restricted Payment, Subsidiary designation, Incremental Term Loan or Revolving
Commitment Increase or Synthetic L/C Commitment Increase that by the terms of this Agreement
requires or permits such test to be calculated on a “Pro Forma Basis” or after giving “Pro Forma
Effect”; provided that a Revolving Commitment Increase, for purposes of this “Specified
Transaction” definition, shall be deemed to be fully drawn.

50

 

          “Sponsor Management Agreement” means the management agreement, dated as of June 22, 2004,
between certain of the management companies associated with the Sponsors or their advisors and the
Borrower.

          “Sponsor Termination Fees” means the one-time payment under the Sponsor Management Agreement
of a termination fee to one or more of the Sponsors and their Affiliates in the event of either a
Change of Control or the completion of a Qualifying IPO.

          “Sponsors” means TPG Partners IV, L.P., JLL Partners Fund IV, L.P., Trimaran Fund Management,
L.L.C. and their respective Affiliates and funds or partnerships managed by any of them or any of
their respective Affiliates, but not including, however, any of their respective portfolio
companies.

          “Standard Securitization Undertakings” means representations, warranties, covenants and
indemnities entered into by the Borrower or any Subsidiary of the Borrower that the Borrower has
determined in good faith to be customary, necessary or advisable in a Securitization Financing.

          “Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability
company or other business entity (excluding, for the avoidance of doubt, charitable foundations) of
which a majority of the shares of securities or other interests having ordinary voting power for
the election of directors or other governing body (other than securities or interests having such
power only by reason of the happening of a contingency) are at the time beneficially owned, or the
management of which is otherwise controlled, directly, or indirectly through one or more
intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a
“Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower.

          “Subsidiary Equity” has the meaning specified in the Security Agreement.

          “Successor Borrower” has the meaning specified in Section 7.04(d).

          “Supplemental Administrative Agent” has the meaning specified in Section 9.13 and
“Supplemental Administrative Agents” shall have the corresponding meaning.

          “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative
transactions, forward rate transactions, commodity swaps, commodity options, forward commodity
contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or
options or forward bond or forward bond price or forward bond index transactions, interest rate
options, forward foreign exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap transactions, currency options,
spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement, and (b) any and all transactions of any kind, and
the related confirmations, which are subject to the

51

 

terms and conditions of, or governed by, any form of master agreement published by the
International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master
Agreement, or any other master agreement (any such master agreement, together with any related
schedules, a “Master Agreement”), including any such obligations or liabilities under any Master
Agreement.

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

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

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

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

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

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

          “Swing Line Obligations” means, as at any date of determination, the aggregate principal
amount of all Swing Line Loans outstanding.

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

          “Syndication Agent” means Citigroup Global Markets Inc., as Syndication Agent under this
Agreement.

          “Syndication Proceeds” has the meaning specified in Section 2.05(b)(ii)(A)(4).

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

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          “Synthetic L/C Borrowing” means an extension of credit resulting from a drawing under any
Synthetic Letter of Credit that has not been reimbursed on the applicable Required Reimbursement
Date and which amount is funded by reducing the Credit-Linked Deposits by a like amount, consisting
of simultaneous Synthetic L/C Loans having the same Interest Period made by each of the Synthetic
L/C Lenders pursuant to Section 2.01(c).

          “Synthetic L/C Commitment” means, as to each Synthetic L/C Lender, its obligation initially to
fund its Credit-Linked Deposit in an aggregate amount set forth opposite such Lender’s name on
Schedule 2.01D under the caption “Synthetic L/C Commitment” and after the Closing Date to
(a) make Synthetic L/C Loans to the Borrower pursuant to Section 2.01(c) and (b) purchase
participations in Synthetic L/C Obligations in respect of Synthetic Letters of Credit, in an
aggregate principal amount at any one time outstanding not to exceed the amount of its
Credit-Linked Deposit, as such amount may be adjusted from time to time in accordance with this
Agreement. The aggregate Synthetic L/C Commitments of all Synthetic L/C Lenders shall be
$40,000,000 on the Closing Date, as such amount may be adjusted from time to time in accordance
with the terms of this Agreement.

          “Synthetic L/C Commitment Increase” has the meaning set forth in Section 2.14(a).

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

          “Synthetic L/C Exposure” means, as to each Synthetic L/C Lender, its Pro Rata Share of the
Synthetic L/C Obligations at such time.

          “Synthetic L/C Facility” means, at any time, the aggregate amount of the Synthetic L/C
Lenders’ Synthetic L/C Commitments at such time.

          “Synthetic L/C Issuer” means Bank of America and any other Lender that becomes a Synthetic L/C
Issuer in accordance with Section 10.07(j), in each case, in its capacity as an issuer of Synthetic
Letters of Credit hereunder, or any successor issuer of Synthetic Letters of Credit hereunder.

          “Synthetic L/C Lender” means, at any time, any Lender that has a Synthetic L/C Commitment or
an outstanding Synthetic L/C Loan at such time.

          “Synthetic L/C Loans” means the loans deemed made by the Synthetic L/C Lenders to the Borrower
pursuant to Section 2.03(c)(viii) to reimburse drawings under a Synthetic Letter of Credit, which
loans are funded by reducing the Credit-Linked Deposits by a like amount.

          “Synthetic L/C Note” means a promissory note of the Borrower payable to any Synthetic L/C
Lender or its registered assigns, in substantially the form of Exhibit C-4 hereto,

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evidencing the aggregate Indebtedness of the Borrower to such Synthetic L/C Lender
resulting from the Synthetic L/C Loans made by such Synthetic L/C Lender.

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

          “Synthetic Letter of Credit” means a Letter of Credit issued under the Synthetic L/C Facility,
and shall include the Existing Letters of Credit identified as Synthetic Letters of Credit on
Schedule 2.03(a)(iv).

          “Synthetic Letter of Credit Expiration Date” means the day that is five (5) Business Days
prior to the scheduled Maturity Date then in effect for the Synthetic L/C Facility (or, if such day
is not a Business Day, the next preceding Business Day).

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

          “Term Borrowing” means an Initial Term Borrowing or a Delayed Draw Term Borrowing.

          “Term Commitment” means an Initial Term Commitment or a Delayed Draw Term Commitment.

          “Term Lender” means, at any time, an Initial Term Lender or a Delayed Draw Term Lender.

          “Term Loan” means an Initial Term Loan or a Delayed Draw Term Loan.

          “Term Note” means an Initial Term Note or a Delayed Draw Term Note.

          “Test Period” in effect at any time shall mean the most recent period of four consecutive
fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in
respect of which financial statements for each quarter or fiscal year in such period have been or
are required to be delivered pursuant to Section 6.01(a) or (b); provided that, prior to the first
date that financial statements have been or are required to be delivered pursuant to Section
6.01(a) or (b), the Test Period in effect shall be the period of four consecutive fiscal quarters
of the Borrower ended December 31, 2006. A Test Period may be designated by reference to the last
day thereof (i.e., the “March 31, 2007 Test Period” refers to the period of four consecutive fiscal
quarters of the Borrower ended March 31, 2007), and a Test Period shall be deemed to end on the
last day thereof.

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          “Threshold Amount” means $25,000,000.

          “Total Assets” means the total assets of the Borrower and the Restricted Subsidiaries on a
consolidated basis, as shown on the most recent balance sheet of the Borrower delivered pursuant to
Section 6.01(a) or (b) or, for the period prior to the time any such statements are so delivered
pursuant to Section 6.01(a) or (b), the most recent balance sheet of the Borrower delivered
pursuant to Section 4.01(e).

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

          “Transaction” means, collectively, (a) the funding of the Initial Term Loans on the Closing
Date, (b) the funding of the Holdings Loans on the Closing Date, (c) the refinancing of outstanding
obligations under the Existing Credit Agreement, (d) the funding of the Closing Equity Payments,
(e) the consummation of any other transactions in connection with the foregoing and (f) the payment
of the fees and expenses incurred in connection with any of the foregoing.

          “Transaction Expenses” means any fees or expenses incurred or paid by Holdings or any of its
Subsidiaries in connection with the Transaction, this Agreement and the other Loan Documents and
the transactions contemplated hereby and thereby.

          “2004 Transactions” means (a) the acquisition, pursuant to the Agreement and Plan of Merger by
and among IASIS Investment LLC, Titan Merger Corporation and Holdings dated as of May 4, 2004, of
Holdings by IASIS Investment LLC through the merger of Titan Merger Corporation, a Wholly Owned
subsidiary of IASIS Investment LLC, with and into Holdings, with Holdings being the continuing or
surviving corporation of such merger and becoming a Wholly Owned subsidiary of IASIS Investment
LLC, (b) the refinancing of substantially all of the Indebtedness of Holdings and its Subsidiaries
existing at the time of the events described in the foregoing clause (a) (including, without
limitation, pursuant to the tender offer to repurchase Holdings’s outstanding 13% Senior
Subordinated Notes due 2009 and 8.5% Senior Subordinated Notes due 2009), (c) the contribution by
Holdings of substantially all of its property to the Borrower at the time of the events described
in the foregoing clause (a), and (d) all related financings, equity contributions and other
transactions related thereto.

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

          “Unaudited Financial Statements” has the meaning specified in Section 4.01(e).

          “Uniform Commercial Code” means the Uniform Commercial Code or any successor provision thereof
as the same may from time to time be in effect in the State of New York or the Uniform Commercial
Code or any successor provision thereof (or similar code or statute) of another jurisdiction, to
the extent it may be required to apply to any item or items of Collateral.

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

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

          “Unrestricted Subsidiary” means (i) each Subsidiary of the Borrower listed on Schedule
1.01A, (ii) each Securitization Subsidiary, (iii) any Subsidiary of the Borrower designated by
the Board of Directors of the Borrower as an Unrestricted Subsidiary pursuant to Section 6.14
subsequent to the date hereof and (iv) any Subsidiary of an Unrestricted Subsidiary.

          “Unused Synthetic L/C Commitments” means, at any time, the aggregate amount of the Synthetic
L/C Commitments at such time, less the Outstanding Amount of the Synthetic L/C Obligations at such
time.

          “USA PATRIOT Act” means The Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed
into law October 26, 2001)), as amended or modified from time to time.

          “U.S. Lender” has the meaning specified in Section 3.01(e).

          “Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the
number of years obtained by dividing: (i) the sum of the products obtained by multiplying (a) the
amount of each then remaining installment, sinking fund, serial maturity or other required payments
of principal, including payment at final maturity, in respect thereof, by (b) the number of years
(calculated to the nearest one-twelfth) that will elapse between such date and the making of such
payment by (ii) the then outstanding principal amount of such Indebtedness.

          “Wholly Owned” means, with respect to a Subsidiary of a Person, a Subsidiary of such Person
all of the outstanding Equity Interests of which (other than (x) director’s qualifying shares and
(y) shares issued to foreign nationals to the extent required by applicable Law) are owned by such
Person and/or by one or more wholly owned Subsidiaries of such Person.

          “Withdrawal Liability” means the liability of Holdings or the Borrower or an ERISA Affiliate
as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are
defined in Part I of Subtitle E of Title IV of ERISA.

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

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

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

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

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

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

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

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

          SECTION 1.03. Accounting Terms.

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

          (b) Notwithstanding anything to the contrary herein, for purposes of determining compliance
with any test contained in this Agreement with respect to any period during which any Specified
Transaction occurs, the Senior Secured Leverage Ratio shall be calculated with respect to such
period and such Specified Transaction on a Pro Forma Basis.

          SECTION 1.04. Rounding. Any financial ratios required to be satisfied in order for a
specific action to be permitted under this Agreement shall be calculated by dividing the
appropriate component by the other component, carrying the result to one place more than the number
of places by which such ratio is expressed herein and rounding the result up or down to the nearest
number (with a rounding-up if there is no nearest number).

          SECTION 1.05. References to Agreements, Laws, Etc. Unless otherwise expressly
provided herein, (a) references to Organization Documents, agreements (including the Loan
Documents) and other contractual instruments shall be deemed to include all subsequent amendments,
restatements, extensions, supplements and other modifications thereto, but only to the extent that
such amendments, restatements, extensions, supplements and other modifications

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are permitted by any Loan Document; and (b) references to any Law shall include all statutory
and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such
Law.

          SECTION 1.06. Times of Day. Unless otherwise specified, all references herein to
times of day shall be references to Eastern time (daylight or standard, as applicable).

          SECTION 1.07. Timing of Payment or Performance. When the payment of any obligation or
the performance of any covenant, duty or obligation is stated to be due or performance required on
a day that is not a Business Day, the date of such payment (other than as described in the
definition of Interest Period) or performance shall extend to the immediately succeeding Business
Day.

ARTICLE II

The Commitments and Credit Extensions

          SECTION 2.01. The Loans.

          (a) The Term Borrowings.

          (i) Subject to the terms and conditions set forth herein, each Initial Term Lender severally
agrees to make to the Borrower a single loan denominated in Dollars (each, an “Initial Term Loan”)
in a principal amount equal to such Initial Term Lender’s Initial Term Commitment on the Closing
Date.

          (ii) Subject to the terms and conditions set forth herein, each Delayed Draw Term Lender
severally agrees to make to the Borrower loans denominated in Dollars as elected by the Borrower
pursuant to Section 2.02 (each such loan, a “Delayed Draw Term Loan”) from time to time, on any
Business Day after the Closing Date until the Delayed Draw Term Commitment Expiration Date, in an
aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s
Delayed Draw Term Commitment.

          (iii) Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed.
Term Loans may be Base Rate Loans or LIBOR Loans, as further provided herein.

          (b) The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein,
each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Borrower
as elected by the Borrower pursuant to Section 2.02 (each such loan, a “Revolving Credit Loan”)
from time to time, on any Business Day after the Closing Date until the Maturity Date, in an
aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s
Revolving Credit Commitment; provided that after giving effect to any Revolving Credit Borrowing,
the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such Lender’s
Pro Rata Share of the Outstanding Amount of all Revolving

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L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line
Loans, shall not exceed such Lender’s Revolving Credit Commitment. Within the limits of each
Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the
Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this
Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or LIBOR Loans, as further provided
herein.

          (c) The Credit-Linked Deposits. Subject to the terms and conditions set forth herein, each
Synthetic L/C Lender severally agrees to remit to the Administrative Agent on the Closing Date an
amount in Dollars equal to such Lender’s Synthetic L/C Commitment as its Credit-Linked Deposit.
The Administrative Agent shall deposit all such amounts received by it into the Credit-Linked
Deposit Account promptly upon receipt thereof. Each Synthetic L/C Lender irrevocably and
unconditionally agrees that its Credit-Linked Deposit shall be available (i) to pay to the
Synthetic L/C Issuer such Lender’s Pro Rata Share of any Unreimbursed Amount in respect of any
Synthetic Letter of Credit that is not reimbursed by the Borrower and (ii) to fund such Lender’s
Synthetic L/C Loans, in each case, pursuant to Section 2.03(c). Synthetic L/C Loans may be prepaid
without reducing the Synthetic L/C Commitments; provided, however, that Synthetic L/C Loans may not
be reborrowed as such.

          (d) No Person (other than the Administrative Agent) shall have the right to make any
withdrawal from the Credit-Linked Deposit Account or to exercise any other right or power with
respect thereto. Each Synthetic L/C Lender agrees that its right, title and interest in and to the
Credit-Linked Deposit Account shall be limited to the right to require its Credit-Linked Deposit to
be applied as provided in Section 2.03(c) and that it will have no right to require the return of
its Credit-Linked Deposit other than as expressly provided in Section 2.06. Each Synthetic L/C
Lender hereby acknowledges that (i) its Credit-Linked Deposit constitutes payment for its
participations in Synthetic Letters of Credit issued, deemed issued or to be issued hereunder, (ii)
its Credit-Linked Deposit and any investments made therewith shall secure its obligations to the
Synthetic L/C Issuer hereunder (each Synthetic L/C Lender hereby granting to the Administrative
Agent, for the benefit of the Synthetic L/C Issuer, a security interest in its Credit-Linked
Deposit and agreeing that the Administrative Agent, as holder of the Credit-Linked Deposits and any
investments made therewith, will be acting as collateral agent for the Synthetic L/C Issuer) and
(iii) the Synthetic L/C Issuer will be issuing, amending, renewing and extending Synthetic Letters
of Credit in reliance on the availability of such Lender’s Credit-Linked Deposit to discharge such
Lender’s obligations in connection with any Unreimbursed Amount in respect thereof in accordance
with Section 2.03(c). The funding of the Credit-Linked Deposits and the agreements with respect
thereto set forth in this Agreement constitute arrangements among the Administrative Agent, the
Synthetic L/C Issuer and the Synthetic L/C Lenders with respect to the funding obligations of such
Lenders under this Agreement, and the Credit-Linked Deposits do not constitute assets of, or loans
or extensions of credit to, any Loan Party. Without limiting the generality of the foregoing, each
party hereto acknowledges and agrees that the Credit-Linked Deposits are and at all times will
continue to be property of the Synthetic L/C Lenders, and that no amount on deposit at any time in
the Credit-Linked Deposit Account shall be the property of any Loan Party, constitute “Collateral”
under the Loan

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Documents or otherwise be available in any manner to satisfy any Obligations of any Loan Party
under the Loan Documents.

          SECTION 2.02. Borrowings, Conversions and Continuations of Loans.

          (a) Each Term Borrowing, each Revolving Credit Borrowing (other than Swing Line Borrowings
with respect to which this Section 2.02 shall not apply), each Synthetic L/C Borrowing, each
conversion of Term Loans or Revolving Credit Loans from one Type to the other, and each
continuation of LIBOR Loans shall be made upon the Borrower’s irrevocable notice to the
Administrative Agent, which may be given by telephone. Each such notice must be received by the
Administrative Agent not later than 12:00 noon (New York, New York time) (i) three (3) Business
Days prior to the requested date of any Borrowing or continuation of LIBOR Loans or any conversion
of Base Rate Loans to LIBOR Loans and (ii) one (1) Business Day before the requested date of any
Borrowing of Base Rate Loans; provided, that such notice may be delivered not later than 9:00 a.m.
(New York, New York time) on the Closing Date in the case of the initial Credit Extensions to be
made on the Closing Date. Each telephonic notice by the Borrower pursuant to this Section 2.02(a)
must be confirmed promptly by delivery to the Administrative Agent of a written Committed Loan
Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each
Borrowing of, conversion to or continuation of LIBOR Loans shall be in a principal amount of
$1,000,000 or a whole multiple of $500,000 in excess thereof; provided that each Delayed Draw Term
Borrowing shall be in a principal amount of $25,000,000 or a whole multiple of $500,000 in excess
thereof (provided that such Delayed Draw Term Borrowing may be less than $25,000,000 if such amount
represents the aggregate amount of the remaining unfunded Delayed Draw Term Commitments). Except
as provided in Sections 2.03(c) and 2.04(c), each Borrowing of or conversion to Base Rate Loans
shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each
Committed Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is
requesting an Initial Term Borrowing, a Delayed Draw Term Borrowing, a Revolving Credit Borrowing,
a Synthetic L/C Borrowing, a conversion of Term Loans or Revolving Credit Loans from one Type to
the other, or a continuation of LIBOR Loans, (ii) the requested date of the Borrowing, conversion
or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of
Loans to be borrowed, converted or continued, and (iv) the Type of Loans to be borrowed or to which
existing Term Loans or Revolving Credit Loans are to be converted and (v) if applicable, the
duration of the Interest Period with respect thereto. If the Borrower fails to specify a Type of
Loan in a Committed Loan Notice or fails to give a timely notice requesting a conversion or
continuation, then the applicable Term Loans or Revolving Credit Loans shall be made as, or
converted to, Base Rate Loans (unless the Loan being continued is a LIBOR Loan, in which case it
shall be continued as a LIBOR Loan with an Interest Period of one month) and any Synthetic L/C
Loans shall be made as LIBOR Loans with an Interest Period corresponding to the Interest Period
applicable to the Credit-Linked Deposits. Any such automatic conversion to Base Rate Loans shall
be effective as of the last day of the Interest Period then in effect with respect to the
applicable LIBOR Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of
LIBOR Loans (other than in the case

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of a Synthetic L/C Loan) in any such Committed Loan Notice, but fails to specify an Interest
Period, it will be deemed to have specified an Interest Period of one (1) month.

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

          (c) Except as otherwise provided herein, a LIBOR Loan may be continued or converted only on
the last day of an Interest Period for such LIBOR Loan unless the Borrower pays the amount due, if
any, under Section 3.05 in connection therewith. During the existence of an Event of Default, the
Required Lenders may require that no Loans may be converted to or continued as LIBOR Loans.

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

          (e) After giving effect to all Term Borrowings, all Revolving Credit Borrowings, all
conversions of Term Loans or Revolving Credit Loans from one Type to the other, and all
continuations of Term Loans or Revolving Credit Loans as the same Type, there shall not be more
than twenty (20) Interest Periods in effect (excluding those in effect for the Credit-Linked
Deposits and Synthetic L/C Borrowings) unless otherwise agreed between the Borrower and the
Administrative Agent.

          (f) The failure of any Lender to make the Loan to be made by it as part of any Borrowing shall
not relieve any other Lender of its obligation, if any, hereunder to make its Loan

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on the date of such Borrowing, but no Lender shall be responsible for the failure of any other
Lender to make the Loan to be made by such other Lender on the date of any Borrowing.

          (g) Unless the Administrative Agent shall have received notice from a Lender prior to the date
of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s
portion of such Borrowing, the Administrative Agent may assume that such Lender has made such
portion available to the Administrative Agent on the date of such Borrowing in accordance with
paragraph (b) above, and the Administrative Agent may, in reliance upon such assumption, make
available to the Borrower on such date a corresponding amount. If the Administrative Agent shall
have so made funds available, then, to the extent that such Lender shall not have made such portion
available to the Administrative Agent, each of such Lender and the Borrower severally agrees to
repay to the Administrative Agent forthwith on demand such corresponding amount together with
interest thereon, for each day from the date such amount is made available to the Borrower until
the date such amount is repaid to the Administrative Agent at (i) in the case of the Borrower, the
interest rate applicable at the time to the Loans comprising such Borrowing and (ii) in the case of
such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative
Agent in accordance with banking industry rules on interbank compensation. A certificate of the
Administrative Agent submitted to any Lender with respect to any amounts owing under this Section
2.02(g) shall be presumed correct in the absence of manifest error. If such Lender’s portion of
such Borrowing is not made available to the Administrative Agent by such Lender within three
Business Days after such the date of such Borrowing, the Administrative Agent shall also be
entitled to recover such amount with interest thereon accruing from the date on which the
Administrative Agent made the funds available to the Borrower at the rate per annum applicable to
Base Rate Loans under the relevant Facility, on demand, from the Borrower. If such Lender shall
repay to the Administrative Agent such corresponding amount, such amount shall constitute such
Lender’s Loan as part of such Borrowing for purposes of this Agreement, and the Borrower’s
obligation to repay the Administrative Agent such corresponding amount pursuant to this Section
2.02(g) shall cease.

          SECTION 2.03. Letters of Credit.

          (a) The Letter of Credit Commitments.

          (i) Subject to the terms and conditions set forth herein, (A)(1) each Revolving L/C Issuer
agrees, in reliance upon the agreements of the other Revolving Credit Lenders set forth in this
Section 2.03, from time to time on any Business Day during the period from the Closing Date until
the Revolving Letter of Credit Expiration Date, (x) to issue Revolving Letters of Credit for the
account of the Borrower (provided, that any Revolving Letter of Credit may be for the benefit of
any Restricted Subsidiary of the Borrower) and to amend or renew Revolving Letters of Credit
previously issued by it, in accordance with Section 2.03(b), and (y) to honor drafts under the
Revolving Letters of Credit and (2) the Revolving Credit Lenders severally agree to participate in
Revolving Letters of Credit issued pursuant to this Section 2.03 and (B)(1) each Synthetic L/C
Issuer agrees, in reliance upon the agreements of the other Synthetic

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L/C Lenders set forth in this Section 2.03, from time to time on any Business Day during the
period from the Closing Date until the Synthetic Letter of Credit Expiration Date, (x) to issue
Synthetic Letters of Credit for the account of the Borrower (provided, that any Synthetic Letter of
Credit may be for the benefit of any Restricted Subsidiary of the Borrower) and to amend or renew
Synthetic Letters of Credit previously issued by it, in accordance with Section 2.03(b), and (y) to
honor drafts under the Synthetic Letters of Credit and (2) the Synthetic L/C Lenders severally
agree to participate in Synthetic Letters of Credit issued pursuant to this Section 2.03; provided
that L/C Issuers shall not be obligated to make L/C Credit Extensions with respect to Letters of
Credit, and Lenders shall not be obligated to participate in Letters of Credit if as of the date of
the applicable L/C Credit Extension, (I) in the case of Revolving Letters of Credit, (x) the
Revolving Credit Exposure of any Lender would exceed such Lender’s Revolving Credit Commitment or
(y) the Outstanding Amount of the Revolving L/C Obligations would exceed the Revolving Letter of
Credit Sublimit and (II) in the case of the Synthetic Letters of Credit, (x) the Synthetic L/C
Exposure of any Lender would exceed such Lender’s Synthetic L/C Commitment, or (y) the Synthetic
L/C Exposure of any Lender would exceed the sum of such Lender’s Credit-Linked Deposit and its Pro
Rata Share of the outstanding Synthetic L/C Loans. Within the foregoing limits, and subject to the
terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully
revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit
to replace Letters of Credit that have expired or that have been drawn upon and reimbursed. If the
Borrower shall fail to specify whether any requested Letter of Credit is to be a Revolving Letter
of Credit or a Synthetic Letter of Credit, then the requested Letter of Credit shall be deemed to
be a Synthetic Letter of Credit unless the issuance thereof would not be permitted by the foregoing
provisions of this paragraph, in which case it shall be deemed to be a Revolving Letter of Credit.
Notwithstanding any such specification or deemed specification, the Borrower may request in writing
that a Letter of Credit issued under the Revolving Credit Facility or the Synthetic L/C Facility be
deemed to be issued under the other Facility (and such redesignation shall become effective five
Business Days after the date of receipt by the Administrative Agent and the relevant L/C Issuers of
such written request which shall be a Business Day) provided that at the time of the Administrative
Agent’s receipt of such request the issuance of such a Letter of Credit would be permitted under
such Facility by the foregoing provisions of this paragraph.

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

(1) subject to Section 2.03(b)(iii), the expiry date of such requested
Letter of Credit would occur more than twelve months after the date of
issuance or last renewal, unless otherwise agreed by the L/C Issuer and the
Administrative Agent; or

(2) the expiry date of such requested Letter of Credit would occur after the
applicable Letter of Credit Expiration Date, unless (1) all the Revolving
Credit Lenders or all the Synthetic L/C Lenders, as applicable, have
approved such expiry date or (2) the Outstanding Amount of the L/C

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Obligations in respect of such requested Letter of Credit has been Cash
Collateralized.

(B) An L/C Issuer shall be under no obligation to issue any Letter of Credit if:

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

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

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

          (iv) The Existing Letters of Credit shall be governed by the terms and conditions of this
Agreement and shall, for all purposes, be deemed to be Letters of Credit issued hereunder.

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

          (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of
the Borrower delivered to an L/C Issuer (with a copy to the Administrative Agent) in the form of a
Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the
Borrower. Such Letter of Credit Application must be received by the relevant L/C Issuer and the
Administrative Agent not later than 12:00 noon at least two (2) Business Days prior to the proposed
issuance date or date of amendment, as the case may be; or, in each case, such later date and time
as the relevant L/C Issuer and the Administrative Agent may agree in a particular instance in its
sole discretion. In the case of a request for an initial issuance of a Letter of Credit, such
Letter of Credit Application shall specify in form and detail reasonably satisfactory to the
relevant L/C Issuer: (a) the proposed issuance date of the requested Letter of Credit (which shall
be a Business Day); (b) the amount thereof; (c) the expiry date

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thereof; (d) the name and address of the beneficiary thereof; (e) the documents to be
presented by such beneficiary in case of any drawing thereunder; (f) the full text of any
certificate to be presented by such beneficiary in case of any drawing thereunder; and (g) such
other matters as the relevant L/C Issuer may reasonably request. In the case of a request for an
amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in
form and detail reasonably satisfactory to the relevant L/C Issuer (1) the Letter of Credit to be
amended; (2) the proposed date of amendment thereof (which shall be a Business Day); (3) the nature
of the proposed amendment; and (4) such other matters and documents as the relevant L/C Issuer may
reasonably request.

          (ii) Promptly after receipt of any Letter of Credit Application, the relevant L/C Issuer will
confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent
has received a copy of such Letter of Credit Application from the Borrower and, if not, such L/C
Issuer will provide the Administrative Agent with a copy thereof. Upon receipt by the relevant L/C
Issuer of confirmation from the Administrative Agent that the requested issuance or amendment is
permitted in accordance with the terms hereof, then, subject to the terms and conditions hereof,
such L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the
Borrower or enter into the applicable amendment, as the case may be. Immediately upon the issuance
of (x) each Revolving Letter of Credit, each Revolving Credit Lender shall be deemed to, and hereby
irrevocably and unconditionally agrees to, acquire from the relevant L/C Issuer a risk
participation in such Revolving Letter of Credit in an amount equal to the product of such
Revolving Credit Lender’s Pro Rata Share times the amount of such Revolving Letter of Credit and
(y) each Synthetic Letter of Credit, each Synthetic L/C Lender shall be deemed to, and hereby
irrevocably and unconditionally agrees to, acquire from the relevant L/C Issuer a risk
participation in such Synthetic Letter of Credit in an amount equal to the product of such
Synthetic L/C Lender’s Pro Rata Share times the amount of such Synthetic Letter of Credit.

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

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the day that is five (5) Business Days before the Nonrenewal Notice Date from the
Administrative Agent, any Revolving Credit Lender or Synthetic L/C Lender, as applicable, or the
Borrower that one or more of the applicable conditions specified in Section 4.02 is not then
satisfied.

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

          (c) Drawings and Reimbursements; Funding of Participations.

          (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under
such Letter of Credit, the relevant L/C Issuer shall notify promptly the Borrower and the
Administrative Agent thereof and the applicable date of payment by such L/C Issuer thereunder. Not
later than 11:00 a.m. on the first Business Day immediately following such applicable date of
payment (each such date, a “Required Reimbursement Date”), the Borrower shall reimburse such L/C
Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the
Borrower fails to so reimburse such L/C Issuer by such time, the Administrative Agent shall
promptly notify each Appropriate Lender of the Required Reimbursement Date, the amount of the
unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Appropriate Lender’s Pro
Rata Share thereof. In such event, (x) in the case of an Unreimbursed Amount under a Revolving
Letter of Credit, the Borrower shall be deemed to have requested a Revolving Credit Borrowing of
Base Rate Loans and (y) in the case of an Unreimbursed Amount under a Synthetic Letter of Credit,
the Borrower shall be deemed to have requested a Synthetic L/C Borrowing of LIBOR Loans as
described in clause (ix) below, in each case to be disbursed on the Required Reimbursement Date in
an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified
in Section 2.02 for the principal amount of LIBOR Loans or Base Rate Loans, but subject to the
amount of the unutilized portion of the Revolving Credit Commitments of the Appropriate Lenders and
Revolving Credit Lenders or the unutilized portion of the Synthetic L/C Commitments of the
Synthetic L/C Lenders, as applicable, and subject, in each case, to the conditions set forth in
Section 4.02 (other than the delivery of a Committed Loan Notice). Any notice given by an L/C
Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if
immediately confirmed in writing; provided that the lack of such an immediate confirmation shall
not affect the conclusiveness or binding effect of such notice.

          (ii) Each Revolving Credit Lender (including any such Lender acting as an L/C Issuer) shall
upon any notice pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent for
the account of the relevant Revolving L/C Issuer at the Administrative Agent’s Office for payments
in an amount equal to its Pro Rata Share of any Unreimbursed Amount in respect of a Revolving
Letter of Credit not later than 1:00 p.m. on the Business Day specified in such notice by the
Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving
Credit Lender that so makes funds available shall be deemed

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to have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall
remit the funds so received to the relevant Revolving L/C Issuer.

          (iii) With respect to any Unreimbursed Amount in respect of a Revolving Letter of Credit that
is not fully refinanced by a Revolving Credit Borrowing of Base Rate Loans because the conditions
set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrower shall be deemed
to have incurred from the relevant Revolving L/C Issuer a Revolving L/C Borrowing in the amount of
the Unreimbursed Amount that is not so refinanced, which Revolving L/C Borrowing shall be due and
payable on demand (together with interest) and shall bear interest at the Default Rate. In such
event, each Revolving Credit Lender’s payment to the Administrative Agent for the account of the
relevant Revolving L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of
its participation in such Revolving L/C Borrowing and shall constitute a Revolving L/C Advance from
such Lender in satisfaction of its participation obligation under this Section 2.03.

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

          (v) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or Revolving L/C
Advances to reimburse a Revolving L/C Issuer for amounts drawn under Revolving Letters of Credit,
as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be
affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other
right which such Lender may have against the relevant Revolving L/C Issuer, the Borrower or any
other Person for any reason whatsoever; (B) the occurrence or continuance of a Default; or (C) any
other occurrence, event or condition, whether or not similar to any of the foregoing; provided that
each Revolving Credit Lender’s obligation to make Revolving Credit Loans pursuant to this Section
2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrower
of a Committed Loan Notice). No such making of a Revolving L/C Advance shall relieve or otherwise
impair the obligation of the Borrower to reimburse the relevant Revolving L/C Issuer for the amount
of any payment made by such Revolving L/C Issuer under any Revolving Letter of Credit, together
with interest as provided herein.

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

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submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to
any amounts owing under this Section 2.03(c)(vi) shall be presumed correct absent manifest error.

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

          (viii) If the Synthetic L/C Issuer shall not have received from the Borrower the payment
required to be made by Section 2.03(c)(i) with respect to any Synthetic Letter of Credit within the
time specified in such Section, the Administrative Agent will promptly notify each Synthetic L/C
Lender of such Unreimbursed Amount and its Pro Rata Share thereof. Each Synthetic L/C Lender
hereby authorizes the Administrative Agent to reimburse the Synthetic L/C Issuer solely from such
Lender’s Pro Rata Share of the Credit-Linked Deposits on deposit with the Administrative Agent in
the Credit-Linked Deposit Account (it being understood that such amount shall be deemed to
constitute a Synthetic L/C Loan (which shall initially be a LIBOR Loan as set forth in clause (ix)
below) of such Lender and such payment shall have reduced the Credit-Linked Deposits in a like
amount) (it being further understood that if the conditions precedent to borrowing set forth in
Section 4.02 have not been met, then such amount shall not constitute a Synthetic L/C Loan and
shall not relieve the Borrower of its obligation to reimburse such Unreimbursed Amount), and the
Administrative Agent will promptly pay to the Synthetic L/C Issuer such amounts. Notwithstanding
anything herein to the contrary, the funding obligation of each Synthetic L/C Lender in respect of
its participation in Synthetic Letters of Credit shall be satisfied in full upon the funding of its
Credit-Linked Deposit. Any amounts received by the Administrative Agent thereafter pursuant to
Section 2.03(c) in respect of an Unreimbursed Amount under a Synthetic Letter of Credit will be
promptly remitted by the Administrative Agent to the Credit-Linked Deposit Account (it being
understood that, thereafter, such amounts will be available to reimburse the Synthetic L/C Issuer
in accordance with the preceding sentence of this paragraph).

          (ix) On each date on which the Administrative Agent charges the Credit-Linked Deposit Account
to reimburse an Unreimbursed Amount in respect of a Synthetic Letter of Credit as provided in
Section 2.03(c)(viii), if such amount is deemed to be a Synthetic L/C Loan, the Borrower shall have
the right either to reimburse such amount or to allow such amount to remain outstanding as a
Synthetic L/C Loan , with interest to accrue and be payable with respect thereto as set forth in
Section 2.08.

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          (x) If any payment received by the Administrative Agent for the account of an L/C Issuer
pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described
in Section 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its
discretion), (1) in the case of a Revolving Letter of Credit, each Revolving Lender shall pay to
the Administrative Agent for the account of such Revolving L/C Issuer its Pro Rata Share 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 and (2) in the case of a Synthetic Letter of Credit, each Synthetic L/C
Lender hereby authorizes the Administrative Agent to reimburse such Synthetic L/C Issuer solely
from such Lender’s Pro Rata Share of the Credit-Linked Deposits on deposit with the Administrative
Agent in the Credit-Linked Deposit Account, 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 LIBOR for Term Loans.

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

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

     (ii) the existence of any claim, counterclaim, setoff, defense or other right that any
Loan Party 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 relevant L/C Issuer or any other Person, whether in connection with this Agreement, the
transactions contemplated hereby or by such Letter of Credit or any agreement or instrument
relating thereto, or any unrelated transaction;

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

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

     (v) any exchange, release or nonperfection of any Collateral, or any release or
amendment or waiver of or consent to departure from the Guaranty or any other

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guarantee, for all or any of the Obligations any Loan Party in respect of such Letter
of Credit; or

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

provided that the foregoing shall not excuse any L/C Issuer from liability to the Borrower to the
extent of any direct damages (as opposed to consequential damages, claims in respect of which are
waived by the Borrower to the extent permitted by applicable Law) suffered by the Borrower that are
caused by acts or omissions by such L/C Issuer constituting gross negligence or willful misconduct
on the part of such L/C Issuer.

          (e) Role of L/C Issuers. Each Lender and the Borrower agree that, in paying any drawing under
a Letter of Credit, the relevant L/C Issuer shall not have any responsibility to obtain any
document (other than any sight draft, certificates and documents expressly required by the Letter
of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the
authority of the Person executing or delivering any such document. None of the L/C Issuers, any
Agent-Related Person nor any of the respective correspondents, participants or assignees of any L/C
Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at
the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any
action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due
execution, effectiveness, validity or enforceability of any document or instrument related to any
Letter of Credit or Letter of Credit Application. The Borrower hereby assumes all risks of the
acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit;
provided that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing
such rights and remedies as it may have against the beneficiary or transferee at law or under any
other agreement. None of the L/C Issuers, any Agent-Related Person, nor any of the respective
correspondents, participants or assignees of any L/C Issuer, shall be liable or responsible for any
of the matters described in clauses (i) through (iii) of this Section 2.03(e); provided that
anything in such clauses to the contrary notwithstanding, the Borrower may have a claim against an
L/C Issuer, and such L/C Issuer may be liable to the Borrower, to the extent of any direct, as
opposed to consequential or exemplary, damages suffered by the Borrower that were caused by such
L/C Issuer’s willful misconduct or gross negligence or such L/C Issuer’s willful or grossly
negligent 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, each L/C Issuer may accept
documents that appear on their face to be in order, without responsibility for further
investigation, regardless of any notice or information to the contrary, and no L/C Issuer shall 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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          (f) Cash Collateral. If (i) any Event of Default occurs and is continuing and the Required
Lenders require the Borrower to Cash Collateralize its Revolving L/C Obligations pursuant to
Section 8.02(c) or (ii) an Event of Default set forth under Section 8.01(f) occurs and is
continuing, then the Borrower shall Cash Collateralize the then Outstanding Amount of all Revolving
L/C Obligations (in an amount equal to such Outstanding Amount determined as of the date of such
Event of Default), and shall do so not later than 2:00 p.m. New York City time on (x) in the case
of the immediately preceding clause (i), (1) the Business Day that the Borrower receives notice
thereof, if such notice is received on such day prior to 12:00 Noon New York City time or (2) if
clause (1) above does not apply, the Business Day immediately following the day that the Borrower
receives such notice and (y) in the case of the immediately preceding clause (ii), the Business Day
on which an Event of Default set forth under Section 8.01(f) occurs or, if such day is not a
Business Day, the Business Day immediately succeeding such day. For purposes hereof, “Cash
Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the
benefit of the relevant Revolving L/C Issuer and the Revolving Credit Lenders, as collateral for
the Revolving L/C Obligations, cash or deposit account balances (“Cash Collateral”) pursuant to
documentation in form and substance reasonably satisfactory to the Administrative Agent and the
relevant Revolving L/C Issuer (which documents are hereby consented to by the Revolving Credit
Lenders). Derivatives of such term have corresponding meanings. The Borrower hereby grants to the
Administrative Agent, for the benefit of the Revolving L/C Issuers and the Revolving Credit
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 accounts at the
Administrative Agent and may be invested in readily available Cash Equivalents. If at any time the
Administrative Agent determines that any funds held as Cash Collateral are subject to any right or
claim of any Person other than the Administrative Agent (on behalf of the Secured Parties) or that
the total amount of such funds is less than the aggregate Outstanding Amount of all Revolving L/C
Obligations, the Borrower will, forthwith upon demand by the Administrative Agent, pay to the
Administrative Agent, as additional funds to be deposited and held in the deposit accounts at the
Administrative Agent as aforesaid, an amount equal to the excess of (a) such aggregate Outstanding
Amount over (b) the total amount of funds, if any, then held as Cash Collateral that the
Administrative Agent reasonably determines to be free and clear of any such right and claim. Upon
the drawing of any Letter of Credit for which funds are on deposit as Cash Collateral, such funds
shall be applied, to the extent permitted under applicable Law, to reimburse the relevant Revolving
L/C Issuer. To the extent the amount of any Cash Collateral exceeds the then Outstanding Amount of
such Revolving L/C Obligations and so long as no Event of Default has occurred and is continuing,
the excess shall be refunded to the Borrower. If such Event of Default is cured or waived and no
other Event of Default is then occurring and continuing, the amount of any Cash Collateral shall be
refunded to the Borrower.

          (g) Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the account
of each Revolving Credit Lender in accordance with its Pro Rata Share a Revolving Letter of Credit
fee for each Revolving Letter of Credit issued pursuant to this Agreement equal to the Applicable
Rate times the daily maximum amount then available to be drawn under such Revolving Letter of
Credit (whether or not such maximum amount is then in

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effect under such Revolving Letter of Credit if such maximum amount increases periodically
pursuant to the terms of such Revolving Letter of Credit). Such letter of credit fees shall be
computed on a quarterly basis in arrears. Such letter of credit fees shall be due and payable in
Dollars on the first Business Day after the end of each March, June, September and December,
commencing with the first such date to occur after the issuance of such Revolving Letter of Credit,
on the Revolving Letter of Credit Expiration Date and thereafter on demand. If there is any change
in the Applicable Rate during any quarter, the daily maximum amount of each Revolving Letter of
Credit shall be computed and multiplied by the Applicable Rate separately for each period during
such quarter that such Applicable Rate was in effect.

          (h) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower
shall pay directly to each L/C Issuer for its own account a fronting fee with respect to each
Letter of Credit issued by it equal to 0.125% per annum of the daily maximum amount then available
to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under
such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such
Letter of Credit). Such fronting fees shall be computed on a quarterly basis in arrears. Such
fronting fees shall be due and payable on the first Business Day after the end of each March, June,
September and December, commencing with the first such date to occur after the issuance of such
Letter of Credit, on the applicable Letter of Credit Expiration Date and thereafter on demand. In
addition, the Borrower shall pay directly to each L/C Issuer for its own account the customary
issuance, presentation, amendment and other processing fees, and other standard costs and charges,
of such L/C Issuer relating to letters of credit as from time to time in effect. Such customary
fees and standard costs and charges are due and payable within ten (10) Business Days of demand and
are nonrefundable.

          (i) Conflict with Letter of Credit Application. Notwithstanding anything else to the contrary
in any Letter of Credit Application, in the event of any conflict between the terms hereof and the
terms of any Letter of Credit Application, the terms hereof shall control.

          (j) Addition of a Revolving L/C Issuer. A Revolving Credit Lender reasonably satisfactory to
the Administrative Agent may become an additional Revolving L/C Issuer hereunder pursuant to a
written agreement among the Borrower, the Administrative Agent and such Revolving Credit Lender.
The Administrative Agent shall notify the Revolving Credit Lenders of any such additional Revolving
L/C Issuer.

          (k) Credit-Linked Deposit Account. (i) Each of the Administrative Agent, the Synthetic L/C
Issuer and each Synthetic L/C Lender hereby acknowledges and agrees that (x) each Synthetic L/C
Lender is funding its Credit-Linked Deposit to the Administrative Agent for application in the
manner contemplated by Section 2.03(c)(viii) and (y) the Administrative Agent may invest the
Credit-Linked Deposits in such investments as may be determined from time to time by the
Administrative Agent. The Administrative Agent hereby agrees to pay to each Synthetic L/C Lender
interest (computed on the basis of the actual number of days elapsed over a year of 360 days) on
the amount of such Synthetic L/C Lender’s Pro Rata Share of the aggregate amount of the
Credit-Linked Deposits at a rate per annum equal to LIBOR for an interest period

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of 30 days (reset weekly) less the Credit-Linked Deposit Cost Amount. Each Synthetic L./C
Lender’s Pro Rata Share of interest accrued on the Credit-Linked Deposits through and including the
last day of March, June, September and December of each year shall be payable on the first Business
Day following such last day, and on any date on which any Credit-Linked Deposit is terminated and
the funds therein returned to such Lenders. With respect to any such interest period in respect of
the Credit-Linked Deposits during which a Synthetic L/C Loan is deemed made, the Administrative
Agent shall determine (i) the amount of interest payable by the Borrower on such Synthetic L/C Loan
in accordance with Section 2.08(a)(iv) and (ii) the amount of interest payable by the
Administrative Agent on the Credit-Linked Deposits during such interest period in accordance with
this Section 2.03(k), in each case for the portion of such interest period during which such
Synthetic L/C Loan is outstanding pursuant to Section 2.03(c)(i), and such determination shall be
presumed correct absent manifest error.

          (ii) The Borrower shall have no right, title or interest in or to the Credit-Linked Deposit
Account or the Credit-Linked Deposits and no obligations with respect thereto other than as
expressly provided in this Agreement. Without limiting the foregoing, the obligation to return the
Credit-Linked Deposits to the Synthetic L/C Lenders is solely an obligation of the Administrative
Agent, and the Borrower shall have no liability or obligation in respect of the principal amount of
the Credit-Linked Deposits.

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

          (m) Applicability of ISP and UCP. Unless otherwise expressly agreed by the relevant L/C
Issuer and the Borrower when a Letter of Credit is issued (including any such agreement applicable
to an Existing Letter of Credit), (i) the rules of the ISP shall apply to each standby Letter of
Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most
recently published by the International Chamber of Commerce at the time of issuance, shall apply to
each commercial Letter of Credit.

          SECTION 2.04. Swing Line Loans.

          (a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing Line
Lender agrees to make loans in Dollars (each such loan, a “Swing Line Loan”) to the Borrower from
time to time on any Business Day (other than the Closing Date) until the Maturity Date in an
aggregate amount not to exceed at any time outstanding the amount of the Swing Line Sublimit,
notwithstanding the fact that such Swing Line Loans, when aggregated with the Pro Rata Share of the
Outstanding Amount of Revolving Credit Loans and Revolving L/C Obligations of the Lender acting as
Swing Line Lender, may exceed the amount of such Lender’s Revolving Credit Commitment; provided
that, after giving effect to any Swing Line

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Loan, the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such
Lender’s Pro Rata Share of the Outstanding Amount of all Revolving L/C Obligations, plus such
Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such
Lender’s Revolving Credit Commitment then in effect. Within the foregoing limits, and subject to
the other terms and conditions hereof, the Borrower may borrow under this Section 2.04, prepay
under Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall be a Base
Rate Loan. Immediately upon the making of a Swing Line Loan, each Revolving Credit Lender shall be
deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line
Lender a risk participation in such Swing Line Loan in an amount equal to the product of such
Lender’s Pro Rata Share times the amount of such Swing Line Loan.

          (b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Borrower’s
irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by
telephone. Each such notice must be received by the Swing Line Lender and the Administrative Agent
not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be
borrowed, which shall be a minimum of $100,000 (and any amount in excess of $100,000 shall be an
integral multiple of $25,000), and (ii) the requested borrowing date, which shall be a Business
Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender
and the Administrative Agent of a written Swing Line Loan Notice, appropriately completed and
signed by a Responsible Officer of the Borrower. Promptly after receipt by the Swing Line Lender
of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the
Administrative Agent (by telephone or in writing) that the Administrative Agent has also received
such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent
(by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received
notice (by telephone or in writing) from the Administrative Agent (including at the request of any
Revolving Credit Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A)
directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set
forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the
applicable conditions specified in Section 4.02 is not then satisfied, then, subject to the terms
and conditions hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing date
specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the
Borrower.

          (c) Refinancing of Swing Line Loans.

          (i) The Swing Line Lender at any time in its sole and absolute discretion may request, on
behalf of the Borrower (which hereby irrevocably authorizes the Swing Line Lender to so request on
its behalf), that each Revolving Credit Lender make a Base Rate Loan in an amount equal to such
Lender’s Pro Rata Share of the amount of Swing Line Loans then outstanding. Such request shall be
made in writing (which written request shall be deemed to be a Committed Loan Notice for purposes
hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and
multiples specified therein for the principal amount of Base Rate Loans, but subject to the
unutilized portion of the aggregate Revolving

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Credit Commitments and the conditions set forth in Section 4.02. The Swing Line Lender shall
furnish the Borrower with a copy of the applicable Committed Loan Notice promptly after delivering
such notice to the Administrative Agent. Each Revolving Credit Lender shall make an amount equal
to its Pro Rata Share of the amount specified in such Committed Loan Notice available to the
Administrative Agent in immediately available funds for the account of the Swing Line Lender at the
Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such Committed Loan
Notice, whereupon, subject to Section 2.04(c)(ii), each Revolving Credit Lender that so makes funds
available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The
Administrative Agent shall remit the funds so received to the Swing Line Lender.

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

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

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

          (d) Repayment of Participations.

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

          (ii) If any payment received by the Swing Line Lender in respect of principal or interest on
any Swing Line Loan is required to be returned by the Swing Line Lender under any of the
circumstances described in Section 10.06 (including pursuant to any settlement entered into by the
Swing Line Lender in its discretion), each Revolving Credit Lender shall pay to the Swing Line
Lender its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from
the date of such demand to the date such amount is returned, at a rate per annum equal to the
Federal Funds Rate. The Administrative Agent will make such demand upon the request of the Swing
Line Lender.

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

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

          SECTION 2.05. Prepayments.

          (a) Optional.

          (i) The Borrower may, upon notice to the Administrative Agent, at any time or from time to
time voluntarily prepay Term Loans, Revolving Credit Loans and Synthetic L/C Loans in whole or in
part without premium or penalty; provided that (1) such notice must be received by the
Administrative Agent not later than 12:00 p.m. (New York, New York time) (A) three (3) Business
Days prior to any date of prepayment of LIBOR Loans and (B) on the date of prepayment of Base Rate
Loans; (2) any prepayment of LIBOR Loans shall be in a principal amount of $1,000,000 or a whole
multiple of $500,000 in excess thereof; and (3) any prepayment of Base Rate Loans shall be in a
principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if
less, the entire principal amount thereof then outstanding. Each such notice shall specify the
date and amount of such prepayment and the Class(es) and Type(s) of Loans to be prepaid and the
payment amount specified in such notice shall be due and payable on the date specified therein.
The Administrative Agent will promptly notify each Appropriate Lender of its receipt of each such
notice, and of the amount of such Lender’s Pro Rata Share of such prepayment. Any prepayment of a
LIBOR Loan shall be accompanied by all accrued and unpaid interest thereon, together with any
additional amounts required pursuant to

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Section 3.05. Each prepayment of the Loans pursuant to this Section 2.05(a) shall be paid to
the Appropriate Lenders in accordance with their respective Pro Rata Shares.

          (ii) The Borrower may, upon notice to the Swing Line Lender (with a copy to the Administrative
Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part
without premium or penalty; provided that (1) such notice must be received by the Swing Line Lender
and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (2) any
such prepayment shall be in a minimum principal amount of $100,000 or a whole multiple of $25,000
in excess thereof or, if less, the entire principal amount thereof then outstanding. Each such
notice shall specify the date and amount of such prepayment and the payment amount specified in
such notice shall be due and payable on the date specified therein.

          (iii) Notwithstanding anything to the contrary contained in this Agreement, the Borrower may
rescind any notice of prepayment under Section 2.05(a)(i) or 2.05(a)(ii) if such prepayment would
have resulted from a refinancing of all of the Facilities and such refinancing is not consummated
or is delayed.

          (iv) Voluntary prepayments of Term Loans shall be applied to the remaining scheduled
installments of principal thereof pursuant to Section 2.07(a) in a manner determined at the
discretion of the Borrower and specified in the notice of prepayment; provided that, if the
Borrower fails to give such notice at the time of such prepayment or in the event such notice fails
to specify the manner in which the respective prepayment of Term Loans shall be applied to
repayments thereof required pursuant to Section 2.07(a), such prepayment of Term Loans shall be
applied in direct order of maturity to repayments thereof required pursuant to Section 2.07(a).

          (v) Voluntary prepayments of Synthetic L/C Loans made other than in connection with a
corresponding reduction of the Synthetic L/C Commitments shall be made to the Administrative Agent,
which shall promptly remit the same to the Credit-Linked Deposit Account.

          (b) Mandatory.

          (i) Within five (5) Business Days after the applicable Compliance Certificate has been
delivered pursuant to Section 6.02(a), the Borrower shall offer to prepay, subject to clause
(b)(vi) of this Section 2.05, an aggregate principal amount of Term Loans equal to (A) 50% (such
percentage as it may be reduced as described below, the “ECF Percentage”) of Excess Cash Flow, if
any, for the fiscal year covered by such financial statements (commencing with the fiscal year
ended September 30, 2008) minus (B) the sum of (i) all voluntary prepayments of Term Loans
during such fiscal year and (ii) all voluntary prepayments of Revolving Credit Loans during such
fiscal year to the extent the Revolving Credit Commitments are permanently reduced by the amount of
such payments, in the case of each of the immediately preceding clauses (i) and (ii), to the extent
such prepayments are not funded with the proceeds of Indebtedness; provided that (x) the ECF
Percentage shall be 25% if the Senior Secured Leverage Ratio as of the end of the fiscal year
covered by such financial statements was less than 2.25 to

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1.00 and greater than or equal to 1.75 to 1.00 and (y) the ECF Percentage shall be 0% if the
Senior Secured Leverage Ratio as of the end of the fiscal year covered by such financial statements
was less than 1.75 to 1.00.

          (ii) (A) If (1)(x) the Borrower or any of its Restricted Subsidiaries Disposes of any
property or assets (other than any Disposition of any property or assets permitted by Section
7.05(a), (b), (c), (d) (to the extent constituting a Disposition to a Loan Party), (e), (f), (g),
(h), (k), (l) or (o)) or (y) any Casualty Event occurs, which results in the realization or receipt
by the Borrower or such Restricted Subsidiary of Net Cash Proceeds and (2) the Senior Secured
Leverage Ratio as of the end of the Test Period immediately preceding such Disposition or Casualty
Event is greater than 2.00 to 1.00 (calculated on a Pro Forma Basis), the Borrower shall offer to
prepay on or prior to the date which is ten (10) Business Days after the date of the realization or
receipt of such Net Cash Proceeds, subject to clause (b)(vi) of this Section 2.05, an aggregate
principal amount of Term Loans equal to 100% (such percentage as it may be reduced as described
below, the “Disposition Prepayment Percentage”) of all Net Cash Proceeds realized or received (or,
at the option of the Borrower, use such Net Cash Proceeds to prepay Revolving Credit Loans, Cash
Collateralize outstanding Revolving L/C Obligations and permanently reduce outstanding Revolving
Credit Commitments); provided that (x) the Disposition Prepayment Percentage shall be 75% if the
Senior Secured Leverage Ratio as of the end of the Test Period immediately preceding such
Disposition or Casualty Event was less or equal to 2.00 to 1.00 and greater than 1.50 to 1.00 and
(y) the Disposition Prepayment Percentage shall be 0% if the Senior Secured Leverage Ratio as of
the end of the Test Period immediately preceding such Disposition or Casualty Event was less than
1.50 to 1.00; and provided, further that:

	 	(1)	 	no prepayment shall be required pursuant to this Section
2.05(b)(ii)(A) with respect to such portion of such Net Cash Proceeds that the
Borrower shall have, on or prior to such date, given written notice to the
Administrative Agent of its intent to reinvest in accordance with Section
2.05(b)(ii)(B) (which notice may be provided only if no Event of Default under
Section 8.01(a) or Section 8.01(f) has occurred and is then continuing);
	 
	 	(2)	 	with respect to Net Cash Proceeds received in connection with
the Disposition of Securitization Assets to a Securitization Subsidiary
pursuant to Section 7.05(p), the Borrower shall only be required to make a
prepayment pursuant to this Section 2.05(b)(ii)(A) in an amount equal to the
lesser of (A) the amount then required to be paid pursuant to the foregoing
provisions of this Section 2.05(b)(ii)(A) and (B) such amount that, after
giving effect to such prepayment, will cause the Senior Secured Leverage Ratio
for the Test Period immediately preceding such prepayment to be less than or
equal to 3.50 to 1.00 (calculated on a Pro Forma Basis) (as evidenced by a
certificate from a Responsible Officer of

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	 	 	 	the Borrower demonstrating such satisfaction calculated in reasonable
detail); and
	 
	 	(3)	 	with respect to Net Cash Proceeds received by the Borrower or
any Restricted Subsidiary in connection with a Disposition in the form of an
exchange of like property pursuant to Section 7.05(n), no prepayment shall be
required so long as (A) no Event of Default has occurred and is then continuing
and (B) the aggregate amount of such Net Cash Proceeds not applied pursuant to
this clause (3) does not exceed $100,000,000 in the aggregate (and thereafter
only Net Cash Proceeds in excess of such amount shall be required to be so
applied); and
	 
	 	(4)	 	with respect to Net Cash Proceeds received by the
Borrower or any Restricted Subsidiary in connection with any Disposition
other than pursuant to Section 7.05(n) or Section 7.05(p), no prepayment
shall be required so long as (A) no Event of Default has occurred and is
then continuing and (B) the aggregate amount of such Net Cash Proceeds not
applied pursuant to this clause (4) does not exceed (x) with respect to Net
Cash Proceeds received in connection with the sale or issuance of Equity
Interests in Restricted Subsidiaries to Hospital Investment Program
Participants (“Syndication Proceeds”) pursuant to Section 7.05(r),
$40,000,000 per fiscal year (and thereafter only Net Cash Proceeds in excess
of such amount shall be required to be so applied) and (y) with respect to
all other Net Cash Proceeds received in connection with Dispositions
(including Syndication Proceeds in excess of $40,000,000 per fiscal year),
$50,000,000 per fiscal year (and thereafter only Net Cash Proceeds in excess
of such amount shall be required to be so applied).

               (B) With respect to any Net Cash Proceeds realized or received with respect to any
Disposition (other than any Disposition specifically excluded from the application of Section
2.05(b)(ii)(A)) or any Casualty Event, at the option of the Borrower, the Borrower may reinvest all
or any portion of such Net Cash Proceeds in assets useful for its business within (x) twenty-four
(24) months following receipt of such Net Cash Proceeds if such reinvestment relates a Greenfield
Construction Project, (y) twelve (12) months following receipt of such Net Cash Proceeds for any
other purpose or (z) thirty-six (36) months following receipt of such Net Cash Proceeds if the
Borrower enters into a legally binding commitment to reinvest such Net Cash Proceeds within the
time periods set forth in sub-clauses (x) or (y) above; provided that if any portion of such Net
Cash Proceeds has not been so reinvested within the time periods set forth in sub-clauses (x), (y)
or (z) above, subject to clause (b)(vi) of this Section 2.05, an amount equal to any such Net Cash
Proceeds shall be applied within five (5) Business Days after the last day of such period to the
prepayment of the Term Loans (or, at the option of the Borrower, to the prepayment of the Revolving
Credit Loans, to Cash Collateralize outstanding Revolving L/C Obligations and to permanently reduce
outstanding Revolving Credit Commitments) as set forth in this Section 2.05.

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          (iii) If the Borrower or any Restricted Subsidiary incurs or issues any Indebtedness not
expressly permitted to be incurred or issued pursuant to Section 7.03, the Borrower shall offer to
prepay, subject to clause (b)(vi) of this Section 2.05, an aggregate principal amount of Term Loans
equal to 100% of all Net Cash Proceeds received therefrom on or prior to the date which is five (5)
Business Days after the receipt of such Net Cash Proceeds.

          (iv) If for any reason the aggregate Revolving Credit Exposures of any Facility at any time
exceeds the aggregate Revolving Credit Commitments then in effect for such Facility, the Borrower
shall immediately prepay Revolving Credit Loans and Swing Line Loans and/or Cash Collateralize the
L/C Obligations with respect to such Facility in an aggregate amount equal to such excess; provided
that the Borrower shall not be required to Cash Collateralize the L/C Obligations of such Facility
pursuant to this Section 2.05(b)(iv) unless after the prepayment in full of the Revolving Credit
Loans and Swing Line Loans under such Facility, such aggregate Revolving Credit Exposure exceeds
the aggregate Revolving Credit Commitments then in effect for such Facility.

          (v) (X) Each prepayment of Term Loans pursuant to this Section 2.05(b) shall be applied to the
remaining scheduled installments of principal thereof pursuant to Section 2.07(a) in a manner
determined at the discretion of the Borrower and specified to the Administrative Agent; and (Y)
each such prepayment shall be paid to the Term Lenders in accordance with their respective Pro Rata
Shares subject to clause (vi) of this Section 2.05(b).

          (vi) The Borrower shall notify the Administrative Agent in writing of any mandatory prepayment
of Term Loans required to be made pursuant to clauses (i) through (iii) of this Section 2.05(b) at
least three (3) Business Days prior to the date of such prepayment. Each such notice shall specify
the date of such prepayment and provide a reasonably detailed calculation of the amount of such
prepayment. The Administrative Agent will promptly notify each Appropriate Lender of the contents
of the Borrower’s prepayment notice and of such Appropriate Lender’s Pro Rata Share of the
prepayment. Each Appropriate Lender may reject all or a portion of its Pro Rata Share of any
mandatory prepayment (such declined amounts, the “Declined Proceeds”) of Term Loans required to be
made pursuant to clauses (i) through (iii) of this Section 2.05(b) by providing written notice
(each, a “Rejection Notice”) to the Administrative Agent and the Borrower no later than 5:00 p.m.
(New York time) one Business Day after the date of such Lender’s receipt of notice from the
Administrative Agent regarding such prepayment. Each Rejection Notice from a given Lender shall
specify the principal amount of the mandatory repayment of Term Loans to be rejected by such
Lender. If a Lender fails to deliver a Rejection Notice to the Administrative Agent within the
time frame specified above or such Rejection Notice fails to specify the principal amount of the
Term Loans to be rejected, any such failure will be deemed an acceptance of the total amount of
such mandatory prepayment of Term Loans. Any Declined Proceeds shall be offered to the Appropriate
Lenders not so declining such prepayment on a pro rata basis in accordance with their respective
Pro Rata Shares (with such non-declining Lenders having the right to decline any prepayment with
Declined Proceeds at the time and in the manner specified by the Administrative Agent). To the
extent such non-declining Lenders elect to decline their pro rata share of such Declined

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Proceeds, any Declined Proceeds remaining thereafter shall be retained by the Borrower
(“Retained Declined Proceeds").

          (c) Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be
accompanied by all accrued and unpaid interest thereon, together with, in the case of any such
prepayment of a LIBOR Loan (other than a Synthetic L/C Loan to the extent such prepayment is
applied to increase the Credit-Linked Deposits) on a date other than the last day of an Interest
Period therefor, any amounts owing in respect of such LIBOR Loan pursuant to Section 3.05.

          Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of
Default shall have occurred and be continuing, if any prepayment of LIBOR Loans is required to be
made under this Section 2.05 prior to the last day of the Interest Period therefor, in lieu of
making any payment pursuant to this Section 2.05 in respect of any such LIBOR Loan prior to the
last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit the
amount of any such prepayment otherwise required to be made thereunder into a Cash Collateral
Account until the last day of such Interest Period, at which time the Administrative Agent shall be
authorized (without any further action by or notice to or from the Borrower or any other Loan
Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05.
Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent
shall also be authorized (without any further action by or notice to or from the Borrower or any
other Loan Party) to apply such amount to the prepayment of the outstanding Loans in accordance
with the relevant provisions of this Section 2.05.

          SECTION 2.06. Termination or Reduction of Commitments.

          (a) Optional. The Borrower may, upon written notice to the Administrative Agent, terminate
the unused Commitments of any Class, or from time to time permanently reduce the unused Commitments
of any Class, in each case without premium or penalty; provided that (i) any such notice shall be
received by the Administrative Agent one (1) Business Day prior to the date of termination or
reduction, (ii) any such partial reduction shall be in an aggregate amount of $500,000 or any whole
multiple of $100,000 in excess thereof and (iii) if, after giving effect to any reduction of the
Commitments, the Revolving Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount
of the Revolving Credit Facility, such sublimit shall be automatically reduced by the amount of
such excess. Notwithstanding the foregoing, the Borrower may rescind or postpone any notice of
termination of the Commitments if such termination would have resulted from a refinancing of all of
the Facilities and such refinancing is not consummated or is delayed.

          (b) Mandatory. The Initial Term Commitment of each Term Lender shall be automatically and
permanently reduced to $0 upon the making of such Term Lender’s Initial Term Loans pursuant to
Section 2.01(a)(i). The Delayed Draw Term Commitments shall terminate on the Delayed Draw Term
Commitment Expiration Date. The Revolving Credit

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Commitments and the Synthetic L/C Commitments shall terminate on the applicable Maturity Date
for each such Facility.

          (c) Application of Commitment Reductions; Payment of Fees. The Administrative Agent will
promptly notify the Lenders of any termination or reduction of unused portions of the Revolving
Letter of Credit Sublimit or the Swing Line Sublimit or the unused Commitments of any Class under
this Section 2.06. Upon any reduction of unused Commitments of any Class, the Commitment of each
Lender of such Class shall be reduced by such Lender’s Pro Rata Share of the amount by which such
Commitments are reduced (other than the termination of the Commitment of any Lender as provided in
Section 3.07) and, in the case of a termination or reduction of the Unused Synthetic L/C
Commitments, the Administrative Agent shall return to the Synthetic L/C Lenders, from the
Credit-Linked Deposit Account in accordance with their respective Synthetic L/C Pro Rata Shares, an
amount equal to the amount by which the Credit-Linked Deposits exceed at such time (i) the
aggregate amount of Synthetic L/C Commitments remaining (after giving effect to such reduction)
minus (ii) the aggregate amount of Synthetic L/C Loans outstanding at such time. All commitment
fees accrued until the effective date of any termination of the Revolving Credit Commitments or the
Delayed Draw Term Commitments shall be paid on the effective date of such termination.

          SECTION 2.07. Repayment of Loans.

          (a) Term Loans.

          (i) The Borrower shall repay to the Administrative Agent for the ratable account of the
Initial Term Lenders (i) on the last Business Day of each March, June, September and December,
commencing with the last Business Day of June, 2007, an aggregate principal amount equal to 0.25%
of the aggregate principal amount of all Initial Term Loans outstanding on the Closing Date (which
payments shall be reduced as a result of the application of prepayments as directed by the Borrower
pursuant to Section 2.05) and (ii) on the Maturity Date for the Term Loans, the aggregate principal
amount of all Initial Term Loans outstanding on such date.

          (ii) The Borrower shall repay to the Administrative Agent for the ratable account of the
Delayed Draw Term Lenders (i) on the last Business Day of each March, June, September and December,
commencing with the last Business Day of September, 2008, an aggregate principal amount equal to
0.25% of the aggregate principal amount of all Delayed Draw Term Loans outstanding on the Delayed
Draw Term Commitment Expiration Date (which payments shall be reduced as a result of the
application of prepayments as directed by the Borrower pursuant to Section 2.05) and (ii) on the
Maturity Date for the Term Loans, the aggregate principal amount of all Delayed Draw Term Loans
outstanding on such date.

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

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

          (d) Synthetic L/C Loans. The Borrower shall repay to the Administrative Agent for the ratable
account of the Synthetic L/C Lenders on the Maturity Date for the Synthetic L/C Loans, the
aggregate principal amount of all Synthetic L/C Loans outstanding on such date.

          SECTION 2.08. Interest.

          (a) Subject to the provisions of Section 2.08(b), (i) each LIBOR Loan (other than a Synthetic
L/C Loan) shall bear interest on the outstanding principal amount thereof for each Interest Period
at a rate per annum equal to LIBOR for such Interest Period plus the Applicable Rate; (ii) each
Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate, (iii) each
Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for Revolving
Credit Loans and (iv) each Synthetic L/C Loan shall bear interest on the outstanding principal
amount thereof for each Interest Period (or portion thereof) at a rate per annum equal to LIBOR for
such Interest Period plus the Applicable Rate for LIBOR Term Loans.

          (b) The Borrower shall pay interest on past due amounts hereunder at a fluctuating interest
rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable
Laws. Accrued and unpaid interest on past due amounts (including interest on past due interest)
shall be due and payable upon demand.

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

          SECTION 2.09. Fees. In addition to certain fees described in Sections 2.03(g) and
(h):

     (a) Revolving Facility Commitment Fee. With respect to the Revolving Credit Facility,
the Borrower shall pay to the Administrative Agent for the account of each Revolving Credit
Lender in accordance with its Pro Rata Share, a commitment fee equal to the Applicable Rate
with respect to commitment fees times the actual daily amount by which the aggregate
Revolving Credit Commitment exceeds the sum of (A) the Outstanding Amount of Revolving
Credit Loans and (B) the Outstanding Amount of Revolving L/C Obligations; provided that any
commitment fee accrued with respect to any of the Revolving Credit Commitments of a
Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender
and unpaid at such time shall not be

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payable by the Borrower so long as such Lender shall be a Defaulting Lender except to
the extent that such commitment fee shall otherwise have been due and payable by the
Borrower prior to such time; and provided further that no commitment fee shall accrue on any
of the Revolving Credit Commitments of a Defaulting Lender so long as such Lender shall be a
Defaulting Lender. The commitment fees for the Revolving Credit Facility shall accrue at
all times from the Closing Date until the Maturity Date for the Revolving Credit Facility,
including at any time during which one or more of the conditions in Article IV is not met,
and shall be due and payable quarterly in arrears on the last Business Day of each March,
June, September and December, commencing with the first such date to occur after the Closing
Date, and on the Maturity Date for the Revolving Credit Facility. The commitment fee shall
be calculated quarterly in arrears, and if there is any change in the Applicable Rate during
any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate
separately for each period during such quarter that such Applicable Rate was in effect.

     (b) Delayed Draw Term Loan Commitment Fee. With respect to the Delayed Draw Term
Commitments, the Borrower shall pay to the Administrative Agent for the account of each
Delayed Draw Term Lender in accordance with its Pro Rata Share, a commitment fee equal to
1.00% per annum times the actual daily amount by which the aggregate Delayed Draw Term
Commitments exceeds the Outstanding Amount of Delayed Draw Term Loans; provided that any
commitment fee accrued with respect to the Delayed Draw Term Commitment of a Defaulting
Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid
at such time shall not be payable by the Borrower so long as such Lender shall be a
Defaulting Lender except to the extent that such commitment fee shall otherwise have been
due and payable by the Borrower prior to such time; and provided further that no commitment
fee shall accrue on the Delayed Draw Term Commitment of a Defaulting Lender so long as such
Lender shall be a Defaulting Lender. The commitment fees for the Delayed Draw Term
Commitments shall accrue at all times from the Closing Date until the Delayed Draw Term
Commitment Expiration Date, including at any time during which one or more of the conditions
in Article IV is not met, and shall be due and payable quarterly in arrears on the last
Business Day of each March, June, September and December, commencing with the first such
date to occur after the Closing Date, and on the Delayed Draw Term Commitment Expiration
Date. The commitment fee shall be calculated quarterly in arrears.

     (c) Synthetic L/C Facility Fee. The Borrower shall pay to the Administrative Agent for
the account of each Synthetic L/C Lender in accordance with its Pro Rata Share of the
amounts on deposit in the Credit-Linked Deposit Account, a facility fee equal to the sum of
(A) the Applicable Rate with respect to LIBOR Term Loans and (B) the Credit-Linked Deposit
Cost Amount for such period. The facility fee shall accrue at all times from the date
hereof until the Maturity Date for the Synthetic L/C Facility, including at any time during
which one or more of the conditions in Article IV is not met. Each Synthetic L/C Lender’s
Pro Rata Share of such facility fee accrued through and

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including the last day of March, June, September and December of each year shall be due
and payable on the first Business Day following such last day, and on any date on which any
Credit-Linked Deposit is terminated and the funds therein returned to such Lenders.

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

          SECTION 2.10. Computation of Interest and Fees. All computations of interest for Base
Rate Loans when the Base Rate is determined by the Administrative Agent’s “prime rate” shall be
made on the basis of a year of three hundred and sixty-five (365) days or three hundred and
sixty-six (366) days, as applicable, and actual days elapsed. All other computations of fees and
interest shall be made on the basis of a three hundred and sixty (360) day year and actual days
elapsed. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not
accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid;
provided that any Loan that is repaid on the same day on which it is made shall, subject to Section
2.12(a), bear interest for one (1) day. Each determination by the Administrative Agent of an
interest rate or fee hereunder shall be presumed correct for all purposes, absent manifest error.

          SECTION 2.11. Evidence of Indebtedness.

          (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or
records maintained by such Lender and evidenced by one or more entries in the Register maintained
by the Administrative Agent, acting solely for purposes of Treasury Regulation Section 5f.103-1(c),
as agent for the Borrower, in each case in the ordinary course of business. The accounts or
records maintained by the Administrative Agent and each Lender shall be prima facie evidence absent
manifest error of the amount of the Credit Extensions made by the Lenders to the Borrower and the
interest and payments thereon. Any failure to so record or any error in doing so shall not,
however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing
with respect to the Obligations. In the event of any conflict between the accounts and records
maintained by any Lender and the accounts and records of the Administrative Agent in respect of
such matters, the accounts and records of the Administrative Agent shall control in the absence of
manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower
shall execute and deliver to such Lender (through the Administrative Agent) a Note payable to such
Lender, which shall evidence such Lender’s Loans in addition to such accounts or records. Each
Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount
and maturity of its Loans and payments with respect thereto.

          (b) In addition to the accounts and records referred to in Section 2.11(a), each Lender and
the Administrative Agent shall maintain in accordance with its usual practice accounts or records
and, in the case of the Administrative Agent, entries in the Register, evidencing the purchases and
sales by such Lender of participations in Letters of Credit and

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Swing Line Loans. In the event of any conflict between the accounts and records maintained by
the Administrative Agent and the accounts and records of any Lender in respect of such matters, the
accounts and records of the Administrative Agent shall control in the absence of manifest error.

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

          SECTION 2.12. Payments Generally.

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

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

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

     (i) if the Borrower failed to make such payment, each Lender shall forthwith on demand
repay to the Administrative Agent the portion of such assumed payment that

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was made available to such Lender in immediately available funds, together with
interest thereon in respect of each day from and including the date such amount was made
available by the Administrative Agent to such Lender to the date such amount is repaid to
the Administrative Agent in immediately available funds at the Federal Funds Rate from time
to time in effect; and

     (ii) if any Lender failed to make such payment, such Lender shall forthwith on demand
pay to the Administrative Agent the amount thereof in immediately available funds, together
with interest thereon for the period from the date such amount was made available by the
Administrative Agent to the Borrower to the date such amount is recovered by the
Administrative Agent (the “Compensation Period”) at a rate per annum equal to the Federal
Funds Rate from time to time in effect. When such Lender makes payment to the
Administrative Agent (together with all accrued interest thereon), then such payment amount
(excluding the amount of any interest which may have accrued and been paid in respect of
such late payment) shall constitute such Lender’s Loan included in the applicable Borrowing.
If such Lender does not pay such amount forthwith upon the Administrative Agent’s demand
therefor, the Administrative Agent may make a demand therefor upon the Borrower, and the
Borrower shall pay such amount to the Administrative Agent, together with interest thereon
for the Compensation Period at a rate per annum equal to the rate of interest applicable to
the applicable Borrowing. Nothing herein shall be deemed to relieve any Lender from its
obligation to fulfill its Commitment or to prejudice any rights that the Administrative
Agent or the Borrower may have against any Lender as a result of any default by such Lender
hereunder.

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

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

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

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

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          (g) Whenever any payment received by the Administrative Agent under this Agreement or any of
the other Loan Documents is insufficient to pay in full all amounts due and payable to the
Administrative Agent and the Lenders under or in respect of this Agreement and the other Loan
Documents on any date, such payment shall be distributed by the Administrative Agent and applied by
the Administrative Agent and the Lenders in the order of priority set forth in Section 8.03. If
the Administrative Agent receives funds for application to the Obligations of the Loan Parties
under or in respect of the Loan Documents under circumstances for which the Loan Documents do not
specify the manner in which such funds are to be applied, the Administrative Agent may, but shall
not be obligated to, elect to distribute such funds to each of the Lenders in accordance with such
Lender’s Pro Rata Share of the sum of (a) the Outstanding Amount of all Loans outstanding at such
time and (b) the Outstanding Amount of all L/C Obligations outstanding at such time, in repayment
or prepayment of such of the outstanding Loans or other Obligations then owing to such Lender.

          SECTION 2.13. Sharing of Payments. If, other than as expressly provided elsewhere
herein, any Lender shall obtain on account of the Loans made by it, or the participations in L/C
Obligations and Swing Line Loans held by it, any payment (whether voluntary, involuntary, through
the exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share
contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent
of such fact, and (b) purchase from the other Lenders such participations in the Loans made by them
and/or such subparticipations in the participations in L/C Obligations or Swing Line Loans held by
them, as the case may be, as shall be necessary to cause such purchasing Lender to share the excess
payment in respect of such Loans or such participations, as the case may be, pro rata with each of
them; provided that if all or any portion of such excess payment is thereafter recovered from the
purchasing Lender under any of the circumstances described in Section 10.06 (including pursuant to
any settlement entered into by the purchasing Lender in its discretion), such purchase shall to
that extent be rescinded and each other Lender shall repay to the purchasing Lender the purchase
price paid therefor, together with an amount equal to such paying Lender’s ratable share (according
to the proportion of (i) the amount of such paying Lender’s required repayment to (ii) the total
amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by
the purchasing Lender in respect of the total amount so recovered, without further interest
thereon. The Borrower agrees that any Lender so purchasing a participation from another Lender
may, to the fullest extent permitted by applicable Law, exercise all its rights of payment
(including the right of setoff, but subject to Section 10.09) with respect to such participation as
fully as if such Lender were the direct creditor of the Borrower in the amount of such
participation. The Administrative Agent will keep records (which shall be conclusive and binding
in the absence of manifest error) of participations purchased under this Section 2.13 and will in
each case notify the Lenders following any such purchases or repayments. Each Lender that
purchases a participation pursuant to this Section 2.13 shall from and after such purchase have the
right to give all notices, requests, demands, directions and other communications under this
Agreement with respect to the portion of the Obligations purchased to the same extent as though the
purchasing Lender were the original owner of the Obligations purchased.

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          SECTION 2.14. Incremental Credit Extensions.

          (a) The Borrower may at any time or from time to time after the Closing Date, by notice to the
Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of
the Lenders), request (a) one or more additional tranches of term loans (the “Incremental Term
Loans”), (b) one or more increases in the amount of the Revolving Credit Commitments (each such
increase, a “Revolving Commitment Increase”) or (c) one or more increases in the amount of the
Synthetic L/C Commitments (each such increase, a “Synthetic L/C Commitment Increase”), provided
that both at the time of any such request and upon the effectiveness of any Incremental Amendment
referred to below, no Default or Event of Default shall exist and at the time that any such
Incremental Term Loan is made (and after giving effect thereto) no Default or Event of Default
shall exist. Each tranche of Incremental Term Loans shall be in an aggregate principal amount that
is not less than $50,000,000 (provided that such amount may be less than $50,000,000 if such amount
represents all remaining availability under the limit set forth in the next sentence), each
Revolving Commitment Increase shall be in an aggregate principal amount that is not less than
$25,000,000 (provided that such amount may be less than $25,000,000 if such amount represents all
remaining availability under the limit set forth in the next sentence), and each Synthetic L/C
Commitment Increase shall be in an aggregate principal amount that is not less than $10,000,000
(provided that such amount may be less than $10,000,000 if such amount represents all remaining
availability under the limit set forth in the next sentence). Notwithstanding anything to the
contrary herein, (x) the aggregate amount of all Incremental Term Loans, all Revolving Commitment
Increases and all Synthetic L/C Commitment Increases subsequent to the Closing Date shall not
exceed $375,000,000 and (y) the aggregate amount of all Revolving Commitment Increases subsequent
to the Closing Date shall not exceed $75,000,000. The Incremental Term Loans (a) shall rank pari
passu in right of payment and of security with the Revolving Credit Loans, the Synthetic L/C Loans
and the Term Loans, (b) shall not mature earlier than the Maturity Date with respect to the Term
Loans, (c) shall not have a Weighted Average Life to Maturity that is less than the remaining
Weighted Average Life to Maturity of the Term Loans and (d) shall be treated substantially the same
as the Term Loans (in each case, including with respect to mandatory and voluntary prepayments),
provided that (i) the terms and conditions applicable to Incremental Term Loans may be materially
different from those of the Term Loans to the extent such differences are reasonably acceptable to
the Administrative Agent and (ii) the interest rates and amortization schedule applicable to the
Incremental Term Loans shall be determined by the Borrower and the lenders thereof, subject to the
limitation set forth in clause (c) above. Each notice from the Borrower pursuant to this Section
shall set forth the requested amount and proposed terms of the relevant Incremental Term Loans,
Synthetic L/C Commitment Increases or Revolving Commitment Increases. Incremental Term Loans may
be made, and Revolving Commitment Increases and Synthetic L/C Commitment Increases may be provided,
by any existing Lender (and each existing Term Lender will have the right, but not an obligation,
to make a portion of any Incremental Term Loan, each existing Revolving Credit Lender will have the
right, but not an obligation, to provide a portion of any Revolving Commitment Increase and each
existing Synthetic L/C Lender will have the right, but not an obligation, to provide a portion of
any
 Synthetic L/C Commitment Increase, in each case on terms permitted in this Section 2.14 and

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otherwise on terms reasonably acceptable to the Administrative Agent) or by any other bank or
other financial institution approved by the Borrower (any such other bank or other financial
institution being called an “Additional Lender”), provided that each L/C Issuer (in the case of a
Revolving Commitment Increase) and the Administrative Agent shall have consented (such consent not
to be unreasonably withheld) to such Lender’s or Additional Lender’s making such Incremental Term
Loans or providing such Revolving Commitment Increases or Synthetic L/C Commitment Increases if
such consent would be required under Section 10.07(b) for an assignment of Loans or Revolving
Credit Commitments or Synthetic L/C Commitments, as applicable, to such Lender or Additional
Lender. Commitments in respect of Incremental Term Loans, Synthetic L/C Commitment Increases and
Revolving Commitment Increases shall become Commitments (or in the case of (x) a Revolving
Commitment Increase to be provided by an existing Revolving Credit Lender, an increase in such
Lender’s applicable Revolving Credit Commitment or (y) a Synthetic L/C Commitment Increase to be
provided by an existing Synthetic L/C Lender, an increase in such Lender’s applicable Synthetic L/C
Commitment) under this Agreement pursuant to an amendment (an “Incremental Amendment”) to this
Agreement and, as appropriate, the other Loan Documents, executed by Holdings, the Borrower, each
Lender agreeing to provide such Commitment, if any, each Additional Lender, if any, the applicable
L/C Issuer (in the case of an increase of a Revolving Commitment Increase or a Synthetic L/C
Commitment Increase) and the Administrative Agent. The Incremental Amendment may, without the
consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents
as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the
Borrower, to effect the provisions of this Section. The effectiveness of (and, in the case of any
Incremental Amendment for an Incremental Term Loan, the borrowing under) any Incremental Amendment
shall be subject to the satisfaction on the date thereof (each, an “Incremental Facility Closing
Date”) of each of the conditions set forth in Section 4.02 (it being understood that all references
to “the date of such Credit Extension” or similar language in such Section 4.02 shall be deemed to
refer to the effective date of such Incremental Amendment and borrowing of the applicable
Incremental Term Loan) and such other conditions as the parties thereto shall agree. The Borrower
will use the proceeds of the Incremental Term Loans and Revolving Commitment Increases and Letters
of Credit issued pursuant to the Revolving Commitment Increases and Synthetic L/C Commitment
Increases for any purpose not prohibited by this Agreement. No Lender shall be obligated to
provide any Incremental Term Loans or Revolving Commitment Increases or Synthetic L/C Commitment
Increases, unless it so agrees. Upon each increase in the Revolving Credit Commitments pursuant to
this Section, (a) each Revolving Credit Lender immediately prior to such increase will
automatically and without further act be deemed to have assigned to each Lender providing a portion
of the Revolving Commitment Increase (each a “Revolving Commitment Increase Lender”) in respect of
such increase, and each such Revolving Commitment Increase Lender will automatically and without
further act be deemed to have assumed, a portion of such Revolving Credit Lender’s participations
hereunder in outstanding Revolving Letters of Credit and Swing Line Loans such that, after giving
effect to each such deemed assignment and assumption of participations, the percentage of the
aggregate outstanding (i) participations hereunder in Revolving Letters of Credit and (ii)
participations he
reunder in Swing Line Loans held by each Revolving Credit Lender (including each
such Revolving Commitment Increase

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Lender) will equal the percentage of the aggregate Revolving Credit Commitments of all
Revolving Credit Lenders represented by such Revolving Credit Lender’s Revolving Credit Commitment
and (b) if, on the date of such increase, there are any Revolving Credit Loans outstanding, such
Revolving Credit Loans shall on or prior to the effectiveness of such Revolving Commitment Increase
be prepaid from the proceeds of additional Revolving Credit Loans made hereunder (reflecting such
increase in Revolving Credit Commitments), which prepayment shall be accompanied by accrued
interest on the Revolving Credit Loans being prepaid and any costs incurred by any Lender in
accordance with Section 3.05. Each of the parties hereto hereby agrees that the Administrative
Agent may take any and all actions as may be reasonably necessary to ensure that, after giving
effect to any Synthetic L/C Commitment Increase pursuant to this Section 2.14, the outstanding
Synthetic L/C Loans, if any, are held by the Synthetic L/C Lenders in accordance with their new Pro
Rata Shares. This may be accomplished at the discretion of the Administrative Agent by taking any
action comparable to the actions described in the second preceding sentence. The Administrative
Agent and the Lenders hereby agree that the minimum borrowing, pro rata borrowing and pro rata
payment requirements contained elsewhere in this Agreement shall not apply to the transactions
effected pursuant to the immediately preceding sentence.

          (b) This Section 2.14 shall supersede any provisions in Section 2.13 or 10.01 to the contrary.

ARTICLE III

Taxes, Increased Costs Protection and Illegality

          SECTION 3.01. Taxes.

          (a) Except as required by law, any and all payments by the Borrower (the term Borrower under
Article III being deemed to include any Subsidiary for whose account a Letter of Credit is issued)
or any Guarantor to or for the account of any Agent or any Lender under any Loan Document shall be
made free and clear of and without deduction for any and all present or future taxes, duties,
levies, imposts, deductions, assessments, fees, withholdings or similar charges, and all
liabilities (including additions to tax, penalties and interest) with respect thereto, excluding,
in the case of each Agent and each Lender, (i) taxes imposed on or measured by its net income
(including branch profits) and franchise and similar taxes imposed on it in lieu of net income
taxes (including Tennessee franchise tax based on assets and Tennessee excise tax based on income),
solely by reason of any connection between it and any jurisdiction other than by entering into any
Loan Document and receiving payments thereunder, (ii) any taxes imposed in respect of an Assignee
or other transferee pursuant to an assignment, participation or other transfer under Section 10.07
to the extent that such tax is in excess of the tax that would have been applicable and
indemnifiable by Borrower hereunder had such transferor not assigned its interest arising under any
Loan Document (unless such assignment, transfer or participation is at the express written request
of the Borrower), and (iii) any taxes imposed as a result of the failure of any Agent or Lender to
comply with either the provisions of Section 3.01(b) and (c) (in the

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case of any Foreign Lender, as defined below) or the provisions of Section 3.01(e) (in the
case of any U.S. Lender, as defined below) (subject to Section 3.01(f), all such non-excluded
taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges and
liabilities being hereinafter referred to as “Taxes”). If the Borrower is required by any Laws to
deduct any Taxes or Other Taxes (as defined below) from or in respect of any sum payable under any
Loan Document to any Agent or any Lender, (i) the sum payable shall be increased as necessary so
that after making all required deductions (including deductions applicable to additional sums
payable under this Section 3.01(a)), each of such Agent and such Lender receives an amount equal to
the sum it would have received had no such deductions been made, (ii) the Borrower shall make such
deductions, (iii) the Borrower shall pay the full amount deducted to the relevant taxing authority,
and (iv) within thirty (30) days after the date of such payment (or, if receipts or evidence are
not available within thirty (30) days, as soon as practicable thereafter), the Borrower shall
furnish to such Agent or Lender (as the case may be) the original or a facsimile copy of a receipt
evidencing payment thereof to the extent such a receipt has been made available to the Borrower, or
such other evidence of payment as is reasonably acceptable to such Agent or Lender. If the
Borrower fails to pay any Taxes or Other Taxes when due to the appropriate taxing authority or
fails to remit to any Agent or any Lender the required receipts or other required documentary
evidence, the Borrower shall indemnify such Agent and such Lender for any incremental taxes,
interest or penalties that may become payable by such Agent or such Lender arising out of such
failure (excluding, however, any such incremental taxes, interest or penalties incurred as a result
of the gross negligence or misconduct of the relevant Agent or Lender).

          (b) Each Agent or Lender (including an Assignee to which a Lender assigns its interest in
accordance with Section 10.07) that is not a “United States person” within the meaning of Section
7701(a)(30) of the Code (each a “Foreign Lender”) agrees to complete and deliver to the Borrower
and the Administrative Agent prior to the date on which the first payment is due to it hereunder,
unless it is unable to do so legally, an accurate, complete and original signed (i) Internal
Revenue Service Form W-8BEN or successor form certifying that it is entitled to benefits under an
income tax treaty to which the United States is a party that reduces the rate of withholding tax on
payments of interest to zero; (ii) Internal Revenue Service Form W-8ECI or successor form
certifying that the income receivable pursuant to any Loan Document is effectively connected with
the conduct of a trade or business in the United States; or (iii) if the Foreign Lender is not (A)
a bank described in Section 881(c)(3)(A) of the Code, (B) a 10-percent shareholder described in
Section 871(h)(3)(B) of the Code, or (C) a controlled foreign corporation related to the Borrower
within the meaning of Section 864(d) of the Code, an Internal Revenue Service Form W-8BEN or
successor form certifying that the Foreign Lender is not a United States person and a separate
certification in the form attached hereto as Exhibit J that interest received by the
Foreign Lender under any Loan Document qualifies as “portfolio interest” within the meaning of
Section 881(c)(2) of the Code.

          (c) Thereafter and from time to time, each such Foreign Lender shall, unless it is unable to
do so legally (i) promptly submit to the Borrower and the Administrative Agent such additional duly
completed and signed copies of one or more of such forms or certificates (or such

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successor forms or certificates as shall be adopted from time to time by the relevant
United States taxing authorities) as may then be available to secure an exemption from or reduction
in the rate of U.S. withholding tax (A) on or before the date that any such form, certificate or
other evidence expires or becomes obsolete, (B) after the occurrence of a change in the Foreign
Lender’s circumstances requiring a change in the most recent form, certificate or evidence
previously delivered by it to the Borrower and the Administrative Agent, and (C) from time to time
if reasonably requested by the Borrower or the Administrative Agent, and (ii) promptly notify the
Borrower and the Administrative Agent of any change in the Foreign Lender’s circumstances which
would modify or render invalid any claimed exemption or reduction.

          (d) Each Agent and Lender (including, for the avoidance of doubt, U.S. Lenders, as defined
below) agrees to all reasonable requests of the Borrower that each comply with any certification,
identification, information, documentation or other reporting requirement if such compliance is
required by Law, regulation, administrative practice or an applicable treaty as a precondition to
exemption from, or reduction in the rate of deduction or withholding of any Taxes or Other Taxes
for which a Lender or Agent receives indemnity payments or additional amounts pursuant to this
Section 3.01; provided, that no such Agent or Lender shall be required to comply unless (i) it is
not prohibited by any applicable Law from complying, (ii) such compliance will not result in any
prejudice to its interest (other than any de minimis prejudice), (iii) Borrower has provided the
required forms or documentation to such Agent or Lender reasonably in advance of the deadline for
the filing or submission of such forms or other documentation, with such forms duly completed by
the Borrower with such information available to Borrower, and (iv) Borrower shall be responsible
for all reasonable costs and expenses incurred by such Agent or Lender in connection with such
compliance.

          (e) Each Agent or Lender that is a “United States person” (within the meaning of Section
7701(a)(3) of the Code) (each a “U.S. Lender”) that is not a corporation agrees to complete and
deliver to the Borrower and the Administrative Agent an accurate, complete and original signed
Internal Revenue Service Form W-9 or successor form certifying that such Agent or Lender is not
subject to United States backup withholding tax (i) on or prior to the date on which the first
payment is due to it hereunder, (ii) on or before the date that such form expires or becomes
obsolete, (iii) after the occurrence of a change in the Agent’s or Lender’s circumstances requiring
a change in the most recent form previously delivered by it to the Borrower and the Administrative
Agent, and (iv) from time to time if reasonably requested by the Borrower or the Administrative
Agent.

          (f) Notwithstanding anything else herein to the contrary and for the avoidance of doubt, if an
original Lender or Agent is subject to any United States federal withholding tax at a rate in
excess of zero percent at the time such original Lender or Agent makes a Loan on the Closing Date,
such withholding tax (including additions to tax, penalties and interest imposed with respect to
such withholding tax) shall be considered excluded from Taxes with respect to such Lender or Agent.
Further, the Borrower shall not be required pursuant to this Section 3.01 to pay any additional
amount to, or to indemnify, any Lender or Agent, as the case may be, with respect to Taxes, to the
extent that such Lender or such Agent becomes subject to such Taxes

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subsequent to the Closing Date (or, if later, the date such Lender or Agent becomes a party to
this Agreement) as a result of a change in the place of organization or place of doing business of
such Lender or Agent or a change in the Lending Office of such Lender (other than at the written
request of the Borrower to change such Lending Office).

          (g) The Borrower agrees to pay any and all present or future stamp, court or documentary taxes
and any other excise, property, intangible or mortgage recording taxes or charges or similar levies
(excluding the Tennessee taxes referred to in Section 3.01(a) above) that arise from any payment
made under any Loan Document or from the execution, delivery, performance, enforcement or
registration of, or otherwise with respect to, any Loan Document excluding, in each case, such
amounts that result from an Assignment and Assumption, grant of a participation, transfer or
assignment to or designation of a new applicable Lending Office or other office for receiving
payments under any Loan Document, except to the extent that any such change is requested or
required in writing by the Borrower (all such non-excluded taxes described in this Section 3.01(g)
being hereinafter referred to as “Other Taxes”).

          (h) If any Taxes or Other Taxes are directly asserted against any Agent or Lender with respect
to any payment received by such Agent or Lender in respect of any Loan Document, such Agent or
Lender may pay such Taxes or Other Taxes and the Borrower will promptly pay such additional amounts
so that each of such Agent and such Lender receives an amount equal to the sum it would have
received had no such Taxes or Other Taxes been asserted. Payments under this Section 3.01(h) shall
be made within ten (10) Business Days after the date Borrower receives written demand for payment
from such Agent or Lender.

          (i) A Participant shall not be entitled to receive any greater payment under Section 3.01 than
the applicable Lender would have been entitled to receive with respect to the participation sold to
such Participant, unless the sale of the participation to such Participant is made with the
Borrower’s prior written consent.

          (j) If any Lender or Agent determines, in its sole good faith discretion, that it has received
or realized any refund, whether directly or through any reduction of or credit against its tax
liabilities due to such refund, which refund, reduction or credit is attributable to (in the good
faith judgment of such Lender or Agent) Taxes or Other Taxes as to which indemnification or
additional amounts have been paid to it pursuant to this Section 3.01, it shall promptly remit an
amount equal to such refund or reduction or credit (but only to the extent of indemnity payments
made, or additional amounts paid to the Lender or Agent under this Section 3.01 with respect to the
Taxes or Other Taxes giving rise to such refund, reduction or credit plus any interest included in
such amount by the relevant taxing authority attributable thereto) to the Borrower, net of all
reasonable out of pocket expenses of the Lender or Agent, as the case may be, and without interest
(other than any interest paid by the relevant taxing authority with respect to such amount);
provided that the Borrower, upon the request of the Lender or Agent, as the case may be, agrees
promptly to return such amount to such party in the event such party is required to repay such
amount to the relevant taxing authority. Such Lender or Agent, as the case may be, shall provide
the Borrower with a copy of any notice of assessment or other

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evidence of the requirement to repay such amount received from the relevant taxing authority
(provided that such Lender or Agent may delete any information therein that such Lender or Agent
deems confidential in its reasonable discretion). The parties hereto agree that any position taken
on the tax returns of the Lender and Agent shall be within their sole good faith discretion and
neither the Lender nor Agent shall be under any obligation to disclose any tax return or filing or
related document to anyone as a result of this Section 3.01(j).

          (k) Each Lender agrees that, upon the occurrence of any event giving rise to the operation of
Section 3.01(a) or (g) with respect to such Lender it will, if requested by the Borrower, use
commercially reasonable efforts (subject to legal and regulatory restrictions) to mitigate the
effect of any such event, including by designating another Lending Office for any Loan or Letter of
Credit affected by such event; provided that such efforts are made on terms that, in the sole good
faith judgment of such Lender, cause such Lender and its Lending Office(s) to suffer no economic,
commercial, reputational, legal or regulatory disadvantage unless such disadvantage is de minimis
and any cost incurred by the Lender is reimbursed by the Borrower, and provided further that
nothing in this Section 3.01(k) shall affect or postpone any of the Obligations of the Borrower or
the rights of such Lender pursuant to Section 3.01(a) or (g).

          (l) Any and all payments by or on account of any obligation of the Administrative Agent
pursuant to Section 2.03(k)(i) hereunder shall be made free and clear of and without deduction for
any Taxes or Other Taxes; provided that if the Administrative Agent shall be required to deduct any
Taxes or Other Taxes from such payments, then (i) the Administrative Agent shall so notify the
Borrower and advise it of the additional amount required to be paid so that the sum payable by the
Administrative Agent pursuant to Section 2.03(k)(i) after making all required deductions (including
deductions applicable to additional sums payable under this Section) to the Synthetic L/C Lenders
is an amount from the Administrative Agent equal to the sum they would have received from the
Administrative Agent had no deductions been made, (ii) the Borrower shall pay such additional
amount to the Administrative Agent, (iii) the Administrative Agent shall make all required
deductions, (iv) the Administrative Agent shall pay the full amount deducted to the relevant
Governmental Authority in accordance with applicable law and (v) the Borrower shall indemnify,
within ten (10) days after written demand therefor, the Administrative Agent for the full amount
of any deductions paid by the Administrative Agent with respect to any payments made on account of
any obligations of the Administrative Agent pursuant to Section 2.03(k)(i).

          (m) The Borrower and Administrative Agent may deduct and withhold any taxes required by any
Laws to be deducted and withheld from any payment under any of the Loan Documents.

          SECTION 3.02. Illegality. If any Lender reasonably determines that any Law has made
it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or
its applicable Lending Office to make, maintain or fund any LIBOR Loans, or to determine or charge
interest rates based upon the applicable LIBOR, then, on notice thereof by such Lender to the
Borrower through the Administrative Agent, any obligation of such Lender to

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make or continue any affected LIBOR Loans or to convert Base Rate Loans to such LIBOR Loans
shall be suspended until such Lender notifies the Administrative Agent and the Borrower that the
circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the
Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of LIBOR
Loans and shall upon demand from such Lender (with a copy to the Administrative Agent), prepay or,
if applicable, convert all then outstanding affected LIBOR Loans of such Lender to Base Rate Loans,
either on the last day of the Interest Period therefor, if such Lender may lawfully continue to
maintain such LIBOR Loans to such day, or promptly, if such Lender may not lawfully continue to
maintain such LIBOR Loans. Upon any such prepayment or conversion, the Borrower shall also pay
accrued interest on the amount so prepaid or converted and all amounts due, if any, in connection
with such prepayment or conversion under Section 3.05. Each Lender agrees to designate a different
Lending Office if such designation will avoid the need for such notice and will not, in the good
faith judgment of such Lender, otherwise be materially disadvantageous to such Lender.

          SECTION 3.03. Inability to Determine Rates. If the Required Lenders determine that
by reason of any changes affecting the London interbank eurodollar market adequate and reasonable
means do not exist for determining LIBOR for any requested Interest Period with respect to a
proposed LIBOR Loan, or that LIBOR for any requested Interest Period with respect to a proposed
LIBOR Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, or
that deposits are not being offered to banks in the London interbank eurodollar market for the
applicable amount and the Interest Period of such LIBOR Loan, in each case due to circumstances
arising on or after the date hereof, the Administrative Agent will promptly so notify the Borrower
and each Lender. Thereafter, the obligation of the Lenders to make or maintain any affected LIBOR
Loans shall be suspended until the Administrative Agent (upon the instruction of the Required
Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending
request for a Borrowing of, conversion to or continuation of LIBOR Loans or, failing that, will be
deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the
amount specified therein.

          SECTION 3.04. Increased Cost and Reduced Return; Capital Adequacy; Reserves on LIBOR
Loans.

          (a) If any Lender reasonably determines that as a result of the introduction of or any change
in or in the interpretation of any Law, in each case after the date hereof, there shall be any
increase in the cost to such Lender of agreeing to make or making, funding or maintaining LIBOR
Loans or issuing or participating in Letters of Credit, or a reduction in the amount received or
receivable by such Lender in connection with any of the foregoing (excluding for purposes of this
Section 3.04(a) any such increased costs or reduction in amount resulting from (i) Taxes or Other
Taxes covered by Section 3.01, or which would have been so covered but for an exclusion included
therein, (ii) the imposition of, or any change in the rate of, any taxes payable by such Lender and
(iii) reserve requirements contemplated by Section 3.04(c)) does not represent the cost to such
Lender of complying with the requirements Applicable Law in relation to its making, funding or
maintaining of LIBOR Loans, then from time to time within fifteen

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(15) days after demand by such Lender setting forth in reasonable detail such increased costs
(with a copy of such demand to the Administrative Agent given in accordance with Section 3.06), the
Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such
increased cost or reduction. At any time that any LIBOR Loan is affected by the circumstances
described in this Section 3.04(a), the Borrower may either (i) if the affected LIBOR Loan is then
being made pursuant to a Borrowing, cancel such Borrowing by giving the Administrative Agent
telephonic notice (confirmed promptly in writing) thereof on the same date that the Borrower
receives any such demand from such Lender or (ii) if the affected LIBOR Loan is then outstanding,
upon at least three Business Days’ notice to the Administrative Agent, require the affected Lender
to convert such LIBOR Loan into a Base Rate Loan, if applicable.

          (b) If any Lender determines that the introduction of any Law regarding capital adequacy or
any change therein or in the interpretation thereof, in each case after the date hereof, or
compliance by such Lender (or its Lending Office) therewith, has the effect of reducing the rate of
return on the capital of such Lender or any corporation controlling such Lender as a consequence of
such Lender’s obligations hereunder (taking into consideration its policies with respect to capital
adequacy), then from time to time upon demand of such Lender setting forth in reasonable detail the
charge and the calculation of such reduced rate of return (with a copy of such demand to the
Administrative Agent given in accordance with Section 3.06), the Borrower shall promptly pay to
such Lender such additional amounts as will compensate such Lender for such reduction after receipt
of such demand.

          (c) If any Lender requests compensation under this Section 3.04, then such Lender will, if
requested by the Borrower, use commercially reasonable efforts to designate another Lending Office
for any Loan or Letter of Credit affected by such event; provided that such efforts are made on
terms that, in the reasonable judgment of such Lender, cause such Lender and its Lending Office(s)
to suffer no material economic, legal or regulatory disadvantage, and provided further that nothing
in this Section 3.04(e) shall affect or postpone any of the Obligations of the Borrower or the
rights of such Lender pursuant to Section 3.04(a), (b) or (c).

          SECTION 3.05. Funding Losses. Upon written demand of any Lender (with a copy to the
Administrative Agent) from time to time, which demand shall set forth in reasonable detail the
basis for requesting such amount, the Borrower shall promptly compensate such Lender for and hold
such Lender harmless from any loss, cost or expense reasonably incurred by it as a result of:

          (a) (i) any continuation, conversion, payment or prepayment of any LIBOR Loan on a day
other than the last day of the Interest Period for such Loan; or

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

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including any loss or expense (excluding loss of anticipated profits) actually incurred by reason
of the liquidation or reemployment of funds obtained by it to maintain such LIBOR Loan or from fees
payable to terminate the deposits from which such funds were obtained.

          SECTION 3.06. Matters Applicable to All Requests for Compensation.

          (a) Any Agent or Lender claiming compensation under this Article III shall deliver a
certificate to the Borrower setting forth the additional amount or amounts to be paid to it
hereunder which shall be presumed correct in the absence of manifest error. In determining such
amount, such Agent or Lender may use any reasonable averaging and attribution methods.

          (b) With respect to any Lender’s claim for compensation under Sections 3.01, 3.02, 3.03 or
3.04, the Borrower shall not be required to compensate such Lender for any amount incurred more
than one hundred and eighty (180) days prior to the date that such Lender notifies the Borrower of
the event that gives rise to such claim; provided that, if the circumstance giving rise to such
claim is retroactive, then such 180-day period referred to above shall be extended to include the
period of retroactive effect thereof. If any Lender requests compensation by the Borrower under
Section 3.04, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent),
suspend the obligation of such Lender to make or continue from one Interest Period to another LIBOR
Loans, or to convert Base Rate Loans into LIBOR Loans, until the event or condition giving rise to
such request ceases to be in effect (in which case the provisions of Section 3.06(c) shall be
applicable); provided that such suspension shall not affect the right of such Lender to receive the
compensation so requested.

          (c) If the obligation of any Lender to make or continue from one Interest Period to another
any LIBOR Loan, or to convert Base Rate Loans into LIBOR Loans shall be suspended pursuant to
Section 3.06(b) hereof, such Lender’s LIBOR Loans shall be automatically converted into Base Rate
Loans on the last day(s) of the then current Interest Period(s) for such LIBOR Loans (or, in the
case of an immediate conversion required by Section 3.02, on such earlier date as required by Law)
and, unless and until such Lender gives notice as provided below that the circumstances specified
in Section 3.01, 3.02, 3.03 or 3.04 hereof that gave rise to such conversion no longer exist:

          (i) to the extent that such Lender’s LIBOR Loans have been so converted, all payments
and prepayments of principal that would otherwise be applied to such Lender’s LIBOR Loans
shall be applied instead to its Base Rate Loans; and

          (ii) all Loans that would otherwise be made or continued from one Interest Period to
another by such Lender as LIBOR Loans shall be made or continued instead as Base Rate Loans,
and all Base Rate Loans of such Lender that would otherwise be converted into LIBOR Loans
shall remain as Base Rate Loans.

          (d) If any Lender gives notice to the Borrower (with a copy to the Administrative Agent) that
the circumstances specified in Section 3.01, 3.02, 3.03 or 3.04 hereof that gave rise to the
conversion of such Lender’s LIBOR Loans pursuant to this Section 3.06 no

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longer exist (which such Lender agrees to do promptly upon such circumstances ceasing to
exist) at a time when LIBOR Loans made by other Lenders are outstanding, such Lender’s Base Rate
Loans shall be automatically converted, on the first day(s) of the next succeeding Interest
Period(s) for such outstanding LIBOR Loans, to the extent necessary so that, after giving effect
thereto, all Loans held by the Lenders holding LIBOR Loans and by such Lender are held pro rata (as
to principal amounts, interest rate basis, and Interest Periods) in accordance with their
respective Commitments.

          SECTION 3.07. Replacement of Lenders under Certain Circumstances.

          (a) If at any time (i) any Lender requests reimbursement for amounts owing pursuant to Section
3.01 or 3.04 as a result of any condition described in such Sections or any Lender ceases to make
LIBOR Loans as a result of any condition described in Section 3.02 or Section 3.04, (ii) any Lender
becomes a Defaulting Lender or (iii) any Lender becomes a Non-Consenting Lender, then the Borrower
may, on ten (10) Business Days’ prior written notice to the Administrative Agent and such Lender,
replace such Lender by causing such Lender to (and such Lender shall be obligated to) assign
pursuant to Section 10.07(b) (with the assignment fee to be paid, in the case of clauses (i) and
(iii) only, by the Borrower) all of its rights and obligations under this Agreement (or, with
respect to clause (iii) above, all of its rights and obligations with respect to the Class of Loans
or Commitments that is the subject of the related consent, waiver or amendment) to one or more
Eligible Assignees; provided that neither the Administrative Agent nor any Lender shall have any
obligation to the Borrower to find a replacement Lender or other such Person; and provided further
that in the case of any such assignment resulting from a Lender becoming a Non-Consenting Lender,
the applicable Eligible Assignees shall have agreed to the applicable departure, waiver or
amendment of the Loan Documents. No such replacement shall be deemed to be a waiver of any rights
that the Borrower, the Administrative Agent or any other Lender shall have against the replaced
Lender.

          (b) Any Lender being replaced pursuant to Section 3.07(a) above shall (i) execute and deliver
an Assignment and Assumption with respect to such Lender’s Commitment and outstanding Loans and
participations in L/C Obligations and Swing Line Loans, and (ii) deliver any Notes evidencing such
Loans to the Borrower or Administrative Agent. Pursuant to such Assignment and Assumption, (A) the
assignee Lender shall acquire all or a portion, as the case may be, of the assigning Lender’s
Commitment and outstanding Loans and participations in L/C Obligations and Swing Line Loans, (B)
all obligations of the Borrower owing to the assigning Lender relating to the Loans and
participations so assigned shall be paid in full by the assignee Lender to such assigning Lender
concurrently with such assignment and assumption and (C) upon such payment and, if so requested by
the assignee Lender, delivery to the assignee Lender of the appropriate Note or Notes executed by
the Borrower, the assignee Lender shall become a Lender hereunder and the assigning Lender shall
cease to constitute a Lender hereunder with respect to such assigned Loans, Commitments and
participations, except with respect to indemnification provisions under this Agreement, which shall
survive as to such assigning Lender.

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          (c) Notwithstanding anything to the contrary contained above, any Lender that acts as an L/C
Issuer may not be replaced hereunder at any time that it has any Letter of Credit outstanding
hereunder unless arrangements reasonably satisfactory to such L/C Issuer (including the furnishing
of a back-up standby letter of credit in form and substance, and issued by an issuer reasonably
satisfactory to such L/C Issuer or the depositing of cash collateral into a cash collateral account
in amounts and pursuant to arrangements reasonably satisfactory to such L/C Issuer) have been made
with respect to each such outstanding Letter of Credit and the Lender that acts as the
Administrative Agent may not be replaced hereunder except in accordance with the terms of Section
9.09.

          (d) In the event that (i) the Borrower or the Administrative Agent has requested that the
Lenders consent to a departure or waiver of any provisions of the Loan Documents or agree to any
amendment thereto, (ii) the consent, waiver or amendment in question requires the agreement of all
affected Lenders in accordance with the terms of Section 10.01 or all the Lenders with respect to a
certain Class of the Loans and (iii) the Required Lenders have agreed to such consent, waiver or
amendment, then any Lender who does not agree to such consent, waiver or amendment shall be deemed
a “Non-Consenting Lender.”

          SECTION 3.08. Survival. All of the Borrower’s obligations under this Article III
shall survive termination of the Aggregate Commitments and repayment of all other Obligations
hereunder.

ARTICLE IV

Conditions Precedent to Credit Extensions

          SECTION 4.01. Conditions to Initial Credit Extension. The obligation of each Lender
to make its initial Credit Extension hereunder is subject to satisfaction of the following
conditions precedent, except as otherwise agreed between the Borrower and the Administrative Agent:

          (a) The Administrative Agent’s receipt of the following, each of which shall be
originals or facsimiles (followed promptly by originals) unless otherwise specified, each
properly executed by a Responsible Officer of the signing Loan Party each in form and
substance reasonably satisfactory to the Administrative Agent and its legal counsel:

          (i) executed counterparts of this Agreement and each Guaranty;

          (ii) a Note executed by the Borrower in favor of each Lender that has requested
a Note at least two Business Days in advance of the Closing Date;

          (iii) executed counterparts of the Security Agreement together with:

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          (A) certificates, if any, representing the Subsidiary Equity pledged
thereunder accompanied by undated stock powers executed in blank and
instruments evidencing the Pledged Debt indorsed in blank; and

          (B) evidence that all other actions, recordings and filings that the
Administrative Agent may deem reasonably necessary to satisfy the Collateral
and Guarantee Requirement shall have been taken, completed or otherwise
provided for in a manner reasonably satisfactory to the Administrative
Agent;

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

          (v) an opinion from Cleary Gottlieb Steen & Hamilton LLP, New York counsel to
the Loan Parties, substantially in the form of Exhibit H-1, an opinion from
Bass Berry & Sims PLC, special counsel to the Loan Parties, substantially in the
form of Exhibit H-2, and an opinion from Richards, Layton & Finger LLP,
Delaware UCC counsel to the Loan Parties substantially in the form of Exhibit
H-3;

          (vi) a certificate attesting to the Solvency of the Borrower and its
Subsidiaries (taken as a whole) on the Closing Date after giving effect to the
Transaction, from the Chief Financial Officer of the Borrower;

          (vii) evidence that all insurance (including title insurance) required to be
maintained pursuant to the Loan Documents has been obtained and is in effect and
that the Administrative Agent has been named as loss payee and/or additional
insured, as applicable, under each insurance policy with respect to such insurance
as to which the Administrative Agent shall have requested to be so named; and

          (viii) copies of a recent Lien and judgment search in each jurisdiction
reasonably requested by the Administrative Agent with respect to the Loan Parties.

          (b) All fees and expenses required to be paid hereunder and invoiced on or before the
Closing Date shall have been paid in full in cash.

          (c) Prior to or substantially simultaneously with the initial Credit Extensions,
Holdings shall have received at least $297,000,000 in gross cash proceeds from the issuance
of the Holdings Loans.

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          (d) Prior to or substantially simultaneously with the initial Credit Extensions, the
Borrower shall have taken all necessary actions such that, after giving effect to the
Transaction, (i) Holdings, the Borrower and the Restricted Subsidiaries shall have
outstanding no Indebtedness other than (A) the Loans and L/C Obligations, (B) the Holdings
Loans, (C) the Senior Subordinated Notes and (D) Indebtedness listed on Schedule
7.03(b) or permitted by Section 7.03(b).

          (e) The Arrangers shall have received (i) the Audited Financial Statements and the
audit report for such financial statements (which shall not be subject to any qualification)
and (ii) unaudited consolidated balance sheets and related statements of operations,
members’ equity and cash flows of the Borrower and its Subsidiaries for each subsequent
fiscal quarter ended after September 30, 2006 and at least forty-five (45) days before the
Closing Date (the “Unaudited Financial Statements”), which financial statements shall be
prepared in accordance with GAAP.

          (f) The Arrangers shall have received on or prior to the Closing Date all documentation
and other information reasonably requested in writing by them at least five Business Days
prior to the Closing Date in order to allow the Arrangers and the Lenders to comply with
applicable “know your customer” and anti-money laundering rules and regulations, including
the USA PATRIOT Act.

          SECTION 4.02. Conditions to All Credit Extensions. The obligation of each Lender to
honor any Request for Credit Extension (other than a Committed Loan Notice requesting only a
conversion of Loans to the other Type, or a continuation of LIBOR Loans) is subject to the
following conditions precedent:

          (a) The representations and warranties of the Borrower and each other Loan Party
contained in Article V or any other Loan Document shall be true and correct in all material
respects on and as of the date of such Credit Extension; provided that, to the extent that
such representations and warranties specifically refer to an earlier date, they shall be
true and correct in all material respects as of such earlier date; provided, further that,
any representation and warranty that is qualified as to “materiality,” “Material Adverse
Effect” or similar language shall be true and correct (after giving effect to any
qualification therein) in all respects on such respective dates.

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

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

          (d) To the extent the Senior Subordinated Notes Indenture is in effect at the time of
such Credit Extension, such Credit Extension shall be permitted by the terms of the Senior
Subordinated Notes Indenture.

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

ARTICLE V

Representations and Warranties

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

          SECTION 5.01. Existence, Qualification and Power; Compliance with Laws. Each Loan
Party and each of its Material Subsidiaries (a) is a Person duly organized or formed, validly
existing and in good standing under the Laws of the jurisdiction of its incorporation or
organization, (b) has all corporate or other organizational power and authority to (i) own its
assets and carry on its business and (ii) execute, deliver and perform its obligations under the
Loan Documents to which it is a party, (c) is duly qualified and in good standing (to the extent
such concept exists) under the Laws of each jurisdiction where its ownership, lease or operation of
properties or the conduct of its business requires such qualification, (d) is in compliance with
all applicable Laws, orders, writs, injunctions and orders and (e) has all requisite governmental
licenses, authorizations, consents and approvals to operate its business as currently conducted;
except in each case referred to in clause (c), (d) or (e), to the extent that failure to do so
would not reasonably be expected to have a Material Adverse Effect.

          SECTION 5.02. Authorization; No Contravention. The execution, delivery and
performance by each Loan Party of each Loan Document to which such Person is a party are within
such Person’s corporate or other powers and have been duly authorized by all necessary corporate or
other organizational action. Neither the execution, delivery and performance by each Loan Party of
each Loan Document to which such Person is a party nor the consummation of the Transaction will (a)
contravene the terms of any of such Person’s Organization Documents, (b) result in any breach or
contravention of, or the creation of any Lien upon any of the property or assets of such Person or
any of the Restricted Subsidiaries (other than as permitted by Section 7.01) under (i) any material
Contractual Obligation to which such Person is a party or affecting such Person or the properties
of such Person or any of its Subsidiaries or (ii) any material order, injunction, writ or decree of
any Governmental Authority or any arbitral award to which such Person or its property is subject;
or (c) violate any applicable material Law; except with respect to any breach, contravention or
violation (but not creation of Liens) referred to in clauses (b) and (c), to the extent that such
breach, contravention or violation would not reasonably be expected to have a Material Adverse
Effect.

          SECTION 5.03. Governmental Authorization. No material approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any Governmental Authority is
necessary or required on the part of any Loan Party in connection with (a) the execution, delivery
or performance by, or enforcement against, any Loan Party of this

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Agreement or any other Loan Document or for the consummation of the Transaction, (b) the grant
by any Loan Party of the Liens granted by it pursuant to the Collateral Documents, (c) the
perfection or maintenance of the Liens created under the Collateral Documents or (d) the exercise
by the Administrative Agent or any Lender of its rights under the Loan Documents or the remedies in
respect of the Collateral pursuant to the Collateral Documents, except for (i) filings necessary to
perfect the Liens on the Collateral granted by the Loan Parties in favor of the Secured Parties,
(ii) the approvals, consents, exemptions, authorizations, actions, notices and filings that have
been duly obtained, taken, given or made and are in full force and effect and (iii) those
approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure
of which to obtain or make would not reasonably be expected to have a Material Adverse Effect.

          SECTION 5.04. Binding Effect. This Agreement and each other Loan Document has been
duly executed and delivered by each Loan Party that is party thereto. This Agreement and each
other Loan Document constitutes a legal, valid and binding obligation of such Loan Party,
enforceable against such Loan Party that is party thereto in accordance with its terms, except as
such enforceability may be limited by Debtor Relief Laws and by general principles of equity and
principles of good faith and fair dealing.

          SECTION 5.05. Financial Statements; No Material Adverse Effect.

          (a) The Audited Financial Statements and the Unaudited Financial Statements fairly present in
all material respects the financial condition of the Borrower and its Subsidiaries as of the dates
thereof and their results of operations for the period covered thereby in accordance with GAAP
consistently applied throughout the periods covered thereby, except as otherwise expressly noted
therein and subject, in the case of the Unaudited Financial Statements, if any, to changes
resulting from normal year end audit adjustments and subject to the absence of footnotes.

          (b) Except as set forth in the Borrower’s reports on Forms 10-K, 10-Q and

          8-K filed with the SEC on or prior to April 11, 2007, since September 30, 2006, there has been
no event, either individually or in the aggregate, that has had or would reasonably be likely to
have a Material Adverse Effect.

          (c) The forecasts of consolidated balance sheets, statements of operations and cash flow
statements of the Borrower and its Subsidiaries for each fiscal year ending after the Closing Date
until 2011, copies of which have been furnished to the Administrative Agent prior to the Closing
Date, have been prepared in good faith on the basis of the assumptions stated therein, which
assumptions were believed to be reasonable at the time made, it being understood that projections
as to future events are not to be viewed as facts and actual results may vary materially from such
forecasts.

          SECTION 5.06. Litigation. Except as set forth in the Borrower’s reports on Forms
10-K, 10-Q and 8-K filed with the SEC on or prior to April 11, 2007, there are no actions, suits,
proceedings, claims or disputes pending or, to the knowledge of the Borrower, overtly

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threatened in writing, at law, in equity, in arbitration or before any Governmental Authority,
by or against the Borrower or any of the Restricted Subsidiaries or against any of their properties
or revenues that either individually or in the aggregate would reasonably be expected to have a
Material Adverse Effect.

          SECTION 5.07. Ownership of Property; Liens. Each Loan Party and each of its
Subsidiaries has good record and indefeasible title in fee simple to, or valid leasehold interests
in, or easements or other limited property interests in, all real property necessary in the
ordinary conduct of its business, free and clear of all Liens except for minor defects in title
that do not materially interfere with its ability to conduct its business or to utilize such assets
for their intended purposes and Liens permitted by Section 7.01 and except where the failure to
have such title or other interest would not reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect. All Material Real Property owned by the Loan Parties as of
the Closing Date is listed on Schedule 5.07.

          SECTION 5.08. Environmental Matters. Except as set forth on Schedule 5.08,
or except as could not reasonably be expected to have a Material Adverse Effect, (i) each Loan
Party and each of its Subsidiaries is in compliance with all Environmental Laws in all
jurisdictions in which each Loan Party and each of its Subsidiaries, as the case may be, is
currently doing business (including having obtained all Environmental Permits); (ii) none of the
Loan Parties or any of their respective Subsidiaries has become subject to any pending, or to the
knowledge of the Borrower, threatened Environmental Claim or any other Environmental Liability;
(iii) none of the Loan Parties or any of their respective Subsidiaries has agreed to assume or
accept responsibility, by contract or otherwise, for any liability of any other Person under
Environmental Laws; and (iv) there are no facts, circumstances or conditions relating to the past
or present business or operations of any Loan Party, any of their Subsidiaries, or any of their
respective predecessors (including the disposal of Hazardous Materials), or to any past or present
property of any Loan Party or any of their Subsidiaries, that could reasonably be expected to give
rise to any Environmental Claim against a Loan Party or any other Environmental Liability.

          SECTION 5.09. Taxes. Except as would not, either individually or in the aggregate,
reasonably be expected to result in a Material Adverse Effect, Holdings, the Borrower and its
Subsidiaries have timely filed all Federal and state and other tax returns and reports required to
be filed, and have timely paid all Federal and state and other taxes, assessments, fees and other
governmental charges levied or imposed upon them or their properties, income or assets, showing on
such returns, or otherwise due and payable, except those being contested in good faith by
appropriate proceedings diligently conducted and adequately disclosed and for which adequate
reserves have been provided in accordance with GAAP. All such tax returns accurately reflect in
all material respects all liability for taxes the Borrower and its Subsidiaries for the periods
covered thereby. Except as would not, either individually or in the aggregate, reasonably be
expected to result in a Material Adverse Effect, there is no action, suit, proceeding,
investigation, audit or claim now pending or threatened by any authority regarding any taxes
relating to Holdings, the Borrower and its Subsidiaries except as set forth on Schedule
5.09.

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None of Holdings, the Borrower or any of its Subsidiaries has entered into an agreement or
waiver or has been requested to enter into an agreement or waiver extending any statute of
limitations relating to the payment or collection of taxes the Borrower or any of its Subsidiaries.

          SECTION 5.10. ERISA Compliance.

          (a) Except as would not, either individually or in the aggregate, reasonably be expected to
result in a Material Adverse Effect, each Plan (and each related trust, insurance contract or fund)
is in compliance in with its terms, the applicable provisions of ERISA, the Code and other Federal
or state Laws.

          (b) No ERISA Event has occurred and is continuing within the immediately preceding six (6)
years that would reasonably be expected to result in a Material Adverse Effect.

          SECTION 5.11. Subsidiaries. As of the Closing Date, neither Holdings nor any other
Loan Party has any Subsidiaries other than those specifically disclosed in Schedule 5.11
and all of the outstanding Equity Interests in Holdings, the Borrower and the Material
Subsidiaries have been validly issued and are fully paid and nonassessable, and all Equity
Interests owned by Holdings or any other Loan Party are owned free and clear of all security
interests of any person except (i) those created under the Collateral Documents and (ii) any
nonconsensual Lien that is permitted under Section 7.01. As of the Closing Date, Schedule
5.11 (a) sets forth the name and jurisdiction of each Subsidiary, (b) sets forth the ownership
interest of Holdings, the Borrower and any other Subsidiary in each Subsidiary, including the
percentage of such ownership and (c) identifies each Subsidiary that is a Subsidiary the Equity
Interests of which are required to be pledged on the Closing Date pursuant to the Collateral and
Guarantee Requirement.

          SECTION 5.12. Margin Regulations; Investment Company Act.

          (a) The Borrower is not engaged nor will it engage, principally or as one of its important
activities, in the business of purchasing or carrying margin stock (within the meaning of
Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying
margin stock, and no proceeds of any Borrowings or drawings under any Letter of Credit will be used
for any purpose that violates Regulation U.

          (b) The Borrower is not an “investment company” under the Investment Company Act of 1940.

          SECTION 5.13. Disclosure. None of the factual information and data heretofore or
contemporaneously furnished in writing by or on behalf of any Loan Party to any Agent or any Lender
in connection with the transactions contemplated hereby and the negotiation of this Agreement or
delivered hereunder or any other Loan Document (as modified or supplemented by other information so
furnished) when taken as a whole contains any material misstatement of fact or omits to state any
material fact necessary to make such factual information and data (taken as a whole), in the light
of the circumstances under which it was delivered, not materially

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misleading; it being understood that for purposes of this Section 5.13, such factual
information and data shall not include projections and pro forma financial information or
information of a general economic or general industry nature.

          SECTION 5.14. Intellectual Property; Licenses, Etc. The Borrower and its
Subsidiaries have good and marketable title to, or a valid license or right to use, all patents,
patent rights, trademarks, servicemarks, trade names, copyrights, technology, software, know-how
database rights, rights of privacy and publicity, licenses and other intellectual property rights
(collectively, “IP Rights”) that are necessary for the operation of their respective businesses as
currently conducted and as proposed to be conducted, except where the failure to have any such
rights, either individually or in the aggregate would not reasonably be expected to have a Material
Adverse Effect. To the knowledge of the Borrower, the operation of the respective businesses of
the Borrower or any of its Subsidiaries as currently conducted does not infringe upon, misuse,
misappropriate or violate any rights held by any Person except for such infringements, misuses,
misappropriations or violations individually or in the aggregate, that would not reasonably be
expected to have a Material Adverse Effect. No claim or litigation regarding any IP Rights, is
pending or, to the knowledge of the Borrower, threatened against any Loan Party or Subsidiary,
that, either individually or in the aggregate, would reasonably be expected to have a Material
Adverse Effect.

          SECTION 5.15. Labor Matters. Except as set forth in Schedule 5.15 or as, in
the aggregate, would not reasonably be expected to have a Material Adverse Effect: (a) there are
no strikes or other labor disputes against any of the Borrower and its Subsidiaries pending or, to
the knowledge of the Borrower, threatened; (b) hours worked by and payment made to employees of
each of the Borrower or its Subsidiaries have not been in violation of the Fair Labor Standards Act
or any other applicable Laws dealing with such matters; and (c) all payments due from any of the
Borrower or its Subsidiaries on account of employee health and welfare insurance have been paid or
accrued as a liability on the books of the relevant party.

          SECTION 5.16. Solvency. On the Closing Date after giving effect to the Transaction,
the Borrower and its Subsidiaries, on a consolidated basis, are Solvent.

          SECTION 5.17. Subordination of Junior Financing. The Obligations are “Designated
Senior Debt,” “Senior Debt,” “Senior Indebtedness,” “Guarantor Senior Debt” or “Senior Secured
Financing” (or any comparable term) under, and as defined in, the Senior Subordinated Notes
Indenture and any Permitted Subordinated Notes Documentation.

ARTICLE VI

Affirmative Covenants

          So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder that is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit
shall remain outstanding (unless the Outstanding Amount of the L/C Obligations related thereto has
been Cash Collateralized), the Borrower shall, and shall (except in the case of

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the covenants set forth in Sections 6.01, 6.02 and 6.03) cause each of the Restricted
Subsidiaries to:

          SECTION 6.01. Financial Statements. Deliver to the Administrative Agent for prompt
further distribution to each Lender:

          (a) as soon as available, but in any event within ninety (90) days after the end of
each fiscal year of the Borrower (beginning with the fiscal year ending September 30, 2007),
a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such
fiscal year, and the related consolidated statements of operations, members’ equity and cash
flows for such fiscal year, setting forth in each case in comparative form the figures for
the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP,
audited and accompanied by a report and opinion of Ernst & Young LLP or any other
independent registered public accounting firm of nationally recognized standing, which
report and opinion shall be prepared in accordance with generally accepted auditing
standards and shall not be subject to any “going concern” or like qualification or exception
or any qualification or exception as to the scope of such audit;

          (b) as soon as available, but in any event within forty-five (45) days after the end of
each of the first three (3) fiscal quarters of each fiscal year of the Borrower (beginning
with the fiscal quarter ending June 30, 2007), a consolidated balance sheet of the Borrower
and its Subsidiaries as at the end of such fiscal quarter, and the related (i) consolidated
statements of operations for such fiscal quarter and for the portion of the fiscal year then
ended and (ii) consolidated statements of cash flows for the portion of the fiscal year then
ended, setting forth in each case in comparative form the figures for the corresponding
fiscal quarter of the previous fiscal year and the corresponding portion of the previous
fiscal year, all in reasonable detail and certified by a Responsible Officer of the Borrower
as fairly presenting in all material respects the financial condition, results of
operations, members’ equity and cash flows of the Borrower and its Subsidiaries in
accordance with GAAP, subject only to changes resulting from normal year-end audit
adjustments and subject to the absence of footnotes; and

          (c) within sixty (60) days after the end of each fiscal year (beginning with the fiscal
year ending September 30, 2007) of the Borrower, a reasonably detailed consolidated budget
for each fiscal quarter of the following fiscal year as customarily prepared by management
of the Borrower for its internal use (the “Budget”), which Budget shall be accompanied by a
certificate of a Responsible Officer stating that (i) to the knowledge of such Responsible
Officer, the Budget is a reasonable estimate for the period(s) covered thereby and (ii) such
Budget has been prepared in good faith on the basis of the assumptions stated therein, which
assumptions were believed to be reasonable at the time of preparation of such Budget, it
being understood that actual results may vary from such Budget and that such variations may
be material.

          Notwithstanding the foregoing, the obligations in paragraphs (a) and (b) of this Section 6.01
may be satisfied with respect to financial information of the Borrower and its

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Subsidiaries by furnishing (A) the applicable financial statements of any direct or indirect
parent of the Borrower that holds all of the Equity Interests of the Borrower or (B) the Borrower’s
or such entity’s Form 10-K or 10-Q, as applicable, filed with the SEC; provided that, with respect
to each of clauses (A) and (B), (i) to the extent such information relates to a parent of the
Borrower, such information is accompanied by consolidating information that explains in reasonable
detail the differences between the information relating to the Borrower (or such parent), on the
one hand, and the information relating to the Borrower and the Restricted Subsidiaries on a
standalone basis, on the other hand and (ii) to the extent such information is in lieu of
information required to be provided under Section 6.01(a), such materials are accompanied by a
report and opinion of Ernst & Young LLP or any other independent registered public accounting firm
of nationally recognized standing, which report and opinion shall be prepared in accordance with
generally accepted auditing standards and shall not be subject to any “going concern” or like
qualification or exception or any qualification or exception as to the scope of such audit.

          SECTION 6.02. Certificates; Other Information. Deliver to the Administrative Agent
for prompt further distribution to each Lender:

          (a) no later than five (5) days after the delivery of the financial statements referred
to in Section 6.01(a) and (b), a duly completed Compliance Certificate signed by a
Responsible Officer of the Borrower;

          (b) promptly after the same are publicly available, copies of all annual, regular,
periodic and special reports and registration statements which Holdings or the Borrower
files with the SEC (other than amendments to any registration statement (to the extent such
registration statement, in the form it became effective, is delivered to the Administrative
Agent), exhibits to any registration statement and, if applicable, any registration
statement on Form S-8) and in any case not otherwise required to be delivered to the
Administrative Agent pursuant to any other clause of this Section 6.02;

          (c) promptly after the furnishing thereof, copies of any material statements or
material reports furnished to any holder of any class or series of debt securities of any
Loan Party having an aggregate outstanding principal amount greater than the Threshold
Amount or pursuant to the terms of the Senior Subordinated Notes Indenture or any Permitted
Subordinated Notes Documentation, in each case, so long as the aggregate outstanding
principal amount thereunder is greater than the Threshold Amount, and not otherwise required
to be furnished to the Administrative Agent pursuant to any other clause of this Section
6.02;

          (d) together with the delivery of each Compliance Certificate pursuant to Section
6.02(a), (i) a description of each event, condition or circumstance during the last fiscal
quarter covered by such Compliance Certificate requiring a mandatory prepayment under
Section 2.05(b) and (ii) a list of each Subsidiary of the Borrower that identifies each
Subsidiary as a Restricted Subsidiary or an Unrestricted Subsidiary as of the date of

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delivery of such Compliance Certificate or a confirmation that there is no change in
such information since the later of the Closing Date or the date of the last such list; and

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

          Documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(c) may
be delivered electronically and if so delivered, shall be deemed to have been delivered on the date
(i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s
website on the Internet at the website address listed on Schedule 10.02; or (ii) on which
such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency or another relevant
website, if any, to which each Lender and the Administrative Agent have access (whether a
commercial, third-party website or whether sponsored by the Administrative Agent); provided that:
(i) upon written request by the Administrative Agent, the Borrower shall deliver paper copies of
such documents to the Administrative Agent for further distribution to each Lender until a written
request to cease delivering paper copies is given by the Administrative Agent and (ii) the Borrower
shall notify (which may be by facsimile or electronic mail) the Administrative Agent of the posting
of any such documents and provide to the Administrative Agent by electronic mail electronic
versions (i.e., soft copies) of such documents. Notwithstanding anything contained herein, in
every instance the Borrower shall be required to provide paper copies of the Compliance
Certificates required by Section 6.02(a) to the Administrative Agent. Each Lender shall be solely
responsible for timely accessing posted documents or requesting delivery of paper copies of such
documents from the Administrative Agent and maintaining its copies of such documents.

          The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Joint Lead
Arrangers will make available to the Lenders 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 it will use commercially reasonable efforts to identify that portion of
the Borrower Materials that may be distributed to the Public Lenders and that (w) all such Borrower
Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that
the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower
Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the
Joint Lead Arrangers and the Lenders to treat such Borrower Materials as not containing any
material non-public information (although it may be sensitive and proprietary) with respect to the
Borrower or its securities for purposes of United States federal and state securities laws
(provided, however, that to the extent such Borrower Materials constitute Information, they shall
be treated as set forth in Section 10.08); (y) all Borrower Materials marked “PUBLIC” are permitted
to be made available through a portion of

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the Platform designated “Public Investor”; and (z) the Administrative Agent and the Joint Lead
Arrangers 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.”

          SECTION 6.03. Notices. Promptly after a Responsible Officer obtains actual knowledge
thereof, notify the Administrative Agent:

          (a) of the occurrence of any Default; and

          (b) of (i) any dispute, litigation, investigation or proceeding between any Loan Party
and any Governmental Authority, (ii) the commencement of, or any material development in,
any litigation or proceeding affecting any Loan Party, including pursuant to any applicable
Environmental Laws or the occurrence of any noncompliance by any Loan Party with, or
liability under, any Environmental Law or Environmental Permit, or (iii) the occurrence of
any ERISA Event that, in any such case, has resulted or would reasonably be expected to
result in a Material Adverse Effect.

          Each notice pursuant to this Section shall be accompanied by a written statement of a
Responsible Officer of the Borrower (x) that such notice is being delivered pursuant to Section
6.03(a) or (b) (as applicable) and (y) setting forth details of the occurrence referred to therein
and stating what action the Borrower has taken and proposes to take with respect thereto.

          SECTION 6.04. Payment of Obligations. Pay, discharge or otherwise satisfy prior to
the date material penalties attach thereto all taxes, assessments and governmental charges or
levies imposed upon it or upon its income or profits or in respect of its property, except, in each
case, to the extent (i) any such tax, assessment, charge or levy is being contested in good faith
and by appropriate proceedings for which appropriate reserves have been established in accordance
with GAAP or (ii) the failure to pay or discharge the same would not reasonably be expected to have
a Material Adverse Effect.

          SECTION 6.05. Preservation of Existence, Etc. (a) Preserve, renew and maintain in
full force and effect its legal existence under the Laws of the jurisdiction of its organization
and (b) take all reasonable action to maintain all corporate rights and privileges (including its
good standing) except, in the case of (a) or (b), to the extent that failure to do so would not
reasonably be expected to have a Material Adverse Effect or pursuant to a transaction permitted by
Article VII.

          SECTION 6.06. Maintenance of Properties. Except if the failure to do so would not
reasonably be expected to have a Material Adverse Effect, maintain, preserve and protect all of its
material properties and equipment necessary in the operation of its business in good working order,
repair and condition, ordinary wear and tear excepted and casualty or condemnation excepted and
consistent with past practice.

          SECTION 6.07. Maintenance of Insurance.

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          (a) Maintain with insurance companies that the Borrower believes (in the good faith
judgment of its management) are financially sound and reputable at the time the relevant
coverage is placed or renewed, insurance with respect to its properties and business against
loss or damage of the kinds customarily insured against by Persons engaged in the same or
similar business, of such types and in such amounts (after giving effect to any
self-insurance reasonable and customary for similarly situated Persons engaged in the same
or similar businesses as the Borrower and the Restricted Subsidiaries) as are customarily
carried under similar circumstances by such other Persons.

          (b) If the Borrower or any of its Restricted Subsidiaries establishes an Insurance
Subsidiary, the Borrower shall cause such Insurance Subsidiary to (i) conduct its insurance
business in compliance in all material respects with all applicable insurance laws, rules,
regulations and orders and using sound actuarial principles and (ii) maintain appropriate
and customary stop-loss coverage and excess coverage reinsurance for individual claims. The
insurance premiums and other expenses charged by any Insurance Subsidiary to the Borrower
and its Restricted Subsidiaries shall be reasonable and customary.

          SECTION 6.08. Compliance with Laws. Comply in all material respects with the
requirements of all Laws and all orders, writs, injunctions and decrees of any Governmental
Authority applicable to it or to its business or property, except if the failure to comply
therewith would not reasonably be expected to have a Material Adverse Effect.

          SECTION 6.09. Books and Records. Maintain proper books of record and account, in
which entries that are full, true and correct in all material respects and are in conformity with
GAAP consistently applied shall be made of all material financial transactions and matters
involving the assets and business of the Borrower or such Restricted Subsidiary, as the case may
be.

          SECTION 6.10. Inspection Rights. Permit representatives and independent contractors
of the Administrative Agent and each Lender to visit and inspect any of its properties, to examine
its corporate, financial and operating records, and make copies thereof or abstracts therefrom
(other than the records of the Board of Directors of such Loan Party or such Restricted Subsidiary)
and to discuss its affairs, finances and accounts with its directors, officers, and independent
public accountants, all at the reasonable expense of the Borrower and at such reasonable times
during normal business hours and as often as may be reasonably desired, upon reasonable advance
notice to the Borrower; provided that, excluding any such visits and inspections during the
continuation of an Event of Default, only the Administrative Agent on behalf of the Lenders may
exercise rights of the Administrative Agent and the Lenders under this Section 6.10 and the
Administrative Agent shall not exercise such rights more often than two (2) times during any
calendar year absent the existence of an Event of Default and only one (1) such time shall be at
the Borrower’s expense; provided further that when an Event of Default exists, the Administrative
Agent or any Lender (or any of their respective representatives or

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independent contractors) may do any of the foregoing at the expense of the Borrower at any
time during normal business hours and upon reasonable advance notice. The Administrative Agent and
the Lenders shall give the Borrower the opportunity to participate in any discussions with the
Borrower’s independent public accountants. Notwithstanding anything to the contrary in this
Section 6.10, none of the Borrower or any of the Restricted Subsidiaries will be required to
disclose, permit the inspection, examination or making copies or abstracts of, or discussion of,
any document, information or other matter that (i) constitutes non-financial trade secrets or
non-financial proprietary information, (ii) in respect of which disclosure to the Administrative
Agent or any Lender (or their respective representatives or contractors) is prohibited by Law or
any binding agreement or (iii) is subject to attorney-client or similar privilege or constitutes
attorney work product.

          Without limiting the foregoing, it is acknowledged that during the course of the above
described visits, inspections and examinations and discussions, representatives of the Agents and
the Lenders may encounter individually identifiable healthcare information as defined under the
Administrative Simplification (including privacy and security) regulations promulgated pursuant to
the Health Insurance Portability and Accountability Act of 1996, as amended (collectively, “HIPAA”)
or other confidential information relating to healthcare patients (collectively, the “Confidential
Healthcare Information”). The Borrower or the Restricted Subsidiary maintaining such Confidential
Healthcare Information shall, consistent with HIPAA’s “minimum necessary” provisions, permit such
disclosures for their “healthcare operations” purposes. Unless otherwise required by law, the
Agents, the Lenders and their respective representatives shall not require or perform any act that
would cause the Borrower or any of its Subsidiaries to violate any laws, regulations or ordinances
intended to protect the privacy rights of healthcare patients, including, without limitation,
HIPAA.

          SECTION 6.11. Covenant to Guarantee Obligations and Give Security. At the Borrower’s
expense, subject to the provisions of the Collateral and Guarantee Requirement and any applicable
limitation in any Collateral Document, take all action necessary or reasonably requested by the
Administrative Agent to ensure that the Collateral and Guarantee Requirement continues to be
satisfied, including:

          (a) upon (1) the formation or acquisition of any new direct or indirect Wholly Owned
Material Subsidiary (in each case, other than an Excluded Subsidiary) by any Loan Party, (2)
the designation in accordance with Section 6.14 of any existing direct or indirect Wholly
Owned Material Subsidiary (in each case, other than an Excluded Subsidiary) as a Restricted
Subsidiary, (3) any Domestic Subsidiary (in each case, other than an Excluded Subsidiary)
becoming a Wholly Owned Material Subsidiary or (4) the acquisition of any new direct or
indirect non-Wholly Owned Material Subsidiary (in each case, other than an Excluded
Subsidiary) by any Loan Party pursuant to Section 7.02(j):

          (i) within forty-five (45) days after such formation, acquisition or
designation or such longer period as the Administrative Agent may agree in its
reasonable discretion:

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          (A) cause each such Material Subsidiary that is required to become a
Guarantor or a Pledgor under the Collateral and Guarantee Requirement to
furnish to the Administrative Agent a description of the Material Real
Properties owned by such Material Subsidiary in detail reasonably
satisfactory to the Administrative Agent;

          (B) cause each such Material Subsidiary that is required to become a
Guarantor or a Pledgor pursuant to the Collateral and Guarantee Requirement
to duly execute and deliver to the Administrative Agent Mortgages with
respect to any Material Real Property, Security Agreement Supplements and
other security agreements and documents (including, with respect to
Mortgages, the documents listed in Section 6.13(b)), as reasonably requested
by and in form and substance reasonably satisfactory to the Administrative
Agent (consistent with the Mortgages, Security Agreement and other
Collateral Documents in effect on the Closing Date), in each case granting
Liens required by the Collateral and Guarantee Requirement;

          (C) cause each such Material Subsidiary that is required to become a
Guarantor or a Pledgor pursuant to the Collateral and Guarantee Requirement
to deliver any and all certificates representing Equity Interests (to the
extent certificated) that are required to be pledged pursuant to the
Collateral and Guarantee Requirement, accompanied by undated stock powers or
other appropriate instruments of transfer executed in blank (or any other
documents customary under local law) and instruments evidencing the
intercompany Indebtedness held by such Material Subsidiary and required to
be pledged pursuant to the Collateral Documents, indorsed in blank to the
Administrative Agent;

          (D) take and cause such Material Subsidiary and each direct or indirect
parent of such Material Subsidiary that is required to become a Guarantor
pursuant to the Collateral and Guarantee Requirement to take whatever action
(including the recording of Mortgages, the filing of Uniform Commercial Code
financing statements and delivery of stock and membership interest
certificates to the extent certificated) may be necessary in the reasonable
opinion of the Administrative Agent to vest in the Administrative Agent (or
in any representative of the Administrative Agent designated by it) valid
Liens required by the Collateral and Guarantee Requirement, enforceable
against all third parties in accordance with their terms, except as such
enforceability may be limited by Debtor Relief Laws and by general
principles of equity (regardless of whether enforcement is sought in equity
or at law);

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          (ii) within forty-five (45) days after the request therefor by the
Administrative Agent (or such longer period as the Administrative Agent may agree in
its reasonable discretion), deliver to the Administrative Agent a signed copy of an
opinion, addressed to the Administrative Agent and the other Secured Parties, of
counsel for the Loan Parties reasonably acceptable to the Administrative Agent as to
such matters set forth in this Section 6.11(a) as the Administrative Agent may
reasonably request; and

          (iii) as promptly as practicable after the request therefor by the
Administrative Agent, deliver to the Administrative Agent with respect to each
Material Real Property, any existing title reports, surveys or environmental
assessment reports.

          (b) after the Closing Date, promptly after the acquisition of any Material Real
Property by any Loan Party other than Holdings, if such Material Real Property shall not
already be subject to a perfected Lien pursuant to the Collateral and Guarantee Requirement,
the Borrower shall give notice thereof to the Administrative Agent and promptly thereafter
shall cause such Material Real Property to be subjected to a Lien to the extent required by
the Collateral and Guarantee Requirement and will take, or cause the relevant Loan Party to
take, such actions as shall be necessary or reasonably requested by the Administrative Agent
to grant and perfect or record such Lien, including, as applicable, the actions referred to
in Section 6.13(b);

provided, however, if (1) the aggregate amount of assets for all Domestic Subsidiaries (other than
Pledgors and Excluded Subsidiaries) that do not become Guarantors exceeds 15.0% of Total Assets at
the last day of the most recent Test Period or (2) the aggregate amount of net revenues for all
Domestic Subsidiaries (other than Pledgors and Excluded Subsidiaries) that do not become Guarantors
exceeds 15.0% of the consolidated net revenues of the Borrower and the Restricted Subsidiaries for
the most recent Test Period, the Borrower shall, promptly after a Responsible Officer obtains
actual knowledge thereof, notify the Administrative Agent thereof and within 30 days of such
notice, cause a sufficient number of its Domestic Subsidiaries to become Guarantors, Pledgors or
Excluded Subsidiaries pursuant to the Collateral and Guarantee Requirement so that the
circumstances described in clause (1) and (2) above would no longer exist.

          SECTION 6.12. Compliance with Environmental Laws. Except, in each case, to the
extent that the failure to do so would not reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect, (a) comply, and take all reasonable actions to cause any
lessees and other Persons operating or occupying its properties to comply with all applicable
Environmental Laws and Environmental Permits; (b) obtain and renew all Environmental Permits
necessary for its operations and properties; and, (c) in each case to the extent required by
applicable Environmental Laws, conduct any investigation, study, sampling and testing, and
undertake any cleanup, removal, remedial or other action necessary to remove and clean up all

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Hazardous Materials from any of its properties, in accordance with the requirements of all
applicable Environmental Laws.

          SECTION 6.13. Further Assurances and Post-Closing Conditions. Subject to the
provisions of the Collateral and Guarantee Requirement and any applicable limitations in any
Collateral Document:

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

          (b) In the case of any Material Real Property, including those listed on Schedule 5.07,
provide the Administrative Agent with Mortgages with respect to such owned real property within
ninety (90) days (or such longer period as the Administrative Agent may agree in its sole
discretion) of the Closing Date or the acquisition of such real property, as applicable, together
with:

          (i) evidence that counterparts of the Mortgages have been duly executed, acknowledged
and delivered and are in form suitable for filing or recording in all filing or recording
offices that the Administrative Agent may deem reasonably necessary or desirable in order to
create a valid and subsisting perfected Lien on the property and/or rights described therein
in favor of the Administrative Agent for the benefit of the Secured Parties and that all
filing and recording taxes and fees have been paid or otherwise provided for in a manner
reasonably satisfactory to the Administrative Agent;

          (ii) fully paid American Land Title Association Lender’s Extended Coverage title
insurance policies (including by way of endorsement of existing policies) or the equivalent
or other form available in each applicable jurisdiction (the “Mortgage Policies”) in form
and substance, with endorsements and in amount, reasonably acceptable to the Administrative
Agent (not to exceed the value of the real properties covered thereby), issued, coinsured
and reinsured by title insurers reasonably acceptable to the Administrative Agent, insuring
the Mortgages to be valid subsisting Liens on the property described therein, free and clear
of all defects and encumbrances, subject to Liens permitted by Section 7.01, and providing
for such other affirmative insurance (including endorsements for future advances under the
Loan Documents) and such coinsurance and direct access reinsurance as the Administrative
Agent may reasonably request;

          (iii) opinions of local counsel for the Loan Parties in states in which the real
properties are located, with respect to the enforceability and perfection of the Mortgages

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and any related fixture filings in form and substance reasonably satisfactory to the
Administrative Agent; and

          (iv) such other evidence that all other actions that the Administrative Agent may
reasonably deem necessary or desirable in order to create valid and subsisting Liens on the
property described in the Mortgages has been taken and otherwise to comply with the
Collateral and Guarantee Requirement.

          SECTION 6.14. Designation of Subsidiaries. The Board of Directors of the Borrower
may at any time designate any Restricted Subsidiary as an Unrestricted Subsidiary or any
Unrestricted Subsidiary as a Restricted Subsidiary; provided that (i) immediately before and after
such designation, no Default shall have occurred and be continuing, (ii) other than for purposes of
designating a Restricted Subsidiary as an Unrestricted Subsidiary that is a Securitization
Subsidiary in connection with the establishment of a Qualified Securitization Financing,
immediately after giving effect to such designation, the Senior Secured Leverage Ratio for the Test
Period immediately preceding such designation is less than or equal to 4.00 to 1.00 (calculated on
a Pro Forma Basis) (and, as a condition precedent to the effectiveness of any such designation, the
Borrower shall deliver to the Administrative Agent a certificate setting forth in reasonable detail
the calculations demonstrating satisfaction of such test) and (iii) no Subsidiary may be designated
as an Unrestricted Subsidiary if, after such designation, it would be a “Restricted Subsidiary” for
the purpose of the Senior Subordinated Notes or any other Junior Financing. The designation of any
Subsidiary as an Unrestricted Subsidiary shall constitute an Investment by the Borrower therein at
the date of designation in an amount equal to the net book value of the Borrower’s investment
therein. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall
constitute the incurrence at the time of designation of any Indebtedness or Liens of such
Subsidiary existing at such time.

ARTICLE VII

Negative Covenants

          So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder which is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit
shall remain outstanding (unless the Outstanding Amount of the L/C Obligations related thereto has
been Cash Collateralized), the Borrower shall not (and, solely with respect to Section 7.14,
Holdings shall not), nor shall the Borrower permit any Restricted Subsidiary to, directly or
indirectly:

          SECTION 7.01. Liens. Create, incur, assume or suffer to exist any Lien upon any of
its property, assets or revenues, whether now owned or hereafter acquired, other than the
following:

          (a) Liens created pursuant to any Loan Document;

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          (b) Liens existing on the date hereof; provided that any Lien securing Indebtedness in
excess of (x) $2,500,000 individually or (y) $12,500,000 in the aggregate (when taken
together with all other Liens outstanding in reliance on this clause (b) that are not set
forth on Schedule 7.01(b)) shall only be permitted to the extent such Lien is listed
on Schedule 7.01(b);

          (c) Liens for taxes, assessments or governmental charges that are not overdue for a
period of more than thirty (30) days or that are being contested in good faith and by
appropriate proceedings for which appropriate reserves have been established in accordance
with GAAP;

          (d) statutory or common law Liens of landlords, carriers, warehousemen, mechanics,
materialmen, repairmen, construction contractors or other like Liens arising in the ordinary
course of business and that (i) do not, individually or in the aggregate, have a Material
Adverse Effect or (ii) are being contested in good faith and by appropriate proceedings for
which appropriate reserves have been established in accordance with GAAP;

          (e) (i) pledges or deposits in the ordinary course of business in connection with
workers’ compensation, unemployment insurance and other social security legislation and (ii)
pledges and deposits in the ordinary course of business securing liability for reimbursement
or indemnification obligations of (including obligations in respect of letters of credit or
bank guarantees for the benefit of) insurance carriers providing property, casualty or
liability insurance to the Borrower or any Restricted Subsidiaries;

          (f) deposits to secure the performance of bids, trade contracts, governmental contracts
and leases (other than Indebtedness for borrowed money), statutory obligations, surety,
stay, customs and appeal bonds, performance bonds and other obligations of a like nature
(including those to secure health, safety and environmental obligations) incurred in the
ordinary course of business;

          (g) easements, rights-of-way, restrictions (including zoning restrictions),
encroachments, protrusions and other similar encumbrances and minor title defects affecting
real property that, in the aggregate, do not in any case materially interfere with the
ordinary conduct of the business of the Borrower and its Subsidiaries, taken as a whole, and
any exception on the title policies issued in connection with the Mortgaged Property;

          (h) Liens arising from judgments or orders for the payment of money not constituting an
Event of Default under Section 8.01(g);

          (i) (i) Liens securing Indebtedness permitted under Section 7.03(e); provided that (A)
such Liens attach concurrently with or within two hundred and seventy (270) days after
completion of the acquisition, construction, repair, replacement or

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improvement (as applicable) of the property subject to such Liens, (B) with respect to
any such Indebtedness other than Capitalized Leases, such Liens do not at any time encumber
any property other than the property financed by such Indebtedness, replacements thereof and
additions and accessions to such property and the proceeds and the products thereof and
customary security deposits and (C) with respect to Capitalized Leases, such Liens do not at
any time extend to or cover any assets (except for additions and accessions to such assets,
replacements and products thereof and customary security deposits) other than the assets
subject to such Capitalized Leases; provided that individual financings of equipment
provided by one lender may be cross collateralized to other financings of equipment provided
by such lender and (ii) Liens on assets of Restricted Subsidiaries that are not Guarantors
securing Indebtedness permitted pursuant to Section 7.03 in an aggregate principal amount
not to exceed the limitation thereon set forth in the penultimate paragraph of Section 7.03;

          (j) leases, licenses, subleases or sublicenses granted to others in the ordinary course
of business which do not (i) interfere in any material respect with the business of the
Borrower and its Subsidiaries, taken as a whole, or (ii) secure any Indebtedness;

          (k) Liens in favor of customs and revenue authorities arising as a matter of law to
secure payment of customs duties in connection with the importation of goods in the ordinary
course of business;

          (l) Liens (i) of a collecting bank arising under Section 4-210 of the Uniform
Commercial Code on the items in the course of collection, (ii) attaching to commodity
trading accounts or other commodities brokerage accounts incurred in the ordinary course of
business and (iii) in favor of a banking or other financial institution arising as a matter
of law encumbering deposits or other funds maintained with a financial institution
(including the right of set off) and that are within the general parameters customary in the
banking industry;

          (m) Liens (i) on cash advances in favor of the seller of any property to be acquired in
an Investment permitted pursuant to Section 7.02(j) or Section 7.02(n) to be applied against
the purchase price for such Investment or (ii) consisting of an agreement to Dispose of any
property in a Disposition permitted under Section 7.05, in each case, solely to the extent
such Investment or Disposition, as the case may be, would have been permitted on the date of
the creation of such Lien;

          (n) Liens existing on property at the time of its acquisition or existing on the
property of any Person at the time such Person becomes a Restricted Subsidiary (other than
by designation as a Restricted Subsidiary pursuant to Section 6.14), in each case after the
date hereof; provided that (i) such Lien was not created in contemplation of such
acquisition or such Person becoming a Restricted Subsidiary, (ii) such Lien does not extend
to or cover any other assets or property (other than the proceeds or products thereof and
other than after-acquired property subjected to a Lien securing Indebtedness and other
obligations permitted hereunder incurred prior to such time that require,

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pursuant to their terms at such time, a pledge of after-acquired property, it being
understood that such requirement shall not be permitted to apply to any property to which
such requirement would not have applied but for such acquisition), and (iii) the
Indebtedness secured thereby is permitted under Section 7.03(e) or (g);

          (o) any interest or title of a lessor, sublessor, licensor or sublicensor under leases
or licenses entered into by the Borrower or any of the Restricted Subsidiaries in the
ordinary course of business;

          (p) Liens arising out of conditional sale, title retention, consignment or similar
arrangements for sale of goods entered into by the Borrower or any of the Restricted
Subsidiaries in the ordinary course of business;

          (q) Liens deemed to exist in connection with Investments in repurchase agreements under
Section 7.02 and reasonable customary initial deposits and margin deposits and similar Liens
attaching to commodity trading accounts or other brokerage accounts maintained in the
ordinary course of business and not for speculative purposes;

          (r) Liens that are contractual rights of set-off (i) relating to the establishment of
depository relations with banks or other financial institutions not given in connection with
the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts of the
Borrower or any of the Restricted Subsidiaries to permit satisfaction of overdraft or
similar obligations incurred in the ordinary course of business of the Borrower and the
Restricted Subsidiaries or (iii) relating to purchase orders and other agreements entered
into with customers of the Borrower or any of the Restricted Subsidiaries in the ordinary
course of business;

          (s) Liens solely on any cash earnest money deposits made by the Borrower or any of the
Restricted Subsidiaries in connection with any letter of intent or purchase agreement
permitted hereunder;

          (t) (i) Liens on the Equity Interests of any Restricted Subsidiary acquired pursuant to
a Permitted Acquisition to secure Indebtedness incurred pursuant to Section 7.03(h) in
connection with such Permitted Acquisition and (ii) Liens on the assets of such Restricted
Subsidiary and any of its Subsidiaries to secure Indebtedness (or to secure a Guarantee of
such Indebtedness) incurred pursuant to Section 7.03(h) in connection with such Permitted
Acquisition;

          (u) ground leases in respect of real property on which facilities owned or leased by
the Borrower or any of its Subsidiaries are located;

          (v) Liens arising from precautionary Uniform Commercial Code financing statement or
similar filings;

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          (w) Liens on insurance policies and the proceeds thereof securing the financing of the
premiums with respect thereto;

          (x) Liens on the Securitization Assets arising in connection with a Qualified
Securitization Financing;

          (y) any zoning or similar law or right reserved to or vested in any Governmental
Authority to control or regulate the use of any real property that does not materially
interfere with the ordinary conduct of the business of the Borrower and its Subsidiaries,
taken as a whole;

          (z) Liens on specific items of inventory or other goods and the proceeds thereof
securing such Person’s obligations in respect of documentary letters of credit or banker’s
acceptances issued or created for the account of such Person to facilitate the purchase,
shipment or storage of such inventory or goods;

          (aa) Liens, including Liens on the Collateral that rank pari passu with or are
subordinated to the Obligations, securing Indebtedness permitted under the proviso to the
first paragraph of Section 7.03; provided, further that in the case of any Liens on the
Collateral permitted under this clause (aa), the Administrative Agent shall enter into a
collateral sharing agreement containing customary terms with the Borrower and the Person or
Persons extending any such Indebtedness;

          (bb) the modification, replacement, renewal or extension of any Lien permitted by
clauses (b), (i), (n), (t) and (aa) of this Section 7.01; provided that (i) the Lien does
not extend to any additional property other than (A) after-acquired property that is affixed
or incorporated into the property covered by such Lien or financed by Indebtedness permitted
under Section 7.03, and (B) proceeds and products thereof, (ii) the aggregate principal
amount of the Indebtedness, if any, secured by such Liens does not increase from the amount
outstanding at the time of such modification, replacement, renewal or extension, and (iii)
the renewal, extension or refinancing of the obligations secured or benefited by such Liens
is permitted by Section 7.03; and

          (cc) other Liens securing Indebtedness or other obligations in an aggregate principal
amount at any time outstanding not to exceed the greater of $100,000,000 and 5.0% of Total
Assets, in each case determined as of the date of incurrence.

          SECTION 7.02. Investments. Make or hold any Investments, except:

          (a) Investments by the Borrower or any of the Restricted Subsidiaries in assets that
were Cash Equivalents or Investment Grade Securities when such Investment was made;

          (b) loans or advances to officers, directors and employees of Holdings (or any direct
or indirect parent thereof), the Borrower and the Restricted Subsidiaries (i) for

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reasonable and customary business-related travel, entertainment, relocation and
analogous ordinary business purposes, (ii) in connection with such Person’s purchase of
Equity Interests of the Borrower (or any direct or indirect parent thereof) and (iii) for
purposes not described in the foregoing clauses (i) and (ii), in an aggregate principal
amount outstanding under this clause (iii) not to exceed $5,000,000;

          (c) asset purchases (including purchases of inventory, supplies and materials) and the
licensing or contribution of intellectual property pursuant to joint marketing arrangements
with other Persons, in each case in the ordinary course of business;

          (d) Investments (i) by any Loan Party in any other Loan Party, (ii) by any Non-Loan
Party in any other Non-Loan Party that is a Restricted Subsidiary, (iii) by any Non-Loan
Party in any Loan Party, (iv) consisting of intercompany Investments incurred in the
ordinary course of business in connection with the cash management operations (including
with respect to intercompany self-insurance arrangements) of the Borrower and the Restricted
Subsidiaries, (v) by any Loan Party in any Non-Loan Party; provided that (A) any such
Investments made pursuant to this clause (v) in the form of intercompany loans shall be
evidenced by notes that have been pledged (individually or pursuant to a global note) to the
Administrative Agent for the benefit of the Lenders (it being understood and agreed that any
Investments permitted under this clause (v) that are not so evidenced as of the Closing Date
are not required to be so evidenced and pledged until the date that is ninety (90) days
after the Closing Date) and (B) the aggregate amount of Investments made pursuant to this
clause (v) after the Closing Date shall not exceed at any time outstanding the Available
Amount at such time.

          (e) Investments consisting of extensions of credit in the nature of accounts receivable
or notes receivable arising from the grant of trade credit in the ordinary course of
business, and Investments received in satisfaction or partial satisfaction thereof from
financially troubled account debtors and other credits to suppliers in the ordinary course
of business;

          (f) Investments consisting of Liens, Indebtedness, fundamental changes, Dispositions
and Restricted Payments permitted under Sections 7.01, 7.03, 7.04, 7.05 and 7.06,
respectively;

          (g) Investments (i) existing on the date hereof or made pursuant to legally binding
written contracts in existence on the date hereof or (ii) contemplated on the date hereof
and set forth on Schedule 7.02(g), and in each case any modification, replacement,
renewal, reinvestment or extension thereof; provided that the amount of any Investment
permitted pursuant to this Section 7.02(g) is not increased from the amount of such
Investment on the Closing Date except pursuant to the terms of such Investment as of the
Closing Date or as otherwise permitted by this Section 7.02;

          (h) Investments in Swap Contracts permitted under Section 7.03;

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          (i) promissory notes and other non-cash consideration received in connection with
Dispositions permitted by Section 7.05;

          (j) the purchase or other acquisition of property and assets or businesses of any
Person or of assets constituting a business unit, a line of business or division of such
Person, or Equity Interests in a Person that, upon the consummation thereof, will be a
Subsidiary of the Borrower (including as a result of a merger or consolidation); provided
that, with respect to each purchase or other acquisition made pursuant to this Section
7.02(j) (each, a “Permitted Acquisition”):

          (A) to the extent required by the Collateral and Guarantee Requirement
and the Collateral Documents, the property, assets and businesses acquired
in such purchase or other acquisition shall constitute Collateral and each
applicable Loan Party and any such newly created or acquired Subsidiary
(and, to the extent required under the Collateral and Guarantee Requirement,
the Subsidiaries of such created or acquired Subsidiary) shall be Guarantors
or Pledgors and shall have complied with the requirements of Section 6.11
within the times specified therein (for the avoidance of doubt, this clause
(A) shall not override any provisions of the Collateral and Guarantee
Requirement);

          (B) the acquired property, assets, business or Person is in a business
permitted under Section 7.07;

          (C) (1) immediately before and immediately after giving Pro Forma
Effect to any such purchase or other acquisition, no Default shall have
occurred and be continuing and (2) immediately after giving effect to such
purchase or other acquisition, the Senior Secured Leverage Ratio for the
Test Period immediately preceding such purchase or other acquisition is less
than or equal to 4.00 to 1.00 (calculated on a Pro Forma Basis) and,
satisfaction of such test shall be evidenced by a certificate from the Chief
Financial Officer of the Borrower demonstrating such satisfaction calculated
in reasonable detail; and

          (D) the Borrower shall have delivered to the Administrative Agent, on
behalf of the Lenders, no later than five (5) Business Days after the date
on which any such purchase or other acquisition is consummated, a
certificate of a Responsible Officer, in form and substance reasonably
satisfactory to the Administrative Agent, certifying that all of the
requirements set forth in this clause (j) have been satisfied or will be
satisfied on or prior to the consummation of such purchase or other
acquisition;

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          (k) Investments in the ordinary course of business consisting of Article 3 endorsements
for collection or deposit and Article 4 customary trade arrangements with customers
consistent with past practices;

          (l) Investments (including debt obligations and Equity Interests) received in
connection with the bankruptcy or reorganization of suppliers and customers or in settlement
of delinquent obligations of, or other disputes with, customers and suppliers arising in the
ordinary course of business or upon the foreclosure with respect to any secured Investment
or other transfer of title with respect to any secured Investment;

          (m) loans and advances to Holdings (or any direct or indirect parent thereof) in lieu
of, and not in excess of the amount of (after giving effect to any other loans, advances or
Restricted Payments in respect thereof), Restricted Payments to the extent permitted to be
made to Holdings (or such direct or indirect parent) in accordance with (i) Section 7.06(f),
(ii) Section 7.06(g) or (iii) Section 7.06(l);

          (n) other Investments that do not exceed in the aggregate at any time outstanding the
Available Amount at such time;

          (o) Investments in joint ventures (regardless of the legal form); provided that, with
respect to each Investment made pursuant to this Section 7.02(o) (each, a “Permitted JV”):

          (A) the Borrower or any other Loan Party shall own, directly or
indirectly (including, without limitation, through a Permitted JV), at least
65% of the Equity Interests in such joint venture;

          (B) to the extent required by the Collateral and Guarantee Requirement
and the Collateral Documents, the Equity Interests in such joint venture
owned by a Loan Party shall constitute Collateral and each applicable Loan
Party shall have complied with the requirements of Section 6.11 with respect
to such Equity Interests, within the times specified therein (for the
avoidance of doubt, this clause (B) shall not override any provisions of the
Collateral and Guarantee Requirement);

          (C) immediately after giving effect to such purchase or other
acquisition, no more than 30% of the Borrower’s Consolidated EBITDA
(calculated on a Pro Forma Basis and excluding minority interests in any
Permitted JVs) shall be attributable to the Borrower’s Equity Interests in
Permitted JVs and, satisfaction of such test shall be evidenced by a
certificate from the Chief Financial Officer of the Borrower demonstrating
such satisfaction calculated in reasonable detail; and

          (D) the Borrower shall have delivered to the Administrative Agent, on
behalf of the Lenders, no later than five (5) Business Days after

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the date on which any such purchase or other acquisition is
consummated, a certificate of a Responsible Officer, in form and substance
reasonably satisfactory to the Administrative Agent, certifying that all of
the requirements set forth in this clause (j) have been satisfied or will be
satisfied on or prior to the consummation of such purchase or other
acquisition;

          (p) advances of payroll payments to employees in the ordinary course of business;

          (q) Investments to the extent that payment for such Investments is made solely with
Equity Interests of the Borrower (or by any direct or indirect parent thereof);

          (r) Investments held by a Restricted Subsidiary acquired after the Closing Date or of a
Person merged into the Borrower or merged or consolidated with a Restricted Subsidiary in
accordance with Section 7.04 after the Closing Date to the extent that such Investments were
not made in contemplation of or in connection with such acquisition, merger or consolidation
and were in existence on the date of such acquisition, merger or consolidation;

          (s) Guarantees by the Borrower or any of the Restricted Subsidiaries of leases (other
than Capitalized Leases) or of other obligations that do not constitute Indebtedness, in
each case entered into in the ordinary course of business;

          (t) Investments consisting of purchases and acquisitions of assets or services in the
ordinary course of business;

          (u) Investments made in the ordinary course of business in connection with obtaining,
maintaining or renewing client contracts and loans or advances made to distributors in the
ordinary course;

          (v) (i) Investments in a Securitization Subsidiary or any Investment by a
Securitization Subsidiary in any other Person in connection with a Qualified Securitization
Financing; provided, however, that any such Investment in a Securitization Subsidiary is in
the form of a contribution of additional Securitization Assets or as equity, and (ii)
distributions or payments of Securitization Fees and purchases of Securitization Assets
pursuant to a Securitization Repurchase Obligation in connection with a Qualified
Securitization Financing;

          (w) Investments made by any Restricted Subsidiary that is not a Loan Party to the
extent such Investments are financed with the proceeds received by such Restricted
Subsidiary from an Investment made pursuant to clauses (d)(v), (n) or (o) of this Section
7.02;

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          (x) in the event the Borrower or a Restricted Subsidiary shall establish a Subsidiary
for the purpose of, and to be engaging solely in the business of, insuring the healthcare
businesses or facilities owned or operated by the Borrower, any Restricted Subsidiary or any
physician employed by or on the medical staff of any such business or facility (the
“Insurance Subsidiary”), Investments in an aggregate amount that does not exceed the minimum
amount of capital required under the laws of the jurisdiction in which the Insurance
Subsidiary is formed, plus the amount of any reasonable, general corporate and overhead
expense of such Insurance Subsidiary; provided that in the event that less then 100%
of the Equity Interests of such Insurance Subsidiary is pledged to the Administrative Agent,
such Insurance Subsidiary shall be wholly-owned by a special purpose Wholly Owned Domestic
Subsidiary of the Borrower organized solely to hold such Equity Interests;

          (y) Investments in Health Choice required to be made under applicable laws, rules and
regulations or pursuant to contractual obligations of the Borrower or a Subsidiary with the
Arizona Health Care Cost Containment System as in effect on the Closing Date; and

          (z) Investments by the Borrower or any Restricted Subsidiary in Unrestricted
Subsidiaries in an aggregate amount at any time outstanding not to exceed $100,000,000.

          SECTION 7.03. Indebtedness. Create, incur, assume or suffer to exist any
Indebtedness, provided that the Borrower may incur Indebtedness and any Guarantor may incur
Indebtedness if (x) immediately before and after such incurrence, no Default shall have occurred
and be continuing and (y) the Senior Secured Leverage Ratio for the Test Period immediately
preceding such incurrence would be less than or equal to 3.00 to 1.00 (calculated on a Pro Forma
Basis (including a pro forma application of the net proceeds therefrom) as if such Indebtedness had
been incurred and the application of the proceeds therefrom had occurred on the first day of such
Test Period). The limitations set forth in the immediately preceding sentence shall not apply to
any of the following items:

          (a) Indebtedness of the Borrower and the Restricted Subsidiaries under the Loan
Documents;

          (b) (i) Indebtedness existing on the date hereof; provided that any Indebtedness that
is in excess of (x) $2,500,000 individually or (y) $12,500,000 in the aggregate (when taken
together with all other Indebtedness outstanding in reliance on this clause (b) that is not
set forth on Schedule 7.03(b)) shall only be permitted under this clause (b) to the
extent such Indebtedness is set forth on Schedule 7.03(b) and any Permitted
Refinancing thereof and (ii) intercompany Indebtedness outstanding on the date hereof;

          (c) Guarantees by the Borrower and the Restricted Subsidiaries in respect of
Indebtedness of the Borrower or any of the Restricted Subsidiaries otherwise permitted
hereunder (except that a Restricted Subsidiary that is not a Loan Party may not, by virtue

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of this Section 7.03(c), Guarantee Indebtedness that such Restricted Subsidiary could
not otherwise incur under this Section 7.03); provided that (A) no Guarantee by any
Restricted Subsidiary of the Senior Subordinated Notes or any other Junior Financing shall
be permitted unless such Restricted Subsidiary shall have also provided a Guarantee of the
Obligations substantially on the terms set forth in the Guaranty and (B) if the Indebtedness
being Guaranteed is subordinated to the Obligations, such Guarantee shall be subordinated to
the Guarantee of the Obligations on terms at least as favorable to the Lenders as those
contained in the subordination of such Indebtedness;

          (d) Indebtedness of the Borrower or any of the Restricted Subsidiaries owing to
Holdings, the Borrower or any other Restricted Subsidiary, and Guarantees, in each case to
the extent constituting an Investment permitted by Section 7.02;

          (e) (i) Attributable Indebtedness and other Indebtedness financing the acquisition,
construction, repair, replacement or improvement of fixed or capital assets; provided that
such Indebtedness is incurred not later than two hundred and seventy (270) days after
completion of the applicable acquisition, construction, repair, replacement or improvement,
(ii) Attributable Indebtedness arising out of sale-leaseback transactions permitted by
Section 7.05(f), (iii) Indebtedness arising under Capitalized Leases other than those in
effect on the date hereof or entered into pursuant to sub-clauses (i) and (ii) of this
clause (e); provided that the aggregate principal amount of Indebtedness at any time
outstanding pursuant to this sub-clause (iii) shall not exceed the greater of $30,000,000
and 1.5% of Total Assets, in each case determined as of the date of incurrence and (iv) any
Permitted Refinancing of any Indebtedness set forth in the immediately preceding clauses
(i), (ii) and (iii);

          (f) Indebtedness in respect of Swap Contracts designed to hedge against interest rates,
foreign exchange rates or commodities pricing risks and not for speculative purposes and
Guarantees thereof;

          (g) Indebtedness of the Borrower or any Restricted Subsidiary (i) assumed in connection
with any Permitted Acquisition or (ii) incurred to finance a Permitted Acquisition, in each
case, that is secured only by the assets or business acquired in the applicable Permitted
Acquisition (including any acquired Equity Interests) (and any Permitted Refinancing of the
foregoing) and so long as the aggregate principal amount of such Indebtedness and all
Indebtedness resulting from any Permitted Refinancing thereof at any time outstanding
pursuant to this paragraph (g) does not exceed the greater of $40,000,000 and 2.0% of Total
Assets, in each case determined as of the date of incurrence;

          (h) (i) Indebtedness of the Borrower or any Restricted Subsidiary (A) assumed in
connection with any Permitted Acquisition; provided that such Indebtedness is not incurred
in contemplation of such Permitted Acquisition, or (B) incurred to finance a Permitted
Acquisition and (ii) any Permitted Refinancing of the foregoing; provided, in each case that
such Indebtedness and all Indebtedness resulting from any Permitted

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Refinancing thereof (x) is unsecured or is subordinated to the Obligations on customary
terms and (y) both immediately prior and after giving effect thereto, (1) no Default shall
exist or result therefrom and (2) the Senior Secured Leverage Ratio (calculated on a Pro
Forma Basis, including giving Pro Forma Effect to the assumption or incurrence of such
Indebtedness) shall not be greater than 4.00 to 1.00; provided that a certificate of a
Responsible Officer delivered to the Administrative Agent at least five Business Days prior
to the incurrence of such Indebtedness, together with a reasonably detailed description of
the material terms and conditions of such Indebtedness or drafts of the documentation
relating thereto, stating that the Borrower has determined in good faith that such terms and
conditions satisfy the foregoing requirement shall be conclusive evidence that such terms
and conditions satisfy the foregoing requirement unless the Administrative Agent notifies
the Borrower within such five Business Day period that it disagrees with such determination
(including a reasonable description of the basis upon which it disagrees); provided further
that notwithstanding anything contained in the Loan Documents to the contrary, (a) the only
obligors with respect to any Indebtedness incurred pursuant to clause (A) of this paragraph
or any Permitted Refinancing of Indebtedness in respect thereof shall be those Persons who
were obligors with respect to such Indebtedness immediately prior to such Permitted
Acquisition and (b) Restricted Subsidiaries that are Non-Loan Parties may not incur
Indebtedness pursuant to this clause (h) in an aggregate principal amount at any time
outstanding in excess of the greater of $40,000,000 and 2.0% of Total Assets, in each case
determined as of the date of incurrence;

          (i) Indebtedness representing deferred compensation to employees of the Borrower and
its Subsidiaries incurred in the ordinary course of business;

          (j) Indebtedness to current or former officers, directors, managers, consultants and
employees, their respective estates, spouses or former spouses to finance the purchase or
redemption of Equity Interests of the Borrower (or any direct or indirect parent thereof)
permitted by Section 7.06;

          (k) Indebtedness incurred by the Borrower or any of the Restricted Subsidiaries in a
Permitted Acquisition, any other Investment expressly permitted hereunder or any
Disposition, in each case to the extent constituting indemnification obligations or
obligations in respect of purchase price (including earn-outs) or other similar adjustments;

          (l) Indebtedness consisting of obligations of the Borrower and the Restricted
Subsidiaries under deferred compensation or other similar arrangements incurred by such
Person in connection with any Permitted Acquisitions or any other Investment expressly
permitted hereunder;

          (m) Cash Management Obligations and other Indebtedness in respect of netting services,
automatic clearinghouse arrangements, overdraft protections, employee

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credit card programs and other cash management and similar arrangements in the ordinary
course of business and any Guarantees thereof;

          (n) Indebtedness in an aggregate principal amount not to exceed the greater of
$100,000,000 and 5.0% of Total Assets at any time outstanding, in each case determined as of
the date of incurrence;

          (o) Indebtedness consisting of (a) the financing of insurance premiums or (b)
take-or-pay obligations contained in supply arrangements, in each case, in the ordinary
course of business;

          (p) Indebtedness incurred by the Borrower or any of the Restricted Subsidiaries in
respect of letters of credit, bank guarantees, bankers’ acceptances, warehouse receipts or
similar instruments issued or created in the ordinary course of business or consistent with
past practice, including in respect of Health Choice medical claims liability, workers
compensation claims, health, disability or other employee benefits or property, casualty or
liability insurance or self-insurance or other Indebtedness with respect to
reimbursement-type obligations regarding workers compensation claims;

          (q) obligations in respect of performance, bid, appeal and surety bonds and performance
and completion guarantees and similar obligations provided by the Borrower or any of the
Restricted Subsidiaries, and obligations in respect of letters of credit, bank guarantees or
similar instruments related thereto, in each case in the ordinary course of business or
consistent with past practice;

          (r) Indebtedness incurred by a Securitization Subsidiary in a Qualified Securitization
Financing that is not recourse (except for Standard Securitization Undertakings) to the
Borrower or any of the Restricted Subsidiaries;

          (s) Indebtedness supported by a Letter of Credit, in a principal amount not to exceed
the face amount of such Letter of Credit;

          (t) Indebtedness in respect of the Senior Subordinated Notes (including any guarantees
thereof), the exchange notes and the related exchange guarantees to be issued in exchange
for the Senior Subordinated Notes pursuant to the registration rights agreement entered into
in connection with the issuance of the Senior Subordinated Notes and any Permitted
Refinancing thereof;

          (u) all premiums (if any), interest (including post-petition interest), fees, expenses,
charges and additional or contingent interest on obligations described in clauses (a)
through (t) above and (v) through (x) below;

          (v) Guarantees incurred in the ordinary course of business in respect of obligations to
suppliers, customers, franchisees, lessors and licensees;

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          (w) Indebtedness incurred in the ordinary course of business in respect of obligations
of the Borrower or any Restricted Subsidiary to pay the deferred purchase price of goods or
services or progress payments in connection with such goods and services; and

          (x) Indebtedness in respect of (i) Permitted Subordinated Notes to the extent the Net
Cash Proceeds therefrom are, except as set forth in Section 7.12(a), immediately after the
receipt thereof, offered to prepay the Term Loans in accordance with Section 2.05(b) and
(ii) any Permitted Refinancing of the foregoing.

          For purposes of determining compliance with this Section 7.03, in the event that an item of
Indebtedness meets the criteria of more than one of the categories of Indebtedness described in
clauses (b) through (x) (other than clause (t)) above, the Borrower shall, in its sole discretion,
classify and reclassify or later divide, classify or reclassify such item of Indebtedness (or any
portion thereof) and will only be required to include the amount and type of such Indebtedness in
one or more of the above clauses; provided that (i) all Indebtedness outstanding under the Loan
Documents will be deemed to have been incurred on such date in reliance only on the exception in
clause (a) of Section 7.03 and (ii) all Indebtedness outstanding under the Senior Subordinated
Notes will be deemed to have been incurred on such date in reliance only on the exception of clause
(t) of Section 7.03.

          In addition, and notwithstanding any provision to the contrary set forth in this Section 7.03
or otherwise in this Agreement, the aggregate outstanding principal amount of all Indebtedness
(other than Indebtedness owed to the Borrower or any other Restricted Subsidiary) incurred by all
Restricted Subsidiaries of the Borrower that are not Guarantors (including, without limitation, all
Pledgors and Permitted JVs) shall not exceed $100,000,000 at any time outstanding.

          The accrual of interest, the accretion of accreted value and the payment of interest in the
form of additional Indebtedness shall not be deemed to be an incurrence of Indebtedness for
purposes of this Section 7.03.

          SECTION 7.04. Fundamental Changes. Merge, dissolve, liquidate, consolidate with or
into another Person, or Dispose of (whether in one transaction or in a series of transactions) all
or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any
Person, except that:

          (a) the Borrower may merge or consolidate with any Restricted Subsidiary (including a
merger, the purpose of which is to reorganize the Borrower into a new jurisdiction);
provided that (x) the Borrower shall be the continuing or surviving Person and (y) such
merger or consolidation does not result in the Borrower ceasing to be incorporated under the
Laws of the United States, any state thereof or the District of Columbia;

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          (b) (i) any Restricted Subsidiary that is not a Loan Party may merge or consolidate
with or into any other Subsidiary of the Borrower that is not a Loan Party and (ii) any
Restricted Subsidiary may liquidate or dissolve or change its legal form if the Borrower
determines in good faith that such action is in the best interests of the Borrower and its
Subsidiaries and if not materially disadvantageous to the Lenders;

          (c) any Restricted Subsidiary may Dispose of all or substantially all of its assets
(upon voluntary liquidation or otherwise) to the Borrower or another Restricted Subsidiary;
provided that if the transferor in such a transaction is a Loan Party, then (i) the
transferee must be a Loan Party or (ii) to the extent constituting an Investment or giving
rise to the incurrence of Indebtedness, such Investment must be a permitted Investment in or
such Indebtedness must be Indebtedness of a Restricted Subsidiary which is not a Loan Party
in accordance with Sections 7.02 and 7.03, respectively;

          (d) so long as no Default exists or would result therefrom, the Borrower may merge with
any other Person; provided that (i) the Borrower shall be the continuing or surviving
corporation or (ii) if the Person formed by or surviving any such merger or consolidation is
not the Borrower (any such Person, the “Successor Borrower”), (A) the Successor Borrower
shall be an entity organized or existing under the laws of the United States, any state
thereof, the District of Columbia or any territory thereof, (B) the Successor Borrower shall
expressly assume all the obligations of the Borrower under this Agreement and the other Loan
Documents to which the Borrower is a party pursuant to a supplement hereto or thereto in
form reasonably satisfactory to the Administrative Agent, (C) each Guarantor, unless it is
the other party to such merger or consolidation, shall have by a supplement to the Guaranty
confirmed that its Guarantee shall apply to the Successor Borrower’s obligations under this
Agreement, (D) each Loan Party, unless it is the other party to such merger or
consolidation, shall have by a supplement to the Security Agreement confirmed that its
obligations thereunder shall apply to the Successor Borrower’s obligations under this
Agreement, (E) each mortgagor of a Mortgaged Property, unless it is the other party to such
merger or consolidation, shall have by an amendment to or restatement of the applicable
Mortgage (or other instrument reasonably satisfactory to the Administrative Agent) confirmed
that its obligations thereunder shall apply to the Successor Borrower’s obligations under
this Agreement, and (F) the Borrower shall have delivered to the Administrative Agent an
officer’s certificate and an opinion of counsel, each stating that such merger or
consolidation and such supplement to this Agreement or any Collateral Document comply with
this Agreement; provided, further, that if the foregoing are satisfied, the Successor
Borrower will succeed to, and be substituted for, the Borrower under this Agreement;

          (e) so long as no Default exists or would result therefrom, any Restricted Subsidiary
may merge or consolidate with any other Person (i) in order to effect an Investment
permitted pursuant to Section 7.02 or (ii) for any other purpose; provided that (A) the
continuing or surviving Person shall be the Borrower or a Restricted Subsidiary, which
together with each of its Restricted Subsidiaries, shall have complied with the

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applicable requirements of Section 6.11; and (B) in the case of subclause (ii) only, if
(1) the merger or consolidation involves a Guarantor or a Pledgor and such Guarantor or
Pledgor is not the surviving Person, the surviving Restricted Subsidiary shall expressly
assume all the obligations of such Guarantor under this Agreement and the other Loan
Documents to which the Guarantor is a party pursuant to a supplement hereto or thereto in
form reasonably satisfactory to the Administrative Agent and (2) the Senior Secured Leverage
Ratio for the Test Period immediately preceding such merger or consolidation is less than or
equal to 4.00 to 1.00 (calculated on a Pro Forma Basis); and

          (f) so long as no Default exists or would result therefrom, a merger, dissolution,
liquidation, consolidation or Disposition, the purpose of which is to effect a Disposition
permitted pursuant to Section 7.05.

          SECTION 7.05. Dispositions. Make any Disposition or enter into any agreement to make
any Disposition, except:

          (a) Dispositions of obsolete, worn out, used or surplus property, whether now owned or
hereafter acquired, in the ordinary course of business and Dispositions of property no
longer used or useful in the conduct of the business of the Borrower and the Restricted
Subsidiaries;

          (b) Dispositions of inventory and goods held for sale in the ordinary course of
business and Dispositions of immaterial assets (including a failure to pursue or allowing
any registrations or any applications for registration of any IP Rights to lapse or go
abandoned in the ordinary course of business if, in the Borrower’s reasonable opinion, such
failure to pursue, lapse or abandonment is desirable in the conduct of business of the
Borrower or such Restricted Subsidiary);

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

          (d) Dispositions of property to Holdings, the Borrower or a Restricted Subsidiary;
provided that if the transferor of such property is a Loan Party (i) the transferee thereof
must be a Loan Party or (ii) to the extent such transaction constitutes an Investment, such
transaction is permitted under Section 7.02;

          (e) Dispositions permitted by Sections 7.02, 7.04 and 7.06 and Liens permitted by
Section 7.01;

          (f) Dispositions of property pursuant to sale-leaseback transactions; provided that the
fair market value of all property so Disposed of after the Closing Date (taken together with
the aggregate book value of all property Disposed of pursuant to

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Section 7.05(j) and Section 7.05(r)(ii)(B)) shall not exceed the greater of
$500,000,000 and 25.0% of Total Assets, in each case determined as of the date of
Disposition;

          (g) Dispositions of Cash Equivalents and Investment Grade Securities;

          (h) leases, subleases, licenses or sublicenses (including the provision of software
under an open source license) with respect to real or personal property, in each case in the
ordinary course of business and which do not materially interfere with the business of the
Borrower and the Restricted Subsidiaries, taken as a whole;

          (i) transfers of property subject to Casualty Events upon receipt of the Net Cash
Proceeds of such Casualty Event;

          (j) Dispositions of property not otherwise permitted under this Section 7.05; provided
that (i) at the time of such Disposition (other than any such Disposition made pursuant to a
legally binding commitment entered into at a time when no Default exists), no Default shall
exist or would result from such Disposition; (ii) the aggregate book value of all property
Disposed of in reliance on this clause (j) (taken together with the aggregate fair market
value of all property Disposed of pursuant to Section 7.05(f) and Section 7.05(r)(ii)(B))
shall not exceed the greater of $500,000,000 and 25.0% of Total Assets, in each case
determined as of the date of Disposition, without the consent of the Required Lenders; (iii)
with respect to any Disposition pursuant to this clause (j) for a purchase price in excess
of $20,000,000, the Borrower or any of the Restricted Subsidiaries shall receive not less
than 75% of such consideration in the form of cash or Cash Equivalents (in each case, free
and clear of all Liens at the time received, other than nonconsensual Liens permitted by
Section 7.01 and Liens permitted by Section 7.01(a), Section 7.01(l) and clauses (i) and
(ii) of Section 7.01(r)); provided, however, that for the purposes of this clause (ii), (A)
any liabilities (as shown on the Borrower’s or such Restricted Subsidiary’s most recent
balance sheet provided hereunder or in the footnotes thereto) of the Borrower or such
Restricted Subsidiary, other than liabilities that are by their terms subordinated to the
payment in cash of the Obligations, that are assumed by the transferee with respect to the
applicable Disposition and for which the Borrower and all of the Restricted Subsidiaries
shall have been validly released by all applicable creditors in writing, (B) any
consideration received by the Borrower or such Restricted Subsidiary from such transferee
that is converted by the Borrower or such Restricted Subsidiary into cash (to the extent of
the cash received) within 180 days following the closing of the applicable Disposition and
(C) any Designated Non-Cash Consideration received in respect of such Disposition having an
aggregate fair market value, taken together with all other Designated Non-Cash Consideration
received pursuant to this clause (C) that is at that time outstanding, not in excess of the
greater of $30,000,000 and 1.5% of Total Assets at the time of the receipt of such
Designated Non-Cash Consideration, with the fair market value of each item of Designated
Non-Cash Consideration being measured at the time received and without giving effect to
subsequent changes in value, shall be deemed to be cash;

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          (k) Dispositions of Investments in joint ventures to the extent required by, or made
pursuant to, customary buy/sell arrangements between the joint venture parties set forth in
the joint venture arrangements and similar binding arrangements;

          (l) Dispositions of accounts receivable in connection with the collection or compromise
thereof;

          (m) any issuance or sale of Equity Interests in, or Indebtedness or other securities
of, an Unrestricted Subsidiary;

          (n) to the extent allowable under Section 1031 of the Code (or comparable or successor
provision), any exchange of like property (excluding any boot thereon permitted by such
provision) for use in any business conducted by the Borrower or any of its Restricted
Subsidiaries that is not in contravention of Section 7.07; provided that (i) each such
Disposition shall be for an amount at least equal to the fair market value thereof and (ii)
any Net Cash Proceeds received in connection therewith are applied to repay the loans to the
extent required under Section 2.05(b)(ii);

          (o) the unwinding of any Swap Contract;

          (p) any Disposition of Securitization Assets to a Securitization Subsidiary;

          (q) Hospital Swaps by the Borrower or any of its Restricted Subsidiaries with any
Person that is not the Borrower or any of its Restricted Subsidiaries (any such Hospital
Swap being herein referred to as a “Permitted Hospital Swap”), provided that:

          (A) if the Borrower or such Restricted Subsidiary gives one or more
Hospitals in such Hospital Swap, such Person shall receive one or more
Hospitals (in addition to any permitted cash consideration as provided
below) in return;

          (B) the Borrower shall have delivered to the Administrative Agent a
certificate of an Responsible Officer, in detail reasonably satisfactory to
the Administrative Agent, demonstrating that upon giving effect to any such
Hospital Swap on a Pro Forma Basis, the Borrower’s Consolidated EBITDA will
be not less than 85% of its Consolidated EBITDA prior to such Hospital Swap;

          (C) such Hospital Swap shall not involve an exchange of Property (by
the Borrower or such Restricted Subsidiary) that is not in the HMO Business
for Property (of a third party) solely in the HMO Business or an exchange
for Property (of a third party) that is not in a Permitted Business;

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          (D) if the Borrower or such Restricted Subsidiary receives any cash
consideration in connection with such Hospital Swap, such cash consideration
shall not exceed 20% of the sum of the amount of such cash consideration and
the fair market value of the Equity Interests or Property received by such
Person in such Hospital Swap, unless the portion of such cash consideration
which exceeds such 20% threshold is treated as proceeds of an Asset Sale;

          (E) if the Borrower or such Restricted Subsidiary gives any cash
consideration in connection with such Hospital Swap, such cash consideration
shall not exceed 20% of the sum of the amount of such cash consideration and
the fair market value of Equity Interests or Property given by such Company
in such Hospital Swap, unless such transaction would also satisfies the
requirements of a Permitted Acquisition;

          (F) subject to the proviso at the end of this clause (q) and to the
extent required by the Collateral and Guarantee Requirement and the
Collateral Documents, the property, assets and businesses acquired in such
purchase or other acquisition shall constitute Collateral and any such newly
created or acquired Wholly Owned Material Subsidiary (and, to the extent
required under the Collateral and Guarantee Requirement, the Wholly Owned
Material Subsidiaries of such created or acquired Subsidiary) shall be
Guarantors and shall have complied with the requirements of Section 6.11,
within the times specified therein (for the avoidance of doubt, this clause
(F) shall not override any provisions of the Collateral and Guarantee
Requirement);

          (G) subject to the proviso at the end of this clause (q), with respect
to any Hospital Swap involving an exchange of Property (by the Borrower or
such Restricted Subsidiary) that is not in the HMO Business for Property (of
a third party) that is an “integrated system” including operations involved
in the HMO Business, any Wholly Owned Subsidiary that is formed to effect,
or is acquired pursuant to, any such exchange shall be a Guarantor and shall
have complied with the requirements of Section 6.11; and

          (H) the Borrower and the Restricted Subsidiaries shall not be permitted
to exchange, in the aggregate for all such Hospital Swaps, more than five
(5) Hospitals;

provided, however, and notwithstanding any provision to the contrary in the
foregoing clause (F) or clause (G) above, the Borrower may elect to designate any Restricted
Subsidiary that is formed to effect, or is acquired pursuant to, a Permitted Hospital Swap
as an Unrestricted Subsidiary and, if it so designates such Subsidiary, shall be deemed to
have made an Investment in an amount equal to the fair market value of the Equity

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Interests or Property (plus any applicable cash consideration paid and minus
any applicable cash consideration received) given by the Borrower or the applicable
Restricted Subsidiary in such Hospital Swap with respect to such Unrestricted Subsidiary
pursuant to any of (as available and at the election of the Borrower) Section 7.02(d)(v),
(n) or (z); and

          (r) the Borrower and its Restricted Subsidiaries may sell (including by the issuance of
Equity Interests by the affected Subsidiary) Equity Interests in any of the Subsidiaries of
the Borrower to Hospital Investment Program Participants in connection with the Hospital
Investment Program so long as (i) such sale or issuance is effected in accordance with the
definition of Hospital Investment Program and (ii)(A) the Net Cash Proceeds of such sale or
issuance are applied to fund Capital Expenditures of such Subsidiary or (B) to the extent
not so applied, the aggregate Net Cash Proceeds of all Equity Interests sold or issued in
reliance on this clause (r)(ii)(B) (taken together with the aggregate fair market value of
all property Disposed of pursuant to Section 7.05(f) and Section 7.05(j)) shall not exceed
the greater of $500,000,000 and 25.0% of Total Assets, in each case determined as of the
date of such sale or issuance;

provided that any Disposition of any property pursuant to this Section 7.05 (except pursuant to
Section 7.05(e), Section 7.05(i) and Section 7.05(l) and except for Dispositions from the Borrower
or a Restricted Subsidiary to a Loan Party), shall be for no less than the fair market value of
such property at the time of such Disposition. To the extent any Collateral is Disposed of as
expressly permitted by this Section 7.05 to any Person other than the Borrower or a Restricted
Subsidiary, such Collateral shall be sold free and clear of the Liens created by the Loan
Documents, and, if requested by the Administrative Agent, upon the certification by the Borrower
that such Disposition is permitted by this Agreement, the Administrative Agent shall be authorized
to take any actions deemed appropriate in order to effect the foregoing.

          SECTION 7.06. Restricted Payments. Declare or make, directly or indirectly, any
Restricted Payment, except:

          (a) each Restricted Subsidiary may make Restricted Payments to the Borrower and to the
other Restricted Subsidiaries (and, in the case of a Restricted Payment by a non-Wholly
Owned Restricted Subsidiary, to the Borrower and any of the other Restricted Subsidiaries
and to each other owner of Equity Interests of such Restricted Subsidiary based on their
relative ownership interests of the relevant class of Equity Interests);

          (b) (i) the Borrower may redeem in whole or in part any of its Equity Interests for
another class of Equity Interests or rights to acquire its Equity Interests or with proceeds
from substantially concurrent equity contributions or issuances of new Equity Interests,
provided that any terms and provisions material to the interests of the Lenders,
when taken as a whole, contained in such new Equity Interests are at least as advantageous
to the Lenders as those contained in the Equity Interests redeemed thereby and (ii) the
Borrower and each of its Restricted Subsidiaries may declare and make

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dividend payments or other distributions payable solely in the Equity Interests (other
than Disqualified Equity Interests not otherwise permitted by Section 7.03) of such Person;
provided that after giving effect to any action pursuant to clause (i) and (ii) above, the
same percentage of the outstanding and issued Equity Interests of the Borrower or the
respective Restricted Subsidiary are pledged pursuant to the Collateral Documents as were so
pledged immediately prior thereto;

          (c) so long as no Event of Default or payment Default shall have occurred and be
continuing or would result therefrom, the Borrower and the Restricted Subsidiaries may
repurchase or redeem (i) Equity Interests of Subsidiaries sold or issued in connection with
the Hospital Investment Program and (ii) Investments in joint ventures to the extent
required by, or made pursuant to, customary buy/sell arrangements between the joint venture
parties set forth in the joint venture arrangements and similar binding arrangements;

          (d) to the extent constituting Restricted Payments, the Borrower and the Restricted
Subsidiaries may enter into and consummate transactions expressly permitted by any provision
of Section 7.02, 7.03, 7.04, 7.05 or 7.08;

          (e) repurchases of Equity Interests in Holdings, the Borrower or any of the Restricted
Subsidiaries deemed to occur upon exercise of stock options or warrants if such Equity
Interests represent a portion of the exercise price of such options or warrants;

          (f) so long as no Event of Default has occurred and is continuing at such time, the
Borrower may pay (or make Restricted Payments to allow any direct or indirect parent thereof
to pay) for the repurchase, retirement or other acquisition or retirement for value of
Equity Interests of the Borrower (or of any such direct or indirect parent of the Borrower)
by any future, present or former employee, director, consultant or distributor (or any
spouses, former spouses, successors, executors, administrators, heirs, legatees or
distributees of any of the foregoing) of the Borrower (or any direct or indirect parent of
the Borrower) or any of its Subsidiaries upon the death, disability, retirement or
termination of employment of any such Person or otherwise pursuant to any employee or
director equity plan, employee or director stock option plan or any other employee or
director benefit plan or any agreement (including any stock subscription or shareholder
agreement) with any employee, director, consultant or distributor of the Borrower (or any
direct or indirect parent of the Borrower) or any of its Subsidiaries;

          (g) the Borrower may make Restricted Payments to Holdings or to any direct or indirect
parent of Holdings:

          (i) the proceeds of which will be used to pay (or to make Restricted Payments
to allow any direct or indirect parent of Holdings to pay) the tax liability to each
foreign, federal, state or local jurisdiction in respect of consolidated, combined,
unitary or affiliated returns for such jurisdiction of

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 Holdings (or such direct or indirect parent) attributable to the Borrower or
its Subsidiaries determined as if the Borrower and its Subsidiaries filed
separately;

          (ii) the proceeds of which shall be used to pay (or to make Restricted Payments
to allow any direct or indirect parent of Holdings to pay) operating costs and
expenses incurred in the ordinary course of business, and other corporate overhead
costs and expenses (including administrative, legal, accounting and similar expenses
incurred to third parties) that are reasonable and customary and incurred in the
ordinary course of business, attributable to the ownership or operations of the
Borrower and its Subsidiaries;

          (iii) the proceeds of which shall be used to pay (or to make Restricted
Payments to allow any direct or indirect parent of Holdings to pay) franchise and
excise taxes and other fees, taxes and expenses required to maintain its (or any of
its direct or indirect parents’) corporate existence;

          (iv) to finance any Investment permitted to be made pursuant to Section 7.02;
provided that (A) such Restricted Payment shall be made substantially concurrently
with the closing of such Investment and (B) the Borrower shall, immediately
following the closing thereof, cause (1) all property acquired (whether assets or
Equity Interests) to be contributed to the Borrower or a Restricted Subsidiary or
(2) the merger (to the extent permitted in Section 7.04) of the Person formed or
acquired into the Borrower or a Restricted Subsidiary in order to consummate such
Permitted Acquisition, in each case, in accordance with the requirements of Section
6.11;

          (v) the proceeds of which shall be used to pay costs, fees and expenses (other
than to Affiliates) related to any equity or debt offering permitted by this
Agreement (whether or not successful); and

          (vi) the proceeds of which shall be used to pay (or to make Restricted Payments
to allow any direct or indirect parent of Holdings to pay) customary salary, bonus
and other benefits payable to officers and employees of Holdings or any direct or
indirect parent company of Holdings to the extent such salaries, bonuses and other
benefits are attributable to the ownership or operation of the Borrower and the
Restricted Subsidiaries;

          (h) the Borrower or any of the Restricted Subsidiaries may (a) pay cash in lieu of
fractional Equity Interests in connection with any dividend, split or combination thereof or
any Permitted Acquisition and (b) honor any conversion request by a holder of convertible
Indebtedness and make cash payments in lieu of fractional shares in connection with any such
conversion and may make payments on convertible Indebtedness in accordance with its terms;

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          (i) so long as no Event of Default under Section 8.01(a) or Section 8.01(f) has
occurred and is continuing at such time, the payment of any dividend or distribution within
60 days after the date of declaration thereof, if at the date of declaration (i) such
payment would have complied with the provisions of this Agreement and (ii) no Event of
Default had occurred and was continuing;

          (j) the declaration and payment of dividends on the Borrower’s common stock following
the first public offering of the Borrower’s common stock or the common stock of any of its
direct or indirect parents after the Closing Date, of up to 6% per annum of the net proceeds
received by or contributed to the Borrower in or from any such public offering, other than
public offerings with respect to the Borrower’s common stock registered on Form S-4 or Form
S-8;

          (k) payments made or expected to be made by the Borrower or any of the Restricted
Subsidiaries in respect of withholding or similar Taxes payable by any future, present or
former employee, director, manager or consultant (or any spouses, former spouses,
successors, executors, administrators, heirs, legatees or distributees of any of the
foregoing) and any repurchases of Equity Interests in consideration of such payments
including deemed repurchases in connection with the exercise of stock options;

          (l) in addition to the foregoing Restricted Payments and so long as no Default shall
have occurred and be continuing or would result therefrom, the Borrower may make additional
Restricted Payments in an aggregate amount, together with the aggregate amount of loans and
advances to Holdings or any direct or indirect parent of Holdings made pursuant to Section
7.02(m)(iii) in lieu of Restricted Payments permitted by this clause (l), not to exceed the
Available Amount at such time; and

          (m) so long as no Event of Default or payment Default shall have occurred and be
continuing or would result therefrom, the Borrower may make Restricted Payments to Holdings
(i) in respect of the Holdings Loans, on or after the fifth anniversary of the Closing Date
and (ii) with respect to any Qualified Holding Company Debt issued after the Closing Date,
on or after the fifth anniversary of the applicable issuance date thereof, in each case so
long as the proceeds thereof are promptly applied to fund AHYDO “catch-up” payments on the
Holdings Loans or any such Qualified Holding Company Debt or any cash interest payments
payable thereafter.

          SECTION 7.07. Change in Nature of Business. Engage in any material line of business
substantially different from those lines of business conducted by Holdings, the Borrower and the
Restricted Subsidiaries on the Closing Date or any business reasonably related or ancillary
thereto.

          SECTION 7.08. Transactions with Affiliates. Enter into any transaction of any kind
with any Affiliate of the Borrower, whether or not in the ordinary course of business, other than:

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          (a) transactions between or among Holdings, the Borrower or any of the Restricted
Subsidiaries or any entity that becomes a Restricted Subsidiary as a result of such
transaction,

          (b) transactions on terms substantially as favorable to the Borrower or such Restricted
Subsidiary as would be obtainable by the Borrower or such Restricted Subsidiary at the time
in a comparable arm’s-length transaction with a Person other than an Affiliate,

          (c) the Transaction and the payment of fees and expenses related to the Transaction,

          (d) the payment of management and monitoring fees to the Sponsors in an aggregate
amount in any fiscal year not to exceed the amount permitted to be paid pursuant to the
Sponsor Management Agreement as in effect on the date hereof and any Sponsor Termination
Fees not to exceed the amount set forth in the Sponsor Management Agreement as in effect on
the date hereof and related indemnities and reasonable expenses,

          (e) Investments permitted under Section 7.02,

          (f) loans, advances and other transactions between or among the Borrower and one or
more of its Subsidiaries or any joint venture (regardless of the form of legal entity) in
which the Borrower or any Subsidiary has invested (and which Subsidiary or joint venture
would not be an Affiliate of the Borrower or a Restricted Subsidiary but for such
investment) to the extent permitted by this Article VII,

          (g) employment and severance arrangements between the Borrower and the Restricted
Subsidiaries and their respective officers and employees in the ordinary course of business
and transactions pursuant to stock option plans and employee benefit plans and arrangements,

          (h) payments by the Borrower (and any direct or indirect parent thereof) and the
Restricted Subsidiaries pursuant to tax sharing agreements among the Borrower (and any such
direct or indirect parent thereof) and the Restricted Subsidiaries on customary terms to the
extent attributable to the ownership or operation of the Borrower and the Restricted
Subsidiaries,

          (i) the payment of customary fees and reasonable out-of-pocket costs to, and
indemnities provided on behalf of, directors, officers, employees and consultants of the
Borrower and the Restricted Subsidiaries or any direct or indirect parent of the Borrower in
the ordinary course of business to the extent attributable to the ownership or operation of
the Borrower and the Restricted Subsidiaries,

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          (j) any agreement, instrument or arrangement as in effect as of the Closing Date and
involving aggregate consideration in excess of $2,500,000 individually or $12,500,000 in the
aggregate, set forth on Schedule 7.08, or any amendment thereto (so long as any such
amendment is not disadvantageous to the Lenders when taken as a whole in any material
respect as compared to the applicable agreement as in effect on the Closing Date as
reasonably determined in good faith by the Borrower),

          (k) Restricted Payments permitted under Section 7.06,

          (l) customary payments by the Borrower and any of the Restricted Subsidiaries to the
Sponsors made for any financial advisory, financing, underwriting or placement services or
in respect of other investment banking activities (including in connection with acquisitions
or divestitures),

          (m) transactions in which the Borrower or any of the Restricted Subsidiaries, as the
case may be, delivers to the Administrative Agent a letter from an Independent Financial
Advisor stating that such transaction is fair to the Borrower or such Restricted Subsidiary
from a financial point of view or meets the requirements of clause (b) of this Section 7.08,

          (n) transactions with customers, clients, suppliers, or purchasers or sellers of goods
or services, in each case in the ordinary course of business and otherwise in compliance
with the terms of this Agreement, that are fair to the Borrower and the Restricted
Subsidiaries, in the reasonable determination of the Board of Directors or the senior
management of the Borrower, or are on terms at least as favorable as might reasonably have
been obtained at such time from an unaffiliated party,

          (o) the issuance or transfer of Equity Interests (other than Disqualified Equity
Interests) of Holdings to any Permitted Holder or to any former, current or future director,
manager, officer, employee or consultant (or any spouses, former spouses, successors,
executors, administrators, heirs, legatees or distributees of any of the foregoing) of the
Borrower, any of its Subsidiaries or any direct or indirect parent thereof,

          (p) investments by the Sponsors in securities of the Borrower or any of the Restricted
Subsidiaries so long as (A) the investment is being offered generally to other investors on
the same or more favorable terms and (B) the investment constitutes less than 5.0% of the
proposed or outstanding issue amount of such class of securities,

          (q) payments to or from, and transactions with, any joint venture in the ordinary
course of business,

          (r) any Disposition of Securitization Assets or related assets in connection with any
Qualified Securitization Financing, and

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          (s)payments of premiums to the Insurance Subsidiary and other transactions with the Insurance Subsidiary reasonably related to its business.

          SECTION 7.09. Burdensome Agreements. Enter into or permit to exist any Contractual Obligation (other than this Agreement or any other Loan Document) that limits the ability of (a) any Restricted Subsidiary that is not a Loan Party to make Restricted Payments to any Loan Party or (b) any Loan Party to create, incur, assume or suffer to exist Liens on property of such Person for the
 benefit of the Lenders with respect to the Facilities and the Obligations or under the Loan Documents; provided that the foregoing clauses (a) and (b) shall not apply to Contractual Obligations that:

          (i)(x) exist on the date hereof and (to the extent not otherwise permitted by this Section 7.09) are listed on Schedule 7.09 hereto and (y) to the extent Contractual Obligations permitted by clause (x) are set forth in an agreement evidencing Indebtedness, are set forth in any agreement evidencing any permitted modification, replacement, renewal, extensi
on or refinancing of such Indebtedness so long as such modification, replacement, renewal, extension or refinancing does not expand the scope of such Contractual Obligation with respect to matters subject to this Section 7.09,

          (ii)are binding on a Restricted Subsidiary at the time such Restricted Subsidiary first becomes a Restricted Subsidiary, so long as such Contractual Obligations were not entered into in contemplation of such Person becoming a Restricted Subsidiary; provided further that this clause (ii) shall not apply to Contractual Obligations that are binding on a Person that
 becomes a Restricted Subsidiary pursuant to Section 6.14,

          (iii)represent Indebtedness of a Restricted Subsidiary that is not a Loan Party that is permitted by Section 7.03,

          (iv)arise in connection with any Lien permitted by Section 7.01(s) or any Disposition permitted by Section 7.05,

          (v)are customary provisions in joint venture agreements and other similar agreements applicable to joint ventures permitted under Section 7.02 and applicable solely to such joint venture entered into in the ordinary course of business,

          (vi)are negative pledges and restrictions on Liens in favor of any holder of Indebtedness permitted under Section 7.03 but solely to the extent any negative pledge relates to the property financed by or the subject of such Indebtedness (and excluding in any event any Indebtedness constituting any Junior Financing) and the proceeds and products thereof,

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          (vii) are customary restrictions on leases, subleases, licenses or asset sale
agreements otherwise permitted hereby so long as such restrictions relate to the
assets subject thereto,

          (viii) comprise restrictions imposed by any agreement relating to secured
Indebtedness permitted pursuant to Section 7.03(e), 7.03(g), 7.03(h), 7.03(n),
7.03(r), 7.03(t) or 7.03(u) to the extent that such restrictions apply only to the
property or assets securing such Indebtedness or, in the case of Indebtedness
incurred pursuant to Section 7.03(g) or 7.03(h) only, to the Restricted Subsidiaries
incurring or guaranteeing such Indebtedness,

          (ix) are customary provisions restricting subletting or assignment of any lease
governing a leasehold interest of any Restricted Subsidiary,

          (x) are customary provisions restricting assignment of any agreement entered
into in the ordinary course of business,

          (xi) are restrictions on cash or other deposits imposed by customers under
contracts entered into in the ordinary course of business,

          (xii) are contained in the Senior Subordinated Notes Indenture, or

          (xiii) are permitted under Section 7.01 in connection with cash or other
deposits.

     SECTION 7.10. Use of Proceeds. Use the proceeds of any Credit Extension, whether
directly or indirectly, in a manner inconsistent with the uses set forth in the preliminary
statements to this Agreement.

     SECTION 7.11. Accounting Changes. Make any change in fiscal year except upon written
notice to the Administrative Agent, in which case, the Borrower and the Administrative Agent will,
and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are
necessary to reflect such change in fiscal year.

     SECTION 7.12. Prepayments, Etc. of Indebtedness.

     (a) Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity
thereof in any manner (it being understood that payments of regularly scheduled principal, interest
and mandatory prepayments shall be permitted) the Senior Subordinated Notes or any Permitted
Subordinated Notes (collectively, “Junior Financing”) or make any payment in violation of any
subordination terms of any Junior Financing Documentation, except (i) the refinancing thereof with
the Net Cash Proceeds of any Permitted Refinancing, to the extent not required to prepay any Term
Loans pursuant to Section 2.05(b) or the prepayment thereof with Declined Retained Proceeds, (ii)
the conversion of any Junior Financing to Equity Interests (other than Disqualified Equity
Interests) of the Borrower or any of

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its direct or indirect parents, (iii) the prepayment of Indebtedness of the Borrower or any
Restricted Subsidiary owed to Holdings, the Borrower or a Restricted Subsidiary or the prepayment
of any Permitted Subordinated Notes issued by the Borrower or any Restricted Subsidiary to
Holdings, the Borrower or any Restricted Subsidiary and the prepayment of any Junior Financing with
the proceeds of any other Junior Financing, (iv) so long as no Event of Default shall have occurred
and be continuing or would result therefrom, prepayments, redemptions, purchases, defeasances and
other payments in respect of Junior Financing prior to scheduled maturity in an aggregate amount
not to exceed the Available Amount at such time and (v) any prepayment, redemption, purchase or
defeasance if the Senior Secured Leverage Ratio (after giving effect to such prepayment,
redemption, purchase or defeasance on a Pro Forma Basis) is not greater than 1.75 to 1.00.

     (b) Amend, modify or change in any manner materially adverse to the interests of the Lenders
any term or condition of any Junior Financing Documentation or the Senior Subordinated Notes
Indenture without the consent of the Arrangers.

     SECTION 7.13. Equity Interests of Certain Restricted Subsidiaries. Permit any
Domestic Subsidiary that is a Wholly Owned Restricted Subsidiary to become a non-Wholly Owned
Subsidiary, except (i) to the extent such Restricted Subsidiary continues to be a Guarantor or
becomes a Pledgor hereunder, (ii) in connection with a Disposition of all or substantially all of
the assets or all of the Equity Interests of such Restricted Subsidiary permitted by Section 7.05,
(iii) as a result of the designation of such Restricted Subsidiary as an Unrestricted Subsidiary
pursuant to Section 6.14, (iv) as a result of an Investment in any Person permitted under Section
7.02 or (v) dispositions of Equity Interests in such Restricted Subsidiary permitted by Section
7.05.

     SECTION 7.14. Holdings. In the case of Holdings, conduct, transact or otherwise
engage in any business or operations other than those incidental to (i) its ownership of the Equity
Interests of the Borrower, (ii) the maintenance of its legal existence (including the ability to
incur fees, costs and expenses relating to such maintenance), (iii) the performance of its
obligations with respect to the Loan Documents, the Holdings Loans, the Senior Subordinated Notes,
any Permitted Subordinated Notes or any Qualified Holding Company Debt, (iv) any public offering of
its common stock or any other issuance of its Equity Interests or any transaction permitted under
Section 7.04, (v) financing activities, including the issuance of securities, incurrence of debt,
payment of dividends, making contributions to the capital of its Subsidiaries and guaranteeing the
obligations of its Subsidiaries, (vi) participating in tax, accounting and other administrative
matters as a member of the consolidated group of Holdings and the Borrower, (vii) holding any cash
or property received in connection with Restricted Payments made by the Borrower in accordance with
Section 7.06 pending application thereof by Holdings, (viii) providing indemnification to officers
and directors and (ix) conducting, transacting or otherwise engaging in any business or operations
of the type it conducts, transacts or engages in on the Closing Date.

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ARTICLE VIII

Events of Default and Remedies

              SECTION 8.01. Events of Default. Each of the events referred to in clauses (a)
through (k) of this Section 8.01 shall constitute an “Event of Default”:

          (a) Non-Payment. The Borrower fails to pay (i) when and as required to be paid herein,
any amount of principal of any Loan, or (ii) within five (5) Business Days after the same
becomes due, any interest on any Loan or any other amount payable hereunder or with respect
to any other Loan Document; or

          (b) Specific Covenants. The Borrower or, in the case of Section 7.14, Holdings, fails
to perform or observe any term, covenant or agreement contained in any of Sections 6.03(a)
or 6.05(a) (solely with respect to the Borrower) or Article VII; or

          (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or
agreement (not specified in Section 8.01(a) or (b) above) contained in any Loan Document on
its part to be performed or observed and such failure continues for thirty (30) days after
receipt by the Borrower of written notice thereof from the Administrative Agent; or

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

          (e) Cross-Default. Any Loan Party or any Restricted Subsidiary (A) fails to make any
payment beyond the applicable grace period, if any, whether by scheduled maturity, required
prepayment, acceleration, demand, or otherwise, in respect of any Indebtedness (other than
Indebtedness hereunder) having an aggregate outstanding principal amount (individually or in
the aggregate with all other Indebtedness as to which such a failure shall exist) of not
less than the Threshold Amount, or (B) fails to observe or perform any other agreement or
condition relating to any such Indebtedness, or any other event occurs (other than, with
respect to Indebtedness consisting of Swap Agreements, termination events or equivalent
events pursuant to the terms of such Swap Agreements), the effect of which default or other
event is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or
agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with
the giving of notice, if required, such Indebtedness to become due or to be repurchased,
prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase,
prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity;
provided that such failure is unremedied and is not waived by the holders of such
Indebtedness; provided further that this clause (e)(B) shall not apply to secured
Indebtedness that becomes due as a result of the voluntary sale or

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transfer of the property or assets securing such Indebtedness, if such sale or transfer
is permitted hereunder and under the documents providing for such Indebtedness; or

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

          (g) Judgments. There is entered against any Loan Party or any Specified Subsidiary a
final judgment or order for the payment of money in an aggregate amount exceeding the
Threshold Amount (to the extent not covered by independent third-party insurance as to which
the insurer has been notified of such judgment or order and has not denied or failed to
acknowledge coverage thereof) and such judgment or order shall not have been satisfied,
vacated, discharged or stayed or bonded pending an appeal for a period of sixty (60)
consecutive days; or

          (h) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer
Plan which has resulted or would reasonably be expected to result in liability of Holdings,
the Borrower or their respective ERISA Affiliates under Title IV of ERISA in an aggregate
amount that would reasonably be expected to result in a Material Adverse Effect or (ii)
Holdings, the Borrower or their respective ERISA Affiliates fails to pay when due, after the
expiration of any applicable grace period, any installment payment with respect to its
Withdrawal Liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate
amount that would reasonably be expected to result in a Material Adverse Effect; or

          (i) Invalidity of Loan Documents. Any material provision of any Loan Document, at any
time after its execution and delivery and for any reason other than as expressly permitted
hereunder or thereunder (including as a result of a transaction permitted under Section 7.04
or 7.05) or as a result of acts or omissions by the Administrative Agent or any Lender or
the satisfaction in full of all the Obligations, ceases to be in full force and effect; or
any Loan Party contests in writing the validity or enforceability of any provision of any
Loan Document; or any Loan Party denies in writing that it has any or further liability or
obligation under any Loan Document (other

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than as a result of repayment in full of the Obligations and termination of the
Aggregate Commitments), or purports in writing to revoke or rescind any Loan Document; or

          (j) Junior Financing Documentation. (i) Any of the Obligations of the Loan Parties
under the Loan Documents for any reason shall cease to be “Senior Indebtedness” (or any
comparable term) or “Senior Secured Financing” (or any comparable term) under, and as
defined in any Junior Financing Documentation governing Junior Financing with an aggregate
principal amount of not less than the Threshold Amount or (ii) the subordination provisions
set forth in any Junior Financing Documentation governing Junior Financing with an aggregate
principal amount of not less than the Threshold Amount shall, in whole or in part, cease to
be effective or cease to be legally valid, binding and enforceable against the holders of
any such Junior Financing, if applicable; or

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

              SECTION 8.02. Remedies Upon Event of Default. If any Event of Default occurs and is
continuing, the Administrative Agent shall, at the request of the Required Lenders, take any or all
of the following actions:

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

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

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

          (d) exercise on behalf of itself and the Lenders all rights and remedies available to
it and the Lenders under the Loan Documents or applicable Law;

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

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              SECTION 8.03. Application of Funds. After the exercise of remedies provided for in
Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C
Obligations have automatically been required to be Cash Collateralized as set forth in the proviso
to Section 8.02), any amounts received on account of the Obligations shall be applied by the
Administrative Agent in the following order:

          First, to payment of that portion of the Obligations constituting fees, indemnities,
expenses and other amounts (other than principal and interest, but including Attorney Costs
payable under Section 10.04 and amounts payable under Article III) payable to the
Administrative Agent in its capacity as such;

          Second, to payment of that portion of the Obligations constituting fees, indemnities
and other amounts (other than principal and interest) payable to the Lenders (including
Attorney Costs payable under Section 10.04 and amounts payable under Article III), ratably
among them in proportion to the amounts described in this clause Second payable to them;

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

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

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

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

          Seventh, to payment of that portion of the Obligations constituting unpaid principal of
the Term Loans, the Synthetic L/C Loans and Synthetic L/C Borrowings, the Swap Termination
Value under Secured Hedge Agreements and Cash Management Obligations, ratably among the
Secured Parties in proportion to the respective amounts described in this clause Seventh
held by them;

          Eighth, to the Administrative Agent for the account of the Synthetic L/C Issuers, to
Cash Collateralize that portion of Synthetic L/C Obligations comprised of the aggregate
undrawn amount of Synthetic Letters of Credit;

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          Ninth, to the payment of all other Obligations of the Loan Parties that are due and
payable to the Administrative Agent and the other Secured Parties on such date, ratably
based upon the respective aggregate amounts of all such Obligations owing to the
Administrative Agent and the other Secured Parties on such date; and

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

Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of
Letters of Credit pursuant to clauses Fifth and Ninth above shall be applied to satisfy drawings
under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral
after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be
applied to the other Obligations, if any, in the order set forth above and, if no Obligations
remain outstanding, to the Borrower.

              SECTION 8.04. Replacement of Revolving Credit Lenders under Certain Circumstances.

              (a) Any of the Term Lenders or the Synthetic L/C Lenders (each an “Eligible Purchaser”) shall
have the right to purchase by way of assignment, at any time during the exercise period described
in Section 8.04(c) below, all, but not less than all, of the outstanding Revolving Credit Loans and
Revolving Credit Commitments of the Revolving Credit Lenders including all principal of and accrued
and unpaid interest and fees on and all prepayment or acceleration penalties and premiums in
respect of such Obligations outstanding at the time of purchase. Upon receipt of a notice in
accordance with Section 8.04(b) from an Eligible Purchaser, the Administrative Agent will promptly
notify each other Term Lender and Synthetic L/C Lender of the contents of such notice. Each such
Lender may elect to participate in such purchase of the outstanding loans and commitments of the
Revolving Credit Lenders by providing written notice to the Administrative Agent no later than 5:00
p.m. (New York time) three (3) Business Days after the date of such Lender’s receipt of notice from
the Administrative Agent regarding such purchase. Unless otherwise agreed to by the Eligible
Purchasers, the obligations to be purchased shall be allocated among the participating Eligible
Purchasers ratably on the basis of the relative amount of the sum of each participating Eligible
Purchaser’s (a) Total Outstandings, (b) aggregate unused Term Commitments and (c) aggregate Unused
Synthetic L/C Commitments. Any purchase pursuant to this Section 8.04(a) shall be made as follows:

              (i) for a purchase price equal to the sum of (A) in the case of all Credit Extensions that
constitute outstanding Revolving Credit Loans and Revolving Credit Commitments of the Revolving
Credit Lenders (including Unreimbursed Amounts drawn in respect of Revolving Letters of Credit, but
excluding the undrawn amount of then outstanding Revolving Letters of Credit), 100% of the
principal amount thereof and all accrued and unpaid interest thereon through the date of purchase
(including any acceleration prepayment penalties or premiums), plus (B) all accrued and unpaid
fees, expenses, indemnities and other amounts through the date of purchase.

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              (ii) with the purchase price described in preceding clause (a)(i) payable in cash on
the date of purchase;

              (iii) with all amounts payable to the various Revolving Credit Lenders in respect of the
assignments described above to be distributed to them by the Administrative Agent in accordance
with their respective holdings; and

              (iv) with such purchase to be made pursuant to an Assignment and Assumption; it being
understood and agreed that the Revolving Credit Lender shall retain all rights to indemnification
as provided in the relevant Loan Documents for all periods prior to any assignment by them pursuant
to the provisions of this Section 8.04.

              (b) The right to exercise the purchase option described in Section 8.04(a) above shall be
exercisable and legally enforceable upon at least ten (10) Business Days’ prior written notice of
exercise (which notice, once given, shall be irrevocable and fully binding on the respective
Eligible Purchaser or Eligible Purchasers) given to the Administrative Agent by an Eligible
Purchaser. Neither the Administrative Agent nor any Revolving Credit Lender shall have any
disclosure obligation to any Eligible Purchaser in connection with any exercise of such purchase
option.

              (c) The right to purchase the outstanding Revolving Credit Loans and Revolving Credit
Commitments of the Revolving Credit Lenders as described in this Section 8.04 may be exercised (by
giving the irrevocable written notice described in preceding clause (b)) during each of the periods
that (1) begins on the date first to occur of (x) the exercise of remedies provided for in Section
8.02 (or upon the Loans automatically becoming immediately due and payable and the L/C Obligations
having automatically been required to be Cash Collateralized as set forth in the proviso to Section
8.02), (y) the occurrence of the final maturity of the Loans under this Agreement or (z) the
occurrence of an Event of Default pursuant to Section 8.01(f) and (2) ends on the 60th day after
the start of the applicable period described above.

              (d) The obligations of the Revolving Credit Lenders to sell their respective loans and
commitments under this Section 8.04 are several and not joint and several. To the extent any
Revolving Credit Lender (a “Defaulting Creditor”) breaches its obligation to sell its loans and
commitments under this Section 8.04, nothing in this Section 8.04 shall be deemed to require the
Administrative Agent or any other Revolving Credit Lender to purchase such Defaulting Creditor’s
Revolving Credit Loans and Revolving Credit Commitments for resale to the participating Eligible
Purchasers and in all cases, the Administrative Agent and each Revolving Credit Lender complying
with the terms of this Section 8.04 shall not be deemed to be in default of this Agreement or
otherwise be deemed liable for any action or inaction of any Defaulting Creditor.

              (e) Each Loan Party irrevocably consents to any assignment effected to one or more Eligible
Purchasers pursuant to this Section 8.04 for purposes of all Loan Documents and hereby agrees that
no further consent from such Loan Party shall be required.

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ARTICLE IX

Administrative Agent and Other Agents

              SECTION 9.01. Appointment and Authorization of Agents.

              (a) Each Lender hereby irrevocably appoints, designates and authorizes the Administrative
Agent to take such action on its behalf under the provisions of this Agreement and each other Loan
Document and to exercise such powers and perform such duties as are expressly delegated to it by
the terms of this Agreement or any other Loan Document, together with such powers as are reasonably
incidental thereto. The provisions of this Article IX (other than Section 9.09) are solely
for the benefit of the Administrative Agent and the Lenders, and the Borrower shall not have rights
as third party beneficiary of any such provision. Notwithstanding any provision to the contrary
contained elsewhere herein or in any other Loan Document, the Administrative Agent shall have no
duties or responsibilities, except those expressly set forth herein, nor shall the Administrative
Agent have or be deemed to have any fiduciary relationship with any Lender or participant, and no
implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read
into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent.
Without limiting the generality of the foregoing sentence, the use of the term “agent” herein and
in the other Loan Documents with reference to any Agent is not intended to connote any fiduciary or
other implied (or express) obligations arising under agency doctrine of any applicable Law.
Instead, such term is used merely as a matter of market custom, and is intended to create or
reflect only an administrative relationship between independent contracting parties.

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

              (c) The Administrative Agent shall also act as the “collateral agent” under the Loan
Documents, and each of the Lenders (in its capacities as a Lender, Swing Line Lender (if
applicable), L/C Issuer (if applicable) and a potential Hedge Bank) hereby irrevocably appoints and
authorizes the Administrative Agent to act as the agent of (and to hold any security interest
created by the Collateral Documents for and on behalf of or on trust for) such Lender for purposes
of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan
Parties to secure any of the Obligations, together with such powers and discretion as are
reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent”
(and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant
to Section 9.02 for purposes of holding or enforcing any Lien on the Collateral (or any

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portion thereof) granted under the Collateral Documents, or for exercising any rights and
remedies thereunder at the direction of the Administrative Agent), shall be entitled to the
benefits of all provisions of this Article IX (including Section 9.07, as though such co-agents,
sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set
forth in full herein with respect thereto. Without limiting the generality of the foregoing, the
Lenders hereby expressly authorize the Agents to execute any and all documents (including releases)
with respect to the Collateral and the rights of the Secured Parties with respect thereto, as
contemplated by and in accordance with the provisions of this Agreement and the Collateral
Documents and acknowledge and agree that any such action by any Agent shall bind the Lenders.

              (d) The Administrative Agent shall also act as the deposit account agent for the Synthetic L/C
Issuer and the Synthetic L/C Lenders, and each of the Synthetic L/C Lenders (in its capacities as a
Lender and Synthetic L/C Issuer (if applicable)) hereby irrevocably appoints and authorizes the
Administrative Agent to act as the agent of and to take such actions on its behalf and to exercise
such powers and discretion as are reasonably incidental thereto.

              SECTION 9.02. Delegation of Duties. The Administrative Agent may execute any of its
duties under this Agreement or any other Loan Document (including for purposes of holding or
enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral
Documents or of exercising any rights and remedies thereunder) by or through agents, employees or
attorneys-in-fact, such sub-agents as shall be deemed necessary by the Administrative Agent and
shall be entitled to advice of counsel and other consultants or experts concerning all matters
pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or
misconduct of any agent or sub-agent or attorney-in-fact that it selects in the absence of gross
negligence or willful misconduct (as determined in the final judgment of a court of competent
jurisdiction).

              SECTION 9.03. Liability of Agents. No Agent-Related Person shall (a) be liable for
any action taken or omitted to be taken by any of them under or in connection with this Agreement
or any other Loan Document or the transactions contemplated hereby (except for its own gross
negligence or willful misconduct, as determined by the final judgment of a court of competent
jurisdiction, in connection with its duties expressly set forth herein), or (b) be responsible in
any manner to any Lender or participant for any recital, statement, representation or warranty made
by any Loan Party, any Guarantor or any officer thereof, contained herein or in any other Loan
Document, or in any certificate, report, statement or other document referred to or provided for
in, or received by the Administrative Agent under or in connection with, this Agreement or any
other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of
this Agreement or any other Loan Document, or the perfection or priority of any Lien or security
interest created or purported to be created under the Collateral Documents, or for any failure of
any Loan Party or any other party to any Loan Document to perform its obligations hereunder or
thereunder. No Agent-Related Person shall be under any obligation to any Lender or participant to
ascertain or to inquire as to the observance or performance of any of the agreements contained in,
or conditions of, this Agreement or any other

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Loan Document, or to inspect the properties, books or records of any Loan Party or any
Affiliate thereof.

              SECTION 9.04. Reliance by Agents.

              (a) Each Agent shall be entitled to rely, and shall be fully protected in relying, upon any
writing, communication, signature, resolution, representation, notice, consent, certificate,
affidavit, letter, telegram, facsimile, telex or telephone message, electronic mail message,
statement or other document or conversation believed by it to be genuine and correct and to have
been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal
counsel (including counsel to any Loan Party), independent accountants and other experts selected
by such Agent. Each Agent shall in all cases be fully protected in acting, or in refraining from
acting, under this Agreement or any other Loan Document in accordance with a request or consent of
the Required Lenders (or such greater number of Lenders as may be expressly required hereby in any
instance) and such request and any action taken or failure to act pursuant thereto shall be binding
upon all the Lenders; provided that the Administrative Agent shall not be required to take any
action that, in its opinion or in the opinion of its counsel, may expose the Administrative Agent
to liability or that is contrary to any Loan Document or applicable Law.

              (b) For purposes of determining compliance with the conditions specified in Section 4.01, each
Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or
to be satisfied with, each document or other matter required thereunder to be consented to or
approved by or acceptable or 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.

              SECTION 9.05. Notice of Default. The Administrative Agent shall not be deemed to
have knowledge or notice of the occurrence of any Default, except with respect to defaults in the
payment of principal, interest and fees required to be paid to the Administrative Agent for the
account of the Lenders, unless the Administrative Agent shall have received written notice from a
Lender or the Borrower referring to this Agreement, describing such Default and stating that such
notice is a “notice of default.” The Administrative Agent will notify the Lenders of its receipt
of any such notice. The Administrative Agent shall take such action with respect to any Event of
Default as may be directed by the Required Lenders in accordance with Article VIII; provided that
unless and until the Administrative Agent has received any such direction, the Administrative Agent
may (but shall not be obligated to) take such action, or refrain from taking such action, with
respect to such Event of Default as it shall deem advisable or in the best interest of the Lenders.

              SECTION 9.06. Credit Decision; Disclosure of Information by Agents. Each Lender
acknowledges that no Agent-Related Person has made any representation or warranty to it, and that
no act by any Agent hereafter taken, including any consent to and acceptance of any assignment or
review of the affairs of any Loan Party or any Affiliate thereof, shall be deemed to constitute any
representation or warranty by any Agent-Related Person to any Lender as to any

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matter, including whether Agent-Related Persons have disclosed material information in their
possession. Each Lender represents to each Agent that it has, independently and without reliance
upon any Agent-Related Person and based on such documents and information as it has deemed
appropriate, made its own appraisal of and investigation into the business, prospects, operations,
property, financial and other condition and creditworthiness of the Loan Parties and their
respective Subsidiaries, and all applicable bank or other regulatory Laws relating to the
transactions contemplated hereby, and made its own decision to enter into this Agreement and to
extend credit to the Borrower and the other Loan Parties hereunder. Each Lender also represents
that it will, independently and without reliance upon any Agent-Related Person and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit
analysis, appraisals and decisions in taking or not taking action under this Agreement and the
other Loan Documents, and to make such investigations as it deems necessary to inform itself as to
the business, prospects, operations, property, financial and other condition and creditworthiness
of the Borrower and the other Loan Parties. Except for notices, reports and other documents
expressly required to be furnished to the Lenders by any Agent herein, such Agent shall not have
any duty or responsibility to provide any Lender with any credit or other information concerning
the business, prospects, operations, property, financial and other condition or creditworthiness of
any of the Loan Parties or any of their respective Affiliates which may come into the possession of
any Agent-Related Person.

              SECTION 9.07. Indemnification of Agents. Whether or not the transactions
contemplated hereby are consummated, the Lenders shall indemnify upon demand each Agent-Related
Person (to the extent not reimbursed by or on behalf of any Loan Party and without limiting the
obligation of any Loan Party to do so), pro rata, and hold harmless each Agent-Related Person from
and against any and all Indemnified Liabilities incurred by it; provided that no Lender shall be
liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities
resulting from such Agent-Related Person’s own gross negligence or willful misconduct, as
determined by the final judgment of a court of competent jurisdiction; provided that no action
taken in accordance with the directions of the Required Lenders (or such other number or percentage
of the Lenders as shall be required by the Loan Documents) shall be deemed to constitute gross
negligence or willful misconduct for purposes of this Section 9.07. In the case of any
investigation, litigation or proceeding giving rise to any Indemnified Liabilities, this Section
9.07 applies whether any such investigation, litigation or proceeding is brought by any Lender or
any other Person. Without limitation of the foregoing, each Lender shall reimburse the
Administrative Agent upon demand for its ratable share of any costs or out-of-pocket expenses
(including Attorney Costs) incurred by the Administrative Agent in connection with the preparation,
execution, delivery, administration, modification, amendment or enforcement (whether through
negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or
responsibilities under, this Agreement, any other Loan Document, or any document contemplated by or
referred to herein, to the extent that the Administrative Agent is not reimbursed for such expenses
by or on behalf of the Borrower, provided that such reimbursement by the Lenders shall not affect
the Borrower’s continuing reimbursement obligations with respect thereto. The undertaking in this
Section 9.07 shall survive termination

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of the Aggregate Commitments, the payment of all other Obligations and the resignation of the
Administrative Agent.

              SECTION 9.08. Agents in their Individual Capacities. Each Agent and its respective
Affiliates may make loans to, issue letters of credit for the account of, accept deposits from,
acquire Equity Interests in and generally engage in any kind of banking, trust, financial advisory,
underwriting or other business with each of the Loan Parties, the Guarantors and their respective
Affiliates as though such Agent were not an Agent or an L/C Issuer hereunder and without notice to
or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, each Agent
or its respective Affiliates may receive information regarding any Loan Party, any Guarantor or any
of their Affiliates (including information that may be subject to confidentiality obligations in
favor of such Loan Party, such Guarantor or such Affiliate) and acknowledge that the Agents shall
be under no obligation to provide such information to them. With respect to its Loans, each Agent
shall have the same rights and powers under the Loan Documents as any other Lender and may exercise
such rights and powers as though it were not an Agent or an L/C Issuer, and the terms “Lender” and
“Lenders” include each Agent in its individual capacity.

              SECTION 9.09. Resignation of Administrative Agent. The Administrative Agent may
resign as the Administrative Agent upon thirty (30) days’ notice to the Lenders and the Borrower.
If the Administrative Agent resigns under this Agreement, the Required Lenders shall appoint from
among the Lenders a successor agent for the Lenders, which successor agent shall be consented to by
the Borrower at all times other than during the existence of an Event of Default under Section
8.01(f) (which consent of the Borrower shall not be unreasonably withheld or delayed). If no
successor agent is appointed prior to the effective date of the resignation of the Administrative
Agent, the Administrative Agent may appoint, after consulting with the Lenders and the Borrower, a
successor agent from among the Lenders. Upon the acceptance of its appointment as successor agent
hereunder, the Person acting as such successor agent shall succeed to all the rights, powers and
duties of the retiring Administrative Agent and the term “Administrative Agent,” shall mean such
successor administrative agent and/or supplemental administrative agent, as the case may be, and
the retiring Administrative Agent’s appointment, powers and duties as the Administrative Agent
shall be terminated. After the retiring Administrative Agent’s resignation hereunder as the
Administrative Agent, the provisions of this Article IX and Sections 10.04 and 10.05 shall inure to
its benefit as to any actions taken or omitted to be taken by it while it was the Administrative
Agent under this Agreement. If no successor agent has accepted appointment as the Administrative
Agent by the date which is thirty (30) days following the retiring Administrative Agent’s notice of
resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become
effective and the Lenders shall perform all of the duties of the Administrative Agent hereunder
until such time, if any, as the Required Lenders appoint a successor agent as provided for above.
Upon the acceptance of any appointment as the Administrative Agent hereunder by a successor and
upon the execution and filing or recording of such financing statements, or amendments thereto, and
such amendments or supplements to the Mortgages, and such other instruments or notices, as may be
necessary or desirable, or as the Required Lenders may request, in order to (a) continue

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the perfection of the Liens granted or purported to be granted by the Collateral Documents or
(b) otherwise ensure that the Collateral and Guarantee Requirement is satisfied, the Administrative
Agent shall thereupon succeed to and become vested with all the rights, powers, discretion,
privileges, and duties of the retiring Administrative Agent, and the retiring Administrative Agent
shall be discharged from its duties and obligations under the Loan Documents (if not already
discharged therefrom as provided above in this Section 9.09). After the retiring Administrative
Agent’s resignation hereunder as the Administrative Agent, the provisions of this Article IX and
Sections 10.04 and 10.05 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 the Administrative Agent.

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

              SECTION 9.10. Administrative Agent May File Proofs of Claim. In case of the pendency
of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial proceeding relative to any Loan Party, the Administrative Agent
(irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable
as herein expressed or by declaration or otherwise and irrespective of whether the Administrative
Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention
in such proceeding or otherwise:

          (a) to file and prove a claim for the whole amount of the principal and interest owing
and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing
and unpaid and to file such other documents as may be necessary or advisable in order to
have the claims of the Lenders and the Administrative Agent (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Lenders and the
Administrative Agent and their respective agents and counsel and all other amounts due the
Lenders and the Administrative Agent under Sections 2.03(g) and (h), 2.09 and 10.04) allowed
in such judicial proceeding; and

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

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender to make such payments to the
Administrative Agent and, in the event that the Administrative Agent shall consent to the making

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of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the
reasonable compensation, expenses, disbursements and advances of the Agents and their respective
agents and counsel, and any other amounts due the Administrative Agent under Sections 2.09 and
10.04.

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

              SECTION 9.11. Collateral and Guaranty Matters. The Lenders irrevocably agree:

          (a) that any Lien on any property granted to or held by the Administrative Agent under
any Loan Document shall be automatically released (i) upon termination of the Aggregate
Commitments and payment in full of all Obligations (other than (x) obligations under Secured
Hedge Agreements not yet due and payable, (y) Cash Management Obligations not yet due and
payable and (z) contingent indemnification obligations not yet accrued and payable), the
expiration or termination of all Letters of Credit and any other obligation (including a
guarantee that is contingent in nature), (ii) at the time the property subject to such Lien
is transferred or to be transferred as part of or in connection with any transfer permitted
hereunder or under any other Loan Document to any Person other than Holdings, the Borrower
or any of its Domestic Subsidiaries that are Restricted Subsidiaries, (iii) subject to
Section 10.01, if the release of such Lien is approved, authorized or ratified in writing by
the Required Lenders, (iv) if the property subject to such Lien is owned by a Guarantor,
upon release of such Guarantor from its obligations under its Guaranty pursuant to clauses
(c)(i) or (c)(iv) below or (v) in the case of any Pledgor, such Person ceases to be a
Restricted Subsidiary as a result of a transaction or designation permitted hereunder;

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

          (c) that any Guarantor shall be automatically released from its obligations under the
Guaranty if (i) in the case of any Subsidiary, such Person ceases to be a Restricted
Subsidiary as a result of a transaction or designation permitted hereunder, (ii) in the case
of any Wholly Owned Subsidiary, such Person ceases to be a Wholly Owned Subsidiary but
continues to be a Restricted Subsidiary as a result of a transaction or designation
permitted hereunder; provided that such Person shall become a Pledgor hereunder, (iii) in
the case of any Guarantor that is a non-Wholly Owned Subsidiary, upon notice from the
Borrower to the Administrative Agent that such Subsidiary shall become a Pledgor hereunder
or (iv) in the case of Holdings, as a result of a transaction permitted hereunder; provided
that no such release shall occur if such Guarantor

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          continues to be a guarantor in respect of the Senior Subordinated Notes or any other
Junior Financing; and

          (d) if any Guarantor or Pledgor shall cease to be a Material Subsidiary (as certified
in writing by a Responsible Officer), (i) such Subsidiary shall be automatically released
from its obligations under any Guaranty and (ii) any Liens granted by such Subsidiary or
Liens on the Equity Interests of such Subsidiary shall be automatically released; provided
that in each case no such release shall occur if such Subsidiary continues to be a guarantor
in respect of the Senior Subordinated Notes or any other Junior Financing.

              Upon request by the Administrative Agent at any time, the Required Lenders will confirm in
writing the Administrative Agent’s authority to release or subordinate its interest in particular
types or items of property, or to release any Guarantor from its obligations under the Guaranty
pursuant to this Section 9.11. In each case as specified in this Section 9.11, the Administrative
Agent will promptly (and each Lender irrevocably authorizes the Administrative Agent to), at the
Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan
Party may reasonably request to evidence the release or subordination of such item of Collateral
from the assignment and security interest granted under the Collateral Documents, or to evidence
the release of such Guarantor from its obligations under the Guaranty, in each case in accordance
with the terms of the Loan Documents and this Section 9.11.

              SECTION 9.12. Other Agents; Arrangers and Managers. None of the Lenders or other
Persons identified on the facing page or signature pages of this Agreement as a “syndication
agent,” “co-documentation agent”, “joint book manager” or “joint lead arranger” shall have any
right, power, obligation, liability, responsibility or duty under this Agreement other than those
applicable to all Lenders as such. Without limiting the foregoing, none of the Lenders or other
Persons so identified shall have or be deemed to have any fiduciary relationship with any Lender.
Each Lender acknowledges that it has not relied, and will not rely, on any of the Lenders or other
Persons so identified in deciding to enter into this Agreement or in taking or not taking action
hereunder.

              SECTION 9.13. Appointment of Supplemental Administrative Agents.

              (a) It is the intent of this Agreement and the other Loan Documents that there shall be no
violation of any Law of any jurisdiction denying or restricting the right of banking corporations
or associations to transact business as agent or trustee in such jurisdiction. It is recognized
that in case of litigation under this Agreement or any of the other Loan Documents, and in
particular in case of the enforcement of any of the Loan Documents, or in case the Administrative
Agent deems that by reason of any present or future Law of any jurisdiction it may not exercise any
of the rights, powers or remedies granted herein or in any of the other Loan Documents or take any
other action which may be desirable or necessary in connection therewith, the Administrative Agent
is hereby authorized to appoint an additional individual or institution selected by the
Administrative Agent in its sole discretion as a separate trustee, co-trustee, administrative
agent, collateral agent, administrative sub-agent or administrative co-

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agent (any such additional individual or institution being referred to herein individually as
a “Supplemental Administrative Agent” and collectively as “Supplemental Administrative Agents”).

              (b) In the event that the Administrative Agent appoints a Supplemental Administrative Agent
with respect to any Collateral, (i) each and every right, power, privilege or duty expressed or
intended by this Agreement or any of the other Loan Documents to be exercised by or vested in or
conveyed to the Administrative Agent with respect to such Collateral shall be exercisable by and
vest in such Supplemental Administrative Agent to the extent, and only to the extent, necessary to
enable such Supplemental Administrative Agent to exercise such rights, powers and privileges with
respect to such Collateral and to perform such duties with respect to such Collateral, and every
covenant and obligation contained in the Loan Documents and necessary to the exercise or
performance thereof by such Supplemental Administrative Agent shall run to and be enforceable by
either the Administrative Agent or such Supplemental Administrative Agent, and (ii) the provisions
of this Article IX and of Sections 10.04 and 10.05 that refer to the Administrative Agent shall
inure to the benefit of such Supplemental Administrative Agent and all references therein to the
Administrative Agent shall be deemed to be references to the Administrative Agent and/or such
Supplemental Administrative Agent, as the context may require.

              (c) Should any instrument in writing from any Loan Party be required by any Supplemental
Administrative Agent so appointed by the Administrative Agent for more fully and certainly vesting
in and confirming to him or it such rights, powers, privileges and duties, the Borrower or
Holdings, as applicable, shall, or shall cause such Loan Party to, execute, acknowledge and deliver
any and all such instruments promptly upon request by the Administrative Agent. In case any
Supplemental Administrative Agent, or a successor thereto, shall die, become incapable of acting,
resign or be removed, all the rights, powers, privileges and duties of such Supplemental
Administrative Agent, to the extent permitted by Law, shall vest in and be exercised by the
Administrative Agent until the appointment of a new Supplemental Administrative Agent.

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ARTICLE X

Miscellaneous

              SECTION 10.01. Amendments, Etc. Except as otherwise set forth in this Agreement, no
amendment, modification, supplement or waiver of any provision of this Agreement or any other Loan
Document, and no consent to any departure by the Borrower or any other Loan Party therefrom, shall
be effective unless in writing signed by the Required Lenders and the Borrower or the applicable
Loan Party, as the case may be, and acknowledged by the Administrative Agent, and each such waiver,
amendment, modification, supplement or consent shall be effective only in the specific instance and
for the specific purpose for which given; provided that, no such amendment, modification,
supplement, waiver or consent shall:

          (a) extend or increase the Commitment of any Lender without the written consent of such
Lender (it being understood that a waiver of any condition precedent set forth in Section
4.02 or the waiver of any Default, mandatory prepayment or mandatory reduction of the
Commitments shall not constitute an extension or increase of any Commitment of any Lender);

          (b) postpone any date scheduled for, or reduce the amount of, any payment of principal
or interest under Section 2.07 or 2.08 without the written consent of each Lender directly
affected thereby, it being understood that the waiver of (or amendment to the terms of) any
mandatory prepayment of the Term Loans shall not constitute a postponement of any date
scheduled for the payment of principal or interest;

          (c) reduce the principal of, or the rate of interest specified herein on, any Loan or
L/C Borrowing, or (subject to clause (iii) of the second proviso to this Section 10.01) any
fees or other amounts payable hereunder or under any other Loan Document without the written
consent of each Lender directly affected thereby, it being understood that any change to the
definition of Senior Secured Leverage Ratio or, in each case, in the component definitions
thereof shall not constitute a reduction in the rate of interest; provided that, only the
consent of the Required Lenders shall be necessary to amend the definition of “Default Rate”
or to waive any obligation of the Borrower to pay interest at the Default Rate;

          (d) change any provision of this Section 10.01, the definition of “Required Lenders” or
“Pro Rata Share” or Section 2.05(b)(v)(Y), 2.06(c), 2.13 or 8.03 without the written consent
of each Lender affected thereby;

          (e) (i) without the written consent of each Lender, release all or substantially all of
the Collateral in any transaction or series of related transactions other than in a
transaction permitted under Section 7.04 or Section 7.05 or (ii) without the written consent
of the Majority Revolving Credit Lenders, (A) engage in any transaction or series of related
transactions that would reduce the Total Assets to less than $800,000,000, (B) waive or
amend Section 7.05(j)(ii) or (C) waive or amend this Section 10.01(e)(ii);

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          (f) other than in a transaction permitted under Section 7.04 or Section 7.05, release
all or substantially all of the aggregate value of the Guarantees, without the written
consent of each Lender; or

          (g) waive any condition set forth in Section 4.02 as to any Credit Extension under the
Revolving Credit Facility, the Synthetic L/C Facility or the Delayed Draw Term Loan Facility
without the written consent of the Lenders holding more than 50% of the aggregate
Outstanding Amount of all Loans and all L/C Obligations and the aggregate unused Commitments
under such Facility;

and provided further that (i) no amendment, waiver or consent shall, unless in writing and signed
by each Revolving L/C Issuer or Synthetic L/C Issuer, as the case may be, in addition to the
Lenders required above, affect the rights or duties of a Revolving L/C Issuer or Synthetic L/C
Issuer, as the case may be, under this Agreement or any Letter of Credit Application relating to
any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall,
unless in writing and signed by the Swing Line Lender in addition to the Lenders required above,
affect the rights or duties of the Swing Line Lender under this Agreement; (iii) no amendment,
waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to
the Lenders required above, affect the rights or duties of, or any fees or other amounts payable
to, the Administrative Agent under this Agreement or any other Loan Document; (iv) Section 10.07(h)
may not be amended, waived or otherwise modified without the consent of each Granting Lender all or
any part of whose Loans are being funded by an SPC at the time of such amendment, waiver or other
modification; and (v) the consent of Lenders holding more than 50% of any Class of Commitments
shall be required with respect to any amendment that by its terms adversely affects the rights of
such Class in respect of payments hereunder in a manner different than such amendment affects other
Classes. Any such waiver and any such amendment, modification or supplement in accordance with the
terms of this Section 10.01 shall apply equally to each of the Lenders and shall be binding on the
Loan Parties, the Lenders, the Agents, the L/C Issuers and all future holders of the Loans and
Commitments. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any
right to approve or disapprove any amendment, waiver or consent hereunder, except that the
Commitment of such Lender may not be increased or extended without the consent of such Lender (it
being understood that any Commitments or Loans held or deemed held by any Defaulting Lender shall
be excluded for a vote of the Lenders hereunder requiring any consent of the Lenders).

              Notwithstanding the foregoing, this Agreement may be amended (or amended and restated) with
the written consent of the Required Lenders, the Administrative Agent and the Borrower (a) to add
one or more additional credit facilities to this Agreement and to permit the extensions of credit
from time to time outstanding thereunder and the accrued interest and fees in respect thereof to
share ratably in the benefits of this Agreement and the other Loan Documents with the Term Loans,
the Revolving Credit Loans and the Synthetic L/C Loans and the accrued interest and fees in respect
thereof and (b) to include appropriately the Lenders holding such credit facilities in any
determination of the Required Lenders.

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              In addition, notwithstanding the foregoing, this Agreement may be amended with the written
consent of the Administrative Agent, the Borrower and the Lenders providing the Replacement Term
Loans (as defined below) to permit the refinancing of all outstanding Term Loans (“Refinanced Term
Loans”) with a replacement term loan (“Replacement Term Loans”) hereunder; provided that (a) the
aggregate principal amount of such Replacement Term Loans shall not exceed the aggregate principal
amount of such Refinanced Term Loans, (b) the Applicable Rate with respect to such Replacement Term
Loans (or similar interest rate spread applicable to such Replacement Term Loans) shall not be
higher than the Applicable Rate for such Refinanced Term Loans (or similar interest rate spread
applicable to such Refinanced Term Loans) immediately prior to such refinancing, (c) the Weighted
Average Life to Maturity of such Replacement Term Loans shall not be shorter than the Weighted
Average Life to Maturity of such Refinanced Term Loans at the time of such refinancing (except to
the extent of nominal amortization for periods where amortization has been eliminated as a result
of prepayment of the Term Loans), (d) all other terms applicable to such Replacement Term Loans
shall be substantially identical to, or less favorable to the Lenders providing such Replacement
Term Loans than, those applicable to such Refinanced Term Loans, except to the extent necessary to
provide for covenants and other terms applicable to any period after the latest final maturity of
the Term Loans in effect immediately prior to such refinancing and (e) to the extent that a
Replacement Term Loan refinances a Refinanced Term Loan held by the maker of such Replacement Term
Loan, such Replacement Term Loan shall be deemed to be a modification of such Refinanced Term Loan
on the terms of such Replacement Term Loan and not a new or separate indebtedness.

              In addition, notwithstanding the foregoing, the consent of a Lender to an amendment (or
amendment and restatement) of this Agreement shall not be required if, upon giving effect to such
amendment (or amendment and restatement), such Lender shall no longer be a party to this Agreement
(as so amended or amended and restated), the Commitments of such Lender shall have terminated (but
such Lender shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05, 10.04 and
10.05 with respect to facts and circumstances occurring prior to the effective date of such
amendment or amendment and restatement), such Lender shall have no other commitment or other
obligation hereunder and shall have been paid in full all principal, interest and other amounts
owing to it or accrued for its account under this Agreement.

              Notwithstanding anything to the contrary contained in Section 10.01, guarantees, collateral
security documents and related documents executed by Subsidiaries in connection with this Agreement
may be in a form reasonably determined by the Administrative Agent and may be, together with this
Agreement, amended and waived with the consent of the Administrative Agent at the request of the
Borrower without the need to obtain the consent of any other Lender if such amendment or waiver is
delivered in order (i) to comply with local Law or advice of local counsel, (ii) to cure
ambiguities or defects or (iii) to cause such guarantee, collateral security document or other
document to be consistent with this Agreement and the other Loan Documents.

              SECTION 10.02. Notices and Other Communications; Facsimile Copies.

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

          (i) if to the Borrower, the Administrative Agent, an L/C Issuer or the Swing Line
Lender, to the address, facsimile number, electronic mail address or telephone number
specified for such Person on Schedule 10.02 or to such other address, facsimile
number, electronic mail address or telephone number as shall be designated by such party in
a notice to the other parties; and

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

All such notices and other communications shall be deemed to be given or made upon the earlier to
occur of (i) actual receipt by the relevant party hereto and (ii) (A) if delivered by hand or by
courier, when signed for by or on behalf of the relevant party hereto; (B) if delivered by mail,
four (4) Business Days after deposit in the mails, postage prepaid; (C) if delivered by facsimile,
when sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail
(which form of delivery is subject to the provisions of Section 10.02(c)), when delivered; provided
that notices and other communications to the Administrative Agent, the L/C Issuers and the Swing
Line Lender pursuant to Article II shall not be effective until actually received by such Person.
In no event shall a voice mail message be effective as a notice, communication or confirmation
hereunder.

              (b) Effectiveness of Facsimile Documents and Signatures. Loan Documents may be transmitted
and/or signed by facsimile or other electronic communication. The effectiveness of any such
documents and signatures shall, subject to applicable Law, have the same force and effect as
manually signed originals and shall be binding on all Loan Parties, the Agents and the Lenders.

              (c) Reliance by Agents and Lenders. The Administrative Agent and the Lenders shall be
entitled to rely and act upon any notices (including telephonic Committed Loan Notices and Swing
Line Loan Notices) reasonably believed by them to have been given by or on behalf of the Borrower
even if (i) such notices were not made in a manner specified herein, were incomplete or were not
preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as
understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify
each Agent-Related Person and each Lender from all losses, costs, expenses and liabilities
resulting from the reliance by such Person on each notice purportedly given by or on behalf of the
Borrower in the absence of gross negligence or willful misconduct.

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All telephonic notices to the Administrative Agent may be recorded by the Administrative
Agent, and each of the parties hereto hereby consents to such recording.

              (d) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE
AGENT-RELATED PERSONS 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-RELATED PERSON IN CONNECTION WITH
THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Agent-Related Persons have any
liability to the Borrower, any 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 (x) the gross
negligence, bad faith or willful misconduct of such Agent-Related Person or of any affiliate,
director, officer, employee, counsel, agent, trustee or advisors of such Agent-Related Person or
(y) a material breach of any obligations under this Agreement by such Agent-Related Person or of
any affiliate, director, officer, employee, counsel, agent, trustee or advisors of such
Agent-Related Person; provided, however, that in no event shall any Agent-Related Person have any
liability to the Borrower, any Lender or any other Person for indirect, special, consequential or
punitive damages (as opposed to direct or actual damages).

              SECTION 10.03. No Waiver; Cumulative Remedies. No failure by any Lender or the
Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy,
power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof;
nor shall any single or partial exercise of any right, remedy, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other right, remedy, power or
privilege. The rights, remedies, powers and privileges herein provided, and provided under each
other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and
privileges provided by Law.

              SECTION 10.04. Attorney Costs and Expenses. The Borrower agrees (a) if the Closing
Date occurs, to pay or reimburse the Administrative Agent, the Syndication Agent, the
Co-Documentation Agents and the Arrangers for all reasonable and documented out of pocket costs and
expenses incurred in connection with the preparation, negotiation, syndication and execution of
this Agreement and the other Loan Documents and any amendment, waiver, consent or other
modification of the provisions hereof and thereof (whether or not the transactions contemplated
thereby are consummated), and the consummation and administration of the transactions contemplated
hereby and thereby, including all Attorney Costs of Moore &

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Van Allen PLLC, and (b) to pay or reimburse the Administrative Agent for all reasonable and
documented out-of-pocket costs and expenses incurred in connection with the enforcement of any
rights or remedies under this Agreement or the other Loan Documents (including all such costs and
expenses incurred during any legal proceeding, including any proceeding under any Debtor Relief
Law, and including all Attorney Costs of counsel to the Administrative Agent). The agreements in
this Section 10.04 shall survive the termination of the Aggregate Commitments and repayment of all
other Obligations. All amounts due under this Section 10.04 shall be paid promptly following
receipt by the Borrower of an invoice relating thereto setting forth such expenses in reasonable
detail. If any Loan Party fails to pay when due any costs, expenses or other amounts payable by it
hereunder or under any Loan Document, such amount may be paid on behalf of such Loan Party by the
Administrative Agent in its sole discretion.

              SECTION 10.05. Indemnification by the Borrower. The Borrower shall indemnify and
hold harmless the Administrative Agent, each Lender, the Arrangers and their respective Affiliates,
partners, directors, officers, employees, agents, trustees or advisors (collectively the
"Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties,
claims, demands, actions, judgments, suits, costs, expenses and disbursements (including Attorney
Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by or
asserted against any such Indemnitee in any way relating to or arising out of or in connection with
(a) the execution, delivery, enforcement, performance or administration of any Loan Document or any
other agreement, letter or instrument delivered in connection with the transactions contemplated
thereby or the consummation of the transactions contemplated thereby, including the Administrative
Agent’s performance of duties under Section 2.11, (b) any Commitment, Loan or Letter of Credit or
the use or proposed use of the proceeds therefrom (including any refusal by an L/C Issuer to honor
a demand for payment under a Letter of Credit if the documents presented in connection with such
demand do not strictly comply with the terms of such Letter of Credit), or (c) any actual or
alleged presence or release of Hazardous Materials on or from any property currently or formerly
owned or operated by the Borrower, any Subsidiary or any other Loan Party, or any Environmental
Liability arising out of the activities or operations of the Borrower, any Subsidiary or any other
Loan Party, or (d) any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing, whether based on contract, tort or any other theory (including
any investigation of, preparation for, or defense of any pending or threatened claim,
investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party
thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such
indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities,
obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs,
expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct
of such Indemnitee or of any affiliate, director, officer, employee, agent, trustee or advisors of
such Indemnitee or (y) a material breach of any obligations under any Loan Document by such
Indemnitee or of any affiliate, director, officer, employee, counsel, agent, trustee or advisors of
such Indemnitee. No Indemnitee shall be liable for any damages arising from the use by others of
any information or other materials obtained through IntraLinks or other similar information
transmission systems in connection with this Agreement, nor shall any Indemnitee or any Loan Party
have any liability for any special,

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punitive, indirect or consequential damages relating to this Agreement or any other Loan
Document or arising out of its activities in connection herewith or therewith (whether before or
after the Closing Date). In the case of an investigation, litigation or other proceeding to which
the indemnity in this Section 10.05 applies, such indemnity shall be effective whether or not such
investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders
or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a
party thereto and whether or not any of the transactions contemplated hereunder or under any of the
other Loan Documents is consummated. All amounts due under this Section 10.05 shall be paid within
20 Business Days after written demand therefor. The agreements in this Section 10.05 shall survive
the resignation of the Administrative Agent, the replacement of any Lender, the termination of the
Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations.

              SECTION 10.06. Payments Set Aside. To the extent that any payment by or on behalf of
the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of
setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently
invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant
to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a
trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law
or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally
intended to be satisfied shall be revived and continued in full force and effect as if such payment
had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to
the Administrative Agent upon demand its applicable share of any amount so recovered from or repaid
by any Agent, plus interest thereon from the date of such demand to the date such payment is made
at a rate per annum equal to the Federal Funds Rate from time to time in effect.

              SECTION 10.07. Successors and Assigns.

              (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that neither
Holdings nor the Borrower may, except as permitted by Section 7.04, assign or otherwise transfer
any of its rights or obligations hereunder without the prior written consent of the Administrative
Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or
obligations hereunder except (i) to an Eligible Assignee, (ii) by way of participation in
accordance with the provisions of Section 10.07(e), (iii) by way of pledge or assignment of a
security interest subject to the restrictions of Section 10.07(g) or (iv) to an SPC in accordance
with the provisions of Section 10.07(h) (and any other attempted assignment or transfer by any
party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and
assigns permitted hereby, Participants to the extent provided in Section 10.07(e) and, to the
extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or
claim under or by reason of this Agreement.

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              (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign
to one or more assignees (“Assignees”) all or a portion of its rights and obligations under this
Agreement (including all or a portion of its Commitment (which, in the case of an assignment of any
portion of a Synthetic L/C Commitment, must include an assignment of an equal portion of such
Lender’s interest in its Credit-Linked Deposit, the Synthetic L/C Loans and participations in
Synthetic L/C Obligations) and the Loans (including for purposes of this Section 10.07(b),
participations in L/C Obligations and in Swing Line Loans) at the time owing to it) with the prior
written consent (such consent not to be unreasonably withheld or delayed, it being understood that
the Borrower shall have the right to withhold its consent if the Borrower would be required to
obtain the consent of, or make a filing or registration with, a Governmental Agency) of:

          (A) the Borrower, provided that no consent of the Borrower shall be required for an
assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an Event of
Default under Section 8.01(a) or, solely with respect to the Borrower, Section 8.01(f) has
occurred and is continuing, any Assignee;

          (B) the Administrative Agent; provided that no consent of the Administrative Agent
shall be required for an assignment of all or any portion of a Term Loan or the Synthetic
L/C Facility to another Lender, an Affiliate of a Lender or an Approved Fund;

          (C) each Principal L/C Issuer at the time of such assignment, provided that no consent
of the Principal L/C Issuers shall be required for any assignment of a Term Loan or any
assignment to an Agent or an Affiliate of an Agent; and

          (D) in the case of any assignment of any of the Revolving Credit Facility, the Swing
Line Lender.

          (ii) Assignments shall be subject to the following additional conditions:

          (A) except in the case of an assignment to a Lender or an Affiliate of a Lender or an
Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s
Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning
Lender subject to each such assignment (determined as of the date the Assignment and
Assumption with respect to such assignment is delivered to the Administrative Agent or if
“Trade Date” is specified in the Assignment and Assumption, as of the Trade Date) shall not
be less than a principal amount of $5,000,000 (in the case of the Revolving Credit Facility)
or a principal amount of $1,000,000 (in the case of a Term Loan or the Synthetic L/C
Facility) unless each of the Borrower and the Administrative Agent otherwise consents,
provided that (1) no such consent of the Borrower shall be required if an Event of Default
under Section 8.01(a) or, solely with respect to the Borrower, Section 8.01(f) has occurred
and is continuing and (2) concurrent assignments to members of an Assignee Group and
concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or
to an Eligible

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Assignee and members of its Assignee Group) will be treated as a single assignment for
purposes of determining whether such minimum amount has been met;

          (B) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation fee of
$3,500; provided that the Administrative Agent may, in its sole discretion, elect to waive
such processing and recordation fee in the case of any assignment;

          (C) the Assignee, if it shall not be a Lender, shall deliver to the Administrative
Agent an Administrative Questionnaire; and

          (D) the Assignee shall comply with Section 3.01(b) and (c) or Section 3.01(e), as
applicable.

              This paragraph (b) shall not prohibit any Lender from assigning all or a portion of its rights
and obligations among separate Facilities on a non-pro rata basis.

              (c) Subject to acceptance and recording thereof by the Administrative Agent pursuant to
Section 10.07(d), from and after the effective date specified in each Assignment and Assumption,
the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the
interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender
under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest
assigned by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and
obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue
to be entitled to the benefits of Sections 3.01, 3.04, 3.05, 10.04 and 10.05 with respect to facts
and circumstances occurring prior to the effective date of such assignment). Upon request, and the
surrender by the assigning Lender of its Note, the Borrower (at its expense) shall execute and
deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this clause (c) shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with Section 10.07(e).

              (d) The Administrative Agent, acting solely for this purpose as an agent of the Borrower,
shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption
delivered to it and a register for the recordation of the names and addresses of the Lenders, and
the Commitments of, and principal amounts (and related interest amounts) of the Loans, L/C
Obligations (specifying the Unreimbursed Amounts), L/C Borrowings and amounts due under Section
2.03, owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The
entries in the Register shall be presumed correct, absent manifest error, and the Borrower, the
Agents and the Lenders shall treat each Person whose name is recorded in the Register pursuant to
the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice
to the contrary. The Register shall be available for

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inspection by the Borrower, any Agent and any Lender, at any reasonable time and from time to
time upon reasonable prior notice.

              (e) Any Lender may at any time, without the consent of, or notice to, the Borrower or the
Administrative Agent, sell participations to any Person (other than a natural person) (each, a
"Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement
(including all or a portion of its Commitment and/or the Loans (including such Lender’s
participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i) such
Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain
solely responsible to the other parties hereto for the performance of such obligations and (iii)
the Borrower, the Agents and the other Lenders shall continue to deal solely and directly with such
Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement
or instrument pursuant to which a Lender sells such a participation shall provide that such Lender
shall retain the sole right to enforce this Agreement and the other Loan Documents and to approve
any amendment, modification or waiver of any provision of this Agreement or the other Loan
Documents; provided that such agreement or instrument may provide that such Lender will not,
without the consent of the Participant, agree to any amendment, waiver or other modification
described in the first proviso to Section 10.01 that directly affects such Participant. Subject to
Section 10.07(f), the Borrower agrees that each Participant shall be entitled to the benefits of
Sections 3.01(a) and (g) (subject to the requirements of Section 3.01(b) and (c) or Section
3.01(e), as applicable), 3.04 and 3.05 (through the applicable Lender) to the same extent as if it
were a Lender and had acquired its interest by assignment pursuant to Section 10.07(c). To the
extent permitted by applicable Law, each Participant also shall be entitled to the benefits of
Section 10.09 as though it were a Lender; provided that such Participant agrees to be subject to
Section 2.13 as though it were a Lender. Each Lender that sells a participation shall, acting
solely for this purpose as an agent of the Borrower, maintain a register on which it enters the
name and address of each Participant and the principal amount of each Participant’s interest in the
Loans held by it (the “Participant Register”). Entries in the Participant Register shall be
presumed correct, absent manifest error.

              (f) A Participant shall not be entitled to receive any greater payment under Section 3.01,
3.04 or 3.05 than the applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant.

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

              (h) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting
Lender”) may grant to a special purpose funding vehicle identified as such in writing from time to
time by the Granting Lender to the Administrative Agent and the Borrower (an

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“SPC”) the option to provide all or any part of any Loan that such Granting Lender would
otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall
constitute a commitment by any SPC to fund any Loan, and (ii) if an SPC elects not to exercise such
option or otherwise fails to make all or any part of such Loan, the Granting Lender shall be
obligated to make such Loan pursuant to the terms hereof. Each party hereto hereby agrees that (i)
neither the grant to any SPC nor the exercise by any SPC of such option shall increase the costs or
expenses or otherwise increase or change the obligations of the Borrower under this Agreement
(including its obligations under Section 3.01, 3.04 or 3.05), (ii) no SPC shall be liable for any
indemnity or similar payment obligation under this Agreement for which a Lender would be liable,
and (iii) the Granting Lender shall for all purposes, including the approval of any amendment,
waiver or other modification of any provision of any Loan Document, remain the lender of record
hereunder. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting
Lender to the same extent, and as if, such Loan were made by such Granting Lender. Notwithstanding
anything to the contrary contained herein, any SPC may (i) with notice to, but without prior
consent of the Borrower and the Administrative Agent and with the payment of a processing fee of
$3,500, assign all or any portion of its right to receive payment with respect to any Loan to the
Granting Lender and (ii) disclose on a confidential basis any non-public information relating to
its funding of Loans to any rating agency, commercial paper dealer or provider of any surety or
Guarantee or credit or liquidity enhancement to such SPC.

              (i) Notwithstanding anything to the contrary contained herein, (1) any Lender may in
accordance with applicable Law create a security interest in all or any portion of the Loans owing
to it and the Note, if any, held by it and (2) any Lender that is a Fund may create a security
interest in all or any portion of the Loans owing to it and the Note, if any, held by it to the
trustee for holders of obligations owed, or securities issued, by such Fund as security for such
obligations or securities; provided that unless and until such trustee actually becomes a Lender in
compliance with the other provisions of this Section 10.07, (i) no such pledge shall release the
pledging Lender from any of its obligations under the Loan Documents and (ii) such trustee shall
not be entitled to exercise any of the rights of a Lender under the Loan Documents even though such
trustee may have acquired ownership rights with respect to the pledged interest through foreclosure
or otherwise.

              (j) Notwithstanding anything to the contrary contained herein, any L/C Issuer or the Swing
Line Lender may, upon thirty (30) days’ notice to the Borrower and the Lenders, resign as an L/C
Issuer or the Swing Line Lender, respectively; provided that on or prior to the expiration of such
30-day period with respect to such resignation, the relevant L/C Issuer or the Swing Line Lender
shall have identified, in consultation with the Borrower, a successor L/C Issuer or Swing Line
Lender willing to accept its appointment as successor L/C Issuer or Swing Line Lender, as
applicable. In the event of any such resignation of an L/C Issuer or the Swing Line Lender, the
Borrower shall be entitled to appoint from among the Lenders willing to accept such appointment a
successor L/C Issuer or Swing Line Lender hereunder; provided that no failure by the Borrower to
appoint any such successor shall affect the resignation of the relevant L/C Issuer or the Swing
Line Lender, as the case may be. If an L/C Issuer resigns as an L/C

170

 

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

              (k) In the case of any assignment pursuant to paragraph (b) above by a Synthetic L/C Lender,
the Credit-Linked Deposit of the assignor Synthetic L/C Lender shall not be released, but shall
instead be purchased by the relevant assignee and continue to be held for application (to the
extent not already applied) in accordance with this Agreement to satisfy such assignee’s
obligations in respect of the Synthetic L/C Exposure.

              SECTION 10.08. Confidentiality. Each of the Agents and the Lenders agrees to
maintain the confidentiality of the Information and to not use or disclose such information, except
that Information may be disclosed (a) to its Affiliates and its and its Affiliates’ directors,
officers, employees, trustees, investment advisors and agents, including accountants, legal counsel
and other advisors (it being understood that the Persons to whom such disclosure is made will be
informed of the confidential nature of such Information and instructed to keep such Information
confidential); (b) to the extent requested by any Governmental Authority; (c) to the extent
required by applicable Laws or regulations or by any subpoena or similar legal process; (d) to any
other party to this Agreement; (e) subject to an agreement containing provisions substantially the
same as those of this Section 10.08 (or as may otherwise be reasonably acceptable to the Borrower),
to any pledgee referred to in Section 10.07(g), counterparty to a Swap Contract, Eligible Assignee
of or Participant in, or any prospective Eligible Assignee of or Participant in, any of its rights
or obligations under this Agreement; (f) with the written consent of the Borrower; (g) to the
extent such Information becomes publicly available other than as a result of a breach of this
Section 10.08; (h) to any Governmental Authority or examiner (including the National Association of
Insurance Commissioners or any other similar organization) regulating any Lender; (i) to any rating
agency when required by it (it being understood that, prior to any such disclosure, such rating
agency shall undertake to preserve the confidentiality of any Information relating to the Loan
Parties received by it from such Lender); or (j) in connection with the exercise of any remedies
hereunder or under any other Loan Document or any action or proceeding relating to this Agreement
or any other Loan Document or the enforcement of rights hereunder or thereunder. In addition, the
Agents and the Lenders may disclose the existence of this Agreement and information about this
Agreement to market data collectors, similar service providers to the lending industry, and service
providers to the Agents and the Lenders in connection with the administration and management of
this Agreement, the other Loan Documents, the Commitments, and the Credit Extensions. For the
purposes of this Section 10.08, “Information” means all information received from any Loan Party or
its Affiliates or its Affiliates’ directors, officers, employees, trustees, investment advisors or
agents, relating to Holdings, the Borrower or any of their subsidiaries or its business,

171

 

other than any such information that is publicly available to any Agent or any Lender prior to
disclosure by any Loan Party other than as a result of a breach of this Section 10.08; provided
that, in the case of information received from a Loan Party after the date hereof, such information
is clearly identified at the time of delivery as confidential or (ii) is delivered pursuant to
Section 6.01, 6.02 or 6.03 hereof.

              SECTION 10.09. Setoff. In addition to any rights and remedies of the Lenders
provided by Law, upon the occurrence and during the continuance of any Event of Default, each
Lender and its Affiliates and each L/C Issuer and its Affiliates is authorized at any time and from
time to time, without prior notice to the Borrower or any other Loan Party, any such notice being
waived by the Borrower (on its own behalf and on behalf of each Loan Party and its Subsidiaries) to
the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general
or special, time or demand, provisional or final) at any time held by, and other Indebtedness at
any time owing by, such Lender and its Affiliates or such L/C Issuer and its Affiliates, as the
case may be, to or for the credit or the account of the respective Loan Parties and their
Subsidiaries against any and all Obligations owing to such Lender and its Affiliates or such L/C
Issuer and its Affiliates hereunder or under any other Loan Document, now or hereafter existing,
irrespective of whether or not such Agent or such Lender or Affiliate shall have made demand under
this Agreement or any other Loan Document and although such Obligations may be contingent or
unmatured or denominated in a currency different from that of the applicable deposit or
Indebtedness. Notwithstanding anything to the contrary contained herein, no Lender or its
Affiliates and no L/C Issuer or its Affiliates shall have a right to set off and apply any deposits
held or other Indebtedness owing by such Lender or its Affiliates or such L/C Issuer or its
Affiliates, as the case may be, to or for the credit or the account of any Subsidiary of a Loan
Party which is not a “United States person” within the meaning of Section 7701(a)(30) of the Code
unless such Subsidiary is not a direct or indirect subsidiary of Holdings. Each Lender and L/C
Issuer agrees promptly to notify the Borrower and the Administrative Agent after any such set off
and application made by such Lender or L/C Issuer, as the case may be; provided, that the failure
to give such notice shall not affect the validity of such setoff and application. The rights of
the Administrative Agent, each Lender and each L/C Issuer under this Section 10.09 are in addition
to other rights and remedies (including other rights of setoff) that the Administrative Agent, such
Lender and such L/C Issuer may have.

              SECTION 10.10. Interest Rate Limitation. Notwithstanding anything to the contrary
contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents
shall not exceed the amount collectible at the maximum rate of non-usurious interest permitted by
applicable Law (the “Maximum Rate”). If any Agent or any Lender shall receive interest in an
amount that exceeds the amount collectible at the Maximum Rate, the excess interest shall be
applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the
Borrower. In determining whether the interest contracted for, charged, or received by an Agent or
a Lender exceeds the amount collectible at the Maximum Rate, such Person may, to the extent
permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee,
or premium rather than interest, (b) exclude voluntary prepayments

172

 

     and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal
parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

              SECTION 10.11. Counterparts. This Agreement and each other Loan Document may be
executed in one or more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. Delivery by telecopier of an executed
counterpart of a signature page to this Agreement and each other Loan Document shall be effective
as delivery of an original executed counterpart of this Agreement and such other Loan Document.
The Agents may also require that any such documents and signatures delivered by telecopier be
confirmed by a manually signed original thereof; provided that the failure to request or deliver
the same shall not limit the effectiveness of any document or signature delivered by telecopier.

              SECTION 10.12. Integration. This Agreement, together with the other Loan Documents,
comprises the complete and integrated agreement of the parties on the subject matter hereof and
thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event
of any conflict between the provisions of this Agreement and those of any other Loan Document, the
provisions of this Agreement shall control.

              SECTION 10.13. Survival of Representations and Warranties. All representations and
warranties made hereunder and in any other Loan Document or other document delivered pursuant
hereto or thereto or in connection herewith or therewith shall survive the execution and delivery
hereof and thereof, and shall continue in full force and effect as long as any Loan or any other
Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain
outstanding.

              SECTION 10.14. Severability. If any provision of this Agreement or the other Loan
Documents is held to be illegal, invalid or unenforceable, the legality, validity and
enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not
be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction.

              SECTION 10.15. GOVERNING LAW.

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

              (b) ANY LEGAL ACTION OR PROCEEDING ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED
WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO
ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR
HEREAFTER ARISING, MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY
OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH

173

 

STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWER, HOLDINGS, EACH AGENT AND
EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION
OF THOSE COURTS. TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE BORROWER, HOLDINGS, EACH AGENT AND
EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR
BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF
ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT
RELATED THERETO.

              SECTION 10.16. WAIVER OF RIGHT TO TRIAL BY JURY. TO THE EXTENT PERMITTED UNDER
APPLICABLE LAW, EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF
ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY
CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH
RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW
EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY
HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED
BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL
COUNTERPART OR A COPY OF THIS SECTION 10.16 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF
THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

              SECTION 10.17. Binding Effect. This Agreement shall become effective when it shall
have been executed by the Borrower and Holdings and the Administrative Agent shall have been
notified by each Lender, Swing Line Lender and L/C Issuer that each such Lender, Swing Line Lender
and L/C Issuer has executed it and thereafter shall be binding upon and inure to the benefit of the
Borrower, Holdings, each Agent and each Lender and their respective successors and assigns.

              SECTION 10.18. Lender Action. Each Lender agrees that it shall not take or institute
any actions or proceedings, judicial or otherwise, for any right or remedy against any Loan Party
or any other obligor under any of the Loan Documents or the Secured Hedge Agreements (including the
exercise of any right of setoff, rights on account of any banker’s lien or similar claim or other
rights of self-help), or institute any actions or proceedings, or otherwise commence any remedial
procedures, with respect to any Collateral or any other property of any such Loan Party, without
the prior written consent of the Administrative Agent. The provision of this Section 10.18 are for
the sole benefit of the Lenders and shall not afford any right to, or constitute a defense
available to, any Loan Party.

174

 

              SECTION 10.19. USA PATRIOT Act. Each Lender hereby notifies the Borrower that
pursuant to the requirements of the USA PATRIOT 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 to identify the Borrower in accordance
with the USA PATRIOT Act.

              SECTION 10.20. No Advisory or Fiduciary Responsibility. In connection with all
aspects of each transaction contemplated hereby, the Borrower acknowledges and agrees, and
acknowledges its Affiliates’ understanding, that: (i) the credit facilities provided for hereunder
and any related arranging or other services in connection therewith (including in connection with
any amendment, waiver or other modification hereof or of any other Loan Document) are an
arm’s-length commercial transaction between the Borrower and its Affiliates, on the one hand, and
the Administrative Agent and the Arrangers, on the other hand, and the Borrower is capable of
evaluating and understanding and understands and accepts the terms, risks and conditions of the
transactions contemplated hereby and by the other Loan Documents (including any amendment, waiver
or other modification hereof or thereof); (ii) in connection with the process leading to such
transaction, the Administrative Agent and, each Arranger each is and has been acting solely as a
principal and is not the financial advisor, agent or fiduciary, for the Borrower or any of its
Affiliates, stockholders, creditors or employees or any other Person; (iii) neither the
Administrative Agent nor any Arranger has assumed or will assume an advisory, agency or fiduciary
responsibility in favor of the Borrower with respect to any of the transactions contemplated hereby
or the process leading thereto, including with respect to any amendment, waiver or other
modification hereof or of any other Loan Document (irrespective of whether the Administrative Agent
or any Arranger has advised or is currently advising the Borrower or any of its Affiliates on other
matters) and neither the Administrative Agent nor any Arranger has any obligation to the Borrower
or any of its Affiliates with respect to the transactions contemplated hereby except those
obligations expressly set forth herein and in the other Loan Documents; (iv) the Administrative
Agent and the Arrangers 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 Affiliates, and
neither the Administrative Agent nor any Arranger has any obligation to disclose any of such
interests by virtue of any advisory, agency or fiduciary relationship; and (v) the Administrative
Agent and the Arrangers have not provided and will not provide any legal, accounting, regulatory or
tax advice with respect to any of the transactions contemplated hereby (including any amendment,
waiver or other modification hereof or of any other Loan Document) and the Borrower has consulted
its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate.
The Borrower hereby waives and releases, to the fullest extent permitted by law, any claims that it
may have against the Administrative Agent and the Arrangers with respect to any breach or alleged
breach of agency or fiduciary duty.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

175

 

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

	 	 	 	 	 	 	 	 	 
	 	 	IASIS HEALTHCARE LLC, as Borrower,	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	  /s/ W. Carl Whitmer	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	W. Carl Whitmer	 	 
	 

	 	 	 	Title:
	 	Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	IASIS HEALTHCARE CORPORATION, as Holdings,	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	   /s/ John M. Doyle	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	John M. Doyle	 	 
	 

	 	 	 	Title:
	 	Chief Accounting Officer	 	 

 [IASIS Credit Agreement]

 

 

	 	 	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., as Administrative Agent	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	  /s/ Kevin L. Ahart	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Kevin L. Ahart	 	 
	 

	 	 	 	Title:
	 	Assistant Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., as Swing Line Lender,	 	 
	 	 	Revolving L/C Issuer, Synthetic L/C Issuer and	 	 
	 	 	as a Lender,	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	  John A. Fulton	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	John A. Fulton	 	 
	 

	 	 	 	Title:
	 	Vice President	 	 

[IASIS Credit Agreement]

 

 

	 	 	 	 	 	 	 	 	 
	LENDER: 	 	Citicorp North
America, Inc.

[Insert Lender Name Above]	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	  /s/ Blake
Gronich	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Blake Gronich	 	 
	 

	 	 	 	Title:
	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 

AMENDED
AND RESTATED CREDIT AGREEMENT

IASIS HEALTHCARE LLC

APRIL 2007

 

 

	 	 	 	 	 	 	 	 	 
	LENDER: 	 	Lehman Brothers
Commercial Bank

[Insert Lender Name Above]	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	  /s/ Brian
McNany	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Brian McNany	 	 
	 

	 	 	 	Title:
	 	Authorized Signatory	 	 
	 
	 	 	 	 	 	 	 	 

AMENDED
AND RESTATED CREDIT AGREEMENT

IASIS HEALTHCARE LLC

APRIL 2007

 

 

	 	 	 	 	 	 	 	 	 
	LENDER: 	 	MERRILL LYNCH
CAPITAL CORPORATION

	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	  /s/ Michael
E. O’Brien	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Michael E. O’Brien	 	 
	 

	 	 	 	Title:
	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 

AMENDED
AND RESTATED CREDIT AGREEMENT

IASIS HEALTHCARE LLC

APRIL 2007

 

 

	 	 	 	 	 	 	 	 	 
	LENDER: 	 	LASALLE BANK
NATIONAL ASSOCIATION

	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	  /s/ Sophia
Taylor	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Sophia Taylor	 	 
	 

	 	 	 	Title:
	 	First Vice President	 	 
	 
	 	 	 	 	 	 	 	 

AMENDED
AND RESTATED CREDIT AGREEMENT

IASIS HEALTHCARE LLC

APRIL 2007

 

 

	 	 	 	 	 	 	 	 	 
	LENDER: 	 	GENERAL ELECTRIC
CAPITAL CORPORATION

	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	  /s/ Peter
B. Zone	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Peter B. Zone	 	 
	 

	 	 	 	Title:
	 	Duly Authorized Signatory	 	 
	 
	 	 	 	 	 	 	 	 

AMENDED
AND RESTATED CREDIT AGREEMENT

IASIS HEALTHCARE LLC

APRIL 2007

 

 

	 	 	 	 	 	 	 	 	 
	LENDER: 	 	CAPITAL SOURCE
FINANCE LLC

	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	  /s/ Patrick
L. Coffey	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Patrick L. Coffey	 	 
	 

	 	 	 	Title:
	 	Director — Healthcare & Specialty
Finance	 	 
	 
	 	 	 	 	 	 	 	 

AMENDED
AND RESTATED CREDIT AGREEMENT

IASIS HEALTHCARE LLC

APRIL 2007

 

 

	 	 	 	 	 	 	 	 	 
	LENDER: 	 	THE FOOTHILL
GROUP, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	  /s/ Richard
Bohannon	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Richard Bohannon	 	 
	 

	 	 	 	Title:
	 	Senior Vice President	 	 
	 
	 	 	 	 	 	 	 	 

AMENDED
AND RESTATED CREDIT AGREEMENT

IASIS HEALTHCARE LLC

APRIL 2007

 

 

	 	 	 	 	 	 	 	 	 
	LENDER: 	 	Fifth Third Bank	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	  /s/ John
Stringfield	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	John Stringfield	 	 
	 

	 	 	 	Title:
	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 

AMENDED
AND RESTATED CREDIT AGREEMENT

IASIS HEALTHCARE LLC

APRIL 2007

 

 

EXHIBIT A

FORM OF

COMMITTED LOAN NOTICE

To: Bank of America, N.A., as Administrative Agent

[Date]

     Ladies and Gentlemen:

          Reference is made to the Credit Agreement dated as of April 27, 2007 (as amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”), among IASIS Healthcare
LLC (the “Borrower”), IASIS Healthcare Corporation, Bank of America, N.A., as
administrative agent (in such capacity, the “Administrative Agent”), Swing Line Lender,
Revolving L/C Issuer and Synthetic L/C Issuer, and each lender from time to time party thereto.
Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to
such terms in the Credit Agreement.

The Borrower hereby gives you notice, irrevocably, pursuant to Section 2.02(a) of the Credit
Agreement, that it hereby requests (select one):

	 	q	 	A Borrowing of new Loans
	 
	 	q	 	A conversion of Loans
	 
	 	q	 	A continuation of Loans

to be made on the terms set forth below:

	 	 	 	 	 
	(A)

	 	Class of Borrowing1	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	(B)

	 	Date of Borrowing, conversion or
continuation (which is a Business Day)	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	(C)

	 	Principal amount	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	(D)

	 	Type of Loan2	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	(E)

	 	Interest Period3	 	 
	 

	 	 	 	 

 

			
	1	 	Revolving Credit, Synthetic L/C Loan, Initial
Term Loan or Delayed Draw Term Loan.
	 
	2	 	Specify LIBOR or Base Rate.

 

 

          The undersigned hereby certifies that the following statements will be true on the date of the
proposed borrowing:

          (a) The representations and warranties of the Borrower contained in Article V of the Credit
Agreement will be true and correct in all material respects; provided that to the extent that such
representations and warranties specifically refer to an earlier date, they will be true and correct
in all material respects as of such earlier date; provided, further, that any representation and
warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language will
be true and correct (after giving effect to any qualification therein) in all respects on such
respective dates.

          (b) No Default will exist or would result from the borrowing of the Loans or from the
application of the proceeds thereof.

          (c) To the extent the Senior Subordinated Notes Indenture is in effect at the time of such
borrowing, such borrowing would be permitted by the terms of the Senior Subordinated Notes
Indenture.

 

			
	3	 	Applicable for LIBOR Borrowings/Loans only.

2

 

	 	 	 	 	 
	 	IASIS HEALTHCARE LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

3

 

EXHIBIT B

FORM OF

SWING LINE LOAN NOTICE

To: Bank of America, N.A., as Administrative Agent

[Date]

Ladies and Gentlemen:

          Reference is made to the Credit Agreement dated as of April 27, 2007 (as amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”), among IASIS Healthcare
LLC (the “Borrower”), IASIS Healthcare Corporation, Bank of America, N.A., as
administrative agent (in such capacity, the “Administrative Agent”), Swing Line Lender,
Revolving L/C Issuer and Synthetic L/C Issuer, and each lender from time to time party thereto.
Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to
such terms in the Credit Agreement. The undersigned hereby gives you notice pursuant to Section
2.04(b) of the Credit Agreement that the Borrower requests a Swing Line Borrowing under the Credit
Agreement with the terms set forth below:

	 	 	 	 	 
	(A)

	 	Principal Amount to be Borrowed1	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	(B)

	 	Date of Borrowing (which is a Business Day)	 	 
	 

	 	 	 	 

          The above request has been made to the Swing Line Lender and the Administrative Agent by
telephone at [                      ].

 

			
	1	 	Shall be a minimum of $100,000.

 

 

	 	 	 	 	 
	 	IASIS HEALTHCARE LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

2

 

EXHIBIT C-1

LENDER: [•]

PRINCIPAL AMOUNT: $[•]

FORM OF

INITIAL TERM NOTE

New York, New York

[Date]

          FOR VALUE RECEIVED, the undersigned, IASIS HEALTHCARE LLC, a Delaware limited liability
company (the “Borrower”), hereby promises to pay to the Lender set forth above (the
“Lender”) or its registered assigns, in lawful money of the United States of America in
immediately available funds at the Administrative Agent’s Office (such term, and each other
capitalized term used but not defined herein, having the meaning assigned to it in the Credit
Agreement dated as of April 27, 2007 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among the Borrower, IASIS Healthcare Corporation, Bank of
America, N.A., as administrative agent (in such capacity, the “Administrative Agent”),
Swing Line Lender, Revolving L/C Issuer and Synthetic L/C Issuer, and each lender from time to time
party thereto) (i) on the dates set forth in the Credit Agreement, the principal amounts set forth
in the Credit Agreement with respect to the Initial Term Loan made by the Lender to the Borrower
pursuant to Section 2.01(a)(i) of the Credit Agreement and (ii) on each Interest Payment Date,
interest at the rate or rates per annum as provided in the Credit Agreement on the unpaid principal
amount of the Initial Term Loan made by the Lender to the Borrower pursuant to the Credit
Agreement.

          The Borrower promises to pay interest, on demand, on any overdue principal and, to the extent
permitted by law, overdue interest from their due dates at the rate or rates provided in the Credit
Agreement.

          The Borrower hereby waives diligence, presentment, demand, protest and notice of any kind
whatsoever. The nonexercise by the holder hereof of any of its rights hereunder in any particular
instance shall not constitute a waiver thereof in that or any subsequent instance.

          All borrowings evidenced by this note and all payments and prepayments of the principal hereof
and interest hereon and the respective dates thereof shall be endorsed by the holder hereof on the
schedule attached hereto and made a part hereof or on a continuation thereof which shall be
attached hereto and made a part hereof, or otherwise recorded by such holder in its internal
records; provided, however, that the
failure of the holder hereof to make such a notation or any error in such notation shall not
affect the obligations of the Borrower under this note.

 

 

          Upon the occurrence and continuation of one or more of the Events of Default specified in
Section 8.01 of the Credit Agreement, all amounts then remaining unpaid under this Note shall
become, or may be declared to be, immediately due and payable as provided in the Credit Agreement.

          This note is one of the Initial Term Notes referred to in the Credit Agreement that, among
other things, contains provisions for the acceleration of the maturity hereof upon the happening of
certain events, for optional and mandatory prepayment of the principal hereof prior to the maturity
hereof and for the amendment or waiver of certain provisions of the Credit Agreement, all upon the
terms and conditions therein specified.

          THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

2

 

	 	 	 	 	 
	 	IASIS HEALTHCARE LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

3

 

LOANS AND PAYMENTS

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Name of	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Person	 
	 	 	 	 	 	 	 	 	 	 	Payments of	 	 	Principal	 	 	Making the	 
	Date	 	Amount of Loan	 	 	Maturity Date	 	 	Principal/Interest	 	 	Balance of Note	 	 	Notation	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

4

 

EXHIBIT C-2

LENDER: [•]

PRINCIPAL AMOUNT: $[•]

FORM OF

DELAYED DRAW TERM NOTE

New York, New York

[Date]

          FOR VALUE RECEIVED, the undersigned, IASIS HEALTHCARE LLC, a Delaware limited liability
company (the “Borrower”), hereby promises to pay to the Lender set forth above (the
“Lender”) or its registered assigns, in lawful money of the United States of America in
immediately available funds at the Administrative Agent’s Office (such term, and each other
capitalized term used but not defined herein, having the meaning assigned to it in the Credit
Agreement dated as of April 27, 2007 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among the Borrower, IASIS Healthcare Corporation, Bank of
America, N.A., as administrative agent (in such capacity, the “Administrative Agent”),
Swing Line Lender, Revolving L/C Issuer and Synthetic L/C Issuer, and each lender from time to time
party thereto) (i) on the dates set forth in the Credit Agreement, the principal amounts set forth
in the Credit Agreement with respect to all Delayed Draw Term Loans made by the Lender to the
Borrower pursuant to Section 2.01(a)(ii) of the Credit Agreement and (ii) on each Interest Payment
Date, interest at the rate or rates per annum as provided in the Credit Agreement on the unpaid
principal amount of all Delayed Draw Term Loans made by the Lender to the Borrower pursuant to the
Credit Agreement.

          The Borrower promises to pay interest, on demand, on any overdue principal and, to the extent
permitted by law, overdue interest from their due dates at the rate or rates provided in the Credit
Agreement.

          The Borrower hereby waives diligence, presentment, demand, protest and notice of any kind
whatsoever. The nonexercise by the holder hereof of any of its rights hereunder in any particular
instance shall not constitute a waiver thereof in that or any subsequent instance.

          All borrowings evidenced by this note and all payments and prepayments of the principal hereof
and interest hereon and the respective dates thereof shall be endorsed by the holder hereof on the
schedule attached hereto and made a part hereof or on a continuation thereof which shall be
attached hereto and made a part hereof, or otherwise recorded by such holder in its internal
records; provided, however, that the
failure of the holder hereof to make such a notation or any error in such notation shall not
affect the obligations of the Borrower under this note.

2

 

          Upon the occurrence and continuation of one or more of the Events of Default specified in
Section 8.01 of the Credit Agreement, all amounts then remaining unpaid under this Note shall
become, or may be declared to be, immediately due and payable as provided in the Credit Agreement.

          This note is one of the Delayed Draw Term Notes referred to in the Credit Agreement that,
among other things, contains provisions for the acceleration of the maturity hereof upon the
happening of certain events, for optional and mandatory prepayment of the principal hereof prior to
the maturity hereof and for the amendment or waiver of certain provisions of the Credit Agreement,
all upon the terms and conditions therein specified.

          THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

2

 

	 	 	 	 	 
	 	IASIS HEALTHCARE LLC

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

LOANS AND PAYMENTS

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Name of	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Person	 
	 	 	 	 	 	 	 	 	 	 	Payments of	 	 	Principal	 	 	Making the	 
	Date	 	Amount of Loan	 	 	Maturity Date	 	 	Principal/Interest	 	 	Balance of Note	 	 	Notation	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

2

 

EXHIBIT C-3

LENDER: [•]
PRINCIPAL AMOUNT: $

FORM OF

REVOLVING CREDIT NOTE

New York, New York

[Date]

          FOR VALUE RECEIVED, the undersigned, IASIS HEALTHCARE LLC, a Delaware limited liability
company (the “Borrower”), hereby severally promises to pay to the Lender set forth above
(the “Lender”) or its registered assigns, in immediately available funds at the relevant
Administrative Agent’s Office (such term, and each other capitalized term used but not defined
herein, having the meaning assigned to it in the Credit Agreement dated as of April 27, 2007 (as
amended, supplemented or otherwise modified from time to time, the “Credit Agreement”),
among the Borrower, IASIS Healthcare Corporation, Bank of America, N.A., as administrative agent
(in such capacity, the “Administrative Agent”), Swing Line Lender, Revolving L/C Issuer and
Synthetic L/C Issuer, and each lender from time to time party thereto) (A) on the dates set forth
in the Credit Agreement, the lesser of (i) the principal amount set forth above and (ii) the
aggregate unpaid principal amount of all Revolving Credit Loans made by the Lender to the Borrower
pursuant to the Credit Agreement, and (B) interest from the date hereof on the principal amount
from time to time outstanding on each such Revolving Credit Loan at the rate or rates per annum and
payable on such dates as provided in the Credit Agreement in lawful money of the United States of
America.

          The Borrower promises to pay interest, on demand, on any overdue principal and, to the extent
permitted by law, overdue interest from their due dates at a rate or rates provided in the Credit
Agreement.

          The Borrower hereby waives diligence, presentment, demand, protest and notice of any kind
whatsoever. The nonexercise by the holder hereof of any of its rights hereunder in any particular
instance shall not constitute a waiver thereof in that or any subsequent instance.

          All borrowings evidenced by this note and all payments and prepayments of the principal hereof
and interest hereon and the respective dates thereof shall be endorsed by the holder hereof on the
schedule attached hereto and made a part hereof or on a continuation thereof which shall be
attached hereto and made a part hereof, or otherwise recorded by such holder in its internal
records; provided, however, that the
failure of the holder hereof to make such a notation or any error in such notation shall not
affect the obligations of the Borrower under this note.

 

 

          Upon the occurrence and continuation of one or more of the Events of Default specified in
Section 8.01 of the Credit Agreement, all amounts then remaining unpaid under this Note shall
become, or may be declared to be, immediately due and payable as provided in the Credit Agreement.

          This note is one of the Revolving Credit Notes referred to in the Credit Agreement that, among
other things, contains provisions for the acceleration of the maturity hereof upon the happening of
certain events, for optional and mandatory prepayment of the principal hereof prior to the maturity
hereof and for the amendment or waiver of certain provisions of the Credit Agreement, all upon the
terms and conditions therein specified.

          THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

2

 

	 	 	 	 	 
	 	IASIS HEALTHCARE LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

3

 

LOANS AND PAYMENTS

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Name of	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Person	 
	 	 	 	 	 	 	 	 	 	 	Payments of	 	 	Principal	 	 	Making the	 
	Date	 	Amount of Loan	 	 	Maturity Date	 	 	Principal/Interest	 	 	Balance of Note	 	 	Notation	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

4

 

EXHIBIT C-4

LENDER: [•]

FORM OF

SYNTHETIC L/C NOTE

New York, New York

[Date]

          FOR VALUE RECEIVED, the undersigned, IASIS HEALTHCARE LLC, a Delaware limited liability
company (the “Borrower”), hereby promises to pay to the Lender set forth above (the
“Lender”) or its registered assigns, in lawful money of the United States of America in
immediately available funds at the Administrative Agent’s Office (such term, and each other
capitalized term used but not defined herein, having the meaning assigned to it in the Credit
Agreement dated as of April 27, 2007 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among the Borrower, IASIS Healthcare Corporation, Bank of
America, N.A., as administrative agent (in such capacity, the “Administrative Agent”),
Swing Line Lender, Revolving L/C Issuer and Synthetic L/C Issuer, and each lender from time to time
party thereto) (i) on the dates set forth in the Credit Agreement, the principal amounts set forth
in the Credit Agreement with respect to all Synthetic L/C Loans made by the Lender to the Borrower
pursuant to Section 2.03(c) of the Credit Agreement and (ii) on each Interest Payment Date,
interest at the rate or rates per annum as provided in the Credit Agreement on the unpaid principal
amount of all Synthetic L/C Loans made by the Lender to the Borrower pursuant to the Credit
Agreement.

          The Borrower promises to pay interest, on demand, on any overdue principal and, to the extent
permitted by law, overdue interest from their due dates at the rate or rates provided in the Credit
Agreement.

          The Borrower hereby waives diligence, presentment, demand, protest and notice of any kind
whatsoever. The nonexercise by the holder hereof of any of its rights hereunder in any particular
instance shall not constitute a waiver thereof in that or any subsequent instance.

          All borrowings evidenced by this note and all payments and prepayments of the principal hereof
and interest hereon and the respective dates thereof shall be endorsed by the holder hereof on the
schedule attached hereto and made a part hereof or on a continuation thereof which shall be
attached hereto and made a part hereof, or otherwise recorded by such holder in its internal
records; provided, however, that the
failure of the holder hereof to make such a notation or any error in such notation shall not
affect the obligations of the Borrower under this note.

 

 

          Upon the occurrence and continuation of one or more of the Events of Default specified in
Section 8.01 of the Credit Agreement, all amounts then remaining unpaid under this Note shall
become, or may be declared to be, immediately due and payable as provided in the Credit Agreement.

          This note is one of the Synthetic L/C Notes referred to in the Credit Agreement that, among
other things, contains provisions for the acceleration of the maturity hereof upon the happening of
certain events, for optional and mandatory prepayment of the principal hereof prior to the maturity
hereof and for the amendment or waiver of certain provisions of the Credit Agreement, all upon the
terms and conditions therein specified.

          THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

2

 

	 	 	 	 	 
	 	IASIS HEALTHCARE LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

3

 

	 	 	 	 	 

LOANS AND PAYMENTS

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Name of	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Person	 
	 	 	 	 	 	 	 	 	 	 	Payments of	 	 	Principal	 	 	Making the	 
	Date	 	Amount of Loan	 	 	Maturity Date	 	 	Principal/Interest	 	 	Balance of Note	 	 	Notation	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

4

 

EXHIBIT D

FORM OF

COMPLIANCE CERTIFICATE

          Reference is made to the Credit Agreement dated as of April 27, 2007 (as amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”), among IASIS Healthcare
LLC (the “Borrower”), IASIS Healthcare Corporation, Bank of America, N.A., as
administrative agent (in such capacity, the “Administrative Agent”), Swing Line Lender,
Revolving L/C Issuer and Synthetic L/C Issuer, and each lender from time to time party thereto.
Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to
such terms in the Credit Agreement. Pursuant to Section 6.02(a) of the Credit Agreement, the
undersigned, in his/her capacity as a Responsible Officer of the Borrower, certifies as follows:

	 	[1.	 	 Pursuant to Section 6.01(a) of the Credit Agreement, the Borrower has
delivered to the Administrative Agent the consolidated balance sheet of the Borrower
and its Subsidiaries as at the end of [insert fiscal year], and the related
consolidated statements of operations, members’ equity and cash flows for such fiscal
year, setting forth in each case in comparative form the figures for the previous
fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited
and accompanied by a report and opinion of Ernst & Young LLP or other independent
registered public accounting firm of nationally recognized standing, prepared in
accordance with generally accepted auditing standards.
	 
	 	2.	 	Attached hereto as Exhibit A is a description of each event, condition or
circumstance during the last fiscal quarter covered by this Compliance Certificate
requiring a mandatory prepayment under Section 2.05(b) of the Credit Agreement.
	 
	 	3.	 	Attached hereto as Exhibit B is a list of each Subsidiary of the Borrower
that identifies each Subsidiary as a Restricted Subsidiary or an Unrestricted
Subsidiary as of the date of delivery of this Compliance Certificate or a confirmation
that there is no change in such information since the later of the Closing Date or the
date of the last such list delivered to the Administrative Agent.]
	 
	 	[1.	 	 Pursuant to Section 6.01(b) of the Credit Agreement, the Borrower has
delivered to the Administrative Agent (A) the consolidated balance sheet of the
Borrower and its Subsidiaries as at the end of [insert fiscal quarter], and the
related (i) consolidated statements of operations for such fiscal quarter and for the
portion of the fiscal year then ended and (ii) consolidated statements of cash flows
for the portion of the fiscal year
then ended, setting forth in each case in comparative form the figures for the
corresponding fiscal quarter of the previous fiscal year and the corresponding
portion of the previous fiscal year in reasonable detail and

 

 

	 	(B)	 	a certification by
a Responsible Officer of the Borrower that such financial statements fairly present
in all material respects the financial condition, results of operations, members’
equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP,
subject only to changes resulting from normal year-end audit adjustments and
subject to the absence of footnotes.]

	 	[4.][2.]	 	 To my knowledge, except as otherwise disclosed to the Administrative Agent in
writing pursuant to the Credit Agreement, at no time during the period between [ ]
and [  ] (the “Certificate Period”) did a Default or an Event of Default
exist. [If unable to provide the foregoing certification, fully describe the reasons
therefor and circumstances thereof and any action taken or proposed to be taken with
respect thereto on Annex A attached hereto.]

          IN WITNESS WHEREOF, the undersigned, solely in his/her capacity as a Responsible Officer of
the Borrower, has executed this certificate for and on behalf of the Borrower and has caused this
certificate to be delivered this ___day of ___.

	 	 	 	 	 
	 	IASIS HEALTHCARE LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

2

 

EXHIBIT E

ASSIGNMENT AND ASSUMPTION

This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the
Effective Date set forth below and is entered into by and between [the][each]1 Assignor
identified in item 1 below ([the][each, an] “Assignor”) and [the][each]2
Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and
agreed that the rights and obligations of [the Assignors][the Assignees]3 hereunder are
several and not joint.]4 Capitalized terms used but not defined herein shall have the
meanings given to them in the Credit Agreement identified below (the “Credit Agreement”),
receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and
Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by
reference and made a part of this Assignment and Assumption as if set forth herein in full.

For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the
Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and
assumes from [the Assignor][the respective Assignors], subject to and in accordance with the
Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’]
rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under
the Credit Agreement and any other documents or instruments delivered pursuant thereto to the
extent related to the amount and percentage interest identified below of all of such outstanding
rights and obligations of [the Assignor][the respective Assignors] under the respective facilities
identified below (including, without limitation, the Letters of Credit and the Swing Line Loans
included in such facilities 5 ) and (ii) to the extent permitted to be
assigned under
applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its
capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)]
against any Person, whether known or unknown, arising under or in connection with the Credit
Agreement, any other documents or instruments delivered pursuant

 

			
	1	 	For bracketed language here and elsewhere in
this form relating to the Assignor(s), if the assignment is from a single
Assignor, choose the first bracketed language. If the assignment is from
multiple Assignors, choose the second bracketed language.
	 
	2	 	For bracketed language here and elsewhere in
this form relating to the Assignee(s), if the assignment is to a single
Assignee, choose the first bracketed language. If the assignment is to
multiple Assignees, choose the second bracketed language.
	 
	3	 	Select as appropriate.
	 
	4	 	Include bracketed language if there are either
multiple Assignors or multiple Assignees.
	 
	5	 	Include all applicable subfacilities.

3

 

thereto or the loan transactions
governed thereby or in any way based on or related to any of the foregoing, including, but not
limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims
at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i)
above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee
pursuant to clauses (i) and (ii) above being referred to herein collectively as [ the][an]
“Assigned Interest”). Each such sale and assignment is without recourse to [the][any]
Assignor and, except as expressly provided in this Assignment and Assumption, without
representation or warranty by [the][any] Assignor.

	 	 	 	 	 	 	 
	1.

	 	Assignor[s]:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	2.

	 	Assignee[s]:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]
	 
	 	 	 	 	 	 
	3.	 	Borrower(s): IASIS Healthcare LLC
	 
	 	 	 	 	 	 
	4.	 	Administrative Agent: Banc of America, N.A., as the administrative agent under the Credit Agreement
	 
	 	 	 	 	 	 
	5.	 	Credit Agreement: Credit Agreement, dated as of April 27, 2007, among IASIS Healthcare LLC (the “Borrower”), IASIS Healthcare Corporation, Bank of America, N.A., as administrative agent, Swing Line Lender, Revolving L/C Issuer and Synthetic L/C Issuer, and each lender from time to time party thereto.
	 
	 	 	 	 	 	 
	6.	 	Assigned Interest:

2

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Aggregate	 	Amount of	 	Percentage	 	 
	 	 	 	 	Amount of	 	Commitment/	 	Assigned of	 	 
	 	 	 	 	Commitment/Loans	 	Loans	 	Commitment/	 	CUSIP
	Assignor[s]6	 	Assignee[s]7	for all Lenders8	Assigned	Loans9	Number
	 

	 	 	 	$                    
	 	$                    
	 	                    %	 	 
	 

	 	 	 	$                    
	 	$                    
	 	                    %	 	 
	 

	 	 	 	$                    
	 	$                    
	 	                    %	 	 

[7. Trade Date:                     ]10

Effective Date:                     , 20___[TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL
BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

     The terms set forth in this Assignment and Assumption are hereby agreed to:

	 	 	 	 	 
	 	ASSIGNOR

[NAME OF ASSIGNOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

 

			
	6	 	List each Assignor, as appropriate.
	 
	7	 	List each Assignee, as appropriate.
	 
	8	 	Amounts in this column and in the column
immediately to the right to be adjusted by the counterparties to take into
account any payments or prepayments made between the Trade Date and the
Effective Date.
	 
	9	 	Set forth, to at least 9 decimals, as a
percentage of the Commitment/Loans of all Lenders thereunder.
	 
	10	 	To be completed if the Assignor and the
Assignee intend that the minimum assignment amount is to be determined as of
the Trade Date.

3

 

	 	 	 	 	 
	 	ASSIGNEE

[NAME OF ASSIGNEE]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

[Consented to and]11 Accepted:

BANK OF AMERICA, N.A., as

Administrative Agent

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Title:
	 	 

 

			
	11	 	To be added only if the consent of the
Administrative Agent is required by the terms of the Credit Agreement.

4

 

	 	 	 	 	 
	IASIS

	 	HEALTHCARE LLC	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title: 12	 	 

 

			
	12	 	No consent of the Borrower shall be required
for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or,
if an Event of Default under Section 8.01(a) or, solely with respect to the
Borrower, Section 8.01(f) of the Credit Agreement has occurred and is
continuing, any Assignee.

5

 

Annex I

CREDIT AGREEMENT1

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

     1. Representations and Warranties.

     1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any
lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken
all action necessary, to execute and deliver this Assignment and Assumption and to consummate the
transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any
statements, warranties or representations made in or in connection with the Credit Agreement, (ii)
the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit
Agreement, (iii) the financial condition of Holdings, the Borrower, or any of their Subsidiaries or
Affiliates or any other Person obligated in respect of the Credit Agreement or (iv) the performance
or observance by Holdings, the Borrower, or any of their Subsidiaries or Affiliates or any other
Person of any of their obligations under the Credit Agreement.

     1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power
and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and to become a Lender under the
Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement
that are required to be satisfied by it in order to acquire the Assigned Interest and become a
Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the
obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire
assets of the type represented by the Assigned Interest and either it, or the person exercising
discretion in making its decisions to acquire the Assigned Interest, is experienced in acquiring
assets of such type, (v) it has received a copy of the Credit Agreement, together with copies of
the most recent financial statements delivered pursuant to Section 6.01 thereof, and such other
documents and information as it has deemed appropriate to make its own credit analysis and decision
to enter into this Assignment and Assumption and to purchase the Assigned Interest on the
basis of which it has made such analysis and decision independently and without reliance on any
Agent or any other Lender, and (vi) if it is a Foreign Lender, attached to

 

			
	1	 	Capitalized terms used herein and not
otherwise defined herein shall have the meanings assigned to such terms in the
Credit Agreement dated as of April 27, 2007 (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”),
among IASIS Healthcare LLC (the “Borrower”), IASIS
Healthcare Corporation, Bank of America, N.A., as administrative agent (in such
capacity, the “Administrative Agent”), Swing Line Lender,
Revolving L/C Issuer and Synthetic L/C Issuer, and each lender from time to
time party thereto (collectively, the “Lenders” and individually, a
“Lender”).

 

 

this Assignment and
Assumption is any documentation required to be delivered by it pursuant to Section 3.01 of the
Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will,
independently and without reliance on the Assignor, any Agent or any other Lender, and based on
such documents and information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under the Credit Agreement, and (ii) it will
perform in accordance with their terms all of the obligations which by the terms of the Credit
Agreement are required to be performed by it as a Lender.

     2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of the Assigned Interest (including payments of principal, interest, fees
and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective
Date and to the Assignee for amounts which have accrued from and after the Effective Date.

     3. General Provisions. This Assignment and Assumption shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns. This
Assignment and Assumption may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature page of this
Assignment and Assumption by facsimile or other electronic transmission shall be as effective as
delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and
Assumption shall be construed in accordance with and governed by the law of the State of New York.

2

 

EXHIBIT F

FORM OF

GUARANTY

 

 

Execution Copy

 

GUARANTY

dated as of

April 27, 2007

among

IASIS HEALTHCARE CORPORATION,

as Holdings

CERTAIN SUBSIDIARIES OF IASIS HEALTHCARE LLC

IDENTIFIED HEREIN

and

BANK OF AMERICA, N.A.,

as Administrative Agent

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 

	 	ARTICLE I	 	 	 	 
	 

	 	DEFINITIONS	 	 	 	 
	SECTION 1.01.

	 	Credit Agreement
	 	 	1	 
	SECTION 1.02.

	 	Other Defined Terms
	 	 	1	 
	 

	 	ARTICLE II	 	 	 	 
	 

	 	GUARANTY	 	 	 	 
	SECTION 2.01.

	 	Guaranty
	 	 	2	 
	SECTION 2.02.

	 	Guaranty of Payment
	 	 	2	 
	SECTION 2.03.

	 	No Limitations
	 	 	2	 
	SECTION 2.04.

	 	Reinstatement
	 	 	3	 
	SECTION 2.05.

	 	Agreement To Pay; Subrogation
	 	 	3	 
	SECTION 2.06.

	 	Information
	 	 	4	 
	 

	 	ARTICLE III	 	 	 	 
	 

	 	INDEMNITY, SUBROGATION AND SUBORDINATION	 	 	 	 
	SECTION 3.01.

	 	Indemnity and Subrogation
	 	 	4	 
	SECTION 3.02.

	 	Contribution and Subrogation
	 	 	4	 
	SECTION 3.03.

	 	Subordination
	 	 	4	 
	 

	 	ARTICLE IV	 	 	 	 
	 

	 	MISCELLANEOUS	 	 	 	 
	SECTION 4.01.

	 	Notices
	 	 	5	 
	SECTION 4.02.

	 	Waivers; Amendment
	 	 	5	 
	SECTION 4.03.

	 	Counterparts; Effectiveness; Successors and Assigns; Several
Agreement
	 	 	5	 
	SECTION 4.04.

	 	Severability
	 	 	6	 
	SECTION 4.05.

	 	Right of Set-Off
	 	 	6	 
	SECTION 4.06.

	 	Governing Law; Jurisdiction; Venue; WAIVER OF JURY TRIAL
	 	 	7	 
	SECTION 4.07.

	 	Headings
	 	 	7	 
	SECTION 4.08.

	 	Guaranty Absolute
	 	 	7	 
	SECTION 4.09.

	 	Termination or Release
	 	 	7	 
	SECTION 4.10.

	 	Additional Guarantors
	 	 	8	 
	SECTION 4.11.

	 	Limitation on Guaranteed Obligations
	 	 	8	 

i

 

     GUARANTY dated as of April 27, 2007, among IASIS HEALTHCARE CORPORATION, a Delaware
corporation (“Holdings”), certain Subsidiaries of IASIS HEALTHCARE LLC, a Delaware limited
liability company (the “Borrower”), from time to time party hereto and BANK OF AMERICA, N.A., as
Administrative Agent (as defined below).

     Reference is made to the Credit Agreement dated as of April 27, 2007 (as amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, Holdings,
Bank of America, N.A., as Administrative Agent, Swing Line Lender, Revolving L/C Issuer and
Synthetic L/C Issuer, and each lender from time to time party thereto (collectively, the “Lenders”
and individually, a “Lender”). The Lenders have agreed to extend credit to the Borrower subject to
the terms and conditions set forth in the Credit Agreement. The obligations of the Lenders to
extend such credit are conditioned upon, among other things, the execution and delivery of this
Agreement. Holdings and the Subsidiaries party hereto are affiliates of the Borrower, will derive
substantial benefits from the extension of credit to the Borrower pursuant to the Credit Agreement
and are willing to execute and deliver this Agreement in order to induce the Lenders to extend such
credit. Accordingly, the parties hereto make the following representations and warranties to the
Administrative Agent for the benefit of the Secured Parties and hereby covenant and agree as
follows:

ARTICLE I

DEFINITIONS

          SECTION 1.01. Credit Agreement. (a) Capitalized terms used in this Agreement and not
otherwise defined herein have the meanings specified in the Credit Agreement.

          (b) The rules of construction specified in Article I of the Credit Agreement also apply to
this Agreement.

          SECTION 1.02. Other Defined Terms. As used in this Agreement, the following terms
have the meanings specified below:

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

          “Agreement” means this Guaranty.

          “Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as
now or hereafter in effect, or any successor thereto.

          “Claiming Party” has the meaning assigned to such term in Section 3.02.

          “Contributing Party” has the meaning assigned to such term in Section 3.02.

1

 

          “Credit Agreement” has the meaning assigned to such term in the preliminary statement
of this Agreement.

          “Guarantor” means each Guarantor, as defined in the Credit Agreement and each party
that becomes a party to this Agreement after the Closing Date.

          “Guaranty Parties” means, collectively, the Borrower and each Guarantor, and
“Guaranty Party” means any one of them.

          “Guaranty Supplement” means an instrument in the form of Exhibit I hereto.

          “Holdings” has the meaning assigned to such term in the preliminary statement of this
Agreement.

          “Loan Documents” means (a) each Loan Document as defined under the Credit Agreement,
(b) each Secured Hedge Agreement entered into with a Hedge Bank and (c) each agreement governing
Cash Management Services entered into with a Cash Management Bank.

ARTICLE II

GUARANTY

          SECTION 2.01. Guaranty. Each Guarantor irrevocably, absolutely and unconditionally
guaranties, jointly with the other Guarantors and severally, the due and punctual payment of the
Obligations, in each case, whether such Obligations are now existing or hereafter incurred under,
arising out of any Loan Document whether at stated maturity or earlier, by reason of acceleration,
mandatory prepayment or otherwise in accordance herewith or with any other Loan Documents. Each of
the Guarantors further agrees that the Obligations may be extended, increased or renewed, in whole
or in part, without notice to or further assent from it, and that it will remain bound upon its
guaranty notwithstanding any extension, increase or renewal, in whole or in part, of any
Obligation. Each of the Guarantors waives presentment to, demand of payment from and protest to
any Guaranty Party of any of the Obligations, and also waives notice of acceptance of its guaranty
and notice of protest for nonpayment.

          SECTION 2.02. Guaranty of Payment. Each of the Guarantors further agrees that its
guaranty hereunder constitutes a guaranty of payment when due and not of collection, and waives any
right to require that any resort be had by the Administrative Agent or any other Secured Party to
any security held for the payment of the Obligations, or to any balance of any deposit account or
credit on the books of the Administrative Agent or any other Secured Party in favor of the Borrower
or any other Person.

          SECTION 2.03. No Limitations. (a) Except for termination of a Guarantor’s obligations
hereunder as expressly provided in Section 4.09, the obligations of each Guarantor hereunder shall
not be subject to any reduction, limitation, impairment or termination for any reason, including
any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any
defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity
or unenforceability of the Obligations, or otherwise. Without limiting the generality of the
foregoing, the obligations of each Guarantor hereunder

2

 

shall not be discharged or impaired or otherwise affected by (i) the failure of the
Administrative Agent or any other Secured Party to assert any claim or demand or to enforce any
right or remedy under the provisions of any Loan Document or otherwise; (ii) any rescission,
waiver, amendment or modification of, or any release from any of the terms or provisions of, any
Loan Document or any other agreement, including with respect to any other Guarantor under this
Agreement; (iii) the release of any security held by the Administrative Agent or any other Secured
Party for the Obligations; (iv) any default, failure or delay, willful or otherwise, in the
performance of the Obligations; or (v) any other act or omission that may or might in any manner or
to any extent vary the risk of any Guarantor or otherwise operate as a discharge of any Guarantor
as a matter of law or equity (other than the indefeasible payment in full in cash of all the
Obligations). Each Guarantor expressly authorizes the Secured Parties to take and hold security
for the payment of the Obligations, to exchange, waive or release any or all such security (with or
without consideration), to enforce or apply such security and direct the order and manner of any
sale thereof in their sole discretion or to release or substitute any one or more other guarantors
or obligors upon or in respect of the Obligations, all in accordance with the Security Agreement
and other Loan Documents and all without affecting the obligations of any Guarantor hereunder.

          (b) To the fullest extent permitted by applicable law, each Guarantor waives any defense based
on or arising out of any defense of any Guaranty Party or the unenforceability of the Obligations,
or any part thereof from any cause, or the cessation from any cause of the liability of any
Guaranty Party, other than the indefeasible payment in full in cash of all the Obligations. The
Administrative Agent and the other Secured Parties may, in accordance with the terms of the
Collateral Documents and at their election, foreclose on any security held by one or more of them
by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of
foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with
any Guaranty Party or exercise any other right or remedy available to them against any Guaranty
Party, without affecting or impairing in any way the liability of any Guarantor hereunder except to
the extent the Obligations have been fully and indefeasibly paid in full in cash. To the fullest
extent permitted by applicable law, each Guarantor waives any defense arising out of any such
election even though such election operates, pursuant to applicable law, to impair or to extinguish
any right of reimbursement or subrogation or other right or remedy of such Guarantor against any
Guaranty Party, as the case may be, or any security.

          SECTION 2.04. Reinstatement. Each of the Guarantors agrees that its guaranty
hereunder shall continue to be effective or be reinstated, as the case may be, if at any time
payment, or any part thereof, of any Obligation, is rescinded, invalidated or must otherwise be
restored by the Administrative Agent or any other Secured Party upon the bankruptcy or
reorganization of any Guaranty Party or otherwise.

          SECTION 2.05. Agreement To Pay; Subrogation. In furtherance of the foregoing and not
in limitation of any other right that the Administrative Agent or any other Secured Party has at
law or in equity against any Guarantor by virtue hereof, upon the failure of any Guaranty Party to
pay any Obligation when and as the same shall become due, whether at maturity, by acceleration,
after notice of prepayment or otherwise, each Guarantor hereby promises to and will forthwith pay,
or cause to be paid, to the Administrative Agent for

3

 

distribution to the Secured Parties in cash the amount of such unpaid Obligation. Upon
payment by any Guarantor of any sums to the Administrative Agent as provided above, all rights of
such Guarantor against any Guaranty Party arising as a result thereof by way of right of
subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject
to Article III herein.

          SECTION 2.06. Information. Each Guarantor assumes all responsibility for being and
keeping itself informed of each Guaranty Party’s financial condition and assets, and of all other
circumstances bearing upon the risk of nonpayment of the Obligations, and the nature, scope and
extent of the risks that such Guarantor assumes and incurs hereunder, and agrees that none of the
Administrative Agent or the other Secured Parties will have any duty to advise such Guarantor of
information known to it or any of them regarding such circumstances or risks.

ARTICLE III

INDEMNITY, SUBROGATION AND SUBORDINATION

          SECTION 3.01. Indemnity and Subrogation. In addition to all such rights of indemnity
and subrogation as the Guarantors may have under applicable law (but subject to Section 3.03), the
Borrower agrees that in the event a payment of an obligation shall be made by any Guarantor under
this Agreement, the Borrower shall indemnify such Guarantor for the full amount of such payment and
such Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been
made to the extent of such payment.

          SECTION 3.02. Contribution and Subrogation. Each Guarantor (a “Contributing Party”)
agrees (subject to Section 3.03) that, in the event a payment shall be made by any other Guarantor
hereunder in respect of any Obligation and such other Guarantor (the “Claiming Party”) shall not
have been fully indemnified by the Borrower as provided in Section 3.01, the Contributing Party
shall indemnify the Claiming Party in an amount equal to the amount of such payment, in each case
multiplied by a fraction of which the numerator shall be the net worth of the Contributing Party on
the date hereof and the denominator shall be the aggregate net worth of all the Contributing
Parties together with the net worth of the Claiming Party on the date hereof (or, in the case of
any Guarantor becoming a party hereto pursuant to Section 4.10, the date of the Guaranty Supplement
hereto executed and delivered by such Guarantor). Any Contributing Party making any payment to a
Claiming Party pursuant to this Section 3.02 shall be subrogated to the rights of such Claiming
Party to the extent of such payment. Each Guarantor recognizes and acknowledges that the rights to
contribution arising hereunder shall constitute an asset in favor of the party entitled to such
contribution. In this connection, each Guarantor has the right to waive, to the fullest extent
permitted by applicable law, its contribution right against any other Guarantor to the extent that
after giving effect to such waiver such Guarantor would remain solvent, in the determination of the
Lenders.

          SECTION 3.03. Subordination. (a) Notwithstanding any provision of this Agreement to
the contrary, all rights of the Guarantors under Sections 3.01 and 3.02 and all other rights of
indemnity, contribution or subrogation under applicable law or otherwise shall be fully
subordinated to the indefeasible payment in full in cash of the Obligations; provided that if any
amount shall be paid to such Guarantor on account of such subrogation rights at any time prior to

4

 

the irrevocable payment in full of the Obligations, such amount shall be held in trust for the
benefit of the Secured Parties and shall forthwith be paid to the Administrative Agent to be
credited and applied against the Obligations, whether matured or unmatured, in connection with
Section 8.03 of the Credit Agreement. No failure on the part of the Borrower or any Guarantor to
make the payments required by Sections 3.01 and 3.02 (or any other payments required under
applicable law or otherwise) shall in any respect limit the obligations and liabilities of any
Guarantor with respect to its obligations hereunder, and each Guarantor shall remain liable for the
full amount of the obligations of such Guarantor hereunder.

ARTICLE IV

MISCELLANEOUS

          SECTION 4.01. Notices. All communications and notices hereunder shall (except as
otherwise expressly permitted herein) be in writing and given as provided in Section 10.02 of the
Credit Agreement. All communications and notices hereunder to any Guarantor shall be given to it
in care of the Borrower as provided in Section 10.02 of the Credit Agreement.

          SECTION 4.02. Waivers; Amendment. (a) No failure or delay by the Administrative
Agent, any L/C Issuer or any Lender in exercising any right or power hereunder or under any other
Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any
such right or power, or any abandonment or discontinuance of steps to enforce such a right or
power, preclude any other or further exercise thereof or the exercise of any other right or power.
The rights and remedies of the Administrative Agent, the L/C Issuers and the Lenders hereunder and
under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that
they would otherwise have. No waiver of any provision of this Agreement or consent to any
departure by any Guaranty Party therefrom shall in any event be effective unless the same shall be
permitted by paragraph (b) of this Section 4.02, and then such waiver or consent shall be effective
only in the specific instance and for the purpose for which given. Without limiting the generality
of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as
a waiver of any Default, regardless of whether the Administrative Agent, any Lender or any L/C
Issuer may have had notice or knowledge of such Default at the time. No notice or demand on any
Guaranty Party in any case shall entitle any Guaranty Party to any other or further notice or
demand in similar or other circumstances.

          (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except
pursuant to an agreement or agreements in writing entered into by the Administrative Agent and the
Guaranty Party or Guaranty Parties with respect to which such waiver, amendment or modification is
to apply, subject to any consent required in accordance with Section 10.01 of the Credit Agreement.

          SECTION 4.03. Counterparts; Effectiveness; Successors and Assigns; Several Agreement.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute a one and the same instrument. Delivery by
telecopier or electronic transmission of an executed counterpart of a signature page to this
Agreement shall be effective as delivery of an original executed

5

 

counterpart of this Agreement. The Agents may also require that any such documents and
signatures delivered by telecopier or electronic transmission be confirmed by a manually signed
original thereof; provided that the failure to request or deliver the same shall not limit the
effectiveness of any document or signature delivered by telecopier or electronic transmission.
This Agreement shall become effective as to any Guaranty Party when a counterpart hereof executed
on behalf of such Guaranty Party shall have been delivered to the Administrative Agent and a
counterpart hereof shall have been executed on behalf of the Administrative Agent, and thereafter
shall be binding upon such Guaranty Party and the Administrative Agent and their respective
successors and assigns permitted thereby, and shall inure to the benefit of such Guaranty Party,
the Administrative Agent and the other Secured Parties and their respective successors and assigns
permitted thereby, except that no Guaranty Party shall have the right to assign or transfer its
rights or obligations hereunder or any interest herein (and any such assignment or transfer shall
be void) except as expressly contemplated by this Agreement or the other Loan Documents. This
Agreement shall be construed as a separate agreement with respect to each Guaranty Party and may be
amended, modified, supplemented, waived or released with respect to any Guaranty Party without the
approval of any other Guaranty Party and without affecting the obligations of any other Guaranty
Party hereunder.

     SECTION 4.04. Severability. If any provision of this Agreement or the other Loan
Documents is held to be illegal, invalid or unenforceable, the legality, validity and
enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not
be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction.

     SECTION 4.05. Right of Set-Off. In addition to any rights and remedies of the Lenders
provided by Law, upon the occurrence and during the continuance of any Event of Default, each
Lender and its Affiliates and each L/C Issuer and its Affiliates is authorized at any time and from
time to time, without prior notice to the Borrower or any other Loan Party, any such notice being
waived by the Borrower (on its own behalf and on behalf of each Loan Party and its Subsidiaries) to
the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general
or special, time or demand, provisional or final) at any time held by, and other Indebtedness at
any time owing by, such Lender and its Affiliates or such L/C Issuer and its Affiliates, as the
case may be, to or for the credit or the account of the respective Loan Parties and their
Subsidiaries against any and all Obligations owing to such Lender and its Affiliates or such L/C
Issuer and its Affiliates hereunder or under any other Loan Document, now or hereafter existing,
irrespective of whether such Agent or such Lender or Affiliate shall have made demand under this
Agreement or any other Loan Document and although such Obligations may be contingent or unmatured
or denominated in a currency different from that of the applicable deposit or Indebtedness.
Notwithstanding anything to the contrary contained herein, no Lender or its Affiliates and no L/C
Issuer or its Affiliates shall have a right to set off and apply any deposits held or other
Indebtedness owing by such Lender or its Affiliates or such L/C Issuer or its Affiliates, as the
case may be, to or for the credit or the account of any Subsidiary of a Loan Party that is not a
“United States person” within the meaning of Section 7701(a)(30) of the Code unless such Subsidiary
is not a direct or indirect subsidiary of Holdings. Each Lender and L/C Issuer agrees promptly to
notify the Borrower and the Administrative Agent after any such set off and application made by
such Lender or L/C Issuer, as the case may be; provided, that the failure to give such notice shall
not affect the validity of such setoff and application. The rights

6

 

of the Administrative Agent, each Lender and each L/C Issuer under this Section 4.05 are in
addition to other rights and remedies (including other rights of setoff) that the Administrative
Agent, such Lender and such L/C Issuer may have.

          SECTION 4.06. Governing Law; Jurisdiction; Venue; WAIVER OF JURY TRIAL

          (a) The terms of Section 10.15 and 10.16 of the Credit Agreement with respect to governing
law, submission to jurisdiction, venue and waiver of jury trial are incorporated herein by
reference, mutatis mutandis, and the parties hereto agree to such terms.

          (b) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 4.01. Nothing in this Agreement will affect the right of any party
to this Agreement to serve process in any other manner permitted by law.

          SECTION 4.07. Headings. Article and Section headings and the Table of Contents used
herein are for convenience of reference only, are not part of this Agreement and are not to affect
the construction of, or to be taken into consideration in interpreting, this Agreement.

          SECTION 4.08. Guaranty Absolute. To the fullest extent permitted by applicable law,
all rights of the Administrative Agent hereunder and all obligations of each Guarantor hereunder
shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of
the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations
or any other agreement or instrument relating to any of the foregoing, (b) any change in the time,
manner or place of payment of, or in any other term of, all or any of the Obligations, or any other
amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan
Document, or any other agreement or instrument, (c) any exchange, release or non-perfection of any
Lien on other collateral, or any release or amendment or waiver of or consent under or departure
from any guaranty securing or guaranteeing all or any of the Obligations or (d) any other
circumstance that might otherwise constitute a defense available to, or a discharge of, any
Guarantor in respect of the Obligations or this Agreement.

          SECTION 4.09. Termination or Release. (a) This Agreement and the Guaranties made
herein shall terminate with respect to all Obligations when all the outstanding Obligations (other
than (x) obligations under Secured Hedge Agreements not yet due and payable, (y) Cash Management
Obligations not yet due and payable and (z) contingent indemnification obligations not yet accrued
and payable) have been paid in full and the Lenders have no further commitment to lend under the
Credit Agreement, the Outstanding Amount of L/C Obligations have been either reduced to zero or
Cash Collateralized and the L/C Issuers have no further obligations to issue Letters of Credit
under the Credit Agreement.

          (b) A Guarantor shall automatically be released from its obligations hereunder as provided in
Section 9.11 of the Credit Agreement.

          (c) In connection with any termination or release pursuant to paragraph (a) or (b) of this
Section 4.09, the Administrative Agent shall execute and deliver to any Guarantor, at

7

 

such Guarantor’s expense, all documents that such Guarantor shall reasonably request to
evidence such termination or release, in each case in accordance with the terms of Section 9.11 of
the Credit Agreement. Any execution and delivery of documents pursuant to this Section 4.09 shall
be without recourse to or warranty by the Administrative Agent.

          (d) At any time that the Borrower desires that the Administrative Agent take any of the
actions described in immediately preceding paragraph (c), it shall, upon request of the
Administrative Agent, deliver to the Administrative Agent an officer’s certificate certifying that
the release of the respective Guarantor is permitted pursuant to paragraph (a) or (b). The
Administrative Agent shall have no liability whatsoever to any Guarantor as a result of any release
of any Guarantor by it as permitted (or that the Administrative Agent in good faith believes to be
permitted) by this Section 4.09.

          (f) Notwithstanding anything to the contrary set forth in this Agreement, each Cash Management
Bank and each Hedge Bank, by the acceptance of the benefits under this Agreement hereby acknowledge
and agree that (i) the obligations of the Borrower or any Subsidiary under any Secured Hedge
Agreement and the Cash Management Obligations shall be guaranteed pursuant to this Agreement only
to the extent that, and for so long, the other Obligations are so guaranteed and (ii) any release
of a Guarantor effected in the manner permitted by this Agreement shall not require the consent of
any Hedge Bank or Cash Management Bank.

          SECTION 4.10. Additional Guarantors. Each Wholly Owned Material Subsidiary of the
Borrower that is required to enter into this Agreement as a Guarantor pursuant to Section 6.11 of
the Credit Agreement shall execute and deliver a Guaranty Supplement and thereupon such Wholly
Owned Material Subsidiary shall become a Guarantor hereunder with the same force and effect as if
originally named as a Guarantor herein. The execution and delivery of any such instrument shall
not require the consent of any other Guaranty Party hereunder. The rights and obligations of each
Guaranty Party hereunder shall remain in full force and effect notwithstanding the addition of any
new Guaranty Party as a party to this Agreement.

          SECTION 4.11. Limitation on Guaranteed Obligations. Each Guarantor and each Secured
Party (by its acceptance of the benefits of this Agreement) hereby confirms that it is its
intention that this Agreement not constitute a fraudulent transfer or conveyance for purposes of
any Debtor Relief Laws (including the Bankruptcy Code, the Uniform Fraudulent Conveyance Act or any
similar Federal or state law). To effectuate the foregoing intention, each Guarantor and each
Secured Party (by its acceptance of the benefits of this Agreement) hereby irrevocably agrees that
the Obligations owing by such Guarantor under this Agreement shall be limited to such amount as
will, after giving effect to such maximum amount and all other (contingent or otherwise)
liabilities of such Guarantor that are relevant under such Debtor Relief Laws and after giving
effect to any rights to contribution and/or subrogation pursuant to any agreement providing for an
equitable contribution and/or subrogation among such Guarantor and the other Guarantors, result in
the Obligations of such Guarantor in respect of such maximum amount not constituting a fraudulent
transfer or conveyance.

[Signatures on following page]

8

 

     IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and
year first above written.

	 	 	 	 	 
	 	IASIS HEALTHCARE CORPORATION 

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

ARIZONA DIAGNOSTIC & SURGICAL CENTER, INC.,

a Delaware corporation

BAPTIST JOINT VENTURE HOLDINGS, INC.,

a Delaware corporation

BEAUMONT HOSPITAL HOLDINGS, INC.,

a Delaware corporation

BILTMORE SURGERY CENTER HOLDINGS, INC.,

a Delaware corporation

BILTMORE SURGERY CENTER, INC.,

an Arizona corporation

BROOKWOOD DIAGNOSTIC CENTER OF TAMPA, INC.,

a Delaware corporation

DAVIS HOSPITAL HOLDINGS, INC.,

a Delaware corporation

DAVIS SURGICAL CENTER HOLDINGS, INC.,

a Delaware corporation

DECISIONPOINT SERVICES, INC.,

a Delaware corporation

FIRST CHOICE PHYSICIANS NETWORK HOLDINGS, INC.,

a Delaware corporation

IASIS CAPITAL CORPORATION,

a Delaware corporation

IASIS FINANCE, INC.,

a Delaware corporation

IASIS HEALTHCARE HOLDINGS, INC.,

a Delaware corporation

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	Frank A. Coyle 	 
	 	 	Title:  	Secretary 	 
	 

Signature Page to Guaranty

 

 

GUARANTORS (CONTINUED):

IASIS HOSPITAL NURSE STAFFING COMPANY,

a Delaware corporation

IASIS MANAGEMENT COMPANY,

a Delaware corporation

IASIS PHYSICIAN SERVICES, INC.,

a Delaware corporation

IASIS TRANSCO, INC.,

a Delaware corporation

JORDAN VALLEY HOSPITAL HOLDINGS, INC.,

a Delaware corporation

MCS/AZ, INC.,

a Delaware corporation

METRO AMBULATORY SURGERY CENTER, INC.,

a Delaware corporation

NORTH VISTA HOSPITAL, INC.,

a Delaware corporation

PALMS OF PASADENA HOMECARE, INC.,

a Delaware corporation

PIONEER VALLEY HOSPITAL, INC.,

a Delaware corporation

PIONEER VALLEY HOSPITAL PHYSICIANS, INC.,

a Delaware Corporation

ROCKY MOUNTAIN MEDICAL CENTER, INC.,

a Delaware corporation

SALT LAKE REGIONAL MEDICAL CENTER, INC.,

a Delaware corporation

SALT LAKE REGIONAL PHYSICIANS, INC.,

a Delaware corporation

SOUTHRIDGE PLAZA HOLDINGS, INC.,

a Delaware corporation

SSJ ST. PETERSBURG HOLDINGS, INC.,

a Delaware corporation

TAMPA BAY STAFFING SOLUTIONS, INC.,

a Delaware corporation

UTAH TRANSCRIPTION SERVICES, INC.,

a Delaware corporation

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	Frank A. Coyle 	 
	 	 	Title:  	Secretary 	 
	 

Signature Page to Guaranty

 

 

GUARANTORS (CONTINUED):

CARDIOVASCULAR SPECIALTY CENTERS OF UTAH, LP,

a Delaware limited partnership

DAVIS HOSPITAL & MEDICAL CENTER, LP,

a Delaware limited partnership

IASIS GLENWOOD REGIONAL MEDICAL CENTER, LP,

a Delaware limited partnership

JORDAN VALLEY HOSPITAL, LP,

a Delaware limited partnership

MEMORIAL HOSPITAL OF TAMPA, LP,

a Delaware limited partnership

MESA GENERAL HOSPITAL, LP

a Delaware limited partnership

MOUNTAIN VISTA MEDICAL CENTER, LP

a Delaware limited partnership

ODESSA REGIONAL HOSPITAL, LP,

a Delaware limited partnership

PALMS OF PASADENA HOSPITAL, LP,

a Delaware limited partnership

SOUTHWEST GENERAL HOSPITAL, LP,

a Delaware limited partnership

ST. LUKE’S BEHAVIORAL HOSPITAL, LP,

a Delaware limited partnership

ST. LUKE’S MEDICAL CENTER, LP,

a Delaware limited partnership

TEMPE ST. LUKE’S HOSPITAL, LP,

a Delaware limited partnership

THE HEART CENTER OF CENTRAL PHOENIX, LP,

a Delaware limited partnership

THE HEART CENTER OF EAST VALLEY, LP

a Delaware limited partnership

THE MEDICAL CENTER OF SOUTHEAST TEXAS, LP,

a Delaware limited partnership

TOWN & COUNTRY HOSPITAL, LP,

a Delaware limited partnership

By: IASIS HEALTHCARE HOLDINGS, INC.,

general partner

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	Frank A. Coyle 	 
	 	 	Title:  	Secretary 	 
	 

Signature Page to Guaranty

 

 

GUARANTORS (CONTINUED):

	 	 	 	 	 
	 	IASIS FINANCE TEXAS HOLDINGS, LLC,

a Delaware limited liability company

 	 
	 	By:  	 	 
	 	 	Name:  	Frank A. Coyle 	 
	 	 	Title:  	Secretary 	 
	 

	 	 	 	 	 
	 	SEABOARD DEVELOPMENT LLC,

a Utah limited liability company

 	 
	 	By:  	 	 
	 	 	Name:  	Frank A. Coyle 	 
	 	 	Title:  	Secretary 	 
	 

Signature Page to Guaranty

 

 

     IN WITNESS WHEREOF, for the purposes of Sections 3.01 and 4.05 only, the undersigned has
executed this Guaranty as of the date first written above.

	 	 	 	 	 
	 	IASIS HEALTHCARE LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Guaranty

 

 

     IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the day and year first
above written.

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Guaranty

 

 

     SUPPLEMENT NO.___dated as of ___to the Guaranty dated as of April 27, 2007
among IASIS HEALTHCARE CORPORATION (“Holdings”), certain Subsidiaries of IASIS HEALTHCARE LLC (the
“Borrower”) from time to time party thereto and BANK OF AMERICA, N.A., as Administrative Agent.

          A. Reference is made to (i) the Credit Agreement dated as of April 27, 2007 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower,
Holdings, Bank of America, N.A., as Administrative Agent, Swing Line Lender, Revolving L/C Issuer
and Synthetic L/C Issuer, and each lender from time to time party thereto (collectively, the
“Lenders” and individually, a “Lender”), (ii) each Secured Hedge Agreement (as defined in the
Credit Agreement) and (iii) the Cash Management Obligations (as defined in the Credit Agreement).

          B. Capitalized terms used herein and not otherwise defined herein shall have the meanings
assigned to such terms in the Credit Agreement.

          C. The Guarantors have entered into the Guaranty in order to induce (x) the Lenders to make
Loans and the L/C Issuers to issue Letters of Credit, (y) the Hedge Banks to enter into and/or
maintain Secured Hedge Agreements and (z) the Cash Management Banks to provide Cash Management
Services. Section 4.10 of the Guaranty provides that additional Wholly Owned Restricted
Subsidiaries of the Borrower that are not Excluded Subsidiaries may become Guarantors under the
Guaranty by execution and delivery of an instrument in the form of this Supplement. The
undersigned Restricted Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance
with the requirements of the Credit Agreement to become a Guarantor under the Guaranty in order to
induce (x) the Lenders to make additional Loans and the L/C Issuers to issue additional Letters of
Credit, (y) the Hedge Banks to enter into and/or maintain Secured Hedge Agreements and (z) the Cash
Management Banks to provide Cash Management Services and as consideration for (x) Loans previously
made and Letters of Credit previously issued, (y) Secured Hedge Agreements previously entered into
and/or maintained and (z) Cash Management Services previously provided.

          Accordingly, the Administrative Agent and the New Subsidiary agree as follows:

          SECTION 1. In accordance with Section 4.10 of the Guaranty, the New Subsidiary by its
signature below becomes a Guarantor under the Guaranty with the same force and effect as if
originally named therein as a Guarantor, and the New Subsidiary hereby (a) agrees to all the terms
and provisions of the Guaranty applicable to it as a Guarantor and Guarantor thereunder and (b)
represents and warrants that the representations and warranties made by it as a Guarantor
thereunder are true and correct on and as of the date hereof, except for representations and
warranties made as of a specified date, which shall be true and correct as of such date. In
furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in
full of the Obligations does hereby, for the benefit of the Secured Parties, their successors and
assigns, irrevocably, absolutely and unconditionally guaranty, jointly with the other Guarantors
and severally, the due and punctual payment of the Obligations. Each reference to a “Guarantor” in
the Guaranty shall be deemed to include the New Subsidiary. The Guaranty is hereby incorporated
herein by reference.

EXHIBIT I-1

 

 

          SECTION 2. The New Subsidiary represents and warrants to the Administrative Agent and the
Secured Parties that this Supplement has been duly authorized, executed and delivered by it and
constitutes its legal, valid and binding obligation, enforceable against it in accordance with its
terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles
of equity.

          SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto
on different counterparts), each of which shall constitute an original, but all of which when taken
together shall constitute a single contract. This Supplement shall become effective when the
Administrative Agent shall have received a counterpart of this Supplement that bears the signature
of the New Subsidiary, and the Administrative Agent has executed a counterpart hereof. Delivery of
an executed signature page to this Supplement by facsimile transmission or other electronic
communication shall be as effective as delivery of a manually signed counterpart of this
Supplement.

          SECTION 4. Except as expressly supplemented hereby, the Guaranty shall remain in full force
and effect.

          SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK.

          SECTION 6. If any provision contained in this Supplement is held to be invalid, illegal or
unenforceable, the legality, validity, and enforceability of the remaining provisions contained
herein and in the Guaranty shall not be affected or impaired thereby. The invalidity of a
provision in a particular jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.

          SECTION 7. All communications and notices hereunder shall be in writing and given as provided
in Section 4.01 of the Guaranty.

          SECTION 8. The New Subsidiary agrees to reimburse the Administrative Agent for its reasonable
out-of-pocket expenses in connection with the execution and delivery of this Supplement, including
the reasonable fees, other charges and disbursements of counsel for the Administrative Agent.

EXHIBIT I-2

 

 

          IN WITNESS WHEREOF, the New Subsidiary and the Administrative Agent have duly executed this
Supplement to the Guaranty as of the day and year first above written.

	 	 	 	 	 
	 	[NAME OF NEW SUBSIDIARY]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Jurisdiction of Formation:

Address of Chief Executive Office:

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

EXHIBIT G

FORM OF

SECURITY AGREEMENT

 

 

EXECUTION VERSION

AMENDED AND RESTATED

SECURITY AND PLEDGE AGREEMENT

     THIS AMENDED AND RESTATED SECURITY AND PLEDGE AGREEMENT (this “Agreement”) is entered
into as of April 27, 2007 among IASIS HEALTHCARE LLC, a Delaware limited liability company (the
“Borrower”), IASIS HEALTHCARE CORPORATION, a Delaware corporation (“Holdings”) and
certain Subsidiaries of the Borrower listed on the signature pages hereto and any future Subsidiary
that becomes a party hereto (such Subsidiaries, together with the Borrower and Holdings,
individually an “Obligor”, and collectively the “Obligors”) and BANK OF AMERICA,
N.A., in its capacity as administrative and collateral agent (together with any successor appointed
in accordance with the Credit Agreement described below, in such capacity, the “Administrative
Agent”) for the Secured Parties.

RECITALS

     WHEREAS, this Agreement amends and restates that certain Amended and Restated Security and
Pledge Agreement dated as of June 22, 2004, between and among the Borrower, Holdings, certain
Subsidiaries of the Borrower party thereto and the Administrative Agent (the “Existing Security
Agreement”).

     WHEREAS, pursuant to that certain Amended and Restated Credit Agreement dated as of the date
hereof (as amended, modified, extended, renewed or replaced from time to time, the “Credit
Agreement”) among the Borrower, Holdings, the Lenders party thereto and the Administrative
Agent, the Lenders have agreed to amend and restate the Existing Credit Agreement and make Loans
and issue Letters of Credit upon the terms and subject to the conditions set forth therein;

     WHEREAS, it is a condition precedent to the effectiveness of the Credit Agreement and the
obligations of the Lenders to make their respective Loans and to issue (or participate in) Letters
of Credit under the Credit Agreement that the Obligors shall have executed and delivered this
Agreement to the Administrative Agent for the ratable benefit of the Lenders and the other Secured
Parties.

     NOW, THEREFORE, in consideration of these premises and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

     1. Definitions.

     (a) Capitalized terms used and not otherwise defined herein shall have the meanings
ascribed to such terms in the Credit Agreement, and the following terms that are defined in
the Uniform Commercial Code as in effect in the State of

 

 

New York (the “UCC”) are used herein as so defined: Accession, Account,
As-Extracted Collateral, Certificated Security, Chattel Paper, Commingled Goods, Consumer
Goods, Control, Deposit Account, Documents, Electronic Chattel Paper, Equipment, Farm
Products, Fixtures, General Intangible, Goods, Instrument, Inventory, Investment Property,
Letter-of-Credit Right, Manufactured Home, Proceeds, Promissory Note, Securities
Entitlement, Securities Account, Software, Standing Timber, Supporting Obligation and
Tangible Chattel Paper; provided that to the extent any such terms are used
in Sections 4(c), 4(d) and 4(i), then in such limited circumstance the applicable term
shall have the meaning ascribed to such term in the Uniform Commercial Code as in effect in
the jurisdiction applicable to the affected Collateral.

     (b) In addition, the following terms shall have the following meanings:

     “Collateral”: As defined in Section 2 hereof.

     “Copyright Licenses”: Any written agreement naming any Obligor as licensor or
licensee (including, without limitation, those listed on Schedule 1(b)(i) hereto),
granting any right under any Copyright, including, without limitation, the grant of rights
to manufacture, distribute, exploit and sell materials derived from any Copyright.

     “Copyrights”: The collective reference to (i) all copyrights arising under
the laws of the United States, any other country or any political subdivision thereof,
whether registered or unregistered and whether published or unpublished (including, without
limitation, those listed on Schedule 1(b)(i) hereto), all registrations and
recordings thereof, and all applications in connection therewith, including, without
limitation, all registrations, recordings and applications in the United States Copyright
Office, and (ii) the right to obtain all renewals thereof.

     “Excluded Property”: As defined in Section 2 hereof.

     “Intellectual Property”: The collective reference to all rights, priorities
and privileges of any Obligor relating to intellectual property, whether arising under
United States, multinational or foreign laws or otherwise, including, without limitation,
the Copyrights, the Copyright Licenses, the Patents, the Patent Licenses, the Trademarks
and the Trademark Licenses, and all rights to sue at law or in equity for any infringement
or other impairment thereof, including the right to receive all proceeds and damages
therefrom.

     “Patent License”: All agreements, whether written or oral, providing for the
grant by or to any Obligor of any right to manufacture, use or sell any invention covered
in whole or in part by a Patent (including, without limitation, those listed on
Schedule 1(b)(i) hereto).

2

 

     “Patents”: The collective reference to (i) all letters patent of the United
States, any other country or any political subdivision thereof, all reissues and extensions
thereof and all goodwill associated therewith (including, without limitation, those listed
on Schedule 1(b)(i) hereto) of any Obligor (ii) all applications for letters patent
of the United States or any other country and all divisions, continuations and
continuations-in-part thereof (including, without limitation, those listed on Schedule
1(b)(i) hereto) of any Obligor and (iii) all rights to obtain any reissues or
extensions of the foregoing.

     “Secured Obligations”: The collective reference to all of the Obligations,
now existing or hereafter arising pursuant to the Loan Documents, owing from any Loan Party
to any Lender or the Administrative Agent, howsoever evidenced, created, incurred or
acquired, whether primary, secondary, direct, contingent or joint and several, including,
without limitation, all obligations and liabilities incurred in connection with collecting
and enforcing the foregoing.

     “Subsidiary Equity”: With respect to each Obligor (i) all of the issued and
outstanding Equity Interests of each direct Domestic Subsidiary of such Obligor that are
owned by such Obligor and (ii) up to 65% of the issued and outstanding voting Equity
Interests (and 100% of the issued and outstanding non-voting Equity Interests, if any)
of each direct Wholly Owned Foreign Subsidiary of such Obligor that are owned by such
Obligor, including the respective percentages of the Equity Interests of such Subsidiaries
set forth on Schedule 1(b)(ii) hereto and any other shares of the Equity Interests
hereafter required to be pledged and delivered to the Administrative Agent pursuant to
Section 6.11 of the Credit Agreement, in each case together with the certificates
(or other agreements or instruments), if any, representing such shares, and all options and
other rights, contractual or otherwise, with respect thereto, including, but not limited
to, the following:

     (1) all Equity Interests representing a dividend thereon, or representing a
distribution or return of capital upon or in respect thereof, or resulting from a
stock split, revision, reclassification or other exchange therefor, and any
subscriptions, warrants, rights or options issued to the holder thereof, or
otherwise in respect thereof; and

     (2) in the event of any consolidation or merger involving the issuer thereof
and in which such issuer is not the surviving Person, all shares of each class of
the Equity Interests of the successor Person formed by or resulting from such
consolidation or merger.

     “Trademark License”: Any agreement, whether written or oral, providing for
the grant by or to any Obligor of any right to use any Trademark (including, without
limitation, those listed on Schedule 1(b)(i) hereto).

     “Trademarks”: The collective reference to (i) all trademarks, trade names,
corporate names, company names, business names, fictitious business names,

3

 

trade styles, service marks, logos and other source or business identifiers of any
Obligor, and all goodwill associated therewith, now existing or hereafter adopted or
acquired, all registrations and recordings thereof, and all applications in connection
therewith, whether in the United States Patent and Trademark Office or in any similar
office or agency of the United States, any State thereof or any other country or any
political subdivision thereof, or otherwise, and all common-law rights related thereto
(including, without limitation, those listed on Schedule 1(b)(i) hereto) and (ii)
the right to obtain all renewals thereof.

     2. Grant of Security Interest in the Collateral. To secure the prompt payment in full
when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured
Obligations of the Borrower and each other Loan Party, each Obligor hereby grants to the
Administrative Agent, for the benefit of the Secured Parties, a continuing security interest in,
and a right to set off against, any and all right, title and interest of such Obligor in and to the
following personal property of the Obligors (to the extent not constituting Excluded Property (as
defined herein)), whether now owned or existing or owned, acquired, or arising hereafter
(collectively, the “Collateral”):

	 	(a)	 	all Accounts;
	 
	 	(b)	 	all cash and Cash Equivalents;
	 
	 	(c)	 	all Chattel Paper;
	 
	 	(d)	 	all Copyrights;
	 
	 	(e)	 	all Deposit Accounts;
	 
	 	(f)	 	all Documents;
	 
	 	(g)	 	all Equipment;
	 
	 	(h)	 	all Fixtures;
	 
	 	(i)	 	all General Intangibles (including Intellectual Property);
	 
	 	(j)	 	all Goods;
	 
	 	(k)	 	all Instruments, including without limitation the Instruments
evidencing the Indebtedness described on Schedule 2(j) attached hereto
and owing to such Obligor by the issuers named therein, and all interest,
cash, Instruments and other property from time to time received, receivable or
otherwise distributed in respect of or in exchange for any or all of the
Instruments evidencing the Indebtedness;

4

 

	 	(l)	 	all Inventory;
	 
	 	(m)	 	all Investment Property;
	 
	 	(n)	 	all Patents;
	 
	 	(o)	 	all Patent Licenses;
	 
	 	(p)	 	all Software;
	 
	 	(q)	 	all Subsidiary Equity;
	 
	 	(r)	 	all Supporting Obligations;
	 
	 	(s)	 	all Trademarks;
	 
	 	(t)	 	all Trademark Licenses;
	 
	 	(u)	 	all Accessions; and
	 
	 	(v)	 	Proceeds of any and all of the foregoing;

provided, however, that the foregoing grant of a security interest shall be deemed
not to grant a security interest in any of the property described below (such property being
hereinafter referred to as “Excluded Property”):

     (i) any Collateral or contracts related thereto, but only to the extent that,
under applicable Laws, the applicable Obligor is expressly prohibited from granting
a security interest therein or applicable Laws provide for the involuntary
forfeiture of the property in the event a security interest is granted therein
without the consent of the appropriate Governmental Authority, or at all;
provided, however, that if such prohibition or the condition
requiring such consent relates only to the foreclosure of a security interest or
the exercise of other rights and remedies upon a default but not to the granting of
a security interest therein, then a security interest in such property shall be
deemed to be granted by this Agreement subject to the condition that the consent of
such Governmental Authority is obtained by the Administrative Agent prior to
foreclosure or exercising its other rights or remedies hereunder as to which such
consent is required;

     (ii) any Collateral or contracts related thereto, but only to the extent that
the terms and provisions of a written agreement, document or instrument creating or
evidencing such property or any rights relating thereto (including the financing
thereof or the grant of a Lien therein, in each case to the extent permitted by the
Credit Agreement) expressly

5

 

prohibit the granting of a security interest therein or condition the granting
of a security interest therein on the consent of a third party whose consent has
not been obtained or would cause, or allow a third party to cause, the forfeiture
of such property upon the granting of a security interest therein (other than to
the extent that any such requirement or restriction would be rendered ineffective
pursuant to the UCC or other applicable Law (including Debtor Relief Laws)),
provided, however, that if such prohibition or the condition
requiring such consent relates only to the foreclosure of a security interest or
the exercise of other rights or remedies upon a default, then a security interest
in such property shall be deemed to be granted by this Agreement subject to the
condition that the consent of such third party is obtained by the Administrative
Agent prior to foreclosure or exercising of its other rights or remedies hereunder
as to which such consent is required;

     (iii) any collateral covered by that certain Security Agreement, dated as of
May 15, 1996, between Pioneer Valley Hospital, Inc. and AHP of Utah, Inc. (the
“AHP Security Agreement”) to the extent and only to the extent that the AHP
Security Agreement validly prohibits the grant of such security interest and only
for the period that the AHP Security Agreement is in full force and effect; and

     (iv) (A) any Equity Interests of Foreign Subsidiaries that do not constitute
Subsidiary Equity, (B) any Equity Interests of Unrestricted Subsidiaries (other
than Equity Interests of Permitted JVs directly owned by an Obligor, which shall
not constitute Excluded Property) and (C) any Equity Interests of any Restricted
Subsidiary pledged to secure Indebtedness permitted under Section 7.03(g) or
Section 7.03(h) of the Credit Agreement (but only for so long as such Lien exists).

     (v) any letter-of-credit rights;

     (vi) any motor vehicles and other assets subject to certificates of title;

     (viii) any assets or properties that are acquired pursuant to a Permitted
Acquisition (or that are owned by a Subsidiary acquired pursuant to a Permitted
Acquisition), so long as (and only so long as) such assets or properties are
subject to a Lien permitted by Section 7.01(n) of the Credit Agreement;

     (ix) any Intellectual Property whose pledge would result in the forfeiture of
the Obligors’ rights in such property including, without limitation, any Trademark
applications filed in the USPTO on the basis of such Obligor’s “intent-to-use” such
Trademark, unless and until acceptable evidence of use of such Trademark has been
filed with the USPTO pursuant to Section 1(c) or Section 1(d) of the Lanham Act (15

6

 

U.S.C. 1051, et seq.), to the extent that granting a lien in such Trademark
application prior to such filing would adversely affect the enforceability or
validity of such Trademark application;

(x) any asset with respect to which the Borrower has reasonably determined in
writing that providing a security interest in such asset or perfection thereof
would result in adverse tax or accounting consequences; and

(xi) any asset with respect to which the Administrative Agent and the Borrower
have reasonably determined in writing that the costs of providing a security
interest in such asset or perfection thereof is excessive in view of the benefits
to be obtained by the Lenders.

     In the event of the termination or elimination of any prohibition or the requirement for any
consent contained in any applicable law, rule, regulation, agreement, document or instrument to the
extent sufficient to permit any Excluded Property to become Collateral hereunder, or upon the
granting of any such consent, or waiving or terminating any requirement for such consent, a
security interest in such Excluded Property shall be automatically and simultaneously granted
hereunder in such Excluded Property, and the Excluded Property automatically and simultaneously
shall be deemed to be assigned and pledged to the Administrative Agent and shall be included as
Collateral hereunder.

     The Obligors and the Administrative Agent, on behalf of the Secured Parties, hereby
acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes
continuing collateral security for all of the Secured Obligations, whether now existing or
hereafter arising and (ii) is not to be construed as an assignment of any Intellectual Property.

     3. Representations and Warranties. Each Obligor hereby represents and warrants to the
Administrative Agent, for the benefit of the Secured Parties, that until such time as the Secured
Obligations have been paid in full and the Commitments have expired or been terminated:

     (a) Legal Names; Organizational Identification Numbers, Jurisidiction and Type of
Organization. As of the Closing Date, such Obligor’s (A) exact legal name as
registered in its state of formation is (and for the prior four months has been), (B) state
of formation and type of organization are (and for the prior twelve months have been), and
(C) organizational number (if any) assigned by such state and federal tax identification
number are, in each case, as set forth set forth on Schedule 3(a) hereto.

     (b) Location of Tangible Collateral. Set forth on Schedule 3(b) is a
list of all locations where any tangible personal Property of each Obligor is located as of
the Closing Date.

7

 

     (c) Ownership. Each Obligor has the right to pledge, sell, assign or transfer
the Collateral in which it has an interest. There exists no “adverse claim” within the
meaning of Section 8-102 of the UCC as of the date hereof with respect to the Subsidiary
Equity pledged by such Obligor hereunder.

     (d) Security Interest/Priority. This Agreement, when executed and delivered
and upon the making of the initial Credit Extensions, creates a valid security interest in
favor of the Administrative Agent, for the benefit of the Secured Parties, in the
Collateral of such Obligor, and, when properly perfected by filing shall constitute a valid
perfected security interest in such Collateral (including all uncertificated Subsidiary
Equity consisting of partnership or limited liability company interests that do not
constitute a security pursuant to Section 8-103(c) of the UCC), to the extent such security
interest can be perfected by filing under the UCC, free and clear of all Liens except for
Liens permitted pursuant to Section 7.01 of the Credit Agreement. The taking possession by
the Administrative Agent of the certificates (if any) representing the Subsidiary Equity
that constitutes a security pursuant to Section 8-103 of the UCC and all other Instruments
constituting Collateral will perfect and establish the first priority of the Administrative
Agent’s security interest in all certificated Subsidiary Equity and such Instruments.

     (e) Types of Collateral. None of the Collateral consists of, or is the
Proceeds of, (i) As-Extracted Collateral, (ii) Consumer Goods, (iii) Farm Products, (iv)
Manufactured Homes or (v) Standing Timber.

     (f) Accounts. (i) Each material Account of the Obligors and the papers and
documents relating thereto are genuine and in all material respects what they purport to
be, (ii) each Account arises out of (A) a bona fide sale of goods sold and delivered by
such Obligor (or in the process of being delivered) or (B) services theretofore actually
rendered by such Obligor to, the account debtor named therein, (iii) no Account of an
Obligor with a principal balance equal to or greater than Five Hundred Thousand Dollars
($500,000) is evidenced by any Instrument or Chattel Paper unless such Instrument or
Chattel Paper has been endorsed over and delivered to, or submitted to the control of, the
Administrative Agent and (iv) no surety bond was required or given in connection with any
Account of an Obligor or the contracts or purchase orders out of which they arose.

     (g) Equipment and Inventory. With respect to any material Equipment and/or
Inventory of an Obligor, each such Obligor has exclusive possession and control of such
Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as
a lessee or (ii) Equipment or Inventory in transit with common or other carriers. No
material Inventory is held by an Obligor pursuant to consignment, sale or return, sale on
approval or similar arrangement.

     (h) Authorization of Subsidiary Equity. All Subsidiary Equity pledged
hereunder is duly authorized and validly issued, is fully paid and nonassessable and is not
subject to the preemptive rights of any Person.

8

 

     (i) Exercising of Rights. Subject to compliance with applicable laws relating
to the offering and sale of securities, the exercise by the Administrative Agent of its
rights and remedies hereunder will not violate any Law or governmental regulation or any
material contractual restriction binding on or affecting an Obligor or any of its Property.

     (j) Obligor’s Authority. No authorization, approval or action by, and no
notice or filing with, any Governmental Authority or the issuer of any Subsidiary Equity is
required either (i) for the pledge made by an Obligor or for the granting of the security
interest by an Obligor pursuant to this Agreement or (ii) for the exercise by the
Administrative Agent or the Secured Parties of their rights and remedies hereunder (except
as may be required by laws affecting the offering and sale of securities or UCC, United
States Patent and Trademark Office or United States Copyright Office filings to perfect
such security interests).

     (k) No Other Shares. As of the Closing Date, no Obligor owns any Subsidiary
Equity required to be pledged pursuant to Section 6.11 of the Credit Agreement other than
as set forth on Schedule 1(b)(ii) attached hereto. All Certificated Securities
representing Subsidiary Equity pledged hereunder have been delivered to the Administrative
Agent.

     (l) Partnership, Non-Profit Corporation and Limited Liability Company
Interests. Other than Subsidiary Equity consisting of partnership, non-profit
corporation or limited liability company interests that constitute General Intangibles,
there is no Subsidiary Equity that is required to be pledged hereunder and not represented
by Certificated Securities in the possession of the Administrative Agent

     (n) Intellectual Property. Schedule 1(b)(i) sets forth as of the Closing Date
a complete and accurate list of all registered Patents, Trademarks and Copyrights
registered with the United States Patent and Trademark Office or United States Copyright
Office, as applicable, and all applications therefor, held by each of the Obligors.

     4. Covenants. Each Obligor covenants that until such time as the Secured Obligations
have been paid in full and the Commitments have expired or been terminated, such Obligor shall:

     (a) Instruments/Chattel Paper/Subsidiary Equity. (i) If any amount with a
principal balance equal to or greater than Five Hundred Thousand Dollars ($500,000) and
payable under or in connection with any of the Collateral shall be or become evidenced by
any Instrument or Tangible Chattel Paper, or if any property constituting Collateral with a
value equal to or greater than Five Hundred Thousand Dollars ($500,000) shall be stored or
shipped subject to a Document, ensure that such Instrument, Tangible Chattel Paper or
Document is either in the possession of

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such Obligor at all times or, if requested by the Administrative Agent to perfect its
security interest in such Collateral, is delivered to the Administrative Agent duly
indorsed in a manner reasonably satisfactory to the Administrative Agent.

     (ii) Deliver to the Administrative Agent promptly upon the receipt thereof by or on
behalf of an Obligor, all other certificates and instruments constituting Subsidiary Equity
of an Obligor. Prior to delivery to the Administrative Agent, all such certificates and
instruments constituting Subsidiary Equity of an Obligor shall be held in trust by such
Obligor for the benefit of the Administrative Agent pursuant hereto. All such certificates
representing Subsidiary Equity shall be delivered in suitable form for transfer by delivery
or shall be accompanied by duly executed instruments of transfer or assignment in blank,
substantially in the form provided in Exhibit A attached hereto.

     (b) Change to Legal Name, Organzational Identification Numbers, Jurisdiction or
Type of Organization. No Obligor shall change, or permit any change to, its legal name
until (i) it shall have given to the Administrative Agent not less than 30 days (or such
shorter period approved by the Administrative Agent) prior written notice of its intention
so to do, clearly describing such new name and providing other information in connection
therewith as the Administrative Agent may reasonably request and (ii) with respect to such
new name, it shall have taken all action reasonably requested by the Administrative Agent
to maintain the security interests of the Administrative Agent in the Collateral intended
to be granted pursuant to the Collateral Documents at all times as fully perfected and in
full force and effect. In addition, to the extent that any Obligor does not have an
organizational identification number on the date hereof and later obtains one, or if there
is any change in the organizational identification number of any Obligor, the Borrower or
such Obligor shall promptly notify the Administrative Agent of such new or changed
organizational identification number and shall take all actions reasonably satisfactory to
the Administrative Agent to the extent necessary to maintain the security interests of the
Administrative Agent in the Collateral intended to be granted pursuant to the Collateral
Documents fully perfected and in full force and effect. Furthermore, no Obligor shall
change its jurisdiction of organization or its type of organization until (i) it shall have
given to the Administrative Agent not less than 30 days’ (or such shorter period
approved by the Administrative Agent) prior written notice of its intention so to do,
clearly describing such new jurisdiction of organization and/or type of organization and
providing such other information in connection therewith as the Administrative Agent may
reasonably request and (ii) with respect to such new jurisdiction and/or type of
organization, it shall have taken all actions reasonably requested by the Administrative
Agent to maintain the security interests of the Administrative Agent in the Collateral
intended to be granted pursuant to the Collateral Documents at all times as fully perfected
and in full force and effect.

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     (c) Filing of Financing Statements, Notices, etc. Each Obligor hereby
authorizes the Administrative Agent to prepare and file such financing statements
(including continuation statements) or amendments thereof or supplements thereto or other
instruments as the Administrative Agent may from time to time reasonably deem necessary or
appropriate in order to perfect and maintain the security interests granted hereunder in
accordance with the UCC (including authorization to describe the Collateral as “all
personal property” or “all assets”). Each Obligor shall also execute and deliver to the
Administrative Agent such agreements, assignments or instruments (including affidavits,
notices, reaffirmations and amendments and restatements of existing documents, as the
Administrative Agent may reasonably request) and do all such other things as the
Administrative Agent may reasonably deem necessary or appropriate (i) to assure to the
Administrative Agent its security interests hereunder, including (A) such instruments as
the Administrative Agent may from time to time reasonably request in order to perfect and
maintain the security interests granted hereunder in accordance with the UCC, (B) with
regard to copyrights and copyright applications, a Notice of Grant of Security Interest in
Copyrights in the form of Exhibit B, (C) with regard to patents and patent
applications, a Notice of Grant of Security Interest in Patents for filing with the United
States Patent and Trademark Office in the form of Exhibit C attached hereto and (D)
with regard to trademarks and trademark applications, a Notice of Grant of Security
Interest in Trademarks for filing with the United States Patent and Trademark Office in the
form of Exhibit D attached hereto, (ii) to consummate the transactions contemplated
hereby and (iii) to otherwise protect and assure the Administrative Agent of its rights and
interests hereunder.

     (d) Control. At any time during the existence of any Default under Section
8.01(a), 8.01(f) and/or 8.01(i) of the Credit Agreement, each Obligor shall execute and
deliver all agreements, assignments, instruments or other documents as may be reasonably
requested by the Administrative Agent for the purpose of obtaining and maintaining Control
with respect to any Collateral consisting of (i) Investment Property and (ii) Electronic
Chattel Paper.

     (e) Collateral Held by Warehouseman, Bailee, etc. If any Collateral with a
value equal to or greater than Three Million Dollars ($3,000,000) is at any time in the
possession or control of a warehouseman, bailee or any agent or processor of such Obligor
and the Administrative Agent so requests (i) notify such Person in writing of the
Administrative Agent’s security interest therein, (ii) instruct such Person to hold all
such Collateral for the Administrative Agent’s account and subject to the Administrative
Agent’s instructions and (iii) use reasonable efforts to obtain a written acknowledgment
from such Person that it is holding such Collateral for the benefit of the Administrative
Agent.

     (f) Treatment of Accounts. Not grant or extend the time for payment of any
material Account, or compromise or settle any material Account for less than the full
amount thereof, or release any person or property, in whole or in part, from

11

 

payment thereof, or allow any credit or discount thereon, other than as normal and
customary in the ordinary course of an Obligor’s business.

     (g) Nature of Collateral. At all times maintain the Collateral as personal
property and not affix any of the Collateral to any real property in a manner that would
change its nature from personal property to real property or a Fixture to real property,
unless the Administrative Agent shall have a perfected Lien on such Fixture or real
property.

     (h) Acquisition of Certain Equity Interests. Not without executing and
delivering, or causing to be executed and delivered, to the Administrative Agent such
agreements, documents and instruments as the Administrative Agent may reasonably require in
order to include such Equity Interests as a part of the Collateral to the extent required
by Section 6.11 of the Credit Agreement, acquire any Equity Interests consisting of an
interest in a partnership or a limited liability company that (i) is dealt in or traded on
a securities exchange or in a securities market, (ii) by its terms expressly provides that
it is a security governed by Article 8 of the UCC, (iii) is an investment company security,
(iv) is held in a securities account or (v) constitutes a “security” or a “financial asset”
as such terms are defined in Article 8 of the UCC.

     (i) Intellectual Property.

     (i) Such Obligor (either itself or through licensees) will (A) continue to use
each material Trademark on each and every trademark class of goods applicable to
its current line as reflected in its current catalogs, brochures and price lists in
order to maintain such Trademark in full force free from any claim of abandonment
for non-use unless in the good faith judgment of such Obligor the use of such
Trademark is no longer commercially reasonable or such Obligor reasonably deems
such Trademark unnecessary in its business, (B) maintain as in the past the quality
of products and services offered under such Trademark except to the extent, in the
good faith judgment of such Obligor, any change in quality is commercially
reasonable, (C) use such Trademark with the appropriate notice of registration and
all other notices and legends required by applicable Laws, (D) not adopt or use any
mark that is confusingly similar or a colorable imitation of such Trademark unless
the Administrative Agent, for the ratable benefit of the Secured Parties, shall
obtain a perfected security interest in such mark pursuant to this Agreement, and
(E) not (and not permit any licensee or sublicensee thereof to) do any act or
knowingly omit to do any act whereby such Trademark may become invalidated or
impaired in any way except to the extent such Obligor, in its good faith judgment,
deems the same to be commercially reasonable or deems such Trademark unnecessary in
its business.

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     (ii) Such Obligor (either itself or through licensees) will not do any act, or
omit to do any act, whereby any material Patent may become forfeited, abandoned or
dedicated to the public unless in the good faith judgment of such Obligor the use
of such Patent is no longer necessary in its business or commercially reasonable.

     (iii) Unless in the good faith judgment of such Obligor, the use of a
particular Copyright is no longer commercially reasonable or necessary to its
business, such Obligor (either itself or through licensees) (A) will employ each
material Copyright and (B) will not (and will not permit any licensee or
sublicensee thereof to) do any act or knowingly omit to do any act whereby any
material portion of the Copyrights may become invalidated or otherwise impaired.
Such Obligor will not (either itself or through licensees) do any act whereby any
material portion of the Copyrights may fall into the public domain unless in the
good faith judgment of such Obligor the use of such Copyright is no longer
commercially reasonable or necessary.

     (iv) Such Obligor (either itself or through licensees) will not do any act
that knowingly uses any material Intellectual Property to infringe any material
intellectual property rights of any other Person.

     (v) Such Obligor will notify the Administrative Agent within fifty (50) days
after the end of each fiscal quarter if a Responsible Officer thereof obtains
actual knowledge during the quarter then ended that any application or registration
relating to any material Intellectual Property may become forfeited, abandoned or
dedicated to the public, or of any adverse determination or development in any
proceeding in the United States Patent and Trademark Office, the United States
Copyright Office or any court or tribunal in any country regarding such Obligor’s
ownership of, or the validity of, any material Intellectual Property or such
Obligor’s right to register the same or to own and maintain the same.

     (vi) Whenever such Obligor, either by itself or through any agent, employee,
licensee or designee, shall file an application for the registration of any
Intellectual Property with the United States Patent and Trademark Office, the
United States Copyright Office or any similar office or agency in any other country
or any political subdivision thereof, such Obligor shall report such filing to the
Administrative Agent within fifty (50) days after the end of each fiscal quarter in
which such filing occurs. Upon request of the Administrative Agent, such Obligor
shall execute and deliver, and have recorded, any and all agreements, instruments,
documents, and papers as the Administrative Agent may reasonably request to
evidence the Administrative Agent’s and the Secured Parties’ security interest in
any Copyright, Patent or Trademark and the

13

 

goodwill and general intangibles of such Obligor relating thereto or
represented thereby.

     (vii) Such Obligor will take all reasonable and necessary steps, including,
without limitation, in any proceeding before the United States Patent and Trademark
Office, the United States Copyright Office or any similar office or agency in any
other country or any political subdivision thereof, to maintain and pursue each
application for (and to obtain the relevant registration of) and to maintain each
registration of the material Intellectual Property, including, without limitation,
filing of applications for renewal, affidavits of use and affidavits of
incontestability except to the extent such Obligor in good faith deems the same to
be no longer commercially reasonable or necessary for its business.

     (viii) In the event that any material Intellectual Property is infringed,
misappropriated or diluted by a third party, such Obligor shall (A) take such
actions as such Obligor shall in good faith deem appropriate under the
circumstances to protect such Intellectual Property and (B) if such Intellectual
Property is of material economic value, promptly notify the Administrative Agent
after it learns thereof and, to the extent such Obligor in good faith deems it
commercially reasonable to do so, sue for infringement, misappropriation or
dilution, to seek injunctive relief where appropriate and to recover any and all
damages for such infringement, misappropriation or dilution.

     (j) Insurance. Insure, repair and replace the Collateral of such Obligor as
set forth in the Credit Agreement. All insurance proceeds paid in connection with any
insurance providing coverage with respect to any Collateral shall be subject to the
security interest of the Administrative Agent hereunder.

     5. Advances. On failure of any Obligor to perform any of the covenants and agreements
contained herein, the Administrative Agent may, at its sole option and in its sole discretion,
after reasonable notice to such Obligor (to the extent practicable) perform the same and in so
doing may expend such sums as the Administrative Agent reasonably may deem advisable in the
performance thereof, including, without limitation, the payment of insurance premiums, the payment
of taxes, a payment to obtain a release of a Lien or potential Lien, expenditures made in defending
against adverse claims and other expenditures that the Administrative Agent or the Secured Parties
may reasonably make for the protection of the security hereof or which may be compelled to make by
operation of law. All such sums and amounts so expended shall be repayable by the Obligors on a
joint and several basis promptly upon timely notice thereof and demand therefor, shall constitute
additional Secured Obligations and shall bear interest from the date said amounts are expended at
the Default Rate. No such performance of any covenant or agreement by the Administrative Agent or
the Secured Parties on behalf of any Obligor, and no such advance or expenditure therefor, shall
relieve the Obligors of any Default or Event of Default. The Administrative Agent or the Secured
Parties may make any payment hereby authorized in

14

 

accordance with any bill, statement or estimate procured from the appropriate public office or
holder of the claim to be discharged without inquiry into the accuracy of such bill, statement or
estimate or into the validity of any tax assessment, sale, forfeiture, tax lien, title or claim
except to the extent such payment is being contested in good faith by an Obligor in appropriate
proceedings and against which adequate reserves are being maintained in accordance with GAAP.

     6. Remedies.

     (a) General Remedies. Upon the occurrence of an Event of Default and during
the continuation thereof, the Administrative Agent or the Secured Parties shall have, in
addition to the rights and remedies provided herein, in the Loan Documents, in the Secured
Hedge Agreements and/or the documentation governing any Cash Management Obligations, or
under applicable Laws (including, but not limited to, levy of attachment, garnishment and
the rights and remedies set forth in the UCC), the rights and remedies of a secured party
under the UCC (regardless of whether the UCC is the law of the jurisdiction where the
rights and remedies are asserted and regardless of whether the UCC applies to the affected
Collateral), and further, the Administrative Agent may, with or without judicial process or
the aid and assistance of others, (i) enter on any premises on which any of the Collateral
may be located and, without resistance or interference by the Obligors, take possession of
the Collateral, (ii) dispose of any Collateral on any such premises, (iii) require the
Obligors to assemble and make available to the Administrative Agent at the expense of the
Obligors any Collateral at any place and time designated by the Administrative Agent that
is reasonably convenient to both parties, (iv) remove any Collateral from any such premises
for the purpose of effecting sale or other disposition thereof, and/or (v) without demand
and without advertisement, notice, hearing or process of law, all of which each of the
Obligors hereby waives to the fullest extent permitted by law, at any place and time or
times, sell and deliver any or all Collateral held by or for it at public or private sale
(which in the case of a private sale of Subsidiary Equity, shall be to a restricted group
of purchasers who will be obligated to agree, among other things, to acquire such
securities for their own account, for investment and not with a view to the distribution or
resale thereof), at any exchange or broker’s board or elsewhere, by one or more contracts,
in one or more parcels, for cash, upon credit or otherwise, at such prices and upon such
terms as the Administrative Agent deems advisable, in its sole discretion (subject to any
and all mandatory legal requirements). Each Obligor acknowledges that any such private sale
may be at prices and on terms less favorable to the seller than the prices and other terms
that might have been obtained at a public sale and, notwithstanding the foregoing, agrees
that such private sale shall be deemed to have been made in a commercially reasonable
manner and, in the case of a sale of Subsidiary Equity, that the Administrative Agent shall
have no obligation to delay sale of any such securities for the period of time necessary to
permit the issuer of such securities to register such securities for public sale under the
Securities Act of 1933. To the extent the rights of notice cannot be legally waived
hereunder, each Obligor agrees that any requirement of reasonable notice shall be met if
such notice

15

 

is personally served on or mailed, postage prepaid, to the Borrower in accordance with the
notice provisions of Section 10.02 of the Credit Agreement at least 10 Business
Days before the time of sale or other event giving rise to the requirement of such notice.
Each Obligor further acknowledges and agrees that any offer to sell any Subsidiary Equity
that has been (i) publicly advertised on a bona fide basis in a newspaper or other
publication of general circulation in the financial community of New York, New York (to the
extent that such offer may be advertised without prior registration under the Securities
Act of 1933), or (ii) made privately in the manner described above shall be deemed to
involve a “public sale” under the UCC, notwithstanding that such sale may not constitute a
“public offering” under the Securities Act of 1933, and the Administrative Agent may, in
such event, bid for the purchase of such securities. The Administrative Agent and the
Secured Parties shall not be obligated to make any sale or other disposition of the
Collateral regardless of notice having been given. To the extent permitted by law, any
Secured Party may be a purchaser at any such sale. To the extent permitted by applicable
law, each of the Obligors hereby waives all of its rights of redemption with respect to any
such sale. Subject to the provisions of applicable law, the Administrative Agent and the
Secured Parties may postpone or cause the postponement of the sale of all or any portion of
the Collateral by announcement at the time and place of such sale, and such sale may,
without further notice, to the extent permitted by law, be made at the time and place to
which the sale was postponed, or the Administrative Agent and the Secured Parties may
further postpone such sale by announcement made at such time and place.

     (b) Remedies relating to Accounts. During the continuation of an Event of
Default, regardless of whether the Administrative Agent has exercised any or all of its
rights and remedies hereunder, the Administrative Agent shall have the right to enforce any
Obligor’s rights against any account debtors and obligors on such Obligor’s Accounts. Each
Obligor acknowledges and agrees that the Proceeds of its Accounts remitted to or on behalf
of the Administrative Agent in accordance with the provisions hereof shall be solely for
the Administrative Agent’s own convenience and that such Obligor shall not have any right,
title or interest in such Accounts or in any such other amounts except as expressly
provided herein. The Administrative Agent and the Secured Parties shall have no liability
or responsibility to any Obligor for acceptance of a check, draft or other order for
payment of money bearing the legend “payment in full” or words of similar import or any
other restrictive legend or endorsement or be responsible for determining the correctness
of any remittance. Furthermore, during the continuation of an Event of Default, (i) the
Administrative Agent shall have the right, but not the obligation, to make test
verifications of the Accounts in any manner and through any medium that it reasonably
considers advisable, and the Obligors shall furnish all such assistance and information as
the Administrative Agent may require in connection with such test verifications, (ii) upon
the Administrative Agent’s request and at the expense of the Obligors, the Obligors shall
cause independent public accountants or others satisfactory to the Administrative Agent to
furnish to the Administrative Agent reports showing reconciliations, aging and test
verifications of, and trial balances for, the Accounts

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and (iii) the Administrative Agent in its own name or in the name of others may communicate
with account debtors on the Accounts to verify with them to the Administrative Agent’s
satisfaction the existence, amount and terms of any Accounts.

     (c) Access. In addition to the rights and remedies hereunder, upon the
occurrence of an Event of Default and during the continuance thereof, the Administrative
Agent shall have the right to enter and remain upon the various premises of the Obligors
without cost or charge to the Administrative Agent, and use the same, together with
materials, supplies, books and records of the Obligors for the purpose of collecting and
liquidating the Collateral, or for preparing for sale and conducting the sale of the
Collateral, whether by foreclosure, auction or otherwise. In addition, the Administrative
Agent may remove Collateral, or any part thereof, from such premises and/or any records
with respect thereto, in order effectively to collect or liquidate such Collateral.

     (d) Nonexclusive Nature of Remedies. Failure by the Administrative Agent or
the Secured Parties to exercise any right, remedy or option under this Agreement, any other
Loan Document, any Secured Hedge Agreement and/or the documentation governing any Cash
Management Obligation between any Obligor and any Secured Party, or as provided by law, or
any delay by the Administrative Agent or the Secured Parties in exercising the same, shall
not operate as a waiver of any such right, remedy or option. No waiver hereunder shall be
effective unless it is in writing, signed by the party against whom such waiver is sought
to be enforced and then only to the extent specifically stated, which in the case of the
Administrative Agent or the Secured Parties shall only be granted as provided herein. To
the extent permitted by law, none of the Administrative Agent, the Secured Parties and any
party acting as attorney for the Administrative Agent or the Secured Parties, shall be
liable hereunder for any acts or omissions or for any error of judgment or mistake of fact
or law other than their gross negligence or willful misconduct hereunder. The rights and
remedies of the Administrative Agents and the Secured Parties under this Agreement shall be
cumulative and not exclusive of any other right or remedy which the Administrative Agent or
the Secured Parties may have.

     (e) Retention of Collateral. The Administrative Agent may, in compliance with
Sections 9-620 and 9-621 of the UCC or otherwise in compliance with the requirements of
applicable law of the relevant jurisdiction, accept or retain the Collateral in
satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall
have provided such notices, however, the Administrative Agent shall not be deemed to have
retained any Collateral in satisfaction of any Secured Obligations for any reason.

     (f) Deficiency. In the event that the proceeds of any sale, collection or
realization are insufficient to pay all amounts to which the Administrative Agent or the
Secured Parties are legally entitled, the Obligors who are Guarantors shall be

17

 

jointly and severally liable for the deficiency, together with interest thereon at the
Default Rate, together with the costs of collection and the reasonable fees of any
attorneys employed by the Administrative Agent to collect such deficiency. Any surplus
remaining after the full payment and satisfaction of the Secured Obligations shall be
returned to the Obligors or to whomsoever a court of competent jurisdiction shall determine
to be entitled thereto.

     7. Rights of the Administrative Agent.

     (a) Power of Attorney. In addition to other powers of attorney contained
herein, each Obligor hereby designates and appoints the Administrative Agent, on behalf of
the Secured Parties, and each of its designees or agents, as attorney-in-fact of such
Obligor, irrevocably and with power of substitution, with authority to take any or all of
the following actions upon the occurrence and during the continuance of an Event of
Default:

     (i) to demand, collect, settle, compromise, adjust, give discharges and
releases, all as the Administrative Agent may reasonably determine;

     (ii) to commence and prosecute any actions at any court for the purposes of
collecting any Collateral and enforcing any other right in respect thereof;

     (iii) to defend, settle or compromise any action brought and, in connection
therewith, give such discharge or release as the Administrative Agent may deem
reasonably appropriate;

     (iv) receive, open and dispose of mail addressed to an Obligor and endorse
checks, notes, drafts, acceptances, money orders, bills of lading, warehouse
receipts or other instruments or documents evidencing payment, shipment or storage
of the goods giving rise to the Collateral of such Obligor on behalf of and in the
name of such Obligor, or securing, or relating to such Collateral;

     (v) sell, assign, transfer, make any agreement in respect of, or otherwise
deal with or exercise rights in respect of, any Collateral or the goods or services
which have given rise thereto, as fully and completely as though the Administrative
Agent were the absolute owner thereof for all purposes;

     (vi) adjust and settle claims under any insurance policy relating thereto;

     (vii) execute and deliver all assignments, conveyances, statements, security
agreements, affidavits, notices and other agreements, instruments

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and documents that the Administrative Agent may determine to be necessary in order
to perfect and maintain the security interests and liens granted in this Agreement
and in order to fully consummate all of the transactions contemplated therein;

     (viii) institute any foreclosure proceedings that the Administrative Agent may
deem appropriate; and

     (ix) do and perform all such other acts and things as the Administrative Agent
may reasonably deem to be necessary, proper or convenient in connection with the
Collateral.

This power of attorney is a power coupled with an interest and shall be irrevocable until
such time as the Secured Obligations have been paid in full and the Commitments have
expired or been terminated. The Administrative Agent shall be under no duty to exercise or
withhold the exercise of any of the rights, powers, privileges and options expressly or
implicitly granted to the Administrative Agent in this Agreement, and shall not be liable
for any failure to do so or any delay in doing so. The Administrative Agent shall not be
liable for any act or omission or for any error of judgment or any mistake of fact or law
in its individual capacity or its capacity as attorney-in-fact except acts or omissions
resulting from its gross negligence or willful misconduct. This power of attorney is
conferred on the Administrative Agent solely to protect, preserve and realize upon its
security interest in the Collateral.

     (b) Assignment by the Administrative Agent. The Administrative Agent may from
time to time assign the Secured Obligations to a successor Administrative Agent appointed
in accordance pursuant to Section 9.09 the Credit Agreement, and such successor shall be
entitled to all of the rights and remedies of the Administrative Agent under this Agreement
in relation thereto.

     (c) The Administrative Agent’s Duty of Care. Other than the exercise of
reasonable care to assure the safe custody of the Collateral while being held by the
Administrative Agent hereunder, the Administrative Agent shall have no duty or liability to
preserve rights pertaining thereto, it being understood and agreed that the Obligors shall
be responsible for preservation of all rights in the Collateral, and the Administrative
Agent shall be relieved of all responsibility for the Collateral upon surrendering it or
tendering the surrender of it to the Obligors. The Administrative Agent shall be deemed to
have exercised reasonable care in the custody and preservation of the Collateral in its
possession if the Collateral is accorded treatment substantially equal to that which the
Administrative Agent accords its own property, which shall be no less than the treatment
employed by a reasonable and prudent agent in the industry, it being understood that the
Administrative Agent shall not have responsibility for taking any necessary steps to
preserve rights against any parties with respect to any of the Collateral. In the event of
a public or private sale

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of Collateral pursuant to Section 6 hereof, the Administrative Agent shall have no
obligation to clean-up, repair or otherwise prepare the Collateral for sale.

     (d) Liability with Respect to Accounts. The Administrative Agent shall not
have any obligation or liability under any Account (or any agreement giving rise thereto)
by reason of or arising out of this Agreement or the receipt by the Administrative Agent of
any payment relating to such Account pursuant hereto, nor shall the Administrative Agent be
obligated in any manner to perform any of the obligations of an Obligor under or pursuant
to any Account (or any agreement giving rise thereto), to make any payment, to make any
inquiry as to the nature or the sufficiency of any payment received by it or as to the
sufficiency of any performance by any party under any Account (or any agreement giving rise
thereto), to present or file any claim, to take any action to enforce any performance or to
collect the payment of any amounts which may have been assigned to it or to which it may be
entitled at any time or times.

     (e) Voting and Payment Rights in Respect of the Subsidiary Equity.

     (i) So long as no Event of Default shall exist, each Obligor may (A) exercise
any and all voting and other consensual rights pertaining to the Subsidiary Equity
of such Obligor or any part thereof for any purpose not inconsistent with the terms
of this Agreement or the Credit Agreement and (B) receive and retain any and all
dividends (other than stock dividends and other dividends constituting Collateral
that are addressed hereinabove), principal or interest paid in respect of the
Subsidiary Equity to the extent they are allowed under the Credit Agreement; and

     (ii) During the continuance of an Event of Default, (A) all rights of an
Obligor to exercise the voting and other consensual rights that it would otherwise
be entitled to exercise pursuant to clause (i)(A) above shall cease and all such
rights shall thereupon become vested in the Administrative Agent which shall then
have the sole right to exercise such voting and other consensual rights, (B) all
rights of an Obligor to receive the dividends, principal and interest payments that
it would otherwise be authorized to receive and retain pursuant to clause (i)(B)
above shall cease and all such rights shall thereupon be vested in the
Administrative Agent which shall then have the sole right to receive and hold as
Collateral such dividends, principal and interest payments, and (C) all dividends,
principal and interest payments that are received by an Obligor contrary to the
provisions of clause (ii)(B) above shall be received in trust for the benefit of
the Administrative Agent, shall be segregated from other property or funds of such
Obligor, and shall be forthwith paid over to the Administrative Agent as Collateral
in the exact form received, to be held by the Administrative Agent as Collateral
and as further collateral security for the Secured Obligations.

20

 

     8. Application of Proceeds. Upon the acceleration of the Secured Obligations pursuant
to Section 8.02 of the Credit Agreement, any payments in respect of the Secured Obligations
and any proceeds of the Collateral, when received by the Administrative Agent or any of the Secured
Parties in cash or its equivalent, will be applied in reduction of the Secured Obligations in the
order set forth in Section 8.03 of the Credit Agreement.

     9. Continuing Agreement.

     (a) This Agreement shall remain in full force and effect until such time as the
Secured Obligations have been paid in full and the Commitments have expired or been
terminated, at which time this Agreement shall be automatically terminated and the
Administrative Agent shall, upon the request and at the expense of the Obligors, forthwith
release all of its liens and security interests hereunder and shall execute and deliver all
UCC termination statements and/or other documents reasonably requested by the Obligors
evidencing such termination.

     (b) This Agreement shall continue to be effective or be automatically reinstated, as
the case may be, if at any time payment, in whole or in part, of any of the Secured
Obligations is rescinded or must otherwise be restored or returned by the Administrative
Agent or any Secured Party as a preference, fraudulent conveyance or otherwise under any
bankruptcy, insolvency or similar law, all as though such payment had not been made;
provided that in the event payment of all or any part of the Secured Obligations is
rescinded or must be restored or returned, all reasonable costs and expenses (including
without limitation any reasonable legal fees and disbursements) incurred by the
Administrative Agent or any Secured Party in defending and enforcing such reinstatement
shall be deemed to be included as a part of the Secured Obligations.

     10. Amendments; Waivers; Modifications, etc. This Agreement and the provisions hereof
may not be amended, waived, modified, changed, discharged or terminated except as set forth in
Section 10.01 of the Credit Agreement.

     11. Successors in Interest. This Agreement shall be binding upon each Obligor, its
successors and assigns and shall inure, together with the rights and remedies of the Administrative
Agent and the Secured Parties hereunder, to the benefit of the Administrative Agent and the Secured
Parties and their successors and permitted assigns.

     12. Notices. All notices required or permitted to be given under this Agreement shall
be in conformance with Section 10.02 of the Credit Agreement.

     13. Counterparts. This Agreement may be executed in any number of counterparts, each
of which where so executed and delivered shall be an original, but all of which shall constitute
one and the same instrument. It shall not be necessary in making proof of this Agreement to
produce or account for more than one such counterpart. Delivery by telecopier or electronic
transmission of an executed counterpart of a

21

 

signature page to this Agreement shall be effective as delivery of an original executed counterpart
of this Agreement.

     14. Headings. The headings of the sections hereof are provided for convenience only
and shall not in any way affect the meaning or construction of any provision of this Agreement.

     15. Governing Law; Submission to Jurisdiction; Venue; WAIVER OF JURY TRIAL. The terms
of Sections 10.15 and 10.16 of the Credit Agreement with respect to governing law, submission to
jurisdiction, venue and waiver of jury trial are incorporated herein by reference, mutatis
mutandis, and the parties hereto agree to such terms.

     16. Severability. If any provision of any of the Agreement is determined to be
illegal, invalid or unenforceable, such provision shall be fully severable and the remaining
provisions shall remain in full force and effect and shall be construed without giving effect to
the illegal, invalid or unenforceable provisions.

     17. Entirety. This Agreement, the other Loan Documents, the Secured Hedge Agreements
and/or the documentation governing any Cash Management Obligations between any Obligor and any
Secured Party represent the entire agreement of the parties hereto and thereto, and supersede all
prior agreements and understandings, oral or written, if any, including any commitment letters or
correspondence relating to the Loan Documents, the Secured Hedge Agreements and/or the
documentation governing any Cash Management Obligations between any Obligor and any Secured Party
or the transactions contemplated herein and therein.

     18. Other Security. To the extent that any of the Secured Obligations are now or
hereafter secured by property other than the Collateral, or by a guarantee, endorsement or property
of any other Person, then the Administrative Agent and the Secured Parties shall have the right to
proceed against such other property, guarantee or endorsement upon the occurrence and continuation
of any Event of Default, and the Administrative Agent and the Secured Parties have the right, in
their sole discretion, to determine which rights, security, liens, security interests or remedies
the Administrative Agent and the Secured Parties shall at any time pursue, relinquish, subordinate,
modify or take with respect thereto, without in any way modifying or affecting any of them or any
of the Administrative Agent’s and the Secured Parties’ rights or the Secured Obligations under this
Agreement, under any other of the Loan Documents or under any Secured Hedge Agreement and/or the
documentation governing any Cash Management Obligation between any Obligor and any Secured Party.

     19. Additional Obligors. Each Material Subsidiary of the Borrower that is not an
Excluded Subsidiary and that is required to enter into this Agreement as a Guarantor or Pledgor
pursuant to Section 6.11 of the Credit Agreement shall execute and deliver a Security Agreement
Supplement in the form of Exhibit E hereto to the Administrative Agent and thereupon such
Material Subsidiary shall become an Obligor hereunder with the same force and effect as if
originally named as an Obligor herein. The execution and delivery of any such instrument shall not
require the consent of any other Obligor

22

 

hereunder. The execution and delivery of any such instrument shall not require the consent of any
other Obligor hereunder. The rights and obligations of each Obligor hereunder shall remain in full
force and effect notwithstanding the addition of any new Obligor as a party to this Agreement.

     20. Conversion of Guarantor to a Pledgor. Each Obligor that is a Guarantor and
subsequently becomes a Pledgor as contemplated by the Credit Agreement hereby acknowledges, agrees
and confirms (i) that such Obligor’s grant of a security interest hereunder in the Collateral of
such Obligor as security for the prompt payment in full of the Secured Obligations shall be
unaffected by such conversion and shall continue in full force and effect, (ii) that all references
in the Collateral Documents to the term “Secured Obligations” shall continue to include all of
Secured Obligations as defined herein and (iii) the continued right of the Administrative Agent and
the Secured Parties to exercise any and all rights and remedies in respect of the Collateral of
such Obligor as provided and in accordance with the terms and conditions of this Agreement. Upon
the conversion of any such Obligor from a Guarantor to a Pledgor, the applicable Obligor shall
deliver such certifications, confirmations and other documentation to give effect to the provisions
of this Section 20 as may be reasonably requested by the Administrative Agent.

[remainder of page intentionally left blank]

23

 

 EXHIBIT A

IRREVOCABLE STOCK POWER

     FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers to
the following shares of the Equity Interests of ______, a
_________ corporation:

	 	 	 
	No. of Shares
	 	Certificate No.

and irrevocably appoints ___its agent and attorney-in-fact to transfer all or
any part of such Equity Interests and to take all necessary and appropriate action to effect any
such transfer. The agent and attorney-in-fact may substitute and appoint one or more persons to
act for him. The effectiveness of a transfer pursuant to this stock power shall be subject to any
and all transfer restrictions referenced on the face of the certificates evidencing such interest
or in the certificate of incorporation or formation or bylaws or other constituent documents of the
subject corporation or limited liability company, to the extent they may from time to time exist.

 

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

EXHIBIT B

NOTICE

OF

GRANT OF SECURITY INTEREST

IN

COPYRIGHTS

United States Copyright Office

Gentlemen:

     Please be advised that pursuant to the Amended and Restated Security and Pledge Agreement
dated as of April 27, 2007 (as the same may be amended, modified, extended or restated from time to
time, the “Agreement”) by and among the Obligors party thereto (each an “Obligor”
and collectively, the “Obligors”) and Bank of America, N.A., as administrative agent (the
“Administrative Agent”) for the Secured Parties referenced therein, the undersigned Obligor
has granted a continuing security interest in and continuing lien upon, the copyrights and
copyright applications shown below to the Administrative Agent for the ratable benefit of the
Secured Parties:

COPYRIGHTS

	 	 	 	 	 
	 Copyright 

No.
	 	 Description 

of Copyright
	 	Date of

Copyright
	 
	 	 
	 	 

COPYRIGHT APPLICATIONS

	 	 	 	 	 
	Copyright 

Applications No.
	 	Description of Copyright

Applied For
	 	Date of Copyright

Applications
	 
	 	 
	 	 

 

 

     The Obligors and the Administrative Agent, on behalf of the Secured Parties, hereby
acknowledge and agree that the security interest in the foregoing copyrights and copyright
applications (i) may only be terminated in accordance with the terms of the Agreement and (ii) is
not to be construed as an assignment of any copyright or copyright application.

	 	 	 	 	 
	 	Very truly yours,

 	 
	 	
 	 
	 	[Obligor] 	 

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Acknowledged and Accepted:

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

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 

 

 

	 	 	 	 	 

EXHIBIT C

NOTICE

OF

GRANT OF SECURITY INTEREST

IN

PATENTS

United States Patent and Trademark Office

Gentlemen:

     Please be advised that pursuant to the Amended and Restated Security and Pledge Agreement
dated as of April 27, 2007 (the “Agreement”) by and among the Obligors party thereto (each
an “Obligor” and collectively, the “Obligors”) and Bank of America, N.A., as
administrative agent (the “Administrative Agent”) for the Secured Parties referenced
therein, the undersigned Obligor has granted a continuing security interest in and continuing lien
upon, the patents and patent applications shown below to the Administrative Agent for the ratable
benefit of the Secured Parties:

PATENTS

	 	 	 	 	 
	 Patent 

No.
	 	Description of Patent

Item
	 	Date of

Patent
	 
	 	 
	 	 

PATENT APPLICATIONS

	 	 	 	 	 
	Patent 

Applications No.
	 	Description of Patent

Applied For
	 	Date of Patent

Applications
	 
	 	 
	 	 

 

 

     The Obligors and the Administrative Agent, on behalf of the Secured Parties, hereby
acknowledge and agree that the security interest in the foregoing patents and patent applications
(i) may only be terminated in accordance with the terms of the Agreement and (ii) is not to be
construed as an assignment of any patent or patent application.

	 	 	 	 	 
	 	Very truly yours,

 	 
	 	
 	 
	 	[Obligor] 	 

	 	 	 	 	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

Acknowledged and Accepted:

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

	 	 	 	 	 
	 	 	 
	By:  	
 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

 

 

	 	 	 	 	 

EXHIBIT D

NOTICE

OF

GRANT OF SECURITY INTEREST

IN

TRADEMARKS

United States Patent and Trademark Office

Gentlemen:

     Please be advised that pursuant to the Amended and Restated Security and Pledge Agreement
dated as April 27, 2007 (the “Agreement”) by and among the Obligors party thereto (each an
“Obligor” and collectively, the “Obligors”) and Bank of America, N.A., as
Administrative Agent (the “Administrative Agent”) for the Secured Parties referenced
therein, the undersigned Obligor has granted a continuing security interest in and continuing lien
upon, the trademarks and trademark applications shown below to the Administrative Agent for the
ratable benefit of the Secured Parties:

TRADEMARKS

	 	 	 	 	 
	 Trademark 

No.
	 	Description of Trademark

Item
	 	Date of

Trademark
	 
	 	 
	 	 

TRADEMARK APPLICATIONS

	 	 	 	 	 
	Trademark 

Applications No.
	 	Description of Trademark

Applied For
	 	Date of Trademark

Applications
	 
	 	 
	 	 

 

 

     The Obligors and the Administrative Agent, on behalf of the Secured Parties, hereby
acknowledge and agree that the security interest in the foregoing trademarks and trademark
applications (i) may only be terminated in accordance with the terms of the Agreement and (ii) is
not to be construed as an assignment of any trademark or trademark application.

	 	 	 	 	 
	 	Very truly yours,

 	 
	 	
 	 
	 	[Obligor] 	 

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Acknowledged and Accepted:

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

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 

 

 

	 	 	 	 	 

EXHIBIT E

     SUPPLEMENT NO.___dated as of , 20  to the Amended and Restated Security
Agreement dated as of April 27, 2007 (the “Security Agreement”) among IASIS HEALTHCARE
CORPORATION (“Holdings”), IASIS HEALTHCARE LLC (the “Borrower”), certain
Subsidiaries of the Borrower from time to time party thereto (such Subsidiaries, together with the
Borrower and Holdings, individually an “Obligor” and collectively the “Obligors”)
and BANK OF AMERICA, N.A., as Administrative Agent, on behalf of the Secured Parties (as defined
therein).

          A. Reference is made to (i) the Credit Agreement dated as of April 27, 2007 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among the
Borrower, Holdings, Bank of America, N.A., as Administrative Agent, Swing Line Lender, Revolving
L/C Issuer and Synthetic L/C Issuer, and each lender from time to time party thereto (collectively,
the “Lenders” and individually, a “Lender”), (ii) each Secured Hedge Agreement (as
defined in the Credit Agreement) and (iii) the Cash Management Obligations (as defined in the
Credit Agreement).

          B. Capitalized terms used herein and not otherwise defined herein shall have the meanings
assigned to such terms in the Credit Agreement.

          C. The Obligors have entered into the Security Agreement in order to induce (x) the Lenders to
make Loans and the L/C Issuers to issue Letters of Credit, (y) the Hedge Banks to enter into and/or
maintain Secured Hedge Agreements and (z) the Cash Management Banks to provide Cash Management
Services. Section 19 of the Security Agreement provides that certain Material Subsidiaries of the
Borrower that are not Excluded Subsidiaries shall become Obligors under the Security Agreement by
execution and delivery of an instrument in the form of this Supplement. The undersigned Restricted
Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance with the
requirements of the Credit Agreement to become an Obligor under the Security Agreement in order to
induce (x) the Lenders to make additional Loans and the L/C Issuers to issue additional Letters of
Credit, (y) the Hedge Banks to enter into and/or maintain Secured Hedge Agreements and (z) the Cash
Management Banks to provide Cash Management Services and as consideration for (x) Loans previously
made and Letters of Credit previously issued, (y) Secured Hedge Agreements previously entered into
and/or maintained and (z) Cash Management Services previously provided.

          Accordingly, the Administrative Agent and the New Subsidiary agree as follows:

          SECTION 1. In accordance with Section 19 of the Security Agreement, the New Subsidiary by its
signature below becomes an Obligor under the Security Agreement with the same force and effect as
if originally named therein as an Obligor and the New Subsidiary hereby (a) agrees to all the terms
and provisions of the Security Agreement applicable to it as an Obligor thereunder and (b)
represents and warrants that the representations and warranties made by it as an Obligor thereunder
are true and correct on and as of the date hereof, except for representations and warranties made
as of a specified date, which shall be true and correct as of such date. In furtherance of the
foregoing, the New Subsidiary, to secure the prompt payment in full when due, whether by lapse of
time, acceleration, mandatory prepayment or otherwise, of the

 

 

Secured Obligations (as defined in the Security Agreement), does hereby, for the Secured
Parties (as defined in the Security Agreement), their successors and assigns, grant to the
Administrative Agent, for the benefit of the Secured Parties (as defined in the Security
Agreement), a continuing security interest in, and a right to set off against, any and all right,
title and interest of the New Subsidiary in and to the Collateral (as defined in the Security
Agreement) of the New Subsidiary. Each reference to an “Obligor” in the Security Agreement shall
be deemed to include the New Subsidiary. The Security Agreement is hereby incorporated herein by
reference.

          SECTION 2. The New Subsidiary represents and warrants to the Administrative Agent and the
Secured Parties (as defined in the Security Agreement) that (a) this Supplement has been duly
authorized, executed and delivered by it and constitutes its legal, valid and binding obligation,
enforceable against it in accordance with its terms, except as such enforceability may be limited
by Debtor Relief Laws and by general principles of equity and (b) each of the schedules to the
Schedule Agreement is hereby supplemented to reflect the information shown on the attached
Schedule A (with references to the Closing Date in the applicable provision of the Security
Agreement being deemed to mean the date hereof for the purposes of such information to be provided
by the New Subsidiary).

          SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto
on different counterparts), each of which shall constitute an original, but all of which when taken
together shall constitute a single contract. This Supplement shall become effective when the
Administrative Agent shall have received a counterpart of this Supplement that bears the signature
of the New Subsidiary, and the Administrative Agent has executed a counterpart hereof. Delivery of
an executed signature page to this Supplement by facsimile transmission or other electronic
communication shall be as effective as delivery of a manually signed counterpart of this
Supplement.

          SECTION 4. Except as expressly supplemented hereby, the Security Agreement shall remain in
full force and effect.

          SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK.

          SECTION 6. If any provision contained in this Supplement is held to be invalid, illegal or
unenforceable, the legality, validity, and enforceability of the remaining provisions contained
herein and in the Security Agreement shall not be affected or impaired thereby. The invalidity of
a provision in a particular jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction.

          SECTION 7. All communications and notices hereunder shall be in writing and given as provided
in Section 12 of the Security Agreement.

          SECTION 8. The New Subsidiary agrees to reimburse the Administrative Agent for its reasonable
out-of-pocket expenses in connection with the execution and delivery of this Supplement, including
the reasonable fees, other charges and disbursements of counsel for the Administrative Agent.

 

 

     IN WITNESS WHEREOF, the New Subsidiary and the Administrative Agent have duly executed this
Supplement to the Security Agreement as of the day and year first above written.

	 	 	 	 	 
	 	[NAME OF NEW SUBSIDIARY]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Jurisdiction of Formation:

Address of Chief Executive Office:

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

Schedule A to Supplement

[Schedules to Security Agreement]

 

 

EXHIBIT H-1

FORM OF

OPINION OF CLEARY GOTTLIEB STEEN & HAMILTON LLP -

NEW YORK COUNSEL TO LOAN PARTIES

 

 

EXHIBIT H-2

FORM OF

OPINION OF BASS BERRY & SIMS PLC -

SPECIAL COUNSEL TO LOAN PARTIES

 

 

EXHIBIT H-3

FORM OF

OPINION OF RICHARDS, LAYTON & FINGER LLP -

DELAWARE UCC COUNSEL TO LOAN PARTIES

 

 

EXHIBIT I

FORM OF DRAG-ALONG RIGHTS AGREEMENT

     DRAG ALONG RIGHTS AGREEMENT, dated as of                      ___, 20___(as amended, restated, modified
and/or supplemented from time to time, this “Agreement”), among each of the undersigned
(each a “Direct Investor” and, collectively, the “Direct Investors”), in favor of
BANK OF AMERICA, N.A., not in its individual capacity, but solely as Administrative Agent for the
benefit of the Secured Creditors (as defined below). Except as otherwise defined herein, terms
used herein and defined in the Credit Agreement (as defined below) shall be used herein as therein
defined.

WITNESSETH:

     WHEREAS, IASIS HEALTHCARE LLC (the “Borrower”), IASIS HEALTHCARE CORPORATION, various
financial institutions from time to time party thereto (the “Lenders”) and Bank of America,
N.A., as Administrative Agent (in such capacity, the “Administrative Agent”), Swing Line
Lender, Revolving L/C Issuer and Synthetic L/C Issuer (together with the Lenders the “Lender
Creditors”) have entered into the Amended and Restated Credit Agreement, dated as of April 27,
2007, providing for the making of Loans to the Borrower and the issuance of, and participation in,
Letters of Credit for the account of the Borrower as contemplated therein (as amended and restated
and as the same may be further amended, restated, modified, extended, renewed, replaced,
supplemented, restructured and/or refinanced from time to time, and including any agreement
extending the maturity of, refinancing or restructuring (including, but not limited to, the
inclusion of additional borrowers thereunder that are Subsidiaries of the Borrower and whose
obligations are guaranteed by the Borrower and/or the Guarantors thereunder or any increase in the
amount borrowed) all, or any portion of, the Indebtedness under such agreement or any successor
agreements, the “Credit Agreement”);

     WHEREAS, the Borrower may from time to time enter into one or more Secured Hedge Agreements
and/or Cash Management Obligations with Bank of America, N.A. in its individual capacity (“Bank
of America”), any Lender or a syndicate of financial institutions organized by Bank of America
or any such Lender, or an affiliate of Bank of America or any such Lender (Bank of America, any
such Lender or Lenders or affiliate or affiliates of Bank of America or such Lender or Lenders
(even if Bank of America or any such Lender thereafter ceases to be a Lender under the Credit
Agreement for any reason) and any such institution that participates in such Secured Hedge
Agreements or Cash Management Obligations, and in each case their subsequent successors and
assigns, collectively, the “Other Creditors”, and together with the Lender Creditors, the
“Secured Creditors”);

     WHEREAS, the equity interests of Subsidiaries of the Borrower owned by the Borrower are
required to be pledged to the Administrative Agent for the benefit of the Secured Creditors
pursuant to security documents entered into pursuant to the Credit Agreement (such security
documents as they may be amended, modified, replaced, refinanced or restructured from time to time,
the “Security Documents”);

     WHEREAS, each Direct Investor has acquired certain shares (the “Shares”) of [NAME OF
COMPANY] (the “Company”) pursuant to a sale or issuance of the Company’s equity interests;

 

 

     WHEREAS, it is a condition precedent to the Company selling or issuing its equity interests to
the Direct Investors that each Direct Investor shall have either (i) pledged its Shares to the
Administrative Agent or (ii) executed and delivered to the Administrative Agent this Agreement; and

     WHEREAS, each Direct Investor desires to enter into this Agreement in order to satisfy the
condition described in the preceding paragraph;

     NOW, THEREFORE, in consideration of the benefits accruing to each Direct Investor, the receipt
and sufficiency of which are hereby acknowledged, each Direct Investor hereby makes the following
representations and warranties to the Administrative Agent and hereby covenants and agrees with the
Administrative Agent as follows:

     SECTION 1. DRAG ALONG RIGHTS. In the event that the Administrative Agent sells the shares it
owns in the Company pursuant to the exercise of its rights under the Security Documents (each a
“Sale”), each Direct Investor hereby agrees that upon the Administrative Agent’s request,
it shall sell, transfer and deliver, or cause to be sold, transferred and delivered to the
purchaser thereof (the “Purchaser”) all (but not less than all) of the Shares owned by such
Direct Investor at the same price per share and on the same terms and conditions as are applicable
to the shares held by the Administrative Agent, provided that no Direct Investor shall be required
to make any representation or warranty or agreement with the Purchaser other than representations,
warranties and agreements regarding such Direct Investor and its ownership of the Shares to be sold
in such Sale.

     SECTION 2. CONSIDERATION. The consideration to be received by each Direct Investor for the
Shares shall be the same consideration per share to be received by the Administrative Agent, and
the terms and conditions of such sale by each Direct Investor shall be the same as those upon which
the Administrative Agent sells its shares. A pro rata portion of the consideration payable to such
Direct Investor in connection with such Sale may be subject to an escrow agreement on the same
basis as the other Persons participating in such Sale.

     SECTION 3. PROCEDURES.

     (a) If requested by the Administrative Agent upon the occurrence and during the continuance of
an Event of Default under the Credit Agreement, each Direct Investor shall deliver to the
Administrative Agent, to be held for sale, or return in the event the Sale is not consummated, upon
the terms of this Section 3, the Shares held by such Direct Investor, duly endorsed, together with
a power-of-attorney authorizing the Administrative Agent to sell or otherwise dispose of such
shares pursuant to such Sale and to take all actions necessary, and to execute and deliver all
documents necessary, to sell or otherwise dispose of the shares to be sold pursuant to such Sale.

     (b) Each Direct Investor hereby agrees to cooperate in consummating the Sale, including,
without limitation, by becoming a party to the sale agreement and all other appropriate related
agreements, delivering any instruments for the Shares, duly endorsed for transfer, free and
clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to
the extent a vote or consent is required) and taking any other necessary or appropriate action in

2

 

furtherance thereof, including the execution and delivery of any other appropriate agreements,
certificates, instruments and other documents.

     (c) Promptly after the consummation of the sale of shares of the Administrative Agent and each
Direct Investor pursuant to this Section 3, the Administrative Agent (x) shall give notice thereof
to each Direct Investor and (y) shall remit to each Direct Investor the total sales price of the
Shares of such Direct Investor sold pursuant thereto (after deduction of each Direct Investor’s
proportionate share of (i) the expenses associated with such sale, (ii) amounts paid into escrow or
held back, in the reasonable determination of the Administrative Agent, for indemnification or
post-closing expenses, and (iii) amounts subject to post-closing purchase price adjustments, based
on the number of Shares sold by each Direct Investor in relation to the total number of shares
being sold pursuant to this Section 3). Notwithstanding anything contained in this Section 3, in
the event that all or a portion of the purchase price of the shares being sold pursuant to the Sale
consists of non-cash consideration, the Administrative Agent may, at its option, cause to be
delivered to each Direct Investor, in lieu of such non-cash consideration allocable to the shares
being sold pursuant to the Sale, cash in an amount equal to the fair market value of such non-cash
consideration, as reasonably determined by the Administrative Agent; provided, that if such
non-cash consideration allocable to the shares being sold pursuant to the Sale may not in the
opinion of the Administrative Agent be transferred lawfully without a Direct Investor effecting
regulatory compliance procedures (including, without limitation, preparation, registration or
pre-registration of disclosure documentation), the fair market value of such non-cash
consideration, as determined in good faith by Company’s Board of Directors or equivalent, shall be
paid to such Direct Investor in lieu of such non-cash consideration.

     SECTION 4. COVENANTS OF THE DIRECT INVESTOR. Each Direct Investor covenants and agrees that
it will not sell or otherwise dispose of, grant any option with respect to, or pledge or otherwise
encumber the Shares to any transferee or any interest therein except in accordance with the terms
of this Agreement, unless (i) the Administrative Agent is notified in writing 30 days prior to such
transfer, (ii) such transferee agrees in a writing which is reasonably satisfactory to the
Administrative Agent to be bound by the terms hereof and assumes the obligations and restrictions
imposed hereby and (iii) the written agreement referred to in the preceding clause (ii) is
delivered to the Administrative Agent prior to such transfer.

     SECTION 5. LEGEND. At the request of the Administrative Agent, each Direct Investor shall
deliver each certificate representing the Shares to the Company to be stamped or otherwise
imprinted with a legend in substantially the following form:

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE DRAG ALONG RIGHTS AGREEMENT,
DATED AS OF                     , 20___, AMONG EACH OF THE DIRECT INVESTORS PARTY THERETO AND BANK
OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, AS THE SAME MAY BE AMENDED FROM TIME TO TIME,
PURSUANT TO THE TERMS OF WHICH THE TRANSFER OF SUCH SHARES IS RESTRICTED. SUCH AGREEMENT
ALSO PROVIDES FOR VARIOUS OTHER LIMITATIONS AND OBLIGATIONS, AND ALL OF THE TERMS THEREOF
ARE INCORPORATED BY REFERENCE HEREIN.

     SECTION
6. TERMINATION. This Agreement shall terminate on the date upon termination of
the Aggregate Commitments and payment in full of all Obligations (other

3

 

than (x) obligations under
Secured Hedge Agreements not yet due and payable, (y) Cash Management Obligations not yet due and
payable and (z) contingent indemnification obligations not yet accrued and payable), the expiration
or termination of all Letters of Credit and any other obligation (including a guarantee that is
contingent in nature).

     SECTION 7. WAIVER. No failure on the part of the Administrative Agent to exercise and no
delay in exercising, and no course of dealing with respect to, any right, power or privilege under
this Agreement, the Credit Agreement or any other Collateral Document shall operate as a waiver
thereof, nor shall any single or partial exercise of any right, power or privilege under this
Agreement, the Credit Agreement or any other Collateral Document preclude any other or further
exercise thereof or the exercise of any other right, power or privilege. The remedies provided
herein are cumulative and not exclusive of any remedies provided by law.

     SECTION 8. NOTICES, ETC. All notices and other communications hereunder shall be in writing
and shall be delivered or mailed by first class mail, postage prepaid, addressed:

	 	 	 	 	 
	 

	 	(i)
	 	if to the Administrative Agent at:
	 

	 	 	 	Bank of America, N.A.
	 

	 	 	 	1455 Market Street, 5th Floor
	 

	 	 	 	San Francisco, CA 94103
	 

	 	 	 	CA5-701-05-19
	 

	 	 	 	Attention: Kevin Ahart, Agency Management Officer
	 

	 	 	 	Tel: (415) 436-2750
	 

	 	 	 	Fax: (415) 503-5000

     (ii) if to a Direct Investor at the address specified for such Direct Investor opposite its
signature hereto;

     or at such address as shall have been furnished in writing by any Person described above to the
party required to give notice hereunder.

     SECTION 9. AMENDMENTS, ETC. Except as otherwise expressly provided in this Agreement, any
provision of this Agreement may be amended or modified only by an instrument in writing signed by
each Direct Investor and the Administrative Agent.

     SECTION 10. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and permitted assigns.

     SECTION 11. SURVIVAL. All representations and warranties made by each of the Direct
Investors herein or in any certificate or other instrument delivered by it or on its behalf under
this Agreement shall be considered to have been relied upon by the Administrative Agent and shall
survive the Sale of the Shares regardless of any investigation made by or on behalf of the
Administrative Agent. All representations and warranties made by the Administrative Agent herein
shall be considered to have been relied upon by the Direct Investors and shall survive the Sale of
the Shares.

     SECTION 12. SPECIFIC PERFORMANCE. Damages in the event of breach of this Agreement by any
Direct Investor or the Administrative Agent would be difficult, if not impossible, to ascertain,
and it is therefore agreed that each Direct Investor and the

4

 

Administrative Agent, in addition to
and without limiting any other remedy or right it may have, will have the right to an injunction or
other equitable relief in any court of competent jurisdiction, enjoining any such breach, and
enforcing specifically the terms and provisions hereof, and each Direct Investor and the
Administrative Agent hereby waives any and all defenses it may have on the ground of lack of
jurisdiction or competence of the court to grant such an injunction or other equitable relief. The
existence of this right will not preclude any Direct Investor or the Administrative Agent from
pursuing any other rights and remedies at law or in equity which such Direct Investor or the
Administrative Agent may have.

     SECTION 13. CAPTIONS. The captions and section headings appearing herein are included solely
for convenience of reference and are not intended to affect the interpretation of any provision of
this Agreement.

     SECTION 14. COUNTERPARTS. This Agreement may be executed in any number of counterparts, all
of which taken together shall constitute one and the same instrument and any of the parties hereto
may execute this Agreement by signing any such counterpart signature page or counterpart.

     SECTION 15. MISCELLANEOUS. This Agreement shall remain in full force and effect, subject to
termination as set forth in Section 6. In the event that any provision of this Agreement shall
prove to be invalid or unenforceable, such provision shall be deemed to be severable from the other
provisions of this Agreement which shall remain binding on all parties hereto.

     SECTION 16. GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE.

     (a) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED
IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK. ANY LEGAL ACTION OR
PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT MAY BE BROUGHT IN THE COURTS
OF THE STATE OF NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY
EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH DIRECT INVESTOR HEREBY IRREVOCABLY ACCEPTS FOR
ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE
AFORESAID COURTS. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH DIRECT INVESTOR FURTHER
IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH
ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE
PREPAID, TO EACH DIRECT INVESTOR AT ITS ADDRESS SET FORTH OPPOSITE ITS SIGNATURE BELOW, SUCH
SERVICE TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. EACH DIRECT INVESTOR HEREBY IRREVOCABLY
WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO
PLEAD OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER THAT SERVICE OF
PROCESS WAS IN ANY WAY INVALID OR INEFFECTIVE. NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE
ADMINISTRATIVE AGENT UNDER THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY

5

 

LAW OR
TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST THE DIRECT INVESTOR IN ANY OTHER
JURISDICTION.

     (b) TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH DIRECT INVESTOR HEREBY IRREVOCABLY WAIVES
ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY OF THE AFORESAID
ACTIONS OR PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT BROUGHT IN THE COURTS
REFERRED TO IN CLAUSE (a) ABOVE AND HEREBY FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR
CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN
BROUGHT IN AN INCONVENIENT FORUM.

     SECTION 17. WAIVER OF JURY TRIAL. To the extent permitted by applicable law, each party
hereto hereby irrevocably waives all right to a trial by jury in any action, proceeding or
counterclaim arising out of or relating to this Agreement or the transactions contemplated hereby.

     SECTION 18. EFFECTIVENESS. This Agreement shall become effective when each Direct Investor
and the Administrative Agent shall have signed a counterpart hereof (whether the same or different
counterparts).

[Remainder of page intentionally left blank]

6

 

     IN WITNESS WHEREOF, each Direct Investor and the Administrative Agent have cause this
Agreement to be executed by their duly elected officers duly authorized as of the date first above
written.

	 	 	 
	 

	 	 
	 
	 	 
	 

	 	 

	 	 	 	 	 
	Attention:
	 	 	 	 
	 

	 	 

	 	 
	Tel:
	 	 	 	 
	 

	 	 

	 	 
	Fax:
	 	 	 	 
	 

	 	 

	 	 

	 	 	 	 	 
	[NAME OF DIRECT INVESTOR]	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 

      

	 	 	 
	 

	 	 
	 
	 	 
	 

	 	 

	 	 	 	 	 
	Attention:
	 	 	 	 
	 

	 	 

	 	 
	Tel:
	 	 	 	 
	 

	 	 

	 	 
	Fax:
	 	 	 	 
	 

	 	 

	 	 

	 	 	 	 	 
	[NAME OF DIRECT INVESTOR]	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 

      

	 	 	 
	 

	 	 
	 
	 	 
	 

	 	 

	 	 	 	 	 
	Attention:
	 	 	 	 
	 

	 	 

	 	 
	Tel:
	 	 	 	 
	 

	 	 

	 	 
	Fax:
	 	 	 	 
	 

	 	 

	 	 

	 	 	 	 	 
	[NAME OF DIRECT INVESTOR]	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 

      

	 	 	 
	 

	 	 
	 
	 	 
	 

	 	 

	 	 	 	 	 
	Attention:
	 	 	 	 
	 

	 	 

	 	 
	Tel:
	 	 	 	 
	 

	 	 

	 	 
	Fax:
	 	 	 	 
	 

	 	 

	 	 

	 	 	 	 	 
	[NAME OF DIRECT INVESTOR]	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 

      

	 	 	 
	 

	 	 
	 
	 	 
	 

	 	 

	 	 	 	 	 
	Attention:
	 	 	 	 
	 

	 	 

	 	 
	Tel:
	 	 	 	 
	 

	 	 

	 	 
	Fax:
	 	 	 	 
	 

	 	 

	 	 

	 	 	 	 	 
	[NAME OF DIRECT INVESTOR]	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 

BANK OF AMERICA, N.A.,

as Administrative Agent

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 

7

 

EXHIBIT J

FORM OF

PORTFOLIO INTEREST CERTIFICATION

          Reference is hereby made to the Credit Agreement dated as of April 27, 2007 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among IASIS
Healthcare LLC (the “Borrower”), IASIS Healthcare Corporation, Bank of America, N.A., as
administrative agent (in such capacity, the “Administrative Agent”), Swing Line Lender,
Revolving L/C Issuer and Synthetic L/C Issuer, and each lender from time to time party thereto.
Pursuant to the provisions of Section 3.01(b) of the Credit Agreement, the undersigned hereby
certifies that (i) it is not a “bank” as such term is used in Section 881(c)(3)(A) of the Internal
Revenue Code of 1986, as amended, (the “Code”) and (ii) it is not a ten percent shareholder of the
Borrower within the meaning of Code Section 871(h)(3)(B).

          The undersigned shall promptly notify the Borrower and the Administrative Agent if any of the
representations and warranties made herein are no longer true and correct.

[NAME OF LENDER]

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 

Date: ________ __, ____

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