Document:

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                                                                     EXHIBIT 4.2
                                  $225,000,000

                               ROADWAY CORPORATION
                        ROADWAY EXPRESS, INC., GUARANTOR
                 ROADWAY EXPRESS INTERNATIONAL, INC., GUARANTOR
                   ROADWAY REVERSE LOGISTICS, INC., GUARANTOR
                       ARNOLD INDUSTRIES, INC., GUARANTOR
                     NEW PENN MOTOR EXPRESS, INC., GUARANTOR
                 ARNOLD TRANSPORTATION SERVICES, INC., GUARANTOR

                    8 1/4% SENIOR NOTES DUE DECEMBER 1, 2008

                          REGISTRATION RIGHTS AGREEMENT
                          -----------------------------

                                                               November 30, 2001

Credit Suisse First Boston Corporation
BMO Nesbitt Burns Corp.
NatCity Investments, Inc.
ABN AMRO Financial Services, Inc.
BNP Paribas Securities Corp.
Fleet Securities, Inc.
SunTrust Capital Markets, Inc.
First Union Securities, Inc.
SBK Brooks Investment Corp.
c/o Credit Suisse First Boston Corporation
     Eleven Madison Avenue
     New York, New York 10010-3629

Dear Sirs:

         Roadway Corporation, a Delaware corporation (the "COMPANY"), in
connection with its acquisition of Arnold Industries, Inc. ("ARNOLD"), proposes
to issue and sell to Credit Suisse First Boston Corporation, BMO Nesbitt Burns
Corp., NatCity Investments, Inc., ABN AMRO Financial Services, Inc., BNP Paribas
Securities Corp., Fleet Securities, Inc., SunTrust Capital Markets, Inc., First
Union Securities, Inc. and SBK Brooks Investment Corp. (collectively, the
"INITIAL PURCHASERS"), upon the terms set forth in a purchase agreement dated
November 27, 2001 (the "PURCHASE AGREEMENT"), $225,000,000 aggregate principal
amount of its 81/4% Senior Notes Due December 1, 2008 (the "INITIAL
SECURITIES"). The Initial Securities will be issued pursuant to an Indenture,
dated the date hereof (the "INDENTURE"), among the Company, the Guarantors named
therein and SunTrust Bank, as trustee (the "TRUSTEE"). The Company's obligations
under the Indenture and the Initial Securities will be unconditionally
guaranteed by each subsidiary of the Company (the "GUARANTORS") that guarantees
any of the Company's other debt obligations. The initial Guarantors will be
Roadway Express, Inc., Roadway Express International, Inc., Roadway Reverse
Logistics, Inc., Arnold, Arnold Transportation Services, Inc. and New Penn Motor
Express, Inc. The Company's obligations under the Indenture and the Initial
Securities will be secured by a lien on the capital stock of those of the
Company's subsidiaries a lien on the capital stock of which secures the
obligations of the Company under its credit facility entered into the date
hereof pursuant to a Pledge, Security and Intercreditor Agreement dated the date
hereof. As an inducement to the Initial Purchasers to enter into the Purchase
Agreement, the Company agrees with the Initial Purchasers, for the benefit of
the Initial Purchasers and the holders of the Securities (as defined below)
(collectively the "HOLDERS"), as follows:

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         1. Registered Exchange Offer. Unless not permitted by applicable law
(after the Company has complied with the ultimate paragraph of this Section 1),
the Company and the Guarantors shall prepare and, not later than 90 days (such
90th day being a "FILING DEADLINE") after the date on which the Initial
Purchasers purchase the Initial Securities pursuant to the Purchase Agreement
(the "CLOSING DATE"), file with the Securities and Exchange Commission (the
"COMMISSION") a registration statement (the "EXCHANGE OFFER REGISTRATION
STATEMENT") on an appropriate form under the Securities Act of 1933, as amended
(the "SECURITIES ACT"), with respect to a proposed offer (the "REGISTERED
EXCHANGE OFFER") to the Holders of Transfer Restricted Securities (as defined in
Section 6 hereof), who are not prohibited by any law or policy of the Commission
from participating in the Registered Exchange Offer, to issue and deliver to
such Holders, in exchange for the Initial Securities, a like aggregate principal
amount of debt securities of the Company issued under the Indenture, identical
in all material respects to the Initial Securities and registered under the
Securities Act (the "EXCHANGE SECURITIES"). The Company and the Guarantors shall
use their respective best efforts to (i) cause such Exchange Offer Registration
Statement to become effective under the Securities Act within 180 days after the
Closing Date (such 180th day being an "EFFECTIVENESS DEADLINE") and (ii) keep
the Exchange Offer Registration Statement effective for not less than 20
business days (or longer, if required by applicable law) after the date notice
of the Registered Exchange Offer is mailed to the Holders (such period being
called the "EXCHANGE OFFER REGISTRATION PERIOD").

         If the Company and the Guarantors commence the Registered Exchange
Offer, the Company (i) will be entitled to consummate the Registered Exchange
Offer 20 business days after such commencement (provided that the Company has
accepted all the Initial Securities theretofore validly tendered in accordance
with the terms of the Registered Exchange Offer) and (ii) will be required to
consummate the Registered Exchange Offer no later than 30 business days after
the date on which the Exchange Offer Registration Statement is declared
effective (such 30th day being the "CONSUMMATION DEADLINE"); provided, however,
that if the Company is required by applicable law to keep the Exchange Offer
Registration Statement effective for more than 30 days in accordance with clause
(ii) in the preceding paragraph, the Consummation Deadline shall be
automatically extended by such number of days exceeding 30 for which the Company
is required by applicable law to keep the Exchange Offer Registration Statement
effective.

         Following the declaration of the effectiveness of the Exchange Offer
Registration Statement, the Company shall promptly commence the Registered
Exchange Offer, it being the objective of such Registered Exchange Offer to
enable each Holder of Transfer Restricted Securities electing to exchange the
Initial Securities for Exchange Securities (assuming that such Holder is not an
affiliate of the Company within the meaning of the Securities Act, acquires the
Exchange Securities in the ordinary course of such Holder's business and has no
arrangements or understandings with any person to participate in and is not
participating in the distribution of the Exchange Securities and is not
prohibited by any law or policy of the Commission from participating in the
Registered Exchange Offer) to trade such Exchange Securities from and after
their receipt without any limitations or restrictions under the Securities Act
and without material restrictions under the securities laws of the several
states of the United States.

         The Company and the Guarantors acknowledge that, pursuant to current
interpretations by the Commission's staff of Section 5 of the Securities Act, in
the absence of an applicable exemption therefrom, (i) each Holder which is a
broker-dealer electing to exchange Initial Securities, acquired for its own
account as a result of market-making activities or other trading activities, for
Exchange Securities (an "EXCHANGING DEALER"), is required to deliver a
prospectus containing, among other things, the information substantially as set
forth in (a) Annex A hereto on the cover, (b) Annex B hereto in the "Exchange
Offer Procedures" or similarly titled section and the "Purpose of the Exchange
Offer" or similarly titled section, and (c) Annex C hereto in the "Plan of
Distribution" section of such prospectus in connection with a sale of any such
Exchange Securities received by such Exchanging Dealer pursuant to the
Registered Exchange Offer and (ii) an Initial Purchaser that elects to sell
Securities (as defined below) acquired in exchange for Initial Securities
constituting any portion of an unsold allotment, is required to deliver a
prospectus containing the information required by Items 507 or 508 of Regulation
S-K under the Securities Act, as applicable, in connection with such sale.

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         The Company and the Guarantors shall use their respective best efforts
to keep the Exchange Offer Registration Statement effective and to amend and
supplement the prospectus contained therein, in order to permit such prospectus
to be lawfully delivered by all persons subject to the prospectus delivery
requirements of the Securities Act for such period of time as such persons must
comply with such requirements in order to resell the Exchange Securities;
provided, however, that (i) in the case where such prospectus and any amendment
or supplement thereto must be delivered by an Exchanging Dealer or an Initial
Purchaser, such period shall be the lesser of 180 days after the consummation of
the Registered Exchange Offer and the date on which all Exchanging Dealers and
the Initial Purchasers have sold all Exchange Securities held by them (unless
such period is extended pursuant to Section 3(j) below) and (ii) the Company and
the Guarantors shall make such prospectus and any amendment or supplement
thereto available to any broker-dealer for use in connection with any resale of
any Exchange Securities for a period of not less than 180 days after the
consummation of the Registered Exchange Offer.

         If, upon consummation of the Registered Exchange Offer, any Initial
Purchaser holds Initial Securities acquired by it as part of its initial
distribution, the Company, simultaneously with the delivery of the Exchange
Securities pursuant to the Registered Exchange Offer, shall issue and deliver to
such Initial Purchaser upon the written request of such Initial Purchaser, in
exchange (the "Private Exchange") for the Initial Securities held by such
Initial Purchaser, a like principal amount of debt securities of the Company
issued under the Indenture and identical in all material respects to the Initial
Securities (the "PRIVATE EXCHANGE SECURITIES"). The Initial Securities, the
Exchange Securities and the Private Exchange Securities are herein collectively
called the "SECURITIES".

         In connection with the Registered Exchange Offer, the Company shall:

                  (a) mail to each Holder a copy of the prospectus forming part
         of the Exchange Offer Registration Statement, together with an
         appropriate letter of transmittal and related documents;

                  (b) keep the Registered Exchange Offer open for not less than
         20 business days (or longer, if required by applicable law) after the
         date notice thereof is mailed to the Holders;

                  (c) utilize the services of a depositary for the Registered
         Exchange Offer, which may be the Trustee or an affiliate of the
         Trustee;

                  (d) permit Holders to withdraw tendered Securities at any time
         prior to the close of business, New York time, on the last business day
         on which the Registered Exchange Offer shall remain open; and

                  (e) otherwise comply with all applicable laws.

         As soon as practicable after the close of the Registered Exchange Offer
or the Private Exchange, as the case may be, the Company shall:

                  (x) accept for exchange all the Initial Securities validly
         tendered and not withdrawn pursuant to the Registered Exchange Offer
         and the Private Exchange;

                  (y) deliver to the Trustee for cancellation all the Initial
         Securities so accepted for exchange; and

                  (z) cause the Trustee to authenticate and deliver promptly to
         each Holder of the Initial Securities, Exchange Securities or Private
         Exchange Securities, as the case may be, equal in principal amount to
         the Initial Securities of such Holder so accepted for exchange.

         Interest on each Exchange Security and Private Exchange Security issued
pursuant to the Registered Exchange Offer and in the Private Exchange will
accrue from the last interest payment date on

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which interest was paid on the Initial Securities surrendered in exchange
therefor or, if no interest has been paid on the Initial Securities, from the
date of original issue of the Initial Securities.

         Each Holder participating in the Registered Exchange Offer shall be
required to represent to the Company and the Guarantors that at the time of the
consummation of the Registered Exchange Offer (i) any Exchange Securities
received by such Holder will be acquired in the ordinary course of business,
(ii) such Holder will have no arrangements or understanding with any person to
participate in the distribution of the Initial Securities or the Exchange
Securities within the meaning of the Securities Act, (iii) such Holder is not an
"affiliate," as defined in Rule 405 under the Securities Act, of the Company or
any Guarantor or, if it is an affiliate, such Holder will comply with the
registration and prospectus delivery requirements of the Securities Act to the
extent applicable, (iv) if such Holder is not a broker-dealer, that it is not
engaged in, and does not intend to engage in, the distribution of the Exchange
Securities and (v) if such Holder is a broker-dealer, that it will receive
Exchange Securities for its own account in exchange for Initial Securities that
were acquired as a result of market-making activities or other trading
activities and that it will be required to acknowledge that it will deliver a
prospectus in connection with any resale of such Exchange Securities.

         Notwithstanding any other provisions hereof, the Company and the
Guarantors will ensure that (i) any Exchange Offer Registration Statement and
any amendment thereto and any prospectus forming part thereof and any supplement
thereto complies in all material respects with the applicable requirements of
the Securities Act and the rules and regulations thereunder, (ii) any Exchange
Offer Registration Statement and any amendment thereto does not, when it becomes
effective, contain an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading and (iii) any prospectus forming part of any Exchange
Offer Registration Statement, and any supplement to such prospectus, does not
include an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not
misleading.

         If following the date hereof there has been announced a change in
Commission policy with respect to exchange offers that in the reasonable opinion
of counsel to the Company and the Guarantors raises a substantial question as to
whether the Registered Exchange Offer is permitted by applicable federal law,
the Company and the Guarantors will seek a no-action letter or other favorable
decision from the Commission allowing the Company to consummate the Registered
Exchange Offer. The Company and the Guarantors will pursue the issuance of such
a decision to the Commission staff level. In connection with the foregoing, the
Company and the Guarantors will take all such other actions as may be reasonably
requested by the Commission or otherwise required in connection with the
issuance of such decision, including without limitation (i) participating in
telephonic conferences with the Commission, (ii) delivering to the Commission
staff an analysis prepared by counsel to the Company and the Guarantors setting
forth the legal bases, if any, upon which such counsel has concluded that the
Registered Exchange Offer should be permitted and (iii) diligently pursuing a
resolution (which need not be favorable) by the Commission staff.
Notwithstanding the foregoing, if at the time the Company is required to
commence or consummate the Registered Exchange Offer such efforts would, in the
reasonable opinion of counsel to the Company and the Guarantors, be futile, the
Company will not be obligated to seek such a no-action letter or other favorable
decision from the Commission.

         2. Shelf Registration. If, (i) because of any change in law or in
applicable interpretations thereof by the staff of the Commission, the Company
and the Guarantors are not permitted to effect a Registered Exchange Offer, as
contemplated by Section 1 hereof, (ii) the Registered Exchange Offer is not
consummated by the 180th day after the Closing Date, (iii) any Initial Purchaser
so requests in a written notice delivered to the Company with respect to the
Initial Securities (or the Private Exchange Securities) not eligible to be
exchanged for Exchange Securities in the Registered Exchange Offer and held by
it following consummation of the Registered Exchange Offer or (iv) any Holder
(other than an Exchanging Dealer) is not eligible to participate in the
Registered Exchange Offer or, in the case of any Holder (other than an
Exchanging Dealer) that participates in the Registered Exchange Offer, such
Holder does not receive freely tradeable Exchange Securities upon consummation
of the Registered Exchange Offer and any such Holder so requests in a written
notice delivered to the Company, the Company and the Guarantors

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shall take the following actions (the date on which any of the conditions
described in the foregoing clauses (i) through (iv) occur, including in the case
of clauses (iii) or (iv) the receipt of the required notice, being a "TRIGGER
DATE"):

                  (a) The Company and the Guarantors shall promptly (but in no
         event more than 45 days after the Trigger Date (such 45th day being a
         "FILING DEADLINE")) file with the Commission and thereafter use their
         respective best efforts to cause to be declared effective no later than
         135 days after the Trigger Date (such 135th day being an "EFFECTIVENESS
         DEADLINE") a registration statement (the "SHELF REGISTRATION STATEMENT"
         and, together with the Exchange Offer Registration Statement, a
         "REGISTRATION STATEMENT") on an appropriate form under the Securities
         Act relating to the offer and sale of the Transfer Restricted
         Securities by the Holders thereof from time to time in accordance with
         the methods of distribution set forth in the Shelf Registration
         Statement and Rule 415 under the Securities Act (hereinafter, the
         "SHELF REGISTRATION"); PROVIDED, HOWEVER, that no Holder (other than an
         Initial Purchaser) shall be entitled to have the Securities held by it
         covered by such Shelf Registration Statement unless such Holder agrees
         in writing to be bound by all the provisions of this Agreement
         applicable to such Holder.

                  (b) The Company and the Guarantors shall use their respective
         reasonable efforts to keep the Shelf Registration Statement
         continuously effective in order to permit the prospectus included
         therein to be lawfully delivered by the Holders of the relevant
         Securities, for a period of two years (or for such longer period if
         extended pursuant to Section 3(j) below) from the date of its
         effectiveness, for a period of one year from the date of its
         effectiveness if such Shelf Registration Statement is filed at the
         request of any Initial Purchaser, or such shorter period that will
         terminate when all the Transfer Restricted Securities covered by the
         Shelf Registration Statement (i) have been sold pursuant thereto or
         (ii) are no longer "restricted securities" (as defined in Rule 144
         under the Securities Act, or any successor rule thereof). The Company
         and the Guarantors shall be deemed not to have used their reasonable
         efforts to keep the Shelf Registration Statement effective during the
         requisite period if any of them voluntarily takes any action that would
         result in Holders of Securities covered thereby not being able to offer
         and sell such Securities during that period, unless such action is
         required by applicable law.

                  (c) Notwithstanding any other provisions of this Agreement to
         the contrary, the Company and the Guarantors shall cause the Shelf
         Registration Statement and the related prospectus and any amendment or
         supplement thereto, as of the effective date of the Shelf Registration
         Statement, amendment or supplement, (i) to comply in all material
         respects with the applicable requirements of the Securities Act and the
         rules and regulations of the Commission and (ii) not to contain any
         untrue statement of a material fact or omit to state a material fact
         required to be stated therein or necessary in order to make the
         statements therein, in light of the circumstances under which they were
         made, not misleading.

         3. Registration Procedures. In connection with any Shelf Registration
contemplated by Section 2 hereof and, to the extent applicable, any Registered
Exchange Offer contemplated by Section 1 hereof, the following provisions shall
apply:

                  (a) The Company and the Guarantors shall (i) furnish to each
         Initial Purchaser, prior to the filing thereof with the Commission, a
         copy of the Registration Statement and each amendment thereof and each
         supplement, if any, to the prospectus included therein and, in the
         event that an Initial Purchaser (with respect to any portion of an
         unsold allotment from the original offering of Initial Securities) is
         participating in the Registered Exchange Offer or the Shelf
         Registration Statement, the Company and the Guarantors shall use their
         respective best efforts to reflect in each such document, when so filed
         with the Commission, such comments as such Initial Purchaser reasonably
         may propose within a reasonable time after receiving any such document;
         (ii) include the information substantially as set forth (A) in Annex A
         hereto on the cover, (B) in Annex B hereto in the "Exchange Offer
         Procedures" or similarly titled section and the "Purpose of the
         Exchange Offer" or similarly titled section and (C) in Annex C hereto
         in the "Plan of Distribution" section, of the prospectus forming a part
         of the Exchange Offer Registration

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         Statement and include the information substantially as set forth in
         Annex D hereto in the Letter of Transmittal delivered pursuant to the
         Registered Exchange Offer; (iii) if requested by an Initial Purchaser
         within a reasonable time after receiving any such document, include the
         information required by Items 507 or 508 of Regulation S-K under the
         Securities Act, as applicable, in the prospectus forming a part of the
         Exchange Offer Registration Statement; (iv) include within the
         prospectus contained in the Exchange Offer Registration Statement a
         section entitled "Plan of Distribution," reasonably acceptable to the
         Initial Purchasers, which shall contain a summary statement of the
         positions taken or policies made by the staff of the Commission with
         respect to the potential "underwriter" status of any broker-dealer that
         is the beneficial owner (as defined in Rule 13d-3 under the Securities
         Exchange Act of 1934, as amended (the "Exchange Act")) of Exchange
         Securities received by such broker-dealer in the Registered Exchange
         Offer (a "Participating Broker-Dealer"), whether such positions or
         policies have been publicly disseminated by the staff of the Commission
         or such positions or policies, in the reasonable judgment of the
         Initial Purchasers based upon advice of counsel (which may be in-house
         counsel), represent the prevailing views of the staff of the
         Commission; and (v) in the case of a Shelf Registration Statement,
         include the names of the Holders who propose to sell Securities
         pursuant to the Shelf Registration Statement as selling
         securityholders.

                  (b) The Company shall give written notice to the Initial
         Purchasers, the Holders of the Securities and any Participating
         Broker-Dealer from whom the Company has received prior written notice
         that it will be a Participating Broker-Dealer in the Registered
         Exchange Offer (which notice pursuant to clauses (ii)-(vi) hereof shall
         be accompanied by an instruction to suspend the use of the prospectus
         until the requisite changes have been made):

                           (i) when the Registration Statement or any amendment
                  thereto has been filed with the Commission and when the
                  Registration Statement or any post-effective amendment thereto
                  has become effective;

                           (ii) of any request by the Commission for amendments
                  or supplements to the Registration Statement or the prospectus
                  included therein or for additional information;

                           (iii) of the issuance by the Commission of any stop
                  order suspending the effectiveness of the Registration
                  Statement or the initiation of any proceedings for that
                  purpose;

                           (iv) of the receipt by the Company or its legal
                  counsel of any notification with respect to the suspension of
                  the qualification of the Securities for sale in any
                  jurisdiction or the initiation or threatening of any
                  proceeding for such purpose;

                           (v) of the happening of any event that requires the
                  Company and the Guarantors to make changes in the Registration
                  Statement or the prospectus in order that the Registration
                  Statement or the prospectus do not contain an untrue statement
                  of a material fact nor omit to state a material fact required
                  to be stated therein or necessary to make the statements
                  therein (in the case of the prospectus, in light of the
                  circumstances under which they were made) not misleading; and

                           (vi) of any good-faith determination by the Company
                  that it is advisable to suspend use of the Registration
                  Statement or the prospectus for a period of time due to
                  pending material corporate developments or similar material
                  events that have not yet been publicly disclosed and as to
                  which the Company reasonably believes public disclosure will
                  be prejudicial to the Company;

         provided that the aggregate number of days in any 365-day period during
         which the use of the prospectus is suspended by the Company pursuant to
         clauses (v) or (vi) hereof shall not exceed 90.

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                  (c) The Company and the Guarantors shall make every reasonable
         effort to obtain the withdrawal, at the earliest possible time, of any
         order suspending the effectiveness of the Registration Statement.

                  (d) The Company shall furnish to each Holder of Securities
         included within the coverage of the Shelf Registration, without charge,
         at least one copy of the Shelf Registration Statement and any
         post-effective amendment thereto, including financial statements and
         schedules, and, if the Holder so requests in writing, all exhibits
         thereto (including those, if any, incorporated by reference).

                  (e) The Company shall deliver to each Exchanging Dealer and
         each Initial Purchaser, and to any other Holder who so requests,
         without charge, at least one copy of the Exchange Offer Registration
         Statement and any post-effective amendment thereto, including financial
         statements and schedules, and, if any Initial Purchaser or any such
         Holder requests, all exhibits thereto (including those incorporated by
         reference).

                  (f) The Company shall, during the Shelf Registration Period,
         deliver to each Holder of Securities included within the coverage of
         the Shelf Registration, without charge, as many copies of the
         prospectus (including each preliminary prospectus) included in the
         Shelf Registration Statement and any amendment or supplement thereto as
         such person may reasonably request. The Company and the Guarantors
         consent, subject to the provisions of this Agreement, to the use of the
         prospectus or any amendment or supplement thereto by each of the
         selling Holders of the Securities in connection with the offering and
         sale of the Securities covered by the prospectus, or any amendment or
         supplement thereto, included in the Shelf Registration Statement.

                  (g) The Company shall deliver to each Initial Purchaser, any
         Exchanging Dealer, any Participating Broker-Dealer and such other
         persons required to deliver a prospectus following the Registered
         Exchange Offer, without charge, as many copies of the final prospectus
         included in the Exchange Offer Registration Statement and any amendment
         or supplement thereto as such persons may reasonably request. The
         Company and the Guarantors consent, subject to the provisions of this
         Agreement, to the use of the prospectus or any amendment or supplement
         thereto by any Initial Purchaser, if necessary, any Participating
         Broker-Dealer and such other persons required to deliver a prospectus
         following the Registered Exchange Offer in connection with the offering
         and sale of the Exchange Securities covered by the prospectus, or any
         amendment or supplement thereto, included in such Exchange Offer
         Registration Statement.

                  (h) Prior to any public offering of the Securities pursuant to
         any effective Registration Statement the Company shall use reasonable
         efforts to register or qualify or cooperate with the Holders of the
         Securities included therein and their respective counsel in connection
         with the registration or qualification of the Securities for offer and
         sale under the securities or "blue sky" laws of such states of the
         United States as any Holder of the Securities reasonably requests in
         writing and do any and all other acts or things necessary or advisable
         to enable the offer and sale in such jurisdictions of the Securities
         covered by such Registration Statement; provided, however, that the
         Company and the Guarantors shall not be required to (i) qualify
         generally to do business in any jurisdiction where it is not then so
         qualified or (ii) take any action which would subject it to general
         service of process or to taxation in any jurisdiction where it is not
         then so subject.

                  (i) The Company and the Guarantors shall cooperate with the
         Holders of the Securities to facilitate the timely preparation and
         delivery of certificates, if any, representing the Securities to be
         sold pursuant to any Registration Statement free of any restrictive
         legends and in such denominations and registered in such names as the
         Holders may request a reasonable period of time prior to sales of the
         Securities pursuant to such Registration Statement.

                  (j) Upon the occurrence of any event contemplated by
         paragraphs (ii) through (vi) of Section 3(b) above during the period
         for which the Company and the Guarantors are required to maintain an
         effective Registration Statement, the Company and the Guarantors shall
         promptly

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<PAGE>

         prepare and file any requisite post-effective amendment to the
         Registration Statement, any requisite supplement to the related
         prospectus or any other required document so that, as thereafter
         delivered to Holders of the Securities or purchasers of Securities, the
         prospectus will not contain an untrue statement of a material fact or
         omit to state any material fact required to be stated therein or
         necessary to make the statements therein, in light of the circumstances
         under which they were made, not misleading. If the Company notifies the
         Initial Purchasers, the Holders of the Securities and any known
         Participating Broker-Dealer in accordance with paragraphs (ii) through
         (vi) of Section 3(b) above to suspend the use of the prospectus, then
         the Initial Purchasers, the Holders of the Securities and any such
         Participating Broker-Dealers shall suspend use of such prospectus, and
         the period of effectiveness of the Shelf Registration Statement
         provided for in Section 2(b) above and the Exchange Offer Registration
         Statement provided for in Section 1 above shall each be extended by the
         number of days from and including the date of the giving of such notice
         to and including the date when the Initial Purchasers, the Holders of
         the Securities and any known Participating Broker-Dealer shall have
         received any amended or supplemented prospectus pursuant to this
         Section 3(j) or shall have received written notice from the Company
         that the prospectus is again usable.

                  (k) Not later than the effective date of the applicable
         Registration Statement, the Company will provide a CUSIP number for the
         Initial Securities, the Exchange Securities or the Private Exchange
         Securities, as the case may be, and provide the applicable trustee with
         printed certificates for the Initial Securities, the Exchange
         Securities or the Private Exchange Securities, as the case may be, in a
         form eligible for deposit with The Depository Trust Company.

                  (l) The Company and the Guarantors will comply with all rules
         and regulations of the Commission to the extent and so long as they are
         applicable to the Registered Exchange Offer or the Shelf Registration
         and will make generally available to its security holders (or otherwise
         provide in accordance with Section 11(a) of the Securities Act and Rule
         158 promulgated thereunder) an earning statement satisfying the
         provisions of Section 11(a) of the Securities Act, no later than 45
         days after the end of a 12-month period (or 90 days, if such period is
         a fiscal year) beginning with the first month of the Company's first
         fiscal quarter commencing after the effective date of the Registration
         Statement, which statement shall cover such 12-month period.

                  (m) The Company and the Guarantors shall cause the Indenture
         to be qualified under the Trust Indenture Act of 1939, as amended, in a
         timely manner and containing such changes, if any, as shall be
         necessary for such qualification. In the event that such qualification
         would require the appointment of a new trustee under the Indenture, the
         Company shall appoint a new trustee thereunder pursuant to the
         applicable provisions of the Indenture.

                  (n) The Company and the Guarantors may require each Holder of
         Transfer Restricted Securities to be sold pursuant to the Shelf
         Registration Statement to furnish to the Company and the Guarantors
         such information regarding the Holder and the distribution of the
         Securities as the Company and the Guarantors may from time to time
         reasonably require for inclusion in the Shelf Registration Statement,
         and the Company and the Guarantors may exclude from such registration
         the Securities of any Holder that fails to furnish such information
         within a reasonable time after receiving such request.

                  (o) The Company and the Guarantors shall enter into such
         customary agreements (including, if requested, an underwriting
         agreement in customary form) and take all such other action, if any, as
         any Holder of the Securities shall reasonably request in order to
         facilitate the disposition of the Securities pursuant to any Shelf
         Registration.

                  (p) In the case of any Shelf Registration, the Company and the
         Guarantors shall (i) make reasonably available for inspection by the
         Holders of the Securities, any underwriter participating in any
         disposition pursuant to the Shelf Registration Statement and any
         attorney, accountant or other agent retained by the Holders of the
         Securities or any such underwriter all relevant financial and other
         records, pertinent corporate documents and properties of the Company

                                       8
<PAGE>

         and the Guarantors and (ii) cause the Company's and the Guarantors'
         officers, directors, employees, accountants and auditors to supply all
         relevant information reasonably requested by the Holders of the
         Securities or any such underwriter, attorney, accountant or agent in
         connection with the Shelf Registration Statement, in each case, as
         shall be reasonably necessary to enable such persons to conduct a
         reasonable investigation within the meaning of Section 11 of the
         Securities Act; provided, however, that the foregoing inspection and
         information gathering shall be coordinated on behalf of the Initial
         Purchasers by you and on behalf of the other parties, by one counsel
         designated by and on behalf of such other parties as described in
         Section 4 hereof; and provided, further, that the foregoing inspection
         and information gathering shall be subject to any confidentiality
         procedures reasonably instituted by the Company.

                  (q) In the case of any Shelf Registration, the Company and the
         Guarantors, if requested by the Holders of not less than a majority in
         aggregate principal amount of the Securities covered thereby, shall
         cause (i) their counsel to deliver an opinion reasonably satisfactory
         to such Holders, the managing underwriters and their respective counsel
         and updates thereof relating to the Securities in customary form
         addressed to such Holders and the managing underwriters, if any,
         thereof and dated, in the case of the initial opinion, the effective
         date of such Shelf Registration Statement (it being agreed that the
         matters to be covered by such opinion shall be those customary for
         underwritten offerings and include, without limitation, the matters
         similar to those set forth in Section 6(d), 6(e) and 6(f) of the
         Purchase Agreement); (ii) its officers to execute and deliver all
         customary documents and certificates and updates thereof requested by
         any underwriters of the applicable Securities and (iii) its independent
         public accountants and the independent public accountants with respect
         to any other entity for which financial information is provided in the
         Shelf Registration Statement to provide to the selling Holders of the
         applicable Securities and any underwriter therefor a comfort letter in
         customary form and covering matters of the type customarily covered in
         comfort letters in connection with primary underwritten offerings,
         subject to receipt of appropriate documentation as contemplated, and
         only if permitted, by Statement of Auditing Standards No. 72.

                  (r) In the case of the Registered Exchange Offer, if requested
         by any Initial Purchaser or any known Participating Broker-Dealer, the
         Company and the Guarantors shall cause (i) their counsel to deliver to
         such Initial Purchaser or such Participating Broker-Dealer a signed
         opinion in the form set forth in Sections 6(d) and 6(e) of the Purchase
         Agreement with such changes as are customary in connection with the
         preparation of a Registration Statement and (ii) the Company's
         independent public accountants and the independent public accountants
         with respect to any other entity for which financial information is
         provided in the Registration Statement to deliver to such Initial
         Purchaser or such Participating Broker-Dealer a comfort letter, in
         customary form, meeting the requirements as to the substance thereof as
         set forth in Section 6(a) and (b) of the Purchase Agreement, with
         appropriate date changes.

                  (s) If a Registered Exchange Offer or a Private Exchange is to
         be consummated, upon delivery of the Initial Securities by Holders to
         the Company (or to such other Person as directed by the Company) in
         exchange for the Exchange Securities or the Private Exchange
         Securities, as the case may be, the Company shall mark, or caused to be
         marked, on the Initial Securities so exchanged that such Initial
         Securities are being canceled in exchange for the Exchange Securities
         or the Private Exchange Securities, as the case may be; in no event
         shall the Initial Securities be marked as paid or otherwise satisfied.

                  (t) The Company and their Guarantors will use their respective
         best efforts to (a) if the Initial Securities have been rated prior to
         the initial sale of such Initial Securities, confirm such ratings will
         apply to the Securities covered by a Registration Statement, or (b) if
         the Initial Securities were not previously rated, cause the Securities
         covered by a Registration Statement to be rated with the appropriate
         rating agencies, if so requested by Holders of not less than a majority
         in aggregate principal amount of Securities covered by such
         Registration Statement, or by the managing underwriters, if any.

                                       9

<PAGE>

                  (u) In the event that any broker-dealer registered under the
         Exchange Act shall underwrite any Securities or participate as a member
         of an underwriting syndicate or selling group or "assist in the
         distribution" (within the meaning of the Conduct Rules (the "RULES") of
         the National Association of Securities Dealers, Inc. ("NASD")) thereof,
         whether as a Holder of such Securities or as an underwriter, a
         placement or sales agent or a broker or dealer in respect thereof, or
         otherwise, the Company and the Guarantors will use their respective
         best efforts to assist such broker-dealer in complying with the
         requirements of such Rules, including, without limitation, by (i) if
         such Rules, including Rule 2720, shall so require, engaging a
         "qualified independent underwriter" (as defined in Rule 2720) to
         participate in the preparation of the Registration Statement relating
         to such Securities, to exercise usual standards of due diligence in
         respect thereto and, if any portion of the offering contemplated by
         such Registration Statement is an underwritten offering or is made
         through a placement or sales agent, to recommend the yield of such
         Securities, (ii) indemnifying any such qualified independent
         underwriter to the extent of the indemnification of underwriters
         provided in Section 5 hereof and (iii) providing such information to
         such broker-dealer as may be required in order for such broker-dealer
         to comply with the requirements of the Rules.

                  (v) The Company and the Guarantors shall use their respective
         best efforts to take all other steps necessary to effect the
         registration of the Securities covered by a Registration Statement
         contemplated hereby.

         4.  Registration Expenses.

                  (a) All expenses incident to the Company's and the Guarantors'
         performance of and compliance with this Agreement will be borne by the
         Company and the Guarantors, regardless of whether a Registration
         Statement is ever filed or becomes effective, including without
         limitation;

                           (i) all registration and filing fees and expenses;

                           (ii) all fees and expenses of compliance with federal
                  securities and state "blue sky" or securities laws;

                           (iii) all expenses of printing (including printing
                  certificates for the Securities to be issued in the Registered
                  Exchange Offer and the Private Exchange and printing of
                  prospectuses), messenger and delivery services and telephone;

                           (iv) all fees and disbursements of counsel for the
                  Company and the Guarantors;

                           (v) all application and filing fees in connection
                  with listing the Exchange Securities on a national securities
                  exchange or automated quotation system pursuant to the
                  requirements hereof; and

                           (vi) all fees and disbursements of independent
                  certified public accountants of the Company (including the
                  expenses of any special audit and comfort letters required by
                  or incident to such performance).

         The Company and the Guarantors will bear their internal expenses
         (including, without limitation, all salaries and expenses of its
         officers and employees performing legal or accounting duties), the
         expenses of any annual audit and the fees and expenses of any person,
         including special experts, retained by the Company or the Guarantors.

                  (b) In connection with any Registration Statement required by
         this Agreement, the Company and the Guarantors will reimburse the
         Initial Purchasers and the Holders of Transfer Restricted Securities
         who are tendering Initial Securities in the Registered Exchange Offer
         and/or selling or reselling Securities pursuant to the "Plan of
         Distribution" contained in the Exchange Offer Registration Statement or
         the Shelf Registration Statement, as applicable, for the reasonable

                                       10
<PAGE>

         fees and disbursements of not more than one counsel, who shall be Davis
         Polk & Wardwell unless another firm shall be chosen by the Holders of
         not less than a majority in principal amount of the Transfer Restricted
         Securities for whose benefit such Registration Statement is being
         prepared.

         5.  Indemnification.

                  (a) The Company and each of the Guarantors agree, jointly and
         severally, to indemnify and hold harmless each Holder of the
         Securities, any Participating Broker-Dealer and each person, if any,
         who controls such Holder or such Participating Broker-Dealer within the
         meaning of the Securities Act or the Exchange Act (each Holder, any
         Participating Broker-Dealer and such controlling persons are referred
         to collectively as the "INDEMNIFIED PARTIES") from and against any
         losses, claims, damages or liabilities, joint or several, or any
         actions in respect thereof (including, but not limited to, any losses,
         claims, damages, liabilities or actions relating to purchases and sales
         of the Securities) to which each Indemnified Party may become subject
         under the Securities Act, the Exchange Act or otherwise, insofar as
         such losses, claims, damages, liabilities or actions arise out of or
         are based upon any untrue statement or alleged untrue statement of a
         material fact contained in a Registration Statement or prospectus or in
         any amendment or supplement thereto or in any preliminary prospectus
         relating to a Shelf Registration, or arise out of, or are based upon,
         the omission or alleged omission to state therein a material fact
         required to be stated therein or necessary to make the statements
         therein not misleading, and shall reimburse, as incurred, the
         Indemnified Parties for any legal or other expenses reasonably incurred
         by them in connection with investigating or defending any such loss,
         claim, damage, liability or action in respect thereof; PROVIDED,
         HOWEVER, that (i) neither the Company nor any Guarantor shall be liable
         in any such case to the extent that such loss, claim, damage or
         liability arises out of or is based upon any untrue statement or
         alleged untrue statement or omission or alleged omission made in a
         Registration Statement or prospectus or in any amendment or supplement
         thereto or in any preliminary prospectus relating to a Shelf
         Registration in reliance upon and in conformity with written
         information pertaining to such Holder and furnished to the Company or a
         Guarantor by or on behalf of such Holder specifically for inclusion
         therein and (ii) with respect to any untrue statement or omission or
         alleged untrue statement or omission made in any preliminary prospectus
         relating to a Shelf Registration Statement, the indemnity agreement
         contained in this subsection (a) shall not inure to the benefit of any
         Holder or Participating Broker-Dealer from whom the person asserting
         any such losses, claims, damages or liabilities purchased the
         Securities concerned, to the extent that a prospectus relating to such
         Securities was required to be delivered by such Holder or Participating
         Broker-Dealer under the Securities Act in connection with such purchase
         and any such loss, claim, damage or liability of such Holder or
         Participating Broker-Dealer results from the fact that there was not
         sent or given to such person, at or prior to the written confirmation
         of the sale of such Securities to such person, a copy of the final
         prospectus if the Company and the Guarantors had previously furnished
         copies thereof to such Holder or Participating Broker-Dealer; PROVIDED
         FURTHER, HOWEVER, that this indemnity agreement will be in addition to
         any liability which the Company may otherwise have to such Indemnified
         Party. The Company and the Guarantors shall also indemnify
         underwriters, their officers and directors and each person who controls
         such underwriters within the meaning of the Securities Act or the
         Exchange Act to the same extent as provided above with respect to the
         indemnification of the Holders of the Securities if requested by such
         Holders.

                  (b) Each Holder of the Securities, severally and not jointly,
         will indemnify and hold harmless the Company and the Guarantors and
         each person, if any, who controls the Company or a Guarantor within the
         meaning of the Securities Act or the Exchange Act from and against any
         losses, claims, damages or liabilities or any actions in respect
         thereof, to which the Company or any such controlling person may become
         subject under the Securities Act, the Exchange Act or otherwise,
         insofar as such losses, claims, damages, liabilities or actions arise
         out of or are based upon any untrue statement or alleged untrue
         statement of a material fact contained in a Registration Statement or
         prospectus or in any amendment or supplement thereto or in any
         preliminary prospectus relating to a Shelf Registration, or arise out
         of or are based upon the omission or alleged omission to state therein
         a material fact necessary to make the statements

                                       11
<PAGE>

         therein not misleading, but in each case only to the extent that the
         untrue statement or omission or alleged untrue statement or omission
         was made in reliance upon and in conformity with written information
         pertaining to such Holder and furnished to the Company or a Guarantor
         by or on behalf of such Holder specifically for inclusion therein; and,
         subject to the limitation set forth immediately preceding this clause,
         shall reimburse, as incurred, the Company and the Guarantors for any
         legal or other expenses reasonably incurred by the Company or any such
         controlling person in connection with investigating or defending any
         loss, claim, damage, liability or action in respect thereof. This
         indemnity agreement will be in addition to any liability which such
         Holder may otherwise have to the Company or the Guarantors or any of
         their respective controlling persons.

                  (c) Promptly after receipt by an indemnified party under this
         Section 5 of notice of the commencement of any action or proceeding
         (including a governmental investigation), such indemnified party will,
         if a claim in respect thereof is to be made against the indemnifying
         party under this Section 5, notify the indemnifying party of the
         commencement thereof; but the omission so to notify the indemnifying
         party will not, in any event, relieve the indemnifying party from any
         obligations to any indemnified party other than the indemnification
         obligation provided in paragraph (a) or (b) above. In case any such
         action is brought against any indemnified party, and it notifies the
         indemnifying party of the commencement thereof, the indemnifying party
         will be entitled to participate therein and, to the extent that it may
         wish, jointly with any other indemnifying party similarly notified, to
         assume the defense thereof, with counsel reasonably satisfactory to
         such indemnified party (who shall not, except with the consent of the
         indemnified party, be counsel to the indemnifying party), and after
         notice from the indemnifying party to such indemnified party of its
         election so to assume the defense thereof the indemnifying party will
         not be liable to such indemnified party under this Section 5 for any
         legal or other expenses, other than reasonable costs of investigation,
         subsequently incurred by such indemnified party in connection with the
         defense thereof. No indemnifying party shall, without the prior written
         consent of the indemnified party, effect any settlement of any pending
         or threatened action in respect of which any indemnified party is or
         could have been a party and indemnity could have been sought hereunder
         by such indemnified party unless such settlement (i) includes an
         unconditional release of such indemnified party from all liability on
         any claims that are the subject matter of such action, and (ii) does
         not include a statement as to or an admission of fault, culpability or
         a failure to act by or on behalf of any indemnified party.

                  (d) If the indemnification provided for in this Section 5 is
         unavailable or insufficient to hold harmless an indemnified party under
         subsections (a) or (b) above, then each indemnifying party shall
         contribute to the amount paid or payable by such indemnified party as a
         result of the losses, claims, damages or liabilities (or actions in
         respect thereof) referred to in subsection (a) or (b) above in such
         proportion as is appropriate to reflect the relative fault of the
         indemnifying party or parties on the one hand and the indemnified party
         on the other in connection with the statements or omissions that
         resulted in such losses, claims, damages or liabilities (or actions in
         respect thereof) as well as any other relevant equitable
         considerations. The relative fault of the parties shall be determined
         by reference to, among other things, whether the untrue or alleged
         untrue statement of a material fact or the omission or alleged omission
         to state a material fact relates to information supplied by the Company
         and the Guarantors on the one hand or such Holder or such other
         indemnified party, as the case may be, on the other, and the parties'
         relative intent, knowledge, access to information and opportunity to
         correct or prevent such statement or omission. The amount paid by an
         indemnified party as a result of the losses, claims, damages or
         liabilities referred to in the first sentence of this subsection (d)
         shall be deemed to include any legal or other expenses reasonably
         incurred by such indemnified party in connection with investigating or
         defending any action or claim which is the subject of this subsection
         (d). Notwithstanding any other provision of this Section 5(d), the
         Holders of the Securities shall not be required to contribute any
         amount in excess of the amount by which the net proceeds received by
         such Holders from the sale of the Securities pursuant to a Registration
         Statement exceeds the amount of damages which such Holders have
         otherwise been required to pay by reason of such untrue or alleged
         untrue statement or omission or alleged omission. No person guilty of

                                       12
<PAGE>

         fraudulent misrepresentation (within the meaning of Section 11(f) of
         the Securities Act) shall be entitled to contribution from any person
         who was not guilty of such fraudulent misrepresentation. For purposes
         of this paragraph (d), each person, if any, who controls such
         indemnified party within the meaning of the Securities Act or the
         Exchange Act shall have the same rights to contribution as such
         indemnified party and each person, if any, who controls the Company or
         any Guarantor within the meaning of the Securities Act or the Exchange
         Act shall have the same rights to contribution as the Company or such
         Guarantor.

                  (e) The agreements contained in this Section 5 shall survive
         the sale of the Securities pursuant to a Registration Statement and
         shall remain in full force and effect, regardless of any termination or
         cancellation of this Agreement or any investigation made by or on
         behalf of any indemnified party.

         6.  Additional Interest Under Certain Circumstances.

                  (a) Additional interest (the "ADDITIONAL INTEREST") with
         respect to the Securities shall be assessed as follows if any of the
         following events occur (each such event in clauses (i) through (iv)
         below being herein called a "REGISTRATION DEFAULT"):

                           (i) any Registration Statement required by this
                  Agreement is not filed with the Commission on or prior to the
                  applicable Filing Deadline;

                           (ii) any Registration Statement required by this
                  Agreement is not declared effective by the Commission on or
                  prior to the applicable Effectiveness Deadline;

                           (iii) the Registered Exchange Offer has not been
                  consummated on or prior to the Consummation Deadline; or

                           (iv) any Registration Statement required by this
                  Agreement has been declared effective by the Commission but
                  (A) such Registration Statement thereafter ceases to be
                  effective or (B) such Registration Statement or the related
                  prospectus ceases to be usable in connection with resales of
                  Transfer Restricted Securities during the periods specified
                  herein because either (1) any event occurs as a result of
                  which the related prospectus forming part of such Registration
                  Statement would include any untrue statement of a material
                  fact or omit to state any material fact necessary to make the
                  statements therein in the light of the circumstances under
                  which they were made not misleading, or (2) it shall be
                  necessary to amend such Registration Statement or supplement
                  the related prospectus, to comply with the Securities Act or
                  the Exchange Act or the respective rules thereunder.

         Each of the foregoing will constitute a Registration Default whatever
         the reason for any such event and whether it is voluntary or
         involuntary or is beyond the control of the Company and the Guarantors
         or pursuant to operation of law or as a result of any action or
         inaction by the Commission .

         Additional Interest shall accrue on the Securities over and above the
         interest set forth in the title of the Securities from and including
         the date on which any such Registration Default shall occur to but
         excluding the date on which all such Registration Defaults have been
         cured, at a rate of 0.25% per annum (the "ADDITIONAL INTEREST RATE")
         for the first 90-day period immediately following the occurrence of
         such Registration Default. The Additional Interest Rate shall increase
         by an additional 0.25% per annum with respect to each subsequent 90-day
         period until all Registration Defaults have been cured, up to a maximum
         Additional Interest Rate of 1.0% per annum.

                  (b) A Registration Default referred to in Section 6(a)(iv)
         hereof shall be deemed not to have occurred and be continuing in
         relation to a Shelf Registration Statement or the related prospectus if
         (i) such Registration Default has occurred solely as a result of (x)
         the filing of a

                                       13
<PAGE>

         post-effective amendment to such Shelf Registration Statement to
         incorporate annual audited financial information with respect to the
         Company where such post-effective amendment is not yet effective and
         needs to be declared effective to permit Holders to use the related
         prospectus or (y) other material events, with respect to the Company
         that would need to be described in such Shelf Registration Statement or
         the related prospectus and (ii) in the case of clause (y), the Company
         is proceeding promptly and in good faith to amend or supplement such
         Shelf Registration Statement and related prospectus to describe such
         events; PROVIDED, HOWEVER, that in any case if such Registration
         Default occurs for a continuous period in excess of 30 days, Additional
         Interest shall be payable in accordance with the above paragraph from
         the day such Registration Default occurs until such Registration
         Default is cured.

                  (c) Any amounts of Additional Interest due pursuant to Section
         6(a) will be payable in cash on the regular interest payment dates with
         respect to the Securities. The amount of Additional Interest will be
         determined by multiplying the applicable Additional Interest Rate by
         the principal amount of the Securities and further multiplied by a
         fraction, the numerator of which is the number of days such Additional
         Interest Rate was applicable during such period (determined on the
         basis of a 360-day year comprised of twelve 30-day months), and the
         denominator of which is 360.

                  (d) "TRANSFER RESTRICTED SECURITIES" means each Security until
         (i) the date on which such Security has been exchanged by a person
         other than a broker-dealer for a freely transferable Exchange Security
         in the Registered Exchange Offer, (ii) following the exchange by a
         broker-dealer in the Registered Exchange Offer of an Initial Security
         for an Exchange Note, the date on which such Exchange Note is sold to a
         purchaser who receives from such broker-dealer on or prior to the date
         of such sale a copy of the prospectus contained in the Exchange Offer
         Registration Statement, (iii) the date on which such Security has been
         effectively registered under the Securities Act and disposed of in
         accordance with the Shelf Registration Statement or (iv) the date on
         which such Security is distributed to the public pursuant to Rule 144
         under the Securities Act or is saleable pursuant to Rule 144(k) under
         the Securities Act.

         7. Rules 144 and 144A. The Company and the Guarantors shall use their
respective best efforts to file the reports required to be filed by them under
the Securities Act and the Exchange Act in a timely manner and, if at any time
the Company or the Guarantors are not required to file such reports, they will,
upon the request of any Holder of Securities, make publicly available other
information so long as necessary to permit sales of their securities pursuant to
Rules 144 and 144A. The Company and the Guarantors covenant that they will take
such further action as any Holder of Securities may reasonably request, all to
the extent required from time to time to enable such Holder to sell Securities
without registration under the Securities Act within the limitation of the
exemptions provided by Rules 144 and 144A (including the requirements of Rule
144A(d)(4)). The Company and the Guarantors will provide a copy of this
Agreement to prospective purchasers of Initial Securities identified to the
Company and the Guarantors by the Initial Purchasers upon request. Upon the
request of any Holder of Initial Securities, the Company and the Guarantors
shall deliver to such Holder a written statement as to whether it has complied
with such requirements. Notwithstanding the foregoing, nothing in this Section 7
shall be deemed to require the Company or the Guarantors to register any of its
securities pursuant to the Exchange Act.

         8. Underwritten Registrations. If any of the Transfer Restricted
Securities covered by any Shelf Registration are to be sold in an underwritten
offering, the investment banker or investment bankers and manager or managers
that will administer the offering ("MANAGING UNDERWRITERS") will be selected by
the Holders of not less than a majority in aggregate principal amount of such
Transfer Restricted Securities to be included in such offering and shall be
reasonably acceptable to the Company. The Company shall pay the fees and
expenses of such investment bankers and managers to the extent provided in
Section 4. In no event shall the Company be responsible for paying any
underwriting discounts or commissions in connection with such underwritten
offering.

         No person may participate in any underwritten registration hereunder
unless such person (i) agrees to sell such person's Transfer Restricted
Securities on the basis reasonably provided in any underwriting

                                      14
<PAGE>

arrangements approved by the persons entitled hereunder to approve such
arrangements and (ii) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents reasonably
required under the terms of such underwriting arrangements.

         9.  Miscellaneous.

                  (a) Remedies. The Company and the Guarantors acknowledge and
         agrees that any failure by the Company and the Guarantors to comply
         with their obligations under Section 1 and 2 hereof may result in
         material irreparable injury to the Initial Purchasers or the Holders
         for which there is no adequate remedy at law, that it will not be
         possible to measure damages for such injuries precisely and that, in
         the event of any such failure, the Initial Purchasers or any Holder may
         obtain such relief as may be required to specifically enforce the
         Company's and the Guarantors' obligations under Sections 1 and 2
         hereof. The Company and the Guarantors further agree to waive the
         defense in any action for specific performance that a remedy at law
         would be adequate.

                  (b) No Inconsistent Agreements. Neither the Company nor any
         Guarantor will on or after the date of this Agreement enter into any
         agreement with respect to its securities that is inconsistent with the
         rights granted to the Holders in this Agreement or otherwise conflicts
         with the provisions hereof. The rights granted to the Holders hereunder
         do not in any way conflict with and are not inconsistent with the
         rights granted to the holders of the Company's or any Guarantor's
         securities under any agreement in effect on the date hereof.

                  (c) Amendments and Waivers. The provisions of this Agreement
         may not be amended, modified or supplemented, and waivers or consents
         to departures from the provisions hereof may not be given, except by
         the Company and the Guarantors and the written consent of the Holders
         of not less than a majority in aggregate principal amount of the
         Securities affected by such amendment, modification, supplement, waiver
         or consents. Without the consent of the Holder of each Security,
         however, no modification may change the provisions relating to the
         payment of Additional Interest.

                  (d) Notices. All notices and other communications provided for
         or permitted hereunder shall be made in writing by hand delivery,
         first-class mail, facsimile transmission, or air courier which
         guarantees overnight delivery:

                                    (1) if to a Holder of the Securities, at the
                           most current address given by such Holder to the
                           Company.

                                    (2) if to the Initial Purchasers;

                           Credit Suisse First Boston Corporation
                           Eleven Madison Avenue
                           New York, NY 10010-3629
                           Fax No.:  (212) 325-8278
                           Attention:  Transactions Advisory Group

                  with a copy to:

                           Davis Polk & Wardwell
                           450 Lexington Avenue
                           New York, NY 10017
                           Fax No.:  (212) 450-3800
                           Attention: Winthrop B. Conrad, Jr.

                                       15
<PAGE>

                                    (3) if to the Company and the Guarantors, at
                           the Company's address as follows:

                           Roadway Corporation
                           P.O. Box 471
                           Akron, OH 44309
                           Fax No.:  (303) 258-6082
                           Attention: Treasurer

                  with a copy to:

                           Jones, Day, Reavis & Pogue
                           901 Lakeside Avenue
                           Cleveland, OH 44114
                           Fax No.:  (216) 579-0212
                           Attention: Christopher M. Kelly

         All such notices and communications shall be deemed to have been duly
given: at the time delivered by hand, if personally delivered; three business
days after being deposited in the mail, postage prepaid, if mailed; when receipt
is acknowledged by recipient's facsimile machine operator, if sent by facsimile
transmission; and on the next business day after timely delivery to a recognized
overnight courier, if sent by such courier, guaranteeing next day delivery.

                  (e) Third Party Beneficiaries. The Holders shall be third
         party beneficiaries to the agreements made hereunder between the
         Company and the Guarantors, on the one hand, and the Initial
         Purchasers, on the other hand, and shall have the right to enforce such
         agreements directly to the extent they may deem such enforcement
         necessary or advisable to protect their rights or the rights of Holders
         hereunder.

                  (f) Successors and Assigns. This Agreement shall be binding
         upon the Company and the Guarantors and their respective successors and
         assigns.

                  (g) Counterparts. This Agreement may be executed in any number
         of counterparts and by the parties hereto in separate counterparts,
         each of which when so executed shall be deemed to be an original and
         all of which taken together shall constitute one and the same
         agreement.

                  (h) Headings. The headings in this Agreement are for
         convenience of reference only and shall not limit or otherwise affect
         the meaning hereof.

                  (i) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND
         CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT
         REGARD TO PRINCIPLES OF CONFLICTS OF LAWS.

                  (j) Severability. If any one or more of the provisions
         contained herein, or the application thereof in any circumstance, is
         held invalid, illegal or unenforceable, the validity, legality and
         enforceability of any such provision in every other respect and of the
         remaining provisions contained herein shall not be affected or impaired
         thereby.

                  (k) Securities Held by the Company. Whenever the consent or
         approval of Holders of a specified percentage of principal amount of
         Securities is required hereunder, Securities held by the Company or its
         affiliates (other than subsequent Holders of Securities if such
         subsequent Holders are deemed to be affiliates solely by reason of
         their holdings of such Securities) shall not be counted in determining
         whether such consent or approval was given by the Holders of such
         required percentage.

                                       16

<PAGE>

         If the foregoing is in accordance with your understanding of our
agreement, please sign and return to the Company a counterpart hereof, whereupon
this instrument, along with all counterparts, will become a binding agreement
among the several Initial Purchasers, the Company and the Guarantors in
accordance with its terms.

                                Very truly yours,

                                ROADWAY CORPORATION

                                 By: /s/ Joseph R. Boni III
                                    -----------------------------------
                                    Name: Joseph R. Boni III
                                    Title: Treasurer

                               ROADWAY EXPRESS, INC.
                                    as Guarantor

                                 By: /s/ Joseph R. Boni III
                                    -----------------------------------
                                    Name: Joseph R. Boni III
                                    Title: Treasurer

                               ROADWAY EXPRESS INTERNATIONAL, INC.
                                    as Guarantor

                                 By: /s/ Joseph R. Boni III
                                    -----------------------------------
                                    Name: Joseph R. Boni III
                                    Title: Treasurer

                               ROADWAY REVERSE LOGISTICS, INC.
                                    as Guarantor

                                 By: /s/ Joseph R. Boni III
                                    -----------------------------------
                                    Name: Joseph R. Boni III
                                    Title: Treasurer

                               ARNOLD INDUSTRIES, INC.
                                    as Guarantor

                                 By: /s/ Joseph R. Boni III
                                    -----------------------------------
                                    Name: Joseph R. Boni III
                                    Title: Vice President and
                                           Treasurer

<PAGE>

                                     NEW PENN MOTOR EXPRESS, INC.
                                                as Guarantor

                                     By: /s/ Joseph R. Boni III
                                       -----------------------------------
                                         Name: Joseph R. Boni III
                                         Title: Treasurer

                                     ARNOLD TRANSPORTATION SERVICES, INC.
                                        as Guarantor

                                     By: /s/ Joseph R. Boni III
                                         -----------------------------------
                                         Name: Joseph R. Boni III
                                         Title: Treasurer

<PAGE>

The foregoing Registration
Rights Agreement is hereby confirmed
and accepted as of the date first
above written.

CREDIT SUISSE FIRST BOSTON CORPORATION
BMO NESBITT BURNS CORP.
NATCITY INVESTMENTS, INC.
ABN AMRO FINANCIAL SERVICES, INC.
BNP PARIBAS SECURITIES CORP.
FLEET SECURITIES, INC.
SUNTRUST CAPITAL MARKETS, INC.
FIRST UNION SECURITIES, INC.
SBK BROOKS INVESTMENT CORP.

By: CREDIT SUISSE FIRST BOSTON CORPORATION

by: /s/ Scott E. Zoellner
    --------------------------------------------
    Name: Scott E. Zoellner
    Title: Director

<PAGE>

                                                                         ANNEX A

         Each broker-dealer that receives Exchange Securities for its own
account pursuant to the Exchange Offer must acknowledge that it will deliver a
prospectus in connection with any resale of such Exchange Securities. The Letter
of Transmittal states that by so acknowledging and by delivering a prospectus, a
broker-dealer will not be deemed to admit that it is an "underwriter" within the
meaning of the Securities Act. This Prospectus, as it may be amended or
supplemented from time to time, may be used by a broker-dealer in connection
with resales of Exchange Securities received in exchange for Initial Securities
where such Initial Securities were acquired by such broker-dealer as a result of
market-making activities or other trading activities. The Company has agreed
that, for a period of 180 days after the Expiration Date (as defined herein), it
will make this Prospectus available to any broker-dealer for use in connection
with any such resale. See "Plan of Distribution."

                                      A-1
<PAGE>

                                                                         ANNEX B

         Each broker-dealer that receives Exchange Securities for its own
account in exchange for Initial Securities, where such Initial Securities were
acquired by such broker-dealer as a result of market-making activities or other
trading activities, must acknowledge that it will deliver a prospectus in
connection with any resale of such Exchange Securities. See "Plan of
Distribution."

                                       B-1

<PAGE>

                                                                         ANNEX C

                              PLAN OF DISTRIBUTION

         Each broker-dealer that receives Exchange Securities for its own
account pursuant to the Exchange Offer must acknowledge that it will deliver a
prospectus in connection with any resale of such Exchange Securities. This
Prospectus, as it may be amended or supplemented from time to time, may be used
by a broker-dealer in connection with resales of Exchange Securities received in
exchange for Initial Securities where such Initial Securities were acquired as a
result of market-making activities or other trading activities. The Company has
agreed that, for a period of 180 days after the Expiration Date, it will make
this prospectus, as amended or supplemented, available to any broker-dealer for
use in connection with any such resale. In addition, until , 200 , all dealers
effecting transactions in the Exchange Securities may be required to deliver a
prospectus.(1)

         The Company will not receive any proceeds from any sale of Exchange
Securities by broker-dealers. Exchange Securities received by broker-dealers for
their own account pursuant to the Exchange Offer may be sold from time to time
in one or more transactions in the over-the-counter market, in negotiated
transactions, through the writing of options on the Exchange Securities or a
combination of such methods of resale, at market prices prevailing at the time
of resale, at prices related to such prevailing market prices or negotiated
prices. Any such resale may be made directly to purchasers or to or through
brokers or dealers who may receive compensation in the form of commissions or
concessions from any such broker-dealer or the purchasers of any such Exchange
Securities. Any broker-dealer that resells Exchange Securities that were
received by it for its own account pursuant to the Exchange Offer and any broker
or dealer that participates in a distribution of such Exchange Securities may be
deemed to be an "underwriter" within the meaning of the Securities Act and any
profit on any such resale of Exchange Securities and any commission or
concessions received by any such persons may be deemed to be underwriting
compensation under the Securities Act. The Letter of Transmittal states that, by
acknowledging that it will deliver and by delivering a prospectus, a
broker-dealer will not be deemed to admit that it is an "underwriter" within the
meaning of the Securities Act.

         For a period of 180 days after the Expiration Date the Company will
promptly send additional copies of this Prospectus and any amendment or
supplement to this Prospectus to any broker-dealer that requests such documents
in the Letter of Transmittal. The Company has agreed to pay all expenses
incident to the Exchange Offer (including the expenses of one counsel for the
Holders of the Securities) other than commissions or concessions of any brokers
or dealers and will indemnify the Holders of the Securities (including any
broker-dealers) against certain liabilities, including liabilities under the
Securities Act.

------------------------------
(1) In addition, the legend required by Item 502(e) of Regulation S-K will
appear on the inside front cover page of the Exchange Offer prospectus below the
Table of Contents.

                                       C-1

<PAGE>

                                                                         ANNEX D

[ ] CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL
COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR SUPPLEMENTS THERETO.

         Name:  _______________________________________________________
         Address:   _____________________________________________________

If the undersigned is not a broker-dealer, the undersigned represents that it is
not engaged in, and does not intend to engage in, a distribution of Exchange
Securities. If the undersigned is a broker-dealer that will receive Exchange
Securities for its own account in exchange for Initial Securities that were
acquired as a result of market-making activities or other trading activities, it
acknowledges that it will deliver a prospectus in connection with any resale of
such Exchange Securities; however, by so acknowledging and by delivering a
prospectus, the undersigned will not be deemed to admit that it is an
"underwriter" within the meaning of the Securities Act.

                                      D-1<PAGE>
                                                                     EXHIBIT 4.3

                   PLEDGE, SECURITY AND INTERCREDITOR AGREEMENT

         This PLEDGE, SECURITY AND INTERCREDITOR AGREEMENT, dated as of November
30, 2001 (as amended, supplemented, amended and restated or otherwise modified
from time to time, this "AGREEMENT"), is made by and among ROADWAY CORPORATION,
a Delaware corporation (the "BORROWER"), CREDIT SUISSE FIRST BOSTON ("CSFB"), as
collateral agent (together with its successor(s) thereto in such capacity, the
"COLLATERAL AGENT") for each of the Secured Parties (as defined below) and as
administrative agent (together with its successor(s) thereto in such capacity,
the "ADMINISTRATIVE AGENT") under the Credit Agreement (as defined below), and
SUNTRUST BANK, as trustee (together with its successor(s) thereto in such
capacity, the "TRUSTEE") under the Indenture (as defined below).

                              W I T N E S S E T H:

         WHEREAS, pursuant to that certain Credit Agreement, dated as of the
date hereof (the "CREDIT AGREEMENT"), among the Borrower, the financial
institutions from time to time parties thereto (the "LENDERS"), and the
Administrative Agent, the Lenders and the Issuer have extended Commitments to
make Credit Extensions to the Borrower;

         WHEREAS, pursuant to that certain Indenture, dated as of the date
hereof (as amended, supplemented, amended and restated or otherwise modified
from time to time, the "INDENTURE"), among the Borrower, the Subsidiary
Guarantors (as defined therein) and the Trustee, as trustee for the holders (the
"HOLDERS") of the Senior Notes (as hereinafter defined), the Borrower will issue
its 8.25% Senior Notes due 2008 (as amended, supplemented, amended and restated
or otherwise modified from time to time, including all notes issued in exchange
or substitution therefor upon the registration of such notes pursuant to the
Securities Act of 1933, as amended, or otherwise, the "SENIOR NOTES") in the
aggregate principal amount of $225,000,000; and

         WHEREAS, the execution and delivery of this Agreement by the parties
hereto is a condition precedent to the making of the Credit Extensions under the
Credit Agreement and the purchase of the Senior Notes by the initial Holder(s)
thereof; and

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and in order to induce (a) the
Lenders and the Issuer to enter into the Credit Agreement and make Credit
Extensions to the Borrower pursuant thereto, (b) the Holders to purchase the
Senior Notes and (c) the Secured Hedging Counterparties to enter into Rate
Protection Agreements, the parties hereto agree as follows:

<PAGE>

                                    ARTICLE I

                                   DEFINITIONS

         SECTION 1.1. CERTAIN TERMS. The following terms (whether or not
underscored) when used in this Agreement, including its preamble and recitals,
shall have the following meanings (such definitions to be equally applicable to
the singular and plural forms thereof):

         "ADMINISTRATIVE AGENT" is defined in the preamble.

         "AFFILIATE" of any Person means any other Person which, directly or
indirectly, controls, is controlled by or is under common control with such
Person. "Control" of a Person means the power, directly or indirectly,

                  (a) to vote 10% or more of the Capital Stock (on a fully
         diluted basis) of such Person having ordinary voting power for the
         election of directors, managing members or general partners (as
         applicable); or

                  (b) to direct or cause the direction of the management and
         policies of such Person (whether by contract or otherwise).

         "AGREEMENT" is defined in the preamble.

         "BORROWER" is defined in the preamble.

         "CAPITAL STOCK" means, with respect to any Person, any and all shares,
interests, participations or other equivalents (however designated, whether
voting or non-voting) of such Person's capital, whether now outstanding or
issued after the date hereof.

         "CERCLA" means the Comprehensive Environmental Response, Compensation
and Liability Act of 1980, as amended.

         "COLLATERAL" is defined in SECTION 2.1.

         "COLLATERAL AGENT" is defined in the preamble.

         "COLLATERAL AGENT'S ENVIRONMENTAL LIABILITY" means any and all losses,
liabilities, obligations, penalties, claims, litigation, demands, defenses,
costs, judgments, suits, proceedings, damages (including consequential damages),
disbursements or expenses of any kind or nature whatsoever (including reasonable
attorneys' fees at trial and appellate levels and experts' fees and
disbursements and expenses incurred in investigating, defending against or
prosecuting any litigation, claim or proceeding) which may at any time be
imposed upon, incurred by or asserted or awarded against the Collateral Agent or
any of its Affiliates, shareholders, directors, officers, employees, and agents
in connection with or arising from:

                  (a) any Hazardous Material on, in, under or affecting all or
          any portion of any property of the Borrower or any of its
          Subsidiaries, the groundwater thereunder, or any

                                        2

<PAGE>

         surrounding areas thereof to the extent caused by Releases from the
         Borrower's or any of its Subsidiaries' or any of their respective
         predecessors' properties;

                  (b) any investigation, claim, litigation, or proceeding
         related to personal injury arising from exposure or alleged exposure to
         Hazardous Materials handled by the Borrower or any of its Subsidiaries;

                  (c) any misrepresentation, inaccuracy or breach of any
         warranty, contained or referred to in Section 6.12 of the Credit
         Agreement or Section 2(l) of the Purchase Agreement, dated as of
         November __, 2001, among the Borrower, certain Subsidiaries thereof as
         guarantors and the initial purchasers of the Notes;

                  (d) any violation or claim of violation by the Borrower or any
         of its Subsidiaries of any Environmental Laws; or

                  (e) the imposition of any lien for damages caused by or the
         recovery of any costs for the cleanup, Release or threatened Release of
         Hazardous Material by the Borrower or any of its Subsidiaries, or in
         connection with any property owned or formerly owned by the Borrower or
         any of its Subsidiaries.

         "COLLATERAL DOCUMENTS" means this Agreement and the Foreign Pledge
Agreements, if any.

         "COMMITMENTS" means the commitments of the Issuer and the Lenders to
make Credit Extensions and participate, in the case of the Lenders, in the
Credit Extensions consisting of Letters of Credit.

         "CREDIT AGREEMENT" is defined in the FIRST RECITAL, as the same may be
amended, restated, supplemented, renewed, replaced or otherwise modified from
time to time whether or not with the same agent or lenders and irrespective of
any changes in the terms and conditions thereof. Without limiting the generality
of the foregoing, the term "Credit Agreement" shall include any amendment,
amendment and restatement, renewal, extension, restructuring, supplement or
modification to the Credit Agreement and all refundings, refinancing and
replacements thereof, including any agreement or agreements, (i) extending the
maturity of any Indebtedness incurred thereunder or contemplated thereby (ii)
adding or deleting borrowers or guarantors thereunder, (iii) increasing the
amount of Indebtedness incurred thereunder or available to be borrowed
thereunder and/or (iv) increasing the amount of letters of credit issued
thereunder or that may be issued thereunder.

         "CREDIT DOCUMENTS" means, collectively, the Credit Agreement and the
other Loan Documents.

         "CREDIT EXTENSIONS" means, collectively, the loans made by the Lenders
to the Borrower and the Letters of Credit issued by the Issuer for the account
of the Borrower and its Subsidiaries (and participated in by the Lenders), in
each case, under the Credit Agreement.

         "CSFB" is defined in the preamble.

                                        3

<PAGE>

         "DEFAULT" means a Default as defined in the Credit Agreement or the
Indenture, as the case may be.

         "DISTRIBUTIONS" means all non-cash dividends paid on Capital Stock
constituting Collateral, liquidating dividends paid on such Capital Stock,
shares of such Capital Stock resulting from (or in connection with the exercise
of) stock splits, reclassifications, warrants, options, non-cash dividends,
mergers, consolidations, and all other distributions (whether similar or
dissimilar to the foregoing) on or with respect to any such Capital Stock, but
excluding Dividends.

         "DIVIDENDS" means cash dividends and cash distributions with respect to
any Capital Stock constituting Collateral that are not a liquidating dividend.

         "DOLLAR" and the sign "$" mean lawful money of the United States.

         "ENFORCEMENT" means the taking by any Secured Party of any action to
repossess any of the Collateral or to commence judicial or nonjudicial
enforcement of any of its rights and remedies with respect to the Collateral.

         "ENVIRONMENTAL LAWS" means all applicable foreign, federal, state or
local statutes, laws, ordinances, codes, rules, regulations, consent decrees and
administrative orders relating to public health and safety and protection of the
environment, including the Clean Air Act, as amended, the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, as amended, the
Superfund Amendments and Reauthorization Act of 1986, as amended, the Resource
Conservation and Recovery Act of 1976, as amended, the Toxic Substances Control
Act of 1976, as amended, the Federal Water Pollution Control Act Amendments of
1972, the Clean Water Act of 1977, as amended, the Hazardous Materials
Transportation Act, as amended, any so-called "Superfund" and "Superlien" law
(including those already referenced in this definition), and any other law
having a similar subject matter.

         "EVENT OF DEFAULT" means an Event of Default as defined in the Credit
Agreement or the Indenture, as the case may be.

         "FOREIGN PLEDGE AGREEMENT" means any supplemental pledge agreement
governed by the laws of a jurisdiction other than the United States or a State
thereof executed and delivered by the Borrower or any of its direct Subsidiaries
pursuant to the terms of this Agreement, in form and substance reasonably
satisfactory to the Collateral Agent, as may be necessary or desirable under the
laws of organization or incorporation of a direct Subsidiary of the Borrower to
further protect or perfect the Lien on and security interest in any Collateral.

         "GOVERNMENTAL AUTHORITY" means the government of the United States, any
other nation or any political subdivision thereof, whether state or local, and
any agency, authority, instrumentality, regulatory body, court, central bank or
other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government.

                                        4

<PAGE>

         "HAZARDOUS MATERIAL" means

                  (a) any "hazardous substance", as defined by CERCLA;

                  (b) any "hazardous waste", as defined by the Resource
         Conservation and Recovery Act, as amended;

                  (c) any solid waste that is generated in the diagnosis,
         treatment (e.g., provision of medical services) or immunization of
         human beings or animals, in research pertaining thereto, or in the
         production or testing of biologicals; or

                  (d) any pollutant or contaminant or hazardous, dangerous or
         toxic chemical, material or substance (including any petroleum product)
         within the meaning of any other applicable foreign, federal, state or
         local law, regulation, ordinance or requirement (including consent
         decrees and administrative orders) relating to or imposing liability or
         standards of conduct concerning any hazardous, toxic or dangerous
         waste, substance or material, all as amended.

         "HOLDERS" is defined in the SECOND RECITAL.

         "INCLUDING" and "INCLUDE" means including without limiting the
generality of any description preceding such term, and, for purposes of this
Agreement, the parties hereto agree that the rule of ejusdem generis shall not
be applicable to limit a general statement, which is followed by or referable to
an enumeration of specific matters, to matters similar to the matters
specifically mentioned.

         "INDENTURE" is defined in the SECOND RECITAL.

         "ISSUER" means the issuer of the Letters of Credit under the Credit
Agreement.

         "LENDERS" is defined in the FIRST RECITAL.

         "LETTERS OF CREDIT" means the letters of credit issued under the Credit
Agreement.

         "LIEN" means any security interest, mortgage, pledge, hypothecation,
assignment, deposit arrangement, encumbrance, lien (statutory or otherwise),
charge against or interest in property, or other priority or preferential
arrangement of any kind or nature whatsoever, to secure payment of a debt or
performance of an obligation.

         "LIQUIDATION PROCEEDS" means the net proceeds received or receivable in
respect of any sale, exchange, transfer, liquidation, collection or other
disposition of Collateral which is not permitted under SECTION 7.2.10 of the
Credit Agreement.

         "LOANS" means the loans made under the Credit Agreement.

                                        5

<PAGE>

         "PERMITTED LIENS" means

                  (a) judgment Liens in existence for less than 45 days after
         the entry thereof or with respect to which execution has been stayed or
         the payment of which is covered in full (subject to a customary
         deductible) by insurance maintained with responsible insurance
         companies and which do not otherwise result in an Event of Default
         under the Credit Agreement or the Indenture and

                  (b) Liens for taxes, assessments or other governmental charges
         or levies not at the time delinquent or thereafter payable without
         penalty or being diligently contested in good faith by appropriate
         proceedings and for which adequate reserves in accordance with
         generally accepted accounting principles shall have been set aside on
         its books.

         "PERSON" means any natural person, corporation, limited liability
company, partnership, joint venture, association, trust or unincorporated
organization, Governmental Authority or any other legal entity, whether acting
in an individual, fiduciary or other capacity.

         "RATABLE" or "RATABLY" means, with respect to any Secured Party at any
date of determination thereof, the percentage derived by dividing (i) the total,
without duplication, of all outstanding Secured Obligations (whether by virtue
of acceleration or otherwise) under or in respect of the Secured Documents held
or administered by such Secured Party by (ii) the aggregate amount of all
outstanding Secured Obligations.

         "RATE PROTECTION AGREEMENT" means any interest rate swap, cap, collar
or similar agreement entered into by the Borrower or any of its Subsidiaries
under which the counterparty of such agreement is (or at the time such agreement
was entered into, was) a Lender or an Affiliate of a Lender (each, a "SECURED
HEDGING COUNTERPARTY").

         "RELEASE" means a "release" as such term is defined in CERCLA.

         "REQUIRED SECURED PARTIES" means, as of any date of determination,

                  (a) if any Credit Extension or Commitment is outstanding on
         such date, "Required Lenders", as such term is defined in and
         determined under the Credit Agreement; PROVIDED that if any amendment,
         waiver, supplement or other modification or request or direction to be
         determined by the Required Lenders would otherwise require the
         unanimous consent of all Lenders under Section 10.1 of the Credit
         Agreement, then "Required Lenders" shall be deemed to mean all
         Lenders); PROVIDED FURTHER that if any amendment, waiver, supplement or
         other modification hereto or to any other Collateral Document that is
         to be consented to, or any request or direction (including any
         direction in respect of any Enforcement) that is to be given to the
         Collateral Agent, by the "Required Secured Parties" would have an
         adverse and disproportionate effect on the Holders, such amendment,
         waiver, supplement or other modification or request or direction, as
         the case may be, shall also require the consent of the Holders holding
         a majority of the outstanding principal amount of the Senior Notes;
         PROVIDED FURTHER that

                                        6

<PAGE>

         the release of any Collateral shall not in and of itself be deemed to
         result in an adverse and disproportionate effect on the Holders; and

                  (b) if no Credit Extensions and no Commitments are outstanding
         on such date, the Holders holding a majority of the outstanding
         principal amount of the Senior Notes.

         "SECURED DOCUMENTS" means, collectively, the Credit Documents, the
Senior Note Documents, the Rate Protection Agreements and the Collateral
Documents.

         "SECURED HEDGING COUNTERPARTY" is defined in the definition of the term
"Rate Protection Agreement".

         "SECURED OBLIGATIONS" is defined in SECTION 2.2.

         "SECURED PARTIES" means, collectively, the Collateral Agent, the
Administrative Agent (acting for its own benefit and the benefit of the Lenders
and the Issuer), the Lenders, the Issuer, the Trustee (acting for its own
benefit and the benefit of the Holders), the Holders, the Secured Hedging
Counterparties and, in each case, each of their respective successors,
transferees and assigns.

         "SENIOR NOTES" is defined in the SECOND RECITAl.

         "SENIOR NOTE DOCUMENTS" means, collectively, the Senior Notes and the
Indenture.

         "SPECIFIED EVENT" means the occurrence and continuance of (a) a Default
under (i) Section 8.1.9 of the Credit Agreement or (ii) Section 6.01(6) or
6.01(7) of the Indenture or (b) any Event of Default.

         "SUBSIDIARY" means, with respect to any Person, any corporation,
limited liability company, partnership or other entity ("OTHER PERSON") of which
more than 50% of the outstanding Voting Stock of such Other Person (irrespective
of whether at the time Capital Stock of any other class or classes of such Other
Person shall or might have voting power upon the occurrence of any contingency)
is at the time directly or indirectly owned or controlled by such Person, by
such Person and one or more other Subsidiaries of such Person, or by one or more
other Subsidiaries of such Person. Unless the context otherwise specifically
requires, the term "Subsidiary" shall be a reference to a Subsidiary of the
Borrower.

         "TERMINATION DATE" means the date on which all Secured Obligations
arising under or relating to the Credit Documents have been paid in full in
cash, all Letters of Credit have been terminated, expired or cash
collateralized, all Rate Protection Agreements have been terminated and all
Commitments shall have terminated.

         "TRUSTEE" is defined in the preamble.

         "UCC" means the Uniform Commercial Code as in effect from time to time
in the State of New York; PROVIDED, that if, with respect to any financing or
continuation statement or by reason of any provisions of law, the perfection or
the effect of perfection or non-perfection of the

                                       7

<PAGE>

security interests granted to the Collateral Agent pursuant to the applicable
Collateral Document is governed by the Uniform Commercial Code as in effect in a
jurisdiction of the United States other than New York, UCC means the Uniform
Commercial Code as in effect from time to time in such other jurisdiction for
purposes of the provisions of each Collateral Document and any financing or
continuation statement relating to such perfection or effect of perfection or
non-perfection.

         "UNITED STATES" or "U.S." means the United States- of America, its
fifty states and the District
of Columbia.

         "VOTING STOCK" means, with respect to any Person, Capital Stock of any
class or kind ordinarily having the power to vote for the election of directors,
managers or other voting members of the governing body of such Person.

         SECTION 1.2. OTHER DEFINITIONS. Capitalized terms used but not defined
herein and defined in the Credit Agreement are used as defined in the Credit
Agreement. Capitalized terms used herein but not defined herein and not defined
in the Credit Agreement and defined in the UCC (including Certificated Security,
General Intangible, Investment Property, Proceeds and Uncertificated Security)
are used as defined in the UCC.

                                   ARTICLE II

                                SECURITY INTEREST

         SECTION 2.1. GRANT OF SECURITY INTEREST. The Borrower hereby assigns,
pledges, hypothecates, charges, mortgages, delivers, and transfers to the
Collateral Agent, for its benefit and the ratable benefit of each other Secured
Party, and hereby grants to the Collateral Agent, for its benefit and the
ratable benefit of each other Secured Party, a continuing security interest in
all of the following property, whether tangible or intangible, whether now or
hereafter existing, owned or acquired by the Borrower, and wherever located (the
"COLLATERAL"):

                  (a) (i) all Investment Property consisting of, or related to,
         Securities constituting Capital Stock of each direct Subsidiary of
         Borrower (including the Capital Stock of each such Subsidiary described
         in ITEMS A, B(1) and C(1) of SCHEDULE I hereto (as such Schedule may be
         further supplemented by the Borrower and accepted by the Collateral
         Agent)) and (ii) all General Intangibles consisting of, or related to,
         Capital Stock of each direct Subsidiary of the Borrower that is a
         limited liability company or partnership whose Capital Stock does not
         comprise a Security (including the Capital Stock of each such
         Subsidiary described in ITEMS B(2) and C(2) of Schedule I hereto (as
         such Schedule may be further supplemented by the Borrower and accepted
         by the Collateral Agent));

                  (b) all other Capital Stock issued from time to time by any
         direct Subsidiary of the Borrower whether constituting Securities or
         General Intangibles;

                                        8

<PAGE>

                  (c) all Dividends, Distributions, interest, and other payments
         and rights with respect to any of the Collateral described in CLAUSES
         (a) and (b) above; and

                  (d) all Proceeds, products, offspring, rents, issues, profits,
         returns and income of and from any and all of the foregoing Collateral
         (including Proceeds which constitute property of the types described in
         CLAUSES (a) through (c)).

Notwithstanding the foregoing, "Collateral" shall not include (a) more than 65%
of the shares of the Capital Stock of any direct Foreign Subsidiary of the
Borrower if such Foreign Subsidiary is not required to guarantee the Obligations
of the Borrower under the Credit Agreement or any other Loan Document or (b) any
Capital Stock of any direct Subsidiary of the Borrower that is a Non-Material
Subsidiary.

         SECTION 2.2. SECURITY FOR SECURED OBLIGATIONS. This Agreement and the
Collateral in which the Collateral Agent for the benefit of the Secured Parties
is granted a security interest hereunder by the Borrower secure the payment of
all obligations of the Borrower now or hereafter existing under the Secured
Documents, including all outstanding Loans, Senior Notes, Letters of Credit (and
unreimbursed reimbursement obligations arising in connection with draws
thereon), interest (including interest accruing after the occurrence of any
Default set forth in Section 8.1.9 of the Credit Agreement or Section 6.01(6) or
6.01(7) of the Indenture, whether or not a claim for post- filing or
post-petition interest is allowed or allowable under applicable law following
the institution of a proceeding under bankruptcy, insolvency or similar laws),
fees, reimbursement and indemnification obligations and all other amounts
outstanding under any Secured Document (including all such amounts which would
become due but for the operation of the automatic stay under Section 362(a) of
the United States Bankruptcy Code, 11 U.S.C. paragraph Section 362(a), and the
operation of Sections 502(b) and 506(b) of the United States Bankruptcy Code, 11
U.S.C. paragraph Sections 502(b) and 506(b)) (collectively, the "SECURED
OBLIGATIONS").

         SECTION 2.3. BORROWER REMAINS LIABLE. Anything herein to the contrary
notwithstanding:

                  (a) the Borrower shall remain liable under all limited
         liability company agreements and partnership agreements of each of its
         direct Subsidiaries that are limited liability companies and
         partnerships whose Capital Stock are included in the Collateral to the
         extent set forth therein, and will perform all of its duties and
         obligations under such limited liability company agreements and
         partnership agreements to the same extent as if this Agreement had not
         been executed;

                  (b) the exercise by the Collateral Agent of any of its rights
         hereunder will not release the Borrower from any of its duties or
         obligations under any such limited liability company agreements and
         partnership agreements; and

                  (c) no Secured Party will have any obligation or liability
         under any contracts or agreements included in the Collateral by reason
         of this Agreement, nor will any Secured Party be obligated to perform
         any of the obligations or duties of the Borrower

                                       9

<PAGE>

         thereunder or to take any action to collect or enforce any claim for
         payment assigned hereunder.

         SECTION 2.4. DIVIDENDS ON COLLATERAL CONSISTING OF CAPITAL STOCK. In
the event that any Dividend with respect to any Capital Stock pledged hereunder
is permitted to be paid, such Dividend or payment may be paid directly to the
Borrower unless a Specified Event has occurred and is then continuing, in which
case, payment shall be made to the Collateral Agent (provided that if payment is
made to the Borrower when a Specified Event has occurred and is then continuing,
then the Borrower shall hold the same segregated and in trust for the benefit of
the Collateral Agent until paid to the Collateral Agent in accordance with
Section 4.1.4 hereto).

                                   ARTICLE III

                             REPRESENTATIONS AND WARRANTIES

         In order to induce (a) the Lenders and the Issuer to enter into the
Credit Agreement and make Credit Extensions to the Borrower pursuant thereto,
(b) the Holders to purchase the Senior Notes and (c) the Secured Hedging
Counterparties to enter into Rate Protection Agreements, the Borrower represents
and warrants to each Secured Party as set forth below.

         SECTION 3.1. AS TO CAPITAL STOCK OF THE SUBSIDIARIES. With respect to
any direct Subsidiary of the Borrower (other than any such Subsidiary that is a
Non-Material Subsidiary) that is

                  (a) a corporation, business trust, joint stock company or
         similar Person, all Capital Stock issued by such Subsidiary are
         represented by Certificated Securities; and

                  (b) a limited liability company or partnership, all Capital
         Stock issued by such Subsidiary are either (i) Certificated Securities
         that are issued pursuant to a provision contained in the limited
         liability company agreement that expressly provides that such Capital
         Stock are "certificated securities" governed by Article 8 of the UCC or
         (ii) General Intangibles.

The percentage of the issued and outstanding Capital Stock of each direct
Subsidiary pledged by the Borrower hereunder as of the date of this Agreement is
as set forth on SCHEDULE I hereto.

         SECTION 3.2. LOCATION OF COLLATERAL, ETC. The Borrower does not have
any trade names other than those set forth in Item A of SCHEDULE II hereto.
During the four months preceding the date hereof, the Borrower has not been (a)
known by any legal name different from the one set forth on the signature page
hereto, (b) incorporated (or formed) under the laws of any State other than the
State of Delaware or (c) the subject of any merger or other corporate
reorganization, except as set forth in Item B of SCHEDULE II hereto. The
Borrower's federal taxpayer identification numbers is (and, during the four
months preceding the date hereof, the Borrower has not had a federal taxpayer
identification number different from the number) set forth in ITEM C of SCHEDULE
II hereto.

                                       10

<PAGE>

         SECTION 3.3. OWNERSHIP, NO LIENS, ETC. The Borrower owns its
Collateral free and clear of any Lien, except for Liens created by this
Agreement and Permitted Liens. No effective financing statement or other filing
similar in effect covering any Collateral is on file in any recording office,
except those filed in favor of the Collateral Agent relating to this Agreement.

         SECTION 3.4. AS TO CAPITAL STOCK. In the case of any Collateral
consisting of Capital Stock, all of such Capital Stock is duly authorized and
validly issued, fully paid, and non-assessable, and constitute all of the issued
and outstanding shares of Capital Stock of the issuer thereof (or, in the case
of where such issuer is a Foreign Subsidiary, less than all of such shares, to
the extent permitted by the last sentence of SECTION 2.1). None of the
Collateral is subject to any option to purchase or similar right of any Person.
The Borrower is not and will not become a party to or otherwise be bound by any
agreement that restricts in any manner the rights of any present or future
holder of any Collateral with respect thereto. The Borrower has no direct
Subsidiaries that are not Non-Material Subsidiaries other than the Subsidiaries
whose Capital Stock is pledged hereunder, except as set forth in Item D of
SCHEDULE I hereto.

         SECTION 3.5. ORGANIZATION, ETC. The Borrower is validly organized and
existing and in good standing under the laws of the state or jurisdiction of its
incorporation or organization, is duly qualified to do business and is in good
standing as a foreign entity in each jurisdiction where the nature of its
business requires such qualification, and has full power and authority and holds
all requisite governmental licenses, permits and other approvals to enter into
and perform its obligations under this Agreement and to own and hold under lease
its property and to conduct its business substantially as currently conducted by
it.

         SECTION 3.6. DUE AUTHORIZATION, NON-CONTRAVENTION, ETC. The execution,
delivery and performance by the Borrower of this Agreement, its participation in
the consummation of all aspects of the Transaction, and the execution, delivery
and performance by it of the agreements executed and delivered by it in
connection with the Transaction are in each case within its powers, have been
duly authorized by all necessary action, and do not

                  (a) contravene any (i) Organic Document of the Borrower, (ii)
         contractual restriction binding on or affecting the Borrower, (iii)
         court decree or order binding on or affecting the Borrower or (iv) law
         or governmental regulation binding on or affecting the Borrower; or

                  (b) result in, or require the creation or imposition of, any
         Lien on the Borrower's properties (except as permitted by this
         Agreement).

         SECTION 3.7. GOVERNMENT APPROVAL, REGULATION, ETC. No authorization or
approval or other action by, and no notice to or filing with, any Governmental
Authority or other Person (other than those that have been, or on the date of
this Agreement will be, duly obtained or made and which are, or on the date of
this Agreement will be, in full force and effect) is required for:

                  (a) the grant by the Borrower of the security interest granted
         hereby, the pledge by the Borrower of any Collateral pursuant hereto or
         for the execution, delivery and performance of this Agreement by the
         Borrower;

                                       11

<PAGE>

                  (b) the perfection of or the exercise by the Collateral Agent
         of its rights and remedies hereunder;

                  (c) the exercise by the Collateral Agent of the voting or
         other rights provided for in this Agreement, or, except (i) with
         respect to any Capital Stock issued by a direct Subsidiary of the
         Borrower, as may be required in connection with a disposition of such
         Capital Stock by laws affecting the offering and sale of Capital Stock
         generally, the remedies in respect of the Collateral pursuant to this
         Agreement and (ii) any "change of control" or similar filings required
         by state licensing agencies; or

                  (d) the due execution, delivery or performance by the Borrower
         of this Agreement.

The Borrower is not an "investment company" within the meaning of the Investment
Company Act of 1940, as amended, or a "holding company", or a "subsidiary
company" of a "holding company", or an "affiliate" of a "holding company" or of
a "subsidiary company" of a "holding company", within the meaning of the Public
Utility Holding Company Act of 1935, as amended.

         SECTION 3.8. VALIDITY, ETC.

         (a) This Agreement constitutes the legal, valid and binding obligations
of the Borrower, enforceable against it in accordance with its terms (except, in
any case, as such enforceability may be limited by applicable bankruptcy,
insolvency, reorganization or similar laws affecting creditors' rights generally
and by principles of equity).

         (b) This Agreement and the pledge of the Collateral pursuant to this
Agreement, (i) in the case of Collateral consisting of Certificated Securities,
together with the delivery of such Collateral to the Collateral Agent (together
with undated and duly executed stock powers or other instruments of transfer),
creates a valid and perfected and first-priority security interests in such
Collateral securing payment of the Secured Obligations and (ii) in the case of
Collateral other than Collateral consisting of Certificated Securities pledged
hereunder, together with the filing of the financing statements provided by the
Borrower to the Collateral Agent in the offices described on such financing
statements, creates a valid and perfected and (subject to any Permitted Liens)
first-priority security interests in such Collateral securing payment of the
Secured Obligations.

                                   ARTICLE IV

                                    COVENANTS

         The Borrower covenants and agrees that, until the Termination Date, the
Borrower will perform, comply with and be bound by the obligations set forth
below.

         SECTION 4.1. CAPITAL STOCK OF DIRECT SUBSIDIARIES.

         SECTION 4.1.1. GENERALLY. The Borrower shall not allow any of its
direct Subsidiaries that is:

                                       12

<PAGE>

                  (a) a corporation, business trust, joint stock company or
         similar Person, to issue any Uncertificated Securities; and

                  (b) a partnership or limited liability company, to (i) issue
         Capital Stock that is to be dealt in or traded on securities exchanges
         or in securities markets, (ii) issue Capital Stock that is certificated
         other than Certificated Securities pursuant to a provision contained in
         the partnership agreement or limited liability company agreement that
         expressly provides that the Capital Stock of such partnership or
         limited liability company, as the case may be, shall be evidenced by
         Certificate Securities governed by Article 8 of the UCC, or (iii) place
         such Subsidiary's Capital Stock in a securities account.

         SECTION 4.1.2. STOCK POWERS, ETC. The Borrower agrees that all
Collateral consisting of Capital Stock that are Certificated Securities
delivered by the Borrower pursuant to this Agreement will be accompanied by duly
executed undated blank stock powers, or other equivalent instruments of transfer
acceptable to the Collateral Agent. The Borrower will, from time to time upon
the request of the Collateral Agent, promptly deliver to the Collateral Agent
such stock powers, instruments, and similar documents, satisfactory in form and
substance to the Collateral Agent, with respect to such Certificated Securities
as the Collateral Agent may reasonably request and will, from time to time upon
the request of the Collateral Agent after the occurrence of any Event of
Default, promptly transfer any Collateral consisting of Capital Stock into the
name of any nominee designated by the Collateral Agent.

         SECTION 4.1.3. CONTINUOUS PLEDGE. The Borrower will deliver to the
Collateral Agent and at all times keep pledged to the Collateral Agent pursuant
hereto, on a first-priority, perfected basis all Collateral consisting of
Capital Stock and following the occurrence and during the continuance of a
Specified Event, all Dividends and Distributions with respect thereto, and all
Proceeds and rights from time to time received by or distributable to the
Borrower in respect of any of the foregoing Collateral.

         SECTION 4.1.4. VOTING RIGHTS; DIVIDENDS, ETC. The Borrower agrees:

                  (a) promptly upon receipt of notice from the Collateral Agent
         of the occurrence and continuance of a Specified Event and without any
         request therefor by the Collateral Agent, so long as such Specified
         Event shall continue, to deliver (properly endorsed where required
         hereby or requested by the Collateral Agent) to the Collateral Agent
         all Dividends and Distributions with respect to Collateral consisting
         of Capital Stock, and all Proceeds of the Collateral, in each case
         thereafter received by the Borrower, all of which shall be held by the
         Collateral Agent as additional Collateral; and

                  (b) with respect to Collateral consisting of general partner
         interests or limited liability company interests, modifications to the
         respective partnership agreements or limited liability company
         agreements to admit the Collateral Agent as a general partner or
         member, respectively, immediately upon the occurrence and continuance
         of a Specified Event and so long as the Collateral Agent has notified
         the Borrower of the Collateral Agent's intention to exercise its voting
         power under this clause,

                                       13
<PAGE>

                           (i) that the Collateral Agent may exercise (to the
                  exclusion of the Borrower) the voting power and all other
                  incidental rights of ownership with respect to any Collateral
                  consisting of Capital Stock and the Borrower hereby grants the
                  Collateral Agent an irrevocable proxy, exercisable under such
                  circumstances, to vote such Capital Stock; and

                           (ii) to promptly deliver to the Collateral Agent such
                  additional proxies and other documents as may be necessary to
                  allow the Collateral Agent to exercise such voting power.

All Dividends, Distributions, interest, principal, cash payments, payment
intangibles and Proceeds which may at any time and from time to time be held by
the Borrower but which the Borrower is then obligated to deliver to the
Collateral Agent, shall, until delivery to the Collateral Agent, be held by the
Borrower separate and apart from its other property in trust for the Collateral
Agent. The Collateral Agent agrees that unless a Specified Event shall have
occurred and be continuing and the Collateral Agent shall have given the notice
referred to in clause (b), the Borrower will have the exclusive voting power
with respect to any Investment Property constituting Collateral and the
Collateral Agent will, upon the written request of the Borrower, promptly
deliver such proxies and other documents, if any, as shall be reasonably
requested by the Borrower which are necessary to allow the Borrower to exercise
that voting power; provided that no vote shall be cast, or consent, waiver, or
ratification given, or action taken by the Borrower that would impair any such
Collateral or be inconsistent with or violate any provision of any Secured
Document.

         SECTION 4.2. NOTICE OF FUNDAMENTAL CHANGES. The Borrower shall not
change its state of incorporation or formation or its name, identity or
organizational structure such that any financing statement filed to perfect the
Collateral Agent's interests under this Agreement would become seriously
misleading, unless the Borrower shall have given the Collateral Agent not less
than 10 days' prior notice of such change (provided that this Section shall not
be deemed to authorize any change or transaction prohibited under any Secured
Document).

         SECTION 4.3. FURTHER ASSURANCES, ETC. The Borrower agrees that, from
time to time at its own expense, it will promptly execute and deliver all
further instruments and documents, and take all further action, that may be
necessary or that the Collateral Agent may reasonably request, in order to
perfect, preserve and protect any security interest granted or purported to be
granted hereby or to enable the Collateral Agent to exercise and enforce its
rights and remedies hereunder with respect to any Collateral. Without limiting
the generality of the foregoing, the Borrower will

                  (a) from time to time, upon the request of the Collateral
         Agent, promptly deliver to the Collateral Agent such stock powers,
         instruments and similar documents, satisfactory in form and substance
         to the Collateral Agent, with respect to such Collateral as the
         Collateral Agent may reasonably request and will, from time to time
         upon the request of the Collateral Agent after the occurrence and
         during the continuance of any Specified Event promptly transfer any
         securities constituting Collateral into the name of any nominee
         designated by the Collateral Agent;

                                       14

<PAGE>

                  (b) execute and file (or cause to be filed) such documents
         (including financing and continuation statements), instruments or
         notices as may be necessary or that the Collateral Agent may reasonably
         request in order to perfect and preserve the security interests and
         other rights granted or purported to be granted to the Collateral Agent
         hereby;

                  (c) deliver to the Collateral Agent and at all times keep
         pledged to the Collateral Agent pursuant hereto, on a first-priority,
         perfected basis, all Collateral consisting of Certificated Securities
         and following the occurrence and during the continuance of a Specified
         Event, all Dividends and Distributions with respect to all Collateral
         consisting of Capital Stock, and all Proceeds and rights from time to
         time received by or distributable to the Borrower in respect of any of
         the Collateral;

                  (d) not take or omit to take any action the taking or the
         omission of which would result in any impairment or alteration of any
         Capital Stock constituting Collateral; and

                  (e) furnish to the Collateral Agent, from time to time at the
         Collateral Agent's request, statements and schedules further
         identifying and describing the Collateral and such other reports in
         connection with the Collateral as the Collateral Agent may reasonably
         request, all in reasonable detail.

With respect to the foregoing and the grant of the security interest hereunder,
the Borrower hereby authorizes the Collateral Agent to file one or more
financing or continuation statements, and amendments thereto, relative to all or
any part of the Collateral without the signature of the Borrower where permitted
by law. The Borrower agrees that a carbon, photographic or other reproduction of
this Agreement or any financing statement covering the Collateral or any part
thereof shall be sufficient as a financing statement where permitted by law.

                                    ARTICLE V

                                PRIORITY OF LIENS

         Notwithstanding the date or manner of, or order of perfection of, or
the date of incurrence of the debt being secured by, the Liens on the Collateral
in favor of any of the Secured Parties, and notwithstanding any provisions of
the UCC, any applicable law or decision, any Secured Document, or whether the
Administrative Agent, the Trustee, any Secured Hedging Counterparty or any other
Secured Party has possession of all or any part of the Collateral, all such
Liens, as between each Secured Party, on the one hand, and each other Secured
Party, on the other hand, shall be treated by the Collateral Agent and each
other party hereto as having equal priority and shall at all times be shared by
all Secured Parties.

                                       15

<PAGE>

                                   ARTICLE VI

                           ENFORCEMENT; LIQUIDATION PROCEEDS

         SECTION 6.1. EXCLUSIVE RIGHT TO COMMENCE ENFORCEMENT. The Collateral
Agent shall have the exclusive right to commence Enforcement against all or any
portion of the Collateral. The Collateral Agent shall act at the sole direction
of the Required Secured Parties against the Collateral. Each Secured Party
acknowledges and agrees that with respect to any Enforcement commenced by the
Collateral Agent in compliance with the provisions hereof, (i) no Secured Party
shall have any right to direct or participate in any aspect of such Enforcement,
except as otherwise specifically provided in this Section 6.1 or as the
Collateral Agent otherwise elects, (ii) the time, place and manner of any such
Enforcement and the price at which any of the Collateral which is the subject of
such Enforcement is liquidated, as well as all other details of such
Enforcement, shall be determined in the discretion of the Collateral Agent
unless otherwise directed in writing by the Required Secured Parties and (iii)
no Secured Party shall have any claim or action against any other Secured Party
with respect to any such Enforcement or with respect to the amount of
Liquidation Proceeds realized as a result of any such Enforcement. Each Secured
Party agrees that it shall not contest or support any other Person in contesting
in any proceeding (including, in any bankruptcy, moratorium, reorganization or
other insolvency proceeding) the legality, validity, binding effect, priority,
enforceability or effectiveness of the Collateral Agent's first priority
perfected lien on any of the Collateral or prevent any action taken by the
Collateral Agent to foreclose on the Collateral or enforce the security
interests and liens of the Secured Parties.

         SECTION 6.2. ALLOCATION OF LIQUIDATION PROCEEDS. Liquidation Proceeds
derived from a disposition of the Collateral shall be paid to the Collateral
Agent and applied by the Collateral Agent to the payment of the Secured
Obligations as follows:

         FIRST:            To the outstanding costs, expenses and fees of the
                           Collateral Agent that are required to be paid to the
                           Collateral Agent hereunder or under any other Secured
                           Document;

         SECOND:           Ratably to the outstanding costs, expenses and fees
                           of the Administrative Agent and the Trustee that are
                           required to be paid, in the case of the
                           Administrative Agent, under the Credit Documents and
                           in the case of the Trustee, the Senior Note
                           Documents;

         THIRD:            Ratably to (a) interest then due and payable to each
                           Lender and each Holder in respect of the outstanding
                           Loans and Senior Notes, respectively, (b) letter of
                           credit fees then due and payable to the Issuer (and
                           each Lender having a participation in each Letter of
                           Credit), (c) fees then due and payable to each Lender
                           in respect of its Commitments under the Credit
                           Agreement and (d) all amounts then due and payable to
                           each Secured Hedging Counterparty (other than net
                           settlement amounts arising solely in connection with
                           an early termination or settlement of each Rate
                           Protection Agreement to which such Secured Hedging
                           Counterparty is a party);

                                       16

<PAGE>

         FOURTH:           Ratably to (a) principal (and related breakage costs)
                           then due and payable to each Lender and each Holder
                           in respect of the outstanding Loans and Senior Notes,
                           respectively, (b) (i) the cash collateralization of
                           Letters of Credit to the extent then required under
                           the Credit Agreement and (ii) outstanding
                           reimbursement obligations arising under all drawn
                           Letters of Credit, in each case, to the Issuer (and
                           each Lender having a participation therein) and (c)
                           net settlement amounts then due and payable to each
                           Secured Hedging Counterparty in respect of each Rate
                           Protection Agreement to which such Secured Hedging
                           Counterparty is a party (but without duplication of
                           any amounts paid thereto under CLAUSE (d) of clause
                           THIRD above);

         FIFTH:            Ratably to the payment of any other amounts then due
                           and payable to the Secured Parties under any Secured
                           Document; and

         SIXTH:            To the Borrower or whomsoever may be lawfully
                           entitled to receive such surplus.

'                                  ARTICLE VII

                         CERTAIN RESTRICTIONS AND AGREEMENTS

         SECTION 7.1.   TURNOVER; ETC.

         (a) Each of the Secured Parties agrees that if such Secured Party
acquires custody, control or possession of any Collateral or Liquidation
Proceeds therefrom, other than pursuant to the terms of this Agreement, then
such Secured Party in custody, control or possession of such Collateral or
receiving such Liquidation Proceeds shall promptly turn over such Collateral
and/or remit such Liquidation Proceeds to the Collateral Agent who shall
maintain custody, control and possession in accordance with the terms hereof
and/or commence an Enforcement against such Collateral in accordance with the
terms of SECTION 6.1 and/or distribute such Liquidation Proceeds in accordance
with the terms of SECTION 6.2. Until such time as the provisions of the
immediately preceding sentence have been complied with, such Secured Party shall
be deemed to hold such Collateral and proceeds in trust for the parties entitled
thereto hereunder. Notwithstanding the foregoing, prior to the occurrence and
continuance of a Specified Event, no Secured Party shall be required to deliver
to or put in the custody, possession or control of the Collateral Agent or to
hold in trust as specified in the preceding sentence any amount of any Secured
Obligations paid or prepaid by the Borrower to it (and not obtained by it
through any Enforcement) in accordance with the terms of the Credit Agreement.

         (b) The Secured Parties agree that the provisions of this Agreement
with respect to allocations and distributions of Liquidation Proceeds to the
Secured Parties shall prevail notwithstanding any event or circumstances,
including in the event that, through the operation of any bankruptcy,
reorganization, insolvency or other laws or otherwise, the Collateral Agent's
security interest in or lien on the Collateral is avoided in whole or in part or
is enforced with respect to some, but not all of the Secured Obligations then
outstanding. In furtherance of the foregoing, the Secured Parties agree that
none of them shall be entitled to benefit from any

                                       17

<PAGE>

avoidance affecting or otherwise relating to any distribution or allocation made
in accordance with SECTION 6.2 or any other provisions of this Agreement,
whether by preference or otherwise, it being understood and agreed that the
benefit of any such avoidance action otherwise allocable to them shall instead
be allocated and turned over to the Person required to return monies or property
to the Borrower in connection with such avoidance action.

         SECTION 7.2. NOTICES OF DEFAULTS AND INFORMATION REGARDING THE SECURED
OBLIGATIONS.

         (a) Each of the Administrative Agent and the Trustee agrees to give the
Collateral Agent copies of any notice of the occurrence or existence of any
Default or Event of Default which the Administrative Agent or the Trustee, as
the case may be, sends to the Borrower, simultaneously with the sending of such
notice to the Borrower, but the failure to do so shall not affect the validity
of such notice or create a cause of action against the party failing to give
such notice or create any claim or right on behalf of any third party. The
delivery of such notice shall not give the Collateral Agent the obligation to
cure such default or constitute notice by the Borrower to the Collateral Agent
of any Default or Event of Default under the Secured Documents.

         (b) At the request of the Collateral Agent, the Administrative Agent,
the Trustee and each Secured Hedging Counterparty, as applicable, shall provide
the Collateral Agent with a certificate of an authorized officer thereof as to
any and all information that the Collateral Agent may request regarding the
Secured Obligations then owing to or held by such Secured Party or the Secured
Parties on whose behalf such Secured Party acts as agent or trustee (including
if requested, the identity of each Secured Party represented by the
Administrative Agent or the Trustee, as the case may be, amounts of such Secured
Obligations as well as the dates that such Secured Obligations were incurred and
are due).

         SECTION 7.3. UCC NOTICES. In the event that any Secured Party shall be
required by the UCC or any other applicable law to give notice to the other of
an intended disposition of all or any portion of the Collateral, such notice
shall be given in accordance with SECTION 9.11 and ten (10) days' notice shall
be deemed to be commercially reasonable. The execution of this Agreement by the
Administrative Agent and the Trustee shall be deemed to be each party's notice
to the other parties hereto of a claim of an interest in the Collateral for the
purposes of Section 9-621 of the UCC.

         SECTION 7.4. EVENT OF INSOLVENCY PROCEEDINGS.

         (a) Notwithstanding anything to the contrary in this Agreement but in
furtherance hereof, upon the commencement of a case under the Bankruptcy Code by
or against the Borrower:

                  (i) this Agreement shall remain in full force and effect and
         enforceable pursuant to its terms in accordance with Section 510(a) of
         the Bankruptcy Code, and all references herein to the Borrower shall be
         deemed to apply to such entity as debtor in possession and to any
         trustee in bankruptcy for the estate of such entity;

                                       18

<PAGE>

                  (ii) although each Secured Party shall retain its right to
         vote its claims and act in any such case under the Bankruptcy Code
         (including the right to vote to accept or reject any plan of
         reorganization or liquidation), such Secured Party agrees not to take
         any action or vote in any way so as to contest (i) the validity or
         enforceability of this Agreement or any other Collateral Document, (ii)
         the validity, priority or enforceability of the Liens granted with
         respect to the Secured Obligations, and (iii) the relative rights and
         duties of such Secured Party and the other Secured Parties granted
         and/or established herein or in any other Collateral Document with
         respect to such Liens; and

                  (iii) so long as all Secured Obligations have not been paid in
         full in cash, without the express written consent of the Collateral
         Agent, no Secured Party shall (i) with respect to any rights under any
         Secured Document, seek in respect of any part of the Collateral or
         Proceeds thereof or any Lien which may exist thereon, any relief from
         or modification of the automatic stay as provided in Section 362 of the
         Bankruptcy Code or seek or accept any form of adequate protection under
         either or both Sections 362 and 363 of the Bankruptcy Code with respect
         thereof (PROVIDED, HOWEVER, that such Secured Party may seek and
         receive adequate protection payments so long as any such payments are
         turned over to the Collateral Agent for use in accordance with the
         terms of this Agreement), (ii) oppose or object to any other Secured
         Party obtaining a Lien or grant of administrative claim in connection
         with a grant of adequate protection, use of cash collateral or
         post-petition financing under Section 362, 363, or 364 of the
         Bankruptcy Code, (iii) oppose or object to the use of cash collateral
         by the Borrower, if approved by the Required Secured Parties, (iv)
         oppose or object to any postpetition financing (including
         debtor-in-possession financing) provided by any of the Secured Parties
         or provided by a third party pursuant to Section 364 on terms
         acceptable to the Required Secured Parties, (v) oppose or object to or
         withhold consent from the disposition of assets by the Borrower under
         Section 363(b) or (f) of the Bankruptcy Code, if approved by the
         Required Secured Parties (provided that the interest, if any, which
         such Secured Party has in the assets shall attach to the Proceeds of
         such disposition), (vi) oppose, object to, or vote against any plan of
         reorganization or disclosure statement the terms of which are
         consistent with the rights of the Secured Parties under this Agreement
         and the other Collateral Documents under which the Liens and the
         priority thereof are granted and established, (vii) make an election
         pursuant to Section 1111(b) of the Bankruptcy Code, (viii) oppose or
         object to the determination of the extent of any Liens held by any of
         the Secured Parties or the value of any claims of Secured Parties under
         Section 506(a) of the Bankruptcy Code, or (ix) oppose or object to the
         payment of interest and expenses to the Secured Parties as provided
         under Section 506(b) and (c) of the Bankruptcy Code.

         (b) The obligations of each Secured Party under this Agreement shall
continue to be effective, or to be reinstated, as the case may be, as to any
payment in respect of any Secured Obligation that is rescinded or must otherwise
be returned by the applicable Secured Party of such Secured Obligation upon the
occurrence or as a result of applicable provisions of the Bankruptcy Code, all
as though such payment had not be made.

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<PAGE>

                                  ARTICLE VIII

                              THE COLLATERAL AGENT

         SECTION 8.1.   APPOINTMENT, ETC.

         SECTION 8.1.1. ACTIONS. Each Secured Party, by executing and delivering
this Agreement and/or by accepting the benefits of this Agreement and the other
Collateral Documents, hereby (i) consents to the appointment of the Collateral
Agent as agent hereunder and grants to the Collateral Agent all rights and
powers necessary for the Collateral Agent to perform its obligations hereunder,
(ii) confirms that the Collateral Agent shall have the authority, subject to the
terms of this Agreement, to act as the exclusive agent and attorney- in- fact of
such Secured Party to enforce any remedies under or with respect to any
Collateral Document, to give or withhold any consent or approval relating to any
Collateral or the Collateral Documents or any obligations with respect thereto,
and otherwise to take any action on behalf of the Secured Parties contemplated
in the Collateral Documents (including exercising remedies) and (iii) agrees
that, except as provided in this Agreement, such Secured Party shall not take
any action to enforce any of such remedies or give any such consents or
approvals relating to any Collateral or the Collateral Documents. Each Secured
Party authorizes the Collateral Agent to act on behalf of such Secured Party
under this Agreement and each other Collateral Document and, in the absence of
other written instructions from the Required Secured Parties received from time
to time by the Collateral Agent (with respect to which the Collateral Agent
agrees that it will comply, except as otherwise provided in this Section or as
otherwise advised by counsel in order to avoid contravention of applicable law),
to exercise such powers hereunder and thereunder as are specifically delegated
to or required of the Collateral Agent by the terms hereof and thereof, together
with such powers as may be reasonably incidental thereto. Each Secured Party
hereby indemnifies (which indemnity shall survive any termination of this
Agreement) the Collateral Agent, pro rata according to such Secured Party's
Ratable portion of the Secured Obligations, from and against any and all
liabilities, obligations, losses, damages, claims, costs or expenses of any kind
or nature whatsoever which may at any time be imposed on, incurred by, or
asserted against, the Collateral Agent in any way relating to or arising out of
this Agreement or any other Collateral Document, including reasonable attorneys'
fees, and as to which the Collateral Agent is not reimbursed by the Borrower;
PROVIDED, HOWEVER, that no Secured Party shall be liable for the payment of any
portion of such liabilities, obligations, losses, damages, claims, costs or
expenses which are determined by a court of competent jurisdiction in a final
proceeding to have resulted from the Collateral Agent's gross negligence or
willful misconduct. The Collateral Agent shall not be required to take any
action under this Agreement or any other Collateral Document, or to prosecute or
defend any suit in respect of this Agreement or any other Collateral Document,
unless it is indemnified hereunder to its satisfaction. If any indemnity in
favor of the Collateral Agent shall be or become, in the Collateral Agent's
determination, inadequate, the Collateral Agent may call for additional
indemnification from the Secured Parties and cease to do the acts indemnified
against hereunder until such additional indemnity is given.

         SECTION 8.1.2. EXCULPATION. Neither the Collateral Agent nor any of its
directors, officers, employees or agents shall be liable to any Secured Party
for any action taken or omitted to be taken by it under this Agreement or any
other Collateral Document, or in connection

                                       20

<PAGE>

herewith or therewith, except for its own willful misconduct or gross
negligence, nor responsible for any recitals or warranties herein or therein,
nor for the effectiveness, enforceability, validity or due execution of this
Agreement, any other Collateral Document or any other Secured Document, nor for
the creation, perfection or priority of any Liens purported to be created by
this Agreement or any other Collateral Document, or the validity, genuineness,
enforceability, existence, value or sufficiency of any collateral security, nor
to make any inquiry respecting the performance by the Borrower of its Secured
Obligations. Any such inquiry which may be made by the Collateral Agent shall
not obligate it to make any further inquiry or to take any action. The
Collateral Agent shall be entitled to rely upon advice of counsel concerning
legal matters and upon any notice, consent, certificate, statement or writing
which the Collateral Agent believes to be genuine and to have been presented by
a proper Person (including each certificate delivered to the Collateral Agent by
the Administrative Agent, the Trustee or any Secured Hedging Counterparty
pursuant to SECTION 7.2(b)).

         SECTION 8.1.3. SUCCESSOR. The Collateral Agent may resign as such at
any time upon at least 30 days' prior notice to the Borrower, the Administrative
Agent, the Trustee and each Secured Hedging Counterparty. The Secured Parties
holding at least two-thirds of the Secured Obligations (the "REMOVING SECURED
PARTIES") may remove the Collateral Agent for cause upon at least 30 days notice
to the Collateral Agent. If the Collateral Agent at any time shall resign or be
removed under this Agreement, the Required Secured Parties may appoint the
Administrative Agent, the Trustee or another Secured Party that is a commercial
banking institution organized under the laws of the U.S. (or any State thereof)
or a U.S. branch or agency of a commercial banking institution, and having a
combined capital and surplus of at least $250,000,000 as a successor Collateral
Agent which shall thereupon become the Collateral Agent hereunder. If no
successor Collateral Agent shall have been so appointed by the Required Secured
Parties, and shall have accepted such appointment, within 30 days after the
retiring Collateral Agent's giving notice of resignation or within 30 days after
the Removing Secured Parties' giving notice of removal, then the retiring
Collateral Agent (in the case of resignation) or the Removing Secured Parties
(in the case of removal) shall, on behalf of the Secured Parties, appoint a
successor Collateral Agent, which shall be the Administrative Agent, the Trustee
or one of the other Secured Parties that is a commercial banking institution
organized under the laws of the U.S. (or any State thereof) or a U.S. branch or
agency of a commercial banking institution, and having a combined capital and
surplus of at least $250,000,000; PROVIDED, HOWEVER, that if, such retiring
Collateral Agent is unable to find a replacement which is willing to accept such
appointment and which meets the qualifications set forth in above, the retiring
Collateral Agent's resignation shall nevertheless thereupon become effective and
the Secured Parties shall assume and perform all of the duties of the Collateral
Agent hereunder until such time, if any, as the Required Secured Parties appoint
a successor as provided for above. Upon the acceptance of any appointment as
Collateral Agent hereunder by a successor Collateral Agent, such successor
Collateral Agent shall be entitled to receive from the retiring Collateral Agent
such documents of transfer and assignment as such successor Collateral Agent may
reasonably request, and shall thereupon succeed to and become vested with all
rights, powers, privileges and duties of the retiring Collateral Agent, and the
retiring Collateral Agent shall be discharged from its duties and obligations
under the Collateral Documents. After any retiring Collateral Agent's
resignation or removal hereunder as the Collateral Agent, the provisions of

                                       21

<PAGE>

this Article shall inure to its benefit as to any actions taken or omitted to be
taken by it while it was the Collateral Agent under the Collateral Documents,
and the third sentence of SECTION 8.1.1 and Sections 9.3 and 9.4 shall continue
to inure to its benefit.

         SECTION 8.1.4. CREDIT EXTENSIONS BY THE COLLATERAL AGENT. The
Collateral Agent shall have the same rights and powers with respect to (x) the
Credit Extensions made by it or any of its Affiliates and (y) the Senior Notes
held by it or any of its Affiliates as any other Secured Party and may exercise
the same as if it were not the Collateral Agent. The Collateral Agent and each
of its Affiliates may accept deposits from, lend money to, and generally engage
in any kind of business with the Borrower or any Subsidiary or Affiliate of the
Borrower as if the Collateral Agent were not the Collateral Agent hereunder.

         SECTION 8.1.5. CREDIT DECISIONS. Each Secured Party acknowledges that
it has, independently of the Collateral Agent and each other Secured Party, and
based on such Secured Party's review of the financial information of the
Borrower and its Subsidiaries, the Secured Documents to which it is a party or
which inure to the benefit of such Secured Party (the terms and provisions of
which being satisfactory to such Secured Party) and such other documents,
information and investigations as such Secured Party has deemed appropriate,
made its own credit decision to make its Credit Extension or acquire its Senior
Note. Each Secured Party also acknowledges that it will, independently of the
Collateral Agent and each other Secured Party, and based on such other
documents, information and investigations as it shall deem appropriate at any
time, continue to make its own credit decisions as to exercising or not
exercising from time to time any rights and privileges available to it under
such Secured Documents.

         SECTION 8.1.6. COPIES, ETC. The Collateral Agent shall give prompt
notice to each of the Administrative Agent and the Trustee of each notice
required to be given to the Collateral Agent by the Borrower hereunder (unless
concurrently delivered to such Secured Party by the Borrower).

         SECTION 8.1.7. RELIANCE BY THE COLLATERAL AGENT. The Collateral Agent
shall be entitled to rely upon any certification, notice or other communication
(including any thereof by telephone, telecopy, telegram or cable) believed by it
to be genuine and correct and to have been signed or sent by or on behalf of the
proper Person, and upon advice and statements of legal counsel, independent
accountants and other experts selected by the Collateral Agent. As to any
matters not expressly provided for by the Collateral Documents, the Collateral
Agent shall in all cases be fully protected in acting, or in refraining from
acting, hereunder or thereunder in accordance with instructions given by the
Required Secured Parties as is required in such circumstance, and such
instructions of the Required Secured Parties and any action taken or failure to
act pursuant thereto shall be binding on all Secured Parties. For purposes of
applying amounts in accordance with this Section, the Collateral Agent shall be
entitled to rely upon each certificate provided to it under SECTION 7.2(b).
Unless it has actual knowledge evidenced by way of written notice from any
Secured Hedging Counterparty and the Borrower to the contrary, the Collateral
Agent, in acting in such capacity under the Collateral Documents, shall be
entitled to assume that no Rate Protection Agreements or Secured Obligations in
respect thereof are in existence or outstanding between any Secured Hedging
Counterparty and the Borrower.

                                       22

<PAGE>

         SECTION 8.1.8. DEFAULTS. The Collateral Agent shall not be deemed to
have knowledge or notice of the occurrence of a Default unless the Collateral
Agent has received a written notice from the Administrative Agent, the Trustee,
any other Secured Party or the Borrower specifying such Default and stating that
such notice is a "Notice of Default". In the event that the Collateral Agent
receives such a notice of the occurrence of a Specified Default, the Collateral
Agent shall give prompt notice thereof to the Administrative Agent, the Trustee
and each Secured Hedging Counterparty. The Collateral Agent shall take such
actio n with respect to such Specified Default to the extent action can be taken
hereunder or under applicable law as shall be directed by the Required Secured
Parties; provided, that unless and until the Collateral Agent shall have
received such directions, the Collateral Agent may (but shall not be obligated
to) take such action, or refrain from taking such action, with respect to such
Specified Default as it shall deem advisable in the best interest of the Secured
Parties except to the extent that this Agreement expressly requires that such
action be taken, or not be taken, only with the consent or upon the
authorization of the Required Secured Parties.

         SECTION 8.1.9. RELEASE OF COLLATERAL. Each Secured Party irrevocably
authorizes the Collateral Agent to release any Lien granted to or held by or in
favor of the Collateral Agent for the benefit of the Secured Parties upon the
occurrence of the Termination Date or in connection with any Collateral being
disposed of in accordance with the terms of Section 7.2.10 of the Credit
Agreement and the other relevant provisions of the Credit Agreement (including
as a result of the disposition of any direct Subsidiary of the Borrower that has
guaranteed any of the Secured Obligations and whose Capital Stock constitutes
Collateral); PROVIDED, HOWEVER, that the Collateral Agent may, prior to any such
release, request that the Borrower certify in a written notice delivered to the
Collateral Agent (with such detail as the Collateral Agent may reasonably
request) that such disposition or release is made in compliance with the terms
of the Credit Agreement. The Collateral Agent shall be entitled to rely upon
such written notification and shall not be obligated to confirm with any Secured
Party that the Collateral Agent is authorized to release any particular types or
items of Collateral (including the Capital Stock of any such Subsidiary) under
the Collateral Documents pursuant to this SECTION 8.1.9. Upon any such
disposition or termination, the Collateral Agent shall, at the Borrower's sole
expense, deliver to the Borrower, without any representations, warranties or
recourse of any kind whatsoever, all Collateral held by the Collateral Agent
hereunder, and execute and deliver to the Borrower such documents as the
Borrower shall reasonably request to evidence such termination.

         SECTION 8.2. COLLATERAL AGENT APPOINTED ATTORNEY-IN-FACT. The Borrower
hereby irrevocably appoints the Collateral Agent its attorney-in-fact, with
full authority in the place and stead of the Borrower and in the name of the
Borrower or otherwise, from time to time in the Collateral Agent's discretion,
following the occurrence and during the continuance of a Specified Event, to
take any action and to execute any instrument which the Collateral Agent may
deem necessary or advisable to accomplish the purposes of this Agreement,
including:

                  (a) to ask, demand, collect, sue for, recover, compromise,
         receive and give acquittance and receipts for moneys due and to become
         due under or in respect of any of the Collateral;

                                       23

<PAGE>

                  (b) to receive, endorse, and collect any drafts or other
         instruments, documents and chattel paper, in connection with CLAUSE (a)
         above;

                  (c) to file any claims or take any action or institute any
         proceedings which the Collateral Agent may deem necessary or desirable
         for the collection of any of the Collateral or otherwise to enforce the
         rights of the Collateral Agent with respect to any of the Collateral;
         and

                  (d) to perform the affirmative obligations of the Borrower
         hereunder.

The Borrower hereby acknowledges, consents and agrees that the power of attorney
granted pursuant to this Section is irrevocable and coupled with an interest.

         SECTION 8.3. COLLATERAL AGENT MAY PERFORM. If the Borrower fails to
perform any agreement contained herein within 30 days after written notice from
the Collateral Agent, the Collateral Agent may itself perform, or cause
performance of, such agreement, and the expenses of the Collateral Agent
incurred in connection therewith shall be payable by the Borrower pursuant to
Section 9.3.

         SECTION 8.4. COLLATERAL AGENT HAS NO DUTY.  The powers conferred on the
Collateral Agent hereunder are solely to protect its interest (on behalf of the
Secured Parties) in the Collateral and shall not impose any duty on it to
exercise any such powers. Except for reasonable care of any Collateral in its
possession and the accounting for moneys actually received by it hereunder, the
Collateral Agent shall have no duty as to any Collateral or responsibility for

                  (a) ascertaining or taking action with respect to calls,
         conversions, exchanges, maturities, tenders or other matters relative
         to any investment property, whether or not the Collateral Agent has or
         is deemed to have knowledge of such matters, or

                  (b) taking any necessary steps to preserve rights against
         prior parties or any other rights pertaining to any Collateral.

         SECTION 8.5. REASONABLE CARE. The Collateral Agent is required to
exercise reasonable care in the custody and preservation of any of the
Collateral in its possession; PROVIDED that the Collateral Agent shall be deemed
to have exercised reasonable care in the custody and preservation of any of the
Collateral, if it takes such action for that purpose as the Borrower reasonably
requests in writing at times other than upon the occurrence and during the
continuance of any Specified Event, but failure of the Collateral Agent to
comply with any such request at any time shall not in itself be deemed a failure
to exercise reasonable care.

                                       24

<PAGE>

                                   ARTICLE IX

                            MISCELLANEOUS PROVISIONS

         SECTION 9.1. LOAN DOCUMENT. This Agreement is a Loan Document executed
pursuant to the Credit Agreement and shall (unless otherwise expressly indicated
herein) be construed, administered and applied in accordance with the terms and
provisions thereof.

         SECTION 9.2. SUPREMACY OF THIS AGREEMENT. In the event any conflict
between the provisions of this Agreement and the provisions of any other Secured
Document, the provisions of this Agreement shall control.

         SECTION 9.3. PAYMENT OF COSTS AND EXPENSES. The Borrower agrees to pay
on demand all expenses of the Collateral Agent (including the fees and
reasonable out-of-pocket expenses of its counsel and local and foreign counsel,
if any) in connection with

                  (a) the negotiation, preparation, execution and delivery and
         ongoing administration of each Collateral Document, including schedules
         and exhibits, any amendments, waivers, consents, supplements or other
         modifications to any Collateral Document as may from time to time
         hereafter be required, whether or not the transactions contemplated
         hereby or any Secured Document are consummated;

                  (b) the filing or recording of any Collateral Document
         (including any financing or continuation statement) and all amendments,
         supplements, amendment and restatements and other modifications to any
         thereof, searches made following the date hereof in jurisdictions where
         financing or continuation statements (or other documents evidencing
         Liens in favor of the Collateral Agent) have been recorded and any and
         all other documents or instruments of further assurance required to be
         filed or recorded by the terms of any Collateral Document; and

                  (c) the preparation and review of the form of any document or
         instrument relevant to any Collateral Document.

The Borrower further agrees to pay, and to save the Collateral Agent harmless
from all liability for, any stamp or other taxes which may be payable in
connection with the execution or delivery of each Collateral Document. The
Borrower also agrees to reimburse the Collateral Agent upon demand for all
reasonable out-of-pocket expenses (including reasonable attorneys' fees and
legal expenses of counsel to the Collateral Agent) incurred by the Collateral
Agent in connection with (x) the negotiation of any restructuring or "work-out"
with the Borrower, whether or not consummated, of any Secured Obligations and
(y) the enforcement of any Secured Obligations.

Any amounts due by the Borrower under this Section 9.3 shall be in addition to
(and not in limitation of) any amounts due to any Secured Party under any other
Secured Document.

         SECTION 9.4. INDEMNIFICATION. In consideration of the execution and
delivery of this Agreement by the Collateral Agent, the Borrower hereby
indemnifies, exonerates and holds the Collateral Agent and each of its officers,
directors, employees and agents (collectively, the

                                       25

<PAGE>

"INDEMNIFIED PARTIES") free and harmless from and against any and all actions,
causes of action, suits, losses, costs, liabilities and damages, and expenses
incurred in connection therewith (irrespective of whether any such Indemnified
Party is a party to the action for which indemnification hereunder is sought),
including reasonable attorneys' fees and disbursements, whether incurred in
connection with actions between or among the parties hereto or the parties
hereto and third parties (collectively, the "INDEMNIFIED LIABILITIES"), incurred
by the Indemnified Parties or any of them as a result of, or arising out of, or
relating to

                  (a) any transaction financed or to be financed in whole or in
         part, directly or indirectly, with the proceeds of the issuance of the
         Senior Notes or of any Credit Extension, including all Indemnified
         Liabilities arising in connection with the Transaction;

                  (b) the entering into and performance of any Collateral
         Document by any of the Indemnified Parties (including any action
         brought by or on behalf of the Borrower as the result of any
         determination by the Required Lenders pursuant to Article V of the
         Credit Agreement not to fund any Credit Extension, PROVIDED that any
         such action is resolved in favor of such Indemnified Party);

                  (c) any investigation, litigation or proceeding related to any
         acquisition or proposed acquisition by the Borrower or any Subsidiary
         thereof of all or any portio n of the Capital Stock or assets of any
         Person, whether or not an Indemnified Party is party thereto;

                  (d) any investigation, litigation or proceeding related to any
         environmental cleanup, audit, compliance or other matter relating to
         the protection of the environment or the Release or threatened Release
         by the Borrower or any Subsidiary thereof of any Hazardous Material;

                  (e) any investigation, claim, litigation, or proceeding
         related to personal injury arising from exposure or alleged exposure to
         Hazardous Materials handled by the Borrower or any of its Subsidiaries;

                  (f) the presence on or under, or the escape, seepage, leakage,
         spillage, discharge, emission, discharging or releases from, any real
         property owned or operated by the Borrower or any Subsidiary thereof of
         any Hazardous Material (including any losses, liabilities, damages,
         injuries, costs, expenses or claims asserted or arising under any
         Environmental Law), regardless of whether caused by, or within the
         control of, the Borrower or Subsidiary; or

                  (g) the Collateral Agent's Environmental Liability (the
         indemnification herein shall survive repayment of the Obligations and
         any transfer of the property of the Borrower or its Subsidiaries by
         foreclosure or by a deed in lieu of foreclosure for any Collateral
         Agent's Environmental Liability, regardless of whether caused by, or
         within the control of, the Borrower or such Subsidiary);

                                       26

<PAGE>

except for Indemnified Liabilities arising for the account of a particular
Indemnified Party by reason of the relevant Indemnified Party's gross negligence
or willful misconduct. The Borrower and its successors and assigns hereby waive,
release and agree not to make any claim or bring any cost recovery action
against, any Indemnified Party under CERCLA or any state equivalent, or any
similar la w now existing or hereafter enacted. It is expressly understood and
agreed that to the extent that any Indemnified Party is strictly liable under
any Environmental Laws, the Borrower's obligation to such Indemnified Party
under this indemnity shall likewise be without regard to fault on the part of
the Borrower with respect to the violation or condition which results in
liability of an Indemnified Party. If and to the extent that the foregoing
undertaking may be unenforceable for any reason, the Borrower agrees to make the
maximum contribution to the payment and satisfaction of each of the Indemnified
Liabilities which is permissible under applicable law.

Any amounts due by the Borrower under this SECTION 9.3 shall be in addition to
(and not in limitation of) any amounts due to any Secured Party under any other
Secured Document.

         SECTION 9.5. AMENDMENTS, ETC. No amendment to or waiver of any
provision of this Agreement, nor consent to any departure by the Borrower from
its obligations under this Agreement, shall in any event be effective unless the
same shall be in writing and signed by the Collateral Agent (on behalf of the
Required Secured Parties) and if such amendment, waiver or consent affects the
Borrower, the Borrower and then such waiver or consent shall be effective only
in the specific instance and for the specific purpose for which given.

         SECTION 9.6. NO ADDITIONAL RIGHTS FOR THE BORROWER HEREUNDER. If any
Secured Party shall enforce its rights or remedies in violation of the terms of
this Agreement, the Borrower by its acknowledgment and execution of this
Agreement, agrees that it shall not use such violation as a defense to an
Enforcement by such party under any Secured Document nor assert such violation
as counterclaim or basis for setoff or recoupment against such party.

         SECTION 9.7. FURTHER ASSURANCES. Each Secured Party shall cooperate
fully with the Collateral Agent and each other Secured Party, to the end that
the terms and provisions of this Agreement may be promptly and fully carried out
and shall, from time to time, execute and deliver any and all other agreements,
documents or instruments and to take such other actions, all as may be
reasonably necessary or desirable to effectuate the terms of this Agreement.

         SECTION 9.8. SPECIFIC PERFORMANCE. The parties acknowledge that no
adequate remedy of law exists for breach of their respective obligations under
this Agreement and therefore that, in the event any party fails to comply with
its obligations hereunder, the other parties hereto shall have the right to
obtain specific performance of the obligations of such defaulting party or such
other equitable relief as may be available.

         SECTION 9.9. BINDING ON SUCCESSORS, TRANSFEREES AND ASSIGNS;
ASSIGNMENT. This Agreement shall remain in full force and effect until the
Termination Date has occurred, shall be binding upon the Borrower and its
successors, transferees and assigns and shall inure to the benefit of and be
enforceable by each Secured Party and its successors, transferees and assigns;
PROVIDED that the Borrower may not (unless otherwise permitted under the terms
of each of the

                                       27

<PAGE>

Credit Agreement and the Indenture) assign any of its obligations hereunder
without the prior written consent of the Required Secured Parties.

         SECTION 9.10. NO WAIVER; REMEDIES. In addition to, and not in
limitation of SECTION 2.4, no failure on the part of any Secured Party to
exercise, and no delay in exercising, any right hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise of any right hereunder
preclude any other or further exercise thereof or the exercise of any other
right. The remedies herein provided are cumulative and not exclusive of any
remedies provided by law.

         SECTION 9.11. NOTICES. All notices and other communications provided
for hereunder shall be in writing or by facsimile and addressed, delivered or
transmitted to the appropriate party at the address or facsimile number of such
party specified in SCHEDULE III hereto or at such other address or facsimile
number as may be designated by such party in a notice to the other party. Any
notice or other communication, if mailed and properly addressed with postage
prepaid or if properly addressed and sent by pre-paid courier service, shall be
deemed given when received; any such notice or other communication, if
transmitted by facsimile, shall be deemed given when transmitted and
electronically confirmed. Notices to the Holders and the Lenders and the Issuer
may be made in care of the Trustee and the Administrative Agent, respectively,
in accordance with the first sentence of this Section.

         SECTION 9.12. HEADINGS. The various headings of this Agreement are
inserted for convenience only and shall not affect the meaning or interpretation
of this Agreement or any provisions thereof.

         SECTION 9.13. SEVERABILITY. Any provision of this Agreement which is
prohibited or unenforceable in any jurisdiction shall, as to such provision and
such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions of this Agreement
or affecting the validity or enforceability of such provision in any other
jurisdiction.

         SECTION 9.14. FOREIGN PLEDGE AGREEMENTS. Without limiting any of the
rights, remedies, privileges or benefits provided hereunder to the Collateral
Agent for its benefit and the ratable benefit of the other Secured Parties, the
Borrower and the Collateral Agent hereby agree that the terms and provisions of
this Agreement in respect of any Collateral subject to the pledge or other Lien
of a Foreign Pledge Agreement are, and shall be deemed to be, supplemental and
in addition to the rights, remedies, privileges and benefits provided to the
Collateral Agent and the other Secured Parties under such Foreign Pledge
Agreement and under applicable law to the extent consistent with applicable law;
PROVIDED, that, in the event that the terms of this Agreement conflict or are
inconsistent with the applicable Foreign Pledge Agreement or applicable law
governing such Foreign Pledge Agreement, (i) to the extent that the provisions
of such Foreign Pledge Agreement or applicable foreign law are, under applicable
foreign law, necessary for the creation, perfection or priority of the security
interests in the Collateral subject to such Foreign Pledge Agreement, the terms
of such Foreign Pledge Agreement or such applicable law shall be controlling and
(ii) otherwise, the terms hereof shall be controlling.

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<PAGE>

         SECTION 9.15. EXECUTION IN COUNTERPARTS, EFFECTIVENESS, ETC. This
Agreement may be executed by the parties hereto in several counterparts, each of
which shall constitute together but one and the same agreement. This Agreement
shall become effective when counterparts hereof executed on behalf of the
Borrower, the Administrative Agent and the Trustee (or notice thereof
satisfactory to the Collateral Agent) shall have been received by the Collateral
Agent.

         SECTION 9.16. GOVERNING LAW, ENTIRE AGREEMENT, ETC. THIS AGREEMENT
SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE LAWS OF THE
STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE
GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), EXCEPT TO THE EXTENT THAT THE
VALIDITY OR PERFECTION OF THE SECURITY INTEREST HEREUNDER, OR REMEDIES
HEREUNDER, IN RESPECT OF ANY PARTICULAR COLLATERAL ARE GOVERNED BY THE LAWS OF A
JURISDICTION OTHER THAN THE STATE OF NEW YORK. The Collateral Documents
constitute the entire understanding among the parties hereto with respect to the
subject matter thereof and supersede any prior agreements, written or oral, with
respect thereto.

         SECTION 9.17. FORUM SELECTION AND CONSENT TO JURISDICTION. ANY
LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS
AGREEMENT OR ANY OTHER COLLATERAL DOCUMENT, OR ANY COURSE OF CONDUCT, COURSE OF
DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF THE BORROWER, THE
COLLATERAL AGENT, THE ADMINISTRATIVE AGENT, THE TRUSTEE OR ANY OTHER SECURED
PARTY SHALL BE BROUGHT AND MAINTAINED IN THE COURTS OF THE STATE OF NEW YORK OR
IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK
LOCATED IN NEW YORK COUNTY, NEW YORK. EACH OF THE BORROWER, THE COLLATERAL
AGENT, THE ADMINISTRATIVE AGENT AND THE TRUSTEE AND, BY ACCEPTING THIS AGREEMENT
AND THE BENEFITS HEREOF, EACH OTHER SECURED PARTY FURTHER IRREVOCABLY CONSENTS
TO THE SERVICE OF PROCESS BY REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL
SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK AT THE ADDRESS FOR NOTICES
SPECIFIED IN SECTION 9.11. EACH OF THE BORROWER, THE COLLATERAL AGENT, THE
ADMINISTRATIVE AGENT AND THE TRUSTEE AND, BY ACCEPTING THIS AGREEMENT AND THE
BENEFITS HEREOF, EACH OTHER SECURED PARTY HEREBY EXPRESSLY AND IRREVOCABLY
SUBMITS TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND OF THE
UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK LOCATED IN
NEW YORK COUNTY, NEW YORK AND EACH APPLICABLE APPELLATE COURT. EACH OF THE
BORROWER, THE COLLATERAL AGENT, THE ADMINISTRATIVE AGENT AND THE TRUSTEE AND, BY
ACCEPTING THIS AGREEMENT AND THE BENEFITS HEREOF, EACH OTHER SECURED PARTY
HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW,
ANY OBJECTION WHICH IT MAY HAVE OR HEREAFTER MAY HAVE TO THE LAYING OF VENUE OF
ANY SUCH LITIGATION BROUGHT

                                       29

<PAGE>

IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS
BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT THE BORROWER, THE
COLLATERAL AGENT, THE ADMINISTRATIVE AGENT, THE TRUSTEE OR ANY OTHER SECURED
PARTY HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT
OR FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR
TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF
OR ITS PROPERTY, EACH OF THE BORROWER, THE COLLATERAL AGENT, THE ADMINISTRATIVE
AGENT AND THE TRUSTEE AND, BY ACCEPTING THIS AGREEMENT AND THE BENEFITS HEREOF,
SUCH SECURED PARTY HEREBY IRREVOCABLY WAIVES SUCH IMMUNITY IN RESPECT OF ITS
OBLIGATIONS UNDER THIS AGREEMENT.

         SECTION 9.18.   WAIVER OF JURY TRIAL.  EACH OF THE BORROWER,  THE
COLLATERAL AGENT, THE ADMINISTRATIVE AGENT AND THE TRUSTEE AND, BY ACCEPTING
THIS AGREEMENT AND THE BENEFITS HEREOF, EACH OTHER SECURED PARTY HEREBY
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHTS IT MAY HAVE TO A
TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF,
UNDER, OR IN CONNECTION WITH, THIS AGREEMENT OR ANY OTHER COLLATERAL DOCUMENT OR
ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN)
OR ACTIONS OF THE BORROWER, THE COLLATERAL AGENT, THE ADMINISTRATIVE AGENT, THE
TRUSTEE OR ANY OTHER SECURED PARTY AND EACH SUCH PERSON ACKNOWLEDGES AND AGREES
THAT IT HAS RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR THIS PROVISION AND
THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE SECURED PARTIES ENTERING
INTO THE SECURED DOCUMENTS, THE LENDERS AND THE ISSUER MAKING CREDIT EXTENSIONS
AND THE HOLDERS ACQUIRING THE SENIOR NOTES.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       30

<PAGE>

         IN WITNESS WHEREOF, each of the parties hereto has caused this
Agreement to be duly executed and delivered by its Authorized Officer as of the
date first above written.

                                 ROADWAY CORPORATION

                                 By: /s/ Joseph R. Boni III
                                     -------------------------------------
                                     Name: Joseph R. Boni III
                                     Title: Treasurer

                                 CREDIT SUISSE FIRST BOSTON, as
                                     Collateral Agent and as Administrative
                                     Agent

                                 By: /s/ Julia P. Kingsbury
                                     --------------------------------------
                                     Name: Julia P. Kingsbury
                                     Title: Vice President

                                 By: /s/ Mark E. Gleason
                                     --------------------------------------
                                     Name: Mark E. Gleason
                                     Title: Director

                                 SUNTRUST BANK, as Trustee

                                 By: /s/ Walter L. Duke, Jr.
                                     ---------------------------------------
                                     Name: Walter L. Duke, Jr.
                                     Title: Group Vice President

                                       31

<PAGE>

                                                                      SCHEDULE I
                        to Borrower Pledge, Security and Intercreditor Agreement

                              PLEDGED SUBSIDIARIES
                              --------------------

Item A.  Corporations

<TABLE>
<CAPTION>
                                                          Capital Stock
Issuer                       Authorized Shares       Outstanding Shares    % of Shares Pledged
<S>                        <C>                       <C>                   <C>
Roadway Express,
Inc.                                1000                      100             100%

Arnold Industries, Inc.             100                       100             100%

</TABLE>

Item B. Limited Liability Companies whose Limited Liability Company Interests

(1)  Are Evidenced by Certificate Securities

<TABLE>
<S>                           <C>                              <C>
                               Type of Limited Liability         % of Limited Liability Company
Issuer                             Company Interests                    Interests Pledged
None.
</TABLE>

(2)  Are Not Evidenced by Certificate Securities

<TABLE>
<S>                           <C>                              <C>

                               Type of Limited Liability         % of Limited Liability Company
Issuer                             Company Interests                    Interests Pledged
None.
</TABLE>

<PAGE>

Item C.  Partnerships whose Partnership Interests

(1)  Are Evidenced by Certificate Securities

<TABLE>
<S>                           <C>                              <C>
Issuer                       Type of Partnership Interests    % of Partnership Interests Pledged
None.
</TABLE>

(2)  Are Not Evidenced by Certificate Securities
<TABLE>
<S>                           <C>                              <C>

Issuer                       Type of Partnership Interests      % of Partnership Interests Pledged
None.
</TABLE>

Item D.  OTHER SUBSIDIARIES

Reimer Express Lines Ltd.

New Penn Motor Express, Inc.

Arnold Transportation Services, Inc.

<PAGE>

                                                                     SCHEDULE II
                        to Borrower Pledge, Security and Intercreditor Agreement

Item A.  Trade Names:  N/A

Item B.  Merger or Other Corporate Reorganization:  N/A

Item C.  Federal Taxpayer Identification Number:  34-1956254

<PAGE>

                                                                    SCHEDULE III

                               NOTICE INFORMATION
                               ------------------

BORROWER

Address:      Roadway Corporation
              1077 Gorge Boulevard
              P.O. Box 471
              Akron, Ohio 44309

Facsimile No: 303-258-6082

Attention:    Treasurer

COLLATERAL AGENT

Address:     Credit Suisse First Boston
             11 Madison Avenue
             New York, New York 10010

Facsimile No: 212-325-8615

Attention:   Mark Gleason

ADMINISTRATIVE AGENT

Address:     Credit Suisse First Boston
             11 Madison Avenue
             New York, New York 10010

Facsimile No: 212-325-8615

Attention:   Mark Gleason

<PAGE>

TRUSTEE

Address:       SunTrust Bank
               424 Church Street, 6(th) Floor
               Nashville, Tennessee 37219

Facsimile No:  615-748-5331

Attention:     Corporate Trust Department

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00032-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00032-of-00352.parquet"}]]