Document:

exv10w1

EXHIBIT 10.1

FOUR YEAR CREDIT AGREEMENT

Dated as of May 9, 2011

          GATX CORPORATION, a New York corporation (the “Borrower”), the banks, financial
institutions and other institutional lenders (the “Initial Lenders”) and initial issuing
banks (the “Initial Issuing Banks”) listed on the signature pages hereof, CITIGROUP GLOBAL
MARKETS INC. and MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, as joint lead arrangers and
joint book managers, BANK OF AMERICA, N.A., as syndication agent, PNC BANK, NATIONAL ASSOCIATION,
U.S. BANK NATIONAL ASSOCIATION and BAYERISCHE LANDESBANK, NEW YORK BRANCH, as co-documentation
agents, and CITIBANK, N.A. (“Citibank”), as administrative agent (the “Agent”) for
the Lenders (as hereinafter defined), agree as follows:

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

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

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

     “Advance” means a Revolving Credit Advance or a Swing Line Advance.

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

     “Agent’s Account” means the account of the Agent maintained by the Agent at
Citibank at its office at 388 Greenwich Street, New York, New York 10013, Account No.
36852248, Attention: Bank Loan Syndications.

     “Applicable Lending Office” means, with respect to each Lender, such Lender’s
Domestic Lending Office in the case of a Base Rate Advance and such Lender’s Eurodollar
Lending Office in the case of a Eurodollar Rate Advance.

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

	 	 	 	 	 	 	 	 	 
	Public Debt Rating	 	Applicable Margin for	 	Applicable Margin for
	S&P/Moody’s	 	Eurodollar Rate Advances	 	Base Rate Advances
	Level 1

A / A2 or above
	 	 	0.875	%	 	 	0.000	%
	Level 2

A- / A3
	 	 	0.975	%	 	 	0.000	%
	Level 3

BBB+ / Baa1
	 	 	1.050	%	 	 	0.050	%

 

 

	 	 	 	 	 	 	 	 	 
	Public Debt Rating	 	Applicable Margin for	 	Applicable Margin for
	S&P/Moody’s	 	Eurodollar Rate Advances	 	Base Rate Advances
	Level 4

BBB / Baa2
	 	 	1.275	%	 	 	0.275	%
	Level 5

Lower than Level 4
	 	 	1.500	%	 	 	0.500	%

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

	 	 	 	 	 
	Public Debt Rating	 	Applicable
	S&P/Moody’s	 	Percentage
	Level 1

A / A2 or above
	 	 	0.125	%
	Level 2

A- / A3
	 	 	0.150	%
	Level 3

BBB+ / Baa1
	 	 	0.200	%
	Level 4

BBB / Baa2
	 	 	0.225	%
	Level 5

Lower than Level 4
	 	 	0.250	%

     “Assignment and Assumption” means an assignment and assumption entered into by
a Lender and an Eligible Assignee, and accepted by the Agent, in substantially the form of
Exhibit C hereto.

     “Assuming Lender” has the meaning specified in Section 2.18(b).

     “Assumption Agreement” has the meaning specified in Section 2.18(c)(ii).

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

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

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

     (b) 1/2 of one percent per annum above the Federal Funds Rate; and

     (c) the British Bankers Association Interest Settlement Rate applicable to
Dollars for a period of one month (“One Month LIBOR”) plus 1.00% (for the avoidance
of doubt, the One Month LIBOR for any day shall be based on the rate appearing on
Reuters Screen LIBOR01 Page (or other commercially available source providing such
quotations as designated by the Agent from time to time) at approximately 11:00 a.m.
London time on such day).

     “Base Rate Advance” means an Advance that bears interest as provided in Section
2.07(a)(i).

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     “Borrower Information” has the meaning specified in Section 8.08.

     “Borrowing” means a Revolving Credit Borrowing or a Swing Line Borrowing.

     “Business Day” means a day of the year other than Saturday or Sunday or a day
on which banks are not required or authorized by law to close in New York City, Chicago,
Illinois and, if the applicable Business Day relates to any Eurodollar Rate Advances, on
which dealings are carried on in the London interbank market.

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

     “Cash Collateralize” means, in respect of an obligation, provide and pledge (as
a first priority perfected security interest) cash collateral in U.S. dollars, at a location
and pursuant to documentation in form and substance satisfactory to the Agent, each Issuing
Bank and each Swing Line Bank (and “Cash Collateralization” has a corresponding
meaning).

     “Change in Control” means (a) the acquisition of ownership, directly or
indirectly, beneficially or of record, by any Person or group (within the meaning of the
Securities Exchange Act of 1934 and the rules of the Securities and Exchange Commission
thereunder as in effect on the date hereof), of shares representing more than 50% of the
aggregate ordinary voting power represented by the issued and outstanding capital stock of
the Borrower; or (b) for the period of 12 consecutive months, a majority of the Board of
Directors of the Borrower shall no longer be composed of individuals (i) who were members of
said Board on the first day of such period, (ii) whose election or nomination to said Board
was approved by individuals referred to in clause (i) above constituting at the time of such
election or nomination at least a majority of said Board or (iii) whose election or
nomination to said Board was approved by individuals referred to in clauses (i) and (ii)
above constituting at the time of such election or nomination at least a majority of said
Board.

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

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

     “Commitment” means a Revolving Credit Commitment, a Letter of Credit Commitment
or a Swing Line Commitment.

     “Commitment Date” has the meaning specified in Section 2.18(b).

     “Commitment Increase” has the meaning specified in Section 2.18(a).

     “Consenting Lender” has the meaning specified in Section 2.19(b).

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

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     “Convert”, “Conversion” and “Converted” each refers to a
conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08
or 2.09.

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

     “Defaulting Lender” means, at any time, subject to Section 2.20(c), (i) any
Lender that has failed for three or more Business Days to comply with its obligations under
this Agreement to make an Advance, make a payment to an Issuing Bank in respect of drawing
under a Letter of Credit, make a payment to a Swing Line Bank in respect of a Swing Line
Advance or make any other payment due hereunder (each, a “funding obligation”),
unless such Lender has notified the Agent and the Borrower in writing that such failure is
the result of such Lender’s determination that one or more conditions precedent to funding
has not been satisfied (which conditions precedent, together with the applicable default, if
any, will be specifically identified in such writing), (ii) any Lender that has notified the
Agent, the Borrower, an Issuing Bank or a Swing Line Bank in writing, or has stated
publicly, that it does not intend to comply with its funding obligations hereunder, unless
such writing or statement states that such position is based on such Lender’s determination
that one or more conditions precedent to funding cannot be satisfied (which conditions
precedent, together with the applicable default, if any, will be specifically identified in
such writing or public statement), (iii) any Lender that has defaulted on its funding
obligations under other loan agreements or credit agreements generally under which it has
commitments to extend credit or that has notified, or whose Parent Company has notified, the
Agent or the Borrower in writing, or has stated publicly, that it does not intend to comply
with its funding obligations under loan agreements or credit agreements generally, (iv) any
Lender that has, for three or more Business Days after written request of the Agent or the
Borrower, failed to confirm in writing to the Agent and the Borrower that it will comply
with its prospective funding obligations hereunder (provided that such Lender will cease to
be a Defaulting Lender pursuant to this clause (iv) upon the Agent’s and the Borrower’s
receipt of such written confirmation), or (v) any Lender with respect to which, or with
respect to the Parent Company of which, a Lender Insolvency Event has occurred and is
continuing; provided that a Lender Insolvency Event shall not be deemed to occur
with respect to a Lender or its Parent Company solely as a result of the acquisition or
maintenance of an ownership interest in such Lender or Parent Company by a Governmental
Authority or instrumentality thereof where such action does not result in or provide such
Lender with immunity from the jurisdiction of courts within the United States or from the
enforcement of judgments or writs of attachment on its assets or permit such Lender (or such
Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any
contracts or agreements made with such Lender. Any determination by the Agent that a Lender
is a Defaulting Lender under any of clauses (i) through (v) above will be conclusive and
binding absent manifest error, and such Lender will be deemed to be a Defaulting Lender
(subject to Section 2.20(c)) upon notification of such determination by the Agent to the
Borrower, the Issuing Banks, the Swing Line Banks and the Lenders.

     “Disclosed Litigation” means litigation disclosed in any filing made by the
Borrower or any of its Subsidiaries prior to the date hereof pursuant to the Securities and
Exchange Act of 1934, as amended.

     “Domestic Lending Office” means, with respect to any Lender, the office of such
Lender specified as its “Domestic Lending Office” in its Administrative Questionnaire
delivered to the Agent, or such other office of such Lender as such Lender may from time to
time specify to the Borrower and the Agent.

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     “Effective Date” has the meaning specified in Section 3.01, which is May 9,
2011.

     “Eligible Assignee” means (i) a Lender; (ii) an Affiliate of a Lender that is
in the business of making and/or buying loans of the type described herein; and (iii) any
other Person approved by the Agent, each Issuing Bank, each Swing Line Bank and, unless an
Event of Default has occurred and is continuing at the time any assignment is effected in
accordance with Section 8.07, the Borrower, such approvals not to be unreasonably withheld
or delayed; provided, however, that neither the Borrower nor an Affiliate of
the Borrower shall qualify as an Eligible Assignee.

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

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

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

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

     “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of
ERISA or the regulations issued thereunder with respect to a Plan (other than an event for
which the 30 day notice period is waived); (b) with respect to any Plan, the failure to
satisfy the minimum funding standard described in Section 412 of the Code or Section 302 of
ERISA, whether or not waived; (c) the filing pursuant to Section 412(c) of the Code or
Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with
respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA Affiliates of
any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the
receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any
notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to
administer any Plan; (f) the incurrence by the Borrower or any of its ERISA Affiliates of
any liability with respect to the withdrawal or partial withdrawal from any Plan or
Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate of any notice,
or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any
notice, concerning the imposition of Withdrawal Liability or a determination that a
Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the
meaning of Title IV of ERISA or is in “endangered” or “critical” status within the meaning
of Section 432 of the Code or Section 305 of ERISA.

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

     “Eurodollar Lending Office” means, with respect to any Lender, the office of
such Lender specified as its “Eurodollar Lending Office” in its Administrative Questionnaire
delivered to the Agent, or such other office of such Lender as such Lender may from time to
time specify to the Borrower and the Agent.

     “Eurodollar Rate” means, for any Interest Period for each Eurodollar Rate
Advance comprising part of the same Borrowing, an interest rate per annum equal to the rate
per annum obtained by dividing (a) the rate per annum (rounded upward to the nearest whole
multiple of 1/16 of 1% per annum) appearing on Reuters Screen LIBOR01 Page (or any successor
page) as the London interbank offered rate for deposits in U.S. dollars at approximately
11:00 A.M. (London time) two Business Days prior to the first day of such Interest Period
for a term comparable to such Interest Period or, if for any reason such rate is not
available, the average (rounded upward to the nearest whole multiple of 1/16 of 1% per
annum, if such average is not such a multiple) of the rate per annum at which deposits in
U.S. dollars are offered by the principal office of each of the Reference Banks in London,
England to prime banks in the London interbank market at 11:00 A.M. (London time) two
Business Days before the first day of such Interest Period in an amount substantially equal
to such Reference Bank’s Eurodollar Rate Advance comprising part of such Borrowing to be
outstanding during such Interest Period and for a period equal to such Interest Period by
(b) a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage for such
Interest Period. If the Reuters Screen LIBOR01 Page (or any successor page) is unavailable,
the Eurodollar Rate for any Interest Period for each Eurodollar Rate Advance comprising part
of the same Borrowing shall be determined by the Agent on the basis of applicable rates
furnished to and received by the Agent from the Reference Banks two Business Days before the
first day of such Interest Period, subject, however, to the provisions of
Section 2.08.

     “Eurodollar Rate Advance” means an Advance that bears interest as provided in
Section 2.07(a)(ii).

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

     “Events of Default” has the meaning specified in Section 6.01.

     “Excluded Taxes” means, with respect to the Agent, any Lender or any other
recipient of any payment to be made by or on account of any obligation of the Borrower
hereunder, (a) income or franchise taxes imposed on (or measured by) its net income by the
United States of America, or by the jurisdiction under the laws of which such recipient is
organized or in which its principal office is located or, in the case of any Lender, in
which its applicable lending office is located, (b) any branch profits taxes imposed by the
United States of America or any similar tax

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imposed by any other jurisdiction in which the Lender or such other recipient is
located, (c) in the case of a Foreign Lender (other than an assignee pursuant to a request
by the Borrower under Section 2.21), any United States withholding tax that is imposed on
amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party to
this Agreement or is attributable to such Foreign Lender’s failure or inability to comply
with Section 2.14(e), except to the extent that such Foreign Lender’s assignor (if any) was
entitled, at the time of assignment, to receive additional amounts from the Borrower with
respect to such withholding tax pursuant to Section 2.14(a), (d) any taxes imposed pursuant
to FATCA, and (e) all liabilities, penalties, and interest incurred with respect to any of
the foregoing.

     “Existing Letter of Credit” has the meaning specified in Section 2.01(b).

     “Extension Date” has the meaning specified in Section 2.19(b).

     “Facility” means the Revolving Credit Facility, the Letter of Credit Facility
or the Swing Line Facility.

     “FATCA” means Sections 1471 through 1474 of the Code, including any regulations
or official interpretations thereof.

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

     “Fed Funds Swing Line Advance” means a Swing Line Advance that bears interest
as provided in Section 2.07(a)(iii)(A).

     “Financial Officer” means the chief financial officer, principal accounting
officer, treasurer or controller of the Borrower.

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

     “Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with
respect to any Issuing Bank, such Defaulting Lender’s Ratable Share of the aggregate
Available Amount of outstanding Letters of Credit and Revolving Credit Advances made by an
Issuing Bank in accordance with Section 2.03 with respect to Letters of Credit issued by
such Issuing Bank that have not been funded by the Lenders (collectively, the “L/C
Exposure”) other than L/C Exposure as to which such Defaulting Lender’s participation
obligation has been reallocated to other Lenders or Cash Collateralized in accordance with
the terms hereof, and (b) with respect to any Swing Line Bank, such Defaulting Lender’s
Ratable Share of outstanding Swing Line Advances made by such Swing Line Bank other than
Swing Line Advances as to which such Defaulting Lender’s participation obligation has been
reallocated to other Lenders.

     “GAAP” means generally accepted accounting principles set forth in the
Financial Accounting Standards Board (FASB) Accounting Standards Codification (as amended
from time to time) or in such other statements by such other authoritative entity as may be
approved by a

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significant segment of the accounting profession in the United States, which are
applicable to the circumstances as of the date of determination.

     “GARC” means a special purpose subsidiary, owned, directly or indirectly, by
the Borrower, and organized for the purposes of (i) entering into one or more financings of
equipment and related leases, (ii) subleasing of equipment pursuant to subleases and (iii)
engaging in such other activities as are necessary, convenient or incidental thereto. Each
GARC shall be formed in a manner so that in the event of a bankruptcy of the Borrower or any
of its non-GARC subsidiaries, the assets and liabilities of such GARC will not be
consolidated with the assets and liabilities of the Borrower or any of such subsidiaries.

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

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

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

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

     “Increase Date” has the meaning specified in Section 2.18(a).

     “Increasing Lender” has the meaning specified in Section 2.18(b).

     “Indebtedness” of any Person means, without duplication, (a) all obligations of
such Person for borrowed money or with respect to deposits or advances of any kind, (b) all
obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c)
all obligations of such Person upon which interest charges are customarily paid, (d) all
obligations of such Person under conditional sale or other title retention agreements
relating to property acquired by such Person, (e) all obligations of such Person in respect
of the deferred purchase

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price of property or services (excluding current accounts payable incurred in the
ordinary course of business), (f) all Indebtedness of others secured by (or for which the
holder of such Indebtedness has an existing right, contingent or otherwise, to be secured
by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness
secured thereby has been assumed, (g) all Guarantees by such Person of Indebtedness of
others, (h) all Capital Lease Obligations of such Person, (i) all obligations, contingent or
otherwise, of such Person as an account party in respect of letters of credit and letters of
guaranty and (j) all obligations, contingent or otherwise, of such Person in respect of
bankers’ acceptances; provided, however, that “Indebtedness” shall not
include (x) Secured Nonrecourse Obligations and (y) nonrecourse obligations incurred in
connection with leveraged lease transactions as determined in accordance with GAAP.

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

     “Information Memorandum” means the confidential information memorandum dated
April, 2011 used by the Agent in connection with the syndication of the Commitments.

     “Interest Period” means, for each Eurodollar Rate Advance comprising part of
the same Borrowing, the period commencing on the date of such Eurodollar Rate Advance or the
date of the Conversion of any Base Rate Advance into such Eurodollar Rate Advance and ending
on the last day of the period selected by the Borrower pursuant to the provisions below and,
thereafter, each subsequent period commencing on the last day of the immediately preceding
Interest Period and ending on the last day of the period selected by the Borrower pursuant
to the provisions below. The duration of each such Interest Period shall be one, two or
three weeks or one, two, three or six months or, subject to clause (c) of this definition,
nine or twelve months, as the Borrower may, upon notice not later than 1:00 P.M. (New York
City time) on the third Business Day prior to the first day of such Interest Period to the
Agent (which shall promptly notify each of the Lenders), select; provided,
however, that:

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

     (b) Interest Periods commencing on the same date for Eurodollar Rate Advances
comprising part of the same Borrowing shall be of the same duration;

     (c) in the case of any Borrowing, the Borrower shall not be entitled to select
an Interest Period having a duration of nine or twelve months unless, by 2:00 P.M.
(New York City time) on the third Business Day prior to the first day of such
Interest Period, each Lender notifies the Agent that such Lender will be providing
funding for the Borrowing with such Interest Period (the failure of any Lender to so
respond by such time being deemed for all purposes of this Agreement as an objection
by such Lender to the requested duration of such Interest Period); provided
that, if any or all of the Lenders object to the requested duration of such Interest
Period, the duration of the Interest Period for such Borrowing shall be one, two,
three or six months, as specified by the Borrower in the applicable Notice of
Revolving Credit Borrowing as the desired alternative to an Interest Period of nine
or twelve months;

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

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month, the last day of such Interest Period shall occur on the next preceding
Business Day; and

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

     “Issuing Bank” means an Initial Issuing Bank, an Assuming Lender or any
Eligible Assignee to which a portion of the Letter of Credit Commitment hereunder has been
assigned pursuant to Section 8.07 so long as such Eligible Assignee expressly agrees to
perform in accordance with their terms all of the obligations that by the terms of this
Agreement are required to be performed by it as an Issuing Bank and notifies the Agent of
its Applicable Lending Office (which information shall be recorded by the Agent in the
Register), for so long as the Initial Issuing Bank, Assuming Lender or Eligible Assignee, as
the case may be, shall have a Letter of Credit Commitment.

     “L/C Cash Collateral Account” means an interest bearing cash collateral account
to be established and maintained by the Agent, over which the Agent shall have sole dominion
and control, upon terms as may be satisfactory to the Agent.

     “L/C Exposure” has the meaning specified in the definition of “Fronting
Exposure.”

     “L/C Related Documents” has the meaning specified in Section 2.06(b)(i).

     “Lender Insolvency Event” means that (i) a Lender or its Parent Company is
insolvent, or is generally unable to pay its debts as they become due, or admits in writing
its inability to pay its debts as they become due, or makes a general assignment for the
benefit of its creditors, or (ii) a Lender or its Parent Company is the subject of a
bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver,
trustee, conservator, intervenor or sequestrator or the like has been appointed for a Lender
or its Parent Company, or a Lender or its Parent Company has taken any action in furtherance
of or indicating its consent to or acquiescence in any such proceeding or appointment.

     “Lenders” means the Initial Lenders, each Issuing Bank, each Assuming Lender
that shall become a party hereto pursuant to Section 2.18 or 2.19 and each Person that shall
become a party hereto pursuant to Section 8.07.

     “Letter of Credit Agreement” has the meaning specified in Section 2.03(a).

     “Letter of Credit Commitment” means, with respect to each Initial Issuing Bank,
the amount set forth opposite the Initial Issuing Bank’s name on Schedule I hereto under the
caption “Letter of Credit Commitment” or, if such Initial Issuing Bank has entered into one
or more Assignment and Assumptions, the amount set forth for such Issuing Bank in the
Register maintained by the Agent pursuant to Section 8.07(c) as such Issuing Bank’s “Letter
of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to
Section 2.05.

     “Letter of Credit Facility” means, at any time, an amount equal to the lesser
of (a) the aggregate amount of the Issuing Banks’ Letter of Credit Commitments at such time
and (b) $50,000,000, as such amount may be reduced at or prior to such time pursuant to
Section 2.05.

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     “Letters of Credit” has the meaning specified in Section 2.01(b).

     “LIBOR Swing Line Advance” means a Swing Line Advance that bears interest as
provided in Section 2.07(a)(iii)(B).

     “LIBO Rate” means, for any Swing Line Borrowing, an interest rate per annum
equal to the rate per annum (rounded upward to the nearest whole multiple of 1/16 of 1% per
annum) appearing on Reuters Screen LIBOR01 Page (or any successor page) as the London
interbank offered rate for deposits in U.S. dollars at approximately 11:00 A.M. (London
time) two Business Days prior to the date of such Swing Line Borrowing for a term of one
week or, if for any reason such rate is not available, the average (rounded upward to the
nearest whole multiple of 1/16 of 1% per annum, if such average is not such a multiple) of
the rate per annum at which deposits in U.S. dollars are offered by the principal office of
each of the Swing Line Banks in London, England to prime banks in the London interbank
market at 11:00 A.M. (London time) two Business Days before the date of such Swing Line
Borrowing in an amount substantially equal to such Swing Line Bank’s Swing Line Advance
comprising part of the applicable Swing Line Borrowing and for a period equal to one week.

     “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien,
pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset and
(b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease
or title retention agreement (or any financing lease having substantially the same economic
effect as any of the foregoing) relating to such asset, other than an operating lease.

     “Material Adverse Effect” means a material adverse effect on (a) the business,
financial condition, operations or properties of the Borrower and its Subsidiaries taken as
a whole, (b) the ability of the Borrower to perform any of its obligations under this
Agreement (including the timely payment of all amounts due hereunder), (c) the rights of or
benefits available to the Agent and the Lenders under this Agreement or (d) the validity or
enforceability of this Agreement.

     “Material Indebtedness” means Indebtedness (other than the Advances), or
obligations in respect of one or more Hedging Agreements, of any one or more of the Borrower
and its Subsidiaries in a principal amount exceeding $50,000,000. For purposes of
determining Material Indebtedness, the “principal amount” of the obligations of the Borrower
or any Subsidiary in respect of any Hedging Agreement at any time shall be the maximum
aggregate amount (giving effect to any netting agreements) that the Borrower or such
Subsidiary would be required to pay if such Hedging Agreement were terminated at such time.

     “Material Subsidiary” means each Subsidiary that either (a) as of the end of
the most recently completed fiscal year of the Borrower for which audited financial
statements are available, has assets that exceed 5% of the total consolidated balance sheet
assets of the Borrower and all of its Subsidiaries, as of the last day of such period or (b)
for the most recently completed fiscal year of the Borrower for which audited financial
statements are available, has revenues that exceed 10% of the consolidated revenue of the
Borrower and all of its Subsidiaries for such period.

     “Moody’s” means Moody’s Investors Service, Inc.

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

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     “Non-Consenting Lender” has the meaning specified in Section 2.19(b).

     “Non-Defaulting Lender” means, at any time, a Lender that is not a Defaulting
Lender.

     “Note” means a promissory note of the Borrower payable to the order of any
Lender, delivered pursuant to a request made under Section 2.16 in substantially the form of
Exhibit A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender
resulting from the Revolving Credit Advances made by such Lender.

     “Notice of Issuance” has the meaning specified in Section 2.03(a).

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

     “Notice of Swing Line Borrowing” has the meaning specified in Section 2.02(b).

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

     “Parent Company” means, with respect to a Lender, the bank holding company (as
defined in Federal Reserve Board Regulation Y), if any, of such Lender, or if such Lender
does not have a bank holding company, then any corporation, association, partnership or
other business entity owning, beneficially or of record, directly or indirectly, a majority
of the shares of such Lender.

     “Participant” has the meaning assigned to such term in clause (d) of Section
8.07.

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

     “Permitted Encumbrances” means:

     (a) Liens imposed by law for taxes or under ERISA in respect of contingent
liabilities thereunder that are not yet due or are being contested in compliance
with Section 5.01(d);

     (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other
like Liens imposed by law, arising in the ordinary course of business and securing
obligations that are not overdue by more than 30 days or are being contested in
compliance with Section 5.01(d);

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

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

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

     (f) banker’s liens and rights of set-off;

     provided that the term “Permitted Encumbrances” shall not include any Lien
securing Indebtedness.

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

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

     “Public Debt Rating” means, as of any date, the rating that has been most
recently announced by either S&P or Moody’s, as the case may be, for any class of non-credit
enhanced long-term senior unsecured debt issued by the Borrower or, if any such rating
agency shall have issued more than one such rating, the lowest such rating issued by such
rating agency. For purposes of the foregoing, (a) if only one of S&P and Moody’s shall have
in effect a Public Debt Rating, the Applicable Margin and the Applicable Percentage shall be
determined by reference to the available rating; (b) if neither S&P nor Moody’s shall have
in effect a Public Debt Rating, the Applicable Margin and the Applicable Percentage will be
set in accordance with Level 5 under the definition of “Applicable Margin” or
“Applicable Percentage”, as the case may be; (c) if the ratings established by S&P
and Moody’s shall fall within different levels, the Applicable Margin and the Applicable
Percentage shall be based upon the higher rating unless such ratings differ by two or more
levels, in which case the applicable level will be deemed to be one level below the higher
of such levels; (d) if any rating established by S&P or Moody’s shall be changed, such
change shall be effective as of the date on which such change is first announced publicly by
the rating agency making such change; and (e) if S&P or Moody’s shall change the basis on
which ratings are established, each reference to the Public Debt Rating announced by S&P or
Moody’s, as the case may be, shall refer to the then equivalent rating by S&P or Moody’s, as
the case may be.

     “Ratable Share” of any amount means, with respect to any Lender at any time,
the product of (a) a fraction the numerator of which is the amount of such Lender’s
Revolving Credit Commitment at such time and the denominator of which is the aggregate
Revolving Credit Commitments at such time and (b) such amount.

     “Reference Banks” means Citibank and Bank of America, N.A. or their successors.

     “Register” has the meaning specified in Section 8.07(c).

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     “Related Parties” means, with respect to any Person, such Person’s Affiliates
and the partners, directors, officers, employees, agents, trustees, administrators,
managers, advisors and representatives of such Person and of such Person’s Affiliates.

     “Required Lenders” means at any time Lenders owed at least a majority in
interest of the then aggregate unpaid principal amount of the Revolving Credit Advances
owing to Lenders, or, if no such principal amount is then outstanding, Lenders having at
least a majority in interest of the Revolving Credit Commitments; provided that if
any Lender shall be a Defaulting Lender at such time, there shall be excluded from the
determination of Required Lenders at such time the Revolving Credit Commitments of such
Defaulting Lender at such time.

     “Revolving Credit Advance” means an advance by a Lender to the Borrower as part
of a Revolving Credit Borrowing under Section 2.01(a), or by an Issuing Bank in accordance
with Section 2.03(c), and refers to a Base Rate Advance or a Eurodollar Rate Advance (each
of which shall be a “Type” of Advance).

     “Revolving Credit Borrowing” means a borrowing consisting of simultaneous
Revolving Credit Advances of the same Type made by the Lenders.

     “Revolving Credit Commitment” means as to any Lender (a) the amount set forth
opposite such Lender’s name on Schedule I hereto as such Lender’s “Revolving Credit
Commitment”, (b) if such Lender has become a Lender hereunder pursuant to an Assumption
Agreement, the amount set forth in such Assumption Agreement or (c) if such Lender has
entered into any Assignment and Assumption, the amount set forth for such Lender in the
Register maintained by the Agent pursuant to Section 8.07(c), as such amount may be reduced
pursuant to Section 2.05.

     “Revolving Credit Facility” means, at any time, the aggregate amount of the
Lenders’ Revolving Credit Commitments at such time.

     “S&P” means Standard & Poor’s, a division of The McGraw-Hill Companies, Inc.

     “Secured Nonrecourse Obligations” means (i) secured obligations of the Borrower
taken on a consolidated basis where recourse of the payee of such obligations is expressly
limited to an assigned lease or loan receivable and the property related thereto, (ii) debt
of Single Transaction Subsidiaries or (iii) liabilities of the Borrower taken on a
consolidated basis to manufacturers of leased equipment where such liabilities are payable
solely out of revenues derived from the leasing or sale of such equipment; excluding,
however, nonrecourse obligations incurred in connection with leveraged lease transactions as
determined in accordance with GAAP.

     “Single Transaction Subsidiary” means any Subsidiary whose assets consist
solely of financing transactions and the proceeds thereof with one or more obligors where
the obligations of such Subsidiary are not guaranteed by the Borrower or any other
Subsidiary and for which neither the Borrower nor such other Subsidiary is liable.

     “subsidiary” means, with respect to any Person (the “Parent”) at any
date, any other Person that, as of such date, the accounts of which would be consolidated
with those of the Parent in the Parent’s consolidated financial statements if such financial
statements were prepared in accordance with GAAP, as well as any other Person of which
securities or other ownership interests representing more than 50% of the equity or more
than 50% of the ordinary voting

14

 

power or, in the case of a partnership, more than 50% of the general partnership
interests are, as of such date, owned, controlled or held.

     “Subsidiary” means any subsidiary of the Borrower.

     “Swing Line Advance” means an advance made by any Swing Line Bank pursuant to
Section 2.01(c) or any Lender pursuant to Section 2.02(b).

     “Swing Line Bank” means Citibank, any other Lender that expressly agrees to
perform in accordance with their terms all of the obligations that by the terms of this
Agreement are required to be performed by it as an Swing Line Bank and notifies the Agent of
its Swing Line Commitment, or their respective successors and assigns.

     “Swing Line Borrowing” means a borrowing consisting of a Swing Line Advance
made by any Swing Line Bank.

     “Swing Line Commitment” means with respect to any Swing Line Bank at any time
the amount set forth opposite such Swing Line Bank’s name on Schedule I hereto, as such
amount may be reduced pursuant to Section 2.05.

     “Swing Line Facility” has the meaning specified in Section 2.01(c).

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

     “Termination Date” means the earlier of (a) May 9, 2015, subject to the
extension thereof pursuant to Section 2.19 and (b) the date of termination in whole of the
Commitments pursuant to Section 2.05 or 6.01; provided, however, that the
Termination Date of any Lender that is a Non-Consenting Lender to any requested extension
pursuant to Section 2.19 shall be the Termination Date in effect immediately prior to the
applicable Extension Date for all purposes of this Agreement.

     “Transactions” means the execution, delivery and performance by the Borrower of
this Agreement, the borrowing of Advances, the issuance of Letters of Credit and the use of
the proceeds thereof.

     “Unused Revolving Credit Commitment” means, with respect to each Lender at any
time, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum
of (i) the aggregate principal amount of all Advances made by such Lender (in its capacity
as a Lender) and outstanding at such time, plus (ii) such Lender’s Ratable Share of
(A) the aggregate Available Amount of all the Letters of Credit outstanding at such time,
(B) the aggregate principal amount of all Advances made by each Issuing Bank pursuant to
Section 2.03(c) that have not been ratably funded by such Lender and outstanding at such
time and (C) the aggregate principal amount of all Swing Line Advances then outstanding, in
each case after giving effect to any adjustments made in accordance with Section 2.20(a).

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

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

          SECTION 1.03. Accounting Terms. All accounting terms not specifically defined herein
shall be construed in accordance with GAAP in effect from time to time. All computations
determining compliance with financial covenants or terms shall be prepared in accordance with GAAP
in effect from time to time. If at any time any change in GAAP or the required adoption by the
Borrower of international financial reporting standards would affect the computation of any
financial ratio or requirement set forth in this Agreement, and either the Borrower or the Majority
Lenders shall so request, the Agent, the Lenders and the Borrower shall negotiate in good faith to
amend such ratio or requirement to preserve the original intent thereof in light of such change in
GAAP or the adoption of such international financial reporting standards (subject to the approval
of the Majority Lenders); provided that, until so amended, (i) such ratio or requirement shall
continue to be computed in accordance with GAAP prior to such change therein or the adoption of
such international financial reporting standards and (ii) the Borrower shall provide to the Agent
and the Lenders financial statements and other documents required under this Agreement or as
reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or
requirement made before and after giving effect to such change in GAAP or the adoption of such
international financial reporting standards.

ARTICLE II

AMOUNTS AND TERMS OF THE ADVANCES AND LETTERS OF CREDIT

          SECTION 2.01. The Advances and Letters of Credit. (a) Revolving Credit
Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to
make Revolving Credit Advances to the Borrower from time to time on any Business Day during the
period from the Effective Date until the Termination Date applicable to such Lender in an amount
not to exceed at any time such Lender’s Unused Revolving Credit Commitment. Each Borrowing shall
be in an aggregate amount of $1,000,000 or an integral multiple of $1,000,000 in excess thereof and
shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders
ratably according to their respective Revolving Credit Commitments. Within the limits of each
Lender’s Revolving Credit Commitment, the Borrower may borrow under this Section 2.01(a), prepay
pursuant to Section 2.10 and reborrow under this Section 2.01(a).

          (b) Letters of Credit. Each Issuing Bank agrees, on the terms and conditions
hereinafter set forth, to issue letters of credit (each, a “Letter of Credit”) for the
account of the Borrower from time to time on any Business Day during the period from the Effective
Date until 30 days before the final Termination Date in an aggregate Available Amount (i) for all
Letters of Credit not to exceed at any time the Letter of Credit Facility at such time, (ii) for
all Letters of Credit issued by each Issuing Bank not to exceed at any time such Issuing Bank’s
Letter of Credit Commitment at such time and (iii) for each such Letter of Credit not to exceed an
amount equal to the Unused Revolving Credit Commitments of the Lenders at such time. Each Letter
of Credit shall be for an amount of $40,000 or more. No Letter of Credit shall have an expiration
date (including all rights of the Borrower or the beneficiary to require renewal) later than the
earlier of (x) the date that is one year after the date of issuance thereof or (y) 10 Business Days
prior to the Termination Date, provided that no Letter of Credit may expire after the
Termination Date of any Non-Consenting Lender if, after giving effect to such issuance, the
aggregate Revolving Credit Commitments of the Consenting Lenders (including any replacement
Lenders) for the period following such Termination Date would be less than the sum of the Available
Amount of the Letters of Credit expiring after such Termination Date plus the aggregate outstanding
Revolving Credit Advances of the Consenting Lenders. Within the limits referred to above, the Borrower may
request the

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issuance of Letters of Credit under this Section 2.01(b), repay any Revolving Credit
Advances resulting from drawings thereunder pursuant to Section 2.03(c) and request the issuance of
additional Letters of Credit under this Section 2.01(b). Each letter of credit listed on Schedule
2.01(b) (the “Existing Letters of Credit”) shall be deemed to constitute a Letter of Credit
issued hereunder, and each Lender that is an issuer of such a Letter of Credit shall, for purposes
of Section 2.03, be deemed to be an Issuing Bank for each such letter of credit, provided
than any renewal or replacement of any such letter of credit shall be issued by an Issuing Bank
pursuant to the terms of this Agreement.

          (c) The Swing Line Advances. Each Swing Line Bank severally agrees, on the terms and
conditions hereinafter set forth, to make Swing Line Advances to the Borrower from time to time on
any Business Day during the period from the Effective Date until the Termination Date applicable to
such Swing Line Bank (i) in an aggregate amount not to exceed at any time outstanding (x) such
Swing Line Bank’s Swing Line Commitment or (y) for all Swing Line Advances, $30,000,000 (the
“Swing Line Facility”) and (ii) in an amount for each such Advance not to exceed the
aggregate Unused Revolving Credit Commitments of the Lenders at such time. No Swing Line Advance
shall be used for the purpose of funding the payment of principal of any other Swing Line Advance.
Each Swing Line Borrowing shall be in an amount of $1,000,000 or an integral multiple of $1,000,000
in excess thereof. Within the limits referred to above, the Borrower may borrow under this Section
2.01(c), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(c).

          SECTION 2.02. Making the Advances. (a) Except as otherwise provided in Section
2.02(b) or Section 2.03(c), each Borrowing shall be made on notice, given not later than (x) 1:00
P.M. (New York City time) on the third Business Day prior to the date of the proposed Borrowing in
the case of a Borrowing consisting of Eurodollar Rate Advances or (y) 1:00 P.M. (New York City
time) on the date of the proposed Borrowing in the case of a Borrowing consisting of Base Rate
Advances, by the Borrower to the Agent, which shall give to each Lender prompt notice thereof by
facsimile. Each such notice of a Borrowing (a “Notice of Revolving Credit Borrowing”)
shall be by telephone, confirmed immediately in writing, or facsimile in substantially the form of
Exhibit B hereto, specifying therein the requested (i) date of such Borrowing, (ii) Type of
Advances comprising such Borrowing, (iii) aggregate amount of such Borrowing, and (iv) in the case
of a Borrowing consisting of Eurodollar Rate Advances, initial Interest Period for each such
Advance. Each Lender shall, before 3:00 P.M. (New York City time) on the date of such Borrowing
make available for the account of its Applicable Lending Office to the Agent at the Agent’s
Account, in same day funds, such Lender’s ratable portion of such Borrowing. After the Agent’s
receipt of such funds and upon fulfillment of the applicable conditions set forth in Article III,
the Agent will make such funds available to the Borrower at the Borrower’s account as specified in
writing by two Financial Officers of the Borrower; provided, however, that the
Agent shall first make a portion of such funds equal to the aggregate principal amount of any Swing
Line Advances made by the Swing Line Banks and by any other Lender and outstanding on the date of
such Revolving Credit Borrowing, plus interest accrued and unpaid thereon to and as of such date,
available to the Swing Line Banks and such other Lenders for repayment of such Swing Line Advances.

          (b) Each Swing Line Borrowing shall be made on notice, given not later than 3:00 P.M. (New
York City time) on the date of the proposed Swing Line Borrowing by the Borrower to each Swing Line
Bank and the Agent, of which the Agent shall give prompt notice to the Lenders. Each such notice
of a Swing Line Borrowing (a “Notice of Swing Line Borrowing”) shall be by telephone,
confirmed at once in writing, or facsimile, specifying therein the requested (i) date of such
Borrowing, (ii) amount of such Borrowing, (iii) maturity of such Borrowing (which maturity shall be
no later than the fifth Business Day after the requested date of such Borrowing) and (iv) whether
such Swing Line Borrowing will bear interest as a Fed Funds Swing Line Advance or a LIBOR Swing
Line Advance. Each Swing Line Bank shall, before 5:00 P.M. (New York City time) on the date of such Swing
Line Borrowing, make such Swing Line Bank’s ratable portion of such Swing Line Borrowing available
(based

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on the respective Swing Line Commitments of the Swing Line Banks) to the Agent at the
Agent’s Account, in same day funds. After the Agent’s receipt of such funds and upon fulfillment
of the applicable conditions set forth in Article III, the Agent will make such funds available to
the Borrower at the Borrower’s account as specified in writing by two Financial Officers of the
Borrower. Upon written demand by any Swing Line Bank with a Swing Line Advance, with a copy of
such demand to the Agent, each other Lender will purchase from such Swing Line Bank, and such Swing
Line Bank shall sell and assign to each such other Lender, such other Lender’s Ratable Share of
such outstanding Swing Line Advance, by making available for the account of its Applicable Lending
Office to the Agent for the account of such Swing Line Bank, by deposit to the Agent’s Account, in
same day funds, an amount equal to the portion of the outstanding principal amount of such Swing
Line Advance to be purchased by such Lender. The Borrower hereby agrees to each such sale and
assignment. Each Lender agrees to purchase its Ratable Share of an outstanding Swing Line Advance
on (i) the Business Day on which demand therefor is made by the Swing Line Bank which made such
Advance, provided that notice of such demand is given not later than 11:00 A.M. (New York
City time) on such Business Day or (ii) the first Business Day next succeeding such demand if
notice of such demand is given after such time. Upon any such assignment by Swing Line Bank to any
other Lender of a portion of a Swing Line Advance, such Swing Line Bank represents and warrants to
such other Lender that such Swing Line Bank is the legal and beneficial owner of such interest
being assigned by it, but makes no other representation or warranty and assumes no responsibility
with respect to such Swing Line Advance, this Agreement, the Notes or the Borrower. If and to the
extent that any Lender shall not have so made the amount of such Swing Line Advance available to
the Agent, such Lender agrees to pay to the Agent forthwith on demand such amount together with
interest thereon, for each day from the date such Lender is required to have made such amount
available to the Agent until the date such amount is paid to the Agent, at the Federal Funds Rate.
If such Lender shall pay to the Agent such amount for the account of such Swing Line Bank on any
Business Day, such amount so paid in respect of principal shall constitute a Swing Line Advance
made by such Lender on such Business Day for purposes of this Agreement, and the outstanding
principal amount of the Swing Line Advance made by such Swing Line Bank shall be reduced by such
amount on such Business day.

          (c) Anything in subsection (a) above to the contrary notwithstanding, (i) the Borrower may not
select Eurodollar Rate Advances for any Borrowing if the aggregate amount of such Borrowing is less
than $1,000,000 or if the obligation of the Lenders to make Eurodollar Rate Advances shall then be
suspended pursuant to Section 2.08 or 2.12 and (ii) the Eurodollar Rate Advances may not be
outstanding as part of more than six separate Borrowings.

          (d) Each Notice of Revolving Credit Borrowing and Notice of Swing Line Borrowing shall be
irrevocable and binding on the Borrower. In the case of any Revolving Credit Borrowing that the
related Notice of Revolving Credit Borrowing specifies is to be comprised of Eurodollar Rate
Advances, the Borrower shall indemnify each Lender against any loss, cost or expense incurred by
such Lender as a result of any failure to fulfill on or before the date specified in such Notice of
Revolving Credit Borrowing for such Revolving Credit Borrowing the applicable conditions set forth
in Article III, including, without limitation, any loss (excluding loss of anticipated profits
(including the Applicable Margin)), cost or expense incurred by reason of the liquidation or
reemployment of deposits or other funds as a result of any failure to fulfill on or before the date
specified in such Notice of Revolving Credit Borrowing or Notice of Swing Line Borrowing for such
Borrowing the applicable conditions set forth in Article III.

          (e) Unless the Agent shall have received notice from a Lender or a Swing Line Bank prior to
the time of any Revolving Credit Borrowing or Swing Line Borrowing, as the case may be, that
such Lender or Swing Line Bank will not make available to the Agent such Lender’s or Swing
Line Bank’s ratable portion of such Revolving Credit Borrowing or Swing Line Borrowing, as the case
may

18

 

be, the Agent may assume that such Lender or Swing Line Bank has made such portion available to
the Agent on the date of such Borrowing in accordance with subsection (a) or (b) of this Section
2.02, as applicable, and the 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 or Swing Line
Bank shall not have so made such ratable portion available to the Agent, such Lender and the
Borrower severally agree to repay to the Agent forthwith on demand such corresponding amount
together with interest thereon, for each day from the date such amount is made available to the
Borrower until the date such amount is repaid to the Agent, at (i) in the case of the Borrower, the
interest rate applicable at the time to the Advances comprising such Borrowing and (ii) in the case
of such Lender or Swing Line Bank, the Federal Funds Rate. If such Lender or Swing Line Bank shall
repay to the Agent such corresponding amount, such amount so repaid shall constitute such Lender’s
or Swing Line Bank’s Advance as part of such Borrowing for purposes of this Agreement.

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

          SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit.
(a) Request for Issuance. Each Letter of Credit shall be issued upon notice, given not
later than 1:00 P.M. (New York City time) on the fifth Business Day prior to the date of the
proposed issuance of such Letter of Credit (or on such shorter notice as the applicable Issuing
Bank may agree), by the Borrower to any Issuing Bank, and such Issuing Bank shall give the Agent
prompt notice thereof by facsimile. Each such notice of issuance of a Letter of Credit (a
“Notice of Issuance”) shall be by telephone, confirmed immediately in writing, or
facsimile, specifying therein the requested (A) date of such issuance (which shall be a Business
Day), (B) Available Amount of such Letter of Credit, (C) expiration date of such Letter of Credit
(which shall not be later than the earlier of (x) 10 Business Days prior to the Termination Date
and (y) one year after the issuance thereof), (D) name and address of the beneficiary of such
Letter of Credit and (E) form of such Letter of Credit, and shall be accompanied by such customary
application and agreement for letter of credit as such Issuing Bank may specify to the Borrower for
use in connection with such requested Letter of Credit (a “Letter of Credit Agreement”).
If the requested form of such Letter of Credit is acceptable to such Issuing Bank in its sole
discretion, such Issuing Bank will, upon fulfillment of the applicable conditions set forth in
Article III, make such Letter of Credit available to the Borrower requesting such issuance at its
office referred to in Section 8.02 or as otherwise agreed with the Borrower in connection with such
issuance. In the event and to the extent that the provisions of any Letter of Credit Agreement
shall conflict with this Agreement, the provisions of this Agreement shall govern.

          If the Borrower so requests with respect to any Letter of Credit, an Issuing Bank may, in its
sole and absolute discretion, agree to issue a Letter of Credit that has automatic extension
provisions (each, an “Auto-Extension Letter of Credit”); provided that any such
Auto-Extension Letter of Credit must permit the Issuing Bank to prevent any such extension at least
once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by
giving prior notice to the beneficiary thereof not later than a day (the “Nonextension Notice
Date”) in each such twelve-month period to be
agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by an
Issuing Bank, the Borrower shall not be required to make a specific request to such Issuing Bank
for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall
be deemed to have authorized

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(but may not require) the Issuing Bank to permit the extension of such
Letter of Credit at any time to an expiry date not later than 10 Business Days prior to the
Termination Date; provided, however, that an Issuing Bank shall not permit any such
extension if such Issuing Bank has determined that it would not be permitted to or would have no
obligation at such time to issue such Letter of Credit in its revised form (as extended) under the
terms hereof by reason of (A) the provisions of Section 2.01(b) or (B) the failure of one or more
of the applicable conditions specified in Section 3.02 to be then satisfied.

          (b) Participations. By the issuance of a Letter of Credit (or an amendment to a
Letter of Credit increasing the amount thereof) and without any further action on the part of the
applicable Issuing Bank or the Lenders, such Issuing Bank hereby grants to each Lender, and each
Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to
such Lender’s Ratable Share of the aggregate amount available to be drawn under such Letter of
Credit. The Borrower hereby agrees to each such participation. In consideration and in
furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to
the Agent, for the account of such Issuing Bank, such Lender’s Ratable Share of each drawing made
under a Letter of Credit funded by such Issuing Bank and not reimbursed by the Borrower on the date
made, or of any reimbursement payment required to be refunded to the Borrower for any reason. Each
Lender acknowledges and agrees that its obligation to acquire participations pursuant to this
paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected
by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of
Credit or the occurrence and continuance of a Default or reduction or termination of the Revolving
Credit Commitments, and that each such payment shall be made without any offset, abatement,
withholding or reduction whatsoever. Each Lender further acknowledges and agrees that its
participation in each Letter of Credit will be automatically adjusted to reflect such Lender’s
Ratable Share of the Available Amount of such Letter of Credit at each time such Lender’s Revolving
Credit Commitment is amended pursuant to the operation of Section 2.18, an assignment in accordance
with Section 8.07 or otherwise pursuant to this Agreement.

          (c) Drawing and Reimbursement. Except to the extent that the Borrower has previously
provided to the applicable Issuing Bank funds in an amount equal to such draft drawn under a Letter
of Credit, the payment by such Issuing Bank of a draft drawn under any Letter of Credit shall
constitute for all purposes of this Agreement the making by any such Issuing Bank of a Revolving
Credit Advance, which shall be a Base Rate Advance, in the amount of such draft. Each Issuing Bank
shall give prompt notice (and such Issuing Bank will use its commercially reasonable efforts to
deliver such notice within one Business Day) of each drawing under any Letter of Credit issued by
it to the Borrower and the Agent. Upon written demand by such Issuing Bank, with a copy of such
demand to the Agent, each Lender shall pay to the Agent such Lender’s Ratable Share of such
outstanding Revolving Credit Advance, by making available for the account of its Applicable Lending
Office to the Agent for the account of such Issuing Bank, by deposit to the Agent’s Account, in
same day funds, an amount equal to the portion of the outstanding principal amount of such
Revolving Credit Advance to be funded by such Lender. Promptly after receipt thereof, the Agent
shall transfer such funds to such Issuing Bank. Each Lender agrees to fund its Ratable Share of an
outstanding Revolving Credit Advance on (i) the Business Day on which demand therefor is made by
such Issuing Bank, provided that notice of such demand is given not later than 11:00 A.M.
(New York City time) on such Business Day, or (ii) the first Business Day next succeeding such
demand if notice of such demand is given after such time. If and to the extent that any Lender
shall not have so made the amount of such Revolving Credit Advance available to the Agent, such
Lender agrees to pay to the Agent forthwith on demand such amount together with interest thereon,
for each day from the date of demand by any such Issuing Bank until the date such amount is paid to
the Agent, at the Federal Funds Rate for its account or the account of such Issuing Bank, as
applicable. If such Lender shall pay to the Agent such amount for the account of any such
Issuing Bank on any Business Day, such amount so paid in respect of principal shall constitute a
Revolving Credit Advance made by such Lender on such Business Day for purposes of this Agreement,
and the outstanding

20

 

principal amount of the Revolving Credit Advance made by such Issuing Bank
shall be reduced by such amount on such Business Day.

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

          (e) Failure to Make Revolving Credit Advances. The failure of any Lender to make the
Revolving Credit Advance to be made by it on the date specified in Section 2.03(c) shall not
relieve any other Lender of its obligation hereunder to make its Revolving Credit Advance on such
date, but no Lender shall be responsible for the failure of any other Lender to make the Revolving
Credit Advance to be made by such other Lender on such date.

          SECTION 2.04. Fees. (a) Facility Fee. The Borrower agrees to pay to the
Agent for the account of each Lender a facility fee on the aggregate amount of such Lender’s
Revolving Credit Commitment from the Effective Date in the case of each Initial Lender and from the
effective date specified in the Assumption Agreement or in the Assignment and Assumption pursuant
to which it became a Lender in the case of each other Lender until the Termination Date applicable
to such Lender at a rate per annum equal to the Applicable Percentage in effect from time to time,
payable in arrears quarterly on the last day of each March, June, September and December,
commencing June 30, 2011, and on the final Termination Date, provided that no Defaulting
Lender shall be entitled to receive any facility fee in respect of its unused Commitment for any
period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to
pay such fee that otherwise would have been required to have been paid to that Defaulting Lender).

          (b) Letter of Credit Fees. (i) The Borrower shall pay to the Agent for the account
of each Lender a commission on such Lender’s Ratable Share of the average daily aggregate Available
Amount of all Letters of Credit outstanding from time to time at a rate per annum equal to the
Applicable Margin for Eurodollar Rate Advances in effect from time to time, payable in arrears
quarterly on the last day of each March, June, September and December, commencing June 30, 2011,
and on the final Termination Date, and after the final Termination Date payable upon demand;
provided that the Applicable Margin shall increase by 2% upon the occurrence and during the
continuation of an Event of Default if the Borrower is required to pay default interest pursuant to
Section 2.07(b); provided, further, that at any time there is a Defaulting Lender,
(i) no Defaulting Lender shall be entitled to receive any such fees or commissions, (ii) to the
extent that all or a portion of the L/C Exposure of any Defaulting Lender is reallocated to the
Non-Defaulting Lenders pursuant to Section 2.20(a), such fees that would have accrued for the
benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such
Non-Defaulting Lenders, pro rata in accordance with their respective Commitments,
and (iii) to the extent that all or any portion of the L/C Exposure cannot be so reallocated, such
fees will instead accrue for the benefit of and be payable to the Issuing Banks pro
rata in accordance with their Ratable Share of the average daily aggregate Available Amount
of all Letters of Credit outstanding.

     (ii) The Borrower shall pay to each Issuing Bank for its own account such reasonable
and customary fronting, issuance, presentation, amendment and other processing fees as may
from time to time be agreed in writing between the Borrower and such Issuing Bank.

          (c) Agent’s Fees. The Borrower shall pay to the Agent for its own account such fees
as have been agreed between the Borrower and the Agent.

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          SECTION 2.05. Optional Termination or Reduction of the Commitments. The Borrower
shall have the right, upon at least three Business Days’ notice to the Agent (which shall promptly
notify each of the Lenders), to terminate in whole or permanently reduce ratably in part the Unused
Revolving Credit Commitments, provided that each partial reduction (i) shall be in the
aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii)
shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments.

          SECTION 2.06. Repayment. (a) Revolving Credit Advances. The Borrower shall
repay to the Agent for the ratable account of each Lender on the Termination Date applicable to
such Lender the aggregate principal amount of the Revolving Credit Advances made by such Lender and
then outstanding.

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

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

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

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

     (iv) any statement or any other document presented under a Letter of Credit proving to
be forged, fraudulent, invalid or insufficient in any respect or any statement therein being
untrue or inaccurate in any respect;

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

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

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

22

 

          (c) Swing Line Advances. The Borrower shall repay to the Agent for the ratable
account of the Swing Line Banks and each other Lender which has made a Swing Line Advance the
outstanding principal amount of each Swing Line Advance made to it by each of them on the earlier
of the maturity date specified in the applicable Notice of Swing Line Borrowing (which maturity
shall be no later than five Business Days after the requested date of such Borrowing) and the final
Termination Date.

          SECTION 2.07. Interest on Advances. (a) Scheduled Interest. The Borrower
shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the
date of such Advance until such principal amount shall be paid in full, at the following rates per
annum:

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

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

     (iii) Swing Line Advances. (A) In the case of a Fed Funds Swing Line Advance,
a rate per annum equal at all times to the sum of (w) the Federal Funds Rate in effect from
time to time plus (x) 0.50% per annum plus (y) the Applicable Margin for
Eurodollar Rate Advances in effect from time to time, and (B) in the case of a LIBOR Swing
Line Advance, a rate per annum equal at all times to the sum of (x) the LIBO Rate for such
Swing Line Advance plus (y) the Applicable Margin for Eurodollar Rate Advances in
effect from time to time, in each case payable in arrears the date such Swing Line Advance
shall be paid in full

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

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

23

 

Section 2.07(a)(i) or (ii), and the rate, if any, furnished by each Reference
Bank for the purpose of determining the interest rate under Section 2.07(a)(ii).

          (b) If, with respect to any Eurodollar Rate Advances under any Facility, the Lenders owed at
least 51% of the aggregate principal amount thereof notify the Agent that the Eurodollar Rate for
any Interest Period for such Advances will not adequately reflect the cost to such Required Lenders
of making, funding or maintaining their respective Eurodollar Rate Advances for such Interest
Period, the Agent shall forthwith so notify the Borrower and the Lenders, whereupon (i) each
Eurodollar Rate Advance under such Facility will automatically, on the last day of the then
existing Interest Period therefor, Convert into a Base Rate Advance, and (ii) the obligation of the
Lenders to make, or to Convert Advances into, Eurodollar Rate Advances shall be suspended until the
Agent shall notify the Borrower that such Lenders have determined that the circumstances causing
such suspension no longer exist.

          (c) If the Borrower shall fail to select the duration of any Interest Period for any
Eurodollar Rate Advances in accordance with the provisions contained in the definition of “Interest
Period” in Section 1.01, the Agent will forthwith so notify the Borrower and the Lenders and such
Advances will automatically, on the last day of the then existing Interest Period therefor, Convert
into a Eurodollar Rate Borrowing having an Interest Period of one month.

          (d) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances
comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than
$1,000,000, such Advances shall automatically Convert into Base Rate Advances.

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

          (f) If Reuters Screen LIBOR01 Page is unavailable and fewer than two Reference Banks furnish
timely information to the Agent for determining the Eurodollar Rate for any Eurodollar Rate
Advances,

     (i) the Agent shall forthwith notify the Borrower and the Lenders that the interest
rate cannot be determined for such Eurodollar Rate Advances,

     (ii) each such Advance will automatically, on the last day of the then existing
Interest Period therefor, Convert into a Base Rate Advance (or if such Advance is then a
Base Rate Advance, will continue as a Base Rate Advance), and

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

          SECTION 2.09. Optional Conversion of Advances. The Borrower may on any Business Day,
upon notice not later than 1:00 P.M. (New York City time) on the third Business Day prior to the
date of the proposed Conversion to the Agent (which shall promptly notify each of the Lenders) and
subject to the provisions of Sections 2.08 and 2.12, Convert all or any portion of Revolving Credit
Advances of one Type comprising the same Borrowing into Revolving Credit Advances of the other
Type; provided, however, that any Conversion of Base Rate Advances into Eurodollar
Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(c),
no Conversion of any Advances shall result in more separate Borrowings than permitted under Section
2.02(c) and each

24

 

Conversion of Advances comprising part of the same Borrowing shall be made ratably
among the Lenders in accordance with their Revolving Credit Commitments and provided,
further that for any Conversion of Eurodollar Rate Advances into Base Rate Advances made
other than on the last day of an Interest Period for such Eurodollar Rate Advances the Borrower
shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each
such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of
such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar
Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of
Conversion shall be irrevocable and binding on the Borrower.

          SECTION 2.10. Prepayments of Advances. The Borrower may, upon notice at least two
Business Days prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and
not later than 1:00 P.M. (New York City time) on the date of such prepayment, in the case of Base
Rate Advances, to the Agent (which shall promptly notify each of the Lenders) stating the proposed
date and aggregate principal amount of the prepayment, and if such notice is given the Borrower
shall, prepay the outstanding principal amount of the Advances comprising part of the same
Borrowing in whole or ratably in part, together with accrued interest to the date of such
prepayment on the principal amount prepaid; provided, however, that (x) each
partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple
of $1,000,000 in excess thereof, (y) each partial prepayment of Swing Line Advances shall in an
aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment
of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect
thereof pursuant to Section 8.04(c).

          SECTION 2.11. Increased Costs. (a) If, due to either (i) the introduction of or any
change in or in the interpretation of any law or regulation or (ii) the compliance with any
guideline or request from any central bank or other Governmental Authority (whether or not having
the force of law), there shall be any increase in the cost to any Lender of agreeing to make or
making, funding or maintaining Eurodollar Rate Advances or agreeing to issue or of issuing or
maintaining or participating in Letters of Credit (excluding for purposes of this Section 2.11 any
such increased costs resulting from (i) Taxes or Other Taxes (as to which Section 2.14 shall
govern), (ii) changes in the basis of taxation of overall net income or overall gross income by the
United States or by the foreign jurisdiction or state under the laws of which such Lender is
organized or has its Applicable Lending Office or any political subdivision thereof and (iii) any
such costs reflected in the Eurodollar Rate Reserve Percentage), then the Borrower shall from time
to time, upon demand by such Lender (with a copy of such demand to the Agent), pay to the Agent for
the account of such Lender additional amounts sufficient to compensate such Lender for such
increased cost. A certificate as to the amount of such increased cost, submitted to the Borrower
and the Agent by such Lender, shall be conclusive and binding for all purposes, absent manifest
error.

          (b) Except to the extent reflected in the Eurodollar Rate Reserve Percentage, if any Lender
determines that compliance with any law or regulation or any guideline or request from any central
bank or other Governmental Authority (whether or not having the force of law) affects or would
affect the amount of capital required or expected to be maintained by such Lender or any
corporation controlling such Lender and that the amount of such capital is increased by or based
upon the existence of such Lender’s commitment to lend or to issue or participate in Letters of
Credit hereunder and other commitments of this type or the issuance or maintenance of or
participation in the Letters of Credit (or similar contingent obligations), then, upon demand by
such Lender (with a copy of such demand to the Agent), the Borrower shall pay to the Agent for the
account of such Lender, from time to time as specified by such Lender, additional amounts
sufficient to compensate such Lender or such corporation in the light of such circumstances, to the
extent that such Lender reasonably determines such increase in capital to be allocable to the
existence of such Lender’s commitment to lend or to issue or participate in Letters of Credit
hereunder or the issuance or maintenance of or participation in the Letters of Credit. For

25

 

the avoidance of doubt, this Section 2.11(b) shall apply to all requests, rules, guidelines or
directives concerning capital adequacy (x) issued in connection with the Dodd-Frank Wall Street
Reform and Consumer Protection Act or (y) promulgated by the Bank for International Settlements,
the Basel Committee on Banking Supervision (or any successor or similar authority) or the United
States or foreign regulatory authorities, in each case pursuant to Basel III, regardless of the
date enacted, adopted or issued. A certificate as to such amounts submitted to the Borrower and
the Agent by such Lender shall be conclusive and binding for all purposes, absent manifest error.

          (c) Failure or delay on the part of any Lender to demand compensation pursuant to this Section
shall not constitute a waiver of such Lender’s right to demand such compensation; provided
that the Borrower shall not be required to compensate a Lender pursuant to this Section for any
increased costs or reductions incurred more than six months prior to the date that such Lender
notifies the Borrower of the change or circumstance giving rise to such increased costs or
reductions and of such Lender’s intention to claim compensation therefor; provided
further that, if the change or circumstance giving rise to such increased costs or
reductions is retroactive, then the six-month period referred to above shall be extended to include
the period of retroactive effect thereof.

          SECTION 2.12. Illegality. Notwithstanding any other provision of this Agreement, if
any Lender shall notify the Agent that the introduction of or any change in or in the
interpretation of any law or regulation makes it unlawful, or any central bank or other
Governmental Authority asserts that it is unlawful, for any Lender or its Eurodollar Lending Office
to perform its obligations hereunder to make Eurodollar Rate Advances or to fund or maintain
Eurodollar Rate Advances hereunder, (a) each Eurodollar Rate Advance under the Facility under which
such Lender has a Commitment will automatically, upon the last day of the applicable Interest
Period or, if required by applicable law, immediately upon such demand, Convert into a Base Rate
Advance and (b) the obligation of the Lenders to make Eurodollar Rate Advances or to Convert
Advances into Eurodollar Rate Advances shall be suspended until the Agent shall notify the Borrower
that such Lender has determined that the circumstances causing such suspension no longer exist.

          SECTION 2.13. Payments and Computations. (a) The Borrower shall make each payment
hereunder, irrespective of any right of counterclaim or set-off, not later than 1:00 P.M. (New
York City time) on the day when due in U.S. dollars to the Agent at the Agent’s Account in same day
funds. The Agent will promptly thereafter cause to be distributed like funds relating to the
payment of principal, interest, fees or commissions ratably (other than amounts payable pursuant to
Section 2.04(b)(ii), 2.11, 2.14 or 8.04) to the Lenders for the account of their respective
Applicable Lending Offices, and like funds relating to the payment of any other amount payable to
any Lender to such Lender for the account of its Applicable Lending Office, in each case to be
applied in accordance with the terms of this Agreement. Upon any Assuming Lender becoming a Lender
hereunder as a result of a Commitment Increase pursuant to Section 2.18 or an extension of the
Termination Date pursuant to Section 2.19, and upon the Agent’s receipt of such Lender’s Assumption
Agreement and recording of the information contained therein in the Register, from
and after the applicable Increase Date or Extension Date, as the case may be, the Agent shall
make all payments hereunder and under any Notes issued in connection therewith in respect of the
interest assumed thereby to the Assuming Lender. Upon its acceptance of an Assignment and
Assumption and recording of the information contained therein in the Register pursuant to Section
8.07(c), from and after the effective date specified in such Assignment and Assumption, the Agent
shall make all payments hereunder and under the Notes in respect of the interest assigned thereby
to the Lender assignee thereunder, and the parties to such Assignment and Assumption shall make all
appropriate adjustments in such payments for periods prior to such effective date directly between
themselves.

26

 

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

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

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

          (e) If the Agent receives funds for application to the obligations hereunder under
circumstances for which neither this Agreement nor the Borrower specify the Advances or the
Facility to which, or the manner in which, such funds are to be applied, the Agent may, but shall
not be obligated to, elect to distribute such funds to each Lender ratably in accordance with such
Lender’s proportionate share of the principal amount of all outstanding Advances and the Available
Amount of all Letters of Credit then outstanding, in repayment or prepayment of such of the
outstanding Advances or other obligations owed to such Lender, and for application to such
principal installments, as the Agent shall direct.

          SECTION 2.14. Taxes. (a) Any and all payments by or on account of any obligation of
the Borrower hereunder shall be made free and clear of and without deduction for any Indemnified
Taxes or Other Taxes; provided that if the Borrower shall be required to deduct any
Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable shall be increased as
necessary so that after making all required deductions (including deductions applicable to
additional sums payable under this Section) the Agent, Lender or Issuing Bank (as the case may be)
receives an amount equal to the sum it would have received had no such deductions been made, (ii)
the Borrower shall make such deductions and (iii) the Borrower shall pay the full amount deducted
to the relevant Governmental Authority in accordance with applicable law.

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

          (c) The Borrower shall indemnify the Agent, each Lender and each Issuing Bank, within 10 days
after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes
(including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts
payable under this Section) paid by the Agent, such Lender or the Issuing Bank, as the case may be,
and any penalties, interest and reasonable expenses arising therefrom or with respect thereto,
whether or not

27

 

such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted
by the relevant Governmental Authority. A certificate as to the amount of such payment or
liability setting forth in reasonable detail the basis and calculation of such amount delivered to
the Borrower by a Lender or an Issuing Bank, or by the Agent on its own behalf or on behalf of a
Lender or an Issuing Bank, shall be conclusive absent manifest error.

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

          (e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax
under the law of the jurisdiction in which the Borrower is located, or any treaty to which such
jurisdiction is a party, with respect to payments under this Agreement shall deliver to the
Borrower (with a copy to the Agent), at the time or times prescribed by applicable law or
reasonably requested by the Borrower, such properly completed and executed documentation prescribed
by applicable law as will permit such payments to be made without withholding or at a reduced rate.
Each Foreign Lender will, on or prior to the date of its execution and delivery of this Agreement
in the case of each Initial Lender and on the date of the Assumption Agreement or the Assignment
and Assumption pursuant to which it becomes a Lender in the case of each other Lender, and from
time to time thereafter as reasonably requested in writing by the Borrower (but only so long as
such Lender remains lawfully able to do so), shall provide each of the Agent and the Borrower with
two original Internal Revenue Service Forms W-8BEN or W-8ECI, as appropriate, or any successor or
other form prescribed by the Internal Revenue Service, certifying that such Lender is exempt from
or entitled to a reduced rate of United States withholding tax on payments pursuant to this
Agreement or any Notes.

          (f) If a payment made to a Lender under this Agreement would be subject to United States
federal withholding tax imposed by FATCA if such Lender were to fail to comply with the applicable
reporting requirements of FATCA, such Lender shall deliver to the Borrower and the Agent, at the
time or times prescribed by law and at such time or times reasonably requested by either the
Borrower or the Agent, such documentation prescribed by applicable law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by
either the Borrower or the Agent, as applicable, as may be necessary for either the Borrower or the
Agent, as applicable, to comply with its obligations under FATCA, to determine that such Lender has
complied with such Lender’s obligations under FATCA or to determine the amount to deduct and
withhold from such payment.

          SECTION 2.15. Sharing of Payments, Etc. If any Lender shall obtain any payment
(whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) on
account of the Advances owing to it (other than (w) in respect of Defaulting Lenders, (x) as
payment of an Advance made by an Issuing Bank pursuant to the first sentence of Section 2.03(c),
(y) as a payment of a Swing Line Advance made by a Swing Line Bank that has not been participated
to the other Lenders pursuant to Section 2.02(b) or (z) pursuant to Section
2.11, 2.14 or 8.04) in excess of its ratable share of payments on account of the Advances
obtained by all the Lenders, such Lender shall forthwith purchase from the other Lenders such
participations in the Advances owing to them as shall be necessary to cause such purchasing Lender
to share the excess payment ratably with each of them; provided, however, that if
all or any portion of such excess payment is thereafter recovered from such purchasing Lender, such
purchase from each Lender shall be rescinded and such Lender shall repay to the purchasing Lender
the purchase price to the extent of such recovery together with an amount equal to such Lender’s
ratable share (according to the proportion of (i) the amount of such Lender’s required repayment to
(ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid
or payable by the purchasing Lender in

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respect of the total amount so recovered provided
further that, so long as the obligations under this Agreement and any Notes shall not have
been accelerated, any excess payment received by any Lender shall be shared on a pro rata basis
only with other Lenders. The Borrower agrees that any Lender so purchasing a participation from
another Lender pursuant to this Section 2.15 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 2.16. Evidence of Debt. (a) Each Lender shall maintain in accordance with
its usual practice an account or accounts evidencing the indebtedness of the Borrower to such
Lender resulting from each Advance owing to such Lender from time to time, including the amounts of
principal and interest payable and paid to such Lender from time to time hereunder in respect of
Advances. The Borrower agrees that upon notice by any Lender to the Borrower (with a copy of such
notice to the Agent) to the effect that a Note is required or appropriate in order for such Lender
to evidence (whether for purposes of pledge, enforcement or otherwise) the Advances owing to, or to
be made by, such Lender, the Borrower shall promptly execute and deliver to such Lender a Note in
substantially the form of Exhibit A hereto, payable to the order of such Lender in a principal
amount equal to the Revolving Credit Commitment of such Lender.

          (b) The Register maintained by the Agent pursuant to Section 8.07(c) shall include a control
account, and a subsidiary account for each Lender, in which accounts (taken together) shall be
recorded (i) the date and amount of each Borrowing made hereunder, the Type of Advances comprising
such Borrowing and, if appropriate, the Interest Period applicable thereto, (ii) the terms of each
Assumption Agreement and each Assignment and Assumption delivered to and accepted by it, (iii) the
amount of any principal or interest due and payable or to become due and payable from the Borrower
to each Lender hereunder and (iv) the amount of any sum received by the Agent from the Borrower
hereunder and each Lender’s share thereof.

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

          SECTION 2.17. Use of Proceeds. The proceeds of the Advances shall be available (and
the Borrower agrees that it shall use such proceeds) for general corporate purposes of the Borrower
and its Subsidiaries.

          SECTION 2.18. Increase in the Aggregate Revolving Credit Commitments. (a) The
Borrower may, not more than once
in any calendar year prior to the final Termination Date, by notice to the Agent, request that
the aggregate amount of the Revolving Credit Commitments be increased by an amount of $10,000,000
or an integral multiple of $1,000,000 in excess thereof (each a “Commitment Increase”) to
be effective as of a date that is at least 90 days prior to the scheduled final Termination Date
then in effect (the “Increase Date”) as specified in the related notice to the Agent;
provided, however that (i) in no event shall the aggregate amount of the Revolving
Credit Commitments at any time exceed $650,000,000 and (ii) on the date of any request by the
Borrower for a Commitment Increase and on the related Increase Date, the applicable conditions set
forth in Article III shall be satisfied.

29

 

          (b) The Agent shall promptly notify the Lenders and such other Eligible Assignees approved by
the Agent, each Issuing Bank and each Swing Line Bank as the Borrower may identify of a request by
the Borrower for a Commitment Increase, which notice shall include (i) the proposed amount of such
requested Commitment Increase, (ii) the proposed Increase Date and (iii) the date by which Lenders
and such Eligible Assignees wishing to participate in the Commitment Increase must commit to an
increase in the amount of their respective Commitments (the “Commitment Date”). Each
Lender that is willing to participate in such requested Commitment Increase (each an
“Increasing Lender”) and each Eligible Assignee that is willing to participate in such
requested Commitment Increase (each such Eligible Assignee and each Eligible Assignee that agrees
to an extension of the Termination Date in accordance with Section 2.19(c), an “Assuming
Lender”) shall, in its sole discretion, give written notice to the Agent on or prior to the
Commitment Date of the amount by which it is willing to participate in such Commitment Increase;
provided, however, that the Revolving Credit Commitment of each such Assuming
Lender shall be in an amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof.
If the Lenders and Assuming Lenders notify the Agent that they are willing to increase the amount
of their respective Revolving Credit Commitments by an aggregate amount that exceeds the amount of
the requested Commitment Increase, the requested Commitment Increase shall be allocated among the
Lenders and Assuming Lenders willing to participate therein in such amounts as are agreed between
the Borrower and the Agent.

          (c) Promptly following each Commitment Date, the Agent shall notify the Borrower as to the
amount, if any, by which the Increasing Lenders and Assuming Lenders are willing to participate in
the requested Commitment Increase. On each Increase Date, each Assuming Lender shall become a
Lender party to this Agreement as of such Increase Date and the Revolving Credit Commitment of each
Increasing Lender for such requested Commitment Increase shall be so increased by such amount (or
by the amount allocated to such Lender pursuant to the last sentence of Section 2.18(b)) as of such
Increase Date; provided, however, that the Agent shall have received on or before
such Increase Date the following, each dated such date:

     (i) (A) certified copies of resolutions of the Board of Directors of the Borrower or
the Executive Committee of such Board approving the Commitment Increase and the
corresponding modifications to this Agreement and (B) an opinion of counsel for the Borrower
(which may be in-house counsel), confirming the opinion delivered pursuant to Section
3.01(e)(iv);

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

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

On each Increase Date, upon fulfillment of the conditions set forth in the immediately preceding
sentence of this Section 2.18(c), the Agent shall notify the Lenders (including, without
limitation, each Assuming Lender) and the Borrower, on or before 1:00 P.M. (New York City time), by
facsimile, of the occurrence of the Commitment Increase to be effected on such Increase Date and
shall record in the Register the relevant information with respect to each Increasing Lender and
each Assuming Lender on such date. Each Increasing Lender and each Assuming Lender shall, as of
the Increase Date, fund their respective Ratable Shares of each Revolving Credit Borrowing then
outstanding, which funds the Agent shall distribute to the other Lenders to effect a funding of
each such Borrowing by each of the Lenders (including the Increasing Lenders and the Assuming
Lenders) ratably in accordance with their Ratable Shares after giving effect to the applicable
Commitment Increase and, if the applicable Increase Date is

30

 

not the last day of an Interest Period, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section
8.04(c) as if such distribution were a prepayment.

          SECTION 2.19. Extension of Termination Date. (a) At least 45 days but not more than
90 days prior to the first and/or second anniversary of the Effective Date, the Borrower, by
written notice to the Agent, may request an extension of the Termination Date in effect at such
time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender
of such request, and each Lender shall in turn, in its sole discretion, not later than 20 days
prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such
Lender will consent to such extension. If any Lender shall fail to notify the Agent and the
Borrower in writing of its consent to any such request for extension of the Termination Date at
least 20 days prior to the applicable anniversary date, such Lender shall be deemed to be a
Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later
than 15 days prior to the applicable anniversary date of the decision of the Lenders regarding the
Borrower’s request for an extension of the Termination Date.

          (b) If all the Lenders consent in writing to any such request in accordance with subsection
(a) of this Section 2.19, the Termination Date in effect at such time shall, effective as at the
applicable anniversary date (the “Extension Date”), be extended for one year;
provided that on each Extension Date the applicable conditions set forth in Article III
shall be satisfied. If less than all of the Lenders consent in writing to any such request in
accordance with subsection (a) of this Section 2.19, the Termination Date in effect at such time
shall, effective as at the applicable Extension Date and subject to subsection (d) of this Section
2.19, be extended as to those Lenders that so consented (each a “Consenting Lender”) but
shall not be extended as to any other Lender (each a “Non-Consenting Lender”). To the
extent that the Termination Date is not extended as to any Lender pursuant to this Section 2.19 and
the Commitment(s) of such Lender is not assumed in accordance with subsection (c) of this Section
2.19 on or prior to the applicable Extension Date, the Commitment(s) of such Non-Consenting Lender
shall automatically terminate in whole on such unextended Termination Date without any further
notice or other action by the Borrower, such Lender or any other Person; provided that such
Non-Consenting Lender’s rights under Sections 2.11, 2.14 and 8.04, and its obligations under
Section 7.05, shall survive the Termination Date for such Lender as to matters occurring prior to
such date. It is understood and agreed that no Lender shall have any obligation whatsoever to
agree to any request made by the Borrower for any requested extension of the Termination Date.

          (c) If less than all of the Lenders consent to any such request pursuant to subsection (a) of
this Section 2.19, the Borrower may arrange for one or more Consenting Lenders or other Eligible
Assignees approved by the Agent, each Issuing Bank and each Swing Line Bank as Assuming Lenders to
assume, effective as of the Extension Date, any Non-Consenting Lender’s Commitment(s) and all of
the obligations of such Non-Consenting Lender under this Agreement thereafter arising, without
recourse to or warranty by, or expense to, such Non-Consenting Lender; provided,
however, that the amount of the Revolving Credit Commitment of any such Assuming Lender as
a result of such substitution shall in no
event be less than $5,000,000 unless the amount of the Commitment of such Non-Consenting
Lender is less than $5,000,000, in which case such Assuming Lender shall assume all of such lesser
amount; and provided further that:

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

31

 

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

     (iii) with respect to any such Assuming Lender, the applicable processing and
recordation fee required under Section 8.07(b) for such assignment shall have been paid;

provided further that such Non-Consenting Lender’s rights under Sections 2.11, 2.14
and 8.04, and its obligations under Section 7.05, shall survive such substitution as to matters
occurring prior to the date of substitution. At least three Business Days prior to any Extension
Date, (A) each such Assuming Lender, if any, shall have delivered to the Borrower and the Agent an
Assumption Agreement, duly executed by such Assuming Lender, such Non-Consenting Lender, the
Borrower and the Agent, (B) any such Consenting Lender shall have delivered confirmation in writing
satisfactory to the Borrower and the Agent as to the increase in the amount of its Commitment and
(C) each Non-Consenting Lender being replaced pursuant to this Section 2.19 shall have delivered to
the Agent any Note or Notes held by such Non-Consenting Lender. Upon the payment or prepayment of
all amounts referred to in clauses (i), (ii) and (iii) of the immediately preceding sentence, each
such Consenting Lender or Assuming Lender, as of the Extension Date, will be substituted for such
Non-Consenting Lender under this Agreement and shall be a Lender for all purposes of this
Agreement, without any further acknowledgment by or the consent of the other Lenders, and the
obligations of each such Non-Consenting Lender hereunder shall, by the provisions hereof, be
released and discharged.

          (d) If (after giving effect to any assignments or assumptions pursuant to subsection (c) of
this Section 2.19) Lenders having Revolving Credit Commitments equal to at least 50% of the
Revolving Credit Commitments in effect immediately prior to the Extension Date consent in writing
to a requested extension (whether by execution or delivery of an Assumption Agreement or otherwise)
not later than one Business Day prior to such Extension Date, the Agent shall so notify the
Borrower, and, subject to the satisfaction of the applicable conditions in Article III, the
Termination Date then in effect shall be extended for the additional one-year period as described
in subsection (a) of this Section 2.19, and all references in this Agreement, and in the Notes, if
any, to the “Termination Date” shall, with respect to each Consenting Lender and each
Assuming Lender for such Extension Date, refer to the Termination Date as so extended. Promptly
following each Extension Date, the Agent shall notify the Lenders (including, without limitation,
each Assuming Lender) of the extension of the scheduled Termination Date in effect immediately
prior thereto and shall thereupon record in the Register the relevant information with respect to
each such Consenting Lender and each such Assuming Lender.

          SECTION 2.20. Defaulting Lender. (a) If a Lender becomes, and during the period it
remains, a Defaulting Lender, the following provisions shall apply:

     (i) such Defaulting Lenders’ Ratable Share of the L/C Exposure and the Swing Line
Advances will, subject to the limitation in the first proviso below, automatically be
reallocated (effective on the day such Lender becomes a Defaulting Lender) among the
Non-Defaulting Lenders pro rata in accordance with their respective
Commitments (such reallocation to be repeated as of any date that a Lender becomes a
Defaulting Lender, whether on the date that such Lender is required to purchase its
participation in any Letter of Credit or otherwise); provided that (A) the sum of
each Non-Defaulting Lender’s aggregate principal amount of Revolving Credit Advances,
allocated share of the L/C Exposure and allocated share of the principal amount of
outstanding Swing Line Advances may not in any event exceed the Commitment of such
Non-Defaulting Lender as in effect at the time of such reallocation and (B) neither such
reallocation
nor any payment by a Non-Defaulting Lender pursuant thereto will constitute a waiver or
release

32

 

of any claim the Borrower, the Agent, any Issuing Bank, any Swing Line Bank or any
other Lender may have against such Defaulting Lender or cause such Defaulting Lender to be a
Non-Defaulting Lender;

     (ii) to the extent that any portion (the “unreallocated portion”) of the
Defaulting Lender’s share of the L/C Exposure and Swing Line Advances cannot be so
reallocated, whether by reason of the proviso in clause (i) above or otherwise, the Borrower
will, not later than three Business Days after demand by the Agent (at the direction of an
Issuing Bank and/or a Swing Line Bank, as the case may be), (A) Cash Collateralize the
obligations of the Borrower to each Issuing Bank and each Swing Line Bank in respect of such
L/C Exposure or Swing Line Advances, as the case may be, in an amount at least equal to the
aggregate amount of the unreallocated portion of such L/C Exposure or Swing Line Advances,
or (B) in the case of such Swing Line Advances, prepay (subject to clause (iii) below)
and/or Cash Collateralize in full the unreallocated portion thereof, or (C) make other
arrangements satisfactory to the Agent, and to each Issuing Bank and each Swing Line Bank,
as the case may be, in their sole discretion to protect them against the risk of non-payment
by such Defaulting Lender; provided that cash collateral (or the appropriate portion
thereof) provided in respect of the unreallocated portion of the L/C Exposure or Swing Line
Advances shall be released promptly following: (x) the elimination of the applicable L/C
Exposure or Swing Line Advances giving rise thereto (including by the termination of
Defaulting Lender status of the applicable Lender) or (y) the Borrower notifying the Agent
that such cash collateral exceeds the required amount of Cash Collateralization and the
Agent’s confirmation of such excess (it being understood that only such excess amount shall
be so released); provided further that in accordance with Section 2.04, to
the extent that the Borrower has Cash Collateralized the aggregate amount of the
unreallocated portion of such L/C Exposure or Swing Line Advances, such unreallocated
portion shall not accrue any fees, commissions or interest; and

     (iii) any amount paid by the Borrower or otherwise received by the Agent for the
account of a Defaulting Lender under this Agreement (whether on account of principal,
interest, fees, indemnity payments or other amounts) will not be paid or distributed to such
Defaulting Lender, but will instead be at the direction of the Borrower (A) retained by the
Agent to Cash Collateralize the obligations of the Borrower to each Issuing Bank and each
Swing Line Bank in respect of such Defaulting Lender’s unreallocated portion of the L/C
Exposure or Swing Line Advances or to fund any Advance in respect of which such Defaulting
Lender has failed to fund its portion thereof as required, or (B) retained by the Agent in a
segregated non-interest bearing account until (subject to Section 2.20(d)) the termination
of the Commitments and payment in full of all obligations of the Borrower hereunder and will
be applied by the Agent, to the fullest extent permitted by law, to the making of payments
from time to time in the following order of priority: first to the payment of any
amounts owing by such Defaulting Lender to the Agent under this Agreement, second to
the payment of any amounts owing by such Defaulting Lender to an Issuing Bank or a Swing
Line Bank (pro rata as to the respective amounts owing to each of them)
under this Agreement, third to the payment of post-default interest and then current
interest due and payable to the Lenders hereunder other than Defaulting Lenders, ratably
among them in accordance with the amounts of such interest then due and payable to them,
fourth to the payment of fees then due and payable to the Non-Defaulting Lenders
hereunder, ratably among them in accordance with the amounts of such fees then due and
payable to them, fifth to pay principal then due and payable to the Non-Defaulting
Lenders hereunder ratably in accordance with the amounts thereof then due and payable to
them, sixth to the ratable payment of other amounts then due and payable to the
Non-Defaulting Lenders, and seventh after the termination of the Commitments, the
expiration, termination or cancellation of all Letters of Credit and payment in
full of all obligations of the Borrower hereunder, to pay amounts owing under this
Agreement to

33

 

such Defaulting Lender or as a court of competent jurisdiction may otherwise
direct. Subject to Section 2.04, any payments, prepayments or other amounts paid or payable
to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender
or to post cash collateral pursuant to this Section 2.20 shall be deemed paid to and
redirected by such Defaulting Lender, and each Lender irrevocably consents hereto;
provided that any such amount received by the Agent pursuant to this Section
2.20(a)(iii) shall, subject to Section 2.20(c), be released to the applicable Defaulting
Lender promptly upon such Defaulting Lender no longer being deemed to be a Defaulting
Lender.

          (b) No Commitment of any Lender shall be increased or otherwise affected, and, except as
otherwise expressly provided in this Section 2.20, performance by the Borrower of its obligations
shall not be excused or otherwise modified, as a result of the operation of this Section 2.20. The
rights and remedies against a Defaulting Lender under this Section 2.20 are in addition to any
other rights and remedies which the Borrower, the Agent or any Lender may have against such
Defaulting Lender.

          (c) If the Borrower and the Agent agree in writing in their reasonable determination that a
Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Agent will so notify
the parties hereto, whereupon as of the effective date specified in such notice and subject to any
conditions set forth therein (which may include arrangements with respect to any cash collateral),
that Lender will, to the extent applicable, purchase that portion of outstanding Advances and L/C
Exposure of the other Lenders or take such other actions as the Agent may determine to be necessary
to cause the Advances and L/C Exposure to be held on a pro rata basis by the Lenders in accordance
with their pro rata share, whereupon such Lender will cease to be a Defaulting Lender;
provided that no adjustments will be made retroactively with respect to fees accrued or
payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and
provided, further, that except to the extent otherwise expressly agreed by the
affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or
release of any claim of any party hereunder arising from such Lender’s having been a Defaulting
Lender.

          (d) The Borrower’s obligation to provide cash collateral as and when required pursuant to this
Section 2.20 is a required payment under this Agreement.

          SECTION 2.21. Replacement of Lenders. If any Lender requests compensation under
Section 2.11, or if the Borrower is required to pay additional amounts to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 2.14, or if any Lender is
a Defaulting Lender, then the Borrower may, at its sole expense and effort, upon notice to such
Lender and the Agent, require such Lender to assign and delegate, without recourse (in accordance
with and subject to the restrictions contained in, and consents required by, Section 8.07), all of
its interests, rights and obligations under this Agreement to an Eligible Assignee that shall
assume such obligations (which assignee may be another Lender, if a Lender accepts such
assignment); provided that:

     (a) the Borrower shall have paid to the Agent the assignment fee (if any) specified in
Section 8.07;

     (b) such Lender shall have received payment of an amount equal to the outstanding
principal of its Advances and participations in L/C Disbursements, accrued interest thereon,
accrued fees and all other amounts payable to it hereunder (including any amounts under
Section
8.04(c)) from the assignee (to the extent of such outstanding principal and accrued
interest and fees) or the Borrower (in the case of all other amounts);

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     (c) in the case of any such assignment resulting from a claim for compensation under
Section 2.11 or payments required to be made pursuant to Section 2.14, such assignment will
result in a reduction in such compensation or payments thereafter; and

     (d) such assignment does not conflict with applicable law.

          A Lender shall not be required to make any such assignment or delegation if, prior thereto, as
a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to
require such assignment and delegation cease to apply.

ARTICLE III

CONDITIONS TO EFFECTIVENESS AND LENDING

          SECTION 3.01. Conditions Precedent to Effectiveness of Section 2.01. Section 2.01 of
this Agreement shall become effective on and as of the first date (the “Effective Date”) on
which the following conditions precedent have been satisfied:

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

          (b) The Borrower shall have notified each Lender and the Agent in writing as to the proposed
Effective Date.

          (c) The Borrower shall have paid all reasonable invoiced fees and expenses of the Agent and
the Lenders (including the fees and expenses of counsel to the Agent).

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

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

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

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

     (i) The Notes to the order of the Lenders to the extent requested by any Lender
pursuant to Section 2.16.

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

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

     (iv) A reasonably acceptable opinion of Peter Falconer, associate general counsel of
the Borrower, substantially in the form of Exhibit D hereto.

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

          (f) The Borrower shall have terminated the commitments of the lenders and repaid or prepaid
all of the obligations (other than in respect of the outstanding Existing Letters of Credit) under,
the Amended and Restated Five-Year Credit Agreement dated as of May 15, 2007 among the Borrower,
the lenders parties thereto and Citibank, N.A., as administrative agent, and each of the Lenders
that is a party to such credit facility hereby waives, upon execution of this Agreement, any notice
required by said Credit Agreement relating to the termination of commitments thereunder.

          SECTION 3.02. Conditions Precedent to Each Borrowing, Commitment Increase, Extension Date
and Issuance. The obligation of each Lender and each Swing Line Bank to make an Advance (other
than (x) a Swing Line Advance made by a Lender pursuant to Section 2.02(b) or (y) an Advance made
by any Issuing Bank or any Lender pursuant to Section 2.03(c)) on the occasion of each Borrowing,
each Commitment Increase, each extension of the Commitments and the obligation of each Issuing Bank
to issue a Letter of Credit shall be subject to the conditions precedent that the Effective Date
shall have occurred and on the date of such Borrowing, the applicable Increase Date, the applicable
Extension Date or such issuance the following statements shall be true (and each of the giving of
the applicable Notice of Revolving Credit Borrowing, Notice of Swing Line Borrowing, request for
Commitment Increase, request for Commitment extension or Notice of Issuance and the acceptance by
the Borrower of the proceeds of such Borrowing, shall constitute a representation and warranty by
the Borrower that on the date of such Borrowing, such Increase Date, such Extension Date or such
issuance such statements are true):

     (a) the representations and warranties contained in Section 4.01 (except the
representations set forth in subsection (d)(ii) thereof and in subsection (f) thereof) are
correct on and as of such date, before and after giving effect to such Borrowing, such
Commitment Increase, such Commitment extension or such issuance and to the application of
the proceeds therefrom, as though made on and as of such date, except to the extent such
representation or warranty related to a specific earlier date, in which case such
representation or warranty shall have been true and correct as of such earlier date, and

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

In addition to the other conditions precedent herein set forth, if any Lender becomes, and during
the period it remains, a Defaulting Lender, no Issuing Bank will be required to issue any Letter of
Credit or to
amend any outstanding Letter of Credit to increase the face amount thereof, alter the drawing terms
thereunder or extend, or permit the extension of, the expiry date thereof, and no Swing Line Bank
will be required to make any Swing Line Advance, unless any Fronting Exposure that would result
therefrom is eliminated or fully covered by the Commitments of the Non-Defaulting Lenders or by
Cash Collateralization or a combination thereof satisfactory to such Issuing Bank or Swing Line
Bank.

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          SECTION 3.03. Determinations Under Section 3.01. For purposes of determining
compliance with the conditions specified in Section 3.01, each Lender shall be deemed to have
consented to, approved or accepted or to be satisfied with each document or other matter required
thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an
officer of the Agent responsible for the transactions contemplated by this Agreement shall have
received notice from such Lender prior to the date that the Borrower, by notice to the Lenders,
designates as the proposed Effective Date, specifying its objection thereto. The Agent shall
promptly notify the Lenders of the occurrence of the Effective Date.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

          SECTION 4.01. Representations and Warranties. The Borrower represents and warrants
as follows:

          (a) Organization; Powers. Each of the Borrower and its Subsidiaries is duly
organized, validly existing and in good standing under the laws of the jurisdiction of its
organization, has all requisite power and authority to carry on its business as now conducted and,
except where the failure to do so, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect, is qualified to do business in, and is in good
standing in, every jurisdiction where such qualification is required.

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

          (c) Governmental Approvals; No Conflicts. The Transactions (i) do not require any
consent or approval of, registration or filing with, or any other action by, any Governmental
Authority, except such as have been obtained or made and are in full force and effect, (ii) will
not violate any applicable law or regulation or the charter, by-laws or other organizational
documents of the Borrower or any of its Subsidiaries or any order of any Governmental Authority,
(iii) will not violate or result in a default under any indenture, agreement or other instrument
binding upon the Borrower or any of its Subsidiaries or its assets, or give rise to a right
thereunder to require any payment to be made by the Borrower or any of its Subsidiaries, and (iv)
will not result in the creation or imposition of any Lien on any asset of the Borrower or any of
its Subsidiaries.

          (d) Financial Condition; No Material Adverse Change. (i) The Borrower has heretofore
furnished to the Lenders its consolidated balance sheet and statements of income, stockholders
equity and cash flows (A) as of and for the fiscal year ended December 31, 2010, reported on by
Ernst & Young LLP, independent public accountants, and (B) as of and for the fiscal quarter and the
portion of the
fiscal year ended March 31, 2011, certified by its chief financial officer. Such financial
statements present fairly, in all material respects, the financial position and results of
operations and cash flows of the Borrower and its consolidated Subsidiaries as of such dates and
for such periods in accordance with GAAP, consistently applied, subject to year-end audit
adjustments and the absence of footnotes in the case of the statements referred to in clause (B)
above.

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     (ii) Except for disclosures, if any, made in filings by the Borrower prior to the date
hereof pursuant to the Securities and Exchange Act of 1934, as amended, since December 31,
2010, there has been no material adverse change in the business, assets, operations or
condition, financial or otherwise, of the Borrower and its Subsidiaries, taken as a whole.

          (e) Properties. (i) Each of the Borrower and its Subsidiaries has good title to, or
valid leasehold interests in, all its real and personal property material to its business, except
for minor defects in title that do not interfere with its ability to conduct its business as
currently conducted or to utilize such properties for their intended purposes.

     (ii) Each of the Borrower and its Subsidiaries owns, or is licensed to use, all
trademarks, trade names, copyrights, patents and other intellectual property material to its
business, and the use thereof by the Borrower and its Subsidiaries does not infringe upon
the rights of any other Person, except for any such infringements that, individually or in
the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

          (f) Litigation and Environmental Matters. (i) There are no actions, suits or
proceedings by or before any arbitrator or Governmental Authority pending against or, to the
knowledge of the Borrower, threatened against or affecting the Borrower or any of its Subsidiaries
(A) which are likely, individually or in the aggregate, to result in a Material Adverse Effect
(other than the Disclosed Litigation) or (B) that involve this Agreement or the Transactions.

     (ii) Except for the Disclosed Litigation and except with respect to any other matters
that, individually or in the aggregate, are not likely to result in a Material Adverse
Effect, neither the Borrower nor any of its Subsidiaries (A) has failed to comply with any
Environmental Law or to obtain, maintain or comply with any permit, license or other
approval required under any Environmental Law, (B) has become subject to any Environmental
Liability, (C) has received notice of any claim with respect to any Environmental Liability
or (D) knows of any basis for any Environmental Liability.

     (iii) Since the date of this Agreement, there has been no change in the status of the
Disclosed Litigation that, individually or in the aggregate, has resulted in, or materially
increased the likelihood of, a Material Adverse Effect.

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

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

          (i) Taxes. Each of the Borrower and its Subsidiaries has timely filed or caused to be
filed all Tax returns and reports required to have been filed and has paid or caused to be paid all
Taxes required to have been paid by it, except (i) Taxes that are being contested in good faith by
appropriate proceedings and for which the Borrower or such Subsidiary, as applicable, has set aside
on its books adequate reserves or (ii) to the extent that the failure to do so could not reasonably
be expected to result in a Material Adverse Effect.

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          (j) ERISA. No ERISA Event has occurred or is reasonably expected to occur that, when
taken together with all other such ERISA Events for which liability is reasonably expected to
occur, could reasonably be expected to result in a Material Adverse Effect. The present value of
all accumulated benefit obligations under each Plan (based on the assumptions used for purposes of
Statement of Financial Accounting Standards No. 87) as of the date of the most recent financial
statements reflecting such amounts: (i) did not exceed the fair market value of the assets of such
Plan by an aggregate amount in excess of $25,000,000 or (ii) if such shortfall is in excess of such
amount, such shortfall could not reasonably be expected to result in a Material Adverse Effect.

          (k) Disclosure. None of the reports, financial statements, certificates or other
information furnished by or on behalf of the Borrower to the Agent or any Lender in connection with
the negotiation of this Agreement or delivered hereunder (as modified or supplemented by other
information so furnished) contains any material misstatement of fact or omits to state any material
fact necessary to make the statements therein, in the light of the circumstances under which they
were made, not misleading; provided that, with respect to projected financial information
the Borrower represents only that such information was prepared in good faith based upon
assumptions believed to be reasonable at the time.

ARTICLE V

COVENANTS

          SECTION 5.01. Affirmative Covenants. Until the Commitments and Letters of Credit
have expired or been terminated and the principal of and interest on each Advance and all fees
payable hereunder shall have been paid in full, the Borrower covenants and agrees with the Lenders
that:

          (a) Financial Statements and Other Information. The Borrower will furnish to the
Agent (which shall promptly furnish to each of the Lenders):

     (i) within 105 days after the end of each fiscal year of the Borrower, its audited
consolidated balance sheet and related statements of operations, stockholders’ equity and
cash flows as of the end of and for such year, setting forth in each case in comparative
form the figures for the previous fiscal year, all reported on by Ernst & Young LLP or other
independent public accountants of recognized national standing (without a going “concern” or
like qualification or exception and without any qualification or material exception as to
the scope of such audit) to the effect that such consolidated financial statements present
fairly in all material respects the financial condition and results of operations of the
Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP
consistently applied (the furnishing of the Borrower’s Form 10-K will satisfy the
requirements of this Section 5.01(a)(i));

     (ii) within 55 days after the end of each of the first three fiscal quarters of each
fiscal year of the Borrower, its consolidated balance sheet and related statements of
operations, stockholders’ equity and cash flows as of the end of and for such fiscal quarter
and the then
elapsed portion of the fiscal year, setting forth in each case in comparative form the
figures for the corresponding period or periods of (or, in the case of the balance sheet, as
of the end of) the previous fiscal year, all certified by one of its Financial Officers as
presenting fairly in all material respects the financial condition and results of operations
of the Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with
GAAP consistently applied, subject to normal year-end audit adjustments and the absence of
footnotes (the furnishing of the Borrower’s Form 10-Q will satisfy the requirements of this
Section 5.01(a)(ii));

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     (iii) concurrently with any delivery of financial statements under clause (i) or (ii)
above, a certificate of a Financial Officer of the Borrower (A) certifying as to whether a
Default has occurred since the delivery of the previous such certificate, or, with respect
to the first such certificate, the date hereof and, if such Default has occurred, specifying
the details thereof and any action taken or proposed to be taken with respect thereto, (B)
setting forth reasonably detailed calculations demonstrating compliance with Sections
5.02(a) and 5.03 and (C) stating whether any change in GAAP or in the application thereof
has occurred since the date of the audited financial statements referred to in Section
4.01(d) and, if any such change has occurred, specifying the effect of such change on the
financial statements accompanying such certificate;

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

     (v) promptly after the same become publicly available, copies of all periodic and other
reports, proxy statements and other material information filed by the Borrower or any
Subsidiary, with the Securities and Exchange Commission, or any Governmental Authority
succeeding to any or all of the functions of said Commission, or with any national
securities exchange, as the case may be; and

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

     The Borrower shall be deemed to have delivered the financial statements and other information
referred to in subclauses (i), (ii) and (v) of this Section 5.01(a), when such filings, financials
or other information have been posted on the Internet website of the Securities and Exchange
Commission (http://www.sec.gov) or on the Borrower’s own internet website as previously identified
to the Agent and Lenders. If the Agent or a Lender requests such filings, financial statements or
other information to be delivered to it in hard copies, the Borrower shall furnish to the Agent or
such Lender, as applicable, such statements accordingly, provided that no such request
shall affect that such filings, financial statements or other information have been deemed to have
been delivered in accordance with the terms of the immediately preceding sentence.

          (b) Notices of Material Events. The Borrower will furnish to the Agent (which shall
promptly furnish to each of the Lenders) prompt written notice of the following:

     (i) the occurrence of any Default;

     (ii) the filing or commencement of any action, suit or proceeding by or before any
arbitrator or Governmental Authority against or affecting the Borrower or any Affiliate
thereof that is likely to result in a Material Adverse Effect; and

     (iii) any other development that results in a Material Adverse Effect.

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

40

 

          (c) Existence; Conduct of Business. The Borrower will, and will cause each of its
Subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in full
force and effect its legal existence and the rights, licenses, permits, privileges and franchises
material to the conduct of its business; provided that the foregoing shall not prohibit any
merger, consolidation, liquidation or dissolution permitted under Section 5.02(b).

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

          (e) Maintenance of Properties; Insurance. The Borrower will, and will cause each of
its Subsidiaries to, (i) keep and maintain all property material to the conduct of its business in
good working order and condition, ordinary wear and tear excepted, and (ii) maintain, with
financially sound and reputable insurance companies, insurance in such amounts and against such
risks as are customarily maintained by companies engaged in the same or similar businesses
operating in the same or similar locations, in each case, except to the extent that the failure to
maintain any such insurance could not reasonably be expected to result in a Material Adverse
Effect.

          (f) Books and Records; Inspection Rights. The Borrower will, and will cause each of
its Subsidiaries to, keep proper books of record and account in which full, true and correct
entries are made of all dealings and transactions in relation to its business and activities. The
Borrower will, and will cause each of its Subsidiaries to, permit any representatives designated by
the Agent or any Lender, upon reasonable prior notice and (unless an Event of Default has occurred
and is continuing, at the expense of the Agent or such Lender, as the case may be), to visit and
inspect its properties, to examine and make extracts from its books and records, and to discuss its
affairs, finances and condition with its officers and independent accountants, all at such
reasonable times and as often as reasonably requested.

          (g) Compliance with Laws. The Borrower will, and will cause each of its Subsidiaries
to, comply with all laws, rules, regulations and orders of any Governmental Authority applicable to
it or its property, except where the failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect.

          (h) Use of Proceeds. The proceeds of the Advances will be used only for general
corporate purposes of the Borrower and its Subsidiaries in the ordinary course of business. No
part of the proceeds of any Advance will be used, whether directly or indirectly, for any purpose
that entails a violation of any of the regulations of the Federal Reserve Board, including
Regulations U and X.

          SECTION 5.02. Negative Covenants. Until the Commitments and Letters of Credit have
expired or terminated and the principal of and interest on each Advance and all fees payable
hereunder have been paid in full the Borrower covenants and agrees with the Lenders that:

          (a) Negative Pledge. The Borrower will not, nor will it permit any of its
Subsidiaries to, create, incur, assume or suffer to exist any Lien in, of or on any property of the
Borrower or any of its Subsidiaries, whether now owned or hereafter acquired, except:

     (i) Liens created for the benefit of the Lenders;

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     (ii) Liens existing on the date of this Agreement;

     (iii) Permitted Encumbrances;

     (iv) Liens on property (A) of a Subsidiary to secure only obligations owing to the
Borrower or another such Subsidiary or (B) of any Person which becomes a Subsidiary after
the date of this Agreement, provided that such Liens in this clause (B) are in
existence at the time such Person becomes a Subsidiary and were not created in anticipation
thereof;

     (v) Liens upon real and/or tangible personal property acquired after the date hereof
(by purchase, construction or otherwise) by the Borrower or any of its Subsidiaries, each of
which Liens either (A) existed on such property before the time of its acquisition and was
not created in anticipation thereof, or (B) was created solely for the purpose of securing
Indebtedness representing, or incurred to finance, refinance or refund, the cost (including
the cost of construction) of such property; provided that no such Lien shall extend
to or cover any property of the Borrower or such Subsidiary other than the property so
acquired and improvements thereon; provided, further, that the principal
amount of Indebtedness secured by any such Lien shall at no time exceed the fair market
value (as determined in good faith by a senior financial officer of the Borrower) of such
property at the time such Lien is created; and provided finally, that such
Lien attaches to such asset concurrently with or within 18 months of acquisition thereof;

     (vi) Liens on assets related to railcar operating leases (including, but not limited
to, car service contracts and cash collateral accounts funded with revenues under such
leases) securing obligations of the Borrower or any Subsidiary under such lease;

     (vii) attachment, judgment and other similar Liens arising in connection with court
proceedings, provided that (A) the execution or other enforcement of such Liens in an
aggregate amount exceeding $50,000,000 is effectively stayed and (B) the claims secured
thereby are being actively contested in good faith and by appropriate proceedings;

     (viii) Liens securing Secured Nonrecourse Obligations;

     (ix) in addition to the Liens permitted in the foregoing clauses (i) through (viii) of
this Section 5.02(a), Liens incurred in the ordinary course of business of the Borrower and
any of its Subsidiaries, provided that the aggregate amount of Indebtedness secured by Liens
pursuant to this clause (ix) shall not at any time exceed $250,000;

     (x) any extension, renewal or replacement, or the combination of, the foregoing,
provided, however, that the Liens permitted hereunder shall not be spread to
cover any additional Indebtedness or property (other than a substitution of like property);
and

     (xi) additional Liens upon real and/or personal property of the Borrower or any of its
Subsidiaries created after the date hereof so long as Unsecured Debt (as defined below)
shall not, at any time, exceed Eligible Assets (as defined below).

     For the purposes of Section 5.02(a)(xi):

     “Eligible Assets” means the difference, as at any date of determination, of the
following (each of the following items being the consolidated amounts as reflected in the
Borrower’s balance sheet (and/or notes thereto) delivered in accordance with Section
5.01(a)(i) or (ii) hereof): (A) the sum of (i) cash plus (ii) available for sale
securities plus (iii) direct financing leases plus

42

 

(iv) loans plus
(v) operating lease assets, facilities and other— net (including progress payments related
thereto) plus (vi) 50% of investment in joint ventures plus (vii) assets
held (or contracted to be acquired) for sale and lease plus (viii) investment in
future residuals minus (B) encumbered assets.

     “Unsecured Debt” means the sum, as at any date of determination, of the
following (each of the following items being the consolidated amounts as reflected in the
Borrower’s balance sheet (and/or notes thereto) delivered in accordance with Section
5.01(a)(i) or (ii) hereof): (i) commercial paper and bankers acceptances plus (ii)
notes payable (including without limitation, any indebtedness payable in respect of
borrowings under existing unsecured credit facilities) plus (iii) Capital Lease
Obligations plus (iv) senior term notes, so long as, in each case, such item is
unsecured.

          (b) Fundamental Changes. (i) The Borrower will not merge into or consolidate with any
other Person, or permit any other Person to merge into or consolidate with it, or sell, transfer,
lease or otherwise dispose of (in one transaction or in a series of transactions) all or
substantially all of its assets (whether now owned or hereafter acquired), or liquidate or
dissolve, except that, if at the time thereof and immediately after giving effect thereto no
Default shall have occurred and be continuing, any Person may merge into the Borrower in a
transaction in which the Borrower is the surviving corporation.

     (ii) The Borrower will not, and will not permit any of its Subsidiaries to, engage to
any material extent in any business other than businesses of the type conducted by the
Borrower and its Subsidiaries on the date of this Agreement, and businesses reasonably
related thereto, including, without limitation, the business of leasing, investing in,
operating, financing and selling transportation, industrial and commercial equipment and
commercial and other real estate investment property and companies and activities related
thereto.

          (c) Transactions with Affiliates. The Borrower will not, and will not permit any of
its Subsidiaries to, sell, lease or otherwise transfer any property or assets to, or purchase,
lease or otherwise acquire any property or assets from, or otherwise engage in any other
transactions with, any of its Affiliates, except (i) at prices and on terms and conditions not less
favorable to the Borrower or such Subsidiary than could be obtained on an arm’s-length basis from
unrelated third parties, (ii) transactions between or among the Borrower and its Subsidiaries not
involving any other Affiliate and (iii) any transaction permitted by Section 5.02(b);
provided that the foregoing provisions of this Section 5.02(c) shall not prohibit any such
Person from declaring or paying any lawful dividend so long as, after giving effect thereto, no
Default shall have occurred and be continuing.

          (d) Fiscal Year. The Borrower will not permit its fiscal year to end on other than
December 31 and for each of is fiscal quarters to end on other than the last day of standard
calendar quarters.

          SECTION 5.03. Financial Covenant. Until the Commitments and Letters of Credit have
expired or terminated and the principal and interest on each Advance and all fees payable hereunder
have been paid in full the Borrower covenants and agrees with the Lenders that the Borrower will
not permit its Fixed Charge Coverage Ratio, as at any fiscal quarter end, to be less than 1.20 to
1.

     For the purposes of this Section 5.03,

     “Cash Flow” means, for any period, the sum, for the Borrower and its
consolidated Subsidiaries, of the following: (i) net income, (ii) income taxes, (iii)
non-cash provisions for, or

43

 

actual write-offs or impairments of, assets (without duplication
in respect of any prior period) and (iv) Fixed Charges.

     “Fixed Charge Coverage Ratio” means, for any day, the ratio of (i) Cash Flow
for the period of four consecutive fiscal quarters of the Borrower ending on or most
recently ended prior to such day to (ii) Fixed Charges for such period.

     “Fixed Charges” means the sum, for any period for the Borrower and its
consolidated Subsidiaries, of the following: (i) Interest Expense plus (ii) an estimate of
that portion of minimum rents under operating leases representing the interest factor.

     “Interest Expense” means, for any period, the sum, for the Borrower and its
consolidated Subsidiaries, of the following: (i) all interest in respect of Indebtedness
(including the interest component of any payments in respect of Capital Lease Obligations)
accrued or capitalized during such period (whether or not actually paid during such period)
plus (ii) the net amount payable (or minus the net amount receivable) under Hedging
Agreements relating to interest during such period (whether or not actually paid or received
during such period).

ARTICLE VI

EVENTS OF DEFAULT

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

          (a) the Borrower shall fail to pay any principal of or interest on any Advance or any fee or
any other amount payable under this Agreement when and as the same shall become due and payable,
and such failure shall continue unremedied for a period of two Business Days;

          (b) any representation or warranty made or deemed made by the Borrower (i) in this Agreement
or any amendment or modification hereof or (ii) in any report, certificate, financial statement or
other document furnished pursuant to or in connection with this Agreement or any amendment or
modification thereof, shall prove to have been incorrect in any material respect when made or
deemed made;

          (c) the Borrower shall fail to observe or perform any covenant, condition or agreement
contained in Section 5.01(b), (c) (with respect to the Borrower’s existence) or (h) or in Sections
5.02 or 5.03;

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

          (e) the Borrower or any Subsidiary shall fail to make any payment (whether of principal or
interest and regardless of amount) in respect of any Material Indebtedness, when and as the same
shall become due and payable and after any applicable grace and/or notice period;

          (f) any event or condition occurs that results in any Material Indebtedness becoming due prior
to its scheduled maturity or that enables or permits (after giving effect to any applicable grace
period and/or notice period) the holder or holders of any Material Indebtedness or any trustee or
agent on

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its or their behalf to cause any Material Indebtedness to become due, or to require the
prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity;
provided that this clause (f) shall not apply to secured Indebtedness that becomes due as a
result of (i) the voluntary sale or transfer of the property or assets securing such Indebtedness
or (ii) the receipt of proceeds of a casualty loss or condemnation;

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

          (h) the Borrower or any Material Subsidiary (other than a Single Transaction Subsidiary) shall
(i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or
other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar
law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely
and appropriate manner, any proceeding or petition described in clause (g) of this Section 6.01,
(iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for the Borrower or any Subsidiary or for a substantial part of its
assets, (iv) file an answer admitting the material allegations of a petition filed against it in
any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any
action for the purpose of effecting any of the foregoing;

          (i) the Borrower or any Material Subsidiary (other than a Single Transaction Subsidiary) shall
become unable, admit in writing or fail generally to pay its debts (other than Secured Nonrecourse
Obligations) as they become due;

          (j) one or more judgments for the payment of money (other than in respect of Secured
Nonrecourse Obligations) in an aggregate amount in excess of $50,000,000 shall be rendered against
the Borrower or any Material Subsidiary (other than a Single Transaction Subsidiary) or any
combination thereof and the same shall remain undischarged for a period of 30 consecutive days
during which execution shall not be effectively stayed, or any action shall be legally taken by a
judgment creditor to attach or levy upon any assets of the Borrower or any such Material Subsidiary
to enforce any such judgment;

          (k) an ERISA Event shall have occurred that, in the opinion of the Required Lenders, when
taken together with all other ERISA Events that have occurred, could reasonably be expected to
result in a Material Adverse Effect; or

          (l) a Change in Control shall occur;

then, and in every such event (other than an event with respect to the Borrower described in clause
(g) or (h) of this Section), and at any time thereafter during the continuance of such event, the
Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take either
or both of the following actions, at the same or different times: (i) terminate the Commitments
(other than the Commitments to make Advances by an Issuing Bank or a Lender pursuant to Section
2.03(c)), and thereupon such Commitments shall terminate immediately, and (ii) declare the Advances
then outstanding to be due and payable in whole (or in part, in which case any principal not so
declared to
be due and payable may thereafter be declared to be due and payable), and thereupon the
principal of the Advances so declared to

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be due and payable, together with accrued interest thereon
and all fees and other obligations of the Borrower accrued hereunder, shall become due and payable
immediately, without presentment, demand, protest or other notice of any kind, all of which are
hereby waived by the Borrower; and in case of any event with respect to the Borrower described in
clause (g) or (h) of this Article, the Commitments (other than the Commitments to make Advances by
an Issuing Bank or a Lender pursuant to Section 2.03(c)) shall automatically terminate and the
principal of the Advances then outstanding, together with accrued interest thereon and all fees and
other obligations of the Borrower accrued hereunder, shall automatically become due and payable,
without presentment, demand, protest or other notice of any kind, all of which are hereby waived by
the Borrower.

          SECTION 6.02. Actions in Respect of the Letters of Credit upon Default. If any Event
of Default shall have occurred and be continuing, the Agent may with the consent, or shall at the
request, of the Required Lenders, irrespective of whether it is taking any of the actions described
in Section 6.01 or otherwise, make demand upon the Borrower to, and forthwith upon such demand the
Borrower will, (a) pay to the Agent on behalf of the Lenders in same day funds at the Agent’s
office designated in such demand, for deposit in the L/C Cash Collateral Account, an amount equal
to the aggregate Available Amount of all Letters of Credit then outstanding or (b) make such other
arrangements in respect of the outstanding Letters of Credit as shall be acceptable to the Lenders
having at least 51% of the Revolving Credit Commitments. If at any time the Agent determines that
any funds held in the L/C Cash Collateral Account are subject to any right or claim of any Person
other than the Agent and the Lenders or that the total amount of such funds is less than the
aggregate Available Amount of all Letters of Credit, the Borrower will, forthwith upon demand by
the Agent, pay to the Agent, as additional funds to be deposited and held in the L/C Cash
Collateral Account, an amount equal to the excess of (a) such aggregate Available Amount over (b)
the total amount of funds, if any, then held in the L/C Cash Collateral Account that the Agent
determines to be free and clear of any such right and claim. Upon the drawing of any Letter of
Credit, to the extent funds are on deposit in the L/C Cash Collateral Account, such funds shall be
applied to reimburse the Issuing Banks to the extent permitted by applicable law. After (i) no
Event of Default shall be continuing or (ii) all such Letters of Credit shall have expired or been
fully drawn upon and all other obligations of the Borrower hereunder and under the Notes shall have
been paid in full, the balance, if any, in such LC Cash Collateral Account shall be returned to the
Borrower.

ARTICLE VII

THE AGENT

          SECTION 7.01. Appointment and Authority. Each of the Lenders and the Issuing Banks
hereby irrevocably appoints Citibank to act on its behalf as the Agent hereunder and under the
Notes and authorizes the Agent to take such actions on its behalf and to exercise such powers as
are delegated to the Agent by the terms hereof or thereof, together with such actions and powers as
are reasonably incidental thereto. The provisions of this Article are
solely for the benefit of the Agent, the Lenders and the Issuing Banks, and, except as
provided in Section 7.07, the Borrower shall not have rights as a third-party beneficiary of any of
such provisions. It is understood and agreed that the use of the term “agent” herein or in any
Notes (or any other similar term) with reference to the Agent is not intended to connote any
fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable
law. Instead such term is used as a matter of market custom, and is intended to create or reflect
only an administrative relationship between contracting parties.

          SECTION 7.02. Rights as a Lender. The Person serving as the Agent hereunder shall
have the same rights and powers in its capacity as a Lender as any other Lender and may exercise
the same as though it were not the Agent, and the term “Lender” or “Lenders” shall, unless
otherwise expressly indicated or unless the context otherwise requires, include the Person serving
as the Agent

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hereunder in its individual capacity. Such Person and its Affiliates may accept
deposits from, lend money to, own securities of, act as the financial advisor or in any other
advisory capacity for, and generally engage in any kind of business with, the Borrower or any
Subsidiary or other Affiliate thereof as if such Person were not the Agent hereunder and without
any duty to account therefor to the Lenders.

          SECTION 7.03. Exculpatory Provisions. (a) The Agent shall not have any duties or
obligations except those expressly set forth herein, and its duties hereunder shall be
administrative in nature. Without limiting the generality of the foregoing, the Agent:

     (i) shall not be subject to any fiduciary or other implied duties, regardless of
whether a Default has occurred and is continuing;

     (ii) shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated hereby
that the Agent is required to exercise as directed in writing by the Required Lenders (or
such other number or percentage of the Lenders as shall be expressly provided for herein);
provided that the Agent shall not be required to take any action that, in its
opinion or the opinion of its counsel, may expose the Agent to liability or that is contrary
to this Agreement or applicable law, including for the avoidance of doubt any action that
may be in violation of the automatic stay under any debtor relief law or that may effect a
forfeiture, modification or termination of property of a Defaulting Lender in violation of
any debtor relief law; and

     (iii) shall not, except as expressly set forth herein, have any duty to disclose, and
shall not be liable for the failure to disclose, any information relating to the Borrower or
any of its Affiliates that is communicated to or obtained by the Person serving as the Agent
or any of its Affiliates in any capacity.

          (b) The Agent shall not be liable for any action taken or not taken by it (i) with the consent
or at the request of the Required Lenders (or such other number or percentage of the Lenders as
shall be necessary, or as the Agent shall believe in good faith shall be necessary, under the
circumstances as provided in Sections 8.01 and 6.01), or (ii) in the absence of its own gross
negligence or willful misconduct. The Agent shall be deemed not to have knowledge of any Default
unless and until notice describing such Default is given to the Agent in writing by the Borrower, a
Lender or an Issuing Bank.

          (c) The Agent shall not be responsible for or have any duty to ascertain or inquire into (i)
any statement, warranty or representation made in or in connection with this Agreement, (ii) the
contents of any certificate, report or other document delivered hereunder or thereunder or in
connection
herewith or therewith, (iii) the performance or observance of any of the covenants, agreements
or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the
validity, enforceability, effectiveness or genuineness of this Agreement or any other agreement,
instrument or document, or (v) the satisfaction of any condition set forth in Article III or
elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the
Agent.

          SECTION 7.04. Reliance by Agent. The Agent shall be entitled to rely upon, and shall
not incur any liability for relying upon, any notice, request, certificate, consent, statement,
instrument, document or other writing (including any electronic message, Internet or intranet
website posting or other distribution) believed by it to be genuine and to have been signed, sent
or otherwise authenticated by the proper Person. The Agent also may rely upon any statement made
to it orally or by telephone and believed by it to have been made by the proper Person, and shall
not incur any liability for relying thereon. In determining compliance with any condition
hereunder to the making of an Advance, or the issuance, extension, renewal or increase of a Letter
of Credit, that by its terms must be fulfilled to the

47

 

satisfaction of a Lender or an Issuing Bank,
the Agent may presume that such condition is satisfactory to such Lender or Issuing Bank unless the
Agent shall have received notice to the contrary from such Lender or Issuing Bank prior to the
making of such Advance or the issuance, extension, renewal or increase of such Letter of Credit.
The Agent may consult with legal counsel (who may be counsel for the Borrower), independent
accountants and other experts selected by it, and shall not be liable for any action taken or not
taken by it in accordance with the advice of any such counsel, accountants or experts.

          SECTION 7.05. Indemnification. (a) The Lenders agree to indemnify the Agent (to the
extent not reimbursed by the Borrower) from and against such Lender’s pro rata share (determined as
provided below) of any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be
imposed on, incurred by, or asserted against the Agent in any way relating to or arising out of
this Agreement or any action taken or omitted by the Agent under this Agreement (collectively, the
“Indemnified Costs”), provided that no Lender shall be liable for any portion of
the Indemnified Costs resulting from the Agent’s gross negligence or willful misconduct. Without
limitation of the foregoing, each Lender agrees to reimburse the Agent promptly upon demand for its
pro rata share of any out-of-pocket expenses (including counsel fees) incurred by the Agent in
connection with the preparation, execution, delivery, administration, modification, amendment or
enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in
respect of rights or responsibilities under, this Agreement, to the extent that the Agent is not
reimbursed for such expenses by the Borrower. In the case of any investigation, litigation or
proceeding giving rise to any Indemnified Costs, this Section 7.05(a) applies whether any such
investigation, litigation or proceeding is brought by the Agent, any Lender or a third party. For
purposes of this Section 7.05(a), the Lenders’ respective pro rata shares of any amount shall be
determined, at any time, according to the sum of (i) the aggregate principal amount of the
Revolving Credit Advances outstanding at such time and owing to the respective Lenders, (ii) their
respective pro rata Shares of the aggregate Available Amount of all Letters of Credit outstanding
at such time and (iii) their respective Unused Revolving Credit Commitments at such time.

          (b) Each Lender severally agrees to indemnify the Issuing Banks (to the extent not promptly
reimbursed by the Borrower) from and against such Lender’s Ratable Share of any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted
against any such Issuing Bank in any way relating to or arising out of this Agreement or any action
taken or omitted by such Issuing Bank hereunder or in connection herewith; provided,
however, that no Lender shall be liable for any portion of such liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting
from such Issuing Bank’s gross negligence or
willful misconduct. Without limitation of the foregoing, each Lender agrees to reimburse any
such Issuing Bank promptly upon demand for its Ratable Share of any costs and expenses (including,
without limitation, fees and expenses of counsel) payable by the Borrower under Section 8.04, to
the extent that such Issuing Bank is not promptly reimbursed for such costs and expenses by the
Borrower.

          (c) The failure of any Lender to reimburse the Agent or the Issuing Bank promptly upon demand
for its ratable share of any amount required to be paid by the Lenders to the Agent or the Issuing
Bank as provided herein shall not relieve any other Lender of its obligation hereunder to
reimburse the Agent or the Issuing Bank for its ratable share of such amount, but no Lender shall
be responsible for the failure of any other Lender to reimburse the Agent or an Issuing Bank for
such other Lender’s Ratable Share of such amount. Without prejudice to the survival of any other
agreement of any Lender hereunder, the agreement and obligations of each Lender contained in this
Section 7.05 shall survive the payment in full of principal, interest and all other amounts payable
hereunder and under the Notes.

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          SECTION 7.06. Delegation of Duties. The Agent may perform any and all of its duties
and exercise its rights and powers hereunder or under any Notes by or through any one or more
sub-agents appointed by the Agent and consented to in writing by the Borrower (such consent not to
be required if an Event of Default has occurred and is continuing at the time of such appointment).
The Agent and any such sub-agent may perform any and all of its duties and exercise its rights and
powers by or through their respective Related Parties. The exculpatory provisions of this Article
shall apply to any such sub-agent and to the Related Parties of the Agent and any such sub-agent,
and shall apply to their respective activities in connection with the syndication of the Facilities
as well as activities as Agent. The Agent shall not be responsible for the negligence or
misconduct of any sub-agents appointed with the consent of the Borrower.

          SECTION 7.07. Resignation of Agent. (a) The Agent may at any time give notice of its
resignation to the Lenders, the Issuing Banks and the Borrower. Upon receipt of any such notice of
resignation, the Required Lenders shall have the right, with the consent of the Borrower (such
consent not to be required if an Event of Default has occurred and is continuing at the time of
such resignation — in which event the Required Lenders’ decision shall be in consultation with the
Borrower), to appoint a successor, which shall be a bank with an office in New York, New York, or
an Affiliate of any such bank with an office in New York, New York. If no such successor shall
have been so appointed by the Required Lenders and shall have accepted such appointment within 30
days after the retiring Agent gives notice of its resignation (or such earlier day as shall be
agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Agent
may (but shall not be obligated to), on behalf of the Lenders and the Issuing Banks, appoint a
successor Agent meeting the qualifications set forth above with the consent of the Borrower (such
consent not to be required if an Event of Default has occurred and is continuing at the time of
such assignment). Whether or not a successor has been appointed, such resignation shall become
effective in accordance with such notice on the Resignation Effective Date.

          (b) If the Person serving as Agent is a Defaulting Lender, the Required Lenders may, to the
extent permitted by applicable law, by notice in writing to such Person and the other parties
hereto remove such Person as Agent and, with the consent of the Borrower (such consent not to be
required if an Event of Default has occurred and is continuing at the time of such appointment),
appoint a successor. If no such successor shall have been so appointed by the Required Lenders and
shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the
Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless
become effective in accordance with such notice on the Removal Effective Date.

          (c) With effect from the Resignation Effective Date or the Removal Effective Date (as
applicable) (1) the retiring or removed Agent shall be discharged from its duties and obligations
hereunder and under the Notes (except that in the case of any collateral security held by the Agent
on behalf of the Lenders or the Issuing Banks hereunder, the retiring or removed Agent shall
continue to hold such collateral security until such time as a successor Agent is appointed) and
(2) all payments, communications and determinations provided to be made by, to or through the Agent
shall instead be made by or to each Lender and Issuing Bank directly, until such time, if any, as
the Required Lenders appoint a successor Agent as provided for above. Upon the acceptance of a
successor’s appointment as Agent hereunder, such successor shall succeed to and become vested with
all of the rights, powers, privileges and duties of the retiring or removed Agent, and the retiring
or removed Agent shall be discharged from all of its duties and obligations hereunder or under the
Notes. The fees payable by the Borrower to a successor Agent shall be the same as those payable to
its predecessor unless otherwise agreed between the Borrower and such successor. After the
retiring or removed Agent’s resignation or removal hereunder, the provisions of this Article and
Section 8.04 shall continue in effect for the benefit of such retiring or removed Agent, its
sub-agents and their respective Related Parties in respect of any

49

 

actions taken or omitted to be
taken by any of them while the retiring or removed Agent was acting as Agent.

          SECTION 7.08. Non-Reliance on Agent and Other Lenders. Each Lender and Issuing Bank
acknowledges that it has, independently and without reliance upon the Agent or any other Lender or
any of their Related Parties and based on such documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender
and Issuing Bank also acknowledges that it will, independently and without reliance upon the Agent
or any other Lender or any of their Related Parties and based on such documents and information as
it shall from time to time deem appropriate, continue to make its own decisions in taking or not
taking action under or based upon this Agreement, any Note or any related agreement or any document
furnished hereunder or thereunder.

          SECTION 7.09. No Other Duties, etc. Anything herein to the contrary notwithstanding,
none of the Bookrunners, Arrangers, syndication agent or co-documentation agent listed on the cover
page hereof shall have any powers, duties or responsibilities under this Agreement or any of the
Notes, except in its capacity, as applicable, as the Agent, a Lender or an Issuing Bank hereunder.

ARTICLE VIII

MISCELLANEOUS

          SECTION 8.01. Amendments, Etc. No amendment or waiver of any provision of this
Agreement or the Notes, nor consent to any departure by the Borrower therefrom, shall in any event
be effective unless the same shall be in writing and signed by the Required Lenders and (with
respect to amendments) the Borrower, and then such waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given; provided, however,
that (a) no amendment, waiver or consent shall, unless in writing and signed by all the Lenders, do
any of the following: (i) waive any of the conditions specified in Section 3.01, (ii) change the
percentage of the Revolving Credit Commitments or of the aggregate unpaid principal amount of the
Advances, or the number of Lenders, that shall be required for the Lenders or any of them to take
any action hereunder or (iii) amend this Section 8.01 and (b) no amendment, waiver or consent
shall, unless in writing and signed by the Required Lenders and each Lender that is directly
affected by such amendment, waiver or consent, (i) other than as provided in Section 2.18, increase
the Commitments of such Lenders, (ii) reduce the principal of, or rate of interest on, the Advances
or any fees or other amounts payable
hereunder to such Lender (except that the approval of the Required Lenders shall be sufficient
to waive Default Interest imposed in accordance with Section 2.07(b)) or (iii) other than as
provided in Section 2.19, postpone any date fixed for any payment of principal of, or interest on,
the Advances or any fees or other amounts payable hereunder to such Lender, or extend (or permit
the extension of) the expiration date of any Letter of Credit to a date later than 10 Business Days
prior to the Termination Date; and provided further that (x) no amendment, waiver
or consent shall, unless in writing and signed by the Agent in addition to the Lenders required
above to take such action, affect the rights or duties of the Agent under this Agreement or any
Note, (y) no amendment, waiver or consent shall, unless in writing and signed by each Swing Line
Bank, in addition to the Lenders required above to take such action, affect the rights or
obligations of the Swing Line Banks in their capacities as such under this Agreement, and (z) no
amendment, waiver or consent shall, unless in writing and signed by the Issuing Banks in addition
to the Lenders required above to take such action, adversely affect the rights or obligations of
the Issuing Banks in their capacities as such under this Agreement.

          SECTION 8.02. Notices, Etc. (a) Notices Generally. Except in the case of
notices and other communications expressly permitted to be given by telephone (and except as
provided in paragraph (b) below), all notices and other communications provided for herein shall be
in writing and shall be

50

 

delivered by hand or overnight courier service, mailed by certified or
registered mail or sent by facsimile as follows:

     (i) if to the Borrower, to it at 222 West Adams Street, Chicago, Illinois
60606, Attention of Treasurer (Facsimile No. (312) 621-6645; Telephone No. (312)
621-6200);

     (ii) if to the Agent, to it at 1615 Brett Road, Building #3, New Castle,
Delaware 19720, Attention of Bank Loan Syndications (Facsimile No. (212) 994-0961;
Telephone No. (302) 323-2478);

     (iii) if to The Bank of New York Mellon in its capacity as Issuing Bank, to it
at 525 William Penn Place, Two BNY Mellon Center, Suite 1715, Pittsburgh,
Pennsylvania 15259-0001, Attention: Manager, Standby Letter of Credit Department
(Facsimile No. 732-667-6383 or 615-932-4121; Telephone No. 412-234-6882), with a
copy to 500 Grant Street, One BNY Mellon Center, Suite 3600, Pittsburgh,
Pennsylvania 15258-0001, Attention: John Smathers (Facsimile No. 412-209-2040;
Telephone No. 412-234-4571); if to PNC Bank, National Association in its capacity as
Issuing Bank, to it at 6750 Miller Road Loc: BR-YB58-01-O, Brecksville, OH 44141,
Attention of Isalene Hasan, Senior Loan Support Analyst (Facsimile No. 877-718-7656;
Telephone No. 440-546-7388), and if to any other Issuing Bank, to it at the address
provided in writing to the Agent and the Borrower at the time of its appointment as
an Issuing Bank hereunder;

     (iv) if to a Lender, to it at its address (or facsimile number) set forth in
its Administrative Questionnaire.

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

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

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

51

 

communication shall be deemed to have been sent at
the opening of business on the next business day for the recipient.

          (c) Change of Address, etc. Any party hereto may change its address or facsimile
number for notices and other communications hereunder by notice to the other parties hereto.

          (d) Platform.

     (i) The Borrower agrees that the Agent may, but shall not be obligated to, make
the Communications (as defined below) available to the Issuing Banks and the other
Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak or a
substantially similar electronic transmission system (the “Platform”).

     (ii) The Platform is provided “as is” and “as available.” The Agent Parties
(as defined below) do not warrant the adequacy of the Platform and expressly
disclaim liability for errors or omissions in the 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 any
Agent Party in connection with the Communications or the Platform. In no event
shall the Agent or any of its Related Parties (collectively, the “Agent
Parties”) have any liability to the Borrower, any Lender or any other Person or
entity for damages of any kind, including, without limitation, direct or indirect,
special, incidental or consequential damages, losses or expenses (whether in tort,
contract or otherwise) arising out of the Agent’s transmission of communications
through the Platform. “Communications” means, collectively, any notice,
demand, communication, information, document or other material that the Borrower
provides to the Agent pursuant to this Agreement or the transactions contemplated
therein which is distributed to the Agent, any Lender or any Issuing Bank by means
of electronic communications pursuant to this Section, including through the
Platform.

          SECTION 8.03. No Waiver; Remedies. No failure on the part of any Lender or the Agent
to exercise, and no delay in exercising,
any right hereunder or under any Note shall operate as a waiver thereof; nor shall any single
or partial exercise of any such right preclude any other or further exercise thereof or the
exercise of any other right. The remedies herein provided are cumulative and not exclusive of any
remedies provided by law.

          SECTION 8.04. Costs and Expenses. (a) The Borrower agrees to pay on demand all
reasonable costs and expenses of the Agent (supported by invoices) in connection with the
preparation, execution, delivery, administration, modification and amendment of this Agreement, the
Notes and the other documents to be delivered hereunder, including, without limitation, (A) all
reasonable due diligence, syndication (including printing, distribution and bank meetings),
transportation and duplication expenses and (B) the reasonable fees and expenses of counsel for the
Agent with respect thereto and with respect to advising the Agent as to its rights and
responsibilities under this Agreement. The Borrower further agrees to pay on demand all costs and
expenses (supported by invoices) of the Agent and the Lenders, if any (including, without
limitation, reasonable counsel fees and expenses), in connection with the enforcement (whether
through negotiations, legal proceedings or otherwise) of this Agreement, the Notes and the other
documents to be delivered hereunder, including, without limitation, reasonable fees and expenses of
counsel for the Agent and each Lender in connection with the enforcement of rights under this
Section 8.04(a).

52

 

          (b) The Borrower agrees to indemnify and hold harmless the Agent and each Lender and each of
their Affiliates and their officers, directors, employees, agents and advisors (each, an
“Indemnified Party”) from and against any and all claims, damages, losses, liabilities and
expenses (including, without limitation, reasonable fees and expenses of counsel) incurred by or
asserted or awarded against any Indemnified Party, in each case arising out of or in connection
with or by reason of (including, without limitation, in connection with any investigation,
litigation or proceeding or preparation of a defense in connection therewith) (i) the Notes, this
Agreement, any of the transactions contemplated herein or the actual or proposed use of the
proceeds of the Advances or (ii) the actual or alleged presence of Hazardous Materials on any
property of the Borrower or any of its Subsidiaries or any Environmental Liability relating in any
way to the Borrower or any of its Subsidiaries, in each case except to the extent such claim,
damage, loss, liability or expense resulted from such Indemnified Party’s gross negligence or
willful misconduct. In the case of an investigation, litigation or other proceeding to which the
indemnity in this Section 8.04(b) applies, such indemnity shall be effective whether or not such
investigation, litigation or proceeding is brought by the Borrower, its directors, equity holders
or creditors or an Indemnified Party or any other Person, whether or not any Indemnified Party is
otherwise a party thereto and whether or not the transactions contemplated hereby are consummated.
The Borrower also agrees not to assert any claim for special, indirect, consequential or punitive
damages against the Agent, any Lender, any of their Affiliates, or any of their respective
directors, officers, employees, attorneys and agents, and the Lenders and the Agent agree not to
assert any such claim against the Borrower, on any theory of liability, arising out of or otherwise
relating to the Notes, this Agreement, any of the transactions contemplated herein or the actual or
proposed use of the proceeds of the Advances.

          (c) If any payment of principal of, or Conversion of, any Eurodollar Rate Advance is made by
the Borrower to or for the account of a Lender other than on the last day of the Interest Period
for such Advance, as a result of a payment or Conversion pursuant to Section 2.08(d) or (e), 2.10
or 2.12, acceleration of the maturity of the Notes pursuant to Section 6.01 or for any other
reason, or by an Eligible Assignee to a Lender other than on the last day of the Interest Period
for such Advance upon an assignment of rights and obligations under this Agreement pursuant to
Section 8.07 as a result of a demand by the Borrower pursuant to Section 2.21, or if any Borrowing
of, Conversion into or continuation of any Eurodollar Rate Advance is not effected after the
Borrower has given notice thereof (solely to the extent the failure to take effect was caused by
the Borrower or a failure to satisfy the applicable conditions in Section 3.02), the Borrower
shall, upon demand by such Lender (with a copy of such demand to the Agent), pay to the Agent for
the account of such Lender any amounts required to
compensate such Lender for any additional losses, costs or expenses that it may reasonably
incur as a result of such payment or Conversion, or as a result of any such Borrowing, Conversion
or continuation not being effected (solely to the extent the failure to take effect was caused by
the Borrower or a failure to satisfy the applicable conditions in Section 3.02), including, without
limitation, any loss (excluding loss of anticipated profits (including the Applicable Margin)),
cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds
acquired by any Lender to fund or maintain such Advance.

          (d) Without prejudice to the survival of any other agreement of the Borrower hereunder, the
agreements and obligations of the Borrower contained in Sections 2.11, 2.14 and 8.04 shall survive
the payment in full of principal, interest and all other amounts payable hereunder and under the
Notes.

          SECTION 8.05. Right of Set-off. Upon (i) the occurrence and during the continuance
of any Event of Default and (ii) the making of the request or the granting of the consent specified
by Section 6.01 to authorize the Agent to declare the Notes due and payable pursuant to the
provisions of Section 6.01, each Lender and each of its Affiliates is hereby authorized at any time
and from time to time, to the fullest extent permitted by law, to set off and apply any and all
deposits (general or special, time or

53

 

demand, provisional or final) at any time held and other
indebtedness at any time owing by such Lender or such Affiliate to or for the credit or the account
of the Borrower against any and all of the obligations of the Borrower now or hereafter existing
under this Agreement and the Note held by such Lender, whether or not such Lender shall have made
any demand under this Agreement or such Note and although such obligations may be unmatured. Each
Lender agrees promptly to notify the Borrower after any such set-off and application,
provided that the failure to give such notice shall not affect the validity of such set-off
and application; provided further, that in the event that any Defaulting Lender
exercises any such right of setoff, (x) all amounts so set off will be paid over immediately to the
Agent for further application in accordance with the provisions of Section 2.20(a) and, pending
such payment, will be segregated by such Defaulting Lender from its other funds and deemed held in
trust for the benefit of the Agent, the Issuing Banks, the Swing Line Banks and the Lenders and (y)
such Defaulting Lender will provide promptly to the Agent a statement describing in reasonable
detail the obligations owing to such Defaulting Lender as to which it exercised such right of
setoff. The rights of each Lender and its Affiliates under this Section are in addition to other
rights and remedies (including, without limitation, other rights of set-off) that such Lender and
its Affiliates may have.

          SECTION 8.06. Binding Effect. This Agreement shall become effective (other than
Section 2.01, which shall only become effective upon satisfaction of the conditions precedent set
forth in Section 3.01) when it shall have been executed by the Borrower and the Agent and when the
Agent shall have been notified by each Initial Lender that such Initial Lender has executed it and
thereafter shall be binding upon and inure to the benefit of the Borrower, the Agent and each
Lender and their respective successors and assigns, except that the Borrower shall not have the
right to assign its rights or obligations hereunder or any interest herein without the prior
written consent of each Lender (and any other attempted assignment or transfer by the Borrower
shall be null and void) and any replacement of the Agent shall be in accordance with Section 7.07.

          SECTION 8.07. Assignments and Participations. (a) Successors and Assigns
Generally. No Lender may assign or otherwise transfer any of its rights or obligations
hereunder except (i) to an assignee in accordance with the provisions of paragraph (b) of this
Section, (ii) by way of participation in accordance with the provisions of paragraph (d) of this
Section, or (iii) by way of pledge or assignment, or grant of a security interest, subject to the
restrictions of paragraph (f) of this Section (and any other attempted assignment or transfer
by any Lender shall be null and void). Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and
assigns permitted hereby, Participants to the extent provided in paragraph (d) of this Section and,
to the extent expressly contemplated hereby, the Related Parties of each of the Agent and the
Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

          (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible
Assignees all or a portion of its rights and obligations under this Agreement (including all or a
portion of its Commitment and the Advances at the time owing to it); provided that (in each
case with respect to any Facility) any such assignment shall be subject to the following
conditions:

     (i) Minimum Amounts. Except in the case of an assignment of the entire
remaining amount of any assigning Lender’s Commitment and/or the Advances at the time owing
to it (in each case with respect to any Facility), the amount of (x) the Revolving Credit
Commitment of the assigning Lender being assigned pursuant to each such assignment
(determined as of the date of the Assignment and Assumption with respect to such assignment)
shall in no event be less than $5,000,000 or an integral multiple of $1,000,000 in excess
thereof and (y) the undrawn Letter of Credit Commitment of the assigning Lender being
assigned pursuant to each such assignment (determined as of the date of the applicable
Assignment and Assumption) shall in no event be less than $1,000,000, unless, in each case,
the Borrower and the Agent otherwise agree.

54

 

     (ii) Proportionate Amounts. Each partial assignment shall be made as an
assignment of a proportionate part of all the assigning Lender’s rights and obligations
under this Agreement with respect to the Advances or the Commitment assigned, except that
this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights
and obligations among separate Facilities on a non-pro rata basis.

     (iii) Required Consents. No consent shall be required for any assignment
except to the extent required by paragraph (b)(i)(B) of this Section and, in addition:

     (A) the consent of the Borrower (such consent not to be unreasonably withheld
or delayed) shall be required unless (x) an Event of Default has occurred and is
continuing at the time of such assignment, or (y) such assignment is to a Lender or
an Affiliate of a Lender that is in the business of making and/or buying loans of
the type described herein; provided that (i) if the assignment is to an
Affiliate of a Lender either the Borrower consents to the assignment or the assignee
represents and warrants that it will not fund any portion of any Advance with the
plan assets of any “employee benefit plan” (as defined by Section 3(3) of ERISA)
that is subject to Title I of ERISA, or any “plan” defined by and subject to Section
4975 of the Code if it would cause the Borrower to incur any prohibited transaction
excise tax penalties under Section 4975 of the Code and (ii) the Borrower shall be
deemed to have consented to any such assignment unless it shall object thereto by
written notice to the Agent within ten Business Days after having received notice
thereof;

     (B) the consent of the Agent (such consent not to be unreasonably withheld or
delayed) shall be required for assignments to a Person who is not a Lender or an
Affiliate of a Lender; and

     (C) the consent of each Issuing Bank and Swing Line Bank (such consent not to
be unreasonably withheld or delayed) shall be required for any assignment in respect
of the Revolving Credit Facility.

     (iv) Assignment and Assumption. The parties to each assignment shall execute
and deliver to the Agent an Assignment and Assumption, together with a processing and
recordation fee of $3,500; provided that the Agent may, in its sole discretion,
elect to waive such processing and recordation fee in the case of any assignment. The
assignee, if it is not a Lender, shall deliver to the Agent an Administrative Questionnaire.

     (v) No Assignment to Certain Persons. No such assignment shall be made to (A)
the Borrower or any of the Borrower’s Affiliates or Subsidiaries or (B) to any Defaulting
Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder,
would constitute any of the foregoing Persons described in this clause (B).

     (vi) No Assignment to Natural Persons. No such assignment shall be made to a
natural Person.

     (vii) Certain Additional Payments. In connection with any assignment of rights
and obligations of any Defaulting Lender hereunder, no such assignment shall be effective
unless and until, in addition to the other conditions thereto set forth herein, the parties
to such assignment shall make such additional payments to the Agent in an aggregate amount
sufficient, upon distribution thereof as appropriate (which may be outright payment,
purchases by the assignee of participations or subparticipations, or other compensating
actions, including funding, with the

55

 

consent of the Borrower and the Agent, the applicable
pro rata share of Advances previously requested but not funded by the Defaulting Lender, to
each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay
and satisfy in full all payment liabilities then owed by such Defaulting Lender to the
Agent, each Issuing Bank, each Swing Line Bank and each other Lender hereunder (and interest
accrued thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all
Advances and participations in Letters of Credit and Swing Line Advances in accordance with
its Ratable Share. Notwithstanding the foregoing, in the event that any assignment of
rights and obligations of any Defaulting Lender hereunder shall become effective under
applicable law without compliance with the provisions of this paragraph, then the assignee
of such interest shall be deemed to be a Defaulting Lender for all purposes of this
Agreement until such compliance occurs.

          Subject to acceptance and recording thereof by the Agent pursuant to paragraph (c) of this
Section, from and after the effective date specified in each Assignment and Assumption, the
assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned
by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by
such Assignment and Assumption, be released from its obligations under this Agreement (and, in the
case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations
under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be
entitled to the benefits of Sections 2.11, 2.14 and 8.04 with respect to facts and circumstances
occurring prior to the effective date of such assignment; provided that, except to the
extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender
will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s
having been a Defaulting Lender. Any assignment or transfer by a Lender of rights or obligations
under this Agreement that does not comply with this paragraph shall be treated for purposes of this
Agreement as a sale by such Lender of a participation in such rights and obligations in accordance
with paragraph (d) of this Section.

          (c) Register. The Agent, acting solely for this purpose as an agent of the Borrower,
shall maintain at one of its offices in the United States a copy of each Assignment and Assumption
delivered to it and a register for the recordation of the names and addresses of the Lenders, and
the Commitments of, and principal amounts of the Advances owing to, each Lender pursuant to the
terms hereof from time to time (the “Register”). In addition, the Agent shall maintain on
the Register information regarding the designation and revocation of designation of any Lender as a
Defaulting Lender. The entries in the Register shall be conclusive absent manifest error, and the
Borrower, the Agent and the Lenders shall treat each Person whose name is recorded in the Register
pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The
Register shall be available for inspection by the Borrower and any Lender, at any reasonable time
and from time to time upon reasonable prior notice.

          (d) Participations. Any Lender may at any time, without the consent of, or notice to,
the Borrower or the Agent, sell participations to any Person (other than a natural Person or the
Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in
all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or
a portion of its Commitments and/or the Advances owing to it); provided that (i) such
Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain
solely responsible to the other parties hereto for the performance of such obligations, and (iii)
the Borrower, the Agent, the Issuing Banks 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. For the avoidance of doubt, each Lender shall be responsible for the indemnity under
Section 7.05 with respect to any payments made by such Lender to its Participant(s).

56

 

          Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, modification or waiver described in clause (a) of the first
proviso of Section 8.01 that affects such Participant. The Borrower agrees that each Participant
shall be entitled to the benefits of Sections 2.11, 2.14 and 8.04(c) to the same extent as if it
were the granting Lender; provided that such Participant agrees to be subject to the
provisions of Section 2.21 as if it were an assignee under paragraph (b) of this Section. No
Participant shall be entitled to the benefits of Section 8.05.

          (e) Limitations upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Sections 2.11 or 2.14 than the applicable Lender would have been
entitled to receive with respect to the participation sold to such Participant, unless the sale of
the participation to such Participant is made with the Borrower’s prior written consent. A
Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the
benefits of Section 2.14 unless the Borrower is notified of the participation sold to such
Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section
2.14(e) as though it were a Lender.

          (f) Certain Pledges. Any Lender may at any time pledge or assign, or grant a security
interest in, all or any portion of its rights under this Agreement to secure obligations of such
Lender, including any pledge or assignment, or grant of a security interest, to secure obligations
to a Federal Reserve Bank; provided that no such pledge or assignment or grant shall
release such Lender from any of its obligations hereunder or substitute any such pledgee or
assignee or grantee for such Lender as a party hereto.

          (g) Any Lender may, in connection with any assignment or participation or proposed assignment
or participation pursuant to this Section 8.07, disclose to the assignee or participant or
proposed assignee or participant, any information relating to the Borrower furnished to such
Lender by or on behalf of the Borrower; provided that, prior to any such disclosure, the
assignee or participant or proposed assignee or participant shall agree (for the benefit of the
Borrower) to preserve the confidentiality of any Borrower Information relating to the Borrower
received by it from such Lender.

          SECTION 8.08. Confidentiality. Neither the Agent nor any Lender may disclose to any
Person any confidential, proprietary or non-public information of the Borrower furnished to the
Agent or the Lenders by or on behalf of the Borrower (such information being referred to
collectively herein as the “Borrower Information”), except that each of the Agent and each
of the Lenders may disclose Borrower Information (a) to its Related Parties (it being understood
that the Persons to whom such disclosure is made will be informed of the confidential nature of
such Borrower Information and instructed to keep such Borrower Information confidential on
substantially the same terms as provided herein), (b) to the extent required or requested by any
regulatory authority having jurisdiction over such Person or its Related Parties (including any
self-regulatory authority, such as the National Association of Insurance Commissioners); (c) to the
extent required by applicable laws or regulations or by any subpoena or similar legal process; (d)
to any other party hereto; (e) in connection with the exercise of any remedies hereunder or under
any Note or any action or proceeding relating to this Agreement or any Note or the enforcement of
rights hereunder or thereunder; (f) subject to an agreement (for the benefit of the Borrower)
containing provisions substantially the same as those of this Section, to (i) any assignee of or
Participant in, or any prospective assignee of or Participant in, any of its rights and obligations
under this Agreement, or (ii) any actual or prospective party (or its Related Parties) to any swap,
derivative or other transaction under which payments are to be made by reference to the Borrower
and its obligations, this Agreement or payments hereunder; (g) to the extent such Information (x)
becomes publicly available other than as a result of a breach of this Section 8.08 by the Agent or
such Lender, or (y) is or becomes

57

 

available to the Agent or such Lender on a nonconfidential basis
from a source other than the Borrower and (h) with the consent of the Borrower.

          SECTION 8.09. Governing Law. This Agreement and the Notes shall be governed by, and
construed in accordance with, the laws of the State of New York.

          SECTION 8.10. Execution in Counterparts. This Agreement may be executed in any
number of counterparts and by different parties hereto in separate counterparts, each of which when
so executed shall be deemed to be an original and all of which taken together shall constitute one
and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement
by facsimile shall be effective as delivery of a manually executed counterpart of this Agreement.

          SECTION 8.11. Jurisdiction, Etc. (a) Each party hereto irrevocably and
unconditionally agrees that it will not commence any action, litigation or proceeding of any kind
or description, whether in law or equity, whether in contract or in tort or otherwise, against any
other party hereto or any Related Party of the foregoing in any way relating to this Agreement or
any Note or the transactions relating hereto or thereto, in any forum other than the courts of the
State of New York sitting in New York County, and of the United States District Court for the
Southern District of New York, and any appellate court from any thereof, and each of the parties
hereto irrevocably and unconditionally submits to the jurisdiction of such courts and agrees that
all claims in respect of any such action, litigation or proceeding may be heard and determined in
such New York State court or, to the fullest extent permitted by applicable law, in such federal
court. The Borrower hereby agrees that service of process in any such action or proceeding brought
in the any such New York State court or in such federal court may be made upon CT Corporation
System at its offices at 111 Eighth Avenue, New York, New York 10011 (the “Process Agent”)
and the Borrower hereby irrevocably
appoints the Process Agent its authorized agent to accept such service of process, and agrees
that the failure of the Process Agent to give any notice of any such service shall not impair or
affect the validity of such service or of any judgment rendered in any action or proceeding based
thereon. The Borrower hereby further irrevocably consents to the service of process in any action
or proceeding in such courts by the mailing thereof by any parties hereto by registered or
certified mail, postage prepaid, to the Borrower at its address specified pursuant to Section 8.02.
Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other
manner provided by law.

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

          SECTION 8.12. No Liability of the Issuing Banks. The Borrower assumes all risks of
the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its
use of such Letter of Credit. Neither an Issuing Bank nor any of its officers or directors shall
be liable or responsible for: (a) the use that may be made of any Letter of Credit or any acts or
omissions of any beneficiary or transferee in connection therewith; (b) the validity, sufficiency
or genuineness of documents, or of any endorsement thereon, even if such documents should prove to
be in any or all respects invalid, insufficient, fraudulent or forged; (c) payment by such Issuing
Bank against presentation of documents that do not comply with the terms of a Letter of Credit,
including failure of any documents to bear any reference or adequate reference to the Letter of
Credit; or (d) any other circumstances whatsoever in making or failing to make payment under any
Letter of Credit, except that the Borrower shall have a

58

 

claim against such Issuing Bank, and such
Issuing Bank shall be liable to the Borrower, to the extent of any direct, but not consequential
damages suffered by the Borrower that the Borrower proves were caused by (i) such Issuing Bank’s
willful misconduct or gross negligence in determining whether documents presented under any Letter
of Credit comply with the terms of the Letter of Credit or (ii) such Issuing Bank’s willful failure
to make lawful payment under a Letter of Credit after the presentation to it of a draft and
certificates strictly complying with the terms and conditions of the Letter of Credit. In
furtherance and not in limitation of the foregoing, such Issuing Bank may accept documents that
appear on their face to be in order, without responsibility for further investigation.

          SECTION 8.13. Patriot Act. Each Lender hereby notifies the Borrower that pursuant to
the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “Act”), it is required to obtain, verify and record information that identifies each
borrower, guarantor or grantor (the “Loan Parties”), which information includes the name
and address of each Loan Party and other information that will allow such Lender to identify such
Loan Party in accordance with the Act.

59

 

          SECTION 8.14. Waiver of Jury Trial. Each of the Borrower, the Agent and the
Lenders hereby irrevocably waives all right to trial by jury in any action, proceeding or
counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this
Agreement or the Notes or the actions of the Agent or any Lender in the negotiation,
administration, performance or enforcement thereof.

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

	 	 	 	 	 
	 	GATX CORPORATION

 	 
	 	By  	/s/ William J. Hasek
 	 
	 	 	Title:  Senior Vice President and Treasurer 	 
	 	 	 	 
	 	CITIBANK, N.A.,

as Agent and Lender

 	 
	 	By  	/s/ Susan M. Olsen
 	 
	 	 	Title:  Vice President 	 

	 	 	 	 	 
	 	Syndication Agent

 	 
	 	BANK OF AMERICA, N.A.

 	 
	 	By  	/s/ David Meehan
 	 
	 	 	Title:  Director 	 

	 	 	 	 	 
	 	Co-Documentation Agents

PNC BANK, NATIONAL ASSOCIATION

 	 
	 	By  	/s/ William Bowne
 	 
	 	 	Title:  Senior Vice President 	 
	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION

 	 
	 	By  	/s/ Kathleen Schurr
 	 
	 	 	Title:  Vice President 	 
	 	 	 	 
	 	BAYERISCHE LANDESBANK, NEW YORK BRANCH

 	 
	 	By  	/s/ Suyash Upreti
 	 
	 	 	Title:  Vice President 	 
	 	 	 	 
	 	By  	/s/ Rolf Siebert
 	 
	 	 	Title:  Senior Vice President 	 
	 	 	 

60

 

	 	 	 	 	 

Lenders

	 	 	 	 	 
	 	MORGAN STANLEY BANK, N.A.

 	 
	 	By  	/s/ Sherrese Clarke
 	 
	 	 	Title:  Authorized Signatory 	 
	 	 	 	 
	 	BMO HARRIS FINANCING, INC.

 	 
	 	By  	/s/ Thad Rasche
 	 
	 	 	Title:  Director 	 
	 	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION

 	 
	 	By  	/s/ Frank J. Jancar
 	 
	 	 	Title:  Vice President 	 
	 	 	 	 
	 	MIZUHO CORPORATE BANK, LTD.

 	 
	 	By  	/s/ Robert Gallagher
 	 
	 	 	Title:  Authorized Signatory 	 
	 	 	 	 
	 	THE NORTHERN TRUST COMPANY

 	 
	 	By  	/s/ Keith L. Burson
 	 
	 	 	Title:  Vice President 	 
	 	 	 	 
	 	THE BANK OF NEW YORK MELLON

 	 
	 	By  	/s/ John Smathers
 	 
	 	 	Title:  First Vice President 	 
	 	 	 	 

61

 

	 	 	 	 	 

SCHEDULE I

GATX CORPORATION

CREDIT AGREEMENT

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Revolving Credit	 	 	Swing Line	 	 	Letter of Credit	 
	Name of Initial Lender	 	Commitment	 	 	Commitment	 	 	Commitment	 
	Bank of America, N.A.
	 	$	110,000,000	 	 	$	0	 	 	$	0	 
	Citibank, N.A.
	 	$	110,000,000	 	 	$	30,000,000	 	 	$	0	 
	PNC Bank, National
Association
	 	$	60,000,000	 	 	$	0	 	 	$	15,000,000	 
	U.S. Bank National
Association
	 	$	50,000,000	 	 	$	0	 	 	$	0	 
	Bayerische
Landesbank, New York
Branch
	 	$	45,000,000	 	 	$	0	 	 	$	0	 
	Morgan Stanley Bank,
N.A.
	 	$	50,000,000	 	 	$	0	 	 	$	0	 
	BMO Harris Financing,
Inc.
	 	$	30,000,000	 	 	$	0	 	 	$	0	 
	KeyBank National
Association
	 	$	30,000,000	 	 	$	0	 	 	$	0	 
	Mizuho Corporate
Bank, Ltd.
	 	$	30,000,000	 	 	$	0	 	 	$	0	 
	The Northern Trust
Company
	 	$	30,000,000	 	 	$	0	 	 	$	0	 
	The Bank of New York
Mellon
	 	$	15,000,000	 	 	$	0	 	 	$	35,000,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 
	Total:
	 	$	560,000,000	 	 	$	30,000,000	 	 	$	50,000,000	 
	 
	 	 	 	 	 	 	 	 	 

 

 

Schedule 2.01(b)

Existing Letters of Credit

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Guaranteed	 	 	 	 	 	 	 	 
	Party/Beneficiary	 	Issuing Bank	 	Reference Number	 	Amount	 	Expiration
	Trail, LTD.
	 	The Bank of New York Mellon	 	 	48262	 	 	$	1,000,000	 	 	 	11/30/2011	 
	Trail, LTD.
	 	The Bank of New York Mellon	 	 	48263	 	 	$	2,523,950	 	 	 	12/31/2011	 
	Travelers Ins. Co.
	 	The Bank of New York Mellon	 	 	48264	 	 	$	164,672	 	 	 	12/31/2011	 
	Arrowood Indemnity Co.
	 	The Bank of New York Mellon	 	 	48266	 	 	$	45,000	 	 	 	10/01/2011	 
	ACE Insurance Co.
	 	The Bank of New York Mellon	 	 	51889	 	 	$	2,233,000	 	 	 	12/31/2011	 
	XL Specialty Insurance Co.
	 	The Bank of New York Mellon	 	 	55582	 	 	$	3,677,600	 	 	 	9/30/2011	 
	Greenwich Insurance Co.
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL
	 	 	 	 	 	 	 	$	9,644,222	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

EXHIBIT A — FORM OF

NOTE

	 	 	 

	U.S.$____________

	 	Dated: ________________, 201_

          FOR VALUE RECEIVED, the undersigned, GATX CORPORATION, a New York corporation (the
“Borrower”), HEREBY PROMISES TO PAY to the order of _________________________ (the
“Lender”) for the account of its Applicable Lending Office on the Termination Date
applicable to such Lender (each as defined in the Credit Agreement referred to below) the principal
sum of U.S.$[amount of the Lender’s Revolving Credit Commitment in figures] or, if less, the
aggregate principal amount of the Revolving Credit Advances (as defined below) made by the Lender
to the Borrower pursuant to the Four Year Credit Agreement dated as of May 9, 2011 among the
Borrower, the Lender and certain other lenders parties thereto, and Citibank, N.A., as Agent for
the Lender and such other lenders (as amended or modified from time to time, the “Credit
Agreement”; the terms defined therein being used herein as therein defined) outstanding on such
Termination Date.

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

          Both principal and interest are payable in lawful money of the United States of America to
Citibank, as Agent, at 388 Greenwich Street, New York, New York 10013, in same day funds. Each
Revolving Credit Advance owing to the Lender by the Borrower pursuant to the Credit Agreement, and
all payments made on account of principal thereof, shall be recorded by the Lender and, prior to
any transfer hereof, endorsed on the grid attached hereto which is part of this Promissory Note.

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

	 	 	 	 	 
	 	GATX CORPORATION

 	 
	 	By  	

 	 
	 	 	Title: 	 
	 	 	 	 

 

 

	 	 	 	 	 

ADVANCES AND PAYMENTS OF PRINCIPAL

	 	 	 	 	 	 	 	 	 
	 	 	 	 	Amount of	 	 	 	 
	 	 	Amount of	 	Principal Paid	 	Unpaid Principal	 	Notation
	Date	 	Advance	 	or Prepaid	 	Balance	 	Made By
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

2

 

EXHIBIT B — FORM OF NOTICE OF

BORROWING

Citibank, N.A., as Agent

  for the Lenders parties

  to the Credit Agreement

  referred to below

  16115 Brett Road, Building #3

  New Castle, Delaware 19720

[Date]

          Attention: Bank Loan Syndications Department

Ladies and Gentlemen:

          The undersigned, GATX Corporation, refers to the Four Year Credit Agreement, dated as of May
9, 2011 (as amended or modified from time to time, the “Credit Agreement”, the terms
defined therein being used herein as therein defined), among the undersigned, certain Lenders
parties thereto and Citibank, N.A., as Agent for said Lenders, and hereby gives you notice,
irrevocably, pursuant to Section 2.02 of the Credit Agreement that the undersigned hereby requests
a Borrowing under the Credit Agreement, and in that connection sets forth below the information
relating to such Borrowing (the “Proposed Borrowing”) as required by Section 2.02(a) of the
Credit Agreement:

	 	(i)	 	The Business Day of the Proposed Borrowing is _______________,
20__.
	 
	 	(ii)	 	The Facility under which the Proposed Borrowing is requested is
the _______________ Facility.
	 
	 	(iii)	 	The Type of Advances comprising the Proposed Borrowing is
[Base Rate Advances] [Eurodollar Rate Advances] [LIBOR Swing Line Advance] [Fed
Funds Swing Line Advance].
	 
	 	(iv)	 	The aggregate amount of the Proposed Borrowing is
$______________.
	 
	 	(v)	 	[The initial Interest Period for each Eurodollar Rate Advance
made as part of the Proposed Borrowing is _____ [week[s]] [month[s]].]

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

     (A) the representations and warranties contained in Section 4.01 of the Credit
Agreement (except the representations set forth in subsection (d)(ii) thereof and in
subsection (f) thereof) are correct, before and after giving effect to the Proposed
Borrowing and to the application of the proceeds therefrom, as though made on and as of such
date, except to the extent such representation or warranty related to a specific earlier
date, in which case such representation or warranty shall have been true and correct as of
such earlier date;

 

 

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

	 	 	 	 	 
	 	Very truly yours,

GATX CORPORATION

 	 
	 	By  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

2

 

EXHIBIT C — FORM OF

ASSIGNMENT AND ASSUMPTION

          This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the
Assignment Effective Date set forth below and is entered into by and between
[the][each]11 Assignor identified in item 1 below ([the][each, an] “Assignor”)
and [the][each]12 Assignee identified in item 2 below ([the][each, an]
“Assignee”). [It is understood and agreed that the rights and obligations of [the
Assignors][the Assignees]13 hereunder are several and not joint.]14
Capitalized terms used but not defined herein shall have the meanings given to them in the Credit
Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which
is hereby acknowledged by [the][each] Assignee. The Standard Terms and Conditions set forth in
Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part
of this Assignment and Assumption as if set forth herein in full.

          For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the
Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and
assumes from [the Assignor][the respective Assignors], subject to and in accordance with the
Standard Terms and Conditions and the Credit Agreement, as of the Assignment Effective Date
inserted by the Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’]
rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under
the Credit Agreement and any other documents or instruments delivered pursuant thereto to the
extent related to the amount and percentage interest identified below of all of such outstanding
rights and obligations of [the Assignor][the respective Assignors] under the respective Facilities
identified below (including without limitation any letters of credit, guarantees, and Swing Line
Advances included in such Facilities), and (ii) to the extent permitted to be assigned under
applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its
capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)]
against any Person, whether known or unknown, arising under or in connection with the Credit
Agreement, any other documents or instruments delivered pursuant thereto or the credit transactions
governed thereby or in any way based on or related to any of the foregoing, including, but not
limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims
at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i)
above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee
pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an]
“Assigned Interest”). Each such sale and assignment is without recourse to [the][any]
Assignor and, except as expressly provided in this Assignment and Assumption, without
representation or warranty by [the][any] Assignor.

	 	 	 	 	 	 	 
	1.

	 	Assignor[s]:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 

 

			
	11	 	For bracketed language here and elsewhere in this
form relating to the Assignor(s), if the assignment is from a single Assignor,
choose the first bracketed language. If the assignment is from multiple
Assignors, choose the second bracketed language.
	 
	12	 	For bracketed language here and elsewhere in this
form relating to the Assignee(s), if the assignment is to a single Assignee,
choose the first bracketed language. If the assignment is to multiple
Assignees, choose the second bracketed language.
	 
	13	 	Select as appropriate.
	 
	14	 	Include bracketed language if there are either
multiple Assignors or multiple Assignees.

 

-2-

	 	 	 	 	 	 	 

	 	 	[Assignor [is] [is not] a Defaulting Lender]
	 
	 	 	 	 	 	 
	2.

	 	Assignee[s]:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 
	 	 	[for each Assignee, indicate [Affiliate] of [identify Lender]]
	 
	 	 	 	 	 	 
	3.

	 	Borrower(s):	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	4.	 	Agent:Citibank, N.A., as the administrative agent under the Credit Agreement
	 
	 	 	 	 	 	 
	5.	 	Credit Agreement:	 	 The $560,000,000 Four Year Credit Agreement dated as of May 9, 2011 among GATX
Corporation, the Lenders parties thereto, Citibank, N.A., as Agent, and the
other agents parties thereto
	 
	 	 	 	 	 	 
	6.	 	Assigned Interest[s]:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Percentage	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Aggregate Amount of	 	 	Amount of	 	 	Assigned	 	 	 	 
	 	 	 	 	 	 	Facility	 	 	Commitment/Advances	 	 	Commitment/Advances	 	 	of Commitment/	 	 	CUSIP	 
	Assignor[s]15	 	Assignee[s]16	 	 	Assigned17	 	 	for all Lenders 1 8	 	 	Assigned 8	 	 	Advances 19	 	 	Number	 
	 
	 	 	 	 	 	 	 	 	 	$	 	 	 	$	 	 	 	 	%	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	$	 	 	 	$	 	 	 	 	%	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	$	 	 	 	$	 	 	 	 	%	 	 	 	 	 

[7. Trade Date: ______________]20

[Page break]

 

			
	15	 	List each Assignor, as appropriate.
	 
	16	 	List each Assignee, as appropriate.
	 
	17	 	Fill in the appropriate terminology for the
types of facilities under the Credit Agreement that are being assigned under
this Assignment (e.g., “Revolving Credit Commitment,” “Letter of Credit
Commitment,” etc.)
	 
	18	 	Amount to be adjusted by the counterparties
to take into account any payments or prepayments made between the Trade Date
and the Effective Date.
	 
	19	 	Set forth, to at least 9 decimals, as a
percentage of the Commitment/Loans of all Lenders thereunder.
	 
	20	 	To be completed if the Assignor(s) and the
Assignee(s) intend that the minimum assignment amount is to be determined as of
the Trade Date.

 

-3-

Assignment Effective Date: _____________ ___, 20___ [TO BE INSERTED BY AGENT AND WHICH SHALL BE
THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

The terms set forth in this Assignment and Assumption are hereby agreed to:

	 	 	 	 	 
	 	ASSIGNOR[S]21

[NAME OF ASSIGNOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 
	 	[NAME OF ASSIGNOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 
	 	ASSIGNEE[S]22

[NAME OF ASSIGNEE]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 
	 	[NAME OF ASSIGNEE]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

[Consented to and]23 Accepted:

CITIBANK, N.A., as

   Agent

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	 	Title: 	 	 
	 	 	 	 
	 

 

			
	21	 	Add additional signature blocks as needed.
Include both Fund/Pension Plan and manager making the trade (if applicable).
	 
	22	 	Add additional signature blocks as needed.
Include both Fund/Pension Plan and manager making the trade (if applicable).
	 
	23	 	To be added only if the consent of the Agent
is required by the terms of the Credit Agreement.

 

-4-

[Consented to:]24

[NAME OF RELEVANT PARTY]

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	 	Title: 	 	 
	 	 	 	 
	 

 

			
	24	 	To be added only if the consent of the
Borrower and/or other parties (e.g. Swing Line Bank, Issuing Bank) is required
by the terms of the Credit Agreement.

 

ANNEX 1

GATX Corporation Credit Agreement

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

          1. Representations and Warranties.

          1.1 Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the
legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned
Interest is free and clear of any lien, encumbrance or other adverse claim created by [the][such]
Assignor, (iii) it has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and
(iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any
statements, warranties or representations made in or in connection with the Credit Agreement, (ii)
the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit
Agreement or any collateral thereunder, (iii) the financial condition of the Borrower, any of its
Subsidiaries or Affiliates or any other Person obligated in respect of the Credit Agreement, or
(iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any
other Person of any of their respective obligations under the Credit Agreement.

          1.2. Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has
full power and authority, and has taken all action necessary, to execute and deliver this
Assignment and Assumption and to consummate the transactions contemplated hereby and to become a
Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under
Section 8.07(b)(iii), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as
may be required under Section 8.07(b)(iii) of the Credit Agreement), (iii) from and after the
Assignment Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender
thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations
of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the
type represented by the [relevant] Assigned Interest and either it, or the Person exercising
discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring
assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has
been accorded the opportunity to receive copies of the most recent financial statements referred to
in Section 4.01(d) thereof or delivered pursuant to Section 5.01(a) thereof, as applicable, and
such other documents and information as it deems appropriate to make its own credit analysis and
decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned
Interest, (vi) it has, independently and without reliance upon the Agent or any other Lender and
based on such documents and information as it has deemed appropriate, made its own credit analysis
and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned
Interest, (vii) it will not be a Defaulting Lender immediately after such assignment, (viii) if it
is a Foreign Lender, attached to this Assignment and Assumption is any documentation required to be
delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by
[the][such] Assignee and (ix) if it is an Affiliate of a Lender, either the Borrower consents or is
deemed to have consented to such assignment or it will not fund any portion of any Advance with the
plan assets of any “employee benefit plan” (as defined by Section 3(3) of ERISA) that is subject to
Title I of ERISA, or any “plan” defined by and subject to Section 4975 of the Code if it would
cause the Borrower to incur any prohibited transaction excise tax penalties under Section 4975 of
the Code; and (b) agrees that (i) it will, independently and without reliance on the Agent,
[the][any] Assignor or any other Lender, and based on such documents and information as it shall
deem appropriate at the time, continue to make its own credit decisions in taking or not taking
action under the Credit Agreement, and (ii) it will perform in accordance with their terms all of

 

-2-

the obligations which by the terms of the Credit Agreement are required to be performed by it as a
Lender.

          2. Payments. From and after the Assignment Effective Date, the Agent shall make all
payments in respect of [the][each] Assigned Interest (including payments of principal, interest,
fees and other amounts) to [the][the relevant] Assignee whether such amounts have accrued prior to,
on or after the Assignment Effective Date. The Assignor[s] and the Assignee[s] shall make all
appropriate adjustments in payments by the Agent for periods prior to the Assignment Effective Date
or with respect to the making of this assignment directly between themselves.

          3. General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This
Assignment and Assumption may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature page of this
Assignment and Assumption by telecopy shall be effective as delivery of a manually executed
counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed
by, and construed in accordance with, the law of the State of New York.

 

EXHIBIT D — FORM OF

OPINION OF COUNSEL

FOR THE BORROWER

 

EXECUTION COPY

FOUR YEAR CREDIT AGREEMENT

Dated as of May 9, 2011

Among

GATX CORPORATION

as Borrower

and

THE INITIAL LENDERS NAMED HEREIN

as Initial Lenders

and

CITIBANK, N.A.

as Administrative Agent

and

CITIGROUP GLOBAL MARKETS INC.

and

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

as Joint Lead Arrangers and Joint Book Managers

and

BANK OF AMERICA, N.A.

as Syndication Agent

and

PNC BANK, NATIONAL ASSOCIATION

U.S. BANK NATIONAL ASSOCIATION

and

BAYERISCHE LANDESBANK, NEW YORK BRANCH

as Co-Documentation Agents

 

 

TABLE OF CONTENTS

	 	 	 	 	 

	ARTICLE I
	 	 	 	 
	 
	 	 	 	 
	SECTION 1.01. Certain Defined Terms
	 	 	1	 
	 
	 	 	 	 
	SECTION 1.02. Computation of Time Periods
	 	 	16	 
	 
	 	 	 	 
	SECTION 1.03. Accounting Terms
	 	 	16	 
	 
	 	 	 	 
	ARTICLE II
	 	 	 	 
	 
	 	 	 	 
	SECTION 2.01. The Advances and Letters of Credit
	 	 	16	 
	 
	 	 	 	 
	SECTION 2.02. Making the Advances
	 	 	17	 
	 
	 	 	 	 
	SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of
Credit
	 	 	19	 
	 
	 	 	 	 
	SECTION 2.04. Fees
	 	 	21	 
	 
	 	 	 	 
	SECTION 2.05. Optional Termination or Reduction of the Commitments
	 	 	22	 
	 
	 	 	 	 
	SECTION 2.06. Repayment
	 	 	22	 
	 
	 	 	 	 
	SECTION 2.07. Interest on Advances
	 	 	23	 
	 
	 	 	 	 
	SECTION 2.08. Interest Rate Determination
	 	 	23	 
	 
	 	 	 	 
	SECTION 2.09. Optional Conversion of Advances
	 	 	24	 
	 
	 	 	 	 
	SECTION 2.10. Prepayments of Advances
	 	 	25	 
	 
	 	 	 	 
	SECTION 2.11. Increased Costs
	 	 	25	 
	 
	 	 	 	 
	SECTION 2.12. Illegality
	 	 	26	 
	 
	 	 	 	 
	SECTION 2.13. Payments and Computations
	 	 	26	 
	 
	 	 	 	 
	SECTION 2.14. Taxes
	 	 	27	 
	 
	 	 	 	 
	SECTION 2.15. Sharing of Payments, Etc.
	 	 	28	 
	 
	 	 	 	 
	SECTION 2.16. Evidence of Debt
	 	 	29	 
	 
	 	 	 	 
	SECTION 2.17. Use of Proceeds
	 	 	29	 

i

 

-ii-

	 	 	 	 	 

	SECTION 2.18. Increase in the Aggregate Commitments
	 	 	29	 
	 
	 	 	 	 
	SECTION 2.19. Extension of Termination Date
	 	 	31	 
	 
	 	 	 	 
	SECTION 2.20. Defaulting Lender
	 	 	32	 
	 
	 	 	 	 
	SECTION 2.21. Mitigation Obligations; Replacement of Lenders
	 	 	34	 
	 
	 	 	 	 
	ARTICLE III
	 	 	 	 
	 
	 	 	 	 
	SECTION 3.01. Conditions Precedent to Effectiveness of Section 2.01
	 	 	35	 
	 
	 	 	 	 
	SECTION 3.03. Conditions Precedent to Each Borrowing, Commitment Increase,
Extension Date and Issuance.
	 	 	36	 
	 
	 	 	 	 
	SECTION 3.03. Determinations Under Section 3.01
	 	 	37	 
	 
	 	 	 	 
	ARTICLE IV
	 	 	 	 
	 
	 	 	 	 
	SECTION 4.01. Representations and Warranties
	 	 	37	 
	 
	 	 	 	 
	ARTICLE V
	 	 	 	 
	 
	 	 	 	 
	SECTION 5.01. Affirmative Covenants
	 	 	39	 
	 
	 	 	 	 
	SECTION 5.02. Negative Covenants
	 	 	41	 
	 
	 	 	 	 
	SECTION 5.03. Financial Covenant
	 	 	43	 
	 
	 	 	 	 
	ARTICLE VI
	 	 	 	 
	 
	 	 	 	 
	SECTION 6.01. Events of Default
	 	 	44	 
	 
	 	 	 	 
	SECTION 6.02. Actions in Respect of the Letters of Credit upon Default
	 	 	46	 
	 
	 	 	 	 
	ARTICLE VII
	 	 	 	 
	 
	 	 	 	 
	SECTION 7.01. Appointment and Authority
	 	 	46	 
	 
	 	 	 	 
	SECTION 7.02. Rights as a Lender
	 	 	46	 
	 
	 	 	 	 
	SECTION 7.03. Exculpatory Provisions
	 	 	47	 
	 
	 	 	 	 
	SECTION 7.04. Reliance by Agent
	 	 	47	 
	 
	 	 	 	 
	SECTION 7.05. Indemnification
	 	 	48	 

 

 

-iii-

	 	 	 	 	 

	SECTION 7.06. Delegation of Duties
	 	 	49	 
	 
	 	 	 	 
	SECTION 7.07. Resignation of Agent
	 	 	49	 
	 
	 	 	 	 
	SECTION 7.08. Non-Reliance on Agent and Other Lenders
	 	 	50	 
	 
	 	 	 	 
	SECTION 7.09. No Other Duties, etc
	 	 	50	 
	 
	 	 	 	 
	ARTICLE VIII
	 	 	 	 
	 
	 	 	 	 
	SECTION 8.01. Amendments, Etc.
	 	 	50	 
	 
	 	 	 	 
	SECTION 8.02. Notices, Etc.
	 	 	50	 
	 
	 	 	 	 
	SECTION 8.03. No Waiver; Remedies
	 	 	52	 
	 
	 	 	 	 
	SECTION 8.04. Costs and Expenses
	 	 	52	 
	 
	 	 	 	 
	SECTION 8.05. Right of Set-off
	 	 	53	 
	 
	 	 	 	 
	SECTION 8.06. Binding Effect
	 	 	54	 
	 
	 	 	 	 
	SECTION 8.07. Assignments and Participations
	 	 	54	 
	 
	 	 	 	 
	SECTION 8.08. Confidentiality
	 	 	57	 
	 
	 	 	 	 
	SECTION 8.09. Governing Law
	 	 	58	 
	 
	 	 	 	 
	SECTION 8.10. Execution in Counterparts
	 	 	58	 
	 
	 	 	 	 
	SECTION 8.11. Jurisdiction, Etc.
	 	 	58	 
	 
	 	 	 	 
	SECTION 8.12. No Liability of the Issuing Banks
	 	 	58	 
	 
	 	 	 	 
	SECTION 8.13. Patriot Act
	 	 	59	 
	 
	 	 	 	 
	SECTION 8.14. Waiver of Jury Trial
	 	 	60	 

 

 

-iv-

	 

	Schedules

	 

	Schedule I — List of Applicable Lending Offices

	 

	Schedule 2.01(b) — Existing Letters of Credit

	 

	Exhibits

	 

	Exhibit A  —  Form of Note

	 

	Exhibit B  —  Form of Notice of Borrowing

	 

	Exhibit C  —  Form of Assignment and Assumption

	 

	Exhibit D  —  Form of Opinion of Counsel for the Borrowerexv4w1

    Exhibit 4.1

 

    EXECUTION VERSION

 

    AMENDMENT
    NO. 2 TO THE

    RIGHTS AGREEMENT

 

    AMENDMENT, dated as of May 10, 2011 (this
    “Amendment”), between CKx, Inc., a Delaware
    corporation (the “Company”), and Mellon Investor
    Services LLC as Rights Agent (the “Rights Agent”) to
    the Rights Agreement, dated as of June 24, 2010, as amended
    (the “Rights Agreement”), between the Company and the
    Rights Agent.

 

    RECITALS

 

    WHEREAS, the Company and Mellon Investor Services LLC, as
    Rights Agent, are parties to the Rights Agreement, as amended by
    Amendment No. 1 to Rights Agreement dated as of
    July 13, 2010;

 

    WHEREAS, the Company, Colonel Holdings, Inc., a Delaware
    corporation (“Parent”), and Colonel Merger Sub, Inc.,
    a Delaware corporation and wholly-owned subsidiary of Parent
    (“Merger Sub”), intend to enter into an Agreement and
    Plan of Merger to be dated as of the date hereof (as it may be
    amended from time to time in accordance, the “Merger
    Agreement”);

 

    WHEREAS, as a condition and inducement to the willingness
    of Parent and Merger Sub to enter into the Merger Agreement, one
    or more stockholders intend to enter into a support agreement
    with Parent to be dated as of the date hereof (collectively, as
    they may be amended from time to time, the “Support
    Agreements”);

 

    WHEREAS, the Company desires to amend the Rights
    Agreement to render such agreement inapplicable to the Offer and
    the Merger (each as defined in the Merger Agreement), the other
    transactions contemplated by the Merger Agreement, the Support
    Agreements and the other transactions contemplated by the
    Support Agreements, and to make such other amendments to the
    Rights Agreement as contained in this Amendment;

 

    WHEREAS, pursuant to, and subject to the terms of,
    Section 27 of the Rights Agreement, at any time prior to
    the time at which any Person becomes an Acquiring Person, the
    Company may from time to time supplement or amend the Rights
    Agreement without the approval of any holders of Right
    Certificates, any such supplement or amendment to be evidenced
    by a writing signed by the Company and the Rights Agent;

 

    WHEREAS, no Person has yet become an Acquiring Person and
    the Board of Directors of the Company has determined that an
    amendment to the Rights Agreement as set forth herein is
    necessary and desirable and the Company and the Rights Agent
    desire to evidence such amendment in writing; and

 

    WHEREAS, all acts and things necessary to make this
    Amendment a valid agreement, enforceable according to its terms
    have been done and performed, and the execution and delivery of
    this Amendment by the Company and the Rights Agent have been in
    all respects duly authorized by the Company and the Rights Agent.

 

    Accordingly, the parties agree as follows:

 

    1. Amendment to Definition of “Acquiring
    Person”. Section 1(a) of the Rights Agreement is
    amended to add the following sentence after the last sentence
    thereof:

 

    “Anything in this Section 1(a) or this Agreement to
    the contrary notwithstanding, none of Colonel Holdings, Inc., a
    Delaware corporation (“Parent”), Colonel Merger Sub,
    Inc., a Delaware corporation and a wholly-owned subsidiary of
    Parent (“Merger Sub”), any stockholder of the Company
    party to a support agreement with Parent to be dated as of
    May 10, 2011 (collectively, as they may be amended from
    time to time, the “Support Agreements”) or any of
    their respective Affiliates or Associates, is, nor shall any of
    them be deemed to be, an “Acquiring Person” by virtue
    of (i) the execution of, or their entry into, the Agreement
    and Plan of Merger, to be dated as of May 10, 2011 by and
    among the Company, Parent and Merger Sub (as it may be amended
    from time to time, the “Merger Agreement”);
    (ii) the execution of, or their entry into, any of the
    Support Agreements; (iii) the execution of, or their entry
    into, any other contract or instrument in connection with the
    Merger Agreement or any of the Support Agreements;
    (iv) their acquisition or their right to acquire,
    beneficial ownership of Common Stock as a result of their
    execution of the Merger Agreement; or (v) the consummation
    of the Offer (as defined in the Merger Agreement) or the Merger
    (as defined in the Merger Agreement), in each case in accordance
    with, pursuant to, and on the terms and subject to the
    conditions set forth in the Merger Agreement; it being the
    purpose of the Company that neither the execution of the Merger
    Agreement or the Support Agreements by any of the parties
    thereto (after giving effect to any amendment to the Merger
    Agreement entered into by the Company
    and/or any
    amendment to a Support Agreement to which the Company has
    consented (such consent not to be unreasonably withheld,
    condition or delayed)) nor the consummation of the transactions
    contemplated thereby, in each case in accordance with, pursuant
    to and upon the terms and conditions of the Merger Agreement and
    the Support Agreements, shall in any respect give rise to any
    provision of this Agreement becoming effective.”

 

    2. Amendment to Section 1(d).

 

    (a) Section 1(d)(ii) of the Rights Agreement is
    amended to add the following proviso after the last sentence
    thereof:

 

    “; provided, further that the foregoing
    or any provision to the contrary in this Agreement
    notwithstanding, none of Parent, Merger Sub, any of the
    stockholders of the Company party to a Support Agreement or any
    Affiliate or Associate of any such Persons shall be deemed under
    this clause (ii) to have the right or obligation to
    acquire, or the right to vote, pursuant to an agreement,
    arrangement or understanding, any securities of the Company
    solely by reason of such Support Agreement or the fulfillment by
    any Person of its obligations thereunder;”

 

    (b) Section 1(d)(iii) of the Rights Agreement is
    amended to add the following proviso at the end thereof:

 

    “; provided, further that the foregoing
    or any provision to the contrary in this Agreement
    notwithstanding, none of Parent, Merger Sub, any of the
    stockholders of the Company party to a Support Agreement or any
    Affiliate or Associate of any such Persons shall be deemed under
    this clause (iii) to have an agreement, arrangement or
    understanding with any Person for the purpose of acquiring,
    holding, voting or disposing of any securities of the Company
    solely by reason of such Support Agreement or the fulfillment by
    any Person of its obligations thereunder;”

 

    3. Amendment to Definition of “Distribution
    Date”. Section 1(h) of the Rights Agreement is
    amended to add the following sentence after the last sentence
    thereof:

 

    “The foregoing or any provision to the contrary in this
    Agreement notwithstanding, a Distribution Date shall not occur
    or be deemed to have occurred as a result of the approval,
    execution, delivery or performance of the Merger Agreement or
    the Support Agreements or the announcement or consummation of
    the transactions contemplated thereby, in each case in
    accordance with, pursuant to and upon the terms and conditions
    of the Merger Agreement and the Support Agreements.”

 

    4. Amendment to Section 7(a). Section 7(a)
    of the Rights Agreement is amended by adding the following the
    words and the end of the last sentence:

 

    “or (iv) immediately prior to the earlier to occur of
    the Acceptance Time and the Effective Time (each as defined in
    the Merger Agreement).”

 

    5. Amendment to Definition of
    “Shares Acquisition Date.” Section 1(u)
    of the Rights Agreement is amended to add the following sentence
    after the last sentence thereof:

 

    “The foregoing or any provision to the contrary in this
    Agreement notwithstanding, a Shares Acquisition Date shall
    not occur or be deemed to have occurred as a result of the
    approval, execution, delivery or performance of the Merger
    Agreement or the Support Agreements or the announcement or
    consummation of the transactions contemplated thereby, in each
    case in accordance with, pursuant to and upon the terms and
    conditions of the Merger Agreement and the Support
    Agreements.”

 

    6. Amendment of Section 30. Section 30 of
    the Rights Agreement is hereby modified and amended to add the
    following sentence at the end thereof:

 

    “Nothing in this Agreement shall be construed to give any
    holder of Rights or any other Person any legal or equitable
    rights, remedies or claims under this Agreement by virtue of the
    approval, execution or delivery of the Merger Agreement or the
    Support Agreements or the consummation of the Offer or any other
    transactions contemplated by the Merger Agreement or the Support
    Agreements, in each case in accordance with, pursuant to and
    upon the terms and conditions of the Merger Agreement and the
    Support Agreements or the public announcement of any of the
    foregoing.”

 

    7. Amendment to Add Section 37. The Rights
    Agreement is hereby amended by adding a new Section 37 at
    the end thereof:

 

    “Section 37. Treatment of Rights at the Acceptance
    Time or the Effective Time. Any provision to the contrary in
    this Agreement notwithstanding, all Rights will expire in their
    entirety immediately prior to the earlier to occur of the
    Acceptance Time and the Effective Time (each as defined in the
    Merger Agreement) (each as defined in the Merger Agreement)
    without any payment to be made in respect thereof.”

 

    8. Termination of Merger Agreement. If for any
    reason the Merger Agreement is terminated, then this Amendment
    shall be of no further force and effect and the Agreement shall
    remain the same as it existed immediately prior to execution of
    this Amendment, without prejudice to any action taken prior to
    such termination in compliance with the Rights Agreement as
    amended hereby.

 

    9. Effectiveness. This Amendment shall be deemed
    effective as of the date first written above, as if executed on
    such date. Except as specifically amended by this Amendment, all
    other terms and conditions of the Rights Agreement shall remain
    in full force and effect and are hereby ratified and confirmed.

 

    10. Miscellaneous. This Amendment shall be deemed to
    be a contract made under the laws of the State of Delaware and
    for all purposes shall be governed by and construed in
    accordance with the laws of such State applicable to contracts
    to be made and performed entirely within such State. This
    Amendment may be executed in any number of counterparts and each
    of such counterparts shall for all purposes be deemed an
    original, and all such counterparts shall together constitute
    but one and the same instrument. If any provision, covenant or
    restriction of this Amendment is held by a court of competent
    jurisdiction or other authority to be invalid, illegal or
    unenforceable, the remainder of the terms, provisions, covenants
    and restrictions of this Amendment shall remain in full force
    and effect and shall in no way be effected, impaired or
    invalidated. Except as otherwise expressly provided herein, or
    unless the context otherwise requires, all terms used herein
    have the meanings assigned to them in the Rights Agreement. The
    Rights Agent and the Company hereby waive any notice requirement
    under the Rights Agreement pertaining to the matters covered by
    this Amendment.

 

    11. Notice to Rights Agent. The Company agrees to
    notify the Rights Agent promptly after the occurrence of the
    earlier to occur of the Acceptance Time or the Effective Time,
    in either case resulting in the expiration of the Rights.

 

    IN WITNESS WHEREOF, the parties hereto have caused this
    Amendment to be duly executed and attested, all as of the date
    and year first above written.

 

	 	 	 	 	 	 	 
	

    Attest:

	
 
	
    CKX, INC.

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	

    By:

	
 
	
    /s/ Kelly S. Pontano
	
 
	
    By:
	
 
	
    /s/ Thomas P. Benson

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
    Name: Kelly S. Pontano
	
 
	
 
	
 
	
    Name: Thomas P. Benson

	
 
	
 
	
    Title: Senior Counsel and Vice President
	
 
	
 
	
 
	
    Title: Executive Vice President, Chief Financial Officer and
    Treasurer

	
 
	
 
	
 

	

    Attest:

	
 
	
    MELLON INVESTOR SERVICES LLC,

    as Rights Agent

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	

    By:

	
 
	
    /s/ Stephen Jones
	
 
	
    By:
	
 
	
    /s/ Kayur Patel

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
    Name: Stephen Jones
	
 
	
 
	
 
	
    Name: Kayur Patel

	
 
	
 
	
    Title: Vice President
	
 
	
 
	
 
	
    Title: Vice President

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