Document:

Exhibit
4.10(a)

 

EXECUTION VERSION

 

$400,000,000

 

 

CREDIT AGREEMENT

 

 

Dated as of June 13, 2007

 

 

among

 

 

AMC ENTERTAINMENT HOLDINGS, INC.

as Borrower

 

 

and

 

 

THE LENDERS PARTY HERETO

 

 

and

 

 

JPMORGAN CHASE BANK, N.A.

as Administrative Agent

 

 

* * *

 

 

J.P. MORGAN SECURITIES INC.

as  Sole  Book Manager and
Sole Lead Arranger

 

 

TABLE
OF CONTENTS

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  ARTICLE I

  	
  DEFINITIONS,
  INTERPRETATION AND ACCOUNTING TERMS

  	
  1

  
	
   

  	
   

  	
   

  
	
  Section 1.1

  	
  Defined Terms

  	
  1

  
	
  Section 1.2

  	
  Computation of Time Periods

  	
  28

  
	
  Section 1.3

  	
  Accounting Terms and Principles

  	
  28

  
	
  Section 1.4

  	
  Conversion of Foreign Currencies

  	
  28

  
	
  Section 1.5

  	
  Certain Terms

  	
  28

  
	
   

  	
   

  	
   

  
	
  ARTICLE II

  	
  THE
  FACILITY

  	
  29

  
	
   

  	
   

  	
   

  
	
  Section 2.1

  	
  The Commitments

  	
  29

  
	
  Section 2.2

  	
  Borrowing Procedures

  	
  30

  
	
  Section 2.3

  	
  [Reserved]

  	
  31

  
	
  Section 2.4

  	
  [Reserved]

  	
  31

  
	
  Section 2.5

  	
  [Reserved]

  	
  31

  
	
  Section 2.6

  	
  Repayment of Loans

  	
  31

  
	
  Section 2.7

  	
  Evidence of Debt

  	
  31

  
	
  Section 2.8

  	
  Optional Prepayments

  	
  32

  
	
  Section 2.9

  	
  Mandatory Prepayments

  	
  33

  
	
  Section 2.10

  	
  Interest

  	
  33

  
	
  Section 2.11

  	
  Conversion Option

  	
  34

  
	
  Section 2.12

  	
  Fees

  	
  35

  
	
  Section 2.13

  	
  Payments and Computations

  	
  35

  
	
  Section 2.14

  	
  Special Provisions Governing
  Eurodollar Rate Loans

  	
  37

  
	
  Section 2.15

  	
  Capital Adequacy

  	
  39

  
	
  Section 2.16

  	
  Taxes

  	
  40

  
	
  Section 2.17

  	
  Substitution of Lenders

  	
  42

  
	
   

  	
   

  	
   

  
	
  ARTICLE III

  	
  CONDITIONS
  TO LOANS

  	
  44

  
	
   

  	
   

  	
   

  
	
  Section 3.1

  	
  Conditions Precedent to Loans

  	
  44

  
	
  Section 3.2

  	
  [Reserved]

  	
  46

  
	
  Section 3.3

  	
  Determinations of Initial
  Borrowing Conditions

  	
  46

  
	
   

  	
   

  	
   

  
	
  ARTICLE IV

  	
  REPRESENTATIONS
  AND WARRANTIES

  	
  46

  
	
   

  	
   

  	
   

  
	
  Section 4.1

  	
  Corporate Existence; Compliance
  with Law

  	
  46

  
	
  Section 4.2

  	
  Corporate Power; Authorization;
  Enforceable Obligations

  	
  46

  
	
  Section 4.3

  	
  Subsidiaries; Borrower Information

  	
  47

  
	
  Section 4.4

  	
  Financial Statements

  	
  48

  
	
  Section 4.5

  	
  Material Adverse Change

  	
  48

  
	
  Section 4.6

  	
  Solvency

  	
  48

  
	
  Section 4.7

  	
  Litigation

  	
  49

  
	
  Section 4.8

  	
  Taxes

  	
  49

  
	
  Section 4.9

  	
  Full Disclosure

  	
  49

  
	
  Section 4.10

  	
  Margin Regulations

  	
  50

  
	
  Section 4.11

  	
  No Burdensome Restrictions; No
  Defaults

  	
  50

  
	
  Section 4.12

  	
  Investment Company Act

  	
  50

  
	
  Section 4.13

  	
  Use of Proceeds

  	
  50

  
				

 

i

 

TABLE
OF CONTENTS

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  Section 4.14

  	
  Insurance

  	
  51

  
	
  Section 4.15

  	
  Labor Matters

  	
  51

  
	
  Section 4.16

  	
  ERISA

  	
  51

  
	
  Section 4.17

  	
  Environmental Matters

  	
  51

  
	
  Section 4.18

  	
  Intellectual Property

  	
  52

  
	
  Section 4.19

  	
  Title; Real Property

  	
  53

  
	
  Section 4.20

  	
  Holding Company Status

  	
  53

  
	
   

  	
   

  	
   

  
	
  ARTICLE V

  	
  COVENANTS

  	
  54

  
	
   

  	
   

  	
   

  
	
  Section 5.1

  	
  Indebtedness

  	
  54

  
	
  Section 5.2

  	
  Liens, Etc.

  	
  57

  
	
  Section 5.3

  	
  [Reserved]

  	
  57

  
	
  Section 5.4

  	
  Merger, Consolidation or Sale of
  All or Substantially All Assets

  	
  57

  
	
  Section 5.5

  	
  Restricted Payments

  	
  58

  
	
  Section 5.6

  	
  [Reserved]

  	
  60

  
	
  Section 5.7

  	
  [Reserved]

  	
  60

  
	
  Section 5.8

  	
  Transactions with Affiliates

  	
  60

  
	
  Section 5.9

  	
  Reports and Other Information

  	
  61

  
	
  Section 5.10

  	
  Future Guarantors

  	
  62

  
	
  Section 5.11

  	
  Change of Control

  	
  63

  
	
  Section 5.12

  	
  Payment of Loans

  	
  64

  
	
  Section 5.13

  	
  Corporate Existence

  	
  64

  
	
  Section 5.14

  	
  Payment of Taxes and Other Claims

  	
  64

  
	
  Section 5.15

  	
  Maintenance of Properties

  	
  65

  
	
  Section 5.16

  	
  Compliance Certificate

  	
  65

  
	
  Section 5.17

  	
  Cash-Pay Election on Marquee Notes

  	
  65

  
	
  Section 5.18

  	
  Qualified Equity Issuance

  	
  65

  
	
   

  	
   

  	
   

  
	
  ARTICLE VI

  	
  EVENTS
  OF DEFAULT

  	
  66

  
	
   

  	
   

  	
   

  
	
  Section 6.1

  	
  Events of Default

  	
  66

  
	
  Section 6.2

  	
  Remedies

  	
  68

  
	
  Section 6.3

  	
  [Reserved]

  	
  68

  
	
  Section 6.4

  	
  Rescission

  	
  68

  
	
  Section 6.5

  	
  Waiver of Past Defaults

  	
  69

  
	
  Section 6.6

  	
  Control By Majority

  	
  69

  
	
  Section 6.7

  	
  Limitation on Suits

  	
  70

  
	
  Section 6.8

  	
  Rights of Lender to Receive
  Payment

  	
  70

  
	
   

  	
   

  	
   

  
	
  ARTICLE VII

  	
  THE
  ADMINISTRATIVE AGENT

  	
  71

  
	
   

  	
   

  	
   

  
	
  Section 7.1

  	
  Authorization and Action

  	
  71

  
	
  Section 7.2

  	
  The Administrative Agent’s
  Reliance, Etc.

  	
  71

  
	
  Section 7.3

  	
  Posting of Approved Electronic
  Communications

  	
  72

  
	
  Section 7.4

  	
  The Administrative Agent
  Individually

  	
  73

  
	
  Section 7.5

  	
  Lender Credit Decision

  	
  73

  
	
  Section 7.6

  	
  Indemnification

  	
  74

  
				

 

ii

 

TABLE
OF CONTENTS

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  Section 7.7

  	
  Successor Agents

  	
  74

  
	
   

  	
   

  	
   

  
	
  ARTICLE VIII

  	
  MISCELLANEOUS

  	
  75

  
	
   

  	
   

  	
   

  
	
  Section 8.1

  	
  Amendments, Waivers, Etc.

  	
  75

  
	
  Section 8.2

  	
  Assignments and Participations

  	
  78

  
	
  Section 8.3

  	
  Costs and Expenses

  	
  81

  
	
  Section 8.4

  	
  Indemnities

  	
  82

  
	
  Section 8.5

  	
  Limitation of Liability

  	
  84

  
	
  Section 8.6

  	
  Right of Set-off

  	
  85

  
	
  Section 8.7

  	
  Sharing of Payments, Etc.

  	
  85

  
	
  Section 8.8

  	
  Notices, Etc.

  	
  86

  
	
  Section 8.9

  	
  No Waiver; Remedies

  	
  88

  
	
  Section 8.10

  	
  Binding Effect

  	
  88

  
	
  Section 8.11

  	
  Governing Law

  	
  88

  
	
  Section 8.12

  	
  Submission to Jurisdiction;
  Service of Process

  	
  88

  
	
  Section 8.13

  	
  Waiver of Jury Trial

  	
  89

  
	
  Section 8.14

  	
  Marshaling; Payments Set Aside

  	
  89

  
	
  Section 8.15

  	
  Section Titles

  	
  89

  
	
  Section 8.16

  	
  Execution in Counterparts

  	
  89

  
	
  Section 8.17

  	
  Entire Agreement

  	
  90

  
	
  Section 8.18

  	
  Confidentiality

  	
  90

  
	
  Section 8.19

  	
  Patriot Act Notice

  	
  90

  
				

 

iii

 

CREDIT AGREEMENT, dated as of June 13, 2007, among AMC ENTERTAINMENT
HOLDINGS, INC., a Delaware corporation (the “Borrower”),
the Lenders, and JPMORGAN CHASE BANK, N.A. (“JPMorgan”),  as agent for the Lenders (together with
any successor administrative agent appointed pursuant hereto, in such capacity,
the “Administrative Agent”).

 

W I T N E S S E T H:

 

WHEREAS, the Borrower has requested
that the Lenders make available for the purposes specified in this Agreement a
term loan facility; and

 

WHEREAS, the Lenders are willing to
make available to the Borrower such term loan facility upon the terms and
subject to the conditions set forth herein;

 

NOW, THEREFORE, in consideration of
the premises and the covenants and agreements contained herein, the parties
hereto hereby agree as follows:

 

ARTICLE I

 

DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS

 

Section 1.1                                   Defined Terms

 

As used in this Agreement, the
following terms have the following meanings (such meanings to be equally
applicable to both the singular and plural forms of the terms defined):

 

“Acquired Indebtedness”
of any particular Person means Indebtedness of any other Person existing at the
time such other Person merged with or into or became a Subsidiary of such
particular Person or assumed by such particular Person in connection with the
acquisition of assets from any other Person, and not incurred by such other
Person in connection with, or in contemplation of, such other Person merging
with or into such particular Person or becoming a Subsidiary of such particular
Person or such acquisition.

 

“Administrative
Agent”  has the meaning
specified in the preamble to this Agreement.

 

“Affected
Lender” has the meaning specified in Section 2.17 (Substitution of Lenders).

 

“Affiliate”
means, with respect to any specified Person:

 

(1)                                  any other Person directly or indirectly controlling or
controlled by or under direct or indirect common control with such specified
Person; or

 

(2)                                  any other Person that owns, directly or indirectly, 10% or
more of such Person’s Capital Stock or any officer or director of any such
Person or other Person or with

 

 

respect to any natural Person, any
person having a relationship with such Person by blood, marriage or adoption
not more remote than first cousin.

 

For the purposes of this definition,
“control” when used with respect to any specified Person means the power to
direct the management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise;
and the terms “controlling” and “controlled” have meanings correlative to the
foregoing.

 

“Agent
Affiliate” has the meaning specified in Section 7.3 (Posting of Approved Electronic Communications).

 

“Agreement”  means this Credit Agreement.

 

“Alternative
Currency” means any lawful currency other than Dollars that is
freely transferable into Dollars.

 

“AMC” means AMC
Entertainment Inc., a Delaware corporation, and any successor thereto.

 

“AMC Credit Agreement”
means that certain credit agreement, dated as January 26, 2006, among AMC,
Grupo Cinemex and Cadena Mexicana de Exhibicion, S.A. de C.V., as borrowers,
the lenders and issuers party thereto, Citicorp North America, Inc., as
administrative agent, Banco Nacional de Mexico, S.A., Integrante Del Grupo
Financiero Banamex, as Mexican facility agent, JPMorgan Chase Bank, N.A., as
syndication agent, and Credit Suisse Securities (USA) LLC, Bank of America,
N.A. and General Electric Capital Corporation, as co-documentation agents, and
any related notes, collateral documents, letters of credit, guarantees and
other documents, and any appendices, exhibits or schedules to any of the
foregoing, as any or all of such agreements may be amended, restated, modified
or supplemented from time to time, together with any extensions, revisions,
increases, refinancings, renewals, refundings, restructurings or replacements
thereof.

 

“Apollo” means (1)
Apollo Management IV, L.P., a Delaware limited partnership, in its capacity as
investment manager to the Apollo IV Holders, (2) Apollo Management V, L.P., a
Delaware limited partnership, in its capacity as investment manager to the
Apollo V Holders, and (3) their Affiliates.

 

“Apollo Group”
means (1) Apollo, (2) the Apollo Holders, and (3) any Affiliate of Apollo
(including the Apollo Holders).

 

“Apollo Holders”
means (i) Apollo Investment Fund IV, L.P., a Delaware limited partnership (“AIF IV”), and Apollo Overseas Partners IV, L.P., a Cayman
Islands exempted limited partnership (“AOP IV”
(collectively with AIF IV, the “Apollo IV Holders”))
and any other partnership or entity affiliated with and managed by Apollo to
which either AIF IV or AOP IV assigns any of their respective interests in or
to the

 

2

 

preferred stock; and (ii) Apollo
Investment Fund V, L.P., a Delaware limited partnership (“AIF V”)
and Apollo Overseas Partners V, L.P., a Cayman Islands exempted limited
partnership (“AOP V”) (collectively with AIF V,
the “Apollo V Holders”)) and any other
partnership or entity affiliated with and managed by Apollo to which either AIF
V or AOP V assigns any of their respective interests in or to the preferred
stock.

 

“Applicable
Margin” means with respect to Loans maintained as (i) Eurodollar
Rate Loans, a rate equal to 5.00% per annum and (ii) Base Rate Loans, a rate
equal to 4.00% per annum.

 

“Approved
Electronic Communications” means each notice, demand, communication,
information, document and other material that the Borrower is obligated to, or
otherwise chooses to, provide to the Administrative Agent pursuant to any Loan
Document or the transactions contemplated therein, including any Financial
Statement, financial and other report, notice, request, certificate and other
information material.

 

“Approved
Electronic Platform” has the meaning specified in Section 7.3 (Posting of Approved Electronic
Communications).

 

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

 

“Arranger”
means J.P. Morgan Securities Inc., in its capacity as sole book manager and
sole lead arranger.

 

“Assignment
and Acceptance” means an assignment and acceptance entered into by a
Lender and an Eligible Assignee, and accepted by the Administrative Agent, in
substantially the form of Exhibit A
(Form of Assignment and Acceptance).

 

“Bain
Capital Group” means (i) Bain Capital Holdings (Loews) I, L.P., (ii)
Bain Capital AIV (Loews) II, L.P. and (iii) any Affiliates of Bain Capital
Holdings (Loews) I, L.P. and Bain Capital AIV (Loews) II, L.P.

 

“Bankruptcy Laws”
means the bankruptcy laws of the United States and the law of any other
jurisdiction relating to bankruptcy, insolvency, winding up, liquidation, reorganization
or relief of debtors.

 

“Bankruptcy Order”
means any court order made in a proceeding pursuant to or within the meaning of
any Bankruptcy Law, containing an adjudication of bankruptcy or insolvency, or
providing for liquidation, winding up, dissolution or reorganization, or
appointing a Custodian of a debtor or of all or any substantial part of a
debtor’s property, or providing for the staying, arrangement, adjustment or
composition of indebtedness or other relief of a debtor.

 

3

 

“Base
Rate” means, for any period, a fluctuating interest rate per annum
as shall be in effect from time to time, which rate per annum shall be equal at
all times to the higher of the following:

 

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

 

(b)                                 0.5% per annum plus the
Federal Funds Rate.

 

“Base
Rate Loan” means any Loan during any period in which it bears
interest based on the Base Rate.

 

“Board
of Directors” means the Board of Directors of the Borrower or any
committee of such Board of Directors duly authorized to act under the Loan
Agreement.

 

“Board Resolution”
means a copy of a resolution, certified by the Secretary of the Borrower to have
been duly adopted by the Board of Directors and to be in full force and effect
on the date of such certification, and delivered to the Administrative Agent.

 

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

 

“Borrowing”
means a borrowing consisting of Loans made on the same day by the Lenders
ratably according to their respective Commitments.

 

“Business Day”
means a day other than a Saturday, Sunday or other day on which banking
institutions are authorized or required by law to close in New York City.

 

“Capital Stock”
of any Person means any and all shares, interests, participations or other
equivalents (however designated) of such Person’s capital stock, including
preferred stock, any rights (other than debt securities convertible into
capital stock), warrants or options to acquire such capital stock, whether now
outstanding or issued after the date of the Loan Agreement.

 

“Capitalized Lease
Obligation” of any Person means any obligations of such Person and
its Subsidiaries on a consolidated basis under any capital lease or financing
lease of a real or personal property which, in accordance with GAAP, has been
recorded as a capitalized lease obligation (together with Indebtedness in the
form of operating leases entered into by the Borrower or its Subsidiaries after
May 21, 1998 and required to be reflected on a consolidated balance sheet
pursuant to EITF 97-10 or any subsequent pronouncement having similar effect).

 

“Carlyle
Group” means (i) TC Group, L.L.C., (ii) Carlyle Partners III Loews,
L.P., (iii) CP II Coinvestment, L.P. and (iv) any Affiliates of TC Group,
L.L.C., Carlyle Partners III Loews, L.P. and CP II Coinvestment, L.P.

 

“Change
of Control” means the occurrence of any of the following:

 

4

 

(a) any “person”
or “group” as such terms are used in Section 13(d) and 14(d) of the Exchange
Act other than one or more Permitted Holders is or becomes the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that
such person or group shall be deemed to have “beneficial ownership” of all
shares that any such person or group has the right to acquire, whether such
rights is exercisable immediately or only after the passage of time), directly
or indirectly, by way of merger, consolidation or other business combination or
purchase of 50% or more of the total voting power of the Voting Stock of the
Borrower;

 

(b)                                 the adoption of a plan relating to the liquidation or
dissolution of the Borrower;

 

(c)                                  the sale, lease, transfer or other conveyance, in one or a
series of related transactions, of all or substantially all of the assets of
the Borrower and its Subsidiaries, taken as a whole, to any Person other than
one or more Permitted Holders; or

 

(d)                                 a change of control under the Senior Discount Note Indenture
as in effect on the Closing Date.

 

“Change
of Control Offer” has the meaning specified in Section 5.11(c).

 

“Change
of Control Payment Date” has the meaning specified in Section 5.11(c).

 

“Closing
Date” means the date on which the Loans are initially made.

 

“Code”
means the U.S. Internal Revenue Code of 1986, as amended.

 

“Co-Investors”
means Weston Presidio Capital IV, L.P., WPC Entrepreneur Fund II, L.P., SSB
Capital Partners (Master Fund) I, L.P., Caisse de Depot et Placement du Quebec,
Co-Investment Partners, L.P., CSFB Strategic Partners Holdings II, L.P., CSFB
Strategic Partners Parallel Holdings II, L.P., CSFB Credit Opportunities Fund
(Employee), L.P., CSFB Credit Opportunities Fund (Helios), L.P., Credit Suisse
Anlagestiftung, Pearl Holding Limited, Partners Group Private Equity
Performance Holding Limited, Vega Invest (Guernsey) Limited, Alpinvest Partners
CS Investments 2003 C.V., Alpinvest Partners Later Stage Co-Investments
Custodian II B.V., Alpinvest Partners Later Stage Co-Investments Custodian IIA
B.V. and Screen Investors 2004, LLC and their respective Affiliates.

 

“Commission”
means the U.S. Securities and Exchange Commission.

 

“Commitment”
means, with respect to any Lender, the commitment of such Lender to make Loans
to the Borrower in the aggregate principal amount outstanding not to exceed the
amount set forth opposite such Lender’s name on Schedule I  (Commitments) as
amended to reflect each Assignment and Acceptance executed by such Lender and
as such 

 

5

 

amount may be reduced pursuant to
this Agreement, and “Commitments”  means the aggregate Commitments of all
Lenders.

 

“Consolidated EBITDA”
means, with respect to any Person for any period, the Consolidated Net Income
(Loss) of such Person for such period increased (to the extent deducted in
determining Consolidated Net Income (Loss)) by the sum of:

 

(a)                                  all income taxes of such Person and its Subsidiaries paid or
accrued in accordance with GAAP for such period (other than income taxes
attributable to extraordinary, unusual or non-recurring gains or losses);

 

(b)                                 Consolidated Interest Expense of such Person and its
Subsidiaries for such period;

 

(c)                                  depreciation expense of such Person and its Subsidiaries for
such period;

 

(d)                                 amortization expense of such Person and its Subsidiaries for
such period including amortization of capitalized debt issuance costs; and

 

(e)                                  any other non-cash charges of such Person and its
Subsidiaries for such period (including non-cash expenses recognized in
accordance with Financial Accounting Standard Number 106), all determined on a
consolidated basis in accordance with GAAP;

 

provided, however,
that, for purposes of this definition, all transactions involving the acquisition
of any Person or motion picture theatre by another Person shall be accounted
for on a “pooling of interests” basis and not as a purchase; provided, further, that, solely with
respect to calculations of the Consolidated EBITDA Ratio:

 

(i)                                     Consolidated EBITDA shall include the effects of incremental
contributions the Borrower reasonably believes in good faith could have been
achieved during the relevant period as a result of a Theatre Completion had
such Theatre Completion occurred as of the beginning of the relevant period; provided, however,
that such incremental contributions were identified and quantified in good
faith in an Officers’ Certificate delivered to the Administrative Agent at the
time of any calculation of the Consolidated EBITDA Ratio;

 

(ii)                                  Consolidated EBITDA shall be calculated on a pro forma basis
after giving effect to any motion picture theatre or screen that was
permanently or indefinitely closed for business at any time on or subsequent to
the first day of such period as if such theatre or screen was closed for the
entire period; and

 

6

 

 

(iii)                               All preopening expense and theatre closure expense which
reduced/(increased) Consolidated Net Income (Loss) during any applicable period
shall be added to Consolidated EBITDA.

 

“Consolidated EBITDA Ratio”
of any Person means, for any period, the ratio of Consolidated EBITDA to
Consolidated Interest Expense for such period (other than any non-cash
Consolidated Interest Expense attributable to any amortization or write-off of
deferred financing costs); provided that,
in making such computation:

 

(a)                                  the Consolidated Interest Expense attributable to interest
on any Indebtedness computed on a pro forma basis and bearing a floating
interest rate shall be computed as if the rate in effect on the date of
computation had been the applicable rate for the entire period; and

 

(b)                                 with respect to any Indebtedness which bears, at the option
of such Person, a fixed or floating rate of interest, such Person shall apply,
at its option, either the fixed or floating rate.

 

“Consolidated
Interest Expense” of any Person means, without duplication, for any
period, as applied to any Person:

 

(a)                                  the sum of:

 

(i)                                     the aggregate of the interest expense on Indebtedness of
such Person and its consolidated Subsidiaries for such period, on a
consolidated basis, including, without limitation:

 

(A)                              amortization of debt discount;

 

(B)                                the net cost under Interest Rate Protection Agreements
(including amortization of discounts);

 

(C)                                the interest portion of any deferred payment obligation; and

 

(D)                               accrued interest; plus

 

(ii)                                  the interest component of the Capital Lease Obligations
paid, accrued and/or scheduled to be paid or accrued by such Person and its
consolidated Subsidiaries during such period, minus

 

(b)                                 the cash interest income (exclusive of deferred financing
fees) of such Person and its consolidated Subsidiaries during such period, in
each case as determined in accordance with GAAP consistently applied.

 

“Consolidated Net Income
(Loss)” of any Person means, for any period, the consolidated net
income (or loss) of such Person and its consolidated Subsidiaries for such

 

7

 

period as determined in accordance
with GAAP, adjusted, to the extent included in calculating such net income
(loss), by excluding all extraordinary gains or losses (net of reasonable fees
and expenses relating to the transaction giving rise thereto) of such Person
and its Subsidiaries.

 

“Constituent
Documents” means, with respect to any Person, (a) the articles of
incorporation, certificate of incorporation, constitution or certificate of
formation (or the equivalent organizational documents) of such Person, (b) the
by-laws or operating agreement (or the equivalent governing documents) of such
Person and (c) any document setting forth the manner of election or duties of
the directors or managing members of such Person (if any) and the designation,
amount or relative rights, limitations and preferences of any class or series
of such Person’s Capital Stock.

 

“Construction Indebtedness”
means Indebtedness incurred by the Borrower or its Subsidiaries in connection
with the construction of motion picture theatres or screens.

 

“Contaminant”
means any material, substance or waste that is classified or regulated under
any Environmental Law as hazardous, toxic, a contaminant or a pollutant or by
other words of similar meaning, including any petroleum or petroleum-derived
substance or waste, asbestos and polychlorinated biphenyls.

 

“Contractual
Obligation” of any Person means any obligation, agreement,
undertaking or similar provision of any Security issued by such Person or of
any agreement, undertaking, contract, lease, indenture, mortgage, deed of trust
or other instrument (excluding a Loan Document) to which such Person is a party
or by which it or any of its property is bound.

 

“Covenant Suspension Event”
has the meaning specified in Article V (Negative
Covenants).

 

“Cumulative
Credit” means the sum of (without duplication):

 

(a)                                  (x) Consolidated EBITDA for the Restricted Payments
Computation Period (calculated to exclude the impact of any gain or equity in
earnings on the sale, redemption or other disposition of the NCM Assets during
such Restricted Payments Computation Period), minus (y) 2.0 times Consolidated
Interest Expense for the Restricted Payments Computation Period;

 

(b)                                 the aggregate net proceeds, including the Fair Market Value
of property other than cash (as determined by the Board of Directors, whose
determination shall be conclusive, except that for any property whose Fair
Market Value exceeds $10.0 million such Fair Market Value shall be confirmed by
an independent appraisal obtained by the Borrower), received after the Closing
Date by the Borrower from the issuance or sale (other than to any of its
Subsidiaries) of shares of Capital Stock of the Borrower (other

 

8

 

than
Redeemable Capital Stock) or warrants, options or rights to purchase such
shares of Capital Stock;

 

(c)                                  the aggregate net proceeds, including the Fair Market Value
of property other than cash (as determined by the Board of Directors, whose
determination shall be conclusive, except that for any property whose Fair
Market Value exceeds $10.0 million such Fair Market Value shall be confirmed by
an independent appraisal obtained by the Borrower), received after the Closing
Date by the Borrower from debt securities that have been converted into or
exchanged for Capital Stock of the Borrower (other than Redeemable Capital
Stock) to the extent such debt securities were originally sold for such net
proceeds plus the aggregate cash received by the Borrower at the time of such
conversion; and

 

(d)                                 $15.0 million.

 

“Currency Hedging
Obligations” means the obligations of any Person pursuant to an
arrangement designed to protect such Person against fluctuations in currency
exchange rates.

 

“Custodian”
means any receiver, interim receiver, receiver and manager, trustee, assignee,
liquidator, sequestrate or similar official under any Bankruptcy Law or any
other person with like powers.

 

“Default”
means any event which is, or after notice or the passage of time or both, would
be, an Event of Default.

 

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

 

“Dollar
Equivalent” of any amount means, at the time of determination
thereof, (a) if such amount is expressed in Dollars, such amount, (b) if such
amount is expressed in any other Alternative Currency, the equivalent of such
amount in Dollars determined by using the rate of exchange quoted by JPMorgan
in New York, New York at 11:00 a.m. (New York time) on the date of
determination (or, if such date is not a Business Day, the last Business Day
prior thereto) to prime banks in New York for the spot purchase in the New York
foreign exchange market of such amount of Dollars with such Alternative
Currency and (c) if such amount is denominated in any other currency, the
equivalent of such amount in Dollars as determined by the Administrative Agent
using any method of determination it deems appropriate.

 

“Domestic
Person” means any “United States
person” under and as defined in Section 770l(a)(30) of the Code.

 

“Eligible
Assignee” means (a) a Lender or an Affiliate or Approved Fund of any
Lender, (b) a commercial bank having total assets whose Dollar Equivalent
exceeds

 

9

 

$5,000,000,000, (c) a finance
company, insurance company or any other financial institution or Fund, in each
case reasonably acceptable to the Administrative Agent and regularly engaged in
making, purchasing or investing in loans or (d) a savings and loan association
or savings bank organized under the laws of the United States or any State
thereof having a net worth, determined in accordance with GAAP, whose Dollar
Equivalent exceeds $250,000,000; provided,
however, that the Persons
designated by the Borrower in writing to the Administrative Agent on or prior
to the Closing Date shall not be deemed an “Eligible
Assignee.”

 

“Environmental
Laws” means all applicable Requirements of Law now or hereafter in
effect and as amended or supplemented from time to time, relating to pollution
or the protection of human health, the environment or natural resources or the
release of any materials into the environment, including those related to
hazardous substances or wastes, air emissions and discharges to waste or public
systems, including the Comprehensive Environmental Response, Compensation, and
Liability Act of 1980, as amended (42 U.S.C. § 9601 et seq.);  the
Hazardous Material Transportation Act, as amended (49 U.S.C. § 5101 et seq.);
the Federal Insecticide, Fungicide, and Rodenticide Act, as amended
(7 U.S.C. § 136 et seq.); the
Resource Conservation and Recovery Act, as amended (42 U.S.C. § 6901 et seq.);
the Toxic Substance Control Act, as amended (15 U.S.C. § 2601 et seq.);
the Clean Air Act, as amended (42 U.S.C. § 7401 et seq.);
the Federal Water Pollution Control Act, as amended (33 U.S.C. §
1251 et seq.);  the Occupational Safety and Health Act,
as amended (29 U.S.C. § 651 et seq.);  the Safe Drinking Water Act, as amended
(42 U.S.C. § 300f et seq.);  and each of their state and local
counterparts or equivalents and any transfer of ownership notification or
approval statute, including the Industrial Site Recovery Act (N.J. Stat. Ann. §
13:1K-6 et seq.).

 

“Environmental
Liabilities and Costs” means, with respect to any Person, all
liabilities, obligations, responsibilities, Remedial Actions, losses, damages
(but excluding any punitive, consequential or treble damages), costs and
expenses (including all fees, disbursements and expenses of counsel, experts
and consultants and costs of investigation and feasibility studies), fines and
penalties, whether contingent or otherwise, arising under any Environmental
Law, Permit, order or agreement with any Governmental Authority or other
Person, in each case relating to any environmental, health or safety condition
or to any Release or threatened Release and resulting from the past, present or
future operations of, or ownership of property by, such Person or any of its
Subsidiaries or exposure to any Contaminant.

 

“Environmental
Lien” means any Lien in favor of any Governmental Authority for
Environmental Liabilities and Costs.

 

“ERISA”
means the United States Employee Retirement Income Security Act of 1974.

 

“ERISA
Affiliate” means any trade or business (whether or not incorporated)
under common control or treated as a single employer with the Borrower or any
of its Subsidiaries within the meaning of Section 414(b), (c), (m) or (o) of
the Code.

 

10

 

“ERISA
Event” means (a) a reportable event described in Section 4043(c)(1),
(2), (3), (5), (6), (8) or (9) of ERISA with respect to a Title IV Plan, other
than events for which the thirty (30) day notice period has been waived, (b) the
withdrawal of the Borrower or any of its Subsidiaries or any ERISA Affiliate
from a Title IV Plan subject to Section 4063 of ERISA during a plan year in
which it was a substantial employer, as defined in Section 4001(a)(2) of ERISA,
(c) the complete or partial withdrawal of the Borrower or any of its
Subsidiaries or any ERISA Affiliate from any Multiemployer Plan, (d) notice of
reorganization or insolvency of a Multiemployer Plan, (e) the filing of a
notice of intent to terminate a Title IV Plan or the treatment of a plan
amendment as a termination under Section 4041 of ERISA, (f) the institution of
proceedings to terminate a Title IV Plan or Multiemployer Plan by the PBGC, (g)
the failure to make any required contribution to a Title IV Plan or
Multiemployer Plan, (h) the imposition of a lien under Section 412 of the Code
or Section 302 of ERISA on the Borrower or any of its Subsidiaries or any ERISA
Affiliate or (i) any other event or condition that might reasonably be expected
to constitute grounds under Section 4042 of ERISA for the termination of, or
the appointment of a trustee to administer, any Title IV Plan or Multiemployer
Plan or the imposition of any liability under Title IV of ERISA, other than for
PBGC premiums due but not delinquent under Section 4007 of ERISA.

 

“Eurocurrency
Liabilities” has the meaning assigned to that term in Regulation D
of the Federal Reserve Board.

 

“Eurodollar Base Rate”
means, with respect to any Interest Period, the rate per annum equal to the
British Bankers Association LIBOR Rate (“BBA LIBOR”), as
published by Reuters (or other commercially available source providing
quotations of BBA LIBOR as designated by the Administrative Agent from time to
time) at approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period, for Dollar deposits (for delivery on the
first day of such Interest Period) with a three-month term; provided, that if such rate is not available at such time
for any reason, then the “Eurodollar Base Rate” for such Interest Period shall
be the rate per annum determined by the Administrative Agent to be the rate at
which deposits in Dollars for delivery on the first day of such Interest Period
in same day funds in the approximate amount of the outstanding Loans, continued
or converted by JPMorgan and with a three-month term would be offered by
JPMorgan’s London Branch to major banks in the London interbank eurodollar
market at their request at approximately 11:00 a.m. (London time) two Business
Days prior to the commencement of such Interest Period.

 

“Eurodollar
Rate” means, with respect to any Interest Period for any Eurodollar
Rate Loan, an interest rate per annum equal to the rate per annum obtained by
dividing (a) the Eurodollar Base Rate by (b)(i) a percentage equal to 100% minus (ii) the reserve percentage
applicable two Business Days before the first day of such Interest Period under
regulations issued from time to time by the Federal Reserve Board for
determining the maximum reserve requirement (including any emergency,
supplemental or other marginal reserve requirement) for a member bank of the
Federal Reserve System in New York City with respect to liabilities or assets
consisting of or including Eurocurrency Liabilities (or

 

11

 

with respect to any other category
of liabilities that includes deposits by reference to which the Eurodollar Rate
is determined) having a term equal to such Interest Period.

 

“Eurodollar
Rate Loan” means any Loan that, for an Interest Period, bears
interest based on the Eurodollar Rate.

 

“Event
of Default”  has the
meaning specified in Section 6.1 (Events of
Default).

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“Facility”
means the Commitments and the provisions herein related to the Loans.

 

“Fair
Market Value” means, with respect to any asset or property, the sale
value that would be obtained in an arm’s-length transaction between an informed
and willing seller under no compulsion to sell and an informed and willing
buyer under no compulsion to buy.

 

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

 

“Federal
Reserve Board” means the Board of Governors of the United States
Federal Reserve System, or any successor thereto.

 

“Fee
Letter” means the Fee Letter, dated June 4, 2007, addressed to the
Borrower from the Arranger and JPMorgan, and accepted by the Borrower on June 4,
2007, with respect to certain fees to be paid from time to time to the Arranger
and JPMorgan.

 

“Financial
Statements” means the financial statements of the Borrower and its
Subsidiaries delivered in accordance with Section
5.9 (Reports and Other Information).

 

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

 

“GAAP”
means generally accepted accounting principles in the United States,
consistently applied.

 

“Governmental
Authority” means any nation, sovereign or government, any state or
other political subdivision thereof and any entity or authority exercising
executive, legislative, judicial, regulatory or administrative functions of or
pertaining to government, including any central bank or stock exchange.

 

12

 

“Grupo Cinemex”
means Grupo Cinemex, S.A. de C.V., a corporation organized under the laws of
the United Mexican States, and its Subsidiaries.

 

“Guarantee” means, with respect to
any Person, any obligation, contingent or otherwise, of such Person directly or
indirectly guaranteeing any Indebtedness or other obligation of any other
Person and, without limiting the generality of the foregoing, any obligation,
direct or indirect, contingent or otherwise, of such Person:

 

(a)                                  to purchase or pay (or advance or supply funds for the
purchase or payment of) such Indebtedness or other obligation of such other
Person (whether arising by virtue of partnership arrangements, or by agreements
to keep-well, to purchase assets, goods, securities or services, to
take-or-pay, or to maintain financial statement conditions or otherwise); or

 

(b)                                 entered into for purposes of assuring in any other manner
the obligee of such Indebtedness or other obligation of the payment thereof or
to protect such obligee against loss in respect thereof (in whole or in part);

 

provided that the term “Guarantee” shall not include endorsements
for collection or deposit in the ordinary course of business.  The term “Guarantee” used as a verb has a
corresponding meaning.

 

“Guaranteed Indebtedness”
of any Person means, without duplication, all Indebtedness of any other Person
referred to in the definition of Indebtedness and all dividends of other
Persons for the payment of which, in either case, such Person is directly or
indirectly responsible or liable as obligor, guarantor or otherwise.

 

“Hedging Obligations”
of any Person means any Currency Hedging Obligation entered into solely to
protect the Borrower or any of its Subsidiaries from fluctuations in currency
exchange rates and not to speculate on such fluctuations and any obligations of
such Person pursuant to any Permitted Interest Rate Protection Agreement.

 

“HSBC”
means HSBC Bank USA, National Association.

 

“Incur”
means, with respect to any Indebtedness or other obligation of any Person, to
create, issue, incur (by merger, conversion, exchange or otherwise), extend,
assume, Guarantee or become liable in respect of such Indebtedness or other
obligation or the recording, as required pursuant to GAAP or otherwise, of any
such Indebtedness or obligation on the balance sheet of such Person (and “Incurrence” and “Incurred” shall have meanings correlative
to the foregoing); provided, however,
that a change in GAAP that results in an obligation (including, without
limitation, preferred stock, temporary equity, mezzanine equity or similar
classification) of such Person that exists at such time, and is not theretofore
classified as Indebtedness, becoming Indebtedness shall not be deemed an
Incurrence of such Indebtedness; provided
further, however, that any Indebtedness or other obligations of a
Person existing at the time such Person becomes a Subsidiary (whether by
merger, consolidation, acquisition or otherwise) shall be deemed to

 

13

 

be Incurred by such Subsidiary at
the time it becomes a Subsidiary; and provided
further, however, that solely for purposes of determining compliance
with Section 5.1 (“Indebtedness”), accrual of
interest, the accretion of accreted value, the payment of interest in the form
of additional Indebtedness with the same terms, the payment of dividends on
Preferred Stock in the form of additional shares of Preferred Stock of the same
class, accretion of original issue discount or liquidation preference and
increases in the amount of Indebtedness outstanding solely as a result of
fluctuations in the exchange rate of currencies will not be deemed to be an
Incurrence of Indebtedness for purposes of this covenant, provided that in the
case of Indebtedness sold at a discount, the amount of such Indebtedness
Incurred shall at all times be the aggregate principal amount at Stated
Maturity.

 

“Indebtedness”
means, with respect to any Person, without duplication:

 

(a)                                  all indebtedness of such Person for borrowed money or for
the deferred purchase price of property or services, excluding any trade
payables and other accrued current liabilities Incurred in the ordinary course
of business, but including, without limitation, all obligations of such Person
in connection with any letters of credit and acceptances issued under letter of
credit facilities, acceptance facilities or other similar facilities, now or
hereafter outstanding;

 

(b)                                 all obligations of such Person evidenced by bonds, notes,
debentures or other similar instruments;

 

(c)                                  all indebtedness created or arising under any conditional
sale or other title retention agreement with respect to property acquired by
such Person (even if the rights and remedies of the seller or lender under such
agreement in the event of default are limited to repossession or sale of such
property), but excluding trade accounts payable arising in the ordinary course
of business;

 

(d)                                 every obligation of such Person issued or contracted for as
payment in consideration of the purchase by such Person or a Subsidiary of such
Person of the Capital Stock or substantially all of the assets of another
Person or in consideration for the merger or consolidation with respect to
which such Person or a Subsidiary of such Person was a party;

 

(e)                                  all indebtedness referred to in clauses (1) through (4) above
of other Persons and all dividends of other Persons, the payment of which is
secured by (or for which the holder of such indebtedness has an existing right,
contingent or otherwise, to be secured by) any Lien upon or in property
(including, without limitation, accounts and contract rights) owned by such
Person, even though such Person has not assumed or become liable for the
payment of such indebtedness;

 

14

 

(f)                                    all Guaranteed Indebtedness of such Person;

 

(g)                                 all obligations under Interest Rate Protection Agreements of
such Person;

 

(h)                                 all Currency Hedging Obligations of such Person;

 

(i)                                     all Capital Lease Obligations of such Person; and

 

(j)                                     any amendment, supplement, modification, deferral, renewal,
extension or refunding of any liability of the types referred to in clauses (a)
through (i) above.

 

“Indemnified
Matter”  has the
meaning specified in Section 8.4
(Indemnities).

 

“Indemnitee”
has the meaning specified in Section 8.4
(Indemnities).

 

“Indenture”
means the Senior Discount Note Indenture and other indentures, agreements or
similar documents evidencing senior or subordinated notes or other debt
securities of the Borrower or any of its Subsidiaries.

 

“Interest Period”
means (a) in the case of the first Interest Period applicable to the Loans, the
period commencing on and including the Closing Date and ending on the day
immediately preceding September 15, 2007 and (b) in the case of each subsequent
Interest Period, the period beginning on the next succeeding day of the last
day of the prior Interest Period and ending on the numerically corresponding
date in the third month thereafter; provided, however, that such Interest Period with respect to any Loans
shall in no case end on a date after the Maturity Date of such Loans.

 

“Interest Rate Protection
Agreements” means any interest rate protection agreement, interest
rate future agreement, interest rate option agreement, interest rate swap
agreement, interest rate cap agreement, interest rate collar agreement,
interest rate hedge agreement, option or future contract or other similar
agreement or arrangement designed to protect the Borrower or any of its
Subsidiaries against fluctuations in interest rates.

 

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

 

“IRS”
means the Internal Revenue Service of the United States or any successor
thereto.

 

“J.P.
Morgan Partners Group” means (i) J.P. Morgan Partners, LLC and (ii) any
Affiliates of J.P. Morgan Partners, LLC.

 

“JPMorgan” has
the meaning specified in the preamble to this Agreement.

 

15

 

“Land”
of any Person means all of those plots, pieces or parcels of land now owned,
leased or hereafter acquired or leased or purported to be owned, leased or
hereafter acquired or leased (including, in respect of the Borrower, as
reflected in the most recent Financial Statements) by such Person.

 

“Lender”
means any financial institution or other entity that (a) is listed on the
signature pages hereof as a “Lender”  or (b) from time to time becomes a party
hereto by execution of an Assignment and Acceptance.

 

“Lending
Office” means, with respect to any Lender, the office of such Lender
specified as its “Lending Office”
opposite its name on Schedule II  (Lending Offices and Addresses for Notices) or
on the Assignment and Acceptance by which it became a Lender or such other
office of such Lender as such Lender may from time to time specify to the
Borrower and the Administrative Agent.

 

“Lien”
means any mortgage, lien (statutory or other), pledge, security interest,
encumbrance, claim, hypothecation, assignment for security, deposit arrangement
or preference or other security agreement of any kind or nature
whatsoever.  A Person shall be deemed to
own subject to a Lien any property which it has acquired or holds subject to
the interest of a vendor or lessor under any conditional sale agreement,
capital lease or other title retention agreement relating to Indebtedness of
such Person.  The right of a distributor
to the return of its film held by a Person under a film licensing agreement is
not a Lien as used herein.  Reservation
of title under an operating lease by the lessor and the interest of the lessee
therein are not Liens as used herein.

 

“Loan”
has the meaning specified in Section 2.1(The Commitments).

 

“Loan
Documents” means, collectively, this Agreement, the Notes (if any),
the Fee Letter and each certificate, agreement or document executed by the
Borrower and delivered to the Administrative Agent or any Lender in connection
with or pursuant to any of the foregoing.

 

“Marquee” means
Marquee Holdings, Inc., a Delaware corporation.

 

“Material
Adverse Change” means any change, effect, event, circumstance or
development, in the aggregate, together with all other changes, effects,
events, circumstances or developments, that is or is reasonably likely to have
a material adverse effect on the business or financial condition of the
Borrower and its Subsidiaries, taken as a whole, other than any change, effect,
event, circumstance or development resulting from (i) general political,
economic or financial market conditions or (ii) conditions affecting the
Borrower’s industry.

 

“Material
Adverse Effect” means a material adverse effect on the business or
financial condition of the Borrower and its Subsidiaries taken as a whole,
other than any effect resulting from (i) general political, economic or
financial market conditions or (ii) conditions affecting the Borrower’s
industry.

 

16

 

 

“Maturity
Date” means the fifth anniversary of the Closing Date.

 

“Mexican Credit Agreements”
means that certain loan agreement and that certain revolving loan agreement,
each dated as of August 16, 2004, among Cadena Mexicana de Exhibicion, S.A. de
C.V. as borrower, Grupo Cinemex and the Subsidiaries listed therein, as
guarantors, Scotiabank Inverlat, S.A., Institucion de Banca Multiple, Grupo
Financiero Scotiabank Inverlat, as syndication agent, and Banco Inbursa, S.A., Institucion
de Banca Multiple, Grupo Financiero Inbursa, as administrative agent,
documentation agent, collateral agent, bookrunner and lead arranger, and the
banks listed therein, including any related notes, guarantees, collateral
documents, instruments and agreements executed in connection therewith, and in
each case as amended, restated, supplemented, modified, renewed, increased,
refunded, replaced or refinanced from time to time in one or more agreements or
indentures (in each case with the same or new lenders or institutional investors),
including any agreement or agreements extending the maturity thereof or
otherwise restructuring all or any portion of the Indebtedness thereunder or
increasing the amount loaned or issued thereunder or altering the maturity
thereof.

 

“Moody’s”
means Moody’s Investors Service, Inc. or any successor to the rating agency
business thereof.

 

“Multiemployer
Plan” means a multiemployer plan, as defined in Section 400l(a)(3) of
ERISA, to which the Borrower or any of its Subsidiaries or any ERISA Affiliate
has, or within the five (5) plan years preceding the date of this Agreement has
had, any obligation to contribute.

 

“NCM Assets”
means the common membership units of National CineMedia, LLC held by the
Borrower or any of its Subsidiaries as of the Closing Date and any shares of
National CineMedia, Inc. received upon any redemption of such National
CineMedia, LLC common membership units.

 

“Non-Consenting
Lender” has the meaning specified in Section 8.1(e) (Amendments, Waivers, Etc.).

 

“Non-Funding
Lender” has the meaning specified in Section 2.2 (Borrowing Procedures).

 

“Non-Recourse Indebtedness”
means Indebtedness as to which:

 

(a)                                  none of the Borrower or any of its Subsidiaries:

 

(i)                                     provides credit support (including any undertaking,
agreement or instrument which would constitute Indebtedness); or

 

(ii)                                  is directly or indirectly liable; and

 

(b)                                 no default with respect to such Indebtedness (including any
rights which the holders thereof may have to take enforcement action against
the

 

17

 

relevant
Unrestricted Subsidiary or its assets) would permit (upon notice, lapse of time
or both) any holder of any other Indebtedness of the Borrower or its
Subsidiaries (other than Non-Recourse Indebtedness) to declare a default on
such other Indebtedness or cause the payment thereof to be accelerated or
payable prior to its stated maturity.

 

“Non-U.S.
Lender” means each Lender (or the Administrative Agent) that is a
Non-U.S. Person.

 

“Non-U.S.
Person” means any Person that is not a Domestic Person.

 

“Note”
means a promissory note of the Borrower payable to the order of any Lender in a
principal amount equal to the amount of the Loan owing to such Lender.

 

“Notice
of Borrowing” has the meaning specified in Section 2.2 (Borrowing Procedures).

 

“Notice
of Conversion” has the meaning specified in Section 2.11
(Conversion Option).

 

“Obligations”
means any principal (including reimbursement obligations and guarantees),
premium, if any, interest (including interest accruing on or after the filing
of, or which would have accrued but for the filing of, any petition in
bankruptcy or for reorganization relating to the Borrower whether or not a
claim for post-filing interest is allowed in such proceedings), penalties,
fees, expenses, indemnifications, reimbursements, claims for rescission,
damages, gross-up payments and other liabilities payable by the Borrower under
this Agreement and the other Loan Documents with respect to the Loans or
otherwise.

 

“Officers” means
the Chairman of the Board, any Co-Chairman of the Board, President, the Chief
Executive Officer, any Executive Vice President, any Senior Vice President and
the Chief Financial Officer of the Borrower.

 

“Officers’ Certificate”
means a certificate signed by two Officers.

 

“Other Taxes” has the meaning specified
in Section 2.16(b) (Taxes).

 

“Patriot
Act” means the USA Patriot Act of 2001 (31 U.S.C. 5318 et seq.).

 

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

 

“Permit”
means any permit, approval, authorization, license, variance or permission
required from a Governmental Authority under an applicable Requirement of Law.

 

“Permitted Holders”
means:

 

18

 

(a)                                  any member of the Apollo Group;

 

(b)                                 any member of the J.P. Morgan Partners Group;

 

(c)                                  any member of the Bain Capital Group;

 

(d)                                 any member of the Carlyle Group;

 

(e)                                  any member of the Spectrum Group;

 

(f)                                    any “Co-Investor”; provided that
to the extent any Co-Investor acquires securities of the Borrower in excess of
the amount of such securities held by such Co-Investor on the Closing Date,
such excess securities shall not be deemed to be held by a Permitted Holder;
and

 

(g)                                 any Subsidiary, any employee stock purchase plan, stock
option plan or other stock incentive plan or program, retirement plan or
automatic reinvestment plan or any substantially similar plan of the Borrower
or any Subsidiary or any Person holding securities of the Borrower for or
pursuant to the terms of any such employee benefit plan; provided
that if any lender or other Person shall foreclose on or otherwise realize upon
or exercise any remedy with respect to any security interest in or Lien on any
securities of the Borrower held by any Person listed in this clause (g), then such securities shall no longer be deemed
to be held by a Permitted Holder.

 

“Permitted Interest Rate
Protection Agreements” means, with respect to any Person, Interest
Rate Protection Agreements entered into in the ordinary course of business by
such Person that are designed to protect such Person against fluctuations in
interest rates with respect to Permitted Indebtedness and that have a notional
amount no greater than the payment due with respect to Permitted Indebtedness
hedged thereby.

 

“Permitted Liens”
means, with respect to any Person:

 

(a)                                  Liens on the property and assets of the Borrower securing
Indebtedness permitted to be Incurred under the Loan Agreement (other than
Subordinated Obligations) in an aggregate principal amount not to exceed the
sum of (x) $425.0 million and (y) 10% of Total Tangible Assets;

 

(b)                                 pledges or deposits by such Person under workmen’s
compensation laws, unemployment insurance laws or similar legislation, or good
faith deposits in connection with bids, tenders, contracts (other than for the
payment of Indebtedness) or leases to which such Person is a party, or deposits
to secure public or statutory obligations of such Person or deposits of cash or
United States government bonds to secure surety or appeal bonds to which such Person
is a party, or deposits as security for contested taxes or

 

19

 

import or
customs duties or for the payment of rent, in each case Incurred in the
ordinary course of business;

 

(c)                                  Liens imposed by law, including carriers’, warehousemen’s
and mechanics’ Liens and other similar Liens, on the property of the Borrower,
in each case arising in the ordinary course of business and securing payment of
obligations that are not more than 60 days past due, or are being contested in
good faith by appropriate proceedings if a reserve or other appropriate
provisions, if any, as shall be required by GAAP shall have been made in
respect thereof;

 

(d)                                 Liens for taxes, assessments or other governmental charges
not yet subject to penalties for non-payment or which are being contested in
good faith by appropriate proceedings provided appropriate reserves required
pursuant to GAAP have been made in respect thereof;

 

(e)                                  Liens in favor of issuers of surety or performance bonds or
letters of credit or bankers’ acceptances issued pursuant to the request of and
for the account of such Person in the ordinary course of its business; provided, however,
that such letters of credit do not constitute Indebtedness;

 

(f)                                    encumbrances, ground leases, easements or reservations of,
or rights of others for, licenses, rights of way, sewers, electric lines,
telegraph and telephone lines and other similar purposes, or zoning, building
codes or other restrictions (including, without limitation, minor defects or
irregularities in title and similar encumbrances) as to the use of real
properties or liens incidental to the conduct of the business of such Person or
to the ownership of its properties which do not in the aggregate materially
adversely affect the value of said properties or materially impair their use in
the operation of the business of such Person;

 

(g)                                 Liens securing Hedging Obligations so long as the related
Indebtedness is, and is permitted to be under the Loan Agreement, secured by a
Lien on the same property securing such Hedging Obligation;

 

(h)                                 leases, licenses, subleases and sublicenses of assets
(including, without limitation, real property and intellectual property rights)
which do not materially interfere with the ordinary conduct of the business of
the Borrower;

 

(i)                                     judgment Liens not giving rise to an Event of Default so
long as such Lien is adequately bonded and any appropriate legal proceedings
which may have been duly initiated for the review of such judgment have not
been finally terminated or the period within which such proceedings may be
initiated has not expired;

 

20

 

(j)                                     Liens for the purpose of securing the payment of all or a
part of the purchase price of, or Capital Lease Obligations, purchase money
obligations or other payments Incurred to finance the acquisition, improvement
or construction of, assets or property acquired or constructed in the ordinary
course of business provided that:

 

(i)                                     the aggregate principal amount of Indebtedness secured by
such Liens is otherwise permitted to be Incurred under the Loan Agreement and
does not exceed the cost of the assets or property so acquired or constructed;
and

 

(ii)                                  such Liens are created within 180 days of construction or acquisition
of such assets or property and do not encumber any other assets or property of
the Borrower other than such assets or property and assets affixed or
appurtenant thereto;

 

(k)                                  Liens arising solely by virtue of any statutory or common
law provisions relating to banker’s Liens, rights of set-off or similar rights
and remedies as to deposit accounts or other funds maintained with a depositary
institution;

 

(l)                                     Liens arising from Uniform Commercial Code financing
statement filings regarding operating leases entered into by the Borrower in
the ordinary course of business;

 

(m)                               Liens existing on the Closing Date;

 

(n)                                 Liens on property at the time the Borrower acquired the
property, including any acquisition by means of a merger or consolidation with
or into the Borrower; provided, however,
that such Liens are not created, Incurred or assumed in connection with, or in
contemplation of, such acquisition; provided
further, however, that such Liens may not extend to any other
property owned by the Borrower;

 

(o)                                 Liens securing Indebtedness or other obligations of a
Subsidiary owing to the Borrower;

 

(p)                                 Liens securing the Loans;

 

(q)                                 Liens securing Indebtedness Incurred to refinance
Indebtedness that was previously so secured (other than Liens Incurred pursuant
to clauses (a), (t) or (u), provided
that any such Lien is limited to all or part of the same property or assets
(plus improvements, accessions, proceeds or dividends or distributions in
respect thereof) that secured (or, under the written arrangements under which
the original Lien arose, could secure) the Indebtedness being refinanced;

 

21

 

(r)                                    any interest or title of a lessor under any Capital Lease
Obligation or operating lease;

 

(s)                                  Liens relating to escrow agreements existing on the Closing
Date or future escrow arrangements securing Indebtedness Incurred in accordance
with the Loan Agreement;

 

(t)                                    Liens securing Construction Indebtedness not to exceed
$100.0 million; and

 

(u)                                 Liens securing letters of credit in an amount not to exceed
$25.0 million in the aggregate at any one time.

 

“Person”
any individual, corporation, partnership, limited liability company, joint
venture, association, joint stock company, trust, estate, unincorporated
organization or government or any agency or political subdivision thereof.

 

“PIK Payment”
has the meaning specified in Section 2.10(b)(i) (Interest
Payments).

 

“principal amount”
means, for any day on which a determination is made, (a) the principal amount
of Loans issued on the Closing Date, and (b) increases in the principal amount
of the outstanding Loans as a result of PIK Payments.

 

“Purchasing
Lender” has the meaning specified in Section 8.7 (Sharing of Payments, Etc.).

 

‘Qualified Equity Issuance”
means any public offering, sale or issuance of common stock of the Borrower
pursuant to an effective registration statement under the Securities Act, the
aggregate Qualified Equity Issuance Net Proceeds of which received by the
Borrower after the Closing Date exceed $25.0 million, other than offerings with
respect to public offerings of common stock of the Borrower registered on Form S-4
or Form S-8.

 

“Qualified Equity Issuance
Net Proceeds” means the aggregate cash proceeds received by the
Borrower in respect of any Qualified Equity Issuance, net of the direct costs
relating to such Qualified Equity Issuance (including legal, accounting and
investment banking fees, and brokerage and sale commissions), and any taxes
paid or payable as a result thereof.

 

“Qualified Equity Issuance
Offer” has the meaning specified in Section 5.18(b).

 

“Qualified Equity Issuance
Payment Date” has the meaning specified in Section 5.18(b)(iii).

 

“Ratable
Portion” or (other than in the expression “equally and ratably”)  “ratably”  means, with respect to any Lender, the
percentage obtained by dividing (a) the Commitment of such Lender by (b) the
aggregate Commitments of all Lenders (or, at any

 

22

 

time after the Closing Date, the
percentage obtained by dividing the principal amount of such Lender’s Loans by
the aggregate Loans of all Lenders).

 

“Rating
Agency” means (1) each of Moody’s and S&P and (2) if Moody’s or
S&P ceases to rate the Loans for reasons outside of the Borrower’s control,
a “nationally recognized statistical rating organization” within the meaning of
Rule 15cs-1(c)(2)(vi)(F) under the Exchange Act selected by the Borrower or any
direct or indirect parent of the Borrower as a replacement agency for Moody’s
or S&P, as the case may be.

 

“Real
Property” of any Person means the Land of such Person, together with
the right, title and interest of such Person, if any, in and to the streets,
the Land lying in the bed of any streets, roads or avenues, opened or proposed,
in front of, the air space and development rights pertaining to the Land and
the right to use such air space and development rights, all rights of way,
privileges, liberties, tenements, hereditaments and appurtenances belonging or
in any way appertaining thereto, all fixtures, all easements now or hereafter
benefiting the Land and all royalties and rights appertaining to the use and
enjoyment of the Land, including all alley, vault, drainage, mineral, water,
oil and gas rights, together with all of the buildings and other improvements now
or hereafter erected on the Land and any fixtures appurtenant thereto.

 

“Redeemable Capital Stock”
means any Capital Stock that, either by its terms, by the terms of any security
into which it is convertible or exchangeable or otherwise, is or upon the
happening of an event or passage of time would be required to be redeemed prior
to the final Stated Maturity of the Loans or is mandatorily redeemable at the
option of the holder thereof at any time prior to such final Stated Maturity
(except for any such Capital Stock that would be required to be redeemed or is
redeemable at the option of the holder if the issuer thereof may redeem such
Capital Stock for consideration consisting solely of Capital Stock that is not
Redeemable Capital Stock), or is convertible into or exchangeable for debt
securities at any time prior to such final Stated Maturity at the option of the
holder thereof.

 

“Register”
has the meaning specified in Section 2.7(b) (Evidence
of Debt).

 

“Release”
means any release, spill, emission, leaking, pumping, injection, deposit,
disposal, discharge, dispersal, leaching or migration, in each case, of any
Contaminant into the indoor or outdoor environment or into or out of any
property, including the movement of Contaminants through or in the air, soil,
surface water, ground water or property.

 

“Remedial
Action” means all actions required pursuant to Environmental Law to (a)
clean up, remove, treat or in any other way remediate any Contaminant in the
indoor or outdoor environment, (b) reasonably prevent the Release or reasonably
minimize the further Release so that a Contaminant does not migrate or endanger
or threaten to endanger public health or welfare or the indoor or outdoor
environment or (c) perform pre-remedial studies and investigations and post-remedial
monitoring and care.

 

23

 

“Requirement
of Law” means, with respect to any Person, the common law and all
federal, state, local and foreign laws, treaties, rules and regulations,
orders, judgments, decrees and other determinations of, concessions, grants,
franchises, licenses and other Contractual Obligations with, any Governmental
Authority or arbitrator, applicable to or binding upon such Person or any of
its property or to which such Person or any of its property is subject.

 

“Requisite
Lenders” means, collectively, (a) on and prior to the Closing Date,
Lenders having more than fifty percent (50%) of the aggregate outstanding
amount of the Commitments and (b) after the Closing Date, Lenders having more
than fifty percent (50%) of the principal amount of all Loans then
outstanding.  A Non-Funding Lender shall
not be included in the calculation of “Requisite
Lenders.”

 

“Restricted
Payment” has the meaning specified in Section 5.5
(Restricted Payments).

 

“Restricted Payments
Computation Period” means the period (taken as one accounting
period) from the beginning of the first fiscal quarter commencing after the
Closing Date, to the last day of the Borrower’s fiscal quarter preceding the
date of the applicable proposed Restricted Payment.

 

“Reversion Date”
has the meaning specified in Article V (Negative
Covenants).

 

“S&P”
means Standard & Poor’s Ratings Group or any successor to the rating agency
business thereof.

 

“Security”
means any Capital Stock, Stock Equivalent, voting trust certificate, bond,
debenture, note or other evidence of Indebtedness, whether secured, unsecured,
convertible or subordinated, or any certificate of interest, share or
participation in, any temporary or interim certificate for the purchase or
acquisition of, or any right to subscribe to, purchase or acquire, any of the
foregoing, but shall not include any evidence of the Obligations.

 

“Selling
Lender” has the meaning specified in Section 8.7 (Sharing of Payments, Etc.).

 

“Senior Discount Notes” means Marquee’s 12% Senior Discount
Notes due 2014 issued pursuant to the Senior Discount Note Indenture in the
aggregate principal amount at maturity of $304,000,000 and any additional notes issued pursuant to the Senior
Discount Note Indenture which have terms (other than interest rate, issuance
price, issuance date, series and title) which are the same as the Senior
Discount Note Indenture.

 

“Senior Discount Note Indenture” means the Indenture, dated
as of August 18, 2004, pursuant to which the Senior Discount Notes were issued,
between Marquee and HSBC, as trustee,
as amended, supplemented or otherwise modified and in effect from time to time.

 

24

 

“Significant Subsidiary”
means any Subsidiary that would be a “Significant Subsidiary” of the Borrower
within the meaning of Rule 1-02 under Regulation S-X promulgated by the
Commission.

 

“Solvent”
means, with respect to any Person as of any date of determination, that, as of
such date, (a) the value of the assets of such Person (both at fair value and
present fair saleable value) is greater than the total amount of liabilities
(including contingent and unliquidated liabilities) of such Person, (b) such
Person is able to pay all liabilities of such Person as such liabilities mature
and (c) such Person does not have unreasonably small capital.  In computing the amount of contingent or
unliquidated liabilities at any time, such liabilities shall be computed at the
amount that, in light of all the facts and circumstances existing at such time,
represents the amount that can reasonably be expected to become an actual or
matured liability.

 

“Special
Purpose Vehicle” means any special purpose funding vehicle
identified as such in writing by any Lender to the Administrative Agent.

 

“Spectrum Group”
means (i) Spectrum Equity Investors IV, L.P., (ii) Spectrum Equity Investors
Parallel IV, L.P., (iii) Spectrum IV Investment Managers’ Fund, L.P. and (iv) any
Affiliates of Spectrum Equity Investors IV, L.P., Spectrum Equity Investors
Parallel IV, L.P. and Spectrum IV Investment Managers’ Fund, L.P.

 

“Stated
Maturity” means, with respect to any Indebtedness, the date
specified in the documents governing such Indebtedness as the fixed date on
which the final payment of principal of such Indebtedness is due and payable,
including pursuant to any mandatory redemption provision (but excluding any
provision providing for the repurchase or repayment of such Indebtedness at the
option of the holder thereof upon the happening of any contingency beyond the
control of the issuer unless such contingency has occurred).

 

“Stock Equivalents”
means all securities convertible into or exchangeable for Capital Stock and all
warrants, options or other rights to purchase or subscribe for any Capital
Stock, whether or not presently convertible, exchangeable or exercisable.

 

“Subordinated Obligation”
means any Indebtedness of the Borrower (whether outstanding on the Closing Date
or thereafter Incurred) which is subordinate or junior in right of payment to
the Loans pursuant to a written agreement.

 

“Subsidiary”
of any person means:

 

(a)                                  any corporation of which more than 50% of the outstanding
shares of Capital Stock having ordinary voting power for the election of
directors is owned directly or indirectly by such Person; and

 

(b)                                 any partnership, limited liability company, association,
joint venture or other entity in which such Person, directly or indirectly, has
more than a

 

25

 

50% equity
interest, and, except as otherwise indicated herein, references to Subsidiaries
shall refer to Subsidiaries of the Borrower.

 

Notwithstanding the foregoing, for
purposes hereof, an Unrestricted Subsidiary shall not be deemed a Subsidiary of
the Borrower other than for purposes of the definition of “Unrestricted
Subsidiary” unless the Borrower shall have designated in writing to the
Administrative Agent an Unrestricted Subsidiary as a Subsidiary.  A designation of an Unrestricted Subsidiary
as a Subsidiary may not thereafter be rescinded.

 

“Substitute
Institution” has the meaning specified in Section 2.17 (Substitution of Lenders).

 

“Substitution
Notice” has the meaning specified in Section 2.17 (Substitution of Lenders).

 

“Supplemental Indenture”
means the Supplemental Indenture to the Senior Discount Note Indenture, dated
as of the date hereof, between Marquee and HSBC, as trustee,
as amended, supplemented or otherwise modified and in effect from time to time.

 

“Suspended Covenants”
has the meaning specified in Article V (Negative
Covenants).

 

“Surviving Entity”
has the meaning specified in Section 5.4(a) (Merger,
Consolidation or Sale of All or Substantially All Assets).

 

“Tax
Affiliate” means, with respect to any Person, (a) any Subsidiary of
such Person and (b) any Affiliate of such Person with which such Person files
or is required to file consolidated, combined or unitary tax returns.

 

“Tax
Return” has the meaning specified in Section 4.8(a) (Taxes).

 

“Taxes”
has the meaning specified in Section 2.16(a)
(Taxes).

 

“Title
IV Plan” means a pension plan, other than a Multiemployer Plan,
subject to Title IV of ERISA and that is sponsored or maintained by the
Borrower or any of its Subsidiaries or any ERISA Affiliate or to which the
Borrower or any of its Subsidiaries or any ERISA Affiliate has, or within the
five (5) plan years preceding the date of this Agreement has had, any
obligation to contribute.

 

“Theatre Completion”
means any motion picture theatre or screen which was first opened for business
by the Borrower or a Subsidiary during any applicable period.

 

“Total Tangible Assets”
means the total consolidated assets of the Borrower and its Subsidiaries, as
shown on the most recent balance sheet of the Borrower, less goodwill, patents,
trademarks and other intangible assets as determined in accordance with GAAP.

 

26

 

 

“Transactions”
means, collectively, (i) the execution, delivery and performance of the
Loan Documents and the incurrence of the Loans, (ii) the execution,
delivery and performance of the Supplemental Indenture, (iii) the payment
by AMC to Marquee, and the subsequent payment by Marquee to Holdings, of a cash
dividend in an amount not to exceed $275,000,000 (the “Special
Dividend”), (iv) the payment by the Borrower of a dividend or
other distribution to its equityholders in an amount not to exceed $675,000,000
(less the amounts referred to in clause (v) of this definition), with
proceeds of the Loans and the Special Dividend and (v) the payment of all
fees and expenses in connection with the foregoing.

 

“Unrestricted
Subsidiary” means a Subsidiary of the Borrower designated in writing
to the Administrative Agent:

 

(a)                                  whose properties and assets, to the extent they secure
Indebtedness, secure only Non-Recourse Indebtedness;

 

(b)                                 that has no Indebtedness other than Non-Recourse
Indebtedness; and

 

(c)                                  that has no Subsidiaries.

 

“U.S.
Lender” means each Lender (or the Administrative Agent) that is a
Domestic Person.

 

“Voting Stock”
of a Person means all classes of Capital Stock or other interests (including
partnership interests) of such Person then outstanding and normally entitled
(without regard to the occurrence of any contingency) to vote in the election
of directors, managers or trustees thereof.

 

“Weighted
Average Life to Maturity” means, as of any date, with respect to any
debt security, the quotient obtained by dividing (1) the sum of the
products of the number of years from such date to the dates of each successive
scheduled principal payment (including any sinking fund payment requirements)
of such debt security multiplied by the amount of such principal payment, by (2) the
sum of all such principal payments.

 

“Wholly
Owned Subsidiary” of any Person means a Subsidiary of such Person,
all of the Capital Stock (other than directors’ qualifying shares) or other
ownership interests of which shall at the time be owned by such Person or by
one or more Wholly Owned Subsidiaries of such Person or by such Person and one
or more Wholly Owned Subsidiaries of such Person.

 

“Withdrawal
Liability” means, with respect to the Borrower or any of its
Subsidiaries at any time, the aggregate liability incurred (whether or not
assessed) with respect to all Multiemployer Plans pursuant to Section 4201
of ERISA or for increases in contributions required to be made pursuant to Section 4243
of ERISA.

 

27

 

Section 1.2                                   Computation of Time Periods

 

In this Agreement, in the
computation of periods of time from a specified date to a later specified date,
the word “from”  means  “from and including”  and the words “to”  and “until”  each
mean “to but excluding”  and the word “through”  means
“to and including.”

 

Section 1.3                                   Accounting Terms and Principles

 

All accounting terms not
specifically defined herein shall be construed in conformity with GAAP and all
accounting determinations required to be made pursuant hereto shall, unless
expressly otherwise provided herein, be made in conformity with GAAP.

 

Section 1.4                                   Conversion of Foreign Currencies

 

(a)                                  Indebtedness.  Indebtedness
denominated in any currency other than Dollars shall be calculated using the
Dollar Equivalent thereof as of the date of the Financial Statements on which
such Indebtedness is reflected; provided, however, that for the purposes of determining compliance
with Section 5.1 (Indebtedness) hereof
with respect to the Incurrence of Indebtedness, such Indebtedness shall be
calculated in accordance with the provisions of Section 5.1
(Indebtedness).

 

(b)                                 Dollar Equivalents.  The Administrative
Agent shall determine the Dollar Equivalent of any amount as required hereby,
and a determination thereof by the Administrative Agent shall be conclusive
absent manifest error.  The
Administrative Agent may, but shall not be obligated to, rely on any
determination of the Dollar Equivalent of any amount made by the Borrower in
any document delivered to the Administrative Agent.  The Administrative Agent may determine or
redetermine the Dollar Equivalent of any amount on any date either in its own
discretion or upon the request of any Lender.

 

(c)                                  Rounding-Off.  The Administrative
Agent may set up appropriate rounding off mechanisms or otherwise round-off
amounts hereunder to the nearest higher or lower amount in whole Dollar or cent
to ensure amounts owing by any party hereunder or that otherwise need to be
calculated or converted hereunder are expressed in whole Dollars or in whole
cents, as may be necessary or appropriate.

 

Section 1.5                                   Certain Terms

 

(a)                                  The terms “herein,”
“hereof,” “hereto” and “hereunder” and similar terms refer to this Agreement as a
whole and not to any particular Article, Section, subsection or clause in, this
Agreement.

 

(b)                                 Unless otherwise expressly indicated herein, (i) references
in this Agreement to an Exhibit, Schedule, Article, Section, clause or
sub-clause refer to the appropriate Exhibit or Schedule to, or Article, Section,
clause or sub-clause in this 

 

28

 

Agreement
and (ii) the words “above”
and “below”, when following a
reference to a clause or a sub-clause of any Loan Document, refer to a clause
or sub-clause within, respectively, the same Section or clause.

 

(c)                                  Each agreement defined in this Article I shall include all appendices, exhibits and
schedules thereto.  Unless the prior
written consent of the Requisite Lenders is required hereunder for an
amendment, restatement, supplement or other modification to any such agreement
and such consent is not obtained, references in this Agreement to such
agreement shall be to such agreement as so amended, restated, supplemented or
modified.

 

(d)                                 References in this Agreement to any statute shall be to such
statute as amended or modified from time to time and to any successor
legislation thereto, in each case as in effect at the time any such reference
is operative.

 

(e)                                  The term “including”
when used in any Loan Document means “including
without limitation” except when used in the computation of time
periods.

 

(f)                                    The terms “Lender,”
and “Administrative Agent”
include, without limitation, their respective successors.

 

(g)                                 Upon the appointment of any successor Administrative Agent
pursuant to Section 7.7 (Successor Agent),
references to JPMorgan in Section 7.4 (The
Administrative Agent Individually) and in the definitions of Base
Rate, Dollar Equivalent and Eurodollar Base Rate shall be deemed to refer to
the financial institution then acting as the Administrative Agent or one of its
Affiliates if it so designates.

 

ARTICLE II

 

THE FACILITY

 

Section 2.1                                   The Commitments

 

On the terms and subject to the
conditions contained in this Agreement, each Lender severally agrees to make a
loan in Dollars (each a “Loan”)
to the Borrower on the Closing Date in an aggregate principal amount not to
exceed such Lender’s Commitment.  The
Loans shall be funded by each Lender to the Administrative Agent for the
account of the Borrower on the Closing Date as set forth in Section 2.2(b) below in an amount equal to 99.0%
of the stated principal amount of such Lender’s Loan.  Amounts of Loans repaid or prepaid may not be
reborrowed.

 

29

 

Section 2.2                                   Borrowing Procedures

 

(a)                                  The Borrowing shall be made on notice given by the Borrower
to the Administrative Agent not later than 1:00 p.m. (New York time) three
Business Days prior to the date of the proposed Borrowing.  The notice shall be in substantially the form
of Exhibit C (Form of Notice of Borrowing) (a “Notice of Borrowing”), specifying (A) the
date of such proposed Borrowing and (B) the aggregate amount of such
proposed Borrowing.

 

(b)                                 The Administrative Agent shall give to each Lender prompt
notice of the Administrative Agent’s receipt of the Notice of Borrowing with
respect to the proposed Borrowing and the applicable interest rate determined
pursuant to Section 2.14(a) (Determination of Interest Rate).  Each Lender shall, before 11:00 am. (New York
time) on the date of the proposed Borrowing, make available to the
Administrative Agent at its address referred to in Section 8.8 (Notices, Etc.),
in immediately available funds, such Lender’s Ratable Portion of such proposed
Borrowing.  Upon fulfillment (or due
waiver in accordance with Section 8.1
(Amendments, Waivers, Etc.))
on the Closing Date, of the applicable conditions set forth Section 3.1 (Conditions Precedent to Loans) and after
the Administrative Agent’s receipt of such funds, the Administrative Agent
shall make such funds available to the Borrower.

 

(c)                                  Unless the Administrative Agent shall have received notice
from a Lender prior to the date of the Borrowing that such Lender will not make
available to the Administrative Agent  such
Lender’s Ratable Portion of such Borrowing (or any portion thereof), the
Administrative Agent  may assume that such Lender
has made such Ratable Portion available to the Administrative Agent on the date
of such Borrowing in accordance with this Section 2.2
and the Administrative Agent  may,
in reliance upon such assumption, make available to the  Borrower
on such date a corresponding amount.  If
and to the extent that such Lender shall not have so made such Ratable Portion
available to the Administrative Agent, such Lender and the Borrower
severally agree to repay to the Administrative Agent forthwith on demand such
corresponding amount together with interest thereon, for each day from the date
such amount is made available to the Borrower until the date such amount is
repaid to the Administrative Agent, at (i) in the case of the Borrower,
the interest rate applicable at the time to the Loans comprising such Borrowing
and (ii) in the case of such Lender, the Federal Funds Rate  for
the first Business Day and thereafter at the interest rate applicable at the
time to the Loans comprising such Borrowing. 
If such Lender shall repay to the Administrative Agent such
corresponding amount, such corresponding amount so repaid shall constitute such
Lender’s Loan as part of such Borrowing for purposes of this Agreement.  If the Borrower shall repay to the
Administrative Agent such corresponding amount, such payment shall not relieve
such Lender of any obligation it may have hereunder to the Borrower.

 

(d)                                 The failure of any Lender to make on the date specified any
Loan or any payment required by it (such Lender being a “Non-Funding Lender”) shall not relieve any
other Lender of its obligations to make such Loan or payment on such date but
no such

 

30

 

other
Lender shall be responsible for the failure of any Non-Funding Lender to make a
Loan or payment required under this Agreement.

 

Section 2.3                                   [Reserved]

 

Section 2.4                                   [Reserved]

 

Section 2.5                                   [Reserved]

 

Section 2.6                                   Repayment of Loans

 

On the Maturity Date, the Borrower
shall repay the entire unpaid principal amount of the Loans (which, for the
avoidance of doubt, shall equal an aggregate principal amount at maturity of
$400,000,000, less any repayments of the principal amount thereof made prior to
the Maturity Date, plus any PIK Payment thereon that may be added to the
principal amount).

 

Section 2.7                                   Evidence of Debt

 

(a)                                  Each Lender shall maintain in accordance with its usual
practice an account or accounts evidencing Indebtedness of the Borrower to such
Lender resulting from each Loan of such Lender from time to time, including the
amounts of principal and interest payable and paid to such Lender from time to
time under this Agreement.

 

(b)                                 (i)                                     The Administrative Agent, acting as agent of the Borrower
solely for this purpose and for tax purposes, shall establish and maintain at
its address referred to in Section 8.8
(Notices, Etc.) a record of ownership (the “Register”) in which the Administrative
Agent agrees to register by book entry the Administrative Agent’s and each
Lender’s interest in each Loan, and in the right to receive any payments
hereunder and any assignment of any such interest or rights.  In addition, the Administrative Agent, acting
as agent of the Borrower solely for this purpose and for tax purposes, shall
establish and maintain accounts in the Register in accordance with its usual
practice in which it shall record (A) the names and addresses of the
Lenders, (B) the Commitments of each Lender from time to time, (C) the
amount of each Loan made and the Interest Period applicable thereto and (D) the
amount of any sum received by the Administrative Agent hereunder from the
Borrower, whether such sum constitutes principal or interest (and the type of
Loan to which it applies), fees, expenses or other amounts due under the Loan
Documents and each Lender’s share thereof, if applicable.

 

(ii)                                  Notwithstanding anything to the contrary contained in this
Agreement, the Loans (including the Notes evidencing such Loans) are registered
obligations and the right, title, and interest of the Lenders and their
assignees in and to such Loans shall be transferable only upon notation of such
transfer in the Register.  A Note shall
only evidence the Lender’s or a registered assignee’s right, title and interest
in and to the related Loan, and in no event is any such Note to be

 

31

 

considered
a bearer instrument or obligation.  This Section 2.7(b) and Section 8.2 shall be construed so
that the Loans are at all times maintained in “registered
form” within the meaning of Sections 163(f), 871(h)(2) and
881(c)(2) of the Code and any related regulations (or any successor
provisions of the Code or such regulations).

 

(c)                                  The entries made in the Register and in the accounts therein
maintained pursuant to clauses (a) and
(b) above shall, to the
extent permitted by applicable law, be prima
facie evidence of the existence and amounts of the obligations
recorded therein; provided, however, that the failure of any Lender or
the Administrative Agent to maintain such accounts or any error therein shall
not in any manner affect the obligations of the Borrower to repay the Loans
owing by it in accordance with their terms. 
In addition, the Borrower, the Administrative Agent, the Lenders shall
treat each Person whose name is recorded in the Register as a Lender for all
purposes of this Agreement.  Information
contained in the Register with respect to any Lender shall be available for
inspection by the Borrower, the Administrative Agent, such Lender at any
reasonable time and from time to time upon reasonable prior notice.

 

(d)                                 Notwithstanding any other provision of the Agreement, in the
event that any Lender requests that the Borrower execute and deliver a
promissory note or notes payable to such Lender in order to evidence the
Indebtedness owing to such Lender by the Borrower hereunder, the Borrower shall
promptly execute and deliver a Note or Notes to such Lender evidencing any
Loans, as the case may be, of such Lender, substantially in the form of Exhibit B (Form of Note).

 

Section 2.8                                   Optional Prepayments

 

(a)                                  The Borrower may, upon at least three Business Days’ prior
notice to the Administrative Agent stating the proposed date and aggregate
principal amount of the prepayment, prepay the outstanding principal amount of
the Loans at the prepayment prices specified below, in whole or in part,
together with accrued interest to the date of such prepayment on the principal
amount prepaid; provided, however, that if any prepayment of the
Loans are made by the Borrower other than on the last day of an Interest Period
for the Loans, the Borrower shall also pay any amounts owing pursuant to Section 2.14(e) (Breakage Costs).  Each partial prepayment of Loans shall be in
an aggregate amount not less than $1,000,000 or integral multiples of $500,000
in excess thereof.  Upon the giving of
such notice of prepayment, the principal amount of the Loans specified to be
prepaid shall become due and payable on the date specified for such prepayment
at the following prepayment prices (expressed as a percentage of principal
amount), plus accrued and unpaid interest, if any, pursuant to the terms below:

 

	
   

  	
  PERIOD

  	
   

  	
  PREPAYMENT
  PRICE

  	
   

  	
   

  
	
   

  	
  After
  the Closing Date but on or prior to the 12-month anniversary of the Closing
  Date

  	
   

  	
  100.000

  	
  %

  	
   

  
	
   

  	
  After
  the 12-month anniversary of the Closing Date but on or prior to the 24-month
  anniversary of the Closing Date

  	
   

  	
  102.000

  	
  %

  	
   

  
	
   

  	
  After
  the 24-month anniversary of the Closing Date but on or prior to the 36-month
  anniversary of the Closing Date

  	
   

  	
  101.000

  	
  %

  	
   

  
	
   

  	
  Thereafter

  	
   

  	
  100.000

  	
  %

  	
   

  

 

32

 

(b)                                 Notwithstanding anything to the contrary contained in this
Agreement, the Borrower may rescind any notice of prepayment under Section 2.8(a) if such prepayment would have
resulted from a refinancing of the Facility, which refinancing shall not be
consummated or shall otherwise be delayed.

 

(c)                                  No Borrower shall have the right to prepay the principal
amount of any Loan other than as provided in this Section 2.8.

 

Section 2.9                                   Mandatory Prepayments

 

(a)                                  Change of Control Offer.  On
the Change of Control Payment Date, if the Change of Control shall have
occurred, the Borrower will, to the extent lawful, prepay all Loans properly
tendered pursuant to the Change of Control Offer, at a prepayment price in cash
equal to (i) 100% of the principal amount thereof if such Change of
Control occurs on or prior to the 12-month anniversary of the Closing Date or (ii) 101%
of the principal amount thereof if such Change of Control occurs after the
12-month anniversary of the Closing Date, in each case plus accrued and unpaid
interest, if any, to the date of prepayment.

 

(b)                                 Qualified Equity Issuance Offer.  On
the Qualified Equity Issuance Payment Date, if the Qualified Equity Issuance
shall have occurred, the Borrower will, to the extent lawful, prepay the
maximum principal amount of Loans properly tendered that may be purchased out
of any Qualified Equity Issuance Net Proceeds at a prepayment price in cash
equal to 100% of the principal amount thereof plus accrued and unpaid interest,
if any, to the date of prepayment.  If
Lenders holding Loans with an aggregate principal amount in excess of the
amount the Borrower is required to prepay elect to have their Loans prepaid,
the principal amount of the Loans to be prepaid will be determined pro rata
based on the aggregate principal amount of such Loans.

 

Section 2.10                            Interest

 

(a)                                  Rate of Interest.

 

(i)                                     Subject only to Section 2.14
(Special Provisions Governing Eurodollar Rate Loans), all Loans
shall be Eurodollar Rate Loans.

 

(ii)                                  All Loans and the outstanding amount of all other
Obligations shall bear interest, in the case of Loans, on the unpaid principal
amount thereof from the date such Loans are made (or added to the principal
amount in the case of any PIK Payment) and, in the case of such other
Obligations, from the date such other Obligations are due and payable until, in
all cases, paid in full, as follows:

 

33

 

(A)                              if a Eurodollar Rate Loan, at a rate per annum equal to the sum of (1) the
Eurodollar Rate determined for the applicable Interest Period and (2) the
Applicable Margin; and

 

(B)                                if a Base Rate Loan or such other Obligation, at a rate per annum equal to the sum of (1) the
Base Rate as in effect from time to time and  (2) the
Applicable Margin.

 

(b)                                 Interest Payments.

 

(i)                                     Interest on the Loans will accrue in arrears, in accordance
with clause (a) above, and be payable on
each March 15, June 15, September 15, and December 15,
beginning September 15, 2007 by adding such interest for the applicable
Interest Period to the principal amount of the outstanding Loans (each such
payment, a “PIK Payment”).

 

(ii)                                  Accrued and unpaid interest on each Loan shall be payable in
cash (A) upon the payment or prepayment thereof in full or in part on the
principal amount paid or prepaid and (B) at maturity (whether by
acceleration or otherwise) and, after such maturity, on demand.

 

(iii)                               Interest accrued on the amount of all other Obligations
shall be payable on demand from and after the time such Obligation becomes due
and payable (whether by acceleration or otherwise).

 

(c)                                  Notwithstanding anything to the contrary herein, the
Borrower shall pay interest on overdue principal at the rate specified in
clause (a)(ii) above plus 1% per annum.

 

Section 2.11                            Conversion Option

 

(a)                                  In the event that the Loans have been converted into Base
Rate Loans pursuant to clause (b) or
clause (d) of Section 2.14 (Special
Provisions Governing Eurodollar Rate Loans), and the Administrative Agent has subsequently
transmitted the requisite notices under clause (b) or
clause (d), as applicable, that the
circumstances causing such conversion no longer exist, then the Borrower may elect at any time on any Business Day to
convert any such Base Rate Loans or any portion thereof back into Eurodollar
Rate Loans; provided, however, that the aggregate
amount of the Eurodollar Rate Loans for each Interest Period must be in the
amount of at least $1,000,000 or an integral multiple of $500,000 in excess
thereof.  Each conversion shall be
allocated among the Loans of each Lender in accordance with such Lender’s
Ratable Portion.  Each such election
shall be made by giving the Administrative Agent at least three Business Days’
prior written notice (a “Notice of
Conversion”) specifying (A) the amount of Loan being converted,
(B) the applicable Interest Period and (C) the date of such
conversion.

 

34

 

(b)                                 The Adminstrative Agent shall promptly notify each
applicable Lender of its receipt of a Notice of Conversion and of the options
selected therein.  Notwithstanding the
foregoing, no conversion in whole or in part of Base Rate Loans to Eurodollar
Rate Loans shall be permitted at any time at which conversion into a Eurodollar
Rate Loan would violate any other provision of Section 2.14
(Special Provisions Governing Eurodollar Rate Loans).  Each Notice of Conversion shall be
irrevocable.

 

Section 2.12                            Fees

 

The Borrower has agreed to pay to
the Administrative Agent and the Arranger fees, the amount and dates of payment
of which are embodied in the Fee Letter.

 

Section 2.13                            Payments and Computations

 

(a)                                  The Borrower shall make each payment hereunder (including
fees and expenses) not later than 2:00 p.m. (New York time) on the day
when due in Dollars to the Administrative Agent at its address referred to in Section 8.8 (Notices, Etc.) in immediately
available funds without set off or counterclaim.  The Administrative Agent shall promptly thereafter
cause to be distributed immediately available funds relating to the payment of
principal, interest or fees to the applicable Lenders, in accordance with the
application of payments set forth in clause (f) or
(g) below, as applicable, for the
account of their respective Lending Offices; provided, however, that amounts payable pursuant to Section 2.15 (Capital Adequacy), Section 2.16
(Taxes) or Section 2.14(c) or
(d) (Special Provisions Governing Eurodollar
Rate Loans) shall be paid only to the affected Lender or
Lenders.  Payments received by the
Administrative Agent after 2:00 p.m. (New York time) shall be deemed to be
received on the next Business Day.

 

(b)                                 All computations of interest and of fees shall be made by
the Administrative Agent on the basis of a year of 360 days (or 365/366 days in
the case of Obligations bearing interest at the Base Rate), in each case for
the actual number of days (including the first day but excluding the last day)
occurring in the period for which such interest and fees are payable.  Each determination by the Administrative
Agent of a rate of interest hereunder shall be conclusive and binding for all
purposes, absent manifest error.

 

(c)                                  In lieu of making any payment permitted or required under
this Agreement other than on the last day of the Interest Period therefor so
long as no Default or Event of Default shall have occurred and be continuing,
the Borrower at its option may deposit with the Administrative Agent an amount
equal to the amount of the Loan to be prepaid and such Loan shall be repaid on
the last day of the Interest Period therefor in the required amount; provided that interest in respect of such Loan shall
continue to accrue at the rate provided hereunder until such amount shall have
been applied in full to prepay the Loans. 
Such deposit shall be held by the Administrative Agent in an escrow
account established on terms reasonably satisfactory to the Administrative
Agent.  Such deposit shall constitute
cash collateral for the Loans; provided that
the Borrower may at any time direct that such deposit be applied to make the
applicable payment required pursuant to this Section 2.10
(Interest); provided, further, that
while a Default or Event of Default has

 

35

 

occurred
and is continuing, the Administrative Agent may apply such deposit to make the
applicable payment required under this Agreement.

 

(d)                                 Whenever any payment hereunder shall be stated to be due on
a day other than a Business Day, the due date for such payment shall be
extended to the next succeeding Business Day, and such extension of time shall
in such case be included in the computation of payment of interest or fees, as
the case may be; provided, however, that if such extension would
cause payment of interest on or principal of any Eurodollar Rate Loan to be
made in the next calendar month, such payment shall be made on the immediately
preceding Business Day.  All repayments
of any Loans shall be applied to repay such Loans outstanding as Base Rate Loans
or Eurodollar Rate Loans as notified by the Borrower to the Administrative
Agent in writing (which writing may be by telecopy) not later than 1:00 p.m.
(New York time) one Business Day prior to the scheduled date of such payment; provided, however, that
if the Borrower fails to so notify the Administrative Agent, such payment shall
be applied first, to repay such
Loans outstanding as Base Rate Loans and then,
to repay such Loans outstanding as Eurodollar Rate Loans.

 

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

 

(f)                                    Except for payments and other amounts received by the
Administrative Agent and applied in accordance with the provisions of clause (g) below, all payments and
any other amounts received by the Administrative Agent from or for the benefit
of the Borrower shall be applied as follows: first,
to pay principal of, and interest on, any portion of the Loans the
Administrative Agent may have advanced pursuant to the express provisions of
this Agreement on behalf of any Lender, for which the Administrative Agent has
not then been reimbursed by such Lender or the Borrower, second, to pay all other Obligations then
due and payable and third, as the
Borrower so designates.  Payments in
respect of the Loans received by the Administrative Agent shall be distributed
to each Lender in accordance with such Lender’s Ratable Portion of the Loans;
and all payments of fees and all other payments in respect of any other
Obligation shall be allocated among such of the Lenders as are entitled thereto
and, for such payments allocated to the Lenders, in proportion to their
respective Ratable Portions.

 

(g)                                 The Borrower hereby irrevocably waives the right to direct
the application of any and all payments in respect of the Obligations after the
occurrence and

 

36

 

during the
continuance of an Event of Default and agrees that, notwithstanding the
provisions of clause (f) above,
the Administrative Agent may, and, upon either (A) the written direction
of the Requisite Lenders or (B) the acceleration of the Obligations
pursuant to Section 6.2 (Remedies)
shall, apply all payments in respect of any Obligations in the following order:

 

(i)                                     first,
to pay Obligations in respect of any expense reimbursements or indemnities then
due to the Administrative Agent;

 

(ii)                                  second,
to pay Obligations in respect of any expense reimbursements or indemnities then
due to the Lenders;

 

(iii)                               third,
to pay Obligations in respect of any fees then due to the Administrative Agent
and the Lenders;

 

(iv)                              fourth,
to pay interest then due and payable in respect of the Loans;

 

(v)                                 fifth,
to pay or prepay principal amounts on the Loans; and

 

(vi)                              sixth,
to the ratable payment of all other Obligations;

 

provided, however,
that if sufficient funds are not available to fund all payments to be made in
respect of any Obligation described in any of clauses
(i), (ii), (iii),  (iv),
(v) and (vi) above, the available funds being applied with
respect to any such Obligation (unless otherwise specified in such clause)
shall be allocated to the payment of such Obligation ratably, based on the
proportion of the Administrative Agent’s or Lender’s interest in the aggregate
outstanding Obligations described in such clauses.  The order of priority set forth in clauses (i), (ii), (iii),  (iv), (v) and (vi) above may at
any time and from time to time be changed by the agreement of the Requisite
Lenders without necessity of notice to or consent of or approval by the
Borrower or by any other Person that is not a Lender.  The order of priority set forth in clauses (i) and (ii) above may be changed only with
the prior written consent of the Administrative Agent in addition to that of
the Requisite Lenders.

 

Section 2.14                            Special Provisions Governing Eurodollar Rate Loans

 

(a)                                  Determination of Interest Rate

 

The Eurodollar Rate for each
Interest Period for Eurodollar Rate Loans shall be determined by the
Administrative Agent pursuant to the procedures set forth in the definition of “Eurodollar Rate.”  The Administrative Agent’s determination
shall be presumed to be correct absent manifest error and shall be binding on
the Borrower.

 

(b)                                 Interest Rate Unascertainable, Inadequate
or Unfair

 

In the event that (i) the
Administrative Agent determines that adequate and fair means do not exist for
ascertaining the applicable interest rates by reference to which the 

 

37

 

Eurodollar Rate then being
determined is to be fixed or (ii) the Requisite Lenders notify the
Administrative Agent that the Eurodollar Rate for any Interest Period will not
adequately reflect the cost to the Lenders of making or maintaining such Loans
in the applicable currency for such Interest Period, the Administrative Agent
shall forthwith so notify the Borrower and the Lenders, whereupon each
Eurodollar Rate Loan shall automatically, on the last day of the current
Interest Period for such Loan, convert into a Base Rate Loan and the
obligations of the Lenders to make Eurodollar Rate Loans or to convert Base
Rate Loans into Eurodollar Rate Loans shall be suspended until the
Administrative Agent shall notify the Borrower that the Requisite Lenders have
determined that the circumstances causing such suspension no longer exist.

 

(c)                                  Increased Costs

 

If at any time any Lender determines
that the introduction of, or any change in or in the interpretation of, any
law, treaty or governmental rule, regulation or order (other than any change by
way of imposition or increase of reserve requirements included in determining
the Eurodollar Rate) or the compliance by such Lender with any guideline,
request or directive from any central bank or other Governmental Authority
(whether or not having the force of law), shall have the effect of increasing
the cost to such Lender (except with respect to Taxes, which shall be governed
by Section 2.16) of agreeing to make
or making, funding or maintaining any Eurodollar Rate Loans, then the Borrower
shall from time to time, upon demand by such Lender (with a copy of such demand
to the Administrative Agent), pay to the Administrative Agent for the account
of such Lender additional amounts sufficient to compensate such Lender for such
increased cost.  A certificate as to the
amount of such increased cost, submitted to the Borrower and the Administrative
Agent by such Lender, shall be conclusive and binding for all purposes, absent
manifest error.

 

(d)                                 Illegality

 

Notwithstanding any other provision
of this Agreement, if any Lender determines that the introduction of, or any
change in or in the interpretation of, any law, treaty or governmental rule,
regulation or order after the date of this Agreement shall make it unlawful, or
any central bank or other Governmental Authority shall assert that it is
unlawful, for any Lender or its applicable Lending Office to make Eurodollar
Rate Loans or to continue to fund or maintain Eurodollar Rate Loans, then, on
notice thereof and demand therefor by such Lender to the Borrower through the
Administrative Agent, (i) the obligation of such Lender to make or to
continue Eurodollar Rate Loans and to convert Base Rate Loans into Eurodollar
Rate Loans shall be suspended, and each such Lender shall make a Base Rate Loan
as part of any requested Borrowing of Eurodollar Rate Loans and (ii) if
the affected Eurodollar Rate Loans are then outstanding, the applicable
Borrower shall immediately convert each such Loan into a Base Rate Loan.  If, at any time after a Lender gives notice
under this clause (d), such
Lender determines that it may lawfully make Eurodollar Rate Loans, such Lender
shall promptly give notice of that determination to the Borrower and the
Administrative Agent, and the Administrative Agent shall promptly transmit the
notice to each other Lender.  The
Borrower’s right to request, and 

 

38

 

such Lender’s obligation, if any, to
make Eurodollar Rate Loans, or convert Base Rate Loans into Eurodollar Rate
Loans, shall be thereupon restored.

 

(e)                                  Breakage Costs

 

In addition to all amounts required
to be paid by the Borrower pursuant to Section 2.10
(Interest), the Borrower shall compensate each Lender, upon written
request, for all losses, expenses and liabilities (including any loss or
expense incurred by reason of the liquidation or reemployment of deposits or
other funds acquired by such Lender to fund or maintain such Lender’s
Eurodollar Rate Loans to the Borrower but excluding any loss of the Applicable
Margin on the relevant Loans) that such Lender may sustain (i) if for any
reason (other than solely by reason of such Lender being a Non-Funding Lender)
a proposed Borrowing or conversion into Eurodollar Rate Loans does not occur on
a date specified therefor in a Notice of Borrowing or a Notice of Conversion
given by the Borrower or in a telephonic request by it for borrowing or
conversion after notice therefor is given pursuant to Section 2.11 (Conversion Option), (ii) if
for any reason any Eurodollar Rate Loan is prepaid on a date that is not the
last day of the applicable Interest Period, (iii) as a consequence of a
required conversion of a Eurodollar Rate Loan to a Base Rate Loan as a result
of any of the events indicated in clause (d) above
or (iv) as a consequence of any failure by the Borrower to repay
Eurodollar Rate Loans when required by the terms hereof.  The Lender making demand for such
compensation shall deliver to the Borrower concurrently with such demand a
written statement as to such losses, expenses and liabilities, and this
statement shall be conclusive and binding for all purposes as to the amount of
compensation due to such Lender, absent manifest error.

 

Section 2.15                            Capital Adequacy

 

If at any time any Lender determines
that (a) the adoption of, or any change in or in the interpretation of,
any law, treaty or governmental rule, regulation or order after the date of
this Agreement regarding capital adequacy, (b) compliance with any such
law, treaty, rule, regulation or order or (c) compliance with any
guideline or request or directive from any central bank or other Governmental
Authority (whether or not having the force of law) shall have the effect of reducing
the rate of return on such Lender’s (or any corporation controlling such Lender’s)
capital as a consequence of its obligations hereunder to a level below that
which such Lender or such corporation could have achieved but for such
adoption, change, compliance or interpretation, then, upon demand from time to
time by such Lender (with a copy of such demand to the Administrative Agent),
the Borrower shall pay to the Administrative Agent for the account of such
Lender, from time to time as specified by such Lender, additional amounts
sufficient to compensate such Lender for such reduction.  A certificate as to such amounts submitted to
the Borrower and the Administrative Agent by such Lender shall be conclusive
and binding for all purposes absent manifest error.

 

39

 

Section 2.16                            Taxes

 

(a)                                  Except as otherwise provided in this Section 2.16, any and all payments by
the Borrower under each Loan Document shall be made free and clear of and
without deduction for any and all present or future taxes, levies, imposts,
deductions, charges or withholdings, and all liabilities with respect thereto,
excluding (i) in the case of each Lender and the Administrative Agent (A) taxes
measured by its net income, branch profits and franchise taxes imposed on it,
and similar taxes imposed by the jurisdiction (or any political subdivision
thereof) under the laws of which such Lender or the Administrative Agent (as
the case may be) is organized, (B) any U.S. withholding taxes payable with
respect to payments under the Loan Documents under laws (including any statute,
treaty or regulation) in effect at the time a Lender becomes a party hereto or
designates a new Lending Office, but not excluding any U.S. withholding taxes
payable to the extent such Lender or its assignor (if any) was entitled, at the
time of assignment or designation of a new Lending Office, to receive
additional amounts from the Borrower with respect to such withholding tax
pursuant to this Section 2.16 and (C) any
withholding taxes attributable to a Lender’s failure to comply with Section 2.16(f), and (ii) in the case of each
Lender, except to the extent arising solely as a result of entering into this
Agreement, taxes measured by its net income, branch profits and franchise taxes
imposed on it as a result of a present or former connection between such Lender
and the jurisdiction of the Governmental Authority imposing such tax or any
taxing authority thereof or therein (all such non-excluded taxes, levies,
imposts, deductions, charges, withholdings and liabilities being hereinafter
referred to as “Taxes”).  If any Taxes shall be required by law to be
deducted from or in respect of any sum payable under any Loan Document to any
Lender or the Administrative Agent (w) the sum payable shall be increased
as may be necessary so that, after making all required deductions (including
deductions applicable to additional sums payable under this Section 2.16), such Lender or the
Administrative Agent (as the case may be) receives an amount equal to the sum
it would have received had no such deductions been made, (x) the Borrower
shall make such deductions, (y) the Borrower shall pay the full amount
deducted to the relevant taxing authority or other authority in accordance with
applicable law and (z) the Borrower shall deliver to the Administrative
Agent evidence of such payment.

 

(b)                                 In addition, the Borrower agrees to pay any present or
future stamp or documentary taxes or any other excise or property taxes,
charges or similar levies of the United States or any political subdivision
thereof or any applicable foreign jurisdiction, and all liabilities with
respect thereto, in each case arising from any payment made under any Loan
Document or from the execution, delivery or registration of, or otherwise with
respect to, any Loan Document (collectively, “Other
Taxes”).

 

(c)                                  The Borrower shall indemnify each Lender and the
Administrative Agent for the full amount of Taxes and Other Taxes (including
any Taxes and Other Taxes imposed by any jurisdiction on amounts payable under
this Section 2.16) paid by
such Lender or the Administrative Agent (as the case may be) and any liability
(including for penalties, interest and expenses) arising therefrom or with
respect thereto.  This indemnification shall
be made within 30 days from the date such Lender or the 

 

40

 

Administrative
Agent (as the case may be) makes written demand therefor, which demand shall
include reasonable supporting documentation of the imposition of such Taxes or
Other Taxes.

 

(d)                                 Within 30 days after the date of any payment of Taxes or
Other Taxes by the Borrower, the Borrower shall furnish to the Administrative
Agent, at its address referred to in Section 8.8
(Notices, Etc.), the original or a certified copy of a receipt
evidencing payment thereof.

 

(e)                                  Without prejudice to the survival of any other agreement of
the Borrower hereunder, the agreements and obligations of the Borrower
contained in this Section 2.16
shall survive the payment in full of the Obligations.

 

(f)                                    (i)                                     Each Non-U.S. Lender that is entitled to an exemption from
U.S. withholding tax, or that is subject to such tax at a reduced rate
under an applicable tax treaty, shall (v) on or prior to the Closing Date
in the case of each Non-U.S. Lender that is a signatory hereto, (w) on or
prior to the date of the Assignment and Acceptance pursuant to which such
Non-U.S. Lender becomes a Lender or the date a successor Administrative Agent
becomes the Administrative Agent hereunder, (x) on or prior to the date on
which any such form or certification expires or becomes obsolete, (y) after
the occurrence of any event requiring a change in the most recent form or
certification previously delivered by it to the Borrower and the Administrative
Agent, and (z) from time to time if requested by the Borrower or the
Administrative Agent, provide the Administrative Agent and the Borrower with
two completed originals of each of the following, as applicable:

 

(A)                              Form W-8ECI (claiming exemption from U.S. withholding
tax because the income is effectively connected with a U.S. trade or business)
or any successor form;

 

(B)                                Form W-8BEN (claiming exemption from, or a reduction
of, U.S. withholding tax under an income tax treaty) or any successor form;

 

(C)                                in the case of a Non-U.S. Lender claiming exemption under
Sections 871(h) or 881(c) of the Code, a Form W-8BEN (claiming
exemption from U.S. withholding tax under the portfolio interest exemption) or
any successor form; or

 

(D)                               any other applicable form, certificate or document
prescribed by the IRS certifying as to such Non-U.S. Lender’s entitlement to
such exemption from U.S. withholding tax or reduced rate with respect to all
payments to be made to such Non-U.S. Lender under the Loan Documents.

 

(ii)                                  Unless the Borrower and the Administrative Agent have
received forms or other documents satisfactory to them indicating that payments

 

41

 

under
any Loan Document to or for a Lender are not subject to U.S. withholding tax or
are subject to U.S. withholding tax at a rate reduced by an applicable tax
treaty, the Borrower and the Administrative Agent shall withhold amounts
required to be withheld by applicable Requirements of Law from such payments at
the applicable statutory rate and pay over such amounts to the applicable
taxing authority.  If the Borrower and
the Administrative Agent have received forms or other documents indicating that
payments under any Loan Document to or for a Non-U.S. Lender are subject to
U.S. withholding tax at a rate reduced by an applicable tax treaty, the
Borrower and the Administrative Agent shall withhold amounts at such reduced
rate and pay over such amounts to the applicable taxing authority.

 

(iii)                               Each U.S. Lender shall (v) on or prior to the Closing
Date in the case of each U.S. Lender that is a signatory hereto, (w) on or
prior to the date of the Assignment and Acceptance pursuant to which such U.S.
Lender becomes a Lender or on or prior to the date a successor Administrative
Agent becomes the Administrative Agent hereunder, (x) on or prior to the
date on which any such form or certification expires or becomes obsolete, (y) after
the occurrence of any event requiring a change in the most recent form or
certification previously delivered by it to the Borrower and the Administrative
Agent, and (z) from time to time if requested by the Borrower or the
Administrative Agent, provide the Administrative Agent and the Borrower with
two completed originals of Form W-9 (certifying that such U.S. Lender is
entitled to an exemption from U.S. backup withholding tax) or any successor
form.  Solely for purposes of this Section 2.16(f), a U.S. Lender shall
not include a Lender or an Administrative Agent that may be treated as an
exempt recipient based on the indicators described in Treasury Regulation
section 1.6049-4(c)(1)(ii).

 

(g)                                 Any Lender claiming any additional amounts payable pursuant
to this Section 2.16 shall
use its reasonable efforts (consistent with its internal policies and Requirements
of Law) to change the jurisdiction of its Lending Office if the making of such
a change would avoid the need for, or reduce the amount of, any such additional
amounts that would be payable or may thereafter accrue and would not, in the
sole determination of such Lender, be otherwise disadvantageous to such Lender.

 

Section 2.17                            Substitution of Lenders

 

(a)                                  In the event that (i)(A) any Lender makes a claim under
Section 2.14(c) (Increased Costs)
or Section 2.15 (Capital Adequacy), (B) it
becomes illegal for any Lender to continue to fund or make any Eurodollar Rate
Loan and such Lender notifies the Borrower pursuant to Section 2.14(d) (Illegality),
(C) the Borrower is required to make any payment pursuant to Section 2.16 (Taxes) that is attributable to a
particular Lender or (D) any Lender becomes a Non-Funding Lender, (ii) in
the case of clause (i)(A) above, as a
consequence of increased costs in respect of which such claim is made, the
effective rate of interest payable to such Lender under this Agreement with
respect to its Loans materially exceeds the effective average annual rate of
interest payable to the Requisite Lenders under this Agreement and (iii) in
the case of clause (i)(A),(B) and 

 

42

 

(C) above, Lenders holding at least 75% of the Commitments are
not subject to such increased costs or illegality, payment or proceedings (any
such Lender, an “Affected Lender”), the Borrower
may substitute any Lender and, if reasonably acceptable to the Administrative
Agent, any other Eligible Assignee (a “Substitute Institution”)
for such Affected Lender hereunder, after delivery of a written notice (a “Substitution Notice”) by the Borrower to the Administrative
Agent and the Affected Lender within a reasonable time (in any case not to
exceed 90 days) following the occurrence of any of the events described in clause (i) above that the Borrower intends to make such
substitution; provided, however, that, if more
than one Lender claims increased costs, illegality or right to payment arising
from the same act or condition and such claims are received by the Borrower
within 30 days of each other, then the Borrower may substitute all, but not
(except to the extent the Borrower have already substituted one of such Affected
Lenders before Borrower’s receipt of the other Affected Lenders’ claim) less
than all, Lenders making such claims.

 

(b)                                 If the Substitution Notice was properly issued under this Section 2.17, the Affected Lender
shall sell, and the Substitute Institution shall purchase, all rights and
claims of such Affected Lender under the Loan Documents and the Substitute
Institution shall assume, and the Affected Lender shall be relieved of, the
Affected Lender’s Commitments and all other prior unperformed obligations of
the Affected Lender under the Loan Documents (other than in respect of any
damages (which pursuant to Section 8.5,
do not include exemplary or punitive damages, to the extent permitted by
applicable law) in respect of any such unperformed obligations).  Such purchase and sale (and the corresponding
assignment of all rights and claims hereunder) shall be recorded in the
Register maintained by the Administrative Agent and shall be effective on (and
not earlier than) the later of (i) the receipt by the Affected Lender of
its Ratable Portion of the Loans, together with any other Obligations owing to
it, (ii) the receipt by the Administrative Agent of an agreement in form
and substance satisfactory to it and the Borrower whereby the Substitute
Institution shall agree to be bound by the terms hereof and (iii) the
payment in full to the Affected Lender in cash of all fees, unreimbursed costs
and expenses and indemnities accrued and unpaid through such effective
date.  Upon the effectiveness of such
sale, purchase and assumption, the Substitute Institution shall become a “Lender” hereunder for all purposes of this
Agreement having a Commitment in the amount of such Affected Lender’s
Commitment assumed by it and such Commitment of the Affected Lender shall be terminated;
provided, however, that all indemnities under the
Loan Documents shall continue in favor of such Affected Lender.

 

(c)                                  Each Lender agrees that, if it becomes an Affected Lender
and its rights and claims are assigned hereunder to a Substitute Institution
pursuant to this Section 2.17,
it shall execute and deliver to the Administrative Agent an Assignment and
Acceptance to evidence such assignment, together with any Note (if such Loans
are evidenced by a Note) evidencing the Loans subject to such Assignment and
Acceptance; provided, however, that the failure of any Affected
Lender to execute an Assignment and Acceptance shall not render such assignment
invalid.

 

43

 

ARTICLE III

 

CONDITIONS TO LOANS

 

Section 3.1                                   Conditions Precedent to Loans

 

The obligation of each Lender to
make the Loans requested to be made by it on the Closing Date is subject to the
satisfaction or due waiver in accordance with Section 8.1
(Amendments, Waivers, Etc.) of each of the following conditions
precedent:

 

(a)                                  Certain Documents.  The Administrative
Agent shall have received on or prior to the Closing Date (and, in respect of
the Notice of Borrowing for the Loans, at least three Business Days prior to
the Closing Date) each of the following, each dated the Closing Date unless
otherwise indicated or agreed to by the Administrative Agent, in form and
substance reasonably satisfactory to the Administrative Agent and in sufficient
copies for each Lender:

 

(i)                                     this Agreement, duly executed and delivered by the Borrower
and, for the account of each Lender requesting the same, a Note of the Borrower
conforming to the requirements set forth herein;

 

(ii)                                  a favorable opinion of O’Melveny & Myers LLP,
counsel to the Borrower, in substantially the form of Exhibit D
(Form of Opinion of counsel for the Borrower), addressed to the
Administrative Agent and the Lenders and addressing such other matters as any
Lender through the Administrative Agent may reasonably request;

 

(iii)                               a copy of the certificate of incorporation (or equivalent
Constituent Document) of the Borrower, certified as of a recent date by the
Secretary of State of the state of organization of the Borrower, together with
a certificate of such official attesting to the good standing of the Borrower;

 

(iv)                              a certificate of the Secretary or an Assistant Secretary of
the Borrower certifying (A) the names and true signatures of each officer
of the Borrower that has been authorized to execute and deliver any Loan
Document or other document required hereunder to be executed and delivered by
or on behalf of the Borrower, (B) the by-laws (or equivalent Constituent
Document) of the Borrower as in effect on the date of such certification, (C) the
resolutions of the Borrower’s Board of Directors (or equivalent governing body)
approving and authorizing the execution, delivery and performance of this
Agreement and the other Loan Documents to which it is a party and (D) that
there have been no changes in the certificate of incorporation (or equivalent
Constituent Document) of the Borrower from the certificate of incorporation (or
equivalent Constituent Document) delivered pursuant to clause (iii) above;

 

44

 

(v)                                 a certificate of the Chief Financial Officer of the
Borrower, stating that the Borrower and its Subsidiaries are Solvent on a
consolidated basis, after giving effect to the Loans and the other
Transactions, the application of the proceeds thereof and the payment of all
estimated legal, accounting and other fees related hereto and thereto;

 

(vi)                              a certificate of an Officer of the Borrower, in form and
substance reasonably satisfactory to the Administrative Agent, to the effect
that:

 

(A)                              the representations and warranties set forth in Article IV (Representations and Warranties) shall be
true and correct in all material respects on and as of the Closing Date with
the same effect as though made on and as of such date, except to the extent
such representations and warranties expressly relate to an earlier date, in
which case such representations and warranties shall have been true and correct
in all material respects as of such earlier date;

 

(B)                                no Default or Event of Default under the Loan Documents
shall have occurred and be continuing; and

 

(C)                                no change, effect, event, circumstance or development, in
the aggregate, together with all other changes, effects, events, circumstances
or developments, has occurred since June 4, 2007 that is or is reasonably
likely to have a material adverse effect on the business or financial condition
of the Borrower and its Subsidiaries, taken as a whole, other than any change,
effect, event, circumstance or development resulting from (i) general
political, economic or financial market conditions or (ii) conditions
affecting the Borrower’s industry;

 

(vii)                           The Arranger shall have received all documentation and other
information required by regulatory authorities under applicable “know your
customer” and anti-money laundering rules and regulations, including
without limitation the Patriot Act; and

 

(viii)                        a copy of the Supplemental Indenture, certified as being
true and correct by an Officer of the Borrower.

 

(b)                                 Fees and Expenses Paid.  There shall have
been paid to the Administrative Agent, for the account of the Administrative
Agent, the Arranger and the Lenders, as applicable, all fees and expenses
(including reasonable fees and expenses of counsel) due and payable on or
before the Closing Date (including all such fees described in the Fee Letter).

 

(c)                                  Borrower Status/Indebtedness.  The Borrower shall
have become the parent company of Marquee and (as a standalone entity) shall
have no outstanding Indebtedness or preferred stock other than Indebtedness
pursuant to the Facility.

 

45

 

Section 3.2                                   [Reserved]

 

Section 3.3                                   Determinations of Initial Borrowing Conditions

 

For purposes of determining
compliance with the conditions specified in Section 3.1
(Conditions Precedent to Loans), each Lender shall be deemed to have
consented to, approved, accepted or be satisfied with, each document or other
matter required thereunder to be consented to or approved by or acceptable or
satisfactory to the Lenders unless an officer of the Administrative Agent
responsible for the transactions contemplated by the Loan Documents shall have
received notice from such Lender prior to the Borrowing hereunder specifying
its objection thereto and such Lender shall not have made available to the
Administrative Agent such Lender’s Ratable Portion of such Borrowing.

 

ARTICLE IV

 

REPRESENTATIONS AND WARRANTIES

 

To induce the Lenders and the
Administrative Agent to enter into this Agreement, the Borrower represents and
warrants each of the following to the Lenders and the Administrative Agent, on
and as of the Closing Date and after giving effect to the making of the Loans
and the other financial accommodations on the Closing Date:

 

Section 4.1                                   Corporate Existence; Compliance with Law

 

Each of the Borrower and its
Subsidiaries (a) is duly organized, validly existing and in good standing
under the laws of the jurisdiction of its organization, (b) is duly
qualified to do business as a foreign entity and in good standing under the
laws of each jurisdiction where such qualification is necessary, except where
the failure to be so qualified or in good standing would not, in the aggregate,
have a Material Adverse Effect, (c) has all requisite power and authority
and the legal right to own and operate its properties, to lease the property it
operates under lease and to conduct its business as currently conducted, (d) is
in compliance with all applicable Requirements of Law except where the failure
to be in compliance would not, in the aggregate, have a Material Adverse Effect
and (e) has all necessary Permits from or by, has made all necessary
filings with, and has given all necessary notices to, each Governmental
Authority having jurisdiction, to the extent required for such ownership,
operation and conduct, except for Permits or filings or notices that can be
obtained or made by the taking of ministerial action to secure the grant or
transfer thereof or the failure to obtain or make would not, in the aggregate,
have a Material Adverse Effect.

 

Section 4.2                                   Corporate Power; Authorization; Enforceable
Obligations

 

(a)                                  The execution, delivery and performance by the Borrower of
the Loan Documents to which it is a party, the consummation of the transactions
contemplated

 

46

 

thereby,
and the consummation by the Borrower, Marquee and AMC of the other
Transactions:

 

(i)                                     are within the Borrower’s, Marquee’s and AMC’s corporate
powers, as the case may be;

 

(ii)                                  have been or, at the time of delivery thereof pursuant to Article III (Conditions to Loans) will have been duly
authorized by all necessary corporate or other organizational action, including
the consent of shareholders where required;

 

(iii)                               do not and will not (A) contravene or violate the
Borrower’s, Marquee’s and AMC’s Constituent Documents, violate any other
Requirement of Law applicable to the Borrower, Marquee and AMC (including
Regulations T, U and X of the Federal Reserve Board), or any order or decree of
any Governmental Authority or arbitrator applicable to the Borrower, (B) conflict
with or result in the breach of, or constitute a default under, or result in or
permit the termination or acceleration of, any Indenture or any notes issued
pursuant thereto or the AMC Credit Agreement, (C) conflict with or result
in the breach of, or constitute a default under, or result in or permit the
termination or acceleration of, any material Contractual Obligation of the
Borrower or any of its Subsidiaries, except to the extent such conflict,
breach, default, termination or acceleration would not have a Material Adverse
Effect, or (D) result in the creation or imposition of any Lien upon any
property of the Borrower, other than as permitted by Section 5.2
(Liens, Etc.); and

 

(iv)                              do not require the consent of, authorization by, approval
of, notice to, or filing or registration with, any Governmental Authority or
any other Person, other than those that have been or will be, prior to the
Closing Date, obtained or made and each of which on the Closing Date will be in
full force and effect.

 

(b)                                 This Agreement has been, and each of the other Loan
Documents to which it is a party will have been upon delivery thereof pursuant
to the terms of this Agreement, duly executed and delivered by the
Borrower.  This Agreement is, and the
other Loan Documents to which it is a party will be, when delivered hereunder,
the legal, valid and binding obligation of the Borrower, enforceable against
the Borrower in accordance with its terms, except as such enforceability may be
limited by bankruptcy, insolvency, reorganization, receivership, moratorium or
other laws affecting creditors’ rights generally and by general principles of
equity.

 

Section 4.3                                   Subsidiaries; Borrower Information

 

(a)                                  Set forth on Schedule 4.3(a) (Ownership
of Subsidiaries) is a complete and accurate list showing, as of the
Closing Date, all Subsidiaries of the Borrower and, as to each such Subsidiary,
the jurisdiction of its organization and the 

 

47

 

percentage
of each class of outstanding shares owned (directly or indirectly) by the
Borrower and whether it is a Subsidiary or an Unrestricted Subsidiary.  All of the outstanding Capital Stock of each
Subsidiary of the Borrower owned (directly or indirectly) by the Borrower has
been validly issued, is fully paid and non-assessable (to the extent
applicable) and is owned by the Borrower or a Subsidiary of the Borrower, free
and clear of all options, warrants, rights of conversion or purchase or any
similar rights.

 

(b)                                 Schedule 4.3(b) (Borrower Information) sets forth as of the Closing Date the name, address of
principal place of business and tax identification number of the Borrower.

 

Section 4.4                                   Financial Statements

 

(a)                                  The consolidated balance sheet of Marquee and its
Subsidiaries as at March 30, 2006, and the related consolidated statements
of income, retained earnings and cash flows of Marquee and its Subsidiaries for
the fiscal year then ended, certified by PriceWaterhouseCoopers LLP, and the
consolidated balance sheet of Marquee and its Subsidiaries as at December 28,
2006, and the related consolidated statements of income, retained earnings and
cash flows of Marquee and its Subsidiaries for the nine months then ended,
copies of which have been furnished to each Lender, fairly present, subject, in
the case of said balance sheet as at December 28, 2006, and said
statements of income, retained earnings and cash flows for the nine months then
ended, to the absence of footnote disclosure and normal year-end audit
adjustments, the consolidated financial condition of Marquee and its
Subsidiaries as at such dates and the consolidated results of the operations of
Marquee and its Subsidiaries for the period ended on such dates, all in
conformity with GAAP.

 

(b)                                 Neither the Borrower nor any of the Borrower’s Subsidiaries
has any material obligation, contingent liability or liability for taxes,
long-term leases or unusual forward or long-term commitment that is not
reflected in the Financial Statements referred to in clause (a) above
or in the notes thereto and not otherwise permitted by this Agreement.

 

Section 4.5                                   Material Adverse Change

 

Since June 4, 2007, there has
been no Material Adverse Change and there have been no events or developments
that, in the aggregate, have had a Material Adverse Effect.

 

Section 4.6                                   Solvency

 

Both before and after giving effect
to (a) the Loans to be made or extended on the Closing Date, (b) the
disbursement of the proceeds of such Loans pursuant to the instructions of the
Borrower, (c) the consummation of the other Transactions and (d) the
payment and accrual of all transaction costs in connection with the foregoing,
the Borrower and its Subsidiaries, on a consolidated basis, are Solvent.

 

48

 

Section 4.7                                   Litigation

 

Except as set forth on Schedule 4.7  (Litigation), there are no pending (or, to
the knowledge of the Borrower, threatened) actions, investigations or
proceedings affecting the Borrower or any of its Subsidiaries before any court,
Governmental Authority or arbitrator other than those that, in the aggregate,
would not have a Material Adverse Effect. 
The performance of any action by the Borrower required or contemplated
by any Loan Document is not restrained or enjoined (either temporarily,
preliminarily or permanently).

 

Section 4.8                                   Taxes

 

(a)                                  All federal, state, local and foreign income and franchise
and other material tax returns, reports and statements (collectively, the “Tax Returns”) required to be filed by
Marquee or any of its Tax Affiliates have been filed with the appropriate
Governmental Authorities in all jurisdictions in which such Tax Returns are
required to be filed, all such Tax Returns are true and correct in all material
respects, and all taxes, charges and other impositions reflected therein or
otherwise due and payable have been paid prior to the date on which any fine,
penalty, interest, late charge or loss may be added thereto for non-payment
thereof except where contested in good faith and by appropriate proceedings if
adequate reserves therefor have been established on the books of Marquee or
such Tax Affiliate in conformity with GAAP or where the failure to pay such
taxes would not have a Material Adverse Effect. 
Except as would not have a Material Adverse Effect, no Tax Return is
under audit or examination by any Governmental Authority and no notice of such
an audit or examination or any assertion of any claim for Taxes has been given
or made by any Governmental Authority. 
Proper and accurate amounts have been withheld by Marquee and each of
its Tax Affiliates from their respective employees for all periods in full and
complete compliance with the tax, social security and unemployment withholding
provisions of applicable Requirements of Law and such withholdings have been
timely paid to the respective Governmental Authorities, except where the
failure to pay such withholdings would not have a Material Adverse Effect.

 

(b)                                 None of Marquee or any of its Tax Affiliates has executed or
filed with the IRS or any other Governmental Authority any agreement or other
document extending, or having the effect of extending, the period for the
filing of any federal, state, local or foreign income or franchise or other
material Tax Return or the assessment or collection of any material charges.

 

Section 4.9                                   Full Disclosure

 

The
written information prepared or furnished by or on behalf of the Borrower in
connection with this Agreement or the consummation of the transactions
contemplated hereunder, taken as a whole does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements contained therein or herein not misleading.

 

49

 

Section 4.10                            Margin Regulations

 

The Borrower is not engaged in the
business of extending credit for the purpose of purchasing or carrying margin
stock (within the meaning of Regulation U of the Federal Reserve Board), and no
proceeds of any Loan will be used to purchase or carry any such margin stock or
to extend credit to others for the purpose of purchasing or carrying any such
margin stock in contravention of Regulation T, U or X of the Federal Reserve
Board.

 

Section 4.11                            No Burdensome Restrictions; No Defaults

 

(a)                                  None of the Borrower or any of its Subsidiaries (i) is
a party to any Contractual Obligation the compliance with one or more of which
would have, in the aggregate, a Material Adverse Effect or the performance of
which by any thereof, either unconditionally or upon the happening of an event,
would result in the creation of a Lien (other than a Lien permitted under Section 5.2 (Liens, Etc.)) on
the assets of any thereof or (ii) is subject to one or more charter or
corporate restrictions that would, in the aggregate, have a Material Adverse
Effect.

 

(b)                                 None of the Borrower or any of its Subsidiaries is in
default under or with respect to any Contractual Obligation owed by it and, to
the knowledge of the Borrower, no other party is in default under or with
respect to any Contractual Obligation owed to the Borrower or to any Subsidiary
of the Borrower, other than, in either case, those defaults that, in the
aggregate, would not have a Material Adverse Effect.

 

(c)                                  No Default or Event of Default has occurred and is
continuing.

 

(d)                                 To the knowledge of the Borrower, there are no Requirements
of Law applicable to the Borrower or any Subsidiary of the Borrower the
compliance with which by the Borrower or such Subsidiary, as the case may be,
would, in the aggregate, have a Material Adverse Effect.

 

Section 4.12                            Investment Company Act

 

None of the Borrower or any of its
Subsidiaries is an “investment company”
as defined in, or is required to be registered as an “investment
company” under, the Investment Company Act of 1940, as amended.

 

Section 4.13                            Use of Proceeds

 

The proceeds of the Loans are being
used by the Borrower solely (a) to make distributions to its
equityholders, (b) to pay costs, fees and expenses related to the
foregoing and (c) for the payment of transaction costs, fees and expenses
incurred in connection with this Agreement and the transactions contemplated
hereby.

 

50

 

Section 4.14                            Insurance

 

All material policies of insurance
of any kind or nature of the Borrower or any of its Subsidiaries, including
policies of life, fire, theft, product liability, public liability, property
damage, other casualty, employee fidelity, workers’ compensation and employee
health and welfare insurance, are in full force and effect and are of a nature
and provide such coverage as the Borrower believes in its commercially
reasonable judgment is sufficient and as is customarily carried by businesses
of the size and character of such Person.

 

Section 4.15                            Labor Matters

 

(a)                                  There are no strikes, work stoppages, slowdowns or lockouts
pending or threatened against or involving the Borrower or any of its
Subsidiaries, other than those that, in the aggregate, would not have a
Material Adverse Effect.

 

(b)                                 There are no unfair labor practices, grievances, complaints
or arbitrations pending, or, to the Borrower’s knowledge, threatened, against
or involving the Borrower or any of its Subsidiaries, nor are there any
arbitrations or grievances threatened involving the Borrower or any of its
Subsidiaries, other than those that, in the aggregate, would not have a
Material Adverse Effect.

 

Section 4.16                            ERISA

 

(a)                                  Each employee benefit plan of the Borrower or any of the
Borrower’s Subsidiaries intended to qualify under Section 401 of the Code
does so qualify, and any trust created thereunder is exempt from tax under the
provisions of Section 501 of the Code, except where such failures, in the
aggregate, would not have a Material Adverse Effect.

 

(b)                                 Each Title IV Plan is in compliance in all material respects
with applicable provisions of ERISA, the Code and other Requirements of Law
except for noncompliance that, in the aggregate, would not have a Material
Adverse Effect.

 

(c)                                  There has been no, nor is there reasonably expected to
occur, any ERISA Event other than those that, in the aggregate, would not have
a Material Adverse Effect.

 

(d)                                 None of the Borrower, any of the Borrower’s Subsidiaries or
any ERISA Affiliate would have any Withdrawal Liability as a result of a
complete withdrawal as of the date hereof from any Multiemployer Plan, other
than those that, in the aggregate, would not have a Material Adverse Effect.

 

Section 4.17                            Environmental Matters

 

(a)                                  The operations of the Borrower and each of its Subsidiaries
are in compliance with all Environmental Laws, including obtaining and
complying with all 

 

51

 

required
environmental, health and safety Permits, other than non-compliances that, in
the aggregate, would not have a Material Adverse Effect.

 

(b)                                 Except as disclosed on Schedule 4.17
(Environmental Matters), none of the Borrower or any of its
Subsidiaries or any Real Property currently or, to the knowledge of the
Borrower, previously owned, operated or leased by or for the Borrower or any of
its Subsidiaries is subject to any pending or, to the knowledge of the
Borrower, threatened, claim, order, agreement, notice of violation, notice of
potential liability or is the subject of any pending or threatened proceeding
or governmental investigation under or pursuant to Environmental Laws other
than those that, in the aggregate, are not reasonably likely to have a Material
Adverse Effect.

 

(c)                                  Except as disclosed on Schedule 4.17
(Environmental Matters), none of the Real Property owned or operated
by the Borrower or any of its Subsidiaries is a treatment, storage or disposal
facility requiring a Permit under the Resource Conservation and Recovery Act,
42 U.S.C. § 6901 et seq., the regulations thereunder or any state analog.

 

(d)                                 There are no facts, circumstances or conditions arising out
of or relating to the operations or ownership of the Borrower or of Real
Property owned, operated or leased by the Borrower or any of its Subsidiaries
that are not specifically included in the financial information furnished to
the Lenders which could reasonably be expected to result in the Borrower
incurring Environmental Liabilities and Costs other than those that, in the
aggregate, would not have a reasonable likelihood of having a Material Adverse
Effect.

 

(e)                                  As of the date hereof, no Environmental Lien has attached to
any property of the Borrower or any of its Subsidiaries and, to the knowledge
of the Borrower, no Government Authority has undertaken any Remedial Action at
any Real Property owned or leased by the Borrower.

 

(f)                                    The Borrower and each of its Subsidiaries has made available
to the Lenders copies of all material environmental, health or safety audits,
studies, assessments, inspections, investigations or other environmental health
and safety reports relating to the operations of the Borrower or any of its
Subsidiaries or any Real Property of any of them that are in the possession,
custody or control of the Borrower or any of its Subsidiaries which reveals
known or potential material Environmental Liabilities and Costs.

 

Section 4.18                            Intellectual Property

 

The Borrower and its Subsidiaries
own or license or otherwise have the right to use all licenses, permits,
patents, patent applications, trademarks, trademark applications, service
marks, trade names, copyrights, copyright applications, Internet domain
names, franchises, authorizations and other intellectual property rights that
are necessary for the operations of their respective businesses, without
infringement upon or conflict with the rights of any other Person with respect
thereto, including all trade names associated with any private label brands of
the Borrower or any of its Subsidiaries, except to the extent the 

 

52

 

failure to own, license or otherwise
have the right to use would not have a Material Adverse Effect.  To the Borrower’s knowledge, no license,
permit, patent, patent application, trademark, trademark application, service
mark, trade name, copyright, copyright application, Internet domain name,
franchise, authorization, other intellectual property right, slogan or other
advertising device, product, process, method, substance, part or component, or
other material now employed, or now contemplated to be employed, by the
Borrower or any of its Subsidiaries infringes upon or conflicts with any rights
owned by any other Person, except for such infringements and conflicts which
would not have a Material Adverse Effect. 
No claim or litigation regarding any of the foregoing is pending or, to
the knowledge of the Borrower, threatened which would have a Material Adverse
Effect.

 

Section 4.19                            Title; Real Property

 

(a)                                  Each of the Borrower and its Subsidiaries has good and
marketable title to, or valid leasehold interests in, all Real Property and
good title to all personal property, in each case that is purported to be owned
or leased by it, including those reflected on the most recent Financial
Statements delivered by the Borrower, and none of such properties and assets is
subject to any Lien, except Liens permitted under Section 5.2 (Liens, Etc.).

 

(b)                                 No portion of any Real Property of the Borrower or any of
its Subsidiaries has suffered any material damage by fire or other casualty
loss that has not heretofore been substantially repaired and restored to its
original condition.

 

(c)                                  All Permits required to have been issued or appropriate to
enable all Real Property of the Borrower or any of its Subsidiaries to be
lawfully occupied and used for all of the purposes for which they are currently
occupied and used have been lawfully issued and are in full force and effect,
other than those that, in the aggregate, would not have a Material Adverse
Effect.

 

(d)                                 None of the Borrower or any of its Subsidiaries has received
any notice, or has any knowledge, of any pending, threatened or contemplated
condemnation proceeding affecting any Real Property of the Borrower or any of
its Subsidiaries or any part thereof, except those that, in the aggregate,
would not have a Material Adverse Effect.

 

Section 4.20                            Holding Company Status

 

Prior to the Closing Date, the
Borrower will not have engaged in any trade or business, or own any assets
(other than the Capital Stock of its Subsidiaries and any other assets
incidental to such ownership) or incurred any Indebtedness or any other
liabilities (except in connection with its corporate formation and the
Transactions).

 

53

 

ARTICLE V

 

COVENANTS

 

The Borrower agrees with the Lenders
and the Administrative Agent to each of the following, as long as any
Obligation (other than contingent indemnification obligations as to which no
claim is pending) or any Commitment remains outstanding and, in each case,
unless the Requisite Lenders otherwise consent in writing (provided,
however, that during any period of time
that (i) the Loans have Investment Grade Ratings from both Rating Agencies
and (ii) no Default has occurred and is continuing under this Agreement
(the occurrence of the events described in the foregoing clauses (i) and (ii) being
collectively referred to as a “Covenant Suspension Event”),
the covenants set forth in Sections 5.1 (Indebtedness), 5.2  (Liens, Etc.), 5.5
(Restricted Payments), 5.8
(Transactions with Affiliates), clause (3) of Section 5.4 (Merger, Consolidation or Sale of
All or Substantially All Assets) and Section 5.10 (Future Guarantors) will not be
applicable to the Loans (the “Suspended Covenants”).  In the event that the Borrower and its
Subsidiaries are not subject to the Suspended Covenants under this Agreement
for any period of time as a result of the foregoing, and on any subsequent date
(the “Reversion Date”) one or both of the
Rating Agencies (a) withdraw their Investment Grade Rating or downgrade
the rating assigned to the Loans below an Investment Grade Rating and/or (b) the
Borrower or any of its Affiliates enters into an agreement to effect a
transaction that would result in a Change of Control and one or more of the
Rating Agencies indicate that if consummated, such transaction (alone or
together with any related recapitalization or refinancing transactions) would
cause such Rating Agency to withdraw its Investment Grade Rating or downgrade
the ratings assigned to the Loans below an Investment Grade Rating, then from
and after the Reversion Date the Borrower and its Subsidiaries will thereafter
again be subject to the Suspended Covenants with respect to future events (but
not retroactively), including, without limitation, a proposed transaction
described in clause (b) above):

 

Section 5.1                                   Indebtedness

 

The Borrower shall not, and shall
not permit any of its Subsidiaries to, Incur any Indebtedness; provided, however, that (i) the Borrower may Incur
Indebtedness if, after giving effect to such event on a pro forma basis, the
Borrower’s Consolidated EBITDA Ratio for the four full fiscal quarters
immediately preceding such event, taken as one period calculated on the
assumption that such Indebtedness had been incurred on the first day of such
four quarter period, is greater than or equal to 1.75:1; (ii) Marquee may
Incur Indebtedness if, after giving effect to such event on a pro forma basis,
the Borrower’s Consolidated EBITDA Ratio for the four full fiscal quarters
immediately preceding such event, taken as one period calculated on the
assumption that such Indebtedness had been incurred on the first day of such
four quarter period, is greater than or equal to 1.75:1; and (iii) AMC
and its Subsidiaries may Incur Indebtedness if, after giving effect to such
event on a pro forma basis, AMC’s Consolidated EBITDA Ratio for the four full
fiscal quarters immediately preceding such event, taken as one period
calculated on the assumption that such Indebtedness had been incurred on the
first day of such four quarter period, is greater 

 

54

 

than or equal to 2.0:1); provided further, however, that the foregoing limitations
shall not apply to:

 

(a)                                  Indebtedness of the Borrower under the Loans;

 

(b)                                 Indebtedness of the Borrower or any of its Subsidiaries
under the AMC Credit Agreement together with the Guarantees thereunder and the
issuance and creation of letters of credit and bankers’ acceptances thereunder
(with letters of credit and bankers’ acceptances being deemed to have a
principal amount equal to the face amount thereof) in an aggregate principal
amount at any one time outstanding not to exceed $975.0 million; provided that Grupo Cinemex may Incur Indebtedness under
this clause (b) in an aggregate principal amount not to exceed
$25.0 million;

 

(c)                                  Indebtedness of the Borrower or any of its Subsidiaries
outstanding on the Closing Date (other than Indebtedness described in
clause (b) above);

 

(d)                                 Indebtedness of the Borrower or any of its Subsidiaries
consisting of Permitted Interest Rate Protection Agreements;

 

(e)                                  Indebtedness of the Borrower or any of its Subsidiaries to
any one or the other of them;

 

(f)                                    Indebtedness of the Borrower or any of its Subsidiaries
incurred to renew, extend, refinance or refund (each, a “refinancing”)
any Indebtedness outstanding on the Closing Date in an aggregate principal
amount not to exceed the principal amount of the Indebtedness so refinanced
plus the amount of any premium required to be paid in connection with such
refinancing pursuant to the terms of the Indebtedness so refinanced or the
amount of any premium reasonably determined by the Borrower as necessary to
accomplish such refinancing by means of a tender offer or privately negotiated
repurchase, plus the expenses of the Borrower or any of its Subsidiaries
incurred in connection with such refinancing;

 

(g)                                 Indebtedness of any Subsidiary incurred in connection with
the Guarantee of any Indebtedness of the Borrower; provided
that in the event such Indebtedness that is being Guaranteed is a Subordinated
Obligation of the Borrower, then the related Guarantee shall be subordinated in
right of payment to the Subsidiary Guarantee;

 

(h)                                 Indebtedness relating to Currency Hedging Obligations
entered into solely to protect the Borrower or any of its Subsidiaries from
fluctuations in currency exchange rates and not to speculate on such
fluctuations;

 

(i)                                     Capitalized Lease Obligations of the Borrower or any of its
Subsidiaries;

 

55

 

(j)                                     Indebtedness of the Borrower or any of its Subsidiaries in
connection with one or more standby letters of credit or performance bonds issued
in the ordinary course of business or pursuant to self-insurance obligations;

 

(k)                                  Indebtedness represented by property, liability and workers’
compensation insurance (which may be in the form of letters of credit);

 

(l)                                     Acquired Indebtedness; provided that
such Indebtedness, if incurred by the Borrower, would be in compliance with the
limitations in this Section 5.1
(Indebtedness) above;

 

(m)                               Indebtedness of the Borrower or any of its Subsidiaries to
an Unrestricted Subsidiary for money borrowed; provided
that such Indebtedness is subordinated in right of payment to the Loans and the
Weighted Average Life to Maturity of such Indebtedness is greater than the
Weighted Average Life to Maturity of the Loans;

 

(n)                                 Indebtedness Incurred by Grupo Cinemex under the Mexican
Credit Agreements together with the Guarantees thereunder and the issuance and
creation of letters of credit and bankers’ acceptances thereunder (with letters
of credit and bankers’ acceptances being deemed to have a principal amount
equal to the face amount thereof) in an aggregate principal amount at any one
time outstanding not to exceed $125.0 million;

 

(o)                                 Construction Indebtedness in an aggregate principal amount
that does not exceed $100.0 million at any time outstanding; and

 

(p)                                 Indebtedness of the Borrower or any of its Subsidiaries not
otherwise permitted to be incurred pursuant to clauses (a) through (o) above
which, together with any other Indebtedness pursuant to this clause (p), has an
aggregate principal amount that does not exceed $100 million at any time
outstanding.

 

Indebtedness described in clauses (a) through
(p) above constitutes “Permitted Indebtedness.”

 

For purposes of determining
compliance with this covenant, in the event that an item of Indebtedness meets
the criteria of more than one of the categories of permitted Indebtedness
described in clauses (a) through (p) above or is entitled to be
Incurred pursuant to the first paragraph of this covenant, the Borrower shall,
in its sole discretion, classify or reclassify, or later divide, classify or
reclassify, such item of Indebtedness in any manner that complies with this
covenant.

 

Guarantees of, or obligations in
respect of letters of credit relating to, Indebtedness which is otherwise
included in the determination of a particular amount of Indebtedness shall not
be included in the determination of such amount of Indebtedness; provided that the Incurrence of the
Indebtedness represented by such guarantee or letter of credit, as the case may
be, was in compliance with this covenant.

 

56

 

For purposes of determining
compliance with any U.S. dollar-denominated restriction on the Incurrence of
Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness
denominated in a foreign currency shall be calculated based on the relevant currency
exchange rate in effect on the date such Indebtedness was Incurred, in the case
of term debt, or first committed or first Incurred (whichever yields the lower
U.S. dollar equivalent), in the case of revolving credit debt; provided that if such Indebtedness is
Incurred to refinance other Indebtedness denominated in a foreign currency, and
such refinancing would cause the applicable U.S. dollar-denominated restriction
to be exceeded if calculated at the relevant currency exchange rate in effect
on the date of such refinancing, such U.S. dollar-denominated restriction shall
be deemed not to have been exceeded so long as the principal amount of such
refinancing Indebtedness does not exceed the principal amount of such
Indebtedness being refinanced.

 

Section 5.2            Liens, Etc.

 

The Borrower will not, directly or
indirectly, create, Incur or suffer to exist any Lien, other than a
Permitted Lien, on any asset or property of the Borrower securing Indebtedness
of the Borrower unless the Loans are equally and ratably secured with (or on a
senior basis to, in the case of obligations subordinated in right of payment to
the Loans) the obligations so secured until such time as such obligations are
no longer secured by a Lien.  Any Lien
which is granted to secure the Loans under this covenant shall be automatically
released and discharged at the same time as the release of the Lien that gave
rise to the obligation to secure the Loans under this covenant.

 

Section 5.3            [Reserved]

 

Section 5.4            Merger, Consolidation or Sale of All or
Substantially All Assets

 

The Borrower shall not, in a single
transaction or through a series of related transactions, consolidate with or
merge with or into any other Person (other than any Wholly Owned Subsidiary) or
sell, assign, transfer, lease or otherwise dispose of all or substantially all
of its properties and assets to any Person (other than any Wholly Owned
Subsidiary) or group of affiliated Persons unless at the time and after giving
effect thereto:

 

(a)           either (i) the Borrower shall be the continuing
corporation, or (ii) the Person (if other than the Borrower) formed by
such consolidation or into which the Borrower is merged or the Person which
acquires by conveyance, transfer, lease or disposition the properties and
assets of the Borrower substantially as an entirety (the “Surviving
Entity”) shall be a corporation duly organized and validly existing
under the laws of the United States of America, any state thereof or the
District of Columbia and shall, in either case, expressly assume all the
Obligations of the Borrower under the Loans and this Agreement;

 

(b)           immediately after giving effect to such transaction on a pro
forma basis, no Default or Event of Default shall have occurred and be
continuing; and

 

57

 

(c)           immediately after giving effect to such transaction on a pro
forma basis, except in the case of the consolidation or merger of any
Subsidiary with or into the Borrower, the Borrower (or the Surviving Entity if
the Borrower is not the continuing corporation) could incur $1.00 of additional
Indebtedness (other than Permitted Indebtedness) under the provisions of Section 5.1 (Indebtedness).

 

Upon any consolidation or merger or
any transfer of all or substantially all of the assets of the Borrower in
accordance with the foregoing, the successor corporation formed by such a
consolidation or into which the Borrower is merged or to which such transfer is
made shall succeed to, shall be substituted for and may exercise every right
and power of the Borrower under the Loans and this Agreement, with the same
effect as if such successor corporation had been named as the Borrower
therein.  In the event of any transaction
(other than a lease) described and listed in the immediately preceding paragraphs
in which the Borrower is not the continuing corporation, the successor Person
formed or remaining shall succeed to, be substituted for and may exercise every
right and power of the Borrower, and the Borrower shall be discharged from all
obligations and covenants under the Loans and this Agreement.

 

Section 5.5            Restricted Payments

 

The Borrower shall not directly or
indirectly:

 

(a)           declare or pay any dividend on, or make any distribution in
respect of, any shares of the Borrower’s or any Subsidiary’s Capital Stock
(excluding dividends or distributions payable in shares of its Capital Stock or
in options, warrants or other rights to purchase such Capital Stock, but
including dividends or distributions payable in Redeemable Capital Stock or in
options, warrants or other rights to purchase Redeemable Capital Stock (other
than dividends on such Redeemable Capital Stock payable in shares of such
Redeemable Capital Stock)) held by any Person other than the Borrower or any of
its Wholly Owned Subsidiaries;

 

(b)           purchase, redeem or acquire or retire for value any Capital
Stock of the Borrower or any Affiliate thereof (other than any Wholly Owned
Subsidiary of the Borrower) or any options, warrants or other rights to acquire
such Capital Stock; or

 

(c)           make any principal payment on, or redeem, repurchase,
defease or otherwise acquire or retire for value, in each case prior to any
scheduled repayment or scheduled maturity, any Subordinated Obligation of the
Borrower or any of its Subsidiaries (other than the payment, redemption,
repurchase, defeasance, acquisition or retirement of (i) Subordinated
Obligation in anticipation of satisfying a sinking fund obligation, principal
installment or final maturity, in each case due within one year of the date of
such payment, redemption, repurchase, defeasance, acquisition or retirement and
(2) Indebtedness permitted under clause (e) of
Section 5.1 (Indebtedness)).

 

(such payments or any other actions
described in (a), (b) and
(c) above are collectively referred
to as “Restricted Payments”) unless at the time
of and after giving effect to the

 

58

 

proposed Restricted Payment (the
amount of any such Restricted Payment, if other than cash, as determined by the
Board of Directors, whose determination shall be conclusive and evidenced by a
Board Resolution):

 

(1)           no Default or Event of Default shall have occurred and be
continuing;

 

(2)           the Borrower could incur $1.00 of additional Indebtedness
(other than Permitted Indebtedness) under the provisions of Section 5.1 (Indebtedness) above;

 

(3)           the aggregate amount of all Restricted Payments (other than
Restricted Payments made pursuant to clause  (i) of the next paragraph of this Section 5.5)
declared or made after the Closing Date does not exceed (A) until the
third anniversary of the Closing Date, $100.0 million and (B) thereafter,
the Cumulative Credit; and

 

(4)           in the case of any Restricted Payments described in clause (b) above that are not made on a pari passu
basis to all holders of the Borrower’s or such Affiliate’s Capital Stock, such
Restricted Payment shall not have been made prior to February 15, 2008.

 

Notwithstanding the foregoing
limitation, the Borrower may:

 

(i)            pay the distributions contemplated by the Transactions; provided that such distributions shall not count against the
Cumulative Credit;

 

(ii)           pay dividends on its Capital Stock within 60 days of the
declaration thereof if, on the declaration date, such dividends could have been
paid in compliance with the foregoing limitation;

 

(iii)          acquire, redeem or retire Capital Stock in exchange for, or
in connection with a substantially concurrent issuance of, Capital Stock of the
Borrower (other than Redeemable Capital Stock);

 

(iv)          redeem, repurchase or otherwise acquire or retire
Subordinated Obligation of the Borrower or any Subsidiary by exchange for, or
out of the proceeds of, the substantially concurrent sale of, new Indebtedness
of the Borrower or any Subsidiary which is Incurred in accordance with Section 5.1 (Indebtedness) so long as:

 

(A)          the principal amount of such new Indebtedness does not
exceed the principal amount of the Subordinated Obligation being so redeemed,
repurchased, acquired or retired for value (plus the amount of any premium
required to be paid under the terms of the instrument

 

59

 

governing
the Subordinated Obligation being so redeemed, repurchased, acquired or retired
plus any fees incurred in connection therewith);

 

(B)           such Indebtedness is subordinated to the Loans at least to
the same extent as such Subordinated Obligation so purchased, exchanged,
redeemed, repurchased, acquired or retired for value;

 

(C)           such Indebtedness has a final scheduled maturity date equal
to or later than the earlier of (x) the final scheduled maturity date of
the Subordinated Obligation being so redeemed, repurchased, acquired or retired
or (y) 91 days following the last maturity date of any Loans then
outstanding; and

 

(D)          such
Indebtedness has a Weighted Average Life to Maturity at the time Incurred which
is not less than the shorter of (x) the remaining Weighted Average Life to
Maturity of the Subordinated Obligation being so redeemed, repurchased,
acquired or retired and (y) the Weighted Average Life to Maturity that would
result if all payments of principal on the Subordinated Obligation being
redeemed, repurchased, acquired or retired that were due on or after the date
one year following the last maturity date of any Loans then outstanding were
instead due on such date one year following the last date of maturity of the
Loans then outstanding; or

 

(v)           repurchase, redeem or otherwise acquire or retire for value
of any Subordinated Obligation pursuant to the provisions similar to those
described under Section 5.11 (Change of Control)
or pursuant to “asset sale” covenants set forth in indentures governing notes
issued by the Borrower or any of its Subsidiaries; provided that, in the case of a Change of Control, all Loans
tendered by holders of the Loans in connection with a Change of Control have
been repurchased, redeemed or acquired for value.

 

Section 5.6            [Reserved]

 

Section 5.7            [Reserved]

 

Section 5.8            Transactions with Affiliates

 

The Borrower shall not, and shall
not permit any of its Subsidiaries to, directly or indirectly enter into or
suffer to exist any transaction or series of related transactions (including,
without limitation, the sale, purchase, exchange or lease of assets, property
or services) with any Affiliate of the Borrower (other than a Wholly Owned
Subsidiary of the Borrower) involving aggregate consideration in excess of $5.0
million, unless:

 

(a)           such transaction or series of transactions is on terms that
are no less favorable to the Borrower or such Subsidiary, as the case may be,
than would be available

 

60

 

at the
time of such transaction or series of transactions in a comparable transaction
in an arm’s-length dealing with an unaffiliated third party;

 

(b)           such transaction or series of transactions is in the best
interests of the Borrower; and

 

(c)           with respect to a transaction or series of transactions
involving aggregate payments equal to or greater than $50.0 million, a
majority of disinterested members of the Board of Directors determines that
such transaction or series of transactions complies with clauses (a) and (b) above,
as evidenced by a Board Resolution.

 

Notwithstanding the foregoing
limitation, the Borrower and its Subsidiaries may enter into or suffer to exist
the following:

 

(i)            the Transactions and any transaction pursuant to any
contract in existence on the Closing Date;

 

(ii)           any Restricted Payment permitted to be made pursuant to Section 5.5 (Restricted Payments);

 

(iii)          any transaction or series of transactions between the
Borrower and one or more of its Subsidiaries or between two or more of its
Subsidiaries (provided that no more than 5% of the equity interest in any such
Subsidiary is owned, directly or indirectly (other than by direct or indirect
ownership of an equity interest in the Borrower), by any Affiliate of the
Borrower other than a Subsidiary);

 

(iv)          the payment of compensation (including amounts paid pursuant
to employee benefit plans) for the personal services of officers, directors and
employees of the Borrower or any of its Subsidiaries and

 

(v)           the holding by any Affiliate of the Borrower of any of the
Loans on the same terms and conditions as any other Lender thereunder.

 

Section 5.9            Reports and Other Information

 

The Borrower shall furnish to the
Administrative Agent (and the Administrative Agent will forward to or post on
the Approved Electronic Platform for the Lenders) each of the following:

 

(a)           within the time period specified in the Commission’s rules and
regulations, annual reports on Form 10-K (or any successor or comparable
form) containing the information required to be contained therein (or required
in such successor or comparable form), and

 

(b)           within the time period specified in the Commission’s rules and
regulations, reports on Form 10-Q (or any successor or comparable form)
containing the

 

61

 

information
required to be contained therein (or required in such successor or comparable
form).

 

In the event that:

 

(i)            the rules and regulations of the Commission permit the
Borrower and any direct or indirect parent of the Borrower to report at such
parent entity’s level on a consolidated basis and

 

(ii)           such parent entity of the Borrower is not engaged in any
business in any material respect other than incidental to its ownership,
directly or indirectly, of the capital stock of the Borrower,

 

such consolidated reporting at such
parent entity’s level in a manner consistent with that described in this
covenant for the Borrower will satisfy this covenant; provided that the same is accompanied by
consolidating information that explains in reasonable detail the differences
between the information relating to such direct or indirect parent and any of
its Subsidiaries other than the Borrower and its Subsidiaries, on the one hand,
and the information relating to the Borrower and its Subsidiaries on a
standalone basis, on the other hand.

 

Notwithstanding the foregoing, the
Borrower will be deemed to have furnished such reports referred to above to the
Administrative Agent and the Lenders if (i) Marquee has filed such reports
(with respect to Marquee) with the Commission via the EDGAR filing system and
such reports are publicly available and (ii) the Borrower has provided to
the Administrative Agent the financial statements which it would have been
required to include in such reports if the Borrower had been the registrant
thereunder.  In addition, such
requirements shall be deemed satisfied by the filing with the Commission of a
registration statement or an amendment thereto relating to debt or equity
securities of the Borrower if such registration statement and/or amendments
thereto are filed at times that otherwise satisfy the time requirements set
forth in the first paragraph of this covenant.

 

In the event that any direct or
indirect parent of the Borrower is or becomes a guarantor of the Loans, the
Borrower shall satisfy its obligations under this Section 5.9
(Reports and Other Information) with respect to financial
information relating to the Borrower by furnishing financial information
relating to such direct or indirect parent; provided
that the same is accompanied by consolidating information that explains in
reasonable detail the differences between the information relating to such
direct or indirect parent and any of its Subsidiaries other than the Borrower
and its Subsidiaries, on the one hand, and the information relating to the
Borrower and its Subsidiaries on a standalone basis, on the other hand.

 

Section 5.10         Future Guarantors

 

After the Closing Date, the Borrower
will cause each Subsidiary which guarantees any Indebtedness of the Borrower to
execute and deliver to the Administrative Agent an

 

62

 

amendment to this Agreement pursuant
to which such Subsidiary will unconditionally Guarantee, on a joint and several
basis, the full and prompt payment of the principal of, and interest on the
Loans on a senior basis.  Each such
Guarantee will be limited to an amount not to exceed the maximum amount that
can be guaranteed by that Subsidiary without rendering such Guarantee, as it
relates to such Subsidiary, voidable under applicable law relating to
fraudulent conveyance or fraudulent transfer or similar laws affecting the
rights of creditors generally. 
Notwithstanding the foregoing, if such Subsidiary is released and
discharged in full from its obligations under its Guarantees of all other
Indebtedness of the Borrower, then the Guarantee of the Loans by such
Subsidiary shall be automatically and unconditionally released and discharged.

 

Section 5.11         Change of Control

 

(a)           Upon the occurrence of a Change of Control, each Lender will have the right to require
the Borrower to prepay all or any part of such Lender’s Loans at a prepayment
price in cash equal to (i) 100% of the principal amount thereof, if the
Change of Control occurs on or prior to the 12-month anniversary of the Closing
Date, or (ii) 101% of the principal amount thereof, if the Change of
Control occurs after the 12-month anniversary of the Closing Date, in each case
plus accrued and unpaid interest, if any, to the date of prepayment, except to
the extent the Borrower has previously elected to prepay Loans as described
under Section 2.8 (Optional
Prepayments).

 

(b)           In the event that at the time of such Change of Control the terms
of the Indebtedness of the Borrower’s Subsidiaries restrict or prohibit the
prepayment of Loans pursuant to this covenant, then prior to the mailing of the
notice to Lenders provided for in the immediately following paragraph but in
any event within 30 days following any Change of Control, the Borrower shall,
or shall cause one or more of its Subsidiaries to:

 

(i)            repay in full all such Indebtedness or, if doing so will
allow the prepayment of Loans, offer to repay in full all such Indebtedness and
prepay such Indebtedness of each lender who has accepted such offer; or

 

(ii)           obtain the requisite consent under the agreements governing
the such Indebtedness to permit the prepayment of the Loans provided for in the
immediately following paragraph.

 

(c)           Within 30 days following the date upon which the Change of
Control occurred, except to the extent the Borrower has previously elected to
prepay Loans as described under Section 2.8
(Optional Prepayments),
the Borrower must send, by first class mail, a notice (a “Change of
Control Offer”) to each Lender, with a copy to the Administrative
Agent.  Such notice will state, among
other things, the prepayment date, which must be no earlier than 30 days nor
later than 60 days from the date such notice is mailed, other than as may be
required by law (the “Change of Control Payment
Date”).

 

63

 

A Change
of Control Offer may be made in advance of a Change of Control, and conditioned
upon such Change of Control, if a definitive agreement is in place for the
Change of Control at the time of making of the Change of Control Offer.

 

In addition, the Borrower will not
be required to make a Change of Control Offer upon a Change of Control if a
third party makes the Change of Control Offer in the manner, at the times and
otherwise in compliance with the requirements set forth in this Section 5.11 (Change of Control) applicable to a Change
of Control Offer made by the Borrower and prepays all Loans validly tendered
and not withdrawn under such Change of Control Offer.

 

Section 5.12         Payment of Loans

 

The Borrower shall promptly pay the
principal of and interest on the Loans on the dates and in the manner provided
in this Agreement.  Principal or interest
shall be considered paid on the date due if on such date the Administrative
Agent holds in accordance with this Agreement money sufficient to pay all
principal and interest then due and the Administrative Agent is not prohibited
from paying such money to the Lenders on that date pursuant to the terms of
this Agreement.

 

Section 5.13         Corporate Existence

 

The Borrower will do or cause to be
done all things necessary to preserve and keep in full force and effect the
corporate existence and corporate power and authority of the Borrower and each
Subsidiary; provided, however,
that the Borrower shall not be required to preserve any such corporate
existence and corporate power and authority if the Borrower shall determine
that the preservation thereof is no longer desirable in the conduct of the business
of the Borrower and its Subsidiaries taken as a whole.

 

Section 5.14         Payment of Taxes and Other Claims

 

The Borrower will pay or discharge
or cause to be paid or discharged, before the same shall become delinquent,

 

(a)           all material taxes, assessments and governmental charges
levied or imposed upon the Borrower or any Subsidiary or upon the income,
profits or property of the Borrower or any Subsidiary and

 

(b)           all material lawful claims for labor, materials and
supplies, which, if unpaid, might by law become a Lien upon the property of the
Borrower or any Subsidiary that could produce a material adverse effect on the
consolidated financial condition of the Borrower; provided,
however, that the Borrower shall not be
required to pay or discharge or cause to be paid or discharged any such tax,
assessment, charge or claim whose amount, applicability or validity is being
contested in good faith by appropriate proceedings.

 

64

 

Section 5.15         Maintenance of Properties

 

The Borrower will cause all
properties owned by the Borrower or any Subsidiary or used or held for use in
the conduct of its business or the business of any Subsidiary to be maintained
and kept in good condition, repair and working order and supplied with all
necessary equipment and will cause to be made all necessary repairs, renewals,
replacements, betterments and improvements thereof, all as in the judgment of
the Borrower may be necessary so that the business carried on in connection
therewith may be properly and advantageously conducted at all times, except, in
every case, as and to the extent that the Borrower may be prevented by fire,
strikes, lockouts, acts of God, inability to obtain labor or materials,
governmental restrictions, enemy action, civil commotion or unavoidable
casualty or similar causes beyond the control of the Borrower; provided, however, that
nothing in this section shall prevent the Borrower from discontinuing the
maintenance of any such Properties if such discontinuance is, in the judgment
of the Borrower, desirable in the conduct of its business or the business of
any Subsidiary and not disadvantageous in any material respect to the Lenders.

 

Section 5.16         Compliance Certificate

 

The Borrower shall deliver to the
Administrative Agent, within 90 days after the end of each fiscal year of the
Borrower beginning with the fiscal year 2008, an Officers’ Certificate stating
that to such officer’s knowledge, the Borrower is in compliance with all
covenants and conditions to be complied with by it under this Agreement.  For purposes of this Section 5.16
(Compliance Certificate), such compliance shall be determined
without regard to any period of grace or requirement of notice under this
Agreement.

 

When a Default has occurred and is continuing
or if the Administrative Agent, any Lender or the trustee for or the holder of
any other evidence of Indebtedness of the Borrower or any Subsidiary gives any
notice or takes any other action with respect to a claimed Default, the
Borrower shall deliver to the Administrative Agent an Officers’ Certificate
specifying such Default, notice or other action within 10 Business Days of its
occurrence.

 

Section 5.17         Cash-Pay Election on Marquee Notes

 

The Borrower shall cause Marquee to
make an election on August 15, 2007 to pay cash interest on the Senior
Discount Notes in accordance with the terms of the Senior Discount Note
Indenture.

 

Section 5.18         Qualified Equity Issuance

 

(a)           Upon the occurrence of a Qualified Equity Issuance, the
Borrower will be required to make an offer to all Lenders to make a prepayment
of the maximum principal amount of Loans that may be purchased out of any
Qualified Equity Issuance Net Proceeds at a prepayment price in cash equal to
100% of the principal amount thereof plus

 

65

 

accrued
and unpaid interest, if any, to the date of prepayment, except to the extent
the Borrower has previously elected to prepay Loans as described under Section 2.8 (Optional Prepayments).

 

(b)           Not later than 60 days following the receipt of Qualified
Equity Issuance Net Proceeds from any Qualified Equity Issuance, expect to the
extent the Borrower has previously elected to prepay Loans as described under “—Optional
Prepayment,” the Borrower must send, by first class mail, a notice (a “Qualified Equity Issuance Offer”) to each Lender, with a
copy to the Administrative Agent.  Such
notice will state, among other things:

 

(i)            that a Qualified Equity Issuance has occurred, the amount of
Qualified Equity Issuance Net Proceeds received by the Borrower, and that such
Lender has the right to require the Borrower to prepay such Lender’s Loans or
pro rata portion thereof, as discussed below, at a prepayment price in cash
equal to 100% of the principal amount thereof plus accrued and unpaid interest,
if any, to the date of prepayment;

 

(ii)           the circumstances and relevant facts and financial
information regarding such Qualified Equity Issuance, and the maximum principal
amount of Loans that may be prepaid by the Borrower in the Qualified Equity
Issuance Offer; and

 

(iii)          the prepayment date, which must be no earlier than 30 days
nor later than 60 days from the date such notice is mailed, other than as may
be required by law (the “Qualified Equity Issuance
Payment Date”).

 

(c)           A Qualified Equity Issuance Offer may be made in advance of
a Qualified Equity Issuance and conditioned upon such Qualified Equity
Issuance, if a definitive agreement is in place for the Qualified Equity
Issuance at the time of making the Qualified Equity Issuance Offer.

 

 

ARTICLE VI

 

EVENTS OF DEFAULT

 

Section 6.1            Events of Default

 

Each of the following events shall
be an “Event of Default”:

 

(a)           the
Borrower defaults in the payment of any interest on any Loan when it becomes
due and payable and continuance of such default for a period of 30 days;

 

66

 

(b)           the
Borrower defaults in the payment of the principal of or premium, if any, on any
Loan at its maturity (upon acceleration, optional prepayment, required
prepayment or otherwise);

 

(c)           the
Borrower fails to comply with the covenants described under Section 5.4 (Merger,
Consolidation or Sale of All or Substantially All Assets);

 

(d)           default
in the performance, or breach, of any covenant or warranty of the Borrower
contained in this Agreement (other than a default in the performance, or
breach, of a covenant or warranty which is specifically dealt with in clause
(a), (b) or (c) above) and continuance of such default or breach for
a period of 60 days after written notice shall have been given to the Borrower
by the Administrative Agent or to the Borrower and the Administrative Agent by
the holders of at least 25% in aggregate principal amount of the Loans then
outstanding;

 

(e)           (i) one
or more defaults in the payment of principal of or premium, if any, on
Indebtedness of the Borrower or any Significant Subsidiary, aggregating
$5.0 million or more, when the same becomes due and payable at the Stated
Maturity thereof, and such default or defaults shall have continued after any
applicable grace period and shall not have been cured or waived or (ii) Indebtedness
of the Borrower or any Significant Subsidiary aggregating $5.0 million or
more shall have been accelerated or otherwise declared due and payable, or
required to be prepaid or repurchased (other than by regularly scheduled
prepayment) prior to the Stated Maturity thereof;

 

(f)            any
holder of any Indebtedness in excess of $5.0 million in the aggregate of
the Borrower or any Significant Subsidiary shall notify the Administrative
Agent of the intended sale or disposition of any assets of the Borrower or any
Significant Subsidiary that have been pledged to or for the benefit of such
Person to secure such Indebtedness or shall commence proceedings, or take
action (including by way of set-off) to retain in satisfaction of any such
Indebtedness, or to collect on, seize, dispose of or apply, any such asset of
the Borrower or any Significant Subsidiary pursuant to the terms of any
agreement or instrument evidencing any such Indebtedness of the Borrower or any
Significant Subsidiary or in accordance with applicable law;

 

(g)           one
or more final judgments or orders shall be rendered against the Borrower or any
Significant Subsidiary for the payment of money, either individually or in an
aggregate amount, in excess of $5.0 million and shall not be discharged
and either (i) an enforcement proceeding shall have been commenced by any
creditor upon such judgment or order or (ii) there shall have been a
period of 60 consecutive days during which a stay of enforcement of such
judgment or order, by reason of a pending appeal or otherwise, was not in
effect;

 

(h)           the
Borrower or any Significant Subsidiary pursuant to or under or within the
meaning of any Bankruptcy Law:

 

(i)            commences
a voluntary case or proceeding;

 

67

 

(ii)           consents
to the entry of a Bankruptcy Order in an involuntary case or proceeding or the
commencement of any case against it;

 

(iii)          consents
to the appointment of a Custodian of it or for any substantial part of its
property;

 

(iv)          makes
a general assignment for the benefit of its creditors or files a proposal or
other scheme of arrangement involving the rescheduling or composition of its
indebtedness;

 

(v)           files
a petition in bankruptcy or an answer or consent seeking reorganization or
relief; or

 

(vi)          consents
to the filing of such petition in bankruptcy or the appointment of or taking
possession by a Custodian; or

 

(i)            a
court of competent jurisdiction in any involuntary case or proceeding enters a
Bankruptcy Order against the Borrower or any Significant Subsidiary, and such
Bankruptcy Order remains unstayed and in effect for 60 consecutive days; or

 

(j)            a
Custodian shall be appointed out of court with respect to the Borrower or any
Significant Subsidiary, or with respect to all or any substantial part of the
property of the Borrower or any Significant Subsidiary.

 

Section 6.2            Remedies

 

(a)           If an Event of Default (other than an Event of Default
specified in clause (h), (i) or (j) of Section 6.1
(Events of Default)) shall occur and be continuing, the
Administrative Agent or the holders of not less than 25% in principal amount of
the Loans then outstanding may declare the principal of all Loans due and
payable.

 

(b)           If an Event of Default specified in clause (h), (i) or (j) of
Section 6.1 (Events of Default)
occurs and is continuing, then the principal of all the Loans shall become due
and payable without any declaration or other act on the part of the
Administrative Agent or any holder of Loans.

 

Section 6.3            [Reserved]

 

Section 6.4            Rescission

 

After a declaration of acceleration,
but before a judgment or decree for payment of the money due has been obtained
by the Administrative Agent, the holders of a majority in principal amount of
the outstanding Loans, by written notice to the Borrower and the Administrative
Agent, may rescind and annul such declaration and its consequences if:

 

(a)           the Borrower has paid or deposited, or caused to be paid or
deposited, with the Administrative Agent a sum sufficient to pay (i) all
sums paid or

 

68

 

advanced
by the Administrative Agent under this Agreement and the reasonable
compensation, expenses, disbursements and advances of the Administrative Agent,
its agents and counsel, (ii) all overdue interest on all Loans,
(iii) the principal of and premium, if any, on any Loans that has become
due otherwise than by such declaration of acceleration and interest thereon at
the rate borne by the Loans, and (iv) to the extent that payment of such
interest is lawful, interest upon overdue interest at the rate borne by the
Loans; and

 

(b)           all Events of Default, other than the non-payment of
principal of the Loans which have become due solely by such declaration of
acceleration, have been cured or waived.

 

Notwithstanding the preceding
paragraph, in the event of a declaration of acceleration in respect of the
Loans because an Event of Default specified in clause (e) of Section 6.1
(Events of Default) shall have occurred and be continuing, such declaration of
acceleration shall be automatically annulled if the Indebtedness that is the
subject of such Event of Default (1) is Indebtedness in the form of an
operating lease entered into by the Borrower or its Subsidiaries after May 21,
1998 and required to be reflected on a consolidated balance sheet pursuant to
EITF 97-10 or any subsequent pronouncement having similar effect, (2) has
been discharged or the holders thereof have rescinded their declaration of
acceleration in respect of such Indebtedness, and (3) written notice of
such discharge or rescission, as the case may be, shall have been given to the
Administrative Agent by the Borrower and countersigned by the holders of such
Indebtedness or a trustee, fiduciary or agent for such holders, within 30 days
after such declaration of acceleration in respect of the notes, and no other
Event of Default has occurred during such 30 day period which has not been
cured or waived during such period.

 

Section 6.5            Waiver of Past Defaults

 

Subject to Section 6.2
(Remedies), the Lenders holding a majority in aggregate principal
amount of the Loans then outstanding by notice to the Administrative Agent may
waive an existing Default and its consequences except:

 

(a)           a Default in the payment of the principal of or interest on
a Loan, or

 

(b)           a Default in respect of a provision that under Section 8.1 (Amendments, Waivers, Etc.) cannot be
amended without the consent of each Lender affected.

 

When a Default is waived, it is
deemed cured, but no such waiver shall extend to any subsequent or other
Default or impair any consequent right.

 

Section 6.6            Control By Majority

 

The Lenders holding a majority in
aggregate principal amount of the Loans then outstanding may direct the time,
method and place of conducting any proceeding for any

 

69

 

remedy available to the
Administrative Agent or of exercising any trust or power conferred on the
Administrative Agent with respect to the Loans. 
However, the Administrative Agent may refuse to follow any direction that
conflicts with law or this Agreement or, subject to Section 7.1
(Authorization and Action), that the Administrative Agent determines
is unduly prejudicial to the rights of other Lenders or would involve the
Administrative Agent in personal liability; provided, however, that the Administrative Agent may take any other
action deemed proper by the Administrative Agent that is not inconsistent with
such direction.  Prior to taking any
action hereunder, the Administrative Agent shall be entitled to reasonable
indemnification against all losses and expenses caused by taking or not taking
such action.

 

Section 6.7            Limitation on Suits

 

A Lender may not pursue any remedy
with respect to this Agreement or the Loans unless:

 

(a)           such Lender shall have previously given to the
Administrative Agent written notice of a continuing Event of Default;

 

(b)           the Lenders holding at least 25% in aggregate principal
amount of the Loans then outstanding shall have made a written request to the
Administrative Agent to pursue the remedy,

 

(c)           such Lender or Lenders shall have offered to the
Administrative Agent reasonable security or indemnity satisfactory to it
against any loss, liability or expense, to the Administrative Agent to pursue
such proceeding; and

 

(d)           the Administrative Agent has failed to institute such
proceeding and has not received from the Lenders holding at least a majority in
aggregate principal amount of the Loans outstanding a direction inconsistent
with such request, within 60 days after such notice, request and offer.

 

The foregoing limitations on the
pursuit of remedies by a Lender shall not apply to a suit instituted by a
Lender for the enforcement of payment of the principal of or interest on such
Loan on or after the applicable due date specified in this Agreement. A Lender
may not use this Agreement to prejudice the rights of another Lender or to
obtain a preference or priority over another Lender.

 

Section 6.8            Rights of Lender to Receive Payment

 

Notwithstanding any other provision
of this Agreement, the right of any Lender to receive payment of principal of
and interest on the Loans held by such Lender, on or after the respective due
dates expressed in this Agreement, or to bring suit for the enforcement of any
such payment on or after such respective dates, shall not be impaired or affected
without the consent of such Lender.

 

70

 

ARTICLE VII

 

THE ADMINISTRATIVE AGENT

 

Section 7.1            Authorization and Action

 

(a)           Each Lender hereby appoints JPMorgan as the Administrative
Agent hereunder and each Lender authorizes the Administrative Agent to take
such action as agent on its behalf and to exercise such powers under this
Agreement and the other Loan Documents as are delegated to the Administrative
Agent under such agreements and to exercise such powers as are reasonably
incidental thereto.  Without limiting the
foregoing, each Lender hereby authorizes the Administrative Agent to execute
and deliver, and to perform its obligations under, each of the Loan Documents
to which the Administrative Agent is a party, to exercise all rights, powers
and remedies that the Administrative Agent may have under such Loan Documents.

 

(b)           As to any matters not expressly provided for by this
Agreement and the other Loan Documents (including enforcement or collection), the
Administrative Agent shall not be required to exercise any discretion or take
any action, but shall be required to act or to refrain from acting (and shall
be fully protected in so acting or refraining from acting) upon the
instructions of the Requisite Lenders, and such instructions shall be binding
upon all Lenders; provided, however, that the Administrative Agent
shall not be required to take any action that (i) the Administrative Agent
in good faith believes exposes it to personal liability unless the
Administrative Agent receives an indemnification satisfactory to it from the
Lenders with respect to such action or (ii) is contrary to this Agreement
or applicable law.  The Administrative
Agent agrees to give to each Lender, if applicable, prompt notice of each
notice given to it by the Borrower pursuant to the terms of this Agreement or
the other Loan Documents.

 

(c)           In performing its functions and duties hereunder and under
the other Loan Documents, the Administrative Agent is acting solely on behalf of
the Lenders except to the limited extent provided in Section 2.7(b), and its duties are entirely
administrative in nature.  The
Administrative Agent does not assume and shall not be deemed to have assumed
any obligation other than as expressly set forth herein and in the other Loan
Documents or any other relationship as the agent, fiduciary or trustee of or
for any Lender or holder of any other Obligation.  The Administrative Agent may perform any of
its duties under any Loan Document by or through its agents or employees.

 

(d)           The Arranger shall not have any obligations or duties
whatsoever in such capacity under this Agreement or any other Loan Document and
shall incur no liability hereunder or thereunder in such capacity.

 

Section 7.2            The Administrative Agent’s Reliance, Etc.

 

None of the Administrative Agent or
any of its Affiliates, directors, officers, agents or employees shall be liable
for any action taken or omitted to be taken by it, him, her or

 

71

 

them under or in connection with
this Agreement or the other Loan Documents, except for its, his, her or their
own gross negligence or willful misconduct. 
Without limiting the foregoing, the Administrative Agent (a) may
treat the payee of any Note as its holder until such Note has been assigned in
accordance with Section 8.2(e) (Assignments
and Participations), (b) may rely on the Register to the extent
set forth in Section 2.7 (Evidence of
Debt), (c) may consult with legal counsel (including counsel to
the Borrower), independent public accountants and other experts selected by it
and shall not be liable for any action taken or omitted to be taken in good
faith by it in accordance with the advice of such counsel, accountants or
experts, (d) makes no warranty or representation to any Lender and shall
not be responsible to any Lender for any statements, warranties or
representations made by or on behalf of the Borrower or any of its Subsidiaries
in or in connection with this Agreement or any other Loan Document, (e) shall
not have any duty to ascertain or to inquire either as to the performance or
observance of any term, covenant or condition of this Agreement or any other
Loan Document, as to the financial condition of the Borrower or as to the
existence or possible existence of any Default or Event of Default,
(f) shall not be responsible to any Lender for the due execution,
legality, validity, enforceability, genuineness, sufficiency or value of, or
the attachment, perfection or priority of any Lien created or purported to be
created under or in connection with, this Agreement, any other Loan Document or
any other instrument or document furnished pursuant hereto or thereto and (g) shall
incur no liability under or in respect of this Agreement or any other Loan
Document by acting upon any notice, consent, certificate or other instrument or
writing (which writing may be a telecopy or electronic mail) or any telephone
message believed by it to be genuine and signed or sent by the proper party or
parties.

 

Section 7.3            Posting of Approved Electronic Communications

 

(a)           Each of the Lenders and the Borrower agree that the
Administrative Agent may, but shall not be obligated to, make the Approved
Electronic Communications available to the Lenders by posting such Approved
Electronic Communications on IntraLinksTM or a substantially similar electronic
platform chosen by the Administrative Agent to be its electronic transmission
system (the “Approved Electronic Platform”).

 

(b)           Although the Approved Electronic Platform and its primary
web portal are secured with generally-applicable security procedures and
policies implemented or modified by the Administrative Agent from time to time
(including, as of the Closing Date, a dual firewall and a User ID/Password
Authorization System) and the Approved Electronic Platform is secured through a
single-user-per-deal authorization method whereby each user may access the
Approved Electronic Platform only on a deal-by-deal basis, each of the Lenders
and the Borrower acknowledges and agrees that the distribution of material
through an electronic medium is not necessarily secure and that there are
confidentiality and other risks associated with such distribution.  In consideration for the convenience and
other benefits afforded by such distribution and for the other consideration
provided hereunder, the receipt and sufficiency of which is hereby
acknowledged, each of the Lenders and the Borrower hereby approves distribution
of the

 

72

 

Approved
Electronic Communications through the Approved Electronic Platform and
understands and assumes the risks of such distribution.

 

(c)           THE APPROVED ELECTRONIC PLATFORM AND THE APPROVED
ELECTRONIC COMMUNICATIONS ARE PROVIDED “AS
IS” AND “AS AVAILABLE”.  NEITHER THE ADMINISTRATIVE AGENT OR ANY OF
ITS AFFILIATES OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES,
AGENTS, ADVISORS OR REPRESENTATIVES (THE “AGENT
AFFILIATES”) WARRANT THE ACCURACY, ADEQUACY OR COMPLETENESS OF THE
APPROVED ELECTRONIC COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM AND
EACH EXPRESSLY DISCLAIMS LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED
ELECTRONIC PLATFORM AND THE APPROVED ELECTRONIC COMMUNICATIONS.  NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED
OR STATUTORY, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD
PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE
AGENT AFFILIATES IN CONNECTION WITH THE APPROVED ELECTRONIC PLATFORM OR
THE APPROVED ELECTRONIC COMMUNICATIONS.

 

(d)           Each of the Lenders and the Borrower agree that the
Administrative Agent may, but (except as may be required by applicable law)
shall not be obligated to, store the Approved Electronic Communications on the
Approved Electronic Platform in accordance with the Administrative Agent’s
generally-applicable document retention procedures and policies.

 

Section 7.4            The Administrative Agent Individually

 

With respect to its Ratable Portion,
the Administrative Agent shall have and may exercise the same rights and powers
hereunder and is subject to the same obligations and liabilities as and to the
extent set forth herein for any other Lender. 
The terms “Lenders”, “Requisite Lenders” and any similar terms
shall, unless the context clearly otherwise indicates, include, without
limitation, the Administrative Agent in its individual capacity as a Lender or
as one of the Requisite Lenders. 
JPMorgan and its respective Affiliates may accept deposits from, lend
money to, and generally engage in any kind of banking, trust or other business
with, the Borrower as if JPMorgan were not acting as the Administrative Agent.

 

Section 7.5            Lender Credit Decision

 

Each Lender acknowledges that it
shall, independently and without reliance upon the Administrative Agent or any
other Lender, conduct its own independent investigation of the financial
condition and affairs of the Borrower in connection with the making and
continuance of the Loans.  Each Lender
also acknowledges that it shall, independently and without reliance upon the
Administrative Agent or any other Lender and based on such documents and
information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under this Agreement and other
Loan Documents.  Except for the documents
expressly required by any Loan Document to be transmitted by the Administrative
Agent to the Lenders, the Administrative Agent shall not

 

73

 

have any duty or responsibility to
provide any Lender with any credit or other information concerning the
business, prospects, operations, property, financial or other condition or
creditworthiness of the Borrower or any Affiliate of the Borrower that may come
into the possession of the Administrative Agent or any Affiliate thereof or any
employee or agent of any of the foregoing.

 

Section 7.6            Indemnification

 

Each Lender agrees to indemnify the
Administrative Agent and each of its Affiliates, and each of their respective
directors, officers, employees, agents and advisors (to the extent not
reimbursed by the Borrower and without limiting their obligation to do so),
from and against such Lender’s aggregate Ratable Portion of any and all
liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses and disbursements (including reasonable fees, expenses
and disbursements of financial and legal advisors) of any kind or nature
whatsoever that may be imposed on, incurred by, or asserted against, the
Administrative Agent or any of its Affiliates, directors, officers, employees,
agents and advisors in any way relating to or arising out of this Agreement or
the other Loan Documents or any action taken or omitted by the Administrative
Agent under this Agreement or the other Loan Documents; provided, however,
that no Lender shall be liable for any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements resulting from the Administrative Agent’s or such
Affiliate’s gross negligence or willful misconduct.  Without limiting the foregoing, each Lender
agrees to reimburse the Administrative Agent promptly upon demand for its
ratable share of any out-of-pocket expenses (including reasonable fees,
expenses and disbursements of financial and legal advisors) incurred by the
Administrative Agent in connection with the preparation, execution, delivery,
administration, modification, amendment or enforcement (whether through
negotiations, legal proceedings or otherwise) of, or legal advice in respect of
its rights or responsibilities under, this Agreement or the other Loan
Documents, to the extent that the Administrative Agent is not reimbursed for
such expenses by the Borrower.

 

Section 7.7            Successor Agents

 

The Administrative Agent may resign
at any time by giving 30 days’ prior written notice thereof to the Lenders and
the Borrower.  Upon any such resignation,
the Requisite Lenders shall have the right to appoint a successor Agent.  If no successor Agent shall have been so
appointed by the Requisite Lenders, and shall have accepted such appointment,
within 30 days after the retiring Agent’s giving of notice of resignation, then
the retiring Agent may, on behalf of the Lenders, appoint a successor Agent,
selected from among the Lenders.  In
either case, such appointment shall be subject to the prior written approval of
the Borrower (which approval may not be unreasonably withheld and shall not be
required upon the occurrence and during the continuance of an Event of
Default).  Upon the acceptance of any
appointment as Agent by a successor Agent, such successor Agent shall succeed
to, and become vested with, all the rights, powers, privileges and duties of
the retiring Agent, and the retiring Agent shall be discharged from its duties
and obligations under this Agreement and the other Loan Documents.  Prior to any retiring

 

74

 

Agent’s resignation hereunder as
Agent, the retiring Agent shall take such action as may be reasonably necessary
to assign to the successor Agent its rights as Agent under the Loan
Documents.  After such resignation, the
retiring Agent shall continue to have the benefit of this Article VII as to any actions taken
or omitted to be taken by it while it was Agent under this Agreement and the
other Loan Documents.

 

ARTICLE VIII

 

MISCELLANEOUS

 

Section 8.1            Amendments, Waivers, Etc.

 

(a)           Subject to clause (e) of this Section 8.1
(Amendments, Waivers, Etc.), no amendment or waiver of any
provision of this Agreement or any other Loan Document (other than the Fee
Letter) nor consent to any departure by the Borrower therefrom shall in any
event be effective unless the same shall be in writing and (x) in the case
of any such waiver or consent, signed by the Requisite Lenders (or by the
Administrative Agent with the consent of the Requisite Lenders) and (y) in
the case of any other amendment, by the Requisite Lenders (or by the
Administrative Agent with the consent of the Requisite Lenders) and the
Borrower, except that:

 

(i)            the consent of each Lender directly affected thereby shall
be required with respect to:

 

(A)          reductions in the amount or extensions of the scheduled date
of maturity of any Loan;

 

(B)           reductions
in the rate of interest or any fee or extensions of any due date thereof;

 

(C)           increases
in the amount or extensions of the expiry date of any Lender’s commitment;

 

(D)          reductions in the principal amount of the Loans whose
Lenders must consent to an amendment;

 

(E)           reductions
in the amount of any premium payable upon the prepayment of the Loans or
changes to the time at which the Loans may be prepaid in accordance with Section 2.8 (Optional Prepayments);

 

(F)           any
amendments that would make any Loan payable in money other than as stated in
this Agreement;

 

(G)           any
amendments that would expressly subordinate the Loans to any other
Indebtedness; and

 

75

 

(H)          any amendment that would impair the right of any Lender to
receive payment of principal of or premium, if any, and interest on such Lender’s
Loans on or after the due dates therefor or to institute suit for the
enforcement of any payment on or with respect to such Lender’s Loans; and

 

(ii)           the consent of 100% of the Lenders shall be required to make
any changes to Sections 6.5 (Waiver of Past Defaults)
or 6.8 (Rights of Lender to Receive Payment)
or clause (i) of this Section 8.1(a) or the definition of the terms “Requisite
Lenders,” or any other provision hereof specifying the number or percentage of
Lenders required to waive, amend or modify any rights hereunder or make any
determination or grant any consent hereunder, without the prior written consent
of each Lender adversely affected thereby.

 

(b)           Without the consent of or notice to any Lender, the Borrower
and Administrative Agent may amend this Agreement to:

 

(i)            cure any ambiguity, omission, defect or inconsistency,

 

(ii)           provide for the assumption by a successor company of the
obligations of the Borrower under this Agreement and the Loans,

 

(iii)          to
add a guarantee with respect to the Loans or to secure the Loans,

 

(iv)          to add assets as collateral or to release collateral from
any Lien pursuant to this Agreement when permitted or required by this
Agreement,

 

(v)           to add to the covenants of the Borrower for the benefit of
the Lenders or to surrender any right or power herein conferred upon the
Borrower,

 

(vi)          to make any change that does not adversely affect the rights
of any Lender,

 

(vii)         to
effect any provision of this Agreement,

 

(viii)        to
evidence and process for the acceptance and appointment under this Agreement of
a successor Administrative Agent, and

 

(ix)           to
provide for the accession of the Administrative Agent to any instrument in
connection with the Loans.

 

Each Lender hereunder (x) consents
to the amendment of this Agreement in the manner and for the purposes set forth
in this Section 8.1(b), (y) agrees
that it will be bound by and will take no actions contrary to the provisions of
any amendment to this Agreement pursuant to Section 8.1(b) and
(z) authorizes and instructs the Administrative Agent to

 

76

 

enter into any amendment to this
Agreement pursuant to this Section 8.1(b) on
behalf of such Lender.

 

(c)           The consent of the Lenders is not necessary under this
Agreement to approve the particular form of any proposed amendment.  It is sufficient if such consent approves the
substance of the proposed amendment. 
After an amendment under this Agreement becomes effective, the Borrower
shall mail to the respective Lenders a notice briefly describing such
amendment.  However, the failure to give
such notice to all Lenders entitled to receive such notice, or any defect
therein, will not impair or affect the validity of the amendment.

 

(d)           The Administrative Agent may, but shall have no obligation
to, with the written concurrence of any Lender, execute amendments,
modifications, waivers or consents on behalf of such Lender.  Any waiver or consent shall be effective only
in the specific instance and for the specific purpose for which it was given.  No notice to or demand on the Borrower in any
case shall entitle the Borrower to any other or further notice or demand in
similar or other circumstances.

 

(e)           If, in connection with any proposed amendment, modification,
waiver or termination requiring the consent of all Lenders, the consent of
Requisite Lenders is obtained but the consent of any Lender whose consent is
required is not obtained (any such Lender whose consent is not obtained as
described in this Section 8.1
being referred to as a “Non-Consenting
Lender”), then, at the Borrower’s request, an Eligible Assignee
reasonably acceptable to the Administrative Agent shall have the right to
purchase from such Non-Consenting Lender, and such Non-Consenting Lender agrees
that it shall, upon the Administrative Agent’s request, sell and assign to the
Lender acting as the Administrative Agent or such Eligible Assignee, all of the
Loans of such Non-Consenting Lender, in each case, for an amount equal to the
principal balance of all such Loans held by the Non-Consenting Lender and all
accrued and unpaid interest and fees with respect thereto through the date of
sale; provided, however, that such purchase and sale shall
be recorded in the Register maintained by the Administrative Agent and not be
effective until (x) the Administrative Agent shall have received from such
Eligible Assignee an agreement in form and substance reasonably satisfactory to
the Administrative Agent and the Borrower whereby such Eligible Assignee shall
agree to be bound by the terms hereof and (y) such Non-Consenting Lender
shall have received payments of all Loans held by it and all accrued and unpaid
interest and fees with respect thereto through the date of the sale.  Each Lender agrees that, if it becomes a
Non-Consenting Lender, it shall execute and deliver to the Administrative Agent
an Assignment and Acceptance to evidence such sale and purchase and shall
deliver to the Administrative Agent any Note (if the assigning Lender’s Loans
are evidenced by Notes) subject to such Assignment and Acceptance; provided, however,
that the failure of any Non-Consenting Lender to execute an Assignment and
Acceptance shall not render such sale and purchase (and the corresponding
assignment) invalid and such assignment shall be recorded in the Register.

 

(f)            The provisions under Section 5.11 (Change
of Control) and clause (a) of
Section 2.9 (Mandatory Prepayments)
relating to the Borrower’s obligation to make

 

77

 

an offer
to prepay the Loans as a result of a Change of Control may be waived or
modified with the written consent of the Lenders of a majority in principal
amount of the Loans.

 

(g)           The provisions under Section 5.18
(Qualified Equity Issuance) and clause (b) of
Section 2.9 (Mandatory Prepayments) relating
to the Borrower’s obligation to make an offer to prepay the Loans as a result
of a Qualified Equity Issuance may be waived or modified with the written
consent of the lenders of a majority in principal amount of the Loans.

 

Section 8.2            Assignments and Participations

 

(a)           Each Lender may sell, transfer, negotiate or assign to one
or more Eligible Assignees all or a portion of its rights and obligations
hereunder (including all of its rights and obligations with respect to the
Loans); provided, however, that (i) if any such
assignment shall be of the assigning Lender’s Loans and Commitments, such
assignment shall cover the same percentage of such Lender’s Loans and
Commitments, (ii) the aggregate amount being assigned pursuant to each
such assignment (determined as of the date of the Assignment and Acceptance
with respect to such assignment) shall in no event (if less than the assignor’s
entire interest) be less than $1,000,000 or an integral multiple of $1,000,000
in excess thereof, except, in either case, (A) with the consent of the
Borrower and the Administrative Agent or (B) if such assignment is being
made to a Lender or an Affiliate or Approved Fund of a Lender, and
(iii) if such Eligible Assignee is not, prior to the date of such
assignment, a Lender or an Affiliate or Approved Fund of a Lender, such
assignment shall be subject to the prior consent of the Administrative Agent
and the Borrower; provided, further, that, notwithstanding any other
provision of this Section 8.2,
the consent of the Borrower shall not be required for any assignment occurring
when any Event of Default under Section 6.1(a),
(b), (h), (i) or (j) shall
have occurred and be continuing.

 

(b)           The parties to each such assignment shall execute and
deliver to the Administrative Agent, for its acceptance and recording in the
Register, an Assignment and Acceptance, together with any Note (if the
assigning Lender’s Loans are evidenced by a Note) subject to such
assignment.  Upon the execution,
delivery, acceptance and recording in the Register of any Assignment and
Acceptance and, other than in respect of assignments made pursuant to Section 2.17 (Substitution of Lenders)
and Section 8.1(e) (Amendments,
Waivers, Etc.), the receipt by the Administrative Agent from
the assignee of an assignment fee in the amount of $3,500 from and after the
effective date specified in such Assignment and Acceptance, (i) the
assignee thereunder shall become a party hereto and, to the extent that rights
and obligations under the Loan Documents have been assigned to such assignee
pursuant to such Assignment and Acceptance, have the rights and obligations of
a Lender, (ii) the Notes (if any) corresponding to the Loans assigned
thereby shall be transferred to such assignee by notation in the Register and
(iii) the assignor thereunder shall, to the extent that rights and obligations
under this Agreement have been assigned by it pursuant to such Assignment and
Acceptance, relinquish its rights (except for those surviving the payment in
full of the Obligations) and be released from its obligations under the Loan
Documents, other than those relating to events or circumstances

 

78

 

occurring
prior to such assignment (and, in the case of an Assignment and Acceptance
covering all or the remaining portion of an assigning Lender’s rights and
obligations under the Loan Documents, such Lender shall cease to be a party
hereto).

 

(c)           The Administrative Agent shall maintain at its address
referred to in Section 8.8 (Notices, Etc.)
a copy of each Assignment and Acceptance delivered to and accepted by it and
shall record in the Register the names and addresses of the Lenders and the
principal amount of the Loans owing to each Lender from time to time and the
Commitments of each Lender.  Any
assignment pursuant to this Section 8.2
shall not be effective until such assignment is recorded in the Register.

 

(d)           Upon its receipt of an Assignment and Acceptance executed by
an assigning Lender and an assignee, the Administrative Agent shall, if such
Assignment and Acceptance has been completed, (i) accept such Assignment
and Acceptance, (ii) record or cause to be recorded the information
contained therein in the Register and (iii) give prompt notice thereof to
the Borrower.  Within five Business Days
after its receipt of such notice, the Borrower, at its own expense, shall, if
requested by such assignee, execute and deliver to the Administrative Agent new
Notes to the order of such assignee in an amount equal to the Commitments and
Loans assumed by it pursuant to such Assignment and Acceptance and, if the assigning
Lender has surrendered any Note for exchange in connection with the assignment
and has retained Commitments or Loans hereunder, new Notes to the order of the
assigning Lender in an amount equal to the Commitments and Loans retained by it
hereunder.  Such new Notes shall be dated
the same date as the surrendered Notes and be in substantially the form of Exhibit B (Form of Note).

 

(e)           In addition to the other assignment rights provided in this Section 8.2, each Lender may do each
of the following:

 

(i)            grant to a Special Purpose Vehicle the option to make all or
any part of any Loan that such Lender would otherwise be required to make
hereunder and the exercise of such option by any such Special Purpose Vehicle
and the making of Loans pursuant thereto shall satisfy (once and to the extent
that such Loans are made) the obligation of such Lender to make such Loans
thereunder; provided, however, that (x) nothing herein
shall constitute a commitment or an offer to commit by such a Special Purpose
Vehicle to make Loans hereunder and no such Special Purpose Vehicle shall be
liable for any indemnity or other Obligation (other than the making of Loans
for which such Special Purpose Vehicle shall have exercised an option, and then
only in accordance with the relevant option agreement) and (y) such Lender’s
obligations under the Loan Documents shall remain unchanged, such Lender shall
remain responsible to the other parties for the performance of its obligations
under the terms of this Agreement and shall remain the holder of the
Obligations for all purposes hereunder; and

 

(ii)           assign, as collateral or otherwise, any of its rights under
this Agreement, whether now owned or hereafter acquired (including rights to
payments of principal or interest on the Loans), to (A) without notice to
or consent

 

79

 

of
the Administrative Agent or the Borrower, any Federal Reserve Bank (pursuant to
Regulation A of the Federal Reserve Board) and (B) without notice to or
consent of the Administrative Agent or the Borrower, (1) any holder of, or
trustee or other representative for the benefit of, the holders of such Lender’s
Securities and (2) any Special Purpose Vehicle to which such Lender has
granted an option pursuant to clause (i) above;

 

provided, however,
that no such assignment or grant shall release such Lender from any of its
obligations hereunder except as expressly provided in clause (i) above and except, in the
case of a subsequent foreclosure pursuant to an assignment as collateral, if
such foreclosure is made in compliance with the other provisions of this Section 8.2 other than this clause (e) or clause (f) below.  Each party hereto acknowledges and agrees
that, prior to the date that is one year and one day after the payment in full
of all outstanding commercial paper or other senior debt of any such Special
Purpose Vehicle, such party shall not institute against, or join any other
Person in instituting against, any Special Purpose Vehicle that has been
granted an option pursuant to this clause (e) any
bankruptcy, reorganization, insolvency or liquidation proceeding (such
agreement shall survive the payment in full of the Obligations).  The terms of the designation of, or
assignment to, such Special Purpose Vehicle shall not restrict such Lender’s
ability to, or grant such Special Purpose Vehicle the right to, consent to any
amendment or waiver to this Agreement or any other Loan Document or to the
departure by the Borrower from any provision of this Agreement or any other Loan
Document without the consent of such Special Purpose Vehicle except, as long as
the Administrative Agent and the Lenders shall continue to, and shall be
entitled to continue to, deal solely and directly with such Lender in
connection with such Lender’s obligations under this Agreement, to the extent
any such consent would reduce the principal amount of, or the rate of interest
on, any Obligations, amend this clause (e) or
postpone any scheduled date of payment of such principal or interest.  Each Special Purpose Vehicle shall be
entitled to the benefits of Sections 2.15
(Capital Adequacy) and 2.16
(Taxes) and of 2.14(d) (Illegality)
as if it were such Lender; provided,
however, that anything herein to
the contrary notwithstanding, no Borrower shall, at any time, be obligated to
make any payment under Section 2.15
(Capital Adequacy), 2.16 (Taxes)
or 2.14(d) (Illegality) to any such Special
Purpose Vehicle and any such Lender in excess of the amount the Borrower would
have been obligated to pay to such Lender in respect of such interest if such
Special Purpose Vehicle had not been assigned the rights of such Lender
hereunder; and provided, further, that such Special Purpose Vehicle
shall have no direct right to enforce any of the terms of this Agreement against
the Borrower, the Administrative Agent or the other Lenders.

 

(f)            Each Lender may sell participations to one or more Persons
(except to the Persons designated by the Borrower in writing to the
Administrative Agent on or prior to the Closing Date) in or to all or a portion
of its rights and obligations under the Loan Documents (including all its
rights and obligations with respect to the Loans).  The terms of such participation shall not, in
any event, require the participant’s consent to any amendments, waivers or
other modifications of any provision of any Loan Documents, the consent to any
departure by the Borrower therefrom, or to the exercising or refraining from

 

80

 

exercising
any powers or rights such Lender may have under or in respect of the Loan
Documents (including the right to enforce the obligations of the Borrower),
except if any such amendment, waiver or other modification or consent (a) increases
the commitments of such participant, (b) reduces the principal, interest
or fees payable to such participant, and (c) extends the final maturity of
the Loans or commitments in which such participant participates.  In the event of the sale of any participation
by any Lender, (w) such Lender’s obligations under the Loan Documents
shall remain unchanged, (x) such Lender shall remain solely responsible to
the other parties for the performance of such obligations, (y) such Lender
shall remain the holder of such Obligations for all purposes of this Agreement
and (z) the Borrower, the Administrative Agent and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement.  Each participant shall be entitled to the
benefits of Sections 2.15 (Capital Adequacy)
and 2.16 (Taxes) and of 2.14(d) (Illegality) as if it were a
Lender; provided, however, that anything herein to the contrary
notwithstanding, the Borrower shall not, at any time, be obligated to make any
payment under Section 2.15 (Capital
Adequacy), 2.16 (Taxes)
or 2.14(d) (Illegality) to
the participants in the rights and obligations of any Lender (together with
such Lender) in excess of the amount the Borrower would have been obligated to
pay to such Lender in respect of such interest had such participation not been
sold; and provided, further, that such participant in the
rights and obligations of such Lender shall have no direct right to enforce any
of the terms of this Agreement against the Borrower, the Administrative Agent
or the other Lenders.

 

Section 8.3            Costs and Expenses

 

(a)           The Borrower agrees upon demand to pay, or reimburse the
Administrative Agent for, all of the Administrative Agent’s reasonable
out-of-pocket audit, legal, appraisal, valuation, filing, document duplication
and reproduction and investigation expenses and for all other reasonable
out-of-pocket costs and expenses of every type and nature (including the
reasonable fees, expenses and disbursements of the Administrative Agents’
counsel, Weil, Gotshal & Manges LLP, local legal counsel, auditors,
accountants, appraisers, printers, insurance and environmental advisors, and
other consultants and agents) incurred by the Administrative Agent in
connection with any of the following: (i) the Administrative Agent’s audit
and investigation of the Borrower and its Subsidiaries in connection with the
preparation, negotiation or execution of any Loan Document or the
Administrative Agent’s periodic audits of the Borrower or any of its
Subsidiaries, as the case may be, (ii) the preparation, negotiation,
execution or interpretation of this Agreement (including, without limitation,
the satisfaction or attempted satisfaction of any condition set forth in Article III (Conditions
to Loans)), any Loan
Document or any proposal letter or commitment letter issued in connection
therewith, or the making of the Loans hereunder, (iii) the creation,
perfection or protection of the Liens under any Loan Document (including any
reasonable fees, disbursements and expenses for local counsel in various
jurisdictions), (iv) the ongoing administration of this Agreement and the
Loans, including consultation with attorneys in connection therewith and with
respect to the Administrative Agent’s rights and responsibilities hereunder and
under the other Loan Documents, (v) the protection, collection or
enforcement of any

 

81

 

Obligation
or the enforcement of any Loan Document, (vi) the commencement, defense or
intervention in any court proceeding relating in any way to the Obligations,
the Borrower, any of the Borrower’s Subsidiaries, this Agreement or any other
Loan Document, (vii) the response to, and preparation for, any subpoena or
request for document production with which the Administrative Agent is served
or deposition or other proceeding in which the Administrative Agent is called
to testify, in each case, relating in any way to the Obligations, the Borrower,
any of the Borrower’s Subsidiaries, this Agreement or any other Loan Document
or (viii) any amendment, consent, waiver, assignment, restatement, or
supplement to any Loan Document or the preparation, negotiation and execution
of the same.

 

(b)           The Borrower further agrees to pay or reimburse the
Administrative Agent and each of the Lenders upon demand for all out-of-pocket
costs and expenses, including reasonable attorneys’ fees (including allocated
costs of internal counsel and costs of settlement), incurred by the
Administrative Agent or such Lenders in connection with any of the following: (i) in
enforcing any Loan Document or Obligation or any security therefor or
exercising or enforcing any other right or remedy available by reason of an
Event of Default, (ii) in connection with any refinancing or restructuring
of the credit arrangements provided hereunder in the nature of a “work-out” or in any insolvency or
bankruptcy proceeding, (iii) in commencing, defending or intervening in
any litigation or in filing a petition, complaint, answer, motion or other
pleadings in any legal proceeding relating to the Obligations, the Borrower,
any of the Borrower’s Subsidiaries and related to or arising out of the
transactions contemplated hereby or by any other Loan Document or (iv) in
taking any other action in or with respect to any suit or proceeding
(bankruptcy or otherwise) described in clause (i),
(ii) or (iii) above; provided,
however, that the Borrower’s obligations
under this paragraph (b) to pay or reimburse
the Administrative Agent and the Lenders for the expenses of counsel shall be
limited to one outside counsel to the Administrative Agent and one outside
counsel to the Lenders and, in each case, any reasonably appropriate local
counsel in each relevant jurisdiction, and if the interests of any Lender or
group of Lenders (other than all of the Lenders) are distinctly or
disproportionately affected, one additional outside counsel for such Lender or
group of Lenders.

 

Section 8.4            Indemnities

 

(a)           The Borrower agrees to indemnify and hold harmless the
Administrative Agent, Arranger, each Lender and each of their respective
Affiliates, and each of the directors, officers, employees, agents, trustees,
representatives, attorneys, consultants and advisors of or to any of the
foregoing (including those retained in connection with the satisfaction or
attempted satisfaction of any condition set forth in Article III (Conditions to Loans) (each such Person being an “Indemnitee”) from and against any and all
claims, damages, liabilities, obligations, losses, penalties, actions,
judgments, suits, costs, disbursements and expenses, joint or several, of any
kind or nature (including fees, disbursements and expenses of financial and
legal advisors to any such Indemnitee) that may be imposed on, incurred by or
asserted against any such Indemnitee in connection with or arising out of any
investigation, litigation or proceeding, whether or

 

82

 

not such
investigation, litigation or proceeding is brought by any such indemnitee or
any of its directors, security holders or creditors or any such Indemnitee,
director, security holder or creditor is a party thereto, whether direct,
indirect, or consequential and whether based on any federal, state or local law
or other statutory regulation, securities or commercial law or regulation, or
under common law or in equity, or on contract, tort or otherwise, in any manner
relating to or arising out of this Agreement, any other Loan Document, any
Obligation or any act, event or transaction related or attendant to any
thereof, or the use or intended use of the proceeds of the Loans or in
connection with any investigation of any potential matter covered hereby
(collectively, the “Indemnified Matters”);
provided, however, that the Borrower shall not have
any liability under this Section 8.4
to an Indemnitee with respect to any Indemnified Matter that has resulted
primarily from the gross negligence or willful misconduct of that Indemnitee,
as determined by a court of competent jurisdiction in a final non-appealable
judgment or order.  Without limiting the
foregoing, “Indemnified Matters”
include (i) all Environmental Liabilities and Costs arising from or
connected with the past, present or future operations of the Borrower or any of
its Subsidiaries involving any damage to real or personal property or natural
resources or harm or injury alleged to have resulted from any Release of
Contaminants on, upon or into such property or migrating from such property, (ii) any
costs or liabilities incurred in connection with any Remedial Action concerning
the Borrower or any of its Subsidiaries, (iii) any costs or liabilities
incurred in connection with any Environmental Lien on Real Property or any
asset owned or leased by the Borrower or any of its Subsidiaries and (iv) any
costs or liabilities concerning the Borrower or any of its Subsidiaries,
including their operations and owned or leased Real Property, incurred in
connection with any other matter under any Environmental Law, including the
Comprehensive Environmental Response, Compensation and Liability Act of 1980
(49 U.S.C. § 9601 et seq.) and
applicable state property transfer laws, whether, with respect to any such
matter, such Indemnitee is a mortgagee pursuant to any leasehold mortgage, a
mortgagee in possession, the successor in interest to the Borrower or any of
its Subsidiaries, or the owner, lessee or operator of any property of the
Borrower or any of its Subsidiaries by virtue of foreclosure, except, with
respect to those matters referred to in clauses
(i), (ii), (iii) and (iv) above, to the extent (x) incurred following
foreclosure by the Administrative Agent, any Lender, or the Administrative
Agent, any Lender having become the successor in interest to the Borrower or
any of its Subsidiaries and (y) to the extent attributable solely to acts
or omissions of the Administrative Agent, such Lender or any agent on behalf of
the Administrative Agent, such Lender or any other Indemnitee.

 

(b)           The Borrower shall indemnify the Administrative Agent,
Arranger, and each Lender for, and hold the Administrative Agent, Arranger, and
each Lender harmless from and against, any and all claims for brokerage
commissions, fees and other compensation made against the Administrative Agent,
the Arranger and the Lenders for any broker, finder or consultant with respect
to any agreement, arrangement or understanding made by or on behalf of the
Borrower or any of its Subsidiaries in connection with the transactions
contemplated by this Agreement.

 

83

 

(c)           The Borrower, at the request of any Indemnitee, shall have
the obligation to defend against any investigation, litigation or proceeding or
requested Remedial Action, in each case contemplated in clause (a) above, and the Borrower,
in any event, may participate in the defense thereof with legal counsel of the
Borrower’s choice.  In the event that
such Indemnitee requests the Borrower to defend against such investigation,
litigation or proceeding or requested Remedial Action, the Borrower shall
promptly do so and such Indemnitee shall have the right to have legal counsel
of its choice participate in such defense. 
No action taken by legal counsel chosen by such Indemnitee in defending
against any such investigation, litigation or proceeding or requested Remedial
Action, shall vitiate or in any way impair the Borrower’s obligation and duty
hereunder to indemnify and hold harmless such Indemnitee.

 

(d)           The Borrower agrees that any indemnification or other
protection provided to any Indemnitee pursuant to this Agreement (including
pursuant to this Section 8.4)
or any other Loan Document shall (i) survive payment in full of the
Obligations and (ii) inure to the benefit of any Person that was at any
time an Indemnitee under this Agreement or any other Loan Document.

 

Section 8.5            Limitation of Liability

 

(a)           The Borrower agrees that no Indemnitee shall have any
liability (whether in contract, tort or otherwise) to the Borrower or any of
its respective Subsidiaries or any of its respective equity holders or
creditors for or in connection with the transactions contemplated hereby and in
the other Loan Documents, except to the extent such liability is determined in
a final non-appealable judgment by a court of competent jurisdiction to have
resulted primarily from such Indemnitee’s gross negligence or willful
misconduct.  In no event, however, shall
any Indemnitee be liable on any theory of liability for any special, indirect,
consequential or punitive damages (including, without limitation, any loss of
profits, business or anticipated savings). 
The Borrower hereby waives, releases and agrees (each for itself and on
behalf of its Subsidiaries) not to sue upon any such claim for any special,
indirect, consequential or punitive damages, whether or not accrued and whether
or not known or suspected to exist in its favor.

 

(b)           IN NO EVENT SHALL ANY AGENT AFFILIATE HAVE ANY LIABILITY TO
ANY LOAN PARTY, LENDER OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND, INCLUDING
DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES
OR EXPENSES (WHETHER IN TORT OR CONTRACT OR OTHERWISE) ARISING OUT OF ANY LOAN
PARTY OR ANY AGENT AFFILIATE’S TRANSMISSION OF APPROVED ELECTRONIC
COMMUNICATIONS THROUGH THE INTERNET OR ANY USE OF THE APPROVED ELECTRONIC
PLATFORM, EXCEPT TO THE EXTENT SUCH LIABILITY OF ANY AGENT AFFILIATE IS FOUND
IN A FINAL NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE
RESULTED PRIMARILY FORM SUCH AGENT AFFILIATE’S GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT.

 

84

 

(c)           IN NO EVENT SHALL ANY DIRECTOR, OFFICER, EMPLOYEE, MANAGER, INCORPORATOR
OR HOLDER OF ANY EQUITY INTERESTS IN THE COMPANY OR ANY DIRECT OR INDIRECT
PARENT CORPORATION, AS SUCH, HAVE ANY LIABILITY FOR ANY OBLIGATIONS OF THE
BORROWER UNDER THE LOANS, THE LOAN AGREEMENT, OR FOR ANY CLAIM BASED ON, IN
RESPECT OF, OR BY REASON OF, SUCH OBLIGATIONS OR THEIR CREATION.  EACH LENDER BY MAKING A LOAN WAIVES AND
RELEASES ALL SUCH LIABILITY.  THE WAIVER
AND RELEASE ARE PART OF THE CONSIDERATION FOR ISSUANCE OF THE LOANS.

 

Section 8.6            Right of Set-off

 

Upon the occurrence and during the
continuance of any Event of Default each Lender and each Affiliate of a Lender
is hereby authorized at any time and from time to time, to the fullest extent
permitted by law, to set off and apply any and all deposits (general or
special, time or demand, provisional or final) at any time held and other
Indebtedness at any time owing by such Lender or its Affiliates to or for the
credit or the account of the Borrower against any and all of the Obligations
now or hereafter existing whether or not such Lender shall have made any demand
under this Agreement or any other Loan Document and even though such
Obligations may be unmatured.  Each
Lender agrees promptly to notify the Borrower after any such set-off and
application made by such Lender or its Affiliates; provided, however,
that the failure to give such notice shall not affect the validity of such
set-off and application.  Each Lender
agrees that it shall not, without the express consent of the Requisite Lenders
(and that, it shall, to the extent lawfully entitled to do so, upon the request
of the Requisite Lenders) exercise its set-off rights under this Section 8.6 against any deposit
accounts of the Borrower and its Subsidiaries maintained with such Lender or
any Affiliate thereof.  The rights of
each Lender under this Section 8.6
are in addition to the other rights and remedies (including other rights of
set-off) that such Lender may have.

 

Section 8.7            Sharing of Payments, Etc.

 

(a)           If any Lender (directly or through an Affiliate thereof)
obtains any payment (whether voluntary, involuntary, through the exercise of
any right of set-off (including pursuant to Section 8.6
(Right of Set-off)) or otherwise)
of the Loans owing to it, any interest thereon, fees in respect thereof or
amounts due pursuant to Section 8.3
(Costs and Expenses) or 8.4
(Indemnities) (other than payments pursuant to Section 2.14 (Special Provisions Governing
Eurodollar Rate Loans), 2.15
(Capital Adequacy) or 2.16
(Taxes) (in each case, whether voluntary, involuntary, through the
exercise of any right of set-off (including pursuant to Section 8.6  (Right of Set-off)) or otherwise) in
excess of its Ratable Portion of all payments of such Obligations obtained by
all the Lenders, such Lender (a “Purchasing
Lender”) shall forthwith purchase from the other Lenders (each, a “Selling Lender”) such participations in
their Loans or other Obligations as shall be necessary to cause such Purchasing
Lender to share the excess payment ratably with each of them.

 

85

 

(b)                                 If all or any portion of any payment received by a
Purchasing Lender is thereafter recovered from such Purchasing Lender, such
purchase from each Selling Lender shall be rescinded and such Selling Lender
shall repay to the Purchasing Lender the purchase price to the extent of such
recovery together with an amount equal to such Selling Lender’s ratable share
(according to the proportion of (i) the amount of such Selling Lender’s
required repayment in relation to (ii) the total amount so recovered from
the Purchasing Lender) of any interest or other amount paid or payable by the
Purchasing Lender in respect of the total amount so recovered.

 

(c)                                  The Borrower agrees that any Purchasing Lender so purchasing
a participation from a Selling Lender pursuant to this Section 8.7 may, to the fullest
extent permitted by law, exercise all its rights of payment (including the
right of set-off) with respect to such participation as fully as if such Lender
were the direct creditor of the Borrower in the amount of such participation.

 

Section 8.8                                   Notices, Etc.

 

(a)                                 Addresses for Notices.  All notices,
demands, requests, consents and other communications provided for in this
Agreement shall be given in writing (including by telecopy), and addressed to
the party to be notified as follows:

 

(i)                                     if to the Borrower:

 

AMC ENTERTAINMENT HOLDINGS, INC.

920 Main Street

Kansas City, MO 64105

Attention: General Counsel

Telecopy no: (816) 480-4700

 

with a copy to:

 

O’MELVENY & MYERS LLP

7 Times Square

New York, NY 10036

Attention:  Monica Thurmond, Esq.

Telecopy no:  (212) 326-2061

 

(ii)                                  if to any Lender, at its Lending Office specified opposite
its name on Schedule II (Lending Offices and Addresses for
Notices) or on the signature page of any applicable Assignment
and Acceptance; and

 

(iii)                               if to the Administrative Agent:

 

JPMORGAN CHASE BANK, N.A.

Loan and Agency Services Group

1111 Fannin Street

 

86

 

10th Floor

Houston, Texas 77002

Attention:  Belinda Lara

Telecopy: (713) 750-2932

 

with a copy to:

 

JPMORGAN CHASE BANK, N.A.

Loan and Agency Services Group

270 Park Avenue

4th Floor

New York, New York 10017

Attention:  John Kowalczuk

Telecopy: (212) 270-5127

 

and with a further copy to:

 

WEIL, GOTSHAL & MANGES LLP

767 Fifth Avenue

New York, New York 10153-0119

Attention:  Matthew D. Bloch, Esq.

Telecopy no:  (212) 310-8007

 

or at such other address as shall be
notified in writing (x) in the case of the Borrower and the Administrative
Agent, to the other parties and (y) in the case of all other parties, to
the Borrower and the Administrative Agent.

 

(b)                                 Effectiveness of Notices.  All notices,
demands, requests, consents and other communications described in clause (a) above shall be effective (i) if
delivered by hand, including any overnight courier service, upon personal
delivery, (ii) if delivered by mail, when deposited in the mails, and (iii) if
delivered by telecopy, when received; provided,
however, that notices and
communications to the Administrative Agent shall not be effective until
received by the Administrative Agent.

 

(c)                                  Use of Electronic Communications.  Notices and other
communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Administrative
Agent; provided that the foregoing shall not
apply to notices pursuant to Articles II or III unless otherwise agreed by the
Administrative Agent and the applicable Lender. 
The Administrative Agent or the Borrower may, in its discretion, agree
to accept notices and other communications to it hereunder by electronic
communications pursuant to procedures approved by it; provided
that approval of such procedures may be limited to particular notices or
communications.

 

87

 

Section 8.9                                   No Waiver; Remedies

 

No failure on the part of any Lender
or Agent 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
such right preclude any other or further exercise thereof or the exercise of
any other right.  The remedies herein
provided are cumulative and not exclusive of any remedies provided by law.

 

Section 8.10                            Binding Effect

 

This Agreement shall become
effective when it shall have been executed by the Borrower and the
Administrative Agent and when the Administrative Agent shall have been notified
by each Lender that such Lender has executed it and thereafter shall be binding
upon and inure solely to the benefit of the Borrower, the Administrative Agent
and each Lender and, in each case, their respective successors and assigns; provided, however,
that the Borrower shall not have the right to assign its rights hereunder or
any interest herein without the prior written consent of the Lenders.

 

Section 8.11                            Governing Law

 

This Agreement and the rights and
obligations of the parties hereto shall be governed by, and construed and
interpreted in accordance with, the law of the State of New York.

 

Section 8.12                            Submission to Jurisdiction; Service of Process

 

(a)                                 Any legal action or proceeding with respect to this
Agreement or any other Loan Document may be brought in the courts of the State
of New York located in the City of New York or of the United States of America
for the Southern District of New York, and, by execution and delivery of this
Agreement, each party hereto hereby accepts for itself and in respect of its
property, generally and unconditionally, the jurisdiction of the aforesaid
courts.  The parties hereto hereby
irrevocably waive any objection, including any objection to the laying of venue
or based on the grounds of forum non
conveniens, that any of them may now or hereafter have to the
bringing of any such action or proceeding in such respective jurisdictions.

 

(b)                                 The Borrower hereby irrevocably consents to the service of
any and all legal process, summons, notices and documents in any suit, action
or proceeding brought in the United States of America arising out of or in
connection with this Agreement or any other Loan Document by the mailing (by
registered or certified mail, postage prepaid) or delivering of a copy of such
process to the Borrower at its address specified in Section 8.8
(Notices, Etc.).  The
Borrower agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment
or in any other manner provided by law.

 

88

 

(c)                                  Nothing contained in this Section 8.12
shall affect the right of the Administrative Agent or any Lender to serve
process in any other manner permitted by law or commence legal proceedings or
otherwise proceed against the Borrower in any other jurisdiction.

 

Section 8.13                            Waiver of Jury Trial

 

EACH OF THE ADMINISTRATIVE AGENT,
THE LENDERS AND THE BORROWER IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR
PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT.

 

Section 8.14                            Marshaling; Payments Set Aside

 

None of the Administrative Agent or
Lenders shall be under any obligation to marshal any assets in favor of the
Borrower or any other party or against or in payment of any or all of the
Obligations.  To the extent that the
Administrative Agent, the Lenders or any such Person exercises their rights of
setoff, and such setoff or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required to be repaid
to a trustee, receiver or any other party, then to the extent of such recovery,
the obligation or part thereof originally intended to be satisfied, and all
right and remedies therefor, shall be revived and continued in full force and
effect as if such payment had not been made or such enforcement or setoff had
not occurred.

 

Section 8.15                            Section Titles

 

The section titles contained in this
Agreement are and shall be without substantive meaning or content of any kind
whatsoever and are not a part of the agreement between the parties hereto,
except when used to reference a section. 
Any reference to the number of a clause, sub-clause or subsection hereof
immediately followed by a reference in parenthesis to the title of the Section containing
such clause, sub-clause or subsection is a reference to such clause, sub-clause
or subsection and not to the entire Section; provided,
however, that, in case of direct
conflict between the reference to the title and the reference to the number of
such Section, the reference to the title shall govern absent manifest
error.  If any reference to the number of
a Section (but not to any clause, sub-clause or subsection thereof) is
followed immediately by a reference in parenthesis to the title of a Section,
the title reference shall govern in case of direct conflict absent manifest
error.

 

Section 8.16                            Execution in Counterparts

 

This Agreement may be executed in
any number of counterparts and by different parties 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.  Signature pages may be detached from
multiple separate counterparts and attached to a single counterpart so that all
signature pages are attached to the same document.  Delivery of an executed signature page of
this Agreement by facsimile transmission shall be as effective as delivery of a
manually executed counterpart hereof.  A
set of the copies of this

 

89

 

Agreement signed by all parties
shall be lodged with the Borrower and the Administrative Agent.

 

Section 8.17                            Entire Agreement

 

This Agreement, together with all of
the other Loan Documents and all certificates and documents delivered hereunder
or thereunder, embodies the entire agreement of the parties and supersedes all
prior agreements and understandings relating to the subject matter hereof.  In the event of any conflict between the
terms of this Agreement and any other Loan Document, the terms of this
Agreement shall govern.

 

Section 8.18                            Confidentiality

 

Each Lender and the Administrative
Agent agree to keep information obtained by it pursuant hereto and the other
Loan Documents confidential in accordance with such Lender’s or the
Administrative Agent’s, as the case may be, customary practices and agrees that
it shall only use such information in connection with the transactions
contemplated by this Agreement and not disclose any such information other than
(a) to such Lender’s or the Administrative Agent’s, as the case may be,
employees, representatives and agents that are or are expected to be involved
in the evaluation of such information in connection with the transactions
contemplated by this Agreement and are advised of the confidential nature of
such information, (b) to the extent such information presently is or
hereafter becomes available to such Lender or the Administrative Agent, as the
case may be, on a non-confidential basis from a source other than the Borrower,
(c) to the extent disclosure is required by law, regulation or judicial
order or requested or required by bank regulators or auditors or (d) to
current or prospective assignees, participants and Special Purpose Vehicle
grantees of any option described in Section 8.2(f) (Assignments
and Participations), and to their respective legal or financial
advisors, in each case and to the extent such assignees, participants or
grantees agree to be bound by, and to cause their advisors to comply with, the
provisions of this Section 8.18.  Notwithstanding any other provision in this
Agreement, the Administrative Agent hereby agrees that the Borrower (and each
of their respective officers, directors, employees, accountants, attorneys and
other advisors) may disclose to any and all persons, without limitation of any
kind, the U.S. tax treatment and U.S. tax structure of the Facility and the
transactions contemplated hereby and all materials of any kind (including
opinions and other tax analyses) that are provided to it relating to such U.S.
tax treatment and U.S. tax structure.

 

Section 8.19                            Patriot Act Notice.

 

Each Lender subject to the Patriot
Act hereby notifies the Borrower that, pursuant to Section 326 of the
Patriot Act, it is required to obtain, verify and record information that
identifies the Borrower, including the name and address of the Borrower and
other information that will allow such Lender to identify the Borrower in
accordance with the Patriot Act.

 

90

 

[SIGNATURE PAGES FOLLOW]

 

91

 

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

 

	
   

  	
  AMC ENTERTAINMENT
  HOLDINGS, INC.,

  
	
   

  	
  as Borrower

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Craig R. Ramsey

  
	
   

  	
  Name: Craig R. Ramsey

  
	
   

  	
  Title: Executive Vice President
  & Chief Financial Officer

  

 

[SIGNATURE
PAGE TO AMC ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  JPMORGAN CHASE BANK, N.A.,

  
	
   

  	
  as
  Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Kowalczuk

  
	
   

  	
  Name: John Kowalczuk

  
	
   

  	
  Title: Vice President

  

 

[SIGNATURE
PAGE TO AMC ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  CHASE LINCOLN FIRST COMMERCIAL
  CORPORATION,

  
	
   

  	
  as Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Marian N. Schulman

  
	
   

  	
  Name: Marian N. Schulman

  
	
   

  	
  Title: Vice President

  

 

[SIGNATURE
PAGE TO AMC ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

Schedules

 

	
  Schedule I

  	
   

  	
  –

  	
   

  	
  Commitments

  
	
  Schedule II

  	
   

  	
  –

  	
   

  	
  Lending Offices and Addresses for
  Notices

  
	
  Schedule 4.3(a)

  	
   

  	
  –

  	
   

  	
  Ownership of Subsidiaries

  
	
  Schedule 4.3(b)

  	
   

  	
  –

  	
   

  	
  Borrower Information

  
	
  Schedule 4.7

  	
   

  	
  –

  	
   

  	
  Litigation

  
	
  Schedule 4.17

  	
   

  	
  –

  	
   

  	
  Environmental Matters

  

 

Exhibits

 

	
  Exhibit A

  	
   

  	
  –

  	
   

  	
  Form of Assignment and
  Acceptance

  
	
  Exhibit B

  	
   

  	
  –

  	
   

  	
  Form of Note

  
	
  Exhibit C

  	
   

  	
  –

  	
   

  	
  Form of Notice of Borrowing

  
	
  Exhibit D

  	
   

  	
  –

  	
   

  	
  Form of Opinion of counsel
  for the BorrowerExhibit
4.10(b)

 

FIRST AMENDMENT

TO CREDIT AGREEMENT

 

This FIRST AMENDMENT TO THE CREDIT AGREEMENT (this “Amendment”) is dated as of April 17, 2009
and is entered into by and among AMC Entertainment Holdings, Inc., a Delaware
corporation (the “Borrower”), and
the LENDERS party hereto, and is made with reference to that certain CREDIT
AGREEMENT, dated as of June 13, 2007 (the “Credit
Agreement”), by and among the Borrower, the Lenders from time to
time party thereto, and JPMorgan Chase Bank, N.A., as administrative agent (the
“Administrative Agent”). Capitalized
terms used herein without definition shall have the same meanings herein as set
forth in the Credit Agreement after giving effect to this Amendment.

 

RECITALS

 

WHEREAS, the Borrower has requested that the Lenders
agree to amend certain provisions of the Credit Agreement as provided for
herein; and

 

WHEREAS, subject to certain conditions, the Lenders
party hereto are willing to agree to such amendment relating to the Credit
Agreement.

 

NOW, THEREFORE, in consideration of the premises and
the agreements, provisions and covenants herein contained, the parties hereto
agree as follows:

 

SECTION I.          AMENDMENTS TO THE CREDIT AGREEMENT

 

1.1          Amendments to Section
1.1.

 

A.   Section 1.1 of the Credit Agreement is hereby
amended by adding the following definitions in proper alphabetical sequence:

 

“AMC Loan
Purchase” means any purchase of the Loans by the Borrower
pursuant to Section 8.2(g) (Assignments and
Participations).

 

“Cancellation”
means any cancellation of the Loans pursuant to Section 8.2(g)(3) (Assignments and Participations) or
Section 8.20 (Designated Loan Purchases and
Contributions).

 

“Designated
Lender” means any Subsidiary of the Borrower or any
Affiliate (other than a natural person) of the Borrower.

 

“Designated
Loan Purchase” means any purchase of the Loans by a Designated
Lender pursuant to Section 8.2(g) (Assignments
and Participations).

 

“First
Amendment” means that certain First Amendment to this Agreement
dated as of April 17, 2009 among the Borrower and the Lenders party thereto.

 

“First
Amendment Effective Date” means the date of
satisfaction of the conditions referred to in Section III of the First
Amendment.

 

 

“Minority
Owned Entity” means any entity in which the Borrower owns,
directly or indirectly, 10% or more of the equity interests of such entity.

 

“Subsidiary
Lender” means any Designated Lender that is a Subsidiary or
Unrestricted Subsidiary of the Borrower.

 

B.   The definition of the term “Loan Documents”
set forth in Section 1.1 of the Credit Agreement is hereby amended by adding
the words “, the First Amendment” after the words “this Agreement” set forth
therein.

 

C.   The definition of “Consolidated EBITDA” is
hereby amended by adding the following at the end thereof:

 

“Consolidated EBITDA shall not include any gain from
the cancellation of indebtedness relating to any AMC Loan Purchase or
Designated Loan Purchase.”

 

D.   The definition of “Consolidated Net Income
(Loss)” is hereby amended by adding the following at the end thereof:

 

“Consolidated Net Income (Loss) shall not include
any gain from the cancellation of indebtedness relating to any AMC Loan
Purchase or Designated Loan Purchase.”

 

E.   The definition of the term “Eligible
Assignee” set forth in Section 1.1 of the Credit Agreement is hereby amended
and restated in its entirety as follows:

 

“Eligible
Assignee” means (a) a Lender or an Affiliate or Approved Fund
of any Lender, (b) a commercial bank having total assets whose Dollar
Equivalent exceeds $5,000,000,000, (c) a finance company, insurance company or
any other financial institution or Fund, in each case reasonably acceptable to
the Administrative Agent and regularly engaged in making, purchasing or
investing in loans, (d) a savings and loan association or savings bank
organized under the laws of the United States or any State thereof having a net
worth, determined in accordance with GAAP, whose Dollar Equivalent exceeds
$250,000,000, (e) the Borrower solely in connection with an AMC Loan Purchase
or (f) a Designated Lender solely in connection with a Designated Loan
Purchase; provided, however, that
the Persons designated by the Borrower in writing to the Administrative Agent
on or prior to the Closing Date shall not be deemed an “Eligible Assignee.

 

1.2          Amendments
to Article VIII

 

A. Section 8.2(a) of
the Credit Agreement is hereby amended and restated in its entirety as follows:

 

“(a)         Each Lender may sell, transfer, negotiate or assign to one
or more Eligible Assignees all or a portion of its rights and obligations hereunder
(including all of its rights and obligations with respect to the Loans); provided, however, that (i) if any such assignment
shall be of the assigning Lender’s Loans and Commitments, such assignment

 

2

 

shall cover the same percentage of such Lender’s
Loans and Commitments, (ii) the aggregate amount being assigned pursuant to
each such assignment (determined as of the date of the Assignment and
Acceptance with respect to such assignment) shall in no event (if less than the
assignor’s entire interest) be less than $1,000,000 or an integral multiple of
$1,000,000 in excess thereof, except, in either case, (A) with the consent of
the Borrower and the Administrative Agent or (B) if such assignment is being
made to a Lender or an Affiliate or Approved Fund of a Lender, and (iii) if
such Eligible Assignee is not, prior to the date of such assignment, (A) a
Lender or an Affiliate or Approved Fund of a Lender or (B) the Borrower or a
Designated Lender in connection with an AMC Loan Purchase or Designated Loan
Purchase, as applicable, such assignment shall be subject to the prior consent
of the Administrative Agent and the Borrower; provided,
further, that, notwithstanding any other provision of this Section 8.2, the consent of the Borrower
shall not be required for any assignment occurring when any Event of Default
under Section 6.1(a), (b), (h), (i) or (j) shall
have occurred and be continuing.”

 

B. Section 8.2 of
the Credit Agreement is hereby amended by adding the following as a new
paragraph (g) at the end thereof:

 

“(g)   The Borrower or any Designated Lender may
purchase an assignment of outstanding Loans during the period commencing on the
First Amendment Effective Date and ending on the Business Day immediately
preceding the Maturity Date on the following basis:

 

(1)  any such purchase of Loans shall be
consummated as an assignment otherwise in accordance with the provisions of
this Section 8.2 pursuant to an
Assignment and Acceptance;

 

(2)  any such purchase of Loans may be made by the
Borrower or the applicable Designated Lender from time to time from one or more
Lenders of the Borrower’s or such Designated Lender’s choosing and need not be
made from all Lenders; provided, however, that
the Affiliates of the Borrower may only make a purchase of Loans if the
aggregate principal amount of Loans held by the Affiliates of the Borrower
immediately after such purchase does not exceed thirty-three percent (33%) of
the principal amount of all Loans then outstanding;

 

(3)  following any such purchase of Loans by the
Borrower, (A) no interest shall accrue from and after the effective date of the
related Assignment and Acceptance on any such Loans purchased by the Borrower, (B)
at no time will the Borrower be deemed to be a Lender hereunder and (C) such
purchased Loans shall be deemed permanently cancelled for all purposes and no
longer outstanding (and may not be transferred or resold by the Borrower), for
all purposes of this Agreement and all of the other Loan Documents
(notwithstanding any provisions herein or therein to the contrary), including
for purposes of (i) the making of, or the application of, any payments to the
Lenders under this Agreement or any other Loan Document, (ii) the making of any
request, demand, authorization, direction, notice, consent or waiver under this
Agreement or any

 

3

 

other Loan Document, (iii) the providing of any
rights to the Borrower as a Lender under this Agreement or any other Loan Document
or (iv) the determination of Requisite Lenders, or for any similar or related
purpose, under this Agreement or any other Loan Document; and

 

(4)  Upon the commencement of any insolvency
proceeding with respect to the Borrower, all Loans held by the Borrower, any
Subsidiary Lender or Minority Owned Entity shall be subordinated in right of
payment to all Loans held by Persons who are not the Borrower, Subsidiary
Lender or Minority Owned Entity. By accepting an assignment of Loans, the
Borrower, any Subsidiary Lender or any Minority Owned Entity agrees to such
subordination.”

 

C.   Section 8.7 of the Credit Agreement is
hereby amended by adding the following new Section 8.7(d) thereof:

 

“The provisions of this Section 8.7 shall not apply to any payments
received by any Lender in respect of any AMC Loan Purchase or any Designated
Loan Purchase, including if such AMC Loan Purchase or Designated Loan Purchase
shall result in a Cancellation.”

 

D.   Article VIII  of the Credit
Agreement is hereby amended by adding the following as a new Section 8.20
thereof:

 

“Section 8.20.  Designated Loan Purchases and Contributions.  At any time after any
Designated Loan Purchase, all or a portion of the Loans subject to such
Designated Loan Purchase may, at the discretion of the applicable Designated
Lender, be contributed by the applicable Designated Lender to the Borrower; provided,
that in each case, (a) no interest shall accrue from and after the date of any
such contribution on any such Loans so contributed to the Borrower, (b) at no
time will the Borrower be deemed to be a Lender hereunder and (c) promptly
following any such contribution, any Loans that are the subject of such
contribution shall be deemed cancelled for all purposes and no longer
outstanding (and may not be transferred or resold by the Borrower), for all
purposes of this Agreement and all of the other Loan Documents (notwithstanding
any provisions herein or therein to the contrary), including for purposes of (i)
the making of, or the application of, any payments to the Lenders under this
Agreement or any other Loan Document, (ii) the making of any request, demand,
authorization, direction, notice, consent or waiver under this Agreement or any
other Loan Document, (iii) the providing of any rights to the Borrower as a
Lender under this Agreement or any other Loan Document or (iv) the
determination of Requisite Lenders, or for any similar or related purpose,
under this Agreement or any other Loan Document. Concurrently with such
cancellation, the Borrower shall provide written notice to the Administrative
Agent of the aggregate principal face amount of Loans cancelled pursuant to the
prior sentence and a copy of any documentation relating to the contribution of
such Loans.”

 

E.   Article VIII  of the Credit
Agreement is hereby amended by adding the following as a new Section 8.21
thereof:

 

4

 

“Section 8.21.  Designated
Lenders.  Notwithstanding
anything in the Credit Agreement or any other Loan Document to the contrary,
with respect to any Loans at any time held by a Designated Lender, such
Designated Lender shall have no right whatsoever, in its capacity as a Lender
with respect to such Loans then held by such Designated Lender, whether or not
the Borrower is subject to a bankruptcy or other insolvency proceeding, so long
as such Lender is a Designated Lender, to (a) consent to any amendment,
modification, waiver, consent or other such action with respect to, or
otherwise vote on any matter related to, or vote in connection with any
direction delivered to the Administrative Agent by the Requisite Lenders
pursuant to, any of the terms of the Credit Agreement or any other Loan
Document; provided that the Administrative Agent shall automatically
deem any Loans held by such Designated Lender to be voted pro rata according to
the Loans of all other Lenders in the aggregate (other than any Designated
Lenders) in connection with any such amendment, modification, waiver, consent,
other action or direction (including all voting and consent rights arising out
of any bankruptcy or other insolvency proceedings (except for voting on any
plan of reorganization or refraining from voting on any plan of reorganization,
in which case the Administrative Agent shall vote or refrain from voting such
Loans of such Designated Lender in its sole discretion)); provided, further,
that no such amendment, modification, waiver, consent, other action or
direction referred to above shall deprive such Designated Lender of its Ratable
Portion of any payments or other recoveries which the Lenders are entitled to
share on a pro rata basis under the Loan Documents (except as provided in Section 8.2(g)(4) (Assignments and Participations)) or,
in the case of any such Designated Lender that is not a Subsidiary Lender,
shall disproportionately impact such Designated Lender (solely in its capacity
as a Lender) in a materially adverse manner, (b) require the Administrative
Agent or other Lender to undertake any action (or refrain from taking any
action) with respect to the Credit Agreement or any other Loan Document (other
than to require the Administrative Agent to distribute any payments received by
it from the Borrower to which such Designated Lender is entitled pursuant to
the terms of the Loan Documents), (c) attend any meeting (live or by any
electronic means) in such Designated Lender’s capacity as a Lender with the
Administrative Agent or other Lender or receive any information from the
Administrative Agent or other Lender or (d) have access to the Approved Electronic
Platform.”

 

1.3          Amendment to
Exhibits.

 

A.   Exhibit
A to the Credit Agreement is hereby amended by adding the following sentence to
the end thereof:

 

“The terms of the First
Amendment (the “First Amendment”), dated
as of April 17, 2009, to the Credit Agreement (and of the Credit Agreement, as
amended by the First Amendment), are acknowledged in all respects by the
undersigned Assignor.”

 

SECTION II.         WAIVER

 

A.      The Borrower and its Subsidiaries shall
conduct all AMC Loan Purchases and Designated Loan Purchases (collectively, the
“Purchases”) on an arms’ length
basis and the consideration paid for the Loans in any Purchase shall be
individually negotiated and agreed with the counterparty in such Purchase (the “Counterparty”).

 

5

 

B.      Each Purchase shall be consummated pursuant to the
procedure set forth in Section 8.2 of the Credit Agreement.

 

C.      Each Purchase shall constitute an
assignment of Loans pursuant to Section 8.2 of the Credit Agreement.

 

D.      The Lenders party hereto hereby consent to
the transactions described in this Section II notwithstanding anything to the
contrary in the Credit Agreement and hereby waive the requirements of any
provision of the Credit Agreement (including, without limitation, Sections 2.13
or 8.7) that might otherwise prohibit any Purchase, result in a Default or any
Event of Default as a result of the Purchase or require the ratable sharing of
proceeds received by any Lender from any Purchase.

 

E.      This Amendment and the waivers in this Section
II shall neither (i) require the Borrower to undertake any Purchase nor (ii) limit
or restrict the Borrower from making voluntary prepayments of the Loans in
accordance with the provisions of the Credit Agreement as in effect prior to
the First Amendment Effective Date (as defined below).

 

SECTION III.        CONDITIONS TO
EFFECTIVENESS

 

This Amendment shall become effective as of the date
hereof only upon the satisfaction of all of the following conditions precedent
(the date of satisfaction of such conditions being referred to herein as the “First Amendment Effective Date”):

 

A.     Execution. The Administrative Agent
shall have received a counterpart signature page of this Amendment duly
executed by the Borrower and the Requisite Lenders.

 

B.     Fees. The Administrative Agent
shall have received all fees and other amounts due and payable to the
Administrative Agent on or prior to the First Amendment Effective Date,
including, to the extent invoiced, reimbursement or other payment of (i) all
reasonable fees, charges and disbursements of Weil, Gotshal & Manges LLP,
incurred in connection with this Amendment and (ii) all other out-of-pocket
expenses required to be reimbursed or paid by the Borrower hereunder or under
any other Loan Document.

 

The Administrative Agent will notify the Lenders of
the occurrence of the First Amendment Effective Date by posting the execution
version of this Amendment to intralinks on such date.

 

SECTION IV.       REPRESENTATIONS
AND WARRANTIES

 

In order to induce Lenders to enter into this
Amendment and to amend the Credit Agreement in the manner provided herein, the
Borrower represents and warrants to each Lender that the following statements
are true and correct in all material respects:

 

A.      Incorporation of Representations and Warranties from Credit
Agreement. The representations and warranties contained in Article
IV of the Credit Agreement, as amended by this Amendment, are and will be true
and correct in all material respects on and as of the First Amendment Effective
Date to the same extent as though made on and as of that date, except to

 

6

 

the extent such representations and warranties
specifically relate to an earlier date, in which case they were true and
correct in all material respects on and as of such earlier date.

 

B.      Absence of
Default. No event has occurred and is continuing or will
result from the consummation of the transactions contemplated by this Amendment
that would constitute an Event of Default or a Default.

 

SECTION V.       CONSENT FEE

 

A.      Each Lender
that executes this Amendment by 5:30 p.m. (EST) April 22, 2009 (the “Consent Deadline”) will be paid by the
Borrower an amendment fee in an amount equal to 5 basis points on the
outstanding principal amount of the Loans held by such consenting Lender on the
First Amendment Effective Date (the “Amendment
Fee”). The Borrower will pay the Amendment Fee to the consenting
Lenders as promptly as practicable after the Consent Deadline.

 

SECTION VI.       MISCELLANEOUS

 

A.         Reference
to and Effect on the Credit Agreement and the Other Loan Documents.

 

(i)      On and after the First Amendment Effective
Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”,
“herein” or words of like import referring to the Credit Agreement, and each
reference in the other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof”
or words of like import referring to the Credit Agreement shall mean and be a
reference to the Credit Agreement as amended by this Amendment.

 

(ii)     Except as specifically amended by this
Amendment, the Credit Agreement and the other Loan Documents shall remain in
full force and effect and are hereby ratified and confirmed.

 

B.         Headings. Section and
Subsection headings in this Amendment are included herein for convenience of
reference only and shall not constitute a part of this Amendment for any other
purpose or be given any substantive effect.

 

C.         Governing Law. THIS AMENDMENT
AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

D.         Counterparts. This Amendment
may be executed in any number of counterparts and by different parties hereto
in separate counterparts, each of which when so executed and delivered shall be
deemed an original, but all such counterparts together shall constitute but one
and the same instrument; signature pages may be detached from multiple separate
counterparts and attached to a single counterpart so that all signature pages are
physically attached to the same document.

 

7

 

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

 

 

	
   

  	
  AMC ENTERTAINMENT HOLDINGS, INC.,

  as the Borrower

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Craig R. Ramsey

  
	
   

  	
   

  	
  Name:  Craig R. Ramsey

  
	
   

  	
   

  	
  Title:  Executive Vice
  President & CFO

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC
  ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST
  ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  POPCORN INVESTORS TRUST

  
	
   

  	
   

  
	
   

  	
  By:     Wilmington Trust
  Company not in its individual
  capacity, but solely as owner trustee under the Trust Agreement dated
  September 18, 2007 

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Joseph B. Feil

  
	
   

  	
  Name:

  	
  Joseph B. Feil

  
	
   

  	
  Title:

  	
  Vice President

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC
  ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST
  ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NAME OF LENDER Carlyle Loan Investment, Ltd.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Linda Pace

  
	
   

  	
   

  	
  Name:  Linda Pace

  
	
   

  	
   

  	
  Title:  Managing Director

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
  NAME OF LENDER

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Western National Life Insurance Company (formerly known as AIG
  Annuity Life Insurance Company)

  
	
   

  	
  American International Group, Inc.

  
	
   

  	
   

  
	
   

  	
  By: AIG Global Investment Corp., Investment Adviser

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Bryan Petermann

  
	
   

  	
   

  	
  Name:
  Bryan Petermann

  
	
   

  	
   

  	
  Title: Managing Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SunAmerica Income Funds - SunAmerica High Yield Bond Fund

  SunAmerica Income Funds - SunAmerica Strategic Bond Fund

  AIG Retirement Company II - High Yield Bond Fund (formerly known as VALIC
  Company II – High Yield Bond Fund)

  AIG Retirement Company II - Strategic Bond Fund (formerly known as VALIC
  Company II – Strategic Bond Fund) 

  
	
   

  	
   

  
	
   

  	
  By: AIG Global Investment Corp., Investment Sub-adviser

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Bryan Petermann

  
	
   

  	
   

  	
  Name:
   Bryan Petermann

  
	
   

  	
   

  	
  Title:  Managing Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SunAmerica Series Trust - High Yield Bond Portfolio

  
	
   

  	
   

  
	
   

  	
  By: AIG SunAmerica Asset Management Corp.,

  
	
   

  	
  Investment Adviser

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Bryan Petermann

  
	
   

  	
   

  	
  Name:
   Bryan Petermann

  
	
   

  	
   

  	
  Title:  Portfolio Manager

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  RIVERSOURCE VARIABLE PORTFOLIO – HIGH YIELD BOND FUND, A SERIES OF
  RIVERSOURCE VARIABLE SERIES TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Timothy J. Masek

  
	
   

  	
   

  	
  Name:  Timothy J. Masek

  
	
   

  	
   

  	
  Title:  Assistant Vice President

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  RIVERSOURCE INCOME OPPORTUNITIES FUND. A SERIES OF RIVERSOURCE BOND
  SERIES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Timothy J. Masek

  
	
   

  	
   

  	
  Name:  Timothy J. Masek

  
	
   

  	
   

  	
  Title:  Assistant Vice President

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  RIVERSOURCE VARIABLE PORTFOLIO – INCOME OPPORTUNITIES FUND. A SERIES
  OF RIVERSOURCE VARIABLE SERIES TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Timothy J. Masek

  
	
   

  	
   

  	
  Name:  Timothy J. Masek

  
	
   

  	
   

  	
  Title:  Assistant Vice President

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  RIVERSOURCE HIGH YIELD BOND FUND, A SERIES OF RIVERSOURCE HIGH YIELD
  INCOME SERIES, INC. 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Timothy J. Masek

  
	
   

  	
   

  	
  Name:  Timothy J. Masek

  
	
   

  	
   

  	
  Title:  Assistant Vice President

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT HOLDINGS, INC.
  CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AMERICAN EXPRESS COMPANY RETIREMENT FUND BY RIVERSOURCE INVESTMENTS,
  LLC ITS AGENT

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Timothy J. Masek

  
	
   

  	
   

  	
  Name: Timothy J. Masek

  
	
   

  	
   

  	
  Title: Vice President -
  Investments

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AMERIPRISE FINANCIAL RETIREMENT PLAN BY RIVERSOURCE INVESTMENTS, LLC
  ITS AGENT

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Timothy J. Masek

  
	
   

  	
   

  	
  Name: Timothy J. Masek

  
	
   

  	
   

  	
  Title: Vice President -
  Investments

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Canpartners Investments IV, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mitchell R. Julis

  
	
   

  	
   

  	
  Name: Mitchell R. Julis

  
	
   

  	
   

  	
  Title: Managing Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: Canpartners Investments IV, LLC,

  
	
   

  	
  a California Limited Liability Company

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
  Solar Capital LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Cerrie Henley

  
	
   

  	
   

  	
  Name: Cerrie Henley

  
	
   

  	
   

  	
  Title: Authorized Signatory

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MCDONNELL LOAN OPPORTUNITY LTD.

  By: McDonnell Investment Management, LLC,

  as Investment Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kathleen A. Zarn

  
	
   

  	
   

  	
  Name: Kathleen A. Zarn

  
	
   

  	
   

  	
  Title:   Vice President

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
  Hartford Series Fund, Inc., on behalf of Hartford High Yield
  HLS Fund

  
	
   

  	
  By:  Hartford Investment Management

  
	
   

  	
  Company its Sub-advisor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Francesco Ossino

  
	
   

  	
   

  	
  Name: Francesco Ossino

  
	
   

  	
   

  	
  Title: Senior Vice
  President

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
  The Hartford Mutual Funds, Inc., on behalf of The Hartford High Yield
  Fund 

  
	
   

  	
  By:  Hartford Investment Management

  
	
   

  	
  Company its Sub-advisor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Francesco Ossino

  
	
   

  	
   

  	
  Name: Francesco Ossino

  
	
   

  	
   

  	
  Title: Senior Vice
  President

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT HOLDINGS, INC.
  CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
  Hartford Accident and Indemnity Company

  
	
   

  	
  By:
   Hartford Investment Management Company

  Its Agent and Attorney-in-Fact

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Francesco Ossino

  
	
   

  	
   

  	
  Name: Francesco Ossino

  
	
   

  	
   

  	
  Title: Senior Vice
  President

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NAME OF LENDER

  
	
   

  	
  J. P. Morgan Whitefriars Inc. 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Virginia R. Conway

  
	
   

  	
   

  	
  Name:  Virginia R. Conway

  
	
   

  	
   

  	
  Title:    Vice President

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT HOLDINGS, INC.
  CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NAME OF LENDER

  
	
   

  	
  DEUTSCHE BANK AG LONDON BRANCH

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edward Schaffer

  
	
   

  	
   

  	
  Name: Edward Schaffer

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Deirdre D. Cesario

  
	
   

  	
   

  	
  Deirdre D. Cesario

  
	
   

  	
   

  	
  Assistant Vice President

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN
  

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  One East Partners Master, LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ James Cacioppo

  
	
   

  	
   

  	
  Name: James Cacioppo

  
	
   

  	
   

  	
  Title: Authorized Person

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT HOLDINGS, INC.
  CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  OHSF FINANCING, LTD.,

  	
   

  	
   

  	
  OHSF II FINANCING, LTD.,

  
	
  as a PIK Loan Lender

  	
   

  	
   

  	
  as a PIK Loan Lender

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Scott D. Krase

  	
   

  	
   

  	
  By:

  	
  /s/ Scott D. Krase

  
	
  Name:

  	
  Scott D. Krase

  	
   

  	
   

  	
  Name:

  	
  Scott D. Krase

  
	
  Title:

  	
  Authorized Person

  	
   

  	
   

  	
  Title:

  	
  Authorized Person

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  OAK HILL CREDIT OPPORTUNITIES

  	
   

  	
   

  	
   

  
	
  FINANCING, LTD., 

  	
   

  	
   

  	
   

  
	
  as a PIK Loan Lender

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Scott D. Krase

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Scott D. Krase

  	
   

  	
   

  	
   

  
	
  Title:

  	
  Authorized Person

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BLACKROCK KELSO CAPITAL CORPORATION

  
	
   

  	
  By: BLACKROCK KELSO CAPITAL ADVISORS, LLC its Investment Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael B. Lazar

  
	
   

  	
  Name:

  	
  Michael B. Lazar

  
	
   

  	
  Title:

  	
  Chief Operating Officer

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN
  

  
	
   

  	
   

  
	
   

  	
  Each of the persons listed on Annex A, severally but not jointly,

  
	
   

  	
  as a Lender

  
	
   

  	
  By: Wellington Management
  Company, LLP

     as investment adviser

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert J. Toner

  
	
   

  	
   

  	
  Robert J. Toner

  
	
   

  	
   

  	
  Vice President and Counsel

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

ANNEX A

 

Account Name

Oregon Public Employees Retirement Fund

Goldman Sachs JBWere Global High Yield Pooled Fund

Commonwealth International Fixed Interest Fund 5

The High Yield Plus Fund, Inc.

Michelin North America, Inc. Master Retirement
Trust

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN
  

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NAME OF LENDER: BALTIC FUNDING LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Tara E. Kenny

  
	
   

  	
   

  	
  Name:  Tara E. Kenny

  
	
   

  	
   

  	
  Title:  Assistant Vice President

  

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

 

 

	
   

  	
  SIGNATURE PAGE TO FIRST AMENDMENT AMC ENTERTAINMENT
  HOLDINGS, INC. CREDIT AGREEMENT DATED AS OF THE DATE FIRST ABOVE WRITTEN

  	 

	
   

  	
   

  	 

	
   

  	
  Sankaty Advisors, LLC as Collateral

  Manager for Prospect Funding I,

  LLC as Term Lender

  	 

	
   

  	
   

  
	
   

  	
   

  	 

	
   

  	
  By:

  	
  /s/ Alan K. Halfenger

  	 

	
   

  	
   

  	
  Name:

  	
  Alan K. Halfenger

  	 

	
   

  	
   

  	
  Title:

  	
  Chief Compliance Officer

  	 

	
   

  	
   

  	
   

  	
  Assistant Secretary

  	 

 

[FIRST AMENDMENT TO AMC
ENTERTAINMENT HOLDINGS, INC. CREDIT AGREEMENT]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]